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This newspaper page contains 11 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

May 19, 1908

Page

11

Wall Street Bull Run Prompts Cautious Debate On Public Role

New high stock records fuel bullish excitement while brokers question whether the public funds the rise. Union Pacific attracts heavy attention as talk shifts from new financing to asset segregation. Congress pace and currency bill prospects loom as traders expect emergency actions. Rumors of impending recession are debunked after market checks.

Union Pacific Congress House Senate

Gold Shipments to Europe Reach 7.1 Million

Gold engagements for export to Europe rose to 7.1 million as steamer loads were arranged yesterday. Goldman Sachs & Co. supplies 1 million in coin and Heidelbach Ickelheimer & Co. 750 thousand in gold bars, with other banks contributing the rest amid strong exchange rates and a higher demand sterling.

Europe Goldman, Sachs & Co Sub-Treasury Heidelbach, Ickelheimer & Co

Stock department report of opening high low and prices

Yesterday's produce exchange stock report lists opening high low and last prices for cobalt cent silver and various cananea and mint brokered items. Notable entries include Silver Pick 32 0 to 6 500 shares and Cananea at 8 50 to 9 50 with 6 200 shares traded.

Stock Department of the Produce Exchange Sil.q. ‘Ltd Nevada Gr.Cananea

Merger Planned for Tonopah & Tidewater Railroads

Plans have been completed for a merger between the Tonopah & Tidewater Railroad and the Bullfrog & City field Railroad. The combined line will span about 190 miles serving Nevada mining districts and linking with the Atchison Topeka & Santa Fe system.

Tonopah& Tidewater Bullfrog & City 2Field Tonopah & If Nevada Atchison, Topeka & Santa Fé

First Security Company Organized From First National Bank

First Securities Co to organize today with capital raised to 10 million and to operate securities and banking functions. Directors include J P Morgan and James J Hill. management to be shared with the First National Bank, reflecting a shift of some operations to the new New York State corporation.

First National Bank First Security Company Secretary of State of New York George F. Baker James A. Blair Henry P. Davison James J. Hill F. L. Hine A. Curtis James John J. Mitchell William H. Moore H. C. Fahnestock George F. Baker, Jr C. D. Backus First First National First National Bank of Chicago W National

Foreign Marketes and London stock activity May 18

London reports steady discounts with £600000 in gold, profits in consols and rails. Continent buyers and New York opening lift Union Pacific. copper shares strong early, later softening on stats. bar silver at 24.5% per ounce. Paris and Berlin bourses show firm to weak shifts amid cross market influences.

London Stock Exchange Partrio Canadian Pacific Grand Trunk New York Union Pacific Berlin

Imperial Bank of Germany Weekly Statement Shows Cash Rise and Deposits Jump

The weekly statement from the Imperial Bank of Germany reports cash on hand up 50,128,000 marks, loans down 1,389,000, discounts down 14,101,000, treasury bills down 34,282,000, notes in circulation down 60,136,000, and deposits up 66,767,000.

Berlin Imperial Bank of Germany

Illinois Central Plans Approved To Expand Capital

Stockholders of the Illinois Central Railroad approved the Directors plan to acquire the Kensington & Eastern and the Memphis & State Line Railroads. They also backed a 633 783 to 38 vote to raise capital stock by 285 120 shares to 123 552 000 to fund construction and maintenance of owned lines. Henry W. Leman opposed the increase to preserve his rights in a suit challenging Union Pacific stock in Illinois Central.

Llinois Central Chicago Tlinois Central Railroad Kensington & Eastern Memphis & State Line Illinois Central Henry W. Leman Stuyvesant Fish E.H. Harriman Union Pacific

Cotton Market Shows Mixed Activity and Gains

Cotton futures were uneven with broad fluctuations and a final modest rise. Day sales reached about 225,000 bales as strong Southern spot markets and better dry goods demand boosted late buying. local and regional quotes varied with prices per month and regional spot sales listed.

Aeng Middle Upland Midling Gulf Savannah Augusta St. Louis Memphis Galveston New Orleans Charleston Houston

Banks Agree on Merger of Riversidenk Northern Hamiltton

Stockholders of Riversidenk, the Northern Bank, and the Hamiltton Bank approved a three way merger at a special meeting with a unanimous vote. The merged entity will operate under the name Northern New York with capital and surplus above $1,000,000 and deposits totaling about $7,000,000.

Riversidenk Northern Bank Hamiltton Bank Northern New York

Notice of Assessments for Chicago Railways Plan Securities

Holders of certificates under the May 27 1907 deposit agreement are notified that assessments under the October 15 1907 Modified Plan of Reorganization for Chicago Railways stock must be paid by June 17 1908. New securities will be distributed only after surrender and endorsement of certificates and payment of assessments.

Ehe Chicago Title and Trust Aay Harris Trust and Savings Bank Farmers’ Loan and Trust Company Chicago Railways Company Chicago Title and Trust Company North Chicago City Railway Company Chicago West Division Railway Company North Chicago Street Railroad Company West Chicago Street Railroad Company Pghicago Union Traction Chicago Passenger Railway Company Ateake Union Traction Cuicago Aor Trust Company TEE. Harris Trust and Savings NK W. W. Finley Southern Railway Company New York Trust Company Southern Railway Tennessee Central Railroad Virginia & Southwestern Railway Southern Railway Development and General Mortgage Ral Ater Railway Development and General Mortgage Tennessee Central Virginia Southwestern First Consolidated London W. E. Mandelick

Also Mentioned on This Page

Wall Street Union Pacific Gossip Produce Exchange First Securities CO J. P. Mor Paris Bertin Boerse Foreign Public Securities Consolls Hamburg City of Cologne City of Munich City of Augsburg Holy City Frankfort-On-M Lon- NX N.Y Netdon Equiv Atchison St Paul Erie Ee Bank of Germany Messrs. J. S. Morgan & Co Qld Broad Street E. C J. P. Morgan & CO Seattle Electric Company Boston OLD Colony Trust Company Zarnincs Puget Sound Power Company Seattle Tacoma Messrs. Stone & Webster N. W. Harris Pine Street Corner William Federal Street Estabrook & GO State Street Broad Street Broadway Cedar St New York City Willard William H. Nichols Langley Wiggin Park Terrell Mgr. Bond Dept Jing Howard Bayne V-Pres. & Treas Edwin B. Potts David 8. Mills John R. McGinley Pittsburgh V.ee B. and C. Co Charles F. Mathewson Harmon & Mathewson WLAM _ NICHOLS General Chemical Co Augustus G. Paine Penn Wi Peters White & Co Clarence W. Seamans Pres Union Typewriter Co Hermann Sielcken Crossman &Sieicken Arthur Turnbull Post & Flagg City of Nashville Lewisohn Bankers Cohbalts Cobalt Central Purdy & Company Office OF THE Underground Electric Railways Company OF London, Ltd NEW York Times TIMES NEW York 8 Peoples Gas Light and Coke Company L. A. Wiley General Chemical Company Jamie L. Morgan NES Company OF America J. D. Tooker Andrew J. McCormack Adrian H. Muller & Son William ST Exchange Vesey Street WM. M. Hoes United States Steel Corp. Sp. c. Skg Wl. Bi United States Steel Corp Erle Railroad Metropolitan Surety Co Mutual Bank of NY Central Leather Co Mechanics’Natl American Quartz Mining Co Bank of America Warren Railroad Indiana Wabash & Erie Canal P. c Washington Marine Ins. Co N. Y & Northern By. Co McDougall Martin Electric Co U.S. Building Co Metropolitan Concert Co Long Branch Ocean Pier Co Enill Toplitz Home Petroleum Co Mababhi Development & Lumber Co Goubert Manufacturing Co Ius Ampion Seal Co Chatham National Bank Ann Arbor Railroad Co Cosmopolitan Fire Ins. Co Industrial Trust Co Providence I Share Mercantile Trust Co Milliken Bros., Incorp Skg Corn Exchange Bank Brooklyn Trust Co Lake Shore & Mich Southern R. R Bag & Danville R. R Georgia Florida R. R Alabama Coal & Iron Co Col Springs & Cripple Creek Bank of United States Park & Tiford Lehigh & Wilkes-Barre Deal Co Geo. L. McKay & Co Germanta Fire Ins. Co Computing State Co. of America Mult'phone Operating Co Guardian Trust Co Santa Fe, Raton & Eastern R. R. It Ga Carnegie Trust Co United States Gynsum. Co American School Furniture Co United States Realty & Impt Frank- 59 Sts Na. Mortgage & Security Co Title Insurance Co American Ice Co Kansas & Texas R. R Mahoning Coal P. c. Eml. Trust P. c. Coll. Trust Pocahuntas Consolidated Coiw. Lieries Company Incorporated H. W. Morse Chartered Accountants C. L Box Times Square Wall Street Journal
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