Financial Market Turbulence Driven by Political Scare
Wall Street faced a week of declines as political rumors tied to Bryan and Hughes dominated trading. Traders noted weaker demand, short selling, and Hill and Harriman warnings while rail earnings and iron and steel orders showed a temporary hold. Foreign demand for dollars pressured London and South America though domestic banks remained well funded.
MENTIONED IN THIS ARTICLE
Wall Street
Hill
West
Bryan
Harriman
Mr. Harriman
Maine
New York
Saratoga
Hughes
United States Steel Corporation
Carnegie Hall
Exchangé
Financial
Stock. Exchange
London Feels Gold Imports Pressure on Markets
Capel Court ends the week with a cautious mood over Lancashire cotton spinning, while hopes for a settlement curb fears of a 1892 93 repeat. The fall in Americans is seen as a Taft supporters bid, with recovery expected once politics settle. South Africans stay dominant in trading, Russian cholera noted but market impact limited. Money remains abundant and rates drift lower as New York Exchange advances hint at possible gold exports, though a US trade surplus limits further shipments.
MENTIONED IN THIS ARTICLE
New Orleans
Sterling Exchange
South America
London
Argentina
South American
New York Times
Capel Court
Lancashire
Taft
New York Exchange
New York
United States
America
Paris UnderTone Confident Market Ends Week Firm
Paris capital markets end the week with a confident tone despite uneven surface. Cash buying improved, mostly small lots, reinforcing the general firmness. Russian Government funds and industrials weaken slightly while rentes trade a shade lower.
MENTIONED IN THIS ARTICLE
New York TimEs
Paris
Outside Securities Sells Shares With Extra Dividend
The document notes outside securities offering dollars per share with an extra dividend if included. It lists amount authorized or proposed, sale at a flat rate, and special stock. Dividends and interest periods are shown as monthly bi monthly quarterly semi annual or annual. Par value if not $100 appears after stock name.
Copper market sighs amid fire fears and new consolidations
The copper market shows little real news as fears of Lake Superior fire losses loom and Franklin contemplates merging Franklin Junior with Rhode Island while buying St. Mary's Mineral Land. Copper Range Consolidated plans to lift shipments to 75,000 tons monthly as various mines report strong ground and new lodes being developed across the region.
MENTIONED IN THIS ARTICLE
New York Times
Boston
Lake Superior
Franklin
Franklin Junior
Rhode Island
St. Mary’s Mineral Land Company
Copper Range Consolidated
Atlantic
Michigan
Lake Lode
Mass
Superior
Great Eastern
Black Hawk
Arizona
Calumet and Arizona
Greene-Cananea Management
Granby
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EL UN
TOR
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iJuly
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Broad St
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Franklin Consolidation