Wall Street Closes Higher Amid Democratic Pause and Stock Gains
On June 28 in New York stock prices rose across most sectors as traders priced in a prolonged Democratic convention pause and potential indecisive ballot outcomes. Tobacco, General Electric, Republic Iron and Steel, and rail and traction stocks led gains while wheat fell on weather and short-covering dynamics. Ontario and Western suspended dividends amid coal strike losses, and bank reserves edged lower with increased loans ahead of half-year disbursements.
MENTIONED IN THIS ARTICLE
Commercial Tribune
New York
Baltimore
Wall Street
General Electric
Republic Iron and Steel Shores
Brooklyn Rapid Transit
Republic Iron and Steel Company
Erie
Chesapeake & Ohio
Louisville & Nashville
United States
Canadian Northwest
Union Pacific
Southern Pacific
Ontario & Western
Sterling Exchange
Europe
P. C
Aveseepeaeres
Atlantic Coast Line
Xeaiaheds Ae
Baltimore & Ohio
Saia
ARERA
Ohio
Chicago & Alton
Chi Great Western
Vecaweese Ressieaeens
Chicago
Northwest
E & St. Tence Seeslesevad
Colorado
Delaware & Hudson
Denver
Rio Grande
Ernest Ebnee
Seecelocsc
Jeter
Louis
Intourt
Kansas
Texas
St. Marie
New York Centra Ae
Ontario
Norfolk & Western Pee
Pennsylvania
C. C
Lee
Southwestern
Southern “Pacific
Southern Railway
Sete
Mairetad & Pacific Settee Weereenves
Toledo
Maryland
Wheeling & Tale
Otis
Wisconsin
Entral
Svinge
Seeen
Ican
Ioe Securities
American Steel Foundries Ee
American Telephone and Telegraph
American Tobacco
Ian Woolen
Te Onda Mining Co Ween
Ox Lehem Steel
Eteleneesel Ewe Wee Leeeeesleseees
Ee Dees
Staveratiseskotee Rtsbatn
Chiprada Fuel and Iron
Bonseres Adhibes
Vetheslecaves
Inter-Harvester Eee
Medeor Petroleum
Weta Cael Oo
Isc ci
Peeve Steel Pewee
AIIM
Storms PH Rod Een
Colorado Southern
Mohawk Mining Company
Corn Products Refining Company
Ontario & Western Railway
London Stocks End Settlement Quiet After Realizations
Money in good demand and discount notes easy as stock market stayed quiet and irregular. British shares and several sectors declined on profit taking while American securities remained featureless. late trading saw Erie and United States Steel bid up and closing prices steady.
MENTIONED IN THIS ARTICLE
London
Erie
United States Steel
New York
New York Port Trade Totals For Week Ending June 22
Imports of merchandise and dry goods at the port of New York for the week ending June 22 were valued at 15 304 209 dollars. Imports of specie for the week ending today totaled 55 907 silver and 1 425 372 gold. Exports included 1 369 613 silver and 4 977 591 gold.
MENTIONED IN THIS ARTICLE
New York
New York Bond Market Activity and Notes
The report outlines diverse bond offerings and prices across multiple U.S. rail and utility issues. It lists bonds from Chesapeake and Ohio, St. Paul, Erie, and other rail lines with yields ranging from about 6% to over 10%. The totals imply a broad trading day with varied coupon rates and par values, including notes on copper receipts and naval shipping securities.
Markets Hold Firm Amid Waiting Mood After Conventions
Cincinnati reports strong bank clearings at 4 749 700 with improved money demand for mortgage and real estate loans. Street activity steady. New York exchange scarce as investors await convention results and July open.
MENTIONED IN THIS ARTICLE
New York
Cincinnati
Cincinnati Edisons
Union Light, Heat
Columbia Gas and Electrics
Cincinnati Gas and Electric
Champion
Meischmann
Globe-Wernicke
Kroger
Philip Caref
Procter & Gamble
United States
Erlanger
Unclear OCR listing of financial terms and institutions
Fragmentary OCR text lists pref notes and trust references with place names such as City Hall Cosmopolitan Courthous Cov. Trust and First National banks in various locations. Hard to determine a coherent event or narrative from the fragments.
MENTIONED IN THIS ARTICLE
Cin. Trust
City Hall
Cosmopolitan
Courthous
Columbia
Grain exports rise as Wheat and Corn show weekly gains
Visitors to the Chamber of Commerce floor included Ralph Mack Waldo Ruff Hamilton Ohio Charles Woods of Duluth and H T McCullough of Santa Cruz. Bradstreet reports show wheat exports for the week at 3 187 531 bushels and corn at 149 635 bushels with year to date totals rising from 122 874 761 to 172 396 049 bushels for wheat and from 50 254 817 to 33 381 239 bushels for corn. Guests at the Business Men's club included Frank Smith Memphis Charles Thirkield Franklin J W Gilliam San Antonio Albert H Tuttle William Schofield W W Orr and E H Voight.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
Ralph ,Mack and
Waldo Ruff
Hamilton, O
Charles S. Woods
Duluth
Minn
H. T. McCullough
Santa Cruz
Cal
Bradstreet
Business Men’s Club
Frank Smith
Memphis
Tobacco Market Improves With Strong Friday Bids
The Burley tobacco market rallied on Friday with firmer bidding and satisfactory prices for shippers. Buckeye Bodmann Globe and Farmers and Shippers warehouses reported varied lots and prices from $4.70 to $20.50 depending on quality and lot size.
MENTIONED IN THIS ARTICLE
Burley
Buckeye
Bodmann
Globe
Rail labor wrap ends as arbitration eyed in Pennsylvania
Western freight handlers' strike concluded. Pennsylvania railroad seeks arbitration with employees. Vanderbilts, Pennsylvania and Baltimore & Ohio plan to buy West Side Belt at a receivers' sale, blocking other roads into the Pittsburg district. Soo Consolidated Exchange to trade at 9:30 a.m. Berlin half-year settlement expected smooth. Banking syndicate to finance Wabash reorganization must provide 36 million. American stocks in London fall heavily.
MENTIONED IN THIS ARTICLE
Vanderbilts, Pennsylvania and Baltimore & Ohio Railroad
West Side Belt Railroad
Pittsburg
Wabash
Treasury Balance and Surplus Report for June
At the start of business the United States treasury showed a working balance of 78,757,126 in treasury offices and 36,624,520 in banks and the Philippine treasury. The general fund total stood at 146,594,694. Receipts yesterday amounted to 4,737,589 while disbursements were 927,913. The year to date surplus was 15,807,240 versus 20,944,568 at the same point last year. These figures exclude Panama canal and public debt transactions.
MENTIONED IN THIS ARTICLE
Washington
United States Treasury
Treasury
Banks
Philippine Treasury
General Fund
Steel prices rise as United States Steel raises bar and plate costs
The United States Steel corporation announced a price increase for bars plates and structural steel in New York on June 28. Bars now cost 125 per 100 pounds and plates and structural iron 120 per 100 pounds following earlier independent rises.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Local fiscal notices and stock market figures from Cincinnati area
Local and regional financial notices cover wage and rate cuts in postal service territory and Canada effective July 1. Highlights include rate reductions in Kentucky West Virginia and Indiana, plus Canada. Stock market totals from New York and bond activity are listed, with bank taxation discussions in Columbus.
MENTIONED IN THIS ARTICLE
Postal Telegraph Company
New York
Canada
Kentucky
Maysville
Elizabethtown
West Virginia
Charleston
Indiana
Anderson
Auburn
Crawfordsville
Cincinnati
Alberta
Ohio National Life Insurance Company outlines policy changes
Following the death of President C. C. Lemer t, management passes to Vice President T. B. Palmer as directors express full confidence. The company gains attention in insurance circles with its O N L I magazine edited by W. J. Tobin. Business grows to about $2,000,000 yearly with a steadily increasing agency force.
MENTIONED IN THIS ARTICLE
Ohio National Life Insurance Company
C. C. Lemert
T. B. Palmer
The
Ohio National
W. J. Tobin
Comany’s
Paris and Berlin stock markets show firmer notes and slight declines
Paris on June 28 reported a heavy tone on the bourse with prices closing slightly lower. Three percent rentes traded near 92 1/2 for the account and London exchange at 2 1/4 to 23 1/2 for checks. Berlin on June 3 reported active American re gers and firmer prices with London exchange at 2 1/2 to 46 for checks and settlement money at 5 1/2 percent.
MENTIONED IN THIS ARTICLE
Paris
Exchange
London
Berlin
Exchai
Trade shows hopeful first half year and steady prospects
R G Dun & Co reports the first half of the year shows real gains in industrial activity and improving business confidence. Banking, rail, steel demand and dry goods trade are positive though leather soft, New England shoe orders steady, and overall exports and retail trade strong. Market quiet with New York losses offset by gains in outside cities.
MENTIONED IN THIS ARTICLE
New England
Cotton goods markets steady as Russian wool lifts carpet prices
In New York on June 28 the cotton goods market remains firm with decent business in print cloths convertibles and domestic staples. Russian wool markets rise 10 to 15 percent and are expected to push carpet prices higher. Jobbers note fair mail trade from retailers.
MENTIONED IN THIS ARTICLE
New York
New York Mining Prices Roundup
New York mining notes for June 28 list prices and offerings for several mines and metals including Alice 1.50 Comstock Tunnel stock .10 bonds .15 Con Cal and Va .51 Iron Silver 1.50 Leadville Con .10 Little Chief .05 Mexican 2.65 Onta 1.75 Ophir 1.10 Standard 1.00 and Low Jacket .35.
MENTIONED IN THIS ARTICLE
New York
Comstock Tunnel
Con. Cal
Leadville
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