Wall Street Sees Market Strength Sustained Amid Neutral Mood
Brokers report an aggregate mood of cautious optimism as stocks rise on the previous day. Analysts debate big interests’ influence and the likelihood of a sustained rally while Bank of England and French rate moves spark talk of future actions.
Superintendent Kelsey orders recall of insur ance bonds used as bank assets
State Superintendent Otto Kelsey prohibits insurance company bonds loaned to National banks for use as collateral for Government deposits. Banks must withdraw such bonds immediately or they will not count as assets. The move comes amid a surge in Government deposits and debate among bankers.
MENTIONED IN THIS ARTICLE
Otto Kelsey
Secretary of the Treasury
Supt. Kelsey
Supt
Kelsey
State Insurance Department
Insurance Department
Insurance Corporations
Stock Exchange and business moves noted in city reports
Chalmers Wodd Jr and Philip Lehman elected to the Stock Exchange. People's Gas Light and Coke Company holds its stockholders meeting February 10 with books closed January 20 and reopening February 11. A. O. Brown & Co lease space at Johnston Building for long term as Whiney Company of North Carolina sets headquarters there. London Exchange Committee sets data for Boston Consolidated Copper and Gold Mining, Central Uruguay Railway, and Mexico Tramways Company listings with specified share details.
MENTIONED IN THIS ARTICLE
North Carolina
F. Buchanan
London Stock Exchange Committee
Boston Consolidated Copper and Gold Mining Company, Ltd
Central Uruguay Railway Company of Monte Video, Ltd
Interborough-Metropolitan
Interborough-Metropolitan Company
Broadway
Borough of
Manhattan
City of
New York
H. M. Fisher
Kissena Park Corporation
New York City
Wells
Zohn W
Paris
Sec
Central Union Gas Company
Alexander Av
Global Market Summary From London To Bombay
Markets showed steady discounts in London with a firmer close despite Bank of England rate hold. Reading stock rose on New York support while Chicago Western lines feared distress weighed on progress. Paris and Berlin opened weak then firm, and Bombay raised Bank discount to 8 percent.
MENTIONED IN THIS ARTICLE
London
Jan
Stock Exchange
Bank of England
Chicago Great Western
New York
Smd
Bombay
Bank of Bombay
Bank of France Cuts Discount Rate to Eight Percent
Paris reports the Bank of France lowered its discount rate from four to eight percent. Weekly changes show notes in circulation fell 83,900,000 francs and Treasury deposits declined 107,850,000 francs. General deposits dropped 7,425,000 francs while gold on hand declined 1,850,000 francs and silver on hand 2,025,000 francs. Bills discounted fell 193,525,000 francs and advances decreased 5,800,000 francs.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Annual Bank Shareholders Meetings Across New York 1908
Notices announce the annual meetings of stockholders and election of directors for many banks and financial firms in New York City and nearby areas. Dates cluster around January 14th to 21st 1908 with elections, directors, inspectors of election, and transfer book closings noted for each institution.
MENTIONED IN THIS ARTICLE
National Bank of Commerce
New Jos
Nassau St
New York
Nassau Street
Borough of
William C. Duvall. Cashier
Mdprchants
National, Bank
Wall Street
Board of Directors
Joseph Byrne
Corn Exchange Bank
New York City
Banking House
William Street
Borough of Manhattan
Bank OF New York National Banking Association
M. Chas. Olney
NEW Amsterdam National Bank
E. O. Eldredge
Nineteenth Ward Bank
Fifty-seventh Street
Third Avenue
Joan WN. van Telt
Irving National Exchange Bank
West
Broadway
Benjamin F. Werner
German Exchange Bank
Janey
Osu Jowery
Edmund F. Swanberg
Bank OF America
W. M. Bennet
Twelfth Ward Bank
126Th St
Fourteenth Street Bank
City OF
East 14Th Street
Beteen
Louis V. Ennis
Hanover National Bank
Nassau and
Pine Streets
Elmer BE. Whittaker
Garfield National Bank
Twenty-third Street
Sixth Avenue
M. W. L. Douglass
Twenty-Third Ward Bank
Shar-hollersa
George E. Edwards
the Peoples Bank OF
Canal Street
Iaa
NEW York Produce Exchange Bank
John R. Wood
Nassau Bank
Edward Earl
National Butchers and Drovers’ Bank of the City of New York
Fifth National Bank
Cor
St. New York
Banking
A. Thompson
the Plaza Bank
THE
Plaza. Bank
St. Av
58Th St
the Market and Fulton National Bank
T. J. Stevens
Pacific Bank
C. Merwin
W. C. Phelps
Worden-Clarke Company
West Street
Brooklyn
Eckels
Tifft
Thos
A Ewing
James S. Cusas
Henry EB. Gregory
Board of Assessors
Manhattan
12Th Ward
West 1Th Street
Port Washington Avenue
Herman A. Metz
City of New York
Third Avenue Bondholders Lost Bay State Gas Certificate
Bay State Gas certificate No. 434,483 appears lost by F. Eisenberg of 132 Prince Street. John Doe, clerk, records the notification and seeks proof of ownership or replacement. Public notice urges claimants to respond to the issuer within the specified period.
MENTIONED IN THIS ARTICLE
Bay
F. Eisenberg
Prince St
Railroad and Reading Company declare midyear dividends
The Baltimore and Ohio Office of the Secretary reports a six month net earnings dividend of 2 percent on preferred stock and a 2 percent surplus dividend on common stock payable March 2 1908 to holders of record February 1 1908. The Reading Company also declares a 25 percent common stock dividend payable February 1 1908 to holders of record January 15 1908 with checks sent to those who filed dividend orders.
MENTIONED IN THIS ARTICLE
Baltimore & Ohio Railroad
Reikiner
Hhe
W. Woolford
Office OF
Reading Company
Miladelphia
Jamascy Sd
R. Taylor
Bank of England Weekly Statement Shows Reserve Increase
The Bank of England reports an overall reserve rise of 2,800,009 pounds this week with circulations down 572,000 pounds and bullion up 2,227,745 pounds. Other securities fell 13,043,000 pounds and public deposits declined 2,291,000 pounds while notes in reserve rose 2,696,000 pounds and government securities increased 5,4?00. The bank’s reserves stand at 48.15 percent of liabilities versus 35.62 percent last week.
MENTIONED IN THIS ARTICLE
Bank of England
Jas Bank of England
London
Imperial Bank of Germany reports changes in cash and notes
The weekly statement shows cash in hand up 64.5 million marks and treasury notes up 220 thousand marks, while other securities decline 197.06 million marks and notes in circulation fall 170.0002 million marks.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Treasury
Mining Stock Quotations From Tonopah and Goldfield
Goldfield and Tonopah exchanges list closing bids and asks for numerous mines and brokers. Notable entries include Toone State 02, McNamara 14, Midway 81, Sandstorm 3 and Pullfrog group among others with prices and market activity across Goldfield Manhattan areas and Bullfrog prospects.
MENTIONED IN THIS ARTICLE
Tonopah
Goldfield C
Belmont
Tohtumba
Golden Anchor
Kendall
Jim Butler
E.s
Toone State
McNamara
Mohawk
Midway
Red Hills
Montana
St. Ives
West
End
Goldfield
Manhattan
Pakerslaathe
Atlanta
Blue Bell
Aero Eigen Bog
Montgomery Mt
Diasion Iftela Secory
New Yorkienes
Colorado Springs
Col
Exchange Today
Acacia
K. N
Tsahella
Dante
McKinnay
Portland Hea Ae
Dr. Jackpot
U.G. M
Copper and metals close mixed in London and New York markets
Copper shows nominal gains in London with spot up 5s and futures 10s, while Pig tin and lead shift modestly. Spelter and iron warrants hold firm, Middlesboro slips, and New York Metal Exchange bids and asks are listed for copper and other metals with small day-to-day changes.
MENTIONED IN THIS ARTICLE
London
Standard Foundry
Middlesboro
New York Metal Exchange
Lake
Laveen
Treasury balances and receipts reveal large gold and silver holdings
The Treasury report shows today’s redemption of national banknotes at 1,202,971 and government receipts from Internal Revenue 657,720 Customs 1,095,202 and miscellaneous 157,520, with expenditures totaling 2,440,900. Gold coin and bullion fund stands at 150,000,000 with trust funds for redeeming outstanding certificates at 11, etc.
MENTIONED IN THIS ARTICLE
Washington
Philippine
Treasury
London Paris Letters of Credit Bills of Exchange
A note lists financial instruments and locations including 18 Bishopsgate Street in London and 78 Rue de Richelieu in Paris. It mentions letters of credit bills of exchange and cable transfers in a cross border finance context.
MENTIONED IN THIS ARTICLE
London
Paris
Bishopsgate St
Rue de Richelieu
Also Mentioned on This Page
Public
Albany
Exange
Exchange
Consolidated Exchange
Car & F
Ohio
Brook
Pacific
Ches, & Qhio
Chi. Gt. West
Col. Fuel & I
Lang
Louis Oe Nash
Mah & T
Penn Iwania
Tel Ma Sg Tt
Southern Pac
Rnien Pacific
Steel Pt
Sut
Wests Union
Sisson
Atlantic
Patelas
Hale & Nor
Mont Mt
Alih
Ain Pharmacist
Ane Portland
Chicago Stock Market
New York Times
Chicago
Watt Biscutt
Swift & Co
Nor Swifts
Chivas
Chik Subway
Chiko Telephone Renee
Edison
National Biscuit Ae
Og National Icuit
ars-Roebuck
Seas
United
Financial Notes
Foreign Public Securities
Banks and Trust Companies
Hudson Trust Company
West 42d Street
Henry C. Strahmann
T. Martin
Fidelity Trust CO
Chambers and
Hudson Streets
ANDREW_ H. MARS
Morton Trust Company
SP. M
H. M. Francis
William Milne
Cashier
Coasolidated Gas Company OF New York
Irving Place
Thismeany
BR. A. Carter
Secretar Netchell
Schiller & Barnes
Albert Blackburne
Colonial Assurance Wonx
City OF New
York
Janu
Cedar Street
Edward E. Hall
Queen Anne Realty CO
Pine St
Eldg Mtion
Frank X. Barnes
A. W. Hillebrand CO
Metropolitan Street Railway Company
Farmers’ Loan and Trust Company
Fifth Ave
Edwin S. Marston
Edwin M. Bulkley
John W. Castles
Dumont Clarke
Robert Y. Hebden
Otto. H. Kahn
Frederick, Geller
Wiliam Street
Southern Pacific Railroad Co
Equitable Trust Company of New York
Southen Pacific Railroad Company
Southern Pacifico - Railroad Company
J. L. Willcutt
Vandalia Railroad Company
Pittshu
Indianapolis and Vincennes Railroad Company
Isvs
New Rant
Luimm wWity
T.H.B. McKnight
Consol
Ceeenrseee
Munich
City of Augsburg
Aeenee
Frankfort-on-Main
ROY
A. Edward Woodruff
Coundel
Trinity Building
United States Steel
Myer Vers
Telephone
Bryant
Department of* Water
GAS and Electricity
Cho
Borough of Brooklyn
High Pi
Fairman and
Jeralemon Streets
John H. Curlen
Wat Gas
Tiedri
Firs Department
Empanies
Queers
Jang Island
Jamaica
Richmond Hill
Rockaway
Brawks
J .Lansthry
Khaway
City Hall
Ew York
Vo Sturoughn
Arhattan
Isom
Rious
Sea City
Henry $. Thompson
Loney N.Y Netdon
Ais
Anaconda
Atchison
Pac Sone
Paul
Castle
Erie
1, Lou, & Nash Wee
Pennsylvania
U ‘S. Steel Aeere
U. S
Uy S. Bteel Pf
San Francisco
Alpha
Julia Steerocsesers
Andes
Justice Senor
Conal & Va
Savage
Imperial
Sierra Nevada
Ural
Gould & Curry Hale & Norcross
Metal Market Reports
the Treasury Balances
Fifth Avenue
Cin
Chi
St. L. Ry. Co. Cin
Ind
St. L. & Chi
General Mor
New York State
Moffat & White, Bankers
Long Island
As A Trust CO
Temple Bar
Borough Hall Station
Franklin Society
Matla
Tne
Franklin Society For
Beesman Street
Onnesite
Citizens’ Savings Bank
Bowery
Canal ST. Mitie
Mths
Encink Berermober
Pon Moners
Henry Hasler
Henry Sayler
Emil A. HR
North River Savings Bank Interest Creditea
Samuel D. Styles
Frederick N. Cheshire
Charles F. Turton
Tage
Senet Union Dime Savings, Institution Broadway
ST. Pal Ree Avenue
Greeley Square
Charles B. Sprague
Francis M. Leake
William 3. Roes
NEW York Savings Bank
N. W. Corith St
8Th Avenue
William Fellinger
James L. Wandling
Archibald M. Pentz
East River Savings Bank
N.Y
Ramsay
Chas. A. Whitney
E. Cor
James Quinlan
E.harles M. Dutcher
Treas
J. Hampden Robb
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