Wall Street sees bargain seekers and large loan shifts
As stocks rally from a low, brokers report many buyers seeking bargains but few bids meet current quotes. Interborough Metropolitan shares show unusual strength amid a market slump, with speculation tying to a franchise tax decision and rumors around American Beet Sugar and Corn Products Refining.
MENTIONED IN THIS ARTICLE
Court of Appeals
Interborough Rapid Transitee
Interborough Metropolitan
Interborough-Metropolitan
Wall Street
New York
Conspiracy Suit Blasts Exchange Over Student boycott ruling
Marcus Heim of the Consolidated Stock Exchange seeks an injunction against Albert Loeb & Co to stop closing his account amid a Stock Exchange ruling prohibiting active Consolidated members from doing business with “Little Board” members. The suit claims a discriminatory boycott and seeks to overturn the May 19 resolution with June 23 court action.
MENTIONED IN THIS ARTICLE
Consolidated Stock Exchange
The
Stock Exchange
Consolidated
Charles A. Towne
Benjamin F. Spellman
Marcus Heim
Consolidated Exchange
William J. Kelly
Supreme Court
Brooklyn
Albert Loeb & Co
Big Board
Little Board
Heim
Broadway
New York Stock Exchange
Chicago stock market mixed gains for Street's Stable Car lead
Special to The New York Times reports Chicago trading showing Street's Stable Car as the day's active leader with a 1 percent advance before midday. Sears Roebuck American Can and Booth Fisheries posted varied results with Biscuit and Fisheries stock movements noted in late trading.
MENTIONED IN THIS ARTICLE
New York Times
Chicago
Street
Sears- Roebuck
Booth Fisheries
American Can
Booth Fisheries Pl
Chicago Title & Trust
Chicago Telephone
Commercial Edison
Illinois Brick
Kansas City Light
National Biscuit Pf
National Carbon
People’s Gas
Sears-Roebuck
Sears-Roebuck Pf
Swift & Co
United Box Board
Treasury condition report bonds and coin totals
Washington reports the Treasury open with extensive figures: gold coin and bullion 150,000,000. trust funds to redeem outstanding certificates 845,205,859. silver dollars 484,404,000. silver dollars of 1800 4,243,000. general fund 148,948,466. Philippine Treasury 4,594,986. awaiting reimbursement 20,5233. liabilities 107,228,106.
MENTIONED IN THIS ARTICLE
National
H Inks
Philippine Treasury
Freight Rate War Renewed Among Eastern Railroads
The Import Committee of the Trunk Line Association approved further cuts of 30 cents per hundred pounds in class freight and 1 cent per hundred in commodity freights effective Aug 1. This marks the third class-rate drop and fifth commodity-rate reduction since the late war began. Boston & Maine now charges 61 cents for first class, down from 70, while Baltimore’s rate drops to 58 cents with similar cuts at sea ports including Philadelphia.
MENTIONED IN THIS ARTICLE
Trunk Line Association
Boston
Boston & Maine Railroad
Baltimore
Philadelphia
Boston & Albany Bond Issue Approved
The Public Service Commission authorized the Boston & Albany Railroad to issue 4.5 million dollars in twenty five year 4 percent bonds for property improvements. Eight thousand eight hundred fifty dollars of the total is to be used in New York. The commission also authorized the New York Central & Hudson River Railroad to guarantee the bonds.
MENTIONED IN THIS ARTICLE
Boston & Albany
Albany
The
Public Service Commission
Boston & Albany Railroad Company
New York
New York Central & Hudson River Railroad Ces
Weather forecast for cotton and grain states Saturday and Sunday
United States Weather Bureau forecast for June weekends in 11 states. Generally fair conditions prevail in North Carolina through Louisiana with local showers in Eastern Florida and Oklahoma. Minnesota Wisconsin and Missouri show varying winds and partial cloudiness in parts of the weekend.
MENTIONED IN THIS ARTICLE
New York Times
Washington
United States Weather Bureau
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisana
Texas
Oklahoma
Kansas
Arkansas
Indiana
Ilinois
Michigan
Wisconsin
Minnesota
Missouri
North Dakota
South Dakota
Nebraska
Stockholders to Meet on Issuance of 500000000 Preferred Stock
A special meeting of Hegeman & Co stockholders is called for July 1 to approve a resolution authorizing the issue of 50000000000?00000. The American Cities Railway and Light Company announced a 1 percent initial dividend on its common stock payable July to stockholders of record June 21. The Quick Silver Mining Company elected a new board including Charles A Jones as President Gustave Frank as Vice President H H Starrett as Secretary and L B Haag as Treasurer. Applications were made to the New York Stock Exchange to list 6000000 stock and 87979 100 per cent first mortgage bonds for Detroit Edison Pacific Telephone and Duluth Mesaba networks.
MENTIONED IN THIS ARTICLE
Hegeman & Co
American Cities Railway and Light Company
Quicksilver Mining Company
Charles A. Jones
Gustave Frank
H. H. Starrett
L. B. Haag
Stock Exchange
Detroit Edison Company
Pacific Telephone and Telegraph Company
Duluth, Mesaba & Northern Railway Company
European Markets Show Mixed Trading On June 18
Reports from London Paris and Berlin indicate money supply outpacing demand in London with easy discounts and a mildly upbeat but irregular close on the stock exchange. Paris prices held steady on the Bourse while Berlin trading remained dull and broadly lower with iron and American railroad shares rising.
MENTIONED IN THIS ARTICLE
London
Paris
Stock Exchange
Kaffirs
New York
Berlin
Market Lifts and Dips Mixed Across Stocks And Wheat
Moderate activity opened with sharp losses in prominent specialties then steadying. North Butte slipped to 574% while United Fruit recovered to 140 and American Telephone climbed to 141. Wheat news remained bearish with large country sales for July-August and mixed global prices. The Day’s report notes firming in copper and zinc issues and a busy future-leaning market backdrop.
MENTIONED IN THIS ARTICLE
New York Times
Boston
North Butte
Arizona
Butte Coalition
Lake and
American Zinc
Miami
Nevada
United Fruit
American Telephone
Agricultural Chemical
United Shoe Machinery
No Van Norden Merger Plans Quietly Denied
The minority committee of Van Norden Trust stockholders led by John T. Terry received a reply from Carnegie Trust President Dickinson saying the Van Norden stock was bought as a private investment. The committee is assured a hearing if a merger application is filed and Mercantile Trust will hold minority stock as depository. Many minority holders wish to deposit their shares with the committee.
MENTIONED IN THIS ARTICLE
van Norden Trust Company
John T. Terry
John C. Tomlinson
Dickinson
Carnegie Trust Company
Record Freight Train Haul Sets Pennsylvania Record
A record movement on the Pennsylvania Railroad between Altoona and Enola near Harrisburg shows 85 steel gondola cars carrying 4451 tons of coal attached to a single improved freight engine. The 6151 ton train ran 174 miles in 7 hours 16 minutes at an average 17 mph, previously requiring a helper locomotive on heavy grades.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
Altoona
Enola
Harrisburg
Penn
Hill Off on Fishing Trip to St Johns River
James J. Hill departed for Montreal to begin his annual Canadian fishing expedition aboard the yacht Wacoutah. His party includes George Baker Samuel Thorne L W Hill and Dr George D Stewart with Burlington president George B Harris. They expect a three week absence dedicated to salmon fishing.
MENTIONED IN THIS ARTICLE
James J. Hill
Montreal
St. John’s River
Wacoutah
George ¥. Baker
Samuel Thorne
L. W. Hill
George B. Harris
Burlington
George D. Stewart
Mr. Hill
No Profit to Harriman in Georgia Railway Deal
Vice President A. B. Hackstaff states Central of Georgia Railway was taken over by Illinois Central from E. H. Harriman. Harriman acquired the line in 1907 for its capital value, weathered the panic, and was repaid exactly the price he paid plus interest, with no profit to Harriman.
MENTIONED IN THIS ARTICLE
Central of Georgia
Illinois Central
A. &. Hackstaff
Central of Georgia Railway
E. H. Harriman
Harriman
Bankers Borrow Abroad As New York Financiers Tap London Markets
Over the last six weeks New York banking houses borrowed about 75 million dollars abroad, mainly in London and Paris. The loans, often secured by collateral with Yankee agents, some even shipped to the other side, aim to back mergers in rail securities. The activity echoes early season patterns with repayments expected as grain exports rise in Fall.
MENTIONED IN THIS ARTICLE
New York
Knauth, Nachod & Kahne
London
Paris
Dun's Review Reports Broad Uplift in Trade Conditions
Dun's Review notes sustained gains in industrial activity and business confidence. Reports from leading cities show broader wholesale retail distribution, higher employment, and more building and manufacturing activity. Bank clearings rise, iron and steel expansion continues, and dry goods and shoe sales improve while crop prospects bolster farmer prosperity.
MENTIONED IN THIS ARTICLE
Dun
New York
Trade opportunities noted in daily consular report
The June 18 Consular and trade summary highlights buying opportunities for athletic clothing and supplies in Eastern Europe, oil machinery and related equipment for Latin America, electric power plant gear in the Far East, cold storage products in the West Indies, wharf construction concessions in a Latin-American republic, and rawhide purchases by a German firm.
MENTIONED IN THIS ARTICLE
Washington
Bureau of Manufactures
Bede
Hg of Commerce and Labor
Washington, D. C
Consur
Europe
United States
Far East
West Indies
Weekly Failure Report by Bradstreet's
Bradstreet's records 213 business failures in the United States for the week, compared with 197 prior week and varied totals for 1908 to 1905. Regions show Middle States 6, New England 29, Southern 54, Western 37, Northwestern & Far West 16, Canada 28. About 87 percent of failing concerns had capital 5440 or less and 8 percent had capital between 5000 and 20000.
MENTIONED IN THIS ARTICLE
Bradstreet
United States
Middle States
New England
Southern
Western
Northwestern
Far West
Canada
Dividend Declared by Union Pacific Railroad Company
The Union Pacific Railroad Company declares a quarterly dividend of 2.50 per share on common stock payable July 1 1909 at the Treasurer's Office 120 Broadway New York to stockholders of record at noon on Saturday June 5 1909. The stock transfer books will not be closed. Stockholders who have not filed mailing orders should do so with the undersigned Fredric V. S. Crosby Treasurer New York May 20 1909.
MENTIONED IN THIS ARTICLE
Broadway
New York
N. Y
Frederic V. S. Crosby
A. K. van Deventer
United Traction and Electric Company
Jersey City
N. J
C. S. Sweetland
United Gas Improvement Company
N. W
Broad and Arch Streets
Philadelphia
William E. Parker
Electric Storage Battery Company
Allegheny Avenue
19Th Street
Walter C. Henderson
Yorkville Bank
Ernest Wolkwitz
Hudson Realty Company
N. Y. Dt
Samuel E. Jacobs
Dividend notices from multiple firms dated 1909
A collection of historical dividend notices. includes Common Stock dividends of 1.5 per cent and 1.25 per cent on various companies, payable July 1 1909. Details cover bearer warrants, transfer book closings, and treasurer contacts, with firms in New York Jersey City Philadelphia and Boston.
London Executor at 18 Bishopsgate Street
A Parisian notice identifies executor proceedings linked to 18 Bishopsgate Street in London with reference to Paris address 41 Boulevard Haussmann and Guardian as the supervising entity.
Butte Electric & Power Co Stockholders Meeting Notice
Butte Electric and Power Co announces its annual stockholders meeting at 765 Broad Street Newark New Jersey on Tuesday July 13 1909 at 11 o clock in the forenoon. Directors to be elected and other business to be considered. Stock books close June 21 1909 at 8 PM reopen July 14 1909 at 10 AM. P BE BISLAND secretary.
MENTIONED IN THIS ARTICLE
Bisland
Dissolution of Interstate Railway and Steamship Supply Co
Notice states the partnership between Mathew M. Feely and Thomas F. Fallon under the name Interstate Railway and Steamship Supply Co has been dissolved. Dated New York June 18 1909 by Thomas F Fallon.
MENTIONED IN THIS ARTICLE
Simonds & Domroe
Wooster Street
Borough of
Manhattan
City of New York
David Domroe
New York
Mathew M. Feely
Thomas F. Fallon
Interstate Railway and Steamship Supply ,Co
National Butchers and Rovers Bank declares semiannual dividend
The Board of Directors of this bank announce a semi annual dividend of three per cent free of tax. Payment begins on July 1. Transfer books will close from June 30 to July 1. William H. Chase, cashier.
MENTIONED IN THIS ARTICLE
Phenix National Bank
City of New York
B. L. Haskins
National Butchers and Rovers’ Bank
New York
Wu WM. H. Chase, Casnter
Notices Seeking Bond Proposals and Government Construction Bids
Notices call for sale of San Francisco and North Pacific Railway bonds by The Mercantile Trust Company and invite sealed bids for multiple government construction projects at Fort Hamilton Fort Wadsworth Fort Hancock West Point and Ellis Island with deadlines from June to July 1909 and details on deposits plans and right to reject proposals.
MENTIONED IN THIS ARTICLE
Quartermaster
Fort Hamilton
N. Y
Fort Wadsworth
Dept. of the East
Governors Island
Quartermaster’s Office
N. J
Fort Hancock
Department of the East
Governor’s Island
Post Headquarters
United States
West Point
Commissioner of Immigration
Ellis Island
U. S
William Williams
The Quickest Way to Sell a Second Hand Car
The Sunday Times Automobile Exchange offers the fastest route to dispose of a used vehicle. The department targets buyers seeking satisfactory cars and is widely read by potential purchasers.
MENTIONED IN THIS ARTICLE
Automobile Exchange
Sunday Times
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Corn Products Refining Company
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Atchison
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Chambers St
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Will Ae
Thomas M. Mulry
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Third Ave
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Jonathan B Currey
Edward Sherrer
Dollar Savings Bank
Third Avenue
John Haffen
WM. M. Kern
North River Savings Bank
34Th St. Bet
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Samuel D. Styles
Fred’k N. Cheshire
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George T. Connett
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Alter Trimble
Charles Fe Sherman
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