Wells Fargo's Dividend Boost and Copper Merger Rumors
In early trading on the New York Stock Exchange, Wells Fargo's dividend news and copper merger chatter drove mixed moves. Amalgamated Copper and other miners advanced while blue chips lagged, with rumors of a major merger fueling general market optimism in a volatile session.
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Tha Washelon Post
New York War
Stock Exchange
Union
Blales Steel
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Cyetraverdis Cailivans
Abian
Wheat market rally and mixed grains trading in Chicago
Chicago grain desks report a Sharp rally in wheat amid news clutter while receipts and expenditures data are released. Trading during the day showed gains for some contracts and losses for others as buyers and sellers force balance in a quiet session.
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Flaol Nytras
New York Cotton Market Shows Sharp Decline Then Steady Close
The New York cotton market opened with gains but quickly fell, finishing with a net decline of 1 1/7 points and a late steady tone. New Orleans bulls supported the long side while selling pressure and rumors limited gains. Ark revision committee and crop hopes influenced sentiment.
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Wheat and corn futures firm amid light market activity
December prices closed higher for wheat with favorable crop news but light receipts, while May futures rose. Corn receipts steady with no major transactions. oats and barley steady. Cotton and calf markets show mixed but firm demand. government and railroad bonds steady as cattle and beef futures edge higher.
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Wall Street Gossip on Wells Fargo and Telegraph News
Special cable reports Wells Fargo dividends and rights tradings after announcements. It notes a cash dividend of 100 percent plus stock rights, the stock price spike, and compares express company dividends dating back to 1842. It also covers Western Union Telegraph and Mackay interests and Gould holdings affecting control and financing.
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Missouri Pacific
New York Stock Market Report for November 18 2005
The New York Stock Market on Thursday November 18 2005 opened with mixed moves as investors weighed energy and financials. Major averages traded unevenly amid corporate earnings news and sector rotation in a cautious session.
Washington Stock Exchange Quotations and Listings
Quotations furnished by Thonza L. Jume of the Washington Stock Exchange show closing, bids and asks for rails, utilities, and industrials. The page lists prices for Amalgamated Copper, American Sugar, New York Central, Reading, Southern Railway, and numerous others, with bond and commodity notes and a market summary.
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Seaboard Earnings Rise as Receivers Report Start of November
The Seaboard Air Line receivers report first week of November revenue up nearly 18 percent from a year earlier. From July to November gross revenues rise about 13 percent, including Avants and Birmingham Division after their merger on November 2. A separate note from New York states a reorganization committee has not named officers and denied A J Davidson’s appointment to head the Seaboard.
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Copper deal close secret in steel merger talks
New York reports indicate a large scale copper company consolidation is under way in the United States with a merger unlikely to finalize for weeks. Boston sources cite a capital range between 700000 and 3800000000 dollars and a securities exchange plan for steel in the deal. Only five men know the proposal including John D. Ryan Thomas Cole Dan Guggenheim George W. Perkins and W. F. Corey of United States Steel Corp.
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United States Steel Corporation
Wells Fargo Mellon Cut Major Capital Stock Increase Plan
Wells Fargo & Co announced a capital stock increase from 8,000,000 to 4,006,000 with a new issue of shares to stockholders. A cash dividend of 800 per share is declared and paid from accumulated surplus. Old stockholders receive two new shares at par for each one held, plus 100 in cash. The plan awaits stockholder approval at the December meeting.
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New York Produce Market Report Highlights Steady Prices
New York market notes for November show mixed to steady receipts across commodities. Chickens and turkeys hold firm, flour and hay remain steady, lard unsettled, and petroleum rosin sugar and molasses show quiet but stable activity. overall trading pace subdued with modest demand.
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New Fork Market Report Mixed Prices on Metals
The market for standard metals and alloys in New York remained mostly steady with spot copper at 13 624, gold futures at 090, and copper drifting near 13 60. London tin steadied with close attention to spot months, while lead and zinc showed quiet activity and Cleveland foundry warrants held firm. notes of varying prices across markets indicate subdued trading across exchanges.
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Livestock Receipts and Prices Reported for Sheep Hogs and Pigs
Receipts show 22,000 head of sheep with steady market, 3,461 head lambs and 7.79 per head, hog receipts around 9,065 head with prices near 5.60 to 6.60, and pig totals about 14,000 head. Calves and stockers noted with varied prices. cattle listings include steers and heifers with mixed tendencies.
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