Prices Slide as Market Closes in Sharp Decline
New York on September 10 saw a sudden market shift with prices breaking after a run of unsettled trading. Curtailed by a court ruling against the commodities clause of the Hepburn law and a weakened American Locomotive, the day featured higher call money rates and broad selling across Harriman and transcontinental stocks with Erie wavering but remaining pressured.
MENTIONED IN THIS ARTICLE
Harrimans
Erie
Reading
Harriman
Baltimore & Ohio
Illinois Central
United States
Wall Street
New York
London
Cotton Market Fluctuates with Mixed South Reports
New York and New Orleans trade show firmer prices amid improved demand and export interest while Southern spot markets hold steady to higher. Reports of weather outlooks and labor tensions in Liverpool influence futures as buyers and bears adjust and prices close near day lows.
MENTIONED IN THIS ARTICLE
New York
Desponse Cables
Liverpool
Manchester
New Orleans
Houston
Do Gulf
Ena
Ena's Eres 8.75 | Deember
Aay
OCR
Weld
Aeece Ganna Saan
Bates
Bates American
Stocks Quiet as Copper Sells and Steel Orders Rise
American stocks were quiet while copper sellers move in London. Steel concerns report orders received in early September compare favorably with July. Brooklyn Rapid Transit returns one third of gross earnings over six years. Iron Age notes pig iron output rising gradually signaling industry recovery. Loan demand remains light. Corn Products output runs about 70 percent of last year. Erie shows higher August anthracite shipments, others down.
MENTIONED IN THIS ARTICLE
Brooklyn Rapid Transit
Brokers Cite Call Money Rise Hits Stocks Market
Brokers say higher call money sparked stock weakness after rallies and breaks. Reading advanced on Hepburn decision and Locomotive dividend news hurt, with profit taking and weak spots favored. Market manipulation viewed as confusing with bear-leaning sentiment. conserve purchases.
MENTIONED IN THIS ARTICLE
H. M. Beazell
Reading
Page & Hl
W. E. Hutton & Company
Bank of England and Bank of France weekly statements
London reports total reserve up 207000 pounds while circulation falls 399000 and public deposits drop 1004009 from the Bank of England. France shows notes in circulation down 63250000 francs and discounts and advances lower across the bank's balance sheet.
MENTIONED IN THIS ARTICLE
London
Bank of England
Paris
Bank of France
Treasury
London Sheepskin Sale Shows Spirited Bidding Across Regions
A London sale of 8,800 bales of sheepskins drew strong competition with many buyers present. Clothing prices rose about 6 percent while combing skins held steady to 5 percent higher for select lots. Americas purchased suitable lots at full rates, with detailed regional prices listed for New South Wales, Queensland, Victoria, South Australia, West Australia, Tasmania, New Zealand and Punta Arenas.
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London
New South Wales
Queensland
Victoria
South Australia
West Australia
Tasmania
New Zealand
Punta Arenas
Mining stocks list from Boston market report
Boston market notes show prices and percent changes for numerous mining and resource companies including Calumet and Hecla United States Oil United Copper Tamarack and Butte Coalition, with values ranging from fractions to four digits and varied percentages.
MENTIONED IN THIS ARTICLE
Boston
Sept
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
Parrott
Quincy
Shannon
Tamarack
Trinity
United Copper
United States Mining
United States Oil
Utah
Victoria
Winona
Wolverine
North Butte
Butte Coalition
Nevada
Mitchell
Arizona
Arizona Commercial
Greene Cananea
Bond market report shows broad gains and mixed yields
New York bond sales list highlights diverse issues from Atch. conv 4s to Reading I and P 4s with varied prices and yields. Notable totals include several 5s and 4s issues, with price ranges around 90s and 100s and overall strong turnover across railroads and utilities.
London and European markets end on mixed notes amid profits and weak tones
London traders report ample money and firm discounts as profits were taken in Earths and Copper shares. New York and Paris showed uneven activity with American securities fluctuating while European bonds and French francs held steady under cautious bank reports.
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London
Stock Exchange
Paris
Eafths
New York
Canadian Pacific
Baltimore & Ohio
Anaconda
Atchison
Chesapeake & Ohio
Chicago Great Western
Chicago
Milwaukee
Southern Railway
Southern Pacific
Union Pacific
United States Steel
Wabash
Amalgamated Copper
Berlin
Government
Exchange
Morocco
Turpentine and oil markets across several cities Sept 10
Oil prices move in Lima area and Indiana with North Lima at 1.04 and 99 cents for South Lima and Indiana. Wilmington reports spirits turpentine at 34 1/4 to 34 1/2 cents, rosin firm, crude turpentine up to 2.75 dollars. Charleston notes turpentine 35 cents, rosin varying by grade up to 5.10 for N, window glass and water white prices listed. Savannah shows turpentine 25 to 25 1/4 cents, rosin prices from 2.30 to 6.50 for water white and window glass values.
MENTIONED IN THIS ARTICLE
Toledo
Lima
Indiana
Oil City
Wilmington
Charleston
Savannah
Market Roundup of Dairy Poultry Prices in Major Cities
Kansas City reports eggs steady with fresh extras at 22 cents, butter 18 to 22 1 4 cents, creamery daisies 17 to 10 cents, turkeys 18 cents, chickens 10 1 2 cents. Chicago notes butter 18 to 22 4 cents, cheese prices steady with various grades quoted, eggs firsts 2 cents, poultry alive firm with turkeys 18 cents, chickens 10 1 2 cents. New York lists butter firm, cheese firm with full cream specials 12 4 to 13 1 4 cents, poultry alive steady with spring chickens 14 cents, fowls 12 1 2 cents, dressed rates irregular.
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Kansas City
Chicago
Young Americas
Springs
New York
London and New York Metals Markets Report Slumps and Holds
The London tin market fell with spot at £136 10s and futures at £131 12 6d while the local market weakened. Copper dropped to £66 17s 1d spot, zinc and lead moved modestly, and English iron prices slipped with mixed domestic quotes in St Louis trading.
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New York
London
Standard
Clleveland
Northern
Southern
Southern Soft
St, Louis
Coffee market opens steady with mixed late-month selling
New York September 10 coffee market opens steady near unchanged cables. Trading centers on nearby positions as late-month selling meets firm Brazilian offers. Reported sales total 27,000 bags with September at 5.80, December 5.70, May 5.85, July 5.60, August 1.70 centavos. Rio No. 7 64.5, Santos No. 4 8.25. Mild Brazil Cor doavy 9.4 to 12.4 cents.
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New York
Brazil
Rio No
Santos No
New York Dry Goods Market Holds Steady Trade Today
Dry goods market in New York was steady with many buyers operating in small lots for current needs and placing spring orders. Cotton goods show steadiness with higher demand for gray reeds. yarns demand improves at lower prices. men’s wear stock goods sell well. Raw silk slightly firmer. jobbers continue to ship many small orders.
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New York
Matthew Addy & CO
Louisville Market Report on Burley and Dark Tobacco
Special Dispatch reports offerings at the Louisville market with 249 hogsheads of burley and dark tobacco 132 and 117 respectively. Original inspections 230 hogsheads reviews 19 hogsheads and yesterday’s rejections 24 hogsheads. Prices for burley ranged from 12 to 22.50 dollars and dark tobacco from 6.50 to 11.75 dollars.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Louisville
Burley
Local industrial leads market as vacation ends
Cincinnati reports clearings 4 356 million with New York and Chicago showing gains. Local leader Cincinnati Gas and Electric holds at 90 ½ percent while bonds and industrials show activity and money demand rising from country districts.
MENTIONED IN THIS ARTICLE
Cincinnati Gas and Electric
Columbus Gas
Cincinnati Street Railway
New York Central
New York Exchange
Railroad bond prices and listings in brief
Bond market notices show various railroad and company securities with quotes and percentages such as C R and F W 78 at 119 percent and L and N 92 5s at 103 percent. Details include unlisted entries and regional notes like Miami live quotes and dayton listings.
Weak cattle trade as Cincinnati market sees light receipts
Cincinnati market reports light cattle and hog receipts with slow trade. Prices hold largely steady for milch cows and veal, while bulls and bulls show softer demand. hogs see a mix of steady high quality and duller lower grades amid thin Thursday demand. Other markets in East Buffalo Pittsburgh Chicago St Louis Kansas City New York note varied receipts and stable to firmer quotes.
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Cincinnati
Cohesus
Eas
Bologna
Commercial Tribune
East Buffalo
Pittsburg
Chicago
ST. Louis
Texas
Kansas City
New York
Indiana
State
Pennsylvania
Michigan
Rice Market Sees Quiet Start With Active Inquiries
The week opened quiet but grew into an active inquiry market both locally and from out of town. Receipts were moderate and mostly sold from dock with firm prices on high grades and steady on lower ones. New crop Carolina arrives small and broken, while Georgetown and Santee Pee Dee reports signal flood damage to a large portion of the crop.
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Carolina
Georgetown
Santee
Pee Dee
New Orleans
Louisiana
Texas
Dan Falmage’s Sons Co
Talmage
Charleston
Mining Stock Quotes From New York Market
New York mining shares list prices as of Sept 10 with quotes for Alice 4.00 offered Breece 0.05 Brunswick Con 0.07 Com stock Tunnel 0.22 Comstock Tunnel bonds 17 offered Con Cal and Va 0.78 Horn Silver 4 Iron Silver 1.00 Leadville Con 0.08 offered Little Chief 0.08 Mexican 0.62 Ontario 5.00 offered Ophir 1.90 Small Hopes 0.18 Standard 180 Yellow Jacket 0.
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New York
Brunswick Con
Comstock
Cal
Leadville
Ontario
Wool Prices Steady in St Louis Market Report
ST. LOUIS, Sept. 10. Wool unchanged with drum grades at 19 1 20 to 20c for combing and clothing, light fleece at 16 1 2 to 16 3 4, heavy fine at 11 1 4 to 11 1 2, tub washed at c.
MENTIONED IN THIS ARTICLE
ST. Louis
Markets in Cincinnati September 10 1808 update
Cincinnati market summary shows Wheat firm at 1.02 per bushel with No.1 Northern. Corn offerings light yet prices higher while Oats demand weak and slow. Rye steady with fair demand. Flour steady to firm. Timothy hay scarce but in good demand. Whisky firm. mixed feed ranges. Receipts and shipments listed for multiple commodities per car, bushel, and barrel figures.
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Cincinnati
Minneapolis
Northern
Prices for Fruits and Groceries in Local Market
The listing shows apples per barrel from 2.50 to 2.50, bananas 1.75 per bunch, beets and carrots 15 to 20 cents per dozen bunches, cucumbers 15 to 20 cents per dozen, cantaloupes Indiana 65 to 75 cents per basket, cabbage 1.25 to 1.50 per barrel, lemons 424.50 to 444.50 per box, oranges late Valencia 4 to 4.50, onions white 90 to 1 dollar per bushel, new potatoes Ohio 2.50 to 2.75 per barrel, peaches Georgia 1 to 1.25 per bushel, pears Bartlett 2 to 2.25 per box, peas New York 1.25 to 1.75 per bushel, string beans 1.25 per bushel, sugar corn 12 and 20 cents per dozen, squash 50 cents per bush, tomatoes choice 1 to 1.25 per bush, watermelons 10 to 15 per 100. Meat and eggs section lists eggs fresh receipts 23, springers 13.5, cocks 0.?, various cuts of meat with prices around 6.50 to 7.62 per unit, including shoulders 0.6, rib sides 0.7 to 0.75, Bellies, N Y cut 0.773, California hams 0.776 to 0.3.
MENTIONED IN THIS ARTICLE
Messina
Palermo
Valencia
Ohio
Georgia
New York
Treasury fund statement shows available cash and certificates
Treasury balance reveals a general fund excluding a paid reserve with available cash and bullion totaling 36,178,610 dollars and gold certificates at 29,415,400 dollars.
MENTIONED IN THIS ARTICLE
Washington
Eat
Market Report Sees Cautious Recovery in Iron Trade
Quiet week amid holiday break ties to gradual recovery. September expected stronger than August with firm prices and rising rail traffic. Coke demand steady. ovens blowing in. various coke and foundry price ranges listed for Southern and Northern markets.
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Birmingham
F. O
Cincinnati
Southern Coke
Pei Eeess
Eee
Ceke
Basic
Oncesvesceeeeseges
Eesssc
Betginta
Foundry
Virginia
Southern
Esevess
Coveess
Goteann
Peter Eee
Lake Superior
Burley Auction Breaks Light Yet Tobacco Demand Rises
Yesterday's local auction offered 22 hogsheads of tobacco with light offerings. Demand remained strong for higher grades with good red leaf and brights leading. Farmers and Shippers' Warehouse sold 21 hhds including six at 13.25 to 14.50 and fifteen at 15 to 18.75. Bodmann's Warehouse sold one hhd at 18.75. Recap shows six at 13.25 to 14.50 and sixteen at 15.00 to 18.75.
MENTIONED IN THIS ARTICLE
Bodmann
Clover and Alike Seed Prices Reported in Toledo Market
Toledo market notes Clover seed prices quoted for cash 5.42 percent quarterly 5.45 December 5.55 March 5.67 No 2 5.20 No 3 9.10 pie 4.95 no grade 34.6 Alsike Prime 8.50.
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Toledo
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