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This newspaper page contains 13 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Mar 20, 1908

Page

3

Dividends Declared by Multiple New York Firms

The Reers of Directors announce a quarterly five cent dividend on capital stock payable by stockholders of record at the close of books on March 26. The Mining Co builds at 15 Broad Street and declares dividend No 402 of fifty cents per share. Mechanics' National Bank and Fourth National Bank report quarterly dividends of three and two percent respectively, payable after April 1 to stockholders of record at the close of business March 21 and the close of the month.

NEW York & Harlem Railroad Company New York Edward L. Rossiter NEW York Pock Company Geo. E. Spencer Bowling Green T Company Broadway Recera Tous Imme Jil M. Laws Mestake Mining Co Broad Street Sith Imunsbery & CO Tran THE Mechanics’ National Bank Wall Street Frank C. Roe Flint Mills Fall River de Long Hook and Eyre Company Columbia Trust Company City Rochester F. Pond

Railroads Report Mixed Canadian Northern and Missouri Pacific Earnings

Canadian Northern Berens week ending March 14 shows miles renewed and earnings of 2 552 200 with operating expenses near 2 242 655. Missouri Pacific January results indicate growing earnings of 2 283 965 and net earnings around 716 531 with total operating costs about 29 491 58.

Lm Berens Olorado Missouri Pacific

Irregular Stock Market Drift Marks Day of Fluctuation

Washington reports show a staggering daily balance with receipts of 1 512 114 and expenditures of 2 010 000. Monthly totals reach 27 3 and 33 490 000 with a 33 095 206 year to date excess of expenditures. The Sub Treasury shows debt to the Clearing House at 1 521 554.

Washington Sub-Treasury Clearing House

Money and Exchange in the Market Scene

Money on call opened at 1 percent with highs to 2 percent and a closing 1 a per cent. Time money steady, demand moderate. Mercantile paper showed moderate demand. Foreign exchange opened steady with rates near London discounts. bankers posted rates for sixty day and demand sterling. Domestic exchange cites discounts and premiums across several cities. Bank clearings show New York excess and balances in major cities. Silver and gold prices quoted with Mexico exchange and receipts data.

Mercantile Paper London Tissess Pathe Germany Reichsmarks Paris Energ Pomestic Exchange Boston Chicago St. Louis San Francisco New Orleans Cincinnati Ravennah New York Baltimore Philadelphia Madrid

Railroad and Other Stocks Bond Market Sales

Daily market brief noting a 200 total sales figure for the day across railroad and other stock categories. Uniteted.

Uniteted

Executors Trust Company Charter 1822 Firm Details

The Farmers' Loan and Trust Company lists offices at 16 18 20 and 22 William Street and a branch at 475 Fifth Avenue with London Paris offices 18 Bishopsgate St and 78 Rue de Richelieu. They offer letters of credit bills of exchange and cable transfers.

Farmers’ Loan and Trust Company William Street Fifth Avenue New York London Paris Bishopsgate St Rue de Richelieu

Irregular Stock Market With Late Buying Recoveries

The market opened with fractional advances then declined before a late buying surge largely recovered losses. Rail stocks gained 1 to 2 points, led by rails. Missouri Pacific posted a January drop of $276,794, while New York Central recovered 12 points. Brooklyn Rapid Transit rose 173 points on banking-house support. United States Steel showed small gains as top manufacturers held price concessions. The Bank of England cut its rate to 3 percent, the fifth cut this year, with strong reserves and rising gold holdings signaling potential further easing.

London Bank of England Grand Trunk Pacific Rio Tinto Copper Company Europe Rio Tinto Missouri Pacific New York Central Brooklyn Rapid Transit United States

American securities abroad market closes higher

London reports show American securities finishing the day generally higher. Call money in London at 3 percent for short bills and 3.25 percent for long bills. Berlin and Paris discount rates listed, with exchange rates for London and Paris given in francs and marks. British consols at 7.75 percentage, French rentes at 97 francs 20 centimes.

London Berlin Paris Paris Exchange Lemdor Berlin Exchange

Foreign bank returns show shifts in reserves and deposits

The weekly English reserve report tallies a rise of 787000 pounds in reserves, 172900 in circulation usage, 615000 bullion gain, 727000 in securities drop, and 27204 in other deposits. public deposits rise 316000, with government securities steady. The reserve ratio falls to 20 percent from 50, while the rate of discount nudges to 3 percent. In France, notes in circulation drop 14925000 francs, Treasury deposits rise 48 francs, deposits ease 14525000 francs, gold and silver holdings advance, and bills discounted climb 14300000 francs with 4500000 francs noted as decreased.

Wnden England Aris Treasury

Steel Foundries Earnings Report for Half Year Ended January 31 1908

American Steel Foundries and subsidiaries report half year operations with net income 566 008 87 after deducting manufacturing selling and administrative expenses and contingencies. Interest on bonds 116 150 sinking fund 2 500 and depreciation 111 500 are noted reducing reserves.

American Steel

Treasury report details reserve funds and redeeming notes

The March 19 treasury report notes reserve funds and trust funds for redemption of outstanding certificates. It lists totals in the general fund and indicates balances in national banks and the Philippine Treasury with reimbursements pending.

Gela Arenas SRSA Sumo Cuasan Generel Fond Philippine Treasury

Outside Securities Market Shows Lack of Interest

Market activity was quiet for outside securities with few notable moves. Nevada Consolidated and Cumberland-Ely attracted attention within a narrow range while Nipissing eased and American Tobacco fell five points.

Nevada Consolidated Cumberland-Ely Boston Consolidated Copper Cobalt Central American Tobacco Bay State Bonds Consolidated Steamship

Market dull amid mixed foreign stocks and dividend news

Foreign houses sold about 15 000 shares with little impact led by Udi Pacific Southern Pacific United States Steel and Reading while London stocks dipped early then steadied Consols rose modestly. Dividends were declared by Columbus and Hocking Coal and Iron Green Trust American Shipbuilding Metropolitan Bank Island Loan and Trust Mex and other firms with April payout dates. Protective committee formed for China Great Western Railway stockholders Myron T Herrick Horace Harding to supervise. Bond underwriting in London for Trunk Pacific Railway achieved strong uptake.

Udi Pacific Southern Pacific United States Steel and Reading London Columbus Hocking Coal Ion Compan Green Trust Company Metropolitan Bank Island Loan and Trust Company Mex China Great, Western Railway Myron T. Herrick Horace Harding

Also Mentioned on This Page

Pennsylvania Railroad Pennsylvania Edward B. Smith & CO Pine Street Chestnut Street State of New York Kountze Bros Chestnut St Pine St Nevada-Consolidated Cumberland- Ely Aed G. Johns Exchange Place Schmidt & Gallatin New York Stock Exchange United Fruit Company Southern Pacific Company M. S. Barger Treas NEW York Central and Tludson River Iom & Albert Fitchburg Frankin Granby Atlante St . Shanneor Utah United Fruit Ze Finghar Securities Cologne Munich Augsburg Hemburg Co Money and Exchange Allis-Chal Co A & LL É& Farr Lim Cotton Bly Mae Am Steel Fury Gal S Spé&Ss Sa Mo Kan & Tex Missouri Pac Liv Pistots Ile T&t Ai Newhouse Iowa Nwo Nort & We North Amecan Coast Line Balt & Ohio Balt & Onie Ratopilas Peo Gas & C Cent Ist Inc 2D Inc Wits Soo Beth Steel Cent of NJ Steel Spring Tone Notas Jme Os Ches & Ohio A. Rep Iron Brunswick West Rock Island Buff R & P Southern Pac Buff & Susscat Chic & Nwest Butterick Coe Southern BR Chic Union Ir Can Pacific Col & South Texas & Pac Third Avenue den & Rio G Jon Cote CIP &F Gt West Erie O Wu Ss Steel Penn North West Maryland L&c Manhattan West UN BR & P Montgomery PM & M Belmont Chi &N Londeley & Pitts Col Japan Ri&p RI Consol Bush Saan Tow A & St P Gta Union Pac Aa Poors Ao Dee & Hudson Wwist Iy IRS iDel Lack & Wn Denv & Rio Gr Detroit U Steel Evans & Tera Sony Erte Fed M & S Gen Siec Co Hock Valley Illinois Inger-Rand Co Inter-Metro Ing Asi Spencer Leasing Kan City & So Panama Canal Skkkc C Ft S&m Ve Keok & DM Ee —— Railroad New York City Lake Erie Highlaw Erer & Co Long Island Subway Louis Mackay Manhat Beach M & Be Midh Central Alaska Mines Minn & St L Paneo Boston Copper Boston Elysie de Pref Butte Coalitio Soar Eesrsge Ieaceel Bly Nat Cumberland-Elga Mae Davis- Daly Estate Dominion Copper O'S Douglas Central Newh Ely NY_ Air Brake Ly We York Florence New York Dock Giroux Goldfield Norfolk & Wes Bend Greene-Canane Pacific Greene God Ontario Peoria East McKinley -Darrye Montezuma Nevada North Butre Penn Worominge Red Hill AO Stewart Rep Iron & St Tonopah Relm Nt Tonopah Rome Wat & Oeliz de Trinity S$ L&s St L& West Sears-Reeb Texas & Fac Third Ave St Ll Twin City Union Pacific Tel van Katck S Express He & Wh United Railway Ind Nort Ry Chas Laos Trus Steel Ode Union Trust Eno Tacka Rs Facke Rust Vandalla Hope Mar Tate Marylen T Aprilio Wells Fargo West Marys Wisconsin Southern Rey Pebrusry Westinghouse Isiow Wheel & Les Pc American Securities Abroad St Paul Erie Tauis NY Central Ss Steel Steel Foundries Federal Treasury Consolidated Exchange Sales Car & Fay Ohio St Ches & Ohio Tid Et Chi Mil & S R Aw Col Fuel & Iron Dist Securities Ste On Tech Nash Kan Texas N Y Central Nor Pacific TNO Re Island Texa& Parti Pacific Os Upton Ss Steel Outside Securities Swartwout & Appenzellar Great Western Railway Marenty Trust Fom Nassau Street New Mare John W. Castles Sarna Hegs Julien T. Davies Lexander J. Hemphild New Forts Maryland A.rco Whee Honda United Action Fquitare Frust Company Try Tri Oa Company Henry Cooper New York Ctr Cretary Wall Street Journal Trunk Pacific Railway Company Steets United States Steel Corporation Esler Ala Davenport Edward J Smith Cer! Lyon Steak Exchange Cotton Exchange Solt Ton Exchange E. A. Tuttle Greates Railway Company New Stock Exchange Eastern Minnesota Northern Cobalt Toronto Stewart Kutta Nova Scotia S Cent R. Petersen American Bank Note Company Trinity Place Tras Bos
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