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This newspaper page contains 13 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jan 04, 1908

Page

13

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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