Financial Markets Show Mixed Signals Across Global and Domestic Fronts
The report notes European hesitancy amid a near clash over a colonial issue and domestic talk of legislative action. Stock prices drifted with little movement, New York Central slipped despite good earnings, and cotton led gains in commodities on expectations from a major bear shift. Money markets firmed with call money at 3 percent as midyear settlements loomed.
MENTIONED IN THIS ARTICLE
Germany
Hendricks
Pa Hce
Frick
Peace Pour Parlers
Washington
Stock Exchange
New York Central
Stock dividends and meetings noted in calendar
The calendar lists preferred stock notes for International Silver Co Kansas City Fort Scott and Memphis Railroad Manhattan Railway St Louis and San Francisco and Chicago and Eastern Illinois Railroad with trust certificates and United Railways Investment Co San Francisco. Dividends payable on Norfolk and Western Railway common stock. A special meeting is noted for Boston Consolidated Co.
MENTIONED IN THIS ARTICLE
International Silver Co
Kansas City
Fort Scott and
Memphis Railroad
Manhattan Railway
St. Louis
San Francisco
Preferred
Chicago and Eastern
Illinois Railroad
Reir
United Railways Investment Co
Norfolk. and Western Railway
Boston Consolidated Co
Chicago Terminal Transfer Railroads Potential Sale By CBQ
The Chicago, Burlington and Quincy Railroad plans to acquire the Chicago Terminal Transfer Railroad as its next step after a July interest default. Negotiations are not final but likely, with bondholders poised to take over if a second default occurs. The transfer railroad manages Chicago terminals and a belt line, with lessees including B and O and Pere Marquette amid prior joint control and later partial reorganization efforts led by Henry W. De Forest.
MENTIONED IN THIS ARTICLE
Chicago, Burlington and Quincy Railroad
Chicago Terminal Transfer Railroad
Whic
Chicago Terminal
Rail+road
Chicago
Rock Island
Lake Shore
Michigan Southern
New York
St. Louis
Baltimore and Ohio
Chicago and Great Western
Pére Marquette
Henry W. de Forest
Curb Brokers Plan Badge System to Ease Street Crowd
The curb brokers committee will meet with Police Commissioner McAdoo to discuss reducing Broad Street crowds. Members E S Mendels G Schroeder R H Sadlier and Louis Elder propose badges to identify regular messengers and limit hangers on causing congestion.
MENTIONED IN THIS ARTICLE
Mmcadoo
Broad Street
E. S. Mendels
G. Schroeder
R. H. Sadlier
Louis Elder
Market quotes in Taendon and New York lead rough trading
Bar silver is listed at 97 1 2 for ounce in Taendon and at AS% ye in New York. Mexican dollars quoted at Hitec. Consolidated Exchange shows 500 Creede and Ripple Creek traded, with Goldfield B and B at OSTA, Granby at 6 74, Tonopah at 031s, Jim Butler at TH .76, Mexican at LIAG120, Original Bull Frog at 4, Pharma vist at 5, and other stocks including Work at .09.
MENTIONED IN THIS ARTICLE
Taendon
New York
Hitec
Consolidated Exchange
Creede
Ripple Creek
Mexican Central Capital Increased to 100 Million
The Mexican Central Railroad Company, a Massachusetts corporation, filed today with the Secretary of State a certificate showing capital increased from 48,870,000 to 100,000,000 dollars. Of the new capital 44,125,009 will be used to acquire property, 5,000,000 to purchase the Mexican Pacific Railroad, and 25,008,000 to liquidate income bonds.
MENTIONED IN THIS ARTICLE
Mexican Central
Boston
Mexican Central Railroad Company
Massachusetts Corporation
Mexican Pacific Railroad
Dull Wall Street Day With Few Trades and Loose Listings
Stock trading closed with minimal activity as only about 130000 shares moved and fewer brokers crowded the floor. C B McDonald stood out by bidding across posts, mainly lifting Harri man railroad issues and Illinois Central which gained a point amid an otherwise quiet session. Several securities were removed from the exchange list including Detroit Southern Railway certificates and Japan bond notes with temporary JP EE designations noted.
MENTIONED IN THIS ARTICLE
Stock Exchange
Detroit Southern Railway Company
Pennsylvania Railroad
American Ice Securities Company
Imperial Japanese Government
Money market and exchange rates on the Stock Exchange
Money on call on the stock exchange lent at 24.8 percent, closed at 28 percent. Time money rates ranged 3 percent for sixty days to 4 percent for eight months. Mercantile paper noted at 3 1/4 to 4 1/2 percent for short terms and 4 1/4 to 4 1/2 percent for longer. Clearing House reported exchanges at 243,431,7733 with balances near 9,958,532. Sub-Treasury debit balance stood at 619,581. Foreign exchange steady with listed nominal and actual rates across sixty days demand and cables. Continental, francs, reichsmarks, guilders quoted. domestic centers show varied discounts and premiums in regional markets.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile
Clearing House
Frances
Reichsmarks
New York
Boston
Chicago
New Orleans
Savannah
Charleston
San Francisco
Tsec
Cincinnati
St. Louis
London Money Market Sees Demand Rise Amid Gold Hope
London reports increased demand on the stock market and firmer discounts due to Continental exchanges and Paris gold hopes. Bank of England maintains 2 percent discount rate as reserves shift, with bullion and public deposits showing notable changes.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris
Bank of England
Madrid
Lisbon
Bourse Prices Mixed in Berlin and Paris on June 15
Berlin trading showed slight declines with London exchange at 4742 and discount rates at 2 percent for short bills and three months. Paris opened heavy amid political jitters with French rentes under selling pressure and Russian imperial tours quoted at 80.00. Private discount rose to 18 percent, and Paris noted treasury and currency shifts including increases in notes and bills discounted and decreases in gold and silver holdings.
MENTIONED IN THIS ARTICLE
Berlin
Exchange
London
Paris
Bank of France
Treasury
London Closing Quotations In Brief
London closing quotations show the day’s prices for American stocks with comparisons to New York equivalents and the previous New York close.
MENTIONED IN THIS ARTICLE
London
New York
Trading notes from Philadelphia and Boston markets June
Philadelphia trading showed a dip in arbitrage lists with pressure on Philadelphia Rapid Transit as council plans trolleys repeal despite Kinsey ruling adverse to the company. Short interest rose. readings on Reading and United States Steel were quiet with little price movement. Boston market was featureless, with U S Mining down to 28 on some selling, others steady. local street railways remained in demand while bonds and London-listed American mining stocks circulated.
MENTIONED IN THIS ARTICLE
Shdbinl
New York Times
Philadelphi
Penn
Reading
United States Steel
Philadelphia Rapid Transit
Street Railway Committee
Kinsey
Outside Markets Lead as Greene Stocks Rally in Curb Trade
The curb market outpaced the Stock Exchange with 65,900 shares traded, led by Greene Gold and Greene Copper surge and renewed buy interest in mining shares. Greene Consolidated and Greene Copper rose, with Gold up a point on heavy borrowing and speculation of further buying under the rule. United States Leather controversy over preferred stock dividends tied to the impending Central Leather exchange remains unresolved as July 10 approaches. Seaboard first preferred advanced to 83 1 4, with old common and preferred at 19 1 2 and 38 3 4.
MENTIONED IN THIS ARTICLE
Algoma Cop. & Smett
American Ice Co
S& BS
Arizona Con
Minne
Bamberger-De Lamar
Bethlehem Steel
Borden's
Borden
British Colu Ks m. Copper
Irs
Wi Casein Co
T of America
Casein Co
Am. Iia
Rubber Tire
del. & Hudson
Denver Union Water
Denver Union Pf
Denver UN
Detroit & Mackinac Pf
Detroit
Dominion Securities
Douglas Copper
E. W. Bliss
Empire Steel
Gold Hill
Greene
Guggenheim
Guggen
Hackensack Meadows
Hackensack Water
Wavena
Tobacco
Atchison
Bos. & Worcester Pf
Oou
Boston
Bos
Massachusetts
Electre Pet
Org . Mass. Electric
Wylkes N. H
Pere Marquette
Peewee
Union Pacific
West End
Edison Electric
Gas Eeeeree
Mass
Ronse
Mergenthaler
United Fruit Cep
United Shoe Mach
Pave Bray
Arnold A
Bonanza
Calumet
Steele Senna
Daly-West
Dominion Iron & Steel
Franklin
Granby
Greene Con
Ganajuato Ween
Isle Royale My
Michigan
Osceola Dias
Santa
Trinity
Ut Ss. Coal & Con
United States
Wase Orl
United Copperate
Utah
Victoria
Wolverine
Stock Exchange
Exchange
Greene Gold
Greene Copper
Greene Consolidated Goup
Mitchell Mining
Algoma
Montreal
United States Leather
United States Leather Preferred
Central Leather Company
Northern Securities Company
Arizona
British Guiana
Chicago
Guanajuato
Iavana
Rap
Transit
Inter
Mer Marine
Feig
SOO
Lord &Taylor
Lord & Taylor Pf
Mackay Cos
Mackay
Mont
New
Rys
Royal
Seaboard
Seab
Air Jine
Leath
Standard Oil Sea
Union
Ab S. Leath
White Knob
Writ
Missouri Pac
L S. Leath
W.i Ou
Transactions in Bonds at I Chi Ly R 2 Clev June 15 1905
A dense bond ledger lists numerous securities with rates, denominations, and dealers. The record includes Sterling loans, railroad and city bonds, and various 4s and 5s with figures for prices, yields, and registrations. Total sales on June 15 1905 amount to 2 113 000, compared with 281 294 000 for the same date last year.
MENTIONED IN THIS ARTICLE
Ft S & M
Senate
Kan City
Gtd Kuhn
Loeb
Co Ctfs
Leh & W B
Louis & Nash Col
Bee
Ee Trust
Manhattan
Met St Ry
Ripon
Cen 2d Inc
Midland N J
Minn & St L
Ma & T
Neo Tee Rae Ono
Pac Trust
Ann Arbor
Tow & S Fnly Dock Co
Tow & S Fnly Dock Co 4S Gen 4S - Dmn, Wee Ee Sehmemrs
Axsleie
Nor & W
Oregon
Sigta
P-L
Ee Ae
Bklyn Ferry
St L
Iron Mt & Brr
Rose N. Gree
Rabrouls Salas
Ohio
Tenn Coal T & R. Chi Wl
Quin- Tenn
Hmac Ieee Tates
oie + AG
Nowe St PR
Cc & P
Isi
SaRene & Ros Ge
Cc & St. F
Steii Corsky D.qod
Fa Fi
Erie
Rene Ye
Wal-pitts- Ter
Cere- PE
Flint & Pere M. Wal - -Pitts
DC Wheel & Y
Green Bay & Wn
VISIO
Togo
Brooklyn
Ferry
Pitts Pdea
COE
New York Stock Exchange Trading Figures Collate
A fragmented financial listing from the New York Stock Exchange shows mixed figures with percentages around 4 20 and 34 over 100 share lots. The record cites totals of 126 691 for June and 48 709 646 for the corresponding prior date, with unlisted and other tangential data intermingled.
MENTIONED IN THIS ARTICLE
Seacest Sails
Imesh
New York Incorporations List Adds Many Local Firms
Special to The New York Times Albany June 15 firms incorporated include Asbestolith Manufacturing Company New York capital 100000 Kaaterskill Paving Brick Company Cat skill capital 500000 The Complete Novelty Company New York capital 1000 and many others across New York including Niagara Falls Buffalo Brooklyn and Queens Directors named for each new entity Iv.
MENTIONED IN THIS ARTICLE
New York Times
Albany
Asbestolith Manufacturing Company
New York
Capital
Isaac Grossman
William Stroh
Samuel Rosenbloom
Brooklyn
Salesmens’ Realty Association
J. H. Page
Frank Weyman
Helen
Meyers Contracting Company
J. M. Adams
Jacob Meyer
J. C. Weschler
Rivington Realty Company
Isaac Schwartz
Benjamin Schwartz
Numan Schwartz
Merrill Realty and Construction Company
W. ©. Soloman
I. A. Lewis
Ernest Kluckman
J. ©. Cory
Joseph Levy
William Hawkin
Charles A. Thompson
Electric
C. A. Thompson
James Shaw
Rudolph Miehling
John Dreher
Howard Carroll
Life Saving Gas Burner Company
Isaac Storch
A. H. Bhren
Leon Dashew
George Cheris Realty Company
New Yor
C.G. Euler
W Leonard
W. B. Wilson
Jenkins and Company
Half Moon
Chicago Quotations and Market Movements
New York Exchange at par on June 15. Liquidation of fifty North Chicago Street Railway shares lowered the price by five points to a historic low of 62. March price 99 appeared in earlier reports. The stock’s outstanding value and market shrinkage are noted with figures. Trading in Chicago Subway and Tool stock was light with minor selling.
MENTIONED IN THIS ARTICLE
Chicago
New
Chicago Subway
Mackay Agreement Revised by Shareholders Meeting
Shareholders of the Mackay companies met and modified the corporation's agreement and deed of trust to create a more flexible structure. Changes include a minimum of five trustees, no use of earnings to buy shares, majority quorum rules, and quarterly dividends January April July and October with a semiannual 1 percent dividend payable July 1 to holders of record June 24.
MENTIONED IN THIS ARTICLE
Mackay Companies
William W. Cook
Bost
Taft Responds To Moody On Panama Canal Eight-Hour Law
Secretary Taft challenges Attorney General Moody's ruling extending the eight hour labor law to all workers on the Panama Canal. He argues canal zone jurisdiction differs from U S sovereign soil and that Congress has not ceded sovereignty, urging a reconsideration with his legal precedents.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Taft
Moody
Panama Canal
Canal Commission
Canal
United States
Congress
Canal Zone
Canal Strip
Panama rate question sparks political tension in Panama Canal case
A New Orleans correspondent to The Tradesman reports that New Orleans businessmen in political contact with the Roosevelt administration claim a bookkeeping device by Chairman Shonts keeps Panama Railroad rates high. They say charges for railroad steel rails and 1,400 steel cars used for canal work were billed to the railroad rather than canal construction, delaying expected rate reductions. The dispute centers on whether such outlays belong on canal construction or railroad costs.
MENTIONED IN THIS ARTICLE
New York Times
Chattanooga
the Tradesman
New Orleans
Washington
Shonts
Panama Canal Commission
Panama Railroad
Roosevelt
Taft
Panama
Belgium
Canal
Also Mentioned on This Page
the Financial Markets
Burlington
Bullion and Mining
Wall Street
Duslness
Money and Exchange
London Stock Market
Mt Paul
Ulinois Central
Touls
N.Y Central
Pennsylvania
Southern Pacific
Pacific
S. Steel
Philadelphia
IWS
Boston Stock Market
Esperanza
Dolores
Ambria Steel
Elec. Co
Hunt. & Broad Ae Pr
Ins. Co
Nnic
R. Isles Place Sr
Minehill
Phila. Traction Vee
Phila Co
Phila
United Cos
United Gas Imp
Jnion Traction
Staal
Ake
Outside Securities
The
Greene Stocks
ADS
Havana Tobacco
Diavana Tobacco
R. Claflin & Co
H. B. Claflin
Houston Oil
Houston
Rapid Peanett
Mer. Marine
Inter. Mer. Marine
Internat
Lackawanna Steel Ace En
Vv. Te
la France Copper
Lord & Taylor
Mackay Companies Pf
Madison Square Garden
M. Nat. C
Mine Securities Paeseee Montreal & Boston
Nat. Bank of Cuba
National Sugar
N. Y. Transportat
N.Y. & Q. BE. Lion
N. Y & Q. Iities
North
Otis Elevator
Otis Elevator P
Penn RR
S.f.p
Va ‘Oria
Dec. & Evans
Phoenix Mining
Sea Ay
Pope Manufacturing
Pope Manufact
Sone
Seaboard A. I
Sea. A
Seaboard Air Line
L. New. W
Air Line
Pereee
Tennessee
Tintic Mining Caper
Tonopah Min
Nev
Trenton Potteries
Union Copper
Typewriter Poaaies
Seary
United Copper Gs Ty
United Copper P
United Lead
Ds. Oy
New Ds
W. i
L. Pf
K. C
Broadway
7Th
Brooklyn City R. R
Ent. Park, N. & E. R
N. J
Trac
St.,m.&st.n
M.&st.n
Grand Rapids St. Ry
Trac. of
Buff
City
Nw. O, Ry
W.i. Doy4 Vib. Wits Obs New Orleans New. W 1 BT. OR Tt 2 381 4 New Orl. Pf
New, W
Ninth Avenue R. R
Hud. Co. R. Ext
Jersey St. Ry
Pub. S. Corp
Public Service Corp
Public Serv. Corp
R. R. Com
Tso
Sixth Avenue R. R
Steinway R.r.co
Syracuse
Seth & 20Th St
Wash
Ry. & Electric
Elec
Am. Light& ‘Traction
Am. Light & Trac
Essex & Hudson Gas
Hudson County Gas
Amsterdam G
NLY
E.r.g.co
N.Y.& E.r.g.co.com
Union Gas, Ss
Paterson & Passaic Gas
Paterson & Pas. G
St. Paul
Syracuse Lighting Ss
Syracuse Gas Ist
Brooklyn Ferry
Brooklyn Erry Hs
East River Ferry
Woboken Ferry
Toth
Aly
Coe St
NEW York Stock Exchange
Art
lis-Chalmers Co
Am. S
He Pf
Eeereee
Steel Foundries
Steel Founds. Pf
Tob. Co
Woolen Co
Anacon
Cop. M. Ce
Chesapeake & Ohio
Isly
Chicago & Alton Pl
Chicago Great West
Chi., Mil
Great Northern
Havana
Hocking
Valley
Illinois Central Cerenare
International Paper
City South
Knick
Lake Erie & Western
Lake Erie & West
Louisville & Nasheeeete
Securities Ls
Kan
Texas
Tex
Missouri Pacific
Nat. Enam. & Stamp
National Lead Co
Nat. R. R. of
M. Pa
Esere
N. Y
Ont
Ron & Steel
Rock Island Co
Mfg. Co
Mfg.Co
St. Louis Southw
Kieavene
Southern Ry
Southern Ry. P
St. L. Ae
Union B. & P. Co
Union Pacific Pf
United Rys. Invest
United Rys
U. S
S. Leather
T. R
U. S. Lea. Pf
U.S. Steel
Va.-Caro. Chemical
Va.-Caro. Chem. Pf
Western Union Apc
Wisconsin Central
Wisconsin Central Pf
the Consolidated Exchange
S. F
Brooklyn R. T. Tak
HAR Pacific
Hes
West
Col. Fuel & I
Central
E GO
Louis. & Nash
Met. Securities
Southern Pac
Tenn. Coal
Union .Pacific
S. Leath.t.r
Chicago Pneu
Tis x Street
Swift & Co
United Box Board
Boar
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