Financial Markets Review Shows Copper Strength and Profit Taking
Vigorous stock market action Wednesday gave way to profit taking, leaving most indices with fractional gains. Copper issues led gains amid rising metal prices and strong demand. Pennsylvania stock attracted genuine investment buying. Bank and bond markets remained active, with easing interior demand. European central banks cut discounts while Paris and Berlin rates eased. Calendar for today lists closings and dividends including Mexican Light and Power and Reading Co. second preferred.
MENTIONED IN THIS ARTICLE
Stock Exchange
Pennsylvania and St. Paul
London
Pennsylvania
Balkan
Taft
Bank of England
Bank of France
Paris
Berlin
H. B. Claflin Co
Light and Power Co
Pacific Coast Co
Reading Co
Grand Trunk Railway of Canada
New York Stock Exchange Thursday Brief Market Notes
Market brief from New York Stock Exchange at 10 28 44 shows unlisted securities and mixed performance indicators. Readers are urged to review trading activity for unidentified stocks and percent changes listed in the snap report.
Outside Securities Hold Steady in Dull Market for Narrow Gains
Nipissing Mines Co. hits new yearly high at 9 one of several mining stocks advancing slightly while overall curb stocks show limited gains. Key names such as American Tobacco and Centre Foundry report mixed quotes as the market finishes near opening levels, with notable activity in Nipissing, Ohio Copper, and various copper issues amid light trading.
MENTIONED IN THIS ARTICLE
Nipissing
Chicago
New York Times
Chicago Railways
Kansas City Railway
American Can
Ceceee
E .m. Lot
Canal & Doe
Chicago Pneu
Chicago Rys
Chicago Bys
Commonwealth Edison
Kansas City Light
National Biscuit
Sears-Roebuck
Money and Exchange Rates on Stock Exchange and Banks
Money on call on the Stock Exchange loaned at 14 1 2 percent closing at 14 percent. Time money rates range from 2 3 8 percent for sixty days to 4 3 4 percent for five to six months. Clearing House exchanges total 285,870,903 with balances 7,838,014 and Sub Treasuries debit 260,756. Local banks gained 1,394,000 since Friday. Sterling exchange quiet with quotes around 4.8645 to 4.8675. Continental bills quoted with francs at 6.19 and 6.16, marks 94 14 and 95, guilders 40 5 16. Exchange on New York at various cities shows discounts and premiums.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile Paper
Clearing House
Treasury
Sterling Exchange
New York
Boston
Chicago
St. Louis
New Orleans
San Francisco
Silver Quotations in London and New York
Silver was quoted in London at 23 1 2 d per ounce and in New York at 61 1 4 c. Mexican dollars were 4 50.
MENTIONED IN THIS ARTICLE
London
New York
Treasury balances and markets report daily figures
The Treasury balanced the reserve fund at 130 million in gold and bullion and noted trust funds for redeeming outstanding certificates. Deposits in national banks and current liabilities reached about 843 million with various reimbursements pending, while Boston stock market activity was also recorded.
MENTIONED IN THIS ARTICLE
Treasury
Washington
Reserve Fund
Ciptalersvele
Yeskiara
Philippine Treasury
Pittsburg Transactions Open with Mixed Pitt-Buff Gay Quotes
Pittsburg closing transactions on the local exchange list 4000 shares in the Pittsburg Buffalo Gay market at 100 to 102 percent, reflecting a steady session. The brief report notes end-of-day figures without further detail on individual trades or additional securities.
Mining Stock Quotations from San Francisco for Oct 22
Special to The New York Times lists official closing quotes for numerous mining stocks including Alta California Hale & Norcross Alpha Consolidated Pape Andes Kentucky Copper Belcher Best & Belcher Bullion Calefonia Challenge Potosi Chollar Savage Confidence Sag Belcher Crown Point Union Crown Point Utah Con Gould & Curry Yellow Jacket and others with prices ranging from fractions of a dollar to under a dollar. The report notes silver dollars and other coinage, along with minor premiums for telegraph and sight.
MENTIONED IN THIS ARTICLE
New York Times
San Francisco
Alta
Hale & Norcross
Kentucky
Belcher
Best & Belcher
Calefonia
Los Potosi
Receiver for Gay and Co appointed by U S District Court
John P. Reynolds Jr of Boston was named receiver for the banking firm E H Gay Co by Judge Dodge in U S District Court. Creditors who had petitioned for bankruptcy proceedings examined the firm and consented to the appointment. Liabilities total about seven million dollars, largely tied to the Hudson River Power Company and the Pittsburg and Boston Railroad interests.
MENTIONED IN THIS ARTICLE
John P. Reynolds, Jr
Boston
U. S. District Court
E. H. Gay & Co
Dodge
United States District Court
Reynolds
Hludson River Power Company
Pittsby & Binghamton Railroad
Metal market report shows copper price advance and mixed metals
The local Metal Exchange notes broad gains across copper with spot and futures edging higher after weeks of softness. London spot copper climbs while pig tin weakens and lead holds firm. New York Metal Exchange bids and asks show varied levels for copper casting and foundry materials amid a mixed metals tone.
MENTIONED IN THIS ARTICLE
London
Cleveland
New York Metal Exchange Westering
Will Buy Old Dominion Steamship Stocks Debentures
Buyer seeks a diversified package including Old Dominion Steamship Ss Bush Terminal stocks Borden's Milk stocks Intern's Silver Debenture 68 Safety Car Htg & Lighting Southern Light & Traction 5s Omaha Water Co 1st Pct Detroit Tol Ironton Ram sey City Milwaukee Gas Light 4s Union Steel 5s Brooklyn Ferry 6s.
MENTIONED IN THIS ARTICLE
American L. & Tr. Co
Southern L. & Tr. Co
Tri-City
Old Dominion Steamship
Bush
Borden
G Southern Lt. & Traction
Omaha Water Co
Ptct
Detroit, Tol. & Ironton
Ramsey
Ctis
Milwaukee Gas Light
Union Steel
Br’klyn Ferry
Also Mentioned on This Page
Spencer Trask & Co
William & Pine Sts
New York Stock Exchange
Toby & Lamarche
Broad Street
Hepburn
Second Ave
42Nd St
Man
St. N. Ave
E. B’way & Etty
Bway
7Th Ave
Equitable Gas
Standard Gas
N. Y
E. R
Suburban
N. Y. Mutual Gas
Milwaukee St. Ry
Minneapolis St. Ry
J.k.ric2, Jr.,&Co
Wall Street
Lephones
Hanover
New York City
Farson, Son & 60
C.w York Stock Exchange
Pine St
John
Chisholm & Chapman
Ings
Chas H. Jones & CO
Rector
B. I. du Pont de Nemours
EB. I. du Pont de Nemours
Hudson River Telephone
M’s’g
Yale & Towne Manufacturing
Frederic H. Hatch Ser
United States
Bis Akpot
Broad
Broad St
York
Bankers & Investors
Swartwout & Afpenzellar
John Bankers
N.W. Halsey & CO. Bankers
Philadelphia
Wall ST
WN. Y
Cotton Exchange
Wardwell & Adams
Broadway
Manhattan Hotel
14Th St
Standard Milling Securities
Bowling Green Trust Co
New Jersey
Megargel & CO
Assau Street
Eee Co
Ooney Ind
Louisville
Oe Creek Cent
Pait Willard & Go
N.Y
ATTE
Laclede Gas Pfc
Tri-City RY
Rochester RY
Jersey
Grawford, Dyer, & Cannon
Macean St
Riccardy Henderson & Co
Bankers
Nassau Street
New York Gee Exchange
Tak
RTE
Stieinik Die Gane
Nrese Se Diaikielace Wiese
Eaesesese Eneseeesseseeseseee
Lesgt Tare
Nase
Ask. Bales
Allis-Chalmers Sereetee
Allis-Chalmers P
Amer
Vis
American Tel
Amer. Tobacco
Atch
S. Fipt
Baltimore & Ohio
Bethlehem Steel
Batopilas Mining
Brook
Canadian Pacific
Central Leather Co
Cent. Leather Co
Chesapeake & Ohio
Chicago & Alton
Chicago Gt
St.p. Meerts
Pa & Northwestern
Chi
St A & O
Towee
Clevy,. c
St. Eee
Colorado’ Fuel & Iron
Colorado Southern
Col. South
Colum. & Hock,c.& I
Consolidated Gas
Delaware & Huson
Distillers Securities
Duluth
Erie Teen Weesse
Erie Ist
Erie CO
Pilon Es
General Electric
Great Northern Pf
G. N. Certs
Havana Electric
Eee
Hocking Valley T. Pisce
Hocking Valley Pf
Illinois Central
Interborough
Iowa
Central
Iowa Central
Kan
City South
Lake Erie & West
Missouri Pacific
National Biscuit Co
Nat. Enam, & Stamp
National Lead Co
Newhouse M & Sees
N. Magn & St. Is
N. x
H. & Hart
Ont
West
Lily
Norfolk & Western
Iron & Steel
Rep
Rock Island JO
Rock Island Co
Louis Southwest
L. Southwest’n
Sloss-Shef S & Iron
Sloss-Shef. S. & I
Southern Pacific Aeee
Southern Pacific
Southern R’way
R’wa
Tennessee Opper A
Pexas & Pacific
Esece
Hird Avenue
Ways & Light
Tol
St. L. & West
Col
Twin City R. Transit
Inion Pacific
Nion Pacific Escenes United Rys
Fr Vensess
Rys
Inv
U. Realty & Imp
U S
U. Steel
Csceesee
Mee -Caro. Chemical
a.Caro. Chem. Pf
Ve Iron, Coal & Cis
Wabash
Westinghouse
Erie
Wisconsin Central Wheel
L. O
Wisconsin Central
Tmarack
Alabama
Great Southern
Cincinnati
Texas Pacific
Georgia Southern
Florida
Rio Grande
Montreal
Standard Milling
Inc
Amden
Outside Securities
Inpissing
Les
Bay State Gas
Otis Elev. Pf
Chic
Subway
Best
B. C
British Guiana
Via
Butte & N. Y
Cobalt Central
Gen
Ar. Sm
Cum.-Ely
Davis-Daly Cop
Min. Co
el Rayo
Florence
Foster Cobalt
Fur
Giroux Mining
Goldfield Con
Gold Hill
Greene-Can
Ind. Val
King Edward
la Rose
Miami Copper
M. Co
C. Rica
New
N.A. M
Nip. Mines Co
N. Butte
Ohio Copper
T. M
Nev
Tayra Dev
United Cop
United Rico
Yukon G. M
Bia
Arket
Hanhattan Transit
Home Aerie
Ami Copper
Mines Co. of America
McKinley Darragh
Nevada Con. Copper
Utah M
Nipissing Mines Co
Tis Elevator
Archlight M. & M
Gh & RS Standard Oil
Ukon
Consolidated Exchange
Alle. Chalmers
Amal
Car & F
Spree & Ohio
Col. Fuel & I
Bey
Col Southern
Dist Secur
Erie Sete Ee
Great
Inter-Met
Louis & Nash
Mo & Tex
Ng Pacific
Repub. Steel
Rock Island
Rock Island Pf
Southern Pac
Southern Ry
Tenn Copper
Union Pacific
U. S. Steel Pf
Utah Copper
Car Chem. Sree
Wabash Pf
Comstock
Great Bend
Gerald Dalsy
Hale & N’cross
Leadville E-Ee
Ow McNamarse
Potos
Red H Hill
Ccee
Sandstorm
BONDS
TomMses
Eecvnees
NY City
New Leh & W
Lacoksensstil
Ieee Ae
Lo & N
Allis-Chalmers
Hide & L
Eeee Co de Pac
Secur
Paatessen
Tel & Tel
Seerenees
Ash, Chat & St L
Brake
NAH & H
Anaheareeness
H& H
Nort
Duchtie
Bklyn & Mont
Gary 2d
Incis
Ealangees
Ebiens
Bots & O
Jer
Teneee Chi
Iron Mt & So
River & Gulf
San
St Paul Bone
South
PRR
Cole Industral
Mii
Wens
Col & So
GI. D
Whae &T
del & H
S Steel Corp Skg
Ceneenee Ll
Pitta
Erie Cony
Trust Co Ctis
Erie J
Pitts Ter
Renee Fifth & D
Inter-Metro
Westa Maryla
Fund & Real
Sh & M
jSouth
Birn
Lion I
Ptal Ea
Tiss
Lom
Money and Exchange
Boston Stock Market
Rapid Transit
Union Traction
United Gas
Lehigh Valley
Cambria Steel
St. Paul
Pass
Elec. Co
Lehigh Navigation Gilg
Lehigh Nav T
Welsbach Co
Amalgamated
Boston Corbin
Butte Coalition
B.& Q. Joint
Con. S. A
U. S Con” & of
Atchison Auarene Ee Fee Stee
Boston Elevated
Boston & Albany
Boston & Maine
Boston & Worcest
Boston & Wor
Cc. J. Ry
S. Y Pf
Fitchburg
Pere Ge
Htmm
N. H
Rutland
Tnion
Pacific
Sss
West End
Wees Enee
New England
Am Ag.Chem Saees
Am Ag. Chem, Pt
Am Ser. Pt
Nort A .Foison Settee
Wegan -Ga. Ry
Elec
Mass Gas
Wegen
Morgenthaler
Swift & Ca
United Fruit
United Shoe
Steel
Wwestinghouse Mining
Arizona
Atlantic
Franklin
Isle Royale
le Salle
Mexico
Miami
Michigan
Sola
Pittsburg
Buffalo
Crucible
Crucible Steel
Mans. Light & Heat
Lai
Pittsburg Brewing
Pittsburgh Brewing
Pittsburg Coal
River Coal
Ross Mining
Tonopah
Diamondfield
Belmont
Goldfield
Jim Butler
Great Bend McNamara
Kendall
Midway
Lone Star
Montana
North Star
Rec Hill
Oldfield
Atlanta
Blue Bell
Montgomery Mtn
Ul Ad
GAY & CO
Clyde Steamship St., Retsot Mining Co
Conn. Ry
Utamped
Klyn Ferry
Acker, Merrall & Condit
el Paso Electric
Dixon Crucibie Amer’n Caramel
Havana Tobacco
George W.boung
Cedar Street
Hi York
Investment Securities
Fall St
White & CO
L. B. Wilson
Dd. M. Erguson
LB. Wilson &Co
Consolidated Stock Exchange
N. 60
Coggeshall & Hicks
Oruardian
Chae
ERED
Brooklyn Trust Company
Mortagxee Str
Fulton St
War
Rooklyn, Manhattan
Yok Erbo Trust CO
Fifth Ave
St. Itn
Commercial Trust
Exchange Place
Vaulis
Cluclnta
the Trust Company
Gresham St
E.G
America
Guardian
New YO