Securities Values Edge Lower Amid Volume Slump
Total sales for the day reach 789,259 shares, down from 506,364 in the prior period. From January 1 to September 15, volume totals 124,695,801 shares versus 149,? million in the previous year.
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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Sep 16, 1908
Page
4
Total sales for the day reach 789,259 shares, down from 506,364 in the prior period. From January 1 to September 15, volume totals 124,695,801 shares versus 149,? million in the previous year.
A historical listing of collateral trust notes with maturities from 1906 to 1912 issued by Swertwout & Appenzellar at 44 Pine Street. The table shows approximate names, bid status, asked yields, and percent ownership for numerous companies including Am Cigar Co, Am Te & Te, Coast Line, Consol Gas Co, Interboro Hap Tr, Kansas City Ry, and others along with dates such as March 1910 February 1912 and July 1912.
Stock trading saw aggressive selling and lower close driven by manipulation rumors around Harriman led rail names such as Reading and Union Pacific. Market weakness intensified as speculative chatter faded and Maine election results influenced sentiment. Colorado Southern stood out with anticipated dividends and money moving to New Orleans amid large cotton crop funding.
Summary not readable. The fragment mentions 1906 figures and a weekly period ending September 15 with large monetary sums and numbers, but the context is unclear. Entities include a year 1906 and figures like 9,509,586 and 12,158,653.
The article lists numerous bond issues across corporations and governments with totals and percentages. It notes a grand total of 3,082,500 in bond sales and references multiple issuers including utilities and railroads across regions.
London call money at 5 percent with short bills at 1 3 4 to 1 9 16 percent and long bills at 14 40 to 19 16 percent Berlin discount 2 percent Paris discount 1 13 16 percent Paris on London 25 francs 12 1 2 percent German marks 20 49 pfennigs. Bar gold 77s 10d. British consols for money 85 to 85 9 11 percent for the account 85 percent. French rentes 96 francs 77 1 2 centimes.
Government bond quotes for yesterday show a mixed picture vs Monday. Key yields moved modestly across maturities while trading remained cautious ahead of fresh economic data and policy signals.
Last closing prices show no transactions yesterday on the New York Stock Exchange. The sheet lists closing bids and asked prices for numerous securities across industries, including Adams Ex, Allis-Chalmers, Am Can, Am Tel, Bethlehem Steel, NY Dock, Sears Roebuck, US Rubber, Westinghouse Electric, and other common and preferred issues with varying bid and ask levels.
Money on call opened at 1 percent with highs at 2 percent and closing near 14 percent. Sixty and ninety day loans ranged up to 3 percent with industrial loans higher. Mercantile paper demand fair with high grade names. Foreign exchange steady with cables and demand sterling quoted. London bullion and francs noted. Bank rates, domestic exchanges, and government receipts detailed. Sub-Treasury reports a deficit against clearinghouse balance.
Market listings show bid and ask figures for cobalt across several mines and dealers in Toronto. Notable entries include Buffalo and Nipissing with varied prices, and multiple firms such as Green-Meehan and Trethewey quoted with differing bids and asks.
Investors in outside securities see irregular activity with pockets of firmness followed by profit taking. Late afternoon trading turns steadier on inquiries in key issues as mining stocks show mixed gains and several names move on increased activity.
Market notes show bid and ask quotes for Brooklyn Ferry and related securities. Entries list price levels such as 34 and 36 with references to tenth and Bet Street. Observed terms include cons, Ge, and NY exchanges with brief 5s bids.
The report covers regular quarterly dividends from Van Norden Trust and others, pig iron output outpacing stocks, Westinghouse Electric’s improving business and rising small shareholders, stock exchange listing applications for rail and Illinois Central, copper prices down on a weak market, New Orleans currency support, and October interest obligations totaling about 14 million dollars.
Foreign houses sold over 20 000 shares in the local market including Reading Erie and United States Steel common. London market was inactive and heavy while American stocks weakened on the curb. Call money was easy in Britain with short paper around 17 to 16 percent. Central of Georgia bondholders organize a protective committee led by R Walter Levy Coppell Scott Walter Gardner to protest and seek action. Standard Oil cuts refined petroleum to 8 50 cents in New York and 8 4 cents in Philadelphia with export oil price reductions as well. Dividends declared.
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