Market declines ease as copper lifts metal shares
Trading opened bearish with 2 to 6 point declines across many issues and U S Steel dropping to 831/2. A midday selloff widened losses before short covering trimmed moves. copper gains buoyed metal shares while munition stocks led declines. Foreign liquidation persisted as London and New York imports arrived and Southern Pacific reported strong December, with bonds steadier overall.
MENTIONED IN THIS ARTICLE
London
New York
United States
U. S
United States Steel
Raila
Canadian Pacific
New York Central
New Haven
Eries
Transcontinentals
Grangera
Mexican Petroleum
Texas Company
California Petroleum
Bethlehem Steel
Baldwin Locomotive
New York Airbrake
Crucible Steel
Colorado Fuel
Motors
Senate
Southern Pacific
New York Bond Market Report Highlights Prices and Quotes
New York bond market summary dated January 24 shows varied quotes across major issuers. Notable entries include American Cotton Oil 5a. 96 American Tobacco 6s 443. 24, Bethlehem Steel refin. 102%, Illinois Central ref 4s 89%, New York Central deb Os, and Union Pacific 4s 93%. The list catalogs government-like issues, railroad bonds, utilities, and corporate debentures with prices and percent yields.
MENTIONED IN THIS ARTICLE
New York
Americcan Agricultural
American Cotton Oil
American Tel and Tel. Co
American Smelters
American Tobacco
Armour & Co
Atchison Gen
Atchison cv
Atlantic Coast Line Con
Baltimore and Ohio
Bethlehem Steel
Brooklyn Transit
Central of Georgia
Central Leather
Central Pacific
Chesapeake and Ohio
Chicago, B and
Quincy Joint
Chicago
York Central
York City
New York State
New York Railways
Adj
Hartford
Norfolk and Western
Northern Pacific
Oregon
Pennathania
Pannsylvania
Republic Steels
DTG
St Louis
San Bran
St Louis Southwestern
Seaboard Air Line
Southern Bell Tel. Sa
Southern Pacific Ev
Southern Pacific
Southern Railway de
Southern Railway Gen
Texas Company Cy
Texan and Pacific Ista
Third Avenue Adj
Union Pacific
Union Pacific Cy
United States Rubber
United States Steel Ie
Virginia-Carolina Chemica, Fa
Wabash
Western Union Din
Westinghouse Electric Co
Anglo-French
Government bonds and cottonseed oil market notes
Government bond listings show Jan Ss refunding 2s and 3s with coupon, registered options and Panama bonds, with prices around 99 to 101. Cottonseed oil quotes report prime crude and various futures across months from January to August, with spot prices near 9.00 to 9.24 and duties noted.
MENTIONED IN THIS ARTICLE
New York
Panama
Southern Pacific reports six months of strong revenue gains
New York Jan 24 Southern Pacific Companys semiannual report shows six months ending December 31 1915 operating income 27746856 50 up 7888932 97 from 1914 operating revenue 80007311 63 operating expenses 98862619 27 December month income 3763558 44 up 1279219 12 Copper shares rallied early but eased under market pressure Anaconda outperformed most industrials Copper metals demand abroad sparks price gains May and June copper at 25 cents per pound Kuhl Loeb Co and National City Bank sold Chesapeake and Ohio 4s 3 1600000 certificates
MENTIONED IN THIS ARTICLE
New York
Southern Pacific Company
London
Chesapeake and Ohio
Kuhn, Loeb & Co
National City Bank
Adams Express
Alaska Gold
Alaska-Juneau
Atis-Chal Reese
Atlis-Chal
Am. Ag. Chem
Ag. Ch
Am. Can
Car & F
Am. Coal P. Pf
Coton
Am H&l
Inseed
Am. Lingeed Pf
Locome
Loco
Am Tel
Tel
Am. Wool
Bald
Loco. Pf
Ohio
Balt
Batopilagy
Beth. Steel
Beth, Steel
Brooklyn R. Taggagge
Brown Shoe
Burns Bros
Brunawick
Butte & Sap
Cal
THY
Can
Can. Pacific 174 BH STIBITE AG 700/Cent. Leather, 53% 53 53% 3,800|Ches. & Ohio
Chic. Gt. West
Gt. W. Pf
Chile
China
Cluett
Cluett P. Pf
Colo
Con. Gel.& P
Crucible Steel
Crucible
Erie
F. M
Goodrich, B. F
Goodrich Pd
Int. Agricul
Int Agricul. Pat
Int
M. Mar.ctta
Inter
Inter Con
Har
Kan
Lack. Steel
Laclede Gaa
Lake E. & W
Lehigh Valley
Lig. & Myerapd
Petrot
Miami Copper
Minn. & Bt. L
Minn
M.st.p
S.s.muj
M.S.P
Nash
Chat
Nav. Cloak & 100
Nat. Enam
N.R.R
M. 2Pf
Nev. C. Copper
N. Y
Central
N.Y
North Pacific
Ontario
Penna. R. R
People’s G. & C
Phil
Ry. Steel Sp
Ray Con. Cop
S. Pf
Rock Island
Seaboard A. L
Seab. A. L. Pf
Slosa
South. Pacific
So. P. R
Southern Ry
Sooth. Ry. Pf
United Fruit
United Ry Inv
Ry. Inv. Pt
U.s.clp
U.s.c.lp.&f.pt
Alco
S. Red
S. Steel
Weat, UN. Tal
Westinghouse
Weym-Brut. Pf
Woolworth
Wisconsin Cen
Willys Overid
Boston Stock Prices Show Broad Mining and Utility Activity
Boston market notes closing prices across mining and utility names led by Alaska Gold and Granby Mining with mixed results. Major rail and industrial names including United Fruit, Reading, Union Pacific, and U.S. Steel appear with varied percentages and par values amid broad activity.
MENTIONED IN THIS ARTICLE
Boston
Alaska Gold
Allousz Mining
Boston Elevated
BTM Copper Range Consolidated
East Butte Mining
Franklin Mining
Granby
Greene-Cananea Mining
Miami Mining
Mohawk Mining
St Nevada Consolidated
Iby
N. Y
Shannon Mining
Oy Superior Mining
United Fruit
Utah Consolidated Mining
Ventura Owl
Wolverine
Wanamaker Plans Big Department Store Spend in New York
New York data suggests Wanamaker considered buying a substantial plot on Forty second street near Fifth Avenue to build what would be a world class department store, though current reports are likely unfounded. The piece also notes church trustees investing funds in rental real estate around churches like Trinity Grace and the Brick Church, with projected incomes and an estimated near four million dollar property opportunity near a planned new church.
MENTIONED IN THIS ARTICLE
New York
John Wanamaker
Forty-second Street
Fifth Avenue
Manhattan
Grand Central Station
James J. Belden
Belden
Syracuse
Congress
New York City
United States
Trinity and Grace
Fifths Avenue
Salsa
St. Bartholomew's Church
Holland
Treasury Daily Financial Snapshot With Deficit Figures
The United States Treasury reports a net balance of 103,942,628 in the general fund and total receipts of 1,878,017 with payments at 162,828. The fiscal year shows a deficit of 357,897,313, up from last year’s 67,779,578, exclusive of Panama Canal and public debt transactions. Available assets include gold at 27,000,143.32 and various notes, plus 1,698,960,091.53 in total cash assets in the general fund and outstanding redemptions this month at 41,808,985.09.
MENTIONED IN THIS ARTICLE
United States Treasury
Panama Canal
York
Generel Fund
Treasury
United States
Federal Reserve
National Bank
Federal Reserve Banka
National Banka
Philippines
General Fund
Daily Cotton Market Slides After Wall Street Selloff
New York traders pushed March cotton to 12.14, then closed 12.21 amid broad selling from Wall Street and local markets. Futures show a net decline of 7 to 13 points, with mixed regional quotes on copper, butter, eggs, cheese, and other commodities, reflecting a cautious session.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Southern
Washington Stock Exchange notes in memory of Henry Hurt
The Washington Stock Exchange adjourned yesterday as a tribute to Henry Hurt. A committee of Daniel Staser Albion K. Parris and William B. Hibba was formed to attend Hurt’s funeral and draft resolutions. Hurt was a governing committee member, regular at daily sessions, a large stockholder and director in several Field institutions and public utilities.
MENTIONED IN THIS ARTICLE
Washington Stock Exchange
Henry Hurt
The
Exchanged
Daniel Staser
Albion K. Parris
William B. Hibba
Exchange
Hurt
the Exchange
Finefield
Also Mentioned on This Page
Metal Shares Firm
Sine
Anaconda
NEW York Stock Market
Baltimore Securities
Flather, Moorhead & Elmore
Beate Ee
Baltimore
Stocka— Consolidated Coal
Houston Oltretts
United Rys
Elec
Baltimore City
Seas Consolidated Power
Pa W
Inc
Wanamaker’s
Big’ Department Store
Trinity and
Grace
Northern
Metal Exchange
Spot
Washington Cattle Market
Hennery Browne
Kansas
Middle West
PQRT
New Orleans
Galveston
Mobile
Savannah
Charleston
Wilmington
Norfolk
Ras
Philadelphia
Minerport
Houston
Memphis
Augusta
St. Louis
Cincinnata
Little Rock
A.B. Leach & Co. Investment Securities
Broadway, New York
Washington
Sents Flather
Moorhead & Elmore
15Th St
Firat
Swartzell, Rheem & Hensey Co
Fifteenth Street
N. W
Globe
Wernicke
Fire Globe“Weenicke Co
St. N. W
Wash. Ry
Potomac Con
Capital Traction
Rey
Washington Gan
Georgetown Gas
Washington Utilities Co
Mergenthaler
Laneton
Continental Front
Wash
Southern Bank
Washington Rev. Ptd
Washington Gas
Lauston
Munvey Trust
Continents Trust Ca
N. & W. Steamboat
Washington Baseball Club
Miller Train Control
Thomas L. Hume
Interborough Rapid Transit Company
Public Service Commission
Standard Oil
John H. Putnam & CO
Broad St
Pearl Street
Conn
Main Street
Springfield
Mans
Standard Oil of
California
Borstment Actiritier 6
Exchange Place
gazYou
National Savings and Trust Company
Union Savings Bank
Wade H. Cooper
DD. C
Oklahoma Oil