Bull market falters as stocks dip amid scarce buying power
The market shows a broad decline after a week of selling pressure. Reading stock leads losses with Amalgamated Copper, Union Pacific, and United States Steel sinking while pools and bears clash, signaling reduced public interest and lingering speculative risk.
MENTIONED IN THIS ARTICLE
Bull Party
Amalgamated Copper
Union Pacific
Brooklyn Rapid Transit
United States Steel Common
Transactions in Bonds on the New York Stock Exchange
The June 16 1906 bond and stock screen lists bonds and issues with bids and asks from major issuers including Japanese government loans Kuhn Loeb Co and various railroads and utilities. Net changes show overall declines and no advances with totals of sales around 857 500 dollars for the day and a 378 075 800 corresponding total for year to date figures.
MENTIONED IN THIS ARTICLE
St Luthwest
Banking figures show New York National and State banks totals
Weekly report lists totals for capital, profits, deposits and loans across New York banks as of June 16 1906. Banks include Bank of New York Merchants National Mechanics National City National and many others with combined national and state totals reaching 149 236 400 in state and national banks and 17 southern adjusted figures.
Status of New York City Non Member Banks
Specially compiled by the New York Times the weekly statement covers non member banks in Manhattan that clear through Clearing House members. Figures show totals for the week ended June 16 and include large balances across multiple banks with the sum of 3 427 765 00.
MENTIONED IN THIS ARTICLE
New York Clearing House
New York City
New York Times
Clearing House Association
Borough of
Manhattan
Market shifts threaten Wall Street bond market
The text notes Wall Street would lose its last major bond market and that Russian securities are selling on better terms than American bonds to foreign buyers, signaling a collapse in foreign demand for U S securities.
MENTIONED IN THIS ARTICLE
Wall Street
Russia
Stock Exchange Seat Sold On NYSE Transfer
The New York Stock Exchange transferred one membership yesterday that belonged to Charles W. Snaacke whose liabilities were noted earlier. Alfred Willstatter purchased the seat.
Treasury balances and receipts report totals
Washington June 16 Today's general fund statement lists Treasury balances excluding the 150 million gold reserve with available cash 7 167 368 560 gold coin bullion 87 400 746 gold certificates 39 336 890 silver coin bullion 8 598 735 silver certificates 6 192 477 United States notes 10 901 963 Treasury notes of 1890 32 National banknotes 12 669 970 total receipts this month 27 422 886 total receipts this year fees 566 970 519 total expenditures this month 10 500 553 225 25 expenditures this year. Reserve Fund total expenses 150 000 000 gold coin bullion trust funds to redeem outstanding certificates gold coin 559 543 860 silver dollars 475 23 000 7 439 000 silver dollars of 1890 total of alge dige bidee 1 092 ORS ae 171 570 223 general fund deposits in national banks 4 awaiting reimbursements 42 663 current liabilities 104 255 527
MENTIONED IN THIS ARTICLE
Albany & Susq
Allegheny & Western
Ashland Coal & Iron
Atch
Top
S. Fé Pf
Atlantic Coast Line R. R. Com
Bald Eagle Valley
Balt
Annap
Beech Creek
Seaenee
Belt R. R
Cicago
Boston & Albany
Boston & Lowell
Boston & Maine
Boston
Revere Beach
Canada Southern
Boston & Providence
Chicago & Alton R. R. Cumul
Chicago & Alton
R. R Pf
Eastern Ill
Chicago
Great West
Louisville
Chicago, Indian
Chicago & Eastern Ill
Ctfs
Chic
Northwestern
Chi
Northwestern F
R. I. & Pacific Y
Western Indiana
St. L. Pf
Cripple Creek Central
Cripple Creek Central Pf
Cumberland Valley
Delaware River R. R
Uneuly
Denver & Rio G de Pf
Detroit & Mac. F
Uly
Manhattan Railway
Minn. & St. Louis Pf
Missouri Pacific
Morris & Essex
New York & Harlem
Uly N. Y., Lack. & Western
Une
Pitts
Ft. Wayne
T. Wayne & Chi
Ofs
R. R. Securities
Ill. C
Rensselaer & Saratoga
St. L. & San Franist
K. C
Ft. Scott & M. E
Southern Pacific Pl
Uly Southwestern
Georgia
Valley R. R
STRIT
Pangor
Elec
Boston Suburban Electric
É O.s Pf
Chicago City Railway
Cincinnati Street Ry
Eeneeve Eee
Ene Cin
L'bur & Aurora Pf
Ener
Cleveland Electric Railway
Consol. Traction of N. As Eee
Continental Pas. Ry
Phila
el Paso Electric Pf
Halifax Railway
Havana Electric Ry. Pf
Indianapolis Street Railway
Interborough Rapid Transit
Interborough
South Side Elevated
Twin City Rap
Transit
Union Passenger
Union Trac. Co
Neee Legals
Trust Cos
West Phila
Eanes Ry
Necoce
Fifth Avenue
First National
Chelsea Exch
Columbia
Jefferson
Fidelity
Mechanics’ National
14Th Street
Mercantile National
Hamilton
Mutual
Jefferson Cove
National of Cuba
Mt. Morris Ears
Nat. Butchers & Drovers
Mutual Asecee
Cerns Ee Secee Ey
N. Y
St. At
See
Equitable
Union Exch
Ween
Franklin
Brooklyn
Ngee
Ees United Nat
Wash
Heights
Yorkville
Manhattan
Seseee
van Norden Trust
Boroug Aeeeee
Williamsburg
Broadway Eee
Mfrs. Nat
Aeolian Weber Piano & Pianolapf
Mechanics
North Side National City
Union
Ene
Amer, Brake Shoe & Foundry Om
Amer
Brake Shoe & Found
Seteeees Dry Pf
Jersey City
Hudson Ees
Car & Foundry Pi
Eee
Hoboken
American Chicle Com
American Express
Ayer
Iron & Steel Mfg
Nat
Ee Bayonne
Amar
Nut & Bolt
Quar
Type Founders’ Com
Type Founders’ Pf
E. Eee
Sugar Refining
Aim
Qquar
American Tobacco Pt
Bates Manufacturing
Boston Belting
Boston & Phil. Steamship
Calumet & Hecla
Canadian Westinghouse
Central Coal & Coke
Central Coal & Coke Pf
Central Leather Pf
Aes
Junction Bus & Union Stock
Eee Oe Yards Pf
Cincinnati Gas & Ble
Crucible Steel Petric
Columbus Gas & Fuel Pf. G
Cumberland Telep
Copper Range, Powder Co. Pf
du Pont Inter
Eastman Kodak Com
Eastman Koda
Electric Boat Pf
Empire Steel & Iron
Finance Co. F
Fleischmann Co. O
Gervin Machine Ter
General Chemical Pf
General Electric
Greene Conso
Globe- Wernicke Co. Com
Guegenheim_ixploration
Sereseat Bocenvessee
Sear Eee Homestake
Horn Silver Mining
Sseeee Merchants’ Coal Co
W. Ja
Mergenthaler Linotype
Tee Cens Metropolitan Surety Co
Mexico
Con. Mining & Smelting
Mohawk Mining
National Biscuit Com
National Enameling & Stamp
A1 Pf
Ease Eee
National Lead Com
National Licorice Pf
National Sugar Pf
Nebraska Telephone
Honduras
Rosario
Niles
North Butte Mining
Old Colony
Otis Elevator
Providence Telephone
Railway Steel Spring
Steel Pf
Republic Iron & Eeeeee
Republic Iron & Steel Os Royal Baking Powder
Swift & Co
Washington
General Fund
Treasury
United States
Sesseererrsrt Peres
Eet
Pst Jn
Philippine Treasury
Seers
New York Incorporations List Highlights Major Additions
Albany June 16 special to The New York Times. Numerous New York ventures announce new incorporations including Sears Rodbuck & Co with 40 million capital, Winyah Park Realty of Pelham at 300 thousand, and Waldorf Steam Laundry with 12 thousand. Directors from New York, Brooklyn, and Queens named for each venture.
MENTIONED IN THIS ARTICLE
Albany
Sears, Rodbuck & Co
New York
Mall Order House
Capital
R. W. Sears
Oak Park
Ill
Julius Rosenwald
A. H. Loeb
R. P Sniffen
Winyah Park
Gans
Steamship Line
Dirtors
J. H. Gans
Max Lehmitz
Herman Strogfeld
Halstead Land and Development Company
Matilda Francolini
Jacob Halstead
Mamaroneck
H. Halstead
New Rochelle
H. L. Feldman Realty Company
Brooklyn
Sentinel Realty and Construction Company
Seymour Mark
Martin Stelliner
J. I. Galtmann
Richmond
Stapleton
L. E. Connes
J. E Awards
E. A. Maher, Jr
Jamaica Fulton Realty Company
Port Ewan
Holden
Syracuse
Buena Vista Improvement Company
New Yok
Matilda H. Deckler
Solomon Pich
J. L. Vallelly
Esthetic Chemicals Company
New Y
Big Shoe Market in China Prompts U S Study
Washington reports samples of Chinese shoes loaned to U S manufacturers for study. Special Agent Burrill notes all Chinese shoes are handmade, no modern machinery used, and sees potential for American firms to supply durable, cheaper styles. Chinese army needs about 60 000 pairs, a contract not yet filled.
MENTIONED IN THIS ARTICLE
The
New York Times
Washington
Bureau of Manufactures
Harry R. Burrill
Department of Commerce and Labor
China
Burrill
Foreign trade gains 87 million this year at New York port
Preliminary estimates from the Custom House show New York's foreign commerce nearing 1.28 billion dollars for the year, up from 1.189 billion last year. Imports rose 31.6 percent and exports 50.2 percent in fifteen years, with automobile duties approaching one million.
MENTIONED IN THIS ARTICLE
Custom House
New York
Treasury Department
J. S Knapp
The
Bureau of Statistics of the
Europe
Boston
Philadelphia
Chicago
Mining Stocks Close Quoted in San Francisco Ledger
The official closing quotations for mining stocks are listed for Saturday and Friday in San Francisco. Odd entries show many copper and silver stocks with minor changes, including Belcher, Ophir, Ande s, Crown Point, and Morning Star style prices, along with notes on Mexican dollars and several district listings.
MENTIONED IN THIS ARTICLE
New York Times
San Francisco
Altar Ois
Mexicana
OS Andes
Belcher
Ophir
Best
Bel
Overman
Solcaledonia
Savage
Sierra Nev
Chollar
Union Con
Utah
Crown Point
Son & CL
Hale & Nor
Telegraph
Ean Julia
New Jersey Incorporations and Capital Seeds
The Ice Consumers and Supply Company of Newark lists capital of $100,600 with incorporators Robert J. Neil Thomas C. Hayes Benjamin H. Kelly John Weissmann and Patrick J. Brock. The Brohm and Buhl Lumber Company Newark capital $125,000 with Frank J. Brohm Frederick Buhl and Charles J. Gebauer as incorporators. The Ostler and Zanes Company Newark capital $100,000 to manufacture motor vehicles with incorporators Alexander Ostler Delaney Zanes and W Eugene Turton.
MENTIONED IN THIS ARTICLE
Ice ‘Consumers’ ‘and Supply Company
Newark
Capital
Robert J. Neil
Thomas C. Hayes
Benjamin H. Kelly
John Weissmann
Patrick J. Brock
Brohm and Buhl Lumber Company
Frank J. Brohm
Frederick Buhl
Charles J. Gebauer
Ostler & Zanes Company
Alexander Ostler
Delaney Zanes
W. Eugene Turton
Unusual Investment Opportuity From Sterling Debenture Corp
A new device is claimed to replace the phonograph and enhance telegraph and wireless, enabling telephony like writing. The firm offers treasury stock at 10 per share to fund plant expansion, promising patents secure a monopoly in a wide utility field. Write for particulars or visit to see demonstrations.
MENTIONED IN THIS ARTICLE
Treasury
Sterling Debenture Corporation
Wall Street
New York
Investment offer in THE NEW YORK METAL CEILING CO
Conservative investor can gain 8 percent yearly by buying shares of THE NEW YORK METAL CEILING CO. at par value. Company enlarged plant, occupies over 30 000 square feet, gross earnings over 300000. Details available by mail or visit room 102 587 West 24th Street daily 10 to 2.
MENTIONED IN THIS ARTICLE
NEW York Metal Ceiling CO
R. S. Kennedy
West 24Th St
Consolidated Exchange Houses Stocks and Bonds Note
Erie Second Preferred nets the above at 71 income value and record of active industrial corporation and railway stocks. Ennis & Stoppani Chicago Board of Trade establish members. Stock Exchange N Y Profence Exchange. Branch offices listed at 1218 Broad 57 East 125 182 Montague St New York.
MENTIONED IN THIS ARTICLE
Erie Second
Ennis & Stoppani
Chicago Board of Trade
Stembers
Stock Exchange
N. Y
Profence Exchange
Broad Street
New York
Stoppan & Hotghkin
Ieee Board of Trade
Also Mentioned on This Page
United States Steel
Steel Common
Interborough-Metropolitan
Prcker
NEW York Stock Exchange
Impri
Sterl
den & R
Ysig Interboro Metro
Eesterjoan
Imp Jap Gov
Kuhn
Loeb & Co
Loeb & Co Tempetis
Cceeeens
Osee
Nash
Bur & Quincy
Orb U Ceak
St L&Ép
Colorado” Industrial Dience Re
Ri& Pac Ry
Ri& Prr
Fis
Bodo
Pena
Enn Coal
Ir & R
Shar Ee
Vicina Ss
Steel _Corpor skg
Luna
Amioss
Seceevas
Ate Sen
D. C
Buth Co
Canada
L. Pf
R. R
S. A
Bo & QZ
G W. d
St. P
CG. L
W. A Asa. Ee
Am. Snuff
Am. Sn
Cleve
As & BP
A. T
G. A
D. & Meniae
South
U. K
Slee, BS
A. SS R
Sonsor
Claflin
E. R
H. E.R. Pf
Hock. V. Pf
Jj- P. Co
Owa C. Pf
Jol. & Coalt
M. Or
D. M
Gi E.& W
Westeaats
Gu Man. Beach
Man
MD. C. Pf
St. Ry
St. Ry. Etta. VE
St P. Ie S
Mfc
N. Cent
Fr. W
Pullman Co
Ry. St. Sp
RIT. Hanson
Rens. & S
R. Il
G. M. Co
Tn Ll. & F
Bt. As
Eivacse
Are & Fei, Este Ees
Giore Ee Sklks
So. Pac
Exas
St. El.w
U. S&s
L” S. Leath
Rt Ee
Westinghouse
Westinghouse Ai
L. E
L. E. Nat
Railroad Com
Tenn
Cenee
Coal, Iron & Railroad Pt
Eeeetenne
Quaer
Texas & Pacific Coal
Tezuithan Copper Mining & Smelt
Underwood
Union Bag & Paper Pf
Ferry
Tion
United Bank Note Corpora
United Fruit
Seesses Co
United Gas Impact. Com
United Shoe
United Shoe Mach. Pf
United States Glass Finishing
U. S
Une U. S. Smelt. & Ref. Co. P Ng
Statement OF Associated Banks OF
City OF New York
Specis Legals
Bank of N.Y.N.B. A
Bank of Man. Co
Nat.s
Mechanics’ Nat
Bank of America
Phenix Nat. Ceserss
Merch. Exch. Nat
Gallatin
Nat. Butch. & Drov
Mech. & Traders
Wen Ae
Greenwich
Am. Exch. Nat
Bank of Com
Mercantile
Pacific
Chatham
Bank of N. A
Hanover
East River
Nassau
Market & Ful. Nat
N. Y. Nat
Bowery
Seeeeee N. ¥. Co. Wat
Chase Nat
Lincoln
Garfield Nes
Bank of Metropolis
Seaboard
B'klyn
Astor
En Medh. Tr. Co
Treasury Balances
NEW York Incorporations
Belmont
Bullfrog Bist
Cashboy
Bullf
G. Anchor
Bullf. N. Bk
Jim Butler
MacNamara
Orig
Manhattan Dist
Goldfield Dist
M. Ee
Adams
Cowboy
Dixie
Dexter
Borat, Mining
L. Joe
Mohawk
St. Ives
Incorporated
New Jersey
Consolidated Exchange Houses
Broadway
York
Montague St
Daily Mining News Bureau
Tonopah Goldfield
LIN & PS Well CO
New Y York
Rocky Mountain
Bex BO
Makeever Bros