Financial markets show limited consolation amid varied factors
The article notes a generally steady market with slight declines amid unfavorable news and heavy rains in Crap districts. It emphasizes limited selling, a rise in cotton, insolvency actions against the Asphalt Company of America, and substantial anticipated U.S. government disbursements in July influencing investment demand.
MENTIONED IN THIS ARTICLE
Asphalt Company of America
United States
Cast Iron Pipe Company
Ehiti
Metropolitan
Jareee Transit
Leatheree Fed
Pennsylvania
Athe Invest
Standard Railway
Germany
Stock and Bond Transactions Reported for the Year
Frmeawe sworn aaa. IPA total to date this year amounts to 1 453 000 with 324 865 350 recorded for the corresponding date last year and 471 489 500 noted in the period.
Beech Creek Railroad and Electile and Power Co. notes
Calendar for today reports books close for Beech Creek Railroad and Electile and Power Co. common and preferred stock. Text notes possible corporate actions and share register deadlines for investors.
MENTIONED IN THIS ARTICLE
Beech’ Creek Railroad
Aaire
B. W) Co
Electile and Power Co
Stock Listings Highlight Electric Storage Battery Firms
Equitable Trust Co Fifth Avenue Bank Hall Signal Co common stock Samson Consolidated Store Service Co Mechanics and Traders Bank shown among listed shares.
MENTIONED IN THIS ARTICLE
Equitable Trust Co
Fifth Avenue Bank
Hall Signal Co
Samson Consolidated Store Service Co
Mechanics and ‘Traders’ Bank
Market features show nine stocks trading heavy volume
Nine stocks traded 10,000 shares or more yesterday, led by professional operators. Weil and Waldorf cliques dominated activity in a noisy effort to push prices down while limiting stock sales. Declines in Brooklyn Rapid Transit and Metropolitan shares followed court testimony that recent earnings were overstated, depressing investment demand.
MENTIONED IN THIS ARTICLE
Brooklyn Rapid Transit
Pennsylvania
Reading
Weil
Waldorf
Railroads debated over dividends after election period
A prominent banker says annual dividends may rise if business improves though likely only after the Presidential election. They suggest conservative boosts not exceeding five percent of permanent improvements, with Erie and Reading possibly starting earlier due to strong earnings. Leather Trust shares decline signals reader pushback and possible court remedy over a management plan.
MENTIONED IN THIS ARTICLE
Erie
Reading
Leather Trust
London Market Quiet Amid Mixed Trading Activity
London trading yesterday showed little influence on New York action with about 15 000 shares changing hands and roughly 10 000 of those as sales. Early London quotes were lower but attributed to neglect rather than increased selling pressure.
MENTIONED IN THIS ARTICLE
London
Market Update on Rail Shares Amid Weather Concerns
Trading focused on Union Pacific and Missouri Pacific as weather concerns influenced investor sentiment. The day saw a regular semi annual dividend declaration for Missouri Pacific, signaling continued corporate actions amid the market decline.
MENTIONED IN THIS ARTICLE
Union Pacific
Missouri Pacific
Dick Brothers & Co Open Newport Branch Office
Dick Brothers and Company opens a branch in the Audrain Building Newport under manager Lawrence Waterbury.
MENTIONED IN THIS ARTICLE
Dick Brothers & Co
Audrain
Newport
Lawrence Waterbury
The Street Thief Clique Reported To Steal Stocks
The street thieves are said to be secretly borrowing a large number of stocks. Police investigate unusual activity and urge vigilance among brokers and traders.
MENTIONED IN THIS ARTICLE
Stree ‘Thear
Gold Shipments From New York Tilt European Markets
American bankers in New York engaged $2.6 million in gold for shipment to Berlin and Paris via Kaiser Wilhelm II. National City Bank took $1 million for Berlin, Goldman Sachs $750000 for Paris, Bleidelbach Ickelheimer $600000 for Paris, and Kidder Peabody $350000 for Berlin. The large shipments eased the foreign exchange market and reduced call loan rates as the week progressed.
MENTIONED IN THIS ARTICLE
Paris
Berlin
Europe
National City Bank
Goldman, Sachs & Co
Wit
Bleidelbach,Ickelheimer & Co
Partis
Baring, Magoun & Co
Kidder, Penabody, & Co
Boston
Cast Iron Pipe Affairs Denied By Company Officials
In Trenton on Saturday last Andrew M. McNeal of Burlington New Jersey sought a receiver for United States Cast Iron Pipe and Foundry Company alleging mismanagement high plant costs and insolvency. Secretary Treasurer Benjamin F. Haughton countered that the firm just closed its most prosperous year and is financially stronger than since its four year formation with a very good outlook. A director indicated the annual report would reflect these results.
MENTIONED IN THIS ARTICLE
Andrew M. McNeal
Burlington
N. J
United States Cast Iron Pipe and Foundry Company
Trenton
McNeall
Saimi
Net earnings rise to about 1.2 million this year
Net earnings are about $1,200,000, up from $711,000 last year, with a cash in bank figure of around $450,000.
Osgood of Colorado Fuel and Iron Arrives After Notes Trouble
J. C. Osgood, president of the Colorado Fuel and Iron Company, arrived in the city amid reports of $600,000 note payments trouble. A board meeting to discuss the issue was reportedly planned but not held due to director absence. Osgood declined further comment, saying reports misrepresented him and that no reorganization is needed. He noted the front steel trade remains strong.
MENTIONED IN THIS ARTICLE
J. C. Osgood
Colorado Fuel and Iron Company
Osgood
Changes in Equitable National Bank Leadership
The Equitable National Bank announced yesterday a shuffling of officers. The resignation of cashier James S. O Neale was accepted and Charles F. Broach was elected to fill the post and to serve as director. Broach previously held secretary treasurer duties at Fidelity Title and Trust of Stamford. Charles A. Nones, treasurer of Evansville and Terre Haute Railroad, was also elected a director.
MENTIONED IN THIS ARTICLE
Equitable National Bank
James S. O'Neale
Charles F. Broach
Broach
Fidelity Title and Trust Company
Stamford
Charles A. Nones
Evansville and
Terre Haute
Mergers and contracts dominate multi-city dispatches
Atlanta Gas Light and Georgia Railway and Electric announce a merger under Philadelphia capitalists. Gainesville and Clifton mills rebuilding contracts awarded after storm damage. Arkansas Missouri Kansas Railroad issues 713000 400 bonds and projects a 430 mile line to Chanute. Federal National Bank seeks control by buying stock of First National Bank of Allegheny. Stock market reports note Bank of Commerce sale at 3056.
MENTIONED IN THIS ARTICLE
Atlanta
Spartanburg
S. CC
Gainesville, Ga
Clifton Mills
Joplin
Arkansas, Missouri and Kansas Railroad
Memphis
Tenn
Chanuté
Kan
Pittsburg
Federal National Bank
First National Bank of
Allegheny
Money and Exchange Rates Across Markets
A roundup of money on call rates and loan terms from Dyadic to daily markets, with percentages for various loan durations, mercantile paper, bills receivable, and exchange rates. It notes New York Clearing House balances, London money, and foreign exchange easing with quoted domestic center rates and telegraphic sents.
MENTIONED IN THIS ARTICLE
Fime
Mercantile
New York Clearing House
Treasury
London
Densand
Cables
Reichsmarks
New York
Boston
Chicago
New Orleans
Savannah
Charleston
San Francisco
St. Louis
London Money Market Quiet as Rates Hold Steady
London reports no material change in loan and discount rates with the Bank of England receiving £100,000 in sovereigns from South Africa. The Stock Exchange was near standstill, Consols steady, and foreign exchange movements irregular while mining shares, bar silver, and Rio Tinto values showed limited activity and declines in some sectors. The London dispatch notes dull American markets and weak copper with Beers facing competition from Pretoria wells.
MENTIONED IN THIS ARTICLE
London Times
New York Times
London
the Times
Bank of England
South Africa
Stock Exchange
Wall Street
Udi
Associated Press
Don
Pretoria
Atchison
Inactive Paris Bourse Faces Weak Tone on June 22
On June 22 Paris trading was inactive and uninteresting with a general weakness except for Turks and industrials. Discount rate stood at 2 percent, 3 percent rentes at 97 francs 25 centimes. London exchange set at 25 francs 14.5 centimes. Berlin also showed stagnation with mixed American news and weak iron shares. London exchange around 20 marks 39.5 percent for settlement.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin
Exchange
Local issues dull but steady the biscuit market gains
Special to The New York Times reports Chicago on June 22 notes dull local issues yet a good tone. The sharp advance of Biscuit preferred shares signals cautious investor optimism amid quiet trading and mild market enthusiasm.
MENTIONED IN THIS ARTICLE
New York Times
Chicago
New York trading dull as March drop fails to affect local markets
Practically no response here as a 5 point March decline on the Eastern Exchange failed to shake local issues. Can was traded weakly with no strong sales. General business desultory. New York exchange shows 35 cents bid 50 cents asked. Time and call loans at 44.6 percent. Transactions list several prominent firms including American Can Metropolitan Elevated National Biscuit Swift & Co and Chicago unions traction with mixed prices and volumes.
MENTIONED IN THIS ARTICLE
New York
Eastern Exchange
New York Exchange
American Can
American Shipbuilding
Chicago Edison
Chicago Pneumatic Tool
Chicago Union Traction
Chicago Telephone Ex div
Metropolitan Elevated Pf
National Biscuit
National Biscuit of
Swift & Co
United Boxboard Pf
Boston Stock Market Quiet With Amalgamated Rally
Boston on June 22 reports a quiet money market with call loans at 34 percent and time loans around 4 5 percent. New York funds show a premium while Amalgamated rises after moderate selling pressure. American Telephone leads activity with brief firming to 142 halting after intraday gains. Dominion Steel and Dominion Coal quoted modestly, market closes slow but under firm undertone.
MENTIONED IN THIS ARTICLE
Boston
Mercantile
New York
Amalgamated
Butte
Heinze
Minnie Healy
American Telephone
Dominion Steel
Dominion Coal
Philadelphia Stocks Drift Low On Dull Trading Day
A quiet Philadelphia stock session produced widespread weakness in the arbitrage list with volume down sharply. Lehigh Navigation rose to 68 while Tidewater Steel gained 4, Susquehanna Steel hit a new low around 15 16, and Rapid Transit fell to 11 as total sales reached 23,444 shares and $39,000 in bonds.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Lehigh Navigation
Tidewater Steel
Rapid Transit
Susquehanna Steel
American Rus. Co
American.Cement
Bell Telephone
Cambria Steel
Wea
Lake Superior
Electric Co. of America
North Amer
Lehigh Valley R. R
Pennsylvania
R. R
Penn
Philadelphia Electric
Philadelphia Co
Phila
Beebh Ure
Atacae Sige
Vreadime
Tidewater Steel Co
United States
United Gas Imp. Co
Union. Traction
United States Steel
Gold Hill Copper
Greene Con
Manhattan Transit
Mont
Boston
N. E. Transportation
Northern Securities Ory
New Orleans
Olay
Otis Elevator
Peoria
Dee
Dee & Evansyv. No Owe Seaboard Air Line
Tennessee
Tonopah Mining Sneere
Union
United
Ss. Light& Heat
White Knob
Hackensack Mead
Aly
Lack Steel Ss
Bos Pa
Decline in International Mercantile Marine Shares Deepens
Outside market dull with few active stocks as International Mercantile Marine slips to 5 in common and 25 in preferred, amid Cunard withdrawal news. The day shows investors withholding, while manipulators push some activity. odd lots drop to 24 1/2 with a 2 1/4 point net loss on the common.
MENTIONED IN THIS ARTICLE
International Mercantile Marine Company
Stock Exchange
International Mercantile Marine
Cunard Line
Transactions in Bonds and Market Notes
Fragmented bond market entry shows listings and bid quotes with various 5s and 4s notes. Includes references to Nashy-So and Wis Ry lines, with percentage marks and rates around 118 percent and 1051 figures. The legible items hint at trading activity and price standings in the bond market.
Ream Elected to BRT Executive Committee
Norman B. Ream has been elected a member of the Executive Committee of the Brooklyn Rapid Transit Company. Company representatives said the addition would materially benefit the board and noted the election came amid ongoing corporate considerations.
MENTIONED IN THIS ARTICLE
Brooklyn Rapid Transit
Norman B. Ream
Brooklyn Rapid Transit Company
Market mixed with bond drop on Newport News line
The Baltimore market showed little movement with Newport News and Old Point Railway bonds dipping to par, seven points below six months prior. Trading totaled 165 stock shares and 27,000 in bonds, with listed prices for Consolidated Gas Un Ry & Elec and Seaboard Ry issues among others.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
Newport News
Old Point
Consolidated Gas
Rys
Eleé. Com
Howard Bank
Seaboard Ry
UN, Rys
Elec
At. C. LI
Wil. & Wedom
Bullion and Mining Prices in London and New York
Bar silver quoted in London at 24% per ounce and in New York at 58 cents. Mexican dollars at NICE. On stock and consolidated exchanges, 1000 Horn Silver at 1.15 cash, 1000 Bullion at .06, 300 Belcher at 8.51, 50 Brunswick at .041, 200 Ophir at 1.85, and other minor listings such as Acacia, Consolidated California, Virginia, Elkton, Leadville, St. Louis, Portland, and Yellow Jacket show varied prices.
MENTIONED IN THIS ARTICLE
New York Times
San Francisco
Best & Beleher
Caledonia
Consolidated Cal
Fu Consolidated Imperial
Og Gould & Curry
Hale & Norceross
Justice
Kentucky Consolidated
Hyath
Lady Washington
Occidental Consolidated
Ewe
Daal
Amiawiva Sme Sons
Sane
Potosi Weee
Om Savage Sted Ahaa - Sag Belcher News A
Sierra Nevada
Seme
Syndicate
SOD AE Eanche
Sai Hess
Ewan
Union Consolidated Ite
Eeee
Utah
Colarapo Springs
Gardner & Co
Andal Nak
Oes
Acacia Attra
Dante Peewee
Elkton
Findlay
Gould
Kerstone
Bessie
Mollie Gibson
Aly
Cenewtes
Aly Wenee
Mary Cashen
Nicol
London
New York
Stock Exchange
Consolidated Exchange
Acacia
Belcher
Brunswick
Comstock
Consolidated
New York Incorporations Reported Across Brooklyn Queens and NYC
Albany June 2. Several companies were incorporated today including Joseph McGee Brass Foundry Company in Queens with $1 240 capital. Alpine Brantkisen and other listed firms with varied capitals. Weller Standat and Eagle Printing Company in New York City. Neckwear Company and Continental Caoutchouc Company in Brooklyn. Realty Company in Brooklyn. Set Publishing Company in New York City. and Renovating Cementing Plastering and Stuccoing Company in New York City. Directors listed per entity.
MENTIONED IN THIS ARTICLE
New York Times
Albany
Joseph . McGee
Willy- Dluml Printing Company
New York City
Wallace Murray
L. D. Spein
Neckwear Company
Ferdinand David
Jayborn
Whitestone
Bery. Gold
New
Tinental Caoutchouc Company
Colonial Coal Company receives charter in Dover
Colonial Coal Company of Pittsburg secures a charter in Dover with $1,000,000 capital to buy mine and sell coal. Incorporators include W. A. Skivington J. L. Pyle H. M. Gross C. A. Biffle J. A. Bowman and Louis Klein. Belvidere Hansom and Carriage Company of Wilmington gains a charter with $50,000 capital to engage in a general carriage business.
MENTIONED IN THIS ARTICLE
New York Times
Wilmington
Del
Dover
Colonial Coal Company
Pittsburg
W. A. Skivington
J. L. Pyle
H. M. Gross
C. A. Biffle
J. A. Bowman
Louis Klein
Belvidere Hansom and Carriage Company
Bid and Asked Quotations for Government Bonds Listed
The document lists bid and asked quotations for government bonds and related securities. It includes multiple issuers, various maturities, and price figures such as 12814 140 and 125, with references to first and second preference and other bond classes.
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