Wall Street Topics Drift as Holiday Quiet Deepens Trading
In a slow market era, visitors note scant attendance on holiday expectations, with commission houses idle and odd lots trading only sporadically. A Jersey trader jokes of enforcing local speed laws while the market stalls, and directors weigh dividends amid uncertain business prospects.
MENTIONED IN THIS ARTICLE
Commission
Financial District
Coffee market holds steady as prices edge higher
The market opened steady with a partial 6 point rise and sales reached 22 500 bags. One month was unchanged while other positions gained 6 points. First day of the crop season shows Brazil port movement for the season at about 10 283 000 bags versus 19 654 000 last year. Havre and Hamburg posted modest gains as Rio and Santos showed mixed moves. Spot Rio No 7 quoted at 640.
MENTIONED IN THIS ARTICLE
Havre
Hamburg
New York
Rio
Santos
Cincinnati Hamilton and Dayton defaults on bonds and refunds
The Cincinnati, Hamilton & Dayton Railway defaulted on interest for its 4 percent refunding bonds and on several underlying bonds. A noteholder committee led by J N Wallace said it would buy coupons to protect note positions. A director cited lack of funds in the receiver to meet interest as the cause, with a 60 day grace to cure the refunding debt.
MENTIONED IN THIS ARTICLE
Cincinnati
Hamilton & Dayton
J. N. Wallace
Anking
Grain and Provisions Market Summary
Active buying across markets led by Chicago with wheat futures up to 1.5d. Berlin and Budapest gains cited, interior arrivals 289 000 bushels vs 503 000 year ago, seaboard movement 232 000. Cash prices: No 2 red 97 8c, No 1 Northern Duluth 1.165, No 2 hard Winter 1.00 5c. Corn edged softer early on favorable weather, then firmed. No 2 corn 79c elevator, 78 3/4c FOB. Bond quotes compared with Tuesday.
MENTIONED IN THIS ARTICLE
Chicago
Arpool
Berlin
Budapest
Seaboard
Chicago Board of Trade
New York
Duluth
Liverpool
Securities admitted to the New York Stock Exchange yesterday
The exchange listed Manhattan Railway Company $11 712 000 additional consolidated mortgage 4 percent bonds due 1990 bringing totals to $39 777 000. State of New York £5 000 000 4 percent highway improvement bonds due March 1 1953 to be listed July 1 1908. Metropolitan Street Railway Company on July 1 1908 $6 408 000 guarantee Trust Company certificates of deposit for general mortgage and collateral trust 5 percent bonds due 1997 to be admitted with additions up to $12 500 000 before Jan 1 1909. Chicago & Western Indiana Railroad Company $229 000 additional consolidated mortgage fifty year 4 percent bonds.
MENTIONED IN THIS ARTICLE
Lst
New York Stock Exchange
Manhattan Railway Company
State of
Bankers and Directors Move as Markets Recruit Leaders
L Redlich joins H P Goldechmidt & Co. ex mayor Fred W Wurster named bank director. Frederick M Rook joins W R Houghtaling & Co. US Steel President W E Corey to visit mid month. Britton & Co. opens Norfolk Conn branch. Ex Gov Griggs named director of American Locomotive to replace Schoonmaker. Mallory and Gurtis elected directors of North American Trust. Adams & Co. see changes inside Bartlett firms. Bonds offered include Yonkers 4% long term and Big Sandy 4% notes at 80% with interest.
MENTIONED IN THIS ARTICLE
L. Redlich
Stock Exchange
H. P. Goldechmidt & Co
Fred W. Wurster
Manufacturers’ National Bank of Brooklyn
Frederick 5. Rook
Epieres
W. R. Houghtaling & Co
W. E. Corey
United States Steel Corporation
Europe
Britton — & Co
Roya Arcanum
Norfolk
Chesapeake & Ohio
Big Sandy
Hillhorn Coal District
Cincinnati
Ay Con Stock Exchange
Chesapeake Ohio -Way Company
Chicago, Milwaukee & St. Paul
J Way Company
New York, Lake Erie & Western Railroad Company
Buffalo & Southwestern
Utah & Northern Railway Company
Metropolitan Elevatery
European Markets Show Easier Money and Lethargic Trading
July market brief notes easier money flows due to dividends, with dull, narrow trading. Consols rise on monetary ease, home rails weak from traffic woes, American securities idle, bar silver stable. London money rates 1 4 to 2 1 2 percent, short bills 1 1 5 16 to 3 16 percent. Paris closes firm 3 percent rente at 95 francs 22 1 2 centimes. Berlin reports extremely dull Boerse with minor shifts.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Hudson Bay
Paris
Foreign Public Securities Report of European State Auctions
Yesterday's quotations show European state and municipal securities on offer. Notable listings include sovereign bonds and municipal notes with varied yields and maturities. Trading centered on government debt and official issues across several countries.
London copper and metals close mixed with small declines
Spot copper fell from Tuesday’s close and futures slipped seven and a half pence. Pig tin softened to 124 pounds 5 shillings spot and 125 pounds 7 shillings 6 pence futures. Lead rose to 12 shillings 8 pence while spelter fell to 18 pounds 5 shillings. Cleveland warrants eased at 1 shilling 11 and a quarter pence. New York Metal Exchange bids and asks for copper and other metals show little change from Tuesday with small upticks in some grades and steady readings in electrolytic and casting copper.
MENTIONED IN THIS ARTICLE
London
Cleveland
New York Metal Exchange
Local Exchange Closing Quotations Report
Special to The New York Times from Colorado Springs details closing quotes on the local exchange. Isabella Portland Rawlings Work listings show figures with bids and asks, reflecting market activity for the day.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Big
Isabella
Portland
Rawlings
Bondholders form committee for Cincinnati Indianapolis & Western bonds
A committee is appointed to protect holders of the First Mortgage Five Per Cent Forty-year bonds of the Indiana Decatur and Western Railroad and the First and Refunding Four Per Cent Fifty-year bonds of the Cincinnati Indianapolis and Western Railway. Holders are asked to deposit negotiable bonds with Bankers Trust Company as depositary for a forthcoming agreement. Copies of the deposit agreement will be available from the committee secretary’s depositary.
MENTIONED IN THIS ARTICLE
Cincinnati, Indianapolis & Western Railway Company
Indiana, Decatur & Western Railroad Company
Bankers Trust Company
Central Trust Company
Wall Street
New York
James N. Wallace
Anthony N. Brady
Charles F. Dieterich
James P. Lee
Albert Tag
Hastings
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Ose
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Conusnesece So
Wtetcesen
Eptember
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Teavevesese
Igedeaesvss
I HY
Protective Committee
WII
Grain and Provisions
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Am Can Pt.se Neeeeees 35, 54 Es .Am
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Chicago Subway
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Chicago Telephone
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Idan, Decatur & Western Railroad Company
Frederic H. Eckes
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WM. A. Read
Albert H. Wiggin
Geo. K. Johnson
Philadelphia
E. Cotting
B. Close
Boston
N. Y
Strong & Cadwalader, Counsel
Erie Railroad Company
Wall St
Erie
J. P. Morgan & CO
Isthmian Canal Commission
Washington, D. C
State Street
Custom House
New Orleans
North Point Street
San Francisco
Cal
U. S
Seattle
Wash
Galveston
Tex
A. F. Hodges
Corps of En
Itle Insurance& Trust Company
Title Department & Trust and Banking Department
Brooklyn
Montague Street
Edwin W. Coggeshall
Herbert E. Jackson
Walter N. Vail
Fthorwald
David B. Ogden
Geo. F. Butterworth, Dumont Clarke
Edwin W. Cogge
Shall
William A. Day, William P. Dixon
Julian D. Fairchild
John T. Lookma
Henry Uoggenthad, James N. Wallace
New Jersey
Jersey City, N. J
John W. HA
Robert
Ross
Jay
Perkins
Idenbergh
William J. Field
J. Richard Tennant
Douglas Alexander, Walter E. Ammon
Frederic G. Bourne, William Brinkerhoff
C. Cuyler
Jacob J. Detwiller
Charles D. Dickey
Oscar L. Gubelman
John W. Hardenbergh
William B. Jenkins
Clarence H. Kelsay
Gustav EB. Kisset
David W. Lawrence
James A. Macdonald
Allan L. McDermott
James G. Morgan
John A. Middleton
Moses Taylor Pyne
Archibald D. Russell
Robert 3. Rees
Erwin A. Stevena
Myles Tierney
Cornelius Vanderbil
John J. Voorhees
George W. Young
Augustus Zabriskie
Hornblower & Weeks, Bankers & Brokers
Broadway
West 43D Street
State St
Providence
Newport
Monroe St
Hartford
New Haven
F. L. Babcock
Reall Street
Mab
Industrial Savings and Loan Co
Times
the Audit Company OF
Cedar Street
Remachee Sclcsee
Atlanta
Rochester
Edward T. Perine
F. C. Richardson
Sec
Treas
United States Trust Company
Peter Otten
Peter Otee
Clinton Avenue
Bronx
U. 8
Pierre la Pierre
Charles Head &Co
Broad St
Guardian
Trust Company OF
Frank W. Woolworth
George W. Fairchild
A. E
G. Goodridge
Lathrop C. Haynes
Alfred M. Barrett
Lamar Ross
Pres
St. Secretary Trust
Generals Banking and Trust
Eee Sett
The
Franklin Society
Banking Department
Vidice
New York Realty Ownership
New York Realty Owners Co
Fifth Avenue
T. T
Joran Lahr
Henry W. Sagazei
Onrad Kienz
Lahr
Zrahr and Company
Ted
Joseph Lahr
Conrad Kienz
Seymour
Peloubet
Francis C. Hill
Seymour Ss. Peloubet
Fadda
Port OF
Para
Port of Para
Empire Trust Company
Sal Bank
B. H. Binder
H. M. Gough
United Cities Realty Corporation
Herer Smith
Kansas City Southern Railway
R. B. Eperry
American Locomotive CO
Church Street
T. Callaway
American Tobacco Company
J. H. W. Hicks
NEW York and New Jersey Telephone Company
Willoughby Street
Ford Huntington
National Butchers and Drovers Bank
WM. H. Chase
International
B. W. Hyde
Chas. T. Pfaltz
Roome St
Board of Directors
MO. E. Hanifen
H. J. Corbett
Bec'y
Nassau Street
New Ork
Frederics
Oughtaling & CO
Chambers St
W. H. B. Totten
George B. Dunning
F.e.tener,jr
Finance Comm
S. E. Cor
SAVIN
James Quinlan
Seone Dutcher
R. J. Hampde
Frarcis M. Bacon, Jr
Ee Ag
Ing
E. T. Mason,& CO
Greene Street
Borough of Manhattan
City of New York
William Mason
Henry J. Mason
W. H. Mason
New ‘York
Lincoln Safe Deposit Co
East 42d Street
Borough of
Manhattan
William J. Murphy
Cowperthwait Bedding Co
Park Row
WM. H. Ammerman, Jr
GEO. C. Flint CO
West 32d Street
Ethelbert Belenap
Empire Crust Company
East Houston Street
London, BD
New Broad Street
Undivided
Guaranty Trust Company ‘of
Nassau St
Lombard St
London, E. C
John Walex
J. Hemphill
C. Harriman
Max May
Foreign Dept
Istles
George Garr Henry
Hebbard
Newton
Tust
Lewis B. Franklin
Mgr. Bond Dept
North River Savings Bank
34Th St
Bet
Samuel D. Styles
Frederick N. Cheshire
Charles F. Turton
Union Square Savings
Institution For the Savings of Merchants’ Clerks
No. 20
Union Square
Frank M. Hurlbut
WM. H. Rockwood
John
Savings Bank
Daniel Barnes
George M. Halsey
Union Dime Savings Institution
6Th Avenue
Greeley Square
Charis E. Sprague
Francis M Leake
William OG. Ross
NEW York Savings Bank Mice
William Fellinger
James L. Wandling
Archibald 3
Petz