Wall Street Adrift as Speculative Hopes Fade in July Market
A New York market report shows a torpid demand and irregular price moves amid lingering disappointment over revival in stocks. Traders watch tariff talks and corporate tax amendments as Illinois Central hints at dividend tinkering. Bond activity remains irregular with total weekly sales near 1.63 million in par value.
MENTIONED IN THIS ARTICLE
Congress
Taft
Financial Chronicle
Jume
Illinois Central
United States
TICKER TALK John D Rockefeller and tariff conference report
Rockefeller foundation and tariff bill move through conference as weather dampens retail trade nationwide. Dun's Review notes trade revival against crop uncertainty. Coal producers say bituminous coal under cost. copper stocks rise. Pressed Steel and Western mills show gains while rail traffic and banks report mixed results.
Associated Banks Show Mixed NY Week Figures
New York banks report for the week ending July 10 a cash gain of 5.38 million, loan declines of 8.19 million, and a deposit drop of 4.37 million while reserves rise 6.83 million. State banks not reporting show loans up 3.72 million, cash up 1.25 million, and net deposits up 9.31 million with a planned government deposit call of 9.0 million after July 15.
MENTIONED IN THIS ARTICLE
New York
City of
Greater New York
New York Clearing House
Railroads Show June Earnings Rise 10.6 Percent
Special Dispatch to Commercial Tribune reports United States railroad earnings for June at 28,107,294 dollars, up 10.6 percent from last year but down 12.5 percent from June 1907. Most gains occur in the South and Southwest, with detailed May and March figures and breakdowns by region and road class.
MENTIONED IN THIS ARTICLE
Commercial Tribune
New York
United States
Dun
C.s.-S
C.cccoveeee
Granger
Central Western
Quiet European Bourse Trade Across Berlin and Paris
Berlin reports quiet trading with prices steady and small changes. London exchange at 20 marks 44 percent for pigs. Paris notes steady trading with rentea at 97 francs 57 centimes, London exchange at 25 francs 18 centimes for checks.
MENTIONED IN THIS ARTICLE
Berlin
London
Paris
France
New York Bond Sales Reported By Financial Firms
A brief item from New York notes bond market activity with insights from W B Hutton Co and First National Bank. The report highlights selling pressure and investor sentiment on government and corporate issues during the session.
MENTIONED IN THIS ARTICLE
W. B. Hutton & Co
First National Bank
W. E. Hutton & CO
First National Bank Building
Financial and Personal Notes from the Business Men's Club
Visitors at the Business Men's club include El L Ruddy Toronto E J t and W D Weeden New York J R Naéll Buchanan Va 8 Bolsa of Betavia Sy and W L Traxel Maysville Ky Robert Keene Caldwell joins Brown company sales department son of Judge John Caldwell Cornell graduate Gross earnings of the C N T P R R Co for the fourth week of June total 223533 up 27707 from last year Barry E Weil returns from an automobile trip to Canada via Buffalo then Michigan and Chicago Leather club to hold annual outing at Avoca park Aug 11 Procter & Gamble stock rises to 390 last Saturday up 15 from weeks ago few shares offered Receivers and Shippers association to meet Tuesday at the Business Men's club to discuss L N franchise action injunction against river front viaduct expected decision
MENTIONED IN THIS ARTICLE
Business Men's Club
EL L Ruddy
Toronto
W. D. Weeden
New York
J. R. Naéll
Buchanan
Procter & Gamble
River Front
Clearing House Banks Report Shows Reserve Drop
Weekly clearing house banks hold 82,002,900 more than 25 percent reserve requires, a decrease of 2,493,175 from last week. Loans rise to 1,348,930,600 while deposits reach 1,426,337,600 and circulation climbs to 49,096,900.
MENTIONED IN THIS ARTICLE
United States
Clearing House
Greater New York
Mining stock quotes from Boston. notable percentages listed
Boston market summary shows numerous mining stocks with varying percentages and bids including Amalgamated 80 percent, Calumet and Hecla 636a645, Greenland and Granby 9, Michigan 10 Mohawk 62 bid, United Copper 9, Tamarack 70, Nevada 23, Old Dominion 52, and Winona 5 among others in the session dated July 10.
MENTIONED IN THIS ARTICLE
Canveeeeeesese
Cobalt Central
Butte Coalition
Chicago Subway
Nipissing Eee
Greene Cananea
Cumberland-Blyd
Consolidated Arizona
Tri
Bunotl Ndivecasincés
Tate
Boston
Adventure
Atmanuc
Perceerers Wees
Galamet
Arizona Calumet and
Hecla
Centennial
Daly-West
Franklin
North Butte
Quincy
Trinity
Uni
Dtah Co
Fae
Tee
Wolverine
Nevada
Utah
BAY Bate
Davis-Daly
Cumberland-Ely
Philadelphia
Bree
Latah
Valley One
See Nee
Philadelphia Co
Transit
Bto
Battery
Union Traction
United Gas
Mass
Allouez
Amalgamated
Arizona Commercial
Atlantic
Calumet and
Arizona
Calumet
Copper Range
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion
Osceola
Parrot
Quinby
Shannon M
Tamarack
United
Copper
United States
Utahictoria
Winona
Financial News From New York and Mats July 10
Money on call remains quiet with rates 2 percent for sixty and ninety days and six months at a higher per cent. Prime mercantile pace at 2 percent. Sterling exchange weak with bankers bills shown in New York. Mexican dollars quoted at 4 cents. Bonds listed include Atchison 4s with prices around 104 to 116 and various notes from N. H. and others.
MENTIONED IN THIS ARTICLE
New. York
Sterling Exchange
Mats
tepAjuatabte
Atchison
Stock Market Strong in Spots Prompts Procter & Gamble Moves
The week saw Procter & Gamble leading a broad upswing as buyers chased price gains amid a market that stayed firm in spots. United States Printing and Columbia Gas and Electric rose modestly while Cincinnati Gas and Electric edged lower, with traction stocks mixed and money rates steady.
MENTIONED IN THIS ARTICLE
Procter & Gamble
United States
Columbia Gas and Electric
Cincinnati Gas and Electric
New York Exchange
Coal Market Shows Upturn Expected by September
The Black Diamond reports signs of improving demand in steam coal and rising prices across the industry. Railroads, manufacturers, and farms drive increased consumption, with May coke output up about 60 percent from 1908 and contracts at higher prices emerging as summer dullness wanes.
MENTIONED IN THIS ARTICLE
Black Diamond
Ohio
Indiana
Northwest
New England
Treasury report shows gold and silver holdings and liabilities
Treasury figures for July 10 detail trust funds with gold coin at 25,185,989 and silver dollars 485,250,000, silver certificates outstanding 485,250,000, general fund silver dollars 8,745,618, current liabilities 900,568,961, and working balances 19,696,614 in treasury offices and in banks to credit of.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Market dull with mixed gains amid weekly financial ties
London reports a week of dull trading with gilt edged securities slipping while dividend funds lifted Consolidated colonial issues and new bonds from Russia and Japan. Coal fears and a weak rail sector weighed, but diamond stocks held firmness amid expectations of better dividends. American securities opened uncertain and closed firmer as money remained abundant.
MENTIONED IN THIS ARTICLE
London
Scotland
Paris
The
Stock Exchange
Giltedge
Amal
Anaconda
Atchison Ie Secebals
Chicago Gr. West
Southern Pacific
Union Pacific
U. S. Steel
Grand Trunk
Tllinois Central
Commodity price snapshot from New York markets
On July 10 in New York securities and commodity listings show various miners and metals with figures such as Alice 1.9 Brunswick Con .0 offered Comstock Tunnel stock .4 bonds .17 and Ontario 3.%. Ophir 1% and Standard 1.50 appear among active quotations with Little Chief at .07 and Yellow Jacket at .80.
MENTIONED IN THIS ARTICLE
New York
Brunswick
Comstock
Con. Cal
Leadville
Little Chief
Ontario
Dividend terms under LEASH GUARANTED stock plan
Company sets dividends at 5 percent for eight years then 5 percent for three years and 6 percent thereafter. It notes twenty years of continuous dividend payments and believes the stock trades below its intrinsic value.
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Wall Street
Ses
Mercantile Library
George Eustis
Chicago & N. W
Cs Banese & Co
Anne Col
Bor Ae & Hudson
Goo Ceeesesee Socas
Thane
Great Northern
Interboro
Mendaeiees
Illinois’ Central
Marine
St. P
M. Weteresee
EK & T
Pacific Mail
Rock
Texas & Pacific
Union Ps Pacifis Wean
Western
Maryland
Wheeling & L
Industriale
Aes
Allis-Chalmers
Ose
Seeewee Feeee Et Am
Steet Eeee Eere Etree Anaconda Mining Co
Bethlehem Steel Oaneneee Aeeee Central Leather
Steeeeee Teens Oan
Col.el and Iron
Corn
Ral Electric Aeeneeee
Inter. Harveste
Inter
Teeereee Oomeeeee
Pump See Nee
National Biscuit
Ateesee i Peep Ee
Steel Car
Pullman Palace Car
Steel Springs
Etter Eeeee
Repub
Sloss Sheffield
I. Ae
Va. Car. Chemical
Westinghouse Electric
Western Union Sapeeer Cherres Sane
Ticker
John D. Rockefeller
Foundation of General Educa
Lewis
United Mine Workers
Chicago
Western Steel Mills
Western Railroads
Associated Banks Statement
Sted Securities
Roberts, Hail & Cris
CURB
Ahd
Osvertengers Tee Whangronears
Petal Salie Soppobespaardons
Bolsa
Betavia
W. L. Traxel
Maysville
Chamber of
Gemimerce
Robert ‘Keene Caldwell
Laeperianith
Brown ‘Company
Invest
Aaakers
John x i Caldwell
Cornell University
Barry E. Weil
Canada
Buffalo
Hos
Leather Club
Avoca Park
Clearing House Banks
Pittsburg
W. E. Hunter & O
Syeeee
Cable Consolidated
I Consolidated
Eose
Meer Brewing Ccom
Perer
Deeree
Montgomery Shoshone Con
Monongahela River
Union
Westinghouse Air Brake
Weery
Boston Mining
Cincinnati
Bond Department
Fifth-Third National Bank
Cincinna
Procter & Gamble and
United States Printing
Columbia Gas
Special Dispatch
ST. Louis
Kroger
First Call
Proctor & Gamble
St. & Sewer
Street Ry
Gas & Electric
Glasgow
Belfast
Ask
Col. & Xenia
T.palr
Cin
Ham
Pat C. D. Ce
St. Ry.Jaith
Ohio Traction
C.n.&c
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C. B
Col. Rge
T. Rys
Col. R.& la
Boloto Valley
Ss Nor
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By & Newnt
Brownell
Casey H
Nenay F. Prin
Stan
Heub, Tol
Lincen
Das Ce
Bob. Kroger
Mater
Columbia
Queen City
Cincinnati Bonds
Coneels
Gilbert
Benson Street Bridge
Big Miami Bridge
Covington
F. A
Nee, S
B. AS
Eahedie
Par, & Smith
Ham. Gas
Pa. Bridge
Col. Gas
Cin. Edison
U.lh.& Pisa
Railroa
Pidiija
Ps W
N.&d
Metehs
N. Trust
Aeolian
First No
Colum, Ba. & Paw. Co
Norw. First
Norw. N’l
Quae Weiles T. Ww
Treasury Report
Bt York Stock Exchange
W. D. Hutton
New York Stock Exchange
Cincinnati Stock Exchange
Chicago Board OF Trade
Mobile Electric Company
Rudolph Kleybolte Company
Fourth St
London Stock Market
NEW York Mining
Nets
George Eustis & CO
Seasongood & Mayer
Kuhn & Sons
Bankers
Ecline
B. H. Scheffels & Geblished
Bread St
Kew
Monroe St
Laurel, Miss
Weil, Roth & GO
Phoenix Grain Stock Exchange
Cincinnati, Hamil & Dayton Railway
Cincinnati, Hamiltonton Railway Company