Wall Street Traders Split Over Market Direction After closes
After the close brokers voiced mixed views with bulls hopeful for continued advance while bears lamented a weaker reaction. Professionals dominate trading with limited public activity and many use stop-less orders to secure profits as steel stocks buoy sentiment though some warn of cautious earnings outlook.
Banking official Clark Williams returns to Albany
State Superintendent of Banking Clark Williams, in the city Monday and Tuesday, returned to Albany today. Kean Van Cortlandt & Co. officers C Louis Baissevain sail abroad on the Kronprinzessin Cecilie. James Gowan and James R Gray of the Cotton Exchange see their memberships sold at auction. Chandter Brothers & Co issue Traction Investments on Philadelphia Rapid Transit. Title Insurance dividend set to pay quarterly on January April July October with two months at 12 percent July 1.
MENTIONED IN THIS ARTICLE
Clark Williams
City
Albany
C. Louis Baissevain
Kean, van Cortlandt & Co
Kronpringess
Cecilie
G. Louis Baissevain
Stock Exchange
K Ynprinzessin
Cotton Exchange
James
Title Insurance and Trust Company
New York Times Leads In Financial Advertising
In the first half of 1908 The New York Times printed 356,085 agate lines of financial advertisements, more than any American newspaper. The Times shows gains over last year, leads in financial advertising, and has the largest circulation among investors, while excluding unworthy announcements.
MENTIONED IN THIS ARTICLE
NEW York Times
New York
THE
Foreign bankers lend credits here amid renewed trust
Banks here draw bills against foreign credit as Europe and the United States relax suspicions. Last year foreign bankers withheld advances after a cotton trade panic, forcing Europe to ship gold to settle commitments. This season credit flows again, aiming to avert a repeat of last fall and to ease payment for farm exports through extended settlement periods.
MENTIONED IN THIS ARTICLE
England
France
Europe
European Markets Report from London Paris and Berlin
Financial markets in London Paris and Berlin show tight money with Irish loan oversubscribed forty times and gilt edged securities firmer. Home rates improved as Paris buys Kaffirs and US securities rise on bear covering and steel trade optimism. Copper shares rise and money remains at 1 percent with short and three month bills near 1.25 percent. Berlin closes firmer as New York cues boost prices.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris
New York
Union, Pacific
Canadian Pacific
Missouri Pacific
Decline in British Imports and Exports in June
London reports the Board of Trade June statement shows imports down 8.35 million dollars and exports down 20.79 million. Falls are led by food and raw materials in imports and manufactured goods in exports.
MENTIONED IN THIS ARTICLE
London
The
Board of Trade
Coffee Market Opens Steady Then Falls on European Brazil News
The coffee market opened steady and ended 5 to 10 points lower as disappointing European and Brazilian news weighed on sentiment. Rio reported a recount increasing stocks by 99,346 bags and receipts movement of 3,400,203 ars. Spot activity was slow with prices unchanged and Rio No 7 quoted at Wie.
MENTIONED IN THIS ARTICLE
Europe
Brazil
Savre
Hamburg
Rio
Santos
Rio Bay
Rio No. 7
Wie
Boston copper stocks show activity led by Amalgamated
Special to The New York Times reports Boston stock activity with Amalgamated leading trading in copper shares and demand for shoe machinery. North Butte Greene Cananea and Shannon saw some moves while steels and Union Pacific were bought in small lots. Bonds noted.
MENTIONED IN THIS ARTICLE
Boston
Amalgamated
North Butte
Greene-Cananea
Shannon
Union Pacific
Eal
Am. Tel. & Tel
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Steel
Coal & Oil Us
Hang “Peng
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Manse West
West End
Paeese
Eareree
Miss Cellane Ous
Bedison
Mass
Seattle
Swift
Lest United
Stee
U. S. Steel
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Allouez Wee Eae O
al. & Ariz
Cal
Hecla
Daly West
Franklin Ae
Green -Conanea
Isle F
Dominion
Osceola
Esees
Perrot Setae
Quincey Y
Rhode Island
St. Mary's Land
Trinity Dice
Utah
Philadelphia Prices Special to The New York Times
A brief market update reports price levels in Philadelphia with emphasis on daily shifts, wholesale benchmarks, and notable commercial indicators affecting buyers and sellers in the region.
Chicago stocks rise on Can and Telephone amid busy trading
In Chicago July 7 American Can preferred and Chicago Telephone advanced in early trading on the local Exchange. Phone shares hit a high of 137 in the forenoon, then eased to 135, later climbing to 137.5 at close amid brisk activity sparked by C E Adsit. Box Board issues drew investor interest with large blocks traded, while Straw Board and United Box Board remained active.
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Cambria Steel and
Lehigh Valley
Tonopah Lehigh Navigation Trust
United Gas Improvement
Union Traction
Tractions
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Amalgamated Copper
American Smelting
Bell Telephone
Brooklyn R. T
Elec. Co
Amesnee
Interborough Met
Lehigh Valley Case
Lehigh Nav
Tonopah Belmon
Tronopah Mining
Union Pacific
Bliz
United Gas Imp
United States Steel
United States Steel Pr
Utah Copper
Weer Ae
Chicago
American Can
Swift's
Box Board
Biscuit
C. E. Adsit
United Box Board
W. H. Colvin
Booth & Co
Chicago City Railway
Chicago Bus
United Box Board of
American Straw Board
Chicago Telephone
Commonwealth Edison
Diamond Match
Dunols
Metropolitan Elevated
Quaker Oats DE Asc
Sears- Roebuck
Strcess
Street's
Street
Swift Fe CO
State banks report changes from New York weekly brief
The State Banking Department issued yesterday the weekly reports of state banks and trust companies outside New York City, detailing the changes from the previous week. The release covers New York State institutions and their alterations in reserves, deposits, loans, and capital.
MENTIONED IN THIS ARTICLE
New York State
New York City
State Banking Department
Controversy Over Morse Plan for Bank Deposit Interest
Depositors of the National Bank of North America protest the Morse led assets plan arguing they are owed 6 percent interest from bank closure. Receiver Hanna backs current federal rules while depositors seek full interest through liquidation, with talk of forming a committee to block transfer to Assets Realization Company.
MENTIONED IN THIS ARTICLE
National Bank of North America
Charles W. Morse
Assets Realization Company of Philadelphia
Assets Realization Company
Morse
Philadelphia Concern
Hanna
Trading in Baltimore Stocks Rise on Rail Bonds
In Baltimore on July 7 Seaboard Air Line 4% bonds and United Railways income bonds led the market, each climbing half a point. Seaboard three year 53 gained one point while United Railways stock rose. Northern Central Railway shares advanced three quarters of a point. Volume reported as 225 shares with a $110000 bonus.
MENTIONED IN THIS ARTICLE
Baltimore
Seaboard Air Line
United Railways
Seaboard
Northern Central Railway
Lowaito
City
Sis
South Bound
Anacostia & Pot
United Rys
UN. Rys. Inc
Esate
C. G
Gottom Duck
Northern Central
United Railway Aes li
Bank of Baltimore
Ly Eter Ceerae
Union Bank “ L. & P Pf
Cc G
Curb Broker Seeks Change in New York Market
Honest and active New York curb broker with several years of experience seeks new opportunity. Proposals from any NYSE member considered as strongest references. Address Box 116 Times Downtown.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Panama Railroad seeks dry goods proposals in 1908
The Office of Purchasing Agent at Panama Railroad Company in New York invites sealed proposals for dry goods. Documents available at 24 State Street. Proposals due by 2:00 PM on July 17, 1908. Assistant Purchasing Agent F C NordsieK.
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State Street
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F.C. Nordsiek
NEW Orleans City and Lake
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Calumbia Finance and Trust Company
Louisville
Kentucky
Mortenze
Columbia Trust Company
Erie and Pittsburgh Railroad Company
Eric, Penna
Sully
Union Trust Company of
Broadway
Union Trust Company
JNO
P. Smart
International Navigation Company
Idelity Trust
Cheatnut St
Philadelphia
Fidelity Trust Company
Afso
Bidelity Trust Company
R. Ellis
New York Ontario and Western Declares Dividend
The board of the New York Ontario and Western Railway Company declares a two percent dividend on common stock from earnings for the year ending June 30. 1908. Transfer books close July 9 at 3 PM and reopen July 13 at 10 AM. RR D Rickard, Secretary.
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New York, Ontario & Western Railway Co
New York
New York, Ontario & Wester Railway Company
Pagana
RR. D. Rickard
United Gas Improvement Company
N. W
Arch Sts
Philadelphia
Lewis Lillie
Consolidated National Bank
Thos. J. Lewis
Llam & Third Ave
Cooper Institute
Jonathan B. Currey
Edward Sherer
St., N
W. H.B. Totten
George 3. Denning
E.e.tener,jr
Finance Compttiog
Reendway
Ramsay
Chas. A. Whitney
Greenwich Savings. Bank
E. Cor
6Th Ave
16Th &T
Credit
James Quinlan
MT Wtll
Nee
HAM
Francis M. Bacon, Jr
Dissolution of Crowley Kilgannon & Company Partners
Copartnership Crowley Kilgannon and Carroll dissolved July 6 1998 related to William Kilgannon. Remaining partners George F Crowley and Carroll will manage debts and continue business as George F Crowley & Company at 36 West 34th Street Manhattan New York.
MENTIONED IN THIS ARTICLE
Remainin
George F. Crowley
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