Market swings amid mixed news and Union Pacific influence
Stocks fell sharply then rallied to recoup part of Monday losses as investors weighed technical factors and hopes for Union Pacific’s plan to ease capital pressure. Short term notes and Tennessee bond sales underscored strained credit markets and cautious lending. Exports hit a May high while imports lagged, signaling a widening trade surplus ahead of duty reductions.
MENTIONED IN THIS ARTICLE
Union Pacific
Stock Exchange
Southern Pacific
Tennessee
Europe
London
Berlin
Money market rates and international exchange report
The report lists loan rates on stock exchange collateral at 2 1/2 percent with last loans at 2 percent and renewals at 2 percent. Time money rates show 3 1/2 to 4 1/2 percent across sixty to ninety days and five to seven months. Commercial paper around 6 percent for top names. Clearing House balances and Sub Treasury debit balance totals cited. Foreign exchange and money market rates abroad cover London Paris Berlin, with cable and sight rates and 60 and 90 day bills. Domestic exchange rates include regional premiums and par quotes for Boston Chicago St Louis and San Francisco and Montreal.
MENTIONED IN THIS ARTICLE
Stock Exchange
Clearing House
Sub-Treasury
Ig Sub-Treasury
London
Paris
Berlin
Switzerland
Holland
Bankers
Boston
Chicago
St. Louis
St. al
San Francisco
Montreal
Bar silver price slips in London and New York
The article notes silver bar prices easing to 1 16 pence in London at 2744 per ounce and lower in New York at a price per ounce marked as Sec. The report highlights a quiet trading day with minor moves in both markets.
MENTIONED IN THIS ARTICLE
London
New York
New York Times
the Times
Adirondack Elec
Mississippi
Utah
SEC. Corp. Stock & Notes
Chandler Bros. CO
NEW York Stock
Broadway
N.Y
Boston
Rock Island Note Issue Approved in Missouri
Jefferson City Mo June 17 announcement that the Missouri Public Utilities Commission approved the pre issue by the Chicago Rock Island and Pacific road of 4 410 000 gold notes five per cent interest. The funds are not used for the purchase of equip.
MENTIONED IN THIS ARTICLE
Rock Island
Jefferson City
Missouri Public Utilities Commission
Chicago
Rock Island and Pacific Isroad
Bankers See Western Moderation Amid National Questions
A returning banker reports unexpectedly friendly corporate treatment and restrained municipal spending across Pacific states. He notes Western business pride yielding to financial prudence and a desire to settle tariff currency reform and exclusion debates. He warns San Francisco faces strain from 1915 World’s Fair preparations and post earthquake growth.
MENTIONED IN THIS ARTICLE
Pacific Coast States
San Francisco
Golden Gate
New Orleans
Unlisted stock activity and tobacco shares trade daily
Transactions in unlisted stocks rose in volume while prices fell. Tobacco Products preferred traded between 99 and 95 with 10,000 shares changing hands and a closing sale at 90, down two points. United Cigar Stores rose to 82 percent intraday and closed at 81, up 1 percent. Brooklyn Rapid Transit notes closed at 4 percent, down 14. Bond activity noted with 31,000 traded and Western Pacific at 75 percent bid.
MENTIONED IN THIS ARTICLE
United Cigar
S. Brooklyn Rapid Transit
N. High
Manhater
Eee
Teeese
Cigar St. Co
Alaska
G. M
Br. Col
Ely
Giroux Mining
Goldfield
Jumboa
Kerr Lake
Ann
la Rose
Mason Valley
McK.dar
Soo
Hills
Prospect—Mining Company
West E. Ext
Anglo-Am Oil
Bay State
Luett Peabody
Cluett Peabody
Rubber
Emerson-Brant
Ismerson- Brant
Havana Tobacco
Houston Oil
Houston
Earee
Vv Coal Sales Co
National Sugar
N. Y
Mexico
Otis Elevator
Otis Elevator of
Eeas
R. J. Reynolds
Tobacco Products
U Ct Ss Co
Light & Heat
Willys Overland
Willys Overland Ts
Bessie Gold
Greene-Canan Ps
Greenwater
Halifax
Uw Ms
Tularosa Sete Eee
Tuolumne C Copper Union Mines Free Eee
United Copper Pf
Wettlaufer
Yukon Gold Mines
Mining Cos N. J. Mines Co
Utah Bingham Bonds
Braden Copper Os
Havana
N. Y. City
Western Pacific
DS. Er
Ween
Ae Eae Biale
H. Low
I Railroads Eees
American Light & Traction
Adirondack Electric Power
Tee
American Gas & Electric
American Power & Light
American Public Utilities
Reeseee
Appalachian Power Company
Teeee Uwm
Cities Service
Fae
Connwealth
Commonwealth P. R. & IL
Denver Gas & Electric
Lincoln Gas & Electric
Waaas Montana Power Co
Dosetenessesese
Montana Power Co
Ontario Light & Power
Ontario Power & Ene
Northern States Power
Edasee
Ozark Power & Water Co
Pacific Gas
Stock Market Averages For Railroads And Industrials
The piece lists the stocks used in the twenty five railroad and twenty five industrial averages. Railroads include Atchison Topeka Santa Fe Atlantic Coast Line and others. Industrials cover Amalgamated American Can American Car and Foundry and more.
MENTIONED IN THIS ARTICLE
Atchison, Topeka & Santa Fe
Atlantic Coast Line
Baltimore & Ohio
Chesapeake & Ohio
Chicago Great Western
Chicago
Milwaukee & St. Paul
Ohio & Northwestern
Denver & Rio Grande
Erie
Great Northern Pl
Kansas City Southern
Lehigh Valley
Louisville & Nashville
Missouri
Kansas & Texas
Missouri Pacific
New York Central
Norfolk & Western
Northern Pacific
Pennsylvania
Reading
Rock Island
Seaboard
Consolidated Exchange Shows Improvement After Trading Day
The Consolidated Stock Exchange ended the day with overall improvement after five and a half hours of dealings. Early weakness gave way to a vigorous rally led by Union Pacific and Reading. Prices rose in the afternoon on news that the Cabinet adjourned without deciding the Harriman merger dissolution plan.
MENTIONED IN THIS ARTICLE
Stock Exchange
Minnesota
Reading, Steel
Union Pacific
Consolidated Stock Exchange
Reading
Washington
Harriman
Markets Slide and Rebound as European Bourses Open Weak
London reports limited demand for gold and ample supply. discount rates rise while two and three month bills gain. Paris opens weak then closes better with 3 percent rente at 83.90. Berlin bourse dull on adverse New York cues and rising money rates. Rio Tinto falls amid continental liquidation. Canadian Pacific and American shares show late rally. Rio Tinto heavy, Pacific up $2 from trough.
MENTIONED IN THIS ARTICLE
New York
Canadian Pacific
Rio Tinto
Berlin
Germany
Belgium
Judge Reed Testifies in Government Suit to Dissolve Steel Trust
Former Judge James H. Reed of Pittsburgh, now a director of United States Steel, testifies that Carnegie and Frick were eager to sell and that Morgan arranged the sale. Reed describes Christian forbearance in pricing, Gary dinners, and the company’s cooperation with government inquiries through 1910 1911, noting costs of data gathering.
MENTIONED IN THIS ARTICLE
United States
Steel Corporation
James H. Reed
Pittsburgh
Carnegie Steel Company
Reed
Carnegie Company
J. P. Morgan
Henry C. Frick
Andrew Carnegie
Judge Reed
Philander C. Knox
Mr. Knox
Masic
Morgan
Mr. Carnegie
Francis Lynde Stetson
Carnegie
Carnegie Steel
Pierpont
Europe
Judge Gary
Gary
William J. Filbert
United States Steel Corporation
Bureau of Corporations
James R. Garfield
Stanley Committee
United States Labor Bureau
Filbert
Mr. Filbert
Will Against
Also Mentioned on This Page
Kidder, Peabody & CO
Wall St
Devonshire St Boston
Travellers International Cheques
Baring Grothers & Co., Ltd
Spencer Trask & Co
Exchange Place
New York City
Brooklyn
Beerg Investor
Farson, Son& Co
Banke
FJ Jismansg
New York Stock Exchange
Broad St
Philadelphia
Hartford
Congress
Pearl Building
LaSalle St. Street
Dine & W. S. Kuhn, Inc
Wall Street
Swartwout and
Appenzellar
Pine Street
Money and Exchange
New Haven
The
Exchange
Outside Securities
Cambria Steel
Ewersesese
Keystone Testock
Lehigh Navetis
Lehigh Nav
Southern Railway
Tonopah Belmont
Tonopah
Union Pacific Terenee
Union Tract
Yara United Gas Imp
Us Steel
United Railways
Warwick Iron & 3
Little Schuykill
Baldwin Loco
Elec
Peo
Phila Co
Standard Oil
Anglo-Am
Atlantic Refining
Borne-Scrymser
Buckeye
Chesebaugh
Indiana
National Transit
New York Transit
Ohio Oil
Prairie Oil & Gas
Solar Refining
Penn
Penn. P
Ind
N. J
Ohio
Swan & Finch
Union Tank Line
Washington Oil
Consolidated Exchange
Conley Tinfoll
Johnson Tinfoil & M
J. S. Young Erect Wees
MacAndrews & F
Porto Rican-Am. Tob
P. R.-Am
Scrip
Eat United Cigar Stores
UN. Cigar Stores Pf
Balt
Vie Poston & Me
Boston & Me
BR. R. T
Ches. & Pe
Chi. & W
Erie Fies
Hudson Cos
Mon. C
A. St. L
S. F
Seab. Air L
W. & Sul
Brook, R
Can. Pacific
Ches
Ray
Rep. Steel
Southern Pac
Southern Ry
Ie S. Steel
U. S. Steel Pf
Utah Copper
Va. C Chem
Wabash Pf . Tsi
North Star
Ag Son
Ophir
S. Portland
Tonopah Mer
West End
Public Utility Securities
American Railways
Havna Electric
Ewe
Jane
Usta-Aiken Railway & Electric Corporation
Chicago ST Milwaukee & Paul System
Inter-State Commerce Commission
Cleveland Mincinnati
Chicago & ST. Louis
Tee Censen
Delaware & Hudson
York
Inter- State Commerce Co
Foe
Baltimore
Baltimore Elec
Citizens Nat. Bank
Con
Power Pf
Ous
Oil Com. T. c
Hous
Oil Pf
T. c
Mercantile
Old Town Bank
Penn. Water & P
Seaboard Air Line
United Rys
A. IL
Conn
City
Cotton Duck
Chicago Ry. N. O
M & Chi
Os Oi
RS Borg
Chicago el Rys
Montgomery W. Pf
National Biscuit
Sears-Roebuck
Emereen Pt
Swift & Co
S. Steel
Chicago Gas
Chicago Ry
Commonw
Columbia G & E
Crucible Steel
Ruly
Harbison-Walker
Ind Brewing
L & Heat
Oklahoma Gas
Union Switch & Sig
T . West
West
Ieee
Bourses OF Europe
Heey Atchison Tho
Otiy Oy
Pacific
Hes
St Paul
Denver Sete
Erie Ist
oSay
Illinois Central
Ls Louis
Nash
Kans. & Tex
A Central
Nay Norf. & West
Ontario & West
Railway
Dee
St i Wabash
Ironmaster
Ment
South Penn Oil
Jenks, Gwynne & Co
Joan Munroe
Pine St
Boston OF Credit
Commercial Letters OF Credit Foreign
Munroe & CO
Scribe
J. K. Rice, Jr. & Co
Cumberland Corp
EF. W. Bliss
Hocking Valley
U. S. Light & Heat
Com
Pacific Coast
Portland Gas & Coke
J.K .Rice, Jr. &Co
Butte
Mississippi River
Tex
Mobile
Allis Chalmers
B. H. & F. W. Pelzer
Broadway, N. Y
Barkers
Worcester
Nickelom
du Pont
Hercules Powder Stock & Bonds
Atlas Powder Stock & Bonds
Bank & Trust Co
S. H. P. Pell & CO
Prchenge
Hanover Wall St. N.Y
Kansas City Av. & S T
Ontario Power
Pitts
Lake Erie
Lexington Av
Pavonia Ferry
Niagara Falls
J.S. Bache & Co
Pomroy Bros
Thompson Towter & CO
New York & E. Riv
Gwynne Public Utility
Brothers Tel
Sosrtires
E. H. Rouiins & Sons
Denver
Los Angeles
Metal Market Reports
Sheppes
Cleveland
Alta
Hate & Norcross
I & Belcher
Occidental
Belcher
Cal
Sierra Nevada
Gould & Curry
Ee Tonopah
Belmont Ee
Sime
Daley
Mizpah
Montana Mae Oy
Ersee
Ol Senese
Nevada
Atlanta
Eenee
Manhattan
W. N. Coler & CO
Cedar Street
Pecal
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