Governors of Cotton and Stock Exchanges Debate Business Resumption
American business leaders await decisive European battle outcomes to guide policy. Governors of cotton interests and stock exchanges propose different plans for restarting activity. Merchant marine movement is praised as the dawn of a new U.S. business era.
MENTIONED IN THIS ARTICLE
United States
Open the Doors of Changes Weary Exchange Talks
New York August 3 Special The big stock exchange faces reopening after war induced suspension. Governors aim to one step reopen with selective securities trading first, then broader after stabilizing conditions. Banks report strained reserves but gradual recovery expected as trans Atlantic shipping resumes and gold flows adjust.
Lack of Leader Among Financiers in War Panic
New York August 22 Special. With grain exports rising and trading in stocks and bonds increasing, Wall Street has recovered from the early war panic. For the first time in years it has no single recognized leader as in 1907 or 1893. The article notes the shift from Morgan era control to collaborative decision making, Washington’s growing influence, and the new dynamic in bank reserve and clearing house actions during the current crisis. It contrasts past leadership with present dispersed influence and cites Vanderlip and others in Washington as key figures. It also includes a London Economist editorial on credit and trade amid shipping concerns.
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New York
New York Stock Exchange
Commttee
Atrc
Europe
Stock Exchange
Stock Exchange Clearing House
Old Prices
United States
Canada
Fanama Railroad
Great Britain
France
Wilson
Washington
Germany
Central Freight Association
Interstate Commerce Commission
Central Territory
FH. B. Clana
John Claflin
Itta
Missouri Pacific Railroad
Pacific Gas and Electric Company
Temple Company
Thesert Board
Russia
London
Aix
Wall Street
J. P Morgan
Frederick D. Tappen
McAdoo
Financial District
Wallsteset
Committee of Stock Exchange Governors
J. P. Morgan & Co
Sta
J. P. Morgan
Broad Street
Lke
JP Morgan
Frank A | Vanderlip
Jacob H Schife
Hepburn
George F. Baker
Francis JL Hime
Morgan
Marriman
Frank A. Vanderlip
White House
Vanderlip
National City Bank
First National
Morgan Corner
Financial aid to Europe and new nations after war
An editorial argues war profits and capital should flow to Europe and new countries such as Canada, Argentina, and Brazil. It claims U S aid benefits both sides, boosting American wealth while helping Europe with needed food and raw materials. It warns war opponents will bear responsibility for postwar loss recovery.
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Europe
New York
United States
Dong So
Canada
Argentina
Brazil
Eoen
New York Bank Clearing Hours Report Shows Reserve Dip
The weekly average condition of clearing banks and trust companies reveals a cash reserve drop of 6.1 million to 42,719,090. Loans climb 7.03 million to 2,128,026,000 while specie rises 3.14 million to 312,201,000. Deposits total 1,912,530,000 with circulation at 88,529,001. Aggregate cash reserve stands at 387,594,000, up 272,300.
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New York
PAZ
Toaving & Dettert
Incranes
Ncreane
Banka
vAnn
Giranter New York
Shelraring House
Decreaan
Crgane
Depuslia
Atlanta Bank Clearings for Week Ending August 22
Bank clearings in Atlanta show 1 448 471 for Saturday August 22, with a year earlier total of 1 448 471. The report notes a decrease for the Quy period and compares weekly totals to the same week last year, highlighting figures around 9 636 156 and 20 258 at Denremse for the week.
MENTIONED IN THIS ARTICLE
Atlanta Bank Clearings
Denremse
Fruit Market Notes From Atlanta and Chicago Run
Market letters from Atlanta report inactivity but wider fruit and vegetable variety, with prices listed for beans, cucumbers, onions, peaches, and melons. cabbage falls on heavy receipts while yellow Jersey sweet potatoes open Monday. Chicago and Kansas City show hog, cattle, and sheep receipts with varied prices, butter and eggs steady, and fruit prices covered for oranges, lemons, pineapples, and pears.
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Plucuiy 2
Atlanta
California
Concord
Delaware
Niagare
Chicago
Texas
Kansas City
Lamba
Jersey
Emeka
Minnesota
New York
Naval Stores Report From Savannah August
Turpentine receipts total 84 3470 with 45347 noted no sales. Resins receipts 1 085 with shipments over 10 226. A and B 28 50 C and H 83 55 6.00 window glass and Ny water white 6.
MENTIONED IN THIS ARTICLE
Racelpta
Status of cotton shows no change in early August
New York reports a steady cotton situation with trades shifting to December and delegates arriving from the Liverpool exchange. Observers await Washington conference results and the possibility of exchange reopening. May reflect beatish crop news, with good middling values noted at interior Texas points.
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New York
Washington
Liverpool Cotton Exchange
Hana
Interior
Texas Pointe
Sao Pepin
Rio No. 7
Banton No. d
Prices of Commodities At Record High Point
New York August 24 Bradstreet's reports that despite peacetime in the country, markets suffer dislocation from the European struggle. Commodity prices have surged to record highs amid fear of short supplies and disrupted imports. An August 15 index shows a record 9.3495, with textiles and naval stores declining while breadstuffs livestock provisions metals oils chemicals and others rise amid mixed global effects.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Financial summary of precious metals and exchange rates
New York August 22 reports Mereantite panar at 84 GT and sterling exchange quotes. Bar silver at 56 with a weekly exchange total of 935193.53 and a weekly balance of 64219.53. Large bar silver sales noted at 66 cents per ounce. Acure price tied to London close August 21 amid the European war outbreak. New York August 28 notes sugar holiday.
Advances in grain market lift wheat and corn prices
Chicago and other markets reported wartime demand lifting grain prices on August 22. Wheat surged to daily highs and closed near top gains. corn and oats followed with notable advances. Factors included anticipated export need and government plans, while weather limited corn's rise and exporters increased purchases. Provisions also showed gains with pork and rib prices climbing.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
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