Stocks Advance in Price Under Covering Movement
Stocks rallied as shorts covered sending leading issues higher in New York on August 29. Southern Pacific reached a new high while Union Pacific traded above prior peaks amid a broad Harriman influence. Reading Company reported lower net business, along with a mixed bank statement and modest rise in cash reserves. London activity showed brisk dealings in U.S. securities with total bond sales around 2 1/10 million dollars.
MENTIONED IN THIS ARTICLE
New York
Shorts
Southern Pacific Common
Union Pacific
Harrimans
Reading
Harriman-Gould
Reading Company
Coal Company
Canadian Pacific
Financial Chronicle
London
Stock market notes and bond issue approval reported
London modest gains in weekend trade. Union Pacific to hold October 13 meeting to ratify a $50 million bond issue. Ex congressman Littlefield of Maine gets appointment with A O Brown & Co. Preliminary bank statement shows roughly $6 million gain.
MENTIONED IN THIS ARTICLE
Union Pacific Stockholders Meeting
Littlefield
Maine
Messrs
A. O. Brown & Co
Market shows strong undertone with steel gains and bond demand
Traders renewed operations to depress prices but covering orders pushed stocks up toward the day’s high. Steel preferred hit a new yearly high on promises of rapid industry and transport improvement, while high grade bonds remained in strong demand as investors show ample liquidity.
MENTIONED IN THIS ARTICLE
H. M. Beazell
Page & Hill
Bears
Roberts, Hall & Criss
Special Dispatch
New York
Mining Stocks Mix: Prices Reported in Boston Session
In Boston the market shows diverse quotes for mining shares with varied percentages. Notable values include Calumet and Hecla at 670, United States Mining at 424, Nevada at 16, Green Cananea at 14, North Butte at 884, and Granite others trading in single to mid double digits.
Coffee futures open steady with mixed aftertaste
Coffee futures in New York opened steady with slight declines, then firmed marginally as near month buying supported by locals and shorts. Market closed steady to 5 points higher to 5 points lower. total 32 500 bags traded with September to December bids from 5.55 to 5.60 cents and spot market quiet for Rio, Santos, and Cordova grades.
MENTIONED IN THIS ARTICLE
New York
Rio
Santos No
Cordova
Manchester Cloth Market Shows Sluggish Demand Amid Cotton Decline
In Manchester on August 29 business on the cloth market remained restricted as cotton prices fell. India bought small shirtings, China did little, and South American buyers took usual lines. Yarns dropped 4d, stockpiles grow while spindle stoppages may ease the squeeze.
MENTIONED IN THIS ARTICLE
Manchester
India
China
Money and Bond Quotes From New York and Boston
New York on August 29 reports money on call no loans. time loans sixty days 1 2 percent and ninety days 2 percent. six months 3 4 percent. Sterling exchange steady with bankers bills at 484 25 to 484 35 for sixty days and 485 80 to 485 85 for demand. Bar silver 51 3 4 cents. Mexican dollars 45 percent. Government bonds steady. railroad bonds irregular. Boston on August 29 reports call loans 1 1 4 percent. time loans 3 4 percent. Bond quotes include Atchison adjustable 48 91 1 2 percent, does 98 percent. Railroads: Atchison 91 percent, do pref 94 percent, Boston & Albany 215, Boston & Maine 127 asked, Boston Elevated 135 asked, Fitchburg pref 125 bid, New York New Haven & Hartford 142, Union Pacific 163 percent. Miscellaneous: American Arg. Chemical 25, do pref 93, American Pneumatic Tube 54, American Sugar 1 36, do pref 128, American Tel and Tel 126 bid, American Woolen 24, do pref 92, Dominion Iron and Steel 15 1 2 percent asked, Edison Electric Illuminating 225, Massachusetts Electric 9 4 percent, do pref 47, Massachusetts Gas 55, United Fruit 132, United Shoe Machine 56, do pref 28, United States Steel 47, do pref 111 percent.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Boston
Atchison Adjustable
Atchison
Boston & Albany
Boston & Maine
Boston Elevated
Fitchburg
N. Y
Union Pacific
American Arge. Chemical
American Pneumatic Tube
American Sugar
American Tel
Tel
American Woolen
Dominion Iron and Steel
Edison Electric Illuminating
Massachusetts Electric
Massachusetts Gas
United Fruit
United Shoe Machine
United States Steel
Clearing House banks show reserve surplus rises again
New York clearing houses report a reserve surplus of 66 358 975 over required 25 percent, up 2 201 000 from last week. Loans, deposits, circulation, legal tenders, and reserves all increased, while ex United States deposits rose 2 209 305.
MENTIONED IN THIS ARTICLE
New York
United States
Clearing House
Greater New York
Fresh Eggs and Dairy Prices Across Markets
Reports from Kansas City Chicago and New York show eggs firm at 22c for fresh extras and 16%c for current receipts. Butter and cheese steady with varied receipts. poultry prices mix with alive birds steady and dressed options firm in parts of the market.
MENTIONED IN THIS ARTICLE
Kansas City
Chicago
Springs
New York
Wool Prices Report From St. Louis Market
Wool prices in St. Louis on Aug 29 show steady trends with medium combing and clothing at 19 to 20 cents, light fine at 16 1 6 cents, heavy fine 11 to 12 cents, and tub washed 20 to 27 cents.
MENTIONED IN THIS ARTICLE
ST. Louis
Cotton seed oil price report from New Orleans
New Orleans August 29 price report shows cotton seed oil at 34 cents for prime grade.
MENTIONED IN THIS ARTICLE
New Orleans
Prime
New York Bond Sales Report From W E Horton Co and Banks
Bond totals shown across U S rail and utility issues with values in thousands. Listings include Atchison Topeka Interboro and Western Pacific issues with yields around 68 to 101 percent, reflecting trading activity in railroad and western company bonds during the period.
Market Reports Steady Overseas and Quiet Berlin Paris Bourses
Foreign bourses show steady tone with rails and Grand Trunk gains amid a revenue swing. American markets display irregularity tied to Wall Street. Atchison and low priced issues rise on late coverings. Berlin and Paris bourses open dull with uneven prices and favorable exchange for London.
New York Banks See Loans Rise and Gold Flows Fall in Week
The Associated Banks of New York City report for the week ending August 29 shows loans up by 8.97 million and deposits up by 7.14 million, with specie down 6.43 million but legal tenders up 4.86 million, net cash loss 1.57 million. Surplus falls to 6.74 million as imports of gold from Europe may rise, while interior banks note crop money demand and rate outlook remains uncertain.
MENTIONED IN THIS ARTICLE
New York
Associated Banks
New York City
Canada
Dominion
London
Europe
Stock Market Rebounds as International Buying Lifts Shares
London trading closes higher after a week of strength and broadening business. Kaffirs lead advances with support from big houses and foreign buyers amid cheaper mine work costs and ample money for gilt edged securities. Consols steady as markets rise on Berlin Paris confidence. American rails rally with Wall Street support. Southern Pacific and Union Pacific show notable gains.
MENTIONED IN THIS ARTICLE
London
The
Stock Exchange
Kaffirs
Berlin
Paris
New York
Wall Street
Continent
Southern Pacific
Union Pacific
Dry goods market shows quiet day in New York
The dry goods market was quiet with print cloths and convertibles selling better while jobbers reduce stocks in dress goods. Cottons move slowly, linens see higher demand, burlaps quiet and prices easing as of August 29.
MENTIONED IN THIS ARTICLE
New York
Imports and Exports at New York Port Week Ended August 22
Imports of merchandise and dry goods valued at 12,279,918 dollars for the port of New York for the week ending August 22. Imports of specie were 97,693 dollars in silver and 192,834 dollars in gold. Exports of specie amounted to 729,792 dollars in silver with no gold exported.
MENTIONED IN THIS ARTICLE
New York
Metal market steady with slight shifts in quotations
In St Louis and New York trading was quiet with no fresh cables. Tin held at 29 to 29.45. Copper firm with lake at 16.62 to 16.75, electrolytic 16.50 to 16.62, casting 16.35 to 16.37. Lead steady 4.37 to 4.62, spelter 4.65 to 4.70. Iron quiet at existing levels.
MENTIONED IN THIS ARTICLE
ST. Louis
New York
Lake
New York Mining Prices and Offerings
New York Aug 29 Alice 2.60 Breece .05 Brunswick Con .04 Comstock Tunnel stock .20 do bonds .17 Con. California and Virginia .80 Horn Silver .50 Iron Silver 1.10 Leadville Con .08 offered Little Chief .08 offered Mexican .80 Ontario 3.50 Ophir 2.10 Standard 1.90 Yellow Jacket .58.
MENTIONED IN THIS ARTICLE
New York
Brunswick
Comstock
California
Virginia
Leadville
Ontario
Ohio Incorporations Special Dispatch Finds New Firms Filed
The Tribune reports in Columbus that on August 29 a set of Articles of Association were filed with the Secretary of State. Firms include The Cleveland Gas and Electric Fixture Company in Cleveland valued at 25000 dollars, Columbia Power Company Cleveland 1000 dollars, Beamer Oil and Gas Company Mingo Junction 2560 dollars, Commercial and Savings Company Troy 25000 dollars, East Dayton Social and Outing Club Dayton Unknown, Automatic Device ComRORT Springfield 10000 dollars, Butler County Bar Association renamed The Butlerly Law Library Association.
MENTIONED IN THIS ARTICLE
Tribune
Columbus
Cleveland Gas and Electric Fixture Company
Cleveland
EB. L. Lewis
H. C. Goodfellow
C. R. Foster
E. B. Coltrin
J. C. Schiner
Columbia Power Company
Frank Butler
David B. Stone
K. C. Morris
Will G. Guenther
A. J. Halle
Beamer Oil and Gas Company
Mingo Junction
Commercial and Savings Company
Troy
East Dayton
Dayton
Springfield
Butler County
Butlerly Law
Library Association
Bank Clearings and Markets Hold Steady Amid Dull Week
The past week saw widespread market dullness with little price movement in stocks and bonds. Bank clearings totaled $3,076,650 in Cincinnati and $19,700,450 for the week, while New York exchange offered a 25-cent discount bid and bonds traded near top figures as gains were expected with dividends disbursed.
MENTIONED IN THIS ARTICLE
Cincinnati
New York Exchange
Wall Street Bears Opposed as Markets Hold on to Gains
Financier explains conditions on Wall Street and predicts better prices as idle money piles up in banks. Credit expands slowly and demand favors strong borrowers. Export conditions improve with Europe buying cotton and grain bills while gold moves amid renewed optimism.
MENTIONED IN THIS ARTICLE
Wall Street
Europe
Crop prospects brighten with corn and wheat expectations
The report notes corn making good progress and a likely profitable full crop if early frost is avoided. Wheat also shows better than expected yields, supporting earlier forecasts. Oats, however, are disappointing.
Cattle in light demand and varied prices in Cincinnati market
Cattle prices drift lower with a weak week in Cincinnati stockers and feeders. Receipts total 4,822 cattle and 16,158 hogs, with heavy steers at 4.35 to 5.50 dollars and hogs at 6.80 to 6.90 for top quality. Cattle carryover and light demand contrast with mixed hog and sheep trading as markets show broader declines.
MENTIONED IN THIS ARTICLE
Cincinnati
Aptincees SB
Ugecel Bof i. Cociaes
Bologna
Fair
Commercial Tribune
Dast. Buff. Ag
Chicago
Western
Kansas City
New York
Ohio
Turpentine and rosin market notes from Savannah Wilmington and Oil City
Turpentine study at 36c with 911 casks sold and 725 receipts plus 66 casks shipped. rosin firm with 2 740 bbls sold and 3 133 bbls receipts and 700 bbls shipped, stock 168 991 bbls. Prices listed for multiple grades and window glass and water white rosin. Wilmington reports spirits turpentine quiet, rosin 2.15, tar 14c, crude turpentine firm with varied receipts. Oil City shows negative balances and mixed barrel data. Sibier bones and shipment averages noted.
MENTIONED IN THIS ARTICLE
Savannah
Wilmington
Oil City
Also Mentioned on This Page
Harriman
George Eustis
Mercantile Library
Glia Actors On
Atlantic
Laveeseesy
Connatan Pacific
Col
Thern Senebees
Stothebet & Hudson
Erie
Great Northern
Central
Manhattan
Sodaapesks Mengess
Miscourt Pacific
New York Central
Foorfolk & Western
Orthern
Anaconda Biscuit
Pr Steel Car Co
Republic Steel
Weber Ee Bes
Steel
Sheen
Posene
Ticker
W. E. Hutton & Co
Boston Mining
Adventure
Allouez
Amalgamated
Bingham
Calumet
Hecla
Centennial
Copper Range
Daly- West
Franklin
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion
Osceola
Parrot
Quincy
Shannon
Tamarack
Trinity
United
Peoria
Newark Stock Exchange
Agmortonss Tobacco
Borden’s
British Columbia
P Butte Coalition
Chicago Subway
Colon
Dominion Copper
Gold Hill Sore
Havana Tobacco
Otis Elevator
Standard Oil
Tonopah
United Copper
A. P
North Butte
Utah
WOOL
W. E. Horton & Co
First National Bank
SASS
AJT
T Tv
Pope
N. H
Interboro
Eriegen
St. L
W. Con
S. Ae Interboro Ctf
Wab
P. T
W. U
B. R.T
AW P
N.Y. A.B
Bam
N.Y. Num & BR. Me
S. A
Fao
Pac
Ind
Etfs
Grand Trunk
Wal Street
Anaconda
Baltimore & Ohio
Chesapeake & Ohio
Chicago Great Western
Milwaukee & St. Paul
de Beers
Denver & Rio Grande
Grang Trunk
Illinois Central
Louisville & Nashville
Missouri, Kansas & Texas
Norfolk & Western
Ontario & Western
Pennsylvania
Rand Mines
Southern Railway
Wabash
Exchange
Associated Banks Statement
London Stock Exchange
Metals
NEW York Mining
Glasgow
Sese
Ccee
Vra & & Dues
Ins Os Sciote
Valley
Ask
Little Miami
Ohio Traction
Colum, Ry
Det
Uno
Smith
Brownell
Casey-H
Columbia Gas
Cuyahoga
Ham. G
Foulds M. M
Fleisch’n Pr
Bank Atlas
Firat
Globe
Kroger Aod
Nat
A. F
Carey
Gam
Rob’n Realty
U. S. Prinas U
W. Powell
Wurlitzer
ATI
Consol
J. J
A. O
F. A
M. N
Southern Ry
Se Water Works
A Water Works
J. D
Gilbert W
Seseeees Hunt
Benson Street Bridge
Big Miami Bridge
Covington
Bar, & Smith
Ham
Pa. Bridge
Gag
Col. Crosst
Railro
Big Four
C.r.&f.w
N.& D.lst
Bright'n _Ger
Enn Cae
City Hall
Bs Trust
N’l
Ger
Colum. Bank Saw. Co
C.B
Miami & Ger
Cocunetens. c
Ee Basi Sonts
St Rg
Industrials
Amer
Oak L.pr
Bullock
Fay & E.com
Hoov-O-R. Pas
Niles B.-P
A&b
Gas & Elec
Gas & Eléc
Cin. & Sub. Tel
Liberty St. Viaduct
Carthage (O
Bio Ask
Wee Ems
Panama
Philippine
OT Oges
IGE
Henry Clews
Wallstreet
Bank of England
Cincinnati Trust CO
Geo. B. Cox
Cincinnati Trust Company
State of
Hamilton
L. A. Ireton
Hamilton County
Prime Investment Eo
S. Kuhn & Sons, Bankers
East Third ST
Tridwna
Pittsburg
Kroger Grocery and Baking Co
Kroger
Claude Ashbrook
Walnut ST
Weil, Roth & CO
City OF
East Fourth Street
Phoenix Grain and Stockkk Exchange
Chas. Co
T C.N.& la Cle
Omaha
MurrAy É& Co
Z. Gold
le Gas
C. Bluffs
Toledo
North Lima
South Lima
Indiana
Charleston
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