New York Stock Market Reacts To Syndicate Actions
The New York money market shows bank loan contraction of over 4 million in a week with 10 million paid on Union Pacific bond subscriptions and a 25 million call for steel merger funds. Stocks surge on optimism of western railroad consolidation with Denver & Rio Grande leading gains, while smelting and steel issues retreat and overall market closes buoyant amid renewed confidence in large syndicate plans.
MENTIONED IN THIS ARTICLE
New York
Union Pacific
Steel Syndicate
Missouri Pacific
St. Louis
Chicago
Indianapolis
Burlington Appk
Loulaville & Nashville
Wall Street
Southwestern
Wabash Securities
Vanderbilt
Wabash
Eries
Fall Street
Wientein
South Africa
Russia
Standard Oil Company
Canion Pacific
Secretary of the Treasury
Treasury Department
New York Banks See Surplus Reserve Rise Despite Cash Decline
The Financier reports deposits liabilities contracted by 65 million during the week, reducing cash holdings by 1.162 million over six days. Despite this, the shift was offset by reserve processes, yielding an actual gain in the surplus reserve as of Saturday.
MENTIONED IN THIS ARTICLE
New York
The
Treasury
Western Live Stock Sale Announces Early 1901 Auction
The Western Live Stock Commission company plans its first annual horse sale for April 24 to 29 1901 with locations in Bozeman or Billings Montana. The event will feature a 6000 head mixed range horse lot, auctioned in buyer friendly parcels. Burt Marsh will conduct the sale and horses can be consigned until April 11 1901. Correspondence invited. for details contact Charles Newman Box 251 Butte Montana.
MENTIONED IN THIS ARTICLE
Western Live Stock Commission Company
Bozeman
Billings
Mont
Burt Marsh
Charles Newman
Butte, Mont
Trading in local metal market shows weekend strength
New York market reports strong weekend activity in the local metal trade. Tin steadies at 25.60e, lead quiet at idle levels, spelter weak but unchanged, copper dull with lake at 17e and casting at 164c. Pig iron warrants range $9.6 to 10.6, northern foundry around $15.50 to $16.75.
MENTIONED IN THIS ARTICLE
New York
London
Sns
Northern Foundry
London buying steadies New York stocks in quiet day
The Commercial Advertiser reports a quiet New York market awaiting settlement. Americans opened heavy on overnight hesitation but recovered on London and continental buying of Denver & Rio Grande and Northern Pacific. Close prices improved and money eased as the bank bought 267,000 in gold bars.
MENTIONED IN THIS ARTICLE
New York
London Financial Cablegram
London
Denver & Rio Grande
Carder Bros Glass and Painters Supplies Ad
Carder Bros offer well pore window glass putty moulding and painters supplies at 21 E Quartz street Butte telephone 104 Ready for orders and local service.
MENTIONED IN THIS ARTICLE
Carder Bros
Quartz Street
Butte
Market cattle and grain notes from Omaha and Kansas City
Cattle receipts around 300 at Omaha with mixed prices for steers cows and heifers calves and bulls. Market steady to slightly stronger. hogs and sheep trading with varied prices in Omaha and Kansas City. San Francisco notes on wool and silver and railroad stocks in London.
MENTIONED IN THIS ARTICLE
Omaha
Heeft
Texas
Kansas City
Treasury balances show available cash and gold reserves
Washington on March 2 reports the general fund balance excluding the $150,000,000 gold reserve. Available cash totals $102,440,176 while gold holdings stand at $93,923,165 in the division of redemption.
MENTIONED IN THIS ARTICLE
Washington
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