Banks Lose Cash Sparks Market Selloff In Trading Note
A June 23 1900 market summary notes ongoing cash losses and a broad stock downturn. It cites weak wheat prospects from droughts and wage talks delaying factory repairs. Sterling and New York money markets are unsettled while Cincinnati and regional securities show firmer tobacco and utility issues.
Wall Street Market Slips Amid Bank Statement Shock
A feverish trading session sees late selling driven by the bank statement showing a large cash reserve decrease at the Clearing House level and a likely government deposit withdrawal. Stocks including National Steel, Northwestern and Brooklyn Rapid Transit fall as traders weigh loans, dividends and future gold movements.
MENTIONED IN THIS ARTICLE
Stock Exchange
London
New York
Northern Pacific
Brooklyn
Wall Street
Germany
National Steel
Northwestern
Brooklyn Transit
Room Shorts
Bears
Reading
New Jersey Central
Pennsylvania
Atchison Preferred
Berlin
Bank of France
Bank of England
Treasury
United States
Stock market notes from Paris and Berlin reveal mixed openings
In Paris on June 23 prices opened undecided then firm with a general gain as Parquet stocks rally and Spanish securities rise on hopes of no exterior coupon curtailment. Kaffirs steady but inactive. In Berlin shares began weak, especially U S and Canadian Pacifics, iron shares pressured by New York losses, then improved after Li Hung Chang ordered to Peking and Harpener report boosts coal shares.
MENTIONED IN THIS ARTICLE
Cincinnati Street Railway
Cincinnati Leaf Tobacco
Barney & Smith Co
Cincinnati, Newport & Covington Railway
Cincinnati Gas Company
The
Stock Exchange
Street R
Cceeessee
Gas Co
Creeecaceys
Eevee
Aarebed
C. R. BR
Street R. R
Paris
Berlin
New York
Li Hung Chang
Peking
Harpener Company
Bank reserves and deposits show notable shifts in New York
The weekly bank statement reports surplus reserves down 1 971 900 dollars while loans rise 25 900 and deposits fall 4 787 600. Specie and legal tenders decline and circulation increases 66 500 with banks holding 15 526 350 dollars above 25 percent reserve requirements. Boston market closes with mixed stock prices including Atchison 24 and American Sugar 112 percent.
MENTIONED IN THIS ARTICLE
New York
Galesca
Boston
Atchison, Topeka & Santa Fe
American Sugar
Boston & Albany
Boston Elevated
Boston & Maine
Age
Burlington & Quincy
Dominion
Steel
Do Sechefotea
Fitchburg
Gen
Electric and railroad bond listings mixed with various company quotes
A fragmented list shows bond prices and yields for multiple companies and railroads. Mentions include General Electric Edison Electric Michigan Telephone Atchison Union Pacific Iowa Central and more with figures like 70% 89 and 114 indicating market quotes and bond standings.
MENTIONED IN THIS ARTICLE
Eral Electric No
Edison Electric Liamina
Mexican Central
Michigan Telephone
Old Colony Rubber
Union
Pacific
Westinghouse Electric
Atchison
JES
Cent
Central Pacific Seeseeeeteeseeleseseisrses Ateee Canada Southern
Weaewbee
Chicago Gt. West
Seneelene
Delaware & TigtoOe
R. G. Pref
Erie
Hocking Valley
Lester
Illinois Central
Jersey Central
Owe
Seeee L. & L. EB. W
Metropolitan
St. By
Central
Northwestern
Nort. & Wessereeee
Pac
Ontario & Western
Pacific Mail
Pennsylvania
Rock Island
Southern Pacific
Southern Railroad
St. Paul
W.&l. EE
Lewene
Amer
Car F. Co
Anpaek Sheen
Peeree Biscuit
Sane
Eeneenes
Wee
National Steel
Do ‘Preen Enenee Feee
Republic
Heen Nweene Smelter
Sugereeneeneeeneee
Eeewanene
Seer Teeelonner Santee St
Quotations in stocks and bonds on exchange and outside
A detailed list of bid and ask prices across railroad stocks miscellaneous stocks bank stocks and bonds. Notable entries include Little Miami Cin Railroad Cin Gas Co Roots Co F.& S. Tob Co Cincinnati Gas and Electric various Covington Newport and Hamilton County bonds and several railroad and unlisted securities with corresponding price points.
MENTIONED IN THIS ARTICLE
Ereriirir
New York
New York Exchange
Able. Close
Cin
Street R. R . Seedweees
Bhillite’Co
City Hall Bank
Oak Leather Co
City Railway Com
Wees
City Railway
Niles Tool Works
Seeee Stockyards
Ond Ve
Fioder & Gamble
Eee
Cincinnati Gas Co
Cipc Nneti Edison Co
Evese
Et c
A and B
Neee
Hocking Valley
Sorese
Sloss-Sheffield S.41
Western Union
Manhattan R
Union
Chicago
Jane x Bt. N. F
R Ref. Co
Sugar Ref Co
Nat. Steel
Atchison
National Salt Eee
An Steel & Ire
General Electric Com
General Electric
Eeneenee Continental Tob. Co
Straw Final Peat
Republic Iron & U
S.ceeseee
Ie Cage & E. A
B. Il
International Paper Ca
Nat. Biscuit Favor Cape
National Salt Co
National Tube Co
Alaz
New York Bank Oe Ab
Stock Exchange
Little Miami
Cin. Ry
T.P
Col
Xenia
Cin. Gas Co
Roots Co. Pr
Ger.Na l. Cov
Lafayette
Washington
Cincinnati
W.W
C’y Hall
St. V
City Hall
Covington
Newport
Hamilton County Bonds
Turpentine and Rosin Markets Reported Across Cities
June market notes state spirits turpentine at Wilmington and Savannah firm. rosin steady at Wilmington and firm in Charleston. crude turpentine at Wilmington at $1 Me $260. tar steady at Wilmington. oil city reports credit balances at 13 percent with no bids on certificates, shipments and runs not reported.
MENTIONED IN THIS ARTICLE
Wilmington
Rosin
Charleston
Ena
Savannah
Oil City
New York Week Ends Quiet in Dry Goods Market
The week closes with a dull dry goods market in New York. No orders for staple cottons beyond small quantities and prices irregular. Print cloths idle. mourning and twisled drapery rates noted. ginghams steady. cotton yarns unsettled. woolen and worsted yarns dull and easy to buy.
MENTIONED IN THIS ARTICLE
New York
Pacific
Wheat Markets Rally As Northwest Prices Lead Gains
Reports from the Northwest push speculative wheat prices higher while the local cash market follows. Chicago curb prices may top 9 cents next week with profit taking yet buyers active. Corn demand rises on wheat price strength. South remains large consumer and blended flour strategy noted. Dayton profits on wheat cited. hog trade shows steady movement and strong receipts. F. G. Logan cites conservative wheat outlook with 78 to 88 million bush estimates, suggesting ample Northwest surplus loss amid robust demand.
MENTIONED IN THIS ARTICLE
Northwest
Chicago
Cincinnati
Dayton
F. G. Logan
Rogers
Liverpool
Dakotas
Minnesota
Manitoba
Snow
Ngs
Atlantic
Minneapolis
Duluth
Longs
Fsgaee
Wild bullish run in Chicago wheat tops close at 88c
The July wheat market surged amid reports of Northwest crop failures and strong Liverpool prices. Prices hit 88c after a volatile session with intraday swings between 86c and 89c, while corn and oats also rose and pork, lard, and ribs posted gains.
Butter Cheese and Eggs Prices Placed in Narrow Range
Across Chicago and New York markets on June 2, butter firm with creameries and dairies, cheese steady, eggs firm with renewed demand. New York receipts show market dullness for cheese and steady eggs with variations between western ungraded and ungraded at mark rates.
MENTIONED IN THIS ARTICLE
Chicago
New York
Week in the cattle and hog market with mixed prices
Cattle prices rose briefly on Monday but eased due to abundant supplies. Hogs shifted higher in parts of the week while sheep and lambs moved with selective demand. regional reports show steady to higher prices for various classes and notable weekly receipts across multiple markets including Pittsburgh Buffalo Chicago and Kansas City.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Pittsburg
Aia
Buffalo
Chicago
Texas Fed
Texas
Texas Bulls
Kansas City
ST. Louis
Mining prices and shares across cities on June 23
Colorado Springs markets show diverse fractional percentages for numerous mines and names led by Utah and Colorado listings. St Louis reports lead at 385 and spelter at 4. New York brokers price copper at 16 25 and lead at 360. Boston mining shares list many names with varied quotes.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Colorado Springs
Consolidated
Battle Mountain
Elkton
Ben Hurt
Isabella
Jack Pot
Bob Lee
Lexington
Maton
Portland
Union
Work
Independence
Hart
Keystone
Mountain Beauty
Key West
Nugget
Little Joan
Silver State
New Haven
O. K
Mary Cashen
Monarch
Edsall, Key & CO
ST. Louis
Spelter
New York
Boston
Adventure
Allouez Mining Company
Amalgamat Copper
Atlantic
Boston & Montana
Butte & Boston
Calumet & Hecla
Centennial
Franklin
Osceola
Parrott
Quincy
Santa Fe
Copper
Tamarack
Utah Mining
Winona
Wool Market Quiet as Auctions Open in London
London reports the fifth series wool auction season dull with 104,612 bales arrived, 24,000 sent direct. Week imports include New South Wales 7,050 and New Zealand 16,499 bales while overall demand remains limited and prices fall. In St Louis wool also weak with ongoing sale at quoted levels across medium to fine grades.
MENTIONED IN THIS ARTICLE
London
New South Wales
Melbourne
South Australia
New Zealand
Cape of Good Hope
Natal
ST. Louis
Cotton Market Firm in New Orleans and New York
New Orleans reports 900 bales sold with varied grades and firm futures. receipts 15 bales, stock 70,724. Prices across months show steady futures and spot markets. New York closes quiet with 4,700 bales sold and futures steady. spot middling up lands at 9 1 4 c.
MENTIONED IN THIS ARTICLE
New Orleans
New York
Tutuila and Its People in the Pacific Coal Box
Collier's Weekly notes Tutuila as a strategic Pacific possession with Pago Pago harbor and Leone Bay. About 4,000 Tutuilans, a fierce reputation, and a mainly fishing economy. The island's rich soils yield sugar, coffee, cotton, and coconuts with substantial coconut oil exports.
MENTIONED IN THIS ARTICLE
Guam
United States
Tutuila
Pago-Pago
Tutulla
Pacific
Far East
Leone Bay
Pago- Pago
Acre
Holmes Weighs A Man By His Wife In London
In a Boston Transcript excerpt, Sherlock Holmes clues a man’s character from his fear of his wife. The dialogue hinges on a dismissed witness and a newsboy incident, implying the man’s domestic control by his spouse.
MENTIONED IN THIS ARTICLE
Sherlock Holmes
Women’s baseball club hit by umpire shortage in Detroit
Detroit Free Press quotes a team member lamenting a chaotic game as no female umpire would commit to a decision, saying the match wore them out rather than the exertion of play.
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General Trade News
St. L. We Pr
Bia
Ask
Philadelphia
Wal Street
Sterling Exchange
Cleveland
Western Union Telegraph Co
Fifth National Bank of Cincinnati
the Central Trust & Sape Deposit CO
East Fourth Street
W. H. Doane
Prest
Gazzam Gano, Treas
Southern Ohio Loan & Trust CO. Cor
Wabash Gold Mining Co. (Inc
Denver
Colo
Life Insurance
T. J. Willison
Blymyer Building
Totel
Agst
Elmwood Place
Tvt
Marion,c
East Liverpool
I. M. Simon & Co
P. J. Goodhart & Co
Morgan
Roberts & Hall
Comntee
Messrs
Platt
Quay
Hanna
Auditors
Reaeies A. Sal
Aranding
Coey
International Zinc Co
Joshua Brown & CO
Wall ST
New York City
State St
Chestnut St
the Rookery
Wall Street Review
N.Y
St. L
So. R. R. Se
Tex
Union Pac
West Shore
George Eustis & Co., Bankers and Brokers
East Third Street
Local Securities
Globe-W Co
Fay& B.co
L. M
D. Ee
St. Bile
Sfabbe
Dp & M. Bs
C. x Ss
G.K.& FW
Mt. A
S. G
C.g
Col. St
Col. C. T
Col. Ry
Standard
Equitable
Columbus St
U, Say Bank
Shillito Co
S-B
Rd Co
Gorn
South
Chicago Review
Pheonix Grain & Stock Exchange
Vine Street
State of
Illinois
Supreme Court
Feder, Holzman & CO
E. 3d
S. Kuhn & Sons
Guarantee Title & Trust CO
the Guarantee Title and Trust Co
Walnut ST
WOOL
Collier's Weekly
Boston Transcript
Detroit Free Press
Witcox
Wilcox Med
Ical
N. Loth St
Phila