Broad Rise in Stocks and Europe Cheer as Funds Build
New York May 13 The stock market showed a broad rise with early gains and no intraday dip to the prior session lows. Optimism spread from abroad as London and Paris saw firmer rates, aided by rising bank deposits and easing pressure on consols. News of lower European rates and expected outward gold shipments tempered strength, while traders weighed pending railway bond sales abroad and potential shifts in money flow.
MENTIONED IN THIS ARTICLE
Washington Post
New York
London
Bank of
Bank of Laglanis Rit
Lnon Lacie
Las Booy Mika
Hermac
Paris
Aloo
Europe
Germany
Raiway
Northern Pacific
Union Pacific
Union Pacific Railroad
Great Northern
Southern Pacific Preferred
Southern Pacifics
New York Money Market and Banking Rates Snapshot
Financial shorthand records show New York money market rates with 1% closing bids and 14% offered, 60 day loans at 3%, 90 days at 7%, and six months at 4% for prime mercantile paper. Notes mention government holdings steady, railroad stocks strong in Boston, and several corporate names with prices and balances listed.
MENTIONED IN THIS ARTICLE
New York
Liles
New York Stock Market Weighs Options and Copper Rally May 13 1908
The May 13 1908 New York market shows mixed signals with higher prices expected. Capital Traction surged though U S Steel remained unrated. National City Bank bids pushed to 185, while Greene Cananea advanced on copper movement. Washington Railway and Electric traded lightly and several banks and trusts posted gains or held steady.
MENTIONED IN THIS ARTICLE
Lanston Monotype
Greene Cananea
New York
Cal
Washington
Allis Chaimera
American Steel Foundry
Adams Express
American Tobacco
Heston Copper
Butte Coston
Sona
New York Bond Market Update Stirs Investor Interest
A brief note from New York markets indicates rising activity in a4 p1y pay pay wm 155 ater day 5, with traders watching yields and liquidity shifts as bonds trade amid uncertain conditions.
Washington Produce Market Daily Prices and Commodities
Market report lists butter cheese poultry and eggs with varied regional quotes. Grain metals and produce values shown for Virginia West Virginia North Carolina Iowa and Maryland with shortages and price shifts noted. Sugar and coffee markets appear elsewhere with labor and export context.
Chicago Grain Market Mixed as Weather Boosts Corn Prospects
Chicago May reports show wheat futures softening on favorable U S and Canadian weather with talk of mill shutdowns dampening demand while May corn rallies on stronger export expectations. oats and provisions stay steady to easy as rainfall lifts crop outlook and supplies rise at Western packing centers. Local receipts and deliveries for wheat, corn, oats, and hogs are noted with mixed activity and margins narrowing.
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Chicago
America
Canada
Minneapolis
Duluth
Ig Mae
She Clone
ATP
FORE
Bard Duly Care
Bae Ash Bate
New York Cotton Market Mixed in May Openings and July Rally
New York cotton futures rose modestly as July contracts saw gains amid firm cables and English spot sales before retreating from peaks. Midday activity showed profit taking by longs, with July slipping from highs before late-session bull support lifted it. Weather maps indicated heavy precipitation in parts of the central and western regions, while report details underlined a generally unsettled trading day with May and other positions posting varied moves.
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New York
Ana Aame
Reditzing
Wall Street
Senten
Washington cattle market report and hogs prices
Cattle market figures show per hundredweight rates for steers and cows with varying grades. Hog prices list green and ordinary per ewt, and sheep and lamb values include clipped and common grades. Calves and veal figures appear with per pound pricing and mixed descriptors in a compact market roundup.
Wall Street Gossip on Union Pacific and Railroads
In New York May 12 traders discuss that Union Pacific plans are delayed and Rothschilds not underwriting. Speculation centers on whether foreign bankers will join Pennsylvania bonds, with market opinions divided on impact. Harriman comments on capital needs, dividends stay steady, and rail stocks show mixed moves including a surge in Southern Pacific preferred.
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Apeelal
Washington
New York
Union Pacific Financial
Rothschilds
Union Pacific
Pennsylvania
Great Eastern Railroad
Harriman
Union Pacifics Financial Affairs
Market Notes From New York and Wheat Prices Edge Lower
The report covers mixed commodity prices with poultry and cheese markets steady or firmer in places, and grains trading in New York May 13. Wheat receipts reached 87,070 bushels with exports of 19,949 and spot prices around No 2 red at 103, with declines amid weather that dampened Northwest milling demand. Corn and oats showed steadier receipts and mixed futures, while fats, oils, and sugars held varied steady to firm levels in an otherwise cautious trading day.
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Virginia
West Virginia
Southwest Virginia
North Carolina
Iowa
Baldwins
Florida
California
New York
London
Twcedy Spelter
Trent
Cleveland
Northern
Bsitimors
Wee York
Stesan ‘Grners Tuckers Apt
Pennsylvania
Santos
Cordova
Southern
Duluth
Milla Tt
Bueves
Cablea
Liverpool
Dresed
Maryland
Chicago
Japanese Finance Expert Visits United States Clarifies Loan Theories
Baron Sakatani former Japanese finance minister in Washington explains Japan’s finances to reporters and financiers denying plans for a loan negotiation. He says his New York meetings with Harriman Schiff and others were personal and to renew acquaintances. He outlines redeeming gold yen bonds due December and a new refunding plan while noting Japan faces no financial crisis.
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Japan
Baron Sakatani
Washington
United States
Mesars Harriman
Sakatani
Ministry of Finance
Matsuda
Europe
Baron Takahira
Baron Sakahira
Baron Sakatan
Lawson Heads New Bay State Gas Company Directors
A special meeting of Bay State Gas stockholders was held to elect directors and officers. Thomas W Lawson was chosen temporary chairman and later president. Edward Addicks was absent. Directors include Lawson, A McSweeney, J Frank Allee, John Abbott Newell Ball, James W McCommons, and W Harry Miller. Allee named vice president, Miller secretary and treasurer.
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Wilmingto del Way
Thomas W Tawenn
Boston
Bay State Gag Company
Edward Addicks
Mr Lawson
Chai Man
Thomas W Lawson
A McSweeney
Frank Allee
John Abbott Newell Ball
James W McCommons
Delaware
W Harry Miller
Philadelphia
Lawson
Allee
W H. Miller
Harriman questions $25 million Union Pacific financing plan
New York May 13 Union Pacific directors met and E H Harriman faced queries on issuing part of the $100 million authorized bonds. He said the company does not need money and questioned the significance of the $25,000,000 figure, noting the timing of offering will depend on market conditions while the usual dividend is maintained.
MENTIONED IN THIS ARTICLE
Marker Sang
Hk Island
Reys
New York
Union Pacific
Harriman
Rival rail interests vie for Georges Creek line control
Special reports a bidding battle among the May 18 rivals, led by the Vanderbilt and Pennsylvania interests against the Goulds, to acquire control of the Georges Creek and Cumberland Railroad via the Mercantile Trust sale. Wabash access to the Atlantic seaboard hinges on winning the stock, with New York negotiations underway.
MENTIONED IN THIS ARTICLE
Washington Post
China
Vanderbil
Gould
Horm
Contro
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Cumberland
Mercantile Truat Company of
New York
Col J . Shoonmaker
Baltimore and Ohio
Penns
Ivania
Cumberland Bay
Pittsburg
Atlantic Seaboard
Mercantile Trust Company
Waryland Rai Toroad
Cusiberlind
Georges Creek and
Cumberland Railroad
Vanderbilts Pennsylvania
Baltimore and Onty
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