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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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