Wall Street Bears and Bulls Face Sharp Market Shifts
Brokers note a shift from bullish to bearish sentiment among traders while professionals remain dominant on the floor. They cite ample money in the system, easing interest rates, and growing caution as a panicked period recedes, with interior banks showing surplus reserves and Clearing House certificates still in use.
MENTIONED IN THIS ARTICLE
New York
$100000 Morse Note May Be Paid Soon
The Hudson Navigation Company took over $100,000 in Metropolitan Steamship bonds as security for a bank loan tied to a Morse group note. Morse allies deny personal purchase. bonds had originally paid a prior loan and now partly cover a 2 percent dividend. The note for $100,000 is tied to a joint Morse Hudson loan, with an immediate payoff expected and attachment lifted. The consolidation committee aims to keep the Morse properties united, with Harvard and Yale steamers once earning about $179,000 monthly before winter layup, and costs targeted at about $50,000 monthly.
MENTIONED IN THIS ARTICLE
Hudson Navigation Company
Metropolitan Steamship
Morse Shipping
C. W. Morse
Morse
Navigation Company
Frederick R. Bagg
Moisé
Metropolitan Steamship Line
Consolidated Steamship Lines
Harvard
Yale
Calvin Austin
Adrian H. Muller
Casein. Co. of America Common
Dix River Parytes Co
Bond & Mine
Monterey Realty & Construction Co
Samuel Mandel
97Th Street
Madison Avy
Fairmount Coal Co
Western Union Telegraph Co
Trust
Greenwich Bank
United States Express Co
Hanover Fire Insurance Ca
Pullman Palace Car Co
Dixon Crucible Co
Mercantile National Bank
National Copper Bank
Importers & Traders’ Natl. Bank
Milliken Brothers, Inc
Skg
Ae & Tilford
Natl. Bank
Chicago & Ind. Coalist
Toledo & Ohio R. R. Genl
Pe & Jeffersonville Bridge Co
Meer Pacific R. R
Morristown Trust Co
Aon Butte Extension Copper Minng Co
Interboro Bank
Peden & 9Th Av. R. R
Mtge
Saratoga & Schenectady
Henry R. Worthington
Garfield Natl. Bank
New Amsterdam Natl. Bank
Equitable Trust Co
German Exchange Bank
Nassau Bank
Toledo, St.Louis & Western R. R
P. c
Railroad Securities Co. Wiinefs Cent Stock Trust Ctss
Nashville, Chattanooga
Genesee & Wyoming R. R
P. c. Eds
Industrial Trust Co. of
Providence
Germania Bank
Garett B. Linderman & Qd
Garett B. Linderman
Metropolitan Trust Co
National Bank
Carnegie Aces
Carnegie Trust Co
Coney Island & Brooklyn R. R
Certificates Going as Clearing House Redeems Most of 97 Million
Manager Sherer of the New York Clearing House said only 19 million remain of the 97 million certificates issued during the disturbances. Banks are rapidly retiring them and the total outstanding fell to about 17 million by day’s end. Wall Street expects the last certificates to be retired within a fortnight and the Clearing House to resume detailed weekly bank statements after months of publishing only a summary.
MENTIONED IN THIS ARTICLE
Sherer
New York Clearing House
Wall Street
Clearing House
Westinghouse receivers authorized to pay interest on notes
U S Circuit Judge Nathaniel Ewing empowered Westinghouse receivers to pay interest on collateral trust notes held by Mercantile Trust Co New York securing two bond issues. The order authorizes $180 000 due Feb 1 on 65 notes totaling 6 000 000 and 350 000 for Apr 1 on similar notes totaling 14 000 000, with collateral payable if interest is not paid within five days.
MENTIONED IN THIS ARTICLE
Pittsburg
Penn
United States
Nathaniel Ewing
Westinghouse Electric and Manufacturing Company
Mercantile Trust Company of New York
Boston Stock Market Decline Pushes Shares Lower
Special to The New York Times reports a morning drop in American Smelters and local corner shares in Boston. North Butte and Butte Coalition fell a few points while Copper Range slipped to 62 1/4 under broad selling pressure. Trading ended irregular with overall decline.
MENTIONED IN THIS ARTICLE
Boston
North Butte and Butte Coalition Ach
Cotton Market Falls as Labor Hints Hit Prices
The Federal Weather Bureau forecast for cotton states shows mixed rain and sun across NC SC GA FL and TX with winds. Cotton closes the previous day down 15 to 25 points after a 500000 bale day, fueled by reports of a labor settlement hitch in Lancashire and broad offerings. Spot markets show varied but generally weaker prices across Southern cities with little sales.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Federal Weather Bureau
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Oklahoma
Arkansas
Tennessee
Lancashire
Fonday
Mae Wee
Seeeseees
Seooess
Gulf
Mobile
Savannah
Norfolk
Augusta
St. Louis
Galveston
New Orleans
Houston
Directors reshuffle at Trust Company of America
At a directors meeting the resignation of vice president Philip S Babcock was accepted and no replacement named. Thorne remains president and the company will operate with one fewer vice president for now.
MENTIONED IN THIS ARTICLE
Trust Company of America
Philip S. Babcock
Thorne
Babcock
Corn Exchange Bank
J. M. Bowers
Anthony N. Brady
Union Trust Company
Ventorney
Leeeeew T
Frank Manvills
Thomas H. McKittrick
B of Directors
J. Edward Simmons
James G. Cannon
Charles H. Patterson
European Markets Tumble as New York Sinks Stocks
London prices softened and then steadied on light trade with foreigners buying and Japanese securities improving on a favorable budget outlook. Amalgamated fell to 52 after a 23% drop. money 3.3% and open market rates mixed. Union Pacific weak. Paris and Berlin showed hesitancy with irregular bourse tones.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris
Wall Street
New York
Union Pacifico
Lon- N
Don Equiv
Ch'ge
Atchison
My Ag
Coffee market steady with mixed regional acts
The coffee market stayed quiet yet steady with 19 750 bags sold and a close not unchanged to five points higher. Havre and Santos held steady while Hamburg rose four pfennigs. Rio closed for a maritime holiday and no cables came in. Receipts at two ports totaled 22 000 bags versus 69 000 last year and January receipts reached 10 000 bags versus 36 000 a year ago. contract price ranges in the local market were listed.
MENTIONED IN THIS ARTICLE
Havre
Hamburg
Rio
Santos
American Light and Traction declares quarterly dividends
The Board of Directors of American Light and Traction Company announces a quarterly dividend of 1 1/2 percent on both Preferred and Common stock. Dividends payable February 1, 1908 to stockholders of record January 24, with transfer books closing January 24 at 3 P M and reopening February 1 at 10 A M.
MENTIONED IN THIS ARTICLE
A. J. Crawford Company
Thomas F. Devoe
New York
J. F. Frederighs
American Chicle Company
Henry Rowley
Office of
Brooklyn
City of New York
Borough of
Brooklyn Rapid Transit Company
Clinton Street
New York City
Co. D Meneely
American Light and Traction Company
Wall Street
Amalgamated Copper Company
Broadway
A. H. Melin
National Safe Deposit Company of New York
Ferdinand J. Clausen
Metropolitan Tobacco Company
Grand Street
Borough of Manhattan
Henry Lehman
Butterick Company
Butterick
Manhattan
Ben Wood
Hudson Realty Company
Hudson Rearty Company
James Frank
Consolidated Gas Company OF
Irving Place
R. A. Carter
Heinze Interests Dropped From Aetna Directorship
Hartford Conn Jan 21 at the annual meeting of the Aetna Indemnity Company the Heinze interests were voted out of the Directorship. Names removed included A P Heinze Stanley Gifford John Mac Ginnis C W Barron M N Schultze T T Wells H G Abel R S Harvey C O Heinze E Lamphear S B Brewster D Eckstein E Lorillard S Dudley Chesterass
Also Mentioned on This Page
Aldrich Bill
Senate Finance Committee
Aldrich
Westinghouse Order
Boston Stock Market
The
M. Bell Tel
K.C
FCS & M
N.Y
N.H
Boston Elevated
Boston & Albany
Boston & Lowell
Boston & Maine
Boston & Maine Pf
Boston & Providence
Cumberland
New England
Edison Settee
General Gassa
Mergenthaler
Somae Swift
United Fruit
UC United Shoe
AnNouez
Arizona
Atlantic
Greene-Cananea
Ana
Old Dominion
Osceola
Osee Besar
Phoenix
Quincy
U S
United Copper
Utah States
Senneeee
Victoria
Winona
Wolverine
jAssessment
Cotton States
Babcock Out OF Trust CO
America
Berlin
Lstless
Exchange
Foreign
Public Securities
Ee Seseesceer
Gavarian
Aecat
Saxony
City of
Cologne
Sebenensee
Augsburg
Munich
Frankfurt-on-Main
Seekeness
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Bishopsgate St
Rue de Richelieu
Brooklyn Trust Company
Fulto
Broadwaekit
Manbatete
N.Y.C
St. Paul, Minn
Manigba
A&c
M.& St.p
L. S. & Mich
South
N. Y
Treasury Dept
Leo Speyer
Arthur Lipper & CO
Broad Street
N. Y. Stock Exchange
Tarrytown, White Plains & Mamaroneck Railroad Co
Sutro Bros. & CO
Bankers
Pine Street
Girard Trust
Philadelphia
B. Morris
N. Ely
AA. Jackson
J. Rhoads
Edward 8, Page
Andrew J. McCormack
Metropolitan Street Railway Company
Fifth Ave
Edwin S. Marston
Edwin M. Buialey
John W. Castles
Dumont Clarke
Robert Y. Hebden
Otto H. Kahn
Frederick Geller
Southern Pacific Railroad
Equitable Trust Company of New York
Southern Pacific Railroad Company
J. L. Willcutt
EPPS
Ffi
Edward
Epps & CO
New York Produce Exchange
Micmac
Nevada
Utah Bay State Gas
Greene
Cananea
Cumberland-Ely
Nevada Consolidated
J. Thomas Reinhardt
Exchange Pl
Office of Commissioner of Immigration
Ellis Island
U.S
N.Y. H
Robert Watchorn
Commissioner of Immigration
Ellig Island
U. S
Fred. R. Jones & CO
Broad ST
Broad
Banks and Trust Companies
Fidelity Bank
Madison Avenue
75Th ST
Thomas P. Fowler
Hugh J. Grant
Harknes
Seth M. Milliken
Robert Olyphant
Ww. Y
Edward H. Peaslee
B. Aymar Sands
Mortimer L. Schiff
James Stillman
Eric P. Swenson
Home
Edward W. Dutton
Ernest A. Henderson
Eugene W. Dutton
Office OF Title Guarantee and
Fprust Company
John Jacob Astor
William A. Nash
William M. Ingraham
Henry Roth
Clarence H. Kelsey
James Speyer
Edgar L. Marston
Sanford H. Steele
Charles Matlack
Louis Windemuller
Fourth National Bank of
MITC
Cornelius N. Bliss
Charles Stewart Smith
Robert W. Uart
Richard T. Ilson
William 5. Opdyes
Javiorim
NM Ato
Kansas City, Mexico & Orient Railway
Thirty-seventh Street
Newery Ae eUery
Herman Auerbach
Maroc Kiaw
George W. Elkins
H. M. Swetland
Joseph R. Grismer
Jacob Werthem
Irector
R. R. Moore
Hollis E. Cooley
de Witt C. Flanagan
G. J. Baumann
the Commercial Trust Company
Ames Higgins
Kansas City, Mexico & Orient Railway Co
American Exchange National Bank
A. E Stilwell
5Th Av
Cannelton Coal Co
West Virginia
William &St
Charles Remsen
Stockholders of Black Publishing Co
Barnum & Bailey Limited
Great Britain
Barnum & Bailey, Limited
England
East 22d Street
Joseph T. McCaddon
Delevan A. Holmes
Bailou-Dickson Company
West 1Th Street
Orenco
Oward S. Dickson
Cimiotti Unhairing Company
West Third Street
Gustav. Cimiotti
Sicilian Asphalt Paving Company
Park Row
H. Haggerty
Middle Atlantic Realty Co
Wast St
Isaiah H. Porter
JAS. Oliphant
James. H
Alfredl. Norris
Floyd W. Mundy
J. Norris
Herman N. Butler
Joseph Eckkstein
Eckstein
Olxell & Loineger CO
Lotineger Musicine
Olxell
12Th St
Samuel J. Stiebel
Alfred J. Hernsheim
Benjamin H. Homan
Nathan Weiss
State of New York
Secretary of State
Barnett Brothers
Albany
James L. Whalen
Lapsley & CO
F. P. Holra
Howard Lapsley & CO
Heinze
Aetna
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