Wall Street Ends Mixed as Sugar Surges and Bond Demand Rises
The market shows uneven strength with sugar stock among leaders as short covering fuels a rally. Analysts note better bond demand, scarce city issues, and improving underwriting mood, while savings banks report normal withdrawals and deposits. Time money eases slightly amid cautious optimism for a solid bank statement.
MENTIONED IN THIS ARTICLE
Savings Bank
Cotton Market Reports Weather, Demand and Prices
The Federal Weather Bureau forecasts clouds rain and winds for cotton states including Virginia North Carolina South Carolina and Georgia with Florida seeing fair conditions. Prices show a net advance and declines amid nerves. sales around 200 000 bales. Local and southern spot markets from New Orleans to St Louis show mixed steady and dull trading with prices around 11.40 to 11.64 for middling fibers.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Federal Weather Bureau
Virginia
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Lousinnas
Texas
Oklahoma
Arkansas
Tennessee
New Orleans
Canada
Ile
Mobile
Savannah Guiet
Norfolk
Galveston
Ige
Augusta
St. Louis
Conditions of Trade Report Mixed After Holidays
Correspondents of leading commercial weeklies note post holiday quiet in general trade and industry. Firms report stock taking and plant overhauls with many mills reopening next week while frontout reductions persist in key industries. Money markets ease, banks resume cash payments, and London lowers rates as Seaboard Air Line passes to receivership.
MENTIONED IN THIS ARTICLE
Dima
Iron Sand
New England
New York
Bradstreet’s
Seaboard Air Line
London
European markets reel as money stays easy and shares wobble
London on January 3 reports easy money and steady discounts as American shares rally then retreat. Copper gains buoy metal stocks while Diamond shares weaken and Grand Trunk traffic falters. New York steadies, Paris opens firm then falls. Berlin shows firmer tone with a bank statement shift. Bombay lifts discount rate to seven percent.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Wall Street
Canadian Pacific
Union, Pacific
Southern Pacific
New York
Paris
Berlin
Imperial Bank of Germany
Treasury
Philadelphia prices show narrow moves with scattered gains
Trading was limited to active stocks while bonds showed stronger demand. Prices moved narrowly with a few issues advancing slightly and others closing lower, among a list of names including Amal Copper, Cambria Steel, Lehigh Valley, Reading, and Penn stations.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Amal Copper
Brooklyn Rapid Tran
Cambria Tran
Wee Ht
Cambria Steel
Chicago Gt. West
Sts
Electric Co
Lehigh Valley
Lehigh Nav. T. Ctfs
T&s
Pennsylvania
Penn. Salt Cos
Penn. Steel Co
Penn. Co. Pf
Phila. Electric
Tonopah Belmont
United Cos
N. J
Tonopah Mining
Massachusetts Railroads Report Highlights State Systems
The Massachusetts Railroad Commission submits its annual report to the Legislature covering three rail systems and street railways. It notes increases in assets, mileage, debt, and expenditures, with lower passenger fares and freight rates, and more fatalities and injuries than 1908. The report mentions improved Boston & Albany Division performance for the New York Central.
MENTIONED IN THIS ARTICLE
Boston
Massachusetts Railroad Commission
Wess
Boston & Era
New York Central Railroad
Parsons Committee Approach Receives Conant Endorsement
Herbert L. Satterlee disclosed a Charles A. Conant letter endorsing the Knickerbocker Trust plan of resumption. Conant argues deferred deposit certificates would hold definite value as loan security, whereas in receivership they would be unadjusted, uncertain claims and unacceptable as collateral.
MENTIONED IN THIS ARTICLE
Herbert L. Satterlee
Parsons Committee
Knickerbocker Trust Company
Charles A. Conant
Baltimore Stocks and Bonds Close Steady on Light Trading
The Baltimore market closed easy after a slow session. Trading focused on bonds and listed issues with small block transfers. notable items include United Railways, Consol Gas, Western Maryland, and local banks showing modest activity and firmer quotes amid thin turnover.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
Colo
Southern
West Val Central
Glade
United Rys
Consol
Western Md
Hank
Third Nat. Bank
Companies Formed and Capital Increases in New York
Albany dispatch lists incorporations across New York firms including American Sheffield Silver Company with $500,000 capital and directors at 36 West 95th Street and 1,133 Broadway, Buffalo Timber Company at $100,000, Staatsburg Water Company at $25,000, and Greenwich Forwarding Company with $6,000. Also notes increases like Automatic Fire Signal Telegraph from $100,000 to $500,000 and Palos Chemical of Syracuse from $15,000 to $100,000 with listed attorneys and directors.
MENTIONED IN THIS ARTICLE
American
Sheffield Silver Company
New York
Calvin, Vos
West Ninety-fifth Street
George Grundy
Broadway
Frank E. Stupe
Buffalo Timber Company
Buffalo
Erie County
Ernest V. Paulovie
William H. Cowper
Eugene Warren
N. Y
Staatsburg Water Company
Staatsburg
Dutchess County
Capital
J. George Bodenstein
George W. Kidder
andTimothy Herrick, Steatsbore
Es Furniture Commercial Agency
William J. James, Jr
Frank H. Reuman
George H. Blinderman
Union Braid and Trimming Cmpany
Leon Greenberg
Rebecca Rosenblum
Morris Avenue
Isidor Sack
Mattinnewick Realty Company
Charles_F. Julig
Bushwick Avenue
Brooklyn
William J. Julig
Lexington Avenue
H. Schieffelin
West 122d Street
Greenwich Forwarding Company
Anna M. King
Arrochar
L. A. Lincoln Beglington
Exchange Place
Joseph B. Whitney
Second Place
National Fibre Company
Harrison C. Hall
West Twenty-third Street
Richard J. Vandergrift
Helen W. Vandergrift
160Th Street
McLaughlin-Hannon’ Construction Company
Harry T. McLaughlin
Fast Eighteenth Street
Thomas P. Immon
Carroll Street
Eugene A. Dupre
Linden Avenue
Forn Handle Manufacturing Company
Max Herschensohn
Hart Street
Samuel Fieldman
Vernon Avenue
Wolf Kamisky
Stanton Street
Abraham Witrcover
East 156Th Street
Henrietta Goldsmith
Wendover Avenue
Jacob I. Cucdolia
Washington Avenue
A. Bing & Co
New York Waist Company
Mervin
Corporations Chartered in Trenton and Camden
In Trenton on January 3 a group of new corporations were chartered. Kamas Shepherd Company of Camden with $75,000, Sparkler Development Company of Trenton with $125,000, Paragon Electric Company of Camden with $125,000, and Criterion Securities Company of Jersey City with $10,000 were formed, listing their incorporators and primary lines of business. Each entity aims to engage in trade or manufacturing activities including teas and cacao, electrical appliances, sugarcane products, and bonds.
MENTIONED IN THIS ARTICLE
Trenton
Kamas Shepherd Company
Camden
F. R. Hansell
P. Bidell
John A. MacPeck
Sparkler Development Company
J. K. Neagley
KE. L. Kern
H. F. Bicking
Heavy Imports in 1907 Show Large Appraised Value
The 1907 annual report of Acting Appraiser of the Port Henry M. Clapp notes the appraised value of imported merchandise entered at New York rose by about 67 million dollars from 1906 to 1907. Total foreign merchandise valued at about 855.3 million, with precious stones and pearls at 231.7 million. autos totaled 1,473 valued at 4.53 million. The rise was tempered by a drop in luxury stones, offset by cotton goods coffee metals and foods.
MENTIONED IN THIS ARTICLE
Henry M. Clapp
New York
Bank Directors to Be Elected in New York Notices
A series of bank notices from 1907 announce annual director elections and stockholder meetings in New York banks. Beaver National Bank, Jefferson Bank, National Bank of Commerce, National Bank of Commerce in New York and New Amsterdam National Bank detail election dates, meeting times, and proposed bylaw amendments including director counts and voluntary liquidation steps. The notices name cashiers such as Joseph V. Loughlin and William H. Devrin and indicate meeting locations at bank premises in Manhattan and surrounding streets.
MENTIONED IN THIS ARTICLE
Beaver National Bank of
City of
New York
Beaver and
Pearl Sts
City of New York
Pearl Streets
Latelack A. M
Board of Directors
Joseph V. Loughlin
Castier
Jefferson Bank
Canal & Forsyth Sts
N. Y
Canal and Foryth Streets
William H. Devrin
National Bank of Commerce
Nassau St
Nassau Street
Borough of Manhattan
New York City
William .C. Duvall
Irving National Exchange Bank
West Broadway
Benjamin F. Werner
NEW York Produce Exchange Bank
Broadway
John R. Wood
Merchants’ Nationat, Bank of the City of
Wall Street
New Y O.k
Articles of Association
Board of Direstors
Joseph Byrne
Edfa Produce Company
Te Te Hell
Cpniet
Hudson Street
Manhattan
State of New York
Abraham L. Lott
Rotary
Ders
Westchester
Webster A
Bronx Borough
Po Ketterer
Vehicla Realty Company
Webster Av
P.(. Ketterer
James M. O'Dea
Compeov
18Th St
Manhattan Borough
Tenoon
G. Murray Brulbert
Acme Furniture Company
WM. Liothy
Stockholders Meet Jan 14 1908 for Bank Director Elections
Numerous New York banks announce annual meetings to elect directors and inspectors of election on January 14 1908. Polls hours vary by bank, with transfer books closed around January 8 to 16. Banks include York Fidelity Trust Morton Hanover Plaza Plaza Bank and Empire Trust among others.
MENTIONED IN THIS ARTICLE
York
Third Avenue
WM. B. Frankenbach
Twenty-Third Ward Bank
City of New York
Ig Polis
Ane
A. M
George E. Edwards
West Side Bank
New York
Eighth Avenue
Walter Westervelt
THE
Bank OF America
Banking House
Wall Street
W. M. Bennet
Morton Trust Company
Nassau Street
H.M. Francis
Hanover National Bank
Nassau and
Pine Streets
P. Melmer KE. Whittaker
National Butchers and Drovers’ Bank of the City
Broadway
WM. H. Chase
Garfield National Bank
Twenty-third Street
Sixth Avenue
Plaza Bank
58Th St
E. M. Clarke
Empire Trust Company
Empire Tri
Rose
Wednesaday
WA. M
Uni
H. M. Gough
Colmbia Bank
Fifth Avenue
Forty-second Street
New -York
Griffith
Casifer
Consolidated Gas Company OF
Tis
R. A. Carter
Bronx
S. PL M
National Butchers and Drovers Bank
Hale
Associated Merchants Company
Hell N
Moses -Ely
Northern Securities Company
Liberty Street
E. T. Nichota
Greenwich Savings Bank S. E. Cor
James Quinlan
Charles M
Dutcher
Treas
Hampden Robb
Also Mentioned on This Page
Havemeyer
Cotton States
Bombay
Bank of Bombay
Foreign Public Securities
Saxony
Hamburg
Ale
Cologne
Munich
Augsburg
Frankfort
Lon- Nel Noy
Don
Meg Ding
Atchison ewe + ag
Pacific
Wwe
Erie
Witnoisentral
Louis & Nash
Ries
Ate
Es Central
Union Pacific
Aga On
Diss Steel
Massachusetts Railroads
Chas. A. Conant
NEW York Incorporation S
Albany
Incorporated
New Jersey
Banks and Trust Companies
Amsterdam National Bank
Erecever
Eldredge
Bank OF New York National Banking Association
Chas. Olney
Fidelity Trust
Fidelity Trust Co
Chambers and Hudson Streets
M. ANDREW _H. MARS
Fourteenth Street Bank
East 14Th Street
Louis V. Ennie
Marke and Fulton Natonal Bank
Stow ix
Charles Frederick Hoffmantine
Newess Broadway
N. Y. Wity
Tevelock
BE. H. Rogers
American Journal OF Nursing Company
Eastd St
United States Rubber Company
Transfer Bucks
John J. Watson
the International
Pneuma I¢ Tube Company
Mu Balth
Riffo
Phila
Pneumatic Transit Company
United Gas Improvement.co
NXW
Cor
Broad and Arch Lts
Lewis Lillie
EmPire Crust
City Tims
Associated Trust Companies
Estor
Municipal
Railroad and Corporation
N. W. Harris & CO
Sankers
Pine Street
William
Franklin Seclety Amneutiers
Sdelety
Franklin Society
Itpsne
Beekman
Southern Pacific Railroad
Equitable ‘Trust
New-York
Agi
Ierpany
Southern Pacific Hraulroad Company
J. L. Willcutt
Notte
Unitéd SF Mortgage and Trust Co
Cedar Street
George W. Young
Bros ., Shinley
A. Lotden
Heston
Messrs
Broitn Brottess & Sloe Philade
BAY State Gas
Mintmur Ormission
Harry J. Fitzpatrick
Place
Honove
Central 1 Foundry Company
Toampany Ceiive
Edward HH. Fennessy
Treseurer
Dry Dock Savings Institution
Bowery, Cor
Andrew Malliss
Charles Miehling Retary
WM. F. Batters
St. Secretacy
Bank For Savings
Fourth Avenue
Board of Trustes
Alt Sun
Iberetés
Jana
Murde Om
Tvs
Walter Terisni
E. Urestient
Charles A. Sherman
James Knowles
Union Dime Savingsnstration
Avenue
Greeley
Tice
Paz
Janis
Jn Yices Arles B. Spragle Prangs
M. Leaer
Tren Wildstam
TrOss
Seears
NEW York Savings Bank
N. W. Cor
Sth
Akg
William Falstinger
James I
Apuhibald M. Pentz
Seamen's Bank For Savings
JO Wall Street
Lark
Dan . Barnes
George M. Halsey
Boweryv
Omar
Mt Idas
Sionday
Moner
Henwiy AL
United States
Stats Manterest
Thir Pare
Neh Des Ared
Aten Tva Hs
Citizens’ Savings Bank
Oh AX LS
Amma Cao
Ailos
Sinetron
Henry Wasler
Henry Say ¥Jak
Emit
A. Heber
North River Savings Bank
34Th St. Bet
Jany
Samuel D. Styles
Frederick N. Cheshire
Charles F. Turton