Market idle as stock speculation held by large interests
New York reports no change in repressive stock influences and a practically idle market. Large holders hold until underlying valuation clears, with little demand from professionals. Coal strike, pump labor issues, heavy rains, and weak bank reserves dampen sentiment while foreign markets show limited activity ahead of the coronation.
MENTIONED IN THIS ARTICLE
New York
West Virginia
Canadian Pacific
South Africa
London
Sterling Exchange
Government Weather Bureau
Evening Post
Seaboard
United States
Treasury balances show available cash and gold reserve
Washington reports Saturday general fund balances excluding the $156,000,000 gold reserve. Available cash balances total $199,927,884 while gold stands at $98,183,506 in the division of redemption.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Decrease in Cash Reserves Not Necessarily a Menace
New York banks report for the week ending today show loans down and deposits down while circulation rises. Reserve levels slip with excess reserves at 11.26 million dollars, and the official note explains the drop aligns with reduced cash and loan liquidation amid light business and dividend payments.
MENTIONED IN THIS ARTICLE
New York
Associated Banks
New York Associated Banks
Correinal Satara
Bank Statement Fails to Move Dull Market
Private wire advices report a flat market in New York on June 7 with little action from commission houses and dealers. Canadian Pacific leads gains while the bank surplus slips to just under 12 million, a notably low level for the season, and the close remains steady amid dull trading.
MENTIONED IN THIS ARTICLE
Meyer & Kiser
New York
Canadian Pacific
Market outlook hopeful after week of gains and pressure
The New York market report notes improving sentiment despite ongoing industrial strife. Traders expect better conditions ahead as both sides in the strike maneuver for leverage, with public opinion likely to force concessions. Until settlement, activity remains dull but not entirely stagnant.
MENTIONED IN THIS ARTICLE
Granger Farwell & Co
New York
Remarkable Photographs of the Turin Shroud by M Vignon
M Vignon presented a paper to the Academy of Sciences with photos of the Turin shroud said to be Christ. He describes markings forming negative impressions when ammoniacal vapors contact the fabric and oil, noting head wounds crown of thorns blood marks and scourge stripes. He argues the nail marks lie at the wrist and defends against fraud. The report notes widespread scientific and religious interest.
MENTIONED IN THIS ARTICLE
London
Lancet
M. Vignon
Academy of Sciences
Turin
Christ
M. Vignen
Pompei
The Scarcity of Corks Creates New Trade Inventions
The New York Evening Post reports cork shortages drive a peaceful revolution across trades. Inventors surge with replacements while prices rise, leading to a secondhand cork market, cork cleaning, refurbishing, and new devices like steel cork extractors. Hotels, restaurants, and saloons treat corks as valuable privileges, with waiters using corkscrews and peddlers selling discarded corks to secondhand dealers.
MENTIONED IN THIS ARTICLE
New York Evening Post
Everage
Mai
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