Market Soars on Northern Pacific Settlement Hopes
New York June 1 Investors bid up stocks across the board after the announced agreement among conflicting interests in Northern Pacific. Strong gains in Union Pacific United States Steel and Atchison led a broad rise, with heavy buying and optimism that the railroad dispute may be resolved, fueling a new boom as market breadth stayed robust through the day.
MENTIONED IN THIS ARTICLE
New York
Northern Pacific
Southwestern
Southern
Union Pacific
United States Steel
Atchison
St. Paul
Rock Island
Northwestern
Great Northern
Southern Pacific
Pacific
Gould Southwestern
Central Pacific
Mr. Morgan
London
The
Stock Exchange
Hst
Northwestern Railroad
Wall Street
Greater
Missouri Pacific
Gould-Rockefeller
Atlantic
Erie
Delaware, Lackawanna & Western
Pennsylvania
Great Trunk-Line
Ilinois Central
Chicago- St. Paul
Granger
Minneapolis & St. Louis
Iowa Central
Ohio
Gould
Atchison, Southern Pacific
St. Louis
San Francisco
Southern Railway
Supreme Court
Money and exchange rates across major cities today
Commercial paper 4 m% and time loans 5 6% in Indianapolis clearings $996,259.34 balances $83,906.22 New York money on call nominal 4 1% sterling at $4.88 demand and $4.54 for sixty days posted rates $4.85% and $4.89. Chicago clearings $28,273,979 balances $3,513,616 Boston clearings $26,350,011 balances $3,578,601 Philadelphia clearings $24,044,639 balances $2,516,210 St Louis money 5.7% New York exchange 2c premium bid 40c asked clearings $37,499,417 balances $1,272,329 Baltimore clearings $4,810,826 balances $667,485 Cincinnati money 24.6% New York exchange 3c premium. London money 24 2% in open market short bills 3% three months 5 19 75 9-16 Consols 94. Bank of England gold intake £54,000. Spanish fours 70.4. Berlin London exchange 20 marks 4 pfennigs checks. Paris three percent rentes 101 francs 2 centimes for account. Exchange on London 5 francs 19 centimes checks. Spanish fours 71 francs 3% centimes. New York silver certificates nominally e bar silver 50 4c Mexican dollars 4c London bar silver 271d per ounce.
MENTIONED IN THIS ARTICLE
Atchison
Sir Atchison
Nevetere
Baltimore & Ohio
Ness
Canadian Pacific
Canada Southern
Cheeapeake & Ohio
Chicago & Alton
Chicago & Alton Press
Chicago, Burlington & Quine
Chi. Ind
Louisville
Ind
Chicago
St. Lecete
Colorado Southern
Delaware & Hudson
Del
Lack. & Western
Denver & Rio Grande
Erie
Great Northern
Hocking Valley
Milnois Central
Towa Central
Lake Erie & Western
Ieee
Louieville & Nashville
Manhattan L
Metropolitan Street Railway
Mexican Central
Mexican National
Minneapolis & St. Louis
Missouri Pacific
Missouri, Kansas &Tex
Missouri, Kansas & Texas
New Jersey Central
New York Central
Norfolk & Western
Northern Pacific
Ontario & Western
Pennsylvania
PB. C. C
St. L
Fae Louis & San Fran
St. Louis
San Fran
St. Louis Southwestern
St. Paul
Tate Southern Railway
Southern Railway
Texas & Pacific
Toledo
Wheeling & Lake Bias
Wisconsin Central
Adams
American United
American Car Aid Foundry
American Car and Foundry
American Tobacco
Anaconda
Brooklyn Rapid
Colorado Fuel and Iron
Consolidated Gas
Continental Tobacco
General Electric
Ny Hocking Coal
International
International Paper
International Power
Laclede Gas
National Pisco
Te National Salt
National Sail
Acific Coast Ld Pacific Mall
People’s Gas
Republic Steel
Ts Republic Steel
Tennessee Coal and Iron
Union Bag and Paper Co
United States Leather
United States Rubber
United States Steel
Western Union
United States
Indianapolis
New York
Prime Mercantile
Sterling Exchange
New York Exchange
Boston
Philadelphia
Baltimore
Cincinnati
London
Bank of England
Berlin
Exchange
Paris
New York Imports and Exports Report for First Week of June
New York reports this week exports of gold and silver coin to foreign countries totaling about 905. The week’s imports of specie reach 30,300 in gold and 62,450 in silver. Dry goods and merchandise imports at the port total 10,078,034 for the week.
MENTIONED IN THIS ARTICLE
New York
Weekly Bank Statement Shows Little Change From Last Week
New York June 1 official weekly statement from associated New York banks reports loan and deposit increases while circulation and surplus fall. It records increases in legal tenders and specie, reserves steady, and banks hold excess reserves of 2 153 060 under the 25 percent rule. Government receipts and expenditures comparison follows.
MENTIONED IN THIS ARTICLE
New York
May receipts and surpluses amid fiscal year outlook
In May total receipts reached 52 629 44 with expenditures at 136 560 leaving a monthly surplus of 10 492 889 and an eleven month surplus of 58 587 125. Receipts list customs 1 021 428 internal revenue 27 668 702 miscellaneous 3 999 908. War and Navy disbursements rose, War 9 897 565 and Navy 5 650 48. Bank condition noted as similar to prior week with minor surplus decline and ongoing caution about gold exports and bond buying.
MENTIONED IN THIS ARTICLE
War Department
Navy Department
New York Associated Banks
Alaska
June Trade Outlook Aid by Light Stocks for Marketers
Local produce markets show excellent June prospects with lean retail stocks and improved grain receipts aiding cereal trade. May softness yields to cautious optimism for stronger June demand amid light supply, weak poultry and dairy prices, and a steady but ample wheat crop outlook.
Commercial Paper Buying and Mercantile Loan Offer
A firm proclaims its specialty in buying high grade commercial paper and negotiating mercantile loans at the lowest rates. Correspondence solicited.
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Erica
Nationa
Perrin
H.a.schlotzhauerscashr
H. Severin
A. E. Metzger
E. E. Piery
Joan Perrin
Jos. C. Suhaf
East Washington ST
Indiana
Safe Deposit Vaults
T. Malott
E. L. M’kee
Edward B. Porter
M. B. Wilson
O. M. Packard
W. P. Churchman
Chas. L. Farrell
Merchants’ National
U. S. Depository
the Union Trust CO
East Market St
Eee
Henry Eitel
John H. Halliday
Howard M. Foltz
Charles 3. McBride
A. Barnes
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A. Culbertson
George Kothe
Thomas C. Day
J. C. Elston
Volney T. Malott
Edward L. McKee
Sam E. Rauh
John H. Holliday
Marion Trust Company
N. E. Corner
Monument Place
Market St
S. A. Fletcher & CO
Safe Deposit
East
Washexton Street
Noeman Day
Highton
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Tarrington
Nodela
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Coal Lands Geo. S. Ingle & CO
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Sunday Journal
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Chas. Finley Smith & CO. Bankers
Indianapolis, Ind
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Walter G. Fo
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