Rebound in Prices on the New York Stock Exchange
Prices rebounded to weekly highs as gains in the transcontinental group and strength in Chesapeakes and Ohio shares supported the market. Positive views on future European investment, lower Paris discounts, and a firmer local money market aided sentiment. Banks reported over 62 million dollars in surplus reserves as profits and bond activity drew volume.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
New York City
Europe
Paris
London
Stock Commission
Ticker Talk London Shares Edge Higher
London markets show slight gains as week and trade reviews report unchanged conditions but brighter steel prospects due to railways borrowing ability. Banks add about four and a half million dollars this week while loan expansion seems likely. Government to begin friendly suits over coal carrying roads to test Hepburn bill’s cen sonality and New York may issue revenue bonds.
MENTIONED IN THIS ARTICLE
New York
Market Bullish Tone Signals Inside Support Steady
Commission business rises as public and outsiders are educated to react. Bank statements are favorable, suggesting ongoing bullish manipulation unless unforeseen events occur. Inside banking and investment interests largely drive weekly stock buying. Profit-taking appeared at the close. Northern Pacific toward 140 next week. M K and T forecast to rise. Southern Pacific around 90 predicted.
MENTIONED IN THIS ARTICLE
H. M. Beazell
Northern Pacific
Southern Pacific
Paze & Hil
Market Opens Strong Amid Firm Tone to Close
Market opened strong and stayed firm with only slight price shading at close. Missouri Pacific rose sharply as scarcity of supply pressured shorts. traders noted overall strength despite a general expectation of a market reaction.
MENTIONED IN THIS ARTICLE
Missouri Pacific
Hall & Criss
Party
Foreign Bourses Open Quietly as Dividends Boost Money
London May 2 Money in better supply due to dividend payments eased discounts. The Stock Exchange reopened quietly with small attendance as investment buying was light. Consols firm near 86 5-16 for money and 86 5-16 for account. Rail stocks weakened on North labor unrest. Anaconda 7% and major rails show mixed results.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Anaconda
Atchison
Baltimore & C
Canadian Pacific
Chesa
Market notes and bonds slide in mixed regional listings
A listing shows varied percent values for railroads and industrials including Peake & Ohio 86 percent, Chicago Great Western 5, New York Central 104, United States Steel 37, Amalgamated Copper 62, Rand Mines 6 and Spanish 4s at 92. Bar silver holds at 24. Money and discount figures cited, with Paris and Berlin bourses noting modest gains and rate shifts.
MENTIONED IN THIS ARTICLE
Peake & Ohio
Chicago Great Western
Chicago
Milwaukee & St. Paul
de Beers
Denver & Rio Grande
Erie
Grand Trunk
Tiilnoig Central
Louisville & Nashville
Missouri, Kansas & Texas
New York Central
Norfolk & Western
Ontario & Western
Pennsylvania
Rand Mines
Reading
Southern Railway
Southern Pacific
Union Pacific
United States Steel
Wabash
Amalgamated Copper
Banks Report Mixed May Week Amid Large Loans and Deposits
The associated banks for the week ending May 2 show complex factors from a $40 million Pennsylvania loan to $25 million Interborough notes. Loans and deposits rose while surplus reserves fluctuated. cash grew, but circulation fell. Interior bank receipts are set to rise as public deposits are met.
MENTIONED IN THIS ARTICLE
Will
Pennsylvania
Interborough
Europe
Canada
Treasury
New York
Greater New York
Clearing House
Imports and Exports at New York Port Weekly Totals
Imports of merchandise and dry goods at the port of New York for the week ending April 25 were valued at 12 694 830 dollars. Imports of specie for the port of New York for the week ending today were 28 022 silver and 112 191 gold. Exports of specie from the port of New York for the week ending today were 4 053 108 gold and 882 846 silver.
MENTIONED IN THIS ARTICLE
New York
Port of
Financial and Personal Notes from Local Interests
Visitors at the Business Men's Club included Mayer Denver Maxen Ograw Sprague and Dicker son. Memorial resolutions were adopted for John H. Leiding of Woodward Lodge No 149. Clarence Penn was appointed to the Internal Revenue office. Union Gas and Electric held a dance for female staff. Dressed meat freight rates to the South are set to rise 3 to 10 cents per 100 lbs within sixty days. Toledo Bowling Green & Southern stockholders meeting postponed to May 18 to discuss using Toledo Urban & Interurban tracks. Hamilton County League of Building Associations to hold June 13 outing at Chester Park. U S Subtreasury April volume totals and currency movements noted with receipts and disbursements. Cincinnati may link to Chicago via ten foot barge canal within ten years. Miami and Erie Canal Shippers' Association favors Defiance Chicago canal project and renames to Miami and Erie Deep Waterways Association.
MENTIONED IN THIS ARTICLE
Cincinnati
Ohio River
Chicago
Harry Probasco
Washington
Miami and Erie Canal Shippers’ Association
Business Men’s Club
Probasco
Defiance
Ft. Wayne
Miami and Erie Deep Waterways Association
Rail accounting officers pick Cincinnati for April meeting
A Washington telegram reports the Association of American Railway Accounting Officers selecting Cincinnati as the site for their next convention in April. Officers elected include W J Hobbs as president and W T Bailey as second vice president. C F Krebs and C G Phillips also elected to top posts, with C A Lutz named to the Executive Committee to fill Bailey’s vacancy.
MENTIONED IN THIS ARTICLE
Washington
Association of American Railway Accounting Officers
Cincinnati
W. J. Hobbs
Boston & Maine Railway
C. F. Krebs
Illinois Central
W. T. Bailey
Atchison, Topeka & Santa Fe System
C. G. Phillips
Charles A. Lutz
Louisville & Nashville Road
Haigh Elected President After Comstock Death On Rail Line
Henry A. Haigh of Detroit attended a Cincinnati Georgetown and Portsmouth Railroad meeting held at Frank F. Dinsmore's office. The board adopted resolutions praising late President Comstock and Haigh was elected director and President to carry out his policies. He noted heirs would maintain the road to West Union and Portsmouth. General Manager White cited a 10 percent rise in last year's business and optimistic prospects for the new season.
MENTIONED IN THIS ARTICLE
Henry A. Haigh
Detroit
Mich
Cincinnati, Georgetown & Portsmouth Railroad Company
Frank F. Dinsmore
Comstock
Road
Toledo Railways and Light Advances in Active Week
The week brought strong activity in stocks and municipals led by Toledo Railways and Light. Gains in gas stocks and Cincinnati area utilities were noted while money markets held firm with call loans around 5 percent. New York Exchange opened strong, bid premiums held, and several Toledo shares traded on call and in the open market amid broad market strength.
MENTIONED IN THIS ARTICLE
Toledo Hailways and Light
Cincinnati
Newport & Covington Light and
Cincinnati Street Railway
Procter & Gamble
Cincinnati Sinking Fund
Hamilton
Cleveland
Toledo
Columbus Railwayss
Newport & Covington
Omaha & Council
New York Exchange
Toledo Rys
Light
Tole Rys
Cincinnati Street
Cincinnati School
Sihieehesen
Edison Electric
Gas and Electric
Portland
St. Ry
Col
Toledo Rys. and Light
N. & C. First Ds
Owen Market
Cin
Money and bonds report from New York and Boston markets
New York and Boston financial updates show money on call firming, short term rates at 2 to 5 percent, and a mix of government and railroad bonds steady or stronger. Quotations cover sterling exchange, Mexican dollars, and a wide list of industrial and utility stocks with varied bids and asks.
Boston Mining Prices and Bids Reported
Boston market report lists many mining shares with bids and prices as of May 2. Stocks include Amalgamated Connecticut notations and multiple miners such as Calumet and Hecla Granite Arizona Commercial and others with varied figures.
MENTIONED IN THIS ARTICLE
Boston
Adventure
Allouez
Amalgamated
Atlantic
Bingham
Calumet and
Hecla
Centennial
Copper Range
Daly- West
Franklin
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion M
Oseceola
Parrot
Quincy
Shannon
Tamarack
Trinity
United Copper
United States Mining
United States Oil
Utah
Victoria
Winona
Wolverine
North Butte
Butte Coalition
Nevada
Calumet
Arizona
Arizona Commercial
Greene Cananea
London Stock Exchange Week Review Amid Modest Activity
The London Stock Exchange saw modest weekly activity with broader transactions and new issues. Consols fell 3-8, debentures weakened on North labor troubles, foreigners and Kraffirs lingered and Paris leaned toward selling. The American section provided volatility, Wall Street offered support on crop news, New York closed firmer Friday, Illinois Central and St. Paul rose, and money rates edged higher with slight easing later.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Standard
Paris
Wall Street
New York
Illinois Central
St. Paul
Bank of England
Clearing House Banks Report Higher Reserves in New York
Clearing House banks show a reserve surplus of 62 352 900, up 3 368 150 from last week, with deposits rising to 1 257 759 200 and circulation down 1 116 900. Nonmember banks report deposits of 856 926 500, cash on hand 58 784 800, and loans 829 127 500.
MENTIONED IN THIS ARTICLE
United States
New York
Clearing House
Banks
Greater New York
Turpentine and rosin markets across several cities
Reports from Charleston Savannah and other cities show turpentine steady to quiet with no sales in Charleston while Savannah records 378 barrels sold and 2,539 barrels of rosin sold and shipments totaling hundreds of barrels. Oil City Wilmington and Toledo provide miscellaneous price updates and production figures.
MENTIONED IN THIS ARTICLE
Charleston
Savannah
Oil City
Wilmington
Toledo
North Lima
South
Lima
Indiana
Metal markets steady with mixed copper and tin quotes
New York on May 2 reports quiet metal markets as cables absent. Tin ranged 31.50 to 31.60 per unit while copper showed unsettled tones with producers hopeful for higher prices. Lead held at 4.04 to 4.05, spelter 4.60 to 4.65, and iron unchanged. St Louis cites lead 4.24 to 4.05 and spelter 4.55.
MENTIONED IN THIS ARTICLE
New York
Renoria
Lake
ST. Louis
Coffee futures steady as May advances in quiet New York market
The coffee futures market opened steady with a 5 cent net gain by close, trading was quiet and offerings sparse. May contracts quoted around 5.80 to 5.85 cents, June 5.85, July 5.90, September 5.95 to 6.0, December 6.0 to 7.05 cents. Spot Rio around 76 cents and Santos 48 to 48.5 cents. Cordova offers 3.4 to 4.12 cents.
MENTIONED IN THIS ARTICLE
New York
Rio
Santos
Cordova
Dry goods market in New York shows cautious improvement
The New York dry goods market edges up but activity remains limited at satisfactory prices. Jobbers announce plans to offer many desirable wash fabrics and white goods next week. Linings are lower for fall. Burlap prices rise while stock levels stay tight.
MENTIONED IN THIS ARTICLE
New York
New York Mining Prices Reported May 2
New York mining prices list Adams Con .06 Alice 2.00 Breece .10 Brunswick Con .10 Comstock Tunnel 88 Con. Cal and Va. 40 Iron Silver 1.00 Leadville Con .06 Little Chief .0 Ontario 4.25 Ophir 2.30 Potosi .U Savage .% Sierra Nevada 3 Small Hopes .18 Standard 1.50.
MENTIONED IN THIS ARTICLE
New York
Adams
Alice
Brunswick
Comstock Tunnel
Con. Cal
Leadville
Little Chief
Ontario
Potosi
Savage
Sierra Nevada
Small Hopes
Standard
Treasury balances show available cash and gold totals
Washington May 2 Treasury statement lists general fund balances excluding the $150 million gold reserve with available cash $252,523,453 gold coin and bullion $13,970,423 and gold certificates $29,002,586.
MENTIONED IN THIS ARTICLE
Washington
Treasury
General Fund
Imperial Bank of Germany weekly statement shows mixed changes
Berlin May 2 The Imperial Bank of Germany weekly statement reports cash in hand down 478 000m loans up 18 637 000m discounts up 94 267 000m treasury bills down 5 991 000m notes in circulation up 90 956 000m and deposits up 6 941 000m.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Treasury
Clover Seed and Timothy Prices Reported in Ledger
In Ledo on May 2 prices listed for Clover seed at cash 13 dollars and October 7.70 dollars. Timothy seed labeled Prime priced at 2.13 dollars.
MENTIONED IN THIS ARTICLE
Ledo
Clover Seed
Timothy
Prime
Golton Seed Oil Prime Cotton Oil Quoted
New Orleans May 2. Cotton oil market shows Prime at 4c.
MENTIONED IN THIS ARTICLE
Golton Seed Oil
New Orleans
Railroads show earnings decline across weeks and months
U S railroads report for April three weeks gross earnings of 17 567 174 dollars a 17 6 percent drop from a year earlier March three weeks showed a 12 2 percent loss The March statement includes major systems across the nation noting Jersey Central Reading Rock Island Chicago North Western and Atchison losses within the Granger and Southwestern groups The full statement is printed below.
MENTIONED IN THIS ARTICLE
United States
Jersey Central
Reading
Rock Island
Chicago Northwestern
Granger Group
Atchison
Southwestern
Ohio incorporations filed in Columbus May 2
Special dispatch lists five new companies and one capital increase. The Wonder Chemical Company in Cleveland and The Pasteur Chemical Company in Cincinnati each file with $10,000 capitals. The Ohio Valley Rapids Water Company in Steubenville, The Steering Wheel Company in Sidney, and The Selby Estate Company in Coshocton each file for $10,000, with various named principals. The National Screw and Tack Company in Cleveland increases capital stock from $1,000,000 to $1,461,000.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Columbus
Wonder Chemical Company
Cleveland
F. A. Kreuzberg
F. W. Becker
L. H. Kreuzberg
Becker
BE. Witkinsky
Ohio Valley Rapids Water Company
Steubenville
Amos O. Borden
George M. Sturegeon
W. Hunter
F. M. Simpson
George W. Borden
Steering Wheel Company
Sidney
J. B Tucker
L. M. Sturdevant
J. H. Theirdick
W. C. Horr
A. J. Kess
Pasteur Chemical Company
Cincinnati
M. C. Dow
A. M. Hopkins
H. B. Ridge
William Heusing
Smith Hickenlooper
Selby Estate Company
Coshocton
Edgar O. Selby
Mary C. Selby
Lora Smith
M. B. Smith
National Screw and Tack Company
Also Mentioned on This Page
Ety
York
Chesa Beaks & Ohio
Anex
Bankeut
George Eustis & Co
Mercantile Library
Atchison - Oren
Atlante Coast Line
Iit. L
Colorado Southern
Laware & Hudson
Great Northern
Tlinois Central
Manhattan
Aeen
Norfolk Northern
Penneytvahin Avieces Vt
Southern Railroad
St Paul
Texas Pacific
Gar & Arr
Amer
Col Fuel & Tron
Consolidated Gassetee
General Ectr
Teeewene
Ticker
Charles B. Bultman & Co
Associated Bank Statement
W. E. Hutton & Co
First National Bank
Cen
Ga. Cn
Ist Inc
Pac
2D Inc
Interboro O
Cigl
Biman
R. Lo cl. Ball
Otal Sales
Business Men's Club
E. M. Mayer
Denver
W. F. Maxen
Cleveland, O
W. Y. Ograw
Buffalo
N. Y
E. M. Sprague
Cleveland, C
J. L. Dickerson
W. Va
Woodward Lodge
The
Odd Fellows
John H. Leiding
Leiding
Odd Fellows” Temple Company
Clarence J. Penn
Newtown
Internal Revenue Office
Bettmann
Parker
Busines
Union Gas and Electric Company
Gas Company
West Fourth Street
Toledo, Bowling Green & Southern
Toledo Urban & Interurban Company
Citizens National Bank
Kilgour Syndicate
Chester Park
Hamilton County League of Building Associations
Henry S. Rosenthal
H. F. Cellarius
G. Holz
Thomas L. Pogue
J. D. Bunke
Fred. Bader
Ohio State League
Kentucky
National Bank
Toledo Railways and Light
Panama
Cincinnati Clearing House
Glasgow
Miami
Bank Ba Ae Am
Bright’née Cin. Trust
City Hall
Trust
Colum, Bank & Law. Co
Norw. First
N.C. Br
Securities
T.W. Pr
Lith
Roberts, Hall & Criss
Sevessvssecessi OD
Oyavana Tobacco
Otis Elevator
Standard Oil
Tonopah
United Ee
Cananes
Davis-Daly
Cin. Int
T.P
Col. & Xenia
Little Miami
Cone & Ham
C.n.&c.l.&t . A. Chio Traction
R. Mil
Globe Soap
Secon
Globe
Bar & Smith Su
Ham
Hous
Stan
Do. & S. Preus Ch
Nat A. F. A
Ph. Carey Pr
S. T
Ph&fm
Milk Pr
Gam
Columbia Ee
Rob’n Realty
Col. Gas & F
Steptoe-Sha
Cuyahoga
U S
Powell Pr
Foulds M. M
Wurlitzer
Fleisch'n
Consol. & F
J. J
Thern Ry
Viaduct
F. A
Fressore
Gilbert We
Prime Mercantile
Sterling Exchange
Atchison Adj
Mexican Central
Boston & Albany
Boston& Maine
Boston Elevated
Fitchburg
N.Y
American Telephone ,and Telegraph
American Woolen
Dominion Iron and Steel
General Electric
Massachusetts Electric
Massachusetts Gas
United Fruit
United Shoe Machinery
Boston Mining
London Stock Exchange
Metals
NEW York Mining
Treasury Statement
Foster, & CO
Consolidated Stock and Produce Exchange
Havlin
Vine ST
Ohio
ThompSon- Brown Company
Chicago Street Improvement
S. Kuhn & Sons
East Third ST
Alabama
Great South
Stent Wens
Texas
Dee
Ironton
Pedencsacee
Detroit United Rell Wey System
W . Inc
Bchee
Toronto
Hamilton & Buff
Eid
Inc
St. Louis & Western
Eo & Baa
Reak
Hocking Valley
Kanawha & Enasy
Reading Company
Philadelphia & Reading Company
Philadelphia & Soled Coal and Iron Company
Railway Company
Coal and Iron Company
Aeeee Voor
Inc. Reading Company
A Inc
Saeer
Oeek
Ross
Rocaeate Railway
Ateneeee Inc
Toledo & Ohio
Dun’s
Nndian
Peoria
Railway and Light
Toledo Railways and Light Company
Railways and Light Company
Toledo Railway and Light
Cincinnati Stock Exchange
Claude Ashbrook
Ti Stock Exchange
Walnut Street
Cincinnati and
the Central Trust and Safe Deposit Co
As Bast
Columbus Gas and Fuel Company
Columbus Gas
First National Bank Building
Weil, Roth & Go
Suis Fourth Street
Phoenix Grain and Stock Exchange
East Fourth Street
Kansas City
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