Frisco Scandal Grows Worse With Time
An echoing critique of railroad finance targets the St. Louis San Francisco line and its receivership. The piece argues for Interstate Commerce Commission oversight extended to bankrupt railroads, cites investor protection needs, and notes French bankers profited as Frisco bonds shifted in Paris and New York amid looming disaster.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commision
B. F. Yoakum
Frisco Road
Carninas
Paris
Cotton market shows July strength amid bearish tone
New York reports July gains as buyers including Cone Schill and Waters push options. Sellers Hentz Myers Montgomery and others push back. Overall sentiment bearish with dull outside business and no near term rise expected. Weather outlook favorable with scattered rains and potential crop risk if showers lag. Texas, Arkansas and New Orleans weather notes emphasize need for rains.
MENTIONED IN THIS ARTICLE
New York
Cone, Schill and Waters
Mar&Sh
Hentz, Myers and Montgomery
Weather Outlook For Great Lakes And Southeast
Washington reports showers in the Great Lakes and Ohio Valley with generally fair weather east of the Mississippi River tonight and Friday. Temperatures rise in the Great Lakes and Ohio Valley, little change elsewhere. Georgia expects fair to night and Friday, South Carolina Alabama and Mississippi fair to night and Friday, Virginia and North Carolina fair to night and Friday, Florida local showers, Louisiana and Texas fair to night and Friday.
MENTIONED IN THIS ARTICLE
Washington
Great Lakes
Ohio Valley
Missisippi River
Atlantic
East Gulf States
Georgia
South Carolina
Alabama
Virginia
North Carolina
Florida
Louisiana
Texas
Miller Carter Cotton Letter from Memphis
The July cotton market shows steady support as spot houses act on manipulation fears. Crop news is excellent, Texas drought reports are unfounded, and showers are expected in Central and Western states. European spinners show interest at 6d, a move likely to be fulfilled soon.
MENTIONED IN THIS ARTICLE
Memphis
Texas
Liverpool
Cotton seed oil market steadies amid firm lard ties
The New York market seeems steady as lard and cotton firm, with professional trading in light volume. July offers appear above market at select points, while quotations show slight shifts across months from June to January with sales totaling 1.6 barrels.
MENTIONED IN THIS ARTICLE
New York
Closii I Sonst
Wheat in Kansas Crops Damaged by Heat and Pests
A Chicago bulletin from June 5 reports maturing wheat in McPherson and west areas of Kansas largely in good shape with only small heat and insect damage. Rainfall since May 21 has benefited portions of the state, though half remain far below May normals.
MENTIONED IN THIS ARTICLE
Chicago
Topeka
Kansas
McPherson
Squeeze in July Greates Thrills
Amid wild trading, July futures surged as bulls triggered a squeeze on last hour. prices jumped from 11.47 to 11.79, then closed at 11.73 11.75 with a 26 point gain from night prior. Offerings were scarce, and spots rose about 20 points. forecasts cite hot Texas and Oklahoma weather and lower government credibility on figures.
MENTIONED IN THIS ARTICLE
New York
Shorts
Bulls
Texas
Oklahoma
Liverpool
Ocean Freight Room
Georgia
San Antonio
New Orleans
Galveston
Liverpool Cotton Market Shows Mixed Day on June 5
Liverpool cotton opens steady to higher on rumors of hot Texas winds. By 12 15 p m prices climb 3 30 points then retreat slightly. Spot cotton steady at advanced prices with American bales in demand. Futures open steady and close barely steady amid irregular price moves.
MENTIONED IN THIS ARTICLE
Liverpool
Texas
Browne, Brakeford & Co
New Orleans Cotton Letter Signals Market Rally
Hayward and Clark report bleak international and domestic outlooks with consols off but weather improving in most regions. London Bulgaria cabinet shift dampens peace hopes while Texas rain, cooler Western states, and scattered showers affect Arkansas Oklahoma Alabama and the Atlantic coast. Market opened little changed but sellers scarce as a rally beyond five points follows. Sources cite Georgia disputing state condition reports and government Texas temperature averages at 92.
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Hayward & Clark
New Orleans
London
Bulgaria
Texas
Oklahoma
Arkansas
Alabama
Atlantics
Tennessee
Louisiana
Mississippi
Liverpool
Low Bureau
New York
Georgia
Regional Cotton Prices Amid Varied Activity Across Cities
Atlanta and New York show quiet to steady middling markets with slight price ranges. Savannah and Augusta hold Middling 12c while New Orleans remains mid-range 12.7. Boston Liverpool Charleston and others display mixed steady or nominal values with various fractional cents, reflecting uneven demand across the Delta and East Coast markets.
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Atlanta
Athens
Macon
New Orleans
New York
Philadelphia
Boston
Liverpool
Savannah
Augusta
Norfolk
Mobile
Galveston
Harleston
Wilmington
Little Rock
Baltimore
Memphis
St. Louis
Houston
Louisville
Crop market chatter from brokers and traders
Finley Barrett Co sells new crop and rallies, Thompson Towle Co advises purchases on all declines as best policy for now, Linn Co notes no clear movement in sight and expects a decisive move either way.
Stocks Open With Heavy Selling Then Partial Rally
New York June 5 heavy selling sparked a sharp market break at the open. After about 30 minutes a rally developed, letting several major issues recover some ground. Chesapeake and Ohio fell to 60, lowest in four years, while Great Northern slid to 121 1/2, lowest since 1910. Northern Pacific dropped to 108 7/8, a two year low. United States Steel opened at 54 1/2, then recovered to 55. London and Paris sent selling orders. domestic buying steadied trading outside New York. Several stocks rallied including Amer.com Copper Union Pacific Reading Erie St Paul and Canadian Pacific. the latter regained all losses. The curb market remained heavy. London saw liquidation, while Harrimans were supported. Canada Pacific rose to 217 3/4. By noon, several declines persisted – Chesapeake and Ohio at 59 1/2, Amalgamated Copper and American Smelting among others. The day closed steady. government bonds dull. Money on call 2 1/2, time money 4 1/2 with various rates. sterling at 4.87, mercantile paper unchanged. Receipts listed for sheep and lambs.
MENTIONED IN THIS ARTICLE
Co. W. Storm
New York
Chesapake
Ohio
Sip Wiey
Edwin Hawley
Great Northern
Northern Pacific
United States Steel
London
Paris
Union Pacific
Southern Pacific
Republic Iron and Steel
New York Central
Louisville and Nashville
Lehigh Valley
General Electric
Erie
St. Paul
Canadian Pacific
American Can
Amapamates Copper
Union, Pacific
Reading
St Paul
Harrimans
Pennsylvania, Steel
Chesapeake and Ohio
American Smelting
Steel
Louisville
Nashville
Wheat and Corn Prices Weaken as Markets Open
Chicago cash quotations show scattered showers and rains improving crop prospects. Wheat No 2 red 99 1 4 to 104, No 2 hard winter 2093 percent, corn No 2 59 1 2 60, oats No 2 39 1 2 41, with overall early selling and some strength reversal.
MENTIONED IN THIS ARTICLE
Chicago
ST. Louis
Grain Market Reports From Liverpool St Louis and Chicago
Receipts and price reports for Thursday and estimates for Friday cover wheat corn and oats from Liverpool St Louis and Chicago. Cash grain prices list No 2 red wheat No 2 yellow corn various wheat and corn grades and futures commentary noting a bearish tilt and cautious trading patterns amid rains and market dips.
Live Stock Market Roundup From Chicago and St Louis
June 5 reports show hogs at Chicago with receipts 30 000 and prices 5c lower. mixed and butchers 8 55, light pigs 6 50 to 8 15, bulk 8 40 45. Cattle 4 500 receipts steady with beef steers up to 8 75 and calves to 11 00. Texans 6 50 to 7 70. Sheep 14 000 receipts weak 10c lower. natives 4 85 to 5 75, lambs 5 75 to 8 40. St Louis cattle 4 000 receipts steady. beef steers 5 75 to 8 75, cows 4 80 to 8 50, stockers 5 25 to 7 50, calves 6 00 to 11 00. hogs 4 500 receipts 5c lower with mixed 8 49 to 8 50, good 8 50 to 8 55, rough 8 19 to 8 25, lights 8 59 to 8 69, pigs 7 25 to 8 25.
MENTIONED IN THIS ARTICLE
Chicago
ST. Louis
Texas
Postell
Omega
Carter
Gloria
Victory
New York
Georgia
Tennessee
Timothy Cholce
Bermuda
Purina
P. W
Brown
Victory Horse
Atlanta Market Prices Froots and Produce Summary
Atlanta market notes show butter Jersey blocks at 30 cents per pound, select poultry with hens at 16 to 17 cents, live fowl roosters 30 to 35 cents, turkeys priced for fattening. Fruit and vegetables list lemons 5.50 to 6.00, bananas 3 cents per pound, tomatoes six-basket crates 3.00 to 3.50, pineapples 2.50 to 2.75 per crate, and various fish and grains with quoted prices across flour, coffee, salt, and oats.
MENTIONED IN THIS ARTICLE
Jersey
Virginia
Provision Market Prices From White Provision Co
Cornfield hams 10 to 12 pounds average 184c per pound. Hams 12 to 14 pounds average 18%c. Skinned hams 16 to 18 pounds average 19c. Pickled pigs feet 10 pound kits 1 25. Jellied meat in 10 pound dinner pail 124%c. Picnic hams 6 to 8 pounds average 13c. Breakfast bacon 24c. Style bacon wide or narrow. Fresh pork sausage 25 pound bucket 12%c. Bologna sausage 25 pound boxes 10c. Pure lard tierce basis 12%c. Frankfurters 10 pound boxes 2c.
MENTIONED IN THIS ARTICLE
White Provision Co
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