Wall Street Gold Shipments Dim Speculation in Late Day Trading
Financial page reports gold shipments to France reducing speculation and a notable stock unloading. Sub treasury movements show minimal interior gains offset by $5,988,000 in weekly currency flow and looming year end funding needs. Market activity notes a tight bank reserve, foreign liquidity pressures, and continued heavy stock carry to foreign markets as year end approaches.
MENTIONED IN THIS ARTICLE
Panama Canal
Wmng
Amalgamated Copper
Amer, Car and Foundry
Amer
Ice Securities
Caesse
Ae Amer Woolen
Anaconda Mining
Atchison
Atlantic Coast Line
Baltimore
Brooklyn Rapid Transit
Canadian Pacific
Central Leather Soy de
Central of New Jersey
Chesapeake
Chicago Great Werters
Chicago
Northwestern
Cc. M
Ft. P
Market closes show weakness across Chicago grain and New York metals
Chicago wheat ends at near lows with May at 105% and July at 98.5. Corn and oats also close weak, with December corn 57.44 and May 57. May oats at 50.5 and December 50.5. Provisions fall 10 to 324 cents, live hogs down 5 to 1 cent. Copper steady in London around 63 1/2 pounds, New York market unchanged with copper around 14.25 to 14.50, lead at 13 5/8, zinc about 20.
MENTIONED IN THIS ARTICLE
Chicago
Lowl
New York
London
Lee
London Market Shows Bar Silver Dip and Cotton notes
London locally quotes bar silver at 5.10 to 5.15 with a 0.5 percent drop from last night, blamed on renewed selling by China and India as demand remains limited and heavy accumulation continues. In St Louis brief market items note medium grades of cloth and cotton futures in New Orleans and New York trading, with cotton futures opening easy and closing steady after a small decline.
MENTIONED IN THIS ARTICLE
London
China
India
New York
Powderly calls to abolish bread line in New York
In a letter to public charity officials T. V. Powderly commissioner of immigration argues against feeding the destitute via the bread line noting many are beyond reform and should work on state farms. He stresses inability to cure many and urges self-sustaining labor as the remedy.
MENTIONED IN THIS ARTICLE
New York
T. V. Powderly
Robert W. Hebbard
Public Charities
Powderly
Albuquerque
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