Berlin Bank of Germany weekly return highlights
The Imperial Bank of Germany reports on June 3 that cash holdings declined by 21,650,040 marks while treasury bills rose by 569,000 marks and other securities increased 400 masked by figures. In circulation grew by 67,920,000 marks.
MENTIONED IN THIS ARTICLE
Berlin
Bank of Germany
Che
Treasury
Securities Values Weak in Export Time Money Firmer
The report notes weaker securities values while gold engagement for export remains steady. Call rates show no change as market conditions hold firm, with investors awaiting further data to guide next moves.
Bond market closes with varied gains and losses
Closing prices of active bonds are listed with net changes across multiple issues including Japan 63 014 Whnt Met 4s Ao 24 series 99, Nor Pac 4s, Am Toh conversion 1915, Penn conv 1915 AT&S F conv 4s, Reading gen 45 BRT 4s, and Wabash 4s, among others, reflecting mixed movements in government and corporate debt.
MENTIONED IN THIS ARTICLE
Adams Express
Kan City
Anisha Cobos
Amal
Louis & Nash
Sreets
Mackay Cos
Manhattan
Lew L& N
Ialo Kan & Tex
NY Air Brake
P& Sb
Northern Pac
Nort & W
Penn Railroad
Nee & Ohio
Sore
Boo
Ches & Ohio
Gt West
Fanny
Tim
Anna
Stl & S F
Joey Aic
L& N
Southern Pac
Col Fuel & Do
Hc&t
del & Hudson
L&w
Twin City
Orms Ton
Ind & L
South
U & Steel
TAO D& H Court
Rowe
Soo
Ca Steel
Japan
Nor Pac
Penn
At&s F
Reading
Stock Market Bear Pressure Triggers Broad Declines
Liquidation and aggressive selling by professionals drive falls across active shares with 1 to 3 percent losses. Weak London Paris markets and gold withdrawals fuel panic while bad weather and Sherman anti trust concerns press sales. Currency shifts favor New York banks and insiders push financing despite faint public support. Hariman shares Consolidated Gas Chicago North Western Amalgamated Copper and Interborough Metropolitan endure heavy bear pressure.
MENTIONED IN THIS ARTICLE
London
Paris
New York
Interior
Wall Street
Stock Exchange
Harriman
Consolidated Gas
Chicago Northwestern
Amalgamated Copper
Interborough Metropolitan
American Securities Abroad Market Update
London reports a weak market for American securities amid selling pressure in both home and American accounts. Notes show declines in key stocks such as U S Steel and Union Pac while foreign money rates remain steady with call money at 3 4 percent in London and discount rates varying by instrument.
Money and Exchange Market Report Highlights Rates
The report covers money on call at 2% rising to 2 1/2 percent, time money at 3 3/4 to 4 1/2 percent, and commercial paper around 3% to 3 3/4 percent. Foreign exchange shows cables near 4.8720, demand sterling about 4.8670, and sixty day bills near 4.83. Gold exports influence shifts. bankers' rates, exchange summaries, silver and peso data, and government receipts are provided.
Outside securities soften amid renewed mining share declines
The market for outside securities showed a further downward drift with quiet trading focused mainly in mining shares. Copper weakness and reduced exports pushed prices lower across majors like Nipissing United Copper Boston Butte Coalition and Cobalt Central while Standard Oil dropped. Bonds remained dull and slightly easier.
MENTIONED IN THIS ARTICLE
Nipissing
United Copper
Boston
Butte Coalition
Cobalt Central
Davis-Daly
Nevada Consolidated
Cumberland-Ely
Chicago Subway
Manhattan Transit
Foreign Market Turmoil and Bond Liquidation Rumors
Foreign trading featured 40 000 shares in the local market with heavy dealings in Canadian Pacific United States Steel and Harriman issues. London markets weakened while Russian bonds steadied. A large bond house reportedly in liquidation and rumors of trouble at Berlin circulated amid wide short-covering and heavy selling in New York Central and Pennsylvania. Local money markets showed dull conditions with high rates on call money and tightening credit.
MENTIONED IN THIS ARTICLE
Canadian Pacific
United States Steel
Harriman
London
Rio Tinto
Bank of England
Paris
Berlin
New York Central
Pennsylvania
Stock Exchange
Par
Atwood Violett & Co
Brooklyn
Glasgow
Scotland
H. Content & Co
Interborough-Metropolitan
Boston Money Market
Boston
One Lending Trust Company
Union Copper
Union Copper Mines Company
Maine
Union Copper Mining Co
Traction Company
Capital Traction Company of
Washin Sylvania
Hocking Valley
J. P. Morgan &Ed
Hocking Valley Railway Company
Kanawha & Michigan Railway Company
Blfe Yoakum
A. Creiz
Davidson
Frisco
B. F. Yoak
NEW York and Long Island Bridge Company
Daniel M. Hurley
George W. Quintard
George E. Roberts
Mint
Southern Railway
Wells Fargo
Cobalt Central
Thomas Nevins
Banking
Thomas Nevins & Son
Mining stocks trade with small volume on New York Produce Exchange
Trading in the mining department of the New York Produce Exchange was light with total shares exchanged. Prices edged up slightly from Saturday with five issues active: Branch Mint 3000 at 14 M44 and lic 1.00, Greater Nevada, Consolidated 440, Nevada Hills 4 1/2, Kendall 4 1/2 bid and ask details.
MENTIONED IN THIS ARTICLE
New York Produce Exchange
Nevada
We. Consolidated
Nevada Hills
Kendall
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