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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

Jan 21, 1908

Page

11

Wall Street Focus Centers on American Smelting Weakness

The market reckons with persistent weakness in American Smelting shares amid rumors of dividend cuts and a broad bearish tilt. Traders point to Utah farmer-processor agreements as a notable positive, while debates over the Aldrich currency reform bill and easy money conditions color sentiment and expectations for gold exports, bonds, and municipal securities.

Utah

Sale of Smelters Denied Amid Stock Slump

Wall Street rumors circulated that control of American Smelting and Refining Co may shift to Standard Oil, as stock fell 6 percent to 60. Guggenheim family officials denied retirement from management, noting three generations in the firm and sons gaining field experience in Mexico and Salt Lake City.

Wall Street Guggenheim Standard Oil Guggenheims Daniel Guggenheim Mexico Murry Guggenheim Salt Lake City M. Robert Guggenheim

Westinghouse Plan Aims 7 Million Capital Boost to Set Debts

Creditors committee unveils a readjustment plan for Westinghouse Electric and Manufacturing. It calls for 35 million dollars of 5 percent bonds to cover unsecured debt, secured by a first mortgage on principal plants and stock pledges. New capital of 7 million dollars from George Westinghouse and allies is required, with a voting trust to shape future director elections.

Westinghouse Electric and Manufacturing Company Treasury George Westinghouse Tas Committee Westinghouse Company Bankers ' Trust Company First Savings Bank and Trust Company of Chicago First National Bank of Pittsburg Kuhn, Loeb& Is

Sovereign Bank considers recovery of write off

Toronto Ont January 20 Officers of Sovereign Bank weigh legal ability to recover part or all of the 2 600 000 written off last May President Jarvis says shareholders will receive a smaller dividend though not one percent He notes about 2 000 000 in American corporate bonds should rise in value within two years J P Morgan Co has not reduced but increased its holdings

Toronto Sovereign Bank Jarvis J. P. Morgan & Co

Grain and Provisions Update on Wheat and Corn Markets

Market notes show reduced selling in wheat with a partial recovery after a sharp rally in the Northwest and concerns about winter wheat pest damage. The visible supply fell 655,000 bushels. corn prices rose on opening but eased, with export sales and interior movement influencing levels. Reports mention industry personnel changes and new security listings, including bonds and railroad issues, plus leadership shifts at banks and investment firms.

Northwest Kansas Liverpool Berlin Paris Seaboard Orm Duluth Chicago New York

Coffee Market Quiet but Steady in Local Trade

The coffee market showed a quiet but steady tone with day sales at 18 750 bags. The market opened unchanged to five points lower, then recovered losses and held steady as Brazilian and European notes indicated mixed signals. Rio and Santos exchanges were near unchanged with light offerings and strong house buying activity in domestic deliveries.

Havre Hamburg Rio Santos United States

Cotton Market Forecast and Prices Move in January

The Federal Weather Bureau forecast fair and warm conditions across the cotton states for Tuesday and Wednesday with easterly winds in most areas. Cotton opened firm with an initial gain but closed steady with a net advance around 5 to 12 points on the old crop, and about unchanged on October. Sales were about 450,000 bales, and regional spot markets showed varied but generally firm prices across New Orleans, Mobile, Savannah, Norfolk, Charleston, Augusta, Houston, Galveston, and Memphis.

New York Times Washington Federal Weather Bureau North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Texas Arkansas Oklahoma Tennessee Liverpool Manchester Cescees Ceee Gulf New Orleans Mobile Savannah Norfolk Charleston Augusta Houston Galveston Memphis

L and N Divides Realty via Stock Dividend

The Louisville and Nashville declares a 1 percent stock dividend payable in Louisville Property Company shares. The move transfers real estate not used in operation to a holding company, expanding its capital to 600000, equal to 1 percent of L and N’s 60000000 stock.

Louisville & Nashville Louisville Property Company Road

Stock market notes from the Produce Exchange list

Principal transactions and closing bid and ask prices for listed securities reported yesterday by Adrian H. Muller & Son. The notice includes numerous lots across banks, mining, railroads, trusts, and mortgages with bindings to estates, executors, and administrators.

Produce Age N. High Davis-Daly Branch Mt

Notice of Bond Redemptions by Southern Pacific Railroad

Southern Pacific Railroad invites bids to surrender First Refin ding Mortgage Gold Bonds funded from 1907 net income. Bids due January 23, 1908 noon at 120 Broadway New York. bids must be marked Bids for surrender of Southern Pacific Railroad Company's First Refining Mortgage Gold Bonds.

Equitable Trust Company of New Yor 1200 Bros Sdway Staite New York Southern Pacific Railroad Company Southern Pacific Railroad Kansas City, Mexico & Orient Railway Co American Exchange National Park New York City Twin City Rapid Transit Company Farmers’ Loan and Trust Company William Street E. S. Pattee Phenix Insurance Company Brooklyn Board OF Directors H. B. Claflin Company Church and Worth Streets Force United States Realty & Improvement Company Broadway United States Reality & Improvement Company B. M. Fellows Pullman Company A.&. Weinsheimer Chicago Pacific Bank Ss. C. Merwin Butterick Company Butterick THE Manhattan Ben Wood General Colors Company Borough of Manhattan City of New York DE Witt Clinton Jones, Jr Aztec Land and Cattle Company, Limited South William Street Robert M. Murray Merrriam Paper Company Merriam Paper Company Beckman Street Rough O Manhattan James K. Vanderbeek Consolidated Gas Company OF Irving Places R. A. Carter Peoples Gas Light & Coke Company Peoples’Gas Light and Coke Company Adams Street Michigan Avenue George C. Knapp United Injector Company No. Liberty Street Charles A. Moore, Jr Sheppard Knapp & Co Sixth Avenue James B. Mott Lazell, Dalley & Co

Reading and United States Steel active in Philadelphia trade

Reading and United States Steel showed strong activity with a fair volume of business in Philadelphia. Tonopah Mining posted gains on its quarterly statement, while Lehigh Valley paused after early firmness. Prices for several listed stocks fluctuated with mixed volume across the market.

New York Times Philadelphia Reading United States Steel Pennsylvania Con. Trac N. J Elec. Co Elec Vo 620 Marsden Eevee Norf. & Western Norristown Philadelphia Co Phila. Electric Phila, Traction Tonopah Belmont

Directors Reelect Simmons and Cannon at Board Meeting

At a Board of Directors meeting this day, President J Edward Simmons and Vice President James G Cannon were unanimously reelected. Charles H Patterson remains cashier in the miscellaneous report.

Also Mentioned on This Page

Municipal Market Firm Aldrich Bill Gossip Westinghouse George West Inghouse Sissdacuntee Grain and Provisions Ansel Oppenheim Chicago Great Western Europe G. Bruce-Webster Chartered Bank of India Australia China Stock Exchange Western Union Telegraph Company Hocking Valley Railway Company First Consolidated St. Louis, Iron Mountain & Southern Railway Company River and Gulf Division H. Tuthill Spence Strck Trowbridge & Co F. J. Lisman & Co St. Louis San Francisco Eastern Illinois F. A. Vanderlip National the Treasury Balances Keidbesasae Dsa Oak Aw Wees Ae Eae Ae Ee Cotton States L. & N. Transfers Realty Produce Exchange Andrew J. McCormack Adrian H. Muller Western Union Telegraph Co Coll. Trust Greenwich Bank United States Express Co Hanover Fire Insurance Co Pullman Palace Car Co Dixon Crucible Co Mercantile National Bank National Copper Bank Importers & Traders Natl. Bank Louisville & Jeffersonville Bridge Co Peuetre Pacific R. R Morristown Trust Co Butte Extension Copper Minng Co Interboro Pank Pe & 9Th Av. R. R Saratoga & Schenectady R. R Henry R Worthington Garfield Natl. Bank New Amsterdam Natl Bank Equitable Trust. Co German Exchange Bank Nassau Bank Toledo, St. Louis & Western R. R. Prior P. Ce Railroad Securities Co Illinois Cent. Stock Trust Nashville, Chattanooga Central Union Gas Co P. c. Bond Pinewall Company Genesee & Wyoming R. R P. c Industrial Trust Co. of Providence Germania Bank Garett B. Linderman. & Co Garett B. Linderman Metropolitan Trust Co Realty Associates Birmingham Pear aGoer Mi Tadeheers Alaska Treadwell Helvetia Wee Hanson Con. Sil. Ltds Nipissing Portland el Oro Esperanza Ltd Greene Silvey Con Greene Gold E.usenes An Mines Co Anerica San Toy Butte Coalition United Copper Nevada Hills Ccf Nevada-Utah Pittsburg Silver Peak Gibraltar Mines Montgomery Shoshone Ae National Bark O Tramps Consolidated Cumberland-Ely Copper Nevada Consolidated Tereee Diamond Black Butte Goldfield Consolidated Goldfield Daisy Seer Eeersene OO Great Bend Wade Eeeers Eeeeeres Jumbo Seccusecaveves Scores Een Eeee Peewee Volcurm Mills Pf Viscaceee Starrard Asbestos Co Ccaseee Fifth Avenue London Bishopsgate St Rue de Richelieu Tarrytown, White Plains & Mamaroneck Railroad Co Sutro Bros. & CO Bankers Pine Street Southern Pacific Railroad Co J. L. Willcutt Nassau St Marith Columbia Trust Company John D. Barrett Anthony R. Kuser Samuel G. Bayne J. R. McGinley E. C. Benedict Robert 3. Bradley Frederick H. Eato James M. Gifford Henry Goldman Hastings A. B. Hepburn C. H. Huttig William H. Nichols Augustus G. Painé William R. Peters Clarence W. Seamans Hermann Siebcken Arthur Turnbull Jacob Wertheim Yates L. W. Wiggin PRIC Kansas City, Mexico & Orient Railway A. E. Stilwell Goldfield Daisy Nevada Cumberland Ely Copper Alfred J. Kohn & CO Curb Brokers Broad St N. Y Tel Nevada-Uliah Fred. R. Jones & CO Broad Tennessee Copper Company J. H. Susmann Charles. F. Koster American Gas & Electric Company Frank B&b. Ball Banks and Trust Companies Fourth National Bank of City of J. Edward Simmons Cornelius N. Bliss Charles Stewart Smith Robert W. Stuart Richard T. Wilson William 8. Opdyke Eastern Michigan Edison Company Broad Street Silas W. Burt Ww. W. LA Fetra J. M. Vincent Racich Asbestos Manufacturing Company Almer Reed Larson John H. Muessman The.s. M. Robins Company Borough of Ralph M. Robins Port Henry Iron Ore CO Messrs. Witherbee, Sherman & Co Rector St Joseph T. Tovjer Bankers Trust Stephen Baker Bank of the Manhattan Co Seaboard National Bank Edwin M. Bulkeley Spencer Trask & Co James G. Cannon Fourth National Bank N.Y Frederick T.haskell Illinois Trust & Savings Bank A. Barton Hepburen Chase National Bank Thomas W. Lamont Gates W. McGarrah Mechanics’ National Bank Edgar L. Marston Blair & Co George W. Perkins William H. Porter Chemical National Bank Daniel G. Reid Liberty National Bank Edward F. Swinney First National Bank Kansas City John F Chompson Gilbert G. Thorne National Park Bank Edward Townsend Nat. Bank Albert H. Wiggin Samuel Woolyverton Gallatin National Bank Edward F. C. Young Jersey City I Thompson Pomeroy Pelesona Aia NLT Siyata Cor. Cedar & Nassau Robert S. Bradley Billiast H. Nichiols Howard Bayne Langley W. Wiggin Park Terrell David 8. Mills Johnson & Higgins Seaboard Nat. Bank Roberts. Bradley Frederick H. Eaton Car and Foundry Co Agricultural Chemical Goldman, Sachs & Co Frank S. Hastings Indianapolis Gas Co Chase Nat'l Bank H. Huttig Pres Third Nat. Bank St. Louls South Jersey Gas, Electric, & Trac. Co Contac Tors John R. McGinley Pittsbore J. W. McNeal B. Aard O. R. R General Chemical Co Augustus G. Paine New York and Penn. Co WM. R. Peters Peters. White & Co Union Typewriter of Hermann Sielcken Crossman & Sielcken Beme Yost Jace Jacob Werrtheim United Cigaretes Co Arthur G. Yates Res Buffalo Rochester & Pitts R. R. Co Fifth Avenue Trust CO Fifth Ave Forty-third St Levi P. Morton Boston UL Oaby 19 Exchange Pt Boston, Mass Cumberland-El BAY State Gas Nevada Consolidated Greene Cananea Micmackip
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