Wall Street Sees Market Lapses After City Bond Sale Failure
The Friday failed sale of 29 million ity bonds depresses trading as investors bid only 2.5 million. Bankers cite loss of confidence and oversubscription rumors, while traders note low reserves and difficulty gauging the current market. Some pros reportedly pivot to cotton profits amid market apathy.
MENTIONED IN THIS ARTICLE
Fride
New York Stock Exchange closing prices June 29 1907
The market page lists closing bids and asks for major stocks led by Allis-Chalmers Amalgamated Sugar and numerous rail and steel issuers. Prices shown include values for Am. Car and Foundry 42 to 67, Atlantic Coast Line 95 to 87, and Erie preferred around 63 with wide activity across groups.
MENTIONED IN THIS ARTICLE
Wececcae
Sssececesecassere
Allis-Chalmers
Amalg
Eee
Am. Car & Foundry
Ice Securities
Am. Locomotives
Vocca
Am. Smelt
Am. Smelt. & R. Pf
Am. Tobacco
Atlantic Coast Line
Baltimore & Ohio
Reoklyn Sit
Ebutterick Peeechvest
Ae 395
Canada
Geeteane eWeoneat
Chesa & Qhio
Chi. Neat. Western
Chi, Os
St. Paul
Cai
Bt. P. Pf
St. P
Chi
Nort Western
St. Louis
West & Iron
Colorado’ & Southern
Delaware & Hudson
Den
Rio Grande
Distillers Securities
A. SB
Erie
Great’ Northern Pr
Great Northern Temp
Certs
Illinois’ Central
Ingersoll-Rand
Interborough-Met
Interb.-Met
Mercantile Ma
Internat
Iowa
Kan
City Southern
Louisville & Nash
Mexican Central
Minn
Tesas
T. Pf
Missouri Pacific
Nat. Lead Co
Nat. Lead Co. Pf
Norfolk & Western
North American
Northern Pacific
Pacific Coast
Pacific Mall
Pennsylvania R. R
Pittsburg Coal of
Rep. Iron & Steel
Ee Iron & 8
Ae On & Mtg
Island ¢ Co
Rock Island
St. L
Sloss-Shef. S. Ey
Southern Pacific
Ebhsee
Southern Pacific Pf
Ing
So. P. Pf
Istin. Pd
So. Pac. Pf
Southern Railway
Tennessee Copper
Texas
Woase Ee
Twin City R. Transit
A Neya
Union Pacific
United Rus
United Rus. Inv
Realty & Imp
Steel
Doo
London
New York
Lon- N.Y
N.Y
Netdon
Clos
Ch'ge
Amalgamated Coeee
Toe
Atchison
Atchison Pf. Oe
Ohio
Ches
West
Pacific
Denver
Corte Ee
Erie 2d
Illinois Central
Kansas
Eae
Louis
Nash
North West
M.pf
Boay North
Pacific Nort. & West
Ont. & Western
Pennsylvania
Railway
Padhisseseies South
Pacific o+ BOKex
Union Pacific F
Wabash . Eel
Wabash
Status of New York City Banks Non-member of Clearing House
The weekly statement lists closing quotations for government bonds and listed stocks for banks not members of the Clearing House Association, yet clearing through members. Figures are drawn from institutions to The New York Times and reflect quotes across numerous securities with varied bid and asked prices as of June 20.
MENTIONED IN THIS ARTICLE
New York City
NEW York ‘Torrs
Clearing House Association
New York Times
NEW York
CITX
Borough of Manhattan
Biol
Iowa
K. & M Csa
D. U. S-Omiley
Allis-Ch. Pf
Ag. C
G. T
A. H
Corn P. R
R. G
B. M
South
Clathama
Westinghouse Ay
Westinghouse Hock. V. Fr
Hock. V. Pf
L. E
Bas
Ing.-Rand
Os IW
Wis. Central
Wis. Cc
St. P
New York Clearing House
Eeeewe
Bavarian
Saxony
Hamburg
Cologne
Gecesesceesezess IW
Munich
Augsburg
Jankfort-on-Main
Flenna 4 Ag
Rente Ds
London
Philadelphia Prices Slide Amid Broad Steel and Mining Trading
Trading centered on Reading United States Steel and Tonopah Mining with Tonopah slipping nearly a percent on equity sales. Lehigh Navigation trust certificates fell 1 percent on an odd lot sale. Overall volume reached 221 shares as prices remained firm aside from minor shifts in select issues. Blair & Co. announced a $5,000,000 Chesapeake & Ohio note purchase to retire floating debt and fund improvements with notes due in 1910 bearing interest at a specified rate.
MENTIONED IN THIS ARTICLE
New York Times
Philadelphia
Reading
United States Steel
Tonopah Mining
Lehigh Navigation Trust
Totel
Blair & Co
Chesapeake & Olio
Foreign public securities trading declines sharply in June
New York stock exchange activity in June totaled 9,734,359 shares, the smallest monthly total since 1904, with daily lows on June 24 and June 22 marking record dull periods. Bond deals reached 21,666,500 par value, the smallest monthly total since 1900, amid broad declines year over year.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
New York Incorporations List Icily Listed
Albany June 29 The following concerns were incorporated today Sakivel 1 anes so ze ure cigars bacco Foner ee I Davis F J Day New York es Contract Company New York rectors A E Reby ses Corbett Rutherford N J n New York siainracd Terrace Realty Company New York capital 125000 Directors C B Sex bb See New York RL Stewag when N M state Company Bingham uors capital 100000 Directors W P Slack M J Reardon Jon Lynch Realty Company New York a 100000 pens G Lynch z eet New York BD Naylon Jr Bch M anufacturing Company Bis goumy ital on thomea au ee a Awlitn Mining Company Utica mining in anduras on Stele rext ae Directors ag MAT sa 0 00 Drei Directore A Witanon ee iE r A C Chase ere Company Be Brooklyn tal nw ee eee cee Loew LH tern ar Nork Derttase Men s Land aa Sven Sonen a at Anthony Finagore 0 Ww N New York foreign ts rectors ee: ey cportal es o9n Mee 2 Donald Findley Liberty Heights Construction Tormoon AA 25 000 2 B i Brooklyn Sis 2 Reeity Sellers No New York apstal FLO Be Directore A M Clegg J W Cleary
MENTIONED IN THIS ARTICLE
New York Times
Albany
Sakivel
Anes
Bacco
Foner Ee I. Davis
F. J. Day
New York
Es Contract Company
A. E. Reby
Ses Corbett
Rutherford
Siainracd Terrace Realty Company
Capital
A . Awlitn Mining Company
Utica
Anduras
On Stele
Rext Ae Directors Ag Mat Sa
Drei
A. Witanon
A. C. Chase
Brooklyn
Tal
Cee Loew
LH. Tern
Ar Nork Derttase
Men's Land
Sven Sonen
Anthony Finagore
Donald Findley
Liberty Heights Construction
Tormoon
Sis
Sellers No
Apstal
Flo
A. M. Clegg
J. W. Cleary
Financial Market Roundup From London Paris Berlin
The report shows firm money demand in London with easy discounts and limited stock exchange activity. Americans faced a temporary setback due to a New York bond sale failure, but values recovered to parity. Paris and Berlin posted weaker or mixed prices with Canadian Pacific rising. short bill discounts ranged around 3 to 6 percent across markets.
MENTIONED IN THIS ARTICLE
Financial District
Stock Exchange
London
New York City
New York
Bank of England
Egypt
Madrid
Lisbon
Stock Bank Dividends and Bond Notices Across New York
A flurry of dividend declarations from banks and companies in New York on June 1907 lists semi annual and quarterly payouts. Institutions such as The Merchants National Bank Manhattan Bank of New York State Bank German Exchange Bank Fourth National Bank Hanover National Bank Mechanics and Traders Bank Chatham National Bank Bank of America East River National Bank New York County National Bank Wabash Railroad United Tractions American Locomotive Company Bliss Power National Light Union Gas announce profits, transfer book closures and payment dates around July 1 1907.
MENTIONED IN THIS ARTICLE
Bank OF the Manhattan Company
New York
The
Manhattan Company
D. H. Pierson
Bank OF New York
National Banking Association
Wall St
Chas. Olney
the State Bank
Rend Street
Voorhis
German Exchange Bank
Edmund F. Swanberg
Fourth National Bank
City OF New York
Proximo
Charles H. Patterson
Hanover National Bank
Elmer E. Whittaker
Board of
H. P. Doremus
Bank OF America
W. M. Bennet
East River National Bank
Z. E. Newell
New York County
National Bank
James C. Brower
United Tractions and
Electric Comp
Jersey City
Sweetland
Treasure
Nashville Chattanooga
8St. Louis
le Ambrose
American Locomotive Company
Broadway
Leigh Best
FE. W. Bliss Company
Lee N. Y
Howard C. Seaman
Secretar
POWER
Franklin Society For Home Building and Savings
Franklin Society of New York
State Banking Department
Beekman ST
Park Row
N. Y
Dividends Declared by Several Major Companies in 1907
The notices detail quarterly dividends and payment dates for multiple firms including American Smelting and Refining, New York and New Jersey Telephone Company, Multiphone Operating Company, Western Ice Company bonds, and City of Memphis bonds. Key dates include June to July 1907 with record dates May 31 to July 5 and payments around July 1 to July 15.
MENTIONED IN THIS ARTICLE
Multiphone Operating Company
New York
Broadway
New York City
Isaac Thorman
Board of Water Supply
City of
Catskill
City Hall
City Record
Ulster
Orange
Dutchess
Putnam
Joseph Haag
Also Mentioned on This Page
Wall Street
Ah- Nouheed
Medh. Tr. Co
B. Pf
Enam. Lly
N.Y. C& Ge
Bes
Aelst
Pullman Co
Quicksilver
Ksil
Ry. St. Sp
Rub
G. M. Co
Rutland Pf
A & Kl
Coe Tee
Ss. LS
Bs. L
W. Pls
Weacas
Sears-R. Pf
Vik Rhi Cscassas
Teaas Cent
Bex. C. Pft
Tor
Pw W
3S. L. & Weat
Agieds
Uh “Pac. Pt
U. S
Val
W.F. Exp
U. T
Darwinski
Boston Stock Market
Boston
American Telephone
Edison Electric
Shannon Copper
Old Dominion
Ees
New Haven & Hartford
Bentks
Banks
Trust Cos
Columbia
Chelsea Exch
Coal & Iron
Fidelity
Hamilton
Jefferson
Mount Morris
19Th Ward
Plaza Setae
Riverside
34Th St. Na
12Th Ward
Union Exch
Yorkville Wash
Hei Waeee
Borough of
Boroukheee
Mechanics “Ee
Behe
Nassau Eee
North Side
Prospect Park
Borough of Queens, Woodhaven
Hudson
Hoboken
Aia
Bayonne
Bob
Associated Banks OF the
Io & Tel
Bicalba
Boston Elevated
Boston & Albany
Boston & Maine
Boston & Worcester Acts
Fitchburg Pt
Mass
Ic Pt
Bo Pere Marquette
West End
Profita
Eta
Bopeena
Bank of N
Bank of Man. Co
BELL
Mechanics’ Na Eee
America
Agri. Chem
Enix
Pneu. Service
Iona City
Woolen Pt
Arm
Ose Oan Iron & Steel
Sosneral Electric
A. Mech. & Traders
General Electric
Exch
Bank of Com
Seattle Electric Pf
Bank of N. A
Steel Pt Shee
DOD Tizena
Arcadian
Wae Com. S.seee
Orien & Trad. Nat
Wane
Arnold Tse
Butté Coalition
Cal & Arizona
Irving Na Nh
Centennial
Daly- West
Copper Cove
Domton Coal
Chase
Granby
jJerman
Greene-Cunanea
Wincoln
Ta Salle Seve
Garfield
North Butte
Bank of OX
Seaboard
Rock
Island
Serra
Coal & of
U. Smelt
Utab
Victoria Ehew Ewer Eben
Wash Sneer Wwe
Cambria Steel
Elec, Co
Foreign Public Securities
Paris
Berlin
Chicago Stock Market
Chicago
Chicago Edison
Chicago Subway
American Cos
American Canal
Canal & Dock
Chicago_ City Railway
Chicago Ee
Kansas City Ry. & Lt
National Biscuit Wateaste
Northwestern Elevated
Quaker Oats
Sears- Roebuck Wee
South Side el
United Boxboard
United Boxboard of Seas
Pittsburg Transactions
Pittsburg
H Low
District & Pails
Interior
Mt. Trittle
Pittsbug Brewing
Pittebure Con . Nee
Pitts. Lead & & Zinc
Ross Mining
Tonopah
Pitts. Bur. Co
Mae TS
Banks and Trust Companies
Merchants’ National Bank of the City of
Board of Directors
L Z. S. Freeman
Railroads
Wabash Railroad Company
New_York
John C. Otteson
National Light
Comtes
George D. Martin
Cease Union Gas Company
Binet
Ae Lins & Y
Wall York City
Ork
American Smelting & Refining Age
N. Y. City
American Smelting and Refining Company
Preferred Capital Stock Company
W. B.merriss
NEW York and New Jersey Telephone Company
Willoughby Street
Henry Sanger Snow
Franklin AY
Ated Exchange Houses
Consoli 'Stoppans & Hotghkin
Ted Stock Exchange of
Chicago Board of Trade, Ly
Fastradth St
Oene
Montague St
B’klyn
Nova Scotia
Micmac Boston Richardson
J. Thomas Reinhardt
Exchange Place
United Rico Mines
Gerald & Banfield
Broad ST
Catskill Aqueduct
Board of Estimate and Apportionment
Néld
BuUpecu
Board of Estimate
State Water Supply Commission
New York State Bankers’ Association
Frontenac
Thousand Islands