Market Tales and Toned-Down Bearishness on Wall Street
Traders faced a mixed day as bears warned of a possible violent break while bulls awaited a sustained advance. Nervous positioning, chatter of a looming Smelters merger, Taft's speech at the Ohio Society dinner, and ongoing Stock Exchange probe dominated sentiment, with professionals weighing technical factors and overall national prosperity.
MENTIONED IN THIS ARTICLE
Ordary
Het
Mr. Taft
Ohio Society
Wer
Venezuela
Holland
Stock Exchange
Washington
Metal market: copper tin lead and spelter steady in London
The metal market remained lethargic with prices largely unchanged from Wednesday. In London spot copper rose 5s and futures 58 from Wednesday, while pig tin improved 2s 6d spot to £132 2s 6d and futures to £133 10s, lead steady at £15 3s 9d, spelter £20 15s, and Cleveland warrants steady at 49s 3d. York Metal Exchange spot bids and asks showed mixed readings versus Wednesday.
MENTIONED IN THIS ARTICLE
London
Cleveland
Co Ee
York Metal Exchange
Haere Na Hoo
Ikoo
Copper producers plan international smelting rivals
The Cole-Ryan group announced plans to build new smelters in the United States and Mexico to compete with the American Smelting Company. They aim to organize an international producers and refiners association, drafting a gentleman's agreement to stabilize copper prices and avoid trusts. William Rockefeller is named as a financier while Urban H. Broughton leads the Utah Consolidated Copper Company.
MENTIONED IN THIS ARTICLE
Cole-Ryan
Utah Consolidated Copper Company
Mexico
International Association of Producers and Refiners
Cole- Ryan
Urban H. Broughton
H. Hh. Rogers
Ryan
Cole-Ryan Group
Amalgamated Copper Company
United States Steel Corporation
William Rockefeller
American “Melting Company
Amalgamated
Copper Company
Ryatt
L. D.cketts
Greene-Cananea Copper Company
Wall Street
Lake Superior Copper Company
State Highway Bonds Sold at Premium in New York
State Controller Martin H. Glynn sold 5.9 million dollars of New York State 4 percent highway improvement bonds at a premium of 580 176.98. Prices ranged from 111.8291 to 113.025 with oversubscription seven and a half times and bids totaling 37.872 million. Major bidders included National City Bank, N W Harris Co, O Conner Kahler, August Belmont Co, ee Company, and Keech Loew Co along with several other New York firms.
MENTIONED IN THIS ARTICLE
Albany
Martin H. Glynn
New York State
National City Bank
N. W. Harris & Co
New York
W. B. Sager
Warwick
O’conner & Kahler
August Belmont & Co
Ee Company
Keech, Loew & Co
J. A. Guion
Langley & Lawrence
Seaboard National Bank
Moffatt & White, Farson, Son & Co
W. T. Meredith & Co
Skandia Insurance Company
Renskorf
Lyon & Co
Gilman & Clucas
First National Bank
Canton
E. N. Nearing
Brooklyn
Security Trust Company
Rochester
Union Trust Company
PIANO COMPANY TREASURER ARRESTED FOR LARCENY FORGERY
Frederick Kann treasurer of the Apollo Company a piano dealer at 102 West Thirty eighth Street was arrested at his home 547 West 157th Street on charges of larceny and forgery. Jacob Brothers claim title to the engagemen ges until payment, and Kann allegedly delivered a piano on trial to A Freund of 330 Third Avenue with a $585 check indorsed by Kann. The Apollo firm as seller acted as agent.
MENTIONED IN THIS ARTICLE
Frederick Kann
Apollo Company
West Thirty-eighth Street
Jacob Rote
East Fourteenth Street
West Thirtyninth Street
West 157Th Street
Coldridge
Jacob Brothers
C. Albert Jacob
Eee
Ame Woolridg
Kann
A. Freund
Third Avenue
Freund
European Markets Quiet Amid Demand and Floating Rates
In London on December 17 Christmas demand absorbed moderate money supply while discounts held firm on weak continental exchange. Paris trade was quiet with new issues drawing attention and rail shares weak on forecasted half year returns. Berlin saw firmer prices with higher American securities and overall cautious market activity.
MENTIONED IN THIS ARTICLE
London
Continental Exchange
Stock Exchange
Paris
Kraffirs
Enna
New York
Exchange
Berlin
Boerse
Bank of England Weekly Statement Changes
The Bank of England reports a £1,142,000 drop in total reserve and a £209,000 rise in circulation. Bullion decreased £933,054 while other securities rose £1,895,000 and other deposits grew £933,000. Public deposits fell £209,000 and notes reserve declined £1,079,000. government securities were unchanged. Reserve to liability ratio falls to 45.62 percent from 48.69 percent.
MENTIONED IN THIS ARTICLE
London
Bank of England
Thisveek
Bank of France weekly balance changes Paris
The Paris weekly Bank of France statement reports a decrease in notes in circulation by 18 625 000 francs with Treasury deposits up 3 225 000 francs and general deposits up 31 125 000 francs. Gold in hand rises 25 600 000 francs while silver in hand falls 2 300 000 francs. Bills discounted grow 11 150 000 francs and advances increase 1 275 900 francs.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Imperial Bank Berlin weekly statement shows changes
The Imperial Bank of Germany reports cash in hand up 18,66 0 marks loans up 12,727,000 marks discounts up 9,244,000 marks Treasury bills up 7,165,000 marks notes in circulation down 10,294,000 marks deposits up 70,622,000 marks.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Treasury
Cotton Market Rally Fades. Prices Steady to Mixed
Cotton prices rallied then weakened, ending with a small decline as demand cooled. Baltic and Liverpool buying supported January while May and July faced selling, with overall sales around 150,000 bales and spot markets steady to easy across Southern towns.
MENTIONED IN THIS ARTICLE
Liverpool
Gulf
Mobile
Savannah
Norfolk
Augusta
Galveston
New Orleans
Emphis
Houston
Weather forecast for cotton and grain states into Friday and Saturday
The Weather Bureau predicts generally fair conditions in North and South Carolina Georgia and Arkansas with colder air on Saturday. Southern states experience partly cloudy skies with protracted cold and moderating winds while the Midwest faces snow flurries in Indiana Illinois Michigan and Wisconsin and colder temperatures across Minnesota Iowa Missouri and the Dakotas.
MENTIONED IN THIS ARTICLE
Washington
United States Weather Bureau
North Carolina
South Carolina
Georgia
Alabama
Mississippi
Louisiana
Utah
Oklahoma
Arkansas
Kentucky
Ohio
Indiana
Illinois
Oracle
Cya
Lower
Michigan
Upper
Wisconsin
Minnesota
Iowa
Missouri
South Dakota
Nebraska
Kansas
Pittsburg Transactions Close on Local Exchange
Pittsburg reports the closing transactions on the local exchange for December 17. Traders showed active involvement with varied results across commodity and stock listings. Further details on specific securities were not provided in readable text.
MENTIONED IN THIS ARTICLE
Pittsburg
New York Times
Irving National Exchange Bank Meets for Directors Election
New York January 12 1909 annual meeting of Irving National Exchange Bank to elect directors and conduct other business. Meeting to be held at the bank room 92 West Broadway at 12 oclock noon with polls open from 11 A.M. to 3 P.M.Benjamin F Werner is named as cash officer.
MENTIONED IN THIS ARTICLE
Nassau St
New York
Board of Trustees
Henry W. Reighley
Beaver National Bank
New York City
New Fone Central & Hudson River Railroad Company
Ofice
Edward L. Rossiter
National Biscuit Company
F. E. Bugberf
Chesapeake & Ohio Railway Co Co
Ke ‘Ke & Ohio Railway Co
B. Wellford
Caribbean Development CO
Payside
William H. Coe
National Bank OF Commerce
Nework
Nassau Street
Borough of Manhattan
Neilson Olcott
Chatham National Bank
Broadway
Banking House
Borough of
Manhattan
William H. Strawn
Cashtier
Yukon Gold Company
Williamson & Burleigh
Water Street
Augusta
Maine
Chas. P. Lipman
N. Y
National Banking Association
Wall St
Wall Street
Chas. Olney
Cashier
Merchants National Bank of the
City of New York
Naaeinew
Fey
Joseph Byrne
Mexican National Packing CO
Mexican National Packing Company
Empire Trust Company
Meggrs Slaughter & May
Winchester House
Old Broad Street
London
England
Mexican Nation Packing Company
Ing
Empire Trust Coi
Mégican National Packing Company
Thees Trust Company
Messrs
Slaughter & May
Mexico
Broad Street
Don
Verte
T. K. Scott
Henry Brewing Co
East 54Th St
An.uary
Arthur E. A
Jefferson Bank
Canal and
Forsyth Sts
Forsyth Streets
H. Devlin
Irving National Exchange
Tay
West- Broadwey
Benjamin F. Werner
Also Mentioned on This Page
Taft
Metal Market Reports
Chicago Stock Market
Chicago
Subway
Swift
International
F. Kann
London Exchange
Lon- N
Louis. & & Nash
U. Central
Pennsylvania
Southern Pacific
Union Pacific
U. 8
Steel Pl
Foreign Public Securities
Saxony
Hessian
Hamburg
City Oferlin
Cologne
Munich
Bowkseseess
Augsburg
Frankfort-on-Main
Vienna
Stratton’s Ind
Bank of Germany
Philadelphia
Reading
United States Steel, Rapid Transit
Lehigh Valley
Bell Telephone
Cambria Steel
Catawissa 2d Pf
Cecee
Col. Fuel & Iron
Elec Co
Cece
Philadelphia Co
Philadel. Co. Pt. Creee
Philadelphia Elec
Philadel Ras
Philadel. Traction
Orrae
Rock Island
Rock. Island
Tonopah Belmont
Tonopah Mining
Union Traction
S. Pf
Wabasheeee
Westmoreland Coal
The
San Francisco
Alta
Hale & Norcross
Wee Enereencsee
Andes
Belcher
Occidental
Best & Belcher
Cal
Sierra Nev
Imperial
Crown Point
Gould & Curry
Telegraph
Goldfield C. M
Tonopah Great Bendeeeweee
Belmont
Jim Butler
Kendall Aneeweeeee
McNamara
Lone Star
Oman Oe Midway
Mohawk
Iiontana
Red_ Hills eeeveces
North Star
Sandstorm
Dfield
Adams
Sence Atlanta
Bullfrog
Bluve Belleee Homestake
Bullfrog N. B
Diamondfield
Mage Low
Crucible Steel
Independent
Ind
Pittsburg Brewing
Tonopah
Union Switch
U. S. Steels
West
Electric
Penn. Pf
Pitts., McK
Manhattan Railway Company Consolidated
First
Moffat & White
de Ruyter Hollins Railway Equipment Securities
Washington Tre
Tel
Cort
Eegee
Union Pacific Railroad
Thomas Gibso
Boston
Philo
J. Thomas Reinhardt
Mass
American Cities Railway & Light Company
Jersey Bny N. J
L. Carroll Root
Cobalt Central Mines Company
Thomas J. Moloney
Treas
Union Exchange Bank
Dire
Fulton Trust Company of
Electric Storage Battery Company
Allegheny Avenue
19Th Street
Phila
Walter G. Henderson
the Mortgage-Bond Company OF
Liberty Street
M. C. Coggeshall
EEE Mines Company OF America
J. D. Tooker
Lawyers Mortgage Company
George
WM. H. Devlin
Hudson Realty Company
Samuel E. Jacobs
New York Life Insurance and Trust Company
Lincoln Cromwell
Hanover Nationad
al, Bank
City of of New
Crew
Sone Eeteck
OST
United Fruit Company
Exchange Place
State Street
State OF New York
Bankers Pine Street
William New York
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