Market Report Mixed but Bank Closings Signal Dull Trade
The market shows dull activity with bank closings as a primary factor. Exchange rates firmed while circulation rose by 60,625,000 francs and Treasury deposits fell by 40,550,000 francs. General depository increased 115,725,000 francs as gold on hand stood at 1,000 francs and silver holdings declined. bills discounted rose by 101,375,000 francs and other liabilities dropped 1,200,000 francs.
Stock Market Opns Amid Bank News and Heavy Bond Trades
The market opened weak with declines after suspensions of the New Amsterdam National Bank and Mechanics and Traders Bank, but prices soon rebounded to near Wednesday's close. Call money ranged 1 to 2 percent as Roosevelt prepared a message to Congress on railroads and corporations. Bond trading was heavy, Interborough- Metropolitan bonds held firm around 60, with blocks totaling $1.1 million. Copper and major rails closed near prior levels amid a generally dull session.
MENTIONED IN THIS ARTICLE
Iimportant
Nseer
New Amsterdam National Bank
Mechanics and Traders’ Bank
Roosevelt
Congress
Manhattan
Brooklin Rapid Transit
Interborough- Metropolitan
Delaware & Hudson
Ilinois Central
Atchison, St. Paul
Great Northern
New York Central
Northern Pacific
Pennsylvania
Reading
Southern
Union Pacific
Bank of England
Money and Foreign Exchange Market Summary
Money market shows high liquidity with call rates opening at 14 percent and closing around 4.2 percent, time money quiet and plentiful loans scarce. Foreign exchange opens firm with sterling near 4.8705, cables about 4.8755, bills around 4.83 percent, French and German rates listed, domestic exchange varying by city, and gold and Mexican exchange notes. Government receipts and expenditures tallied, with day and month totals showing a shortfall versus outlays. Sub-Treasury transfers to Clearing recorded at 2,977,784.
MENTIONED IN THIS ARTICLE
Mercantile
Miederaw
USS
Germany
Reichsmarks
Oh Haris
Frances
Belgium
Switzerland
Bil’s Moland
Boston
Par
Chicago
St. Louis
San Francisco
Telegraph Sc
New Orleans
Cincinnati
Savannah
New York
Philadelphia
London
Madrid
Lisbon
Washington
Sub-Treasury
Foreign Bank Returns in London Weekly Summary
The weekly returns show England's reserves up by 1.409 million led by bullion gains of 1.175 million while circulation falls 224,960. Other securities drop 507,000 and other deposits decline 1.229 million. Public deposits rise 2,121.40, government securities steady. Reserve ratio climbs to 66.60 percent from 54.89. Discount unchanged at 4 percent. Paria notes reported a separate Front Bank note.
MENTIONED IN THIS ARTICLE
London
England
Paria
Bank of Front
Foreign money markets and securities report
Ex dividend market notes show London call money at 3 4 percent with short bills at 34 3 percent and long bills at 3 3 percent Berlin discount at 4 percent Paris at 2 percent Paris exchange at 25 francs 16 centimes Bargold Berlin exchange on London 20 marks 49 pfennigs British consols for money 86 for the account 86 11-16 French rentes at 96 francs 32 centimes.
MENTIONED IN THIS ARTICLE
London
Berlin
Paris
Paris Exchange
Bargold
Berlin Exchange
Pfennigs
Executor Chartered 1822 Records and Branch Offices
The Farmers' Loan and Trust Company lists addresses at 16, 18, 20 and 22 William Street and a branch at 475 Fifth Avenue New York. London Paris offices include 18 Bishopsgate St and 78 Rue de Richelieu for letters of credit bills of exchange and cable transfers with dividend notices.
MENTIONED IN THIS ARTICLE
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
New York
London
Paris
Bishopsgate St
Rue de Richelieu
Mortgage Trust Company notices across states in 1908
Various locations listed including Paducah Kentucky Pleasantville New York and Syracuse New York with references to railroad sewer and improvement projects. Mentions U S Mortgage and Trust Company series six one and M along with dates February 1 1908 and a range of towns including Skaneateles South Orange Putnam County and Westerly.
MENTIONED IN THIS ARTICLE
Paducah
Kentucky
Pleasantville
N. Y
Park & Coney Island
R. R. Co
Putnam County
Court House Skaneateles Railroad Company
South Orange
New Jersey
Standard Chain Company
Syracuse
Toledo
Ohio
Tri-State Land Company
U. S. Mortgage & Trust Co
Sandy Hill
Westerly
Rhode Island
Maryland
Outside Securities Drift Lower Amid Mixed Market Cores
A broad pullback in outside securities and mining stocks emerged with losses from a fraction to half a point. Midday, minor recoveries appeared aided by strength in Standard Oil. Chicago Subway held, Manhattan Transit fell, and various mining issues like Boston, Nevada Consolidated, and Nipissing edged down while Goldfield stocks recovered later.
MENTIONED IN THIS ARTICLE
Standard Oil
Chicago Subway
Manhattan
Boston
Butte Coalition &. Cumberland-Ely
Nevada Consolidated
United Copper
Nipissing
Greene-Cananea
Nevada-Utah
Furnace Creek
Dominion
Union
Coupon List of Bonds and Mortgages From Various Companies
A long list of bonds and mortgage notes due or payable after February 1 and February 15, including bonds from American Chocolate Machinery Co American Kawaiian Steamship Co City of Washington Water Bonds Everett City of King County School Districts 38 73 194 195 199 Spokane City of Washington Funding Bonds and several First Mortgage issues. The entries mention various issuers such as Ballard Bass Fire & Machine Co Monte Cristo Metals Co Newburgh Light Heat & Power Co Peoria Street Board Co Tacoma City of Washington funding bonds and other municipal and corporate obligations with interest rates and terms.
MENTIONED IN THIS ARTICLE
Actua
Adama_ Express
Allis Chalmer
Amal Cooper
Agr Chem
Hide & L
Linsee
Annoote
Atchison
Coast ‘Line
Batoplias
Setae Ss Si
Bair & Sd
Wes
Beth Stee
Bklyn Rap
Bklyn Union
Brunswick
TaiMae
Butterick Co
Bolanala
Gt West
C&uc
jConsol Coal
Consol Gas
Ps Lthya
Comsteock
Ney
Erie
Evans & T H
Fea M
Gen Chem Co
Lec Co
North Pf. Hei
Ised Lisse
Gt Nor
Homestake Tiliness
Irany
Ingersoll Ra Co
Iowa
Central
Kana & Mich
Kan
Ik Cfs &M
Lac Lode
jLake
Louis & Nas
Mackay Co
Manhat
St Ry
Michigan
Mia & St T
Moti & Tex
Missouri Pac
Nat Biscuit
Newhouse
Sagyo
New York
Tynh & It
Y Ont & W
Rf & West
Eos Uty
Northern Pac
Pacific Coast
Pacific Mail
Penn RR
Peoria & East
Peo Gas & C
L & SF
Ana Ee
Sl&sf C
St L & S'west
Rs Roeb
South Pac
M&o
Tenn Coal & In
Texas & Pac
Wells Fargo Bo
West Marylar
West UN
Westingh Mt
Wis Central
Ballard
City of Washington
Bass Fiy & Machine Co
Buck Row Coal Co
Catawba Power Co
Citizens’ Water Co
Deer Lodge
Mortage
Migabo
Croatan Co
Detroit & Flint Railway Co
Everett
City of
Washington
Ferry County
Wash
King County
Lincoln County
Lockport Gas & Electric Co
Madison County Gas & Electric Co
Monte Cristo Metals Co
Newburgh Light, Heat & Power Co
Peoria Strew Board Co
Pierce County
St. Clair Furnace Co
St. Regis Peper Co
Spokane
Spokane County
Ticonderoga Pulp & Paper Co
Whitman County
Coontal Copper Co
Federal Publishing Co
King Country
Natural Carbenic Gas Co
Portland City & Oregon
Ky. Co
Tacoma
Seventeenth Regular Monthly Dividend Declared by Multiphone
The Seventeenth Divipenp Multiphone Operating Company announces a regular monthly dividend of one percent on stock issued before December 1. The dividend is payable February 1 to stockholders of record at the close of business January 25. Transfer books close January 25 at 5 PM and reopen February 3. ISAAC THORMAN, Treasurer.
MENTIONED IN THIS ARTICLE
Divipenp Multiphone
Broadway
New York
Isaac Thorman
Multiple 1908 Dividends Announced by Several Companies
The Board of Directors declares quarterly and special dividends on various companies including No. 1 Wall Street, Crowell Publishing, Cleveland Cincinnati Chicago and St Louis Railway, New York Chicago and St Louis R R, Minneapolis and St Louis, with payment and record dates set in February and March 1908. Officials R. W. Cavanaugh, Robert M. Donaldson, Charles F. Cox, and H. Davis sign notices.
MENTIONED IN THIS ARTICLE
Cleveland, Cincinnati, Chicago & ST. Louis
Grand Central Station
Messrs. J. P. Morgan &C
New York
Charles F. Cox
Chicago & ST. Louis
RE. R. CO
Charles F. Ctyx
Tressurer
Minneapolis & St. Louis Railroad Company
Minneapolis & St. Louis BR. R. Ce
Central Trust Comepany
Wall Street
H. Davis
American Locomotive Company Board Declares Stock Dividend
The Board of Directors declares a one and quarter percent dividend on common stock for record holders as of the close of business February 1908. Checks will be mailed. transfer books close February 6 at 6 p.m. and reopen February 7. Callaway, Secretary.
MENTIONED IN THIS ARTICLE
Wall Street
New York City
Moendey
R. W. Cavenaugh
American Locomotive Company
Broadway
New York
P.M
Ti & T. Callaway
Topics of the Street and corporate dividend news
Foreign trading in this market showed only 10 000 shares with buys and sells nearly equal American stocks in London held steady while the curb displayed stronger action than regulars Dividends declared include 14 percent on the original guaranteed stock and 1 percent on the special stock by Cleveland and Pittsburg Railroad payable March 2 City Railway directors declare 2 percent payable February Western Union plans a 1 percent stock dividend West McHale elected vice president of Hamilton Bank previously head of real estate at United State Mortgage and Trust Co American Ice directors elected at Jersey City with Wester M Oler chairing and others stepping into seats to fill vacancies
MENTIONED IN THIS ARTICLE
London
Cleveland & Pittsburg Railroad Company
City Railway Company
M& Western Union
Western Union Telegraph Company
Hamilton Bank
Martin McHale
United State Mortgage and Trust Company
American Ice
American Ice Company
Jersey City
Wester M. Oler
Henry C. Kite
Ashbel H. Barney
Greenough
C. E. Bedford
Miles M. O'Brien
Cherios T. Barney
Othe
Eld
Also Mentioned on This Page
Tarrytown
White Plains
Sutro Bros. & CC
Banker
Pine Street
Mensers
NEW York Stock Exchange
American Bank Note Company
Trinity Place
Nevada Consolidated Cumberland-Ely Goldfield Consolidated
Micmac Union Mines
Edward G. Johns
Michac
J. Thomas Reinhardt, Berorier
Broad ST
Fi. Y
Redmendada
Snes
Pine St
Cestnut
Penn-Wyoming Copper Company
Swasey and Company
TRY Fine
Broad Street
Enquest Byer & CO
Wall S. Bankers
HanOver
Schmidt & Gallatin Investment Securities
N. Y. Stock Exchange
The
Wall Street Journal
Delaware
Lackawanns
Western
West Street
Compan
Neon
Frederic Lifiatch
Am Presse Aven
Ee & Taylor
Menhattan Transoe
Bos Nat
Otis
Colt’s Arms
Pratt
Royal
Trenton
Hall
Topacco
Union Ferry
Hudson Rio
L. der & Co
Byet & Aiveny le
Poston Cone
Fiiex
Hela M
Omeshave
Cemennia
West End
St. Mass
Neo Butte
Am Tel & T Co
Tamarack
Mir
Allis-Chal Co
Iowa Cent
Lous & Nash
Ft. S
M & St L
Mo & Kan & Tex
Newhouse Opie
NYX
Atchison Pg
Y Dock
West
Coast Lane
Fialakiaia
Batopllas
Ontario
Beth Steel
Ta Penn Railroad
Aklyn Rap
Pitts Coal Rt
Rock Island
L& Sw
Stess Sheffau i Et Union Tr
T3to Rcé& Rl
Rae Sei Fuel
Ty Southemm
Cal & South
Tenn Copper
del & Hudson
Xas & Pac
Deng Rio G
Lé& W
Twin City
Mfs
Japan
At&s
Gory
Banco Do Esense
Sme Adams Ex
Dugo Ao
Sta Dem Am Spirits
Tee Am Tobacco
Lia Ua
Lowe Mo. Pac Trust
H&m
Fee & E Inc
M & St P
Toms SA & AP
St T
CSR & Imp
Tom Erle
West Shore
Ian W . T
Seid
Ing
Bay Stat Gas
Con Steamship
Aeos
Manhattan Transit
Allania Goldfield
Bingham Central
Booth
Butte Coalition
Butted
Butte & Mrp
Pcohalt Central
Avec
Cox Ariz Stmetz
Cumberland-Ety
Davis
Daly Estate Ata
Greene Canaria
Green Meehan
fJim Butler
Majestic Copper
Dexter
McHinley-Darragh
Miemac M
Mines Co
Seourit Tesmm
Mitchell
Nevada
Utah
North Butte
Penn Wyoming
Awu stewart (21-46 #1) 1) Sup & Pitts « “op le dats, BElla
Nevne
Ots
Rivelis
Union A
United ‘ Copper
Sanaa
Money and Exchange
Foreign Bank Returns
Ever & Co
ST Wallstreet
American Securities Abroad
Atchison Vee
Canadian Partie
Milinois Centre
Louisville & Nashville
N. Y Central
Clinton Gilbert
Vwish Alliance Realty
Law T
Ins & T
Lincoln Eeresere
Astor
LD & T
Bankers
Mount Vernon
Howling Green No Mercantile
Ais
Brooklyn
Metropolitan
Bo Carnegie
Ise
Mtg Bond
Cas Co
Ama
Morton
Weds
Cent Realty
Mutual Alliance
Bo Investing
Nat Surety Co
Nyli& Tr
Columbia
Mtg & Sec
Commonwealth
Empire Truett
Aon
People’s Equitable Oe
Aio Realty Assoc
Farm L & Tr
Guaranty
Guardian
117
Hamilton
Home Trust Co Int
Nore Ace Hudsor Realty
Shinetc
Hudson Trust
Windsor
Stewart & Co
Bullato
Veterson Lake
Counons
United States Mortgage & Trust Company
Cedar ST
Reet
Clallam County
Elyria
Opio Oso
Essex County
General Electric Company Gas Co
Hammonton
Egg Harbor City
Hocking Valley Railway Company
Indiana Railway Company
Long Island Railroad Company
Minneapolis
Eeeeeere
Story Co
Consolidated Exchange Sales
Car & Fury
Gite
Balt & Ohio
Top & SF
St's
As Sts
Mil & St P
Col Fuel & Tron
Dist Securities
Lou & Nash
Mo K & Tex
Pacific
North Pacific Bat
Southern Pacific
Southern Ry
U S
Gale
Atlanta
Beat & Belcher
Belcher
Cal & van Dow
Jack
Toe Woldtie
Jim Buttero
Montgomery
Red Hill
Sandstorm
Outside Securities
the Trust Company OF America
American Chocolate Machinery Co
American Kawaiian Steamship
American Hawaiian Steamship Co
Hinds Consolidated Mining Company
Crowell Publishing Company
Robert M Donaldson