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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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