Violent Stock Market Collapse in May Session
New York May 23 prices of stocks collapsed in a short session with heavy selling and loss of support measures. The government antitrust suit against the New Haven influenced sentiment amid talk of policy shifts and a possible softer prosecution of railroads. Amid mixed views, idle car reductions and a flood of stock sales drove declines, while bonds held steady and total sales reached 1.426 million par value.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New Haven
American Railway Association
Union Pacific
St. Paul
United States
Contracts Awarded for Brooklyn Fourth Avenue Subway
Ticker notes contracts for the Brooklyn Fourth Avenue subway awarded. May data show idle cars at 7 and 404 534 against 413 605 for April 29. B and O foresees about six percent on common stock this year. Gould claims industrial conditions have improved. May week two roads show 21.65 percent drop in gross average. Bradstreet’s calls business quiet overall. Dun’s Review sees broad signs of improvement. Smelters directors reportedly favor regular dividend on common stock.
What Brokers Say About Daunting Market Moves
Analysts report a weak opening followed by irregular trading and a violent, long overdue decline. Some expect a July rally while caution remains on sharp rebounds, noting government actions and heavy stop orders. Deals were executed during the drop, with late buying offering only a modest rally as prices stayed weak.
MENTIONED IN THIS ARTICLE
W. E. Hutton & Co
Cotton seed oil prime 48c in New Orleans market
New Orleans on May 23 reports prime cotton seed oil at 48 cents per unit as trade notes show steady demand. Local brokers indicate steady prices amid lighter spring stock and ongoing milling activity.
MENTIONED IN THIS ARTICLE
New Orleans
London Stock Exchange weekly summary shows erratic yet firm gains
The London Stock Exchange week saw larger business with sporadic price moves. Firmness at weekend produced small net gains as investment stocks benefited from cheap money and gilt edges recovered after midweek setbacks. Bank of England rate prospects and gold flows aided a market rally amid mixed results from major rails and consols.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Bank of England
Bank of France
Paris
Berlin
Hudson Bay
Wall Street
Baltimore & Ohio
St. Paul
Union Pacific
New York
Dairy and egg market report from Kansas City New York and Chicago
May 23 market update shows eggs steady to barely steady with varying receipts across cities. Butter weak in New York and easy in Chicago while cheese mostly steady with mixed quotes. Poultry prices listed for alive chickens fowls turkeys and dressed meat across the regions.
MENTIONED IN THIS ARTICLE
Kansas City
New York
State Dairy
Western Factory
Chicago
Clearing House banks show reserve surplus and declines
New York banks report a 56,485,375 surplus above the 25 percent reserve requirement, a decrease of 8,121,875 from the prior period. The Clearing House and Greater New York nonmembers hold deposits totaling 908,259,600 with 61,725,300 in cash and loans of 861,385,000.
MENTIONED IN THIS ARTICLE
New York
United States
Clearing House
Greater New York
Oil and Turpentine Markets Across Cities May 23
Oil City and Wilmington report steady spirits turpentine at 41 4 cents and rosin around 2 45 dollars with assorted receipts. Charleston and Savannah show mixed turpentine and rosin prices with wide ranges for grades A to N and window glass and water white listings. Toledo notes North Lima and Indiana oil prices around 99 to 104 cents.
MENTIONED IN THIS ARTICLE
Oil City
Wilmington
Charleston
Savannah
Toledo
North Lima
South Lima
Indiana
New York Bond Sales Brief From Erie to Gas & Water
A scan of bond listings shows varied activity across New York issued securities and utilities. Total sales are listed at several thousand dollars across multiple issues including Erie, C R I, U P A T, Colonial Indus, and gas line bonds with mixed prices and percentages, reflecting market demand and instalment notes.
Coal Market Faces Stricter Terms and Slower Trade
The coal market signals tight policy from producers and dealers with demands for 30 day settlements. Bituminous operators end six month terms, tighten credit, and curb questionable finances while shipments crowd into winter. Regional output varies with Indiana and Illinois near busy, while Ohio ships to lake routes and rail markets.
MENTIONED IN THIS ARTICLE
Ate
Pittsburg
Ohio
Indiana
Illinois
Southwestern
Iowa
Kentucky
Lake Superior
Southwest
Railroma’s
Associated Banks in New York Report Mixed Cash Reserve Decline
The weekly statement shows a cash reserve drop of 8.72 million with a 4.8062 million net decrease after excluding other losses. Loans rise 11.2095 million amid stock revival, deposits up 15.6576 million, and a small 185 thousand increase in circulation. Clearing House totals reach a record 130.2 million. surplus reserve 55.2808 million.
MENTIONED IN THIS ARTICLE
New York
Associated Banks
New York City
Treasury
Stock Exchange
Clearing House
Greater
New York Clearing House
Stock Market Dull in London as Wall Street Relapses
On May 23 London stock activity slid in sympathy with a Wall Street downturn. Copper shares eased while money remained plentiful and discounts weak. Consols and various rails and industrials showed mixed or lower quotes amid a dull session across the exchange. The Paris and Berlin markets also moved uncertainly with New York cues clouding sentiment.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Wall_ street
Kaffire
Anaconda
Atchison
Baltimore & Ohio
Canadian Pacific
Chesapeake & Ohio
Chicago Great Western
Chicago
Milwaukee & St. Paul
de Beers
Denver & Rio Grande
Erie
Grand Trunk
Illinois Central
Louisville & Nashville
Missouri, Kansas & Texas
New York Central
Norfolk & Western
Ontario & Western
Pennsylvania
Rand Mines
Reading
Southern Railway
Southern Pacific
Union Pacific
United States Steel
Wabash
Amalgamated Copper
Paris
Exchange
Berlin
New York
Cigar Leaf Tobacco Offers Mixed Prices at Two Markets
Demand remained solid for cigar leaf tobacco at Farmers and Shippers and Globe Warehouses on Saturday with 4 total offerings. Spanish seed cases ranged from 1 at 3.30 to 2 at 12 to 13.50, Seed cases from 2 at 8 to 9.50 and 11 at 2.10 to 3.70, Wisconsin entries from 3 at 1.40 to 3.90 up to 2 at 12.50 to 13.75.
MENTIONED IN THIS ARTICLE
Globe
Wisconsin
Local Stocks Hold Steady Amid Mixed Market Activity
Cincinnati market shows strength with gas and electric stocks advancing while rail and street railway issues remain mixed. Bond activity stays steady as New York exchange premiums persist and call loans sit around 4 to 5 percent.
MENTIONED IN THIS ARTICLE
Street Railway
Cincinnati Gas and Electric
Industrial Bonds and Market Listings Summary
Fragmentary bond list shows multiple issues with values and abbreviations. Notable items include Edison, Columbia Gas, Fay & Egan, U S H & P, N. & D, Cov. seegte Do gold, N. O. 1sts, and L. & T. Tin pref. The text lacks full names and dates, offering only scattered prices and issue tags.
MENTIONED IN THIS ARTICLE
Bar, & Smith
Cin. Edison
Ham Gas
Columbia Gas
Fay &Egan
Col.Gas Ist
U.sh.& P
N. O
Cotton markets show steady gains across New Orleans and Liverpool
May 23 reports tonic gains in New Orleans and New York as cotton futures rise on Liverpool support. Spot prices hold steady with moderate sales. Liverpool and New York cite improved demand, with daily receipts and futures closing higher across near and distant months.
MENTIONED IN THIS ARTICLE
Liverpool
May rail earnings slip 21.3 percent from last year
Total gross earnings of United States reporting railroads for the first half of May reach $10,425,504, a 21.3 percent drop from the same period in May last year. April two weeks show a 17 percent decline. tables list earnings for May and April periods and earlier months, noting added roads reporting and large year‑over‑year decreases.
MENTIONED IN THIS ARTICLE
United States
Baltimore & Ohio
Wne
Eastern Trunk Lines
Pittsburg
Cincinnati
Chicago &St. Louis
Western Trunk
Northern Pacific
Ohio Incorporations Special Dispatch to Commercial Tribune
The following incorporations were filed today Canton Culvert Company Canton 25000 Hartville Coal Company Massillon 10000 The Maynard Club Columbus for pleasure Rockwood Social and Fishing Club Cincinnati Charles Tyrrell Thomas Monahan John Fussinger Andrew Baker John Daley Pretzinger Catarrh Balm Company Dayton reduction of capital from 200000 to 50000 Lake Erie Lumber Company Cleveland increase of capital from 25000 to 50000
MENTIONED IN THIS ARTICLE
Dispatch
Commercial Tribune
Columbus
Canton Culvert ‘Company
Canton
Hartville Coal Company
Massillon
Maynard Club
Rockwood
Cincinnati
Charles Tyrrell
Thomas Monahan
John Fussinger
Andrew Baker
John Daley
Pretzinger Catarrh
Dayton
Lake Erie Lumber Company
Cleveland
Cotton goods market closes firm with higher next week
The New York cotton goods market closes firm with advancing tendency on bleached goods. Linens selling better and burlaps for spot and contract delivery easier. Fine cottons in better demand from jobbers and mills.
MENTIONED IN THIS ARTICLE
New York
Markets in Cincinnati May 23 1908 steady firm mixed
The Cincinnati market report shows wheat steady all week, corn firm early then easing, oats quiet and firm, rye steady, flour steady with fair demand, hay firm with rising prices, and whisky firm. Specifics include No. 2 red winter wheat at 1.01 and various mixed oats prices, timber hay, and whisky at 1.35 per gallon. Grain inspections list multiple No. 2 and No. 3 grades across wheat corn and oats along with hay and whisky figures.
MENTIONED IN THIS ARTICLE
Cincinnati
Metal market quiet as cables absent in New York
In New York on May 238 the metal markets showed quiet trading with tin quoted at 29.25 to 29.50 dollars per unit and copper largely steady. Electrolytic copper ranged 12.67 to 12.87, casting copper 12.50 to 12.62, lead firm at 4.82 to 4.37, and spelter weak at 4.55 to 4.60. In St. Louis on May 23 lead traded around 4.25 and spelter at 4.40.
MENTIONED IN THIS ARTICLE
New York
ST. Louis
Imports and Exports at New York Port Week Ended May 23
Imports of merchandise and dry goods at the port of New York for the week ending May 23 were valued at 13,457,684 dollars. Imports of specie for the port for the week ending today were 20,839 dollars in silver and 116,019 dollars in gold. Exports of specie from the port for the week ending today were 10,833,290 dollars in gold and 641,746 dollars in silver.
MENTIONED IN THIS ARTICLE
New York
Port of
Coffee futures open steady amid light New York trading
Coffee futures opened quiet in New York on May 23 with prices unchanged and ending steady. Trade showed 9,500 bags sold including September at 6.10 cents, December and March at 6.05 cents. Spot prices held firm Rio No. 7 6 cents and Santos No. 4 8 cents with mild Cordova activity at 9 1/2 to 2 1/2 cents.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New Orleans
Houston
Uplands
Gulf
Rio
Santos
Cordova
New York Mining Prices Reported In Brief
New York mining brief lists several company names and price quotes as of May 23. Adams Con, Alice 2.25, Brunswick Con .08, Comstock Tunnel .38, Ontario 5.30, Ophir 2.60, Potosi .12, Standard 1.75, and other listed yields from Adams Con to Stand ard.
MENTIONED IN THIS ARTICLE
New York
Adams
Alice
Breece
Brunswick
Comstock Tunnel
Con
Treasury balances show gold reserves and cash available
Washington May 2 3 Today's Treasury balances in the general fund exclude the 150 million dollar gold reserve. Available cash balance is 651 025 gold coin and bullion total 13 023 245 gold certificates 9 965 790.
MENTIONED IN THIS ARTICLE
Washington
Treasury
General Fund
Clover seed futures listed with October and December prices
Market listings from Toledo show Clover seed contracts with October at 7.47 percent and December at 7.40 percent, indicating price levels in the futures market.
MENTIONED IN THIS ARTICLE
Toledo
Also Mentioned on This Page
George Eustis & Co
Mercantile Library Railroads
Oren. High
Great Northern
Manhattan
Missouri Pacific
Norfolk & ‘Western
Ontario’ & Western
Sewee Rock Island
Fate
Col. F
Consolidated Gas
Dist
Securities
General Electric
Lea
People's Gas
Se Steel Car Co
Republic Steel
Dopre Bia
Ticker
Brooklyn
Fourth Avenue Subway
George J. Gould
Bradstreet’s
Dun
Page & Hill
W. R. Todd & Co
H. M. Beazell
London Stock Exchange
First National Bank
Erie cv
N. Y
N. H. cv
U. P. Cy la
I. P.se
Jasees
Indus
A & X. Uni
Vives
EK. Lex
Skagebade Aks Vetees
Momour
Total
Associated Banks Statement
New York Exchange
Special Dispatch
New, ‘York Exchange
Cincinnati Street Railway
Cincinnati, Newport & Covington Light and Traction
Fifth National
Third National
Little Miami
United States Printing
Detroit United
Hamilton
Hunt Street
Nashville
Tenn
Cincinnati Edison Electric
Union Light, Heat and Power
Big Four
Gas and Electric
Ask
Panama
Cincinnati Clearing House
Glasgow
Drake Vk
The
N.D
T.P
Col
Xenia
Ohio Traction
O’ma &C. B
Rys
Scioto Valley
Am. R. Mill Obe
Aeenew
Jergens
Smith - Do
Tool
Bolat
Bly &N
Hueb
Tol
Casey-H. Do
Ch. Co Paper
Kroger Neeee Ee Tockyards
Rel
Nat
G. & E Ph. Carey Pr
Ph&fm
Mill
Tobacco
Columbia Ear
Col. Gas & F
Cuyahoga
Sane
Wurlitzer
Fleisch'n
Atlas Nat
J. J
A. O
J. Tey
F. A
M. N
Southern Ry
Southern
Eaves
Terete - Water Works F. A
Oe Water Works
J. D
Hunt Bt
Hamilton County
Elizabethtown Bridge
Teeeaee
Gus Fine Neceeeer
Cesar Eneeers
Big Miami T Bridge
A. Dracress
Newport Water Works Orks
Akcebesatee
C.N
C.B
Outhern
Ham
Imiami & Ger
H& da
e +Bright
N . Ger
Consee
City Hall Cit
Cosmopolitan
Cove Trust
First -N
Geor
Colum
Bank & Sey, Co
Norw. First
Natwears
Ind. St. Ry
Niles T.w.pr
Basta Macks
Saiennes Cocterse
Sete Twenes
Nakey Perr Rrrry
Frbrpor Cdenccccsies
Messina
Palermo
Florida
Ss. P
California
Trunk Eastern
Trunk Western
Central Western
Pacific Ae
U.S
Lospre Satom
A. C
Japan
EAN
Reese Fancy Sane
Michigan
New
Kanawha Lum
Bbs
Bee Mess Wanes Soos
Navy
Delaine
Roberts, Hall & Criss
New York Stock Exchange
America
Borden’s
British Columbia
Coroner Bitre
Devansine Dominion
Otis Elevator
Royal Baking
Peeaer
United Copper
Rae
Daly-West Wens
North Butte
Sonseeee
Utah Consolidated
Sevennee
Davis-Daly Wanes
Feteeeeee
Cum
Vo Sewvatacecasseeseresasessseses
German National Bank
Covington, Ky
Jas
C. Ernst
George BE. Engel
H. P. Colville
Asst
Minneapolis
Northern
Imperial
Sonore
Serecee
Saeebado
Calcutta
Seis
Amogewne
Superlo
Ceereesseers
Cordelia
Florence Wornapabacea
Loretta
Ccceesenes Chevio
Everett
Ssccesees
Cserssoses
Hampshire
Susquehanna
Conestoga
ACA
Great Falls
Brighton LL
Great Western
Accesses & Sts
Pearl
Lonsdale
Cave P
Masonville
Utica
Merry Bell
York
Alabama
Bedford
Scesaccsce
Geneva
Salvador Ottew
Columbia Indigo
Om Simpson
E.e
Cincinnati Stock Exchange
Baker Court
Trent Hotel Company of
the Baldwig Fiano
the Baldwin Company
W. 4Th St
Steinway Piano
Metals
NEW York Mining
Treasury Statement
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