Wall Street sees record day with local traction rally
The New York market shows extreme swings led by Manhattan and rail stocks. Traders note heavy short interest as trains and coal stocks rise and fall, with Delaware & Hudson gaining on dividends and a broad pullback across steel and lead issues. Experts foresee early gold exports and a shift toward railroad share consolidation under a community of interests policy.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Manhattan
Delaware & Hudson
Ontario & Western
Coalers
Union Pacific
Baltimore & Ohio
Grangers
Tin Plate
Minneapolis & St. Louis
National Tube and Steel
National
American Xpress
New York Stock Exchange
Pennsylvania Coal Company
Iie
Central Railroad of
New Jersey
Erie
Northwest
St. Paul
J. J. Hill
Great Northern
Bond market notes after urging inflation and refunds
The article discusses the bond market showing strong demand but less than for stocks as fixed interest returns influence value. United States refunding is quoted 14 percent above the week’s call price, signaling a shift in perceived value and speculation patterns.
MENTIONED IN THIS ARTICLE
United States
Metal market quiet with little change in New York
New York on January 12 reported no London advices to guide trading and a quiet metal market. Copper remained around 26.25 cents for lake superior and 4e for casting, with spelter dull at 16 cents and iron warrants quoted at 50 to 50.5 dollars for northern foundry and 14.4 for southern foundry.
MENTIONED IN THIS ARTICLE
Atchison
Baltimore & Ohio
Canada
Chesapeake & Ohio
Damier
Denver
Rio Grande
Pere
Hocking Coal
Hocking Valley
Wolllinois Central
Erie & Western
Lake Shore
Louisville & Nashville
Manhattan
Minn
Missouri Pacific
Mobile
Ohio
New Jersey Central
New York Central
Norfolk & Western
Northern Pacific
Ontario & Western Sheen
Pennsylvania
Cooh
Rio Grande Western
St. Louis
Southwestel
St. Pau
la St
St . Paul & Omaha
Southern Pacific
Southern Railway
Texas & Pactti
Usty Union
Sesserens
Wisconsin Central
Third Avenue
Adams Expresser
United States
Wells-Fargo
American Steel
American Steel & Wire
Peebledeveres Wy Co
American Tobacco
Anaconda Mining’ Co
Brooklyn
Colorado Feul & Iron
Ocean
Continental Tobacco
Auedare
Federal Eteel
General Electric
Cerese
Peernens
Um International Paper
Lehane Mo
Giae
National
National Steel
New York
Pacific Coast
People’s Gas
Coat & Iron
Rene
Western Union
Wit
Republic Iron & Bree l
London
Iin
Lake Superior
Twsye
Northern Foundry
Southern Foundry
London market dull yet cheerful with American purchases
The London financial cablegram reports a quiet but upbeat day with steady American buying of Ontario and Western and Denver and Rio Grande, and Northern Pacific shares in demand. Union Pacific may raise its dividend in April, and a British bank received £20,000 in gold from Australia.
MENTIONED IN THIS ARTICLE
New York
London Financial Cablegram
Ontario & Western
Denver & Rio Tkan
Berlin
Union Pacific
Australia
Wheat Quiet Day Opens Higher On Chicago Market
Chicago wheat markets opened May by as much as 4 1 2 cents with early gains erased by large receipts and expected price declines. A later rally followed news that Minneapolis mills would reopen Monday, lifting prices to firm levels before closing.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Tiye
Minneapolis Nour
Wwe
Minneapolis
Duluth
Grain and livestock futures end mixed amid steady close
Market report shows 931 cars traded up from 310 last week and 664 a year ago as corn and oats were narrow and May contracts closed steady or slightly lower. Wheat weakness gave way to modest recoveries with cash demand strong. hog prices opened weak on high receipts but later rebounded with packer buying. May pork and lard mildly lower.
MENTIONED IN THIS ARTICLE
May
May Park
Commodity price quotes and grain market receipts
The report lists cash quotations for flour and grain items including Winter patents at 3.70 to 4.05, straights 3.20 to 8.05, clears 2.80 to 3.40, spring specials 4.40 to 4.50, patents 3.60 to 41.80, bakers 2.20 to 2.75, and No 2 and No 3 wheat corn oats rye and flaxseed prices. It also notes pork, lard, ribs, and salted items with current per barrel and per hundred weight pricing. Receipts and shipments show wheat 97,000 bushels, corn 477,000, oats 258,000, rye 5,000, barley 68,000, with shipments totals varying.
MENTIONED IN THIS ARTICLE
Northwestern
Cattle and Hogs Prices With Mixed Receipts Report
Chicago markets show nominal steadiness in cattle with steer prices around 5.80 for prime, 4.10 to 4.85 for Texas fed steers, and cows near 2.65 to 4.40. Hogs receipts hit 27 000 with top around 5.35 and bulk sales 5.20 to 5.25. Sheep receipts 2 000 with wethers 3.89 to 4.64 and lambs about 4.22 to 5.50 depending on grade.
Cattle Hogs and Sheep Markets Reported in Omaha
Other Markets Omaha January 12 reports cattle receipts at 200 with steady market. Native beef steers 5.40, western steers 3.75 to 4.40, Texas steers 3 to 4.15, cows and heifers 3.10 to 4.25, calves 46.25, stockers 34.40, bulls 2.50 to 4. Heavy hogs 5.17 to 5.22, mixed 5.17 to 5.20, light 5.15 to 5.21, bulk 17 to 20.25. Sheep no receipts. fair to choice natives 44.50, westerns 39.45 to 44.30, lambs 4.25 to 5.40.
MENTIONED IN THIS ARTICLE
Chicago
Jian
Texas
Texas Bulls
Omaha
Kansas City Cattle and Hogs Market Report
Kansas City cattle receipts show market unchanged with native steers around 4.75 and cows and heifers near 4.50 to 4.65. Stockers and feeders bring 3.50 to 4.65, bulls around 3.80. Hog receipts total about 3,000 with bulk sales 5.15 to 5.20, heavy 5.10 to 5.30. Packers near 5.10 to 5.20, lights 5.05 to 5.25.
MENTIONED IN THIS ARTICLE
Kansas City
Weathered fragment hints at agricultural wool markets
San Francisco reports January sales with spring wools from Nevada and Eastern Oregon and fall wool from the San Joaquin plains Humboldt Mendocino and related valleys. Names Willie Watlic Kalie appear as locations or sellers in a brief commodity note.
MENTIONED IN THIS ARTICLE
San Francisco
Nevada
Wilie
Oregon
Watlic
Valley
Kalie
San Joaquin Plains
Humboldt
Mendocino
Market notes list railroad stocks and metal price
London report lists Atchison Canadian Pacific Union Pacific preferred Site Northern Pacific preferred Grand Trunk and Anaconda stocks with a 7s rate and silver at 24d per ounce with steady trading.
MENTIONED IN THIS ARTICLE
London
Atchison
Canadian Pacific
Union Pacific
Northern Pacific
Grand Trunk
Wool market steady awaiting January sales opening
London reports a steady wool market for the week as private rates hold and a 5 percent advance in merinos is anticipated at the January sales opening. Next week’s offerings total 62,000 bales with Feb 15 set for closing the first series. Arrivals for the second series reach 49,142 bales, and sales begin March 12.
MENTIONED IN THIS ARTICLE
London
London Money Market Braces as Bank Rate Hints Hold
London brokers report firmer demand and higher discounts after the Bank of England drained funds to regain control next week. Nervous, disorganized operators fear some failures while overarching hope rests on settlements with creditors of the London Globe Financial corporation and a possible 4 percent discount rate. Paris adds to pressure, though gold shipments to London are not assured.
MENTIONED IN THIS ARTICLE
London
Bank of England
Stock Exchange
London & Globe Financial Corporation
Treasury
Paris
London Ward
Gain in Cash Surplus at New York Clearing Banks
The Financier reports New York clearing house banks added 11 648 500 to cash last week with reserves rising about 5 051 975 to 22 993 000 the highest since debt 1 prior to the crop movement. Expansion comes from interior remittances and sub treasury receipts, with further gains likely as supply flows continue. Potential excess reserve risk cited only if substantial gold exports occur.
MENTIONED IN THIS ARTICLE
New York
New York Clearing House
Banks hold strong position as monetary flows shift east
The report notes ample bank reserves and easy rates yet skirts a shift in funds toward the east. A surplus of about 72 million at year start fell to 30 million by month end, then dropped 25 million by mid March. Deposits rose mainly from cash receipts as loan demand lagged stock market activity.
MENTIONED IN THIS ARTICLE
Stock Exchange
New York
Washington State Cash and Gold Reserves Report
State financial statement lists available cash balances at 128 million 76 thousand 574 dollars and a gold reserve of 86 million 047 thousand 88 dollars. No further context or dates provided.
MENTIONED IN THIS ARTICLE
Washington, Jan
Count Boni de Castellane Replies to Art Purchases Charges
The Count Boni de Castellane told Paris reporters that New York statements about buying art on credit for 337000 dollars and reselling items with profit are no different from Wertheimer’s lawyers’ claims in Paris. He argued French and English law protect a man of his standing and fortune, who may use goods bought on credit without criminal liability, as his fortune guarantees responsible conduct.
MENTIONED IN THIS ARTICLE
New York
Paris
Wertheimer
France
England
Bridges Bribery Boodle in City Council Scandal
In a sealed verdict, Lafayette Bridge Co. of Lafayette Indiana is awarded 24800 against the city of Streator Illinois for a Vermillion line bridge contract. The 1897 award sparked bribery accusations against aldermen and contractor groups seeking high prices and thwarting rivals. One alderman admitted a 500 payment. The suit sought 40000.
MENTIONED IN THIS ARTICLE
Chicago
Lafayette Bridge Company
Lafayette
Ind
Arbuckles win stockholder right to inspect Woolson papers
In Toledo on January 12 the Arbuckles were ruled stockholders of Woolson Spice and entitled to inspect certain books and papers. They may determine the cost and selling price of materials used by Woolson. They will demand access to specific books on Monday and the court will define which records are accessible.
MENTIONED IN THIS ARTICLE
Toledo
Ohio
The
Arbuckles
Woolson Spice Company
Woolson Company
Train collision kills two on Illinois Central line
Belleville reports a double header extra freight train collided with a through freight on the Illinois Central. Conductor W. A. Wing of Coulterville and brakeman W. E. Ring of Duquoin died in the crash. The mishap occurred today as investigations begin.
MENTIONED IN THIS ARTICLE
Belleville
W. A. Wing
Coulterville
Grakeman
W. E. Ring
Duquoin
Victory for Strikers in Reading Traction Dispute
Reading Pa January 12 The strike of Union Traction company employees begun last Tuesday ends as the board of arbitrators grants every demand by the strikers.
MENTIONED IN THIS ARTICLE
Reading
Union Traction Company
Free treatment claim for heart disease by Dr Miles
An advertisement touts a new complete special treatment for heart disease and related ailments. It promises free trial supplies worth two dollars and a half to every afflicted person and cites numerous testimonials from various professionals. Respondents are urged to send for free treatment and mention the newspaper.
MENTIONED IN THIS ARTICLE
Miles
Frank Smith
Chicago
Elias Kester
Franklin Miles
State St
Iil
Britain Embraces American Methods In Woolen Trade
London reports a shift toward American manufacturing ideas in Britain with a Bradford woolen mill using a new Drury machine capable of spinning tough yarns from asbestos or peat moss. The era of British rivals Arkwright and Crompton may be ending as American efficiency reshapes industry.
MENTIONED IN THIS ARTICLE
London
Great Britain
Great
Morning Post
Britain
Bradford
Arkwright
Crompton
Drury
Boston
Daily Mail
England
America
Lord Roberts
Daily Telegraph
California
Philippines
Percival
The
Times
Manila
South Africa
War Office
Senator Proctor
Europe
Wales
Prince of Wales
Duchess of Devonshire
Chatsworth
Muriel Wilson
William Waldorf Astor
Cliveden
Miss Astor
Harry Higeine
Miss Breeze
Captain Ames
Life Guards
MUU
Abolish Strikes Move Discusses National Arbitration Board
The National Civic Federation committee meets in Chicago to plan a national arbitration and conciliatory board to handle disputes between employers and workers and to eliminate strikes across mercantile, business, and labor sectors. Railroads are among the employer groups backing the effort. the federation aims to organize the committee and advance the plan.
MENTIONED IN THIS ARTICLE
Chicago
Committee of Conciliation and Arbitration
National Civic Federation
Railroad Corporations
Last December Remains Divided Between Employee and Employer Classes
A terse line notes that last December was evenly split between employee and employer classes.
Pingree Contempt Case Moves Toward Supreme Court
In Lansing on Jan 12 ex Governor Pingree’s attorney asked to dismiss contempt charges claiming lack of court jurisdiction. Judge Wisner overruled objections and the case was continued to Feb 4 with exceptions noted, sending the matter toward the state supreme court.
MENTIONED IN THIS ARTICLE
Lansing
Mich
Pingree
Ingham County
Detroit
Stephenson
Wisner
Supreme Court
Cattle Trade In Salt Lake High Bred Herds Sold At Wells Deal
M K Parsons of the Utah Colorado Cattle and Improvement company buys 1000 head of yearlings and two year olds from O Neil Brothers of Wells Nevada. Prices are said to be 22 dollars for yearlings and 29 dollars for two year olds. Prominent cattle men gathered for the convention and the Live Stock association office buzzed with activity as the Chicago delegation set to arrive tomorrow.
MENTIONED IN THIS ARTICLE
Salt Lake
Utah
M. K. Parsons
Utah- Colorado Cattle & Improvement Company
O'Neil Brothers
Wells
Nev
Live Stock Association
Chicago
Moyie Lake Shore hotel fire destroys Moyie structures
A Lake Shore hotel in Moyie British Columbia burned at 5 am. Guests fled with no belongings as they jumped from windows. Spokane resident Jack Russell broke a leg leaping from a third story window. Three adjoining buildings were lost, total damage about 25000 dollars with 5000 dollars insured.
MENTIONED IN THIS ARTICLE
Spokane
Wash
The
Chronicle
Lake Shore
Moyie
B. C
Jack Russell
Deputy Sheriff Killed in Ambush at Friar's Point
Memphis dispatch reports Deputy Sheriff James Lucas was shot dead near Friar's Point by Andrew Cator, sought on a whiskey selling warrant. Cator was captured and a mob threatened lynching but officers hid him.
MENTIONED IN THIS ARTICLE
Memphis
Tenn
Friar's Point
Mass
James Lucas
Andrew Cator
Cator
Lipton’s Shamrock II to be built in fast setup
London January 12 The Dennys, allies of Lipton, confirm the firm is building Sir Thomas Lipton’s America cup challenger Shamrock II. They say little progress has been made so far but arrangements are complete for rapid construction.
MENTIONED IN THIS ARTICLE
London
Dennys
Thomas Lipton
Roosevelt heads to Keystone ranch for hunting trip
Col. Theodore Roosevelt and companions departed for the Keystone ranch 36 miles northwest, where they will establish headquarters in a log cabin. The Keystone ranch is owned by Messrs. Parsons and Hanauer stockmen from Salt Lake City.
MENTIONED IN THIS ARTICLE
Meeker
Theodore Roosevelt
Keystone Ranch
Messrs
Parsons and
Hanauer
Salt Lake City
Freight Train Derailed Near Summit West of Reno
A westbound freight loaded with ice derailed this morning west of Summit near Reno and was badly smashed. No injuries are reported. The wreck delayed No 6, the eastbound passenger train due at Reno at 8 50 this morning.
MENTIONED IN THIS ARTICLE
Reno
Summit
Secretary Hay Recovered from Illness at Home
Secretary Hay transacted considerable business at his Washington home today but did not resume official duties. He appears to be quite recovered from his recent illness.
MENTIONED IN THIS ARTICLE
Washington
Hay
Free trial remedies mailed for men's weakness cure
Free four package trial offers are mailed to readers who write the State Medical Institute at Elektron building Ft Wayne Ind. The home remedy targets male weakness from youthful folly with claims of quick effect and no embarrassment. Any man who writes receives a free sealed sample and no publicity.
MENTIONED IN THIS ARTICLE
State Medical Institute
Btute Medical Institute, & Elektron
Ft. Wayne
Ind
Ex-President Hershfield Trial Concludes in Miles City Bank Case
The trial of Aaron Hershfield former president of the State National Bank of Miles City concluded after closing arguments. The defense witness spoke for about an hour detailing alleged notes and substitutions while prosecutors and bank officials testified on false entries and collateral. The jury to be charged Monday morning with the case then submitted.
MENTIONED IN THIS ARTICLE
Standard
Helena
Jan
Aaron Hershfield
State National Bank of
Miles City
United States
John DeCarl
R. L. King
Bk. T. Wilson
Isvo
State National Bank
William Thompson
Henry Metcalf
Hershfield
Comptroller
Harmon
Menominee, Mich
Lacroix
Banking Association
Montana
Metcalf
Thompson
Jepp Ryan
Ryan
Merchants National Bank
Miles City Bank
Monmorning
Union Labor Strike Sparks City Alarm at Mill
Florence January 12 The people fear disorder as workers at Union Geld Extraction mill strike for union recognition. Managers offer union scale but block two committee from the Miners and Meltermen’s Union and refuse to discharge non union workers. Plans to import Italian laborers raise rioting fears. A mass miners meeting in Brookside Coal Creek Hookwala Bear Gulch area to discuss sympathy action was cut afternoon.
MENTIONED IN THIS ARTICLE
Florence
Cole
Mit
Brookside
Coal Creek
Hkookvala
Bear Gulch
Ce & Tron Company
Northern
Cupcahe
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NEW York Stock Report
Butte Hotel
Telephone
Butte, Ment
Adams Con
Constock Tunnel
Deadwood
Leadville
Ontario
Phoenix
Sierra Nevada
Metal Market
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Adventure el
Bingham
Atlantic
BSG
Butte
Wee Calumet & Breoth
Franklin
Winona Te
Wolverines
London Wool Market
London Money Market
Treasury Statement
Count Boni
Bos
Kingland
Committee of Conciliation and
Higher Court
Lipton
Teddy
A. E. Robinson
Colorado