Stock Market Sees Irregular Day Amid Sugar Trust News
Irregular price movements marked yesterday's stock market session as professionals held back and the market swung without a clear trend. Sugar Trust dissolution proceedings pressured prices, while gains in Consolidated Gas Reading Union Pacific and American Telephone supported a firmer late-day tone.
MENTIONED IN THIS ARTICLE
London
Sugar Trust
Consolidated Gas
Union Pacific
American Telephone
Western Union
Bank Rate Up to Four Per Cent in Britain and Copper Strike Details
The Bank of England raised the discount rate to four per cent, the first change since June nine, with seven rate moves this year dating back to January. Reports also confirm a rich copper strike at the Mazatan Mining Company with ore bodies of high copper content in the tunnel and surrounding drifts, plus gold bearing quartz elsewhere.
MENTIONED IN THIS ARTICLE
Bank of England
Mazatan Mining Company
Local Market Dull Session With Mixed Stock Movements
The local stock market extended its dull run with Amalgamated leading gains on New York orders. Ray Consolidated Butte Coal Franklin and Smelting rose modestly while Sugar common weakened sharply, and Massachusetts Electric showed persistent strength. Close featured Sugar common firm as others posted minor advances and varied near midday to close.
MENTIONED IN THIS ARTICLE
Amalgamated
New York
Ray Consolidated
Butte Coalition
Franklin
Massachusetts
Henderson & Howes Firm Dissolved Joined by Henderson
Henderson & Howes brokers dissolve their partnership and will be carried on by E V Henderson. J Minot Ford joins the local curb exchange firm H A Brown & Co in a new association.
MENTIONED IN THIS ARTICLE
Henderson & Howes, Brokers
E. V. Henderson
J. Minot Ford
H. A. Brown & Co
Boston Curb Market Faces Sharp Decline in Ely Central
The Ely Central cracker sparked a selling wave on the Boston curb market with prices collapsing from 51 cents to 16 cents and closing at 27 cents amid short covering. Rawhide Coalition fell to five cents from 11, while other issues like Cactus Copper Chino and Calaveras moved with the market. Nevada Douglas traded 17 8 to 2, near a prior low of 13 4 as fluctuations dominated the session.
MENTIONED IN THIS ARTICLE
Ely Central
Rawhide Coalition
Cactus Copper
Chino
Calaveras
Nevada
Douglas
Arizona Cananea
Arizona
Bay State Gas
Boston Ely
British Columbia
China Tea Eee Eee 18% 18% 18% 18134 100 Cons Arizona 1% 1% 1%, 230 Corbiner Aly
AO Cortez
Davis Daly Eat
Vestebeeke
Tom Syndicate
Ely Centre
Goldfield Cons Cash RT
Kruger Steenw Eee
Inspiration
BAD Laramie
la Rose
McKinley Car
Mackinaw Eee
Majestic
Mason Valley
Ariz Cananea
Davis Daly Seer
Ely
Giroux Ene
Freene Eg
Kerr Lake
OM Ds Ar. Ae
Tue Ke Uu
Miami
Ney U M
Union Mines
Yukon
O'S
Bond Market Notes United States and New Jersey offerings
Lee Higginson & Co were the successful bidders for the City of Chicago sanitary bonds at 98.78. Drexel & Co and J P Morgan & Co bought 4 million in Public Service Corp of New Jersey collateral three year 5 per cent notes secured by 5 million in general mortgage bonds. Braden Copper plans 2 million second convertible 7 per cent bonds and stock increase to 2.4 million shares on Oct 8, with half the bonds issued at once and underwritten by Eugene Meyer & Co. Shareholders will be offered bonds at par. Altoona, Penn awarded 260,000 four per cent semi annual 20 to 30 year optional improvement series 190 bonds to A B Leach & Co for a premium of 31300.
MENTIONED IN THIS ARTICLE
Boston
T& T
Ariz
Atlan Gulf
Gor
West T & T
Bos & Albany
Bos & Lowell
Fitehb
Pennsylvania
Seeee
Union Pac
West End
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Voee
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Franklin
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Nevada
North Butte
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Shannon
Shat-Aziz
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Trinity
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Boo
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Eon United Shoe
Ee Bae
U 5S Steel Wen Wee
Algomebh
Butte Ballaka
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Viroux
Wwe
Hancock
Helvetia
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North Lake
Sup & Bos
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Swift & Co
Coal & ON
Boly
Pacific
Ohio
Erie
Fred M
Iowa Central
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Louis Nash
Long Island
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TOTA
Manhat Eley
MSP & SS M
He&u
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PCC& St L
Pitts Coal
Rock Island
L Southw
South Pacific
South Ry
Twin City RT
Union Pacific
Tn Pac
I S Steel
U $ Steel
Utah
West Maryland
West Union
Westinghouse Ve
Wis Central
Drexel & Co
J. P. Morgan & Co
Public Service Corporation of New Jersey
Braden Copper Company
Eugene Meyer & Co
New York
Altoona
Penn
A. B. Leach & Co
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Reading
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William E. Soule
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Mining Review
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THE
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