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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jan 28, 1908
Page
4
A fragmented list shows prices and bids for a mix of railroad, utility and industrial stocks and bonds. Entries include Philadelphia and New York firms with quoted bids and asks, such as Amer Cement, Lehigh Navigation, Union Gas, Electric Storage Battery, and Maryland Trust, with various percentages and figures, amid a market roundup.
Cobolt stock listings show bids and asks from Wills Stewart and Co at 43 Exchange Place. Prices include 175 bid and 220 asked for cobalt, with miscellaneous entries for cobalt at Lake and other locations.
The page notes call money at nominal rates with large issues of time funds and robust foreign exchange. It lists numerous bond offerings and prices, including U S Steel and various railway and utility issues, with totals for day sales and percent yields.
Fragmentary market lines show stock codes and odd lots with cents per share mentions. Writ paper and steamship references appear in fragmented form. The text is incomplete and lacks coherent events or outcomes for a clean summary.
The market shifted from early gains to a weaker afternoon but closed with net advances on most active issues. Union Pacific faced government action to divest Southern Pacific and other holdings while the National Bank of North America moved to liquidate, signaling potential more bank failures but no widespread panic. The foreign exchange market stayed strong with sterling firm, and rumor hinted at rail financing plans, including a substantial Union Pacific capital raise. Bond activity remained robust with daily sales surpassing prior week totals.
Money on call opened at 2 percent with a highest 2 percent and closing near 1 3/4 percent. Time money showed moderate demand with rates around 4 1/4 to 4 1/2 percent for 30 to 90 days, and about 6 percent for shorter year money. Mercantile paper traded freely but with stronger absorption in the West and New England. Foreign exchange opened firmer with sterling around 4.8248 and other rates shifting higher. Domestic exchanges and bullion markets posted mixed firming and premiums across several centers. Government receipts and expenditures showed a daily deficit, while year-to-date figures remained in deficit. Sub-Treasury balance in clearinghouse showed a large debtor position.
London closes with strong American securities market and final prices. Call money at 3 percent, short bills at 3 1 3, long bills at 3 1 2 percent. Berlin discount 4 1 4 percent, Paris 3 percent. London exchange 25 francs 16 1 2 centimes. British consols 85 1 8 for money, 55 1 2 percent for account. French rentes at 9 centimes per franc.
Market bid and ask figures for Brooklyn ferries shown as entries such as 8 1/2 and 6 3/4. Prices reflect bidders and offers for various ferry stakes and bonds with related quotations.
A dense OCR style market page lists stock bids and asks for numerous rail and utility companies. It names Hart and Conn W Ald Vermont lines, Allegh West, Jollet & Chic, Am Tel & Cable, Morris & Essex, Nash & Decatur, North Penn, Northwest Tel, Pits B&LE, Phil & Trenton, and other vendors. The fragmentary text includes prices, par values, and line guides alongside street references like Eighth Avenue and Thirty-third Elm & William, with mentions of bars, mines, and local rail routes.
Foreign trading showed about 15000 shares sold for foreign accounts led by United States Steel and Union Pacific. London stocks were irregular with selling, while the general market advanced on light volume. Dividends were declared by Casein Company of America preferred stock 2 percent payable February 10. New York and Queens Electric Light and Power Company preferred stock 2 1/2 percent payable February 10. Rome Watertown Ogdensburg Railroad preferred dividend 1 1/2 percent payable February 15. Clearing House certificates outstanding 6300009 across three banks. William A Read & Co offered Buffalo Rochester & Pittsburg Railway 4 percent bonds due 1957 at a premium, tax-exempt in NY and PA for savers. Henry Clews to speak at Cleveland Chamber dinner on Financial and Business Situation. Utah Copper Company denies consolidation reports with Boston Consolidated Nevada Consolidated and Ely.
Market for outside securities was light with a firmer tone in several mining issues. notable gains appeared in Butte Coalition Boston Nevada Consolidated Cumberland Ely Greene Cananea Union gained on higher volume while Nevada Utah Micmac were irregular. Davis Daly Trinity Superior Pittsburg edged higher. Goldfeld and Standard Oil shares strong. Northern Securities and Adams Express bonds improved. Consolidated Steamship 4s active.
A jumbled OCR fragment shows monetary amounts and counts such as 1.00 1008 1000 33000 2000 3000 and encoded terms like she shp, 15 sts 16 sks 88 she 56 shs plus 1958, with unclear meaning and possible currency notation from a 1950s document. The legibility is limited and all specifics may be uncertain.
The Board of Directors declares the seventeenth regular monthly dividend of one pera on stock issued prior to December. Payable on February 1 to stockholders of record at the close of business January 25. Transfer books close January 7 at 5 PM and reopen February 3. Isaac Thorman, Treasurer.
The Board of Directors approved a dividend of one and one half per par value to stockholders of record at the close of business January 19 1908. Preferred stock dividends payable February 1st at the Arcade Building Philadelphia. Secret: H Alden.
The Stockholt Rapid Transit Company holds its annual stockholders meeting at 12 o'clock noon on January 11, 1908, at Clinton Street Brooklyn New York to elect directors and inspectors of election and transact other business with polls open for one week and closing at 3 PM on January 11. The transfer books close January 28 to February 11, 1908. Also notices for Revere transit stockholders meeting on February 11, 1908 at 11 AM to elect five directors and inspectors of election with transfer books closed January 1908 to February 11, 1908. Notices include advertisement placements and various office contact points.
OCR reads like a street of financial figures and bank names. Listings for National and Fourth National, Century, Chase, and Consolidated Exch show balances and branches such as Battery Park and Fifth Avenue. Names like Clinton Gilbert and Walt appear in a clipped, ledger-like itemization.
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