Market tone shifts as traders weigh uncertain gains and losses
Uncertainty grips Wall Street as traders describe a market with erratic swings and unclear turns. Some see rising money rates and a London driven demand for remittances while Third Avenue strain signals broader sensitivity to negative news.
MENTIONED IN THIS ARTICLE
Board Room
Third Avenue
Reading
Union Pacific
St. Paul
Wall Street
Investors list heavy with rail, gas and steel stocks
A long inventory of securities is presented for purchase including Amer Brake Shoes, Union Trust and many railways such as Chattanooga Railways, Cincinnati Northern and Kansas & Colorado. Other notable names include New Jersey Zinc, Lehigh & Wilkesbarre Coal, Western Pacific and Wells Fargo Express. Prices and quantities listed vary across dozens of firms and industries.
MENTIONED IN THIS ARTICLE
Batte Elec. & Power
Bleecker St. & Fulton Ferry
Brooklyn Union “L
Chase National Bank
Chattanooga Railways
Cincinnati Northern
Cent. & So. Amer. Telegraph
de Long Hook & Eye
Development Co
Amer
du Pont Powder
Pfd
Eastern Penn. Rys
Empire Steel & Iron, Pfd
Farmers Loan & Trust
General Chemical
Green Bay & Western
Hartford Carpet
Hudson Companies
Hudson & Manhattan
Hudson Navigation
Hecker-Jones-Jewell
Int
Time Recording
Jersey Cent. Trac
Kansas & Colorado Pac. Ry
Lackawanna Steel
Adams Express
Amer. Dist. Teleg
N. J
Amer. Gas & Electric
Amer. Light & Traction
Ann Arbor
Barrett Mfg. Co
Borden’s
Central Ry. Syndicate
Century Realty Co
Conn. Ry. & Light
Crip. Creek Cent
Des Moines & Ft. Dodge
Gray Natl. Telautograph
Hartford Carpet, Ptd
H’ld’g. Co
Lackawanna Iron Steel
Liberty Life
Madison Sq. Garden
Norf. & N. Bruns
Omaha Gas
Richmond Light & R. R. Otis
Royal
Safety Car Heat & Light
Thomas Iron Co
Tri-City Ry. & Light
Underwood Typewriter
Virginian Railway
Wells Fargo Express
Western Pacific
European markets tight as supply bites and gains hide
London and Paris stocks opened mixed with tighter money and firmer discounts. Consols rose aided by a strong bank statement while Paris news supported foreign buyers. Ontario and Western a notable feature amid a pullback in copper and U S Steel and Union Pacific gaining in early afternoon.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris News
New York
Union Pacific
United States Steel
Wall Street
Ontario and Western
Bank of England weekly statement shows reserve rise
The Bank of England reports total reserve up 1,204,000 while circulation falls 187,000. Bullion increases 1,016,167 and other securities decrease 2,358,000. Other deposits drop 1,558,000 as public deposits rise 403,000. Notes reserve grows 1,183,000. government securities unchanged. Reserve to liability ratio 48.70 percent versus 45.61 prior week.
MENTIONED IN THIS ARTICLE
London
Bank of England
Bank of France weekly statement shows mixed changes
Paris June 10 report notes in circulation fell by 137.8 million francs while treasury deposits rose 0.55 million and general deposits increased 22.7 million. Gold on hand grew 17.65 million francs and silver 3.425 million, bills discounted fell 235.9 million, advances rose 10.325 million.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
American Mining Stocks In London Overview
Market notes show American mining shares traded in London with figures for Camp Bird Esperanza Tomboy Dolores El Oro and Stratton’s Independent. Prices and yields listed include 6.84 for Camp Bird and 1% references, indicating small league stock movements.
MENTIONED IN THIS ARTICLE
London
Camp Bird
Esperanza
Tomboy
Dolores
el Oro
Stratton’s Ind
Outside securities copper issues feature price gains amid reduced metal on hand
Copper mining shares advanced slightly as figures show less crude metal on hand. Alaska Mines led activity with volatile moves from a 2 cent recovery to 18 then a close at 14, a four cent daily loss. Goldfield Consolidated climbed early then faded. Standard Oil rose while American Tobacco fell. Bond trade slowed with some gains in select issues.
MENTIONED IN THIS ARTICLE
Davis-Daly
Inspiration
Miami
Nevada
Ohio
United Coppers
Alaska Mines
Goldfield Consolidated
Standard Oil
American Tobacco
Atchison New
The
Stock Exchange
Kansas City Southern
Jones & Laughlin
Western Pacific
Inter
N. Y
Standard Salt
United Cigar Co
Chi
Subway
Boston Copper
Brit. Col
Carisa
Cobalt
Cum
Ely
Davis-D. Cop
Douglas Copper
Giroux Mining
Goldfield Con
Daisy. Ae
Greene-Cananea
Kerr Lake
la Rose
King Edward
Miami Copper
M Co
Nev. Smelt
Nev. Con
Uta
Nip. Mines Co
Ohio Copper
Rand
Stewarting & Eetene Mill
Sup. & Pitts
Kramps Con
Union
United Cov
United Rico
Utah G
Knob Ac
konGol Mines
Toe Cen. Ry
Jones & L
Kan
Ony Oe
West
Bay State Gas
British Col
Butte Eee
Cobalt Central
Ely Mining
Davis-Dalyee
Uae
Bi Dolores, Ltd
Seeweeeees
First Nat. Cop
Eeenees
Goldfield Daisy
Eeeeee OO
Guggenheim Explor
Kerr Lake Ence Weeenene TL
la Rose Con Re
Manhattan Transit
Mason Valley
Eereee 25 Mines Co. of America
Grain and Provisions Market Summary Delivers Mixed Signals
Wheat fell late after an export rumor driven rally, with July hardest hit. New York cash prices showed No 2 red at 1.51 elevator and No 1 Northern at 1.36 a fob. Corn posted early highs on rain and demand, then weakened as wheat sank with No 2 yellow at 84 1/4 to 84 1/2 cents fob.
MENTIONED IN THIS ARTICLE
Minneapolis
New York
Antwerp
Bristol
Manitoba
Liverpool
Kansas
Missouri
Duluth
Chicago
Cotton Market Shows Firmness With Mixed Futures
Cotton futures stayed firm with gains in early trading and steady closes. Active months traded 15 to 22 points below highs while spot cotton in the local market held at 11.30 for middling upland and 11.55 for middling Gulf with 250 bales sold. Southern market activity varied with Galveston Savannah Norfolk Augusta St Louis Houston New Orleans reports.
MENTIONED IN THIS ARTICLE
Gulf
Galveston
Savannah
Norfolk
Augusta
St. Louis
Houston
New Orleans
Amalgamated Copper elects John D. Ryan president
John D. Ryan was elected President of the Amalgamated Copper Company to succeed the late H. H. Rogers. Albert H. Wiggin of Chase National Bank was chosen a director of the Lawyers Title and Insurance Company. The Stock Exchange dropped Mexican Central Railway certificates of deposit. Posner & Co. opened a Spring Lake branch under W. S. D. Fling. Maiden Lane Savings Bank declared a 4 percent semi annual dividend. Directors include Louis Windmuller, Leopold Stern, Pridge Commissioner Stevenson, W. F. Carlton, and J. S. de Selding.
MENTIONED IN THIS ARTICLE
John D. Ryan
Amalgamated Copper Company
H. H. Rogers
Albert H. Wiggin
Chase National Bank
Lawyers Title and Insurance Company
The
Stock Exchange
Mexican Central Railway Company
Posner & Co
Broadway
Independent Electric Building
Spring Lake
N. J
W. S. D. Fling
Maiden Lane Savings Bank
Louis Windmuller
Leopold Stern
Pridge
Stevenson
W. F. Carlton
Mercantile National Matha
J. S. de Selding
Roker
Pittsburg Transactions Closing Local Exchange
The Pittsburg closing transactions list the day’s activity at the local Exchange dated June 10. Brokers reported varied buy and sell orders across listed securities with total volume and price movements typical of a midweek session.
MENTIONED IN THIS ARTICLE
The
New York Times
Pittsburg
Bondholders warned on extension payments for Mexican Northern
Office of the Mexican Northern Railway at 82 Beaver Street New York notifies bondholders to present bonds for extension certificates at the company office instead of Morton Trust Company. Letter from secretary R E Safford says copies of the circular issued June 1 1909 will be mailed on request.
MENTIONED IN THIS ARTICLE
J. M. Horton Ice Cream Company
East 24Th Street
Newae City
Chauncey E. Horton
New York
Mott Haven Apartments
Smith Building
148Th Street
Third Avenue
Borough of the Bronx
New York City
Charles F. Minor
New York Ig & Improvement Co
New York Loan & Improvement Company
Wall Street
S. Rollins
Rotary Composing Machine Co
Broadway
Borough of
Manhattan
County of
Samuel Ames
Mexican Northern Railway
Beaver Street
Mexican Northern Railway CO
Morton Trust Company
Utah Copper Company
Proadway
FMZ
Chas. K. Lipman
Twin City Rapid Transit Company
Farmers’ Loan and Trust Company
William Street
E. S. Pattee
NEW York Central & Hudson River Railroad Company
New York & Harlem Railroad Company
Edward L. Rossiter
W. L. Sparks
American Can Company
R. H. Simon
United Traction and Electric Compan
Jersey City
N. J
C. S. Sweetland
Dividend notices from multiple New York companies in 1909
A compilation of dividend declarations from Guggenheim Exploration Utah Copper City Investing Manhattan Railway and other firms. Details include dividend rates quarterly, payment dates July 1909, record dates June 1909, and book closures for stock transfers across several New York based companies.
Proposals Open for 61000 Relief Bonds Series A 1909
Sealed proposals are invited at City Hall New Rochelle until June 15 1909 for purchase of all or part of 61000 five percent relief bonds Series A 1909. Bonds dated June 1 1909 mature in 1910 to 1918 and 1919 with interest due May 1 and November 1.
City seeks bids for 5 percent relief bonds in New Rochelle
The city invites bids at eight o clock for up to 25 000 dollars of Registered five percent Relief Bonds Series B of 1909 covering 1916 to 1918 and seven bonds due May 4 1919. Interest paid semi annually with purchaser covering interest on July 1 1909. City reserves right to reject any or all bids. Dated New Rochelle May 28 1909. William G. Rainsford City Clerk.
MENTIONED IN THIS ARTICLE
Pope Manufacturing Company
Pope Manufacturing Compan
Compa
Central Trust Company of New York
Copany
Wall Street
Manhattan
New York City
New York
Albert L. Pope
Common Council
Main
Mechanic Streets
New Rochelle
New York Exchange
New Rochellé
Messrs. Delafield & Longfellow
N. Y
City of
Also Mentioned on This Page
Money and Exchange
J. K. Rice, Jr.& Co
Dabcock & Wilcox
Lehigh & New York
Lehigh & Wilkesbarre Coal
L’ville
Hend
St. L
New Jersey Zinc
Son.y
Queens E.L.& P
Dodd’s
New York Shipbuilding
Northwestern Commercial
Pere Marquette
Pitts
R.R. & Coalds
Roy
Tacoma Gases
Texas & Pacific Coal
Texas Company
Thompson-Starrett,Com
United Metal Selling
Weste’r Co. NJ
Bk. Peekskill
Yale & Towne Miz
J.K. Rice, Jr.& Co
Wall ST
London Exchange
Exchange
Berlin
Canadian Pacific
Lon N
Close
Ch'ge
Anaconda
Atchison Weseee
Can. Pacific
Erie
Ee Erie
Ill
Central
Kg & Nash
Ivan Amie
Aee
Southern Pacific
Ss. Steel
Steel
Foreign Public Securities
Coveeee -Loik
Saxony
Censesses
Hamburg
Oferlin
Cologne
Augsburg
Vienna
Outside Securities
Alaska
Industrials
Iiss
Averee Ee Ae Ee
Ee Ee
Financial Notes
Pittsburg Transactions
Cable Consolidated
Te Ic
Consolidated Ice
Crucible Steel
Fireproof Tee Eee
Interior Mining
Mfrs
Light & Heat
Ohio Fuel
Philelphia Co. ,Pt
Pitburg Brewing
Pittsburg Brewing Pt
Pittsburg Coal
River Coal
Shoshone -Ross Mining
U. S. Steel
Teeeneeesese
Toy Seeesesese
Silver Peak
Kansas Gas
Pittsburg Brewing
Baltimore
American Bonding
Continental Trust
Anac
Potomac
City
Detroit United
S. Brewing
Santin & Ala
Maryland
MD. & Penna. Inc
N. & P. Trac
Seaboard
United Ays
United
Fidelity & Deposit
Ga. South
Florida
Georgia
Maryland Casualty
Chicago Stock Market
Booth Fisheries
Booth Company
Booth & Co
Booth Fisheries Pf
Chi. Rys
Nat. Biscuit
Nat. Biscuit Pt
Tae
People’s Gas
Quaker Oats
Sears-Roebuck
Street
Ontario Transmission Company, Ltd
First Mortgage
Toronto
Can
Ontario Power Company, Ltd
Niagara Falls
United States
Canada
Niagara
Crawford, Dyer & Cannon
NEW York Stock Exchange
Philadelphia
Fifth Ave
San Francisco
R. R. Co
Georges Charbonneaux
Jake Bros. & Co
Broad St. Pera
Statistical Department
C. Benton
West 28Th St
Bureau of ‘Supplies and Accounts
Navy Department
Washington, D. C
Navy Yard
Brooklyn
Navy Pay Office
Bureau
E. B. Rogers
Birlunbiretey
Akman St
United States Mortgage and Trust Company
73D St
Lt. Ave
125Th St
Cornelius C. Cuyler
John W. Platten
Arthur Turnbull
Union Trust Company of New York
Fifth Avenue
38Th St
Guggenheim Eee
Guggenheim Exploration Company
Manhattan Railway Company
Interborough Rapid Transit Company
J. H. Campbell
City Investing Company
Morris B. Mead
Republic Iron & Steel Company
H. L. Rownd. Secy. & Treas
the Mutual Bank
ST. New
A. H. Day
Union Bag and Paper CO
Battery Pl
N. Y. City
Union Bag and Paper Company
Railroad Securities Company
Illinois Central
Chas. C. Tegethoff
Mercantile National Bank
Emil Klein
Gustav Bunzl
Ernest Bunzl
J. Bunzl & Sons
New and Ludlow
Thomas Gibson
Corn Exchange Bank Bldg
Jackson Boulevard
INI
William G. Rainsford