EXPORT TRADE BRISK INSURANCE BROKERS BUSY
Foreign trade council to meet in New York Monday to shape plans for restoring American flag to high seas and quick passage of ship registry bill urged. Marine insurance underwriters report European demand for American goods rising, rates up 30 percent, shippers cautious on war risk refunds, sugar market active amid war threats to European beet industry.
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Foreign Trade Council
New York
Atlantic
Prince
Great Britain
Europe
France
Germany
Austria
Russia
New York Chamber of Commerce
Senator O'Gorman
Bill Trade Council
Marchanta Marine Committee
Panama Canal
Altamata
Tduce Congress
Foreign ships watched as US seeks to keep China neutral
The State Department monitors German communications and Far East tensions as officials draft a new proclamation to define US neutrality. Officials caution on German naval moves, warn customs to scrutinize foreign vessel clearances, and note Switzerland plans neutrality while Argentina proclaims neutrality in the European war.
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Far East
Officinia
China
Shah
Yang Kwai
Legation
United States
Hamilton Fish
Fish
Germany
France
Japan
Austria Hungary
Russia
State Department
Charlé Hubscher
Switzerland
Italy
Vienna
New York
Department of Commerce
Department
North Atlantic
St. Thomas
Atlantic
Denmark
Argentina
Brazil
Peru
Europe Encouraged to Hold Cotton For Now
A fourteen member Congressional committee urges holding cotton for six days to stabilise markets amid war disruption. They warn Europe will need more cotton than expected and that transportation routes will be kept open. They predict U S Canada demand will absorb much of production and urge federal state and local agencies to cooperate to market the crop without sacrifice.
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Cotten
Congress
Fincuss
Europe
Willa
United States
Canada
Saya
Hiltatn
Painter dies after Philadelphia police blow forgery case
Bortes, alias William Boland, 25, a Misnets resident and painter, died in Washington Asylum Hospital from injuries after a Philadelphia officer struck him with a club during a forgery arrest. He had been held for grand jury action. coroner says no inquest unless Philadelphia requests. Roosevelt adventures feature mammoth anteaters in South America.
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Bortes
Philadelphia
Malter KE Borden
William Bo-land
Washington Asylum Hospital
Borden
Nevitt
Bank Outlook Clears Fewer Call Loan Inquiries
News from New York indicates the New York Stock Exchange will not reopen until financial conditions justify it. A five member committee warned against premature reopening, citing credit, foreign exchange, and overall market stability as the guiding factors. The period saw easier time money and improved signals from interior banks, with Canada drawing $1,000,000 to ship to the Dominion and domestic borrowers feeling less strain.
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New York
Wall, Street
New York Stock Exchange
Stock Exchange
Europe
Committee of Five
Exchange
Great Britain
England
Dominion
Treasury Notes and Bank Subtreasury Figures Reported
The article notes the best name rate at 6 percent and hints interior nathtutona entering the paper market next week. It shows emergency currency issued and delivered totaling $21,212,000 for % banks, with applications and pending sums reaching $78,461,000. During the day 112 people deposited $71,333 at the subtreasury for remittances to Europe for relatives and friends.
MENTIONED IN THIS ARTICLE
Interior Nathtutona
Europe
Record Wheat and Crop Forecasts From August 1 Report
The Department of Agriculture released an adjusted crop outlook for major staples. Winter wheat totals now forecast at 675 million bushels with all wheat at 911 million. corn at 2.634 billion. oats 1.152 billion. white potatoes 370 million. tobacco 791 million. hay 69 million tons. Conditions and acre yields are listed for crops including spring wheat, rye, buckwheat, flax, rice, and apples.
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Department of Agriculture
Market Stability Amid Crisis Shifts in U S Trade
Dan's Review reports the American economy shows resilience under unprecedented conditions. It notes demoralization prevention in markets and orderly trade, with worst stress over and export trade disruptions easing due to foreign exchange and shipping measures. Weekly US commercial failures 358 vs 265 last year. Canada 67 vs 31.
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New York
Dan
United States
Canada
Five-Parent Wheat Found At Cambridge Farm Triumph
London reports Prof. Rowland Biffen of Cambridge University has developed a new wheat with five parents. The variety is hardy and 3 to 3.5 inches tall, stout straw, good for milling, and suited to the Fen country. It will be marketed next year. Other Biffen crops include Browick, a cross of the red File and old English wheat, noted for heavy crop and excellent grain.
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Cambridge
London
Rowland Hiffen
Biffen
Bank of England Receives Large Gold Inflow From South America
London reports bullion totaling 17.83 million dollars brought into the Bank of England today. A separate release notes India’s 10 million dollars set aside for loans and credited to India’s secretary. An additional 1.176 million dollars contracted for shipment tomorrow. New York producers decide to reopen the cottonseed market on Monday August 10.
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South America
London
Bank of England
Dai- Hon India
India
New York
New York Produce Exchange
Forecasts of the Weather Not Yet Reduced to Real Scientific Basis
Garrett P. Serviss argues that weather predictions lack a solid scientific foundation. He notes predictions hinge on atmospheric states and averages, yet remain uncertain due to shifting conditions and the limits of meteorology. The piece critiques overconfidence and stresses the need for better mastery of atmospheric details.
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Garrett P. Serviss
Adam
Garden of Eden's
Gold Exports vs Fresh Alaska Gold Supplies
Washington reports Alaska yields valued at 900000 in a single shipment. Over the coming year Alaska and U S mines may bring total fresh gold near 90000000, suggesting a future balance with exports. Experts debate the safety line and potential gains from Mexico.
Continental Cottonseed Oil Co Dissolves Over Regulation
The Continental Cottonseed Oil Company of Texas, a New Jersey corporation with offices in Jersey City, filed notice of dissolution with the secretary of state. It had capitalization of 3,341,681 dollars. The dissolution cites legislation in Texas and New Jersey, including the Seven States law regulating corporations, as causes.
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Texas
New Jersey
Trenton
Continental Cottonseed Ol Company
Jersey City
Secretary of State
Treasury Report Highlights August 6 1914 Financials
United States Treasury publishes Transactions and financial condition for August 6 1914 detailing daily revenue receipts 1 515 529 13 and ordinary disbursements 3 040 428 66. It lists month to date receipts 83 585 458 40 and notes gold shipments to Europe amid wartime uncertainty. Mention of silver certificates and gold production outlook by John Hays Hammond.
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Frank Sintooat A. Vanderliy
Treas
McAdoo
United States
Europe
Treasury
Cneelin
Philippines
John Hays Hammond
Gold prospects and U S supply outlook discussed in New York Grain
The column argues Alaska hosts gold veins but not a near term mother lode, while U S mines will supply about 90 million in gold annually for years. Europe’s Rand mine output faces labor trouble, Mexico and South America hold future potential, and Panama Canal development could boost gold mining regions. The report also notes current grain prices in Holland New York with spot and futures moves across wheat corn oats rye and barley.
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Hammond
Lke
John T. Jones
Alaskan
Alaska
United States
England
London
South Africa
South America
Mexico
Panama Canal
Pacific
Bolivia
Holland
Opposed to NY Y C merger legal action filed
Anné L. De Koven and Cecil Barnes of Chicago as trustees under John De Koven's will, on behalf of Lake Shore and Michigan Southern Railway stockholders, sue in federal court to bar the proposed consolidation with New York Central and Hudson River Railroad Company. They seek an injunction restraining officers and directors from pursuing the merger.
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New York
Annié L. de Koven
Cecil Barnes
Chicago
Til
John de Koven
Lake Shore and Michigan Southern Railway
Federal District Court
Lake Shore and Michigan Southern Railway Company
New York , Central and Hudson River ‘Railroad Company
Live Stock Markets Report From Chicago and New York
Hogs show strong demand with varied prices across categories. Cattle receipts around one thousand with steady to firm values for beeves and feeders. Sheep receipts near six thousand in Chicago with higher prices for lambs and yearlings. New York reports mixed calf and sheep figures amid fluctuating hog prices.
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Chicago
New York
New York Produce Prices Aug. 7 Butter to Coffee
Market notes from New York report steady butter receipts 7 008 bags and firm cheese with 1 00¢ boxes. Hog receipts 13 215 cases and poultry prices mix with alive Western chickens fowls and turkeys listed. Flour and pork prices firm with various patent and winter grades. Rice flour and cornmeal steady to strong. Lard firm and sugar ranges steady with refined and confectioners items. Coffee Rio and Santos prices shown.
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New York
Sylvania
Benner
Grollard
Ross
Fimer Mets
Rio
Santos
Philadelphia Markets Report With Mixed Grain and Poultry Notes
Philadelphia markets update shows butter steady and eggs firm with near term receipts around 700, Western and Asia trade sparse. Cheese and wheat price movement uncertain with No 2 red spot and Northern Duluth export values. Corn and oats hold firm with local demand steady. poultry live and dressed prices steady. tallow unchanged.
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Philadelphia
Steedy
Asia
Duluth
House Committee Hearings On Potomac Electric Rail Merger Split View
Washington and Potomac Electric faces a push for a new financial plan as hearings on separating the Potomac Electric Power Co from the Washington Railway and Electric wrap. Rail counsel Ham and engineers Baylor and Lincoln fault the utilities commission, urging consolidation and a broader finance program to sustain city growth.
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Washington Railway
Potomac Electric
Railway
Potomac Ellectric Fower Company
Waerington Railway and Electric Company
House District Committee
W .F. Ham
Charles ¥. Holm
Newt York
R. K Baylor
General Electric Company
Paul R. Lincoln
Westinghouse Electric and Manufacturing Company
Mr. Ham
Public Utilities Commission
Prouty
Raiway Company
Picayune and Peanut Business
Johnson
Syme
Helm
Bank of England Report: Reserve Shrank. Public Deposits Fell
The Bank of England weekly statement shows reserve down by 16.903 million pounds while circulation rose by 6.24 million. Bullion fell 10.500 million, other securities up 18.044 million, other deposits up, notes reserve down 0.029 million, government securities up 26 million. Reserve ratio 14.69 percent, discount rate steady at 6 percent.
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London
Bank of England
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