Gold Shipments Loom Large As Europe Scales Growth
Financial markets focus on impending gold shipments to Europe and another $2,000,000 engaged yesterday. Trading on the Stock Exchange was dull with negligible moves in active issues, while foreign exchange rose on demand sterling. Bank actions hint at continued gold outflow, rail orders offer cautious optimism, and weekly reviews show improved sentiment amid higher exchange rates and export bills.
MENTIONED IN THIS ARTICLE
Europe
Stock Exchange
Paris
London
Bank of France
Bank of England
New York
Pennsylvania Railroad
Money and Exchange Report Shows Volatile Rates Worldwide
Market brief notes high and low prices with Ren's 11 percent on call, declines, and year‑to‑date figures. Foreign exchange rates list London Paris Berlin and Swiss Belgium quotes, bankers time bills to 90 days, and domestic rates for New York, Chicago, San Francisco, St Louis, Montreal, Boston, and St Paul.
MENTIONED IN THIS ARTICLE
Treasury
London
Paris
Berlin
Sted
D Cable
Emand
E-E- Asa
Cseeees H
Tate
Switzerland
Nset
Holland
Belgium
Ist
Iene
New York
Prem
Chicago
San Francisco
St. Louis
Montreal
Boston
Bt. Paul
Aspen
London and San Francisco Mining Stock Quotations
Bar silver quotations in London and New York shown with per, eee off range. San Francisco mining stocks list includes Kentucky Con with 0.01, Alta 0.5, Os, Belcher, Ophir, Overman, Caledonia, Union Con, Tonopah entities and many others with varied bids and asks. Metal market reports note copper unchanged, tin dull with a 4c decline, London copper futures down, tin pricing slipping, and copper June July August bids.
MENTIONED IN THIS ARTICLE
San Francisco
Kentucky
Con
Alta
Gocksental Saint
Belcher
Ophir
Hest & Belcher
Overman Cocnee
Caledonia
Cal
Savage
Imperial
Seg
Sierra Nevada
Crown Jiale & Norcross
Union
Tonopah
Eeeere
Midway
North Star
Eula
Lone Star
AGATE
Manhattan
Booth
London
Speltar J
Cleveland
Wall Street Topics and Morgan Building Progress
The J P Morgan & Co building rising at Wall and Broad Streets shows exterior completion and removal of a safety tunnel. Missouri Pacific notes 1914 payoffs draw cash while some holders held back on extended notes. Rock Island reorganization prospects improve as protective committees near agreement on new capital terms. Adams Express and Wells Fargo push farm to market links, with education efforts on better prep. Copper output rises in April and totals for January–April exceed last year.
MENTIONED IN THIS ARTICLE
J. P. Morgan & Co
Wall and Broad Streets
Missouri Pacific
Rock Island
Phelps
Dodge
Adams Express Company
Wells Fargo & Co
Express
Dow, Jones & Co
Outside Securities Market Activity Reported Yesterday
Transactions in the outside security market totaled 71,746 shares of stock and 100000 dollars in bonds. Stock sales were divided among Industrials 4800 oils 8400 and mining 63887 with the price range across all reported issues noted.
Rail freight rate impact analysis prompts bond offerings
L F Rothschild & Co publish a Peer analyzing how a freight rate rise affects earnings for twelve Eastern railroads. Bank and Trust, Chicago Saom Company plan selling $500 000 Interstate Power 6 percent bonds at 99. Wood, Gundy & Co Toronto London to offer $2,500,000 of 4 percent debentures of the City of Toronto yielding up to 4.66 percent.
MENTIONED IN THIS ARTICLE
L. F. Rothschild & Co
Bank and Trust Com
Chicago Saompany
Interstate Power Company
Wood, Gundy & Co
Toronto
London
Ontario
European bond markets ease on Canadian loan underwriting
In London mood steady yet subdued as mining settlement rumors restrain activity. Consols ease after news of a 25 million Canadian four percent loan underwriting to back rail guarantees. Home rails slip, American securities drift with narrow changes amid a dull close. Berlin trading soft, Paris stocks open steady then falter.
MENTIONED IN THIS ARTICLE
London
Brokers Seek Higher Commission Rates On Cotton Trades
Members of the New York Cotton Exchange circulated a petition urging a vote to raise outsider and member commission rates from 15 to 20 dollars and 7.5 to 10 dollars per hundred bales respectively. Supporters cite higher risk and potential Washington legislation, noting most other exchanges charge more. Comparisons show Liverpool at 1.14 percent and Havre at 1 percent.
MENTIONED IN THIS ARTICLE
New York Center Exchange
Board of Managers
Washington
House Committee On Agriculture
New Orleans
Liverpool
Llavre
Interoceanic Railway Mexico Defers Interest Payments
The Interoceanic Railway of Mexico reports forced suspension of cash interest on its 4 and 4½ percent debentures and asks holders to accept deferred warrants for two half year payments. The company cites reduced receipts after Vera Cruz occupation and a weakened Mexican dollar, noting 20 miles closed since last year, totaling 24 percent of its system.
MENTIONED IN THIS ARTICLE
Interoceanic Railway of
Mexico
Acapulco
Vera Cruz
London
National Railways of Mexico
Interoceanic Company
United States
Steel trade surges on rail contracts this week
Makers of railroad equipment and rails report strong orders this week and expect a major Pennsylvania Railroad contract to be approved soon. About 76 000 tons of rails, plus 20 000 tons ordered earlier, are cited with steel firms like Bethlehem and Pennsylvania Steel connected. Additional car orders total 7 300 for New York Central split between American Car and Foundry and Standard Steel Car.
MENTIONED IN THIS ARTICLE
Consolidated Exchange
Consolidated Stock Exchange
Wall Street
Erie
New York
Ontario & Western
National Lead
Rock Island Common
United States Steel
Wall
S. F
Brook
Can
Ches. & Ohio
Mo. Pacific
Mont
Nat
Uae
N. Y. Central
N.Y
N.h.&h
Pacific Nat
Sky Sly
U. B. Steel
Utah Copper
Westing. el
TOM
Goldfa
Jim. Butler
Midway
Ophir
Vernal Ae
West End
Eavese
Nglo- Am
Jamtic Refining
Jorne-Scrymser Soon
Zuckeye
Hesebrough Mfg
Colonial Otleevaevice
Crescent
Cumberland Pipe L
Eureka
Indiana
New York Transit
Northern
Ohio Oil
Prairie Oil & Gas
Eanes Noo
Ee Solar Refining
Soo South
Penn
W. Penn. Pipe L
Cal
Swan & Fine Seen
Asco
Washington
Waters-Pierce Oil
Mach. & Fay New
British-Am
BOO Conley Foll
Johnson Tin & M
J. S$. Young
P. R.-Am
Scrip
R J. Reynolds
R. J. Reyn
Tobacco Products Pt
HTM &7
St Khl F
UN. Cigar Stores
P Shareeneee
Pennsylvania Railroad
Steel Corporation
Bethlehem
Pennsylvania Steel Companies
New York Central
American Car and Foundry Company
Standard Steel Car Company
Ilinois Central
Western Steel Car Company
Haskell & Barker
American Car On Foundry Company
Bondholders Buy Atlantic Birmingham & Atlantic Line
A committee representing bondholders bid 3 641 000 for the Atlantic Birmingham and Atlantic Railroad and its subsidiaries at public auction in Benn Hill near Atlanta. The same group had previously purchased the Georgia Terminal Company property for 123 500, both deals including assumed liabilities. The line, appraised at 63 478 000, has been in receivership since January 1 1909 with Alabama Railroad Terminal Company sale to follow in Birmingham tomorrow. The bondholders’ committee includes R F Hart Frederick Ayer and Samuel Carr of Boston and John Weerney P P Pyne and B M Marston of New York.
MENTIONED IN THIS ARTICLE
Atlanta
Atlantice, Birmingham & Atlantic Railroad
Georgia Terminal Company
Road
Benn Hill
Alabama Railroad Terminal Company
Birmingham
R. F. Hart
Frederick Ayer
Samuel Carr
Boston
John
Weerney
P. P. Pyne
Trust Pleads Exemption From Sherman Law
Frederick Fish, attorney for United Shoe Machinery Company, argues in Federal Court that patent monopolies are exempt from the Sherman anti trust act and that the shoe machinery industry has grown orderly under patents since its beginning. He says the Supreme Court condemns only non orderly monopolies and that patent acquisition is a normal business practice.
MENTIONED IN THIS ARTICLE
Boston
United Shoe Machinery Company
Frederick. Fish
A4 & M
Missing Securities Prompt Consolidated Stock Exchange Probe
A creditors meeting for the Consoli dated Stock Exchange firm of Stoppant and Hotchkin, failed May 14, will be convened soon by assignee Abraham S Gilbert to form a committee to straighten affairs. Investigators seek $300,000 in securities untraceable by expert accountants. The Consolidated Stock Exchange plans its own probe once the books are handed over. President de Aguero said the house’s accounts were thoroughly checked about a year ago.
MENTIONED IN THIS ARTICLE
Consolidated Stock Exchange
Stoppant & Hotchkin
Abraham
Gilbert
Consolidated Stock Exchange 15
de Aguero
The
Exchange
the Consolidated
Weekly Business Failures Hit 239 in United States
Bradstreet reports 239 business failures in the United States for the week, up from 200 last week and compared with prior years. Regions show the Middle States 81, New England 22, South 55, West 38, Northwest 22, Far West 21, while Canada totals 536. About 91 percent of failing concerns had capital of $5,000 or less and 6 percent from $5,000 to $20,000.
MENTIONED IN THIS ARTICLE
Elkhorn
Mer
Mech. Bank
Munency Trust Sense
Central Steer Amity
Penn
United Stye
Anac. & P
Gtd
Arundel 8
Carolina Central
St's
Chi. Hya
City
City & Sub
Con
Coal Bs
Elkhorn Fuel
Ala
Vsty Pais
Mt. V.-W
N. N
Nor. & Port
U. R. & B. Notes
Boston
Ahmeck
Wee Rerrer
American Zinc
Butte & Superior
Or & Arizona
Calumet 15
Calumet & Heck
East Butts
Indiana
Loky
Dale
Mase
New Arcadian
North Butte
Dominion
Pond Creek
Quincy
Tamarack
U. S. Smelters
Boston & Albany
Boston Elevated
Boston & Main
C. J
Gumb. Power
New England
Reece
Swift & Co
United Fruit
United Shoe
United Shoe Pt
Seattle Electric Fs
Eam
South Shore & Atlantic
Duluth
Aft
ATTAN
Ebaleone & Mane
Eeecesree
Werner
New Haven
New Haven Railroad
Central
Dhes Ontario & Western
New York
Ross
Hartford & New Haven Transportation
Rhode Island Co
Toston
Westchester
New England Navigation
Mo. Tot. Inc
Diga
Norfolk & Western
Rita
Seen AG
Mos
Grosa
Virginian Railway
Bradstreet
United States
Middle States
Southern
Western
Northwestern
Far Western
Canada
Caital
Stockholders Meeting Notices for Middleton Garrison Film Co and Standard Bearings
Notice sets dates for annual stockholders meeting of Middleton Garrison Feature Film Company on June 18 1914 at 135 West 41th Street Manhattan to elect three directors and inspectors of election. secretary A W Middleton signs. Also announces stockholders meeting of Standard Jeweled Bearings Company at 47 Maiden Lane New York City on June 15 1914 to vote on dissolution of the corporation, president M M Riglander presiding.
MENTIONED IN THIS ARTICLE
Middleton- Garrison Feature Film Company
West 41Th Street
Manhattan
Standard Jeweled Bearings Company
Tandard Jeweled Bearings Company
Ow York
Maid Company
Maiden Lane
New York City
M. M. Riglander
Annual Directors Election for The Farmers' Loan and Trust Company
The Farmers' Loan and Trust Company 16 18 20 and 22 William Street New York City will hold its annual election for directors at the company office on Tuesday June 9 1914. Polls open from 12 o'clock noon to 1. Augustus V Heely secretary. The UVICKSIL mining company meeting notice lists office No 45 Way Borough Manhattan New York on June 17 1914 at 1 o'clock for directors and other business. Fr Tracy secretary.
MENTIONED IN THIS ARTICLE
Br.-Am
Ges
B.A. T
Houston Oil
Kelly S. T
Pueb, S. & R
Riker & Hog. Oy Oy
St. Gum
W.t
U.c.8.c
U.c.5.c
Buckeye P. Ll
Cumb. A L Viz
Sig
Indiana P. Lrong
GSO
Pierce On
Prat. A
S. O
Ohio
Tank L
Atlanta
Boston
Braden
Bufalo
Op. M
Ari. S
Crown Res
Florence
Gold Hill
Gold
Greene-Can
Iron Bros
Kerr Lake
la Rose Con
Rose Oe
Rose Oe Nason Valley 80 76 78 Ao McK.-Dar Co. 6Hs 1 Bly 6% 4ip.Mines Ose Oh
North Star
Peterson Lake
San
Tono. Bel
Tono
Midway
Nev
R. Dee Os
S. P
Tularosa
W. E. Con
W. E. Ext
C. P
Ga. C
West
T.&taub
HON
Ches . & Ohio
Chi
W. I
Chat
el Rys
Or’y Con. P
Minn
Erie
K. Valley
M ‘Entral T
Wis Ut
N.Y.C
N.Y
ELS
N.J
St Lo
Bu Sons
United Fruit
Utah
Western
Ralt
Buff., Roch. & P
Ches. & Ohio
Chicago & N. W
Ind. & L
del. & Hudson
Erie Railroad
Hocking Valle
Silinela Centrale
Northern
Louis. & Nash
Kan
N. Y
Penn, Gen
St. L
National Nassau Bank OF A
New York
National Nassau Bank of New York
National Nassau Bank
Sald Bank
Heckman Street
Borough of Manhattan
City of New York
Westinghouse Electric & Manufacturing Company
Pittsburgh
Annus
Weastinghouse Electric & Manufacturing Lcompany
Eectric & Manufacturing
Theompany
East
Allegheny County
Pennsylvania
Farmers’ Loan and Trust Company
William Street
New York City
Mers
Uvicksil Mining Company
M the Quickwaver Mining Company
Borough of
Manhattan
City Wrk
Fr. _ TRACY
Grand Union Hotel wing sale proposals invited
The Public Service Commission of the First District invites proposals for the sale of the Grand Union Hotel wing on Park Avenue, 41st and 42nd Streets Manhattan. Includes valuable hotel machinery and plant. information for bidders available at 154 Nassau Street. proposals due June 8, 1914 at 12:15 PM.
MENTIONED IN THIS ARTICLE
Grand Union
Public Service Commission For
Grand Union Hotel
Park Avenue
41St Street
42Nd Street
Borough of Manhattan
New York
Public Service Commission
Edward E. McCall
Travis H. Whitney
Also Mentioned on This Page
A.b.leachétment Secu
Padway, New
Philadelphia
Eyg
zCo
Ties
York
Buffalo
Baltimore
Harris, Forbes & Co
Pine Street
William New York
Harris & Company Incorporat
Gilbert Eliott
Pine St
Tel
Smithers & Cn
Standard Oil
Old Stock
Hallowell & Henry
Beaver St
Broad
Public Utility Investments
Redmond
Standard Oil Securities
E. Bunge & CO
Broad St
E.ac.randolph
New York Stock Exchange
Broadway
T. F. Shields, Mer
A.read &Co
Chile
N. Y. Tel
Ford, Bacon & Davis Engineers
Kings County Mortgage CO
Montague St
Brooklyn
National Bank OF Commerce OF Boston
Massachusetts
R. Whittemore, Cashier
Northern Central Railway
M. Runkle
Anna
Helena ER
Money and Exchange
Bankers
Berlin i
Per
Colorado
Dr. J’pot
Elkton
McKinney
Paso
Findlay
Portland
Vindicator
Isabella c
B. Hoemm
Public Utility Securities
Askad
American Light Traction
American Light & Traction
Adirondacklectric Power
Adirondack Electric_Power
American Gas & Electric
American Power & Light
American Public Utilities
W. W. & Electric
W. W
Elec
Artic
Jan Power Co
Ewe Appalachian Power Co
Azona Power Co
Eeeses
Arizona Power Co
Arizona Power
Essererseeres
Colorado Power Co
Commonwealth P.tr
Commonwealth P R. & L
Denver Gas & Elec
N. Sa
Electric Bond & Bhare CO
A. Electric Bond Deposit
Empire District Electric Se
Empire District Electric Pl
Federal Light & Traction
Gas & Electric Securities
Gas & Lectric
Gas & Electric
Great Western P
Lincoln Gas & Electric
Ees Ic
Northern One
Northern States Power
Northern Staten Power
Ozark Power & Water
Pacific Gas & Electric
Pacific Gas & Electric Pf
Oevaveee
Republic Ry. & Light
Republic Ry. . Light Co
Eveveee
Southern California Edison
Standard Gas & Electric
Standard Gas & Electric Peae
Tennessee Ry. & P
Tennessee Ry. L. & P
United Light & Rys
United Light
United Utilities
Utah Securities
Western Power
Western Power Pf
Outside Securities
Aea
Pneu
Chicago Ry
Chi, Tithe & Trust
Montgom
Ward Pt
Amer
N. J
American Railways
Sonege A
Cambria Steel Ist
Catawissa Ly
OrLs
Ins Co
N. A
Keystone Tel
Phila
Phila Peeseces
Phila. Co
Pf. al
Phila Traction
Phila . R. Es
Unite Gas Imp
West J. & Seashore
York Rys
Leh
N. Con
Phila. Flec
Asty
Phila. Co. Con
United Rys. S
Ae . P
Crucible Steel
Ind. Brewing
Aa Ia Belle Iron
Oklahoma Gas
Ae L
Buffalo Mines, Limited
Financial Notes
Bourses OF Europe
the Treasury Statenent
New York Times
Consola Money
Atchison OU
Halt
Ohfto
Pacific
St Paul
Denver
Illinois Central
de Louis. & Nash
Texas
Nort. & West
Ontario & West
U U. S. Eeerere
Wa Exchange
Oesece
Wervaee
Becncaes
Ae B. Cesees
Tast
Cotton Exchange
Interoceanic Railway
Georgia Road
Birmingham & Atlantic
Shoe Machinery Company
L.f.rothschild & Co
New York ‘City
New York State
Siste Kleta
Sili Pen First Mortgage Quarantee Co
Ridge Plaza
United States Mortgage and Trust Company
Bway
Cedar St
Guaranty Trust Company of
New York Security & Trust Company
H. W. Morse
Arthur W. Gilbart
Ated
Jamps c. Benn
Garrison
Sior Ae
Fir
Worthington Duplex
Worthon
Worthing
Herriman
Bervan
Lorillard Refrigerator Cong
Buffalo Herrigting Machinery Company
Zindars and Hunt
Commission
Nassautreet