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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Oct 01, 1908
Page
13
Total sales for the day were 366 68 shares, versus 448 235 for the corresponding period. For January to September 3 inclusive, 134 592 987 shares traded, compared with the same day in 19 and 154 780 732 shares for the period in 1907.
Stockholders of American Spirits Manufacturing Company are notified of the annual meeting to elect directors and conduct other proper business. The meeting will be held at Yelock F M on Thursday October 15 1908 at the company's office No 27 William Street New York City. Transfer books for common and preferred stock close at 3 o clock September 30 1908 and reopen October 16 1908. ARD C CARD
The Iron Age reports little market movement as buyers and sellers wait on election results. Notable activity includes 24 000 tons of cast iron pipe for Cienfuegos Water Works Cuba and 5 000 tons more to follow, plus 16 095 tons to Algoma Steel and 28 9960 tons to Dominion Iron and Steel. Domestic markets show mixed firmness and slow new business with large orders for prompt delivery. The Iron Trade Review notes September slow progress with no major shifts expected until after the election.
A fragmented OCR item lists various government securities and bonds with odd spellings and currency markers. Mentions include Munich, Vienna, Augsburg, and references to Hesrian and DUK, with figures like 40 98 and 4s. The text is incomplete and cryptic, offering minimal clear facts or context.
Wall Street held firm with small trading ranges and higher quotes led by Amalgamated Copper American Smelting Baltimore and Ohio Reading Rock Island preferred Colorado and Southern and Union Pacific. Analysts see no panic over November election while Taft is favored. call money at 1 to 2 percent and Chicago banks supply Western needs as Canada and Russia issue bonds influence sentiment. Rail earnings for the third week of September show a 4 percent drop, better than prior weeks, hinting at gradual industrial revival.
London prices show firm and higher values for American securities as of 4 p.m. Rates include Can money at 4 1/2 percent, discount marks for short and long bills, and Berlin and Paris discount figures. Paris exchange and Berlin exchange against London are noted with franc and mark quotes. British consols at 4 1/2 percent, French rentes at 4 francs 12 centimes.
Bond market activity shows thousands of units traded across numerous issues including Japanese 4s, U S and Cuban references, and several 4s and 5s from major lines. Prices range around 70s to 110s with varied yields and large totals in hundreds of thousands. notable names include Union Pacific, New York Central, Reading, Erie, and various regional bonds.
Money on call opened at 1 percent with high 2 and last loan 1 percent. Time money steady though longer periods firmer Tuesday. six months easier. Demand for over‑the‑year money nominal. Mercantile paper active. rates 4 percent sixty to ninety days, 4 4? percent four to six months. Foreign exchange opened steady steady rates around 4.60 to 4.86 with dull market. Domestic exchange mixed. bank clearings show New York Chicago and Philadelphia figures. Silver and gold prices noted. Mexican exchange and government receipts listed. Sub‑Treasury debtor to Clearing House.
Last actual sales and closing quotations listed for securities with no transactions yesterday on the New York Stock Exchange. The list includes Adams Ex, Am A C of vl Uy, Am Can, Am Lin pf, Am Malt pf, Beth Steel, and many others with bid and ask figures and prior closings, reflecting a dormant trading day across diverse industries and issuers.
Market for outside securities remained quiet except for about six mining stocks showing renewed activity likely for inside accounts. General tone steady with small gains, specialties largely neglected. Standard Oil up one, Bay State Gas down, La Rose Consolidated strong on heavy dealing, new high. Butte Coalitions firm, Cobalt Central active but irregular. Consolidated Arizona Smelting down, North Butte Extension heavy, light bond inquiry. American Agricultural Chemical shares off. Industrial section notes cents per share.
Collateral trust notes maturing on HOS 22 furnished by Swartwout and Appenzellar of 44 Pine Street. The compact notice provides the lender names and the instrument type for the security arrangement.
Yesterday's government bond quotations show declines from Tuesday, with yields and prices drifting amid market uncertainty. Details on specific maturities or issuers are not provided in the fragment.
Bowling Green Trust Co. at 26 Broadway, New York lists officers including Armstron, Brainard, Bronner, Brown, Clowry, Converse, Cromwell, Costello, Dedge, Goepel, Gould, Hilton, Jeffery, Pierce, Plant, Ramsay, Schenck, Taylor, Truesdell and Young. Also repeated address appears.
Foreign trading dominated by London and copper stocks with a firm tone. Erie coupons and several company dividends announced for October payments. Pennsylvania earnings show August declines. stock exchange seats fall. bank clearings drop sharply from last year. International Paper and Distillers Securities declare reduced or steady dividends. Gold shipments to Canada noted.
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