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This newspaper page contains 17 articles. Subscribers can read the full text of each article.
Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jul 18, 1908
Page
17
The Mines Company of America announces the eighth regular monthly dividend of two percent. The dividend is payable on July 71th, 1908 to stockholders of record at the close of business on July 28th, 1906. Acknowledges book entry dates and the opening time on July 27th, 1908. D. Tooker, Secretary.
Consolidated Gas stock surged to 15 percent on volume of 16 200 shares, a yearly high, amid rumors of higher rates and a Supreme Court decision looming in October. Dividends were cut to 4 percent after state action on pricing, with analysts noting funds are needed for improvements. The stock closed at day’s high as the market weighed ongoing rate prospects and recent regulatory moves.
Buffalo July 17 Judge Hazel directed an order of bankruptcy ad judication against Sisk Manufacturing Company of Canandaigua makers of kitchen enamel ware. The firm capitalized at 1,002,000 with creditors claims exceeding 1,200,000. Creditors will appoint a bankruptcy trustee alongside existing receivers.
Announcement of the bank reopening was postponed to Monday due to the absence of Clark Williams State Superintendent of Banking who was summoned to Rochester. Paul Grout said resumption would occur in a few days after plans are submitted and approved, with obstacles now cleared.
The Federal Treasury in Washington reports at the start of business today the reserve fund with gold coin and bullion at 150,000,000. Trust funds to redeem outstanding certificates total 19,619,869. Silver dollars amount to 78,737,000 and related bank and Philippine Treasury mobilities await reimbursement and current movements.
Securities values generally higher as total sales for the day reach 360,249 shares, compared with 538,635 on the same day last year. For the period January 1 to July 1 inclusive, totals are 90,140,349 shares versus 121,180,374 last year. Unlisted.
Yesterday's stock action saw marked gains in inactive issues like Consolidated Gas and American Tobacco preferred while bear selling pressed prices late. The market benefited from strong rail and utility issues though some gains rested on speculation, with observers noting possible dividend changes after the gas case reaches the Supreme Court. Currency movements hint at interior expansion and a shift away from New York, while trade reports point to faster recovery and solid Harriman holdings, including Reading and United States Steel.
Fragmented list of stocks and prices including Americar Can, Brick, Biscuit, Boott Packing, Spine Telephone and other items. The OCR shows a snapshot of closing prices and pref shares with unclear punctuation, offering a window into the trading activity of the era.
Bond market listings show numerous issues from U 6 of Mex to Reading Gen 4s and Central Leather 3s with varied coupons and maturities. Total reported sales amount to 4,362,000 dollars across many corporations, utilities, and rail issuers, including Am T & T, Reading Gen, Kansas City Southern, and Union Pacific.
London financial desk notes strong demand for American securities with latest bids. Foreign money rates show call money at 3/4 percent, short bills 1 to 1 1/2, long bills 1 4-15-16 percent, Berlin 2 1/2 percent, Paris 1 1/4 percent, Paris exchange at 25 francs 11 1/2 centimes, Berlin and Paris gold and exchange figures listed. British consols at 87 7/8 to 87 11/16, French rentes and other rates noted.
Last actual sales and closing quotations show no transactions on the New York Stock Exchange yesterday for listed issues. Prices and bids reflect minor movement in several issues including Am Coal, Am Exp, New C Coal, and Erie lines, with varied last and bid figures across numerous common and preferred stocks.
Money on call opened at 1 percent with little change aside from six months' rates. Rates for sixty to ninety days ranged around 1 1/2 to 2 1/2 percent, with higher grades for mercantile paper. Foreign exchange opened easier with cables near 4.8715 to 4.8720 and demand sterling around 4.8530. Bank clearings show New York leads, with substantial daily totals and rising subs. Sub-Treasury shows a daily deficit with overall year-to-date excess of expenditures over receipts.
Imports and marketings of dry goods this week show totals of 1,704,718 for imports and 1,871,7? for marketings, with last week’s figures 3,120,308 for imports and 1,102,434 for marketings, indicating a comparative shift in trade activity.
The text lists fragmented mentions of German and Austrian states and cities like Cologne Augsburg Vienna Berlin and Munich with percentages and codes. It appears to be a stray OCR passage outlining unspecified government or currency references and a stray mention of Mexico. The exact meaning is unclear due to garbled OCR.
Speculation in outside securities centered on low priced mining shares with general price trends steady. Americ an Tobacco advanced 15 points while Standard Oil rose briefly then eased. Manhattan Transit gained slightly as Combina tion Fraction and select miners like West End showed strength. Coalitions firm in Butte, Nevada Utah eased, and bonds Tidewater 6s improved while National Railways of Mexico 44s rose.
Foreign houses hold 20.08 shares amid London weakness and erratic rails in the continent. Money movement shows banks’ cash gains and large interior collections, with copper and grain markets mixed as electric utilities edge higher and industrials await post election policy clarity. Erie Railway notes improved line conditions and a gradual August uptick expected.
Washington July 17 The Controller of the Currency issued a call today on the national banks for a report of their condition as of July 15 closing figures to be submitted for the close of business on that day.
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