Wall Street dull as Vanderlip talks at Jamestown
Trading in the financial district barely rose above routine as investors digested President Vanderlip’s Jamestown remarks, bond issues, and a Reading dividend. Traders contested whether the speech boded bullish or bearish outcomes while gold exports and Egypt bank troubles shaped sentiment and limited market activity.
MENTIONED IN THIS ARTICLE
Yester
Moti S
Atce
Vanderlip
Jamestown
Tr Derd
Frisco Road Plans 146 Million Bond Issue and Stock Increase
The St Louis and San Francisco Railroad announced a refunding plan issuing 115 million in bonds and boosting authorized common stock from 100 million to 200 million to cover maturing notes and future improvements. About 10 million of bonds will be sold now while 63 million in notes are refinanced, with prices and redemption options outlined. The move aims to support capital needs and maintain earnings growth, with projected 1900s income and per mile earnings reported.
MENTIONED IN THIS ARTICLE
St. Louis & San Francisco Railroad
Wall Street
Frisco Road
St. Louis
Frisco
Peeneey. Ee
BAM
Missouri
Currency Movements Show Banks' Cash Drop in Week
Estimates indicate banks' cash holdings fell by 3.5 to 4 million dollars as gold exports and Sub Treasury operations influenced balance. Interior transfers netted a gain around 549,900, with receipts from new funds totaling 1,233 and customs collections rising to 4,452,000 from the prior week.
MENTIONED IN THIS ARTICLE
Mal Street Journal
Treasury
Interior
Paris
Sub-Treasury
Oery
Nccety
Eee
New York
Wer
Imports of Dry Goods at New York Port Decline
Weekly imports of dry goods at the port of New York totaled 2 063 845 dollars, down from 2 872 801 the prior week and 2 902 635 the same week last year, reflecting a softer pace in around the period.
MENTIONED IN THIS ARTICLE
New York
Foreign Markets Give Way Amid Global Turmoil
London money supply rises and rates ease with firm discounts. Stock market liquidation driven by South disturbances and Alexandria troubles hitting foreigns and Kaffirs. Japanese imperial 1904 at 102% and Consols steady on repurchases. Paris markets weak as South France unrest grows. Russian bonds and 3 percent rentes show small declines. Berlin also lower across all departments as American optimism wanes on weak London quotes.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Alexandria
Egypt
Paris
Ces
New York
Bank of Grand
Madrid
Lisbon
France
Ussian
European and American mining stocks listed in London prices
American mining stocks prices were received from London yesterday following quotes for European state and municipal securities. The report lists Bird, Stratton's Ind, and other stocks with prices such as 11.6 and 0.38 in shillings and pence.
MENTIONED IN THIS ARTICLE
London
D. Bird
Stratton
New York
N.Y. At
Lon- N.Y. Crosdon
Baguio
Atchison
Can Pacific
Erie
Sox
Cace Wenr
Ian. Nash
Gentral
aSania Veer
Ee Eees
Southern Pacific
Union Pacific Ee Ook U
Steel
Boston Stock Market Slips Amid Profit Taking
In Balaklala early trade, the first 100 share sale moved at 9 and the best 8 percent, with the closing sale at 8. Trinity fell on profit taking at 21. Amalgamated eased about a point, United States Smelting dropped about 2 points due to stop orders pulling prices lower.
MENTIONED IN THIS ARTICLE
Reading
Union Pacific
Amalgamated Copper
Steel Common
Pennsylvania
Canadian Pacific
Chicago Northwest
General Electric
United States Express
Third Avenue Attock
Boston
New York Times
Balaklala
Trinity
Amalgamated
United States
Weekly Failure Report Summary
Bradstreet reports 165 failures in the United States this week, up from 161 prior week. Canada shows 22 failures. total percentages and regional notes are unclear due to garbled text.
MENTIONED IN THIS ARTICLE
Bradstreet
United States
Canada
Cenbaeo
Railway Regulation and Reform Fear For Future Prosperity
Norfolk June 21 The Virginia State Bankers Association session featured Frank A. Vanderlip and Robert Armstrong warning that socialist tendencies in legislatures threaten railways and finance. They argued rate cuts would destroy security and urged orderly action to avoid a protracted recession amid rising prices and robust labor.
MENTIONED IN THIS ARTICLE
Norfolk
Virginia State Bankers’ Association
Frank A. Vanderlip
Robert B. Armstrong
New York
The
Treasury
Vanderlip
United Fee
Blic
Asilgtrong
United
Seeneury
Market closes with broad bid and no trades in many issues
Closing quotations show numerous bonds and stocks with no transactions while bids and asks appear for a wide range of issues. Notable entries include government bonds and industrials listed with varied bid and ask levels, and several utilities and rail names with ex-dividend or minor price moves noted.
Iron and Steel Demand Stays Strong Despite Price Drops
Iron and steel markets show pig iron for immediate delivery down by up to 1 per ton in two weeks, yet demand for standing orders remains high. Steel sales remain unusually heavy with finished steel lines reported brisk for this period.
MENTIONED IN THIS ARTICLE
Bu Eines Ao I
London Takes Gold as Bank of England Expands Exports
London joined the gold export surge as the Bank of England offered facilities for shipments to London mirroring France. In three weeks, exports total $18.5 million with $1.1 million by Russo-Chinese Bank to London and $1.5 million by Goldman, Sachs to Paris. Rates rose to 4.8920 cables, with imports absorbed easily. The movement, likely over $20 million soon, may end with the half year, while a Egyptian bank failure influenced the policy.
MENTIONED IN THIS ARTICLE
London
Bank of England
Shaw
Bank of France
Goldman, Sachs & Co
Paris
Well Street
National and Reading Bank News From Washington and Philadelphia
Washington reports national banknote redemptions of 991 285 dollars and revenue receipts of 1 1 million. reserve fund gold coin and bullion at 150 million. trust funds redeeming 6 019 000. Reading Railway board declares semi annual 2 percent dividend on common stock, payable August 1.
MENTIONED IN THIS ARTICLE
Washington
Internal Revenue, Customs
Reading
Philadelphia
Reading Railway
Reading Company
W. R. Taylor
Dividend Declared by The Importers and Traders' National Bank
The Importers and Traders' National Bank of New York declares a ten percent dividend tax free, payable July 1, with transfer books closed until that date. H. H. Powell, cashier. Railroads.
MENTIONED IN THIS ARTICLE
National Bank OF New York
New York
H. H. Powell
BANK OF NEW YO _ _National Banking
Columbia Bank
Fifth Avenue
Forty-second Street
W. S. Griffith
German Exchange Bank
Edmund F. 8Wanberg
Merchants’ Exchange National
Bank of the City of New York
E. V. Gambier
Hanover National Bank
City OF New York
Julie Zist
Elmer E. Whittaker
the Market and Fulton National Bank
T. J. Stevens
THE
Mutual Bank
Hugh N. Kirkland
Central National Ank OF
Board of
Albion K. Chapman
West Side Bank
Walter Westervelt
Chatham National Bank
H. P. Doremus
Bank OF * America
New-York
W. M. Bennet
Notices of dividends from multiple firms in 1907
A compilation of 1907 dividend announcements listing regular and special payments on preferred and common stock from companies including American Woolen Company Empire Steel and Iron Company United Fruit Company Electric Storage Battery Company Nassau Street NNPISSING Mines Company Mortgage Bond Company of New York National Biscuit Company and related transfer book closures with record dates and payout dates.
MENTIONED IN THIS ARTICLE
American Woolen Company
WM. H. Dwelly,jr
Boston
Mass
Empire Steel & Iron Company
BEMI
Catasauqua
Stillman
United Fruit Company
State Street
Charles A. Hubbard
Electric Storage Battery Company
Allegheny Avenue
19Th Street
Phila
Walter G. Henderson
Nnpissing Mines Company
Nassau St
New York
Vuta
Poe Books
John Josten
Mortgage- Bond Company OF
Liberty Street
M. C. Coggeshall
National Biscuit Company
F. E. Bugbee
Equitable Trust ‘Company
New
Une Street
Enquttble Trust Mpany
Anna Street
Borow
Manhattan
City
Areca
Cmpany
Mércantile Trust Comny, Vrsuant
Banking of New York
Equitable Trust Company of New York
Mercantile Trust Company
Aly Krech
Frederick Ww. Inpulse
Belmont Land Company
Bangs & van Sinderen
Borough of Manhattan
City of York
Poe
Bayside
H. H. Baldwin
Beerele
Last of Gates & Co. closes stock exchange house
The winding up of C G Gates & Co stock exchange house is finished after dissolving in June. 2,500 accounts have been closed including customers as far as Australia. The Trinity Building offices remain vacant as two banks seek them. John W Gates and C G Gates plan a July European trip. the elder Gates leaves Wall Street, the son may keep his seat on the exchange and others.
MENTIONED IN THIS ARTICLE
Stock Exchange
C.G. Gates & Co
Australia
Gates
Trinity Building
E John W. Gates
C. G. Gates
Europe
Wall Street
Metal Market Report Shows Copper Drop and Weak Metals
London copper fell with spot at 05 5s and futures at 90 10s, down from Thursday. Pig tin eased to 187 10s spot and 179 10s futures. lead and spelter weakened. warrants weak at 55s 6d and 55s 3d Middlesbrough. New York Metal Exchange bids and asks varied against prior day with mixed copper and other metal quotes.
MENTIONED IN THIS ARTICLE
London
Standard Foundry
Middlesborough
New York Metal Exchange
Also Mentioned on This Page
Wall
Financial District
Gil
Ois
Berlin
Boerse
Foreign Public Securities
Unities
Consol
Ssesesce
DSN
German Consol &S
Heesian
Hambu
Govaoeas
City of Man
Augsburg
nkfort-on-Main
Fenna
BON High
Am. Bell AB
Atchison Seccences
ST Cooes
Boston Elevated
Boston & Albany
Boston & Lowell Sth
Senena & Prov
Boston & Worcester
Soo
Agr. Chem
Pneu
Gerv
Ugar
Elec
ST Mass
Swift Co. Liibtors
Unite
M. Pt
Rison
Balaxiale Temp
eButte Coalition
Calumet
Arizona Solma
Cory Range
Frankin
Greene-C. Tempetta
Isie Royale
la Sane
Michigan
Montana C
North Butte
Dominion
Osceola
Rhode Island
Santa Fe
Bhannon
Wolverine
Abeoesaak
Tex
United Gas Improvement
Philadelphia Po
United States Steel
Bell
Belmont ‘Onopah
Cambria Steel
Elee, Co. of America
Valley R
Penna
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Phila.Co
Phila. Electric
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Tonopa Mining
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United Gas Imp
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Commonwealth
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Sethems Py Gas
Adams
Alb. & Bus
Long Island
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Nat.b
Nat. Enam
Ara. Enutt
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Nat. Lead
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Ann Arbor
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N.y-D. Co
Beth. Steel
N.Y. D. Co
Beth
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Exchange
the Treasury Balances
the Trust Company of America
Broadway
Cerrenia
Wall ST
Banks and Trust Companies
Tri-City Railway & Light Company
T. F. Wickham
NEW York Central & Hudson River Railroad. Company
N. Y
NEW York & Harlem Railroad Company
New York Central & Hudson River Railroad Company
Edward L. Rossiter
Treas
Urer
City OF
United States Mortgage and Trust Company
New York City
Security Bank and Trust Co
Memphis
Tennessee
United States Mortgage and Trust Co
J. J. Williams
Ennis M. Douglass
United Gas Improvement Co
C. G. Gates & CO
Metal Market Reports
Merchants’ National Bank of the City of New York
NEW Amsterdam ‘Nationar
E. O. Eldredge
Etropolitan Bank
Metropolitan Bank
A. C. Corby, Casater
the Mercantile Trust Company
Mercatetile Trust Company
Genes Company
Boas
Equittale Trust
Company of York
Banking Law of
Equitable Trust
Mercantile Tag Company
William C. Poillon
Vicsent
Guy Richards
Micmag
Thomas Reinhart
Broad St