Outside Securities Show Mixed Day In Outside Market
The outside securities market was irregular with strength in industrials while mining issues weakened. Standard Oil led gains climbing 9 to 68 7, Chicago Subway rose 2 to 28, Standard Milling hit a year high at 13 . Rawhide Coalition fell 17 to 45, later closing at 34 for a net 8 decline. Cobalt Central slid to 50 before finishing higher, Gold Field Consolidated rose to 15 16, Goldfield Daisy up 2 to 72, and Orphan Copper steadied at its prior low.
MENTIONED IN THIS ARTICLE
Standard Oil
Chicago Subway
Standard Millings
Cobalt Central
Goldfield Consolidated Rose
Goldfield Daisy
Orphan Copper
N. High
Bay State Gas
Houston Oil
Lord & Taylor
Id. & Tay
United Cigar
Chicago
Barnes-King
Boston
Or Butte Coalition
Am & T
Butte & N. Y
Am & T. Co
D. C
K. C
M. Ry
Domin
Western
J.r.&s Pf
Florence
Fitchburg E Ivsshe
Crk Co
Giroux Mini
Mass
Goldfield
Union Paci Ic
West Nd
Ind. Vai
Kerr Lake
King Edward
Cumberland
A. M
Goleta. Waresses
Nipissing M.C
Oe Pf
Ohio Copper
Eeersee
Saveeel
Gen. Electric
N. E
N.E
Trinity Ee
Seattle Elec, Pf
Tayra Dev
Torrington
United Camper
United Fruit
United Rice
United
U. S. of Brazil
Batopilas
Boston Consolidated
Paulo
Boston & Corbin
Brazil
Butte Coalition, Eee
State of Law
Calumet & Arizona
Calumet & Hee
Centennial
Ee Butte
Aes
Daly West
Franklin Oe
Granby
Greene Eee Royale
Enee
Mexico
Miami
Michigan
Seererreesese
Mohawkish Col. Copper
Nevada Consolidated
Butte Coalition Ceeee
Newhouse Eac Sh Butte
York
Eee
North Butte A Central Foundry
Dominion Central Foundry
Aed
Osceola Central Foundry of
Trot Wee
Sean
Quincy
Santa Ow
Shannon
Cumberland-Ely
Sup
Pitts
Seewseeres
Dolores Mines
Cerse Las
Tamarack
Trinity Ye
Paseo Leertenient Seeteseevene
Greene-Cananea Goldfield Daisy
Eeeee
U. Smelting
Giroux Mining
Eeesese
Havana Tobacco Cone
United Copper Ilvana Tobacco Pf
Utah Indian Valley
Utah
Utah Copper Weetee
Victoria Secret
Winona Manhattan ‘Transit
tEx Rights
Wyandotte
Mason Valley
Hs Ou Miemac Mines
Miami Copper
McKinley-Darragh
Copper Nevada
Utsh M. & S
Nipissing Mines Co
North Butte
Fsearchlight M. & M
Grain and Provisions Market Summary
Wheat trade was steady with holiday holidays limiting new selling. Liverpool prices rose modestly and receipts reached 409000 bushels, down from last year. Cash wheat in New York ranged from 1.07% to 1.08% elevator and 1.08% afloat for No 2 red, with other grades weaker. Corn opened higher on Liverpool support, then slipped before a late recovery as Western receipts remained heavy and Chicago estimated 206 cars for Wednesday. Export demand showed No 2 corn at 41% to 65% cents, with various quotes for white and yellow varieties. futures section noted New York prices but no further detail.
MENTIONED IN THIS ARTICLE
Liverpool
Minneapolis
Illinois
Missouri
New York
Red
Northern
Duluth
Bard
Chicago
Mississippi River
Market Opens Dull as Amal Gamatec Leads Advance
The Boston market opened dull with no feature. Amal gamatec led advances, rising about two points or closing near day’s high. North Butte and Copper Range gained over a point each, while other issues were fractionally higher. overall the market ended firm at the day’s advance.
MENTIONED IN THIS ARTICLE
Boston
North Butte
Copper
Treasury opens with large reserve and funds figures
The Treasury's morning statement shows reserve gold coin and bullion at 150 million dollars, trust funds to redeem certificates at about 600 million, silver dollars around 4.6 million, total assets 1.5004 billion, general fund 155.8 million, bank deposits 119.9 million, Philippine Treasury awaiting reimbursement, and current liabilities around 24.1 million.
MENTIONED IN THIS ARTICLE
General Fund
Philippine
St Paul May Get M K T Access to Gulf
Banking interests discussed the Chicago Milwaukee and St Paul possibly acquiring a controlling stake in the Missouri Kansas and Texas to gain Gulf of Mexico access. Rumors circulated about a shift in control and the impact on transcontinental routes.
MENTIONED IN THIS ARTICLE
Chicago, Milwaukee
Missouri, Kansas
Guaranty Trust Presidency Sought After Casties Exit
The successor to John W. Casties as President of the Guaranty Trust Company will be chosen after Union Trust’s merger. A committee of Guaranty Trust directors including E. H. Harriman, George F. Baker, and Augustus D. Juilliard is considering candidates as the position will open January 1.
MENTIONED IN THIS ARTICLE
Guaranty Trust
John W. Casties
Guaranty Trust Company
Asey
Union Trust Company
E. H. Harriman
George F. Baker
Augustus D. Juilliard
Pope Creditors Get Final Dividend In Receivership
In Newark, Vice Chancellor Howell approved a final dividend of 25 percent with 6 percent interest for Pope Manufacturing Company creditors as part of the receivership settlement. Earlier, three prior dividends totaling 20 percent had been paid.
MENTIONED IN THIS ARTICLE
Pope Manufacturing Company
Newark
Howell
Sores
Port Arthur Resident Returns and Exchange News
John W. Gates returns to Port Arthur Texas. Jacob Garcia of Barcelona seeks Cotton Exchange membership. Philadelphia Stock Exchange Governing Committee votes to close Saturday after Christmas. Herrickey BS Co opens a new branch at 186th Street with Theodore Tonnele and W J Truart. A two year old adicate facility supporting Mexican Central notes dissolves by limitation. Guaranty Trust Company directors select a successor to John W as president. New York State highway improvement ads admitted to quotation in unlisted dept. An order in Newark authorizes a king fund charge of 50 to the Trust Company of America. J Thomas Reinhardt, 34 36 New Street NY reports payment for transaction of his notes and other unlisted securities.
MENTIONED IN THIS ARTICLE
John W. Gates
Port Arthur
Texas
Jacob Garcia
Barcelona
Spain
Cotton Exchange
Philadelphia Stock Exchange
Stock Exchange
Herrickey BS Co
186Th Street
Theodore Tonnele
W. J. Truart
Adicate
Guaranty ‘Trust Company & Committee of Threes
George F. Baker
E. H. Harriman
A. D
Bing Notes
Harriman Said Near Wabash Board Role in Gould Rift
Wall Street reports that E H Harriman may join the Wabash executive committee as part of a hedge between the Gould interests and Harriman allies. The speculation ties Harriman to the Pittsburg extension, Wheeling and Lake Erie, and potential control shifts involving the Lackawanna influence.
MENTIONED IN THIS ARTICLE
E.H. Harriman
Wabash Railroad
Gould Roads
Wall Street
Harriman
George J. Gould
Gould
Gould Interests
Goulds
Wabash Executive Committee
Pittsburg
Wheeling & Lake Erie
Erie
Lackawanna
Wabash
Arriman
Wabash Board
Lake Erie
Harriman Porter
Harriman Senin
Wabash Directorate
Arizona Smelting Plans Approved by Stockholders
Edwin 8 Hooley announced that the reorganization plan for the Arizona Smelting Company and Consolidated Arizona Smelting Company has won approval from a majority of stockholders and unsecured noteholders. Management selections will be made by oe 8. Guinness, William Schall Jr, William P. Bonright, and C A Kittle, who represent note and stockholders respectively.
MENTIONED IN THIS ARTICLE
Edwin 8. Hooley
Arizona Smelting Company
Consolidated
Guinness
Ladenburg, Thalmann & Co
William Schall, Jr
Muller, Sc
Cotton Market Rises Quietly Amid Holidays and Better Demand
Cotton rallied and closed steady, up 9 14 points, with 150000 bales traded. The market opened higher, then improved on steady Liverpool cables and stronger export buying. Local spot cotton was quiet and 10 points higher, with several Southern markets reported steady or firmer prices and modest sales.
MENTIONED IN THIS ARTICLE
Liverpool
Houston
Secasecce
Asahunene
Svssas San
Norfot S
St. Louis Dull
Savannah
New Orleans
Steadly
Ga ‘Venton Essen
Bala Memphis
Salen
Weather forecast for cotton and grain states
The United States Weather Bureau forecast for Wednesday and Thursday covers the cotton and grain states. Georgia will be fair Wednesday and Thursday with cooler temperatures. Louisiana and Kansas expect fair weather with variable winds.
MENTIONED IN THIS ARTICLE
New York Times
Washington
United States Weather Bureau
Georgia
Louisiana
Kansas
Sleuths in Evening Clothes at Douglaston Inn
John E. Tench owner of Douglas Manor Inn on Douglaston L I faced arrest after police in evening clothes raided the inn over slot machines. He was bailed out and later injured when his car collided with a farm wagon on the return trip.
MENTIONED IN THIS ARTICLE
John E. Tench
Douglas Manor Inn
Douglaston
L. I
Flushing
Duffy
Court halts Jersey City land sale on New York Bay shore
United States Circuit Judge Williash Lanning ordered a halt to Jersey City land sale of Jersey Central Railroad property on the New York Bay shore. The city accepted a partial payment of 297381, while disputing a 700000 claim. The court set Jan 4 to show cause for permanent restraint. sale was adjourned to Jan 5.
MENTIONED IN THIS ARTICLE
United States Circuit Court
Williash Lanning
Jersey City
New York Bay Shore
Jersey Central Railroad
Wittpenn
Davis
George Holmes
Lanning
Trenton
New York State
United States Supreme Court
Eliot Lectures On Strife Between Employers And Unions
Harvard President Charles W. Eliot spoke to an economics class in Cambridge on December 22. He criticized unions for limiting output and apprenticeship, saying altruism cannot mix with economics and that such limits corrode workers’ moral fibre.
MENTIONED IN THIS ARTICLE
Cambridge
Mass
Charles W. Eliot
Harvard
Taussig
Eliot
Oppose Wage Increase by Glass Manufacturers Meet
Forty independent window glass makers gathered at the Chittenden Hotel in Columbus to oppose a 25 percent wage demand. They argue the current scale already exceeds 25 percent and note about 1,300 of 1,600 furnaces are closed with owners adopting the new scale.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Chittenden
Chesapeake and Ohio Plans 30 Million Bond Issue
The Chesapeake and Ohio Railway directors authorize a 30 million general funding and improvement mortgage bond issue. Of this, 11 million will fund 7.5 million 6 percent notes due July 1 and support capital needs, equipment, and extensions. J. P. Morgan & Loeb & Co. underwrite.
MENTIONED IN THIS ARTICLE
Chesapeake & Ohio Railway
Loeb & Co
J. P. Morgan
Polytechnic Institute Records Second Mortgage in Brooklyn
A second mortgage for 170000 on Polytechnic Institute property in Livingston Street Brooklyn was recorded yesterday. President Fred W Atkinson said the loan is not new but refinances existing notes, totaling 170000 over seven years, now retired and replaced by new notes.
MENTIONED IN THIS ARTICLE
Polytechnic Institute
Livingston Street
Brooklyn
Fred W. Atkinson
Phelps-Dodge Company Names Officers and Directors
The newly incorporated Phelps-Dodge Company with a 30 million dollar capital names its officers and directors. Selected as president is See. James Dougie F, with the firm to take over mining and related properties formerly controlled by Phelps Dodge & Co.
MENTIONED IN THIS ARTICLE
Phelps-Dodge Company
Phelps
Dodge. & Co
James "Dougie
Special Deputy Named to Probe Election Expenses
William F. Fitzsimmons was appointed Special Deputy Attorney General to lead judicial inquiries under the election law without state expense. Probes include Kings County Republican Committee expenses paid to Hamilton Trust Company and other party committees in New York City and Putnam, Chemung counties. Returnable December 31 at 11 A.M. before Supreme Court Justice Betts in Kingston.
MENTIONED IN THIS ARTICLE
Albany
N. Y
Association For the Prevention’ of Corrupt Practices
William F. Fitzsimmons
Kings County Republican Committee
Charles E. Teale
Hamilton Trust Company of
Brooklyn
Democratic Committee
John Deister
Supreme Court
Betts
Kingston
Paid No Alimony In Jail For Arrears To Ex-Wife
John W. Hotaling prominent in real estate appraisal tied to condemnation cases is jailed on Ludlow Street for several hundred dollars in alimony arrears to his former wife. He was arrested three weeks ago after eluding capture for months. Judge Platzke previously held him in contempt in March for 1500 dollars and ordered 30 dollars weekly to his ex wife and 10 dollars weekly to each of his two children. He left for New Jersey before returning as a witness in a local land case, then was arrested upon returning to the city.
MENTIONED IN THIS ARTICLE
John W. Hotaling
Ludlow Street
Hotaling
Platzke
New Jersey
Bondholders and Trustees Set Deposit Plan and Private Sale Terms
Notices announce a Bondholders Committee for Chicago traction bonds urging holders to deposit with Harris Trust Bank to receive transfer certificates. Additional notices detail adjourned sales of collateral securities by United States Mortgage and Trust Company for Detroit, Toledo and Ironton Railway and related stock, with bid deposits and staged sale dates through January 1909.
MENTIONED IN THIS ARTICLE
Chicago Electric Transit Company
North Chicago Electric Ry. Co
North Side Electric Street Ry. Co
Chicago North Shore Street Ry. Co
Kvanston Electric Railway Co
Chicago Consolidated Traction System
Harris Trust and Savings Bank
N. W. Harris & Co
New York
Boston
United States Mortgage and Trust Company
John W. Platten
Nited States Mortgage and
Also Mentioned on This Page
Outside Securities
Day
Indus
Industrials
Grain and Provisions
Boston Stock Market
The
the Treasury Balances
Treasury
ST. Paul
Gulf
Pope
Financial Notes
Road
Harriman-Gould Harmony
Arizona
Court
N. Y. Bay Shore
Chesapeake & Ohio Loan
Am. T & T Co
Coast Line
Ches. & Ohio
Chi
Interboro
Lake Shore
Louis. & Nash
Western Os
Penn
Ia Ae
Southern
Kings County
Northriver Savings Bank
34Th St. Bet
Samuel D. Styles
Frederick N. Cheshire
Charles F. Turton
NEW York Savings Bank
N. W. Cor
14Th St
8Th Avenue
William Fellinger
James L. Wandling
Archibald M. Pentz
Broadway Savings Institution
Park Place
H. F. Hutchinson
LA. Stuart
East River
Broadway
Dick S. Ramsay
Chas. A. Whitney
Bank For Savings
City OF
Fourth Avenue
Board of Trustees
Walter Trimble
Charles A. Sherman
James Knowles
Union Dime Savings Institution
ST. and
6Th Avenue
Greeley Square
Charles E. Sprague
Francis M. Leard
William G. Ross
Greenwich Savings Bank
Ls. E. Cor
6Th Ave
16Th St
James Quinlan
Harles M. Dutcher
Treas. Co
Hampden Robb
Francis M. Bacon, Jr
Empire City Savings Bank
West 125Th Street
I. A. Hopper
Aa. T. Timpson
U. S. Steel
Blanche A. Thompson
Hayden, Stone & Co
Broad St
Wall Street Journal
Isthmian Canal Commission
Washington, D. C
State City
New
North Point Street
San
U. Eer
Harris Trust & Savings Bank
Dearborn Street
Securities
Adrian H. Muller & Son
Vesey Street
Borough of Manhattan
City of New York
United States Mortgage & Trust Company
Detroit, Toledo & Ironton Railway Company
Ann Arbor Railroad Company
Mthern Railwy
Texas & Pacific Railway
Denver & Rio Grande Railroad
Rock Island Company
Erie Railroad
Missouri, Kansas & Texas Railway
St. Louis & Southwestern Railway
Kansas City Southern Railway
Wisconsin Central Railway
Omas Gibson
Corn Exchange Bank
N. Y. City
Sitock
New York Realty Owners (Incorporated
Fifth Av
New York City
Union Electric Light and Power Company
Standard Trust Company
Broad Street
Mississippi Valley Trust Company
St. Louis
C. W. Wetmore
Itatee Cab
Banking Dept. Supervision
Beekman St
Goldfield Consolidated Private Wires
J. Thomas Reinhardt
Exchange Pl
Brent
Mess
Overlook Curb
Westchester County
W. Y
Bronx Valley Sewer Commission
Grand Street
Waite Plains
Sanitary Sewer District
County of
Westchester
Mechanics National Bank
Ar York
White Plains
Bank Or Trust Company
William Archer
John J. Brown
Southern Pacific Railroad Co
Equitable Trust Company of New York
Southern Pacific Railroad
Southern Pacific Railroad Company
J. L. Willcutt
Andrew J. McCormack
William ST
Exchange
R. R
New York & East River Gas Co
Ete Union Gas Co
P. c
Brooklyn Union Gas
Brooklyn Union Gas Co
United States Express Co
New Aqueduct
L. I. City Water Supply Co
Brooklyn Public Park
P.c
P. c. School House
P. c. Flatbush
Kings Co
Wabash Ra
Omaha
Rochester Button Co
Lincoln National Bank
Jacob Maikel
Ray Maisel
Max L. Rohman
Ine Rohman
Mutual Alliance Trust Co
Broadway Trust Co
Country Club
Lakewood
Simpson Securities
Adams Express Co
Savoy Oil Co
Goldfield Mining Co
Nevada
Evansville & Indianapolis
Mobile & Ohio
Central of Georgia
R. R. 24 Inc
Nanens City & Northwestern R. R
Kansas City
Excelsior Springs
Pearl Square
Cedar Hill Mining & Milling Co
Mount Hope Cemetery
Victor Fuel Co
Denver
Col
Sky
Standard Milling Co. Common
Street Railway Co
Vandalia R. R. Co
Phoenix Fire Ins. Co
Compania Metalurgica Mexicana Guar
Chic
Indiana
R. R. Ca
C. Eds
Jefferson Rist
Dolores
Nes Ip
M. N. ‘Orney
Bank of Manhattan Co. Bank
Nodas
Plaza
Rutland
Des Moines & Fort Dodge
R. R. Co
Indianapolis & Louis
Sha Guggenheim
Chamber of Merce Bolites Reat Sub
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