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This newspaper page contains 10 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 23, 1908

Page

9

Wall Street Investors Puzzled by Market Momentum

Brokers grow disgruntled as predictions fail to materialize and investors face disappointing profits. Market letters once optimistic now see little support with high grade stocks declining and bears not admitting trouble. Rally hopes and election politics loom over railroads and interest concerns shaping outlook.

Bre

Wabash Pittsburg receivers appointed for West Side Belt

F H Skelding president of First National Bank and H W McMasters named receivers for the West Side Belt Railroad by the United States Circuit Court. Bond fixed at 25 000. Wabash Railroad claims 106 000 and 883 000 in bonds mortgaged to Union Trust. road insolvent with 221 miles from Pittsburg to Clairton.

Pittsburg Penn F. H. Skelding First National Bank H. W. McMasters Wabash Railroad Wabash-Pittsburg Terminal Railroad West Side Belt Railroad United States Circuit Court Young Wabash Railroad Company Reed, Smith, Shaw & Beal Pittsburg Terminal Railroad and Coal Company

32 000 More Cars In Use In North America

The American Railway Association reports a fortnightly drop of 32 212 idle freight cars in the U S and Canada as of June 10, lowering idle stock to 349 567 from a peak of 413 338 on April 29. The decline follows three straight improvements with some cars moved from sidings to repair shops. A fifth of the decrease reflects this transfer. The report notes fewer idle box cars used for merchandise and grain, with fewer dockages in coal cars also reported.

United States Canada American Railway Association

Stock Declines Amid Bear Attack on Rock Island Frisco

Rock Island stocks and bonds along with Frisco Road shares fell sharply under heavy selling, driven by bear rumors and flood related losses. Official denials stated no loan had been proposed or vetoed by Harriman, and the treasury position of Frisco showed improvement due to bond sales.

Rock Island Frisco Securities St. Louis San Francisco Frisco Financial Rock Island Common Rock Island Couty Bond Wall Street Wells- Fargo Express Company E. H. Harriman Rock Island and Frisco Systems Harriman Frisco Lines Rock Island Company Treasury Oklahoma

Financial reorganizations and new offerings outlined in stock market notes

The notes report Lyon, Munds & Co forming a new stock firm with Vest Munds and Walter Lyon, plus a special partner. A Produce Exchange petition and Coffee Exchange closure are noted. J M Martin & Co dissolves to form Martin & Floyd with new partners. Dominick & Dominick opens a New London branch. Receivers' certificates for Seaboard Air Line Railway totaling 1.3 million dollars are offered at par with redemption options after 1908.

Stock Exchange Lyon, Munds & Co J. Nelson Vest J. Theus Munds Cotton Exchange Walter Lyon Bouldwin Produce Exchange Coffee Exchange J. M. Martin & Co Broadway Martin & Floyd J. M. Martin The Alfred Nicolovius McNicoll Floyd, Jr Walsh & Floyd Dominick & Dominick Griswold Eastern Point New London Connutro Brothers

Trading in Baltimore Seaboard lines dominate market

Seaboard Air Line 4s led prices in Baltimore trading on June 22 rising to 144% while three and ten year 5s gained about 2 points. Bonds and stocks reached the highest levels since receivers were appointed with varied results across issues including Virginia Midland, Consolidated Gas and Detroit United.

New York Times Baltimore Seaboard Air Line Shores Car Seaboard Coe Gpsee

Auction of Detroit Toledo & Ironton Notes Planned

Formal steps will be taken this week to settle the large block of Detroit Toledo & Ironton notes held as security for a loan to Kleybolte Co. Hollins interests control a growing share of the note issue. Ramsey Committee growth may give noteholders a majority, complicating Hollins management claims amid potential public auctions of the loan equity.

Detroit, Toledo & Ironton United States Mortgage and Trust Company Kleybolte &Co Hollins Hollins & Co Ramsey Committee Newman F Erb Morse Committee of Noteholders Kleybolte & Co Roe Detroit Toledo & Ironton Tennessee

Bonds and stocks close with little trading activity

Closing quotations show numerous bonds and stocks with no transactions reported. Prices vary across utilities, railways, banks, and industrials, including Am. Tel. and Beath, New York Central, and Bethlehem Steel, reflecting minor shifts and wide bid ask spreads.

Closing quotations at the Colorado Springs Exchange

The local exchange quoted prices for several securities on June 22 with bids and asks listed. Notable items include El Paso at 31 bid and 85% ask, Portland at 103% bid and 106% ask, Isabella at 1.32, Elkton at 57 bid and 57% ask, Rawlings at 74, and Vindicator and Pantoir figures shown among the listings.

New York Times Colorado Springs Col Local Exchange Panto Ir Isabella Elkton Portland Fl Paso Vindicator Rawlings

Yearly profits fund debt service and dividends

The text states that annual profits will cover bond interest, create a sinking fund, pay large dividends on capital stock, and still leave a substantial yearly surplus.

Also Mentioned on This Page

Rock Island Gossip West Side Belt Road Wabash Company Cially Wells-Fargo Lts Treasury Posi Tion Ee P. Pr Ae Cc. Pf K. C Ft. S M. Pt Adams Allis-Chalm Piseka Lacl. G. Pt A Os Ee Ae Shore Coal A. C. OQ Mackay Cos D. Tel G. Tw Man. Co AH & Ll.Man L. Co Am. L. Co Mor Marine Met St. Ry Soc M. Pf Am. L. Pf Ieeeier Phil Vow Am. Sn. Pf Am. St. Fd F. Pf Canada Sa St. L Cent L. Pf Y. D. Co. Clr OG N. Y N. Hc&sa Maleke N .C J. Tel Cc. E. al. N Pac P. Cc Gt. W Peo PLS Ees Eaas Pitts C. Pe R. C M. & St. Pullman .Co Palde Ls Ksil'r W. R. Sec St. P St. Sp T. T L& S&s. Pf Stl & S&s E. I. Pf Bt. Il CF &L St. L W. Fi R. Pf I & Iron Consol Tex Cc. P. R Tex. C Cuba Texas Oat D. M Ft. T Det U. Ry U. Pac. Pf Pan Dare Akas U. Rys. In U. R U. S. Exp T. H U S. Leath W.F. Exp Central West, Md Inger Rand L. E L. E. Int Aiese Aiese 13 13 Int NEW York Vane Railway Metropolitan Street Railway City of New York General & Coll Wm. A. Read & Co Boston Nassau Street Chitago Seaboard Air Line Railway Davies Warfield R. Lancaster Williams Asken National City Bank of New York Sutro Bros. & CO NEW York Stock Exchange Pine Street Philadelphia Chandler Bros. & CO 8Rd Walnut Streets Sutton, Strother& CO Owen Daly & CO H. A. Orrick New York City Willard William H. Nichols Langley W. Wiggin Park Terrell Mer Bond Dept John D. Barrett Zohnson & Higgins Muel G. Bayne Seaboard Nat. Bank Bert Bradley Am. Agricultural Chemical Co Frederick H. Eaton Am. Car and F Nels James M. Giffo Gifford Hobbs & Beard Cohen Alony John R. McGinley Pittsburgh Charles F. Mathewson Harmon & Mathewson General Chemical Co Augustus G. Paine New York and Penn, Co WM. R. Peters Peters. White & Co Larence W. Seamans Resident Union Typewriter Co Hermann Stelcken Crossman & Steichen Arthur Turnbull Post & Flagg Arthur G. Yates Buffalo Rochester & Pitts R. R. Co Texas Portland Cement Company National Bank of Commerce Texas Portland Cement Co Commonealth Trust Co Dallas Texas F. R. Bissell EF. M. Reardon American Exchange National Bank of Missouri J. W. Perry J. C. Duke John Deere Plow Company F. M. Etherle Geo. E. Nicholson Kansas City West OLD York Investment CO Commerce Bilding Kansas City, Mo American Woolen Company American Woolen Company of Guaranty Trust Company of M. H. Dwelly, Jr Mass Manhattan Company Manhattan Compan P. H. Pierson Sunday Creek Company American Chicle Company Henry Rowley Central Trust Company OF N York German Exchange Bank Imund Swanberg D. Olcott F. L. Barcock Central Trust Co W. H. Smidt Rockland Co New York Co Central Trust Company of New York NEW York Central & Hudson ° River Railroad Company Edward L. Rossiter 3Rd- Chase Gold Mining Company Beckley Building Rochester B. E. Chase Chesapeake & Ohio Railway Co Richmond Virginia J. P. Morgan & Co Finanial Dhcatur Axtell Decatur Axtell San Francisco and New Pacific Railway Co Mercantile Trust Company San Francisco and North Pacific Railway Company Mercantile Trust. Company Guy Richards Pamsay- Somervell- Drew Company Pamsay-Somervell-Drew Company Ramsay-Somervell-Drew Company Strauss & Anderson Borough of Manhattan City of New York Chas Somervell Noe LE Moyne Drew E. Anderson Tilly Foster Iron Mines Rector Street F . F. Graham American Telephone and Telegraph Company Manhattan Trust Company Sears WM. R. Driver Wall St American Telephone and 1 Telegraph Company United Pee and Electricompany Yeskey City N. J S&s Sweetland National Butchers and Drovers Bank WM. H. Chase Bank OF America trans_ books W. M. Bennet Cashier Seaboat National Bank of the City CC. Thompson Hianover National Bank Lmer E. Whittaker National Helmet Company Par Place G. F. D. Trask GEO. C. Flint CO Herbert Belknap H. D. Comb Company Milton Dammann AD Samuel Fifth Avenue Farmers’ Loan and Trust Company 41St Street Franklin Society Banking Department A. H. Franklin Society Beekman St Fulton Lawyers Title Insurance & Trust Company Liberty Street Montague Street Brooklyn New York Realty Owners Co Fifth AV Ats U. S. Steel Pierre la Pierre Charles Head & CO Broad St Glen Ridge A. B. A. Wood Washington Trust T Company Postalgior Wheeling and Lake Erie Railroad Co Brown Brothers & Company Maitland, Coppell & Company William Street Emigrant Industrial Savings Bank Chambers St Board of Trustees Thomas M. Mulry John J. Pulleyn Manhattan Savings Institution Joseph Bird Frank G. Stiles CONSTANT M._ BIRT East River Savings Bank N.Y Entitier Juline Dicks&s. R. Msay Chas. A. Whitney North River Savings Bank 34Th St. Bet Semuel D. Styles Frederick N. Cheshire Charles F. Turton H. F. Hutchinson L. A. Stuart NEW York Savings Bank N.ow Sth Avenue Ails William Flsinger James L. Wandti Archibald M. Pent PZ Union Dime Savings Institution Tth Avenue Greeley Square Charles. E. Spragte Francis M. Leake William G. Ross Greenwich Savings Bank E. Cor 6Th Ave James Quinlan Charles M. Dutcher Trease R J. Hampden Roge Prancis M. Bacon, Jr Dollar Savings Bank Third Avenue Jule Ana Troma Denisus Mace John Haffen WM. M. Kern
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