Irregular Stock Market Day With Mixed Gains
Stocks moved irregularly amid moderate volume with early declines turning into a late rally before last hour selling. Strong bear and bull interests kept sentiment mixed as unions and major issues moved, with Union Pacific up and Pennsylvania and New York Central among leaders. The piece argues long term investment remains sound, with industrial stocks showing value despite a few weak companies.
MENTIONED IN THIS ARTICLE
Commission House
Atchison
Canadian Pacific
St. Paul
Colorado Fuel
Erie
Louisville
Pennsylvania
New-York Central
Stor Ung Exchange
United States Shipbuilding Company
American Securities Abroad Opens Weak Then Rebounds
London June 17 market for American securities weakened at the open before rallying to close higher. Final prices show a notable reversal, signaling improved demand as traders absorbed overseas conditions and adjusted expectations for U S issues.
MENTIONED IN THIS ARTICLE
London
Government bonds market steady with varied final quotations
Final quotations show Rid 10612 and 112 for TS issues from 25 1930 reg to 4s 1907 and 1904 cou. notes. Railroad bonds market broad with par value sales $2,082,000, heavy activity in Atchison general 4s and other major lines, plus United States Steel Ss and Consolidated Tobacco 4s among active issues.
MENTIONED IN THIS ARTICLE
Zum US
LL & N
Adams
Manhattan
St Ry
At&sf
Cent Ist Inc
Sesso
Nc & St
C&hr
Nyc
Bny&e
Penn Court
Peo & FE
Col & So
R & T Inc
Tex & P
Tinton Pac
Ann
Corey
Tae Kan City
Sizit S. Fis
T.S. Sa
Atchison General
Baltimore and Ohio
Chesapeake and Ohio
Chicago
Burlington and Quincy
C . Rock Island and Pacific
Erie General
Ours
Kansas
Texas
Northern Pacific
Oregon Short Line
Pennsylvania
Seaboard Air Line
Union Pacific
Wabash
Colorado Fuel and Tron
Consolidated Tobacco
United States Steel Ss
Money Market and Foreign Exchange Report Highlights Rates
Money on call opened at 2 percent with a last loan and close at 2 percent. Time money quoted 4 percent for sixty to ninety days, 4.12 percent for four months, and 4.46 percent for five to six months. Commercial paper shown at 5 percent for short bills, 5.5 percent for four to six months, and 6 percent for others. Foreign exchange market closed firm with various sight and sixty-day rates for sterling, francs, reichsmarks, guilders, and minor currencies. Bank clearings across New York, Philadelphia, Chicago, and other cities totaled millions with varying balances. Domestic exchange notes varied by city. London call money and discount rates cited. Foreign securities quotes listed for British consols and French rentes. Silver and gold prices noted, along with Madrid, Lisbon, and Buenos Aires premium rates. Government receipts and Sub-Treasury activity summarized with daily, monthly, and year-to-date figures.
MENTIONED IN THIS ARTICLE
Paris
France
Svscne
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
Bond Sale Notice From Financial Ledger
The document lists securities including 38 shares Equitable Trust Company and a 2 percent Booklovers Library net share. It notes bonds from Durland Company due May 1925 and November, with small cash values and a $710,000 Oneonta line, plus a first mortgage 5 percent forty-year gold bond from the Oneonta Cooperstown and Richfield Springs Railway Company to be sold as a single lot with a 25 percent deposit, no other bids.
MENTIONED IN THIS ARTICLE
Equitable Trust Company
Booklovers Library
Durland Company
Coupensay
Oneonta
Cooperstown and
Richfield Springs
Wall Street and Exchanges Review of Market, Loans and Dividends
Foreign houses traded 25,000 shares as London markets stayed heavy on the political outlook. Rio Tinto fell, and European centers saw steadier exchange rates. Dividend rumors at Baltimore and Ohio unsettled. Missouri Pacific reports April gains of 613,992 in gross earnings and 254,436 in net. New Bank of Commerce director named. Metropolitan Savings Bank declares 19th consecutive dividend. Bowling Green Trust and Trust Company of America announce July payments. Chicago traction extended deposit period amid franchise debates.
MENTIONED IN THIS ARTICLE
Clinton Gilbert
Ance
Jt & SF
America
jAdams Express
Albany
Astor National Barrage
Amar Cohem
Butchers & Crew
Amer
IDF
American Coal
Amer Cotton
Saray Pee
Hig
Law
Laat Colonial
Sane Sr & J
jAmer Express
Columbia
Amer Twine
Te Corn Exchange
Hide & L
Top & SF
Eklyn Rap TV
Jansevoort
Thes
Tychio
Garfield
Uwine
Chiet West
Chi Mit
Col
Fuel & I
Germania - Daroo M. & N
Amer Suear Aia
Southern
Greenwich
Fae
Harti Tom Thes
Ier
Am Tel & Cable
Tie Central
Manhattan
Irving
Met Central
Jefferson
J. Ion
Tex
J. Ann Arber
Liberty
DRS
Metropoli
Coast Line
Flip
Bali & Ohio
Shih
Norf & West VT
Norf & West VT Og 12 25% Mechanics & Tr
Brunswick
Rock Isla
Mount Morris
Buff R & Pitts
Southern Ry
Nassau Se
Butterick
Tenn Coal
New Amster ‘Nateh
Canad
South
Texas Pacific
NYVYN
Canadian Pacific
Tinton Pacific
Tte
Bias
Central of NJ
Ches & Ohio
Hao
Nineteenth Ward
Chicago
Alton
St. At
North America
Silysh Rive
William BE. Nichols & Co
Wall-st Y Oriental
West Bar & Qy
Weert Tinto
Pacific
Am Bar & Pre
Inter Rap Tran
Dee Park & J
RAM Bo
Kiteh Mining
People's - Oh
Oews & F
Ate
Phenix
Majestic Can
Manhate Transit
Bay State Gas
Ois
Riverside
Chic & Northw
Borden
Seaboard
Camden Land
Casein Co
United Nathotel
Fen
Carter
North Securities
Varick
Cley Ty & Wheel
Clev & Pitts
Pac Im
Ferot Col Fuel & Ae
Ingi Est
Col & Southern
Domin Secur
Yorkville
Belcher Aaseevoel
Aew
Chollar Ee
Cal & H C & Ir
Cal & Venu
Tee i. R
Seaboard Air L
Seab St & Ir
Standard Oil
Occidental
Ophir
St Louis
Union
del & Hudson
Hacken Meadoe
O'S
Deny & Southw
Wash Tr Co
Augusta & Sav
AG & Mt M ‘Erie Rep
Des M & Ft D
Trans
Berkshire
Nynh & N
Detroit Gas
Mer Marine
Bleecker St
Detroit Southern
Boston & Albany
J & Bs
Best & Lowell
B & Mr
United
Old Colony
Broadway & S Av
Brooklyn City
Catawissa
PSR
M&n
Erie
P&ry
Cayuga & Sus
L& W
Byars
Light & Trac Sasecee
Valley Co
Mé&s
Schoo
Furniture Comb
Stee, Chem Co
Joe Chestnut Hill
Christ
10Th St
American Bank Note Brass
Cleve & Pitts
Gen Electric Co
Col & Xenia
Concord & Mont
Hocking Valle
Fragtan
Press Association
Concord & Port Conn
Minois Central
Conn
Soda Foun
Khé D
lIn
del & Bound Bk
P & RK
HSS Am
Soda
H& SW
Ls& MS
American Thread Co
Je&s
East Mahanoy
East Penn
Iowa Central
Maine
Elmira & W Com
M&n Im
Kana & Mich
Elmira & W
Erie & Kal
LS & M3
Kan City
Erie & Pitts
Penn
Fitehberg
Bliss E Ww Co
Keck & de
Bliss E. Ww
O. B
M&s
Celluloid Company
Garr& Efm Acl& Laciede
Jas Ten
Fireworks
Sowers
Goshen & Decker
Chesebrough
Grand River
Mid Cent
Greene
RE Aid L & W
Louis & Nash
Columbia Elec. & Mfg Co
Hpmdl& Lip RR
Taseard
UN Water Co
Hirt & Conn W
CNER
Fea
Bt Ae
Ita
Hiveford
Maine Central
Detroit
Lapeer & M&s
Illnois Cen LL
Quicksilver
Jack L
Midh Central
Bi Met Street
Empire
Jol & Chic
Met W S of Ch
Empire Steel Ztaats Ka&gr
LS & MS
A&oo
Empire Steel Pre Eocwes
Mexican Central
Michigan Cent
Empire S
Lake Shore
Gorham
Miami
Pee & L
P & Sm
Hudson River
Ieee
Hall Signal
Io & Mo
Herring H. M. Co
Lykens Valley
Nor Cent imMan
Kan & Tex
Mine Hill &S H
Sony
Biscuit
Tie Mob
Ohio
Inter
A&o Mor
C & B Co
Mor
Iron Steamboat
Morris & Essex
DL & W
Nat R
J.B Stetson
Nashua & Lowell
J. B. Stetson
Ise Nash & Decatur
Lorillard
Lanston
J Trans Co
Maine S
Ny&h
NYC & H&b
Maine S. S
Madison Square Garden
Ninth Avenue
Met St Ry
F&a
Markeen
Mergenthaler
Phil & R Ry
Aa&o
Boyt
Nor & W of
Nh& HH
Old Dominion
JES
Syracuse
Norfolk & West
Tie de Refan Ettee — Ay
Oppenheimer Institute
Pitts
Bess. & E
Pat & Ramapo
A&o
Pen & E Val
CRIG
Ontario
Phil Ger
Nor
Planters
Phila & Trenton
Pacific Coast
Pitts Bess & L Erie
Pratt & Whitney
LE & Carnegie Co
Procter & Gamble
Pacific Mall
McK&y
P&le&j. MS
Penn R R
RSL
SO Securities Co
Quincy Bridge
CB & Q
Pere Ne
Simmons Hardware
Rens & Sara
D & H Co
Whitehall
Mill
Pullmann P
Mill Co
Me&n Southw
J&j
Swift & Co
D & Mt M
10Th & 23d Street Ferry
A&o Ed Stock & P
Nynh& WH
R Securities
Bat Tubular Dts
Second Avenue
Weller Co
Sixth Avenue
Weller
Trenton Potteries
Troy & Green
Trenton Pot
T&s
Rens
Sara
New
Sotahee
Maine Cent
Ma&Nn
Rep
Iron
Tae
Utica & BR
RW & O
Tms
Rts
Union Switch & Signal
W M&n
Tee&Rip
Raat Us
Rock Island Co
Vermont & Mass
Fitch
Abbot
Rome
Warren
Wilton
Worcester
Nash
Tob
Co. Wi
Tob, Co
Franklin Telegraph Man
St Louis Southw
BRM Esq
Northwestern
Southern Pacific
Westinghouse Air Brake
Forthington
Tenn Coal & Ir
Texas & Pacific
St L & W
Twin City Rtr
Union Bag & P
Union Pacific
Teather
Thors
Wells Fargo
West Union Tel
Westinghafe
Silver Bus Certs
Wall Street
London
Rio Tinto
Paris
Berlin
Amalgamated Copper
Anaconda
American Tee
Atchison
Brooklyn Rapid Transit
Baltimore and Ohio
Colorado
Delaware and Hudson
Louisville and Nashville
Missouri Pacific
New York Central
Norfolk and Western
Metropolitan Street Railway
People's Gas
Reading First
Rock Island
St. Paul
Southern Railway
Sugar
Tennessee Coal and Tron
Texas and Pacific
Truisville
Nashville
Louisville
Baltimore
Bank OF Commerce
Charles A. Peabody
National Bank of Commerce
New York
S. D. Babcock
San Francisco
United States
Roberts
Chicago Traction
Chicago Union Traction Company
North Chicago Street Railroad Company
West Chicago Street Railroad Company
Circuit Court of the United States
Metropolitan Savings Bank
Third Ave
Bowling Green Trust Company
Trust Company OF America
Outside securities show mixed moves with Northern Securities strong
Trading was thin outside securities with small fractional changes. Northern Securities led by opening gains and closed higher. American Can stable, New Orleans Railway steady with slight rises. Greene Consolidated rose early but finished near the open. United States Shipbuilding improved, and New Orleans Railway 4% gained on light volume.
MENTIONED IN THIS ARTICLE
Northern
New Orleans
Ropper
Fem
Greene Consolidated
United States Shipbuilding of
Securities Auction Report From New York Real Estate Salesroom
Securities sold at auction by Adrian H. Muller & Son include Westinghouse Electric and Manufacturing Company preferred and common shares, Galveston Coffee and Spice, Germania Fire Insurance, and Hildreth Varnish Company stock. Details list multiple lots and share quantities amid a jumble of figures and misread text.
MENTIONED IN THIS ARTICLE
New-York
Adrian H. Muller & Son
Westinghouse Electric and Manufacturing Company
Westinghouse Electric
Germania Fire Insurance Company
Hildreth Varniah Company
Also Mentioned on This Page
Sterling Exchange
THE
Stock Exchange
Norf & West
Nor Amer .O
Brockisn
Canadian Pac
Itshes & Ohio
Bic & Alton
Rep Steel
M & St Pfint &S
Coral
Southern Pac Ae Consol
Tel & Hutson
Erie Ee
Texas & Pacific Ahs
Evans & T H
Union Panite
Central
Realisee Lavis & Nash
Lovel Wile
Tale
Paccono
US Steel
Wty
TOS Wrn
Consolidated Exchange Sales
American Securities Abroad
Federal Treasury
Treasury
Be- London
Atchison RR
St Paul
Louisville & Nashville
Ion Pacific
Mh Treasur
Beltimore & Ohio
Chesapeake & Ohio
General Fund
West
Denver & Rio
Kansas & Texas
N & Western
Western
Money and Exchange
North American Company
Purof
Outside Securities
William E. Nichols & Co
Wall St
Ethies
Brooklyn
MFP
Toeies
Cele Sceeviece J. & Doe
Socke
Asus
Josent Walker & Sons
William FE
Brooklin Union
Wilt E Nichhols & Co
Asice
Amer Light & Trac
A & Co
Bing LM & F
Olum Gas Co
Ft W Gas Co
M &N
New Haven Glas Co
L& P Co
Js& D
Wall-stee
St Joseph Gas Ter
F&f Ns
Fr Pav
Pertof. Eee
Az Bid
Lanka Westeh
Ian
Atlantic
Bklyn Heights
Bklyn
Calvary Cem
Hoboken
Grand St & N
Lorimer
Wes Itis
Jamaica
Beach
Beers de Ad
Yonkers St Ry