Stocks Drop Triggers Panic Amid Market Break
NEW YORK June 17 speculators faced a swift stock market collapse with heavy liquidation and widespread margin distress. Bear selling, short covering, and copper trade fears pressured prices while reports on earnings taxes and the Hughes committee influenced sentiment. The session ended unsettled with irregular bonds and $5,042,008 par value sold.
MENTIONED IN THIS ARTICLE
New York
Bears
London
United States
Paris
Hughes
Stock Exchange
Taft
Shorts
Wall Street Report Highlights and Industry Movements
The Wall Street investigation commission releases its report as labor and industry shifts unfold. Jones & Laughlin Steel raises wages for 8,000 workers by 10 percent while United States Steel expands Gary blast furnace capacity. Transfer of Central of Georgia to Illinois Central is now formalized. The Bank of England leaves its rate unchanged amid improving iron and steel trade reports. Transatlantic Steamship notes passenger totals retreat from expectations. tin plate workers vote to oppose open shop, with Pittsburg not expecting a strike. Paris branch of J P Morgan & Co anticipates longer talks over Steel common listing.
MENTIONED IN THIS ARTICLE
Transatlantic Steamship Company
Tin Plate
Pittsburg
American Stocks Drift in London Trading
U S market performance shows half capacity shift plans toward Canada over coming years. In London trading American stocks trend weak with the pound near parity. Twelve industrials fall while twenty active railroads rise about 0.3 percent.
MENTIONED IN THIS ARTICLE
London
London Stocks End Quiet with Market Weakness in Kaffirs and Copper
June 17 London market opened with plentiful money and weak discounts. Trading was quiet as Kaffirs and copper shares led early losses, though continental buyers later lifted Kaffirs. Copper remained weak on unfavorable statistics while Consols firmed on a solid bank report.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Kaffirs
American Securities
Anaconda Ange
Aes Atchison
Pennsylvania
Canadian Pacific
Rand Mines
de Cerone
Laddchobbel O Spaeres
Southern R. R
CMS & St Pes
de Beers Wen
Southern Pacific
Dee
Union Pacific
Ea U. $. Steel
Tg Lee
Grand Trunk
New York
N. Y. Central
Illinois Central
Weekly Bank Statements From London Berlin and Paris
The Bank of England reports a rise in total reserves and notes in reserve, with increases in bullion and other deposits and a drop in circulation. The Imperial Bank of Germany shows higher cash in hand and loans, with decreases in discounts and treasury bills and a large rise in deposits. Bank of France notes in circulation fall while deposits and gold holdings rise, and bills discounted increase.
MENTIONED IN THIS ARTICLE
London
Bank of England
Berlin
Imperial Bank of Germany
Treasury
Paris
Bank of France
Treasury balance report shows gold reserves and available cash
The general fund balance excludes the $150 million gold reserve and records gold coin and bullion at 49,584,045 dollars, gold certificates at 23,660,260 dollars, and an available cash balance of 119,993 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
General Fund
New York Bond Sales Mirror Wide Range of Issues
The day’s offerings list numerous bonds from U S S 8s to Armour 4s and Reading 45s with varied quotes and totals. Among the items are Centennial and Western issues, city and state securities, and corporate debentures, totaling about 5.6 million dollars.
Cincinnati Delegates Return From Detroit Convention
Cincinnati delegates to the national convention of paint men in Detroit returned to the city yesterday. The Cincinnati Furniture Exchange plans its annual outing in Glen Park tomorrow. Gridiron club members hosted Walter Widhgar at a Business Men's club dinner, presenting a clock after his wedding.
MENTIONED IN THIS ARTICLE
Cincinnati
Paint Men
Detroit
Cincinnati Furniture Exchange
Glen Park
Gridiron Club
Business Men’s Club
Walter Widhgar
F. A. Waldron
R. E. Christie
E. M. Rowe
New York
Paul Rousset
Paris
Walter Franklin
Quincy
Marshall C. Blain
Columbus
P. F. Walsh
National Daylight Association
Butter and egg prices across multiple cities June reports
Chicago and other markets show butter steady with creamery and daisies quoted. eggs steady with varied case counts. Cheese prices mixed including Young Americas and Long Horns. poultry steady with turkeys and chickens listed. Regional notes from St Louis and Kansas City, plus New York price ranges for butter eggs and cheese.
MENTIONED IN THIS ARTICLE
Chicago
ST. Louis
Kansas City
New York
New State
Pennsylvania
Money Rates Edge Higher in New York Markets
Money on call sits at 14a2 percent with a 1 percent ruling rate and 2 percent closing. Time loans steady with sixty days at 2 percent and ninety days at 2a3 percent. six months at 3 percent. Sterling exchange firm with bankers' bills at 496.06a486.10 for sixty-day and 487.909 for demand. Bar silver at 62c and Mexican dollars at 44c. Government bonds steady while railroad bonds move irregularly.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile Paper
Sterling Exchange Firm
Foreign Bourses Hold Steady Across Markets
Paris prices were steady with three per cent rentes near 97f 47½c and London exchange at 25f 20c for checks. Berlin dull and unsteady as the Reichstag debate looms. Canadian Pacific and Baltimore & Ohio gain while London exchange stands at 2m 43p for checks. Calcutta Bank of Bengal cuts the discount rate from 5 to 4 per cent.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin
Canadian Pacific
Baltimore & Ohio
Exchange
Calcutta
Bank of Bengal
Ohio Incorporations Special Dispatch June 17
Ohio secretary of state approves multiple articles of incorporation across cities including Cincinnati Cleveland Columbus Sugar Grove Fairfield county Marietta Berea and Berea. Entities include The National Club company The First Ward Republican club The Franklin Foundry company Albany Oil and Gas company Cameron Mining company and Berea Printing company with stated capital from 4 000 to 50 000 dollars.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Columbus
William Brokamp
Wall Paper Company
Cincinnati
I. L. Hudde
Charles Broadwall
Charles 8S. Bell
Clifford R. Dickman
National Club Company
Cleveland
W. M. Skiff
William H. Thorpe
J. M. Johnson
R. O. Poag
Sugar Grove
Fairfield County
John R. Bowen
Cameron Mining Company
Marietta
F. K. Cameron
Berea Printing Company
Berea
A. J. Pillars
W. H. Morgan
R. S. McCauley
E. J. Kennedy
C. J. Morricey
Baltimore and Ohio Railroad May Earnings Rise and Year Totals
The Baltimore and Ohio Railroad reports May 1909 gross earnings of 5 931 066, up from 5 092 494 and net earnings of 1 808 985, up 725 535. For the eleven months, gross earnings fell to 64 831 438 from 68 172 530, while net earnings rose to 21 493 427 from 17 908 516, with expenses down year over year.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio Railroad Company
Local securities market steady amid subdued demand
The Cincinnati market showed light demand for local securities with Procter & Gamble activity fair near close while Cincinnati Street Railway sold on concessions. Bonds traded in open market as money demand remained moderate. prices for Columbia Gas and Electric and other utilities moved gently amid broader clearing figures.
MENTIONED IN THIS ARTICLE
Columbia Gas and Electric
Cincinnati Gas and Electric
Cincinnati Street Railway
Kentucky
Procter & Gamble
New York Exchange
Traction and industrial stock listings excerpt
A dense list of bonds prefixed by company names and numeric values shows various traction and industrial stocks. Includes entries for Niles Bank Unity Law Traction Ind Bt Ry Am Oak L and Hoover O R among others with prices and ex-dividend notes.
MENTIONED IN THIS ARTICLE
N. C& Br
Hagle
Traction
Ind. Bt Ry
Industr
Am.Oak L
Bullock
Hoov.o.r
Niles B
Do Pr. A.&b
Bhilito Co
Global Cotton Markets See Mixed Demand Across Ports
The report notes steady to slightly firm spot prices in Liverpool and New Orleans with 8 000 and 350 bales traded respectively, and futures showing fluctuations. In New York trading a sharp intraday drop followed by a partial recovery left near months down 1 to 8 points, with overall steady closes and widespread selling by Western and Chicago interests.
Sale of sheepskins held in London as market steadies
A London sale of 9.1% bales attracted steady demand with Americans taking a good share of medium and fine crossbreds. Lambs were unchanged while half-wooled merinos fell 4. Prices by region show varied results from New South Wales to Punta Arenas, with many listings incomplete or garbled.
MENTIONED IN THIS ARTICLE
London
New South Wales
Queensland
Victoria
South Australia
West Australia
Tasmania
New Zealand
Punta Arenas
Dry goods market shows broader inquiry for fall and spring
The New York market reports increasing inquiries from jobbers and retailers for early fall goods and spring fancy wares. Merchandising remains subdued compared with primary markets. Serges for men's wear are being actively ordered by large buyers, with an advance noted on a leading line of wide sheetings.
MENTIONED IN THIS ARTICLE
New York
Oil and Rosin Markets Across Several Cities June Reports
Market notes from Toledo to Wilmington show mixed activity in spirits turpentine and rosin. Prices firm in Savannah and Charleston with supplies varying. receipts and shipments listed for North Lima, South Lima, Indiana, New Orleans, and Wilmington, plus tar and crude turpentine figures.
MENTIONED IN THIS ARTICLE
Toledo
Lima
South
Indiana
Oil City
New Orleans
Charleston
Savannah
Wilmington
N. C
Market quotations for Clover seed and hay
Toledo Ohio June 17 Clover seed bids listed for cash and futures with prices for October December March and No 2 No 3 and rejected grade plus established grades. Timothy hay prime bids shown with prices and a separate al sike line.
MENTIONED IN THIS ARTICLE
Toledo
Timothy
Alsike
Wool Prices Quiet Across Grades in St Louis Market
In St Louis on June 17 wholesale wool markets showed quiet trading with medium combing and clothing at 23 to 29 cents, light fine 21 to 214 cents, heavy fine 13 to 21 cents, and tub washed grades around 24 cents depending on quality.
MENTIONED IN THIS ARTICLE
ST. Louis
Metals market round up from London to New York
The report shows London tin and copper prices easing while the local market slips. Lead holds around 4.35 to 4.45 dollars, Spelter trades near 5.37 to 6.42 dollars, and iron prices rise with Cleveland warrants at 48s 3d while foundry pickings vary between 16 and 17 dollars.
MENTIONED IN THIS ARTICLE
ST. Louis
New York
London
Cleveland
Northern
Southern
Southern Soft
Coffee futures open steady then decline on June market
New York June 17 The coffee futures market opened unchanged to five points lower on June with French cables signaling gains. Early activity light but buyers pressed near positions at concessions and the day closed steadier though unchanged to 15 points down. Trading reported 19,250 bags July 6.40 to 6.45, September 5.95, October and December 5.75, spot quiet Rio No.7 8c, Santos No. 49c, Cordova 2c.
MENTIONED IN THIS ARTICLE
Liverpool
New Orleans
Bears
Chicago
New York
Ssne
Gulf
Rio
Santos
Cordova
Commodity prices and securities cited in New York market report
The New York market notes prices for several mining shares and bonds. Alice 2.00 Brunswick Con offered at .05 Comstock Tunnel stock .23 Comstock Tunnel bonds 1.9 California and Virginia .65 Horn Silver .8 Iron Silver 1.50 Leadville Con. .045 Little Chief offered at .08 Mexican .82 Ontario 3.50 Ophir 1.20 Standard 1.75 Yellow Jacket .43.
MENTIONED IN THIS ARTICLE
Allis-Chalmers
Amalgamated
Agricultur
Eiecenaebey
Ene Eee
Tel and Tel
Consolidated Gas
Eaalablanea
Aeeeee
General Electric
Interboro Met
Epee Enee
Inter
Harvester Wteee
International Paper Oy
National Biscuit
People’s Gas
Pullman Palace Car
Railway
Steel Springs Estes
Republic Steel Eet
Eeeeresees
Tennessee
United States Reality
United States Rubber
United States Steel Seers
Orev Eteeteere
Utah Copper
Virginia-Carolina
Westinghouse Electric
Western Union
Atchison Epee
Atlantic Coast Line
Baltimore & Ohio
Brooklyn Rapid Transit
Canadian Pacific
Chesapeake & Ohio
Chicago & Alton
Chicago Great Western
Chicago & Northwestern
Chicago, Mil. & St. Paul
Colorado & Southern
Delaware & Hudson
Denver & Rio Grande
Erie
Iowa Central
Kansas City Southern
Pereriy
Louisville & Nashville
Minneapolis & St. Loui
M Toaer
Nat Ry
Mex
New York Central
Norfolk & Western
Northern Pacific
Pacific Mail
Pennsylvania
Gs Cc & St
Rock Island ‘Co
St L & S. Fran
Union Pacific
Maryland
Wisconsin Central
New York
Comstock
California
Virginia
Leadville
Ontario
Cotton seed oil price report from New Orleans market
New Orleans June 17 cotton seed oil prime refined sold at 5.80 cents per pound. Market notes indicate steady demand and stable pricing for refined oil in early summer trading.
MENTIONED IN THIS ARTICLE
New Orleans
Market Report from Cincinnati Grain and Whisky Prices
Cincinnati market notes list dull wheat and corn with light receipts and steady rye and firm hay. Prices include No 2 red wheat around 1.53 percent with various flour, malt, and whiskey bids, plus receipts for oats, hay, corn, and livestock goods.
MENTIONED IN THIS ARTICLE
Cincinnati
Minneapolis
Northern
Lara
S. Sass
Market notes and fruit prices with iron market update
A detailed listing of fruits and vegetables with prices per hamper, bunch, crate, or box, including apples, bananas, beets, cabbage, carrots, celery, cucumbers, lemons, oranges, onions, potatoes, string beans, strawberries, squash, turnips, and salt. A second section reports stronger steel markets with rising pig iron and coke prices and brisk construction activity bolstering demand.
MENTIONED IN THIS ARTICLE
California
Florida
Rogers, Brown & CO
Cincinnati
Toal
Southern
Superior
Jackson County
Lake Superior
Iron trade shows steady improvement across regions
Matthew Addy & Co reports a growing volume of trade with iron lagging earlier gains but improving conditions. South order books are full, the North sees active buying and firm prices with a rising tendency. Small foundry iron and larger malleable and basic orders appear, with urgent shipments and increased coke purchases signaling prompt consumption.
Burley and Dark Tobacco Offerings Mixed in Louisville
In Louisville on June 1 sales of Burley were light to fair with prices ranging from 13.50 to 19.25 per unit. Dark tobacco offerings were light to medium quality and mixed, with prices from 4.35 to 10.00.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Louisville
Also Mentioned on This Page
Ticker
Wall Street Investigation Commission
Jones & Laughlin Steel Company
J. P. Morgan & Co
Steel
Central of Georgia
Iron and Steel
United States Steel
Gary
International Paper Company
Canada
London Stocks
Treasury Statement
W. E. Hutton & Co
First National Bank Building
A Ag. Chem
Cent
L. S
Mer
Cent. Lea
N. Y
S. L
U. P
Col. Ind. Ls
U. P. cv
Erie Con
TJ Gykts Eek
Armiony
Erie cv
U. S
Elec
Ae H. V
BRB. R. T
Southern Rail
Ooosaheedaare Int
S— Tex. Pac. Fund
Aces
Eee Wes
Abarseere
L. cl.Jap
UN. Pac
NW. .Y
Pas
K. Ox Ft. Ss
Oneeban
Waterworks Department
Cincinnati Gag Transportation Company
Kanawha River
H. J. Rhein
New York Central Lines
Daly
Chamber of Commerce
W.S. Porter
Nashville
George W. Blinn
Birmingham
E. H. Smith
Atlanta
William Taylor Harris
Walnut Hills High School
Bethesda Hospital
I. L. Huddle
Charles Broadwell
Charles S. Bell
Courthouse Savings Bank
W. F. Robertson
Thomas Pogue
Boyd E. Dilley
Joseph Benning
H. W. Morgenthaler
C. J. Christie
Max Goldsmith
Jeff Livingston
William Stewart
John Douglass
Dudley Sutphin
Roberts, Hall & Criss
New York Stock Exchange
Crue
British Columbia
Butte Coalition
Metus Dominion Copper
Otis Elevator
United Copper
Fosse Erereeresee
Davis-Daly
Ely
Cumberland-Elyse Eeee
Essles Preedeeevas I Lado
Nipissing Mines Co
Crown Ee Rette Dte
Eeldtalke
McKinley
Ohio
Columbia and
Special Dispatch
Columbia Gas
Cincinnati Gas
Kroger
Col. Gas and Fuel
Col. Gas and
Columbia Gas and
Cincinnati Gas and
Cincinnati Street
Cincinnati Gas and Elec
Hunt Street
Wyoming
Glasgow
Belfast
W. C. Gabennesch
Id. Aek.: Cin. Int. Ry
Col
Xenia
Little Miami
Ask.c
N.O
T. P
Cin
Ham
St. Ry
Hyavesi
Det
UN. Rys
Telen Oha
C. B
Fey
Ohio Traction
Ih. Rys. & E
Bsgas
Scioto Valley
Am. R. Mill
Jergens
Ae Bar. & Smith
By & Newpt
Brownell
Casey H. Pr
Es Couam
Col. G & F
Dion
Cuyahoga
Fay E. Com
Fleisch'n Pr
Globe Soap Ist
Globe-Wer
Stan
Lee
Incan. L
Ph. Carey Pr
Steptoe
U.S
Eee
Celivrae
W. Powell
Wurlitzer
Atlas
Bank of
Cent. Trust
Citizens
Columbia
Fyne Cove
Queen City
Seeree
Panama
J. J
A. O
Pplir SL. Jules
F. A
Southern Ry
Southern Ry. Ter
Aes
Viaduct
Gilbert W
Hunt St
Hamilton County
Elizabeth Bridge
Longview
Armory
Benson Street
Bri
Big Miami Bridge
Covington
Ham. Gas
Rs & Exean
Col. Ae | Cin. Edison
U.L
RAI
A. W W
N.&d
Bright
Cin. Trust
City
Litan
N’l.Npt
Ee Colum
Bank U.B. & 8. Co
Unity Law
Traction IT
ESC
In & N
Dayton & x
Miami
Securities
Low
WOOL
Metals
NEW York Mining
Columbia Gas. and Electric Co
German National Bank
Covington, KY
Jas. C. Ernst
T. T. S. Hamilton
Pres’t
Geo. E. Engel
T. HK. P. Colville
Cashier
Houston
Texas
S. Kuhn & Sons
East Fourth Street
HE Rye Inck Inci
Ug Hama
Fruits and Vegetables
Orig Bite Gee Descreatron Crescent
Cleveland Diamond
Cincinnati Market Report
Java
Onghorn
Michigan
Saciat Action Mess Coe Neds Eau
Bbl
Tim
Tidewater
Des x
Plain Foundry
Oes Sowen
Gray Forge Northern
Virginia Foundry
Weil, Roth & CO
East Fourth ST
Baldwin
the Baldwin Company
Asus
San Francisco
Cal
Pacific
Asia
Congress
Honolulu
Manchuria
Matthew Addy
Louisville Tobacco