Quiet Stock Market Amid Turbulent Yields and Rail Cuts
The stock market remained dull as traders awaited a Republican nomination likely by week’s end. News of Chicago Northwestern’s dividend cuts unsettled investors, sending some railroad and industrial stocks lower while others steadied at the close. Bond and money markets showed tight liquidity with call loans at 7 to 10 percent, and larger funds flowed into Southern Pacific equipment trusts amid persistent cautious sentiment.
Money and Credit Trends in the Banking Market
Money and Credit notes the money market shifting from 7 percent to 10 percent before settling at 8 percent as interior fundage pressured rates. Time money remained quiet with short loans at about 81 2 percent and call money fluctuated. Bank clearings in New York reached 95,085,176 with balances around 71,177,101, while foreign exchange showed firm dollar levels against sterling and franc but weaker marks and crowns.
MENTIONED IN THIS ARTICLE
New York
London
Asad
Bio
United
Balarcy
Montreal
Monte York
Discoutos
Aviv
Hk Iz
Chi
Stock Market Snapshot from New York Tribune 1920 Daily
A dense listing of yesterday stock and bond figures from the New York Tribune touches railroad stocks, industrials, and government bonds. Major names such as Kennecott Copper, Am Car & Foundry, American Can, and Pan-Amer Petroleum feature among fluctuating prices and closing bids.
Fragmented OCR notes reveal scattered names and places across a broad text
Densely garbled OCR fragment lists numerous proper nouns including people, places, brands, and institutions scattered with uncertain connections. The readable segments hint at a sprawling catalog of names, dates, and locations without a clear event or narrative link.
Stutz dividend move sparks hopes of active market
Wall Street reacts as Stutz directors declare an 80,000 share stock dividend payable June 9 and set a cash dividend of 1.25 a share for July 1 while continuing 5 a share annual on 200,000 shares. Market watchers cite Ryan’s handling of the stock and possible pressure on prices to revive trading activity. Greenbacks and legal actions around Allan A. Ryan remain unsettled as speculation grows about the Stock Exchange suit and seat sale values.
MENTIONED IN THIS ARTICLE
Stutz Btock
Stutz Motor
Financial
Ryan
Shorts
Allan A. Ryan
Remick
The
Stock Exchange
Wall Street
Exchange
Southern Pacific Issue Sold After Books Opened
Kuhn Loch Co announcing the new 15 million dollar four to fifteen year equipment trust certificates of Southern Pacific Company have been fully subscribed. Investment bankers report robust demand for high credit rail obligations and expect lesser credit roads to seek government accommodations under the Esch Cummins act. Subscriptions up to 25 thousand will be fully allotted. larger sums receive a reduced percentage with a 25 thousand minimum. Net earnings of Phillips Petroleum rose to about 513 thousand dollars in May, slightly above April after taxes and depreciation. Dominick Dominick notes a stock value near 45 dollars with 29 wells, while Phillips shares traded around 39 1/2. Fifty employees at the Federal Reserve Bank of New York will perform in The Bohemian Girl tonight at the Lexington Theater to relieve stress. The Fed Reserve also says it will accept in advance coupons from Liberty and Victory bonds due June 15 and other tax certificates with settlement details for June 18 deliveries. Chandler Motors will ex-dividend one third share tomorrow, with cash dividends to follow next Monday after the stock split.
MENTIONED IN THIS ARTICLE
Chicago
Chicago & Northwestern Railway
Chicago & Northwestjoan
Jinor
Bilyn Timper
Hoath Fisheries
Othr Burns
Hut & Susgs
Callse Butte Cop & Zinc
Caddo
Calif
Canada
Central Leather
Cerro de Pasco
Chicago & Northwestern
Particu- Chandler
Ches & C
Chi
Mil & St Paul
Mil & Stf Pt
Chi & Northwest
Chie
RL & Pao
Supreme Court
Chile Copper
Chino Consol
Coca Cola
Columbia Graph Win
Republic Steel
Inter
Columbian & Elec
National Paper
Studebaker
Baldwin Lo
Caden & Co
Ally Up
International Harvester
Royal Dutch
Dela & Hudson
del Tack & Weal
Dew
To Grande
Ana
Hk Lorn Cou
Race iolt-Johnson
Southern Pacific Equipment Trust
Far East
London
Department of Agriculture
Bulletin
Copyrigny
New York Tribune
New York Tribune Inc
Gece
S.s
Low
Ask
Closs
Deag Bey
Adams Express
Kennecott
Amer Bank
Amer Ouch Mag
Manhattan Eley
Am Car & Foundry
Martin Parry Ss
Breao AmeTentian Ol
Mexican Petroleum
Bo-Am
Miami Consol
Middle States
Mile & Bors
Ste M
Kan & Texan
Amer
Missouri Pacific
Am Safety Razor
Tsa
Telah Te Mont, Ward
Am Ship & Com
Montana Power
American Sugar
Am Toleg & Tol
Nevada
New York Air Brake
New
New York Central
NM & Hart
Norfolk & Western
Norfolk & West Nt
Aten
Top & San Fe
Ae Northern Pacific
Allanta Coat Lines
Nova Scotia
Wer Pt
Ohio Gas
Gale
Okla Prod & Relins
Austin
Niebula
Gar Tees
Mario Silve
Bald Lace Co
Tate Sae
Gatis Tees
Wald Lace Co
Ite Otis Steel
Eali & Ohio
Pacific Development
Gila Pacific Gas
Tlec
Pan-Amer
Barrett
Parish & Bingham
Penn
Kuhn, Loch & Co
Southern Pacific Company
Phillips Petroleum
Stock Exchange
Dominick & Dominick
Federal Reserve Bank of New York
Lexington Theater
Federal Reserve Club
Federal Reserve Bank
First Liberty Loan
Victory Liberty Loan
Chandler Motors
Chandler
London Money Market Briefs Report
London money market notes bar silver at 483d per ounce gold at 105s Hl money 4 percent ascount rates short bills 611-16 percent three month bills 6 percent gold premiums listed with Lisbon figures read.
MENTIONED IN THIS ARTICLE
London
Lisbon
Paris Market Heavy Prices In Paris Exchange Report
Paris market shows heavy activity with French rentes at three percent and five franc sixty contimes. London exchange quotes 59 francs seventy two contimes, five percent loan at eighty eight francs. The dollar stands at twelve francs contimes.
MENTIONED IN THIS ARTICLE
Paris
Une K— Uriera
Exchange London
British Trade Gains May Report Shows Increases
Hoard of Trade May summary reports imports rising by 80.721 million pounds and exports of British products up 44.075 million pounds with re exports increasing 8.705 million. Total exports advance by about six percent while imports fall 4.018 million pounds.
MENTIONED IN THIS ARTICLE
London
Totel
Canadian Bank Grows Its Merchants Bank of Canada Report
The April 30 statement shows total interest bearing deposits at 114 million 182 thousand and 17 hundred, up from 91 million 4 thousand 998. Deposits of white interest reach 4 million HS, 876, versus 43 652. 14. Current loans and discounts total 11 million 786 thousand 405, up from the prior year. Capital stock rose from 7 million to 8.4 million, with a matching reserve fund increase.
MENTIONED IN THIS ARTICLE
Ie Merchants’ Bank of Canada
Canada
Dividends and Stockholder Payments across Companies
A garbled financial notice lists initial dividends and payable dates for multiple firms. It references Conley Tin Foil Company, Teresa Company, National Bank extras, and Western Sagat Company with various per cent dividend rates and payable dates, including July 1 and June 16, plus numerous scattered dates and figures for stockholders of record.
MENTIONED IN THIS ARTICLE
Conley Tin Foil Company
Tenn Dune We Central Teresa Company
Gayebte
National Cy Bank
Big i
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