Market Rally Amid Foreign Exchange Turbulence and War News
Wall Street opened with mixed reactions as British, French and Italian exchange quotes slid to new lows before a late rebound. Reports of Germany softening its submarine warfare stance spurred a midday uptick, with rail shares gaining on favorable earnings comments and war order speculation. Bond sales remained heavy abroad and overall volume totaled $3,755,000 with U S bonds steady on call.
MENTIONED IN THIS ARTICLE
New York
Germany
London
Eer
General Motors
Willye-Overland
Crucible Steel
Studebaker
United States Steel
United States
New York Bond Market Summary Sept 1 Prices Listed
New York bond market report shows varied listings across firms and industries. Notable items include American Cotton Oil 93, American Tobacco 68, Armour & Co 91, Atchison 4890, Baltimore & Ohio 48, Central Leather 5s, Chesapeake & Ohio 4%, Chicago Great Western 4s, Interborough Rapid Transit 58, New York Central deb 6s, Northern Pacific 49, Reading gen 48, Southern Pacific ref 4s, Texas Company 6s, Union Pacific, U S Steel 58, Westinghouse Electric bid.
MENTIONED IN THIS ARTICLE
New York
Amatican Agricultural
Armour & Uo
Atchison Gen
Atchison
AQ Coast Ling Consolidated
Haltimore & Ohio
Haltimore & Ohio cv
Hethighem Steel
Brooklyn Transit
Georgia Consolidated
Central Leather
Chesapeake & Ohio
Chesapeake & Ohio cv
Chicago, Burl & Quincy Joint
Chicago Burl & Quincy
Chicago Great Western
Chi Mil & St
Chi Mi & St P Gan. A
Chi Rot & Pac Ry
Chicago & Northwestern
Wotorade & Southern Rat
Consolidated Gas Co
Denver & Rio Grande
Distillers’ Securities
Erle Iy
Erlegen
Era ” General Electriq
Ereat Northern 1St
Villnois Central
Inspiration Copper cv
Interborough Rapid Transit
Interborough Met
Kansas
Southern
Lake Shore
Mignett & Myers
Lorillard
Toulsville & Nashville
Missouri, Kansas & Texas
Missouri Pacific cv Se
New York Ventres
Imp. Ie
New York Central
New York City
New York State
New York Railways
Adj
VA &H Ev
Norfolk & Western cv
Northern Pacific
Oregon Short Line
Ray Consolidated
Republile Steel
St Louis
Insurance Firms Willing to Invest in U S Bonds in 1908
New York reports that major American insurance companies would consider buying government bonds if Congress authorizes a new issue, potentially up to 500 million dollars, to fund emergencies arising from international volatility. Banks and investors see scarce markets for Spanish War bonds, with U S Treasury using a direct subscription path to subscribers.
MENTIONED IN THIS ARTICLE
New York
United States
Congress
Insurance Companies
U. S
Loone-Wiles
Loone-W
Maxwell M. Co
Max. M
Max. M. 2d
Y S
Miss Copper
Montana Power
Nat
Biscuit
Eurance Companies
Cloak & S
Savinga Sae
Mavinga
Cantral
Tressury
Nor
North Pacific
Macife
Pac. Tel
Penn. R. R
Treas- Looi Pr
St. Car Pfa
Ury
N. J
Frank A. van
Ry. Steel Sp
Devlip
Ray Con
Treasury
Treasury Department
Rep. Land
Honda
Rock
Studebaker
Studeb'r Ptd
Tern. Copper
Fox. & Pac
Texas Co
Third Avenue
Twin CR
soplUn
Union Pac.s
U. Pac. Pfd
C. P
S. Rubber
U. S. Steel Pro
Utah Copper
Willys-Overl
Secretary of the Treasury
Vanderlip
McAdoo
Copper market notes and prices in New York and London
Copper market news reports quiet trading in electrolytic copper at 13.09 in New York. London spot copper bids around £7 15s, with futures and North American copper grades listed. Prices show firm sentiment across several No. 1 Northern, No. 2, No. 7 Southern and other categories with varying bids.
MENTIONED IN THIS ARTICLE
New York
Londo
IHON
Northern
Southern
Chicago Wheat and grain markets shift after delivery fears
Chicago wheat closed strong amid a buying spree as September delivery was not taken for the first time, with options mixed and corn oats and provisions slipping. New York spot prices and futures showed mixed signals across wheat corn oats and cottonseed oil while market commentary discussed federal bond issuance and McAdoo’s potential actions to buoy cotton growers. The piece also reports on hogs cattle and sheep receipts and prices in Chicago and New York markets.
MENTIONED IN THIS ARTICLE
Chicago
Shorts
Local Stock Exchange Reports Mixed Bond and Equity Bets
Regular call at noon shows Washington Gates at 105 and 195 with $1,000 bids, Washington Railway and Electric bids to 134 for $4,000, Capital Traction notes at 87 and 88, and several utilities and railroad issues listed. Commodities include poultry prices, cheeses, butter, eggs, vegetables, and green fruits with varied regional quotes.
MENTIONED IN THIS ARTICLE
Washington Gates
Washington Railway and Electric 4A
Capital Traction
Washington Gate
Hanston
Rev
Elec
Georgetown Gas
Rev. Pd
Rwy. Com
Washington Gas
Washington Utilities Co
Mergenthaler
Lanston
Continental Trust
Wash, & Southern Bank
Munsey ‘Trust
N. & W. Steamboat
Wash, Exchange Bank
Farmers & Mechanics Bank
Washington Baseball Club
Gayety Theater
Miller Train Control
Grapho Com
New York Money Market Report
Mercantile paper 3 percent. Sterling 60 day bills 4.50. Demand 4.64, cables 4.655. Francs demand 6.02, cables 6.01. Marks demand 80 percent, cables 80. Lives demand 6.59, cables 6.57. Rubles demand 34, cables 83 44. Government bonds steady. Railroad bonds heavy. Loans steady, call money steady high 2.11 percent, ruling rate 1 percent. Last loan bid 2 percent offered at 2.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
Haliroad
Treasury report shows year end deficits and asset totals
United States Treasury data for August 30 1915 records net general fund balance of 53 258536 with receipts 2596672 57 and ordinary disbursements 63 00. It lists total assets in the general fund at 247 691 523 31 and liabilities subtracted yielding 55 355 444 14. Permanent notes include gold and silver holdings and bank certificates with various totals.
MENTIONED IN THIS ARTICLE
United States
Treasury
General Fund
Federal Reserve Notes
Banka
National Bank
Wall Street Gains in July Rail Stocks and August Turnover Rise
New York reports strong July earnings for Union Pacific Southern Pacific and Atchison with Erté Pennsylvania New York Central showing large gains. Wall Street sees renewed railroad stock interest amid favorable earnings foreign exchange shifts and high August turnover totaling over 20 million shares with bond sales exceeding 73 million.
MENTIONED IN THIS ARTICLE
New York
Union
Southern Pacific
Atchison
Erté
Pennsylvania
New York Central
Wall Street
Financial and business notes from Washington market report
Trading on the Washington market showed improvement with 121 shares and $5,300 in bonds changing hands. Lanston Monotype dominated activity, supporting prices while Mergenthaler and Washington Gas showed weakness. Graphophone stock rose, with 31 bid for common and 80 for preferred, and limited market for sale.
MENTIONED IN THIS ARTICLE
Trenesctions
Thy
Washington
Heavious Anya
Onda
Lanaton Monotype
Weoley
Poe
Mergenthaler
Ilng Weke
Washington Gas
Russia demands cotton as war strains loom
Russia will seek a fair share of the current American cotton crop, according to Commerce Department attache Baker in Petrograd. He cites 9 million spindles in Russia with 7.5 million outside the war zone, workers on two nine hour shifts consuming 108 pounds annually each, up from 72 pounds prewar. A Moscow report predicts Russia will import a fair line of cotton from the United States to arrive in the coming months.
MENTIONED IN THIS ARTICLE
Rusman Spinning Mille O
Department of Commerce
Baker
Petrograd
Russia
Moscow
United State
New York Cotton Market Moves Amid Sharp Early Advance
In New York on September 1 the cotton market spiked early with January deliveries at 16.42 but heavy selling pushed prices back, closing steady with a net decline of 10 to 15 points. Futures show October at 9.98 to 9.71, December near 10.03 to 10.08, January around 10.42 to 10.20, with March near 10.70 and 10.68 for nearby/spot.
MENTIONED IN THIS ARTICLE
New York
New York Produce Prices Reported for Sept 1
New York price notes show butter from Fecaipta at 13 439 pounds and extras 92 scores 26 percent. Creamery items list firsts 24 26 percent, seconds 1, eggs and poultry details mix fresh and frozen goods with varied percentages. Sugar and pork markets show refined sugar quiet at 4.77, pork ranges 1.50 to 22.00, beer and lard steady with midwest lard at 8.15 to 8.25.
MENTIONED IN THIS ARTICLE
New York State
Virginia
Western
New York
Florida
Fecaipta
Hennery
Mena
Middle West
Commodity Rubric From Philadelphia Market Report
Philadelphia market notes September 1 show butter steady, eggs firm, cheese higher. No. 2 red and related grain prices mixed with slight gains in New York dairy quotes. oats lower and white corn not quoted. Nova white price sections unclear due to damaged OCR.
MENTIONED IN THIS ARTICLE
Philadelphia
New York
World grain crop gain boosts postwar supply
The International Institute of Agriculture estimates 1915 grain production outside the war zone rose 20 percent. Wheat total reaches 7.708 billion bushels, rye 1.063 billion, barley 1.016 billion, oats 1.726 billion, with gains of 20.3, 18.7, 17.8, and 23.1 percent respectively across Denmark, Netherlands, Roumania, Canada, India, Japan, Spain, Ireland, England, Scotland, Italy, European Russia, Switzerland, Tunis and the United States.
MENTIONED IN THIS ARTICLE
International Institute of Agriculture
Eaum
Denmark
Netherlands
Roumania
Canada
India
Japan
Spain
Ireland
England
Scotland
Italy
European
Russia
Switzerland
Tunis
United States
Gold Imports and Exports Report Shows Small Gold Flows
The Twenty Day period report notes gold imports totaling 37 607 000 with exports only 1 578 000. The document lists dogs cats birds and a sale of a full-blooded French dog as part of the period. The largest shipment was 21 016 000 from England to strengthen credit in the United States, with pigeons and other items mentioned in fragmentary form.
MENTIONED IN THIS ARTICLE
United States
St. Ade
Greely Ave
Change in Wheat Figures May Alter Harvest Forecast
Wet weather delayed harvests across eleven states raising questions about the government's early forecast for winter wheat production. The August 9 estimate stood at 659 million bushels, with a September report due next Wednesday likely to include a revised preliminary figure. Credit balances and related figures from O City, Pa, are noted, but details are incomplete due to damaged text.
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Baltimore Securities
Baltimore
Consolidated Power
Consolidated Coal
Mounton Omtc
United Rus
Vo Mac Se
Ret. Co. Lst
Rousy & EB Co
City & Sub. (Wash
Panama
NEW York Stock Market
Holland
Gould
Wau
Lawce
Alaska Gold Mbauks
Allis-Chalmers
Allis
Chal. Ps
Am. Ag. Cham
Amer. Can
Car & F
Am. Coal Pr. Bf
Cotton OH
Amu
Amer. Ice Fec
Amer. Linseed
Am. Linseed Pf
Amer. Loco
Amer
Am. Steel
Amer. Sugar
Amer. T. & T
Amer, Wooten
Anaconda
Atchison Pt
Balawin Loco
Bald. Loco, Pt
Batopilas Mi
Bath Bteel
Brooklyn FB
BRK
Brown Shoe
Butte & Sup
BEM
Gane, J. L Pt
Leath, Pt
Ch. & NW
China Con. Cop
Colo. B & E
Comstock Tun
Lic
Contin
Crucible St
Cuba-Am
Del
VT Sty
Dist. Securities
Bay
Erie
Erie Ist
Gen. Electric
Gen. Motors
Goodrich
Great North
Gt. N. Ore
Guggen
Clinois Central
Inter. Agricul
Int. Agricul
Inter. Met
Inep. Copper
Inter. Con
Inter. Con. Pi
Har. Corp
Inter. Paper
Inter. Paper Pf
K. C. Southern
K. C South
Lack, Steel
Lehigh Valley
Lig. & Myers
Long Island
Ares
Curb Market
Boston
Alaska
Juneau
Du Pont_Powde
Emerson B
Goldfield Flor
Goldfield
Haze
Havana Tobacco
Havana
R. J
Ind
Nema - BO
N.Y
Ohio
United Profit Sharing
Yukon Gold
Alaska Gold
Allones Mining
Consolium
East Butte Mining
Granby
Wathe
Greens-Cananea
Lake
Miami Mining
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N.Y. N. BL
North Butte Mining
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Shannon Mining
Vase Sea
United Shoe Mach’y
Utah Con
Sane
Utah Copper Mining
Winona Mining
Wolverine Mining
Eee
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NEW York Grain
Duluth
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Buffalo
Great Britain
Federal Treasury
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South
Mandel
Banda
Enis
Logal Stock Exchange
GAB
Geotown Gas
Georgetown
Columbia Gas & Bloc
Capital Traction Co
City & Sub
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Wash, Ry. & Wlee
Mfg
Mit
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Riggs Realty
Capital
Traction Co
Wash, Ry & Elec. Com
Wash, Ry & Hlec, Pf
Washington Gna
Amer. Tel, & Tel, Co
Mergenthaler Linotype
Greene-Cananea Copper
American
Columbia
Tenas Commercial
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Incom
Riggs
Union Trust Co
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Corcoran
Bliemen's German-American National Union
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Journal of Commerge
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Washington Railway & Electric
Letters OF
The
Riggs National Bank
Penn. Ave
U. &. Treasury
Wah
Weeshington Gas
Graphophone
Graphophone Ptd
Thomas L. Hume
G Street
Tel
Wos
National Savings and Trust Company
15Th and
N. Y. Ave
District of Columbia
Swartzell, Rheem & Hensey Co
Fifteenth Street N. W
Srtmeen
Sosa
Getober
Mount Pleasant
Clarendos
Vaarr Toms
Windsor
Apt
Alamo
13Th
Harvard Sts
Barney Nentral
7Th St
Mason
Rooma, Lb. &. North
Boom and Beard
Mra Blancord
Delvery
Northwest Section
Earhngton
Histon
18Th
Capitol
Biss
H Muller
New Fork
Warrhonke
Khieg's Express
Grand Central Depot
Moriarty
Amberger
Rosd
D.C
Glen Echo Cars
Trust
Loscb
Imaw
North Cap St
Bergain
Box Gil
Pontea
Willard
Paavent
D.ol
Hi Saunders & Co
Southern Bldg
6. H. Smith CO
Tyler & Rotherford Tne
A. Mafoore
Oi City
Colorags
Washingtoille
McCrat Berescerator, Company
Oequalel Spac
EnowErow
Stoners