Stock market mostly lower with declines 1 to 2 percent
Closing prices of principal active securities show bear pressure. United Railroads of San Francisco 4s, Wabash debenture Bs, Wisconsin Central general 4s and other issues moved. Consolidated Tobacco 4s and United States Steel 5s were also active.
MENTIONED IN THIS ARTICLE
United Rairoads of
San Francisco
Wabash Debenture Bs
Wisconsin Central General
Consolidated Tobacco
United States Steel
Stock Market Ends With Broad Declines And Bearish Outlook
The market closed lower across most active securities amid investor unease after a prior rapid advance. Major losses hit Atchison common and several rail and industrial issues while buying in high‑quality stocks partially cushioned declines. Foreign trade showed May exports lagging imports, grain traffic fell due to floods, and western crop hopes remained cautiously optimistic for a above normal harvest.
MENTIONED IN THIS ARTICLE
Atchison Common
Baltimore and Ohio
Louisville
Nashville
Missouri Pacific
Reading
Southern Pacific
Union Pacific
St. Paul
United States Steel
Corn
American Car and Foundry
Pressed Steel Car
International Paper
International Pump
Europe
Western Railway
Mississippi
Missouri
Wall Street
Chicago
Stock Exchange
Government and Railroad Bond Markets Report
Market steady for government bonds with final quotations listed across multiple issues and maturities. Railroad bonds trade lower with total par value sales of 2,283,600, led by Atchison general 4s and several major lines including Baltimore and Ohio gold 4s and Reading general 4s.
MENTIONED IN THIS ARTICLE
ISIS
Atchison General
Baltimore and Ohio
Chesapeake and Ohio
Chicago, Burlington and Quincy
Chicago, Rock Island and Pacific
Erie
Missouri, Kansas and
Texas
Oregon
Pennsylvania
Reading
Union Pacific
NYO & St L
Nyo&w
Nor & W
Cc & O
C&e
Peo & E
Do Inc
West
Mie
D & Rgc
Kan City
Av & P
S& N
P & At
Met Flevst
Ist Inc
M & St L
Nyc
Money Market and Foreign Exchange Summary
Money on call ranged 2% to 2.42% with last loan at 2% and monthly money quoted at 4% to 4.5% for six months. Foreign exchange closed firm with cables and sight rates for sterling francs and reichsmarks shown. Bank clearings in New York, Boston, Philadelphia, Chicago, Baltimore, and St. Louis reported. Sub-Treasury debtor to the Clearing House at 456,791. Domestic exchanges and international money market rates listed. gold premiums in Madrid Lisbon and Buenos Aires noted. Government receipts and expenditures summarized for the day, month, and year.
MENTIONED IN THIS ARTICLE
Ss Reichsmarks
Paris
Frances
Belgium
Switzerland
Germany
Reichsmarks
Holland
New Orleans
San Francisco
Telegraph
Boston
Charleston
Chicago
Cincinnati
Savannah
St. Louis
Minneapolis
New York
Philadelphia
Baltimore
London
Berlin
Berlin Exchange
Paris Exchange
Madrid
Lisbon
Buenos Ayres
Washington
Sub-Treasury
Clearing House
Wall Street Notes on Foreign Trading and Steel Shares
Foreign houses traded 40000 shares mainly sales as London money eased and Paris weakness echoed. Missouri Pacific floods dented earnings less than daily revenue. copper exports fell. United States Steel seen steady at around 28 a ton with no major rail price cuts anticipated. Sloss Sheffield kept dividends unchanged.
MENTIONED IN THIS ARTICLE
London
Paris Exchange
New York
Amalgamated Copper
Anaconda
American Ice
Atchison
Brooklyn Rapid Transit
Baltimore and Ohio
Colorado
Delaware and Hudson
Erie
Louisville and Nashville
Manhattan
Missouri Pacific
New York Central
Norfolk and Western
Metropolitan Street Railway
People’s Gas
Reading First
Rock Island
St. Paul
Southern Railway
Southern Pacific
Sugar
Tennessee Coal and Iron
Union Pacific
United States Steel
United States Leather
Wabash
Western Union
Canadian Pacific
Pennsylvania
F. W. Savin
Brooklyn
United States
Kansas River
Missouri
Mississippi
Ojl
Atchison, Topeka
Santa Fe
Kansas City
New York Metal Exchange
Sloss-Sheffield
Sloss- Sheffield
Stock Exchange Seat Fetches Seventy Thousand Dollars
A new seat on the stock exchange was sold for $70,000. Earlier reports said three memberships were offered at $70,000 and a standing bid of $57,000 had existed for some time.
MENTIONED IN THIS ARTICLE
Stock Exchange
New York City
Manhattan
Bronx
Columbia
Fourteenth Street
Sor Gansevoort
Hamilton
Mount Mo
Yorkville
Fidelity
Varick
Jefferson
Chee Ron Lee
Washington Heigts
United National
Brooklyn
Broadway
Brooklyn Oe
Eighth Ward
South Mechanics
Nassau National
People's Ward
Es Sprague National
Union
Wallaboo
Rich
A Bank of Staten Island
First National
Ss Fae
Jersey City
Ang
Hudson Co. National
Lowe
Hoboken
Western Union Chief Clowry Rumor Denied by AP
The Associated Press authoritatively denies rumors that President Clowry of Western Union Telegraph Company plans to resign. No foundation exists for the chatter, the AP states.
MENTIONED IN THIS ARTICLE
Associated Press
Clowry
Western Union Telegraph Company
Outside Securities Drift in Dull Trading
Market session shows light offerings with declines across many issues. Northern Securities, American Can, National Railroad of Mexico and International Mercantile Marine weak. Seaboard Air Line down sharply. Havana Tobacco steady. St Louis Transit up on light buying. copper shares weak with minor gains in White Knob. Bonds remain largely unchanged with few trades recorded.
MENTIONED IN THIS ARTICLE
Jopenares
Eea
Adams Express
Amal Copper
Albany & Sus
Am Car & Fd
Ailis Chalmers
Am Agr Chem
Bali & Ohio
Bklyn Rap
Can Pacific
Ches & Ohio
American Coal
Chi Mil & St P
Am Express
Erie
Louis & N
Manhattan
Met Street
Mo K & Tex
Mo_ Pacific
NYC Sentral
London
Ameri
North West
Amer S
Pennsylvania
Reading
Va Ns
Atchison W
Rep Steel
Amer Sugar
Rock Islan Ra
Southern Pa
Am Tel & Cable
Southern Ry
St Paul
Am Tel & Tel
Tenn Coal & I
Amer
Texas Pacific
Amer Woollen
Illinois
Union Pacific
Ae Nfuls & Nash
Ann Arbor
Sos
Atchison
Wabash
Southern Pacific
Coast Line
Balt & Ohio
Ralt & Ohio Ss
Boston
Hes & Ohio BO
Chic Gt West
Norfolk & West 66
OP Co
Butterick Co
Canada South
West
Cental of
Southern
Hic Bur & Q
Best & Belcher
Chic & Northw
St P M & O
Comstock Ar
Elkton
Hale & Nore
Isabella
Chic Union Trans Shame Ae
Justice
Consol Coal
Consol
del & Hudec
del Lack
Deny & Rio Gr
D. Tc
A Des M & Ft
Detroit
Det United
Toy Tak
Evans & T H
Aes
Gen Electric Co
Gt Northern Pf
Hocking Valley
Illinois Central
Iowa Central
Ole Cfs&m
Ane
Keck & Des M
Laclede Gas
Ate
Wwestern
Long Island
Louis & Nash
Man Beac ‘ S
Chaco
Michigan
Minn & St
Mo Kan & Tex
Dons
Apie
Missouri, Pacific
Nash & Chat
Nat Biscuit
Doe
NH &H
Norfolk & West
Roy
Ontario
Pacific Coast
Pacific Mail
Penn
Peoria & East
Pea Gas & Coke
Pere Bavonette
Pullman Pal
Stl
Pal
Rock Island Co
Rome
St Jos & Ga I
St L&s F
St Louis
Sloss-Sh St & Sr
Southern R R. Pat
Tenn Coal & Ir
Brynite
Texas & 2S Pacific
Do Land Trust
Third Ave R_ R
Tol Peo & W
Tol Ry & Light
Twin City
Union Bag
United Fruit Coanal
U S Realty & C
Boylus Shipbuilding Core
Wells Fargo
West Union Tel
Ssrr T
Westingh
Wisconsin
Northern Securities
American Can Preferred
National Railroad of Mexico
International Merccantile Marine
Seaboard Air Line
Havana
St. Louis Transit Common
New Orleans Railway
Greene Consolidated
British Columbia
Montreal
White Knob
Oppenheimer Institute
Pontiac
Lapeer
Northern
William FE. Nichols & Co
Am Bar & Pkg
Inter Mar
Inter Rap Tran
Kitch Mining
Majestic Con Bay State
Bs Borden
M & B Cop Co
Ry Co
Calif Copper Camden Land
Casein Co of A
North Securities
Domin Secur
Lo Roy BP
Seaboard Air L
Seab St & Ir
St Louis Trans
Gold Hill
Union Copper
Greene Con
Guigg Expl Co
United Copper
Also Mentioned on This Page
Nat of
Mexico
Central
National Lead Wits
Bak & Ohio
Nor Amer Co
Peo G & C
Prooklyn RT
Penn RR
Canadian Pac
Hic & Alton
Gt West
F& es oT — \& Rep Steel
Ol & South
Thern
Seeane
Pacan
Consol Gas
Sloss Shef St
Les & Hudson
Texas & Pacific
Evans & TH
Gen Electric
U S
At&sf
Union Pac Ist
AO R& D Gold
Consol Tech
S Steel
MK &T T
Wabash D
Wis
Consolidated Exchange Sales
THE
Money and Exchange
R. L. Day & Co
Nassau St
Albany
Bingham
Cskr
Cal & Hecla
Fitchburg
Nynh &H
Old Colony
Franklin
West End St R
Mass Lee
Sera Osceola
Do F
Tel & T
Parrot
New-Eng
Quincy
Tel & T Co
Tamarack
Wolverine
Wall Street and Exchanges
Tee
Jes
IDE
Sas
Toe
Ste
Oaks
Outside Securities
William E. Nichols & Co
Wall St
Ian Ae
R. R. Ter
M& No
Aolumbia
Jason
Lapeer & XN
M & Ne
Wes Empire Quicksilver
Empire Steel
Empire S. Sumar
Empire S. Sugar
Gorham
Hudson River
Hall Signal
Herring H. M
Herring H. M Co
Inter
Leer
J. B. Stetson
J. B_ Stetson
Jas Teim
Lorillard
Seemann
Lanston
Toy Maine S
Madison Square Garden
M& Nuw
Markeen Copper
Enndes Mergenthaler
National Gramo
S. Tevedore
N. Nms &T
Old Dominion S. S
Pitts
Bess
Manus
A&co Ry
Pratt & Whitney
Procter & Gambie
Awe
Procter & Gamble
Qsmm Securities Co
Simmons Hardware
P&a
Simpson Crawford Co
Singer
M& N TS A
Swift & Co
2D Street
A&o
Weller
Trenton
Potteries
St Trow
Union Switch & Signal
Ss. & Chase
UN. c & Ch
Westinghouse Air Brake
Worthington
William E. Nichols
Amer. Light & Trac
Txskedie Am
Namenacanyan
HS & FF
American Brass
Cass Am. Press Association
Soda Foun
Soda
Ibs
American Thread Co
Scrip & Pe
P ¢ Inc
Ave RR
M &N Wes
M_&N J
Cork