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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 03, 1913

Page

12

Markets Under Heavy Pressure From New Security Issues

Across Europe and North America heavy selling followed a wave of new security issues and government borrowing. Canadian Pacific led losses with declines near double digits while Union Pacific faced uncertainty over Southern division plans and possible receivership. The overall market traded at a new yearly low as foreign funding shifted to Mexican and European loans, with cotton and wheat movements offset by rainfall news.

Atlantic Europe Canadian Pacific Berlin Germany London Union Pacific Tennessee France Southern Union T Pacific Union F Pacific Southern Pacific

Wall Street Decline Drives Stocks to New Year Lows

The market fell with railroad averages at 41.22 and industrials at 5.00, marking new yearly lows. Canadian Pacific plunged amid cross-Atlantic trading, while investors debate reasons behind the drop and brokers adjust positions. Directors weigh a 1.5 percent preferred dividend for American Can Company amid good quarterly earnings. Investors seek more frequent quarterly reports from Virginia Carolina Chemical Company to track performance.

American Can Company Vulcan Detiining Company Virginia-Carolina Chemical Company

Outside Securities Sees Few Advances Among Declines

Unlisted securities traded quietly with most issues posting losses. Tobacco Products preferred was among the few gainers, closing at 106 and up 3 points. Bonds remained quiet and irregular as yesterday's transactions were reported.

Tobacco Products

Treasury Statement Details Receipts and Expenditures

The Treasury statement released today in Washington outlines receipts and expenditures for Saturday and for the elapsed periods of the month and fiscal year. It details financial activity and totals across the early 1920s reporting period.

Treasury New York Times Washington United States Treasury

Bourses of Europe

London reports a strong money demand with loans and bills, while Berlin and Paris show firm and easy prices respectively. Continent markets slump as Canadian Pacific shares fall, and German imperial consols influence Berlin trading.

London the Times Berlin India Balkans Stock Exchange

Consolidated Exchange Opens With Selling Pressure

The Consolidated Stock Exchange opened at 9 30 with selling pressure. Early prices showed declines from last Thursday's close, from Erie down a fraction to Canadian Pacific down seven eighths. The decline deepened but small rallies occurred late as short covering appeared. American Woolen was sold, marking the only market for that stock in Wall Street that day.

Canadian Pacific Montreal London Berlin Amsterdam London Exchange New York Canadian Pacific Post Canada England Germany France United States Consolidated Exchange Consolidated Stock Exchange Erie Wall Street

Baltimore and Ohio completes $50 million note payment

The Baltimore and Ohio Railroad Company finished paying $50 million in cash to holders of three year 4 percent notes due June 1. Of the total, $10 million was held abroad, and the payment was made last Saturday before the Sunday maturity. Proceeds came from a recent sale of $63.25 million twenty year 4 1/2 percent convertible bonds. The treasury now holds about $77 million in released securities though no major bond sale is planned.

Baltimore & Ohio Railroad Company

Distillers Deny Rumors About Finances and Interest

Chairman Hodges denies rumors about the Distillers' Securities Corporation financial condition. He says the company expects earnings to cover interest due this year and that interest will be paid on Oct 1. He notes whisky sales are higher, though income from raw spirits is down due to price cutting.

Hodges Distillers’ Securities Corporation Arflory A. Hodges Rennae Aera Fe Aaster Distilling Corporation

Stock Market Averages 1913 Railroads and Industries

The report lists average quotations for twenty five leading railroad and twenty five leading industrial stocks and provides combined averages for these two groups. It reflects the market performance of railroads and industries in 1913 with summarized figures.

Money on call rates and foreign exchange summary

Money on call loaned on Stock Exchange collateral at 2 percent last loan. most business at 3 percent. Time money 3 4% for sixty days, 4 4% for ninety days, four months, five or six months, and 5 5% for eight months. Commercial rate quoted at 5 6m% for leaving House 178, sub treasury balances. Foreign rates: London bills and Paris and Berlin discounts noted. Cable and sight rates listed for Santen Cane and Paris Berlin Switzerland etc. Sixty and ninety day bills from London banks and commercial desks shown. Domestic exchange rates cited for Boston Chicago St. Louis and San Francisco with premiums.

Stock Exchange House Credit Balancs London Paris Berlin Switzerland Holland Ble Bankers London — Commercial Boston Chicago St. Louis

Silver Quotations Steady in London and New York

Bar silver held firm in London at 27 11 1 d. per ounce and remained unchanged in New York at 60 cents per ounce.

London New York

Bank of Germany Weekly Statement Highlights Changes

The Bank of Germany in Berlin reports that cash hand in circulation increased while credit and deposits show changes. The weekly summary notes shifts in monetary components with overall expansion in circulation.

Bank OF Germany Berlin

Also Mentioned on This Page

Eastman, Dillon & Co New York Stock Exchange Broadway New York Central Lines New York Central Lake Shore Michigan Central Big Four Pittsburgh Lake Erie Toledo & Ohio Central Bend Farson, Son&Co I Dicebazu Nat'l Bank N. W. Halsey & Co Wall Street, New York Philadelphia San Francisco Harris, Forbes & Co N. W. Harris & Co Pine Street Col. William New York Governmentunicipal Railroad and Public Utility New Jersey A.b.leach& Co. Investment Securities Broadway, New York Buffalo London, Eng Baltimore Safe Investments O'Connor & Kahler Eae Lawrence Barnum&Co Redmonds Pine St Public Utility Securities Light & Traction Light & Traction Pf Adirondack Eiec Power Aeenee Adirondack Elec Gas & Electric Wero Am Gas & Elec Commonwealth P &L Mauecett Commonwealth P., R. & L. Pf Denver Gas & Elec Gen Empire District Electric Federal Light & Traction T & Traction of Ween Federal Utilities Co., Inc Gas & Electric Securiteras Erde Gas & Electric Securities Sane Lincoln Gas & Settee Montana Power Co OT Power Northern Ontario Light & Northern Northern States & Power Pl Northern States Power Senguben Ozark Power & Water Co Pacific Gaa United Utilities Eee Ee United “Utilities Aneo Rs rSstern Ns Basi Pens Eee Lc Co Brooklyn Rapid Transit St. Paul Atchison Ohio Cantral AEG Iehigh Northern Pacific New Nans Outside Securities Bank of Baltimore Consolidation Coal Idelity & Deposit United Railways Con, Coal Co United Rys United Cambria Steel Cambria Iron Anne General ‘Asphalt General Ins. Co Keystone Tel Lehigh Ai Og Lehigh Valley Lehigh Val. Tran Lehigh Val. Ae . Penn Penn Steel Pt Phila Hila RT Phila Trac Reading Rock Island Ween Southern Ry Third Avenue Tonopah Belmont Tonopah Mining Union Pacific Tee United Gas Con. Trac Equitable Ijum Lst Keystone T Lehigh Val Tig Om Br.-Am Em.-Brant N. J U.C Willys Over Alaska G. M Bessle Braden Buf. Mines Can. G. Sil D. Con D.daly Giroux Gr.Can. Eeeee Iy Greenwater Ie Tho Kerr Lake R. Con de K.carr Nev. Hills Nipines Co Stewart Wett. Sil. M Utah Bing Hillev Us Boston & Albany Maine Mass Elec. Pf Anglo-American N.Y Bay State Jas AS Go -Union ‘Pacific If. & HH Rubber Tire Chem Sane Con Chem Continental Brantingham Havana Tobacco Havanna Tobacco Houston Owl Houston Cumperl Lehigh V. Coa Boston Land Manhattan Transit Edison Crewe Esas Mays National Sugar Gen Electric New York Trans Mass Gas Mexico McElwain al -New England Pullman R. J. Reynolds United Cigar Stores He - Torrington Co. O United Fruit U S. Light & Heat United Shoe S. Light & H F United Shoe Pf Butte Ariz First National Florence Alaska Goldfield Midway Alloues Eee Lon- N.Y Halifax Tonopah Mason Valley of America Wire Consols Money Pn Mines Coweenie Boston & Corbin Fc Consols Butte & Superior Sik Pacific Smelters Cal. & Arik. Sc Ccs South Utah Ats Calumet & Hecla East Greene-Cananea Central Hancock - Se Louis. & Na Panies. Ao Indiana Sas & Texas Tropgie Y. R. Central Cook Ae Light Ng C.G. D Norfolk & West Newersey M. Co Lake Evereee New Utah Bingham Orason Valley Ontario & West West End Ocean Miami Braden Copper U. S. Steel New Arcadian Wabash North Butte City North Lake Western Pacific Pond Creek Gms Shannon St Mary's Land Superior Trinity Tuolumner Ess Smelters U. & Smelters of Tee Utah Copper Winona Teen Enae Wolverine Wyandotte Boston Curb Begole Vy Houghton Bohemia Boston Ely Majestic Eee Bourses OF Europe Marconi Acific Standard Oil Bia. Pon Bid Datserican Oil Eeeate Ee Ee Onew Cumberla Eureka Galena-Signal Indianape Lines National Transit New York Transit Northern Pipe Ohio Ol Prairie Oil & Gas Solar Refining Southern Pipe Line South Penn Can W. Penn Ind Kan Woost Hilll Standard Oil Neb Standard Oil CN. Y Swan & Pinch Patereeres Washington Oil Waters-Pierce OU Lane Ganeaaee R. Petco O- Cal Can Pacific Ceee Neers Cal &I Co Sant Mex Mo. K. & Tex Son Nevada Enam N Csce Union Pac Steel West Atlanta Sateen North Ji One Soius Conley Tinfoil Ween Johnson Seere, & M. Tip LJ. S Young Macaudreee & F Ons, P. R.-Am. Tobacco Reynolds Stee Ene R. J. Reyn. Pf. W Mit UN. Cigar Stores Amal Ciov Boston & Me Bkly R. T Erie Eseree Hocking Hudson Cos Saly Lack TA & M Man Aes Mont. T. & P Ue Central NS Heé A - Air Line R. M SOF Et. Utah Co Iim Booth Fisheries Pf Chicago Ry Chicago T Commacanaria Ing. Harvester Av National Iiscuit Tso Ntional Carton TOY National Carbon Pf Peoples Sears-Roebuck Chicago Tel Ss Aurora Elgin City Railway de Edison Lone Mortis Ts En Etee Chivago Railway Columbia Gas Crucible Steel Harb Walker Ohio Fuel Su Ys Osate & Ok Pitts Oil & Casa Brewing Pitts Brewing Pf San Toy T. S. Steel Switch & Sig Westing Westings Emee Pitts, Brewing Financial Notes John Davenport & Member Paterson & Co Apoint K. Rice, Sr. & Co Charles N. King Tae New York City Railroads Ee Een Nene Industrials Cacseseees Ighan Seni Ae Ee Sune Combine Money and Exchange Thursdey Rhoades & I Company Sphrite & Ev. Bankers J. K. Rice, Jr. & Co American Cigar Cities Service Del Lackawanna & Aes Coal General Bakin Prudential Insurance Otis Elevator Wert Metal Producta J.k.rice & St.& Co Bertran Franet Chicago & Indians Fort Worth Ile Grande Kansas Pew & Bir M & Ibert Eliott & C Wall St Tel Hanover E.&c.randolph Mombese New York Stock Ae Bend Sod Open Markat Securities Doyartarst T. F. Shields, Mgr Investment and Other Securit Mexic Babcock & Wilcos Stock Thompson. Towee Pomroy Bros Manatee Arner, Tucker & Co
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