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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Mar 25, 1908
Page
4
The foreign money market shows call money in London at 2 to 3 percent, with discount rates for short and long bills. Berlin and Paris discount rates at 4 percent and 2 1/16 percent respectively, Paris exchange on London at 1 15 centimes, bar gold quoted at 77s id, and British consols for money at 87 16 percent.
Yesterday's bond closing quotations show bid and asked levels for government securities with March 23 and March 24 reference dates. The readable figures indicate minor shifts in prices and yields, reflecting market liquidity and coupon details from the era.
Fragmentary OCR text shows scattered mentions of places such as Mex and Wis plus percentages and city names. lacks a coherent event or identifiable entities to form a proper news item.
Commissioner Lane's statement notes favorable trade conditions as steel preferred at par. Closing prices for stocks and active bonds are listed with net changes. Domestic exchange rates show premiums and discounts across major cities, with bank clearings figures and silver and gold premiums. Government receipts for customs and internal revenue are reported, along with Sub Treasury balances and miscellaneous receipts.
Stock market trading remained buoyant with about 950,004 shares changing hands across 164 issues. United States Steel led gains, up 7 percent, with Consolidated Gas rising 6 points. Amalgamated Copper advanced modestly while copper in London also rose. demand from commission houses increased though not dominant. The rally followed Supreme Court decisions dampening anti-railroad fears and optimistic views on renewed prosperity, though rail earnings still lag those of the prior year. Profit taking tempered late trading, but overall closes were well ahead.
The money market opened with calls at 2 percent, easing to 1 1/2 to 2 percent by close. Short notes ranged 3 1/2 to 5 1/2 months at various rates. mercantile paper steady with several attractive names. Foreign exchange opened easier with sterling around 4.8620 and francs and reichsmarks quoted, later firming a bit as remittance demand persisted and bill supply remained light.
Tata sales for the day totaled sixty one thousand sixty two in consolidated exchange figures. The brief financial update notes unlisted details and lacks further context or breakdown of units, regions, or channels.
The Wall Street Journal notes exports totals for merchandise with figures from January 1 to March 36. Reported values include 15,208,510 and 12,690,296 dollars alongside per unit costs of 11.46. The data show large totals across months with hundreds of millions in value.
TOPICS OF THE STREET reports foreign trading activity at Leander market with 25 400 shares. London stocks firm but markets light. Manufacturers National and Cleveland Cincinnati One papers declare regular and special dividends. United States Industries and Bethlehem Steel note high capacity usage. Calumet and Arizona Mining cuts quarterly payout to 1 00 while grain rates may rise May 1. New York Cotton Exchange seeks Good Friday holiday. Lehigh Coal and Navigation issues new stock. International Paper eyed a potential 4 percent quarterly rate.
Fragmentary stock notes list Cobalt related names and prices across Toronto markets. Mentions include Nipissing, Foster cobalt, Silver Leaf, Kerr Lake, Red Rock, Trethewey, and Temas with scattered figures and broker references, likely from a daily market digest.
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