Topics in Wall Street Bond Market and Interest Rates
A leading banker weighs prospects for bonds and stocks amid a dull market. He cites idle money as a potential spark for bond and investment activity, notes possible stock gains after conventions, and discusses the impact of an extra July holiday on trading and bank funding costs.
MENTIONED IN THIS ARTICLE
Financial District
Exchange
National Banks
Associated Trust Companies
Ramsey Committee Control Sparks Notes Sale Battle
The Ramsey Committee and Hollins interests dispute control of about 3.4 million dollars in Detroit, Toledo and Ironton Railroad notes. An auction sale tied to 1.208 million dollars held by the United States Mortgage and Trust Company was enjoined amid claims that ex-President Cumming promised to deposit the notes with Ramsey.
MENTIONED IN THIS ARTICLE
Detroit, Toledo& Ironton Railroad
United States Mortgage and Trust Company
Kleybolte & Co
Ramsey Committee
Cumming
Mortgage and Trust Company
Rumsey Committee
Detroit, Toledo & Ironton Hollins & Co
Hollins & Co
H. B. Hollins & Co
Newman Erb
Ramsey
Erb
Hollins
Mr. Cumming
Iron and Steel Notes Show Uneven Demand Shifts
The Iron Age reports a modestly brighter tone in steel with some branches booking more and foundry iron moving on the East Coast and New England. Rail orders for repairs rise, Western trunk lines place track work, and demand strengthens for agricultural machinery as tube mills run near half capacity.
MENTIONED IN THIS ARTICLE
Iron Age
New England
Seaboard
Central West
Chicago
Youngstown Sheet and Tube Company
Pacific Coast
Iron Trade Review
Mining Stock Notes and Prices From Western Mint Regions
The report lists mining stocks and prices across Tonopah Belmonts Goldfield and Goldfield C M June 24 figures show Hale & Norcross Potosi and Yellow Jacket among traded names with values around fractions of a dollar, premiums and telegram quotes. several operation names appear including Imperial Grown Point and Original Bullfrog reflecting market activity in western mining districts.
Local Exchange Quotes Include CityPrices and Ledger Notes
Special to The New York Times reports Colorado Springs daily quotations from the local Exchange with bid and asked prices for Dante Isabella EST Lily Elkton Portland El Paso Rawlings and other listings. Trading figures show varied levels across securities and markets in a brief, numeric snapshot.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Dante
Tsabella
Lily Elkton
Portland
el Paso
Rawlings
Business notes and corporate moves across several firms
President E T Bedford heads to Chicago for Corn Products Refining. Guggenheim Exploration adjourns its annual meeting to Aug 25. Charles E Quincy Co opens York Harbor branch under John W Howell. Ulman Co to open Watch Hill branch under David M Cory. Detroit Toledo & Ironton note sale of 1.2 million dollars enjoined and rescheduled. Nudge E H Gary inspects US Steel Plant in Gary Indiana. American Cigar Co reorganizes Silenberg & Co in New Jersey with former leaders at helm. Redmond & Co offers 11 712 million Manhattan Railway bonds in exchange for Metropolitan Elevated Railroad first 6s with cash and interest adjustment.
MENTIONED IN THIS ARTICLE
Guggenheim Exploration Company
Charles E. Quincy & Co
York Harbor
John W. Howell
Ulman & Co
Watch Hill
R. 1
David M. Cory
Detroit
Toledo & Ironton
Nudge
E. H. Gary
Chicago
United States Steel Corporation
Gary
Ind
American Cigar Company
Silenberg & Co
New Jersey
Redmond & Co
Manhattan Reilwer Company Consolidated
Metropolitan Elevated Railroad Company
Manhattan Railway Company Consolidated
First
National Butchers and Drovers Bank
New York
WM. H. Chase
Michigan Central Railroad CO
Grand Central Station
N. Y
Charles F. Cox
Seaboard National Bank of the City
C. Thompson
East Ee National Ba} Bank
York
E. Newell
Alternational Paper Company
E. W. Hyde
Hudson Realty Company
Broadway
Samuel E. Jacobs
The
Market and Futon National Bank
Tt. J. Stevens
European Markets Endures Dull Trading Across Major Centers
In London on June 24 money was plentiful and discounts steady as stock exchange trading remained quietly steady. Consols and gilt-edged securities were dull while foreigners stayed firm. American securities firm but weak after New York opened. Grand Trunk traffic rose prices. Paris and Berlin markets showed firmness and dullness respectively with minimal price changes.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
New York
Wall Street
Chesapeake Ohio
Union Pacific
Grand Trunk
Foreign Public Securities Quoted Yesterday
Yesterday's quotations show European state and municipal securities with bids and asks. German consol and Bavarian Government notes appear with varied bid and ask prices, along with Saxony Hamburg Cologne Munich Augsburg Frankfort and other city issues. International bonds include Mexican Russian French British government issues and various local securities, reflecting a diverse market.
MENTIONED IN THIS ARTICLE
City of Augsburg
City of
Frankfort
Consol
London closes mixed on American stocks with New York parity
London yesterday reported closing prices for American stocks with comparisons to New York closings. Notable items include Anaconda Copper, Canadian Pacific, Union Pacific, U S Steel and U S Steel preferred stocks, with several showing slight gains or losses against the New York equivalents.
MENTIONED IN THIS ARTICLE
London
New York
Lon- N.Y. WN
Netdon
Equiv
Ch'ge
Alcchis
Isle Ans
Canadian Pacific
St. Paul
Erie
Central
Louis. & Nash
Mining stock quotations in London market yesterday
Quotations for American mining shares reported in London show Camp Bird at 0 13 0, Esperanza 17 6, Tomboy 1 12 6, Dolores 0 15 0, and Stratton's Ind 0 16, with El Oro noted as "see eeed" and other figures presented in pounds, shillings, and pence.
MENTIONED IN THIS ARTICLE
London
Camp Bird
Esperanza
Tomboy
Dolores
el Oro
Stratton’s Ind
Cotton Market Shows Steady Prices Amid Light Activity
The cotton market closed steady with a small net gain as 125000 bales were traded. Futures ranged with June to January contracts and local spot prices held at 11.80 cents for middling upland and 12.05 cents for middling Gulf. Southern markets varied from Galveston to Memphis in quiet trading.
MENTIONED IN THIS ARTICLE
Sotee Ie
Gulf
Galveston
Norfolk
Augusta
St. Louis
New Orleans
Memphis
Chicago Stocks Edge Up as Telephone Leads Trading
Chicago trading opens with Chicago Telephone shares rising to 151, up a point from yesterday. National Biscuit preferred gains 14, while other prices hold steady. Notable moves include Chicago Pneu Tool and Sears Roebuck preferred among several price changes.
MENTIONED IN THIS ARTICLE
New York Times
Chicago
National Biscuit
American Can
Booth & Co. Pf
Mil. & Chi. Brew
Nat. Biscuit
Sears-Roebuck
Street’s
Swift & Co Ene
United Boxboard
Seer
Dividends Declared by Electric Storage Battery
The Electric Storage Battery announced quarterly dividends on its common and preferred stock. The rate is percent on each issue, compared with one percent in the prior quarter and with one and a half percent six months ago.
MENTIONED IN THIS ARTICLE
Electric Storage Battery Co
Allegheny Avenue
198Th Street
Philadelphia
Penn
Walter G. Henderson
Canada Southern Railway CO. Co
Grand Central Station
Charles F Cox
Also Mentioned on This Page
Denver
Ramsey Men Hall Tronton Note Sale
Posit Securities
Ramsay Committee
New York City
Seane
ROW
Pittsburg Transactions
Pittsburg
Crucible Steel
Ind. Brewing
Tritle
Jpitts
Pittsburg Con
iRiver Coal Co
U. S. Steel
Westingh
Pitts. Brew
River Coal
Iron and Steel Notes
San Francisco
Ing
Alpha-Con
Peate S.att
Ucese
Beioner Sc Shsws
Best & Belcher
Preeti Ular de Aia Oy Caledonia
Tonopah
Belmonts
Golden Anchor
Jim. Butler
McNamara
Midway
Awese Fond Aos
PERS
Earn Erie
Goldfield
Diamondfield
Eis
Hale
Norcross
Calene
ICRA
Potosi
Beloner
Sierra
Telegraph
Goldfield C. M
Montgomery Mtn
Financial Notes
E. T. Bedford
Corn Products Refining Company
Buffalo & Susquehanna R. R
Gulf & Ship Island
R. R
Keystone Telephone Co. of
Phila
Kansas City Viaduct & Term
S. Coupon No
St. Louis, Rocky Mountain & Pacific Co
Fisk & Robinson
Cedar Street
Chicago & Alton Railroad CO
F. H. Davis
Lawyers Title Insurance& Trust Company
Title Department & Trust and Banking Department
Brooklyn
Montague Street
Manhattan
Edwin W.W. Coggeshall
Louis V. Bright
Thorwald Stallknecht
Archibald Forbes
David R. Ogden
Geo. F. Butterworte
Momont Clarke
Edwin W. Coggeshall
William A. Day, William P. Dixon, Julian D. Fairchild
John T. Lockman
Henry Morgenthad, James N. Wallace
Hornblower & Weeks, Bankers & Brokers
Boston
West 43D Street
State St
Providence
Newport
Monroe St
Hartford
New Haven
Paris
Reutes
Berlin
Foreign Public Securities
Chicago Stock Market
Franklin Society
HE Franklin Society
Beekman St
Farmers Loan and Trust Company
New York Stock Exchange
Mark T. Cox
Edgar.l. Marston
John W. Hamer
W. Emlen Roose West
Henry K. Pomroy
Strong
Cadwalader
United States Express CO
C.A
Hotel
St. James
W. 45Th St
Ats
New York Realty Owners Co
American Silk Company
American Sil Company
Oancratioa
Knickerbocker Trust Co
Q. M
26Th Street
Gray's Ferry Road
F. G. Hodgson
U. S. Army
Cartermaster
Ft. Totten
Ft. Totten, N. Y
Banks and Trust Companies
New York Times Weekly
Financial Review Next Mon
City of New York
Manhattan Company
D. H. Pierson
Kansas Type Railway Oo
Broad St
R. B.bperry
New York, Ontario & Western Railway
New York, Ontario & Western Railway Company
R. D. Rickard
Peoples Bank
William Milne
German Exchange Bank
Edmund
Pais Berg
Vasnier
Garfield National Bank
Twenty-third St
Sixth Ave
W. L. Douglass
Fourth National Bank
Proximo
Charles H. Patterson
Columbia Bank
Fifth Avenue
Ees Forty-second Street
W. 3
Griffith
United Traction and Electric Company
Jersey City
N. J
Ae Sweetland
Bank OF America
Board of Directors
W. M. Bennet
Cashier
Hanover National Bank
Elmer E. Whittaker
William
Thomas
Ington Ave
TER
R. Ebert
Seamen’s Bank For Savings
Savings Bank
Daniel Barnes
George M. Halsey
NEW York Savings Bank
N. W. Cor
14Th St
8Th Avenue
William Fellinger
James L. Wandling
Archibald M. Pentz
Union Dime Savings Institution
6Th Avenue
Greeley Square
Charles EF. Sprague
Francis M. Leake
William G. Ross
Empire City Savings Bank
West 125Th St
Isaac A. Hopper
Arthur T. Timeson
Greenwich Savings Bank
E. Cor
6Th Ave
16Th St
James Quinlan
Dutcher, Treas’r, J. Hampde
Francis M. Bacon, Jr
Dollar Savings Bank
John Haffen
WM. M. Kern
Cowperthwait Bedding Co
Park Row
WM. H. Ammerman
Str
Long Island Trust Companies
Long Island Loan and Trust Company
Tuma Tan
VuUlit
Mount Vernon Trust Company
Mount Vernon, New York
United States Trust Company
Peter Otten
Peter
Clinton Avenue
Bronx
Pierre la’ Pierre
Char Head & CO
N. Y. City
Chambers St
Board of Trustees
Thomas M. Mulry
John J. Pulleyn
the Manhattan
Joseph Bird
Frank G. Stiles
Constant M. Bird
North River Savings Bank
34Th St. Bet
Sth
Sameel D. Styles
Frederick N. Cheshire
Charles F. Turton
TEN Century Bank
WPCC
Eee
Dve
Undivided
State of New York
County of
Hnarden L. Crawford
Stanley Mitchell
Century Bank
6Th Av
Borough of
Superintendent of Banks
Harden L. Crawford
C. Stanley Mitchell
Notart
H. Parles
the Germania Bank OF the City OF
County of New York
Charles A. King
Loftin Love
Germania Bank
Bowery
E. T_ FUESS
New York N O
Fourteenth Street Bank
Perofita
R_ ROSS APPLETON
Louis V. Ennis
East Fourteenth Street
R. Ross Appleton
Juhe
Robert Roy, Jr
Kings'County
New York County
Yorkville Bank
Vatalta
R. van der Emde
Richard H. Adams
Henry Diedrl
WM. L. Frankenbach
Ernest Wolkwitz