Market Turbulence Amid Speculation in Railroad Stocks
A volatile trading week shows Vanderbilt group moves and speculation on railroad property restructurings. Wabash shines then falls on proposed route shifts while New York and Canadian Pacific diversions loom. Gold prices drop as Subtreasury draws funds and Bank of England weakness stirs cautious mood.
MENTIONED IN THIS ARTICLE
Vanderbilt Group
E. H. Harri
Akeitea
Ein
Canadian Pacific
Pittsburg
Chi-Cabo
Atea
Inte
New York
Tast
January dividends to exceed two hundred ten million
New York December 24 Dividends in the large disbursements on stocks and bonds of banks trust companies railroads Pipert and other corporations in New York City for January will exceed 210 million dollars an increase of about 15 million over January 1908 due largely to the extraordinary securities signed during the year
MENTIONED IN THIS ARTICLE
New York
Pipert
New 7 City
Another St. Louis Bank to Open With Large Capital
A new Mercantile National Bank will open in St Louis with capital of 1 560 000 and surplus 500 000. The bank is the third announced this month and is led by President J W Mips. The institution plans to operate in the existing financial center.
MENTIONED IN THIS ARTICLE
Louis
Sims
Fiteat
Mercantile National Bank
J. W. Mips
President Capital
Securities List Announced for Potential Deposits
Washington informs that no new public fund deposits are planned but outlines eligible securities. United States, Philippine, Porto Rico and District of Columbia bonds would be accepted at par, Hawaii bonds at 90 percent, and other high grade bonds at 90 percent for future deposits. Initial deposits would require United States bonds.
MENTIONED IN THIS ARTICLE
Washington
Cortelyou
United States
Philippine
Porto Rico
District of Columbia
Hawaii Territory
New York
Massachusetts
Connecticut
New Jersey
Bank of England Weekly Reserve Report and Paris Credit Movements
The Bank of England reports a reserve decrease of £2,964,000 with circulation up £889,000 and bullion down £2,074,833 alongside a reserve-liability ratio of 38.30 percent. Bullion of £329,000 was shipped to South America. In Paris, the Bank of France shows notes in circulation rising by 24,875,000f and treasury deposits up 16,260,000f with gold holdings increasing 38,750,000f and silver down 2,075,000f. Dills discounted rise 26,325,000f while advances fall 1,125,000f.
MENTIONED IN THIS ARTICLE
London
Bank of England
Paris
Bank of France
Treasury
Louisville Tobacco Market Report Special Dispatch
Louisville market offerings include 432 hogsheads of burley and 112 of dark tobacco totaling 544. Original inspections reached 459 with 85 reviews and 200 rejections yesterday. Burley prices ranged from 10.50 to 22 dollars and dark tobacco from 4.95 to 11.75 dollars.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Louisville
Burley
Coffee futures steady with mixed trading reported
The New York market shows futures steady with small moves up to five points and heavy switching. Trading includes 83,000 bags with bids around 5.20 to 5.35 cents for various months and Rio and Santos spot activity noted.
MENTIONED IN THIS ARTICLE
New York
Rio Ne
Santos
Cmildault
Cordova
Aise
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Market report shows mixed cotton futures and steady closes
The market closed steady with futures gains of 2 to 7 points and daily activity around 125,000 bales in New York. Receipts reached 12,280 bales locally while Liverpool and other markets posted higher middling to good middling quotes. December through July contracts showed modest moves and expectant shorts.
MENTIONED IN THIS ARTICLE
Cotton Exchange
Rede
Oss
Kerda
Jordinary Vic
Liverpool
Araiacey &&Id
New York
Putatehin
Sareaned
Ie Fo
Velat
Shorts
New Orleans
Cot
Ae Ae
Gulf
Money Rates and Bonds From New York and Boston Markets
New York money on call steady at 8 percent with time loans 3 percent for sixty and ninety days and 3.5 to 4 percent for six months. Prime mercantile paper around 40 4 percent. Sterling exchange steady with bankers' bills at 485.06 to 485.15 for sixty-day and 487 for demand. Bar silver at 45 1/2 cents. Government and railroad bonds listed as irregular. Boston notes show call loans 8 to 4 percent and diverse bond quotes including Ache, Kine 4, Gordon & Maine 181 4 percent, Am Sugar 125, Edison 240, United Fruit 130 ex-dividend, United Shoe 60 ex-dividend, U S Steel 58 1/2, and United Shoe pref 29.
MENTIONED IN THIS ARTICLE
York
Des
Prime Mercantile
Sterling Exchange
Boston
Mass
Ache
Kine
Sone Oe Son
Gorton & Maine
Union Pacific
Intelliheous Am
Arge
Chemical
American Sugar
American Wooten
Dominion Iron A
Edison Electric Illuminating
Chusetts Electric
United Fruit
United Shoe
United States Steel
Cin
N. Mbee
Sax
Kroger
Kroger 2d
Foulds Mill
Omaha & C. B
Panama
London
Glasgow
Op Beltagt
Paris
Reichion Ae
Ak Beenerseeeree
Optaos Eens
Aske
Sgt Jubeeee
Dss
Wte
Sarge Oe
Eee
Ro ‘Stocky Exchange
Boston Wool Market Report From The Commercial Bulletin
Boston Commercial Bulletin reports a larger wool volume for the year with estimates from 8 000 to 10 000 000 lbs The market remains firm but buyers fail to push material advances Shipments from Boston to Dec 23 total 194 658 165 lbs versus 232 681 373 lbs a year ago Through Dec 28 shipments reach 260 599 997 lbs compared with 280 258 287 lbs last year Prices for washed grades range from 22 to 28 cents per pound with light to heavy qualities noted.
MENTIONED IN THIS ARTICLE
Boston
Mass
Commercial Bulletin of
Uunt
Oceanic Turpentine and Rosin Markets Reported in Georgia
Savannah and Wilmington market notes show turpentine receipts and shipments with firm rosin sales and varied bid prices. The bulletin lists multiple grades with prices in dollars and barrels, reflecting trading activity across the two ports.
MENTIONED IN THIS ARTICLE
Savannah
Wilmington
Lima
Booth Liber
London tin market steadies as New York futures shift
A partial readable note shows the London tin market as dull with changes in pricing. Futures in New York suggested slight moves while a casting and trading activity remained limited.
MENTIONED IN THIS ARTICLE
New York
London
Ana Mats
Fae
Lesdon
Local Stock Exchange Quiet Amid Christmas Cheer
The day’s stock exchange business wore a light touch with traders pausing for holiday mood as Santa Claus moved among members. Traction shares saw modest activity, Kroger pref and other issues fluctuated little, bonds remained quiet, and money rates held at 4 percent for time loans and 6 percent for calls.
MENTIONED IN THIS ARTICLE
Exchange
William T. Irwin
Traction
Cincinnati
Covington & Newport Light
Kroger
New York
Iron Trade Edges Toward Normal Amid Tariff Debate
The December report shows import trade down about seven million dollars year over year while overall activity rises to the highest since October. Coke output improves but may dip in two weeks due to holidays. Prices stay stiff and demand remains fair as buyers, especially pipe and basic steel makers, purchase in advance of year end. The iron trade seeks quick tariff action to restore a firm, known basis.
MENTIONED IN THIS ARTICLE
Cincinnati
Matthew Addy
Markets in Cincinnati December 24 1908
Cincinnati markets report mixed grain and produce values with firm corn rye and hay demand. No. 2 red and mixed markets steady while whisky and flour show firm pricing. receipts and shipments include substantial barley oats and hay movements and varied grain inspections.
MENTIONED IN THIS ARTICLE
Cini
Minneapolis
Northern
Miloubanen
Fruits and Vegetables Price List Items Varied
A historical price list shows apples per barrel at 404.50, bananas 1.75 per bunch, beets and carrots 2 per barrel, celery 0.70 per bunch, cucumbers 1.75 per dozen, cabbage 2.50 per barrel, cranberries 14.50 per box, lemons from California 3.83 per box, oranges from Florida 2.50 per box, onions white 1 per bit, potatoes 2.75 to 3 per barrel, pumpkins 1 per barrel, pears 4 per barrel, string beans Florida 2.0 to 3 per hamper, squash 1.25 to 1.50 per barrel. A variety of cheeses and pork prices appear with mixed listings and nonspecific notes.
MENTIONED IN THIS ARTICLE
Arizona
Florida
Northern Pacific Valuation Sparks Tax Case Debate
In Minnesota, Dwight C. Morgan estimates Northern Pacific Railway property at 39 million dollars less than company figures. The total Minnesota property cost is given as 62 million 446 thousand 318 dollars with a current value of 54 million 474 thousand 794 dollars. Company reconstruction costs are listed at 101 thousand dollars.
MENTIONED IN THIS ARTICLE
ST. Paul
Minn
Dwight C. Morgan
Minnesota
Northern Pacific Railway Company
J. Morgan
Mr. Morgan
Northern Pacific
Charles B. Otis
Dry goods market holds steady as wholesalers plan 1910 orders
Holiday quiet on New York dry goods market with most large houses closed until after the holiday. Cotton goods remain steady while confidence for the future grows. Semi-fancy overcoatings for fall 1910 are being ordered well and worsteds are ordered fairly. Yarns are quiet and prices weak.
MENTIONED IN THIS ARTICLE
New York
New York Imports and Exports Week Ending Report
Dec imports and exports show New York port activity with specie totals for the week ending December 19. Silver and gold values are reported at 089 and 171,828 respectively, with overall specie at 473,957.
MENTIONED IN THIS ARTICLE
Mereka
New
Vail
Eat
Jane York
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