Railroad stocks show strong grain and coal activity
In New York July 7 traders closed commitments ahead of a three day holiday. Grain carrier rails led gains with Rock Island jumping 54 points and Missouri Pacific advancing. Soft coal lines Pennsylvania and Hocking Valley firmed as anthracite mining lagged. Overall market cooled after early strength amid weak bank statements and currency demand. Bond demand remained firm with total par sales of 2 759 000.
MENTIONED IN THIS ARTICLE
New York
Rock Island
Missouri Pacific
Pennsylvania
Hocking Valley
United States
Money market and exchange rates from major cities
Reports show varying rates across cities with clearings and balances: Indianapolis clears 1,664,853.44 dollars with 127,681.17 balances. New York call money at 5.75 6 per cent. London and Paris exchange figures and discount rates. New York bar silver at 52 1/2 per cent, Mexican dollars at 42 per cent. London silver bars steady at 244d.
MENTIONED IN THIS ARTICLE
Indianapolis
New York
Prime Mercantile Paper
Sterling Exchange Firm
M.myeliy
Chicago
New York Exchange
Boston
Philadelphia
ST. Louis
Baltimore
Cincinnati
London
Paris
Berlin
Banker Listing of Services and Functions
The text outlines a banking entity that transacts general banking business receives deposits subject to draft and collects dividends remitting them. It acts as fiscal agent for corporations and negotiates security issues for railroads and other companies. It deals in government bonds and other investment securities and executes commission orders.
Treasury balances reveal available funds and gold reserve
Washington reports Monday balances in the general fund excluding the 150 million dollar gold reserve. Available cash stands at 203,183,614 dollars while the gold reserve totals 103,687,026 dollars in the division of redemption.
MENTIONED IN THIS ARTICLE
Washington
Treasury
New Suit Filed Over United States Steel Stock Conversion
A new suit in Trenton New Jersey seeks to restrain United States Steel Corporation from converting preferred stock into bonds. Vice Chancellor Emery granted a rule to show cause returnable July 15 in Newark with a temporary order restraining the conversion. J P Morgan & Co are named as defendants along with all Steel directors. The suit, brought by Hopkins Brothers, claims dominance by Morgan and allies in the board. In Kansas City, Judge Mook denied the Christ ie Grain and Stock Company bucket shop, setting up an appeal to the U S Supreme Court.
MENTIONED IN THIS ARTICLE
Trenton
N. J
United States Steel Corporation
Court of Chancery
Emery
Newark
Miram Berger
Steel Corporation of
J. P. Morgan
J. P. Morgan & Co
Kansas City
Mook
United States
Chicago Board of Trade
Christie Grain and Stock Company
Chicago Board
United States Supreme Court
Steamers Collide in Thick Fog at Boston Harbor
In foggy conditions a collision occurred between the Cumberland of the Eastern Steamboat Company and the Admiral Farragut of United Fruit Company in Boston harbor. The Cumberland sank near the dock but landed passengers safely. the Farragut returned to berth with damage.
MENTIONED IN THIS ARTICLE
Boston
Eastern Steamboat Company
Cumberland
United Fruit Company
Admiral Farragut
Tessengers
July Corn Rally as Coterie Controls Trade
Chicago notes show July corn forced higher by a private group of traders amid rains in the West. September corn advances, wheat fluctuates, oats slip early then recover, while July corn closes fractionally higher as shorts cover slightly. Provisions rise on strong demand and shorter positions despite mixed cash markets.
MENTIONED IN THIS ARTICLE
Chicago
St. Louis
West
Shorts
Minneapolis
Duluth
Seaboard
Northwestern
New York
Minnesota
Brandywine
Ainate State
Trade in General. Markets across cities report changes
The July reports show flour, wheat, corn, and pork prices shift across Cincinnati Louisville Baltimore and other centers. Wheat and corn move on cash and futures, while lard and bacon climb. Butter, eggs, and dairy products edge higher in some spots, with varied pork and beef prices noted in key markets.
Live Stock Markets Report From Indianapolis and Nearby
Hog prices rise as buyers push demand higher while cattle and sheep markets show mixed signals. Receipts on Monday included 700 hogs and 2% cattle, with steers and heifers trading at steady to firm levels and calves strengthening, while hogs reach multi year highs. Interstate stockyards reflect regional activity with strong hogs and variable cattle demand, and Buffalo and Kansas City summaries parallel the trend with steady or cautious pricing.
MENTIONED IN THIS ARTICLE
Union Stockyards
Indianapolis
Interstate
East Buffalo
Kansas City
Texas
Ribet
ST. Louts
Cattie
Hecanas
Siesdy
Rome
Louisville
South Omassa
Sps
Westertia
Selzer
East Liberty
Leo Hister
Passenger and freight cars schedules and market report
Passenger cars depart Georgia and Meridian. first at 9 am, last at 1 pm. Freight cars arrive Georgia Meridian at 5 am and 9 am, depart 9 am and 3 pm. Combined Georgia Meridian for Green at 2:33 pm and 3:20 pm. Indianapolis routes from Pennsylvania and Washington: first car at 9 am, last at 1 am. Market notes include higher receipts for cattle, hogs, and sheep. Western cattle steady, hogs higher. lambs strong in St Louis and other cities.
MENTIONED IN THIS ARTICLE
Georgia
Indian
Meridian
G Ja
Meridian Streets
Indianapolis
Greenwood
Pennsylvania
Washington Streets
Sam
Iam
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THE
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395 Law Building
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Mar
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Fixcut
Delaware and
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New Telephone Company
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Je Williams
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Haute
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steGen
Illinois and
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West Maryland Street
Muncie
Marion
Alexandria
Ly B
Dam
Elwood
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Greenfield
Franklin K. KR
Las bRosco