Stock Market Slumps After Morning Rally Amid Profit Taking
New York traders faced a cautious day as heavy selling to realize profits pulled prices below last night, despite an earlier rally and higher intraday levels. Banks recall of government deposits and stiff call rates added to the mix as industrials like United States Steel attracted buying.
MENTIONED IN THIS ARTICLE
New
York
The
Stock Exchange
Ticker Talk Small London price shifts and railroad outlook
Harrimans and Steels show firmness amid optimistic remarks from Judge Gary of the Steel Corporation. Pennsylvania Railroad earned about 8.5 percent on its stock in the year ending June 30. Railway earnings look unlikely to improve through July but may pick up afterward.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
What Brokers Say Market Note
The general crop outlook remains promising and may drive future prosperity. Smelters show activity with insider-driven moves anticipated to lift shares, though no concrete gains yet. Steel stocks are notably strong, seen as a positive signal for the market.
MENTIONED IN THIS ARTICLE
W. E. Hutton & Co
Foreign bourses show firmer tone on Irish loan oversubscription
London markets report tight money as Irish loan oversubscribed forty times boosts gilt earnings and stock gains. American securities edge higher on steel outlook while copper shares improve. Berlin and Paris follow with firmer bourses and favorable New York news.
Money on call and bonds in New York and Boston markets
New York money on call easy at 1 percent with bids and offers around 1 percent, sixty and ninety day terms slightly higher. Sterling exchange steady. Government and railroad bonds generally easy or steady. Boston reports cash loans 2 to 3 percent, time loans 3 to 4 percent, with assorted railroads and industrials quoted across the board including Atchison, Boston & Albany, Union Pacific, American Sugar, General Electric, United States Steel, and district utilities.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Boston
Cail
Atchison Adj
Atchison
Boston & Albany
Boston & Maine
N. Y
Union Pacific
American Arge
American
American Sugar
American Tel
Tel
American Woolen
Dominion Iron and. Steel
Edison Electric Tiliminating
General Electric
Massachusetts Electric
Massachusetts Gas
United Fruit
United Shoe Machine
United States Steel
Dry Goods Trade Notes Steady in New York Market
Export sales of cotton goods remain steady with drills for India and about 1000 bales of light-weight sheetings for China. Prints to Manila are strong while cotton yarns and linings stay quiet. Staple cottons sell better than fancies as carpet demand softens and raw silk holds firm with a Japanese bias.
MENTIONED IN THIS ARTICLE
New York
India
China
Manila
New York Bond Sales Snapshot From W E Hutton and Co
Financial list shows bond prices and yields for U S securities and railroad issues including Wabash Pittsburgh Reading B and O, U S Steel, Pennsylvania lines, and Reading 4s with varied maturities and returns. Totals approach several hundred thousand dollars across issuers with yields ranging from about 62 to 100 percent on offerings and receipts.
MENTIONED IN THIS ARTICLE
W. E. Hutton & Co
First
National Bank
Cc. P. Ist
Wab
Pitts. Terin
M. P
Pitts
Nate
Cc. B
U. P. Faz
W. i
CHA. T
Ticv
W. So
Sevi & Q
Mis
Rovese
Jae L
Isai
Serene
Renee
Industrials Active on Bonds as Markets Remain Steady
Industry stocks gain traction as traders favor industrials with strong demand for Cincinnati Street Railway and Cincinnati Gas and Electric. Municipal bonds lead activity with Columbus Cleveland Dayton 4s and Dayton 5s in demand. New York exchange shows premiums and call and discount figures while banks report steady clearings and a dull money market.
MENTIONED IN THIS ARTICLE
Cincinnati Street Railway
Cincinnati, Newport & Covington
Cincinnati Gas and Electric
Globe Soap
Procter & Gamble
Columbus
Cleveland
Dayton
Pennsylvania Company
New York Exchange
Henderson Lith. Prf
Gas
Elec
Street Railway
Omaha & C. B
Pref
Globe Soap First
U. S. Printing
Omaha & Council Bluffs
Pr’ter & Gable
Cleveland (O
Butler County
Pennsylvania Co
New York City
Railroad and securities market notes in Ohio region
A compact listing of bonds and stocks across regional railroads and financial firms. Entries include Per Cent yields and ex-dividend notes for lines such as Col. Ry and Dayton & M, with listings for Industrials like Amer. Book and Fay & B, and various bank securities reaching modest price quotes.
MENTIONED IN THIS ARTICLE
Globe- Wer
Barre Smith
Sy F
Haus, Stan
Brownell
Nat. A. F
Ph. Carey Pr
Ph&fm Roots
Proc & Gam
Columbia Gas
Rob’n Realty
Col. Gas & F
Steptoe-Sh
Cuyahoga
Ham. G
Powell Br
Foulds M. M
Wurlitzer
Fleisch’n Pr
Atlas Nat
Merch. Aisses Ae
J. J
Falcon
J.J
Southern Ry
F. Ae Weeene A
M. N
DMR Cetkvcels Ecisace
Gs. F. A
Southern
Ter
Eeee Water Works
Laos
Longview
Pepebarae
Is Water Works
Bar. & Smith
Cin
Ham
Odetks Xs
Dayton Ist
Southern Ohio
Ham. & Lind
Miami & Ger
Firecracker injury sidelines Union Savings official
Willian E. Gray assistant secretary of the Union Savings Bank and Trust Company was injured on the Fourth of July by a premature firecracker blast and has been confined to his home since. The Sunshine Club plans to print several thousand letters detailing receipts and expenditures for members.
MENTIONED IN THIS ARTICLE
Willian E. Gray
Union Savings Bank and Trust Company
Sunshine Club
Business Men’s Club
Cotton market slides as supply and weather weigh on New Orleans
New Orleans reports a steady to easier cotton market with spot prices down from yesterday. Weekly government weather data and heavy receipts dampen buying. July and autumn contracts show mixed movement while Liverpool and New York trade reflect weaker demand and bearish outlooks.
MENTIONED IN THIS ARTICLE
Orleans
Liverpool
Ccvcereceseeseesense
Ceeceee
Vecese
Asee
Esas
Sikveasatinheae
Secu Save
Wool market notes from St Louis and Boston reports
Wool quiet in St Louis with several grades listed. Boston receipts and shipments rise with active trade. fleeces and staple supplies moving well. Domestic prices feature Ohio and Pennsylvania fleeces and multiple blood and washed classifications across states.
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ST. Louis
Jaly
Boston
Ohio
Pennsylvania
Delaine
Elaine
Kentucky
Missouri
Texas
Georgia
Markets in Cincinnati July 7 1908
Cincinnati reports a firm wheat and corn market with light receipts and higher prices. Rye weak with dull demand while flour and hay stay firm but not notably higher. whisky shows firmness. Receipts and shipments include varied grades across wheat corn oats rye hay flour and related products.
MENTIONED IN THIS ARTICLE
Cincinnati
Minneapolis
Northern
Fruits and Vegetables Price List Summary
A compact price catalog lists apples at 3.25 to 3.50 per barrel, bananas 1.75 to 2 per bunch, beets 15 to 20 cents per dot, blackberries 1.50 to 2 per crate, carrots 15 to 20 cents per dot, cantaloupes 1.25 to 1.75 per crate, cabbage 1.50 per barrel, cucumbers 35 cents per dozen, lemons 3.50 to 4 per box, oranges 3.50 to 4, onions green 10 to 12 cents per dozen, new potatoes 3.76 to 4.25 per barrel, peaches 1.50 to 1.75 per crate, string beans 1 to 1.25 per bushel, squash 50 to 1 tics per dot, tomatoes 75 to 85 cents per crate, watermelons 25 cents each. Also mentions Groceries Oils and various chemicals like naphtha gasoline and lead compounds.
MENTIONED IN THIS ARTICLE
Louisville
Messina
Palermo
Georgia
Metal market prices unchanged amid firmer copper in London
The wire reports tin closed near 27.37 to 27.62 a ounce with London spot at 125 5s. Copper rose in London to spot 7 5s and futures 57 17s 6d, about 2½% higher. Local markets firmed with limited activity. lead slid to 4.42 to 4.47 in New York, swelter on the floor softer at 4.40 to 4.50, and iron steady business.
MENTIONED IN THIS ARTICLE
New York
London
Standard Foundry
Cleveland
Northern
Southern
Southern Soft
ST. Louis
Market Report Butter Eggs Cheese and Poultry Prices
New York Chicago and Kansas City markets report steady butter firm eggs and cheese values with varied regional rates. Western firsts and imitation creamery items show minor gains, while poultry prices move modestly for alive and dressed goods across dates and regions.
MENTIONED IN THIS ARTICLE
Ohio
S.ssenees
Michigan
New York
Western Factory
Western Imitation Creamery
Chicago
Springs
Kansas City
Changes in grain supplies worldwide on Bradstreet report
Special telegrams show wheat supplies in the United States east Rockies down 1 140 000 bush Canada down 951 000 bush total US and Canada down 2 091 000 bush afloat for and gn' Europe down 2 600 000 bush total American and European supply down 4 461 000 bush. Committed US and Canada up 572 000 bu. United States and Canada down 769 000 bush. Leading decreases include Manitoba pea bush Milwaukee private elevators 58 000 ushers.
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New York
Sby
Bradstreet
United States
East Rockies
Canada
Europe
States
Manitoba
Milwaukee
Market quotes for mining stocks in Boston trading
The report lists current prices and percent changes for numerous mining and related stocks such as Amalgamated United Copper United States Oil Calumet and Hecla Commonwealth Isie Royale Nevada and others with varied percent moves and cent values as of July 7.
MENTIONED IN THIS ARTICLE
Boston
Adventure
Allouez
Amalgamated
Atlantic
Bingham
Calumet
Hecla
Centennial
Copper Range
Daly-West
Franklin
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion
Osceola
Parrot
Quincey
Shannon
Tamarack
Trinity
United Copper
United States Mining
United States Oil
Utah
Victoria
Winona
Wolverine
North Butte
Butte Coalition
Nevada
Arizona
Arizona Commercial
Greene Cananea
Turpentine and Rosin Prices and Supplies Briefs
Oil prices reported for North Lima and nearby areas hold at around $1.04 for North Lima and 9 cents for South Lima. Wilmington notes turpentine and rosin steady with multiple price levels and recent receipts. Savannah shows firm turpentine at 29.89 to 4 cents and rosin at varied quotes with large stock and shipments data.
MENTIONED IN THIS ARTICLE
Toledo
North
Lima
Indiana
Wilmington
Espermo
Rosin Steafiv
Savannah
Rosin
Coffee futures open steady then drift lower in New York
The New York coffee futures market opened unchanged to a fall in points as European markets dipped. Local selling and firm offers prevented a rally, with moderate early demand from major traders failing to push prices higher. Afternoon demand waned and the market finished quietly with a net decline of a fraction of a point. Total sales reached 10,950 bags with July at 6.10, August 6.05, September 6.05, December 1, and May 6.05 cents.
MENTIONED IN THIS ARTICLE
Liverpool
New York
Wall Street
New Orleans
Houston
Market Report from Louisville Bird Sale
Louisville Warehouse held the sole sale this morning offering 21 new dark birds in fair condition and mostly common grades. Prices ranged from 7.50 to 10.25 with 7 rejections and a shade easier market.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Louisville
Warehouse Sales Report With Four Hhd Tobacco Lot
One warehouse reported yesterday sales of four hogsheads of tobacco. Quality was moderate with fair prices achieved. Farmers and Shinpers sold four hogsheads at 7.20, 9.30, and two at 10.25 to 11.00 per hogshead.
Market quotes and securities prices listed
New York July 7 Alice 2.25 Breece .05 Brunswick Con. .07 Comstock Tunnel stock .23 Comstock Tunnel bonds .18 offered Con. Cal. and Va. .58 Horn Silver 1 Leadville Con. .08 offered Little Chief . offered Mexican .44 Ontario 4.75 Ophir 2.55 Small Hopes 15 Standard 1.75 Yellow Jacket .45.
MENTIONED IN THIS ARTICLE
New York
Brunswick
Cal
Leadville
Ontario
Lost items advertised near Walnut Hills and Zoo
Lost amethyst breastpin surrounded with earls reportedly at the Zoo or on the way to Walnut Hills on Sunday evening with liberal reward. Also missing aUmbrella Silk with silver handle at the Zoo Monday night. Contact A L P care Globe-Wernecke Co or J A Mil 29 Navarre Flats Walnut Hills.
MENTIONED IN THIS ARTICLE
Walnut Hills
Bunaay
J. A
Navarre Flats
Care Globée-Wernicke Co
Let Us Write Your Orations Address Lectures
An advertising notice from the Central Literary Bureau in Kansas City offers confidential writing services for speeches and club papers with a free sample on request. It mentions translations of English advertisements into multiple Indian languages and notes connections to Rangoon Burma and other locales.
MENTIONED IN THIS ARTICLE
Dept. M. Central Literary Bureau
Harrison
Kansas City
Oosaln
Rangoon
Burma
India
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