Foreign demand boosts Union Pacific Southern Pacific underwritin
Foreign participation drove a large oversubscription in the Union Pacific Southern Pacific stock underwriting, lifting Southern Pacific shares and US markets. Gains spread to European centers with London Paris and Berlin showing buoyancy as American and Canadian issues moved higher before profit taking trimmed advances. Crop news remained mixed amid drought in parts of the Midwest and treasury policy influencing merchant optimism. Bond market stayed steady with light activity. total par value sales reached 1,579,000.
MENTIONED IN THIS ARTICLE
New York
London
Paris
Reutes
Berlin
Canadian Pacific
Union Pacific-Southern Pacific
Southern Pacific
Steel
Amalgamated
Treasury
EBE SOON 10 BEGIN IN TIDE OF STOCKS REVIVAL IN MARKET IS DUE
Decline and low prices have held for a year, but obstacles to improvement now seem removed. Paine, Webber & Co. urge early action, noting cheap stock and potential gains. Article surveys causes of depreciation, mentions twenty year panic fears, crop prospects, currency bill, labor stability, and possible dividends increases from Western Union, St. Paul, and others.
MENTIONED IN THIS ARTICLE
Paine, Webber & Co
Boston
Congress
Ing. Tonet
Cal
Arizona
Anc
Allouez
Wa. Mae
Western Union
St. Paul
Fast Butte
Centennial
Market Up as It Went Down in News Driven Swings
The market trends upward amid mixed signals with reports of short covering and rising copper prices. Analysts note a shift from bear raids to gains, and discuss Union Pacific and Southern Pacific financing, copper inventories, and continuing volatility in New York and Boston markets.
MENTIONED IN THIS ARTICLE
Paine
Boston
Logan & Bryan
New York
Union Pacific
Southern Pacific
Money Rates Steady as City Opens for Trading
New York reflects steady money on call at 2 1/2 percent with ruling rate at 2 1/4 percent and closing bid near 2 1/2 percent. Time loans mark 4 1/2 percent for 9 days and 5 percent for six months. Prime mercantile paper ranges 6 to 64 percent. Clearing exchange quotes 483 for 60 day bills and 486 for demand. Commercial bills at 482.75. Government and railroad bonds steady. Bar silver around 39 1/2 cents. Mexican dollars noted as fic.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Wheat prices and barley barley flax figures from Minneapolis market
Minneapolis market brief shows No. 1 hard wheat at 89 5/8 cents, No. 1 northern at 87 3/4 cents, No. 2 northern at 54 1/4 to 54 3/4 cents, No. 2 hard Montana at 51 1/4 cents, September at 86 cents, December at 89 1/4 cents, May at 89 cents. Barley unchanged. Flax at 1.52 to 1.53 dollars.
MENTIONED IN THIS ARTICLE
Minneapolis
Northern
Montana
Siye
Copper and metal market report with London quotes
New York price trading shows lead at 0.45 cents bid with London bid around £20 7s 6d. Spelter quoted 5.70 to 5.80 cents on London markets. Copper firm with Standard spot to October at 14.85 to 15.75 cents electrolytic 15.87. London copper quiet with spot and futures around £69 12s 6d.
MENTIONED IN THIS ARTICLE
New York
Utah
Nevada
Alameda
Butte
Alex Scott
Arizona
Butte & Ely
London
Milwaukee
Butte-Montana
Butte-Aodersburg
North Franklin
Tuolumne
Butte & Enliston
Butte & Superior
Mast Butte
Pere
Ohio
Ohio Keating
Butte & Bacorn
Portland Stock Market Weak with Mixed Cattle Prices
In Portland on August 13 cattle receipts were 65 percent with a weak market. Prices ranged for choice steers around 7.75 to 8.00, medium steers 6.75 to 7.50, cows 4.75 to 7.25, medium cows 6 to 7, and calves 6 to 6.75. Hogs at 8.75 to 9.00 for chosen and heavy hogs 8.60, sheep with no receipts but weak trends, wethers 3.25 to 4.25, ewes 2.59 to 3.50, lambs 5.25 to 6.00. Geneva plans a natural history museum costing 230000.
MENTIONED IN THIS ARTICLE
Portland
Corn Prices Hit Season Highs in Chicago Markets
Chicago markets report corn reaching season highs amid drought damage in the plains and Kansas. Oats and wheat show declines or steadiness while export sales near 500000 bushels buoy options. Prices for corn, wheat, oats, pork, lard, and ribs listed. cash rye and barley noted.
MENTIONED IN THIS ARTICLE
Chicago
Kansas
Oklahoma
Illnois
London
Chicago Livestock Market Slips Across Hog Cattle Sheep
Chicago livestock report shows dull hogs with 0.5 to 1.5 cent declines alongside weak cattle demand and slow sheep trading. Hog prices ranged from about 7.70 to 9.20 for various grades, while cattle mixed with Reeves and Texas steers near 6.75 to 9.10 and calves up to 11.25. Sheep native and western flocks traded 3.75 to 7.35 with yearlings and lambs strongest in the upper ranges.
MENTIONED IN THIS ARTICLE
Chicago
Reeves
Texas
House of Commons debates fair Panama Pacific exhibit
London August 13 The house of commons debated British participation in the Panama Pacific exposition. Col George Gibbs and John O Connor urged a single national exhibit for the United Kingdom but Francis Acland undersecretary for foreign affairs argued participation remains expedient. O Connor questioned whether free trade Britain should reward the United States for tariff reductions, which Acland disputed, noting tariffs had not been cut.
MENTIONED IN THIS ARTICLE
London
House of Commons
George Gibbs
John O'Connor
San Francisco
United Kingdom
Francis Duke Acland
Forign
O'Connor
United States
Acland
Japs Carry American Mail To Honolulu And Orient
San Francisco dispatch reports the Japanese Hong Kong Maru carried US mail to Honolulu and the Orient after a successful bid by Toyo Kisen Kaisha. The government previously paid 6 cents per pound, now reduced to 4 cents.
MENTIONED IN THIS ARTICLE
San Francisco
United States Mail
Honolulu
Orient
Toyo Kisen Kaisha Line
American Steamship Lines
Pacific
Chinese Rebels Surrender Forts to Government Troops
Shanghai Aug 13 rebels surrender Wu Sing forts to northern government forces after leaders flee last night. Belief grows that surrender was driven by payment and money.
MENTIONED IN THIS ARTICLE
Shanghai
China
Wu Sing
Eczema on Scalp Healed by Cuticura In Two Weeks
A 1912 case from Seymour Missouri describes chronic scalp eczema with itching burning and hair loss. After two years of pimples and irritation the patient used Cuticura Soap and Ointment per directions and was cured in two weeks. The ad also recommends Cuticura Ointment and Soap for pimples and blackheads with a five minute scrub and daily baths.
MENTIONED IN THIS ARTICLE
Seymour
S. L. Killian
Cuticura
Dept. T
Boston
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