Securities Prices Lower Stand as Market Reworks Gains
Stocks opened firm on optimism from a presidential message but failed to sustain gains as late selling pushed many issues into the red. By close, losses were led by Brooklyn Rapid Transit, Canadian Pacific, Hocking Valley, Manhattan, Metropolitan, Reading, and Baltimore and Ohio. Pennsylvania Railroad earnings show strong upturns for ten months, with October rising, while Reading faces coal strike losses. prospects of higher freight rates loom. The market remains conservative with banks trimming speculation and brokerage firms showing renewed strength.
MENTIONED IN THIS ARTICLE
Congress
Wall Street
St. Paul
New York Central
Louisville
Washville
Chesapeake and Ohio
Norfolk and Western
Illinois Central
Pennsylvania Railroad
Pennsylvania
United States
Pittsburg
Reading Common
Manhattan Railway Company
American Sugar Refining Company
Manhattan
Market steady bonds with irregular railroad sales
Government bonds held steady while railroad bonds showed irregular trading. Total par value sales reached 2,178,500, led by Atchison general 4s, Baltimore and Ohio gold 4s, Central Pacific 4s, and others including Chicago, Burlington and Quincy 4s, Rock Island 4s, and Union Pacific firsts. Active issues also included Consolidated Tobacco 4s and several debentures and first incomes.
MENTIONED IN THIS ARTICLE
Mondiay
Atchison General
Baltimore and Ohio
Central Pacific
Chicago
Burlington and Quincy
Rock Island and Pacific
Greer Bay
Wabash de Lenture
Consolidated Tobacco 4A
American Securities Market Ends Mixed With Small Gains
London notes a volatile session with American securities showing irregular moves and small final gains. Last prices indicate modest upticks across several issues as traders priced in mixed economic signals and shifting risk appetites.
MENTIONED IN THIS ARTICLE
London
Money Market and Foreign Exchange in the Week
Banks face losses this week especially to the Sub-Treasury with $1,086,000 on Monday and $2,945,000 since Friday. Transfer to San Francisco of $300,000 was reported. Debtor Sub-Treasury at the Clearing House stood at $205,999 as yesterday’s balance.
MENTIONED IN THIS ARTICLE
Sub-Treasury
San Francisco
Prime Mercantile
Rio Janeiro
United States Treasury Department
Owen
Eee Soosboe Eens
Paris
Switzerland
Germany
Reichsmark
Holland
New Orleans
Telegraph
Boston
Charleston
Chicago
Cincinnati
Savannah
New York
Baltimore
Philadelphia
London
Berlin
Berlin Exchange
Paris Exchange
Madrid
Lisbon
Buenos Ayres
Washington
National Bank
Clearing House
Wheat market update with May option hints
Open and close figures show bids and offers in wheat trading. The May option activity indicates rising interest with last sale figures around 1.25 and 1.50 plus notable price movement.
Wall Street and Exchanges Summary of Markets and Debt
Foreign houses were inactive in the local market with 20,000 shares traded. Final loan quotations include Amalgamated Copper, Anaconda, American Ice, Atchison, Brooklyn Rapid Transit, Baltimore and Ohio, Chicago Terminal, Colorado Fuel and Iron, Delaware and Hudson, Erie, Louisville and Nashville, Manhattan, Missouri Pacific, New York Central, Northwestern, Norfolk and Western, People's Gas, Reading, Republic Iron and Steel, Rock Island, St. Paul, Southern Railway, Southern Pacific, Sugar, Tennessee Coal and Iron, Union Pacific, United States Steel, United States Leather, Wabash, Western Union with 4 and 6 percent preferences. The Controller of the Currency reports November circulation at $84,854,514, up $25,133,808 in the year. Public debt falls $16.44 to $958,097,281. Wabash buys coal lands in West Virginia as it contracts for expansion. Distillers seek NYSE listing, aiding curb price rise. American Sugar Refining declares 1.5 percent dividends. British Consols interest paid. Gary succeeds Bulkeley at Indemnity Co. in Hartford.
MENTIONED IN THIS ARTICLE
Bote Open Fae
Stein* Adams Express
Albany & Sue
Ead
Amal Ces Seeee
Allis Chalm Co
Caon Rae Seeeee
Amal Copper
Conioki Aian
Amiee
Hide &Él
Eali & Ohio
Brook Neces
Louis & Nash
Manhattan
Met_ Street
Mo Kan & Tex
Mo Pacific
Amer
Ont & W
North West
Pacific Mail
Pennsylvania
Oe Rep Steel
Am Tel
Rock Island
Amer Tel & Tel
Sl&sf
Amer Teb
South Pac
Amer Woollen
Southern Ry
Tenn Coal
Anaconda Ae
Texas Pac
Ann Arbor
Union Pac
Wabash
Ealt
Ohio
Westafon
Boston AL Pl
Cem
Wis
Central of
N J
Ches & Ohio
Chicago & Alton
Chic & Northw
L& el E
Col Fuel & Iron
Col & South
Col & HC &Ir
Consol Gas
Consol Coal
del & Hudson
del Lack & W
Asoie
Denv & Rio Gr
Stecces
Denv & Southw
Des M & Ft D
Detroit Southern
United R R
Erie Do
W & D City
Gen Chem Co
Genectric Co
Gtrthern Prey
Valley
Lowa Central
Kan City
S&m
Naess
Missouri
HOD Nash & Cat
Jsiby
Nat Biscuit
Atral
Nynh & H
Penn
Ria & E
Peo Gas & Ke
Wos Ae
Pere Marquette
Pullman P
Soo Rens & Sara
Kep Iron & Stl
Bem Bote
Rome
W &Ox
St Jos & Gr I
St L & San Fr
St Louis
St & Ir
Southern Pacine
Southern R R
Rope & T
Tenn Coal & Ir
Sun
Tol Ry & Light
Texas & Pacific Azy
Do Land Trust A
Third Ave
Tol St L& W
Union Bag & Aaa
Union Pacific Saa
U S
Aoe Bess
Wabash Sateen
Wells Fargo
West Union
Westingh Mfg
Wisconsin
London
Amalgamated Copper
Anaconda
American Ice
Atchison Common
Brooklyn Rapid Transit
Baltimore and Ohio
Chicago
Colorado Fuel and Iron
Delaware and Hudson
Erie
Louisville and Nashville
Missouri Pacific
New York Central
Northwestern
Norfolk and Western
People’s Gas
Reading First
Republic Iron and Steel
St. Paul
Southern Railway
Southern Pacific
Sugar
Tennessee Coal and Iron
Union Pacific
United States Steel
United States Leather
Western Union
United States
Treasury
West Virginia
New-York Stock Exchange
Great Britain and Ireland
Gary
Bulkeley
Tna Indemnity Company
Hartford
Conn
W. H. Bulkeley
E. H. Gary
United States Steel Corporation
Exports of Merchandise and Consolidated Exchange Sales
Exports of merchandise show December totals 7,208.04 with 6,001.49 weekly figures and year to date 452,630,042. Consolidated exchange sales report bonds and estimates, with Green Bay and Ged listed among figures, including a $5,000 sale and various est. values.
Gas Companies Bid Prices and Standings in 1990 Credit Market
Listing from William E Nichols & Co at No 15 Wall St shows bids and asks for gas company bonds and preferred stock. Notable items include N and East R Standas 1990 bonds at 115 116 percent, Cen U Gas 5s around 110 112, Nor U 1st 5s at 106 109, Mutual Co. 5s and Stand Gag at 132 145 107, and Brooklyn Union around 22.
MENTIONED IN THIS ARTICLE
William E. Nichols & Co
Brooklyn Ferry
Hoboken Ferry
M &N
Reece
NY & ER Ferry Co
NY & H
Union F
NY & B
NY &N J
William E_ Nichols & Co
Wall St
Bio
East R _Standas
Cen U
Nor U
Mutual Co
Brooklyn Union
Atlantic Ave
Atl Ave
Bklyn Heights
Bklyn B & W
Bklyn City
JI & Th
Bklyn C & Newtn
Coney Island & B
Coney Island & B Ctf
Calvary Cem & G
J & Gpt & Lorimer
M& N
Grand St & N
Jamaica & Bk
W & FI
Sea Beach
di Paccee
Yonkers St Ry
Met
Ry. Ls A
November Failures in US Businesses Reported by Dun & Co
Reports of R G Dun and Co show November commercial failures in the United States totaling about 1,000 with $9,276,716 in liabilities. This compares with 974 failures and $9,070,446 last year. Manufacturing failures totaled 213 for $3,391,000, trading line failures 746 for $5,029,843, and other commercial defaults 41 for $855,813. Banking and financial insolvencies were four cases totaling $157,369, versus two failures for $450,000 in November 1901. A table charts monthly commercial failures over the last three years.
MENTIONED IN THIS ARTICLE
R. G. Dun & Co
United States
Outside securities steady with Northern Securities leading gains
The outside securities market showed slight volume growth with Northern Securities active, advancing 2 percent to 110 before giving back early gains. Consolidated Refrigerating rose to 7 1 2 percent, Distilling of America up 2 percent, Virginia Iron irregular, and Interborough Rapid Transit 40 percent paid trading around 117. The copper issue White Knob up 2 percent, Greene Consolidated near 255 to 257 1 4, with British Columbia at 6 6 1 2 and Montreal and Boston at 2 1 2. Market closed firm but quiet.
MENTIONED IN THIS ARTICLE
Distilling of
America
Virginia Iron
Interborough Rapid Transit
Standard Old
White Knob Copper
Greene Consolidated
British Columbia
Montreal
Boston
Also Mentioned on This Page
THE
Stock Exchange
Cetn Ist Inc
MLS & WE
MK & T
Beé& O
Nor & West
Boon Chic & Erie
Cb & Q
St & O
Col & So
South Ry
R & T Inc
Tooo DE Rio
Union Pac Ist
Tan Green Bay
L&eweeg
Son West Shore
Lou & NC T
Do S
Fley Ist Fis
Iyo
Yao Ww & L
Do Ist Inc
Belcher Ane Awiane
Cal & Va
Mollie Gibson
Wall St. Id
Aaron
Majestic Con
Manhat Transit
M & B Cop Co
Nat B
Cuba
Bay State Ga
Nat'l Sugaree
Borden's
Camd & T Ry
Camden Land NY
North Securities
Otis Elev
Pac &N Consol
És Distillers
Pioneer Min Co
Roy
Domin S
L & Su
Electric Boat
Seaboard Air L
Elec
Jentence
Mens
St Louis Trans
Tenn
Union Copper
United Copper
Golden
IUS
Greene Con
Gugg Expl Co
IUS Steel
Va Coal l & C
Houst Oil
Washer Co
Inter Marine
White Knob
ST &Mk & T
Am C&f
Central
Am Locom
Am Smelting
Top & S F
Pee G & C
Penn RR Sts Balt & Ohio
Brooklyn RT
CM & St P
Chic
Gt West
Oak Col F & L
Immissj&gi Spee
Col
Lock Valley
U S Leather
U S Real & C
IU S Steel
Iowa Oat A
Kan C & S
Ona Ance
Ee & Nash
St Ry
Mex Central —— West Union Tel
Wis Central Ase
Miasour
Pac
Oregon
Erie Poe
Louis & Nashville
Carieain
Eis
BONDS
U.S
American Securities Abroad
Money and Exchange
R. L. Day & Co
Nassau St
Bost & Albany
Boston & Me
Atlantic
Cira&e
Bingham
Fituchburg
Cal & Hecla M
Nynhe&É & H
Old Colony
West End St R
Franklin
Mass
Mohawk
la Min. &T
Tel & T Co
New-Eng Tel
Parrot
Quincy
Dominion & Sti
Wall Street and Exchanges
Consolidated Exchange Sales
Green Bay
Wall-st
American Elevated Co
Amer. Light & Trac
Mé&s Amer. Valley Co
Aberdeen
F of
American Bank
American Brass
Press Association
Ship Building
Soda Foun
American Thread Co
Bliss E. W. Co
E. W. Co
Celluloid Company
Chesebrough Mfg
R. R. Ter. Ele. Co
Water Co
Jas
Empire Quicksilver
Empire Steel
Empire S. Sugar
Gorham Manuf
Hudson River
Hall Signal
Herring H. M
Herring H. M. Co
Herring H. M Co
P. c. Pa
Inter
A&d
Inter. Elevating Co
J. B. Stetson
A&s
Lanston
Maine S. S
Maine
S. S
Madison Square Ga
M&n
National Enamel & Stamp
National Enamel & S
N. J. Stevedore
Tiaase
Tiaase QM Ram SH N. J.N. J. & Tqj 156 144 National Gramp
Old Dominion S
Pitts
Ress. & L
A&o
Pratt & Whitney
Procter & Gamble
An. Mills
Swift & Co
St. Ferry
Weller & Co
Trenton Potteries
U Ry
U. Ry
St. L
UN. Tob. Co. Ch
UN. Tob. Co
U. S
U S. Glass
S. Glass
Ass'n. Westinghouse
Worthington
Wall-st.y
Brooklyn
Tadimialaa J. & J
Wall At
Amer Light & Trac
Eeceee
E & P Co
Colum Gas Co
DG & E
Hud Co
Indianap Gas
Jackson Gas Co
de Haven & Townsend
North Penn
Am Ry Co
Beenee
Philadelphia Co
Penn R R Co
Penn Steel
Cambria Steel
Penn Elec V Co
Diamond Steel
Ewes
Elec St Bat Co
Phila Elec Co
Phila RT
Elec Co of
Phila & Erie
Fmt Park T Co
Susq Iron & Stl
Tidewater Steel
A Eames
UN Cos
Lenin
UN Gas A
Welsbach
Newark Pass
Asp
P Ry
Justice
Kentucky
Andes
Lady Washington Belcher
Belcher
Ae Caledonia
Overman
Potosi
Chollar
Savage
Cal & Vi
Sierra Nevada
Imperial
Old Syndicate
Crown Point Coor St Louis
Gould & Curry
Sas
Union
Hale & Norcross
Utah
Julia
Yellow Jacket
Wisconsin Central
Bia
Alliance Realty
See
Amer Surety Co
Expensa & Mtg Gr Co
J. Saown
Bowling Green
Charnes
Broadway
Century Rity Co
SF & A
SS Ae
Continental
Wse&j
ST. Lovuis Fifth Ave
Guardian
Hamilton
Hudson Realty
Searecees
Kings County
Knickerbocker
T & Ins
M I Co
Mercantile
Morton
Mutual Alliance
ADS Ae North Am Tr Co
Nassau
WBS Ae
Lin & Tr
NY Security & T
Quar F. Las ST. Louis Soluthwestern
NY Mfg & Sec
Mthiy J. Az
T Co
Wsa&j
Realty Associates
J Ai
Gr & Tr
TSE Trust Co
Republic
Southern
Usm&tco
van Norden
Saar
Windsor Williamsburg
Gulf and
Ship Island
Miles Opera Inc
Inc
Outside Securities