Mercantile Marine Leads Downside Amid Readjustment Plan
Metal shares surged in a short session as foreign interests moved to close copper contracts for the year. Mercantile Marine preferred fell sharply on the capital readjustment plan, while Mercantile Marine, Atlantic Gulf and West Indies, and General Motors saw varied moves with GM reaching a new high. Bond sales were steady and the week’s bank statement showed a moderate cash loss despite gold inflows from Canada.
MENTIONED IN THIS ARTICLE
En York
Forergn
Mercantile Marine Preferred
Atantic
Gulf and West Indies
General Motors
Paris
Canada
New York Bond Market Roundup
New York bond prices and yields listed for a wide range of public and corporate securities. Notable items include American Agricultural 5s, American Cotton Oil 6s, American Foreign Sec 1, Chicago, B and Q joint 4s, Chicago Great Western 4s, Erie 4s, General Electric 5s, Northern Pacific 4s, Pennsylvania, Reading, Union Pacific 4s, U S Steel 6s, and Western Union 4s among others. Market notes reflect varied adjustments with several issues trading near par and others at mixed premiums or discounts.
MENTIONED IN THIS ARTICLE
New York
American Agricultural
American Foreign
Amertcsn
American Smelters
American Tobacco
Anglo-French
Armour & Co
Brooklyn Transit
Central of Sborgia
Central Leather
Central Pacific
Chesapeake and Ohio
Chicago
B and Quincy
Quincy
Chicago Great Western
MIL
St. P
Chicago and
Colorado and Southern
Consolidated Gas Cocy
Denver and Rio Grandecon
Denver and
Ara Grande
Distillers Securities
Can Sa
Erie Ev
Erie
General Electric
Great Northern
Winds Central
Thinotis Steel
Sterborough Rapid Transit
Interborough Met
Int Marine
Kansas City Southern Rat
Lackawanna Steel Ba
Liggett & Mgars Gs
Lorillard
Touisville
Nashville
Missouri
Kans
Texas
Missouri Pacific
Montana Power
New York Central
Ra &Imp
New York City
York Railways
Adj
Hartford
Norfelk and
Western
Northern Pacific
Es- Northern Pacific
Oregon
Pacific Tel
Tel
Pennsylvania Con
Ttn
Pennsylvania
Reading
Republic Steel
St Louis
San Fran
St Louis Southwestern
Vast steel contract delivery to run into 1817
The report notes massive export and domestic steel orders during mid August. Contracts for 500000 tons of shell steel and forgings were placed with United States Steel Corp and major independents at about 67.50 per ton, with deliveries likely through July 1917. Additional deals include ingots, blooms, bars, and 2000 tons more Bessemer steel from Pittsburgh, plus large orders from Ford for 40000 tons of fabricated steel for Detroit plant construction. Agricultural implement makers hesitated on new bars despite price gains, while railcar and locomotive orders rose and U.S. Steel reported July production shifts and high earnings.
MENTIONED IN THIS ARTICLE
New York
Entente
Alfted i
Shell
United Stat Steel Corporation
Tott
War Munttiong
Ford Motor Company
American Bridge Company
Detroit
Ford Company
Marchant Steel Mills
Rousala
Treasury Ledger Shows Revenue and Disbursement Totals
Treasury figures record August revenue receipts and ordinary disbursements for the current and prior fiscal year. The balance in the general fund, total cash assets, and coin and bullion holdings are detailed alongside a Chicago wheat market report with closing prices and futures activity.
MENTIONED IN THIS ARTICLE
Anan
Tsat Port Bees
General Fund
Treasury
United States
Federal Reserve
National Bank
Federal Reserve Banks
Philippines
Treasuc
New York Produce Prices Across Butter Eggs and Poultry
Daily market report from New York and Chicago on August 12 shows firm butter and pork, weak live hogs and steady cattle. Creamery butter ranges 30 31 3 4 cents with various grades. eggs irregular with fresh and hennery whites and browns listed. poultry live and dressed prices given. Chicago reports hogs and cattle receipts and prices. corn oats and wheat noted with small shifts.
MENTIONED IN THIS ARTICLE
New York
Jhennery
Jearby Hennery
Philadelphia Markets Report with War Camps Inspection
Philadelphia markets note butter and eggs steady and wheat and corn steady. No. 2 red spot August oats stay firm. Mrs Seth Berton French, a representative of Secretary Baker, arrives in Laredo to inspect border military camps and assess conditions.
MENTIONED IN THIS ARTICLE
Philadelphia
S. B. French
Laredo
Tex
Seth Berton French
New York
Baker
New York Bank Statement Shows Excess Reserve Decline
The New York clearing house banks and trust companies report an excess reserve of 103,087,140 dollars, down 4,224,640 from last week, with total loans at 3,246,063,000 and net demand deposits rising 35,948,000. State bankers and trust companies in Greater New York also show activity, with loans and discounts down and total reports peaking near 874,839,000.
MENTIONED IN THIS ARTICLE
New York
Diacount &O
Incranar
Federal Reserve
Bank
Banka
Wall Street News and Gossip Highlights Copper Shipments
New York August 22 reports Kugsh manufacturers may total copper orders up to 600000 pounds for 1917 deliveries with Morgan & Co likely handling negotiations and American Smelting and Refining Co representing producers. Merger of five rail lines into Pittsburgh Cincinnati Chicago and St Louis Railroad confirmed to streamline management and cut costs, with authorized capital over 100 million. Also notes a forthcoming 250 million loan to Britain and gains in net earnings for New York New Haven and Hartford Railroad, despite declines at three other lines.
MENTIONED IN THIS ARTICLE
New York
Morgan & Co
Warman @& Co
Pennsylvania Railroad
Pittsburgh
Pittsburgh, Cincinnati, Chicago and St Louis Railroad Company
oMciyli
Great Britain
A. S.immaire
Sears
France
New York, New Haven and Hartford Railroad
Howard Elliott
New York, Ontario and Western
Hartford and New York Transportation Company
Rhode Island Company
New York Money Market Rates and Bond Stance
New York money market figures show mercantile paper at 3 percent and government and railroad bonds steady. Major currencies quoted include sterling 60 day bills at 4.71 and demand at 4.76, francs demand 5.33, marks demand 0.72 18, and kronen 12.38.
MENTIONED IN THIS ARTICLE
New York
Cottonseed Oil Market Report From New York
Prime crude new at 7.40, nominal. Summer yellow spot and August 915, September 920, October 8.81, November 845, December 247, January 349, February 863, March 62. Prices for prime winter yellow and summer white at 9.69.
MENTIONED IN THIS ARTICLE
New York
Oil Quotations From Ol Cie August 12
Credit balances at Ol Cie show 83 percent, runs totaling 17 008 with average 3 208. Shipments reach 6 021 with average shipments at zero. Data reflects daily market activity and pricing indicators for crude oil and related metrics.
MENTIONED IN THIS ARTICLE
Ol Cie
New York Cotton Prices Rally After Early Decline
New York cotton trading showed irregularities from liquidation before a late rally. December rose from 14.21 to 14.24 while 14.22 cleared. general market closed with a net advance of 7 to 10 points, October near 14.00 and December around 14.82, with copper in fair demand and nearby shipments tightening as electro lytic prices held around 25 to 27. Iron remained unchanged.
MENTIONED IN THIS ARTICLE
Virginia
Hannery
USA
New York
California
Chicago
Orate
Washington cattle market hogs and lambs price list
Market report lists hogs at 6 percent dressed and optimal, various weights from light to heavy, sheep and veal calves priced with percent ranges. Spring lambs also cited with percentages, reflecting mixed quality and sizes in the Washington market.
MENTIONED IN THIS ARTICLE
Chicago
New York
New York Grain Prices Mixed on Spot Wheat Corn and Oats
New York grain report shows spot prices for wheat and corn with variations across grades. No. 1 durum around 1.54 and No. 2 hard 1.58 1/2, No. 1 Northern Duluth 1.64 1/2, No. 1 Northern Manitoba 165 1/2 f. o. b. New York. Corn spot firm at 96 1/2. Oats steady on spot trading in New York.
MENTIONED IN THIS ARTICLE
New York
Duluth
Manitoba
Market Cables Cross Currents in unsettled trade
Market overview notes mixed signals in New York financial districts as U S Steel tonnage shows a decline yet industry remains active. Copper prices rebound amid renewed foreign inquiries while munitions and motor equipment demand rises on new foreign contracts. American Locomotive reports fivefold earnings growth, tariffs influence futures, and the British loan awaits a maturity agreement.
MENTIONED IN THIS ARTICLE
American Locomotive Company
R Leas
British Blockade Sparks Nordic Nations On Rations
Stockholm June 30 Sweden faces a tightened British blockade that ministers call a rationing of neutral Scandinavian states Norway Denmark and Sweden suffer shortages as British sea power and export bans curb cargoes. Swedes blame Great Britain and urge U S backing to press for lawful conduct and freer trade while maintaining relations with Germany through limited exports of iron ore and coal.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
United States
Scandinavia
Germany
Great Britain
Europe
Norway
Denmark
South America
England
America
Baltic
Tey
Englan
Russia
Tornea
Ratironad
150 Dutch fishing vessels seized by Great Britain
Great Britain has seized 150 Dutch fishing vessels and is holding them at Kirkwall and other British ports, according to consular advices from The Hague. A communication has been sent from Holland to London to negotiate for the release of the vessels. The Hague advises that Britain will release the vessels if the commander pledges a portion of his catch to Britain.
MENTIONED IN THIS ARTICLE
America
Great Britain
Germany
Sweden
Sife
Kirkwall
British
Hague
Department of Commerce
Holland
London
Carranza At Amador Rites In Mexico City
Funeral services were held for Juan Amador sub secretary of foreign relations who died Thursday. Gen Carranza and diplomats attended in full dress. Amador’s loss will affect border policy and pending negotiations with the United States as well as possible reorganization of the foreign office and speculation on Candido Aguilar returning as Vera Cruz governor.
MENTIONED IN THIS ARTICLE
Mexico Clity
Juan Amador
Carranza
Obregon
Enor Amador
United States
Senor Amador
Foreign Office
Candido Aguilar
Vera Crus
Three Die in Du Pont Plant Explosion at Carneys Point
An explosion at the Du Pont Powder Company plant in Carneys Point New Jersey blew a cylinder from a rehydrating precursor. Three workers were killed and two injured when a press loaded with 40 pounds of guncotton shattered and steel fragments flew in all directions. A piece struck a man eating lunch in another building, killing him.
MENTIONED IN THIS ARTICLE
Wilmington
Del
du Pont Powder Company
Carneys Point
Bio
Also Mentioned on This Page
Metal Issues
Mercantile Marine
NEW York Stock Market
Mer
AY Chalmers Gan
Allis-Chalmers
Internat Paper
Om 1815
Ag Chem
Internat
Kelly Tire Co
Kennecott Copper
Vackawanna Steel
Car & Bary
Bom Baate
Am Coal
Lee Rubber Co
Hole & Leath. Pf
Long Talang
Maxwell Motor
RLM Am
May Dept Stores
Toby
Mexican Petroleum
Mlamt
Kana
Nevada
Anaconda
N. Y. Central
Atchison
Norfolk & Weste
North America
A. & Ww Indies
AG & W Indies Pt
Penna Railroad
Baldwin Locomotive
Pitts T. C. & Ltd
Balto & Ohio
Bethlehem Steel
Steel Springs
Brooklyn Rapid Tran
Ray Con
Brooklyn Union Gas
Sobes
Butte Superior
Canadian Pacific
Ayni
Rep
Iron & Steel
Iron & Steel Pf
Ares
Chandler Motor
Shattuck
Arizona
Chic
Great Western Pf
Southern Pacific
Mil and St
Southern Railway
Tennessee Copper
Chioe
Texas Companies
Col. Fuel & Iron
Bow & Paper
Union Pacific
Continental Can
United Chare
Crucible Steel
TOM United Cigar
Crucible Steal
U S. Ind
Tie Distillers Securities
Erie Railroad
S. Stes
General Motora
Utah Copper
BOK General Motors
Utah Géo. Corp
ATM Goodrich, BF. Hs
Wabash
Granby Con
Wabash P Bo Abre
Pla
Ras
Wabash Pf
Greene-Cananea
Maryland
Gulf Stares Steel Ist
Ious
Gulf States Steel
Westinghouse
Bam
Iltnois Central
Irol Ag
Willys-Overland
Witlys-Overland
Inspiration Copper
Wisconsin Central
Interborough Con
Woolworth
Mer. Marine
Curb Market
Dons
Atlas Powder
Bingham Milne
British American Tobacco
Butte Copper & Zinc Canada
T& Chevrolet
Colden Co
Goldfield Copper
Godfield
Hercutes
International Motors
International Motors of
Torpedo
Magma Copper
Maxim Munitions
Midvale Steel
Niptasing Mines Co i
Peerless Motors
Riker-Hegeman
Ind
Onto Submarine Corporation
Success Mining
Panama
Baltimore Securities
Baltimore
Con
United Rys
Elec. Ca
Sapulpa
Baltimore City
Penn Wat. & P
United Rys EL Inc
New Orleans
Galveston
Mobile
Savannah
Charilestor
Bos
Norfaile
Houston
Memphia
Vast Steel Contract
Michigan Co Tral
Big Sour
Chesapeake 2Nd Ohio
Sapulpa Refining Company
United States Steel Corporation
Local Produce Market
New York State
W. B. Hibbs ; & Co
R. Bs
City & Sub
Metro
R. Ba
Eloc
P. B. Coma
Eles
Jqscomn & W
Fugee
S.qwofriggs
Traction
Ry & E. Com
RL & Bi
Morg
Linotype
Lanston
SlAm. Nat. Bank
Nat Bank
Col
Nat. Bank
Nat Banki
SUE
Mec. N. Bis
Ceed
Sin
Metro. Bank
BiGec. Nat. Bank
Wsiatl Sec & T
Zss
Nat S. & Trust
a0siUnion Trust
Wowol, & Trust
Wz Ae
W. Sav. BK
United States Treasury
Chicago Grain
West Virginia
Wall Street
Washington Cattle Market
NEW York Grain
U. S
Matig
Hrtfain Ie
FIN
F. A. Connolly & Co
Bond Building
New York Avenue
Main
BE. F. Hutton & Co
New York Stock Exchange
New York Cotton Exchange
Chicago Board of Trade
Windenberg
Britain
Industrial and Mining Age
Ublished
William St
City & Sub. A. R
C. & Gt. Falla
Wash. Ry
Elec
Potomac
Lot
Capital Traction
Wass Ty
Elev
Washington Utilities
Washington Gas
Georgetown Gun
LO Mergenthaler
Lunston
Continental Trust
Munney Traat
Renl Estate Traat
Exchange Bank of Ward
Northwest Savings Bank
American Paper
Oklahoma
Washington Baseball Club
Columbia Hotel Co
Crandall Amusement Co
Georgetown
Thomas L. Hume
G Street
Tel. M
Mineral Oil’ & Gas Company
Warkington, D. C
Eberly’s
Tir 7Th
Amador
DU Pont
N. J