Market Dips and Uneven Recovery Amid Gold Flows
Financial data show a weak opening and firmer close with scattered gains. Banks lose gold value as exports support loans. Amalgamated and Pennsylvanias swing while General Electric and other majors slide. Grain markets nervous as earnings stay strong. overall sentiment cautious amid lingering labor concerns.
MENTIONED IN THIS ARTICLE
Muir
Het
Penn- Sylvania
AQT
ISH
Amalgamated
Atchisoh
Northern Securities
Mercantile Marine
Wabashis
Purchas
Annual Meeting Notices for Railroads and Utilities
Journal entry notes books close for Americain Sugar Refining Co common and preferred stock Poston and Albany Railroad and Massachusetts Electric preferred stock. Annual meeting slated for Chicago St Paul Minneapolis and Omaha Railroad.
MENTIONED IN THIS ARTICLE
Americain Sugar Refining Co
Poston and
Albany
Americain Co
Massachusetts Electric
Annual Meeting
Chicago
St. Paul
Minneapolis and Omaha
Railroad
Market Features Show Weakness Extends Across Sectors
The market kept sliding with liquidations spreading beyond earlier weak areas. Declines included Lackawanna, Linseed Oil, Sugar, and weaker positions in Consolidated Gas and General Electric amid heavy selling in the industrial sector. London trading remained heavy as losses persisted.
MENTIONED IN THIS ARTICLE
Lackawanna
Consolidated Gas
General Electric
Bank clearings show mixed May totals in Bradstreet data
May bank clearings across ninety four cities reported to Bradstreet amount to 0 078 942 444 dollars, down 24 percent from April and 20 percent from a year earlier outside New York. Across ninety three non New York cities aggregated totals reach 3 504 01 259 dollars, indicating modest shrinkage despite ongoing credit and labor uncertainties.
MENTIONED IN THIS ARTICLE
Bradstreet’s
Alpril
New York
Wall Street
Bradstreet’ S
Cotton Crop Outlook Mixed Under Drought and Warmth
The Chronicle reports on rotten acreage and the June 4 assessment showing higher prices and incentives to increase cotton area. States west of the Mississippi show largest gains with Indian Territory Texas and Alabama noted. overall maturity is late but favorable May weather and fertilizers boost growth and potential yield.
MENTIONED IN THIS ARTICLE
Jalvand. Vinancial
Chronicle
Adler
Tsau
Mississippi
Indian Territory
Pexas
North Carolina
South Carolinas
Alabama
SisSippis
Vis
Tharinssee
Cles
Los
Bos
Indian ‘TeRritory
Bouisiana
Arkansas
Mississippi River
Ob. Willis
Trade Developments Signal Cautious Optimism in Markets
Trade reports from Bradstreet and peers describe a cautious business mood with reductions in early yield forecasts and labor strikes undermining conciliator efforts. Wholesale trade remains dull amid floods in the South, yet the overall outlook is not unhoped, as record wheat potential and higher farm prices offer some producer relief. Foreign trade shows promise with low failures and improving bank clearings.
MENTIONED IN THIS ARTICLE
Bradstreet
Trade Trends and Weather Impacts Across Cities
The article notes mixed economic signals with May railway earnings up 11 percent from last year and April net gains, while floods droughts and fires dampen regional commerce. It cites Dun’s view on conservatism after week of disasters and reports on building permits, clothing shipments, and textile interruptions amid weather challenges.
MENTIONED IN THIS ARTICLE
Dun’s
Laltimore
Philadelphia
Boston
Chicago
Mining Dividends Reach Record Second Quarter Total
The Engineering and Mining Journal reports 48 U S mining and metallurgical firms paid 5 549 228 in May dividends, the second best yearly figure. Of this total 8 920 919 was the quarterly 1 75 percent paid to 41 799 U S Steel preferred stockholders. Amalgamated Copper declared 0 5 percent quarterly 769 430, about 25 percent of metal mine payments. Mexican mines paid 243 080 and two Central American properties 51 000.
MENTIONED IN THIS ARTICLE
Engineering and Mining Journal
United States
United States Steel Corporation
Copper Company
Movement of Currency Shows Weeklong Net Loss of 2.1 Million
Dow Jones & Co report the week’s currency moves with banks losing 2,117,200 while interior receipts reached 6,585,500 and interior outgo 1,088,700. Gains from interior and new gold totaled 1,262,? million, offset by heavy gold exports and Sub Treasury losses. pensions and customs receipts are noted, with currency mainly coming from near and eastern cities.
MENTIONED IN THIS ARTICLE
Dow, Jones & Co
Interior
New York
San Francisco
Gould
Paris
Beerh
Reoaetng
Canada
Igs
Sub-Treasury
Sub- Treasury
Customs
Internal Revenue
Ub -Treasury
Canadas
Sub
Treasury
Moston
Philadelphia
Mustonecathe
Essex and Hudson Gas Company Lease to Public Service Corp
The Essex and Hudson Gas Company leases its franchises plants and property to the Public Service Corporation for 40 years. The lessee will pay semiannual rents starting December next totaling 114 750 for the first two payments and rising to 250 000 and 520 000 in later years. The Public Service Corporation assumes all indebtedness and maintains an office building for officers.
MENTIONED IN THIS ARTICLE
New York Times
Newark
M. J
Essex and Hudson Gas Company
Public Service Corporation
Aunty Register
Gas Company
Canadian trade notices cite unsettled markets amid drought and fires
Halifax reports money markets unsettled by stock breaks, drought and forest fires, with trade conditions seen as unsatisfactory. Lumber remains firm with strong demand for hardwoods. St John wholesale trade fair, May volumes below average as dock congestion persists. Drought hurts pasturage and hay, while metals and paints see demand. Montreal activity slows.
MENTIONED IN THIS ARTICLE
Dan's
Halifax
St. John
Montreal
Quebec
Vaner
Consolidations and Capital Revisions Across Multiple Firms
The report notes the Cleveland Union Stock Yards Company absorbing the Cleveland Union Stock Yards and Farmers and Drovers’ Stock Yards in a single entity with a $750000 capitalization. Central Paper Manufacturing of St Louis reorganizes with $850000 capital. Old Colony Trust of Boston to raise capital to $3000000. American Radiator allegedly acquires 20 acres in Litchfield TH for a new plant. Moreland Trust and Guarantee Title & Trust of Pittsburgh consolidate through stock purchase. Imports of dry goods into New York drop by 379,640 dollars this week and by 38,578 dollars versus the prior year.
MENTIONED IN THIS ARTICLE
American Radiator Company
Litchfield
Money on Call Rates for Stock Collateral Loans
Money on call on stock collateral loaned at 11s 4d per cert with the last loan at 244 percent. The majority of the day’s loans were made at 3 percent. Time money rates 314 percent for sixty days.
Market Rates and Exchange Shifts Across Major Centers
The report lists varied money market rates for short and long term credits, mercantile paper discounts, and bills. It notes New York Clearing House figures, U S Sub-Treasury balance, and London money on call, with nominal and actual close rates for sixty days and demand. It also cites foreign exchange quotes Frances, reichsmarks, guilders, and domestic center discounts and premiums in Boston Chicago New Orleans Savannah Charleston San Francisco and St. Louis.
MENTIONED IN THIS ARTICLE
Mercantile
New York Clearing House
United States Sub-Treasury
London
Frances
Reichsmarks
Guilders
New York
Boston
Chicago
New Orleans
Commercia
Savannah
Charleston
San Francisco
St. Louis
London Market Slumps Amid New York Sales And Gold Flows
London financial news reports easier money and reduced discounts after gold inflows and government spending. Stock Market dull with American rail weakness. Consols steady, mining and foreign markets listless. Gold and silver prices noted, with wide array of U.S. and British securities listed as volatile trading continues.
MENTIONED IN THIS ARTICLE
London Times
NEW York Times
London
the Times
Bank of England
Berlin
Amsterdam
China
Stock Exchange
New York
Outside Securities Endures Broad Drop In Prominent Stocks
Yesterday saw new low records in major outside stocks including Northern Securities and International Mercantile Marine preferred, with a late recovery but overall net losses. Trading remained narrow though volume exceeded recent days, while Northern Securities briefly dipped to a new low before rebounding.
MENTIONED IN THIS ARTICLE
Northern Securities
International Mercantile Marine Preferred
Boston Stock Market Report Shows Mixed Activity
The Boston market remained steady with no material demand increase. Call loans and mercantile paper rates drifted. New York funds and clearings edged lower while foreign exchange stayed unchanged. Amalgamated rose early, Canadian Pacific and others faced raids. copper liquidation continued as Utah performed relatively well.
MENTIONED IN THIS ARTICLE
New York
Boston
New -York
Amalgamated
Canadian Pacific
Utah
Paris and Berlin Bourse Reports Sluggish Trading
Paris on June 3 reports irregular and slack trading mostly in Government funds with weak gold mines and a weak exchange. Berlin notes idle operators, London exchange at 20 marks 45 pfennigs for checks. discount rates set at 4 percent for short bills and 31/2 percent for three months.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin
Philadelphia Prices and Stock Warrants Trade Slow Yet Extensive
In Philadelphia on June 5 the stock market saw limited overall sales while warrants dominated activity. Prices fell to new lows not seen since the 19th century for several issues with few reversals. total sales reached 30,003 shares and $69,009 in bonds with broad declines across major issues.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Pennsylvania
West Jersey and Seashore
Welsbach
American Rys! Co
American
GOO! Atchison
Cambria Steel
Coun
Lake Sup
Con
Electric Co. of America
Lehigh Valley
R. R
Wa National Asphalt Ls
Penna. R. SR
Penna. R. Ri
Hiladelphia .Traction
Philadelphia Electric
Phiadelphia Co
Reading
Rock Island
Southern
R. Ri
Pasg
Oreel Ib
Trading In Baltimore Market Mixed Amid Gloomy Wall Street
The Baltimore market shows steadier tones than Thursday despite overall weakness. Money on call stands at 5.5 to 6 percent as investors trade 1347 shares and bonds totaling $125,750 with Seaboard Ry and Atlantic Coast Line among active issues and several bonds quoted with varied prices and yields.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
Wall Street
Aoe
Seaboard Ry
Pcoml
Consolidated’ Gas
Cotton Duck
G. B.S. Brew
M.&.m.ipf
Mar. Bank
Viajes Ence
Sea Board
Ga, & Ala
Con
UN. Rys. & el. Inc
UN. Rys
Aa Severay
B. Speen
Serip
G. B
S. C
North Balt. Trac
Imports of Dry Goods At Port of New York
Imports of dry goods at the Port of New York for the week valued at 1 598 108 dollars, down from 1 977 748 the prior week and 1 036 686 the same week last year. Dry goods marketed valued at 1 620 199 dollars, vs 1 811 for the prior week and 1 605 115 last year.
MENTIONED IN THIS ARTICLE
New York
Bullion and Mining Prices and Consolidated Exchange Quotes
London silver 245-16d per ounce and New York price quoted. Mexican dollars at 42 43c. On Consolidated Exchange Belcher 300 shares at .45 .42, Consolidated California and Virginia 100 at 1.75, Imperial 300 at .07, Elkton 200 at .41, Justice 500 at .16, Moon Anchor 00 at .US, Overman 400 at .42 .43, Portland 500 at 1.35, Potosis 2.0? .39, Silver Hill 100 at 12a.
MENTIONED IN THIS ARTICLE
American de Forest
Haamberger
Lamar
Borden
Jorden
British Columbia
California
Tral Fireworks
Tral Mounds
Vit & Mackinac
Voit & Mackinac
Union Securities
Bliss
le Neumiatic
Stee
Lu Steel
Cony
Esas Ssm
Hill Copper
Juselro Exploration
Luvally
Isc
Tr Steamship
Lutis Levator Ae
Otis Elevator
Pacific Pack
Tee
Peoria, Dee, & Evans v
Toyal
Tandaird Milling
Tandard Milling
Tandard Milling Ss
Wily ‘Torag Power Eronoph Mining
Iranto Potteries
Trento : Potteries of
Eanee
Trenton Potteries
Nion
Typewriter
Inion
United Box
Niversal Tobacco
Southwestern
Broadway
7Th
Brooklyn
Traction of
N. J
Traction
Grand Rapids St. Ry
Grand [Rapids St Pt
London
New York
Consolidated Exchange
Belcher
Virginia
Consolidated Imperial
Elkton
Justice
Moon
Overman
Portland
Silver Hill
Also Mentioned on This Page
the Financial Markets
Eine & Staes Am
Cotton
Ah IM
Staes
Hudson
Krealtincgy, Int. Power
Ivhklyn L. Gases
Green ‘Bay
Adams
Express
St i Am Car
Dork SS Selemh Deocorn
Pacific Scorstia Ou
Peoria
Raven
Canadian Pac Iy
Ss Car
Ry Steel Sp
Hil & Aion Es Hd Gw
Mea Ing Sd
We Goods
Col Southern
Consol
Tenn Coal
Promess
Texas &Pacific
Eek & J
Ewin, Chis Pes M
Nhion B
Petrol South
Expres
el . S
Realty Spies Erie
S. Rubbers
Evans
Hocking -Vailes -Car,Ch
Iowa -Central
Wabash
iWells-Pargo
Kan
City Southey
City So
SUNY
Stop
S. Mg
Wis
Texas
Mob
Spock ‘Transactions
Pulte HS Seiekvbaneep
Ehewe
Voore Beeen
Cort Ieee
Iquida
Ea Ae N
Granger
Juuhro
Steve Ter Unis
Tod
Steve
Ease
Cotton Crop Outlook
Hudson Gas Company
Canadian Trade
National Bank
Cleveland
Cleveland Union Stock Yards Company
Farmers and Drovers’ Stock Yards Company
Central, Paper Manufacturing Company
Old Colony ,Trust Company of
Massachusetts Senate
Moreland Trust Company
Guarantee Title and Trust Company
Bittsburg
Money and Exchange
THE
London Market
Dee Wae
Associated Pre
Rio Tintos
Amalgamated Copper
Atchison
Ohio
Milwxattkee
de Beers
Denver
Rio Grande
Erie
Hinds Central
Louisville and Nashville
Missouri
Kansas
New York Central
Norfolk and Western
Goby
Ontario, and Western
Penussiyanky
Rand Mines
Southern Railway
Southern Pacific
Union Pacific
Sys
United States Steel
Montes
Madrid
Liston
Outside Securities
New Amsterdam
V. S
Can
American Cana
Light & Traction
Traction Pt
Bay State Gas
British Col Copper
Greene Con
Havana Tobacco
Marine
Mar
Manhattan Transit
Ewe Marine
Montreal & B. Copper
Lumber & R
Northern, Securities
United Copper
Elberon Lee Bs Bo Ah Us
Jersey City
H. & P Betes
Ht & BP
Nassau Electric
BS J Stan
Hys
Ninth Avenue
R. R Snemae
North Jersey
St. Ry
North Jersey St. Ry
Louis
Louis Tr
Heecco
R. R. Consols
Sixth Avenue
Il Ae
Syracuse Rapid Transit
Syracuse Rapid Tr. Pf
Union Railway Ist
United Rys of
St. Eari
United Traction
Woody Tow
Mit Ls Wash
Ry & Electric
Il IW l Wash
Ry & Elec
Elec
Eave Nee Ty
Thhy
Amer
Amer L & Tr Pr
Cen Union Gas Ltd
Gas of
Consum. Gas
J. C
Denver Gas
Rb Ou
Indianapolis Gas
Mutual Gas
N.y.&e.r.gas Co.Con
Northern Union Gas
Ohio & Indiana Gas
St Joseph (Mo
St Paul Gas
Es Standard Gas
N. Y
Standard
Syracuse Gas
Brooklyn Ferry
East River Ferry
Hoboken Ferry
Ave Y. & Hob. Con
Union Ferry
Peters
Boston Stock Market
Eevee
Boston & Albany
Boston Elevated
Boston & Maine
Providence
Mass
Mass Electric Pt
N. H
Norwich & Worcester Oath
Old Colony
Pere Marquette
West End
Cumberland
Western Ve
Western Pf
LT Ag. Chem
Ag. Chem Pr
Woolen
Iron & Steel
Edison Electric
General Lectric
Renee
Altorgia Electric
Voucesvsn
Mass Gas
Mergenth Wwe Ween
N. EB
Aler Tree
Pullman ‘Co
Lo Ant, Swift & Co
United Fruit
United Shoe Machine
Rae
United Shoe Mach
Gfesty & Murey
Ss Steel
S Steel
Westinghouse
Lly Mining
Allouez Hee Tee Wee Ewes
Arcadian
Atlantic Sene Wy
Bingham
Daly West Wasey
Dominion
San Michigan
Old Dominion
Phoenix
Quincy
Rhode Island
Santa Fe
Shannon Neers
Tamarack
Tri-Mountain
Trinity
Eesewe Sae
Yandotte
Bia
ITC
Dams Express
Ae Erie
Hes & O
Atton
Sea
Foictore Co Ione Om& St Paul, Fens
LIZ
M & St Paul Sons
DOM Souks Wat
Ie & Niwa
Ri& P
Ri&prre
Pefleca
Pist
Erte
Dreen
Gus
Rio
Cnite
Lemenee
Vette Wee M Is
Keokuk
Ouisvill & Nessk
Jouiss
Ence
Hanhav
Wells Renee &A Con
Ani
Nor & W
Penn
Stern
Andxtia
M &South
M & South
Ens Se 2d Inc
Foto V &N Ab Gileoea
Wong Cesar Awed
Tol
Sey
Jne
York Exchange
Swift
City Railway
West Chica
Himetican
American Shipbuilding Pt
Lin
Lure
Hicago Cit
Chicago It & Trust
Chicago Uni
Lake Street
Metro
Bi National
Buty
National Bigeuit
Swift& Co
United Box Board
Pneereer
Wes
Jou
Pittsburg Transactions
the Consolidated Exchange
Sou
Pittsburg
Henn
Citizens’ Traction
Brewing Common
Eas
Ly Brewing
Crucible
Su Sie &al
Pitsburg
We River Coal
Stove, & Range v
Stove & Range Pf
United States Steel - Beg
United States Steel Pf
Westinghouse Air Brake
West
Colonial Trust
Cosmopolitan Nat. Bank
Gearantee i. Ekes
Gmert Can Sav
R. E. Nomeiciads
Eccona Nat. Bank
SSO
South Side Trust
Mera
Car & Fdry
Tisty T
Brook
Pacific
Ches
Quly
St. P
Fuel & I
Alinots Central
Nash
Manhattan
Kk & Tex
Bose
Jens I U2
Missouri Pacific
Mexico
Ortelk
West OS
Toy -Pennsylvania
Republic Steel i
Rock
Island
Southern’ Pacific
Aus Southern Y
Coal
Texas Pacific
Nion Pacific
SR S
Steel
Steel Pf
Shu
Wabashese News
Wabash Pf
Cone Aets
Western Union
Wisconsin Cent
Bullion and Mining