Market Buoyancy Shrugs Off Bear Pressure and Rail Rumor
The Washington Post reports a buoyant New York market with widespread gains in active stocks and investment shares followed by late-session weakness as bears took profits. Despite rumors of a rail price cut and mixed economic news, experts maintained confidence that the long decline could turn upward. Bank reserves rise, and July building figures show a downturn, while corn crop prospects stay favorable ahead of the government report.
MENTIONED IN THIS ARTICLE
Washington Post
New York
United States Steel Corporation
Thad
Iowa
Bradstreet
Money on call and loan rates in New York market
The Treasury reports money on call easy at 101% with a ruling rate of 1% on call loans. Time loans show dull but steady at 60 days 3 3/4 percent, 90 days 3 4 percent, and six months 4 1/2 to 5 percent. Prime mercantile paper quoted at 4 3/4 to 4 percent. Sterling exchange offered at 4.82984 for 60 bills and 4.9558 for demand. Government and railroad bonds described as steady.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Local Financial Roundup Sees Small Trading Amid Week End
Trading on the local stock exchange was light with Potomac Consolidated 5s at 1001-2 and Washington Railway and Electric preferred at the same level, signaling a firm market. Mergenthaler held at 218, Langston up to Rs 1-2, and rails and banks noted in the roll of honor. The Richmond Belt Line and Southern Railway improv ements were announced along with Georgia Southern and Florida upgrades and a $150,000 expenditure on passing tracks and stations.
MENTIONED IN THIS ARTICLE
New York
Allis-Chalmers
American Agricultural
Washington
American
American Tobacco
Lanston Monotype
Armour & Company Mergenthaler Linotype
Atchison cv
Atchinon Gen
Tehhisone
Washington Bay
Elec. Com
Atlantic Coast Line
Baltimore and Io
Baltimore and Ohio
Washington Gas
Georgetown Gas
Central of Georgia
Eppital Traction
Central Leather Sa
Colt and Suburban Ry
Central Rd
New Jersey
Conmbla Ry
Chesapeate
Ohilo
Metropolitan Rra
E.and Ohio Co
Alton
Chicago, Burlington and Quincy
Ie Dols Waal
Chicago
Milwaukee
St. Paul
Stock Toland
Pact Ic
Ejec
Power Con
Root i
Ion Pov
Elec
Hock Jeand
Puslba
Colorado Industrial Area
Colorado Midland
Colorado and Southern Reinderdon Steam
Delaware and Hudson Tr
Denver and
Rio Grande
Gapital Traction
Btea
Central Electric
Central Istratea An
Tel
Interborough Met
Metwentaler Linotype
Japan
Ansiod
Dppan
Kanna
Lake Shore
Ani
Laureville
Nashville
Greene-Cananea
Kansas
Texas
Missouri
Missouri Parific
Missouri Pacific
National Railwayn of
Mexico
Hstrict
Farmers and Mechanics
Lew York
New Haven
Artiolev
Bsal
Norfolk and Western
Vane
Northern Pacific Dr
Eatern cv
Berrin Pacific
Short
Lsridg
Trust Company
aTooxs
Parevivenia Oy
Ays Sion
American Security
Nu Tiuab
National
Aus Union
Bt, Louie and
San Francisce
St. Louis
States ‘Trust Company
St. Louis Southwestern
Savings Bank
Southwestern
Bani Dear Alr Eine
Adi
Merchanta & Mechanica Savings’ Bank
Southern Pacifie Col
Non Savings Bank
Southern Pp
Southern Pacific Co
Dime Savings Bank Res
Washington Savings Bank
Southern
Southern Railway
Provident Savings Bank
Union Parite
Union Pacitte cv
Arington
Abe Palen
Wabash
National Union
Western Marylans
Wisconsin Central
Inghouse Firectric
Fokonbis
Wibington
Storms Colonial Beach Co
Stein Pump
Taustee
Paty Ee
Wee Asnloyton
Local Stock Exchange
Potomac Consolidated 5S
Washington Railway and Electric Preferred
Washington Railway and Electric Common
Mergenthaler
Langston
Harriman & Co
Hibbs & Co
Lewis Johnson & Co
G G Plant & Co
Battimore
Atlanta
Macon
Georgia Southern and Florida Railway
Mecon
Jacksonville
Fla
Brown
Florida
Standard Railroad of
South
Charleston
Bi C
Augusta
Savannah
Biart
Tampa
Palmetto Limited
Rouge
Chatter S
Wilmington
N. Tance
Orr
New
Orr Ave
N.W
GEO
P. James
C. Meen G
Norfolk and Western Railway
Wison
Union
Norfolk
Rosnoke
Bristol
Ington Taylorville
Neshville
Nap
Goo
Aioe
sPour Eespth Street
Avenus
Bond
Syenue
Tsee Chesapeake and Ohio Railway
Opm
Virginie
Cer
Safah
Roussree Petia
Pellman
Fies Ecgeante
Alto
Sky
F_V. LIMITED
Crete
Kouiavilg
Wess
Oguliners
Seniwee Tau
Seniwee Tau Oe
Goa
Chetapeske Ans
Union Station
Seaboard Air Line Railway
Filipe
Eavinein
Seesonville
Camps
Birmingham
Memphis
Pils Butte
ELA
Harwood
CTA
Builcios
Ryan
Portsmountti
Patareni
Washington Southern Railway
Richmond
Points South
Washington Produce Market Prices and Stock Levels
Wholesale market summary notes steady receipts and generally stable prices across poultry dairy and produce. Chickens and eggs show restraint due to heat with scarce first grade eggs while lamb and beef markets vary by region and transport.
Chicago Grain Market Report Summary
Chicago grain notes show wheat easy on spot contracts at 92 to 99 percent of grade, corn steady around 68 percent, oats unsettled with No 2 white and No 2 mixed around 45 to 44, rye very quiet at No 7 8 and 20. Western domestic figures are mentioned but details are unclear.
MENTIONED IN THIS ARTICLE
Detroit
National Bank
United States
Alber Corr
Treasury
Baltimore
Aus
New York Cotton Falls as Rain Talk Dampens, then Recovers
Heavy selling on renewed rain worries in Texas pushed new crop cotton down 11 to 19 points early. By afternoon covering by shorts and perceived weather exaggerations lifted prices slightly, with August leading gains as shorts covered. Outside demand remained limited despite a fairly active trade, while Texas drought talk cooled.
MENTIONED IN THIS ARTICLE
New York
Texas
Shorts
South
Wall Street Gossip on Market Mood and Copper Talks
Special to The Wabingof New York reports Paris papers note United States Worsted stock listing plans after a large purchase by Paris bankers. Brokers grow despondent as customers flee the market while copper tensions fade, with Amalgamated Copper denying a major alliance and Ryan citing rising copper consumption in Europe.
MENTIONED IN THIS ARTICLE
New York
Aus
Paris
United States
Sny
Wall Street
Amalgamated
Guggenheim
John T. Ryan
Amalgamated Copper Company
Mr. Ryan
Europe
England
France
Germany
Trade Review Notes Mixed Signals With Pig Iron Drop
R G Dun & Co reports irregular conditions with modest improvements in some centers. Pig iron output falls while demand for steel products remains strong, prices easing slightly. Cotton, woolen and dry goods markets show softness and curtailment, but wholesale activity and overseas trade inch forward. Shoes and leather slow with cautious buyers. domestic hides trade steady. Bradstreets shows 166 U S business failures for week ending Aug 4.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
Northwest
Pittsburg
Far East
Haiti
Manila
Santo Domingos
Central America
South American
New England
Bradstreet
New York Produce Prices and Market Report Amid Busy Receipts
New York August market notes firm to steady across butter pork lard and sugar. Butter top grades unchanged with strong hay and mixed cottonseed oil futures. potatoes and cabbages steady, and peanuts unchanged. Receipts reported for butter, cheese, and eggs, with varied prices across regions.
MENTIONED IN THIS ARTICLE
New York
Cherse
Bready
Syentern
Middle West
South America
Jersey
Metal Market reports copper prices and arrivals in New York
The Metal Market New York reports copper markets quiet with spot and futures at varying levels. Arrivals today show 300 tons, exports for the month total 5 055 tons. local billets and alloys quoted for No 2 Northern and No 1 Southern ranges given.
MENTIONED IN THIS ARTICLE
New York
London
Custom House
Cleveland Warrenty Aonna
Poor Quality L-cent Postal Cards Spark Complaints
A flood of complaints reaches the Postoffice Department about the poor quality of L-cent postal cards bearing McKinley’s head. Officials say cards were printed on inferior stock due to a printing office error, and although shipments to postmasters have stopped, many remain in circulation and disappear from use.
MENTIONED IN THIS ARTICLE
Postoffice Department
McKinley
Hitchcock
New Orleans
Post Office
New York grain market scales back gains on mixed cables
Wheat prices firm early on subdued by cautious cables and coop advice, then rose as foreign buyers were seen in Winnipeg and Chicago futures. September 4A 5-1861.09% and December 1.1048 follow, with receipts at 40,660. Corn held steady with No. 2 at 73 nominal, oats mixed with varied weights, receipts 93,600 and shipments 1,760.
MENTIONED IN THIS ARTICLE
Virginia
Oast
Tennessee
New York State
Geers
AMI
California
North Carolina
Chicago
France
Duluth
Boston
Oiiver Mi
Os Butte Coalitio
Centennial
Fast Butte
Giroux Coloy
Greene-Cananea
ST Mohawk
Nevada
Utah
Utah Copper Co
New York
Aug
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THE
United States Treasury
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Columbia National
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Riggs
Maryland
Straus
Richmond, Fredericksburg and Potomac Railway
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Lée
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Consolidated
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Ener
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Howsten
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Continent
NEW York Stock Market
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Iowa Central
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Kansas City Southern
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Minneapolis and St. Louth
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M. Kans
Kans
Tex
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Smett
Nat
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Ont
West
American Sugar Reanin
Wis Ryt
TOM Norfolk and Western
American Tel
Anaconta Mining Co
Pennsylvania
Atchison
St. le
Bethlehem
Pullman Palace
Brooklyn Rapid Railway
Canadian Pacific
Gentral
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Ty Lenol
Republic Steel
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Colorado
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Pacific
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Feat
Delaware
W. Pf
Denver
Union Pacific
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Securitie
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Erle
United States Rubber
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Erle 2d
Moss Central
Carolina Chemical Ptd
Ica
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TM Wabash
Inter
Imi Western Maiaaayan
Wertinghoure Elec
Fay SR
International Marine Pfd
Western Union
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Wheeling and
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Byl SM
International Pump
Aay
W. B. Hibbs & Co
Bankers and Hibbs Building
New York Block Exchange
Chicago Board of Trade
Metal Market
W. A. H. Church
N. H. Shea
A. G. Clapham
John Poole
Samuel J. Henry
Herbert V. Hunt
John A. Johnston
Eldridge E. Jorde Rudolph Kauffman
Ae ‘W. Les Bart
Robert B. Roose
Charles F. Schredlarick
Hneld
Travel
Credi It Issu Commercial National Bank
N. W
U. S
E. Quincy Smith
W. Woodward
John B. Sloman, Jr
George P. Foster
Theo. W. Noyes
Henry J. Goodman
Joseph EH
Ralph George H. Harries
Louis P. Shoemaker
Wilton J. Lambert
F. L. Siddons
Gustave LansburghJohn
B. Sieman, Jr
Lee D. Latimer
Quincy Smith A
BE. Lu
Leckie M. A. Winter
W. H. Lynn
Union Savings Bank
14Th Street
New York Stock Exchange
Washingon Stock Exchange
Fubbs
District of Columbia
Swartzell, Rheem & Hensey Co
Win Street Northwest
National Bank PA Ave
U. S. Treasurt
NEW York Grain
Ee Oe
Faysafe Sopresit
National Savings and Trust Company
15Th and
N. Y. Ave
Equitable Co-Operative Building Association
Equitable
Office OF the Commissioners
Igat
Sheris
Chef Cerk Es- Kinter
Bullog
Oleh
John A Johnston
Omermissioners
Office OF the
D.C
H. Rudolph
D. C
Dietrich
Rudolph
John A. Johnston Markham
Tomuesioners
D. and
Orestomarmias
Commissioners
Chevy Os School
Engineer Department
Cunoh
Commissioners OF the Distrint of
Columbia
Western High School
Reservoir
Thin City
2. C
Cgno H. Rudolph
E. MW. Mark
Cuno H Rudolph
John A. John
E. M. Markham
Baltimore and Ohio Railroad
Philadelphia
Phila
Nas
Susso
Grate Igs
Chica Aco
Ats
Louvieville
Abung
Columbus
Cumberland
Dallas Bondsy
Grav. R
Wategee
Cees
Penn
Beata
Infertanton
Chesapeake Beach Railway
Chesapeake Beach
Noticn
District Line
Paul Y. Waters
New York Avenue
Lincoln
En Southern Railway
N. B
Seb
Diniog
Transper & Storage
Caine
Plains
ERIEG
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