Money and Exchange Market Report Amid Volatile Rates
Money on call opened at 3 percent high and 1 percent last loan 14 1 percent close. Time money firmer with sixty ninety day rates 24 2 percent and longer terms up to 343 percent. Foreign exchange opened firm near opening levels with cables 4.8815 and demand sterling about 4.57 and sixty day bills near 4.863. Domestic exchange notes varied by city and bank clearings. Government receipts show daily and monthly totals with a sizable surplus or deficit. Sub Treasury remains debtor to Clearing House.
MENTIONED IN THIS ARTICLE
Mercantile
United States Steel
Paris
Reichsmarks
Germany
Reichsmearks
SN Murirod
Belgium
France
Bolland
Boston
San Francisco
New Orleans
Charleston
St. Louis
New York
Baltimore
Chicago
Philadelphia
London
Madrid
Lisbon
Washington
Treasury
Sub-Treasury
Clearing House
Stocks Show Strong Gains Amid Heavy Trading
On a day of brisk activity, shares traded heavily with a wide array of issues advancing. Notable movers include numerous utilities and industrials, while major names show robust interest and high turnover across the market.
Sharp Rise in Stocks Amid Heavy Market Activity
Transactions in yesterday's stock market showed strong movement with notable gains in Southern Pacific United States Steel preferred and Harriman securities. Steel and SP gains were supported by market talk of dividend plans and limited float while demand grew for high income issues. Total volume reached 1 451 454 shares with steel up two points. Money supply expanded with gold certificates driving circulation to 3 108 662 406 and per capita money at 35 41 cents. London Paris and Berlin discounts rose as Bank of England reserve ratios fell signaling mixed prospects for further firming.
MENTIONED IN THIS ARTICLE
Southern Pacific
United States Steel
Harriman
Great Northern
Europe
United States Steel Preferred
Reading
Steel
London
Paris
Berlin
Bank of England
Paris Exchange
Ing
Ana Anle
tAlaska
Butte
avis-Daly
Dolores Mines Co
Douglas Pper
Yey Kerr Lake
Vis
Miami
Ohio
Utah
Brunswick Dock
Central Eater
Ches & Ohte
Siez Et
Law Coalition Og
Ray Central
Aod
Ans Roe Ra
Consol
Col Southern
Arch M & M
Consolane Ie
Stewart Ts
Tonopah
den & Rie
Dist Securities Ae
Erie
Iss
Hs Me
United Copper
ieGt
Inter-Met
Yukon Gold
Kan
Louis & Nash
Amy Attn
Kan & Texa
Pacific
Hills
Dease
Orbran
Nort & West
Pacific Mail
Pennsylvania
People’s Gas
Lee
Am St Fay
Ts A
Atchison
Rep Steel
PTT
Jones & IL
Southern Ry
West Pac
Tenn Copper
Texas & Pacific
Third Avenue
Toi St. & W
Trust and Surety
Union Pacific Wi Ss
Clinton Gilbert
Wall Street
U S Steel
Alliance Realty
Us Am Surety
Law T Ins & T
Astorale
Wa-Carta
Bankers
Wabash Sa
Manhattan
Ds Broadway
Mercantile
Htizens
Nassautional Surety Se Mining
Umbta
YLI & Tr
Mtg
Oper
Empire Trust
York
Lewis Equitable
Farm L. & T
Queens County
Atlanta
Fifth Avenue
Cal & Va
Flatbush
Titte-Gr & Tr
Comstock
Ranktin
Ao T
Panama
Ak Ace
Guerdian U S Casualty
Goldfield Cats
Hamilton
Ontaris
Usmet
Hudson Realty
Ustgal
Hudson
Washington Eee
Inter Big Corp
Westchester
Charles D. Barney & Co
Kings County
W&btem
Knickerbocker
Windsor
Am Cement
Lehigh
Cambria Steel
Phita
Wale Eye
Baltimore
van Schaick & Co
Elec St Bat Co
Elec Co O Am
Penn St Co
Wwe Iy United Railway
Cotton Deck Lanse Fairmount Trac
Phila Flee Co. i
Aspaalt
Phila Ray Tr
Sae
Ry & L Ss
Light & P
Ins
Union Traction
Lake Sup Corp
UN Gas Imp Co
Cha
Third Nat Bank
Palle
Nor Cent
Financial Market Brief on Loans and Stocks
Current indications show limited follow through on a 1,000,000 gold engagement for French accounts as Paris lends locally. Exchange remains attractive. bills against exports may lower rates. Stocks traded heavily led by United States Steel sinking fund 5s, Wabash, Southern Pacific, Union Pacific. Missouri Pacific stock strong amid Gould shares buoyed by St Louis Southwestern dividend and unification plans, with fall financing expected.
MENTIONED IN THIS ARTICLE
Paris
Frances
United States Steel
Wabash
Southern Pacific
Union Pacific
Missouri Pacific
Gould
St. Louis Southwestern
London Property Fragments At Bishopsgate and Haussman
Readable scraps list locations 18 Bishopsgate St Within and parts 41 Boulevard Haussman. No further context or events provided.
MENTIONED IN THIS ARTICLE
London
Bishopsgate St. Within
Boulevard Haussman
Outside securities market with mixed mining stock moves
The fair animation in outside securities gave a generally firm tone at the opening with increased buying in pressured issues. Midday realizations trimmed gains in many mining stocks while United Copper, Ohio and Davis Daly slipped from earlier highs. Industrials saw American Tobacco rise to a new high, and bonds traded lightly with prices a touch higher.
MENTIONED IN THIS ARTICLE
United Copper
Ohio
Davis- Daly
American Tobacco
Wall Street Journal Investors Read Heavy Consolidated Exchange
The Consolidated Exchange saw the heaviest sales since February with about 227,000 shares traded across 73 issues, a new daily record for diversity. Union Pacific led with around 30,000 shares, followed by United States Steel and Southern Pacific, while Amalgamated Copper surged late but failed to top the top quotes.
MENTIONED IN THIS ARTICLE
Consolidated Exchange
Union Pacific
States Steel Common
Southern Pacific
Commission House
Steck
Steel
Souther Pacific
Steel Preferred
Amalgamated Copper
Inactive Stocks on NYSE Last Sale and Quotes
Listing of stocks with no transactions yesterday on the New York Stock Exchange showing closing bids and asked prices. The table includes numerous issues across utilities railroads coal oil and industrials with last and closing quotations, some preferrd shares and unlisted notes.
MENTIONED IN THIS ARTICLE
Swartwout & Appenzellar
New York Stock Exchange
Pine Street
Adams
Man
MD Coal
St Ry
Midh
M & St
Mor & Es
Nash & Ch
Ann Arbor
Nat Bis
NYC
BR & FP
Cc & Nw
Pm&o
Cocess Pt
Cleve & P
cF&i Ptt
Consol Coal
Pme&fd Wy
Det & M Pf
FM &S
Gen Ch Co
Granby M
H el Ry Pt
Hock Val
Kan & M
Also Mentioned on This Page
Denver Rio Grande
Ptd
General Electric
Betheiham Steel
Trippe, Thompson & CO
Broad St
Broad
Clrc
Spencer Trask & Go
Lam
Pine Streets
Fisk& Robinson
Cedar St
State St
Ciricago
Adams St
Charles A. Stoneham & Co
State Street
Phila
Providence
Board of Trade
Springfield
Court Sq
United States
Canada
Mexico
Oes
Thomas
Reinhardt
ST. LOUIS _ SOUTHWESTERN RAILWAY CO
Brozeway
Arthur J. Trussell
General Chemical Company
Broad Street
Mourgan
Money and Exchange
Tan
Nor & W
Capenens
Ailie-Chalm
D & Imp Wu
H & TL
AT & T
Inc
C & O Fund
Eee
Aeuh & P
Penn
G & CC
Sox
Union Bag & P
Union Pac
Nnge
Lions
Allis-Chalmers Company i A
Ally Bw
Allis-Chalmers Compan
American Agr. Chemical
jAmerican Can
Car & F
Car & F. Pr
American Smelting
American Steel Foundry
American Sugar
American Tel & Tel
Atlantic Coast Line
Baltimore & Ohio A
Baltimore & Ohio
Bethlehem Steel
Colorado & Southern
Colorado & Southern Ist
Columbus & Hocking C
Consolidated
Corn Products
Comstock Tunnel
Crex
Borg Hie Mle A
Delaware & Hudson
Delaware, Lack. & Western
Denver & Rio Grande
Om Co
Detroit United Railway
Duluth, South Shore
Duluth
South Shore
Federai Ss Gs
Mining & Smgel Ting
General Electric Co
Great Northern Pr Meg
Une
Havana
Illlinois Central
Interborough- Metropolitan
Interborough-Metropolitan Pr
International Harvester Oneinse Bile Es
International
International Steam Pump
Jlowa Central
Iowa Central
Kansas City Southern
Kansas City
MTM
Toy
Lake Erie & Western Osne
Lake Erie & Western
Island
Long Ashville
Louisville
Minneapolis & St. Louis
St P&s. S. M
St. P
Miyuri
Kansas
Texas
Yuri Pacific
Jonal Enam
Stp
Si Bsi
R. A
R. R
Newhouse Mining & Smelting
Ee York Air Brake
New York Central
St O
Chi
St. L
New Haven
Ont
Western
Norfolk & Western
Northern Pacific
Ontario
Pacific Mall Railroad
Pennsylva
S & Coke
Ao i
Pittsburg Coal
Mae Pittsburg Coal
Maligne Eas
Rutland R. R Co
Weeseee
San France
St. Louis & Southwestern
Sless-Sheff
Steel & Iron
Ae Otl
Pr Tee
Southern Railway
Southern Railway Pr
Tennessee Copper
Anneens
Third Avenue Railroad
St. Louis & Western
Toledo
St.Louis & Western
Virginia-Carolina Chemica
Virginia-Carolina Chemical Pr
Virginia Iron, C. & C
Western Far
Western Union Telegrap
Westinghouse
Wisconsin Central
Cortes
Howe
Sian
Iowa
Ee Westingh
Ao . Fay
Mo K & O
Mo K_& T
Farmers’ Loan and Trust Company
William Street
Guardian
Paul
Minneapolis & Mmaritobl Railway CO
Turing
Nassau
St. Pau
Minneapolis & Manitoba Railway Co
Northern Railway Company
FE. T. Nichols
Fulton Trust Co
Nassau ST
Henry
Swords
H. H. Cammann
H.W. Reighley
J. M. van Kleeck
Outside Securities
Industrial
Sale
St Am Tobacco
AG & WI
Central Fury
Boears
Western Pacific Railway Company
Denver and Rio Grande Railroad Company
E. T. Jeffery
Denver TO Rio Grande Railroad Company
McIr Guaranty
Blair & CO
New York City
NEW York & Erie R. ER. CO
Buffalo, New York & Erie RR CO
Erie Rai- Toad Company
J. P. Morgan & Col
Wisconsin Central Railway Company
Minneapolis
Bank of Montreal
Pine Stree
G W. Webster
The
Wall Street Journal
Consolidated* Exchange
Nylaw
Peo & B
C&st L
Read
jRens & Sara
RW & Og
Sears-R
SS Po
S&s Bk
i\Vulcan