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 13 articles. Subscribers can read the full text of each article.
Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Aug 21, 1908
Page
2
Market recovered from morning declines as total trading showed 727,998 shares for a segment, versus 527,094 on the prior year. The period January 1 to August 20 recorded 111,258,661 shares traded, down from 138 million the previous year, with watchful investors noting varied volume across listings.
Southern Pacific declares a quarterly dividend of one dollar and fifty cents per share the eighth on common stock payable October 1 1808 to holders of dividend warrants No 8 with warrants surrendered to the treasurer at 120 Broadway New York A K Van Deventer Treasurer July 28 1908 Federal Mining and Smelting Company announces a dividend of one and three quarters percent on preferred stock payable September 7 to stockholders of record August 28 FF Kilner Secretary August 20 1908
Fragmentary stock and bond listings from Charlies PD and partner offices show prices for railroads, steel, electric, and traction shares. Entries include Am Ry Co, Cambria Steel, Lehigh Nav, Union Traction, and Philadelphia firms with bid and ask figures and various preferreds.
Trading opened with broad selling led by Rock Island and New York Central as speculators pressed near-term bets. Despite no adverse news, prices fell, with heavy margin accounts shaken out before a late cover rally lifted many shares 1 to 2 points. Southern Pacific and Union Pacific recovered, while Metropolitan Street Railway faced weak earnings despite high fare receipts.
The Bank of England weekly report records a £2,158,000 rise in total reserves and a £421,000 drop in circulation, with bullion up £1,726,000 and public deposits up £2,200,000. The Bank’s reserve ratio sits at 52.30 percent, while the discount rate remains at 2 percent. The Bank of France notes a currency contraction of 34,175,000 francs and increases in treasury deposits and general deposits totaling over 21 million francs.
The report records assets and liabilities with notable shifts including a decrease in advances of 6,250,000 francs and a reduction in bills discounted by 1,050,000 francs, while silver on hand rises by 375,000 francs and cash rises by 2,075,000 francs.
Bond market activity shows totals of bond sales and closing quotations for government and corporate issues. The report lists numerous issues from Mex Cent Con to Union Pacific and AT&T Convt, with prices and yields, followed by a comparative note on yesterday's closing quotations.
The money market opened at 1 percent on call with little activity and ample supply. Time money offered 2 percent for sixty days, 2 1/2 for ninety days, and up to 5 1/2 for six months. Foreign exchange opened easer. cables 4.8645 bid and asked, sterling around 4.8620, fractions vary with bills. Bank rates show declines in the afternoon. heavy cotton drop noted. Domestic exchange lists city discounts and telegraph premiums. bank clearings show notable activity in New York, Chicago, Boston, and Philadelphia. Sub Treasury shows a debt to Clearing House of 1,363,211.
A list shows no yesterday trades on the New York Stock Exchange with last sales and closing bid and asked quotations for numerous issues. The roster includes Adams Ex Am A C pf, Am Can pf, Am Lin pref, Am Wool, Coast L, Chiefs do pref, Gen Ch Go, Lake Shore, Long Island, Marine, Mackay Co do pref, New Coal, N W pf, Reading Ist pf, and many others with varied bid and ask ranges.
London market for American securities shows dull trading with minor price moves. Key quotes list London call money at 12 percent, short and long bill discounts at 14 and 17 16 percent, Berlin and Paris discounts at 2 and 1 percent, and exchange rates such as Paris on London at 25 francs 14 centimes. British consols quoted at 865 and 864 percent, French rentes at 6 francs 40 centimes.
The market showed low activity with outside securities trading lightly. Mining stocks dominated turnover with small price moves as Bay State Gas eased after an early gain and Chicago Subway declined. Central Foundry bonds rose while Allis-Chalmers and Nevada Consolidated slumped slightly or gained small points.
Furnished by Swartwout & Appenzellar lists diverse collateral trust notes with maturities from 1908 to 1922. Entries include Am Cigar Co, Am Tel and Tel Co, Coast Line RRS, B&O, Ches & Chic Ry, and Interborough R T among others with bid and asked percentages, par values, and issue dates.
The report notes mixed London trading with strength in consols and heavy American curb trading. It covers Central Iron and Coal bond issues, Wisconsin Central loan repayments, Frisco loan terms, Boston and Maine deficits, declared dividends, bank cash gains, and Knickerbocker Trust payments, plus a petition for an extra holiday at the Produce Exchange.
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.