Market Drift As Traders Await Chicago Convention Outcome
Wall Street showed no urge to move as stocks traded in a listless, even rhythm. Dealers anticipate a Republican ticket at Chicago could spark constructive buying, with Baldwin Locomotive and oil issues among notable standouts as investors weigh looming tax and half-year disbursements.
London Money Market Snapshot From June 10
London money markets show silver at ABA per ounce and gold at Mba per ounce. Short-term discount rates rise to 6 0 per cent with bills at 1 cent. Lisbon money premium quoted at 140.
MENTIONED IN THIS ARTICLE
London
Lisbon
Chicago Bank to Cut Loans on Liberty Bonds
Chicago banks in the Seventh Reserve District will value Liberty bonds at approximate market value for loans starting tomorrow. Promissory notes secured by U S government war obligations will be accepted at 85 for Liberty bonds 95 for Victory Loan notes and par for Treasury certificates.
MENTIONED IN THIS ARTICLE
Chicago Bank
Peay
Chicago
Seventh Reserve District
Federal Reserve Bank of Chicago
United States
United States Liberty
United States Victory
United States Treasury
Mercantile Marine Declares Extra Dividend On Back Stocks
The International Mercantile Marine board approved an extra 6 percent dividend plus the regular 6 1/2 percent semi annual payout to holders of record July 16. This raises accumulated preferred stock arrears to 42 percent with prior payments noted. Franklin denies plans for a new security and confirms policy of meeting arrears via extra disbursements.
MENTIONED IN THIS ARTICLE
International Mercantile Marine
Hn International Mercantile Marine Board
Stossuc
Steworta
IMM
Plas Franklin
Bank of England Reserve Viability Report
A weekly Bank of England statement shows reserve viability at 14.20 percent, up from 12.8 percent last week. The report notes discounts and related proportions, with figures around 6.00 and 7 percent in various categories.
MENTIONED IN THIS ARTICLE
Bank of England
Og Reon
Dividends and Stock Dates for Various Corporations
Dividend notices list multiple firms including Jamison Mines, Unnamed Company, and others with dividend dates and stockholder actions. It records ex-dividend and payment dates such as June 12 and June 19, naming entities like Locomotive Co and Valley Coreless in a historically varied financial notice.
MENTIONED IN THIS ARTICLE
Suent Corp
Ain Locomotive Co
Nooth Pigheries
Endleottdulin
George Ways
Molen Valley
Wall Street Scores in Anglo French Bond Rally
Strong Anglo French bonds maturing October 15 near 99 percent. brokers for J P Moreau & Co prepared to take all offered. France refund rumors raise questions on accommodations in London. Japan market stabilizes as Bank of Japan-backed efforts aim to meet June 30 settlement. Liberty bonds slide on new Treas ury issues while French public finances surge. U S industrial alcohol and Chandler Motors show active trading amid sector shifts. Royal Dutch rumors denied as oil talks continue. banks collect at par across Pacific states. National Aniline and Barrett revive on dye bill fallout.
MENTIONED IN THIS ARTICLE
New York Tribune Inc
Ativan
S Utisty
Cjsc
Yiseesereeseres
Boles
Owen
Clige
Dutch NY
Bao Ta
Alaska
Savage Alma
Allis-Chalmera
Byy
Saxon Motors
Agr Chem
Bt, T
San Fran
Amer
Sagar
St Louis Southw
Rosch Mag
St Tionis Southw
Am Rr Sh & Fary
BOT
Gia" Scahnard
Shell
Am Car & Foundry
Binelatr Oil
Bam
Amer Colton Oil
Mala
Shef St & Tron
Am Drug Syndicate
Ting Southern Paci
Southern Railroad
Amer Inter's Corp
South Railroad
Jris
Amer Shin & Com
Bundebaker
Amer Smelting
Texas Company
Amer Smelting Pf
Big BE Np Texas & Pacie
Dol Amer Stzel Fiy
Texas Co
Amer Sematra
Amer Tel & Tel
Wnion Naz & Paper
BSI
Amer Woolen
Union Pacific
Amer Wooten
Top
BBS United
Coast Line
Gulf & WT
Smelt & Mots
EBV Hard Loco Co
Balt & Ohio
UB Steel Pf
Balt & Ohio Pf
Sala Stat Barrett Co
Hans Beth Motors
Vanadium Steel
Tava
Bethlehem Steely
Ya-Car Chemical
Beth Steel
Clase B
Vivaulow
Beth Steel BO
Wabash of AL
West Pacis
Aria
Aria Arie Nek Tooth Fisheries
Westinghouse Mik
Aie
Bill Glin
Bite Nuits & Bup
Willys Overland
Eh Akoresaet
Willys Oveland Pf
Ganate Pache Oor Tod
Tata Cate
G Ado & Woolnonth
Enna
Pump & My
Lee Hesea Bee
Wall Street
Chicago
Baldwin Locomotive
Royal Dutch
Ohio
Chi
Mea
St Paul
Chi & Northwest
Barrett Company
Naz
Chi & Northwest Ph
Rock Tel
Pac
Gale Aus
Schiateates
Essee
Col & Sp
Suli
Ture
Northern
Columbia Grenh
Gete Pacite
Great Northern
Columby & Elec
Rai
United States
RAO Bo Sunssvynt
Cuba
Amer Ree
Treasury
Detroit
Dume
Bank of England
Vreeport Vexay
General Chemical
Hiss
Heinay
Rae
General Motors
Uae
Gen Motors
Bae
Ea Imeney
Pea iplaAatettel
SGU Heme
J. P. Moreau & Co
Great Britain
France
Jbankers
London
Oregon
Washington
Arizona
Federal Reserve System
Federal Reserve Bank
New Shaffer Oil Convertible Notes Issue
A new issue of 2,000,000 per cent convertible three year notes by Shaffer Oil and Refining Company is underwritten by a syndicate led by Montgomery & Co and HH. Byllesby & Co Inc. The notes carry warrants attached and are offered on an, with a yield of 8. to 1 8 per cent. The Twissois Trust and Savings Bank Merchants Loan and Trust Company Up Sove Dewsborn National Bank, all of Chicago, join as joint managers of the syndicate.
MENTIONED IN THIS ARTICLE
Shaffer Oil
Shaffer Oil and Refining Company
Montgomery & Co
HH. Byllesby & Co, Inc
Twissois Trust and Savings Banl Merchants Loan and ‘Trust Company
Sove Dewsborn National Ban All of
Chiesco
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American Light & Traction Company
National Cityompany
National City Bank
FINIH
Jelke, Hoop & Boonles
Stock Exchange
New York
Roosevelt & Son
Pine Street
the Marine Trust Company
Buffalo, NY
Tom Exchange Bank
Irving National Bank
Harris, Forbes & Co
Ine Strost
Corer Wiliam
Harriman National Bank
Fifth Avenue
Forty-fourth St
Hindsom & Manhattan Railroad
Inc
Somes
Sect'a
Sicenes EE
Tavemner Uecae
Eae Telephone Company
MsGass
Ion
Tno Haba
Aro
U. 8
Peter See
Enillentt-Johnson
Findicott-Johmeon Mt
Gyrens
Money and Credit
Lee
Intel Naty
Gropp Entel Raoeet Aled
Nichol
South Time
Linn Bank Clearinies
Fa Daehn
Bulan
Roe
Houblly
Nashyiey
Manhadar
Montreal
He Aera
York
Agiy
Midvale Steel
Gin Cine
Kona & Ter
Sterling Exchange
Missouri
Mont Ward Co
Gaale Rchaneoenasene
Ffrmatase
meGerrlaneneskoward
Aniline Pf
Nat Chowk
Wiig
Bo Nat Con & Coble
Nat Enem & Stamp
Hotyer
Geo Nell
Tex & Mex
Lass of
Sterning
New York Central
Oath Peat
Norfolk & Wealern
Bat
Northern Pacific
Belgium
Francs
Chka
CtkIa Prod
Kefin
Ontario
Olis Elewtor
Trenton
Comio
Cablem Oo
Swits
Chha
Pacific Development
Monwealth Steel Company
Paeineedavoum
Jersey City
PancAmier Veitil
Pan-Amer Veitol
Grig ‘Gyag Niero
Weock
Gailders
Hsia Sinan
Bingham
Gorge Bwellap
Cheaka
Oney So Ann
Bing
Ley
Dennare Ile
Ettene
Teeta Sary
Philadelphia
Norway
Vierco Arrow
Paris
Pleres
Arrow
Greece
Bierco
Manila
Finon
Cablew O
India
Ania
Japan
Punta Alegre
Ventas
Argentina
Cablon
Hrazil
Rio
Cables
Stepub
Tron de Bleel
Wits Ort Merlugle Bleck Vies
Mercantile Marine
Cari
Proiucts Corporation
Jasin Miensna
Ice
Ree Jam
PHY Axibe Ily
Uden
Tn Artnely
Wivideni
Puyahie Suly
Wilwra Ham
Te Canaalte Corp
Thani
Ial Featbuils” Co
Taig Cfinutaviil
Dunn
Hupp Motor Co
Oaly
Commonwe
Eon Steel
Witton
Guaranty Trust Company
Yokohama
Tokio
Bank of Japan
Maskell & Barker Haskell & Barker
Stock Exchange House
Railroad Administration
Alcogas
Shgiadev
Chandler Motors
Wits
Strongth Ag
Ats
Rdvisional
Arminet
Ch Petroleem London
the & Mstview Yeste Avoivd
Corresnelegraph
Chalmers
Maxwell Merner
Hugh Chalmers
Barrett
National Antine and Chemical Shares
Congress
Gligden, Davidge & Co
New York Stock Exchange
Broad Street
Herrick & Bennett Menders
New York Stack Exchange
Broadway
Telephone Rector
Uptown
East 42d
Ralph H. Dunn
New York City
IE. Brosdyay
Tod Montaguey A
Producers Refiners Corporation
Lal
Droad ST
Bond & Goodwin
George S. Ring
Maxwell E. Bessell