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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Aug 25, 1908
Page
9
Attendance rose as brokers faced a volatile Saturday market and possible Board of Governors action. Traders voiced anger at heavy selling by small customers and questioned collateral practices while a conservative broker refused to buy an uncertain stock for a seedy bidder, urging him to leave the financial district.
The coffee market declined yesterday due to easy European cables and abundant receipts, with liquidation and weak sentiment surrounding refinancing of valorization funds. Trade uncertainty dampened speculative support as Brazil’s weather eased frost fears, Havre rose while Hamburg dropped slightly, and Santos prices fell about 50 reis. Spot coffee stayed quiet at about 8 1/2 cents for Rio No. 7.
Global markets show ample money and steady discounts with Berlin and Vienna securing gold and lifting metal prices while New York trading remains narrow and weak after early gains. Paris opens firm, Berlin weakens, cotton prices ease with mixed regional spot sales and varied currency exchange near month end.
The weekly statement from the Imperial Bank of Germany shows cash in hand up 44.74 million marks. Loans and discounts fell by 15.33 and 5.68 million marks, Treasury bills declined 9.24 million, notes in circulation decreased 30.29 million, while deposits rose 40.44 million marks.
The cotton market opened unchanged but closed with a net decline of 1.8 points. Trades totaled about 150,000 bales as prices fluctuated on easy cables, weak English trade news, and Liverpool market weakness. Early activity cooled, then a partial rally faded as shorts covered and led by selling in later months.
Northwest receipts lagged Saturday while Southwest demand stayed strong, sending wheat prices down from Minneapolis and across the region. Total interior movement reached 1,279,000 bushels with sea board clearances at 674,000. corn prices fell on warmer Western weather prospects as trade was light and professional orders dominated.
The snippet lists two street addresses, 18 Bishopsgate St in London and 41 Boulevard Caiis in Paris, with no accompanying context or dates. The text resembles a damaged OCR fragment showing contact or location lines without a clear event or person.
Appraisal under Chapter 724 of the Laws of 1905 as amended seeks court approval of a highway system shown on a map for Kensico Reservoir construction. The Supreme Court Special Term in New York City will appoint three disinterested freeholders as Commissioners of Appraisal to determine compensation for parcels in Westchester and Mount Pleasant and North Castle towns. The detailed parcel descriptions reference map No. 1810 filed July 8, 1908 in White Plains and include numerous boundary courses across City of New York and Westchester lands for the project led by The City of New York Board of Water Supply. The hearing is set for September 20, 1908, at 9:50 o'clock.
The lengthy bearing and distance survey outlines substituted new road alignments within Mount Pleasant Town, detailing segment start points, curve radii, and course and distance figures for three strips. It notes the city of New York will require fees for parcels Nos 856 and related lots, referencing a map on file with Worcester County Register and the Pleasantville Road intersection points.
The Atchison Topeka & Santa Fe Railway Company offers 17 million dollars in bonds dated July 1 1908 with 110 redemption on three months notice. Coupon bonds at 1000 each or registered 1000 multiples, applications open 10 AM August 27 1908 at 94 percent price plus interest payable in instalments.Deposit of 50 per 1000 required. temporary receipts issued pending delivery.
Auction listing by Adrian H. Muller & Son for executor sale at Exchange Salesroom 14 and 16 Vesey Street on Wednesday August 26 1908 at 12 30 pm. Includes numerous securities such as International Power Co Union Pacific Wabash R R Am & British Mfg Co and United Copper Co shares and bonds with varied maturities and collateral details.
Erie Railroad Company states it will buy at par in cash all coupons due September 1 1908 from bonds mentioned. Offer valid at any time up to and including August 31 1908. J P Morgan & Co. confirms.
The Committee reports that over 60 percent of outstanding first preferred stock and over 35 percent of second preferred stock for voting trust certificates have been deposited under the July plan. September 1908 is fixed as the deposit deadline with Central Trust Company of New York at 4 Wall Street, New York.
In New York on Avenue 24th the partnership notice records Charles R Dalgleish joining or altering the interest in the firm Willard & Co effective this date.
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