Wall Street Sees Recessions Drive Buying Activity
Reports show buyers stepping in as stocks dip with several brokers noting customers hold to old bids and accumulate shares. Market chatter points to syndicate and rights issues signaling shifting underwritings and a rising sentiment around Atchison Paris and St Louis Southwestern as dividends and crop outlook influence trading.
MENTIONED IN THIS ARTICLE
Commission 6
Commission House
Clien Mile
Gatd
Outside Securities Drop Then Rebound In Copper Losses
Stocks in United Copper, Davis Daly, and Ohio Copper declined in active trading with large volumes. United Copper opened at 101. to rise to 10 but fell to 8 after a low, then recovered to 9 1 4 at close. Davis Daly fell from 5 1 2 to 4 1 6 before finishing near 4 1 2. Ohio Copper slid from 5 16 to 4 1 2, closing at 4 1 2. Other copper issues showed gains, while wheat and corn markets posted records and mixed advances.
MENTIONED IN THIS ARTICLE
Heinze
F. A. Heinze
United Copper
Davis-Daly
Ohio Copper
Miami
Cumberland-Ely
Greene-Cananea
Financial Notes From Early 20th Century Rail and Finance News
William G. McAdoo elected Director of Lincoln Trust Company at a special meeting. Quincy Mining Company re elects retiring Directors at its annual meeting and reorganizes the board with former officers. J P Morgan & Co extend bond purchases for Erie and Buffalo Erie bonds through next June. Iowa Central Railway sells equip bonds to Tailer & Co under car trust terms to 1919, covering locomotives and rail cars worth substantial sums with $520,000 equipment bonds issued.
MENTIONED IN THIS ARTICLE
William G. McAdoo
Hudson& Manhattan Railroad Company
Lincoln Trust Company
Quincy Mining Company
J. P. Morgan & Co
Ow — Erie Railroad Company
Fifth Mort
Buffalo, Newper Fox & Erie Railroad Company
Iowa Central Railway Company
Tailer & Co
Cotton Market Shows Nervous Start with Firm Close
The cotton market opened steady amid higher cables and wet Central belt weather, moved to stronger activity and a firm close up 8 21 points. Old crop demand remained solid while new crop dipped mid session. New Orleans rose after the close and will be closed today with spot at 11.85 middling upland and 11.60 middling Gulf. Southern markets showed varied activity with Augusta 10 1 2 c and New Orleans firm at 10 3 4 c.
MENTIONED IN THIS ARTICLE
New Orleans
Jung
Gulf
Augusta
Galveston
Charleston
Norfolk
Clower
Memphis
Securities Auction Report at Vesey Street Exchange Sales Room
Yesterday’s sale at 14 and 16 Vesey Street by Mull er & Son auctioneers listed numerous securities. Prices ranged from 11 to 169 percent with bonds and preferreds including Wheeling & Lake Erie, Oregon Railroad & Navigation, Brooklyn Rapid Transit, United States Rubber, American Beet Sugar, Southern Pacific, National Lead, Rock Island, Central Leather, United States Express, Long Island Railroad, Standard Oil of New Jersey, Northwestern Ohio Natural Gas, E. W. Bliss, Tenth & Twenty third Street Ferry, Bond and Mortgage Guarantee, Central Trust, Atchison Topeka Santa Fe, International Construction, Mexican Timber Field, Kansas City Mexico Orient, Sierra Madre Development, Chihuahua and Sinca Development, Phenix Insurance, Williamsburg City Fire Insurance, and various stock trusts and certificates. Accrued interest and calls were noted where applicable. Rows show diverse issue types including bonds due dates and interest schedules.
MENTIONED IN THIS ARTICLE
Bay State
N. Y
Sears-Roebuck
Standard Salt
United Cigar
Chi. Subway
Alaska Mines
Boston Copper
Brit. Col Cop. A
Butte Coalit al
Butte & N
Carisa
Giroux
Goldfield Con
Daisy
Cananea
Gug
Inspirat
Kerr Lake
King Edward, Si
la Rose
Mason Valley
Miami
McKin.Dar
Mines Co
C. R
Nev. Con
Ray Con
Search
Stewart Weaes
New York Times
Tuolumne
Philadelphia
United
Philadelphia Transit Com Bondspany
Atchison Rts
Atch
Traction
Jones & L
Union Traction
West Pac
United States Steel
Cambria Steel
American Tobacco
Arte
O Am
Bay State Gas
Eese Oss
American Cement
Bell Pace Seite
Butte Coalition British Col. Copper
Esesee
Eeeee Ae
Butte & New York Eee Hi
Central Foundry
General Asphalt
Chicago Subway
Hunt. & Broad Top
Ins. Co
North Am
Lake. Superior Corp
Cobalt Central
Lehigh Navigation
Cumb.-Ely Mining
Lehigh Nav
T. C
Davis-Daly
Lehigh Valley
Dolores Mines
Pennsylvania Railroad
Oon Douglas Copper
Penn
Giroux Mining
Escene
Philadelphia Co
Goldfield Con Oo
Philadelphia Co. Pf
Goldfield Daisy
Philadelphia Electric
Greene-Cananea
Phil
Miami Copper
Micmac
Nevada
S. Steel
Wabash
Utah
Warwick Iron & Steel
Nipissing Mines Co
Ohio Copper
Searchlight M & M
United Dry Goods
Yukon
Vesey Street
Adrian H. Muller & Son
Wheeling & Lake Erie Railway Company
Oregon Railroad & Navigation Company
Consolidated Mortgage
Brooklyn Rapid Transit Company
United States Rubber Company First Preferred
United States Rubber Company Second
American Beet Sugar Company
American Beet Sugar Company Common
Southern Pacific Company
National Lead Company
Rock Island Company Common
Central Leather Company
United States Express Company
Repuree E. W. Bliss
Long Island Railroad Company
Standard Oil Company of
New Jersey
Northwestern Ohio Natural Gas
E. W. Bliss Company
Tenth & Twenty-third Street Ferry Company
Central Trust Company
Atchison, Topeka & Santa Fe Railroad
International Construction Company
Mexican Timber Field Company
Kansas City, Mexico & Orient Railway Company
Sierra Madre Development Company
Chihuahua
Treasury balances report for June 2
The Treasury began today with a set of figures showing cash in various funds valued at over 1.3 billion dollars, along with additional tallies in the tens of millions. The document lists balances across multiple accounts and denominations, reflecting the day's financial position.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Hayden resigns from Goldfield Consolidated board
Mr. Hayden of Hayden, Stone and Co resigns from the directorate of Goldfield Consolidated. The Copper, Curb and Mining Outlook advertises its weekly mining news issue on sale today in major hotels with 82 pages of live mining camp reports and a new cobalt map. Price five cents. 72 Trinity Place, New York.
MENTIONED IN THIS ARTICLE
Hayden
Hayden, Stone & Co
Goldfield
Plaza
New Netherland
Savoy
St. Regis
Grand Union
Belmont
Knickerbocker
Astor
Waldorf-Astoria
Wolcott
Holland
Imperial
Gilsey
Breslin
Hoffman
Trinity Place
New York
Metropolitan West Side Elevates Stock Market Rally
Chicago stock notes show Metropolitan West Side Elevated preferred rising to .52 on the local exchange with Booth Fisheries gaining to the high trade level since listing. Several issues posted small gains and losses with mixed activity across the market including American Can and U S Steel among others.
Bank withdrawal drains Assay Office gold for Paris steamer
National City Bank withdrew $885000 in gold bars from the Assay Office for export by the steamer to Paris. The action again exhausts the Assay Office supply of exportable bars.
MENTIONED IN THIS ARTICLE
National City Bank
Assay
Paris
Farmers' Loan and Trust Company Address Listing
The Farmers' Loan and Trust Company provides addresses for its offices at 16 18 20 22 William Street New York NY 475 Fifth Avenue New York London 18 Bishopsgate St Within Paris 41 Boulevard Haussmann and notes payable throughout the world by the Administrator.
MENTIONED IN THIS ARTICLE
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
New York
Local Exchange Closing Quotations Report
Colorado Springs quotes list auction numbers for Dr Jackpot Elkton El Paso Portland Gold Dollar and Vindicator with bid and ask pairs. Notable figures include Jackpot at 9 and 8, El Paso 48 43, Portland 8 8 9 1 g, Isabella 21 2 2, McKinney and Sample sais with varying figures.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Jackpot
Elkton
McKinney
el Paso
Portland
Vindicator
Isabella
Reward for swindler arrest and conviction in NYT notice
The New York Times offers a $100 reward for the arrest and conviction of any swindler who obtained money by false pretenses through a misleading or fraudulent aid appearing in The New York Times.
MENTIONED IN THIS ARTICLE
The
New York Times
New York
Also Mentioned on This Page
Wall Street
Pee
Iblic
Atchison
Lise
Atchison Common
United States
St Falco
London
St. Louis
St. Louis Southwestern
Outside Securities
Grain and Provisions
Budapest
Berlin
Liverpool
Northern
Duluth
New York City
Chicago
Eeresere
Financial Notes
Fulton Trust CO
Nassau Street
Guaranty Trust Co. OF
Ust
Lombard ST
York
B. C
Washington Trust Company
Broadway
Phenix Insurance Com
Brooklyn
Williamsburg City Fire Insurance Company
the Treasury Balances
Philippine
Nevada Consolidated Copper Co
Carl H. Pforzheimer
Chicago Stock Market
Metropolitan West Side Elevated
Booth Fisheries
Fisheries Common
Booth Preferred
American Can
American Canaf
Am, Shipbuilding Pf
Booth
Canal & Dock
Chicago Telephone Scale
Diamond Match
Kansas City Light Dvsg
Metropolitan el
National Biscuit Pf
People’s Gas
Wicha Ld
Quaker Oats
South Side el
Street’s
Ageedeesen Ong
Swift & Co
United Boxboard
U. S. Steel
Bishopsgate St. Within
Boulevard Haussmans
Travelers’ Letters of Credit
Guardian
San Francisco
4Ale
Norcross
Andes
Kentucky
Belcher Wee Wees
Wexican
Wee Best
Belcher
Occidental
Ophir
Caledonia
Overman
Potosia
Savage
Confidence
Sag Belcher
Diamondfield
McNamara
Goldfield C. M
Midway
Great Bend
Red Hills
Goldfield Sandstorm
Adams
St. Ives
Atlanta
N. B
Montgomery Min
Colorado
Atchison, Topeka & Santa Fe
Coggeshall & Hicks
Bankers
Chesapeake and Ohio Railway Company
Central Trust Company of New York
Railway Company
City of
Central Trust Company of
Geo. W. Stevens
Cincinnati, Hamilton & Dayton Railway Company
Cincinnati, Hamilton & Dayton
Baltimore & Ohio Railroad Company
J. N. Wallace
Harry Bronner
F. S. Smithers
Henry S. Redmond
John H. McClement
F. L
Joline
Larkin & SS Athbont
GHO
T. T
New York Realty Owners
Fifth Ave
Mississippi Central Railroad Company
Standard Trust Company of New York
Harvey Fisk & Sons
Cedar Street
Borough of
Manhattan
City of New York
F. L. Peck
Lawyers Title Insurance& Trust Company
Montague Street
Edwin W. Coggeshall
Louis V. Bright
Thorwald Stallenecht
Archibald Forbes
David B. Ogden
GEO. F. Butterworts
Dumont Clarke
William A. Day, William P. Dixon, Julian D. Fairchild
John T. Lookman
Henry Morgenthaog
James N. Wallace
Development Company of America
Pine Street
Trust Company OF America
WM. H. Leupp
Cincinnati Gas Transportation Company
Cincinnati Gas and Electric Company
A. B. Leach & CO
State St
Boston
Dearborn St
Chestnut St
Crosstown
R. R. Co
Metropolitan Crosstown Railroad Company
First
Columbia Trust Company
J. Augustus Barnard
Sylvester C. Dunham
William D. Kelly
Willard V. King
Eben Sutton
G. C. Phillips
City Southe Way CO
Kansas City Southern Railway Company
New York Trust Company
Broad Street
Kansas City Southern Railway CO
J. A. Edson
R. B. Sperry
National Bank of North America
N York
John W. McKinnon
New Amsterdam National Bank of
Curb Mining
Edward E. Epps&c
William St
Panama Rail Road Company
State Street
Purchasing Department
North Point Street
Cal
Lake Street
Ill
Wendell L. Simpson
19Th Infantry
Panama Rail Road Co
Colorado Fuel & Iron Company
Denver
Colorado Fuel and Iron Company
Colorado Fuel Company
Metropolitan Trust Company
Atlantic Trust Company
General Mortgage Sinking Fund
L. M. Bowers
Fort Hamilton
Fort Wadsworth
Dept. of the East
Governors Island
Quartermaster’s
Cleveland and Marietta Ratiway Company
Pittsburgh
Tt. H. B. McKnight
Fort Hancock
N. J
Post Hospital
U. S
W. J. Hawkins
U. S. Army
Commissioner of Immigration
Ellis Island
William Jams