Stocks Hedge Losses As Market Recovers Early
Trading ends with stocks advancing after early losses as total shares traded reach 885 721 for the day versus 554 322 previously. For the period January 1 to May 2 the market logged 73 655 452 shares, with smaller lots noted and a broader 102 834 shares reported for the same span.
Financial affairs stock irregularities spark cautious trading
A volatile five hour session closed with minor gains in active stocks as traders covered shorts amid a mixed outlook. Missouri Pacific and Brooklyn Rapid Transit bucked the trend with sharp declines while rumors about Gould properties lingered, and gold exports topped 37 million dollars as European demand and currency shifts shape market expectations.
MENTIONED IN THIS ARTICLE
Shorts
Brooklyn Rapid Transit
Missouri Pacific
Gould
Wall Street
Europe
New York
Germany
Berlin
Paris
Bank of France
St. Petersburg
Washington
Money and Exchange Market Report Summary
The Money Market opened with call money at 1 percent, last loan 14 percent, and stable exchange rates with cables around 4.8735 to 4.8745. Timed money offered for sixty to ninety days at 2 1/2 to 3 1/2 percent, with mercantile papers active. Domestic and foreign exchange rates fluctuated, with remittance demand morning heavy and afternoon lighter. Bank clearings show New York at 279,546,535 with balances 11,387,850. other cities report varied exchanges and balances. Government receipts show daily flow of 1,639,534 against expenditures of 1,990,000. Sub-Treasury shows a net debtor position to the Clearing House of 1,539,349.
MENTIONED IN THIS ARTICLE
London
Germany
Reichsmarks
Paris
Belgium
Switzerland
Holland
New York
Chicago
Baltimore
Boston
Philadelphia
Outside Securities Market Drift Dampened by Apathy
The outside securities session opened with unchanged prices that drifted fractionally lower amid apathy and light demand. Tidewater rose modestly while Standard Oil fell about two points. Chicago Subway declined with mining shares like Butte Coalition Cumberland-Ely and Nevada Consolidated slipping. Goldfield Consolidated traded heavy as Daisy fell, while Greene-Cananea eased and United Copper slipped. Dominion Copper held firmer.
MENTIONED IN THIS ARTICLE
Tidewater
Chicago Subway
Boston
S. Butte Coalition
Cumberland-Ely
Nevada Consolidated
Goldfield Consolidated
Daisy
Greene-Cananea
United Copper
Dominion Copper
Bay State Gas
Ins F
Manhat Secur
Manhat
Transport’n
Tarama Cement
Ing
Chicago
Subway
Alaska Mines
Atlanta Goldfield
Balaklala
FOO
Tinston Cop
Brit Col
Butte Coalition
Butte & N
Cobalt Central
Sol Ariz Smelt
Combina
Foo Cum-Ely
Davis
Daly
Demin
Ely Witch
Nat
Florence
Ur Creek Cp
Bta
Giroux
Gold Hill
Oldfield Daisy
Miami
Aed MO Mines Co
McKin-Dar
Montgom
T's Zoo
New-Utah
Joo Nipissing Mines
North Butte
Penn Wyom
Stewart
Superior & Pirts Us
Union Mines
Yukon Gold Mines
Iron Trade Conditions Push Pig Iron Prices Across Regions
The Iron Age reports a deadlock break by a Southern interest, boosting No. 2 foundry iron at Birmingham to 1150, with Tidewater and New England markets following. The Iron Trade Review notes intense activity, broad inquiry, and rising orders from large buyers and many smaller consumers, amid mixed forecasts on actual demand.
MENTIONED IN THIS ARTICLE
Birmingham
Tidewater Markets
New Feneland
Central West
Tidewater
New England
Iron Trade Review
Dulhes
Securities at Auction At Exchange Salesroom
Securities were sold at auction by Adria Muller & Son for Fercoter and other bidders at the Exchange Salesroom. Listings include Commonwealth Trust of New York 150 shares, American Telegraph and Cable 4 shares, Interborough Realty 86 shares, Santa Fe railway bonds, Pocahontas Company shares, and Colorado Springs & Cripple Creek Railway mortgage bonds. Several 3 percent and 5 percent bonds and various corporate issues are noted with quantities and issuers.
MENTIONED IN THIS ARTICLE
Pia
Kansas
Southern
Allis-Chalmers Co Oe
Louisville
Mackay Co
Amalgamated Copper
Am. Agr. Chem
Manhattan
Ill
Am. Car & Foundrey
S. St
Kan
Texas
Aececeree
American Ice Sec
Missouri Pacific
Nashville & Chattanooga
Baie
Moe
National Biscuit
National R. A
Newhouse M. & Eee
Am. Tel
Tel Lees
American Tobacco
York Central
M. Y Chic & St
American Woollen Pr
Ont
Atchison
Norfolk & Western
Atchison Pr
North American
Atlantic Coast
Northern Pacific
Baltimore & Ohio
Baltimore & Ohio Pr
Pacific Coast
Batopilas Mining
Pacific Mail
Biz
Bethlehem Steel
Brooklyn
Pennsylvania Railroad
Canada Pacific
Central of New Jersey
Chesapeake & Ohio
Ates
Republic Iron & Steel
Chicago & Alton
Chicago Great West
Rock Island
Chic. M
St. Petts
Chic
Jst. L
S. W
Chicago & Northwestern
Sloss-Sheff. Stee
Chicago Union Trac
Southern Pacific
Southern Pacific Pr
Colorado Fuel & Iron
Southern Railroad
Colorado & Southern
Southern Railroad Pr
Colt. & Southern Ist
Tennessee Copper
Col. & Hocking Coal & I
Texas & Pacific
Ae Consolidated Gas
Texas & Pacific Ld
Third Avenue Railroad
Toledo Railways & Lighte
Comstock Tunnel
St. L. & West
Delaware & Hudson
Union Bag & Paper
Denver & Rio Grande
Union Pacific
P. c
Erie
Ss. Steel Bi
Great Ifs. Ag Ag Bsty
Ss. Steel
Great Northern
Hocking Valley
Il Veah
Ccem
Illinois Central Illinois Central
Wabash R.eessecoos
Interborough-Metropolitan Htan
Western Union Telegraph
Interborough-Metropolen Wes
Lly
Westinghouse
Westinghouse Mfg
Fitz Ifily
Wheeling & LL. E
Iowa Central
Kansas City & Southern
Iowa Central Railway
the Mercantile Trust Company
Broadway
New York City
F. &. Davis
London
Americ
Stock Exchange
Brionsets
Bank England
Berlin
Guaranty Trust Company
Gond
New York Central Incs Equipment Trust
St. Louis
San Francisco
Evansville
Terre Haute
Lehigh Valley
City of New York
Louisville & Nashville Rail
Missouri Pacific Railway
Adria Muller & Son
Fercoter
Saree Commonwealth Trust Company of
Newark
Finistriat Trust Company
Computing Scale Company of
Ameria
American Telegraph and
Interborough Realty Company
Proviir
Amercian Brake Shoe and Foundry
Ompaty Comemar LO
Acker Merralla
Santa Fe, Raton & Eastern Latirewat
State Hank
New York
Pocahuntas Company
Stares Mattam
Waspineht Cincimeati
St Louis Railroad
Peake Western Railway
Colorado Springs & Cripple Wreck
Awe Consolidated
Portiana ‘Electric Company
Helena Light & On Company
Brunswick Site
Greenwich Insurance Company
Union Typewriter Company
Cwnmen
HB Clasticie Company
Companom
Carnegie Trust Company
Also Mentioned on This Page
NEW York Stock Exchange
Iares
Guaranty Trust Company of
Nassau Bt
Lombard St. E. Co
Carlisle & Co. Bankers & Brokers
Federal
International Silver Common
Babcock & Wilcox
Meriden Gas Light
American Chicle Pfd
American Instrict Telegraph OF
N. J
Frederic H. Hatch
Broad Street
Telephone
Broad
Fred’k
Battery Park National Bank
Bowery Bank
Mutual Bank
National Copper Bank
Clinton Gilbert
Wall ST
N. Y. City
Kami
Onapah
Davis-Dale British
United Copper Butte Coalition
Transberland
O. J. Thomas
Mass
Oook
Nevada
Utah
Boston Copper
Goldfield
Greene-Cananea Superior & Pitts
de- Reinhardt
Road St
N. Y
Tarture
Ats OF Sales
Buffalo & Susquehanna Railroad Company
F. A. Lehr
Mines Company OF America
Iirectors
The
J. PD. Tooker
Alb & Susq
taTern luy _ Alb
Vermont Oo
Hart & Conn W
Allegh & West
Lau
Tei & Cable Minee
Er & Mo Riv
Avorn G & Mt MS
Little Miami
Beech Creek Sv
Lowell & and
Berkshire
Mahon Cent
Beek S&f
Bort
Alana Morris & Essex
Bort & Lowell
Nash
Devatur
Bort & Nashua & Low
Ewart & AY
Hariem
Brooklin City
Nyl&aw
Tam & BR
Ninth Ave
Cataw
Cleve & Pitts
Oswego & Stra
Ca & Xenia
Pat
Cor Union Me
Concord & Mon
Pat & Ramapo
Pecria
C & Pacerf
Phil & Trenton
Corn Hiver
Faye
Pitts
É& C
Hills & B
Penn An
Mahano
Beors & Sara
Etim & William
Roch & Gen
Www & O. Lia
Evie & Kalem
Second Avenue
Ie & Pitts
Sixth Avenue
Fitchpurs
Inrf
South
At Tel
Southwest
eaeGes F
Frankiie Tel
Golé & Stk
GRR & B Co
Itics Civi & B Seshen & Teec
Utica & Bik Ri
Corr
Pacific Fidelity
People's Peacews
Phenix
Fifth Avenue
Plaza
Aus
Fourteenth St
IRS Riverside
IRS Riverside o-33= Gallatin 315 = Seaboard Garfeld
Sieween German-Am
Tay Sherman
State
German Exch
Twelfth Ward
Termacis
Creenwich
Ae Talon Exchange
Hanover Sa
Hte
Imp & Trad
West Ride
Rm Irving Nat
Iso i Yorkville Rhe
Jefferson
Toronto
Stewart & Lockwood
Bia
Watts
Bibiuley- der
Iowa
le & N
K&c
Elev
Ann Arist
AT &Sf
Lintner
Nort & W
Penn
Een
ASA
BBC
Rt& P
Lguia
Pac
Col & So
South Ry
Lowe T
Tex & Pax
Thorn
S Steel
Erie Court
van Schaick & Uo
United Railway
Norf Ry & Lis
Chas City
Seaboard
Cent Trust
Iz Union Trust
Fidelity & Dep
Sk Consol Gas. Pt
Maryland Trust
Nor Cent Ry
Panama
Ever & Co
tCoupon
American Securities Abroad
Equiv
Anaconda
Il Tity Mb
Canadian Pacific Eee
St Paul
Erte
Illinois Centra Pelea
Louisville & Nashville
New York Central
Pas
Pennsylvania
United States
Paris Exchange
Berlin Exchange
France
Cealimes
Money and Exchange
New Orleans
Cincinnati
Savannah
D. Goll
Madrid
Lisbon
Sub-Treasury
Clearing House
Consolidated Exchange Sales
Toy & S Fe
Balt & Ohio
Canadian Pacific
Ches & Ohio
Chi Gt West
Col Fuel St P
Iron
Denver & Rio Gr
Dist Securities
Erte Ls
Inter
Louts & Nash
Rock Island li
Sim
West Union
Bale
Atlanta
Comstock
Cal
Diamondfield
Elkton
el Paso
Én Goldfield
Con
Kendall
Montgomery Mt
Ontario
Sandstorm
SOO
Mexican Central Railway Company, Limited
National Railroad Company of Mexico
Thersig
Mexican Central Railway Company. Limited
Central Trust Company OF
Wall Stoney
Kidder, Peabody & CO
Devonshire Street
National Rail Mercantile Trust Company
Road Company of Mexico
Speyer & CO
Hallgarten & CO
Bank Fur Handel & Industre Berliner Handels-Gesellschaft
NM. V. R. Weyant
Nassau Street
Travellers Letters
Bush
Outside Securities
Industrials
S&s S
Ferry Companies
Brooklyn Ferry
NY &Er
Loth & Sid
Union Ferry
Nyg&er
Bowling Green Trust Co
Edwin Gould
William H. Taylor
Chas. P. Armstrong
John A. Hilton
William M. Laws
Charles P. Armstron
Frank Brainard
Harry Bronner
Franklin Q. Brown
Robert C. Clowry
Edmund C. Converse
Wm. Nelson Cromwell
P. C. Costello
Grenville M. Dodge
A. Goepel
Frank J. Gould
George J. Gould
Myron T. Herrick
Edward T. Jeffery
Winslow S. Pierce
Morton F. Plant
Dick S. Ramsay
Frederick B. Schenck
Er Ee Ae
Anarew Oquire
John P. Truesdell
E. F. C. Young
the Trust Company OF
Colonial Branch
Gresham St
Rbarok
OCK, Trust CO
Fifth Ave
125Th St
Childs Company
Terry
Miresen of America
Wilkes Gas and Electric Company
United Bank Note Company
Bond & Co
Equitable Trust Company
Windsor Trust Company
Mont. Jr
August Heckscher
August Belmont
Andrew Freedman
Burlington &Quincy
Department of Stock Exchange