Conservatism Returns as Market Bears Down on Bullish Talk
Brokers report a shift toward conservative advice amid steady but not rapid market gains. Ticker signals and official tips clash, while copper stocks attract bullish chatter and some traders warn of artificial strength. Vermont election chatter and 1 percent money conditions add to caution about real bullishness.
MENTIONED IN THIS ARTICLE
Shes Gn
Vermont
Noble Monthly
Norfolk and Southern Plan Cuts Capital Structures
The Reorganization Committee led by George C. Clark proposes a new company issuing 12 million in first mortgage bonds and 16 million in stock to total 28 million in capital, reducing fixed charges from 1.276 million to 605 thousand annually. The plan shifts assets, retires collateral notes, and preserves old bond and preferred stock rights while arranging cash needs of about 5.55 million including working capital and contingencies.
MENTIONED IN THIS ARTICLE
Norfolk & Southern Railway
George C. Clark
Working Capital
North Carolina
Norfolk & Southern Railroad
John N. Roper
S. L. Schoonmaker
Rathbone Gardner
T. L. Chadbourne, Jr
London Metal Exchange Copper and Tin Mixed Close
Copper rose 2s 6d from Friday to 267 2s 6d spot and £61 17s 6d futures. Tin weakened to £182 7s 6d spot. Lead unchanged at £15 15s, Spetter firmer at £19 0s, Tron warrants strong for standard foundry and Middlesboro. New York bids and asks show copper and other metals mixed after Friday.
MENTIONED IN THIS ARTICLE
London Metal Wachange
Standard Foundry
Middlesboro
New York Metal Exchange
Tinka Os
Boelter
Coeey S
Seeseeeereratda
Foreign markets show renewed demand and steady closes
London money better, 5 million in gold secured by Continent led by Austria. Stock Exchange opening week cheer, Grand Trunks feature in bear covering though best prices faded. Japanese bonds strong on retrenchment hopes. Kaffirs buoyant but British securities steady. US securities rise on Hariman and United States Steel, drift later on profit taking. Paris dull but firm as rente at 96f 95c. Berlin prices firm, trading active.
MENTIONED IN THIS ARTICLE
London
Austria
Stock Exchange
Harriman
United States Steel
New York
Money market and exchange rates on the stock exchange
Money on call loans ranged around 1 percent with most at 1 percent to close. Time loans for sixty to ninety days quot ed at 1 1 4 4 percent and up to 3 3 percent for longer terms. Clearing House figures show exchanges at 185 817 392 dollars and balances at 8 180 980 dollars. Sterling and continental exchange quotes are listed with several city discounts and premiums.
MENTIONED IN THIS ARTICLE
Stock Exchange
Mercantile
Clearing House
Treasury
Sterling Exchange
Continental
Reichsmarks
Silver Quotations From London and New York
Bar silver stood at 235d per ounce in London and 51i cents in New York. Mexican dollars traded at 45 cents.
MENTIONED IN THIS ARTICLE
London
New York
Trading in Baltimore Sees Scarcity on Exchange
Special to The New York Times reports Baltimore’s market shows dullness and a notable lack of offerings. Semispeculative issues such as Seaboard and United Railways are not pressing for sales as United Railways incomes advance and funding remains a factor.
MENTIONED IN THIS ARTICLE
New York Times
Baltimore
Seaboard
United Railways
Cotton, Duck, and Brewing Company
Regular Auction Sale of Stocks and Bonds 1908
Andrew J. McCormack Auctioneer lists a regular sale by Adrian H. Muller & Son at Exchange Salesroom Vesey Street on Sept 2 1908 at 12 30 pm. Items include De La Mar Mining properties East Cumberland Ely Mining Argentine Cobalt Co and numerous bonds and bank issues with varied maturities and collateral.
MENTIONED IN THIS ARTICLE
Andrew J. McCormack
Adrian H. Muller & Son
William ST
Exchange
Vesey Street
de la Mar
East Cumberland-Ely Mining Co
Argentine Cobalt Co
Nathan Goldstein
P. c
Avenue B
O'Gara Coal Co
S. F. Gold
Dawson R'way & ‘Coal Co
Thirty-fourth St. Crosstown
Saddle Mountain Mining Co
Atlantic Mutual Insurance Co
Gas Engine & Power Co
Chas
L. Seabury Consolidated
Gem Realty Co
Garfield Natl. Bank
Pine Bluff & Western R.R
Chesapeake. & Ohio R. R
Craig Valley
Buffalo & Lake Erie Traction Co
Dissolution Notices for Levy Manufacturing Co and Sutton Laundry
The notices announce the dissolution by mutual consent of F. & H. Levy Manufacturing Co and the Sutton Superior Laundry run by Harry Jones and David Wright. Assets transfer to the new F. & H. Levy Manufacturing Co bond continuity of debts stated. Arthur Lincoln retires from Charles Fairchild & 005.
MENTIONED IN THIS ARTICLE
F. & H. Levy Manufacturing Co
Corporation of
Felix Levy
Harry Levy
Harry Jones
David Wright
Sutton Superior Laundry
Wall Street
New York
Arthur Lincoln
Charles Fairchild
Bankrupt Must Produce Books for Receiver Under Civil Purpose
Judge Holt rules in the George Harris case that a bankrupt must produce books to the bankruptcy receiver for estate administration, even if they risk incriminating content. The decision allows protective orders to prevent use in criminal prosecutions while enabling the trustee to use the records for civil proceedings.
MENTIONED IN THIS ARTICLE
Holt
United States District Court
George Harris
G. Harris & Co
West Twentieth Street
Harris
William Ford Upson
Coffee Market Shows Steady Close Despite Minor Shifts
The coffee market opened five points higher amid European cables, with day sales totaling 52 250 bags mainly from September onward. Rio was firm, Santos 4s up 25 reis, and spot coffee quiet at Rio No 7. Brokers seek a three day Labor Day break as Stock Exchange members petition for an extra holiday.
MENTIONED IN THIS ARTICLE
Rio
Santos
Rio No
Aso Cytower
Lees Ee
Nain Westaegielaais
Bite
Banuaty - Dusts Eeneeddie
Apti Eesieeveseden
Coffee
The
Stock Exchange
Dividends on AT&T Convertible Bonds Notice
American Telephone and Telegraph Company announces payment of convertible four per cent gold bonds dividends due September 1, 1908. Payments will be made at the company office in New York or in Boston, with Manhattan Trust Company at 20 Wall Street, New York, handling the settlement.
MENTIONED IN THIS ARTICLE
Baie Des Chaleurs
Metapedia
Intercolonial Railway
Caplin
Bonaventure
P. Q
Registrar of the Exchequer Court of Canada
Ottawa
Messrs. Casgrain, Mitchell & Surveyor
Canada Life Building
Atlantic & Lake Superior Railway
Paspebiac
Atlantic, Quebec & Western Railway
Exchequer Court of Canada
Ont
Messrs
Casgrain
Mitchell & Surveyor
Appe
Montreal
A. Audettbe
New York~ and Erie Railroad Company
New York and Erie Railroad Company
Erie Railway Company
New York, Lake Erie and Western Railroad Company
New York, Pennsylvania and Ohio Railroad Company
Erie Railroad Company
J. P. Morgan & CO
Mexican Central Railway Company
Mexican Central Mailway Company
Messrs. Ladenburg, Thalmann & Co
Broad Street
New York
Eee
I Mexican Central Railway Company
F. M. Souther
Devonshire Street
Boston
Mass
ST. Louis Southwestern Railway CO
St. Louis
St. Louis Southwestern Railway Company
Pierce Ride
Chestnut Sts
Elwin Gould
Arthur J. Trussell
Hecker-Jones-Jewell Milling Company
Hecker-Jones- Jewell Milling Company
The
Ecompany
Produce Exchange
New York City
Twin Ork Rapid, Transit Co
Istiss
Farmers’ Coan and Trust Company
William Street
B.S. Pattee
American Telephone and Telegraph Company
Manhattan Trust Company
Wall Street
Driver
Pron Ee Loan Society
Eme Pons DU
At Tove
Cleveland
Akron & Columbus
Ry. Co
Cleveland &Pittsburgh
R. R. Co
Cleveland & Pittsburgh
Lima
Ohio
Water Works
Marion County
Indiana
Muskegon
Grand Rapids & Indiana
Jersey City
MacKay Companies
Recordi
Edward C. Platt
Semanee Oil Salt United Traction and Electric Company
Providence and
Pawtucket
Central Trust Company OF New York
U. S. Sweetland
United Bank Note Corporation
Danforth
Reading Company
Philadelphia
Faylor
United ED
Yucatan
Ladenburg, Thalmann
Chicago, Peoria & St. ‘Louis Railne
Company of Mllners
Dei Palmer & Co
William St
ANY America
Ialers Way
Also Mentioned on This Page
Norfolk & Southern
St L
Tiake
Toy Louis
Rory Central Li
Norf
Pennsylvania
Westin
Metal Market Reports
Boston Stock Market
New York. Times
OOO U. S. Steel
Nion Patti i
West End
England
a_ yan
Swift
Torrington
United Fruit
United Shoe
W. S. Steel
Sears
Arizona
Atlantic
Vth
Jin
Butte Vallin
Arizona Eerie
I & Fheela
Miami
Nevada
Newhouse Tees
Butte
Santa Fe
Utah
Victoriz
Wolverine
Wyandotie Seesessee Ee
London Exchange
Paris
Berlin
Money and Exchange
N.Y
Atchison Av
Can
Pacific
St. Paul
Os Erie
Erie
Central
Louis. .& Nash
Union Pacific
Steel
Wee
S. Steel
Foreign Public Securities
S. d
Esperanza
Cseseel
Dolores
el Cro
Stratton’s
Consol
OIS
AOL
Saxony
Hamburg
Cologne
Munich
City of
Augsburg
Frankfort-on
Rente Ps
QBS
Car
United Ry. Inc
United Ry
Ala
Coal & Iron Pfd
Bay State Gas
Maryland: Casualty
Northern
Seveebors
Eaves Cewy
United -Ry
David Wright, Harry Jones
Copartnership Notices
Aids Criminal
the Farmers’ Loan and Trust Company
Fifth Avenue
Bishopsgate St Within
Boulevard Faussmann
Broadway
Willard
William H. Nichols
Langley W. Wiggin
Park ‘Terrell
Mgr. Bond Dept
ING
Howard Bayne
V-Pres. & Treaa
Edwin B. Potts
David S. Mills
John D. Barrett
Johnson & Higgins
Samuel G. Bayine
Seaboard Nat. Bank
Roberts. Bradley
Am. Agricultural Chemical Co
Frederick H. Eaton
Am.Car and Foundry Co
James M. Gifford
Gifford
Ae & Beard
Henry Goldman
Goldman
Hs.& Co
A.hepburn
Chase Nat'l Bank
Pres. So
Jersey Gas, Elec. & Trac. Co
John R. McGinley
Pittsburgh
Charles F. Mathewson
Harms & Mathewson
General Chemical Co
Augustus. G. Paine
New York and Penn. Co
WM. J. Peters
Peters. White & Co
Clarence W. Seamans
Union Typewriter Co
Hermann Sielcken
Crossman & Sishken
Arthur Turnbull
Post & Peer
Arthur G
Yates, Pres
Buffalo
Rochester & Pitts
Fifth Avenue Trust Company
43D Street
N. Y
Baie Des Chaileurs
Central of Georgia Railway Company
Savannah
Askew
Walter. Wright
A. 0
Brown & CO
USO
Bourn, Jr
N. W. Harris
Pine Street
Corner
William, New York
N. W. Harris & CO
Ston
Chicago
Harris Trust & Savings Bank
Farmington
Ill
Geneva
Greene County
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Tex
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First Mortgage Gold International Water Co
el Paso
First Mortgage
Jackson, Mich
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Edison Electric Co
Laverne, Minn
Board of Education
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Reid’s
Macomp
Menasha
Wis
Mora County
N. Mex
Gewer
Moneaqua
Newern
Tenn
Newbern
Water and Light
Newton
New Whatcom
Wash
Gok
Pierre County
Reville
Minn
Imp’t Settie
Lighting Co
Mortaage
Stuart
St. Joseph
Mich
Utica & Molmink Valley Railway Co
Waterloo
Water Co
Normal, Ill
Walla Walla County
City Walla Walla
Canon City
Colo
Municipal
Railroad and Public Service Corporation
Baltimore & Ohio
State OF New York
William S. Fanshawe & Co
Rector
Hudson River Electric Power Company Bondholders Committee
James R. Hooper
Gordon Abbott
Horace E. Andrews
John P. Reynolds, Jr
John S. Scully
Edwin S. Webster
Fairman
MUTUA
Enrich Mfg. Co
William Glasgow
Joseph Kenny
John Maher
M. McKenna
J. Small
C. W. Cranshaw
George A. Moulton
New
Lambert Typewriter Co
William Miles
of New York
County of New York
Mutual Bank of New York
Hugh N. Kirkland
Cashier
R.j.greason
Jos. A. Knox
George. J. Bascom Co
Breslin
Broadway and
29Th Street
Bascom, Sec’y
Farmers’ Loan and Trust Company
Amercan Brake-Shoe and Foundry Company
Butler Water Company
Fond du Lac Water Company
Granite City, Madison & Venice Water Company
Kingston City Railroad Company
Kinston Cotton Mills
Marin&t¢ City Water Company
Merrill City Water Works Company
Minneapolis Gas Light Company
Mount Vernon Water Works Company
Mount Vernon Water W Works Company
Mount Vernon Electric Light &Power Company
Merrill City W. W. Company
Ohio Connecting Railway Company
Orange County Lighting Company
Sheboygan City Water Company
Toledo, Ane Vailey & Ohio Railroad
Cormpan Tolar
Tlart & Holt Mills
Wichita Water Company
James Everard’s Breweries
Thomas McMullen & Company
Fort Wayne & Jackson Railroad Company
Youngstown
Winslow, Lanier& Co
Cedar Street, New York