Steel Leads Market Rally Amid Mixed Gains and Higher Totals
The New York stock markets resumed activity with broad gains and notable strength in steel and allied shares, United States Steel rising to its highest in weeks while Bethlehem Steel faced pressure. The week brought improved money market signals with rising call and time loans and a large share turnover tied to short-covering, as rails and shipping showed limited momentum.
MENTIONED IN THIS ARTICLE
United States Steel
Bethlehem Steel
Missouri Pacific
Federal Reserve Bank
Washington Stock Exchange Quiet Session Notes Prices
Washington Stock Exchange had a small turnout and minimal activity with few price changes. Quotations remained generally steady from the prior week as tiny trades occurred in Washington Railway and Electric Preferred, Washington Gase, American National Bank, and Mergenthaler.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
Washington Railway and Electric Preferred
Washington Gase
American National Bank
Mergenthaler
Cotton futures rise to new high on New York market
The New York cotton market saw a general advance of about a cent per pound, with August contracts surging to 27.50 for a new high. October contracts rose to 26.10, closing at 26.06, and the overall list ended with a net uptick of 109 to 116 points. Futures quotes showed multiple bids and close values around 25.80 to 26.67.
MENTIONED IN THIS ARTICLE
New York
Contrac
Wheat and corn futures slide on rains across the Midwest
Trading closed nervously as rain drenches Kansas and nearby states, tempering corn prices by 2 to 2 1 2 cents and leaving values for December and May mixed. Wheat fell about 2 1 2 percent, oats slipped, while provisions rose. Local markets show varied prices for wheat, corn, oats, rice and dairy, with livestock receipts mixed across New York and Philadelphia regions.
New York Money Market Rates and Commodities Report
The New York money market shows 60 day bills at 4.71 4.72 percent with demand around 4.75. Government bonds steady while rail road bonds are irregular. Prices for dairy, poultry, cheese, sugar, coffee, and pork/lard are listed with current market levels and receipts.
MENTIONED IN THIS ARTICLE
New York
Wall Street Notes on Gold Imports and Corporate Charters
New York reports gold imports to the Philadelphia mint totaling 48 600 000 from Canada for J P Morgan Co raising monthly to 14 000 000. Gold imports since war entry total 214 000 000 this year 516 000 000 since war began in Europe 1 677 000 000. Charter activity shows a surge with July incorporations above 492 965 800 year to date 100 000 or more. Eastern states lead charter counts while rail and utility earnings for July show mixed gains and declines across Chesapeake and Ohio Southern Railway and Western Maryland.
MENTIONED IN THIS ARTICLE
New York
American Tel. & Telel
Armour & Co
Atchison Gen. da
Atchison cv
Central Pacific
Chesapeake and Oh
Chesapeake and Ohio
Chicago
Chicago Great Western
Chicago, Mol
St. P
Mil
St. P. Gen
Chicago & North
Colorado & South
Sbeaver & RG
Denver & R. G
Teminion of
Canada
Erie cv
Erie
General Electric
Great Northern
Tilinoia Central
Illinois Steel
Interborough
Sligo
Interborough Met
Inter Mer Marine
Kansas City
Southern
Lackawanna Steel
Lake Shore
Necadeas
Liggett & Myers
Pennsylvania
Dhe Ie
Republic Steel
St Louis Southwestern
Seaboard
Adj. Ag. Stl
San Fran
R. RK Adj
Southern Bell Tel
Southern Pacific Ev. Ie
Southern Facific
Southern Railway
Texas Company
Cy Se
Texas
Union Pacific
Union Pacific Oy
United Kinedown’ Ba
S. Rubber
Oesim T S. Steel As
Virginia Car
Chemical
Western Union
Philadelphia Mint
J. P. Morgan & Co
Europe
Credit must be extended to allies for war effort says French review
Paris reports a Journal des Debats review urging the United States to open large credits for France and England to sustain the war. It argues American payment in gold is unnecessary among allies and stresses the need for continued assistance without immediate cash settlements.
MENTIONED IN THIS ARTICLE
Paris
Journal Des Debats
America
France
United States
Illnels
England
Europe
D C Postal Receipts Soar In July 1917 Washington Office
Postmaster Chance announces Washington office receipts for July 1917 rose 11.25 percent from July 1816 as wartime mail volume climbs. He notes positive business conditions despite the war, citing higher work levels though revenue up only about eleven percent, much mail being government frank.
MENTIONED IN THIS ARTICLE
Chance
Washington
Frank
United States Money in Circulation Hits Record August 1
Treasury reports total currency in circulation across the United States reached a new high of 4.852 billion on August 1, up nearly 23 percent in a year. Including Treasury-held funds would raise the total to about 5.513 billion. Per capita circulation stood at 46.53 dollars, up 37.53 percent in a year, with gold in Treasury and in circulation totaling roughly 3.096 billion, up by 686 million in a year.
MENTIONED IN THIS ARTICLE
United States
Treasury Department
Treasury
Metal market and grain prices aid cautious trade
The report shows copper steady at 26.50 to 28.00 with various near term bids, iron prices firm with several No. 2 grades quoted in the 48.50 to 53.60 range, and tin steady at 63.50 spot. London quotes copper at £125 spot, futures £124, tin £246 spot, £242 futures. Wheat spot steady at No. 2 red 2.60 and No. 1 2.65, corn firm at 2.44 for No. 2 yellow and 2.42 for No. 2 mixed, oats easy at 88. These prices reflect a cautious trading mood in metal and grain markets.
MENTIONED IN THIS ARTICLE
Chicago
Kansas
Toepka
Shorts
Riba
New York State
Virginia
Hennery
Southern
N. C
New York
Philadelphia
Western Creamery
F. c
Tlerces
Baltimore
Maryland
Pennsylvania
West Virginia
Ohio
Northern
London
F. O. B. Newark
Pawnbroker Again Faces Loan Trial
George D. Horning a pawnbroker at Ninth and D streets NW was arrested by Detectives Evans and Warren on a loan law violation charge. He was booked at police HQ then released on recognizance to await his court appearance. The case centers on his operations including a messenger and free auto service between city HQ and a Virginia office. Past charges have led to acquittals.
MENTIONED IN THIS ARTICLE
George D. Horning
Ninth
D Streets
Evans
Warren
Horning
Virginia
D Street
Corporation Counsel’s Office
Clock in Post Office Tower Resumes Duty After Rest
The large clock at the Post Office Department tower on Eleventh Street and Pennsylvania Avenue restarted after winding with a one ton weight, resting for nineteen hours from 2 pm Sunday to 10 am yesterday. Locals saw rapid hand movement as adjustments were made. it ran seven hours in seven minutes before winding down again after a week of steady work.
MENTIONED IN THIS ARTICLE
Post Office Department
Eleventh Street
Pennsylvania Avenue
ASK PAY ROLL TRANSFER TO ANNUAL PAYROLL
Seven hundred District employees on per diem pay seek transfer to the annual payroll under a petition filed by a seven member committee led by Joseph Hurley and A. T. Lewis. They also urge Congress to place District workers under the Federal liability act and seek permanent wage increases.
MENTIONED IN THIS ARTICLE
Joseph Hurley
A. T. Lewis
Charles Gerber
William F. Franklin
A. L. Thompson
Thomas F. Duling
George W. Swink
Congress
German Legacy Ruling Sought By Executor Over War Funds
District Supreme Court asked to decide if an executor may hold thousands in a German legatee’s fund during the war rather than transfer to Germany. Fred L. Vogt petitions through C. H. Merillat to act as custodian of the money for legatees in the German empire.
MENTIONED IN THIS ARTICLE
Germany
District Supreme Court
Fred L. Vogt
Henry Steffenhange
C. H. Merillat
Legateen
German Empire
Vogt
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Price Rally General
Peete Alan
Baltimore Securities
Maryland Trust
Houston
Balto
City
OTM
Con
N.O
Penn
United Rys
Elec
Electro
Oil City
Boston
Atty Adventura
Algomah Attey American
Daly
Arizona
Cal
Arizo
Massachusetts
Mayflower
Old Dominion
St Mary M. U
Wolverine
Wyandot
U. S&s
Panama
Local Stock Exchange
NEW York Stock Market
Chicago Grain
Bujis
Choide
Washington Cattle Market
Washington Gaz
American Nations Bank
Mergenthaler Inatyes
Geotown
Georgetown Gas
Washington Gas
Capital Traction Co
Lowee
Ana
Pot
J. R
Alaska
Metropolitan
R. R
Chalmers
Balto. & An
Alex
Mt. Monee
New Orleans
Kennecott
Kan
Mobile
Galveston
Maxwell M.sps
Tel
Teleg
Norfolk
Maxwell M
Tel & Tel
Cdl
Tr. Bs
OTS
Int. Corp
Miami
Col. Paba
Midvale Steel
Mt. Co
Locomac
USA
Iba
Sta. & Bate
Sun
Mo. Pacific
R. Steamboat
Holiday
Ricks
Savannah
Charleston
Sumatra
Nat. Cond. & C
N. Enam. & Ad
T. Pf Nw
Wlec. Com
Memphis
Aete
Am. Woolen
N.or
T. & Mex
Wash
St. Louis
Woolen Pr
Gentral Oe
Ae & W
Steamboat
Cincinnati
W. P
North & Woot
Amer
Tel. & Tel. Co
North Amer
Montgomer
Atchison
North Pacific
Tod
OON
Ees
Comery
Pacific
Greene-Cananea Coppar
Barrett Cap
National Bank
Lom
Batnpolis
foojCal
Petro
Pitts
W.va
Warmers & Mechanics District
Federal
Sen
Iy Ely Ely
Lincoln
Leath
Ray Fon
Ry. Steel Sp
Cerro de Pasco
Readias
Ches
L & Bt
Truhnt Company
C. M
Royal Dutch
TOO
St. P. Putilie Ilo le
Seab, AL. Pt
Amer. Security & Trust
Sears-Roebk Wfto
National Savings & Trust
Nowicalep
Shattuck A.C Bam
Union Trust Oe
Sinclair
Wash. Loan & Tru
Chile Copper
Continental
Studebaker
Southern Ry. Pf
AH SB
East Washington Savings
Ist
Ins Co
Superior Steel
Tenn. Co
Chem
Arlington
Texas Co
Cuba A. Sugar
Cuba
Jumped & Hudson
Den
Rio G.p
Tran
Eussar
Union Pacifi
Groexs
Union Pac. Wae
Chapin-Sacks Co
Ci Alloy St. Stor
Col. Paper Mig Co
C. Wa
Qrephophone
FF. M
Grapho
Mer. Trans. & Storas Ze
Aes Ge
Security Storage Co
Goodrich
Motera
Utah
Utah Sec. Corp
Northern Pf
C. Ar. Chem
Enn
Greene C. Cony N. Ore
Va. Pe
Gulf S. Steel
Wabash Pr
Agricult
Iwest
Wabash Pf
Abalwest' House
Wil. & Co. Cor
Aetna
Fesluctio
Big Ledge
Canada Butte
Calumet & Jer
Crhon Steel
En & Co
Tliss Aero
Ok Home
So Hominy
Spa
Joseph Lea
Submarine Corp
Tag
United Motors
Hercules
Habana Tobacco
Zenied C. Sales
Victoria Oinew
Ukon
Pr P. L
St. of of Cal
St. of
Ind
N.S
N.Y
A. G
Tate
Coyfee
Rio
Middle West
Wall Street
New Jersey
Maine
Delaware
Southern Hailway
U.S
Paris Review
D. C
George W. Whits
CH. P. Johnson
A. A. Hoehling, Jr
Aasi Bob
BAGNE
Pris
Metropolitan Bank
St. Opp U
A. B. Leach & Co
Flather, Moorhead & Elmore Gap
Crane, Gilpin & Co
Washington Block Exchange
14Th St. TusPesre Veer
National Savings & Trust Company Cor
N. Y. Ave
NEW York Grain
Representative Bland
Washington Post
Cumberland, Md
Oscar E. Bland
Linton, Inc
G. D. Horning
Cook
Pn American Paper
T. R. J. Campbell & Co
Southern Building
Union Savings Bank
WADE _H. COOPER
GEO. J. Easterday
Merrill, Lynch & CO
Detroit
Cleveland
Woodward Building
New York Stock Exchange
Bonbright & Company Moereis
Wistar Stroud, Jr
Chestnut St
William P. Bonbright & Co
Bonbright & Co
Carl Robertson Kurtz
Colorado
Bidg
Colonial Beach
Potomac Consid
Ds Capital Traction
Ash. Rwy
Wash. Rwy
Capital Traction
Rwy
Baseball Club
Oklahoma Oil
Thomas L. Hume
G Street
St. N.W
Woodward
Harrison Kinnier
Maer
Broadway
Atlantic City
Trenton
Newark
District of Columbia
Swartzell, Rheem & Hensey Co
Fifteenth Street
N. W
The
Great Empire State Petroleum Association
Tex
H St. N. OW
Washington, D. C
N. H. Mason
John L. Edwards & Co
N.Y. Ave