Stock Market Slumps Amid War News and Copper Rally
Stock market trading opened in a tentative mood on April 12 as war developments and Russian rate moves weighed on sentiment. United States Steel led declines while domestic trade showed strength in pig iron and copper futures. Woolworth boosted optimism with a dividend rise, yet overall activity remained listless and prices moved unevenly.
MENTIONED IN THIS ARTICLE
Farrshecks
New York Bond Market Report April 12 1960s listings
Bond market roundup shows diverse United States issues with prices and yields for American Tobacco Tobacco Tobacco and Steel debentures. Notable entries include New York Central, Pennsylvania, Union Pacific, Northern Pacific, Missouri Pacific and Western union rail and utility bonds. Market activity highlights mid-century corporate debt with varied yields and par values across sectors.
Wall Street News and Gossip Highlights from April Markets
The Lackawanna Steel quarterly result shows a profit of 2,261,068, reversing last year’s 565,768 deficit, while Woolworth raises its quarterly dividend to 2 percent. American Zinc, Lead and Smelting approves a 6 percent preferred issue with a one half share per common as a dividend. Rock Island shares, now a Shell, are delisted after dissolution in New Jersey. Imperial Bank of Germany reports shifts in gold reserves and liquidity, with installments on the fourth war loan totaling 6,889,400,000 marks and a 64.3 percent subscription rate.
MENTIONED IN THIS ARTICLE
Watt Street
Brant Exchange
Mironh
Saromurkiti
Lacka- Vaniet Steel Company
General Buslans
Ms Woolworth
New York
Lackawanna Steel Company
American Zinc, Lead and Smelting Company
Imperial Bank of Germany
Salea
Clore
Lig. & Mayers
Alaska G. M
Alaska-Juneau O
Louis. & Nagh
Allia-Chalm
Mackay Con. Pf
Alla-Chal. Pt
Max. M. Co
Am. Ag. Chem
Max. M. Lat
Am. Beet Sug
Max. M. 2d
Can, Pt
Miami
Car & F
Kan. & T
Hide & L
Mo. Pacific
Am. HL & 1. Pt
Nat. Biscuit
Ice
Nat
Cloak
Enam
Am Smelt.pt
N. H. Central
Am. Tel
Norf. & South
Am Tobacco
Norf. & West
Pacific
Ww. P. Pf
Ontario
Pacific Coast
Amar Zinc
Anaconda
Penn. R. R
Asso. Ol
Chauncey M. Depew
Sev
Atchison
Phila. Co
Atchison Pf
Pitts. Coal
Balto
Pitts. Coal Pf
South
Balto. & Ohio
Preas
Africa
Beth. Steel
Pull
Ry. Steel Sp
Ing
Far West
Ray Con. Co
Union Sulphur Company
Can
Estalickent
Chandler Motor
Stl
Ches
Ohio
Rock Island
Gt. W. Pt
Chic. M. & St.p
Mr. Depew
H. McKay
Twombley
St.p.m & O
Shattrick A. C
Col
Sloss SS. & T
Bay
P. R. Sugar
P.R. Sug. Pt
Crucible Steel
Southern R
Cuba A. Sugar
South. Ry. P
Deere
Studebaker
Diam
Tenn. Copper
Dist. Securities
ATH
Texas O
Erica
Third Ave
Erielat Pf
Twin C. R
Union B. & P.pf
Gen. Chem. Pf
Union Pacific
Gen. Electric
Gen. Motors of Nié
Pac
Ppf
Vigar
Goodrich, B. F
United Fruits
Goodrich Pf
Fruid Pt
Granby Mining
United R ¥. Ing
Gt. North. Pf
Interboro. Con
1.S.smelt. & Ry
Har
N.J
U.S
R Pf
Har. Corp. . Cig
Steel
M. Ctfs
U. &. Steel
M_M. pf
Utah Copper
Int
Paper Pf
Utah Sec. Corp
Int. Nickel
Wabash Pf. A
West
Mennecott
Westinghouse
West Mfg
Kelly
Lack. Steel
Woolworth
Lehigh Valle
Wh. & I.E. Ipft
Lee Rub, & T
Witlys
Oklahoma Oil Company
Boonton Pool
Muskogee
Mid-Continental
Okmulgee Ohlo
New York Stock Market Sulphur Trade Ties Raises Heir Income Wonder
The article notes Mr Twombleys estate profiting from a Louisiana sulphur property, yielding about 1 million dollars annually for heirs though capital stock was only 200 thousand. It hints at opaque links between the American mine and the Italian sulphur industry, amid Italy’s dispute over U S independence in sulphur supply. Ex dividend, Total sales 224,138 shares, against
MENTIONED IN THIS ARTICLE
Merwe Crag Eee Vo
Hagbean
Italy
Louisiana
United States
Banking dividends and sulfur wealth spark profits in 19th century notes
A New York state chartered bank paid 100 percent annual dividends with extra payouts, explained by tiny capital and large surplus. A sulfur company paid $100 monthly per share, $1,200 per year, on a $100 par value, with buyers unable to obtain shares. Science spurred sulfur deposits in Louisiana and Utah copper bonanzas, per Holland.
MENTIONED IN THIS ARTICLE
New York
Louisiana
Utah
Holland
Stock Exchange Report Of Bonds And Stocks
The local stock market shows Washington Gas at 75 percent and 74 for the 25 share lots, with various gas and railroad bonds listed including Georgetown Gas, Columbia Gas and Electric, Capital Traction Co., Anac. & Pot. River Ry, and Metropolitan R. R. The section also covers utility stocks, telephones, and major exchanges with prices like American Tel and Tel, Mergenthaler Linotype, and Washington Market stocks.
MENTIONED IN THIS ARTICLE
A.m
Washington Gas
N. and
W. Steamboat
Georgetown Gas
Columbia Gas and
Elec
Col. Gas & Elec
Capital Traction Co
Anac. & Pot
Anac
Metropolitan R. R
B. Pow
Mtg
E. Power
Amer
Tel & Tel
Amer, Tel, & Tel
Mkt. Co
Mkt Co
Steamboat
Riggs Realty
Wash. Ry
Elec. Com
Am Tel
2Nd Tel. Co
Mergenthaler Linotype
Lanston Monotype
Greene-Cananea Copper
National Bank
American
Columbia
District Federal
Lincoln
Metropolitan Second
Washington
Ces
Security and Trust
Nat'l Savings and Trust
Union Trust Company
Wash. Loan and Trust
Aes
Continental Haes Aeteiels
Savings
Home
Savings Bank
Commerce and Savings
Washington Savings
Gece. Sav
Com. Bank
Arlington
Corcoran
Potomac Con
Pot
Capital Traction
Wash
Elec. Ptd
Virginia Hwy. Com
Washington Utilities
Washington Gaz
Georgetown
Ri Pot
Chea
Lanston
Farm. & Mech. Nat. Bank
Massey Trust
Bank of Commerce and Law
Miller
Gayety Theater
Commercial Fire Inc
Wash, Ry
Mergenthaler
Continental Trust
Washington Baseball Cink
Oklahoma Oil
Thomas L. Hume
G Street
Tel
Cotton market eases with July at 11.97 in New York
Slight rallies followed an early dip as today's cotton prices slipped in late trading. July closed at 11.97 after opening at 12.06, with the generalist barely at a net decline of 5 to 11 points. futures show modest moves and a mixed session. Cottonseed oil quotes list prime crude at 9.67, with varied spot and future prices across months from April to November.
MENTIONED IN THIS ARTICLE
New York
Treasury report shows net general fund balance and assets
United States Treasury bulletin dated April 11, 1916 outlines the general fund balance at 125,477,227.40 after miscellaneous deductions, with total general fund assets listed at 220,716,806.02 including gold and silver holdings, bank notes, and bullion. It notes a fiscal year deficit of 57,272,873 and provides month to date and year to date revenue and disbursement figures.
MENTIONED IN THIS ARTICLE
United States
Treasury
General Fund
Federal Reserve
National Banks
Philippines
Chicago grain rises on bullish winter wheat outlook
Weather-driven strength pushes Chicago wheat futures higher with May around 1.19 to 1.20 and July near 1.17. Corn and oats follow with modest gains as cash grain bids show No. 2 red wheat around 1.24 to 1.25 and No. 2 yellow corn near 79 to 79.5. Provisions advance with May pork near 23.17 and May lard around 11.60.
MENTIONED IN THIS ARTICLE
Chicago
Nebraska
Owen
Record of Union Sulphur shares could have reached 9000
New York April 12 reports suggest Union Sulphur Company stock might have sold for 9000 a share if obtainable. The article notes other close corporations Winchester Arts Company and Singer Sewing Machine Company rarely trade, often only at public auction, and stresses Union Sulphur as the top valued, with development constraints reducing profits amid wartime orders and raw material needs.
MENTIONED IN THIS ARTICLE
New York
Providence
R. I
Winchester Arts Company
New Haven
Singer Sewin Machine Company
Winchester Company
Great Manufacturing Corporation of
Union Sulphur Company
Boston News Bureau
New York Money Market Snapshot April 12
Mercantile paper 3.3 percent. Sterling 60 day bills 1.72 percent. Demand and cables rates for sterling around 4.767 to 4.77. Francs 6.04. Marks 0.72. Kronen 12.55. Guilders 0.42. Rubles 3.01 percent. Silver 52 cents. Mexican dollars 48. Government bonds steady. Time loans irregular. Call money easing. ruling rate 2 percent. last loan 2 percent. closing bid 1 percent. offered at 2 percent.
MENTIONED IN THIS ARTICLE
New York
Oil Quotations and Balances from Ol City Pa
Credit balances 2.60, runs 93,565, average 74. Shipments 105,825, average 49, 580. Prices and figures reflect April 12 report for Ol City area with oil market activity and financial balances.
MENTIONED IN THIS ARTICLE
Ol City
Local Financial and Business Notes on a Dull Exchange Day
The New York Stock Exchange and curb markets showed little activity while a late buying surge nudged prices higher. Washington stock moved to 76 3/4% after hours, with Norfolk and Washington Steamboat traded at 164. Bonds were tight, but demand for Potomac Electric and Capital Traction remained firm. Washington Railway and Electric quoted at 81. The market later saw modest improvements across active issues as buyers emerged after the call.
MENTIONED IN THIS ARTICLE
New York Btock Exchange
Washington
Norfolk and Washington
Lanaton
Potomac Electric Consolidated Ga
Capital Traction 5S
Washington Railway and Electric
Washington Cattle Market Logs Reported Varied Weights
Market records show cattle categories including dressed, small, medium, and heavy along with veal calves and sheep. Entry lists weights and percentages such as 11 percent, 16, and 19 percent for various lots and classifications.
New York Grain Prices and Futures Report
New York April 12 Wheat spot prices vary with No 1 durum at 137 No 2 hard 124 No 1 Northern Duluth 143 No 1 Northern Manitoba 142.0 b New York futures firm May at 128. SORT Shot steady No 2 yellow BT STN fit.
MENTIONED IN THIS ARTICLE
New York
Duluth
Manitoba
Also Mentioned on This Page
United States Steel
Trarrial Arcadel
Mercantile Man
Kent
Recnivhan Steel
Telco
Aare van Smetters
Vogl Brendh J Vincir & Costa
Hisoniken
Krouat
Haodmor
Shlohen Steel
Fiooxlyn Tranalt Og
Tearral
Ceomemin
Ss. Qenteat Geather
Pacthetata Parsheaspeake
Heasipeake
H and
Quincy
Ace Fo
Quincey
Rt Igo
Western
Vil
St Po Ev
Mikand
Fogen
Rouse Do Land
Rorati
Southern
Foo Vet
Elo Grande
PuarUiare Securities
Tromiuiton of Can
W ‘Ite
Wreacy
Gverles
Wroia
Wanecal Electric
Nota Central
Minot Steel
Tatarborough Etapid Ans
Intarborough Met Dip Eae Lout Mar Marina Tis
Kansan City
Tadawoanns Steel Ba
Touks Shore
Logwett
Vyera
Toutaville
Aml
Nashville UN da
Massouri
New York Central
New York City
Aplel
Rahimaraads
Fladford
Norfolk and Western
Northern Pacific
Oregon Short Line
Tel Sa
Fennattvania Contia
Penonsylvania Ken
Wen
Republic
Con St Gcouly
San Fran Res
St Louth Southwestern
Seaboard Alt Lina Adj
Southern Bell
Southern Railway
Tennessee Copper
Tecas Company
Texas
BaclAc
Averus
Union Pacif
Tofsom
Os Rubber
Western Lnnon
Tia
Boston
Curb Market
Ajax Rubber Cone
Cerro de Pasco
Cosden & Co
Kenefick Zina
Lynn Phonog
Magma
Maxim Mun
Midvale Steel
Nipisaingi
Oklahoma
Peerless Met
Ray Hercules
Submarine Corp
Ches & O.bs
STM Ch. UN. T
Wef
Lh. Val
Mido
Suba
Sulzerberg
Atlas
Baltimore Tube
du Pont
Havana
Hercules
Lake Torpedo B
Lehigh C
Shar
Ase
Yukon Gold
N. Aoe
N. J. Og
Pererer
N. J
Heaton
Adventure
Ataaka Gold
Kreaton & Maine
Branklin Minty
Randy Mining
Ake
Mainlower Verisons
Baltimore
Mohawk Mining
Maryland Trust
Nevada Con Mining
Con. Power
Yonel & Elart
Con Coal
Old Colony
Houston Oil Ptd
United Rya
Elec. Co
Shannon Mining
Sapulpa
WaTy Bonda
Saytah Copper Mining
Con. Gas
Ventura OK
N. O
C. Basateba Wolverine Mining
United Rys
Baltimore Securities
Wall Street
F. W. Woolworth Company
Rock Island Company
Antica
Stock Exchange
New
Jersey
NEW York Stock Market
Mr Twombley
Local Stock Exchange
Gorron
United States Treasury
Wera
Peperche
Panama
Maly
New Orleans
Galveston
Mobile
Charleston
Wilmington
Texas City
Norfolk
Philadelphia
Savannah
Fouston
Augusta
St. Loui
Cincinnat Use
Little Rock
Dallas
Washington Loan and Trust Company
John Joy Edson
Washington Cattle Market
NEW York Grain
Better Business
Byron S. Adams
St. N. W
Washington, D. C
George W. White
C. H. P. Johnson
George C. Walson
J Gales Moore
QUA Savings Dept
the National Metropolitan Bank
U. S. Treasury
Carroll Felter & CO
Broadway
Ules
New York Stock Exchange
Harned Survins
National Savings & Trust Company Cor
N. Y. Ave
Ralph W. Lee
14Th St. N. W
Union Savings Bank
Wade FH. Cooper
Flather
Moorhead & Elmore
MER
Bers Lwashington
Archange
15Th St
ODP
Hasterday
ST. N. We
A.B. Leach & Co Investment Securities
District of Columbia
Swartzell, Rheem & Hensey Co
Fifteenth Street
N. W
Mutual Life Insurance Company
Naw
Pal
Thomas F