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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 24, 1900

Page

22

Financial world hopeful on recovery after European American liquidations

The Statist views a rebound in stock prices possible if China news turns favorable. It sees Germany sounder, U S business active, and notes risks from potential bad harvests. Paris and France face dampened markets due to German and American declines, while Spain and Russian crises temper investor confidence. A Chinese crisis alarm may fade as powers unite to restore order.

London Europe America China Germany United States Berlin Paris France Russia Spain

Wall Street bears the wheat scare and rail stocks

The piece argues that stock fluctuations amid wheat crop fears are overblown. It notes drought and forecasts depress Northwest rail shares, but questions the net regional losses and cites Morgan purchases and rising rail earnings as balancing signs that deflate panic, urging careful, fact-based assessment over sensationalism.

Cotton prices rise as market shows strength

Prices in the cotton market climbed after a brief dip. Gains of 22 to 25 points followed heavy buying by Wall Street and outside interests as the crop suffered severe belt damage from cloudbursts and floods. August cotton at 9.01, October 8.42, January 8.26. spot cotton quiet at 9.75? cents for midland upland. Sales totaled 4,700 bales.

Wall Street West Alabama Chicago South Midland

GE Stockholders To Meet In Schenectady On July Seventeenth

A special meeting of General Electric stockholders will occur in Schenectady New York on July 17 to vote on increasing capital stock from 20 827 200 to 25 242 200 by issuing 44 150 new shares. The call is signed by a majority of Directors. The new stock will redeem outstanding debenture bonds presented for payment.

New York Frederic P. Olcott William A. Read Wall Street Securities Company Andrew J. Miller Office One Securities Company General Electric Company Schenectady N. Y

Financial notices on bonds and reorganization plan

Coupons on Mobile Alabama bonds payable after July 1. Dividends announced by Rubber Goods Manufacturing Company and New York Air Brake Company. J P Morgan Co to manage reorganization of Louisville Evansville and St Louis Consolidated Railroad. Detailed bond securities listed with due dates and amounts. Holders must deposit securities with J P Morgan by July 16. The first consolidated mortgage 5 percent bond group cannot agree with prior lien bond committees and is urged to accept Morgan terms.

Southern Railway Company ST. Louis ST. Louis Division Evansville, Rockport & Eastern R&y CO Louisville, Evansville & ST. Louis R. R. CO BR. R CO Louisville, Evansville & ST. Louis Consolidated R. R. CO Huntingburg, Tell City & Cannelton R. Kd. CO Wall Street City of New York Messrs. J. P. Morgan ,& Co Messrs. J. P. Morgan & Co New York Security and Trust Company Charles S. Fairchild James Stillman William L. Bull William H. Payne Emanuel Lehman Rubber Goods Manufacturing Company New York Air Brake Company J. P. Morgan & Co Louisville Evans Ville St. Louis Consolidated Railroad Company First Mortgage Evansville Rockport and Easton Louisville, Evansville and St. Louis Consolidated Railroad First Consolidated Mortgage

Insurance Agents Appointed and Companies Reshuffle

Hunter Ridge and Bryant named Kansas City agents for Helvetia Swiss Insurance. Big Bloomington Illinois fire returns delayed due to many local agents burned out. Dutchess Mutual to enter several states. Franklin Fire, run by Hartford, to expand beyond Ohio. Fire Underwriters group to meet to discuss the 1900 agreement after two negative votes. William G Whilden Jr named Assistant Manager for Prussian National Insurance US branch. Akron Fire Exchange reorganized with same rates. Minnesota orders German Life Insurance to close for noncompliance. Citizens Insurance suit dissolved for lack of equity. Colonial Assurance calls stockholders meeting July 17 to discuss reducing capital from 400000 to 200000 by halving par value. Directors signing the call include Dimond, Stanton, Cox, Thomas, Kellogg, Hoffman, Wise, Walton, Palmer, Follmer, Condit, Clarke.

William G. Whilden, Jr United States Prussian National Insurance Company Henry Hogue Board of Fire Underwriters Akron Ohio Ohio Supreme Court O'Shaughnessy Minnesota Insurance Department German Life Insurance Company Mankato Colonial Assurance Company Thomas Dimond George A. Stanton Mark T. Cox W. G. Thomas L. Laflin Kellogg Charles F. Hoffman, Jr Leo H. Wise David S. Walton S. S. Palmer C. J. Follmer John W. Condit G. C. Clarke

Saturday Stock Snapshot Amid Market Fluctuations

Stocks and bonds show mixed moves with credit rates and collateral loans listed. Analysts note declines in several industrial issues while purchases and advanced bonds reflect cautious sentiment in late June trading.

Bank statement shows surprise drop in reserves and cash loss

Yesterday's report reveals a surplus reserve decline of 1,971,900 and a loss in specie of 1,991,900 plus 1,176,90 in legal tenders. Deposits fell by 4,787,600 while loans barely rose by 25,900. The week saw heavy stock liquidation and shifted expectations about bank lending domestically and abroad. The table compares 1900 with 1899 and 1898, noting lower reserves and a fluctuating loan and deposit pattern amid market weakness.

Wheat price gains offset crop shortages say Northern Pacific official

An official from Northern Pacific argues that higher wheat prices can offset smaller harvests by increasing farmer revenues. He notes cheaper handling, stored grain liquidation, and reserve stocks boosting profits, while drought resistant Spring wheat may recover. He expects overall conditions not as dire as feared, especially in a presidential year.

Wall Street Northern Pacific

Also Mentioned on This Page

Baring, Magoun & Co New York Air Brake Co Broadway John C. Thompson Hanover National Bank Capital Nassau St Central National Bank The Nassau Bank Colonial Trust Company Capital Paul B’ LD G Washington Trust Company Stewart Building Bankers’ Cards Kountze Henry Clews & CO N. Y. Stock Exchange Waldorf-Astoria Fifth AV Worth ST Thomas St Hudson ST Mercantile Court ST Brooklyn I. Lidenberg & Kraus Bankers Broad ST N. ¥. Stock Exchange Simon Borg & CO Investment Securities N. Y. Produce Exchange Tel Cortlandt Fred. H. Smith New York Con. Stock Exchange Book of Railway C. M. Minzesheimer Stock Exchange OF Nuy Cort P. J. Goodhart 8 Co Dealers In Bank & Trust Co Stock Exchange New Amsterdam Gas Company National City Bank of New York Consolidated Gas Company of New York Consolidated Gas CO. OF H. E. Gawtry St. Louis Southwestern Railway Co New York City Mercantile Trust Company Henry C. Deming Banking House J. Overton Paine Wall Sr Bankers’ Trust Co Wall Street Capital George oAeyet Rancis Ueppett Louis V. Pright Reenne Alfred H. Swayne Morton Trust Co Levi P. Morton Thomas F. Ryan James K.corbiere W.P Brown Brothers & CO Wall ST Outside Securities David Pfeiffer Imperial Treasury Grand Duchy of Hessen State of Hessen Mannheim Zurich Switzerland Net MNE Guna Lipurer Ae Srecessemy Hudson & Coo NEW York Stock Exchange A. A. Lisman Louisville, Evansville & St. Louis Consolidated Railroad Co Lake Shore and Michigan Southern Railway CO Grand Central Depot New_York Consolidated Mortgage and Sinking Fund United States Trust Company of RE. D. Worcester Lake Shore & Michigan Southern Fisk & Robinson Nassau Street East Tennessee, Virginia & Georgia Railroad Company Southern Railway First Consolidated Samuel Spencer East Tennessee Virginia Georgia Toledo, St. Louis and Kansas City Railroad Co Henry Budge, J. Kennedy Tod Adrian H. Joline the Distiling Co. of America Rudolph ‘Hag William L. Yee William F. Harrity Alvin W. Krech Richard Sutro Manhattan Savings Institution Joseph Bird Frank G. Stiles George H. Pearsall Bowery Savings Bank Bowery John D. Hicks Henry A. Schenck Citizens’ Savings Bank Bowery, Cor Canal ST. Loth Henry Hasler Charles W. Held Henry Sayler Irving Savings Institution Chambers St H. B. Totten G Byron Latimer Union Dime Savings Institution Sixth Avenue Greeley Square Charles E. Sprague George N. Birdsall Francis M. Leake Joplin J. B. Carmichael Chicago Great Western Railway Co Chicago Great Western Railway Company R. C. Wight St. Paul, Minn Chicago, Rock Island & Pacific Railway Company Chicago, Ill F. E. Hayne the State Bank Grand St A. I. Voqrhis Mobile Ala Mobile City Mercantile National Bank City of New York First National Bank of Mobile National Bank of the Republic Co. H. Stout Peoples Bank Canal St William Milne Cleveland Cincinnati, Chicago & St. Louis Railway Co Charles F. Cox the Exploration CO. OF Exploration Syndicate Mills Building Broad Street C. van Rensselaer Cogswell Amalgamated Copper Company WM. G. Rockefeller Sec Treas National Bank of Commerce W. C. Duvall Fourth National Bank Charles H. Patterson Real Estate Trust Company of Board of Trustees Henry W. Reighley Columbia Bank Fifth Avenue and 42Nd Street Ww. S. Griffith Merchants’ Exchange National Bank Apgar National Park Bank of New York George S. Hickok Chatham National Bank Board of H. P. Doremus Bank of America W. M. Bennet the Mechanics’ National Bank of the City of G. W. Garth Bank of New York National Banking Association Chas. Olney United Traction and Electric Compan Jersey City N. J 3D Proximo. Co S. Sweetland Hanover National Bank William Logan East River National Bank Z. E. Newell Bryah Consolidated Western Railway Northwest Southwest J. Pierpont Morgan Northwestern Railway TA Atchison Baltimore Hio Canada Southern Jersey Central Chesapeake & Ohio Bur Quincy Great Western St. Paul Rock Island Omaha Clev., Cin Chi St. L. Vas Delaware & Hudson Lackawanna den. & Rio. Grande P St. L San Francisco St. Louis S. W Southern Pacific Southern Railway Pf Texas & Pacific Union Pacific Atchison Baltimore Chesapeake Fos Ale St. Louis Southwestern Southern Railway Wheeling and Lake Erie General Electric Company Meeting Stock Transactions Consol. Gas Minn. & St. L Union Tel Car & F Illinois Central Smelt & R Steel & Wire Tobacco S. F A. T S. PF Nat Brook N. Y. Central Pennsylvania St. P Peop Reading N. W Tenn T. Prs Col Erie Union Pac U. S. Rubber Manhattan Northw St. L. Southw St L. Con Wabash Brooklyn Rapid Transit
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