Reading Stocks Lead in The Advance Movement
Reading led the market to high price levels in today’s continuation of the sudden advance. Traders cited sources of information on Reading’s property as fueling demand while net earnings expectations and a possible Hepburn law decision added optimism. Other coalers rose, copper shares advanced before some profit taking, and speculation focused on Wheeling & Lake Erie note settlement. Freight rate delays and wage talks at Delaware Lackawanna & Western drew muted reaction while June cost reductions by the Pennsylvania system impressed investors. Bonds stayed steady as total sales reached 1 816 000 dollars.
MENTIONED IN THIS ARTICLE
New York
American Railway Association
Delaware, Lackawanna & Western
Pennsylvania
United States
TICKER TALK AND MARKET TRENDS FOR THE WEEK
Blair & Co and Kuhn Loeb will meet Wheeling notes in cash. Reading shows 14 percent earnings on common stock for year ending June 30. A coal roads favored by Hepburn clause decision expected next week. Trade reports point to modest but steady improvement. London Stock Exchange closed until Tuesday. Financial Chronicle reports $5,890,000 weekly bank cash gain.
MENTIONED IN THIS ARTICLE
Wheeling
Blair & Co
Kuhn, Loeb & Co
Reading
The
Financial Chronicle
United States
Apti Cc.cee Sevceee
Chicago Northwestern
Granger Group
Atlantice Coast Line
Southern
Granger
Trunk Western
Central West
Southwestern
Pacific
U. S
What Brokers Say Market Outlook Mixed With Cautious Optimism
Heavy realizing sales eased the market but the close shows strength. Analysts expect a firm active market this week with higher prices likely in coming months. Caution urged on new commitments, as crop movement may harden money rates in August and trigger only temporary adverse effects.
MENTIONED IN THIS ARTICLE
H. M. Bearell
W. E. Hutton & Co
Market Rates and Bond Listings across New York and Boston
New York reports quiet money on call and firm time, with sixty days at 2 1 2 percent and ninety days at 2 percent. Sterling steady. bankers bills 486.80 to 486.85 for demand, 485.25 to 485.35 for sixty-day bills. Silver 52 c, Mexican dollars 45 percent. Government bonds steady. railroad bonds firm. Boston shows call loans 2 2 percent, time loans 3 to 4 percent. List includes Atchison bonds, various railroad issues, American and Dominion securities, and United States Steel at 45 percent with others in the market.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Boston
Atchison Adjustable
Atchison
Mexican Central
Boston& Albany
Boston & Maine
Boston Elevated
Fitchburg
Union Pacific
American Arge. Chemical
American Pneu
American Sugar
American Tel
Tel
American Woolen
Dominion Iron and Steel
Edison Electric Drum
Massachusetts Electric
Massachusetts Gas
United Fruit
United Shoe
United States Steel
Cincinnati Gas and Electric
Street Railway
Cincinnati & Suburban
Columbus Gas and Fuel
Cincinnati, Newport & Covington Light
Toledo Railways and Light
Clearing House banks show higher cash reserve over 25 percent rule
New York August 1 clearing house statement reports total reserves and deposits with a 29.38 percent actual reserve. Surplus over required stood at 59.08 million, with increases in loans deposits specie and reserves from the prior week. Nonmember banks in Greater New York held aggregate deposits of 1.005 billion and loans of 0.907 billion.
MENTIONED IN THIS ARTICLE
New York
United States
Clearing House
Greater New York
Receipts and Expenditures in July 1908 Deficit Reached 24.9 Million
The July 1908 government accounts show total receipts of 52.17 million and expenditures of 77.04 million, producing a deficit of 24.87 million. The Central Pacific Railroad debt payments reduced potential deficit. customs and internal revenue lagged year over year, while civil and miscellaneous exports rose. War payments exceeded last July by about 4 million, navy outlays matched 1907, and public works declined by over 1 million.
MENTIONED IN THIS ARTICLE
Washington
Central Pacific
Navy
Bank Note Circulation Figures Released for August
The monthly National bank notes circulation totals 692,088,991 at end of business yesterday, up 88,693,105 for the year and down 6,244,926 for the month. Bond secured circulation stands at 625,360,982, up 70,337,695 yearly and up 2,110,465 monthly. Lawful money backed circulation is 66,728,009, up 18,355,412 yearly and down 8,355,391 monthly. Bonds on deposit to secure circulation notes total 629,432,420 and 145,869,372 to secure public deposits.
MENTIONED IN THIS ARTICLE
Washington
National Bank
United States Bonds
New York Bond Sales Mixed Rates and Totals
A market brief lists multiple bond issues and coupon rates including Interboro 4s, Mex Gan 4s, Wabash ctfs, and Erie Pa. shares. Totals show varied issue sizes and price quotes with overall activity noted as total sales.
MENTIONED IN THIS ARTICLE
W. HB. Hutton & Co
First National Bank
Interboro
Atchison
Gan
Wabash Pitts
Sueara
X-Int
Cen
24 Inc
Besos Soe
Wigatexican
Col
Ibyia T. & T. Ov
Missouri Pacific
N.Y B
Hudson
N.Y
Erie Pa
Aioe
Atchison Adj
Green Bay
Interboro Son
Pac
Ove B. R
Rail and coal company changes and DOJ inquiry
W D Ord will become manager of Red Jacket Coal Company replacing Frank S Hill. Walnut Hills Coal Company in receivership and sold to C R Shanklin is now under Naugatuck Coal Company. Cincinnati Car Company reports surge in orders from Oneonta Mohawk Valley Traction Marion Bluffton Eastern West Pennsylvania Capitol Traction. DOJ ordered Special Agent Duncan to Cincinnati to investigate shipper complaints alleging decree violations in the trans Missouri case. findings to be reported to the Attorney General.
MENTIONED IN THIS ARTICLE
W. D. Ord
Empire Coal Company
Frank S. Hill
Red Jacket Coal Company
Walnut Hills Coal Company
C. R Shanklin
Naugatuck Coal Company
Cincinnati Car Company
Oneonta & Mohawk Valley Traction Company
New York State
Marion, Bluffton & Eastern Company
Indiana
West Pennsylvania Railway Company
Capitol Traction Company
Washington, D. C
Department of Justice
Duncan
Los Angeles
Cal
Cincinnati
Washington
Directors chosen at Columbia Bank annual meeting
Stockholders of the Columbia Bank and Savings Company elected F. W. Beckmann T. M. Frohmiller W. E. Gabel Louis Goldkamp Rud Hynicka M. Marcus Charles Nichels Frank Pfaff George H. Vonderahe George H. Voss John Staun and Richard D. Witt as directors. The board then organized naming Charles Nichols President Frank L. Pfaff and John Staun Vice Presidents George C. Fahnestock Cashier and A. H. Nagel Assistant Cashier.
MENTIONED IN THIS ARTICLE
Columbia Bank and Savings Company
F. W. Beckmann
T. M. Frohmiller
W. E. Gabel
Louis Goldkkamp
Rud Hynicka
M. Marcus
Charles Nichels
Frank Pfaff
George H. Vonderahe
George H. Voss
John Staun
Richard D. Witt
Charles Nichols
Frank L. Pfaff
George C. Fahnestock
A. H. Nagel
Wessling Brothers Foundry joins Kruse Hardware plan
The Kruse Hardware Company announces its parent firm will establish a Wessling Bros Foundry in Columbus within weeks. Organized yesterday as Wessling Bros Foundry Company with 60000 dollars capital by John Henry Wessling Albert G Wessling Charles H Stephens George W Kleinschmidt and Charles Kruse, president. The foundry will be located in the West End.
MENTIONED IN THIS ARTICLE
Kruse
Columbus
Wessling Bros. Foundry Company
John Henry Wessling
Albert G. Wessling
Charles H. Stephens
George W. Kleinschmidt
Charles Kruse
Kruse Hardware Company
West End
Commercial Tribune
The
Stack Company
Cleveland
George S. Ward
William M. Robertson
Frank E. Rothlisberger
Charles Nightingale
John ‘P. Kestner
Arthur L. Vaightlander
John A. Deasy
Dixie Oil and Gas Company
Mt. Vernon
Shawnee Oil and Gas Company
Shawnee
Apollo Athletic Club of
Cincinnati
Mercer S. Gottlieb
Philip Dumont
Michael Frisch
Solomon Uhlsfelder
Wickens Company
Lorain
Euclid Paint Company
Edwin B. Smith
Iffin Edison Electric Company
Tiffin
Columbus Light, Heat and Power Company
Columbus Railway and Light Company
Columbus Public Service
New York Banking Report Shows Cash Decline in Week
The official statement from the New York Associated Banks for last week shows a cash decrease despite a small gain in preliminary estimates. The loss stems largely from Sub Treasury operations and a $5 million Central Pacific subsidy debt payment plus $3 million to Canada. Loans rose while deposits fell. reserves edged up on the week but overall deposits minus public funds fell.
MENTIONED IN THIS ARTICLE
New York
New York Associated Banks
Sub- Treasury
Central Pacific
Canada
London Stock Exchange Week Recap: Consols Lead Gains
The London Stock Exchange saw a restrained week due to settlement and holidays but steadier trading emerged led by consols closing around 86 56 after touching 86% to 87%. Improved dividends and weather boosted home rail shares while international securities weakened on continental selling. Copper shares rose on hopeful metal prospects and Wheeling and Lake Erie note arrangements lent final tone.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Consols
Canadian Pacific
Arery
Wool auction sales close with mixed demand and price gains
London reports a mixed finish to the wool auctions with early gains of 5 to 10 percent over the May sale but fading demand. Final rates held firm near May levels except medium good merinos and crogsbreds for America up 5 to 7 and 10 percent respectively. Cotton of Cape Good Hope and Natal up to 5 percent. Totals show home buyers 102000 bales, continent 76000, American 10000, with 88000 carried over. Prices listed by region. ST. LOUIS reports softer wool with ranges for several grades.
MENTIONED IN THIS ARTICLE
London
America
Cape of Good Hope
Natal
Continent
New South Wales
Queensland
Victoria
Tasmania
New Zealand
Punta Arenas
ST. Louis
Aug
London Cloth Market Shows No New Features
The London cloth market remained steady with no new features as inquiries from India and China stay low, signaling manufacturers to test concessions. South American and Mediterranean buyers continue absorbing standard cloths for immediate shipment while yarn stocks rise. Quotations remain irregular.
MENTIONED IN THIS ARTICLE
Manchester
India
China
Mediterranean
Coffee market opens steady with scattered buying in New York
Coffee futures rise marginally amid French market reaction. Primary markets ease with full interior receipts and light demand but market held by covering. Sales reported at 5750 bags including August at 5.65 to 5.70 cents, September 5.65, December 5.50 to 5.55, May 5.65 cents with spot Rio No 7 at 6 cents and Santos No 48 at 9 1/4 cents.
MENTIONED IN THIS ARTICLE
New York
Rio
Santos
Cordova
Boston Mining Prices and Tenders Report
Boston market rundown lists shares with varied changes for many mining firms including Calumet and Hecla 695 bid and Mohawk 70. Other notable quotes include Granby 106 and Osceola 115 while United Copper 6 and United States Mining 42 show small advances.
MENTIONED IN THIS ARTICLE
Boston
Adventure
Allouez
Amalgamated
Atlantic
Bingham
Calumet
Hecla
Centennial
Copper Range
Daly-West
Franklin
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Old Dominion
Osceola
Parrot
Ulney
Shannon
Tamarack
Trinity
United Copper
United States
Logal Market Close Strength on Week End
Cincinnati and St Louis clearings rise while money rates hold. Colonized by strong week for gas and electric stocks and municipal bonds, with notable gains by Cincinnati Gas and Electric and Cincinnati Suburban Telephone amid steady money market.
Securities and Traction Stocks In Listed Market
A fragment lists various securities and bonds with prices and ex-dividend notes. Items include Niles B P, American industries, Ohio bonds, rail stocks, traction issues, and related preferreds or common shares, with fluctuating quotations and percent yields in a dense ledger style.
Railroads Held to Freight Rates
The Interstate Commerce Commission refused requests by Southeastern railroads to modify or rescind proposed freight rate increases that were to take effect today. The action follows a creamery cases precedent and relates to a Judge Spear ruling affecting part of the rates and territory. no decision copy had reached the commission yet.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Southeastern
Judge Spear
Mt. Airy
Judge Grants Interlocutory Decree in Rail Freight Case
Judge Speer extends the restraining order in the railroad freight rate suit and keeps it in full force. He directs complainants and other intervention rights holders to file with the Interstate Commerce Commission within ten days to seek Commission initiative, rate fixes, and aid as the law and rights require.
MENTIONED IN THIS ARTICLE
Commercial Tribune
MT. Airy
Speer
Interstate Commerce Commission
Graves County Tobacco Crop Pooled By Dark Tobacco Assn
Graves County tobacco farmers pooled 98 percent of their crop in the Dark Tobacco Association when books closed for the season. About 15,000 acres were planted this year in Mayfield Kentucky as growers reported the season’s end.
MENTIONED IN THIS ARTICLE
Graves County
Mayfield
Dark Tobacco Association
Global Markets Mixed As Stocks Open Higher Then Dip
The report notes August 1 trading from London Berlin and Paris. London stock exchange closed for the day. Berlin bourse opened higher but slid to closing. Paris bourse firm with private discount at 15-16 1. Three percent rente at 96f 32 and exchange on London at 25-13 for checks.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Berlin
Exchange On
Paris
Internal Revenue Receipts for Year Ended July 31 1908
Preliminary report shows total receipts from all internal revenue sources reached 251,665,950 dollars for the year ending July 31 1908, down 17,998,072 from the prior year. Expenses for collection expected at about 4,833,400 dollars.
MENTIONED IN THIS ARTICLE
Washington
Commissioner of Internal Revenue
Internal Revenue
Metals Market Report Shows Quiet Trading Across Regions
In St Louis on August 1 lead at 4.45 and spelter at 4.65 were noted. New York reports no market changes with limited cable activity. Spottin quoted at 30.5 to 31, copper steady, lake and electrolytin near 13.25, tasting 2.0 to 3.0. Lead ore firm around 7, and Tron Seigentie unchanged.
MENTIONED IN THIS ARTICLE
ST. Louis
New York
Spottin
Cooper
Lake
Tron
Cotton seed oil prices brief from New York
New York August 1 cotton seed oil market reports Prime price at 42 cents per pound with no further details available.
MENTIONED IN THIS ARTICLE
New York
Prime
Seed Prices in Toledo Market Report
Seeds market notes from Toledo dated Aug 1 list Clover seed prices for October at 8.50 dollars, December at 8.40, and March at 8.60. Alsike seed is offered cash and August at 9.50 and October at 9.30 dollars.
MENTIONED IN THIS ARTICLE
Toledo
Receipts and Shipments For Cattle Hogs Sheep Week Review
The report shows weekly receipts and shipments across regions for cattle hogs and sheep with price trends. It notes lighter cattle receipts on Monday 1 2466 and overall weekly increases followed by mixed market movements and price adjustments across cattle hogs and lambs.
Oil market notes from Toledo Wilmington and Savannah
Toledo reports North Lima oil at 1.04 with large shipments and balances. Wilmington shows turpentine and crude turpentine prices and receipts. Charleston lists nitine and related sales. Savannah records turpentine firm at 80 percent with rosin sales and stock levels across grades.
MENTIONED IN THIS ARTICLE
Toledo
Lima
Hgata
City
Wilmington
Saae Dan Addy
Charleston
Savannah
Aux
Dry Goods Market Quiet in New York Trade
The New York dry goods market closed very quiet with little new business for primary or secondary distributors. Auction dress goods sale expected to draw buyers for other merchandise, initial fall orders from jobbers rising, and Calcutta brown bale prices up six pence per hundred yards. White goods for spring remain quiet.
MENTIONED IN THIS ARTICLE
New York
Calcutta
Also Mentioned on This Page
George’ Eustis & Co
Mercantile Library Ng
Ball
Thee Reese
Aim Sai
Aanee C
n_ Pacific
Chicago
Colorado Southern
Delaware & Hudson
Erie
St. Paul
Texas Pacific
Union Pipacific
Wisconsin
Car & Foundry
A Saue
Consolidated Gas Securities
General Electric Distillers
Western Union
Abe
Ticker
London Stock Exchange
Roberts, Hall & Criss
Page & Hill
American Tobacco Om
British Columbia
Butte’ Coalition
Colonial
Dominion Copper
Utah
Davis-Daly
Cumberland
Associated Banks Statement
WOOL
London Cloth
Boston Mining
Logal
New York Exchange
Cin. & Sub. Telephone
Cin. Gas and Electric
Omaha & Council Bluffs
Cincinnati School
Panama
Philippine
Glasgow
Ask
Surhe Weis
Oso
Npc
Ask. Cin
T.P. Col. & Xenia
Little Milami
St. Hei
Ohio Traction
O'’ha
C. B
Colum
Col. R
T. Rywo& L
Det
Scioto Valley
Int
Nor
Fey
R. Mill
Globe Soap
Jergens
Globe-Wer
Bar. & Smith
Ham. Ma
Polat
Hin
Sy F
Hous
Stan
Brownell
Ued
Casey-H
Kroger
Nat. A. F. Ae Om Cin
Ph. Carey Pr
S.tel
Ph&fm
Proc. & Gam
Columbia Gas
Rob’n Realty
Cuyahoga
Ham
G.& BE
W. Powell
Foulds M. M
Wurlitzer Fleisch'n
Soumness
Atlas
Cent. Trust
J. J
F. M N
Southern Ry
F. A
Gilbert W
Hunt St. W
Hamilton County
Elizabethtown
TOR Ag
Longview
Armory
Eabeonet Reese Ee
Benson Street Bridge
Big Miami Bridge
Covington
F. Kepee le Dus
Aeee
Ty J
Snaee
Esesedeel
Oohesell
Water Works Kek
Bar, & Smith
Cin. Edison
Fay &Egan
Col. Crosst
N. Dayton
Railro
Trust
First N’i
Ger. N’l.Npt
Vee Bank Nor
Unity Law
N. C
Esas
Ohio
Securities
Pope Wagis
Industria Amer
Oak L
Amer
Ee Bulloek
PR & E
Niles B.-P
Do Pr.a.&b
Lesdtang Ptw
South
Internal Revenue Receipts
Metals
Peoria
Safe Investments
W. Va
Bonds
Seasongood & Mayer
Mercantile Library
Amenanon
Incinnati
S. Kuhn & Sons, Bankers
East Third ST
East Buffalo
Pittsburg
Tle
Hales
Western
Kansas City
Texas
Sreling
Stansore
United States Steel Corporation
Bultman & Company
Investment Securities
East Fourth Street
the Phoenix. Grain and
Weil, Roth & CO
Americas
Springs
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