Markets rally and retreat on government stance and steel demand
Wall Street sees heavy trading led by professionals as bids rise on copper and rail strengths before midsession gains fade. Investors focus on Washington’s submarine concession stance, Western transportation traffic, and steel sector demand amid mixed railroad activity and corporate notes.
MENTIONED IN THIS ARTICLE
New York
Washington
Ipssea
Mexat Petroleum
Holland writes of no longer a debtor nation
Holland declares the United States has become a world banker by purchasing more than one billion dollars of American securities from Europe and loans of Bilton made. The piece argues the U S. now stands as the world’s lender of capital.
MENTIONED IN THIS ARTICLE
Hurope
Biltton
U. S
World Banker
Warburg Address Gives New Significance to U S Global Role
Paul M. Warburg of the Federal Reserve Board spoke to Argentinians, stating the United States has paid its debts to Europe and lent $1,000,000,000 abroad, signaling a new era of American banking power. The translation into English underscores Washington’s view of the address as important, with implications for the U S position as a world banker and creditor.
MENTIONED IN THIS ARTICLE
New York
Paul M. Warburg
Federal Reserve Board
Argentina
Warburg
Financial District
Treasury Department
Washington
Adress
United States
BilHon
Mr. Warburg
Eara
Frank A. Vanderlip
Boston
James J. Gill
Market notes and copper tin prices with Warburg address
A market roundup cites copper and tin quotes with August copper futures around 138 and electrolytic 152. It also notes Warburg’s address urging U S recovery of Europe’s investment role and the need for Latin American trade, plus expected banking law changes. Cottonseed oil prices in Hollands market are listed, with ranges for prima crude and various seasonal grades.
Market Quiet on Washington Stock Exchange With Dull Activity
Local financial notes show a calm session on the Washington Stock Exchange with few trades. Washington Gas traded at 75 percent, Lanaton saw some 10 share lots at 76 to 76 percent, and a bid of 78 for 100 shares was noted but not covered. Bonds remained in demand while street railway stocks stayed lifeless, with capital traction and Washington Gas 5s offering at 107 and 10744 respectively.
MENTIONED IN THIS ARTICLE
Maxwell Issey
Os Steel
Bethlehem
Stres
Tsauca
Washington Stock Exchange
Washington Gas
Lanaton
Potomac Electric
Capital Traction
Washington Ges
Georgetown Gas c
Georgetown Gas Bs
Wee
Columbia Gas and
Elec
Col. Gas & Elec
Anac
Pot
Hiver Ry
River Zuer
Metropolitan R. R
Nei Am. Tel
Tel. Ev
Amer. Tel
Tel Con
Amer
Grapho
Au Wash
Mkt Co
N. & W. Steamboat
Riggs Realty
Higgs Realty
Capital Traction Co. Ab
Wash. Ry
Elec. Com
B. Ptd
W. Steamboat
Am Tel. and
Tel. Co
Greene Cananea Copper
Mergenthaler Linotype
Lanston Monotype
National Bank
Capital Columbia
Commercia
District
Farmers and Mechanics
Federal
Lincoln Y
Metropolitan
Washington
Trust Company
Amer Security & Trust
Natl Savings & Trust
Union Trust Company
Nah. Loan & Trust
Continental Fae
Home Savings Bank
Commerce and Savings
East Washington
Arlington
Corcoran
Columbia
Chapin-Sacks Co
C. Paper Mfg Co
Amer Graphophone
C. C. & Gt. Falls Land
Potomac
Rigo Pvt
Chex
Steanmn
Wash. Rwy
Elec. Ptd
Bachelor Realty Corp
Wash
Elec, Ptd
Lanston
Franklin Nat, Bank
Washington Baseball
Thomas L. Hume
G Street
Foo
Requist
Varanda
New York Stock Exchange
Local Stock Exchange Noon Sales Report
Washington Gas at 75 percent with regular call at noon. Potomac Electric transactions show 5 percent and $2,000 at 10045, $1,000 at 10034, 4,000 at 100 percent, $2,000 at 10074. Potomac Electric Lt. fs lists $1,000 at 105. Lanston Monotype entries include 19 at 764 percent, 10 at 7655, 1 at 76 percent, 10 at 76 percent, 10 at TER, 10 at 76 percent.
MENTIONED IN THIS ARTICLE
Washington Gas
Potomac Electric Cons
Potomac Electric Lt. Fs
Lanston Monotype
New York Cotton Prices Leap Then Slip Amid Realization
New York May cotton futures surged to 12.86 for July with heavy profit taking pushing July down to 12.72. The market closed barely steady, down 1 to 2 points, with May at 12.64 and October around 12.88 to 12.89 while December and January posted higher ranges.
MENTIONED IN THIS ARTICLE
New York
United States Treasury reports fiscal deficits and assets May 4 1915
Treasury data shows this fiscal year deficit of 40 885 793 compared with last year 102 053 058 excluding Panama Canal and public debt. Total general fund assets and liabilities list gold and silver holdings and notes. monthly revenue and disbursements figures appear alongside long balance totals and bank note redemptions.
MENTIONED IN THIS ARTICLE
United States i Treasury
General Fund
Seeseene
Treasury
New York Produce Prices Across Butter Eggs Cheese and Grains
New York reports varied butter and cheese prices with receipts and grade splits. Wheat and corn futures swing on government crop report expectations as Chicago and Baltimore markets show mixed carries and delivery figures.
Wall Street News And Gossip Highlights Rail Earnings
From New York May 8 the period November 1 1915 to March end shows Wabash Railroad grossed 14559946 up 3163270 from last year with net earnings 4233303 up 2877750 and surplus 1757645 up 3387536. Lousville Nashville earned 6058420 last month up 921752. Illinois Railroad reports April dividends 1 1/2 percent on preferred and 2 1/2 percent on common with ten months gross 122,000,000 plus.
MENTIONED IN THIS ARTICLE
New York
Wabash Railroad Company
Loulaville & Nashville
Bross
Colden O
Illinois Railroad
Revee
Local Produce Market Prices and Varieties
A price list for poultry cheese butter eggs and vegetables from a local market. It includes hens roosters ducks and turkeys with per pound prices, New York State factory cheese and Elgin butter, Nearby Virginia eggs, and extensive vegetable items with per bushel per crate and basket pricing. Strong entities include locations Elgin Virginia North Carolina Florida California and terms like No 1 No 2 and bas ket.
MENTIONED IN THIS ARTICLE
New York State
Elgin
Tub
Virginia
North Carolina
Florida
Washington cattle market report items and weights
Cattle lots described with terms like hoge dressed small medium and heavy, sheep and veal calves listed with numeric tags and percentages. Fragmentary figures include 849 percent dressing, 714. 1 percent medium, 11 heavy, 16 sheep clipped and calf figures such as 19 medium 99 4. Spring lambs noted with 1213.
Livestock Market Receipts and Prices Across Cities
New York and Chicago markets report steady to weak livestock with mixed price ranges. Cattle include native steers 7.40 to 9.90, cows 4.20 to 9.35, calves 6.25 to 9.56. hogs 6.61 to 9.86, sows and pigs noted. sheep and lambs show clipped and spring varieties from 5.30 to 10.50 for lambs.
MENTIONED IN THIS ARTICLE
New York
Chicago
Winter wheat crop forecast halves previous year's harvest
The May crop report from the Department of Agriculture forecasts about 489.28 million bushels of winter wheat this year, about 155 million bushels below last year’s record, due to drastic reductions in planted acreage from severe winter and widespread abandonment of 4,236,000 acres. May 1 condition stood at 82.4 percent of normal, with yield projected at 15.1 bushels per acre, while Atlantic coast crops were generally fair to good. Other crops show rye 88.7 percent, meadow lands 68.4, hay stocks at 11,049,000 long tons, and spring plowing 10.4 percent finished.
MENTIONED IN THIS ARTICLE
Department of Agriculture
United States
Atlantic
Philadelphia Markets May 8 price report review
Philadelphia markets report butter at 31 32 cents for Western creamery extra and 34 for nearby prints. Western extra firsts 6.75 to 6.90 per hundredweight. firmer New York full cream cheese at 18 to 19½. wheat steady with No. 2 spot May 1.17 to 1.20. No. 2 red southern 1.20. corn steady No. 2 yellow 84 to 84½ cents. oats firm No. 2 white 51 to 52 cents.
MENTIONED IN THIS ARTICLE
Plata Bebyiak
Gold
Jawell Tea
C. So. Pf
Am Ag. Chem
Lehigh Valley
E Xpressey
Lee & TT
Hide & TL
Long Island
H. & Lpfd
Louis
Nas
Ice
Mackay Cos
Gooj
Lingeed
Maxwell M. Co
Aoye
Am. Lins
Maxwell M
Am. Sm
Miami
M_S.P
SS. M
Mo. Pacific
Mo. Pac
Etts
Am. Sug
Mont
Am. Tel & Tel
Nat. Cloak & S
Am Tobacco
T. Pfd
Nat. Enam. & S
Am. Woolen
Nat
Am. Woal
Pra
Y. Alr Brakell
N. YY. Central
Norfolk & W
G. Eine
Bald. Lee
North Amer
Pac
Roy
Ontario
Sitven
Bal. & O
Pacific Mail
Bate
Penn
Beth, Steel
Peoples
Pres. S.car Pf
Oo'butte & Sup
P.8 Co
al Oo
Rep. I. & Steel
Ches, & Ohio
Chic. M. & S&s P
Seab. A. L. Bt
Sears-Rock
Postuso
Shattuck A. Cy
Chic & N. W. Alt
ROL & PR
Southern Pac
Chile Copper
China Con
P. R. Sugar
Colo. Fuel & Ir
P.R. Sug. Pf
Col & South
Southern Ry
South
Studebaker
Texas & Pacific
Deere Pf
Texas Co
Hudson
Rlo
R. G
Union Pacific
Mdetroit Edison
Union Pac
United Fruit
Dist. Securities
United Ay. Inv
U. Ry. Inv
Elec. Stor. Bat
Erie
U. S
Erie 2A
L. S. Real&Imp
Gen. Motors
U . Sm
Goodrich
B. F
Steel
L. S. Steal
Utah Copper
al Roy
Ming
North
Utah Sec. Corp
Gt. N. Or
Wabash A
Greene C. Cop
Wabash
Gulf S Steel
B. Wey
Wells Fargo
West Mary
Illinois Central
West UN
Agricul
West Air Brake
Agri
Westinghousefi
Woolworth
Interboro Con
L. FE
Interb. Con. Pf
Wh&l.e
Int
M. M. Ctfs
Willys-Over'd
M. Pf
Wisconsin Con
New York
May
Northern
Southern
London
Hennery
Wisconsin
Middle West
Chicago
Baltimore
Maryland
Pennsylvania
West Virginia
Philadelphia
Western Creamery Extra
Firsta
F. cc
F. A
New York Grain Prices Report May Update
New York market notes May trading shows spot prices for wheat and corn with mixed bids. Durum and hard wheats quoted around 1.89 and 1.24 respectively while northern origins from Duluth and Manitoba listed with fractional gains. Corn spot and oats figures appear modest with several grade labels and percentages noted.
MENTIONED IN THIS ARTICLE
New York
Northern
Duluth
Manitoba
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Venevar
Cnvel
Josha St
Atchison
Astral
Teading
Tne
Hagan
Bonn
Merantile Marine
Solimore
Chiara
Quincy
Tiag
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Can
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Thy
Tay Miasourk Pacific
Montana Power
York Central
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York Railwaya Adj. Aw
Hartford
Norfolk and Western
Northarn Pacific
Orekan
Pacife Tal
Telbe
Reading
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Colden
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Gaston Will, & W
Bay
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Magma Cop
Maxim Mun
Petroleum
Midvale Steel
Nee
Nipissing
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Peerless Met
Ray Hercules i Ace
Pacific Mailete
Perlman Rim Zz Submarine Corp
Dupont
Havana Tobacco
Hercules Powder
N. J
A.w P. Pipe L. St
Cat
Ind
Kana
Nebr
Nee Br
Ang
Baltimore Securities
Panama
Dace Adventure
Alaska Gold
Allouez Mining
Copper Range Consolidated
East Butte
Franklin Mining
Mayflower
Nevada Con
Old Colony
N.Y N. HH. & H. Bam Shannon Mining
United Fruit Ss
Utah
Wolverine Mining
Con
Houston
United Rys. & E. Cec
Poole
Eng. Medh. Co
Balto
City
Con. Power
Houston Oll
Aly
U. Rys. & Blec
Sapulpa Ref. Com
Paonle
Local Stock Exchange
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Territory
Gadurats
Pancine
National Savings & Trust Company Cor
N. Y. Ave
NEW York Grain
A.B. Leach & Co Investment Securities
Cedar St
Washington Correst
Flather
Moorhead & Elmore
15Th St
Imi
Exchange Place
Raimi
District of Columbia
Swartzell, Rheem & Hensey Co
Fifteenth Street
N. W
Ural
Q. Postrojka Company, Ltd
Ferm
Russia
Ralph W. Lee
14Th St. N. W
Flather, Moorhead & Elmore
New York Stock Exchanges
Membens
Bondford Brocks
Union Savings Bank
Wade H. Cooper
Miller Train Control
Oklahoma Oil Geo. J. Easterday
Toe Mutual Lite
York
Thomas P. Mergen