Philadelphia Market Slides as Street Rail Shares Lead Losses
Opening trading centered on street railway issues amid plans for rival lines. Union Traction fell to 24% after a 26 close, then recovered to 25% as insiders bought. Philadelphia Traction and Electric and People's 4s fluctuated, closing near 92% with gains late. Buyers absorbed offers, while Cambria Steel and Pennsylvania Railroad assets supported a late rally, leaving the market firmer at close.
MENTIONED IN THIS ARTICLE
Union Traction
Shorts
Philadelphia Traction
Electric
People’s 4S
People’s
Philadelphia
Traction
People's
Philadelphia Company
Consolidated Traction of
Pittsburg
Allegheny City
United Gas
Philadelphia Electric
New York
Cambria Steel
Pennsylvania Railroad
United States Steel Common
Cambria
Fourth Street
Pennsylvania
News Notes of the Day Advancements in rates and rail traffic trends
Ridder, Peabody and Co. have advanced Sterling rates. Wye, Huntingdon and Broad Top Railroad last week carried 47 678 tons of coal, up 27 968 tons. U S Steel quoted on London Stock Exchange list. American Spirits Manufacturing preferred stock stricken from NYSE. Reading officials deny bond issue and retirement of second preferred stock. Hoskins Inc. elects C H Marshall president and Ernest L. Tustin vice president. Northern Central Railroad directors to meet on dividend. 3 percent expected. New York Ontario and Western deny change in ownership after recent buying. Bethlehem Steel stockholders to receive 50 cent quarterly dividend. National bank notes redeemed 567 901. Internal revenue receipts 1 746 535, expenditures 1 484 000. Quotation currents 4 percent call, 4 1 4 percent time, 4 to 4 1 4 percent commercial paper. Business is busy though rates ease slightly. bottom thought reached. Internal Revenue Commissioner Yerkes says broker No 2 can deal in puts and calls stock outside an exchange.
MENTIONED IN THIS ARTICLE
Internal Revenue
Yerkes
Washington
New York
Bear
Bears
London
London Stock Exchange
Shorts
Northern Pacific
Stock Exchange Committee
Pennsylvania
Rock Island
St. Paul
Missouri Pacific
Amalgamated Copper
American Tobacco
People’s Gas
Southern Pacific
Atchison
Union Pacific
United States
Market News Roundup Reflects Shifting Finances and Dividends
Gossip of the Street reports Union Traction Saturday and Sunday receipts near 100000 dollars while Treasury buys 111100 of 4 percent bonds and 150000 of 5s. It notes Hill interests bidding for Chicago Great Western and possible 4 percent dividend for St Louis South Western. Banks, loans, and London cables show mixed activity as United States Steel joins London trades and a Canadian syndicate acquires Twin City Rapid Transit. Major moves in Union Pacific, Missouri Pacific, and other rails are discussed alongside treasury balances and heavy quarterly payments.
Rail dividends declared on various railway and steel stocks
The Chicago St Paul Minneapolis Omaha Railroad declares 34 percent on preferred stock for semi annual payment on a specified date. National Steel Company pays 1 percent quarterly on preferred stock. New Haven Hartford Railroad declares 2 percent quarterly. Other entries reference German concessions and related payments.
MENTIONED IN THIS ARTICLE
Chicago, St. Paul, Minneapolis & Omaha Railroad Company
National Steel Com
New York, New Haven & Hartford Railroad Company
Stock Market Tumbles Then Recovers Amid Bear Pressure
The New York market saw liquidation with bear selling aiming for lower prices after prior declines. As selling eased, bears covered shorts triggering a broad rally, though many issues remained volatile with mixed gains, losses, and cautious optimism amid London market weakness and looming corporate financings.
Outside Market in New York Sees Little Business
Trading in the outside market was muted with few bids or offers, notably among bank stocks. American Can common fell from 27 to 234 after an initial surge, while a 2,000 share turnover occurred. Consolidated Tobacco opened strong at 73, then slipped to 72. Overall volume around 300,000 dollars with mixed moves across copper and other issues. E W Ivins offered to loan 250,000 on outside securities at 60 percent of market value.
MENTIONED IN THIS ARTICLE
New York
Consolidated Tobacco
Tennessee Copper
British Columbia
Union Copper
Seaboard
New York Transportation
E. W. Ivins
Pittsburg Stock Exchange Price Table Report
Special to The Philadelphia Times details a table of today’s price movements on the Pittsburg Stock Exchange dated June 10. The brief lists listed stocks and their current values, reflecting intraday shifts and trading activity in Pittsburg.
MENTIONED IN THIS ARTICLE
Philadelphia Times
Pittsburg
Pittsburg Stock Exchange
New York Stock Summary From Saturday's Closing Prices
Unlisted notes show Adams Express Atchison Topeka and Santa Fe Union Pacific and other issues with varied yields and par values. Listed bonds include B&O and Central Pacific stakes with readings around 100 to 107 and notable trade volumes amid a broad market snapshot.
Baltimore Stock Market Dulls Amid Seaboard Quiet
Baltimore day trading was exceptionally dull due to early New York inactivity. The Seaboard group quieted markets while Cotton Duck showed signs of improvement on prospects of new listings. Consolidated Gas benefited from dividend and deal rumors. Money on call stood at 4 to 5 percent as complete transactions totaled 5,444 shares and $165,000 in bonds.
MENTIONED IN THIS ARTICLE
Philadelphia Times
Baltimore
New York
Seaboard
Boston
New York Closing Prices for Unlisted Securities
Closing bid and asked prices from yesterday and Saturday are listed. The records present closing quotations compiled by the New York Times for unlisted securities, including the available figures and market activity.
MENTIONED IN THIS ARTICLE
Philadelphia Times
New York Times
Boston Market Quiet in Mining Stocks as Amalgamated Falls
Boston June 10 reports an exceedingly narrow and dull stock market for mining shares. Amalgamated is heavy while other issues are neglected. The report lists the day’s high, low, and closing prices for active stocks on the Boston market, excluding New York changes, and compares them with Saturday’s final prices.
MENTIONED IN THIS ARTICLE
Boston
Amalgamated Heavy
New York
Chicago Stock Market Decline Dampens Central Union Stock
Chicago June 10 The New York exchange quoted at a five cent discount. Money for call and time loans stood at 4 3 4 85 percent. Central Union Telephone led the market lower, opening two points down to 47 and sliding to around 40 with under 500 shares trading. American Can followed United States Steel lower in the Eastern market and biscuit issues weakened as demand remained weak.
MENTIONED IN THIS ARTICLE
Philadelphia Times
Chicago
New York Exchange
Central Union Telephone
Centre Union
United States Steel
Also Mentioned on This Page
Philadelphia Stock Market
Traction Securities
Huntingdon and Broad Top
United States Steel Corporation
American Spirits Manufacturing Com
New York Stock Exchange
Reading
C. H. Marshall
Ernest L. Tustin
William H. Hoskins, Incorporated
Northern Central Railroad
Ontario and
Western
Bethlehem Steel
National Bank
Righ
Vow
American al
American Railways
Bethlehem Steel Eaves Eeae
Traction of
New Jersey
Warran Tee
Pittebare
Sones 1852
Electric Co. of America
Ahaha Ameri
Minehill Railroad
Palmetto National Seeyer
Tee
Do. Steel
Alt Ae
Philadelphia Co
Do. Electric
Susquehanns Iron & Steel
Southern Railway
United Cos. of New Jersey
United Gas Improvement
Union. Traction
West Jersey & Seashore
Ing. Ae Open
Sale
Ask
Iit
Il ST
Choctaw
Memphis
Trac
N. J
Pity. Pass
Indianapolis
Saaeee
Eo. Traction
Lehigh Valle
Maryland
Penna. En
Mtge
Eadin
United Gen. Ailways
American Alkal
Greesseereses American Albatt
Marsden RR
American Iron & Steel
Marsden
Bergner & Engel Brewing
National
Ectric
Bergner & Engel
Rts
Pennsylvania Steel Pennsylvania Salt Manufacturing
Camden
Philadelphia Electric Trust Ette
Southern Cotton Diamond State Steel Guard Trust
Susquehanna Iron and Steel
Telegraph, Telephone & Cabies of Electric Company of America
Ss America
Tidewater Steel
United Gas Imp
General Electric Automobile
Warwick Iron Steel
Harrison Bros. Co. Incorporated
Saeee
Welsbach Commercial Wees
Harrison
Apices American Railways
Indianapolis Street Railway
Baltimore Unit Railways
High Avenue
United Railways
Buffalo Railway
Philadelphia Ne
Citizens’ Passenger Railway
Wernt Ee Nee
Eesesese
Dayton Traction
Duquesne Traction
Thirteenth & Fifteenth Streets
Oeres
Fairmount Park
Haddington
Fairmount Park Transportation
Frankford & Southwark
United Power
Germantown
United Traction
Green & Coates
United Traction of
Pittsburestonville
United Railways & Electric
Bait
Hestonville
Holmesburg
Tacony & Frankford
Wilmington
West Chester
Secretary of the Treasury
Hill
Chicago Great Western
St. Louis South Western
New York City
Telegraph
T. W. Lawson
Twin City Rapid Transit
Ee Eee
Louisville
Nashville
Ontario
Germantown Passenger Railway Company
Martin V. Burton
Meyer Siedenbach
Clarence B. Moore
William Dulles
Henry Siedenbach
Joseph Koch
Union Pacific Common
Ladenburg, Thalman & Company
Union Lead and Oil Company
Union Pacific Railroad Company
Manhattan Elevated
Western Union Executive Committee
Chicago Board of Trade
Internal Revenue Bureau
Common
Preferred
Treasury
General Fund
NEW York Stock Market
Americu
Allegheny
Amer
Wisidow
Bessemer Ry
Traction Crucible Steel
Aes
Resaes
War Seks L.cate
West
Estes
Adams Express
Hide
Ann Arborist
Atchison, T. & S. En
Foose Ciness
Sion Eee
Bway
Seventh Ave
Cent. Pac
Saten
Reyes Coe
Anne Laclede
W.S
Paci
Nort
Bane Base
Nor. Am. Newa
Anada
Anada Bent Ae. Nor. Pac.| 98% SY 98' — M 100 Lent. of N. A
Ore Gas & C
Hic
Gt. W
I ,C
Ion
Debowen
BR. &P
H.C
Rwy
Den
Rio
Stan & T
AO Sl
Detroit
Texas & Pac
D.S.S
D. Cc
Fe Acific
Ios
General Elec OK
North
U.S Do
Melinois
Towa Centra Do
Dore
West UN. T
Kan
Mic
L. E
Kale F. Ce
Deere
T. T
C C& Ina. S. Col
Fuel & I
R. G
Det
Mackinac Mtge
Sigs Ser
E. Tenn
Va, Greer, Lien
Edison Elec. Co
N.Y
Erie
Ihe
D.C
Speennne Hous
Tex. C
Ae Co
Louis
N Unifi
Louis & Nash Collat
Louis. & Nash. & O. Mob
Cent. Ist Inc
Meg
Meg. Cent. 2d Inc
Mo . T
Pac Trust
Mob. & O
Sen
L. Ish. Ch
H R. L. Wl
Ur. m
Y. O
Pac
Soo
Nor
Aioe
Erin - Fe
Cc. Cc
St. L. S
R. W
St. L
It. P
Eve
E Pac
Ariz
South
Tex
Tex. & P
Tol
St L. & West
Pe Reveres
UN. Pac
Seree
Bane
W. N.Y
P. G
Whi
Baltimore Stock Market
MD. Capnally. Trust
Fidelity
Mercantile
MD. Brewing Com
United Beecom
Norfolk Ray
Atlantic c — Com
Eeedee
Car &N Be
U. & Fila
Pt. Se
Eter Ee Turda
Amer. Smelt
Rt i Aeiekaen Refining
Baltimore , Ohio
Brooklyn Rapid
Canada Southern
Central
N.J
Chesapeake & Ohio
Chicago & Alton
Chicago Gt
Chicago, Ind
Lan
Chicago, Mil
St. P
Chicago & Ms
Colorado Fuel & Iron
Colorado & Southern
Vly
Bk Consolidated Gas
PRG
Continental Tobacco
Delaware & Hudson
Il del
Lack & West
Denver & Rio
Generallectric
Lowe Great Northern Pref
Hocking Valley
Illinois Central
TS International Pomp
Iowa Central Co
Lake Line & Western
Louisville & Nashville
Manhattan
Métropol
Mexican Central
York Central
Norfolk & Western
Pacific Mail
Pullman Palace
Ec Iron & Steel
Republi
San Francisco
St. Louis
Bhby Co
Oly Southern Railway
Oy Tenn
Texas & Pacific Oal & Transeen Eee
Texas Pac
Land Tr
Union Hew
Unita Tes Rubber
United Tees
Wabasee
Western Union Tele
Wheeling & 2
My Do
Hide & Leather
Aberdeen Copper
California
Central & So
Consol
Rubber Tire
Continental Tech
Cramps’ Shipyard
Denver & 8. W
Denver & 8S
Sly Dist. Co
Dist. Co
Electric Boat
SO Electric Boat
Elec. MN
Il Il
Empire Steel
Hall Signal
Havana
Hudson River
Po Illinois Trans Station International Imbrell
Lorillard
Nat. On
Pf. Nat
Enam
Stam P
Sas
Wee. Realty Corp
Old Colony
Otis Eler
Peo
Vans
Pitts
Bess
L. Ert - Pitts
Bess, L.E
Air Line
Seaboard Air Line
Steet
Santa Pene
Boston Stock Market
Dominion Coal Copper
Isleini
Old Dominion
Santa Feenessee
Amott
Central Union
National Carbo Tee Aet. T. Pf
West Icago
Chicago Stock Market
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