Noteholders' Action Over Collateral Motes At Issue
In the Michigan Supreme Court Justice Blanchard ordered briefs due next Wednesday over 1.28 million collateral notes of the Detroit Toledo and Ironton Railway held by a noteholders committee led by Joseph Ramsey Jr. The case centers on the Ann Arbor Railroad notes secured by stock control and the attempt to separate from the Detroit Toledo and Ironton under a receiver. Hollins & Co oppose the move, while the committee claims the trust company agreed to turn over collateral.
MENTIONED IN THIS ARTICLE
Justice Blanchard
Supreme Court
Yester- Gay
Detroit, Toledo & Ironton Railway Company
Ann Arbor
Detroit
Toledo
Trenton
Hollins & Co
Hollins
J. Russell Soley
George M. Cumming
Trust Company
Non-Member Banks Report for June 28 in Clearing House Area
The weekly statement of averages for non member banks in New York City Brooklyn Jersey City Hoboken and Staten Island shows changes in loans discounts investments and deposits. It lists circulating notes deposits with clearing banks and trust companies and banknotes totaling several million dollars with date references to Dec and June figures.
MENTIONED IN THIS ARTICLE
New York City
Brooklyn
Jersey City
Hoboken
Staten Island
New York Clearing House Association
American securities abroad market overview London close
The foreign market shows an initial selloff in American securities with a firmer close. Quotes include Atchison, St. Paul, New York Central, Southern Pacific, and others. call money in London at 1 percent with other rates listed. British consols near 87 12-26, French rentes at $1 francs 9 centimes.
MENTIONED IN THIS ARTICLE
London
New York
Atchisonne
St Paul
Louisville & Nashville
Erie
New York Central
Ail Pennslvania
Southern Pacific
Berlin
Paris
Paris Exchange
Berlin Exchange
Stock Prices Leap on Active Trading Day in 1907
Market activity surged with 12,299 shares traded at a better level and 994,297 shares for the same period in 1907. Investors watched prices rise as brokers reported strong interest across major listings.
Financial affairs stock values show cautious rally dated optimism
Stock values rose on a modest rally as floor traders nibble and big holders hint at future gains. Analysts cite a non aggressive bull stance by large houses, selective buying in Rail and Steel shares, and improving bond opportunities amid easy money rates and expected second half railway improvement.
MENTIONED IN THIS ARTICLE
Harriman Group
Amalgamated Copper
American Smelting
Reading
United States Steel Common
Union
Southern Pacific
Standard Oil
Chesapeake & Ohio
New York
Ontario & Western
Berlin
Missouri Pacific
Pennsylvania
Taft
Consolidated Stock Exchange Buoyed by Bryan Taft Prospects
Trading on the Consolidated Stock Exchange was fairly active with heavy opening and a strong market tone. Professional floor operators led the activity while gains were driven by expectations of Bryan's nomination and Taft’s likely election after a strong bank statement.
MENTIONED IN THIS ARTICLE
Consolidated Stock Exchange
Bryan
Taft
Chicago Closing Stocks Readout From The Exchange
Chicago market summary lists preferred and common equities including National Biscuit Edison Quaker Oats Swift & Co and Teletype telegraph related issues. Prices show percentages and closing values across several firms with notes on preferred stock lines and railroad or car shares.
MENTIONED IN THIS ARTICLE
National Biscuit
Tiu Edison
Quaker Oats
Chicago
Swift & Co
Bond market sales and notes on various securities
Market listings show NYS 4s and other government and corporate bonds with prices and yields. Entries include Am Tobacco 5s, Coast Fe price notes, B&O Gold 4s, Cent Leather 5s, and multiple rail and utility issues with percent yields and trade volumes.
MENTIONED IN THIS ARTICLE
Coast Fe
Steel Wodon
Igoo Ois
Sane
CRI &P
Col & Se
Money Market and Exchange Rates Report in Brief
Money on call opened at 1 percent with little demand overall and high rates for short terms. Foreign exchange opened steady, then eased midday. cables near 4.87, demand sterling around 4.8690, sixty day bills about 4.8565. Domestic exchanges show varied city premiums. bank clearings list New York at 135,719,398 dollars. Silver and gold markets noted, Mexican exchange quoted, and government receipts and Sub-Treasury debt figures reported.
MENTIONED IN THIS ARTICLE
Mercantile
Sarpnsres le Cele
Germany
Reichsmarks
Paris
Belgium
Switzerland
Fr. B.ann Holland
Boston
Chicago
St. Louis
San Francisco
Tel
New Orleans
Cincinnati
Savannah
New York
Philadelphia
Baltimore
London
Madrid
Lisbon
Washington
Treasury
Clearing House
Inactive Stocks: Last Closing Quotations at Market Close
Summary of last closing quotations for untraded stocks on the New York Stock Exchange. List includes Adams Ex. 107 171% 195, Am Ag, Am Coal, Lake Shore, Marine, Mackay Co., Manhat El, New BR & P, and many others with bid and ask figures, pref and common shares, and notable percent changes. No transactions yesterday.
MENTIONED IN THIS ARTICLE
Charles Darney & Co
Broad Street
York
South 4Th Street
Philadelphia
Am Cement
Lehigh Val RR
Oy Lowy Am Ev Co
Marsden
Penn Steel
Fairmount Trac
Phila Elec Co
Phila Rap Tr
Ins Co
Lake Sup Corp
Union Traction
UN Gas Imp Co
Lehigh Navy Welsbach
U. S
Phila Elec
Elec & P
Lie Phila Co Bs
New York
Adams
K Cfs&m
Am Ag Ch
Lac Ac& F
L E Keo & DM
Am CO
Lake Shore
Long Island
Marine
H&s
Mackay Co
Lin
Beach
Manhat el
MD Coal
M St Ry
M& Cent
St L
Msp&ssm
M K &T Pf
Ann Arbor
Nash & Ch
Nat
L&w C&sat
N J
Cmespet
Co & Nw
Ccc&st L
Cleve & P
H C&i
Dot von Caal
St L & Sw
del & H
Sears R Pf
D&rg
Sorropf
Dss&a
Rys & L
Fed
M&s
B& P
Edo
Ch Co
el Co
el Ry
Vandalia RR
Hock Val Vale& c
A Inc-R Co
Wabash
Int- Met West Md
Iowa
Wis
Ing
O. A
Bay State Gas
Tron Steamboat I
Manhat Transit
Panama Cement
Chicago Subway
Alas Mines Secur
Atlanta
Butte
Butte & N
Carisa Ae Eae
Con Ariz
Iss
Douglas
el Rayo
Ely
Florence
Furn Creek
Gibraltar
Giroux
Adda
Goldfield
Goldfield G Bend
Ing. Est
Greene Cop Sm
Val ¢ Consol
Best & Belcher
la Rose Consol
Cal & Val
Cal & Val We 200| Mex Exp! & M
Comstock
Miami
Diamondfield
FOO Mines Co
Elkton
Mont-Shosa
Utah M & S
Nipissing M
Montana
Union
Bush
Es Sale
Utah
Apex
Yukon Gold
Toronto
Stewart & Lockwood
Exchange Place
Tidewater
Buffalo
Nipissing
Balt Lake
Nova Scotia
Peterson Lake
Crown Reserve
Red Rock
Meehan
Queen
Kerr Lake
Wattsthewey
Alb
Vermont
Little Nipts Allegh & West
Os Am Tel & Cable
Little Miami
Lowell & and
Avon G & Mt M
Mahon
Beech Reek
Jackson Gas Ss
Berkshire
Morris & Essex
Ran City Gas
Bleeck S&flo
Nash & Decatur
Do Prof
Buffalo Gas
Cam & BR R
North Carolina
Ohio & Ind
Ogden
Old Colony
Cleve & Pit Oolve Oswego & Syra
Do Prisen
St J Gas
Col Xenia
Pac
Pat
Concord & Mon
Pat & Ramapo
St Paul Gas
Phil
Trenton
Tadianapol
Syra
Conn
Pitts B & L E
Lt & P
Det Hills
As Pitts Fe
East Penn
East Mahanoy
Pitts McK & Y
Eighth Avenue
Elm & Wiliam
Renns & Sara
Lse
Roch & Gen Bis Ito
Brooklyn Ferry
NY & ER
Erle & K
Franklin
RR & B Co
Vttca Clin & B
Boston
Goshen & Dec
Vttea & Bik
Grand River Vy
L. Day & Co
Wall Street
Greene
Warren RR Res
Hart & Conn
Best & Albany i
Cal & Hecla
Fitchburg
Clinton Gilbert
Nynh&h S
West End
Mass
America
Liberty Coos
Lincoln Tour
Manhattan Co
Osceola
Bronx Borough
Market & Fulsh
Old Dom
Battery Park
Metropolis Onessis
Am Tel & T Co
Bowery
Eng
Butch & Dro
Mercantile
Quincey
Coal & I
Tamarack
Consolidated
Mutual
Chemical
Nassau
Atlantic
Shannon
Chelsea
Bingham
United Fruit
New Netherland
Columbia
Ee Corn Exchange
Northern
East River
Pacific Oe
Fidelity
Ws Park
Baltimore
van Sehaick & Co
First National People’s
United Railway
Tor
Fifth Avenue
Sod Plaza
Seaboard
Northy & L Ss
Gallatin
Gresvt & S Light & FP
Garfield
Sherman
West Side de de Weyear Ss
Fidelftty
Irving Nat
Yorkville
Maryland Trust Jefferson
Nor Cent Ry
Market Roundup Reports Securities Liquidation and Mergers
Foreign trading showed Amalgamated Copper and Anaconda leading up to late May with active curb sales in London. John H. Davis & Co assess outlook amid a conservative Taft presidency and discuss market liquidity since December 1996. Corn Products merges with Cor Products Refining. preferred and common exchanges outline cash and stock terms. Banks gain from Sub Treasury operations while dividends are declared by J. G. White, Hamilton Woollen, Fifth National Bank and H. B. Claflin. United States Rubber awaits dividend action. Atchison reports May earnings losses. N. W. Harris offers July investment.
MENTIONED IN THIS ARTICLE
Hares
lOpenittight
BieeMasic
Askee Coulee
Shiville
Louisville & Nashville
Tails Chalmers Co
Allis-Chalmers Co. Pr
Minneapolis & St. Louis
Amalgamated Copper
St. PD
Missouri
Kansas & Texas
Missouri Pacific
American Car &Undry
American Ice Securities
Newhouse M
5Stienen
New York Air Brake
American Locomot
New York Central
New York
N. H
Norfolk & Western
Baty
American Tellius
Pacific Coast
Ees Pacific Mail
Anaconda
Pennsylvania Railroad
Atchison
Atchison Pr
People
Republic Iron & Steel
Rock Island_p
St. L
Chesapeake & Ohio
St. Louis & Southwestern
Chicago & Alton
GM Osote Ag
Sloss-Sheff, Steel & I
Chicago Great Western P
Southern Pacific
Chicago
Mil & St
Chicago, Mil. & St. P
Southern Railway
Mil & St. Petts
Tennessee Copper
Por
Wey
Chicago & Northwestern
Itexas & Pacific
Colorado Fuel & Iron
Toledo, St. Louis & West
Colorado & Southern
Bste Wyles
Twin City Rapid Transit
Union Pacific Ene
Union Pacific
Consolidated Gas
Ry. Investment i
Delaware, Lack, & Western
U. S. Cast Iron Pipe & F
Fay
Erie
United States
United States Steel
Great Northern
Great Northern Cre
Utah Copper
Illinois Central
International Harvester
Epiene. Co & Fiee
Va.-Car
Wabash Union Telegraph
Western
Westinghouse
Keeling & Lake Erie
London
Amsterdam
Rock Island
Bank of England
Paris
John H. Davis & Co
Bryan
Taft
Corn Products
Corn Products Company
Cor Products Refining Company
Corn Products Preferred
Corn Products Refining Preferred
Corn Products Refining Common
Sub-Treasu
Sub- Treasury
Sub-Treasury
J. G. White Company
Hamilton Woollen Company
Fifth National Bank
H. B. Claflin Company
United States Rubber
United States Rubber Company
Gold Exports Prompts Largest Market Movement Yet
Gold exports to Germany eyed at 3900000, part of a total 44900000 in recent shipments. United States Reduction and Refining coupons due July 1 payable at Baruch Brothers offices. Copper prices on the New York Metal Exchange eased across all grades by fractions, lake electrolytic and casting quoted lower.
MENTIONED IN THIS ARTICLE
Goldman, Sachs & Co
Germany
United States Reduction and Refining
Baruch Brothers
United States Reduction and Refining Company
Broadway
New York Metal Exchange
Outside Securities Market Stagnates With Narrow Price Moves
The market for outside securities showed practical stagnation as prices drifted within narrow limits. Manhattan Transit rose a small fraction amid better support, Standard Oil eased, and several mining stocks stayed steady or declined slightly.
MENTIONED IN THIS ARTICLE
Manhattan Transit
Standard Oil
Butte Coalition
Cobalt Central
Giroux
Nipissing
Greene Cananea
Capital investor sought for manufacturing business
Wanted partner to furnish portion of 20000 dollars joining with advertiser to purchase interest in an established manufacturing business. Exceptional opportunity. Inquire at Tribune Office.
MENTIONED IN THIS ARTICLE
Tribune
Also Mentioned on This Page
Henry Clews & Co
N. S. Stock Exchange
Phenix National Bank Bank OF N. V. N. B. A. Mortgage Bond CO
Lawyers’ Mortgage CO
U. S. Mortgage & Trust CO
Clinton Gilbert 2
Wall ST
Kings County Electric Light & Power
United States Express
Bush Terminal
Regal
Frederic H. Hatch
Fred'k F. Marqguand
Consolidated Stock Exchange of
Broad
Stocks & Bonds Stock Exchange
Carlisle & CO. Bankers & Brokers
J. Thomas Reinhardt
Broad St
N. Y. Oe
American Securities Abroad
Nage
Ered
Wits
Sornoree
NEW York Stock Exchange
C & St L
Penn Court
RI & St
Piet
FON Union Pac
Money and Exchange
Erbo ,O
C. W.trust Co
34Th Street
125Th St
Lenox Ave
143Th St
Third Ave
Charles H. Keep
Frederick G. Bourne
la Boissevain
P San Q. Brown
Edward H. Clark
Dumont Clarke
Charles F. Hoffman
J. Horace Harding
William B. Joyce
Charles H. Xeeperedge
T. Peters
Arbert L. Satterice
Aes
Payne Whitney
William A. Tucker
the Trust Company OF America
Gresham St
B. C
Outside Securities
Industrial
Chatreau
Ty Edgar L. Marston
John W. Hamer
W. Emlen Roosevelt
Henry K. Pomkoy
Springfield
Linois
Chicago, Peoria & ST. Louis’ Railway Company
Illinois
Messrs Dent, Palmer & Co
W. Street
Stant
H.W
Consolidated Exchange Sales
Allis-Chalmers
Ohio
Halt & iNay
Eklyn_ Rap
Gan Pacific
Ches & Ohio
Southern
Pist Securities
Louis & Nash
Kan & Tex
Pacific
NY Central
U S