Stocks Slip as Money-Rate Rise Dampens Bullish Action
Stocks generally moved lower as advances in money rates cooled active trading. Government bonds showed firm strength while railroad and utility issues logged irregular turnover. Major issues included US Treasuries of various maturities and several Class A railroad and industrials with notable activity in Atchison 4s, Union Pacific convertible 4s, and Southern Pacific 4s.
MENTIONED IN THIS ARTICLE
U.S
Atchison General
Chicago
Burlington and Quincy
Rock Island and Pacific
Colorado and
Southern First
Green Bay and Western
Mexican Central
Manhattan
Oregon Short Line
Reading General
Southern Pacific
Third Avenue
Union Pacific
Wabash Debenture Bs
Wisconsin Central General
Colorado Fuel and Iron
Consolidated Tobacco
Market Wavers as Stocks Open Below Friday Close
The Exchange showeda mixed day with call money near 15 percent then easing. Major shares opened slightly under Saturday’s close, Amalgamated Copper active amid a 2 percent intraday swing, and a Pennsylvanian railroad stake possibly shifting control. Investors awaited January disbursements while banks deter speculation. broad market showed earnings strength in coal and steel while some issues slipped modestly.
Money and Exchange and Earnings Report Summary
Money on call opened at 10 percent with highs of 15 and lows of 6 percent. Time money quotes 6 percent for 60 to 90 days and 51446? for four to six months. Erie Railroad November gross earnings rose $494,915 with net up $41,540. despite coal strike, net earnings since July 1 fell only $188,029. Domestic exchanges show New Orleans discounts and various regional rates. bank clearings listed for New York, Boston, Baltimore, Philadelphia, Chicago. Foreign money markets note London call money at 4.4 percent, Berlin rates 3 percent, Paris 3 percent. British consols at 92 15-16, French rentes at 9 1/2. Silver and gold prices given. government receipts total $1,639,444 with expenditures recorded as of day’s end.
MENTIONED IN THIS ARTICLE
France
PRR
Paris
Belgium
Switzerland
Germany
Reichsmarks
Holland Cuilders
ERIE
Erie Railroad
New Orleans
San Francisco
Boston
Charleston
Chicago
Cincinnati
Savannah
New York
Baltimore
Philadelphia
London
Berlin
Berlin Exchange
Paris Exchange
Madrid
Lisbon
Washington
Financial figures show monthly and yearly receipts and excesses
The record lists month to date receipts 44 191 and expenditures 335 710 000 with an excess of 8 481 314. Year to date receipts 285 573 463 and expenditures 263 076 28 with an excess 22 597 235. National bank notes received for redemption 698 087. Sub Treasury notes the Clearing House as debtor 343 253.
MENTIONED IN THIS ARTICLE
National Bank
Sub-Treasury
Clearing House
Wall Street and London Trading In Copper and Stocks
London trade reported about 40 000 shares with two thirds purchases. American rail shares showed advances then steadied. curb prices fell to lows. Copper shares declined amid arbitration rumors between United Copper and Amalgamated Copper. United Copper rose on limited volume with talks of a 0.5% quarterly dividend. Iron and steel notes discuss Union Steel acquisition, Mesaba Range ties, and stock discussions. Dividends declared by the Pennsylvania Company and Pan Handle. New-York and Richmond Gas seeks bond listing. Currency transfers noted and underwriting syndicates dissolved. International Silver meeting adjourned again. Mine Securities Corporation re-elects officers and expands holdings. A new financial dictionary is announced.
MENTIONED IN THIS ARTICLE
Brooklyn
Pennsylvania Railroad
Reading
Lackawanna
Rock Island
St. Paul
United States
Union Pacific
Southern Pacific
Jersey Central
United States Express
United States Rubber
Westinghouse
Louisville
Wall Street
American Snuff Preferred
Continental Tobacco Preferred
Henry Weissinger Tobacco Company
Republic
London
Paris
Berlin
Amalgamated Copper
Anaconda
American Ice
Atchiso Common
Preferred
Baltimore and Ohio
Chicago
Colorado Fuel and Tren
Delaware and Hudson
Erlecommon
First
Louisville and Nashville
Manhattan
Missouri Pacific
New York Central
Northwestern
Norfolk and Western
People's Gas
Reading First
Southern Railway
Susar
Tennessee Coal and Iron
United States Steel
United States Leather
Wabash
Western Union
Boston
United Copper Company
Amalgamated Copper Company
Montana
Arthur P. Heinze
Amalgamated Company
Anaconda Copper
United Copper
Iron and Steel
Union Steel Company
United States Steel Corporation
Champion
Minnesota
The
Steel Corporation
Duluth
J. J. Hill
Mesaba Range
Hill
Thompson
Ron and Steel Company
Pennsylvania
Pittsburg
Cincinnati, Chicago and
New-York Stock Exchange
Lst
Sub-Treasury
New Orleans
Roberts
San Francisco
New York
Toledo
St. Louis and Western
Brooklyn Rapid Transit
International
Jay Hurley
Colorado
Silverton
J. A. Cronkhite
Mexico
Chihuahua
Smith
Howard Irving
Smiths Financial Dictionary Noted As Comprehensive Work
Smiths Financial Dictionary by Mr Smith receives high praise as the most complete reference on finance, spanning banking money credit stocks and bonds foreign exchange and securities. The volume also covers British and American terms, useful tables, and targets bankers brokers manufacturers merchants and lay readers. Officers elected for the Rome Watertown and Ogdensburg Railroad Company are listed with successors and notes on Colonel Joseph A. Sawyer. Dividends declared at Harlem Savings Bank New York Savings Bank Bank for Savings and American Savings Bank are detailed. George P. Butler elected director of Consolidated National Bank of New York. Stockholders ratify reduction of American Grass Twine Company's quarterly dividend from 14 to 1 percent per quarter for a 4 percent annual total.
MENTIONED IN THIS ARTICLE
Great Britain
United States
Rome, Watertown and Ogdensburg Railroad Company
Utica and Black River Railroad Company
Oswego and
J. F. Maynard
John M. Crouse
I. N
Watertown
Harlem Savings Bank
New York Savings Bank
Bank Forvings
American Savings Bank
George P. Butler
Universal Tobacco Company
Consolidated National Bank of New York
American Grass Twine Company
Thomas J. Hurley
Outside securities trade shows irregular session and mixed moves
Trading in outside securities was limited with notable irregularities. Havana Tobacco rose over 3 percent on small lots, Northern Securities retraced early gains but recovered, and International Mercantile Marine slipped. Standard Oil rallied, Pittsburg Lisbon and Western entered active trading, and American Can weakened late after early strength. Copper shares held steady while bond demand remained fair. market closed quiet and irregular.
MENTIONED IN THIS ARTICLE
Havana Tobacco Common
IIM
International Mercantile Marine
Standard Oil
Pittsburg
Lisbon
Western
Seaboard Air Line Common
Otis Elevator Common
Tennessee
Montreal
Boston
United Railway of
St. Louis
New Orleans
Furnished by William E Nichols Co No 1 Wallen
A fragment notes furnishing by William E Nichols & Co of No 1 Wallen or nearby street, indicating a business or address detail from the historical page segment. The text is partial, but signals an attributed supplier or advertiser connected to property or goods.
MENTIONED IN THIS ARTICLE
William E. Nichols & Co
Walle
William FE Nichols & Co
Atlantic Ave
A& O
Bklyn Heights
Bklyn B & WE
Bklyn City
Bklyn
M&n
Yonkers St
Also Mentioned on This Page
Amc & F
Ont & W
Evnocces
Central
Nyc&ml
Ugar
Nort & Wi
Pco
Enae
Penn FR R
Ratt & Ohio
Tonedian Pac
Hes & Ohio
M & Stp
Winpis
Stl&sf
Ul & South
Onsol Garlis
Southern Rs
Mn & RG Nats
Xsac
Southern Pact
del & Hudson
Tenn C & L
South
Texas & Pacific
L& W
Bat
T S Realty & C
MIT S&s Steel
Timore Central
S Hock Valier
I Ao F
Souls & Nash
West U Til
Pac
Wis Central
ME &T Cnae - Ba
At&bf
Forceun
CF & I
Scum Pac
Col & Soist
Third Ave
Briegen
Atchison Preferred
Nashville
Texas and
Amalgamated
Heinz
American Securities Abroad
Stock Exchange
Anges
Ae Atchison
Canadian Pacific
St. Paul Amaiak Ace
Ertesia Ys
Tilinois Central
Las
Louis & Nash. Co
Ootty
Southern Pacific Ee
U S Steel
Mo P Ist Col Sa
Nor & Apa
3A Inc
Do Dawa
Cel Biscas
Rio
West
Suway
Byron
Clery C &aLu
L. Swen
Gerda
Scbe Eels
Sa& P
Tom BO
R & T Inc
Tex & Pac
Aryanon
Rao Ao Va
Tister & del
Union Pac
Mook Cps & M
Kan City
LS & M
West Shore
Mo K & T
Adams Express
Albany & Sus
Allis Chalm
Amal
Pai Ae
Eae
Amer
Hide &l
Am Car & Feary
Amer Express
Amer Tob
Amer Wooigy Baas
Ann Arbor
Atchison
Eait
Ohio
Bklyn Rap
Brunswick — Paz
Buff R
Chicago & Asten
Vna & Louis
MIL & St P. TS
Chic & Northw
Agis
Pitts
Rae
Col Fuel & Iron
Col & Southern
FMS Fay
Col & He & Ir
Consol Coal
del Lack & W
Deny & Rio Gr
Des M & Ft D
Detroit
Boy &T
Evans & T H
Jer &D
Ieee Co
Ellectric Cole
Hoste
Hocking Valley
Tilinote Central
Ional Dia
Iowa Central
Michafi
Bru
Fey
Tg Bo
CFS & M
Keok & Desax
Flo
LE & Western
Long Island
Louis & Nash
Man Beach
Sas Jr
Michigan
Missouri Pact
Lot
Biscuit
Norfolk & Weer
North AL
Ontario
Pacific Mail
Penn Rh
San & East
Pere Marquette
Kcec & St L
Fidp
RAO
Ain
Quicksils
REK Securities
Rome
Jos & Gr
St L & San Fr
St Louis Southwend
Dom&o
Tol Ry & Light
Land Trust
L & West
Twin City
Union Bag & PF
Union Parifie
Feameice
Union Ae Co
US Express
T' S
Wivnle
SRIG
Brill Aa
U S Realty & C
Va-Caro Em
West Union Tel
Wisconsin
Money and Exchange
Consolidated Exchange Sales
Car & F
Sugar &St F
Balt
Bay State Gas
Brook. Rap. Tran
Can. Pacific
Ches
Chia Alton
Ch. West
Mil. & St. P
Ch. Union Traction
Col. Southern
Bae
Louis. & N
National Sea
Nat. R. R
N. Y. Central
N. We
Nort. & Western
People’s Gas
Rock Island of Ra
Southern Pac
Southern Ry
Tenn
Coal & Iron
Texas Pacific
S. Steel A
U. S. Steel Pt
Islandia
Aee
Eee Agan
Brunswick
Comstock
Hale & Norcross OY
Mollie Gibson
Ophir
Savage
Higheat
Bush
New York City
Bronx
Aececcene
Columbia
BOS
Hamilton
Mount Morris
Mutual
Lah
Nineteenth Ward
Plaza Wseeees
Riverside
Yorkville Aphoioins A
Sia
Tees Bank of Washington Heights
Cess
United National Cocceees
Borough of
Bedford Peanly
Broadway
Eighth Ward
Fifth Avenue
Nassau
Fane North Side Epessrece
Seree
Sprague
Union Bank
Twenty-sixth Ward
Richmond
Bank of Staten Island
First National
Jersey City
Hudson Co. National
SOO
Hoboken
Wall Street and Exchanges
Outside Securities
Wall St
Nat B
Cuba
Nat'l Sugar
le Am Tobacco
Bay State
Borden's
O Ry Co
Jawa Brit Col Copper
Calif Copper
Camd & T Ry
North Securities
Camden Land
Otis Elev
Pac P & N
Sas
Pioneer Min Co
Domin Secur
Rane Air L
Electro
Pneu
St Louis
Union Copper
Gold Hill Co
Ah Steene
Gugg Expl Co
United Ir
Inter Marine
Va Coal I
Inter Tran
Wash Tr Co
Re. Bare
American Elevated Co
Amer. Valley Co. Bonds Sa
Aberdeen Constrence Am
Ayaericom
Pd Am
Pine
Press Association
American Palace Car
Ship Building Am
Qyr
Soda Foun
American Thread Co
American
Fea Bliss EL W
Chesebrouw Esse Eewece Chic
Empire Quicksilver
Empire Steel
Empire S. Sugar Empire
S. Sugar
Jas Gorham Manuf
Hudson River
Hell Signal
Herring HM. Co
Herring H. M. Co
Herring
H. M. Co
J. B. Stetson
Dominion
Pitts, Bess
Penn
Pratt & Whitner
Procter & Gamte
Procter & Gambie
Quaker Oats
Consols
Simmons Hardware
Esmus Simpson-Crawford Co
Singer
Stan. Mill Co
Stan. Mill. Co
Maena
Ameld Sterling Copper Swift & Coenna
Wth
East Ferry
Weller
Trenton Potteries
Trenton
Trenton Pot
Union Switch & Signal
Union Switch & Signal Ptes
Union Typewriter
A&oo
Lead
Tob
Tob. Co
S. Glass
Ass'n
Westinghouse Air Brake
Worthington
7Th Ave
Pc Inc
Eceasse
Ave
Ave RR
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