Stocks Climb After Early Weakness In Broad Market
Market closes with mixed gains as most leading issues show improvement after initial weakness. Notable movements include Allis-Chalmers up to 22 ½, Northern Pacific around 212 ½, and US Steel near 31 ½, while many others report fractional changes. The article notes that bond prices also move, with various issues translating into modest net gains or losses. Analysts caution that despite optimism for summer, stock and bond values hinge on intrinsic value and broader conditions.
MENTIONED IN THIS ARTICLE
Allis-Chal Co
Kan City
Sopf
Rose
Nash
Fury
Mexican Central
North West
North American
Northern Pacific
Pacific Coast
Penn Railroad
Peoria & East
Steel Spring
Reading
Rock Island
Southern Play
Southern Ry . BR
Tenn C & J
Texas & Pac
Do Lani Trust
K Iitstl& W of
US Rubber
Hock Vealley
Tulinois
US Steel
Inter Paper
Vulcan
Wabash
Iowa Central
West Union Tel
Wis Central
Kana & Mich
Japan
Penn
Alb & Sueq Sts
It! & Steel Ss
Union Pac Ist
At&s
Wab
Stock Market Gains After Morning Weakness
The market showed strength in the afternoon with net gains led by St Paul and Union Pacific. The crop report boosted speculative short covering while winter wheat fell but overall yields exceeded normal. Major advances came from American Locomotive Atchison Colorado Fuel St Paul Northwest Delaware & Hudson Northern Pacific Pennsylvania Reading and Union Pacific. The move was driven mainly by speculation rather than certainties, with Treasury transfers and expected gold movements eyed for summer liquidity. St Paul plans Pacific expansion using new stock while Pennsylvania foresees Paris loan announcements.
MENTIONED IN THIS ARTICLE
St. Paul
Union Pacific
American Locomotive
Atchison, Colorado
Northwest
Delaware & Hudson
Northern Pacific
Pennsylvania
Reading
Baltimore & Ohio
Reading Company
Wall Street
Treasury Department
San Francisco
Pacific Coast
Sub-Treasury
New York
Treasury
Alaska
Klondike
Paris
Chicago
Milwaukee & St. Paul
Lkely
Am Coal
Amer Cotton Ou
jAm Dist
Aim Hide & L. Oy
Tel
Ant Wooeillen
Ann Arbor
AES
Moston
Buff
Burt & Sus
Butterick
Canada South
Rena R
Ileago
Alton
West
Lax
Col Fuel & Iron
Olorade & South
Tom
Toy
Comstock
Consol
del & Hudson
Perry
del Lack & W
Denv & RG
Dm&fr D. SA
Detroit
Dist Securities
Sos & Alt. Itty
Eastman Kodak Elec
Evans & T H
Gen Chemical
General Electric
Gt Northern Pt
Havana
Iowa
Kana & M
Vt Suny
Keck & DM
Kenick Ice of
al Laclede
London
Amer
Lake Erle & Wm
Ican Securities
Low Island
Louis & Nas
Manhat-Reac
N. N
Manhat el
Equiv Close
St Fuese
Atchison
Wits
Midh Central
Ohio
St Louis
Erie
Missouri Pacific
Morris & Essex
Nash & ¢ Chatt
Illinois Central
Nat’l Biscuit
Louis & Nash
Nat'l Bram & St
Y Central
Norfolk & Western
Ontario & Wes
Central
Southern Pacific Ai
Southern Palines
Y & Nj Tel
Tian
North West
North Amer
DOL
Ontario
Pacific
Berlin
Berlin Exchange
Paris Exchange
Lyd
A & Pray
R & Sr
Jules
Invest Inc
Trutne
Te Ito
Inc
TOD Inc
Tol Ry & Lead
Siete T
Vanialla
West UN Tel
Railroad and Other Stocks in New York Clearing House Area
The weekly statement of averages of banks not members of the New York Clearing House Association but clearing through members lists figures for June. The data covers banks in New York City, Brooklyn, Jersey City, Hoboken, and Staten Island and notes their stock averages and movements for the period ending June 2.
MENTIONED IN THIS ARTICLE
Babcock & Wilcox CO
Brooklyn
Rensselaer & Saratoga
Sixth Avenue
Central Park North
East River
Joseph Walker & Sons
Bankers
New York Stock Exchange
Broad Street
New York City
Jersey City
Hoboken
Staten Island
New York Clearing House Association
Money Market and Exchange Rates Summary
Money on call opened at 3 percent with bids ranging from 2 to 3 percent and close around 3 percent. Time money quotes extended from 4 percent for thirty days to 5.4 percent for seven months. Commercial paper ranged from 5.0 to 6.0 percent for various terms. Foreign exchange lists various actual closing rates, bankers’ posted rates, and domestic exchange specifics. bank clearings across major cities totaled millions, with substantial receipts and expenditures reported. Government receipts and Sub-Treasury movements are noted, including daily and monthly totals, with a sizable excess of receipts over expenditures.
MENTIONED IN THIS ARTICLE
Reichsmarks
Ty Reichsmarks
Belgium
Switzerland
Cincinnati
Savannah
Minneapolis
St. Louis
New York
Baltimore
Boston
Philadelphia
Chicago
London
Madrid
Lisbon
Washington
Sub-Treasury
Clearing House
Wall Street and Exchanges Summary of Market Signals
Foreign houses traded 20000 shares with a net buying bias. London markets dull, continental markets quiet. Steel demand grows with 40000 tons needed for city projects. 13000 tons for specific buildings. Rumors of strong iron market, curb stock debut of Pennsylvanian copper, Schiff returns to work, and steady dividends from Electric Boat, NYNH&H, and Standard Coupler. Sloss-Sheffield notes mixed labor conditions, iron at $40 per ton, and ample plant capacity. San Francisco money move to New York expected to continue with about $5 million weekly inflows.
MENTIONED IN THIS ARTICLE
London
Pennsylvania and
Hudson Terminals
Manhattan Bridge
City Investment Company
United States Realty Improvement
United States Express Company
United States Express
Boreel
Trinity
United States Realty and Improvement Company
Rogers, Brown & Co
Pittsburg
Pennsylvania and Cananea Copper Company
Republic of Mexico
Greene Consolidated Copper Company
Schiff
Jacob H. Schiff
New York, New Haven & Hartford Railroad
Standard Coupler Company
SLOSS
Sheffield Steel and Iron
San Francisco
New York
Frisco
Market Roundup Shows Mixed Trading Across Sectors
Curb market trading displayed little animation with irregular price moves. Strength appeared in Utah, Boston Consolidated, Copper Securities and Nipissing, while most industrials fluctuated. Halifax Tobacco led gains then eased, Bethlehem Steel slipped before a rally, International Salt fell heavy, Mackay remained steady, Chicago Subway fluctuated, American Can weak, Delaware & Hudson 4s advanced to new highs, Marine 44s rose.
MENTIONED IN THIS ARTICLE
Utah
Boston Consolidated
Copper
Nipissing
Havana Tobacco
Bethlehem Steel
Mackay
Chicago
Delaware & Hudson
Marine
Also Mentioned on This Page
Bankers and Brokers
State St
the Rookery
A.B. Leach & CO
Farson, Leach & Co
Broadway, New York
Henry Clews & Co
Stock Exchange
Pine St
South Fourth Street
Charles C. Crook
Aubert " Os. R. Bourne
Abert H. Vernam
Frede F
Lincoln Trust Co
Trust Co. of America
Bank of New York
Clinton Gilbert
Wall St
J. Thomas Reinhardt
Wm. R. de Gruchy
Harlem
Lenox Ave
125Th St
Hegeman's Drug Store
Mitchell Mining
Trbune
Aneway
Bithets
East
Evra
Bae West
76Th
Tino
Ist Inc
Td Inc
Mae
Alb
USA
Sloe
Iolana
Gata
Joe
Union
Ile Do
Lst
TOD
Bay & G
el J & E
Kcfs & M
Ao Roy
Ls&&m
Unif
West Shore
Ark Ist
L & N cl Tr
American Securities Abroad
Consolidated Exchange Sales
Allis-Chalmers
Car & Pary
Leeedeses
Lawumeoti
Brook
Wes
den & Rio
Seuls “& Nash
Kan & Pacific
Railway
Texas
Dle Nor
Micke
Steel
I Saeeinieaieie Ae
District of Columbia
Philippine
Money and Exchange
Wall Street and Exchanges
Curb Market Trading
Industrial
Beth Steel Corp
Houston
Zelo International Salt
Bingham Central
Howton Copper
British Col
Sh Butte Coalit
Olibalt Contact
Zeon Greene
Greene
Guanajuato
Heatherbloom
Ft 100
Mom & i
Nevada
Phares
Utah M & S
Ing
Nipissing M
Fe Penn
Atlanta Packetee
Precious Met Cor
Raven
Concol & Va
Richmond Eureka
Foureka Ovens
United Copper
Mollie Gibson
Ieee
William E. Nichols , Co
Waitay
Greene Silver
Granby Copper
Inter
Mazina Bay
Beth Steel Co
Lord & Taylor
Borden's CM
Sonene Gold
Wtah
William
Nichols & Co
Am Brass
Am la FE Co
Lans
Procter & Gam
Singer Mig Cent Fireworks
Chesebrough
U W Co Pf
Trenton Pottery
Euncarcesl
Bliss Co
UN Bank
Hall
Herr-Hall-M . - Inter
NEW York and Other Gas Securities
William E. Nichols & Co
Bae
Sas
Col_Ges Co
Fosse Asanere PS
Ohfio
Ind
Shitual Co
St Fea Peat
Mit
Ferry Companies
Bklyn
Alb & Susq
Grand River
Alb & Vermont
Ead Allegh & West
Am Tel & Cable
Ss i
Joliet
At&éCa
Berkshire Wars
Bae Bost & Albany
Morris & St Bost & Lowell
Nash & Decatur
Bost & Prov
Trans Bway
7Th
Inn
Brooklyn City
Nh Ave
Cayuga
Lve North Pann
Chat'chee & G
Ch & E Illetts
Nort & W Pt
Chris
10Th St
Cleve & Pitts
Osweep & Col & Xenia
Pat
Pac
Concord & Mon
Pearts
Conn River
Day & Mich
Pitt
East Penn
Mahanoy
Sara
Eighth Ave
Renss & Elm
Wiliam
Erle & Kalam
Second Avenue
Erte
Pitts
Pitchburg
Southwest R R
Franklin Tel
Utica & Bik Riv
Ga RR. & B Co
Utica C
Goshva & Dee
Utice City & B
Mt America
Lincoln
Astor National T
Manhattan Co
Market & Ful
Metropo Ts
Battery Park
Trad
Bowe
Butch & Drow
Mercantile Metropolitan Coal & I
Merchants’ Consolidated - We
Iss
Mount Morris
Mutual
Nassau
Chemical New Am
Chelsea
Columbia
Corn Snstange
Oriental Fidelity Ae Pacific
People’s
Fifth Avenue
Riverside
Greenwich
Twelfth Ward
Hanover
Wee Livers
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