Wall Street Investors Puzzled by Market Momentum
Brokers grow disgruntled as predictions fail to materialize and investors face disappointing profits. Market letters once optimistic now see little support with high grade stocks declining and bears not admitting trouble. Rally hopes and election politics loom over railroads and interest concerns shaping outlook.
MENTIONED IN THIS ARTICLE
Bre
Wabash Pittsburg receivers appointed for West Side Belt
F H Skelding president of First National Bank and H W McMasters named receivers for the West Side Belt Railroad by the United States Circuit Court. Bond fixed at 25 000. Wabash Railroad claims 106 000 and 883 000 in bonds mortgaged to Union Trust. road insolvent with 221 miles from Pittsburg to Clairton.
MENTIONED IN THIS ARTICLE
Pittsburg
Penn
F. H. Skelding
First National Bank
H. W. McMasters
Wabash Railroad
Wabash-Pittsburg Terminal Railroad
West Side Belt Railroad
United States Circuit Court
Young
Wabash Railroad Company
Reed, Smith, Shaw & Beal
Pittsburg Terminal Railroad and Coal Company
32 000 More Cars In Use In North America
The American Railway Association reports a fortnightly drop of 32 212 idle freight cars in the U S and Canada as of June 10, lowering idle stock to 349 567 from a peak of 413 338 on April 29. The decline follows three straight improvements with some cars moved from sidings to repair shops. A fifth of the decrease reflects this transfer. The report notes fewer idle box cars used for merchandise and grain, with fewer dockages in coal cars also reported.
MENTIONED IN THIS ARTICLE
United States
Canada
American Railway Association
Stock Declines Amid Bear Attack on Rock Island Frisco
Rock Island stocks and bonds along with Frisco Road shares fell sharply under heavy selling, driven by bear rumors and flood related losses. Official denials stated no loan had been proposed or vetoed by Harriman, and the treasury position of Frisco showed improvement due to bond sales.
MENTIONED IN THIS ARTICLE
Rock Island
Frisco Securities
St. Louis
San Francisco
Frisco
Financial
Rock Island Common
Rock Island Couty
Bond
Wall Street
Wells- Fargo Express Company
E. H. Harriman
Rock Island and
Frisco Systems
Harriman
Frisco Lines
Rock Island Company
Treasury
Oklahoma
Financial reorganizations and new offerings outlined in stock market notes
The notes report Lyon, Munds & Co forming a new stock firm with Vest Munds and Walter Lyon, plus a special partner. A Produce Exchange petition and Coffee Exchange closure are noted. J M Martin & Co dissolves to form Martin & Floyd with new partners. Dominick & Dominick opens a New London branch. Receivers' certificates for Seaboard Air Line Railway totaling 1.3 million dollars are offered at par with redemption options after 1908.
MENTIONED IN THIS ARTICLE
Stock Exchange
Lyon, Munds & Co
J. Nelson Vest
J. Theus Munds
Cotton Exchange
Walter Lyon
Bouldwin
Produce Exchange
Coffee Exchange
J. M. Martin & Co
Broadway
Martin & Floyd
J. M. Martin
The
Alfred Nicolovius
McNicoll Floyd, Jr
Walsh & Floyd
Dominick & Dominick
Griswold
Eastern Point
New London
Connutro Brothers
Trading in Baltimore Seaboard lines dominate market
Seaboard Air Line 4s led prices in Baltimore trading on June 22 rising to 144% while three and ten year 5s gained about 2 points. Bonds and stocks reached the highest levels since receivers were appointed with varied results across issues including Virginia Midland, Consolidated Gas and Detroit United.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
Seaboard Air Line
Shores
Car
Seaboard
Coe Gpsee
Auction of Detroit Toledo & Ironton Notes Planned
Formal steps will be taken this week to settle the large block of Detroit Toledo & Ironton notes held as security for a loan to Kleybolte Co. Hollins interests control a growing share of the note issue. Ramsey Committee growth may give noteholders a majority, complicating Hollins management claims amid potential public auctions of the loan equity.
MENTIONED IN THIS ARTICLE
Detroit, Toledo & Ironton
United States Mortgage and Trust Company
Kleybolte &Co
Hollins
Hollins & Co
Ramsey Committee
Newman F
Erb
Morse Committee of Noteholders
Kleybolte & Co
Roe
Detroit
Toledo & Ironton
Tennessee
Bonds and stocks close with little trading activity
Closing quotations show numerous bonds and stocks with no transactions reported. Prices vary across utilities, railways, banks, and industrials, including Am. Tel. and Beath, New York Central, and Bethlehem Steel, reflecting minor shifts and wide bid ask spreads.
Closing quotations at the Colorado Springs Exchange
The local exchange quoted prices for several securities on June 22 with bids and asks listed. Notable items include El Paso at 31 bid and 85% ask, Portland at 103% bid and 106% ask, Isabella at 1.32, Elkton at 57 bid and 57% ask, Rawlings at 74, and Vindicator and Pantoir figures shown among the listings.
MENTIONED IN THIS ARTICLE
New York Times
Colorado
Springs
Col
Local Exchange
Panto Ir
Isabella
Elkton
Portland
Fl Paso
Vindicator
Rawlings
Yearly profits fund debt service and dividends
The text states that annual profits will cover bond interest, create a sinking fund, pay large dividends on capital stock, and still leave a substantial yearly surplus.
Also Mentioned on This Page
Rock Island Gossip
West Side Belt Road
Wabash Company
Cially
Wells-Fargo
Lts Treasury
Posi
Tion
Ee P. Pr
Ae Cc. Pf
K. C
Ft. S
M. Pt
Adams
Allis-Chalm
Piseka
Lacl. G. Pt
A Os Ee
Ae Shore
Coal
A. C. OQ
Mackay Cos
D. Tel
G. Tw
Man. Co
AH & Ll.Man
L. Co
Am. L. Co
Mor
Marine
Met
St. Ry
Soc
M. Pf
Am. L. Pf
Ieeeier
Phil Vow
Am. Sn. Pf
Am. St. Fd
F. Pf
Canada Sa
St. L
Cent
L. Pf
Y. D. Co. Clr OG
N. Y
N. Hc&sa
Maleke
N .C
J. Tel
Cc. E. al. N
Pac
P. Cc
Gt. W
Peo
PLS
Ees
Eaas
Pitts
C. Pe
R. C
M. & St. Pullman .Co
Palde Ls
Ksil'r
W. R. Sec
St. P
St. Sp
T. T
L& S&s. Pf
Stl & S&s
E. I. Pf
Bt. Il
CF &L St. L
W. Fi
R. Pf
I & Iron
Consol
Tex
Cc. P. R
Tex. C
Cuba
Texas Oat
D. M
Ft. T
Det
U. Ry
U. Pac. Pf
Pan Dare Akas
U. Rys. In
U. R
U. S. Exp
T. H
U S. Leath
W.F. Exp
Central
West, Md
Inger
Rand
L. E
L. E. Int
Aiese
Aiese 13 13 Int
NEW York Vane Railway
Metropolitan Street Railway
City of
New York
General & Coll
Wm. A. Read & Co
Boston
Nassau Street
Chitago
Seaboard Air Line Railway
Davies Warfield
R. Lancaster Williams
Asken
National City Bank of New York
Sutro Bros. & CO
NEW York Stock Exchange
Pine Street
Philadelphia
Chandler Bros. & CO
8Rd
Walnut Streets
Sutton, Strother& CO
Owen Daly & CO
H. A. Orrick
New York City
Willard
William H. Nichols
Langley W. Wiggin
Park Terrell
Mer
Bond Dept
John D. Barrett
Zohnson & Higgins
Muel G. Bayne
Seaboard Nat. Bank
Bert
Bradley
Am. Agricultural Chemical Co
Frederick H. Eaton
Am. Car and
F Nels
James M. Giffo Gifford
Hobbs & Beard
Cohen
Alony
John R. McGinley
Pittsburgh
Charles F. Mathewson
Harmon & Mathewson
General Chemical Co
Augustus G. Paine
New York and Penn, Co
WM. R. Peters
Peters. White & Co
Larence W. Seamans
Resident Union Typewriter Co
Hermann Stelcken
Crossman & Steichen
Arthur Turnbull
Post & Flagg
Arthur G. Yates
Buffalo
Rochester & Pitts
R. R. Co
Texas Portland Cement Company
National Bank of Commerce
Texas Portland Cement Co
Commonealth Trust Co
Dallas
Texas
F. R. Bissell
EF. M. Reardon
American Exchange National Bank of
Missouri
J. W. Perry
J. C. Duke
John Deere Plow Company
F. M. Etherle
Geo. E. Nicholson
Kansas City
West
OLD York Investment CO
Commerce Bilding
Kansas City, Mo
American Woolen Company
American Woolen Company of
Guaranty Trust Company of
M. H. Dwelly, Jr
Mass
Manhattan Company
Manhattan Compan
P. H. Pierson
Sunday Creek Company
American Chicle Company
Henry Rowley
Central Trust Company OF N
York
German Exchange Bank
Imund
Swanberg
D. Olcott
F. L. Barcock
Central Trust Co
W. H. Smidt
Rockland Co
New York Co
Central Trust Company of New York
NEW York Central & Hudson ° River Railroad Company
Edward L. Rossiter
3Rd- Chase Gold Mining Company
Beckley Building
Rochester
B. E. Chase
Chesapeake & Ohio Railway Co
Richmond
Virginia
J. P. Morgan & Co
Finanial
Dhcatur Axtell
Decatur Axtell
San Francisco and New Pacific Railway Co
Mercantile Trust Company
San Francisco and North Pacific Railway Company
Mercantile Trust. Company
Guy Richards
Pamsay- Somervell- Drew Company
Pamsay-Somervell-Drew Company
Ramsay-Somervell-Drew Company
Strauss & Anderson
Borough of
Manhattan
City of New York
Chas
Somervell
Noe LE Moyne Drew
E. Anderson
Tilly Foster Iron Mines
Rector Street
F . F. Graham
American Telephone and Telegraph Company
Manhattan Trust Company
Sears
WM. R. Driver
Wall St
American Telephone and 1 Telegraph Company
United Pee and Electricompany
Yeskey City
N. J
S&s Sweetland
National Butchers and Drovers Bank
WM. H. Chase
Bank OF America
trans_ books
W. M. Bennet
Cashier
Seaboat National Bank of the City
CC. Thompson
Hianover National Bank
Lmer E. Whittaker
National Helmet Company
Par Place
G. F. D. Trask
GEO. C. Flint CO
Herbert Belknap
H. D. Comb Company
Milton Dammann
AD Samuel
Fifth Avenue
Farmers’ Loan and Trust Company
41St Street
Franklin Society
Banking Department
A. H. Franklin Society
Beekman St
Fulton
Lawyers Title Insurance & Trust Company
Liberty Street
Montague Street
Brooklyn
New York Realty Owners Co
Fifth AV
Ats
U. S. Steel
Pierre la Pierre
Charles Head & CO
Broad St
Glen Ridge
A. B. A. Wood
Washington Trust T Company
Postalgior
Wheeling and Lake Erie Railroad Co
Brown Brothers & Company
Maitland, Coppell & Company
William Street
Emigrant Industrial Savings Bank
Chambers St
Board of Trustees
Thomas M. Mulry
John J. Pulleyn
Manhattan Savings Institution
Joseph Bird
Frank G. Stiles
CONSTANT M._ BIRT
East River Savings Bank
N.Y
Entitier
Juline Dicks&s. R. Msay
Chas. A. Whitney
North River Savings Bank
34Th St. Bet
Semuel D. Styles
Frederick N. Cheshire
Charles F. Turton
H. F. Hutchinson
L. A. Stuart
NEW York Savings Bank
N.ow
Sth Avenue
Ails
William Flsinger
James L. Wandti
Archibald M. Pent PZ
Union Dime Savings Institution
Tth Avenue
Greeley Square
Charles. E. Spragte
Francis M. Leake
William G. Ross
Greenwich Savings Bank
E. Cor
6Th Ave
James Quinlan
Charles M. Dutcher
Trease R
J. Hampden Roge
Prancis M. Bacon, Jr
Dollar Savings Bank
Third Avenue
Jule
Ana Troma
Denisus Mace
John Haffen
WM. M. Kern