Pennsylvania Paris loan sparks stock market rally and shifts
The market rose on the opening as Pennsylvania announced a 50 million dollar Paris loan, lifting Pennsylvania shares about 3 percent and aiding related lines like Baltimore & Ohio. Interborough Metropolitan stock fell after initial support faded, amid injunction reports, as overall sentiment stayed positive with grain eased by rainfall and call money soft.
MENTIONED IN THIS ARTICLE
Paris
Pennsylvania
Baltimore & Ohio
Pennsylvania Company
Panhandle
Chesapeake & Ohio
Norfolk & Western
Interborough Metropolitan Company
Wall Street
San Francisco
New York Stock Exchange Trading Update
Tuesday June 19 1906 market activity noted on the New York Stock Exchange with data from the last sale on 100 share lots.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
Calendar for Today and Notable Dividends
Calendar items list dividends payable on preferred shares and annual meetings. Companies include American Chicle Co Atlantic Coast Line Railroad Knickerbocker Trust Co National Bank of Commerce and Cincinnati Gas Electric Co among others with notes on preferred dividends and special meetings.
MENTIONED IN THIS ARTICLE
E Books
American Chicle Co
Atlantic Coast Line Railroad
Bangor
Eee & Electric Co
Boston Philadelphia Steamship Co
Boston & Providence
Boston Tow Boat Co
Butte Electric & Power Co
Colonial Trust Co
du Pont International Powder Co Electric Boat Co
Empire Steel & Iron Co
Preferre Finance Co
Pennsylvania
Fi Fawnaa
Stvisicu
Homestake Mining Co
Hudson Realty Co
Interborough Rapid Transit Co
International Smokeless Powder
Ical Co
Knickerbocker Trust Co
Knickerbocker Ice Co
Little Schuylkill
Mercantile National Bank
Metropolitan Surety Co
National Bank of Commerce
National Bank of North Americ National Bank of Cuba
National Sugar Refining Co
Old Dominion Steamship Co
Providence Is Co
Standard Gas Light Co
Common Farrad
Tinited Ferry Vo Nited Shoe Machinery Co
United States Reduction & Refining Co
Utah Consolidated Mining Co
Washington Water Power Co
Spokane
Western Union Telegraph Co
Williamsburg Trust Co
Eneta Co
Mexican Consolidated Mining Co
Quicksilver Mining Co
Cincinnati Gas & Electric Co
Pennsylvania Railroad Paris loan placed with investors
The full issue of 50 million dollars in fifteen year 3 percent Pennsylvania Railroad bonds was sold through Kuhn Loeb to the Credit Lyonnais and Banque de Paris et des Pays Bas and placed with investors by French banks. The bonds are in francs and will not appear in this market. Girard Trust Co. named trustee and depository. Demand sterling fell after the loan announcement.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
Kuhn, Loeb & Co
Credit Lyonnais
Banque de Paris Et Des Pays Bas
Philadelphia
The
Stock Exchange
Paris
Wall Street
Pennsylvania
City Trust increases stock after Mercantile liquidation
Boston June 19 stockholders raise the city Trust Company capital from 1 million to 1.5 million following the Mercantile Trust liquidations and Beacon Trust control, plus the Winthrop National Bank acquisition about two weeks earlier.
MENTIONED IN THIS ARTICLE
Boston
City Trust Company
Mercantile Trust Company
Beacon Trust Company
Winthrop National Bank
Iron and steel notes shift in northern markets
Foundry iron advances 25 cents a ton in the North while the Tennessee Coal and Iron Company and Sloss-Sheffield Steel and Iron Company cut No 2 foundry iron to 18.75 dollars per ton. Southern trade improves with talk of possible future rises as Tennessee Republic interests report 20 000 tons sold. Directors authorize plant extensions to double capacity by 1907.
MENTIONED IN THIS ARTICLE
Tennessee Coal and Iron Company
Sloss-Sheffield Steel and Iron Company
Tennessee Republic
Copper upticks in London but futures steady in metal market
Copper eased slight gains in spot for London trade closing at £82 15s 5d while futures held at £80 15s. Pig tin weakened to £176 for spot and futures, unchanged for both. Lead and spelter steady at £16 15s and £27 10s. Iron warrants rose modestly to 49s 11d standard foun dry and 50s 1 4d Middlesborough. New York Metal Exchange prices compared to the prior day are noted.
MENTIONED IN THIS ARTICLE
London
Standard Foundry
Middlesborough
Financial notes and new security listings
The A. J. Sheldon Company declares a 6 percent dividend payable July 1. Irving National Bank posts an extra 1 percent dividend plus the regular 4 percent, payable July 2. Subscriptions for the Davis Daly Copper Co close today at 3 pm. Mills Brothers offer $1,000,000 of International Traction Co 4s, yielding about 5 percent. NYSE seeks listing for 18.255 million in International Traction Co 4s and 2.5 million in Consolidated Indiana Coal Co 30 year sinking fund 5s of 1985. Chicago Great Western Railway Co preferred stock B added to Clearing House list with June 20 contracts. Delaware & Hudson convertible debenture bonds of 1916 totaling 6.781 million admitted.
MENTIONED IN THIS ARTICLE
Irving National Bank
Mills Brothers
International Traction Company
Stock Exchange
New York Stock Exchange
Consolidated Indiana Coal Company
Stock Exchange Clearing House Committee
Chicago Great Western Railway Company
Delaware & Hudson Company
New York Incorporations List Names Dozens of Firms
Albany June 19 Incorporations announced for many New York firms including Hans Loanna Company Gl end unit names, Gregorian Hotel Company Yonkers Wagon and Carriage Company Slawson Hobbs Edwards Electrical Construction Company and Federal Voting Machine Company. Directors listed for each firm with locations in New York Syracuse Yonkers Brooklyn and other cities. Capital amounts range from 2 500 to 1 000 000 reflecting a busy registering day.
MENTIONED IN THIS ARTICLE
Hans Loanna Company
New York
J. C. Covington
J. D. Baker
8. B. Howard
Gregorian Hotel Company
Capital
G. T. Gregory
H. E. Gregory
C. S. Averill
Syracuse
The
Yonkers Wagon and Carriage Company
Yonkers
N. Y
F. G. Hobbs
F. H. Birch
Edwards Electrical Construction Company
M. Levy
J. D. Jais
M. Deiches
Federal Voting Machine Company
S. M. Davis
Chrystie
E. Terry, Jr
Brooklyn
Bayshore Realty Company
D. 8. Bryer
S. Marz
L. Dryer
Murray Hill Sanitarium
G. G. Gant
E. JB. Magnet
Cedarhurst-Lawrence Company
Lawrence
J. F. S. McGrath
A. C. Patterson
Newark
Greater San Francisco
C. H. Frederick
Oaksdale Realty Company
M. Wolff
O. Wolff
C. Yeaton
Roughe& Caldwell Photo Background and Accessory Company
J. G. Lavender
T. G. Caldwell
J. W. Roughe
New
W. W. Boyd
W. P. Tarrant
H. C. Todd
Saratoga Springs
Sherwin Realty and Construction Company
M. Sherwin
J. Arons
S. Hariig
Universal Battery Company
J. T. R. Bell
R. J. Walkius
R. J. Mulligan
May Clothing Company
Adolph Bardach
Rose Bardach James Rubens
Newark Firms Form New Capitalized Enterprises
The list records multiple new corporate filings in Newark and Jersey City. Companies include Harrison & Knight Manufacturing with 300000 capital and Frank A. Harrison and William H. Knight as incorporators, the New Jersey Biscuit Company with 100000 capital and Henry Ern among incorporators, and Pompo Manganese Company raising 300000 with Charles O. Geyer as founder. Additional entities include A. J. Corcoran Incorporated for pumping plants in Jersey City with 100000 capital, Amarillo Company contractors in Jersey City with 30000, Janet Allen Company contractors in Jersey City with 10000, detailing their incorporators.
MENTIONED IN THIS ARTICLE
Harrison & Knight Manufacturing Comany
Newark
Capital
Frank A. Harrison
William H. Knight
Avard
Knight
New Jersey Biscuit Company
Henry Ern
Max A. Ern
George C. Ralph
Pompo Manganese Company
Charles N. King
le Grand Booker
George H. Russell
William E. Robinson
Frank van Winkle
William C. Patterson
Janet Allen Company
Jersey City
George J. Malig
Louis W. Stoksbury
William D. Elly
Baltimore & Ohio share rise on dividend speculation
Directors meet today amid persistent rumors of a 3 percent stock dividend increase, lifting B and O price to about 118 and drawing attention from the Pennsylvania interests. The Pennsylvania Railroad and its affiliates own sizable blocks, so even a 1 percent rise would boost annual income by over $410,000.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio Railroad
Baltimore & Ohio
Pennsylvania
Paris
Pennsylvania Paris
Pennsylvania Railroad
Baltimore & Ohio Common
Pennsylvania Company
Money and Exchange Rates on the Stock Exchange Floor
Money on call rates ranged from 2 percent to 3 percent with most loans at 3 percent. Time money offered at 4 percent for up to seven months. Mercantile paper quoted 5 5 to 6 percent, with bills receivable at 5 5 percent for 60 to 90 days. Clearing House shows exchanges $350,975,571 and balances $13,442,384. domestic rates and foreign exchange figures listed, with several city quotes and premiums noted.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile Paper
Clearing House
Treasury
Sterling
Continental Exchange
Reichsmarks
New York
Boston
Chicago
New Orleans
Savannah
Cincinnati
St. Louis
Charleston
Bullion and mining market notes from London to New York
Bar silver priced 305-16d in London and 65c in New York. Mexican dollars listed at 50%4c. On the Stock Exchange 500 Comstock shares traded at .2014. Consolidated Exchange shows multiple small lots: Alice 230, Atlanta .16 1,000 Bull Frog National Bank .44, Comstock .19, Chrysolite .11/.12, Elkton .42/.48, Jim Butler 1.21, May Queen .27, Mexican .65, Montgomery Mountain .41, Ohio Tonopah .28, Ophir 8.75, Pharmacist .08, Potosi .07, Savage .82, Union Consolidated .32, Work .09.
MENTIONED IN THIS ARTICLE
tNet
Ask
Alils-Chalmers Co Op
Am . Coton Ewer Nee
Hide & Leather
Hide & Leath. Pf
Ice Securities
Am Linseed Co
Eenee Toy Ty
Locomo. Oo
Smelt. & R. Co
Ss &R Co. Pf
Smel. Sec
Sugar Ref. Co
Am. Sug. Ref. Co
Pfoe
Tobacco Co
P Ee
Woolen Co
Woolen Co. Pf
Central Leather Co
Chesapeake & Ohio
Consolidated Gas Oe
Sui
Delawar Hudson
Denver & Rio Grande
Tift
Am. Pf
Hocking Valley
Great Northern Pf
Hocking Valle
Interbor.Met. Paoer
Internat. Paper Co
Internat. Power Co
Iowa Central Pieee
Knick. Ice
Chicago
Lake Erie & Weat
Louisville & Nashville Ee
St. Ry
T. R
Michigan Central
Minn
St. Uss
St. P
Kan
Texas
Tex
Missouri Pacific Ee
Nat. Enam. & Stamp
National Lead Co
New York Central
Tee
N. Y
Chi. & St. L
N.Y., Co
8. L. 2d
Rep
Iron & Steel
Rock Island Co
St. Louis
St. Louis Southw
I. Co
Texas & Pacifics
Toledo Rys. & Light
St. L
Aes
Twin City R. Arts
Union Bag & P. Go
Union B. & P. WO
Union Pacific
Pf Ee
United Rys. Invest
United Rys. Inv
U. S. Cast Iron
Ss. C. I
U. Realty & Im. Co
E AG oOo
U. S. Rubberist
S. Steel
Eeeeses Oe
U. S Steel Pf
Va.Caro. Chemicale
Va. Tron, Coal & Coke
Vulcan Detinning
Wabash . Saseereere
Wabash Ft Seer . W. Se Ee
Western Union Tel
London
New York
Stock Exchange
Comstock
Consolidated Exchange
Alice
Atlanta
Bull Frog National Bank
Elkton
Jim Butler
May Queen
Montgomery Mountain
Ohio Tonopah
Ophir
Potosi
Savage
Union Consolidated
Bank rate may stand amid cautious outlook
The Times reports in London that although money is easy a rate cut on Thursday is not expected. The court may refrain from lowering the rate given current circumstances and potential effects from Russia on Paris are under consideration.
MENTIONED IN THIS ARTICLE
NEW York Times
London
the Times
Russia
Paris
Market Notes From London and Wall Street Finance Roundup
London money markets ease on abundant supplies as discounts weaken and Bank of England rate discussions surface. Stock Exchange dull with gilt edged gains amid cheap money. Americans slip near parity but rise late, Baltimore & Ohio leads. Russians ease. 1904 empires close at 101 1 2. Bar silver weak at 30 5 16d. Bank of England bullion intake 93 000 pounds.
MENTIONED IN THIS ARTICLE
London
Bank of England
Stock Exchange
Americans
Baltimore & Ohio
Pennsylvania
Paris
New York
Imperial
Madrid
Lisbon
Mining stock prices in London for Camp Bird Esperanza Tomboy
London closing prices show American mining stocks Camp Bird at 150 pounds Esperanza at 318 pounds 3 pence Tomboy noted with trading in progress compared to New York closing values.
MENTIONED IN THIS ARTICLE
London
New York
S.d
Camp Bird
Market Report from Paris and Berlin Currents
In Continental Centres Paris opened firm with improving tone but later weakened as stocks closed weak. Russian imperials 77 and 1904 bonds 485. three percent routes 971 24 for accounts. London exchange 25f 17c. Berlin Boerse quiet. London exchange 20 marks 4714 pfennigs. Discount rates short bills 3 percent, three months bills 3 percent.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin
Exchange
Prominent Names Appear In Investor Circle Roster
A list of notable financiers and bankers including John Jacob Astor Charles H Allen George F Baker Edward J Berwind Paul D Cravath Frederic Cromwell James B Duke and Henry Flagler among others is circulated. The roster also names Daniel Guggenheim Levi P Morton Thomas F Ryan and several associated figures reflecting early 20th century finance networks.
MENTIONED IN THIS ARTICLE
John Jacob Astor
Charles H. Allen
George F. Baker
Edward J. Berwind
Paul D. Cravath
Frederic Cromwell
Financial securities list from early 20th century investors
A dense catalog of bonds shares and certificates including Metropolitan Elevated R R Co Chicago Milwaukee St Paul Ry St Paul Manitoba R R Dakota Extension Central New England Ry Co Richmond Mecklenburg R R Co and numerous mining and utility ventures. It notes issue types dates coupons and quantities for account of whom it may concern.
MENTIONED IN THIS ARTICLE
Elevator Co
Duluth
Mobile & Oh!o R. R. Co
Central New England Ry. Co
Bond
Central New England Ry
New York Law Institute
Richmond &Mecklenburg R. R. Co
Boree Mining Co
American Estates Association
American Sight Seeing Car & Coach
Also Mentioned on This Page
Halilgarten&Co
Bankers
Nassau Street
Investment Securities Foreign Exchange
Fisk & Robinson
City of New York Bonds
Cedar Street
State Street
Spencer Trask & Colliam
Pine Streets
Albany
Broadway
Cedar St
Maurice C. Sternbach
Nt, Stock Exchange
John
Sternbach & Co
Bankers and Brokers
Wall St
Parsons
Bond Dept
N.w.halsey& CO
Pine St
East Orange
N. J
Conn
Clark, Grannis & Lawrence
N. Y. Stock Exchange
Ex. Place
Dick & Robinson
William St
New York Stock
C. H. Venner
the Financial Markets
Clos
Eet
Baring & CO
Foreign Exchange
Letters of Credit
Invest
Ment Securities
Baring Brothers & Co., Ltd
Kidder, Pfabody & CO
Southern Pacific OF
Arizona
Southern Pacific
Sutro Bros. & CO
York
NEW York ‘Stock Exchange
Alexander, Thomas & Davies
Pine Street
Investment
San Luis Mining Co
Texas & Pacific Coal Co
Chem
Igo
Philadelphia Exchange
WII
Boston City Trust
Iron and Steel Notes
Metal Market Reports
Financial Notes
A. J. Sheldon Company
J. S. Bache & Co
Otto Heinze & Co
Davis-Dalyee Copper Company
Incorporated
New Jersey
Money and Exchange
Bullion and Mining
London Stock Market
Atchison Re
Pacific Deeee
St .Paulina
Erie
Central
Louis. & Nash
Reading
Pacific
U. S. Steel Pf
Morton
Levi P. Mortegmas F. Ryan
Charles A. Cona
Paul I
RS. i
James K. Corbiere
H. M. Francis
I. Cravath
James B. Duke
Tienry M. Flagler
Daniel Guggenheim
James N. Jarvie
Walter S. Johnston
Ys Samuel Rea
Weonse Rutherford
Thomas F. Ryan
Jacob H. Schitt
Valentine P. Snyder
Harry Payne Whitney
Levi P. Morton, Thomas F. Ryan
G. G. Haven
Whitney
Andrew J. McCormack
Adrian H. Muller & Son
William Street
Vesey
Bank of Manhattan Co
Eeee & Susquehanna Valley
At. Co
United New Jersey R. R. & Canal Co
New York Life Ins. & Trust Co
Chemical National Bank
Monson
Maine State Co
Saratoga Gas, Electric Light, & Power Co
New Haven & Hartford
R.R
Chicago & Eastern
Ill
R. R
Metropolitan Elevated R. R. Co
Mil
St. Paul Ry
St. Paul, Minn
Manitoba
Susa
Western R. R
Golden Empire Mining C
Chattanooga Southern Ry Co
Ist Mtg. Eds
Atlantic Trust Co
Ctfs
Camden & Trenton Ry. Co
Trent & New Brunswick R. R. Co
Consumers’ Coal Co
Silver Chord Control, Mining Co
Equitable Trust Co
New London
Clinton Hall
Mitchell Mining Co
Mitchellee Co
Washington
Mutual Telephone Co
de Lamar
Ee River Electric Power Co
Realty Associates
Mechanics’ National Bank
Second Avenue R.R. Co
New York Transportation Co
Indiana Natural & Ill. Gas Co
Hibernia Mine
Mahoning & Shenango Ry. & Light Com
Gray National Telautograph Co
American Pneumatic Service Co
P. c
Adams Express Co
N. Y. Life Ins. & Trust Co
Yetman Transmitting Typewriter Co
Brooklyn City R. R
Natl
Park Bank
Brooklyn Union Elevated R. R
John B. Manning & Sons , P. c. Mtge
Columbus Consolidated Gold Mining
Empire Mining Co
American
Car & Coach Co
Pawcatuck Valley Street Away Co
Nee Starch Co
34Th Street
125Th Street
Third AV
148Th ST
Travelers’ Letters OF Credit
Girard Trust
E. B. Morris
W. N. Ely
A. A. Jackson
C. J. Rhoads
Edward S. Page
Geo. Tucker Bispham
Capital & Surplus
Nassau ST
N.Y
Exchange Place
Fulton Trust CO
Nassau ST. CapitAl
Sterling Desenture Corporation
Wall Street, New York
Burlington & Missouri River Railroad Company
Nebraska
New England Trust Company
Burlington & Missouri River Rig
Iid de Ea
Weas
Lauuy
Ees Nur
Finan
Anan
Kecut ‘Ruste Road
Comte Sagex Lroa Nave
Devonshire Street
Mass
Aston
Republican Valley Railroad Company
Seid Railroad Company
D. R. Whitney
NEW York Metal Ceiling CO
R. S. Kennedy
West 24Th St
Empire State Surety Company
Armour. Isd Bee
John G. Jenkins
WM. M.tomlins, Jre
Walter V. Cranford
Edmund H. Driggs
Dr. Veeder
Frank Jenkins
Hugo H Sh
Pittsburgh Company
Guerantu ‘Trust Company
Gueranty Trust Company of
Ellwood City
Penn
North Pacific Railway
San Francisco and North Pacific Railway Company
City of
Mercantile Trust CO
Guy Richards
Wall Street Journal
Copartnership Notices
Anna Ohlman
Carrie G. Macomber