Stock Market Reels on Money Pressure and Copper Dividend Cut
Market activity showed irregular movement as call money rose to 14 percent, the highest since April, and Inspiration Copper cut its dividend. Stocks overall held lethargically steady amid limited speculative demand. Copper producers faced discounts, while United States Industrial Alcohol and other issue stocks swung on special factors. Steel shares traded lightly. Baldwin Locomotive remained firm amid pool holdings.
MENTIONED IN THIS ARTICLE
Copnor
United States Industrial Alcohol
United Retail Stores
Chandler Motors
Chemical
Virginia-Carolina
Baldwin Locomotive
Money and Credit Market Strain After June Tax Payments
Call money offerings remained scarce as banks faced strain from June 15 tax payments and upcoming interest and dividend disbursements. The call rate rose to 14 percent, the highest since April, while time money stayed dull with restricted offers. Bank clearings in New York totaled 891.87 million dollars with 72.76 million dollars in balances, and foreign exchange activity showed mixed London and Canadian movements amid ongoing monetary adjustments.
MENTIONED IN THIS ARTICLE
New York
Iver
London
New Yorke
ub-Treasury
United States
We Credit
Canadian Exchange
Montreal
Car and Foundry earnings dip in 1919 report
American Car and Foundry Company shows a small drop for the year ended April 80 1920 with surplus of 8 301 192 after charges and taxes equivalent to 27 67 a share on common stock The prior year surplus was 9 471 515 or 34 2 a share Profits after federal tax declined by 2 500 607 The year end balance after 3 000 000 in common dividends was 4 701 192 down 2 670 821 The report notes a sharp decline in on hand materials to 16 007 108 from 48 276 398 and a growing reserve for common dividends to 10 800 000 plus 3 100 000 Improvements reserve fell to 3 085 011 from 4 101 907 President Woodin highlights railroad administration dealings and planned property expansion including Chicago mint land acquisition.
MENTIONED IN THIS ARTICLE
American Car and Foundry Company
W. H. Woodin
Railroad
Chicago Mint
Congress
Stock Exchange
New York Tribune Inc
Tigh
Tow
Lowe Close
Chge
Ask
Ajax Rubber
Bly
Superior Steel
Alaska Joneau
Texas Company
Allis-Chalmers
Ar Fisa
Amer Bank
Nexas & Pacific
Tex Pac Coal & Oil
Amer Hank Note
Tide Water Oil i
Amer Beet Sugar
Tohatca
Amer Hosch Mag
Amer Bi
Underwood Tepe Co
Car & Way T
Union Bug & Paper
Amer Drag
Union Oil
Amer Express
Union Pacific
Amer Hide & Leath
Amer Ise Secur
Union Pacific Pr
United Drug
Int'l Corp
Invest
Ship & Com
Ind Alcohol i
US Realty & Impt
United
Sumatra
Utah
Telex & Tel
Vanadium Steel
Vobacco
Wabash
Wells Farga Expresa
Assn Dre. Gonds
West Maryland
Westinghouse
Galt & Wol
Mla Wheeling & LE A
Beth Motors
Bilsa Rap Tran
Booth Pinheries
Burns Bros
Brunswick Bie
Cop & Zinc Ou
California
Lifornia Petrol
Canadian Pacific
Toeag
Chandler Matoi
Mil & St
West
Che Rs& P
Chile
Ea Cola
Columbia Graph A
Eure
Coe
Endicoll-Johnson
Be' Bay
Erie
Ila Erie
Seto Freeport
Texas
General Motors
Gen Motors
Goodrich
Grey Divis
Great Northern
Tnspirion
Inter Harvester
Inter Marventer
Mer Marine
Met Marine
Motor
Sc Roly
Mat Truck
Inter Paper
Inter Paner
Inter Ihelano
Loews, Inc
Louis & N. R
Manhattan Ley
Mahattan
Miami
Consol
Midvale Steel
Cloak & Suit
Nat Enamel & Sto Bn
New York Air I
New York Central
Norfolk & Western
Pacific
U Thy
Nova Scotia Steel
Ohio Gas
AD Gms
Okla Prod & Tief Paic Develop
Uly Lo Stokholdens
Pacian & Elec i
Aleard Sunn
Pacific Mall
American Shipbuilding i
Parkh & Bingham
Austin
Alg
Fenngylvania Rail
Mtrailiviti
Eflan Motor Compans
Bleven Oil
Sila P
Tinea
Ditian
Janmteeriy
Pitts & Wey
Oi Ag
Portman Palace
Fee
Aly
Shell Trnna i
Montony
Neliny Oil
Shang
Bland Qi
Mair
Stewart Varney
Bleel & Vube
Olyetins
Nat Hani
Villa Corp. Vt
America Car and Foundry Company
Clar
Dividend News From Paper Pulp and Chemical Firms
The Abit Pulp Paper Company declared an initial dividend of 66 20 from July 1st to cover interim earnings and a special payout noted alongside regular quarterly dividends. American Serese Company announced an extra dividend of 11 2 per share with a 1 percent additional weekly payout. Chemical Company issued a dividend at the net rate plus a quarterly share, with details on per share value and any related duties for stockholders.
MENTIONED IN THIS ARTICLE
Aniuint Abit Pulp Paper Company
Athokhulanrs
Uly Axtra
Cermans Aroun Chemical Company
Southern Pacific Posts Higher 1919 Federal Report
Southern Pacific’s annual report shows a pretax surplus of 1 047 284 and earnings 10.45 a share on 302 024 908 shares. Gross income rose to 41 049427, while operating revenues from Federal work reached 296.08 million, net rail income fell to 48 199 718 after taxes and adjustments. federal control affected fuel oil sales and maintenance amid shifts in government purchases and operations.
MENTIONED IN THIS ARTICLE
Southern Pacific Company
California Fuel Oil Department
Fedral Administration
Fuel Oil Department
Julius Kruttschatt
Southern Tacittc
Kruttechnitt
Pacife Lineara
Els
Baldwin Directors Elect Baliwin Locomotive Board
At a meeting yesterday Baldwin Locomotive Works elected Thomas Gates of Drexel & Co to the board and to the vacation committee to succeed the late Arthur B. Newbold. A finance committee was created with Thomas S. Gar as chairman, Sidney P. Tyler, Arthur Hall, and President Vauclain as members, reporting to the executive committee. No action was taken on filing the remaining details of the chairman’s position.
MENTIONED IN THIS ARTICLE
Baliwin
Thomas
Gates
Drexel & Co
Arthur B. Newbold
Gar
Sidney P. Tyler
Arthur Hall
Vauelain
Mi Uney
Paris Market Stronger on the Bourse
Paris June 4 French markets showed stronger prices on the Bourse with five per cent loan at 88 francs 40 centimes and the franc exchanges quoted: London 47 francs 40 centimes, the dollar at 11 francs 97 centimes. Perches were broadly higher.
MENTIONED IN THIS ARTICLE
France
Erling
Belgium
Brs
Ewies
Sweden
Denmark
Orwayy Cher
Sareny
Greece
Manila
India
Argentina
Brazil
Rio
Paris
London
Wall Street Rumors Fail To Produce Indictments
Rumors linking major Wall Street brokers and oil firms to a government probe faded as indictments appeared limited. Traders gathered on the Stock Exchange, awaiting confirmation while officials indicated the initial charges were only a preliminary move, with no prominent names named to date.
MENTIONED IN THIS ARTICLE
Federal
Wall Street
Stock Exchange
Wall Stre
N and
American Car and Foundry annual report highlights reserves and profits
The American Car and Foundry Company issued its annual report noting a reserve of 10.5 million to guarantee 12 percent dividends on common stock over three years, with material on hand dropping to 15.0 million. It also denies plans to discontinue cash dividends and discusses equipment financing for railroads and European credit.
Copper Dividend Cuts Hit Cananea And Greene Stocks
The dividend cuts announced yesterday left little impact on market prices for Inspection Gopper and Greene Cananea. Greene Cananea rose to $0, a point above Wednesday, while the other stock fell by a half point. Copper trade sentiment remains dubious as producers cut prices and foreign buying extensions fail to lift markets. The market held firm amid scarce time money and expects higher prices only modestly next month.
MENTIONED IN THIS ARTICLE
Gopper
Greenestanea
Greene Cananea
Nisif
Wall Street
London Money Market Report on Electric Wire Standards
London money market notes upbeat on metal and wire trades as Japanese firms prepare insulated electric wire and cords to meet official standards. delays and price terms cited. Lisbon gold premium quoted as markets factor in broader supply concerns. overall tone signals cautious activity in high value metals.
MENTIONED IN THIS ARTICLE
London
Lisbon
Japan
Also Mentioned on This Page
Hershey Chocolate Corporation
Pennsylvania
Cuba
National City Company
Mary Orion
National City Bank
Uptown
Omer
Fitin
Omere
Jelke, Hoop & Bolles
Honsevelt & Son
Pine Street
George H. Burr & Co. Avortinere Recurition
Equitable Bldg
Farson,Sona Co
Broadway
Harris
Forbes & Co
Fine Street
Corner Willls
P. C
Money and Credit
Bank of England
Bank of Eng
Nana
Neten
Welton
Lee Aron
Bank of France
Phe
Bank of
Atate
Car & Foundry
Southern Pacific
U.S
Baldwin Directors
Mate Teniting Co
Ichada
Nui Wellman-S M
Wilt & Taw
American Car and Foundry
United Retail Stores Corporation
United Cigar Store Company
Samuel M. Vanelain
Baldwin Locomotive Works
Carolina Chemical Extra
Virginia-Carolina Chemical
Great Britain
Huginna
New York City
New York Title & Mortgage Company
Montague Bt
Iron Bridge
Waa i Gey
the Marine Trust Company
Buffalo
SIMMS
Momer
H. D. Robbins
Harriman National Bank
Fifth Avenue
Forty-fourth St
Investment Securities
Exchange Place
Nw York
Bankers Trust Co
Irving National Bank
Right National Park Bank
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!