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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Aug 29, 1908
Page
14
Wall Street brokers and clerks shift from frugal meals during the panic to more generous dining as prosperity returns. In boom times brokers host clients daily, while in hard times they eat merely frugal meals. Restaurant owners note the same swing from restraint to cheer as the market recovers.
Chicago August trading closed firm with wheat up 6 to 4 above yesterday. Liverpool advance boosts futures while corn and provisions hold firm and oats ease. Cash wheat active on demand. export quiet but some sales noted for hard winter. Receipts: wheat 277000, corn and oats variable. hogs offerings light, market firm.
State Bank Examiner Schaefer shut down Citizens' Savings Bank and another St Paul bank today after a Clearing House member refused to clear for them. Both institutions were declared solvent and may reopen next Monday with Minneapolis capital backing.
Chicago and Buffalo market briefs report cattle receipts around 8,000 to 10,000 head with steady to higher prices for steers and heifers. Hogs show varied gains with top bids near 6.80, while sheep and lambs trend steady to firm. regional notes include Southern and Western steer pricing and stocker feeder activity.
In New York August 26 2008 the coffee market closed steady after a light session with small buying absence and selling pressure in later months. Cotton prices rose early then fell to near the day’s lows as Wall Street activity pressured futures and reports highlighted weather and demand factors across U S ports and international markets.
Receipts today include 102 sacks beans with demand still light. Foreign and domestic beans show irregular prices while pea beans edge lower. Butter and eggs trade quiet with steady markets. cheese and creamery quotes steady to firm amid ample supply. Fruits and produce show varied movement with apples and pears in demand, grapes weak, and melons steady for prime lots.
Advices from markets detail prices per bbl and per basket for peaches plums grapes and other fruits. Maryland Delaware New Jersey and New York regions show varied rates with specific crates and carriers noted, including HOPs and dairy-like prices amid a broad range of vegetables and fruits across locations.
Livestock market notes show cattle and sheep flows with 196 cars of beeves and 111 cars of sheep and lambs. Trade steady to mixed. native steers bring 5486 to 604 per 100 lb, dressed beef at 19% to 21c per lb, exports to London expected, and weekly totals tally 1,290 cattle and 450 beef quarters. Major consignors include J. Shamberg & Son, Schwarzschild & Sulzberger, and Morris Beef Company.
Liverpool market summary shows wheat and corn steady amid mixed American futures. Flour and hops steady. Indian mess brisk. Meat products advance with strong bacon and hams, while lard and cheese hold firm. Turpentine and linseed steady with petroleum quiet. Rosin steady at 7s 3d.
The notice catalogs various foreign government and German state securities with issuers such as Cologne Hessian and Munich Bavarian governments, Saxony and Berlin bonds, along with Vienna and Hamburg issues, including prices and yields. It lists figures like 92% 99% and 4s 90% 91 with references to C of Munich and C of Berlin.
Charles S Phillips of C D Barney Co buys through Henry D Winans May from Archer M Huntington No 1082 Ave a six story American basement dwelling on a 2 1 2 by 102 2 foot lot near Andrew Carnegie home. He will occupy the premises.
The Hudson Realty Company reports renewal of leases for multiple lofts and floors at the Fifth Avenue and 21st Street building. Tenants include Beckerman Co A Jacobson Bro M Fisher Sons Co Julius Stein Co E J Wile Co Max Worsba and Edmonds Engel Co. Union Exchange Bank occupies the store floor and Empire Safe Deposit Company the basement. Renewals, expiring February 1 1908, are at higher figures than before.
Henry J Balvam sells to Freidenhelt a six story tenement under construction on a 97.3 by 100 feet plot at the SW corner of 162nd Street and Broadway. Jennie K Stiefel delivers a four story brownstone at 23 East 5th Street on a 20 by 100.8 feet lot. Samuel Williams sells a six story apartment at No. 5 Srivan Place on a 40 by 95.5 feet plot. Mulvihill & Co. sell for Sarah Bernstein a three story dwelling at No. 2 Barker Ave Williamsbridge on a 4 by 125 feet parcel.
In foreclosure sales Joseph P. Day sold two six story brick tene ments Nos 3% to 37 West 18th st on a 7⅞ by 99.11 foot plot to Corporate Realty Association for 71.52. Other results include 1319 Park Ave at 100th Street and Ave C near 10th Street with multiple parcels, mortgages and taxes noted. adjourned items listed with amounts due.
A sale of 172 lots at Rockaway Park will be held today on the premises by Bryan L. Kennelly at 3 o clock. The previous sale there by Mr. Kennelly showed strong demand for such property.
Ames and Co. leased for William R. H. Martin the northerly portion of the second floor in the Marbridge Building at Broadway and A street. The five thousand square foot space is part of a long term lease with total rental exceeding $150,000.
Staple Realty leases Nos. 72 and 74 Washington St to Emanuel L Spellman for fifteen years at annual rent of dollars placeholders. John Stick sublets No. 3 West 3th St to Sand Manowiltch for one year for Childs Company. Hell Stern sublets No. 9 Fifth Ave northwest corner Mth St to Improved Property Holding for three lofts totaling 20000 sq ft at a multi year term and total rent of 106 dollars. Lessees listed as Borgenicht Kornreich Co.
The notice lists multiple Bronx parcels with owners and architects. Properties include a 2 story frame house near 217th Street, a 2 1/2 story frame dwelling on 227th Street, a 1 story frame dwelling near White Plains Road, three story brick dwellings, a 5 x 88 brick tenement on St Ann's Ave, and several other residential structures with respective owners and architectural firms. Costs are referenced but largely unspecified.
Chicago August 21 Robert Eastman the New York broker arrested here for embezzlement of 3150 was rearrested today by New York detectives with extradition papers Flo had just been released by the municipal court
Unprecedented peach receipts and a bumper crop in Michigan and Ohio push prices down by about $1 per bushel in the past week. Fancy AA peaches quoted today at 3, with other grades at lower figures, marking a drop from last year.
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