Financial market notes from the street and rail lines
Foreign houses traded 000 shares with consols weak and mining heavy. Money flows shifted from consols to other securities while Irish land loan jitters were cited. Georgia Railroad bonds sold to Joseph Walker & Sons and John W. Dickey. Baltimore and Ohio earnings fell in June. National Surety Company six month writings reach 21 million. Gold shipments to Canada rise as banks seek gold. New York Gas and Electric bonds yield near 5 percent, with potential for price recovery. Dividends declared by several utilities and Frick in town at Pride’s Crossing.
MENTIONED IN THIS ARTICLE
Tondon
Chicago
Georgia Railroad and Banking Company
Joseph Walker & Sons
Broaduest
John W. Dickey
Augusta
Georgia Railroad and Tanking Company
Louisville & Neckville
Atlantic Coast Line
Baltimore & Ohio
Baltimore & Ohio Railroad Company
Rational
Wmihex
Condi
National Surety Company
Canada
Bank of Montreal
Bank British North America
Northwest
NEW York Gas and Electric Light
Beat and Power Company
Spencer Trask
Cor
New York
Ce Commission
People’s Get Light and Cokery
Illinois Central
Os & Bureau Valley
Frick
H. C. Frick
Pride's Crossing
Missouri Pacific
Og- Street
Missouri
Suspension of Cameron Currie Co. on New York Exchange
The Detroit firm Cameron Currie & Co. failed, with liabilities around 1,000,000 dollars. A four member creditor committee including A. Miller and James W. Chapman was appointed to investigate. Cameron Currie, a stock exchange member, had been admitted to the exchange January 1, 1883.
MENTIONED IN THIS ARTICLE
Cameron Currie &Co
Detroit
New York Exchange
Cameron Currie
Se Stock Exchange
Letrott
A. Miller
James W. Chapman
Harry Hetman
Zebe
Sackeun
Mr. Currie
Rochester Rail Line Sold In Foreclosure Action
Rochester July 21 The Rochester Charlotte and Manitou Railroad trolley line was sold at auction for 12400 dollars to Kendall B Castle a local lender. The sale stems from an 84 foreclosure brought by bond rollers and is believed to involve the Mohawk Valley Company a branch of the New York Central System.
MENTIONED IN THIS ARTICLE
Rochester
Charlotte & Manitou Railroad
Are- In
Kendall B. Castle
Mohawk Valley Company
Kew Yok Central Sysiem
Cotton Exchange Probing Committee Named
The New York Cotton Exchange announced a special eight member committee to investigate current cotton contracts. Chairman Arthur R. Marsh said the probe aims for a thorough, open inquiry over two months or more with input from all interested parties including the Bureau of Corporations. The process seeks sound, permanent changes aligning with the cotton trade’s interests.
MENTIONED IN THIS ARTICLE
New York Cotton Exchange
Arthur R. Marsh
George Brennecke
Samuel T. Hubbard
R. Siedenberg
L. Mandelbaum
T. E. Hicks
George W. Neville
Mr. Marsh
Board of Managers
Bureau of Corporations
Morse fighting to regain control of banks
Morse, formerly in control of the National Bank of North America and the New Amsterdam National Bank before the panic, pursues plans to regain ownership. He has been buying receiver's certificates and offers settle ment to depositors at full amount minus 6 percent interest. Receivers announce intended dividends as trials unfold, with New Amsterdam paying 25 percent second dividend and National Bank of North America preparing 5 percent in September.
MENTIONED IN THIS ARTICLE
Charlies W. Morse
National Bank of North America
New Amsterdam National Bank
Morse
Charles A. Hanna
Mr. Morse
John H. Edwards
The
New Amsterdam
Hanna
Profits Named In Coster Bankruptcy Hearing
The examination of W B Coster, brother of the late Charles Coster, continued in the bankruptcy case of Coster Knapp. Debits of 2130 percent were linked to joint accounts, with Coster claiming ignorance. Personal dealings from 1899 to 1900 showed a profit of 1.2 million dollars. An effort to retrieve papers from Mrs Coster’s former counsel is planned before the July 28 hearing.
MENTIONED IN THIS ARTICLE
W. B. Coster
Charles Coster
Stock Exchange
Coster, Knapp & Co
Peter B. Olney
Costers
Coster
W. K. Post
Post
Involuntary bankruptcies filed in New York firms
Petitions in bankruptcy were filed in federal court against N Mittelman & Co makers of children suits at 27 East 10th Street with $59 850 in claims. E P Prentice appointed receiver. Additional involv includes Frederick Hall dry goods retailer at 721 Tremont Ave The Bronx with $12 000 claims and $6 000 concealed assets. Schedules show Liabilities and assets for Blecher Eiseman Co Broome Street, Nathan Abend Greene Street waist maker, Thomas Mathews Co Madison Ave art dealers, and other creditors and amounts. A default judgment for 9 948 against America West Africa Trading Co at 68 Broad St in Olivar & Co and a 46 198 judgment against Brown & Fleming Contracting Co at 129 Broad St in favor of John Fleming.
MENTIONED IN THIS ARTICLE
N. Mittelman & Co
Nathan Mittelman
William Moskowitz
East 10Th Street
Brauer & Louis and
E. P. Prentice
Frederick Hall
Tremont Avenue
The
Bronx
Germany
Knauth, Nachod & Kuhne
William Street
Nathan Abend
Greene Street
Thomas Mathews Company
Madison Avenue
P. M. McAllister
Enfield
Conn
Osborn Congleton
Hackensack
N. J
Madeline J. Brown
West 46Th Street
John E. de Baun
Broadway
London Realty Company
Anne McAllister
John Fleming
Brown & Fleming
Brown & Fleming Contracting Company
Boston Exchange Repudiates Curb Connection
Boston stock exchange members will not be connected with the Boston curb after August 1. The governing committee announced at a special meeting that no member or partner firm may be connected by telephone or telegraph with the curb, directly or indirectly, from August 1 onward.
MENTIONED IN THIS ARTICLE
Boston
Boston Stock Exchange
Stock Exchange
Judgments Filed in County Clerk Office
Judgments entered yesterday list debtors including America West Africa Trading Company and individuals. Amounts shown include 25 525, 23 020 09, 1 680 83 with creditors such as Fleming Cohen and the American Bank.
MENTIONED IN THIS ARTICLE
America-West Africa Trading Company
Rudner
Bamuel
Eter Roth
Elia Hoth
Rosa Rudner
Huamerican Bank
Market rise in railroad stocks since 1907 panic
The aggregate common capital stock valued at $970,903,232 has risen by more than $228,000,000 since 1907, about 23 percent. Major gains include Pennsylvan ia Railroad over $61,000,000, Delaware, Lackawanna & Western over $34,000,000, Reading over $31,000,000, Baltimore & Ohio over $30,000,000, and Union Pacific up $97,000,000. Western roads overall gained $343,045,473 across eleven firms, with Great Northern and Northern Pacific among notable risers.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad Company
Delaware, Lackawanna & Western
Reading
Baltimore & Ohio
Ontario & Western
Erie
New York, Ontario & Western
Union Pacific
Southern Pacific
Great Northern
Northern Pacific
Chicago & Northwestern
Western
Corey Pleased With Steel After Europe Return
William M. Corey, president of United States Steel, said after returning from Europe that business has recovered from the panic low to about 55 percent of normal capacity and shows signs of further improvement. He denied reports of plans to buy preferred stock, swap for bonds, or to take over Colorado Fuel and Iron.
MENTIONED IN THIS ARTICLE
William FE. Corey
United States Steel Corporation
Europe
Corey
Steel Corporation
Colorado Fuel and Iron Company
New Standard Oil Record High as Court Decision Hinted
Standard Oil stock surged in the curb market yesterday, closing at 646 after an intraday peak of 6 points higher. The rise follows rumors of a favorable court ruling and reflects a $260 million gain from fall lows, despite prior panic and multiple federal lawsuits including a $29 million fine.
MENTIONED IN THIS ARTICLE
Standard Oil
Purchase of Central Pacific Bonds by Major Banks
National City Bank Speyer & Co and Kuhn Loeb Co announced the purchase of 18 million dollars in Central Pacific Railway first and refunding mortgage bonds. The issue completes the 1899 authorized 100 million and secures the Harriman line from Omaha to San Francisco. Bonds will be offered to the public near 97 percent with proceeds to redeem Southern Pacific float.
MENTIONED IN THIS ARTICLE
National City Bank
Speyer & Co
Kuhn, Loeb & Co
Central Pacific Railway
Central Pacific
Harriman
Omaha
San Francisco
Southern Pacific
Southern Pacific Union Pacific
City approves Clark Street Railways franchise renewal
Springfield reports the City Council granted a renewed twenty year franchise to the Clark Street Railways syndicate of New York and Philadelphia despite citizen opposition at a 2 pm meeting. Other items note revenue officers enjoined over new distillery product marking in Cincinnati, a receivership peace move in Chicago, a Panama Canal supplier bid inquiry in New Orleans, a Philadelphia loan by city councils, and bond payments authorized for Nernst Lamp Company receivers.
MENTIONED IN THIS ARTICLE
Chicago
T Lotis
Toledo Railways & Light
Inc
Tize2 Inc. S
Tize2 Inc. S.5ae Cues * Seer Asesee
Cannon Iver Fecome Oaseee
Soneree
Mount Vernon
Manhattan
Mercantile Oacce
Mige Bond Co
Ueens Co
Av T
G & T Co
Tbushivs Tite
Truet Co
Amwaa
Union Fidelity - 45
United States
Guerenty T Co
Cas Co
USTG
Ico Uuus
Ma&t Co
van Norden
Hedson Tr Ce Budeon Realty
Westchester
Washington
Ant Brig Corp
Wa& Rt&mco
Kings County
Ann Sseccee
Knickerbocker
Windsor
Springfield
Clark Street Railways Syndicate
New York
Philadelphia
Cincinnati
Internal Revenue
Thompson
Clifton Springs
Union
Marine Almanac and Markets Report Summary
Marine notes provide sunrise and moon data, high tides, and wireless reports with ship positions and arrivals. Chicago grain and provisions summary describes a brisk wheat market, corn softening, oats rising, and provisions strengthening late, with assorted receipts and futures closes.
Shipping News Arrivals and Sailings at Port Bar
The port reports multiple arrivals including Steamer Avalon from Nor with fruit, Steamer Noordam with cabin and steerage passengers, and Steamer City of Memphis with passengers and mails. Also listed are cargo and passenger ships sailing for various ports, with details on quarantine, arrivals at the bar, and notable cargo such as oil and sugar.
MENTIONED IN THIS ARTICLE
Avalon
Rasmussen
Sama
Cuneo Importing Co
Bar
Marowlino
Dryver
Paramaribo
Barbados
Royal Dutch West India Mali
Malls
Moise
Har
Noordam
Grielnger
Rotterdam
Boulogne
Holland-America Line
Washtenaw
Connor
Sabine Pass
Standard Oil Co
Tennyson
Allen
Santos
Rio Janeiro
Victoria
Bahia
Pernambuco
Busk & Jevons
San Juan
Foss
Guanica
Mayaguez
Humacao
Jobos
Ponce
New York & Porto Hico Si Co
Cherokes
Archibald
Santo Domingo City
Macoris
Sanches
Samana
Puerto Plata
Monte Cristo
Turk’s Island
Clyde Ss Co
Concho
Young
Galveston
Key
Mallory &S Co
Quarantins
Indianapolis
Cove
Macorin
Delaware Breakwater
Hugh Kelly & Co
Saratoga
Downes
Havana
New York & Cuba Mati Ss Co
Kaiser Wilhelm der Grosse
Ger
Polack
Bremen
Southampton
Cherbourg
Oelrichs & Co
Monroe
Hulphers
Newport News
Norfolk
Old Dominion Ss Co
Abe
Gera
Meyer
Atlantic Fruit Co
Livestock Markets Report from New York July 21 1908
Market notes show beeves steady with four carloads 64 head sold to slaughterers and no shipments expected. calves receipts 236 head with common to prime veals at 5 to 8 5 per hundred pounds and dressed calves steady. Sheep and lambs receipts 84 cars were offered with steady prices for sheep and lambs. hog receipts 18 cars 2942 head, nominally weak with late sales around 7.25 per 100 pounds and various bids from multiple shippers and firms in New York and Pennsylvania.
MENTIONED IN THIS ARTICLE
New York
Liverpool
London
Saies
S. Sanders
Tobin & Shannon
Kentucky
Virginia
Kerns Commission Company
Ohio
Newton & Co
Virginia Lambs
Judd & Co
Shippers’ Commission Company
McPherson & Co
New York State
Pennsylvania
S. Judd & Co
Market cattle and hogs across major markets
Telegraph market notes from Chicago Cincinnati East Buffalo Kansas City Pittsburg and Toledo report receipts and price ranges for cattle hogs and sheep. Cattle steady to higher in some regions while hogs largely steady to lower with varying top and bulk prices noted. Lambs and sheep show modest shifts with regional price spreads and monthly futures activity mentioned.
Wool Market Trades Narrow In Boston Odd Lots
Boston July 21 reports show local wool market transactions confined to odd lots with sales averaging under 100000th each. There has been substantial sampling but manufacturers await orders for goods as prices hold steady amid cautious trading.
MENTIONED IN THIS ARTICLE
Boston
Proposals for Sale of Discarded Printing Equipment
Government Printing Office Washington July 22 1908 invites sealed proposals by August 12 for the sale of discarded printing presses chases bindery and composing room equipment. Right to reject and waive defects reserved. Details and blank proposals available from Public Printer John S. Ech. Office. For miscellaneous railway supplies Panama Railroad Company New York invites sealed proposals for furnishing listed articles by July 1 1908. Blanks and information from Assistant Purchasing Agent F C Nordt sie r.
MENTIONED IN THIS ARTICLE
Government Printing Office
Washington
Len
John Ss. Ech
Panama Rail Road Company
State Street
New York
F. C. Nordsier
European Produce Market Liverpool July 21 Wheat to bacon prices
Spot Wheat No 2 red Western winter 7s No 1 California 7s futures firm July 7s Tad September 7s 44d December. Corn spot firm American mixed old 68 10%d futures firm July September 7s 72d. Peas Canadian steady 7s 1d. Flour Winter patents dull 298 6d. Hops London Pacific Coast steady £112% Beef Extra India mess firm 166. Pork Prime mess Western firm Ti td Ham short cut 14 16d steady. Bacon Cumberland cut 23–30d steady 6d short rib 4–2d firm 4a 64 short rib. Short clear back 16–20d steady 448 clear bellies 11–16d firm 47s. Shoulders square 11–13½ 35s. Lard Prime Western refined and impati steady.
MENTIONED IN THIS ARTICLE
Liverpool
California
Mae
London
Pacific Coast
India
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Baltimore
Umimed
Ty van Schaick & Co
Wall Street
Cotton Duck Sane
Norf Ry & L Fe
Chas City
Ry Bs
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Cotton Exchange Probe
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