Wall Street Compounds on Awaited Rates and Crop Outlook
Markets anticipate a government rate decision by late June or mid July, with traders urging caution as Supreme Court rulings loom. The article notes expectations for favorable spring harvests, especially cotton and winter wheat, and hints at improved crop prospects influencing the market.
MENTIONED IN THIS ARTICLE
Tris
Wall Street
Supreme Court
Peeret
Te Commerce Commission
Manai
Gence
Bullish tone as New York Central bets boost market confidence
The New York Central system reportedly offered 7.20 years for a large order, signaling strong faith in future demand amid crop prospects. Western Maryland and St Paul are cited in comparisons as investors weigh bonds, stocks, and underwriting. Bond brokers see renewed bullish momentum if the issue sells well.
MENTIONED IN THIS ARTICLE
New York Central
Pennsylvania
Central
St. Paul
T. Paul
Fahnestock's Start and Early Banking Ties
Fahnestock, an important figure in finance fifty years ago, was cashier at a Columbus bank and later became manager of the New York office after meeting Jay Cooke in the Civil War period. The piece traces his career from a basement operation at 2 Wall Street to the formation of a bank and associates, including later partners and officers who rose wealthy.
MENTIONED IN THIS ARTICLE
Fahnestock
Sarbtabula
Ohio
Jay Cooke F
New York
John
Ealer
Thompson's
Wall St
Piret National Bank. Co
James Ard
Bank and & Government Bond Department
Georg
Toler
Fearn
Public Utility Notes Highlight Corporate Earnings
Public utility notes summarize CAUTOTMA RANTORI ruling on Great Western Power first mortgage bonds, Union Light Heat and Power replacing steel mains with cast iron in Fargo Moorhead, and April earnings for Northern Ohio Traction and Light. Reports include Byllesby & Co properties load gains, new business, and Pacific Gas and Electric annual results with potential bond capitalization changes.
MENTIONED IN THIS ARTICLE
Cautotma Rantori Commieni
Ras
Great Western Power Company
Union Light, Heat and Power
Union Light, Meat and Power Company
Consumers’ Power Company
Fargo
Moorhead
X. D
Northern Ohio Traction and Light
Electro
Th. M. Byllesby & Co
Autosales Gum & Chocolate elects new directors
At the annual meeting Franklin L. Canning and George F. Hurd were chosen to the board, replacing E. J H. Cook and George F. Loft. I. M. Byllesby & Co. announced retirements of R. E. Wilsey and Y. W. Stearns, with W. J. Clarke named bond department manager. The New York Central placed orders for 4,200 cars with American Car & Foundry Co and 30 with Standard Steel Car Co. Samuel T. Hubbard, Jr. was elected a member of the New York Cotton Exchange.
MENTIONED IN THIS ARTICLE
Autosales Gum & Chocolate Co
Franklin L. Canning
George F. Hurd
E. J H. Cook
George F. Loft
American Hallway Association
I. M. Byllesby & Co
R. E. Wilsey
Y. W. Stearns
W. J. Clarke
New York Central
American Car & Foundry Co
Standard Steel Car Company
Samuel T. Hubbard, Jr
The
New York Cotton Exchange
Consolidated movements reach new highs but close under pressure
On the Consolidated, fresh highs were posted yesterday as a broad advance paused at the close due to profit taking. Opening calls showed fractional gains from Wednesday, with Reading touching 185 percent and Canadian Pacific 19 percent among leaders. New Haven 6 percent and Lehigh Valley up. New Haven plunged to 61 percent, while Tompkins Cove Stone preferred traded at par and Montana Power at Calcutta. International rate changes noted: Bank of Bengal cut its rupee count from 5 to 4 percent, effective today, with May 1 as the prior lower point. Bank of Bombay eased from 6 to 4 percent, also today, after a May 1 adjustment.
MENTIONED IN THIS ARTICLE
Reading
Canadian Pacific
Can
New Haven
Lehigh Valley Lis
New York Central Oil
Missouri Pacific
Tompkins Cove
Montana Power
Trading In The Curb Securities In Poor Weather
Curb trading was light due to bad weather with overall dull activity. Oil and gas firms led gains as Prairie ON and Gas rose six points, Standard of Indiana and New Jersey and New York up two, California Standards up two, while Continental and Perce Oil slipped on small moves. Mining shares were mixed with Florence and McKinley Darragh down one, Tonopah Merger up two, West End Consolidated up four on heavy turnover. Canadian Pacific notes edged up a fractional amount and Chile Copper fell about a half point.
MENTIONED IN THIS ARTICLE
Prairie
Standard
Indiana
New Jersey
New York
California
Maxwell Motors
Willys Overland
Florence
McKinley-Darragh
Tonopah
West End
Chile Copper
BritsAm Tobacco
Eng Tire
Cloak & & Pt
Pueblo
Kether Hegeman
Waland O & N
Oll
Anco- Am
Ie Co
Boston
Montana
Paeitl Smelters
Gen
Hina
Selim
Tly
Mont Ward
Swift & Co
Anke Bil
Houston
Manhattran
Cigar St
Ant
Marcon
Fedivon Bes
Maxw Motors
Ery
Esco Jat
Oon Morris
Zin Bo
Baltimore
Meaver
Hose
Ren
Stieh
Pour ‘ Mines
Bank of
Bait
Ohio
Fielity & der
Fuffajo Mines
Sewart
Ieb
Yukon Gom
Nyc
Standard Oil
Ut. Porzheimer & Co
Yaureka
York
Penn
Ind
Fwan & Win
Washington
New York and Buffalo Steamship Co Forms to Operate Barges
Albany June 4 Articles of incorporation filed for the New York and Buffalo Steamship Company to run a fleet of thirty steel barges on the barge canal. Capital set at 75000 dollars with 1600 shares, Morse family to hold major stake and eleven directors each owning one share. Directors include James W. Fleming Frank Roche and Cyrus Robinson. Fleming serves as state Conservation Commissioner. Roche and Gilbert linked to Morse controlled navigation interests. Sims is VP and GM of Delaware & Hudson Railroad.
MENTIONED IN THIS ARTICLE
Albany
New York & Buffalo Steamship Company
New Barge
Morse
Charles W
Morses
James W. Fleming
George T. Russell
Frank I. Roche
Frank ¥. Howe
Frank McCarthy
Troyfford
Sims
L. Munson, Jr
Roche
Gilbert
Navigation
Delaware & Hudson Railroad Company
New Exchange Members Elected Amid Merriment on Seat Purchases
Benjamin W Woodruff and Edwin H Muir were yesterday elected members of the Stock Exchange. Carl H Pfroesheim of Pforzheimer & Co failed to secure the required votes. Pforzheimer had bought a seat for 45 dollars two weeks prior, but the transaction is canceled. John Muir watched the initiation and satiric horseplay greeted the new members. William A Mearns seat was transferred to Bertrand J Taylor Jr for 1 dollar with a 3000 dollar deduction, near the lowest sale since 1818. The year’s high seat price is 51 dollars.
MENTIONED IN THIS ARTICLE
Benjamin W. Woodruff
Edwin H. Muir
Edwin H .Muir
The
Stock Exchange
Carl H. Pforsheim
Pforzheimer & Co
Standard Oil Securities
Committee On
Pforzheimer
Exchange
John Muir
Muir & Co
Edwin Muir
William A. Mearns
Bertrand J. Taylor, Jr
Treasury finances show small net balance and deficit
Washington June 4 The Treasury opens this business day with a net balance in the general fund of 6 1 0rum. receipts yesterday 2 080 008 total payments yesterday 2 253 The year’s deficit stands at 36 415 517 against a prior year surplus of 97 596 065 excluding Panama canal and public debt moves.
MENTIONED IN THIS ARTICLE
U. S. Treasury
Washington
United States Treasury
Banks Get Blanks For Federal Reserve Bank Directors
New York banks receive three designation certificates from the Federal Reserve Bank committees to vote for Class A B directors. Each bank votes only within its group and may nominate its own electors. Several banks have not yet chosen reserve electors, but action is expected soon.
MENTIONED IN THIS ARTICLE
New York National Ganne
Federal Reserve Bank
Federal Reserve Bank of New York
Second Reserve District
The
Clearing House
Albany F
Receiver Appointed in Complex Creditors Case Across Firms
A chaotic legal action unfolds with Judge Hand appointing Moses Ely as receiver and a $7,500 bond. Creditors including Union Insurance, Mutual Life, and Park & Co claim totals over $1 million. Remaining listings show numerous firms and individuals entangled in unsecured notes and asset dispositions amid ongoing court proceedings.
MENTIONED IN THIS ARTICLE
Smith's Bon, Inc
Tiven A. Patong
Iapithea Elc
Mayer
Arcount
Oxcar J Calm Ot Raviten Bros
Arthur Polmemus
West South St
Liberty St
Iablutten
Hausak
Ausets
Tariade Estate
Louise Polhemus
Union Amen Cing Insurance
Mutual Life Finance
Stand Tastes Park & CO
Chas HM
American Axe and Tool Co
Sii
Bucher & Gibbs
Pioorh Part
Pept
Catan
Onis
Anthony C. Hee
Sion Taannities
Amnete
Hand
Moses Ely
Bond
Moorh
Button Works
Toc
Hirach Bis
Minna Gortsted
Usinger
Col
Seandler
Buttontale
Columb Willman
Fragmentary court docket entries and debtor lists
A garbled OCR passage shows scattered names, monetary amounts, dates, and institutions. It references debts and creditors such as East River Savings Institution and various individuals, with cancelled items and inconsistent dates, suggesting a partial legal notice or docket extract without coherent narrative.
Proposal for Hollins creditors liquidating firm assets
Beekman Menken and Griscom, attorneys for Harry B Hollins and Briton N Busch, propose a plan to sell all assets of the failed H B Hollins Co to Equities Realization Corporation for liquidation. Unsecured creditors would receive notes for 9 percent, secured claims 10 percent, with expenses paid by the liquidating company. Five directors, three chosen by creditors, would govern. Aggregate collateralized claims over 1,000 dollars forego part of their balances. A cash contribution of at least 25,000 dollars is required on confirmation.
MENTIONED IN THIS ARTICLE
N. B. Hollins & Co
Grain Decline in Chicago Prompts Bear Tilt
Chicago June 4 prospect of a Lumper crop in Nebraska Kansas and Oklahoma spurs speculators to the bear side in wheat. Dread of a black rust scare eases prices while corn and oats slip. Hedging sales rise at Kansas City and St Louis as wheat yield outlook improves.
MENTIONED IN THIS ARTICLE
Chicago
Nebraska
Kansas
Saratonsa
Oklahoma
Kansas City
St. Loui
Twlyevn
SM Fili
Railroad Earnings Report From April First Reveals Mixed Results
A fragmented April first earnings summary lists several railroad lines with mixed results. New England-Gross shows 6364.90 cents with a large increase, while Ontario & Western reports net 145,001 with a small deficit noted elsewhere. Burlington & Quincy shows a large decline. Iron Horse Lines report a net rise.
MENTIONED IN THIS ARTICLE
Northern Ohio Traction and Tight Company
SOTIK
HITR
Inter
Puble
New England
York
Ontario, & Western
Weareheater
Boston
Afon
Dee
Wikierssaryland
Groas
Oly
Sivago
Burlington & Quincy
sTé
Metal Markets report on copper tin lead and zinc
Market notes show copper quiet with spot around 1 ei am price near, futures quoted. London tin steadied at 140 per ton futures. New York zinc and lead futures mixed with slight firmness in some grades. Copper price activity weak in August with quiet trading and limited demand across major centers.
MENTIONED IN THIS ARTICLE
Tandara Copper
Wien
Ng AB
Minden
London
New York
Tan Don Hocal
Ey Rimalry P Norhern
Mariners
Foutierd
Gh Bow
General Market Report on Grain and Commodities
Market mixed with wheat prices softening on liquidation and favorable European tone while Liverpool closed lower. Reports cite shipments from Argentina, new York prices for No 2 red and No 1 Northern Duluth, oats decline due to wet weather, and steady barley with various flour, meal, and coffee movements affecting speculative trading.
MENTIONED IN THIS ARTICLE
Liverpool
Argentina
Iaska
Cdf
New York
Duluth
Manitoba
Omar
Raney
Braz
Havre
Hamburg
Mraall
Wye
Rio No T
Wheat and coffee market shifts with harvest weather
Wheat faced heavy pressure in the South amid new crop estimates and strong harvest weather in Texas and Oklahoma with a weakened Liverpool market. Export sales reached about twenty five loads as corn mirrored wheat with liquidation and improved conditions. Coffee climbed with firm cables, closing with 19 to 18 point gains, though near session highs.
MENTIONED IN THIS ARTICLE
Texas
Oklahoma
Liverpool
Atlantic
Fle
Gata
Brazil
Domestic Receipt Totals From 8 No 1 Prices
Fragmentary listing shows cash quotations for commodities including cotton steel tin pork lard oats and tallow. Mixed units and misread words hinder full clarity but indicate market prices and product names across 8 entries. Named items include cotton steel tallow pork oats and lard with varying denominations.
MENTIONED IN THIS ARTICLE
Middlin Tron
Mid
West
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