Third Day of Liquidation Impacts Stocks Across Market
The market saw a third consecutive heavy liquidation with large long positions dumped on three distinct days before a tentative turn. Investors reacted to adverse news including tensions between England and Russia as readings from Reading and Amalgamated Copper showed sharp drops. Louisville & Nashville rose on a dividend increase but overall trading was thin with limited outside participation.
MENTIONED IN THIS ARTICLE
Jay Wee
Sali
Exchange
England
Russia
Wall Street
Amalgamated
Standard Railroad
Jine
London
Louisville & Nashville
Louisville
Closing Quotations From Colorado Springs Exchange
Special to The New York Times reports today's closing quotations from the local Exchange with bids and asks for Elkton McKinney Paso Portland Gold Dollar and other listings. The prices show modest gains and slight variations across the mining and commodity names active in the market.
MENTIONED IN THIS ARTICLE
New York Times
Colorado Springs
Col
Elkton
McKinney
Paso
Portland
Vindicator
Frobella
National and Banking and Stock Exchange News Briefs
National Bank of Commerce sells £250000 to Buenos Aires on June 23. Felix E. Kahn and Rector K. Fox elected directors of the New York Stock Exchange yesterday. Frederick Strauss returns from Europe as a partner of J. W. Seligman & Co. Raymond J. Chatry retires as general partner of J. K. Rice, Jr. & Co and becomes special partner. sails June 26 for Europe. Dick Brothers & Co to open a branch in New London Conn on June 25 under Charles Luther Bernham with a direct private wire to 30 Broad Street. Quicksilver Company elects new Board of Directors including Albert Fries Gustav Frank J. L. Lilienthal C. A. Noyes Joseph Shepmete Charles Stern H. Swayne A. D. Sikes C. M. Tremaine.
MENTIONED IN THIS ARTICLE
National Bank of Commerce
Buenos Aires
Felix E. Kahn
K. Fox
New York Stock Exchange
Frederick Strauss
Stock Exchange
J. & W. Seligman & Co
Europe
Raymond J. Chatry
Mr. Catry
Eupore
Dick Brothers & Co
Griswold
Eastern Point
New London
Conn
Charles Luther Bernham
Broad Street
Quicksilver Comny
Albert Fries
Ustave Frank
J. L. Lilienthal
C. A. Noyes
Joe Shepmete
Charles Stern
H.fred H. Swayne
A. D. Sikes
C. M
M. §. Tremaine
Interborough Seeks 10 Million Bond Issue Under Mortgage Plan
Interborough Rapid Transit asks the Public Service Commission for permission to issue 10 million in bonds under a 55 million mortgage to retire three year notes. Bonds would bear 5 percent interest and be sold or exchanged at par. The petition by August Belmont and Richard Reid Rogers notes prior mortgage authorizations and outlines past dividends and finances. A hearing date will be set later.
MENTIONED IN THIS ARTICLE
Interborough Rapid Transit Company
Public Service Commission
August Belmont
InterBorough Company
Richard Reid Rogers
Pope Manufacturing Company
Central Trust Company of New York
Wall Street
Manhattan
New York City
New York
Albert L. Pope
Call for Transfer Change on Metropolitan Street Railway
A circular to re funding bondholders led by Edwin S. Marston urges reducing traction fares to 5 cents and reforming the transfer system before any reorganization of the Metropolitan Street Railway. The report notes insufficient income to pay bond returns, tax increases, costly long term leases, and a need for new capital and public action to prevent collapse.
MENTIONED IN THIS ARTICLE
Edwin S. Marston
Metropolitan Street Railway
New York City
European markets report steady but dull trading
London stocks opened easy with weak Kaffirs and copper shares but later buyers lifted Kaffirs above the day’s lows. Consols firmed on a strong bank statement while copper remained weak. Paris prices held steady as Berlin sessions showed dull trading awaiting Reichstag results. Bar silver held at 24½ per ounce. Money rates and discount figures were listed for short and three month bills. Canadian Pacific and Baltimore & Ohio rose in U S trading.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Continental
Kaffirs
New York
Berlin
Reichstag
Canadian Pacific
Baltimore & Ohio
Bank of England weekly statement shows mixed changes
The Bank of England reports reserves up by 1,895,000 pounds while circulation falls 336,000 and bullion rises 1,559,064. Other deposits gain 2,445,000 as public deposits drop 893,000, notes reserve up 1,818,000, and government securities unchanged. Reserve to liability ratio rises to 50.66 percent from 48.70 percent.
MENTIONED IN THIS ARTICLE
London
Bank of England
Changes in German Imperial Bank Reserves and Balances
The weekly statement from the Imperial Bank of Germany shows cash in hand up 45,272,000 marks, loans up 7,345,000 marks, discounts down 4,354,000 marks, Treasury bills down 10,038,000 marks, notes in circulation down 35,875,000 marks, deposits up 75,087,000 marks, and gold in hand up 29,761,000 marks.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Bank of France weekly statement shows mixed changes
The Paris Bank of France reports notes in circulation down 44.6 million francs, Treasury deposits up 28.1 million, general deposits up 25.45 million, gold in hand up 9.95 million, silver up 3.6 thousand, bills discounted up 12.3 million, and advances up 1.025 million.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Treasury
Wheat and Corn Markets End Mixed Amid Weather Watch
The wheat market closed firm after an irregular session with gains from English market steadiness and Southwest wet harvesting delays. July and September futures rose to 1.235 and 1.15 dollars respectively, while cash No. 2 red and highest North American grades traded around 1.51 and 1.8754. Corn futures strengthened on strong Chicago shipments and Eastern cash demand, despite light receipts. No. 2 corn quoted 85.5 cents in elevator and 66.4 cents FOB for new winter, with other grades nominal.
MENTIONED IN THIS ARTICLE
Liverpool
New York
Duluth
Chicago
Ohio Valley
Southwest
Metal prices slip on copper weakness and tin gains
Copper weakens on the Metal Exchange as Lake remains unchanged while electrolytic and castings fall. Tin dips slightly but spelter rises 2 percent. lead holds after a mixed London session with copper futures sliding 12s 6d from Wednesday. London close shows spot copper at £58 7s 6d and futures at £59 5s.
MENTIONED IN THIS ARTICLE
Metal Exchange
Lake
London
Cleveland
New York Metal Exchange
Railroad earnings and profits report snapshot 1909
The report lists gross and net earnings for multiple lines including Baltimore & Ohio for May 1909 and eleven month totals. It shows increases and decreases across lines such as Buffalo Rochester Pittsburg and Wabash with figures for gross expenses and net earnings. Dominion Iron and Steel reports total net profits for year ending May 31 and year surplus figures with interest payable details.
MENTIONED IN THIS ARTICLE
Buffalo
Rochester & Pittsburg
Twin City
Wabash
Baltimore & Ohio
Dominion Iron and Steel Company
Fight on Over Collins Will Sparks Bronx Family Suit
Three grandchildren of Mrs Marie J E Collins of the Bronx file suit through their guardian to overturn her will alleging undue influence. They claim she conveyed over 100000 to daughter Marie J Carey before death while prior estates were managed by Charles H Collins. Hearing set before the Surrogates Court.
MENTIONED IN THIS ARTICLE
Marie J. E. Collins
Valentine Avenue
The
Bronx
Collins
Charles Henry Collins
Broadway
Marie J. Carey
William F
Margaret
Nathalie Collins
Farmers Trust Elects New Officers and Board Members
At the Farmers Loan and Trust annual meeting officers were promoted and two new assistant cashiers named. New positions include Edwin S. Marston as President and J Kenneth MacAlpine as Cashier. Trustees elected to fill vacancies: Frank A. Vanderlip Percy A. Rockefeller John W. Sterling and Augustus V Heely following H H Roger's death.
MENTIONED IN THIS ARTICLE
Farmers’ Loan and Trust Company
Edwin S. Marston
Samuel Sloan
Augustus V. Heely
William B. Cardozo
Cornelius R. Agnew
Robert E. Boyd
William A. Duncan
Horace F. Howland
J. Kenneth MacAlpine
J. Se Baa Tally
Francis A. Wilson
Herbert Wellington
Harry D. Sammis
Frank A. Vanderlip
Percy A. Rockefeller
John W. Sterling
H.H. Roger
Transcontinental Chicago to Seattle Rail Line Opens
Announcement from Chicago states the 1400 mile Chicago Milwaukee and St Paul extension to the Pacific Coast is ready for business under one management. President A J Earling wired from Seattle confirming the formal notice. The first Chicago to Seattle shipment began that day, completing a 145 hour journey.
MENTIONED IN THIS ARTICLE
Chicago
Pacific Coast
Chicago, Milwaukee & St. Paul
the Road
A. J. Earling
Seattle
Felix E. Kahn Elected Member of New York Stock Exchange
Felix E. Kahn, brother of Otto H. Kahn of Kahn Loeb & Co, was elected a member of the New York Stock Exchange yesterday. He is with Herzfeld & Stern with sponsors Mortimer L. Schiff and Otto Lowengard. Rector K. Fox also elected to membership.
MENTIONED IN THIS ARTICLE
Felix E. Kahn
Exchange
Otto H. Kahn
of Kahn, Loeb & Co
New York Stock Exchange
Mr. Kahn
Stock Exchange
Herzfeld & Stern
Mortimer L. Schiff
Otto Lowengard
K. Fox
Louisville and Nashville Declares 3 Percent Dividend
The Louisville and Nashville directors yesterday announced a semi annual dividend of 3 percent payable August 10 to stockholders of record July 20. The rate rises 1 quarter of one percent from the prior semi annual payout and returns to 6 percent per year from the 1908 reduction.
MENTIONED IN THIS ARTICLE
Louisville & Nashville
Washington Water Power CO
Spokane
Washington
Henry M. Richards
Investment broker Specht arrested on suit for 4600
Augustus R. Specht an investment broker at 35 Nassau Street was arrested by Deputy Sheriff Sullivan on an order from Supreme Court Justice Guy in a suit brought by Robert M. G. Walford to recover 4600 on a stock deal. He posted 2500 bail and was released.
MENTIONED IN THIS ARTICLE
Augustus R. Specht
Nassau Street
Sullivan
Supreme Court
Guy
Robert M. G. Walford
Chicago market activity shares mixed with Booth Fisheries gains
Booth Fisheries common rose from 13 to 15 before midday then to 14 after. American Radiator fell while Biscuit common and preferred rose. Title and Trust moved to 133 with a gain. Booth Fisheries common later advanced to 14 and preferred to 49.14. People’s Gas dropped, Telephones slid, and Biscuit climbed to 1235 amid active trading, with many listed securities showing varied highs and lows.
MENTIONED IN THIS ARTICLE
Chicago
Booth Fisheries
American
Biscuit Common
Title and Trust
Fisheries Common
People
Street
Common
Booth Fisheries Pf
Edison
Chicago Bus
Sears-Roebuck
Swift & Co
Chicago Title & Trust
United Boxboard
Chicago Telephone
Ilinois Brick
National Biscuit
Treasury totals and a cotton grain forecast reported
Washington reports the day begins with a 150 million dollar reserve fund and various trust fund balances plus deposits and current liabilities. The Weather Bureau predicts Friday and Saturday showers for the cotton and grain states with scattered fair periods and light to moderate winds across Georgia Florida Texas and the Midwest.
MENTIONED IN THIS ARTICLE
New York Times
Washington
United States Weather Bureau
North
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Utah
Arkansas
Tennessee
Kentucky
Ohio
Indiana
Illinois
Michigan
Upper
Wisconsin
Minnesota
Iowa
Missouri
South Dakota
Nebraska
Kansas
Trading in Baltimore Sees Bond Prices Rise
In Baltimore on June 17 the day’s trading center was the continued rise in American bonds, advancing 6 1 6 points to 87 percent. Volume included shares totaling 1 065 and bonds worth 70 000 dollars.
MENTIONED IN THIS ARTICLE
Baltimore
New York Times
Multiple Company Dividends Declared In June 1909
Several banks and corporations including Hudson Trust Company American Prats cx Railway and The Electric Storage Battery Company announced semi annual or quarterly dividends. Record dates range June 21st to June 29th 1909 with payments due July 1st 1909. Transfer books close on various dates prior to reopening in July.
MENTIONED IN THIS ARTICLE
Hudson Trust Company
Broadway
Thirty-ninth Street
Richard A. Purdy
Prats cx Railway
Jersey City
N. J
L. Carroll Root
Electric Storage Battery Company
Allegheny Avenue
19Th Street
Philadelphia
Walter G. Henderson
eCeat
Rochester & Pittsurgh Railway Company
New York
Allegheny & Western Railway Company
Ernest Iselin
Cumberland Telephone & Telegraph , Company
Nashville
American Cities Railway Light CO
Fort Hancock
Department of the East
Governor's Island
U. S
W. J. Hawkins
U. S. Army
The Man Who Knows The Man Who Knows One Dollar a Year by Mail
A Times Square feature profiles a quirky figure rumored to know a man who tracks a single dollar a year by mail. The piece explores local lore and the peculiar network of correspondents in New York.
Also Mentioned on This Page
San Francisco
Best & Belcher
Alphir
Potosi
Sseceseeecs
Savage
Chollar
ZilSag Belcher
Cal
Sierra Nevada
Imperial
Union
Wees
Crown Poin
Gould & Curry
Yellow Jacket
Hale & Norcross
Telegraph
Goldfield
Adams
Atlanta
Bulfrog
Colorado
Financial Notes
Interborough
Metropolitan Bondholders’ Committee
Tel
Atlantic Coast Line
Ches. & Ohio
St. L
Este
K. C. Southern
Cc. Ry. & Lt
Lacksteel Co
Lake Shore
Louis, & Nash
Michigan Central
Minn
St. Louis
N. Y. Central
Nort
West
Pennsylvania
Southern
Seer Nee
Tidewater Co
Elec. & Mfg
London Exchange
Bank of Germany
Lon- NY
Atchison
St. Pau
Erie
Illinois Central
Louis & Nash
Southern Pacific
Union Pacific
S. Steel
S. d. Camp Bird
Esperanza
Tomboy
Dolores
el Oroces
Stratton’s Ind
Grain and Provisions
Metal Market Reports
Collins Wile
Farmers’ Trust
Milwaukee
A. R. Specht
Chicago Stock Market
Asso
Eschenel
Ildaw
Philippine Treasury
Consolidated Exchange
Allis-Chalmers
Car & F
A. Tt
S.f.rts
Balt
Brook
R. T
Ches
Chi
Gt. West
Col ., Fuel & I
Col. Southern
Col. & H. Coal
Con
den. & R
Dist. Securities
Gt North
Ill. Central
Inter.-Met
Inter.-Med
Int. S. Pump
Kansas City S
Louis. & Ene
Mo. Pacific
Central
Pacific
Pacific Mail
Rotary S. S
Rep. Steel
Rock Island
Rock Is
Southern Pac
Southern Ry
Texas Pacific
Western Md
Atlanta Sane
Blue Bells
Chollar Secree
Comstock
el Paso
Goldfield Con
Anacostia & Poto
G. B.S. Brewing
Seaboard
United Rys
United Rys.inc
M Pals
Fd Midland
American Bonding
Ala, Coal & Iron Pfd
Balto. Brick
Cagualty
Norfolk Ry. & Light
Seaboard Co
Mutual Bank
ST. New York
Hugh N. Kirkland
Chelsea Exchange Bank
A. E. Stilger
People’s Bank
Board of Directors
William Milne
Phenix National Bank
City of New York
B. L. Haskins
Jefferson Bank
WM. H. Devlin
New St
Broad ‘St
Consolidated Stock Exchange of New York
Ine
Iece
Franklin Society
Beekman Rt
Copartnership Notices
Walker Street
Borough of Manhattan
Thomas P. Walls
Charles J. Bray
J. M. Horton Ice Cream Company
East 24Th Street
Chauncey E. Horton
Mott Haven Apartments
Smith Building
148Th Street
Third Avenue
Borough of the Bronx
Charles F. Minor
Rotary Composing Machine Co
Borough of
City
County of
Samuel Ames
Rotary Jones Machine Co
American Designing & Reproducing Co
N.Y
American Designing and Reproducing Company
Fettretch, Silkman & Seybel
Park Row
Geo. LE Prevost
Fulton Trust CO
Board of Trustees
Henry W. Reighley
American Coal Products Company
P. W. Weeks
Treas
United States
Trustee Securities Company
Wall St
Rector
Union Trust Company of New York
Fifth Avenue
38Th St
Fifth Ave
New Yo York
Wabash Railroad
Thomas Gibson Corn Exchange Bank
Jackson Boulevard
Mexican Northern Railway
Beaver Street
Mexican Northern Railway CO
Morton Trust Company
Wall Street Journal
Bureau of Supplies and Accounts
Navy Department
D. C
Navy Yard
Brooklyn
N. Y
Navy Pay Office
Bureau
E. B. Rogers
Post Hospital
Army
Financial Review
Times Square
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!