Market Review Indicates Bullish Tilt in Low Priced Stocks
Yesterday trading showed heavy volume with net gains in many issues. Low priced shares led activity as traders bet on profits in a broad class, with strong demand for Interborough Metropolitan Ontario & Western Mexican Central and Toledo St Louis & Western. Major names like Chesapeake & Ohio Missouri Kansas & Texas and Brooklyn Rapid Transit also featured, while Union Pacific saw heavy selling in afternoon. Market closed firm with most active issues up, though some high grade stocks dipped slightly. Observers question durability of the rally, but insiders suggest leading interests have not dumped holdings. The outlook remains cautiously optimistic despite signals of a possible near term pullback if money tightens.
MENTIONED IN THIS ARTICLE
Interborough
Ontario & Western
St Beouis & Western
Chesapeake & Ohio
Missouri
Kansas & Texas Common
Wabash Preferred
Brooklyn Rapid Transit
Denver & Rio Grande
Texas & Pacific
Union Pacific
Southern Pacific
St. Paul
Reading & Great
Northern
United States Steel Common
Amalgamated Copper
Reading
Northern Pacific
United States Steel
Colorado Southern
Kansas
Texas
Atchison
Stocks Rise Across Markets on Broad Demand
Traders reported broad gains with shares rising, led by technology and financial groups. Bond activity showed Mixed results as Japanese yields and U S Treasuries influenced sentiment. total bond sales reached 8.194 million dollars amid fluctuating cash holdings.
American securities abroad market review in London
London market reports irregular and inactive for American securities with minor final changes. Curb trading showed a hardening tendency while key American issues like Atchison Illinois Central and Pennsylvania displayed fractional gains or losses as foreign money markets and exchange rates influenced activity.
Inactive NYSE Stocks Last-Traded Prices Quiet
Last actual sales and closing quotations for stocks with no yesterday transactions on the New York Stock Exchange list numerous issues with bid and asked prices. Entries include Am Ex, Lake Shore, Am Exp, Am Lin pf, New Coal, Reading, and more, showing varied bids and asks amid inactivity. The table reflects limited market movement with many firms reporting no sale yesterday.
MENTIONED IN THIS ARTICLE
New York Stock Exchange
Adams
X &Bm
Ac&f
Lac Gaspe
le& W
Lake Shore
Long Island
Lin
Man Reach
MD Coal
IM & St L
Mor & Ew
Ann Arbor
Nash & Ch
Nat Bis Pf
Coast L
Beth Steel
Rkin U G
Nyc&sl
Bre& P
NYC Dock
Butterick C
van ST
N & W Pt
Cc&stl & Stm
Cl&Opfi
W&c
Cm&stp
C & Nw
Cspm&o
Rens & Sara
OF & I
RW & O
Consol Coal
Sl&sf
Dl&ew
Ev &T
Sears-R Z
M&s
ISS
SI &I
Fed Su
T Rys
Gen Ch Co
U S
Ra& R
Ing-R Co
Vandalia R
Wells-F
Kcfs&m
Government Bonds Closing Quotation Report
Yesterday's bond quotations show declines and advances across U S government issues with 2s, 5s and 4s listed. Notable entries include U S 3s small bond and Panama 2s with varied bid and ask figures, plus District of Columbia 8s.
MENTIONED IN THIS ARTICLE
Wembly U
U. S
II. S
Panama
District of Columbia
Foreign Bank Returns From London and Paris
London reports a weekly Bank of England drawdown across reserves and deposits with total reserve down 622000 pounds and public deposits down 615000 pounds. The Bank of France notes on hand money up 26150000 francs while silver on hand falls 50000 francs as of December 10.
Numerous 1908 corporate dividends appear for railways and paper
The notice lists quarterly and semiannual dividend declarations from Manhattan Railway Company Interborough Rapid Transit lessee, Aeolian Weber Piano, Chicago Indianapolis and Louisville Railway, Union Bag and Paper Company, Chesapeake and Ohio Railway, and Norfolk and Western Railway. Details include percentages, payment dates, record dates, and transfer book actions, with several date typos and misprints.
MENTIONED IN THIS ARTICLE
M. J. H. Campbell
Outside Securities Market Moves and Copper Shares
Market for outside securities shows irregular price action with occasional firmness in copper shares. Rawhide Coalition drops 7 cents from day high amid stop-order rumors, later rallying on trader covering. Cobalt Central and Kerr Lake advance, Chicago Subway weak, Standard Oil up 4 points, bonds steady with fair demand.
MENTIONED IN THIS ARTICLE
Rawhide Coalition
Cobalt Central
Nevada Consolidated
Giroux
Kerr Lake
Micmac
Chicago
Standard Oil
Chicago Stocks and Market Tidbits Highlight Declines
Fragmented stock list from Chicago shows various preferreds and common shares including American Can, National Biscuit, Diamond Match, Quaker Oats, Edison and Swift & Co. notes. Trading activity on the South Side hints at volatility with references to local brokers and brewing interests, demand uneven across issues.
MENTIONED IN THIS ARTICLE
Chicago
National Biscuit Ao
People’s Gas
Quaker Oute
Streete Stable
Swift & Co Commonseapthy Edison
South Side
Hicage Brewing
Topics of the Street and Foreign Trading Update
Foreign houses traded 9 30,000 shares in the local market with sales slightly above purchases. In London the market was firm. Russian bonds and Kaffir stocks bought for Continental accounts. American stages closed firm on the curb. call money fairly in demand in London. Bank of England kept rate. reserve ratio at 485% eight-year average 44.96. Dividends declared: Union Bag and Paper 1 percent. Lawyers Title Insurance 3 percent. Coal and Iron National Bank 2 percent. Trust Company 0.75 percent. United Gas Improvement 2 percent. Chicago, Indianapolis & Louisville 1.5 percent common and 2 percent on preferred. Copper market remains inactive. production ahead of demand. great electric companies operating at about 58 percent capacity. Gold exports: National City Bank $2,500,000 to France. total movement $4,900,900. Sterling strong. further shipments expected. Baltimore & Ohio officers re-elected. American Agricultural Chemical Company says no dividend on common stock now.
MENTIONED IN THIS ARTICLE
Alls-Chalmers Company
Eee
Allis-Chalmers Company Pr
BOS
Mo Bum
Soy
Amalgamated Copper
Mackay Compan
American Agr. Chemical
Manhattan
American Hide & Leather
Missouri
Kansas
Texas
American Ice Securities
Dory
Missouri Pacific
Isie
Newhouse
New York
New York Central
Chicago
St. Louis
Chi
St. L
American Sugar
N. J
Par
Norfolk & Western
American Tobacco
Northern Pacific
Atchison
Ontario
Baltimore & O
Baltimore & Ohio
Pennsylvania
Asec
Batopilas Mining
Pittsburg Coal
Central
Central Leather
Central of New Jersey S
Chesapeake & Ponce & Atton
Chicago & Alton
Il U
Chicago Great Western
Rock Island
Mil
Paul Ee Lalig
jSt. L
S. F
iChicago Northwestern
Ist. Louis & Southwern
iChicago
St P
St. Louis & Southwestern
Babe
Chicago Union Trac
Stud
Southern Pacific
Aoe
Stpd
Southern Pacific Pr
Southern Railway
Colorado Fuel & Iron
Colorado & Southern
Tennessee Coper
iColorado & Southern
Texas & Pacific
Texas & Pacific Ld
Third Avenue Railroad
Columbus & Blocking C.arscinase
Fiat Louis & Western
Toledo
Os's
jCorn Products Refining
St. Louis & Western
Steagi
iCorn Products Refining
Twin City
Aoa
Crex
Union Bag & Paper
Delaware & Hud AT
Union Pacific
iDenver & Rio
Erie
United States Realty & Imp
United States Rubber
General Electric’ Company
S. Steel
Granby Mining i
Great Great Northern
United States Steel
Utah Copper
Hocking Valley Ctis
Virginia-Carolina Chemical
Illinois Central
Virginia Iron C &c
Interborough- Metropolitan
Glaru
Vulcan Detimning Gs
Interborough-Metropolitan
BRS
Co Vulcan Detinning P
International Paper
Wn International Steam
International Steam Pump
Pr. i
Tern Union Telegraph
Iowa Central
Eling & Lake
Kanawha
Michigan
San
Heck
Eling & Lake E
Kansas City Southern Pr
Consin Central
Louisville & Nashville
Anconsin Central Pr
Dexeiber
Tota
London
Bank of Bagland
Union Bag and Paper Company
Insance and Trust Company
Coal 2Nd Iron National Ren
Trust Company
United Gas Improvement Company of
Philadelphia
Indianapolis
Sal
Ville
National City Bank
France
Sterling Exchange
Baltimore & Ohio Railroad Company
American Agricultural Cheemicale
American Agricultural Chemical Company
Also Mentioned on This Page
R. R. Consolidated
Boston & N. Y. Air Line
New York & Penn
R. R. General
Edward B. Smith & Co. Bankers
Pine Street
Phildelphia
N. E. Gov
Broad & Chestnut Sts
Fisk& Robinson
Cedar St
Boston
State St
Adams St
N.Y
Queens
International Nickel
Delaware Securities
Ss. H. P. Pell & CO
Selephone
Hanover
Exchange PL. N. T
Illinois
York
Schmidt & Gallatin
Stock Exchange
Broadway
Net
Lavoule
Sub-Treasury
Ates
St. Ry
Gonne
Alb & Susc
Oh, Son
T & T Court Rowe
24 Inc
M & St T
Nas Flec
Ga Ist Inc
Do 2d Inc
Nor Pac
CM & St P
Cley C c & St L
Riv & G
Do M&o
R & Imp
Flock v Ist
US Steel SF
RDS
Leh & W J Do
Ite Tae
Chesapeake and
OHO ” Railway Company
Weral Mortgage
Old Point Comfort
Richmond
Clifton Forge
Big Sandy River
Potter, Choate & Prentice
Bankers
American Securities Abroad
Anaconia
Mi Erie
Ilinois Central
NY Central
Louis &Nash
Texaing
Ie SE
TSB
Berlin
Paris
Paris Exchange
Berlin Exchange
Foreign Bank Returns
Bank of England
Bank of France
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
Bishopagate St
Within
Boulevard Haussmann
Astor Trust Co
Central Trust Co
Columbia Trust Co
Empire Trust Co
Farmers’ Loan & Trust Co
Guaranty Trust Co
Knickerbocker Trust Co
Lawyers’ Mortgage C O
Title Insurance 2 Trust
Mercantile Trust Co
Metropolitan Trust Co
Morton Trust Co. N
Mortgage & Security C
Trust Co
Title Guarantee & Trust Co
Title Insurance Co
N. Trust Co. of America
Bank of America National City Bank
Corn Exchange Bank
First National Bank
Fifth Avenue Bank
Fourth National Bank
Hanover National Bank
Irving National Exchange Bank
Liberty National Bank
Manhattan Company Bank Market & Fulton National Bank
Mechanics’ National Bank
Mercantile National Bank
Metropolitan Bank
Nassau Bank
Bank of New York, N. B. A
National Copper Bank
National Park Bank
Maza Bank
Clinton Cilbert
Aeolian. Weber Piano and Pianola Company
Riet Lnst
WM E Wheelock
Chicago, Indianapolis and Louisville Railway CO
Messrs. J. P. Morgan & Co
Wall Street
N. Y
J. A. Hilton
Union Bag & Paper Company
Battery Place
Jas
L Sparks
Chesapeake & Ohio Railway Co
Cc. E. Wellford
Norfolk and Western Railway Company
Arcade
E. H. Alden
Andrew J. McCormac
Adrian H. Muller & Son
Exchange Sailes Room
Vesey Street
New York City
Broadway Building Co
The
Wall Street Journal
NEW York Life Insurance and Trust Company
Resources
Samoa
Mort
le Am
St Lawcott
Outside Securities
Ing
Gulf & Wit
Bay State
Ili
Fe Bis
Chicago Subwa
Leesan Secon Iewocen
Alaska Mines
Banner Mining
Bingham
Brit Col Copper
Butte Coalition
Butte
Consol
Combin M & L
Ariz
Crown Reserve i Ao
Cumberland-Ely
Davis
Dolores Mines
Dominion Coppe
Douglas Copper
Ely Central
el Rayo
Eureka Co
Eureka
Floren
Furnace Crk
Giroux Mining
Greene-Cananea
BO. Guegenheim
Indian Valley
Edward
Om Valley
Nevada
Utah M&s
Cod
Ohio
United Copper
Utah
Utah Apex
Yukon
Atlanta
Geo Oldfield
Jaz Co Dav
Baltimore
van Schaick & Bit
United Railway
Norf Ry & L Se Greesv
Lizht & T
Yang Ry Sa
Chas City Seaboard
Marion
Fidelity & Lews Consol
Maryland
Toronto
Stewart
Exchange Place
Realo
Ferrard
Levi Co
Crown
Meehan
Eane Ais Rose