Financial Markets Close Weak Amid Profit-Taking Rush
Stocks finished near session lows as profit taking and short selling pressured most active issues. Readings show declines across Amalgamated Copper, American Smelting, Reading, Union Pacific, and Rock Island with Rock Island collateral bonds dropping sharply amid unfounded financing rumors. Money rates firmed briefly while overall market liquidity remained easy, and the London and Paris banks reported reserve and gold movements. The cotton market cooled after Wednesday’s rally with irregular closes, and cereals edged up modestly with wheat up fractionally.
MENTIONED IN THIS ARTICLE
Bears
Amalgamated Copper
Brooklyn
Bank of France
Bank of England
New York Stock Exchange Trading Snapshot
Trading page data from Thursday August 13 1993 shows scattered prices and percent changes across several securities. Figures like 10 percent 139 and 105 percent appear amid a jumble of bid and ask indicators and ticker snippets.
MENTIONED IN THIS ARTICLE
New York
Stoge Exchange
Railroad Earnings 1908 Mixed by Line and Region
Rail lines report mixed earnings for June and July 1908 with several carriers posting decreases from 1907. Figures cover Canadian Northern, Central of Georgia, Detroit & Mackinac, Grand Trunk, Southern Railway and others, including net, gross and surplus data for the quarter and year.
MENTIONED IN THIS ARTICLE
Central OF Georgia
Chicago
Indianapolis
Lousy Ee
Detroit & Mackinac
Duluth
South Shore & Stuants
Louisville & Nashville
Minneapolis, ST. Paul & Sault Str. Marie
Mobile & Ohio
Southern Railway
Toledo
AN &Western
Copper Range Railroad Company
Nashville
Chattanooga
ST. Louis
S- Arar
Oneida Railways
Vanderbilt Trolley
Albany
Syracuse Rapid Transit Railway Company
Utica & Mohawk Valley Railway
NEW York & New Jersey Telephone
United States
Bay State Gas Leads Curb Market Slump Amid Yukon Day Echoes
Outside securities show broad decline with Bay State Gas driving early volatility. Copper and silver stocks retreat as the market closes near day’s lows. Nevada Consolidated and Butte Coal rise on thin trading amid mixed closures.
MENTIONED IN THIS ARTICLE
New York
Boston
BAY State Gas
Lawson
la Rose
Nipissing Goldfield
Cons. Cole
New York & Boston
J. ‘Anomas, Reinhardt
Mac K
Broad ST
N.Y
Stock Exchange
Bay State
Yukon Gold
Butte Coalition
Nevada Consolidated
Closing quotations for government bonds and stocks
The column lists bid and asked quotations with no transactions, detailing prices for numerous securities. It includes government bonds, railroad and industrial stocks, and utilities with various bid and ask figures, reflecting a quiet trading day.
Calendar for Today Books Close
Minneapolis St Paul and Sault Ste Marie Railroad sets calendar for today with books closing. Officials remind customers and staff of cutoff times and changes to service schedules and ticketing.
MENTIONED IN THIS ARTICLE
Books Close
Minneapolis, St. Paul
Money On Call Rates Move Slightly Higher In Exchange
Money on call on the Stock Exchange shows a minor uptick with loans centered at 1 percent and most day's transactions at 1 percent. Time money ranges from 2 percent for sixty days to 3 1 4 for six months, while mercantile paper sits around 3 3 4 percent for short terms and 5 percent for longer notes. Clearing House reports exchanges at $290.9 million with balances near $13.8 million. local banks show gains versus last Friday. Sterling and continental exchange quotes are listed with dated and cross rates across several centers.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile Paper
Clearing House
Stb- Treasury
Sterling Exchange
Reichsmarks
New York
Boston
Chicago
St. Paul
St. Louis
New Orleans
San Francisco
Silver Quotations and Mexican Dollar Prices
Bar silver in London quoted at 4 1 16 dollars per ounce and in New York at 52 cents Mexican dollars at 45 cents.
MENTIONED IN THIS ARTICLE
London
New York
Short Term Notes Bid and Asked Prices at Close
The bid and asked prices in principal short term notes at yesterday’s close show varied yields. Notable items include American Telephone & Telegraph gold 5s January 1913 at 100%, Atlantic Coast Line gold 5s March 1910 at 100%, and Interborough Rapid Transit gold 6s at 97% to 97%. Other issues include Chicago & Western Indiana 5s July 1909 near 100%, Chesapeake & Ohio Ry 5s July around 100%, and New York Central gold 5s February around 100%.
MENTIONED IN THIS ARTICLE
Niis-Chalmers
Chalmers Pt
Aes & Foundry
Am Car
Cotton
SU Woo Eer Linn
Am Express
Am Hide & Leather
Hide & L
Bik
Ice Securities
Alalt
Smelt
Sigu
R. Sen
Atlantic Coast
Baneshh
Jiy
Ohio
Baltimore
Batopilas Mining
Bethlehem Steel
Brooklyn
Union Gas
Canada
Canadian Pacific
Central Leather Co
Chesapeake & Ohio
Bison
Great Western
West
Mil
St. Paul
Chi
M. & St. Paul
Northwestern
T. F
Sta
St. Louis
Col
Fuel & Iron
Colorado Southern
Colorado South
Colum
Sy Consolidated Gas
Delaware & Hudson
Den
Rio G. Pf
Erie
General Electric
Great Northern
N. Cts
Havana
Illinois
Kanawha
Michigan
Kan
City South
ATS
Louisville & Nash
Mackay Cos. Pf
Manhattan
Minn. & St. L. Pf
ROG
Nat. Enam. & Stamp
Nat. Enam
Nat. Lead Co
Nat. Lead Co. Pf
Newhouse M. & S
New York Central
N. Y
N. H. & Hart
Ont
Pullman Company
Rep
Iron: & Steel
Iron & Steel
Eaeee Ae 1814
Rock Island. Co
Rock Island _Cam
Sloss-Shef
Tennessee
Texas & Pacific Tr
Texas Pac
Third Avenue
Tol
St. L . & West
St L
Reo Eee Sa
Twin City
S. Rubber
Scstscee
U. S. Steel
Cevees
Utah
Va.-Caro. Chemical
Caro. Chem. Pf
Va.-Iron, Coal & C
Wabash
W Union Tel
Western
Ioene
Westinghouse E. & M
Wheel
L. E
Wisconsin Central
Am. W. P. Pf
Bay State Gas
Foundry
Manhat. Tran
Otis Eley
Royal B. P. Pf
Standard Oil
Chicago
Alaska M. Sec
Boston
Brit. Col. A Ae
Butte Coal'n
Butte & N
Con. Ariz. Sm. Lq
Cumb.-Ely M
Davis-Daly Es
Dom
Douglas
Florence
Foster Cobalt
Gold Hill
Goldfield Con
Daisy
Miami
Monigom
Nevada
N.U. M
Nip. Mines. Co
Butte
Orphan
Precious
Sear
Silver Queen
Stewart
Superior & P
Trinity Copper
Tuvra Dev. Pf
Union Copper
Yukon G. M
Wallis-C. Ss & J
C. R. Tire
C. S
Columbia
Allis-Chalmers
Adams
Steel
Boston Copper
Col. Copper
Te Butte Coalition
Oon
Central Foundry
A CO
Cobalt Central
Con. S. S
Cumberland-Ely
Dolores
Dominion Copper
National Copper
Goldfield
Greene
Greene-Cananea
Guggenheim
Havana Tobacco
Havana Tobacco Pf
Houston of
Houston Oil
Ho la Rose Con
Eee Ae
Manhattan Transit
le Regi Ak
Nat. R
W. Fh
SAM Orrig
Otis Elevator
Otis Elevator P
Penn.Wyoming
Standard
United Copper
Union Typewriter
Yukon
Am. Tel
Isms
Chesapeake & Ohio Ry
Betis Berne
Chicago & Western Indiana
Rock Island & Pacific
Olers Bessgris
Cleveland
Cincinnati
Louis
Interborough Rapid Transit
Welecte
ANEO
Banks
Lake Shore
Mikchigan
Louisville & Nashville
Maren
Michigan Central
Irneiece
Minneapolis. & St. Louis
Hones
Norfolk & Western Col
Pennsylvania
Tidewater Construction Co
Dtfs
Mehde
Cemee
Closing quotations on local Exchange list
Special to The New York Times lists closing quotations from Colorado Springs exchange with entries for Acacia Isabella Elks El Paso and others showing bids and asks. The fragment shows values such as Acacia 6 and 6 percent Isabella 20 and 30 percent Dr Jackpot 6 7 Portland 97 98 Elkton 62 , Vindicator 83 85 El Paso 37 37 4 Work 1 8 percent.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Acacia
Isabella
Dr. Jackpot
Portland
Elkton
el Paso
Work
Baltimore Market Shifts With Cotton Duck and Bonds Strong
The Baltimore market shows renewed activity with Cotton Duck 5s and S A L 4s at the center of trading. Prices rise on liberal buying then ease slightly as large bond blocks trade, closing near the day’s top. Bonds and shares list notable activity and totals.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
Mount Vernon
Woodberry
United Railways
A. L
United Rys
United Rus
Ala
Coal & I. Pf
Bay State Gas
Cotton Duck Pf
Maryland Casualty
Merchants’ Bank
Treasury condition report for August day reveals reserve funds
The Treasury’s early August status shows gold coin and bullion, trust fund redemptions worth 23,656,859, 8750000 in silver dollars from 1890, and general fund deposits. National bank deposits total 180,600,84 with Philippine Treasury reimbursements awaiting 5,101,136 and current liabilities noted.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Puatny Ae
PLEO
Taegan Seas
Chicago Market Movements Weakened By New York Trends
Morning trading shows a downbeat tone with weak New York guidance. Telephone trades reach 144% then 145% while Commonwealth Edison oscillates around 104. Subway and other listed issues show fractional moves and closing declines.
Philadelphia Prices Show Gain in Arbitrage Stocks
Local trading in Philadelphia Aug 13 showed volume rise driven entirely by arbitrage shares Cambria Steel and Lehigh Valley. Lehigh Valley advanced slightly while most other stocks eased. Near-term sentiment weak with overall unsettled close. total shares traded 33,307.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Cambria Steel
Lehigh Valley
Cambria Steel and
Lehigh Navigation Trust
Amalgamated Copper
American Smelter
OTS
American Railways Co
Bell Telephone
Brooklyn R. T
Col. Fuel & Iron
Con. Trac
N. J
Erie
E .General Asphalt of
Ins. Co
North Am
Lake Superior Corp
Lehigh Nay
Bae A1
Marsden Co
Eae
Ont. &Western
Pennsylvania
Eee
Philo. Electric
Lepee He Pei
Reading
Southern Pacific
St. Paul
Wreveeel
Tonopah
United Gas Imp
United States Steel
Warwick Stes
West Jer. & Seashore
Stock Exchange Elects Frederick Countiss and Louis Hay
The Stock Exchange announces the election of Frederick FE. Countiss and Louis C. Hay as new members. The Silversmiths Company declares a quarterly dividend of 1 per share payable Aug 15 to holders of record Aug 1. Sidney Mitchell and Thomas L. Raymond, receivers of United Bexboard and Paper Company, report interest on 6 percent collateral trust bonds totaling 39000 has been deposited with the Trust Company of America and coupons are being paid.
MENTIONED IN THIS ARTICLE
Frederick FE. Countiss
Louis C. Hay
Stock Exchange
Silversmiths Company
Sidney Mitchell
Thomas L. Raymond
United Bexboard and Paper Company
Trust Company of America
Also Mentioned on This Page
NEW York Stock Exchange
Spencer Trask & Co
William and Pine Streets
Pxrchange
Underwood Typewriter
Trippe & CO. Bankers and Brokers
Broad Street
St. Clair Furnace Co
U. S. Steel Co
Chisholm & Chaphan
New York City
Wall Street
Farson, Son & Co
Pine St
Jerome J. Danzig & Co
N. Y. Stock Fine Main
Aanra
iVeAwWwUikUw
Rector
Broadway
International
Associated Merchants Ist
United Globe and Rubber
Babcock & Wilcox
Chesebrough Manufacturing
Frederic H. Hatch
Chas H. Jones & CO
Cable ‘ Eovestment
Swartwout & Appenzellar Marine St
John
Wardwell & Adams
Manhattan Hotel
14Th St
Moffat & Whiteork City
Ric CurbDy
Cripple Creek Central
Guanajuato
Wall St. Pough & CO
al Stock Exchange
N. W. Halsey & CO
Wall ST
American Straw Board
United Box Board and Paper
O’gara ‘Coal
United Lend
Denver
American Cigar
Wiegargel & Co
Nassau Street
Eee & Ers Bank
National Park Bank Price
CHAS
Gordon Carroll Telephone Rector
N.Y. Stock Exch.& Cotton Exchange
Metropolitan Water
K.C
L. F.hepburn
Iotsocust Sc
Rock Island
Brig
Outside Securities
TOC
HERA
K Exchange
Tobacco
Atlar
Wiast
Duis & Nash
Bklyn En ‘Gas 5
Jeneseu
Norf
Nor
Orne” Perenhiss Ae
Cen
Eading
Renee A
Eelew Onda
Ieecvecccun
Nedaccacus
L& Ban Firr
Ccusceee
Cceeners
Mane Kee Ey Eltars
Lee - Hha
Teal
Western Union
Ste
Interborough
Wrens
Mexico
York
Tb & M
Jiokwyl
Long Island
Alb &Susy
Cc Eeweess
B&q
Pew Ewr Reese
UN Pac Ist
Colees
Col & So
U . Steel Corps
Os Col & Goathn
Ceeaneens Sewer
Congo
del & Hud
Pitt
Green Bay & Wa
West Shore
Interboro
Ingh
el & M
Lau
Luis
Panama
St. Fu
UY Am
W. Co
Inp
Lu Ae
Ann Arbor
Ann-A
Eg Ee Bt
One But'k Co
Cent. “L. Pt
Ee Ac
Alt
Aa. Pf
Ssi Co & New
MAE
Om. Qtr
U. T. Pf
Consol
Coal
Cuba
RL .G
D. M
U. Ry
T. H
F. M
Fr. M
S&s
Esi
Gen
Granby Con
Tay. E. Ry. N
Hock
Homestake
Inger
Int
Power
Iowa Cent
Iowa C. Pf
Keyes & M
C. So. K
Ve M
Ac. Pa
Die
Sears
Nek
Vulcan Det
Val
D. Pf
W.F
Money and Exchange
Colorado
the Treasury Balances
Chicago Stock Market
Subway
Commonwealth Edison
Cancommon
Sears-Roebuck
Baltimore & Ohio R. R
Booth & Co. Pf
Chicago City Ry
Chicago Subway
Chicago Telephone
Illinois Brick
Swees
National Biscuit
People’s
Southside Elevated
Swift & Co Siamcnatt
United
Financial Notes
de AlAs Company
OFFI
Willard V. King
Sacanucen
WM. H. Nichols
Howard Bayne
Treas
Langley W. Wiggs
Edwin B. Pottspark Terrell
Desaldont
Juve Veigay - Ass’t
Mgr. Bond
David S. Mills
Brooklyn Trust Company
Montague Street
Fulton Street
Okly
Manhattae
Op Man Jensor
Exchange Place
Jersey City
the Trust Company of America
Gresham,St
B.C
Nassau Bank
Nassau and Beekman Sts
DPV Pont Powder CO
International Nickel
Hanover
L. B. Wilson
Db. M. Ferguson
L. B. Wilson & CO
Consolidated Stock Exchange of
George W.young & Comp
N. Y. Stock Exchange
Cedar Street
Investment Securities
White & CO
Bankers