Money market quiet with funds flowing to New York
The money market was quiet with modest activity in short maturities and call funds in New York. A Chicago interior uptick in exchange rates suggests funds returning to New York, with rates expected firm through year end. Call money in New York at 5 percent. time money ranged 5 1/2 to 6 percent for five to six months.
MENTIONED IN THIS ARTICLE
New York
Chicago
Peasare
Boston Clearings
Boston
Eevee
ROG
MLV
Caes Ios
Cape
Tlanetoue i Vas
Ee Pines
Ae Bankers’ Sterling
Reichsmarks Guilders
Grain Markets Dec 16 Wheat and Corn Movements Report
World wheat shipments exceeded expectations while passage fell 3 percent. Northwest receipts doubled year over year and cables stayed near stalemate. Trading mostly down with a late recovery as small visible increases surprised. Extreme reactions ranged around mixed fractional changes. Corn showed modest strength closing 4 to 4 1/2 percent higher. Oats remained inactive with light gains.
MENTIONED IN THIS ARTICLE
Northwest
Sharp Rise Succeeds Farly Recession in Markets
Daily market roundup shows total New York sales at 897,400 shares and Boston at 44,406. Reading leads activity in New York with 279,600 shares and Steel common tops Boston volume at 6,427. Year to date totals reach 128,412,500 for New York and 11,040,485 for Boston, versus last year’s 120,824,300 and 6,590,114 respectively. Notable moves include Del. Lack. & West. rising to 26 from 590, Cent. of N. J. slipping to 365, United Fruit gaining to 182, Calumet & Hecla dropping to 520. Call money at New York 4 3-4 to 5 1/2 percent. Boston 6 to 7 percent. Time money New York 5 1/2 to 6 percent. Boston 5 1/2 to 6 1/2 percent.
MENTIONED IN THIS ARTICLE
Algomah
Allouez A
Am Tel & Tel
Anaconda Oe
Arizona Com
Bos & Albany
Boston & Corbin
Bos & Maine
Bos Elevated
Butte & Sup
Butte Ballak
Cal & Arizona
Calecla
Chino O
Elec 'Seiee
Giroux
Granby
Hancock
Indiana
Island Creek
Isle Royale
la Salle
Mason Valley
McElwain
Mohaw Miami Copper
Nevada
North Patie
Old Dominion
Old Colony
New York
Boston
Reading
Steel Common
Del
Lack. & West
Reading Leads Uptick After Supreme Court Anthracite Decision
New York market firms on Dec 16 as Read ing stock moved from 15 8 1 4 to 16 4 1 2 amid volatile swings. Union Pacific also rose, other anthracite issues gained, copper shares weakened, and bonds showed early weakness before rebounding. The court ruling was seen as a railroad friendly victory with limited impact on overall anthracite movement.
MENTIONED IN THIS ARTICLE
New York
United States Supreme Court
Reading
Union Pacific
Harriman
Bears
Wall Street
Jersey Central
United States
Boston Market Sees Quiet Open Amid Bearish Local Session
The Boston market opened quietly with traders extending last week’s bearish trend on Amalgamated Lake Copper North Butte Calumet Arizona Butte & Superior and Steel common. A brief rally followed after Supreme Court decisions on the anthracite coal case. Butte & Superior rose to 39 8, Calumet & Arizona to 69, Amalgamated to 74 3 4, United Fruit to 182, Steel common to 66 1 2 with a firm close.
MENTIONED IN THIS ARTICLE
Boston
Amalgamated
Lake Copper
North Butte
Calumet & Arizona
Butte & Superior
Steel
London
Supreme Court
United Fruit
Market summary shows uneven early strength in copper stocks
Curby stocks drifted lower then turned higher closing near day’s best. Alaska Gold led gains after a dip from 105-8 to 11, Mexican Metals and Nevada Douglas rose around 21-8 and 33-8, while Corbin Copper fell from 14c to 6c. Bay State Gas also active amid broad fluctuations.
MENTIONED IN THIS ARTICLE
Alaska
Nevada
Douglas
Corfbin
Bay State Gas
Cotton Markets Open Higher on Strong Liverpool Cables
Cotton futures touched new highs with March and May at 18 cents early, as buying by lead spot interests supported opening strength. A 15 point midday reaction followed amid ample long and short selling, while stocks rallied prompting cautious profit taking.
MENTIONED IN THIS ARTICLE
Liverpool
Chicago Market Bid and Quotations in Mixed Trades
Market report lists bids and asks across multiple stocks and instruments. Prices show varied levels for railroads, utilities, oils, and industrials with percentages indicating performance or yields.
Metal markets report mixed as copper weak and tin steady
Copper weak and tin steady at the metal market with varied bid and ask quotes. Lead and spelter show easy and steady tones while electrolytic and casting tin listings move within narrow ranges across December to February prices.
MENTIONED IN THIS ARTICLE
Ees
Ceee
Angmony
Cookson’s
Anthracite Decision Leaves Reading In Control
The Supreme Court ruling on the anthracite coal case favored the Reading Railroad, sparing it from separating coal mining and selling into a separate company. The stock reacted with extreme volatility, trading over a 16 point range on the day, retreating and then rebounding after the decision. Reading maintained control of Jersey Central despite market moves.
MENTIONED IN THIS ARTICLE
Supreme Court
Reading Railroad Company
Reading
Jersey Central
Union Pacific-Southern Pacific
Consumers Power Bonds Offered At 9714
Perry Coffin Burr and N W Harris Co offer 9712 and 9714 first and refunding 5 percent gold bonds of Consumers Power Co dated Jan 1 1911 maturing 1936. Optional at 105 with interest from Jan 1 1916. Company controls Michigan electric light and power business serving over 450000 people and profitable earnings last year exceeding twice bond interest needs.
MENTIONED IN THIS ARTICLE
New York
Chicago
Harris Trust and Savings Bank
The
Consumers Power Company
Michigan
United Light and Railways Co Shows Strong Earnings Growth
The United Light and Railways Company reports rising gross and net earnings since 1910, with 12 month period ends in 1912 showing gross over 4.4 million and net around 1.8 million. Properties serve more than 450000 people, with sound franchise terms extending to 1980 and perpetual portions. The capitalization includes 12.5 million first preferred and 5 million second preferred with 12.5 million common stock. Outstanding securities total 5.021 million in first bonds and 3.06 million in second preferred plus 5.2875 million in common stock.
MENTIONED IN THIS ARTICLE
United Light & Railways Company
Post
New York Trust Company
United Light and Railways Purchases Expand Midwest Network
The June 10 1918 report details United Light and Railways Company expanding through acquisitions and preferred stock positions. It lists absorbed utilities across Michigan Indiana Iowa and Tennessee including Cadillac Gas Light Grand Rapids Gas Light LaPorte Cedar Rapids Chattanooga and Ottumwa assets. Management by Frank T Hulswit Richard Schaddelee and J F Porter oversees operations as the firm retires underlying bonds and continues absorbing debt.
MENTIONED IN THIS ARTICLE
United Light and Railways Company
Child, Hulswit & Co
Grand Rapids
Mich
Cedar Rapids
Marion City Railway Company
Iowa
Tri-City Railway and Light Company
Davenport
Rock Island
Moline
East Moline
Illinois
Muscatine
Frank T. Hulswit
Richard Schaddelee
J. F. Porter
Young Man Seeks Bond Brokerage Connection
A young man with six years experience in stock and bond brokerage seeks a connection with a financial institution. He can furnish bond and highest credentials. Address offered is C 107 in The Post.
Also Mentioned on This Page
WM. A. Read & CO
Public Service Bonds
Congress Street
Pine Street
Philadelphia
Utah Securities
Richardson, Hill & Co
United Light & Railways Co
Moors & Cabot
Devonshire St
Mass
Money Markets
Smelt & R
Smelt & R Pf. Ee
Batopilas Mi
Beth Steel
Case J I Co
Ohio
Deere & Co Pf
del & Had
Dl&w
Arie . Peeeenee
Goodrich
Agr Corp
Sou Pf . Ag
Lake Sh & Mi
Mer Marine
Nat Biscuit
Nevada C Cop
Ir Brake
NY of
NH & H
Nyo&w
Nor & West
Rumeley Co
Seaboard
Sears-Roebuck
Sl&sf
Studebaker Od
USCIP
U Y & Rubber
U S Steel
Maryland
West Union
Westinghouse
Woolworth
Boston Stocks
Janes Ea We i
Ewee
Lard Dee Ee
Jan Eee
Minneapolis
Carl H. Pforzheimer
Broad St
N.Y
Island Greek Goal Company
Island Creek Coal Company
Atlae, J
W. Batchelder
Fr. W. Batchelder
Treasuer
Mount Vernon Distilling Co. of
Baltimore
NEW England Telephone and Telegraph Company
William R. Driver
Copper Range Consolidated Company
Frederic Stanwood
New York Market
Utah Consol
Utah Cop Co
West End
West End Pf
Winona Seereeee
Wolverine
Wyandot
Eix
Atchison
Baltimore & Ohio
Brooklyn Rapid Transit
New York Railways Adjustment
United States Steel
BONDS
CCC& St - Peo
G&e
Peoria & E
Cuba
NYC C
Pitts
CC & St
del & Hud
Boston Ely
Butte Central
Nyc
Butte & London
Calaveras Nyc
Corbin Nyc
Davis Daly
Fagle & B Bell
da Pont de
Ely Consol
All Allis-Chalmers
First National
Ban Co Ctis
Goldfield
Houghton O
Steegal
Hollinger
Humboldt
Erie
Ies
Shee St
LIM& An
Gulf
Majestic
Itea
Mtn Co
M & Swn
Ann Arbor
OD Armour&Co
Miami
GR & Ind
Bos
Stewart A
Tenner
Verde
AT &Sf
Indir Steel
Fener
Utah
Beeen
Vulture
St_P
Mont
Esiet Ates
Seabe Air Line
iSo Pacific
Atl Coast Line
Bal & O
Pacific
Kan City
Balt & O Gold És Kings Co
el & P
Ea Rae
Liggett & Mu
Balt&o Pitts
Liggett & M
Tci&r Rra
Texas Co
L & West
Gas & Elec
Lka & W
Nynh&h
Union Pac
Ces of
Ea Bs
Vermont
Union Pace
Itv Ts Penne
U . Steel Sf Bs Sa
Cc i & Q Joint
Terres SM
Mil & St P
Wabash Rfdges
Nort &W
Sparta & N
North Pacific
Cole Sas
Central Tr
Pacific Coast
Pacific T
el Paso
Stewart Ee Eee
UN Cigar
U Ss L & H
Wettlaufer
West Pac
Oeevereesre
Eyeeseers
Sear
An. &l
Chicago Market
Ask
Booth F
Edison
HS & Mpf
Ili
Oo Khun CL
Swit & Co
Stone
Rysbs
Morrissue
RRO
OGL
P ‘Tool
Metal Markets
State Street
W. A. Foote
Michigan Railroad Commission
N.W. Harris & Co
Federal Street
Consumers Power
Mayflower
Lake Superior
Boston News Bureau
Boston News
Daily Companion and Guide
New England
Money Trust
Boston Post
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