Stocks Out of Town and Wall Street Decline Echoed Across Cities
Weakness in New York influenced trading centers as Boston opened lower with Friday and Saturday buyers forced to sell at losses. Sears Roebuck and United States Steel led declines while National Biscuit and several others fell fractionally. Tonopah Belmont showed firmness amid mixed results. Local brokers reported steady discount rates and limited notes, with National Carbon reporting higher first quarter sales but lower profits.
MENTIONED IN THIS ARTICLE
New York
Baltimore
Boston
Amalgamated
North Butte
Chicago Stock Exchange
Sears-Roebuck
National Biscuit
United States Steel
Chicago Telephone
National Carbon Company
United States Supreme Court
Standard Oil
Philadelphia
Steel
Philadelphia Board
Reading
Pennsylvania
Wall Street
Electric
Lehigh Navigation
Philadelphia Company
United Gas Improvement
Tonopah Mining
Tonopah Belmont
Steel rails order and large stock offerings dominate markets
An order for 500 tons of steel rails is placed with Carnegie Steel by Wabash Pittsburg Terminal. The General Chemical Company declares regular quarterly dividends on preferred stock payable July 1. Barnhart Brothers Spindler preferred stock oversubscribed at 101. Detroit Terminal and Tunnel bonds sold at 102. American Smelting and Refining Company stock quoted on London. Chicago Milwaukee Puget Sound votes to double capital to 200 million to meet Montana law. Edward B Lee study notes 2 billion invested in central stations over 30 years with gross income over 300 million this year.
MENTIONED IN THIS ARTICLE
Carnegie Steel Company
Wabash-Pittsburg
General Chemical Company
General Chemic Company of
California
Barnhart Brothers & Spindler
American Type Founders Company
George H. Burr & Co
Pomroy Brothers
Detroit
Detroit River Tunnel Company
Michigan Central Railroad Company
J. P. Morgan & Co
First National Bank
National City Bank
American Smelting and Refining Company
London Stock Exchange
Chicago
Milwaukee
Puget Sound
Seattle
Montana
Edward B. Lee
Electric Bond and Share Company
Byg
National Electric Light Association
New York
Treasury daily receipts and expenditures May report
Treasury statement shows receipts for May 29 and totals for the month and fiscal year across Customs Internal revenue Corporation tax Miscellaneous and overall totals. Expenditures and surplus are reported with working balances and general fund totals, noting exclusions for Panama Canal and public debt transactions.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Treasury
United States Treasury
Fear” Banks
Philippine Treasury
General Fund
Outside Securities Drift After 42 Point Rally to 430 Close
Wall Street closes with a 42 point gain to 430 from a 500 opening as American Tobacco leads declines. Trading centers on a 1,350 share block amid weakness in Inspiration and Braden and Giroux, with Detroit Tunnel bonds opening at 102 and ending unchanged. Industrials show mixed moves including Standard Oil and Studebaker, as rail equities bid and ask prices are listed against Monday figures.
MENTIONED IN THIS ARTICLE
Braden
Giroux
Detroit Tunnel
M. Pf
Int
R. T. Ctfs
Man
Standard Oil
Studebaker Co
Eer Co. Pf
U. S
B R T plan costs City far more than stated says Interborough
The Interborough Rapid Transit Company attacks B R T for overstating the cost of its proposed Brooklyn layout. It contends the maps omit lines to Staten Island Pelham Bay Park and Utica Avenue, which would push total city cost to at least 188 500 000 rather than 103 500 000, accusing the B R T of misleading the public.
MENTIONED IN THIS ARTICLE
Brooklyn Rapid Transit
Staten Island
Pelham Bay Park
Utica Avenue
Brooklyn
Interborough
Seventh Ave
Times Sq
Battery
Liberty St
Greenwich St
Fulton St
Flatbush Ave
Livonia Avenue
Utica Ave
New Lots Avenue
Nostrand Avenue
Sheepshead Bay
Coney Island
Interborough Rapid Transit Company
European markets update from London Paris and Berlin
London money easy on gold inflow and potential bank rate cut. Stock Exchange settled quietly with mixed securities and weak close. New York shares fell in afternoon trading, exporting global mood. Paris firm on Bourse, Berlin quiet with steady prices and London exchange quoted. Bullion & discount rates noted across centers.
MENTIONED IN THIS ARTICLE
London
Bank of England
Stock Exchange
New York
India Council
Madrid
Lisbon
Paris
Exchange
Berlin
May Stock Transactions Show Month’s Record Low Volume
May on the New York Stock Exchange totaled 10,685,816 shares, the smallest per month since 1904, down 1,261,165 from last year, with 16th the peak after the Standard Oil ruling and the 15th the trough. Bond dealings rose to 908,500, and combined monthly activity reflected shifts across bonds and stocks.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Supreme Court
Standard Oil
Also Mentioned on This Page
Sears- Roebuck
Pittsburg
Boston & Albany
Boston & Sey
Boston & Maine
Mass
Wlec
Ceteches
Blec
Ae Genre & Wor
NS & H
Wodee Y
P. c. Paid
Penn
Union Pacific
Agr. Chem. Pf
Gulf & W
Es & W.I
Weolen Pf
Dist. Sec. Corp
East Boston Land
Eastern
Weeves
General Electric
Mackay Pf
Seeee
Mass. Gas
Mergenthaler
Pullman
Swift Ee
Torrington
Pf. Sever
United Fruit
United Shoe Mcy
United Shoe M. Pf
U. S. Steel
Aes
U. S. Steel Wa
U. S. Steel Pf
Adventure
Algomah
Amalgamated Eeeeee
Zinc Ee A
Ariz Coml
Atlantic Serene Eee
Boston Carbin Eee
Butté Coalition
Butte & Balaklala
Calumet & Ariz
Chino Copper
Copper Range
Daly-West
East Butte
Meee Franklin
Giroux Eseteee Eae
Granby Stew
Greene- Cananea
Indiana Ee
Inspiration Mining
Island Creek
Island Creek Pf
Isle Royale Ee
Nevada
Nipissing
Old Colony
St. Mary’s Land
Superior Ewer
Superior
Trinity Ween Rete Ewes Ft Oave
Tuolumne Mining
Us Smelting
U Ss
Copper L. & M
Utah Apex Eee
Utah Conry Weeeee
Utah Copper
Winona
Wolverine Ry
Am. Tel. & Tel
Arizona Com’s
N.E
Western T. & T
Augusta Aiken
Augusta Aiken Pf
Ala. Coal & Iront
Balto, Elec. Pf
Canton Co
Houston Oil
MD. Casualty
Trust
Trust Pf
Air
Seaboard Co
Ball
City Bio
Ito
Elec
City & Sub
Wash
Con
Vee 1
Iron Ry
Cmll Ee Se Fe
United Rys
Fdg. Is
Inc
American Can
Chicago Subway
Wece
Illinois Brick Ans
Int Harvester
National Carbon
People’s Gas Sae
Sears-Roebuck Sete Eee
South Side
Swift & Face Reed
U. S. Steel Eee
Chicago Ry
Chicago Rus
Armour & Co
Cambria Steel
Ins. Co
Lake Superior
Lehigh Nav. T. Ce
Lehigh Valley
Lehigh Valley Tr. T. O
Lit Brothers
Phila
Rapid Tran
T. c
Pennsylvania War
Philadelphia Co
Philadelphia Co. Pf
Philadelphia Pees
Pennsylvania Salt Ae
Pittsburg Coal
Reading Cecenves
St. Paul Secccocvesesdziny
Southern Ry
Semedge
Union Traction
Warwick I
Crucible Steel
Harbison Walker R
Oo Vo
Mfrs
L & Cee
Pittsburg Brew
River Coal
Sean Eeace
River Coal-fd
San Toy
Db Settee Nccee
U S Steel
Toledo & Ironton
sBeeresee Ao
Canadian Pacific
Erie
Illinois Central
Mos
NEW York, Susquehanna & Western
Pri
Pennsylvania Railroad Company
Pennsylvania Company
Way & Str
Einsylvania
Chesapeake & AT Railway Company
W. & Str
Cumberland Valley Railroad
Vo Net Inc
Der
Oper
Grand Picts & Indiana Railway
Mt. of Equipmnt
Eenece
Net Inc
Longatari
Mt. Way & Str
Seeve
Net Inc. Or
Oper. Inc
Maryland, Delaware & Virginia Railway
Norfolk
Op. Ex. Inc
Northern Central Railway
Philadelphia, Balt
Washington R. R
Oway & Struct
Cincinnati
Chicago & St. L. Ry
Vandalia Railroad
Eeere
West Jersey & Seashore Railroad
Inter-State Commerce Commission
Eae
Oper Inc
Aceae
Yazoo
Mississippi Valley
Atlantic, Gulf and West Indies Steamship Lines
Skg. Fd. &c
Senor
Pacific
Mail Steamship Company
Ins., &c
Rep
Financial Notes
Treasury Statement
Outside Securities
Heav
Iest
Chi
Subway
Butte Coalition
Ariz
Soa Gh
Giroux Mining
Greenwater A
Greene-Canonea
Cess
Kerr Lake
Mason Val
M. Co
New
McK
Dar
New. Hills
Pac. Smelters
Rewkst
United Copper
N. Y
A -Wash. R. & Nav
West. Pac
Tobacco
Light & Traction
Light & Trac
Borden's
Borden’s
British Columbia
Cobalt Central
Davis-Daly Copper
Ereneee
Eeees Greene-Cananea Aeeeaee
Guggenheim Exp
Ridgewood
Eastern Parkway
International Salt
Ionare
Manhattan Transit
Mason Valley
Nipissing Ae
Ohio Copper
Bay Central
Eee
Wees Studebaker Co
Wee Tonopah Mining
United Cigar Mfrs
U. S. Sgt. & Heat
Ij. S. L
H. Ps
Western Pacific
Yukon
MAY
Money
Sueeteee
Atchison Pet
St. Paul
Emateens
Erle Sesso
Tllinois Central
Touts, & Nash
M. Y. Ceneee
Esperanza Tomboy
Stratton’s Ind
Times
Irving Bacheller
Lizzie
George
Louise
Leopold
America
St. Die
East
Lorraine
New World
Princeton
Taft
Walter Greaves
Whistler
Maine
Havana Harbor
Andrew Carnegie
Central Park
Ty Fred Morgan