Wall Street Holds Steady Amid Gold Exchange Tensions
Stocks show resilience as gold export fears ease and traders eye the slow liquidation trend. Fractions of a recovery support cautious optimism about future activity, with London buying and European tensions shaping sentiment. Major rail and manufacturing orders and corporate moves accompany the market outlook.
Wall Street News Summary of Markets and Loans
Market activity yesterday showed about 19 000 on the buying side with bank fees totaling 98 763 000 and reported weekly currency movements. The week’s gains reached 11 220 000 with shipments and transfers through San Francisco and Washington totaling several million. Treasury operations, corporate bond updates, and shipper notes appear in fragmented figures from the week.
MENTIONED IN THIS ARTICLE
San Francisco
Washington
Treasury
Kruttchnitt Says Business Is Bad for Southern Pacific
Julius Kruttachnitt chairman of the Southern Pacific after a three week inspection trip says business in the territory is bad though crop outlook is strong. He notes disorganized Mexican lines under E H Harris man, forecasts paying business if stability returns, and criticizes high railroad rates while public investment wanes. He questions government ownership, asking if owners must pay for rights exercised without payment.
MENTIONED IN THIS ARTICLE
Julius Kruttachnitt
Southern Pacific
Krattechnitt
Frank A. Vanterlip
New York State Bankers’ Association
New London
Krattachnitt
Mexico
Iate
E. H. Harriman
Bitelness
Kruttechnitt
Kruttachnitz
Public Utility Notes on Bonds Dividends and Earnings
The Public Service Commission of the fourth district reviews Suffolk Light, Heat and Power for $2 5 million in funding bonds while Puget Sound Traction Light and Power declares quarterly dividends of 1 5 percent on common and 1 00 on preferred payable July 15 to record July 1. Detroit Faison Company May earnings rise 15 percent in gross revenue. Commercial electric, street railways, and steam salon show varied gains with net income up 203 percent for Detroit group and five month totals up 17.8 percent. surplus up 21.8 percent.
MENTIONED IN THIS ARTICLE
Public Service Commission
Suffolk Light, Heat and Power Company
Puget Sound T., L. and P
Puget Sound Traction, Light and Power Company
Btone & Webster Organization
Detroit Faison Company
Reorganizing the Frisco Bondholders Plan
A Frisco reorganizing plan calls for June 2 bond deposits as a prelude to addressing a July 1 default on 1 971 009 in semi annual interest. The committee aims to pay coupons from deposited bonds under the guidance of mortgage bondholders and related committees in foreclosure actions.
MENTIONED IN THIS ARTICLE
Bt. Louis & San Francisco
Frisco
Said
Jones Nominated for Reserve Board Head in June
Washington dispatch reports Thomas B. Jones a Chicago lawyer likely to be nominated to head the Federal Reserve Board with the White House confirming a Monday announcement. Other expected nominees include Warburg Harding Miller and Simmons, with McAdoo and Williams as ex officio members as the system plans twelve banks by August 1.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Thomas B. Jones
Chicago
Federal Reserve Board
Board of
Princeton University
Bim
Mong, & Bt Louis Hardware
Simmons
Wall Street
Jonas
Paul M. Warburg
New York
W. TP. G. Harding
Mrmingham
Ala
Adolph C. Miller
San Francisco
B.C. Simmons
St. Louis
Senate
McAdoo
Williams
White House
Warburg
Harding
Miller
Inerior
Jones
Federal Reserve System
Reserve Board
Wheat Declines to Fresh Low on Trade Woes and Weather
Markets show further decline as wheat leads losses amid banking troubles and a suspended grain firm. Oats and corn also slip while provisional quotes vary, with gains or losses limited by mixed sentiment. Traders weigh Liverpool strength and rain fears against fading upward momentum. Bankers offer 1,800,000 for Pope Manufacturing assets in Hartford and Westfield, with 40,000 cash and 1,400,000 in seven year notes, as a hearing date is set. Sugar futures talk rises with Hopkins Brothers circulating 1 1/2 million ton late quotations amid anticipated rule changes.
MENTIONED IN THIS ARTICLE
Chicago
Dificulties
Howe
Liverpool
Here
Hartford
Conn
Pope Manufacturing Company
Connecticut
Massachusetts
Superior Court
Bennett
George Pope
Edward KE. Blodsett
Boston
Westfield
Mass
New York Coffee Exchange
Hopkins Brothers
New York
Rr Hutte & Bal
Molansen
Hay
Caiot & Tre
Melvetia Io
Paco
Ie Be Lars
Onnen
Old Dominion
Fond Creek
Pla
Vitoria
Borton & Mains
Moebh
W&m Clas
Ual SA
O Lit
Hurley
Dicon
Coe
Wohirkey
Gale
United Pratt
Ian
Ask
Dougian
Bohemia
Baltic
Elly
Calaverna
Miami
United Verde
Philadelphia
Cambria Steelz
Eleo
Lake Sury
Lehigh Nay
Minehitt Mt
Penn
Phila Co
Phila Rap
J & Seashore
York
Roth
C&c
Easinon
Tk Tt Pr
Swit & Co
Swift & Co
Baltimore
Tow
Fidelity & Te
Maryland
Northern Cent
U Is
Penn Wat & Pw
Union Trust
Rye & Teo
Consol Coal
Anaron Pot Sa
Elkhorn
Lex
Marand Elfe
Pittsburgh
Crucible
Ohio
HONDA
No Action on Monon Common Dividend
Directors of the Umicage andiauapons Leulpville held a special meeting yesterday and declared a 2 percent semi annual dividend on preferred stock but took no action on a 1 percent semi annual dividend for common stock. It was understood the common dividend would be passed. Monon is controlled jointly by Louisville and Nashville and the Southern Railway.
MENTIONED IN THIS ARTICLE
Umicage
Andiauapons Leulpville
Monon
Louinville & Nashville
The
Southern Railway
Metal Markets Copper and Tin Prices Shown
Market report lists copper futures and spot in London and New York with quoted levels around 10 percent, tin in London around 8 to 30 per unit, lead and zinc prices noted in New York and London, with various delivery and future figures. The piece references August and September quotes, market quietness locally, and mentions several foundry and regional price references.
MENTIONED IN THIS ARTICLE
Tin London Copper
Tu Ruguet
Bentember
Landon
York
Apot
Mt Lonie
Landon Lew
Melter Guiet
New York
Louis
London
Spelter
Rogtherm Dau
Southern
Nu i
Retail Buying Better in farmers wealth boosts outlook
Commercial agencies report firmer retail buying from agricultural prospects with improved wholesale and robbing departments. The South and Northwest lag, while Central West and Southwest show brighter demand. shortages in collections ease, and overall business outlook strengthens on farm wealth.
MENTIONED IN THIS ARTICLE
Mast
Far Northwest
Dan
Bradstreet
Wheat and Corn Prices Dip on Weather and Trade News
Wheat opened with a solid start but slipped in the afternoon amid heavy selling as Chicago and Winnipeg marks fell. The Modern Miller notes harvests near, Oklahoma wheat due Monday, while corn weakened on rains easing crop fears. later trade firmed on Brazil finance recovery, closing with gains.
MENTIONED IN THIS ARTICLE
Tye
Chicago
Winnipex
Onte
Duis
Brazil
Coffe
Mar
Market Reports from Toronto and New York Spot Wide Shifts
Reports show showers in harvest areas lifting wheat early, then a late-day decline to new lows amid weaker European markets. Corn softened as wheat rose, oats saw large-scale liquidation, rye remained quiet, and flour and feed prices faced unsettled trends with mixed export demand.
MENTIONED IN THIS ARTICLE
Budapest
Antwerp
Sie
New Yorks
Manitoba
Miko
Western, Inc
New York
Harley
Hradatreet
Coto
Caparis
Tory Vicesseseecesese
East Gem Secieses
Kansas Stright
Lake
Brasil
Saarck
America
Wholesale Fresh Produce Prices and Market Conditions
Market report shows receipts shaping a weaker overall tone with quality deteriorating. Butter and dairy receipts rise quietly while fruits and vegetables list mix of gains and declines. apples, cherries, and strawberries soften amid variable demand. poultry and eggs trade with limited demand as prices vary by grade and product.
MENTIONED IN THIS ARTICLE
Algo
Hennery
Igner
Ben Davi
Baldwin
Aewan Ze
Hike
Bineke
Wiley Mace
Up River
Tucker Arrte
Mskmelons
Orto
Ico
Tae
Boston Wool Market Traces Moderate Business and Price Resistance
Boston wool traders report lighter activity than last week though steady demand for domestic wools and some tops. Prices held firm but buyers resist higher values while foreign trade shows slow progress. notable quotes list diverse regions and freights for washed and unwashed wools with varying fineness and months.
MENTIONED IN THIS ARTICLE
Boston
Commercia
Ohio
Pennsylvania
Delaine
Dee Jaine
Tehicanew
York
Wisconsin
Missouri
Ate ‘ Valley Nai
Aide
Sian
Ane
Market News on Prices and Stocks for Sugar and Beets
The report notes firmer refined sugar prices and higher point movements with June and September futures and December contracts. It cites active trade. about 390,000 bags traded for Cuba and Porto Rico, with spot prices varying and London beet sugar prices quoted for June, July, and August. It also provides European and world stock totals, including 3,690,754 tons of stock in Europe and rice stock figures, and mentions French stock in the present weak market.
MENTIONED IN THIS ARTICLE
Cahas
Porto Riros
Cuba
London
Waa
Europe
Philadelphia Wool Market Holds Steady Prices Rise on Demand
Philadelphia reports robust wool trade as manufacturers rush to absorb arrivals. Prices firm with top not yet in sight amid active fleece movement from Ohio Michigan and Pennsylvania West Virginia. Buyers seek fine washed delaine and low staple grades, while unmerchantable lots decline in value.
MENTIONED IN THIS ARTICLE
Philadelphia
Vance
Ohio
Michigan
Pennsylvania
West
Virinia
Cotton unsettled and lower in latest market report
The cotton market showed volatility with an initial sharp drop followed by a rally before heavy liquidation pushed prices down. July and old crop months saw pressure from Wall Street selling, while afternoon activity firmed slightly but closed near day’s low. Local quotes hovered around middling upland with modest activity and notable weekly movement figures for port receipts and mill takings.
MENTIONED IN THIS ARTICLE
Chicago
Wall Street
LIVESTOCK MARKETS REPORT FROM NEW YORK AND CHICAGO
Receipts detailed for cattle hogs sheep and veal with prices per 100 pounds and per head. Markets show mixed to steady trends across regions with varied weights and grades among steers cows calves and dressed meats. Notable buyers and consignors include Tobin Shannon Newton & Co McPherson Judd & Dale and Gage year listings.
MENTIONED IN THIS ARTICLE
New York
Kwharnon & Cot
Tobin
Shannon
Ohio
Newton & Co
McPherson & Co
T Venia
Bae TD
Judd & 'Dale
Kerns Commission
Tobin Shannon
Hume
Arly
TalsTobin & Whannon
Cate Yeaterday
Sanders
Ann Fash
Stan W
Tadd @ Co
Tobin & Shannen
T Va Howe
Chicago
Salem
Hans Snopes
Ewe Srocnere
Louis
Dulls
Also Mentioned on This Page
New York City
Herman Fea
Jad
Bankera
Sarge
Geren Banks
Iittle Em
Deariah
Jasson
Mech
Mgr
United States
Perope
Ant
Mt Esropa
New York Central
Consolidated Car Heating Company
Frederick W. Kelley
New York Stock Exchange
Continental Can Company, Incorporated
American Locomotive Company
Chicago, Indianapolis & Louisville Railroad
St. Louis, Brownsville
Texas Pacific
Toledo, Peoria & Western
W. P. Clough
Northern Pacific Heant of Directors
Madison
Wis
St Paul
City Bank Club
Freechwood
Scarborough-on-the-Hudson
Frank A. Vanderlip
IEF
Wall Street News
Pete Ueyear
Witter Steel Corporation
Hall- Gedave
Tate
Iion Terminal Company
MBM
Sharad
Saeed Raltroaa
Kruttschnitt
Detroit Edison
T. C. Jones
Princeton
Taigie
Mid West
Toronto
J. J. Carew & Co
Broad St. Coralts
Ask. Batley
Buffalo
McKinley
Peterson
Rochester
Cobalt Lake
Foster
Porea
Perea Vipond
Foley
O' Wi
Preston da
Bert
Moltinger
Generai
van Varie Jung
TPL
Timothy
Maine
Wester
Bermads
Bermuda
Lima Beana
Pankee
Smads Mestiroome
Iain
Stu
Wey
Pere
Orseys
Boston Wool Market
Mille
Cotton Exchange
Port Recelpta
Everiand
Milada
Manchester
New Orleans