Wall Street Holds Gains Amid Bank Statement Woes
New York markets showed early strength but faded as bank data revealed a cash reserves decline of 1.29 million dollars. Atchison led gains with 3 percent rise while rails and gas stocks followed. heavy loan repayments and pending Northern Pacific settlement shaped trading while gold exports and London money markets influenced the overall tone.
MENTIONED IN THIS ARTICLE
New York
Europe
Atchison
Baltimore & Ohio
Lackawanna
Rock Island
Illinois Central
Chicago & Alton
Pittsburg
Cincinnati
Chicago
Clearing House
Stock Exchange
London Stock Exchange
Northern Pacific
London
Humpty-Dumpty
Northern Pacific Ae
Commission
Paris
Treasury
U.S
New York Imports and Specie Values For the Week
New York reports imports of dry goods and merchandise valued at 11.74 million dollars for the week. Exports of gold and silver totaled 2.81 million dollars with 617 thousand in silver and 2.20 million in gold. The principal specie for the period were 33 thousand dollars in gold and 414 thousand in silver.
MENTIONED IN THIS ARTICLE
New York
Banks Report Largest Weekly Loan Decline Since 1881
Associated banks reveal a 24.2 million drop in loans and a 25.9 million fall in deposits for the weekend, with liquidations in the stock market cited as driving the payments. The week’s loan contraction surpasses the prior record from March 5, 1881, while circulation and legal tenders rise modestly and gold reserves edge lower.
MENTIONED IN THIS ARTICLE
New York
Market swings on Chicago wheat amid strong demand
Chicago May 18 report shows wheat active, initial selling from disappointing cables, later rally on large continental demand. July wheat up to 7 16c, May and oats mixed, cash bids varied. Cattle and hogs steady to firm with strong pork futures, receipts and prices listed. livestock markets show firm demand and solid ranges across grades.
MENTIONED IN THIS ARTICLE
Chicago
Allis Chalmers proposed stock issue and consolidation plan
The document outlines the consolidation of Allis Chalmers from The Edward P. Allis Co Fraser & Chalmers Gates Iron Works and Dickson Mfg Co with a preferred stock issue of 16.25 million dollars eligible for cash or plant in lieu of cash. It details liquidation and cumulative dividends, convertibility into common stock, par value, and prospects of 7 to 10 percent profits after consolidation, with listings planned on the New York Stock Exchange. Subscrip tions are invited by May 21 with underwriters confident in the investment.
MENTIONED IN THIS ARTICLE
Certificate of Incorporation
Board of Directors
New York Stock Exchange
Allis-Chalmers Company
Edward P. Allis Co
Milwaukee
Wis
Fraser & Chalmers, Incorporated
Chicago
Gates Iron Works
Dickson Mfg. Co
Scranton
Julian Kenedy
United Companies
Allis
Fee
Messrs. Jones, Caesar & Co
Chartered Accountants
Fraser & Chalmers
Messrs. Allis and Reynolds
EF. P. Allis Company
W. J. Chalmers
Gates & Hoyt
Omaha and Kansas City Livestock Markets May 18
Omaha market receipts show cattle and hogs strong with mixed classes. native beef steers to 5.0 per cwt and hogs selling mainly 5.65 to 5.82. Kansas City reports steady cattle and stronger hogs with pigs and lambs decoded. wool and mining stocks noted in separate briefs. Treasury balance shows available cash 159.147 million and gold reserve 95.971 million.
MENTIONED IN THIS ARTICLE
Chicago
Cnorce
Omaha
Texas
Kansas City
Treasury
Washington
Also Mentioned on This Page
Daily Record of
NEW York Stock Report
Uce
Review of Trade
Amercan
M. & Ref
Anaconda Eta
Brooklyn Rapid Colorado Fuel & Tron Continental Tobacco
General Electric
Vex International Paper
Laclede Gas
Ccsess National Biscuit National Lead National Salt
Pacific Coast Pacific Mail People’s Gas
Pullman Palace Car
Coal & Iron
Union Bag & Paper U
Western Union
Tran
Chicago Great Western
Erie 2d
Hocking Valley
Consolidated Gas Hocking Coal
Sapley International Power
Republic Steel
Saehe
Money Market
Prime Mercantile
Sterling Exchange
Metal Market
Lake Iie
Northern Foundry
St. L
Colorado
del & Hudson
Great Northern
Eens
Ilinois Central Eersedcos
Lowa
Lake Erie & Western
Manhattan
Louisville & Nashville
Met
St. Tee
Issourt
Central Capecsesenedes
Southwestern Tee Sr
Southern Pacific
Au Southern Railway
Texas & Pacific
Union Pacific
Wisconsin
Shya Adams Express
American Express Tee
Senna
Wells-Fargo
United States
Sapepee Seeeerecces Teeters
Amalgamated Copper
Eeeconesens
Adams Con
Brunswick
Comstock Tunnel
Renee
Con
Cal
Ontario
Phoenix Corp
Savage
Sierra Nevada
DR. Bennett
Dr. Bennett Electric Belt Co
Duports and Exports
Northwestern
Allis-Chalmers
State of
New Jersey
Fedward D. Adams
Charles Allis
Mark T. Con
Orange
N. J
William W. Allis
WM. J. Elkins, Jr
Philadelphia
Frank G. Bigelow
Albert H. Gary
Henry W. Hoyt
James H. Eckels
William A. Read
Man Pam
James Stillman
Edwin Reynolds
Cornelius Vanderbilt
Messrs. Strong & Cadwalader
Messrs. Pam, Calhoun & Glennon
Vermilye & Company
Boston
Boston Mining
Bingham Mining Co
Jimakea
Calumet & Heela
Pakeks
Centennial Pranklin
Fumgetsorge Scieccosne Ees Osceola
Parrot
Anita Fe Copper Tamarack
Utah Mining Wioessesscee Ven
Winona
Yrerh Esekede Wolverines
Tree
San Francisco
Nevada
Oregon
Valley Oregon
Mountain Lake
San Joaquin Plaine
Humboldt and Mendocino
The
Denver
ST. Louis
Los Angeles
Portland
Pacific Coast
Ogden
Salt Lake City
North Main Street
Hutte, Mont
H.O. Wilson
RED Seal Union
R. L. McDONALD @ CO
St. Joseph, Mo
M. Co
Anaconda
Carr
Grant's
Grant
Down, Ee
Main Street
Butte
Union
Real Northern
Great Falls
Helena
Seteve
North Coast Limited
East
West
Mast
Oregon Short Line Railroad
Northern Pacific Railway
Mtsu UN
Essentials
St. Joseph
Logan
Phil Daniels
East Broadway
Butte, Mont
Northern Commercial Company
St. Michael
Yukon River
Seattle
Conemaugh
St. Paul
Dawson City
Empire Transportation Company
Puget Sound
Seattle, Wash
Missouri River
Whitehall
Twin Ridges
Norris and Pony
N. P
Anise
V. H. Merriman
Minneapolis
St Paul
Otty
J.B. Dawson
Tellate
Livercros
Ste
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