Paris Bond Sales Rumors Drive U.S. Stocks Higher
Rumors of American bonds placed in Paris buoyed stocks in New York on May 21. Traders expect official confirmation early next week, while bankers and rail officials offered no comment. The market also hears talk of United States Steel listing in Paris, with bond sale estimates rising but foreign exchange little changed.
MENTIONED IN THIS ARTICLE
New York
Paris
United States Steel
London
Texas
American Railway Association
United States
Hank
Erie Railroad
Erie
Chicago
St. Paul
Chesapeake and Ohio Railroad
Hawkey Hnks
United States Steel Corporation
Wall Street
Hawley
Texas Central Railway
Waco
Miasoori
Kansas
Western Railroad
Union Pacific
Lewisville
Nashville
Chesapeake and Ohio
Mis
Gradual Advance in Prices of Cotton Oil
New York May 21. Special. Old crop options surged to 8 cents inside 30 days with bullish sentiment and large refiners seeking control of May and July positions. July buying remains steady as premiums for old options keep new oil less attractive. Last Tuesday 9,600 barrels traded at 7.49 to 7.53, while lard and cooking oils show firm demand. Export trade lags. European purchases scarce despite exhausted stocks. Crude oil dull with nominal bids from 24 to 64 cents.
MENTIONED IN THIS ARTICLE
Fidelity Fruit and Produce Company
North Broad Street
New York
California
Malaga
Florida
Georgia
St. Louis
Kansas City
Pennsylvania
Hennery
Oglesny Grocery Co
Atlanta
Old Virginia
Chicago
East Track
Inter
Easarlier
Ofl
Europe
Souri Pacific
Seaboard Air Line
Harahan pessimistic say manufacturers optimistic
Ralph Emerson reports President Harahan of the Illinois Central cautions on the U S political and financial outlook while American Manufacturers Association delegates in New York predict brighter times. The stock market shows dull trading but general strength with bank statements favorable and a housing of wage settlements at Erie.
MENTIONED IN THIS ARTICLE
Ralph Emerson
New York
Harahan
Illinois Central Railroad
Europe
United States
American Manufacturers’ Association
Turpentine and Rosin Prices Reported for Savannah and Charleston
Naval Stores markets in Savannah and Charleston on May 21 show turpentine holding around 6 0 1 4c and rosin activity with varied quotes. Receipts and stocks across firms indicate steady demand, with multiple grades and prices listed for quick reference by buyers and brokers.
MENTIONED IN THIS ARTICLE
Naval
Savannah
Charleston
Grain Takes Tumble on Good Weather Conditions
Chicago May 21 Weather across wheat growing regions eased sentiment to bear. Wheat futures closed down about 1 percent with tight push from short covering and buying by commissions. Corn and other grains weakened on fine growing weather and large post-planting movements, with September trading near 60 to 61 percent.
MENTIONED IN THIS ARTICLE
Chicago
Shorts
Illinois
Oklahoma
Texas
Kansas
India
United Provinces
Grain Market Summary From Chicago Wheat Slips and Hog Prices Fall
Wheat prices eased with September trading from 88 to 38 percent, land closing at 38 percent amid broad grain weakness. Provisions declined due to grain pressure. pork dropped 20.27 cents, ribs down 10 cents. Carlot receipts reported wheat 82 cars, corn 90, oats 174 with mixed contract grades. Total clearances equaled 17,000 bushels. primary receipts 327,000 bushels. Monday forecasts show wheat 64 cars, corn 118, oats 172, hogs 35,000 head.
MENTIONED IN THIS ARTICLE
Chicago
Minneapolis
Duluth
New York Banks Show Higher Reserves and Deposits
Clearing house banks report a 27.16 percent reserve, with total reserves up 8.59 million and surplus at 23.83 million. Loans decreased 312,760 while deposits rose 7,473,100. circulation fell 15,700 and gold and specie increased 6.51 million. Public and private banks in Greater New York add detail, including a 13.67 million loan uptick and a 8.99 million cash gain from interior receipts.
MENTIONED IN THIS ARTICLE
New York
United States
Clearing House
Greater New York
Greater
New York Clearing House
Hester's Weekly Cotton Statement Shows Decrease in Movement
New Orleans May 21 Secretary Hester's weekly cotton statement shows a decline in movement into sight for the seven days ended May 20, with totals down versus last year and the previous two years. For the 262 days of the season, receipts at ports and inland totals lag behind last year and 1907, while foreign exports and northern mills' takings also show reductions. The report covers accumulative season totals, regional receipts, and interregional shipments across the United States and Canada.
MENTIONED IN THIS ARTICLE
New Orleans
Hester
United States
Missisippi
Ohio
Potomac
Northern Mills
Canada
Southern Mills
American Mills
North
South
Seinen iyetlapehenage and cotton stock report details
Notes list long names and offices, then stock declines in southern centers, with Seaboard movements and a detailed Hester world visible supply. Cotton supply figures compare this season to last year and to 1909, with global distribution across Great Britain Europe India and the United States.
Taking of American Cotton by Spinners
Hester reports global cotton intake by spinners in round numbers. This week 192000. this year 9216000 against 16784000 last year and 9728000 the year before. Northern spinners and Canada took 1896000 bases this year versus 2495000 last year and 1561690 the year before. Southern spinners 1989000 versus 2062000 last year and 1901600 the year before. Foreign spinners 6330000, vs 622706 last year and 6266000 the year before.
MENTIONED IN THIS ARTICLE
New Orleans
Hester
Canada
Metals Markets Steady Amid Absence of Exchanges
New York May 21 metals markets were nominal with metal prices showing little change. Copper and lead held steady with slight shifts noted in spot quotes while iron remained unchanged. Argo Jester Co reports a firmer market on cotton futures due to forecasted wet cooler weather and looming government June report.
MENTIONED IN THIS ARTICLE
New York
Argo, Jester & Co
Liverpool
Foreign Finances and Market Snippets May 21 Paris Berlin New York
Paris and Berlin report closing and exchange rates with London checks, and large shipment figures for flour wheat corn oats and molasses. New York notes raw sugar types and molasses markets while New Orleans reports open kettle prices.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin
New York
New Orleans
Also Mentioned on This Page
Manchester
Liverpool Exchange
Cotton Exchange
Winchester
K. L. Laroe & L. Lard
Louis
Combine
Steel Corporation
Gary
Pittsburg
Standard Oil
SoRnen Wuirenacs Ano Wirenene
Hester’s Weekly Cotton Statement
Cincinnati
Atlanta Hardwood Company
Peachtree Inn
Peachtree ST
Robert D. Edwards
Chichester
Chichester & Diamond
Best
Alwaya
Soinry
Jacobs’ Pharmacy
HL Brewster
Silvert Howell
Hugh M Dorsey
Thur Heyman
Dorsey
Brewster
Howell
Heyman
Itate -at-La
Seaboard
Orleana
Brazil
Great Britain
Esides
Atlanta National Bank
Dat
Brooklyn
Providence
Pacific Coast
Amsterdam
Arthur Barr
Goldman Comedy
Florence Smith
Motion Pictures
Keith
James Young
Lasky
Imperial Musicians
Lotta Gladstone
Cotter & Boulden
Angelo
Chas. Olcott
van Hoven
Dippy
Airdome
Conners & Conners
Ruth Lavant
Battling Nelson
Wolgast Grand Opera House
Cate
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