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This newspaper page contains 13 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 16, 1908

Page

11

Wall Street Faces Dull Market Amid Taft Nomination Debate

Topics on Wall Street foresee minimal market movement with a possible brief rally if Taft’s nomination and a conservative platform emerge. Traders expect scalp trades and modest gains as professionals control much of the activity, while bank clearings show mixed signals and investors grow more selective in stock and bond choices.

Commission Taft Thare National Committee

Illinois Central to Sell More Bonds to Ease Floating Debt

Illinois Central plans to issue about 14.25 million dollars in convertible bonds to cover remaining floating debt after a stock issue. Interest on debt reduced from 6 to 4 percent, with bonds exchangeable above the current stock price, likely around 150, as directors seek to stabilize finances within months.

Illinois Central Financial District

Bankers Indorse Metz in Finance Boardroom Meeting

Leading bankers and Wall Street figures gathered at the Equitable Building to hear Controller Metz outline updates to municipal bookkeeping. Resolutions praised his efforts and pledged cooperation with the Bureau of Municipal Research to modernize the city’s expenditure and revenue controls.

Wall Street Equitable Metz Burea Jacob Schiff Bureau of Municipal Research F. A. Vanderlip The National City Bank Charles Robinson Fisk & Robinson Jacob H. Schiff Kuhn, Loeb & Co J. Pierpont Morgan, Jr J.P. Morgan & Co George F. Baker First National Bank A. N. Harris N. W. Harris & Co Andrew Mills Dry Dock Savings Institution E. R. L. Gould City and Suburban Homes Company Charles A. Peabody Mutual Life Insurance Company Henry Clews Henry Clews & Co Eon. Seligman J. W. Seligman & Co William A. Day Equitable Life Assurance Company Frederick B. Schenck Liberty National Bank Dick S. Ramsay East River Savings Institution A. B. Hepburn Chase National Bank Dumont Clarke Exchange National Bank Ernst Thalman Ladenburg, Thalman & Co Henry Goldman Goldman, Sachs & Co William Salomon W. Salomon & Sons Bayard Dominick A. E L. Marling Henry Morgenthau Charles H. Warren Frank Tucker Provident Loan Association George W. Hodges R. L. Day & Co Henry Bruere F. A. Cleveland William H. Allen

Crop outlook fair says Eines J Hill Great Northern

Eines J Hill chairman of the Great Northern Railway returned to the city and spoke on crop prospects. He noted some Southwest corn damage from trains while heavy rains helped Northwest lowlands and highlands alike. He predicted a larger Northwest crop than last year and favorable wheat prices due to scarce current supplies.

Hill J Hill

Mercantile Marine Co reports 1907 surplus and earnings

The International Mercantile Marine Company released its fifth annual report showing a net earnings of 7.08 million after expenses, with gross voyage earnings of 38.25 million. The year faced labor strikes and rate disturbances, while the building program continues with new ships planned for 1909 delivery.

International Mercantile Marine Company Leyland and National Lines St. Lawrence

Wilgus Heads Engineering Company

Former Vice President W J Wilgus of the New York Central becomes President of the Amsterdam Corporation. The firm focuses on railroad engineering specialties including electrification of steam lines subaqueous tunnels terminals and analysis of operating contracts. It also plans to perfect new ventures and prepare detailed data to attract investors.

Securities Note A Trade of Railroad and Industrial Stocks

A dense list of securities with prices and series notes appears. It includes American Chicle, Union Carbide, International Silver, Procter & Gamble, Royal Baking Powder, National Sugar, and many railroad and electric company issues. The item states quotes available for larger or smaller amounts and highlights markets in railroad, industrial, bank, trust, and insurance stocks.

American Brake Shoe & Foundry Babcock & Wilcox Bleeches Street & Fulton Ferry R. Ff Borden’s Casein Co. of America Chesebrough Manufacturing Computing Scale Co. of America Consolidated Fruit Jar Denver Gas & Electric Diamond Rubber Empire Steel & Iron Empire Trust Co Federal Sugar Common Hall Sigral Havana Electric Railway Higgins Oil & Fuel I. W. Johns- Manville Lehigh & Wilkes-Barre Mahoning Investment Manila Electric R. R. & Light Maxwell-Briscoe National Licorice York Shipbuilding Oil Fields of Mexico Bratt & Whitney Royal Baking Powder Singer J. B Stetson Thompson-Starrett Trenton Potteries United & Globe Rubber Union Carbide Unto Ferry Union Typewriter Atlantic Gas Light Central of Georgia Central Union Gas Columbus Gas Havana Ecareceamerverren Milling Hudson River Electric Co Hudson River International Kansas City Nashville Chattanooga St. Louis York Biscuit Richmond Memphis Southeastern St. Joseph Grand Island Securities Co. Consol Wee Ferry United Lead Webster Coal & Coke Aeolian Weber Piano & Pianola American Book American Brake Shoe American Brass American Chicle American Coal American Coal Products American District Telegraph of N. J American Gas & Electric Preferred American Investment Securities American Metro American Press Association American Type Founders Common American Type Founders Bradley & Metcalf Carnegie Trust H. B. Claflin Federal Sugar Common General Manifold Gray National Telautograph International Nickel Lackawanna Steamship Lackawanna Steeles Landers, Frary & Clark Lord & Burnham Ptd Locomobile Co. of America Pupe Manufacturing Procter & Gamble the ‘Texas Company Title Guarantee & Trust Hi. K. Worthington Yale & Towne Manufacturing Albany& Susquehanna Barrett Brooklyn, Bath & West End KR. R Central Railway Cleveland, Akron & Columbus Dickson” Manufacturing Greenbrier Railway Hudson River Electric Power Acaeae City Rny. & Light Louisville & Nashville R. R. Coll New Jersey Steamboat New York New Haven & Hartford Norfolk & Southern R. R Park & Tilford Rochester Bay, & Light St. Joe Iron Mountain & Southern River and Gulf St. Louis Transit Balanced& Sulzberger Sunday Creek Co Union Steel Washington Terminal Bank

European Markets Drift With Mixed Tone on June 15

London reports abundant money and steady discounts as Paris highlights gold demand and gains in American securities. Wall Street rallies lift sentiment before later easing. Gilt-edged shares hold, consols firm, foreigners quiet. bar silver at 247d. Paris closes heavy. three per cent routes near 95.15. Berlin Boerse firmer but light trading.

London Paris Stock Exchange Wall Street New York

London Market Quoted American Mining Stocks

The London market yesterday showed quotes for several American mining stocks led by Camp Bird and Esperanza with Tomboy Dolores El Oro and O Stratton's Ind listed at various pence and pounds. Prices included Camp Bird at 0 13 0 and Esperanza at 1 10 0 among others.

London Esperanza Tomboy Dolores el Oro O'stratton’s Ind

Quiet Cotton Market With Decline and Flood Updates

Cotton was quiet with a net drop of 7 to 11 points after a fluctuating session. Sales reached about 75 000 bales as Western belt rains and levee breaks near Shreveport and New Orleans raised concern. Local and southern markets showed mixed steady to unchanged quotes with New Orleans at 115 cents and 1 350 bales sold.

Liverpool Shreveport New Orleans Louisians Mississippi Pesse Ije Gu’s Mobile Savannah Norfolk St. Louis Memphis Houston Galveston

Westinghouse Appeal Urges Stock Subscriptions Under Rehabilitation Plan

A Westinghouse circular appeal warns of imminent plan failure as stockholders must subscribe about 6 million dollars of new stock. Only about 3 million has been subscribed, risking liquidation of assets and loss to merchandise creditors. The notice urges swift cooperation before the June 2 deadline.

Westinghouse Electric and Manufacturing Company George W. Guthrie Joseph W. Marsh

Gold Exports Reach New High As Trust Reserve Rules Loom

Gold exports valued at $600 000 were sent by Heidelbach Ickelheimer Co for today’s steamer. The article notes upcoming trust company reserve requirements rising to 15 percent by February, but expects no effect on overall gold movement. Also reports the New York News Bureau Association expanding operations to Cleveland with electric ticker distribution.

Guggenheim sails home from vacation on Mauretania

Daniel Guggenheim is due back at his office Friday after a lengthy overseas vacation aboard the Mauretania. Jacques P. Rosenberg of Crews Lichtenstadt & Co sails today on the Kronprinz Wilhelm for a vacation trip. Knauth Nachod & Kuhne issue a circular on the new currency law. The New York News Bureau added Cleveland to its bulletin routes. Tennessee Coal and Iron certificates in the unlisted department must be full-paid. E. R. Stettinus succeeds J. K. Robinson as Treasurer of the Diamond Match Company. Osceola Consolidated Mining Company set to adjourn Tuesday July 7 at 11 A M. New Jersey Court of Errors upholds Chancery refusal to appoint a receiver for Old Dominion Copper Mining and Smelting. John H. Pierce suit dates back over a year. Hudson Companies issue new $5,000,000 one-year 6 percent notes in Boston. Savings banks list last half-year rates at 4 percent. Metropolitan and Maiden Lane Savings Banks announce a dividend in addition to existing banks.

Daniel Guggenheim Mauretania Jacques P. Rosenberg New York Crews Lichtenstadt & Co London Kronprinz Wilhelm Department of the Stock Exchange Tennessee Coal, Iron & Railroad Company E. R. Stettinus J. K. Robinson Diamond Match Company Osceola Consolidated ‘Mining ‘Company New Jersey Court of Errors Court of Chancery Old Dominion , Copper Mining and Smelting John H. Pierce Hudson Companies Boston Metropolitan Savings Bank Maiden Lane Savings Bank

Also Mentioned on This Page

Bond Houses Bond Men Bond House Mater Ho Road Bankers Indorse Metz Northwestern Mercantile Marine CO Sane Frederic H. Hatch United States Broad St A. Co James K. Rich, JR Charles N. Daly Hatcheau Broadway New York City Willard William H. Nichols Tangley W. Wiggin Park Terrell Mgr. Bond Dept John D Johnson & H'ggins Samuel G. Bayne Scaboard Nat. Bank Robert S. Bradley Am. Agricultural Chemical Co Frederick H. Eaton Am. Car and Foundry Co James M. Gifford Gifford, Hobbs & Beard Goldman, Sachs K Co Chase Nat’! Bank H. Huttig Third Nat'n Bank John R. McGinley Pittsburgh Charles F. Mathewson Harmon Mathewson General Chemical Co Augustus G. Paine New York and Penn. Co WM. &. Peters Peters. White & Co Clarence W. Seamans Union Typewriter Co Hermann Sielcken Crossman & Siebeken Merchants Flagg Arthur G. Yates Buffalo Rochester & Pitts R. R. Co Berlin Foreign Public Securities Munich Augsburg Frenkfort Seeeaee Atchison Esee St. Paul Erie de Louis Nash Penneseee Pac. Wees He Rex L. S. Steel Roe Nyt Steel Pf Westinghouse Trust Company Heidelbach, Ickelheimer & Co Cleveland New York News Bureau Association Beaver Street Baltimore Pittsburg Cincinnati Chicago Philadelphia Albany Andrew 3. McCormack Adrian H. Muller & Son William ST Exchange Vesey Street New England Mortgage & Security Co Manhattan Beach Hotel & Land Co She Journeau & Burnham Mechanics and Traders’ Bank Chatham Nat'l Bank Nat'l Bank North Americal Savings Co Ann Arbor R. R Co New York Mortgage and Security Co Carnegie Trust CP Wabash-Pittsburgg Terminal Aeg Metropolitan Trust Co Lincoln Trust Co Pittsburg & Westmorland Aey Colonial Match Co Union Mortgage and Realty Co Mechanics’ Nat'l Bank Corn Exchange Bank Standard Motor Instruction Co Mechanics Bank of Amrica Central Bank of Westchester Co White Plains N. Y Westchester Traction Co Stewart Sugar cd National Bank of North Amerca National Bank of Commerce Lincoln Gas & Electric Light Co Chicago Consolidated Traction Co Bvief Chicago Consolidated Traction Company Central Trust Company of Illinois Trust and Savings Bank la Salle Street Illinois J.N. Wallace Hugh Jd. Grant Henry A. Blatr Chauncey Kefp Charles G. Dawes F. L. Babcour Incline Larkin & Rathbone L. C. Krauthoff Av.s. Steel Pierre Ika Pierre Charles Head & CO Sunday Creek Company Central Trust Company Justee D. Olcott Newak F. L. Babcock Central Trust Co N.X. W. H. Smidt Notary Public Rockland Co New York Co Iron and Steel Corporation P. O. Box New York Realty Owners Co Fieth AV Ashambers St W. H. B.totten George B. Dunning E.tener, Jr Louis Windmuller Julius Heynen Union Dime Savings Institution and &Th Avente Greeley Square Charl E. Sprague Francis M.leake William G. Ross Greenwih Savings Bank E 6Th Ave 16Th St. Interes James Quinlan Charles M. Dutcher Treas National Helmet Company Park Place City of G. F. D. Trask Mining Cor Mills York Tramater Patieten Unsbery & CO JHE Garvin Machine .Co Spring and Varick Sts N. Y. City George Maclagan Unitep Traction and Electric Company Jersey City N.J Co. S. Sweetland Minneapolis & St. Louis Railroad Co F. H. Davis Pittsburgh, Cincinnati, Chicago & St. Louis Railway Company Steubenville & Indiana Railroad Company National City Bank of New York H. B.mcknight Buffalo & Susquehanna Railroad Company Cedar Lehr West Side Savings Bank Cor 9Th St S. G. Cook W. S. Jenks Southern Pacific Company A. K. Vandeventer Southern Pacific CO New Yor Peaver National Bank of Vth George Mercer, Jr William E. McReynolds American Can Company R. H. Simon ORK Supreme Court Medicial Westchester Couty Ken Sico Reservoir Corporation Counsel City of New York Supreme Court of State of New York Supreme Court Coast House Whits Plains Westchester County County of Mount Pleasant County of Westchester Southern Aqueduct Department Keneico Barsett St Westchester Pleasant -Pises Commerci Avenue Real Estas Aqueduct Department Register Jon Adaline Avenue Said Street Eoutheast Said-Paircel Said Avenue High Street Columbus Avenue Norwood Street Sedgwick Avenue Sandford McAdam, van Frent Morston Street Sedgwick Avene Morton Street Colummbus Avenue Barrett Street Sard Street Cfr Pleasant Place First Department Public Services Commission First District Lexington Avenue Public Service Appellate Division First Judicial Department Court House Madison Avenue East 7Ath Street Borough of Manhattan Orms Borough of Manhattan East 36Th Street Lexingtonvenue Irving Place 14Th Street East 9Th Street East 129Th Street Harlem River Park Avenue Bronx 288Th Street Mort Avenue Eac List Street Public Service Commission Tha William R. Willcox Travis H. Whitney Morris Park Avenue West Farms Road Herman A. Metz
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