Financial Markets Dip as Government Probes Loom
Markets closed weak amid government suits looming against railroad executives and a Senate inquiry into grain-carrying roads. Stocks retreated with Reading and Interborough losing over two points, while Union Pacific fell on rail investigations. London gold rose slightly as sterling demand fell near the import point, and bankers prepared for midyear disbursements.
MENTIONED IN THIS ARTICLE
Senate
Pennsylvania
Reading
Interborough
Union Pacific
Wall Street
Baltimore & Ohio
Norfolk & Western
Chesapeake & Ohio
Southern Pacific
London
San Francisco
Sub-Treasury
Shaw
Londo
Kaffir
Calendar for Today and Corporate Meetings
Calendar notes books close and annual meetings for American Locomotive Chicago Edison P. Lorillard Globe-Wernicke New York Mortgage and Security New York Trust Delaware River Railroad and Bridge Consolidated Traction First National Bank Mechanics and Traders National Bank New York Trust Co Chicago Burlington & Quincy Railroad Electric Storage Battery Co Special meeting J V Sloan & Co table of dividends payable listing and dates for today changes in company calendars
MENTIONED IN THIS ARTICLE
American Locomotive Co
Chicago, Burlington & Quincy
Consolidated Traction Co
New Jersey
Electric Storage Battery Co
First National Bank
Mechanics and Traders’ National Bank
New York Mortgage and Security Co
New York Trust Co
Delaware River Railroad & Bridge
Chicago Edison Co
Globe-Wernicke Co
P. Lorillard Co
J. V. Sloan & Co
Money and exchange rates on the Stock Exchange scene
Money on call loans around 2 3 percent with most at 2 percent, closing at 214 percent. Mercantile paper rates 5 5 percent for 60 to 90 days indorsed bills, 5 5 percent for 4 to 6 months single names, 54 6 percent for others. Time money 4 to 5 percent across various terms. Clearing House reports exchanges 157,689,841 and balances 7,247,846 with $208,639 in Sub Treasury credit. Local banks show losses since Friday, while sterling is weak and domestic/foreign rate quotes appear across multiple currencies.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile
Clearing House
Sub- Treasury
Sterling Exchange
Continental Exchange
Frances
Reichsmarks
Guilders
New York
Boston—Sc
Chicago
New Orleans
Savannah
Cincinnati
St. Louis
CUR Renees
Market Quotes and Stock Prices on Consolidated Exchange
London silver at 301 16d per ounce and New York at 65c. Mexican dollars at 50c. On the Consolidated Exchange, Atlanta 1000 at .17, Chrysolite 500 at .13, Comstock 500 at .18 1/8, California & Virginia 200 at .77, Elkton 700 at .46 to .47, Hale & Norcross 300 at 92, Jim Butler 800 at 1, Mohawk 1.80 for 800, Ophir 250 at 3.85, Overman 300 at .09, Small Hopes 100 at .46, Silver Pick 500 at .21, Standard 50 at 2.75, Work 1000 at .09 to .10.
MENTIONED IN THIS ARTICLE
Eevee Eee
Estaeaeneoer Veneers
Eunenpoen Veneveces
Allis-Chalmers Ovsess
Allis-Chalmers Co. Pf
Amal. Co Or Co
Am. Agri. Ehem. Co
Am. Beet Sugar Co
Am. Car & F. Co
Car & F. Co
Hide & Leath
Ice Securities Co
Locomo
Locomo. Co. Pf
Pneu
Pneu. Serv
Am. Smelt
Steel
Sugar Ref. Co
Am. Tobacco Co. Pf
Am. Woolen Co
Anacon
Cop. M Co
Baltimore & Ohio
Baltimore & Ohio Pl
Brooklyn Rapid Tran
Brooklyn Union Gas
Canadian Pacific
Central Leather Co
Central & L. A. Tel
Chicago Great West
Chesapeake & Ohio
I. T. West. Pf
I. Gt. West
Chi
Mil. & St. Paul
Chicago & Northw
Chicago Union Trac
Cy Laki
Colorado Fuel & Iron
Colorado & Southern
Col. & South
Delaware & Hudson
Denver & Rio Grande
Denver & Rio Gr
Detroit United
Distillers Securities
Dul
BAY
Havana
Hocking Valley
Illinois
Interbor
Internat. Paper Co
Inter
Iowa Central
Kansas City
Lake Erie & Est
Louisville & Nash
Manhattan
St. P
Kan
Texas
Nat. Biscuit Co
Nat. Enam. & Tamp
National Lead Co
New York
National Lead Car Brake
New York Central Eee
N. Y
Chi. & St. L
Ont. & West
Norfolk & Western
North American
Northern Pacific
Ontario Mining
Pennsylvania R. A
People’s Gas
Chicago
Rep
Iron & Steel
Iron & Steel Pf
Rock Island Co
St. Louis
St. Louis Southw
Texas & Pacific Eee
Tol
Ence
Twin City R. T
Wee
Twin City R. T. Rts
Union Pacific
Union Pacific Pf
Uni. Rys. Inv
U. S
Ysao
U. S. Realty & Im. Co
U. S. Red
U S
U Oa Teel
Caeponet
U. S. Steel of
Sosee
Va.Caro. Chemical
Va. Iron , Coal & Coke
Wabash Oe
Western Union Tel
Westinghouse B
Westinghouse
Wheel. & L. E
Wisconsin Central Pf
London
Consolidated Exchange
Atlanta
Comstock
Consolidated California & Virginia
Elkton
Hale & Norcross
Jim Butler
Mohawk
Ophir
Swift & Company beef sales weigh weekly NYC average
Transactions on the Pittsburg Exchange show Swift & Company's fresh beef sales in New York City for the week ending June 28 averaged 7.51 cents per pound.
MENTIONED IN THIS ARTICLE
New York Times
Pittsburg
Swift & Company
New York City
Iron and steel notes on pig iron demand and prices
Scarcity of steel making irons remains a serious factor. Buffalo furnaces supply two thirds of demand with little relief likely before year end. Pig iron inquiries surge and $13.50 is seen as near bottom. International Harvester seeks 25,000 more tons after Birmingham deal. Rogers Brown & Co report large inquiries and orders for third and fourth quarters. demand spans all steel and iron products as buyers hold small stocks and push for prompt deliveries.
MENTIONED IN THIS ARTICLE
Buffalo
International Harvester Company
Birmingham
Rogers, Brown & Co
Pittsburg
Copper Declines in London Market Yesterday
Copper metal fell in London spot and futures with spot at £82 and futures at £80 158, down from Friday’s closing by £1 10s. Pig tin weakened to £2 18s spot and £1 10s futures, at £177 12s 6d and £177 respectively. Lead slipped 1s to £16 12s 6d. Spelter down 5s to £27. Iron warrants weak at standard foundry 40s 7d and Middlesboro 49s 10½d. New York Metal Exchange copper close compared to Friday is noted.
MENTIONED IN THIS ARTICLE
London
Standard Foundry
Middlesboro
New York Metal Exchange
London Stock Market Sees Plentiful Money and Mixed Trading
June 25 London market reports plentiful money and good demand with potential rate hardening due to month end. Discounts firm. France secures small share of gold arrivals. Consols ease on realizations. Home rails fall while foreigners hold. Russians improve. Americans open lower then near parity. Kaffirs weak on settlement differences. Gold and bullion values noted with Madrid Lisbon quotes.
MENTIONED IN THIS ARTICLE
London
France
Stock Exchange
Wall Street
New York
Madrid
Lisbon
Bank of England
London closing quotations for American mining stocks yesterday
London closing prices for American mining stocks were reported yesterday with contrasts to New York closes. Notable readings include Esperanza at 0 15 1 and Dolores at 0 27 9 with Stratton's Indiana near 0 46. The figures show London prices in pounds shillings and pence, mirroring the New York comparisons.
MENTIONED IN THIS ARTICLE
London
New York
Paris and Berlin Bourse Open Firms Move to Heavy Close
June 25 Paris prices on the Bourse rose on Russian advances then fell amid tax worry, closing heavy. Russians 77.55, Russian bonds 1904 at 489, 3 per cent rentes 97f. Exchange to London 201.16. Berlin dull with profit-taking, Russians steady, rail stocks firm, navigation and iron coal shares weaker. London exchange 20 marks 49 pfennigs for checks. Discount rates: short bills 3, three months 83.
MENTIONED IN THIS ARTICLE
Paris
Exchange
London
Berlin
Union Pacific Bonds Convertible Extension Notice
Union Pacific Railroad Co first lien convertible four percent gold bonds extend conversion deadline to July 2 1906. Bonds not converted by then will be redeemed November 1 1906 at a 2.5 percent premium. ALEX MILLAR secretary 120 Broadway New York May 29 1906.
MENTIONED IN THIS ARTICLE
Union Pacific Railroad CO
Union Pacific Railroad Company
Alex. Millar
Broadway
New York
Holders of General Mortgage Bonds formed a minority protection committee
A committee of bondholders acts to protect minority holders of the Manhattan Beach Hotel and Land Company mortgage bonds amid imminent foreclosure. Deposits may be made with State Street Trust Company in Boston or Bankers Trust Company in New York, which will issue receipts upon deposit and agreement execution. Signed June 15, 1906 by Moses Williams, Horatio A. Lamb, and Nograce Bacon.
MENTIONED IN THIS ARTICLE
Barney & Smith Car Company
Darian Ohio
Barney & Smith Car Comy
West Virginia
Dayton
State of Ohio
Guaranty Trust Company
Nassau Street
New York City
Trust Company
James D. Platt
J. F. Kiefaber
Ohio
Houston & Texas Central Railrorted Company
Frederick P. Olcott
Farmers’ Loan & Trust Company of
New York
Southern Pacifico Company
Houston & Texas Central Railroad Company
State Street Trust Company
Boston
Bankers’ Trust Company
Moses Williams
Horatio A. Lamb
Nograce Bacon
Kissel, Kinnicutt & Co
Nassau St
Also Mentioned on This Page
A.b.leach & CO
Farson, Leach & Co
Broadway, New York
Rudolph Kleybolte & Co. Bankers
Pine ST
Philadelphia
Kountze Bros
Rhoades & Company
Bertron, Storrs
Griscom
Bankers
Investment Securities
Lawrence Barnum & Co
Chestnut St
Congress St
W.L. Lyons & CO
New York Stock Exchange
New York Cotton Exchange
New York Produce Exchange
Chicago Board of Trade
Louisville Stock Exchange
Exchange Place
Hodennyl, Mlle & CO
ERS
N. W. Harris & CO
Bankers Pine Street
Corner
William
Boston Bonds
Plympton, Gardiner & Co
New York Stock Exchan Tax Exempt Investments
William St
W.E.R. Smith & Co. Bonds
New Jersey Securities
Broad St
N.W. Halsey & CO
Wal. St
Dominick & Dominick, Bankers
Simon Borg SG Co., Bankers
Brown Brothers & CO
Boston & Baltimore
the Financial Markets
Money and Exchange
Bullion and Mining
Pittsburg Transactions
Cable Consolidated Ee
Consolidated Ice
Harbison Walker
Ptf
Manufaturers' L. & Aeeea
Wees
Nipissing Eeeewe
Ohio Fuel
Union
West Air Brake
West Electric
West Penn
Railway
West Penn. Ry
H. Low
Iron and Steel Notes
Metal Market Reports
Lake Seeewee
Treasury Balances
Washington
Treasury
General Fund
United States
Eee
Eeseeeeetas
London Stock Market
Equiv. Close
Ee Conaols
Atchison
THE
Memphis Street Railway CO
Consolidated Mortgage
Audit Company of New York
Memphis Street Railway Company
Memphis
Isidore Newman & Son
Broad Street
Carondelet Street
Edward W. Sheldon
William M. Kingsley
D. Willis James
Louis Grampton
John A. Stewart
Ee Oeme Capital
John W. Castles
Oscar L. Gubelman
Alexander J. Hemphill
Max May
Foreign Department
WM. C. Edwards
E. C. Hebbard
F. C. Harriman
R. C. Newton
Letters of Credit
Andrew J. McCormack
Adrian H. Muller & Son
William Street
Vesey Street
American Exchange Natl
Bank
Fulton Trust Co
Lawyers Mortgage Co
I Share Chic
Mil
St. Paul
Mtge, & Trust Co
N. J
Mutual Telephone
Ee Pacific R. R
S.y
Union Pacific R. R. Ist
Virginia
Ctfs
Brown Bros. & Co
Central New England
New England
Trust
Central New Eng
Greenwich Bank
Title Guarantee & Trust Co
Guggenheim Exploration Co
New Jersey Mineral Co
Gray National Telautograph Co
Houston & Texas Central Consolidated Mortgage
R. S. Lovett
Manhattan Beach Hotel and Land Company, Limited
Dashwood House
New Broad Street
Walter Spencer Morgan. Burns, Esq
J. S. Morgan and Company
Enrique Camacho Guisasola, Esq
John Dalton Venn
J. P. Morgan & Co
S. Bleichrider
Deutsche Bank
Dresdner Bank
Amsterdam
Lippmann, Rosenthal & Co
Frankfurt
o/M
Frankfurter Fillale der Deutschen Bank
Fillale der Bank Fur Handel Urd Industrie
Deutsche Effecten & Wechsel Bank
Deutsche Vereinsbank
E. Camacho Guisasola
John D. Venn
Notary Public
H. de Pinna
John Venn
Gresham House
Old Broad Street
BE. C. London