Wall Street Apathy Shapes Trading and Dividends Debate
The report notes broad indifference in many brokerage houses with outside traders idle and activity down from peak levels. It discusses how a few firms controlled market momentum, bankers seeking advice amid election uncertainty, and the puzzle of valuing extra dividends in stock pricing, plus selective clearing practices and grain-related facilitation affecting clearing of stocks.
MENTIONED IN THIS ARTICLE
Wall Street
Treasury Funds And Holdings Reported In Washington
Treasury at opening of business reports a reserve fund of gold coin and bullion totaling 150,000,000 and silver dollars 473,247,000. Debits show deposits in national banks 165,077,779 and Philippine Treasury advances 31,729. Total assets reach 1,206,263,809 with general fund balance 187,058,498.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Ceeses
Saables
Seseesery
Sa Geetseeeseess
General Fund
Braigttag Ety
Pittsburg Wire Summary Selections June 19
Special to The New York Times from Pittsburg lists a set of brief items dated June 19. The notes cover local events, arrivals, and notices with names and places typical of a city column.
Financial actions and dividends fill Chicago banking scene
James Speyer stays in Chicago through the convention and plans a Sag visit on Monday. Chelsea Exchange votes to double capital stock to 200000. Chatha National Bank declares 1 percent dividend, its 150th. Ashley F. E. Weever travels from Beaumont on banking business for a week. Long Island Loan and Trust declares 3 percent quarterly dividend payable July 1 to stockholders of record June 20. German Exchange Bank posts 10 percent dividend. capital 200000, surplus and undivided profits 850000, deposits about 5 million. National City Bank and N W Harris & Co acquire 1200000 of Metropolitan Railway Kansas City 5 percent bonds, yield about 6 percent. Listings requested for Chicago Burlington & Quincy 16 million 4 percent bonds due 1958 and Town Central Railway 750000 4 percent bonds due 1951. Erie Railroad quotes revised 4 percent bonds due 1994 and general lien 4 percent bonds due 1994 with coupon and registration details through 1909.
MENTIONED IN THIS ARTICLE
James Speyer
Chicago
Chelsea Exchange
Hank
Chatha National Bank
Ashley FE. Weever
American National Bank of
Beaumont
Texas
Long Island Loan and Trust Company
German Exchange Bank
National City Bank
N. W. Harris & Co
Erie Railroad Company
Ae Eft
Panda
Flagler Leaves Standard Oil Vice Presidency in Shakeup
Henry M. Flagler resigns as Vice President of Standard Oil, to remain a Director, with W. H. Tilford promoted to Vice President and C. M. Pratt named Treasurer. H. H. Rogers, William Rockefeller, and John D. Archbold remain as Vice Presidents. Barstow retires for health. Folger, Jr. succeeds him as Director.
MENTIONED IN THIS ARTICLE
Henry M. Flagler
Standard Oil Company
W. H. Tilford
H. H. Rogers
William Rockefeller
John D. Archbold
F. Q. Barstow
H. C. Folger, Jr
Barstow
Flagler
Tilford
C. M. Pratt
Walter Jennings
Standard Oil
Florida East Coast Railway
Florida Keys
Key West
Havana
Tidewater Railroad
Rogers
July Payments Shrink as Dividends Fall Across Railroads
July interest and dividend disbursements are expected to total 150 to 160 million dollars, down from about 175 million last year. The Missouri Pacific and Big Four have omitted regular dividends, while major lines such as the Pennsylvania and New York Central trimmed rates this year.
MENTIONED IN THIS ARTICLE
Missouri Pacific
Big Four
Pennsylvania
New York Central
Lincoln Savings and Trust Company Fails in Philadelphia
The Lincoln Savings and Trust Company did not open for business today in Philadelphia. Samuel N. Hyneman, an attorney, was appointed receiver to conserve assets with promises that depositors would be paid in full after the company had paused operations, reorganized, and resumed earlier.
MENTIONED IN THIS ARTICLE
Philadelphia
Lincoln Savings and Trust Company
Samuel N. Hyneman
Baltimore Bond and Stock Report From June Market
Special to The New York Times from Baltimore notes little activity in Change. Bonds show mild moves with Baltimore City 5s up a point and Maryland Telephone 5s down a point. Seaboard 4s ease and various issues record modest trading with totals around $43,500. Maryland Tel 5s and Baltimore Electric 5s appear among notable listings as stocks like Consolidated Coal and Maryland Casualty inch higher in a restrained session.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
Baltimore City
Maryland
Seaboard
City
Char
United Ry. Fdg
Maryland Tel
Baltimore Electric
Maryland Casualty
Consolidated Coal
Chicago stock market drift marks uneven early trading
Chicago Telephone rose to 140 in early trade while 129% late last night. Commonwealth Edison inched up, along with Quaker Oats preferred and Swift. Boxboard preferred stayed heavy as shipbuilding slipped. most others held steadier.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Telephone
Commonwealth Edison
Quaker Cats
Swift
Boxboard
Chicago Pneumatic Tool
Chicago Railways
Diamond
National Biscuit of
Quaker Outs
United Boxboard Pf Aesaee Ste
Closing quotations on the local Exchange today
Colorado Springs June 19 closing quotations list bids and asks for several securities. Notable entries include 6% Tibia Isabella at 83 to 80, Portland 105 to 110, Paso 35 to 35, Vindicator 8 to 6, Rawlings 7 to 9, and a work 4.6 9 on.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Tibi Isabella
Portland
Fl Paso
Rawlings
Daniel Guggenheim Returns Home From Europe
Daniel Guggenheim, president of the American Smelting and Refining Company, arrived aboard the Mauretania after four months in Europe and went to his New York home. His son Robert Guggenheim met him. He noted Europe’s mood improving and copper markets recovering, while avoiding local business commentary.
MENTIONED IN THIS ARTICLE
Daniel Guggenheim
American Smelting and Refining Company
Europe
Mauretania
M. Robert, Guggenheim
Speang
France
Guggenheim
New York
Bradstreet Reports Wide Gap in Weekly US Failures
Bradstreet's shows 254 US business failures this week versus 253 last week and lower figures in prior years. Regional tallies place Middle States at 90 and New England at 26, with Canada at 23. About 8.5 percent of failures involved capital of $5,000 or less while 14 percent had capital between $5,000 and $20,000.
MENTIONED IN THIS ARTICLE
Bradstreet
United States
Middle States
New England
Southern
Western
Northwestern
Far West
Territories
Canada
Ee Cent
Bank dividend notices issued by major New York banks
A series of dividend declarations from multiple banks including Merchants Bacong s National Bank Hanover National Bank Yorkville Bank Importers and Traders National Bank Seaboard National Bank American Chemical Company General Chemical Company Thompson Starrett Company and Thaddeus Davids Co with details on payment dates transfer book closures and record dates.
MENTIONED IN THIS ARTICLE
Merchants Bacongs National Bank of the City
New York
FE. V. Gambier
Hanover National Bank
City OF New York
Elmer E. Whittaker
Yorkville Bank
WM. L. Frankenbach
Importers'and Traders National Bank of New York
H. H. Powell
Seaboard National Bank of the City
C. C. Thompson
American Coal Products Company
General Chemical Company
Broad Street
James L. Morgan
Thompson-Starrett Company
Wall Street
Com “T
H. D. Babbitt
Also Mentioned on This Page
Stock Exchange
the Treasury Balances
Pittsburg Transactions
Pittsburg
Grucibhe
Mfrs
Light & Heat
Jl Ae
Mount Tritle Wee
Li Hio
Maaan
Fittsburg Coal Pf
Financial’ Notes
H. M. Flagler
Standard Oil CO
the Lincoln
Chicago Stock Market
The
San Francisco
Hale & Norcross
Andes
Kentucky
Elcher Assetee
Mexican Ete
Best & Belcher
Occidental
Caledonia
Savage
Cal &V
Union
Sierra Nevada
Imperial
Ah Clan Gestae Gould & Curry
AL Yelow
Telegraph
Tonopah
Goldfield GC. M
Belmont Oreae Star
Jumbo
Golden Anchor
Crete
Jim Butler
Mohawk
McNamara
Red Hills
Midway Sandstorm
Montana
St. Ives
West End
Silver Pie
Oldfield
Bullfrog
Atlanta
Cere Blue Bell
Montgomery
Seene Dais
Diamondfield
Peerne
Bank of the Metropolis
Union Square
Resources
Andrew J. McCormack
Adrian H. Muller & Son
William ST
Bicktacncavisard
Exchange Salees
Vesey Street
William Street
New York Clearing House
Rudolph Kiegbolte & Comene and
United States Ortgage Trust Company
Rudolph Kleybolte & Company
Detroit, Toledo & Ironton Railway Company
Rudolph Kreybolte & Company
United States Mortgage & Trust Company
Trust Company
Rudolph Kiley Bose & Company
Indiana Coal Co
Iron &Steel Co
United States Steel Corp
Graff, Washbourne & Dunn Co
Downey & Burnham Co
American Ice Co
I. S. Smelting Co
Mtge
U. S. Reduction & Refining Co
Northern Union Gas Co
N. Y
Public Service Corp. of
New Jersey
Marvin Safe Co
National Lead Co
Broadway
7Th Avenue
R. R. Co
H. C. & A. I. Piercy Contracting Co
Great ‘Western
W. & A. Underhill Brick Co
Tri-Metallic Mining, Smelting
West Virginie
Midland R., R. Co
Union Ferry Co
Brooklyn City
R. R
New York & Hoboken Ferry Co
Corn Exchange Bank
Commercial Trust Co
Carnegie Trust Co
Chicago Consolidated Traction Co
Chicago Consolidated Traction Company
Central Trust Company of
J. N. Wallace
Hugh J. Grant Henry A. Blair
Chauncey Bee
Charles G. Dawes
L. Babcock
New York City
Joline, Larkin & Rathbon L. C
Mississippi Central Railroad Company
Mississip Central Railroad
Standard Trust Company of New York
Harvey Fisk & Sons
Cedar Street
Borough of
Manhattan
Ississippi Ee Railroad
John T. Porter
Scranton
Penn
Bowery Savings Bank
Bowery
Henry A. Schenck
William E. Knox
Joseph G. Liddle
Chambers St
W. H. B. Totten
George B. Dunning
H.e.tener,jr
North River Savings Bank
34Th St. Bet
6Th Aves
Samuel D. Pixies
Frederick N. Cheshire
Charles F. Turton
Anne Sa
William FE. Trott
Thomas 1
Lington Ave
Santeng
P ER
R. Ebert
Union Dime Savings Institution
6Th Avenue
Greeley Square
Charles i. Sprague
Francis M. Leake
William G. Ross
Empire City Savings Bank
West 125Th St
Isaac A. Hopper
Arthur T. Timpson
INTE
Greenwich Savings Bank Cor
6Th Ave
16Th St
J. Hu Tran
James Quinlan
Ee Ee Irs Dutcher
Treags
Ampden Robb
CIS
Dollar Savings Bank
Third Avenue
John Haffen
WM. M. Kern
San Francisco and North Pacific Railway Co
Mercantile Trust Company
San Francisco and North Pacific Railway Company
T Broadway
City of
Guy Richards
F. H. Tubbs
B'way
N.Y. Tost
U.S. Steel
Pierre la Pierre
Charles Head & CO
Broad St
N.Y
Isthmian Canal Commission
Wash
D.C
State Street
Custom House
New Orleans
the . S
Louisville, Ky
Mobile
Ala
H. F. Hodes
Corps of Engineers
Empire Trust Company
M. G. Gough
Manhattan Company
D. H. Pierson
Board of Directors
W. H. Strawn
Cashier
Kansas City Southern Railway
Ee ’ R. B. Sperry
Twin City
Rapid Transit CO
Farmers’ Loan and Trust Company
A. S. Pattee
the Securities Company
Securities Company
Bowingg. Woodling
Cleveland
Cincinnati
Chicago & St. _Louis
United Gas Improvement Company
N. W. Corner Broad and Arch Lts
Lewis Lillie
Bank OF America
Citizens Central
National Bank of New Or
L Albion K. Chapman
Wabash Pittsburg Terminal Railway Company
OLD Colony Trust Company
Ames Building
Boston
Paul Morton
Haley Fiske
Harry Bronner
Myron T. Herrick
Cordon Abbott
Geo. P. Butler
Franklin L. Labcock
United States Trust Company
Peter Otten
Peter Otcans
Clinton Avenue
Bronx
Cty
Thaddeus Davids Co
Vandam St
J. W. R. Merckle
Sec
Bureau of Supplies and Accounts
Navy Department
D. C
Navy Yard
Navy Pay Office
Bureau
E. B. Rogers
Fort Wadsworth
U. S
Edmund T. Weisel
Army Building
Long Rock
Harbor
A Bay
Ledge Rock
Bronx River
Enighy
Engis
Amaseu
Associated Trust Companies
Stephen Baker
Bank of the Manhattan Co
Samuel G. Bayn
Seaboard National Bank
Edwin M. Bulkley
Spencer Trask & Co
James G. Cannon
Fourth National Bank
Edmund Co
Sonvem
Henry P. Davieon
First National Bank
Alter E. Frew
Pre
Edgar L. Marston
Blair & Co
Oe W. Perkins
P. Morgan & Co
Willa H. Por
Chemical National Bank
Daniel G. Reid
Liberty National Bank
Edward F. Swinney
Kansas City
John F. Thompson
Gilbert G. Thorne
National Park Bank
Edward- Townsend
FepReee Anoe. Nat. Bank
Albert H. Wiggin
Chase National Bank
Samuel Woolverton
Gallatin National Bank
Edward F. CC. Young
Jersey City
J.F. Thompson
V. P. Dye
Pomeroy
Treas
Pspaa
Odey Leone
Axars
T. W. Lamont
Ore A B. Strong Jr. Secy
F. N.b.close
Asst
TH Central Trust CO
Invasivensay Vie
Oiler
National Banks
Legal Tender
Terretos le - Soc
Tanes
Ovens of No
C. T. Co
State of New York
County of New York
N. Wallace
M. Ferruson
Central Trust Co. of
Superintendent of Banks
M. Ferguson
M. EF. Hellstern
Kings Co
Greenwich
BANK
Oqwerdriftsyoss
Ccqntweeen
Newark
WM. C. Duncan
Clarence Foote
Greenwich Bank
Hudson Street
Aid County
Bankes
Duncan
R. P. Hovey
Notary Public
Mutual Bank
Aties
Athar Wahilitias Wie
Laweaees Rr
County of
el York
Charles A. Sackett
Hugh N. Kirkland
Cashtfer
Robt. R. Greason
Mount Morris Bank
National Bank Cagh
Capital Atock
Bankery
Abe
L. M. Schwan
Lind H. Hill
Mount Morris Ban Bank
125Th Street
Tnsa County
Lindley H. Hill
R. Lewis
NEW York Produce Exchange Bank
Newrk Clearing House Association
Om Banking House
Forrest H. Parker
Adelbert H. Alden
John R. Wood
Thomas B. Nichols
New York Commercial Company
John E. Berwind
Berwind White Coal Mining Company
John A. Hance
Jesup & Lamont
Walter C. Hubbard
Hubbard Bros. & Co
James McMahon
Emigrant Industrial Savings Bank
Edward C. Rice
Rice, Quinby & Co
Comminsion Merchants
Albert S. Roe
Ontario Car
John E. Weeks
M. D
East 57Th St
Union Exchange Bank Fifth
New York, N. Y
Henry S. Herrman
David Nevius
the Plaza Bank
W. McMaster Mills
C. W. Parson
E. M. Clarke
E. H. Cook