Cotton market ends week with little change in New Orleans
In New Orleans the week closed with little net change in cotton prices. July up 22, August up 5, new crop months up 16 points. Market quiet, influenced by the government condition report showing 80.7 percent of normal and expectations unmet, with funds taking profits after initial gains.
MENTIONED IN THIS ARTICLE
New Orleans
Bureau
Liverpool
Department of Agriculture
Exchanges Closed Until Next Tuesday Bank Statement
New York July 2 The weekly clearing house banks statement shows totals and changes with loans deposits circulation legal tenders reserve and surplus. Notable shifts include a rise in loans and deposits, a large drop in specie and legal tenders, and a reduced actual reserve compared with prior week.
MENTIONED IN THIS ARTICLE
New York
United States
Banks and Trust
Greater New York
Associated Banks
New York City
Greater
Joana
Foreign Finances Berlin Bank Statement Shows Mixed Shifts
The Imperial Bank of Germany reports cash in hand fell by 155.944 million marks while loans rose 190.010 million. Discounts increased 259.86 million. Treasury bills up 9.77 million. Deposits grew 6.205 million. gold on hand declined 126.821 million marks.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Geramany
Bilia
Treasury Statement Shows Coin Holdings and Balances
Washington July 2 The condition of the treasury at the beginning of a business day was as follows Trust funds Gold coin 863 085 865 silver dollars 9485 611 000 silver dollars of 1890 3 6¢6 001 silver certificates outstanding 489 611 000 General fund Standard silver dollars In general fund 2 588 R62 current facilities 86 498 128 working balance in treasury offices 36 300 664 In thanks to credit of treasurer of the United States 43 074 811 subsidiary silver coin 20 081 048 walner coin 907 848 toma Salas in general fund 99 879
MENTIONED IN THIS ARTICLE
Treas
Washington
Treasury
United States
Walner
Toma Salas
General Fund
American securities open higher in London trade amid Taft interview
London reports fractional gains in American securities on the open, aided by President Taft's discussion with Interstate Commerce Commission Chairman Knapp on railroad rate law. Continental and local closing firm, with prices up from yesterday in New York. Dry goods markets quiet due to holiday. cotton goods steady with demand for spring lines. Rural poverty debate cited, emphasizing country social contact and cooperative phone lines as vital to economic improvement. In Scotland mining sustains 481 coal mines employing 126,298 workers, with 500,000 dependent on mining.
MENTIONED IN THIS ARTICLE
London
American Securities
The
Stock Exchange
Taft
Knapp
Interstate Commerce Commission
Continental and
Local
New York
Chicago University
Wisconsin
Farmer Jones
Cooperative Company
Clarence Pee
Raleigh
N. C
Garett
Beotland
Rate Question Main Bugaboo in Stocks
By Asiph Emerson New York July 3 Special There is speculation on the tone of the Black market when it opens Tuesday A recovery yesterday from a tremendous slump shows some major Wall Street interests lend influence to bolster the market A Chicago report says railroad presidents and manufacturing representatives plan rate reductions The rate question dominates the outlook with wage difficulties in the south crops and interstate commission mediating between western railroads and manufacturers and between southern railroads and employees Weather remains favorable for crops Judge Gary an optimistic note on prosperity Rhetoric on rate making reflects cautious actions by the commission and bond and currency markets show mixed but healthy conditions Copper exports rise and former Senator Clark foresees a copper boom National Railways of Mexico declares a small dividend Several rail lines report rising earnings and optimism pervades the railroad field The steel sector shows summer lull with mills shutting down while rail traffic conditions ease the overall tone remains steady
MENTIONED IN THIS ARTICLE
Asiph Emerson
New York
Samason
Thurada
Wall Streat
Chicago
Southern
Commission
Southern Railway
Beaboard Air Line
Gary
Roh Gary
Arane
Chatrmah
United States Steel Corporation
West
Interior Institutiionk
United States
W. A Clark
Montana
National Railways of
Mexico
Chesapeake and Ohio
Missouriiansas
Texas
Clover Leaf
Alton
Atchison Durine
Lincis Central
Éatral
Kansas City Southern
Western Pacific
Iin
Une
July cotton seed oil attracts growing attention
New York July 2 Special There was notable activity in the cotton seed oil market last week with trading confined to professionals. Old crop deliveries remained steady while prices edged higher on strong support from bullish interests. The July delivery drew more attention as scarcity in supplies supported a rebound after brief selling. October and December trades proved especially attractive for speculative in and out moves. Export inquiries for new crop oils rose but actual business remained light. Olives in Spain showed worse crop prospects, but locally market conditions firmed, making spot purchases difficult below Seville parity.
MENTIONED IN THIS ARTICLE
Longs
Shapa
England
Department of Agriculture
Eustern
Aouth
New York
Jending Bull
Refern
Cotton Belt
Bauges
Barriala
Spain
Dombra
Seville
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Ata
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Beaver St
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Lo Myers
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Deer
Ori
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Maz
Wari Seer
Propa Ieigh
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Thomas B. Paine & Company
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Tenn
Albemarle
J. B. McCrary Co
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F. W. Lafrentz
Theo, Cocheu, Jr
Levy
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WEW
Waldorf-Astoris
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Gresham Street Bank
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Candler Building
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Warren County
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Ackerman
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Gaffney
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Empire Life Building
Noeowspap