Wall Street Traders React to Mixed Market Movements
Reports show stock volume over 1.6 million shares with St Paul and Northern Pacific signaling a cautious mood. Southern Pacific price parity with the common and Atchison’s 4 point rise, plus new convertible bonds, shape a tense market as analysts debate dividends and potential undercurrents.
MENTIONED IN THIS ARTICLE
St. Paul
Traffic Alliance
Northern Pacific
Metropolitan Street Railway Receivers Certificates Sold
$3,500,000 of one year 4 percent receivers certificates issued by the Metropolitan Street Railway were sold to Central Trust Company. William A Read & Co. shared in the purchase with half the issue. The bankers offered their portion at 100 percent yielding 4 percent to investors.
MENTIONED IN THIS ARTICLE
Metropolitan Street Railway
Central Trust Company
William A. Wread & Co
Metals Market Shows Upward Tendency on London and New York
Copper and tin prices advanced on both London Metal Exchange and New York spot trading. Copper rose in bid and ask, tin strengthened, and spelter gained while lead held steady. London futures posted gains from Thursday’s close, with spot copper at 61 5s and futures at £62 2s 6d.
MENTIONED IN THIS ARTICLE
Metal Exchange
London
Cleveland
New York Metal Exchange
Cotton Exchange welcomes Burton and Casiles member
Samuel Sloan Auchincloss sails today for a trip abroad from Taylor Auchincloss Joost. Tailer Co announces Equipment Trust certificates sold to Iowa Central Railway. Lake Superior Corporation bonds will be paid at Bank of Montreal agency. Central Trust and William A Read & Co purchase $3.5 million Metro Street Railway receivers’ rates dated June 15 for one year at 1 cent.
MENTIONED IN THIS ARTICLE
Burton& Casiles
Cotton Exchange
Samuel Sloan Auchincloss
Aylor
Auchincloss & Joost
Arema
Tailer & Co
Pine Street
Iowa Central
Lake Superior
Bank of Ontreal
Central Trust Company
William A. Read& Co
Metrostari Street Railway Company
Acreage of Cotton Falls 4.4 Percent in 1909
The Crop Reporting Board of the Agriculture Department estimates total U S cotton area at about 31 918 000 acres for 1909 or 95 6 of last year’s planted area down 4 4 percent. May 25 crop condition 81 1 percent of normal versus 79 7 in 1908 and 81 4 average.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Crop Reporting Board
Department of Agriculture
Department
United States
Financial Chronicle
Journal of Commerce
Virginia
North Carolina
South Carolina
Georg Stress
Florida
Alabama
Mississippi
Louisiana
Texas
Arkansas
Tennessee
Missouri
Oklahoma
Georgia
Cotton Market Shows Weakness After Government Report
The cotton market opened steady to a small advance on rains in the Eastern belt, then softened with yesterday government data. last prices showed a net loss of 1 to 4 points. Weekly U S market figures show port receipts at 9,643,515 bales and overland to mills at 1,208,662, with total season movement 13,037,389 bales. Spot cotton stood at 11.50 for middling upland and 11.75 for middling Gulf, with Southern markets quiet and mixed bids across Galveston Savannah Norfolk Augusta Little Rock New Orleans Houston.
MENTIONED IN THIS ARTICLE
New York Cotton Exchange
Canada
Gulf
Galveston
Savannah
Norfolk
Augusta
Little Rock
New Orleans
Houston
New York Times
Philadelphia
United States
American Cement
Baltimore & Ohio
Bell Telephone
Brooklyn Rapid Tran
Cambria Iron
Cambria Steel
Catawais Sand Pf
Eae
Delaware Insurance
Elec. Co. of America
Southern Pacific
Southern By
Tonopah Mining
Union Traction Vee
United Gas
Steel
Eeeenes
Steer
West Jer
Warwick L& Es
American Can rises in Chicago trading session
American Can preferred reached 86 before midday, a 4 point gain, with common at 84 and 15 for the common. Chicago Telephone Commonwealth Edison Carbon and Title and Trust advanced early, while Swift closed at 110 and Street at 4954. Fisheries common hit 11144 and preferred 55% at session close.
MENTIONED IN THIS ARTICLE
New York Times
Chicago
Chicago Telephone
Commonwealth Edison
Carbon
Title and Trust
Swift
Tool
Booth Fisheries
Chi
Pneu. Tool
Chi. Bys
Chi, Rys
Chicago Subway
Chicago Title & Trust
Edison
Illinois Brick
Coeces
Kansas City Light
National Biscuit Eeree
National Carbon
People’s Gas
Ieee
Sears-Roebuck
Swift & Co
United
Treasury Opening Condition Report Cites Ledger Status
The Treasury's condition at the start of business today was reported with the morning balance and ledgers showing the day’s financial posture. Officials indicated current liquidity and asset levels, outlining any outstanding obligations and available cash for government operations.
MENTIONED IN THIS ARTICLE
Washington
Treasury
European Markets Quietly Firm as U S Advances Dominate
London traders report easier money due to government disbursements while American stocks push higher on Wall Street. United States Steel and major rail names rise, with Union Pacific surpassing 200, and Paris and Berlin bourses show firm closes as foreign and Kaffir demand shifts.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris
Atchison, Topeka & Santa Fé
Missouri Pacific
Missouri, Kansas & Texas
Harriman
Zentercey & New York
Clo
United States Steel
Wall Street
Oer
Southernacific
Union Pacific
Local Exchange closes with June 4 transactions in Pittsburg
Pittsburg on June 4 reported closing transactions at the local Exchange with routine end of day figures. No further details on specific securities or values are provided in the brief.
MENTIONED IN THIS ARTICLE
New York Times
Pittsburg
Foreign Trade Opportunities Special to The New York Times
The Daily Consular and Trade Report lists American openings abroad in windmills and towers, gas engines, and marine boats. It notes representation plans in Italy, abattoir equipment bids for a South American city, and a Latin American pier and lighthouse project with a 70 meter pier to be timber and zinc covered, due within a year from April.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Bureau of Manufactures
Department of Commerce and Labor
Washington, D. C
Latin America
Canada
Italy
United States
Quiet Coffee Market with Low Volume and Small Declines
The market stayed quiet with little movement yesterday as prices opened unchanged to slightly down. Trade reported only 5,500 bags sold, with Brazilian ports showing mixed signs including Santos steady and Rio slight rise. receipts at Havre Hamburg and Jundiahy fell versus last year, while spot Rio No 7 held near 8 cents.
MENTIONED IN THIS ARTICLE
France
Havre
Pfennig
Hamburg
Santos
Rio
Jundiahy
Closing quotations on local Exchange in Colorado Springs
June 4 report lists closing bids and asks for several securities at the local Exchange. Names such as Dr. Jackpot and Portland are noted among the quotations, with prices shown in dollars and cents. The fragmentary text records market activity and irregular spellings typical of the period.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Portland
Reward Offered for Swindler Arrest in Fraudulent Ad
The New York Times will pay a $100 reward for the arrest and conviction of anyone who obtained money under false pretenses through a misleading or fraudulent advertisement appearing in The New York Pine.
MENTIONED IN THIS ARTICLE
The
New York Times
Newe York Pine
American Can declares quarterly dividend on preferred stock
The American Can Company announces a quarterly dividend of 1 percent on its preferred stock, payable July 1 1909 to stockholders of record at the close of business June 16 1909. Transfer books remain open and checks will be mailed. R H Ismon secretary.
MENTIONED IN THIS ARTICLE
Union Pacific Railroad Company
Broadway
New York
N. Y
Frederic Y. S. Crosby
Chicago, Indianapolis and Louisville Railroad CO
Messrs. J. P. Morgan & Co
Wall Street
THE
International Lumber & Development CO
Drexel Bldg
Phila
Co. M. McMahon
American Can Company
R._H.ISMON
Mercantile National Bank
Emit
Klein
Thompson-Starrett Company
Universal Appliance Company
John H. Iselin
Broad Street
Borough of Manhattan
Robert F. Manning
Construction proposals for Fort Wadsworth post exchange building
Sealed proposals in triplicate due by June 22 1909 in Fort Hamilton New York for construction heating plumbing and electric wiring of a Post Exchange and Gymnasium at Fort Wadsworth New York. Plans and specs available with deposits. bids accepted only for entire work. right to reject any proposal reserved.
MENTIONED IN THIS ARTICLE
General Purchasing Officer
Isthmian Canal Commission
Washington, D. C
State Street
New York City
Hibernia Bank
New Orleans
North Point Street
San Francisco
Cal
U. S
Seattle
Wash
Los Angeles
Baltimore
Quartermaster
Fort Hamilton
N. Y
Fort Wadsworth
Dept. of the East
Governors Island
Fort Hancock
N. J
Post Hospital
W. J. Hawkins
U. 8. Rmy
Notices of Annual Meetings and Public Bid Openings
Multiple institutions announce annual meetings elections and bid deadlines in New York City area. Mutual Life Insurance Company of New York schedules trustees election June 7. United States Cast Iron Pipe Foundry Company and The College of the City of New York issue meeting and bid deadlines. Department of Water Supply calls for sealed bids June 16 for various materials and services. Docks and Ferries announces dredging and ship repair contract bid deadlines.
MENTIONED IN THIS ARTICLE
New Yor
New York
State of New York
Mutual Life Insurance Company OF New York
William Predenick
THE
Mutual Life Insurance Company
United States Cast Iron Pipe Foundry Company
Broadway
Exchange Place
Jersey City
N. J
B. F. Haughton
Receiver appointed for Metropolitan Surety Company assets
The Supreme Court of New York Albany County appoints a permanent receiver for all property and effects of Metropolitan Surety Company for creditors and stockholders. Receivers require debtors to render accounts by June 12, 1909, deliver property by June 12, 1908, and present proven claims by July 17, 1909. Also notices a name change petition for Great Eastern Casualty and Indemnity Company of New York to Great Eastern Casualty Company with a June 2, 1909 hearing.
MENTIONED IN THIS ARTICLE
Supreme Court of the Stete
York
William Street
Manhattan
State of New York
New York
John F. Yawger
New York City
Ward R. Finch
Nassau St
Borough of Manhattan
City of New York
Supreme Court OF the State OF
Great Eestern Casualty and Indemnity Company of
County of New York
Supreme Court of
County Court House
Manhatta
Great Eastern Casualty Company
Great Eastern Casualty and Demnity Company OF
Louis H. Fibel
Dent
Thomas H. Darling
Samuel H. 3Uggenheim
Petitioner
P. O. Broad
Also Mentioned on This Page
Southern
Atchison
Earsay
Interborough
Metal Market Reports
Financial Notes
Seesa
Chicago Stock Market
Re General Fund
UFY
Secesesce Ting
Coedeoren Borrent
Berlin
American Securities
Canadian Pacific
Lon- N. Y Y
Don. Equiv
Close
Anaconda
Cererane Pacit
St. Weaeee Nio
Erie
Foreign Public Securities
Pittsburg Transactions
Saxony
Steeseeennn Sg
City of
Cologne
Augsburg
Munica
Frankfort-on
Vienna
D . Camp Bird
Esperanza
Tomboy
Allis-Chalmers
Allis-Chalm
Car & F
Ge Cos
S. F
Baltes Ac Ie
Brook
Erie’ - Dist
Eerie
Enecesee
Ee Nor. Pf
Ti. Central N. Orectfs
Inter.-Met
Kan. City Soc
Louis. & Nash
Pacific
N.Y. Central
Norfs & West
Pennsylvania
S. Car
Ry. Steel Spg
Reading
Aeece Ey
Rep. Steel
Rep. Steel Pf
Rock Island
Rock Isl. Pf
St. LS
Southern Pac
Rea
Southern Ry
Tenn. Copper
Texas Pacific
Union: Pac
U. S. Rubber
U.S. Steel
U. S. Steel Pf
Utah Copper
Va.-Car. Chem
Wabash
Eee Ae
Wabash Pf
Best & Belch'r Ae
Blue Bellacee
Comstock
Chollar Ae
Caledonia Co. C
Con. & Va
Montgom
McNamara
Newhouse
Ontario Oes
Ophir Seeee
Overman Oes
Potoseevees
Sese
Sandstorm
Last Cable Consolidated c
Consolidated Ice
Crucible Steel
Crucible Steel Pf
Light & Heat
Ohio Fuel
Pittsburg Brewing
Pittsburg Brewing Pt
Pittsburg Coal Pig Wea
Pittsburg Plate
River Coa Saeeessere
Ross Mining
U S. Steel
Sewn Ewee
Westing
Edtricats
Penn
Secneeee
West Penn
Real Estate Trust Exchange Nat. Bank
Citizens’ Traction
Independent Brew
Pitts
McK. & C
Jones’ & Laughlin
Kansas Gas
Mount Elliott
San Toy
Union Gas
Eee
Maryland Casualty
Consolidated Gas, Electric Light & Power
Northern Centra
Anacostia & Posto
Bklyn Rapid T
Chas. & W. Caro
Cc. G
Cot. Duck Pf
Ga. So. & Fla
Mechanics’ Bank
Merchants’ Bank
Northern Central
Seaboard L
Fidelity
Maryland
Ae Ee
Ee Ae
Ee Ee
Pelea Com
Ces
Anges
Vessee
Belcher Ee Eeare
Occidental
Best & Belcher
Ophir
Overman
Calefonia
Potosi Challenge
Savage Cholar
Sag Belcher Eee
Unionn
Nevada
Seeae
Imperial
Utah
Crown Point
Hale & Norcross
Telegraph
Tonopah Petra Sheree
Belmont
Eee Goldfield Mines
Jim Butler
Great
Seeeeee McNamara Crescees
Jumbo
Midway Sete
Kendall
Montana
Eareese
Lone Star Wee
North Star 'S
Red_ Hills
Ohio
Silver Pick Goldfield
Frog Adams
Bullfrog Mining
Atlante
Colorado
Farmers’ Loan and Trust Company
Fifth Avenue
Bishopsgate St
Within
Boulevard Hanssmens
Travelers’ Letters of Credit
Guardian
Union Trust Company of New York
38Th St
Western Pacific Railway Company
Denver and Rio Grande Railroad Company
E. T. Jeffery
Denver & Rio Grande Railroad Company
Denver. and
RIO Grande Railroad Company
Blair & CO
Fifth Ave
New River
West Virginia
COAL
Chesapeake and Ohio
Winding
Gulf Colliery Co
Union Trust Building
Cincinnati
Water Front Properties
Floyd S. Corbin
Wall Street, N. Y
West 125Th St
Andrew J. McCormack
Adrian H. Muller & Son
William ST
Exchange
Vesey Street
ORDF
Niagara Fire Ins. Co
Norfolk & Western Rway Co
Adj
United States Steel Corp
Pacific Coast Co
Union Pacific R. R. Co
Atchison, Topeka & Santa Fe
R. R
Laclede Gas Light Co
St. Louis
R. R. Co
Interborough Metropolitan Co
Common
Old Dominion Iron & Nail Works Co
P. c. God Eds
Old Dominion Lord Co
Newport News Light & Water Co
Mtge
P. c
Bond Scrip
North Jersey Land Co
Central Land Co
West Va
Evansville Cotton Manufacturing Co
Evansville
Indiana
Guaranty Trust Co
Mercantile Natl. Bank
Fidelity Trust Co
Newark
Durland Riding Co
Northern Bank of
Apsley Rubber Co
Shelby Iron Co
Rio Grande Southern R. R
Bond & Mortgage Guarantee Co
Northern Bank of N. Y
Green Bay
Wisconsin
Kings Co
Realty Associates
Brooklyn Trust Co
Sree
Ohio Ry
Terre Haute & Peoria R. R
Lebanon & Northern Ry
Guar.ds
Ins. & Trust Co
American Type Founders
American Sight Seeing Car & Coach Co
St. Louis Merchants’ Bridge
Terre Haute & Pepvia R. R
Central Indiana
Winona
St. Peter
Memphis
R. M. Price
Wall St
Adjutant General’s
New York State Arsenal
85Th St
Seventh Avenue
35Th Street
Naval Militia
Mohican
Anchorage
Travers Island
Needy H. Henry
Commissioner of Immigration
Ellis Island
College OF the City OF
Amsterdam Avenue
College OF the City OF New York
One Hundred and Thirty-ninth Street
St. Nicholas Terrace
Lexington Avenue
Edward M. Shepard
James W. Hyde
Frederick P. Bellamy
Parker D. Handy
Theo. F. Miller
Lee Kohns
Charles Strauss
Henry Corbitt
Egerton L. Winthrop, Jr
Board of Trustees
Committee On Buildings
Borough of
Department OF Water Supply, Gas, and Electricity
Commissioner’s Office
Park Row
Brooklyn
North River
John H. O'Brien
Lehe Kohns
Department OF Docks and Ferries
Whale Creek
Newtown Creek
Plier “ A
Battery Place
Department OF Docks and Ferris
Pier A
Commissioner of Docks
Reme Court OF
Albany
People OF the Stats
Metilitan Surety Company
Utice 15