United States Mortgage and Trust trims board
The United States Mortgage and Trust Company reduced its board from twenty three to twenty one after the resignations of George M. Cumming George G Haven Jr and William B Leeds and the addition of L Krauthoff Acting president Arthur Turnbull named to lead the firm temporarily while long term appointments are set The other officers were re elected except Samuel B Colt who was succeeded by T W B Middleton Krauthoff also serves as a director of Central Leather Company and is a noted corporation lawyer.
MENTIONED IN THIS ARTICLE
United States Mortgage and Trust Company
George M. Cumming
George G. Haven, Jr
William B. Leeds
L. (. Krauthoff
Cumming
Arthur Turnbull
Turnbull
Post & Flage
Samuel B.colt
T. W. B. Middleton
J. ©. Krauthoff
Central Leather Company
Stock market weak and lower totals shown
Trading closed weak with modest activity as totals for the period show 580,531 shares traded versus 768,302 shares in a comparable period. The day’s totals include scattered small lots and varied daily movements, reflecting a cautious market tone amid mixed volume and price shifts.
MENTIONED IN THIS ARTICLE
Ares
Financial Affairs Weak Tone In Stocks
Stock market moved irregularly downward on light volume and a lack of news. The decline followed selling pressure after the McIntyre failure, with Westinghouse dropping eight points and Pennsylvania dividend cuts anticipated. Railroad earnings showed mixed relief as idle cars hit record lows, while time money rates firmed slightly and foreign exchange dipped. Bank of France and Bank of England reported gains in gold holdings with high reserve ratios.
MENTIONED IN THIS ARTICLE
Westinghouse
Pennsylvania
American Railway Association
United States
Canada
Union Pacific
Southern Pacific
Bank of France
Bank of England
Bond Market Sales Chronicle
Market notes list extensive bond transactions with numerous issuers and yields. Highlights include Japanese digs, Cuba bonds, Amoco style issues, and various Gen 4s and 5s with prices mostly near par. Total bonds sold amount to 3,085,000 with many items showing% rates and coupon details.
MENTIONED IN THIS ARTICLE
Lacka Steelee
Cuba
Eno
Br&p
Gen & O Ton
Sone Fon St
Odo
Tex & P
Union Pac
Penn
IF & Steel
West Shore
American Securities Abroad Mixed London Market April Report
London April 29 with irregular American securities trading. Final prices show varied gains and losses across issues including Anaconda and United States Steel. Foreign money markets report Wall money in London at 2 2 per cent with short bill discounts at 4 1 4 per cent. Paris and Berlin exchange rates noted.
MENTIONED IN THIS ARTICLE
London
Atchizen
St Swat
Sy Fitness Central
Jouieville & Nashvillle
New York Central
Pennsylvana
Nee Itha
Southern Pacific
Si's
Ah Union Pacific
United States Steel A
Wall Money
Tondon
Paris
Paris Exchange
Dargold
Berlin Exchange
Foreign Bank Returns Highlight Mixed Central Bank Moves
London and Paris report weekly Bank of England and Bank of France returns. England shows reserve rise of 102,000, government securities up 454,000, but public deposits fall 374,000. France notes 25,000 francs in notes, gold holdings up 246,525,000 francs, bills discounted up 281,200,009 francs, with deposits rising 41,525,000 francs.
MENTIONED IN THIS ARTICLE
London
Bank of England
Prebank
Paris
Bank of France
Treasury
Inactive Stocks on NYSE Last Sale and Closing Quotations
Last actual sales and closing quotes for stocks with no transactions yesterday on the New York Stock Exchange. Listings include Adams Ex and various preferreds, utilities, rail, coal, and metal firms with bid and asked figures, showing unchanged or limited activity across many issues. Names such as Homestake and Int Power appear among listed equities with no recent trading.
MENTIONED IN THIS ARTICLE
Frederic H. Iatch
Broad Street
Kvel&p
Lacka Steel
Lord & Tidior
Lorillard
Am Coal
Niles-Bem-P
Nat Cash
Otis Elevator
Babrock
Pratt & W Pf
Barney & SU
Borden's
Sar H&l
Texas Co
R& L
Trenton Pot
Empire
Union Carbide
Herr-H-M
Union Ferry
AZ United Bkd
Eane Extra
Asket
Nwest
S& S
New York Stock Exchange
Adams
KC Fs&m
Aide
Long Island
Marine
Mackay Cos
Son Pt
Iswick
Il & W
L&w
B& P
Ing-Ro
Ps & M
Money Market and Foreign Exchange Report Highlights
Money on call opened at 1 percent with highs at 2 percent and the close at 1 percent. Rates extended across 60 to 365 day terms, with varied offerings and a firm yet ample supply. Foreign exchange opened down, then steadied, with cables around 4.87 and demand sterling near 4.87. Bank clearings listed for New York, Chicago, Baltimore, Philadelphia, Boston, and other centers. Domestic and continental exchange rates quoted, with silver and gold premiums noted. Government receipts show customs and internal revenue figures, with month-to-date and year-to-date totals and deficits. Sub-Treasury shows net balance owed to Clearing House.
MENTIONED IN THIS ARTICLE
Mercantile
Germany
Re Ghosens
Paris
Belgium
Switzerland
Frances Ocalahe
Holland
Cen Tian Ae Te Ou
Boston
Chicago
St. Louis
San Francisc
Telegraph Fe
New Orleans
Cincinnati
Savannah
Bank U Clearings
New York
Baltimore
Philadelphia
London
Madrid
Lisbon
Washington
Sub-Treasury
Clearing House
Global Banking Addresses and Financial Instruments List
The document lists branch offices and contact points in New York Paris and London for Bills of Exchange Cheques and Cable Transfers. It notes Travelers letters of credit payable throughout the world and specifies office locations at 16 18 20 22 William Street New York 475 Fifth Avenue New York 41 Boulevard Haussmann Paris and 18 Bishopsgate Street London.
MENTIONED IN THIS ARTICLE
William Street
Fifth Avenue
New York
London
Bishopsgate St
Outside Securities See Broad Market Weakness
A pronounced downturn swept the outside securities market with heavy realizations across most listings. Major names fell including American Tobacco down 50 points and Montgomery Shoshone dropping sharply on mine reports, while Standard Oil and Illinois Central rights also eased amid broad selling.
MENTIONED IN THIS ARTICLE
American Tobacco
Standard Oil
Illinois Central
Chicago Subway
Butte Coalition
Montgomery Shoshone
Tramp Consolidated
Nevada Consolidated
Cumberland-Ely
Interborough
Pennsylvania
Farmers Loan & Trust seeks to join bondholders in Texas foreclosure
At the request of the committee under the Bonde holders agreement of March 19, Farmers Loan and Trust Company obtained leave of court to file a bill of complaint in the U S Circuit Court for the Northern District of Texas for foreclosure of the second mortgage bonds. Parties wishing to join the bondholders agreement may do so by depositing their bonds with Farmers Loan and Trust Company before May 9 1908.
MENTIONED IN THIS ARTICLE
Bondeholders
Farmers’ Loan and Trust Company
United States
Texas
Farmers Loan AN Trust Company
Denver Tramway Power bonds called for redemption May 18 1988
The Denver Tramway Power Company trustee announces redemption of specified first mortgage five percent gold bonds. Bonds listed include numbers 70 161 174 227 420 434 425 427 441 and many others. Interest stops after May 18 1988 coupons may be presented for payment at the Denver office on or after May 16 1988. International Trust Company vice president Smith signs.
MENTIONED IN THIS ARTICLE
Denver Tramway Power Company
Denver
Tai
TH International Trust
Thes G Smith
Foreign training drives stock market notes and new listings
Foreign houses traded about 20 000 shares as investors awaited a Stock Exchange holiday. The market was dull with gains in London and earlier selling in New York. several bonds and debentures were added to the exchange list including issues from New York New Haven Santa Fe and Mexican Central. Consolidated Gas declared a regular 1 percent quarterly dividend, new NYSE members were elected, and a lead pipe market emerged while a New York Air Brake bond issue drew strong subscriptions. A new brokerage firm Britten Marder Co formed with offices at 111 Broadway for general commission trading.
MENTIONED IN THIS ARTICLE
Britton, Marden & Co
General Commission
Charles P. Britton
New York Stock Exchange
Francis Skiddy Marden
Henry B. Britton
Llis- Imer
Bal Beamo
Amalgamated Coeste Eeees
America Locomotive
Tle
American Steel Foundry Pr
Atchison
Atlantic Oc
Baltimore & Ohio
Baltimore & Ohio P
Batopolis Mining
Bethlehem Steel
Brooklyn Rapid Transit
Canada Athern
Canadian Pacific
Chesapeake & Ohio
Pitts
Chicago & Alton
Chicago
Chicago & Northwestern
Chicago & Northwestern Pr
Sst
Chicago Union Tract
Louis
C & St. Iron
Colorado
Colorado Fuel & Iron Ae
Colorado Southern
Columbus & Hocking Coal
Corn Products
Corn
Comstock Tunnel
Delaware & Hudson
Denver & Rio Grande
Denver & Rio Grande Pr
Detroit United Railroad
Duluth, South Shore
Great Northern Pr
Great Northern
Illinois Central A
Interborough-Metropolitan
Interborough-Metropolitan Pr
Sottowa Central
Iowa Central
Kansas City
Lake Erie & Western
Lerenee
Louisville & Nashwi
Eeesee
Te ‘We
Marine Pr
Mackay Co
Eievated
Manhattan
Minneapolis & St. Louis
Socce
Missouri, Kansas & Texas
Ceveveree
Missouri Pacific
National Biscuit
Newhouse
New York
New York Central
New York Dock
New York & New
Ontario & Western
Norfolk & Western Wears
Peoria & Eastern
People’s Gas & Coke
C. & St. Louis
Pittsburg
Republic Iron & Steel
Rock Island
St. Louis
S. Realty & Improvement
United States
United States Rubber Pr
United States Steel
United States Steel Pr
Utah Copper Akeses Ae
Virginia Rolin
Virginia
Chemical Pr
Wabash Angen
Wabash Pr
Western Union Telegraph Bos Es Sla
Ts Westinghouse Manufacturing
Fils
Wheeling & Lake Erie
Wisconsin Central Pi
A“ S
Nag
Alaka Mines
Atlanta Goldfield
Blue Bell
Butte Coalition
Cobalt Central
Con Ariz
Cottonwood Creek
Cumberland-Elyv
Davis- Daly
Dolores Limited
Dominion Copper
el Rayo
bias d jain nae I( a 306|/Ely Con. 1,000), Foster Cobalt
Goldfield Cats
Greene-Cananea ' Se
Greene Gold
Greenwater
Exp & Mal Ste
Rts Sco
MecNinney-Darr
Miami Copper
Miemac Mines
Montgomery Mrt
Montshoshone
Nevada
Vada
Utah
Oorth Butte
LA North Star
Red Hill
Penn Wromire
Queen Itsy
Ry I
Tech
Stewart
Superior
Pits
Ile
Belmont I
Tayra Dev
I'nien Mines
Cloud M & M
Yukon Gold Mines
Teese
Pennsylvania
Union Pacific
Southern Pacific
Reading
London
Stock Exchange
New York, New Haven & Hartford Railroad Company
Atchison, Topeka & Santa Fe Railway Company
Wabash Railroad Company
Central Trust Company
Mexican Central Railway Company
Mercantile Trust Company
National Railroad Company of Mexico
Th Consolidated Gas Company
Walter Fitch
William Wadsworth
Henry P. Perry
William R. Metullough
Consolidated Stock Exchange
Starbuck
New York Air Brake Company
NEW Stock Exchange
New York Stock Exchinge
Mare II
Dominik & Dominik
Herry R Britten
Charles PL Gritten
Britten, Marder & Co
Broadway
Also Mentioned on This Page
Edward B. Smith Francis E. Bond
George W. Norris
Osborn W. Bright
Charles F. Bloomer
Epward B. Smith
Pine Street
Chestnut Street
Redmond A.o. High Grade Investment Securities
Ereemean A
Pine St
Ilinois Gentral Rights
Boucht and Sold
Schmidt & Gallatin Age
Ail Hee Aaa Ay
Micmac
Indian Valley Consolidated
U A
Ange Place
Hanover
New York City
Britton & Fiero
Raymond H. Fiero
Britton, Marden &Co
Ee N Stock Exchange
H. Webster CO
Jay Street
F. N. Lawrence
Amalgamated Copper Company
H. Melin
Wall Street
Be & Alrany
Cai & Hela M
Jreus v
Centennial
He Webbare F
Nynh&h
Franklin Min
Granby Fine
West End St Ry
Masson
Ececla
Quincy
Tamarack
Wolverine
Arcadian Misay Ze
Gore
Mess Gas Aily
Shannon
United Fruit
van Schatck & Co
Cotten
United Ratines
jMont Truss ” Palain
Taird Nor Tank
Fidelity & Ep
Maryland Trust Fe
Cveat
Corith
Ponds
Goon Immae
Tommy Aye
Secre
Are
Eyer & Co
SS &S
American Securities Abroad
Foreign Bank Returns
Nade
Evdo FM
Gran Hav Hockay
Nash
Pac
Tl SR & HK BS
Vandalia R
Money and Exchange
Toronto
Stewart & Lockwood
Exchange Place
Askra Buffalo
Peterson Lake
Obaalt Tent
Queen
Cobalt Lake St
Pop Watts
Foster New Tetmiskam Bu
Salagas
Tieen Meehan
Trethewey Kerr
the Farmers’ Loan and Trust Company
Outside Securities
Industrial
Openest
Am Tobacco
Bay State Gas
Ilinois
Consolidated Exchange Sales
Chess & Ohio
Gt West
Corsol Gas Vet
Fert Ag Dist Securities
K & Tex
Entral
Ist
Reuthern
Atlanta
al & Va
Diane
Jolefield
Goldfield
Oherman
Ing. T
Charles Ly Barney & Co
Read
South 4Th Street
Lehigh Val
Marsden
Cambria Steel
Tenn RR
Penn Steel Co
Fairmount
Phila Lee
Sit Lake Sup Corp
Nls Traction
Lehigh
Phila Elec
Phila Co
Rommittee
Mark T. Cox
Edgar L. Marston
John W. Hawer
W. Emlen Roosevelt
Henry K. Pomroy
American Bank Note Company
Broad and Beaver Streets
International Banking Corporation
National Bank of Commerce
cNaton Gilbert
Alllame Realty Ib
Lawyers Mrg
Ise
Surety
Astor Aa
Linevin New Stad Bankers
Mount Vernon
Mactattan
Browklyn
Metropolitan Ae
Mtge Bond Co Casco
Morton
Mutual
Love Century Realty
Etty
Columba A
Commercia
Trust
Guaranty
Rie Guardian
Casto
Hamilton
Bert
Home Trust
Stg&t
Hudson Realty Vie
van Nerden
Hudson
Intersherp
Westdieser
Kings County
Wetréem
Wwe
Knickerbocker
Winedser
Swartwout & Appenzellar
Lee
Hintsonm
Sarebruary
Penn KR
Stumms
Dee Southern Railway
S& O
U & Rubber
West
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