Foreign and finance notes on markets and merger plans
The market saw about thirty thousand shares traded with American stocks in London rising early before retreating. The merger of Mexican Central and Mexican National Railway securities is expected to succeed, deposits already sufficient. Investors receive a railroad stock leaflet from Spencer Trask & Co. The Manhattan Railway Company debt ties to a large mortgage, and a new New York Produce Exchange Bank branch will open. Dividend cuts explained for Pacific Coal Company due to nationwide economic weakness. Iron trade outlook remains cautious with mixed signals from Pennsylvania Railroad finance and pig iron markets. meetings planned for May to set prices, while overhang from potential lower Birmingham prices tempers activity.
MENTIONED IN THIS ARTICLE
Manhattan
Imterborough Rapid Transit Company
Manhattan Railway Company
New York Produce Exchange Bank
Lth Street
Second Avenue
Pacific Cove
John Kean
Pennsylvania
Central West
Southern
Birmingham
Iron Trade Review
Ohio
yShares
Uisville & Nashville
Allis-Chalmers Co
Sly di
lMarine Pr
Mackay
Etis
Minn
St. Louis
St. P
S. St
Am. Car & Foundr
Ste
Kan
Texas
Missouri Pacific
Hide & Leather
Hatian Saga
Nashville & CI
Ri Tate
Nat. Enamelling & Stud
Newhouse M
New York Central
New York
Chicago & St. L S
NH & F
Atchison
Norfolk & Western
Northern Pacific
Baltimore & Ohio
Ratopilas Mining
Pacific Coast
Brooklyn Rapid Sanit
Pacific Mail
Brooklyn Union Gas
Pennsylvania Railroam
Canadian Southern Ag
Peo. Gas & C
Ose
Tisty
Canada Pacific
Pittsburg Coal
Central Leather
Pittsburg
Central of New Jersey
Chesapeake & Ohio
Altonia
Chicago
Railway
At & Alton Great Western
Republic Iron & Steel
Chi
Hic
Rock Island
M & St P Pr
L. E FE
Chicago & Northwestern
Tohicago Union Traction
Salen St. L. Ee
Olorado Fuel & Iron
Ant
Sloss-Sheff. Steel & Iron
Colorado & Southern
Southern Pacific
Ag So Southern Railroad
Ado & Southern Ist
Ca Southern Railroad
Tsay
Tennessee Copper
Hocking Coal & 1
Texas & Pacific
Third Avenue Railroad
Toledo Railways & Light
Tol
St. L. West
Comstock Tunnel
Delaware & Kindson
Twin City R. Stbyns
Wester
Union Ag & Ca
Lack Sr & Rio
Union Pacific Ae
Union Pacific Pr
Sli
Si Silaling Securities
Babisi Unite Cast Iron Pipe
Erie
Federal M. & Ss
General Electric
Granby
Great Northern
Utah Copper
Chemon
Illinois Central
Interborough-Metropolitan
Wabash Ae
Ife
Aos Vt
Wabash Pr
International Paper
Western Union Telegraph
International
Westinghouse
Wwestinghouse
Wheeling
Iowa Central
Wheeline & FE
Landon
Anaconda
Atchison Sox
Pacific Tt
St Paul
Louis & Nash
Central
Wty
Penneylvania
Reading
Southern Pactite Tas - Union
London
Berlin
Paris
Parle Exchange
Tis Md
Berlin Exchange
France
Balt
Hes
MH & St P
Fuel & Tron
Consol
loMat Securities Aa
Interboro- Met
Kan & Tex
Boston
Day &T
Ont & West
Pennsaylvania
Aliway
Keston Eleveras
Republic Steel
Warner
NYNWA
Randy Yin
Teceria
Urien
Toronto
Stewart & Lockwood
Farrero
Maines
Peterson Lake
Wolserine
Foster
Irregularity in the Stock Market Day’s Total Sales
Report notes irregularity in stock market activity with total shares traded for the day and comparisons to prior periods. Figures include day’s total shares, January 1 to date, and preceding totals reaching tens of millions, indicating unusual volume.
Market Irregularities Persist Amid Exchange Failures
Stocks moved erratically with large volumes traded as another exchange house failed after the death of a senior member. Short covering boosted early strength before profit taking pushed many issues down from session highs. United States Steel earnings were weak but impact limited. Union Pacific bond plans drew attention as Interborough notes sold well. Foreign exchange softened with sterling and Paris checks slipping. Banks paid out May deposits while treasury calls loom. Iron and steel outlook remained unsettled with potential price cuts feared.
MENTIONED IN THIS ARTICLE
Stock Exchange House
Shorts
United States Steel Quarterly
Union Pacific
Interborough Rapid Transit
Interborough
Mre
Europe
Paris
London
Secretary of the Treasury
Washington
Treasury
United States Steel Corporation
The
Steel Corporation
Ferry Company Bids and Bonds Details
Fragmented OCR shows bids and bond figures for Brooklin and Union ferries. Numbers include 45 million, 234 and 25, 5, and 67 with entries unclear. The text references bids, asks, and bonds related to ferry operations.
MENTIONED IN THIS ARTICLE
Pam
Brooklin
Union Ferry
American securities abroad market report shows strength
London notes a strong American securities market with final prices listed for major issues. Foreign money rates indicate call money at 2 1 2 percent in London and Berlin discount at 4 percent, with par exchange figures and British consols quoted for money.
MENTIONED IN THIS ARTICLE
London
Stock quotes for inactive NYSE listed items
The following were the last actual sales and the closing quotations for stocks in which there were no transactions yesterday on the New York Stock Exchange. Fe hed "nsisted.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Money Market and Foreign Exchange Report
Money on call opened at 1 percent with highs to 2 percent and closing near 1.54 percent. Rates for sixty days range 2 to 4 percent, longer terms up to four to seven months around 3 percent. Foreign exchange opened weak with sterling near 4.8740, short francs around 5.15, short Reichsmarks near 9.55, and later cables showing little change. Domestic exchange notes varied by city, with New York and Chicago showing premia and discounts. Government receipts and expenditures show a daily surplus/deficit amid overall fiscal activity. Sub-Treasury debtor to Clearing House at day’s end.
MENTIONED IN THIS ARTICLE
Mercantile
Germany
Paris
Belgium
Switzerland
Malliand
Boston
Chicago
St. Louis
San Francisco
New Orleans
Cincinnati
Savannah
New York
Baltimore
Philadelphia
London
Madrid
Lisbon
Washington
SUB
Sub-Treasury
Clearing House
Outside Securities Market Turns Irregular As Trading Fluctuates
The outside market shows reduced business volume with uneven price moves. Some issues firm on strong demand while others see sharp reactions from heavier offerings. Notable moves include Standard Oil rebounding after a 5 point loss and Butte Coalition rising about 2 points.
MENTIONED IN THIS ARTICLE
Standard Oil
Milners Central
Chicago
American Tobacco
Butte Coalition
Cumberland-Ely
Nevada-Utah
Bowling Green Trust Co Officers and Directors Listed
Bowling Green Trust Co at 26 Broadway New York releases its officers Edwin Gould president William H Taylor first vice president Charles P Armstrong second vice president John A Hilton third vice president and treasurer William M Laws secretary. Directors include Charles P Armstrong George J Gould Frank Brainard John A Hilton Harry Bronner Myron T Herrick Franklin Q Brown Edward T Jeffery and others.
MENTIONED IN THIS ARTICLE
Bowling Green Trust Co
Broadway
New York
Edwin Gould
William H. Taylor
Chas. P. Armstrong
John A. Hilton
Pres. & Treay
William M. Laws
Charles P. Armstrong
George J. Gould
Frank Brainard
Harry Bronner
Myron T. Herrick
Franklin Q. Brown
Edward T. Jeffery
Robert C. Clowry
Winslow S. Pierce
Edmund C. Converse
Morton F. Plant
Wm. Nelson Cromwell
Dick S. Ramsay
P. C. Costello
Frederick B. Schenel Grenville
Also Mentioned on This Page
Guaranty Trust Company of
Capitol
Nassau Street
Lombard St
E.c
Spencer Trask & Co
William and Pine Streets
New York Stork Exchange
Stocks & Bonds Stock Exchange
Carlisle & CO
Bankers & Brokers
Morris & Essex Barbowk & Wiron International
Ean & Lighting Standard Milling
Frederic H. Hatch
Broad Street
Telephone
Knickerbocker Trust Co
Chase National
Lincoln Trust Co
Clinton Gilbert
Wall ST
N. Y
Fred'k
New York City
Ever & Co
Wall Street
Ti Lotta Lens
Hangeal
Tcoupen
Ferry Companies
Rou Bohm
Lenny Trust
Norl & W
Penn
PM & M
E 'Sa
Sunode
South
Tex & FP
Jerry Tig
Union Pac
Whit St el Web
Anon Fia
Wes. Fidly
Gonoda Conve
Sonny Ae
Iowa
EL & P Jae
West Ma
Lacka Steel
West Shore
Westingh
Tene So
Rene
American Securities Abroad
Adams
Si É& M
Keo & D
le& W
Lake Marine
Man Beach
Eth Steel
Gulf & Ship Island Railroad Company
Gulfport
Miss
Fisk & Robinson
Cedar Street
Travellers Letters
Outside Securities
Industrial
Bay State Tras
Subway Totel We v
eaeSene
Atlanta Goldfield
Blue Bell
Bonanza Creek
Sa ST
Butte
Foster Cobalt
Tee General Mines
Li Giroux
Matt Gold Hill Ssm Goldfield Co
Gohkdfield Daisy
Goldifield
Tananea
Kendall
Lane Staray
Miami
Amse
Ande
North Butte
Penn Wroming
Salt Lake
Silver Queen
Stewart
MAD Sup & Pitt
Tonopah Relmont
Montana
Trinity
Tayra Dev
U United
Aitel
Ats Tah Bingham
LM & M Ts
Yukon
Krtepewil
Consolidated Exchange Sales
Westchester County
Westchester Coun
White Piaster
Sanitary Sewer District
Weetchester
Bronx Alley Sewer Commission
Grand Street
White
Bank
Trust
White Plains
William Archer
John E. Andrus
John J
Bronx Valley
Ige
Andrew Squire
John P. True
F. C. Young
Wall Street Journal
Uiens
Ing. En
Atlanta
Aricteane Ars
Goldfield
North Star
Patersn
Pitts
Indianapolis