Market closes with gains as London buys American stocks
Closing prices show higher values for principal active securities and positive day net changes from Tuesday. Bonds remain in demand as investors shift toward London traded assets and U.S. equities.
London Stocks Rally on Foreign Buying Amid Boer War Hopes
London bought stocks in the local market yesterday and on the London Exchange American shares were strong and buoyant. Traders followed foreigners, covering throughout the list and buying for the long side as sentiment improved and volume rose.
MENTIONED IN THIS ARTICLE
London
London Exchange
Europe
Pretoria
Brooklyn Union Gas
Consolidated Gas Company
Atchison
Southern Pacific
General Railroad
Granger
Burlington
American Car and Foundry
Government and Railroad Bond Market Summary
Irregular Maret quotes for U S Government bonds show bids and asks across 6s 3s and 1s with mixed reg notes and income issues. Railroad market steady with $1 754 5 par value traded, led by Atchison B&O notes Central of Georgia and Reading 4s among others.
MENTIONED IN THIS ARTICLE
Atchison and
Baltimore and Ohio
Central of
Southern Pacific
Toledo, St. Louis
Kansas City
Union Pacific
Wabash Debenture Bs
Wisconsin Central General
American securities abroad rise on South Africa news
London market opened steady and climbed to the close as professional traders moved shares higher. Notable final prices included Atchison 2.4, Canadian Pacific 97 4, St Paul 119 and Union Pacific preferred 76. Last quotes showed mixed gains across major rail and utility stocks amid favorable South African developments.
MENTIONED IN THIS ARTICLE
London
South Africa
Atchison
Canadian Pacific
St. Paul
Illinois Central
Louisville and Nashville
Union Pacific
New York Central
Erie
Pennsylvania
Bank of England and Bank of France Weekly Statem ents
The Bank of England reports a weekly reserve drop of 679 008 pounds and a circulation rise of 322 000. bullion falls 356 707. other securities and deposits decline. notes reserve down 606 000. public deposits fell 1 399 000. The Bank’s reserve ratio stands at 44.37 percent, rate unchanged at 2 4 2 percent. France shows higher circulation by 151 950 000 francs and treasury current accounts up 12 975 000. gold holdings rise 34 725 000. bills in circulation increase 222 400 000 while silver in hand falls 1 566 000 francs.
MENTIONED IN THIS ARTICLE
London
Ank of England
Bank of England
Paris
Bamk
France
Money and Exchange Rates in the Market
Money on call stands at 1 to 2 percent with 2 percent the ruling rate. Time money quoted at 2 1 4 3 percent for sixty days and rising to 3 3 4 percent for six months on railroad collateral. Foreign exchange shows a weak market with various cables and bankers rates listed for Paris Antwerp Berlin and other centers. Domestic exchange notes New Orleans buying rates and related quotes.
MENTIONED IN THIS ARTICLE
Ars Mee
Ae Ooo
Arent Case Eichemics
Gao
Halen
Eer Aes
Blas Antwerp
Berlin
Reichsmarks
Bremen
Reichsmarke
Frankfort Pelcaranstes
Bambu Ichsmarks
Edeon Guilders
Ascensar Cpesiseease
New Orleans
Global Money Rates and Market Highlights
Bank and financial rates across several cities with premiums and discounts. Exchange totals for New York Philadelphia Boston Baltimore Chicago and foreign money markets in London Berlin Paris and Madrid. Silver and gold premiums noted with global price levels.
MENTIONED IN THIS ARTICLE
San Francisco
Telegraph
Cincinnati
Boston
Chicago
St. Louis
Savannah
Charleston
New York
Philadelphia
Baltimore
London
Berlin
Berlin Exchange
Paris Exchange
Paris
Madrid
Lisbon
Buenos Ayres
Rome
Stock Exchange Prices and Railway Shares Filed
Market report notes varied stock activity with railroad shares highlighted. Unlisted stocks show limited movement while dividends and op prices remain low amid trading day totals.
Treasury daily balance and receipts report May 31 Washington
The May 31 report shows Treasury reserve funds and redemption division totals, including gold coin, silver dollars, and United States notes. It lists receipts by customs internal revenue and miscellaneous totaling 3 273 665 with expenditures 2 005 000 for the day, plus year to date figures and Sub Treasury balance details.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Slnla Anigrsiaielbia
Wmg. Ieim
United States
National Bank
Sub-Treasury
Clearing House
Wall Street Dull as Oil and Stocks Hold Amid Mixed Prices
Market data shows Standard Oil at 555 557 with little change from Tuesday and mixed quotes across prominent issues including Havana Commercial Baking Powder Bay State Gas Amalgamated Copper and Sloss Sheffield among others. Elected Stock Exchange members listed are Charles F. Henderson William Herbert Charles E. Titus William Wilson Heaton and Clarence De Witt. Petroleum prices fall refinery 15 points to 65 cents and bulk 5 percent cents with Philadelphia basis. Loan quotations cover major rail and utility stocks with several declines and gains.
MENTIONED IN THIS ARTICLE
Wall Street
Exchanges
Standard Oil
Havana Commercial
Bay State
Markeen
Amalgamated
Amsterdam
America
Sloss-Sheffield
New-York Transportation
The
Stock Exchange
Charles F. Henderson
Wiliam Herbert
Charles E. Titus
William Wilson Heaton
Clarence de Witt
Philadelphia
American Steel and Wire Common
Chicago
Burlington and Quincy
People's Gas
General Electric
New York Central
Northwestern
Rock Island
St. Paul
Union Pacific
American Tobacco
Manhattany
Pennsylvania
Delaware and Hudson
Tennessee Coal and Iron
Southern Railway
Jersey Central
Brooklyn Rapid Transit
Federal Steel
Atchison Common
Consolidated Gas
Third Avenue
Dividend notices and stock transfer update from New York firms
N W Harris Co Winslow Lanier Co Farson Leach Co New York Security and Trust Co Knickerbocker Trust Co announce dividends on multiple securities including Bacco Preferred Western Union National Steel common and preferred Missouri Pacific Northern Pacific common and preferred Louisville and Nashville Sugar Refining Federal Steel preferred Bag and Paper preferred and Tube preferred. The Bankers' Trust Co of New York named transfer agent for the International Power Co with engraved stock certificates exchangeable for temporary ones at 10 Wall Street.
MENTIONED IN THIS ARTICLE
Bacco
Western Union
National Steel
Missouri Pacific
Northern Pacific
Louisville
Nashville
Federal Steel
N. W. Harris & Co
Winslow, Lanier & Co
Farson, Leach & Co
New-York Security and Trust Company
Knickerbocker Trust Company
Bankers’ Trust Company of New York
International Power Company
Trust Company
Wallst
Market movers in yesterday's trading session
Principal buyers and sellers listed including People's Gas, Chicago Burlington and Quiney, American Tobacco J. Bache, Union Pacific London, Vermilye Co, Southern Pacific London, Brooklyn Rapid Transit, St Paul firms, Sugar houses, Rock Island, and Missouri Pacific dealers. Numerous individual traders and firms purchased and sold large blocks across utilities, rail, tobacco, steel, and streetcar interests.
MENTIONED IN THIS ARTICLE
People’s Gas
Rutter & Grosse
W. Wadsworth
Chicago
Burlington
Quiney
Brooklyn Union Gas
van Emburgh & Atterbury
Pennsylvania—Sussdorf
Watson & Brown
Sugar—Clews & Co
Parkinson & Burr
Housman & Co
J. Connah
St. Paul
F. S. Smithers
Brooklyn Rapid Transit
R. W. Newton
Ww. C. Sheldon
Atchison
E. B. Havens
Dick Brothers
Clews & Co
R. J. Kimball
Houghtaling
J. Cahn
Sugar
Sidenberg & Kraus
W. B. Lawrence
Paine & Townsend
Wadsworth
J. J. Manning
Rock Island
Halle & Stieglitz
Union Pacifico
Wire—Housman & Co
Kirkner
L. R. Bacon
J. Humbert
Rosenblatt
Sugar—Street & Norton
Tower & Sherwood
Mendham Brothers
W. C. Sheldon
Housman
Wire—Lapsley
Wire
van Emburgh
Kohn
American Tobacco
Savin
Hudson
Lawson
Rolston & Bass and
Mendham
Missouri Pacific
Wasserman
Pacific Mail Report Shows Decline in Gross Receipts and Ship Repairs
The Pacific Mail Company reports year ending April 30 a decrease in gross receipts by 323 092 from the prior year. Charter receipts fell 270 100 and ordinary steamers operations 52 992. Expenses declined 36 946 while receipts over expenses fell 286 146. A 349 380 charge for general and extraordinary repairs reduced the fund to 456 052. Payments on two new steamers total 996 000, drawn from earnings and assets. company remains free of debt except current expenses. Cash on hand across New York San Francisco and London stood at 427 434 6 as of April 30 1909. The old Board was re-elected and May dividend funds will support new steamers.
MENTIONED IN THIS ARTICLE
Pacific Mail Company
New York
San Francisco
London
Helavon
Agricultural Chem
Agricultural Ch
SS Amalgamated Copper - Bicycle
American Book Co
Amer
Arizona
Ee Eeceeseesees
Itte Barney & S
Bay State Gas
British Columbia
Celluloid Company
Chesebrough
H. B
Eel Ss Consolidated Equipment
Eee
P&aa
Distilling Co. of America
Distilling Co
Electric Vehicle Co
Prononneeey
Empire & Bay State
Empire Steel
Wee
Flemington Coal & Coke
General Chemical
Havana
Herring-Hall
Marvin
Hoboken
Hoboken Land & Imp
River Tel
International Pump
J. B. Stetson
Jas
Madison Sq. Garden
Markeen Copper Seer Mosler Safe
National Enamel & Stamp
National Enamel & S
National Gramophone
National Wall Paper
New-England
E. Ge
C Sense Eee
E. BR. Ferry
Loan & Imp
el. Veh. & Trans. Co
Otis Elevator
Procter & Gamble
Royal Baking Power
J&s
Swift & Co
Burlington
Cedar Rapids
Northern
Telephone & Eat
Tennessee
Trenton Potteries
Louisville
Evansville
ST. Louis
U. S
Union Ferry
Union Switch & Signa
Union Switch & Signal Pt
Union Steel & Chain
Pennsylvania
Union Typewriter
Union
A&oo
A&o
Alabama Great Southern
U S
Westinghouse Air Bra Vo
Worthington Pump
M&wn
Acker, Merrall & Condit
Cleveland
Cincinnati
Chicago
American Bicycle
Barney & S
M&n
Brooklyn
O. Grain Elevator Inc
Cc & O
J&d
Hecker-Jones—Jewell
Hoboken L. & Ineeeenuucee
Mé& Bs
Faites International
J& Dd
J & Oy
Madison Square Garden
Wetroponien Ferry
M& N
M & BI
N. M
Poss & Gam
Mtge & Aewecenee
Richmond
S. I. Rapid Transit
Annes
Minneapolis ST. Paul
Sault Ste. Marie
A& Wi
Western Union
Ontario and Western
Clinton Gilbert
Wall-st
Atlantic
Ed Amer Surety Co
Ba & Mtg
Central
City
Miles Weeee
Ws & J
SS Farmers’ L
Fifth Ave Tr Co
Flatbush
Franklin
Guaranty Tr Co
Quar_ ie
Hamilton
F. Ok
Kings City Soo
Knickert Er
Southern Pactfic
T & Ins
Manhattan
SJ. & J Ao
Mercantile
Ieee
Morton
Metropolitan
Nassau
Lehigh Alley
Gr & Tr Co
Tr Co
Trust Co
Inc
Ms Union
Te Usma&tco
Quar
United States
Coal Company
Washington
Williamsburg
Iron market eyes hopeful note amid price declines
The Iron Age reports cautious optimism in the west with buyers placing more orders yet prices trend downward. Mills quote wire rods from 388 to 750 dollars per ton as traders await a satisfactory level, while a large East River Bridge contract could boost demand if more steel types were eligible.
MENTIONED IN THIS ARTICLE
Central West
Alway
New East River
New York
Brooklyn
International Steam Pump reports 1.81 million profit with rising liquidity
The International Steam Pump Company and its units show net profits of 1,813,907 after depreciation of 168,153 for year ending March 31. Liquid assets grow from 5,414,000 to 6,357.19. The firm plans to add over 1,000,000 to reserve after fixed charges and dividends. Joint period output rose about 40 percent against prior year.
MENTIONED IN THIS ARTICLE
International Steam Pump Company
George F. Blake Manufacturing Company
Laidlaw-Dunn-Gordon Company
Rail line earnings show ten months ended April 30 1900
The Atchison Topeka and Santa Fe reports net earnings of 15 348 514 for ten months ended April 30 1900. Interest taxes and rentals for full year estimated at 1 tao 000. Surplus to cover charges and 5 percent preferred stock dividend figures given along with May and June earnings. Net earnings appear to be 3 108 934 for May June and surplus metrics.
MENTIONED IN THIS ARTICLE
Atchison, Topeka and Santa Fe Railway Company
York Son de Sacer
Fiiancs Hie
Cccsac
Scenceaess
Scesce
Southern Pacific shows April gains and insider buyout play
Southern Pacific reports April gross earnings up 310 832 dollars and net earnings up 35 136 dollars from 1899. From July 1 the road posted strong gains year over year with gross earnings up 6 903 789 dollars and net earnings up 2 618 785 dollars. Stock weakness is attributed to insiders seeking cheaper holdings as they plan to absorb offerings.
MENTIONED IN THIS ARTICLE
Southern Pacific
Pennsylvania Railroad Earnings Rise Across Broad Industry Interests
The Pennsylvania Railroad earnings reflect varied industrial activity and large territory. April results show traffic performance remains strong, signaling continued positive trends for investors and matching high records of recent years.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
Pennsylvania
Pennsylvania Railroad Posts Record Earnings Boost With Expansion
The report notes April gains with gross earnings up 1,248,000 and net earnings 500,000 on lines east of Pittsburg and Erie while west lines rise 110,300. Since January 1, overall East and West gains reach 7,972,500 in gross and 3,196,100 in net. The Pennsylvania Railroad is praised as well managed with strong earnings under its expansion policy.
MENTIONED IN THIS ARTICLE
Pittsburg
Erie
Pitting Ave
Pennsylvania
Independent ticket nominates officers for Consolidated Stock and Petroleum Exchange
The independent faction lists Charles G. Wilson as president General Thomas L. Watson as vice president John Stanton as treasurer E R Betts as second vice president and Valentine Mott as chairman All hold their current offices but the regular slate adds new names Betts and Mott appear on both lists The Conservative nominations share the same directors except Joseph D Laurence replaces Ogden D Budd in the two year class Charles L Brodt and S W Curtis join the Nominating Committee replacing Charles Ives and Ogilvie Jung respectively
MENTIONED IN THIS ARTICLE
Consolidated Stock and Petroleum Exchange
Charles G. Wilson
Thomas L. Watson
John Stanton
E. R. Betts
Valentine Mott
Messrs. Betts
Mott
Independent
Joseph D. Laurence
Ogden D. Budd
Cnaries
L. Brodt
5. W. Curtis
Charles ‘. Ives
Ogilvie Jung
United States Paving Company Names Directors and Officers
The United States Paving Company elected directors including William H. Kimball George R. Ferons William H. Taylor Josiah Quincy H. W. Bates Charles H. Rollins C. A. Cutting George I. Robinson Jr Charles B. Duffy George W. Moses Edward B. Cramp John A. Sullivan and W. L. Gillett. H. W. Bates was named president W. L. Gillett vice president and George S. Robinson Jr secretary. The company has acquired the plants of Boston and Syracuse paving and controls asphalt deposits on Pyrataneles.
MENTIONED IN THIS ARTICLE
United States Paving Company
William H. Kimball
George R. Ferons
William H. Taylor
Josiah Quincy
H. W. Bates
Charles H. Rollins
C. A. Cutting
George I. Robinson, Jr
Charles B. Duffy
George W. Moses
Edward 8. Cramp
John A. Sullivan
W. L. Gillett
George S. Robinson
Miscellaneous Securities Stock Listings
Frederic H. Hatch furnishes stock notices from 30 Broad Street detailing miscellaneous securities. The listing provides brief entries likely including security types, quantities, and price indications.
Also Mentioned on This Page
Amcé& Becones
Minn & St L
K & T Pf
Ees
National Lead
NY Central
Anaca
NYO& W
Am Ho
Peo Gas Co
Ams
Brooklyn T Gas
Pressed Steel Co
Balt & Ohio
Pacific Mail
BON Penn R
CRI& Pac Do
Republic Steel Tom Chic Bar & Qy
Cm & &T P. Chic
Southern Pac
Southern Ry
Texas & Pacific
Southern
Tenn &I
Col F & I
Federal Steel -2
Union Pacific No
Hock Wai Ps
Union B & F
Louis & Nash Si
We&ale
Met Street
Mo Pacific Ss
Wis Central
Manhattan Eons
Wabash
At&s
North Pac
South Pac
C of Gaist Inc
L & K C Cfs
Pac
Union Pac
Wabash D
Cen Ist Inc
Wis
BONDS
U. 6
U.S
American Securities Abroad
Money and Exchange
tEx
Ibany & Sus
I Ormeae
Adams Expres
Car & F
Amer Dist
Am Smelt & R
Am Tel & Cable Su
Amer Tin Plate
Ann Arbor
Us Gas
Brunswick Co
R & Pitt
Canada South
Central of NJ
Ches & Ohio
Chic & East
Ind & Louis
Seresece
BOK Ch
Mil & St P
St PM & O. Ie
Tate
Cley L & W
Cl & Pitte
Cal C&d Co
Col Fuel & Iron
Colorado
Uth
tDel & H
Dei Lack & i. Ia
BO & Ric Gr
M & Ae i
S&s & Atlay
Erie Railroad
Evans & T
Osty Asa
W & Rio Gras
Gt Northern
Claflin Co
Hocking Valey
BS Bris
Horestake
Illnois Centra
Iowa Central
Minn & Louis
Aris
Zs Va
Mobile
Morris & Essex
Nat Biscuit
BOYRO
NYC & HR
Lack & W
Nynh&h Te
Yoné& W
North Amer
Norfolk & West
Ontario Mining
Pere Marquette
Pacific Coast Time
Feu
Penn Coal
Peoria
East
Pee Dee & Ev
Peo Gas & C
Pcché& &T L
Repub
Fey
Rens & Sara
W & Og A
St Jos & Gr
St Lous & Fr
St Louis South
Tenn Coal & I. Ft
Do Land Trust
Tal &Co Central
Third Ave
R R
West
Twin City
R Tr
Wells-Fargo Mo West Union
A” Rao K
Cent Ist Inc
Do 2d Inc
Mo P Trust
Balt & Ne
Ane
Mé&o
Sa& AP
Col & South
Etv&g
R & T Inc
T& NO
Tex & P
T& OC
Enon
West Sud
EF & W
W & LE
Federal Treasury
Consolidated Exchange Sales
Steel & W
Topé&If
BO Balt & Ohio
Gt West
M & St
RI & Pac
Cent Tobacco
Crescent Hk
Isabella
Louisy & Nash Bots
Republic Steel
Tenn Coal & TS
Texas Pacific
Ing
Aus & W
Pacific Mail Report
Consolidated Exchange Ticket
U. S. Paving Company
Frederic H. Hatch
gEx
Oo Gas
Econ UN Gas
Ralt Consol
Mad
Ge Cregl& F
G & Coke
St St Joseph
Denver
Detroit
Syracuse
Rapids
Indianap
Adrian H. Muller & Son
E- Erie Tees
Wheeling and
Lake Railway
Lake Erie
Equsee
New Yorke, Susquehanna ,and Western Railroad
Eta Eeesereeserce
Merritt & F *Hapman Derrick
Nore
Wrecking Company
Central Trust Company
Alliance Realty Company
Bankers Trust Company
Morton Trust Company
Mechanics’ Bank of Brookly
Northwest Railroad Company
Ares Trust Company of America
R. IL. Day & Co
New-Englande
Uy Am Bell
Best & Mont
Best Alba
Ae Butte & Fe Bost & Me
Cal & Hecla
Bur & Qy
Centennial
Fitchburg Rd
Osceola Wees
Quincy
Tamarack
US Rubber
Walker Brothers
Broadway
Chicago Union Traction
Lake Street
National Biscuit
de Haven & Townsend
Wallsto
Am Ry Co
Penn Steel
Asph Co
Brooklyn Gas
Penn A Weh Co
Cambria Steel
Choctaw Ry
Phila Elec Co
Con Tr
Phila Traction
Elec St Rat Co
Phila & Erte
Pitts Con Tr
Electro-Pneu Ee
Roch P Ry Co
Elec Co
Sus Iron & Steel
Elec Auto
Tidewater Steel
Ins Co
Union Traction
U Gas Imp
Lehigh
Wels Light Co
Lehigh Val RR
Akwenseee Wilke Co
Marsden
Northern Cent
North Penn
Ae Penn RR Co
Ty Wy
F &P Ty Bonds
Union Tracks
Lake Superior
J Con
Ind
Newark
Aecree
Phila Cop
Trac
Diamond Steel
Colorado Springs
Colorado Springs Mining Stock Exchange
William P. Bombright & Co
Alamo
Pinnacle
Portland Pilgrim
Onsol
Raven
Maud
Union Rose Nicol
Touraine
Battle Mountain
Argentum
Col City & Man
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