Market drift near low with limited gains and bank outlook
Trading yesterday showed dull but firm tone as volumes hovered just above a yearly low. Louisville & Nashville and Colorado Fuel and Iron led advances while steel, Pennsylvania, and Union Pacific lagged, with May showing worse earnings outlooks for Union Pacific amid disaster impact. Banks expected to gain 6 to 9 million cash week carryover from Sub-Treasury inflows and San Francisco receipts, as call money rose to 5 percent and European markets paused for holidays.
MENTIONED IN THIS ARTICLE
Louisville & Nashville
Colorado Fuel and Iron
Pennsylvania
Union Pacific
San Francisco
Wall Street
Southern Pacific
Pacific Coast
Sub-Treasury
Chicago
Calendar for Today Books Close
American Sugar Refining Co. common and preferred. Boston and Albany Railroad.
MENTIONED IN THIS ARTICLE
American Sugar Refining Co
Boston & Albany Railroad
Money on Call and Exchange Rates Reported
Money on call on Stock Exchange ranges from 3 percent to 5 percent with last loans at 8 percent. Time money at 4 percent for periods up to eight months. Mercantile paper 5 to 5.5 percent three to 90 days. Clearing House shows exchanges at 327,066,025 and balances at 17,386,049. Sterling steady. actual demand rates nudging higher. Continental rates listed for francs, reichsmarks, guilders. various domestic center discounts and premiums noted. Local banks show week‑to‑week gains of 5.607 million. several city exchange figures provided for Boston, Chicago, New Orleans, Savannah, Cincinnati, St. Louis, and Charleston.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile Paper
Clearing House
Treasury
Sterling Exchange
Continental Exchange
Reichsmarks
Guilders
New York
Boston
Chicago
New Orleans
Savannah
Cincinnati
St. Louis
Charleston
Bullion and Mining Market Quotations
Bar silver quoted in London at 31 4 per ounce and in New York at 67 c per ounce. Mexican dollars at 52 percent. Stock Exchange listings show Comstock 100 shares at .23 and 2 000 at .15. Consolidated Exchange figures include Atlanta 1 500 at .20 .21 and Ophir 200 at 4.85 with other mining stocks ranging from .03 to 1.40 per share.
MENTIONED IN THIS ARTICLE
London
New York
Stock Exchange
Comstock
Consolidated Exchange
Atlanta
Consol
California & Virginia
Elkton
Hale & Norcross
Pees Ae Eeese
Alliis-Chalmers Co
Allis-Chalmers Co
Hide & Leath
Ice Securities
Locomo. Co Settee
Pneu
Smelt. & R. Co
Am. Smel. Sec. Pt
Am. Snuff Co
Sug. R. O
Am. Tobacco Co. Pf
Atlantic Coast Line
Baltimore & Ohio
Chicago Great West
West
F. B
Chi
Mil
Consolidated Gas
Delaware & Hudson
Del
Lack. & West
Denver & Rio Grande
Denver & Rio Gr
Distillers Securities
Dul S. & At. Pf
Erie
Great Northern Pf
Rove Hot
Havana Electric Pf
Hocking Valle
Illinois Centra Ae Eeeeeett
Interbor
Met O
Internat. Paper Co
Internat. Power Co
Inter
Ad Bak
Iowa Central
Seeeeret
Kanawha & Michigan
Kansas City South
Knick. Ice
Chicago
Lake Erie & West
Long Islande
Louisville Nass
Minn
St. Louis
Norfolk & Western
Northern Pacific
Pacific Coast
Pennsylvania R. A
St. L
F. 2d Pf
Southern Pacific Ees
Nes. Iby
Southern Ry
Southern Ry. Pf
Tenn. Coal & Iron
Texas & Pacific
Texas Pac
Third Avenue
Gs & Light
Eg Rys. Inv
Uv. Ss. _ Realty & Im. Co
Red
Wabash
Wabash Pf
Western Maryland
Western Union Tel
Westinghouse E. & M
Wisconsin Central Pf
Rhode Island
Santa
Shannon
United Ye
Uta
Victoria
Teay
Winona
Wolverine
Philadelphia Prices Signal Quiet Market Day on June 1
On June 1 Philadelphia trading showed dull summer sentiment with narrow price movement. Reading and Lehigh Valley moved modestly with New York wires, while Lehigh Valley fell then partially recovered and Reading regained near prior levels.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Reading
Lehigh Valley
New York
Lake Superior Corporation
Pennsylvania Steel Common
Union Traction
United Gas Improvement
Alliance Insurance
American Cement
American Gas
Brook
Rapid Transit
Cambria Steel
Con. Traction of N. J
Easton Con. Electric
Electric Co. of America
Girard National Bank
Lake Superior Corp
Lehigh Valley R. R
BSI
Marsden
Pennsylvania R. R
Pennsylvania Steel
Philadelphia Company
Philadelphia Go
Philadelphia Electric
Philadelphia Traction
Southern Railroad
United Gas Improve
United Gas Imp
United States Steel
United States Steel Pf
Trac
Pitts
W. Jer
S. R.R
New York Stock Exchange Report Friday June 1 1906
The New York Stock Exchange activity for Friday June 1 1906 shows mixed trading with notable shifts in several leading issues. Traders monitor rail and industrial shares amid market uncertainty and early summer liquidity.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
Boston stocks and copper market report June 1
Boston money market stays firm with call loans at 4 1 4 to 5 percent and clearings at 30 million. Copper shares opened strong but soon declined with limited activity. Boston Consolidated and Greene Consolidated remain active while Massachusetts Gas leads local issues. In Baltimore United Railways bonds fell sharply, some recovered. Suffolk & Carolina and Atlantic Coast Line notes moved. Houston Oil rose. overall trading showed scattered gains and losses.
MENTIONED IN THIS ARTICLE
New York Times
Boston
Mercantile Paper
New York
Treasury
Boston Consolidated
Greene Consolidated
Massachusetts Gas
Baltimore
United Railways
Suffolk & Carolina
G. B
Atlantic Coast
Conn
Norfolk Railway and Lights
Houston
Alabama Coal and Iron
Government Receipts Show May Surplus and Banknote Rise
The May 1906 monthly statement reports total receipts of 47,980,023 and expenditures of 45,843,211, yielding a surplus of 2,131,812. For May 1905 there was a deficit of nearly 3,000,000. The eleven months show a cumulative surplus of 6,162,000 versus last year’s 36,649,000 deficit. Banknote circulation rose to 559,129,660, up 70,802,144 for the year and 2,483,378 for the month, with bonds securing 516,036,146 of the total and 519,265,530 on deposit for circulation notes.
MENTIONED IN THIS ARTICLE
Washington
National Bank
United States
Ontario & Western Deficit with Higher Operations Costs
The April statement shows New York Ontario and Western Railroad operating costs exceeding gross earnings by Greg 29,710 with net charges of 69,099, bringing the month deficit to 98,809. Operating expenses rose to 108.66 percent of gross earnings while passenger earnings climbed about 24 percent from last April, but freight traffic fell due to coal mine suspensions.
MENTIONED IN THIS ARTICLE
New York, Ontario & Western Railroad
Steel Mills Run At Peak Demand Across Ohio and Pennsylvania
A United States Steel official returning from Ohio and Pennsylvania reports steel and iron conditions as highly active with mills operating at full capacity. He predicts continued steady operation through the year due to strong specifications and limited vacations for workers. Rumors of price shading by plate manufacturers are denied, though slight sheet concessions exist in the East and prompt orders fetch a premium of 2 a ton.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Ohio
Pennsylvania
Money market steadies as dividends aid liquidity
London market shows plentiful money due to month end dividend of 15,000,011. Discounts ease with scarce bills. Stock Exchange attendance weak and trading holiday quiet, gilt edges firm on easier money, Paris strength draws foreigners. Copper up, Kaffirs steady, Americans mixed. Louisville & Nashville up to 53% late. Gold premiums Madrid 9.25 Lisbon 4. Bank of England bullion 192,000 and 5,000 shipped to West Indies.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris
New York
Louisville & Nashville
Madrid
Lisbon
Bank of England
West Indies
London closes reveal shifts in American stocks
The London close yesterday showed movements in several American stocks with comparisons to New York’s latest close. Investors watched NY figures as theLondon results reflected gains and losses across key issues.
MENTIONED IN THIS ARTICLE
London
New York
Inactive Bourse News Amid Alfonso Rumor Downturn
Paris trading quiet as Spanish securities slip on unconfirmed report King Alfonso was wounded by a bomb in Madrid. Russians quoted at 82 and 1904 bonds at 491, private discount 234 percent. London exchange at 25f 19 c. Berlin light trading as Russians fall on poor crop outlook. London exchange 20 marks 51 pfennig. Short bills at 4 percent, three months 3 percent.
MENTIONED IN THIS ARTICLE
Paris
Alfonso
Madrid
London
Berlin
American Mining Stocks in London Prices
Prices for American mining stocks received from London yesterday include Camp Bird at £4 8s, Esperanza £6 7s 6d, Tomboy £7 6d, Dolores £1 3s, El Oro £1 8s 1d, and Stratton's Delaware Ind £0 4s 6d.
MENTIONED IN THIS ARTICLE
London
Union Pacific Bond Conversion Extended to July 2 1906
Notice extends the option to convert Union Pacific Railroad Co first lien convertible four per cent gold bonds into common stock to July 2 1906. Bonds not converted by then will be redeemed November 1 1906 with a 2.5 percent premium per mortgage terms. Alex Millar secretary. 120 Broadway New York May 28 1906.
MENTIONED IN THIS ARTICLE
Union Pacific Railroad Company
Alex. Millar
Broadway
New York
Farmers’ Loan and Trust Company
William Street
Twin City Rapid
Thomas LO
Andrew J. McCormick
Adrian H. Muller & Son
Vesey ST
Long Island R. R Co
American Telegraph & Cable Co
Erie R. R. Co
American Type Founders Common
N. Y
Jersey
R. R
R R
New England Watch Co
Passaic Steel Co
Central Hudson Steamboat Co
Kings County Electric Light & Power Co
Gray National Telautograph Co
National Steel & Wire Co
Life Association of America
Mississippi Central Railroad CO
Mississippi Central Railroad Company
Standard Trust Company of New York
Mississippi Central Railroad
C. P. Davidson
Scranton
Penn
Twin City Rapid Transit Company Stock Subscriptions 1906
Notice to stockholders of Twin City Rapid Transit and related parties regarding a June 1906 to July 1906 stock subscription privilege for ten percent of holdings at par. Details cover warrants, transfer, fractional shares, payment schedule, and conditions for validity and redemption. Includes auction and advisory notices for various securities and the Mississippi Central Railroad bond redemption on July 1, 1906.
MENTIONED IN THIS ARTICLE
New York
Twin City Rapid Transit Company
Farmers’ Loan and Trust Company
William Street
Exempt From Taxation Notice of State Bond Sale
Notice under Chapter 147 and Chapter 802 invites sealed proposals for sale of bonds by the State Comptroller Albany. Bonds issued in registered or coupon form at 3 percent interest from Jan 1 1906 matured Jan 1 1956. Denominations include 1000 and 10000 dollars. interest and principal payable in gold at Bank of the Manhattan Company New York. A sinking fund funds extinguishment and interest payments.
MENTIONED IN THIS ARTICLE
Albany
State of
New York
United States of America
Bank of the Manhattan Company
City of
State of New York
City of New York
Canal Fund
Otto Kelsey
State Comptroller's Office
Albany, N. Yue
Also Mentioned on This Page
A.B. Leach & CO
Farson, Leach & Co
Rudolph Kleybolte & Co. Bankers
Bet
Pine ST
Pfaelzer&Co Bankers
Broad Street
John Harsen Rhoades, Jr
Richmond Hoxie
Rhoades & Company
W.L. Lyons & CO
Haden, Walon & Co
N. W. Harris & CO
Bankers Pine Street
Corner
William
Boston Bonds
W.e.r.smith & Co
New Jersey Securities
Broad St
N.W. Halsey & CO
Bankers Bonds
Wal. St
Alexander, Thomas & Davies
Bankers and Brokers
Pine Street
Investment
Brown Brothers & CO
Boston & Baltimore
Potter, Choate & Prentice
Guaranty Trust Co
Mutual Life Buildin Capital
John W. Castles
the Consolidated Exchange
Hich
Allis-Chalmers
Amal. Cooper
Car’& F
Locoimnorive
Brooklyn R. T
Can. Pacific
Chi. Gt. West
St. P
Col. Fuel & Sothe
Dist. Securities
Ericate
Inter.-Met. al
Louis. & Nash
Essen
Rep. Steel
Rock Island
Atl Gr
Southern Pac
Texas Pacific
Ss. Cast I. P
S. Steel Pf
Wadash P
the. Financial. Markets
Money and Exchange
Bullion and Mining
Boston Stock Market
Acsree
Ae & T
Sa Q. Joint
United Fruit Bs
Steel
Atchichon
Boston Elevated Sewer
Boston & Albany
Bost. & Maine
Bos. & Worcester Pf
Ak & Sy
Old Colony
West End of
Am. Ag. Chem. Pf
Am. Pneu
Amer
Boston Land
General Electric
Mass
Pulilmany
Swift & Co
United Fruit
United Shoe
U. S. Steel Ee
Steel Pf
Weet Aes
tAdventure
Calumet & Arizona
Calumet & Hecla
Centennial
Daly-West Ween
Franklin
Granby
Michigan
Mohawk
Coal & C
Tenon
North Butte
Old Dominion
Osceola
Phoenix Cocvenesnses
A.C. L
Seaboard
Suff
Carolina
Anacos. & Potom
Knoxville Tract
Norf. Ry. & Lt
United Rys
Rys
Ala
Coal & Iron As
Breweries
A. C. L. of Conn
Citizens’ Bank
Coal & Iron
Amal
Houston Oil Pf
Etna
Treasury Balances
Yashington
General Fund
Philippine
Eee
Csseseerteeee
Ontario & Western Deficit
Iron and Steel Notes
London Stock Market
N.Y. N.Y
Anaconda
Atchison
St. Paul
Erie Anene
Illinois Central
N. Y. Central
U. S. Steel
U S. Steel
Union Pacific Railroad CO
New Jersey
Hudson River Railway
Atgage
U. S. Mortgage & Trust CO
Trustee
West 130Th Street
Edgewater
Hackensack
Paterson City
Englewood
Palisades
Hudson River Traction Company
Hazkensack
Kearney
Newark
Lodi
Passaic
Millett, Roe « Haden
Post Office Sq
Jane
New York City
Fransit Co., Way, President
Aly
Fulton Trust Company
Real Estate Trust Company of
Nassau Street
Banking Dept
Henry C. Swords
H. H. Cammann
Zee
Vr Ad TV
Gl. OW. Stlrlisiva
James M. Varnum
George G. DeWitt
Charles C. Burke
Henry K. Pomroy
Lispenard Stewart
Henry Lewis Morris
Edwin A. Cruikshank
Charles A. Peabody
Chas. A.schermerhorn
Robert Goeier
Joel Francis Freeman
Alfred E. Marling
Douglas Robinson
Frederic de Peyster Foster
Charles 8. Brown
Richard H. Williams
Howland Pell
Fercy Cnuoe
J. Roosevelt Roosevelt
Harrison E. Gantry
Frank S. Witherbee
Eli Teeter
Liberty St
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