Market Recovers From Weakness as Gold Import Questions Rise
After sharp Wednesday losses, stocks rallied in early trading with gains of 1 to 8 points led by St. Paul Union Pacific Anaconda Amalgamated Copper and American Smelters. News from Washington signaled possible early adjournment while gold import concerns rose as demand sterling fell to 4 3450 and London reserves guided moves.
MENTIONED IN THIS ARTICLE
St. Paul
Union Pacific
Anaconda
Amalgamated Copper
American
Pennsylvania
United States Steel
Washington
Congress
London
South Africa
Bank of England
Mary Shaw
Shaw
Paris
Bank of Hngland
New York Stock Exchange Roundup June 28 1906 Trading
On Thursday June 28 1906 the New York Stock Exchange listed widespread activity with many stocks trading, including Southern Pacific and Am. Tobacco Co. prices amid fluctuating Last values. The market showed varied gains and losses across railroads, utilities, and industrials with notable listings such as Bethlehem Steel and General Electric among others.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
Market summary of parallel stock quotations from The Consolidated Exchange
The page lists extensive sales figures and bid quotes for steel, copper, oil, sugar, and rail stocks. Notable entries include Am. Loco, Am. Smelting, Reading, Republic Steel, Southern Pac, Union Pac, U S Rubber, and U S Steel with varied prices and percent changes. Many lines show multiple price points and trading volumes for June 28, 1906.
MENTIONED IN THIS ARTICLE
Ae Low
Allis-Chalmers
Car&f
Brook
Canadian Pac
Pennsylvania
Pressed
S. Car
Republic Steel
Repub. Steel
Rock Island
Southern Pac
Southern Ry
Texas Pac
Ch & Ohio
Gt. West
Fuel &I
Dist. Sec
Terie
Inter.-Met
Louis. & Nash
Mo. Pacific
Nat. Lead
Central
N.Y
Union Pac
U. S. Rubber
S. Steel
U. S. Steel Pf
Wabash Ediphece
Wabash Pf
Calendar for Today Dividends and Auctions Notice
Calendar for today announces book closings and dividend payable notices from Lone Smelting and Refining Co and Corn Products Refining Co. preferred. Auctions referenced include Woolen referred and Atchison Topeka Santa Fe Railway preferred. Windsor Trust Co. listed as payer.
MENTIONED IN THIS ARTICLE
Lone Smelting and Refining Co
Commo Auctions
Atchison, Topeka & Santa Fé Railway
Corn Products Refining Co
Fifth Avenue Trust Co
Windsor Trust Co
Sterling and gold market drift amid London import prospects
The article notes a tentative rise in bar gold prices as London faces new deliveries next Monday worth up to $4,000,000, with Paris and New York competing for imports. Sterling dipped to 4.8450, while Paris rates moved to 251.15c, signaling bankers’ doubt over New York’s success and hinting at a London price rise.
MENTIONED IN THIS ARTICLE
Sterling Exchange
London
New York
Paris
San Francisco
Pipe and Foundry Earnings Reach New Highs
The United States Cast Iron Pipe and Foundry Company shows record profits for the year ended May 1 with total earnings of 1 756 208 dollars, up 42.27 percent from 1 234 401 the prior year. After 1 000 000 in preferred dividends at 7 percent, a surplus of 381 208 remained, down 103 193 from last year due to 3 percent dividends on 12.5 million common stock and 7 percent preferred reset. All retiring directors were reelected.
MENTIONED IN THIS ARTICLE
United States Cast Iron Pipe and Foundry Company
London Money Market Mixed Amid Settlement Rumors
June 28 London money demand rose for month end and settlement needs as rates hardened. Stock Exchange declined after rumors of Kaffirs settlement trouble but brokers aided. consols liquidation continued amid weak bank statement. Foreigners inactive, Russians firming, Americans weak then parities recovered. New York opening pressured later cover. Gold premiums listed Madrid 10.60 and Lisbon 4. Gold movement: £109,000 into Bank of England, £7,000 shipped to South America.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Kaffirs
Chicago
Milwaukee & St. Paul
New York
Madrid
Lisbon
Bank of England
South America
Bourse Reports Mixed Trade in Continental Markets
In Paris on June 28 prices were heavy and irregular with Russian imperials at 77.8 and 1904 bonds at 486. Three per cent rentes stood at 96f 574c for the account. London exchange was 25f 15c for checks. Berlin saw dull trading as Americans retreated from New York cues. London exchange was 20 marks 48% for checks and discount rates for short and three month bills were 3% and 8% respectively.
MENTIONED IN THIS ARTICLE
Paris
London
Berlin
New York
Broker Perry Fails on Consolidated Exchange
The failure of W. L. Perry, a floor trader on the Consolidated Exchange, was announced yesterday morning. Perry was not at his Broad Street office and no asset or liability statement was obtainable. He has been a member since April 19, 1883.
MENTIONED IN THIS ARTICLE
W. 8
Perry
Consolidated Exchange
Exchange
Broad Street
Money on Call and Exchange Rates on the Stock Exchange
Money on call on the Stock Exchange ranged around 2 4% with closes near 8%. Time money quoted at 4 4% for thirty days and 5% for seven months. Exchange rates show Sterling weak and various bills and currencies quoted, including francs and reichsmarks, with domestic centers displaying mixed premia and discounts.
MENTIONED IN THIS ARTICLE
Stock Exchange
Carne House
Sterling Exchange
Continental Exchange
Reichsmarks
New York
Boston—Sc
Chicago
New Orleans
Savannah
Cincinnati
St. Louis
Charleston
Bullion and Mining Prices and Exchange Trades
Bar silver quoted in London at 803 16d per ounce and in New York at 654 3 4c per ounce. Mexican dollars were cited. Consolidated Exchange: Atlanta 1,000 shares at .17 1/2, Com stock 1,500 at .16, Consolidated California 300 and one at .70, Jim Butler 300 at 1.28, Mohawk 500 at 1.55, Portland 500 at .75, Savige 400 at .10.
MENTIONED IN THIS ARTICLE
London
New York
Consolidated Exchange
Atlanta
Comstock
Consolidated California
Jim Butler
Portland
American Mining Stocks in London Prices
London yesterday listed American mining stocks with Camp Bird at 149 Esperanza at 149 Tomboy at 168 Dolores at 0 El Orosso 6 58 Stratts Ind at 0.
MENTIONED IN THIS ARTICLE
London
Camp Bird
Esperanza
Tomboy
Dolores
el Qro
Stratton
Little Board's Problem Moves to Postal Vote on Sale
The Consolidated Exchange seeks a postal ballot to decide selling its Broad way and Exchange Place building and leaseholds. President Ogden D. Budd notes a good offe r and outlines current annual ground rent of about $90,000, rising by $35,000 at lease renewal. Proposals from the Board of Governors promise annual savings of about $35,000 imminently and $70,000 during the 21 year renewal, totaling over $1,500,000 to cover new quarters.
MENTIONED IN THIS ARTICLE
Consolidated Exchange
Broadway and Exchange Place
Ogden D. Budd
Exchange
Budd
Board of Governors
Ship News Spars on Reform Drive at Produce Exchange
New Produce Exchange board, elected on reform, faces budget fights. A circulated petition urges retaining the maritime news service, a cost the exchange spends over $3,000 annually as retrenchment targets.
MENTIONED IN THIS ARTICLE
Produce Exchange
Board of Managers
Maritime News Service
Exchange
Copper and Tin Markets Slip Slightly in London Trade
Copper spot and futures eased in London with spot at £81 2s 6d and futures £80 7s 6d. Pit tin rose to £177 10s spot while futures held at £176 5s. Lead stayed £16 12s 6d, spelter up to £27 2s 6d, iron warrants weaker. New York Metal Exchange closes compared to yesterday show muted shifts.
MENTIONED IN THIS ARTICLE
London
Pittin
Standard Foundry
Middlesborough
New York Metal Exchange
Chile approves bonds for Transandine Construction
The Chilean Government sanctions the company issue of 1,390,000 dollars in bonds bearing 6 percent interest. The bonds are guaranteed by Chile for twenty years with interest paid in London.
MENTIONED IN THIS ARTICLE
Transandine Construction
Santiago
Chile
Transandine Construction Company
London
Stock Exchange Updates and Bond Offerings Summary
The Chicago and Alton Railway preferred and common stocks were stricken from the Stock Exchange list. J Louis Schaefer elected director at W R Grace Co where he has served as treasurer since 1894. New Stock Exchange members include Fred Dorr David Mackie Henry S Haskins and Alfred Willstatter. Wabash Railroad 6 180 000 four percent equipment bonds sold to Higginson Co and Clark Dodge Co at yield five percent. Ten shares Hanover National Bank sold at auction for 12 percent. Brooklyn Union Elevated 100 shares sold. Hanover Bank stock not sold.
MENTIONED IN THIS ARTICLE
Chicago & Alton Railway Company
The
Stock Exchange
J. Louis Schaefer
W. R. Grace & Co
Fred Dorr
W. A. Dick
David Mackie
Rumors Fly Over Converse Resignation at American Locomotive
Wall Street reports Edmund Co Converse resigned from the American Locomotive Company board amid rumors of internal dissension following a 5 percent dividend on common stock. Converse, president of Liberty National Bank, was not reachable in Philadelphia or Greenwich. Company officials offered no definite denial and noted Converse voted for the dividend.
MENTIONED IN THIS ARTICLE
Wall Street
Philadelphia
Edmund Co. Converse
American Locomotive Company
Converse
Liberty National Bank
Greenwich
American Locomotive Directorate
Company 3
Mr. Converse
Closing Quotations for Government Bonds and Stocks
The page lists bid and asked quotations for government bonds and numerous stocks and bonds from different issuers, with prices and percent figures. Many entries show a mix of bid and ask values across long lists of company names and security types, reflecting a dated market page format.
Bonds Drawn for Payment by Houston and Texas Central
The Houston and Texas Central Railroad Company draws bonds for payment from cash proceeds of land sales under a 1890 trust indenture. Bonds numbered in the list will be paid at 110 percent of par plus accrued interest at 120 Broadway New York. Interest ceases after August 25, 1906. R S Lovett, president.
MENTIONED IN THIS ARTICLE
Houston & Texas Central Railroad Company
Frederick P. Olcott
Farmers’ Loan & Trust Company of
New York
Southern Pacific Company
Broadway
New York City
R. S. Lovett
Bonds of Burlington and Missouri River Railroad Due 1906 Notice
The New England Trust Company trustee announces payment of non exempt six percent bonds of the Burlington and Missouri River Railroad Company in Nebraska due July 1, 1948. Registered bond numbers listed will be paid at 85 Devonshire Street Boston after July 1, 1906 with interest to that date. interest ceases thereafter. D. R. Whitney president. Boston June 14, 1906.
MENTIONED IN THIS ARTICLE
Burlington & Missouri River Railroad Company
Nebraska
New England Trust Company
Burlington & Missouri River Railroad
Comany
Said de Beendri
Devonshire Street
Boston
Mass
D. R. Whitney
Also Mentioned on This Page
Plympton, Gardiner & Co
William St, N. Y
Spencer Trask & Co
William and
Pine Streets
Albany
N. Y
Hallgarten&Co
Bankers
Nassau Street
Investment Securities Foreign Exchange
Redmond
Pine St
Carpenter
William St
New York Stock
Cot
Ae Dougat Fos
C. H. Venner & CO
Wall St
Dick & Robinson
the Financial Markets
Yen Verepril
Ailis-Ghalmers Bo Cis
Amal. Ueer
Ont Am. Agri. Chem
Car & F. Co
Express
Hide & Leath. Ph
Ice Securities
Locomo. CO
Pneu
Smelt, & R. Se
Steel Foundries
Steel Founds
Sugar Ref. Co
Tobacco Co. Pr
Am. Woolen Co
Woolen Oy
Anacon
Atlantic Coast Line
Baltimore & Ohio
Baltimore & Ohio Pf
Bethlehem Steel
Bethlehem Steel Ee
Brooklyn Rapid
Brunswick City
Canada Southern
Canadian Pacific
Central Leather Co
Central Leath. Co
Central R. R. of
N. A
Chesapeake & Ohio
Chi Great West
Chi. West. Pf
Chi
Mil
St. P. Pie
Chicago & Northw
Gee Ma & Om
Chi. Union Trac
Colorado Fuel & Iron
Colorado & Southern
Col. & South
Col
É South
Consolidated Gas
Delaware & Hudson
Denver & Rio Grande
Detroit United
Distillers Securities
Cal
Werte i. Hss Cas Cae
Erie Ist Beboas Stel — Eee
Smelt
General Electric
Great Northern Pf
Hocking Valley
Illinois Central
Interbor
Internat. Paper Co
Town Central
Kanawha
Michigan
Kansas City
Knick. Ice
Lake Erie & West
Louisville & Nash
Minn
S. S
Nat. Enam. & Stamp.Nat. Enam. & Sta.pe
National Lead Co
New York Air Brake
New York Central
Ci & Bee
Y., Co
8. L. 2d
Pennsylvania R. R
People’s Gas
Peoria & Eastern
Pressed Steel Car
R. R. Eo
St.o
Bey
Steates Honding Cocci
Southern Pacific P
Southern Ry. Pf
Tenn. Coal & Iron
Texas & Pacific
Tol
St. L
Realty & m. Co
U. S
Caro
Chemica
Wabash Signet
Connecticut
RWY. & LT. CO
Clark, Grannis & Lawrence
Scully, Painter & Beech
York Stock Exchange
Pittsburg Stock Exchange
Chicago Stock Exchange
Chicago Board OF Trade
People’s Building
Pittsburg
Baring & CO
Foreign Exchange
Baring Bothers & Co., Ltd
Kidder, Peabody & CO
Ae Sayers
Capital & Surplus
Nassau ST
Erboo* CK Trust CO
34Th ST
West 12Th Street
Trd
148Th ST
the Consolidated Exchange
Pipe & Foundry
London Stock Market
Equiv
Consoll
Close
Ch'ge
Atchison
Can. Pacific
St. Paul Oes
Neers TI
Money and Exchange
Bullion and Mining
Wabash Railroad Company Equipment Trust
LEE, Higginson & CO
City Trust Company
Wabashi Railroad Company
Delano
Wabash Railroad
Messrs. Hornblower
Byrne, Miller & Potter
Lars
Frederick A. Delano
Clark, Dodce & CO
New York, N. Y
State Street
Boston, Mass
Metal Market Reports
Financial Notes
American Locomotive Board
D. C
Philip’ne
Adams Exp
Alb. & Sus
Alle’ & W
Allis-C
Am. Snutt
Am. Sn
Ann Arbor
Ann A
A. L. Ee
Ee & W
Cc & St. L. Pf
P. Sp
T. H
F. M
Et. W
D. Guy
Gen. Yon. Co
Pl. G
H.b.claflin
B. R
H. BE. R. Pf
Hock. Val
Homestake
Mm. C
Iowa-C
Jol
Eese & M
K&d. M
K.1.c
G. Pf
Long Island
Man. Beach
van. Elevy
MD. Coal Pf
A Met
St. Ry
Vulcan Det
W.F. Exp
Westinghouse
R. R
Cent. C
I. X
D. Co
J. Tlek
C. Ist
Tts. C
Ft. W
Ve ‘Ullman Co
Uicksilver
Imag
G. M. Co
Tutland
S F
Texas Cent
Tex. C
BO A TP. L. T
W. Ciecess
U.S
Houston & Texas Central Consolidated Mortgage
Eevee and
Ei Ae
Eac
Tor
Rathoaa
Aeveyv
Wall Street Journal