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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jul 29, 1908
Page
11
Sentiment remains mixed but bullish in Wall Street summaries. Traders debate permanence of positions as scalping thrives and brokers relay reactions to Taft acceptance and Union Pacific and Steel meetings. Gossip swirls over holding company plans, copper trade, and railroad rate debates shaping near term moves.
The cotton market showed a quiet and uneven day with prices fluctuating within a narrow Marrow range. Sales were about 75 000 bales with the closing mixed, and spot cotton in the local market was quiet with a drop of 10 points for mid upland at 10 70 and middling Gulf at 10 05. Southern markets varied with Wilmington Augusta Houston Galveston Savannah Norfolk New Orleans Memphis reporting modest changes or steady tones.
The Treasury reported the reserve fund holding gold coin and bullion. Trust funds to redeem outstanding certificates show gold and silver balances. General fund deposits in national banks and Philippine Treasury figures are listed, with awaiting reimbursement and liabilities tallied.
July 28 dispatch notes abundant money on London market with 1,000,000 pounds calls and steady silver at 241 1 4d per ounce. Consols rose then drifted, rails firmer, Paris buyers solid, American securities easing early then improving before fading. New York support reduced losses, later selling pressure. Paris closes firm with dull turnover. London exchange checks at 25f 15c. Berlin Boerse shows moderately firm trading and lower prices.
Foreign public securities list American mining stocks with London prices. Camp Bird Esperanza Tomboy Dolores El Oro Stratton’s Ind notes include figures in pounds and pence, showing bid and ask levels from the session.
The City of New Rochelle invites sealed proposals for the sale of Fire Department bearer bonds of 1908 in units of 1000 dollars each. Bids due August 18, 1908 at City Hall. Interest payable May and November. delivery August 21 at City Treasurer’s office. Proposals require certified check for 5 percent of par value. The city reserves right to reject all bids. City Clerk William G. Rainsford and Mayor George G. Raymond sign.
A historical note lists several branch addresses including 1822 Chartered Nos. 16 18 20 and 22 William Street and 475 Fifth Avenue New York with London offices at Bishopsgate Street Within and 41 Boulevard Housemaam, indicating a network of offices under one organization.
Sealed tenders for purchase of the Atlantic and Lake Superior Railway from Caplin to Paspeblac Bonaventure Quebec and for Baie des Chaleurs Railway from Metapedia to Caplin totaling eighty miles plus rolling stock will be received by the Registrar Exchequer Court of Canada in Ottawa until noon September 9 1908. Forms and information available from Casgrain Mitchell Surveyor Canada Life Building Montreal. Dated June 10 1908. Also notice of redemption of twenty two First Mortgage 5% bonds of the San Francisco and North Pacific Railway by The Mercantile Trust Company with payment in New York on February 8 1909.
Bondholders Protective Committee filed a Plan of Reorganization dated December 28, 1907 and lodged with depositaries The Equitable Trust Company of New York and Old Colony Trust Company of Boston Copies are available on request Over ninety percent of bonds are deposited with the Committee Additional deposits without penalty are due by August 12 1908 at the two depositaries Alvin W Krech of New York signed as Chairman on July 29 1903
Notices announce a June 15 1908 acquisition of Edward A Price estate interest by Peter B H Worrall Frank I Worrall forming Fred Butterfield Co at 725 Broadway Manhattan NY. Also lists cash dividends from Illinois Central American Locomotive Jefferson Coal Iron American Chicle United States Steel One Fifty five Amity Street Ramsay Somervene dissolution and Schumacher firm changes.
City of New Rochelle invites sealed proposals for sewer construction bonds Series of tens with par value 52214.00. Bids due by eight o’clock Tuesday August 18, 1908. Bonds issued May 1 each year, interest semi annual May and November. Minimum bid at par. Proposals on printed forms. city reserves right to reject all bids. New Rochelle July 23 1908. William G Rainspurd City Clerk George G Raymond Mayor.
Proposals will be received at City Hall New Rochelle on August 18 1908 at 8 PM for the purchase of all or part of 145000 Relief Bond series to be issued by the city. Bonds run May 1910 with semiannual interest and a final May payment of 5000. Bid must be par value, certified check 5 percent of par. City Clerk William Grains and Mayor George Raymuns announce.
Sealed proposals will be received by the City Clerk of New Rochelle New York until August 31 1908 at eight o'clock for purchase of all or part of one thousand dollar 4 5 percent school bonds dated August 1 1908 maturing in installments each May and November thereafter. Bids open August 23 1908 at ten o'clock. City officials reserve right to reject any or all bids.
Special to The New York Times reports the official closing quotations for mining stocks in San Francisco on July 28. Details list various company securities, their latest prices, and daily changes as traded on the mining stock market in the Pacific region.
Frederick S Glover and Bernard A Binn seek Cotton Exchange membership. James F Lewis joins Howard E Epps & Co. at 15 William Street. H P Davidson of First National Bank sails for Europe for several weeks. President George F Baker remains abroad until October.
The State Commission in Lunacy invites sealed proposals for furnishing and installing four horizontal tubular boilers at StudSon River State Hospital in Poughkeepsie New York. Bid deadline is August 12 1908 at 3 PM in Albany. Proposals require a 60 dollars certified check and a 60000 bond. drawings and specs available from Hudson River State Hospital or State Architect Franklin B Ware.
The City of New Rochelle invites sealed proposals for up to 26 certificates of indebtedness of 1000 each dated August 1 1909 payable five years from date with option to pay after one year. Interest five percent. Bids due August 18 1909 at City Clerk William G Rainsford.
A U S Circuit Court order allows the Metropolitan Street Railway receivers to suspend car service on the Twenty eighth and Twenty-ninth Streets Crosstown Railroad. Committers plan to deposit first mortgage bonds with Central Trust Company of New York to empower action and safeguard bondholders amid company insolvency. July 28, 1908.
Notice from New York dated July 22 1998 announces the annual meeting of the stockholders of MME Krauss & Company at 479 Sixth Avenue Manhattan for the election of directors on August 4 1908 at 2 PM. Annie Krauss secretary also notes a quarterly meeting of the American Institute on Thursday August 6 1908 at 19 W 44th St at 8 PM with R A B Dayton secretary.
Sealed estimates for asphalt paving on the North and East Rivers under Contract 1136 are due by noon August 10, 1908 at Pier A Battery Place. Dredging between 28th and 36th Streets in Brooklyn under Contract 1148 due by noon August 5, 1908. Sealed bids for furnishing two automobiles under Contract 1140 due by noon August 4, 1908.
Daily and Sunday editions mailed nationwide at Toe per month and Daily Edition Inc at Toe per month. Orders may be sent through newspapers or directly to the Publication Office. Telephone 1000 Bryant.
Andrew J. McCormack conducts an auction for executors on July 20 1908 at 14 and 16 Vesey Street. Items include German American Bank shares Westinghouse United States Steel and many other bonds and stocks in liquidation. Numerous banks railroads and utilities listed as part of the portfolio.
The city invites sealed proposals for a 1 000 000 stock issue to fund a new sewerage system. Bids due August 21, 1905, with deposits, registered forms only, and settlement at City Register. Authorized by Maryland law and Baltimore ordinance, bidders must meet payment and delivery terms. Lost stock notices also appear for United States Steel certificates registered to Isabel S. Stine and Howard M. Lum.
Sealed proposals for furnishing subsistence stores in New York City and for trunk lockers were invited by U S Army offices on July 25 1908. Proposals for forage at West Point were also sought with deliveries to run through the fiscal year ending June 30 1909. Bids due August 5 1908 for subsistence stores and August 13 1908 for lockers with envelopes endorsed Proposals for and addressed to the respective quartermasters.
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