Stock Market Opens With Early Weakness Then Improves
Closing prices show varied gains and losses across many issues led by rail and industrials. Analysts note rights and warrants may accrue to stockholders but warn against treating high priced rails as cheap investments. Overall, securities are expected to rise through summer barring major negative shifts in intrinsic value.
Stock market operations show early weakness then gains
The market rose in the afternoon led by St. Paul and Union Pacific amid a large short interest covering. Crop reports improved wheat prospects, while several stocks advanced over 1 percent. Treasury transfers and gold movements, anticipated fall money ease, and St. Paul’s capital plans dominated investor confidence and market tone.
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
Clearing House
Paris
Chicago
Milwaukee & St. Paul
Exchange
Lkely
American Securities Abroad Irregular Market London June 11
The London market for American securities showed more gains than losses with mixed quotations on June 10 and June 9 equivalents. Foreign money rates cooled with call money in London at 2 to 2.4 percent and Berlin and Paris discount trends modestly lower. British consols and French rentes stood firm while Japanese 6s rose slightly.
MENTIONED IN THIS ARTICLE
London
N.Y
N. Y
Atchison
Baku & Ohio
Can Pacific Ches & T
Chie & Gt West Ce
Mil & St P. den & R
NY Central
Norfolk & Western
Ontario & West Erie
Pennsylvania
Reading
Illinois Central
Louis & Nash
Southern Pacific Southern Railw
Union Pacific
OSU
Gry
Berlin
Berlin Exchange
Paris
Paris Exchange
Money Market and Exchange Rates Summary
Money on call opened at 3 percent with latest loans at 3 percent. Time money quotes ranged from 4 percent for thirty days to 5.5 percent for seven months. Commercial paper listed at 6.5 percent to 5.4 percent across terms. Foreign exchange shows Sterling at 4.8645, Reichsmarks at various rates, and Dutch, Belgian, and Swiss rates. Bank clearings recorded across major cities. silver and gold premiums noted. Government receipts and Sub-Treasury balances reported. New Orleans figures included.
MENTIONED IN THIS ARTICLE
Sterlin
Reichsmarks ' Ae
Belgium
Switzerland
Holland
Guillers Ree
San Francisco
Telegraph
Boston
Chicago
Charleston
Cincinnati
Savanneah
Minneapolis
St. Louis
New York
Baltimore
Philadelphia
London
Madrid
Lisbon
Washington
Sub-Treasury
Clearing House
New Orleans
Wall Street and Exchanges and Early 1907 Market Update
Foreign houses traded 20 000 shares in the local market with a net buying stance. London markets were dull while Continent reactions stayed quiet. Steel demand grows with dozens of city projects needing hundreds of thousands of tons. Rogers Brown sees a rebound in iron and a likely very active market as prices firm. The Pennsylvania and Cananea Copper issue debuts on the curb. Jacob H Schiff returns to work amid Japan and Corea notes. Dividends from Electric Boat New Haven & Hartford and Standard Coupler declared. Sloss Sheffield reports mixed labor conditions but solid foundry iron prices. San Francisco funds move toward New York with expected transfers of several million dollars.
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
Treasury
San Francisco
New York
Frisco
Weekly statement of averages for non Clearing House banks
The weekly statement covers banks of New York City Brooklyn Jersey City Hoboken and Staten Island not members of the New York Clearing House Association but clearing through members. It presents June 9 and June 2 figures for loans disbursements investments circulation net deposits deposits with banks deposits in bank and trust companies legal tenders and bank notes and reserve requirements with changes between dates. The data show totals for demand and time deposits and a small deficit or surplus indicator where applicable.
MENTIONED IN THIS ARTICLE
New York City
Brooklyn
Jersey City
Hoboken
Staten Island
New York Clearing House Association
Inc
Sak Avases
Ferry Company Bid and Ask Prices Reported
Transportation market brief notes bids and asks on various stocks and ferry related assets. The fragment lists numeric quotes and exchange abbreviations, reflecting ongoing trading activity and pricing signals across multiple entities.
CURB MARKET TRADING REPORTS MARGINAL MOVEMENTS
The report notes little animation in outside securities with irregular price movements. Strength appears in Utah Boston Consolidated Copper Securities Nipissing while other sectors fluctuate. Industrials show modest moves with Ha v ana Tobacco leading, Bethlehem Steel dipping then recovering, International Salt heavy, Mackay steady, Chicago Subway irregular, American Can weak, Delaware & Hudson 4s rising to a new high, Marine 4s up, and Ha v ana Tobaccos down.
MENTIONED IN THIS ARTICLE
Utah
Boston Consolidated
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
Enry Clews & Co
Redmond Sa
Pine St
Has. D. Barney & Co. Ar
RS & Brokers
York
South Fourth Street
Babcock & Wilcox CO
Rensselaer & Saratoga
Sixth Avenue
Central Park North
East River
Joseph Walker & Sons
New York Stock Exchange
Broad Street
Fina Marles CO. Crook
Albert
Vernam & Co
New 5St
Fredk F. Marquand
Marcin
Lincoln Trust Co
Trust Co. of America
Bank of New York
Clinton Gilbert
Wall St
Agustus&. Gorham
John B. van Schaick
van Schaick & CO
Chicago Board
M. Moweth
S's
Dhe
Con
J. Thomas Reinhardt
Wm. R. de Gruchy
Harlem
Lenox Ave
125Th St
Hegeman's Drug Store
Mitchell Mining
Tribune
Eadway
S6th
Sithets
Evra
de Tremont Sear Diet Ct
Dieecker
Kan City
Mexican Central
Nat Lead
Y Central
Seri He Ae
Nnyn H & H
North West
North American
Penn Railroad
Peoria & East
Peo G & C
R R Securities
Ry Steel Spring
Rep Iron & Steel
Rock Island
Southern Pac
Bogret
Texas & Pac
Illinois
US Steel
Inter Paper
Wabash
Iowa Central
West Union
Wis Central
Kana & M
Japan
Mex Cent Ist Inc
Cis
Penn Conv Sis
Alb & Surg
Am Tob
Union Pac
Do Ist Inc O
Do 2d Inc
NS & St
Am Tobacco
Penn Conrt Gus
L& N
Tee SA & A
Thom
Chic & E
Ss Steel
CI & L
FS & M
Lacka Steel
LS & M
West Shore
L & Ark
L & N Cl
Rss. BR
District of Columbia
Philippine
American Securities Abroad
Money and Exchange
Sipdachantchcapenyen Peniecaini
OpentSush
jAdems Express
Alb & Bus
Allis-Chalmers
Armal Copper
Amer Cotton
Hide & Lee
Ain Steel
Ann Arbor
Luz
Soe
Satie Lyn
Brunswick
Canada South
Canadian Pacific
Nia
Ches & Ohio
eTileago
Alion
Cleveland & Pits
Olorade & South
Col & H
Comstock Tunnel
del & Hudson
del Lack & W
Detroit
Lastman Kodak
Sao Do
Evans & T Haaa
Havana
Hock Valley
Tlinois
Rentral
Ae Isi
Asi
KC Fes
Foal & Mercies Keck & DM
jLake Erle
WoSlie
Long Island
Louis
Nash
St . Esece
Min & &T Louis
Moran & Texas
Missouri
Missouri Fie Ot 8816 96% 93 —|Morris & Tssex Ash & Chatt
Bram
NH & H
North
Norther
Ontario
Tiss
Tos Ste
Gety
Wells
Westingh
Consolidated Exchange Sales
Car & Fry
Lee
Ae Gas
Balt & Ohio
Ches & Able
West
Mil & St P
den & Hilo
Erie
Central
Kan & Se
Pacific Las
Gi's
Texas Pacifie i
Mt S Steel We
Lo Wabash
Bingham Central
Boston Copper
British Col
Pate Butte Coalit
el Rayo
Guanajuato
la Siea
Heatherbloom
Ama
Mitchell
S. Ana
Nevada
FCM
Nipissing M Co
Penn & Can
Atlanta
Comstock
Col
Ss Sm
Union Cop Co
Tu United Copper
Ewes Frrom
Gibson
Ophir
Saeed Adnate Eibameeriat Dainaei
Industrial
Beth Steel Corp
Houston Ou
Ste
Los Mackay
Man ‘Transit
Morgen Horton
NY Transport
Pap & Pulp Pendens Am
Wall Street and Exchanges
William E.ichols & Co
US Valley
Greene
Inter
Marine Bay State
Beth Steel
Borden's CM
Lord & Taylor
Ilé
Mackay Boston
Brit Col
Central Foundry
Big Nevada
Chic Subway
Otis Elevator
Royal Baking Electric Boat
Union Copper
United Cop
Gola Rit
William E. Nichols
Wallaty
Stetson
Pratt & It
Procter
Migane
Trenton Pottery
Biss Co
UN Bank N Corp
Empire St
Gorham
Hall Signal
Claffin
Herr-Hall-Mworth
NEW York and Other Gas Securities
Wall
Chile
Gas Co
L Co
Ind Gas
L& W
St Joe Se
Mutual Co
NY &Ne River
Bulyn F
Alb & Susq
Grand River
le Alb & Vermont
Mahon Coalee Bleeck S
Bost
Albany
Morris Bost
Lowell
Nash & B
Nashua & Bost
Haven
Brooklyn City
Cam & BR R
North Carolina
Cataw
Cayugan
Riversorth
Rthwest - Chat'chee & G
Rf & W
Ch & E
Ili
Dogcen
Old Colony
Chris & Yeth
Cleve & Pitt
Sonar
Concord & Mon
Cone & Ports
Peoria
Conn River
Mich
Pitts
East Penn
Bo Pitts
Aveak
Renss & Saraw
Wiliam
H & Gen V
RW &O
Erie & Kalam
South Avenue
Fitchburg
South
Southwest R Rr
St & G
Franklin
Nirrs& Gold
Bik & Rik
Ro“ & B Co
Goshen & Dee
iUtica Citn & B
America
Lincoln
Astor National
Manhattan Co
Market & Ful
Tna National
Metropois Bk
Discount the
Mechanics’ Battery Park
Mech & Trad
Bowesdaise
Mercantile
Butch & Drew
Metropolitan
Merchants’ Consolidated Ldo
Pnnaney Mount Morris
Pnnaney Mount Morris. Hase Toe
Mutual
Chatham
sue _ Nassau Chemical
Nynba City
Chelsea Exci
Eich Commerce
Columbia
North America
Corn Exchange
Oriental Fidelity
Pacific
First National
Fifth National
Fifth Avenue
Phenix
Riverside
Seaboard
German-Am VeTman
Ania
Greenwich
Twelfth Ward
Hanover
Neds
Imp & Trad
Union
Ck Cent
U & Exe National
Nor Studs
Curb Market Trading
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