Shorts Buy to Cover Union Pacific Rises in Early Trading
The Washington Post reports a sharp stock market advance led by Union Pacific up 278, with gains across rails and industrials as short interest receded. Despite a dull market, closing prices near the day’s high reflect renewed buying and a perception of strong technical conditions compared with a year ago.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Ani
Union
Consolidated Gag
United Mates Steel
Wall Street
London
Bank of England
Pennsylvania
NEW YORK PRODUCE AND STOCK MARKET SUMMARY
New York stock and commodity quotes show total salem for the day at 891,100 shares. Quotations from Hibbs & Co. list butter, cheese, eggs, pork, lard, cottonseed oil, sugar, coffee, potatoes, and copper markets with prices and receipts. Cattle, hogs, and sheep futures in Chicago show mixed to firm trends, with beef and pork values advancing and grain movements noted.
MENTIONED IN THIS ARTICLE
Salem
W. B. Hibbs & Co
Hibbs
New York Stock Exchange
Chicago Board of Trade
Washington Stock Exchange
New York
Pennsylvania
Hennery
Rio
Santos
Cordova
Bermuda
Maine
Riverpool
Liverpool
Steaty
Virginia
Boston
JanAtlantic
Cork
Batts
Oranbeence
Mona
Chicago
Texas
Western Aed
Western
Nipissing
North Butte
Bhanpon
Utah Consolidated Utah Copper Co
West Virginia
Southwest Virginia
Tennessee
New York State
New
Florida
California
Wheat and cotton market roundup from New York trading
Spot wheat strong with No 2 cen and No 1 northern Duluth prices noted. May futures cited. Corn and oats steady with limited activity. cotton market driven by competition talk and January notices, closing firmer but with restrained demand. Receipts and shipments listed for grains. cotton notes on private wire demand and interior stocks.
MENTIONED IN THIS ARTICLE
New York
Duluth
3Sc
National
Censtra
The Metal Market Reported Copper and Iron Prices
New York copper prices drifted dull with spot and forward contracts quoted. London firm spot and futures prices noted, while United States geological survey data estimate 1910 copper production at 481,696 tons. Iron markets show nominal changes and varied foundry grades in Cleveland and eastern markets.
MENTIONED IN THIS ARTICLE
New York
London
Custom House
United States Geological Survey
Cleveland
Yeal
Northern
Southern
Wall Street Opens 1911 With Bearish Hope and Cash Flows
On the first market day of 1911 Wall Street showed a weak start with few customers and a generally bearish mood. Trading was active, bonds led by reinvestment demand, and Hill stocks like Northern Pacific gained despite concerns over John S. Kennedy estate liquidations. International gold flows favored Germany and the Bank of England while New York saw little rush to secure gold, with sterling near import points.
MENTIONED IN THIS ARTICLE
Washington
New York
Wall Street
Stock Exchange
John 8. Kennedy
Kennedy
Northern Pacific
Great Northern
Kennedy Holdings
Binkerg
London
Germany
Holland
Bank of England
Sterling Exchange
Washington Stock Exchange Opens With Mixed Activity
The Washington Stock Exchange showed dullness contrasted with minor volume gains. Bonds sold slightly below last week while equities like Lanston and Metro lines edged up on odd lots, trading of traction shares lagged, and new members Richard E. Claughton and Eugene E. Thompson joined exchanges amid firming prices.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
Washington Gas Ig
Metropolitan Railroad
Washington Railway and Electric
Ateady
Fotomac Electric
Lanston
Washington Gas
Capital Traction
Washington Railway and Electric Preferred
American Security and Trust
Sugar trust offers peace in draw back cases
New York January 8 District Attorney Wise said he would forward to the Treasury Department a compromise offer from the American Sugar Refining Company in the draw back cases. The company agrees not to contest for any percentage of the drawbacks to which it is legitimately entitled if the government drops prosecution, with a certificate of deposit for 700000 dollars to accompany the offer. The company has already paid into the treasury more than 2000000 dollars in prior restitutions. The government alleges fraud overvaluing raw imports and overvaluing exports to gain a heavier return on duties.
MENTIONED IN THIS ARTICLE
New York
Wise
Treasury Department
Washington
American Sugar Refining Company
United States
United States Treasury
Williamsburg
Bucket shop firm fined for law ignorance in DC
Fines totaling 8100 imposed on Boggs & Co. partners and employees by Justice Wright in Criminal Court No 1. They pleaded ignorance of the antibucket shop law, claiming all customer dues were paid and that they operated like a larger exchange but on lower volume. Principal offenders faced two-year terms suspended if they refrain from bucket shop activity.
MENTIONED IN THIS ARTICLE
Boggs & Co
New York
Justice Wright
Samuel ‘McComas Hawken
Richard E. Preusser
Leq Mayer
George Turner
H. 8. Boggs
O. J. Robinson
Humphrey Owen
Mulicy
District of Columbia
Department of Justice
Huldekoper
Harvey Given
Frank J. Hogan
Freusser
Mayer
Turner
Philadelphia, Consolidated Stock Exchange
New York Stock Exchange
Washington
R. E. Taylor & Co
Roges
Owen
Robinson
Preuier
Boggs
Copper merger agreed on by Calumet and Hecla directors
Boston Jan 3 The directors of Calumet and Hecla Mining Company unanimously agreed on a plan to consolidate 12 Lake Superior copper firms into a single Michigan corporation with 10 million dollars capital. The firms to merge include Calumet and Hecla Osceola Tamarack Ahmeek Superior Isle Royale Centennial Allouez La Salle Seneca Laurium and Gratiot.
MENTIONED IN THIS ARTICLE
Calumet
Hecla
Boston
Calumet and
Hecla Mining Company
Lake Superior
Osceola
Tamarack
Ahmeek
Superior
Isle Royale
Centennial
Allouez
la Salle
Seneca
Laurium
Gratiot
New York Money Market Summary January 3
Money on call firm at 5 6 percent, closing bid 5 percent and offered at 6. Time loans dull and steady for 60 days at 2K 4 percent, 90 days at 3 percent, and ¢ months at 4 percent. Prime mercantile paper 4 4 5 percent. Sterling exchange steady with bankers bills at 4.8210 4.8225 for 60 day bills and 4.8516 for demand. Commercial bills 4.814 and 4.81 4.81 percent. Bar silver 64 cents. Mexican dollars 45 cents. Government bonds steady. Railroad bonds ???
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Baltimore Markets Amid Mixed Commodity Notes
Market notes from Baltimore show mixed activity with spot contracts in corn firmer for cash, wheat steady on spot, and no 3 white oats steady. No. 2 Western domestic rye holds steady in light trading.
MENTIONED IN THIS ARTICLE
Baltimore
Jan
Trading stamps ruled unconstitutional by Supreme Court
The U S Supreme Court under Justice Hughes declared the trading stamp business illegal in Washington. Walter C Gregory of Sperry Hutchinson was jailed after a $100 fine, but released on bail as the court ruled Congress may ban gift enterprises and DC courts may enforce the ban. The decision confirms Congress policy against trading stamps and binds the district.
MENTIONED IN THIS ARTICLE
Congress
Justice Hughes
Walter C. Gregory
United States Supreme Court
Hughes
Washington
Thomas
Sperry & Hutchingon Co
District of Columbia
Gregory
William H. Kraft
Mulloway
District Commissioners
Court of Appeals
Supreme Court of the United States
A. 8. Worthington
Frank J. Hogan
Supreme Court
Washington cattle market veal and beef prices steady
Report from the Washington cattle market shows stable prices across key categories. Hoge per cwt grass sheep and lambs are listed, with calves and veal noted at mixed rates, reflecting market steadiness.
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Union Pacific
New York Stock Market
Chicago Grain
THE
Curb Market
Iowa
Central
Amalgamated Copper
Gaye
Kansas City Southern
American Agricultural
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American Car and Foundry
Lonisville
Ville
Am. Car and Foundry Pit
Minneappife
St. Louis
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J. P. and
B. Bt
Missouri
Kansas
American Ice Securities
Kansan
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Missouri Pacific
National Biaculi
Am. Hmoit
Nat. Trys
Max
Pia
York Central
N. Y
Ont
Bugar Refining
Anaconda
Pacific Mail
Atchison
Atchison Ptd LD
Atlantic Coast
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Ohio
Pitts
Bethlehem
Atos
Pittsburg Coal
Hirooklyn Rapid Transit
Canadian Pacific
Ted
THOS
Reading
Steel
Central of New Jersey
Republic
Chesapeake and Ohio
Republic Steel
Chicago and Alton
Rock Island Co
Hd. G. Wentern
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St. L
Chicago and Northwestern
Southern, Railway
Consolidated
Southern Railway
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Texas and Pacific
Henver and
Hic Grande
Lyaata
Toledo
Went
Genver
Mio Grande
Tol
Ll. and
West
Distillers' Securities
Ban
Erie
Union Pacifie Ptd
Eris
United States Realty
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Inola Central
Chemlea! Pta
Interborough-Met
Wabash
Inter
Harvester Ant
Maryland
Marine
Westinghouse Electric
International Paper
Western Union
International Pump
Wheeling and
Lake Eri
Europe
Law
Clore
Dac
American Agricultural Sa” AZ
American
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National Bank
Re- Armour and Co
Atchison Kents
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Treasury
Oho
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Burlington and
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Erte CY
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Mexico i
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la Rowe
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ELDM
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Venomtal Traction
Washington Railway and Electric ‘Pra
Washington Gag
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Security and Trust
Union Trust
Emi Wesnington
Potomas Electric Light
Washington Railway and
Eiectris 4A
Potomac Electric
Washington Railway and Electric Common
Georgetown Cinaert
Ian
Anacostia
Potomac River
Columbia Ry
Mort
Columbia
Metropolitan R
Elec
Wash
Alex
Mt. Vern
Pot
Elec. Power Co
Lata
American Tel
Emerson Sten
Ash.y
Elec. Com
Wash Ry
Virginia Ity
Eos
Norfolk
Georgetown Cinane American Tel
Mergenthaler Linotype
Anston Monotype
Greene-Canines
National UK American
National City
District
Lis
Trust Comba American Security and Trust
National Savings and Trust
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Savings Bank wRecite
Lorae Savings Bank
Lerchants and Mechanist
Union Savings Bank
Nat Aabington
Provident Savings Bank
Arington Mmere
Corcoran
S. Re
Franklin
Pan Rational Union
Emerson Steam Pump
el Rity Storage Co
Washington Market
IBM
Grozy
Galveston
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Mobile
Sam
Savannah
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Houston
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Memphis
St. Lou Quiet
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Leuteville
Porte
Great Britain
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Continent
Stark
Porta
St Alt Pbris
Mexico
City
Lima
Indiana
Cific
Local Financial
Richard E. Claughton
Norman Bestor
Crane, Parris & Co
Eugene E. Thompson
Sugar Trust
Washington Produce Market
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Swartzell, Rheem & Hensey Co
Whith Street
Operative Building Association
Equitable
Equitable Building
Lawrence Barnum & Co
Bankers
St N. W
Washington, D.C
Philadelphia
Pittsburg
United States Worsted Company
Fifth Avenue
P. Rohert
G. Sjostrom
A Dei
Financial Eese
William D. Hoover
George Howard
Woodbury Blair
Treas
Frank W. Stone
Frank Stetson
Thomas Brown
James A. Buchanan
Wiliam A. H. Church
Walter C. Clephane
William V. Cox
Wm. HE. Edmonston
George W. Gray
Wiliam D. Hoover
Reginald S. Huideker
Q. P. Johnson
Thomas R. Jones
Victor Kauffmann
Edward B. McLean
Samuel Maddox
William F. Quicksall
William H. Walker
John [. Weaver
Henry K. Willard
National Savings and Trust Company
15Th St
New York Ave
John Joy Edson
Ellis Spear
John B. Larner
Presi
and Gen
Andrew Parker
A.S. Worthington
Aavhor
J.J. Darlington
Harry G. Meem
Boyd Taylor
Thomas Bradley
Frederick Eichelberger
Washington Loan and Trust Co
N. W