Market declines signal overdue reaction on Wall Street
Stocks open under pressure and fall to close with losses of 1 to 2 points on active issues. Wheat prices slide as harvest expectations grow, while May foreign trade shows record imports and rising exports signaling economic improvement once tariff issues clear.
MENTIONED IN THIS ARTICLE
Stock Exchange
Wall Street
United States Steel
Ing Company
Paris
Vurs
Mir Hatine
Coulisse
I. Cal
Compa
London
Bank of England
Market Slip Hits New York Stock Exchange Trading
Trading on Tuesday showed wide swings with many listings in the New York Stock Exchange quoted near year-ago levels. The daily activity covered numerous issues from Amalgamated Copper to U S Steel with mixed gains and losses and notable moves in the railroad and mining sectors.
Consolidated Exchange Sees Wide Stock and Bond Listings
The Tuesday session shows varied activity with many equities and bonds quoted. Notable items include Am. Sugar, U.S. Steel, Reading, Pennsylvania, Inter-Met, Pacific Mail, and Westinghouse among others, with extensive price ranges and sizable volumes across stocks and bonds.
Money and Exchange Rates Report Domestic and Foreign Markets
Money on call on stock exchange 134 2 per cent last loan 1 per cent. Time money 21 2 per cent sixty days 244 2 per cent ninety days 3 3 per cent four months 84 3 per cent five months 34% 3% six months. Mercantile paper 844 4 per cent sixty to ninety days indorsed bills receivable 3144 4 per cent four to six months single names 4144 5 per cent others. Foreign private discount London 1% unchanged Paris 1% Berlin 3% unchanged. New York Clearing House exchanges 439 104 115 balances 13 670 081 Sub Treasury debit 1 429 907. Sterling steady 4.8770–4.8775, sixty days 4.8575–4.8580, cables 4.8790. Francs 5.16% less 3-64 5.16% cables 5.16% less 5-64 5.16% sight 6.18% less 1-32 sixty days. Reichsmarks 95% less 1-64 cables plus 1-82 sight 95 7-16 less 1-3 sight 95 7-16 plus 1-64 sixty days. Exchange New York par Boston Chicago 35c premium St Louis 50c premium New Orleans 20c discount bank $1 premium San Francisco 10c premium St Paul 5c premium
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile
London
Paris
Berlin
New York Clearing House
Sub
Treasury
Sterling Exchange
Reichsmarks
New York
Boston
Chicago
St. Louis
New Orleans
Bank
San
Silver Quotations Fall in London and New York
Bar silver traded in London at 24d per ounce a drop of 1 16d and in New York at 52 3 4c per ounce down by 1 8d Mexican dollars quoted at 44 30c per ounce reflecting market declines.
MENTIONED IN THIS ARTICLE
London
New York
Seaboard shares lead market rise on June trading
The Seaboard 4s gained over 1 point to 87% with strength noted in the trading. Seaboard first preferred rose 14 to 72% while bonds and other issues show varied moves and totals including 635 shares and $163,000 in bonds.
MENTIONED IN THIS ARTICLE
Bae Ee Wabash
Pitts Ter
Trust Co
Aee
West Md
West Shore
Ater
Ee Assent Ae
Westinghouse el & Weg
Eos
Wabash
Pitts Ter Hae
Tr Cocus
Comstock
New York Times
Baltimore
Seaboard 4S
Seaboard Company
A. C. Con
City
Charl. & W. Caro
City & Suburban
Ga. & Ala
Seaboard
Toledo Trac
United Rys
United Rys. Inc
Ala
Coal & Iron Pf
Consolidation Coal
Finelley & Deposit
Cotton Market Ends Firm After Irregular Trade
Cotton opened steady then weakened before closing with a 1 14 point gain. Old crop months rose 8 14 points while new crop gained 1 9 points. Spot cotton unchanged at 11.400 middling upland and 11.65c middling Gulf with 100 bales sold. Regional markets showed varied steady to firm tones across Galveston Mobile Savannah Norfolk Augusta St Louis Houston New Orleans Memphis.
MENTIONED IN THIS ARTICLE
Liverpool
Manchester
Gulf
Galveston
Vannah
Philadelphia Prices Hold After Court Action On Ticket Strip
Stocks showed sturdy support amid a Supreme Court case seeking restoration of strip tickets. Reading rose strongly while United States Steel faced intermittent pressure. overall market closed steady with notable figures including U S Steel around 71 percent and Reading at 91.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Supreme Court
Philadelphia Rapid Transit Company
Reading
United States Steel
Bell Telephone
Cambria Iron
Cambria Steel
Catawissa Ist
Ches. & Ohio
Con. Trac. N. J
Elec
Sto Whewnens Oe
Inter
Inter.-Met
Keystone Tel
Lake Sup. Corp
Lehigh Nav
Lehigh Valley
N. Y
Penn, R. R
United Gas Imp
United Gas War
U. S. Steel
Wabas
Treasury Treasury funds and reserves update
The daily Treasury report shows gold coin and bullion at 150 million dollars in reserve, certificates outstanding redeemable against gold coin, silver dollars totaling about 480.2 million, and various national and Philippine treasury figures. A reimbursement amount of 111.7 million is also listed.
MENTIONED IN THIS ARTICLE
Philippine
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Sted
New York Stock Exchange
Spencer Trask & Co
William & Pine Streets
Knauth
Nachod
William
Yor
Ria
Letters of
Amer. District Tel
N. J
Amer. Gas & Elec
Cincinnati Northern R. R
Inter-Continental Rubber
Lackawanna Iron & Steel
Pere Marquette R. R
Tri-City Ry. & Light
Western Pacific
J.K. Rice, Jr.&Co
Wall ST
Hanover
Cripple Creek Cent
Pittsburgh Lamp
Brass & Glass
American Brass Hall
Signal
Procter & Gamble Common Union Mtg. & Sec. Co
Pittsburg
Pere Marquette 1St
Hartford Carpet
Guanajuato
Brown, Williams & Burbank
Investment Securities Department
Augustus Willard
Mgr
Gas
Rector
Broadway
Beech Creek Coal & Coke
Continental Goal
Long Island
Mason City & Fort Dodge
Sunday Creek
Wheeling & L. E. Wheelng
F. J. Lisman & Co
Broad ST
Hartford
New York City
Farson, Son & CO
Louisville
Henderson & St. Louis
Maxwell-Briscoe
Pere Marquette
Rederic H. Hatch & Co
Lroads
United Tes
Broad,lusive
Electric Properties Co
R. F. Westerfield
John
Heehison
Topeka & Santa Fe
Coggeshall & Hicks
Cortlandt
Ernat. Nickel CO
SECURITIES _ PONT POWDER CO
Fields OF Mexico CO
H. P. Pell & CO
May
American Can Co
American Surety Co
Sea Topeka & Santa Fe Railway
Chicago & Eastern Illinois Railway
Lawyers’ Title Insurance and Trust Co
St .Louis & San Francisco Railroad
Chicago & Eastern Illinois Aon
Kansas City
Fort Scott & Memphis
United Bank Note Corporation
Quicksilver Mining Co
Mads
Seare
S. Interets
Ghica Jume
Seeessercreevs
Eesserseees
Allis-Chalmers
Allis-Chalmers Pf
Amalgamated
Agricul. Chem
Ccse
Am. Gan Pf
Sig
Car & Foundry
Mat
Cotton Oil
Ice Securities
Locomotive
Am. Smelt. Sec
S. F
S. F.pf
Baltimore & Ohio
Baltimore & Ohio Pf
Bethlehem Steel
Brook, Rapid Transit
Brunswick City
Butterick Co
Eserieg
Canadian Pacific
Central Leather Co
Cent. Leather Co. Pf
Central R. A. of
Chi
Mil
St. P
Chi. & Northwestern
C. C
St. L. Pf
Colorado ‘Fuel & Iron
Colorado & Southern
Col. & South
Col. & Hock C. & I
Consolidated Gas
Delaware & Hudson
Denver & Rio Grande
den, & Rio Grande Pf
Duluth
S. S
Erie
Cscscecoeess
General
Great
Northern Pf
G. N. Certs
Havana Electric
Hocking Valley T. R
Illinois Central
Interborough-Met
L Harvester
Harvester
Iowa Central
Kansas City South
Kan
City South
Mackay Cos
Sweet
Mercantile Marine
Met. Street Railway
Kansas & Texas
Missouri Pacific
Rep
Iron & Steel
Rock Island Co
St. L
SS. F. 2d
St. L. Southwest
Southern Pacific
Southern R’way
South. R’way
Tennessee Copper
Texas & Pacific
Third Avenue
Nat. Lead Co
Newhouse M
Chi. & St. L
Ont. & West
Norfolk & Western
North Amer
Northern Pacific
Pacific Mail
Pennsylvania
Pullman Company
Rep. Iron & Steel
United Dry Goods
United A’ways
U. S
U. S. Rubber
U. & Steel
S. Steel
Utah Copper
Caro. Chemical
Esceess
Wabash Fincass Ecevese
Western Maryland
Western Union Tel
Westinghouse E. & M
Ae & Reay Pf
Central
Wis
Central Pf
T F
Consolidated Exchange
Al-Chaim
Amal Copper
Car & Fy
Lin. Pf
sBalt
Ohio
Brook
Boicosnee
Wit Gt. West
Gol. Fuel & I
Con. Gas
den. & Ae G
Dist Secur
Eria
Cecoe
Gt. North
N. Orectis
Ill
Mo.Pacific
Nat. Lead
Soi
N. Y. Ae
Norf. & Wae
North. Pac
People’s Gas
Pr. Steel Car
Rep. Steel
Rep. Steel Pf
Rock Island
Rock Isl. Yee
St. L. S
Southern Pac
Southern. Ry
South
Ry. Pf
Tenn. Copper
Texas Pacific
Third Av
Union Pacific
Va.-Car.Chem
Atlanta
Belcher
Comb. Frac
Con. Cal. & V
Jim Butler
Ophir
Portland
Quicksilver
Sierra Ca
Tonopah
Yellow Jacket
Winnipeg
Indiana
Eet
Fo Pac Trust
Fo Pacific
Inter-Met
S & Co
San Paulo
Geres
Interborough R-T
NY City
C&orea Diviston
Ag C
Ings Co
Tel & T
Beth Steel
Bklyn
Gary Ist Inc
Backaee
Chi & A
AT & P Ry
Chi, R ’ & Prr
Cole Fei
C, c
Cc & St. L. Stante
Col & So
del & H
den & R G
Edison Elec Til of
Dndamecen
Ieee
Eee
Orf & M. Pocah
I &S
AL RY Gold
Pac
X & Pac
Pacist
Savane
Bear 1St & Ref
P. Morgan
S Steel
Corp Skg
Aess
the Island
Bs. c
Lons. & N
Mah. C. R
Man. Beach
Man
MD. C. Pf
D. C
St. L. Philip
St. P. & Adams Exp
Alb. & Sus
Ira Roe Ee Ae & T
M. Ag
Wile Ceclalne Okey
Ce Ee
Mor
St. A. C
F. Ateltiataled
Vanes
Nat. Sila
A. Loc
St. Ist Am
Snuff
N.Y. D. Co
Ann Arbor
Ann A
N. L
Aes
N. H. Batopilas
Beth. S
B. An. G
N. B
P. C
Peo. & E
Cc. & BE
Phelps-D’ Ge
Pth .c
PG. C& Chi
Gt. W. St. L
Pitts
M. Om. Cris Das
RLS. S
Chi. T. T
T. T
Rens. & S
UN. T
OR. W
T.R. G
Cleve. & P
Rutland
Crex
Ist. L
U.S.S
U. S. Leath
Wh. Occas
Det. U. Ry
Erle 2d Pf
T. H
T. H. Haecewoesee
A. M
Fed. S. Pf
Gen. C. Co
Gen. Ch. Coets
Granby Con
E. R. Wtaeske
Hock. V. Pf
Homestake
N. C
Inger.-Rand
We Ing.-R. Pf
Int. Power
Jol. & Chi
Kan, C
Ft. A & Mem
IM Tox
IM Tox Re A K. &D. M
Ae St
Lake Shore
Money and Exchange
Eecertees Rsa
the Treasury Balances
Washington
Reserve Fund
Kountze Brothers
Cedar ST
John ‘Munroe & Co
Pine St
Post Office Sq
Foreign Exchange
Munroe & CO
Rue S i
Sharon Railway CO
ASM Inl
W. N. Coler & CO
O'Connor & Kabler
Chiccon & Erie
Chisholm & Chapman
Nork
Yore
L. B. Wilson
D. M. Ferguson
L. B. Wilson & CO
Consolidated Stock Exchange of
Atlantic & Birmingham
Borden’s
Burroughs
Central Railway Syndicate
Union Steel
WM. M. Clarke
Tel
N. W. Halsey & Co
Bankers
Wall Street, N. Y
San Francis
F. P. Freeman & CO
Broad Street
Knickerbocker Trust Company
B. Swartwout & Appenzellar
Pine Street
Nassau
NEW York & Stamford Railway CO
New York, New Haven & Hartford R. R
White & CO
Rune St
Warren Gnowski