Return of Gold and Crop Bets Roil Wall Street
Wall Street prizes crops over rail rate bets as a 6 percent railroad rise seems unlikely. Gold imports, exchange rates, and abundant wheat and cotton prospects shape the market while rail carriers face a tougher path. Wells Fargo dividend hints fuel speculation on future yields.
MENTIONED IN THIS ARTICLE
Europe
Rock Island mediation and Niagara Falls contrasts noted
A survey notes limited mediation activity at Rock Island and Niagara Falls. An annual stock market review from Chicago highlights Rock Island and Pacific Railway securities, with references to Carramas Villas Huertas and speculative interest. The piece suggests public understanding of an international agreement depends on broader investor interest.
MENTIONED IN THIS ARTICLE
Rock Island Mediation Conference
Niagara Falla
Stock Exchange
Chicago
Rock Island
Huertise
Wall Street Briefs and Market Activity Summary
Purchases totaling about £00 saree for foreign accounts were reported yesterday. Shelby Iron Directors elect Morrin Bush as president, replacing Ward W. Jacobs who was reelected. United Gas and Improvement Company notes a special stockholders meeting due to passings. Thomas J. Dolan and others are named as directors. Cumbria Iron Company stockholders elect W. H. Donner and Vs Maney to replace the resigning Ed Tam, while Me late George Fuller steps in. Wheeling and Lake Worth Carving activities for May listed.
MENTIONED IN THIS ARTICLE
Cumbria Iron Come
W. H. Donner
Vs Maney
Ed Tam
Etotestury
George F.uller
Moli and Company Earnings Report and Stock Exchange Filing
A press summary notes a $76.8 decrease and net earnings of $124,141 with a $52,064 loss. Hertrand Te Taylor elected to New York State trade body. The New York Connecting Railroad seeks NYSE listing for 16.0 percent flat mortgage bonds. The Standard Steel Car Company supplied two mail, baggage, and express cars, plus multiple passenger cars from Harney & Smith Car Company.
MENTIONED IN THIS ARTICLE
Hertrand Te Taylor Line
New York Stock
1Xshane
New York Connecting Railroad Company
New York Stock Exchange
Standard Steel Car Company
Harney & Smith Car Company
Public Utility Notes on May Earnings by Several Corporations
Public utility notes summarize May earnings for Virginia Railway and Power Company, Cities Service Company, and Associated Gas and Electric Company. Reported gross revenues, net revenues, and surpluses show gains over prior years, with details on basis changes, stock dividends, and new debt issues amid corporate consolidations.
MENTIONED IN THIS ARTICLE
Virginia Railway and Power Company
Cities Service Company
Utilities Improvement Company
Consolidated Cites Tdght
Fewer and Traction Company
As Ports Gas Andlectric Company
Rubsiitory Companies
Associated Gas and Electric Company
Bethlehem Consolidated Gas Company
Allentown
Treasury
Gold Shipments Continue As Exports Rebound To Europe
Following a surge of American gold to Europe exports resumed with 2,460,000 engaged at the Sub-Treasury. Lazard Mielres to Paris 2,000,000 and Zimmermann & Forshay 350,000 to London. Total engaged on current movement reaches 5,500,000 including a tentative 400,000 to be shipped tomorrow. Bank of France reports franc holdings up 1,800,000, signaling receipt of New York gold.
MENTIONED IN THIS ARTICLE
Europe
Lazard Miéres
Paris
Zimmermann & Forshay
London
Goldman, Sachs & Co
Tordey
Bank of France
New York
Money and Exchange Summary From a Turbulent Market Day
The report shows dull trading with currency quotes in flux, notes a 2 percent highest and 1 percent lowest bid, and a 14 percent renewal. It details mercantile paper rates, indorsed bills, and clearing house statements, with sub-treasury gains, domestic exchange moves, and international rates for London Paris Berlin and Montreal, including sixty and ninety day terms and premiums.
MENTIONED IN THIS ARTICLE
Mercantile Paper
Bu-Treasury
Treasury
New
Chicago
St. Louis
Francisco
Montreal
Minneapolis
Boston
Philadelphia
New York
London
Paris
Berlin
Wischeck
Switzerland
Cible
Gischeck
Molland
Belgium
Bankers
CRIS
Paria
Curb Market Trading Ends Narrow, Oil Shares Steady
Trading on the curb market yesterday was quiet with small price moves. Atlantic Refining rose four points and several stocks gained modestly while most closed unchanged or near those levels. Mineral miner activity lagged as Melia ley Darragh sold down before recovering, and several issues posted minor increases or were flat.
MENTIONED IN THIS ARTICLE
Atlantic Refining
South Penn
Standard of
California
New York
Maxwell Motors
Fmt
Moat
Riker & Hegeman
National Cloak and Bult
Het Melia
Ley Darragh
Lera
West End
Tonopah
Consolidated
Vance
Price Movement in Commodities
Heavy export sales of wheat steadied the market despite new crop supplies and good harvests. The Continent was a major buyer with France supplying for future needs amid crop worries. Corn showed speculative weakness in the July option while cash stayed firm. Oats held steady with minor gains, and coffee trading was quiet though prices edged up on Europe’s no valorization pledge.
MENTIONED IN THIS ARTICLE
Franco
Europe
Wheat Gains In Chicago as Export Sales Boost Market
Chicago June 18 Wheat advanced on export demand with prices closing higher by about 1 cent to 16 cents. Corn eased modestly while oats rose, and provisions gained slightly. Reported export sales of 1.4 million bushels of old wheat and lake charters totaling 4 million bushels added support, though traders initially underestimated foreign business amid favorable harvest weather.
MENTIONED IN THIS ARTICLE
Chicago
Lake Charters
Livestock Markets Excerpts From New York June 18 1914
Market notes show beeves receipts 1 820 head with steady cattle values. Sheep and lambs receipts 404% head with prices firm and best sheep and lambs sold for strong bids. Hogs receipts 1 000 head, nearly all for slaughter, prices steady to higher. Wheat futures mixed on demand. corn and oats varied. Regional cattle and hog markets report steady undertone amid favorable crop outlook.
MENTIONED IN THIS ARTICLE
New York
Beeves
Dremel
Sly Rae
Jatoba
lee—McPherwin
Shannon
Ohio
Penn
Salon
New Chicago
Talon
Atene City
Gate
Siguaaihs
Europe
Val
Cuenarkee
Sime
Hue
Sigomgnoo
Southern
Sockere
Sorthern Manitoba
Twy
Inion Weng
Harley — Laster
New York Trices
Eust
Buffalo
Julet
Bank of England Return Shows Reserve Shifts and Note Increase
London June 18 The Bank of England weekly return details changes in total reserve 10 024 000 notes reserve up 2 024 000 bullion up 1 746 109 other deposits up 192 000 public deposits up 628 000 government securities unchanged. Reserve proportion to mobility 48 24 percent up from 46 48 last week. Discount rate remains unchanged.
MENTIONED IN THIS ARTICLE
Bank of England
London
Bank of and
Fulton Trust Co Declares 6 Percent Dividend
Fulton Trust Company yesterday announced its forty fourth consecutive semiannual dividend of 6 percent. The payout is payable in due course to shareholders of record, with details forthcoming from the bank.
MENTIONED IN THIS ARTICLE
Fulton Trust Co
Fulton Trust Company
Adams Express Wins Pere Marquette Contract
Announcement states Adams Express Company has been awarded the express contract over the Pere Marquette Railroad, with operations starting July 1 as the latter ceases. The firm previously held contracts with Peoria and Chicago Milwaukee Electric Highway, Southern Indiana, and others, earning a six per cent share of total receipts.
MENTIONED IN THIS ARTICLE
Adams
Adams Express Company
Pere Marquette Railroad Company
United States Express Company
Adams Expres Company
Peorian& Brix
Chicago & Milwaukee Hlectric Hiway
Indiana
Asintat, Mutton & Dead
Pere Marquette
On & Ba
Hearings on Abolishing Leased Wires Set for July
The Illinois State Commerce Commission will hold hearings in Peoria on July 1 and 2 at the Custom House to consider removing leased wires of Western Union and the Postal Telegraph Cable Company. Hearings move to Chicago on July 3. Officials indicate grain merchants’ complaints may gain support.
MENTIONED IN THIS ARTICLE
Middle West
Titer State Commerce Commission
Custom House
Western Union
Postal Telegraph Cable Company
Chicago
Lile
Commissioner Hall
Examiner Way Zant
Postal
Postal ‘Telegraph Cable Company
C. Adama
Metal markets drift as London and New York quote prices
The market reports show copper, tin, lead, and zinc futures and spot quotes. London copper trades near 184.615 and 40.6, with August around 18.37 percent in London, while New York spot copper sits near 0.05 and zinc around 4.00 percent. Copper futures, tin and lead activity are noted, with London tin and lead prices summarized and various calls for July, August, and futures.
MENTIONED IN THIS ARTICLE
London
New York
Nod Norther
Nearing RI Agreement Plans From Reorganization Committees
Unusual activity in Rock Island bonds on the Stock Exchange signals possible progress toward a joint reorganization for the three Rock Island companies. About 0 000 changed hands as bonds rose from 70 to 71 percent amid a pending joint conference. If an agreement is reached, an official announcement may state who bears the greater assessment for the 100000 needed to reorganize.
MENTIONED IN THIS ARTICLE
Chicago, Rock Island & Pacific Railway Company
Stock Exchange
Wall Street
Rock Island
Rock Island Company
Chicago, Rock Island & Pacito Railroad Company
Four National Bank to Liquidate Under New Plan
Stockholders at a special meeting ratified a resolution placing the bank in liquidation and appointed T Frank Manville and F de C Sullivan as the liquidating committee. Cornelius N Bliss Jr chaired, D J Rogers served as secretary. Nearly 29,000 of 20,000 shares were represented. Liquidation follows absorption by Mechanics and Metals National Bank.
MENTIONED IN THIS ARTICLE
National Bank
T. Frank Manville
F. de C. Sullivan
Cornelius N. Bliss, Jr
D. J. Rogers
Mechanics’ and Metals National Bank
Col Hotchkin expelled from Consolidated Exchange
Governors expelled Col W B Hotchkin a board member of Stoppant and Hotchkin for alleged fraud or false pretence. The exchange president M E De Aguero announced the action saying the firm accepted money and securities while insolvent.
MENTIONED IN THIS ARTICLE
Consolidated Exchange Act
Consolidated Stock Exchange
Col. W. B. Hotohkin
Stoppant & Hotchkin
M. E. de Aguero
Exchange
W. B. Hotchkin
Country Produce Markets June 18 1914
New York markets show weak demand and uneven prices across dairy fruits and meats. Butter creamery and cheese receipts mixed with fluctuating hogs and poultry values. apples, oranges, melons and other fruits adjust as arrivals vary. Prices for hay and straw ease while onions and cabbage trend soft amid slow sales.
MENTIONED IN THIS ARTICLE
New York
Mali
Man
U.N Hing
Norton
Mid West
Jared
Bank of France Weekly Return Overview
Paris readers review the Bank of France weekly figures showing gold in hand at 51.262 million francs, up 4.186 million. Treasury deposits rise 13.68 million, general deposits up 2.636 million, bills discounted 11.50% francs, and advances down 11.3 million francs.
MENTIONED IN THIS ARTICLE
Bank of France
Paris
France
Also Mentioned on This Page
Commerce Commisson
Vogue
Fargo
BRIEF
Wall Street News
Shelby Iron Company
Morrin Hush
Ward W. Jacobs
United Gas and Improvement Compewat
Thomas J. Dolan
Wheeling & Lake Weabroad Company
Public Utility Notes
Cities Service
Associated Gas and Electric
Money and Exchange
Marconi of
Pushla
Ino Wayland
Willys
Standard Oil
Anglo Am Oil
Avantia Fe
Buckeye
Eureka
South
Nod
Montana
Hutte
Crowin
Ideal
Florence
Kerr Lake
St Hive
Gawcony
Meath
Hid
Staxwett
Henston
S . Tire
Ada Mills
Buttaio M Brit Col
Yularora
Airbow
United Copper i Paso
West
Cananee
Wiauter
Mines of Am
Yukon G
Bend Cop
Att Ag
Jean BP
Chem
Coban New Getty
Railroad Equipment Bonds
Preoman & Co
M Pine
Maryurity
Atti
Faltimoore & Obie
Wowk & Pine
Weake & Ono
Aio
Northwestern
Laule
Delaware & Judeon de
Rte Railroad
Great
Ether Walter
Lachaville & Naaliy Ile
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Kan
Texwee
Pacific Lt
SY Central Linsrary Rey
Norfolk & Wort
Poon General Freight
Iron
Air Seaboard Air Line
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Southern Pacific
Toronto
J. J. Carew & Co
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McIntyre
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Talley Wikterr Lake
iMeaver Cou
Hattalo
Mckinley
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Gmr
Buver Quest
Emilakaring
Voster Thewey
Gifford
Hargraves
Gould
Oll
Saleigh
Laast
Alumeek
Ry Im
Aes
Arie Coznerelut
Calumet
Aria
New Arcadias
Shennon Juiney
Utah
Winonaay
Wolveri
Mediwon
Pfevsary
McElwain Pt
Mergenthaler
Reece Mutconriole
Reece
Rwilt & Co
Torrington
United Frult
M. Os
QC Mons
Pond Creek
Wid
Iild
Botevnla
Bay
Ty Navi
Boston Fly
New Walt
Calaveras
Lake Ey
Cambria
Keystone
Sup Corp
Wits Pt
Law
Fisher
Hart
Byala Pew Fa Nat Carbon
Rey Joker
Unite Curbite
Armour
Cry
General Market Reports
International Spinners’ Federation
BS Sg
P. Bandera
Averae
Seaboard
Kansas
Revall
Imarkst
Rio
Baltimore
Ty Ag
Ma Trust
ORIC
India Myers
Pittsburgh
Misti
Pichlee
Lew
Erin
Oklahoma
Coward
Marioan
New Orleans
Yeeteriay
R. I
Nat'l
T. F. Manville and
Col. Hotckin
Country Produce Markets
York
Orline
Mhalawin
Atses Iubers
Doubern
Ragyptlatt. Bas
Bermuda
Bas
R. Nies
Toma
Eten
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