Weight In Prompts Wall Street Rally Across P&L
The distant brisk mood on Wall Street is linked to the Pennsylvania Bond issue and rail financing improvements. Traders note steady yet cautious prices amid sparse buying, with confidence rising from abundant global money and expected higher railway freight rates. Crop prospects also brighten sentiment for the economy.
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Digwidt
Strange remark on stock market and harvests in Kellogg note
A fragment from Daniel F. Kellogg questions how harvest abundance may offset the stock market pressures tied to a looming presidential campaign. The text hints at broader speculation on market resilience versus political cycles.
MENTIONED IN THIS ARTICLE
Daniel F. Kellogg
Banks Full of Money and Idle Funds Seek Employment
Banks and business men look to invest idle funds after a week marked by a $5,000,000 gold export. Cash holdings rose $1,334,800 under the old system and $9,047,000 under actual conditions, with the surplus reserve at $48,984,750 above legal requirements. The note stresses the drive to put money to work.
MENTIONED IN THIS ARTICLE
New York Herald
Gold hoarded abroad Pennsylvania's bond sale sparks concern
London reports buoyant American stocks but widespread stagnation and crumbling prices as the Pennsylvania Railroad 4 per cent consolidated bonds draw interest. Analysts warn successful issue may lure other U S railways, risk shifting investor demand from British securities and impact gold flows and Bank of England policy.
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