Up on slow trading more gold from England
London cheerful amid firmer discount rates as gold exports to the U S surface in reports. In New York the market shows little excitement with professional traders dominant and some blue chip advances led by industrials. The article analyzes a large shift in banks reported cash and two main theories to account for a sudden cash gain amid fears of a reserve imbalance.
MENTIONED IN THIS ARTICLE
London
Washington Post
New York
Stock Exchange
Conservatioe
Rational Bank Act
United States
Wall Street Gossip Sees Bullish Hints Amid Rail Stock Talk
The Washington P. reports on brisk activity in American Cotton Oil and related shares. Rumors swirl about Thomas W. Lawson and a possible bold pronouncement while investors await readings on rail and industrial stocks, with notes on Consolidated Gas and Rock Island expansion plans and cautious sentiment among bears.
Washington stocks and bonds quoted by Hibbs & Co
Daily quotations from the Washington Stock Exchange listing numerous railroad, utility, and industrial issues with bid and ask levels. Notable names include Missouri Pacific, Union Trust, National Metropolitan, Potomac Insurance, Washington Railway and Electric, Reading, Norfolk and Western, and Southern Pacific among others.
MENTIONED IN THIS ARTICLE
Consolidated Gan Ger
Denver
Rio G
Minn
St. Lawry
F and & Ste. M. 1A
Ao Co
Missouri Pacific
Kansas
Texas
Kans
Tex
Penne Dalede
Bi Mt
Greene Copper
Washington Railway and Electric 4S
Washington Railway and Electric Preferred
Washington Railway and Electric Common
National Biscuit National Lead
Nat. R. R
Mexico
New York Central
Nyc
Ontario
Norfolk and Western
Pacific Mall
Pennsylvania
Pressed Steel
Souther Pacific
Southern Pacific Southern Railway
Southern Railway
Tennessee Coal and Tho
Texico and Pacific
Toledo
Union Pacific
United States
Ateel Pid
Carolina Chemical
Carolina Chem. Pfd
Wabash
Wabash Pia - Wella-Fargo Bixprecs
Westinghouse Hilectric
Western Union
Wheeling and Lake
Wisconsin Central
W. G. Hibbs & Co
Bankers and Brokers
Mis F Street
New York Stock H Exchange
Chicago Board of Trade
Washington Stock Exchange
New York Bond Market and Money Rates Oct 2 1906
New York reports a wide range of corporate and railroad bonds with varied yields. American Tobacco and Atchison issues show diverse certificates and 4s. Money on call stands firm at 5 to 6 percent with bills for 60 and 90 days. Closing stock quotes list district bonds, railroads, and assorted financials, with numerous banks and trust stocks shown.
MENTIONED IN THIS ARTICLE
New York
Esley Adams Express
Amalgamated Copper
Car and Foundry
Ate Am
Car and Foundry Ptd
American Tee Securities
Cy America
American Sugar Refining
Pid Certit
Ateoonda Mining Co
Atchison Ea Aa
Atchison
Atlantis Coast Line
Baltimore and Ohio
Brooklyn Rapid Transit
Canadian Pacific
Central Leather
Central
New Jérsey
Esartake
Ohid
Chicago
Alton
Chisego and Alton
Galeago Great Western RO
Northwestern
Mit
St. P
Chicago T
T. Pfda
Louis
Colorado
Treu
Colorado and Southern
Colo
Southwest
Aay Cole
South'n 2d
EwePpa Prrfrchiye
Cad
Tima Toana
Aixty
Prime Mercantile
Erling Exchange
Tary
Live Stock Markets and Government Receipts Report
New York quotation lists cattle and hog receipts with price ranges and changes. Cattle and veal markets show steadier to lower quotes. sheep and lambs mixed with softer lambs. Chicago totals indicate steady to higher cattle and hogs with varied weights. Government receipts include internal revenue and customs. expenditures noted. Catarrh cure testimonial observed with sales listing for Agnew’s Catarrh Powder.
MENTIONED IN THIS ARTICLE
New York
Breves
Udverpool
London
Cables
Canada
State
Pennsylvania
Chicago
Qet
Railway and Safe Deposit Stocks Dominate Local Trade
Dealings on the Stock Exchange featured Goa and Washington Railway preferred, with National Safe Deposit showing peculiar activity. Gas rose earlier but fell back, Washington Railway common gained size while closing near three weeks low, and bonds plus banks drew demand as Capital Traction and Metropolitan Citizens notes traded vigorously.
MENTIONED IN THIS ARTICLE
Washington Railway and Electric da
Capital Traction
Washington Railway and Electric Common
National Safe Deposit
Loz
Stock Exchange
Goa
Washington Railway
Washington Railway Common
Baltimore Markets and Cotton Market Summary
Baltimore markets report steady grain prices with mixed futures for flour wheat corn oats and other commodities. Cotton market opened firm then fell under bear pressure with a late recovery amid anticipated crop reports and bearish expectations.
Gold shipments linked to India currency reserve report
London reports a shipment of gold from India on September 28 with a portion to be landed in Egypt and held by the Bank of England for the Indian state secretary in connection with the paper currency reserve. New York confirms National City Bank engagement to import gold.
MENTIONED IN THIS ARTICLE
London
India
Egypt
Bank of England
New York
National City Bank
Decrease in Public Debt and Fiscal Surplus Details
Monthly public debt statement shows a September 30 1905 total debt of 996,578,008 with a $3,946,588 monthly decrease due to cash on hand. Cash in Treasury totals 1,885,872,058, with demand liabilities of 1,098,848,365 and a cash balance of 286,823,692. Government receipts in September 1906 were 50,251,159 and expenditures 41,309,678, yielding a 9,941,000 surplus for the month and a 9,674,000 three month deficit. Gas tax receipts rose to 27,244,147. internal revenue 20,797,630. miscellaneous 2,208,231. National bank note circulation at September 30 1905 stood at 61,362,240, with a bond-backed circulation of 461,688,526.
MENTIONED IN THIS ARTICLE
Treasury
Philippine Islands
Gastoma
Comptroller of the Currency
National Bank
United States
Abetoi
New York Produce Market Report October Prices and Grades
Prices and receipts for butter cheese eggs poultry flour and grains from New York markets. Details include butter creams, cheese varieties, egg grades, poultry prices for live and dressed stock, flour, cornmeal, hay, hogs and cattle, oils, sugars, coffee, and metallics with national and London market comparisons.
Chicago Grain Market Report Sees Wheat Rally on Large Scale Buying
Chicago prices rose as large scale buying pushed wheat higher amid bullish trading. December delivery climbed to 84% with strong closing. corn showed modest declines while oats moved irregularly. Receipts from Minneapolis and Duluth remained ample and global shipments were large, boosting bullish sentiment despite bearish regional factors.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
I Street
New York Stock Exchange
Washington Stock Exchange
Chicago Board of Trade
Liverpool
Chicago
Minneapolis
Duluth
Nevarthe
Carn
Endy
Las
Market Report Shows Mixed Grain and Provisions Moves
Provisions were steady or improved with lard and flour prices noted. Lard rose slightly while other items varied. late morning quotes show wheat at 126, oats at 387, and hogs receipts for tomorrow around 20,000. Prices and percentages appear in scattered figures amid a busy commodities session.
MENTIONED IN THIS ARTICLE
Ted Raga
Cates
New York Grain Reviews Mixed Market Movements
New York grain markets report rye steady but broad movement across cereals. Wheat: spot and futures firming after early weakness. May futures around 89 percent, December up to 884 893-16, with oscillations from shipments and receipts. Corn: receipts 146,950 bushels, futures firmer then lower. May 48% 48, December 61%. Oats: receipts 285,000 bushels, spot oats mixed with price ranges from 26 to 40 pounds, several white oat grades listed.
MENTIONED IN THIS ARTICLE
Baltimore
Liverpool
Cork
de Creamery
de Indie
New York
Buffalo
O. B
Duluth
Manitoba
Cassatt Named President of Cumberland Valley Railroad
At the Cumberland Valley Railroad Company annual meeting in Harrisburg on October 2, A. J. Cassatt of the Pennsylvania Railroad was unanimously elected president to succeed the late Thomas Kennedy. Directors elected include John P. Green Kenn i Stewart Charles E. Pugh Nat Shortridge Edward W. Mealey and John B. Thayer. General Manager M. C. Kennedy continues in charge after serving as acting president since his father's death.
MENTIONED IN THIS ARTICLE
A. J. Cagsatt
T. B. Kennedy
Harrisburg
Cumberland Valley Railroad Company
A. J. Cragett
Pennsylvania Railroad Company
Thomas &. Kennely
A. J. Cassatt
John P. Green
Kenni Stewart
Charles E
Census Bulletin Details Cotton Ginned Through September
The Census Bureau reports 2 858 031 bales of cotton ginned from 1905 growth up to September 25. Figures come from telegraphic reports by special agents surveying ginneries across states and territories, with round bases counted as two halves of a square base, listing state totals such as Alabama Arkansas Missouri North Carolina Texas and Virginia.
MENTIONED IN THIS ARTICLE
Census Bureau
Alabama
Missouri
Arkansas
North Carolina
Florida
Tennessee
Texas
Virginia
Corn High in Mexico May Prompt Duty Abatement
Mexico City reports finance officials probe corn price hikes harming the poor. While wheat's short crop drives corn gains, speculation is blamed. If high corn prices persist, duties on American corn may be reduced to ease consumer costs and permit heavy imports.
MENTIONED IN THIS ARTICLE
Mexico City
Department of Finance
Railway ticket printer and the Italian inventor
Italian Count Pisgicelli of Naples demonstrated a tesserografo device to print and verify railway tickets. The machine uses station levers, a moving disc display, and colored cards to issue first, second, and third class tickets, single or return, with fraud prevention features. Separate discs show cash and total taken. Also reports a new Cudahy Pipe Line project from Independence Kansas, a 665 mile pipeline from Bartlesville to St. and a 26,000 barrel refinery planned at an already purchased site.
MENTIONED IN THIS ARTICLE
London Times
Bedford
Independence
Kans
Cudahy
Cherokee Nation
Bartlesvile
S. 3
Bankruptcy Order Refused for Neafie and Levy Petition
United States District Court dismissed the petition of creditors seeking bankruptcy for Neafie & Levy Ship and Engine Building Company of Philadelphia. The firm, in receivership, continues work on the protected cruiser St. Nui as the case proceeds.
MENTIONED IN THIS ARTICLE
Philadelphia
United States District Court
Neafie & Levy Ship and Engine Building Company
United States
St. Nui
Also Mentioned on This Page
Street
England
Louisville and Nashville
Sloss
Sheffield
American Woolen, Distillers
American Linseed Oil
Union Bag and Paper
Tennessee Coal and Iron
Consolidated Gas
Chicago Union Traction
Wall Street
Southern Pacific
New York Stock Market
Washington P
Stess Springs
Strest
Thomas W. Lawson
James R. Keene
GB. R. T
Walsues
Tts
Cape Town
Tammany
Ita Jeanings
Standard Oil
Broadway
Rock Island
Hock Island
Bart
U. B
U. S. Fe
U. A
American Tobacco
Atchison General
Atchison Adjantment
Atlantic Cuant Line
É. Gentral of Georgia
Central of Georgia
A Central of Georgia 2d Inc
Chicago and Alton
Aesamacecens Bbr
Chicago, Burlington and Quincy
New
Chicago, R. J. and
Pacfic Railroad
R. I. and Pacific Railroad
Col
St. Louis
Colorado Ind
Jnd
Colorado Midland
Distillers’ Securities Se
Erie
Iria General
Fort Worth
Japan
Seenyeee
Louisville
Nashville
Manhattan
Consol Gold
Minneapolis and
St. Louia
Alisequil
Kangan
National Railroad of Mexico
Consal
New York Central General
New Jersey Central General
Northern Pacific
Oregon Short Line
Reading General
St. Louis and Iron
Cal St. Louis
San Francisco
Louis Southwestern Con
Seaboard Air Line
United States Steel 2d
Wabash Inte
Wabash Debenture
Western Maryland
Wheeling and Lake Erie
National
District of Columbia
Philippine Land Purchase da
Capital
Traction Railroad
Metropolitan Railroad
Columbia Railroga
City and Suburban Railroad
Fse
Anacostia and Potomac Bo
Washington Railway and Electric
Bristol Gas and Filectric
Washington Gas Company
Washington Gas Company És
United States Electric Light
United Statea Wiestria Light
Chesapeake and Potomac Tealephone
Washington Market Company Int Gx
Potomac Histric Light
Norfolk and
Washington
Base Deposit
National Bata Deposit End Trust
Washington Loan End Trust
American Security and Trust
Washington Base Deposit
Union Trust Company
Washington Bavings Bank
Home Bavings Bank
Union Bavings Bank
Railroad
The
Bristol Gas and Electric
National Bank stote—Commmercial
Bank of Washington
Metropolitan Citizens
Farmers and Mechanics
Columbia
Cepitel
American
Traders
Lincoln
Riggs
Franklin
Metropolitan
Corcoran
Potomac
Arington
National Union
People’s
Comercial
Colonial
Title
Henal Batata
Coumbia
Chesapeake and Potomac
Washington Gas
Georgetown
Morgenthaler Linotype
Lanston Monotype
Greens Consolidated Copper
Washington Merket
Washington Steamboat
Realty Approvaal and Agency Company
George James
Scranton
Agnew
Stone & Pools
Ave
Aye
Local Financial
Exchange
Washington Railway Preferred
Central Bank
Union
Mergenthaler
Lanston
Graphophone
York
F Street
Baily
Brock
Galveston
New Orleans
Ial
Aebraan
Mobile
Savannah
Charleston
Wilmington
Quiet Am
Norfolk
Tulapt
Boston
Augusta
Loula
Laulaville
Great Brittain
France
Continent
Ato
OBE
Great Britain
Net
Loo
Fc Arain
Jersey
Jerney
Southern
Bacy
Apelter
Bos
Standard Foundry
Bia
Middlesboro
Foundry Northern
Foundry Southern
Southern Soft
NEW York Grain
Valley Electio
F. H. Smith Co
Fleal Estate
Y. Ave
Bond
Trust CO
Mergenthaler, Lanston
Ibbs & CO
Ork Stock Exchange
R’y, Ptd
R’y, Com
N. & W. Steamboat, &E
Fenancial
National Safe Deposit Savings& Trust Co
Ifth
New York Ave
Riggs Ink
PA. Ave
U. &. Treasury
Washington Loan & Trust Co
Offich Cor
9Th
F Sts
Acta
Yalu
M.a.phillips, Jr
Colorado Building
Allante
Poli Cion
Swartzell, Rheem & Hensey Co
Warner Building
Arthur Wall
Traning
Lynn, Wall & Co
Northwest
Wade & Hedges
M. J. Sage & CO
Warder Building, Cor. Ltd
Chesley & Spence ‘Tre
Union Savings Bank, Bond
14Th & N.Y. Ave
Columpise
Heiskell & McLeran
F ‘Street
N. W
U. S
Ravelers
American Express Company
Traders National Bank
GHO
Washington Savings Bank
Commercial Bank
Joan
Warddr
Potomac Guarantee Loan CO
Atlantic Peas
Rooma
Ellevator
Capital Loan Co
National Loan and Investment Co
15Th
Sts
U. S. Treasury
Cone
Metropolitan Loan & Trust Co
BE Street
Mutual Loan and Trust Go
E St. N. W
Bennerly Soates
Brestean
F St
Ae Ri
Regulatargest
Newspap
Gar