Basildon House Branches Bank London England
Basildon House operates as a bank with branches in London England and other locations.
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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 27, 1908
Page
4
Basildon House operates as a bank with branches in London England and other locations.
Various 1908 financial notices: Atchison Topeka and Santa Fe declares a semi annual dividend on preferred stock payable August 1. Chicago Peoria and St Louis Railway announces interest payable on bonds. Fourth National Bank declares 2 percent quarterly dividend with books closing. Minneapolis and St Louis Railroad coupons payable July 1. Garfield National Bank declares 3 percent quarterly dividend.
The Board of Directors declared a semiannual dividend of 13 percent tax free. It is payable July 1, 1908 to stockholders of record July 1. Transfer books remain closed until July 2. W. M. Bennet, cashier.
A heavy OCR list details earnings for Canadian Northern, Colorado & Southern, Grand Trunk System, Louisville & Nashville, Minneapolis St. Paul & Sault Ste. Marie, Southern, Wheeling & Lake Erie, Central of New Jersey, Toledo Railways & Light. It shows monthly and yearly gross and net earnings, operating expenses, taxes, renewals, surplus, and balance figures for May, June, and the fiscal year up to June 21 in multiple lines. Names include several railroad companies and financial figures in dollars.
Stock values improve with 205,711 shares traded versus 751,704 on the same day in 1907. Total sales for the period remain unlisted, with small lots and unclear totals for January 1 to June 2.
The market moved to higher prices in a thin session led by Reading Union Pacific United States Steel and Amalgamated Copper. Bears push to scare Rock Island while investors hold steady on strong hands and favorable crop reports. Bank cash reserves rose by 14.24 million, suggesting ample liquidity and limited demand for funds amid cautious sentiment ahead of August activity.
London market for American securities was inactive and steady with quotes for foreign money and securities. Call money in London stood at 1 percent, with short and long bills at 1 1/16 percent, while Berlin and Paris discount and exchange rates were listed along with British consols and French rentes.
The note shows varied demand with several references to 4s and 6s, including a 20000 figure and 10000 in another line. Mentions Wab Pitts and Cant Gen 4s with 85 percent context, indicating mixed interest in specific bond issues.
A long list of securities with last and closing quotations for issues that had no transactions on the New York Stock Exchange yesterday. The roster includes common and preferred shares across Am Can, Am Coal, Am Malt, Reading, Pennsylvania, and many others with varying bid and ask figures.
Money on call opened at 1 1/4 percent with late 1 1/2 percent. Rates for time money ranged from 2 percent for sixty days to over four months and 4 1/4 percent for a year. Foreign exchange steady, cables around 4.8715 to 4.8720, demand sterling 4.8690 to 4.5695, shorter francs and reichsmarks quoted with discounts. Bank clearings shown for New York, Chicago, Philadelphia, and others. Sub-Treasury shows debtor to Clearing House at 1,135,520.
Imports and marketings of drygoods this week compare with last week and last year. Total imports 692 Bewast 415 N39. Total marketings 1,706,486. 1 UST.
The snippet shows bid and ask data with percentages and dates such as May and Nov in years ranging from 1936 to 1964. Entries mention securities like OS UD and BDL Coupon or registered with various 101% 104% values and reference to Novi Teg Why and Bigs.
In a quiet session speculation in outside securities was active but price moves were minimal. Manhattan Transit weakened after the Public Service Commission rejected the Long Acre company bid to raise stock and bonds. Tonopah Mining rose on the dividend news while most issues remained near unchanged.
Lawyers Title Insurance and Trust Company of New York announces it will, on a date in 1908, pay to holders the certificates of interest in a $150000 special fund, under the merger agreement dated March 5th, 1905, at its New York City office upon proper endorsement.
The Denver Tramway Company holders of outstanding gilt bonds issued under a mortgage to The Mercantile Trust Company are advised that coupons due July 1 will be paid upon presentation at The Mercantile Trust Company office No 12 Broadway New York. W G Evans president.
Foreign trading shows light activity with under 5 000 shares traded locally while London remains firm and dull. Dividends declared include Bliss 25 percent on common and 2 percent on preferred, Towle semi annual 6 percent, Union Natural Gas 2 percent, and others payable July 1 or June 26. Kansas City Railway bonds being refinanced by Spencer Trask & Co, first lien on assets. Large Mexican National Railways bonds sold to French banks. other notes include banks gaining cash and Lake copper decline. Knickerbocker Trust to pay interest. Canadian Pacific orders 20 locomotives from American Locomotive.
Most savings banks will pay 4 percent interest on all deposits for the six months ending in June with one bank at a slightly lower rate. The higher mortgage rates this year helped banks offer the 4 percent return. Early in the half year panic fears lingered, but banks used withdrawal notice periods to prevent runs and depositors afterward left their savings undisturbed.
The Public Service Commission approves renaming the New York City borough Railway Company to the Bronx Railway Company. The corporation, a subsidiary of the Interborough Rapid Transit Company, operates trolley lines linking with subway and elevated stations.
Pittsburg June 26 Ten departments of the Homestead steel works of the United States Steel Corporation will resume tomorrow, the Saturday they have operated in the last three months. This will add an extra day's pay for the two thousand men employed in these departments, and it is generally expected there will be almost a full resumption in the mills next, when between two thousand and three thousand men will be at work.
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