Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1908-03-22
FINANCE AND
COMMERCE:


! New York March ct nitcd states
| steel was the mainstay of the stock
market today The large accumula
ton of that stock carried it to the
highest price of the year allowing for
| the - per cent dividend which came
off the price this week, The contents
Of the pamphlet report OF the COM
pany issued yesterday was responsible
| Tor this demonstration, especially those
! passages dealing with the conditions
| in the trade since the first of the year
| A notable impression was made by the
official assurance there given them
| rate OF expansion in the average daily
| orders coming in for March was a.
great as it had been successfully in
! January and February over the depth
of the December depression. The
Ianxiety of the earlier part Of the week
caused b yreports from Pttsburg that
| the revival Of the steel trade wa
hating was allayed by this nforma-
ton. Sustained revival in the stee.
trade is accepted as reliable baro-
meter Of the tendency Of the whole
! Industrial situation.
! Havoc the strong sentiment produc-
ed by this news industrial securities
shared most of the strength Of United
| states steel The strength of the
8ailroad list was most conspicuous in
a few stocks which arc favorite med
iums of speculative activity.
some Of the prominent railroad
railroad stocks were not fully respon-
! sive To the rise. The weekly reviews
Of the mercantile agencies gave con-
servative encoura cement to the hope
full spirit prevalent IN the stock mar
ket. The expectation Of messag
from the president dealing with econ
Cmic and labor conditions again can't
| into sight as a factor In the market
! The strength in United States Stee
was well maintained but the general
| list showed plainly the effects of pro-
! fit taking before the end of the ses-
! sion and closed easy.
The bank returns proved 10 be fuzzy
as strong as was expected but account
was taken Of the requirement for the
| retmn of an nStallmcnt OF govern
ment deposits on Monday which viii
carr for 81 moi over $2lO00,0OO
! from the banks of the country New
! York banks are likely to be called on
! TO meet more than their proportiouato
share of this call by drafts from the
intat,I,t, gorersuoudruts for paymcnts
| ..- ,i,.;,, ,,,
| - th' governments ~''''"5 N'''"
| tons;
Adams Express ... ... 60. ...l6OulG7
1 malrpuutcd Gopher -.... .....,... 80 "a
| American Car a Foundry ........... 8Ota
do preferred .......,. ......,,. sS@ 9Ola
| American Cation oil .......... . gG1s
| do preferred .................... S0m SO
| American Express ...... ..l76miS
| American Hide & Leather preferred ..1IU
| American Ice ...... ........ .... IgG.
I American. Iinseed oil .......... ...... ga
| do prpferred ... ......... .... ~
/ American Locomotive ...... .... ....... 80
| do preferred ......... .... ..... o.. 80
| American Smelling a. Rcdnng 90. 7Otk
| do preferred ....... ... ...,. o.. g3 ~
| American Sugar Refining ..,.. ..lgt
| American Tobacco preferred ccrtif. 80
| Anaconda Mining .................. 81
| Atcbison . ,..,......... 7%
do urefcrred f........., ....., o.. sac
| Atlantic coast Line ..... ....... 60
| Baltimore a Ohio . 81. ...t.... Slb4
! Baltimore 4 ohio preferred Sttsm 81
| RrUoISIyn Rapid Transit ....,. ...... iG7.
C,anpdlnn Pacific ......... ...... ltGla
Central Of New Jalscy ....,.....l7Oul7a
| Cbesapeake q ohio .. ............ so
chicago Great Western ..,.. &c.. 90. A.
iCbieago & Northwcsieru ..,. .....1lG
i chicago NH a 81 p3uI ...... ...... ilG
lchieago Terminal a. transit offered
chicago Terminal a Transit pfd . ga 90
10 q G. a 81 Louis ................. tSL
Colorado Fuel A Iron .. ....,..... 2y
colorado 4 Southern ........ ...... "A
do 1st preferred ...... ...... 81
Ic,,ns,ifdutpd Gas .....t 1917.
C oIis' P IS1tH ''S '''... " iIa,
do preferred ........ ..... 6g6O 6lla
Delaware A. Hudson 15iI.
Delaware .Lackawauna West 475m dS5
Denver 4 Rio Grande .-...,.,... o.. t9ls.
f.-a.i tstg q,