Erie Financial Adjustment Sparks Early Stock Market Rally
New York April 1 The Erie Railroad won PSC permission to issue 15 million dollars in notes prompting a sharp market reaction. Prices rose briefly with Union Pacific and United States Steel buoyant while copper stocks sagged on London copper and NY Metal Exchange prices. Bond activity was irregular and total sales reached 1.622 million dollars.
MENTIONED IN THIS ARTICLE
New York
Erie Railroad
Public Service Commission
Union Pacific
Sherp
United States Steel
Pennsylvania
London
New York Metal Exchange
United States
Mr. Cainies
Leon Ann
Gales
Atchison
R. T. Swag
Canadian Pacific
Staat
Colorado Southern
Delaware & Hu
Great Northern
Illinois Central
Ted
St Paul
Amal
Car & Fay Ensees
Steel Springs
Union Bag & Paper
Sheer
Western Union
Srem
York Stock Exchange
Roberts, Hall & Criss
American Tobacco
Borden's
Dore
British Columbia
Butte Coalition
Chicago Subway
Ee Soos
Colonial
Dominion Copper
Gold Hill
Ee Havana Tobacco Com
Otis Levator
United Copper
Ord A. P
Utah
Trinity
American stocks in London buoyant with new notes plan
Stocks in London show strength as TM% trades about one percent above parity. The Public Utilities Commission plans to issue 100 million dollars in new notes under strict restrictions. Reading earnings in February miss preferred dividends. International Paper to cut preferred dividends to four percent. Rubber regular dividend expected. Market for steel and tin varies with dull iron and steel sentiment.
MENTIONED IN THIS ARTICLE
Public Utilities Commission
International Paper
Market recovers modestly amid nervous Marly trading
Brokers report slight gains for Stacy's in Marly trading as the market shows irregular, nervous action. The close sits just below day’s best prices. Firms urge buying on setbacks for modest profits while business improves and crop prospects brighten. They see little near term upside with a neutral, stabilizing tendency emerging.
MENTIONED IN THIS ARTICLE
Stacy’s
Marly
Chas. E. Bultman Company
Market Summary Detects Steel Rally Amid Erie Financing Uncertainty
The trading session was dull with bears pressing the market as Erie Railroad financing unsettled investors. United States Steel common led a sharp rally on positive news while Atchison dividends fell but were received philosophically, helping sentiment.
MENTIONED IN THIS ARTICLE
Erie Railroad
H. M. Beazell
United States
Atchison
Receipts and Expenditures Show March Federal Deficit
The government reports March 1908 receipts at 44.62 million and expenditures at 53.20 million, creating an 8.58 million deficit for the month and a nine month deficit of 35.68 million. Customs and internal revenue fell from March 1907 while civil, war, navy, pensions, and public works all rose. interest declined.
MENTIONED IN THIS ARTICLE
Washington
Public Debt Statement Shows March 31 1908 Total Debt
Washington April 1 The monthly public debt report for March 31 1908 shows total debt excluding cash in Treasury at 909 721 337 an increase of 9 299 591 for the month The breakdown includes interest bearing debt 897 503 990 debt with no interest 420 150 321 and debt on which interest has ceased since maturity 4 675 215 plus certificates and Treasury notes offset by cash of 1 289 869 The cash balance on hand after liabilities is 412 608 190 with gold reserve 150 000 000 trust funds in general fund 176 tonal bank depositaries Philippines Treasury 4 7 totaling 1 825 868 700 and outstanding demand liabilities 1 413 260 509.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Gald Reserve Fund
Tion General Fund
Philippine Treasury
Currency in Circulation Increases In March 1908
The Comptroller of the Currency reports at end March 31 1908 total national bank notes outstanding 696 409 355 up 99 195 292 for the year and 732 886 for the month. Circulation based on US bonds stands 628 834 336 up 81 201 273 for the year and 3 624 376 for the month. Circulation based on lawful money is 64 573 019 up 17 994 019 for the year and 4 357 212 for the month. Bonds deposited to secure circulation notes total 632 422 570 and deposits to secure public deposits 231 155 783.
MENTIONED IN THIS ARTICLE
Washington
Comptroller of the Currency
United State
New York Bond Sales Report From Hutton and Co
Bond listings from New York markets show multiple issues with prices and percentages across railroads and utilities. Notable entries include Erie cv 4s, Col. Ind Ist Mex Central Ist, and Union Pacific 4s with varied coupons, maturities, and current yields.
MENTIONED IN THIS ARTICLE
St. Lou
Pac
Sou. Istrets
Dist
N. Y
Goy Ry
Cen
Inc
Erie cv
N. Tans
Ry. m. Ist
S— Erie x
Third Ave
Pacens Cc. P
Erie Pr
H. V
U. P. Ev
Baty
Col. Ind. Ist
Central Ist
WP. T
Col. Mid
Céntral 2d
St. L
Feens Wheare Inc
Eayes
N. W
C. Ll
Soc. Pac
W. C
Jocks Held at Firm Prices in Quiet Bond Market
The market opened firm with stocks steady despite overall dullness. Banks and utilities showed quiet activity while brokers avoided borrowing at prevailing rates as call and time loans remained scarce and money held near 6 percent.
MENTIONED IN THIS ARTICLE
Cincinnati Gas and Electric
Miami
Cincinnati
Newport
Covington
New York Exchange
Financial securities listing with bank and bond notes
A detailed catalog of banks and financial institutions with listed stock and bond prices. Includes Am Nat Bank, City Hall, Cosmopolitan, Cov Trust, First Nat Cov, Norw Nat, Prov & S T, Sec Savings, Unity Sav, and multiple traction bonds and industrial shares with price quotes and par values.
MENTIONED IN THIS ARTICLE
Bank Am
Cin. Trust
City Hall
Cosmopolitan
Cov
Trust
First
Colum. Bank & Sav. Co
Norw. First
Nor
Nor. Sav
Ohio inspectors report Cincinnati holds major share of state associations
The Ohio Inspector of Building and Loan Associations reports Cincinnati has 226 associations, about half the state's total, with combined assets exceeding 15 million dollars. The note lists executive changes at O'Dell Brokerage, a quorum lapse, visitor arrivals, and upcoming regional conventions affecting trade and transportation.
MENTIONED IN THIS ARTICLE
Inspector of Building and Loan Associations of
Ohio
Cincinnati
London Stocks Ease as Money Supplies Improve
Markets mix as easier money reduces discount rates in London and Berlin. Gilt edged securities rise with optimistic tone on Erie plan, while consols slip on realizations. Paris diamonds gain. copper weak amid liquidation and broad stock lists steady.
Markets in Cincinnati Report April 1 1908 Grain and Whisky
The Cincinnati market notes ease across wheat corn and oats with whisky firm. Prices quoted for No 2 red winter wheat at 96c to 97c, No 4 yellow corn around 62c, oats varied, rye steady, flour dull, and whisky at $1.35 per gallon basis. Reports include receipts shipments and miscellaneous grain inspections.
MENTIONED IN THIS ARTICLE
Cincinnati
Minneapolis
Northern
Do City
Do City Bir
Grocery Prices And Provisions Listing
A fragmented price list shows per barrel and per box rates for fruits vegetables meats and staples. Items include apples bananas cranberries cabbage lemons oranges onions potatoes rutabagas squash sweet potatoes coffee pork beef lard and various ham and shoulder cuts with price ranges and notations.
MENTIONED IN THIS ARTICLE
Feat
Cares
Heep
Becon
Messina
Palermo
Florida
Jersey
Treasury balance report shows available cash and gold
The Treasury statement lists general fund balances excluding the $150,000,000 gold reserve with available cash of 262,698,191 dollars, gold in bullion at 27,822,040 dollars, and gold certificates totaling 26,670,040 dollars.
MENTIONED IN THIS ARTICLE
Washington
the Treasury
New Orleans Cotton Market Sees Mixed Early Gains
April 1 reports show steady spot prices with middling at 10 3/4 cents and 3,200 spot plus 1,400 arriving bales. Liverpool prices steady as a cold-wave forecast later boosted futures. New York closed 6 to 10 points higher after earlier gains and a 175,000-bale daily volume.
MENTIONED IN THIS ARTICLE
New Orleans
Liverpool
New York
Shorts
South
Houston
Uplands
Gulf
Ohio Incorporations Special Dispatch to Commercial Tribune
Columbus April 1 The following incorporations were filed today The Merchants Fruit and Produce Company Akron 5000 by W E Eth eridge Francis Seiberling M Brown A G Baker and W E Slabaugh The Excelsior Fixture Company Cleveland 10000 by Fred Desberg D A Weddell O B Smith L B Desberg and Anette Newman The Peck Anderson Peck Company Cincinnati 50000 by John K Peck A J Anderson Robert E Peck L D Ault and J M Sparrow The Catalpa Land Company Peebles 50000 by G G Brown M H Newman T S Greenwold J W Kinner and J R B Kessler The Utilities Supply Company Cincinnati 10000 by Henry J Schulte Charles P Fuhring Frank Ratterman Peter Renner and W D Alexander The Eastman Manufacturing Company Cincinnati 10000 by A Eastman W H Shields W R Kampfmuller John H Manss and G W Hengle The Burkhardt Construction Company Cleveland 10000 by Herbert Grant Lillie Burkhardt R G Burkhardt William Burkhardt and Homer C Campbell
MENTIONED IN THIS ARTICLE
Commercial Tribune
Columbus
Merchants’ Fruit and Produce Company
Akron
W. E. Etheridge
Francis Seiberling
M. Brown
A. G. Baker
W. E. Slabaugh
Excelsior Fixture Company
Cleveland
Fred Desberg
D. A. Weddell
O. B. Smith
L. 8. Desberg
Anette Newman
Peck, Anderson & Peck Company
Cincinnati
John K. Peck
A. J. Anderson
Robert E.’ Peck
L. D. Ault
J. M. Sparrow
Catalpa Land Company
Peebles
G. G. Brown
M. H. Newman
T. 8. Greenwold
J. W. Kinner
J. R. B. Kessler
Herbert Grant
Lillie Burkhardt
R. G. Burkhardt
William Burkhardt
Homer C. Campbell
Boston Mining Prices and Market Notes
New York, April 1 Adams Con .05 Alice 1.75 Breece .10 Brunswick Con. .10 Comstock Tunnel .20 Con. Cal. & Va. .43 Iron Silver 1.00 Leadville Con. .06 Little Chief .055 Ontario 2.50 Ophir 2.15 Potosi .4 Savage .8 Sierra Nevada .25 Small Hopes .10 Standard 1.50 Market quotes reflect a range of mining shares with varied daily movement.
MENTIONED IN THIS ARTICLE
New York
Adams Con
Alice
Breece
Brunswick Con
Comstock Tunnel
Con. Cal. & Va
Leadville
Little Chief
Ontario
Ophir
Potosi
Savage
Sierra Nevada
Small Hopes
Standard
Also Mentioned on This Page
Erie
Rock Island
Ticker
W. E. Hutton & Co
Public Debt Statement
Peoria
First National Bank
Chicago
New York Exchange Tc
ST. Louis
Cin
Gas and Electric
Little Miami
Philip Carey
Proter & Gamble
Cin. Gas and Electric
Barney
Cambridge
Oklahoma
Dennison
Sea Peer Es
Glasgow
Berlin
Paris
Eessseeevicneses
Oss
Sterling
Ask
Cin. Int
Col. & Xenna
Ask. C
N.C
T.P
C.n.&cl
St. Ry
Colum. Ry
Col. Ry. & Fi
Industri
Tiree
Traction
Scioto Valley
Am. R. Mill
Jergens
Bar. & Smith
Wanee
Es Brownell
Casey-H. Pr
Ch. C
Nt Gas
Becades
Furst Nat
Érman
Panama
Globe-Wer
Ham
eSeer
Hous. Stan.pr
Snaee - F
Kroger
Pest
A. F
Prid Carey Pr
Rob’n Realty
Steptoe-Sh
B. Tek. Foieale W. Powell Pr
Wurlitzer
Afl
Consol
J. J
A. O
M. N
F. A
Southern Ry
Hamilton County
Elizabethtown
Longview
Armory
Benson Street Bridge
Big Miami Bridge
Water . A
Newport Bonds
Water Works
Ae Industrial Bonds
Gasco
Columbia Gas
Col.Gas
N.&c
Col. Crosst
Dayton Ist
Os Mi
Niles T. W
U. 8
Louis W. Foster
O'Dell
Foster & Co
Edwin F. Heil
The
Associated Organizations
Business Men's Club
D. L. Bufford
Springfield
Ill
L. Wolber
M. B. Harris
New York City
B. H. Rader
Pittsburg
Maysville
W. F. Lemmons
Boston
B. D. Howe
Middletown
Albert Haas
Haas Lumber Company
Atlanta
Ohio River
Will L. Finch
Industrial Bureau
Charles Herbert Jones
Norwood
Court and
Broadway
Robert E. Peck
Jackson W. Sparrow
Charles Krotzenberger
Big Four Road
New York Central Lines
Harlin
N. M. Breeze
Willard Stoms
Cincinnati Laundry and Allied Trades Entertainment Club
Palace Hotel
American Machinery and Supply Association
Linton Hotel
S. B. Watters
National Supply and Machine Dealers’ Association
Southern Supply and Machine Dealers’ Association
American Supply and Manufacturers’ Association
Richmond
George Puchta
William H. Taft
Louisville & Nashville
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Virginia
R. L. McKellar
Southern Road
Edwin Rickert
A. Brandeis
Louisville
Stock Exchange
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de Beers
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Treasury Statement
German National Bank
Covington, Ky
James C. Ernst
Prest
T. S. Hamilton
George E. Pngel
H. P. Colville
Europe
Satilas National Bank
Walnut Street
Postoffice
C. J. Buddeke & Co
UntorfTrust
Heneeeeeerenane
Sis
Cccesere
Ccveree
Jan Pewee Neeeeee
Boston Mining
the Central Trust É Safe Deposit Co
East Fourth St
Genuine World
Bet
Main
Walnut
E. 4Th St
Lawson
Yukon Gold Company
Yukon
Havlin
Vine Street
Columbus Gas & Fuel Company
Columbus Gas
Claude Ashbrook
Walnut St
Cincinnati Bonds
Weil, Roth & Go
Phoenix Grain
Stoge Exchange
Baldwin
Baldwin Company
Commercial Tribune Company
Consid
Ing. J. L. Steeld