Foreigners Sell American Stocks on London Account
Arbitrage on the New York Stock Exchange reached as high as 100000 shares amid foreign liquidation. Large blocks of United States Steel and Rock Island preferred were sold under London influence, with demand for remittance to pay for home-bound American securities and a firmer time money market in New York.
MENTIONED IN THIS ARTICLE
New York
London
Europe
Continental
United States Steel
Rock Island Preferred
Holland
Bank of France
Paris
Bank of England
Berlin
Sterling Exchange
Northern Pacific
Americans in London Face Cautious Diplomatic Tone
Bank of England rate remains unchanged. Reading earnings on common stock estimated at 14 percent. Hill says no extra dividend likely at Northern Pacific. Twelve industrial stocks rose 40 percent. PCL and twenty active railroads up 21 percent. Atchison declares regular semi annual dividend on common.
MENTIONED IN THIS ARTICLE
Hill
Northern Pacific
Market outlook and broker cautions on stocks
Brokers warn of irregular trading in major centers while our market stays steadier. Policy guidance favors buying on dips with modest profits. Beazell notes unsettling signals from Northern Pacific dividend chatter. If weakness persists, stocks could be bought for a turn but no bull resumption expected before the election unless Taft’s victory seems assured.
MENTIONED IN THIS ARTICLE
Balkans
Northern Pacific
United States
Page & Hill
Taft
Money on Call and Bonds Ease Across Markets
New York money on call eases to 1 percent with slight firming in 60 and 90 day rates. Sterling exchange strong with bankers’ bills around 484.90 to 486.50. government and railroad bonds mixed. Boston markets show call loans 2 to 3 percent and varied bond quotes across railroads and utilities.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling Exchange
Boston
Atchison Adjustable
Atchison
Mexican Central
Edison Electric Illum
General Electric
Massachusetts Electric
Massachusetts Gas
United Fruit
United
Ask
Panama
London
Glasgow
Berlin
Paris
Ask. Sme
Ain
New York Bond Sales and Market Listings
A dense OCR list of municipal and corporate bond notes with various issuers such as Erie gen. 4s, Reading 4s, Union Pacific, Northern Pacific, and American Tobacco 4s. Includes multiple issue counts, prices, and yields, reflecting a broad trading screen with numerous 4s and 5s notes and rail and utility names.
Chamber figures and travel notes from the week
Thomas P. Egan returned from an East run as Chamber of Commerce president. Joseph Costello improves from bronchitis and expects release soon. Frank Wiborg and E. H. Hargrave discuss a South American tour plan with Cincinnati manufacturers. A grain trade meeting in the Chamber reports a weighing bureau rule revision due within a week. The Empress of Ireland docked at Quebec setting a new Atlantic crossing record of 5 days 11 hours 40 minutes, beating the former best by almost a day.
MENTIONED IN THIS ARTICLE
Chamber of Commerce
Quebec
Atlantic
Foreign Bourses Briefly Dip Amid Continental Tension
London trading showed nervousness and irregularity as the continent’s political row cooled speculative risk. Consols and home rails fell, while Berlin and Paris traded lower. American securities opened near parity but slipped before rebounding later. Paris Milan and Berlin weakened amid Clemenceau speech reads. Rates and discounts for short and three month bills noted.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Berlin
Paris
New York
Grand Trunk
Anaconda
Atchison
Do. Pref
Baltimore & Ohio
Canadian Pacific
Chesapeake & Ohio
Chicago
Ontario & Western
Pennsylvania
Rand Mines
Reading
Southern Railway
Southern Pacific
Union Pacific
United States Steel
Wabash
Amalgamated Copper
Clemenceau
France
Exchange
Bank of England and Bank of France Weekly Statements
The Bank of England reports a fall in total reserves and several asset and liability changes led by a 4.08 million pounds rise in other deposits and a 3.56 million pounds drop in public deposits. The Bank of France shows increases in notes in circulation by 4.6 million francs and gold in hand by 14.95 million francs, with declines in treasury and general deposits.
MENTIONED IN THIS ARTICLE
London
Bank of England
Paris
Bank of France
Metal Markets Report From St Louis and New York
Lead and copper prices edged down in London and remained dull in New York trading. London tin rose to 134 pounds 1 shilling 6d per ounce, with futures at 135 pounds 17 shillings 6d, while copper fell to 59 pounds 8s 9d spot and 60 pounds 6s 3d futures. Local markets stayed quiet with slight declines or steady quotes across lead, lithium, and iron products.
MENTIONED IN THIS ARTICLE
ST. Louis
New York
London
Higier
Standard Foundry
Cleveland
Northern
Southern
Southern Soft
Wool sales brisk as 13,844 bales auctioned in London and St Louis
A moderate selection of 13,844 bales with cross breeds drew brisk competition at London wool sales on Oct 8 with prices steady. Merinos favored by continental buyers. American buyers sought super greasy combing. Sales close Oct 20. In New South Wales and New Zealand lots, scoured and greasy rates set, while St Louis quoted medium to heavy fine grades up to 27c.
MENTIONED IN THIS ARTICLE
London
New South Wales
Queensland
Victoria
South Australia
New Zealand
Cape of Good Hope
Natal
Boston Mining Prices and Market Ticker Report
Boston market update lists numerous mining stocks with current prices and percent changes as of Oct 8. Adv enture leads at 8 percent, Amalgamated 74, Alaska 37, and many others including Calumet and Hecla 66, Isle Royale 22, Quincy 93, Trinity 16, United Copper 10, Nevada 15, Arizona Commercial 32, and Greene Cananea 10.
MENTIONED IN THIS ARTICLE
Boston
Oct
Adventure
Allouez
Amalgamated
Atlantic
Bingham
Calumet
Hecla
Centennial
Copper Range
Daly
West
Franklin
Granby
Isle Royale
Mess. Mining
Michigan
Mohawk
Montana Coal and Coke
Old Dominion
Osceola
Parratt
Quincy
Shannon
Tamarack
Trinity
United Copper
Butter Eggs and Cheese Markets Reported Across Cities
Butter and cheese prices hold firm in Chicago New York markets with eggs steady and poultry values mixed. Kansas City notes fresh eggs firm and widespread receipts. overall market tone unchanged across regions with turkeys and chickens holding value.
MENTIONED IN THIS ARTICLE
Chicago
Kansas City
New York
Treasury Statement Reveals Public Fund Balances
Treasury release shows the general fund excluding the 150 million gold reserve with available cash of 178,051,209. Gold coin and bullion total 6,656,605 and gold certificates amount to 40,463,450.
MENTIONED IN THIS ARTICLE
Washington
The
Treasury
Nalunace
General Fund
Sme
Coffee market opens quiet with little business
The New York coffee market opened quietly with prices unchanged or slightly lower as selling pressure rose in the absence of bull support. Trading was dull with total sales around 10,500 bags including October at 5.50 5.60, December 5.55, and March and May at 5.40 cents, Rio 7 8 a and Santos 4 8 1/2 cents.
MENTIONED IN THIS ARTICLE
New York
Rio
Santos
Cordova
Market Quiet as Bonds Show Little Activity Across Cities
Bank clearings in Cincinnati and Chicago reach millions while New York exchange holds firm discounts. Traders report light demand for securities, few price concessions, and steady to firm bond prices amid subdued trading. money demand remains fair with call loans around 4% and time loans near 5%.
MENTIONED IN THIS ARTICLE
Cincinnati
New York Exchange
Newport & Covington Light and Traction
United States
Grand Jury Indicts Brokers in Mail Fraud Scheme
The U S Grand Jury charged Louis W Foster and associates of the O Dell Brokerage Co and George H Stapely and John A Payne in a mail fraud scheme tied to stock and commodity trades The defendants allegedly sent circulars to lure customers and claimed false margins while converting customer funds to personal use The case marks the first federal action against bucket shops under postal laws with bail set and trial dates pending.
MENTIONED IN THIS ARTICLE
United States Grand Jury
Louis W. Foster
O’dell
George H. Stapely
John A. Payne
Foster & Co
Foster
Samuel Hankness
D. B. Prosser
Charles W. Mackey
Foster’s
Messrs. Cohen &Mack
Outcast
Sater
Charles Dolle
Williams & Cogan
O'Dell
CATTLE MARKET WEAK AS SUPPLY OUTSTRIPS DEMAND IN CINCINNATI
Cincinnati market reports heavy receipts with cattle prices weak to lower and demand lagging. Hog and sheep trading shows mixed but steady to soft tones across several regions including Pittsburgh East Buffalo Chicago St Louis Kansas City New York.
MENTIONED IN THIS ARTICLE
Cincinnati
Ogs
Commercial Tribune
Pittsburg
Oct
East Buffalo
Chicago
ST. Louis
Kansas City
New York
Turpentine and rosin market notes from Atlantic ports
Charleston, Savannah, and Wilmington report firm to steady turpentine prices with varied rosin values. Day’s receipts and shipments rise for turpentine and rosin. listed ranges include A through N grades and window glass and water white additives. Oil market signals in Toledo and Oil City note slight price and supply movements.
MENTIONED IN THIS ARTICLE
Charleston
Oct
Savannah
Rosin
Wilmington
Toledo
Lima
Indiana
Oil City
Dry Goods Trade Report in New York
In New York on October 8 the brown cottons and converters goods market stays fair. Print cloths sell more freely while jobbers push light house trade. Road orders are small but numerous. Raw silk firmer and yarns steady with fair inquiry. Men’s wear and spring dress goods are quiet, though cutters and clothiers show a fair spot trade.
MENTIONED IN THIS ARTICLE
New York
Pig iron market shows slow recovery before election
Matthew Addy & Co notes ongoing recovery in pig and finished iron despite election delays. No. 2 foundry prices rise from 10.75 to 12.50 13 in the South, with full orders in yards easing. Northern demand remains tight with malleable steel in demand and coke prices stationary.
MENTIONED IN THIS ARTICLE
Southern
Birmingham
Ohio Incorporations Filed Across Cleveland Springfield and Warren
Ohio secretary of state reports today the filing of several articles of association. The Omnigraph Company in Cleveland is capitalized at 1000 dollars with officers listed. The Fidelity Adjustment Company in Cleveland shows 1000 dollars. Columbia Planter Company in Springfield with 50000 dollars. Flint Ridge Oil Gas and Fuel Company in Thornville 25000 dollars. The Moses Johnson Company in Steubenville 100000 dollars. The Warren City Tank and Boiler Company in Warren 100000 dollars.
MENTIONED IN THIS ARTICLE
Commercial Tribune
Columbus
Omnigraph Company
Cleveland
C. M. Runyon
Worthington Hoyt
B. Lewis
C. W. Fuller
J. L. Bradley
Fidelity Adjustment Company
W. J. Swartz
C. B. Ferguson
M. O. Husband
Bamford
W. Cuddy
Columbia Planter Company
Springfield
Flint Ridge Oil, Gas and Fuel Company
Thornville
Moses-Johnson Company
Steubenville
Warren City Tank and Boiler Company
Warren
Burley Tobacco Break Prices Reported in Local Sales
Yesterday's local breaks offered 73 hogsheads of tobacco with varying quality. Globe, Farmers and Shippers, and Bodmann's sold multiple lots from $5 to $25.50 per hogshead, with totals and ranges summarized in the recapitalization.
MENTIONED IN THIS ARTICLE
Globe
Bodmann’s
New York Mining Prices Reported on Oct 8
The New York mining market lists prices for several stocks. Alice at 3.50 Breece 0.05 Brunswick Con 0.06 Comstock Tunnel stock 0.20 Comstock Tunnel ponds 0.17 Con. Cal. and Va. 0.65 Horn Silver 0.80 Iron Silver 1.00 Leadville Con 0.08 Little Chief 0.08 Mexican 0.63 Ontario 5.00 Ophir 1.70 Standard 1.70 Yellow Jacket 0.45.
MENTIONED IN THIS ARTICLE
New York
Alice
Brunswick Con
Comstock Tunnel
Comstock Tunnel Ponds
Con. Cal
Leadville Con
Little Chief
Ontario
New Orleans Oil Market Update
In New Orleans on October 8 the market shows Prime 38e crude and noting demand for ten seed products remains subdued as traders watch global supplies and local refinery activity. A minor uptick in regional exports is reported by sources.
MENTIONED IN THIS ARTICLE
Orlfans
Cotte Oil
Prime
Thomas J Walsh Named Secretary of RR Company
Thomas J. Walsh appointed secretary for the Cincinnati Hamilton and Dayton Railway Company in Cincinnati Ohio announced September 12 1908 in the official notice from the company records.
MENTIONED IN THIS ARTICLE
Thomas J. Walsh
Cincinnati, Hamilton & Dayton Railway Company
Cincinnati
Ohio
Drought Persists Shaping Grain Trade and Harvest Outlook
Rain relief was partial last week as dry conditions continue in central regions. Frosts slowed vegetation and pastures, but corn injury remains limited. late plantings may be soft. Wheat sowing rises in dry ground, while potential reductions in area due to drought persist. Chicago price moves show minor declines. wheat, corn, and oats receipts and stocks are reported with seasonal shifts in demand and milling.
MENTIONED IN THIS ARTICLE
Eba
Chicago
Norfolk & Western reelects officers and expands lines
At Roanoke on October 8 the Norfolk and Western Railway annual meeting re elected all officers and directors. Directors gained authority to purchase the Lynchburg Belt Line and connecting railway the West Virginia Southwestern the Pocahontas and Western the Caretta and the Big Stony Railways.
MENTIONED IN THIS ARTICLE
Roanoke
Norfolk & Western Railway
Lynchburg Belt
West Virginia Southwestern
Pocahontas & Western
Caretta
Big Stony Railways
Northern Pacific declares quarterly dividend and re elects officers
The Northern Pacific Railroad Company directors in New York on October 8 declared the regular quarterly dividend of 14 percent. All retiring officers were re elected.
MENTIONED IN THIS ARTICLE
American Rolling Mill Company
Middletown
R. C. Phillips
Northern Pacific
New York
Northern Pacific Railroad Company
Also Mentioned on This Page
Steel
Rock Island
George Eustis & Co
Mercantile Library
Great Northern
Missouri Pacific
New York Central
Southern R. R
St. Paul
Xas Pacific
Seerene
Wabash Pref
Col. F. & Iron
Distillers’ Securities
Venares Electric
Republic Steel
Ticker
PCL
H. M. Beazell
Peoria
W. B. Hutton & Co
Ional Bank Building
jErie
Erie
Orthern Pac
Erie Gen
K. C. Ft
EAM Jo. Pac
N. Y. Central
T Bean
N. Tae
Union’ Pacific
Nion Pac
Ie Pacific Cy. Pal'ev
Issoe
Lake Shore
Ee A
Emma Hen’ Mer
Union
T. Ey
B. R
Ga. Cy
Sss
Third Avenue
Bway
SeventhiCx
R. Se
G. m
Osia
A. Chem
Rine
N. Y
RL & P
Shaeak
R. G
Konig Tis
Ieee
Thomas P. Egan
Joseph Costello
Frank Wiborg
E. H. Hargrave
Clubee
Metals
Boston Mining
Treasury Statement
Special Dispatch
Gas and Electric
U. S
Lang S
W. W
Col
Xenia
IC. D
St. Ry
Traction
C.n.&c
L&t Tate Res
Columbus Ry
C. IT
T. Rye
Scioto Vailey
Um. R. Mill
Jergens
Bara Smith
Brownell
Hile
Cesey-H. Pr
S. Tel
Mill
Columbia Gas
Globe Soap
Reesees
Stan
Jueb
Kroger
Nat
A. F
Carey
Gam
Rob’n Realty
W. Powell
Wurlitzer
F. A
J. J
Bar. & Smith
Ham
O.L. C
Crosst
Southern Ohio
Dayton
Big Four
Dog. m
C.R.& Flw
Ee Do
Dayton & Eee May. & Tir
Ky. Cent
Jb. Miami
Consol S. F
M. N
Southern Ry
Ss. Armory
Benson Street Bridge
Big Miami
Covington
Am. N. B
Bright'n - City Hall
Cit. Nat
Trust
N’1
Colum & Sav. Co
Norw
Nor. Nate
Unity Sav
Br Pr
Oak L
Fay & E.com
Niles B.P
Securt
Roberts, Hall & Criss
New York Stock Exchange
American Tobacco
Borden's Milk Coom
British Columbia
Eaee Butte Coalition
Dominion Copper
Havana Tobacco
Io PD Ee Bane
Otis Elevator
Trinity Utah
O’dell Brokerage Company
Edwin Heil
Walter J. Campbell
Arthur C. Baldwin
John M. Scott
New York Curb
New York Curb, Cotton Exchange
Cincinnati Stock Exchange
Chicago Board of Trade
Matthew Addy
NEW York Mining
Mingo Junction School
Weil, Roth & GO
East Fourth Street
Che Paldiyin Fianc
the Baldwin Company
Ott Voeton
S. Kuhn & Sons
Carew
Cvaccsewosses
Bert Ae
Norfolk & Western Directors