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Newspaper
New York Times
Location
New York, New York, United States of America
Date
May 02, 1908
Page
10
The Fifth Avenue Branch at 475 Fifth Avenue near 41st Street offers travelers letters of credit for issued or guaranteed foreign money and express cheques and vault boxes for customers use.
Stocks surged with Union Pacific, Southern Pacific, Northern Pacific, and St Paul advancing, the latter up 444 points as bears covered. Pennsylvania cuts its dividend while grain futures spike on May wheat, and foreign exchange weakens. Bond sales and municipal revenue warrants loom as banks enjoy a cash boost from weeklong fund inflows.
The readable text shows scattered names and fragments from a local notice. Specific actions, dates, places, or clear events are not present in the legible portions.
Calendar items note closings for C Canada Southern Railway Delaware Thudson Railroad Interborough Rapid Transit Co People s Gas Light Coke Co of Chicago United Bank Note Corporation common stocks listed.
Money on call and loan rates show 18 percent on collateral, 2 percent typical for two percent loans and for sixty days. Rates rise to 3 percent for ninety days and higher for longer terms. Mercantile paper and bills indicate varied rates. Clearing House totals and foreign exchange figures are listed with multiple city quotes and discounts or premiums.
Silver quotes in London were 24 5 16 pence per ounce with a New York figure not stated. Mexican dollars traded at about 4 1 2 cents per peso. Nike
Trade journals report a quiet mercantile week with Bradstreet noting subdued jobbing and scarce orders. Dun’s Review highlights improved railway bond sentiment but stagnant mercantile activity. rail earnings, car inventories, and crop progress offer mixed signals for winter outlook and foreign trade shows weekly export losses.
Readings show varied stock prices across numerous issues with totals around 850,370 in sete. The report lists shares from National Biscuit, New York Central, Northern Pacific, Missouri Pacific, Pennsylvania Railroad, and others, with mixed gains and losses and numerous percent figures for each listing. Market dates extend to May 1, 1910 in the text.
Copper issues led a modest market rebound with limited activity at higher levels. Butte Coalition rose to 227, Nevada Copper to 14 1/4, Cumberland Ely up to 8, and Boston Copper to 12 1/2 as general outside stocks recovered from Thursday’s slump. Major transactions showed notable volume in Butte, Cob, Cumill, and other issues with several prices and last trades listed.
The text lists assorted bond prices and percentages for various issues, including 1918 100% prin cias and 1923 112% quotes, with scattered references to brokers, regions, and entities. It reads as a chaotic ledger of bids and asks without a clear single event or narrative.
The coffee market opened steady and closed steady after a day with 14 500 bags traded. Transfers from July to January were noted but not heavy. Havre and Hamburg showed mixed movement while Brazilian ports reported light receipts. European markets in Paris and Berlin showed a heavy tone and stagnation with later firmness in Berlin.
Boston on May 1 reports light morning trading with copper shares generally fractionally lower. Butte Coalition and North Butte climb a point each while Atlantic leads afternoon with a 2 point gain to 1144 as buying orders outpace selling at near current levels.
The cotton market fell after Thursday's gains amid better belt weather and reports of increased acreage. Trading showed a 22 to 2 point decline with about $50,000 in sales. May and June opened down and several later months fell 6 to 10 points. US weekly crop movement data show portfolio shifts and lower mill takings from last year, with spot cotton trading around 10.20 cents for tiniet upland and 10.45 cents for middling Gulf locally.
Baltimore markets report roads in fair demand with firmer prices while rail shares slipped and the railway index recovered late amid uneven gains across commodity and stock listings. Colorado Springs closes with varied local quotes including El Paso, McKinney, and Vindicator on the bid and ask sides.
Quotations rise and fall for European state and municipal bonds with German and Bavarian government notes listed. Prices span Hamburg, Frankfurt, Mexican gold 5s and Russian and British issues, reflecting cross border demand and varied yields.
City Banking Commission designated Knickerbocker Trust Company as a depository for city funds. Queens County Trust and First National Bank of Orona also named with rates kept at 2 percent. Market notes show limited activity with Chicago Telephone shares steady after a rise and mixed results for other industrials.
Fragmentary OCR shows a list of names including Deere Heighley Burke Morris, Peabody Freeman Robinson Brown with a $1,200,000 amount and notable figures such as Roosevelt, Goelet, Foster, Williams, and others. Details are incomplete and not clearly tied to a specific event or date.
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