Wall Street Brokers Question Who Buys Stock to Drive Market
The piece weighs whether professional traders act among themselves or align with big interests and pool operations. It notes strong market despite little public participation, mentions odd-lot trading, and cites hopes for a robust bond market next year amid large upcoming maturities.
MENTIONED IN THIS ARTICLE
Fiouse
Lawyer Held on Perjury Charge in Woman's Favor
In City Court Judge McAvoy held Maurice M. Greenstein on a perjury charge after a verdict favored Annie Smoke against Adolph Schwartz. Smoke claimed Greenstein forged release papers used to halt injunctions. Greenstein testified she signed knowingly. Jury awarded Smoke $1,625 and she recovered notes paid.
MENTIONED IN THIS ARTICLE
McAvoy
Maurice M. Greenstein
Nassau Street
Ward
Greenstein
Phos McAvoy
Schwartz
Smoke
Michael H. Wolfe
Manfred W. Ehrich
Mrs. Smoke
Metal market reports show firm prices across metals
Local market held firm with copper steady and London futures up 2s 6d. Spot copper at £61 1s 3d. Pig tin strong to £184 7s 6d. Futures tin £136. Lead at £13 5s 8d. Spelter £20. Iron warrants firm 47s 3d to 48s 4d. New York bids and asks compared to Wednesday show slight changes.
MENTIONED IN THIS ARTICLE
London
Goa
Standard Foundry
Cleveland
New York Metal Exchange
Closing quotations on local values in Colorado Springs
Special to The New York Times reports closing quotations on local stocks in Colorado Springs dated Oct 29. The data lists Bilton 65 percent bid 30 asked 27 90. McKinney 42 on ig Portland 101 105. various indicators show bids and asks with percentages and figures such as 25 26 and 8 10.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Bilton Eves
McKinney
Ig Portland
Ch'ge
Atchison
Pacific
St. Paul
Settee
Erie Fees
Erie
Central Wean
Louis & Nash
N. Y. Central
Pennsylvania
Ewes
S Steel Pf
LIC Securities
LOMO
Saxony
Hamburg
E.s
Berlin
Consol
Csaaene
London
Camp Bird
Esperanza As
Dolores
Stratton’s Ind
Demand for high-grade bonds firmer in Baltimore market
The New York Times dispatch reports fair demand for top quality investment bonds in Baltimore on October 29. Out-of-town money offered at 4 percent on call and 4 percent on time. Shares total 125, bonds $117,000.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
Treasury figures show reserve fund and certificates totals
At the start of business the Treasury reports a reserve fund of 150 million in gold coin and bullion and certificates totaling 849.9 million. General fund stands at 140.8 million with national bank deposits at 180.6 million. Silver dollars awaiting reimbursement total 488.6 million, with outstanding totals around 040.1 million and Philippine mobilities listed at 108.8 million.
MENTIONED IN THIS ARTICLE
Reserve Fund
Philippine
Bowne Elected to Stock Exchange Governing Committee
Walter Bowne was elected to the Stock Exchange Governing Committee at Wednesday’s meeting to replace Walter H. Hollister of Kountze Brothers. Hollister’s seat had moved to Augustus F. Kountze a few weeks earlier. Bowne has been a member since 1879.
MENTIONED IN THIS ARTICLE
Walter Bowne
The
Stock Exchange
Walter H. Hollister
Kountze Brothers
Augustus F. Kountze
Bowne
European Markets Report from London Paris and Berlin
London notes increased demand for settlement and month end prep and firm discounts on gold withdrawal prospects. Paris closes firm with 3S per cent fronts at 95f95c. Berlin reports weak prices on the Bourse.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Faris
Grand Trunk
New York
Union Pacific
Bank of England
Paris
Bank of England Weekly Reserve Changes Report
The Bank of England weekly statement shows reserve up by £72,000 and circulation down £535,000. Bullion, other securities, and other deposits fall, public deposits rise £3,119,000, notes reserve up £88,000, and Government securities drop £1,300,000. Reserve ratio to liabilities firms to 53.62 percent from 51.70 percent last week.
MENTIONED IN THIS ARTICLE
London
Bank of England
Bank of France weekly statement shows varied changes
The report lists notes in circulation up 16.225 million francs and treasury deposits up 22.9 million francs. General deposits rise 122.2 million francs while gold in hand increases 13.175 million and silver in hand falls 1.525 million. Bills discounted jump 134.825 million francs as advances drop 11.025 million.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Boston stock market closes steady with specialties active
In Boston today trading was fairly active with the principal activity in specialties. The general list closed steady at very nearly best prices for the day.
MENTIONED IN THIS ARTICLE
New York Times
Boston
Financial Notes Highlight Elevations and Appointments
Vice President Archibald Johnston of Bethlehem Steel visits town. Walter C. Loncheim elected to the New York Stock Exchange. Bethlehem Steel names J M Ellis special New York sales agent at 111 Broadway. J W Annan of London, a Ray Consolidated Copper director, dies at the Plaza. Colorado and Southern Railway offers 5 million in refunding bonds at 4 percent, mostly sold. remaining at 86 plus accrued interest yielding 5 percent. Mexican rail lines relocate New York offices from 6 Wall Street to 25 Proud Street on Oct 31. Mexican Central offices to be used by merger system after that date.
MENTIONED IN THIS ARTICLE
Archibald Johnston
Bethlehem Steel Company
Walter C. Loncheim
New York Stock Exchange
New York
J. M. Ellis
Broadway
J. W. Annan
London
Plaza
Ray Consolidated Copper Company
Colorado & Southern Railway
William Salomon & Co
Hallgarten & Co
National Railroad of Mexico
Mexican International Railwead of Mexico
Hidalgo & Northeastern Railroad
Wall Street
Proud Street
Mexican Central
Cotton Market Ends Steady After Realizing Decline
Cotton finished in the red by 5 to 7 points amid realizing selling, with large offerings absorbed and the close steady. Estimated world demand around 225,000 bales, while Southern spot markets eased in Texas and Georgia. Spinners bought freely though exporters filled near term needs as October notes circulated and a covering rally followed.
MENTIONED IN THIS ARTICLE
Liverpool
Texas
Georgia
Eee
March S
Ecess
R. Toa
Eeeecerers Re
Gulf
New Corleans
Savannah
Norfolk
St. Louis
Galvesto
Houston
Memphis
Weather forecast for cotton and grain states Friday and Saturday
The United States Weather Bureau issues a forecast for Friday and Saturday. North Carolina to Eastern Florida show fair weather with cool to fresh northwesterly winds. Alabama to Louisiana fair with light variable winds. Ohio and Midwest states fair and cooler with fresh to strong northwest winds. Minnesota warm Saturday with stronger winds. Iowa to Missouri fair. North and South Dakota showery and warmer Friday. Nebraska and Kansas fair with warmer Saturday. Utah fair Friday with Saturday showers.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Uct
United States Weather Bureau
North Carolina
South Carolina
Georgi
Florida
Alabama
Mississippi
Louisiana
Oklahoma
Arkansas
Kentucky
Ohio
Indiana
Ilinois
Michigan
Wisconsin
Minnesota
Iowa
Missouri
North
South Dakota
Nebraska
Kansas
Utah
Bankers Take More Colorado & Southern Bonds
The Colorado & Southern Railroad has sold to W Salomon & Co. and Hallgarten & Co. 2,000,000 additional of its 4 percent bonds. Total placed with these bankers reaches 5,000,000. Bankers, having placed much of this issue, offer the remaining unsold at 86 and interest yielding 4 1/2 percent.
MENTIONED IN THIS ARTICLE
Colorado & Southern Railroad
W. Salomon & Co
Hallgarten & Co
Eerek
Also Mentioned on This Page
Wall
Bond
Metal Market Reports
Eeeteesare
Colorado
Altimore- City
Con
Gas Estates
Alabama Fi
B. B
Richmond Traction
Richmond & Dan
Southern Rydey
Seaboard
United Rys
Srecetos Oh
United Rys. Inc
First National Bank
Houston Oil
Casualty
Third National Bank
the Treasury Balances
Treasury
Beelin
Philadelphia
Union
Rapid Transit Company
Amalgamated Copper
Car & Foundry
Ees
Hk PR Tell Telephone
Cambria Steel
Elec. Co
Amm
Elec
Erie Oe
General ‘Asphalt
General Asphalt Pf
Ins. Co
North Am
Sup. Corp
Lehigh Valley Eee Reese
Lehigh Nav
Minehill Wee
Philadelphia Co
Philadelphia Co.pf
Philadelphia Electric
R. T
Rock Island
Southern
A .Union Traction
West Jersey & Sea
Westmoreland Coal
Trinity and Brazos Valley
Colorado & Southern
Gulf of Mexico
Galveston
Colorado and Southern Lines
Colorado & Southern Lines
Interstate Commerce Commission
Hallgarten & Go
Broad Street
la Salle Street
Boston Stock ‘Market
Tel & Te
Orien &És
Niciated Ss. B. & Q. Joint
Western T. & T
Fitchison Pl
Boston Elevated
Eston & Albany
Bostorn& Maine
Rutland
Uuder
New England
Western Pf
Am. Agr. Chem
Amer
Pneumatic
Boston Land
Des Edison Ee
Ga. Ry
General Elec
United States
Arcadian
Arizona Commercial
Bonanza Eee
Boston & Corbin
Butte Coal Tees
Calumet & Arizona
Cal
Hecla
Daly West
Franklin
TSO Greene-Cananea
Isle Royale
Lake Wee
North Butte
Old Colony
Old Dominion - Wees
Osceola
Quincy
Rhode Island
Santa’ Fe
Shannon
Superior Pitts
Tamarack
Tennessee Ee
Trinity
United Copper
Utah Apex
Utah Consolidated
Utah Copper Pe
Victoria Eeeesasesss Bi
Wolverine Seeveeonce
Wyancotte Eenesnees
Chicago Stock Market
Chicago
Chicago Railway
American Shipbuilding
Epee
American Shipbuild
Booth & Co
Chicago Rys
Chicago Telephone
Commonwealth . Edison
Kansas City Light
Kansas City Ligt
National Biscuit Opie Lewes
National Carbon Pf
People’s Gas Evscnoce
Quaker Oats Pf
Eseere bPgy
South Side
Street’s Stable Car
Sears-Roebuck Pf
Swift & Co. Se Ve Ou En
United Box Board
United Box Board -of
Financial Notes
First Nat'l Copper
Bay State Gas
Nevada-Utah
Nipissing
la Rose
Trinity Yukon
Curb
J. Thomas Reinhardt
Exchange Pl
Broad St
Mass
Overlook Curb
Bank and Trust. CO
BIO
Mexican Exploration and Mining Co
Alex. V. Finn & CO
Broad
Mortgage An Trust Company
Cedar Street
8Th Ave
City of
Albany
N. Y
New York State
Nassau St
Moffat & White
New York City
Telephone Cal
Reet Securities
Horace Hatch
Mofo
Kirby Lumber Standard Screw
American Brake Shoe
Tri-City Railway
American Gas & Electric
Guanajuato Power & Elect
Michigan State Telephone
Niagara Falls Power
Metropolitan Steamships
Lackawanna Steel
Houston Oil Com
J.S. Bache
First Nations Bank of Chituge
Guanajuato Power & Electric Securities
American Caramel
Kway & Light
St. Lawrence Securities
U. 4S
Gillar
Kirby Lumber Conmmea
Syracuse
Borough
Chatham
Conn
Pidias
Orleans Co
Nebraska Extensios
Pittsburg
Virginia
Charleston
O’connor & Kahler
Bankers
Wall ‘Street
Cenonists tot _ company of
Consolidated Gols Company
Ex- Aividana
City Bank of New
of the Board
James A
National Ork
Justees
Bennett
Kansas & Texas Railway. Company
Peanriahise
C. G. Hedge
Casein Company OF America
Cord
Trantefer Books
Maurice Barnett
American Exchange National Bank
Payal
Pasord
Epward
Consolidated Gas Company of
Irving Place
James A. Bennett
Nassau Bank
NOTH
Edward Earl
Jane
Ney
SC Merwin
United States Leather Company
National Park Bank
James R. Plum
T Today
New York Realty Owners Company
Fifth Avenue
Knickerbocker Trust Company
North Utte Extension Development Company
Dudley A. Ting & CO
Missouri, Kansas & Texas Railway Company
Co. G. Hedware
C. N. Whitiehead
Franklin Society Reguilar Savings
Pasy Hook
Beekman
Thomas Gibson
Corn Exchange Bank
Wall Street Journal
DOW, Jones & CO
New York Times, Times
Guayaquil and Quito
Guayaquil
Quito
Exchange Place
Jersey City
sState of
New Jersey
U. SA
Compans
Government of
Feuador
Council of Foreign Beoctholders
Tans T. H. Powers Farr
Manhattan Company
City of New York
D. BH. Pierson
American Institute
Nevillh
West 44Th St
M. R.A. BL
Dayton
Ser
William Lippman
Joseph Nemeroffsky
Pitkin Market
Pitkin Av
Ames St
Brooklyn
New Rochelle
Common Council
City Hall
Main
Mechanic Streets
State of
Shell
William G. Rainsford
Ity
Coe Council
New Roche'l
Tompkineville