Markets show first phase of bull movement ends
Investors note closing prices on Monday June 2 mark the end of the first bullish phase. Industrial stocks up 108.60, railraods 78, with gains amid high call money rates and Fed warnings. Bond market sees Swedish 23.9 million issue as a sign of future foreign loans. Money market tightens as Treasury certificates and taxes draw funds, with much borrowing anticipated to fund government disbursements and new foreign loans.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Belgium
France
Italy
England
Fket
Great Britain
Market Opinion Reassurance and Bullish Revival Hints
Market commentary from W. Wagner & Co. notes reassurance will drive stock purchases as demand returns after heavy semi annual settlements and readjustments. It forecasts a possible revival of bullish activity in the market following current financing actions and speculative conditions.
Mexican oil group strikes 40000 barrel well at Isleta
Tampico report says the Mexican Refining and Producing Company funded largely by Norwegian capital discovered a 40,000 barrel daily well at its Isleta lease. Capplen, Norwegian consul, helped spark the venture by rallying bankers. The company, formed with 15 million dollars capital, plans tanks, pipelines and terminals to speed transport as Wall Street flotations keep markets active.
MENTIONED IN THIS ARTICLE
Inancial Bureau Special
Tampico
Mexico
Mexican Refining and Producing Company
Isleta
Tho. Cappelen
Cappelen
Wall Street
Lamborn & Co
Ics
Sulphur Company Buys Pan-American Oil Holdings
Freeport Sulphur Company purchases Pan-American Oil Company assets including producing wells in the Panuco field a lease in Isleta and a terminal site on the Panuco River north of Panuco The move aims to secure fuel for its Freeport mining plant and to concentrate operations amid market and international conditions.
MENTIONED IN THIS ARTICLE
Josaphthal & Co
Inbor Freeport Sulphur Company
Pan-American Oil Company
Pamuco
Isleta
Panuco
Freeport
Texas
American O Il Company
Magnolia Drives 8000 Barrel Well in Desdemona Field
Fort Worth June 15 Magnolia Petroleum Company reports an 8000 barrel well at Desdemona, the district’s largest producer. The well sits a half mile west of Magnolia’s Jerrell No 1, next to the field’s leading producer. Texas Penn Oil Co taps 1200 barrel well offset Knowles in Duke pool Eastland County.
MENTIONED IN THIS ARTICLE
Fort Worth
Tex
Magnolia Petroleum Company
Magnolia Company
Desdemona
Texas Penna Oil Company
Duke Pool
Eastland County
Financial outlook and European influence on markets
Declining prices prompt caution as traders foresee rest periods amid unsettled labor, rail privatization questions, and European credit arrangements. Analysts note a quieter trading phase possible with irregular price moves while financial leaders worry over Europe’s political and economic influence on U.S. markets.
MENTIONED IN THIS ARTICLE
Uraders
Europe
F. Mutton & Co
Monthly economic indicators and commodity prices report
A miscellaneous 1919 style economic roundup lists money supply and bank reserves, inflation indices, production metrics for steel and crops, railroad earnings, bank clearings, and commodity prices. It contrasts year ago figures with current data across stocks, bonds, wheat oats corn cotton, and building permits in April.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
Federal Reserve Notes
U. S
Another Mexican Well Invaded by Salt Water
Tepetate field suffers another blow as Mexican Gulf Oil Company No 2 declines after salt water intrusion. The well, brought in February 1918 with 66 000 barrel initial flow, followed a similar fate at Gortez Oil. No 2 was reopened for May testing, showed 16 percent salt water, and was shut in. Company now produces from No 3, capacity 60 000 barrels per day.
MENTIONED IN THIS ARTICLE
Financial Bureau
Tampico
Mexico
Tepetate
Mexican Gulf Oil Company
Gortez Oil Corporation
Mexican Gulf C Company
Mexcan Gulf Oil Company
Cities Service Company Plans Texas-Mexico Border Lands
The Cities Service Company led by president Henry J. Doherty is preparing to develop 355,000 acres along the Texas-Mexico border. The firm holds over 2,000,000 acres in Texas with several small wells on the land and produce about 100 barrels in Texas.
MENTIONED IN THIS ARTICLE
Ronguesat Sure Special
Fort Worth
Tex
Cities Service Company
Henry J. Doherty
Texas-Mexico
Texas
Texas Oil Production Surges Across North Central Fields
Fort Worth June 15 Production in the north Central Texas oil fields including Ranger and Wichita Falls districts rose to a new weekly high with a daily average of 190000 barrels, about 12000 more than the prior week. Wichita Falls district posted the largest gain, up 7500 barrels.
MENTIONED IN THIS ARTICLE
Stsenei
Cirrespondence Fort Worth
Tex
Texas
Ranger
Wichita Falls
Curb Market Note Summary of Week’s Quotations
The Tribune disclaims responsibility for curb market quotations. Transactions and prices for the week ended June 14 are listed, reflecting week’s market activity and values.
MENTIONED IN THIS ARTICLE
the Tribune
Weekly Stock Exchange Transactions and 1918 1919 Ranges
Last week on the New York Stock Exchange, a table shows essential stock data with price ranges for 1918 and 1919. High and low prices derive from 100-share lots. quotations are in dollars per share. the annual dividend per share is based on the last regular declaration. The table lists numerous oil, mining, and industrial stocks with sales, open, high, low, close, and change figures, including Royalty, Alaska Gold Mines, Allis Chalmers, American Can, American Express, and many others, reflecting broad sector activity and shifts in value.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Albania
Mann
Boone
Hertel
Inn
Smerntha’ Oil
Glenmark
Gum Cove
Gulfot O & R
Hercules
Hadeon
Benueag
sOhio Rangers
Fang Jumbo Ren Sack
Pennock
Pitts Texas
Queen OF
Ranger Oil
Ranger I
Richard ‘Pesas
Ievan OH
Suiller O & G
Salt Creek Pi
So Oi & Ts
Alo eSouth
PGW MacNam Cr
Nevada
Tex O&k. tStewnst
Sutherland
Alaska Gold Mines
Alaska
Juneau
Allis Chalmers
ToneVictoria Oirn
Amer. Agril
Virky
WSEO
TN Bo
Pwak
West End
Bosch
West Tree
Brake Sh
Fdy
Chan Tice Sane
Wilson Sil i
Ane Mine UK
Car & Fdy. Co
Als Zinc
Amer
American Express
Hide & Leather
American Int. Corp
Also Mentioned on This Page
Morris & Co
Trinity Bigs.Corp
Province of Ontario
Coa. S
Cuba
Ohio
National City Company
National City Bank Buildieg
Ith Ave
Aled Steidirt
Salt Lake City
Utah
Redmond A
Pine St
New York
Union Arcade Bldg
Pittsburg
Westinghouse Air Brake
Womipunty Ag
Westinghouse Ale
Pitsburgh
A. Housman & Co
Sen
York
Pte & Sugar
New York Produce Son
Chicago Board On Teada
Auoclite
Eiverpool Cotton Ass
Broad Street
Franch Omce
West
J.k.rice
Neo Cher P&p
Aimericant Cigar
American Americas Piano
Bankers Trust Co
W. Bliss Cor Horden's
Loan & Trust
Int
Great Northern Corp
Int'l Motor ‘Bruck
Kirby Lumber
Knox, Matlat & 2Nd
Loew's Theat
Mohawk Valley
Sutional Ice & Cos
Nuitrut
New York State
Rys
Thomtaton SS
Penneyivantn
Con & Coke
Ius Euet
Rogers Pra
Kesal Baking Powder
Nica Singer Manufacturing
Feu
Thompson Starrett
Talking Machine
Wright-Martin Pru
D.k.rice,jr.&co
Shaffer Oil & Refining Co
Byllesby
Federal Reserve
Treasury
Stock Exchange
Lonton
W. Wagner & Co
Industr'ls
Islem
Sulphur Company
Pan-American Holdings
Freeport Sulphur
U.S
U.S. Gov
Magnolia
S. B. Chapin & Co
J. S. Bache & Co
Lastyerk
Man
Anne Week Hermes
Waar
Dun's
Mexico Gulf Oil Company
Cities Rvice Company
Risowrni i
Industrials
Standard Oil
Etna
Packers Inc
Earl
Ami
Anglo-Am
Annapolis
sChalmers
Gandy
Ion Cigar
Dupont Ch Pf
Emerson Phon
Va Ae Ie
Endi Johnson
Excello T & RB Ee
Pairbanks Co
Parrell
Fisk RT Wi
Aslat
Hania Ab
Hayden Hem
Gb&l
Jones Bros
Libby
Marconi of
Ligon Martin
Nat A & Ch
Nat Coal
E Fa
M & AT
HON Shiphidg
Ohio Savold
Issomn AP & P
Parson Coal
Peer T&m
Ap & R
Philip Merwi
Tens New
Saveld NY
Saveld Ohio
Swold Tire
G & EI
Fsteel Alloys Cnly
Lison
Switt Tn Wi
Union Carbide
United Motors Bale Bo
S Steamship
Waltham
Warren Bros
Wayne
Waldim Et
WieMar - Sig
Weir Hall
Ind
Cresson
Braden
Frederick Schwed
Exchange Place
Producers & Refiners
Carl H. Pforzheimer & CO
DOL Securities
Broad
Charles C. Hood
Frederick D. Bolles
Ferdinand F. Jelke
Hood & Bolles
Jelke, Hood & Bolles Bonds
THE
Admiral Beatty
Skagerrak
JR. Bridgeford 6 Co
Broadway
Liberty Bonds
Victory Loan
Purdy & CO
Tel
Standard Weekly
Wtlr
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