Market Recovers After Early Weakness. Sterling Slumps
The stock market opened with severe declines across many issues, then rallied irregularly as short-covering and selective buying pushed some shares back to or above prior close. Copper stocks led losses before Anaconda Copper surged on a day’s dividend increase, while Pennsylvania and Atchison shares rose on favorable earnings. United States Steel faced heavy selling, and total stock turnover exceeded recent days. Money markets saw easy call money, with outflows from San Francisco aid and banks reducing losses to Sub Treasury. Sterling declined, signaling possible gold import postponements until next week as London, Paris, and Berlin faced ongoing factors from the Russian situation.
MENTIONED IN THIS ARTICLE
Amalgamated
Anaconda
St. Paul
Brooklyn Rapid Transit
Union Pacific
Pennsylvania
Atchison
San Francisco
United States Steel
Sub-Treasury
Wall Street
Bank of England
London
South Africa
Paris
Berlin
New York Stock Exchange Trading Report June 26 1906
The New York Stock Exchange notes Tuesday June 26 1906 trading activity with total sales for the day and a comparison to the corresponding date last year. Details on specific securities are not provided in readable form.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
Annual Meeting Calendar for Historic Industrial Firms
Calendar lists close dates and entities including Alabama Iron Co, Alabama Steel and Shipbuilding, Bank of the Manhattan Co, Bankers' Trust Co, Canadian Westinghouse Co, Canton Co, Chemical National Bank, Rhode Island Perkins Horse, Tri City Railway, Western Stone Co, Westinghouse Electric, United States Cast Iron Pipe and Foundry Co. Each item notes corporate activity and generic firm names from the era.
MENTIONED IN THIS ARTICLE
Alabama and Georgia Iron Co
Alabama Steel and
Bank of the Manhattan Co
Bankers’ Trust Co
Canadian Westinghouse Co
Canton Co
Chemical National Bank
Aa Tad Ice
Riveres Railre
Booth National Bank
Ee Machine Co
Awyers’ A Missouri
Rhode Island Perkins Horse
Tri-City Railway
Western Stone Co
Westinghouse Electric and
Ing Co
United States Cast Iron Pipe and Foundry Co
Bullion and mining market notes from London to New York
Bar silver steady in London at 301-16d and in New York at 65c per ounce. Mexican dollars quoted at 50½c. Consolidated Exchange lists active trades: Atlanta 500 shares at .17, Belcher 400 at .21, Bull Frog Nat Bank 500 at .48, Comstock 500 at .18, Consolidated California and Virginia 500 at .70, Chollar 700 at .10, Hale and Norcross 200 at .90, Isabella 300 at .24, Butler 200 at 1.27, Mary McKinney 500 at .50, Mexican 200 at .65, Ophir 400 at 8.75, Indiana Tonoah 1,000 at .30, Potest 1,000 at .09.10, Silver Pick 500 at 21, Work 500 at .10.
MENTIONED IN THIS ARTICLE
Peesewreeee
Allis-Chalmers Co
Allis-Chalmers
Beet Buear Co. Qecseve
Car & F. Co
Cotton Ae
Hide & Leath
Ice Securities
Locomo. Co
Pneu
Smelt. & R. Co
S. & R Go. Pri
Steel Foundries
Sugar Ref. Co
Tobacco Co
Woolen Co Eeree Ee
Woolen Co. Pf
Anacon.Co
M. Co
F. Pf
Atlantic Coast Line
Baltimore & Ohio
Brooklyn Rapid Tran
Brunswick Cit
Buff. & Susquehan
Central Rae
Chesapeake & Ohio
Chicago Great West
Chicago & Alton
West. T
Wears
St. Paul
Chicago & Northw
Erm. Trans. Pr
Chicago Union Trac
Chi. Union Trac. Pf
C. Ae
Colorado Fuel & Non
Col. Fuel_& Iron pf
Colorado & Southern
Col. & South
Ist Pf
Col. & H
Delaware & Hudson
Denver & Rio Gr. Pf
Distillers Securities
Erie
Erie 2d
General Electric
Acee Ee
Havana Electric
Great Northern Pf
Havana Electric Pf
Illinois Central
Internat. Paper Co
Louisville & Nash
Manhattan
Nore Central
St P&s
S.m.pt
MS. Kan
Texas
Oe Ag
Kan
New York Air
New York Central
Chi
Te L
Ont
West
Norfolk & Western
Northern Pacific
Pacific Mail
Pennsylvania R. R
People’s Gas
Chicago
Peoria & Eastern
Pittsburg Coal
Pullman Company
Steel Spring Pf
Rep
Iron & Steel
Iron & Steel Pi
Rock Island Co
Rock Island Co. Pf
St. Louis Et Pr
Sloss-Sh
Southern Baits
Southern Pacific Pf
Southern Ry
Tenn. Coal & Ron
Texas & Pacific . . Si
Tol Texas Pac. Lander
St. L. & W Fee
City R. T
Dwin City
KR. T. Rts
Union Pacific
Union B. &P. Co. Pt
Ona
Vr. S
U. S
London
New York
Consolidated Exchange
Atlanta
Belcher
Bull Frog National Bank
Comstock
Consolidated California
Virginia
Chollar
Hale and Norcross
Isabella
Butler
Mary McKinney
Ophir
Money and Exchange Rates on the Stock Exchange
Money on call loans hovered near 2 to 3 percent with many deals at 2 percent. Time money ranged from 4 to 5 percent across thirty to seven months. Mercantile paper yielded 5 3 to 5 1/4 percent. Clearing houses show exchanges at 304,660,642 and balances at 11,644,498, with local banks down 916,000 since Friday. Sterling exchange remained weak with rates around 4.84 to 4.86. Continental rates quoted for francs, reichsmarks, and guilders, plus varied discounts and premia at domestic centers.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile Paper
Treasury
Sterling Exchange
Continental Exchange
Reichsmarks
Guilders
London Closing Quotations on American Stocks
London closing prices yesterday show American stocks trading near New York levels, with comparisons to previous New York closes. The report lists the day’s results versus New York equivalents, noting minor shifts in several issues.
MENTIONED IN THIS ARTICLE
London
New York
London Stock Market Report June 26 1904
Supplies of money remained plentiful and the Stock Exchange opened cheerfully before general liquidation set in. Consols fell on ins urance selling, foreigners weakened on Paris liquidating, Russians and Kaffirs declined, Americans dull, noon slight hardening followed by further ease. Imperial 1904 closed at 102, bar silver steady, gold premiums Madrid 10.80 Lisbon 4, bullion £58,000 moved today into and out of the Bank of England.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris
Wall Street
New York
Madrid
Lisbon
Bank of England
South America
Imperial Bank of Germany weekly statement changes
Berlin June 26 The Imperial Bank of Germany weekly statement shows cash in hand decreased by 8 1 0s tt Arcee Treas notes declined by 460 000 while other securities rose by 41 62 000 Notes in circulation increased to 80 820 000
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Arevn Se
Arcee Treas
Continental Centres Bourse reports heavy European prices
In Paris on June 26 prices on the Bourse were heavy with Russian imperials closing at 77.45 and Russian bonds of 1304 at 489. Three per cent rentes stood at 06f 7744c for the account. London exchange was 235f 16% for checks. In Berlin trading was stagnant with noted shifts in rail stocks and Canadian Pacific and Baltimore & Ohio movements. London exchange stood at 20 marks 4 pfennigs for checks with discount rates at short bills 8% and three months 3%.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin
Baltimore & Ohio
Canadian Pacific
American Mining Stocks in London Prices
American mining stocks in London yesterday include Camp Bird at 150, Esperanza at 2 percent, Tomboy at 150, Dolores at AOL, Crosses assened 59, Stratton’s indo ir.
MENTIONED IN THIS ARTICLE
Dolores
AOL
Stratton
Banks Must Conform To New Loan Rule In Wall Street
National banks including The Chase National Importers and Traders Chatham Bank face a strict enforcement of a new law limiting loans to individuals and corporates to 10 percent of capital and surplus, with a 30 percent cap of capital. The Controller warned banks to collect or reduce excessive loans, signaling possible capital increases for major banks with large surpluses.
MENTIONED IN THIS ARTICLE
Wall Street
New York City
Chemical National Bank
Chemical
Financial District
Chase National
Chatham
Lincoln
New York County
Second National
Seaboard National
Washington
Steamship Line Set to Start July 8 From Libau
C. B. Richard & Co announced the Russian Volunteer Fleet will begin service on July 8 with the steamship Smolensk sailing from Libau via Rotterdam to New York. The St. Petersburg and the Saratov will follow as regular sailings, with semi monthly service once running.
MENTIONED IN THIS ARTICLE
C. B. Richard & Co
Smolensk
Libau
Rotterdam
New York
St. Petersburg
Saratov
Exchange Offer For Mexican Central Railways Four Year Notes
Mexican Central Railway Company Limited offers exchange of existing obligations for new Four-Year Five Per Cent notes. Exchange basis: for each $5000 Six Per Cent note with January 1 1907 coupon, receive $5000 par in new notes plus $125 cash. for each $1000 Four and One-Half Per Cent collateral bond with February 1 1907 coupon, receive $1000 par in new notes plus $13.33 cash. Limited to $35,000,000 principal and subject to additional security.
MENTIONED IN THIS ARTICLE
Mexican Central Railway Company Limited
Railway
Bank For Handel Und Industrie
Berliner Handelsgesellschaft
Berlin
Also Mentioned on This Page
Spencer Trask & Co
William and
Pine Streets
Albany
N. x
Hallgarten&Co
Bankers
Nassau Street
Investment Securities Foreign Exchange
BRO
Ubankers
Broadway
Cedar St
Maurice C. Sternbach
M. Y. Stock Exchange
Adolphe Hoeland
John
Sternbach & Co
Bankers and Brokers
Wall St
Ira H. Parsons
Bond Dept
Redmond Co
Pine St
N. Whalsey& Co, Bankers
Philadelphia
Boston
Carpenter
William St
New York Stock
Baggot & Co
Fog
GC. H. Venner & CO
Vernam
Charles 0. Crook
Tn Y. Stock Exchange
H. Kissel
Republic OF Cuba
United States
Sutro Bros. & CO
Pireet
We New
York Stock Exchange
Dick & Robinson
Connecticut
RWY. & LT. CO
Clark, Grannis & Lawrence
N. Y
Wall &St
Place
Members of
Alexander, Thomas & Davies
Pine Street
Investment
Baring & CO
Pritece
G Brothers & Co
Middek, Peabody & CO
Bos
Aed Claigy
Capital & Surplus
Nassau ST
the Financial Markets
Oe Co. Pre
Anufactur
Bullion and Mining
the Consolidated Exchange
Cen
Fdy
Ca -Am
Rae
Ss. Sai
Balth& Ohio
Brook, R. Aeathe
Ches. & Ohio
Chi. Gt. West
Col. Fuel & I
Col Southern
Aig
Col. & H.C
Dist
Oat
Eric Seen
Gen. Electric
Inter
Wv Tl
Louis. & Nash
Central
Pacific
Nort. & West
Pressed S. Car
Reading
Rep. Steel
Rep. Steel Pf
Rock Island
Southern Pac
Sry
Texas Pacific
Ace Pacific
S. Rubber
U. S. Steel
U S. Steel Pf
Wabash
Money and Exchange
York
N.Y
Pee Pacific
Sr Aeest
Southern Pacific
U. S- Steel
U. S . Steel of
London Stock Market
Bank OF Germany
Ridgely
The
the Importers and Traders
Chatham Bank
Andrew J. McCormack
Adrian H. Muller & Son
William Street
Veshy Street
American Exchange Natl, Bank
Fulton Trust Co
Lawyers Mortgage Co
Mil
St. Paul Ry
Mtge. & Trust Co
Richard M. Campbell
Richard Campbell
Warren B. Sammis
Weer
American Monthly Review of Reviews
Manufacturers’ Record
Souther
Atlanta, Birmingham& Atlantic Railroad
H. W. Poor &Co
Congress St
Memphis Street Railway CO
Consolidated Mortgage
Audit Company of
Memphis Street Railway Company
Memphis, Tenn
Isidore Newman & Son
Broad Street
Carondelet Street
New Orleans
Mexican Pacific
Railway Company
Tamrico Harbor Company
City of
Bank Fur Handel Und Industrie
Messrs. Hope & Co
Amsterdam
Messrs
J. Henry Schroder & Co
Swiss Bankverein
Basel
Ladenburg, Thalmann & CO
Hallgarten & CO
D Erson
34Th Street
125Th Street
Third AV
148Th ST
Travelers’ Letters OF Credit
Girard Trust
E. B. Morris
W. N. Ely
A. A. Jackson
Co. J. Rhoads
Edwards. Page
Geo. Tucker Bispham
Pittsburgh Company
Guaranty Trust Company
Guaranty Trust Company of
Bilwood City
Penn
Wall Street Journal
NC Guar
Ington & Missouri River Railroad Company
Nebraska
New England Trust Company
Burlington & Missouri River Railroad
Inuam
CMLL
Aiva
Devonshire Street
Mass
D. R. Whitney
Commercial Trust
Exchange Place
Jersey City