Wall Street Buoyed by Washington Gossip and Court News
Traders welcomed bullish whispers from Washington as the Inter State Commerce Commission suits against railroads were rumored to be dismissed. Opinions split on the Minnesota railway case, with some say ing two cent fare laws unconstitutional while others saw reinforced federal court power. American Oil Refining Company issued its first report, signaling new directions, while interest in bonds remained cautious and some investors shifted toward bonds with a speculative flavor.
MENTIONED IN THIS ARTICLE
Washington
Financial
Inter-State Commerce Commission
Supreme Court
Minnesota
Young
American Oel Refining Company
Railroads Show Improvement in National Situation
Reports to the Interstate Commerce Commission indicate railroads nationwide improved after the October panic. Western and transcontinental lines posted higher gross revenues in late 1907, while Eastern lines faced cash and investment strains though overall revenues rose.
The Foreign Market. London and Berlin Trade Reports
Money demand strong with moderate supply as discounts held steady. Gilt edged securities eased recently while foreigners and Japanese and Russian issues drew support for Paris and New York accounts. Bar silver quiet. private discount rate up slightly. London and Berlin stock markets firm on tariff revision hopes.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris
Nenu
New York
Coffee market shows activity with weakPrices and steady close
Coffee prices declined 5 to 15 points amid European selling and larger Brazilian receipts. Reports say 45,000 bags sold at low prices for this movement, with Brazil’s Sao Paulo government holdings not to be marketed unless needed for consumption. Receipts at Brazilian ports totaled 149,000 bags for the week, Rio unchanged and Santos lower, while U.S. warehouse deliveries reached 134,008 bags.
MENTIONED IN THIS ARTICLE
Brazil
Sao Paulo
Havre
France
Hamburg
Rio
Santos Reis
Rio No. T
United States
New York
Boston stock market shows gains in copper shares
In Boston trading the Nutte Coalition led copper shares with a gain of over 2 points. North Butte rose above 34 and Amalgamated traded above bs as the market remained active and closed near day’s highs.
MENTIONED IN THIS ARTICLE
U. S
North Butte
Sugar Refining Company Reports 1907 Earnings in Boston
The American Sugar Refining Company published its annual report for December 28 1907 to stockholders. Net earnings for the year total 8 749 291 7 per cent dividends including the January 2 1907 distribution of 36 299 980 surplus for the year 2 449 361.
MENTIONED IN THIS ARTICLE
Boston
American Sugar Refining Company
Grain and Provisions Wheat and Corn Market Summary
Grain and provisions trade shows wheat firm on dry Kansas weather and lower visible supply versus year ago with modest export demand. No. 2 red and No. 1 Northern prices listed, while corn rebounds on West weather and reduced visible supply. Liverpool and Berlin lower on futures. Paris weaker. Budapest closes higher on mixed international tone.
MENTIONED IN THIS ARTICLE
Kansas
Northwest Point
Minneapolis
Seaboard
Liverpool
Paris
Berlin
Budapest
New York
Duluth
Cotton Market Hits New Low as Old Crop Steady
The cotton market again posted new season lows with a mixed session. Old crop months held 6 to 11 points above prior levels while new crop hovered around 2 points higher. sales were about 350,000 bales as the market opened steady with a 4.3 point advance. Local spot prices eased about 10 points to 10.45 for mid upland and 10.70 for middling Gulf amid varied Southern spot reports and regional sales.
MENTIONED IN THIS ARTICLE
Okra Urday
Gulf
Mobile
Savannah
Charleston
Norfolk
Augusta
Galveston
New Orleans
Wilmington
Memphis
Houston
Travelers' Letters of Credit Payable Throughout the World
Advertisement for financial services by The Farmers' Loan and Trust Company detailing letters of credit, drafts, cheques, and transfers with branch locations in New York London and Paris and street addresses.
MENTIONED IN THIS ARTICLE
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
New York
Sugar Trust Issues First Open Report to Stockholders
The American Sugar Refining Company released its first public balance sheet as of December 28 1907 detailing assets of 153 449 532 including refineries and warehouses across major cities and a 90 million dollar capital stock. The report notes a 6 299 980 dividend paid January 2 1908 and discusses management discretion over further disclosures amid calls for greater publicity from stockholder Claus A Spreckels.
MENTIONED IN THIS ARTICLE
American Sugar Refining Company
Sugar Trust
Claus A. Spreckels
Pacific Coast
Spreckels
Havemeyer Estate
Havemeyer & Elder
Massachusetts
Regular Auction of Stocks and Bonds at Exchange Rooms
Auction sale by Adrian H Muller and S N Office on March 25 1908 at 12 30 pm in Vesey Street exchanges lists bonds and shares from W right estate including Wabash R R Co Metropolitan Street Ry Co Lehigh & New York R R Co Baltimore & Ohio R R Co and many others with coupons attached. Also includes banks trusts and real estate related securities and notes.
MENTIONED IN THIS ARTICLE
Andrew J. McCormack
Adrian H. Muller & S
William ST
Vesey Street
Mary W. Wright
Wabash R. R. Co
Metropolitan Street
R'way Co
Mtge. & Coll. Trust
Lehigh & New York
Baltimore & Ohio R. R. Co
Southwestern
Toledo, Walhonding Valley & Ohio
R. R. Co
West Shore R. R. Co
Jeffersonville
Madison & Ind
R. R
Taunton
New Bedford Copper Co
Mass
Fulton Natl Bank of
Citizens Central Natl. Bank
James G. King's Sons
Lake Erie, Evansville & Southwestern Aegist Mtg
P. c
Elk & McKean Ray
Lorain & Wheeling R. R
Inter-Borough Realty Co
Century Realty Co
Chatham National Bank
American Exchange Nail. Bank
Suffolk Gas Co
Union Typewriter Co
Lackawanna Steel Co
Queens County Trust Co
Brooklyn
Queens County
R. R. Ist Con
Boston Ctf
Pere Marquette R. R
Pere Marquette R. R. Pf
Realty Associates
Blooming Grove Park Assn
Westinghouse Elec. & Manlg. Co
Pitts
Ft. Wayne
Chicago
American Express Co
Boston & Osage Ol
United States
Mtge. & Trust Co
C. Bas
Virginia Tron. Coal & Coke Co
Hudson Trust Co
N. Y
N.Y
Morton Trust Co
Money and Exchange Rates on the Stock Exchange Floor
On call loans on the stock exchange ranged around 2 percent with last loans at 1 percent and time money at 3 percent for sixty days. Clearing house balances stood at 138,975,435 with a surplus Treasury debit of 291,726. Local banks gained 211,000 since Friday while last week showed a 1,084,000 loss. Sterling closed firm around 4.86 with various 60 day quotes and continental currencies listed. exchange to New York varied by city from 10 cents discount in Boston to substantial premiums in St. Louis and New Orleans.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile
Treasury
Sterling
Aegis
New York
Boston
Chicago
St. Paul
St. Louis
New Orleans
Bank
San Francisco
Silver Quotations Reach London and New York Markets
Bar silver quoted in London at 259 16d per ounce and in New York at 259 16d per ounce. Mexican dollars were quoted at a related rate, reflecting currency market activity during the period.
MENTIONED IN THIS ARTICLE
London
New York
Trustee seeks bond purchase for Pocahontas Gollieries issue
The Knickerbocker Trust Company advertises a plan by the Pocahontas Golli eries mortgage trustee to spend 27 983 20 dollars to buy bonds of the five percent linking fund first mortgage gold bonds. Offers must be sent to 66 Broadway New York by April 14 1908. Trustee William B Randall issues the call.
MENTIONED IN THIS ARTICLE
Pocahontas Gollieries Company
Virginia
Knickerbocker Trust Company
Broadway
New York
WM. B. Randall
Bondholders’ Protective Committee Sets March 28 Deadline
Notice to holders of Consolidated Steamship Lines 4 percent collateral trust bonds that further deposits will be accepted without penalty by The Equitable Trust Company of New York and The Old Colony Trust Company of Boston until Saturday March 28 at 12 o clock noon.
MENTIONED IN THIS ARTICLE
Consolidated Steamship Lines
Equitable Trust Company OF
New York
OLD Colony Trust Company
Boston
Slyin W. Krech
Bordholders’ Protective Committee
A. R. Nicol
Nassau Street
New York City
Bankers’ Trust Company
Wall Street
Western Maryland
R, R. Co
City Trust Company OF
Marcie
New York Stock Exchange
Bardenheuer Hygienic Underwear Company
Bardenheuer Hogicare Underwear Company
19Th Street
Pres
Iron and Steel Corp Offers Extra Operating Capital
Security of principal and exceptional income was proposed to provide Iron and Steel Corporation with additional operating capital to support its ongoing activities and future growth.
MENTIONED IN THIS ARTICLE
Iron and Steel Corporation
Hanover National Bank declares four percent quarterly dividend
The Board of Directors of the Hanover National Bank of the City of New York announces a quarterly dividend of four percent free of tax, payable on and after April 1, 1908. Transfer books will remain closed from March 21 to April 1, 1908. Elmer E. Whittaker, Cashier.
MENTIONED IN THIS ARTICLE
Hanover National Bank of
City of New York
New York
Elmer EB. Whittaker
American Woolen Company
American Woolen, Company
William Howelly, Jr
Boston
Mass
NEW York Central and
Wadson River Railroad CO
Tr Ns
Edward L. Rossiter
3Iscuit Company E
Trans F. BE. Bugbee
Fourth National Bank of
City of
Charles H Patterson
American Telephone and Telegraph Company
WM. R. Driver
United Traction and Electric Company
Jersey City
N. J
Sweetland
Company of New York
Liberty Street
M. C. Coggeshall
Also Mentioned on This Page
Sugear
Washington, D. C
Great Railway Systems of America
Franklin K. Lane
Lane
Railroads of America
Henry C. Adams
New Haven & Hartford
Central Baltimore & Ohio
Pennsylvania
Pittsburg
Southern Railway
Rocky Mountains
Rock Island
Milwaukee & St. Paul
Northwestern
Milwaukee
Atlantic Seaboard
New York Central
Baltimore & Ohio
Pennsylvania Lines
Easland
Aoe
Foreign Public Securities
Steere Aee
Fesee Tns
Bava
Saxony
City
Cologne
Tao
Munich
Augsburg
Frankfort-on-Main
Ene
Brill Consols
Aspe
Ses oFay
Lon- N
Netdon
Equiv
Cross
Ian Pacific
Erie Seeey
Erie
Illinois Central
Louis, & Nash
Central
Sos
Ty South
Pacific
Steel
Copenhagen Bank
Copenhagen
Detailhandlers’ Bank
NEW York Times
Ecesserneese
Ota Stata
Weeee
Boston Stock Market
Associated National Banks of Boston
Bell Tel
Mexibas Central
Nee
West, Tel, & Tel, Bs
Atchison
CC J. Ry
sConhi
Fitchbure ‘Pf
Sane
Fast Boston Land
Edison
Wenenveses
Pulimanaha Renews Rese
Swift & Co
Union Co Ts
United Fruit
Sweer
United Shoe Mach
U. S. Steel Eteenee
Tee Eeee
Amalgamated Eeee
Allouez Sevewe Oa
Ccsacevecs
Ariz Com Seaesacere
Atlantic
Etesece
Boston Consseace
Butte Coalition
Aay
Cal & Arizee
Cal & Hecla
Con Mercur Seeee
Daly-West Yy
Franklin Wee Wees
Pan
Nevada
Welsewes Baur
Butte
Eees Ree
Dominion
Osceola Pape Nee Tees
Parrot
Eeeseeesens
Quincy Steeee
Shannon
Tamarack
Trinity Seen Ees
Victoria
Victoria Se Ewanee
Wolverine
Pork
Ereceenes
Ose
Bishopsgate
Rue de Richelieu
Mr. Spreckels
The
Money and Exchange
White Knob
Oscar Bamberger
Cee
Box
Prosperous Manufacturing Corporation
Best City Bank
New York Financial District
Times
Times Square
International Mercantile Marine Co
Messrs. J. P. Morgan & Co
James F. Fahnestock, Jr
Village of
Rye, New York
Wm. A. Read & Co
State Street
East German Street
Baltimore
la Salle Street
Atty
Willard V. ‘. FB. Hepburn
Howard Bayne
V.pres
Treas
Park Terrell
Mgr. Bond Dept
ING
William H. Nichols
Langley W. Wiggin
David 8. Mills
John PD. Barrett
Anthony R. Kuser
Johnson & Higgins
South Jersey Gas, Electric & Trac
Samuel G. Bayne
John KR. McGinley
Seaboard Nat
Gan
E. C. Benedict
J. V. McNeal
Banker
Roberts. Bradley
General Chemical Co
Frederick H. Eaton
Augustus G. Paine
Am. Car and Foundry Co
New York and Penn
James M. Gifford
WM. RK. Peters
Am. Agricultural Chemical Co
Peters, White & Co
Henry Goldman
Clarence W. Seamans
Goldman, Sachs & Co
Bankers
FRANK
Hastings, Hermann ,Sielcken
Crossman & Sielcken
Indianapolis Gas Co
Western Maryland Railroad CO
Exchange
Samuel Untermyer
H. Smith
Richard Sutro
Welleam F. Sfarrity
Edward L. Fuller
George Cator Fairfax S. Landstreet
Nationa
Alvin W. Krech
Henry EH. Cooper
Sloss Iron & Steel Company
Sloss Iron& Steel Company
Birmingham
Alabama
E. Ll. Morris
Niagara Fire Insuranceompany
Tiberty Street
Geo.w. Dewey
Tion
Winyah Park Realty CO
PELFA
Whll
Wall St
H. M. DE Lanoie
the Provident Savines Life Assurance Society of New York
John W. Wrogman
New
State OF New York
Secretary of State
New York and
South Brooklyn
Albany
James L. Whalen
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