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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Dec 11, 1908

Page

13

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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