Market Notes Show Mixed Optimism In Traction Stocks
The article details cautious optimism amid a potential old fashioned bull market. It notes improving traction securities reaching new highs, trader skepticism on some moves, and insider chatter without corroboration. Bond traders remain optimistic about high grade issues while speculation on futures legislation resurfaces in Washington and state lawmaking draws interest.
MENTIONED IN THIS ARTICLE
Paia
Interborough
Financial
Jersey Central
Delawware & Siudson
Washington
Congress
Phelps Dodge Mines Plan 350 Million Merger
Phelps Dodge & Co plans to consolidate Southwest and Mexican mining interests into Phelps Dodge & Co Incorporated. The new company would be capitalized at 30 million dollars, acquire Copper Queen Montezuma Detroit and Stag Canyon Fuel, include the metal selling business, and list on a major exchange. Subscriptions become binding with 75 percent approval.
MENTIONED IN THIS ARTICLE
Southwest
United States
Mexico
Phelps, Dodge & Co
Phelps, Dodge & Co., Incorporated
Copper Queen Consolidated Mining Company
Montezuma Copper Company
Detroit Copper Mining Company
Stag Fuel Company
Copper Queen Consolidated Mining
Ontezuma Copper Company
Detroit Copper Company
Stag Canyon Fuel Company
New York
Boston Stock Exchange
Phelps, Dodge& Co
Cleveland H. Dodge
Arthur Curtiss James
James McLean
William Church. Osborn
E. Hayward Perry
Wiliam D. van Vieck
Cornelius R. Agnew
Walter P. Bliss
George Notman
Phelps, Dodge &Co
Copper Queen Company
Montezuma Company
Detroit
Dawson
New Mexico
Ten Thouand
Phelpé, Dodge & Co
Arizona
England
California
Copper Queen
William Earl Dodge
D. Willis James
Cleveland Hoadley Dodge
Arthur C. James
Stock Exchange
Baltimore & Ohio Directors Face Voting Tangle
Fragmentary notes show Baltimore and Ohio directors wrestling with a voting issue tied to Brothers and Company. The scrambled text hints at internal stakes and potential ailing leadership decisions.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio
Fight Over Greene Copper Seeks Company Details
The minority stockholders of Greene Consolidated Copper, now under Greene-Cananea, vow legal action to obtain full disclosure of assets and cash. They demand explanations on the Sierre Madre Land and Lumber sale for notes, merger timing, majority control, and discrepancies in the last annual report. They seek 60 thousand shares additional support at 30 cents per share.
MENTIONED IN THIS ARTICLE
Greene Consolidated Copper Company
Greene-Cananea Copper Company
L. H. Newkirk
Wall Street
Sierre Madre Land and Lumber Company
Col. Greene
Che
Boston News Bureau
Greene-Cananea Company
C H D Noteholders Meet Over Reorganization Plans
The Cincinnati, Hamilton and Dayton Noteholders Committee held another meeting to advance an early reorganization of the road. With Judson Harmon leaving receivership to become Ohio governor, preparations for readjustment proceed. Morgan interests reportedly seek a redistribution of CHD lines to bolster asset value.
MENTIONED IN THIS ARTICLE
Cincinnati, Hamilton & Dayton Noteholders’ Committee
Judson Harmon
Ohio
Arena
Yeste
Morgan
Erie Railroad
Cincinnati, Hamilton & Dayton
Coffee market shows steadier closing despite quiet activity
The market opened unchanged to 5 points higher and rose through the day on moderate demand with limited coffee for sale. Spot Rio No 7 bids 6 3/4 cents, Santos 4s fell 25 reis, and arrivals reached 52,000 bags versus 30,000 last year.
MENTIONED IN THIS ARTICLE
New York
Hamburg
Rio No. 7
Chesapeake & Ohio Bond Plan Aims At 4 Percent
Wall Street reports Chesapeake and Ohio intends to refinance short term obligations into farm equipment trust bonds near 25 million dollars. The issue would carry about 4 percent interest. Recasting debt could allow higher dividend distributions as earnings improve.
MENTIONED IN THIS ARTICLE
Chesapeake & Ohio
Wall Street
Local trading focuses on Lehigh Valley shares in Philadelphia
Special to The New York Times reports that nearly half of today’s local trading centered on Lehigh Valley with over 9 600 shares exchanging hands. Last sales stood at 71 percent, marking a small daily gain while traction stocks remained mostly neglected and Rapid Transit saw no trades. The close ended quiet.
MENTIONED IN THIS ARTICLE
New York Times
Pittsburg
Cen, Ag Oe
Crucible S
Crucible Steel
Ind Teenies
Union
Ease
West
Elestric
Id. & M. Trac
Saeeeee Cvesece
Philadelphia
Lehigh Valley
Investment securities active in Baltimore trading
The December 10 report notes continued demand for investment securities in Baltimore. Consolidated Gas Electric Light and Power 4 percent and Mount Vernon Woodberry Cotton Duck 5s led activity. United Railways incomes were strong with 887 shares traded and bonds totaling $204000.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
Consolidated Gas
Electric Light and Power
Mount Vernon Woodberry
United Railways
Trolley Earnings Reported in 1908 Connecticut Figures
Hartford report shows New York, New Haven & Hartford trolley earnings in Connecticut for year ending June 30, 1908 totaling 6,548,492 with operating expenses 4,324,268 and net income 2,224,224.
MENTIONED IN THIS ARTICLE
Hartford
Connecticut Company
New York, New Haven & Hartford Railroad
Saris
Bondholders urged to deposit Five Percent bonds for Cincinnati lines
A committee formed to protect holders of the Five Per Cent First Mortgage Gold Bonds of the Cincinnati Dayton & Ironton and successor Cincinnati Hamilton & Dayton urges bond deposits with Equitable Trust Company of New York by December 21 1908. Deposited bonds should include May 1 1909 coupons or later and will be issued as assignable certificates of deposit with NYSE listing sought. Copies of the Deposit Agreement available from the depositary or committee secretary.
MENTIONED IN THIS ARTICLE
Cincinnati, Dayton & Ironton Railroad Company
Cincinnati, Hamilton & Dayton Railway Company
Equitable Trust Company OF New York
New York Stock Exchange
Adrian H. Bull & Son
York
Borough of
Manhattan
Citys York
United States & Trust Company
Detroit, Toledo & Irontone Company
United States Mortgage Company
Ann Arbor Railroad Company
Arbor Ty Ene Ae Sais
Ann Arbur Raliey Company
United States Mortgage & Trust Company
John Ww
John W. Platten
Utah Copper Company Declares Dividend No 2
The Utah Copper Company executive committee declares the second quarterly dividend of 50 cents per share at 5 percent per quarter on par value, payable December 1908 to stockholders of record December 18 1908. Bondholders must present bonds for conversion by December 18 1908. Books for Railroad Securities Illinois Central Stock certificates close December 12 1909 with January 1 1909 payment.
MENTIONED IN THIS ARTICLE
Utah Copper Company
Broadway
New York
Second United Cities Realty Corporation
Heber Smith
Chicago
Indianapolis and Louisville Railway CO
Messrs. J. P. Morgan & Co
Wall Street
N. Y
J. A. Hilton
NEW Yor York Central and
Ge Ata River Railroad Company
NEW York and Harlem Railroad Company
New York Central and Hudson River Railroad Company
Edward L. Rossiter
Exchange Bank
David Nevius
Lawyers Title Insurance and Trust Company
Archibald Forbes
Union Bag & Paper Company
Battery Place
W. L. Sparks
Railroad Securities Company
Illinois Central Stock
Tegethoff
Wisconsin Central Railway Company
W. A. Chadbourne
Also Mentioned on This Page
Union Pacific
Southern Pacific
Healthy Bond Market
Phelps-Dodge Mines
Phelps,Dodge & Co., Incorporated
Pittsburg Transactions
Financial Notes
Cedar Street
New York State
Manhattan Railway Company Consolidated
First
Moffat & White
Nassau Street
New York City
City of New York
London
City of
State of New York
Sullivan & Cromwell
Sutro Bros. & CO
Pine Street
Greene Copper
Consolidated Exchange
Allis-Chalm
T &S F
Brook. R. T
Ches
St. P
Col
Fuel & I
South Scene Sa
del. & Hudson
den & R. G
Gt. North
Stewee
Louis
Nash
Tee
An. Oars Central
Nortiy Pac
Pac
Penn
Reading
Rep. Steel
Rep. Steel Pf
Rock Island
Rock Isl
Sis
South. Pac
South
Pan
Tenn
Texas Pac
Union Pac
U.S . Steel Oy
Wabash Pf
Ani. Wis. Cen
Batopilas Ae
Blue Bell
Ck. Con
Comstock
Iamondfield
Elk
Low Wednes
Ereveese
Esccee
Seeeune
NEW C. & C
American Cement
American Can
Bell Telephone
Brook Rapid Tran
Cambria Steel
Ewer
Elec
Coose I
Brorwee Bat
Pennsylvania
Sara Stim
Ins. Co
Lake
Interborough-Met
Lehigh Valley Corp. T
Lay GY ccc Cses
Lehigh Nav.t. c
Northern
Penneylvania
Union Trac
United Gas Impoate
United Rys
U. S. Steel
Ta Pf
Hogatzas Ae Eerssee Steee Tee Oy
Atl Coast L
Dl. C. L
C. G
City & Sub
Charles & W. Joon a.Ge
B. Brew
Fesseee
Seahb
Roanoke
Rys. Inc
United
Etfs
Lim. & Seceee
Coal & Iron
Geo. Cr
Tascees
G. B
Mercantile Trust
Sane
Ee Board
F . Beaboard Co
Union Mie
U. S. Fidelity
Chesapfare and Ohio Railway Company
Old Point Comfort
Richmond
Clifton Forge
Big Sandy River
Potter, Choate & Prentice
Bankers New York
Tel
Hanover Bank Building
Cincinnati, Dayton &Ronton Railroad Company
Equitable Trust Company OF
Alvin W. Krech
D. W. C. Skilton
Franklin Q. Brown
Gustav E. Kissel
F. W. Fullee
Nassau St
Byrne & Cutcheon
United Copper
Nevada
Consol
Cobalt Central
Goldfield
Boston
J. Thomas Reinhardt
19 Exchange Pt
Broad St
Mass
Overlook Curb
Franklin Ae
Ban Department
Beekman St
N.Y
Trust, Insurance Co
Bamberger
American Gar and Foundry CO
Thomas Gibson
Corn Exchange Bank
U.S. Steel
Blanche A. Cow
Br II
Hayden, Stone & Broad St
The
Is & St. L
Chas, K. Lipman
Eee Bank
Commerce
National Bank of Commerce
Borough of Manhattan
Neilson Olcott
Bank OF New York
National Banking Association
Wall St
Chas. Olney
Henry Elias Brewing Co
East 54Th St
Eew York
Arthur E. Duerr
National Park Bank of New York
Banking House
Maurice H. Ewer
Merchants National Bank of the
Bina of New York
Welven
PH. Byrne
Hanover National Bank
Banking
Nassau and
Pine Streets
Elmer E. Whittaker
New York Life Insurance and Trust, Company
Lincoln ‘Cromwell
Equitable Illuminating Light Company of
Philadel
Equitable Illuminat Grs Light Company
PH Delphia
Drawi
Ued J
Rnella Sreedon