Renewed Bull Demonstration Shocks Wall Street
Traders report renewed market activity driven by speculation over a likely presidential message to Congress and the pace of price increases in many shares. Wabash and United States Steel rise amid rumors of new finance and offbeat bets, while sterling and euro flows influence bond offerings and forecast a volatile year ahead.
MENTIONED IN THIS ARTICLE
Wall Street
Congress
Mary
Rock Island
United States Steel
Boston
Lmelight
Wiseacres
Coffee market steadies after unchanged open and mixed gains
The coffee market opened unchanged and closed steady with minor net decline and late selling reported around 200 bags. A Brazil banking accord on velorization loans carries marketing provisions, with discussions of large future sales and optional increases if prices rise.
MENTIONED IN THIS ARTICLE
Brazil
Wells FargoOrder to ShowCause on Freight Rate Injunction
Five of San Francisco's largest dry goods firms obtained a court order from Circuit Judge Van Fleet requiring Wells Fargo Express to show cause why a temporary injunction should not restrain rate increases. The case concerns an alleged 12 to 92 percent advance on 50 to 92 pound shipments between New York and Pacific Coast ports, amid a heated dispute over freight charges.
MENTIONED IN THIS ARTICLE
San Francisco
van Fleet
Wells-Fargo Express Company
New York
Pacific Coast
Eastern railroads seen improving outlook with rate talks
New York Central vice president W. C. Brown predicts steady, healthy gains for Eastern roads as seasonal weather improves. He cautions against significant equipment purchases until freight rate increases are decided, notes no traffic friction or labor trouble, and cites growing public confidence and fair state commissions.
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W. C. Brown
New York Central
Brown
Treasury earnings and balance report from Washington
The December 4 report outlines Treasury positions including a gold coin and bullion reserve of 150 million dollars and trust funds to redeem outstanding certificates totaling 865 million in gold coin, 488 million in silver dollars, and 4.6 million in silver dollars from 1890.
MENTIONED IN THIS ARTICLE
National Banks
Philippine Treasury
European Markets Mixed Amid Quiet Trading On London Paris
Reports from London Paris and Berlin describe a subdued day on European exchanges. Money demand moderate, discounts firmer, with Consuls and other securities wavering while Paris and Berlin show cautious optimism.
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London
Paris
Berlin
Stock Exchange
Peter
Hesa
Harriman
Tate
Alacount ii
New York Exchange directors and firm partnerships listed
The text notes 100 percent growth in deposits at Columbia Trust and lists new members elected to the New York Cotton Exchange. It also records a new copartnership of Bamberger Loeb & Co with offices at 25 Street and outlines domains of business. Additional notices include annual meeting dates for Valentine & Company Merchants National Bank and other corporate secretary postings.
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Columbia Trust i Pd
An. W. Hustace Hubbard
F. J. Frederickson
New York
Dom Oethat
Ernest Schernikow
Merchants’ National Bank of the City of
Wall Street
Joseph Byrne
Albany
State of New York
Comptroller
Buffalo Mines declares dividends amid stock record changes
The Buffalo Mines Limited announces a quarterly dividend of five percent and an additional one percent to be paid January 1, 1969, with stock books closed on December 16, 1908 and reopening January 2, 1909. George C. Miller is treasurer. Hudson Trust Company, 424 St. near Broadway, reports a three percent dividend payable January 24, 1909, with records December 24, 1908. Transfer books close December 24, 1908 and reopen January 4, 1909. Richard A. Purdy, secretary. Also notes a base stockholders meeting for the Butchers Hide and Melting Association on December 17 at 11 o'clock.
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Cane la
Epouee
Onted
Ntalania
Sherest
Buffalo Mines, Limited
Hureby
The
Buffalo 3 Fines, Limited
Transft
George C. Miller
Hudson Trust Company
Broadway
Richard A. Purdy
Seeee Butchers’ Ide
Smelting Association
Axzsodi Saree Tine Ioivectoey
International Sin
Ies Gall
Pee Rock
CEN Trust Company OF
New York
Manhattan Trust Company
Trust Company OF
Central Trust Pany OF
Savannash Trust Company
Cava Ras
City of
New N. Y
Common Council of the of
New Rochelle
N. Y
Common Council
Main and
Nee Streets
State of
Car Council
G. Rainsford
City Rochelle
City Hall
Rochelle
William G. Rainsford
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