Sharp Rise in Stocks and Market Conditions Reported
Closing stock prices show large gains and losses across major issues led by Amalgamated Copper and Mexican Central with varied percent changes. Key bond activity includes U S Steel and Pacific Coast lines with noted government receipts and silver and gold market quotes, plus bank clearings and Madrid gold premium figures.
MENTIONED IN THIS ARTICLE
Amal Copper
Ag Chem
Mexican Central
Im & St L
C & Féry
MSP
Grass Tw
Missouri Pa + Am Ice Sec
Nat Biscuit
Nat Lead
Am Mail Corps
Newhouse Sabes
Ars
Air Eee
Central
North West
North American
Northern Pac
Pacific Coast
Aitchison
Pacific Mail
Penn Railroad
Coast Line
Ealt & Ohio
Rep Iron & Su
Rock Island
Khista
Southern
Pac
Ae C& I
Sj Tenn
PDM & Rt
Mn Chemical
Usa¢E Ref
N Electric
Gt North
U S
U S Steel
Utah
Illinois
Iowa
Kan City
Laay
Stock markets surge on President rate plan rumor
The market rose sharply after noon on reports of a railroad freight rate plan and a Union Pacific asset segregation scheme. Big gains in Union Pacific Reading Southern Pacific St Paul and United States Steel followed by profit taking, while Washington denial and Roosevelt investigation issues shaped sentiment without derailing the day’s advances. The session saw about 950000 shares traded, the largest since late January, with officials signaling possible reforms to curb stock gambling through a government inquiry.
MENTIONED IN THIS ARTICLE
Union Pacific
Shorts
Reading
Southern Pacific
St. Paul
United States Steel Common
Preferred
Commission House
Washington
Roosevelt
Commissioner of Corporations
New York Stock Exchange
Money and Exchange Money Market Summary
Money on call opened at 2 percent, closing at 1.02 percent with a steady earning pattern. Time money showed active rates from 2.44 percent for sixty days to 5.55 percent for one year, mercantile paper flowing into the market. Foreign exchange opened steady with cables near 4.97 and demand sterling around 4.86, while other currencies moved and rates eased after the opening. bankers posted varied sixty-day and sight rates amid dull business.
MENTIONED IN THIS ARTICLE
Mercantile Paper
Germany
Reicherourke
Paris
Boston
Chicago
St. Louis
Trading Roundup and Dividends in Early Markets
London stocks showed net selling with Union Pacific purchases offsetting bigger sales as Amalgamated Copper led declines. Dividends were declared by American Type Founders, American Iron and Steel, Rural Baking Powder, and Union Switch and Signal. Taft named Speyer & Co as a Philippine funds depository. total depositories hold 10 million dollars, set to shrink as obligations mature. Nevada Consolidated Copper saw strong bond demand, while Interstate Mortgage Debenture plans dissolution. Iron and steel notes indicate mixed sentiment with forecasts of rate moves and modest domestic activity. foreign orders bolster the sector as relisted buying remains limited.
MENTIONED IN THIS ARTICLE
Adams Express
Amer
Amer Cotton
Asee
Amer Dist
Amer Express
Amer Hide & L
Coe
SK Aner Simmel
Amer Tel
Batopilas Mn
Eait & Ohio
Bethlehem
Bkiyn
Bklyn N Gas
Brunswick Ee
Buffalo R & P
Butterie Co Tanada Sechern
Nadian Pacific
Central Ee
Central of
Chie
Elli
Ind & L
Aneo
Chi
CC & St L
Cleve
Cleve & Pitts
Col Fuel & Iron
cCol
del & Hudson
Denver & Ee c
Detroit
Ails Wim
Evans & TH
Federal M&s
Gen’ Chem Co
Gen Electric Co
Havana
Elec R . Do
Illinois Central
Kansas City
Keokuk & D
Liu
Lake E& W
Mag Mackay
Manhattan
Min & Louis
Kan
Texas
Missort Pacific
Bigay
Ob Nas & Chatt
Natl Biscuit
Central Us
York Bock
Njit
Perth
S&s
Pitture
Surit Es
Ey Sa
Tle
I& St
Boston
Wat & Og
Ariz Smelting
L&ss Estates
Daly Estate
Domint
Douglas
Florence Owewe
Souths
Sopranetit & Pacific
Greene-Canatea
Rys
King Edwardt
Twin City
Mexico
E& M
Thoras
Mines Co
Ain Tae
Nion Pacific
Kinley
Montezuma
United
Nevada
Evada Smelting
Utah
Scipé
Nipissing Mines
North Bute
Brel
Red Hill
Trethener
Union Mines
Andalia
United Rico
Cloud M& M
Wabasha
Stets
Wells Fargo
West Maryland
Stet
West Union Tel
Amby
Westinghouse
Wheeling & LE
London
Union Pacific
American Type Founders Company
American Iron and Steel Company
Rural Baking Powder Company
Union Switch and Signal Company
Taft
Banking House of Speyer
New York
United States
American Tobacco Board
American Tobacco Company
B. N. Duke
Thomas B. Yuille
C. E. Halliwell
Iron Trade Review
Outside SecuritiesRise in Nevada Copper Shares Brightens Market
The outside securities market reflected stock gains with broader trading and a firm general zone. Nevada Consolidated stock and bonds led the gains, Cumberland-Ely rose, and copper stocks overall were firm with small advances in Greene-Cananea Boston Tri-Burton and Douglas. Guggenheim Exploration traded for the first time in a week and gained 15 points while Manhattan Transfer rose 34. Standard Oil weakened about points and gold and silver shares recovered. Rends Were firm.
MENTIONED IN THIS ARTICLE
Nevada
Nevada Consolidated
Cumberland-Ely
Greene-Cananea
Boston
Tri-Buliion
Douglas
Guggenheim Exploration
Manhattan Transit
Financial market roundup and cross-Atlantic rates
London and New York closing equivalents noted with foreign money market updates. UK and Paris discount rates, Berlin exchange and Paris francs show shifts, while British consols and French rentes trade with varied centime values. Multiple rail and steel stocks cited alongside US rail names.
MENTIONED IN THIS ARTICLE
London
New York
Archivor
St Paul
His Central
Louis & Nash
Cail
Berlin
Paris
Rene
Also Mentioned on This Page
Guaranty Trust Company of
Nassau Street
Lombard St
E.C
Michael M
van Beuren
Mulford
Martin Richard M
Jesup
Wall Street
Metropolitan
Bowery Bank
Produce Exchange Bank
National Butchers & Drovers’ Bank
Clinton Gilbert
Wall ST
John B Var
Texas Company
Standard Milling
Babcock & Wilcox
Trust CO. OF America
Chase Nat. Bank
Frederic H. Hatch
Bread Street
Montezuma Mines Inc
W.K. Glare & Son
Fred
N. Y
Broad ST
Broad
Micmac
umberland-Ely
Mertorities
Dan
Cumberland
ELY Nevada Consolidated
J. Thomas Reinekardt
Ares
Servicim Ea
Communipan
Jersey City, N
Parabie
Morris H. Smith
Treasu
Mergtntraler Linotype Company
J. Warburton
Hicago
Milwaukee & ST. PF Company
Broastwar
etGickholders
Com
New You
Qewell Miller
US Railway
American
Fifth Avenue
New
American Snuff Company
FE. D. Christian, Secy. and Treasure Company
Amrelrican Telephone and Telegraph Com
WM. R. Driver
American Can Company
Is Company
R. H. Ismon
Jefferson & Clearfield Coal & Iron Co
Guaranty Trust Company of New York
Garranty Trust Company of New York
Jefferson & Clearfield Coal & Trence
H. Clune
New Orleans
Cincinnati
Savannah
Baltimore
Philadelphia
Madrid
Lisbon
Mexican Exchange
Sub-Treasury
Clearing House
Japan
Dawa
Ss & M
Elev
Pac Trust
BORO
Nort & W
Sonny Ree
M& St
Do&t
Tex & Pac
Tenne Erie
Wits
Hid
Panama Canal
Nevada Consolidated Copper Company
Interstate Mortgage Debenture Company
United States Realty and Improvement Company
Rock Island & Pacific Railway Company
Messrs. Sperer & Co
Arkansas & Louisiang R. R. Co
Avai
Norge
Messrs. Speyer & CO
Pine Street
Chicago, Rock Island & Pacific Railway Company
Geo. T. Boggs
Ass’t Treas
Chicago, Rock Islang 4 Pacific Railway Company
Speyer & CO
State St. Boston
State OF New York
New York City
WM. A. Read & CO
Bankers
East German St
la Salle
New York State
Kountze Bros
Broadway
Outside Securities
Industrial
Bay State Gas
Ehlee
Manhattan Tran
Bowling Green Trust Co
Edwin Gould
William H. Taylor
Chas. P. Armstrong
John A. Hilton
3D V.pres. & Treas
William M. Laws
Charles P. Armst
Frank Brainard
Harry Bronner
Franklin Q. Brown
Robert C. Clowry
Edmund C. Conver
Wm. Nelson Croniw
P. C. Costello
Grenville M. D. A. Goepel
Frank J. Gould
George J. Gould
Myron T. Herrick
Edward T. Jeffery
Winslow S. Pierrs
Morton F. Plantell
Dick S. Ramsay
Frederick B. Schenck
Andrew Squire
John P. Truesdell
E. F. C. Young
Metropolitan Street Railway Company General Mortgage and Collateral Trust
Guarany Trust Company
Circuit Court of the States
Naesar Street
Alexander J. Remphile
Donald MacKay
Edward H Ladd, JR
William P. Dixon
Henry Evans
Tohn
Spooner
Er.c Newton
Nassau St
the Trust Company OF
Amerige
Gresham St
Loné
American Securities Abroad
Charles D. Barney & Co
Lehigh Val
Marsden
Phila Co
Cambria Steel
Klee Co
Penn Steel Co
Tairmount Trax
Phila Elec
Phila
U Ins Co
Lake Sup Corp
Union Traction
Welsdach
Lehigh Nav
Lee
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