Market Hesitates Then Rallies After Bank Cash Rise
New York stocks recovered modestly after banks reported a cash boost of 1 542 900. Missouri Pacific gained two points, St Paul and People’s Gas recovered, while Amalgamated Copper fell on mine shutdowns. The market showed mixed breadth with earnings uncertainty and Northern Pacific negotiations casting a shadow over sentiment.
MENTIONED IN THIS ARTICLE
New York
Bears
Missouri Pacific
Eople
St. Paul
Amalgamated Copper
Loa
Bank of Germany
Sterling Exchange
Berlin
London
Chicago & Northwestern
Vanderbilts
Union and
Southern Pacifies
Houges
Wall Street
Morgan
Northern Pacific Board of Directors
President Hill
Ireat Northern
Hartiman- Kuhn-Loeb
Northern Pacific Board
Great Nesthern
Burlington
Northern Pacific
Hill
Northern Pacific Preferred
Harriman-Kuhn- Loeb
Morgan-Hill
Theommon
Union Pacific
Market Fragility Across Europe and New York Trading
European markets show heavy losses from over investments in Russian industry with the French economist estimating a 66 percent collapse in two years. Germany faces liquidation pressure while Britain funds military needs in South Africa. In New York money markets, government surplus and bond redemptions press on liquidity as railroad bonds rise and U.S. refunding yields shift.
MENTIONED IN THIS ARTICLE
Economist
Francaise
Germany
Great Britannim
South Africa
New York
United States
Varied notices from Butte and Washington financials
Local business cards advertise W E Lindsley plumbing and Varisian Dye House in Butte. Treasury statement from Oct reports available cash, gold holdings, loans, deposits and reserves with figures and trends. Associated Bank Statement notes deposits, reserves and tender movements in New York.
MENTIONED IN THIS ARTICLE
Treasury
Washington
Metal Market Treads Quietly Amid Holiday Slowdown
New York reports a near holiday mood in metal trading with little London news. Tin and lead steady to dull, copper unchanged. iron pig iron warrants priced around 15 to 16 dollars. Currency flows show mixed specie imports and exports, while London stocks appear flat as traders brace for potential bank rate moves.
MENTIONED IN THIS ARTICLE
New York
London
Walle
Northern Foundry
Southern Foundry
Scandinavia
Omaha Livestock Market Report Highlights Oct 2
Cattle receipts 100 head with steady to weak tone. Native beef steers and cows move at mixed prices, canners and bulls weak. Hog receipts 5,400 with lower prices. heavy types around 5.97 to 6.66, others up to 6. Of sheep and lambs, market steady with grades from 3.25 to 4.50 for ewes and 3.0 to 3.5 for lambs.
MENTIONED IN THIS ARTICLE
Chicago
Drouth
Argentina
Liverpool
Dreuth
Bulle
Shorts
biQch Bee
Ole
Texas Fed
Jaamba
Omaha
Market Report From Kansas City on Cattle Hogs Prices
Kansas City market notes show cattle receipts with Texas steers at 27044.75 dollars and native cattle trading around 2.50 to 4.00 per head. Hog figures include 5,000 receipts with bulk sales between 0.75 and 6.10 dollars, while mixed hog prices reach up to 0.80.
MENTIONED IN THIS ARTICLE
Kansas City
Texas
Neal Ereachers
Bia
Money Drain From Banks Drops Hard After Sept 20
The Financier notes that since Sept 20 the cub treasury absorbed $16,270,400 from banks through government fiscal operations. Last week’s drain was the strongest yet, suggesting continued pressure for the rest of the year. Gold movements to Pacific coast points and potential shipments to Europe could influence bank reserves and the surplus reserve remains about $8 million higher than a year ago.
MENTIONED IN THIS ARTICLE
New York
Cub-Treasury
Treasury
Pacific Coast
Europe
London
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