Mechanics and Traders Bank Votes to Trim Board of Directors
Stockholders meeting votes to reduce the directorate from 25 to 20. Ex-Controller Edward M. Grout named president upon resumption, with A. Dederer likely retained as cashier. Reopening planned by July 16 contingent on 9 percent depositor consent. deposits about $5 million, capital $1 million, surplus around $500,000. Cash on hand about 4 percent of deposits. 13.9 percent of shares represented at meeting.
MENTIONED IN THIS ARTICLE
Mechanics and Traders’ Bank
Edward M. Grout
American Securities Abroad Market Report
London market quiet with minor price changes for American securities. Notable quotes show mixed gains and losses across London and New York closes, with foreign money rates and exchange figures for Berlin Paris and Paris to London, plus British consols and French rentes cited.
MENTIONED IN THIS ARTICLE
London
New York
Chenges
Pacific
Inion Pacific
United States
Berlin
Paris
Paris Exchange
Bargold
Berlin Exchange
Light stock trading ends with modest losses
Trading shows small losses with 2 409,044 shares in 510 shares compared to 175,079 shares for the day. Figures reflect January 1 to June 30 totals, inclusive, with a 4.3 percent rate noted and listed data.
Steel stocks buoyed by cash surplus and steady dividends
The market diary notes a light trading day with six issues above 5,000 shares and Oak of 175,079 total shares. Union Pacific United States Steel and Reading led activity while Ontario & Western and Western Union posted small gains. Money was easy, and Steel's cash surplus supports investor confidence despite a dull mood.
MENTIONED IN THIS ARTICLE
Union Pacific
United States
Stcel
Reading
Ontario & Western
Western Union
Steel Corporation
New York and Other Gas Securities
New York and other gas securities rise on market activity with focus on interest rates and investor demand amid shifting energy sector outlook. Strong entities include gas companies and financial institutions guiding price movements and policy signals.
MENTIONED IN THIS ARTICLE
New York
Bond Market Sales and Listings of 1900s Bonds
Listing of bond prices and available issues across 1900s markets. Includes 4s and 5s from NY City firms, rail and utility debentures, intercity notes, and regional securities with prices, percentages, and quantities noted. Highlights include Gen Elec Deb, Interborough RT Notes, Westinghouse, Green Bay Deb, and Penn State 1915 issues with varied yields and denominations.
MENTIONED IN THIS ARTICLE
Green Bay
Interborough RT
Unifled
Mda Fieten
Scaco
Cissooo
Penn Stes
Money Market and Foreign Exchange Summary
Money on call opened at 1 percent, with rates edging to 2 percent. Time money options show ample supply, with 60 to 360 day maturities quoted. Foreign exchange opened easier, cables around 4.8710, demand sterling near 4.8729, gilt-edged rates for sixty days. Bank clearings across major cities totaled over 300 million dollars. Sub-Treasury shows a debtor position to the Clearing House of 1.16 million.
MENTIONED IN THIS ARTICLE
Mercantile Paper
Germany
Paris
Belgium
Switzerland
Holland
Boston
Chicago
St. Louis
San Francisco
New Orleans
Cincinnati
Savannah
New York
Philadelphia
Baltimore
London
Madrid
Lisbon
Washington
Sub-Treasury
Clearing House
Last stocks on NYSE show no transactions yesterday
The day’s last actual sales and closing quotations for NYSE stocks with no trades include Laclede Gas pref at 51 bid 54 ask 7, Am Can 4% at 4 bid 4 ask 5, Marine 7% at 7 bid 7 ask, and numerous other named firms with closing figures. Names include Am Exp, Mackay Co, Nat En S, Bethlehem Steel, NY Dock, Atchison, Read, and many more.
MENTIONED IN THIS ARTICLE
Reeoraagh Metronetten
Allis-Cimmers
Interborough-Metropolitan
Allis-Chalmers Co. Pr
Hite
Interborough-Metropolitan P
Amalgamated
Opper
És Hole
Ze Om International Harvester Pr
American Can
International Paper
American Car Foundry
American Ice Securities
Ray Wa
Louisville & Nashville
Manhattan
Aera Et & St. Lou
Missouri
Kansas & Texas
American Steel Foundry
Rat
Missouri Pacific
Dis Ty
National Biscuit
American Steel
Newhouse M. & Seer
New York Air Brake
Tel
New York Central
New York
Ont. & Western
Norfolk & Western
Atchison
Northern Pacific
Baltimore
Brooklyn Rapid
Butterick Company A
People’s Gas & Coke
Aoi
Canadian Pacific
P., Co. & Pressed Steel
Chesapeake & Ohio
Chicago Great Western
Chicago
Mil & St P
Mil & St. P
Chicago & Northwestern
Lal
Republic Iron & Steel
Colorado Fuel & Iron
Republic Iron & Stee
Colorado & Southern Teecewes
Rock Island
Clorado & Southern 1St
Southern Pacific
Southern Railway
Comstock Tunnel
Toledo
St Louis & West
Delaware, Lack. & Western
Union Pacific
Erie
United States
States
Stee
Ns Ag
United States Steel Pr
Utah
Great Northern Pr
Car
Great Northern
Western Union
Minois Central
Ees
Illinois Central
Westinghouse
New York Stock Exchange
Klofcofm
Laclede Gas
LE & W
Lake Shore
AC & Fp
Long Island
Mackay Co
Manhat B
MD Coal
H&l
Met St Ry
Midh
Lmnp
M & St L
Nash & Ch
Nat Bis P
NatEn& S
NY Dock
Beth Steel
Inyl & E
INY &Nji
Bk U Gas
H&h
Brunswick
Norf & Wp
BR & P
Norf Ctf
Ont
Rbuf&É
C& Sat
Pac Mall
Peo & Hast
PeCceStl
Pitts Coal
Quicksilver 'S
Clev & Pit
F & Ip
O C&l
Co del & Hu
D&rg
Dm&fd Zim
Ev & T H
Granby M
Ing Rand
Iowa
Kana & M
Tcfis&mp
Ezdm
Consolidated Exchange Sales Mark Light Trading Day
Oppressive heat suppressed activity on the Consolidated Stock Exchange with unusually small volume and price fluctuations. Early gains from crop reports and strong money flow gave a firm tone, but later profit taking pulled prices back and the close was heavy with no large net declines.
MENTIONED IN THIS ARTICLE
Consolidated Stock Exchange
Investors Read The Wall Street Journal Ad Seeks Partner
An advertisement seeks investors to fund a portion of a manufacturing business. A. B. Bou invites joining with an advertiser to buy into an established operation with a need for $20,000 additional capital. Tribune Office contact provided.
MENTIONED IN THIS ARTICLE
The
Wall Street Journal
RTV
A. B. Bou
Tribune
Foreign government securities bid and ask listings
Bid and asked prices for various foreign and domestic government securities including Germany 2 1 2 49, 0 percent 91, City of Col 8 percent, Bay government 4s 99 100, City of Man 4s 99, Hess government 5s 1 tty of Auge 4s 96, Sax government 6s, City of PM Jae 90, Hamp government 3s, Mexico government gold Sa 10 percent 108.
MENTIONED IN THIS ARTICLE
Lt & Tr
Jackson Gas Ss
Kan City
Lafay Gas
Bingham G
Mad
Buffalo Gas Mutual
NY & E R
Pg&c
Ohio & Ind
Paterson & P G
Con Gas N J Ss
Pitts Con
Denver
St J Gas
Fort W
St Paul Gas
Indianapolis Gas
Syra
Syra Lt & P
NY City
T & T Conot
Col & So
SCR
Cc Ri& P
Col Mia
Gercons
City of
Col
Bay Govt
City of Man
Hess
Sax
PM Jae
Hamp
Also Mentioned on This Page
John Munroe
Pine St
Post Office Sa
Commercial Letters OF Credit Foreign Exchange
Munroe & CO
Rue
Scribe
Arthur Cramp
Iste
the Times
Stock Exchange
America
London& Paris Exchange,Ltd
Basildon House, Bank
England
R. R. General
Chisholm & Chapman
Wall Street
New York City
R. L. Day & CO
Wall St
Congress St
News and
Boston Stock
Edward G. Johns
Exchange Place
LA Rose Consolidated Cobalt Central Telephone
Hanover
Za American Finance and Securities-Co
Nassau-St
White & CO. Bankers
Pine Street
John
Stewart & Lockwood
Toronto
Adelside St
East
Illinois
Gentral
Boucht
Schmidt & Gallatin
York
American Steel Foundries
Kato John
Pink St. N
Grout Mechanics & Traders’ Head
Bank
Direc
American Securities Abroad
H.S
Oesserat
Ferry Companies
Rocklyn Ferry
Benne TM Exern
Correst With
Bryan
Senate
Taft
Mt & Soses
Westing S
West Shore
Money and Exchange
Akty Bears
Pac
Tenn
iTex & Pac
Third Ave
Tol Ry & L
TSL& W
T City R T
Jc Bag & P
U Ry Inves
Consolidated Exchange Sales
Ing
Allis—Chalmers
S$ F
Balto & Ohio
Reis
Sis
Brooklyn RT
Ches & Ohio
Central Leather
Col Fuel & Iron
Nts
NY Central
NY Ont & W
Pennsylvania
SO Rep Steel
Utah Copper
Boston & Alb
Criré&Wu
Franklin
Clinton Gilbert
Mass
Mohawk
Sale Alliance Realty
Bankers
New Eng Teliz
Cal & Va
I MM
B & Mtg G Co
Mount Vernon
West
Tel & Tel
Quincy
Comstock
Pe Broadway
Mercantile
Soolin
Wolverine
Fl Paso Brooklyn
Metriitan
Smelt Co
Goldfield
Iss Carnegie
Mtge mi Co
Atlantic
Ontario
Ity Inot Co
Nassau Treeesee
Shannon
Ophir An
Citizens
Nat Surety Co
Mty Bineham
Columbia
Nyli& T
We Commonwealth
NY Mie & Sec
NYL Trust Co
Empire Trio
People's Er
A & Lockwood
A& T Co
Ain Standard Trust
Flatbush
G & T Co
Trco
Pooth Vane
Contagas A
Peterson Lake
SS Rite Guardian
Uv & Cas Co
Crown Reserve
Red Rock
Harmstten
USM
Ustgeico
South Side
Green-Meehan
Hudson Realty
van Norden
Diamond Match
Chicago Rys
Kerr Lake
Trethewey
Hudson Tr Co
Little Nipis
Watts Seer KC
Serene Beato
Highsold
Alaska Mines Sec
Atlanta Goldfield
Boston Copper
Brit Col Copper
Butte Coalition
Butte
Florence
Ats
Giroux
King Edward
Mason Valley
Exp & Moe
Miami
McKinley
Nevada
Nev-Utah
Nipissing Mines Co
North Butte
Old Hundred
Penn Wyoming
Tonopah
Nev
Tayra Dev Pftd
Union Mines
United Copper
United Ricos
Yukon Gold Mina
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Mexican Central Railway Company, Limited
National Railroad Company OF Mexico
Central Trust Company of New York
Mexican Central By. Co., Ltd
Messrs. Kidder. Peabody
Speyer & CO. Hallgarten & CO
Bank For Handel Und Industrie Berliner Handelgesellschaft
M. V. R. Weyant, Sec’y
Broad Street
Chesapeake & Ohio Railway CO
Richmond
Virginia
Central Trust Company of
Decatur Axtell
J. P. Morgan & Co
Andrew J. M'Cormack
Adrian H. Muller & Son
Exchange
Vesey Street
Outside Securities
National Railway of Mexico
Standard Oil
Nevada Consolidated
Cumberland-Ely
Greene-Cananea
Cobalt Central
Goldfield Daisy
Goldfield Consolidated
Bay State Gas
Man Transit
Metropolitan Trust
Capital, Surplus & Brayton Ives
Anton A. Raves
Beverly Chew Bertram Crig' George N Hak
Jas F. McNamar
Rupert W
Frederick FE
Frances M Bacon
William L. Bull
William D. Crawford Clarke
Mann
Erie Railroad Company
Swartwout & Appencellar
Am Cigar Co
Am Tel & Tel
Atlantic Coast Line
Bay Fay
Balte
Ohio Ser
RIL & Pape
Interborough
Bis
Jollie Tonyson
Kan City R & L
Tetrary
Toit
Lackawanna Steel
LS & M
Louis & Nash
Mid Central
Minn & St I
Toll
Ties
M Nyc
NYC L
Nynh&hspe
Pub Serv Corp
Seab
M & So E
Thern Ry
Reea
van Schaick & G
United Railway
Tncomes
Norf Ry & Lt Se
Chas City
Union Trust
Third Nat Bank
UN Fidelity
Maryland
Charles D. Co
Bread Street
4Th Street
Am Cement
Tate Val
Am Ry Co
Marsden
Cambria Steel
Philadel Co Consor
Peon R R Co
Penn Steel Co
Fairmount Tracs
Philadel Elec Co
Philadel R
Ins Co
N . Am
Smokeless Lake Sup Corp
Caton
Itr Gas Imp Co
Lehigh
Welsbach Co
Elec & Peo
Philadel