Market Summary Fragment on Securities Slippage
A partial market note shows 2.7 percent figures and total sales for the day. It mentions unlisted securities and January context but the fragment is incomplete and lacks clear entities or outcomes.
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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 10, 1909
Page
13
A partial market note shows 2.7 percent figures and total sales for the day. It mentions unlisted securities and January context but the fragment is incomplete and lacks clear entities or outcomes.
The notice lists several companies United Fruit Company Detroit and Mackinac Ry Warburton Central Hudson River Railroad and Republic Iron and Steel announcing quarterly dividends on preferred stock with dates for record holders and transfer of stock, including payment slated for July and June 1909. It notes transfer hooks closing and reopening dates and names officers Colebrook and Warburton as treasurers.
Trustees direct that the annual post tax rate of 45 per year be credited, with payment after July 1st. Addressed to 7 Park Place, WY, and signed by 109 W. HL Rose, Assistant Secretary.
Government bonds finished yesterday with modest gains and losses compared with Tuesday trade. Investors awaited new data as yields fluctuated and demand wavered across short and long maturities.
Fragmentary OCR data shows terms like Id Asked Bid Acked Reign Ferry and Union Ferry with cryptic numbers and street references 10th & 234 St Pra, suggesting a historic trading or bond table. Readable entities include ferry names and street markers. many details are garbled.
Stocks were weak with reduced volume as aggressive support waned and speculative interests cooled. Heavy selling centered on Meading Southern Pacific Steel and Amalgamated Copper while Union Pacific and United States Steel saw notable rebounds late in the day amid short covering.
Bankers who subscribed to the latest city bond issue are not worried about the market. Some observers think the public has less demand due to numerous offerings, but major financial interests are content to hold such securities as investments.
Chicago market rundown notes closing stocks with figures tied to American Company con ay pret A Booth Packing rects Stable ref and titles from Chicago Title & Trust Commonwealth Edison Chicago Telephone and People's Gas among others listed in brief financial entry.
The latest closing quotes show numerous listed stocks with no yesterday transactions on the New York Stock Exchange. Prices range across rail, coal, oil and utility firms with several companies displaying preferred shares and varying bid and asked figures.
Market for outside securities remained lackluster with prices easing generally. Weather reduced attendance and a late listing of city bonds on the Stock Exchange dampened activity. Copper issues slipped slightly, Nevada Consolidated steadied after early weakness, Rawhide Coalition rose, American Tobacco fell, Standard Oil gained, Chicago Subway dropped, bond trading light with minor shifts.
A broad active market dominated the Consolidated Exchange with heavy volume in Unio Pacific and a strong closing bid. More than 1 shares traded at 19 and 159 percent versus a 1m top on the Stock Exchange. seventy-one issues changed hands, American Linseed preferred and Chicago Great Western preferred B newly listed.
A dense list of stock bids and asks from brokers and exchanges. The record enumerates many firms and theories with prices and locations, including Albany Philadelphia Vermont patterns, city streets, and rail lines. The garbled OCR preserves numerous firm names such as Avon and Mt M, Beech Creek, Concord and Mon, Morris and Essex, North Pennahote, and Pac At Tot, reflecting a historical securities trading page with mixed abbreviations and partial entries.
Money on call opened at 2 percent with highs to 7 percent and lows near 2 percent. Ruling rate 42 percent, long-time money in demand, and over-year money around 4 percent higher. Domestic and foreign exchange rates show cables, demand sterling, francs and reichsmarks with posted hawker rates. Government receipts and sub-treasury balances reported, day and month totals, with excess expenditures noted.
Ferlin June 9 The weekly return of the Imperial Bank of Germany shows cash on hand up 33 684 00 marks loans down 9 818 000 marks discounts down 56 008 009 remarks treasury bills down 24 051 000 marks notes in circulation down 60 558 000 marks deposits up 18 633 000 marks and gold on hand up 24 622 000 marks.
The London foreign money market shows weak demand as trading begins on the new account. Ex dividend rates. Call money 12 percent, short bills 2 2716 percent, long bills 3 percent. Berlin rates at 7 percent, Paris and London exchanges cited. British consols at 8 percent money, French rentes % francs 10 centimes.
Swartwout and Appenzellar furnish details for collateral trust notes maturing on the 14th and 22nd of a month. The furnishing firm lists street addresses and clarifies note status and terms. No pie.
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