Stocks Close Strong Yet Prices Decline Across Markets
Closing prices for major securities show declines from Saturday bids with short bills at 2 15 16 percent and long bills at 2 3 percent. Berlin and Paris rate data, London exchanges in marks and francs, and foreign secuities including British consols and French rentes are listed alongside silver and gold premiums and US government receipts. Expenditures and year-to-date figures noted, with national bank note redemption receipts also shown.
MENTIONED IN THIS ARTICLE
Berlin
Berlin Exchange
London
Paris Exchange
Paris
Madrid
Lisbon
Buenos Ayres
Rome
Washington
Stock Exchange Notes and Bond Market Roundup
The report surveys 2000 Adams Ex 4s and various railroad and bank stocks with prices and yields. It covers United States Steel in London, Rio Grande Western dividends, Twin City stock gains, Northern Pacific London status, Ecuadorian bond underwriting, and Central of Georgia bond subscriptions closing today.
MENTIONED IN THIS ARTICLE
Gould
United States Steel
London
London Stock Exchange
Hst
United States Steel Corporation
Rio Grande Western
Union Bag and Paper Company
Twin City
Twin City Rapid Transit Common
The
E. T. Jeffery
George J. Gould
Winslow S. Pierce
E. H. Harriman
Louis Fitzgerald
Jacob Schiff
R. M. Gallaway
Northern Pacific
Ecuadorian Association, Ltd
Central OF Georgia
Central of Georgia Railway Company
Kean, van Cortlandt & Co
Market recovers after morning scare on bank reserves
A Saturday bank statement influenced trading as stocks moved through a day of doubt and late rallies. Losses in Union Pacific and Missouri Pacific narrowed, United States Steel eyed a July dividend, and steel shares led a stronger close amid broad recoveries in industrials.
MENTIONED IN THIS ARTICLE
Union Pacific
Missouri Pacific
St. Paul
Rock Island
United States
Day's Bonds Open Steady With Broad Market Notes
Government bonds show steady trading with final quotations listed. Railroad bonds firm with £2,334,900 par value in total sales and heavy activity in Atchison, Baltimore and Ohio, Chicago and Alton, Colorado Midland, Missouri Kansas and Texas, Northern Pacific and other issues.
MENTIONED IN THIS ARTICLE
WTI US
T.S. Ss
Chicago and Alton
Colorado Midland
Colorado
Missouri
Kansas
Money Market and Foreign Exchange Conditions
Money rates show call money at 3 percent with 8 percent for the 24 hour figure. Time money offers 3 percent for sixty days and 3 1/2 percent for three months, and 3 3/4 percent for four to six months on railroad collateral. Commercial paper yields 2 1/4 to 2 1/2 percent for the best names. The foreign exchange market is steady with Paris sterling rising to 25.24 francs per pound, reflecting easier money conditions there and strong sterling demand. Bank clearings list New York at 183,451,560 with balances 10,280,702. other cities show varying exchanges and balances. London call money sits at 1 7/8 percent open market discount rate.
MENTIONED IN THIS ARTICLE
London
New York
Paris
Reichsmarks
Bolland Guilders
New-York
New Orleans
San Francisco
Telegraph
Cincinnati
Boston
Chicago
Charleston
Savannah
Philadelphia
Bhettimore
Foreign Market Summary Shows Mixed American Securities
London reports a weak market for American securities with a late rebound as New York buying closes firm. Final prices include Atchison 88 half, Canadian Pacific 1942, St. Paul 169, Illinois Central 148, Louisville and Nashville 111, Union Pacific preferred 92, New York Central 159, Erie 48, Pennsylvania 764g, Reading 23, Erie Ist preferred 71, Northern Pacific preferred 1, Grand Trunk 11, Anaconda 9, United States Steel S. preferred 100.
MENTIONED IN THIS ARTICLE
London
New York
Atchison
Canadian Pacific
St. Paul
Illinois Central
Louisville and Nashville
Union Pacific
New York Central
Erie
Pennsylvania
Reading
Erie Ist
Northern Pacific
Grand Trunk
Anaconda
United States Seel, S
Treasury statement of funds at start of business day
The early morning release shows the Treasury’s reserve fund, trust funds, and general fund assets. Gold coin and bullion totals reach 150 million, with silver dollars over 435 million and deposits in national banks around 108 million. Current liabilities and available cash balance are listed at 43.4 and 169.3 million respectively.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Notes
General Fund
United States Notes
Seestecancesese
Peetercesaces
Wall Street Notes Quiet Foreign Trading and Missouri Pacific
London prices were weak and foreign houses sold on balance in the local market. About 40 000 shares traded. A Missouri Pacific director said no dividend meeting is in sight while reports continue of a dividend pause.
Pere Marquette Rail road Company Yearly Report Summary
The Pere Marquette Railway reports for the year ended December 31 show gross earnings of 8,296,111 versus 7,368,784 in the prior year, an increase of 927,327. Expenses and taxes rise to 6,330,592 from 5,? etc. Net earnings reach 1,? with balances and preferred dividends noted. A surplus of 166,100 is added to a general improvement fund for permanent improvements and betterments.
MENTIONED IN THIS ARTICLE
Pere Marquette Railroad Company
Inc
Secence Ces
Ann Arbor
Fort Worth
Rio Grande
Wisconsin
Buffalo
Susquehanna
Chicago
Indianapolis
Louisville
Tennsae
Ted Toledo
Peoria
Western
Ciee Sanedacas Eeece
Enanea Paperca
Ilmos
Baltimore and Annapolis
Little Falls
Dolgeville
Ballston Terminal Railroad
Elmira Water, Light and Railroad Company
Des Moines
Fort Dodge
Rock Island
A Inc
Northern Pacific R Ruling In London
London June 10 The Stock Exchange Committee for General Purposes ruled that the buying in of Northern Pacific can proceed on and after June 17. The decision was anticipated and not expected to affect the market as accounts in Northern Pacific are practically set.
MENTIONED IN THIS ARTICLE
London
Stock Exchange Committee
Northern Pacific
Outside securities market ends dull and uneven
The outside securities market closed dull and irregular with Consolidated Tobacco 4s firm and active. over $300,000 changed hands from 73 to 724. Seaboard Air Line bonds rose to 83g but pared gains. Denver and Southwestern issues slipped slightly to 94%. Otis Elevator common at 32. Tennessee Copper around 22. British Columbia Copper at 167. Union Copper at 6. America Can quiet and down a shade. Limited demand for bank shares.
MENTIONED IN THIS ARTICLE
Consolidated Tobacco
Seaboard Air Line
Denver
Southwestern
Otis Elevator Common
Tennessee Copper
British Columbia
Union Copper
America Can
Gas Companies in New York Market Report
Furnished by CPF Frothingham, price quotations for gas company bonds show NY & East R Con Un Gas 5s at 108 bid 109 asked, WT Equit Con 5s at 115 bid 118 asked, Nor Un Ist 5s at 104 bid 106 asked, Mutual Co 3200 325, Stand Gas 6s at 130 bid 133 asked, N Am Co 5s at 107 bid, 107% do 5s pref at 1501% bid, NY & ER 5s at 108% bid 110 asked, plus 1930s at 115. uz
MENTIONED IN THIS ARTICLE
Tobacco& West Anaconda
Penn
Brooklyn
Ches & Ohio
Fin Rhons
Gasss Vy Lp
Southern Pacific
Fiom
Otra
Vathern
Adams Express
Albany & Sur
Amal Copper Am Car & Parr
Texas & Pacific
American Coal
L&é
Mr & i
Iowa
Wabasta
Tot Souls & Lo
West Union Tel
Amer Sang
Mar
Wis Central
American & i
Missouri Pa
Amer Us
Amer Vilen Jio
Amer Tobacco
Atchison Say
Alate Am Ag
Ralt & Ohio
Brunswick
R & Pitts
Fem Sa
R & Nor
Union Trac
Acne
Canada South
Canadian Park
Central of NJ
Touches
Gt West
Mil & St P
Chie & Orthw
Whic RI & Pac
É& O
Occ
St L. SS
Clevane
Calro & Iron
Pry Col & South
Pl & Hock
Consol Coal
Consol Gas
del & Hudson
del Lack & W
Deny & Rio Groly
M & Ft D
Detroit Gas
Evans
TH Do
Ead
Ate Gen Electric Co
Hocking Valley
Illinois
la Kan City
Laclede
Shore
Long Island
Louis & Ar
Man
Michigan
Minn
St Louis
Moran & Tex
Missouri Pacific
Moblie & Octis
Ris & Eesex Ad
Lack & W
Poe
Ieee
Ohio
Ind Gas
Ontario
Pacific Coast
Neil “O Wares Pacific Mail
Penn R R
Peoria
East
Peo Gas & Coke
Pere Marquette
ceeavcce _ a
St L
Cenhees Ees
Pean Ee
Rome
L& A
Bs Coal & Ir
Third Ave
R R
L & West
Va City
Wabash
Wells Fargo
Weert Union
Adams
Nor & W
Sky
Naviega Sensua
V & NE
Anne Ste
Stand
R & T "Inc
Incentes Ee
Tex & P
H & TC
Kan
So &S
Kings Co Fl
L & N Cl
Rio Gr West
Donoe&m
New York
C. F. Frothingham
J& J
B & 7Th Ave RR Co
J. M
ERRR
H&b RR Co
Conesasrenes J. & D
M & St
Ave RR
Ry Co
LIC
Eno & O
York City
Manhattan
Bronx
Colonial Columbia
Fourteenth Street
Gansevoort
Hamilton
Mount
Plaza Seaeeses
Riverside
Twelfth Ward
Pees
Twenty-third Ward
Soo Teo
Union Square
Ferkville
Varick
Suda
Eighth Ward
Fifth Avenue
Kings Cou
National
Tuo Sts
Mechanic
Sues
SOO
Nassau National
Boo
Shermerhorn
Seventeenth Ward
Sprague National
Union
Bank of Staten Island
First National
Tso
Jersey City
Ono
Hudson Co
Nat. J.C
Jersey E
Hoboken
National Bank
tAs
ROO
Res
Inc
New-York
CPF
Frothingham
Mutual Co
N Am Co
NY & ER
Omnia Bay State Gas Co
Bing
Ecesecs
Ee Colum Gas Co
DG & E Co
J &N
Ae & Oo
Gé& C
Ohie & I
Syracuse
J.&s
St Joseph
J. A&j. ci
St Paul Gas Con
M & Sit
West G
Milwaukee
J. Inemanpansi Do
N. Ecieas I
de Haven & Townsend
Wall-st
Am Ry
North Penn
Phila Co
Penn R R Co
Cambria Steel
P Ry Co
Penn Steel
Choctaw
Penn A
Elee St Bat Co
Phila Elec Co
Phila Traction
Phila & Eric
Elec Co
Pitts
Sus Iron & Steel
Lehigh
Tidewater Steel
Marsden Lehigh Val R
U Cos of
Union ‘Traction
U Gas Imp Co
Northern
I Welsbach Co
People’s Trac
NJ i Co
Nat Asphalt ‘Ss
Wheat market reacts to government crop report in Chicago
The June government report sets winter wheat 87.4 and spring wheat 92 with 15,690,000 acres planted. Projected total wheat yield drops to 617,000,000 bushels, signaling bearish sentiment despite some market steadiness from large clearances and reduced visible and on passage stocks.
MENTIONED IN THIS ARTICLE
Chicago
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Col Midist
MK & T
North West
North Pac
South Pac
Tex & New
Stock Exchange
PAWS
Money and Exchange
American Securities Abroad
Federal Treasury
Am Tobacco
Balt & Ohio
Brooklyn RT
Chi Gt Western Ae
Chi RI & Pac
Southern
Zoo MK &T
Ne Central
Pacific Mail
le St Law & Adir
Southern Pas
Texas Pacific
U S
Western Union
ME & T
Argentum Best & Helcher
Cal & Va
Gibson
Goss
Wall Street and Exchanges
Atchison Common
Burlington
United States Leather
Northern Pacific R
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F. Frothingham
Tin Can
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Royal BP
Seaboard Ra
West
Amcom
St Louis Trans
United Rall
Va Coal
White Knob
American Chicle
American Chicle Pressary
Press Association
Soda Foun
American Thread Co
Amer
Barney & 58
Anne
Fa&a
Chesebrough
Os Co
Empire & Bay State
Empire Steel
General Chemical
Gorham Manuf
Hudson River
Stetson
Lanston
Madison Square Garden
Markeen Copper
Mergenthaler
Natioramel & Stamp
St & N. Js
Old Dominion
Beas & L
Penn Salt
A&o
Pittsburg
Simmons Hardware
F&a
Singer Mfg Co
Swift & Coerseece
St Ferry
Trenton Potteries
Union Switch & Signal
Union Typewriter
A&oo
Bklyn Heights
Bklyn B & W
A&d
Bkiyn
Bkiyn Crosstown
S&i
Coney Island & B
Ferry Companies
C. F_ Frothingham
PL & A
San Ae
NY & ER Ferry Co
NY & HF
Union F
NY & NI
Ase
Ser
Pe & Forshay
Wall St
Bid. l
Saxony
Hamburg
Cologne
Munich
Augsburg
Frankfort
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Clinton Gilbert
No. Wall
Capita
Atlantic
Amer. Surety Co
Bd & Mtg Gr Co
Bowling Green
Central Sige
R Bd & T Co
City
Colonial
Fifth Ave Tr Co
S&s
Flatbush
Franklin Creees
Guaranty Tr Co
J. Tle
Kings County
Knickerbocker
Tji& Too
T & Ins
Morton
North Am
J. Nassau
Quar. J. Sie Ot Trust Co
Usm&t Co
ws&Js
Willamsburg
R. L. Day & Co O & Nassau
Best
Osceola Wee
Quincey
Tamarack
Mexican Cent
Wolverines
Old Colony
Allouez
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Parrot
Old Dom
Colorado Springs
Colorado Springsing Stock Exchange
William P. Bonebright & Co
Alamo
Little Puck
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Magnet Rock
Isabella
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Lexington Rose Maudes
Portland
Argentum
Col City & Man
Jack Pot
Acacia
Gold Sovereign
Elkton Con