Sharp Rise in Erie Stocks and Notes Dividends Down
Railroad and other stocks advance with Erie shares posting gains while notes show dividend reductions discounted by investors. Market observers note notable activity in railroad equities as the Erie market leads the session despite reduced payouts across related securities.
MENTIONED IN THIS ARTICLE
Erie
Money Market and Foreign Exchange Overview
Money on call opened at 1 percent with ranges from 1 to 2 percent and 12 1 2 percent closing. Time money active with sixty to ninety day rates and up to one year. Foreign exchange shows long sterling strength with66- and 60-day bills near 4.84 to 4.86, cables at 4.8685, demand sterling higher, francs and reichsmarks moving. Bank clearings tallies for New York, Chicago, Philadelphia, Boston, Baltimore listed with totals and balances. silver and gold markets noted. government receipts and Sub-Treasury position summarized.
MENTIONED IN THIS ARTICLE
Mercantile
London
Bank of France
Germany
Paris
Belgium
Switzerland
Holland
Boston
Chicago
St. Louis
A Francisco
New Orleans
Incinnati
Savannah
New York
Philadelphia
Baltimore
Madrid
Lisbon
Washington
Sub-Treasury
New York Life Insurance to Hold Director Election
Notice of the 198 election of members to the Board of Directors of the New York Life Insurance Company. Voting at the Home Office No Sa Broadway New York on a Wednesday in April from 10 AM to 4 PM. John C McAll, Secretary, dated March 10, 190.
MENTIONED IN THIS ARTICLE
American Locomotive Company
Bradway
New York
T. Callaway
Litrects
Xa York Life Insurance Company
Ata
Insuran
New York Life Insurance Company
No. Sa
Broadway
City of New York
Paper Trust Cuts Also Cut Dividend Policy
The International Paper Company directors cut the quarterly preferred stock dividend to 4 cents per share from 5 due to persistent business weakness. The 6 percent cumulative preferred has long been paid, dating back to the 1838 incorporation, with a statement citing conservative policy to protect plant operations.
MENTIONED IN THIS ARTICLE
International Paper Company
Leth. Mos
Businese
Sp.om
W. Hyde
Ders
Baltimore Stocks Screed From Van Schaick Ledger
Market notes from Van Schaick Co list Dow Jones railroad and utilities issues. United Railway and Seaboard Air Line appear with various preferreds and prices. Third National Bank Fidelity and Dep, Consol Gas, Maryland Trust and Nor Cent Ry show trading quotes and percent changes.
MENTIONED IN THIS ARTICLE
Baltimore
van Schaick 4 Co
Wall Street
United Railway
Cotten Tuck
Aetropres i
Go Incomes
Norf Ry
Gea
Light & F
Toermes
Seaboard Aly Chas
Wee Union Trust
Third Nat Bank
Fidelity & Dep
Consol Gas
Maryland Trust
Nor Cent
Erie Notes Boost Upstate Markets After Albany Cancelation
The Erie Railroad received PSC authorization to issue 15 million dollars in notes, easing fears of receivership and lifting the stock market. Erie led gains with its second preferred up 44 points, Southern Railway and other issues rising modestly while overall volume remained light. Copper and steel shares fluctuated, Amalgamated Copper edging higher, and United States Steel rallying on earnings outlook. Snow’s crop report supported grains as money markets steadied with ample liquidity.
MENTIONED IN THIS ARTICLE
Albany
Upstate Public Service Commission
Erie Railroad Company
Erie
Southern Railway
Atchison
International Paper Company
Amalgamated Copper
Merican
United States Steel
Pittsburg
Northern Pacific
Ex dividend foreign money market and securities
Call money in London 2 21 2 percent open market discount rate for short bills 2 3 4 percent long bills 2 1 4 21s percent Berlin discount rate 1 1 2 percent Paris discount rate 2 4 percent Paris exchange on London 25 francs 12 centimes. Bar gold 77 9 5 d Berlin exchange on London 20 marks 41 4 pfennings. British censors for money 79 16 percent for the account 71 16. French rentes 9 francs 9 centimes.
MENTIONED IN THIS ARTICLE
London
Berlin
Paris
Paris Exchange
Berlin Exchange
Outside Securities: Mixed Activity and Firm Open
Trading in outside securities showed a firmer opening in line with a strong stock market, then slowed to a near standstill after an hour. Nevada Consolidated and Cumberland Fly. advanced, Yukon Gold held firm in a narrow range, and Standard Oil posted gains while American Tobacco declined.
MENTIONED IN THIS ARTICLE
Yukon
Butte Coalition
Boston
Nevada Consolidated
Cumberland Fly
Goldfield Daisy
Goldfield Consolidated
Tonopah
Standard OU
American Tobacco
Adams Express
Bowling Green Trust Co Directory Listing
Bowling Green Trust Co at 26 Broadway New York lists Edwin Gould president and officers including William H Taylor 1st vice president Charles P Armstrong 2d vice president John A Hilton 3d vice president and treasurer William M Laws secretary. Directors include Charles Armstrong Frank Brainard Harry Bronner Franklin Q Brown and others.
MENTIONED IN THIS ARTICLE
Bowling Green Trust Co
Broadway
New York
Edwin Gould
William H. Taylor
Chas. P. Armstrong
John A. Hilton
3D V.pres. & Treag
William M. Laws
Charles P. Armstron
Frank Brainard
Harry Bronner
Franklin Q. Brown
Robert C. Clowry
Edmund C. Converse
Wm. Nelson Cromwel
P. C. Costello
Grenville M. Dodge
A. Goepel
Frank J. Gould
Bonds deposited with committee for advertising expenses
The committee announces deposits of bonds totaling $47.00 or more after Monday April. Subsequent deposits incur two tenths of one percent reimbursement for advertising. From that date bonds are accepted free of charge by The Equitable Trustees Company of New York and Old Colony Trust Company of Boston. Alvin W. Krech, secretary.
MENTIONED IN THIS ARTICLE
Equitable Truest C Company
New York
OLD Colony Trust Company
Boston
Alvin W. Krech
Airman Pondholders’ Protective Con
Auction Sales Finances and Notes Set for April 2 1908
Auctioneers Andrew J. McCormack Adrian H. Muller & Son announce a sale on Thursday April 2 1908 at 12 o clock noon in Exchange Sales Room 14 and 16 Vesey Street New York for accounts of whom it may concern. The list includes notes and due dates from J Kerr J Cole Osce Goodwin Carleton Gage Jester & Co Z G Scott Fleming Templeton and others with totals and balances noted and statements of judgments.
MENTIONED IN THIS ARTICLE
Exchange Sales
Vesey Street
J. Kerr
J. Cole
Osce Goodwin
J. Hearis
Foreign trading and steel market notes headline
Foreign houses bought about 15.00 shares in this market led by United Steel common. New York Stock Exchange notes disclose suspended quotations and paid installments on various debentures and subscriptions. Estimates flag United States Steel earnings near 17 million for the quarter, while a new Davenport & Co emerges on Broad Street. Copper prices dip. rail and iron trades show mixed activity amid cautious demand.
MENTIONED IN THIS ARTICLE
Wall Street
Clinton Gilbert
America Uh
Lincoln
Liberty Sam Eo Am Exchange
Zina National
Manhattan Co
Battery Park
Market & Fur Bowery
Metropolis
Bronx
Sue Mechanics
Butch & Drovmo
SS Mercantile
Ns Coal & I
Metropolitan
Iz Merchants
Ad Consolidated
Iss Merchants
Century
Ery
Mount Morris
Chase - Tad
Chatham
Mutual
Hemiecal
Nassau
New Netherland
Chelsea
Nynbaa
Iny County
Colonial
He & Dmy
Columbia
Teewn Exchange
East River
Park
Fidelity
First National
People's Ao
Fifth National
Phenix
Fifth Avenue
Plaza
Ourth Na
Fourteenth St
Riverside
Gallatin
Seaboard
Garfield
Sherman
Twelfth Ward
Greenwich
Hanover
Ano ‘Union Exchange
Ms Imp & Trad
Interborough
Ins
Washington
Irving Nat
Iso
United Steel
London
Stock Exchange
New York
New York, Newhaven & Hartford
Northern Pacific Railway Company
Eastern Railway of
Minnesota
First Division
Milangelist
United States Steel Corporatin
Pittsburg
NEW Stock Exchange
Davenport & Co
Yesterda
Broad Street
Devil Orr Davenport
Morris Swift
Davenport
Robert G. Kennedy
New York Central
Toe Motive
Isi
Iron Trade Review
Huth
Cleveland
Geleery
Also Mentioned on This Page
Guaranty Trust Company of
Nassau Street
Lombard St. E.c
Spencer Trask & Co
New York Stock Exchange
William and Pine Streets
Knickerbocker Trust CO
Union Exchange Bank Lincoln Trust CO
Bankers Trust CO
Wall ST
N. Y. City
Connecticut Railway and Lighting
Lehigh and
Wilkesbarre
Kings County Electric Light & Power
Frederic H. Hatch
Fred’k F. Warquand
Consolidated Stock Exchange of
Broad ST
Thomas Reimhandt
Broad
N. Y
Ramnaway Stressphing Company
New Rk
Mareh
Harvey Fisk & Sons
Cedar St
New Tork
Railway
STE £ Ting Company
Mvormick
American Telephone and Telegraph Company
Am Express
Uae
Hide & L Lely
Louis & Nash
Locovet
O's
C & Fary Itg Tg
Marckay Cos
Cuba
St Inc
U S
Malta
H & L of
NYC
GTM
Mo Kan & Tex
Mok& TI Ds Keeden Oy
Missouri i
Prd
Newhouse
S&l
North West
TMANN
H& L
Atchison Ae
Northern Pac
Tel
Ohio
Tel & Tel
Pacific Mail
Ratopi
Penn Railroad
Peo Gas & c
Brunswick
Aracenda
Tim
BS Canadian Pac
Jaz Aella
Ann Arbor
Tao At& T
Nor Pac
Atebison
Ches & Ohio
B&o
Iron
Balt & Ohio
Chic & Nwest
Ratopilas Mn
Sloss Sheff
Bethiehen Steel
Southern Pa
Chie Union
Rilyn Rap
Col
Buff
Penn Conrt
Aklyn UN
Col & South
Ga Sd Inc
Tenn Copper
Roch & P
Soon Cent
Noo Do Wit
Tee Ain
Buf & Susq
Futterick Co
Southern
Nion Pacific
Ps S&a
Do & Q
oRy
Ichte & Alton
Utah
Gt North
West Maryland
Timvis
M & St Pr
Sri
Alaska Mines
Atlanta
Balakiola
Chie & N West
PM & O
Eric
T&s
Butte & NY
South
Ulster
Bhoton Gaslieb
Lor & W
Ariz
Mleve & Pitts
Ely Mina
Poet & Iron Onyans
Davis Daly
Linp Son Coal & South
Laney
Douglas
Florence
del & Hurdson
Ave
Seneral Mines
del Tack & Ww
Denver & Rio
Ld Hill TV
United
West
Kendall
Town
Evans & TH
Ss & M
M & Do
Micmar
San Mines Co
Granby Mining
Northern
Nipissing
Paso
North Butte
Penn
Bal Hill
Ss. S
Hocking Valle
Pedro
Stewart
Ingersoll
Inter Marine
Cloud
Eyer & Ca
Yukon Gold M
Ely
Iowa Central
Kan City
Ing
S&m
Keokuk & Do
Lake Rie
Lake Shore
Mus
A&n
Louis & Ash
Mackay
Manhattan
Ameri
Can Securities
Mid Central
St Louis
Anaconda
St Paul
Missouri Pac
Biscuit
Illinois
Louisville & Nashville
S 'Nat En & Ste
Central
Newhouse M&s
Chi & St L
Wny & N
H & Fl
Fenn
Listy
Peoria & East
Peo Gas
Wicksilver
Rome
St i
Texas & Parm
Third Ave
Rys & Light
Wot St. & W
St Wabash
Mary Land
Wie Central
Ces Adios
Consolidated. Exchange Sales
War & Fury
Top & S&sf
Brooklinit
Can Pacific
He & Olde
Li's
Uel
Tilst Securitte
Kan & Tex
Rock Island
Southern Pacific
Union Pacific
Utah Copper
Weste Union
Batopilas
Hue
Crown Point
Concal & van Tim
Money and Exchange
Positi
Vrsuet
New York City
American Securities Abroad
Hart & Conn W
Alb & Susquansh
Alb & Vermo
Allesh & Wst
Joliet & Chic
Am Tel & Cable
L3&nnrr
At & C A
la & Mo Riv Pt
Aug & Sar
Lowell & and
Mahon Coal
Beech Creek
Mine
Berkshire C ‘Ox Morris & Essex
Ss Bleech 3 & F F
Nash & Decatur
Iss Bost & Albany
Bost & Lowell
Nashuan& Low Bost & Prov
J Trans
Bway & 7Th Av
Y & Harlem
Oreslyn City
NYLEW
Iz Cam
Leve & Pitts
Meine & Sora
Xenia
Pac & 2
Union Melo
Pat & Hud Riv
Pat & Ramapo
Oncord & Mon
Peoria & Bey
Cone
Pass Pf
Phil & Trenton
River
Pitts Bg LE & Ra
Berk
Hills
Bey Pitts
C Penn
St Mahanoy
Pitts
McK & Y Nz
Eighth Avenue
Elm & William
Renns & Sara
W & Oo m3 Aurle & Kalam 160 Fe & Pitts
Second Avenue
Fitchburg
Sixth Avenue
Ww & J
F. x Southwest RR
Ankiin
RR & B
Utica Clin & B
Utica & Rik
Then & Dec
Utica Co
Ind River
Outside Securities
Industrial
Tobacco
Bay State Gas
Askea
Jackson Gas Fa
Latay
Pater
Denver
St Paul Tins
Syra
Indianapolia Gas
St & P
Travellers Letters
Ovrric
George J. Gould
Myron T. Herrick
Edward T. Jeffery
Winslow S. Pierce
Morton F. Plant
Dick S. Ramsay
Frederick B. Schenck
Andrew Squire
John P. Truesdell
E. F. C. Young
the Trust Company OF America
Coloniat
Consolidated Steamship Lines
Retary
Andrew J. McCormack
Adrian H. Muller
W. HF Staley N. Barnsdall
R. L. Day & Co
Wall
Ape & Med
Bost& Albany
Bost & Mecks
Antenmiel
R&s
M. Rs
Nynhe&h
Franklin
Min West
Pim
Rysé
Mass
Neo Butte Mass
James
Quinney
Wolverine