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Commercial
July 22, 1904
The Cairo Bulletin
Cairo, Alexander County County, Illinois
What is this article about?
New York stock market on July 21 showed marked hesitation and uncertainty in speculative sentiment, with wavering prices but no marked weakness. Union Pacific rose then fell, Amalgamated Copper dropped on dividend disappointment. Call money easy at 1%, closing quiet and steady.
Clipping
OCR Quality
95%
Excellent
Full Text
STOCKS, BONDS, MONEY
MARKED UNCERTAINTY AND HESITATION IN THE TONE OF
SPECULATIVE SENTIMENT
CLOSE WAS QUIET.
By the Associated Press.
New York. July 21.—There was a marked hesitation and uncertainty in the tone of the speculative sentiment today and neither the occasional advances nor intervening reactions proceeded for an account of the room trading element following the movement. There was a constant wavering of prices which gave the market an unstable appearance but without developing any marked weakness on reactions. Union Pacific's aggressive rise of a point weakened some the confidence in promises that the stock was to touch par on the movement, but heavy realizing encountered on this advance aroused new skepticism over the stability of the market after Union Pacific had fallen back on the upward movement. Reading begot little enthusiasm in any speculative following.
A fall of 1¼ in Amalgamated Copper measured the disappointment of those who had expected an increase over regular dividend declaration.
Call money was offered with great freedom at 1 per cent. Prices sold off to the lowest late in the day, but the closing was quiet and steady.
Government Bonds
Today, Saturday
Railroad Stocks.
Miscellaneous.
Money and Exchange.
Money on call very easy. Opened ¾ and 1 per cent to 1½ per cent; closing bid ¾ offered at 1. Time money easy. Sixty, ninety days, 2@2½ per cent; six months. 3½. Prime paper, 3½@4½. Exchange steady, demand $4.87.05@$4.87.10; sixty days. $4.84.50@$4.84.55. Bar silver, 56¾.
MARKED UNCERTAINTY AND HESITATION IN THE TONE OF
SPECULATIVE SENTIMENT
CLOSE WAS QUIET.
By the Associated Press.
New York. July 21.—There was a marked hesitation and uncertainty in the tone of the speculative sentiment today and neither the occasional advances nor intervening reactions proceeded for an account of the room trading element following the movement. There was a constant wavering of prices which gave the market an unstable appearance but without developing any marked weakness on reactions. Union Pacific's aggressive rise of a point weakened some the confidence in promises that the stock was to touch par on the movement, but heavy realizing encountered on this advance aroused new skepticism over the stability of the market after Union Pacific had fallen back on the upward movement. Reading begot little enthusiasm in any speculative following.
A fall of 1¼ in Amalgamated Copper measured the disappointment of those who had expected an increase over regular dividend declaration.
Call money was offered with great freedom at 1 per cent. Prices sold off to the lowest late in the day, but the closing was quiet and steady.
Government Bonds
Today, Saturday
Railroad Stocks.
Miscellaneous.
Money and Exchange.
Money on call very easy. Opened ¾ and 1 per cent to 1½ per cent; closing bid ¾ offered at 1. Time money easy. Sixty, ninety days, 2@2½ per cent; six months. 3½. Prime paper, 3½@4½. Exchange steady, demand $4.87.05@$4.87.10; sixty days. $4.84.50@$4.84.55. Bar silver, 56¾.
What sub-type of article is it?
Stock Market
Market Condition
Economic
What keywords are associated?
Stock Market
Speculative Sentiment
Union Pacific
Amalgamated Copper
Call Money
New York Market
What entities or persons were involved?
Union Pacific
Reading
Amalgamated Copper
Associated Press
Where did it happen?
New York
Commercial Details
Location
New York
Event Date
July 21
Key Figures
Union Pacific
Reading
Amalgamated Copper
Associated Press
Notable Details
Call Money At 1 Per Cent
Amalgamated Copper Fall Of 1¼
Money On Call: Opened ¾ 1½ Per Cent, Closing Bid ¾ Offered At 1
Time Money: 60 90 Days 2@2½ Per Cent, Six Months 3½
Prime Paper 3½@4½
Exchange: Demand $4.87.05@$4.87.10, Sixty Days $4.84.50@$4.84.55
Bar Silver 56¾