Stock Market Irregular Sees Cash Ease and Bank Gains
Foreign exchange rates rise while syndicates dissolve as banks report gains amid a looser money market.
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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jan 18, 1908
Page
17
Stock Market Mixed as Bears Fade on Gains
Stocks opened weak with heavy selling led by Amalgamated Copper and American Smelting. By noon sentiment improved as funds flowed in. Northern Pacific jumped from 125 in the day to 129 as short-covering boosted the market. December foreign trade showed record exports of 207 million and a 105 million surplus, signaling a robust external position and easier money conditions overall.
MENTIONED IN THIS ARTICLE
Northern Pacific
Albany
Morgan
Thomas F. Ryan
Equitable Life Assurance Society
Wabash- Pittsburg Terminal
Washington
Ask
Alice Mining
Adama Express
Alice-Ceatmers - Os
Amer & Fay
Amer Cotton
Amer Dist
Amer Express
Amer Gr
Amer Hide & L
Amer Lee Ree
Amer Linsee
Amer Steel
Amer Tel & Cal
Amer ‘Tel & Tel
Amer Teb
Brig Mg Bom
Amer Woollen
Anaconda
Ann Arboros
SS &S
Bethlehem Steel
Brooklyn
Brook Union Gas
Brunswick
Buff R & P
Buff & Susq
Butterick
Balaklaia Cn
Canada South Ac
Ate
Ches & Chie
Chicago & Alten
Chie Ind & LP
M & St P
Wwe
Chie & N' West
Ais
Woestp M&o
Geim
Chir Union Trac
Cleve
Cleve & Pitts
Col & Southern
Col & HC
Consol Coal
Consol Gas
Comstock
del & Zeae
Iiss DL
Detroit
Idetroit
Aida
Erie
Evans & TH
Gen Chem Co
Gt Northern
Illinois Central
Rai Mer Marine. Sa
Mane Ha & M
al Alia
Kansas City
Lake Erie & W
Long Island
Tours & Nash
Ee Kay Cos
Stanty At Beach
Manhattan Elev
Mexican Central
Iss
Michigan
Minn & St Louis
Biscuit
National le
Newhouse M&s
Central
Norfolk & West
SL St
Ontario
Pacific Coast
Pacific Mat
Penn
Peoria
Past
Pittshur
Quicksilver
Cassamy Bs
Republic I
Rock Island
Rome
Rutland R R
Ime A
C&e
St L & S'west
Sioss
Southern
ae Tenn Coal & L _ a
Texas & Pacific Oy
Do Land Trust
Toledo
Woeet Wells
Mary Lary
Money and Exchange. Money Market and Foreign Exchange
Money on call opened at 3 percent with highs near 3.4 percent and lows around 2.49 percent, last loan 3 percent. time money offered up to 5 percent but moderate demand. Mercantile paper trade steady. rates for sixty to ninety days and four to six months around 6.0 to 7.0 percent. Foreign exchange opened strong. sterling up to 4.87, demand 4.20, sixty-day bills near 4.82. short francs and reichsmarks quoted higher later. cables at 4.57, demand 4.86. sixty-day bills 4.82. Prices and bank rates for various cities listed. domestic exchange shows mixed discounts and premiums. Silver and gold markets noted with price levels in bar silver, Mexican dollars, and Madrid/Lisbon premiums. Mexican exchange on New York quoted at 20 11.
MENTIONED IN THIS ARTICLE
Mercantile
Twc
Germany
Paris
Belgium
France
Switzerland
New Orleans
Cincinnati
New York
Philadelphia
Hartimore
Boston
Chicago
London
Madrid
Lisbon
Imports of Dry Goods Activity This Week
The report shows weekly dry goods imports with figures indicating totals and comparisons. Data points include tariff marks, market listings, and overall values such as 980.1 and 7,659 across categories. Names and places are unclear due to fragmented OCR.
American Securities Abroad Weaken in London Market
London reports a weak finish for American securities with final prices in several listings. Government receipts show Customs 871,319 and internal revenue 856,574. daily receipts 2,022,439 against 2,140,000 expenditures, with yearly excesses totaling 12,450,084. Sub Treasury debtor to Clearing House 1,954,314 amid foreign money and securities moves.
MENTIONED IN THIS ARTICLE
London
Lonion
Anaconda Atchison Canadian
St. Paul
Erie
Louisville & Nashvi
New York Central
Tennsylvania
Reading
Southern Pacific Union Pacific
United States St
Don
Washington
Sub-Treasury
Berlin
Paris
Paris Exchange
Bargold
Berlin Exchange
Outside securities surge as copper stocks lead the rise
After a quiet start the market for outside securities strengthened with broad activity and higher quotes. Copper issues led the gains with favorites in demand. industrials rose in sympathy on light volume. Notable moves included Butte Coalition up near 2, Greene-Cananea and Nevada Consolidated advancing, while several low priced stocks firmed and bond issues showed modest gains.
MENTIONED IN THIS ARTICLE
Butte Coalition
Greene-Cananea
Greene
Nevada Consolidated
Boston Copper
United Copper
Butte-New York
Nevada
Ing
Eat
Tobacco
Bay State Gas al
Central Foundry
Ein Bis
Con Steamship
Havana Tobacco
Manhattan Tran
Chicago Subway
Atlanta Goldfield
British Col
Butte
Cobalt Central
Con Ariz
Copper Ranger
Cumberlanda
Davis-Daly E. A
Diamondfield
Dolores Ltd
Dominion Copper
Douglas A Ely Central
Florence
Foster Cobalt
Giroux
Goldfield
Mitchell
Montana
Montgomery T
Nev-Utah M & 3
North
Ohio
Penn Wyoming
Red Hill
Stewart Wees
St Ives
Sup & Pitts
Trethewey
Rte
Tinton Mines
United Rice
M&m
TOPICS OF THE STREET Foreign Trade and Markets Summary
London stock activity showed weakness in American stocks early but improved later while overall market sentiment remained dull. Currency movements reflected sizable interior transfers and bank cash holdings, with a noted interior gain of 8.96 million. Dividend declarations were announced by Twin City Rapid Transit Lord & Taylor Pacific Bank. Grain exports for the week totaled Wheat and Corn with year to date figures. E F B Smith elected director of United Railways Investment. Application to list bonds of Iowa Central Railroad filed with NYSE.
MENTIONED IN THIS ARTICLE
London
United States
Interior
Sub-Treasury
Philadelphia
San Francisco
Twin City Rapid Transit Company
Lord & Taylor
Cmmon
Pacific Bank
Brad Street
EF. B. Smith
Forward
Edward B. Smith &Co
United Railways Investment Company
United Railroads of
Philadelphia Company
Pirshurs
New York Stock Exchange
Iowa Central Railroad
Trading on the Produce Exchange in mining stocks
Trading continued with small value on the Produce Exchange day. Total turnover showed 1,700 shillings divided between Nevada at lic and Goldfield Daisy at 3198, with bid and asked prices noted.
MENTIONED IN THIS ARTICLE
Nevada
Also Mentioned on This Page
Central Pacific Railway Company
United States Trust Company of New York
T Wstee
Broadway
City of
E. H. Harriman
Arthur Cramp
the Times
Stock Exchange
London& Paris Exchange, Ltd
Basildon House, Bank
England
R. L. Day & CO
Wall St
Congress St
Boston Stock Exchange
Pealt
Clinton Gilbert
the Trust Company OF America
Colonis
N. Y
Gresham St
Peoples Bank of
City of New York
Grteerth
Yeet
Bcett Foster
Stevenson Taylor
Conney
Thomas Williams
Thescore TW Morris
Theodore Tmedemann
Alfred B. Mactaj
A William Milne
Freeman Bigodércoi
Irederick V. Price
Eorge G Miin
Scot Foster
Adgelph Wimpfieimer
William Milns
Fourth National Bank
Perk Pelé
J. Edward Shemens
Cornelius S. Biter
Charles Stewart Smith
Robert W. Stuart
Richard T. Wilson
Bilhem
R Ev
J. Faward Simmons
James G. Cannon
Warles VW Patterson
The
Baltimore & Ohio Railroad Co
Baltimore
Coramon
C. W. Woolford
FE Board OF Ineectors
E. H. Titus
Manhetan Breas Company
wCempenr
Bert
28Th Ft
New York City
Manhattan Brass
Frank A Seibert
Greerwich Savings Bank
E. Cor
6Th Ave
16Th St
Rafer
Ut. Y-Lawa
James Quinlan
Charles M. Dutcher
Treas
Hamppen Frore
Andrew J. McCormack
New Shiiam Street
Saturda
Southern Steel Company
Adrian H. Muller & Son
van Schaick & C
Wall Street
Ted
United Railway
Aem
Finith
Reni
Allis-Chal Co
Ty Kena & Mich
Kan
el Louis & Nash
Nat Biscuit Am Smelt Seer Ray Sweat
Net
Newhouse Oy
NY Central
Penn Railroad
Ratopilas
Peo Gas
Akiyn Rap Tr
Canadian Pac
Sti Spring
Eeesseee
Rep Iron & Stl
Ches & Ohio
Bite SA
Chic Gt West
St P
L& S F
Iss & St
Southern Ry
Southern Pac
Osee Col Fuel
Col
South Oly
E &'Tenn Copper
Texas & Pac
Mnit S L&w
Twin City
del & Hudson
Union Pacific
den & Rio
Dist Bee Pr
Erie Accies
Fedgar
Utah
West
Maryland
Wits
Japan
Tod
Can
At&s
Tn Pac
R& Pay
Ri&pr R
Pac ‘Trust
Oneense
Nyc
Bane Nort
Penn Court
R& Q
CT & T
A &Sf
Rei & P
R & Penn
D & T Ang
Pitts
West PO
Money and Exchange
Ok Hi
Rid
Ever & Co
Senate
Nerv
American Securities Abroad
Outside Securities
Consolidated Exchange Sales
Balt & Ohie
Baese Srs
Brooklyn RT
Aly
Gt West
Bios
Cc Mil & St P
Mo K & T
Mo Pacific
Pennsylvania
Mie Laon
Vale
Alice Wet
Elton Erence
Hale & Norcross
Lone Star
Montgomery
Seaboard National Bank
Beaver St
Sas Tod Get Bos
KIS
Eeeceee
Srzo
Dna
Nea
Ceeseeeesee
Ang A
S$t
Adams
Atlis-Chahnere
Steamship
Union
Tstlaw Ct
Produce Exchange
San Tor Tiam Black
Davie Tely
Triangle
Dixie Aes
New
Goldfield Daisy
Rendall
National Bank
Tonopah
Bod Esperanza Ltd
Greene Gold S
West End
J. Thomas Reinhardt
Broad Street
No. 19
Exchange Place
American Telegraph
Ahmekdetecesas
Abitibi & Cobalt
Bay State Gas
American Trust
Corbin
Restor Ely
Butte & London
Cumberian
Ely . S
Davis- Daly
Eagle & Pluebeil
Hancock
Helvetia
McKinley Majestic
O'S
Newhouse
North Butte
Raventte
Superior & As Esos
Wille, Stewart & Co
Eeenan
Aid
Buffalo
Foster
Ieen Meehan
Red Rock
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