Stock Market Ends Mixed As Trading Slows
Stock activity shows generally higher prices with dull turnover. Volume totals around 246.2 shares for the day, versus a comparable period earlier in the year. The day closes with modest gains in key issues, reflecting a cautious mood among investors.
Semi annual dividends named by multiple banks and railways
The document lists dividends declared by The Merchants National Bank of New York, Chicago and Alton Railroad Co, The Peoples Bank of the City of New York, Michigan Central Railroad Co, Canada Southern Railway, Lake Shore and Michigan Southern Ry, The Fourth National Bank of the City of New York, Garfield National Bank, Delaware, Lackawanna & Western KER Co, and others. Dividends range from 1% to 6% with payment dates around July and August 1908. Stock transfer books closure dates are noted, along with cashier or treasurer signatories.
MENTIONED IN THIS ARTICLE
Eesewnee
Inois Central
Illinois Central
Interborough-Metropolitan
Sete
International Harvester
Ae International Paper
Ake
Louisville & Nashville
Marine Prea
New York Air Brake
New York Central
N. Y
N. J
Ontario & Western
Northern Pacific
Northern Pacific Ctfs
Pacific Mail
Coeseveseye
Pennsylvania Railroad
Reading
Republic Iron & Steel
Island
Eeenacneysingews S
Rock Island
St. Louis
Southern Pacific
Southern Railroa
Southern Railroad Pr
Texas & Pacific
iToledo Railways & Light
Toledo
Union Pacific
Aly
U. S
S. Realty & Imp
S. Rubber Ist
S. Steel
Utah Copper
Western Union Telegraph Act
Westinghouse Manufacturing
Westinghouse Mfg
Chicago & Alton Railroad Co
Wall Street
New York
Monder
Iyerks F_ H. DAVIS
Lake Shore & Michigan Southern RY
Grand Central Station
Charles F. Cox
Zee
Delaware, Lackawanna & Western Ker Co
A. D. Chambers
Swartwout & Appenzellar
Am Cigar Co
Am Tel
RIL& P&pc
Chie & W Ind
Ccé& St LS
Tfonsol Gas
Interborough
Interborough RT
Baty
Lackawanna Steel
No Lackawanna Steel
Aim I.S
Am Tours & Nash
Midh Central
Minn & St LS
Nat RR
Thy
NYC& Hrs
Norfolk & W Spc
Pennsylvania
Pub Serv Corp
Rt L & SF
Southern Ry
Southern Ry & P
Tidewater
U S Rubber
Westhouse E & M
Wheel & L ES
Bank of America declares semi annual dividend in 1908
The Board of Directors today declared a semi annual dividend of fourteen percent free of tax to stockholders of record on June 21, 1908. Transfer books will remain closed until July 24, 1908. W. M. Bennett, cashier.
MENTIONED IN THIS ARTICLE
Merchants National Bank OF Tre New Yorki Stree Tur
Byrne
Church Street
New York
Peoples Bank
City of
Garfield National Bank
Third & End Sixth Ave
Guy Jet
Dotglass
Bank OF America
Board of Turectors
W. M. Bennett
Philadelphia Stocks and Bonds Report Update
Market notes from Philadelphia and New York brokers list bid and asked prices for rail, steel, electric, and chemical issues. Entries include Lehigh Valley, Cambria Steel, Philadelphia Electric, Pen Rail Electric, Fairmount Traction, Gen Asphalt, Union Traction, Lehigh Navigation, and Smokeless Pew among others with varying bid and offer levels and preferreds.
MENTIONED IN THIS ARTICLE
Philadelphia
Charis D. Barney & Co
Broad Street
New York
South 4Th Street
Am Cement
Lehigh Val
Marsden
Cambria Steel
Gon Tr
NS J. Elecs Bat Co
Potie Uo
Elec Co
Am. MA
Penn Steel
E Fairmount Trac
Phila Elec
Phila Rap Tr
Im Co
Lehigh
Welsbach Co
Elec & Peo
W J Con &Er
Feo Pass
Stock market shows strength amid light volume and steady funds
The leading issues edged higher on limited trading, with Union Pacific and Reading among the leaders in a day when total volume stayed under 250 900 shares. Traders noted few outside demands, easy money, and a cheery forecast from Morgan as banks lean on ample funds and a growing bond market potential.
MENTIONED IN THIS ARTICLE
Rock Island
St. Louis
San Francisco
Union Pacific
Reading
United Cast Iron Pipe
American Locomotive Common
Public Service Commission
Coney Island
Brooklyn Rapid Transit Company
American Car and Foundry
Chesapeake & Ohio
Ontario & Western
Mr. Morgan
Exchange
Sterling Exchange
Berlin
New York
Germany
Bank of England
Bank of France
United States
Europe
Federal Treasury
Interior
Banka
Baltimore Stocks Report Snapshot and Prices
A compact listing from Van Schaick & Co on Wall Street shows bid and ask figures for several stocks. United Railway and Chesapeake and Ohio Railway appear with varied quotes, along with utilities like Consolidated Gas and Maryland Trust. Notable entries include Third National Bank and Fidelity and Deposit, with several preferreds and 10 year bonds indicated in rough terms.
MENTIONED IN THIS ARTICLE
Askerl
United Railway
Otten Duck
Norf Ry & L Ss
Asbv
Light & P
Chas City
St Seaboard
Ont Trust
Tnien Trust
Fidelity & Dep
Consol Gas
Maryland Trust
We Realty
T Co
Standard Trust
G & T Co
Am Franklin
Trco
Fulton Et Trust Co
Ho Fidelity
Union Ohsonate
Guaranty T Co
United States
Lilo Guardian
Cas Co
Hamilton
UBM & T Co
USB
Tg&ti Co
Hudson Realty
van Norden Bos Hudson Tr Co
Washington
Bk Corp
Westchester
Kings County
Bond Market Sales Totals From Daily Bond Listings
The day’s bond activity shows total sales at $1,387,000 with widespread listings across U S and international issues. Notable entries include Gen Elec Deb Bs, U S of Mex 4s, NY C and South Penn 3s, and various 4s and 46s from regional issuers. Prices range around 92 to 108 percent with multiple 4s and 5s maturing across 1920s to 1950s series.
MENTIONED IN THIS ARTICLE
Statuo
Wo& DC
Cuba
U S
Odo
Mo K & T
Caval
AT & S&s
C& St L
NY Air
P &S
ATC
South Penn
Doe
el Ist
Mc & O
St P M
SA & A P
Linton Pac
Tor
D & R Gimp
SOO West
Inactive Stocks on NYSE With No Transactions Yesterday
Last actual sales and closing quotations listed for numerous NYSE stocks with no trades yesterday. The roster includes Adams Ex, Am Can, Am Tobacco, Am Oils, Am Dist, Am Lin, Am Malt, Go Pref, Mackay, Lake Shore, New Coal, N Y C & St L, Reading Ist Pf, U S Express, Wells Fargo, West Md, Wisconsin, and others with bid and asked ranges.
MENTIONED IN THIS ARTICLE
Allis-Chalmers
Allis-Chalmers Co
Eee
Amer
Agricultural Chemical Ae
Ice Securities
Ois
Locomove
Aamer
Aeeeees
Lease Tees Ee
Cece
Tel. Tel
Ceae
Atchison
Enweneaeene
Atlantic Coast Line
Sita
Baltimore & Ohio
Batopilas Mining
Bethlehem Steel
Bethlehem Steel Pr
Brooklyn Rapid Transit
Canadian Pacific
Chesapeake & Alton
Ohio
Chicago
Chicago Great Western
St. Paul
Sererescoces
Mil
St. Paul Ctfs
lsChic
Dtfs
Chicago & Northwest
Chic
St. P
See
Chicago Union React
Strd Fuel & Iron
Col. & Southern Ewnsccces
Amy
Icoll
Col. & Southern Ist
Southern
Col. & Hocking Coal & ‘Tron
Cescese
Comstock Tunnel
Denver & Rio Ee Ai
Detroit
ARI Ns Asu
New York Stock Exchange
Adams
Ace&foot
Ann Arbor
B&o Pf
Roun Gas
Brunswick
BRE P
Roy ST
Buff & S of
Butterick C
Cé&Sa T
Cok Wa Ch & A
Iss
Drle
C& Eti Pti - B & Q
cCré& Ll
Ag Cleve & P
Eric Ist
Fed M & S
Gen
Ch Co
el Co
Granby M
Hock Val
Ing-R Co
Lac Gas
Lake Shore
Long Island
Marine
Mackay
Man Beach
M & St L
Or & Es
Nash &Ch
Peo & E
Peo Gas & M1 Pcc&st L
Pitts Coal
Ry Stl
Sla&sf
StL&s
ARK Sears R
S&s
Ts L&é
U Cig
U_S Express
U S
VaTtTca& C48
Vulcan
Wells-F
West Md
Money Market and Exchange Rates in Open Market
Money on call opened at 1 percent with a high of 14 percent and last loan at 142 percent, while time money remained unchanged. Rates for 60 to 360 days shown. mercantile paper in fair volume with varied rates. Foreign exchange opened steady, cables about 4.87 to 4.88, demand sterling near 4.87, with afternoon firmer. Bankers’ posted rates listed. domestic exchange by city, and several authority figures noted. Government receipts totaled 2.578 million, expenditures 3.0, with year-to-date gaps. Sub-Treasury showed a net debtor position at the Clearing House.
MENTIONED IN THIS ARTICLE
Mercantile Paper
Reichsmarks
Germany
Reicherparks
Paris
Belgium
Switzerland
Biber B
Holland
Boston
Hicago
St. Louis
San Francisco
New Orleans
Cincinnati
Savannah
Washington
Sub-Treasury
Clearing House
American securities abroad market report
London market for American securities was inactive and firm with quotes across foreign money and securities. Rates listed include London discount rates for short and long bills, Berlin, Paris discounts, and Paris exchange, along with foreign bonds such as British consols and French rentes.
MENTIONED IN THIS ARTICLE
London
Csli
Berlin
Paris
Paris Exchange
Bargold
Berlin Exchange
France
Government Bonds Yesterday Closing Quotations
Yesterday's closing quotations for government bonds are shown, compared with Wednesday's figures. The brief list highlights changes in yields across maturities and issues, reflecting market movements and demand dynamics.
Outside Securities Market Notes Mixed Activity
Trading in outside securities was on a small scale with interest in specialties and bonds. Mining issues moved narrowly. Chicago Subway fell, Cobalt Central firm and active, Davis Daly down, Goldfield Consolidated steady, Daisy up about 6 cents, Nevada Consolidated higher, Tri Bullion heavy, Tonopah Mining improved, Yukon Gold and Orphan quiet. Tidewater 6 percent notes at 0% and Allis Chalmers 5s rose nearly a point.
MENTIONED IN THIS ARTICLE
Chicago
Cobalt Central
Davis-Daly
Goldfield Consolidated
Daisy
Nevada Consolidated
Yukon Gold
Orphan
Tidewater
Allis-Chalmers
Bay State Gas
Ing
Chicago Subway
Atlanta Goldfield Sect
Eeee
Butte & N
Cobalt Cent
Domin Cop
M. Aecees
Miami
Mines Co of Am
Mckin-Darra
Tan Tontgom
Pittsburg
Trinity Co
Tayra Dev
United
Yukon
Morgan Optimism Lifts Consolidated Stock Exchange
On departure for Europe J Pierpont Morgan expressed hopeful views on current and future financial conditions. The American Locomotive Company declared regular dividends, boosting activity at the Consolidated Stock Exchange with prices closing near their highs. Trading was mainly by professional room traders, with modest outsider participation.
MENTIONED IN THIS ARTICLE
J. Pierpont Morgan
Europe
American Locomotive Company
Consolidated Stock Exchange
Denver Tramway bonds due July 1 1908 payment notice
The Mercantile Trust Company notifies holders of outstanding six percent gold bonds of The Denver Tramway Company issued under the mortgage to Mercantile Trust as Trustee. Bonds due July 1 1905 will be paid July 1 1908 upon surrender. Present to Mercantile Trust Company at its New York office for payment. W G Evans president.
MENTIONED IN THIS ARTICLE
Mark TF. Cox
Edgar L. Marston
John W. Hamer
W. Emlen Roosevelt
Henry K. Pomeroy
Metropolitan Elevated Railway
Manha AN Faay
Central Trust Company of
New No
Wall Street
New York City
New York
New City
Metropolitan
Palivey Company
Manhattan
Ian Redmond & Company
Pine Street
Manhattan Railway Company
DW. McWilliams
Denver Tramway Jipany
Denver Tramway Company
Mercantile Trust Company
Ibroadway
City of
Denver City Tramway Company
W. G. Evans
Foreign Trading and Dividends Declared in Markets
Foreign houses show 6.00 shares on balance with London markets steady and easy money. Dividends declared include National Bank of Cuba 4 percent semiannual, Wells Fargo and United States Smelting with various payments, and several other firms. Dun’s crop report notes accelerating maturity due to fair weather, with crop prospects improving except corn and cotton in certain regions. Card on banking systems and Pennsylvania relief fund details, plus American Locomotive and De Beers dividend actions. Copper prices lower across all grades in exchange quotes.
MENTIONED IN THIS ARTICLE
London
Bank of England
National Bank of Cuba
Wells Fargo & Co
United States Smelting, Refining and Mining Company
Delaware, Lackawanna & Western
United States Mortgage and Trust Company
Merchants’ National Bank
American Caramel Company
Mexican Telegraph Company
Massachusetts Lighting Company
Central and South American Company Regular
Alliance Realty Company
Duns Crop
Dun
R. G. Dunn & Co
Kansas
Ami
Oklahoma
Maurice L. Muhleman
United States
United States Bank of 1816
Pennsylvania
Pennsylvania Railroad
St Pittsburg and Erie
DE Beers
de — Mining Company
NEW Mutual Life
Edwin S. Marston
Ce Uneie
Phila and Trust Company
Wayne
Delphia
Genera Beck
Garfield
James M. Mee
United States Attorney General
Mutual Life Insurance Pany
New York
Also Mentioned on This Page
Jares Mpal
Edward B. Smith Francis E. Bond
George W. Norris
Osborn W. Bright
Charles F. Bloomer
Epward B. Smit
Chestnut Street
Spencer Trask & Co
William and Pine Sts
Redmendade
Edward G. Johns
Exchange Place
LA Rose Consolidated Cobalt Central Telephone
Hanover
Illinois
Gentral Rights
Boucht
Schmidt & Gallatin
Adwa AY of
York
ST. Callaway
William Milne, Cashier
Michigan Central Railroad Co
Grants Central Station
Canada Soltherrn Railway
XN. Y
Fourth National Bank
City
Charles H. Patterson
Toronto
Stewart & Lockwood
Buffalo
New Temaso
Nipissky i
Cobelt Lake
Nova & Nn
Peterson Lake
Baltimore
van Schaick & Co
Ecw
Vandaila
Money and Exchange
Madrid
Lisbon
American Securities Abroad
Atchinson
Wwe
BOM
United Stites
Panama
Farmers’ Loan and Trust Company
William Stree
Fifth Avenue
Bishopsgate St
Hansemann
Outside Securities
Consolidated Exchange Sales
Top & SF
Balt & Ohio
Brook R T +s
Pacific
Ches & Ohio
Mil & St P
ARM
Col Fuel & Iron
Dist Securities
Erte Tee
Gt Northern
Inter
Louis & Nash
Mo Pacific
Tony Central
Texas Pacific Pact
Andes
Isabella
Hale & Norero
Julia
Aican
Montgomery
Ophir
Newhouse
Naaty
Sier
Sierra Nevac
iTrampa
Commonwealth Exdition
Care Chicago Telephone
el Switz & Co
American Bank Note Company
Broad and Beaver Sts
The
Wall Street Journal
Andrew J. McCormack
Adrian H. Muller & Son
Vesey St
Abraham White
SOO
Union Pacific R. R
Philadelphia & Reading Rr