Wall Street Traders Find Subtle Market Signs Amid Optimism
The article describes active yet cautious professional brokers in a fluctuating market seeking profits through scalping in dull periods. It notes bond market optimism, past errors from information sources, a large block of U S bonds likely to be released, and cautious anticipation of railroad rate changes amid overall bullish sentiment.
Cortelyou’s Call Reduced 12 Million to Banks
Treasury Secretary Cortelyou reduced the government call by about 12.4 million dollars, allowing interior banks to keep funds for crop moving and other uses. Deposits with national banks stood around 140.84 million, after prior highs, with larger July deficits expected as Treasury disbursements rise.
MENTIONED IN THIS ARTICLE
Secretary of the Treasury
Cortelyou
The
Treasury
Treasury Department
New York
Sub-Treasury
Treasury Reserve and Fund Totals At Start Of Day
Washington July 16 The Treasury condition at opening shows reserve fund gold and bullion 150 million, gold coin 819,887,869 silver dollars 479,277,000 trust funds to redeem outstanding deposits in national banks 144,571,984 Philippines treasury 4,850,833 certificates awaiting reimbursement 126,885,990 current mobilities - 193,556,500
MENTIONED IN THIS ARTICLE
Washington
General Fund
Philippine
Ce -Ee
Bulletin of Early 1900s Financial Notices
Charles F. Brooker plans a month long western trip. Robert H. Simpson of Effingham & Co elected member of the Stock Exchange. Simer F.E. Black of N. W. Harris & Co sails Mauretania for two months abroad. P. F. Thompson of Electric Properties Co resigns effective Oct 1. Meeting adjourned due to lack of quorum. Lloyd E. Brown Walter W. Russell and James M. Glassman elected to Consolidated Exchange. Minority owners of Consolidated Arizona Smelting form stockholders committee led by A. L. Norman to contest sale of Humboldt property at foreclosure. Special stockholders meeting of Products Manufacturing Co Jersey City Aug 3 to vote merger with Corn Products Refining Co.
MENTIONED IN THIS ARTICLE
Charles F. Brooker
Robert H. Simpson
Effingham &Co
The
Stock Exchange
Simer FE. Black
N. W. Harris & Co
Mauretania
Electric Properties Company
Rovident Savings Life Asiance Society
Lloyd E. Brown
Walter W. Russell
James M. Glassman
Boston Curb
Consolidated Exchange
Consolidated Kzona Smelting Company
A. L. Norman
Broad Street
Humbolt
Arizona
Products Manufacturing Company
Glucose Sugar Refining Company
Jersey City
Corn Products Refining Company
Won't Retire War Bonds Special in The New York Times
Secretary Cortelyou will not redeem the 3 percent Spanish war bonds totaling about 65 million dollars. He argues most bonds are Treasury securities for national bank circulation, keeping a 2 percent effective yield for the government. He cites a Treasury balance of 54 million and a 15.27 million deficit for the first sixteen days of the fiscal year. Banks hold 18.78 million of the government's money and could be called to retire the bonds if needed.
MENTIONED IN THIS ARTICLE
Department of the Securities Markets
New York
United States
Call of the Treasury
Washington
Cortelyou
Treasury
Secretary of the Treasury
Congress
Treasury Funds From National Banks Near Full Call
The Treasury reports funds received from national depositary banks under the Secretary’s call of July 30 total 23 421. Officials expect the full amount to be received within two or three days. Initial estimates had placed the call around 45 million dollars, but revised calculations reduce the amount to 33 279 270.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Secrary
European Markets Report From London Paris and Berlin
European markets show abundant money and easy discounts in London with dull trading and modest declines across securities. Paris closes firm with 3 percent rentes around 95.87, while Berlin’s Boerse is weak as of today.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Consols
Home Rails
Paris
Canadian Pacific
New York
Bank of England
Foreign mining stock quotations from London market yesterday
The London market yesterday recorded quotations for American mining stocks led by Camp Bird and Esperanza with listings in pounds shillings and pence. Other noted prices included Tomboy Dolores El Oro and Stratton's Independence among shale and ore miner names.
MENTIONED IN THIS ARTICLE
London
S. d
Bank of England Weekly Reserve Changes
London reports a Bank of England weekly statement showing reserves up by 338000, circulation down 281000, bullion up 236,000, other deposits down 1029000, public deposits up 441000, notes reserve up 820000, government securities unchanged, and the reserve ratio rising to 50.89 percent from 49.25.
MENTIONED IN THIS ARTICLE
London
Bank of England
Principal issues short-terms notes bid and ask prices
The closing bids and asks for primary short-term notes include Am Tel & Tel 5% Jan 1910 at 99 1/2 bid 100 asked and Atlantic Coast Line 5% March 1910 at 98 1/2 bid 98 1/2 asked, with numerous other issuers and maturities quoted in varied percentages.
MENTIONED IN THIS ARTICLE
Am. Tel
Tel
Atlantic C. L
Ches. & Ohio
C. Beil. & FP
R. T
Kan
City South
Central
Nort. & West
Fenn
Public Service
St. L
S. A.L. Receivers’. Cifs
Geen
Peng Oo Ceca Eteinte Sini al Einemenree
Southern Ry
U. S. Rubber Co. Sc
Trog Westacy
Wheeling & L
Copper and Tin Prices Fall on London and New York Markets
Copper spot and futures declined in London by several shillings while New York Metal Exchange quotes show copper and lead easing and tin holding firm. Spot copper closed at £57 12s 6d and futures at £58 6s, tin at £128 10s spot, lead £12 17s 6d, spelter unchanged. London and NY bids and asks for copper and other metals shifted modestly lower or steady.
MENTIONED IN THIS ARTICLE
London
New York Metal Exchange
Lake
Eeseeeia
Eee
Ccee
Scceccce
Bondholders To Pool Claims On Railroad Mortgage Debentures
A committee announces protection measures for holders of the Cincinnati Indianapolis Western Railway and Indiana Decatur Western Railway bonds after default on interest due July 1 1908. Bondholders urged to deposit negotiable bonds with Bankers Trust Company by July 24 1908. certificates of deposit issued. Deposited bonds must bear July 1 1968 coupons and subsequent coupons. Copyright bold names include William fra and Alb Gaal N. B., with Strong & Cadwalader as counsel.
MENTIONED IN THIS ARTICLE
Cincinnati, Indianapolis & ‘Western Railway Company
Indiana, Decatur & Western ‘ Railway Company
Cincinnati, Indianapolis & Western Railway Company
Indiana, Decatur & Western Railway Company
Bankers Trust Company
William Fra
ALB Gaal
Wall St
Strong & Cadwalader
Ramsey Committee Wins Major Note Deposit
The Ramsey committee of noteholders for the Detroit Toledo & Tronton Railroad reports deposits totaling over 2,500,000 of the 5,509,000 notes with the New York Trust Company and three other firms in Philadelphia St Louis and Cincinnati giving the committee a majority. After July 31 deposits will only be accepted on terms set by the committee. Hollins interests say a reorganization plan for the Detroit Toledo Ironton will be formed and participation requires notes to be held by owners or deposited with the Morse committee. notes deposited with the Ramsey committee may be barred from the plan.
MENTIONED IN THIS ARTICLE
Ramsey Committee
Detroit, Toledo & Tronton Railroad
New York Trust Company
Philadelphia
St. Louiis
Cincinnati
Hollins Interests
Detroit, Toledo & Ironton
Morse
Raw¢y
Hollins
Detroit, Toledo & Ironton Railway CO
International Navigation Company
Fidelity Trust Company
Chestnut St
Interenational
Tru R. Ellis
Isthmian Canal Commission
Washington
D. C
State Street
New York City
Custom House
New Orleans
U. S
Baltimore
Copper trade looks up says Brooker of American Brass
Charles F. Brooker, president of the American Brass Company, warns of improving trade conditions in brass and copper industries. He notes gradual movement toward better conditions and will be away on vacation later this summer. Copper sales reports show rising activity since July 1 with buyers mainly brass and wire manufacturers.
MENTIONED IN THIS ARTICLE
Charles F. Brooker
American Brass Company
Brooker
Oversubscribed Delaware & Hudson Bond Issue At Kuhn Loeb Bank
Allotments were made yesterday to subscribers to the 13 million 4 per cent bonds of the Delaware and Hudson purchased two days ago by Kuhn Loeb and Co and the First National Bank. One tenth of the allotment went to many. larger portions were allocated to strictly investment subscriptions. Banking circles say the entire issue was six times oversubscribed.
MENTIONED IN THIS ARTICLE
Delaware & Hudson
Kuhn, Loeb & Co
First National Bank
London Court Approves Underground Electric Debt Reorganization
The Chancery Court sanctioned the re adjustment plan for the Underground Electric Railway Company. Shareholders approved the scheme at a May 11 meeting in London. The plan calls for issuing bonds totaling 46 million dollars to complete the restructuring.
MENTIONED IN THIS ARTICLE
London
Chancery Court
Underground Electric Railway Company
Nickel Plate Railway Sells $1.5 Million Bonds
The New York Chicago and St. Louis Railway known as Nickel Plate sold 1.5 million dollars of twenty five years 5 per cent bonds due May 1 1931 to Moffat White Clark Dodge and Co Lee Higginson Co. Most bonds have already been resold by the bankers.
MENTIONED IN THIS ARTICLE
New York, Chicago
Chicago Stocks Hold Steady as Trading Stalls at Midday
Prices for American Can preferred edged up slightly while Shipbuilding and Diamond Match eased. Telephone shares remained steady and most other stocks showed no change by midday on the local Exchange. Chicago Railways bonds rose fractionally to Su percent with afternoon trading nearly at a standstill.
MENTIONED IN THIS ARTICLE
New York Times
Chicago
Chicago Railways
American Shipbuilding
Booth & Co
Canal & Deck
Eeees
Chicago & Oak Park
Chicago Pneumatic Tool
Chicago Ry
I Ae
Chicago Telephone
Chicago Title & Trust
Commonwealth F#tson
Quaker Oats
Street
Swift & Co
United Boxboard
Local Exchange Closing Quotations Report
Colorado Springs July 16 closing quotations show Elkton Portland El Paso Pawliings Windleater Isabella with bids and asks. values range from 10 to 56 and 100 respectively amid a thin market. Dealers quoted limited activity with scattered small lots and muted demand across listed items.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Elkton
Portland
el Paso
C.caes Pawliings
Windleater
Isabella
Addresses listed for branch offices in London Paris and New York
The document lists office locations at 16 William Street and 18 20 22 William Street as a branch office in New York with London at 16 Bishopsgate Street and Paris at 41 Boulevard Haussmann, indicating multiple international addresses.
MENTIONED IN THIS ARTICLE
William Street
Fifth Avenue
New York
Paris
Boulevard Haussmann
New York City bid notices for public works in 1908
Sealed bids are invited by the New York Police Department for building new station houses and related facilities at Greenwich Street and Washington Street sites. Park Department seeks bids for an administration building at Bronx Park. Notices mention local improvements in Manhattan including grading curbing and paving and sewer work with deadlines in July 1908.
MENTIONED IN THIS ARTICLE
Department OF Docks and Ferries
Battery Place
Heserd
Board of Assessors
Bronx
Deck
Longwood
Intervale Avenes
Barretito
Fr Eee
Aden Burnaide Avenue
189Th Street
Herman A. .Metz
City_of
New York
Board of Water Supply
Board
Broadway
Catskill
Hudson River
Esopua Creek
Olive
Marbietown
Ulster County
City Ecord
John A. Bhnsel
Harles N. Chadwick
Charles A. Hiaw
Board of Veter Ith
J. Waldo Thomas Hassett
Tery
Department OF PA Arsenal
Fifth Avenue
Six- Fourth Street
Borough of Hattan
of New York
Park Board
Department of Parks
Borough of Manhattan
New York Public Library
Astor, Lenox
Tilden
Fortieth
Forty-second Streets
Henry Smith
Joseph Lilberry
Michael J. Kennedy
Paris
Police Department
City of New York
Mulberry Street
Borough of
Manhattan
Central Department
Greenwich < Street
Cortlandt Street
Greenwich Street
Washington Street
Sea City
Theodore A. Bingham
THD
Department OF Parka
Arsenal Building
Fourth Street
Borough of the Bronz
Vpolsaical Park
Bronx Park
City of
Joseph L. Berry
Chramissioners
Ssescora
Guieens
Gates Avenue
Woodward Avenue
Kings County Line
Ralph Street
Grandview Avenue
Henman A. Metz
Board of
A&sensors
West Tift Street
Kafuccen Urnadway
Columbus Avenue
Comoar Avenue
Herman A. Metz
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Wall Street
Financial District
National Banks
the Treasury Balances
Financial Notes
San Francisco
Andes
Chollar
Savage
Sag Belcher
Cal & VaieTra
Nevada
Imperial
St. Louis Crown Point
Union
Gould
Curry Yellow Jacket
Hate
Norcross
Telegraph
Tonopah
Goldfield
Belmont Eae iTumbo
Golden Anchor
Kendall Peewee
Tim Butler
Lone Star McNamara
Ohawk
Midway - Wares
Red_ Hills Montana
Sandstorm
Ives
West End
Bullfrog
Adams
Geneenee
Minin
Atlanta Ce
Bluebell
Montgomery Mt
Daisy Fae
Orteinal
Secur
N.Y
Beekman
Wall Street Journal
American Securities
Berlin
Foreign Public Securities
Ked
Consol
Cccceesee
BOO
Saxony
Hamburg
City of Ologne
Munich
Augsburg
Osl
Vienna
Frankfurt-on Main
Lon- N. Y. N.Y
Netdon
Atchison
St. Paul
Erie Aeee
Erie
Illinois Central
Louis. & Nash
N. Y. Central
Pennsylvania Ce
South Pacific
Union Pacific
Bank of France
Metal Market Reports
Pittsburg Transactions
Pittsburg
Crucible Steel
Pittsburg Brewing
Pittsburg Consolidated
LLC
Lic
River Coal
U. S. Steel
Westing
Westing. Electric
Pennsylvania
Detroit
Toledo & Ironton
Copper
Delaware &Hudson Bonds
London Tube
Twin City
Pacific Coast Company
Mos. Gross
Mosg
MiseceHancoes Eae American Glue Company
Northern California Power Company
New York, Chicago & St. Louis Railroad Co
Lake Shore & Michigan Southern Railway Company
New York Central System
Buffalo
Cleveland
Boston
Clark, Dodge & Co
Wail St
Kotfat & White
Nassau St
Chicago Stock Market
Mey
Interchengeahis
Fcoupon
Colorado
the Farmers’ Loan and Trust Company
Bishopsgate St
Within
Lincoln Trust Company
Lispenard ST
72D ST
Alexander S. Webb, JR
Abram M. Hyatt
Joseph Bray
Owen Ward
Horace F. Poor
Breckenridge Carroll
Treas
George C. Boldt
George C. Clark
ROBERT_E. DOWLING
Edward Holbrook
Bradish Johnson
Clarence H. Kelshy Morton F. Plant
William Salomon
B. Aymar Sands
Louis Stern Samuel D. Styles
Frank Tilford
William Fellinger
Edward VP. Hatch
George Lease
Robert Goblet
Arthur Ishlin Alexander 8. Webb, JR
Isaac N. Seligman
W. D. Lancey Kountze
John. P. Munn, M. D. James Quinlan Irving E. Raymond
WM. G. Conklin Stuart Duncan Owen Ward Samuel V. Hoffman
Amapyoy
Joseph Ramsey, Jr
Newman Err
Charles H. Gilman
Hugh H. Harrison
Rhomeson
Allen T West
Ingebury Curtis
N. M. Dittenhoefer
Walter {. Worrall
Broad St
Cornelius P. Rosemon & CO
SMITH
United States Steel
Isabel S. Stone
Howard M. Lum
United States Steel Corporation
Lewis Johnson & Company
Washington, D. C
Continental Wall Paper Company
Henry Burn
Greenwich Savings Bank
6Th Ave
16Th St
James Qu'nlan
Tréae'r
J. Pden RO
Francis M. Bacon. Jr
Hse