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Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Jan 15, 1908

Page

21

Trading near standstill on Produce Exchange mining market

Trading nearly halted in the mining section of the Produce Exchange yesterday as activity stalled. The day included a single Emily transaction of 19 shares of Goldfield Consolidated at TH, while bid and ask prices remained incomplete.

Produce Exchange Emily Goldfield

Currency Certificates Planned by Clearing House Group

Drones ion to Tur Clearing House Association will vote on issuing currency certificates similar to gold certificates. The plan, proposed by Asander Gillett, aims to handle the accumulation of small bills and provide convenient small denominations for members in emergencies.

Tur Clearing House Association Sue Clearing House United States Clearing House Asander Gillett Clearing Moves Association

Toledo & T reorganization plan announced

S Mills, secretary of the Toledo Railway and Terminal bondholders committee, said the November plan had been accepted by 3166 of 221 bonds and deemed operative. A new Toledo Termine Railroad Company is formed, with a $1000000 capital stock and 4 percent fifty-year bonds. Pere Marquette Railroad agrees to buy $110,000 of bonds at par.

Im S. Mills Toledo Railway & Terminal Company Toledo Termine Railroad Company Pere Marquette Railroad Company Ohio Pere Marquette Raittold Company

Receiver named for Italian banker Ferrara

Lawrence S. Houghton, longtime U S district attorney, was appointed receiver for the business of Emanuel J. Ferrara the Italian banker and steam ship agent of 46 East street His bond and bankruptcy petition show about 60000 debt and 9000 assets with nearly a thousand Italian workers listed as depositors in the bank.

Larence S. Houghton Nho United States District Attorney's Office Emmanuel 3. Ferrara Eastth Street Oye Ferrara Mondey

Stock Market Advances Amid War Dividend Delays

Despite unfavorable war related dividend delays in industrial and copper sectors, the stock market rose with broad participation. About 1.6 million shares traded across 158 issues, New York Central gaining up to 4 points to 103 on a 29 million dollar equipment trust note offering. Copper names edged higher as Amalgamated Copper and American Smelting rose, while bank reserves were rebuilt and call money stayed tight at around 4 percent.

New York Central United States Steel New York Metal Exchange Mercantile

Money Market and Exchange Rates Reported By The Bank

Money on call opened at 4 percent with highs near 4 3/4 percent and lows around 3 1/2 percent, last loan 4 percent. Time money rose on improved conditions with 6 percent for several terms. Foreign exchange opened steady. cables 4.8646, demand sterling 4.5345, sixty-day bills 4.814. Short francs around 5.18 and reichsmarks near 4 1/16 to 4 11/16 percent. Bank rates show sterling around 4.62–4.60, reichsmarks near 9 3/78, Paris francs 5.22, Belgium francs 5.25, Switzerland francs 5.23–5.18, Holland guilders 4.05. Domestic exchange cites various city premiums and discounts. Government receipts show daily and monthly figures with a year-to-date excess of expenditures. Sub-Treasury records show a clearing debt of 1,204,413.

Mercantile Paper Germany Reichsmarks Paris Belgium Switzerland Holland Boston Chicago St. Louifs San Francisco New Orleans Cincinnati Savannah Madrid Lisbon New York Washington Sub-Treasury Bub-Treasury Clearing House

Outside Securities Market Moves Higher Amid Brisk Demand

Speculation in outside securities remained brisk with prices trending up. Copper stocks led gains amid solid inside buying as Standard Oil rose 15 points and Havana Tobacco climbed 4 percent. Mining shares Cumberland Nevada Consolidated and Tri-Bullion saw strength, while United Copper and United Rice showed active demand. In gold stocks demand improved and bonds including New Haven and Adams Express moved higher.

Standard Oil Havana Tobacco Chicago Subway Cumberland and Nevada Consolidated Greene- Cananea Nipissing United Copper United Rice Goldfield New Haven Adams Express Consolidated

Ex dividend and foreign money market notes

Reported call money in London at 4 percent and open market rates for short and long bills. Berlin and Paris discount rates cited, Paris exchange on London at 19 centimes per franc, Berlin exchange on London at 24 shillings. British consors rates, French rentes quoted in francs and centimes.

London Berlin Paris Paris Exchange Bargold Tis Sd British Consors

Government Bonds Close Prices and March Yields

Yesterday's closing quotations for government bonds are shown, compared with those for Mor days. The report lists bond names, prices, and yield changes, highlighting shifts in the debt market and investor sentiment amid the latest trading session.

Railroad earnings report for several lines in early Jan

Highlights show first week of January figures for Louisville and Nashville Rio Grande Southern Wheeling and Lake Erie United Railways of St Louis and other lines. Totals include net earnings and tax depreciation figures with December 1907 details and annual surpluses for multiple railway companies.

Louisville & Nashville RIO Grande Southern Wheeling & Lakes Erie Sais Iweso United Railways OF ST. Louts Gress and Other Inc Inc

Exports of Merchandise Report Dusty Parcel Details

Export figures show merchandise shipments with mixed values from January to January. The fragment references quantities and a large figure, but lacks complete context, dates, or destinations for a coherent summary.

Topics of the Street and Market Moves Across 1920s Stocks

In London trading for a new account about 12 060 shares were purchased including Union Pacific and United States Steel as American stocks showed strength but closed below intraday highs. The general market was firm with notable moves in copper prices on the New York Metal Exchange and changes in corporate boards and dividends.

London Amer Fean New York Cinse Equivaiest Cloee Atchison Canadian Pacific Niinets Cetet Louisville & Nasoritis Nadgereesce Central Ne Pennsylvania Wits Reading Pacific Pacific U & Steel Union Pacific United States Steel Standard Oil Company of New Jersey Twenty-third Ward Bank American District Telegraph Company New York Metal Exchange Lake Gaglic Seaboard Air Line William A. Read Haley Fisk Seaboard Air Line First Mortgage Bondholders’ Committee Red J. W. Middendorf NEW Brooklyn City Railroad Br Im City Railroad Company Henry Evans Hirem R. Steele

Also Mentioned on This Page

Bankers and Brokers Arthur Cramp the Times Stock Exchange America London & Paris Exchange Ldt Basildon House, Bank England R. L. Day & CO Wall St Congress St New Ot and Boston Stock Exchanges Schmidt & Gallatin New York Stock Exchange Broadway Municipal Railroad Corporation Lawrence Barnum & Co New York City Hanover Nevada-Utar J. Thomas Reirrardt The Tribune Uptown Ween Sith St 6Th Ave Dai 8Th St Tremont Ave Rie Nevade Conse Speenetoene Adama Dem Trisaglie Poe Mines Co Trixie Hige Bel Geld Consol Blue Bull Eerd Field Teter Bostoein Great Bend I's Mehmet Mesarester Jim Galier Montana Kendal Tintores Asa Ned Hills Esperanza Ltd Nev Hilix Utah Camp Bird el Faso Scit Baran Hundret Mont-Shee Tom Portland Nat Bank Tomboy Gold Clearing House Association R. Law & Co Wall Street Bost & Albany Cai & H CNR& Vine Fitchburg Ooty He& H Franklin Min Old Colony Granby No Butte Osceola Am &T Iu Quincy Tamarack M Wolverine US Smelters Co BR al Preumatte Atlantic Shannon Ney Pen Asmel Fetet Rin Alice Mining Allis-Chalmers Amer Ag Chem Amee Am Car.& Fury Amen Amer Express Amer Gr Amer Hide & L lis-Chalm Co Iowa Cent Le&w Sesso Inuis & Nash Cuba Cen Ao Ie Motive Mackay Cosa Ae Car & Fury M & St L K & Tex Iowa Amer Steel Mo Pacific Nash & Cha We Am Steel Fdry Nate & St Am Tobacco CFS Sss&m Ra Tobacco Amer Woollen Newhouse CEL& P Tim le C & St Ma Law Coast Line Do Staeces Bono Hn T Jefe Gee Balt & Ohio Balt & Anto L. & N Col Bratopilas Nort & Wes Bethlehem Steel Beth Ee North Pac Cok Do Ist Inc Bkiyn UN Gas Rts Pacifi Alee R&p Fee & East Ag Pee Gas & C Sirutterick Co Susq ‘Pr Hery Steel N & So Rock Island Chesa Chie & FE Col Law NY Do & P Fee Consol Gas Tex & Pac Tolst L & W Ae & Ric Twin City UN Pacific Chie & N'west Tis Sec Cranne CP & F Ss & AP Cent Leather Sa' Ieee Ing. i Chiconion Ted M I U0 Steel Steel ON Now Do Consees Do Grad Ref 4S. As | de Pref { — — W 2.000|Bay State Gas Amie dC St L Sarg Phil Receipts Havana Abacco Penn Court Clare 'Fe Pitts Manhattan Tran West Md Col Fuel & Iron Manhat Col & Southern Inter Mer Mer Inter Paper Consol Coal Ing. Sted Comstock del & Hudson Dl& Waive North Sec Denver & Rio Do R & G Detroit Southern a _ 15 Inter-Met BNO Cc & Ind Coal nTc Se At& Fo Atlanta Goldfield Penn Bingham Central f _t Erie Boston Copper UN Pac San Boston Ely India Evans & T Brit Col Copper B &S Teel Butte Coalition T & Heny Federal Agar Butte & Londo Butte & NY Irs Stlverson Davis-Osly Cor & So Tex. & Pac Diamondfield Gt Northern Dolores Limited Peo & W Dominion St L& W Douglas Copper Fay Cat Ind Lesfook Ely Central Florence Foster Cobalt Tuinesis Central Ingersoll-Rand Gold Hill Giroux Mining Goldfield Boo Goldfield Daisy R & Imp U S Steel Hein Guanajuato Consol Iowa Central Edward Kansas City Nevada Hills KCFIS Mpf Nevada Uae Keokuk Keokuk & D = 12,500! Nev-Utah M & S North Butte Old Hundred Erie &W Penn Wyoming Red Hill Oie Sup & Pitts Lule & Nash Swereesen West Shore Mackay Union Mines Michigan Cent United Coppers Min & St Louis E¢Envece Sahay MoRan & Texas Missouri Pacifica Nash & Chatt Lassaia Ing Newhouse M&s New Cent NYNH He¢ - Ge Can Pacific Ches & Ohio Gt West Orb Mil & St P New York Dock Col Fuel & Tron Ccesares Lack & W Y & NJ Tel Lee Clinton Gilbert YNH &H Lou & Nash Do Rights Pesca Alliance Realty Mtge Ws Ish Mo Kan Texas Ont & W Am Surety Co Law T Ins& T Norfolk & West Astor Lincoln National Lea Seereee Bankers Central Bani Rd & M Gr Co Mount Vernon Rthern Pacific Bowling Green Manhattan Mercantile Sotsui Pacific Mail Ontario Brooklyn Carnegie Cas Co Morton Am Ferry Companeee Essen Non Central Republic Pacific Mail Mutual Alliance Rock Island Cme Wis Nemeri Ek City Investing Nassau Brocktyn Ferry Southern Pacific Peoria & East Citizens' Aaccce Nat Surety Co Southern Railway Peo Gas & C Columbia Texas Pacific Nak Ours Commonwealth Mtg & Sec Union Ferrey Pittsburg Empire Trust Sabe Equitable Scandaed’ Trust Ise Fifth Avenue Gr & Tr Pullman Pal Ticor NY Will, Stewart & Culm Quicksilver Frank Vin Trust Co Amae RR Securities Fulton Buffalo Ant Fidelity Guaranty UC S_ cas Co Cobalt U Ing. Es Hamilton Foster Silver Queen Home Trust Co Ns van Norden Atlanta Teepublic Hudson Realty Ker Lake Sland Hudson Trust Westchester Old Temiskem Red Rock Chollar Rome Kings Philadelphia Dallarra Street Isabella Am Ry Co A Cambria Steel Ae Phila Co Savage J. O Elec St Rat Co Sae R Co Vindicator Sateen Ba Thy Elec Co of Penn Steel Co Fairmount Trac Tenn Coal & Inn Phila Elec Co Texas & Pacific Phila Rap Trade Land Trust A Ins Co Third Ave RR Lake A Corp UN Traction Oo & A Toledo Brys & Lt UN Gas Imp Toledo St L & W Lehigh S Wcces Tnee Rep Amy Phils Gs SumerGay Bush United Cigar Pf Uscip & Fo le Seis & Imp Utah Co Wells Fargo West Marsland West Thlan Westinghouse Wheeling & LL Wisconsin Aske Slackson Gas Kan City Lafay Gas Mad Bingham Mutual Bufffalo Gas P&gc Con &S Paterson Pas Pitts Ad Mandard Denver Fort W St Paul Indianapolis Gas Syra Sl&p Pc Redmond Bankers Mtg Chestnut St Pine St Money and Exchange Baltimore S.c Consolidated Exchange Sales Outside Securities Swartwout & Apperzellar Am Cigar Co Field Am Tel & Tel Ches & Ohio WOO Eens Mt Os Ta Chi RI & Pac Ae li Chi & W Ind Hudson Kar City South Lack Steel Co NM Io Lsé& His Lows & Nash Minn & St L& Fe Cc Paci Pe NYC Pub Ser Corp Hoo Blm &Sob StLé SF Ber Southern Ry West Fl & Mfg Treeesee Ee van Schaick & Co United Railway Nort Ry & L Seaboard Bs Third Nat Bank Fidelity Consol Gas Maryland Trust Ae Fia IMAI Ever & Co Mts iCoupon
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