Velvet Securities Explained and Bank Losses Discussed
The piece explains velvet securities held by banks as hidden or misvalued assets used to pay for services or as collateral. It notes how such accounts may mask losses from underwriting and investments, referencing Knickerbocker Trust and a 1900 embezzlement at First National Bank.
MENTIONED IN THIS ARTICLE
State Banking Department
Knickerbocker Trust Company
First National Bank
Cornelius L. Alvord, Jr
Mining Notes Highlight Alaska Rush and Copper Districts
The San Toy Mining Company and Charles M. Schwab report daily ore shipments of 200 to 500 tons with net $8 per ton. Alaska’s spring mining rush, the Trans-Alaskan project, and the Tanmana district anticipate heavy copper output as miners head to Alaska and Canadian Yukon, amid idle US miners drawn by vast unclaimed lands.
MENTIONED IN THIS ARTICLE
San Toy Mining Company
Charles M. Schwab
American Smelting and Company
Gan Tey
Alaska
Guggenheim
Copper River
Tanmana
Valdez-Fairbanks
United States
Bankrupt petitions filed in U S District Court
Voluntary bankruptcy petitions submitted for Edward L. Parmlee of Milford Connecticut listing liabilities of 1836722 and assets of 6609 with machinery tolls stock in trade and other assets. Involuntary case filed against Marquise Chocolate Company with creditors seeking 31664 360 52225 and a court appointed temporary receiver. Abraham Silverman involuntary bankruptcy with liabilities 259286 and assets 15129 with stock in trade valued at 1209.
MENTIONED IN THIS ARTICLE
Edward L. Parmlee
Milford
Conn
Eighth Avenue
Fulton Street
Brooklyn
Wilcox
Lenox Road
Norton & Fletcher
Greenwich Suet
A. Buchsbeum
Ninth Avenue
Emil FE. Fuchs
Ap Pantea
Marquise Chocolate Company
Henry Aubert
Max Beck
Emil Spindle
brown @pem
Holt
Edward R. French
Abraham Silverman
Silverman
American Woollen's Year Review Reflects Curtailment and Debt
The report to stockholders notes 3.4 percent earnings on common stock of 29,501,000 and total indebtedness of 4,980,558. A 100,000 share red stock sale at par increased capital stock while demand for worsted goods lagged. Production was cut to 61 percent as inventories and receivables weakened, with market value inventories below cost. The outlook remains cautious but hopeful for year end, with continued preferred dividend payments.
MENTIONED IN THIS ARTICLE
Presiin M. Wood
American Grass Twine Company Annual Report Summary
The American Grass Twine Co reports year end December 21 with overall expenses of 14. The corporation shows a 46.2 percent gain and a net income of 95,008. President Robins presents the stockholders with a steady business outlook. The last quarter shows a strong rise in sales, and the first two months of 1908 compare favorably to 1907 amid improving conditions.
MENTIONED IN THIS ARTICLE
Corplus
Robins
Quiet Coffee Market Amid Narrow Trading Activity
The general market report notes a very quiet coffee market with only 6,200 bags sold. Prices hovered near unchanged to five points lower in New York on March 3, 1908, with steadying near the close, while demand remained modest and speculative activity largely muted.
MENTIONED IN THIS ARTICLE
New York
Danger Serge Trade Interests
Havre
Hamburg
Rio No
Chicago Market Report Mixes Grains Meats And Produce
The Chicago market pages show varied price movements across commodities. Hides and leather steady while London tin and copper down. pork, beef, and lard firm amid strong packer demand. molasses syrups stable with firm demand. rice and sugar markets mixed with refined sugar firm and raw sugar higher. Potatoes onions and vegetables steady to firmer at close with active produce movement in many lines.
MENTIONED IN THIS ARTICLE
New York
Rio Lake
Chicago
London
Leke
Standard Foundry
Cleveland
Northern
New Orleans
Gsic
Shorts
Sic
Philadelphia
City
Calcutta
Gagero
Market Report Beans Peas Butter Cheese and Eggs 1908
Week ending March 2 1908 reports arrivals and prices for beans peas butter cheese and eggs. Beans show mixed demand with marrow red kidney white kidney and yellow varieties quoted. imports and exports noted. Butter prices softening with creamery and process grades varying. cheese prices steady with demand for full cream and skims. Eggs steady then weak as receipts rise. fruit and citrus pricing given with regional storage and fresh arrivals.
MENTIONED IN THIS ARTICLE
Ted Kidney
California
Lima
Californic
Europe
Liverpool
Ihc
Pennsylvania
Livestock Market report from New York March 3 1908
Receipts total 58 cars 974 head beef cattle and calves and sheep and hogs. Cattle steady with export demand and future shipments noted to Liverpool London and Southampton. Calves and sheep and lambs show varied prices with dressed beef and mutton values cited. Hogs 26 cars 4459 head softer with Buffalo guidance and regional sales at several price points.
MENTIONED IN THIS ARTICLE
New York
Jersey City
Liverpool
London
West Indies
Majestic
Southampton
Swift Beef Company
Morris Beef Company
Georgic
Indiana
Kerns Commission Company
Lac
S. Sanders
Pennsylvania
Cattle Markets Across Cities Steady to Weaker Receipts
Chicago markets show cattle receipts around 4 500 head with steers quoted at 4 25 to 6 15, heifers 2 50 to 5 25, and bulls 5 0 to 7 25. Hog demand slows with heavy and mixed types at 4 5 to 4 90, while sheep and lambs trend steady to higher in parts, lambs 5 0 to 7 50. Kansas City reports 9 600 cattle with strong demand for export steers at 5 75, western and southern stockers and feeders trading 3 50 to 1 90, hogs 4 20 to 4 40, and lambs 6 30 to 7 50 amid steady to higher sheep prices. Pittsburgh notes a steady to modest cattle supply with ongoing market activity.
MENTIONED IN THIS ARTICLE
Rssecess
Wisc Une
Zane
Gulf
Savannan Steacy
Norfolk
Minal
Lie
Wilmington
Galveston
Liverpool
Lewis Guid
Vton Exchange
Manchester
Kansas
New York Produce Exchange
Sperlolb
Western
Northwest
Chicago
New York
Commission House
Duluth
Boi
Minneapolis
Southwest
Antwerp
Berlin
Budapest
Broomhall
Bradsor
Thuch
Markey Carey
York
Cape
Cod
Florida
Germnes
Pacific Coast
Kakimas
New York State
State
Timony
wWe
Usc
Philadelphia
Pennsylvania
Phiadelphia
Ohio
Ndiana
Indiana
New Orleans
California
Bermuda
Charleston
Theo
Orleans
Kale
Kohlrabl
Carolina
Orange County
Stendard
Okra
Do Florida
Hubbard
Nach
Cuba
Canada
Timothy—Prime
Toledo
Clovers
Eastle
Kansas City
Marge
Livestock Market Prices Reported for Sheep and Hogs
Choice prime and ewe prices listed with varying grades. Sheep: prime wethers at $5, other categories $2 to $6, lambs around $59 to $99. Calves at $7.50. Hogs: receipts light, prime heavies about $4.50 to $5.00, mediums and heavy workers $4.50 to $5. yields and figures show steady activity.
MENTIONED IN THIS ARTICLE
Ona
Liverpool Cotton Market Report and Commodity Prices
Liverpool telegraph notes a firm spot for wheat and quiet futures across several grains and oils. Prices for beef pork and bacon show weakness or dull activity, with lard butter and turpentine cited, while cottonseed oil and various cuts of bacon and shoulders move in narrow ranges.
MENTIONED IN THIS ARTICLE
London
Pacific Coast
India
Dhs
Therces
United States
Sada
Boston Wool Market Shows Better Tone Amid Weak Prices
Boston reports a modest improvement in mood despite overall weakness as mills curtail output and clothing stocks wind down. Quoted domestic ranges cover Ohio Pennsylvania fleeces Michigan Wisconsin New York delaine and washed grades with varied scoured values across Texas California Oregon and territory categories.
MENTIONED IN THIS ARTICLE
Boston
Ohio
Pennsylvania
Delaine
C. Delaine
Michigan
Wisconsin
New York
Kentucky
Indiana
Missouri
Texas
California
Asia
Oregon
Chicago Grain And Provisions Market Report
Chicago price movements show gains across wheat corn oats and provisions amid brisk demand and shrinking wheat stocks. May wheat closed around 1.00 to 1.01 with notable activity in delivery months and mixed car receipts. futures rallied as shorts and bulls covered.
Also Mentioned on This Page
Velvet” Securities
Banks
Trust Companies
Knickerbocker’s
Arizona Copper Company
United States District Court
American Woollen
Parr
St. i
Appenzelar
General Market Report
National Gunners’ Association
Omaha
West
South America
Continent
Brazil
Talmage
Louisiana
Japan
Patna
Rangoon
Bassein
Ruscovado
San Domingo
Country Produce Markets
King
Spitzenberg
Northern Spy
Hubbardson
Baldwin
Telegraph
Pitsburg
Boston Wool Market
Chicago Grain and Provisions
Bradstreet’s
May
Chesapeake & Ohio
Louisville & Nashville
Ontario & Western
Sis
One
As Inc
TS Inc
Denver & Rio Grande
Inc
Feo Bal
John W. Bumstead
John W Woodside
Baltimore
van Sehalek & Co
Wall Street
United Railway
Nort Ry
Gbess & Power Pf
Chas City Ry
Seaboard Chas Consol
Continental
Union Trust
Thirg Nat Bank
Fidelity & Dep
Maryland Trust
Nor Cent Ry
New Jersey
Ocesam Front
Atlantic City
White
Josiah White & Sons
Traymore
N. J
Traymore Hotel Company
Chas. O. Marquette
S. White
Haddon Hall
Leeds
Lippincote
Seaside House
Cook & Son
Chalfonte
THE
Leeds Company
Pennhurst
Wm. R. Hood
Dennis Aqantic
S. A
Walter J. Buzby
Browns Mills
New York City
Perna
R. R
Grownie Mills
Cambridge Bidg
Sth
Montclair
Montclas
IAI Inter Rat
OU Ontclaie Hotel
Priarcliff Manor
Boe Tate
Jersey
Osies
Fifth Avenue
Virginia
Virginia Kot Springs
Ticketa
Pullman
C. O
Broadway
Pennsylvania Railroad
Fred Sterry
Hot Springs
St.george
City Hotels
HOTEL
Grenoble
56Th ST
7Th AV
William P. Chase
Tisset
J. James Tissot
de Bruno
New-York Tribune
Tissot
Daily
Sunday Tribune
Coupon A
Tribune
Tissot Dept