Market Advances Despite Wheat Rally and Grain News
Shares rose broadly as professional buying supported grains amid a 2 cent wheat uptick and a full point corn gain. Wabash debentures retirements and Interborough dividend announced. money inflows from San Francisco lifted Pacific Coast shipments and sterling exchange edged higher.
MENTIONED IN THIS ARTICLE
United States Steel
Interborough Metropolitan Company
Pittsburg
Missouri
Union Pacific
Pacific Coast
San Francisco
Sub- Treasury
New York Stock Exchange Summary June 7 1906
Stock market activity reported from the New York Exchange for Thursday June 7 1906. Figures show totals from corner street unlisted and from the last sale, calculated on 100 share lots.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
Chesapeake & Ohio stockholders seek higher dividend
Investors led by Scott Stringfellow urge the Chesapeake & Ohio Railway to raise the dividend from 1 percent, signifying a move backed by several New York Stock Exchange houses. They petition the board to set a minimum of 8 percent, arguing the railroad can fund 3 percent with current income while meeting debt retirements and improvements.
MENTIONED IN THIS ARTICLE
Chesapeake & Ohio Railway
the Road
Richmond
Chesapeake & Ohio
New York
Iron and Steel Notes Predict Strong Year Ahead
A steel industry representative reports all manufacturers are satisfied with current conditions. No idle wheels, railroads will accept all orders, and no cancellations are expected while business holds. United States Steel Corp unfilled tonnage should rise this month as consumers meet last half requirements in the remaining weeks.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Sears to be Incorporated by Major Firm Finance Plan
Sears, Roebuck & Co of Chicago, claimed as the largest mail order house, will be incorporated with 40 million dollars in stock. Goldman, Sachs & Co. finances the move. The new firm will issue 10 million dollars of 7 percent preferred stock and 30 million dollars of common stock. Preferred stock retires at 125 and will be offered at 97. Sears retains 1 million dollars of the preferred and a large portion of the common. Quick assets totaling 10 million dollars will go to the treasury, equal to the total preferred stock issue.
MENTIONED IN THIS ARTICLE
Sears, Roebuck & Co
Chicago
Goldman, Sachs & Co
Rise in Exchange Seats Again Breaks Price Records
Despite trading dullness and scarce business in brokers houses seats on the Stock Exchange have climbed by several thousand dollars since the last sale at 810,00. Three seats were sold in the past week at 88,000 and 89,000, with a peak price of 95,000 last winter. May bank clearings nationwide reached 13.133 billion dollars, second only to December 1905 and January 1906. New York clearings totaled 8.798 billion dollars, surpassed only in three periods.
MENTIONED IN THIS ARTICLE
Stock Exchange
Bradstreet’s
United States
New York
Shaw Explains Gold Order And Treasury Action
Secretary of the Treasury Shaw says he bore responsibility for a banking confusion after discontinuing special deposits against gold imports. He explained the New York Sub-Treasury decision came during a visit, and an advance of 1.5 million to National City Bank was allowed to complete an ongoing transaction before the Treasury stopped further deposits.
MENTIONED IN THIS ARTICLE
Secretary of the Treasury
Shaw
Sub-Treasury
Treasury Department
New York
Washington
National City Bank
Interborough Metropolitan declares 1 percent preferred dividend
The Interborough Metropolitan Company yesterday announced a 1 percent quarterly dividend on its preferred stock payable July 2 to holders of record June 18. The funds come from the next 1 percent dividend on Metropolitan Street Railway stock, leaving $740,742 in the treasury, exceeding the needed amount by $174,140.
MENTIONED IN THIS ARTICLE
Interborough Metropolitan Company
Interborough Metropolitan Preferred
Metropolitan Street Railway
Interborough-Metropolitan Treasury
Interborough Metropolitan
New York City Railway
New York City Railway Company
Railroad Boards Announce Semiannual Dividends
In Philadelphia on June 7 the Philadelphia Baltimore and Washington Railroad Company board declared a 2 percent semiannual dividend payable June 30 to stockholders of record June 7. The Northern Central Railroad directors also declared a 4 percent semiannual dividend.
MENTIONED IN THIS ARTICLE
Philadelphia
Philadelphia, Baltimore & Washington Railroad Company
Northern Central Railroad
Wabash Debenture Plan Accepted by Majority
Bondholders approve a plan to retire $20 million of $26.5 million Wabash debentures with options for cash or new securities. Terms include 70 percent in new bonds or 90 percent in cash, plus 50 percent in Wabash preferred and common. Underwriting led by Will iam A. Read & Co with Blair & Co and Solomon & Co. Also notes railway ties to Carnegie Steel Works freight deal future needs.
MENTIONED IN THIS ARTICLE
Wabash
Gould
Henry Evans
Wabash Railroad
William A. Read & Co
Blair & Co
Solomon & Co
Pittsburg
Wabash-Pittsburg
American Steel Foundries to Retire Stock Purchases?
The American Steel Foundries Company plans to retire about 590000 dollars of preferred stock and 2000000 dollars of common stock bought in the open market at low prices. The board reviewed the committee's recommendations to cancel these shares, reducing common stock outstanding from 17.5 million to 15.5 million and preferred from the prior 17 million to 17 million.
MENTIONED IN THIS ARTICLE
American Steel Foundries Company
Money Market and Exchange Rates Report
Money on call on Stock Exchange noted at 3 percent with last loans at 3 percent. Time money quoted at 4 percent for various terms up to seven to eight months. Mercantile paper rates range from 3.5 to 5.5 percent. Clearing House reports exchanges at 324,190,896 dollars and balances at 10,725,622 dollars. Sterling exchange strong. domestic rates shown with several implied discounts and premiums across cities.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile
Clearing House
Sub- Treasury
Sterling Exchange
Continental Exchange
Reichsmarks
Guilders
Exchange O
New York
Boston
Chicago
New Orleans
Sevannal
Incinnati
St. Louis
Charleston
Silver and mining market quotes across London New York stock trades
Bullion and mining prices show bar silver at 29½d in London and 645¢ in New York. Mexican dollars at 50%. Trading on exchanges lists 100 Alice at 2.50, 700 Comstock at .23, 600 Atlanta at .19½, 1,500 Comstock at .18, 300 Hale and Norcross at .80, 400 Jim Butler at 1.25, 1,000 Ma 7 at .32, 200 Mexican at .05, 1,800 Ohio Tonopah at .83, 130 Ontario at 2.50, 200 Potosi at ae 160, Save Silver Pick at .25, age at .85, 1,000.
MENTIONED IN THIS ARTICLE
Amal. Coper. Co
Agri. Chem. Co
Ag. Chem. Co. Pf
Beet Sugar Co
Car & F. Co
BOK
Gotton Oil
Seeeee A
Express Setae
Ice Securities Co
Am Linseed Co
Linseed Co
Locomo
Cocsveas
Pneu. Serv. Pf
Eesee
Ss. Ee
Sinel. Ie
Conte Sime
Sugar Ref
Tobacco Co
Woolen Co
Anacon
Cop. M. Ee
Baltimore & Ohio
Baltimore
Ohio
Brooklyn
Brooklyn U
Canadian Pacific
Central Leath. Co. of
Central R. A. of
N & Ohio
Chesapeake
Chicago & Alton Sf
Chicago Great West
Mil. & Staul
Mil. & St. P. Pf
Chicago & Northware
Union Tracevere
Union Trac Ff
Colorado Fuel & Ian
Colorado & Southern
Col. & South
Delaware & Hudson
Ara
Denver & Rio Grande
Denver & Rio Gr. Pe
Eee
Detroit United Ry
Distillers Securities
Dul
Erie Water
Erie Ist
Psdace
Erie
Min Oy Smelt
Aeons Ae
General Electric
Havana Electric
Great Northern
Eeet
Hocking Valley
Illinois Central
Interbor
Met
Internat. Paper Co
Inter
Iowa Central E
Iowa Central Pf
Kansas City Southern
Keokuk
Knick. Ice
Chicago
Long Telavidees
Louisville & Nash
Centra Eee
Minn
St. Louis
Minn. & St. Lp
Kan
Texas
Pfs
Missouri Pacific
National Biscuit Co
Nat. Biscuit Co. Pf
Nat. Enam. & Stam
National Lead Co
National Lead Co. of
Ere A Central
St. L
Xu GC Cc
N. H
Pittsburg
Steel Spring
Steel Spring Ps
Rep
Ron & Steel
Re . Iron & Steel Pf
Roc Island Co
Ga Island Co. Pf
Pf. Ee
Ity & Im. Co
Oh Reed
Ue S. Rubber
S. Steel
Caro
Cemical
Western
Lake Erie
L. E Pf
L. E
Wisconsin Central Eee
Wisconsin Central Pf
London
New York
Stock Exchange
Alice
Comstock
Consolidated Exchange
Atlanta
Hale and Norcross
Jim Butler
Market Report in London Favors Repayments and Easy Discounts
In London on June 7 money sought for repayments to the Bank of England while supplies remained abundant. Discounts were easy. Trading on the Stock Exchange grew dull as easier monetary conditions did not boost activity.
MENTIONED IN THIS ARTICLE
London
Bank of England
Stock Exchange
Financial Market Report on Failing Consols and Bond Activity
Consols declined due to weak support while other securities fell. Americans opened irregularly but recovered to above parity on steady demand. Chicago Milwaukee and St Paul and Denver and Rio Grande attracted most attention as Wall Street bought later and logs closed firm at day’s best. Boston copper shares rose. foreigners eased with six weak on Paris selling. Gold premiums listed for Madrid and Lisbon with bullion intake at Bank of England totals.
MENTIONED IN THIS ARTICLE
Chicago
Milwaukee & St. Paul
Denver
Rio Grande
Wall Street
Boston
Paris
Madrid
Lisbon
Bank of England
London Closing Quotations for American Stocks
London yesterday reported closing prices for American stocks with comparisons to New York closes. The data lists securities against their New York equivalents and shows changes from the prior New York session.
MENTIONED IN THIS ARTICLE
London
New York
American mining stocks in London yesterday
Prices for American mining stocks received in London yesterday show Camp Bird at 146d Esperanza 317s 6d Tomboy 56d Dolores 116s 3d El Oro 169d Strat. Ind. 5s 0d. Company names and prices listed in pence and shillings reflect the London quotation.
MENTIONED IN THIS ARTICLE
London
Camp Bird
Esperanza
Tomboy
Dolores
el Oro
Strat
Paris Bourse Prices Fall on Government Tax Bill Move
Prices on the Paris stock exchange weakened as rentes declined after the government disclosed plans to introduce an income tax bill. Russian imperial bonds quoted at 8.30 and 1904 bonds at 490. Three percent rentes at 98f 25c for the account, London exchange at 25f 17c for checks.
MENTIONED IN THIS ARTICLE
Paris
Chamber of Deputies
London
Berlin stock prices firm on the Boerse
Berlin reports firm prices on the Boerse with London exchange at 20 marks 50 pfennigs for checks. Discount rates show short bills at 3 1/4 percent and three months bills at 3 1/4 percent.
MENTIONED IN THIS ARTICLE
Berlin
Exchange
London
Bank of England weekly statement shows reserve shifts
The Bank of England reports a fall in total reserve by 151000 and a rise in circulation by 245000 this week. Bullion declines and notes reserve also drop while other deposits rise. public deposits fall. Discount rate holds at 4 percent. Bank of Bengal lowers from 6 to 5 percent.
MENTIONED IN THIS ARTICLE
London
Bank of England
Bank of Bengal
Cee
Paris
Bank of France
Directors Re-Elected at Forum Publishing and United Copper
At the adjourned annual meeting Forum Publishing re-elected its Board of Directors. Charles R. Leonard and E. Nash are replaced at United Copper by John McGinnis of Butte Montana and Samuel Robinson of New York. United Cigar Stores re-elected retiring Directors and renamed G J Whelan and other officers for another year. New York Coffee Exchange managers upheld a five point spread in coffee option quotes.
MENTIONED IN THIS ARTICLE
Forum Publishing Company
Charles R. Leonard
E. Nash
United Copper Company
John McGinnis
Butte, Mon
Samuel Robinson
New York
United Cigar Stores Company
G. J. Whelan
New York Coffee Exchange
Albany canal bonds bid rules and payment terms
The bonds are tax exempt and bids must meet par value with a 2 percent deposit of par value. Proposals, with deposits, must be sealed and labeled Loan for Canal Improvement and mailed to the Comptroller of the State of New York, Albany. Successful bidders pay via deposit to the Manhattan Company, credited to the Treasurer of the State on account of the Canal Fund, with accrued interest from January 1. Deposits for unsuccessful bidders are returned within three days after award. The Comptroller may reject any or all bids. Otto Kelsey, Comptroller. State Comptroller's Office Albany N Y May 17 1906.
MENTIONED IN THIS ARTICLE
State of
New York
United States of America
Bank of the Manhattan Company
City of
Albany
Otto Kelsey
Sale of Anne Arundel County Bonds Sealed Proposals
Anne Arundel County announces for bids on 250000 four percent bonds maturing in ten series up to fifty years. Proposals due June 17 1906 at 11 am in Annapolis with two percent certified check. Bonds issued by order of the County Commissioners through 1906 act. bids opened June 12.
MENTIONED IN THIS ARTICLE
Anne Arundel County
Maryland
Annapolis
Board of County
Anne
Acts of the General Assembly of
Parcia
County Commissioners’ Office
Bond Drawn for Sinking Fund of Indiana Block Coal RR
The Indiana Block Coal Railroad Company lists drawn bonds for the Sinking Fund: $500 bonds Nos. 107 128 168 173 and $1,000 bonds Nos. 54 64 72. Principal and accrued interest payable at The Farmers' Loan and Trust Company New York. Interest ceases July 1 1906. President E S Marston oversees trusteeship. New York June 1 1906.
MENTIONED IN THIS ARTICLE
Indiana Block Coal Railroad CO
Indiana Block Coal Railroad Company
Farmers’ Loan and Trust Company
William Street
New York City
Farmers’ Loan and Trust CO
E. S. Marston
New York
Wanted Confidential Private Secretary for Banker
Young man of good family and appearance sought as confidential private secretary for banker. Must be expert stenographer and typewriter with banking and corporation experience and knowledge of accounting. Apply in own handwriting with age and experience. Full references required. Box F 333 Times, Times Square.
MENTIONED IN THIS ARTICLE
Times Square
Wanted Bond Salesman for New York Clients
Classified notice seeks a bond salesman from an established house with New York clientele. Position targets a big party client base. Address G R T Box 151 Times Downtown.
MENTIONED IN THIS ARTICLE
New York
Petional Ee
Also Mentioned on This Page
Plympton, Gardiner & Co
Ankers
William St. , N.Y
Spencer Trask & Co
Pine Streets
Albany, N. Y
Hallgarten&Co., Bankers
Nassau Street
Investment Securities Foreign Exchange
John Harsen Rhoades, Jr
Richmond Hoxie Rhoades & Company
Maurice C. Sternbach
Ember
N. Y. Stock Exchange
Adolph Hoeland
Sternbach & Co
Bankers and Brokers
Wall St
Tra H. Parsons
Bond Dept
Pine St
Carpenter
William St
Baggot & Co
ST. Crosstown
Fiest-Mort
Clark, Grannis & Lawrence, Reall
Place
Pines Becton
Northern Railway OF California
Southern Pacific Ist
Sutro Bros. & CO
Pine Street
New York Stock Eacentue
C. H. Venner & CO
Dick & Robinson
Baring & CO
Foreign Exchange
Letters of Credit
Baring Brothers & Co., Ltd
Kidder, Peabody & CO
Wyle
Capital & Surplus
Nassau ST
N.Y
the Financial Markets
Frisco
Calas Close
Eton Co
Railway Steelee Co
New York Hotel and Restaurant Co
Iron and Steel Notes
City Bank
Money and Exchange
Bullion and Mining
London Stock Market
The
Fifth Avenue
Guardian
New Jersey Commercial Trust Company
Jersey City
N. J
Pennsylvania R. R
John W. Hardenbergh
WM. J. Field
Sec
Y & Treas
George W. Young
Jay 8. Perkins
Ase
T Treas
Robert 8. Ross
J. Richard Tennant
Sec’y
Union Pacific Railroad CO
Union Pacific Railroad Company
Alex. Millar
Broadway
NEW York Metal Ceiling Co
Kennedy
24Th St
Pc Trust CO
Bien Reoth
34Th ST
128Th Street
Third Ave
148Th ST
Anaconda
Atchison
Pennsylvania
Seeneens
Southern Pacific
Steel
Financial Notes
State OF New York
State Comptroller's Office
Albany, N. J
W. W. Webb
F. Box
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