Market Dullness Persisted Amid Rail Wage Uncertainty
The day saw broad declines as traders reduced railway shares on news of stalled wage talks between railroad managers and their employer. Despite expectations of arbitration, investors focused on near term risks and large railway earnings, while Anglo French bond activity reflected anticipated foreign borrowing terms and a shift toward internationalized investment.
MENTIONED IN THIS ARTICLE
Louisville & Nashville
St. Louis
Stock Exchange
United States
Money in Good Demand No Features in American Section
London reports money in better demand with discount rates quiet and stock exchange conditions softer in morning trading. Gilt edged issues sagged on realizations but recovered after re purchases. Russian and Chinese bonds were strong as industrials and eager shares showed activity. Rubber issues weakened. American department had no special features. Securities flowed to the Government steadily while smaller amounts were readily absorbed.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Trading Quiet on Paris Bourse
Paris markets were quiet today on the Bourse with three per cent rentes at 62 francs cash and exchange to London at 25 francs 18 centimes. The brief session offered little movement as traders watched rates and debt notes.
MENTIONED IN THIS ARTICLE
Paris
London
Bank of France Weekly Statement Overview
The Paris Bank of France report for the week shows gold on hand up by 204 francs, silver holdings down by 3,250 francs, notes in circulation up by 1,445 francs, treasury deposits up 11,348 francs, and general deposits down 48,112 francs. Discounts decreased by 8,882 francs.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Treasury
Imperial Bank of Germany weekly statement overview
Berlin report from June 15 via Sayville records shifts in the Imperial Bank of Germany assets. GS reserve rises to 2.49 billion marks, commercial paper and treasury bonds increase to 5.487 billion, circulation and banking notes fall to 6.697 billion, deposits climb to 1.15 trillion marks, and 107 million marks were paid in on instalments during the week.
MENTIONED IN THIS ARTICLE
PRS &S
IVER
Ccescres
Oe Ganna
Treasury Statement
New York Times
Washington
London
Bank of England
Berlin
Sayville
Imperial Bank of Germany
Treasury
War Loan Subscriptions Reach 9.525 Billion Marks
The fourth war loan brings total subscriptions to 9.525 billion marks, about 884 percent of all subscriptions. Loans for war loan advances declined by 80 million marks to 405 million marks, composing just over 4 percent of total payments.
Annalist ad promotes weekly market of unfisted bonds
An advertisement from the Times Square area in New York urges readers to visit the Open Security Market every Monday. The notice promotes unfisted bonds and stocks and lists a price of 10 cents per issue or 4 dollars per year.
MENTIONED IN THIS ARTICLE
Annalist
Times Square
New York
Louisville & Nashville dividend restored to prewar rate
Wall Street reports show Louisville & Nashville reinstated its prewar 7 percent dividend via a semi annual 8 percent payout and a March to April stock advance. Ten months earnings to April totalled 15.019 million versus 5.358 million prior year, boosting investor confidence despite mixed speculation.
MENTIONED IN THIS ARTICLE
Louisville & Nashville
Bonds On Stock Exchange Readings Drift Through Year End
A crowded trading session shows various bond issues across tiers with mixed gains and losses. Notable activity includes Pacific Gas and Electric, Southern Railway, and Inland Electric bonds trading near or above par as investors weigh long term yields and market shifts.
Defeated Willys Heads Home After American Motors Collapse
John N. Willys, 42, left for Toledo after the collapse of American Motors in which his three companies were to play a major role. He has amassed an immense fortune and plans to bolster his hold on second place in the auto industry, with only Ford selling more cars.
MENTIONED IN THIS ARTICLE
John N. Willys
Toledo
American Motors
Mr. Willys
New York
Ford Company
Willys-Overland
Closing quotations and bid list for US government bonds
Financial page lists bid and asked quotations for government bonds and a wide array of equities and preferred stock. Several issues show no transactions, with scattered price levels across Treasuries, corporate debts, and utility shares.
MENTIONED IN THIS ARTICLE
United States
Adams
Alaska J
Rumely
Allie- M Pf
Jiic- Si ‘Sbi Am Ag C
H&s
Booth Fish Tgp Pt
Beth Steel
Aiv
Own &Sh
3Runs
R&p
Bush
Burns
M & Om
Otis G
Financial notes list bank appointments and oil investments
The Irving National Bank reported Logan C Murray, chairman of the American Southern National Bank of Touseville, Ky., as Southern adviser with headquarters in the Woolworth Building. Banks sold Great Atlantic and Pacific Tea Company gold notes totaling 3.9 million dollars, with subscriptions exceeding offerings. Sapulpa Refining Co directors approve capacity rise from 4000 to 7000 barrels daily. J P Morgan & Co deposited 2.25 million in gold at the Area Office, bringing total purchases from Ottawa since May 1 to 55.925 million. Midwest Oil Company declares a 2 percent preferred stock dividend payable July 20 to holders of record July.
MENTIONED IN THIS ARTICLE
Irving National Bank
Logan C Murray
American Southern National Bank
Touseville
Southern
Arvne
Woolworth
Ustable Trust Company
Ex- Mund Ymout. Company
Great Atlantic and Pacific Tea Company
Leonard Snider & Co
National Surety Company
Sapulpa Refining Company
J. P. Morgan & Co
Ottawa
Midwest Oil Company
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N.w.halsey&co
Wall Street, New York
Philadelphia
Chicago
San Francisco
Boston
Baltimore
Cleveland
Middle West Utilities CO
Bickmore
Broadway
N.Y
William P. Bonbright & C. Incorporat
Wall Street
Bosto
We. P. Bonbry
Gov’t
Spencer Trask & Co. Investment Securities
Broad Street, New York
Albany
Lea
New York State
Remick,Hodges&Co
New York Stock Exchange
R. L. Day & Co
Chevrolet
United Motors
Markoe, Morgan & Co
Rector
Ris
Peter Giles
Godiscacce
Uy Ieee
Ko Dias
Poe
Waieas
Ask
Firet
Hugh
Alaska
Allis-Chalmers
Guay
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Union Pacific Pf
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Inspiration Copper
Jewel Tea
Kaveer (J
Kings Co. Ell.& P
Lackawanna Steel
Lake Erie & W. Pf
Liggett & M. Pf
Lou - Nash
Max. Motors
Pf M.st.p
S.S
Missouri Pacific
Northern Pacific
Penn. R. R
Peoria & Eastern
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Pressed Steel C
Quicksilver
Reading
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Chi. Gt
Western Pf
Chi
Northwest
Cinect
Peabody
Col. & Southern
Col
South
Ist
Continental Can
Crucible Steel Pf
Way den
Rio Ande
Laclede Gas
Lee Rubber & Tire
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Ieen Cos
May
Ae Do
Oda
Kan
Texas
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Montana Power
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Lead Phei Reseme Cork
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Pullman Co
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Southern Railway
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If. W
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den. & Rio Gr
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Seegeeeereence
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Stp & Kan
Louis & N Unif
Leeeeeses
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H&e
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Mid State
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Ory
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Abe
Prior Lie
Waer
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Adi
Jona
Erie
Rus
Eer
Wee Eee
Honeony
B.owsdit
Foy
S &m
F&m Nates
Ria
Steel Corp
Utah Po Pow & L
Bere
Orn & Con
A. [Wah
Ana
Ae . An
Enn
West Shore Ts
Westingh E & M
West UN ‘Fund
Hesieas
Fenn
Atd Gold
Eoria & EB Inc
Swewe
Sane
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Jettu ‘Ry
Ss & Cleo B
Crie P
Crie
Wy Co
Flack Wat
Ais, Linn J
Iowa
Lorill
Kay
P & SS
Pala
West
Financial Notes
A. B. Leach & Co. Investment Securities
Cedar St
Tonnee
Hemphill
White
Chamberlain
W. C. Langley & Co. Investments
New York City
Redmondada
Pine St
Massachusetts
Connecticut
City of
Montreal
R. M. Grant & CO
Nassau
Coggeshall & Hicks Investment Bankers
Broadway, New York
The
Bryan