Wholesale Trade Slump Hits Holiday Orders, Delays Invoicing
Local wholesale merchants report a broad falloff in orders for present delivery as holiday demand weakens. Spring trade remains busy with booked lines, while dealers rush to inventory stock after the year ends. Retailers push to clear fall and winter stock and lack time for house reps, with conditions expected to persist until after January 1.
Quiet day in stocks on dull New York market
New York stock session closed with 221 500 shares traded as prices eased slightly from the prior day. Steel preferred led activity with 27 350 shares and Brooklyn Rapid Transit moved 2 850 shares amid a generally stagnant market. Traders cited dull sentiment, federal and city claims on Consolidated Gas, and limited gains in utilities while industrials anticipated post January railroad equipment spending.
MENTIONED IN THIS ARTICLE
New York
Steel
Brooklyn See Transit
Brooklyn Rapid Transit
New York Hfe
Consolidated Gas
Rock Island
Affiliated Securities
London
United States Steel
Ckawanna
Joes Mot
United States
Banks to close for four days under Indiana law
Banks and trust companies in Indianapolis will close from Thursday night through Monday morning. A new Indiana law makes all paper maturing Friday Saturday or Sunday payable Thursday, so banks will be closed those days.
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Indianapolis
Indiana
Czar Sends Signed Photo to William J. Bryan
Ambassador McCormick hosted a luncheon for William J. Bryan and Prince Khilkoff, the minister of public works and railroads, with other high officials in St. Petersburg as the Czar’s autograph photograph was sent to Bryan.
MENTIONED IN THIS ARTICLE
ST. Petersburg
William J. Bryan
Ambassador McCormick
Mr. Bryan
Prince Khilkoff
Private Wire Advice On Condition Of Securities
New York December market opened without feature and very light trading. United States Steel held firm while forecasted earnings for the last quarter rise gradually. American Locomotive saw good buying and promising outlook. Afternoon session remained featureless and market grew stagnant as holiday trade dominated.
MENTIONED IN THIS ARTICLE
A. W. Thomson
New York
United States Steel
Local Stock Market Activity and Downgrading Outlook
Local brokers report 409 shares of Union Traction stock sold in large blocks last week with most trades in 100 share blocks. Trading paused at the Newark Stock Exchange for five days. year 19% is regarded as fairly successful with trading volume near 192. The New York market was dull with traction shares weakest, while coal and steel sectors showed mixed signals and caution amid anticipated year end money movements and possible dividends adjustments.
MENTIONED IN THIS ARTICLE
Union Traction Common
Thearket
The
Stock Exchange
Local Stock Exchange
Newark ‘Stock Exchange
Newton Todd
Indianapolis Street Railway
Exchange
Street Railway Company
Indianapolis
Philadelphia
Greet Railway
Wall Street
United States Steel Corporation
Reading
Meyer & Kiser
New York
Rock Island
Porterfield & Co
Brooklyn
Inter-borough
Metropolitan
Manhattan
London
New York Post
Sterling
Aee
Pt Aee
Eecome
United States Steel Common
Republic Iron and Steel
Crucible Steel
Nority
Port Arthur
Ee Arthur
S Rt Arthur
Buffalo
Money Market Report and Treasury Statement Highlights
New York and London money markets show easy call rates at 2.5 percent with time loans steady at 54 percent. Sterling weak. bankers' balances quoted. Treasury statement notes available cash and gold reserves as of Tuesday, with daily and year-ago balances listed.
MENTIONED IN THIS ARTICLE
York
Prime Mercantile
Bankers
H.R
Cotton Soars Again Amid Bull Clique and Cables
New York and New Orleans markets rise as bulls push prices higher on stronger Liverpool cables. Short-covering panics bears, with stop orders triggered. South reports dull spot markets. Analysts call the move manipulative and note lack of legitimate factors, warning of risks for bears without a strong leader.
MENTIONED IN THIS ARTICLE
Albert R. Thompson & Co
Indianapolis
New York
Liverpool
New Orleans
South
Claypool Hotel Project Aims For Indiana Complex
Indiana Hotel Company plans a new modern hotel named The Claypool on the Bates House site at Washington and Illinois streets Indianapolis. Project cost 1240000 includes 80,000 annual ground rent rising to 20000, 41000 net surplus for preferred redemption, and 3000 yearly profits. officers listed Henry W. Lawrence president and others.
MENTIONED IN THIS ARTICLE
Indiana
Washington and
Illinois Streets
Indianapolis
Ind
Claypool
Dvacvcsers
Coe Roe
Henry W. Lawrence
Charles E. Coffin
Albert A. Barnes
Medford B. Wilson
Robert B. Keith
Bear News Wheat Holds and Prices Rise Locally
Short covering checked the decline and small leases, with corn dull and provisions lower. Wheat reached a new high price in the local market, No. 2 red advancing to 8 1/2 cents. Oats remained steady as local market activity improved.
Present Market Conditions From Grain Brokers Report
Grain brokers report mixed movement in corn and wheat with receipts varying by day. Public corn receipts total 90 cars this week, wheat 5 cars so far, while country elevators hold corn awaiting higher prices. World shipments and domestic stocks show variability, with India and Argentina expected to influence supply and Minneapolis stocks rising despite lower Northwest receipts.
MENTIONED IN THIS ARTICLE
Board of Trade
Broomhall
Reet
India
New York Produce Exchange
Liverpool Corn Trade News
Atlantic
America
Chicago
New York
United Kingdom
Argentina
Australia
Minneapolis
Minneapol
Daluth
Northwest
Dull Wheat and Corn Trade Amid Holiday Slowdown
In Chicago the wheat market shows inactivity ahead of holidays with lack of snow across the winter belt and heavy arrivals in Kansas City and St. Louis. Foreign news is bearish while Australia and New Zealand crop totals reach 80,000,000 bushels, signaling a record surplus. Corn trading mirrors the lull as traders await after Christmas.
MENTIONED IN THIS ARTICLE
Liverpool
Australia
New York Market Report on Flour and Grain Prices
In New York December 22, flour receipts 37 bris, exports 386 bris. Rye flour steady, buckwheat dull, corn meal steady. Wheat receipts 37,100 bu, exports 108,782 bu. Spot easy, No 2 red 5 3/4?c elevator, No 1 northern Duluth 0. b afloat, No 1 hard Manitoba nominal 0. b afloat. Options steady near last night’s prices. War rumors faded by consol gains. exporters withdrawn from cash market. Heavy Southwest movement and easy cables prompted some selling. market otherwise steady to firm with light clearances. Coffee futures opened lower, fell on weak cables and liquidation, then closed steady to firm. Molasses firm, sugar raw nominal, hops, hides, leather quiet.
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Chicago
Argentina
Far East
Shorts
Bradstreet
Minneapolis
Duluth
Illinois
Laval
Porterfield & Co
Northwest
A. R. Thompson & Co
Kansas City
St. Louis
Paris
New York
Manitoba
Ft. O
Lee
Bert Ink
Co. Bu
Cate
Dee
Cincinnati
Dec
Northern
WMC
Toledo
Sike
Liverpool
Bee
Baltimore
Milwaukee
Grain and agricultural markets report with mixed prices
Market notes show mixed grain prices with corn, oats and wheat fluctuating across cities. Kansas City reports steady to higher grains on some tracks while Duluth and Minneapolis list varying prices for No 1 Northern wheat and nearby contracts. Pork lards and bacon ease while other staples hold. Receipts for wheat, corn and oats noted in multiple markets.
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Home Brewing Co
Indiana Trust Co
Lathrop & Haueisen Zcs Law Building
Columbia American National Bank
Newson Toymd
Fletcher Bank
Bankers and Brokers
Lombard Bldg
Daily Market
Minnesota
Thos. C. Day
Law Building
Baker-Vawter CO
Copeland
Stevenson
A. Green
A. Fletcher & CO
East
Washington Street
William A. Hughes
Eeeeeeeeeeeseesesese Commercial Trust Co
BE. Marketi i
Brazil
Smyrna
Ori
Cabot
Dwight Anchor
Lonedale
Pepperell
Androscoggin
Ag Og A
Argyle
Carlisle
Dwight Tye
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Anta
Sige
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Cordis
Ite
Cor T
ACE
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Shetucket
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American Central Life
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Delaware & Madison Co
Indiana Hotel Company
Indiana National Manufactur
Indiana Union
Martinsville
Indis Fire Insurance Co
Union Tract
Union Trust
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Eee
van Camp Hardware Co
R. T. Tadlenapois
Columbus
Sout
Light & Cy Merchants
Heat & Ht Co
New Telephone L. D. Union
Atchison
Central of New Jersey
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Northweste
Golorado Southern
Sita
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Treasury Statement
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I.nigs
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