Stocks Mostly Lower As Market Closes Soft
Stocks generally declined on light trading with bonds and American securities abroad showing dull, heavy activity. London quotes for American issues drifted lower with final prices and small changes noted, while call money and discount rates in Berlin and Paris showed modest shifts in a quiet trading day.
MENTIONED IN THIS ARTICLE
London
New-York
New
York
Coenerad
Lint & Nash
Berlin
Paris Des Paris Exchange
Fisk & Robinson
Jary
Treasury
Chen
Market summary notes trading with lower quotes and profits
Yesterday’s stock activity showed professional selling at lower quotations and commission-house profits. Reading Union Pacific Southern Pacific St Paul and United States Steel preferred attracted buyers as declines remained limited. Metropolitan's weak results and new underground plans influenced speculation, while fears over weather and the stock transfer tax weighed on sentiment.
MENTIONED IN THIS ARTICLE
Commission House
No. 120
Broadway
Reading
Union Pacific
Southern Pacific
St. Paul
Conadian Pacific
Amalgamated Copper
United States Steel
Metropolitan
Goss
Interborough
Metropolitan Securities Company
Macnet
Wall Street
Stock Exchange
Stots
Bond Market Trading and Railroad Bonds Overview
Government bonds dominated the session with total par value around 4217.00 traded, led by railroad issues. Heaviest activity focused on Atchison Topeka and Santa Fe, Brooklyn, Chicago lines, and major carriers such as Pennsylvania Convertible 3s, Reading General 4s, Southern Pacific 4s, Union Pacific, and Wabash.
MENTIONED IN THIS ARTICLE
Ageinet
Atchi
Rocklyn Raincorgia
Chicago, Burlington and Quincy
Catcago
Rock Feland and Pacific Railroad
Mexican Central
Pennsylvania
Reading General
St. Louis
Bank of England Weekly Return Shows Reserve Shifts
London June 1 The Bank of England weekly return records a total reserve decrease of 312000, circulation up 000, bullion up 335067, other securities up 132300, other deposits up 1361 6m, public deposits down 7400, notes in reserve down 42000. Reserve ratio stands at 9.32 percent, vs 9.15 last week, with the discount rate steady at 3.4 percent.
MENTIONED IN THIS ARTICLE
Bank OF England
London
Sales At The Stock Exchange
Trading activity shows broad bond and stock movement with totals reaching 4,217,000 in bonds. Names and figures for specific issues appear mixed with numerous prices, volumes, and listings across multiple agents and firms.
Money Market and Exchange Rates Report
Money on call opens at 3 percent with fluctuations. Time money quotes range from 5 percent for up to five months to 1434 percent for six months. Commercial paper cited at 64 percent for 60 to 90 days and 475 percent for longer terms. Foreign exchange closes steady with assorted domestic rates and premium details. Bank clearings listed for New York, Philadelphia, Boston, Chicago, Baltimore, and others. Sub-Treasury shows a debt to the Clearing House of 889,077.
MENTIONED IN THIS ARTICLE
Sant Joan
Este
Ao Tsegioy
Iuelgium Frances
Gersuny Domestic Exchange
New Orleans
Bank
San Francisco
Sight
Telegraph
Chicago—ile
Charleston
St. Louis
Premim
Minneapolis
Cincinnati
Savannah
Bie
New York
Philadelphia
Boston
Chicago
Baltimore
London
Uta
Madrid
Lisbon
New-York
Washington
Sub-Treasury
Clearing House
Railroad and Other Stocks Mixed on a Quiet Exchange
Consolidated exchange sales show varied activity with numerous rail and industrial issues listed. Prices advance and retreat across Amalgamated, American Sugar, and Western lines as traders weigh prospects and total daily turnover remains modest.
Wheat market report shows July option with price shift
Wheat sales and option activity noted with July contracts and price percentages, indicating changes in market demand. The fragment mentions 025,000 and percentages around 87 88, suggesting pricing benchmarks and trading interest from buyers and sellers.
Wall Street and Exchanges Foreign Trading Outlook
Foreign houses traded about 20,000 shares with mixed activity in London. Tokyo Tunisian sentiment nudged higher on peace rumors while Beins faded in Continental centers. The Bank of England kept rates, bullion rose, and US revenue debate grew with tariff and internal tax reform proposals. Bond markets showed quiet May activity with selective gains as Treasury issues neared release.
MENTIONED IN THIS ARTICLE
Wall Street
London
Bank of England
National City Bank
Farmers' Loan and Trust Company Trusts Profit Decline
Trust Companion Executor Trust Companies chartered in 1822 operate at Nos 16 18 20 and 22 William Street New York with capital of 1,000,000. Taalvided profits show a negative 7,000,000 indicating substantial loss.
MENTIONED IN THIS ARTICLE
Farmers’ Loan and Trust Company
William St
New York
Guaranty Trust Co
Mutual Life Building
Joan W. Castles
Equitable .Trust Company OF
Nassau Street
Equitable
Stricken securities and Pittsburg steel notes in brief market item
The report lists securities stricken from the stock exchange list including Southern Pacific 25 year bonds, Galveston Harrisburg and San Antonio 7 percent bonds, and New York Central debentures. A Pittsburg steel dispatch denies wholesale mill closures though many plants may shut for repairs, potentially earlier than usual for an early restart. Copper exports for May reached 23 763 tons, with five month total around 106 709 tons, up from last year. Imperial Japanese government 12 000 pounds sterling bonds sought listing on the New York Exchange.
MENTIONED IN THIS ARTICLE
Commission
New-York Stock Exchange
Exchange
The
Stock Exchange
Zulkty
Earl Minto
Canadian Northwest
Manitoba
Provision Territories
Aleka
Mackenzie
Canada
United States
RG. Dun & Co
George W. Thompson
Office
Post & Flagg
Cuba
Sone
Stock Exchange Ust
Southern Pacific Company
Galveston
Harrisburg
San Antonio
New York Central and
Hudson River Railroad Company
Pittsburg
Imperial Japanese Government
Outside Securities Drift as Traders Shy From Market
The market for outside securities opened dull with little selling resistance. Northern Securities slid sharply after an initial dip, while Interborough Rapid Transit fell about six percent. American Can common dropped around 1.5 percent, Seaboard stocks rose about 1 percent, Chicago Subway fluctuated, United Copper held a narrow range, and British Columbia Copper edged higher. Bond demand showed fair inquiry with slight recessions.
MENTIONED IN THIS ARTICLE
Httle
Northern Securities
Interborough Rapid Transit
Chicago
United Copper
Greene Copper
Greene Consolidated Gold
Frm
British Columbia
New Jersey Securities Notice For Five Resale Units
A terse notice from New Jersey securities authorities lists four items for resale under a firm identified by initials and a partial firm name. It notes restricted trade and compliance requirements with the state regulator.
Also Mentioned on This Page
St. Paul Weak
Harriman
Tsers Sin As
Geconte
Steel Hake
Central
SiNor Pac
Asi
Penn
Nccyeet Steel
Ber, Goode
Ms Joule
Waban
Missouri
Bond Market Trading
Soaterdal
Toook
BOR Bow” Co Ist Inc
Bae
Ato
Mo Kan & Tex
Éo Lake
Ayana Ano
Gblg
Ale Age
Albany & Scs
Ag Ag
Petia
Tata
Tate & On
Yoo
Hos
sButceriex
Soakie
Cannan Pedic
Wien
Lee Hy
Lear
del Tack & W
Denean
Nesa & Ti D
Day Securities
Evans
Jere
Sea Crem Co
Gio Ge, Biesinks
Saya Fanza
Saba
Mat
Saul
Noreen Pucifel
Peete Coast
St A
Poo Gas
Cel Phita Rap
Poe
St L. Se
Bert of
Pullman
Prieburg Coal
Torro
Wells Farno
Io Weatinay
Wisconsin
Consolidated Exchange Sales
Car & Fay
Ohio
Pacific
Pi Loula de Nash
Lory Met Street
Mo K & Tex. i
Mo Pacific
Nort & Wee Sy
Deppie's
Bork Imand
Southern
Bourkern
Wat & T Ac
Salee
Highlaw
Tas
Eat
Brunewick
Elkton
Meeloan
Onio Tonopah
Orternat Lazi
Erie & Kalam
Erie & Pitts
Witenbare
Barak Rao Frenkin
Firateall
Secent All
Cosy i
HBO
Frederic A
Smeekay
Cheseliotts
Ted
Ey Javana
Outside Securities
Ing. Il
Chicas Subway
Ora
Irene
Greene
Guanajuato
Mer
Rapid Tran
Ern
Mackay
Manhattan Trans
Nor Securities
Thewai
Seaboard
Tennes
United
Uaton
Knobrew
Nton
Treportea
Waumy
Shod Alliance
Ai Surete Co
Manhattan
Sus Bankers
Mercantile É
Bae ME Ie
Metropolitas
Ean Bowling Gr
Mtg Tacony
Morton Ue
Brooklyn
Mutual
Allan
Entral
Surety City Invest
Dawn Colontie Ass
Wits
People's
Varia
Mare
Conn
Ad & CA
Rh &E
Beech Creek
Lowell
Ann
Berkantee Hieeck
Albany
Nash & Decatur
Morrie & Borex Iss
Trans Co
Aveskiya
Avenus Inn
Caroline Ito
Sina
Norther
Erin Foik
Cleve de Pitts
Old ‘Colony
Po Col & Xenia
Awe
Rt i Concord
Cone & Worts
Pat & Ramage
Pail &Trenton
Fb & Now
East Denn
Pitts
New-Jersey Securities
American Derk & Tetpe
Led Va
Carden & Teepe
Coe Camden
Convelluabes Trasen
Jad
Conan It
Cn Ze Jo
Berg Co
Retin Ught
Es Fereer City
Hob & BH
Jerner
Slenigh Valley
TNT
Ieee
Newack
Newark
Jersey
Wendervey
Huteon
North Hutson
H&p
North Jersey
Bat
Grange
Pascale Val Ry
Pasale
Newarl
Oatan
Paterson
Paterson City
Totoda
Tait
al T&d
Paterson Electric
BMS
Paterson Tiger Ce Ar Sa
Pan
Gas Plainfield
FCO
Ant Fm
Publ Service Corpu Lom
Serest Thalewa
Rutherford & FS Gas
Samerwet Ligtting
EA Omervet
Tem & Md
Frenton Gna & Pleo Co
Trenton
Ente Electric Co
Oaeph Dion
Musoy
Gas
Hinckiensack Water Cosspaey Econ
Bejobeicen Latet
Rey Hudson Cares Saat
Jersey City
Tesea
Baesiine
Brunew Lok
Verat & Bower Co
Rewterey
New Jersey
Telshalt
Nort Gersersivest Mailnes Company
Patereen & Paresirlas
Toviney Qoumpans
Lever Liearing
Seratreet Cnet
South Jersey
Cue, Electric & Temction
Singer Manufacturine Camden
Newness
Fiat Price Quotatiomm
van Selialie & On
Consol Gas Ae
Conen Duckson S
Tvoomen
Alen Trust
Ty Me Day & Co
Bay
Fang
Albacy
Doster
Pal
Cmareck