Copper Dividends Cut As Markets Show Little Change
Financial markets posted little movement with a generally flat day and slight gains in some stocks. Union Prolific rose briefly on reports of possible Hepburn bill defeat and Knickerbocker Trust prospects, while Southern Railway and Erie fell amid uncertainty. Copper and iron sectors signaled mixed prospects as Calumet and Hecla and Wolverine cut dividends, hinting at Amalgamated Copper’s future plans. Bank funding and money market activity improved modestly as government deficits and currency shifts influenced deposits and circulation.
MENTIONED IN THIS ARTICLE
Union Proffic
Washington
Knickerbocker Trust Company
Southern Railway
Erie
Calumet and
Hecla
Wolverine Mining Company
Amalgamated Copper Company
Great Butte
United States Rubber Company
Sub-Treasury
Act
Treasury
Calendar for Today Annual Meetings Listed
Calendar announces today’s meetings for multiple firms including American Ice Securities Co Calumet and Hecla Mining Co Childs Co common and preferred BH I Du Pont de Nemours Powder Co Lindsay Light Co Western Gas Co Derrymen Manufacturing Co Dominion Coal Co McKinley Darragh Mining Co New Amsterdam Gas Co Railway Steel Springs Co Stuyvesant Insurance Co in Chicago with close of books noted.
MENTIONED IN THIS ARTICLE
American Ice Securities Co
Calumet & Hecla Mining Co
Childs Co
BH. I. Du_Pont-de Nemours Powder Co
Lindsay Light Co
Chicago
Western Gas Co
Derrymen's Manufacturing Co
Dominion Coal Co
McKinley-Darragh Mining Co
New Amsterdam Gas Co
Railway Steel Springs Co
Stuyvesant Insurance Co
Gary Rail Plant Set for Six Month Start at Gary Indiana
United States Steel Corporation announced the Gary Indiana rail mill will begin producing open-hearth rails in about six months. The plant will have an annual capacity of 760,000 tons, rising toward one million tons under full operation.
MENTIONED IN THIS ARTICLE
United States
Steal Corporation
Gary
Ind
Money on Call and Exchange Rates Report
Money on call on the Stock Exchange ranged from 1% to 18% with the last loan at 1% and most loans near 18% per cent. Time money offered for sixty days at 2 3 2 8 per cent and longer terms up to six months. Mercantile paper at 5 2 4 6 per cent. Clearing House: exchanges 294,082,867 dollars, balances 10,136,710, debit 1,300,371. Local banks show a weekly loss of 442,000. Sterling at 4.8665 to 4.8670, sixty days 4.8360, cables 4.8603 to 4.87. Continental bills: francs 5.20 less 1 22 and 5.171 less 1 32, reichsmarks 9 4 38-16 and 9 3 5 5 plus 1 three eighths, guilders 40 83 16 less 1 64. See Exchange on New York. Boston quotation 10 12c discount, Chicago 20 30c premium, St Paul 8 50 premium, St Louis 6 00 premium, New Orleans commercial 50c discount, bank 25c discount, San Francisco 1 dollar premium.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile
Clearing House
Sub
Treasury
Sterling Exchange
Reichsmarks
Guilders
Exchange
New York
Boston
Chicago
St. Paul
St. Louis
New Orleans
San Francisco
Silver Quotations in London and New York
Bar silver quoted in London at 246d per ounce and in New York at 554je per ounce. Mexican dollars priced at 47a.
MENTIONED IN THIS ARTICLE
London
New York
New York Stock Exchange Action on March 4 1908
The New York Stock Exchange reports market activity for Wednesday March 4 1908 with overall turnover and price movements across key securities. Details describe trading volume fluctuations and notable gains and losses among leading stocks.
MENTIONED IN THIS ARTICLE
NEW York Stock Exchange
Produce Exchange Stockes Prices Report
Principal stock transactions reported yesterday in the stock department show openings highs lows and last prices for items such as Beaver Sup and Br Mint with values like .70 to 60 and 1,250 shares traded, reflecting a fluctuating market. The fragmentary figures point to limited data on specific stocks and quantities transacted.
MENTIONED IN THIS ARTICLE
the Produce Exchange
Br. Mint
Nevada Gold Stocks Center Market Report
The curb market showed little activity with a flat close. Copper stocks moved irregularly in narrow limits while Nevada Gold Stocks drew most attention. Goldfield Consolidated traded 17,480 shares with prices fluctuating within 1 16 and closing 1 16 above the opening figure at the day’s high.
MENTIONED IN THIS ARTICLE
Nevada
Goldfield Consolidated
Consolidated Exchange Report of Unlisted Securities
The article lists bid and asked prices at the close and reports yesterday’s outside market principal transactions with opening high low and last prices. It names unlisted securities and summarizes price activity.
Colorado Mining Stocks Closing Quotes at Colorado Springs
Special to The New York Times lists closing quotations on the local exchange in Colorado Springs Col March 4 with bid and ask prices for Acacia, Gerata, K N Ste, Dante, McKinney, Dr Jackpot, Portland, Vindicator and other listings. Notable figures include Portland at 108 1 2 and Findlay at 30 with a 933 3 4 bid.
MENTIONED IN THIS ARTICLE
New York Times
Pittsburg
Cabie
Crucible Steel
Ind Brewing
L. Tee
Tonopah
Union Si Ci
I Steel
LC Sel Pt
Lg Westinghouse A. B
Bond. Pitts. Brewing
Colorado Springs
Col
Local Exchange Today
Acacia Wenpe
Work
Findlay USA
Johnson
Wheat and corn markets swing on shifting U S price moves
Prices for wheat surged to new highs after opening but cooled near midday amid heavier supplies. Reports from Minneapolis and export activity, including Manitoba wheat, influenced gains though interior totals remained near last year. Cash wheat in New York closed with No 2 red at 1.08 1/2 dollars, No 1 Northern at 1.20, and No 2 hard at 1.16 1/1. Corn showed early strength on mild weather but lost most of its advance with No 2 corn at 1.00, No 2 white at .50, and No 2 yellow at .65.
MENTIONED IN THIS ARTICLE
Mapolis
Manitoba
Liverpool
Antwerp
Budapest
Berlin
New York
Duluth
Chicago
American Radiator Reports Strong Profit and Assets
American Radiator Company releases annual report. President Woolley states net profits for year ended Jan 1 were $890,724 with $519,000 in dividends declared, leaving earnings of $389,724. Net and quick assets amount to $8,249,511.
MENTIONED IN THIS ARTICLE
American Radiator
American Radiators Company
Woolley
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