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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Liverpool
California
London
Pacific Coast
India
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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
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Cs Allegh & West
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Lsnar& C
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Avon G & Mt
Little Miami
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At Tel
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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
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R L. Day & Co
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Shannon
United Fruit
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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
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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
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Red Nevery Park
Mahon
William
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Robert England
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Margaret Bennett
Blanche McMahon
Dorothy McMahon
Marie McMahon
Hubert Howard
Charles McMahon
Charles E Charlotte F. Somya
Mary Ellen Cummings
William J. McMahon
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J. Parkman Crosby
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Harriet Stevens
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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