Wall Street Notes Show Tepid Market Amid Rumors
Articles discuss a slow opening in the market after a Bank of England rate cut news. Traders chase signals from professionals and watch Union Pacific and Steel stocks for possible rallies while short interest remains uncertain. City revenue bonds offer modest yields but limited quick sales.
MENTIONED IN THIS ARTICLE
Bank of England
Union Pacific
Hollins & Co. Responds to Ann Arbor Stock Buy Controversy
A Hollins & Co. representative clarifies the firm holds only notes against collateral for an $820,000 loan and had no stake in the Ann Arbor stock purchase or related syndicate. The Ramsey and Morse committees seek to preserve rights to question indebtedness on 1,208 collateral notes of $1,208,000 and demand potential accounting between Detroit, Toledo and Ironton Railway and Kleybolte & Co.
MENTIONED IN THIS ARTICLE
H. RB. Hollins & Co
Detroit, Toledo & Ironton Notes
Horton C. Rorick
Ramsey’ Noteholders
Hollins
Hollins & Co
Detroit, Toledo & Ironton
Ann Arbor
Tnus
Morse Note Holders’ Committee
Ramsey Committee
Sait
Michigan
Horton C. Korick
Detroit, Toledo & Ironton Railway Company
Kleybolte & Co
United States Mortgage and Trust Company
Detroit, Toledo &Ironton Railway Company
Kletbolte & Co
Ann Arbor Iroad Company
H. Bb. Collins & Co
George VW
Young
Etna, Toledo & Ironton
Treasury Ledger Shows Incoming and Outgoing Funds
Washington reports today totals for redemption and receipts including National bank notes 1 447 58 dollars and cents. internal revenue 574 393 pounds. customs 1 481 711. miscellaneous 57 169 expenditures 2 570 000. Treasury reserve fund lists gold coin and bullion 150 million. trust funds to redeem outstanding certificates. deposits in National banks. Philippine Treasury gold coin 821 546 869 and silver dollars 458 400 000 5 314 000 80 on general formu.
MENTIONED IN THIS ARTICLE
Washington
National Bank
Philippine Treasury
Bank official changes and stock issue payments noted
Almore L Baggot returns from a trip. Julius Heynen elected Secretary of Maiden Lane Savings Bank joining Louis Windmuller as President. The Great Northern stock issue payments totaling 3 million dollars due March 6 and April 7. Chicago Railways bonds issued to fund extensions. temporary certificates issued at 95.3 with 6 percent interest.
MENTIONED IN THIS ARTICLE
Almore L. Baggot
Stock Exchange
Carpenter, Baggot & Co
Fom
South America
Central America
Canal Zone
Julius Heynen
Maiden Lane Savings Bank
Maurice Maas
Louis Windmuller
Great Northern
Chicago Railways Company
N. W. Harris & Co
National Cas K
Coffee Market Sees Slight Decline Amid Sluggish Supply
Coffee trading faded with a small drop as February's world visible supply slipped to 16,017,855 bags. Brazil delivered larger receipts while Rio de Janeiro faced financial difficulties. Day’s sales reached 18,000 bags as Santos and Rio held steady. Market opened quiet with minor losses and Havre closed net lower.
MENTIONED IN THIS ARTICLE
Rio
Santos
Havre
Railway Steel Spring Earnings Decline for Year Ended 1904
The Railway Steel Spring Company reports net earnings of 2,320,187 for the year ended December 31, 1904, down 20,983 from 1903. Surplus after dividends totals 618,530, versus a prior surplus that was 427,964 lower due mainly to a 430,000 payment for the Latrobe plant.
MENTIONED IN THIS ARTICLE
Railway
Railway Steel Spring Company
Financial Market Roundup from London to Calcutta
Money was in fair demand with easy discounts and a cheerful mood after the Bank of England rate cut. Consols fluctuated as support waned while Home railway shares led gains on a thinner market. American securities remained flat until a stronger New York open, with silver and money rates noted. similar movements appeared in Paris Berlin and Calcutta as discount rates shifted.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Bank of England
Wall Street
United States Stee
Harriman
New York
Foreign Public Securities Quoted After Yesterdays Trading
Yesterday's quotations for several European state and municipal securities are listed, outlining bid prices and yields for government and local authority issues across major markets. The report notes fluctuations in yields and trading activity across France, Germany, Italy, and the United Kingdom.
Bank of France weekly statement shows mixed changes
The March 5 report lists notes in circulation up 108.9 million francs while Treasury deposits rise 19.3 million. General deposits fall 128.8 million and gold in hand drops 7 million. Silver falls 2.825 million, bills discounted decline 14.85 million, and advances rise 26.7 million.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Cotton Market Ends Quiet with Small Decline
Cotton trade closed modestly lower after a quiet day with fluctuating quotes. Estimated sales reached 175000 bales while the National Ginners Association cites 10852000 bales ginned through March 1 and 65000 remaining to be ginned, implying about 11250000 bales commercial crop. Local spot prices for upland and Gulf sold steady to slightly down, with state markets varying by region and volume.
MENTIONED IN THIS ARTICLE
National Ginners’ Association
Census Bureau
Gulf
Mobile
Lligg
Savannah
Norfolk
Bates
Augusta
Galveston
New Orleans
Houston
Memphis
Philadelphia Trading Activity Notes Little Change
Local trading in Philadelphia showed slightly higher activity and broader distribution. No special features were reported and prices moved in narrow limits as total sales reached 17,235 shares.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Copper price cut deepens as London trading boosts metal outlook
A further 1 per pound reduction was made in all copper grades on the Metal Exchange. London spot closed 10s above Wednesday at £67 2s 6d and futures up 7s 6d to £57 12s 6d. Pig tin weak, lead firmer at £18 1s, spelter weak at £20 17s 6d. Tran warrants lower, standard foundry 49s, Middlesboro 50s 7½d. New York Metal Exchange spot delivery prices compared with the previous day show copper and other metals edging in differing directions with mixed gains and losses.
MENTIONED IN THIS ARTICLE
London
Standard Foundry
Middlesboro
New York Metal Exchange
Lake
Ccc
Rochester Syracuse & Eastern Railroad Company Financing Scale
The Rochester Syracuse and Eastern Railroad Company reduces its financing range from 6,000,000 to 88,500,000. Attorneys Nottingham and Nottingham of Syracuse represent the firm in this matter.
MENTIONED IN THIS ARTICLE
Rochester, Syracuse & Eastern Railroad Company
Nottingham & Nottingham
Syracuse
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