Wall Street Outlook Mixes Caution With Possible Fall Rally
Closing prices yesterday showed broad strength in a five hour session with light volume. Covering of shorts and demand for leading issues like Union Pacific St Paul Reading and United States Steel favored gains while cautious insiders warned of bear pressure and potential fall in copper shares amid dull trading and limited new commitments.
MENTIONED IN THIS ARTICLE
Wall Street
Shorts
Union Pacific
St. Paul
Reading
United States Steel
Iron and Steel
Mr. Lawson
Amalgamated
Anaconda
United States
Stock Exchange
Steel
Southern Railway
Kansas
Texas
Sub-Treasury
Money Market and Foreign Exchange Report
Money on call opened at 24 percent, with highs to 2 percent and a close around 24 percent. Time money quoted at 3 percent for sixty days and 2 percent for three to five months, with 4 percent for six months. Various rates for commercial paper, foreign and domestic exchange, and government receipts are listed, including Sub-Treasury balances and general reserve figures.
MENTIONED IN THIS ARTICLE
Aes Sterling
Faris
Switserland
Belgiom
Germany
Holland
New-Orleans
San Francisco
Telegraph
Boston
Charleston
St. Louis
Minneapolis
Cincinnati
Savannah
Hank Clearings
Shverk
Har Sllver
Ihc
London
Madrid
Liston
New York
Washington
Sub-Treasury
Railroad and Other Stocks Market Rumors and Figures
A garbled OCR snapshot lists multiple railroad and stock names with partial prices and percentages. It references Adams Express Albany Susquehanna United Rail Canadian Pacific and various lines, with scattered figures like 169 04, 200, and 389, detailing a day’s total sale context without clear narratives. The fragmentary text notes pref and demand indicators, alongside multiple company notations and exchanges.
Consolidated Exchange Sales Wheat
Consolidated exchange sales report shows activity in wheat with mixed quotations. Traders reference prices and market movements as bids and offers shift.
Who Will Be the Goat in Stock Transfer Tax Case
Chaos on the Stock Exchange as a jury of traders debates who should suffer the law’s vengeance for alleged tax evasion. Names like H N Baruch John Henry Clews and Jake Field are floated while others plead their cases amid idle bets and theater of the exchange. The decision is postponed as the crowd awaits the outcome and potential bail.
MENTIONED IN THIS ARTICLE
Law
Stock Exchange
Wall Street
Exchange
H. N. Baruch
John Henry Clews
Clews
Arthur Housman
Jake Field
E Ri. Chapman
Senate
Charley Gates
Milion
Billy Oliver
Billy
Sidney Schuyter
Howard P. Frothingham
Howard
Tilden Swan
Kt. D. Wrenn
Wall Street And Exchages Report Of Trading And Bond Issuances
Foreign trading softened locally with weak copper stocks and inactive foreign bonds while Japanese issues offered slight strength. Union Bag and Paper bonds authorized a 2 22 year issue of 1000000 dollars to fund timber properties plant and working capital with 4000000 total issue planned. Parrot Mining elected a new board amid a harmonious meeting with 229800 shares represented. Interborough declares a 2 percent dividend on an 8 percent basis, first since 194. Pittsburgh Fort Wayne and Chicago Railway lists 26000 additions to guaranteed stock. Colorado Industrial Company seeks 37502000 additional bonds. Twin City Rapid Transit stockholders gain rights in a new 1000000 issue. United States Trust elects Payne Whitney to replace the late Edward Cooper. Minneapolis Saint Paul and Sault Ste Marie earnings rise by 510 this week and 19007 for the month with July 1 gross gains of 1001362.
MENTIONED IN THIS ARTICLE
Wall Street
Union
Hag End Paper
Wade
Tts
Parrot Minin
stocl @ COMPANY
Parrot Silver and Copper Mining
Inuly
Pitsburg
Fort Wayne
Chicago
Wrosme Lock Exchange
Colorado Industeiss E Company
Haa
Twin City Rapid Transit
Twin City Rapid Transit Company
Dane
United States Trust Meeting
United States Trust Company
Payne Whitney
Edward Cooper
Minneapolis
St. Paul
Sault Ste. Marie
Iron and Metal Trades Week Summary of Pig Iron Market
The iron age notes a largely uneventful week with a near deadlock between pig iron buyers and sellers, mainly in the Chicago district. Virginia furnaces have sold, while Birmingham shows weakness amid coal miner tensions, and large steel buyers cut demand. Steel markets ease as merchants accumulate, plates and shapes rise slightly with a 10,000 ton order in Milwaukee. Wire trade weak, exports noted.
MENTIONED IN THIS ARTICLE
Chicago
Virginia
Birmingham
Milwaukee
United Copper Company treasurer reports improved profits
The United Copper Company treasurer’s report for the year ends May 38 notes a prior decline in profits due to legal and competitive disputes. Recent settlements reduce conflicts, allowing foremen and employees to focus on profits. The Supreme Court Minute Healy decision is cited as decisive in favor of the company, with ore bodies in the Ebatt mining district described as among the largest and comparable to major copper and silver mines.
MENTIONED IN THIS ARTICLE
United Copper Report
United Copper Company
Astors
Naioo
Suprema Court
Minute Healy
Supreme Court of
Ebatts
Boston and
Montana Consolidated Copper and Silver Mining Company
Securities Auctions Report From Exchange Salesroom
Securities were sold yesterday at the Exchange Salesroom by Adrian H. Muller & Son. The list includes 30 shares United States Steel pref, 25 shares American Sugar, 20 shares New York Athletic Club, 200 shares various bonds, and mortgage issues with coupons dating from January to October. Other items include 4 shares Central Trust, 12 shares Consolidated National Bank, 202% $0.00 New York gold mortgage, and 53,000 Erie Railroad bonds with annual coupons. One-half interest on a construction mortgage and several promissory notes are noted, along with scrip entries and real estate collateral. Dealings appear to be for the account of various executors and holders.
MENTIONED IN THIS ARTICLE
Exchange
Adrian H. Muller & Son
Owlet
William St. Hoes
Public Adminisraner Suring Abber Ca
United States Stelcep
Amarican Distree Telegrater
American Sugar Revining
New-York Athletic Club
Mortem & Ser
Eat Sbanin
Lareitea
Benuc Old
National Bank of Commerce
New York
Ohio
Banda
UNO
Evie
Penaral Tien
Old Banda
Concen
Central Trust Company
Sharva Consolidated National Bank
Kearny County
State of Kansas
Erie Ftalinbad
Bay Cit
Murcia
Brockion Bach
Sorin
Uae
Havana
Sera
Pittburg
Shawn
Soran
Boney Scien A
Nasional Si
Fa Liudation
Manor i Fonda
Outside Securities Market Summary Shows Mixed Demand
The market for outside securities improved with better inquiry before noon. Copper issues drew most attention while Intertorough Rapid Transit led gains, up over 3 percent on a dividend increase. Other movers included New York Transportation and Bethlehem Steel, with Seaboard and Greene Copper also advancing.
MENTIONED IN THIS ARTICLE
Intertorough
Northern Securities
Chicago Subway
New York ‘Transportation
Bethlehem Steel Common
Seaboard
Greene
Greene Copper
British Columbia
United Copper
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