New Boom in Stocks as Illinois Central Soars
A speculative market revival lifts Illinois Central shares on heavy trading volumes. Investors rush to rail sector amid renewed optimism and signs of improving demand.
MENTIONED IN THIS ARTICLE
Illinois Central
Stock Market Boom Lifts Prices Across Leading Shares
A broad buying surge pushed prices higher on major stocks including Illinois Central Wabash Missouri Pacific Union Pacific Southern Pacific Atchison St Paul Reading Pennsylvania and New York Central. Analysts foresee continued gains as western operators and money markets adjust to large July disbursements and a potential bumper corn crop boosts rail traffic and grain bills.
MENTIONED IN THIS ARTICLE
Illinois Central
Wabash Common
Missouri Pacific
Union Pacific
Southern Pacific
Atchison
Ilinois Central
Wall Street
New York
Treasury
Europe
Government and Railroad Bond Market Report
Market firm for government bonds with multiple reg and coupon notes including 4s from 1907 to 1925 and 3s from 1908. U.S. bonds hover around 105 110 percent with varied bids in 1071 to 110 range. Railroad bonds show overall strength with $4,513.50 par value traded led by Atchison general 4s and several major lines. notable activity in Central of Georgia 5s and first incomes, Chicago Burlington and Quincy 4s, Chesapeake and Ohio 4s, Reading general 4s, Southern Pacific 4s, Union Pacific convertible 4s, and Wabash debentures.
MENTIONED IN THIS ARTICLE
U.S
Atchison General
Central of Georgia
Chicago
Burlington and Quincy
Chesapeake and Ohio
Erie
Kings County
Mexican Central
Reading General
Southern Pacific
Third Avenue
Union Pacific
Wabash
Colorado Fuel and Tron
Consolidated Tobacco
Stocks Give Wide Range of Rail and Steel Listings
A broad list shows Southern Pacific Union Pacific and U S Steel among rail and metals stocks. Prices and bids appear with extensive daily quotations for many railroad and industrial companies including American holdings and telegraph enterprises.
Money Market and Exchange Rates Report
Money on call opened at 3 percent with highs at 3 percent and lows near 2.4 percent. Time money quoted 4.445 5 percent for 30 to 60 days and 4.495 for 3 to 6 months. Foreign exchange rates show firm market with cables and bankers’ posted rates. Domestic exchanges and bank clearings for major cities listed with corresponding balances. Silver and gold premiums noted along with government receipts and Treasury activity.
MENTIONED IN THIS ARTICLE
Paris
Rmany Reichsmarke
New-Orleans
San Francisco
Telegraph
Telegraph, 174Yc. Hoston—Se
Charleston
Chicago
Cincinnati
T Ec
St. Louis
Minneapolis
Savannah
New-York
Berlin
Berlin Exchange
London
Paris Exchange
Madrid
Lisbon
Buenos Aires
Rome
Washington
Treasury cash position and reserves report
Total Washington report outlines Treasury condition with reserve funds and divisions of issue and redemption. It lists gold coin and bullion, trust funds and divisions of redemption, gold and silver certificates outstanding, Treasury notes, deposits in national banks, and available cash balance.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Busine
Reserve Fund
Rede Gold
National Banks
United States
Consolidated Exchange listings show mixed steel and transport issues
Consolidated Exchange sales include Amal Copper and Am Car & F MMe Am Ice with various bid and offer indications. Strong notes appear for Chicago Pacific and Missouri Pacific lines with several rail and utility stocks cited among a broad roster of manufacturers and carriers.
Securities Sold at Auction by Adrian H Muller & Son
Securities auctioned yesterday at the New York Real Estate Salesroom included bonds from several banks and railroads. Notable items listed were Metropolitan National Bank, Bank of New York and Nineteenth Ward Bank, with bonds from Cleveland Cincinnati Chicago and St Louis Railway and Missouri Pacific divisions, plus various utility and trust company issues. Total reported receipts were 2 547 91 dollars with 113 to 103 percent figures across holdings.
MENTIONED IN THIS ARTICLE
New-York
Adrian H. Muller & Son
American Yacht Club
Aielpiamra Ac
Ees
Wishares Bank of New-York
S Banking Association
Pacis Inabi
Metropolitan National Bank
Baty Oe
Nineteenth Ward Bank
New York Athletic Club
Tennessee Coal, Tron and Railroad Company
Birmingham and Alabama
Cleveand
Cincinnati
Chicago and St Louis
St. Louis
New York
Ontario and Weway Company
Saeinsee
Mount Morris Bank Ti
Guardian Trust Company
Pas
American Exchange National Bank
Sr Data Sary Sereen
Bowling Green Trust
OM Lafayette Gas Company
Seventh National Bank
Mexican Trust Company
New York and Hoboken Ferry Company
Chicago Railway Terminal Elevator Company
First Mortgage
North American Trust Company
Title Insurance
Francis J Schnugg
American Brewing Company
Eastern Trust Company
Wall Street Notes on Foreign Trading and Dividends
London remains a seller with about ten thousand shares moving through the international list led by Reading and Erie. The National Park Bank declares a 7.4 percent semi annual dividend payable in July while New Haven dividend records cause transfer issues for stockholders. Colorado Fuel and Iron reports delays at Pueblo with blast furnaces soon to boost output. Consolidated Tobacco bonds attract buyers as bargains. Metcalfe elected president of Mexican International Railroad. Hamilton Fish Benjamin joins Joseph Walker & Sons. North American Company re elects Wetmore and three others for three year terms.
MENTIONED IN THIS ARTICLE
London
Reading
Erie
Amalgamated Copper
Anaconda
American Ice
Atchison, Common and Preferred
Brooklyn Rapid Transit
Baltimore and Ohio
Chicago
Colorado and Southern
Delaware and Hudson
Erie Common
Louisville and Nashville
Manhattan
Missouri
Pacific
New York Central
Northwestern
Metropolitan Street Railway
People’s Gas
Reading First
Rock Island
St. Paul
Southern Railway
Southern Pacific
Tennesth and Iron
Union Pacific
United States Steel
United States Leather
Wabash
We Rn Union
Republic Steel
National Park Bank
National Park Tank
New-Haven
New-York
New Haven
Hartford
Stock Exchange
Part
Colorado Fuel and Iron
Colorado Fuel and Iron Company
Pueblo
Consolidated Tobacco
Consolidated Tobacco Company
Consolidated
Linotype-Monotype
Merzenthaler Linotype Company
Lanston Monotype Company
J. Pierpont Morgan
Europe
Mexican International
J. G. Metcalfe
Evansville and
Terre Haute Railroad Company
Denver and
Rio Grande
Mexican International Railroad Company
Hamilton Fish Benjamin
Benjamin
Stuyvesant
Nicholas
Hamilton Fish
Farmers’ Loan and Trust Company
Yale
Garrisons
N. Y
North American
The
North American Company
W. Wetmore
George R. Sheldon
Edmund (. Converse
Charles F. Pfister
Metropolitan Street Railway issues 65 million mortgage bonds
Kuhn Loeb Coe announce receipt of subscriptions on June 25 at 97 percent for 11 million dollars of the Metropolitan Street Railway Company 4 per cent refunding mortgage bonds. The issue, part of a 65 million dollar authorized bond program, covers all lines and leases, including railroads, equipment, real estate, and 14 000 Broadway and Seventh Avenue Railroad Company shares.
MENTIONED IN THIS ARTICLE
Broadway and
Seventh Avenue Railroad Company
Forty-second Street
Interurban Street Railway company bond issue details
The company offers 3 000 shares of Central Park North and East River stock and 9 900 shares of Thirty-fourth Street and Crosstown stock with a $52 000 000 capital. Regular 7 percent dividends have been paid since 1899 and are guaranteed by Interurban Street Railway. Gross earnings have risen steadily over four years. Subscriptions close at 3 p.m. on opening day and bond payments are due July 8 for delivery.
MENTIONED IN THIS ARTICLE
Grand Street Ferry Railroad Company
Central Park, North and East River Railroad Company
Thirty-fourth Street and Crosstown Railway Company
Interurban Street Railway Company
Wabash Railroad Expands amid Record Earnings and Holdings Plan
The Wabash plans extensive feeders into coal and iron regions after securing tidewater access. It reports sixty months of rising gross and net earnings, investing heavily in improvements. President Ramsey says Pittsburg extension work proceeds and links to the Atlantic seaboard are advancing. He anticipates no clash with the Pennsylvania Railroad over the Pittsburg extension, while speculation grows that Wabash securities may join a large Gould-held holding company.
MENTIONED IN THIS ARTICLE
Wabash
Middle West
Tidewater
Coal and Iron and Steel
Ramsey
Pittsburg
Wheeling and
Lake Erie
Atlantic Seaboard
Pennsylvania Railroad
Gould
Market Roundup in Side Securities Strong Elsewhere
Transactions declined in side securities though prices held firm. Northern Securities rose actively to 106 on about 8 000 shares. Union Copper traded around 4 000 shares. United States Steels climbed about 4 1 2 to 4 3 4. San Francisco bonds sold at 1. American Can preferred rose. Standard Oil advanced 10. National Salt weakened. American Consolidated Pine Fibre fell about 15.
MENTIONED IN THIS ARTICLE
Northern Securities
Union
United States Steels
San Francisco
Greene Consolidated
Montreal
Boston
British Columbia
American Can
Hall Signal
Reval
Standard Oil
United Copper
National
American Consolidated Pine
Nichols & Co
William E
Walist
Eck Am Tobacco
Lowe
Hirde & Loe
Ike Orth Securities
Otis Elev
Horden
Camden Land
My Pac I
Heer Min Co
San Fran
Domin Secur
Afr
St Louis
St Ot
Netty
United
Do Certis
Gold Hill
S Steel
Gugg
Havana
Val de Tin
Tony Nat Boof
Miscellaneous Gas Companies Listing Fragment
Furnished by William E. Nichols and Co. Neib Wares section notes various gas firms with no bids or asks. Mentions Stan Gas 1920 and mutual concerns like Equit 110 and Brooklyn Union in a miscellaneous listing of gas companies.
MENTIONED IN THIS ARTICLE
New-York
William E. Nichols & Co
Wall-sty
Stan Gas
Mutual CC
N Am Co
Brooklyn Union
Neib
Also Mentioned on This Page
T. Amal Copper
Minn & St L
Lecom
Central l
Ants Norf & West
Penn
Ohio
Doe
Krookirsn
Ches & Ohio
Boa
RIA
Chic & Alton
Gt North
Sgts Electric
Iowa Central
Kan City
Louis & Nash
Ale
Wé& LE
Missouri Pac Tar Yy
Ralwis Central
ATES
South Pac
American Securities Abroad
Enone
MN 2
Canadien Pacific
Ae Union Pacific
Ly U.S. Steel
Adams Expre
Albany & Sus
Amar & ‘Opper
Amer Agr Chem
Ameri Do
Amer
Amer Twine
Ralt & Obto
Bklyn Rap Tr
Bklyn UN Gi
Brunswick Do
Bur C R & Nor
Butterick Co
Canada South
Chicago & Alton
East
Gt West
Ee Chind & Louis
Mi & St Pr
Chic & Northw
Chic RI & Pac
Onnet
Ee Clev
Pitts
Cel Fuel & Iron
Del
Ison del Lach & W
Deny & Rio Gr
Deny & Southw
M & Ft D
Detroit
United RR Imamond
Er ' Evans & T H
Chemica de
Genectric Corthern
Geo Fulier Co
Hocking Valle Do
Hiinois Central
Town Central Do
Kana & Mich
Mexican Central Michigan
Minn
Ch & St L
Haig
Burr Ro
Nynhe H
Rfolk & West
Norther
Ontario
Pacific Coast
Pacific Mail
Lyke
Pullman
Quicksilver Sx
St Jos
St Louis Southw
Southern Pacific Southern R R
Rope & T Tenn Coal & Ir
Texas & Pacific
Do Land Trust
Third Ave RR
Tol
Peo & West Tol
L & West
Ask
Ian
Tel & Cable
Amer Tob
Amer Woollen
Ann Arbor
Mer
Kan City & So
Keok & Des M.ao
Hingston & Pem Kaitk Lee
Lacled
Union Bag & P Union Pacific
U S
US Steel
Kcfs &M Pi
Mo Kan & Te
Rens & Sara
Rutland
Westingh E& M
Adams
S&s F Adj
Togo
Col
Banco & A
Wes Nary
Sone Tex & P
Third Axe
City
Tee
Union Pac
Kors & M
Eon Kings
West Shore
West Union
Wis Central
Eae
Alamo
Mollie Gibson
Tim Ophir
Portland
Quicksil
Money and Exchange
Sie
Federal Treasury
Ing
Amal Copper
Car & F
Top & S F
Balt & Ohio
Brooklyn
Totty
Chic & Alton Do
Mi & St P
Fuel & I Col Southern
Ill Central
Central Mo
Ran & T
Mo Pacific
Nat
Mexico
Nat Lead
NY Central
North West
Pennsylvania
Rep Steel
Southern Ry
Tenn C & I
Texas Pacific
Wall Street and Exchanges
M. SS. R. Bond
Yeal
I Giel Astm Aim Coors
Ste Sling Neg Inc
Inc
Pesracean
Gaasmanny
Outside Securities
A. National Enamel & S
Mane
Sm N. Y
N. J. Tel National Gramo
North Platte
Old Dominion
Otas Pitts. Bess
L. E
A&o
Pratt & Whitney
Procter & Gamble
Tran
el Rapid Tran
the Securities Co
Simmons Hardware
He Simpson-Crawford Co
Inger Mfg. Co
Stan. Mill. Co
Stan Mill Co
Erling Copper
Swift & Co
Weller & Trenton Potteries
Trenton Potteries
Tnion
Union Typewriter
S.&ch
V & Ch
Tob
Ass'n
Westinghouse Air Brake
Worthington
Ashet
Aioe
Srrcol
M&s
Ja&y
Seiemce
Bianne Atlantic Ave
A&É& Atl
Bklyn B & W FE
Bklyn Re
Bklyn C & Newtn
Coney Island & B
Coney Sland & B Ctf
Calvary Cem & G
Lorimer
Grand St & N
Fe& A
Jamaica & Bk
W & PF
Eng Sea Beach
Hoboken
Wesese
Ny&er Ferry Co
NY & H
J_&D
NY & N
Amer Light & Trac
Bing Gas
Bing Gen
Butte E & P Co
Colum Gas Co
Ssaea
Ee Few Gas Co
M &N
Indianap Gas
M& M
Ee Deee
Syracuse
St Joseph
J &J
St Paul Gas
Clinton Gilbert
Wali St
M. &Na
Astor National
Butcher & Drew
Chase
Os Chatham
Wall St
Chemical
Izens
SJ & F
A&a
Rm Exchange
SJ & R
East River
Amer Vanley
Ml& Ss
Empire State Ten
Fidelity
J. Amer
Fifth Avenue
Amerta Tank
Americ Pr
Fourteenth Street
Qr Gansevoort
M. Ane Am
Press Associa
Garfield Ae
America
Germania Ze
Kteenwich
Hamilton
Hamilton 00,000 Ws & J
Hanover
Shay Amer
American Thread Co
Oon A & Tr
Irving
Tay Owsu &T
Jefferson
Glass Ee
Leather
Owe Ws &Ajms
Liberty Too
Lincoln Co
St & T
Metropolis
At & J
Biss FE
Hsig Mechanics
Bliss
Mercantile Tee
QUE
J Cellule Company
Za & J Tsa
Ewerks
Anes
Chesebrough Mfg
Mo Ae Mount Morris
Chic
Rk. R. Ter. Ele Co. Ss
Mutual
OOD SM &N
UN, Water Co
NBA
Empire Quicksilver
County
Empire Steel Lai
Empire Steel Pref
Jad
Nineteenth Ward
Empire Sugar
Ances S
North America
Empire S. Sugar
Hudson River
M. Qu Phenix
Ferring H Co
Herring H. M
Plaza
H. M. Co
St Riverside
Or& F Aw
Or& F Aw Inter. Power Pref
Hecece
Seaboard
Rsa&t
Sable I
Salt
J. Iron Steamboat Oor
A. J BR. Stetson
D. Lorillard
Union Lanston
Wee
United National
Maine S. S
Maine
Madton Square Garden
M&m
I Western
Mergenthaler
West
Yorkville
Ses