Independent telephone boom lures buyers in 1906 stock pitch
The United States Long Distance Telephone Company stock is offered at 50 cents on the dollar with a 6 percent dividend and potential 8 percent next year. Proponent cites 300000 independent telephones, 24000 miles of copper, and a 99 year monopoly via voting trust certificates run by Brailey and Barber, plus earnings projections for 1906.
MENTIONED IN THIS ARTICLE
United States Long Distance Telephone Company
Cincinnati
Cleveland
St. Louis
Toledo
Columbus
Brailey
E.S. Barber
Wauseon
Ohio
Louisville
Kansas City
Bell Telephone Company
City & Suburban Telephone Company
Cincinnati Company
American Bell Telephone Company
Independent
Bell
Pennsylvania
New York
West Virginia
Indiana
United States
U. 8
U. 8S
Everett-Moore Syndicate
James 8. Brailey, Jr
Cuyahoga
Cleveland Trust Company
United States Telephone Company
Seergs Sc
U.S
U. S
Public Service Corporation
Columbus Gas and Fuel Company
G. C. Scott
Sec’y
Cincinnati Gas and Electric Company
Fourth and
Plum Streets
Board of Directo
Clauss
Ginelnnath O
Speculative Liquidation and Market Shifts in New York
The Commercial Tribune reports a stock market pressured by speculative liquidation and lower prices. Reading, Consolidated Gas, and other issues weaken sentiment as foreign repayments and loan expansion reshape money flow and gold movements.
MENTIONED IN THIS ARTICLE
Congress
Reading
Pennsylvania Bond Deal in Paris Shapes US Trade Outlook
The report notes a $50 million bond transaction in Paris aiding New York’s large floating indebtedness and delaying remittances. Harvest prospects and exportable supplies boost the US trade balance, while a drop in foreign demand for canned meat products on packing house abuses may reduce foreign exchange. Bond prices remained firm though market slow. US old 4s up 4 and new 4s 3 on call.
MENTIONED IN THIS ARTICLE
Paris
New York
United States
Wall Street Gossip and Crop Report Vary in Forecasts
Government crop forecasts vary widely with little authority. Erie earnings are seen at 2 to 3 percent for the year. Minneapolis flour business remains dull with weak demand. Seaboard plans a comprehensive finance plan. Crm 7 Eighty roads for April show a 3.91 percent net gain. Rain complaints in the Northwest temper otherwise favorable crop reports. Banks lose 429 300 in currency movement. Treasury receipts offset large Frisco inflows.
Brokers’ Views on Markets Ahead of Congress Adjourning
The text compiles opinions from multiple brokers on market conditions. They note banks appear stronger than figures suggest, a cautious trading outlook with continued use of grain markets for profits, mixed railroad earnings, and expectations of an irregular market with opportunities on price dips.
New York Bond Sales Report Mixed as Markets Weigh Options
Orr By W E Hutton Co and First National Bank report varied bond prices with Japanese issues around 4s to 5s and Erie, Pennsylvanian, and Wabash debentures listed. Totals show a large securities volume with diverse yields and multiple offerings across rail, gas and utility bonds.
MENTIONED IN THIS ARTICLE
Orr
W. E. Hutton & Co
First National Bank
Ak Duilding
Cen.Ga. 24 Inc
jErie Pr
N.y.c.ls
I. B. Oa
S. F
St.l
Zolo
Ind
Con. Gas
L. Iy J B
Rocon Am
W. P
Erie G
S. P
O. W
Ieee
Tao
National Bank
Plum
Cincinnati Grain Men Headed to Illinois Association Meeting
A Cincinnati delegation will travel to Peoria Illinois for the Illinois Grain Dealers Association annual convention. Members include W R McQuillan Harry H Hill C Nippert Edward Fitzgerald Lyman Perin R E Fleming A C Gale and C E Van Lemmon.
MENTIONED IN THIS ARTICLE
Cincinnati
Eoria
Ill
The
Ilinois Grain Dealers’ Association
W. R. McQuillan
Harry H. Hill
C. & Nippert
Edward Fitzgerald
Lyman Perin
R. E. Fleming
A. C. Gale
C. E. van Lemnon
Foreign Bourses See Mixed Tone Across Markets
Global markets show abundant money demand and easy discounts in London with talk of Bank of England rate cuts. US and European stocks largely steady or dull as settlement nears. Japanese and Canadian assets quoted with modest gains but overall tepid activity across major bourses.
MENTIONED IN THIS ARTICLE
London
Bank of England
The
Stock Exchange
Board of Trade
Anaconda
Atchison
Baltimore & Ohio
Canadian Pacific
Chesapeake & Ohio
Chicago Great Western
Chicago
Milwaukee & St. Paul
de Beers
Denver & Rio Grande
Southern Railway
Southern Pacific
Union Pacific
United States Steel
Wabash
Paris
ST. Petersburg
Berlin
Exchange
New York Banks See Mixed Cash Gains Amid Transfers
The Financier reports last week's data from the New York Associated Banks show cash gains below expected levels despite large money transfers from San Francisco. Deposit expansion matches loan growth. reserves rise, while eight banks added loans and seven banks increased net cash.
MENTIONED IN THIS ARTICLE
New York
New York Associated Banks
Treasury
San Francisco
Customs Internal Revenue
Money and Bond Markets Across New York and Boston on June 9
New York reports call and time loan yields steady with short terms around 4 percent and sterling around 485.90. Boston lists diverse bond quotes from Atchison to Mexican Central, plus utility and industrial shares and preferreds, reflecting firm government bonds and heavy railroad activity.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile Paper
Sterling Exchange
Boston
Atchison Adj
Atchison
Mexican Central
Ciee Atchison
Albany
Boston & Maite
Fitchburg
United Fruit
United Shoe
United States Steel
Westinghouse .Com
Imperial Bank weekly statement shows mixed changes
Berlin June 9 The Imperial Bank of Germany reports cash in hand down 13 180 000 marks treasury notes up 380 000 marks securities down 54 130 000 marks notes in circulation down 35 260 000 marks
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Treasury
Quiet Week in Stock Market With Two Call Sales
The week closed quietly with two call sales and unusually light business. Bonds stayed quiet. money remained easy though a rate cut was anticipated. Clearings totaled 4,096,450 in Cincinnati and 25,604,700 for the week, with gains from last year and steady New York exchange quotes shaping sentiment.
MENTIONED IN THIS ARTICLE
Alaska
Pacific
Stock Exchange
Cincinnati
New York Exchange
London
Glasgow
Belfast
Biremoco
Ons Sc
Ccc
Cespeeceh
Paris
New York
Clearing House banks show gains over reserve requirements
New York June 9 The weekly statement of Clearing House banks reports reserves above the legal requirement totaling 7 162059 million dollars, up 34602 from last week. Loans rise to 1 0591626 million, up 7619400, circulation 48931400 down 807800, legal tenders 81816300 down 1081900, deposits and reserves show varied changes, with surplus up 348025 to 7162050 and ex United States deposits up 201709.
MENTIONED IN THIS ARTICLE
Bank of Germany
Berlin
Paris
London
New York
Hovse
United States
Metal markets mixed with firm tin and copper
In New York tin held at 40 to 40.25, copper steady at 18.75 to 19 for lake and 18.37% to 18.59 for electrolytic, and casting at 18.25 to 18.37. Lead remained 5.75 to 5.90, spelter 6.0 to 6.10, while iron stayed quiet on recent figures.
MENTIONED IN THIS ARTICLE
ST. Louis
New York
London
Treasury balances show available cash and gold assets
Washington June 9 report details the general fund balances excluding the gold reserve. Available cash totals 165,067,297 dollars, gold coin holdings at 83,499,566 dollars, and gold certificates amount to 44, (incomplete from OCR).
MENTIONED IN THIS ARTICLE
Washington
Treasury
General Fund
Also Mentioned on This Page
Home People
Bell Companies
WAMOR
Cecwesscverviiscees
LOK
Claude Ashbrook Incinnati
Commercial Tribune
Call Loans
Time Loan Department
Interior Banks
George Eustis d
Mercantile Library
Chicago Gt
Colorado
Southeraware & H
Detroit United
Erie
Great Northern
Hocking Valley
Punois Central
Missouri Pacific
Northern Pacific Seveee
Ontario & Estern
Rock Island
St. L
St. Paul
Amer
Yeneral Electric
Republic Steel
Ry Steel Springs
Sugar Seenee Union Bag & Pape
Ste
Western Union
Wall Street
Minneapolis
Seaboard
Tron and Steel Mills
Frisco
H. M. Beazell
P. J. Goodhart & Co
John W. Ballmann
A. O. Brown & Co
Foster & Co
Charles BE. Bultman
Charles J. Buddeke & Co
City Hall Bank
Ohio State Teachers’ Association
Putin Bay
J. V. Freon
Alameda
Cal
Bay
Imperial Council of the
Mystic Shrine
Order
Wm. B. Melish
Joel C. Clare
Eugene L. Lewis
Wm. H. Armstrong
J. W. Montgomery
Imperial Council
Business Men’s Club
Woodsdale Island Park
Cincinnati Traveling Men’s Association
Merchants of Cincinnati
Associated Banks
Oberts, Hall & Criss
Newark Stock Exchange
Bia
American Can
Bay State
British Columbia Copper
Consolidated Refrigerating
Green Consolidated Copper
Havana
Houston Oil of
Texas
S.se
Mercantile
Shawnee
Internatie Mot
Acceetsien Ae
Ackay Penne
Ewneeneane Idhe
Manhattan Transit Co
Montreal
Boston Mining
New Amsterdam Gas
Sodas
Otis Bvator
Royal Baking Powder
Éarere
Seaboard Air Line
Steseded Sedge PD Bpo Occa Sntatenen Ooneddeeaesverss Stardard
Peoria
Special Dispatch
Call Money
Time Money
Fleischmann
St. Ry
Rolling Mill
Barney & Smith
Barney & Smith, cm
Fay & Egan
Inter. Ry
Cleveland School
Cin. Link. Fund
Union L., H, and P
Laporte Co
Cin
T.P
Col. & Xenia
Little Miami
Tractio
Ape
L.&t
Ohio Tr
L&t
Cnag
Colum
Col.Rys. & L
Scioto Valley
Det
UN. Ry
Am. R. Mill
Arm
G.& Os
Tob
Neye Realty
U. . Rinting
W. Powell Pr
Wurlitzer
Atlas Nat
Consol
J. J
F. A
M. N
F.A
Southern
Ry. Ter
Hamilton County
Elizabethtown
Eoecell
Longview
Semen « Armo
Reimsbursement
Bopy
Wothit
Cin Edison
Ham
Mt. Au
N.&c
Ee & C
Det. Darien Let
We Iil
Ham, & Lind
Ieee Ee Int
Germt
Cc & N
Cuyahoga Telephone Co
U. S. Telephone Co. Common and Preferred
Investment Department
Dayton
Newark
Lima
Salem
Sherman
Tex
Oklahoma City
the Central Trust & Safe Deposit Co
East Fourth Street
Thompson-Brown CO
Mercantile Library Building
Carlisle
J.E. Jones & CO
Lima, Findlay & Toledo Railway
Weil, Roth & CO
New Orleans
Texas Pacific Ry. Co
Ti Southern Ry
J. F. Feder
Traction Building
F.e.webner & CO
Accountants and Auditors
Ingalls Building
First Nat’l Bank
Claude Ashbrook
Walnut St
Sright
Yin
Cit
Cosmo Olitan
First N'‘l
Norw
Union 8. & T
Unity
C.&c.bdg
el. Au
Miami
West Ohio
A&b
Eagle
Oak L.pr. Am
Bullock
Ham. Ma.t
Li Hoov-O-R
Wiles-B.-P
Niles T.W
Ph. Carey Pr
Shillito Co
Gias-ao
Clearing House
Metals
Treasury Statement
Wall St
HH. O. Goldsmith
Treas’r
Wall St. Information Bureau
Broadway, N. Y
Bullfrog
Fairview
Goldfield
Manhattan
Searchlight
Round Mountain
Nevada
Nevada Mining News
Box 124
Nev
Chicago Street Improvement
S. Kuhn & Sons
E. Third St
Phoenix Grain & Stock Exchange
E. Fourth St
Denver
R. R
Col