Market optimism lifts London shares amid steel rally
British investors push prices higher as anticipated bank rate cuts fuel demand for equities. Reading Steel and Reading shares lead gains while iron and steel markets show caution. bond activity muted with schedules blamed for uncertain pricing. A favorable bank statement expected to boost money market ease in coming weeks.
MENTIONED IN THIS ARTICLE
London
Delaware and
Hudson
Atchison
Colorado
Reading
Unite
Bond Transactions and Year-to-Date Totals
The excerpt shows bond transaction figures with a year to date total of 322,718,350 and a prior year date total of 467 and 22,100 noted in the fragment. Specific names, dates, or issuing bodies are unclear due to transcription gaps.
MENTIONED IN THIS ARTICLE
Becca OU
Calendar for Today and Stock Listings Digest
Calendar for today notes books close and lists many preferred stocks and debentures from firms such as Automatic Time Stamp Co Pelephone Co Philadelphia Steamship Co Hudson Realty Co Metropolitan Trust Co Oregon Railroad and Navigation Co Lorillard Co and Texas and Pacific Coal Co including multiple names and locations in a dense securities roundup.
MENTIONED IN THIS ARTICLE
Automatic Time Stamp Co
Hell ‘Pelephone Co
Philadelphia
Sostor
Cohoston, Fow Boat Co
Stealty, Bound
and Trust. Co
ChisaRe Great Western Railway
Oldinal “Erust Co
Alts “Arms Co
Commercial Cable Co
Orn Exchange National Bank
Chicago
Pe Long Hook and Eye Co
Detroit
United Railway
Empire
Market features signal liquidation nearly done and steady gains
The market showed liquidation nearly finished with real holders only nominal pressure. London trading did not dampen US stocks as steel shares held firm and closed at strong day highs. Swings included Schwab rumors, Dun's Review optimism on corn, and bankers buying St Paul Union Pacific Missouri Pacific and Atchison.
MENTIONED IN THIS ARTICLE
London
I Steel Trust
Common Stock
Baltimore
Ohio
Wall
Duns
Financial District
Dun
Browlstreet
Wall Street
Commercia
St. Paul
Union Pacific
Missouri Pacific
Atchison
Keene
Atchison and Winniowa Pacific
Readings and Erie stocks drive market optimism in Readings advance
Market notes show Readings rising with a 15 000 share surge amid Readings and other houses 10 000 shares each. Erie sees big buying from Morgan interests with expectations of higher first preferred dividends and favorable action for second preferred. Gates group bullish while other Western traders cautious as Gates plans to back bus position on crops and credit reform hopes. Colorado Fuel climbs on investment buying and short covering.
MENTIONED IN THIS ARTICLE
Schwab
Shipbuilding Combine
Wall Street
Steel Trust
Steéne
Streg
Erie
Reading
Gates
John J. Mitchell
Congress
Keene Not Sick, Posts Office Notice
At Talbot J Taylor and Co the denial stated Mr Keene has not fallen ill again. He is well and may be downtown next week if weather permits.
MENTIONED IN THIS ARTICLE
Talbot J. Taylor & Co
Keene
Crop conditions show good progress despite backward plant
Bradstreet reports corn planting and replanting advance with good growing weather and moisture reserves promising if conditions stay favorable. Total acreage likely smaller though exact declines unavailable. Rust widespread in Winter wheat. Texas harvest near finish with over 20 million bushels, more than double last year. Oklahoma harvest active with 17 million bushels.
MENTIONED IN THIS ARTICLE
Bradstreet
Texas
Oklahoma
Crop yields rise across regions with rains aiding cotton
The report notes 10 percent above average in unspecified area and 14 percent in Kansas with a potential 60 million bushel yield. Northwest wheat improves but Dakotas need rain. Cotton slowed by cool weather early week, then revived by rain and heat in Texas New Orleans Memphis Alabama. Florida reports cotton blooming.
MENTIONED IN THIS ARTICLE
Kansas
Northwest
Dakotas
Texas
New Orleans
Memphis
Alabama
Florida
Banks Increase Dividends In City
Two National banks in the city raised dividends yesterday. National Bank of Commerce to pay 5 percent semi annual, 1 percent higher, due July 1. National Park Bank declared 5.5 percent semi annual, up 0.5 percent, with dividends payable in July and future quarterly payments.
MENTIONED IN THIS ARTICLE
National Bank of Commerce
Western National Bank
National Park Bank
Ean
Fifth Avenue Bank elects Porter as director
William H. Porter, president of Chemical National Bank, has been chosen as a director of the Fifth Avenue Bank to succeed the late Frank Dean. His election adds a noted banking executive to the bank's board.
MENTIONED IN THIS ARTICLE
William H. Porter
Chemical National Bank
Fifth Avenue Bank
Frank Dean
Movement of Currency Shows Week's Net Gain
Dow Jones & Co reports currency movement this week with banks gaining 5 021 400 in net terms. Interior transfers totaled 7 238 400 received and 2 242 000 sent, including 300 000 via Sub Treasury to New Orleans. Gold receipts were 1 163 000 with 28 500 New York Office checks and 140 700 San Francisco checks. Gold exports reached 1 250 000 to Argentina. Sub Treasury gains were 562 000 and total net gain after deductions was 5 21 404. The interior movement hints at forthcoming smaller gains until crop movement begins, amid occasional loans.
MENTIONED IN THIS ARTICLE
Dow, Jones & Co
Interior
Sub-Treasury
New Orleans
New York
San Francisco
Seattle
Argentina
Customs
Internal Revenue
Redemption Fund
Trade Improvement Signals Broad Economic Recovery Outlook
Trade reports from Bradstreet and Dun suggest a turning point in mid June with better crop, trade and labor conditions. Improved demand across West and South, rebound in money and clearerings, and reduced idle labor accompany districts recovering from floods. Lead and cotton rise amid broader stable manufacturing, while warnings for June exceed last year’s levels.
MENTIONED IN THIS ARTICLE
Bradstreet
Southwes
Pacific Coast
Canadian Trade Advances Report Mixed Demand Across Regions
Canadian trade advices to Dun's note better demand for dry goods and groceries in St John while shoes and hardware remain slow. Rain improves crops in Montreal and Quebec though hay damage. Toronto and Winnipeg show active wholesale trade. Vancouver notes unchanged conditions and reassuring Fraser River water.
MENTIONED IN THIS ARTICLE
Dun’s
St. John
Quebec
Montreal
Hamilton
Toronto
Winnipeg
Tanecouver
Fraser River
General Business Items From Chicago and Other Cities
Western State Bank votes to increase capital to 1 009 000 and to consolidate with Western Trust and Savings Bank on July 1. Southern Pacific lines expansion via three Louisiana land companies seeks immigration settlement. Philadelphia capitalists back a 1 000 000 trolley linking Sharon Mercer Greenville and Wranklin. Marconi Wireless Telegraph Company of Canada to be incorporated with 5 000 000 capital. Knickerbocker Ice Company changes dividend dates to January 15 and July 15. United States Telephone Company of Cleveland to raise capital to 2 500 000 to pay floating debt. Dry goods imports at Port of New York rise 68 002 while compared week and fall 56 845 year over year. Manchester Traction will lift capital to 2 200 000 for improvements.
MENTIONED IN THIS ARTICLE
Chicago
Western State Bank
City
Western Trust and Savings Bank
Cincinnati
United States, Telephone Company of
Cleveland
New York
Gavin Fall water power progress and stock sale notes
The report notes progress on equipment and development of the Gavin Fall water power project. It also records a sale on the Stock Exchange of 3 shares of Bank of Commerce stock at 360.
MENTIONED IN THIS ARTICLE
Gavin Fall
Stock Exchange
Bank of Commerce
Money Rates and Exchange in London and New York Markets
Money on call on stock collateral held at 2 2, per cent with last loan at 24 per cent and majority at 2 per cent. Time money rates ranged from 4 per cent for sixty days to 5 1 2 per cent for seven to eight months. Mercantile paper rates varied from 5 per cent to 6 per cent for longer terms. New York Clearing House figures show exchanges at $216,554,053 with balances of $10,625,258 and a Sub Treasury debit balance of $1,828,645. London money on call at 2 1 2 per cent, short bills 2 per cent. Foreign exchange a shade easier with nominal rates for sixty days at $4.85 and demand at $4.88. Continental bills quoted for francs at 5.18 to 5.155, reichsmarks 95 and 95 1/2, guilders around 40 1-16 to 40 5-16. Domestic exchange centers show various regional premiums and discounts for commercial and bank operations.
MENTIONED IN THIS ARTICLE
Mercantile
New York Clearing House
United States “Sub-Treasury
London
Reichsmarks
New York
Boston
Chicago
New Orleans
Savannah
Charleston
San Francisco
Telegraphic
St. Louis
New York Times
Osceola
United States Mining
Adventure
Dominion
Dominion Steel
United States Coal and Oil
Oly Hiss
Hoston & Albany
Maine
Fitchburg
Stila
Massachusetts Electric
Mass. Electric
H. & Hart
Pennsylvania
Pere Marquette
Union Pacific
Union Pacific Pf
West En Wen
West End
Eeeewwas Wee Telephones
American Wee Ete
New England
Western
Am Agricult. Chemical
Agricult.Chem
Sete
Dominion Iron & Steel + os
Edison Rights
Georgia Ry. & Electric
Internat
Button Hole
Massachusetts Gas
Mergenthaler
Suser . E. Cotton Yarn
Scotia Steel
du -Pullman
Eeteces Nee
Quy -Reece
Button Holene Oy
Torrington Pf
Eterseene
United Fruit
United Shoe Machine
United States Steel
Illouez
Atlantic
Sceola
Arrot
Quincy
Shannon
Tamarack
Tri-Mountain
Trinity
Coal & Gil
United States
Winona Ae
British Columbia
London Market Review Fits Dull Trading Tone
The Times reports quiet activity in London with a dull stock exchange and lower closing prices in sympathy with American rails. Bank of England receipts include 5,000 sovereigns from France as Consols hold at 91.25, with a 1/16 decline for the account.
MENTIONED IN THIS ARTICLE
New York Times
London
the Times
Bank of England
France
Stock Exchange
Berlin
Amsterdam
Wall Street
London Stocks Open Weak as Rain Dampens Trade
London money and discounts ease as stock activity dulls after a Bank rate cut and poor American demand. Consols close firm, United States Steel leads gains, Kafirs firm then improves on South African labor prospects. Gold premiums held. top prices listed for many issues, with overall subdued mood.
Continental Centres Report on Paris and Berlin Markets
Paris shown firm Bourse with restricted dealings and 2 percent private discount. Three percent rentes quoted at 97 francs 32 centimes for account. London exchange 25 francs 16 centimes. Berlin markets fall on New York news with London exchange at 0 marks 41 cps. Discount rates set at 2 1/4 percent on short bills and 3 percent on three months bills.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin
New York
Exchange
Reading common stock steady amid demand and Lake Superior weakness
Persistent buying of Reading common by New York and Pennsylvania houses and a steady demand for United States Steel common from local commission houses highlighted Philadelphia stock action. Weakness in Lake Superior issues and a dull overall market capped gains. total outside sales reached 2,218 shares and $41,100 in bonds.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Reading
New York
Pennsylvania
United States Steel
Lake Superior
Chicago Quotations and Stock Exchange Doldrums
Chicago June 19 New York exchange at 45c premium before bids after clearings Time and call loans at 44% 6 per cent Business on the Stock Exchange remains dull traction stocks fall Union Traction common declines to 3% West Chicago Edison and Swift react to ex dividend prices National Biscuit and American Can show varied gains and losses while several others trade amid a tight market context.
MENTIONED IN THIS ARTICLE
Manhattan
Montreal
Boston
New York Times
Chicago
New York Exchange
The
Stock Exchange
Traction
Union
Traction Common
West Chicago
Edison Soli
Biscuit
Swift
American Can
Chicago City Railway
Qike
Chicago Edison
Sas SR
Chicago Union Traction
Diamond
National Biscuit
National Biscuit Pt
National Carbon
Swift Fe
Swife & Co
United Boxboard
Bond Market Transactions and Closing Government Bonds
The report lists bids and asks for government bonds and various issues with quoted prices and percentages. It notes no transactions for some items and provides closing quotes for bonds such as North Pacific, Penn cony, and other regional securities, reflecting mixed activity in the market.
MENTIONED IN THIS ARTICLE
K. C. Sovpt
IK & DM
D. M
Trading in Baltimore Stocks and Bonds Report
In Baltimore on June 19 the dull stock market shows no significant price changes. Money on call at 5.5 percent. Daily totals: 105 shares traded and $32,000 in bonds with quotes for United Rys El, Maryland Casualty, Seaboard Ry, Ga South & Fla, Atlantic Coast Line, and others.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
United Rys. & el. Com
Maryland Casualty
Seaboard Ry
Ala
Ga. South
Fla
United Rys. & el
City & Suburban Ist
Atlantic Coast
Eee Midland 2d
Wil. & Oyeldon
Railways report gains in second week of June earnings
Railways publish earnings showing net increase of 941 415 across 34 roads. Central of Georgia Detroit Southern Duluth South Shore & Atlantic Grand Trunk Louisville & Nashville Mexican Central Mineral Ranges Norfolk & Western Southern Railway plus others contributed to the rise totaling 1 148 072. Decreases were posted by Colorado & Southern International & Great Northern Minneapolis & St. Louis totaling 206 657.
MENTIONED IN THIS ARTICLE
Central of Georgia
Detroit Southern
Duluth, South Shore & Atlantic
Grand Trunk
Louisville & Nashville
Central
Ewe Cece
Cci
Davies Ces
Norfolk & Western
Southern Railway
Hetar
Colorado & Southern
International & Great Northern
Minneapolis & St. Louis
Bar and bullion quotes amid London silver and New York prices
The report lists bar bid and ask figures with Alma Bullion and Mining noting silver at London and New York levels. It also records Consolidated Exchange activity including Caledonia at 1.50, Comstock trades, Consolidated California and Virginia at 1.65 1.55, Elkton, Imperial, Ophir, Savage, and other listings with fractional price quotes.
MENTIONED IN THIS ARTICLE
Consolidated Exchange
Caledonia
Comstock
California
Virginia
Elkton
Also Mentioned on This Page
the Financial Markets
Am.Sp
EB. L
H. Va
P. Ss. Overiale
Stock Transactions
Junie
Tisc Gisce Gedcbcuscsevenee
Ewin City
Rapid Transit Co
Prefe United New Jersey Railroad and
Cana
United Railways Investment _Co
San Franciseco
United Shoe Machinery Co
United States Realty and Construction Co
Nesco
United States Reduction and Refining Co
Washington Water Power Co
Spokane
West End Street Railway
Western Union Telegraph Co
Williamsburg Trust Co
Ashland Coal and Iron Co
Niles-Bement Pond Co
Railway Steel Spring Co
Sheppard Knapp & Co
Ailis. Chalmers
Eeul ‘Pacific
Amal
Esis
Missouri
Ont
Locomotive
Locom
Sugar
Pac
Eds
People’s Gas
Ealt
Ae Sap
Steel
Klyn R Denies
Cain
Rock Island
Southern Pacific
Ol. Fuel & F. Wees
Southern Ry
del, & . Hudson
Tenn, Coal & F
Erie Ae Creme
Texkas & Pacific
Erie Ist
Realty
Ao & T
General. Electric
Ait Realty
Illinois _Central
S$ Steel
Eennee Steel
Vt Vulcan
S. & Maw Abash
Western Union
Me ‘Nash
Met
Securities
Wis
Otton - Oil
Sul M
St. P
Hide & L
Tee
le Mo
Am. Tel
Telereene
Anaconda
Pacific Matl
Third Avenue
Tol
RB. &T
John A. Roebling Sons Company
F. W. Roebling
Standard Oil
Amalgamated
Oregon
Learing House
Grand S
Canadian’ Trade
Southern Pacific Railroad Company
Louisiana
Southern Pacific Lands
Sharon
Penn
Greenville
Mercer
Wranklin
Ottawa Dispatches
Railway and Telegraph Committee
House of Commons
Marconi Wireless Telegraph Company of Canada
Knickerbocker Ice Company of
Manchester Traction, Light and Power. Company of
Manchester
N. H
Money and Exchange
London Market
Associated Press
Consors
Kafirs
Balpines and
Canadian Pacific
Chesapeake and Ohio
Chicago Great Western
Milwaukee
de Beers
Denver and
Rio Grande
Denver
Illinois Central
Louisville and Nashville
New York Central
Norfolk and Western
Ontario and Western
Pennsyllvania
Rand Mines
Uthern
Wabash
Wabash Prateetes
Madrid
Lisbon
Outside
International Mercantile Marine
Atl
Northern Securities
Asee
Thursay
Rys
Eeenees
Cambria Steel
Consol Lake
Sup
Onsol Lake
Pesir
Electric Co. of America
Electric Rey Battery
Erie Ee
Finance Co
Insy Co
N. Amer
Lehigh. Valley R
Penna R
Penna
Phila Trac
NGI
Phila Electric
Phila Co
Phila. Co
Weees
Or Bat A
Southern R. Rms
Ssusq Steel Ree
Ite 1 Trust Co
United Gas Imp
Union Traction
United States Steel Ptates
Bay State
Brooklyn City
R. Run Cor
Gold Hill
Greene Consol
Inter Mer
Marconi Wire
Mont & Bost
Royal
Seaboard Air Line
Union Copper
United Copper Wes
Ss Light & Heat Llist
Erie Cony
Meadows
Lack St
Orleans
S Shipbuilding Ss
van Aouste
Ine
Aps
Amer
Erlcan Reece i
Malrays
Imerican Ty Arnteae
Aly
Alifornia
Camden Lan Isein Co
America
Isein Co
Rentral Fireworks
Tral Fireworks
al Foundry
Asree
Wl Tire
Sber Tire
Mackinac
S & Mackinac
Snion Securities
Bliss
Bliss Pf
Ampire Steel
Empire Steel Pf
Erie Con
W. ST
Ti Wireless
Shyovfa, Det
Evansy
Eaboard Air Line
Eminole Mining
Crawford
Potteries
Southwestern
White Knob
Broadway
7Th
Penn Way
Yutgyn
R. T
Usrsey City
H. & Eae i
Nassau Electric
Ninth Avenue R. R
North Jersey St. Ry
North Jersey
St. Ry
St. Louis Transit
T. Teuls
Av. R. R. Consols
Sixth Avenue R
Teinway R.R. Co& Ist
Yracuse Rapid Transit
Wash. Y. & Electric
Elec
Boston Stock Market
Tuam
Pittsburg
Light & Heat
Philadelphia Co
Wees
United States Steel Bos
United. States Steel Pl
Tieiert
West
American Trust
Central S. & T
Bo Ty Am
Colonial Trust
Equitable Trust
Farm
Dep. Nat
Federal Nat. Bank
Tron City Trust
M. Nat. Bank
North Am. Savings
NEW York Stock Exchange
Norf & W. Povah
C&c
North Pac
Feas
Ues
Penn Cony
Alec Ne Borg
Sok Tire
Ingesnwess Sps Neweld Peer
Uyserick
Anada
Match & T
Ley
Pf. i
Ut & Sar
Anny
Testinghouse St Pf
Mey
Lien
Adams Express
Hide &L
Ste Wee
Atch
Top
Santa Pe
Weeer Ee
Oda Sweerdes
Seveneeee
Shane Bean
Atlan Coast L
Canada South
Riel Ata
Car & Ga
Enna
Ches & O
Ches & Oo
Southern Jry
R &T
Coon Borg
St L & W
TOR
I Union Pac
Colf &T
Owe Esmee
Speek Union Pac
Col & South ‘Ist
US Steel Corp
Denver & Rio
Ewe Dean
Taney Rr & Erie
Green Bay & West
Kan City South
K & East
C & Cc
Adams
Er Am
Ag. Ch
Bo Am. Coal
A.C Am. L. Tel
Ag. G. Tw
Lin. Co
M. Co
M. Sn
Fars
BR. &E
Ate Neee
S.- Et
D. Co
Telee Eee
Amer. Lt
Bay State Gas. Fr. Pte
Buffalo Gas
Union Gas
N. J
Denver Gas
J. O
Indianapolis Gas
Mutual Gas
Indianapolis
New Amsterdam Gas
N.y.&e.r.gas Co
N.y.&e.r.gas Co.Con
Northern Union Gas
Ohio & Indiana Gas
St. Joseph (Mo
St. Paul Gas
Ee Standard Gas
East River Ferry
Coes Ferry Ist
Y. & Hob. Con
Nion Ferry
Union Ferry
Vene
Bullion and Mining
Consolidated Imperial
Ophir
Savage
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