Wall Street Averts Rallies as Dull Tone Persists
The market shows widespread apathy with Union Pacific trades few and small amid expectations of new stock subscriptions. Traders note mixed signals from the steel industry while a noted financier doubts a rapid recovery, and a humorous but cautionary tale links stock tips to a medium’s trance and past bears.
MENTIONED IN THIS ARTICLE
Trraders
Union Pacific
Union
Pacific
Union Complaint Alleges Wage Law Violation on Piers Contract
The Housesmiths Union alleges the wage law was broken on a contract tied to 59 North River piers. Walter Drew cites the open shop approach and contractor practices as violations. He claims the open shop policy undermines union provisions and notes actions by the Marshall Company and associates.
MENTIONED IN THIS ARTICLE
Uni
Western Union cuts dividend amid revenue drop
Directors propose a reduced quarterly dividend of one half of 1 percent payable in stock rather than cash. June 20 record date set. net revenues declined by 200000 with a larger prior decrease, while bond interest and prior payments influence the new rate. Mohawk Mining also declares a $2.50 per share dividend payable July 10 to holders of record June 20, reflecting prior metal slump.
MENTIONED IN THIS ARTICLE
Telegraph Company
Eater Ealed
Western Union
Stork
Mohawk
Chicago Consolidated Traction Co
Chicago Consolidated Traction Company
Central Trust Company of
New York
Wall Street
New York City
Illinois Trust and Savings Bank
la Salle Street
Chicago
Illnois
Gem Savings
195Th St. & Lexington AY
William E. Trotter
Thomas R. Ebert
W. R. Baker
Montreal
Park Place
Board of
Lawyers Title Insurance and Trust Company
Liberty &J
Liberty Street
Archibatd Forbes
Kerr Lake Mining Company
Cobalt
A. Jacobs
Treas
Empire Steel and Iron Company
Catasauqua
Jung
J. S&s. Stillman
Fred’k J. Warburton
Munday
Union Pacific Railroad
Carterly
Broadway
N.Y
Frederic Y. S. Crosby
N. Y
NEW York Central & Hudson River Railroad Company
NEW York & Hariem Railroad Company
Edwardt
Rositter
JHE Phars
National Bank of
Columbia Trust Company
Nassau
A H. Loeb
UNITED TRACTION _ AND ELECTRIC , COMPANY
Jersey City
N. J
Sweetland
Western Union Telegraph Company
Nex
T. Wilbur
Manhattan Railway Company
Interborough Rapid Transit Copany
Park Row
State Street
Boston
Mass
Charles A. Hubbard
Nea Ohio
Messrs. J. P. Morgan Company
WM. N. Cott
Morrel Hls Smith
American ‘Type Cinea Company
N.F City
Union Pay & Paper Company
NEW York Note & Hudson
Goulds Measles Cure and Rail Bonds Amid Banking News
Discussion of Gould Harriman relations and possible agreements along with the Wabash Pittsburgh Terminal Railway bond listing. Reports that receivers will base offices in Cleveland and Pittsburgh, while financial markets debate Goulds railroad strategy and bond issuance details.
MENTIONED IN THIS ARTICLE
Pittsburg
E. T. Jeffery
Gould
Wheeling & Take Erie
Cleveland
Wabash-Pittsburg
George Gould
Wall Street
Harrimann
Gould-Harriman
Mr. Harriman
Mr. Gould
Goulds
The
Stock Exchange
Wabash Pittsburg Terminal Railway Company
Standard Financial Reference
Grain and Provisions Wheat and Corn Markets Rally and Fall
Market volatility in grains driven by conflicting crop and weather signals. Heavy rains hit Kansas Oklahoma and Nebraska while Missouri reports black rust. Iowa Winter wheat at 101 vs 91 last year Spring 100 vs 95. Northwest and Canada turn sentiment favorable causing a rapid late break. Export loads about twelve. Budapest higher Berlin lower Liverpool off. Cash wheat No 2 red 98 cents elevator 99. Corn prices firm then weak with noon retreat. Iowa crop condition 2 vs 88 last year. Chicago receipts near estimates interior 601000 bushels versus 1.54 million year ago. Liverpool up 44 cents Friday. No 2 corn New York bid at nominal in elevator.
MENTIONED IN THIS ARTICLE
Kansas
Oklahoma
Nebraska
Missouri
Iowa
Northwest
Canada
Budapest
Berlin
Liverpool
New York
Northern
Duluth
Iowa State
Chicago
Securities admitted to listing on the Stock Exchange
The following issues were admitted to listing including Southern Railway Company bonds of 5.4 million due 1955 and other issues such as American Telephone and Telegraph 10 million convertible 4 percent bonds and Brooklyn Union Gas 3 million debentures with diversified preferred and common stock. Total listed value reaches 29.59 million to date.
MENTIONED IN THIS ARTICLE
The
Stock Exchange
Southern Railway Company
American Teienhon
Ane Telegraph Company
Brooklyn Union Gas Company
H; Connon
Ivan Dbetinnine Company
Ternational
Harvester Company
Comcnon
Union Pacific Railroad Company
Copper and Lead Prices Move on London and Newark Markets
The Metal Exchange shows advances in copper and lead prices yesterday with spot and futures gains. London copper spot and futures rose from Tuesday’s close while tin and nickel quoted. Newark bids and asks compare with the prior day showing slight strength in some copper categories.
MENTIONED IN THIS ARTICLE
London
Cleveland
Ted
Newark Metal Exchange
RECO
Access Eae
Also Mentioned on This Page
Norma
Ns Coon
Financial Discas
Financial District
California
Jay Gould
Collis P. Huntington
Addison Cammadyk
Aerts
Siomjer
Astide
F Shibata
Mr.gould
Harriman
Fis
Gressions In the East
Grain and Provisions
Focal Metal Exchange
Lawyers Title Insurance& Trust Company
Edwin W. Coggeshall
Louis V. Bright
Thorwald Stallknecht
Archibald Forbes
David B. Ogden
Geo. F. Butterworth, Dumont Clarke
William A. Day, William F. Dixon
Julian D. Fairchild
Jonn T. Lockman
Henry Morgenthau
James N. Wallace
Hornblower & Weeks, Bankers & Brokers
West 43D Street
State St
Providence
Newport
Monroe St
Hartford
New Haven
Fifth Avenue Trust Company
Fifth Avenue
43D Street
Jv. N. Wallaceh
Hugh J. Grant
Henry A. Bla
Chauncey Kefp
Charles G. Dawes
F. L. Babcock
Joline, Larkin & Rathbone
Krauthoff
Consolidated Stock Exchange of
Society of the Home For Incurables
Field Memorial Chapel
Leighton Parks
Cornelius A. Pugsley
Thomas L. James
William H. McElroy
Anthony Dey
Frederic C
Edson S. Lott
D. G. Luckett
Roberts, Cushman & Company
Roberts, Cushman & Co
Washington Place
Christopher H. Roberts
Manhattan Square Realty Company
West 85Th St
Borough of
Manhattan
City of New York
Halsey K. Smith
Canadian Pacific Railway Company
Telep Searchlight Mining
Alex. Vv
Finn & CO
New York _ Owners Co
U.S
J. F. Weathers & CO
U. S
H. +. HUTCHINSON
L. A. Stuart
Liverpol
Gulf
Mobile
Savannah
Norfolk
Augusta
Houston
New Orleans
Galveston
Memphis
St. Louis
Nand
New Jersey
Pennsylvania
New York Times
Times
Adv
United States
Sterling Bonds Exchange
England
E. H. Harriman
Julesburg
la Salle
Colorado
Omaha
Denver
Salt Lake City
ISUS
Union Pacific Railroad and Auxiliary Lines
Oregon Short Line
Oregon Railroad and Navigation Company
Missouri River
Kansas City
Pacific Coast
Oregon Short Line Railroad Company
C . H. Harriman
London Stock Exchanges
Messrs
Baring Brothers & Co., Limited
Messrs. Glyn, Mills, Currie & CO
William and Pine Streets
United Fruit Company
Web _ SPARKS
the Plaza Bank
M. Clarke
Cashier
A Kornblueth
East 11Th Street