Wall Street Notes Reflect Light Attendance and Cautious Optimism
After a light trading day on the Exchange executives and brokers shortened weeks and sent staff on holiday. Bank reserves fell by 8 million yet markets held firm with little fear of upcoming Monday's open. Northern Pacific dividend reports amused some, while Wabash Pittsburg Terminal losses echoed across junior securities. A bond-house reporting brigade found improved business sentiment, tempered by conservatism and clear-eyed realism.
MENTIONED IN THIS ARTICLE
Wabash-Pittsburg Terminal Company
Trading in Baltimore Active in Bonds and Utilities
Special to The New York Times reports a higher local stock market with most activity in bonds. United Railways incomes, Maryland Telephone first mortgage, Maryland Casualty, Consolidated Gas Electric Light and Power preferred show strength. Coal and Iron Railway on first sale for some time gains 7 points. West Virginia Central 6s firmer amid modest totals.
MENTIONED IN THIS ARTICLE
United Railways
Maryland ‘Telephone First Mortgage
Maryland Casualty Company
Consolidated Gas
Electric Light and Power
Coal & Iron’Railway
West Virginia Central
Baltimore
Colorado mining stocks close on local exchange
Special to The New York Times from Colorado Springs on May 29 notes closing quotations on the local exchange with bids and asks for Acacia Consolidated Isabella Lexington Elkton Old Gold Gold Dollar and other listings. Prices shown include Jackpot McKinney Paso Findlay Vindicator Rawlins and more with varied bid and ask figures.
MENTIONED IN THIS ARTICLE
New ‘York Times
Colorado’ Springs
Col
Local Exchange
Acacia
T_jSovereign
Consolidated
Isabella
Dante
Lexington
McKinney
Elkton
Gibson Re
Paso
Findlay
New York Times
Pittsburg
Crucible Steel
Ohio Fuel
Pittsburg Brewing
Westing
Elec
May Stock Transactions Show Record Total Across Months
Transactions in the New York Stock Exchange for May total 20,924,269 shares, up 813,674 from April and up 5,168,906 from May of last year. The heaviest day was May 20 with 1,412,518 shares, and seven days reached a million-plus. Bond dealings totaled 98,947,001 dollars across all classes, the largest May on record except for May 2001, with a rise of 19,166,500 from April. The month also saw a peak Saturday half-holiday total on May 7 at 3,797,007 and a minimum on May 1 at 2,481,500.
MENTIONED IN THIS ARTICLE
New York Stock .Exchange
Rks
DRG Ee Hlennley.s Base Areee
Carnegie Trust declares semi annual dividend
Directors of the Carnegie Trust Company declared a 3 percent semi annual dividend on capital stock calling for 45000 to be paid on 1500000 of capital. This marks an initial dividend under a 6 percent rate. Ex Secretary Shaw served as president about a year ago and resigned earlier this year. The current president is C. C. Dickson. Stock sales occurred Wednesday at 150.
MENTIONED IN THIS ARTICLE
Carnegie Trust Company
the Treasury
Leslie M. Shaw
Trust Company
C. C. Dickson
Produce Exchange Stock Prices Reported Yesterday
The stock department recorded a principal transaction of 3,000 shares with Branch Mint showing opening at 0.04 percent, high at 0.05, low at 0.04, and last at 0.08. The report lists values for Sates, Open, High, Low, and Last with illegible or partial figures.
MENTIONED IN THIS ARTICLE
Produce Exchange
The
Cotton Market Fluctuates Across Day of Trading
The cotton market showed quiet trading with irregular fluctuations and a close down 6 points to up 9. Opening steadiness saw an 11 point decline to a 4 point gain as near months weakened on weak cables while new crop remained steady. Reports of a levee break at Pine Bluff prompted 15,900 acres of overflow and the New York Cotton Exchange tallies weekly crop movements with port receipts and interior stock shifting against last year. The range of contract prices followed these movements.
MENTIONED IN THIS ARTICLE
New York
Pine Bluff
New York Cotton Exchange
Canada
Trade Conditions Improve As Plants Resume Next Week
Dun's Review notes rising industrial activity with many plants set to reopen next week and retail trade aided by pleasant weather. Flood damage touched crops but reports remain hopeful. high prices stem from light last year’s yield and active market manipulation. Mercantile collections improve while money rates stay low. May railroad earnings lag last year by about 21.7 percent.
MENTIONED IN THIS ARTICLE
Dun
Treasury
Birmingham
Bradstreet's
European Markets Mixed With Gains on Copper Shares
London stocks were heavy with easy discounts as New York bought favorites and paralleled gains. Paris saw firm trading except for rentes with Bank of France data showing higher notes and deposits. Berlin Boerse was sluggish though government securities held firm on London cues.
MENTIONED IN THIS ARTICLE
Paris
Exchange
London
Bank of France
Treasury
Berlin
Ewee Sa
Hamburg
Ecesecee
Coloere
Sivis
Riga
Augsburg
Frankfort-on-Main
Consol
London copper and allied metals close firm in London market
In London yesterday copper rose 10s for spot and futures from Thursday close. Spot copper 57 pounds 12 shillings 6d, futures 58 pounds 5 shillings. Pig tin up 2 pounds for spot and futures to 120 pounds 0s 0d and 128 pounds 0s 0d. Lead at 12 pounds 1s, Spelter unchanged at 19 pounds 12s 6d. Cleveland warrants strong at 5s 3d. New York Metal Exchange spot bid and ask compared to yesterday's levels.
MENTIONED IN THIS ARTICLE
London
Cleveland
New York Metal Exchange
Chicago stock quotes reflect pre holiday trading
Special to The New York Times reports muted activity on the Chicago Exchange with shares slipping after initial gains. notable moves include Chicago Subway rising to 2914, American Biscuit and Commonwealth Edison among notable prices, while various utility and manufacturing stocks show mixed results amid holiday expectations.
MENTIONED IN THIS ARTICLE
Chicago
Jocal Exchange
Subway
Chicago Telephone
Chicago Subway
Commonwealth Edison
Kansas City Av. & Light
Ional Biscuit Pf
South Side
United Box. Board of
Treasury Reserve and Debt Figures Reported in Daily Summary
Washington May 29 The Treasury report shows the reserve fund held in gold coin and bullion at 150 million dollars. Trust funds to redeem outstanding certificates total 825.75 thousand, ABC Silver dollars 474.054 million, silver 3890.5 million. Deposits in national banks 164.817 391. awaiting reimbursement 27.922. current liabilities 1.542 921.
MENTIONED IN THIS ARTICLE
Fearo Sack MO
Ee Vata Seas
Eeee
Phitiprine Treasury Esc
Clearing House Weekly Teak Statement Highlights
The Clearing House issued a weekly teak statement yesterday due to the holiday. The average statement shows how this week compares to the previous week, outlining changes in key figures and overall trends.
MENTIONED IN THIS ARTICLE
Clearine House
Clearing Bouse
Bradstreet's Weekly Failures Across the United States
Bradstreet's reports 263 failures in the United States this week, down from 284 the prior week and varying compared with 1907 to 1904 figures. Regional totals show Middle States 80, New England 22, Southern 61, Western 585, Northwestern 18, Far West 82, and Pacific Canada 31. About 86 percent of failing concerns had capital 5 000 dollars or less, and 9 percent had capital from 5 000 to 20 000 dollars.
MENTIONED IN THIS ARTICLE
Bradstreet
United States
Middle States
New England
Southern
Western
Northwestern
Far West
Pacific Canada
Valorization Coffee Sales Report Increases Market Interest
Crossman and Sielken announced Valorization coffee sales totaling 160000 bags in New York, with 60000 more in Hamburg. The plan buys Brazilian coffee for minimum prices, using warehoused stock as security, and sales aimed to test demand and lift market prices.
MENTIONED IN THIS ARTICLE
Hamburg
Sao Paulo
Brazil
Crossman & Sielken
New York
Cotton Exchange
Germany
Europe
Bank Clearings Rise Across United States
For the first time since October bank clearings across the United States show an increase this week reaching 2 245 728 412 dollars. Dan's Review notes a 15 percent gain with six trading days this year versus five last year due to Decoration Day. May average daily exchanges in leading cities total 392 545 000 dollars, up from 427 385 000 a year ago and 167 634 000 in 1906.
MENTIONED IN THIS ARTICLE
United States
Dan
New York City
New York
Financial and executive shifts and firm changes noted
The Northern Pacific Railway declared a regular quarterly dividend of 194 percent. Avery Hilton was appointed Erie Railroad General Passenger Agent at Buffalo to succeed H E Huntington, and J H Webster succeeds Hilton as General Passenger Agent at Cincinnati. The National Copper Bank seeks NY Clearing House membership after just over a year in business. Greene Consolidated Gold Company adjourned a special meeting two weeks to consider Col Greene's fund-advancement proposal. Grannis Lawrence dissolved to form Langley and Lawrence with Robert C. Lawrence, William C. Langley, and Clinton M. Hall as members. Fidelity Trust Company reports deposits of 4 208 172, with 26 percent reserve, capital 750 000, surplus 750 000, and undivided profits 102 340.
MENTIONED IN THIS ARTICLE
Northern Pacific Railway
Avery
Hilton
Erie Railroad
Buffalo
H. EH. Huntington
J. H Webster
Mr. Hilton
Cincinna
National Copper Bank
New York Clearing House Association
Greene Consolidated Gold Company
Col. Greene
Grannis & Lawrence
Stock Exchange
Langley& Lawrence
Robert C. Lawrence
William C. Langley
Clinton M. Hall
Mr. Hall
Fidelity Trust Company
Auction Sale of Stocks and Bonds by Receiver and Executors
A June 1908 auction at the Exchange Sales Room in Vesey Street lists numerous bonds and stocks under orders of receivers and the estate of Mary W. Wright. Holdings include Baltimore & Ohio Railroad, Lehigh & New Orleans, Toledo Valley lines, Metropolitan Street Railway, Wabash Railroad, Central Hudson, Chesebrough Building, Broad Exchange, Mutual Trust, and many others with varied quantities. The notice covers mortgages, preferred and common shares, and mixed assets for sale for whom it may concern.
MENTIONED IN THIS ARTICLE
Exchange
Vesey Street
Metropolitan Surety Co
Mary W. Wright
Baltimore & Ohio R. BR. Co
West
Lehigh & Noy
Toledo
Walhonding Valley
Ohio
R. R
Metropolitan Street A'way Co
Wabash R. R. Co
Central Hudson Steamboat Co. Press
Central Hudson Steamboat Co
Chesebrough Building. Co
Broad Exchange Co
Mutual Trust Co
Larchmont National Bank
Colonial Assurance Co
Broadway Building Co
Westchester& Bronx Title & Mine Guarantee Co
Halley Land & Improvement Co
Fresnito Mining Co
Astor Trust Co
Ursine Coal Mining Co
Ursine Coal Mining.Co. Common
Candelaria Gold & Silver Mining Co
Tontine Company
Gilchrist Co
International Towing & Power Co
Oil Fields
Mexico
Orient Company
Borough Improvement Co
Westchester & Bronx Title & Mige
Guarantee Co
Fidelity Bank
Mutual Trust Co of
Westchester
Mechanics’ National Bank
American Cotton Oil Co
United N. S&s R. R. & Catal Co
American Locomotive Co
United States Rubber Co
Federal Minine & Smelting .Co
General Electric Co
New Haven & Hartford R. R. Co
Rshvere Exchange Bank
Central & Sa
American Tel. Co
Mercantile Trust Co
Indianapolis & Louisville
Western Multiphone Co
International Banking Corp
Metropolitan Trust Co
Citizens’ Central Nat'l Bank
Annual stockholders meeting for C. F. Mattlage & Sons
The annual meeting of the stockholders will be held at 335 Greenwich St at 10 AM on June 22, 1908. Directors will be elected and other business may be conducted as brought before the meeting. F. Mattlage, President.
MENTIONED IN THIS ARTICLE
Doerr & McGinnis Co
West Broadway
New York City
John McGinnis
Black Light Co
Driggs Av
North 9Th St
Brooklyn
Borough of Kings
N. Y
J. J. Steindler
Readjustment plan for Mexican railways proposed bonds
A letter from Pablo Macedo announces a readjustment plan creating Ferrocarriles Nacionales de Mexico. It outlines a $225 million bond issue with a Prior Lien and Guaranteed General Mortgage bonds. The plan secures government backing, outlines uses for funds, and details subscription terms and international offerings in New York, London, Amsterdam and more.
MENTIONED IN THIS ARTICLE
National Railroad Company of Mexico
Mexican Central Railway Company, Limited
Ferrocarriles Nacionales de Mexico
National Railways OF Mexico
Also Mentioned on This Page
Wall Street
Northern Pacific
Wabash-Pittsburg
Busines
Balt
City
Annap
S. L
Coal & Coke
Coal & Iron Ry
Bal & Spar
Charl & Con
United Ry
United Rys
Mary
Tel
North
Gas E. L & P
Mary Cagualty
Colorado
Carnegie Trust
Thurs
Gulf
Ann Lée
Norfolk
Augusta
Memphis Stear Av
Hon Ste
Galveston
New Orleans
Foreign Public Securities
Lon- N.Y N.Y
Netdon
St Paul
UC S. Steel
Thursa’y
Peneere
Cate
Tomboy
Oro
Esperanza
Dolores
Stratton
Cowes
Metal Market Report
Pittsburg Transactions
Chicago Stock Market
the Treasury Balances
Washington
San Francisco
Andes
Belcher
Best & Belcher
Overman Seer
Caledonia
Potosi
Eveses
Savage
Tonopah
Belmont
Searcats
Kendal Tata Vite O
Lone Stade Eoes
Golden
Mohaw Extension
Jim Butler
Vamara
Hills
Eeres
Midway
Sandstorm Montana
St Ives Weseee
Asilver
Atlanta
Blue Bell
Montgomery Mtn
Bullfrog
Old Diamondfield
Goldfield C. M
Financial Notes
Andrew J. McCormack
Adrian H. Muller
SOR
FICE
Sirking
Reichsmarks
France
Switzerland
Amsterdam
Mexico City
United States of Mexico
United States of America
Pablo Macedo
Mexican International Railroad
Central Trust Company of New York
Nz. Railroad Company of Mexico
National Railroad
Mexican International
Interoceanic
National Railroad Company
Messrs
Henry Schrader & CO
Messrs. Sveyer Brothers
Hope & CO
Mesers
Teixeira DE Mattos Bros
Terein
Union Financiere DE Geneve
Boston
Messrs. Ridder, Peabody & Co
New York Stock Exchange
England
Holland
Macedo, Esq
Speyer & CO
Pine Street
Hallgarten & CO
Nassau Street
Kuhn, Loeb & CO
Williamw and
Pine Streets
Ladenburg, Thalmahn&co
Broad Street
Orange
N. J
Camden
N.J
N.Y
Schenectady
City of Philadelphia
O’connore
Kahler
Bankers
TSF
Haney
Commercliag
Wall St
G. TC. Pom
All Times
Times Square
Mississippi Central Railroad
Central ‘Railroad Company
Stavelord Trust Company
York
NEW York Trust Company
W. "Morse
Detroit, Toledo & Ironton Railway Company
Windsor Trust Company
Cedar Street
G. Casper Niles
Iowa Central Railway
Mercantile Trust Company
Broadway
H. Davis
York Times
Isity of
New York Times Weekly Financial Review
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