New York Times Newspaper Archives, Jul 28, 1908, p. 8

Market Volatility Tied to Distribution and Taft Letter

Financial markets show unsettled price moves amid distributive selling by major holders and London selling tied to Near East and Venezuela tensions. Copper stocks rise as bonds, bank statements, and a Central Pacific refunding issue impact sentiment. call money hits 1 percent as traders await Taft's anticipated letter and rate-rail commissions.

MENTIONED IN THIS ARTICLE

London Near East Holland Venezuela Commission Missouri Pacific Gould Union Pacific Inte Commerce Commission Gay Stock Exchange Central Pacific Sub-Treasury Canada Cape Town France Germany

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New York Stock Exchange Activity Noted for July 27 1908

Market activity on Monday at the New York Stock Exchange is summarized with figures showing trading levels of 1,000 1,600 and 9,000 in a brief wall street note.

MENTIONED IN THIS ARTICLE

New York Stose Exchange

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Transactions in Bonds and System of Notes Listed

A dense ledger lists numerous U S government and corporate bonds with nominal values including 10,000, 15,000, and 30,000 dollar lots. Securities span utilities, railroads, sugar and tobacco concerns, with prices quoted around 88% to 107% and noted serials such as 4s 5s and 6s. Total sales reported for July 21, 1905 amount to 2,490,000 dollars, with comparisons to the prior year.

MENTIONED IN THIS ARTICLE

PHOS Osx Brm Anand Cuba Nterborough R. T Virginia Mer Marine Ete Bros Ss & M LUSH Ings Co U Island Ridges Reale Cadens & Nash Unified Manhattan Hide & L Missouri Pac Roy Tobacco Mo Pac Trust L Po Ee Eis & P Ceceuese Sirwuera Ware Iite NH & H Brook Union Gas Norf Pag Ge Cada Canada Ogene Et Carol Sisrnee Cent Penn 2A Chesapeake & Phiogen M &So Ex& Pac St L & P Lst Soo Ae Col Industrial Col & So Stary Land East T, V & Ga West UN Fund Lst Westingh el & M Edison Elec Erie R&f Balt Ohio Bikiya R. T Pacific Ches. & Ohio M. A Col Erie Eee Erfle Illinois Louis. & Nash Mo K & Tex Pacific Ee North Panini Pacific Mail Penn S.rete Reading Republic Steel Rock Island Rep. Steel Pf Roc South Southern Ry Ry. Pf Utah Omer Pacific Rubber Fee U. S Steel

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Outside Securities Slump Amid Sluggish Trading in Nevada Stocks

The curb market opened with promise but failed to deliver. copper stocks showed limited strength while most prices drifted. Nevada Consolidated rose to 13% to 13 5/8% on 3,000 shares, with Miami and Boston Copper posting small gains. Cumberland Ely and Greene Cananea fell back from early highs.

MENTIONED IN THIS ARTICLE

Standard Oil Nevada Consolidated Miami Copper Boston Copper Cumberland-Ely Greene-Cananea and Butte Coalition Mee

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Market closes with varied bond and stock quotations

Government bonds quoted with bids and asks across 2s to 30s, including Panama, Adams Exp, Am Coal, Am Exp, Am L Co, and rail and utility stocks. Numerous figures show closing prices, percentages, and notable listings such as New York and Canadian issuers, reflecting mixed activity and pricing shifts.

MENTIONED IN THIS ARTICLE

Lult Panama el Adams D. Tel L. Co L. Coras Acbeek St. Fd Ts & C

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Calendar for Today Annual Meeting at American Gine Company

A special meeting is scheduled today for the Marsden Company alongside the annual meeting observance at the American Gine Company. Details remain sparse in the calendar entry.

MENTIONED IN THIS ARTICLE

American Gine Company Marsden Company

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Money on call rates and exchange figures in a busy market

Money on call on the Stock Exchange hovered near 1 percent with the last loan at 1 1 4 percent and time money at 2 percent for sixty days. Mercantile paper rates ranged from 3 4 percent to 5 percent. Clearing House reported exchanges of 23 371 982 dollars with balances of 9 843 643 dollars. Sterling exchange closed steady around 4 86.83 to 4 86.90 in spot and 4 85.20 to 4 85.30 for sixty days. Continental bills showed mixed quotes in francs guilders and reichsmarks with New York, Boston, and St Louis exchange at par or small premia.

MENTIONED IN THIS ARTICLE

Eee Eeese Reese Peer Esese Eeese Esesseresesesese Cae Ask Allel Ppehe Sen Allis-Chalmers Allis-Chalmers of Bay Amalgamated Ccp Amer. Agricul. Chem Amer Ar & Foundry Car & Found Hide & Leather WOO Am Hide & Leath Ice Securities Amer. Smelt Am. Smelt. Sec Ees American Tel. & Tel Arch Atlantic Oast Line Baltimore & Ohio Bethlehem Steel Bethlehem Steel Pf Brook. Rapid Transit Brooklyn Nion Gas Canadian. Pacific Central Leather Co Ee South Am Chesapeake & Ohio Chicago& Altoneee Ewee Chicago Gt. Western Oy Ss Chi. Gt. West Chi Mil St. Paul St.p. F Econe Northwestern Clev., Co. Ct Colorado Fuel & Er Colorado Southern Col. South Delaware & Hudson al O- Denver & Rio Grande Den Rio Grande Meee Distillers’ Securities Duluth Duls Erie & Ape Ee Ee Ee Erie Great Northern G. N. Certs Interborough- Met Interborough-Met Harvester Ber International Paper Steam P. Pt Iowa Central Louis Ile & Nash Oor Mack.Cos Eye Mackay Cos. Pf Mercantile Marine ‘Pe Metro Railway St. Louis St. P S.S.M Cansag &Texas Missouri Pacific Kan Newhouse M .Nat.r.r Nh.& Hart N. J. Telecete N. Ont. & West Norfolk & Western Eee Ae Pennsylvania R. R Peoria & Eastern People’s Gas, Chi Senor Pittaiur Coal Pullman Company Rep Iron i Rock Island Co St. L Southern Pacific Tennessee Texas & Pacific Tol St. & Well Twin City R. Transit Union Bag & Paper Union Pacific Settee Eee U. Seel S. Steel Pf Eg Eeeer Utah Copper Ois Fly Caro. Chemi Ac Caro. Chem. Pt. Nae Westinghouse E. &. M Westinghouse Wisconsin Central Stock Exchange Mercantile Paper Clearing House Treasury Sterling Exchange Frances Reichsmarks Guilders New York Boston Chicago New Orleans San Francisco

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Silver Quotations From London and New York

Bar silver in London traded at 243-164 per ounce while New York quoted 52 and a quarter cents. Mexican dollars were priced at 45 cents.

MENTIONED IN THIS ARTICLE

London New York

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Metal prices steady with copper gains on London and NY exchanges

Copper held steady on the Metal Exchange with lake and electrolytic bids higher and castings up. London closing showed spot at £59 5s and futures at £60, while tin weakens to £136 10s spot and £137 15s futures. Lead eases to £13 with small decline, spelter steady near £19 5s, and standard foundry at 49s. Cleveland warrants steady at 50s. NY bid and ask figures for spot delivery compared to Friday show gains in lake and electrolytic copper and mixed shifts in other metals.

MENTIONED IN THIS ARTICLE

London Standard Foundry Cleveland New York Metal Exchange Frida Mda Lake

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Canadian Northern and peers rail companys June 1908 totals

The report lists June gross and expenses for Canadian Northern Railway and comparators such as Great Southern, Chicago NorthWestern, and others. It covers monthly and 12 month figures for 1908, 1907, and 1906, showing gross, expenses, and net results across multiple routes and periods.

MENTIONED IN THIS ARTICLE

Alabama Great Southern Chicago Indianapolis Louisville Cincinnati New Orleans Texas Pacific— Ae Duluth, South Shore Atlantic Minneapolis, ST. Paul & Sault Ste. Marie Mobile & Ohio Texas & Pacific Chicago Northwestern Canadian Northern Railroad Company

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Wheat futures report summary and options spread

Consolidated Exchange notes a headline wheat trade with 119 150 bushels and 875000 bushels traded. Reported option figures show percentages 80 90 and 89 percent across contract terms.

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Notable Stock Transactions in Produce Exchange

Yesterday's stock report lists principal transactions in the Produce Exchange stock department with opening, high, low, and closing prices. Items include Branch Mint at .04% to .05, and McKin-Darragh at .73 to . a3, with 60 day buyer terms.

MENTIONED IN THIS ARTICLE

the Produce Exchange McKin-Darragh

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Chicago Stock Exchange notes brisk trading and price shifts

American Can preferred trades at 61% on the Chicago Exchange, with gains for American Radiator to 150 and Commonwealth Edison dipping to 102%. Quaker Oats preferred at 99, Swift steady at 104% while Sears Roebuck preferred edges up to 90. Market clearings reach 35,154,739.

MENTIONED IN THIS ARTICLE

New York Times Chicago American City Railway Commonwealth Edison Quaker Oats Swift Sedis-Roebuck Pence Stock Exchange Booth & Co Chicago City Railway Chicago Railway 2Ds Catcaes Subway Chicago Telephone Illinois Brick National Biscuit Quaker Oars Sears-Roebuck South Side Elevated Street’s Swift &Co United Boxboard Pf New York Wibedas

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Trading in Baltimore Market Signals Mild Softness

In Baltimore on July 27 the market moved narrow with a softening bias. Seaboard 4s fell to 56 1/2, Consolidated Gas Electric Light and Power 41s slipped to 41 1/2, United Railway 4s eased, and Cotton Ducks declined 1/4. Georgia and Alabama Os rose to 98, with total shares 215 and bonds $69,000 traded.

MENTIONED IN THIS ARTICLE

Baltimore New York Times Seaboard 4S Consolidated Gas United Railway Georgia Alabama Philadelphia United States Steel Tel Rys Simelters Brooklyn R. Tease Cambria Steel Catawissa Catawissa 2d Rae Co N. Am Lehigh A Lehigh A Lege Steer Eee Ei Wae Gas -Lehigh Nav Marsden Co Wigan Parte North Pennsylvania Pennsylvania Phila. Co Wee Eens Phila. Co Fvaewes Phi la Rapid Transit Reading Alg Tonopah Mining Union Eet Teeters United Cos N Wes United Gas Imp.resses Ss Steel Seer U Saeepe Warwick Steel Eue

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Swift & Company Fresh Beef Sales in New York Weekly

Swift and Company reported weekly sales of fresh beef in New York City ending Saturday July averaged 8.26 cents per pound. The report highlights price per pound and weekly sales activity for the meat market.

MENTIONED IN THIS ARTICLE

Swift& Company New York City

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Grain markets slide on large receipts and weak export bids

Wheat futures fell about percent to percent as big receipts and Southwest arrivals pressured prices. Kansas City led purchases with 686000 bushels while Winter wheat centres received 1,122,000 bushels and the Northwest 847 cars. Corn declined with larger receipts and mild cables, cash No 2 at 83 to 84 cents.

MENTIONED IN THIS ARTICLE

Kansas City Northwest Liverpool Berlin Budapest Southwest New York Northern Duluth Chicago

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Treasury balances show funds in reserve and trust totals

The daily Treasury statement lists the reserve fund at 150 million dollars in gold coin and bullion, trust funds to redeem outstanding certificates at 928,866,569 dollars, 4,020,000 silver dollars of 1800, the general fund at 197,558,007 dollars, and current liabilities at 121,759,588 dollars, with deposits in national banks totaling 128,201,666 dollars and Philippine Treasury reimbursement awaiting.

MENTIONED IN THIS ARTICLE

Washington, D. C Treasury Dgcee General Fund Philippine Treasury Cuadsosacue

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Cotton Market Shows Unusual Near Month Strength

Cotton advanced in near months with October at 9.75 bid and September up 21.42 points while new crop months rose modestly. Sales estimated 75 000 bales as early session weakness gave way to late strength, with spot cotton steady at 10.80 middling and Gulf at 11.06, across Savannah Norfolk Augusta Houston New Orleans and Memphis markets noted with mixed slight changes.

MENTIONED IN THIS ARTICLE

Fgl Gulf Savannah Norfolk Augusta Quist Houston New Orleans Memphis

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Coffee Market Shows Quiet Trade Across Ports

Coffee market was calm with 8250 bags moved and prices steady after a partial decline. Rio rose 75 reis while Santos advanced 50 reis for 7E, 4s unchanged, and French and Hamburg markets dipped modestly. US weekly receipts reached 107,789 bags with New York at 74,703. Rio and Santos shipments totaled 307,000 bags for the week.

MENTIONED IN THIS ARTICLE

Hamburg Rio Santos United States New York Coewciences OH Weseses Eatege See Sa Sven

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Also Mentioned on This Page

Plympton, Gardiner & Co Members News Stock Exchange Willoe ST N. Y A.B. Leach & Co Broadway, New York Bertron, Storrs Griscom Roueew Oef X. Y. Btock Exchange N.W. Harris & CO Bankers Pine Street William New York W.l.lyons & CO Becca Ee York Cotton Exchange Chicago Board of Trade Louisville Stock Exchange Exchange Broadway Aks Ie Flatiron Louisville, KY Keller Building William P. ‘Bonbright York Colorado Springs Broad St George St Mansion House Bh. c Dominick & Dominick New York Stock Exchange Broadway Ae Griswold Re Point New London Onn Simon Borg & CO Bankers Nassau St Investment Securities Hornblower & Weeklers & Brok West Brown Brothers & CO Wall Street Tucker, Anthony & CO Bankers and Brokers Stock Exchanges State Street Fulton Nassau Street Lawyers Title Insurance & Trust Company Liberty Street Montague Street Brooklyn Washington Test Company Postal Tel New York Realty Owners Co J. Thomas Reinhardt Xchange Mass London Sales Taft Mment Vl Wit Ase O Ane Enn Ver Alvacos Mt & St P Ghats A1. & P Walnding Outside Securities Nevada Con Bales Manhi Alask 7Atiar Bosto But Butte Ves Sith Za Itund Osseas Railroad Fetals. & M Bild Maasaaa Adams Steel Foundry Soo Bly &5 Hay State le Boston Copper British Col. Coppi Central Foundry És Chicago Subway Davis-Daly Stee Dolores Dominion Copper First National Copper Daisy Tees Ad Greene U Greene Greene-Cananea Gremme Gold Ann Penn.-Wyoming Seaboard Co Eee LSM Luty ii United Copper Teens Yukon M. Una S&c Jed As Cates G. Pf Les Sea Wake Store Uwong Island Man. C. R Wan, Beach Dan Jlev Ler Ley Onaol. Coal Tuba Pf Det U. Ry T. H Ev Sere Pac U. 3 Ers An. C. Co Gen. C. Co S. T E. R E.R S. R Vulcan Iowa Ae & M C. So Verima Bee We L. FE Money and Exchange Metal Market Reports Consolidated Exchange Alice Atlanta Belcher Best & Belch Con. Cal. & V Daly Diamondfield Jim Butler Lone Star Montg. Mount Potosi Portland Mary Seeeee Produce Exchange Chicago Stock Exchange Ala. C Ar L. New Res Ala G. B Seaboard United Ry Reistertown Turnpike Pittsburg Crucible Steel Crucible Steel Pf Eoees Independ Mars. Light & Heat Marsden Eos Vavdee Pittsburg Brewing Pittsburg Coal River Ross Rees Tis S. Steel Seco Aeee West U. S. Steel Elec. 2Ds Pittsburg Brew Grain and Provisions Senee Diele Cane E SPCR the Treasury Balances Guardian Trust Company ‘of Frank W. Woolworth George W. Fairchild A. E. G. Goodridge Lathrop C. Haynes Alfred M. Barrett Lamar Ross

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Articles on This Page

Market Volatility Tied to Distribution and Taft Letter

MENTIONED IN THIS ARTICLE

New York Stock Exchange Activity Noted for July 27 1908

MENTIONED IN THIS ARTICLE

Transactions in Bonds and System of Notes Listed

MENTIONED IN THIS ARTICLE

Outside Securities Slump Amid Sluggish Trading in Nevada Stocks

MENTIONED IN THIS ARTICLE

Market closes with varied bond and stock quotations

MENTIONED IN THIS ARTICLE

Calendar for Today Annual Meeting at American Gine Company

MENTIONED IN THIS ARTICLE

Money on call rates and exchange figures in a busy market

MENTIONED IN THIS ARTICLE

Silver Quotations From London and New York

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Metal prices steady with copper gains on London and NY exchanges

MENTIONED IN THIS ARTICLE

Canadian Northern and peers rail companys June 1908 totals

MENTIONED IN THIS ARTICLE

Wheat futures report summary and options spread

Notable Stock Transactions in Produce Exchange

MENTIONED IN THIS ARTICLE

Chicago Stock Exchange notes brisk trading and price shifts

MENTIONED IN THIS ARTICLE

Trading in Baltimore Market Signals Mild Softness

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Swift & Company Fresh Beef Sales in New York Weekly

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Grain markets slide on large receipts and weak export bids

MENTIONED IN THIS ARTICLE

Treasury balances show funds in reserve and trust totals

MENTIONED IN THIS ARTICLE

Cotton Market Shows Unusual Near Month Strength

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Coffee Market Shows Quiet Trade Across Ports

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Also Mentioned on This Page

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