Financial Markets Endure Broad Selloff As Bears Dominate
Stocks fell sharply amid widespread liquidation with major names like St Paul Union Pacific New York Central Northern Pacific and Great Northern dropping two points or more. The market closed near day’s lows as call money rose and sterling weakened while railroad earnings and iron and steel orders remained strong.
MENTIONED IN THIS ARTICLE
Stock Exchange
Standard
St. Paul
Union Pacific
New York Central
Northern Pacific
Great Northern
Ontario & Western
Pacific Coast
London
Trade Review of Authority
Iron and Steel
New York Stock Exchange Update Unlisted Stocks June 27 1906
From last sale data on the New York Stock Exchange for Wednesday June 27 1906 unlisted stocks are shown by 100 share lot blocks reflecting market activity and pricing patterns on the day.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
Calendar for Today Dividends and Meetings Noted
Calendar items list several corporate actions including dividends payable and annual meetings. Companies named include Boston Consolidated Gas Co National Biscuit Co New Amsterdam National Bank Revere Rubber Co Crucible Steel Co American Car and Foundry Co Cramp Ship and Engine Building Co Dominion Iron and Steel Co Pere Marquette Railroad Utah Apex Mining Co and Freeman Realty Co with a special meeting noted.
MENTIONED IN THIS ARTICLE
Boston Consolidated
Gas Co
Great Northern Paper Co
National Biscuit Co
New Amsterdam National Bank
New England Gas and Coke Co
Revere Rubber Co
India One Chemical Co
Chicago, Indianapolis & Louisville Railroad
Crucible Steel Co
American Car and Foundry Co
Cramp Ship and Engine Building Co
Dominion Iron and Steel Co
Pére Marquette Railroad
Terre Haute Light and Traction Co
Utah
Apex Mining Co
Freeman Realty Co
Five Railroads to Settle Hocking Valley Purchase Today
J P Morgan & Co to receive payment totaling 7 270 410 eight percent notes for financing a majority of Hocking Valley Railway stock. Five railroads including Panhandle Pittsburg Cincinnati Chicago and St Louis Baltimore and Ohio Chesapeake and Ohio Lake Shore and Erie will settle today with Panhandle paying about 2 420 000 and the others around 1 200 000 each.
MENTIONED IN THIS ARTICLE
J. P. Morgan & Co
Hocking Valley Railway Company
Hocking Valley
Pittsburg
Cincinnati
Chicago & St. Louis
Baltimore & Ohio
Chesapeake & Ohio
Lake Shore
Erie
Panhandle
New York Ontario & Western Declares Dividend Increase
The New York Ontario and Western Railway directors declare a 2 percent dividend, up from 1.5 percent, citing last year’s earnings. The rise benefits the New Haven line due to WAs stock holdings, adding about $522,000 to its income for the year.
MENTIONED IN THIS ARTICLE
New York, Ontario & Western Railway Company
New York
New Haven & Hartford
New Haven
Trading in Baltimore Market Slumps Across Sectors
The Baltimore market shows neglect with nearly no demand and sagging prices. Houston Oil common falls a half, Maryland and Pennsylvania income bonds drop to 67 percent, Seaboard 10 years rises 1 percent to 102, Breweries 4s dip 4 percent to 2, Alabama Coal and Iron Ss down 4 percent to 94. Stocks and bonds trade with notable declines and limited activity.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
Houston
Maryland
Pennsylvania
Seaboard
Alabama Coal and Iron Ss
H. Low
D. & Penn
Charleston Con. el
St. Ry
Wash
Norf. Ry
Lt. Os
Ala, Coal & Iron Bs
Breweries
Breweries Incom
Ala
Coal & Iron Ps
Con. Gas
George’s Ck. Coal & I
Money on Call and Exchange Rates of the Market
The report lists money on call at 3 percent, time money from 4 to 5 percent across various terms, mercantile paper at 5 to 6 percent, and a Clearing House total of exchanges 29,388,685 with balances 13,263,042. Local banks show a Friday-to-Friday loss of 839,000 while sterling is weak and domestic exchange quotes vary by center with several parities and discounts noted.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile Paper
Clearing House
Sub- Treasury
Sterling Exchange
Continental Exchange
Reichsmarks
Guilders
New York
Boston
Chicago
New Orleans
Savannah
Cincinnati
St. Louis
Charleston
Market Quotes and Share Prices Across Exchanges
Bar silver prices in London and New York, Mexican dollars at a per unit rate. On the Stock Exchange 500 Comstock shares traded at .18. Consolidated Exchange shows 4,000 Atlanta shares at .18% and various other listings including Belcher, Best and Belcher, Comstock, Goldfield, Gold Anchor, Jim Butler, Lone Star, Montgomery Mountain, Ophir, Pharmacist, and Savage with prices ranging from fractions to dollars.
MENTIONED IN THIS ARTICLE
London
New York
Stock Exchange
Comstock
Consolidated Exchange
Atlanta
Belcher
Best & Belcher
Jim Butler
Lone Star
Montgomery Mountain
Ophir
Savage
London Market Marks Firmer Tone Amid Gold Export Fears
Money demand was strong in London with rates a shade easier for discounts while American and Continental exchanges drew close scrutiny due to fears of gold exports. Stock Exchange trading showed a firmer tendency as settlement fears eased and quotations strengthened with limited volume. Consols ad
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Consols
Market mixed on repurchases amid thin after New York cues
Afternoon trading showed sharp gains on repurchases while home sales benefited from investment activity. Foreigners and Kaffirs steadied, Americans held firm, and Atchison Topeka and Santa Fe attracted funds on strong earnings and dividend rumors. Prices eased after New York opened, copper shares followed metal, and precious metals quotes remained steady with bullion movements noted.
MENTIONED IN THIS ARTICLE
Atchison
Topeka
Santa Fé
New York
Madrid
Lisbon
Bank of England
South America
London closes with American stock price comparisons
Closing prices in London yesterday compared American stocks with their New York equivalents and the prior New York close. The report notes how shares in key U.S. companies moved relative to their London listings and prior activity.
MENTIONED IN THIS ARTICLE
London
New York
Prices Rise As Russian Rulers Confidence Lifts Markets
Paris notes show stocks firm at close with Russians firmer on speculation a ministry shift is imminent. Russian Imperials trade around 77.75, 1904 bonds at 489.00, 3 percent rentes near 96 francs 90 centimes. London exchange stands at 25 francs 16.5 centimes for checks.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin Stock Tone Improves on Easy Monthly Statement
The Boerse opened firmer with the American rails holding steady. Exchange to London at 20 marks 48% pfennigs for checks, discount rates set at 3 1/4% for short bills and 3% for three months’ bills.
MENTIONED IN THIS ARTICLE
Berlin
London
American Mining Stocks in London Prices
American mining stocks in London yesterday included Bee Camp Bird at 150 Esperanza 817 Tomboy 150 Dolores 276 El Oro 159 and Stratton's Ind 6 with prices in pence.
MENTIONED IN THIS ARTICLE
London
Esperanza
Tomboy
Dolores
el Oro
Stratton’s Ind
Interborough-Metropolitan listing expands security holdings
The stock exchange admits Interborough Metropolitan Company stocks and bonds to listing. It discloses merger holdings of 357,082 Interborough shares 422,846 Metropolitan shares and 289,171 Metropolitan Securities shares valued at $75 each. Also listed are other rail and utility securities and large mortgage bonds.
Some Coal Mines To Close For July 4 Period
Wall Street traders reacted to notices from several anthracite roads that mines would shut down over the Fourth of July, with Reading Coal and Iron planning a first week of July closure due to weak orders and steam coal stock. Ontario & Western and Lehigh Valley planned brief suspensions, while Lackawanna faced smaller declines. Market sentiment expected shorter summer curtailments amid labor shortages following a recent mining strike.
MENTIONED IN THIS ARTICLE
Wall Street
Lackawanna
Philadelphia
Philadelphia and Reading Coal and Iron Company
Reading Company
Reading
Ontario & Western
Lehigh Valley
Copper and tin rise in London market trends
Copper closed 12s 6d higher spot and £1 up for futures in London. Spot copper 81 17s 6d, futures 81. Pig tin gains 11 5s spot and £1 10s futures to 177 and 176 5s. Lead steady at £16 12s 6d. Spelter firm at £27. Iron warrants firm at 48s 10d standard foundry and 0s 14d Middlesboro. New York metal exchange prices shown vs previous day.
MENTIONED IN THIS ARTICLE
London
Standard Foundry
Middlesboro
New York
Biol
Equal Tax On All Stocks Under New State Law
After a Stock Exchange meeting the notice from George W. Ely, secretary, states the tax on stock sales is now 2 cents per share regardless of par value. The amendment clarifies the law following a previous court ruling upholding its constitutionality.
MENTIONED IN THIS ARTICLE
Board of Governors
the Stock Exchange
George W. Ely
Exchange
Court of Appeals
Ely
Tax Department
Auction Results and Widely Varied Bond and Stock Sales
Securities disposed at auction yesterday at the Exchange Salesroom 14 16 Vesey Street Adrian H Muller and Son auctioneers include 50 shares American Exchange National Bank at 100 each 250 price 3 shares Lawyers Mortgage Company at 100 each 188 percent and 1 share Chicago Milwaukee and St Paul Railway preferred 100 each 184 percent 3 shares United States Mortgage and Trust Company 100 each 450 percent plus multiple blocks of Bowling Green Trust Company Westchester Trust Company and Adams Express Company with varied prices and a portion of estate of Richard Campbell involving Rich ard M Campbell deceased with sale subject to Warren B Sammis interest. Also 50 shares Washington Mutual Telephone Company 100 each plus 450 per share 2000 Union Pacific Railroad first mortgage bonds 4 percent due 1947 and other listed holdings in multiple firms.
MENTIONED IN THIS ARTICLE
Tee
Allis-Chalmers Co
Allis-Chalmers Ng Pf
Amal
Coper Eas
Bos. Am. Agri. Cthem
Beetmins Co
Hide & Leath
Linseed Co
Smelt. Pt
Am. Tel. & Tel. Oc
Am. Tobacco Co
Am. Woolen Co
Atlantic ‘Coast Line
Baltimore & O
Baltimore & Ohio
Pr. A 'Ae
Brooklyn Rapid Tran
Canada Southern
Canadian Pacific Ec
Central Leather Co
Central R. R
Chesapeake & Ohio
Ant
Chicago & Alton Pf
Chi
East Ill
Chicago Great West
Gt. West
Mil. & St. Paul
Col. & South
Ist Ag
Col. & Aee Oo
Gfe
Col. & H
Erie
Erie Ist
Pf Wessens
Fed. Min. & Smelt W
Fed. Min. & Smelt
General Electric
Great Northern
Havana Electric
Hocking Valley
Hocking Valley Pf
Illinois Central
Internat. Power Co
Kansas City South
Knick. Ice
Chicago
Louisville & Nash
Manhattan
St S Fae
Kan
Texas
Tex
Missouri Pacific
Nat. Enam. & Stamp
Nat. Lead Co
New York Air Brake
New York Central
St. L
Norfolk & Western
Northern Pacific
Pacific Mail
Pennsylvania
R R
People’s Gas
Eaeo
Peoria & Eastern
Pittsburg Coal
Pressed Steel Car
Pressed Steel Car Pt
Steel Spring
Rep
Ron & Steel
Iron & Steel
Rock Islan
Aegee Co
Pf. Ty
Hopes
Southern Ry
Eas
Gia
Tenn. Coal & Iron
Texas & Pacific
Third Avenue
Toledo & Light
Ten
West
Ue W. Pt
Twin City
Twin
Union Ba
Union B. G
Reig
Union Pacific
United Rys
Ares Eee
U. S
U S
S. Steel
C S. Steel
Vandalia R R
Va.-Caro. Chemical
Va.-Caro. Chem. Oes
Eee
Va. Iron, Coal
Vulcan Detinning Pf
Sere Eerene Eseve
Aly i
Wabash
Wabash Oen
Baics Tel
Ate
Owe
Nets
Wisconsin Caatint
Wisconsin Centra! Pf
Stock Exchange
Interborough-Metropolitan Company
Exchange
Interborough
Metropolitan Street Railway Company
Metropolitan Securities Company
Metropolitan Street Railway
Metropolitan Securities
Subway Realty Company
New York & Queens County Railway Company
Rapid Transit Subway Construction Company
Pace
Pelham Park Railway
City Island Railroad Company
New York & Long Island Railroad Company
New York & Long Island Traction Company
Long Island Electric Railway Company
Interborough Company
New York City Railway System
Stock Exchange Committee
New York City Railway Company
Board of Governors
Hsting
Interborough Metropolitan Company
Pittsburg, Fort Wayne & Chicago Railway Company
Chicago, Milwaukee & St. Paul Railway Company
Michigan State Telephone Company
Consolidated Indiana Coal Company
Chicago & Western Indiana Railroad Company
Republic Iron & Steel Company
International Traction Company
Bethlehem Steel Corporation
Vesey Street
Adrian H. Muller & Son
American Exchange National Bank
Fulton Trust Company of New York
Real Estate Trust Company
Lawyers Mortgage Company
Chicago, Milwaukee & St. Paul Railway
United States Mortgage and Trust Company
Richard M. Campbell
Richard Campbell
Warren B. Sammis
IV Us
Washington Mutual Telephone Company
Washington, N. J
Union Pacific Railroad
Westchester, Trust Company
David Stevenson Brewing Company
Bowling Green Trust Company
Adams Express Company
Hanover National Bank
Yoakum Buys Texas Mexican Railroad for Rock Island Frisco
B F Yoakum and partners acquire the 161 mile Texas Mexican Railroad from the National Railway Company of Mexico. It will be operated as part of the Rock Island Frisco system.
MENTIONED IN THIS ARTICLE
Yoakum
Austin
Texas
B. F. Yoakum
National Railway Company of Mexico
Cleveland and Marietta Railway Bond Sale Notice
The Cleveland and Marietta Railway announces first mortgage bonds totaling $12 500 will be purchased for the sinking fund on July 1 1906 from the lowest bidders at or below par and interest Sealed proposals to sell bonds must reach The Farmers’ Loan Trust Company New York City by noon Saturday June 30 1908. T H B McKnight Treasurer.
MENTIONED IN THIS ARTICLE
Stats Street Trust Company
Boston
Bankers’ Trust Company
New York
Moses Williams
Horatio A. Lamb
Horace Bacon
Kissel, Kinnicutt & Co
Nassau St
Cleveland and Marietta Railway Company
Pittsburgh
Farmers’ Loan & Trust Company
New York City
T. H. B. McKnight
Treasu
Windsor Trust Co appoints J A Young as president
J A Young head of Windsor Trust Co was elected president yesterday to succeed the late Justice Charles H. Van Brunt. The company reports total assets around 13 million dollars and deposits over 12 million, reflecting a rise of more than 4 million in the past year. Directors also declared a semi annual dividend.
MENTIONED IN THIS ARTICLE
J. A. Young
Windsor Trust Co
John Alvin Young
Windsor Trus Company
Sinc
Charles H. van Brunt
Also Mentioned on This Page
Brown Brothers & Co
THE
New York, Philadelphia & Boston
A.b.leach & CO
Farson, Leach & Co
Broadway, New York
Rudolph Kleybolte & Co. Bankers
Intererivate
Pine ST
Fisk & Robinson
City of New York Bonds
Cedar Street
State Street
Kountze Bros
John Harsen Rhoades, Jr
Richmond Hoxie
Rhoades & Company
Henry Clews & Co
Enders Road ST
N. Stock Exchange
Ly Financial
Lawrence Barnum & Co
Bankers
Chestnut St
Congress St
W.L. Lyons & CO
New York Cotton Exchange
New York Produce Exchange
Chicago Board of Trade
Louisville Stock Exchange
Exchange Place
Broadway
N. W. Harris & CO
Bankers Pine Street
Corner
William
Boston Bonds
W.e.r.smith & Co
Xernew Securities
Broad St
Pfalzer & Co
Potter, Choate & Prentic
the Financial Markets
N. Y
Money and Exchange
Bullion and Mining
London Stock Market
N. Ae
Atchiso
Canadian Pacific
St. Aul
Ist
Louis & Nash
N. Y. Central
Southern Pacific
Rae Pacific
Steel. i U. S. Steel of
Exchange Listing Committee
Metal Market Reports
Title Insurance& Trust Company
Trust and Banking Department
Liberty ST
Brooklyn
Title Department & Trust and Banking Department
Montague Street
Edwin W. Coggeshall
David B. Ogden
Walther N. Vail
John T. Lockman
Crosibald
Fowees
Coaanager
Sof
Herbert E. Jackson
Frederick D. Reed
John Munroe & Co
Post Office Sq
Munroe & Co
Rue Scribe
Bertron, Storrs
Griscom
Wall von Land Title Building
New RK
Investment Securities
Hodendyl Malbide , CO
Plompter
Gardiner & Co
William St
Guaranty Trust Co
Mutual Life Building
John W. Castles
California Safe Deposit and Trust Company
San Francisco
California
David F. Walker
Dalzell
Baws Vv
Rain. Mgr
TNE Co
Dominick
Simon Borg & CO
Washington Trust Company
Stewart Building
Ington & Missouri River Railroad Company
Nebraska
New England Trust Company
Burlington & Missouri River Re
Sen i
Bost
83 Street
Mass
England Trust Company
D. R. Whitney
Urtosg
Manhattan Beach Hotel and Land Company, Limited
Rer
Washington
John Mills & Son
Puyallup, Wash
Central OF
International & Seat Nontaaae
Louisville
Nashville
N Now
Minn
ST. Paul & Sault Ste. Marie
Rio Grande
Toledo, Peoria
Seer
Ing Capital, &c
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