Wall Street Market Tone Turns Heavy and Lifeless
New York June 6 heavy tone described today's stock market with a hesitant, lifeless drift. Losses were not large but a sagging trend persisted amid weak public interest and awaiting the government crop report. Some steel prices fell while copper improved and American Tobacco shares recovered modestly on the curb. Total sales par value $5,046,000. United States 2s and 4s declined 4.
MENTIONED IN THIS ARTICLE
New York
Tn Financial
American Tobacco
United States
Stock Market Mixed as London Drops and U.S. Edges Higher
Reciprocation hearings wrap before the senate committee. A Subway conference committee drafts a report amid speculation of a compromise. Governor Dix warns of an extra session if an income tax amendment fails to reach the assembly. Eight more trust companies join the clearing house. Cotton exchange votes for the regulars against reforms urged by the commerce and labor department.
MENTIONED IN THIS ARTICLE
Dix
Assembly
Cotton Exchange
Department of Commerce and Labor
New York Bond Sales From W E Hutton Ledger
A dense list of bond prices and yields from a New York market page shows various securities including railroad and utility issues. References include Pac Tel, Reading, Denver and Rio Grande, and Pennsylvania lines with noted par values and percentages, highlighting broad activity and range of offerings.
Bank cashier honored on fiftieth birthday at Hotel Alms
William H. Krapp, cashier of Home Savings Bank, was feted at a Sunday event led by his brothers. Guests included family members and Krapp associates. Other notes mention bank consolidations, new charter filings, and corporate bond and stock activity across several states.
MENTIONED IN THIS ARTICLE
William H. Krapp
Home Savings Bank
Alms
W. H. Krapp
George W. Krapp
Emma Krapp
Harvey E. Krapp
Christopher and
Clarance Krapp
Bonds Sold as Morgan & Co Announces $10 Million Rail Issue
J P Morgan & Co disclosed that 10 million dollars of Louisville & Nashville Railroad bonds for the Atlanta Nashville and Cincinnati division have been sold. The 4 percent gold bonds were announced yesterday. Cincinnati representative L A Burrell of Sharon Steel Hoop company departed for Pittsburgh and Sharon for a week. The Columbus Retail Merchants' Association forms a headquarters with George W. Gillette in charge to build a universal credit system and aid charity advertising. The Ohio Bankers group printed Frederick W Kent's May 27 Country Club address for distribution. W E B Knap serves as cashier and Margaret Wand as assistant cashier at the First National Bank of Morrow Ohio.
MENTIONED IN THIS ARTICLE
George Schraffenberger
Cincinnati
American Institute of Banking
Rosskopf
Charles W. Dupuis
National Reserve Association
Frederick J. Mayer
Fifth-Third National Bank
Glasgow
Kentucky Bankers’ Association
L A. Burrell
Sharon Steel Hoop Company
Pittsburg
Sharon
Retail Merchants’ Association of Columbus
George W. Gillette
Kilbourne-Jacobs Manufacturing Company
Group No. 1
Ohio Bankers’ Association
Frederick W. Kent
Bankers’ Trust Company of New York
Country Club
W. EB. Knap
Margaret Wand
First National Bank
Morrow
Ohio
London Market Rushes as Bank of England Buys South African Gold
London reports abundant money supply with discounts easy the Bank of England absorbed most of 3 750 000 in South African gold at 77 94 per ounce trading subdued on the stock exchange Consols fall while home rails rise on expected traffic gains foreign securities and mining shares show solid demand rubber and oil stocks strengthen American securities open steady then move irregularly toward Wall Street Canadian Pacific Atchison Southern Pacific and Union Pacific gain and close firm most other listings steady bar silver at 244d per ounce money rate 1 4 to 1 1 2 percent discount short bills 2 to 2 1 16 percent long terms
MENTIONED IN THIS ARTICLE
London
Bank of England
Stock Exchange
Wall Street
Canadian Pacific
Atchison, Southern Pacific
Union Pacific
M. Amal
Sree B&o
Wabash
Grand Trunk
Illinois Central
Metal market report: copper lead and tin prices dip and hold
Weathered by June reports from St Louis and New York show copper trading around 11.85 to 12.05 a pound on spot and near term futures. Lead ranges 4.40 to 4.50 in New York, with Spelter 5.35 to 5.40, while tin bids hold near 47.75 to 48.75 a pound with monthly prospects. London prices are steady to easy across metals. imports and exports ship tonnages noted. Locally, iron and foundry ore show quiet activity with No 1 and No 2 Northern and Southern grades priced between 14.75 and 15.50 per ton.
MENTIONED IN THIS ARTICLE
P. Bla
Jasben
Sabes E Lewis
Ds Engh
Usis
ST. Louis
New York
London
Custom House
East St. Louis
Cookson
Cleveland
Northern
Southern
Availability of Grain Supplies Across Regions
Special cable data show changes in grain stocks compared with prior counts. Wheat in the U S east of the Rockies rose 584 009 bu while Canada fell 850 000 bu and total U S Canada declined 286 000 bu. Overall American and European supplies rose 3 134 000 bu to afloat for Europe up 3 400 000 bu. Corn in the United States and Canada up 1 831 000 bu. Oats in the United States and Canada up 669 000 bu. Noted decreases include Manitoba 139 000 bu Chattanooga 12 000 bu Chicago private elevator 107 000 bu Louisville 56 000 bu.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
United States
Rockies
Canada
Europe
Chattanooga
Chicago
Louisville
Copper mining stock list shows mixed bids and dividends
Boston markets compile a list of mining companies with varied bids and yields. Notable figures include Amalgamated Copper 67 percent, Nevada Consolidated 194, Nipissing Mines 107, Mohawk 47, Utah Copper 47, Superior 233, and United States Smelting and Mining 37 with several dividendAdjustments and odd listings across a broad slate of copper and related mining interests.
MENTIONED IN THIS ARTICLE
Boston
Allouez
Amalgamated Copper
American
Arizona Commercial
Atlantic -6
Cork
Butte Coalition
Calumet and Strona
Seon
Solidat
East Butte Copper Mine
Franklin
Giroux Consolidated
Granby Consolidated
Greene Cananea
Energy
Kerr Lake
Lake Copper
La 1
Miami- Coupe
Mohawk
Nevada Consolidated
Nipissing Mines
North Butte
North Lake
Old -Co- Copper
Quivey
Sannoe
Superior
Superior and
Pittsburg Co
Tamerack
United States Smelting
U © Gated
Utah Copper Co
Winona
Wolverine
Money Market Becomes Steady With Mixed Bond Signals
New York reports money on call steady around 2 3 2 percent with time loans dull yet firm. Ruling rate at 2 percent and prime mercantile paper in a narrow 2 3 percent range. Sterling steady with bankers bills at 49 9 to 49 86 for six day bills and 48 5 for demand. government bonds weak and railroad bonds showing irregular activity.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exc
Bankers
Testimonial Dinner For Ault Balch Will Be Informal
The Business Men’s club hosts a testimonial dinner Friday with toastmaster President Walter Widhgar. Speakers include Edward Colston Vice Mayor John Galvin Frank H Sheffer John E Bruce John Uri Lloyd L A Ault and George R Balch.
MENTIONED IN THIS ARTICLE
Business Men’s Club
L. A. Ault
George R. Balch
Walter Widhgar
Edward Colston
John Galvin
Frank H. Sheffer
John E. Bruce
John Uri Lloyd
Cotton futures rise as weekly weather report bullish
New York and New Orleans reports describe slight opening declines followed by steady to firm closes as bullish weekly weather data indicate dry heat across the cotton belt. Trading shows fresh buying for new crop months and short-covering amid gains in July to December futures and firm spot prices.
MENTIONED IN THIS ARTICLE
New York
Carolinas
New Orleans
Houston
AUBUS
Liverpool
Ohio Secretaries Reports New Articles of Incorporation
Special Dispatch from Columbus notes the Ohio secretary of state issued articles of incorporation for several firms. Cleveland Electric and Machine Manufacturing Co. is set at 25000 dollars with listed organizers. Continental Agency Co. of Cleveland 15000 dollars with named backers. George J. Gilsdorf Co. of Toledo 10000 dollars. Grand River Valley Realty Co. 10000 dollars. H Guy Butcher Co. Urbana 5000 dollars. American Drying Machine Co. 50000 dollars. Westlake Machine Co. Toledo update from 10000 to 20000. Scott Roofing and Manufacturing Co. 10000 from 50000. Guernsey Times Co. Cambridge 30000.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Columbus
Cleveland Electric and Machine Manufacturing Company
Cleveland
S. J. Schwenger
Adolph 8. Klein
August H. Bender
Ben Fault
Alonzo Manhard
Continental Agency Company
W. H. Hasselman
H. J. Osborn
C. F. McConnell
H. B. Davis
E. M. Fisher
George J. Gilsdorf Company
Toledo
George J. Gilsdorf
Grand River Valley Realty Company
Charles B. Robinson
Lord Edgert
C. R. Kraus
J. H. Martindale
Joseph Morgenstern
H.guy Butcher Company
Urbana
H. Guy Butcher
American Drying Machine Company
William Miller
Westlake Machine Company
Eee
Scott
Guernsey Times Company
Cambridge
Treasury statement shows cash balances and year deficit
At start of business today the U S treasury reports working balances of 25 9 million in treasury offices and 34 338 million in banks with the Philippine treasury. General fund totals 86 68 million. Receipts yesterday were 1 112 million with disbursements 2 083 million. Year to date surplus stands at 9 078 million versus a 19 454 million deficit at the same time last year. Excludes Panama canal and public debt movements.
MENTIONED IN THIS ARTICLE
Washington
United States Treasury
Treasury
Philippine Treasury
Foreign bourses show dull trading and irregular prices
Berlin reports dull and irregular bourse trading with London exchange quoted at 20m 44page for checks. Money at 3% and private discount rate at 6 percent. Paris notes generally firm bourse with three percent rentes for the account and London exchange quoted at 83f Wiscl for checks.
MENTIONED IN THIS ARTICLE
Berlin
Exchange
London
Paris
High Bid Fails To Get Stocks On Dull Trading Day
Cincinnati bankers report clearings at 4.103 million with modest New York and Chicago exchanges. Procter and Gamble leads on a thin buying mood as Nasdaq like activity wanes and Columbus gas rates spark brisk trade in preferred shares.
Unclear Financial Listing Starts With Union Trust Notation
Recent OCR fragment shows Union Trust references with numbers and stock-like notations. Walnut appears with numeric values 121 714 130 e001 130 149 across entries. Oak L.p 8 and play references to C.147 153 ind and Ref. Co.125% 149 Do pref 9 91.
Coffee futures open quiet with slight decline in New York
New York on June 6 reports a quiet coffee futures market with a 2 to 3 point drop on light selling and no buyers. Close was steady with minor gains and 5,000 bags traded, prices listed for June through May futures, with spot No 7 coffee at 12 15 16c and Santos No 4 at 130 as mild coffee remains dull.
MENTIONED IN THIS ARTICLE
New York
Havre
Hamsburg
Rio
Jundiahy
Jnst
Export cotton goods sales to China reach 2000 bales for Sept
New York reports export goods sales to China totaling about 2000 bales for delivery through September. Cotton markets remain steady and quiet with only slight activity in inquiries. Men’s wear and English spring suiting lines are steady at year ago prices.
MENTIONED IN THIS ARTICLE
New York
China
Burley Market Sags as House Sells Hemp Lots
Louisville reporters note the Pickett house sold 16 hogsheads of new Burley at about 4.3 dollars per unit and 15 hogsheads at 4. Ork Pete Oan Ma not. The sellers moved 17 hogsheads at 4.40 to 17.80. Market remains very bad.
MENTIONED IN THIS ARTICLE
Louisville
Pickett House
New Burley
Ork
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Gettysburg
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Gibson & PerinCo
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the Baldwin Company
W. 4Th St
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PT Ter Braac
Fleischmann Company
Chas. J. Christie
Columbus Gas & Fuel Company
G. C. Scott
OTT
Deiat
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P & Wade
San
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T. B.G
E- Seelonees St
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