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This newspaper page contains 12 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Apr 02, 1908

Page

13

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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