Traders weigh risks as market shows mixed close
Brokers report short covering but many professionals remain cautious as traders assess potential risks and possible gains. Traction stocks draw ongoing rumors while steel issues show mixed strength and potential for higher earnings, with window dressing cited as a possible near term price lift.
Guggenheim comments on smelters and copper moves
Daniel Guggenheim, president of American Smelting and Refining, discusses the Ryan‑Cole copper smelting venture and market speculation. He notes no new policy change, defends ASRC, and explains current lead and copper ore control and earnings versus dividends.
MENTIONED IN THIS ARTICLE
Amalgamated Copper
Utah Copper Companies
John D. Ryan
Amalgamated Company
Wall Street
American Smelting and Refining Company Securities
Daniel Guggenheim
American Smelting Company
Havemeyers
Arbuckles
American Smelting and Refining Company
Ryan-Cole
United States
American Smelters Securities Company
Copper Commission
Republic of Mexico
Securities Company
Treasury Funds and Gold Reserves Listed
Treasury condition at start of business shows Gold coin and bullion at 150,000,000 and Trust Funds to redeem outstanding certificates at 855,908,869. Silver dollars amount to 489,969,000 with additional 4,611,000 noted for 1890 silver dollars. Current liabilities appear under Philippine Treasury reimbursement.
Colorado Mining Stocks Closing Quotations Recorded
Special to The New York Times from Colorado Springs reports closing quotations on the local exchange. Listings include Gini toy bortland, Rise 8 percent, Cost Work at 7M, Isabelle 245 percent, and several fractional quotes.
MENTIONED IN THIS ARTICLE
New York Times, CO
Orado Springs
Col
Gini Toy Bortland
Isabelle
Bradstreet reports weekly failures across regions in 1907
The report shows 311 failures in the United States during the week, with 298 for ic cneccnena and various counts for WisTrecondine weeks of 1907. Western and New England records, plus South, Northwestern, Far and Territories, and Canada totals are listed, with about 87 statements of failed payments noted.
Delaware & Hudson to test bond issue ruling in court
The Delaware and Hudson Company announced it will seek judicial review of the Up-State Public Service Commission decision denying most of its $20 million bond issue for United Traction of Albany stock and adjacent anthracite lands. The commission had approved about $13 million, vetoed $7.165 million, and reserved the rest.
MENTIONED IN THIS ARTICLE
Delaware & Hudson Company
Public Service Commission
United Traction of Albany
Delaware & Hudson Com
Marston 25 Years A Banker At Farm ers Loan Trust
Edwin S. Marston president of the Farmers Loan and Trust Company marks a 25 year association with the institution. He began as Assistant Secretary, rose through posts to president about a decade ago and helped with 1907 panic relief as a member of the Trust Company Committee of Five. Union Switch and Signal Declares 3 Percent Dividend
MENTIONED IN THIS ARTICLE
Edwin S. Marston
Farmers’ Loan and Trust Company
Mon
Trust Company
Mr. Marston
Trust Company Committee of Five
John W Gates Returns to New York from Port Arthur
John W. Gates has left Port Arthur Texas after weeks there and returned to New York. The Board of the New York Producers has decided to close the Exchange on Dea.
MENTIONED IN THIS ARTICLE
John W. Gates
Port Arthur
Texas
New York
Dea
European Markets Mixed as Holidays Loom in London and Paris
London reports moderate money supply with firmer discounts on weaker Paris checks. American securities opened flat amid Taft policy fears, later recovered but finished uncertain as professionals steadied the market. Bar silver quiet at 224d. Paris closes firm with 3 percent rente at 96 671/4. Berlin shows a weaker trend with lower American securities.
MENTIONED IN THIS ARTICLE
London
Paris
Stock Exchange
Well Street
Taft
New York
Wheat and Corn Markets Tread Lightly Amid Holiday Trading
Early losses for wheat narrowed with late buying. export demand modest and weekly clearances high. Liverpool eased 4% on favorable harvest news from Australia and Germany. Nebraska state yield reported at 43,842,000 bushels. world shipments forecast 7,645,000 bushels vs 7,712,000 prior week. No. 2 red cash wheat around 1.06 to 1.08. No. 1 Northern Duluth 1.17. Corn shows weakness. light export clearances. No. 2 New York 65c to 65+4c and oats 654c FOB.
MENTIONED IN THIS ARTICLE
Liverpool
Australia
Germany
Nebraska
New York
Duluth
Westinghouse Airbrake Declares Quarterly Dividend
The Westinghouse Airbrake Company board of directors met in Pittsburg and declared the regular quarterly dividend for stockholders. Details on the exact amount and payment date were recorded for distribution to shareholders.
MENTIONED IN THIS ARTICLE
Westinghouse Airbrake
Pittsburg
Westinghouse Airbrake Company
Sacord
Hudson Realty .Company
Broadway
N. Y
Samuel E. Jacobs
Wabash Rate Plan Pauses Pending Conference
An $8 passenger rate between Chicago and Pittsburgh is held in abeyance as railroad officials say lines tracing Chicago to Pittsburgh will not change fares until a conference of the routes is held. An executive with the New York Central notes the understanding among Chicago Pittsburgh lines and doubts any such pact with other railroads.
MENTIONED IN THIS ARTICLE
Wabash Railroad
Chicago
Pittsburg
New York Central
Wabash
Chicago-Pittsburg
Pennsylvania
Vanderbilt Ines
Baltimore & Ohio
Cotton Market Shows Steady Close on Covered Sales
Cotton closed steady with a net advance as coverage ahead of the census report and steady interior markets influenced prices. Weekly New York Exchange crops show port receipts 5,680,830 bales and overland to mills and Canada 581,741 bales, with season totals and daily spot market updates from Mobile to Houston.
MENTIONED IN THIS ARTICLE
New York Cotton Exchange Folllow
Canada
Anton
Soc Ccecases
Osae
Aes
Gulf
Mobile
Savannah
Norfolk
Augusta
New Orleans
Memphis
Houston
Weather forecast for cotton and grain states weekend
The Weather Bureau forecast for Saturday and Sunday calls for fair to partly cloudy conditions across the cotton and grain states. Temperatures will be colder in many areas with northwest winds, snow flurries possible in parts of Michigan and cooler trends in the Upper Midwest.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Weather Bureau
North
South Carolina
Georgia
Alabama
Florida
Mississippi
Louisiana
Utah
Oklahoma
Kansas
Indiana
Illinois
Michigan
Upper Michigan
Lake Superior
Minnesota
Iowa
Missouri
North Dakota
South Dakota
Conditions of Trade in Dun's Review Today
Dun's Review reports active holiday trade with notable gains over last year. Wholesale and jobbing firms show steady activity. some lines busy on quick shipments while many wait for January demand. Forward spring contracts look encouraging. idle machinery remains in leading industries. Mercantile collections are prompt and trade shows gradual improvement. Cotton goods markets are quiet though mills stay busier. buyers defer contracts unless deliveries are needed.
MENTIONED IN THIS ARTICLE
Dun’s Review
Stockholders face cash call as Metropolitan Surety declines
The Metropolitan Surety Company orders stockholders to pay $149,910.11 by January 4, 1909 to cover an impairment of capital found by the New York Superintendent of Insurance. Each share requires $59.90 to be paid at the New York office, with potential stock reissue if payments fail. A special meeting is set for January 2, 1909 to authorize action and address impairment.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
United Philadelphia
Electric
Philadelphia Company
Lehigh Valley
Sup
W’ Oh
Amalgamated Copper
American Smelting
Bell Telephone
Cambria Steel
Electric Co
General
Ins
General Asphalt of
North Am
Lake Sup. Corp
Arsden Co
New York Central
Northern Central
Pennsylvania
Philadelphia Co
Philadelphia Electric
Philadelphia R. T
Philadelphia Traction
Railways Co
Tonopah Belmont
Tonopah Mining
Oh -13Th & & 15Th Pass
Union Traction
United Gas, I Co
United States Teel
United States Steel Pial
Warwick Steeleeeeses
Ee -Wabash Eevee
Cae
Kansas City Southern By. Co
Broad St
New York
R. B. Sperry
American Locomotive: Company
Church ‘Street
Callaway
National Surety Company
David W. Armstrong, JR
Buffalo, Rochester &Pittsburgh Railway Company
Allegheny & Western Railway Company
Ernest Iselin
Eee
Liberty National Bank OF New York
Charles W. Riecks
Metropolitan Surety Com
Park Row
Otto Kelsey
State of New York
Metropolitan Surety Company
City of
Superintendent of Insurance
M. Joseph McCloskey
M. J. Mulkenan
Borough of Manhattan
City of New York
N. Y
Joseph McCloskdy
Mr. Mulkenan
National Bank OF Commerce
Nassau Street
New York City
Neilson Olcott
Chatham National Bank
Broadway
Banking House
William H. Strawn
Douglas Phonograph Company
Mexican National Packing CO
Mexican National Packing Company
Empire Trust Company
Messrs. Slaughter & May
Winchester House
Old Broad Street
London
England
Solicitors of
T. K. Scott
Broad Street
Also Mentioned on This Page
Interborough-Metropolitan
Steel Corporation
Cole-Ryan Project
American Smelting Co
the Treasury Balances
Treasury
Colorado
Delaware & Hudson
Service Commission
Marston
Farmers’ Loan & Trust Co
Union Switch & Signal Co
Union Switch and Signal Company
Financial Notes
Ftagg Son Apee Sheart
ARK Ee
Mr. Taft’e
Berlin
Lon- N. Y. N.Y
St. Paul
Gan
Pacific
Itral
Illinois Cen Louis. & Nash
N. Y. Central
South, Sic
U Ss. Steel
Saxony
Hamburg
City of Berlin
Cologne
Munich
Augsburg
Frankfurt-on-Main
Vienna
D. Speranza
Camp Bird
Temboy
Stratton’ 'S
Ind
Grain and Provisions
San Francisco
Tucky
Belche Best & Belcher
Overman
Tonopah
Front Bend
Belmont
Seeaeesee
Jumbo
Fim
Butler
Sendall
McNamara
Lone Star
Mohawk
Mortana
Ceeees
Red Top
North Star
Red
Hills
West End
St. Ives
Seene Adams
Atlanta
Esses Bullfrog Mining
Bullfrog Nat
Bank
Diswondfield Damatts
Tae Goldfield
Bank of New York National Banking Association
Chas. Olney
William B. ' Es
Lexington Ave
FTER
A. R. Ebert
North River Savings Bank
34Th St. Bet
Bank Eyee
Samuel D
Frederick N. Che
Charles F. Turten
Walker
Frederick W. Jackson
S * Se
Empire City Savings Bank
West 125Th Street
I. A. Hopper
A. T. Timpson
New York State
National City Bank
N. W. Harris & CO
Bankers Pine Street
William New York
New York Stock Exchange
P. O. Box
Union Electric Light and Power Company
Standard Trust Company
Mississippi Valley Trust Company
St. Louis
Union Ee Ee and Power NY
C. W. Wetmore
de Ruyter Hollins Railway Equipment
Securities Washington Life Building
Tel
Broadwa
Boston
Times Square
Electric Storage Battery Company
Allegheny Avenue
19Th Street
Phila
Walter G. Henderson
Tri-City Railway and Light Meee Compan
Tri-City Railway and Light Company
T. F. Wickham
Columbia Bank
Fifth Avenue
Forty-second Street
Griffith
United Gas Inrovement Company
N. W. Corner Broad and
Arch Streets
Lewis Lillie
American Coal Products Company
Bank OF America
Board of
W. M. Bennet
Thompson-Starrett Company
D. Babbitt
Irving National Exchange Bank
West Broadway
Benjamin
F. Werner
Hanover National Bank
Nassau and
Pine Streets
Merchants
National Bank
Joseph Byrne
New York Life Insurance and Trust Company
Lincoln Cromwell
York
OW Ore Cruel Corning
Adrian H. Mulley & Son
Ee York Real Estate
City of York
United States & Trust Company
Detroit, Toledo & Ironton Rail Company
United States Mortgage & Company
Ann Arbor Railroad Company
Ann Arbor Railroad Ous
Fortange
Ann Arbor Company
Toledo & Ironton Railway
Ee Mortgage & Trust Company, Trustes
John W. Platten
Ates
Mortgage & Trust
John Wea
Morristown Trust Company
Morristown,n. J
Samuel Freeman
James A. Webb
Frederic Cromwell
J. W. Castles
Pres. Guaranty Trust Co
W. G. Oakman
Hudson Tunnel Companies
Andrew J. McCormack
Adrian H. Muller & Son
William ST
Exchange
Vesey Street
New York & East River Gas Co
Ee Union Gas Co
Brooklyn Union Gas
P. c
Brooklyn Union Gas Co
Rochester Button Co
Jacob Maisel
Ay Maisel
Max L. Rehman
Regina Rehman
Mutual Alance Trust Co
Hyman Slovak
Esther
Delancey Health Co
Atlantic and
Hopkins Avs
Central of Georgia
R. R. 2d Inc
Kansas City & Northwestern R
Kansas City Excelsior Springs
Rheern R. BR
Queens Outane & Western
C. Eds
Lake Erie & & Western Run Con
Bank of
New York Life Ins. & Trust
Pearl Square
Cedar Hill Mining & M
Mount Hope Cemetery
Fe Victor Fuel Co
Denver
P. c Ca
A. & M. Robbins Co
First National Bank of
N. Xe
German Exchange Bank
Newport. Trust Co
Standard Milling Co A. Itange
Chicago, Ind
Louisville
Chicago & Southern Away
R. Istie
Jan'y
Dolores-Montezuma
Mining Co
Batopolis
Mex
Ashley Engineering Co
Hawthorne
United State Leaveright Ig
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