Steel price cuts spark mixed reaction across industry
Steel makers' price reductions on billets and finishes drew cautious approval and skepticism. Traders praise the move for stabilizing demand yet warn cuts may not be enough to spur brisk buying. Industry outlets note improved prospects, with hopes of a broader rebound as ore interests and producers align on base quotations amid a cautious market.
MENTIONED IN THIS ARTICLE
Steel
Nis
Steel Manor
Gary
United Corporation
Selid Amon Uyers
Aari
Lake Superior
Cleveland
Reefirmayor
Western Union Quarterly Cash Dividend Declared
The Western Union Telegraph directors yesterday declared a quarterly cash dividend of 1 percent. The previous rate, 14 percent quarterly, was suspended in January when a stock dividend was issued. April’s dividend was set aside. For the quarter ending, net revenue and balance after interest show a surplus of 49,388, versus 368,388 in 1907. Fiscal year earnings show net revenue about 25 million, with a deficit after dividends of 2,671,000, compared with 56,463 in 1907.
MENTIONED IN THIS ARTICLE
Western Union Telegraph
RSM
New York Central to Issue Bonds for Finance
New York Central directors discussed issuing 13,000,000 of 4 percent government bonds authorized by the Public Service Commission in April. J P Morgan & Co reportedly nearly completed negotiations to buy the bonds, with an announcement expected soon. The proceeds will fund the railroad's present needs and a regular dividend of 14 percent was declared payable July 13.
MENTIONED IN THIS ARTICLE
Pub Bc Service Commission
Pesterdas
New York Central Railroad Company
J. P. Morgan & Co
New York Central
Dividend Cuts and Earnings Offset in March
The company reduced the dividend to 6 percent last March and reduced yearly disbursements by about 1.8 million dollars, a move aimed at offsetting declines in net earnings.
Alton to Pay Dividend After Clover Leaf Takeover
The Chicago & Alton Railroad Company controlled by the Clover Leaf declared an initial 1 percent dividend on common stock and a 2 percent semi annual dividend on preferred stock. Historical notes describe prior large dividends and the 1899 purchase by a Harriman Gould Schiff Stillman syndicate and subsequent consolidations.
MENTIONED IN THIS ARTICLE
Chicago & Alton Railroad Company
Toledo, St. Louis & Western
Clover Leaf
Old
E. H. Harriman
George J. Gould
Jacob H. Schiff
James Stillman
Chicago & Allen Railway Company
Rock Island
Union Pacific
Heavy Demand for U P Bonds Oversubscribed in Cities
Subscriptions for the Union Pacific Railroad Company 50,000,600 first lien and refunding mortgage 4 percent bonds opened in New York and London. Kuhn, Loeb & Co report strong sums at Baring Brothers Co and Glyn, Mills, Currie & Co though totals not cable. Lists remain open one or two days more with closing set for Monday afternoon, earlier possible.
MENTIONED IN THIS ARTICLE
Union Pacific Railroad Company
London
Kuhn, Loeb & Co
Baring Brothers & Co
Glyn, Mills, Currie & Co
New Board to Lead Suspended Mechanics and Traders Bank
When it reopens the bank will have a new board of directors approved by the State Banking Department. No officers were chosen yet. Counsel Paul Grout will meet State Superintendent Clark Williams early next week to present candidate officers. The superintendent seeks a clean break from past interests tied to the bank. At least four branches, two in Manhattan and two in Brooklyn, will be closed for unprofitable investments.
MENTIONED IN THIS ARTICLE
Mechanics and Traders’ Bank
State Banking Department
Paul Grout
Clark Williams
Manhattan
Brooklyn
State OF
New York
God
Mary E English
Georgianna Croffitt
J Parkman Crosby
Warren
Fannie Warren
Mary Warren
John Warren
Matilda Muzzy Harriet Stevens
Nellie Crosbr Leffel
Homer Hine
Thomas D. Hine
Bertha Moulthrop Flack
Emma Somers
Elizabeth Sanford
Henry Susan Moulthrop
Leslie Moulthrop
Bradley Ellen Braga
Mary Wilson
Saran Augur
Emily Augur
Mary R
Gilbert
Marta Barnes
Ellen Phelps
Clare
Tuttle
Howard Ives
Myra DL. Matthews
Bridget Cross
Emily May Hine
Eliza Wilkins
Lilly Warren
Elisebeth T. Watsor
Margaretta Worosby
Thomas D. Croffut
Charles T.croffut
Frederick W. Croffut
Lewis R. Croffut
New Haven City Burial Ground
Brooklyn Trust Company
Caroline Louiss Drew
Frederick M. Drew
John W. Drew
Charlies W. Morris
Charles W Morris
Edward E. Morris
Charlies W. Hine
Margaret B. Warren
City of New York
New Yor
Hall of Records
County of
Nathan
Margarette B. Warren
Said
Thomas
L. S
Daniel J. Dowdney
Surrogates
Surrogates’ C ED W. W. Davidson, Attorney For Executor, Davidson Hidg
Lawton Street
New Rochelle, N. Y
Wabash Railroad to Move HQ from Pittsburg this Month
E. T. Jeffery stated that the Wabash Railroad will depart Pittsburg at month’s end. The Wheeling & Lake Erie receiver and officers will be based in Cleveland. The Wabash Pittsburg Terminal Railway receiver and associates will base in Pittsburg. Much of the new Pittsburg Terminal Building is already leased for offices.
MENTIONED IN THIS ARTICLE
E. T. Jeffery
Pittsburg
Wabash Railroad Company
Wheeling & Lake Erie Railroad Company
Cleveland
Wabash-Pittsburg Terminal Railway Company
The Spitfire on Board A Yachting Tale by Edward Peple
A sea tale set on a yacht introduces Valda daughter of a quarrelsome millionaire Polly her friend who treats every man as a god Aunt Mary the Reliable Chaperon and the aloof Ormond. Readers are drawn into the mood and suspense as the yacht voyage unfolds and emotions stir in Peple’s light hearted seasonable story.
MENTIONED IN THIS ARTICLE
Edward Peple
Valda
Polly
Mary
Ormond
Federal receivers win. stay in charge of Mutual Reserve Life
Judge Ward denied the state court receivers Day and O Donohue leave to remove federal receivers Russell and Rushmore. Ward orders turnover of assets to the federal receivers and directs the Superintendent of Insurance to transfer bonds secured by mortgage and certain corporate stock plus any collected interest or dividends back to the Mutual Reserve Life receivers.
MENTIONED IN THIS ARTICLE
Mutual Reserve Fund Life Association
Central Trust Company of New York
International Harvester reports 1907 earnings and profits
The 1907 report shows total net earnings of 11,228,317 and net profit of 8,080,457. After dividends, surplus reaches 3,580,457, added to prior years, giving undivided profits of 12,006,307. The firm outlines depreciation, repairs, and reserves, notes no bonded debt, and highlights a capital program totaling 62,844,136 in property additions.
MENTIONED IN THIS ARTICLE
International Harvester Company
Chicago Wheat and Corn Markets End Weak After Morning Strength
The Chicago wheat market reversed from strength to close weak as liquidation by leading longs spurred selling. July wheat opened higher then slid, closing around 64 1/4 to 64 1/2 cents. Corn rose early on rain in Kansas and Oklahoma but fell back, closing near 67 to 67 1/4 cents. Oats followed mixed wheat and corn, closing weak after an early firm session. Provisions stayed steady with July pork at 1390, lard up to 800, ribs at 7 1/2. Estimated receipts: wheat 17, corn 236, oats 221 cars. hogs 30,000 head.
MENTIONED IN THIS ARTICLE
Chicago
Minneapolis
Kansas
Oklahoma
Sic
Duluth
Securities at Auction by Adrian H Muller & Son
Securities sold yesterday at the Exchange Salesroom include bonds from New Amsterdam Gasco and several railroad and utility issuers. Names such as Yorkville, Arion Society, Cincinnati, Indianapolis, St Louis & Chicago Railway, Lackawanna & Western, Canada Southern, Illinois Central, Norfolk & Western, and others appear among the offerings and receipts.
MENTIONED IN THIS ARTICLE
Exchange
Adrian H. Muller & Son
New Amsterdam Gasco
First Consolidated
Rochester Land Co
Rochester Railway & Light Co
Yorkville Pir
Arion Society of the
City of New York
Cincinnati
Indianapolis
New York, Lackawanna & Western
Canada Southern Railway
Utica & Black River Railroad
Scrip
Knickerbocker Trust Co
Mercantile National Ban
Big Stone Gap
Powe
United Gas Light and Fuel Co
Sandy Hill
Fort Baward
N. Y
Corn Exchange
Chicago & Great Western Terminal
First
Atlantic & Yadkin Railroad
Norfolk & Southern Railroad
Gage
Merchants’ National Bank
National Bank of North America
la France Copper Co
Newfoundland
Decker Electrical Manufacturing Co
Ibader 2G
Teveland
Chicago & St Louis
Cairo
Night and Day Bank of
New York
Federal Gas Co
Mannington Railroad
West Virginia
Bend Sai Eek
Helsa Eee TM
Carnegie Eas Ae
Trust Co. of America
Norfolk & Western Railroad
General Mortway Co
Paterson and
Ees Gas and Electric
Mechanics’ National Bank
Mechanics and Trade Railway
Bowling Green Trust
Richmond
Fort Wayne
Laws of Pennsylvania
Fairmount
Carnegie Trust Co
New Jersey
Beans and Butter Market Report from New York 1908
New York June 10 1908 beans and peas dull with small stock in first hands. Prices listed for marrow and pea beans, Scotch peas and various butter grades. Receipts today include 13 484 pkgs of butter and 24 537 cases of eggs. Fruits show mixed movement with apples peaches and cherries, while hops and hay markets trend weak with ongoing supply pressures.
MENTIONED IN THIS ARTICLE
New York
Lima
California
Western
Liverpool
New—State
Pennsylvania
Roxbury
South Carolina
Georgia
Florida
Staten Island
Hilton
Jersey
Delaware
Maryland
Virginia
North Carolina
Porto Rico
Pacific Coast
Priae
European Produce Market Cleared in Liverpool Trade
June 10 Liverpool. Closing prices for wheat, corn, peas, flour, hops, and meat products. Spot wheat and corn firm with various grades and futures steady. pork, bacon, lard, butter, cheese, and fats showing stable to quiet trading. Petroleum and linseed oil also listed with firmer/steady tones.
MENTIONED IN THIS ARTICLE
Liverpool
California
London
Pacific Coast
India
Also Mentioned on This Page
The
Iron Trade Review
W. U
JP. Morgan & Co
ALTON
U. P
Wabash Railroad Plans
Clinton Gilbert
Wall Street
America
Fifth National
Fifth Avenue
Go Plaza
Fourteenth &T
Riverside
Gallatin
Garfield
Sherman
Tribune
Federal
Mutual Reserve Life Insurance Co
International Harvester Report
Harvester Company
Steel Corporation
Chicago Grain and Provisions
Alb & Susq
Hart & Conn W
Alb & Vermont
Allegh & West
Joliet & Chic
Am Tel & Cable
Lsnare&c
At & CA
Aug & Saw
la & Mo Rivef
Aron G
Mt M
Lowell & and
Little Miami
Beech Creek
Berkshire
H&s Mahon Coal Pl
Bleech
F F
Morris & Essex
Bost & Albany
Bost & Lowell
Nash
Decatur
Bost & Prov
Nashua & Low
Bway & 7Th Av
NY & Harlem
Brooklyn City
Nyl&w
Cam & Brr
Ninth Ave
Catawist Pf
Cayuga & Su
Nrrof
Ogden Mine
Chris & 19Th St
Old Colony
Cleve & Pitts
Oswego & Sy
Col & Xenia
Pac
Trenton Conn River
del & Bd Br
del Hills & 9
Pitts Pt
East Penn
East Mahanoy
Pitts McK
Eighth Avenue
Prev & Worc
Elm & William
Renns & Sara
Gold & Stk
Mjrr & C
GRR & B Co
Ueca Clin & B
Goshen & c
Ra & Bik Riv
Grand River
Utica C
Philadelphia
SAS Welsbach
Lehigh Na
Phila
Elec
Falla Coies Co
A. Foe
Buffalo
Rochester
Wabash
Louisville
Long Island
Tome
State
Bermuda
Baltimore
Eastern Shore
New Orleans
Texas
Norfolk
Canada
Mississippi
Harlem
Ontario
Lehigh Valley
Homer Ramsdell
New Haven
Boston
R. L. Day & Co
Best & Albany
Boston Cone
Cireus R
Fitchburg
Franklin
West End St Ry
Mass Elec Co
No Butte
Osceola
RS Am
Tel & T Co
Eng
Parrot
Tel & T Bald
Quincy
Tamarack
Wolverine
S Smelters Co
Arcadian
Atlantic
Utah
United Fruit
Berlitz School OF Languages
Madison Square
Broadway
Lenox Ave
127Th St
Brooklin Me
Court St
Asbury Park
RYE Seminary
S. J. Life
Starkey Seminary
Seneca Lake
Watkins
M. Summerbell
Lakemont
American and Foreign Teachers’ Agency
Mra M J
Bronx
Borough of the Bronx
Secretary OF the Treasury
Washington, D
Geo. B. Cortelyou
Ofice OF the Commissioners
D. C
Washington
Anacostia River
Henry FR. F. Macfarland
Henry L West
Jay J. Morrow
U S
ARMY
Jenng
Harlem River
John G. D. Knight
Engrs
Abner
Matilda A. Elder
Duer, Strong & Whitehead
Borough of
City of
Annie E. Munn
Adaline M. E. Peters
DUER
Strong & Whitehead
Borough of Manhattan
New York City
Bowery Savings Bank
128
the Bowery
Henry A. Schenck
William E. Knox
Joseph G. Liddle
Wancem Savings Bang
Lexington Ave
the Truste Annual
D. William Fet
Rotter
Thomas R. Ebert
Ark Place
Hutchinson
J. A. Stuart
Society of the Home For Incurables
Pield Memorial
Leighton Parks
Cornel A. Pugsiler
Thomas L. James
William H. McElroy
Anthony Dey
Frederic C. Wagner
Montgomery H. Clarkson
H. M. McLaren
D. O Mills
Niagara
Atlantic City
Montreal and Lakes
White Mountains
Montreal
Ant Lakes
Nova Scotia
Old South Country
Saguenay River
Provinces
Gt Lakes
Yellowtone Park
Hendrickson
Fulton St
West Point
Newburgh
Poughkeepsie
Palace
S&s. Desbrosses
Mary Powell
Desbrosses St
West Shore
Bouie
Apy
Lake Hopatcong
Liberty St
Starin
Hudson River
Glen
RED Bank
Franklin St
N. R
Highlands
Red Banke
Long Branch
Mahon
William
Mary McMahbon
Margaret Whitman
George Harrington
Julia Meivers
Arthur England
Roberto England
George England
Margaret Sennett
Janche McMahon
Lorethy McMahon
Marie McMahon
Hubert Howard
Charles McMahon
Charles England
Charlotte F. Semya
Mary Ellen Cummings
William J. McMahon
Mabel E. Blodgood
John Morrow
Grover Williams
Mary Crawford
Edward Williams
Samuel Williams
Wiliam Williams
James Morrow
New York Finance Company
Mary 2
Moerren
William MrMahon
Mary McMahon
John Mulligan
Helmer
Our County
Saaree
Daniel J. Dowdnet
Surrocates’ Court
Wetherhorn & Link
Li Broadway
Uptown
6Th Ave
14Th St
125Th St
Gist St
12Th
Tremont
Otica
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!