Market awaits steel dividend in unsettled Wall Street action
Wall Street waited Oct 6 as United States Steel directors debated the common stock dividend. Trading was dull with steel stocks driving the market, while the broader market steadied on hopes of a favorable outcome. Analysts noted anticipated effects on prices, with concerns over whether the dividend would support or depress values and the influence of Morgan and Standard Oil on the steel trust. Local markets showed little activity besides Copper Range and American Telephone, with mixed gains and losses across several issues.
MENTIONED IN THIS ARTICLE
Wall Street
United States Steel
United States Steel Securities
New York
Boston
Veesee
State Street
Bears
Morgan
Standard Oil
Steel Trust
American Telephone
Osceola
Utah
Amalgamated
Centennial
Mohawk
Massachusetts
Massachusetts Electric Common
United States
Mining and Stock Exchange
Greene Consolidated
Bay State Gas
Jupiter Steel
Daly-West
Ines
Kansas
Atchison
Gulf Lines
Calumet & Hecla
Quincy
Tamarack
Messrs
Corey
Milliken & Co
Waston Building
State and
Devonshire
Thas
United Copper
New York Metal Exchange
Lake Caopper
Heath
Treasury balances show cash available of 237 million
Washington reports the general fund cash balance excluding the $150 million gold reserve stands at $237,974,326. The statement covers the Treasury balances as of today with the funds available for expenditure.
MENTIONED IN THIS ARTICLE
Washington
Treasury
General Fund
Department of Redemption
Erie Reports Strong 1927 Earnings Rise to 45 Million
The Erie Railroad Company issued its eighth annual report showing total earnings of 45,830,415 dollars, up 4,935,979 from last year, with gross earnings up 12.07 percent. Net earnings on all operations reached 15,901.64 dollars, rising 2,937,319, while operating expenses increased 7.16 percent. Labor costs account for over 68 percent of expenses for more than 34,000 employees. The report notes 156 manufacturing industries with track connections on the line and details a wage schedule revision adding about 1,200,000 dollars yearly in compensation.
MENTIONED IN THIS ARTICLE
New York
The
Erie Railroad Company
Underwood
Dabney Oil declares quarterly dividend in 1908
Dabney Oil Company at 19 Congress Street Boston reports a 38 percent quarterly dividend approved by the board at 20 Broad Street New York on October 5 1908. Record holders at close of business October 15 1908 receive the dividend with books to be closed October 15 and reopen October 20 1908.
MENTIONED IN THIS ARTICLE
Dabney Oil Company
Congress ST
Boston
Dabney Oil Co
Broad St
New York
A. H. Butler
York
Steel Dividend Cuts Hit United States Steel Earnings
New York Oct 6 The United States Steel Corporation reduced its common stock dividend from 1 percent to 0.5 percent due to falling business. The nine month statement shows net earnings of 82.23 million after adjustments, with undivided profits of 29.38 million. The board declared the regular 1.25 percent preferred dividend payable Nov 16 and common dividend payable Dec 30. J. P. Morgan attended the meeting. John D. Rockefeller and John D. Jr were absent amid rumors of opposing factions.
MENTIONED IN THIS ARTICLE
New York
United States Steel Corporation
Finance Committee
J. P. Morgan
John D. Rockefeller
John D., Jr
Rockefellers
Standard Oil
Morgan
Filbert
Fishing Smacks With Big Fares At Wharves
Fourteen fishing smacks arrived at T wharf yesterday with large hauls led by the Benjamin F. Phillips and the Mary G Powers. Haddock and cod prices were reported, while mackerel seiners and other vessels returned. A separate account notes a Kingstonian voyage to quarantine with two stowaways and seven cattle aboard, plus Norwegian crew changes and transport plans.
MENTIONED IN THIS ARTICLE
T Wharf
Benjamin F. Phillips
Mary G. Powers
Olivia Domingos
Mary E. Cooney
Nickerson
Emily Cooney
Monitor
Tecumseh
Boyd and Leeds
Ida S. Brooks
Flora S. Nickerson
I. J. Merritt, Jr
Flirt
James R. Clark
Nellie Dixon
East Boston
James Pllis
Haddock
Majestic
Boston
New York
Portland
Montreal
Halifax
Parker
Red Star
Kingstonian
Antwerp
New York, New Haven
Hartford
J. Taylor
W. Powers
United States
Fjeld
Bostonian
Norway
Mayflower
Liverpool
Lootz
Big coal ships and harbor moves fill the noon draw
The seven master Thomas W Lawson will sail at noon for Newport News in command of Captain Charles Hart. Captain Malcolm McLean stays ashore until the new steel six master William L Douglas is ready at Fore River. Henry W Cramp to be commanded by Captain William Haskell. Admiral Sampson repairs at Long Wharf will sail for Jamaica with 14 passengers. J Putnam Bradlee hauled off for overhauls. Philadelphia takes her runs temporarily. Orion completes swift tow from New York to Halifax and on to New York with Gallia.
MENTIONED IN THIS ARTICLE
Thomas W. Lawson
Newport News
Metropolitan Coal Company
Charles Hart
Henry W. Cramp
Malcolm McLean
Lawson
Arthur Crowley
Coastwise Transportation Company
Steel
William L. Douglas
Fore River Iron Works
Quincy
William Haskell
Mary E. Palmer
United Fruit Company
Admiral Sampson
Boston
Long Wharf
Jamaica
Sampson
Philadelphia
City
J. Putnam Bradlee
Sorensen
Orion
New York
Halifax
Fitchburg
Shipping News Miniature Almanac Preview
A compact maritime update lists sunrise and sunset times, daylight length, and moonrise. It then details arrived steamers and schooners from various ports with their destinations and barges, followed by cleared vessels and ships sailed for Atlantic routes, reflecting routine port activity and vessel movements.
Virginian Play Postponed to Saturday at Majestic
A telegram from Kirke La Shelle in New York delays the first performance of The Virginian at the Majestic Theatre until Saturday evening. Duplicate reservations are available for Saturday, and box-office exchanges permit patrons of Monday or Thursday to switch dates. Nanette Comstock could not be ready in time due to a pending engagement with William Collier in New York, delaying the opening.
MENTIONED IN THIS ARTICLE
Majestic Theatre
Kirke la Shelle
New York
John B. Fitzpatrick
The
Majestic
la Shelle
Boston Express
Owen Wister
New Haven
Wister
Boston
Nanette Comstock
West End Street Railway Pref Shares Listed Stocks Sale
Ex dividend paid on West End Street Railway preferreds. First instalment received. Total sales include 13 819 listed stock shares 25 000 bonds and 4 811 unlisted stock shares. Wyandot Min and Wolverine Min cited in the report.
MENTIONED IN THIS ARTICLE
West End St Ry
Westing Hlee
Wens Wolverine
Wyandot
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Chesapeake & Ohio
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Eeee
Pacific Matl
Repab Steel
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Westen Union Etece
ERIE
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T & SF Adj
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Allouez
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Am Tel
Shipping News
State of Maine
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N. B
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Kershaw
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S. G. Haskell
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Rockport
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Fabay
John C. Thos. A
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Matinee
Jane Kennark
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CHARLES_RICHMAN
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Boston Theatre
Lawrence McCarty
Kirk LA Shelle
Remont Heatre
Mr. Henry W. Raymond
Ki Me
Yankee Comic
Savage
H. M. Blossom, Jr. and
A. G. Robyn
Austin & Stone
Museum
Senor Romando
Philippines
Roscoe
Evening Institute
Boston Young Men's Christian Association
Geo. W. Mehaffey
I.a
CEAN
Atre District
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L. B. Walker
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Efine
Cts
Carl
Dillon Brothers
Pat
Ace
Vanity Fair Burlesquers
Haymarket
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Issuue
Hearts OF Oak
Joseph Murphy
Washington & Dov
Heart OF
Dazzler
Bowdoin
Irra Jay
Hunt
Garry Owen
National Cash Register
Wasnburn Loan CO
Washbington St
Jt-T
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Foster's
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G. P
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Merchants’ and Miners Transportation Co. Steamship Lines
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A. M. Graham
Battery Wharf
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W. P. Coria
R. I
Boston and Philadelphia Steamship Line
Sagamore
Hoosac Tunnel
Charlestown
Warren & CO
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Prince Ige
West India
Washington St
Masters
New Eng
Roxbury
Huntington Ave
Harvard Medical School
Brookline
J. Cantwell
Tremont Building
Tremont St
Phoebus Trust
Beaconst
Malden
Dunham
Water St
Hyannis
Hapin's Farm Agency
Herald Bidg
Village Stord
Charin’s
Dudley St
the Post
Wellington St
Folsom's Tavern
Marshall St
Faneuil i
ST. James ST
Udley St
State House
J. F. Perry
Melrose Highlands
Bay State
Marshall
Tremont
Slye
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