Stocks Close Higher Amid Coal Shares Rise
Closing prices yesterday for principal U.S. securities show higher totals with coal shares advancing. Market data includes bank clearings in New York and other cities, foreign money rates, London call money at 1 percent, and various international exchange figures.
MENTIONED IN THIS ARTICLE
Boston
St. Ulgs
Savannah
Charleston
New York
Philadelphia
Baltmore
Chicago
London
Berlin
Berlin Exchange
Paris Exchange
Paris
Market's erratic course as buying steadies prices
Considerable market animation and liquidation continue across many issues with efforts to push values down yet closing prices show improvement over Wednesday. Bear pressure is offset by covering purchases and solid demand from buyers, while political factors in Philadelphia shape sentiment and prospective summer moves.
MENTIONED IN THIS ARTICLE
Philadelphia
Wight
Condioda
Wall Street
Philladelphia
Bryan
Kansas City
Jersey Central
Reading
Northern Pacific
Great Northern
Day's Bond Market Opens With Mixed Government Notes
Government bonds show a lower closing. listed bids and asks for 5S 4s 1925 and other reguars. Rail and other bonds see steady activity with par value sales totaling 1.12160 million versus 1.2705 million prior. heavy trading in Atchison and Balti, Chesapeake and Ohio 4s, Detroit City, Norfolk and Western 4s, and Union Pacific 4s among others.
MENTIONED IN THIS ARTICLE
U.S
B.S
Atchison
American securities abroad market opens weak in London
The London market for American securities opened weak and stayed dull through closing. Sellers dominated with only occasional small rallies. Last prices included Atchison 25 44, Canadian Pacific 92 1 2, St Paul 114, Illinois Central 114 1 2, Union Pacific preferred 3? 4, New York Central 121, Erie 11 1 2, Reading 6 1 2, Grand Trunk 6, Anaconda unspecified.
MENTIONED IN THIS ARTICLE
London
Atchison
Canadian Pacific
St. Paul
Ilinois Central
Louise and Nashville
Union Pacific
New York Central
Erie
Pennsylvania
Reading
Erie First
Northern Pacific
Grand Trunk
Anaconda
American Steel and Wire
People’s Gas
Rock Island
American Tobacco
Tennessee Coal and Iron
Southern Railway
Brooklyn Rapid Transit
Federal Steel
Third Avenue
Northwestern
Continental Tobacco
Western Union
Jersey Central
Chicago
Burlington and Quincy
Consolidated Gas
General Electric
Delaware and Hudson
Bank of England and Bank of France weekly financials
London reports a rise in total reserve by 888000 and bullion by 1006852 with notes reserve up 940000 and public deposits up 26300 while discount rate stays at 3 percent. Paris notes circulation down 40025000 francs, treasury current accounts up 20650000, cash holdings up 46875000, bills discounted down 63100000, silver in hand up 2650000.
MENTIONED IN THIS ARTICLE
London
Bank of England
Paris
Bank of France
Money Rates and Foreign Exchange Summary
Money on call at 1 percent with the ruling rate. Time money quoted 2 percent for sixty days, 3 4 percent for three months, 4 percent for four and six months on railroad collateral. Commercial paper 3 4 4 percent for three, four, six months for top names. Foreign exchange market week open. actual closing rates follow.
Treasury Ledgers Show Bond and Cash Totals in Brief
Washington June 21. The Treasury division of issue and redemption reports a reserve fund of 150 million in gold coin and bullion, with 725 million in total assets including Silver dollars, notes, and coins. Current liabilities show available cash balance and deposits in national banks totaling over 720 million. Government receipts for the day reach 1.54 million with monthly and yearly totals running into tens of millions, highlighting ongoing revenue from customs, internal revenue, and miscellaneous sources.
MENTIONED IN THIS ARTICLE
Federal Treasury
Washington
Treasury
Rota
United States
Wee Ray
Ate Neesto
Wall Street closes weak amid mixed stock and loan notes
Outside securities market shows a weak close with Standard Oil at 52 05 25 and other leaders listed, London prices lower as foreign houses trade in the local market. Loan quotations feature many rails and utilities with varied percentages, Amalgamated Copper declares a 1 ½% regular dividend plus ½% extra, and several banks announce semi annual or regular dividends.
MENTIONED IN THIS ARTICLE
Havana
Bay State
Markeen
Amalgamated
Amsterdam
America
New-York
London
Dividend Declarations and Bond Exchange Notices
Annual dividends at 3 percent on sums deposited three months prior, payable July 16. Garfield National Bank declares 10 percent quarterly and a 3 percent extra dividend on capital stock payable June 30. National Shoe and Leather Bank 1 percent quarterly dividend payable July. Procter & Gamble 2 percent quarterly on referred stock payable July 14. American Ice Company 14 percent quarterly on preferred stock payable July 14. Lake Shore and Michigan Southern bonds offered in exchange for re funding mortgage gold. Mercantile Trust to pay interest on St. Louis Southwestern second mortgage certificates from July 2. amount $232.2 per $1,000, up $6.44 from January. Stock Exchange notes: W. S. Scott elected to membership. H. L. Langhaar reinstated as member.
MENTIONED IN THIS ARTICLE
Adama Express
A ' Alban & Sus
Amer Express
Amer Sugar Annes
Cabia
Ann Arbor
Atchison
Sait & Ohio
Binewick
Brnh & Pitts
Gt West
Mil & St
Ppl
RI & Pac
Lev L & Wheel
Hhley & Pitts
Cal
Totmeco
del & Hudson
del Lack & W
den & Rio Grad
Eam
Dnal Son S
Federal Steel
le & el B Co
Biec
Hocking Valley
Illinois Central
Iowa
Knick Ice
Laclede Gas
LB & Western
Uw Lake
TSE
Nz Island
Wis & Nash
Manhattan
Minn & St Louis
P&s
Mo Kan & Tex
Missouri
Mobile
Ontoris
Essex
National Lea
National Steel
National Tube
BRASL
NY Central
Lack & W
Nh&h
Norfolk & W
Northern Pacific
Ohio & Indias
Ontario
Pacific Coast
Penn Coal
Penn R R
Peoria & Ka
Peo Gas
Roto Pere Marquette
Reno & Sara
Iren & Sti
Rome
Jon & Grimen
St Ll
San Fro
L & Southw
Paul & Dui
Rove & T
To & O Central
Omni Trin
U S
Wells-Fargo Px
Steel & Wire
Tobac
Fe Chi Ri & Pac
Rey Manhat
Wits
Tenn Coal & 1
Texas & Pacific
Po Third Avenue
Bush
Ae Nt
Amalgamated Copper
Amalgamated Copper Company
Electric
Electric Vehicle Company
National Bank of the Republic
United States Trust Company
Washington Trust Company
Fourth National Bank
Continental Trust Company
Bowery Savings Bank
Garfield National Bank
National Shoe and Leather Bank
Procter & Gamble Company
American Ice Company
Lake Shore
Michigan Southern
Fisk & Robinson
Lake Shore and
Michigan Southern Railway Company
St. Louis Southwestern Railway Company
Mercantile Trust Company
Exchange
Scott
Stock Exchange
H. L. Langhaar
H. L. Langhaar & Co
Amer. Agricultural Chem
A&o
American Bicycle
American Book Co
Ate Power
Presa Association
Soda Foun
Amer. T
Amer
Arizona
Tenon Wee Harney & S
Bay State Gas
British Columbia Copper
O'S
Fa&a
Ches & Po
Chesebrough
Claflin
H. B
Wwe Claflin
Consolidated Equipment
Wees F&a
Distilling Co. of America
Dy Hing Co
Oh Rie
Eletric Vehicle Co
Hal Steel
Tiener Fleington Coal & Cok Carriage
Ile
Ken Land & Imp
Stetson
J&js
Ational Enamel & Stamp
National Enamel & S
Gramophone
National Wall
Semer & He Erie
Atnl Semek
Pratt & Wimey
Ter & Gamble
Fakin
Mons Hardware
F&a
Singer
Swift & Co
St. Ferry
Telephone & Cable
Tennessee Copper
Trenton Potteries
Witch & St
Wheel & Chan
Oreel & Chain
Aa&o
Market Leaders in Yesterday's Trading Across Major Firms
A dense list of buyers and sellers dominated by St Paul, Sugar, American Tobacco, and Missouri Pacific among others. Key participants include L Levy, Kohn & Co, I F Mead, J M Amory, Provost Brothers, Halsted Hodges, and Moore Schley. Multiple market actions show numerous 1 000 share blocks and notable activity in Sugar and Northern Pacific stocks.
MENTIONED IN THIS ARTICLE
St. Paul
L. Levy
Kohn & Co
Sugar
I. F. Mead
Imbrie
McDonald
J. S. Bache
Content
Rolston & Bass
American Tobacco
D. Henry
T. S. Young and
Honigman
D. O'Dell
Northern Pacific
Provost Brothers
Brooklyn Rapid Transit
Weir
J. M. Shaw and
Stevens
Jersey Central
Clark
J. Tappin
Keech and Loew & Co
Henry Brothers
Worden
Bacon and
Metropolitan Railway
Sidenberg & Kraus
Wabash Preferred
J. Daniels
Halsted & Hodges
Levy and Mead Pought
Goodchild and
Day
Reading First
Cruikshank
Readine First
Kerr & Co
American Car and Foundry Company reports fourteen month period earnings
The American Car and Foundry Company earned 5,831,598 from all sources for fourteen months ending April 3, with net earnings 5,734,445 after a 7 percent preferred stock dividend. Surplus rose to 3,805,685, used to boost working capital to 9,000,000. Directors anticipate possible common stock dividends within twelve months. Balance sheet lists properties valued at 52,862,000 and total assets of 53,212,165. Liabilities include 30,000,000 preferred capital and 30,000,000 common capital with substantial payrolls and outstanding vouchers. Directors elected at Jersey City meeting include W. McMillan and many others.
MENTIONED IN THIS ARTICLE
American Car and Foundry Company
Pat Hepia
Wkaewaiseiens
Niele Ae Ee Ncaa
Jersey City
William McMillan
W. K. Bixby
F. H. Eaton
George Appell
J. R. Hugin
George H. Russell
W. Ud. M de
EB. F. Curry
L. Smycer
George Hargraves
C. R. Woodin
L. . Cox
W. N
Iowa Central Board Reorganized In Traffic Pact Talk
F H Davis treasurer of the Minneapolis and St Louis says the recent Iowa Central board reorganization does not give M and S control of Iowa Central or imply a merger. He notes capitalists in Minneapolis and St Louis own stakes but denies any purchase or consolidation, while anticipating future traffic arrangements without details.
MENTIONED IN THIS ARTICLE
F. H. Davis
Minneapolis and
St. Louis
Iowa Central
Iowa Central Board
Minneapolis
Southern Pacific Dividend Outlook and Holdings
Southern Pacific has been in demand and traders expect a possible dividend this summer if earnings sustain the current pace into the new fiscal year. Insiders do not promise a payout yet, though earnings support a likely payment by the first half. Huntington Interests still hold Southern Pacific stock and have no plan to sell at current prices.
MENTIONED IN THIS ARTICLE
Southern Pacific
Huntington
Anthracite Coal Stocks Rise on Rumored Settlement
Strength in anthracite shares came after reports that talks to settle the railroads versus the Pennsylvania Coal Company were completed and that Morgan interests secured controlling stock. Jersey Central and Reading first preferred rose, Ontario and Western held firm, with rumors Jersey Dent would move under Vanderbilt influence accompanying the advance.
MENTIONED IN THIS ARTICLE
Tidewater
Pennsylvania Coal Company
Morgan
Jersey Central
Ontario and Western
Jersey Dent
Vanderbilt
Sugar Trade Conditions Point to Higher Prices Soon
The sugar market shows a strong position with expectations of price gains in the near term. A refinery price gap favors imports of foreign refined sugars, mainly Russian crystals, though such shipments will be limited and not affect consumer prices significantly.
MENTIONED IN THIS ARTICLE
Russia
Unitedates
Toledo St Louis and Kansas City Bonds Receiver Order
Supreme Court Justice Bischoff issued an order directing Farmers' Loan and Trust Company as receiver to deposit before June 2 one hundred fifty eight first mortgage bonds of the Toledo St Louis and Kansas City Railroad and all unpaid coupons since January 1 1893 with Central Trust Company The order follows an invitation from Frederic P Olcott and the Reorganization Committee The receiver is also instructed to hold the remainder of the stock and to accept stock transfer certificates.
MENTIONED IN THIS ARTICLE
Justice Bischoff
Supreme Court
Farmers’ Loan and Trust Company
Central Trust Company
Toledo, St. Louis and Kansas City Railroad
Frederic P. Olcott
Wheat trade in Chicago shocks markets with record volatility
Chicago June 21 Special Wheat traders report a rare market with frenetic activity across the Midwest led by heavy commission orders and bullish nerves. July futures move from open to close near 2 to 3 percent changes amid sharp Minneapolis and Duluth swings, while Liverpool and cash grain sentiments add to the pace.
MENTIONED IN THIS ARTICLE
Chicago
Europe
Leiter
Minneapolis
Duluth
Sie
Mt and
Sige
Liverpool
Ugher
Snow
South Dakota
Ingus
North Dakota
Northwest
Dakotas
Minnesota
Manitoba
Theo
Cudahy
Railroad Security Notice and Bond Sale Offer 1900
Notice to holders of Six Per Cent Sands of a Minnesota railway company. Atlantic Trust Company will receive offers at 61 Street New York until July 10 for sale of bonds at par plus interest. If not all offered, trustee will apportion remaining amount. Also Lake Shore Michigan Southern Refunding Mortgage and First Consolidated bonds offered at par with interest. bankers 86 Nassau Street New York.
MENTIONED IN THIS ARTICLE
YIN Vesota
Sands
ISO
Atlantic Trust Company
Ron's
Mces
No. 61 Street
City of
New York
Fonda
Lake Shore
Michigan Southern Rae Way CO
Grand Central Depot
U States Trust Company of
E. D. Worcester
Michigan
Also Mentioned on This Page
Wedresy
Madrid
Lisbon
Buenos Ayres
Mex Central
Mex National
Dam
Kan & T
North Pacific
Obacco
Nor West
iAm
National Biscuit
Brooklyn BR T. v
NY Central Bs
Y Ont & West
Pullman
Chic Bar & Qy
Peo Gas Co
H Cmsa SP Ixena
Penn RR
Ublie Steel
Consol Gas
Iss
Ol & South
Southern
Sen & Rio Apt
BraerTei Steel
Wis Central
Mteaef
Or & West
Tex & Pist
North Pac
Wim
Union Pac
Wabash DP
American Securities Abroad
Money and Exchange
New Orleans
San Francisco
Telegraph
Cincinnati
THE
Anean
K &O
Pac Trust
Mob & Ohio
Wad Ball & Ohio
Nyg&el Fay
Bkin
Inc
Ner & W
Cl & L
M & St
C&p
Cc & G
Space Tex & Pao
H &S
Lé K
Pac Fe
G & Fl B
Consolidated Exchange Sales
Wall Street and Exchanges
American Car and Foundry
Toledo
Frederic H. Hatch
Mens Acker, Merrall & Condit
Ma&n
Kivyn Perry
Eagies
Heckernes- Jewell Me
W. J
Swift & Rapid Transit
St.enees
Los Texas Pacific Coal
A& Oo
Anies Ferry
M& N
Clinton Gilbert
Wallst
Atlantic
Amer Surety Co
Quiar
Mad & Miter Co
Oear. F
Ae Arkivn
Entral
Ba & T Co
L & Tr
Franklin
Guaranty Trio
Eno Hamilton
Kings County
Knickerbocker
Ais Ae
T & Ins
Ttan Teeee OO
Mercantile
Ccee
J. Soo Morton
Nat'l Suret
Im North Am Co
SJ. A
Nassau
OF & A
NYLIN
NY Security
Enone Oie Ms ‘Trust Co
Lot
NY & E Rist
Iyult
New Am Gas
Assad
Balt Consol
Ind
Buffalo
Mad Wish
Chegl& F Do
Denver
St Paul
Rapids
India
R. L. Day & Co
E- Gay
At&s
New-England
Bost & Mont
Butte & Bost Bost
Albany
Bost
Cal & Hecla
Bur & Qy
Centennial
Fitchburg
Old Colony
Wolverine
West End
Elec
Dominion Coal
Walker Brothers
Broadway
Metropolitan FE
Ds National Biscuit
Ant Nationa
Carbo Pl
Nicago
de Haven & Townsend
Am Rr Co
Penn Steel
Asph Co
Penn
Phila
Phila Traction
Elee Se Bat Co
Phila & Erte Ss
Pitts Con Tr
Electro-Preudo
Elee Co
Sus Iron & Steel
Tidewater Steel
Penn R R Co. Ity
As Co
Union Trac
Ind P Ry Co
Lake Sur& Kcp & Gis
N J Con
Phila Coeeeees
Tee Newark Pass
Diamond Steel
People’s Trac
Burlington
Cedar Rapids
Northern
Levelland
South Shore
Georgia
Alabama
Ns Peoria
Eastern
Ube Twin City Rapid Transit
Chicago and Alton
Eeessiineat Aantesai Inc
TRTSE
Tsi
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