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This newspaper page contains 16 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Jun 11, 1908

Page

3

Steel price cuts meet cautious approval from buyers

Industry observers note the recent reductions in steel billets and finish products are welcome but not radical enough to spur a strong buying surge. Some buyers fear further cuts, while others expect improved sentiment and more contracting as ore interests consider lowering base quotations.

Euhough Iron Trade Review Geland Lake Superior Cleveland Tte

Western Union Declares Quarterly Cash Dividend

Western Union Telegraph declares a quarterly cash dividend of one half of 1 percent, lower than the 1 4 percent rate used last January for stock dividends. The quarter shows net revenue around 1 1,000,000 with a surplus after dividends about 463,388, against 68,388 in 1907. Fiscal year earnings project a net revenue of about 25.55 million versus 6.22 million in the previous year, with a deficit after dividends of 2,671,111, vs 36,063 in 1907.

Western Union Telegraph

New York Central to Issue Bonds and Keep Dividend

New York Central directors discussed issuing 1300000 of 4 percent debenture bonds authorized by the Public Service Commission in April. J P Morgan & Co reportedly neared purchase of thirteen million in bonds to finance current needs. Directors declared the regular dividend of 1 1 4 percent payable July 15, citing higher net earnings to justify the payout.

Pubiic Service Commission New York Central Railroad Company J. P. Morgan & Co New York Central

Dividend Cut Helps Offset Earnings Decline

Reduction of the dividend to a lower percent last March reduced yearly disbursements by about $1,800,000, a figure that would go a long way toward offsetting the drop in net earnings.

Alton Dividend Declared by Clover Leaf Control

The Chicago & Alton Railroad directors under Clover Leaf control declared a 1 percent dividend on common stock and a 2 percent semi annual dividend on preferred. The history includes old and new corporate structures, large capitalization, and prior ownership shifts among Harriman Gould Schiff Stillman interests, Rock Island, Union Pacific, and Clover Leaf.

Chicago & Alton Railroad Company Toledo, St. Louis & Western Clover Leaf E. H. Harriman George J. Gould Jacob H. Schiff James Stillman Rock Island Union Pacific

Heavy Demand for Union Pacific 50 Million Bonds

Subscriptions for 50 million dollars of Union Pacific first lien and refunding mortgage bonds opened yesterday in New York and London. Reports from Kuhn, Loeb indicate strong reception in New York while London banks Baring Brothers and Glyn, Mills, Currie show satisfactory totals though not disclosed. Lists remain open one or two more days to accommodate out of town bidders, with Monday planned as closing time, though earlier exit is possible.

Union Pacific Railroad Company London Kuhn, Loeb & Co Baring Brothers & Co Glyn, Mills, Currie & Co

New Board Planned for Suspended Mechanics and Traders Bank

When it reopens the suspended bank will have a new board of directors and a fresh president. Paul Grout will confer with State Superintendent Clark Williams to present officer names for approval. The superintendent demands elimination of prior interests. at least four branches in Manhattan and Brooklyn will be abandoned for failing investments.

Mechanics and Traders’ Bank State Banking Department Paul Grout Clark Williams Manhattan Brooklyn

Wabash Railroad Plans Move to Cleveland and Pittsburg

E T Jeffery stated that the Wabash Railroad will depart Pittsburg at month end. The Wheeling and Lake Erie receiver and associates will be based in Cleveland while the Wabash Pittsburg Terminal Railway receiver and associates will base in Pittsburg. The Pittsburg Terminal Building will largely be used for offices, a fact already in practice in part.

E. T. Jeffery Pittsburg Wabash Railroad Company Wheeling & Lake Erie Railroad Company Cleveland Wabash-Pittsburg Terminal Railway Company

The Spitfire A Bright Seaside Tale By Edward Peple

A light season story on a millionaire and his yacht introduces Valda Polly Aunt Mary and Ormond with playful tension. Edward Peple crafts a breezy comedy feel as the yacht visit unfolds and the young cast encounters romance and wit aboard.

Edward Peple Valda Polly Mary Ormond

Federal receivers win. remain in charge of Mutual Reserve Life

Judge Ward of the United States Circuit Court denied the state court receivers request to remove the federal receivers William Hepburn Russell and Charles E. Rushmore. Ward ordered transfer of bonds secured by mortgage and certain corporate stock to the federal receivers. The decision includes recovery of interest or dividends collected by the Superintendent of Insurance and not yet turned over.

Mutual Reserve Fund Life Association Central Trust Company of New York

International Harvester reports record 1907 earnings and surplus

The 1907 report shows net earnings of 11 228 317 and net profit of 8 080 457. After dividends a surplus of 3 880 457 plus prior year surplus yields undivided profits of 12 006 307. Reserves total 2 841 502 for depreciation and ore extinguishment plus 1 973 677 for repairs and renewals. The company notes no funded debt, free property, and a 1900–1907 capital addition figure of 62 844 136. The report is praised for its clarity, seen as a model for corporate disclosure.

International Harvester Company Bees Ornean Wall Street Harvester Company Steel Corporation

Chicago Grain and Provisions Market Summary

Chicago June 10 wheat reversed to close weak after early strength. July wheat down 1/4 cent. corn up and down with late selling. oats firmer then weak. Provisions steady with local packers buying. Wheat and flour clearances 91,700 bushels. primary receipts 216,000. Tomorrow's receipts: wheat 17 cars, corn 236, oats 121, hogs 39,000 head.

Chicago Cork Minneapolis Kansas Oklahoma Sic Duluth

Securities At Auction At City Exchange Salesroom

Securities were auctioned by Adrian H. Muller & Son yesterday at the Exchange Salesroom. The items included numerous bonds and stocks such as 100 shares Mechanics and Trust Co, 100 shares Mercantile National Bank, 5000 New York Lackawanna and Western Railmortgage, and 100 shares Carnegie Trust Co, with various first mortgage bonds and collateral trust bonds noted along with due dates and interest details.

Clinton Gilbert Wall Street Liberty American Lincoln Am Exchange Manhattan Zetna National Market & Ful Bronx Metropolis Battery Park Bowery Mechanics Buteh & D Mercantile Coal & I Nat Consolidated Century Chase Mount Morris Chatham Mutual Ais Com Chemical Nassau NYNBA Chelsea Exch New Netherland Columbia East River Pacific Fidelity Aes Park First National Fifth National Plaza Eee Fifth Avenue Ae Produce Riverside Fourteenth St Sea Gallatin Garfield Sherman German-Am Twelfth Ward Greenwich Union Exchange Hanover Washington West Side Yorkville Jefferson Exchange Adrian H. Muller & Son American Telegraph and Cable Co Commonwealth Trust Co Paterson and Passaic Gas and Electric Co Central Park, North & East River Railroad Rochester Land Co Rochester Railway & Light Skincoln National Bank Shaves Mechanics’ National Bank MOM Corn Exchange Bank Toledo, Peoria & Western Railroad Scrip Mechanics and T Knickerbocker Trust Co Mercantile National Bank Big Stone Gap Pew Railway United Gas Light and Fuel Sandy Hill Fort Ae N Corn Exchange Bowling Green Tast Co Chicago & Great Western Terminal la France Copper Co Janus Newfoundland Syndicate Newfoundila Decker Share Anion Society of City of New York Way Co New Amsterdam Gas ‘Co Maly Canada Southern Railway Illnois Central Railroad Cincinnati Richmond Fort Wayne Atlantic Bank of North America New New York, Lackawanna & Western Terdar Utica Ares Iron Mannington Railroad West Virginia Ceace Carnegie Eee Carnegie Trust Carnegie Trust Co

New York Produce Market Roundup June 10 1908 Beans Butter Eggs

In New York on June 10 1908 beans and peas markets were dull with limited first hand stock. Lima and imported beans hold firm though prices vary by grade. butter demand steady with steady prices across creamery and process varieties. eggs receipts 24 537 cases with weak demand and broad price ranges. Fresh fruits show mixed activity with apples peaches plums cherries and strawberries in varying supply and price shifts. Hops and hay and straw markets described as dull with uneven outlooks amid regional weather impacts.

New York Lima California Western Jiverpool Cable Ile Pennsylvania Roxbury South Carolina Georgia Florida Staten Island Hilton Jersey Delaware Maryland Virginia North Carolina Pacific Pacific Coast State Prine Philadelphia Long Island Tome Bermuda Baltimore Eastern Shore New Orleans Texas Norfolk Canada Mississippi New York Central Harlem Ontario Lehigh Valley Erie Lackawanna Ramsdell New Haven

Market reports show steady poultry demand and varied produce prices

The market notes firm prices for straw and cereals, rising live fowl demand, and steady dressed poultry with some items higher. Spring chickens appear plentiful while fowls and turkeys show mixed movement. vegetables show ample supply for potatoes to peppers, cabbage to tomatoes with assorted regional price ranges.

European Produce Market roundup from Liverpool June closing

Market notes show wheat prices for Western No 2 red and No 1 California with steady futures for July September and December. Spot corn firm with new American and old American varieties. peas and flour quoted. hops in London steady. beef and pork values firm with various cuts steady. butter cheese lard and oils cited. turpentine rosin and petroleum futures quiet. linseed oil firm.

Liverpool California London Pacific Coast India

Also Mentioned on This Page

Sone Jrase E. H. Gary United Tes Steel Corporation W. U J.P. Morgan & Co ALTON U. P Wabash Railroad Plans Tribune Federal Mutual Reserve Life Insurance Co International Harvester Report Eae Alb & Susq Hart & Conn W Alb & Vermont Ill Cent L Cs Allegh & West Am Tel & Cable Joliet & Chic Lsnar& C At & CA Aug & Sav la & Mo River Avon G & Mt Little Miami Beech Creek Lowell & and Berkshire Mahon Coal Bost & Albany Morris & Essex Iss Bost & Lowell Nash & Decatur Bost & Prov Nashua & Low Bway & 7Th NY & Harlemans Brooklyn City I Nyl&w Cam & BR R Ninth Ave Catawist Pf North Carolin Nrrof Cayuga & Susq Nrrof NJ CPN &E R North Penn Chat'chee & G Northwest T Ch & E Sictfs Nor & War of Ogden Mine Chris & 10Th St Old Colony Cleve & Pitts Oswego & Syra Cel & Xenia Pac At Tel Com Union Me Pat & Hud Concord& Mon Pat & Ramapo Conc & Ports Peoria & Mw C & Pass Pf Phil & Trent Conn River Pitts Be L del & Bd Bri Det Hills & 9 Pitts TJ Wé East Penn East Mahanoy Pitts McK & Y Eighth Avenue Elm & William Renns & Sara Twenty-third St Gold & Stk Mjrr & C GRR & B Co Utica Clin & B Goshen & Dec Om Utica & Elk Riv Grand River Vy Utica C G. & Vy Elec &T Bat Co Penn Steel Co Elec Co Am.c E Fairmount Trac Phila Elec Co Phila Rap Smokeless Powil Ins Co Union Traction Lake Sup UN Gas Imp Co Welsbach Co Lehigh Phila Elec Phila Co Feo Buffalo Rochester Wabash Indianapolis Louisville Boston R L. Day & Co Boston Cone Boston Ee Cal & Hecia M CIREU Franklin West End Parrot Tel & T Quincy Tamarack Wolverine S Smelters Co Shannon United Fruit Bingham Country Produce Markets Berlitz GOF Madison Square Broadway Lenox Ave 127Th St Brooklin Court Strummer Asbury Park N. J RYE Seminary S. J. Life Starkey Seminary Seneca Lake Watkins M. Summerbell Lakemont N_ Y American and Foreign Teachers’ Agency M J Young-Fulton Trion Square Orough N.Y P. D Treasury Department Washington, D. C United States Borough of the Bronx Secretary OF the Treasury Washington, D Geo. EL Cortelyou Commissioners D. C Anacostia River Bridge Co. Co Imstrict Henry B. F. Macfarland Henry L. West Jay J. Morrow Za. C Abner C . Thomas County of 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 THE Bowery Savings Bank Morey Henry A. Schenck William E. Knox Joseph G. Liddle Wanes Savings Bang Lexington Ave William E Rotter Thomas R. Ebert Ste Ark Place F. Hutchinson LL. A. Stuart Society of the Home For Incurables Field Memorial Chapel Leighton Parks Cornelius A. Pugster Thomas L. James William H. McElroy Anthony Dey Frederic C. Wagner Montgomery H. Clarkson H. M. McLaren D. O. Mills Secretar T. H. Srt Fulton St Brooklyn, N. Y West Point Lake Hopatcong Liberty St Starin Long Island Sound Hudson River Sunray Schools Cortlandt ST Piers Cortlandt RED Bank Line N. R AL Aves Frank St. Ae Highlands Red Nevery Park Mahon William State of Mary McMahon Margaret Whitman George Harrington Julia Meivers Arthur England Robert England George England Margaret Bennett Blanche McMahon Dorothy McMahon Marie McMahon Hubert Howard Charles McMahon Charles E Charlotte F. Somya Mary Ellen Cummings William J. McMahon Matel E. Bloodgood John Morrow Grover Williams Mary Crawford Edward Williams Williams William Williams James John Mulligan Iigman Mannheimer Abner Daniel J. Dowdney Surrocates Wetherhorn Lil Broadway N. Y. City God Mary & English Georgianna Croffitt J. Parkman Crosby Ellen Warren Fannie Warren Mary Warren John Warren Matilda Muzzy Harriet Stevens Nellie Crosby 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. S. Gilbert Marta Barnes Ellen Phelps Clara M. Tuttle Howard Ives Myra_L. Matthews Bridget Cross Emily May Hine Eliza ©. Wilkins Lilly Warren Elizabeth T. Watson Margaretta W Crosby Thomas D. Croffut Charles T.croffut Frederick W. Croffut Lewis R. Croffut New Haven City Burial Ground Brooklyn Trust Company Caroline Louise Drew Frederick M. Drew John W. Drew Charles W Morris Charles W Morris, Jr Edward E. Morris Charles W. Hine Margaretta B. Warren Hall of Records Nathan O. Tuttle Abner Co. Thomas W. Davidson Duevidsom Bidg Lawton Street New Rochelle Uptown 36Th Sith Sts Poclock ' m 6Th Ave 12Th St 14Th St 7Th Sth 125Th St Wath Tih Ad Ave
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