Wall Street Brokers Grow More Conservative on Profits
Brokers who have been conservative during the rally now show a tougher stance as they urge limited risk. They fear customer blame for missed profits, while some market letters have become cautious oracular. The piece notes a Southern Pacific preferred stock story, water works bond bids failing, and rising stop loss orders as politics and prices influence trading behavior.
MENTIONED IN THIS ARTICLE
Southern Pacific Preferred
Southern Pacific
Wall Street
Western Pacific finish plan tied to Denver & Rio Grande merger
George J. Gould and associates plan a comprehensive unification of the Denver & Rio Grande system to finance completing the Western Pacific. A new mortgage will back a $10 million note issue with six percent interest and a five year option, plus a banker option on $6 million more. The notes are redeemable at par and secure bonds expected to form the new Denver & Rio Grande financing.
MENTIONED IN THIS ARTICLE
George J. Gould
Western Pacific
Gould
Denver & Rio Grande
Denver
Rio Grande Western
Denver & Rio Grande System
Rio Grande Southern
Enver & Rio Grande
Cotton Market Nervous Yet Steady Behind Rally in July
Cotton markets closed with a 4 point net advance as July rose on good weather, while new crop eased. Spot market remained quiet with upland at 11.05 cents and middling Gulf at 11.80 cents, with 1,500 bales traded for speculation. Southern cities showed varied but mostly steady bids, ranging from 10 to 11.5 cents per pound, across Savannah Norfolk Augusta and New Orleans regions.
MENTIONED IN THIS ARTICLE
Mon
Clase
SUI
Ss Oh BO
Gulf
Amalgamated Leads Boston Market Rise in May Trade
Amalgamated stock led gains in Boston trading with a price up to above 0 5, while the first list remained active and higher. Bull tips circulated on Amalgamated as copper stocks drew buyers, and the market closed strong with strong demand and good activity overall.
MENTIONED IN THIS ARTICLE
New York Times
Amalgamated
Philadelphia Prices Dip On Local Exchange Trade
May 12 Philadelphia prices on the local Exchange fell, with recent leaders United Steel Lehigh Valley and Cambria Steel most affected. Tractions showed some firmness as total sales reached 8 29T.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
United As
Lehigh Valley
Cambria Steel
Metal market report shows declines in copper and tin
Copper prices fell to spot £58 15s and futures £57 10s in London while tin closed at £187 5s spot and £136 10s futures. Lead held at £13 and spelter slipped to £19 17s 64. Iron warrants stayed firm with standard foundry at 52s. New York Metal Exchange bids and asks for copper and others compared with prior day show mixed movement.
MENTIONED IN THIS ARTICLE
London
Standard Foundry
Middlesboro
Bis
New York Metal Exchange
Lake
Toad Wlecdeets
Tate
Tin
Grain and Provisions Market Summary
Weather improved for wheat and corn with late Hessian fly damage reported in Kansas. September wheat led trading while May lagged. Minneapolis stocks fell 250000 bushels with 134 cars at Northwest points. Cash in New York showed No 2 red at 1.08 elevator, 1.07 afloat, No 1 Northern Duluth 1.17 1/2, No 3 hard Winter 1.15. Corn weakened then rallied on good weather news. Liverpool closed 4d lower.
MENTIONED IN THIS ARTICLE
Kansas
Minneapolis
Liverpool
Budapest
Aic
New York
Duluth
European Markets May 12 Charm Investors Across Major Exchanges
London shares rose as consols rallied on covering and buying demand while home rails gained on shipbuilding settlement hopes. Paris saw firmer prices with foreigners buying and De Beers rising, and American shares advanced after weak early values. Copper eased as the day opened unsettled. the market closed dull after afternoon profit taking. Berlin's Boerse remained sluggish.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris
de Beers
Cotton Exchange Weighs Reform After Election
The Cotton Exchange Board adjourned again to Friday to submit the annual report and decide on Government criticisms of its grade difference system. Five new managers take office after the election, with new nominees listed for the season. Candidates are said to be neutral on further changes to price adjustments and daily vs biannual grade fixes.
MENTIONED IN THIS ARTICLE
Board of Managers
Cotton Exchange
Richard A. Springs
Hermann Norden
James F. Maury
R. Siedenburg
George Brennecke
William Mohr
George F. Jones
L. & Bache
E. F P. Walker
C. I. Long
Ray
L. Mandelbaum
Thomas E. Hicks
E. J. Scott
G. W. Baily
W. E. Caldwell
H. H. Royce
W. W. .Wendler
New York State Banks Report Mixed Week End May 9
State Superintendent of Banks reports outside New York City a mixed week with increases in loans and deposits and higher reserves. Trust companies show a large jump in deposits and reserves, while overall figures reflect gains in loans and total deposits for the period.
MENTIONED IN THIS ARTICLE
New York State
New York City
State Superintendent of Banks
Ereseeees
Cseerereee
May 12 Official Distilling Stocks to Bid
Official notice outlines stocks to be sold or distributed on May 12 with details readable in the clipped fragment. It specifies the date and refers to the official distilling stock list and related actions.
Local closing quotations on Colorado Springs exchange
The closing quotations on the local Exchange today list bid and asked prices for several entries. Notable figures include Dante oes at 7 5 9, S Isabella at 2 5 4 4, Elkton wes at 58 58, Portland at 10 11, El Paso at 37 381, Vindicator at 8 4 4, Rawlings at 12 percent, Findlay at 15.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Dante Oes
Isabella
Elkton Wes
Portland
el Paso
Vindicator
Rawlings
Pivork Seseee
Findlay
Coffee Market Sees July Contracts Premium First Time
The coffee market shows strength in July contracts with near-month selling at a premium in New York for the first time in a while. Day’s activity was light but the zone held steady and closed barely higher. Trading totaled 18,250 bags with receipts of 22,000 at two parts and 4,000 fund receipts. Rio down 25 reis while Santos rose 100 reis, spot coffee steady around 6 1 2 cents for Rio.
MENTIONED IN THIS ARTICLE
New York
Rio
Santos
Esesees
Erces Es Ie. Sen Ee
Ercaves Ese
Cossses
Wecceweres
Treasury reserve and liabilities report shows strong funds
Washington May 12 Treasury begins business with reserve fund of 150 million in gold and bullion. Certificates redeeming total 44.2 million plus 470.4 million in silver dollars and 5.1 million in 1890 silver dollars. General fund 179.37 million. National bank deposits 186.455 million. Philippine Treasury 15.15 million awaiting reimbursement 0.2617 million. Current liabilities 122.01 million.
MENTIONED IN THIS ARTICLE
Washington
Treasury
General Fund
Ers
Dividend Notice from New York and Honduras Rosario Mining Co
The New York and Honduras Rosario Mining Co declares its regular monthly dividend of 1 percent on capital stock payable May 29. The notice is signed by Treasurer Heidelheimer and dated May 12, 1968 at 42 Broadway, New York.
MENTIONED IN THIS ARTICLE
New York & Honduras
Rosario Mining Co. Co
Broadway
N. Y
Heidelsheimer
Further Gold Exports Likely Eyed by Banks
Foreign exchange rates rose and bankers arranged gold exports to Europe for tomorrow's steamer. An estimated amount of 000,000 was expected for shipment as demand for sterling rose to 84.8785 and dollars at 4.8740, advancing by 10 points.
MENTIONED IN THIS ARTICLE
Europe
Directors Election Notice at Pacific Fire Insurance Company
The annual election for directors of the Pacific Fire Insurance Company will be held at the office, 76 Withy Street, on Monday May 18 1908 between 12 and 1 o clock. Secretary Meserole signs the notice.
MENTIONED IN THIS ARTICLE
Illinois Central Railroad CO
Illinois Central Railroad Company
Chicago
Hitneis
Kensington & Eastern Railroad Company
Memphis & State Line Railroad Company
Villness Central Railroad Company
Illinois Central Sterling
Alexander G. Hackstaff
New York and Harlem Railroad
New York
Grand Central Depot
City of
Dwight W.pardee
Standard Gas Light Company
East 59Th St
New York City
Geo. W. Parkhurst
Cific Fire Insurance Company
Withy Street
V. Meserole
Sealed Proposals Sought for Ellis Island Hospital Screens
The office of the Commissioner invites sealed proposals in duplicate for labor and materials to construct metal fly screens over curtain openings in buildings on hospital and contagious disease islands at the United States Immigrant Station Ellis Island New York. Proposals due May 25 at 2 20 PM, after which they will be opened. Details from Robert Watchorn Commissioner.
MENTIONED IN THIS ARTICLE
Ellis Island
N. Y
Corstain
United Btat
Robert Watchorn
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tAdventure Se
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Within
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Midway
Esesece
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Cceee
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Sccccveses
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the Treasury Balances
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Loomis, Conant & Co
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Waldor-Astoria
Baltimore & Ohio Railroad
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Fifth Ave
Broapway
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Alexander S. Webb, JR
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Joseph Z. Bray
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Bradish Johnson
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B. Aymar
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Frank Tilford
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Edward P. Hatch
George Lease
Robert Goblet
Arthur Iselin
Isaac N. Seligman W.,d. Lancey Kountz
John P. Munn, M. D
James Quinlan
Irving 'S. Raymond
WM. G. Conklin
Stucart-Duncan
Samuel V. Hoffman
United States Rubber Co
Morton Trust Company
Goodwin Mann
Bill & Ware
Matanzas
Rence Turnure, & CO
Sharon
Andrew J. McCormack
Adrian H. Muller
Bronx Gas & Electric_ Co
Knickerbocker Trust Co
Eighth Avenue R
Oriental Bank
National Light, Heat & Power Co
Cgil. Trust
Adams Express Av
Columbus & Ot
Goubert Manufacturing Co
Arbor Railroad Co
National Park Bank
Rome
Watertown
Ogdensburg R. R. Co
Bond & Mortgage Guarantee Co. Rr
Brooklyn City
Dayton
Michigan
R. R. Guar
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Ft. Wayne & Jacks
P. c. Prof. F . McKeesport & Youghingheny
Pittsburg
New Amsterdam Gas Co
Westchester Trust Co
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Park & Tilford
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St. Louis & San Fran
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Chic
East Illinois
Cosmopolitan Fire Inn. Co
Empire City Fire Vo
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Mobile
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the Securities Co
Payabis
Gulf & Chicago R
Gulf & Chicago
Jackson
Kansas City
American Taxameter Co
Consolidated Paper & Milling Co
Carnegis Trust Co
Raton & Hastern R. R. Jet
Otis Elevator Co
Standard Trust Co
Ist Ge. Eds
Hackensack Meadows Co
Wisconsin Central Railway
Cmpany
Marshfield and Southeaster Division
Marshfield and South- Eastern Division
UNITED STATES TRUST COMPANY OF NEW _ YORK
Henry Feahern
Pocahontas Consolidated Collieries Company Incorporated
Wis
NEW York Trust ‘Company
H. W. Morse
Beekman St. N.Y
The
Wall Street Journal
PAC Cte IC Es Insurance
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