Steel price cuts fail to move markets despite reductions
The halt in steel price increases was followed by modest cuts mainly to steel bars and structural material by United States Steel Corporation and other members. Markets showed little reaction as observers await further moves in a fortnight to gauge impact on orders and prices.
MENTIONED IN THIS ARTICLE
Combine
United States Steel Corporation
Union Pacific
Bank of England
Treasury
New York Stock Exchange Prices and Totals Report
On Tuesday June 2 1908 the New York Stock Exchange displayed fluctuating figures with various bond and stock quotations. The report lists daily closing values and market activity across multiple listings with percentages and indices indicating overall performance.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
Cobalt stock La Rose Consolidated Mines debuts in outside market
The new La Rose Consolidated Mines Company, a Maine concern with 7.5 million capital, appeared in the outside market as copper shares stayed strong. Shares traded 4% to 4% with 25,000 shares moved, while Nevada Consolidated and Cumberland-Ely gained modestly. Nipissing rose to 8 but closed at 7.5 for a net loss of 1.5.
MENTIONED IN THIS ARTICLE
la Rose Consolidated Mines Company
Maine
Nevada Consolidated
Cumberland-Ely
Nipissing
Bay State Gas
Man. Tran
Standard
Alas. M. Sec
Bos
Butte Coall
Butte & N. Y
Con. A. Smelt
Comb
Ely M
Davis D
Dolores Ltd
Florence
Giroux Mini
Gold Hill
Goldfield Con
Greene
Cana
Boo Greene G.S
Gr. G.S. Pf
Indian Val. C
King Edward
la Rose Con
Mex
Miami Copper
Micma
McKir
Monr
Ohlo
Pitts
Precios
Silver Queen
Stewart
Tonopah E Reem
Tono
Tonopah
Tayra Co. Pf
Union Mines
United Copper
Utah
Yukon Gold M
Erie News
Nat
American Tobacco
Bostoh
British Col
Butte Coalition
Cobalt Central
Ecsese
Chicago Subway
Cumberland-Ely Min
Greene-Cananea
Mines Co. of America
Nevada
Nevada-Utah
Yukon
Bonds and Stocks Quietly Rally on Market Close
Traders noted firm tone in bonds and mixed gains across equities led by Chicago area issues. Chicago Telephone hits new high, while Illinois Brick and Comm Edison show gains. bonds firm with several utility and railroad issues trading at or near lines.
Calendar for Today Annual Meetings
Boston Consolidated Mining Co Canada Southern Railroad Quincy Mining Co United Copper Co hold annual meetings listed in today's calendar.
MENTIONED IN THIS ARTICLE
Boston Consolidated Mining Co
Canada Southern Railroad
Quincy Mining Co
United. Copper Co
Money and Exchange Rates on Call Loans and International Bills
Money on call loaned 134 15% with last loan at 11%4. Time money 2 1/4 to 4 3/4 percent for various terms. Mercantile paper rates from 3 1/2 to 5 5/8 percent. Clearing house: exchanges 837,945,492. balances 14,184,422. U.S. sub treasury debit 903,674. Local banks gain 804,000 since Friday. Sterling weak. New York exchange quotes and continental bills given.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile
Treasury
Sterling Exchange
Reichsmarks
Guilders
New York
Boston
Chicago
St. Paul
St. Louis
New Orleans
Bank
San Francisco
Produce Exchange Stock Totals Reported Yesterday
Principal transactions reported yesterday in the stock department of the Produce Exchange show opening, high, low, and last prices for Greene G S and Branch Mint. Greene G S opened at 25, high 25, low 25, last 25 with 14,000 shares. Branch Mint opened at .04, high .04, low .04, last .04 with 14,000 shares.
MENTIONED IN THIS ARTICLE
Produce Exchange
The
Greeneg.s.com
Silver Quotations From London and New York
London quotes 24140 per ounce while New York lists 52540. The report notes a weak market for silver and mentions lesser dollar values.
MENTIONED IN THIS ARTICLE
London
New York
New York City Bonds Close Mixed As Market Feels Change
Closing quotations for New York City bonds show slight shifts from Monday to yesterday with bids and asks near 104 to 109 percent. Investors compared coupon registrations and lay dates, noting modest changes in prices and callable features.
MENTIONED IN THIS ARTICLE
New York City
London copper and metals close with gains across the board
Spot copper rises to 58 pounds 2 shillings 6d per cwt as futures gain 6s 3d to 58 13s 9d. Pig tin strengthens to 129 shillings per cwt spot and 128 7s 6d futures. Lead at 12 pounds 17s 6d, spelter steady at 19 pounds per ton, Cleveland warrants 50 shillings 14d. New York Met. spot and futures bids show mixed shifts against Monday with copper and tin holding firm.
MENTIONED IN THIS ARTICLE
Eense
Sanles
Allis-Chalmers
Amer. Agricul
Amer
Car & Foundry
Dily
Locomotive
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Sec
Pf.b
Steel Fo
Tobacco
S. F
F.pt
Baltimore
Ohio
Batopilas Mining
Eevee
Vly
Bethlehem Steel
Sethlehem
Steel Pf
Central Leather Co
Canadian Pacific
Cent
Leather Co
Central R. R
Chesapeake & Ohio
Chicago & Alton
Chicago
West
Mil. & St. An
Chicago & Northw
Ry Ja
Chi
Poly
Colorado Ad & Iron
Colorado Southern
Col Southern
Southern
OOIL
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Delaware & Hudson
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Denver & Rio Gr Pt
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Ss. S. Oe
Erie
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ITI
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Ore
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Illinois ‘Central
Illinois Central
Interborough-Met
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Internat
Intern
Towa Central
S.s.m.pf
Kansas &Texas
Kan
Tex
Missouri Pacific
National Biscuit Co
National Lead Co
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Mex
Pf.t. R
Newhouse M. & SS
Air Rake
Ss York
N. H. & Hart
Tus
Norfolk & Western
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Pacific Coast Seae Isi
Pacific Mail
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Pittsburg
Pullman Company
Iron A Steel
Rep
Tron & Gee Pf
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Rock Island Co
Tennessee Copper
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Tol
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Twin City R. Transit
Union Pacific
U Ey Pacific
Seeeae
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S Realty & Ste
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Relieve
Ty S. Rubber
Stee
Ss Steel
Ces
Utah Copper
Wabash Cores
Wabash
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Westinghouse E. & N
London
Cleveland
New York
Currency Commission Subcommittee Meets at Plaza Hotel
The Currency Commission subcommittee formed after Congress adjourned will hold its next meeting at the Plaza Hotel in New York City on Thursday June 1. The report cites figures on exchanges and wheat, with the compilation detailing numbers like 2 820 and 389 000 in separate entries.
MENTIONED IN THIS ARTICLE
Currency Commission
New York
Washington
New Currency Commission
Congress
Plaza Hotel
City
Philadelphia Stock Exchange Activity and Key Movers
Share speculation on the Philadelphia floor stayed fairly active while overall business was poorly distributed. Reading United States Steel Lehigh Valley and Tonopah Mining led the 36 804 shares traded as public utility stocks moved within narrow limits.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Local Stock Exchange
Reading
United States Steel
Lehigh Valley
Tonopah
Aman Rere
Local market shows gains in bonds and cotton stocks
Baltimore market reports United Railways and Seaboard bonds leading with fractional advances and Seaboard 4s up. United Funding 5s and incomes also advance. Cotton Duck securities strengthen as mills shift to five day workweeks and orders rise. Total trades: shares 47 bonds 64,500 dollars.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
United Railways and
Seaboard
United Funding
Coffee Market Steady As Trade Reports Quiet
The coffee market opened steady to five points higher with a quiet tone and light activity. Sales totaled 15 250 bags with some December for May transfers at ten points. Rio No 7 offered at 6.5 cents and bids were being sought while Hamburg quotes Rio No 7 at 5.0 to 6.0 cents.
MENTIONED IN THIS ARTICLE
Hamburg
S.c
Brazil
Rio No
Treasury Balances Opening Note June 2
The Treasury reported the day’s start of business balances with cash and other assets. The statement outlines available cash, gold and coin reserves, and miscellaneous funds held by the department as of the opening of today’s market.
MENTIONED IN THIS ARTICLE
Treasury
Washington
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