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Newspaper

New York Times

Location

New York, New York, United States of America

Date

Aug 11, 1908

Page

8

Financial Markets Rally As Stocks Hit Fresh Highs

Stocks rose strongly with many issues setting new yearly highs and large-volume trades in Reading Union Pacific and United States Steel. Market weakness in Amalgamated Copper and American Smelting contrasted with sharp gains in Metropolitan Street Railway and Third Avenue as lenders eased long term rates.

New York Stock Exchange Record of trading Aug 10 1908

On Monday August 10 1908 the New York Stock Exchange shows daily totals and closing quotes with wide activity across rails, textiles and industrials. Notable names include American Can, Amalgamated Copper, Bethlehem Steel, Chicago Great Western, and Union Pacific amid varied highs and lows.

NEW York Stock Exchange

Outside Securities Boom Renewed in Force as United Copper Surges

A renewed surge in outside securities followed last week’s boom with high trading and new yearly highs. United Copper jumped to 18% closing, trading 16,700 shares and Yukon Gold active at 5 to 6. Other Lawson stocks and copper-related names led gains while overall volume remained thinner near close.

Guggenheim United Copper Yukon Gold State Gas Lawson

Short Term Notes Bid Prices Close of Business

Bid prices in principal short term notes are listed with names and maturities including Chesapeake & Ohio Ry Co Interborough Rapid Transit and Pennsylvania R R. figures show bids and asks across multiple issues along with some government bonds and stock quotations. The data includes dates such as 1919 and 1915, and exchanges referencing Atlantic Coast Line and Lake Shore & Michigan Southern among others.

Reer & Tel. Co Atlantic Coast Line R. R Merton Chesapeake & Ohio Ry. Co Case Indiana R. x Pacific Ry Chi Louisville & Nashville Bey Pot Colo Nas Hen Eas Gan Central R. R St. Louis R. R Central R. R

Calendar for today books close annual meeting note

United States Cast Iron Pipe and Foundry Co. preferred. National Enameling and Stamping Co. announce calendar items with books closing and an annual meeting noted.

United States Cast Iron Pipe and Foundry Co National Enameling and Stamping Co

Money and exchange rates on the Stock Exchange

Money on call on Stock Exchange loaned at 1 1% closing at 1% Most loans at 1%. Time money rates 2% sixty days 24% ninety days 314% four months 34 3% five months 8% six months mercantile paper 84 4% sixty ninety days 4 4% four to six months single names 5% others Clearing House exchanges 128,606,442 balances 5,018,846. Debits 1,180,404. Local banks gain 1,065,000 since Friday vs 1,591,000 last week. Sterling demand 4.8645 4.8655. New York exchange Boston 15c discount Chicago 100 premium St Louis par New Orleans discount 1 to 1.23.

Stock Exchange Mercantile Clearing House Sub Treasury Sterling Exchange Reichsmarks Guilders

Silver Quotations Decline in London and New York

Bar silver was quoted in London at 244 an ounce and in New York at 2c. Mex ee dollars were 4c.

London New York

New York City Bonds Closing Quotations

Closing quotations for New York City bonds compared yesterday with those of Saturday. Listings include May 1957, November 1957 and November 1955 issues with bid and asked prices and percentages. Interchangeable registers and coupon or registered notes noted. Swit & Company's fresh beet sales in Newark city averaged 7.68 cents per pound for the week ending August 6.

New York City Raturday Swit & Company Newark City

Railroads report earnings for mid year 1908

July fourth week earnings show Great Southern and others with figures for gross, expenses, and net. Entries include Great Western, New Orleans and Pacific, Georgia Southern & Florida, Kansas City Railway and Light, and Pacific Coast Company with year over year comparisons and twelve month totals.

Great Southern Chicago Great Western Ois NEW Orleans & Se Pacific Georgia Southern & Florida Kanbas City Railway and Light Company Ieee Pacific Coast

Treasury balances report shows assets and funds

The Treasury opening today lists gold coin and bullion at 150 million dollars, trust funds to redeem outstanding certificates at 521,972,800, silver dollars of 1890 at 869, and a general fund of 190,490,748. Deposits in national banks total 129.1 million, Philippine Treasury at 448,731, awaiting reimbursement 824,799, and current liabilities 123,203,649.

Philippine Treasury Alithen Seesavne

Chicago Stock Market Activity On The Local Exchange

Special to The New York Times reports Chicago trading opened with Telephone as the most active issue rising to 141 over 139. People’s Gas advanced to 96 while several issues eased. Afternoon gains lifted Telephone toward 150 with a close near 148, and American Can shows common at 65 and preferred at 62 amid mixed list movement.

New York Times Chicago American Can Illinois Brick Nat. Biscuit Pf People’s Gas

Trading in Baltimore Clears Active Rail Securities

In Baltimore on August 10 United Railways securities led gains with consolidated 4s rising and funding 5s firming. Atlantic Coast Line 4s showed strength amid widespread stock and bond activity, with notable quotes and figures for several issues including Unit Railway bonds and city bonds in the daily trading roundup.

Baltimore New York Times Baltimored United Railways Atlantic Coast Line Citizens’ Bank Con. Gas B.L. & P. Iheisey Houston Oil Maryland Casualty Union Bank

Produce Exchange Stocks Summary

Principal transactions reported yesterday in the stock department show opening high low and closing prices for items including McKinley-Carr at 0.875, Branch M Mint at 0.04, with other entries partially unreadable yet indicating mixed activity in produce exchange stocks.

the Produce Exchange McKinley-Carr Branch M Mint

Also Mentioned on This Page

Plympton, Gardiner & Co William ST U. S. Steel Corporation A.B. Leach& Co Broadway, New York Bertron, Storrs Griscom Wall Street W. Yorka ERS Philadelphia Securities N.W. Harris & CO Bankers Pine Street William New York New Orleans Ba Y and Light Co Arthur H. Jones & CO Cort Broadway W. L.lyons & CO York Cotton Chicago Board of Tradesville Stock Exchanges Exchange Place Cor Spring Louisville Keller Building St. Louis San Francisco A.A. Lisman & Co Broad ST Simon Borg & CO Bankers Nassau St Investment Securities William P. Sonbright & Co N. Y. Stock Exchange Broad &J. London George St Mansion House E. C Colorado Springs Colorado Dominick & Dominick Cartlandt New Amsterdam Gas 5S L. J. Hepburn Orate Wes Hornblower & Weeks Kers & Brokers Sini Boston West Brown Brothers & 60 Prescott Slade Philip Boyer Slade & Boyer N. Y Tel Broad York LA_ROSE Nevada CONS Greene Cananea Feweer Nat’s Copper Jas British Columbia NEW Yok Nounb J. Thomas Reinhardt Exchange FL American Smelting Amalgamated Copper National Lead Amalgamated Milwaukee & St. Paul Reading Southern Pacific Union Pacific United States Steel St. Paul’s Butte St. Paul Interborough Financial District Imperial Bank of Germany Mhaig Arte Ange Isid Ask Allis-Chalmers Allis-Chalmers Pf Amalgamated Cop Ky Rly Amer Car & Foundry Hide & Leather Hide & Leath Ice Securities American Linseed Pf Amer. Locomotive Amer. Smelt Am. Smelt Coe Am. Smelt. Sec. Pf. B Am. Steel T.r Am. Steel Fo. Pf. T.r New American Snuff American Tel Amer. Tobacco Pf Atch Top. & S F Pf Atlantic Oast Line Toe Baltimore & Ohio Vow Batopilas Mining Bethlehem Steel Bethlehem Steel Pf. - P4ly Brook. Rapid Transit Brunswick City Butterick Co.j Canadian Pacific Central Leather Co al Co. Pf Central R. R. of N. J Chesapeake & & Ohio Chicago &Alton Chicago Gt St. P. Erts St. P.erts Northwestern Chi. UN. Tr.pf.t. Ae Clev Colorado Fuel & Fee Col. Fuel & Iron Pit Colorado Southern Col. South Colum. & Hock C.& I Delawae & Hudson Denver Rio Grande Den Tie Grande Des Moines & Fr. Pate Detroit United Distillers’ Securities Duluth Dul Erie Shudecusace i Sencetece General. Electric Great Northern Pf G. N. Certs Havana H Electric Hocking Valley T. R Illinois Central Interborough-Met Interborough- Met BSI Harvester Pf Intern’s Iowa Central Iowa Central Peel A Bie Kan.c Ft. & NM Kansas City South Kan. City South Louisville & Nash Mackay Cos Mackay Cos. Pf Manhattan Elevated Mercantile Marine Pf Met Mexican Central Tr Minn St. P& S.S M.pf Kansas & Texas Kan Tex Missouri Pacific Nat. Enam. & Stamp National Lead Co Wee Lead Co.pf Nat. R Mex. Pf Erewkanee M. &S N. Y. Central N. H. & Hart Norfolk & Western North American Pacific N. P Pacific Mail Pennsylvania R. A C. & St. Louis Pittsburg Coal Rep Iron & Steel Iron & Steel Pt Rock Island Co Rock Island Co Pt Seees St. HF Louis St. la Southwest Sloss-Shef. S. & Iron Sloss-Shef South R’way Pf Tennessee Copper Texas & Pacific Texas Pac. Land Tr Third Avenue Tol St. L. & West Twin City R. Transit Union Bag &Paper Union Pacific Pi Express Cease Red U.S. Rubber Utah Copper Va.Caro. Chemical Buel Vr Iron, Coal & O Wabash Wabash Pf Western -Aryland Western Union Tel Westinghouse Ist Pf Lake Erie L. B Wisconsin Central Ou Tit Lo Chic Outside Securities Heinze Stock Tcoi Row FC Bay State Gas Fdy Gas & E Man Alaska M. Sec tAtlanta Golaf Brit. Col Butte Coalition Butte & N Cobalt Central Ariz. Sm Davis-Daly Es Dominion Douglas el Rayo Sadr Chco Giroux Gold Hill Goldfield Greene Gold Greene Gold-S Greene G.S. Pr Guanasto Con Guggen la Rose Consol Mex Miami Nip. Mines Co Belm't Trinity Copper Tayra Dey. Pt Union Mines United Cop Yukon G. M STO Virginia Ds Iruwn Bros & B Co Hide & L Ice Secur Waterborough Skesadees Perattia Vin Cscs Soonecees Wee Tovacce Caveess Shiela Voast Ds & Nash Mea Mym Sv & Nashv Atlan Balto de Ohio Wee Eee Tuer Lo Pac Collisseuri ‘Pac Ag LAM Fee Weens Y Air Brake Ceveeseee Ceeeers Srs HARE Chee Allis-Chalmerg Adams Fxp Steel Fdy British Col. Copper Central Foundry Chicago Subway Cumberland-Ely Dolores Dominion Copper First National Copper Goldfield Con Goldfield Daisy Manhattan Nate Greene-Cananea Guggenheim Explor Aees Havana Tobacco Houston of S.ecess la Rose Mines Co Miami Copper Penn Wyoming Consol del & H Woo Mick Tat Nh&hp Enane Cence Zg Joint 4A Nort Oo Ene BO Folk & Weath Sevcenn Don Ries Genelathetn Refut Rene BE Ccecca Boy GOD Chica Thor R. & N Cece Avenue Boo Oceanic BSG Oo & EB ‘Inc Seae Teading Gen Teading SB Tl ‘& Sfirr Ccsee Vccgeeet Hrie Cony van Gal, H Lep ueDo Cc Interboro Uuu Eogen Goles Pac Sera Ewes Necwesaks Oley Lemlanes OGO Erie Duc Rion Pac Tole Tion Pac Venee Esas Ceeee Cscaceee Ceeees Bof S ‘Steel Corp Cseere Ce Eee DFE Beenee Eens Yeees Eaesee Wes Tota Sas Apesae Shawnee Ingh el & M Si Beech Ee M.-S. T.pf Ain Nat B. Pf R. R. R. Pt Il Sts C. O Sm. D. Tel. A F. Pf Ann Arbor Or. M. Aie Ran Av. Ne SF Aah Stoc Lake Long Island Mah. Co Man, Beach Mer Consolidated Exchange Bui Ronda Pete Oa -Ban Brook R. Can Pac Ches Chio Col Corr Products Dist 'Securitie North” Pr Gt. Nor. & O Louis, & Nash Nat Norf.& West Nor. Paci People's Gas Presa Rep. Steel Rock Island Rock Isl South. Pac South. Ry Texas Pac Union Pacc.ci U. S. Rubber S. Steel U. S. Steel Pf Utah Cap Iz Uy Antasy Atlanta Ratopilas Blue, Bell Comstock Comb. Frae Diamondfield Little Chief Mont. Mount McNamara Ophir Red Hill Tonopah Pittsburg Crucible Steel Ind. Brewing Vee Ind Brewin Sereen Es Seve Interior Mining Ohio Fuel Mfrs Licht & Heat Steenweeees Pittsburg Brewing Pitts Iver Coal Seeees River Coal Ross Mining Bewer Pipe Esasessee Shone Eeseceres Union Switeaneee U. S. Steel Westingh Elec Pitts, Brewing Money and Exchange Washington Chicago Stock Market Mariu gSu Fru Produce Exchange Guardian Trust Company OF Frank W. Woolfc George W. Fairchil A. EB. G. Goodridge Lathrop C. Haynes Alfred M. Barrett Lamar Ross Transactiover and Trust Fulton OF New York M. Fweergti Wilson L. B. Wilson & CO Wall ST N.Y
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