Erie Fate Looms Over Markets Despite Recovery Hopes
The Erie situation influenced trading as discussions over a $5.5 million note issue and possible receivership were debated among directors and bankers. Prices rose modestly on optimism, while winter wheat prospects improved with a government crop report showing high conditions and a projected near record yield. Iron output, railroad earnings, and European money markets showed mixed signals as banks and governments manage liquidity and gold movements.
MENTIONED IN THIS ARTICLE
Stock Exchange
Erie
Steel plants shift to armor plate vaults and warship parts
Carnegie Steel adapts its armor plate plant to bank vaults after Midvale and Bethlehem pull back. A Dollar Savings vault order from Youngstown marks a growing armor plate demand, while plates for battleships North Dakota and Delaware proceed. Prices and contracts ripple through steel and cotton ties, with ongoing shifts in structural shapes and rails.
MENTIONED IN THIS ARTICLE
Pittsburg
Penn
Carnegie Steel Company
Midvale Steel Company
Bethlehem Steel Company
Midvale
Carnegie Company
Dollar Savings and Crust Company
Youngstown
Ohio
North Dakota
Delaware
E. H. Gary
New York
Gary
Pittsburg Steel Company
Sharon Hoop Company
Atlanta Steel Hoop Company
Clearing House Finances and Bank Investments in New York
The sale of a $15 100 interest in the New York Clearing House by the National Bank of North America rekindles focus on member banks investments. The Clearing House, worth 1 030 000, is owned by the Clearing House Building Company with 630 000 in outstanding certif icates. Banks hold these as real estate, with a 5 percent interest and an option for purchase at par, and the three recently dropped banks are expected to have their certificates bought as well.
MENTIONED IN THIS ARTICLE
National Bank of North America
New York Clearing House
Clearing House Building Company
Clearing House
Association
Bank of North America
Erie Railroad Crisis Spurs Harriman's Rising Control
The Erie Railroad's rescue from receivership led by E. H. Harriman shifts potential control of the line toward Harriman. Analysts expect a broader readjustment of Erie securities and further cost economies to solidify earnings while awaiting completion of major projects like the Guymard cut off.
Copper Gossip Reports Active Markets and Mine Updates
Boston copper gossip notes scarce marketable copper, rising exports, and steady American demand. Calumet & Hecla expands stamping. Lake shaft control expands. Adventure and Toltec drill deeper. Michigan kiln yields 450 to 500 tons daily. water halts Ojibway No 1. Atlantic shaft bottomed at 1275 feet. North Butte reports a rich seam. Amalgamated trims output. Rarus Mine boots 45 workers at 1000 tons daily. Old Dominion advances production. Utah copper totals near 6 million pounds in March. Cerro de Pasco 1908 forecast 20 million pounds.
MENTIONED IN THIS ARTICLE
New York Times
Boston
Calumet & Hecla Company
Calumet & Hecla
Adventure
Lake Lode
Toltec
Michigan
The
Atlantic
North Butte
Butte
Amalgamated
Rarus
Butte Coalition
Old Dominion
Utah
Cerro de Pasco Copper Company
Pierce
Paris Bourse Calm Amid German Issue Uncertainty
Paris markets remained calm as uncertainty over major German issues kept trading subdued. A special cable from THD New York reports subdued activity and cautious sentiment continuing through the day in April.
MENTIONED IN THIS ARTICLE
New York
TIMES
Paris
Boerse boom follows Reichstag pass boosts European stocks
Berlin trading shows buoyant activity with a midweek peak and a later pullback but overall gains from the prior week. Irons and industrials lead. electric stocks surge on electrification rumors. shipping shares fall with emigration slowdown. Erie troubles settle aiding American, Baltimore & Ohio, and Canadian issues. new loans totaling 162.5 million dollars oversubscribed though lacking speculative appeal.
MENTIONED IN THIS ARTICLE
New York Times
Berlin
Reichstag
Irons
Erie
Baltimore & Ohio
Imperial
New Russian Loan Said Under Way in Paris
A Berlin telegram reports a reliable authority stating a new Russian loan is being prepared and will likely be issued in Paris.
MENTIONED IN THIS ARTICLE
New York Times
Berlin
Paris
Cattle Border Crossing Ruled Non Duty Import
Treasury rules that cattle straying from Mexico into Nogales Arizona District are not importations. Twenty five head were initially charged under Dingley tariff, owner F B Weston protested, and a refund of duties was directed after the board ruled they were not imports. General Appraiser Hay denied free entry for instruments imported for the San Francisco Polyclinic and Post Graduate College.
MENTIONED IN THIS ARTICLE
Treasury Department
Mexico
Nogales
Arizona
F. B. Weson
Board of
United States General Appraisers
Hay
San Francisco Polyclinic and
Post Graduate College
Also Mentioned on This Page
United Gas Improvement Co
Philadelphia
N. Y. Stock Exchange
Redmond
Chestnut St
Pine Street
New York Stock Exchange
Spencer Trask & Co
William and Pine Sts
Wall Street, New York
BLAIR@CO
Broad ST
Avestment Securities
Travelers Letters of Credit
Massachusetts
Kountze Bros
Broadway
Henry Clews & Co
N. ¥.Stock Exchange
N.W. Halsey& CO
Wall St
Chicago
San Francisco
MT. Vernon
N.Y
AEG
Baltimore, MD
Res
Legal For Savings Banks
Adams & Company
Wall Street, N. Y
Congress St
Europe
Board of Directors
Financial District
Harriman
eThe Union Pacific
Southern Pacific
Bank of England
London
Treasury
United States
County Council
Carnegie
Clearing House Finances
Erie Railroad
Erie Securities
H. H. Harriman
Road
Wall Street
E. H. Harriman
J. P. Morgan & Co
Boston Copper Gossip
Bourse Calm
Chicago & Western Indiana
A. I
Illinois Trust & Savings Bank
Chicago, Ill
Chicago & Eastern Illinois Railroad Co
Wabash Railroad Company
Grand Trunk Western Railway Co
Chicago & Erie Railroad Company
Chicago, Indianapolis & Louisville Railway Co
Procter & Bordepotter, Choate & Prentice
Broadway Hanover Bank Building
Edward B. Smith
Francis E, Bond
George W. Norris
Epward
William P. Bonbright & Co
George St
Mansion House
E. C
Colorado Springs
Colorado
Nassau Bank
Comer Nassau and
Beekman Sts
Canada
Ris
KE. P. Ripley
Atchison, Fopeka & Santa Fe Railway
JAS. H. Oliphant & CO
Broads&t
Chisholm & Chapman
Fifth Avenue
Dominick & Domnick
N. Y
United Bank Note Corporation
Bertron, Storrs
Griscom
Land Title Building
R.R. CO
Pittsburgh, Lake Erie
West Virginia System
Miegargel & Co
Nassau Street
NS. Y. Stock Exchange
Iran
J. F. Pierson, Jr., & Co
New York Stock Exchanges
Trust Companies
Greater New York
White
Simon Borg & CO
Nassau St
Investment Securities
Primrose
BRAUN
Bank, Trust & Fire Ins. Co
Hanover
Exchange Ph
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