Wall Street Apathy Seen Amid Holidays and Uncertain Outlook
Brokers report a dull session with Union Pacific trading within a 14 point range as holidays loom. Analysts debate whether long positions will liquidate or traders will cover, while bond houses doubt near term improvement and embers of investment courage wait for the reawakening of business.
MENTIONED IN THIS ARTICLE
Union Pacific
Baking Powder War Expands Into glucose and starch markets
Royal Baking Powder Interests and Corn Products Refining Company clash as each moves to edge into the others turf. Royal plans to produce starch and enter glucose sales with a 13 percent discount to customers, while Corn Products counters by assembling a rival baking powder line and hiring key trust personnel. Both sides prepare manufacturing and distribution steps as the dispute unfolds.
MENTIONED IN THIS ARTICLE
Royal Boxking Powder Interests
Western Glucose Company
Rots
Ind
American Maize Products Company
Corn Products Reflining Company
Standard Ohys
Turt
Baking Powder Trust
Royal Baking Powder
Vern Products Refining Company
Standard of Interests
Corn Products Company
Corn Products Entorce
Corn Products Refining Company
Corn Products
Stannaird Oil Company
Standard Oil
Hellnime Company
Se 2
Trading in Baltimore Special to The New York Times
Trading in Baltimore showed activity focused on the asset side with firm prices. Southern securities were active while United Railways and Cotton Duck stocks attracted demand. incomes of United Railways rose and Cotton Duck also gained. Seaboard 4s were slightly firmer. Market data lists 110 shares traded and bonds at 430000.
MENTIONED IN THIS ARTICLE
Baltimore
Leeds
Southern
United Railways
Seaboard
Baltimore City
S Ory
Colorado
Georgia & Flags
Atlanta
St. Ry
Charles
United Ry
Fig. Ss
Consolidated Gas Aide
Dee
Wabasketers
S Steel
Ccss
ORY
Copper and Tin Decline in London Metals Market
Copper in London fell to 2s 6d below list, spot £47 15s 64d and futures £58 7s 4d. Pig tin rose £1 10s spot to £143 5s and £142 futures. Lead eased to £13 12s 8d. Iron warrants gained with standard foundry at £50 6d and Middlesborough at £55 10d. New York Metal Exchange closing bids and asks compared to prior day.
MENTIONED IN THIS ARTICLE
London
Standard Foundry
Middlesborough
New York Metal Exchange
Grain and Provisions Wheat Market Drought Effects
Wheat prices opened higher on demand and futures but fell as rain prospects and drought worries grew. Rain in Kansas March was among the driest in forty years, with 5.82 million bushels in state storage and 4000/0600 needing rain. Nebraska and California faced similar shortages. Export demand remained steady with eighteen loads shipped, while prices for No 2 red wheat in New York closed firm on prompt delivery and FOB terms.
MENTIONED IN THIS ARTICLE
Daza
Tosa
Nebraska
Calfornia
Plan for Readjustment of Mexican Railways Endorsed
The plan for readjustment and union of the Mexican Central Railway and National Railroad Company of Mexico is endorsed after negotiations. Speyer & Co New York and SpriveR Brothers London urge holders to accept terms and deposit shares without delay under the plan.
MENTIONED IN THIS ARTICLE
Mexican Central Railway Company, Limited
National Railroad Company of Mexico
Speyer & Co
New York
Mexican Central Halfway Company, Limited
Ferrocarriles Nacionales de Mexico
National Railways of Mexico
United States
Republic of Mexico
Ipary
Stad
Central Railway Company, Limited
Central Trust Company OF
Wall Street
Iton, Idder, Peabody & CO
Devonshire Street
Boston
Mercantilh Trust Company
London
Banco Nacional ‘de Mexico
Central Company
Government of Mexico
Mexican Central Railway Securities Company, Ltd
Cotton Market Closes Steady After New Low Records
The cotton market eased to new lows yesterday with values below 9 cents for all months and a close about 10 to 13 points lower. Estimated sales reached 276,000 bales as favorable weather and bearish trade reports kept selling pressure, while some orders withdrew before the close. Local spot prices showed middling ranges around 10 to 10.2 cents in Southern markets including Savannah, Norfolk, Galveston, New Orleans, Memphis, and Houston with muted activity overall.
MENTIONED IN THIS ARTICLE
Mapeket
Seacveeseus
Minessckvare Etyees
Ceeseeseeer A
Gescese Er
Traeessees Ves Cece
New Orleans
Memphis
Houston
Hamburg
Rio
Santos
Coffee markets show light activity and mixed spreads
The market was steadier overall with limited gains and several months sliding or holding. Rio and Santos saw little change while receipts remained near recent levels and the spot market quieted amid irregular early positions and shifting near to late month contracts.
Financial notes report movements and transfers across firms
James Speyer returns from Virginia Hot Springs and Adolph Lewisohn of United Metals Selling Company sails to Europe. Benjamin B. Thayer of Amalgamated Copper Company plans return later this week. Erie Railroad offices shift to Hudson Terminal Building while executive offices stay at 11 Broadway. Southern Railway and several allied lines move executive offices to Hudson Terminal today. Sheriff attaches $5,000 against Olive Street Bank of St Louis for a Prudential claim. attachment served on Phenix National Bank after a nonpaid April 8 check.
MENTIONED IN THIS ARTICLE
James Speyer
Virginia Hot Springs
Adolph Lewisohn
United Metals Selling Company
Europe
Benjamin B. Thayer
H. H. Rogers
Amalgamated Copper Company
Erie Railroad
Hudson Terminal
Broadway
The
Southern Railway
Cincinnati
New Orleans
Texas Pacific Railway Cmpany
Alabama Great Southern Railroad Company
Georgia Southern & Florida Railway Company
Sheriff Foley
Olive Street Bank of
New York Incorporations Arrive in Albany Listing Several Firms
Special to The New York Times Albany April 14. The following corporations were formed in New York with varied capitals and directors including White City Amusement Company Highs Sales Company Sidney Valve and Supply New York Trunks Hutchinson Realty Company United Hat Stores Rye Beach Inn Company English Language Academy Spain Pancana Products Company Greater New York Builders and Contractors Company National Cement and Construction Company Rupp Hosch Machine Company Carlyle Realty Company Zander Institute United Employment Agency and others Capital amounts range from 1 000 to 50 000 with multiple directors named across New York Brooklyn Nassau and Westchester counties Also mentions capital increases for American Moving Picture Machine Company and Phosphate ring Company.
MENTIONED IN THIS ARTICLE
New York Times
Albany
White City
Sidney
Delaware County
George Wilkinson Sidney
Harles F. van Steenburgh
Buffalo
Kirko B
Mathee
Batsvia
N: Y
Berner & Freed New York
Trunks Capital
Herman Berner
Park Place
Orange
N. J
Isidore Freedman
Fast 114Th Street
David Strauss
Avenue B
Capital
Abraham Kasower
Molile Kasower
East Seventy-second Street
Wolf Rosenblatt
Essex Street
New York
Rye Beach Inn Company
Rye
Westchester County
Oscar Sayer
Rye Beach Inn
N. Y
James P. Reilly
Columbus
Avenue
Horace Kenworthy
West 111Th Street
West 124Th Street
Greater New York
Arnold Gottlieb
Taylor Street
Brooklyn
Rupp Hosch
Machineompany
Laureate Rupp
Herkimer Street
Oscar Hosch
Ferdinand Hosch
Holland Boulevard
Rockaway
Beach
L. I
Carlyle Realty Company
Martin Latuels
Franklin Street
John Fleur
Lewis Alien
138Th Street
Zander Institute
Andrew L. Nelden
William A. Woodbury
Josh Deilafield
East Twenty-eighth Street
Newark
United Employment Agency
Joseph Henry
Max Singer
Norfolk Street
Alexander Saflan
Stanton Street
American Moving Picture Machine Company
Robe Leslis
William Te
Phosphate Ring Company
Breele
Otis & Broad Street
New Tote
Regular Auction Sale of Stocks and Bonds Evening Sale Details
Auctioneer Andrew J. McCormack presents a regular sale by Adrian H Muller & Son at 12:80 o clock in April 1908. The listing covers a diverse portfolio including water, steel, railroad, telegraph and utility securities, with numerous bonds and shares from firms like New York & New Jersey Water Co Carnegie Trust Co United States Steel Corp American Ice Co and Metropolitan Surety Co.
MENTIONED IN THIS ARTICLE
Andrew J. McCormack
Adrian H. Muller & Son
William ST
Exchange
Vesey Street
New York & New Jersey Water Co
P. c
Ifce
Champion Seal Co
Carnegie Trust Co
Star Tie Ins. Co
Louisville
Federal Sugar Refining Co
Broad-Exchange Co
Broadway
American Thermos Lettie Co
Mababi Development & Lamiber Co
Wells, Fargo & Co
Ohio Trust Co
Norwalk
Ohio
Fidelity Fire Ins. Co
Broadway Wachange Co
Common
Reality Associates
Chesapeake Western Riway Lst
Chesapeake
Chemung Canal Trust Co
Elmira
Commonwealth Trust Co
Buffalo
Federal Publishing Co
Po Bond
Branchi and Coal Co
the Conway Co
Bank of Commerce
Core Exchange Bank
Carnegis Trust Co
J. Louis
Southwestern R
American Ice Co
International Post Car4 Co
Southern Electric Securities Co
Ist
Mtg
Coll. Trust
United Gas & Electric Co
Also Mentioned on This Page
Othr
Labor and Business Factora
On House
Tle
Alciar
Royal Company
Petitor
Metal Market Reports
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Bishopsgate St
Within
Paris
Rue de
Brooklyn Trust Company
Bedford Ave
Fulton St. Manhattan
Wall St
Trust Company OF America
Colonial
Broadway, New York
Gresham ST
E. G
Nassau Street
Travellers Letters
Grain and Provisions
Seine
Esceese TB
Spriver Brothers
Receiva
Amsterdam
Mexico
J. Henry, Schroder & CO
Spryer Brothers
Glyn, Mills, Currie &Co
Bwviss Bankverein
Hope&co
Teixeira
Mattos Brothers
Berliner Handelsgesellschaft
Pittsburg Transactions
Louisville & Nashvill
Northern Pacific
Sone
Rio Grandee
American Telephone and Tellgraph Company
Increas
OKKSO
Ingersoll-Rand Company
Pittset
Trai Tire
Tories
BAG and’ Paper Company
UNION
Hbotshure
Westing
Oranda
Pitts., Mok
Ing Te
Financial Notes
American Sewer Pipe Company
American Clay Manufacturing CO
Knickerbocker Trust Company
Knickerbocker Trust CO
Charles H. Keep
Chas
van Nostrand
Gas and Electric Securities
Wall Street Journal
Hull Company
Cedar St
New York City
Willard W Wilson
tx +S
Langley W
ING
Howard Bayne
V-Pres. & Treas
Edwin B. Potts
Agatl
David S. Mille
Coes
Huttig
Third Nat'l Bank
Louis
Willard ¥. King
Company
Anthony B. Kuser
Presa
Jersey Gas
Elco, & Trac
John R. McGinley
Pittsburgh
Pan
V. McNeal
O. RR
William H. Nichols
General Chemical Co
Augustus G. Paene
Acd Penn. Co
Arthur Turnbull
Post& Flare
Arthur G. Yates
Pres
Rochester & Pitts
R. RB. CO
NEW York Supreme Court
Third Judicial District
Ulster County
J. Edward Simmons
Charles N. Chadwick
Charles A. Shaw
Board of Water Supply
City of New York
Olive
County of
Ulster
Supreme Court of
State of New York
Kingston
Francis Key
Atove
Borough of Brooklyn
Engine Company 112
Wythe Avenue
Hook and Ladder Company 36
Greenpoint Avenue
Nicholas J. Hayes
Department OF Parks
Arsenal Building
Sixty-fourth Street
Borough of Manhattan
Park Board
Department of Parke
Henry Smith
Joseph I. Berry
Michael J. Kennedy
Commissioners of Parks
Bellevue and Allied Hospitals Department OF
Twenty-sixth Street
First Avenue
Board of Trustees
Oaks
Bellevue Hospital
First Avenues
East River
Twenty-sixth
Twenty-ninth Street
Manhattan
City of New Pages
City Record
Jouseph W. Brannan
Jrant Board of Trustees
Fire Department
City OF
Seventh Street
Ensine Company 117
de Kalb Avenue
Lewis Avenue
Nicholas. J. Hayes
Department OF Bridges
Park Row
City
Blackwell's Island
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Sea City Record
James W. Stevenson