Late Rally in Prices Lets Copper Shares Fall
World Money Market shows signs of easing tension as copper mining stocks retreat after a merger talk. Wabash and Reading gains spark interest while Central Railroad of New Jersey surges on dividend hopes. sterling and money markets display volatility.
MENTIONED IN THIS ARTICLE
Central Railroad of
New Jersey
Reading
Wall Street Gossipy Report on Copper Merger Plans
New York trading opens with liquidation and short selling tied to Standard Oil decision. Amalgamated Copper leads losses then halves its decline as investors bet merger plans endure in a modified form. Markets show mixed moves in rails and industrials amid dividend boosts and merger hopes before closing narrowly mixed.
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Spreil
Washlngton Post
New York
Standard Oil
Iself
Wall Street
Operal
Washington Post
Amalgamated
Gret
Gresser Eggracalveness
Mey
Wales
Liverpool
New York Stock Market and Commodities Report
Wholesale price quotations from the Washington Stock Exchange cover eggs butter cheese and live poultry. Prices shown include Virginia Tennessee North Carolina and other regional terms with fluctuating figures for creamery butter cheese and various poultry categories.
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Virginia
West Virginis
Tennesse
North Caroline
Tency
New York State
Larsy New
New York and Chicago Cotton and Grain Markets Mixed
The New York cotton market showed heavy activity with rumors and volatile moves as traders weighed copper and wheat prospects. Prices closed near the day's lows with December and other months showing declines, while wheat and corn futures softened late after early strength.
Daily Cotton Market Shows Flat Prices and Market Tone
New York notices a mixed session with a large cotton receipts total of 306000 bales and No 9 spot prices around 2.27. Reports discuss December futures liquidation, export loads, and a general quiet mood across ports including Boston Philadelphia and Cincinnati with prices listed and banks managing reserves and currency notes.
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All Parte
Peabody on Erie Board and Franchise Moves
New York November 2 Charles D Peabody elected director to replace the late E H Harriman. R L Lovett named to the Erie Railroad executive committee vacancy. John Stuart promoted to vice president in charge of opening maintenance and mechanicals. Reelect present executive officers. Peabody also named director of New York Susquehanna and Western Railroad. An executive committee including Peabody Underwood Ream Loree McCullough and Richardson was appointed.
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Harriman
Lovett
New York
Charles’ A. Peabody
E. H Harriman
R. & Lovett
Union Pacific Railway
Erie Raf
John ©. Stuart
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New York, Susquehanna and Western Restroad
Underwood
Normanb. Ream
L. F. Loree
J. G. McCullough
A Richardson
Chicago Board of Trade Vetoed Plan for Settlement Through Committees
Chicago board of trade defeated the anticorner amendment by 400 to 389. The plan would have allowed committees to set final delivery values during squeezes and form settlements, with an expulsion clause for unjust deals. Trading list items from Newark show mixed activity in creamery products, poultry, flour, hides, meats, cottonseed oil, petroleum, molasses, sugar, and related commodities.
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Chicago Board of Trade
Chicago
Board of Trade
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Creamery
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Atve
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Middle West
Andment
Moluseca Suman
Bagea
Cordova
Live Stock Markets Reported Sluggish in New York and West
Live cattle offerings show little activity with prices diluted and barely steady. Western calves and dressed veals steady to firm. sheep and lambs receipts listed, with packers and bulk sales noted amid modest demand.
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New York
Metal Market Wraps Mixed as Copper and Lead Edge Down
New York traders report a weak market across metals with copper and lead sliding while zinc and tin show limited gains. Spot copper closes near 1.1663 to 1.40, futures easing. London and New York spot levels vary as market sentiment remains cautious amid production and demand signals.
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Tom
Lradan
Gontiment
Tia Wes Werk
Heddon Marist
Ausy
Wits
Fuluneert Dat
St. Louis
London Packetees
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Es Speier
Louis
New York Money Market and Railroad Stock Developments
New York money market reports call for 4 percent reference rates with bids and offers near 4 percent while Sterling remains strong in active bankers’ exchanges. The Albany public service commission approves up to 44,058 thousand dollars additional capital stock for the New York Central and Hudson River Railroad, with proceeds to discharge 3 percent gold notes maturing in 1910 and fund property acquisitions and improvements. Separately, the Central Railroad of New Jersey declares a special 1.5 percent dividend after an initial 0.5 percent payout from its Lehigh and Wilkesbarre Coal Company stake, signaling favorable news for shareholders.
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Timi Ioana
Sterling Exchange
Washington
Albany
N. Y
New York Central and
Hudson River Railroad
Public Service
Central Railroad of New Jersey
Lehigh and Wilkesbarre Coal Company
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