Stock Prices Edge Lower Amid Profit Taking and Mergers
Stock market shows selling across sectors with rail and industrial shares slipping slightly while steel and copper linger near highs. Traders weigh a Bethlehem Lackswanna merger probe and Lockwood Committee hearings as steel shows strength on anticipated tonnage data and broader margins cool.
MENTIONED IN THIS ARTICLE
Bethlehem-Lackswanna
Federal Trade Commision
Felde
Ims
Lockwood Committee
Camps
Costa
Steel Corporation
Sterling Exchange
Money and Credit Market Update
Open money moved at 4 percent then trimmed to 3 percent amid heavy offers. The Federal Reserve Bank said $8 million would be withdrawn from district bank deposits tomorrow. Time money held steady with moderate volume. The report notes limited prospect of increased activity until broader speculative interest returns in securities. Industrial and mixed collateral rates range from 4 to 64 months. Bank clearings in New York show exchanges at 7,759,000 and balances at 45,300,000. Dollar in foreign exchange rose as Sterling hit a new high for the year amid active London demand and cross-currency movements.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank
Toomorrow
Morey
New York
London
Transactions Yesterday in Listed Stocks and Bonds
A stock market snapshot from yesterday shows varied movements across railroads metals and industrials with numerous named companies and bonds. Key rail stocks and industrials traded alongside major firms like Allied Chem DuPont General Motors and American Steel, reflecting broad market activity and sector shifts.
Wall Street Sees Steel Tonnage Rise Amid High Orders
May 21 unfilled U S Steel orders rise above 150 000 tons in New York financial district with total orders near peak since May. May shipments estimated at 1 188 000 tons and incoming business around 1 400 000 tons. Market chatter includes revival of Erie and Wes nickel plate speculation while rail stocks show mixed gains. Barington and Great Northern consider semiannual dividends. Mexican debt talks flagged as deadlocked with focus on funding past due interest and amortization payments.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Qenally Rest Imates
Financial District
Lowe Erie & Wes
Peoria
Eastern
Lake Erie
New York Central
Comprex
Cisen
Adolfo de Is Huerta
Behind Active Stocks and Bank of Germany Statement
A fragmented report notes stock and corporate details including Buick Cadillac Chevrolet Oakland Oldsmobile Scripps Booth Laughlin firms earnings assets and dividends through 1921. It also references Bank of Germany holdings and a June 6 statement with figures on assets and liabilities.
MENTIONED IN THIS ARTICLE
Buick
Cadillac
Chevrolet
Oakland
Oldsmobile
Scripps- Booth
Laughlin
Common Limited
Bank of Germany
Berlin
Gol Aa
Also Mentioned on This Page
First Joint Stock Land Bank of Chicago
New York Stock Exchange
Interborough Rapid Transit Co
Investment Securities
Wall ST
Exchange Place
Iiplens
Trewsonvien
Ansonia
Ed St Bown
Supione Iis
Coteabee
Switzerland
Gas & Elec
Paul Plunkett &Co
Financial Counsel
National City Building
East 42 Street
P. Trol Tin
Lew
Reynolds Spring Company
GoopBopy & Co
Broadway
Elec
Money and Credit
Stock Exchange
New York Tribune Inc
Saeuhane
Railrend Bende Us
Railroad Bend
Essziz
BAS
Wieh Law
Clawe
Alan Robber
Alaska
Ste
Allied Chem & Dre
Army
Alle Chalmers Trio
Kielewy
Keok & Dm Moines
Lee
TOR, Rie & Western
Amer Inter Corp
Habber & Tire
France
Leben Valley
Mae Linsend
Lie & Myers
Amer
Amer Smelting
Wiles Biceit
Lomllard
Lmchey A Nashy
Amer Snut Tno
Mackay Can
Manstt Suear
Manhattan
Market St Ry
Realmati May Dept Stores
Atchinon Midh Central
Fa Ath Birm & al 78 Mel 00 108, 827 Atlantic Coast
Middle States
Midvale Steel
Atlantic
Gull & Me
Minn & St
Lewis
Austin Nichole
Kan & T
Baltimore & Obie
Ont & Western
Canadian Pacific
Northern Pacific
Oklahoma
Ontario
Orpheum Circuit
Chesapeake & Chin
Pacific
Oa Gas & Klee
PanAmer Petral
Pennarivania RR
RTA
Faeiie
Penn Seaboard
Prora & Astern
Chine
C&l
Philadelphia Co
Mg & Phillips
Colorado & Southern
Pierce Arrow
Columbia Graph
Conwal
Pittabureh
Distoo
Comael Gas
Consol Textile
Pond Creek Coal
Dent
Cmden & Co
Pub Ser Corp of NJ
Davidson
Republic Tron’ & Biel
Republic
Alland Ray Pf
St Low
San Fran
Tory
Imemereen Brant
Erie
Rene de
Federal M & 8
Fisher
Caloine
Preepert
Texas
China
General Elretric
Generel Motors
Glidden
My — Goodrich
BOF
Granby Mining & Davie
Gt Northern Wf
Gt North Ore
Geantanaime Bugar
Gulf, Mob & Norm
Ste — Gull Blazen Steel
Mabishaw Klee
Inspiration Cooper
Inteth Cons Corp
Inter Agriculture
Bip
Inter Cement
Inter Harvester Ce
Beare
Seneca Copper
Ay Shell Trans
Sinclair Consol
Slese-Shef Stl
Califooo
Stewart Warner
Strembere
Studebaker
da Sweete Co
Trane & Gall
Teena Company
Texas & Partie
Tex Pac Coal & Oi
Oessa
Tage Mateom
Oda
Wall Street
Barlington
Lew Wallace
General Motors
Tof Palestine
School of
Palestine
Anderson County
Tera
Spitzer, Rorick & Company
Michigan Central
Seve
R. W. PRESSPRICH = &co
Feder
City OF
New Brunswick
New Jersey
Aedlesex County
J.G. Warre & Company Tocominates
Donner Steel
Yarte
Tienes Et al
J.k.rice,jr.&co
Northern R. R. Greeley-Hudson Secs
Waterbury Co
N.J
J. K.rice,jr
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