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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Mar 10, 1908
Page
11
The article notes a cautious but hopeful tilt in Wall Street as trading desks report physical cheerfulness without certainty on lasting gains. It highlights steel stocks as a key driver, unions of professional players, and reactions to Knickerbocker Trust resumption, with comments from bankers and depositors on withdrawal choices.
The Crop Reporting Board reports March 1 holdings show wheat about 23.5 percent and corn 37.1 percent of last year’s crop in farmers’ hands. Oats stand at 35.5 percent. Merchandability projected at 77.7 percent for 1907, 89.1 percent for 1908, and 84 percent average. Shipping out estimates: wheat about 58 percent, corn 18 percent, oats 28 percent of crops respective to counties. Data reflects ten year averages and contrasts with 1906 figures.
Andre Hymans and Max Schoenfield filed in the United States Circuit Court a bid to stop the Delaware & Hudson Company from paying a dividend. Judge Holt refused immediate relief but set an order to show cause for Friday. William Rand represents the bondholders in the related suit.
London report notes banking terms with emphasis on letters of credit bills of exchange and cable transfers at Bishopsgate Street Within 78 Rue de elien in a concise financial notice.
Money steady in London with strong demand for settlement. Bank of England took half of 1,000,000 pounds gold. rest likely for Russia. Investments rose in home securities while Paris offered steadier advice. American securities improved amid Wall Street strength and Knickerbockers Trust reopening hints. US rails Atchison Topeka Santa Fe Union Pacific Southern Pacific drew attention. Paris Bourse stronger. Berlin prices firm on New York cues.
The document lists two locations: 39 Liberty Street in Manhattan and 188 Montague Street in Brooklyn.
London yesterday reported closing quotations for American stocks with comparisons to prior values. The brief list notes individual stock names and final prices, reflecting market activity in the London market.
Regular auction at the Exchange Salesroom in Vesey Street lists hundreds of shares and bonds for account of trustees and various estates. Names include Equitable Gaslight Co of Suffolk Co, Edison Electric Light Co Europe, Westinghouse Electric & Mfg Co, and Barrett Manufacturing among many others with substantial holdings and note values. Auctioneer Andrew J. McCormack, Adrian H Muller & Son coordinate the March 19, 1908 sale in New York City.
Two bidding notices from the Depot Quartermaster offices. New York announces sealed proposals by March 11 1908 for 200000 pairs of light weight wool stockings with domestic manufacture preference. Philadelphia notice invites bids by March 27 1908 for transport supplies including silverware chinaware glassware enamelled ware tinware and misc items with domestic preference. Both emphasize right to reject any or all proposals and provide contact details for full information.
Baltimore City invites sealed proposals for the sale of two stock issues totaling 2 ,000,000 dollars each and a smaller 1 ,000,900 dollar issue. Bids due March 16 1998 with 2 percent deposit, payment terms set, and the city cites tax provisions and statutory authorizations. Also notices from Colorado Fuel and Iron Company seek sale of 40 sinking fund bonds via Metropolitan Trust Company for May 1 1908.
United States Engineer Office New York invites sealed proposals for dredging in Raritan Bay New Jersey. Proposals due by 12 M, April 10, 1908 with public opening thereafter. Information available on application. D W Lockwood Colonel Engineers.
The Board of Directors declared a quarterly dividend of one and a half percent on the preferred stock and two percent on the common stock of the Chicago Junction Railways and Union Stock Yards Company. Payment will be April 1, 1908 to stockholders of record March 11, 1908. E. M. F. Milner, secretary. Jersey City, N. J., March 6, 1908.
A receiver and trustees of the Western Maryland Rail Road Company mortgage have formed a bondholders committee to protect interests and prevent default on the First Mortgage. Holders of General Lien and Convertible bonds should deposit with Equitable Trust Company in New York for certificates of reposi. Frederick T. Gates and Henry E. Cooper join the committee.
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