Heavy profit taking advances in minor issues
A Wall Street report from June 27 notes continued advance in top stocks despite speculative selling. Steel preferred and Union Pacific rose to near highs before a broad midday gain eased, with Reading, Steel common, and Pennsylvania mixed. Analysts highlighted convertible Delaware and Hudson bonds as attractive savings-bank investments amid gold inflation concerns and optional stock conversion potential.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Wall Street
London
Union Pacific
Pennsylvania
Steel Preferred
Steel
Republic Iron and Steel
Sheffield
Tennessee Coal and Iron
Soo
Mickel
Delaware and Hudson
Delaware and Hudson Stock
Connoll
Rentes
Paris
International Exchange
Chicago
Mechanics and Traders Bank Changes in Control
In New York on June 2 E R Thomas and R Livingston Beedman gained a controlling stake in Mechanics and Traders Bank of the city. The bank, a state institution with $7000000 capital, about $4000000 surplus and around $45000000 in deposits, has seen its stock rise sharply, trading near 3170 last week from 1150.
MENTIONED IN THIS ARTICLE
Mechanica and Traders’ Bank Change
New York
E. R. Thomas
QO . Thomas
R. Livingston
Wall Street Gossips on Market Swings and Big Stocks
The June market shows a pendulum swing with profits taking in Union Pacific and Erie. Bulls in Reading resist, while Northwest wheat futures rise in Chicago as analysts debate crop prospects. A shift in Hill stock activity and southern rail earnings temper speculation, with European wheat limits and Atchison under scrutiny for future value.
MENTIONED IN THIS ARTICLE
Chicago
Hill
Northern Pacific
Hill Roads
Europe
Pacfic
Walter Heston joins Washington Stock Exchange leadership
Walter Heston, who joined the Washington Stock Exchange in March 1898, is described as part of the younger element though his achievements show maturity. He served as treasurer, acted as chairman in Hibbs's absence, and was elected vice president last November. His modest style and wish to avoid notoriety are noted.
MENTIONED IN THIS ARTICLE
Walter Heston
The
Stock Exchange
West End
Citizens’ Combination
Traders’ Bank
United States Electric Light Company
Exchange
Thaa
Hibbs
Rado
Walter Hieston A Prominent Trader And Investor
Walter Hieston earns wide notice for rapid buying and selling on his own account through Lanston and Mergerthaler. He co founded a Lincoln Fire Insurance Company affiliate and now sits as director of Potomac Fire and District Tithe Insurance Companies and Traders National Bank. An avid outdoorsman, he supports Columbia Golf Club and Blue Ridge Rod and Gun Club, with a noted gentle, gentlemanly bearing.
MENTIONED IN THIS ARTICLE
Walter Hieston
Lanston and
Mergerthaler
Mesars, Wescott and Wilcox
Lincoln Fire Insurance Company
Potomac Fire
District Tithe Insurance Companies
Traders’ National Bank
Columbia Golf Club
Blue Ridge Rod and Gun Club
Byron
Don Juan
Natura
New York Cotton Market Surges to Year Highs
The New York cotton market remained active and firm, advancing over 30 points from last night as traders priced in reports of Talus in the Southwest and weather data. New Orleans and Liverpool buyers helped push prices higher, with a late afternoon climb after the weekly weather report showed crop improvements still lacking.
MENTIONED IN THIS ARTICLE
Raf Oa
Wees
New York
Uys
Aten
New Orleans
Liverpool
Nome
Claus Wa
Daily Cotton Market and Grain Prices Report
Baltimore June 27 wholesale prices show steady to firm grains with mixed cattle hog and lamb futures. Wheat and corn futures hold firm with Southern varieties cited. hogs steady to higher as cattle markets remain cautious while receipts reflect ongoing market activity. Treasury receipts and expenditures include $228,148 in bank note redemptions and $1.3 million in expenditures.
MENTIONED IN THIS ARTICLE
Baltimore
Mil
Hug
New Southern
Lanston stock straddles opening dip amid brisk selling
The Lanston stock opened at 151-2 and quickly rose to 151-4 before broad selling pushed it back. Brokers who previously favored it showed selling pressure as others bought up options, with rights and other securities trading at notable levels while Washington Railway, Gas and other issues moved in mixed fashion.
MENTIONED IN THIS ARTICLE
Lanston
Mergenthaler
Washington
National Union Insurance Company
Washington Stock Exchange
Chicago Grain Market Moves as Rain Pressures Wheat Prices
Continued wet weather in the Northwest lifted bullish sentiment in the wheat trade though July weakened on pit pressure. Wheat for nearby delivery rose about one and a half points with September held firm, while July sagged on harvest pressure in the Southwest. distant deliveries stayed firm amid general demand and expectations of new wheat supplies.
MENTIONED IN THIS ARTICLE
Northwestern
Chicago
H. V. Jones
Northwest
W. B. Hibbs & Co
F Street
New, York Stock Exchange
Washington
Stock Exchange
Chicago Board of ‘Trade
Deliverien
Also Mentioned on This Page
Cail
Ateady
Sava
Prime Mercantile
Afteen
Erie
Reading
Erle
Thomas F. Woodlock
Jones
Atchigan
Ito
Atchison
NEW York Stock Market
Texas and Pacific Meay
Toledo
BL L
Ab Ctoaing
Tolledio
Union
Adame Express
Union Pasihewis
United Atutea
United Btatan Beatty
United States Rubber
American Express
United States Rubber ‘Co
United States Steel
American Tea Recurition
United States
Carolina
Oye An
Wells-Fargo
Smolt's
Rts
Wentinghoore Electric
American Sugar Refining
Western Jalonic Akn Am. Tobacco
Wheeling and Lai
Sauspade Siting Co
Wisconsin Central
Acelitson
Wisconsin
Atlantic Coast
Baltimore and Ohio
Brooklyn
W. B. Hibbs & Central
New Jersey
Chemapaake
Ohio
Chicago and Alton
Ay Exchange
Chicao
Chicago and Alton Pté
Great Western
Bt P
Havana
Bomr
Chicago T. and
Colorado Fuel and Iron
American Tobacco
Cartheater
Colorado and
Southern
Atchison General de. Vane iv
Atchison Adjuntment
Linu
Rthmore
Delaware and Hudson cc
Central of Georgia
Det
Lack
Lot Inc
Denver
Rio Gran
Central of Georgia 24 Inc
Rio G
Chenspanke
Dimillers’ Securities
Alfonsia
Erte
R. 1
Pacific Tt
Buriington
Quincy
Roco
Pacific R. R. Cota
Eria
C. c. Ay
General Electric
Chicago Tarminal da
Lauegen
Great Northern Pfi
Colorado Ind
Hocking Valley
Colorado
Minola Central
Colorado Aid Southern du
Irtarnational Papar Pf
Rio Grange
Cintiera’ Securities
Towa Central
Bale
Bele General
Kansas City Southern
Fort Worth
Denver City
Islano
Kenews City
Southern Ptt
Loutrvilla
Neshville
Japan
Manhattan
di Metropolitan Securities
Kansas
Texas
Kans
Tex
R. A. of Mexico
New York Central General Sibs
Mexico
Northern
Pacife
Low York Sentral
Worthern
Pacife Sa el
Ontario
W's
Norfolk
Weston Connol
Orinikk
Westarz
Norfolk and Western Pla
Pennssivania
Reading General
Louia
Iron Mountain Gaarage
St. Louia
San Francisco
Tg. du
Balfoo
St. Jouly Southwestern Gon
Pai O Pouple'a Gas
Seaboard Air Line
Ag Pita
Southern Pacific
Southern Railways
Texan and Pacific
St. Louis
Westar
Ang San F. Td Pt
St Loula Southwestern
L. Southwestern
Pavite
Southern Railway
New
Kin
New York Stock Exchange
Chicago Board of “Trade
Washington Cattle Market
Tel de Tand
Treasury
National Bank
Galveston
Stordy
Moble
Fim
Ion
Savannah
Aia
Charleston
Nominat Vo
Wilmington
Steaay
Baltimore— Nominat
Boston— Bread
Ma Philedsiphi Firm
Fersacci
Port Townson
Hon Francisco
Houston
Tei
Arumanio
Memphia
Great Britain
France
Yorte
Montco
Local Financial
Washington Railway Company
Second National
Natonal Capital
Seles
Chesapeake and Potomac
Norfolk and Washington Steamboat
Traction
Washington Railway and Electric Preferred
Washington Railway and Electric Common
Washington Gas
Lauslau
Greyne Copper
Cach
Waahington
Diedele
Waahington Gis
Lenston
Stock Exchange- District of Columbia
Philippine Lisd
Capitol Traction Railroad
Metropolitan Railroad
Columbia Railroad
Columbia, Railroad
City and Buburben Railroad
Avacontin and Pominas Railroad
Weshington
Washington Gas Company Fe
Washington Gas Company
United Glatea Electric Light
United States Electric Light
Chesapeake and
Otemae Telephone Ga
Washington Market Company
Potomec Electric Light
Washington Staambont Ba
National Safe de* Peatt
Truat
Washington Loan and Truet
American Security and Trust
American
Treders
Lincoln
Riggs
Firemen'a
Franklin
Metropolitan
Corcoran
Potomac
Arlington
National Union
Columbia
People'a
Commercial
Colonial
Real Ratate
Columbia Title
Chicago Grain
Besigeater
Government of the
Philippine Island
Ernatiqn
Banking % Corporation
G Street
Deposis
Union Trust Co
F St. N. W
HOSE
Brocka
National Safe Deposit, Savings & Trust Co
District of Columbia
Swartzell, Rheem & Hensey Co
Warner Building
Mutual Life
Mutual
CIA
Massachusetts
F. H. Smith Co
N. Y. Ave
Bond
Commercial National Bank
Traders National Bank
AFE
Washington Safe Deposit Co
Ps. Ave
Minnespalia
Osicago
Kskgesy
NEW Jersey Plate Glars Insurance Company
Newark
N. J
Honda
Stocks
Premiunm
Wong
Monee
C. Hoagland
the Rock, Rain, and Provision Company
New Yali
Ibth
Department For Ladies
Maryland
R. R
Wabash R. R
WM. A. Read & CO
Boston Stock Exchanges
N. W
Neiecietecieedeeeledeciecieciels
Nati I Riggs
Seabee
Equitable Co-Operative
Equitable Building
F St
John Joy Eason
Eille Speer
Geo. W. Caallear
Frank Preeside
Washington Loan & Trust Go
Sts
Paaids
Spon Delancey
Tata Company
Acta
Real Estate Department
John Joy Epsom
John A.swope
Ellis Ephar
Andrew Parkes
Harry G. Meex
Boyd Taylor
Thomas Bradlet
Francis Hmith
Aftin M. Lothrop
Pres
Quincy Smith
John B Sleman
Walnon
Union Savings Bank
4Th
Citizens
Rmust? CO
Commercial Bank
N. W. Gov
Tolman
Gorcoran
Plas
Aloes
Fc c
Mational Mortgage Loan Company
F Sr
Mutual Loan and Trust Co
F St. N. W. Roome
Potomac Guarantee
Franna
U. S
Crain
Tol
Ofica Quick Servics
R. Lappin
Fy. Jenkins & CO
Greulich
Martin & GO
Amies Ie
Chesley & Spence
Colorado Building
Wade & Hedges
M.J. Sage &Co
Broadway
M.Y
Atlantic Building
Arthur Wall
Lynn, Wall & Co
Adams Building
Sooners
Heal
Weiskell & McLeran
Joan W. Frank
Planos
Gopca
American Loan CO
ST. NW
Shere Ant
Metropolitan Loan and Trust Cs
Virginia and Marylin National Loan Fond Inv
Mike