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Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 01, 1911

Page

13

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.

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.

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.

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.

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.

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.

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.

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
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