Market Sags Yet Close Narrow as Traders Hold Back
New York trading today shows another day of dull, narrow stock movements. Union Pacific supports the market with steady activity, while bonds trade near par and discounts ease in London. Gold outgo looms, and forecasts point to continued ample money as weather aids the winter wheat harvest.
MENTIONED IN THIS ARTICLE
Union Pacific
London
Pittsburg
Cincinnati
Chicago
St. Louis
Baltimore & Ohio
Rock Island
New York Financiers React to Big Weekly Banking Figures
The Associated Banks report for the week ending June 20 shows a massive rise in loans deposits and cash. The National Copper Bank joining the Clearing House accounts for most gains while excluding it yields a balanced increase in loans cash and net deposits. Surplus reserves stand at about $58.7 million on all deposits and $63.5 million excluding Government deposits. State banks in Greater New York not reporting show nearly $4 million more in loans and $4.75 million more in net deposits with holdings down about $1 million.
MENTIONED IN THIS ARTICLE
Clearing House
Trust Company
United States
W York
Associated Banks of
New York City
New York Clearing House
National Copper Bank
New York
Greater New York
London Stock Exchange Faces Hesitant Week
The London Stock Exchange saw a cautious, unsettled week as fears over Emperor William’s bellicose speech, railroad setbacks in America, and Chicago convention outcomes restrained activity. Markets showed resilience, with gilt edged securities firming at week’s end while investment business slowed due to flood of new capital issues.
MENTIONED IN THIS ARTICLE
London
The
Stock Exchange
William
Clearing House banks show cash reserves above requirement
The Clearing House banks report 30.4 percent actual reserve and total reserves of 369 026 500 with a surplus of 58 711 875. Loans rise to 1 239 922 100 while deposits reach 1 321 259 500. Nonmember Greater New York banks hold 959 087 290 in deposits with 73 192 200 on hand and 896 451 300 in loans.
MENTIONED IN THIS ARTICLE
New York
United States
Clearing House
Greater New York
Manchester Cloth Market Faces Stagnant Trade Outlook
In Manchester on June 20 business in the cloth market remained small with firmer prices and a slightly improved outlook. Indian inquiries rose but offers were inadequate and many manufacturers kept machines idle. Yarn demand was weak and American descriptions turnover disappointing. Cop producers faced excess supply prompting talk of further production curtailment as export demand lagged.
MENTIONED IN THIS ARTICLE
Manchester
Boston Mining Prices and Ticker Totals
Boston market report lists numerous mining stocks with current prices or indices. Entries include Amalgamated 67 percent, Calumet and He 660, International and regional firms such as Massachusetts Mining 43 and Michigan 9, plus Nevada and Arizona listings like Cal umet and Arizona 108 and Greene Cananea 10.
MENTIONED IN THIS ARTICLE
Boston
Adventure
Allouez
Amalgamated
Atlantic
Bingham
Calumet
Eee
Copper Range
Daly-West
Franklin
Granby
Isle Royale
Massachusetts Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion
Osceola
Parrot
Quincy
Shannon
Tamarack
Trinity
United States Mining
United States Oil
Utah
Victoria
Winona
North Butte
Butte Coalition
Nevada
Calumet and
Arizona
Arizona Commercial
Greene Cananea
Coffee futures open steady on Paris cables market
The New York coffee futures market opened quiet with no change to modest advances up to 5 points. Morning trading showed no special features as the market closed unchanged to 5 points higher. Trade included 5,000 bags of July 5.85c and similar for September December and May with spot quiet results for Rio Santos Cordova.
MENTIONED IN THIS ARTICLE
New York
Rio
Santos
Cordova
Dry goods market steady amid quiet buying in New York
The New York dry goods market remains steady with firm cotton cloths and yarns. Large burlap purchases were made for July shipment, linens are firmer, and fine cottons see stronger demand. Retail trade for the day is described as very good.
MENTIONED IN THIS ARTICLE
New York
Mining Price Listings Show Variety of Silver and Lead Quotes
New York market notes on June 20 report mixed bullion quotes with Alice 3.20 offered and Br USA bonds, plus Comstock Tunnel and Ontario values. Other reported prices include Brunswick Con .06, Horn Silver .50, Iron Silver .80, Ontario 5.05, Ophir 2.30, Standard 1.85, Yellow Jacket .35.
MENTIONED IN THIS ARTICLE
New York
Comstock
Con. Cal
Leadville
Little Chief
Ontario
Candy industry men to meet in Atlantic City
The leading candy makers who supply the bulk of the nations sweets will convene in Atlantic City for the twenty fifth anniversary of the association. Former Vice Mayor Frank L Pfaff John D Rein hart Alfred Goelitz and M J Keefe departed yesterday to attend.
MENTIONED IN THIS ARTICLE
Atlantic City
Frank L. Pfaff
John, D. Reinhart
Alfred Goelitz
M. J. Keefe
The Lake Carriers Meeting Shifts Coal Market Outlook
The Lake Carriers Association in Cleveland decided to lift movement restrictions on independent boats. This aims to quicken lake commerce and raise coal output to meet Northwest demand. Western and Indiana mines may push supply, while dock storage and rail movement shape next winter's market.
MENTIONED IN THIS ARTICLE
Lake Carriers’, Association
Cleveland
Hocking Valley No. 8
Pennsylvania
Northwest
Northwestern
Upper Lake
Indiana
Illinois
New England
Kentucky
Tennessee
Carolinas
Tractions Active in Market as Rates Hold Steady
The article reports steady money rates with unchanged discounts and call loans. Tractions lead activity in Cincinnati Newport Covington Light and Traction and Cincinnati Street Railway, with Gas stock ex dividend and Municipals prominent in bonds.
MENTIONED IN THIS ARTICLE
Cincinnati, Newport & Covington Light and Traction
Cincinnati Street Railway
Cincinnati School
New York Exchange
Cincinnati Markets Report Sees Mixed Wheat and Grain Prices
Cincinnati June 21 1908 Wheat No 1 Northern closes around 1.055 percent and corn offerings ample. rye dull. flour and hay markets trend dull with easy prices. Reports show scattered sales of No 3 red winter and white corn, with receipts and shipments listed across grains and related goods.
MENTIONED IN THIS ARTICLE
Cincinnati
Minneapolis
Northern
Northwestern
Kansas
Kansas City
ST. Louis
Seed price notices for Clover and Alsike crops
Toledo market brief lists Clover seed prices: October 7.35, Orsenbday 7.27, March 7,374. Alsike seed priced August 7.55.
MENTIONED IN THIS ARTICLE
Toledo
Scrambled Bond Figures Surface in Market Quote
Fragmentary financial notes show pricing for traction bonds and various preferred stocks. Entries include Ind State Railway 97 pref, Shifflito Co. 125 130, Nes T.W. pr. 125 130, U. S. Lith pr. 105, with terms like on a 98 pref and 110 Fay Eg.com.100.
MENTIONED IN THIS ARTICLE
Dist
Cov. & C
Col. Crosst
Om.& C.B
Dayton
Southern Ohio
Eloc
Det
U. 1St
Od al, Ur
Ham, & Lind PS
Miami. & Ger
Colum. Bank & Sav. Co
Norw
Nor
Bullock
Fay& Eg.com
Hoov-O-R
IG. c. v
Pat
Ind
St. Ry
Shiflito Co
Nes. T.W
Cattle and Hog Markets See Mixed Week Movement
Weekly cattle receipts total 4 661 head with prices easing due to softer demand from local buyers and lighter attendance. Hogs show small gains after fluctuations with top packers paying around 6.02 to 6.24, while sheep and lambs move slowly with spring lambs near 6.25 to 6.90 and sheep around 4.00.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Pittsburg
Sa BigRet
Esterners
Kansas City
Reesica Y Ween
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Oeree
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RI & PP. R
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Inc
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