Wall Street Rumors Rally and Markets Seen Shifting
The article surveys persistent market rumors around Smelters and other industrials, noting expectations of short interest, a six percent basis at the next meeting, and varied trader sentiment. It mentions European travel influencing trading, observed strength in certain bonds like City 4 14 8s, and mixed signals from banks and railroads about borrowing and dividends.
Investors Favor Short Term Bonds and Gas Notes Rally
Morgan holdings exercised its option for 65 million dollars of city tax warrants while Consolidated Gas sold 5 million in one year notes to N W Harris Co and bankers. The market sees rising demand for high yield short term securities as rates fall and money flows in, with New York City 50 year bonds trading around 107 to 108 and 1917 notes near 104.
MENTIONED IN THIS ARTICLE
New City
Aldrich
Rock Island
Consolidated Gas Company
N. W. Harris & Co
Astoria
Morgan Syndicate of Bankers
J. P. Morgan & Co
First National Bank
National City Bank
Consolidated Gas
New York Central Equipment Trust
New York City
Stock Exchange
Traders and Mechanics Bank in Pittsburg Closes
The Traders and Mechanics Bank a State institution with 100000 capital closed today by order of State Banking Commissioner James L White and its Treasury Trust Company subsidiary. Receiver White says depositors will be paid in full. Edgar Van Etten named president of the Cuban Road and will travel to Cuba to inspect properties. Mrs Van Etten accompanies him and he remains president of the Long Acre Electric Light Company.
MENTIONED IN THIS ARTICLE
Pittsburg
Traders and Mechanics’ Bank
James L. White
Treasury Trust Company
White
Edgar van Etten
Cuban Road
Boston & Albany Railroad
New York Central
Cuban & Eastern Railroad
Cuba
Houston & Texas Central Mortgage Bonds Issuance Notes
The Houston & Texas Central Railroad Co issues bonds drawn by lot from land sale proceeds. Bonds, bearing numbers 42 35 93 119 120 131 135 139 150 688 841 847 893 907 926 458 945 949 were selected to be paid at 110 percent of par plus accrued interest, under the trust indenture with Farmers' Loan & Trust Co and Southern Pacific Co dated April 1, 1890.
MENTIONED IN THIS ARTICLE
Houston & Texas Central Railroad Company
Frederic P. Olcott
Farmers’ Loan & Trust Company of
New York
Southern Pacific Company
Trading in Baltimore Busy Bond Market Slips and Firm
The bond market in Baltimore showed active trading with solid demand for investment securities. Northern Central Railway shares fell 1 point, Atlantic Coast Line certificates declined, United Railways 43 dropped 14, and Seaboard 4s fell 1 point while Baltimore City 53 and Metropolitan Railway 65 rose about a point. Mount Vernon Woodberry Cotton Ducks eased. Close held firm though dull with sales of 880 shares and bonds totaling $70,000.
MENTIONED IN THIS ARTICLE
Baltimore
Northern Central Railway
Atlantic Coast Line
United Railways
Seaboard
Baltimore City
Metropolitan Railway
Mount Vernon
Reading Dominates Philadelphia Prices on Jan 22
Reading contributed almost half of the day’s business with activity in United States Steel and other arbitrage issues. Prices remained weak with Rapid Transit dropping 25 points, Cambria Steel down 34, Electric Storage Battery off 1, and Lehigh Navigation trust certificates down 24 points on odd lots. Union Traction 114, United Gas Improvements, and West Jersey and Sea Shore 1. The Tonopahs were steady.
MENTIONED IN THIS ARTICLE
Philadelphia
Reading
United States Steel
Cambria Steel
Lehigh Navigation Trust
Union Traction
United Gas Improvements
West Jersey & Sea Shore
Iron and Steel Market Sentiment and Prices Cited
The Iron Age notes sentiment on lake ore prices for the coming season and potential early settlements. Producers in key districts willing to accept $1 to $1.50 per ton less to set the market. Furnaces operate at about half capacity with gradual improvement expected. Iron Trade Review cites quiet markets with some small purchases and a Steel Corporation stock drawdown of about 156,000 tons since December 1. No major new business in finished lines. price ranges include $12 to $13 for various iron types in certain regions.
MENTIONED IN THIS ARTICLE
Iron Trade Review
Steel Corporation
South
Birmingham
Bessemer
Atlantic Mutual approves $1 314 008 scrip for May 5 payout
Trustees authorize payment of 1 314 008 dollars in scrip certificates to policy holders on May 5. The issue equals about 40 percent of 1907 premium receipts and represents the year's surplus profits.
MENTIONED IN THIS ARTICLE
Atlantic Mutual Insurance Company
New York
The
Bondholders Told Of Redeemed Debentures By Turner Co
J Spencer Turner Company announces redemption of Six Per Cent Debenture Bonds dated February 1, 1906. Listed bond numbers will be paid at par and accrued interest on February 1, 1908 at New York City offices or Continental Trust Company in Baltimore. Interest ceases on the redemption date.
MENTIONED IN THIS ARTICLE
G. Stanton Floyd-Jones
Herbert L. Griggs
Clement A. Griscom
Anson W. Hard
Morris K. Jesup
Lewis Cass Ledyard
Francis H. Leggett
Charles D. Lever
J. Spencer Turner Company
Worth Street
New York City
Continental Trust Company
Baltimore
J. Spencer
Turner Company
T. M. Turner
First National Bank
People’s Bank
Mobile
Alabama
C. D. Willoughby
Ala
W. Little
M. P. Inge
Mobile City Bondholders
North British and Mercantile Insurance annual stockholders meeting
The regular annual meeting of stockholders will be held Thursday January 9 1908 at 12 o'clock noon at 76 William Street New York City. Election of directors and inspectors and other business. Polls open until 12 20 P M. Secretary J F Hastings. Second note shows Ferment Co meeting at 122 Hudson Street New York City on Saturday February 8 1908 at 3 P M for directors election and other business. Howard S Neiman Secretary.
MENTIONED IN THIS ARTICLE
Waterbury Company
Waterbury Co
New Jersey
Frank Morgan
Amalgamated Copper Company
Broadway
New York
A. H. Melin
Pacific Bank
Brodway
C. Merwin
United Cigar Manufacturers Company
Second Avenue
Borough of Manhattan
New York City
Maurice Wertheim
Jiction
Sd Imls
Consolidated Gas Company OF
Irving Place
Polla
Thar
R. A. Carter
John H. Wiemers, Inc
155
Spring Street
Borough of
Manhattan
City of New York
Maier K. Lang
Eee
THE
United States Leather Company
Niga
Fred E. Knapp
J. B. Manix CO
Church St
Chas. T. Letson
Becy- Central Leather Company
Corn Exchange Bank
David Bingham
Thomas T. Barr
William A. Nash
Howland Davis
Clarence H. Kelsey
Leonard J. Busby
Wm. Rhinelander Stewart
William H. Nichols
Walter BE. Frew
Wiliam F. Havemeyer
James McGovern
George H. Southard
Henry Schaefer
Myles Tierney
Anson R. Flower
Jacob Langeroth
Edwin H. Peck
Frederic J. Middlebrook
William A. Avis
William A Nash
Walter BE. Drew
F. T. Martin
Cashter
North British & Mercantile Insurance Company of
William Street
J. F. Hastings
Fi4 Ferment Co
Hudson Street
Notarized Acknowledgments in New York Dec 1 1907
The document records acknowledgments by LEMUEL C. BENEDICT ROBERT A. DRYSDALE RICHARD GOOD WIN and JAMES McGOVERS before notary CHAS L THATCHER in New York County. Richard Goodwin swears he contributed cash one hundred thousand dollars as James McGovern the special partner in the limited partnership certificate.
MENTIONED IN THIS ARTICLE
Lemuel C. Benedict
Robert A. Drysdale
Richard Goodwin
James McGovern
Newark
Benedict, Drysdale & CO
County of
New York
Borough of Manhattan
State of
New York Stock Exchange
Ill
Essex Bote
City of New York
Montclair
New Jersey
Halsey Street
Borough of
Brooklyn
City New York
City
Richardd Goodwin
State of New York
New
Lote
James McGovers
Chas. L. Thatcher
Notary Public
N. Y. Co
City and County of New York
James MceGovern
Also Mentioned on This Page
Wall Street
Europe
Pennsylvania
Idaho
Call Money
Morgan Holdings
Farmers’ Loan and Trust Company
Fifth Avenue
London
Bishopsgate St. Within
Rue de Richelieu
Brooklyn Trust Company
Montague Street
Fulton Street
Wall St
City of
United States
Cor, Wall and Williams Sts
Exchange Place
Real Estate Reserve Fund
Gustav Amlinck
Francis M. Bacon
John N. Beach
William B. Boulton
Vernon H. Brown
Waldron ‘P. Brown
Joseph H. Chapman
John Claflin
George C. Clark
Cleveland H. Dodge
Cornelius Eldert
Richard H Ewart
Aven
a.NrdRp
E.cobb
Nicholas F. Palmer
Henry Parish
Dallas B. Pratt
George W. Quintard
A. A. Raven
John L. Riker
Douglas Robinson
Gustav H. Schwab
William Sloane
Isaac Stern
William A. Street
Charles F. Fay
Houston & Texas Central Consolidated Mortgage Bonds
Sevenvattinguleas Fc
Bor
Houston , Texas Central Railroad Co
R. S. Lovett
Nevada
Fred. R. Jones & CO
Broad ST
Broad
West Lees
Pressed Steel Car Company
N. Y
James M. Lambing
Ass't Treas
Green Bay & Western Railroad CO
New York Times
Maryland
Wee
A. Cc. Li.sone
A. Co L. Wee
Ctfs
Cal
Aug. A
West Va
St. Ry
Metropolitan
Ry Fs. Lk
Richmond Traeds
United Rys
United Rys. Inc
Northern Central
United Rus
Union Bank
Houston
Atchison Copper
Penn
Bell Tel
Brooklyn Rap
Tran Wee
Lee
Erle Weer
Lehigh Valley
Lehigh
Little Schuylkill
Marsden Co
Phila
Rap
Phil Traction
Tonopah Belmont
Wears
Warwick Steel
Sonee
O West Jer. & & S
B. Westmoreland
Iron and Steel Notes
Atlantic Mutual Issues Scrip
Eagle Savings and Loan CO
Remsen ST
Borough Hall
Guaranty Trust Co. OF
Nassau ST
Lombard ST
D. C
John W. Castles
Bryant
Wile Guarantee Trust Co
Sniffen
Wray Cleveland
Arthor Terry
Ai Oe
Edgar L. Marston
William J. Mathesos
Charles Matlack
Robert Olyphant
Cherles
Peabody
Frederick Potter
Charles Richardses
Henry- Roth
Jacob H. Schi
James Speyer
Fenford H. Steele -Ellis D. Williams
Indmuller
John Jacob Astor
Frank Batley
Edward T. Bedford
Charles §. Brown Julies T. Davies
William M. Ingraham Augustus D. Juilliard
Martin Joost
John 8. Kennedy
Woodbury Langdom James D. Lyne Ranald
H. Macdon Jemesa H. Manning Lew
FranklinSoci
Board of Directors
Chicago, Rock Island & Pacific Railway Company
Amsterdam
Frankfort
Berlin
New York State
Treasury Department
Washington
Pine Street
Speyer & CO
Trust Company OF America
Colonial Branch
Gresham ST
E. C
Westinghouse Electric & Manufacturing Company
Bankers Trust Company
First Trust ‘and Savings Bank
Chileago
First National Bank of Pittsburgh
Pittsburgh
National Shawmut Bank
Boston
Mass
James N. Jarvie
A. G. Becker
Richard Delafield
Charles A. Moore
Neal Rantonl
F. H. Skelding
Albert I, Wiggin
Albert Stickney, JR
Firet National Bank
Mobile City
Retwen
Zis
Banks and Trust Companies
Fidelity Bank
Madison Avenue
75Th ST
Thomas P. Fowler
Hugh J. Grant
Edward S. Harkae Seth
M. Milliken
W.v
Edward
Peaslee
B. Aymar Sands
Mortimer L. Schiff
James Stillman
Eric P. Swenson
Horne
Edward H. Peaslee
Eugene W. Dutton
Ernest A. Henderson
Office OF Title Guarantee and Trust Company
Henry Rot
William M. Ingraha
Joanes
Frank IL. Sniffen
Brooklyn Banking Department
John W. Shepard
Nelson
Simon
Horace Anderson
David Blank
J. Wray
Iveland
Lincoln Trust Company
Frank Tilford
Frederick Phillips
Howard S. Neiman
Copartnership Notices
FT. Moninec
N. C
Depot Quartermaster
St. Louis
Chief Quartermaster
Chicago
U. S
Ernest R. Tileton
Q. M. Joe
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