Wall Street weekday notes on bank rate cuts and bond rules
Traders adjust after Bank of England and Bank of France rate cuts. anticipation of further easing. Attorneys warn cash dividends needed for railroad bonds to stay legal for savings banks. much interest in circulation retirements and bond offerings.
MENTIONED IN THIS ARTICLE
Missouri Pacific
Savings Bank
Dominion trade climbs in 1907 totals rise over 1906
Ottawa reports calendar year 1907 trade at 695,590,074, up from 594,xxx million in 1906. Imports reach 385,275,360, exports 273,324,614. Domestic produce exports fall 780,765 to 288,015,557 while foreign produce exports rise 4,577,775 to 35,309,057.
MENTIONED IN THIS ARTICLE
Ottawa
Dominion
Fish Agent Sails Again to Secure Proxies for Fish
Winthrop E Scarritt sails for Europe to continue solicitation of Illinois Central proxies in favor of Stuyvesant Fish. Scarritt recently returned from a trip abroad to secure support from foreign holders of Illinois Central stock for Fish.
MENTIONED IN THIS ARTICLE
Winthrop E.scarritt
Illinois Central
Stuyvesant Fish
Europe
Mr. Scarritt
Ilinois Central
X. Fish
Decline in U S Cotton Ginning and Market Change
Census data show total U S cotton ginned from 1907 to Jan 16 at 10,337,607 bales versus 12,176,199 a year earlier. Active ginneries 27,370 with Sea Island totals by state. New York Cotton Exchange saw May contracts rise then fall amid census reaction, closing 11 to 29 points lower with 500,000 bales sold.
MENTIONED IN THIS ARTICLE
Washington
Censu Bureau
United States
Sea Island
Florida
Georgia
South Carolina
Alabama
Arkansas
Kentucky
Louisiana
Mississippi
Missouri
New Mexico
North Carolina
Oklahoma
Tennessee
Texas
Virginia
New York Cotton Exchange
New York Times
San Francisco
Ge Alpha Com
E- Anucs Soveesaveeses
Washington Con
Eewee Tereveersee
Best & Belcheres
Occidental Con
Utah
Hale’ & Norcross
Yellow Jacket
Julia Eeve
Telegraph
Consolidated Gas Company OF
New York
Irving Place
R. A. Carter
Kissena Park Corporation
Broadway
New York City
Falls
John W. Paris
Sec'y
Weather and Cotton Market Summary from Washington Forecast
The Federal Weather Bureau forecast for Friday and Saturday covers cotton states with fair skies and varying cold snaps. Prices show a sharp early advance followed by a heavy midSession selloff, with census data suggesting 10,337,607 bales gained by Jan 16. Local spot prices sit at 11.90 for middling upland, with several southern markets listed as steady or unchanged.
MENTIONED IN THIS ARTICLE
The
New Oe Times
Washington
Federal Weather Bureau
North Carolina
South Carolina
Lancashire
Ecoss
OSM
S.iesessd Ll
Ccceeves
Haere Fung
Saget
Savannah
St. Louis
Augusta
New Orleans
Banks Clear Up Certificate Issue After Disturbance
Banks retire nearly all Clearing House certificates, leaving only 11.2 million unsettled as the week begins. Redemption accelerates after 19 million outstanding Monday. Government deposits return to banks as money flows in, with call loan rates around 2 to 3 percent. Abroad, Bank of England discount rate drops to 4 percent and French bank rate falls to 3 percent.
MENTIONED IN THIS ARTICLE
Knickerbocker Trust Company
New York
Bank of England
Coffee Market Holds Steady Amid Quiet Trading
The coffee market remained quiet with steadiness after opening. About 17,500 bags were sold as European markets fluctuated slightly, Brazilian receipts stayed light, and the spot market held firm at 6 40 for Rio No 7, with futures showing little movement.
MENTIONED IN THIS ARTICLE
Havre
Hamburg
Santos
Rio No. T
Letters of Credit and Cable Transfers Noted at London Paris
In London at 18 Bishopsgate and in Paris at 78 Rue de Richelieu, notices reference Letters of Credit Bills of Exchange and Cable Transfers. The listing indicates financial instruments and methods of transfer between the two cities.
MENTIONED IN THIS ARTICLE
London
Paris
Bishopsgate
Rue de Richelieu
Bank rate cuts lift London markets amid gains
The Bank of England lowered its discount rate to 4 percent and the Bank of France followed, boosting London securities especially consols which rose to 835 3-16. French rate cuts were anticipated in Paris sending prices down and Berlin markets held firm on the Boerse.
MENTIONED IN THIS ARTICLE
Isondon
Bank of England
Bank of France
France
London
New York
Paris
Delaware & Hudson Plans Large Financing To Cover Maturing Notes
Delaware and Hudson weighs a multi million dollar security issue to fund maturing Quebec Southern notes due February and March. Kuhn Loeb & Co may join the issue while bankers expect cash beyond the note need. The February maturities total 6 million and 2 million mature by end of March.
MENTIONED IN THIS ARTICLE
Delaware & Hudson
Kuhn, Loeb & Co
Quebec
United States
Bank of England Cuts Rate to Four Percent
The Bank of England reduced the rate from 5 to 4 percent today amid improving financial conditions. Cash returns from the country have swollen reserves, with anticipated gold receipts from Egypt, Australia, and bar gold en route to London. A $5,000,000 gold purchase is expected Monday.
MENTIONED IN THIS ARTICLE
London
Bank of England
Egypt
Australia
America
Argentine Republic
Bank of France Weeky Statement Shows Mixed Changes
The Bank of France reports declines in notes in circulation and silver in hand while gold in hand rises. Treasury deposits and general deposits increase. The bill discounts fall and advances ease. The discount rate is reduced from 3.14 to 3.0 percent.
MENTIONED IN THIS ARTICLE
London
Bank of England
Seseseave
Paris
Bank of France
Frances
Grain and Provisions Market Report on Wheat and Corn
Wheat showed early firmness but failed to hold gains after an Argentine shipment estimate of 2.8 million bushels. Export sales totaled 28 loads, with 16 loads No 1 Northwest. Corn gained briefly then fell to near day lows amid wheat weakness. No 2 corn quoted 66 2 3 to 66 4 cents free on board afloat.
MENTIONED IN THIS ARTICLE
Tiverpool
Budapest
Minenapolis
Seaboard
New York
Duluth
Baltimore & Ohio railroad cuts salaries amid earnings drop
The Baltimore & Ohio Railroad announces a ten percent pay reduction for officers and employees earning over 166 dollars monthly, lowering to 150 dollars salaries between 150 and 166, while clerks earning 150 or less remain unchanged. Also notes disputed Thomas liquidation plans and stock exchange activity with new members elected.
MENTIONED IN THIS ARTICLE
Baltimore, Md
Baltimore & Ohio Railroad Company
Multiple New York firms chartered by the Albany and Trenton offices
Albany and Trenton report numerous incorporations. In Albany names include Ellis Evans Co Glens Falls. American Monolith Co New York. Knickerbocker Dairy Co New York. Weill Realty Co New York. Sully’s Palace Stores Co Buffalo. Diamond Capped Tearing Co New York. and several others with capital ranges from 1 000 to 150 000 plus. In Trenton Rowe Motor Co Camden to manufacture autos. Utility Realty Co Plainfield to handle real estate. Vreeland Realty Co Jersey City to deal in real estate. Ludlow Squier Newark to deal in hardware.
MENTIONED IN THIS ARTICLE
New York Times
Albany
Ellis, Evans & Co
Glens Falls
Warren County
William F. Ellis
Arthur H. Ellis
Stamford
Edward Hett
New Dorp
S. I
Arthur B. Hart
St. Marks Avenue
Brooklyn
Knickerbocker Dairy Company
New York
Capital
Herbert G. Aldrich
Gouverneur
St. Lawrence County
John F. Cambers
West 180Th Street
Charles H. Lyon
154Th Street
New_York
Weill Realty Company
Lucien Levy
Franklin Avenue
Moses Weill
Old Broadway
Fred A. Webb
Fifth Street
Freed & Peikes
Moses Freed
Meyer J. Peikes
Canal Street
Joseph Oshinsky
East Sixty-eighth Street
Wilcox Bond Company
Francis P. Pace
H. S.C. Stimpson
A. R K. Wilcox
Broadway
United Fruit Growers of
Porto Rico
Miles R. Gracewell
West Sixty-seventh Street
Charles H. Luscomb
Benjamin
Jefferson Street
Louis W. Wamibach
Riley Street
Buffalo
N. Y
Silver Spring Creamery Company
West Chary
Clinton County
Wilbur A. Atwood
Frank J. Lapierre
A. N. Delong
Diamond Capped Tearing Company
Wales_ R. Stockbridge
Lierbert J. Bickford
Wall Street
Franklin R. Magee
West 133Th Street
Manhattan Cabinet Works
Rooklyn
Paul F. Hansen
Leonard Street
Joseph Goetz
Joseph Goetz, Jr
Decatur Street
Levy & Brookman, Incorporated
Abraham Levy
East Ninety-fourth Street
Barnett Grookman
Eldridge Street
New
Tere Sol Scheer
Miller Avenue
Brookasl Standard Automatic Switch and Electrical Development Company
Leonard Colson
Park Avenue
Charles Gebauer, Sr
Alfred J. Thompson
West Ninety-fifth Street
David Levy
Rosenberg Contracting Company
Frieda Rosenberg
Rosie Rosenberg
College Avenue
Abkowitz
East 124Th Street
Newark
Friedlander-Sampter Company
Morris
Morris /Friedlander
Boulevard
Rockaway Beach
L. I
Harry W. Newburger
West Forty-fourth Street
Stephen B. Rosenthal
Madison Avenue
Music Industry and Corporation
John T. Proctor
Madison Square
Samuel N. Sternberg
H. Louis Jacobson
Charles_ 5S
Levy
Pauline Levy
West Twenty-fourth Street
Herbert Oppenheimer
East Fiftyfifth
By-Products Chemical Company
Thomas M._Acken
West Forty-fifth Street
Alexander J. Guttman
West Twenty-eighth Street
Charles K. Cole
St. George Hotel
Fats Products Refining, Company
Thomas M. Acken
Trenton
N. J
Rowe Motor Company
Camden
John A. Riggins
M. Leon Berry
John M. Fobin
Utility Realty Company
Plainfield
William Newcorn
Horace G. Adams
Hezekiah Hand
Vreeland Realty Company
Jersey City
S. W. H. Vreeland
Norris W. Vreeland
John W. Bunton
Ludlow & Squier
Matthias Ludlow
Henry&. Squier
G. Rowland Murroa
Dissolution of Schlessinger and Schlesinger Partnership
The partnership Schlessinger & Schlesinger dissolves by mutual consent. Cecilia Schlessinger retires. Max Schlesinger assumes liabilities and signs liquidation. Dated New York January 2 1908. Witness William Weiss. Howard Lapsley & Co briefly notes F P Holband withdraws from the firm January 21 1908.
MENTIONED IN THIS ARTICLE
Schlessinger & Schlesinger
Ceidia Schlessinger
Max Schlesinger
New York
SI Celia Schlessinger
Witnese
William Weiss
Howard Lapeley & CO
Broad
Also Mentioned on This Page
Hhus
Mit
Canada
Government’s Census’ Report
Cotton States
Vriday
England
Dines
Ea High
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Chesapeake & Ohio Railway CO
First Consolidated Mortgage
Old Point Comfort
Big Sandy River
Moffat & White
Nassau St
Berlin
Chicago, Rock Island & Pacific Railway Company
Chicago, Rock Island & Pacifica Railway Company
Amsterdam
Frankfort
New York State
Treasury Department
Pine Street
Speyer & CO
Delaware & Hudson Plan
Foreign Public Securities
Menicass Senet
Consol
Consol &S
Esenet
Saxony
Cologne
Munich
Augsbuurg
Frankfort-on-Main
St Paul Scan
Central
Nash Wi
Pennsylvania
Union Pac
B. Steel
le . S. Steel
Tonopah
Kendall
Belmont
Lone Star
Eece
May Queen
Mohawk
Jim Butler
Eceseces Fa McNamarsa Eoectes Eines
Cassecess Midwiy
Atlanta
Ereporse
Homestake King
Diamondfield
Montgomery Mt
Jumbo Extension
Tramps Conceseoen
Grain and Provisions
Chicago
H . Low
Jan Sessee
Jan Ewesvaeee
Thomas
Miles O'Brien
Henry C. Ide
E. R. Thomas
Mr. Thomas
High Associates
Stock Exchange
Frederick B. Cochran Perley I. Jrreeman
Wiliam G. D._ Morgan
Exchange
G. King Company
Morris S. Tremain
Prosperous Realty Company
Edward Phillips
Broadway, New York
Incorporated
New Jersey
Penn-Wyoming Copper Company
Boston
Swasey & Company Bankers and Brokers
Broad Street
Metropolitan Street Railway Company
Fifth Ave
Edwin 8. Marston
Edwin M. Bulkley
John W. Castles
Dumont Clarke
Robert Y. Hebden
Otto’ L. Katn
Frederick Geller
First National Copper Co
Balaklala
Bend
J. Thomas Reinhardt
Consoiners
Broad ST
Vandalia Railroad Company
Pittsburgh
Indianapolis' and
Vincennes Railroad Company
York City
H. B. McKnight
Beekman St
Wall Street Journal
Multiphone Operating Company
Isaac Thorman
Illinois
Eee Comthe Board of Directors
Ilinois Central Railroad Company
A. G. Hackstaff
German-American
Financial Notes
London Stock Exchange
Channing Rudd
American Institute of Banking
Westinghouse Electric and Manufacturing Company
James N. Jarvie
National Shawmut Bank of Boston
Exchange Place
N. 2
Banks and Trust CompAnIes
Beaver Street
Forrest H. Parker
Adelbert H. Alden
John R. Wood
Railronde
Missouri Pacific Railway Company
Missouri Pacific Railway Co
Alcorn
A. B
Geo. J. Gould
A. H. Calef
St. Louis, Iron Mountain & Southern Railway Company
Nowece
St. Loui Iron Mountain& Southern Railway Co
A. M. St. Louis, Iron Mountain & Southern Railway Company
H. Calef
RAS Ge Coma
City
Borough of
Brooklyn Rapid Transit Company
Clinton Street
Menebly
Brunswick Dock & City Improvement CO
Fits
Brunswick
A. G. Kraetzer
Collins New York Medical Institute
West Thirty-fourth Street
Charles H. Ohly