Rail and Electric Lines Report June 1908 Mileage and Finances
Central of Georgia and multiple rail companies report miles operated First week in June and July 1 to June 7 financial totals. Havana Electric and Detroit & Mackinac show changes in lists and increases in income. Totals include capital figures for miles run and revenue across several routes in June and early July.
MENTIONED IN THIS ARTICLE
Central OF Georgia
Chicago
Indianapolis
Louisville
Mobile & Ohio
Toledo
ST. Louis & Western
Norther Pacific
Havana Electric
Inc
Detroit & Mackinac Pos Wren
Treasury condition report shows reserve and trust fund totals
Washington June 14: the Treasury opening shows reserve fund 150.9 million dollars, trust funds to redeem outstanding certificates bullion and coin totals, with overall general fund and national bank receipt statuses noted. 107 464,988
MENTIONED IN THIS ARTICLE
Washington
Treasury
Grain market fluctuates as July and September futures shift in Chicago trade
Wheat and other grains moved erratically amid crowd mood. July wheat opened at 6 and fluctuated, while September ranged with gains and losses. Corn fell then rallied under heavy rainfall in the Western belt. Provisions showed dull to steady prices with declines in hogs and lighter receipts reported.
MENTIONED IN THIS ARTICLE
The
Tribune
Sic
Ktac
Rte
Vances
Morgan Middleman In Bridge Deal
Control of the Kentucky and Ohio Bridge Company sells to J. J. Morgan & Co. and may pass to the Cincinnati Hamilton and Dayton Railroad. The Ironton bridge project would connect with Kentucky and give the Detroit Toledo and Ironton system an outlet. the deal clarifies access rights upon closing.
MENTIONED IN THIS ARTICLE
Kentucky and Ohio Bridge Company
J. J. Morgan & Co
Tincinnati, Hamilton and Dayton Railroad
Wridge Company
Ohio River
Ironton
Ohio
Detroit, Toledo and Ironton Railway Company
Kentucky
Cincinnati, Hamilton & Dayton
Detroit, Toledo & Ironton
Detroit
Securities Prices Decline In Early Trading
Reading drops 10 points before closing, with mixed advances and declines across many stocks. Major names such as Mexican Cen, Am Cotton Oil, NY Central, and Pacific Mail show varied changes while bond prices also move, as cotton exports rise and farm prosperity supports broader business strength.
MENTIONED IN THIS ARTICLE
Allis-Chal Co
Souis & Eee Rai
M & St L
Ag Chem
Heet Sug
Mo Kan & Tex
Am C & Fadry
Penn Railroad
Ealt & Ohio
Peoria & East
Bklyn Rap Tr
PCC
St L
Brunswick
Pitts Coal Co
Cit P
St Louis Southw
Texas
L & Ae
Rein City
del & sFudao
del L & W
Union Pacific
Dn&rg
My — Tiamond Mrts Dist
Dss&a Pf
Erte
Flee Co
Elec Ry
Hock Valley
Vulcan Detin
Iminnots
Wabash
Bas -3
Kan City
Wis
Long Island
Japan
Penn
At&s F
U' 5 Steel Se
Wabach PD
Stock Market Declines Amid Speculation and Liquidation
Heavy speculative liquidation drove a sharp stock market drop with readings down over 2 percent in many active issues. Reading fell to 132 in intraday trade and closed at 135 1 2, down 5 1 2 points, as pool selling pressured prices. Baltimore & Ohio rose 2 3 4 on higher volume amid dividend talks. copper shares and rails showed weakness while several operators pushed prices lower.
MENTIONED IN THIS ARTICLE
United States Steel
Delaware & Hudson
Northern Pacific
Union Pacific
St. Paul
Baltimore & Ohio
Pennsylvania Company
Pennsylvani Railroad
Brooklyn Rapid Transit
Stock Exchange
Wall Street
Beef Trust
United States
Bond Market Sales Reported Across Wide Range of Bonds
The record lists numerous government and corporate bonds with varied denominations and yields. Entries include Cuba 10000 and 10000 M St Ry Gen Ss, several 4s and 5s across issuers such as Mex Cent Con and Penn Conyt, with yields noted from around 0% to the low 120s, culminating in a total sale figure of £ 2,184,000.
MENTIONED IN THIS ARTICLE
ban + sa
LE & W
Cuba
S . Bono
BRIOO
Inc
J & St L
At & Dany
Cssensass
YG &E
Norf & W
Nor Pac Gen &S
Og & L
Ner
Ist
Jona T St LL & W
Union Pacase
Steel
Do Moccce
Wabash
Ronn
West Shore
Do Penn CT
Railroad And Other Stocks Trade Report
The market closed with total sales for the day at 190 740 dollars. Unlisted stocks appeared in the session.
Mercantile Marines Show Strong Year Profit and Re-elected Directors
At the adjourned annual meeting of the International Mercantil Marine Company directors were re-elected with James H. Hyde replaced by Thomas W. Joyce of J P Morgan & Co. Officers were re-elected. The year ended December 20 16 shows a surplus of 3 127 401 up from a deficit of 1 573 7H. The report notes reduced operating administration costs and increased loans and bonds. Leyland and National lines report profits on working accounts but overall depreciation reflects earnings. The Bureau of Statistics released May exports data for domestic products.
MENTIONED IN THIS ARTICLE
International Mercantil Marine Company
James H. Hyde
Thomas W. Joyce
J. P. Morgan & Co
Ace
Leyland and National Lines
American Securities Abroad Market Activity
London markets show American securities trading quietly with heavy demand. Last quotations indicate subdued price levels as traders await further U.S. or international financial developments.
MENTIONED IN THIS ARTICLE
London
Bank Returns Show Mixed Reserve Movements in London and Paris
London weekly Bank of England report shows reserves up 1 559 000 pounds and bullion up 1 202 555 pounds while other securities fall 2 916 000 and public deposits rise 472 000. Bank rate stays at 4 percent. Paris Bank of France reports notes in circulation down 26 578 000 francs and treasury deposits up 23 475 000 francs with gold on hand 3 875 000 francs lower.
MENTIONED IN THIS ARTICLE
London
Bank of England
Paris
Bank of France
Treasury
Money Market and Exchange Rates Report
Money market quotes show call at 3 percent with 8 percent high and 2 percent low. Time money ranged from 4 percent for short terms to 5 percent for seven months. Foreign and domestic exchange figures list bank rates, commercial discounts, and actual closes with United States and international figures. Government receipts and Sub-Treasury balances noted for Washington and major cities.
MENTIONED IN THIS ARTICLE
Reichsmarks
Oguemence Nore
Belgium
Switzerland
Holland
New Orleans
Tse
San Francisco
Telegraph
Boston
Chicago
Charleston
Cincinnati
Savannah
Minneapolis
St. Louis
New York
Baltimore
Philadelphia
London
Madrid
Lisbon
Washington
Sub-Treasury
Clearing House
Wall Street Activity and Dividend Declarations Across Industries
Foreign trading was subdued with mixed activity as copper sales offset steel and Union Pacific purchases. Dividends were declared by Westinghouse Air Brake, Hudson Realty, Southern Pacific, Tennessee Coal and Iron, Guaranty Trust, Jefferson Bank, National Bank of Cuba, Aeolian Weber, Baltimore & Annapolis Short Line, and United Gas Improvement. May iron production reached a record high, with 2,096,746 tons and five month total 10,200,900 tons, surpassing last year. Directors of Tennessee Coal and Iron and Republic Iron and Steel discussed extension plans including a proposed southeast steel mill project.
MENTIONED IN THIS ARTICLE
Taran Gold
HighiLow
Fin
Amer
Amer Express
Hide & Ae
Amer Ice
Amer Linseed
Amer Smelting
Jana ’ Lane
Amer Wool
Anacomia
Ann Arbor
Ceeecens
Atchison
Loz
Maa Sa
Ad Coast Line
Ohio
Boston
Brunswick
Buff R & Pitts
Butterick Co
Uff & Sun
Canadian Pacific
Edo
So Am Tel.j
Sentral Rte
Central
Ches & Onto. Aa
STM
SiMe Stm
Chicago & Alton
jCh & E
Bur & Ae
Ind & L
Chie
Mil & St P
Salaya
Union Trac
Los
Cley & Pitts
Col Fuel & Iron
Col & Southern
HC & Ir
Comstock Tun
Nsol
del & Hudson
del Lack & W
Deny & Rio Gr
M & Ft D
Bet United
Mastinan Rocak
Gen Chemical
General Electric
Havana
Elec
Hocking Valley
Lion Stake
Michigan
Essex
Jase
Sarge
Norfolk & West
North
Slysi
Ontario
Penn RT Eaves
Peoria & East
Peo Gas & Coke
Pittsbur
Sebmeene
Rena & Bara
Rep Iron & St I
Rock Island
Lot
Southern
Coal & Tr
Texas & Pacific
Land Trust
Peo
West
Ry & Light
Betty
Hag & P
Tuton Pactti
Vandella RM
Maryland
Westinghouse Air Brake Company
Hudson Realty Company
Southern Pacific Railroad Company
Tennessee Coal and Tron Railroad Company
Guaranty Trust Company
Jefferson Bank
National Bank of Cuba
Aeolian, Weber Piano and Pianola Company
Baltimore & Annapolis Short Line Railroad Company
United Gas Improvement Company
Philadelphia
Republic-Tennessee Coal and Iron
Tennessee Coal and Iron Company
Republic Iron and Steel Company
Tennessee Company
Extree
Eeutha
Rail firms push toward 600000 ton steel rails demand
The report notes orders and production shifts across major rail and steel firms. Missouri Railway Company shows no rails purchased and a mix of claims about Harriman interests. Wabash Railways and bondholders adjust plans as routine committee meetings proceed amid market activity in iron certificates and currency movements.
MENTIONED IN THIS ARTICLE
Missouri Railway Company
Harriman Ines
New York
Wabash
Wahnash Railroad
Angle Bondholders” Protective Committee
Mage
ST. Paul
Chicago, Milwaukee Gat Paul Railway Company
P Cates
Tratington Sil
New Orleans
San Francisco
Treasury
International Traction
International & Company
MiNs Bros
Curb Market Trading Shows Downward Trend Across Securities
The curb market opened weak and extended lower through the first trading day. Most issues declined with few offerings and minor activity in recently active shares, as several securities slipped while some stayed near steady.
Also Mentioned on This Page
Hallgarten & Co. Bankers
Nassau Street
Investment Securities Foreign Exchange
Halsey & CO
Wall ST
Philedelphia
C.H. Venner & Co., Bankers
Redmenda
Pine St
Northwestern
Deri
Schmidt & Gallatin
N. ¥. Stock Exchange
Broadway, N. Y
PF Aelzer & CO
Bankers
Broad D Street
Federal Treasury
Morgan Middleman
PM & M Dak
A Fert Fia
Consolidated Exchange Sales
Ing
Sale
Allis-Chalmers
Top &'S
Bait & Ohio
Brooklyn
Ches & Ohio
Mil & St
Mil & St P Lsely Isl *S Lis
Consol Gas
Denver & Rio Gr
Louis & Nash
Mex Central
Kan & Tex
BOT
Orfolk & Wes
Pennsylvania
Catalpa
Comstock
Crescent
Daly
el Paso
Elkton
Goldfield
Jim Butler
Queen
Montgomery Mt
Sper
Mercantile Marines
Department of Commerce and Labor
Bureau of Statistics
MLS
Veene
Ita. Ae
Wasrior
Sony
le Inc
Sipos Inc
OS Inc
Cow Mn
District of Columbia
American Securities Abroad
Atchison Eee
Balto & Onto
Mikes Canadian Pacific
Chile
Gt West
M & St Paul
Denver & Rio
Tilmois Central
Lauis & Nash
North West
Ontario & West
Southern Pacific
Southern Railwa
Bos
Berlin
Berlin Exchange
Paris Exchange
Tis Sd
Money and Exchange
Wall Street and Exchanges
Curb Market Trading
Hethlelem Steel
Havana Tobacco
Marine Common
Mackay Common
Chicago Subway
Greene
Jean
Industrial
Beth Steel
Westch Lt Co
Paper & Eulp
Railroad
Wien
Subway
Crip Creek Cent
Ing. Wor
Alaska Mines
Bingham
Boston Copper
Butte
Cumb-Ely
Dav-Daly
Giroux Wwesecwesel
Guanajuato
Tim Butler
Mtemac
Mitchell ' S
Montgom
New Cow
Neow Utah
Niing M Co
Penn & Cana Cop
Prec Metals Corp
Os” Hsee Co
Tonopah
Union Cop Co
Utah Copper Tees