Stock Prices Close Weak on Market Briefs and Bond Mix
Closing prices yesterday show weak trading across prominent securities with mixed net changes from Tuesday. Notable entries include Ohio issues near 294s, Brooklyn RT around percentage points, Canadian Pacific at 128, and diverse bonds from Adams Ex to L&N Geneee with varied yields and maturities reflecting a cautious session.
Railroad and Other Stocks Consolidated Exchange Sales
Unlisted shares totaling 100 were offered on the Consolidated Exchange in a brief stock sale, with no further details on price or buyers provided in the readable portion.
Market trading muted by fears of higher rates and cotton spillover
Stock activity showed irregular moves with a general bias to lower levels as call money hovered around 6 to 7 percent. Major names like Manhattan, Brooklyn Rapid Transit and Southern equities traded loosely, while a strong cotton report sparked drops on the Cotton Exchange and export hopes. Fed policy notes and Treasury drain highlighted by Secretary Shaw suggest a debate between perpetuating debt as bank circulation or adopting asset currency with government backing.
MENTIONED IN THIS ARTICLE
Manhattan
Brooklyn Rapid Transit
Sugar Refining
Atchison
Reading
Missouri Pacific
Southern Pacific
Union Pacific
Cotton Exchange
Sub-Treasury
San Francisco
South America
Federal Treasury
Treasury
Shaw
Government and Railroad Bonds Market Summary
Market steady with final quotations for government bonds showing various 2s 1830 reg and reg 4s 1807 cou. values. Railroad bonds moved lower with total par sales $1,725,000, led by Atchison general 4s and other major issues like Baltimore and Ohio gold 4s and Southern Pacific 4s. Consolidated Tobacco 4s also traded actively.
MENTIONED IN THIS ARTICLE
U.S
Atchison General
Baltimore and Ohio
Central Pacific
Chicago
Burlirngton and
Quincy
Rock Island
Wisconsin Central General
Consolidated Tobacco
American Securities Abroad Irregular Market Report
London market for American securities shows irregular activity with small final changes. Last prices follow and reflect modest shifts across major issues as traders assess overseas conditions and currency effects.
MENTIONED IN THIS ARTICLE
London
Money Market and Foreign Exchange Report
Money on call opened 7 percent high, 7 low 3 last loan 4, close 4. Time money at 6 percent. Commercial paper at 6 percent for 60 to 90 days and six months. Market closed dull in foreign exchange with closing rates for sterling francs guilders and reichsmarks. Bankers posted rates show minor shifts. domestic exchange notes par or near par in several cities. Federal receipts and expenditures for the day and month noted along with national bank note redemption and Sub Treasury credit balances.
MENTIONED IN THIS ARTICLE
Guilders
Paris
Belgium
Switzerland
Germany
Reichsmar
Holland Guiiers
New Orleans
San Francisco
Telegraph
Boston
Charleston
Chicago
Cincinnati
Savannah
New York
Baltimore
Philadelphia
London
Berlin
Berlin Exchange
Paris Exchange
Madrid
Lisbon
Buenos Aires
Washington
National Bank
Sub-Treasury
Clearing House
Wall Street and Exchanges Foreign Trading Report
Foreign houses traded 45 000 shares in the local market, mostly sales. American stocks in London showed no major feature, with prices largely under parity. Bar silver weakened to 2113 16d. Rock Island earnings for October surpassed last year, signaling a strong year for fixed charges and preferred dividends. General Electric declared a regular quarterly dividend payable January 15. Lamb named director of Mutual Reserve Life. James B. Forgan elected to Equitable board.
MENTIONED IN THIS ARTICLE
London
Bank of England
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
Manhattan
Missouri Pacific
New York Central
Northwestern
Norfolk and Western
People’s Gas
Reading
Rock Island
St. Paul
Southern Railway
Southern Pacific
Sugar
Tennessee Coal and Iron
Union Pacific
United States Steel
United States Leather
Wabash
Western Union
Republic Iron and Steel
Rock Island Company
Lsted
ST. Louis
San Francisco
The
Stock Exchange
Chicago and Eastern Illinois Railroad Company
General Electric
General Electric Company
Lamb
Acker
Mutual Reserve Life Insurance Company
Henry L. Lamb
Banking Department
John T. Acker
Equitable
Equitable Life Assurance Society
James B. Forgan
First National Bank of Chicago
Exchange
Coffee Exchange
C. M. Bull
C. E. Bayne
W. J. Pick
F. O. Lehman
E. H. White
Buffalo Gas Company
People’s Gas Light and Coke Company
Connecticut Railway and Lighting Company
Eastern Trust Company
Eastern Trust Company of New York
State Banking Department
Index Numbers Show Price Dip Despite Warmer Tone
Sun's index of commodity prices was 100 449 on December 1 down from 101 378 a year earlier. Breadstuffs and meats show declines while dairy and garden items rise. The report notes mild November with hints of winter reducing production and urges caution on future prices. Per capita circulation stood at 20 52 dollars, with 100 449 measured for December 1. A Tintoretto voyage carries 100 000 in gold coin to Buenos Ayres.
MENTIONED IN THIS ARTICLE
Sun
Tintoretto
Buenos Ayres
Ion Changea
Treas
United States
Shipments of $1,000,000 for London wheat financing
The Bank of British North America acting for George O. Gordon, River Plate Bank local manager, ships $500,000 and Goldman, Sachs & Co. ships another $500,000. The shipments are for a London account and will fund moving Argentine wheat to Europe.
MENTIONED IN THIS ARTICLE
Bank of British North America
George O. Gordon
River Plate Bank
Goldman, Sachs & Co
London
Europe
Outside Securities Market Ends Mixed With Narrow Range
The outside securities market showed dull, irregular activity with most issues trading on small scales. Northern Securities led scant activity, Virginia Coal and Coke fell over 1 percent on light trades, bonds rose about 1 percent, and several issues such as Interborough Rapid Transit and Consolidated Refrigerating moved on thin volumes.
MENTIONED IN THIS ARTICLE
Northern Securities
Virginia Coal and Coke
Consolidated
Interborough Rapid Transit
Bay State Gas
Philippine Construction
Greene Consolidated
White Knob Copper
Montreal
Boston
New Orleans
St. Louis
Gas Companies. Union. Bid and ask listings by issuer
Gas companies quotation page listing issued prices. Stan Gas 4 1/2 1184. Cen U Gas 5s 116. Equit Con 5s 117. Mutual Co 4 15. Am Co 5s 107% 169, 160. Brooklyn Union 22 299. NY &
MENTIONED IN THIS ARTICLE
Smi
Kan
Lee Gas
Adams
L. & N Geneee
Nor & W
C& Nws
Penn
CB & Q
Béo Gola Sa
BOO
B&o
Oregon SL
Lnion Pac
GL & C
Wabash PD
Cen Ist Inc
Col & So
Ist
Dol City Gas
Dm& M
Do Inc
Tex & P
CR & N
Fit &P
William FE. Nichols & Co
Wall-st
Keystone Mag
Majestic
Manhat
Iim&r Co
Bay State
Nat B
Cuba
Borden
Nat'l Sugar Ee
North Securities
Champion Oil
Otis Kiev
Nado Dues
Pioneer Min Co
Domin
Standard Oil
Iz Go Press
Electro-Pneu
Ss Ja
St Louis Trans
Tenn Copper
Union Copper
Gola Hut
I United Copper
Greene Con
Sil! S
Gueg Expl Co
Stee
Houst Oil Co
Va Coal
Trans Eaves
Inter Marine
William E. Nichols & Co
Saas
Stan Gas
Cen U Gas
Equit Con
Mutual Co
Am Co
Brooklyn Union
Vallety
Hoboker Ferry
Brooklyn Ferry
NY &E R Ferry
NY & H F
J.-Q. Nye&n
Securities Auction Results At New York Real Estate Room
Securities sold at auction yesterday in New York by Adrian H. Muller & Son included the Pittsburg Fort Wayne and Chicago Railway Company 4 per cent income registered secured by a third mortgage worth 1000, and United States 4 per cent registered consols of 2000, plus Canada or state bonds with 5 per cent coupons totaling 3400.
MENTIONED IN THIS ARTICLE
New York
Real Esta
Adrian H. Muller & Son
Pittsburg
Fort Wayne
Chicago
Raiway Company
Gallee
Also Mentioned on This Page
Halt & & Ohio
Brooklyn RT
Canadian Pac
Des & Ohio
M & St P
Chic Gt West
Col & South
Fio
del & RG
del & Hudson
del Lack & W
Evane & TH
Hoek Valley
Iowa Central
Louis & Nash
St By
Mex Central
Missouri Pac
MK & T
aiRep
Rubber Goods
SJ &Gi
St Lj& S F
Southern Ry
Consolidated Exchange Sales
Seca
Albany & Sus
Adams Express
Allis Chaim Co
Amer
Car & Fedry
Tel
Tel & Tel
Ann Arbor
Salen Atchison
Ealt & Ohio
Klyn
Brunswick
Buff R & Pitt
Butterick Co
Ty Boy
Canada South
Canadian Pacific
Ches & Ohio
Alte
East Il
Sax Bay
Col & Hern
le Col & H
de & Rilo Gr
Deny & Southw
E. Des M & Ft. D
Detroit
Vuthern
Union RR
Ora
Ois
Evans & T H
W &Voc
Gen Chem Co
Gen Electric Co
Hocking Valley
Illinois Central
Kana & Mich
Kan City & Ao
Mae
Mae Looe KC FS &M
Keok & Des M
L & Western
Long Island
Ouis & Nash
Met Street
Michigan
Minn
St Louis
Nationa
Nynh&h
Norfolk & West
Tis Northern
Ontario
Pacific Coast
Pacific Mail
Penn RR
Peoria
East
Ian Pere Marquette
RY Lance
Agis
Pullman P
Tase RR Securities
Steel
Rens & Sara Oo
Rep Iron
Od Mae
Bali & Ohio
Brock Rap Tran
Col Fuel & Iron
St Jos & Gr
Col Southern
St L & San Fr
Ilinois Central
Latvia
Matt Mo
Pennsylvania
Tenn Coal & Ir
Wits
Tolly & Light
Texas & Pacific
Rep Steel Ae
Do Land Trust Rock Islan
Third Ave R
Tol Peo & West
Tol Stl & W
Eeeese
Tenn Coal & I
Twin City Raes Ans
Texas Pacific
Ais
Union Bag & Pi
Inv
Igen Western Union
Scip & Fi
U S Steel
Wells Fargo
West Union
1St Wheel
SS Ser
Ing
Spp Chegiindas Ee Ensatarenereocae Wabash
TBS
Noid
Cal
Leadville
Die Moliie Gibson
Ophir Eoesse
Potosi
Ewearede
Eee
Werner Ener
American Securities Abroad
New-York N Close
Ses Atchison &3
Aio Va
Milinois Central
NW Y
Wits Tk
Reading Pacific
Union Pacific Oocewes
Wreesioebeuesee
Money and Exchange
Wall Street and Exchanges
New-York
Outside Securities
Wall St
American Elevated Co
Amer. Light & Trac
Valley Co. Bom
Pt&ec
American Brass
Press Association
Soda Foun
Soda
American Thread Co
Loo
Bliss E. W. Cow Co
Bliss
F&a BS
Deny In
Water Co
Jad Tech Empire Quicksliver
Maeecoraaell
Empire Steel
Empire S. Sugar Eel
S. Sugar
Gorham
H. M
B. Stetson
A&s
J. Far
Lorillard
Lanston
Maine S. S. Bonds
Maine
Madison
Uere Garden
M& N
Markeen
Mergenthaler Yves
National
Sait Manuf
A&o
Pratt & Whitney
Procter & Gamble
Ania
Ao 7
Securities Co
Simmons Hardware
Stimpson-Crawford Co Singer Mfg
Mill Co
Stan. Mill Co
Stan. Mill. Co
M&n
Swift & Coast
Weller & Co
Trenton Potteries
New
Red Union Switch & Signal
Union Switch & Signal
Union Typewriter
Aewecere Vvs Lumber
Sete
St. L
St L
Tob. Co
S. Envelope
U. S. Glass
Westinghouse Air Brak Worthington
Clinton Gilbert
Mes
Janes
America
American Exch
Astor National
Ewer
J. Bowery
Jane Broadw
Butchers & Dr
Fifth Avenue
Fourteenth Street
N. i Gallatin
Gansevoort
Garfield
German-Amer. Or
Echanics
Echanics & Tr
Exeh
J. Mount Morris
Mutual
Nassau Sm
Nat Bank
New Amster
XNEA
J. N . County
North America
J. Pacific
Feople
Ishington
Joseph Walker & Sons
Yas Albany & Susq
Jas Mz Alleg & West
Jas
Augusta & Sav
C of Ga
Inesech Creek
C&k
Omaston
N Y
Air Line
A&o 106
Atawissa
Ayuga & Sus
Camden & Burl
Clevel & Pitts
Columbus & Xenia
Concord
Conn & Pass
Rost & LL
RB & M
Danb & N
H & SW
is&éMs
M&nnn
West UN
T&d
Tercoan
Cen
Zaezs
M&s
K L & Sag
Cc & A
A&gr
Betalae
Hill & S H
Ile & Ohie
F&a
Ris & Essex
Sh & Decatur Tl
L& West
Dl&w
Carolina
R & PF
Ithwestern
Fica & Brinyce& HD
J & Canal
Dl& W
Ras Ware River
Bast & A
Warren
Dl& Wi
Amer Light & Trac Aevieceseens
BE & P Co
Colum Gas Co
DG & E C
Ft W
New Haven Gas Co
NY &Qel&p Co
Syracuse
St Jose
St Pau
William EB. Nichols & Co
Amieenna Atlantic
A&oo
Bklyn Heights
Bklyn B & W
Bklyn City
Consus
Bklyn Crosstown
Ié& Bkiyn
C & Newtn
Coney Island
Coney Island & B
Calvary
Lorimer
Grand St & N
Jamaica & Bk
W & FI
Sea Beach
Linseesnee M& N
Yonkers St Ry
Met. St. Ry
Brooklurn
Ave RR
Inc
Asses