Stocks Rise and Bonds Demand Mixed in Markets
Closing prices yesterday show overall stock gains with pockets of strength while bonds remain in fair demand. The report notes net changes from Thursday’s levels across principal active securities and the day’s exchange activity.
Stock Market Ends Higher As Shorts Cover
Stocks show fair demand and close above Thursday figures as shorts cover and foreign buying power a rally. Bonds improve, several previously inactive issues trade, with Baltimore and Ohio leading advances before profit taking. Investors wary as public buying lags. market glides amid mixed signals and political tension.
MENTIONED IN THIS ARTICLE
Shorts
Baltimore
Ohio
Granger
Baltimore and Ohio
Northern Pacific
Southern Pacific
Atchison
Bryan
Republican Party
Wall Street
Nebraska
Sterling Exchange
Paris
Day's Bond Operations Show Firm Market Across Government and Railroad Issues
Market firm for government bonds with quotes for U S 4s 1925 and other issues. Total par value traded reached 1,399,500, led by Atchison, Baltimore and Ohio, Brooklyn Union Elevated Jets, Central of New Jersey, Chesapeake and Ohio, Detroit City Gas and others. Major bonds include Northern Pacific 4s, Reading general 4s, Southern Railway 5s, Union Pacific 4s and Wabash debentures, with varied bid and ask prices in the daily quotations.
MENTIONED IN THIS ARTICLE
U.S
U.S. Ss
S. Semmall
Wit
UWS
Wicou
Atchison and
Baltimore and Ohio
Baltimore and Ohio Southwestern Division
Brooklyn Union
Central of New Jersey
Chesapeake and Ohio
Detroit City Gas
Erie
Mexican Central
Norfolk and Western
Northern Pacific
Reading General
St. Louis Southwestern
St. Louis
Iron Mountain
Southern Railway
Texas and Pacific Ist
Union Pacific
Wabash
American Securities Abroad Market Opens Firmer in London
London June 23 The market for American securities opened firmer on improved overnight prices from Well Street and remained well maintained though business was restricted. At close prices showed a firm tone with listings including Atchison 2 12, Canadian Pacific 91, St Paul 114, Illinois Central 114, Louisville and Nashville 77 12, Asian Pacific preferred 74, New York Central 132, Erie 11 1 2, Pennsylvania 65, Reading 8, Erie first preferred 34, Northern Pacific preferred 72, Grand Trunk 6, Anaconda in various amounts.
MENTIONED IN THIS ARTICLE
London
Well Street
Atchison
Canadian Pacific
St. Paul
Lirceis Central
Louisville and Nashville
Asian Pacific
New York Central
Erie
Pennsylvania
Reading
Erie First
Northern Pacific
Grand Trunk
Bible Adams Express
Albany
American Coal
Amer Cotton Oil
Amer Express
Sit & Wire
Tel & Cable
Amer T
Atchison Il
Ohio
Brunswick
Ches & Ohio
Bur & Oy
Ind & Louis
Iss
Mur & St P
Chic & Northw. Fe
CG Ri&p
Iesite
Clev L. & Wheel
Seereee
Clev & Pitts
C&l
Col & South — Ji
Col & Hock
Com Cable Consol Coal
del & Hudson
del Lack & W
Denv & Rio Gr
Ante
Rmevd
Opal Bo S & Atl
Eighth Ave
Erie Se
el Ge
Evans & T H
Federal Steel
W_& Rio Gr
Gen
Elec Co
Gtorthern Pf
Hocking Valley
Illinois
Iowa
Laclede Gas
LB & Western
Long Island
Louis & Nash
Man Beach
Manhattan el
Street Ry
M&st
Kan’ & al
Missouri Pacific
Mobile & Ohio
Morris & Essex
Nash & Chat
National Steel
Sergi
National Tube
Ch & St L
Lack & W. A
Nias
NH & H
Ont & W
Norfolk & West
Ike
Rens & Sera
Leno
Ren Tron
Estern
L& Sen
As &Ti
Texas & Pac
Eun Ber & P
Union Pacific
T & Flour & M
West Union
Money Rates and Foreign Exchange Report
Money on call at 1 and 2 per cent, ruling rate Mg per cent. Time money 8 per cent for sixty days, 3 3% for three months, 4 per cent for four months, and 4 4% for six months on railroad collateral. Commercial paper 4 4% for three, four and six months for top names. Foreign exchange market firm with actual closing rates listed.
Financial market roundup with global rates and premiums
Banks quote premiums over the counter and par in multiple cities. Exchange volumes and balances listed for New York Philadelphia Boston Baltimore Chicago. Open market discounts in London and Berlin rates, Paris and London exchange levels, and foreign securities prices. Silver and gold premiums across Madrid Lisbon Buenos Aires Rome noted.
MENTIONED IN THIS ARTICLE
Boston
Chicago
St. Louis
Savannah
Charleston
New York
Philadelphia
Baltimore
London
Berlin
Berlin Exchange
Paris Exchange
Paris
Ndon
Madrid
Lisbon
Buenos Ayres
Rome
Sales at the Stock Exchange. Railroads and Other Stocks
Unlisted and miscellaneous railroad shares appear in daily stock listings with prices and fluctuations. The report notes trades across major lines and other listed equities, reflecting market activity and investor interest.
Treasury Money Totals Show Large Balances and Daily Receipts
Washington reports the Treasury held substantial gold coin and bullion plus trust fund and general fund assets. Daily government receipts reach 2.41 million with 0.94 million in expenditures, month to date 46.3 million receipts and 32.7 million expenditures. Sub Treasury shows a weekly gain after net losses and bank balance adjustments.
MENTIONED IN THIS ARTICLE
United States
Ni Weidis
Oeeeeea
Treasury
GEE Nene Greene Wes Cienas Pasonicien Tee E Ween Es Ees Tae
General Fund
Ancie
Sis
Aia Sa Maaan Amsiates
Washington
National Bank
Sub-Treasury
Imports of dry goods at Port of New York
Week ending June 296- 15858, 1999, 1900. Entered at the port. Values show $1,372,142 to $1,682,541 and $1,680,112. Thrown on the market. January 1 entries total $1,308,214,533 with $692,512,820 port categories. Additional figures include $48,726,629 to $83,633,810 entered at the port and $46,468,603 to $63,066,469 thrown on the market.
MENTIONED IN THIS ARTICLE
New York
Wall Street closes firm as market holds steady
Market closed firm with Standard Oil at 518 622 and 615 526 on Thursday. Notable quotes include Havana Commercial, Baking Powder, Bay State Gas, Markeen Copper, Amalgamated Copper, Amsterdam Gas, Rubber Goods, Distilling of America, and storage and transport equities. Lackawanna Railroad declares 1% quarterly dividend. Silver exports total 129000 ounces via United Metal Selling Company. London buys local stocks. arbitrage houses traded about 10000 shares. Loan quotes listed for several rail and utility issues.
MENTIONED IN THIS ARTICLE
Standard Oil
Havana
Bay State
Markeen
Amalgamated
Amsterdam
America
New- York
Lackawanna
Delaware, Lackawanna and Western Railroad
Europe
United Metal Selling Company
London
Baltimore and Ohio
Atchison Common
Chicago
Burlington and Quincy
Third Avenue
Amer
Agricultural Chew
Agricultural Ch. P
American Bicycle
American Book Co
American Hide & Leather
Hide & Leather
Seeeseee
American Thread Co
American Woollens
N.o
American Graphophone
Press Association American Graphophone
Arizona
Barney & S
British Columbia
Wee
Fp&aa Fen. & So
Ches. & Pot
Chesebrough
H. B
Ioral
Eece - Distilling &. of America
Distilling Co Co
Weve
Electric Vehicle Co
Empire & Bay St
Empire Steel
Flemington Coal & General Carriage
General Chemical
Generals Chemical
Herring—Hall-Marvin
Herring-Hall
Marvin
Eeccces
Hoboken Ferry
Hoboken Land & Imp
Hudson River
International Pump International Pump
Tees
National Gram Hone
National Wallaper Oo
New-England Trans
Y. & E. R. Ferry
N. J. Teleseeee
el. Veh. & Trans. Co
Teleg, Telephone & Cable
Tennessee Copper Seseees
Trenton Potteries
Trow
New
U S
Union Ferry Seneccasies
Union Switch & Signal
Union Switch & Signal Pt
Union Steel & Chain
Union Typewriter
A&oo
Wall Street Securities and Corporate Notices 1900
Stockholders deposit majority of Distilling Company assets with Mercantile Trust to enable a five year voting trust under trustees Belmont Cadwalader Coolidge Harrity and Krech. Financing arrangements include an independent audit by Audit Company New York and ongoing financing as needed.
MENTIONED IN THIS ARTICLE
Northwestern
Continental Tobacco
Western Union
Jersey Central
Reading First
Atchison
Northern Pacific
Sugar Refining
Federal Steel
American Steel and Wire
People’s Gas
Consolidated Gas
General Electric
New York Central
Rock Island
St. Paul
Union Pacific
American Tobacco
Manhattan
Pennsylvania
Delaware and Hudson
Tennessee Coal and Iron
Southern Railway
Louisville and Nashville
Brooklyn
National Steel
National Tube
Distilling Company OF America
Mercantile Trust Company
August Belmont
John L. Cadwalader
T. Jefferson Coolidge, Jr
William F. Harrity
Alvin W. Krech
Audit Company
New York
Long Island
Charles Minzesheimer & Co
Long Island Railroad Company
Pennsylvania Railroad System
John B. Stetson Company
Continental Trust Company
Toledo, St. Louis and Kansas City Railroad Company
United States Cast Iron Pipe Foundry Company
Samuel Thomas
Colgate Hoyt
A. C. Overholt
George B. Hayes
George J. Long
A. H. McNeal
E. C. Fuller
John R. Walsh
A. N. Brady
B. F. Overholt
A. F. Callahan
C. E. Burke
A. Howard Hinkle
Buyers and Sellers in Yesterday's Market Activity
Principal buyers and sellers included H G Campbell selling St Paul and J R Williston buying and selling positions. London acquired Baltimore and Ohio while Halle Stieglitz bought Metropolitan Street Railway. John Muir Co purchased 1500 Southern Pacific and 2500 total. Post Flagg bought 1000 wire and 1000 Federal Steel. Brooklyn Rapid Transit trades scattered as selling continued. Halle Stieglitz sold Chicago Burlington and Quincy. Northern Pacific was bought by J M Shaw Co for 4000.
MENTIONED IN THIS ARTICLE
H. G. Campbell
St. Paul
London
Baltimore and Ohio
Halle & Stieglitz
Metropolitan Street Railway
L. W. Wormser
John Muir & Co
Southern Pacific
Reading
J. R. Williston & Co
J. H. Sulzbacher & Co
Manhattan Railway
Post & Flagg
J. & S. Wormser
H. Clews & Co
Brooklyn Rapid Transit
J. Kirkner
Walsh, Tatler & Co
Federal Steel
Brooklyn
I. F. Mead & Co
Cammann & Co
BE. Sweet & Co
Clark, Dodge & Co
W. R. Scheftel
Anaconda
J.S. Bache & Co
Wormser
Schuyler
American Tobacco
Mendham Brothers
Chicago, Burlington & Quincy
J. M. Shaw & Co
Northern Pacific
Banks tally weekly cash movement with big loss cited
The week shows banks losing upward of 500000 in cash holdings though the statement may not reflect this. A large end of week gain will appear next week due to the government bond interest checks. Interior movement totals and interbank transfers are noted along with small external receipts and San Francisco minimal inflows.
MENTIONED IN THIS ARTICLE
Interior
Express
Sub-Treasury
San Francisco
Canada
Denver and Rio Grande Shows Earnings Rise Amid Rising Costs
Denver and Rio Grande reports May earnings with net up $25,114 as operating costs rise by $37,005. Surplus after charges stands at $84,315, up from $76,547 last year. Eleven months show net earnings of $5,529.74 and fixed charges totaling $2,167,509. Surplus after all deductions reached $724,245 versus $629,530 in 1899. year end expected surplus above $800,000.
MENTIONED IN THIS ARTICLE
Denver
Rio Grande
New Railroad Mileage Leads in Six Months of 1900
The Railroad Gazette reports about 2025 miles of new U S railroad completed in the first half of 1900 across 190 lines, with Texas at 164 miles and Chicago and Northwestern leading among companies with 156 miles. The six month total trails last year by 850 miles, and the full year could exceed 7500 miles though figures are preliminary. The South and West show the strongest expansion, with Gulf and Ship Island noting 72 miles and Atchison 54 miles among notable builders.
MENTIONED IN THIS ARTICLE
United States
Texas
Iowa
Mississippi
Georgia
California
Pennsylvania
South Carolina
Oklahoma
Minnesota
Arkansas
Chicago and Northwestern
Southern Pacific
Chicago, Burlington and Quincy
Seaboard Air Line
Gulf and Ship Island
Chicago
Rock Island and Pacific
Atchison, Topeka and Santa Fe
Northern Pacific
Atchison
Pacific Coast
Gulf
Ship Island
Pennsylvania Lines Branches and Spurs Divided Among 27
State of Pennsylvania allocates the 103 miles to twenty seven branches and spurs, most run by old companies, detailing how the mileage is distributed across the network.
MENTIONED IN THIS ARTICLE
Pennsylvania
International Paper Report Signals Strong Outlook
International Paper common traded firm amid light volume while buying acted with excellent character. A company director expressed satisfaction with conditions, noting the forthcoming annual report would speak for itself and be more conclusive than any preface by officers.
Grain Exports For Week Match Wheat And Corn Totals
Bradstreet's reports weekly exports of wheat at 3,184,144 bushels and corn at 4,000,654 bushels. Wheat exports since July 1 total 199,454,306 bushels, vs 225,038,670 last year, while corn exports since July 1 total 202,769,574 bushels, up from 170,780,274 a year ago.
MENTIONED IN THIS ARTICLE
Bradstreet
May Net Reports Show Varied Railroad Earnings Shifts
Northern Pacific records a May net rise of 265 421 over last May, lifting total July 1 gain to 1 909 340. Denver and Rio Grande post 25 113 and 121 420 gains for the year to date. Southern Pacific reports a gross gain of 130 752 but a monthly net loss of 167 720, with a July 1 net increase of 2 451 065. Alabama Great Southern up 17 418, Canadian Pacific 46 911, Minneapolis and St Louis 9 248.
MENTIONED IN THIS ARTICLE
Northern Pacific
Denver and
Rio Grande
Southern Pacific
Alabama
Great Southern
Canadian Pacific
Minneapolis
St. Louis
Kansas City
Fort Scott
Memphis
Birmingham
New York
Pennsylvania
Miles Leeee
Adies
Ewcee
Inc
SLES
Oper. Inc
Miscel. Inc
Net Inc
Dee
Inc. Se
A’ Inc
Aanna
Denver
Inc. Ross
Weeee
Securi
Weeeeeneee Cores 136 Inc
Coreas
Ewan Gecesesesas
Pere Marquette
Inc. Sat
Eis
Eac
Peeacceseaee
Chatautqu
Jamestown
New
York
Ottawa
The Trade in Chicago Prices Sink Then Rally
Chicago markets showed a further price drop early today with July at 7c and September at sic after a weak closing from Thursday. Lower Liverpool cables and Argentine shipments pressured sheets while late trading sparked a rally, closing modestly above Thursday.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Mae
Also Mentioned on This Page
North Ee
Nor West
North American
Hoopee
Aneconda
Brooklyon RT
Nea Peo Gas
Ealt & Ohio
Pacific Mail
Penn
CRI & Pac
Republic Steel
Jos
Chic Bur & Qy
Gt West
Ath
Chesnio
Southern Ry
J &Gs
Mo Pacifi
Wheel & LE
Menhart
E West UT
MK & T
Cen Ist Inc
Oadj
Nor & West
North Pac
L& IM
Bkisr
UEF
Tex & Pac
Sallie
Ches
Wabash D Bs
American Securities Abroad
Money and Exchange
Guilders Selchamasice
Eee
Bas
Antwerp
Frankfort
Hamburg
New Orleans
Ic. Telegraph
Cincinnati
THE
Stock Exchange
Ise Cent Ist
M & St L
MK & E
MK &T
A& NW Ow
ORR & D
M& Spc
Sc V & N
C&g
West
F & PM
W & DC
Federal Treasury
Total
Consolidated Exchange Sales
Ing
Steel & W
Alamo T's
Con Cal & Va
Cosmos of
Croesus
Loulsvy & Nash
Public Steel
Hern Roe
Xas Pacific
Bush
Augusta
Wall Street and Exchanges
International Paper
MAY Net
Frederic H. Hatch
Acker, Merrall & Condit
Barney & 5
Caference
Me&n
International
J&d
Iron
Steamboat
J&j
Madison Square Garden
Metropolitan Forest
M&n
N. J. Steamboat
N. Y
N. x
Gam
Richmond
S. S. Rapid Transit
Aé&O
Swift & Co
Ja&j
Texas & Pacific A&oo
Union Ferry
M&n T S
U. S. Flour Milling
New-York
NY & E
Balt Consol
Ind
Buffalo
Chegl&f Chic
N Eng G & Coke
Exew G Con
Lo & I
Gas Co
Beeinwas
CPG
O & Ind Gas
Colum Gas
Pitta C Gas
R. L. Day & Co
Walker Brothers
Broadway
Igh
Cosy
de Haven & Townsend
Wallkey
Am Ry Co
Penn R R Co
Penn Steel
Brooklyn Gas
Cambria Steel
En Co
Ry Co
Choctaw Ry
Phila Pilec Co
Phila Traction
Wels
North Penn
Union Trac
Colorado Springs
Colorado Ing Stock Exchange
William P. Bonbright & Co
Alamo Dandeens
Pinnacle Portland
Touraine
Acacia
Battle Mountain
Col City & Man
Damon Copper Mountain
Elkton
Garfield
Ingham Con
Isabela
Lexington
Mount Osa