Erie notes plan spurs early stock gains in dull market
In New York trading April 1 the stock market rose briefly as word spread that the Erie Railroad would issue 15.9 million dollars of collateralized short term notes under restrictions. Traders expected existing Erie notes to be exchanged for the new issue, easing debt pressures though doubts remained on feasibility and timing.
MENTIONED IN THIS ARTICLE
Washington Post
New York
Erie Hallroad Company
We Stock Exchange
Public Service Commission
The
Erie
Unm
Eria
New York Money Market Rates and Rates Summary
New York money markets on April 1 show call money easy at 1 1/4 to 1 1/2 percent with a closing bid at 1 1/2 percent. Time loans steady for 60 days at 3 percent, 90 days at about 3 1/2 percent, and six months near 4 percent. Sterling exchange stable with bank rates around 4.86 for sight and 4.84 for fifty day bills. Commercial paper around 4 1/2 percent. government bonds steady. railroad bonds uneven.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Banker
Wille
Baltimore Markets Report April 1 with Mixed Wheat and Steady Butter
Baltimore markets report dull and unchanged flour with receipts of 3 708 exports 150. Wheat firmer spot contract values and various futures shown. Corn and oats mix trends with steady to up prices noted. Rye hay butter eggs cheese sugar all listed as unchanged or steady amid trade and receipts data.
MENTIONED IN THIS ARTICLE
Baltimore
Red Western
Southern
Mass
Glyaras
Market Notes and Erie Negotiations Amid Volatile Trading
The Erie deal moves toward public service commission approval for 15000 new notes to settle maturing 5 million accounts and retire floating debt. Traders signal mixed sentiment as dividend cuts, market leader Colorado Fuel, and upcoming April 10 weather and crop reports shape outlook amid cautious optimism and brokerage activity.
Washington Market Prices and Fresh Produce Rundown
Wholesale quotes from Washington market show firm butter demand heavy despite shorter receipts. Dressed poultry and meats steady with good demand. eggs, vegetables, and fruits list wide ranges from Virginia, West Virginia, North Carolina, and California sources.
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Fggs
Virginia
West Virginia
Southwest Virginia
North Carolina
Delry
Emand
Early York
Gills
Sons.t. Sweets
Granges
Florida
Coper
California
New York Cotton and Livestock Prices Across Markets
The report records mixed prices for cattle hogs sheep and lambs with ranges for cattle and hogs across categories. It also covers New York April tin and lead markets, London quotes, and a closing note on cotton futures and a local sale. The piece ends with a promotion urging readers to buy The Post’s upcoming educational contest editions and souvenir pictures.
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Post
the Post
The
Financial Market Quietly Holds Amid Mixed Bond, Stock Action
Trading showed limited demand with Washington Railway and Electric bonds advancing to 77 half and a 78 bid floor. Washington Gas and indebtedness notes traded near par while Capital Traction held firm near 118 Loonston and Metropolitan Bank fetched 235. Money market eased with first class collateral rates at 5 percent and commercial paper at 4 and 6 percent, brokers securing loans at 4 12 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
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Potomac Telephone
Washington Market Co. Bs
Public Utility
stoOcks
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Washington Railway and Electric
Washington Gag
Bell Telephone of Pennsylvania
Mergenthaler Linotype
Lanston
Washington
Railways and Electricas
Theer
Loinston
YORK PRODUCE AND GRAIN MARKETS REPORTS
Market notes list flour receipts at 90 766 barrels and exports 30 barrels, with firm rye flour, steady cuts of Western meats at 8.50 to 8.60 and pork around 14.00 to 16.00, and general steady tones for sugar molasses coffee and rice. Wheat receipts 32 000 bushels, exports 48 282, No 1 red 1.09 elevator, May around 1.01 and July about 0.96, with corn oats and rye also showing mixed but steady readings amid weather and supply cues.
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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
Chicago May wheat closed near day highs amid a late rally as shorts and commission houses pushed prices up. Corn traded tight with a late rally, oats followed wheat, and provisions fluctuated before finishing modestly higher amid profit taking and cooler weather expectations for the winter wheat belt. Local receipts showed wheat and flour at 196000 bushels with primary receipts at 429000, while corn and oats activity reflected light demand and favorable Southwest crop prospects.
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New York
Tredera
Chicago
Shorts
Commission
Alos
Pte
Minneapolis
Tulath
Locef Jongy
Mar
May
Astros AG
Public Debt Rises Despite Cash Reserves
The March 31 1908 public debt shows total debt at 1,322,020,527 with an nine month deficit of 35.6 million and a March deficit of 8.59 million. Receipts totaled 14.62 million while expenditures reached 69.2 million. Customs receipts fell to 21.14 million and internal revenue dropped to 19.04 million. Cash in Treasury stood at 412.4 million against 1.4189 billion in outstanding demand obligations. Mint coinage for March reached 20.75 million with gold at 19.67 million and silver at 0.84 million.
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Nego
Ison
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Union Pacific
Say
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United States Steel
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Wheeling and
Lake Erie
Wisconsin Central
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Internal Revenue
Atchison Dividends Cut Amid Market Caution
New York reports the Atchison, Topeka and Santa Fe Railway declares a semiannual dividend of 2 1 2 percent on common stock, down 1 2 of 1 percent from six months prior, with chairman Victor Morawetz citing dependence on the business situation. The text notes some business improvement and uncertainty about how long the 4 percent common stock rate will stay in effect. International Paper Company also declares a quarterly 1 percent dividend on preferred stock, a decrease from the prior quarter.
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Pennsylvania
Tinsk Tsland
United States Steel Corporation
Veseria
It Corporation
Hothemn
Die Tan
Iron Age
True Trade Review
Atchison
New York
Atchison, Topeka and Santa Fe Railway Company
Victor Morawetz
The
Otis
International Paper Company
Railroad Men Idle Across Major Lines
Chicago April 1 report shows seventeen leading railroads covering about a third of US mileage employ 13 percent fewer workers than June 1907. Idle workers total around 46 000 in October, with estimates suggesting about 345 000 idle nationwide.
MENTIONED IN THIS ARTICLE
Chicago
United States
No Contracts on Canal Highlighting Labor Relations
A letter from the Isthmian Canal Commission chair to a foreign government official states no formal contract is made with laborers when hired. It also notes that if a worker is an agitator causing discontent, the commission may end employment without promise of rehire.
MENTIONED IN THIS ARTICLE
Isthmian Canal Commission
New Sun Spots Observed at Marquette Observatory
Rev. Father McGeary, astronomy professor at Marquette University in Milwaukee reports three new sun spots seen today with a university telescope. Two spots measure about 8,000 miles across, large enough to drop the earth into if aligned with the sun.
MENTIONED IN THIS ARTICLE
Milwaukee
Father McGeary
Marquette University
Soothing sirup deaths shock St Paul babies
Twin babies, a boy and a girl, children of Mr and Mrs C M Ackerrecht, died today in St Paul from soothing sirup poisoning. Parents reported giving five drops. The coroner investigates. Vidaver pleads not guilty to two indictments in New York.
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St. Paul
C.M. Ackerrecht
Chancellor Day Upheld by New York Conference
The 109th session of the New York Methodist Episcopal conference dismissed charges against Chancellor Day of Syracuse University, ruling the complaint as an attack on free speech and press. Rev. George A. Cooke had accused Day of defaming President Roosevelt. the conference’s unanimous action hailed the dismissal amid applause.
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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 in Fire Leaps to Death in New York Fire
Lena Isabella, eighteen, daughter of Vincenzo Isabella of Lynn Massachusetts, died from fire injuries after leaping from a fourth story window in her uncle Frank Tsabella's East Forty sixth street apartment during a lamp explosion. Her sister Ethel was burned, and Vincenzo escaped with burning clothes but was not seriously hurt.
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Lena Isabella
Vincenzo Isabella
Lynn
Mass
East Forty-sixth Street
Vincenzo Tsabella
Lena
Ethel
Frank Tsabella
Vincenzo
Ile
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