Stocks Rise In Active Trading Amid Mixed Downtick Signals
Reading and Union Pacific led gains as market extended a rally, with idle shares shrinking and new inquiries in metals and rail issues. The session showed broader weakness in foreign markets while U S stocks climbed in late trading amid favorable steel sector notes and renewed investor demand.
MENTIONED IN THIS ARTICLE
Reading
Union Pacific
United Steel
Wall Street Gossipy Notes On Rail, Steel Stocks And Wheat
Wall Street traders showed skepticism as markets edged up on Pennsylvania, New York Central and Union Pacific. The United States Steel report impressed and a large locomotive order was funded by earlier bonds. Union Pacific rebounded after a weak start amid divergence on a segregation plan. Banking interests denied major new fund plans while Brooklyn Rapid Transit saw support from a prominent firm. The piece notes cautious sentiment, interest in equipment costs, and looming wheat crop speculation driven by experts and traders.
MENTIONED IN THIS ARTICLE
Boechat
Walhington
New York
Mar
Pennsylvania
Swissacres
Union Pacific
New York Central
American Locomotive Company
Dn Bank
Ita
Locomotive Company
United States Steel Corporation
Union ‘Pacific
Igsuch
Lkely
Department of Justice
Harrimanines
Washington Railway and Electric chief resigns to become executive chair
Ward Thoran, ten year auditor for American Security and Trust, resigns to take chair of the executive committee of the Washington Railway and Electric Corporation. The move comes as the company recently comes under local control as market activity shows modest bond and stock movements with dividends announced and leadership changes at local banks.
MENTIONED IN THIS ARTICLE
Ward Thoran
American Security and ‘Trust Company
Washington Rail Way
Dudt Electric Corporation
Thoron
The
Stock Exchange
C.S. Bell
Potomac Electric
Washington Railway and Electric
Golvanes
United States Treasury Money Markets and Commodities Report
New York March 2 Mooney on call at 2 percent rate and 14 percent closing bid. quotes for commercial paper and exchange steady. Cattle, hogs, sheep, and lamb prices listed with ranges. butter, cheese, and live poultry markets show steady demand. Dressed meats and vegetables feature steady to softer prices with regional variations. fruits include apples and oranges with several price per barrel figures.
MENTIONED IN THIS ARTICLE
Farmers and Mechanics’ National Bank of Georgetown
Ivhile the Exchange
New York Exchange
New York
Mooney
West Virginis
Virginia
North Carolina
Jorge
Turkoss Rare Genece
Pricen
Advanclix
Lens
Early York
T. Swreete
Spye
Florida
Californio
Wheat and Corn Market Roundup From New York Trade
New York reports brisk wheat receipts 42 000 bushels with exports 9 000 as spot market eases. No 4 red 1 41 1/2 elevator No 2 red 1 02 f o b afloat. Corn receipts 3 227 bushels exports 12 425 with spot market easy and options weak then steadied. Oats receipts 100 500 bushels with mixed product prices inching higher on firmness in spot.
MENTIONED IN THIS ARTICLE
New York
Duluth
Argentina
Bepterber
Toilevator
Chicago Grain Summary Reflects Weak Wheat and Corn Market
The Chicago wheat market opened weak and slipped further due to favorable fall crop conditions and reports of good southwest conditions. May wheat traded around 65 to 66 cents, closing weak after some short-covering. Corn and oats fell as well with limited demand, while provisions declined slightly on overall grain softness and slack export interest. Local receipts totaled 388 cars for grain and 0 for contracts.
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Wall Street
Chicago
Mar
Lavernoor
Argentina
Bradstreet
Minneapolis
Duluth
Shorts
May
Oata
Rey San
Sen
New York Cotton Market Tumbles Then Holds Steady
New York March cotton prices opened higher on bullish census data but slid sharply to new season lows before ending steady. Trading totaled around 850,000 bales with May futures down about 16 to 18 points from yesterday and below January highs. Southern spot markets were mostly steady to lower as traders weighed a rumored production curtailment plan and ongoing Wall Street selling.
MENTIONED IN THIS ARTICLE
New York
Mar
Suma
Liverpool
Axnerial
Wall Street
Abovn
Metal market report shows firm finishes in New York and London
The London market gained with copper and lead higher and spot prices at 4440 for gold metal futures around 197 13s in London. Locally, prices were firm and higher with copper near 15,875 and lead around 8,304. Boe lter and iron markets showed mixed or flat moves and several foundry quotes remained around 18.00 for No 1 foundry Northern and related grades.
MENTIONED IN THIS ARTICLE
New York
Mar
London
Little Highée
Standard
Cleveland
Northern
Matt
Visible Cotton Supply Declines Worldwide in Latest Update
New Orleans reports Secretary Heaters statement shows world visible cotton at 4,602,242 bales, down from 4,606,004 last week and 5,987,400 a year ago. American cotton totals 3,224,964, with higher grades at 1,059,876. Britain Europe holdings near 2,576,000. Egypt 251,000. India 610,000. United States 1,054,000.
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Oston
Mar
Boston
Albany
Oa Bf
Breton
Madao
Interna
Tauburg Red
Micceilamcons
Mexican Central
New York
New Woven
Hartford
VL JaBig National Bank
Ameritt
Iyison Electric
Massachusetts Electric
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National Bank
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United States
Record Earnings Rise for United States Steel in 1907
The United States Steel Corporation reports a banner year with 1907 gross receipts of 757,044,767 and surplus net income of 69,179,836 after allocations. Despite recession and October crisis impacts, bookings for January through March show gains, signaling a hopeful outlook for steel demand and a broad expansion for 1908, including Gary Indiana plant plans.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Bik
Gary
Ind
Tennessee Coal, Iron and Railroad Company
Appellate Court Rules Stock Brokerage Tax Inspection Unconstitutional
The New York appellate division unanimously held the law authorizing the state comptroller to inspect books of anyone engaged in brokerage or stock transfers unconstitutional. The ruling cites section 81 of article 1 of the state constitution banning self incrimination. The decision undermines a tax enforcement provision affecting brokers and related parties.
MENTIONED IN THIS ARTICLE
New York
Mar
Appellate Division
Supreme Court
Live Stock Markets Report From New York and Baltimore
Live stock and grain markets across New York and Baltimore show mixed trends with cattle steady to higher, hogs strong, sheep and lambs higher, and grain futures dull. Cattle receipts in New York steady to higher with fat cattle advancing, hogs bid higher, and lambs and sheep improving modestly. Baltimore reports unchanged wheat and mixed corn while oats, rye, and butter hold firm with steady egg and cheese quotes.
MENTIONED IN THIS ARTICLE
New York
Mar
Algady
Liverpool
Chicago
Mer
Oil Quotations and Sugar Prices Advance
Oi City Pa March 20 credit balances 1 18 rung 2 1 78a average 140 826 aldpments 119 677 avérage 174 228 Toledo Ohio Mér M oil North Lima Lot South Lima and Indians 99 Sugar Prices Advanced Wesw York Max 20 all grades of refined sugar were advanced 10 cents a hundred pounds today.
MENTIONED IN THIS ARTICLE
Oi City
Toledo
Ohio
Mér
Lima
Lot
York
Cotton crop yields and bale totals in census report
A census release shows 1187 cotton crop totaling 11,261,168 running bales with average gross weight 5018 pounds per bale and 13,302,872 standard 00-pound bales after adjustments. State running bales list includes Alabama 1,126,028 and Texas 2,271, with totals and bale types across linters and round bales, reflecting shifts from 1905 to 1907.
MENTIONED IN THIS ARTICLE
Linters
Alabama
Arkansas
Florida
Georgia
Kansas
Kentucky
Louisiana
Minstestpps
Missouri
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Sea Island
Copper Market Outlook Says Strong Prices and Demand
Teeten reports in tomorrow's Boston Commercial that copper remains active with Lake view at 12 49 38% and spectrolytic at 12% to ten per pound. Domestic buyers are securing copper up to ninety days. millions of pounds for April and May delivery have been sold. The note cautions that political developments could affect sentiment, but a conservative tilt may lift demand, especially for sheet copper and wire due to upcoming electrical development.
MENTIONED IN THIS ARTICLE
Teeten
Walker
Boston
Lake Ie I
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