Wall Street Sees Strength Amid Setbacks in Market
After a day of solid absorption of offerings the market showed strength driven by professional buying. Brokers warned against overcautious commitments while noting a Bearish tip on Baltimore & Ohio was unfounded as the stock advanced. Smelters and Amalgamated Copper sparks fueled talk of a potential industry tie up, though financing for a Western industrial project was deemed premature.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio
Amalgamated Copper
Amalgamated Companies
Harriman Forces B and O to Maintain Dividend Despite Loss
The Baltimore and Ohio directors kept the 6 percent common dividend for the half year, drawing about $1.3 million from surplus to cover short earnings. Harriman, as largest shareholder and director, is credited with pushing to retain the rate amid Wall Street debate. Union Pacific exposure would suffer under any cut.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio
Wall Street
E. H. Harriman
Harriman
Union Pacific
Oregon
Road
Baltimore & Ohio Railroad Company
McIntyre & Co Schedules Reveal Large Insolvency
Bankruptcy schedules filed by Edward T White of McIntyre and Co stock brokers list liabilities of 1 588 426 with unsecured 1 550 981 secured 31 945 and wages 3 500. Assets total 1 184 089 including cash notes office furniture accounts stocks and bonds seats in exchanges and collateral deposits.
MENTIONED IN THIS ARTICLE
T. A. McIntyre & Co
Broadway
Edward T. White
Notable City Finance and Transport Leaders Elected
Drayton Burrill of John H. Jacquelin & Co is elected a member of the Stock Exchange. George A. Hurty of Henry Clews & Co seeks Cotton Exchange membership. Clarence J. McQuaig of Montreal becomes a director of the Tri City Railway and Light Co. Schwab, abroad with Archibald Johnston of Bethlehem Steel, expected home Saturday. Columbia Bank moves to 507 Fifth Avenue. The 1908 edition of American Street Railway Investments, a key reference on over 1,500 U S and Canadian street railway entities, is issued.
MENTIONED IN THIS ARTICLE
Drayton Burrill
John H. Jacquelin & Co
Stock Exchange
George A. Hurty
Henry Clews & Co
Clarence J. McQuaig
Montreal
Tri- City
Raiilway and Light Company
Charles M. Schwab
Archibald Johnston
Bethlehem Steel Corporation
Columbia Bank
Forty-third Street
11Th Avenue
Fifth Avenue
United States
Canada
Stockholders to Run Road after Lease Reversal
The Protective Committee of Central Park North East River Railroad stockholders, owning 12,000 of 18,000 shares, nominates 12 candidates for the board. They emphasize stockholder representation to refit, re equip, and operate the road for their sole interest after lease cancellation to the Metropolitan system.
MENTIONED IN THIS ARTICLE
Central Park, North & East River Railroad
Howard C. Brokaw
John T. Pratt
John W. Castles
Alexander J. Hemphill
Ellis Ames Ballard
George W. Elkins
Tracy Dows
George S. Coe
Edward C. Smith
E. H. Kh. Belcher
James A. Macdonald
Frank Curtis
George W. Linch
Protective Committee
European Markets Report From London Paris and Berlin
London stocks rise as Irish loan data boosts American securities. Wall Street demand supports gains with bear covering early. Bank of England discount holds at 2 1/4 percent as Consols drift dull. Paris and Berlin show firmer prices with franc and rente movements noted amid mixed exchange.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
American Securities
Wall Street
Bank of England
Mining Stocks in London Quotations for American Mines
London market quotations for American mining stocks reported yesterday show Camp Bird at 0 13 0 and Esperanza at 1 11 0. Dolores at 1 10, E. Oro at 6 3, Ratton's Ind at 0 1 with other values noted in the London session.
MENTIONED IN THIS ARTICLE
London
Bank of England weekly statement shows declines across reserves
The Bank of England reports a weekly decrease in total reserve of 615000 pounds with falls across circulation bullion and securities. Other deposits and public deposits drop significantly while notes reserve and government securities shrink. The reserve to liability ratio rises to 49.23 percent from 44.47 percent.
MENTIONED IN THIS ARTICLE
London
Bank of England
Imperial Bank of Germany reports weekly balance shifts
The Imperial Bank of Germany's weekly statement shows cash in hand up 40,586,000 marks while loans fall 76,532,000 marks and discounts drop 114,738,000 marks. Treasury Bills rise 9,622,000 marks. notes in circulation decline 125,727,000 marks. deposits rise 28,890,000 marks.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Bank of France weekly statement shows mixed shifts
Paris July 9 report details changes in circulation and deposits. Notes in circulation fall 28.775 million francs while Treasury deposits rise 8.5 million. General deposits drop 58.675 million. Gold on hand up 23.125 million. silver down 3.10 million. Bills discounted slide 187.65 million and advances fall 1.65 million.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Treasury
Trustee for Coster firm named to administer affairs
William A. De Long chosen as Trustee for the failen Stock Exchange house of Coster Knapp & Co following the death of partner Charles Coster. Creditors’ meeting at Peter B. Olney’s office revealed claims totaling about 1.5 million dollars. Notable claims include Henry J. Braker 225000 cash and 600000 for conversion, William Littauer 35000 cash and 200000 for conversion, and William Kittredge 103000 for conversion. A claim for 380000 by Mrs Anthom was announced. Receiver Werner reported 9500 cash on hand and minimal securities. Creditor outlook described as very poor. The hearing was adjourned to July 16.
MENTIONED IN THIS ARTICLE
William A. de Long
Failen Stock Exchange
William Littauer
William Kittredge
Anthom
Charles Coster
Werner
Delaware & Hudson Bond Plan Cut by Public Service Panel
The Public Service Commission for the Second District reduces the Delaware & Hudson refinancing plan from 20 million to 13.276 million, allows 6.5 million more for other refunding, and disallows 2.5 million for a subsidiary coal venture. It defers ruling on notes tied to notes funding and stresses proper capitalization and supervision. The panel sets a 4 percent rate and a minimum sale price of 95 for the new bonds, citing the road’s strong condition.
MENTIONED IN THIS ARTICLE
the Public Service Commission For
Second District
Delaware & Hudson Company
United Traction Company of
Albany
Troy & New England Railway
Public Service Commission
Commission
Delaware & Hudson
Coffee Market Opens Steady With Substantial July Exchange
Coffee opened yesterday with net steady prices and minor gains. Total sales reached 15 250 bags with 250 July for Fete trading at 5 points and 4 000 bags July 1909 at 6.05. Havre closed lower and Hamburg showed September 4 off others unchanged. Warehouse deliveries moderate and Rio plus Santos receipts were fairly full.
MENTIONED IN THIS ARTICLE
Uly
Havre
Hamburg
Rio
Santos
Colorado Mining Stocks Closing Quotation Update
Special to The New York Times reports Colorado Springs stock quotes on the local exchange. Listings include Dante versus Elkton Isabella Portland El Paso Vindicator Rawlings and Work with bid and asked prices shown, though several figures appear jumbled.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Foll
Dante
Isabella
Elkton
Bes
Portland
el Paso
Rawlings
Texas Prospero Again Brightens State Economies
New Yorker Charles D. Dickensheets reports Texas recovery with banks largely untouched by stringency aside from private House bank. Houston plants run full, car wheel factory and camel hair cloth plant busy. 1,100 workers rehired, eight shops reopened. Oil fields opened, oil price down, fuel shifts save railroads. beef cheap, cattle prices strong, cotton and rice crops seen large. promising crops across Pasadena and Northern Texas.
MENTIONED IN THIS ARTICLE
Texas
Charles D. Dickensheets
Houston
International Board of Foreign Trade
Wall Street
T. W. House
Union Bank and Trust Company
Kirby Lumber Company
Santa Fé Pacific
Southern Pacific Railroad
Southern Pacific
New York
Pasadena
Bermuda
Wilsons Assets Postponed in Bankruptcy Case
Final accounting in the William Wilson bankruptcy, tied to his chain of drug stores including Times Square, is delayed until asset recovery. Trustee Solomon J. Frudenheim reports a lease on 110 Liberty Street assigned to John A. Jacobsen, then sold to Gustav Von Glahn for 7500, with alleged pre bankruptcy transfer. Referee Coxe cites a conspiracy and orders repayment, Jacobsen missing and further actions pending. An action against John A. Crittenden Company seeks return of 10000 as a preferential payment. Wilson’s total deficiency around 5000 remains unresolved.
MENTIONED IN THIS ARTICLE
William Wilson
Times Square
Solomon J. Frudenheim
Nassau Street
Frudenheim
Wilson
Liberty Street
John A. Jacobsen
Jacobsen
Gustav von Glahn
Macgrane Coxe
Coxe
John A.crittenden Company
Clambake For Traffic Men In New York Harbor
The Traffic Club of New York will hold a clambake at Witzel's Point College Point with a special steamer leaving Pier 8 East River at 1 AM. Luncheon on board, a five inning baseball game between Industrials and Railroad and Steamship teams at noon, and athletic events at 2 PM. Prizes distributed at 5:80 PM before the return.
MENTIONED IN THIS ARTICLE
New York
Ohio River
Witzel's Point
College Point
Pier 8
East River
East Thirty-first Street
Industrials
Railroad and Steamship
H. L. Derby
Industriall
L. C. Bostwick
Railroad and Steamship Nine
A. F. Mack
R. ‘Enbrook
C. Keene
J. F. Anderson
Harry D. Vought
Lyman McCarty
London and Paris Addresses Noted
Readable line lists London address 16 Bishopsgate St Within and Paris address 41 Boulevard Haussmann, noting two locations.
MENTIONED IN THIS ARTICLE
London
Bishopsgate St
Within
Paris
Boulevard Haussmann
Baltimore & Ohio declares dual dividends for 1908
The Baltimore and Ohio Railroad announces a 2 percent dividend on Preferred Stock for the six months ending June 30 1908 and a 3 percent dividend on Common Stock from surplus earnings, both payable September 1 1908 to stockholders of record August 1 1908. Books will not close.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio
Baltimore & Ohio Railroad Co
Baltimore, Md
Co. W. Woolford
Greenwich Savings Bank 8. B. Cor
6Th Ave
16Th &T
Chambers St
Nerannum
Totten
Orge BB. Dunsing
H.e.tener,jr
Kansas City Southern Railway Declares Quarterly Dividend
The Kansas City Southern Railway at 0 Broad Street New York declares a quarterly dividend of one percent on preferred shares from surplus earnings for the current year. Payable July 15 1908 to stockholders of record at 3 PM June 30 1908. Checks mailed to addresses on file with the Transfer Office. f R B Sperry secretary.
MENTIONED IN THIS ARTICLE
Electric Bond and Share Company
New York
H. M. Prarcis
Reel Wells
Fargo &Company
Proadwart
New-York
A. W. Zimmermann
Barnhart Type Foundry Company
Lafayette Street
Manhattan
City of New York
Charles R. Murray
Kansas City Southern Railway
Broad St
F . R. B. Sperry
International Navigation Company
Fidelity Trust Company
Chestnut St
Philadelphia
Ane
Sinking Fund
International Navigation Companys
Fidelity Trust -Company
Also Mentioned on This Page
Baltimore
OLD B
Minority Counsels
McIntyre & CO
Financial Notes
Central Park Line
Rapid Transit
Union Traction
Cambria Steel
M. & St Penwick
Elec Co
Mech. Nat
Mech. Nat. B
Doty
Lake Superior
Lehigh Valley Seaes Aes Weg
Lehigh Navy T. C
Pennsylvania
Pemnsylvania Sail Co
Kiladelphia Electric
Philadelphia Rap
Philadelphia Tractio
Foreign Public Securities
Ollowing
Saxony
Cca
Cologne
Murch
Ausshure
Vienna
Frankfurt-A-M
Beesae
Bae Asea
N.Y. N.Y
Don Clos
Ee. Equiv
Atchison
Canadian Pacific
St. Paul
St Erie Secese
Erie
Illinois Central
Louis & Nash
N. Y. Central
Reading
U S. Steel
Eeee
Onl
U. S. Steel
Pf Cs
Bank of Germany
Coster Firm
W. A. de Long
San Francisco
Kentucky
Covesee Eeree Andes
Mexican Belcher Sees
Occidental
Rest & Belcher
Ophir
Ovverman Secaceeees
Hyaledonia Stereos
Potosi
Belcher
Sierra New Cace
St Louis
Cal & Va
Imperial
Union
Crown Point
Utah Cor
Gould & Ne
Hale & Norcross
Telegraph
Tonopah
Goldfield
Belmont
Lone Star
Jim Butler
Mohak
Ant MacNamara
Sandstorm
Midway
St. Ives
Montana
Tonopah Exten
BULL
West End
Adams
Atlanta
Montgomery Mount
Pittsburg
Yazoo
Mississippi Valleypittsburg
Crucible Steel
Har.-Walker
Ind
Brewing Pf
Ohio Fuel Ae Steeee
Pittsburg Brewing Pt
Pittsburg Con
Pittsburg Plate Glass
River Coal
Wheeling & Lake Erie
Union Switch
S. Steel
S. Steel P
Westinghowss Air
Pitts
Brewing
Sues
The
Seetess Eeee
Weseres
Muy
Marchi
Aeweeeeess
Eemreaeeses
Ceccesaabecs
Jung Ceeceeeseues Eese
Colorado
Witzel’s Point
the Farmers’ Loan and Trust Company
William Street
Lehigh Valley Railroad Company
WM. C. Alderson
F. L. Schafuss Company
36Th St
Brooklyn
F. S. Betts
Sec
Wall Street Journal
Rich Seven Troughs
Nevada
Cedar Street
8Th Ave
Chesapeake & Ohio Railway Co
First Consolidated
Cincinnati
Ohio
Old Point Comfort
Atlantic Seaboard
Emilee
Muhes
Nassau St
Moffat & White
Bankers
Franklin
Edwin Packard Darwin R. James Wiliam H Wallace Joseph E. Brown
Albro J. Newton Crowell
Hadden
H.E. Pierrepont
George M. Olcott
George H. Southard
Robert B. Woodward
Stewart L. Woodford
George H. Prentiss
Henry C. Hulbert Gates D. Fahnestock
William G. Low Lowell M. Palmer
Charles , Peabody
Francis M Jencks
Executive
Edwin S. Marston
William H. Wallace
Charles A. Peabody
Arthur King Wood
Gates D. Fahnestock
George H. Southard, Jr
New York City
Montague St
Broadway Manhattan
Edward S. Harkness George Frederick Victor William B Lane, M. D
Wiliam Allen Butler, Jr
Hugh D. Auchincloss
Moses Taylor Pyne
Charles J, Peabody Arthur King Wood
Clinton W. Ludlum
Frederick W Richt
Henry C. Low, Jr
Thornton Gerrish
Jonathan B. Duparey
Epward Shore
Northriver Savings Bank
W. 34Th St. Bet
Samuel D. Styles
Frederick N. Cheshire
Charles F. Turton
Bryan
British Columbia Copper Cumberland Ely Dolores Limited
Giroux Consolidated Goldfield Consolidated
Guggenheim Exploration
King Edward Miami Copper Mines Co. of America
Nevada Consolidated Nipissing
Orphan Copper
Tri Bullion
United Copper
Fidelity Fire Insurance Co
Continental Fire Insurance Co
Fourth National Bank
Oscar Bamberger
Broad Street
Ens
Union Trust Company OF New York, Truste
INTER
NEW York Savings Bank
In. W. Cor
14Th St
Sth Avenue
Weerzrerrax
Wsischwe
EL Singer
James L. Wandling
Archibald. M. Pentz
ES Quinlan
LES Ne Treas
R, & N Rob Secretaries
CIS
M. Bacon
Union Square Savings Bank
Merchaants
Anne Mloo
Frank M Hurelru
H Rockwood
W. Emglen Roosevelt
Citizens’ Savings Bank
Rgwery. Com
Canal ST
Mener
Henry Hasler
Henry Ssyler
Emit
Hitber
Union Time Savings Institution
Avenu Greeley Square
Charles E. Sprague
Francis M. Leake
William G. Ross
East River Savings Bank
Wits
Deposi
Dha Sve- Dick & Ramsay
Chs
A. Whitney
Park Plac
H. F. Hutchinson
Sthot
Wade
O Aly
Bites
L. A. Stuart
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