Financial Meetings. Lake Erie & Western Railroad Co.
Transfer books close at 3 PM on Tuesday September 8 1908 for the annual stockholders meeting on October 7. books reopen October 7 1905. Charles F. Cox treasurer.
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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Sep 05, 1908
Page
4
Transfer books close at 3 PM on Tuesday September 8 1908 for the annual stockholders meeting on October 7. books reopen October 7 1905. Charles F. Cox treasurer.
Dun's Review notes a steady fall in idle machinery and freight cars boosts wage shares and retail trade. Cotton mills cut output while other industries rise. August rail earnings fall 12.5 percent year over year. foreign exports show gains and imports drop. Consumers cautious until political outlook clears and autumn crops harvest.
Varied railroad earnings figures shown for numerous lines including Iowa Central, Alabama Great Southern, Cincinnati New Orleans & Texas Pacific, and Minnesota routes. Totals cover period July 1 to Aug 31 and fourth weeks in August with net earnings and operating data, highlighting several six to seven figure sums and diverse mileages.
Securities prices moved higher with totals for the period showing 493,845 shares traded for the day versus 724,758 a year earlier. The year to date figures reach 119,538,372 shares compared with 148,961,745 shares for the same period in 1907.
Opening trading shows gains across multiple issues led by American Smelting and Harriman shares. Banks report solid positions amid harvest demand, with gold imports and Panama bond issuance likely after the election, suggesting gradual business improvement and strong bank liquidity.
A dense listing of bond prices and yields across U S and international issues. Includes Mexican Cent Con, K & T, Japanese, Alb & Susq, Am H & L, Muss etc with varied coupons and maturities and a final note: Total sales of bonds caaicaee 92.
Listed are last actual sales and closing quotations for stocks with no transactions on the New York Stock Exchange yesterday. The data shows bid and asked prices across many issues including Adams Express Manhatten Elevated Marine Am Coal, New York Central, Illinois Central, Union Pacific, and numerous preferred stocks with varied bid and ask levels for the prior day.
Yesterday's bond quotations show U S Government issues including 2s registered 1930 2s coupon 1930 and 3s small bonds with bids and asks, alongside 4s registered 1025 and 4s coupon 1925. Panama 4s registered 1% 102% 108 shows regional notes.
London reports a weak opening that turned stronger by close. Notable quotes list U S equities including St Paul Illinois Central New York Central Pennsylvania Reading and Southern, with mixed gains. Foreign money and securities show Berlin Paris and British and French government bonds with small shifts.
Money on call opened at 1 percent with highs of 14 percent and last loans at 1 percent. Time money quiet with rates from 1 to 3 percent for various terms. Foreign exchange active and higher with sterling gains and quote details for bills, cables, and short francs. Bank clearings and government receipts listed with daily and year figures.
In outside securities trading the market was brisk with mid day support for mining stocks lifting several names. Yukon Gold rose on purchases while Nevada Consolidated and Cumberland-Ely posted fractional gains. Davis-Daly slipped and United Copper fell as some issues showed heaviness amid uneven activity.
J P Morgan announces he will continue to purchase at par bonds due September 1st 1908 from New York and Erie Railroad Company Erie Railway Company New Consolidated Mortgages and related lines. The notice lists several 7 percent bonds and prior lien bonds under various railroad entities.
Foreign houses traded 10 909 shares in the local market with gains and losses across sectors. Copper prices stay firm with lake at 113 1 3 to 14c and electrolytic 13 1 2 to 13 3 4c. producers hold at 14c as buyers wait. Grain exports for the week total 5 396 026 bushels with year to date 232 694 2377. Sterling rises on strong cable buying while U S Steel weighs on dividends.
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