Wall Street rally as United States Steel leads gains
New York trading opened with broad weakness in special stocks due to short selling, then a late rally lifted markets led by United States Steel recovering from 85 to near 86. Major gains came from rails and other high-price issues, with Mercantile Martine rising sharply and several notable names like Cuban American Sugar and General Motors posting sizable advances. Bonds followed stocks as the day closed with substantial activity totaling about 7.19 million par value in sales.
MENTIONED IN THIS ARTICLE
New York
Crucible Steel
Baldwin Locomotive
Intercat
Mexico
United States Steel
Canadian Pacific
St Paul
Union Pacific
Heading
New York Central
Martine
American Can
Porto Rico
United States
General Motors
Italy
New York Bond Market Report Shows Decline in Volume
The New York bond market posted total sales of 692,200 shares, down from 820,000 traded yesterday. Dealers cited lighter activity and selective bidding as contributing factors to the softer session.
Washington cattle market report lacks clear headline
Market notes show hogs with varied weights and dressing percentages, plus small consignments of sheep calves and lambs. Apparent figures are garbled with inconsistent decimals, limiting precise interpretation of price levels or totals for hogs sheep veal calves and lambs.
Wall Street News and Gossip Highlights Securities Flows
New York reports a Philadelphia arrival from Liverpool bringing securities, boosting sterling and lifting market optimism. Rail and steel shares, notably United States Steel and American Steel trades, draw support as bear pressure aims to break the stock. a potential 1 percent quarterly dividend is anticipated for the January 25 meeting. Bond turnover surges in Marine collateral trusts, with large Pittsburgh district claims and heavy hourly deal activity shaping the session.
MENTIONED IN THIS ARTICLE
New York
Philadelphia
Liverpool
Sterling Exchange
Great Britain
United States Steel
Union Pacfle
Erie
Atchison
Anaconda
American Smelting
The
Iron Age
Pittsburgh
Object lesson map shows patchwork US business
New York January 12 The U S Chamber of Commerce published a map claiming overall fair to good business in much of the nation with few bad pockets. Analysts note California prospers while other regions vary and Delaware and Maryland coastal areas appear weak. Corn harvest prospects remain uncertain with regional climate differences. Holland.
MENTIONED IN THIS ARTICLE
New York
Chamber of Commerce of the
United States
California
Pacific Slope
Arisona
Oklahoma
Colorado
Northwest
Texas
mid-West
Detroit
New England
Delaware
Maryland
Frank A. Vanderlip
Federal
Minneapolis
Holland
Washington Gas and Capital Traction Stocks in Noon Sale
Local stock exchange notes regular noon call with Washington Gas at 105 percent on multiple blocks, Capital Traction at 107 percent, Potomac Electric at 99 percent, and American Graphophone and Washington Railway issues. Post call shows revised bids with Washington Gas 105 to 106, Capital Traction 107, American Graphophone 99 to 98 percent, plus a long list of rail, utility, and miscellaneous bonds and stocks across Georgetown Gas to Washington Market Co and national banks.
MENTIONED IN THIS ARTICLE
Washington Gas
Georgetown Gas
Mergenthaler
Lansion
Munney
Steamboat
Washington Basebsll Club
Graphocom
Grapho
New York Money Market Rates and Currencies
New York money market data dated January 12 shows mercantile paper at 8.3 percent, Sterling 60 day bills at 4.72 percent with demand 4.76 percent, and cables 4.774. Francs demand 5.84 with cables 5.8 percent, Marks demand 7.5 with cables 7.334, Kronen demand 13 with cables 13 percent, Guilders 4.4 percent with cables 4.4, Lives demand 6.71 with cables 6.70, Rubles demand 30.34 with cables 30.4. Silver at 57, Mexican dollars 4.4. Time loans steady with 60 and 90 days at 2.4 percent? and six months 2.8 percent. Call money steady high 2, low 1, ruling rate 2, last loan 2, closing bid 1, offered at 2.
MENTIONED IN THIS ARTICLE
New York
Philadelphia Markets Report From Jan 12 Trade
Philadelphia market notes show butter eggs and cheese prices with firmer tones. Grain corn futures list higher bids for new yellow No 2 and No 2 steamer, while catfish white and No 2 red spot cheese quotes adjust amid steady receipts.
MENTIONED IN THIS ARTICLE
Philadelphia
F. c
Ftate
New York Grain Prices Reported January Grain Trade
New York on January 12 reports spot wheat firm with No 1 durum at 1.39 and No 1 Northern Duluth at 1.43 and No 1 Northern Manitoba at 146% f o b New York. May wheat futures at 1.353. Corn spot firm with No 2 yellow at 88 and prompt. No 2 white at 50% t
MENTIONED IN THIS ARTICLE
New York
Northern
Duluth
Nitoba
Washington Stock Notes Reflect Limited Market Movement
Yesterday's Washington Stock Exchange activity showed investor hesitancy amid New York weakness. Bond listings were stronger with American Graphophone 6s leading volume. Prices generally rose with Washington Gas 5s at 106.5, Capital Tractions 107–107.5, Potomac Consolidated 6s 99, American Graphophone 6x8 99. Odd lots and railway and electric preferred traded at around 83. Directors and officers across several banks and building associations were reelected or organized, including National Metropolitan Bank, Columbia National Bank, Second National Bank, Washington Loan and Trust, Park Savings Bank, Columbia Permanent Building Association, and Home Building Association.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
New York Exchange
Washington Gas
Potomac Consolidated
Railway and Electric
Washington Gas Company
Washington Loan and Trust Company
Cote Laws
John Joy Edson
Ellis Spear
John B. Larner
Andrew Parker
Harry G. Meem
Boyd Taylor
Thomas Bradley
Frederick Hichelberger
the Park Savings Bank
Thomas Somerville
Lewis E. Breuninger
W. H. Klopfer
George E. Walker
W. B. Todd
Robert S. Stunz
Joseph W. Cox
Building Associations
United States Treasury finances show mixed balance and rates
Treasury report dated January 11 1916 details net general fund balance of 102 478 732 and total receipts 1 019 852 with payments of 4 451 960 and a fiscal year deficit of 679 566. The document lists cash assets across gold and silver holdings including reserve notes bank notes and bullion, plus commodity price figures for poultry cheese butter eggs vegetables and fruits.
MENTIONED IN THIS ARTICLE
United States Treasury
General Fund
Treasury
Federal Reserve
United States
Federal Reserve Banks
Philippines
New York Produce Prices Rise in Steady Market
New York reports mixed but steady commodity prices for dairy and meats. Butter remains steady with varied scores, eggs firm with rising firsts, and cheese steady at modest gains. Pork and beef show firmness while lard posts strength in the middle West markets.
MENTIONED IN THIS ARTICLE
New York
Hennery
Middle West
New York Cotton Markets Hold Steady After Early Dip
Cotton futures edged higher after an initial drop to 12.47 for March, closing around 12.54 to 12.68 as talk of rising exports and easing shipping conditions supported gains. Old crop deliveries stayed firm, with the general list steady to up a few points.
MENTIONED IN THIS ARTICLE
New York
Weno Pagl
Copper and tin markets mixed in New York and London
The metal market report shows New York firms at 24.00 for electrolytic copper and little change for tin as bids sit near 41.00. In London, spot copper stands at £84 178 6d with futures at £84 15, electrolytic £114, tin spot £173 108 and futures £174 108, antimony £125.
MENTIONED IN THIS ARTICLE
New York
London
Oil Quotations and City Credit Balances Report
The report lists oil quotations for City, Pa dated January 12 with credit balances at 3.25 and a run average of 68 835. Shipments total 34 194 with an average of 41 670. The data reflects daily commodity metrics and shipment figures.
MENTIONED IN THIS ARTICLE
City
Wheat gains as cold wave risks winter crop damage
Chicago markets rose on fears of severe cold harming winter crops. Wheat led with May around 1.28 and July near 1.20, while corn, oats, and provisions posted modest gains amid a tightening outlook and futures activity.
MENTIONED IN THIS ARTICLE
Chicago
Livestock Market Totals From New York and Chicago Reports
New York receipts show steady markets for beeves calves sheep and hogs with price ranges. Chicago figures indicate strength in hogs and cattle with mixed sheep values across the board.
MENTIONED IN THIS ARTICLE
New York
Chicago
Baltimore Markets Report Seeded by Winter Prices
Baltimore markets report January 12 shows oats with white No 2 at 49 50 cents bushel, No 4 at 44 45, live poultry prices for old hens roosters ducks and guineas, pigeons and geese noted. Butter prices range from fancy 33 14 to store packed 18 cents per pound, with creamery and dairy varieties listed.
MENTIONED IN THIS ARTICLE
New York State
Elgin
Tub
Virginia
Western
Banneries
Florida
North Carolina
California
New York
Brussels
Baltimore
Peking
Kent Island
Cottonseed Oil Market Prices Listed in New York
New York on January 12 reports prime crude cottonseed oil trading from 7.80 to 7.87 for crude, with spot at 8.93 and January at 8.94. Future months show April 3.90, May 8.94, June 8.95, July 9.03, August 9.06, plus prime winter yellow and summer white ranges around 9.00 to 10.00.
MENTIONED IN THIS ARTICLE
New York
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Armour
Atchison Gen
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Poole Eng
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P. Ba
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Ar & F
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Assoc
Atchison Pt
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Balt
Ohio Pf
Batopilas
Beth. Steel
Reth. Steel Pk
Can
Pacific
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Gt. W
C.M
St.p
RL & PF
China
Fuel & Iron
Consol
Contin
Cor Prod. Pf
Crucible S. P
Am. Sug
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Am. S. Pf
del. & Fradson
Nba
Den
Bio.G.pe
Diam. Mateh
Dist. Securities
Elec. Stor. Bat
Brie
Brie Ist
Goodrich
B. F
North. Pf
N. Ore. Sub
Greene C. Cop
Guegen
Minois
Agricul
Inter
Inter. Con
C. Pf
Kang. G. So
Lake E
Lake E. & W.pf
Lehigh Valley
Lig. & Myers
Louis & Nash
Mackay Com.pf
Max. M. Co
Maxwell M
Merc. Ma
Merc. M
Miami Copper
Minn, & St. L
S.S.M
Mo. Pacific
Mo. Pac
Mont. Power. Thk
TAM
Mont. Pwr
Nat. Biscuit
Nat. Enam, & S
Nat. Lead
N.R.R
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N.Y
N. Y. Central
LOON
Y.C.& West
Norf. & Weat
North Amer
North
Pac. Tel. & Tel
Penna. R. R
BEA
People’s G. & C
Phila. Co
Pitts ‘Coat
Pal
Quicksiiver A
Quicksilver
Ry. Steel Sp
Stl. Sp. P
Rep. I. & Steel
Rock Island
Rumsey Ctfs
Texas Co
Third Avenue
GORE
Twin C. R. T
Union Bay Co
Union Pac
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United Hy. Inv
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S. R
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Mary
Tei
Westinghouses
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Capital Traction
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Hlec
Ss Col. Gaz
Elec
Reyes
Capital Traction Co. Hs
P. River R. R. Ss. A
P. River
Guar
City and Sub
Metropolitan R. R
Wash. RY
Lec. Ja
Pat
Amer
W. Steamboat Sa
Riges Realty
Riggs Realty
Capital Traction Co
Mee
Mlec
W. Steamboa
Send Am. Tel
Tel. Co
Mergenthaler “Linotype
Lanston Monotype
Greene-Cananea Copper
American
Columbia
Farmers and Mechanica
Lincoln
Washington
Am. Security and Trust
Union Trust Company Wash. Loan and Trust Continental
Savings
Home Savings Bank
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East Washington Savings
Arlington
Bieta
Meee Corcoran
Cates Firemen
D. of C
Graphophone
Graphophone Ptd
Security Storage Co
Washington Market
Baltimore Securities
A S
Panama
NEW York Grain
National Metropolitan Bank
George W. White
C. H. P. Sonngen
George OC
Watson
Gales Moore
Columbia National Bank
Albert ¥. Fox
Charles B. Bailey
Benjamin W. Guy
Clarence Carson
Arthur N. Mitchell
Second National Bank
Cuno H. Rudoll
Columbia, Permanent Building Association
Jesuit
Melvin C. Hazen
William P. Richards
Floyd E. Davis
Clarence I. Geasford
Henry FP. West
Clarence I. Gessford
Nathan Hazen
John B. Murray
Altrea J .H. Taylor
Alpheus EB. Riddle
Ernest M. Colvin
Walter G. Davia
G. Clinton
James
Home Building Association
Richard EH. Claughton
Anson S. Taylor
William W Gulliher
James M. Woodward
Edward S. Weacott
George W. Linkins
Charles N. Moors
William K. Reeve
J. Paul Smith
Bred L. Vogt
Madison Whipple
Local Produce Market
George W
Potomac Con
Wash. Ry. Pi
Wash. Ry. Com
Washington Utilities Co
Lenaton
Munsey Trust
Continental Trust
Wash, & Southern Bank
N. & W. Steamboat
Gayety ‘Theater
Columbia Hotel Company
Fussell Tee Cream Company
American Paper
District of Columbia
Swartzell, Rheem & Hensey Co
Fifteenth Street
N. W
W. KE
Chicago Grain
Ohio Oil
Standard Oil
John H. Putnam & Company
Broad St
Tears Street
Hartford, Janoury
Main Street
Springfield
Mass
A.B. Leach & Co
Broadway
Washington Corre
Flather
Moorhead & Elmore
15Th St
Malin
National Savings and Trust Company
Geo. J. Easterday
G Street
Washington, D. C
Flatcer, Moorhead & Elmore
New York Stock Exchange
Mutual Life Insurance Company of New York
Thomas P. Morgan
Southern
Comeee
D. C
Jease L. Heiskell
H St. N. W