Wall Street Focus on Good News After Bank Rate Cut
Market cooled initial losses with a late rally as the Bank of England rate cut boosted sentiment. Traders eyed Seaboard receivership and possible actions on Union Pacific and Southern Pacific while bankers weighed weekly reporting rules and the risk from Washington.
MENTIONED IN THIS ARTICLE
Bank of England
Seaboard
Washington
Union Pacific
Southern Pacific
Securities Auction Report From the Exchange Salesroom
Securities disposed at auction yesterday at the Exchange salesroom 14 16 Vesey Street Adrian H Muller & Son auctioneers include 5794 Brunswick Site Company at 10 a share 50 Union Tyrewriter Company at 190 each 60 11485 100 claim against Knickerbocker Trust Company for money on deposit 65 2676 56 100 claim against Knickerbocker Trust Company for money on deposit pay check 1504 10 Carnegie Trust Company at 100 each 1504 10 Carnegie Trust Company at 100 each 5014 5 Carnegie Trust Company at 100 each 150% 6 Carnegie Trust Company at 100 each 150% 5000 Lackawanna Steel Company 5 per bey notes due 1909 89 5000 Lackawanna Steel Company 5 per cent notes due 1910 800 shares Acme Manufacturing Company at 10 each 200 lot 28 Carnegie Trust Company at 100 each 163% lot.
MENTIONED IN THIS ARTICLE
Vesey Street
Adrian H. Muller & Son
Uctioneers
Brunswick Site Company
Union Tyrewriter Company Common
Knickerbocker Trust Company
Acme Manufacturing Company
Carnegie Trust Company
Foreign Market Notes From London Paris and Berlin
Money eased on London market as discount near Bank rate. stocks rose on improved monetary outlook and Bank rate cut to 6 percent. American shares softened before rate news then firmed. De Beers weak on trade rumor. Paris stock exchange opened hesitating then firm on Bank of England rate cut. Berlin market listless then improved with rate reduction.
MENTIONED IN THIS ARTICLE
London
New York
Seaboard Air Line
de Beers
Paris
Bank of England
Berlin
London brokers cheer as bank rate cuts to six percent
London traders celebrate after the Bank directors reduce the bank rate from seven to six per cent. News reaches the Stock Exchange before noon with bets already laid against a decrease. Some expect a further cut to five per cent this month, pending America's response to the move.
MENTIONED IN THIS ARTICLE
New York Times
London
The
Stock Exchange
America
Bank of
France
Bank of England weekly reserve figures rise
London January 2 showing increases in total reserve by 1,792,000 and public deposits by 1,937,000 while bullion and other securities gain 7,778,000 and notes reserve climbs 1,448,600. Government securities rise 1,040,000 as the bank’s reserve ratio edges up to 20.20 percent from 20.19.
MENTIONED IN THIS ARTICLE
London
Bank of England
Bank of France weekly statement shows notable shifts
Paris notes in circulation rose 266 million francs while Treasury deposits fell 11.9 percent. Gold holdings dropped 14.75 million francs and silver decreased 0.85 million. Bills discounted rose 34.525 million and advances increased 25.125 million francs.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Maye
Treasury
Cotton Market Weak as Prices Slip in New York Report
The Federal Weather Bureau foresees Friday and Saturday winds across cotton states with light to variable conditions. The market opened easy and declined, closing with a net loss and about 225000 bales traded. spot quotations eased while Southern markets showed mixed but mostly steady activity at low middling and Gulf levels.
MENTIONED IN THIS ARTICLE
Washiington
Federal Weather Bureau
North Carolina
South Carolina
Georgia
Astern
Florida
Alabama
Mississippi
Louisiana
Texas
Oklahoma
Arkansas
Tennessee
Renegal Bee
Liverpool
New Orleans
OSS
Prnseiul
Vine
Pvi Ple Oie
Gulf
Galveston
Mobile
Savannah
Norfolk
Augusta
Memphis
St. Louis
Houston
New York Central Names New Legal Heads in Reorganization
Ira A. Place announced a department reorganization at the New York Central Lines naming Clyde Brown General Solicitor Charles C Paulding and Alexander I Lyman as General Attorney with A H Harris as General Counsel for the fines. Paulding is nephew of Senator Chauncey M Depew.
MENTIONED IN THIS ARTICLE
Ira A. Place
New York Central Lines
Clyde Brown
Charles C. Paulding
Alexander I. Lyman
A.H. Harris
Newman
New York Central
Mr. Paulding
United States
Chauncey M. Depew
Copper and metals rally slip in London and hold on New York
Metal Exchange show copper gains across all grades by a cent at New York while London copper weakens with spot and futures each down 10s. Lead rises to 14 12s 6d and spelter gains 7s to 19 17s 6d. Tin holds near 26 25 and 27 50 with mixed bids and asks as markets diverge.
MENTIONED IN THIS ARTICLE
Metal Exchange
Lake
London
Standard Foundry
Middlesboro
New York
Ines J
Wlake
Stock Exchange Firm Changes Echo New Partnerships
Announcement of partner retirements and new partnerships on Jan 1 notes Harris Kk. Smith’s retirement from Thomas L. Manson & Co. with a new six member firm. Winslow & Co. forms on Wall Street for bonds and stocks. Vernam & Co. dissolves by mutual consent. Inman retires from Inman Swann & Co with Frederick C. Inman admitted.
MENTIONED IN THIS ARTICLE
R-Ead
Harris Kk. Smith
Stock Exchange
Thomas L. Manson & Co
Thomas L. Manson’ &Co
Broadway
Thomas L. Manson
Herbert S. Carpenter
John A. Black
Henry ©. Jeullerton
Timothy F. Allen
Vance Ss. Manson
Francis D. Winslow
Stock. Exchange
Thomas F. Pattterson
Kenelm Winslow
General Commission
Winslow & Co
Wall Street
Albert H. Vernam & Co
Albert H. Vernam
Merchants' National Bank to Elect Directors in January Meeting
New York December 12 1907 annual election of Directors to be held at Banking House 42 Wall Street January 14 1908 at noon. Stockholders will also meet to amend Articles of Association to set number of Directors between eleven and fifteen with twelve currently, and to transact other business. By order of the Board Joseph Byrne cashier.
MENTIONED IN THIS ARTICLE
New York
Merchants’ National Bank of the
City of
Wall Street
New Yok
Enk
Board of Directors
Joseph Byrne
Milwaukee Electric Railway and Light Company
Broad Street
Milwaukee Electric Railway & Light Company
Public Service Building
Milwaukee
Wisconsin
Silas W. Burt
2 National Bank
Bank OF New York National Banking Association
M. Chas. Olney
Fidelity Trust CO
Ne York
Chambers and
Hudson Streets
Andrew H. Mars
Nineteenth Ward Bank
Fifty-seventh Street
Third Avenue
John N. van Pelt
Mutual Alliance Trust Company OF New York
Hanover Square
Beaver Street
W. F. H. Koelsch
Fleischmann Realty and Construction Company
Broadway
Borough of
Manhattan
New York City
Gustav J. Fleischmann
James Stern
Lawyers Mortgage Company
Liberty Street
Lawyers Title Insurance and Trust Company
Cecil C. Evers
Century Bank of the City of
Fifth Av
20Th St
N. Y
Bank
S. Mitchell
Irving National Exchange
West Broadway
Benjamin F. Werner
Bank OF America
Pebaiee
Banking
Wall Stre
W. M. Bennet
NEW York Produce Exchange Bank
John R. Wood
Morton Trust Company
Nassau Street
H. M. Francis
Hanover National Bank
Nassau and
Pine Streets
P. Melmer FE. Whittaker
Worden-Clarke Company
West Street
Brooklyn
Eckels
Acme Furniture Company
West 23d Street
Ethelber Belknap
A. J. Crawfor Company
A. J. Crawford Company
Fifth Avenues
Thomas J. Devoe
Charles Craske Company
Pearl St
Warren C. Clolse
NEW Amsterdam National Bank
E. O. Eldredge
Annual stockholders meetings for Interborough Metropolitan and others
Notices announce the Interborough Metropolitan Company stockholders annual meeting on January 21, 1908 at 11:00 AM in New York to elect seven directors for three years and two inspectors of election, with transfer books closed January 21–22. Also notices for Nineteenth Ward Bank and Lawyers Mortgage Company annual meetings on January 15, 1908 to elect directors and address amendments or elections.
MENTIONED IN THIS ARTICLE
Interborough- Metropolitan
Interborough-Metropolitan Company
Broadway
Borough of
Manhattan
City of
New York
H. M. Fisher
Dividends Declared by Banks and Railways in Dec 1907
The Bank of America in New York issues a thirteen percent semi annual dividend free of tax payable January 2, 1908 for stockholders of record by January 2. Transfer books closed till January 3. The Chicago and Alton Railroad Co declares dividends of 2.00 per share on Cumulative 4% Prior Lien and 2.00 per share on Preferred Stock payable January 15, 1908 for holders of record January 4. Books close January 4 and reopen January 16. Checks mailed to addresses on file by book closure.
MENTIONED IN THIS ARTICLE
Bank OF America
New York
M. Bennet
Chiicago & Alton Railroad Co
Wall St
Tims
H. Davis
United States Rubber Company
Broadway
John J. Watson, JR
State Street
Boston
Mass
Charles A. Hubbard
National Licorice Company
W. Petherbridge
Office OF
Reading Company
Philadelphia
Ww. R. Taylor
Dividend notices and annual stockholder meetings date list
A compilation of company notices from The Century Bank New York to United Fruit Company and various others. It lists quarterly and semi annual dividends, payment dates in January 1908, record dates in December 1907, and upcoming annual shareholder meetings across firms such as Consolidated Gas, Nassau Bank, Pacific Bank, Plaza Bank, Worden Clarke, Reading Company, Acme Furniture, A J Crawford, Shefford Cheese, Mercantile Library, Hillebrand Co, and Charles Craske Company with locations in New York City and Philadelphia.
New Jersey Corporations Chartered in Trenton
On January 2 in Trenton the following New Jersey corporations were chartered: Brush McLaren Motor Company Newark capital 30000 to manufacture and deal in automobiles with incorporators Thayver McLaren Annie V McLaren and John Stern. Central Roller Rink Company Camden capital 10000 to operate roller rinks with Frank A Kunts Joseph Ju Butler and Francis Detweller. Du Bois Coal Mining Company Camden capital 176000 to mine with incorporators Q C Neal A H Dun and P J Smyth. A H Imayer Company Newark capital 50000 to act as plumbers steam fitters etc with Frederick A Hazelmayer John C Kinspel and Louis A Hazelmayer. Urban Realty Company Philippeburg capital 2500 to deal in real estate with W H Walters Y I B Reiley and J M Reese. Jersey Vacuum Cleaner Company Plainfield capital 150000 to manufacture vacuum cleaning apparatus with David T Kenny W G Besher and Thomas Ewing.
MENTIONED IN THIS ARTICLE
Trenton
Brush McLaren Motor Company
Newark
Thayver McLaren
Annie V. McLaren
John Stern
Central Roller Rink Company
Camden
Frank A. Kunts
Joseph Ju. Butler
Francis Detweller
du Bois
Coal Mining Company
Q. C. Neal
A. H. Dun
P. J. Smyth
A. H Imayer Company
Frederick A. Hazelmayer
John C. Kinspel
Louis A. Hazelmayer
Urban Realty Company
Phillipeburg
Rapital
W. H. Walters
Y. I. B. Reiley
J. M. Reese
Jersey Vacuum Cleaner Company
Plainfield
Capital
David T. Kenny
W. G. Besher
Thomas Ewing
Notice of Annual Meeting of Shareholders National Bank of Commerce
The National Bank of Commerce in New York calls its shareholders to the annual meeting to elect directors for the coming year. The gathering will occur at the banking house 31 Nassau Street Manhattan New York City on Tuesday January 14 1908 at 12 oclock noon. Polls open 12 to 1 PM. By order of the Board William C Duvall Cashier.
MENTIONED IN THIS ARTICLE
Shefford Cheese Company
Manhattan Hotel
New_York City
A. J. Howell
Mercantile Library Association of the City of
New York
Astor Place
Borough of Manhattan
National Bank of Commerce
Nassau St
National Bank of Commerce In
Nassau Street
New York City
William C. Duvall
Teo Coupon Holders Maturing January 1 1908 Bond Interest
Teo holders of coupons maturing January 1 1908 represent interest on bonds named in the list. The notice specifies the coupon owners and the associated bond titles for payment consideration.
MENTIONED IN THIS ARTICLE
Teo
Also Mentioned on This Page
Hugnt
Supt. Williams
London Brokers
Foreign Public Securities
Lid
Saxony
Hamburg
Cologne
Munich
Augsburg
Frankfort-on-Main
Mexan Governmen
Lon
Lon- N.Y
Wsse & Paul O
Illinois
Lou & Nes
Guy Pacie
Cotton States
N.Y. Central’s
NEW Lawyers
Road
Depew
Metal Market Reports
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
PARIB
Bishopsgate St
Norfolk & Western Railway Company
Moffat & White
Banks and Trust Companies
Railroads
United Traction CO
Pittsburgh
Iown Brothers & Company
J. Braun, JR
United Fruit Company
COMMON’ WEALTH _ FIRE INSURANCE CO
John M. Daggett
Twelfth Ward Bank
125Th St
Lexington Av
Lexington Avenue
126Th Street
B. French
Fourteenth Street Bank
East 14Th Street
Louis V. Ennis
Nassau Bank
NEW_YORK
Edward Earl
Pacific Bank
C. Merwin
Plaza Bank
Banking House
St. Av
Kissena Park Corporation
OHN
Sec’y
Consolidated Gas Company OF
Irving Place
R. A. Carter
Fiss, Doerr & Carroll Horse Company
East 24Th Street
Borough Manhattan
City of New York
Hiram M. Fuller
A. W. Hillebrand CO
No. 1
M. W. H. Greason
Incorporated
New Jersey
Norfolk & Western
Guaranty TruSt Company of
Bond Department
Columbia Lian Case
Core
Seaboard & Roanoke Railroad Company
Raleigh & Gaston Railroad Company
Raleigh & Augusta Air Line Railway
Carolina Central R. R. Co
Georgia, Carolina & Northern R. R. Co
Georgia& Alabama Railway
Florida Central & Peninsular R. R. Co
Florida Central & Peninsular Railroad Company
First Consolidated
Florida West Shore Railway Co
Seaboard Air Line Railway
Seaboard Air Line Railway Equipment Trust
Continental Trust Company
Baltimore
Maryland
Blair & Go
Broad ST
Empire Trust
Associated Trust Companies
N. W. Harris & CO. Bankers
Pine Street
William New York
Kidder, Peabody & Co
Wall Street, New York
Baring Brothers & Co
Itz
BAY State Gas
Bay State
J. Thomas Reinhardt