Market Standstill Reflects Cautious Investor Tone
The stock market last week showed near halt in trading with total weekly volume a fraction of typical daily activity and prices largely unchanged on major rails while Interborough Metropolitan and steel shares gained on new orders. London and New York markets both exhibit slack turnover, scarce speculation, and a sober outlook ahead of easing money rates.
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Lst
Interborough Metropolitan
Interborough-Metropolitan
Erie Railroad
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NEW York Times
London
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de Beers
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Rock Island
Bank of France
Germany
Gould Securities Stability Amid Rumors of Receivership
The discussion notes expected market upheaval from a receivership rumor involving Gould properties, including Missouri Pacific. Despite months of alarms and denials, the International and Great Northern Railroad received a receivership claim yet the market remained steady last week, signaling improved stability.
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Gould
Stock Exchange
Missouri Pacific
International & Great Northern Railroad
Coal Miners May Strike In Western States
Western Pennsylvania, Ohio, Indiana, and Illinois miners face a potential walkout starting April 1 after operators failed to reach agreement at an Indianapolis convention. Operators seek mine closures to steady prices while miners refuse wage cuts, and UMWA members are said to plan to quit work April 1.
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French financiers watch dull Paris stock market as New York mood drags on
Paris financiers question why stocks and bonds stay dull despite plentiful money and solid business. Prices barely hold and activity remains muted as the weak New York Exchange feeds the malaise. Some buying of American issues like railways persists in hope of early profits while Paris waits for a fresh upturn.
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Great Northern
Erie Railroad
Erie
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William and
New York Times
Paris
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New York
Price Reduction in Domestic Coal and Iron Markets One Cause
Berlin gloom pervades Berlin Boerse as English steel trade downturn and lower domestic coal and iron output press prices. Bears cover only. monthly account fears limit drops. Hamburg America dividend cut spooks shipping shares. American rails steady as week ends Feb 29, 1908.
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