Market tone brightens as European cash demand wanes
Washington Post special dispatch from New York notes mixed stock activity, London buying weakness, and firmer European money rates. Banks report a cash loss of 7 to 8.5 million dollars for the week, with further expected discount-rate tightening.
MENTIONED IN THIS ARTICLE
New York
Washington Post
London
Tokyo
Caucasus
Paris
Europe
Jingland
South Africa
Sterling Exchange
Bank of England
Bank Clearings Across U S Cities With Gains and Losses
Bank clearings for the week ended September 7 show varied results across major cities. New York totals 1,479,607,109 with a 4.4 percent rise, Chicago 176,069,975 up 14.6 percent, Philadelphia 720,143,201 up 9.8 percent, while San Francisco 35,070,467 declines and Baltimore 14,690,922 drops 23.9 percent. Total United States clearings reach 32,205,191,634, up 2.6 percent. outside New York 25,544,425 up 16.2 percent.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Chicago
Boston
Philadelphia
St Louis
Georesao
Pittsburg
San Francisco
Unneinnett
Baltimore
Kansas City
New Orleans
Minneavollo
Geeraaze
Omaha
Providence
Los Angeles
Memphis
Richmond
Weanington
Atlanta
Nashville
Norfolk
Augusta
Birmingham
Knorville
Charleston
Chattanooga
Wheeling
W Va
Macon
Lexington
United States
New York Money Market Highlights and Rates
New York money market notes ease on call at 8 percent, 24 offered 2 percent. Time loans steady with ranges for 30 days 3 and 9 days. Mercantile paper 4 1/2 percent. Sterling exchange quoted with actual business in bankers bills. Government bonds steady, railroad bonds irregular.
MENTIONED IN THIS ARTICLE
New York
Frime Mercantile
Sterling Exchange
Ir.egular
Salary Cement
Potomac Guarantee Loan CO
F Street
Atlantic Building
Baltimore Markets: Grain and Dairy Prices Steady
Baltimore markets report quiet and unchanged receipts for flour and hay, firm butter and cheese, steady eggs and sugar, with wheat and rye showing firm tones. Spot and futures quotes hover on No 2 red western wheat, southern corn, and various grain by sample alongside steady oats and hay.
MENTIONED IN THIS ARTICLE
Baltimore
Sept
Southern
Ang Sly
Tigh
Spot
bIadky Fontan
Boy Ashe
Ateamer
Wall Street Gossip Signals Mixed Union Pacific Strength
Washington Post reports Union Pacific trading strongly with notable inside buying and a $451,000 net earnings gain boosting sentiment. Traders question a lasting rally, warning of potential profit-taking and a bear-led correction as money tightens. London and St Paul activity noted, while Canadian Pacific gains support prices. Banks expect unfavorable Saturday statement and higher call money, with broader market nerves and rumors about Hawley and Great Northern Pacific mergers lingering amid late-year profit hopes.
MENTIONED IN THIS ARTICLE
Union Pacific
W. C. Stokes & Co
Morris Sternbach & Co
Moore & Schley
C. Minzeheimer & Co
J. H. Griesel & Co
London
St. Paul
Treasury
Canadian Pacific Report
Jefferson Levy
Canadian Pacific
Wall Street
Bears
Hawley
Great Northern Pacific Outfit
Southern
Market Notes Show Dull Day Amid Mixed Shares
Local financial activity mostly lacked enthusiasm as dealers attended the Block Exchange. Greene Copper led on light volume with 500 shares traded at 245-8, while Graphicophone preferred rose to 7-3 and common around 4 1/3 ex dividend. Railroad stocks were quiet. Mergenthaler stock remained strong despite a £260,000 lawsuit, and Metropolitan Railroad bonds traded around 192 1/2 for 6 percent due 1996. J William Henry joined the board, efforts to execute orders mixed with prearranged, unrecorded plans, and bankers’ meeting preparations progress smoothly with Edson coordinating committees.
New York Stocks Close Mixed Amid Broad Activity
Trading on September 8 shows Amalgamated Copper, American Sugar, and United States Steel among active issues with varied results. Reports note scarce high grade eggs and firm dairy prices, while transport and factory shares ride a fluctuating market led by volume in Illinois and New Jersey listings.
Developments in New York Bond Market and Washington Stocks
A snapshot of bond and stock movements across New York and Washington markets lists numerous issues from Metropolitan Railroad and Washington Railway and Electric to Chesapeake and Ohio and United States Steel. Notable tallies include 2,218 at 103 percent for Sales-Metropolitan Railroad A’s and 49 at A24K for Washington Railway and Bisctria preferred, with many other rail, utility, and bank securities noted alongside figures, names, and certificates. the report also includes general market totals, dividends, and government receipts and expenditures.
MENTIONED IN THIS ARTICLE
New York
aAdenis Express
Amalgamated Copper
Am, Car and Foundry
Car and Foundry
Pi Soy
American Cotton OM
American Cotton Oil
American Joe Hectiitiew
Amerivan
Ameren Leoon
Lidia Aim Biel
Plas
Aviadam
Ansounda
Atcdibor Se
Chesapeake and Onto
Chicago and Alton
Chicago Great Western
Chicago
Colorado Fuel and Tron
Colorado
Southern
Golo
South
Istrid
Colo
Consolidated Gas
Delaware
Bel
Lack
Wistern
Denver
Rio Grand
Denver and
Rio G
Securities
Erie
General Electric
Great Northern
Hocking Valley
Dilnots Central
International Paper International Paper
International Pulp
International Pump
Iowa Central
Kansas City Southern
Loutaville
Nashville
Manhattan L
Metropolitan Securities
Minneapolis
St. Louis
Egs
Co. Pfé
Mimouri Pacific
New York State
Western
Virginia
Southern Live
Southern Railway
Tennesaca Coal and Iron
Texas and Pacific
Toledo
St. L
Agis
St I
Union Pacific
Chion Pacific
Odo
United States
Va -Caralina
Carolina
Wisconsin Central
Gamsona
W. . Hibbs
Tormatopa, Co
F Street
Aloes
Chicago Board of Trade
Western Burhada
Pulliaan Faloce
Ihabto Hives
Republic Steel
Rock Island Co
Rother Goods
St Louis
Farzo Westinghouse Electric Western Union
National Land
Mesxico
Tennenses
North Caro- New York Central
Ontario
Iibsral
Norvilk and Weatern
Washington Stock F Exchange
Maryland
Metropolitan Railroad A's
Washington Railway and Bisctria
Washington Loan and Trust
Mergenthater
Lanston
Grephephone
His
Graeme Copper
Gdh
LOU Ab
Tig
Sull
Washington Railway and
Electria Pro Aba
Odm
Mullowiig
Ohio
Alton Big Vilage
Darlington
Galway
Wienges
Lerminudaes
Cusarady Tod
Colurada
Beseecey Coluridus
Colorade
Rowthern
Sb Ga
COP Agaler
Matropoulten
Calyphin
Columbia Railroad
City and Suburban Railroad
Anassoaula and Potomac Fig
Washington Faway and Electrle da
Bristol Gas and Electric
Washington Gas Company
Washington Gas Company A
United States Electric Light
United States Minetinc Light
Chesapeake and Potomac Telephone Ba
Washington Market Company
Potomac Electric Light
Norfolk
Washington
Rate Deposit and Trust Etocke
National Safe Deposit and Trust
Wrebington Loan and Trust
American Security and Trust
Washington Safe Dapoait
Union Trust Company
Washington Savings Bank
Home Savings Bank
Union Sevinga Bank
Railroad stovke—Capital Traction
Washington Railway and Wiectria
Washington Railway and Electric Common
Bristol Gay and Beciric
National Bank
Bank of Washington
Metropolitan Citizens
Central
Farmers and Mechanics
Second
Columbia
Capital
American
Tradera
Lincoln
Riggs
Firsmen's
Franklin
Metropolitan
Corcoran
Potomac
Arlington
German-American
National Union
People's
Commercial
Colonial
Jumbia
Manhattan
Missouri
Kansas
Texas
National R. A. of Mexico
New York Central
New Jersey Central General
Northern Pacific
Norfolk and Western Oregon Short Line
Pennsylvania
Reading General
Iron Mountain
Cannc
St. Lows
Aen Franciaco
Wheeling and
Lake Mile
Cobaesenemd
Gaestocka-Washington Ges
Georgetown Oar
Mergenthaler Linotype
Lanaton Monotype
Greene Consolidated Copper
Washington Market
Norfolk and
New York Cotton Market Sees Partial Rebound After Decline
New York cotton prices edged up after a sharp decline as active covering and renewed bull support appeared. Traders noted big spot business in England and reports that southern growers sought a new minimum price, prompting prices to recover from session lows.
MENTIONED IN THIS ARTICLE
New York
Asheville
B Southern
Wheat and corn futures ride strong after mixed early session
Wheat futures firmed amid export demand and thin selling as December rose to highs near 82% and oats and corn followed with cautious gains. Reports of heavy receipts, improved Northwest weather, and bullish export signals supported the market, while early selling pressure faded.
MENTIONED IN THIS ARTICLE
W. B. Hibbs & Co
New York Stock Exchange
Washington Stock Exchange
Chicago Board of Trade
Chicago
Liverpool
Msc
Minneapolis
New York
New Orleans
Braystreet's
Minneapo Duluth
Corm
Lodad
Cloasd
Tacal Regelpta
JAG Vane
Providigue
Flve
Live Stock Markets Report From New York and Chicago
Market summaries show cattle, hogs, sheep and lambs with receipts and prices. New York receipts include beef cattle, cows, bulls, veal and Western cattle. imports and refrigerator beef quoted. Chicago activity lists cattle, hogs and lambs with ranges and notable highs and lows.
MENTIONED IN THIS ARTICLE
New York
Sivyo
Chicago
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Toamorrow
Lotasa
Wurove
New York Exchange
Union and
Southern Pacifics
Sparrow
Arsa
Broadway
Lawson
Bank of Ingland
Local Financial
Rotary Hume
Mergenthaler Company
Lanstom
Metropolitan Railroad
J. William Henry
Norment
Bankers’ Association
Edson
Varlong
NEW York Stock Market
Washington Produce Market
The
Baltimore Herald
Bentula
McA Balve
Mag
Salas
Galveston
Mobile
Savoonah
Bok
Wilmington
Baltimora
Houston
Cincinnati
Louisville
Ada
Great Britain
Continent
Japan
Consolidated
France
Bankers and Brokers
Washington Boat Exchange
Cenoua Borean
Eome
Duluth
Manitoba
Chicago Grain
District of Columbia
Lnvestore
Swartzell, Rheem & Hensey Co
Warner Building
F Street Northwest
F. H. Smith Co
Inauri
N.Y. Ave
Bond Bldg
Union Savings Bank
14Th
Pon
Eya An ‘Ounsalora
Jorado
Buildin
Washington, D
Investiment Securities
Edward Sweet & Co
Igig F Street
Etock
Office of the Amociation
EQUITABLE @C
National Safe Deposit, Savings G Trust Co
Cor
15Th and
New York Ave
Washington Loan & Trust CO
Acta Baitryaton
Canume
Ada Retr
Goer
Becond
Peety Seres Tramee
Real Hatate Offcer
Etters OF Credit
Tha U
Traders National Bank
Baer
Gapital
National Riggs Bank
Temes
Buye
Acle Exchange
U. 3. Treasury
Atropa
Seventh and
F Streets
N. W
Oranch
Arthur Wall
Lynn, Wall & Co
Adams Building
Jeningsr
Jenkins & CO
CommiSsIon Stock Brokers
Grevlich
Wade & Hedges
Magins
Mr. J. Sage & Co
N.Y
Andrew Glass
Charles F. Benjamin
John Cook
William P. Seville
Wilam Rodinger
C. Bar Brookes
Frank J. Dieudonne
George Wright
James Berry
H C Espey
Arthur Carr
C. F. Benjamin
Roger T. Mitchell
Eleventh Street Northwest
U.S
Department For Law
Columbua
Heishell & McLbran
F ST
Metropolitan Loan and Trust Co
Bos E Street N. W
Berfore
Capital Loan Co
National Loan and Investment Co
Sts. N. W
U. S. Treasury
Citizens ‘Trust’ CO
N.W. Cor
Sts
Mutual Loan and Trust Go
Bief St NW
Building and Loan Association
Paney
Teamutare
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Newsparr