Securities Values Generally Firm
Total sales for the day 570,441 shares. Compared with 530,901 shares for the prior period. Elusive 117,682,080 shares, 24 percent sharp. The company reported shares traded, 142,144,345 for the same period in 1907.
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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Sep 02, 1908
Page
13
Total sales for the day 570,441 shares. Compared with 530,901 shares for the prior period. Elusive 117,682,080 shares, 24 percent sharp. The company reported shares traded, 142,144,345 for the same period in 1907.
Money on call opened at 1 percent, with highs near 14 percent and a 1 percent ruling rate. Time money remained unchanged amid moderate demand. Domestic and mercantile paper show varied rates, with sterling and other foreign exchange advancing slightly on a steady market. Bank clearings list New York, Chicago, Boston, and Philadelphia figures. silver and gold prices noted. government receipts and Sub Treasury position reported.
The stock market shows a Harriman driven undertone with Southern Pacific hitting new highs and Erie supported by Harriman’s personal interest. Reading stays above 130 while bonds rise and money loosens. The Pennsylvania Railroad July results flag a mixed outlook. net earnings fall, yet overall transport activity remains strong amid higher maintenance outlays.
Readable fragments show multiple regional and city bids with varied percentages. Mentions include Hess and Saxony states, City of Col, City of Mun, City of Augs, City of FM, and City of View along with Mexican government gold percentage indicators.
The London market showed irregular and quiet activity for American securities with quotes noting ex dividend. Foreign money rates include call money at 7 percent and short bills at 17-16 1 percent, long bills 14-19-16 percent, Berlin 24 percent, Paris 14 percent, and currency exchange figures. British consols at 85-16 for money, French rentes at 367-16, and Paris exchange at 25 francs 12 centimes.
Yesterday's government bond quotations are listed, showing a comparison with Monday's closing figures. The table reflects yields and price changes across various maturities for reference and market context.
Closing stock figures for Chicago show varied performance across multiple companies. Notable items include Commonwealth Edison and Quaker Oats with midrange percentages, along with Boxboard Swift & Co. Diamond Match and National Bluet displaying lower or fluctuating values amid a broad market snapshot.
Last actual sales and closing quotations show no trades on the New York Stock Exchange. The list names numerous issues with last bid and asked prices, including Adams Ex, Allis-Chalmers, Marine, Mackay pf, Am Coal, Manhat, Am Exp, Mich Cent, and many others, with many pref shares and prices cited for reference. The report catalogs closing quotes and bid-ask ranges for a broad spectrum of stocks and preferreds.
Foreign houses sold about 15 990 shares in the local market led by United States Steel. The London market was dull, with the German notes to be renewed as three year bonds paying 4 percent. Dun reports August commercial failures at 1 199 with 23 782 378 liabilities, a rise from last year, driven by large defaults in speculation and milling but with manufacturing losses lower after removing two major failures. Banks suspended two small banks. Industrial notes discuss preferred stock reserves, Erie coupons, and steel industry gains with modest demand and high capacity usage.
New York Central debenture syndicate dissolved confirmed by J P Morgan & Co. Copper prices drift with 200 pounds sold for October delivery at 120 cents a pound. Dividends declared by American Beet Sugar Celluloid Chicago Junction Railways and Union Stock Yards with payments October 1.
The market for outside securities opened with firmness in early trading before selling pressure trimmed gains. Notable moves included Consolidated Arizona Smelting up about 15 cents, Nipissing rising, First National Copper near a point higher, and Standard Milling shares advancing sharply while Bay State Gas edged down slightly. Bond demand improved as Tidewater notes rose modestly and Allis-Chalmers and Standard Milling posted notable percentage gains.
Public notice from the Department of Finance Bureau for the Collection of Taxes instructs taxpayers in New York to submit written requisitions for tax bills, stating property by section block and lot. Requisitions should be mailed to the Deputy Receiver of Taxes in the property’s borough with proper envelopes and return postage prepaid.
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