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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Wall Street
Northern Pacific
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Baring, Magoun & Co
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Broadway
John C. Thompson
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The
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Washington Trust Company
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Thomas St
Hudson ST
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Court ST
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I. Lidenberg & Kraus
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Broad ST
N. ¥. Stock Exchange
Simon Borg & CO
Investment Securities
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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
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Stock Exchange
New Amsterdam Gas Company
National City Bank of New York
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H. E. Gawtry
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Wall Sr
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Rancis Ueppett
Louis V. Pright
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Levi P. Morton
Thomas F. Ryan
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Brown Brothers & CO
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New_York
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RE. D. Worcester
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Samuel Spencer
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Adrian H. Joline
the Distiling Co. of America
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Henry Hasler
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Charles F. Cox
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WM. G. Rockefeller
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Treas
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