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Newspaper
New York Times
Location
New York, New York, United States of America
Date
May 09, 1908
Page
10
Stock and bond markets advanced as professional buying pushed prices higher amid irregular swings. Trading totaled about 8.22 million dollars, a yearly record, with Readings leading gains and Pennsylvanias bonds drawing strong investor demand amid broad investment activity.
Books close for American Radiator Co and mortgage guarantee bonds. Gorham Manufacturing Co Missouri Kansas & Texas Railway Reading Co. on second preferred. Annual meeting set for Oakland & Bayside Realty Co.
Money on call on the Stock Exchange ranged around 154.2 percent with last loans at 2 percent. Time money offered at 21/2 percent for sixty days and up to 4 3/4 percent for five to six months. Mercantile paper rates included 4 1/2 to 4 3/4 percent for various indorsed bills. Clearing House shows exchanges at 249,364,089 and balances at 8,247,491. Sterling exchange closed strong with quotes around 4.87 to 4.88. Continental bills listed for francs, marks, guilders with varied premiums and discounts across cities.
Bar silver was quoted in London at 244d per ounce and in New York at ay Mexican dollars were 47c.
The Produce Exchange stock report lists principal transactions from yesterday in the stock department with opening high low and last prices. Entries include Greene C S company at around 87.5 with a last price near 87.5, Goldfield Consolidated around 5.81 to 5.87, Galafield Flor 3.75 to 3.19, and Branch Mint showing small moves from 0.06 to 0.08 in last trades.
The Metal Exchange and London market posted broad price declines across metals. Copper and tin led losses with spot and futures down, while lead and spelter moved lower or held steady. Warrant prices for tron alloys remained stable as market activity slowed.
A compiled railroad earnings table shows mileage in use and gross and net earnings for multiple lines including the Chicago Great Western, Hidalgo and Northeastern, Interoceanic Railway of Mexico, Missouri Pacific, Wheeling and Lake Erie, Grand Trunk system, National Railroad, and New York Chicago and St. Louis. It lists quarterly figures through April and March, with totals and deficits for several roads and regions.
Goldfield Consolidated active on rising prices with 27 000 shares traded between 53 and 6 public close 315 16. Nevada Utah also strong with 11 000 shares traded from 45 16 up to 414 closing. Cumberland Ely and Nevada Consolidated posted small gains in a brisk session.
The day’s outside market shows principal bond transactions led by Adams Express and industrial issues with trades in State Gas and Manhattan Transit. Mining and copper stocks Eiffel through Alaska Mineral and Copper trade, while a broad list of steel, transit, and financials show mixed prices and closing levels.
A chaotic market report outlines a grain and provisions surge after talks on government measures for winter wheat. Prices spike with fears of shortages and hefty exports, while Chicago stock activity shows mixed shifts and dull trading across several key names.
Sail van Ga x bk C. 6 eos.
In Baltimore on May 8 bonds continued in good demand and stocks showed life. Seaboard 4s rose, Atlantic Coast Line new 4s certificates advanced, and Consolidated Gas 5s gained a point to 109. Seaboard Company second preferred moved higher to 115. Market totals listed include stocks 615 shares and bonds $183,600 with various issue quotes and values.
The fragment mentions a 52 percent figure and references to Ist er 2d Arg Nig. Details are incomplete. no clear event or entities can be confirmed for a full card.
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