Market Summary Of Stock Prices And Trading Activity
Early rally faded as bears returned with lower quotations. Steel common broke 50 copper, selling at 147 1 8 cents. North Butte and Calumet & Arizona attracted bids while volume showed New York totals of 574,400 shares and Boston 32,633. The most active issues were steel common in both exchanges. For year to date New York has 40,853,100 shares and Boston 2,569,242, against last year’s figures. Notable gains included Laclede Gas in New York and New Haven in Boston, with Detroit & Mackinac pref. and Chemical among the notable losses. Call money ranged from 13 4 to 2 3 4 percent in New York and 3 to 3 1 2 in Boston, while time money stood at 4 1 4 to 6 percent in New York and 5 to 6 in Boston.
MENTIONED IN THIS ARTICLE
North Butte
Calumet & Arizona
New York
Boston
Steel Common
Laclede Gas
Detroit & Mackinac Pref
New Haven
Chemical
New Eng. Tel
Ches & Ohio
CM & S P
Deere & Oo
Det & Mac Pf
Goodrich
Kayser J & C
Lehigh Valley
Long Island
Torillard Co
Louis Nash
Mer Marine
Mex Pet Co Lt
Minn & SL
Nat E & Ss
Penn Eee
Eee
Ry St
L&s
Sears-Roebuck
South Pac
South Ry
Tenn Copper
Texas Pac
The
Texas Co
U S Realty
U S Steel
Maryland
West Union
Westinghouse
Wes&lee
Woolworth
Wall Street Calm After Violent Break In Stocks
New York market traders opened with cautious gains but a sharp late-day drop erased early progress. Canadian Pacific tumbled almost eight points from its intraday high to a 1911 low, while Steel stock fell below 50 for the first time since 1909. Union Pacific slipped to 137 3-4 as many active issues posted new lows. Bear selling dominated the session.
MENTIONED IN THIS ARTICLE
New York
Canadian Pacific
Union Pacific
Prin
Market Dips After Yesterday’s Collapse Despite London Cheer
Traders faced a disappointing break as yesterday’s collapse curbed optimism though London reports and a rise in American stocks offered brief cheer. The Minnesota rate case drew limited market impact while analysts noted lack of sustained demand from investors and speculators. Money markets discussed tighter time loans, with nearly $30 million in short term notes announced, signaling potential strain on liquidity. Bonds were irregular. U.S. bonds held steady on call with total sales at $2.4 million par value.
MENTIONED IN THIS ARTICLE
Cipal
London
Minnesota
Local Market Sees Heavy Loan Calls Send Prices Down
Boston June 11 loans called by banks kept pressure on Wall Street style shares. Amalgamated fell from 64 3 8 to 62 1 2 while Steel slipped from 51 3 4 to 60. New Haven Telephone North Butte and Calumet Arizona rallied late but copper at 1478 cents faced bears. American Zinc dropped from 20 to 18 12, closing weak as Steel North Butte and Amalgamated led volume.
MENTIONED IN THIS ARTICLE
Boston
Amalgamated and Steel
New Haven
Telephone
North Butte
Calumet & Arizona
Bears
New York
Steel
Amalgamated
Alaska Gold M
Algomah
Allouez Ee
Sug Senor
Eee Ee
Arizona
Atchison
Bos Elevated Oe
Bos & Albany
Bos & Corbin
Seer
Bos & Maine
Butte & Sup
Cal & Arizona
Cal & Hecla
Centennial Eee Eee
Giroux
Hancock
See Ee
Indiana
Old Dominion
Quincy Bay
Santa
United Fruit
U S
US Steel
Utah Apex
Utah Consolera Re
Utah Cop Co
West End Eeeree
Grain Markets Shift as Export Sales Drive Wheat Rally
Wheat shows improved tone and higher prices led by yesterday's export sales of about 500000 and strong investment buying. Chicago cash wheat stocks reduced to 1.5 million. corn and oats also advance with firm liquidity and higher closes. Baltic and European grain prices mixed. domestic receipts rise in Minneapolis and Duluth. Export wheat sales yesterday totaled 532000, with 500000 from Duluth.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Paris
Budapest
Berlin
Inneapolis
Duluth
Boston curb shows Mexican Metals leads activity on metal prices
Mexican Metals again led market activity at the curb with rice prices easing from 51c to 45c and closing at 48c. Other features included Davis aly Calaveras Butte Central La Rose First National Copper and Verde Extension. Butte Central touched a low of 90c as did Lion Hill at 31c. Utah Metals rose from 82c to 90c. Detailed fluctuations follow.
MENTIONED IN THIS ARTICLE
Asis
Davisaly
Calaveras
Butte Central
la Rose
First National Copper
Verde
Lion Hill
Utah
Metal markets firm as copper rises amid mixed bids
June 11 metal markets show copper firm with gains in bids, tin up, August copper at 45.00 with other futures quotes. London markets report copper spot £65 10s up. tin £208 0s 0d up. lead and spelter modestly up or steady amid thin activity and mixed futures.
MENTIONED IN THIS ARTICLE
Josie Ie
Haveeree
Cookson’s
London
Apt
Market Break Driven by Major Banks Wave of Loan Calls
The Post reports that four of New York's largest banks ordered widespread loan calls, prompting a sharp market drop and a liquidation push. Boston banks echoed the move as Steel and Amalgamated face renewed selling and break below 60, fueling talk of further declines despite a buoyant bargain-hunting mood.
MENTIONED IN THIS ARTICLE
New York
Boston
The
Post
Market Outlook Turns Critical Through Mid July
The period until mid July is seen as the most crucial since 1907 for markets. Supreme Court adjournment on June 14 removes it as a market factor for summer. By July 1 Union Pacific must propose a stock distribution plan for Southern Pacific or risk a court ordered plan possibly leading to receivership for 126.65 million in Southern Pacific stock.
MENTIONED IN THIS ARTICLE
Supreme Court
Union Pacific
Southern Pacific
Circuit Court
Baltimore & Ohio borrows $20 million notes
The Baltimore and Ohio railroad announced a one year 5 percent note issue of $20,000,000 to fund retirements of $11,567,000 Cincinnati Hamilton and Dayton 4 percent notes maturing July 1. Total borrowings this year reach $63,250,000 after earlier 4.12 percent convertible bonds.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio Railroad
Cincinnati
Hamilton & Dayton
Baltimore & Ohio
Baltimore Public Service Commission
Cotton Markets Ease as Rain Clears and Demand Slows
Liverpool cables showed easier selling with spot cotton in good demand at about 12 000 bales. Local market opened near unchanged and slid through the day, weather favorable with rain ending and temps rising. Crop expert Cardill issued a bearish note on the New Orleans Memphis crop, while yesterday’s buyers liquidated absent new pressure. Prices fell about 10 from prior close after a dull session following excitement.
MENTIONED IN THIS ARTICLE
Liverpool
Cardill
New Orleans
Memphis
Bond Market Wavers Amid Big City Bond Activity
The bond market remained unsettled with heavy trading in New York and major issues. Notable entries included Baltimore & Ohio convertibles, Brooklyn Rapid Transit 4s, Rock Island collateral 4s, Interborough Metropolitan 5s, New York Railways 58 adjustments, Union Pact issues, and United States Steel 5s.
MENTIONED IN THIS ARTICLE
New York
Tsone Baltimore & Ohio
Brooklyn Rapid
Rock Island
Interborough Metro
New York Railways Adjustment
Union Pact
United States Steel
Waterfront Fish Prices At Mystic Wharf And Dock News
Steamer and schooner arrivals filled Mystic wharf with haddock cod and mackerel. Prices ranged from 43-4 to 91-2 cents a pound for various fish while loaded vessels reported sizeable hauls including sole scrod halibut and catfish. Several ships docked including the Mary C Santos and Blanche Irving with thousands of pounds of mackerel and lobsters. The North Point sailed from Fowey with china clay and fishermen reported a safe recovery of Daniel O Neil from the Washakie.
MENTIONED IN THIS ARTICLE
Haddock
Cusk
Qwen
Hull
England
Mystic Wharf
Metropolitan Line
Herman Winter
New York
Metropolis
Little Ruth
C. B. Harrington
Nova Scotia
North Point
Fowey
Daniel O’neil
T Wharf
O’neil
Cape Shore
South Channel
Cestrian
Thomas
London
Pier 41
Hoosac Docks
Charlestown
Bond Market Notes in Quincy and Estabrook Contracts
Quincy Massachusetts awarded 42000 at 4 1 2 percent for water and 40000 at 4 1 2 percent for sewer loans to Estabrook and Co. The Wire railroad sold 5 million dollars in equipment trust notes to fund 5000 freight cargo ordered in May.
MENTIONED IN THIS ARTICLE
Quincy
Mass
Estabrook & Co. Aed
Wire Railroad
Shipping News Angles From US and UK Ports
The record lists numerous steamers and barges arriving and sailing with routes from Portland to Newburyport and Philadelphia to New York. It notes ship movements including the Glenean Sydney, Peter H. Crowell, and Sarah L. Davis, plus a notable court testimony on shoe machinery competition involving Sidney Winslow and the United Shoe Machinery Company.
MENTIONED IN THIS ARTICLE
Marengo
Owen
Hull
Eng
Cestrian
Thomas
London
Grecian
Hillary
Philadelphia
Belfast
Curtis
Bangor
Ransom B. Fuller
Dennison
Portland
City of Bangor
Blair
Bath
Massachusetts
Colberth
New York
Gloucester
McDorman
Baltimore
Newport News
Norfolk
James S. Whitney
Crowell
Sosua
Brownes
Santa Marta
Middlesex
Crowley
Valley Forge
Lablich
Draper
Skippack
Manatawney
John T. Donohue
Moon
John
Winstead
Potomac
Newburyport
Lenape
Bennett
Silver Brook
Marion
Monitor
Fulton
Totman
Edwin
Pillsbury
Swimm
Lynn
Florence FE
Melanson
Church Point
N. S
Nile
Thurston
Rockport
Arthur J. Parker
Smith
Weymouth
Grace A. Martin
Wallace
Warren B. Potter
Pierson
Addie M. Lawrence
Gardiner
Bobs
Clementsport
Glenean
Rbr
Sydney
C. B
Joseph W. Fordney
Herman Winter
Calvin Austin
St. John
N. B
Eastport
Bay Port
Portsmouth
Salem
Juniata
Peter H. Crowell
Suffolk
Daniel Willard
Undercliff
Rondout
Edgewater
Binghamton
Reliance
Boxer
Elk Garden
Hampshire
Edwin IL
Charles F. Pritchard
Plymouth
Port Johnson
Mingo
Tamanend
Pocopson
Channing
Sarah L. Davis
Walton
William Jones
Hubbard’s Cove
Helen G. King
Clara A. Marston
Woods Harbor
Little Ruth
Digby
Etta Vaughn
Shelburne
Pochasset
Stockton
C. B. Harrington
Westport
Edward H. Cole
Domain
Shulee
Ella L. Davenport
Savannah
Lillian Blauvelt
Mary I. Cushman
Millbridge
Governor Brooks
United Shoe Machinery pressure in early 1900s industry cases
Louis Harriman testifies about trouble installing his machines in Lynn and Haverhill factories after settlements with United Shoe. Charles Winslow threatens to crush businesses over contract refusals, and testimonies describe United policies blocking independent or pegging machines to protect their own products. A shareholder recalls Winslow boasting of buying out rivals to reduce competition.
MENTIONED IN THIS ARTICLE
Louis H. Harriman
Haverhill Company
W. S. Chase & Co
Lynn
Chase
The
United
Haverhill
Carleton & Hunt
Hunt
Charles S. Johnson
Tripp
Leveller Company
Sidney W. Winslow
United Shoe Machinery Company
Winslow
Johnson
Jeorge H. Clarke
Winthrop
Charles H. Morse
Brookline
C. 8. Fifield & Co
W. J Brackett
Manchester
N. H
Ea Converse
Auburndale
Wisnlow
Godda Sons Metal Fastening Company
United Shoe Machinery faces dissolution charges over threats
Witnesses in a dissolution case in the United States District Court yesterday accuse United Shoe Machinery Company of unlawful acts. They allege threats and demands to discontinue competing machines and withhold additional machines from manufacturers who refused.
MENTIONED IN THIS ARTICLE
United Shoe Machinery Company
United States District Court
Also Mentioned on This Page
Paul Revere ‘Trust Company
Devonshire ST
New York Market
N. Y
Halsey & Co., Inc
Congress St
Lion Hill Consolidated
Eagle & Blue Bell
Lanston Monotype Machine Company
J. Sellers Bancroft
Am Ag
Ss & R
T& T
AT & T F
Atla
Ohio Ae
Beth Steel
Cal Pet Corp
Boston Stocks
dEx
United Verde
Utah Metals
Yukon Eee
Ageenoasi Brass Co
Aweisan Investment Sec
American Linen Co
American Screw Co Ee
Ee el Power
Apsley Huber
Einen Mills Co
Babcock & Wilcox Co
Berkshire Cotton Mills
Bigelow Carpet Co A
Borden’s Milk Com
Boston Belting Co
Butler Bros Wee
bCharlestown Gas & Ei Co
Ae Tire & Rubber
Great Tail Manufacturing Co
Carpet
Heywood Bros & Wakefield
Ee Se Ab
Hood Bhblee Pf
Pubcom
Oswegon Syracuse
Eye
Pacific Mills
Pere Marquette
Pope Reacturing
Sweet
Pratt & Whitney
Regal Shoe Co
Remington Typewriter
Safety Ie Hie & Lighting
Sen Sen Chiclet Co
Stafford Mills
Studebaker Corporation
Union Twist Drill
USL
Tht
Heatth
Utica Chen & Susq Valley Ry
Ee Watchcom
Wamentta Mills
Washburn
BC American
Swift & Co’s
N.Y. Minn
St.Louis
Toledo
Begole
Bohemia Steresee
Calaveras Av
Davie Daly
Booleg Blue Bell
Goldfield
Nevada
Douglas
Manhat Transit
Nevada Hills
South
Braden Copper
Dune Il
MOF Goss Sas
Ossie
Ewes
Metal Markets
State Street
Hi. Ly
United States
Stock Exchange
vuUry
Diwnae
Aes
Sagan
Ama Gg Union Pac Ist
Grose
Ral
Queens
Cuba
A & Co Ar C
Mil & St P
Ae «& Bos
Net & W
Nort & W
T&t
Corp
AT & BF Adj
At&s
Eric Penn
LL & X
Saale
Indiana Steel
Balt & O
Balt & O Co
Kan City
Swn
Kings
Coel & F E Steel
Mene & Ohio
St Louis
Morris & FE
Cen Pacific
EL & i
West Maryld
NY Nile
Heven West Union
Haddock. Coo. Hake
One
Surf
Ripple
Mathew SS. Greer
Mary C Santos
Louise R Sylvia
Progress
Eleanora de Costa
Leonora Silveira
B Pp
Domingoes
Marian
Philip R. Manta
Annie Roley Sicceiiies
Appomattox
Atlanta
Rochester
Blue Bull
Silver Leaf
Booth
T’miskam
Trethewey
Comb Frae
Wettlaufer
Dobie
Tlorence
Dome
Daisy
Dome Lk
F O'Brien
Jim Butler
Hollinger
Jumbo
Jupiter
M'Namara
McIntyre
Midway
Miazpah
Pear Lake
Montana
Por
North Star
West Dome
Alta
Bailey
Beaver
Colo Mag
Buffalo
Crown Pt
Gold Chain
Chamber
City of Cob
Iron Bros
Cobalt Lk
Lwr
Coniagas
Crown Res
Foster
New Hills
Gifford
Opohongo
Gt North A
Prince Con
Hargrave
Ven If
Kerr Lake
McK-Dar
Victoria
Nipissing
Wilbert
Os Pet Lake
Shipping News
George A. Learned
United Company
Charles F. Choate
Learned
Connor
James S. Fowler
Haverhill Shoe Machinery Company
Money Markets
York
Reichsmarks Obs
Chicago Market
Booth Fish
Swift & Co
Ent & Dek
West Stone
Armour Chi Subway
HS & M
Met Fl
C Light
Morris
Tu 'Ogd Gas
SAY United
Philadelphia Market
Ask
Rys
Phila Coe
BRL
Cam Steel
Ob É& P
Phila RT
Phila Trae
Tonopah
Belmont
Lehigh
Pa Steel