Wall Street Mixed on Market Prospects and Bank Rate Report
Traders faced a mixed mood as a late day decline unsettled those who expected further gains. Bank of England rate cut to 5 percent was treated as normal, with brokers noting money conditions clearing while copper shares faced a cautious outlook and a large MK&T drop signaled stronger selling pressure from professionals.
MENTIONED IN THIS ARTICLE
Bank of England
London
Stock Exchange
Missouri, Kansas& Texas
Colorado mining stocks close on Colorado Springs exchange
Special to The New York Times reports closing quotations on the local Colorado Springs exchange with bids and asks for Acacia Time Gold Dollar Portland Findlay United McKinney Dante Paso Isabella Wikton Vindicator and others showing varied levels of trading interest on January 16.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Acacia
Portland
Findlay
United
McKinney
iDante
Big &Yy
Irs
Paso
Wee Gees Oe
Isabella
Wikton
Vindicator
Delaware Charters Granted Include Five Firms
Special to The New York Times reports charters secured at Dover include the International Economic Corporation of Philadelphia with $100,000 capital, the Telmusic Company of Baltimore with $100,000, the Wilmington Hall of Wilmington with $30,000, the Western Land Company of Pittsburgh, and the Fidelity Investment Company of Wilmington with $5,000.
MENTIONED IN THIS ARTICLE
New York Times
Wwilmington
Del
Dover
International Economic Corporation of
Philadelphia
Capital
Telmusic Company
Baltimore
Wilmington Hall
Wilmington
Western Land Company of
Pittsburg
Fidelity Investment Company
Foreign Markets Report Mixed on Jan 16
London money supply easy but demand poor as Bank rate cut priced in. Giltedged and home rails weak while Paris Bourse holds firm with 8 percent private discount rate. Berlin trading weaker. American markets lack clear Wall Street lead and tumble uncertainty. Kaffirs and Premier Diamond Mining stock tilts down. Ear-silver steady near 25.4 cents.
MENTIONED IN THIS ARTICLE
London
The
Stock Exchange
Bank of England
Paris
Wall Street
Cortelyou
New York
Chicago
Milwaukee & St. Paul
Union Pacific
Eady
Bank of England rate cut signals easing monetary stance
London reports the Bank of England reduced discount rate from 6 to 5 percent as gold arrivals and cash return strengthen reserves. Open market rate slipped to 4.5 percent while Continental sterling bill purchases imply France’s gold loan may remain briefly. Zurich National Bank also cut its discount to 6 percent.
MENTIONED IN THIS ARTICLE
London
Bank of England
Bafik
South America
Lombard Street
France
Durin
Stock Exchange
Zurich
Bank of England Weekly Reserve Figures Slump Discount Cut
The Bank of England reports changes in its weekly statement with total reserve rising by 094,000 and circulation decreasing by 0 000. Bullion increases by 1,020,018 while other securities fall by 893,000. Public deposits drop 6a,000 and notes reserve rises 1,568,600 as government securities fall 2,000,000. The reserve ratio stands at 52.69 percent, up from 48.15, and the discount rate is reduced to 6 percent.
MENTIONED IN THIS ARTICLE
Ccccresces
Bank of France weekly statement reports mixed changes
The Bank of France weekly statement shows notes in circulation at 3,175,000 francs and gold on hand decreased by 175,000 francs. Treasury deposits rose, general deposits fell, silver in hand increased, bills discounted declined, advances declined, and the overall figures reflect several small shifts in assets and liabilities.
MENTIONED IN THIS ARTICLE
Paris
France
Frances
Treasury
Cessese
Dseceese
Soltaa
New York Firms Form as New Corporations in Albany
The Albany report lists numerous incorporations led by Charles A Schieren Company and B Barnard Inc both in New York City. Other newly formed entities include Burr & Starky Weather Company Rochester Clover Realty Walton Standart Silk Cortland United States Mail and General Press Company and Long Ted Building Company among others with capitals from 1 000 to 470 000 and named directors at varied addresses in New York Brooklyn Cortland Walton and Rochester. Increases of capital stock also noted for Iroquois Pulp and Paper Times Square Automobile Company with substantial boosts from 100 000 to 470 000 and 10 000 to 75 000 respectively.
MENTIONED IN THIS ARTICLE
Ccial
New York Times
Albany
Jag. Feece
Charles A. Schieren
Fast Seventy-ninth Street
Frank Lewis
Chrystie Street
Harris- Barnard
Pearl Street
New York
Burr & Starky Weather Company
Rochester
Monroe
Coraig
Edwin SS. Burr
Charles H. Dover
S. Walter McNall
West Tenrietta
N. Y
Clover Realty Company
Walton
Delaware County
Jerome J. Ae
Marion E. Travis
William F. Wh “Walton
Joe Standard Silk
Cortland
NL. Y
Capital
Richard J. Bourke
Orearntons Penn
Robert Bushby
United States Mat
General Press Company
Emanuel Lipkowitz
Avenue D
Leopold Ranzenhofer
East Tenth Street
Max Steindler
Stanton Street
Standart Mill and Lumber Company
Brooklyn
William Mulligan
Grove Street
Jeth, Nolan
P. E. Nolan
Eighteenth Street
Minter Lumber
Ompany
Long Island School of Dentistry
John R. Finch
Euclid Avenue
Hugo Lehman
Arthur HH. Lehman
Willoughby Street
American Play Co
Birertors
Marbury
Boi Cooper Megrue
Braeway
Archibald Selwyn
Broadway
van der Kieft & Ferguson
William R. Miles
Yose Avenue
South Orange
N. J
Charles F. Casanove
West 105Th Street
Isidor Kahn
Madison Avenue
Bella “Cata
East Eighty-seventh Street
Katchon Safety Guard Company
Willam B Logan
Fourth Street
Henry L. Moses
Morningesile Avenue
David Herman
Pitkin Avenue
Manhattan Chandelier Works
Max Morris
Crimmins Avenue
Oscar Bauman
Lewis Street
Isaac Sumpf
Cannon Street
Columbia Incorporating Company
John J. Pheelan
West 106Th Street
John Santora
East 104Th Street
Herbert Sparks
West 108Th Street
Jewett Realty Company
Nathan Cohen
Vernon Avenue
Moses Silverman
Grand Street
Max Kleinman
Atttorney Street
Isthmian Carnal Commission
Washington
D. C
State Street
New York City
Custom House
New Orleans
Baltimore
Equitable Trust Company of New York
Southern Pacific Railroad Company
Kissena Peri Corporation
Flien
Polis
Johns W. Paris
Ser “Peoples Gas Light Camp Company
Chicago
Peoples’ Gas Light and Coke Company
Adams Street
Michigan Avenue
Cordance
George C. Knapp
Consolidated Gas Company OF New York
Irving Place
R. A. Carter
Cotton Market Hits New Highs as Prices Rise Sharply
The Federal Weather Bureau forecast fair to warmer conditions across cotton states for Friday and Saturday, with notable gains in the market. Cotton closed with a 24.38 point advance and daily volume around 650,000 bales, amid export demand and interior stock movements. Southern spot markets showed firm prices across Mobile, Savannah, Norfolk, Augusta, St. Louis, Memphis, Galveston, New Orleans, and Houston with modest gains.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Federal Weather Bureau
North Rolina
South Rolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Ma Talib
Arkansas
Tennessee
Ceesss
Eesease
Econeege
Savannah
Norfolk
Augusta
St. Louis
Memphis
Galveston
New Orleans
Eouston
Grain and Provisions Market Report
In early trading wheat declined 1% to 1144a at Liverpool amid heavy Argentine supplies. Late rumors of improved milling demand and about 40 loads of export sales offered some support. Seaboard clearances reached 468000 bushels of wheat and flour. 142 freight loads were booked in New York this week, mostly for wheat. Receipts at Minneapolis and Duluth totaled 889 cars. Paris cables show wheat and flour about 8 points lower, Berlin down 1?0, Budapest steady. Cash wheat prices: No 2 red 1.05 1/2 elevator, 1.07 1/2 FOB. No 1 Northern 1.21 1/2. No 2 hard Winter 1.15 FOB. Corn market was strong after opening. Argentine drought may reduce supply, private West views say lighter offerings. Argentine shipments about 400000 bushels versus 92000 last week. Cash corn in demand: No 2 corn 74 nominal elevator, 67 1/4 FOB. No 2 white 67 1/4, No 2 Lenon 67 1/4 FOB. Futures.
MENTIONED IN THIS ARTICLE
Liverpool
Seaboard
New York
Minneapolis
Duluth
Paris
Berlin
Budapest
Stock and Exchange Notes and New Members
Robert Bowder Flinn applies for Cotton Exchange membership. Calleb L McKee Colgate Hoyt Jr elected to Stock Exchange. NYC firms shape bonds railroads and finance policy. St Paul Minneapolis & Manitoba Railroad seeks 2 million 41 8 per cent bonds due 1938. Albert Strauss to speak on The Gold Movement Friday at Havemeyer Hall Columbia. Henry E Niese elected American Sugar Refining Director as board expands to nine. N E Halsey Co publishes guide on railroad bonds. Farnest W Clark William Ives form William Ives Co brokerage 78 Broad Street. Harry Huckberger Falk Brothers and D F Gaines admitted to Exchange.
MENTIONED IN THIS ARTICLE
Robert Bowder Flinn
Cotton Exchange
Caleb L. McKee
Colgate Hoyt, Jr
Stock Exchange
St. Paul, Minneapolis & Manitoba Railroad Company
The
Albert Strauss
J. & W. Seligman & Co
Gold Movement
International’ Exchangé
Havemeyer Hall
Columbia University
Henry E. Niese
American Sugar Refining Company
N. W. Halsey & Co
Farnest W. Clark
William Ives
Consolidated Exchange
Humprey Owen
William Ives & Co
Broad Street
Harry T. Huckberger
Falk Brothers
D. F. Gaines
Exchange
Financial institutions seek stock quotations for appraisal
WANTED Title Guarantee and Trust Bond and Mortgage Guarantee Realty Associates Park Bank Corn Exchange Bank National Copper Bank Union Typewriter American Chicle American Coal Products offer to furnish quotations on any stock for appraisal or trading at short notice.
MENTIONED IN THIS ARTICLE
Title Guarantee & Trust Bond & Mortgage Guarantee Realty Associates
Park Bank Corn Exchange Bank National Copper Bank Union Typewriter
American Chicle American Coal Products
Transfer of Koller & Smith business to Koller & Smith Inc
The firm Koller & Smith is dissolved by mutual consent and the business at 208 Broadway New York is transferred to a new corporation Koller & Smith Inc with $20 000 capital stock. Founders Winfield R Koller and Winthrop D Smith sign the transfer and dissolution.
MENTIONED IN THIS ARTICLE
New York
Broadway
New York City
Winfield’ R. Koller
Winthrop D. Smith
Koller & Smith
Winfield R. Koller
Koller & Smith, Inc
Peoples Gas- Light and Coke Company
Chicago
L. A. Wiley
Nevada-Utah Mines
8MBELT
ERS Corporation
St. John's St
Portland
Cumberlan County
Maine
J. Caughey
Savings Banks Interest On Six and Three Month Deposits
E Cor 6th Ave and 16th St offers four percent per annum on deposits from five to three thousand dollars for six months and three months ending Dec 31 1907. Returns payable Jan 20 1908. Deposits made by Jan 10 1908 earn interest from Jan 1 1908.
MENTIONED IN THIS ARTICLE
James Quinlan
Charles M. Dutcher
Treas J
London Paris Letters of Credit and Cable Transfers
A listing at 18 Bishonsgate St Within highlights financial instruments including letters of credit bills of exchange and cable transfers related to London and Paris banking activities.
MENTIONED IN THIS ARTICLE
London
Paris
Bishonsgate St
Rueds Richelieu
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Amalgamated Copper
Amalgamated
Colorado
Delaware
Foreign Public Securities
Serceseenn
Saxony
Hamburg
City of Cologne
Munich
City of
Augsburg
Frankfort-on
Don
Ch'ge
Pacific
St Paul
Erie
Iu Central Ae
Iy & Nash
Louis J
Centra
Pennsylvania
Redding Atote
S. Steel Ae
S. Steel Pf
Bank of France
NEW York Incorporation S
Iroquois Pulp and Paper Company
Thomson
Washington County
Thompson Smith
Greenwich
Times Square Automobile Company
William Paul Buchler
Nassau Street
Cotton States
Lancashire
Grain and Provisions
Financial Notes
Hallowell & Henry
Broad
Beaver ST
Copartnership Notices
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Chicago & Northwestern Railway Co
Massachusetts Savings Banks
Moffat & White
Nassau St
Nework
Julius Christensen & CO
Drexel Building
Myron L. Weil
Curb Securities 51 Exchange PL
Tel
Hanover
CURB
NEVAD
AUTAH
JRB
J. Thomas Reinhardt
Road ST
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Exchange Pl
Nevada
Utah
Fred. R. Jones & CO
Broad ST
York
Times Square
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Myers
Bay
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Prince St
Baekman
Leo Alt
Yorl
Patten
Isthmian Canal Commission
Washington, D. C
H. F. Hodges
Corps. of Engineers
U.S. A
Gables
Office of Commigration
Ellis Island
Wee
N.Y. H
Robert
Office of Commissioner of Immigration
N. Y.J.H
U. S
Robert Watchorn
Southern Pacific Railroad Co
J. L. Willcutt
Vandalia Railroad Company
Ittsburgh
Indianapolis and Vincennes Railroad Company
New
wTewte
H.B. McKnight
Twin City Rapid Transit Company
Pattee
Illinois Central Railroad
Illinois Central Railroad Company
Hackstaff
Amalgamated Copper Company
Ee Company
AL H. Melen
Peco
Banks and Trust Companies
Hamilton Bank of
West 126Th Street
Sulin Ie
George F Brown
Wiliam A. Martin
Charles A. O’donohue
Edward M. Morgan
Martin D. Fink
Adolph Riesnberg
Frank L. Grant
Theodore Huebler
Frederick E. Grant
Anthony Stumpf
Frederick D. Kilburn
Wiliam L. Ward
William H. Birkmirs
Wiliam P. Youngs
Charles B. Hobbs
Frederick D. Ives
Jesse C. Joy
German Exchange Bank
Bowery
Bernard G. Amend
William Moller
Charles L. Adrian
S. Niewenhaus
Jos. Marene
Fred Ohmels
Robt. F. Amend
Thos. Rothmann
Sol Mehrbach
Jos. Schaeffler
Mechanics’ National Bank
City OF New York
Daniel Barnes
Gates W. McGarrah
William B. Boulton
George M. Cummins
Thomas P. Fowler
Alexander E. Orr
Horace E. Garth
Nicholas F. Palmer
Henry Hentz
Charles M. Fratt
Thomas H. Hubbard
George W. Quintard
William A. Jamison
Anton A. Raven
Clarence H. Kelsey
Percy A. Rockefeller
Andrew A. Knowles
John Sinclair
Lowell Lincoln
Henry B. Stuckes
John T. Willets
Frank D. Rge
German American Bank
L. F. Dommerich
Alfred Roelker
Oscar Dressler
Samuel M. Schafer
J. F. Fredericks
D. Schnakenberg
Antonio Gonzalez
Albert Tag
Harmon W. Hendricks
Casimir Tag
Henry R. Kuhnhardt
Bawri N. Taller
Henry Rochell
Frederick von Bernath
Charles A. Zoebisch
Samuel 3. Schafer
J. F. Frederichs
National Butchers and Drovers’ Bank of the City of
James Stiliman
Wim. H. Chase
Joseph Fox
Henry Hofheimer
D. H. Rowland
Adolph D. Bendheim
G. G. Brinckerhoff
Oscar Stiner
George F. Johnson
Gordon G. Brinckeo
Presient
WM. H. Chase
Knickerbocker Trust Company
James T. Woodward
Hanover National Bank
Robert M. Gallaway
Merchants, National Bank
Stephen Baker
Manhattan Company
Valentine P. Snyder
National Bank of Commerce
Bumont Clarke
American Exchange National Bank
Chatfield
United States District Court
Thomas
Vernon M. Davis
Supreme Court
Davis
Knickerebocker Trust Company
New York Trust Company
Hinsdill Parsons
Knickerbocker Trust Company Depositors’ Committee
Frederick G. Bourne
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Nassau Bank
William H. Rogers
James C. Bell
Samuel R. Weed
Henry C. Miller
John Munro
Harry Bronner
Richard Young
Edward Earl
Fidelity
Chambers and
Hudson Streets
Edwin E.jackson
James FI. Killough
Tee Et
Charles F. Mattla
James M. Donald
James BE. Nichols
Weve
Ull Lue
John W. Nix
Charles F. Drosta
Hampden E. Tener, Jr
Adolph Kastor
Messrs
James D. Johnson
Wm. Fel Morgan
Isaaco 3. Vought
Jefferson Bank
Canal and
Forsyth Sts
George F. Vietor
Herman Broesel
Maurice Brill
Samuel Fleck
Rudolph Erbslob
Samuel Strasbourger
Ss. J. Silberman
Kirian Holzman
Kaufman Mandell
Wm. H. Erhart
Radt
Herman Bro¢sel
Max Radt
Wm. H. Devlin
W. J. Hauser
Seaboard National Bank
Anew York
Loos
Samuel G. Bayne
Stuart G. Nelson
Edward C. Bodman
Franklin Quinby
Joseph Seen
Charles Lathrop Pack
Lucius A. Cole
Wiliam A. Ross
T. Wistar Brown
John F. Archbold
Charles C. Thomson
Samuel G. Dayne
Co. C. Thompson
Chemical ‘National Bank of New York
Banking House
Frederic W. Stevens
George G. de Witt
W. Emilen Roosevelt
Robert Walton Goulet
Augustus D. Julliard
Joseph B. Minttindale
Irving National Exchange Bank OF
This Bank
William H. Barnard
Dr. M. Belding, Jr
William C. Breed
Warren Cruikshank
James M. Donald Charles L. Farrell
Rollin P. Gran William Halla
Lee Ewins
John G. Luke
Garrish H. Milliken
Danjvn P. Morse
Yaarry
James K. Nichols
Lewis B. Pierson
William J. Rogers
Edwin H. Sayre
Jacob H. Schoonmakes
John H. Lee Whitam A. Tilden
Gustav Wintsch
Theodore F. Whitm
Daniel W. Whitmorm
F. W. Woolworth
the Fifth Avenue
C Eeey
BE. H. Fancher
Caahie
James G. C. Thomas
Venenburgh
William H. Porter
Central Union Gaspany
Pany
Alexander Av
C. Phelps
Jan
Collins New York Medical Institute
West Thirty-fourth Street
Charles H. Ohly
Merchants’ National Bank OF the
John A. Stewart
Charles D. Dicker
Elbert A. Brinckerhoff
Edward Holbrook
Charles Stewart Smith
Joseph W. Harriman
Gustav H. Schwab
Wilianva
T. Donald Mackay
Zabeth
Freeman
George Zabriskie
Ilbert A. Brinckerhoff
Zabeth S. Freeman
Joseph Byrne
Cashier
Fourth National Bank
Sirecwuis
J. Edward Simmons
Cornelius N’ Bliss
Robert W. Stuart
Richard T. Wilson
William 8. Opdyke
Radmind Jr. Cavally
Eugene Delano
T. Frank Manville
Thomas. H. McKittrick
James G. Cannon
Charles H. Patterson