Cripple Creek Railroad Delays Dividends Amid Cash Tie-Up
Cripple Creek Central Railroad directors pass dividends on common and preferred stock due to about 120000 in cash assets tied up by Kessler & Co. A $275,000 reserve was needed for dividends. A 28000 share stock dispute pits Kessler & Co. against a syndicate formed in May 1906 to gain control, with 13500 common and 14500 preferred shares bought at 70 each. Syndicate managers include R F C Flinsch and M McNeill. The syndicate plan extended to May this year after failed profit disposal.
MENTIONED IN THIS ARTICLE
Cripple Creek Central Railroad Company
Kessley & Co
Cripple Creek Road
Kessler & Co
R. F. C. Flinsch
M. McNeill
Utah Copper Company
Economic mood lifts as banks ease lending and trade revives
Condition of trade notes brighter outlook with easier credit and rising production. More loans, idle mills reopening, and higher money in circulation contrast with weak railway earnings and mixed commodity prices. Bradstreet data show sentiment improving but overall activity still below peak years.
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Dan
United States Treasury
New York
Bradstreet
Bank of Bengal Raises Discount Rate in Calcutta
Calcutta on January 10 reports the Bank of Bengal increased its rediscount rate from 7 percent to a higher level, affecting financial markets and lending costs in the region.
MENTIONED IN THIS ARTICLE
Bank OF Bengal
Calcutta
Chicago grain and provisions market shows broad losses
Rain in Indiana and Argentina outlook dampened demand as May wheat slipped from highs to 1061 on the Chicago board. Corn and oats fell, with hogs and provisions also weaker as traders covered shorts amid light receipts and weaker demand.
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Chicago
Indiana
Argentina
India
Minneapolis
May
Bradstreet
Duluth
Ilinois
Wheat and corn futures steady amid mixed commodity market
Liverpool traders report spot wheat No 2 red Western firm with futures showing modest gains for March while corn stays mostly steady. Market notes sparse signals in fats and oils with oats and hog products described as weak to steady, and metals and oils displaying uneven activity.
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Liverpool
London
Pacific Coast
Uxtra India
America
New
Treasury Opens With Straighten Balance at Start of Day
The Federal Treasury report shows the condition of cash in the Treasury at the opening of business today. It outlines the available balances in the general fund and subsidiary accounts and notes changes from prior day.
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Federal Treasury
Washington
Jan
Treasury
Deporite
Market roundup shows mixed prices across commodities and metals
Commodities and metals traded with mixed moves. London tin and copper ease, U S grains and porks slide while refined sugar and oils hold steady. Fresh notes detail prices for molasses syrups, cottonseed oil, lard, and various vegetables with regional variations in New Orleans and Bermuda markets.
Coffee and Cotton Markets Mixed in New York Trade
Coffee markets sailed steady with light fluctuations as Brazilian shipments and valorization loans stirred rumors of extended support. Cotton futures eased, daily receipts and southern demand shaping a cautious tone, with prices near session lows but late buying stabilizing some losses.
Livestock Market Report from New York Port
Receipts totaled 179 cars 3200 head with 49 for export alive 108 city slaughterers and 22 for market. Steers in light supply and fair demand up 10 cents while cows and bulls varied. Dressed beef slow lambs and sheep steady. Tomorrow ships Minnehaha Philadelphia and others will export cattle beef to Great Britain and Antwerp. Prices show mixed gains and declines across steers cows bulls and calves with varied consignments from McPherson Sanders and Kerns Commission.
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Ohio
John P. Nelson
Kerns Commission Company
Indiana
Indiana Calver
Tobin & Shannon
S. Sanders
W. R. Hume
McPherson & C
Pennsylvania
Oy Hows
Markets Across Cities Report Cattle and Hogs Prices
Chicago receipts 8 500 head strong cattle steer prices 4 96 40 to 4 25 cows 2 75 to 3 25 heifers 2 10 to 5 25 bulls 2 35 to 4 25 calves 8 50 to 3 5 stockers and feeders 2 4 to 4 0 hogs receipts about 40 000 head market lower choice hogs 4 4 9 4 50 mixed 4 25 to 4 55 packing 4 48 to 4 45 bulk 4 15 to 4 40 sheep receipts about 10 000 head market slow but steady sheep 4 85 to 5 50 lambs 5 75 to 5 30 yearlings 4 36 to 0 Buffalo and Cincinnati markets show steady to strong cattle and strong sheep. Kansas City reports strong cattle and lower hogs. prices reflect regional variations.
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