Downward Stock Movement Tied to Professional Trading Tactics
In New York on October 28 the decline in stock prices was blamed on the actions of professional traders who believed rising prices would attract outside demand. They argued distribution favored financial powers and anticipated a post election demand swing. US Steel earnings, orders, and comparisons shaped cautious sentiment as the market eyed potential shifts in risk and timing.
MENTIONED IN THIS ARTICLE
New York
Financial District
United States Steel” Corporation
Wall Street
United States Steel Corporation
United States Steel
Germany
United States
Market Opens Firm Then Turns Down After Profit Taking
Brokers report traders seek profits after buying at lower prices a week earlier. The market opens firm with fractional gains but soon fades as professionals drive activity. Some shorts add pressure while a few houses dump stock, shaping a cautious trading day with little news to alter sentiment.
MENTIONED IN THIS ARTICLE
Roberts, Hall & Criss
London Stocks Make Gains On Confidence Improve Market
Money in good supply and steady discounts in London trading as firmer continental and Wall Street markets boost confidence. Contras like consols and Kaffirs rise with Mexican rails recovering. New York selling later weakens the close while copper shares slide.
MENTIONED IN THIS ARTICLE
London
Wall Street
New York
Anaconda
Atchison
Canadian Pacific
Chicago Great Western
de Beers
Denver & Rio Grande
Erie
Grand Trunk
Illinois Central
New York Central
Pennsylvania
Rand Mines
Reading
Southern Railway
Southern Pacific
Union Pacific
United States Steel
Wabash
Berlin
New York Bond Sales Report from W E Hutton & Co
A dense list of New York City and regional bond issues with prices and yields, detailing numerous 4s and 5s across issuers such as Pac Coast, Union Pacific, American Telephone, Atchison and other rail and utility bonds. The data include issue types, volume, and percent returns.
Financial and Personal Notes from the City
Visitors registered at the Business Men's Club include E. 8. Boyle and W. F. Elston among others. Railroad stockholders elected directors William Rockefeller Frederick W. Vanes H. M. Twombly and Walter P. Bliss. Merchants' National Bank notes a dividend raise to 7 percent annually and a semiannual 3.5 percent payout on November 2. Taxpayers' Association to meet at Mercer and Walnut with W. C. Culkins speaking on constitutional amendments.
MENTIONED IN THIS ARTICLE
Business Men's Club
E. 8. Boyle
Los Angeles
Cal
W. F. Elston
C. Ipoland
New York City
M. G. Morrison
Dayton, O
E. Simms
Chicago
Ill
G. Thompson
Tampa
Fla
W. Bayo
Hamilton
L. Harris
Washington, D.C
Cleveland, Cincinnati
Chicago & St. Louis
Cincinnati Northern Railroads
William Rockefeller
Frederick W. Vanes
H. M. Twombly
Walter P. Bliss
Merchants’ National Bank
Taxpayers’ Association
Mercer and
Walnut Streets
W. C. Culkins
Ohio Traction Company
Cincinnati
Ohio
Walter A. Draper
Heavy structural demand and rising steel sales forecast
The Iron Trade Review predicts heavy structural business with up to 150000 tons to be let soon while steady exports persist. US Steel reports higher Q3 earnings, lake shipping declines rise due to forest fire smoke, and rail purchases include 24000 tons for Chicago Northwestern approaches. Bettendorf Axle orders 10000 tons for under frames via steel firms.
MENTIONED IN THIS ARTICLE
Cleveland
Iron Trade Review
Canada
United States Steel Corporation
Lake Superior
Steel Corporation
New England
Pittsburg
Chicago & Northwestern
Chicago
American Bridge Company
Bettendorf Axle Company
The
Bethlehem Steel Company
New York and Boston Money Markets Report Flat on Oct 28
On October 28 in New York and Boston money and bond markets showed limited activity. Rates for loans ranged from 1% to 3% with prime mercantile paper around 4 to 4.14 percent. various railroad and industrial bonds displayed mixed quotes while U.S. Steel and General Electric were traded with notable percentages. Sterling and foreign exchange held steady amid light barkers’ bill activity.
MENTIONED IN THIS ARTICLE
New York
Morley
Prime Mercantile
Sterling Exchange
Barkers
Boston
Atchison Adj
Atchison
Boston & Albany
Boston & Maine
Boston Elevated
Fitchburg
N. Y
Union Pacific
American Arge. Chemical
American Sugar
American Tel
Tel
American Woolen
Dominion Iron and Steel
Edison Eectric
General Electric
Massachusetts Electric
Massachusetts G
United Fruit
United Shoe Machinery
United States Steel
Turpentine and Rosin Prices and Stocks Across Cities
Savannah and Charleston report turpentine steady around 36 1/4 cents with varied rosin quotes from A to N and window glass at about 6.20. Oil City notes $1.78 credit balances and large shipment totals, while Wilmington shows no activity in spirits turpentine and rosin with tar at 1.80 and crude turpentine firm between 1.60 and 2.40.
MENTIONED IN THIS ARTICLE
Savannah
Charleston
Oct
C. Rosin
Oil City
Toledo
Lima
Indiana
Wilmington
London tin market and metals prices report
The London tin market closed lower with spot at £133 1s 0d and futures at £125 7s 6d while New York quotes showed copper firm. Locally lead and spelter held steady with prices around $4.80 to $4.85 and $4.39 to $4.32 respectively. iron and steel prices also varied with No 1 foundry stocks quoted near $16.50 to $17.25 per unit.
MENTIONED IN THIS ARTICLE
George Eustis & Co
Mercantile Library
Ovennes
Atchison
Atlantic Coasts
BR. D Settee
Canadian Pacific
Cage G. W. Tener
Chicago & Alton
Colorado Southern
Erie
Northern Pacific
O. & Wee
Pennsylvania
Rock Island Ase
Southern Pacific “Sea
Wim
Southern Railroad
Ory St. Paul
Texas Pacifi
Toledo & 8
Union Pacific
Wabash
Aeeeennene
Car & Fdy
Col. F. & Iron
Consolidated Gas
General Electric
Pacific Mail
Republic Steel
Steel Springs Sugar
ST. Louis
New York
London
Lake
Standard Foundry
Cleveland
Northern
Southern
Egg and dairy price reports from Kansas City and Chicago
Prices for eggs butter and cheese noted for markets in Kansas City and Chicago. Fresh extra eggs 25c in Kansas City. butter steady in New York and Chicago. various egg and cheese receipts listed with regional ranges and quality distinctions.
MENTIONED IN THIS ARTICLE
Kansas City
New York
Pennsylvania
Mining stock quotes from Boston list company percentages
A Boston market report lists numerous mining and related stocks with quoted percentages and prices. Names include Adventure 714, Allouez, Amalgamated, Atlantic, Calumet and Hecla, Centennial, Copper Range, Daly-West, Franklin, Granby, Isle Royale, Massachusetts Mining, Michigan, Mohawk, Montana Coal and Coke, Old Dominion, Osceola, Tamarack, Trinity, United Copper, United States Mining, United States Oil, Nevada, Butte Coalitions, Arizona Commercial, and Greene Cananea among others.
MENTIONED IN THIS ARTICLE
Boston
Oct
Adventure
Allouez
Amalgamated
Atlantic
Calumet
Hecla
Centennial
Copper Range
Daly-West
Franklin
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion
Osceola
Farrot
Quincy
Shannon
Tamarack
Trinity
United Copper
United States Mining
United States Oi
Utah
Victoria
Winona
Wolverine
North Butte
Butte Coalition
Nevada
Arizona
Arizona Commercial
Greene Cananea
Treasury balances report including gold assets
The Treasury general fund balances show available cash of 165 551 037 dollars, gold bullion 37 837 235 dollars, and gold certificates 42 262 219 dollars, excluding the 159 000 009 dollar gold reserve.
MENTIONED IN THIS ARTICLE
Washington
Treasury
General Fund
Clover seed prices and terms listed for futures and grades
Toledo prices show cash and October futures at 5.07 percent, December at 5.12, March at 5.23, No 2 grades at 4.214 and 4.77, with a rejected grade at 4.60. The report is dated October 28.
MENTIONED IN THIS ARTICLE
Toledo
Wool Market Report From St Louis Trade Line
Wool unchanged in St Louis on October 28 with good medium grades for combing and clothing and light fine fleece. Prices for tub washed wool quoted at 20 to 27 cents per pound.
MENTIONED IN THIS ARTICLE
ST. Louis
Burley Tobacco Prices Firm Across Grades Demand Strong
Burley tobacco sold yesterday with good demand and satisfactory prices. Globe lots brought 4 to 4.60 and 13.25 to 18.50 per hundred. Farmers and Shippers ranged from 5.95 to 20.75 with many lots between 6 and 19.75. Buckeye accounted for three sales at 18 to 13.75 and ten at 15.75 to 18.75. Recap shows totals across price bands and grade mixes.
MENTIONED IN THIS ARTICLE
Globe
Buckeye
Dry goods market firmer in cotton goods division
New York October 28 reports a steadily growing firmer dry goods market in cotton goods with price advances on some spring men’s wear lines. Carpets for spring to be shown November 9. Cotton yarns available and satin silk piece goods in strong demand as jobbing seeks better returns.
MENTIONED IN THIS ARTICLE
New York
Shading of Prices Improves Trading and Market Tone
Stock market notes show improved bidding with Cincinnati Street Railway and Gas stock rising to top figures. Telephone shares strong, municipals favored, call loans at 5 percent, discounts at 5 percent, and New York exchange par. Bond quotes list government issues and local securities with varied bids and asks.
MENTIONED IN THIS ARTICLE
Cincinnati Street Railway
Detroit United
New York Exchange
Traction Bonds and Securities in Dayton Ist to U B S Co
A compact list of bonds and stocks including Dayton Ist 58 Det Elec Ist 4s and 4s notes, unlisted American National Bank 125 Brighton Ger 290 Washington City Hall 220 Cosmo 160 Cov Trust 130 First National Cov 185 Norw First 140 Nor Nat 125 Prov 8S & T 190 and various traction and industrial issues with prices, ex-dividend statuses, and pref and common shares noted.
MENTIONED IN THIS ARTICLE
Kroger 2d
First Nat. Bank
Cin. & Sub, Tel
Cin. & Sub
Procter & Gamble
Detroit United Rys
Morning Call
Little Miami
Cin Street Ry
Cin
Street Ry
Omaha
Gas & Bloc
Columbus (O
N.C
B.P
Col. & Xenia
B.D
St. Ry
C.n.&c.l
Oha
Laclote Valley
Icc
O.L
Am. R. Mill
Jergens
Bar. & Smith
Brownell
Casey-H
Mirty
S. Tel
Ae Columbia
Col. G.& Fe
Cuyahora
Ham. G. &E
Foulds M. M
Fleisch’n Pr
BANK
Cent
Citizens
Globe
Am. Nat
Bright
Trust
Nat. Coy
Cosmopolitan
Ee First N
N’l
Colum, Bank & Sav. Co
Wa Norw. First
Nor
Ae Sec. Savings
Traction Orks— C
Choice Cattle Demand at Cincinnati Market in Late October
Cincinnati stock market report shows a fair cattle run with 921 head on October 28 and 3 day receipts totaling 3,310. Prices vary across classes from heavy steers to cows, with milch cows active and heifers and calves showing gains, while hogs and sheep see mixed or steady demand across regional markets including East Buffalo Pittsburg St Louis and Chicago summaries.
MENTIONED IN THIS ARTICLE
East Buffalo
Commercial Tribune
Pittsburg
ST. Louis
Texas
Kansas City
Colorado
Chicago
New York
Louisville Market Report on Tobacco Offerings Prices
Special dispatch from Louisville reports today offerings on the market including all warehouses Purley 99 hhds dark 87 hhds total 186 hhds original inspection 162 hhds reviews 24 hhds Prices for Burley ranged from 11 to 19 75 dollars and dark tobacco from 6 50 to 12 50 dollars.
MENTIONED IN THIS ARTICLE
Dispatch
Commercial Tribune
Louisville
Purley
Burley
Coffee futures open steady as Brazilian costs weigh in
New York markets opened quiet with futures largely unchanged and some gains on stronger French cables. Trading volume reached 18 250 bags with October at 5.40 5.45, December 5.20, March 5.15 5.16, May 5.10 5.35, and August 5.15. Spot quotes held quiet with Rio No 7 6 at 76% and Santos No 48c. Cordova mild at 9 1/2 to 12 1/2 cents.
MENTIONED IN THIS ARTICLE
New York
Brazil
Rio
Santos
Cordova
Market quotes amid brisk trades and varied securities
New York prices on October 28 show Alice at 3.50 offered with Bréece 0.05 and Brunswick Con. 0.08 while Comstock Tun nel stock sits at 0.23 and Comstock Titan bonds at 0.10. Con. Cal and Va. 55, Morn Silver 0.70, Silver 95, Leadville Con. 0.45, Brittle Chilean bt, Ontario 2S Ophir 1.9, Standard 1.00, Yel sow Jacket noted in market notes with frayed quotation.
MENTIONED IN THIS ARTICLE
New York
Brunswick
Comstock
Leadville
Ontario
Cincinnati Markets Report Shows Mixed Wheat and Supplies
The Cincinnati market summary notes unsettled corn and firm whisky with steady flour and quiet rye. It lists bid prices for winter and spring wheat, various flour grades, and grain contracts, plus receipts and shipments for apples, oats, corn, hay, and other staples.
MENTIONED IN THIS ARTICLE
Tobaccco
Hhd
Fruits and Vegetables Prices From Kanawha Market
Price list for apples bananas beets carrots cucumbers cabbage cranberries lemons oranges onions potatoes pumpkins peaches pears string beans squash tomatoes. Regions include Sad Florida Messina Palermo Northern and Seckers quotes per barrel box crate keg bush and per bunch with varied amounts. Also mentions Kanawha Jump and misc ad text.
MENTIONED IN THIS ARTICLE
Messina
Palermo
Florida
Colorado
Cot seed off See Oct 23 ser unine
Cot seed off references an event on October 23 with an unclear note about ser unine. The readable fragment mentions a seed and a date but lacks concrete details or participants to form a complete news item.
Also Mentioned on This Page
W. E. Hutton & Co
H. M. Beazell
Paris
Near East
Exchange
Peoria
Det
New York Stock Exchange
American Tobacco
Borden’s
British Columbia
Chicago Subway
Dominion Copper
Gold Hill
Toronpah
Erereeery Orteeveseereseeseese
Setereenees Soos
Stabeds
pSnerethines
Davis-Da
Ely
Steet
Firet National Bank
N.Y
City
Col
Interboro
Minn, & St. L
S. A
A. P
Pac
jHo
jNor. Pac
S. R
Lai iii
T. Am T. ‘Ev
Ae Atch
Union
Wensbe
Atch
Acy
Csuck
N. Pac
UN. Pac
A. Chem, Ree'ts
Akaries
U. S
Va ™ Brown
P. T
Am. H
Iron and Steel Trade
Metals
Boston Mining
Treasury Statement
Special Dispatch
Ask
Panama
Glasgow
MPR
Eas
SOO Sk Bixty Gaye
Cesses
Stock Exchange
A. Fasith
Carey Pr
Ph& FM
Steptoe-shy
Prim Ng
Powell
Itr
Cecnsol
S. F
J. J
M. N
F. A
Southern Ry
Aenee Ie
Water Works
J. D
Gilbert
Hunt
Hamilton County
Elizabeth Bridge
F. Sesh
Benson Street
Covington Bon
Columbia Gas
Col.Gas
Ham
F.digon
Dayton
C.B
Southern Ohio
Miami & Ger
C.r.&f.w
Sonet
A Marton & M
Ky. Cent
Miami
Securities
Meee Ty Bol
Eagle
Ind. St. Ry
Amer
Bullock
Fay & E.com
Hewson
Niles B.P
Do Pr.a. &B
G't C. CT
Shilitto Co. Onl
Niles T.w.pr
U. 8. Lith
Louisville Tobacco
NEW York Mining
Covington
Das
Ernst
Vice Prent
Geo. B. Engel
H. P. Colville
Minneapolis
Do City
Fruits and Vegetables
Yair Rd
Java
Ads
Japan
Akron Crescent
New, York
Limburger
Weil, Roth & CO
East Fourth Stredpt
Phoenix Grain
Cincinnati, O
City OF Cincinnati
S. Kuhn & Sons
E. 3d.St
Baldwin
THS Baldwin Company
W. 4Th St
Bbs
Setaeli
Do N. Y
Ss. P
Timothy
Columbus
Linwood Company
George W. Hale
Roland W. White
D. S. McEwen
Margaret A. Hale
Edward P. Cole
Eagle Realty Company
Cincincinnati
Henry Kressel
Fred Kaeper
Edgar Joseph
R. J. Ostermayer
C. Trischler
Bennett Company
J. M. Bennett
E. S. Smith
C. A. Wright
G. G. Schoenberger
C.S. Reno
American Rosé and Plant Company
Springfield
Hast’ End Furniture Company
Portsmouth
Mecca Club
Steubenville
C. J. Buddeke & Co
Union Trust Building