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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Aug 29, 1908
Page
3
Brokers and clerks in finance show rising restaurant patronage again after a post crisis slump. In boom times brokers treat clients to lavish lunches at top houses, but during downturns they cut costs, dining frugally. Now cheerful trading and restored profits are lifting spending at Wall Street eateries.
Chicago wheat rose as Liverpool demand and limited U S. shipments boosted early trading. Prices closed firm with strong cash demand and exports steady. corn held firm despite liquidation while oats eased. Provisions rose on higher hog costs. Estimated tomorrow: wheat 53 cars, corn 299, oats 275, hogs 10,000 head.
The State Bank of St. Paul and the Citizens' Savings Bank were closed today by State Bank Examiner Schaefer after a Clearing House member refused to clear for them. The banks may reopen next Monday with Minneapolis capital. examiner says they are perfectly solvent.
Corrected daily bids and asks from Stewart and Lockwood at No 43 Exchange Place show mixed prices for cobalt in Toronto. Listed items include Nipissing and Nova Scottie with varying bids.
Chicago and Buffalo market reports show cattle receipts around 10 000 head with steady to higher prices and hogs about 10 000 head rising slightly. Prices list steers to 575, cows to 525, hogs to 690, light and other categories noted with varying bids. Buffalo reports small cattle and veal activity.
Irregular coffee with a firm spot market and light trading total 4750 bags. Cotton shows sharp early gains then a wide decline. reports cite large U S movement due to duties and weather. Grains rise on near positions with mild profit taking. exports and weekly movement tallies noted for wheat corn oats and starches.
New York August 28 1908 beans and peas receipts light with modest demand. prices steady to slightly lower for white beans and red kidney. Butter receipts 6002 packs demand slow price ease. cheese and eggs steady with ample stock. Fresh fruits show varied activity apples pears peaches and grapes with overall firmness in top grades and weakness in lower quality.
Beef receipts reached 106 cars with 235 on sale at Jersey City as markets stayed active and prices firm. Cattle and calves saw steady to higher values with New York trading at elevated levels, while sheep and lamb receipts totaled 11 cars with buyers slow and prices slipping on lower grades.
Liverpool markets close with Wheat 5pot steady and futures flat. Corn spot steady. pork and bacon prices firm with Western prime pork and Cumberland cut showing strength. Lard and tallow steady. cheese firm. turpentine and linseed oil steady amid mixed commodity action.
A summary of foreign government securities including German state bonds from Cologne Bavaria Saxony and Hessian issues with prices around 84s to 99s and yields near 90 to 101 percent. The list includes Vienna Hamburg Saxony Munich Berlin and Mexico with various 4s and 5s notes and current rates.
Charles S Phillips of D Barney Co buys through Henry D Winans & May from Archer M Huntington a six story American basement dwelling at 1082 South Ave near Andrew Carnegie’s home. He plans to occupy it. Several Bronx plots changed hands with buyers vowing to build flats and remodel stores.
The Hudson Realty Company, owner of the Fifth Ave and 71st St building, announced renewed leases for Beckerman Co. A Jacobson & Bro. M. Fisher Sons Co. Julius Stein Co. E J Wile Co. Max Worsba and Edmonds Engel Co. The Union Exchange Bank occupies the main floor and Empire Safe Deposit on the basement. All but the bank lease expire February 1, 1909, with most renewals at higher rents.
Henry J. Bulyan sold a six story tenement under construction at the southwest corner of 162nd Street and Broadway to Freidenheit 2. Jennie K. Stiefel sold No 23 East 4th Street a four story brownstone on a 20 by 100.8 foot lot. Samuel Williams sold No 5 Sylvan Place a six story apartment house on a 40 by 95.5 foot plot. Mulvihill & Co sold for Sarah Bernstein a three story dwelling at No 1 Barker Ave Williamsbridge on a 34 by 125 foot lot.
In the Real Estate Exchange Salesrooms two six story brick tenement houses at 33 to 37 West 198th Street were bought by Corporate Realty Association for 71 92 amid debts of about 45 000 on two mortgages. Other auction results include 1316 Park Avenue at 100th Street a 5 story brick tenement sold with amount due 4 563 15 plus taxes 926 and 19 528 total against J Well et al. Ave C corner Cori St 23 4x83x and 3 4 story homes listed with liens totaling 21 445 93 taxes 200 adjourned.
Bryan L. Kennelly conducts a sale of 172 lots at Rockaway Park on the premises at 3 o clock. Previous sale by Kennelly showed strong demand for this type of property.
Ames and Company lease the northerly part of the second floor in the Marbridge Building at Broadway and 34th Street to William R. H. Martin. The space covers 10000 square feet and the lease runs for a long term at a total rental exceeding 150000 dollars.
Staple Realty leases Nos 792 and 74 Washington to Emanuel L Spellman for fifteen years at a large annual rent. John Stick leases for Childs Company the second left in No 36 West Xth st to Saub Maenowitch for one year. Heil Stern leases for Improved Property Holding Co in No S¢ to 9 Fifth Ave NW corner of Mth st three lofts totaling 20000 square feet for years at $106000 total rent. Lessees listed as Borgenicht Kornreich Co.
A listing of multiple proposed Bronx structures with owners and architects. Projects include a two and a half story frame dwelling at 210th Street near South Avenue costing 1 150 dollars, a 72 by 56 foot two story dwelling on 22nd Street, and several brick tenements and dwellings with respective owners and architects noted. Total costs and locations vary across Manida Street, Spofford Avenue, St Ann's Avenue, Taylor Street, and Van Nest Avenue.
Chicago report says Robert C. Eastman a New York broker once held on embezzlement charges of 31500 was rearrested today by New York detectives with extradition papers after a brief municipal court release.
Unprecedented peach receipts and a bumper crop across Michigan and Ohio push prices down by $1 a bushel in the last week. Fancy AA peaches quoted at $5 25 per bushel with other grades B50.
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