Gossip and Union Pacific Rumor Drive Mixed Wall Street Moves
Active rumor and selective optimism shape a volatile session on Wall Street. Analysts note profit taking amid uneven strength as Union Pacific earnings loom and speculative chatter hints at abroad bond placements. Brokers doubt lasting gains, while private dispatches suggest improving conditions and possible mill reopenings.
Pennsylvania Company Meeting Report Highlights 1907 Earnings
The Pennsylvania Company submits its 1907 report showing gross earnings of 51,887,482.54, up 5,300,626.32 from 1906, operating expenses 36,935,628.82, up 4,045,500.43, and net earnings from operation 14,401,803.72, up 1,254,125.89. Tonnage rose by 7,541,000 tons and passenger numbers increased significantly.
MENTIONED IN THIS ARTICLE
Pennsylvania Company
Banks Plan Now for Relief Currency
National banks in this city plan to organize as a currency association under the Aldrich Vreeland law. The move aims to prepare emergency circulation while avoiding signs of financial distress. Banks expect reduced bond secured circulation and debate whether interest on government deposits is required under the new act.
MENTIONED IN THIS ARTICLE
Paine
Brolgers
Tim
Aldrich-Vreeland
Cail
New York Clearing House Association
Congress
New -York Clearing House
Clearing House Committee
Opdyke, Ladd & Bristow
New York Clearing House
National City Bank
United States
Closing quotations on the local Exchange in Colorado Springs
The New York Times reports Colorado Springs quotes for Elkton Isabella El Paso Rawlins Findlay and Vindicates with bids and asks noted. Prices appear as fractions and percentages reflecting market activity today.
MENTIONED IN THIS ARTICLE
New York Times
Colorado
Springs
Col
Elkton
Isabella
el Paso
Mac Kinney
Rawlins
Orient A
Findlay
Steel price cuts by major producers stabilize market
United States Steel and allied manufacturers led a price reduction in bars from 1.00 to 1.40 per hundred pounds and lowered small shapes in step, aiming to hold demand from smaller firms. Chairman Gary stressed overall prices won’t decline and that the move targets retaining business previously lost to smaller concerns.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Carnegie Steel Company
United States Babel Corporation
Lackawanna Steel Company
Associated
E. H. Gary
Siberian
Smail Lois
Steel price cut reduces bar steel to meet competition
Cleveland June 2 A four dollar per ton cut in bar steel went into effect immediately. John R Scott of Carnegie Steel confirmed the move, tied to the Pittsburg rate of 1.60 per hundred pounds, new price 1.40. The change affects manufacturers stock and may trigger further reductions in bar iron billets and plates as prices readjust.
MENTIONED IN THIS ARTICLE
Cleveland
New York
John R. Scott
Carnegie Steel Company
Pittsburg
United States Steel Corporation
Iron Trade Review
Cotton Market Sees Gains After Government Acreage Report
The cotton market rose after the Government June acreage and crop report, closing up 20 to 33 points. Daily sales were about 850,000 bales with a steady opening. prices ranged across futures with varied highs and lows. Local spot cotton traded quietly at 11.50 cents mid upland and 11.75 cents middling Gulf amid mixed Southern market signals.
MENTIONED IN THIS ARTICLE
Gulf
Savannah
Norfolk
Augusta
New Orleans
Memphis
Financial notes from the annual stockholders meeting
At the annual meeting of Central and South American Telegraph Company stockholders retiring directors were re elected. Anson V W Hard Jr joined the firm Taylor Smith Evans. American Telephone and Telegraph bonds were admitted to quotation. United States Trust Company directors re elected. Speyer Co reported European subscriptions to National Railways of Mexico bonds near fourteen million pounds. W Emlen Roosevelt became vice president of Mexican Telegraph replacing Charles Lanier who resigned. United Cigar Stores officers elected president George J Whelan and a slate of officers including Louis Biel Edward Wise and W J Posey.
MENTIONED IN THIS ARTICLE
Anson V W. Hard, Jr
Stock Exchange
Taylor, Smith & Evans
American Telephone and Telegraph Company
The
United States Trust Company
Speyer & Co
Speyer Brothers of London
National Railways of
Mexico
Mexican Telegraph Company
W. Emlen Roosevelt
Charles Lanier
Lanier
United Cigar Stores Company
George J. Whelan
C. A. Whelan
H.&. Collins
Louis Biel
Edward Wise
F. A. Whelan
W. J. Posey
John F. Whelan
Elliott Avsrott
R. B. Wattley
G. A. Whelan
H. S. Collins
Elliott Averett
F. A. Ree
Edward Wiss
Louis Fel
W. T. Posey
London and Paris addresses listed for unknown context
The note provides two street locations, 18 Bishopsgate Street in London and Boulevard Haussmann in Paris, without accompanying event details, dates, or entities. The fragment suggests contact points or offices but lacks a narrative or outcome to report.
Lost Trow Directory printing stock certificate notice
Notice to show cause why duplicate stock certificate should not be issued for five shares in the name of Edward Felix Stephens. Frances Martin at 728 Flatbush Avenue Brooklyn N Y is the contact.
MENTIONED IN THIS ARTICLE
Trow Directory Printing and Bookbinding Company
Edward Felix Stephens
Frances Martin
Flatbush Avenue
Brooklyn
N.Y
United States Steel
H. Nathan & Yrjung
Leon Brothers
Foster & Braithwaite
Austin Idriars
London
England
Delaware and Eastern Construction Co forms to rival D H
The Delaware and Eastern Construction Company, formed in Albany, is incorporated with $200,000 capital. Directors include William Sibbert and D Fleurenstein of Brooklyn and William C Relvea of New York. The firm plans a coal carrying Delaware and Eastern Railroad from Wilkes Barre to Schenectady, over the Delaware and Hudson.
MENTIONED IN THIS ARTICLE
Albany
N. Y
Delaware and Eastern Construction Company
William Sibbert
D. Fleurenstein
Brooklyn
William C. Relvea
New York
Delaware and Eastern Railroad
Wilkesharre
Schenectady
Delaware and Hudson
Grain and Provisions Report Shows Mixed Wheat and Corn Moves
Bullish sentiment rose on rain damage reports in the Southwest. Liverpool Berlin and Budapest markets moved, with a 250 000 bushel decrease noted. Minneapolis stock weak and primary receipts about half of last year. Export base 20 loads reported. No 2 red wheat values listed for New York and Duluth. Corn outlook firmer as receipts at interior points shrink versus last year.
MENTIONED IN THIS ARTICLE
Liverpool
Berlin
Budapest
Minneapolis
New York
Northern
Duluth
Chicago
Teigo
Second Mortgage Bondholders Extend Deposit Deadline to July 1 1908
The International and Great Northern Railroad Company announces most second mortgage bonds are deposited under the March 2 1908 agreement and that Farmers' Loan and Trust Company certificates have joined NYSE lists. The period to deposit is extended to July 1 1908 and later deposits are at the committee's discretion with penalties as fixed by the committee. Dated New York May 28 1908.
MENTIONED IN THIS ARTICLE
United States Circuit Court
Eastern District of
Pennsylvania
Lehigh Valley Traction Company
Guaranty Trust Company of New York
Guaranty Trust Company OF
New York
Nass
Serepat
Central Trust Company OF
OLD Colony Trust Company
Boston
Cosit
J. N. Wallace
Paul Morton
Haley Fiske
Harry Bronner
Myron T. Herrick
Gordon Abbott
Geo. P. Butler
Water Works
Johnson City Water Works Company
Johnson City
Tennessee
Baltimore Mercantile and Trust Company
Baltimore
Tenn
Watausa Water Works Company
Tennesse
Johnson Cityater Works Company
R. Cc. Sauls & Sons
James Building
Chattanooga
Farmers’ Loan and Trust Company
New York Stock Exchange
Mark T. Cox
Edgar L. Marston
John W. Hammer
W. Emlen Roose
Henry K. Pomroy
Thee. C. Strong & Cadwalader
Butte Coalition Mining Company Reports 1907 Results
The Butte Coalition Mining Company for the year ended December 31 shows total income of 1,493,345 with a gain of 468,631 from the prior year. After taxes and costs, net income stands at 1,461,465 and year end balance at 1,456,367. Dividends paid reach 1,650,000, up 850,000 from 1906. Mining output includes 19,416,377 pounds of copper, 444,809 ounces of silver, and 2,480 ounces of gold.
MENTIONED IN THIS ARTICLE
Butte Coalition Mining Company
Cxases
Regular Auction Sale of Stocks and Bonds
Auction sale conducted by Adrian H Muller & Co. on Wednesday at noon. List includes Metropolis Bank stock, various railroad bonds, Metropolitan Street Railway, Wabash, Central Hudson, Chesebrough Building, Broad Exchange, and many other securities. Also covers assignment of interest of W & Partridge and related guarantees.
MENTIONED IN THIS ARTICLE
Raterus J. McCormackh
Adrian H. Muller
Bat
OFFIC
E“ NO. In
Metropol
ORDEL
Mary W. W
Baltimore & Onio ER. R
Leuigh & N. Y
Toledo
Waihonding Valley& Ohio
Central Hudson
Steamb Co
Chesebrough Huilding
Broad Exchange Co
Common
Mutual Trust Co
Larchmont National Beak
Colonial Assurance Co
Broadway Building Co
Westchester & Bronx Tle & Mtge
Guarantée Co
Halley Land & Improvempent Co
Fresnilo Mining Co
Astor Trust Co
Ursine Coal Mining Co
Candelaria Gold & Stivey Mining.Co
Tontine
Gilchrist Co
Gilchrist
Central & So
American Tel. Co
Realty Co
Union Transfer Co
Phiadelphia
Santa Fe, Raton & Eastern R.R
Texas Pacific R. R
National Tank of Commerce
Mercantile Trust Co
Ohic
Indianapolis
Southville Ptd
International
Metropolitan Trust
Citizens’ Central
Citizens
Central
Navy Arch &He
Lake Shore & Mich
Gulf States Investmen Co
Carnegie Trust Co
Wyoming Valley Gas
Montana Central R.R Gold
Amalgamated Copper
General Eleectrie Co
United States
Mtre. & St Co
Chie
Rock Island
Acific RB. R
Fort Dodge R. R
American Beet Sugar Company declares stock dividends
The board declares a preferred stock quarterly dividend of one and a half percent payable July 1 1908 to holders of record June 20 1908. Cheques mailed. J E Tucker treasurer. Also a four percent dividend on common stock payable July 1 1908 to stockholders of record June 24 1908, H D Babbitt secretary and treasurer.
MENTIONED IN THIS ARTICLE
American Car & A Newark Pfc. Capital Stock
Trust Company A
New York
U. S. DE Las WM
M. Hager
American Car & Foundt New York
Capital Stock
Trust Company of New York
WM. M. Hager
American Beet Suga Company
Nassau Street
J. E. Tucker
Thompson-Starrety
York
Wall Street
Pos H, D, Babbitt
Also Mentioned on This Page
Union Pacific
Europe
New England
Pennsylvania CO. Meeting
Telephi
Safe Investments
Ardmore
Okla
Chas. H. Jones & CO
Broad Street
White & CO. Bankers
Pine Street
John
S. Ss
G. Pf
Zs & W
Lake Shore
Pawan
Long Island
Mackay
Adams
Man
Beach
A. S
Ww. Co
D. Co
Ann Arbor
Ann
UN Gas
Ae Tel
Bruns
City
Beaey
B & Co
St East Canada
St . Pitts
Rens. & Ss
M & St J R
Rutland
Cy & S
St J & Paul
Jo & G Eee
Lice &S M & Om
Pt Cai
Etfs
Sen Ae
St Ee
C., & C Sears R
Teen
St. L
So. ‘Pac
iTexas
Tex. C
Consol
T. Brnte
Cuba
C.-M. Pf
U. Rys. In
R. Ae
Rand
Va -Car
Vulcan
F. Ae
L. KG
PE Ager
K&d. M
Chicago & At
Op. Inc
Galavaila
Colorado M Dland
Op Inc
Denver
Rio Grande
Other Inc
Detroit United Railway Company
Total Inc We T
A M
Flyus
Fort Ways & Walase Valley Traction
Oes Ee
Grand Trunk System
Grand Trunk Railway
Detroit
Gnd Haven
Milwaukee
Canada Atl Pee
Kanawha
Michiga
Mobile & Ohio
Nashville,chattanooga & ST. Louis
Norfolk & Western
Ceedere
Mos. Gros
Mos. Net.j
Toledo & Ohio Central
Mos
Mines Company OF
Rce
Eessecees
San Francisco
Hale & Norcross
Alpha
Becess
Kentucky
Andes
Best & Belche
Caledonia Challenge
Chollar
Savage
Confidence
Sag Belcher
Cess
Nevadt
Union
Cccces
Imperial
Aenes
Utah
Gould & Cu
Telegraph
Galafield Con
Belmont
Atlanta
Montgom
Renee
Diamondfieia
Steel Trust
Ary
Financial Notes
Central and South American Telegraph Company
the Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Bishopsgate St
Paris
Boulevard Haussmann
Brooklyn Trust Company
Brasch
Bedford Ave
Fulton St
Manhattan
Broadway
Wall St
Thomas T. Barr
Samuel W. Boocock
George W. Chaunee
William N. Dykman
William Hester
Francis L. Hine
Theodore F. Mill
William A. Jamis Frank Lyman Willis L. Ogden
Joseph E. Owens
John J. Pierre
Charles M. Pratt
David
Charles A. Schierean
Edward M. Shepa
J. H. Walbridge Alexander M. White Willis D. Wood
George G. Retsar
Anman
Hassall Street
Travellers Letters
Moody's
the National Investors’ Monthly
John Moody Editor
Nassau ST
Delaware and Eastern Construction Company Incorporated At
Grain and Provisions
H H
Low
Wabash Pittsburs Terminal Railway Company
Franklin
Babcock
Joline
Larkin & Rathbone
Butte Coalition Report
W & Partridge
Tal Stock
Church & Partridge
Wyckoff, Church & Partr
Natu
New Sy. Toolgy
Capi
Selser Exchange
West
Hth ST
New York City
Ch Bank
West 84Th Street
Horston
Chelsea
Dir
Irving M. Shaw
Anthony E. Sti
Une
Sea Exchange
Privon
Iten
Exchange Bank
A& i
Peters
Shawneetown
County of
Galh
Illinois
America
Broad St
Herbert Mildrum
St. N.Y
United States Casualty Company
Ind
SDSON
G. Luckett
Des Moines & Ei RR. Rhr. Co
Fort Dodge
Des Moines & Fort Dodge Railroad Company
Market Street
Third
Fourth Streets
Des Moines
Iowa
Walter 3. Crandeill
Ione NO
Close O Ey Books
Guaranty
Y Company
IEXD
Te Stoc Sholdusiness
the Guaranty
Tressurer