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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Sep 22, 1908
Page
13
The Minneapolis St Paul and Sault Sainte Marie Railway announces a semiannual dividend of 2 1/2 percent on preferred stock and a 3 cent semiannual dividend on common stock for 1907, payable October 15 to stockholders. Secretary Charles F. Clement and President Thomas Lowry sign the notice dated August 24, 1906.
MINES COMPANY OF AMERICA declares a 2 percent monthly dividend payable Sept 21 1905 to stockholders of record Sept 16 1905. Transfer books close Sept 18 1905 and reopen Sept 26 1905. J D Tooker secretary. New York Central and Hudson River declares 1 1/4 percent dividend payable Oct 15 1908 to stockholders of record Sept 22 1908. Edward L Rossiter treasurer. Mechanics National Bank declares quarterly 3 percent dividend payable Oct 1 1908 to stockholders of record Sept 1 1908. Frank Roe cashier.
Foreign money market rates show London call money at 4 percent, short bills at 14 1/2 percent, long bills at 17 1/2 percent. Berlin discount 5 1/2 percent, Paris 1 1/2 percent, Paris exchange London 2 francs 12 centimes, Berlin exchange on London 3 marks 3 pfennigs. Bargold 10d. Foreign securities list British consols at 5 6 percent, French rentes at 5 francs 824 centimes.
A brief note indicates yesterday's closing quota for meat bonds differed from Saturday's figures, outlining changes in governing conditions and the ongoing adjustment in daily allocations for meat bonds.
Fragmentary OCR text lists figures and percentages with scattered month names and identifiers. No clear event or entities emerge beyond financial figures like percent rates and dates such as November and Mov. The readable portions hint at a dated financial ledger or stock note with multiple percentages and abbreviations.
Fragmented OCR notes list various government securities with bids and asks including German Bavarian Hessian and Mexican issues. Mentions Cologne Munich Berlin and auction like entries with small numeric values and percentages.
Daily market listing from Neath & Lockwood shows bid and asked quotes for cobalt in Toronto with multiple firm names and price points. Entries include McKinley-Dar, City of Cobalt, Nova Beatia, Crown Reserve, and Silver Queen among others, with varied bids and asks and stock references. The page records fluctuating values and assorted lots across several stock names and locations.
The report shows a vast drop in securities values with 1,091,044 shares traded today versus 393,719 yesterday. For the year to September 21 inclusive the total trades reached 128,882,709 shares against 151,282,085 in the same period of 1907.
Stocks fell across the board amid five hours of trading with heavy losses in active issues in the last hour. Investors held, while banks showed reluctance to support prices as election uncertainties and Bryan fears fueled a cautious mood. The market slump was driven by technical factors and weak speculative selling, with heavy liquidation by some traders but strong holders and investors stepping in to buy at lower levels.
The page lists bond sales across numerous issues including Japanese government bonds, Cuban issues, American Telephone and Telegraph Court bonds, and various railway and utility debentures. Notable tallies show totals such as $3,622,500 in total bond sales, with prices and yields ranging around 100% to 110% for many items.
A dense OCR list shows bid and asked prices for dozens of stocks and bonds. Entries cover rail lines such as Am Tel & Cable, Erie Kalamazoo, North Penn, Lehigh Valley, and Southwestern lines, plus numerous mining and metal firms like Cal & Hecla, Granby Min, Cambria Steel, and Mohawk Min. Also included are Baltimore and Philadelphia market items with references to city listings and various trusts and preferred shares.
Last actual sale and closing quotations show no trades yesterday on the New York Stock Exchange. The listing includes numerous issues with last sale, bid, and asked figures, noting several issues at continuous price levels and prefixes, with many entries showing no activity.
Money on call opened at 1 percent with highs to 1.44 percent and closes near 1.1 percent. Time money steady. several December 31 loans at 3 percent. Rates for 60 to 270 days quoted, mercantile paper active out of town. Foreign exchange opened steady. cables around 4.8655 to 4.8660, demand sterling near 4.864. Bank clearings show New York and Chicago gains. domestic exchange by city. Silver and gold premiums noted. Mexican exchange at 2.01 percent. Government receipts and sub-treasury activity recorded with daily and month-to-date totals.
L Darby Shire of Rochester Minnesota invites inquiries about good mining or other stock for sale. A safe profitable investment is sought with no wildcat fakes. Return responses to Box 1810 Rochester N.
General weakness marked the market with outside securities drifting lower and speculation extremely light. A few active issues showed brief animation while most changes were small fractions. Standard Milling advanced while Standard Oil fell ten points on reports of government action.
Foreign houses traded in the local market with more sales than purchases by about 6 000 shares. London holdings returned to the Street while London markets showed weakness in consols and foreign gov ernment bonds. San Francisco bonds sold briskly to a syndicate led by N W Harris Co E H Rollins Sons and A B Leach Co raising 3 250 000 at 5 per cent. Dividends declared include Manning Maxwell Moore National Bank of Rochester Cincinnati Railway Texas Pacific Coal American Woollen. Clearing House credit and pension payments affected bank positions. Pullman earnings exceed required payouts. annual stockholders meeting November 11 in Chicago. Copper prices cut another half a cent across all grades.
A fragment from a financial page lists various stocks and dividends. Names include American Can pref, Illinois Brick, National Biscuit, and Metropolitan, with references to ex-dividend rates and percentages. The scattered text also mentions Peoples, KC Ry & Light, and Swit & Co, reflecting a ticker-like summary of preferred shares and ex-dividend details.
Auctioneer Andrew J McCccormack lists a regular sale by Adrian H Muller & Son at 53 William Street on Wednesday Sept 23 1908 at 12 30 pm in Exchange Salesroom Nos 14 and 16 Vesey Street. The catalog includes numerous stocks bonds notes and trust company holdings from Ridgefield Conn to Brooklyn and beyond with items from Texas Land Syndicate to Mexican Sugar Refining Company and many railroad and utility securities.
The regular annual meeting of stockholders and debenture mortgage bondholders of The Wabash Railroad Company will be held October 13, 1908, at 9:00 A M in Toledo Ohio to elect Directors and conduct other legal business. Books close September 12 and reopen October 14. F A Delano president J C Otteson secretary. Axmanl Meeting Notice The Atlantic Coast Steamship Company annual meeting will be held October 7, 1908 at 12 noon in Wall Street New York NY for election of Directors and other business. H C Hyde secretary.
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