This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 24 articles. Subscribers can read the full text of each article.
Newspaper
New York Times
Location
New York, New York, United States of America
Date
Sep 17, 1908
Page
11
Traders report a cautious balance of bulls and bears after a modest rally. Analysts cite political currents, dividend news from American Locomotive, and margins pressure as factors shaping the retreat. Brokers note many clients cashed profits, while high priced stocks see renewed margin calls. A veteran speculator recalls mining ventures rarely paying off, while political visitors probe corporate giving.
Copper spot and futures on the London Metal Exchange finish steady at 60 pounds 7 shillings 6p for spot and 61 pounds 2 shillings 6p for futures. Pig iron weak at 130 pounds 15s spot and 132 pounds futures. Lead firm at 13 pounds 3s. Spelter unchanged at 19 pounds 10s. Iron warrants weak 5s 6d standard foundry and 51s 6d Mid dalesboro. Closing bids and asks for copper and metals on New York Metal Exchange shown against Tuesday.
Barling, president of the Chicago Milwaukee and St Paul, elected president of the Executive Committee of the newly formed American Railroad Employes and Investors Association. Roswell Miller of the same road left for Milwaukee for the stockholders meeting on Sept 19. Maurice Lehman of the Coffee Exchange sails for Europe today and will base at Havre. Bl Yoakum, chair of the Chicago Rock Island and Pacific Executive Committee, returns from Chicago. Bowling Green Trust declares 5 percent dividend with books closing Sept 26.
The cotton market reached the highest levels since September 2 but eased later with a steady close down 2 to 5 points. Sales totaled about 150000 bales as futures opened steady amid mixed reports, later narrowing losses on hopeful demand. Spot action showed firm mid and Gulf prices with varied regional sales across Savannah Norfolk Augusta Mobile Charleston Galveston New Orleans Houston and Memphis.
United States Weather Bureau forecast issued from Washington for Thursday and Friday. North Carolina fair with light northerly winds. South Carolina Georgia fair with light winds. Alabama fair with possible coastal showers and light northeast to east winds. Mississippi partly cloudy with easterly winds. Louisiana showers with variable winds. New Mexico fair. Arizona Utah Colorado fair and cooler. Oklahoma partly cloudy then fair and cooler. Ohio Indiana Michigan Wisconsin Minnesota Iowa Kansas Missouri North Dakota South Dakota Nebraska Wyoming showery periods and cooler conditions with varying wind directions.
London trading faded under profit taking with a dull finish as Consols shifted after a Treasury bill issue. Home rails fell on denials of Scottish line talks while copper shares declined with metal prices abroad. Paris and Berlin opened weak on Moroccan note and German press tone, with weak bourse faces and euro exchange near varying levels.
The market for wheat and corn rose on strong export and milling demand with new highs. Western wheat receipts reached 1,759,000 bushels while clearances totaled 678,000, led by Galveston. Cash wheat ranged 1.07% to 1.09% at New York, with various grades cited. Corn softened amid improved weather, western receipts 525,000 bushels, Liverpool up 4.4% net.
A committee leading British shareholders of Pillsbury-Washburn Flour Mills in Minneapolis seeks power to act for all holders. Led by Lord Avebury, the group has consulted Slaughter and May and Samuel Untermyer to coordinate with debenture trustees. The company fell to receivers Aug. 8, with its position affecting Miller's Products of Chicago, also in receivership since Aug. 10.
Paris reports arrangements are nearing completion to float a new Russian loan in France. The issue aims to redeem 800 million ruble 5 percent notes due next spring with a new 400 million ruble issue, replacing the 4 percent Treasury notes.
A special report from Philadelphia outlines price movements and market trends. The piece notes notable shifts in costs across goods and services, reflecting economic conditions affecting vendors and households citywide.
In Cleveland on September 16 Judge Taylor named B A Worthington as receiver for the Wheeling and Lake Erie Railway Company under a renewed action. Central Trust of New York began foreclosure for bondholders, with potential merger of suits and possible shift of control from Gould interests to the Harriman Rockefeller group.
The Iron Age reports mixed demand with buyers hesitant amid elections while Southern and Western suppliers push into sheets pipes and wire. Prices tighten as producers hold firm in Alabama Virginia and the East, Chicago furnaces cut No 2 foundry prices, and rail orders lag. The Iron Trade Review notes slow recovery but potential car orders. the German Pig Iron Syndicate dissolved and the English market strengthens slightly. Demand for iron ore rises with Cleveland mills selling over 200000 tons. Southern pig iron resale weakens regional markets. Dullness persists nationwide with few large projects abandoned.
The Houston and Texas Central Railroad Company announces bonds drawn by lot from land-sale proceeds to purchase and retire 15 percent of its consolidated mortgage bonds. Drawn bonds will be paid at 110 percent of par with accrued interest, ceasing interest after sixty days following publication of the September 21, 1908 notice. President R. S. Lovett signed the notice in New York on July 23, 1908.
Early yesterday the market rose five points on light demand and a quiet close. Spot Rio No 7 traded near 4 cents, with port receipts totaling 94,000 bags this year against 73,000 last year. Futures ranged with varying highs and lows across months, closing around mid fives.
An order for six mogul type locomotives from the New York Ontario and Western Railroad will restart operations at the American Locomotive Company C Boke shop in Patterson. About 400 workers will be employed for several weeks as production resumes after a standstill.
New York University starts a one year evening course in finance aimed at bank and brokerage clerks. Professors from the university and business leaders will teach and prepare students for the American Institute of Banking exams.
Administrators auctioned numerous securities yesterday at the Exchange Salesroom Adrian H Mulier & Son auctioneers. Items included New Jersey Title Guarantee and Trust 410 shares at 100, United States Title Guarantee and Indemnity 12 shares at 100, Columbia Trust Company 25 and 14 shares at 100, Trust Company of America 10 shares at 100, Standard Coupler Company 25 shares at 100, Tonopah Mining 100 shares at 7 for Nevada, Crown Castings 25 shares at 20, International Banking 60 shares at 100, West Shore Railroad 10 000 bonds at 100 with accrued interest, Coal Creek Mining 184 shares at 100, Poplar Creek Coal and Iron 3645 shares at 100, Southern Mineral Land 20 shares at 100, Southern Mineral Land first mortgage 100 bonds due 1019, egie Trust 110 shares at 100, Aetna National Bank 90 shares at 100, Standard Roller Bearing 40 shares at 50, Guardian Trust 70 shares at 100, Morris & Essex Railroad 1 7 per cent bonds due 19 with accrued interest, National City Bank 1 0 shares at 100.
The Central of Georgia Railway Company and a committee announce a protective agreement for First Preference Income Bonds for year ending June 30, 1908. Bondholders must deposit with Metropolitan Trust Company by September 28 1908 to receive benefits and possible New York Stock Exchange listing.
Office of the Treasurer Pittsburgh announces purchase of New First Consolidated Mortgage 4% Bonds totaling 16720 for the sinking fund on October 1 1908. Sealed proposals due by September 30 1908 with lowest bid at or below par and interest. Treasurer H B McKnight. Also ad offers safe mining stock inquiries from Darbyshire Rochester N Y Box 1810.
Sealed proposals issued from the Depot Quartermaster at 39 Whitehall Street New York and West Point N Y for bicycles stables storm sewers and forage solicit bids with deadlines in September and October 1908. Various bonds and stock offerings listed from multiple companies and banks with guaranteed rates and maturities.
Union Pacific Railroad Company declares a semiannual dividend of 2.00 per share on preferred stock and a quarterly dividend of 2.50 per share on common stock payable October 1 at the Treasurer's Office New York to stockholders of record September 14. Stock transfer books close September 14 and reopen October 14. Stockholders urged to file dividend orders. Craig Crosby treasurer.
A collage of 1908 dividend declarations from Minneapolis Saint Paul and Sault Sainte Marie Railway Company Union Typewriter Company American Locomotive Company New York Central and Hudson River Railroad Bowling Green Trust Company The New York Trust Company Mercantile Trust Company Aeolian Piano Company Kerr Lake Mining Company and others announce quarterly and semi annual dividends payable in October 1908 to stockholders of record in September 1908.
The treasurer of the Cincinnati and Muskingum Valley Railroad notes plans to purchase mortgage bonds totaling 17,580 dollars for the sinking fund on October 1, 1908. Sealed proposals to sell bonds must reach The Farmers' Loan & Trust Company in New York by 3 PM on September 30, 1908. T. H. B. McKnight, Treasurer.
Multiple company notices declare quarterly dividends with payment dates in 1908. UNITED STATES STEEL CORPORATION sets No 19 of 44 for 1 percent, record date Sept 9, transfer close Sept 9, reopen Oct 1. STANDARD CONSOLIDATED MINING CO and Farmers Loan and Trust Co announce ten cent per share dividends with Sept dates. NINETEENTH WARD BANK lists 3 percent dividend payable Sept 30. VAN NGORDEN TRUST COMPANY declares 2 percent dividend payable Sept 30.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.