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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
May 09, 1908
Page
4
A brief financial bulletin notes several leading banks including National Park Bank First National Bank Mechanics National Bank and Bank of America appearing in early market listings and sector summaries without further detail.
A compilation of earnings and mileage figures for multiple railroads including Alabama Great Southern Cincinnati New Orleans & Texas Chicago Great Western Hidalgo Northeast Missouri Pacific and others. Reports show gross earnings for fourth week in April and totals from July 1 to April 30, with accompanying operating expenses and net earnings.
The ledger lists daily cobalt bids and asks across Canadian centers with firms including Stewart and Lockwood at Exchange Place. Prices show varied bids from 22 to 150 per unit alongside regional notes from Temiskaming and Nipissing to Nova Scotia and Petroena.
The market showed activity with higher trading and notable gains for the day. Investors watched shares and indices move, with several listings comparing to the prior year and the same period in 1907.
The stock market recovered from Thursday weakness and rose throughout the day with Reading leading to a new year high of 11453, up about 3 percent. Lackawanna, coalers, and bond prices also advanced as investors welcomed the government crop report and signs of improving conditions.
London trading shows steady demand for U S securities with final prices listed for major issues including Anaconda Atchison Canadian Pacific and United States Steel. Foreign money rates show Call money in London at 1? to 2? percent, Berlin and Paris discount and exchange rates cited, with British and French securities quotes included.
Imports and marketings of dry goods show totals this week of 1,729,394 dollars and 4188 pounds, compared with 1,715,452 dollars and 2 8ed last year. The figures reflect week to week and year over year changes in imports and marketing activity across the sector.
The bond market summary shows diverse offerings with notable totals and yields. Active access includes Japanese and American issues, with government and corporate bonds from firms like Penn Convt, Reading Gen, and Union Pac. Total bond sales reach 7.139 million, reflecting varied maturities and credit profiles across the spectrum.
Yesterday's government bond quotes show slight changes from Thursday May 7. Registered US 2s due 1980 sit around 14 1 2 percent while other issues such as US 3s small bondeds trade near 119 1 2 percent. canal 3a and other registered coupons quote in modest ranges.
Last actual sales and closing bids shown for stocks with no transactions yesterday on the New York Stock Exchange. Listings include Adams Ex, Am Can, Am Dist, Lake Shore, Long Island, Am Malt, Nat B Text, NYC STL, N Y Dock, Erie, G T & P, Union Pacific, and many others with last sales and closing bid quotes, reflecting inactivity and varied pref and common shares.
Money on call opened at 1 percent, with a high of 2 percent and a close at 1 percent. Time money unchanged as supply exceeded demand. Rates for sixty to ninety days ranged 2 1 4 to 3 percent, up to over a year. Mercantile paper offered freely with fair demand. Foreign exchange opened steady. cables around 4.87, demand sterling near 4.87, long discounts firmer. Bills scarce, remittance demand active, gold export level eyed. Bank rates list several international currencies, domestic exchanges noted in major cities. Government receipts show day, month, and year totals, with ongoing excess expenditures and sub-treasury debtor to Clearing House.
Market for outside securities advanced in several mining issues on good buying with sharp reactions in some cases. Yukon Gold Nevada Utah Nevada Consolidated and Goldfield Consolidated led gains while Butte Coalition United Copper and Tonopan Mining declined on selling. Copper Central Furnace Creek active in narrow limits. Miami edged up small fraction. Specialties quiet. Bonds dull but steady.
The report covers foreign trading with about 19,099 shares sold in London accounts and mixed movements in American stocks. Copper prices drop on the New York Metal Exchange while demand improves with exports rising and wire purchases for line renewals. Currency shifts show bank cash gains and interior transfers. Denver hosts the American Bankers Association convention in late September. New Cotton Exchange members join, and grain exports for the week rise, with totals compared to prior periods.
Boston stock listings furnished by Ro L. Day and Company at 37 Wall Street detail market activity. The report enumerates prices, fluctuations, and notable movers among common and preferred shares.
A garbled OCR snippet lists brands such as American Can and National Biscuit, with scattered phrases like preferred, need for a telephone, and references to Diamond Match and Illinois entities. No coherent event or narrative emerges beyond disparate product mentions.
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