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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Apr 25, 1908
Page
10
The Fifth Avenue Branch of The Farmers Loan and Trust Company at 475 Fifth Avenue near 41st Street offers Travelers Letters of Credit foreign money and express cheques and vault boxes for customers use.
Markets opened with strong activity as the Pennsylvania bond offering signaled heavy oversubscription. Banks gained cash while stock prices rose on broad trading, aided by a notable short covering and a suspended Wall Street house amid shifting cotton and grain cues. The week saw a modest net cash gain for banks despite a Sub-Treasury gold draw, with new securities offerings including 7 million dollars of Boston Albany 4 percent bonds and large public service blocks.
Fragments show daily figures for leather and chemical sectors plus numerous stock prices and yields. Listings include Railroads bank and mining issues with percentages and odd lot notes, indicating market activity and options.
Friday trading on the New York Exchange shows broad activity with multiple issues advancing and notable gains in rail and utility stocks. The Boston market notes copper shares leading gains amid a strong close and high prices across General Electric and steel issues.
Standard Oil climbs to 610 shares crossing 609 for first time since 1980. Copper and gold shares post substantial gains amid stiffening prices and renewed trading activity.
Prices for copper and Nevada gold stocks rose while Standard Oil topped 600 for the first time since 1906 as trading volume surged. The outside market featured notable movements in bonds and mining equities with varied open, high, low, and close values and a strong session for copper and tobacco shares driven by improved demand.
Closing quotations show a wide range of stocks with prices and percentages. Listings include Asad act Gas Lact G pe Mackay Cos Mah C. R290 Man. Beach Met St. R. 29 Mich. Centr. 120 175 St. Le ist Pr. Da. 26 M. Do Se. p TEL. 107 and various Westinghouse and other industrials quoted with small percentage changes.
The stock department reported yesterday’s principal transactions with opening, high, low, and last prices. Details include Troy and Manhattan sales figures, showing price ranges and final trades. The fragment notes volatility in early trading and references unspecified entities.
The cotton market rose in mid sessions but eased under selling from Southern sources, finishing barely higher by about 145 points. Daily sales were estimated at 250,000 bales with gains driven by warmer weather boosting demand for cotton goods and reports of a large manufacturer putting eleven mills on full time next week.
Listing shows transactions by Lawyers Title Insurance & Trust Company handling trust business at 69 Liberty Street Manhattan and 188 Montague Street Brooklyn with Guaranty Trust Co of New York including capital amount and surplus figures in a historic financial notice.
Calendar notes dividends payable for several firms including Electricz Securities Co. preferred Lord and Taylor common Calumet and Arizona Mining Co. E Du Pont Nemours Powder Co. Grand Rapids and Indiana Railroad Homestake Mining Co. Kansas Natural Gas Co. Wines Co. of America Street's Western Stable Car Line common stocks are set for payment.
Money on call on Stock Exchange loans noted at 1 2 percent with recent loans at 1 percent. Time money for sixty days at 2 2 percent and up to five and six months at varied rates. Mercantile paper rates and bills receivable listed. Sterling exchange closed steady with multiple bid and ask quotes. Exchange on New York from Boston, Chicago, St Paul, and other cities shown with discounts and premia. Continental bills and other foreign exchange rates detailed.
The record notes bar silver in London at a quoted price per ounce and in New York at a marked rate in Mexican dollars, with the figures obscured in the OCR. The report gives a snapshot of bullion prices in two major centers.
National bank notes redeemed for 1,694,480 dollars and government receipts from internal revenue 712,301 customs 783,880 and miscellaneous 574,637. Treasury begin day reserve fund gold coin 150,000,000 and trust funds redeeming outstanding certificates 48,379,869. Total silver dollars 461,578,000 and national deposits 208,047,418 with current liabilities 46,779,516 and Philippine Treasury awaiting reimbursement 3,366,427.
A partial OCR scan shows a sequence of trustee names and officer titles including President Omann Vice President Ashley Secretary Burke Stewart Lewis Onzie A Peabody Freaman Robinson Robert Wexa rt Walterbi P Foster. The readability is inconsistent leaving several garbled segments.
From January 1, 1906, results show total sales for the period compared with the prior year. Figures include nationwide totals and regional breakdowns with amounts such as 4,921,500 and 274,104,520 in the summarized yearover. This item notes performance across categories without detailed context.
Bradstreets logs 234 failures in the United States this week versus 61 last week and various declines across 1907 to 1904 weeks. Regions show Middle States M4 New England 33 Southern 47 Western 45 Northwestern 14 Far West 27 and Territories Canada 36. About 3 percent of failing concerns have capital 5000 or less and 1 percent from 5900 to 206 cap.
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