Philadelphia Market Irregular After Wall Street Decline
The Philadelphia market showed irregular trading with quotes steady at 4 percent across banks and time money. Stocks mostly declined led by United States Steel and Cambria Tidewater, while Lehigh Valley Lehigh Navigation and Pennsylvania Railroad held, with Union Traction and Philadelphia Rapid Transit trading actively in the unlisted and listed phases.
MENTIONED IN THIS ARTICLE
An Cement
Peace Valley
Stor
Lehigh Navi Pee Elec. Co. of ‘America
Coton Traction
Cambria Steel
Tidewater Steel
Zigs
R. R
Gates
Wall Street
New Jersey
Bears
Bull
Cambria
Tidewater
Lehigh Valley, Lehigh Navigation
Pennsylvania Railroad
United Gas
Consolidated Lake Superior
Union Traction
Philadelphia Rapid Transit
Ervin & Co
Board of Governors
Exchange
Baltimore stock market summary and bond listings from nation
A broad stock market recap notes William H. Thompson as cashier of Union National, new listings and bids on Philadelphia and New York exchanges, and various bank and Treasury figures. It covers plan reorganization, crop and railroad updates, and the day’s balance sheet showing receipts and expenditures.
MENTIONED IN THIS ARTICLE
William H. Thompson
Union National
Philadelphia Consolidated Stock Exchange Sale Report
Securities traded at the Philadelphia Consolidated Stock Exchange yesterday included a variety of listings. The report notes multiple transactions across different issue types with buyers and sellers unnamed in the brief account.
MENTIONED IN THIS ARTICLE
Tonopah
Philadelphia Consolidated Stock Exchange
Boston Stock Market Shows Only Gas and Coke Bond Activity
Boston June 19 trading was quiet with activity limited to New mend Gas and Coke bonds. A drastic reorganizational plan was approved establishing a securities trust with 30 million capital half preferred at 4 percent cumulative. Old common stock will exchange at 10 dollars per share for new shares. Estimated values put preferred around 80 to 85 and new common around 20 to 25. Prices of active stocks were listed compared with yesterday’s close.
MENTIONED IN THIS ARTICLE
Boston
Old Common
New Common
Money on Call and Foreign Exchange Report from New York
The New York Money Market opened at 7 percent on call money, with highs near 3 percent and lows around 2 percent, closing just above 2 percent. Time money quoted 3 percent for short terms, with fair demand as July disbursements reduce buying. mercantile paper quiet, discounts for sixty to ninety days and four to six months shown, Philadelphia and Boston rates noted, London call money at 2 to 2½ percent, and Bank of England balance today 150,000 pounds with unchanged minimal discount rate.
MENTIONED IN THIS ARTICLE
New York
The
Stock Exchange
Mercantile
Philadelphia
Boston
OGRE
Philatelphia
Baltimore
Bank of England
Peaceacceseasss BS
Mere Seccsupescters
New York Market Weaker Highlights Year To Date Totals
The New York market shows weakness with year to date totals: 583,828 under credit, 84,763,604 for the corresponding date last year, and 171,770,521 for Hond Transactions. Es paid its up seas 463,827,600 to date this year, versus 618,287,400 last year. Money rates quoted for collateral loans on call at 2 percent to eight per cent, three months 4.4 to 4.5 percent, six months 4.4 to 4.5 percent, and commercial paper for 60 to 90 days 4.4 to 4.4 percent. Net stock quotation changes of one percent or more noted.
MENTIONED IN THIS ARTICLE
S. Eeee LL
Wong Es
Pac
R. R
Benes
Ween Sewer Pacific C
Penn
Pitts
W. Lst
Peoria & St. Louis
Bocce
Seeeenseeeeveses
N. Jersey
Rio’ Gr. W
Atten Nsene Consolidated Storage Battery
Rio G. W Col
Toba
Continental Tobacco
Electric
Riese Veeet L
Mt & So
St. L. Swn
Erman Treasury
Hackensack Meadows
St. P
Havana
Havana Tobacco
Houston
Valley
Seeesaee A
Southern
Rwy
Pacific Packing & Ra Ceusetere Ian
Decatur
Evansville
Pioneer Mining
Ross & Lake Erie
Louis Ransit
Seaboard Air Line
Crawford
Southern Light
Biyaeere Milling Terre
Ody
New York Bond Sales Hold After Short Covering
New York bond sales saw a hold with bonds closing at 95 14 after a conservative short covering move. Analysts expect price gains if only a portion of bonds are issued, citing stronger position versus full issuance. Northern Securities faced selling pressure, falling about 1 percent as profit taking weighed on the stock. Trading was light and limited to about 4,500 shares.
MENTIONED IN THIS ARTICLE
Northern Securities
Pee
London Stocks Were Firm
London stock activity showed firmer mood with cheerful Exchange, limited volume, and some realizations ahead of mining settlements. Argentine and Brazilian shares supported. American rails steady then slipped with coal stock fears. Foreign exchanges, Paris, Spain, Portugal mixed as Argentine and Brazilian shares recovered.
MENTIONED IN THIS ARTICLE
Tom Pelphia Times
London
the Times
Stock Exchange
New York
Wall Street Bears On Weak Market Amid Steel Bond Moves
New York markets sagged with conspicuous declines, led by United States Steel, as traders blamed looming anthracite labor talks. Bonds of US Steel rose on curb market strength while the chatter warned of dividend risks, countered by authorities predicting continued earnings gains.
Reactions and Activity Slide in Outside Market
The Times reports that yesterday's reactions in several prominent stocks were mixed with a clear drop in overall trading activity. Although more issues traded than the first half of the week, many transactions were small and overall volume lagged behind last week. The focus centered on United States Steel and related preferreds, with a shift noted after a permanent mortgage juncture and retirement of past on the tesces, signaling reduced trading in these items.
MENTIONED IN THIS ARTICLE
New York
Times
Ovenes
United States
Morgan Denies Illness In Official Statement
New York on June 19 an official statement declared that J P Morgan is not seriously ill and not ill at all. The denial comes amid market rumors circulating in the Stock Exchange district about his health as cable dispatches indicate he is on vacation and enjoying a break from business.
MENTIONED IN THIS ARTICLE
New York
Wallstreet
Mitchell
United Mine Workers’ Association
United States Steel Corporation
J. P. Morgan
John W. Gates
Mr. Gates
Wall Street
Louisville & Nashville and Southern Railway
Morgan
Stock Exchange
New York Air Brake reelects Starbuck and directors
President Starbuck and all associate directors were re elected at the New York Air Brake Company meeting held today. Company earnings continued to show the extraordinary increases reported previously.
MENTIONED IN THIS ARTICLE
Philadelphia Times
New York
Starbuck
New York Air Brake Company
Morton Trust Declares 20 Percent Dividend Plan
New York June 19 The Morton Trust Company directors adopt a dividend paying policy setting 20 percent per year, with quarterly payments. The move marks a shift to regular distributions for shareholders.
MENTIONED IN THIS ARTICLE
Philadelphia Times
New York
Morton Trust Company
Subscription oversubscribed for U S Shipbuilding bonds
Announcement from New York on June 10 reports oversubscriptions for the United States Shipbuilding Company bond issue. One syndicate’s bid to take a large block was refused as the subscription was already filled. Observers believe Bethlehem Company absorption may be slowed by factors tied to another major industry.
MENTIONED IN THIS ARTICLE
New York
United States Shipbuilding Company
Bethlehem Company
World markets calm in Berlin trade
International securities were quiet on the Bee today with Span ific 4s advancing on Paris devices. Russian shares rose on the dissolution of the underwriting syndicate while Pacific stocks eased on New York advices. Transvaals recovered as fee and bank shares remained firm or hard.
MENTIONED IN THIS ARTICLE
Berlin
International
Bee
Paris
Actian Pacific
New York
London and Paris Money Markets Reported June 19
The report notes Sulphur Holdings at the Bank of England £859,000, Paris rentes at 101.87, and London exchange quotes with francs per check. Berlin and Madrid exchange figures are listed, with short-term discount rates. Hamburg shares rise on dividend rumors and new share issue. London Statist observes a large pool of Continental money seeking London gains.
MENTIONED IN THIS ARTICLE
London
Bank of England
Lyhance
Paris
Berlin
Exchange
Bamburg
London Copied Reading New York Stock Movement
London reported sales of about 10 000 shares in the New York market with Atchison and Reading leading. Stocks fell modestly, market weakness cited by Stock Exchange authorities rather than London liquidation. Reading declined slightly, Delaware and Hudson down two points with 700 shares traded.
MENTIONED IN THIS ARTICLE
Philadelphia Times
New York
London
Atchison
Reading
Stock Exchange
Delaware and Hudson
Sugar Stock Fluctuates Amid Trade Pressure
Sugar refiners cut prices and the Sugar Trust stock traded about 10 000 shares with fluctuations around a point. Controllers show no sign of concern over politics or trade, while a speculative pool on the Stock Exchange has become heavily loaded with the stock.
MENTIONED IN THIS ARTICLE
THE
Philadelphia Times
New York
Sugar Trust
Stock Exchange Room
Ice Trust Shares Decline Further in New York
Ice Trust shares extended losses in New York with preferred stock down nearly five points for the day and about 15 points over a fortnight. Common stock hit a new low, while officials offered no clear explanation. Local politicians are still heavily invested in both common and preferred stock bought at higher prices.
MENTIONED IN THIS ARTICLE
New York
Ice Trust
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Stock Transactions
Commerceial
Reading Gen
Lee, & Peo
Welsbach
Ebay
Raign
American Cement
Cons. L. Sap Cambria Steel
Amden Land
Diam. Steel
Electric Co. of Am
Easton Cons. el
Fourth Sr. Bank
Ins. Co
Inter
Lehigh Valley
Oe Navigation
Tay
Phila
Traction
Fadelphia Co
Rapid
Railways
General Coater Steel
Oe Steel
Ss Cs al
Ind
Tee Wee Ek Iron & Steel
Bergner & Engel Aor
Neem
Mugwm
Saaanvueae
Bethlehem Iron
Cambria Tron
Bethlehem Steel
Cambria Steel Tee Camden
Consolidated
Danvills Bessemer
Prefe Diamond Pinto Steel
Sheen Ewe
Electric Oo Co
America
Praia
National
Aephalt
Enone
Avyen Iron
Philadelphia Electric ‘Trust Etfs
Susquehanna Ipen & Stee
Eeene Il Tidewater Steel
Warwick Iron & Steel
Eeees
Welsbach Company
Aoe
Cramp Sh
Engine Building Co
Seventetros Sostetes
Westmoreland Coal Et
Lastle
American Railways
Buffalo Railway
Camden & Trenton Railway
Citizens’ Passenger Railway
Columbus Street Railway
Aeeneere
Consolidated Traction of
Tinental
Easton
Fairmount Park & Addington
Fairmount Park Transportation
Frankford & Southwark
Germantown
Hestonville
Indianapolis Street Railway
High Avenue
Philadelphia C
Gray's Borey
Eeesseee
Philadelphia Traction
Eeeerense
Philadelphia Company
Mt Phila
Rapid Trans
A4 Railways Company
General Taene
Readin Traction
Rochester Railway
Scranton Railwane
Second & Third
Thirteenth & Fifteenth Streets
Union
United Power & Trans. i
United Power & Gr
United Traction of Pittsbyro
West
Wilmington & West Ester
Baltimore Stock Market
Treasury
Philadelphia Stock Exchange
Air Line
Great Northern
Reading Company
New York Stock Exchange
Northern Ohio Traction Company
Igate
American Pneumatic Service Company
Messrs. Etting & Patterson
Distillers’ Company
Missouri Pacific
Arkansas
Louisiana
Ripley
Texas
Pennsylvania
Pittsburg
Erie
General Fund
Sis
Seaboard Rwy
Retenton Co Peete Ee Eware
United BE
Ppt
Ide’. & Guar
Continental Eeeettress
City Bank
Wee
Third Bank
Ee Ebeweses
A Seaboard Ry. Eye
West Va
Wilmington E 'W
Philadelphia Consolidated
St. Paul Saeane
St. Paul
Union Copper
Tebe Enone
St Paul
Atchison Atte Y
Boston Stock Market
Clos. Amer. Pneu, Service
Atlantic Mining
Boston & Maine
Calumet & Heeda Ais Centennial Mining
Dominion Coal Teh
Dominion Ice Steel
Teena Heel Mass
Masel
Tie Cosining
Mohaw Mining
Old Dominion Ees
Besmence
Parrott Mining
Iney Mining
Tamarack Mining
Wesc
Trinity Mining
Ebeees
Mina
Victoria Mining
End St
Ane Neone
Eee
Wolverine Mining
Chicago Stock Market
Chicago
New York Exchange
Lake Street
Prett
Rounesville Pool
Bic
Pittsburg Stock Exchange
Amer
Meee Glass
Lew
River Coal
Pitubos
National Pireproct
Ac Continental Dilla
Sy Ponewing
Fortign
Imere
Air Brake
Long Island Anaconda
Met St. Ray Pacific
M.S
Trac St
Col Fuel & Iron i
Col
South Ee
del, & Hudson
Fuller Co
North
Hock Valley
Illinois Central
Iowa
Lake E. & West
Steel
Louis, & Nash
Lehigh
Terete
Third Avenue
Rio G
W Tr
Pac. Coast Ist
Wabash Deb. B
R. & T.ine
Nat R R
Sewrewie
Central
Lwee
Norf. & West
St &G R
Renee
St. L & Ww
U.S
U. Express
Car. Chem
West UN
Flee
Wis. Central Co. 2d
Amer, Light & Tr. Pf
British Columbia
California
Camden Law Central Foundry
Dominion Security
General Carriage Cfs. Dep
Eet
Standard O Wwweeneewntas
Syracuse Lighting
Ae ‘Ennessee R
Trenton Potteries
Sae
Union Ferry
United Cop
United Gas & el
White Knob Copper
Cotton Dueck
Nime
New Amsterdam Gas
Steel New
Aimee Ate
Det
E Erte
Louis
Met
Mex
Mich
American Express
Steweseese Am
Hide & L
F. G
T&s
Central Pacific
Chica & Alton
Chicago & Alton
R. 1
R. G
Ohio
Estes
Erie-ist
Erie-Penn
Tex
Kansas City
S. Gas of
St. Pens
Coal
Eeee & Nash
Wrenses &E
Thire
Uist
Selon
Seaborg
Seabo Gd
Besdees & T
Lee
Fay
Ingine
Amer Et Se
Amer Oolen Boh
South Seeaeere
Ft &P Ge
Pacific
Nort
Sevres
Es Gas
BE. L
Settee Eee
W. Pocob
Bourse
Industral
Rio Tintos
New _ York
Baltimore & Ohio
Canadian Pacific
Chesapeake & Ohio
Cr Tae & Gt
Western
Kansas
New York Central
Norfolk & Western
Wntene
Ontario & Western Eeewe
Pennsylvania Tae
Beeetaredar
Tye
Southern Pacific
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Asian Co
NEW York Times’ Review
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