Finance and Market Mixed on Wall Street as Industrials Rally
U S Steel closed at a fractional loss after early gains as investors noted expected financing by leading firms and a push for lower war prices. Studebaker cut its quarterly dividend and tobacco and sugar pools renewed activity with American Sumatra Tobacco reaching a new high. Total volume reached 440000 shares with bonds easing slightly.
MENTIONED IN THIS ARTICLE
New York
Studebaker
Bethlehem Steel
American Sumatra Tobacco
United Cigar Stores
United States Steel
Wall Street News and Gossip Highlights Trading Actions
New stock Monongahela Valley Traction listed on the New York Stock Exchange as MH. Government 34% war bonds sold at 99.54 with a new low price for full lots. Brudebaker directors in South Bend, Indiana declare quarterly dividends of 1% on both preferred and common, payable September 1 to stockholders of record August 20. Imperial Bank of Germany figures show rises in coin, bullion, notes, and deposits as of July 31 with total gold holdings at 2,402,195,000 marks.
MENTIONED IN THIS ARTICLE
New York
Monongahela Valley Traction Company Common and Preferred
New York Stock Exchange
Brudebaker Corporation
South Bend
India
Imperial Bank of Germany
Treasury
New York Stock Market Picks Up Lacking Clear Bid News
Local stock exchange notes show readings across several bonds and railroads with varied prices. Capital Traction Railroad issues 5s trading around 103 percent with large blocks, Washington Railway and Electric and Potomac Electric Power bonds display multiple small lots with mixed quotes, while Lanston Monotype and Greenington Railway appear at single bid points.
MENTIONED IN THIS ARTICLE
Capital Traction Railroad
Washington Railway and Electric
Potomac Electric Power
Yan
Eorree Capital Traction
Greenington Railway and Electric Ltd
Lanston Monotype
New York and Chicago Grain and Market Notes
bearish corn drift fades after rains raise crop hopes while prices stay steady. wheat gains slight, oats flat, provisions down. New York spot grain inclines with steady terms for No 2 red and No 2 yellow corn. local produce prices climb for poultry dairy and vegetables amid mixed regional jobbers and futures.
MENTIONED IN THIS ARTICLE
Chicago
New York
Pacific Coast
New York State
Elgin
Tub
Virginia
N. CL
Texas
California
Baltimore
Maryland
Pennsylvania
West Virginia
Southern
Aryland
Ohio
Philadelphia
Washington Stock Exchange notes and market saltovers
Local financial notes report light trading with sixteen shares moved and bonds totaling 7500 dollars. Capital Traction bonds small blocks at 1033 8, Washington Railway and Electric firm at 77 percent, Potomac Electric Power 63 at 100, odd lots and a new member for brokerage Lyman Smith & Co, and July earnings of Southern Railway up over the prior year by 2,044,013.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
Trama
Capital Traction Bs
Washington Railway and Electric 4
Potomac Electric Power 63
Capital Traction
Washington Railway and Electric Preferred
Lanston
Lyman Smith & Co
New York City
Walter J. Fahy
Washington New Apaper
Southern Railway
Chauffeur SLAIN as Five Soldiers Held in Baltimore Riot
Baltimore police report the killing of George Harris a 23 year old chauffeur at a secluded Harford road spot after a race riot. Five First Maryland regiment soldiers Harry Nagle Louis Bauer Howard Gibson James B Fyfe and James A Keene were arrested at St Josephs Hospital and implicated as passengers on Harris's bus. Henry Killian was jailed for liquor charges. Police and the coroner ordered further investigation.
MENTIONED IN THIS ARTICLE
Baltimore
George Harris
Harford Road
Rogers’ Forge
First Maryland Regiment
Lake Montebello
Carter
J. Knox Insley
Harry Nagle
Louis Bauer
Howard Gibson
James 8. P. Fyfe
James A. Keene
Disney
Harris
St. Joseph's Hospital
Henry Killian
Towson
Sneed Shot Dead in Pulaski Rivalry
Roanoke, August 7 reports say Henry Sneed was shot and killed Sunday night by Frank Akers a Virginia National Guard member. Akers was critically wounded after a confrontation over Akers courting Sneed's sister. Akers fired first, Sneed returned fire, and Akers later killed Sneed before collapsing.
MENTIONED IN THIS ARTICLE
Roanoke
Pulaski
Henry Sneed
Frank Akers
Virginia National Guard
Akers
Sneed
Capt Charles Collier sues for alienation of wife
Norfolk, Aug 7 Captain Charles M Collier of the Virginia Pilots Association filed in circuit court for $5,000 damages claiming alienation of his wife by Earl C Yates a reserve officer at Fort Monroe. Yates came to Fort Monroe from Winston Salem NC to enter the officers reserve school. Collier is a Norfolk native and Hampton family. it is alleged he found Yates with his wife in their home.
MENTIONED IN THIS ARTICLE
Washington Post
Norfolk
Charles, M. Collier
Virginia Pilots’ Association
Fort Monroe
Yates
Winston Salem
N. C
Officers’ Reserve School
Collier
David Caine
Hampton
Capt. Collier
Wildcat Attacks Mule Near Morgantown
In Clarksburg West Virginia on August 7 coal mine workers at the North American mine in Maidsville near Morgantown reported a large wild cat leaping onto a mule as it was being led from the barn. The cat fought briefly but was driven off by the crew.
MENTIONED IN THIS ARTICLE
Washington Post
Clarksburg
W. Va
Maidsville
Morgantown
Railroads Expect 1917 Revenue Surge Fueled by June Gains
Interstate Commerce Commission data shows 163 roads with net revenue up nearly $8 million in June 1917 and total operating revenue at $273,867,527. Western roads lead gains with operating revenues rising to $116,000,000, while expenses climb about $10,000,000.
MENTIONED IN THIS ARTICLE
Interstate Commerce Commission
Western Roads
Eastern Roads
Redord
Certificate issue oversubscribed in McAdoo appeal
Reports from yesterday show the 360 million dollars in certificates of indebtedness oversubscribed as subscriptions closed. George R. Cooksey said figures will await all banks and no totals will be released until they are heard from. Officials praised the rapid response from the country as a good omen for the next Liberty loan installment.
MENTIONED IN THIS ARTICLE
McAdoo
George R. Cooksey
Ilberty
Cotton crop valued at 1.41 billion dollars for year
New Orleans Aug 7 The country’s total cotton crop value including seed for the year ended July 31 reached 1 412 860 035 up from 955 200 000 a year ago an increase of 454 660 085 Secretary H G Heater of the New Orleans Cotton Exchange released the detailed annual report noting the highest prices in 47 years with middling at 18.41 cents per lb versus 11.99 last year and 7.89 two years back The average value per bale was 94 82 dollars and August 1918 averaged 74 50 while July 1917 spot values stood at 130 71 The report cites a short crop and war demand as drivers of the high prices.
MENTIONED IN THIS ARTICLE
New Orleans
H. G. Heater
Hester
Express Profits Decrease in April Figures
Express companies report a sharp profit drop in April with operating income totaling 460,950, down over 60 percent from the previous year. Gross revenues rose to 18,322,708 as operating expenses grew about 30 percent to nearly 9,000,000, leaving only two firms with higher profits and one in deficit.
MENTIONED IN THIS ARTICLE
Statistica
Bank of Spain gold and metallic reserves rise in early August
Madrid reports Epoca satisfaction with the Bank of Spain's return up to August 4. Gold reserves total 1 717 000 000 pesetas with 56 000 000 received last week and 27 000 000 the prior week. Total metallic reserve 2 563 000 000 pesetas. Paper money issued 2 584 000 000, guaranteeing over 98 percent.
MENTIONED IN THIS ARTICLE
Madrid
Bank of Spain
$27,000 Award in Coal Suit in Maryland
Judge Henderson ruled for John Monahan and partners against Mount Savage Georges Creek Coal Co. awarding about $27,000 for trespass after the company mined 6,961 tons of coal from the plaintiffs land at $4.21 per ton after deductions. Additional damages are allowed and the case moves to the court of appeals.
MENTIONED IN THIS ARTICLE
Washington Post
Cumberland
Henderson
John Monahan
Mount Savage Georges Creek Coal Company
Court of Appeals
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Kan
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Geotown Gas
Ind
Lack. Steel
Lehigh Valley
Georgetown Gas
Washington Gas Bo
Louis. Nash
Maxwel M. Co
Capital Traction Co
H&l, Pf
Maxwell
Metropolitan R. R
Am, Co
Maxwell M. 2
Wash. Ry. & Blec
Am. Tee
Balto
Am._ Int. Corp
Miami
Alex
Mt. Ver
Linseed Pt
Ssh
St. L. New
Tocome
Kan. T
P. Sormtge
Am. Loco. Ph
Mo. Pacific
Mo. Pacific Pf
Potomac Hlec
Nat
Acme
Tel
Eles
Smelt
Nat Enam
Tel & Tel
Steel Fury
Col. Mfg
N. A
Mt. Co. A
Central
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Toebacca
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Am. Woolen
Nor. & West
Rec
Ste. & & Safa
Am Woolen Pt
Bassessenens
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Elec
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Batopolia
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Pitts. Coal Ctfs
Amer. Tel. Tel. Co
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Bklyn R. T
Iites & W
Burns Bros & W
Mergenthaler Linotype
Brunswick Tegral
Butte & Sup
Pub. Ser. of NJ
Cal Packing
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American Agricultural Deb. G
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Chicago & Northwest
Gaston
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Nazi
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Teminion of
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Greene Co
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Agricult
Wabash Pe
Col. Paper Mfg
General Electric
Conner
West, Mary
M. Graphophone Com
Great Northern Ist
Inter Con
Graphophone
Titinols Central
Interb. Con. Pt
Weathouse
Mer
Trans. & Storag
Tuinois Steel
Int
M. M. Pt
White Motora
Interborough-Met
Willys-Co
S&s Reality Co
Inter,-Met Marine Fil
P. Pf
Woolworth ‘Pf
Kansas City Southern Met
Lackawanna Steel
Lake Shore
Taggett & Myers
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Aus
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Iso
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Ty Western Union
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Jugesi Ak
St Oil of
Cat
Aerate
Maryland Trust
All of Indias
St OW
Houston
St. Oil of
Neb
Houston Oili Pf
Ctfa
St. Ol
N. J
Rwys. & Elec. Co
Oil of
Havana
Atlas
M &cC
TAL du Pont
Rwys
Lehigh Cc
Elec. Inc
U.S
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Sues Earl C. Yates
Wildcat
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Faria
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I! Schmidt & Deerysto Chick Brokers
Broad Street
Express
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Fifteenth Street
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Virginian Railway
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National City Bank Bldg
N.yx
15Th Street
Equitable Co-Operative Building Association
Equitable
Equitable Building
Lt. N. W
John Joy Edson
Frank P.reeside
D. C
Gt. Falla
Potomac Consid
Wash. Rwy
Wash
Rwy
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Mergenthaoler
Laneton
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American Paper
Miller Train Control
Oklahoma Oil i J. Maury Dove Co
Buell Signal & Train
Ft. 16
Gayety Theater
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Ralph W. Lee
Colorado Bldg
14Th
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District of Columbia
Swartzell, Rheem & Hensey Co
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Eron
Sunday Post