Market gains across sectors signal broad bullish tilt in July
New York July 22 traders saw widespread strength with rails and banks driving gains. United States Steel led with about a 1.5 percent advance as other industrials like General Motors and tobacco shares rose. Banks surpassed estimates with a about 1.25 million cash gain, while mercantile agencies reports remained confident despite storm-impacted South regions.
Large Steel Exports Signal Heavy Rail and Billet Demand
Large export sales of semifinished steel mark a busy week with Russia seeking 50,000 tons more rails and dividing a 50,000 ton barbed wire contract between Pittsburgh and Youngstown mills. Other sales include 40,000 tons billets, 8,000 tons sheet bars, 6,000 tons billets and 4,000 tons plates for shipment to Great Britain and France, and a Chicago firm taking a 50,000 ton forging billet contract for war munitions.
MENTIONED IN THIS ARTICLE
New York
Russia
Pittsburgh
Youngstown
Ohio
Pittsburgh Mills
Great Britain
France
Chicago Steel Company
Treasury Financial Condition July 21 1916 Report
United States Treasury reports revenue receipts 2 170 937 83 for July, with year to date totals and disbursements. Includes asset totals in general fund, gold and silver holdings, Treasury notes, and bank certificates. Notes on international steel and rail orders, and weekly securities sales by Hibbs & Co. reflect market activity.
MENTIONED IN THIS ARTICLE
General Fund
Treasury
United States
Federal Reserve
Philip
Nines
Tae
MARKET BUOYANT AS MUNITIONS ORDERS LOOM
New York reports a week of heavy stock market losses followed by a general recovery on confident indications that England France and Australia will award large profitable orders for munitions and related goods. The piece notes a tighter supply despite hopes of new contracts and cites a sharp rise in U.S. steel equity strength led by Republic Iron and Steel. It also chronicles French Somme operations and the notable performance of Breton reservists.
MENTIONED IN THIS ARTICLE
New York
England
France
Aussia
Saya
Ula
Somme
Baltimore securities report fragment
Fragmentary Baltimore securities note from July 22 with scribbled figures including Butter tubs and a 27 percent price cue. Details are unclear due to OCR garble but indicate market tidbits and firm quotes within a brief update.
Wall Street News and Gossip Delays on Stock and Earnings
New York July 22 speculation centers on United States Steel Corporation directors possibly boosting the common stock dividend next Tuesday. Analysts note a surge in railroad earnings, with roads reporting a 47 per cent rise over two weeks of 1918 and 10 per cent above 1914. Corporations hold large cash reserves, rivaling banks in short-term lending, with four majors already showing combined resources near 3.5 billion dollars, led by Standard Oil, the Steel Corporation, and General Electric.
MENTIONED IN THIS ARTICLE
New York
Telco
H C Sa
Armour & Co
Atchison
Baltimore & Ohio
Bethlehem Steel
Brooklyn
Central of Georgia
Central Pacific
Chesapeake & Ohio
Chicago
Chicago Great Western
Mit & St
Mit & St Pogen
Chi Roi & Pac Ry
Chicago & NW
Colorado & Southern
Consolidated Gag Co Co
den & Rio Grande
SY Railways
Adj
Ee BO Noy
Norfolk & Western
Northern Pacific
We. BR
Oregon Short Line
Pacific Tel & Tal
Pennsylvania
Pennsyisania
Reading
Republic
L & San Fran RR
St Louis Southwestern
Routhern Tel Sa
Routhern Paifle Ov
Bouthern Pacific
Southern Railway
Routhern Raiway
Tennessee Copper
Texas Company
Texas & Pacific
Third Avenue
Thien Pacific Ts
Union Pacificy
US Rubber
US Steel
Virginia-Carolina
Western Union
Westinghouse Electric Cy
Raux
Hailway
United States
Ia Porta
Amderda
Wal Street
Standard Oil Companies
Am One
Steel Corporation
General Electric Company
Curb Market Update From New York July 22
New York curb market brief notes quotas and price moves for July 22 as traders track livestock and commodity trends with attention to supply shifts and market signals from the exchange.
New York Bank Statement Shows Higher Weekly Reserves
Weekly bank statement in New York indicates total reserves in excess of legal requirements rise by 12.98 million to 108.09 million. Loans and discounts fall by 3.88 million, deposits decline, and net circulation decreases while overall deposits and vault reserves adjust across state banks and trust companies in Greater New York.
MENTIONED IN THIS ARTICLE
New York
Speke
Federal Reserve Bank
THO
Radical upturns in wheat and futures in Chicago grain market
Chicago traders saw radical upturns in wheat values driven by widespread black rust in the Dakotas Minnesota and into Manitoba. Prices closed higher with September around 119 1/4 and December near 121 1/4 while corn gained modestly and oats soy barley and provisions posted varied moves in futures trading.
MENTIONED IN THIS ARTICLE
Chicago
Dakotas
Minnesota
Manitoba
New York Cotton Market Faces Better Tone and Week End Covering
New York July 22 a stronger cotton tone emerged with brisk buying near the close, futures finishing 5 to 10 points higher. Reports of unfavorable private crop advices from the Eastern belt prompted cautious optimism and end of week cover. Credit balances and shipments figures appear in the text, noting totals around 103,300 and 75,578 with averages near 60,169.
MENTIONED IN THIS ARTICLE
New York
Ol City
Federal Reserve Reports Fall in Gold Reserves This Week
The Federal Reserve system shows a weekly decline with nearly 27 million dollars dropped from total gold reserves and more than 21 million from total reserves in the week ending July 21. The statement lists gold coin and certificates, gold settlement and redemption funds, and various earning assets totaling just under 199 million dollars, with overall liabilities at about 618.5 million. Gold reserves stand at 668 percent of net deposits and notes, with cash reserves around 69 percent after adjustments.
MENTIONED IN THIS ARTICLE
Federal Reserve System
United States
US Treasury
Federal Reserve
Federal Reserve Banks
New York Money Market Snapshot July 22
Mercantile paper and various currencies quotes dominate the brief update. Rates shown include Sterling 60-day bills at 4 1/2 to 4 3/4, Francs near 4 3/4, Marks around 7 1/4, Kronen near 12 1/2, Guilders about 17 3/4, Rubles around 9 1/4, and Mexican dinars at 13 percent.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
Live Stock Markets Report from Chicago with Mixed Receipts
Live stock market notes from Chicago dated July 22 show hog receipts around 19 000, prices showing declines to 10 cents under yesterday's average. Cattle receipts near 290, native beef cattle around 8 75 to 8 75, stockers and feeders, calves, and veals listed with varying prices. Sheep and lambs also pass through with steady to firm indicators and specified ranges. Local prices for hogs, cattle, sheep, and calves are given, with references to roughs and better grades in categories.
MENTIONED IN THIS ARTICLE
Lam
Pennsylvania
Local Produce Market Prices Listed for Poultry and Produce
A historical price rundown shows alive poultry figures for hens, turkeys, and spring chickens, with cheese, butter, eggs, and an array of vegetables and green fruits. Prices vary by item and region, including California oranges, cantaloupes, apples, and berries, with per crate or per basket listings and small regional differences.
MENTIONED IN THIS ARTICLE
New York State
Elgin
Tub
Cresk
Virginia
Florida
California
Baltimore Markets: Oats Poultry Butter and Eggs Prices
Baltimore markets report daily commodity prices with oats at various white grades, live poultry including chickens ducks and geese, butter in multiple forms from creamery to process, and eggs from Maryland Pennsylvania Western and Southern regions. Prices vary by grade weight and product, reflecting market conditions for July 22.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland
Ohio
Pennsylvania
West Virginia
Southern
Philadelphia Markets July 22 Roundup
Philadelphia market notes show quiet but steady conditions across commodities. Beans and corn mixed with higher oats and steady cheese and eggs. Prices cited include No 2 red spot and July, No 2 Southern red, and various yellow corn and oats grades with slight gains.
MENTIONED IN THIS ARTICLE
Philadelphia
New York Produce Prices On Butter Eggs Cheese Poultry
New York market notes show steady butter receipts at 11 243 creamery and 29 30 cents firsts, eggs irregular at 10 765 with fresh gathered extra fine at 27 29 cents, nearby hens browns 29031 cents, cheese 2 968 receipts with state fresh apedata 15 percent, poultry live broilers fowl and turkeys listed, flour and meats steady to firm with lard midwest 1250 13.00.
MENTIONED IN THIS ARTICLE
New York
Hennery
Middle West
New York Grain Prices Report July 22
Spot prices show strength with no durum grain and high fractions. No 2 red durum is listed at 127 percent, No 4 northern from Duluth at 137, and No 1 northern Manitoba at 134 with fees. Corn and oats held firm with No 2 yellow corn at 94 and oats at 48 percent.
MENTIONED IN THIS ARTICLE
New York
Duluth
Manitoba
Ft c
Standard
Washington cattle market hogs and calves sales notes
A Washington cattle market report lists hog categories by weight and grade with prices and variation. Dressed hogs at 94, small 110 to 11 percent, medium 11, heavy 10. Calves 814 1 cent, medium 69 percent, spring lambs 9 to 10.
Cottonseed Oil Market Prices In New York
New York July 22 prime crude 860 spot and 945 July 952 August 968 September 967 October 81 November 820 December 816 January February 920 prime winter yellow and summer white 960.
MENTIONED IN THIS ARTICLE
New York
The Metal Market Shows Firm Copper Demand
New York reports improved copper demand with dealers indicating possible price reduction if bids fall. October around 29 and November-December near 29, but sellers hold. Resellers and second hands active with electrolytic copper quoted 74 to 76 for near and forward deliveries. Iron unchanged.
MENTIONED IN THIS ARTICLE
New York
Railroads Rush Army Goods to Border in Five Days
Railroads and War Department arrange marked cars attached to fast freight trains for swift shipment of ammunition and supplies to the border. Washington to border four days, New York five days, Great Lakes about 48 hours. Cooperation of railroads expected to ease mobilization criticisms seen in 1898.
MENTIONED IN THIS ARTICLE
Washington
War Department
Department
New York
Tess
Great Lakes
Postmasters to Aid Banks in National Check Clearance
Secretary Renig yesterday announced that the Postmaster General instructed postmasters nationwide in towns without a member bank of the Federal Reserve to collect checks drawn on nonmember State banks and remit proceeds to the Federal Reserve banks. The move supports the new country-wide clearance plan that began on July 15 and aims to collect checks at par.
MENTIONED IN THIS ARTICLE
Renig
Federal Reserve System
Federal Reserve
Federal Reserve Board
Federal Reserve Banks
Expect Bill for Railroads Postponing Clayton Act Provisions
Lawmakers report a plan by railroads to ask President Wilson to delay parts of the Clayton antitrust act, with White House approval seen and a push this session to pass the measure. Officials urge two year postponement of a section barring common carriers from dealing in securities or contracting with firms tied to their officials, unless via competitive bidding under ICC rules.
MENTIONED IN THIS ARTICLE
Wilson
House Judiciary Committee
Congress
Interstate Commerce Commission
Indians Leave Good Word Behind in Webster Outing
Eastern Connecticut chambers of commerce guests visited Lakehar- RougE SoKS Manchaug-agowsamaur a historic Red Man site. The day centered on attempts to pronounce the lake name amid a feast of clam chowder clams sea bass lobsters and spring chicken with a light note on Native American names.
MENTIONED IN THIS ARTICLE
Webster
Mass
Thea Chambers of Commerce
Connecticut
Webster-Dudley Chamber of Commerce
Southbridge Board of Trade
Lakehar- Rouge Soks Manchaug-agowsamaur
Redmen
Georgia Shippers sue railroads over export bills ruling
Complaint filed with the Interstate Commerce Commission by Georgia Shippers and the Georgia Maranova Association alleges southern and other railways favored adjacent states by refusing export bills of lading to Georgia shippers. The groups seek a commission order mandating equal treatment of Georgia shipments.
MENTIONED IN THIS ARTICLE
Georgia Maranova Association
Interstates Commerce Commission
Southern
Georgia
Commission
Groundwire telephone claim shocks San Francisco
Dr Bar ringer Cox announced a ground based wireless telephone made possible by a single conductor. He disclosed a new physics law that electrical energy can be transmitted through the earth. After five months with the U.S. forest service at Loglyea Cal he worked on wireless signals for forest fires and says the ground can carry the human voice.
MENTIONED IN THIS ARTICLE
San Francisco
Barringer Cox
Cox
Log Lyea Cal
United States Forest Service
Prisoners Kill Guard in Camden Jail Escape
In Camden County, two prisoners killed guard Tas Hibbs and wounded guard Joseph Ellis during an escape from the jail. William Thompson, 73, allegedly fired a revolver, then Wilson Ashbridge seized the weapon and shot Ellis before the pair fled. Hibbs died and Ellis was fatally wounded. Ashbridge is in custody on murder charges.
MENTIONED IN THIS ARTICLE
Camden
Camden County
William Thompson
Tsyaac Hibbs
Joseph Ellis
Thompson
Hibbr
Wilson Ashbridge
Dia Rippan Petroleum Company Formed in Tokyo
To exploit Japan's petroleum resources a Tokyo promoter plans a two and a half million dollar company named the Dia Rippan Petroleum Company. It targets four districts including Formosa. Sites were chosen by the government’s geographical investigation office. Two large oil producers already operate in Japan.
MENTIONED IN THIS ARTICLE
Tokyo
Dia Rippan Petroleum Company
Savage Island
Formosa
Murvera Mare
Geographal
Japan
Confer On Latin America In Buenos Aires Meeting
A July conference in Buenos Aires discussed an economic rapprochement among South American nations. Attendees included Frederick J Samson American Ambassador Ruy Harhosa Brazilian Minister and Argentina's foreign minister. The Brazilian minister warned that alliance lessons from Britain and France should guide progress. He visited President Jupolito Irigoyen and both officials praised Brazil Argentina ties.
MENTIONED IN THIS ARTICLE
Buenos Aires
Argentina
Frederick J Samson
Ruy Harhosa
Tha Ar-genting
Aonent
Mraz
Great Britain
France
Jupolito Irizgeven
Brazil
Divergent Banks Split On Federal Reserve Act
New York July 23 banks nationwide report a split verdict on the Federal Reserve Act after a survey by a New York trust company. More than 5000 replies, 1760 favorable, 1773 unfavorable, and 1811 noncommittal. Member banks: 1 favorable to 108 unfavorable, 392 noncommittal.
MENTIONED IN THIS ARTICLE
New York
New York Trust Company
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