Stock Values Higher Amid Light Trading and Coal Strike Impact
Market notes report stock values higher while trading remains light. Investors weigh earnings reports and the coal strike’s potential effects on bonds and money markets.
Market Summary Sees Mixed Rail and Coal Sector Strength
Trading remained dull with 294984 shares, led by St Paul and Missouri Pacific. Western rails like Atchison and Hook Island showed strength while Western Union slid on Penn. Riffs. coal stocks held up amid strike fears. Iron and steel orders rise, with rail and equipment demand cited for 1903, signaling potentially better railroad earnings.
MENTIONED IN THIS ARTICLE
St. Paul
Missouri Pacific
Reading
Union Pacific
Atchison
Manhattan
St Paul
Gates Pool
Northwest
Hook Island
Gould
Western Union
Pennsylvania Railroad
Western Union Cayl
Pennsylvania
Busit Ss
Amalgamated
American Car and Foundry
Detroit
Erie
Ontario
Western
Iron and Steel
Government and Railroad Bonds Market Summary
Market steady for government bonds with final bids and asks listed. Railroad bonds show strong activity with total par sales about 8.1 million, led by Atchison general 4s Central of Georgia issues Chicago Burlington and Quincy 4s and other large offerings. Other active issues include Mexican Central first incomes Missouri Kansas and Texas second 4s and Union Pacific first and convertible 4s.
MENTIONED IN THIS ARTICLE
U.S
Atchison General
Central of Georgia
Chicago
Burlington and Quincy
Mexican Central
Missouri, Kansas and Texas
Reading
Southern Railway
Union Pacific
Wisconsin Central
Colorado
Fuel and Iron
Consolidated Tobacco Is
Bank of France weekly return shows mixed changes
Paris reporting shows notes in circulation declined 250 6 percent francs treasury accounts stand at 37 725 000 francs gold on hand up 425 106 francs bills discounted up 108 275 francs and silver in hand up 1 650 600 francs. Berlin figures indicate cash in hand up 17 020 900 marks treasury notes up 18? marks other securities down 3 640 00 marks and notes in circulation up 16 980 00 marks.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Treasury
Berlin
Imperial Bank of Germany
Treasury balance report from Washington June 2
The Treasury's early business report shows reserve fund gold coin and bullion at 150,000,000 and trust funds redemption divisions with gold coin and silver dollars. It lists issue division gold certificates 346,150,089, silver certificates 5, etc, and total assets across gold and silver holdings, notes, and other assets. Available cash balance stands at 204,108,718.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Reserve Fund
Golé
Coe Sn
Bilwer
United States
Stock Exchange Sales Report Amid Mixed Bond Listings
The report notes various bond trades and listings with yields around 102 percent and 94 percent, mentioning CB Q Deb Ss, 4s, and Col F I Connt DS. Securities are described with terms like unlisted, joint 4s, and Gen Det South 4s, reflecting a fragmented slate of issue notes and percent quotes amid a fluctuating market.
MENTIONED IN THIS ARTICLE
Tyrene
D&s
Joven M
Smil
Ou Adams
Pirus
Pac Trust
N & St
Sa& A
V& N
Ean Sea A. L
M&o
Tee
Ao Inc
Tex & Pac
Union
Inc
R& F
FS & M
Kan
Noo Kings Co
L& N Uni
Money rates in money market report
Money on call opened at 3 percent, reached 3 percent high, 2 1/2 percent low, last loan at 2 1/2 percent, closed at 2 3/4 percent, ruling rate 3 percent. Time money quoted at 4 1/2 to 4 4/5 percent.
Financial Markets Report Notes Rates and Currencies
Domestic and foreign money markets show varied rates. Commercial paper 4 to 4 5 per cent for short terms, exchange rates firm with sterling around 4.56 to 4.58, frank and reichsmark quotes, and bank clearings logged in New York and other cities. Government receipts and Sub-Treasury figures listed for the day.
MENTIONED IN THIS ARTICLE
Cables
Sight
Nova Sterling
Reichsmark
Paris
Belgium
Switzerland
Germany
Reichsmarks
New Orleans
San Francisco
Boston
Charleston
Cincinnati
St. Louis
Savannah
ANK Clearings
New York — Exchange
Chicago—Exchange
Philadelphia
Baltimore
London
Berlin
Berlin Exchange
Paris Exchange
London Stock Exchange
National Bank
Sub-Treasury
Wall Street and Exchanges Foreign Trading Headlines
Arbitrage houses had no orders in the local market due to the London holiday. Loan quotations included Amalgamated Copper, Anaconda, American Ice, Atchison common and preferred, Brooklyn Rapid Transit, Baltimore and Ohio common among others.
MENTIONED IN THIS ARTICLE
London
Amalgamated Copper
Anaconda
American Ice
Atchison Common
Atchison Preferred
Brooklyn Rapid Transit
Baltimore and Ohio
American Car and Foundry appoints new directors in Jersey City
At the annual meeting of American Car and Foundry Company in Jersey City new directors W G Oakman H R Du Val Thomas H West and Adolphus Busch were elected to fill vacancies. W K Bixby said the company could place common stock on a 3 percent basis by November with potential $3 million extra working capital bringing total to $15 million. The firm sold much of its securities for about $500000 profit and car output last year reached 64140 units. Miscellaneous product sales rose by $1 million and the May 31 quarterly earnings are expected above $2 million. Regular quarterly dividends were declared.
MENTIONED IN THIS ARTICLE
Chicago
Canadian Pacific
Delaware and Hudson
Erie
Erie First
Erie Second
Louisville and Nashville
Manhattan
Missouri Pacific
New York Central
Northwestern
Metropolitan Street Railway
People’s Gas
Reading First
Republic Steel
Rock Island
St. Paul
Southern Railway
Southern Pacific
Sugar
Tennessee Coal and Iron
Union Pacific
United States Steel
United States Leather
Wabash
Western Union
American Car and Foundry Company
Jersey City
W. G. Oakman
H. R. du Val
New York
Thomas H. West
Adolphus Busch
St. Louis
C. R. Woodin
F. E. Canda
George Hargreaves
Lewis J. Cox
American Grass Twine Company
Robert E. Tod
Jacob Rubino
Herbert Myrick
Springfield
Brooklyn
Canada
American Sugar Refining Company
Distilling Company of America
Ferie
Erie Railroad
Boston
Amalgamated Copper Company
Colorado Springs Mining Stocks Closing Quotations
Colorado Springs mining stock quotes close today on the Colorado Springs Mining Stock Exchange via the Counselman and Day private wire from William P. Bonbright & Co. of Colorado Springs.
MENTIONED IN THIS ARTICLE
Colorado Springs Mining Stock Exchange
Counselman & Day
William P. Bonbright & Co
Colorado Springs
Outside Securities Hold Steady Amid Light Activity
The market for outside securities showed only moderate activity with Bay State Gas and Northern Securities most traded. Northern Securities reached 104, while Bay State Gas moved 2 to 2 1/2 percent. Copper shares firmed with Union at 4 and United Copper at 34 percent. Greene edged to 29. American Can traded around 124 for the common and 54 for the preferred. United States Steel 5s drawn inquiry near 9 percent. American Hide and Leather and General Carriage saw modest action as the session closed quiet and steady.
MENTIONED IN THIS ARTICLE
Frederic H. Hatch
American Book Co
Amer Soda
Amer
Barney Ss
Bay State Gas
Bordens
British Columbia
F&a
Ches, & Pot
Chesebrough
Claflin
H. B
Claf
F&a Bu
Denver Tramway
Dominion Securities
Electric Vehicle Co
Fiectro
Empire Steel
Roy Empire Steel
Flemington Coal & Ee General Carriage
Am Hall
Hackensck Meadows
Havana
Aoty Hall
Marvin
Herring Hall
Hoboken I
Hoboken Land & Imp
Hudson River
International Banking
B. Etson
J & J Lorillard
Madison Square Garden
Markeen Copper Mergenthaler Linotype Vv
National Enamel & Stamp
Lis
Naal Enamel
NG &c
So N Loan & Imp
Northern Counties
Tis
Otisevator
Old Dominion S
Pitts Tess &Wee Planters
Pratt & Whitney Pf
New
Procter & Gamble
Procter & Gambie
Saarinen
Seaboard Air Line
Board Air Line
Immons Hardware
Simmons Hardware
Star Mfl Co
Westinghouse
Worthington
Northern Securities
Union
United Copper
Greene
United States Steel
Guaranteed Stocks Quotations by Joseph Walker & Sons
Quotations furnished by Joseph Walker and Sons of Broad Street provide price data on guaranteed stocks.
MENTIONED IN THIS ARTICLE
Joseph Walker & Sons
Trade in Chicago June futures market report
Chicago June futures closed lower than September and December amid speculative selling. Trade details note 1,000 bushels bought through brokers, with July and December showing premium shifts. Weather unsettled in districts, primary receipts at 499,000 bushels, with corn, oats, and wheat showing varied demand and prices.
MENTIONED IN THIS ARTICLE
Chicago
Hart Cember
al Aay
Paris
éTge
Harris-Gates Bulls
Who
ris-Gates
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Jamal Copper
Mk&t
Amc
Il Lizst
Nash
Mies Aff Central
Ly Ort & Wes
Pacific Mail
Penn
St&gi
Texas & Pacific
Pweinn
Ces Fuller IU S Leather
US Steel
Central
Iowa Center
Ity Am
Louis
West Aan
Ssa
Met Street
Issouri Pac
Wis Central
Amarte
South Ry
R & T Inc
iUnion Pac
CF &T
Col & So
THE
BONDS
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Neil
Poe Ae
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Lim
del & Hudson
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Deny
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Rie
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ITM
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Stock Exchange Tost
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Elec
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N A
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