Market Almost Idle Slight Stock Decline Amid Flat Week
The Washington Post reports a quiet stock market with little price movement. United States Steel’s unfilled orders drop to 43,975 tons from 3,537,128, while bank reserves shrink and loans rise due to transfers from trusts to national banks. Railroad retrenchment lowers future spending. wheat and corn yields rise, coffee crops face rainfall shortages, and prices edge higher on tight options.
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Thomas Shot' L
Washington Post
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Reading
Union Pacific
Fee
United States Steel Corporation
Wmles
Crow Pacific
Southern Taciths
Wallatreat
Strath
Brat Ag
Plas
New York Cotton Market Ends Barely Steady
New York cotton closed quiet with prices mostly unchanged to 1 point lower. Total sales for the day 03,10 shares. Quotations align with W B Hibbs & Co bankers and brokers in Hibbs Building, members of NYSE, Chicago Board of Trade, and Washington Stock Exchange.
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Sea City
14Th Street
New York banks exceed reserve need by 29 million
Weekly statement shows clearing house banks hold 29,242,000 above 25 percent reserve, a drop of 12,826,000 from last week. Summary lists deposits, loans, circulation, specie, legal tenders, and surplus changes, with mixed movements in United States deposits and actual vs required reserves.
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cail_nominat
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Tottered
Wall Street Gloom Tracks Long Week in Markets
Wall Street featured a near shutdown with stock trading almost suspended. Bond activity showed $167,000 in Union Pacific convertibles amid a price decline, while railway data indicated reduced idle cars and crops moving quickly to market. Bank clearings fell 18 percent, marking the year’s weakest week and the early fall season. A brokerage letter suggested that deep expense cuts are yet to come, hinting at a potential stock price rise after a broad decline.
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United States
New York Produce Prices and Supplies Report
New York market update shows butter steady with receipts 6,481 boxes. cheese unchanged with 3,212 boxes received. eggs steady with 0,801 bores noted. Poultry alive quiet. dressed meats and flour market activity limited. pork and beef prices steady. lard and tallow stable. Cottonseed oil futures, petroleum refined, sugar variations and coffee steady noted. potatoes, cabbages, and peanuts largely unchanged.
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Big profits and safety in Southern Land Investments
An advertisement hawks high returns with absolute safety claiming 6 acres per $15 in a Booth area project. It urges immediate writing to Parker & Parker, Cleveland, for information and possession prospects. Also seeks names and issue dates for old defaulted railroad hands and price per thousand to Rudolph Guenther’s agency in New York.
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Customs graft trial names six weighers in New York hearing
George Lunny known as Big George testified at a customs fraud trial on underweighing cargoes. He admitted paying weighers and named six men, saying payments were one third of the importer's profit. Judge Martin adjourned after learning Lloyd W. Bowers died.
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United States
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Big George
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