Wall Street Sees Mixed Rally Sparks Market Debate
After the close traders debated whether the rally reflects solid fundamentals or a temporary push by professionals. Brokers noted holders chose to keep gains, while uncertainty and rumors swirl around Morgan & Co becoming Brookly n Rapid Transit fiscal agents and the impact on sentiment.
MENTIONED IN THIS ARTICLE
Morgan & Co
Brooklyn Rapid Transit Company
Financial
Steel Orders Jump as Gary Reports 1907 Surplus Rise
The United States Steel Corporation reports 1907 net earnings of 160,964,673 with a 69,179,836 surplus after charges and dividends. Orders rose in early 1907 then slowed, total 1907 shipments fall slightly from 1906, payroll climbs by over 18 million, and Gary notes improving bookings through February. Exports total 1,014,082 tons while domestic demand lags.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Gary
Saies
Ind
Steel Corporation
Tennessee Coal, Tren and Railroad Company
Treasury
Tennessee Coal and Iron Company
Schley-Berwind-Gates
Controller designates Carnegie Trust as lawful depository
State Controller Glynn designates the Car negie Trust Company as a lawful depository for all New York courts funds. N. W. Harris & Co offer investors 1 million dollars in People’s Gas Light & Coke Refunding Mortgage bonds due 1947. John P. Grier retires from Bartlett Frazier & Carrington on July 1 and joins C. D. Barney & Co. in Bartlett offices. A Louisville Traction stockholders meeting in Jersey City on April 15 considers increasing capital to 18.5 million dollars via 1 million additional preferred shares. Security Company officer list includes Edgar Levy president John Cimmins Cyril Burdett secretary William Harte treasurer Chauncey Humphreys assistant treasurer. The 7 Court of the New York Mortgage &
MENTIONED IN THIS ARTICLE
Glynn
Carnegie Trust Company
State of New York
N. W. Harris & Co
S Gas Light &Coke Company
Chicago
Mort
John P. Grier
Bartlett, Frazier & Carrington
C. D. Barney & Co
Bartlett
Broad Exchange
Louisville Traction Company
Jersey City
Liznard
New Yorker
United Section
Poalppable, Frost Company OF
New Yor
City Trust Company OF
Boston
Marco
New York Stock L Exchange
Misouri, Kansas & Texas Railway Co
Parsons
Kansas
Missouri, Kansas & Texas Railway Company
Laws of Kansas
New York
Wall Street
Adrian H.ora
Co. N. Whitehead
Bush Land Company
Broad Street
Borough of Manhattan
City of New York
Herbert 8B Boughton
Busa Terminal Railroad Company
H.W. Greene
Bush Terminal Company
Remsta
H. W. Greene
Treasury balances report figures for March 20
National bank mates redeemed totaling 1,487,736 dollars. Government receipts from Internal Revenue 791,095 and customs 822,849 with miscellaneous 20,250. Expenditures reached 2,310,000. Reserve fund holds 150,000,000 in gold. Trust funds to redeem outstanding certificates total 835,519,869. Silver dollars total 453,009,050 with 1800 issue noted. Current liabilities stand at 126,861,980.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Reserve Fund
Socas
Philippine
European Markets Report From London Paris and Berlin
March 20 market notes show larger money supply and steady discounts in London with dull business in most sectors. American securities held up early but Wall Street dividend fears capped activity while New York lifted Union Pacific and Steel briefly. Paris firm on the Bourse with three percent rentes at 96 francs 97 12. Berlin prices firm yet trading quiet.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Wall Street
Continent
New York
Union Pacific and Steel
Paris
Atchison
Can. Pacific
Erie
Illinois Central
Louis & Nash
N.Y. Central
Ogi
Savannah
Norfolk
Aususta
Galveston
wWe
New Orleans
Memphis
Houston
1907 Cotton Crop Totals and Ginneries Count
The census reports 1907 cotton crop at 11,261,168 running bales with 27,577 ginneries. States show running bales by Alabama 1,126,028 Arkansas 760,162 Florida 57,616 Georgia 1,891,900 and more. Average bale weight 501.8 pounds. linters total 276,500 bales. Sea Island 86,798 bales.
MENTIONED IN THIS ARTICLE
Washington
Alabama
Arkansas
Florida
Georgia
Kansas
Kentucky
Louisiana
Mississippi
Missouri
New Mexico
North Carolina
Oklahoma
South Carolina
Tennessee
Texas
Virginia
Illinois
Virginias
Sea Island
Linters
Elven
Cotton Mills Announce Weeklong Curtailment
Fall River plants owned by M C D Borden will close next week and run on alternate weeks until four weeks of curtailment are completed. The American Printing Company, largest producer of printed fabrics in the U S, employs about 750 workers. The Iron Works Company runs seven mills and employs 5,000 workers.
MENTIONED IN THIS ARTICLE
Fall River
Mass
Cotton Market Sees Mixed Moves Amid Curtailed Output
Cotton advanced on hopeful cables then weakened to new lows after reports of reduced Fall River production. The market closed steady with a 10 17 point decline and 350 000 bales sold. Census shows 11 261 000 bales for 1907 08. weather and movement figures are noted, with port receipts and inland stocks detailed.
MENTIONED IN THIS ARTICLE
Fall River
King
Mills
Canada
Harriman Line Officials Assess Westbound Traffic
J. C. Stubbs in charge of traffic reports departure to the West. Union Pacific official notes general merchandise movement and traffic volume not materially different from the same period last year.
MENTIONED IN THIS ARTICLE
Harriman Lines
J. C. Stubbs
Stubbs
West
Union Pacific
Holders of the $6,000,000 Four and One-Half Per Cent Notes
A notice to holders of the 6 million dollar two year collateral trust gold notes announces details of a forthcoming event. The document outlines rights and obligations for the noteholders and related trustees under the collateral agreement.
CRI&P Extends Notes to 1909 With 6 Percent Interest
Chicago, Rock Island & Pacific Railway Company extends notes until April 1 1909 through Speyer & Co. Investors may renew at 6 percent interest payable semi annually with 5 per 1000 note cash incentive. Extended notes secured by Rock Island Arkansas Louisiana R R Co 4 percent bonds.
MENTIONED IN THIS ARTICLE
Messrs. Speyer & Co
Rock Island
Arkansas
Louisiana
R. R. Co
Pine Street
New York
Chicago, Rock Island & Pacific Railway Company
Borough Board Delays Fourth Avenue Subway Vote
At a Brooklyn Board of Estimate meeting a plan to build the Fourth Avenue subway was sent to a select committee to study finances and contract forms. Citizens jeered Controller Metz while Brooklyn Borough President Coler condemned the delay as stalling the project.
MENTIONED IN THIS ARTICLE
South Brooklyn
Board of Estimate
Fourth Avenue
Coler
Brooklyn
Nelson P. Lewis
Brooklyn Terminal
New
Manhattan Bridge
Forty-third Street
Metz
Nassau Street
Sackett Street
Select Committee
New York Incorporations Spark Wide Business Drive
Albany notices list multiple New York enterprises formed March 29 with varied capitals and directors. The Independent Brewing Co. in NYC leads, joined by Golden Hill Building Co. and many others in Brooklyn, Yonkers, Freeport, New Rochelle and across Long Island with capitals ranging from 1,000 to 200,000 dollars and new corporate officers named.
MENTIONED IN THIS ARTICLE
Albany
Independent Brewing Company of
New York City
Capital
Robert FE. Payne
Fifth Avenue
Ralnh Mixeridad
Gilsey
New York
Frank Lawton
Union Street
New Rochelle
X. Y. Bailey Construction Company
Brocton
Chiautauqua County
Ernnest J. Bailey
Louis Baquin
Ruth Bailey
N.Y
Maurice M. Karanot
170Th Street
Charles S. Bloch
Park Place
Brooklyn
Six Mills Company
Yonkers
Westchester County
R. F. Shaw
St. Andrews Place
N. Y
Alex Cortine
North Twenty-ninth Street
Philadelphia
Penn
Paul Jaulus
West 119Th Street
Second Avenue
S. M. Stainach
White Plains
M. C
Frank S. Fitch
Hackensack
N. J
Ray
J. S
Bernard A. Ryan
First Avenue
Proctor Wall
West End Avenue
George W. Winkleman
East 127Th Street
Harbor Hotel Company
Oyster Bay
Nassau County
Henry B. Collins
la Mira Chemical Company
Maurice F. Schlesinger
Regina Schlesinger
East Eleventh Street
William Lornenser
Mount Vernon
Sirius Lamp and Stove Company, Inc
Heinrich Schwab
East Eighty-sixth Street
Bernard B. Herschel
Seventh Avenue
Martin Zatulove
Longwood Avenue
Gomprecht
Gustav Gomprecht
Martin Gomprecht
Warry C. Gomprecht
East Ninety-sixth Street
Dividends Declared by Major New York Firms in March 1908
The Board of Directors of New York Central and Hudson River Railroad declares a dividend of one and one quarter percent payable April 15 to stockholders of record April 24. Havana Electric Railway Co announces a 1.50 dividend per preferred share payable April 15 to stockholders of record March 31. National Bank of Commerce in New York proclaims a 2 percent quarterly dividend payable April 1. Hudson Realty Co and American Coal Products Co also declare quarterly dividends with books closed around late March and early April.
MENTIONED IN THIS ARTICLE
NEW York Central and Hudson River Railroad CO
New York
Edward L. Rossiter
Havana Electric Railway CO
Broadway
H. Kraemer
National Bank OF Commerce
Neilson Olcott
Hudson Realt. Company
N.Y
Samuel E. Jacobs
American Coal Products Company
U. W. Weeks
Associated Merchants Company
Rey Havoken
N. J
Vth
Igos
Citizens Central National Bank OF New York
Albion Ed
Chapman
Hanover National Bank
City of
Elmer E. Whittaker
Fourth National Bank of
Charles H Patterson
United Gas Improvement Company
N. W. Cor
Broad &Arch Streets
Philadelphia
Penn
T.ewis Lillie
Samuel Ingtermyer Quoted as Counsel for Committee
A fragment notes Samuel Ingtermyer as counsel for the committee with a March 16 reference. The text appears as a quoted position in a legal or official proceeding.
MENTIONED IN THIS ARTICLE
Samuel Igntermyer
Auction Sale of Stocks and Bonds by Executors of Estate
A notice for an auction on March 25, 1908 at 12:30 PM in Vesey Street Salesroom, by order of the executors of Mary W. Wrights estate. The listing includes numerous bonds and mortgages from railways and corporations, with details of series, interest and maturity. Also notes a dissolution of Kelley Miller Co and formation of Kelley Howell Co by Albert T Kelley Austin P Kelley and Charles L Howell.
MENTIONED IN THIS ARTICLE
Kelley, Howell & CO
Wall St
Kelley, Miller & CO
Albert T. Kelley
Austin P. Kelley
Charles L. Howell
Charles E. Miller
Dividend notices and share transfers from early 1900s banks
A compilation of bank notices announces annual and quarterly dividends for various New York and Philadelphia institutions. Details include transfer book closes, record dates around March 25 to March 31 1908, and dividends ranging from two percent to one and a half percent with payments scheduled through April 1908.
Indispensable Aid to Investors
The New York Times Weekly Financial Quotation Review offers full and accurate tables of prices for bonds, stocks, industries, and outside securities for one dollar a year mailed to any U S address. This leading authority on world finance is universally acknowledged.
MENTIONED IN THIS ARTICLE
United States
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Fairfax S. Landstreet
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Adrian H. Muller & Son
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Mary W. Wright
Wabeshit. R. Co
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Lehigh & New York
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Fallimore
Ohio
Ht. R. Co
Toledo
Walhording Valley
Taunton
New Bedford Copper Co
Fulton Natl Bank of
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St. Louis & Western R
Provident Savings Life Assurance Society of New York
Century Realty Co
National Fark Bank
Lawyers Title Ins. & Trust Co
N. Y. Mortgage & Security Co
Gooshs
Deneysland & Brooklyn R.R. Co
Coudersport & Port Allegheny R. R. Co
Mobile
Montauk Extersion R. R
Lorain & Wheeling R. R. Con
Inter Borough Realty Co
Century Iealty Co
Chatham. National Bank
American Exchange Natl. Bank
S ‘Folk Gas Co
Union Typewriter Co
Multiphone Operating Co
Long Island Loan & Trust Co
Crosstown A. &. Co
Mabon & Co
Hanover
Copartnership Notices
Haland
Alvin W. Krech
Bendhokers’ Committee
Henry E. Cooper
North River Insurance Company
William Street
F. T. Crum
Niagara, Fire Insuranceompany
Per
Liberty Street
Tuesay
Geo. W. Dewey
Belmont Land Co
Bayside
Williams Street
New York Times Weekly Financial Quotation Review