Mexican Crisis Dampens New York Stock Market
The Mexican situation triggered a market downturn with heavy selling in stocks linked to Mexico. Smelting, Amalgamated, and Union Pacific fell, and London followed the decline with offshore sales. A partial recovery followed late in the session amid少 turmoil over the Balkans and Berlin finances.
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New York
Mexico
London
Amalgamated
Union Pacific
Shorts
Balkans
Berlin
Rock Island
United States
Panama
Market Snapshot Shows Optimism Amid Disturbed Trade
Market sentiment remains unsettled as optimism gains in copper and steel, but Mexican and Balkan uncertainties keep nerves high. London and European equities see cautious buying, with prices expected to drift higher before potential declines. Paine letter notes a steady rally amid disturbance, while local ore records at Butte & Superior highlight rising zinc concentrates and London quotations improving.
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Boston
Butte & Superior
Amalgamated and
American Smelting
London
Copper markets steady amid London and New York quotes
Lead steady at 4.70 in New York with London bids of £20. Spelter quiet at 5.75 to 5.90 in London. Copper firm with Standard spot to October 14.75 to 15.50 and electrolytic 15.87 to 16.00. London copper at spot £68 lis with futures £68 lis. copper markets described as easy in London.
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New York
London
Bradstreet's notices on available grain supplies
New York Aug 19 Bradstreet's advices show changes in grain stocks Wheat totals rise in US east of Rockies 3597000 bushels and US west 117000 Canada down 875000 Afloat for Europe up 4200000 Total increase 7319000 bushels Corn US and Canada down 1827000 bushels Oats US and Canada up 3429000 bushels
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Bradstreet
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Portland Market Report Cattle Hogs and Sheep Prices
Port land news notes cattle receipts none and market easy with steers at 7.75 to 8.25, cows 6.00 to 7.00, calves 6.00 to 9.00, bulls 4.00 to 5.75. Hogs receipts 200 head and market steady with light 8.35 to 8.50, heavy 7.00 to 8.00. Sheep receipts 1,100 head and market steady with wethers 3.25 to 4.00, ewes 2.50 to 3.60, lambs 5.25 to 6.00.
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Portland
Ore
Money on call and loans steady in New York markets
Money on call steady at 2 2%4 per cent with ruling rate 2% per cent. Time loans stable at 60 days 3% 4 per cent, 90 days 3% per cent, six months 5% 3% per cent. Sterling exchange steady at 483.10 for 0 day bills and 486.55 for demand. Commercial bills 482%. Bar silver 59%c, Mexican dollars 4i. Government bonds easy, railroad bonds irregular.
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New York
Grain futures report from Minneapolis market notes
Minneapolis market closes with wheat futures showing No 1 hard at 89 and No 1 northern at 87 while No 2 northern sells at 85 to 87. Montana wheat ranges at 8% with No 3 at 845 S%c. September percent, December 89%c, May 5toc.
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Minneapolis
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Miners Accept Settlement on Coal Creek Strike
Charleston W Va August 19 The miners of Coal Creek have accepted a settlement similar to the one agreed by Cabin and Pair Creek miners weeks ago An 11 percent wage increase is part of the deal The acceptance ends the strike and returns workers to duties amid renewed labor peace in the district.
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W. Va
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Governors Meeting Promises Wide State Reform Debate
At the governors conference opening August 26 in Colorado Springs, a program of drastic state government reforms will be discussed. Key topics include a State Department of Efficiency and Economy, distrust of legislatures, and the growth of administrative commissions, with papers from Oklahomas Cruce, Washingtons Lester, Ilinois Dunne, Kansass Hodges, Alabamas Oneal, Arizonas Hunt, and Connecticuts Baldwin. A nine-governor committee will propose rural credit banks and land mortgage co operatives to aid farmers nationwide.
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Former Mayor of Minot Guilty with Industrials
Minot North Dakota August 19. Twenty one defendants including former Mayor Arthur Lesener and Street Commissioner Dewey Dorman were found guilty of blocking streets during riots tied to Industrial Workers of the World street meetings. Lesener and Dorman fined 25 dollars and costs. others sentenced to 10 days hard labor with 20 dollar costs.
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Dewey Dorman
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Dorman
Chicago Markets Grain Drop Amid Cautious Trade
Chicago August grain markets closed lower across corn wheat and oats with pro- visions mixed. Corn led declines as selling by longs weighed on prices while bears cited rains in the belt and a possible market correction. Wheat eased on weak Liverpool cues and light cash receipts. oats fell after a firmer opening. September prices ranged with corn at 74% to 75c, wheat around 86 to 87c, oats 42% to 43c. Provisions finished mixed with pressure late in session.
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Chicago market cattle hogs and sheep receipts report
Chicago on Aug 18 shows hog receipts 12,000 head with market strong to higher prices. bulk 7.60 to 8.45, light 8.35 to 9.00, mixed 7.75 to 8.95, heavy 7.96 to 8.60, pigs 4.25 to 8.00. Cattle receipts 4,500 head. market slow to steady with beeves 7.00 to 9.00, Texas steers 6.75 to 7.70, western 6.20 to 7.70, stockers 5.45 to 7.90, cows and heifers 8.60 to 8.30, calves 8.00 to 11.00. Sheep receipts 28,000 head. market weak to lower with natives 3.70 to 4.75, western 4.00 to 4.75, yearlings 4.85 to 5.75, lambs native 5.25 to 7.50, western 5.75 to 7.65.
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Butter and Eggs Market Report Chicago Aug 19
Butter steady creamery 26 27c eggs slightly firmer receipts 10 977 cases at mark 16 19c ordinary firsts 18 19 4c firsts 214 22c cheese unchanged
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