Bond Offering for First and Refunding Mortgage 5 Gold Bonds
Public Service Corporation in a large city offers 95 and interest yielding about 5.40 percent. Limited amount of underlying bonds, company earns double interest on its debt and pays regular dividends on its stock. Listed on the New York and Philadelphia exchanges.
MENTIONED IN THIS ARTICLE
Public Service Corporation
New York
Philadelphia
Erie Troubled Markets Hint at Finances and Reform
The Erie Railroad faces 3 million dollars in maturing notes and a large floating debt. The board and bankers discuss funding via a new 6 percent note issue while absorbing present notes to avoid cash outlay, amid broader market weakness and calls for cost cutting and broader restructuring.
MENTIONED IN THIS ARTICLE
Erie Railroad
Stock Exchange
Wail Street
Public Service Commission
Wall Street
Erie
Cincinnati
Hamilton
Dayton
Boston Copper Gossip Highlights March Copper Output
Special to The New York Times reports Boston copper gossip noting March production figures across mines. Butte Camp output reached 18,127,270 pounds, while Osceola and Centennial posted notable changes. Quincy reported record monthly mineral tonnage, and Copper Range singles out improved sales performance.
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New York Times
Boston
Butte Camp
Osceola
Tamarack
Quincy
Copper Range Consolidated
Centennial
Allouez
Granby Consolidate
Arizona Commercial
Greene- Cananea
Cal
Greene
Superior & Boston
Old Dominion
Ajo
Arizona
New England
Clifton
Railways in South America Gain Slow Ground
South American governments push rail construction but the southern hemisphere remains sparsely served. Chile budgets 15.5 million for government railways this year while Colombia, Venezuela, Ecuador, Peru, Bolivia, and Paraguay total under 3,500 miles for about 14 million people. Uruguay Chile and Argentina show comparatively more progress, with varied miles per 100 square miles and per 10,000 inhabitants. the United States records 6.2 miles per 100 square miles.
MENTIONED IN THIS ARTICLE
Railway Age
Chile
Colombia
Venezuela
Ecuador
Peru
Bolivia
Paraguay
Brazil
Uruguay
Argentine Republic
United States
Egypt Gains Gold Despite Export Surplus
An official Egypt Statistical Department report shows imports of gold coins totaling £17,441,838 against exports of £6,640,066 for the fourteen months ending February 29. The overall import excess amounts to £801,772, about $4,000,000, not counting £56,968 worth of gold imported.
MENTIONED IN THIS ARTICLE
Egypt
Statistical Department
Better Business in Berlin
Berlin opens the new quarter with rising activity as the public returns as investors. Confidence grows after the Boerse law passage, a compromise designed to facilitate trading and seen as a better measure.
MENTIONED IN THIS ARTICLE
New York Times
Berlin
Steel trade position in Pittsburg shows mixed signals
Special to The New York Times reports in Pittsburg on April 5 that tin plate trade is steadier though prices are lower. Mill capacity expands with American Sheet and Tin Plate Co adding sixteen Elwood mills to reach 202 mills, about 9 percent of capacity. Railroad demand remains weak, delaying steel purchases until after the presidential election.
MENTIONED IN THIS ARTICLE
Tore Times Longon
Erie
Bank of England
New York Times
Pittsburg
American Sheet and Tin Plate Company
Elwood
Ind
United States Steel Corporation
Carnegie Steel Company
Bessemer
Foundry
New York March Stock Transfer Tax Compared to 1907
March stock transfer tax receipts in New York totaled 330 899 dollars, roughly half of March 1907 but the largest monthly total since October aside from January. February receipts were 208 899 dollars and March 1907 reached 683 271 dollars. Records show monthly results since the tax began in June 1905.
MENTIONED IN THIS ARTICLE
State of
New York
Weenee API Vnc
Weeae
Slump on Paris Bourse Signals Bear Pressure
Paris April 5 The stock market closed with a general drop after a solid week. French rentes weakened as heavy selling hit the scene. The government pushes taxing untaxed securities while bears exploit the stance. Lockout in building trades adds potential wide consequences.
MENTIONED IN THIS ARTICLE
New York Times
Paris
Bear Clique
Hearing on federal check bill targets small cities
The Ways and Means sub committee in Washington will hold a Wednesday hearing on Congressman Hill of Connecticut's bill authorizing government use of checks for deposits and disbursements. It would let the Treasury Secretary accept certified checks for taxes and deposit them in regular banks. James Hallock promotes the bill, urging Baltimore merchants and chambers to support. the piece notes long-standing practice differences and discrimination against major ports including New York and Chicago. The discussion cites historic shifts since 1846 and 1907 Aldrich act changes, with figures on customs receipts across ports and the concentration of deposits at ten ports versus 150 others.
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Stock Exchange
Treasury
United States
Longan
Paris
London
Ways and Means Committee
House of Representatives
Washington
Congressman Hill
Connecticut
Secretary of the Treasury
James
Hallock
New York
Baltimore Chamber of Commerce
Board of Trade, and Merchants
Internal Revenue
Aldrich
Baltimore
Boston
Chicago
Cincinnati
New Orleans
Philadelphia
St. Louis
San Francisco
Hepburn Plans Currency Testimony in Congress
A. Barton Hepburn president of Chase National Bank and chair of the ABA Currency Commission will address the House Banking and Currency Committee in Washington on April 15 to present ABA views. He convenes a Currency Commission meeting in Washington on April 14 to place ABA ideas in definite form.
MENTIONED IN THIS ARTICLE
House Banking Committee
A. Barton Hepburn
Chase National Bank
Currency Commission
American Bankers’ Association
House Committee On Banking and Currency
Washington
Hepburn
Currency Commission of the Association
National Lead Co. Reports Large 1906 Earnings Decline
The National Lead Company reports a 15 19 percent drop in business for the year so far 1908 versus the same period in 1907. Last year was a record with net earnings of 2,042,240, up 442,613 from 1905. Stockholders rose from about 150 at formation to 5,500, with no single controlling interest or large holder, says President Cole.
MENTIONED IN THIS ARTICLE
National Lead Company
Cole
Delaware & Hudson reports 1907 gains and asset valuations
The 1907 report shows gross earnings rising to 20,175,793 and net income of 4,466,178 after charges. It notes coal operations earning 957,482 and other income of 1,468,090, with equipment appraised at 25,058,798, 498,205 above book value, and mentions coal land purchases costing 5,210,850 and a Quebec Montreal & Southern acquisition to access Canadian wood pulp.
MENTIONED IN THIS ARTICLE
Delaware & Hudson Company
Th c Carges
Hinds
Delaware & Hudson
Troy & New England Railway
New York, New Haven & Hunrtford
New Haven
Quebec, Montreal & Southern
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