Stocks Rise on Washington Rumor Sparks Market Action
Professional traders pushed prices higher in a limited session driven by rumors from Washington about a potential policy shift to avoid a Harriman railroad confrontation. Reports also noted solid railroad earnings, absorption news of Boston and Maine by New Haven, and ongoing copper stock gains with London prices easing.
MENTIONED IN THIS ARTICLE
Commercial Tribune
New York
Washington
Harriman
TICKER TALK United States Cast Iron Pipe Receipts and Dividends
United States Cast Iron Pipe reports receipts of 1 847 125 for eleven months ending April 30 with a 45 167 surplus after charges and dividends. Baltimore and Ohio nine months to March 31 show net 22 724 139 with 10 921 685 surplus after charges and dividends. American Snuff declares 1 percent preferred and 2 percent common dividends. London stocks weaker amid heavy market. Bank of England rate unchanged. Haven gains control of Boston and Maine. Southern Railway earnings not earning preferred dividend. Paris gold engagements expected with sterling strength and Paris weakness. Louisville and Nashville fourth week May earnings up 28 542. Sixteen railroads May week shows 18.95 percent average gross rise.
MENTIONED IN THIS ARTICLE
Harriman
Rock Island
Boston & Maine
New York
New Haven & Hartford
Southern Pacific
Great Northern
Interboro-Metropolitan Preferred
Public Utilities Law
Albany
Atchison
Atewee Me Ooncess Raat
Delaware & H
R & Rio Gran
United
Uth & So
Shore
Atone
Louisville & Nashville
On & T
Missouri Pacific
New York Centra
Norfolk & Western
Northern Pacific
Northwestern
Ontario & Western
Pennsylvania
St L
St. Louis Southwestern
Pee Pacific
Southern Railroad
Texas Pacific
Toledo & Southwest
Union Pacific
Amalgamated Copper
American Car & Foundry
Colorado Fuel & Iron
Consolidated Gas
Cave
Distillers
General Electric
Wee
International Paper
Mackay Ante
North Eee
Ugar DO Phol
Oseesvenvereess
Tennessee Copper
United States Steel
Utah
Virginia Chemical
United States
Baltimore & Ohio
Money on call and bonds steady in New York market
Money on call sits around 1 percent to 2 percent with a steady tone. Time loans show 3 to 4 percent for short terms while prime mercantile paper fetches about 5 percent. Sterling exchange remains strong with bankers bills near 486.90 to 486.95 for demand and 483.66 to 483.70 for sixty day bills. Government and railroad bonds described as irregular. Bar silver at 66. c. Mexican dollars noted as sitec.
MENTIONED IN THIS ARTICLE
York
Prime Mercantile Paper
Sterling Exchange
New York Exchange
London
Glasgow
Belfast
Paris
Cbs Aces
Reich- Matic
Sterling
New York
SIMNE
Nedeed Bseene
Ask
Panama
Philippines
Stock Exchange
What Brokers Say Market Commentary
A sectional weather view supports seasonable optimism and later earnings estimates. Banking fears ease as administration action concerns subside. The money market stays easy with lower call loan rates offsetting bank cash losses. The close is quiet with gains over yesterday. Opening was active and firm before a late day dip on antitrust news. A trading tone favors slight profits on re bets, with short interest high and supply light. Broadly, prices may rise with favorable banking stance.
Mining stock prices listed for Boston market roundup
A Boston market note from June 6 lists numerous mining and oil company securities with varied prices and percentages, including Massachusetts Mining, Montan a Coal and Coke, Calumet and Hecla, Copper Range, Isle Royale, United States Mining, United States Oil, Nevada, and other listed firms.
MENTIONED IN THIS ARTICLE
Boston
Adventure
Allouez
Amalgamated
Atlantic
Brigham
Calumet
Hecla
Centennial
Copper Range
Daly-West
Franklin
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion
Osceola
Parrot
Quin
Shannon H. Tamarack
Trinity
Nited States Mining
United States Oil
Utah
Victoria
Winona
Wolverine
North Butte
Butte Coalition
Nevada
Arizona
Arizona Commercial
New York Bond Sales Report From Market This Day
Japanese 4s at 92 percent value with 2,000 units traded and 1,000 conv. 8 percent. New York City rail and utility bonds listed with 5s and 3s advices. Total sales figure shown as 955,000 across offerings and issues.
Privileges Extended to France in Trade Pact
Secretary of State Root proposes to extend to the French Chambers of Commerce the same invoice certification privileges granted to German chambers under the modus vivendi. The move follows a pact amid French industry opposition and would apply to woods exported to America if France maintains similar quasi-governmental chamber status.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Washington
Root
France
America
Industries Rebel Over German Reciprocal Treaty Terms
Leaders of the American Protective Tariff League and allied groups oppose the new reciprocal treaty with Germany set to take effect July 1. John S. Wise is hired to test the legality of the agreement, arguing the executive branch exceeds constitutional authority and alters the Dingley tariff. Suit planned after July 1 if damages to U.S. industry are shown.
MENTIONED IN THIS ARTICLE
Commercial Tribune
New York
Germany
State Department
American Protective Tariff League
Textile Importers’ Association
John S. Wise
Executive
Congress
Foreign Bourses Hover With Mixed Demand and Rates
London cites steady demand with firmer discounts as prices ease on continental stocks. Paris shares slump on Russia and seamen strike fears while U S and Japanese issues show volatility. Genoa marks heavy losses halting activity. Berlin and Paris note higher discount rates and weak bourse tone.
Turpentine and rosin market summaries across ports
Charleston and Savannah report mixed activity with firm rosin prices and varied receipts and shipments. Wilmington and Toledo show little trading in spirits turpentine and firm rosin. Oil City notes credit balance and large runs with substantial shipments.
MENTIONED IN THIS ARTICLE
Charleston
Savannah
Sic
Rosin
Wilmington
Toledo
North Lima Se
South Lima
Indiana
Oil City
Bank of England and France weekly reserve summaries
London reports a week of declines in total reserve and several asset categories with a small rise in circulation. France notes a large drop in notes in circulation and treasury and general deposits, paired with gains in gold and silver on hand.
MENTIONED IN THIS ARTICLE
London
Bank of England
Paris
Bank of France
Treasury
Financial market brief from Boston on June 6
Call loans 4 1/2 percent and time loans 4 1/2 to 5 1/2 percent. Bonds and stocks quoted include Atchison 4s 96 percent Mexican Central 4s 76 percent. Railroads and industrials show varied figures such as Boston Elev 133 and United States Steel 33 percent with various preferreds and related prices.
MENTIONED IN THIS ARTICLE
Boston
Atchison
Mexican Central
Boston & Albany
Boston & Maine
Dboston Elevated
Fitchburg
N. Y
Union Pacific
American Telegraph and Telephone
American Woolen
Edison Electric Illuminating
Massachusetts Electric
Massachusetts
United Fruit
United Shoe Machinery
United States Steel
Xerxes Culbertson Visits As Panama Canal Zone Chief Carpenter
Xerxes W. Culbertson formerly in Cincinnati lumber business is now chief carpenter in the Panama Canal zone supervising wood construction for the canal. He manages several thousand men and says few are as efficient as Cincinnati’s saw and hammer workers. He will remain in town for several weeks. The Industrial Bureau directors meet tonight. The Manufacturers' Club holds a quarterly meeting and officer election at the Queen City Club Monday. Edmond E. Miller receives farewell from subordinates Sunday afternoon. Visitors listed on Change include J. P. Madden Shelbyville Ind X. W. Culbertson Panama Canal zone Harry D. Wilson Osgood Ind Charles M. Marston Kansas City T. G. Williams Louisville Alfred Brandeis Louisville J. W. Dobbs Chattanooga J. J. Fitzgerald Chattanooga J. M. Robertson Brownstown Ind. The Business Men's Club Art Committee seeks annual art fund contributions as the club expands its painting and bronze collection. Colonel John L. Vance Columbus O and Captain J. F. Ellison National Rivers and Harbors Congress leave for St. Louis to attend its Board meeting.
MENTIONED IN THIS ARTICLE
Xerxes W. Culbertson
Cincinnati
Culbertson
Panama Canal Zone
J. P. Madden
Shelbyville
Ind
X. W. Culbertson
Culebra
Harry D. Wilson
Osgood
Charles M. Marston
Kansas City
T. G. Williams
Louisville
Alfred Brandeis
J. W. Dobbs
Chattanooga
J. J. Fitzgerald
J. M. Robertson
Brownstown
John L. Vance
Columbus, O
J. F. Ellison
National Rivers and Harbors Congress
St. Louis
Pig Iron Market Shows Steady Strength For 1908 Ahead
The Pig Iron Market report notes reduced activity but undiminished strength with extended delivery business. Buyers the lingering holdouts now buy to advantage as expectations rise for early 1908 demand, while furnaces and rail service improve and coke markets stay active with firmer prices.
MENTIONED IN THIS ARTICLE
Cincinnati
Stock Market Opens With Moderate Bond Demand at Key Cities
Traction shares remain a strong feature in trading with First National Bank stock drawing attention at 268 and 268½. Cincinnati Street Railway and Stockyards preferred lift while bonds show moderate activity. money easy at prior rates with call money at 5 percent and time money around 4 1/2 to 6 percent.
MENTIONED IN THIS ARTICLE
Traction
First National Bank
N. & C. Common
Cincinnati Street Railway
Preferred
Procter & Gamble
Cincinnati Gas
T. Pfd
Cin
Gas and Electric
First Nat. Bank
Southern Ohio Tractions
T.pfd
Cleveland
Lawrence Co
Ind
Nelsonville
Hamilton Co
Cin. Hospital
Strong leaf tobacco market rolls on at Louisville auctions
June 6 market reports show continued strength and active trading in Louisville leaf tobacco. State Warehouse offered 44 lots with Burley and Green River leaf selling between $8.20 and $15, plus $9.80 to $10.50 for Green River. Pickett, Home, Kentucky, and Farmers' warehouses posted varied Burley and dark prices with few rejections, overall market firm and satisfactory. Total offerings across warehouses included 276 Burley and 126 dark hhds.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Louisville
Pickett
Kentucky
Burley
Metals Markets Report Fluctuate Across London and New York
Lead weak at 5.65 to 5.67 dollars in St Louis. Spelter steady at 6.40. London tin and copper fell, with spot tin around 186 pounds and copper futures down. Locally copper prices ranged 24 to 24.75 dollars, with lead and spelter steady and iron seen lower in English trade. Foundry brass and copper quotes showed mixed levels in the US markets.
MENTIONED IN THIS ARTICLE
ST. Louis
New York
London
Lake
Standard Foundry
Cleveland
Northern
Foundry
Southern
Treasury balances report shows cash and gold figures
The Treasury balance statement lists available cash of 259,197,372 dollars, gold coin as sa 87,698,561 dollars, and gold certificates 57.
MENTIONED IN THIS ARTICLE
Washington
Treasury
General Fund
Market quotes for mines and mining shares in New York
The report lists prices for Adams Consolidated Alice Breece Brack Consolidated Comstock Tunnel Consolidated Cal and Virginia Horn Silver Iron Silver Leadville Consolidated Little Chief Ontario Ophir Potosi Savage Sierra Nevada Small Hopes Standard with varied per share values.
MENTIONED IN THIS ARTICLE
New York
Adams Con
Comstock Tunnel
Con. Cal
Leadville
Little Chief
Ontario
Potosi
Savage
Sierra Nevada
Standard
Securities listings and bonds on the market
A scanned page shows a dense array of securities quotes including 4s and 5s from C.H. & Dts to Norw First and Nor. Sav. Bk, with values like 4s at 98 and 1a skeet at 0. First Re Cov at 162 1/2, Cov. Nl. Npt. 150, Sec Savings 135, and stockyard and third Nat near 235-240. TRACTION BONDS from IC L A 5 at 100 with ex-dividend noted for Ind St Ry. and Eagle 9 at 100.
MENTIONED IN THIS ARTICLE
Pright
Sity Hall
Hitan
Sav
Norw
Nor
Union 8.& T
Traction Sr Ks An
An.& C. Br. Pr
Cotton Letters Signal Bullish Tone Amid Weather Bets
Cotton markets open firm with large trading and heavy profit-taking, amid widespread bullish sentiment from crop reports in the South and outside speculation. Analysts advise buying on fair declines, noting potential profits when October exceeds 12 cents and a possible yield around 11.5 to 11.75 million bales, with contracts favored on setbacks.
MENTIONED IN THIS ARTICLE
W. BE. Hutton & Co
W. R. Todd & Company
Cotton market swings with mixed sessions in New York and overseas
Cotton futures opened strong on covering and bull support aided by heavy orders, then eased to barely steady by close as selling intensified. New Orleans and London reports show steady to firm prices with scattered gains and 2,325 bales traded locally, while Liverpool and New York futures reflected cautious strength and upper end gains amid mixed weather signals.
MENTIONED IN THIS ARTICLE
New York
Dallas
New Orleans
Liverpool
Butter and egg market notes across multiple cities
Prices drift for butter cheese and eggs in Chicago New York Kansas City and Philadelphia with steady to easy tones. Butter ranges from 18a23 to the low 2s in creamery and western lines while eggs in New York show 9 495 cases and various regional grades.
MENTIONED IN THIS ARTICLE
Chicago
New York
State
Pennsylvania
Ansas City
Southern
Philadelphia
Coffee Market Opens Quiet in New York Trading Session
The New York coffee market opened quiet with prices unchanged in line with European markets. Sessions remained dull and the day closed quiet with reported sales of 15 250 bags including September at 5.40 to 5.45 cents, December 5.45, March 5.50, May 6.55 cents. Rio No 7 6 cents, Santos No 4 7 cents, Cordova 9 to 12 cents.
MENTIONED IN THIS ARTICLE
New York
Ptember
Rio
Santos
Cordova
Dry Goods Market Steady With Firm Cotton Printed Goods
In New York on June 6 the dry goods market shows stability in the primary division with prices rising for cotton goods and printed fabrics remaining firm. A major wool manufacturer has sold and withdrawn his bundle of serges while rawal ik trends lower due to optimistic Japanese crop prospects.
MENTIONED IN THIS ARTICLE
New York
Rawalik
Sugar and Steamers Market New Syrup Amid Trade
New Orleans markets report a centrifugal sugar syrup breakthrough promoting uniform sweetness. Manufacturers assert higher efficiency and stability as mills test the process for wholesale use.
Fleischmann Company Declares 1.5 Percent Preferred Dividend
The Fleischmann Company board on June 14, 1907 declares a dividend of one and one half percent on the Preferred Stock payable July 1 1907. Transfer books close June 17 1907 and reopen July 1 1907.
MENTIONED IN THIS ARTICLE
Columbus Gas and Fuel Company
G. C. Scott
Sec’y
Fleischmann Company
Ohio Incorporations Form New Companies Across State
ColumbusJune 6 The Akron Canton Youngstown Railway Company 200000 Canton O by Z W Davis Isaac H Taylor William Simpson H B Stewart M L Rackle The Cincinnati Packet and Pleasure Company 15000 Cincinnati by M Ixy Liykins Joseph L Gerson Louis B Meister Thomas A West and Harry P Fay The Ruede Auto Garage Company 10000 Akron C by E F Ruede Fred F Teckley H E Loomis W J McFarlin and Forest Firestone The Pritchard Coal Company 10000 Toledo O by Fred B Pritchard Fannie Pritchard R W Bechtel A F Connolly Elizabeth M Peters The Crown Manufacturing and Plating Company Dayton C 20000 by Phillip Mueller Elwood E Rice Forest H Hartzell M B Rice and B F Mueller The Athens Masonic Temple Company Athens C by T N Bush H Henry W K Scott B A Headley and W BD Peters The Van Wert Baseball Company Van Wert C 5000 by W H Perry Miller English F A Gamble J W Longwell and T E Longwell The Newman Credit Clothing Company 5000 Columbus by Jacob A Newman Joseph Newman Richard Patton Henry C Phelps and BP Strittmatter The Elyria Memorial Hospital Association Elyria C by HE F Allen W W Boynton W N Gates Ss B Rawson and J P Sala
MENTIONED IN THIS ARTICLE
Commercial Tribune
Columbus
Akron, Canton & Youngstown Railway Company
Canton
Z. W. Davis
Isaac H. Taylor
William Simpson
H. B. Stewart
M. L. Rackle
Cincinnati Packet and Pleasure Company
Cincinnati
M. Ixy Liykins
Joseph L. Gerson
Louis B. Meister
Thomas A. West
Harry P. Fay
Ruede Auto Garage Company
Akron
E. F. Ruede
Fred F. Teckley
H. E. Loomis
W. J. McFarlin
Forest Firestone
Pritchard Coal Company
Toledo
Fred B. Pritchard
Fannie
Pritchard
R. W. Bechtel
van Wert Baseball Company
van Wert
W. H. Perry
Miller English
F. A. Gamble
J. W. Longwell
T. E. Longwell
Newman Credit Clothing Company
Jacob A. Newman
Joseph Newman
Richard Patton
Henry C. Phelps
BP. Stritmatter
Elyria Memorial Hospital Association
Elyria
HE. F. Allen
W. W. Boynton
W. N. Gates
Ss. B. Rawson
J. P. Sala
Burley tobacco market report shows steady prices across warehouses
The latest auction day records show Old tobaccos leading demand with high quality leaf selling up to 25 cents per pound. Offerings were distributed across Planters New Bodmann Globe Farmers and Shippers and other houses with varied lots and prices from six to twenty dollars and more per hundredweight.
Also Mentioned on This Page
Wall Street
Interstate Commerce Commission
Chicago & Alton
Fong
The
Alton
Mercantile Library
George Eustis & Co
Ticker
Haven
Southern Railway
Paris Exchange
Louisvile & Nashville
W. E. Hutton & Co
Foster & Co
John W. Ballmann
W. R. Todd & Co
Page & Hill
Charles E. Bultman
A. O. Brown & Co
Roberts, Hall & Criss
Newark Stock Exchange
Stoc
Oces
Sidsesace
British Col - Butte Coalition
Umbia
Chicago Subway
Dominion Copper
Serenee
Greene Consolidated Copper
Havana Tobacco
Otis Elevator Com
Pete
Renee Nem
Trinity Seeseereeeeeseeeeseees
Boston Mining
C.rl & P
Total
Frange
Russia
Anaconda
Canadian Pacific
Chesapeake & Ohio
Chicago Great Western
Milwaukee & St. Paul
de Beers
Denver & Rio Grande
Erie
Grand Trunk
Illinois Central
Missouri, Kansas & Texas
New York Central
Rand Mines
Reading
Wabash
Genoa
Berlin
Bank of Germany
Bombay
Bank of Bombay
Industrial Bureau
Manufacturers’ Club
Queen City Club
Edmond E. Miller
Union Gas and Electric Company
Business Men’s Club
Rogers, Brown & CO
Matthew Addy
Southern Southern Coke
Meee Southern
Southern Coke
Ty Southern Coke
Gray Forge
Lake Superior
Jackson County
Tidewater
Plain Foundry
Virginia
Csscesee
Ccseeeeseses
Eseeeeereees
Haot National Bank
C., N. & Co. Common
Special Dispatch
Call Money
Time Money
Ask. Bi Cin
T.P
Col. & Xenia
Little Mi'mi
Cn&cle&t
O Ohlo
St. Ryoma & G. B. Col
Col. Ry
T. Rys
Scioto Valley
D. Ask
R&t
Brownell
Hous
Stan
Casey-H. Pr
Yell
Ph. Carey Pr
Th&fm
Koos
Latenie
Rob'n Realty
Cuyahoga Tet
Steptoe-Sh
Ham
W. Powell
Wurlitzer
Atlas
Mercher
Consol
S. F
Ta. J. Pa
M. N
Southern Ry
Eevereeeeer
Southern Ry. Ter
Oias
Soveeecens
Aenean Wees
F. A
Hamilton County
Elizabeth Bridge
Longview
Cnevnenntonesines
Benson Street
Big Miami Bridge
Covington O
F. Pr
Idol Wine
F. Ayavaena
Newport Bonds
Water Works
Cin. Edison
Columbia Gas
Fay& Egan
Col.Gag
Pa. Bridge
Caen
Livin & D
C.b.ls
South
Ohio
R & In
Ham.& Lind
Toe Mi
L. A
P. Vv
Louisville Tobacco
Metals
Treasury Statement
NEW York Mining
Satilas National Bank
Walnut Street
Big Four
C.H.& Dts
Dog.m
C.r.&fw
Dayton & M
Miami Bs
Securities
Industrials— fAmer
Aes L
Aeee
Fay& Eg.ecom
Hoov-O-R
Niles-B.-P
Niles
T.W
Shillito. Co
Prith
Cepr. A.&b
Ind. St. Ry
Uplands
Gulf
J. Buddeke & Co
Toledo Sone Adetheot
Aeike
Lawrence County
Jones County
Miss Waynesboro
Clifton Forge
Porter County
Rudolph Kleybolte & Co
U. S
Weil, Roth & CO
East Fourth ST
J, E, Jones & CO
Carlisle Building
Cor
4Th and
Walnut
Paldwin Fao
D. HM. Baldwin & CO
W. Pourth
Vine St
Carew
S. Kuhn & Sons, Bankers
East Third Street
Bodmann
Globe
Hirds
Hhde
Louie, Jung