Pennsylvania Bond Sale Triggers Market Rise and Debate
The stock market rallied late on news of a $40,000,440 long term bond issue by the Pennsylvania Railroad, with investors optimistic about low interest rates and railroad refinancing. Analysts noted gains in steel stocks, mixed earnings reports from Kansas City Southern and Chicago Great Western, and ongoing gold and currency movements as Paris and Berlin bid for gold amid a US deposit deficit.
MENTIONED IN THIS ARTICLE
Wall Street
Pennsylvania Railroad
Fteel and Iron
Kansas City Southern
Chicago Great Western
Inter-State Commerce Commission
Chicago
Pennsylvania
Steeth
New York Central
Paris
Berlin
Treasury Department
United States
Alb
Susp Sks
OAS
Iinca News
Ohio
Lyn Rap
Va Bot
DWM
Cesarcas TL
Nor & Wn
Sea BS
Northa Pac
Iffalo
Oregho Sol
M & Con
Co Ee Resapeake
Kc & Alt Sigs
Aesesecs
Gee
Ist
L& SF
St LL Southwestern
M & St P
St Paul Min & M
SBS
RPC
Ets
Witz
San Ann
I& R
Erie
GOO
W.nccsene
ihWabash
SORE
Wien
Westingn E & M
Eod Lee
Ceva
Comstock
Calendar for today books close in early preferred lists
Market note lists American Best Sug as Anaconda Upper Co H B Claflin Co first and second preferred Philadelphia Warehouse and Cold Storage Reading Railroad second preferred United Gas Improvement Co Realty and Improvement Reading areas. Dividends payable mentioned. Railway Steel Springs Co common. Annual meeting J Bailey Co special meeting Alabama Consolidated Coal and Iron Co listed.
MENTIONED IN THIS ARTICLE
H. B. Claflin Co
Philadelphia Warehouse and Cold Stooge
Reading Railroad
united.Gas Improvement Co
Peace States Realty and Improvement O
Wersey
Railway Steel Springs Co
J. &. Bailey & Co
Alabama Consolidated Coal and Iron Co
Money and exchange rates on the stock exchange today
Money on call on the Stock Exchange loaned at 1 percent with some loans at 2 percent. Time money varied from 0 percent for sixty days to 4 percent for four months and up to 4 1/2 percent for five and six months and a year. Mercantile paper rates ranged from 4 1/4 to 5 percent for four to six months. Clearing House exchange totals and balances were reported with gains for local banks since Friday. Sterling exchange closed firm with quoted ranges for sixty day and cable rates. Continental bills and various foreign exchange quotes were listed, alongside New York exchange points from Boston to San Francisco.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile
Clearing House
Treasury
Sterling Exchange
Continental
Frances
Reichsmarks
Guilders
New York
Boston
Chicago
St. Paul
St. Louis
New Orleans
Bank
San Francisco
Silver quotations across London New York and Mexico
Bar silver closed in London at 253 15d per ounce and in New York at 45 6 25c. Mexican dollars traded at 47 cents each with market pricing noted.
MENTIONED IN THIS ARTICLE
London
New York
Coffee Market Sags Slightly Amid Mixed Exchanges
The Coffa trade posted 69 500 bags with many from May onward. Prices moved irregularly from a 5 point decline to an advance, closing steady. Brazil reports moderate receipts. Jundiahy and two ports show year over year parity, hinting at a potential crop under 10.5 million bags.
MENTIONED IN THIS ARTICLE
Hamsburg
Jundiahy
Rio No. 7
Curb Trading Sluggish as Prices Edge Down at Close
The curb market showed dull activity with copper and gold stocks weak and little price movement. Standard Oil rose to 583 then slid back to 575 after 68 shares traded, while Illinois Central rights saw 2,358 shares change hands between 233 and 2716, ending near 13.
MENTIONED IN THIS ARTICLE
Standard Oil
Ilinois
Transactions in Bonds in Arbor 1908 1907 1908
Principal market activity reports several bond and stock movements across rail and industrial companies including Georgia Southern and Florida mileage figures, Missouri Pacific and Central Branch results, and varied listings for rail and mining shares. Notable totals show week April performances and year-to-date figures with bids, asks, and net results for multiple issuers.
MENTIONED IN THIS ARTICLE
Arbor
Wey Er
Detroit
Toledo & Ironton
Eckee
Onsenseorgia Southern
Florida
S.e
Central Branch
Fobile & Meee
Grande Southern
Cansas City
Wheat and Corn Markets and Marconi Company Officers
Grain prices rose briefly on bullish weather signals before fading, with exports active and Chicago and New York cash markets firm. The report also lists officers and directors elected for the Marconi Wireless Telegraph Company of America, led by John W. Griggs as president and Guglielmo Marconi as vice president.
MENTIONED IN THIS ARTICLE
Kansas
Nebraska
Liverpool
New York
Duluth
John W. Griggs
Marconi Co
Marconi Wireless Telegraph Company of America
John. W. Griggs
New Jersey
Guglielmo
John D. Oppe
Montreal
James W. Townsend
Jose
Esieceas
Chicago
Hill
Treasury balances report and bank failure in Ohio
The Treasury reports government receipts from customs and other sources with totals for gold and silver holdings and banknote issues. Separately, Bank of Wauseon in Ohio closes amid heavy withdrawals. Judge Tavner names Jerse W. Close and H. C. Rorick receivers to wind down the institution as the panic affects obligations.
MENTIONED IN THIS ARTICLE
Wauseon (O
Toledo
Ohio
Bank of Wauseon
Wauseon
E. L. Barber
Independent Telephone Company
Chicago
Tavner
United States Court
Jerse W. Close
H.C. Rorick
Wall Street Closing Quotations for Bonds and Stocks
Closing quotations show numerous bond bids and asks with limited or no trades across government issues and stocks. The list includes many issues with bids and asks, and indicates market gaps and thin activity for the date April 21 1908 on the Consolidated Exchange.
Bid and Asked Entries for Virginia and Carolina Exchanges
A compact list shows bids and asks across various securities and bonds. Entries include Va.-Car. Chapter prospects, Wisconsin Cent. 14 in West, Md. 643 7% notes, and Westinghouse Ist pi-5% with percentage figures like 90% 91% and 8 W.-F. Exp.236-800, reflecting market quotes and fractional pricing details.
MENTIONED IN THIS ARTICLE
Va.-Car. Ch
Ll. FE
Aya XW. & L. -B. Va.-Car
Ww & B
W.-F
West, Md
Wis. C
Wis. C. Pf
Wwestingh'sa
Local meeting notes reveal election party shifts
A fragmentary report shows attendees including Brewster and Henderson at an annual gathering. The text references candidates and party movements tied to Redmond Ty and related groups, with unclear details about dates and outcomes.
MENTIONED IN THIS ARTICLE
Machey & J
Vibe
Redmond
Ana
Corgane Tieta Brewster
Ldah Henderson
Nts
Bargains in Real Estate
Advertising copy notes bargains in real estate from The New York Times Annual Real Estate Review with Next Sunday’s Times and offers advance ordering for a copy.
MENTIONED IN THIS ARTICLE
New York Times
Next
Times
Adv
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Spencer Trask & Co
William and Pine Sts
John Munroe
Letters OF Credit
Commercial Letters OF Credit Foreign Exchange and Collections
IHLE
Munroe & CO
Kountze Brothers
Broadway & Cedar Sr
U.S. Steel Corporation
Chisholm & Chapman
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Fifth Ave
Trust Companies
Greater New York
Moffat & White
Nassau’ Street
Telegraph Co
Apcotern Union Telegraph
A. M. Kidder & Co
Wall St
Redmond As
Royal Baking Powder
Connecticut
Ry, & Light Common Lehigh & Wilkesbarre
Rubber Goods Mfg
Ptd. Trust Co. of America
Broad
Broad St
Indorsement Metropolitan Street Railway
29Th St
Grosstown
West
S Ts. Ferries
LF. Hepburn
New St
Nmccurpdy Henderson & Coo., Bankers Sere Eens Ev —. Investment ‘Securities
Wardwell & Adams
Broadway
Ntakarsaes
Manhattan Hotel
le Cotton Exchange
Hall Signal
Cripple Creek Central
Com
Tefft, Weller & Co
Worthington Pump
North Side Bank
Brooklyn
Willard & Tel
Hanover
F P. Freeman & CO
Broad Street
Stocks and Bonds
Swartwout & Appenzellar
John
Pine St
White & & CO
Pine Street
First Mortgage
Metropolitan Street
Wil H
Ever & CO
Tel
Bankers
American Store Co
German-American Coffee Co
Union Trust Company
Corn Exchange Bank
American Iron and Steel
Siegel, Heulner
Ceeeese
Corra
Ask
Peay
Cape
Jistille Jul. S. Dul
Reneral ‘Meat
Nuisvil Anhati Exican
Kanissouri Rational
Kur
Rhs
S. Steel Ph.v
Utah Copper
A. Iron, Coal & C
Vabash
Coca Cesse IQ
Vabash Pf
Western Union Tel
Westinghouse BE. & M
Eee
American
Cet & Foundry
Amer
Tee Securities
Smelt
Smet
Phat
Amer Tota Co
S. F. of
Baltimore & Ohio
Batopilas Mining
Brook
Canadian Pacific
Spe
I Central
Her Co
Miesaays
Ogi
Wsy
R. Mar
Southern
Tee
Pleass
Nash
Caeentral
Louis
P&s
Texas
Pacific Sc Eewee
If Biscuit Co
Enam. & Stamp
National Lead. Co
National Lead ‘Co. Pe
Do Yat. R. RR
Mex. Pr
Newhouse M. & Ore
Acai
Ont
Norfolk & Western
N. P. Reds
Pacific Mail
Pullman Company
Rep
Iron & Steel
Rock Island Concreeee
Rock See Co
Sloss-Shef. & Iron
Tennessee Copper Wee
Third Avenue
Gov. Pees
Union Bag & Paper
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United Rys
Wrens
Rys
Outside Securities
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Hudson Nav
Manhat
Tran
Biy
Standard
Nat. Rys
Seaboard Co
Laining
Alaska M. Sec
Bonanza Creek
Boston -Copper
Butte Coal'n
Butte & N
Te Osoe
Con
Ariz. Sm
Ely M
Davis-Daly Es
Florence
Foster Cobalt
Giroux
General Mines
Gold Hill
Goldfield Con
tGoldf
Cananea
Greene Gold
Greene G.-S
Miami Copper
Micmac Mines
Mines Co
MecKinley-Dar
Mont
Nipissing M. C
N. Butte
Ives
Penn
Portland
Silver Leaf
Stewart
Ives. Oc
Sup. & Pitts
Belmont
Thy
T.m.of N
Montana
Trinity Copper
United Copper
Bay OS
Rico
Yukon
New York Aires
Phil
Vera Gils
TWA cc
SK Hire Unig
BUD Sciences
S&s Pump Eapo
PHP
Zoe
Mexico
Aia
Auu
Boston Copper
British, Columbia
Butte Coalition
Butte
Sug Goldfield Daisy Sereere
Greene-Cananea
Greene
Guggenheim
Havana ‘Tobacco
Havana Tobacco
Manhattan
Miemac Mines
Mines Co. of America
Nevada
Utah
Otis Elevator
United
Grain and Provisions
Beg
Aly
Is Pitts
Rome
W & Og
Vas
Sted
Orp
the Treasury Balances
Washington Ap
Cain
Boyvenus
Heous
Urs
Berin
R Co
Chas
van Nostrand
Gas and Electric Securities
Acker
W. W. Halsey & CO
WO Wall SP
Uhicare
Ai Uson
L. B. Wilson & CO
Consolidated Stock Exchange of
N.Y
N. Y
National
National Bank of Cuban
Irving National Exchange Bank
Goodman & Co
Teall St
Aeanders
St. P
K. & AE Ctc
D. M
Allis-Chalm
Allis-Ch
G.-T
A. H
L. Co
M. Pf
Snuff
Am. W. Co
TES. Wottead
Ann Arbor
Ann & Pf
O. Pf
Boe
SS & R
NS Bee Ches, & O
Cy & AY
Bo & Q
St. L. Pf
R.R
R. G
Deerwees
South
C. Co
Eae & Fed
Ch. Co Erie
Hock
Rand
R. Pf
Lake Shore
Long Island
Mackay Cos
C. R
Man. Beach
MD. C. Pf
St. Ry
St. Er
St. U
T. Bas
St. L
RG Stove, Mae
Meroe Roy Eee
St. L. Pt
Rens. &.S
New Otis
Ee & A
Sears
Texas Cent
Tex. C. Pf
Lele West
UN. Pac. Pf
U. S. Exp
U. S. Leath Py
U. S. Pf
Us KR
U. S
Suas
R. R
Vulcan Det
Consolidated Exchange
Balt
Pacific
Chi
Gt. West
Col. Fuel & T
Dist. Securities
Erie Eee
Gt. North. -Po
Inter
Central Bly
Nor Pacific
Rep. Steel
Rep. Steel Pf
Rock Island Vt
Southern Pac
Union Pacific
US. Steel
Taig
Steel
Best & Belcher
Blue Bell O
Cal
Elkton Ead
Goldfield
Ontario
Andy Sandstorm
Financial Notes
New York City
Willard V. King
WM. H. Nichols
Howard Bayne
Langley W. Wiggs
Edwin B. Pottspark
Terrell
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Treas
Mgr. Bond Dept
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Girard Trust
E i _ EID
Commercial Trust Company OF Mey Jensey
Ents & Pre
Cork
Eijent
Phenix National Bank
City of
Coz
Nassau and
Liberty Streets
Nassau Bank
Naseau and Beekman Sts
I. Ee Reinhardt