European Markets Hesitate Amid Profit Taking And 1907 Echoes
The week saw subdued stock activity in Europe with irregular gains driven by professional traders rather than public investment. Analysts note early 1907-style patterns, a rising bond market led by Pennsylvania issues, and improved bank clearings while crop prospects remain favorable. London and Berlin markets show cautious recovery amid money abundance and regulatory chatter. American rails advance despite broader malaise.
MENTIONED IN THIS ARTICLE
Wall Street Commission
Pennsylvania
Financial
Interborough
Jacob E. Schiff
England
France
Spode
Wensels
Hhe
Economist
Steel Trade Holds Buyers to Contracts Amid Market Shakeup
Pittsburgh reports a shift in iron and steel sales as producers refuse cancellations, keeping buyers to last year’s prices. Ore contracts begin shipments, and two Pennsylvanian sheet plants resume production. Demand grows for tin plate while coal mines and railroads adjust stocks. union talks in Youngstown foresee renewal without wage demands.
MENTIONED IN THIS ARTICLE
Amieamated Association of Tron, Steel, and Tin Plate Markets
Anaus
Youngstown
Ohio
Argentina Sells Oats to United States Market
Argentina ships oats to the United States marking an early cereal import amid growing South American grain exports. Authorities expect rising shipments as Argentina and Canada boost grain output. 1907 to 1908 figures show a sharp rise, with projected exports reaching about 325 million bushels of wheat within five years.
MENTIONED IN THIS ARTICLE
Argentina
United States
Commission House
Chicago
Iba
Department of Agriculture
Cana
Chile
Uruguay
South America
Paris Prices Higher on Positive American Rail News
Good news from America lifted Paris Bourse prices in the past week as investors responded to favorable developments in American railways. Traders noted improved sentiment across rail and related shares, buoying the market despite mixed European signals.
MENTIONED IN THIS ARTICLE
New York Times
Paris
America
Brokers and Clients Securities In Wall Street Alleged
The article examines suspicions of misused client securities after a brokerage failure. It notes brokers pledged client holdings for loans, discusses transfer and safe-keeping practices, and outlines legal questions about collateral, restitution, and liability for losses under various court rulings.
MENTIONED IN THIS ARTICLE
Stock Exchange
Securiiies
Wall Street
Charles Coster
Central Federated Union Recommends Forfeiture of Port Chester R R Rights
The Central Federated Union adopted resolutions requesting the Board of Estimate to forfeit all rights of the New York and Port Chester Railroad Company. It contends the Union supported the franchise under the belief the Port Chester Road would compete with the New York, New Haven and Hartford, which it does not.
MENTIONED IN THIS ARTICLE
Central Federted Union
Housesmiths
Tan
Board of Estimate
New York & Port Chester Railroad Company
Central Federated Union
Port Chester Road
New York, New Haven & Hartford
Heavy Bond Trading Tops Exchange Noted Since January
The New York Stock Exchange reported 4,219,000 in bond dealings last Friday, the largest daily total this year and the highest since January 19. Pennsyl vania Railroad Consolidated 4s and New York City bonds led activity, with Union Pacific Convertibles and other issues also active as the market remains buoyant and bond houses note ample supply for selling treasuries.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
New Pennsylvania Railroad Consolidated
New York City
Union Pacific
Rock Island
Chicago
Stock Exchange
Financial
Treasury
Interborough syndicate profits from $325 million note issue
The J P Morgan group formed a syndicate to underwrite the three year six percent note issue of the Interborough Rapid Transit Company. They earned about 2.5 percent in profit plus a 2 percent management commission, totaling roughly 3 percent. The flotation cost to IRT was $1.25 million, with bankers netting about $500,000 and syndicate members about $685,000, plus expenses.
MENTIONED IN THIS ARTICLE
J. P. Morgan ‘& Co
Interborough Rapid Transit Company
Wall Street
Financial
Syndicata
Copper Gossip Tracks Baltic Lode At Atlantic Mines
Boston May 9 There is little doubt that the Baltic lode is in the twelfth level of Section 16 shaft at Atlantic Copper. Three feet of heavy copper rock found. Copper Range reports last year’s cost at 9.58 cents a pound for all companies, placing the firm among low cost producers. North Butte earnings at $6 per share for March, acreage up to 200 acres. Cumberland Ely begins ore shipments to Steptoe, British Columbia Mine to resume after idle period. Junction shaft of Snerier and Pittsburg ships one carload daily. grade sometimes 2% per cent. President Just back from Arizona says Shannon could produce 20,006,000 pounds this year at 11 counts cost, reserves large. Some April copper outputs listed.
MENTIONED IN THIS ARTICLE
Boston
Atlantic
North Butte
Old Dominion
Cumberland-Ely
Steptoe
British Columbia
Snerier
Pittsburg
Arizona
Shannon
Also Mentioned on This Page
Europe
Congress
Texas Railroad Commission
Oklahoma
Bank of France
London
Germany
Erveratty
Union Pasue
Ty Thessanarae Et Fle
Gloo
Berlin
Groomagai
New York
Pins Street
Chestnut
Philadelphia
Gaeeit
Bankes
Eres Rigloe
Investmert Segraizes
Spencer Trask& Co
William and Pine Sts
MT. Vernon
A. Y. State
Uoan
Adams & Company
Congrass St., Bostes
MacKay &Co
Nassau and Pine Sts
BLAIR@CO
Broad ST
Hvestmert Seguritiz
Travelers Letters of Credit
ST. Aeroe
N.Y. Stock Exchange
Henry Clews & Co
New
Mahoning Valley
United States Steel Corporation
Corrigan, McKinney & Co
Allegheny Steel Company
Tarentum
Interstate Steel Company
Thin District
American Railways
Road
Hest FR. Sibith
Francis Bodidni
George Wo Narvi
Osborne
Bright
Epward
Pine Street
Chestnut Street
New York and
Phikide Pig Stock Exchanges
Cotter, Choate & Prentice
Newbers N.Y. Stock Exchange
Thausagt
Geveral Garkins
Busntess
Eaterest
Hannover Bank
Nassau and
Pine Streets
Interborough Notes
Boston Copper Gossip
Baltic
Atizona
Dominion
Hannon
Tri-Mountain
the Nassau
Bebkman Sts
William P. Bonbright & Co. Bankers
Colorado Springs
Colorado
George St. Mansion House
E. C
THE
Broadway, N. Y
United Bank Note Corporation
Beech Creek
Houston Water Co
Imperial Rolling Ltd
Kaa
Carnegie Trust Cent
Hse
Snglend Bonds & Lock Equitade Trust Lehigi
Singer MI
D. S
H. R. Worthington Fump
Megargel & Go
Nassau Street
Rector
Chesapeake and Ohio
Lathrop, Haskins & GO
New York Cotton Exchange
N. Y. City
Broadway
Tid St
FE. D. Morgan Waterman
Carl A. Clemens
Athert, McClare
West
63Th St
Pennsylvania Railroad
Sutro Bros. & CO
JG. White & Company, Inc
Hrchanse Place
Primrose
BRAUN
Kountze Brothers
Cedar St
Bertron, Storrs
Griscom
Steel Corporation
Chisholm & Chapman
Fifth Ave
Simon Borg & CO
Nassau St
Investment Securities
FOK
American Brass
Borlen's
Gold & Stack Telegraph
Lrecter & Gumine
Frederic Hi. Hatch
Fin
Toff, Weller Co
Pia
Willard & Co
Hanover
Inecowie
Avestor
Keen & Ward Mimbers
Stoch Exchange
Moffat & White
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