Mechanics and Traders Bank to Reduce Directors and Reopen
Stockholders voted to cut the board from twenty five to twenty and named ex Controller Edward M. Grout as president upon resumption. A. Dederer is expected to remain cashier. Reopening slated for July 14 contingent on 9 percent depositors signing the plan. Deposits total about 8.5 million dollars with 40 percent cash on hand and 1 million capital plus 550 thousand surplus. Nine thousand shares represented at the meeting of twenty thousand.
MENTIONED IN THIS ARTICLE
Mechanics and Traders’ Bank
Edward M. Grout
American securities market shows quiet London to New York drift
The London and New York streets reflect a quiet American securities market with small price changes late in trading. Foreign money rates remain modest with call money in London at 12 to 2 percent and various discounts in Berlin and Paris alongside foreign securities quotes for British consols and French rentes.
MENTIONED IN THIS ARTICLE
London
New York
Berlin
Paris
Paris Exchange
Bargold
Berlin Exchange
British Consors
Light stock trading with small losses on vending day
Trading pace was light with minor losses as market activity sat subdued. Figures show 4,463,341 shares changed hands for the same period dating back to 1907, reflecting a historical comparison.
Market Notes Show Dull Day on Exchange After Opening Slide
A quiet trading day with six issues over 5000 shares and eight stocks driving 175070 total shares. Union Pacific United States Steel and Reading led activity while Ontario and Western and Western Union posted modest gains as analysts weigh dividend prospects and election impacts.
MENTIONED IN THIS ARTICLE
Union Pacific
United States
Stcel
Reading
Ontario & Western and
Western Union
Steel Corporation
New York and Other Gas Securities Briefly Trade
Market notes show gas securities including New York issues and other affiliations trading on light volume as investors monitor energy policy. Minor fluctuations noted across several utility stocks without major headline moves.
MENTIONED IN THIS ARTICLE
NEW York and Other Gas Securities
Bond market sales reach 1.775 million dollars
The list details diverse bonds from New York City issues to Interborough and Inter-Met notes, with yields spanning 4s to 6s and prices around 100, reflecting broad activity across utilities, rail, gas and general debt sectors. Major figures include NY City 4s at 64 percent, Interborough RT 1000 din old at 108, and Reading Gen 4s near 97.
MENTIONED IN THIS ARTICLE
Dist Sec
Y City
Green Bay
Interborough
NH & H
Acidieciae Iende
Penn
Ays Sack
Ri& P
Col & So
Westing S
West Shore
Col Mid Ist
F & RF
D & H Court
Inactive Stocks Last Quotations on NYSE Listings
The following list shows last actual sales and closing quotations for stocks with no transactions yesterday on the New York Stock Exchange. Included are last sale figures and bid and asked prices for numerous common and preferred issues, along with several corporate names and pricing data.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Los c Pf
A Ag
Laclede Gas
L EB & W
Lake Shore
Mackay Co
Manhat B
MD Coal
Ammh&l
Met St Ry
Midh Cent
Nat En & S A
Tel & CH
Nat
Ann Arbor
New
Coal
Atchison
Coast L
Pt Sr
Goon Pe
Batopi
NY Dock P
Beth Steel
Nyinyl & W
NY &Ni T
Bk Tu! Gas
NY N H&h
Brunswick
Norf & Wp
Br&p
Nor P Cf
Ont
Buff & Sp
Pac Coast
Cc& Sat
Pac Mail
Sn J
Pitts Coal
Quicksilver
S GW
i&Lp
RW & of Te CM
Stl&sf Istp
Tstpm&co
C& Elet
Mt & Pit
So Pac
J Coal
Ne Do LT
Dei & Hu
Ink
Third Ave
Derg. BD
Ry & L
TSL& W
Dme&fd
City RT
Distil
UT Bae &P
Ev & TH
Iowa
Kana & M
C South
Money Market and Exchange Rates Report
Money on call opened at 1 percent, with highs to 2 percent and last loan at 1 percent. Time money offered with excess supply. rates 2 percent for sixty days, 2 1/2 for ninety days, 2 1/2 to 3 percent for several months, up to 4 percent over a year. Foreign exchange opened easier with cables around 4.8710, demand sterling about 4.8685, and sixty day bills near 4.8560. Domestic exchange varied by city. clearings show New York, Chicago, Philadelphia, and others with specified balances. Silver and gold markets cited, along with Mexican exchange and government receipts. Sub-Treasury shows a debtor balance to Clearing House.
MENTIONED IN THIS ARTICLE
Mercantile
Lemawin
Nue Amiss
New York
Chicago
Philadelphia
Baltimore
London
Madrid
Lisbon
Washington
Sub-Treasury
Clearing House
London and Paris Addresses Listed in City Signals
Readable lines show two street addresses, London 18 Bishopsgate Street Within and Paris 8 41 Boulevard Haussmann, identified in the dispatch.
MENTIONED IN THIS ARTICLE
London
Bishopsgate St
Within
Paris
Boulevard Haussmann
Outside securities market eases and steadies
There was slight improvement in outside securities with prices holding within narrow limits. Cobalt shares weakened after district fire while bonds showed better inquiry and a rising trend. American Steel Foundry new stock advanced about 14 points, new debentures around 3. National Railway of Mexico listed irregulars. Standard Oil steady. Mining stocks varied with Nevada Consolidated and Cumberland-Ely easing, Greene-Cananea steady, Cobalt Central down slightly, Goldfield Daisy and Goldfield Consolidated near unchanged, Tonopah Mining easing. other moves minor.
MENTIONED IN THIS ARTICLE
American Steel Foundry
National Railway of Mexico
Standard Oil
Nevada Consolidated
Cumberland-Ely
Greene-Cananea
Cobalt Central
Goldfield Daisy
Goldfield Consolidated
Tonopah
Consolidated Exchange Sales Sluggish as Heat Dampens Trading
The Consolidated Stock Exchange saw unusually low activity as heat suppressed business. Early gains from crop reports and large funds offered a firm tone, but profit taking later caused a reaction and the closing was heavy with no major net declines.
MENTIONED IN THIS ARTICLE
Consolidated Stock Exchange
Party Wanted to Furnish Portion of Business Opportunity
Investors sought to join established manufacturing venture needing additional capital. Exceptional opportunity. Address A. B. Box 16 Tribune Office.
MENTIONED IN THIS ARTICLE
A. B
Tribune
Foreign Government Securities bid and ask notes
Bid and asked quotations for various government securities. Listings include City of Col 4s at 98 percent, Bay govt 4s at 99 and 100 percent, City of Man 4s, Hess govt 3s, City of Anges 4s, Sax govt 6s at 82, City of F M 3%e at 9, and Mex govt gold Se at 100 percent.
MENTIONED IN THIS ARTICLE
Gercons
Col
Bay
City of Man
Hess
City of Anges
City of
F M
Hamb
Mex
Also Mentioned on This Page
John Munroe
Pine St
Post Office Sa
Boston
Commercial Letters OF Credit Foreign Exchange
Munroe & CO
RUE Scribe
Arthur Cramp
the Times
Stock Exchange
America
London& Paris Exchange,Ltd
Basildon House, Bank
England
Long Island
R. R. General
Chisholm & Chapman
Wall Street
New York City
R. L. Day & CO
Wall St
Congress St
Edward G. Johns
Exchange Place
LA Rose Consolidated Cobalt Central Telephone
Hanover
En American-Finance and Securities Co
Nassau-St. New York
Stewart & Lockwood
Toronto
Adelaide St
Illinois
Gentral Rights
Boucht
Schmidt & Gallatin
York
American Steel Foundries
Pine &T
Groat Mechanics & Traders’ Head
iBank
Directorate
American Securities Abroad
Askes
U.S
S. Be
Wits
Ems
C. S
Ferry Companies
Breas
Allis-Chalmers Co
Interborough-Metropolitan
American Ice Securities
Louisville & Nashville
Manhattan
Minneapolis & St. Louiz
St. P
S. M
Missouri, Kansas & Te
Missouri Pacific
Ctfs
National Biscuit
American Steel
American
Cn Si
Newhouse M. & 8S
New York Air Brake
Am. Tel
Tel
Antoon
New York Central
Anaconda
Norfolk & Western
Ama
North American
Baltimore & Ohio
Northern Pacific
Brooklyn Rapid Transit
Pennsylvania Rat
Ae Butterick Company
Seeee
People’s Gas & Coke
Canadian_Pacific
Central Leather
Chesapeake & Ohio
Gilge Bls
Chicago Great Western
Chicago, Mil. & St. P
Chicago, Mil. & St. E
Chicago & Northwestern Eesee
Chicago & Northwestern
Republic Iron & Stee
Colorado Fuel & Iron
Republic Iron & Steel Pr
Colorado & Southern
Rock Island
Colorado & Southern Ist
See
Serceee
Southern Pacific
iCorn
Ats
Southern Railway
Comstock Tunne
Toledo
St. Louis
Delaware, Lack, & Western
Union Pacific Pr
Detroit United R
lIs
United Ry
Duluth
South Shore
U. S. Cast Iron Pipe & Fr
Erie
United States Steel
Federal
Great Northern Pr
Utah Copper
Great Northern
Car. Chem
Va. Iron C. & C
Illinois Central
Ilinois Central
Westinghouse
Bryan
Senate
Taft
Aske Am Lt & Trls
Jackson Gas
Kan City G
Lafay Gas
Bingham G
Mad
Buffalo Gas Eons Mutual
N Am G
NY & E
Pg&c
Ohio & Ind
Paterson & P G
Pitts Con
Denver
Standard Accon
Do Prisen
St J Gas
Fort W
St Lt & Tr
ING & O
St Paul Gas
Syra G
Indianapolis
Syra Lt & P
Eterling
Fresca Catiaiaie Ae
Germany
Reichsmarks
Belgium
Switzerland
Holland
San Francisco
New Orleans
Cincinnati
Savannah
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
Ronda
Mexican Central By. Co. Ltd
Trust Company
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. McOrmack
Adrian H. Muller & Son
Safety Sted Wire & Cable Co
Cou Skg
Fun Pons
National Wire Corporation
Outside Securities
Hay State
Man Transit
Consolidated Exchange Sales
Meee Aos
Ing
Top & SF
Balto & Gchio
Brooklyn RT
Ches & Ohio
Chic Mil & St P
Col Fuel & Iron
Louis & Nash
Mo Kan & Tex
National Landseeee Bom
Y Central
Y Ont & W
Northern Pacifi
Pennsylvania
Rep Steel
Eee
Boston & Alb
Wabash Pfd
Cal & Hee
CIR& US
Fitchburg
Franklin
Granby
Clinton Gilbert
St Ry
Do Pri
Onan
Ate Alliance Realty
Law Mtgeo
Mass Ae
Butte
Ing. A
Am Surety Co
Law TI & T
Osceola
Astor
Lincoln - Am Tele
Belcher Wteeee
L & T Ho
New Eng
Parrot
Cal & Va
B & Mtg G Co
West Tel & Tel
Quincy
Sreen
Mount Vernon
Gomstock
Manhattan Rhodo
Tamarack
Paso
Broadway
Wolverine
Goldfield Cons
Brooklyn
Metropolitan
Smelt Co
St St Carnegie
Mtge Bond Co
Readian
Ora
Onze Cas
Nassau Dsessee
Shannon
Utah
Ophir
Nat Surety Co
Mts Bineham
Columbia
Nyli& T
NY Trust Co
Equitable
Queens County
Farm L & T
T Co
Ain Standard Trust
Eng
Flatbush
G & T Co
Buffalo
Eat
Trust Co
Am Union
Cobalt
Guaranty T Co Fidelity
Swift & Co
Cobalt Lake
Nova Scotia
South Side
Ee Home Tr Co
Aoo
Chicago Telephone
L Green-Meehan
Nam Silver Queen
Hudson Realty
KC & L
Seare Roebuck
Wé&B
Knickerbocker
Metropolitan Trust
Mann
A. Trust
Erie Railroad Company
The
Wall Street Journal
Alaska Mines
Atlanta Goldfield
Boston Copper
Itilli
Brit Col Copper
Sta
Butte Coalition
Carisa
Florence Caseeence
Giroux
Gold Hill
Goldfield
Greene-Cananta
Mason Valley
Miami
Mines Co
McKinley
Dar
Nevada
Nipissing Mines Co
South 4Th Street
Penn Wyoming T
Rchlight M & M
Ry Co
Marsden
Tri-Evision
Cambria Steel
Philadel Co
Elec Co
Penn Steel Co
Fairmount Trac
United Rico
United Copper
General Asphalt
Philadel Elec Co
Philadel R
Yukon Gold Mines
Ins Co
N Am
Lake Sup Corp
Union Traction
Tn Gas Imp Co
Lehigh
Welsbach Co
Philadel
Swartwout & Appenzeilar
Am Cigar Co
Tel & Tel
Atlantic Coast Line
Gay i Balta & Ohio Ser
Ches & Ohio Ry
Ri& P&pc
Febrae
Cccé
Toe
Kan City
Igi2
Aa Lackawanna Steel
TL Lackawanna Steel
LS & M
E Louis
Pub Serv Corp
Seab
St LM & So
steLés
Southern Ry
Tidewater
Sy Ae
Orsaw
EF & M
Wheel & L
van Schaick & Oo
United Railway
Norf Ry & Lt
Chas City
Seaboard
Union Trust
Fidelity & Dep
Maryland
Nor Cent Ry. Ee
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