Rail Men Vote on Wage Cut Impact in Wall Street View
New York June 11 about 250000 maintenance of way workers and all Big Four railroad brotherhood members began voting this week on whether to accept wage reductions ordered by the railroad labor board. Analysts cite rising unemployment and corporate cost-cutting as factors shaping the vote and potential industry-wide effects.
MENTIONED IN THIS ARTICLE
New York
Railroad
Wail Street
London
W.L. Hitchens
England
Shell
Germany
Rome
Ing
Schwab
Charles M. Schwab
South Hend
Dodge
International Paper Company
Organized Raids Hit Stock Market In Sharp Decline
Sensational developments sweep the market as organized bear raids press prices downward. Gold flows to the U S shore and sterling collapses from May highs, while dividends passings and bank reserves shape a fragile financial picture amid calls for rate reductions and policy relaxation.
Selecting Your Investment Banker Card from The Constitution series
Editor notes advise choosing a conservatively reputated investment banker with honesty and experience. Avoid bucket shops and unscrupulous promoters. Verify the individual banker’s character, training, length of service, and ability to advise on securities and bond values.
MENTIONED IN THIS ARTICLE
Blodgett
Robinson- Humphrey Company
Atlanta
Hese
Middle West
Market Closes Steeply Low As Stocks Fall Across Sectors
New York June 11 Values crumble in today's stock market under liquidation pressure and active trading by professionals. Oils steels and various specialties led the session with broad weakness in Mexican and Pan American Petroleum General Asphalt Standard of New Jersey and other majors. Final standard issues were irregular above the lows but the market remained heavy at the close. Bond markets were uneven and heavy while totals show large loan disbursements and gains in reserves and cash.
MENTIONED IN THIS ARTICLE
Bioces
Bates
Chess
Gore Allied Chemicals
Middle States
Amer, Hide and Leather
American Inter. Corp
American Locomotive
Pan-American Petroleum
Amer
Pitt
P Iron and Steels
Attentic Coast
Royal Dutch
Louis
San Fran
Seaboard Air Line
Tattimore
Ohio
Tiethlehem Steel
Etwees
Shell
Trans” and Trad
Az Tawaisian Pacific
Sinclair OW Andl
Central Leather
N. J
Chine Copper Aly
Studebaker Corporation
Coca-Cola
Tornesae Copper
Colorado Fuel and
Texan Co
Texac Pacific
Crucible Breal
Cuba
Union Pacific
Ae Erie
Pro
United Fruit Ge
U. S
Neral Electric
U. S, Ind
Neral Motorace
OM Ae
Gulf Stats Steel Great Northern
United States Rubber
United States Steel Ae
States Steel
Utah
Ao Inter
Mer
Marine
Vanadium Corp
International Nickel
Virginia Carolina ‘Chem
International Paper
Western Uni
Kennecott
Wsgs
Westinghouse and Electric
Aponheine and Rastiville
Willys-Overland Cece Raneene
Mexican Petroleum
New York
Pan-American Petroleums
General Asphalt
Standard of New Jersey
Crucible Steel
American
Baldwin
International Harvester
General Electric
American Sugar
Sumatra Tobacco
Clearing House
Federal Bank
Cities Service to Pay Future Dividends in Scrip
At a special directors meeting Cities Service unanimously adopted paying all future dividends in scrip rather than cash or stock. President Doherty cited demoralized oil markets and urged conserving cash and oil by holding back production while keeping utility profits strong, promising eventual favorable conditions for resuming cash dividends.
MENTIONED IN THIS ARTICLE
Cities Service Company
Doherty
Serip
Aetna Explosives Sold to Hercules Powder Company
New York June 11. Stockholders of Aetna Explosives sanctioned the sale of its properties assets and business to Hercules Powder company. The transfer of the property marked the final formal step in a two year saga of interest to financial and business circles and also presented an unusual legal aspect.
MENTIONED IN THIS ARTICLE
New York
Aetna Explosives Company, Inc
Hercules Powder Company
Aetna
Three Stolen Autos Found Burned In Savannah Heap
Savannah police found three stolen cars in a burned heap in Savannah Georgia in June 1911. The vehicles a Paige car an Ap- Person and a Cole model had disappeared from their parking spots and were discovered yesterday burned with every removable part taken, suggesting a wholesale dismantling before the fire.
MENTIONED IN THIS ARTICLE
Savannah
Paige
Cole
Investor confidence and the banker as counsel
The text argues that average investors lack time to research investments and must rely on a banker who focuses entirely on securities for clients. It claims lasting business success comes from merit and a solid clientele, noting that mere title does not prove merit and that clients follow proven competence.
MENTIONED IN THIS ARTICLE
Eilente
Markets and currency rates from New York and London
Curb Securities notes weak exchange with sterling and various 60 day and demand bills. Government and rail bonds show easy conditions. Liberty bonds close varied by issue. London prices list bar silver and money rates. Regional reports from Savannah, Jacksonville, and Pensacola show turpentine, rosin, and petroleum product movements with arrivals and stock levels.
MENTIONED IN THIS ARTICLE
New York
Prima Mercantile
Aterling
Lanka
Belgian
France
Guildera
Greece
Sweden
Norway
Argentine
Trazil
Live Stock, Louisville Cattle Receipts and Prices
Cattle receipts about 200. heavy steers 7.60 to 7.75. beef steers 6.00 to 28.00. heifers 3.50 to 8.00. cows 2.00 to 4.55. feeders around 6.00 to 6.75. range for 220 lb cattle noted. Hog receipts about 1,500 with active trading. hogs 7.00 to 8.00 for 80 to 220 lb, 90 lb and under 0.75. oats price 2.00 down. Sheep receipts 3,200. lambs and sheep 3.50 down. Swift & Co. Chicago note.
MENTIONED IN THIS ARTICLE
Louisville
Sane
Rumors of Black Rust Boost Grain Market
Chicago trading on June 11 was unsettled as rust reports from Nebraska and Iowa buoyed traders. July wheat rose 21.4 cents, September 6.25, corn up 11.25 to 17.75, oats 0.75 to 1 cent, with provisions mostly unchanged amid shifting demand and hedging activity.
MENTIONED IN THIS ARTICLE
Chicago
Nebraska
Iowa
Chicago Board of Trade
Germany
Cotton Shows Irregularity Week-End Activity Irregular
New York June 12 Special. Weather and market reports describe irregular cotton trading with weekend activity and claims of damage from ball weevils and rains. Traders note labor unrest in Britain and anticipated coal-miner actions affecting markets, with prices fluctuating between support and resistance levels as weather shifts spread through the belt.
MENTIONED IN THIS ARTICLE
New York
al| Hubbard Ros. & Co
New Orleans
Las S
Fer Igan Exchange
American Cotton and Grain Exchange, Inc
Baltimore
Beston
Philadelphia
Geason
London
Liverpool
Lancashire
Tureday
Long liquidation depresses cotton in New York and New Orleans
New York spots show middling around 12,500 bids amid sustained long liquidation. New Orleans reports July futures pressured by stock market weakness and continued rains in the belt, boll weevil reports, and late-session realizations keeping prices near yesterday’s lows with modest Wednesday losses.
MENTIONED IN THIS ARTICLE
New York
Cotton market report from New Orleans to Norfolk
A fragmented cotton prices and receipts table shows Middling values, receipts, exports, sales, and stock for New Orleans Galveston Savannah Charleston Wilmington Texas City and Norfolk. The garbled figures include multiple digits for receipts stock and sales across ports with incomplete city names and units.
MENTIONED IN THIS ARTICLE
New Orleans
Galveston
Biter
Savannah
Salon
Stork Bette
Charleston
Eceinte
Atock
Wilmington
Texas City
Rtock
Norfolk
Interior trovement and cotton markets report
Houston and other cities show middling cotton prices around 11.00 to 11.80 with receipts shipments and stock tallies in the thousands. New York market notes slight declines in knot seed oils and firmer crude markets while cotton goods print steady demand for fall and fine goods with resin color ratings noted. Cranes migrating long distances mark weather-related travel observations.
MENTIONED IN THIS ARTICLE
Houston
Atock
Emphis
Wey
St. Louis
Stork
Atlanta
Little Mack
Dallas
Giles
Montgomery
Tote
New York
Professional views on cotton situation New Orleans June 11
New Orleans reports on cotton markets amid the Firstiah coal strike settlement talks. World visible supply and U S exports to Europe show declines year over year, with shipments to Bremen and German ports rising from Galveston. Forwarding agents note heavier bookings for June and July, despite global demand remaining cautious.
MENTIONED IN THIS ARTICLE
New Orleans
Ceina
United States
Furapa
Indie
Europe
Galveston
Bremen
US Gains Favorable Trade Balance With Europe in May
Washington reports May shows both exports and imports dipping, but the month yields a $3,122,000,000 trade surplus for the United States. Eleven months to May: exports $6.18B, imports $3.47B, gold and silver movements detailed.
MENTIONED IN THIS ARTICLE
Europe
Washington
United States
Department of Commerce
Also Mentioned on This Page
Wall Street
R. L. Barn
Financelal Chronicle
Ait Stoce
al Walter ED. Hrown
New York Commercial
United News
Lst
Reparations Commission
Federal Reserve
Bank of England
Fithanta
NEW York Stock Exchange
Cities
Aetna Explosives
Hercules
NEW York Bonds
Panama
American Tel
Tel
Atlantic Coast
Lin Ta
Baltimore & Ohio
Bethlehem Steel
Central of Georgia
Consol
Chesapeake & Ohio
B. & Joint
Mil
Gelncy
City of Par Soner
Colorado & Southern
Denver & Rio Grande Consol
Dominion of Canada Se
Erie Gen
Ines Central
Bol Kausea City
Southern
Tagrett & Myers
Ae Louiaylte & Nastville UN
Misanari, Kan
Texas
Ist
Missouri Pacific
New York Central
Korfolk & Western
Northern Pacific
Pennsylvania
St Republic Tron & ‘Stock
Tidore SL
Mie
Southern Seabrard Air Line
Trei
Southern Prcifie Co
Southern Railway Sa
Southern Railway
Texas & Pacific
United Kingdom
Aye
Berne
Baltimora
Chile
Denmarl
Goodrich
Toulaville & Nashvite
Northwestern Bell
Pennslvania
Rel EE Fay
Weatinghouse
Curb Securities
Money Market
London Money
Liberty Bonds
Naval Stores
W. G
Tocksonville
Anles
Rosin
R Eal Lacs
Receipia
Auimente
Fort Kade
Elmlent Br
Tampico
Manche
Port Cortez
Sevre
Spain
Nor
Mobile
California
Hamburg
Carlton
Naples
Copan
Tela
Gunny
Progreso
MobMe
Als
Rana
Port Barrios
Ene
Inter
Tub
Aritaed
Anglo-Am
Fein O
Guffey Gillespie
Na Inter
Smith Creek
Simms Pet
Allied Packers
Lam
Catton
Swift & Co
Greienne
Glover Sania
Rt. Touls
Guly
Sentinabet
Faro
Anne Hom
Seine
Alabama
North Carolinas
Giese
Arly
Oarcom
Daly
the Robinson-Humphrey Company
Municipal and Corporation Bonds
Atlanta, Georgia
Raymond Palmer
Reklet
Ae Pat Kemeata
Fnac
Kennedy & CO
Hembere Gensaldsten
Kriebel & Co
la Safi St
EL Lee Canhanes
New York Cotton Exchange
Orleans
Produce Exchange
Coffea and Sugar Exchange
Liverpool Cotton Association Attan
Catan
Broad Street
Investors and Traders’ Guide
Equitable
St. Paul
Boston
Philadelphi Fittaburgh
Detroit
Clevelant
Jones & Baker
Scott & Stump Block Exchange Bldg
Fhitsdelphts
S.C. Mayer & Co
Copper Securities
Navy
Investore
Matlad
Rose & Sien
Venezuela
RC Mecarcece Co
Pine
Pine Street