Stocks Decline Sharply Amid Moderate Volume
Stocks fell again as liquidation persisted with no rally to speak of. The market traded orderly with several issues dropping multiple points, Reading led losses at 94, United States Smelting and Mexican shares slid, and several names hit new lows for the year.
MENTIONED IN THIS ARTICLE
Hom
United States
Mexican Petroleum
Greene- Cananea
Anaconda
Baldwin Locomotive
Crucible Steel
American Locomotive
Central Leather Leads in a Weak Market
In a subdued trading session Central Leather rose nearly two points as investors priced in strong June quarter earnings and a robust treasury position. Atchison posted a May surge with net earnings hitting a May record and 11 month gross earnings surpassing the entire 1915 year, signaling continued strength for its common stock and dividend prospects.
MENTIONED IN THIS ARTICLE
Central Leather
Treasury
Atchison
Remarkable Bank Reserve Increase Amid Market Liquidation
The market downturn prompts focus on a surge in bank reserves as gold imports and Fed cash releases ease money rates. New York bank reserves rose from 56 million on June 8 to 109.5 million by June 24, with loans cut 107 million and deposits down 84 million.
MENTIONED IN THIS ARTICLE
Financial
New York
Federal Reserve System
Canada
Market declines continue on Mexican influence in New York
Last week's liquidation resumed on a broad basis with steady declines and slight late recovery. Mexican situation driven losses across sectors including Corn Products and petroleum while United States Steel and rail issues weakened. Total NY stock sales reached 670,000 shares and bond activity remained heavy with Paris rate firmness signaling a French loan.
MENTIONED IN THIS ARTICLE
United States District Court
Corn Products Refining Company
Supreme Court
Bedford
New York
Motors
Bethlehem Steel
United States Steel
United States Industrial Alcohol
Canadian Pacific
Soo
Union Pacific
New Haven and Southern Railway
Atchison System
Paris
United States
Stock sales totals by city and leading issues
Total sales in New York 684,170 shares and Boston 26,437. Reading 106,900 and Atlantic Gulf 6,809 were the most active in their cities. For Jan 1 1916 to date New York 84,726,666 and Boston 7,276,399. year-ago New York 61,281,700 and Boston 6,331,386. Major gains and losses noted: Inter Harvester 17g to 115, Corn Products pref 8% to 8714. Georgia Electric 214 to 128. Calumet & Hecla 12 to 520.
MENTIONED IN THIS ARTICLE
New York
Boston
Reading
Atlantic Gulf
Inter
Harvester
Georgia Electric
Calumet & Hecla
Boston Market Faces Prolonged Quiet Liquidation Trend
The Boston market mirrored New York with broad weakness across most sectors. Strong starts in zinc issues and a few holdouts could not offset continued selling pressure, as Mexican stocks sagged and several equities slid from recent highs amid beliefs that foreign selling and new flotations drive the ongoing silent liquidation.
Boston Stocks Report From The Sedel Exchange
Boston stocks wrap shows daily high low and last prices at the Sedel exchange with a comparison to the previous closing, highlighting bonds in the market update.
MENTIONED IN THIS ARTICLE
Boston
Boston Sedekxchange
Windsor Vermont Seeks Bids for Refunding Bonds
Windsor Vermont invites bids by 2 pm July 8 for 50000 in 4 percent refunding bonds dated July 1 1916 payable 1000 yearly 1917 1935 and 31000 due 1936 Worcester Massachusetts sells a 1000000 loan dated June 30 due October 26 1916 to Merchants National Bank at 3 8 percent discount President Warren reports shipments of three carloads of gasolene totaling 24000 gallons this week for Pennsylvania Gasolene Company.
MENTIONED IN THIS ARTICLE
Haverhill Gas Light Company
Haverhill
Massachusetts
Stone & Webster
Windsor
Worcester
Mass
Merchants National Bank of Worcester
Warren
Pennsylvania Gasolene Company
Also Mentioned on This Page
Reo Motor Car Co
Chalmers Motor Car Company
Page-Detroit Motor Car Company
Hupp Motor Car Company
Chandler Car Company
Sterling-New York
Joseph A. Anglada
Westinghouse
Standard Oil Company
Anglada
British Empire Motors Limited
England
Norway
Sweden
Australia
Cuba
Porto Rico
South American
Sterling Auto Manufacturing Company
New York State
Duncan, Dowd & CO
Wall St
Sterling Auto Mfg. Co
B.P.J
New York Market
Shawmut Bank
Reece Button Hole Machine Company
Francis A, Rhea
Francis A, Shea
Island Creek Coal Company
F. Batchelder
F. W. Batchelder
United Fruit Company
John W. Damon
40 Exchange Place
Dan
St Sadécaceve Une
Ril
New York Stock Exchange
Adams
Hide & L
Smelt & R Pf
Tel & Tel
Assoc
Atch To & I
Baldwin
Atch
To & SF
Ohio
Leathe
Ee Enee
Chandler
Chili Cop Co
R I & Pac Ry
China Co ‘Oe
CCC & I Pf
Cluett Peachy
Col Fuel & Iron
Lt & P
Denv & Anne i
Detroit
Goodrich BF Co
Lake Erie & W
Erie & W Pf
Lee B & Tire
Butte & Superior
United Fruit
United Motors
Gaston, Williams & Wigmore
Chevrolet
Okanagan Valley
British Columbia
Canadian Pacific Railway
Dominion of Canada
Prairies
Sicamous
Penticton
Kettle Valley Railway
Kettlealley Railways
Washington Street
F. L. Sturdee
Hotel Incola Penticlon
Kan & Tex
Nat Biscuit
Cloak & 5
Bn & St
Sao N .Roo Brake
Nevada
Nye & Stee
Nor Southern
Nor & Weta
Nor
Nor Pacific
Nor Ohio E & i
Penn
Philadel Co
Pitts Steel
Ry St
S & St
Rumely Co
Seaboard Air L
Sears-Roebuck
Exas Pacific
The
Texas Co
Union i
Union Pac
UN Ci
Uni
U S
Utah Co
West Union Aryland
Wil-Overland
Wil-Overl
Wil Centra
Woolworth
Woolworth Pf
Daly West
East Boston
Tsee
North Ag
Nipissing
North
Old Dominion
Rutland Pf
St Mary's Een
Shannon
U S Steel
Utah Apex “Se
Utah Consol Heeaae
Utah Cop Co
Utah
Esanetee
Pepeee
Hse
Wester Union
Eeeee
Wolverine
Sernene
Boston Stocks
T & T Fe
Gulf
Swift & Co
West T & T
Alaska
Algomah
Arizona
Gulf Pf
Bos
Bos & Maine
Butte Ballak
Oslo
Molden
Oil and
Oklahoma
93-U
Jones & Baker Stock Brokers
Devonshire Street
Fort Hill
NW. Y
Philadephin
Chicago
Universal Oil & Gas Co
Pittsburg, Pa
Universal Oil & Gas Company
Charles A. Day & Company
State Street
Continental Gas & Elec. Corp
New Jersey Gas & Elec. Co
Miami Gas Co
Utah Valley Gas & Coke Co
Missouri & S. E. Utilities Co
Requ PW. Brovks & Incorporated
Broadway
F. F. Ames
Milk St
Best
M&nj&m1
Ion
Tomorrow
Boston Post
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