London Stock Market Slips After New Account Opens
The London and New York markets showed irregular trading and a sell off after new account activity began. Quoted prices included Anaconda 10.5 percent, Southern Pacific 26.5, Union Pacific 102.5, US Steel 25.0, and Goodyear preferred 11.14. Foreign money rates read 1.15 16 in London, Berlin and Paris discount rates at mixed levels, with Paris exchange at 25 francs 15 centimes and Berlin exchange at 3 marks 2 pfennigs. Government bonds closed slightly firmer ahead of yesterday’s quotes.
MENTIONED IN THIS ARTICLE
London
New York
New
Anaconfaz
No ‘ Ag Southern Pacific
Union Pacific
Us & Bteel
Berlin
Paris
Paris Exchange
Berlin Exchange
Chicago Subway
Eastern Penners
Ing
Alaska Mines Sec
Argonaut
Fatlanta Goldfield
Relaklala
Boston Copper
Colum Cop
Lie Butte Coalition
I Butte & N
tCoba't Central Bs8
Ariz
um-Ely
Davis Daly Estate
Fur Creek
Guanajuato
Jim Butler
Mason Valley i
Motmontez
Utah
M & Ss
North Butte
Wyoming
San Carlos
M& M
Stewart Os
Mo'sup & Pitts
Trinity
Tayra Derpe
Taton Mines
United
Yukon
Hisha
Adama Excel
Allis-Chal
Cent
New York City Bonds Furnished by Eyer & Co
Bond quotations from Eyer & Co at 87 Wall Street show maturities and bid prices for May and November options. Prices range around 100 to 108 percent with varying percentages and dates including 1917 1955 1956 1926 and 1954.
MENTIONED IN THIS ARTICLE
New York City
Eyer & Co
Wall Street
Sete
I Villay & Mov
Securities Values Seek Lower Level
Total sales for the day reach 880,550 shares, down from 1,083,238 on the same day last year. For the period January 1 to August 11, inclusive, total sales amount to 105,414,527 shares, compared with 133,545,206 shares for the previous year.
Wall Street stock declines amid aggressive room trading
A broad market dip followed profit taking as prominent operators pushed prices lower while uptown cliques and large traders cashed in. Amalgamated Copper American Smelting National Lead Reading Union Pacific United States Steel led losses with few strong performers Colorado Fuel and Iron Northern Pacific Ontario & Western rising at times. Banks anticipate outward fund flows to the South and Southwest. New Orleans to New York transfers may rise. Canada draws money for a large wheat harvest. The market remains hopeful but wary as big players aim to trigger a new wave of buying on dips.
MENTIONED IN THIS ARTICLE
Bares
Allis-Chalmers Co
Saeee
Kansas City
Patere
Amalgamated Copper
Paserecerenecese
American Car & Foundry
Minneapolis & St. Louis
St. P
M. St
American Ice Securities Lm
Missouri, Kansas & Exas
Missouri
Kansas
Texas
Missouri Pacific
Ryle
National Biscuit
National Enam
National
Newhouse M. & S
New York Central
New York
En,& Western & Westerm
Talgith
American Steel Foundry
Etfs
American Tel. & Tel
Northern Pacific
American Tobacco Pr
Pacific Coast
Pacific Mail
jAtchison
Pennsylvania Railroad
Atchison
Atlantic C ‘Coast Line
Pittsburg
Baltimore & Ohio
Batopilas Mining
Bethlehem_ Steel
Railway Steel Spring
Reading
Brooklyn Rapid Transit
espBrooklyn Union Gas
Republic Iron & Steel Peace
Butterick Company
Republic Iron & Steel
Canadian Pacific
Rock Island
Chesapeake & Ohio
Alton
St. Joseph & Grand Island
Chicago
St. L
S.f. C
E. Illetts
Chicago & Alton
Great Western Ty
St Louis & Southwestern
Southern Pacific Pr
Mil
Southern Railway
O & Northwestern
Wiig
Southern Railway A
Ag Am —Ae Chi
St P
Doe
Tennessee Copper
Colorado Fuel & Iron
Texas & Pacific
iColorado & Southern
Texas & Pacific Sd
Third Avenue Railroad
Colorado & Southern
Toledo Railways & Light
St. Louis & West
Columbus & Hockings É&Ii
Toledo
Consolidated Gas
Twin City
Union Pacific
Are & Hudson
Rio Grande
United
Killing Securities
S. Cast Iron Pipe & F
S. Cast Iron Pipe & F. P
United States Realty & Imp Ely Pity
Oanoe
United States Rubber Eeeseer
United States Steel Pr
Utah Copper
Tinois Central
Va.Car
Interborough-Metropolitan
Va. Iron C. & C
Interborough- Metropolitan
International Harvester
Tetwceerees
Om International Paper
Western Maryland Crseeses
Western Union Telegraph
Westinghouse
Wheeling & Lake Erie
Kanawha
Michigan
Southern
Wall Street
Stock Exchange
American Smelting
National Lead
Tnited States Steel
Colorado Fuel and Iron
Ontario & Western
Exchange Houses
New Orleans
Sub
Treasury
St. Louis
Canada
New York Exchange
Montreal
United States
Europe
Standard Oil
Investment advise cautions on speculation in stocks
General conditions suggest investment purchases in stocks and bonds. There is no danger in buying good American railroad and industrial issues for permanent holding, but speculative purchases on borrowed money at the present level do not appear so attractive, at least for small traders who believe they can accumulate wealth on small margins.
Bond Market Sales Summary of U S Treasury and Corporate Issues
A dense bond market listing shows numerous issues with prices and yields for U S Treasury bonds and corporate notes. Highlights include 50000 marine four percents, 110000 do 60s, 1000 Am Tobacco four percents, and 19000 Inter Met ats bonds with various percentages. total listed value aggregates to 4,253,000. Within the sheet, bonds from Am H L, Am Sce Sec, Rio G West, and NYC Gen 34s appear, alongside railroads, airlines, utilities, and industrials.
MENTIONED IN THIS ARTICLE
Brees Secara
NY City
Tel & A
Somio
M & St L
LS & W
Brook
Beth Steel
IMO
Pau Ane
Anne
Rio
San A & Ar P
Pac
Ote Howe
Erie
Sono Tnt & Gt Aw
K City
PS & Ronn
Kan City
Sh & M
West Shore
Philadelphia and Baltimore Stocks in Brief
Philadelphia and Baltimore stock quotes show bids and asks across numerous issues. Key entries include Elec Star Bat at 38% bid and 38% asked, United Railway 62% both sides, and Lehigh Val R xos around Replies include Cotton Duck at 6 and 6%, Union Trust near 40, Third Nat Bank at 115 bid 118 asked, and Nor Cent By around 98 with 6% noted.
MENTIONED IN THIS ARTICLE
SS Am Cement
Lehigh Val
Baltimore
Lpalledal Goisa
van Schaick & Co
Wall Street
Cambria Steel
Geometec
Elec Star Bat
Penn R R Co
United Railway l‘ Cotton Duck
Elec Co
Oe Steel Co
Fairmount
Pnt
Opt
Yi Apy
General Azphaiteo CO
Phila Rapid
Ins Co
N Am
Chas City
Lake Sup Corp
Tnion ‘Traction
Chas Cons el Ss
UN B Gas 3
Continental Tr
Lehigh Navig
Union Trust
Svecee
Third Nat Bank
Inactive stocks show last sales and closing bids on NYSE
The table lists last actual sales and closing quotations for stocks with no transactions yesterday on the New York Stock Exchange. Entries include numerous line items with last sale, bid and asked prices, and noted percent changes for firms such as Adams Ex, Allis-Chalmers, Am Coal, Am Exp, Lake Shore, Mackay Cos, N Y Dock, Sears Roebuck, US Steel, Homestake, Int Harv, and others, reflecting a broad cross section of industries and brokers.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Adams
LE & W
Lake Shore
Bo — Mackay Cos
Man Beach
Midh
Fdy
Im&st Lp
Stig
Nash & Ch
Bisc
A Wool P Bain
En & Sp
Ann Arbor
of Mex
Beth Stlp
Brunswick
NYA Br
Can South
NJT
Peo & East
Peccesth
Stn
RW & Og
Det United
Sl&sfistpf
Ev & T H
Sears-Ro
Sloss-Sh
JM U Cigar
U S
ST US
Money Market and Foreign Exchange Report Summary
Money on call opened at 1 percent with last loan at 1 percent while time money eased and demand was good. Rates for ninety days 2 percent, four months 3 4 percent, five to six months 3 4 percent. Foreign exchange opened easier with cables 4.8665 and demand sterling 4.545, noon firmer 5-point gain. Bankers posted rates, domestic exchange quotes and government receipts show daily fiscal activity with substantial New York and Chicago clearings and Sub-Treasury debtor status.
MENTIONED IN THIS ARTICLE
Germany
Paris
Belgium
Switzerland
Holland
Thos Colliery Co First Mortgage Bonds Sealed Proposals
Holders are invited to submit sealed bids for the sale to The Pennsylvania Company for Insurances on Lives and Granting Annuities at the lowest price not exceeding 192 percent plus accrued interest. Purchases up to 15818.72 dollars. Proposals must be sent to C S W Packard President 517 Chestnut Street Philadelphia Pa by 12 m Saturday August 29 1908.
MENTIONED IN THIS ARTICLE
Thomas Colliery CO
Pennsylvania Company
C S. W Packard
Chestnut Street
Philadelphia
Wall Street Journal Investors Read Market Irregularities
Investors read The Wall Street Journal report widespread irregularities in outside securities trading. The market showed mixed strength with heavy realizing, some encouraging orders, and selective gains in spots like Bay State Gas and Central Foundry while American Tobacco softened. Mining stocks varied with several losses and modest advances. bonds saw firmer demand.
MENTIONED IN THIS ARTICLE
Bay State Gas
Standard Oil
Chicago Subway
Central Foundry
American Tobacco
Boston
British Columbia
Butte Coalition
First National
Goldfield Consolidated
Greene-Cananea
Nevada Consolidated
Cumberland-Ely
United Copper
Yukon Gold
Superior & Pittsburg
Micmac
Tonopah Mining
Miami
Furnace Creek
Consolidated Arizona
TOPICS OF THE STREET FOREIGN TRADING
Foreign houses sold forty thousand shares in the local market while only a few thousand were bought. London operators disappointed bull leaders as new London buying could have drawn in more bulls. London consels prices improved after early weakness. the general market was steady except the American department. Fortnightly contango on Americans in carry-over rose to 214 percent from 2 percent. Banks lent at 2 percent. Paris exchange on London gained 1 centime. Baltimore and Ohio traffic improves as thirty idle engines are put to work. Cumberland shops expand. coke racks move west. Cumberland loads up. optimism remains about grain conditions.
MENTIONED IN THIS ARTICLE
London
London Exchange
Paris Exchange
Baltimore & Ohio
Cumberland
Martinsburg
Stocks Drift as Heat Bores Crop Outlook for Markets
Market notes express mixed sentiment on crop prospects with grain connections optimistic about an average crop but worried weather could boost corn as a market factor. United States Steel showed solid support despite overall weakness with large blocks traded and further bulls suspected. Bay State Gas calls special meeting for August 1v to report condition after receiver discharge.
MENTIONED IN THIS ARTICLE
United States Steel
United States Steel Common
Housman & Co
Morgan
BAY State Gas
Bay State Gas Company
Standard Oil Company
South
Central America
West Indies
Cincinnati, New Orleans
Texas Pacific
LIIST
The
Stock Exchange
Colorado & Southern Railway
Sloss-Sheffield
Sloss-Sheffield Steel and Iron Company
Exports of Merchandise Reveal Year-to-Date Totals
Fragmentary report shows week ended August 1 with exports valued at 7,725,086 and year-to-date total 15,509,135. Earlier line references January 1 start, but data is incomplete and partially garbled.
Also Mentioned on This Page
Arthur Cramp
the Times
America
London& Paris Exchange, Ltd
Basildon House, Bank
England
Glair
Sustaiteod Ty
U.s.steel Sc
Chisholm & Chaprarbers
New York Stock
R. L. Day & CO
Wall St
Congress St
Municipal and Railroad
Merican Finance and Securities Co. Investments
Nassau-St- Newark
Toronto
Exchange Place
Adelaide St
Hanover
White & CO. Bankers
Pine Street
Alf
Schmidt & Gallatin
Illinois
N. Y. Stock Exchange
Swartwout & Appenzellar
Tel
John
Pine St. N
Jiregt
Dominion Copper
J. Thomas Reinhardt
Broad ST
N. Y
Werlook
Nevada
First National Copper
Wells, Fargo & Company
St Broadway
W. Zimmermann
American Securities Abroad
Mon- Gay
B & Coupen
Sones M
Nyc
NOY Air
Norf & W
Penn
Charles JD
Money and Exchange
San Francisco
Cincinnati
Savannah
Madrid
Lisbon
Washington
Sub-Treasury
Clearing House
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Bishopsgate St
Boulevard Haussmann
Defiance Water Company
Circuit Court of the United States
Northern District of Ohio
Western Division
Metropolitan Trust CO
City of New York
Wall Street Journal
Outside Securities
Industrial
Lope Hich
Writ
Bat State Gas
Central
den Gas & Elec
Otis Elevator
Metropolitan Trust
Car & Fay
Louis & Nash
Kan
TRS BS
Tis
Taney NY
Ont & West
Oo Pacific Mail
Pennestrania
Rep Steel
Southern Pacific
Texas & A Bs
Tory Fon Pacific
S&s Steel
Atlanta
Batopilas
Conal & Va
Goldfield
Goldfield Daisy
Jim Rutier
Ophir Osoe
T Lockwood
Stewart & No. 43
Buffalo
Acense
Temiskam
Meehan
Kerr Lake
la Rost
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