Rise in Easier Money London Origin of Optimism
A cheerful Wall Street session followed London optimism as markets opened higher amid improved European liquidity and lighter money rates. Bank of England discount expectations eased as London prices rose. stock leaders included Consolidated Gas, Delaware and Hudson, Canada Pacific, and Manhattan Electric Railway with gains. The day featured strong opening, slight midafternoon plateau, then modest pullback with final advances, plus crop and bank news shaping sentiment.
MENTIONED IN THIS ARTICLE
Washington Post
New York
London
Bank of France
Egypt
Bank of England
Imperial Bank of Germany
Paris
Berlin
Consolidated Gas
Delaware and Hudson
Canada Pacific
Pullinan Palace Car
Manhattan Electric Railway
Central Railroad
New Jersey
United States Cast Iron Pipe
Union Hag and Paper
Manhattan
Rand
Bond holdings of banks to be made public
The Comptroller of the Currency reports total bonds held by 14 850 banks and trusts exceed 3 500 000 000 with 577 000 000 in U S bonds and over 3 000 000 000 in other bonds whose nature is not disclosed A Bache canvas of banks will be published in a pamphlet by W C Cornwell outlining actual holdings and banker views.
MENTIONED IN THIS ARTICLE
Wall Street Journal
United States
J. S. Bache & Co
W. C. Cornwell
J. S. Bache, & Co
National Loan and Investment Co
15Th
Sts. N. W
U. S. Treasury
New York Money Market Rates Reported for Oct 10
Money on call firm at 4 1/4 to 4 1/2 percent with bids at 4 percent. Time loans steady at 5 1/2 to 5 3/4 percent for sixty to ninety days. Six months around 4 percent. Mercantile paper 3 1/2 to 4 1/2 percent. Sterling exchange firm with bankers bills at about 4.8535 to 4.8540 for demand and 4.180 to 82 for elligible bills. Posted rates near 4.8244 to 4.86. Bar silver at 81. American dollars steady. Government and railroad bonds steady.
MENTIONED IN THIS ARTICLE
New York
Mercantile Paper
Sterling Exchange
Wall Street Gossip on Market Rumors and Money Mood
New York chatter Oct 10 discusses a planned cave in rumors, Western plungers, Wabash issues, and Missouri Pacific under selling pressure amid earnings expectations. Canadian Pacific strengthens on London gains while insiders curb optimism. bears and bulls hedge positions as money conditions govern the outlook.
MENTIONED IN THIS ARTICLE
Toledo
Missouri Pacific
New York and Baltimore Stock and Market Quotes Oct 10
Market dispatches outline receipts and prices across stocks, bonds, and commodities. It lists varied futures and spot quotes for New York stocks, United States Electric Light debentures, rail and utility bonds, and major exchange prices, with closing quotations and notable activity in grain and livestock markets from New York and Baltimore.
Washington Stock Exchange Notes and Personal Cure Ad
Washington market listings show Langton and Capitol Traction quotes with varied percentages and volumes. An unrelated testimonial from Mrs James McKim of Dunville Ontario claims Agnew's Cure for the Heart cured her heart disease after years of failure. For sale notices cite Stone & Poole and O'Donnell's in Washington with street addresses and prices.
MENTIONED IN THIS ARTICLE
James McKim
Dunville
Ont
Agnew
Stone & Poole
O’donnell’s
Pa. Ave
Washington Stock Exchange sees thin activity on holiday mood
The Washington Stock Exchange session shows subdued interest as many prominent members abstain. Trading picks up around gas and United States Electric debentures with large lots moved, while Washington Railway stock remains inactive and a planned auditorium project resurfaces amid renewed talk of a convention hall.
MENTIONED IN THIS ARTICLE
Washington
Stock Exchange
New York Produce Prices Mixed Across Commodities
New York market reports quiet receipts across butter cheese eggs flour and lard with steady to firmer tendencies in some items. Copper and metal markets show a dull London close while local activity remains largely unchanged and prices vary by commodity and grade.
MENTIONED IN THIS ARTICLE
Baltimore
Southern
TEX Gs
Baeler
New York
Lon- Gon
London
Qyte
Great Northern issues 250000 new shares at par
New York Oct 10 A circular signed by James J Hill announces a 250000 share issue of 100 par stock by Great Northern Railway to stockholders. Holders may subscribe up to 20 percent of holdings. Proceeds to fund temporary financial arrangements and to acquire new property and securities per board orders.
MENTIONED IN THIS ARTICLE
Great Northern Railway Company
United States Cast Iron Pipe Company
Great Northern
United States
Erie and Southern Railway
New York
James J. Hill
Northern Pacific
Board of
Wisconsin Central Plans New Interests Board Changes
New and strong interests have entered the Wisconsin Central property. No plan changes, but the company will push its programs more vigorously. Two directors added: Newerman Erb of New York and G M Cumming of New York. Newton Hrb succeeds John Crosby Brown. Cumming fills Dale’s former seat. Yearly gross earnings to June 30, 1905 reach 6,650,883 with net 2,276,547. Evening Wisconsin notes potential for a large traffic alliance linking Duluth and Minneapolis to the east coast via a through route with Pere Marquette and Erie Railway on the lake and beyond.
MENTIONED IN THIS ARTICLE
Milwaukee
Wis
Wisconsin Central
Messrs
Newerman Erb
New York
G. M. Cumming
United States Mortgage and Trust Company
Wisconsin Central Railway
Newton Hrb
John Crosby Brown
Joseph 8. Dale
Wisconsin
Duluth
Minneapolis
Seaboard
Great Lakes
Pere Marquette Road
Orea
Lake Michigan
Manitowoc
Erie Railway
Erie merger completed absorbs Great Central into Erie Railway
The absorption of the Great Central system by the Erie Railway was carried out in Cincinnati today. Directors of the Cincinnati Hamilton and Dayton become Erie directors, with four terms expiring and successors named. The 999-year Pere Marquette lease is transferred to the Erie, and the Toledo Railway and Terminal contract is revised for Erie absorption.
MENTIONED IN THIS ARTICLE
Great Central System
Greater Company
Cincinnati
Ohio
Great Central
Erie H Railway
Cincinnati, Hamilton and Dayton
Erie Railway
Russell Harding
Richard M. Young
New York
Thomas J. Walsh
Cincinnati, Hamilton and Dayton Company
John B. Bruce
Zimmerman
Erie
Walsh
Bruce
J. J. Robinson
Toledo
Lawrence Maxwell
Pere Marquette
Hamilton and Dayton
Toledo Railway and Terminal Company
Southern Railway Meeting Elects New Directors for Three Years
Richmond Va Oct 10 The twelfth annual stockholders meeting of the Southern Railway Company was held at the general office. The fiscal year report ended June 30 was submitted and approved. Directors Samuel Spencer Charles Steele Harris C Fahnestock and Willam W Finley were elected to the third class for a three year term. Col A B Andrews acted as chairman.
Opposition to Harriman at Union Pacific meeting
Salt Lake City reports show James H. Hyde of New York dropped from the Union Pacific board. P. A. Valentine of Chicago elected, with other directors re-elected. Harriman interests held firm with W. D. Cornish and W. R. Kelley continuing leadership. Union Pacific Land Company meeting also held with Lovett elected to succeed Legrand Young. overall board retention.
MENTIONED IN THIS ARTICLE
Salt Lake City
Ocr
Union Pacific Railroad
James H. Hyde
New York
P. A. Valentine
Chicago
Harriman
W. D. Cornish
W. R. Kelley
Omaha
Union Pacific Land Company
R. 3. Lovett
Legrand Young
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Rie G
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Texas and Pacific Iste
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Iowa Central Pt . Lust SD
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Terday
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Meraenthaler Linotype
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Bloss
Sheffield Tech
San F
United States Rubber
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Carolina Ghemtoat Vg -Carolina Chem, Pfa
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Wheeling and Lake Wisconsin
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Reese IK
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Lansten
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John Quincy Adams
Udshaoged
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Biti Goportes
Fa Aloo Heed
Foraigp
Seeahy
Foundry
Anes
Tise
Ny Bowtiern
Foundry Southern A
Wisconsin Central Plans
Southern Railway Meeting
The
Chicago Grain
W. B. Hibbs & Co
New York Stock Exchange
Chicago Board of Trade
Tamaryceevscveveseeree
American Northwest
Minneapolia
Buluth
Bulljah
Pavernment
International Banking Corporation
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St. NW
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Stoge Exchange
Gedar Street
State Street
Boston
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George H. Harries
LG. Kimball
William B. King
Wilton J. Lambert
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Theo W. Noyes
J. H. Ralston
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Blemen
F. H. Smith
Robert BE. Bradledy
Street
Walter H. Ackhr
Building Association
C. A. Barr
Metzerott
D. G
Frank T. Rawlings
Ariinston Fire Insurance Company
Ia Harrison
Rowning St
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DB. G
Real Astate
H. Smith
Suma
D. C
Moorh & Eyl, Inc
4Th St
Igen Ieee
JAS. M. York & Sons
Maryland
Interead
J. H. Bradley Company, Inc
Tyler & Rutherford Incorporated
Stone & Fairfax
BE. Hoon
Reed
Corcoran Bldg
15Th St. Nw
People's Savings ‘Bank
Monx
Toseph Cahn
Sone Fer
Mirmmeanole
Liverpool
Sofa
Anita Fregiy
Faure Aag
Tigues
Cree Dept
Washington Loan & Trust Co
Offich Cor
F Sts
F. H. Smith Co
N.Y. Ave
M.a.phillips, Jr
Colorado
Stopeeen J. J. Hilsman & Co
Vira Deeda
Swartzell, Rheem & Hensey Co
Warner Building
Atlantic Coast Line
R. R
Iron Mtn
So. Ry
Jenkins& CO
Greulich, Martin & Co
Margent
FHONE
Arthur Wall
Lynn, Wall & Co
Adams Building
Sonmreae
Bree Bee
Rome Life
Wade & Hedges
M. J. Sage & CO
Warder Building
Athent
Heal Estate
Kell & McLeram
Fenancial
Derik
N. W
Lewis Johnson & Co
N.W
Chesley & Spence
Ste
Halle & Stieglitz
Broad St
New York Stock
Hunter Docl
George J. Easterday
G Street
W.W
Ike Ng
Citizens Saver CO
Mercial Bank
Airiefly
Metropolitan Loan & Trust Con
E Street
Capital Loan Co
FN. W
Potomac Guarantee Loan CO
F Street Nw
Atlantic Building
Surety Loan Company
Warder
F. Ye
Lpward
Building and Loans Association
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