Market Slump Follows Short Covering Rally In Stocks
Reactions in the stock market show a broad selloff after a recent short interest cover. Price declines appear across rail and utility issues with Union Pacific and Atchison Topeka and Santa Fe among noted movers. The Philadelphia Press cites Gould aims and internal politics affecting Union Pacific, with broader earnings and dividend considerations tied to market shifts.
Money Matters and Clearing House Returns in Boston
Boston markets report quiet money conditions with low rates for safe loans while bankers guard against failures by year end. Mercantile paper 5 to 6 percent, corporation paper 4.5 percent, call loans 3 to 4 percent. New York funds near par with small premiums or discounts. Clearing house weekly totals list New York, Boston, Philadelphia, Chicago and others with year over year comparisons.
MENTIONED IN THIS ARTICLE
Boston
Mercantile
New York
Clearing House
United States
Philadelphia
Chicago
St. Louis
San Francisco
Baltimore
Cincinnati
Pittsburg
Providence
Milwaukee
Inc
Louisville
Cleveland
Columbus
Hartford
Indianapolis
Momphis
Jme
New Haven
Portland
Peoria
Worcester
Springfield
Syracuse
Lowell
St. Joseph
New York Money Markets and Stocks Flutter Declines
New York on November 15 reports money rates near 1 1/2 percent on call, primes at 5 6 percent, and bar silver at 107 1/2. Foreign exchange steady with long at 450 4/4 and short at 484 4/4. Government and state bonds steady, railways firm. Stocks quiet and lower, with notable drops in Central Pacific and several rail issues, a late rally leaving markets steadier. Imports of specie for the week total $1,974,005. yearly imports $21,033,659. Week's stock sales 1,448,990, up 336,665 from prior period. weekly exports $200,500. Close noted at 199,700 shares traded.
MENTIONED IN THIS ARTICLE
New York
New England
Oregon
American Bell Telephone
Erie
Calumet
Hecla
Osceola
Franklin
Quincy
Consolidated Pacific
Amoskeag
Boott
Dwight
Merrimack
Naumkeag
Washington
Chicopee
Salmon Falls
Yale
Towne Lock
Atlantic
Atlas
Blackstone
Boylston
City
Commonwealth
Eliot
Exchange
Howard
Merchants
Shawmut
Tremont
Bunker Hill
Hamilton
Massachusetts
North America
Webster
Everett
Market
Rockland
Union
First National
Revere
Second National
Continental
Suffolk
Arlington
Utaide
Fall River
Congress
New York City
Milwaukee
Memphis
Lowell
Boston
Philadelphia
Chicago
St. Louis
San Francisco
Baltimore
Cincinnati
Pittsburg
Providence
Louisville
Detroit
Cleveland
Hartford
Indianapolis
New Haven
Portland
Peoria
Worcester
Springfield
Syracuse
St. Joseph
Money Caey
Prime mercantile _paper
Bar
Stock Exchange
New York Central
Central Pacific
Nortwestern
St. Paul
Louisville and Nashville
Northern Pacific
Pacific Mail
Union Pacific
Western Union
Texas Pacific Rios
Fort Worth
Houston
Texas Main Line
Minnesota
New Orleans
Rome
Watertown
Ogdensburg
Wabash
Pacific
Kansas Pacific
Lafayette
Bloomington
Muncie
New Auburn
VY O-Day
Bis
City Mills
Michigan
Toledo
iGie
Louis
Lsc
Seles
White State
Rye
Northern
Strong
Bright
Canada
Ontario crop reports show bountiful harvest across province
Ontario crop data describe excellent grain quality with heavy, plump yields. Wheat is largely defect free, oats yield strongly, and peas show a notable increase from last year. Barley underrains is discolored and mostly second grade. Fall wheat area slightly reduced. fruit trees healthy though apples below average. New import tax debate in France on corn. London wool sales listed. Dairy, eggs, and provisions markets noted with modest activity and steady prices.
MENTIONED IN THIS ARTICLE
Ontario
France
London
Budget Commission
Department of Aisne
Board of Managers
New York Cotton Exchange
New South Wales
Queensland
Port Phillip
New Zealand
Bradstreet’s
United States
Labor turn from wages to prices and tariffs debate
A long analysis argues that isolationist tariffs fail to protect labor or keep prices high as outside forces influence domestic markets. It cites coal strikes in Hocking valley and wage cuts at Andover furnaces, with broad trade, production costs, and supply demand factors shaping prices.
MENTIONED IN THIS ARTICLE
Andover
New York
Hocking Valley
Columbpus Board of Trade
Columibus
Valley
Whittenton Mills
Iis
Concord Manufacturing Company
West Concord
Robert Howard
Soward
Commercial Exchange
Financial crashes and insolvencies ripple through eight states
The week’s failures span the United Kingdom and United States with Spattali & Co of London collapsing for 2.5 million dollars. In Boston, Cold Blast Refrigerator Co. faces insolvency. assets include merchandise 4 522 35, cash 570 02, and receivables 2 013 72. Numerous debtors across Maine to Washington also fail or attach, amid litigation and receiver actions.
MENTIONED IN THIS ARTICLE
United Kingdom
Kemp’s Mercantile Gazette
England
Wales
Scotland
Ireland
Spattali & Co
London
Eng
Cold Blast Refrigerator Company
Faneuil Hall Square
Thompson
Joseph H. Phinney
Boston
James B. Stetson
John Clark
High Street
James Legg & Co
O. F. Chase
Randolph
Dedham
George H. Martin
Gloucester
Mann Brothers
Canners
Bathurst
Oscar W. Gray
Harnesses
Lincoln
Bonney & Quint
Topsam
Gorham
Winchenbach
General Merchandise
South Waldoboro
David Jacobs
Barton
James N. Mainwaring
Fish
Providence
K.I
W. O. Mason
Woonsocket
D. R. & C.F. Easton
Eatonville
Canard
N.S
Julien T. Davies
Grant & Ward
Supreme Court
James D. Fisk
Davies
John H. Morris
S. Gage & Co
Broadway
New York
Chas. A. Hess
Clement Hardt & Co
Water Street
New York City
Abel Cook
Sigmond Davidson
Maidteam Lane
Beree Point
N.J
Norman T. M.ellis
Grumme & Clippenstein
Elmira
N. Y
A. Romer
John A. Pemberton, Sr
Fayeteville
N. C
St. Louis
Cincinnati
Chicago
Louisville
Richmond
New Orleans
B.S. van Tillbury
General Merchandise and Grain
Tiro
Parkin File Company
Cleveland
E. B. Hammond
Lewis Jenkins
Dry Goods
Columbus
Henry Nienaber
Boots and Shoes
Wolff Bros
Norton, Brenk & Co
Grocers, Sedalia, Co
Stillwater
Minn
Northwestern Car and Manufacturing Company
A. B. Stickney
R. F. Hersey
Fr. A. Fogg
Wth
Brown
Charles Thiele
Hanover
Kan
Suffolk County Real Estate
Flagler Engineering Machine Co
Charles H. Capen
Same
Edward L. Chaffee
Sarah M. Tindley
Edmund A. Hyve
Dennis J. Leahy
Kitas Kamber
Eugene H. Mahoney
Winthrop
Also Mentioned on This Page
Boston Post
Finance and Trade
General Street
Treasury
Atchison, Topeka
Santa Fe
Atlantic and Pacific
Burlington and Quincy
Philadelphia Press
Gould
Union Pacific Railroad Company
Sidney Dillon
Fred L. Ames
Charles Francis Adams, Jr
Ames
Adams
U.P
Blaine
U. P
Mugwump
Mr. Adams
Road
Adamses
Thurman
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Maine
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Mexican Central
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Bowie Con
FAO
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Bioo Pee
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Webster National Bank
Essen
Amoskeas: Manufacturing Co
Ses
Scott Cotton Mills
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Carbia di Hvesneseslevecceces Eee
Merrimack Mfg
Boston and Maine Railroad
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No. 40
Ana
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Dania
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Boott Cotton Mill
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KM. Lk. Paw & C
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Si State Street
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