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Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 26, 1906

Page

8

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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