Wall Street Sees Mixed Signals From Crop Report Trade
The stock market first rallied then tumbled as the Government crop report drew varied interpretations. Winter wheat conditions and yield estimates were debated while Union Pacific and Reading drew attention amid rumors of Morgan interests buying. A gold transfer scene near a prominent corner added to the day’s bustle.
MENTIONED IN THIS ARTICLE
Union Pacific
Reading
Northwest
Consolidated Gas
General Electric
Financial District
Southern Pacific
Mr. Morgan
Morgan
Cotton Market and Weather in Cotton States Reported
The Federal Bureau forecast for Tuesday and Wednesday calls for showers in North and South Carolina with warmer fair weather in Georgia Florida Alabama Mississippi and Eastern Texas while Western Texas Oklahoma Arkansas and Tennessee see fair conditions. Cotton trading remained unsettled with thin activity and worries of a possible corner. June futures rose slightly while other months were mostly unchanged. Local spot prices held at 13.25 for middling upland and 13.50 for middling gulf with 200 bales sold. Southern markets showed mixed but steady results across Savannah Charleston St Louis New Orleans and Houston.
MENTIONED IN THIS ARTICLE
Washington
Federal Bureau
North
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Oklahoma
Indian Territory
Arkansas
Tennessee
Liverpool
Gulf
Savannah
Charleston
Augusta
St. Louis
Orleans
Wilmington
Houston
Iron and Steel Notes on Second Half Pig Iron Market
Rogers Brown & Co report a shift with many buyers planning purchases in the third and fourth quarters. Prices remain firm as furnaces hold back until late year orders, with Eastern Pennsylvania furnaces participating. Some spot iron appears at tempting seller prices while overall activity is quiet.
MENTIONED IN THIS ARTICLE
Rogers, Brown & Co
Eastern
Pennsylvania
Copper and metal prices ease on New York market
Copper prices fell in New York trading with per pound cuts across all grades. London quotes rose slightly for spot and futures, while pig tin and lead held firm or weak and zinc worsened amidst broad price shifts on metal exchanges.
MENTIONED IN THIS ARTICLE
New York Metal Exchange
London
Saben
Osee
Cosess
TAR Coscoxe Oes
City Ownership Report Delayed Public Release Promised
After a lengthy session at the Hotel Knickerbocker yesterday, the Municipal Ownership Commission's investigating committee, named by the National Civic Federation in October 1905, decided on its report terms. The commission will publish the contents within weeks, not before July 1 when full strength resumes. The document covers gas, water, electric lighting and power, and street railways, with visits to 29 US and 24 UK and Ireland plants. It will feature popular and technical sections, including conclusions, municipal condition reviews, expert reports, labor inquiry phases, and London conference verbatims.
MENTIONED IN THIS ARTICLE
Knickerbocker
Municipal Ownership Commission
National Civic Federation
United States
Great Britain
Ireland
London
Philadelphia
Chicago
Local Exchange Closing Prices Reported in Colorado Springs
Special to The New York Times reports the closing prices on the local Exchange in Colorado Springs, noting the day's values for stocks and commodities. Prices reflect end of trading activity and include key listings from the area.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Outside Securities Transit Drops Again in Active Market
The curb market shows weakness with most specialties retreating after a brisk opening. Manhattan Transit opens strong but closes at 6 after 10,000 shares traded. United Copper slides to 66 on 2,200 shares. Nevada Utah trades 5% to 5% and settles at 5 amid overall selling pressure.
MENTIONED IN THIS ARTICLE
United Copper
Manhattan Transit
Nipissing
Nevada
Owen
Am. Tobacco
Con. Steamship
Gumaraheee
Havana Tobacco
Manhattran
Meerschaum
Mall S
Standard Oil
Sing Waterbury
Cowee Ateee
Ice Co
Chicago
Barnes K. Dev
Bingham
Bonanza Creek
Boston
Brit. Col. Co. Butte Coalition
Butte & N
tCobalt Central
Col.-Leon
Davis-Daly
Dominion
Douglas Nee
Fly Central
Foster Cobalt
Giroux
Guanaf. Con
King Edward
Micmac G. M
Minecs Co
Ct i
Mitchell Acony
Nevada Smell
U. M
N. Butte E .Nip.- Mines. Co
Penn. Conanes
Hundred M
Phoenix
Port
Mon -Silver Queen
Stewart Mining
Tonopah
Trethewey
Eno
Tinton Mines
United
Allis-Chalm
Grand Jury to Probe Railroad Rebate Charges
Chicago June 10 Federal Grand Jury to investigate rebate charges against the Santa Fe Lake Shore and Michigan Southern Railroads. District Attorney Sims and Attorney General Bonaparte authorized the probe after a Washington conference. Three cases are involved, only one against Santa Fe, with Harvesters Trust civil not criminal. Express companies and franking privilege charges to be handled similarly.
MENTIONED IN THIS ARTICLE
New York Times
Chicago
Santa Fé
Lake Shore
Michigan
K. M. Landis
Washington
Edwin W. Sims
Bonaparte
Harvester Trust
City to Sell 29 Million in 4 Percent Bonds for Improvements
On June 28 the Controller will offer 29 million dollars of 4 percent coupon bonds to fund various improvements. The sale draws strong interest as New York City’s debt limit and real estate valuations shape borrowing capacity. The city’s bonded debt stands at 470 million, with land value used to measure capacity at ten percent of total real estate value.
MENTIONED IN THIS ARTICLE
New York City
Ayeres Ae
Fight New Haven Merger Before Railways Committee
Massachusetts interests opposed the Boston & Maine New York New Haven merger before the legislative Railroads Committee. Seventeen testify, led by L D Brandeis with a bill to block control by the New Haven and require disclosure of railroad finances. Hearings resume tomorrow as critics warn of stockwatering and loss of state policy.
MENTIONED IN THIS ARTICLE
Boston
Legislative Committee On Railroads
Boston & Maine Railroad
New York, New Haven & Hartford
Massachusetts
L. D. Brandeis
Robert Luce
Somerville
Mssachusetts
Brandeis
Lawrence
Boston & Maine
New Haven Railroad
New Haven Road
New Haven Company
New Haven
Supreme Court
D. J. Kiley
Democratic State Committee
Grenville
Macfarland
Independente League
William H. Lincoln
John F. Crocker
Boston Chamber of Commerce
James H. Vahey
Vanderbilt elected to Delaware & Hudson Board of Managers
C Vanderbilt, also known as D H Cornelius Vanderbilt, has been elected a member of the Board of Managers of the Delaware and Hudson Company, filling the vacancy created by Frank E Smith. Smith had been elected director earlier to fill Alexander E Orr’s vacancy. Vanderbilt's appointment strengthens ties with BE Harriman, with whom he is closely associated.
MENTIONED IN THIS ARTICLE
Cornelius Vanferbilt
Delaware & Hudson Company
Frank E. Smith
Vanderbilt
Mr. Smith
Alexander E. Orr
Mr. Vanderbilt
BE. H. Harriman
European Markets Report From London and Major Capitals
June 10 market round up shows money in fair demand with easy discounts on foreign exchanges. Stock Exchange limited by settlement, gilt edgeds firm, Bank of England gold arrivals at reduced price. American securities opened irregular, then firm on bear covering, later trimmed. foreigners quiet. Russians and Japanese imperials noted.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Bank of England
New York
Union Pacific
Madrid
Lisbon
Eid Ld
Spring wheat acreage and conditions reach 16.46 million acres
The Bureau of Statistics reports preliminary spring wheat sowing at about 16,464,000 acres, down 1,242,000 from last year. The June 1 average spring wheat condition is 8.7, against 93.4 a year ago and a ten year average of 93.8, with state by state acreage and condition details.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Statistics
Department of Agriculture
Minnesota
North Dakota
South Dakota
United States
Indiana
Missouri
Ohio
Nebraska
Illinois
Pennsylvania
Iowa
Wisconsin
Michigan
New York
Kansas
European Wheat Outlook Improves Across Europe
European wheat crop prospects show improvement in many regions though shortages persist. Hungary faces severe losses with an estimated 14.5 million quarters from 1906's 25 million, while Roumania and parts of Russia report uneven conditions. Spring sowings may recover with rains. Turkish and Bulgarian prospects vary. South Russia and Poland see rain boosts. Argentina and Australia report favorable weather.
MENTIONED IN THIS ARTICLE
New York Times Co
London
Europe
Hungary
Nornbusch
Bulgaria
Dnieper
Azoff
Crimean
Bessarabia
Padolla
Odessa
Russia
Poland
Iost
Grand Jury Begins Special June Term on Insurance Cases
District Attorney Jerome opened a special June Grand Jury yesterday to renew investigations into New York Life Insurance Company affairs. Treasurer oe was the sole witness. Jerome declined to disclose subjects under consideration.
MENTIONED IN THIS ARTICLE
Jerome
New York Life Insurance Company
American Mining Stocks Listed in London Prices
London yesterday received prices for American mining stocks including slinterval figures for Nilh Bird and other issues. The report lists varied quotational data with several unreadable entries reflecting market activity in mining shares traded in London.
MENTIONED IN THIS ARTICLE
London
aNilh Bird
Eeces Kb
Dividend declarations and transfer book actions from two early 20th century firms
The Kansas Are Railway announces a 4 percent preferred stock dividend for year ended June 30 1907 with payment July 1 1907 and transfer books closing June 10 then reopening July 10. Guggenheim Exploration Company declares Dividend No 18 a 2 1 2 percent quarterly payout payable July 1 1997 with transfer books closing June 15 1907 and reopening July 2 1907.
Sears Roebuck declares preferred stock dividend
Sears Roebuck Co announces a quarterly dividend of 1.76 per share on its preferred stock payable July 1, 1907, to records as of close of business June 15, 1907. Transfer books close June 16 to July 1, 1907. Transfer agent: Columbia Trust Co. A. H. Loeb, secretary.
MENTIONED IN THIS ARTICLE
Sears, Roebuck , CO
Columbia Trust Company
Nassau St
New York City
A. H. Loeb
International Nickel declares 1.5 percent preferred dividend
The Board of Directors of International Nickel Company declares a dividend of one and one half percent on the preferred stock for the quarter ended June 30 1907 payable August 1 to record holders at close of business July 19. Transfer books close at 3 PM July 10 and reopen 10 AM August 24. James L Ashley Treasurer New York June 10 1907.
MENTIONED IN THIS ARTICLE
Southern Pacific Company
Wrenerey
New York
A. K. van Deventer
Kansas
Railway
Broad St
Rece
B. Bperry
Guggenheim Exploration Company
Broadway
Guggenheim Explorao Company
Chas.ipman
Dividend Declared by United Traction and Electric Co
United Traction and Electric Company of Jersey City announces a dividend of one and one quarter percent on capital stock to registered holders. Payment will be on July 1, 1907, with transfer books closed on July 11 and reopened on July 2, 1907. Treasurer C. B. Sweetland signs the notice.
MENTIONED IN THIS ARTICLE
United Traction and Electric Company
Jersey City
N. J
Spears
Sweetland, Treazurer
Dividend Notice for The Railroad Securities Company Certificates
Notice that books for registration will close June 15 1907 for the regular dividend on sale certificates due July 1 1907. Books reopen July 4 1907. Dividend of two dollars per share paid July 15 1907 to stockholders of record June 15 1907. Transfer books closed June 17 to June 29 1907.
MENTIONED IN THIS ARTICLE
Railroad Securities Company
Illinois Central
Berles A
Chas. C. Teghtoff
Treastren
American Telephone and Telegraph Company
WM. R. Driver
No Receiver for Air Line Dismissed in Chicago
Federal judge Kohlsaat dismissed the bill of complaint against the Chicago and New York Electric Air Line Company. Receivership proceedings end and the company’s affairs stay in the hands of officers who have managed the road to date.
MENTIONED IN THIS ARTICLE
Chicago
Sidge Kohlsaat
Chicago and New York Electric Air Line Company
Roda
New York Incorporations List Shows Diverse Ventures
Special to The New York Times Albany June 10 lists numerous New York and upstate incorporations. Firms include Barnett Brothers clothing store in New York with 850000 capital, Mackenzie School in Dobbs Ferry, and Vandalia Chemical in Vandalia, each with 100000 capital, plus multiple small ventures across industries from oils to warehousing and realty.
MENTIONED IN THIS ARTICLE
Albany
Barnett Brothers
New York
de Ent
Capital
I. Barnett
E. G. Barnett
L. H. Barnett
Mackenzie School
Dobbs Ferry
J. C. Mackenzie
Alexander Mackenzie
Dobbserry
Pierce Company
East Rochester
J. H. Pierce
D._H. Pierce
T. P. Pierce
Rochester
Shields-Gordon Company
Underwear
J. Shields
Irving Gordon
H.F. Balkam
Vandalia Chemical Company
Vandalia
Cpital
M. F. Quinn
Sherman
Straight
Penn
M. J. Collins
Olean
Deals
Louis Helentohn Helmuth
Sd. Simmons
Newark
Bolivar J. Romero & Co
B. 8. Romero
H. W. Smith
J. McV. Breed
Stacey Warehousing Company
Little Falls
I. E. Stacey
F. F. Stacey
Woodruff
W. A. Bennett
C.E. Hoover
Andrew Grier
Harrison Commission Company
A. B. Harrison, Jr
Mildred L. Harrison
D. F. Kennedy
Brooklyn
Scheurer & Bilda Company
Egas
Harry Jacobson
Morris Frankenstein
J. M. Kohn
Y Columbus Circle Arcade Company
Jacob Wertheim
W. J. Salomon
Abraham Cohn
Rosendale Development Company
A. L. Harley
Proposals For Military Supplies Opened In 1907
Multiple government purchase calls across Philadelphia New York Springfield Armory and Washington DC invite sealed bids for items from crab cloth and gimp to silk twist and buttons. Proposals due June 18 1907 in Philadelphia and June 14 1907 in Washington with details and specs available on request.
MENTIONED IN THIS ARTICLE
Depo Quartermaster's
25Th Street
Gray's Ferry Road
Philadelphia
Crab
Silesia
F. G. Hodgsn
Ors
U. S
War Department
Washington D
QD. L. Brainard
U. S. Army
Whitehall St
New York City
New York
Patten
Depo Quartermaster
Springfield Armory
Mass
Frank H.* Phipps
Also Mentioned on This Page
Wall Street
Indianapolis
Jamestown
Hudson
Wess
Cotton States
Iron and Steel Notes
Metal Market Reports
City Ownership Report
Civic Federation Committee
The
San Francisco
Alta Ol Jung
Oo Alpha Co Justice of
Andes
Belcher
Best & Bel
Caledonia
C & Sierra
Uld & C
Telegra
Lone Star
May Queen
McNam
Bulle
West End
Adams
Steinwa Wales
Atlanta
Isabella Acacia
McKinney
Pharmacist
Portland
Elkton
Outside Securities
Tobarco
Atchison
Barnes-Kinge
Benanza Cree Oaeee
Foeton Conper
British Col
Os Butte Coalition Aan
Central Foundry
Ve Central Foundry
Chicago Subway
Colvsa-Leona Tee Eee
Gumberland- Elyn
Davis-Daly Stee E Wens Douglas
Hill
Greene
Greene-Cananea
Hevana Tobacco
Havana Tobacco Pf
Manhattan Transit Ae McKinley‘Darrach
Miemac
Mines Co. of America
Mitchell Mining
Con
N.Y
Cuba
M. Cooper&s
Irm
Nevada-Utsh Ne
Ari Nipissing Mines Co
North Butte Extension
Otis Felvator
Otis Elevator of
Oe A. Iy
Waterbury Coeteee
Tern Ice Coeben
Federal Grand Jury
Big City
C. Vanderbilt
Harriman
Paris
Berlin
Imperial Bank of Germany
Treasury
Foreign Public Securities
Cologne
Menicl
Ugs
kfort-on-Main
City of
Vienna
New -York
Lon
N. Y
Don
Equiv
Erie Aa
Erie
M Central
Louis. & Nash
Central
Bowery Savings Bank
Bowery
William H. S. Wood
Henry A.schenck
William E. Knox
NEW York Central & Hudson River Railroad Company
NEW York & Harlem Railroad Company
Edward L. Rossiter
Union Bag & Pap
Battery Place
Union Bag & Paper Company
Vy. Lc Bparks
Secre
Farmers’ Loan and Trust Co
William St
Farmers’ Loan ‘and Trust Company
Samuel Sloan, JR
Propos
ALS
Memphis
Tenn
Memphis Water
Memphis Trust Co
United States Mortgage & Trust Co
General Assembly
State of
Mem
Ennis M. Doug
J. A. Ill
Eet. Williams
Ennis M. Douglass
Micmac
Mitchell
White Knob
Utah
Silver Queen
Cumberland
ELY Cobalt Central
Stewart ' Mining
Nevada Copper
British Columbia
Jo Thomas Reinhardt