Securities Explained and Velvet Accounts in Banks
Securities rarely appear on bank ledgers as stated capital. Bankers may act as registrar for mining firms and take stock or bonds as payment. If collateral secures loans and defaults occur, salable securities are used to cover losses while illiquid assets sit in velvet accounts. Officials doubt velvet holdings reflect actual losses, citing past embezzlement at a New York bank and unclear reserve fund details.
MENTIONED IN THIS ARTICLE
Inmay
State Banking Department
Knickerbocker Trust Company
First National Bank
Cornelius J. Alvord, Jr
Minig Notes on Schwab-Driven Mining Shipments Rise
The San Toy Mining Company controlled by Charles M Schwab ships 20 to 60 tons of ore daily, valued at about $8 per ton after silver and lead deductions. Alaska mining prospects grow as spring rush nears, with strong copper district expansion anticipated and many idle miners seeking unclaimed lands in Alaska and the Yukon.
MENTIONED IN THIS ARTICLE
San Toy Mining Company
Charles M. Schwab
Toy Terriory
Ban Tor
Alaska
Kiondike
Guggenheim
Copper River
Tanana
Valdez-Fairbanks
Bankrupt petitions filed in U S District Court contrasts
Voluntary petition by Edward L Parmiee of Milford Conn lists liabilities of 834722 and assets of 4608 mainly machinery tools stock in trade and bonds. Involuntary petition against Marquise Chocolate Company of Ninth Avenue by Henry Aubert lists creditors. Abraham Silverman declared bankrupt with liabilities 259284 and assets 151598. stock in trade valued at 1204. Emil Fuchs appointed temporary receiver.
MENTIONED IN THIS ARTICLE
Edward L. Parmiee
Milford
Conn
Eighth Avenue
Came Bank
Fulton Street
Brooklin
Clark Wilcox
Lenox Road
Brookie
Fete
Norton & Fletcher
Greenwich
Buchsbeum
Avenue
Emil FE
Fuchs
Marquise Chocolate Company
Ninth Avenue
Henry Aubert
Max Back
Emil Spinade
Compan
Jude
Holt
Edward Ek
Abraham Silverman
Silverman
American Woollen's Year Reports Losses Amid Curtailment
The annual report for American Woollen Com for the year ended December 21, 1397 shows income and expenses, depreciation, and preferred stock sales. It notes total indebtedness of 4,080,558 and quick assets of 27,05 795, with production curtailment to 68 percent and inventories written to market value. The outlook remains cautious but dividends to preferred shareholders are expected to continue.
MENTIONED IN THIS ARTICLE
AIT Balsree
Willen
Wooderys
Mary
Inc
John W. Bumstead
Woodside
John W
American Grass Twine Ends Year With Mixed Results
The report shows total expenses of 111 with profits and losses of 4.03 and a gain of 6 202. Debts of 115 679 have been paid. The president’s annual stockholder statement notes a weak close to 1017 and a substantial rise in early 1908 versus 1907, urging consideration of business conditions.
MENTIONED IN THIS ARTICLE
Hobs
Syed
Coffee Market Sinks and Rallies in Quiet Session
New York March 3 1908 Coffee market was quiet with 6230 bags sold. Prices held steady to 6 points lower mid session, then steadied near close amid light demand and hedging activity. spot market showed strong features but futures demand was muted due to liquidation fears. Cotton and grains were uneven with near positions dominant and mixed futures, as large traders weighed bull and bear positions and reports looked to upcoming census and weather signals.
MENTIONED IN THIS ARTICLE
New York
Havre
Hamburg
Rio No
T Cam
National Gunners’ Association
Florida
Umas
Kakimas
New York State
State
Pacific Coast
Philadelphia
Pennsylvania
Philadelph
Ohio
Indiana
New Orleans
California
Bermuda
Maine
Dee Long Island
Jersey
Western
OKHS
ANISH
Charleston
Orleans
Escarole
Newans
Norfolk
Kohlrabl Ns
North Carolina
de Orange County
Okra
Waatercress
Toledo
Timothy—Prime
Alsike
Market update from Chicago commodities and provisions
The report details Chicago prices across corn, pork, ribs, lard, and meats with mixed activity. Hides, leather, tin, copper, and other metals show steady to weak tones while molasses, syrups, oils, and rice trade firm demand. Weathered and varied agricultural goods list supplies, with steers, poultry, and vegetables reflecting fluctuating regional markets.
MENTIONED IN THIS ARTICLE
Chicago
London
Ivlip
Standard
Cleveland
Northern
Standand_foundry
Jung
New Orleans
Philadelphia
New York
City
Our
Calcutta
Market Report Beans and Bains for Week Ended March 2 1908
Weekly market digest details beans and peas exports and imports, with domestic white beans amid tight trading as prices for peas and kidney beans vary. Creamery butter and cheese show mixed moves with price firmness on high quality, while eggs fall slightly as receipts rise. fruits list apples cranberries and oranges with steady or mixed changes.
MENTIONED IN THIS ARTICLE
Foreten
Cellers
California
Mina
Europe
Liverpool
Steat
Wand
State
Pennsylvania
Livestock Market Report from New York March 3 1908
New York beef calves sheep and hogs receipts and prices for March 3 1908 with export allocations and upcoming shipments. Beef and veal prices steady to firm while hogs ease slightly on Buffalo advice and dressed meat markets show modest activity across regions. Short notes on ship movements and market forecasts for the Jersey City and Southampton routes.
MENTIONED IN THIS ARTICLE
New York
Jersey City
Liverpool
London
Talisman
West Indies
Majestic
Southampton
Swift Beef Company
Morris Beef Company
Georgia
Indiana
Kerns Commission Company
Indiana Lambs
Sanders
Pennsylvania
Market Prices Across Regions in Early March Cattle and Hogs
Telegraph market notes show mixed cattle and hog prices from Chicago Cincinnati East Buffalo and Kansas City. Cattle steady to higher with various grade ranges. hogs mostly lower or steady with price bands noted. sheep and lambs varying by region, with lambs often steady or higher.
MENTIONED IN THIS ARTICLE
Chicago
Cincinnati
Prime Culls and Weights Highlight Odd Supply Report
A garbled market note mentions prime and cull stock with prices like $2 to $3 for lighter weights and $34 to $75 for other lots. References include steady demand for heavier “work” cattle and miscellaneous terms such as workers and poughs, but many details are unclear.
MENTIONED IN THIS ARTICLE
Sebene
Liverpool Cotton Market Closing Prices and Commodities
Market report from Liverpool March 8 shows spot Wheat and Corn mixed, futures quiet across March May July contracts. Flours, hops, peas, pork, bacon, lard and cheese quotes listed with British and American references, with skying and settling prices across several items and grades.
MENTIONED IN THIS ARTICLE
London
Pacific Coast
India
Sds
Trerces
United States
Boston wool market shows slight uplift after weak trend
Boston on March 8 reports a firmer mood in wool trading though prices stay weak across lines. Declining mill curtailment depressed clothing wools, but as clothing stocks near liquidation an improvement is expected. Domestic quotations span Ohio, Pennsylvania, Kentucky, Indiana, Missouri, Texas, California, Oregon and Territory scoured and unwashed grades with varied prices.
MENTIONED IN THIS ARTICLE
Boston
Ohio
Pennsylvania
Delaine
Kentucky
Indiana
Missouri
Texas
California
Oregon
Chicago Grain and Provisions Market Report
Wheat prices on the Chicago exchange rose over 2 cents as shorts and bulls pushed futures higher. May closed near the day’s top while corn and oats advanced. provisions gained as live hogs declined. Local receipts and strong demand supported a firm finish across wheat, corn, oats, and related products.
MENTIONED IN THIS ARTICLE
Gulf
Norfolk
Baltimore
Augusta
Baies St. Lewis
Wilmington
Charleston
Galveston
Houston
Memphis
Cotton Exchange
Liverpool
S.dv
Manchester
Kaneas
New York Produce Exchange
Kwib
Northwest
Chicago
New York
Commission House
Duluth
Seaton
Minneapolis
Eure
Berlin
Eyoarn Ball
Dante’ Ontine
Seo
Geree
Chicagzo
Wast
Budapest
May
Bradstreet’s
May Park
Also Mentioned on This Page
Banks
Trust Companies
Knickerbocker
Arizona Copper Company
United States District Court
American Woollen
Eva
Appenzellar
Pine St
Lvl
Coe & Ohio F
Igil
Len Reece
Ee Corp
Rio
General Market Report
Kansas City
Omaha
West
South America
Continent
Brazil
Talmage
Louisiana
Japan
Patna
Rangoon
Bassein
Eagle
Ruscovado
San Domingo
Siac
Cuba
Country Produce Markets
de Spitzenbere
Northern Spy
Soares
Hutcardson
Baldwin
Telegraph
Aoe
East Buffalo
Kansasity
Tisdplte
Sburg
Boston Wool Market
Chicago Grain and Provisions
Chesapeake & Ohio
Louisville & Nashville
Ea Sayoni
Ontario & Western
Anne Weno
eSte
Denver & Rio Grande
van Schalek & Co
Wall Street
United Railway
Chas City
Travel Ee Hotel
Warlorough
Traymore
Jatlantic City
N. J
Traymore Hotel Company
CHAS
Marquette
Ds&s White
Haddon Hall
Atlantic City
Leeds
Lippincote
Seaside House
Ocean Front
P. Cook & Som
Chalfonte
THE
Leeds Compas
Pennhurst
Wm. R- Hood
HOTEL
Rennis T
Ocean
Walter J. Buzby
Browns Mills-In-The-Pines
New Jersey
New York City
Perna
Browns Mills
Cambridge Bidg
Std Ave
Tel
Montclair Montclal
Sua Camore
Montclair Hotel
Priarcliff Manor, New York
Briarcliff Lodge
Briarcuc
Windsor Arcade
Fifth Avenue
Virginia Kot Springs
Broadway
Pennsylvania Railhoad
Fred Sterry
Hot Springs
St.george
City Hotels
Grenoble
56Th ST
7Th AV
Tisset
J. James Tissot
de Brand
New-York Tribune
Tissot
Daily
Sunday Tribune
Coupon A
Tribune, Tissot Dept
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