Market Report Shows Mixed Trading on Broad List
Philadelphia stocks slipped in heavy trading while United States Steel and Lehigh Valley moved higher amid overall slower turnover. Electric Storage Battery eased near close and Cramp Shipbuilding rose with gas shares gaining, as 4,022 shares changed hands with bonds steady.
MENTIONED IN THIS ARTICLE
Eval Favthe
Ecue
Viaek 7 Press
Philadelphipas
Je “G
Tenehed
United States Steel
Theo Die
Uel Uportant
Lehigh Valley
Berdie
Te Ol Niled
Market Moods Echo Quiet Peace Prospects and Gold Exports
Foreign news dominates as peace prospects ease tensions and dampen market nerves. A $83.5 million gold export engagement from Paris to London influences London prices while U.S. discounts stay soft. Union Pacific leads gains. iron and steel issues rise. market signals warn of a needed pause to sustain a longer advance.
MENTIONED IN THIS ARTICLE
Russia
Washington
Paris
France
Rome
London
Union Pacific
Pittsburg
Topics in Wall Street shows brisk opening amid Paris and London cues
The market opened vigorously aided by positive signals from London and Paris where prices firmed and advanced. Berlin reports of easing tensions in Morocco aided sentiment as investors absorbed substantial London selling and watched strong gains in Union Pacific Steel preferred Reading St Paul and Pennsylvania. A gold sale in Paris prompted mixed reactions while fears of higher money rates lingered with some expecting easier money to persist.
MENTIONED IN THIS ARTICLE
London
Union Pacific
Steel
Reading
St. Paul
Pennsylvania
Paris
Wall Street
France
Russia
Europe
Tondon Y
N. Yo
Ene Ch'ge
Atchison
Canadian Pacific
St Paul
Beck
Illinois Central
Louis & Nash
New York Central
Southern Pacific
Ss. Steel
Steel Pf
Calendar for Today and Stock Closings
Calendar for today notes books close for Denver and Rio Grande and railroad pre torved stock. El Paso Electric Co National Licorice Co preferred stock also listed for closing.
MENTIONED IN THIS ARTICLE
Denver and Rio Grande
Il Paso Electric Co
National Licorice Co
Seaboard Gets Coal Lands and Line Extension Talks
Seaboard Air Line Railway interests have acquired extensive coal lands near the Big Sandy sources in Southern West Virginia and discuss extending the line to serve them. The group already controls coal lands along the Atlanta and Birmingham Division and the northern reach. A reorganization meeting approved a modified plan by about 85 percent of stockholders and declared it operative, expediting system improvements.
MENTIONED IN THIS ARTICLE
Seaboard Air Line Railway
Big Sandy River
West Virginia
Seaboard Air Line
Seaboard
Atlanta and
Birmingham
Big Sandy
Seaboard Reorganization Committee
Bank of Commerce and National City Bank Shares Trade
Seventy three shares of Bank of Commerce were sold on the Stock Exchange yesterday in small lots at 208 20s. and one hundred shares of National City Bank at seas.
MENTIONED IN THIS ARTICLE
Bank of Commerce
The
Stock Exchange
National City Bank
Seas
Big Increase in Exports Reported by May Trade
The Bureau of Statistics in Washington released May trade figures showing a $22,580,000 rise in agricultural exports and $9,275,144 in manufactured exports, lifting total domestic exports to $1604, with imports up $12,129,946. A separate note details May and eleven months ended May, highlighting raw materials and luxuries among imports.
MENTIONED IN THIS ARTICLE
Bureau of Statistics At
Washington
Money Market Rates and Exchange Dip in Early Trade
Money on call loaned at 2 1/2 percent, closing at 2 3/4 percent, most loans at 2 percent. Time money at 3 percent for sixty days, 3 1/2 percent for ninety days, 3 3/4 percent for six to seven months. Mercantile paper 3 1/2 to 4 percent for short terms, 4 1/4 to 4 1/2 percent for longer indorsed bills. Clearing House exchanges $138,301,143. balances $7,348,044. Sub Treasury debit balance $3,921. Foreign exchange firm with actual business rates for sixty days at 4.8520, demand 4.8725, cables 4.8755. Continental bills around 4.84 to 4.85, francs about 5.18 to 5.157. Reichsmarks, guilders quoted. Exchange on New York: various centers show discounts and premiums.
MENTIONED IN THIS ARTICLE
Mercantile
Clearing House
Sub- Treasury
Reichsmarks
London Market Summary Dampened by Settlement Eve
Money in the market was in moderate demand to meet calls on recent issues including Canadian Northern Railway debentures. Trading on the Stock Exchange opened quiet and nervous before the settlement, with Paris aiding the mood then rallying. Consols dipped but recovered. Americans opened irregular then improved. foreigners and Japanese varied. bullion inflow to the Bank of England totaled £8,000.
MENTIONED IN THIS ARTICLE
London
Canadian Northern Railway
Stock Exchange
Paris
Madrid
Lisbon
Singland
London Closing Quotations for American Stocks
London yesterday closed prices for American stocks with comparisons to New York figures. The report lists changes against the prior New York close, detailing gains and losses across several issues.
MENTIONED IN THIS ARTICLE
London
New York
Irregular German Secu rities and Paris Bourse Hold Mixed Tone
ERLIN June 26 prices on the seca were irregular with most securities weaker amid unsatisfying peace outlook. London exchange 2 marks 47 pfennigs. Discount rates 2 percent short bills 23g percent three months bills. Imperial Bank of Germany weekly: cash in hand down 7 740 0 marks notes in circulation up 30 080 000 marks. Paris June 26 Bourse cheered. Russian imperial tours quoted at 88.05 and Russian bonds 1994 at 502.00. Three per cent rents 971.92 ec. London checks 251.131%c.
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Erlin
Seca
Exchange
London
Imperial Pank
Germany
Treasury
Paris
Lacka Steel
Haze
le S & MS
Leh & W B
iLong
Eve
Lo & Nash
Manhattan
Met
St Gen
Iain Lane
Kuhn
Loeb & Co
K & Ok
K &T
Pac Trust Os
H&p
Top & S
Lory
Allan Coast Line
Bis
Bkly
N. Rap Transit
V & Og
St L
Medlee
Wren
Riv & Gulf
Elw
Veneces
Butt, & P Gen
Gary
SFRR
Stu
Wes Ecepen
Tie San An & Ar P
Hur & Quincy
St S & W
Wei Chi
Pac
Ry UN
Col &S
Va_Tron
Céc Us
Eeeviebeecs
Sane Ter
Southern
Mara Aye
Coke
Ohio
Sodiv
Pitts
Eree
Dul & Iron R
Erie
Erie Penn
West Shore
Register
Ed & M
Wheel & L Erie
Conans City
Ea Eters
Sag Kings Colley
Veen Ee
S & W 2d
Cal Ind
Texas Pac 2d
Inion Pac
Wabash
Cal & I R
St Ry
Bullion and Mining Prices Reported with Mixed Quotes
London silver quoted at .617-166d per ounce and New York at 581%c. Mexican dollars at 45%6c. On Consolidated Exchange, 1000 Black Butte shares at .29, 300 Consolidated California and Virginia at 1.40, 800 Potosi at .13, 400 Sandstorm at .62.
MENTIONED IN THIS ARTICLE
London
New York
Consolidated Exchange
Black Butte
California
Virginia
Potosi
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