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Newspaper
Cincinnati Commercial Tribune
Location
Cincinnati, Ohio, United States of America
Date
Mar 25, 1908
Page
8
The York market notes an uplift after yesterday's Supreme Court ruling against Minnesota and North Carolina rate laws. Investors digest the decision's safeguards for rate restrictions, with rail and utility stocks reacting to the potential impact on future corporate regulation.
New York market prices list Adams Con .065 Alice 7.50 Breece .10 Brunswick Con 10 Con California and Virginia .50 Horn Silver .75 Iron Silver 1.25 Leadville Con Little Chief .035 Ontario 2.75 Ophir 1.95 Potosi Savage .2 Nevada .28 Small Hopes .18 Standard 1.50.
The Northern Traction Company announces in February that future plans enable a through line from Cincinnati to Ohio Electric Railway. The move aims to connect regional transit and ease intercity travel.
American stocks in London hold near parity while copper stocks rise in London. Western roads in Chicago forecast cheaper Pacific Coast freight rates this year than in 1907. Bond market softer but prices steady as loan demand wanes. Thirty nine railroads report second week of March with an average gross decline of 12.80 percent.
Analysts note a March 1 upturn and call for selective stock purchases. They cite optimistic factors from a proposed Sherman law revision and a Supreme Court ruling, with many brokers expecting a forthcoming large upward move despite late-session profit-taking.
A stockholders meeting of the Queen City Union triage and Wagon Works Company is set for Monday April 20 at 1315 Walnut street to dissolve the company and surrender its corporate authority. Visitors registered in the Business Men's Club included H L Brown Andrew Stock Norman Chassler C H Wickeel Harry J Mayers and Alfred Peg. The Wirthlin Scallan Company was reincorporated in Columbus by Louis A Wirthlin Edwin N Wirthlin William A Geoghan George R Scallan and Joseph A Scallan due to Edwin N Wirthlin joining the firm.
The author argues Wall Street used to control savings, causing a clash with the public. He proposes a new system of finance based on public display of stock value and genuine disclosures. He claims an extraordinary offer lets the public participate in a $12 million venture with large owners retaining four-fifths of the property.
Liam Lodge and Robert Wuest along with Prof. Herman Schneider and Frey Geier depart for New York City to attend the tenth annual Metal Trades Association convention. Lodge serves as treasurer and Wuest as commissioner. Schneider and Geier are slated to speak on Co operative Engineering Course. Arthur Frederick Sheldon of Chicago will visit Cincinnati next week for talks and luncheons at the First National Bank Building Business Men's Club and the Grand Hotel. Federated Improvement Associations committee meetings and a Columbus hearing on the grade crossing bill are scheduled today and tonight respectively.
International markets opened firm with money demand and subdued settlement activity in London. Copper shares rose on metal gains while Japanese and American stocks strengthened amid Wall Street optimism. Paris opened weak on a swindling arrest and Berlin showed firm prices as traders awaited events.
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