Wall Street Grows Bullish on Stocks and Bonds
A broker reports a steady investment tilt toward good stocks as institutions buy blocks for clients not for quick profits but to prepare for renewed prosperity. Bond market intrigue surrounds a $300,000 mortgage issue from a Midwestern road, possibly treasury-owned, traded around 96 with quick resales, amid broader optimism and cautious railroad commentary on idle freight cars and market timing.
Railways Aiding Bonaparte's Gas Clause Challenge to Hepburn Law
Attorneys for Reading Jersey Central Lehighton Valley Delaware Lackawanna Western coal roads aid Attorney General Bonaparte in a case to test the constitutionality of the commodity clause. They supply records on charter privileges and coal land bonds, with Lehigh Valley proving complexity across multiple acts since 1819. Central Railroad of New Jersey counsel Robert De Forest leads discussions with the Attorney General.
MENTIONED IN THIS ARTICLE
Reading
Jersey
Central
Lehieh Valley
Delaware, Lackawanna
Hit
Attor Ini
Sega
Attorney General
Pennsylvania
Robert de. Forest
Central Railroad of New Jersey
Copper and tin advance in London metals market
Spot copper rises to 585 pounds while futures stand at 58 16s. per ton. Tin gains about 16s for spot and 1 pound for futures. lead and spelter show strength. Warrants unchanged as Cleveland dips to 55s. New York Metal Exchange bids and asks listed for copper and related metals with mixed movement from prior day.
MENTIONED IN THIS ARTICLE
Cleveland
Aries
Cpot
Neork Metal Exchange
Spe Aia
Gilbert Eliott enters bond business with Boston and New York partners
Gilber t B Eliott formerly of Blake Reeves now operates offices at 34 Pine Street. H A Tucker of Fucker Hays & Co Boston and John M Dudley of Homans & have joined as stock exchange area members. W B Thompson returns from copper mine work including Cumberland Elyan Nevada Consolidated. New York and Richmond Gas Company reports year ended Dec 31 earnings 250053 expenses 158245 net 97065 interest 63460 net profit 34348.
MENTIONED IN THIS ARTICLE
Gilbert B. Eliott
Blake Reeves
Pine Street
H. A. Tucker
Fucker, Hays & Co
Boston
John M. Dudley
Homans
W. B. Thompson
Cumberland-Elyan Neveda Consolidated
New York and Richmond Gas Company
G. W. Dillingham Company of
New York
West 25d
John W. Hesse
Senate Deliberates on Commodities Clause Suspension
Washington May 14 The Senate resumes work on a joint resolution to suspend the commodities clause of the railroad rate law with votes on the bill and amendments postponed to tomorrow The Inter State Commerce Commission submits a statement from B F Brush receiver of the Western Maryland Railroad denying noncompliance with the commodities clause Brush claims his prior reply was misinterpreted during a telephone inquiry
MENTIONED IN THIS ARTICLE
Washington
Senate
Foraker
Inter-State Commerce Commission
B. F.brush
Western Maryland Railroad Company
Bush
Western
Maryland
Commission
Copper shares surge on Boston market highs
The Boston stock market saw brisk demand for local copper shares led by Butte producers Amalgamated Butte Coalition and North Butte. Copper Range advanced two points while Calumet and Arizona rose three. The index closed near the day’s high with a buoyant tone.
MENTIONED IN THIS ARTICLE
Seial
New York Times
Boston
Butte Coppers
Amalgamated
Butte Coalition
North Butte
Calumet
Arizona
European Markets Open With Cheerful Tone and Upward Bias
European bourses show a cheerful session with prices trending up as money remains abundant. London reports strong copper shares led by Rio Tinto and gains for Amalgamated and Anaconda on American cues. Paris and Berlin portray firmer course with active trading amid lower private discount and gold demand.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Rio Tintos
Amalgamated
Anaconda
England
New York
Paris
Bank of England weekly statement shows reserve declines
The Bank of England reports a net fall in total reserve by £168,000 and declines across circulation £272,000 bullion £340,118 other securities £622,000 and other deposits £925,000. Public deposits rise £381,000 and notes reserve fall £58,000 while Government securities rise £260,000. The reserve to liability ratio stands at 61.12 percent, up from 50.92 percent.
MENTIONED IN THIS ARTICLE
London
Bank of England
Bank of France weekly statement shows mixed changes
Paris May 14 The Bank of France reports notes in circulation down 28 525 000f Treasury deposits up 43 850 000f general deposits down 20 550 000f gold in hand up 33 200 600f silver in hand up 2 075 000f bills discounted down 22 265 000f advances down 16 175 000f
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Treasury
Grain and Provisions Prices Edge Higher on Export Rumors
In early trade grain markets show a mixed tone as export demand lifts prices. Wheat quotes rise with No 2 red at 1.04 in New York and hogshead booms on 40 loads reportedly taken for export, though only about 389 confirmed. Corn futures gain as Chicago arrivals meet expectations and interior totals reach 240,000 bushels.
MENTIONED IN THIS ARTICLE
Kansas
Northwest
Liverpool
New York
Northern
Duluth
Chicago
New Financing for Havana Central Railroad Company
A special meeting of Havana Central Railroad Company stockholders is set for June 15 to approve bonds up to 3 500 000 secured by mortgage on the company's property. The issue will collateralize a 6 percent three year note issue not exceeding 515 000 with details still to be settled.
MENTIONED IN THIS ARTICLE
Havana Central
Havana Central Railroad Company
Farmers’ Loan and Trust Company
Trustee
The
Bronx
City of
New York
Pennsylvania Company
Girard Trust Company
Pocahontas Consolidated Coil
Lieries Company Incorporated
NEW York Trust Company
H. W. Morse
Bay State Stock
Bay State
Rocky Mountain Coal & Iron Company
Knickerbocker Trust O
Broadway
Knickerpocker Trust CO
Charles H. Keep
Lino Central Railroad CO
Iiinols
Cea Railroad Company
Chicago
Illinois
Kensington & Eastern Railroad Envy
Memphis & State Line Ralti Company
Illinois Central Rail Company
Theompany
Ilinois Central Railroad Company
Illinois Centralailroad Company
Illinois Central Sterling
Alexander G. Nackstaff
New York and Harlem Railroad Company
Severty
Grand Central Depo
Dwight W. Pardee
Cotton Market Shows Sharp Swings Amid Weather and Cables
Cotton futures fluctuated with a new bull high then weakness in the afternoon as English cables warned of poor conditions. The day closed 6 to 30 points lower with about 480000 bales traded. New Orleans rose 10 points after the close. Spot markets varied across cities with modest gains in several hubs and steady to firmer tones in others.
MENTIONED IN THIS ARTICLE
New Orleans
Clouse
Gulf
Savannah
Norfolk
St. .Louis
Seles
Augusta
Galveston
Houston
Memphis
Colorado mining stocks closing quotations
Colorado Springs May 14 special to The New York Times lists closing quotes on the local exchange with bids and asks for Dante El Paso Vindicator Elkton Portland Findlay and Rawlinss among others. The fragment shows varied figures including 7% 8 and 58144 59 for multiple listings.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Reading
Unite States Steel
Philadelphia Electric
United Gas
Lehigh Va
Amal
Atchison
Cambria Steel
Ches. & Onion
Fiater
Elec, Co. Gf
Am Bees
Fin. Co
P. St
P. 2d
Asphalt T. c
O .Hunt. & R'dtop
Keystone Tel
Lake Sup. Corp. T. c
Lehigh
Valley
Aeae
Lehigh Nav. T
Lehigh Navy
Little Schyl R. R
Phila
Pennsylvania
Phila Cn
Phila Filee
Phila Transit
Phila Traction
Pac
Tonopah Belmont
Union Pac
Eee Steee
Union
Iit S. Steel
U. S Steel Pl
Warwick Steel Sane
Pittsburg
Last. Co. D. & Prog
Pitts Coal
Eesee
Pitts
Etsonnes
Steel Ae
U. S Steel Pf
Westinghouse A. B
Wwestingh
Elec
Wast Penn. Ry
Colorado Springs
Col
Seus
Dante
Lsabella
BBIG
Seme Elkton
Portland
el Paso
St ST Rawlinss
Li Findlay
Dividend Declared by American Express and Adams Express
Board of Directors of American Express declares a 3.00 per share dividend payable July 1 1908 to shareholders of record May 29 1908. Adams Express closes transfer books from 3 PM May 18 1908 to June 1 1908. Rash W Rowe treasurer announces.
MENTIONED IN THIS ARTICLE
Broadway
New York
Southern Pacific Company
K van Deventer
Southern Pacific CO
A. K. van Deventer
National Biscuit Company
F. E. Bugbee
Treaswer
American Express Company
James F. Fargo
Adams Express Company
Rash
W. Rowe
Also Mentioned on This Page
Wall Street
Union Pacific
Railways Helping
Bonaparte
Gase
Metal Market Reports
Financial Notes
Boston Stock Market
Pell
BR & Q
West
Reston
Ste
Boston & Lowell
Maine
Lars le
Hi & H
Wiest
New England
Ag Chempet
Wohden Ates
Michigan
Joe Steepi
Wes Weer
Arizona Vm
Sweer
Atlantic
Boston & Chin
Putte Coalition Alumet
Arizona, Ag
Sean
Rive
Mexico
Nevada
Newhorse
Old Dominion
St Mary's Land Seas
Superior
Gcopper Aetee Ing
Tamarack
Bewe
Trinity Eae
ADR
United Copper
Utah
Itah Copper
S.ee
VictorIne
Wolvetine Bace Renwal
the Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Bishopsgate St
Within
Bonevard Hauesmtnz
Central of Georgia Railway Mobile Division
First Mortgage Gold
Moffat & White
Nassau St. Bankers
N. W. City
State of
State
Westchester County, New York
WM. A. Read & CO
Nassau Street
Congress St. Boston
East German St. Baltimore
la Salle
Berlin
Foreign Public Securities
BlAs Ee
Erman
Hamburg
Si Tits
Cologne
Pete
Seiaieaie
Reese
Munich
Augsburg
Frankfort On Main
Anderonda
Atchison Teres
Oy BU
Ilinois Central
Louis. & Nash
Bpathere Sao
U.S. Steel
Steel Pf
Grain and Provisions
New York, New Haven & Hartford Railroad Company
Harlem River & Port Chester
R.R. Co
United States
New York City
New Rochelle
Harlem
Harlem River
Port Chester
Haerlem River
East River
M . Fia
Kidder, Peabody &Co
Wall Street, New York
Broad Street
R. L. Day& CO
Spanish-American Iron Company First
Spanish-American Iron Company First Mortgage
J. Rhoads
Pittsburg Transactions
Colorado
Thomas W. Lawson
Wall Street Journal
Hollis -Strt Realfy Company
Manhattan Borough
Joseph Ll. Levy
Office OF
Pacific Fire Isurance Company
Pacific Fire Insurance Company
Wiliam Street
C. VY. Meserole
Copartnership Notices
Nathan -Zussman
Louis
Zussman
Zussman Bros
Louis Zuss
Nathan Zussman