Financial markets buoyed by war order prospects and cautious optimism
Uncertainty over relations with Germany and delays in vote counts mingle with hope for a peaceful resolution. Copper and motor stocks gain on anticipated war material profits while the bond and stock markets show conservatism pending notes exchange. Government crop data and wheat yield expectations shape midyear outlook as iron and steel show steady progress and general business strengthens into the second half.
MENTIONED IN THIS ARTICLE
Germany
Money and Exchange and Stock Market Report Summary
Financial data shows reserve banks discount rates by city, foreign exchange rates including sterling and Paris, time bills on London, and New York Clearing House figures. Stock market activity lists numerous issues with prices, highs and lows, including major names such as General Motors, Bethlehem Steel, American Sugar, United Cigar, and Union Pacific, reflecting broad market movements.
MENTIONED IN THIS ARTICLE
Lens
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Ccecsvecs
Chicard
St. Louisa
Minneapolis
Kansas City
A.ss
Ssdisons
Isha
Berlin
Austria
Russia
China
Ceeeeeceess
Shanghai
Acedevenss
Oosencesooee
Cresco Vic Cccescoetees
Holland
Japan
Kebe Ave
Eeaatidesens Teen
Yokohama Osnarenses Enna
Ine Islands
Palantia Gus Fuaee
Gi eyeTey
South America
Buenos
London
New York Clearing House
Treasury
Friay
London Markets Steady as Copper Firms amid Quiet Day
London money and discount rates were quiet with a featureless stock market. Prices held steady as copper stocks stayed firm and in demand. American securities opened slightly under parity while American and Canadian issues showed mixed action before a steady close.
MENTIONED IN THIS ARTICLE
London
Ams
Canadian Pacific
Prices Firm on Paris Bourse
Paris curbed by firm prices on the Bourse with three per cent rentes at 77 francs 70 centimes cash. London exchange quoted at 2 francs 10 centimes.
MENTIONED IN THIS ARTICLE
Paris
London
Question of duties on compasses and pedometers before General Appraisers
Board No 1 heard Sussfeld Lorsch Co protests against Collector Malone's levy of duty on compasses and pedometers. Goods vary in size and retail price and are used by surveyors and linemen. Collector taxed as wearable metal articles. counsel seeks 20 percent ad valorem as manufactures of metal not specially provided. Decision reserved.
MENTIONED IN THIS ARTICLE
Sussfeld, Lorsch & Co
Malone
Thomas M. Lane
Henry Lorsch
Metal prices surge as ammunition demand drives gains
Copper and lead rise with strong demand for ammunition making. Zinc ore hits 112 dollars a ton, a historic high, while spelter and related alloys see follow on effects. The American Smelting and Refining Company lifts lead quotations from 5.20 to 5.50 per unit. Missouri reports zinc ore sales at unprecedented levels.
MENTIONED IN THIS ARTICLE
American Smelting and Refining Company
Missouri
United States
Industrial Alcohol Preferred
Distillers’ Securities and
Industrial Alcohol Common
Distillers’ Securities Corporation
Distillers’ Corporation
Canada Gold Inflow Boosts J P Morgan To $20 Million
J P Morgan and Co received $2,040,000 in gold from Ottawa yesterday and deposited it with the Sub Treasury. A similar amount arrived last Saturday, bringing the total gold from Canada in this movement to $20,000,000.
MENTIONED IN THIS ARTICLE
Canada
J. P. Morgan & Co
Ottawa
Sub- Treasury
Railway bonds quoted on percentage basis in market list
A compiled list of railway equipment bonds with maturity dates and bid and ask prices. Names include Baltimore and Ohio, Canadian Pacific, Chesapeake and Ohio, Chicago and North Western, Illinois Central, Missouri Pacific, Pennsylvania, and Seaboard Air Line among others. Rates range from 4% to 6 1 4 percent with varying bid asks.
MENTIONED IN THIS ARTICLE
Fete Aes Sante
Fiske
Aes Ees
Alaski Gold Mines
Bom
Goo
Allis-Chalmers Mfg
Allis-Chal
Car & Fdry
H. & Leather
Am. H. & Leath
Boy Bobby
Ice Securities
Linseed
Gobs
Am. Smelt
Am. Smelt. & i. Pf
Bby
Son
Am. Steel F
Am. Teleph. & Tel
Ie Certteee
Am. Tel. Pt
Asssect Cop. Co
Atch
S. F.pf
Atlantic Coast Line
Baldwin Love
Baltimore & Ohio
Baltimore
Batopilas Mining
Bethlehem Steel
Bklyn Rapid Tran
Ise
California Petrol
California Pet
Canadian Pacific
Central Leather Co
Central Leather Pi
cSsaagaa
J. P. Pe
Cal
Peete
Sali
Tae
Stillere
Erie
Erte
Federal M
Federal M. & S. Pf
General Filectric
General Motors
General Motors Pf
Goodrich
Lis
Northern
Nbig
N. Certs
Wah R314 34! Re 62% | 644 | 2,800 Gunheim Exlor
Baty
Inspiration
Met
V. Tr.cfs
Wey
Inter.-Met. Pf
Kansas City South
Lackawanna Steel
Latagh Valley
Louis & Nash
Manhattan Elev
Maxwell Motors
REY Bry
Mak. Motors
Megican Petroleum
Miami Coppee Et Eins
M. St. P
Kan
Ieee
T. Pf
Missouri Pacific
Nat
Biscuit Co
Cloak & Suit
Land O
Wily Giy
N. Rys
M. 2d Pf
Cat
West
Norfolk & Western
Northern Pacific
Sig
Pacific Mall
Zea
Penn
Ee Cniga
Cian
Chi
Pittsburgh Coal
Pullman Co
Quicksilver
Ray Con
Rep. Iron & Steel
Rock Island Co
Rumely
Sears, Raeb Co
Southern Pacific
Southern Railway
Studebaker Co
Tennesse
Nya
Third Avenue
Twin City R. Te
Underwood
Union B. & P. Co
Union Pacific
Bile Rily &Ls
United Cigar
Ios
Ind
Alco
U. Rubber
TB. Steel
Bnty
BSR
U . Steel Pf
Va-Car, Chemical
Ott
Wy Ywom
Wabash
Western Maryland
Western Union
Ina
Westinghes & M
Winlys- Creetane
Balt
Ohio
Roch
Ches. & Ohio
Chicago & N. W
Ind. & Louis
RL & P
Cel G. & St. L
Cel. & Hudson
Erie Fairhoad
Hocking Valley
Illinois Central
Louis. & Nash
N. Y
N. H
State banks gain access to new currency system
The Federal Reserve Board reportedly completed regulations allowing state banks to join the new currency system with provisions to balance advantages between state and national banks. A China-linked bank with an American base in San Francisco is discussed, while connections to the Robert Dollar Steamship Company influence its potential flotation.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Federal Reserve System
Financial District
San Francisco
Robert Dollar Steamship Company
China
Engineer predicts Russian postwar alliance with American capital
A prominent city engineer said his firm had several representatives in Russia on a tour of observation. They sought postwar business invited by Russian interests and believed American capital and engineers must continue work after German exit. He foresees a Russian American alliance lasting a generation.
MENTIONED IN THIS ARTICLE
Russia
Treasury Statement: Receipts and Expenditures to June 5
Special to The New York Times reports June 5 receipts and expenditures by category. Customs show 754,911. ordinary revenue 1,530,568. miscellaneous 300,118. total receipts 2,7s, eal ong 454. Expenditures total 2,288, S25 L7S.U67T. Deficit listed as 407, 07-O20, 057 404.376,971.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Od . & Inc
Closing quotations for United States Government bonds and stocks
Closing quotations for government bonds and stocks show mixed activity with numerous items listed as Bid and Asked. The page records price pairs across dozens of issues including Am C & F, Am Coal, Am Wool, Homestake, and Texas Co with various par values and price fractions noted.
MENTIONED IN THIS ARTICLE
United States
1Oeig & Pr
Wis
Adams
Uz Am Ag
AT &c
Metal market prices from local exchange report
The report lists yesterday's quotations for metals including Antimony at 0.55.00, 35.10, 40.90 and electrolytic copper around 30 days at 1.40 per pound. It notes London market quotations for copper with spot and futures prices and standard weekly updates.
MENTIONED IN THIS ARTICLE
London
Ceerecenseees
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