Paris bond rumors lift American stocks in early week trading
Rumors of American bonds being placed in Paris revived stock markets with expectations of formal announcements next week. No confirmation from bankers or railroad officials followed. Paris listing for United States Steel also floated as traders priced in possible large bond sales and a stronger foreign exchange mood despite mixed mercantile reports.
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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 The cotton oil market set new yearly highs as old crop options rallied and May deliveries remained sparse. July demand remains strong with buyers seeking control, while traders warn against wild price swings. Export demand lags though local lard and edible oils show firm activity. crude oil remains dull with nominal quotes.
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New York
Easarlier
Ofl
Europe
Harahan pessimistic say manufacturers
Ralph Emerson reports in New York that President Harahan of the Illinois Central harbors caution about U.S. political conditions delaying investor confidence. Meanwhile the American Manufacturers Association declares an ultra optimistic outlook as stock markets show dull but steady gains and banks report favorable statements and growing currency inflows.
MENTIONED IN THIS ARTICLE
Ralph Emerson
New York
Harahan
Illinois Central Railroad
Europe
United States
American Manufacturers’ Association
Turpentine and Rosin Prices in Savannah and Charleston
May 21 reports show Savannah firm at 60 1/4 to 60 1/2 cents for turpentine with rosin sales at 1 609, receipts 2 119, shipments 1 426 and stocks 42 221. In Charleston similar figures appear with turpentine at 60 1/4 cents and rosin lines noting varied prices and loads across firms and units.
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Naval
Savannah
Charleston
Grain Decline Amid Perfect Weather Lifts Bear Sentiment
Chicago May 21 Practically perfect weather across wheat growing regions and weak European price prospects shift sentiment to bear. Wheat closes down about 1 percent with June and September contracts near day’s lows. Corn and provisions slide on fine crop prospects and post-planting movements, with large receipts and heavy May deliveries weighing on futures.
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Chicago
Shorts
Illinois
Oklahoma
Texas
Kansas
India
United Provinces
Grain and Livestock Market Slump Amid Bearish Wheat Tones
The market shows weakness in oats and wheat with September at 88 to 38 percent and land at 38 percent. provisions fall due to grain weakness. Pork down 20 to 27 percent, ribs down 74 to 10 cents. car lots show 82 wheat cars, 90 corn cars, 174 oats cars, with total receipts at Chicago Minneapolis and Duluth at 237 cars. Primary receipts reach 327,000 bushels versus 203,000 last year. Estimated Monday arrivals project 64 wheat cars, 118 corn cars, 172 oats cars, and hogs at 35,000 head.
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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
Minneapolis
Duluth
New York Clearing Banks Show Larger Cash Reserves
The weekly statement indicates banks hold 23.82 million more than the 25 percent reserve rule, up 6.72 million from last week. Loans dip, deposits rise, circulation falls, and specie and reserve totals climb, with the overall reserve surplus strengthening to about 25.21 million.
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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 reports a decline in cotton movement for the week ending May 20 compared with the prior year and the 1907 period. totals for 262 days of the season lag behind last year, year before last, and 1907. receipts at all US ports and northern mills' takings also show declines.
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New Orleans
Hester
United States
Missisippi
Ohio
Potomac
Northern Mills
Canada
Southern Mills
American Mills
North
South
Cotton stock and world supply figures in Atlanta report
Seventeen iyetlapehenage men arene ne Pr. HL Brewster Silvert Howell Jr Hugh M Dorsey and thur Heyman information and long distance telephones. The season totals show 3,885,068 bales against 4,557,136 last year with 1,895,840 by northern spinners. Seaboard stocks and 29 southern centers fell 67,532 bales. last season’s decrease was 106,938. Global visible supply declined this week by 107,616 to 3,243,641 with American cotton at 2,054,641 and all other kinds at 1,105,000. Britain and Europe hold 1,649,000 afloat and held, India has 749,000, and the United States 741,006.
MENTIONED IN THIS ARTICLE
HL Brewster
Silvert Howell
Hugh M Dorsey
Thur Heyman
Dorsey
Brewster
Howell
Heyman
Itate -at-La
Atlanta
Canada
Seaboard
Hester
Orleana
Brazil
India
Great Britain
Europe
United States
Taking of American Cotton by Spinners Worldwide
Hester outlines global cotton consumption by spinners in round figures. This week 192000 bases. this year 9216000 versus 16784000 last year and 9728000 the year before. Northern spinners and Canada 1896000 this year. southern spinners 1989000. foreign spinners 6330000.
MENTIONED IN THIS ARTICLE
New Orleans
Hester
Canada
Metals Market Report and Cotton Outlook May 21
New York metal markets showed little movement with copper and iron largely steady while lead held firm. Argo Jester Co notes firm and active markets in cotton due to weather fears, predicting possible Liverpool gains and bullish weekly figures, yet warns against overextended long positions ahead of the June government report.
MENTIONED IN THIS ARTICLE
New York
Argo, Jester & Co
Liverpool
Foreign Finances and Market Reports from May Abroad
Paris and Berlin exchange rates listed with francs and marks for checks and private discounts. Shipments of flour wheat corn oats and molasses totalled thousands. receipts show oats corn and other commodities. New York sugar markets quoted for various grades. molasses steady. New Orleans kettle opening price noted.
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Paris
London
Berlin
New York
New Orleans
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K. L. Laroe & L. Lard
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Standard Oil
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Hester’s Weekly Cotton Statement
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Atlanta Hardwood Company
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