Reading and Erie Stocks Dominate Wall Street Rally
Reading jumped to a new high amid heavy volume and late strength in Erie. The market saw broad activity with Reading and Erie driving gains while other majors cooled. Analysts cited pool buying, dividend rumors, and Morgan-era reorganizations as underlying factors shaping today’s session.
Gossip of the Street Sees Wall Street Bull Run Despite Pressure
Market watchers report a sharp intraday swing led by Erie and Reading with gains and later declines as professionals maneuver to unload other holdings. Bulls expect further gains in Reading, Erie, Lackawanna, Jersey Central, and Delaware & Hudson. Copper shares like Mohawk and Rhode Island also advance while Massachusetts Gas and American Woolen retreat.
MENTIONED IN THIS ARTICLE
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Ry Am Sugar Refining Seeee
Loli Anaconda Mining Co
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Wee Ee
del, Lack & West
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Ani
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One
Agit
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Chicago grain quotations show modest wheat lift on Liverpool rise
Ennis and Stoppani report a small daily advance in wheat aided by local buying amid Liverpool’s move. September futures firm but unsettled as traders await completion of equi dation. Corn and oats hold steady despite large receipts and quiet trading with few standout moves.
MENTIONED IN THIS ARTICLE
Ennis & Stoppani
Chienco Board of Trade
State Mutual
Prev.c. Open
Daih. Kom Close
Chicago
Liverpool
Dividends Declared by Several Firms
Consolidated Mercur Company pays quarterly dividends of 21 2 cents per share with date September 6. Minneapolis, St. Paul and Sault Ste. Marie Railway Company declares semi annual dividends of 2 per cent on common and 31 2 per cent on preferred with date October 16. United States Leather Company pays quarterly dividends of 11 2 per cent on preferred.
MENTIONED IN THIS ARTICLE
Consolidated Mercur Company
Minneapolis, St. Paul & Sault Ste. Marie Railway Company
United States Leather Company
The Boston Market Ex-Dividend and Rights Summary
The Boston Market reports ex-dividend and ex-rights status with second instalment and assessment paid. Total sales include listed stocks 87 848 shares bonds 18500 unlisted stocks 6180 shares and rights 1753.
MENTIONED IN THIS ARTICLE
dEx
Japanese Railway Delegation Arrives in Chicago
Six representatives of Japan's imperial railway system arrived in Chicago and then left for New York to study American locomotives and buy railway supplies. Toki Oyata said Japan planned to spend over 30 million dollars on railway supplies, mostly sourced from the United States and England.
MENTIONED IN THIS ARTICLE
Chicago
Imperial Railway System of Japan
New York
Great Lakes
Toki Oyata
Japan
United States
England
New York Bonds Close Mixed Amid Market Shifts
Closing bond prices in New York show a diverse mix with gains and declines across U S and select corporate issues. Notable entries include Mex OC 4s at 79 percent, US 8s reg at 108 percent, and Am Tob 48s at 76 percent, reflecting broad activity from Aug 22 compared with Aug 21.
MENTIONED IN THIS ARTICLE
K&t
N.r
Nor Pac
Sea A L
B&q
Tex & P
C,ri&p
T.sl&w
Cuba
W&le
Soo Line Declares 4 Percent Dividend in Advance
Soo Line directors met early and declared the regular annual four percent dividend on common stock payable October 15. The line shows a surplus of 2,063,415 with part set for improvements. Canadian Pacific owns 21 percent of Soo Line stock.
MENTIONED IN THIS ARTICLE
Minneapolis
Minn
Soo Line
Canadian Pacific
Grand Trunk to absorb Milwaukee Grand Haven Ferry
Negotiations near completion transfer controlling interest in Grand Trunk Car Ferry to Grand Trunk Railway of Canada. The Milwaukee to Grand Haven vessel service is affected by the deal.
MENTIONED IN THIS ARTICLE
Milwaukee
Grand Trunk Car Ferry Company
Grand Trunk Railway Company of Canada
Grand Haven
Mich
Governor Douglas Celebrates 60th At Buzzards Bay
Governor William L. Douglas turned 60 yesterday while fishing on Buzzard s Bay for blue fish. He planned to bring back a 60 pound bouncer and will join the crowd at the State House today.
MENTIONED IN THIS ARTICLE
William L. Douglas
Buzzard’s Bay
State House
Dry goods market sees large buyers and rising prices
The New York dry goods market was populated by many buyers including retailers and jobbers. Prices remained firm and trended upward as of August 22.
MENTIONED IN THIS ARTICLE
New York
Evangelist Denied Bath Due to Color at Springfield Y M C A
Elder Paul Hill of New Haven, a colored evangelist, was refused a bath at the railroad Y M C A in Springfield. He says a staffer said baths were not being given that day and later that color was the reason. Assistant secretary W H Strewbridge defended the branch policy.
MENTIONED IN THIS ARTICLE
Springfield
Paul Hill
New Haven
Hill
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