Chicago Subway Stock Hits New High in Outside Market
In yesterday’s curb trading Chicago Subway rose to a new high of 28% on 10,200 shares traded. Goldfield Consolidated reached 915 and closed near that level after 15,700 shares. Cobalt Central also hit a new high at 75 cents before ending at 69% on 110,000 shares. Bond list dull. copper minor gains and losses.
MENTIONED IN THIS ARTICLE
Chicago
Goldfield Consolidated
Cobalt Central
Chi. Subway
Alaska M. Sec
Arizpe
Boston
Col
Buffalo Mines
Butte Coalition
Butte & NY
Caliz. G M
Cybant
Con
Ely M
Dabores M. Co
Dominion
Kerr Lake
King
Miami
Nev. Con
Nevada
F .Inev
Nip. Mines Co
Butte
M.&m
Silver Queen
Stewart Eereee
Superior & P
Trinity Copper
United Rice
Utah Apex
Yukon Gold M
Philippine “Ry
Waseee
Adams Express
Riting
Tel
Bay Gess
Butte Coalition Cewee Ot
Tte
New York
Peer Foundry
Eee
Cumberland-Ely Min
Dolores Mines
Dominion O
Manhattan
Aac Co. Pe
Gt America
McKinley-Darragh
Ney
Utah
Nipissing Mines Co
Yukon
Wheat and Corn Markets Slide on Reports and Weather News
A violent late session drop in wheat followed by a rally after a Missouri State report shows bullish indicators for acreage and condition. Cash prices range for No 2 red at $2.09 to $1.10s, with No 1 Northern Duluth at $1.19½ and No 2 hard Winter around $1.16. December corn weak, later months steadier with Liverpool lower. No 2 corn in New York at 6Stsc to 69c, free on board arrival and for old and new.
MENTIONED IN THIS ARTICLE
Missouri
India
Hungary
Budapest
Liverpool
New York
Duluth
Securities at Auction Disposes Major Bond List at Exchange
Securities valued at extensive auction at the Exchange Salesroom Adrian H Muller & Son auctioneers included rail and utility bonds such as Cincinnati Hamilton & Dayton 4% notes Muskogee Gas and Electric first mortgage bonds and Cripple Creek Central Railway securities along with stocks in Detroit Mackinac Stamford Water St Paul City Railway and other banks and corporations. Prices range from 22% to 106% with many preferred and common shares and bonds due 1910 to 1997.
MENTIONED IN THIS ARTICLE
Vesey Street
Adrian H. Muller & Son
Cincinnati, Hamilton & Dayton Railway Company
Muskogee Gas and Electric Company
Cripple Creek Central Railway Company
United Traction & Electric Company
Providence & Pawtucket Street Railway
Wabash Railroad Company
Omaha
Eagle Fire Company
Hquidance
Central Park, North & East River Railroad Company
Second Avenue Railroad Company
Colorado Fuel and Iron Company
Merchan National Bank
Bank of Manhattan Company
Hudson Trust Company
Pittsburg, Shawmut & Northern Railroad
American Fibre Association
Perth Amboy Fire Brick Company
Shelton Trap Rock Company
United States Pliable Plate Ice Company
Equitable Trust Company
South & North Alabama Railroad
Texas & New Orleans Railroad Consolidated
Scandianing Syndicate
Simplex Gine Company
Colorado Fuel and Iron Company Cae Aif Chalice Company
Coms
S' Merspany
Union Ferry Company
Chicago Union Traction Company
Broadway Trust Company
Union Typewriter Company Common
San Antonio & Aransas Paes
Union Trust Company of New Jersey
Mercantile National Bank
Citizens’ Central National Bank
Fourteenth Street Bank
Central Pacific Railroad
Hecker-Jones-Jewell Company
Garfield National Bank
New York Produce Exchange Bank
Chase National Bank
Sixth Avenue Railroad Company
Virginian Railway Company
Illinois Central Railroad
Chicago, Burlington & Quincy Railroad
Morris & Essex Railroad
St. Louis Southern Railroad
Lake, Shore
National Bank
Federal Safe Deposit Company
City Investing Company
Corporation of the Chamber of Compare of the State of New York Building Fund
Western Union Increases Dividend To 3 Percent
Western Union Telegraph Company declares a quarterly dividend of three quarters of 1 percent payable January 15 to holders of record December 19. The move lifts the annual rate to 3 percent from 5 percent prior to last July, with December quarter net revenues around $2,000,000 and six month net earnings about $3.86 million.
MENTIONED IN THIS ARTICLE
United States Realty and Improvement Company
Western Union Telegraph Company
Pee Lg
Clowry
National Banks in New York City Report Nov 27 19XX
The full statement of the condition of forty nine National Banks in New York City, reported to the Controller of the Currency on November 27, compares with the earlier call on September 23. The resources are detailed and show changes since the prior period.
MENTIONED IN THIS ARTICLE
New York City
Court to Draft Tobacco Suit Decree
Closing transactions on the Pittsburg Exchange report the government draft decree in the Tobacco Trust suit. Defense counsel was directed to draft a decree conforming to the judgment, while forms from several interests were reviewed. The court will prepare a final decree to end the controversy.
MENTIONED IN THIS ARTICLE
The
Tobacco Trust
United States Circuit Court
Directors Re elected at United Fruit and Nipe Bay Meetings
Retiring directors of United Fruit Company and Nipe Bay Company were re elected at their annual meetings. Other business includes bond circulars by A B Leach & Co, staff changes at First National Bank of Chicago, and new board members at Virginia Carolina Chemical and Southern Cotton Oil. The NYSE reported installment receipts interest on AT and T bonds.
MENTIONED IN THIS ARTICLE
United Fruit Company
Nipe Bay Company
A. B. Leach & Co
Dudley A. Tyng
Dudley T. Tyng & Co
Chicago
Mr. Tyng
Broadway
Archie M. Andrews
Fred I. Kent
Foreign Exchange
First National Bank of Chicago
Bankers’ Trust Company
Jersey City
Harry Bronner
Virginia-Carolina Chemical Company
Southern Cotton Oil Company
H. H. Wehrhane
Hallgarten & Co
American Cotton Oil Company Board
New York Stock Exchange
American Telephone and Telegraph
United States Steel Corporation
Curtis, Freeman & Co
John W. McKinnon
Is Realization Company
Beae
North
America
Ees
Zimmermann and Forshay Win in Railways Bonds Case
The Albany Court of Appeals sustains Zimmermann and Forshay in actions arising from the purchase of United Railways of San Francisco bonds. Suits target E. Randolph, C. I. Hudson & Co., Timmerman Dahlgren & Co., and other Exchange houses holding contracts for the bond purchases. A June 1902 bond delivery call triggered defense that the contract matures only when the entire issue is marketed.
MENTIONED IN THIS ARTICLE
Court of Appeals At
Albany
Zimmermann & Forshay
United Railways of San Francisco
E. & C. Randolph
C. I. Hudson & Co
Timmerman, Dahlgren & Co
Stock Exchange
Cotton Crop Estimate Triggers Market Rally in 1908 09
The Crop-Reporting Board estimates U S cotton production at 6 18297 million pounds for 1908 09, about 12 92 million bales. The report, read at the Cotton Exchange, spurred buying and short covering as prices jumped from early declines to gains with December near 9 12 and March 8 85.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Crop-Reporting Board
Bureau of Statistics
Department of Agriculture
Bureau
United States
Ginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Temnesseo
Oklahoma
Cotton Exchange
Agricultural Department
Cotton Market Sees Sharp Rise After Crop Estimate
The cotton market moved higher after the government crop estimate release, with an initial drop and a midmorning slide before a rally driven by short covering and Southern buying. December futures traded around 9.12 high and 8.92 low, with spot values steady in the 9.25 to 9.50 range and several Southern markets reporting varied gains and decreases.
MENTIONED IN THIS ARTICLE
Cecces
Gulf
Savannah
Galveston
Undian
New Orleans
Memphis
Houston
Forecast for Thursday and Friday in cotton and grain states
United States Weather Bureau forecast for Thursday and Friday covers the cotton and grain states. Regions such as North and South Carolina show fair conditions then increasing cloudiness with rising temperatures. Elsewhere expect varying mixes of showers, snow flurries, and cooling trends with light to strong southeasterly winds.
MENTIONED IN THIS ARTICLE
New York Times
United Staes Weather Bureau
North
South Carolina
Georgia
Alabama
Mississippi
Louisiana
Oklahoma
Kansas
Nebraska
Arkansas
Kentucky
Ohio
Indiana
Illinois
Lower
Michigan
Upper Michigan
Wisconsin
Minnesota
Lake Superior
Iowa
Missouri
North Dakota
South Dakota
Coffee market report shows steady trade and soft prices
The market was quiet but steady with no change in closing at five points higher. Trade reported 8,500 bags sold. Holidays interrupted shipments from Brazil. Euro markets opened with a modest rise while spot Rio No. 7 traded about 6 percent to 4 centavos.
MENTIONED IN THIS ARTICLE
Brazil
Rio No. 7
Iron and steel output climbs in November
Iron Age compilations show pig iron production in November at 1,577,834 gross tons the highest since last winter’s recession. Daily output reached 52,595 tons, with December expected to follow the same 4 percent monthly rise as October.
MENTIONED IN THIS ARTICLE
Birmingham
Pennsylvania
Chicago
The
Iron Trade Review
Pennsylvania Railroad
American Car and Foundry Company
Harriman Lines
American Steel and Wire Company
Auction of Railroad Stocks and Utility Bonds In Vesey Street
The weekly Vesey Street sale offered Cripple Creek Central Railway Company stock and Cincinnati Hamilton Dayton Railroad notes along with Muskogee Gas and Electric bonds. Sold under United States Court order for Kessler & Co foreclosures, Cripple Creek common stock reached 30 to 33 in 65,123 shares while preferred traded 51 to 55 for 5,70: shares. Cincinnati Hamilton Dayton 4% notes sold at 52 for 50,000 value and Muskogee Gas and Electric mortgage bonds at 85. Much Cripple Creek stock bid in by creditors.
MENTIONED IN THIS ARTICLE
Vesey Street
Cripple Creek Central Railway Company
Cincinnati, Hamilton & Dayton Railroad Company
Musket Gas and Electric Company
United States
Kessler & Co
Cripple Creek Road
Cincinnati, Hamilton & Dayton
Muskogee Gas and Electric Company
Cripple Creek
Metropolitan Foreclosure Hearing Continued Before Judge Lacombe
The foreclosure suit by Guaranty Trust Company against Metropolitan Street Railway Company over $600000 in interest and $12500000 in bonds was continued yesterday before Judge Lacombe. Receivers Oren Root and Henry W Brown testified on property condition. C J Armstrong Metropolitan electrical engineer said the hearing would resume today.
MENTIONED IN THIS ARTICLE
Metropolitan
Guaranty Trust Company
Metropolitan Street Railway Company
Lacombe
United States
Oren Root
Henry W. Brown
C. J. Armstrong
Hesta
Olive Oil Import Tax Downed by Appraisers Board
Subboard No 1 of the United States General Appraisers ruled against importers seeking duty free entry for olive oil fit only for manufacturing. The decision affects over 2000 barrels and about 50000 dollars in duties, with broader cases pending and higher potential valuations. Attorneys for importers defended the oil while government chemists testified on edibility and intended use.
MENTIONED IN THIS ARTICLE
Subboard No. 1
United States General Appraisers
Swan, Finch & Co
Standard Oil Company
A. Klipstein &Co
Board of Appraisers
Everit Brown
Brown & Gerry
Harvey W. Wiley
Bureau of Chemistry
R. R. Doolittle
Department of Agriculture
J. J. Kleine
McClelland
Mexican Central Railway reports gains and merger outlook
The annual Mexican Central Railway report shows gross earnings of 17 755 290 with net income of 5 753 711 for year to June 30. It notes merger with National Railroad of Mexico expected to yield economies, but freight rates face pressure from a decreasing rate scale and higher movement costs. Labor traffic to the United States via El Paso nearly stopped, costing about 30 000 monthly, and third class passenger service was discontinued.
MENTIONED IN THIS ARTICLE
Mexican Central Railway
United States
Mexican Central
National Railroad of Mexico
el Paso
Stock Exchange to Close for Triple Christmas Holiday
The Stock Exchange will close for a triple holiday at Christmas this year. The Board of Governors voted at its meeting yesterday to shut the Exchange on Saturday Dec 26, with one two hour session, allowing brokers and their employers to stay away from the Street from Thursday night until Monday morning.
MENTIONED IN THIS ARTICLE
Triple Stock Exchange
The
Stock Exchange
Board of Governors
City Court assigns 1909 terms and justices in New York
The City Court of New York issues the annual schedule for Special Equity and Trial Terms for 1909. Names of Justices including Donnelly Finelite Schmuck Lynch McAvoy Green Delehanty and O Dwyer appear, with monthly assignments and special term dates listed from January through December. The document confirms the Brownstone Building address and the court opens daily.
MENTIONED IN THIS ARTICLE
City Court OF the
City OF New York
Donnelly
Finelite
Schmuck
Lynch
McAvoy
Green
Delehanty
O’dwyer
Conlan
Justice la Ferra
Justice Schmuck
O’de
Justice Donnelly
Justice Finelite
Justica la Fetra
Justice Green
Justice Lynch
Justice la Fetra
Justice McAvoy
Justice Conlan
Adustice Delehanty
Justice Delehanty
Conlan Mayee
O'Dwy
Eeser Eneeracs
Eesseee
RPE Risin Ta Sesanae
Hs EU Gas
Ries
Aebatala
Justice
Lynch -Eeee
Edustice la Fetra
O’ Dwyer
la’ Fetra
Delehanty Ir
Delehanty Ls Aatalerehcoes
Schmuck Keene
Conlan Fucken
Schmuck Rere
Cipvareteed
la Fetra Lccharonaeen
Delehanty Sk Bao
Justice A Esveceee
Ernie Cea
Ohsielbtaieante
Green Emelors
Yajenetere
Green Esse
Justice Donnelly le Justice
la Fetra
Dba
Weslatere Karti
O'Dwyer
O’dwyen
Joseph I. Green
John V. McAvoy
Thomas F. Donnelly
Peter Eeeata
Alexander Finelits
Thomas F. Smith
New
Brownstone
Sante
Dividends Declared by Multiple Rail and Trust Firms
A sweep of notices shows dividends declared by Union Pacific Southern Pacific Guggenheim Exploration The Western Union Telegraph Company Rubber Goods Maryland Coal Company American Snuff Company J P and J Piano and PIANO and J P lines and related trusts. Dividends range from 0.75 to 5 percent with payment dates in January 1909 and December 1908, shareholders of record varied by company, with transfer books closing on specified dates.
MENTIONED IN THIS ARTICLE
Broadway
New York
N. Y
Frederic Y. S. Crosby
Mergen Thaler
Linotype Com
Fred’k J. Warburton
Southern Pacific CO
Southern Pacific Company
A. K. van Deventer
Trea
New Yo E
Guggenheim Exploration Comp
Guggenheim Exploration Company
Chas. K. Lipman
Western Union Telegraph Company
Jannext
M. T. Wilbur
John J. Watson,jr
Maryland Coal Company
Board of Diectors
H. B. Nedham
Fifth Ave
American Snuff Company
B. D
Christian, Secy, & Treas
AEO’ Piano
J . - Pianola Company
WM. E. Wheelock
United Traction and Electrio Company
Jersey City
N. J
Sweetland
Guaranty Trust CO
Compa
E. C. Hebbard
Also Mentioned on This Page
Outside Securities
Ricago
Industrials
Otis
Standard Oil
Grain and Provisions
BONDS
Ns R. Eee Aee
Peteesae
Ann Arbor
Cincinnati
Exas
Pacific
Detroit
Toledo
Treasury
Western Union
Corporation
Reports OF National Banks
Noort
U. 5
U.S
U. S
UOW
Baltimore
Baltimore Trust
Seaboard
Seaboard 4S
Mercantile Trust
Cc. L
Baltimore Bee
Con. G
el. le P
Cotton Duck
City Ss
Colo. & So. Res
S. Sorin So
Penin
Georgia & Ala
G. B. Brewing Seceseries
Maryland
I Seaboard
Ben, & Roanoke
Reeas Ae
Panne
United By
Fdg
Va. Ry. & Devel
West Va
Wece
Farm, & Merch. Bank
F. & Acto Sensee
G. B
Breeeee
Merch. & M. Trans
Mechanics’ Bank
Northern Central
Seaboard Co
Union Bank
Western Marylandee
Pittsburg
Ceee
Crucible Steel
Crucible Steel Pf
Harb.-Walker
Soi
Brewing Pf
Light & Heat
Aneeees
Pittsburg Brewing
Tsburg Brewing
Pittsburg Coal
Financial Notes
Court of Appeals
Sears
Shorts
Chicago Stock Market
Edison
Chicago Railways
Booth
Anne Booth & Co
Chicago Subway
Kansas City Light Seane
Kansas City Light
Met
National Biscuit
People’s SS Sicensess
Sears-Roebuck
Wift Bs
Cenca Ok One
United Box
United Boxboard
Gripple Creek Road
Swiall
Sear
Leee
Eseeneesneeseeee
Aaa
Ceese
Tongs
Cecesers Jung
APT
Union Pacific Railroad Company
National Bank OF Commerce
Nassau Street
Borough of Manhattan
Neilson Olcott
the Bank OF New York
National Benuue
Wall St
Wall Street
Chas
Olney
T. Coal & Iron National Bank
A. H. Day
National Copper Bank of New York
Walter F. Albertsen
Merchants National Bank of the
Joseph Byrne
Hanover National Bank
Nassau and
Pine Streets
Elmerer
Whittake
M. Annd Kitchit
M. A. Kitching
Southe Pacific Company
Florence E. Kughne