Wall Street Liquidation Over Steel SP St Paul Amid Buying
Traders liquidated about 200000 shares of long stock led by a prominent broker heading for Europe. Union Pacific rose about 2% on strong demand while Southern Pacific weakened on anticipated conversions and broader supply concerns. Some banks were rumored to be absorbing shares and supporting markets as introspective trading and dividend expectations swirled.
MENTIONED IN THIS ARTICLE
Board Room
Southern Pacific
St. Paul
Europe
Bears
Union Pacific
Wall Street
European Markets Report Mixed In London Trading June 9
London's market showed increased demand and firmer discounts with a weak close. American securities weakened then steadied, while copper shares fell and United States Steel eased. Bar silver stood at 24 5-16d per ounce with money at 1 1/2 to 2 percent and short bill discounts around 2 21-16 percent. Paris saw irregular trading with three per cent rente at 98f 10c and London exchange at 25f 20c. Berlin markets were firm but inactive and closing was unsteady.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Wall Street
Grand Trunk
New York
United States Steel
York
Southern Pacific
Paris
Imperial Bank of Germany reports weekly balance changes
Berlin note. The Imperial Bank of Germany releases a weekly statement showing cash in hand up 33.684 million marks and deposits up 18.623 million, with loans down 9.848 million, discounts down 55.058 million, Treasury bills down 24.051 million, notes in circulation down 60.558 million, and gold in hand up 24.622 million marks.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Wheat and Corn Markets Hold Steady Amid Mixed News
Traders kept prices steady after balanced Government reports with no clear edge for bulls or bears. Reports of cheaper new wheat circulated as Southern Kansas dealers reportedly contracted for $1 per bushel. Foreign markets showed Berlin and Budapest gains as German drought persists. World wheat stocks fell by 4,710,000 bushels, while U S cash wheat ranged around $1.51 for No 2 red and $1.89% for No 1 Northern. Corn drew strength from large carrot receipts and slow demand, but rains hindered cultivation and weeds, with No 2 cash at 86c elevator and 82c FOB, while No 2 white and No 2 yellow trended around 84% and 84% respectively.
MENTIONED IN THIS ARTICLE
Kansas
Berlin
Budapest
Germany
New York
Northern
Duluth
Liverpool
Closing quotations on the Colorado Springs Exchange
Local market report lists bid and asked prices for several stocks including Acacia Dr Jackpot Elkton El Paso Gold Dollar Isabella McKinney Portland Vindicator and Sample with figures ranging from 6% to 65% and fractions. The page reflects a typical daily snapshot of trading activity and price levels.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Acacia
Elkton
el Paso
Isabella
McKinney
Portland
Financial notes from the financial district turn
Alexis W Thompson, Inland Steel president, visits town as B B Bryan buys G M Paton NY Cotton Exchange membership for 13000. George Henderson elected VP and Director of Quanah Acme Pacific Railway. W B Franklin Co adds Howard Boulton. Countiss becomes Chicago Stock Exchange president. Kings County Lighting bonds offered to investors at 1 million. Equitable Trust declares 5 percent quarterly dividend. No stock listings reviewed by Exchange. W C Brown departs for Chicago and Iowa. NY City 4 percent bonds added to unlisted department. Salomon and Ladenburg sell city bonds. $5.5 million raised. Pressed Steel Car advances $500k notes payment. Sniffen elected President of Long Island Safe Deposit Company. Lockett to head and resigns.
MENTIONED IN THIS ARTICLE
Alexis W. Thompson
Inland Steel Company
B. B. Bryan
New York Cotton Exchange
G. M. Paton
James M. Schoonmaker
Pittsburg
Lake Erie
George Henderson
Quanah, Acme & Pacific Railway Company
Howard Boulton
The
Stock Exchange
W. B. Franklin & Co
Broadway
Chicago Stock Exchange
F. BD. Countiss
S. B. Chapin & Co
N. W. Harris & Co
Kings County Lighting Company
Equitable Trust Company
W. C. Brown
New York Central Lines
Chicago
Brown
Iowa
New York
William Salomon & Co
Ladenburg, Thulman & Co
New York City
Pressed Steel Car Company
Frank L.sniffen
Brooklyn
Title Guarantee and Trust
Fidelity Leads Sharp U S Stock Rise in Baltimore Trading
Trading in Baltimore reports Fidelity advancing 5 points to 140 and up 9 percent since week start. Continental Trust gains 14 to 223, Maryland Casualty at 100 in record price as Western Maryland Railroad closes near 101 and American Bonding up a point. Shares total 1,000 bonds valued at $64,000.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
United States
Fidelity
Continental Trust
Maryland Casualty
Western Maryland Railroad
American Bonding
At &0
Coal & Iron
City
City &Suh
Ala
WB. Ls Mone Ce
Ga., Co. & North
S. Brewing
MD. Electric
Seaboard
United Rys
Fdg. Bs. Ae Iee
United Rys. “Inc
Wii. & Weldon
Coal & Iron Scene
Coal & Iron Pf
Duck Pf
Exchange Bank
Fidelity & Deposit
Norfolk
Trac
Norf. Ry. Ligistee
Beaboard Co
U. S. Fidelity
Western Marsland
Mercantile Trust
Bondholders warned as several rail trusts redeem 1909 notes
A flurry of notices from guaranty and central trust entities announce redemptions and call dates for 1909. The Chesapeake and Ohio Railway Company and Mississippi Central Railroad plan to pay off notes and bonds on July 1 1909 with two percent premia and cease interest thereafter. Creditors are urged to present unpaid coupons and proofs to offices in New York.
MENTIONED IN THIS ARTICLE
Chesapeake and Ohio Railw Company
Central Trust Company of New York
Chesapeake and Ohio Railway Company
Railway Company
City of
New York
Central Trust Company of
Wall Street
N. Y
Geo. Y. Stevens
Cheake and Ohioilway Company
Geo. W. Stevens
Mississippi Central Railroad Company
Standard Trust Company of New York
Harvey Fisk & Sons
Cedar Street
Borough of
Manhattan
City of New York
Mississippi Central Railroad
F. L. Peck
Yankee Fuel Co
Santa Raton & Eastern BR. R. Co
Yankee Fuel Company
Santa Fe, Raton & Eastern Company
United States Mortgage and Trust Company
Cornelius C. Gustav E. Kissel
H. A. V. Post
W. A. Hardee
Philadelphia Prices Stir Markets With Rapid Transit Decline
June 9 Philadelphia notes a sharp drop in Rapid Transit shares by nearly $50 and a $3.25 fall in Union Traction, triggering heavy selling. About 42,000 Rapid Transit shares changed hands by 8 pm and 9,400 Union Traction shares traded, amid weak overall market and political-interest disposals.
MENTIONED IN THIS ARTICLE
Philadelphia
Philadelphia Rapid Transit
Union Traction
Rapid Transit
Am. Tel
Ites Ik
Amanion Aces Ae
Eet Cines Corn
Ta Tron
Esoses
Cambria Steel
Elec. Co. of Am
General Asphalt
Keystone Tel. Pf
Lake Superior Corp
Lehigh Na
Philadelphia Vicctrie
Phil. Rapid Transit
Reading Presearere o.raePere
Executor Chartered 1822 Financial Agents Listed
The Farmers' Loan and Trust Company lists offices at 16 18 20 and 22 William Street with a branch at 475 Fifth Avenue London Paris offices and a Guardian administrator noted.
MENTIONED IN THIS ARTICLE
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
New York
Copper Steady While Tin Surges on London Trade
Copper held steady on the Metal Exchange while tin rose strongly in step with foreign markets. London Metal Exchange quotes show copper down 12s 6d, with final values near 1, £60 7s 6d for may futures. Pig tin advanced to £134 spot and £185 6d futures, lead around £13 3s 6d, and spelter steady at 2s 6d. Cleveland warrants firm at 488 714d. New York Metal Exchange spot and near deliveries showed mixed bid and ask levels for copper and tin with slight gains in tin.
MENTIONED IN THIS ARTICLE
London Metal Exchange
Cleveland
New York Metal Exchange
Lake
Title Guarantee and Trust Company Claims Threefold Superiority
The company asserts leadership across price quality and prestige in title insurance. It says it pioneered modern pricing, upholds high workmanship, and notes growing clientage as proof of its prestige and suitability for business.
MENTIONED IN THIS ARTICLE
Title Guarantee and Trust Company
Readjustment Plan for Cincinnati Hamilton Dayton Railway
The Cincinnati Hamilton Dayton Railway announces a readjustment plan for outstanding Central Trust Company notes. The Baltimore and Ohio Railroad would acquire control, provide secured capital, and offer holders cash or new four percent mortgage bonds. July 1916 payment options and deposit deadline extended to June 22, 1909.
MENTIONED IN THIS ARTICLE
Central Trust Company of New York
Cincinnati, Hamilton & Dayton Railway Company
Central Trust Company of
New York
Cincinnati, Hamilton & Dayton
Baltimore & Ohio Railroad Company
N. Wallace
Harry Bronner
Smithe
Henry S. Redmond
John H. McClement
Chicago and Alton RR Five Percent Notes Redemption Notice
The Chicago and Alton Railroad Company redeems six million dollars of Five Percent Collateral Notes on July 1, 1909 at par and accrued interest. Present notes with July 1, 1908 and later coupons at The Mercantile Trust Company, 120 Broadway, New York. Interest ceases on July 1, 1909. T. P. Shonts, President.
MENTIONED IN THIS ARTICLE
Chicago & Alton Railroad
Wall St
New York
Chicago & Alton Railroad Company
The
Mercantile Trust Company
Broadway
N. Y
T. P. Shonts
Proposals for Cleveland and Marietta Railway bonds 1909
The Cleveland and Marietta Railway Company invites sealed proposals to sell first mortgage bonds cost 12 500 dollars for the sinking fund. Bonds will be bought July 1 1909 from the lowest bidders at price not to exceed par and interest. Proposals must be in New York by Wednesday. HB Hight treasurer.
MENTIONED IN THIS ARTICLE
Cleveland and Marietta Railway Company
Pittsburgh
Ee Danie Co
Ae Eg Wey
New York
City of New Rochelle Sealed Proposals Bond Sale 1909
The City of New Rochelle invites sealed proposals for the purchase of up to 61000 in Registered five per cent Relief Bonds Series A 1909. Bonds mature 1910 to 1919 with interest semi annual May and November. Payment options include New York Exchange. Proposals require a five percent certified check or cash. Delivery July 1 1909. Right to reject bids reserved. Legal opinion by Delafield Longfellow.
MENTIONED IN THIS ARTICLE
Common Council
Main
Mechanic Streets
New Rochelle
New York Exchange
State of
New York
Messrs. Delafield & Longfellow
Wall Street
New York City
N. Y
City of
Main and
New -York Exchange
Messrs. Delafield & Son
New Yor City
New Rochelle Seeks Relief Bond Bids for 1916 1918
City of New Rochelle invites bids for registered five per cent relief bonds series B of 1909. Bonds mature in 1916 to 1918. Seven bonds maturing on New York Exchange. Bid values and payment terms listed. Bids due July 1, 1909. Bond legality to be approved by Delafield & Son of New York.
Also Mentioned on This Page
Western Union
National Biscuit
Booth
Can
Booth & Core
Booth & Co
Nat Biscuit
Sears-Roebuck
Conbuck
Street’s
Coast Line
Ches. & Ohio
St.l. Gs
Interborough
City R. & Ly Gs
Ept
City So
Apri Lack Steel Co
Wort
Lake Shore
Ceras
Souls
Nash
Shrek
Central
Minn
St. L
Nort. & Western
Pennsylvania
London Exchange
Bank of Germany
Manly
Anaconda
Atchison
PBC
St. Pau
Erie Ee
Erie Ist
Ill
Louis & Nash
U. S. Stee Union Pac
Ecreee
U. S. Steel Pf
Foreign Public Securities
Saxony
Cologne
Augsburg
Munich
Vienna
Frankfort-on-Main
Camp Bird
Esperanza
Tomboy Eesisn
Dolores
Stratton’s Ind
Grain and Provisions
Regina
Park
Colorado
Financial Notes
Lohgan
Bs R
Beach
Mar
St. R
Mich
Steese
E. M. Philip
Adams
Allis-Chalm
Am. Ag
M. Y
A. H&l
N. Oo B
Ae B
Pac Coast
But’k Co
Peo
Cc. B.& Oe
Chi Gt. W. Pitts
Pitts
G. W
Ceceel
St Om
Ev. &T
7S & Co
Ev. & T. Texas
Tex. C. Pf
F. M
T.P. L. Tr
Gen. Co
Tek & W
R. Pf. Int. Power
B. R
Ath Va
Car. K
M. I
Kan. C
Ft. Va
Tl. C
Mempf
Caresses
W.F. Exp
Westingh
Se &D. M
L. E. li
Kn. I
Chi W.&l
O Amalgamated
Florence Goldfield
Learnard
Nevada-Utah
Piocghe
Plaza
New Netheran, Co
Trinity Place
Kansas City Southern Railway CO
Kansas City Southern Railway Company
New York Trust Company
Broad Street
J. A. Edson
Society of the ‘‘ Home For Incurables
Field Memorial Chapel
George R. van de Water
William H. McEplroy
Ladies’ Auxiliary Board
Anthony Dey
Frederic C. Wayne Montgomery H. Clarkson
Israel C. Jones
M.D
D.O. Mills
Manhattan Fire Alarm Company
Barclay Street
E. S. Allen
American Designing & Reproducing CO
N.Y
American Designing and Reproducing Company
Fettretch, Silkman & Seybel
Park Row
Geo. LE Prevost
Evan OY
Park Place
N. Cei
Rae Hanes
Southern Pacific CO
Southern Pacific Company
A. K. van Deventer
Lawyers Title Insurance and Trust Company
Archibald Forbes
Chicago Junction Railways & Union Stock Yards Company
BE. M. F. Miller
Jersey City
N. J
Republic Iron. & Steel Company
Republic Iron & Steel Company
H. L. Rownd. Secy. & Treas
Ropolitan Trust Company
Bertram Cruger
Mergenthaler Linotype Company
Fred
K J. Warburton
NEW York Central & Hudson River Railroad Company
Edward L. Rossiter
Otis Elevator Company
Battery Place
Lynde Belknap
Guaranty Trust CO
Stonktvel
Ofre
John C. O’conor
Calvert Brewer
National Bank of North America
John W. McKinnon
New Amsterdam National Bank of New York
Ron ¢ & Steel
Onopah Mining
Aeee Gas
Ny I
Ss. Steel
Eanneee
Ak ‘Warwick I
Bishopsgate St. Within
Boulevard Haussmann
Travelers’ Letters of Credit
Guardian
Metal Market Reports
Tind Trust
B’way
Remsen St
Bkiym
Fulton St
Jamaica
Standard Oil
Moody’s
Nassau Street
Curb Mining
Edward E. Epps
William
Lawyers Title Insurance& Trust Company
Montague Street
Edwin W. Coggeshall
Louis V. Bright
Thorwald Btallenecht
David B. Ogden
F. Butterworth
W. Coggeshall
William Bay
William Xon
Julian D. “Pairchild
John T. Locem Henry Necrerhag, James N. Wallace
Development Company of America
Pine Street
Trust Company OF America
WM. H.leupp
F. L. Babcock
Joline, Larkin & S
Thbonte Counsel
New York Stock Exchange House
B.A