Erie notes approval boosts Erie stock market outlook
The Washington Post reports New York trading on April 1 showing gains in Erie Railroad shares after the Public Service Commission approved a collateralized short term note issue of 15.9 million dollars. Traders anticipated exchange of old notes for new, easing debt pressures, but uncertainty about the plan’s effectiveness lingered. Wall Street ended the day with prices near or below the day’s highs, while rail earnings and broader steel market results showed mixed signals amid miner strikes and coal supply concerns.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Erie Hallroad Company
We Stock Exchange
Public Service Commission
The
Erie
Unm
Eria
Pennsylvania
Tinsk Tsland
United States Steel Corporation
Veseria
It Corporation
Hothemn
Die Tan
Iron Age
True Trade Review
Atchison
New York Money Market Report April 1
New York money market shows call rates at 11 4402 percent and ruling rate near 1 1/2 percent. Time loans steady with sixty days at 3 percent and ninety days around 3 1/4 percent. Sterling exchange firm with bid figures around 4.86 and 4.84 for fifty day bills. Government bonds steady and railroad bonds irregular.
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New York
Prime Mercantile
Sterling Exchange
Banker
Wille
Baltimore Markets Report from April First
Baltimore March 1 markets show dull wheat and uneventful flour with steady butter and eggs. Corn and oats sit mixed with small daily receipts. sugar and cheese hold firm while grain freights drift downward and fertilizer notes appear sparse.
Erie seeks 15000 new notes to refinance debt
The Erie company petitions the public service commission for authority to issue 15000 in new notes and retire floating debt on its property while planning repayment at maturity of a 5 million account. Market reaction shows mixed signals with dividend cuts and doubts about long term earnings.
Washington Market Prices Showcase Broad Fresh Produce Range
Wholesale prices reported for Virginia and nearby regions show steady butter demand and ample poultry with strong dressed meat prices. Vegetables list includes potatoes, cabbage, peppers, beans, spinach, and lettuce with varied per unit costs. fruits feature apples, grapes, and cranberries with boxed variations.
New York Cotton and Commodities Market Report
New York prices show cotton advances with a late rally and steady close after a sharp start, aided by higher cables and stronger demand in the interior. Weak English tin and precious metals expanded the day’s mixed action as local markets held dull or modest gains across several items.
MENTIONED IN THIS ARTICLE
New York
Tredera
Financial market report shows bond firmness and stock moves
Washington Railway and Electric bonds led gains with prices rising to 26 for limited trading and 77 1/2 on offers while Washington Gas and certificates of indebtedness traded near 99 and 103. Capital Tractions held steady as Mergenthaler slipped to 195 and Metropolitan Bank traded around 235. Second National rose to 14 with offers firm at 15. Local money market eased with 5 percent on first class collateral and mercantile paper at 4 1/2 to 6 percent. some brokers secured loans at 4 1/2 percent.
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Capital Traction
Washington Railway and Electric Preferred
Ar Ft
Mergenthaler
Lanston National AD
Metropolitan Bank
Washington Gas
Uay's Stock Exchange
Asxaz
Washington Gas No
Washington Gas UN
Cert
Ind
Anacostia and Palomas Ag. A
City and Suburban
Columbia Railroad
Mort
Bonde Potomac Electric Light
Norfolk and Washington Steamboat
Evapcake and
Potomac Telephone
Washington Market Co. Bs
Public Utility
stoOcks
Capital Washington Railway and Electric Com
Washington Railway and Electric
Washington Gag
Bell Telephone of Pennsylvania
Mergenthaler Linotype
Lanston
Altigen St
Washington ‘Railway
Washington
Railways and Electricas
Theer
Loinston
Phage
Hernard Ore
Charles Cremer
Samuel EL. H.R. Howenstein
Hyattsville Building Association
Heiseell & McLeran
YORK PRODUCE PRICES AND GRAIN SUMMARY
Market notes for YORK PRODUCE et al show flour receipts at 90 766 barrels with exports 30 barrels. rye flour dull. meats steady with Western prices 8 50 to 8 60. pork 14.00 to 17.00. rice firm. molasses steady. sugar raw fair refining. coffee steady. cocoa steady. rice and potatoes steady. wheat receipts 32 000 bushels exports 48 282. May 1.00 1 01. oats mixed. rye dull. corn exports 3 570 pockets. oats 41 009 bushels.
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Western
Rio
Santos
Cordova
New York
Duluth
Geeves
Liverpool
London
Chicago
Choica
Ugat
Chicago Grain Market Sees Mixed Day with Wheat Rally Ends Higher
Chicago April 7 reports a volatile session as a cold wave spurred late buying. May wheat rose to highs while corn and oats followed a weaker early tone. Provisions slipped then recovered, with near-term receipts and price swings reflecting a nervous market and tight supply concerns.
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Chicago
Shorts
Commission
Alos
Pte
Minneapolis
Tulath
Locef Jongy
Mar
May
Astros AG
Public Debt Rises as Receipts Fall in March 1908
Monthly debt report shows total debt at 1,322,020,527 with cash on hand 412,403,196 and a March deficit of 8,594,364. Customs and internal revenue receipts dropped from March 1907 levels, while civil, military, and pension expenditures rose sharply. Mint coinage for March 1908 totaled 20,745,213 with gold dominating the output.
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New York
Nego
Ison
Atlantic Coast Lines
Hallimore Air Ohio
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Georgia
Te Mentral of
Ist Inc
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Haea
Ib.bgr
Chicago
Chicago, Burtington and Quine New
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R and
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Ie Te Fs
St Ot
Louis General
Colorado Industrial
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Liter Securities
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Brie General
Hocking Valley
Interborough-Metropailian
Japan
Louleville
Nashville
Manhattan
Consol
Minneapolis
St. Louis
Missouri
Kansas
Texas
Northern Pacific
Norfolk and Western
Internal Revenue
Atchison Dividend Cut and Company Dividend Declared
The Atchison Topeka and Santa Fe Railway trims its semiannual common stock dividend to 21 2 percent from 23 2 percent. Chairman Victor Morawetz cites uncertain conditions and possible changes ahead. International Paper declares a quarterly 1 percent dividend on preferred stock, down from the prior quarter.
MENTIONED IN THIS ARTICLE
New York
Atchison, Topeka and Santa Fe Railway Company
Victor Morawetz
The
Atchison
Otis
International Paper Company
Railroad Men Idle Amid Industrial Slowdown
Chicago reports that seventeen major railroads covering about one third of U S mileage show a 13 percent drop in total employees since June 1907. About 46 000 fewer men were employed in October, leaving an estimated 345 000 idle workers across the system.
MENTIONED IN THIS ARTICLE
Chicago
United States
No Contracts On Canal Highlight Labor Relations Policy
A letter from Isthmian Canal Commission chair to a foreign government official states no formal contract is made with laborers when hired. It also notes if a worker is an agitator causing discontent, the commission may terminate employment without promise of continued work.
MENTIONED IN THIS ARTICLE
Isthmian Canal Commission
New Sun Spots Reported At Marquette University
Rev Father McGeary of Marquette University reports three new sun spots seen in Milwaukee through a university telescope. Two spots measure about 8,000 miles across, large enough to drop the earth into.
MENTIONED IN THIS ARTICLE
Milwaukee
Father McGeary
Marquette University
Soothing Sirup Poisoning Kills Twin Babies in St Paul
Twin babies, a boy and a girl, children of Mr. and Mrs. C.M. Ackerrecht, died after given five drops of soothing sirup. The coroner investigates. In New York, Nathan Vidaver, once a deputy, pleads not guilty to two indictments.
MENTIONED IN THIS ARTICLE
St. Paul
C.M. Ackerrecht
Chancellor Day Upheld by New York Conference
The New York Methodist Episcopal conference opens its 109th session with charges against Chancellor Day of Syracuse University dismissed as a free speech issue. Bishop Moore rules the accusations out of court amid applause, and similar defamation charges against other church figures are also dismissed.
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New York
Chancellor Day
Syracse University
George A. Cooke
Brandon
David H. Moore
Roosevelt
Day
Moore
States Senate
Borden P. Bowne
Boston University
James M. Brekley
Christian Advocate
Mr. Cooke
Vroy
Girl Dies After Fire Jump From Ny Fourth Story Window
Lena Isabella eighteen daughter of Vincenzo Isabella from Lynn Massachusetts dies from burns and a fall after a lamp explosion set fire to her clothing. Lena leaps from a fourth story window as sister Ethel tries to help. Father Vincenzo barely escapes with burns as flames are extinguished.
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New York
Lena Isabella
Vincenzo Isabella
Lynn
Mass
East Forty-sixth Street
Vincenzo Tsabella
Lena
Ethel
Frank Tsabella
Vincenzo
Ile
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