Stock Values Improve as Shorts Cover Bonds Rise
Closing prices yesterday show gains across principal active securities with shorts covering. Bond premiums advance in rail and money markets while foreign money markets show London call money around 10 16 percent and Berlin and Paris rates steady. Gold and silver markets reflect modest shifts with Madrid Lisbon Buenos Aires and Rome price indicators listed.
MENTIONED IN THIS ARTICLE
San Francis
Telegraph
Cincinnati
Boston
Chicago
St.ouis
Savannah
Charleston
New York
Philadelphia
Baltmore
Oreign Money Market
London
Brlin
Berlin Exchange
Paris Exchange
Paris
Madrid
Lisbon
Buenos Ayres
Rome
Market recovery extends gains amid short covering and earnings
The market advanced again as short covering continued and buying broadened beyond shorts. Brooklyn Rapid Transit rose from 52 to 57 with heavy volume as bears covered, while wheat prices fell on better crop outlook and rail earnings for the third week of June remained strong, with year over year gains and expectations of fall price support.
MENTIONED IN THIS ARTICLE
Brooklyn Rapid Transit
Brooklyn Rapid
Chicago
Southwest
Northwest
Commission House
Baltimore and Ohio
St. Paul
Amalgamated Association of Iron and Steel Workers
Tron
Hill
Great Northern Road
China
Bonds Market Reports Steady Government Bonds
The days operations in bonds show government bonds steady with final quotations: bids and asks listed for various issues including 1925 and 1924 maturities. Railroad bonds move irregularly with total sales around 1,197,500 par value, led by Atchison general 4s and Baltimore and Ohio issues among others.
MENTIONED IN THIS ARTICLE
Atchison General
Baltimore and Ohio
Southwestern Division
Chesapeake and Ohio
Colorado
Southern Ist
Northern Pacific
Reading General
Louis
Iron Mountain
St. Louis
Money and Exchange Rates in the Market
Money on call at 1 1 2 percent with 1 percent ruling. Time money at 8 9 4 percent for sixty days and varying up to 4 7 4 percent for six months on railroad collateral. Commercial paper 4 1 2 percent for three to six months for top names. Foreign exchange market steady with closing rates given.
Sales At The Stock Exchange Railroads And Other Stocks
The brief item notes trading activity at the stock exchange focusing on railroad shares and other listed stocks. Prices and movements are summarized, highlighting notable gains and declines among key companies and market leaders of the period.
Bond Listings Show Broad U S Trade Activity
The page catalogs numerous bond issues across railroads utilities and banks with yields ranging from about 6 to 12 percent. Notable entries include Pac Coast Ist 6s and Reading Gen 4s with varied prices, plus sizable totals like 1 097 500 dollars in bonds sold across railroads and utilities today.
MENTIONED IN THIS ARTICLE
Ge& LH
Ee Adams
T & BF G
Beech
Iis
Ohio
Col & So
den & R G
PM & M
City Gas
M & M LG
Green Bay
Funas
Lake
L. W of
A &C
Manhattan
Cent Ist Inc
Suicestisnide
Sal Dodd
American securities abroad steady but inactive opening in London
London June 2% Prices for American securities advanced at the opening and remained near the close with a partial reaction, closing irregular. Market inactive but tone was good. Last prices include Atchison 84, Canadian Pacific 9, St. Paul 112%, Illinois Central 114, Louisville and Nashville 774, Union Pacific preferred 72%, New York Central 131, Erie 1144, Pennsylvania 64%, Reading 8%, Erie first preferred 3354, Northern Pacific preferred 7244, Grand Trunk 6%, Anaconda 8.
MENTIONED IN THIS ARTICLE
Adams
Albany & AB
Amer Dist
Amer
Amer Sugar
Tel & Cable
Brunswick
Buff KR & Pitts
Bur
R & Nor A
Southern
Canadian Pacific
Capital City
Central of
N J
Ches & Ohio
Louis
Mil & St P
Chis & Northw
Chie RI & Pac
BO Dams
St L
Col C & I
Col & South
Col & Hock C
Consol Coal
Control “Co
del & Hudson
Wwe
Lack & W
Denv & Rio Gr
Des M & Ft
Ave. O. Ts
Evans & T Bea J
Federal Steel
el RB Co
Elec Co
Glucose Sug Co
Hocking Valley
Oniole Central
KCP & G
I. Ao
Keok
Des M
Oman
King & PM
Laclede Gas
Lake Shore
Long Island
Louis & Nash
Manhattan
Redilay
Miscouri Pacific
Mobile & Ohio
Morris & Essex
Nat Biscuit Am
National ‘Steel
Bats
Norfolk & West
Pacife
Ohio & Indies
Ontario
Pacific Coast
Penn Coal
Penn R R
Peoria & Past
Peo Dee & Ev
Peo Gas & Cony
Mang HN
Pere Marquette
Nike
Amy Oy
Rene
Sara
Rio Gr West
Rome
St Jos & Gris
Preceesse al Siseesh
Southern Pac
Southern RK R
Tenn Coal & I
Rone & T
Texas & Pacific
Go Land Trust
Tol & O Central
Twin City
Abash
Wells-Fa West Union Tel
Wheel & L E
Wisconsin
Tee Oweerer Nes
London
Atchison
St. Paul
Illinois Central
Louisville and Nashville
Union Pacific
New York Central
Erie
Pennsylvania
Reading
Erie First
Northern Pacific
Grand Trunk
Anaconda
Treasury Report Shows Balance and Receipts for Day
Washington June 26 The Treasury reports a total reserve fund of 150 million dollars and a general fund total of 122.8 million. Government receipts for the day amount to 1.297 million with expenditures of 1.04 million, and year to date receipts reach 567.1 million against 483.95 million in expenditures, leaving an excess of 73.18 million.
MENTIONED IN THIS ARTICLE
Golp Gott AA
Walon
United States
Treasury
General Fund
Eee
Ceee
Sars Dna
Ache
Ald Mayb Sakina S
Washington
National Bank
Exports of Merchandise Port of New York 1898 99 1900
The report shows weekly exports to June 26 totaling 8,478,366 in 1898 8,785,977 in 1899 and 11,259,860 in 1900. Cumulative exports from January 1 reach 245,804,173 for 1898 227,659,574 for 1899 and 292,750,672 for 1900.
Wall Street and Exchanges Weekly Market Roundup
Outside securities markets show a dull close with Standard 510 615, down from Monday. Foreign trading in London moved about thirty thousand shares, with Baltimore and Ohio common sold by foreign houses. Wabash directors declare a regular semi annual dividend of 3/4 percent on debenture A bonds.
MENTIONED IN THIS ARTICLE
Wall Street
Exchanges
Havana
Bay State
Markeen
Amsterdam
America
New-York
London
Baltimore and Ohio
American Steel and Wire
General Electric
New York Central
Rock Island
St. Paul
Union Pacific
American Tobacco
Southern Railway
Brooklyn Rapid Transit
Federal Steel
Atchison
People’s Gas
Consolidated Gas
Missouri Pacific
Northern Pacific
Manhattan
Pennsylvania
Delaware and Hudson
Tennessee Coal and Iron
Chicago
Burlington and Quincy
Third Avenue
Northwestern
Continental Tobacco
Western Union
Jersey Central
National Steel
Sugar Refining
Louisville and Nashville
Union Hag and Paper
Vanderbilt dividends and rail line bond notices
The Canada Southern Railway declares a semi annual dividend of 1 percent. Michigan Central Railway declares a semi annual dividend of 2 percent payable July 28. Lake Shore and Michigan Southern Railway declares a semi annual dividend of 3 percent payable July 28. New York Central and Hudson River Railroad declares a quarterly dividend of 14 percent payable July 16. Brown Brothers inform Wheeling and Lake Erie bondholders that if right of withdrawal is not exercised before July 1 they are deemed to assent to the proposed conversion scheme.
MENTIONED IN THIS ARTICLE
Vanderbilt
Canada Southern Railway Company
Michigan Central Railroad Company
Lake Shore and Michigan Southern Railway Company
New York Central and Hudson River Railroad Company
Wheeling and Lake Erie
Brown Brothers & Co
Wheeling and Lake Erie Railway Company
Buyers and Sellers in Yesterday's Market
Principal buyers and sellers in yesterday's market included Otto Loeb purchasing Sugar Refining, John Muir & Co. selling, A Thomson buying Tennessee Coal and Iron, and C Minzesheimer & Co. along with T W Myers & Son selling. London firms and multiple traders bought and sold Northern Pacific common and Atchison preferred as prices moved, with notable activity in Brooklyn Rapid Transit and Sugar.
MENTIONED IN THIS ARTICLE
Otto Loeb
John Muir & Co
A. Thomson
Tennessee Coal and Iron
C. Minzesheimer & Co
T. W. Myers & Son
Floyd-Jones & Robison
Atchison Preferred
London
J. M. Amory & Son
Street & Norton
Burrill & Stitt
Northern Pacific Common
Clark, Dodge & Co
Andrews & Criss
Dodge & Armstrong
Baltimore
Ohio
Bell & Co
Steel Hoop
Halle & Stieglitz
Brooklyn Rapid Transit
F. W. Savin & Co
J. F. Carlisle
J. J. Manning
Atchison
J. R. Williston & Co
Dick Brothers & Co
Weaver, Harris & Co
L. Wormser
L. W. Bell
L. W. Wormser
Clark
A. de Cordova & Co
C. M. Oelrichs & Co
J. Kidner
C. Loeb
J. M. Leopold & Co
Joseph Connah
Noble & Mestre
A. H. Combs & Co
Consolidated Gas
Flower & Co
New York Central Earnings and Dividend Outlook
New York Central plans dividends for the year ending June at 4,937,000 with June earnings and a projected surplus of 320,000. The balance for dividends stands at 8.02 percent versus 5.71 last year. For the quarter ending June 30, net earnings total 5,271,000, up from 4,699,083, with 1,865,000 available for dividends, vs 1,497,918 last year. After a 1.0 percent quarterly dividend, the surplus is 423,000, down from 497,918.
MENTIONED IN THIS ARTICLE
New-York Central
Inc Inc First
Balance Inc
Son Har Giybos
Inc
Atchison Earnings Rise. May Statement Boosts Securities
The Atchison report for May shows a flatter earnings trend and supports an advance in securities. Gross earnings rise by 562 703 dollars and net by 492 488 dollars, totaling 5 092 357 in gross and 5 410 471 in net for eleven months of the fiscal year. Preferred stock yields about 7 percent on investment while trading below a 4 percent level. The year’s ending figures should show a heavy surplus on common stock, with Southwest crop prospects backing optimism for higher earnings next year.
MENTIONED IN THIS ARTICLE
Atchison
Atchison Preferred
Silver Surges in London Amid Strong Global Demand
Silver rose sharply in London as Russian and Indian demand grows for coinage and famine relief, with shipments to India up £600,000 year over year. Shanghai and Japan are buyers while the metal climbs from 60 to 61 to 61 4/6 cents. The market stays buoyant with prospects of further gains.
MENTIONED IN THIS ARTICLE
London
India
China
Shanghai
Japan
Mexican Central's Gain in June Week Earnings Rise
Mexican Central reports earnings for the third week in June up by 73648 dollars from the prior year. Since January 1 total gross earnings reach 8479987 dollars, an increase of 1410019 dollars compared with the same period last year.
MENTIONED IN THIS ARTICLE
Mexican Central
Lake Erie and Western resumes 2 percent dividend
The Lake Erie and Western directors authorized a 2 percent dividend on the preferred stock paid yesterday. The last dividend was in November, 189%.
MENTIONED IN THIS ARTICLE
Lake Erie and Western
Earnings report shows weekly changes across railroads
Yesterday’s payments for the third week in June show year over year shifts for lines including Alabama Great Southern Chicago Great Western Great Northern Valley International and Mexican Central Minneapolis and St. Louis Missouri Pacific Sentral Branch New York Ontario and Western Grand Island Southern Railway and others. Amounts like 6.49 and 2.25 and 1 097 appear beside several lines. notes include Toledo St. Louis and Kansas City and Peoria aves an Decreane.
MENTIONED IN THIS ARTICLE
Alabama
Great Southern
Chicago
Great Western
Joeking Valley
Minneapolis
St. Missouri Pacific Sentral
Nuffolk
West
New York
Ontario and Western
Ilo Grande Southern
Hocking Valley
Leis International
Great Northery
Louisville
Nashvilla Steee
Ag ST. Lou
Missoure Pacifiey
Miles Watene
Ontario
Westerl
Norfolk and Western
Pittsburg
Bessemer
Lake Eri
Rio Grande
ST. Joseph
Keesee
ST. Louis
Star
Texas and
Pacific
Toledo
Kansas
Atchison, Topeka
Santa Fes
Tony Gross
Cincinnati
New
Orleans
Texas Pacific
Os Erie
Moe
New York, Susquehanna and Western
Lake Shore
Lake Shore and Company
Inc Slobeess A
Inc
Canada Southern
Canada Southern Railway
Mich
Michigan Central
Ina
Gila Valley
Globe and Northern
Wee Cgerses
Lake Erie and Western
Con Inc
Interest on savings bank accounts in New York banks
The Emigrant Industrial Savings Bank Greenwich Savings Bank American Savings Bank and Citizens Savings Bank will after July 16 pay 3 percent yearly interest on deposits for the six months ended June 3 and the three months ended June 3. Metropolitan Savings Bank will on July 18 pay 4 percent yearly on deposits for the half year ended June 30. Union Dime Savings Institution will after July 19 pay interest at the annual rate. North River Savings Bank will credit depositors on June 8 with the...
MENTIONED IN THIS ARTICLE
Emigrant Industrial Savings Bank
The
Greenwich Savings Bank
American Savings Bank
Citizens’ Savings Bank
Metropolitan Savings Bank
Union Dime Savings Institution
North River Savings Bank
Savings Bank
Seamen's Bank For Savings
Interest Rates for Semiannual Deposits at German and Seamen Banks
The German Savings Bank credits 3 percent per year for six months ended June 30 on deposits up to 3000 dollars. The Seamen's Bank for Savings pays 4 percent yearly on deposits up to 3000 dollars and 2 percent on amounts over 3000 dollars for the six months ended June 30.
Trade in Chicago Wheat Market Slips After Sharp Rally
Wheat prices fell 4 cents from last night trading, with July at 5 cents and then 11 cents after the close, as crop news showed no improvement. Northwest rainfall was scarce and deterioration continued, predicted by Senator Washburn to cap Dakota and Minnesota yields around 50 million bushels.
MENTIONED IN THIS ARTICLE
Chicago
Washburn
Dakotas
Minnesota
Also Mentioned on This Page
Evter Buying
North American
Am Hoop
Tae National Biscuit
Brooklyn
X Ag Tt Resding
Southern Pacific
Southern Ry
Hs Cccé&S L
Censéa South
Texas & Paci
Federal Steel SD
Tenn C & I
Louis & Nas
Whe&lb
Met Street H
Manhattan Mo Pacific Ad Wih
Wabash
Ite
Wis Central Pf
MH &T
AES Se
Mex
Cen 24 Inc
North Pac
Geo
BONDS
Wrmall
Money and Exchange
Ortes Ewecucee
Ichecanrice Wits
Bereseeeresee
Eas Ete Bene Svebebee
Skp
Twerp
France
Reichsmarks
Reichemarts
Burg Reichamerks
Momestic Exchange
New-Orleans
Stock Exchange
American Securities Abroad
Federal Treasury
Consolidated Exchange Sales
Am Steel Hoop
Am Steel & W
Tobacco
Alamo
Balt & Ohio Tis Tits
Brooklyn RT
Dasnos
Thes & Ohio
Chi Bur & Qy “ Ae
Chi Mil & St P
Chi RI & Pac
Comstock
Fee
Justice
Lola
Mollie Gibson
Savage
Syndicate
Hoy Southern P
SIM
Southern Ry Qi
Tenn Coa! & I
Lake Erie
Decreane
Outside Securities
Amalg Copper
el Veh Tr Co
Ag Chem
Bicycle - Man L & H
Markeen Ee
Nat E & & Com
Ea American Chicle
Gramophone
Am Woollen Co
New-Eng el Tr
Arizona Lead
New-Eng Gas Ss
Bay State Gas
Tr Co
Brit Cal Copper
Otis Elevator
Cal
Ee Beesee
Royal Bak
Pen One & Alton
Rub Goods Co
Alr
Cel & E Co
Rub T Co
BA Lest
Ioan Ce
Tel Tel
Empire State
Union Copper
Union Steel & E
Empire Steel
Flem Coal & c
usciPepc
U & Pneu H C
Gen Carriage Co
Ferry Companies
Brooklyn Ferry
Hoboken Ferry
Union Ferry
al Met Ferry
Askea
Equit
Balt Consol
Ind Gas
Buffalo G
Mad
Eng G & Coke
Gas Co
O & Ind
Pitts C
Colum
CH & L
Denver Gas
St Joseph Gas
Nsceeree
St Paul Gas
St Det Inc
Do Consol
Syracuse Gas
Gr Rapids Gas
Western Gas IN &I
Indianap
Capitan
Asea
Atlantic Wheelsere
Ar. J
Amer Sure ‘Greco
Bankers
Ba & Mtg
Brooks Centra
Tenet
Bd & T Co
J. Farmers
L & Tr
Fifth Ave Tr
Franklin
J. Manhattan
Mercantile
J. Morton Neeee
Metropolitan
J. J. Nat'l Suret
North Bar Co
Williamsburg
Walker Brothers
Broadway
Chicago Union Traction
Lake Street
National Biscuit
Cece
Eeene Oi
R. L. Day & Co
At& F
England
Atlanta
Bost & Mont
Bost & “Iteay
Tamarack
Old Colony
Wolverines
Boston el
Union Pac
Arcadian
West End
Wrandotte
Allouez Asans West Elec
Dominion Coal. Ary Av
de Haven & Townsend
Wall St
Amer Ry Co
Penn Steel
Bia
Asph Co
Liz
Penn el Veh Co
Brooklyn Gas
Cambria Steel
Phila Elec Co
Choctaw Ry
Phila Traction
Con Tr of
Phila & Eric
Elec St Bat Co
Piets Con Tr Co
Susque I & Stl
Elec Co of
Tidewater Steel
Elec Auto
UN Cos of
Ms Union Traction
Ins Coot
Lehigh Navy
Welsh Light Co
WILC
Marsden
Welb
North
Penn Rrc
Ind P Ry Co
Union
Phila
Diamond Steel
Colorado Springs
Colorado Springs Mining Stock Exchange
William P. Bonbright & Co
Pinnacle
Magnet Roc
Portland
Pilgrim
Consol
Rose Maud
Rose Nicol
Acacia
Arkenium
Creek Peak
Copper Mountain
Elkton
A. Findley
Isabella
Bay
Lexington
San Francisco
Kentucky
Lady Washington
Hest & Helcher
Ophir
Caledonia
Potosi
Sierra
Nevada
Cal & Va
Stag Gould & Curry
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