Market Test of Advance Shows Mixed Signals
A two week rise in prices faced a distribution of stocks to raise funds while sales and short selling created heaviness. Despite a sharp rally on Tuesday and credible performance amid unfavorable news, the market remains artificial and uncertain.
MENTIONED IN THIS ARTICLE
Wveek
New York Central Railroad
Crucible Steel Company
Union Typewriter Company
Corn Products Company
Westinghouse Air Brake Company
Washington
Senate
Tillman
New York City
Western Railroads
Casa
Copper prospects lift Boston markets amid rising demand
Boston copper circles show optimism after The New York Times note of higher demand and mine cost cuts. Dow of Franklin Mining reports ample ore and 1,000,000 pounds on hand, with shipments from Barus, North Butte, and Butte Coalition varying in copper content. Smelter capacity increases, new mines, and ore shipments across Arizona, Utah, and Nevada drive expectations of April activity.
MENTIONED IN THIS ARTICLE
New York Times
Boston
Dow
Franklin Mining Company
Butte
Washoe
Butte Coalition
Barus
North Butte
Arizona Commercial
Helvetia Mining Company
Shannon
Tucson
Arizona
Imperial
Sasco
Ricketts
Greene Cananea
Utah
Boston Consolidated Smelter
Nevada Consolidated
Cumberland- Ely
Davis-Daly
Colorado Line
Ojibway
Calumet and
Railroad cuts red tape on small freight claims
The Pennsylvania Railroad introduces a policy to settle small proper freight claims directly by local agents and division agents cash payments, aiming for faster settlements. The Auditor's Department remains involved to ensure claims are just and proper under the Hepburn law, with expanded claim department staff.
MENTIONED IN THIS ARTICLE
Pennsylvania
Pennsylvania Railroad
Dvision
General Office
Department
Financial Notes and Bond Movements Highlight Market
W J Wollman sails on the Lusitania for a four week Europe trip. The Chicago Rock Island 2 year 4% notes maturing April 1 1908 expire today and must be presented at Speyer Co Pine Street. A majority of the Consoli dated Steamship Line bonds deposits are with the Bond holders Protective Committee. Deposits accepted by ae Trust Company New York and Old Colony Trust Boston through March 28 noon. Minority stockholders of Alabama Consolidated Coal and Iron oppose the plan to exchange stock for a new third mortgage issue, prompting abandonment of the proposal.
MENTIONED IN THIS ARTICLE
W. J. Wollman
Stock Exchange House of J
Bache & Co
Lusitania
Europe
Chicago, Rock Island & Pacific Railway Company
Speyer & Co
Pine Street
Alvin W. Kreoh
Consolidated Steamship Line
Ae Trust Company
New York
Old Colonyist Company
Boston
Alabama Consolidated Coal and Iron ‘Company
Third Mortee Saer
Railroads report February accidents in First District
Public Service Commission figures show February accidents across railroads and traction firms within the First District, with January and December comparisons. The table lists totals, injuries, and serious casualties, including fatalities, for the period reported.
MENTIONED IN THIS ARTICLE
Public Service Commission of the First District
London rate cut fails to spur loan capital
In London on March 22 the Bank rate reduction to 3 percent did not increase loanable capital. The Stock Exchange saw public indifference to Grand Trunk debentures and weak interest in new issues, signaling a cautious investment mood.
MENTIONED IN THIS ARTICLE
NEW York Times
London
The
Stock Exchange
Grand Trunk
Steel market steady with limited gains in Pittsburg district
Iron and steel market conditions show little change week to week. Production edges up slightly in some mills, demand steady for tin plate, and new business booked by Carnegie, Oliver, and Jones & Laughlin firms. No major rail or structural contracts yet, though some large projects loom.
MENTIONED IN THIS ARTICLE
New York Times
Pittsburg
Penn
New York
Carnegie Steel Company
Oliver Iron and Steel Company
Jones & Laughlin Steel Company
Bessemer
Republic Iron and Steel Company
Youngstown
Sharon Steel Hoop Company
Hoop Mills
Carnegie Company
American Sheet and Tin Plate Company
Wood Sheet
McKeesport
Sharon
Oliver
Smithfield Street
Oliver Avenue
Sixth Avenue
Edgar Thomson Works
Isthmian Canal Commission
Shenango Furnace Company
Sharpsville
Shenango
Youngstown Steel Company
Bessemer Iron
Andrews & Hitchcock
Girard
Improvement in Paris Bourse Signals Market Recovery
Paris reports a further modest uptick on the Bourse with firmer prices and livelier trading. Authorities say political and economic conditions hold, but the pessimism that has dominated for over a month seems set to fade as abundant money should support commerce and lift stocks and bonds.
MENTIONED IN THIS ARTICLE
NEW York Times
Paris
Fights Over Subways Continue as City Plans Public Hearing
A city hearing set for today at 2:30 p.m. will weigh building part of the Fourth Avenue subway in Brooklyn. Officials consider funding by sections to avoid debt-limit issues, with two proposed sections to be contracted between Nassau Street and Ashland Place. The plan aims to synchronize Brooklyn and Manhattan construction and secure favorable operating terms.
MENTIONED IN THIS ARTICLE
Metz
Pendleton
Nelson P. Lewis
Board of Estimate
Fourth Avenue
Brooklyn
Council Chamber
City Hall
Coler
Dillon
Nassau Street
Ashland Place
Public Service Commission
Manhattan Bridge
Forty-third Street
Commission
Flatbush Avenue
Nassau Avere
Ritchby Street
Athus Venue
Willoughby Grreve
Saneee Place
We Bier
Ansaree Street
Meta
Lexington Avenue
Subway
Manhattan
Oriental Bank to Begin Paying Depositors Today
Bank officers worked late to prepare for depositor payments as over 4 million dollars in cash is readied. About 8,000 accounts will be closed with alphabetic payment order starting with A and continuing to B and beyond.
MENTIONED IN THIS ARTICLE
Oriental Bank
Clearing House
Hugh Kelly
Oriental
New Amsterdam National
Lkely
February trade surplus steadies gold export risk
The February report shows exports rising and imports falling for a four month run, yielding an $88,748,361 trade surplus and a FY eight month surplus of $520,889,724. With European rates falling and a large positive balance, bankers expect no significant gold exports this spring. The period reinforces the view that gold was ours, not borrowed, and remains so.
MENTIONED IN THIS ARTICLE
Europe
Bank of England
Also Mentioned on This Page
Aldrich
American Railway Association
United States Steel Corporation Management
New York Central
Central
National
Railway Association
Steel Corporation
Berlin
Reichstag
Bears
Baltimore & Ohios
Treasury
Japan
Redmondace
Chestnut St
Philadelphia
Pine St
New York Stock Exchange
Spencer Trask & Co
William and Pine Sts
Louisville & Nashville
Connecticut
New Jersey
Wall Street
N. W. Halsey & CO
Wall St
Chicago
San Francisco
Broad ST
Travelers Letters of Credit
Kountze Brorthers
Broadway
Cedar St
City OF
Baltimore
Adams & Company
Wall Street, N. Y
Congress St
Boston Copper Gossip
Kearsarge Lode
Old Dominion
Maggie
Railroad
Financial Notes
Railroad Systems
United States
Potter, Ghoate & Prentice
Tel
Hanover Bank Building
Edward B. Smith & CO
Nassau Bank
Comer Nassau and
Beekman Sts
Dominick & Dominick
N. Y
United Bank Note Corporation
SCRIP
State of New York
Kountze Bros
Primrose
BRAUN
Trust & Fire Ins. Co
Hanover
Exchange
Bertron, Storrs
Griscom
Land Title Building
Henry Glews & Co
N. ¥. Stock Exchange
Tolman Bros. Securities CO
U.S. Steel Bonds
Chisholm & Chapman
New York Stock
Fifth Ave
ST. Paul
MINN
Omaha
Moffat & White & Xnassau
Simon Borg & CO
Nassau St
Investment Securities
J. G. White & Company, Inc Engineers & Constructors
Exchange Place
Lawrence Barnum Co
Bankers
Wlliam P. Bonbright &Co
George St. ’ Mansion House
CK Exchange
Colorado Springs
Colorado
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