State Street Topics Bulls Fade as Balkan Tensions Rise
A brisk but fading bullish session gives way to mixed activity amid Balkan hostilities. St Louis and San Francisco preferred stock slumps to new lows while Rock Island issues slide. United States Realty shows higher earnings but weaker cash, and dividend expectations rise for China and Ray Consolidated. Utah Copper outperforms China on price and earnings. Overall market turnover totals 1.46 million.
MENTIONED IN THIS ARTICLE
Balkan
St. Louis
San Francisco
Rock Island
United States Realty & Improvement Company
Ray Consolidated
China
Utah Copper
Utah
CC &Sl
Deere & Co
DSS& Apt
Lehigh Valley
Loose-Wiles Co
Lorillard Co
Loose-Wiles
Louis Nash Teeee
Manhatn Blev
Msp&s
Nevada
Ont&w
Nor & West
Nor Pac
Penn Eee
Rock Island Pf
Rumely Co
St Lou & Sn F
Sl&sf I
Sl&sf
Sears-Roebuck
South Ry
Studebaker
Studebaker Stand Mill
Eeees
Studebaker Pf
the Texas Co
Tenn Copper
Third Ave
United Cigar
Union Pacific
Bond Market Stays Steady Amid Mixed City Issues
The New York market report notes 1963 4s for Atchison and B&O convertibles, Brooklyn Rapid Transit 4s, and Rock Island collaterals holding steady. St Louis and Francisco issues remain weak, slipping to new low price levels.
MENTIONED IN THIS ARTICLE
New York City
Atchison, and Baltimore & Ohio
Brooklyn Rapid Transit
Rock Island
St. Louis
Francisco
Stock market summary for New York and Boston on date shown
Total sales in New York 153 400 shares and Boston 14 574. Union Pacific led New York with 21 600 and Boston & Corbin led Boston with 1895. Year to date totals January 1 1913 to date New York 34 793 400 and Boston 2 446 662. Compared with last year New York 60 230 600 and Boston 5 615 024. Notable changes include American Snuff up 12 points to 177 in New York and Calumet & Hecla down 9 to 451 in Boston. Call money in New York 2 3 4 to 3 percent, Boston 3 to 3 1 2 percent. Time money New York 3 1 2 to 5 1 2 percent, Boston 4 to 5 1 2 percent.
MENTIONED IN THIS ARTICLE
New York
Boston
Union Pacific
Boston & Corbin
Maine
Calumet & Hecla
New York Market Treads Water as Stocks Drift
New York markets opened slightly lower and sagged into the fore part of the day. Stocks later recovered modestly amid renewed liquidity talk but overall trading remained subdued with declines in Pittsburgh and St Louis San Francisco issues and a cautious tone abroad. The new city bonds traded near 100 and 100 1 8 while bank cash forecasts anticipated a gain of about 5 million.
MENTIONED IN THIS ARTICLE
New York
Pennsylvania
St. Louis
San Francisco Securities
London
New York City
United States
Market Quiet With Mexican Metals Leaders Slipping
The market yesterday was dull with Mexican Metals, Davis Daly and Calaveras leading. Metas weakened slightly while the other two features held strong. Detailed fluctuations follow.
MENTIONED IN THIS ARTICLE
Davis Daly
Calaveras
Metas
Edison Electric stock at three year low as declines deepen
Edison Electric Light Company of Boston falls to 260 from a yearly high, lowest in three years. Indiana Mining Company reports heavy copper encountered in the southeast drift at the 600 foot level. Plymouth Cordage Company subscribes 5000 shares at 150 each with 30 paid Monday in a 1 to 6 ratio.
MENTIONED IN THIS ARTICLE
Edison Electric Light Company of
Boston
The
Indiana Mining Company
New Plymouth Cordage Company
Albany Road to Issue Bonds
The Boston and Albany Railroad Company may issue 3.687 million 50 year refunding bonds to refund 3.637 million maturing Oct 1 1918. The Public Service Commission authorizes the issue and the New York Central and Hudson River Railroad Company guarantees principal and interest.
MENTIONED IN THIS ARTICLE
Albany
N. Y
Boston & Albany Railroad Company
Public Service Commission
New York Central & Hudson River Railroad Company
Reorganization Hopes Rise For Boston & Corbin Copper
A protective committee formed by old bond and stockholders plans a reorganization after failing to sell $150,000 in convertible bonds. They expect a $1.50 per share assessment yielding about $150,000, leaving roughly $100,000 working capital to stabilize the company and likely eliminating President Amster.
MENTIONED IN THIS ARTICLE
Boston
Massachusetts
United Fruit
Boston & Corbin
Amster
Giroux
Alaska
Boston & Corbin Copper Co
Department stores enter municipal bond market boosts sales
A New York department store offered about 100000 of New York city 41-2s in 10.00 denominations at 100125, selling a third on day one. St Paul stores aided distribution of city bonds. Banks show mixed gains with higher reserves, while foreign banks report modest improvement and France remains short on reserves.
MENTIONED IN THIS ARTICLE
New York
New York City
St. Paul
New York Clearing House
Sub-Treasury
Bank of England
Bank of France
Cotton Market Activity Increases Amid Fluctuations May 23
Cotton markets showed heightened activity with numerous price fluctuations. The market opened essentially unchanged, then rose six points before retreating as weekend figures and cooler lows in Oklahoma weighed on prices. Weather improved with clear skies in the Central belt and forecasts of warmer conditions in the West, aiding sentiment.
MENTIONED IN THIS ARTICLE
Oklahoma
Metal markets show copper weakness and tin decline
Copper weak at the metal exchange with tin down a notch and spelter five points lower. Quotes for copper range around 15.3 to 15.4 with various grades and futures for tin, lead, antimony, and iron listed with bid and ask levels.
MENTIONED IN THIS ARTICLE
Hsceracera
Wasi Gssses
Cookson
Northern
Southern
Money Market Conditions Quietly Tight Amid Abundant Short Dates
Money markets show abundant funds for short dates and scarce longer maturities as institutions maintain high liquidity. New York money on call at 2 3 4 percent with time funds ranging from 3 1 2 to 5 1 2 percent for various terms. global rates listed for short dates, six months, and longer loans. Jersey City bids due June 6 for 4 1 2 percent refunding bonds dated June 1 1913 and maturing 1953.
MENTIONED IN THIS ARTICLE
New York
Money On Call
Cinik
VOPR
Sesevac Scienceteearn Us
Boston
Boston Sub-Treasury Credit
Sub-Treasury
Bankers’ Sterling
Reichsmarks
Eeseereer Es Dog Aly Guilderad
Ccceeceseseesensess
Jersey City
Economic Trends Mixed Across Regions in May Market Scan
Bradstreets notes a mixed outlook with Western strength contrasting Eastern restraint. Trade in pig iron shows improved demand but lower prices and weak steel lead times, while copper weakens and collection levels remain barely fair.
MENTIONED IN THIS ARTICLE
New York
Bradstreets
Seaboard
Dun & Co finds trade volumes high but focused on current needs
R G Dun and Co weekly trade review says business remains very large in most branches but limited by lack of new orders for future delivery. Mercantile and industrial conditions are strengthened by the absence of large upcoming commitments.
MENTIONED IN THIS ARTICLE
New York
R. G. Dun & Co
West
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State Street
Stock Exchange
Aniee
Merico
Mil & St
Nott & W
Nyc
North Pacific
Ontario Power
Ori&p
Aol
Allis-Chalmers
Aim Co
Cri&p
Setae Armour & Co
Corp Ls
Ill Steel
Indiana Steel
Eeenee Indro-Met
Ae P «& Sx City
Balt & O BR
Bell T & T Bs
Ne & O
Pacific Col
Balt&o
Tener
Seer
Ms Pacific Rig
Kan City
Balt&Oown
Akbate
Kentucky
Lake
Texas Co
Lavanes South
Lake S
Leena Coz
Minné St Las Union Pac Ist
Ches & O
Power
Yreck
West Shore
Kidder, Peabody & CO
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Wall Street
Travellers International Cheques
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New York Market
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Tel & Tel
Ww&gpf
At&sf
At& HF Pf
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East Ohio
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Chie & NW Pf
Northern Texas Electric Company
Fort Worth
Texas
Commor Capital
Stone “~ Webster
Renesaane
SOO cc Iwkss
Icse Nase
Seaac
ADE
Boston Stocks
T&t
Eeaee Ll
Allouez
Centennial
Chino Ee
Copper Ra
CumCo P & el T Pf
East Butte Seeene
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Fitchburg Pf
General Lec
Geo Elec Pf St
Giroux Ee
Hancock
Sup & Bos
Swift & Co
US Steel
Sneer
US Steel Pf
Utah Apex
Utah Consol Seeee
West End
Wolverine
N. Meh
Ba State Gas
Bohemia
Enna
Ely
Butte Central
Butte
London i
Arizona
Ter
Corbin
Eagle & Bluebell
First National
Houghton Eeeere
Majestic Ee
McKin Dar’h
Ee Metals
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Onie Dom Rets
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Boston Post Road
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the State of New York Banking Department
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Morris Park Race Track
Bronx Borough
Title Ins. & Trust Co
J. Clarence Davies
Bradstreet’s
Dun
City OF Boston Board OF Examiners Building Department
Beacon Street
City of
Board of Examiners
John T. Scully
Thomas K. Reynolds
William H. Besarick
Canada