Year 1907 in Financial Markets a Panic Yet Safer
New York December 31 1907 a year of great financial strain and panic similar to 1857 1873 and 1893 but with banks and capitalists remaining steadier. Stock exchange activity fell from prior highs with 1907 shares traded at 195 169 192 far below 1906 and bond sales dropped to 561 651 500 dollars reflecting capital exhaustion and liquidity squeeze.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Securities Issues Drive Money Market Strain Preceding Crisis
The article outlines global securities issuance averaging 3.4 billion dollars annually through 1906 and U S stock and bond issuance totaling 1.83 billion in the first eleven months of 1907. It describes the silent panic of March 14 and the October collapse of the market, bank failures, and the shift to clearing house certificates.
MENTIONED IN THIS ARTICLE
Brussels
United States
Amalgamated Copper
Reading
Union Pacific
United Copper
Morse-Heinze
Clearing House
Knickerbocker Trust Company
Rons
Trust Company of America
Lincoln Trust Company
Death Toll at Monongah Mines Near 400
Two more bodies were recovered from the Monongah mines bringing the total recovered to 351. The death list is believed to total about 400, with many bodies unlikely to be found.
MENTIONED IN THIS ARTICLE
Fairmont
Monongah
Preacher and Heiress Found in San Francisco Flat
The Call publishes an interview claiming Rev. Jere Knode Cooke, former pastor of St. George's Hempstead, eloped with 17 year old heiress Floretta Whaley eight months ago. They and their child are said to be hidden at 1190 Green Street, while searches proceed. Cooke supports them by painting and doing manual labor.
MENTIONED IN THIS ARTICLE
San Francisco
The
Call
Jere Knode Cooke
St. George’s Church
Hempstead
S. 1
Floretta Whaley
Green Street
Dong
Los Angeles
J. Knode Cooke
Death summons Bishop Edward G. Andrews
Bishop Edward G. Andrews of the Methodist Episcopal Church has died at his Brooklyn home at age eighty two after a severe cold contracted during the church Bishops Conference in San Francisco last October. A general breakdown followed his illness.
MENTIONED IN THIS ARTICLE
New York
Edward G. Andrews
Methodist Episcopal Church
Brooklyn
Andrews
Home and Foreign Mission Boards
San Francisco
Casualty totals for 1907 disasters and accidents
New York reports 1907 annual casualty summary. Among 57,919 killed or injured in accidents, earthquakes and landslides caused 21,512 deaths and 3,092 injuries, mine disasters 3,086 dead and 2,721 injured, storms 4,291 deaths and 1,505 injured, railroad wrecks 811 dead and 2,689 injured, autos 228 dead and 704 injured, firearms 197 dead and 3,978 injured, vesels wrecks 2,269 dead and 492 drownings.
MENTIONED IN THIS ARTICLE
New York
the Tribune
Sugar Combine Faces Big Suit
New York December 30 The United States will sue the American Sugar Refining Company to recover more than three million dollars. The government alleges the sugar trust evaded duties since the Dingley tariff act using fraudulent scales at refinery docks.
MENTIONED IN THIS ARTICLE
New York
American St. . Refining Company
United States Department of Justice
Treasury
Sugar Trust
Woman Dies for Lack of Food in Brooklyn Home
In a top floor room at 304 Manhattan Avenue Captain Evans found Phoebe Prince dying of starvation with four malnourished children aged four, three, two, and seven months. The family had eaten their last crust on Christmas Day and had no coal or proper shelter. An ambulance and Children’s Society aid were called. Mrs Prince died at Eastern District Hospital a few hours later.
MENTIONED IN THIS ARTICLE
Brooklyn
N. Y
Captain Evans
Herbert Street
Manhattan Avenue
Phoebe Prince
Rose
Samuel
Kate
Angeline
Evans
Children’s Society
Eastern District Hospital
Five Men Die In Fog Collision Near Lenox Michigan
A Grand Trunk passenger train struck a double ender freight in dense fog at forty mph, half a mile north of Lenox. Five trainmen died, four instantly, one after three hours. A baby passenger was lightly hurt among mostly uninjured riders. Dead: Engineer Bennett, Engineer Bohowski, Fireman Boughner, Switchman W. G. Taylor, Fireman Albert McCall.
MENTIONED IN THIS ARTICLE
Detroit
Grand Trunk
Lenox
Mich
Bennett
Bohowski
Boughner
W. G. Taylor
Albert McCall
Port Huron
Not a Coffin Full of Lead
London readers learned that the leaden coffin plot failed as Thomas Charlies Cruce’s grave yielded a body, contradicting hopes that a lead coffin would prove George Hollanby Pruce’s claim to the Portland dukedom. Subscriptions from many poor supporters faltered after the discovery.
MENTIONED IN THIS ARTICLE
London
Popular
George Hollamby Pruce
Bomb Explodes at Italian Stock Exchange
An enormous explosion in the center of an Italian city struck the stock exchange area as a bomb caused liquidation fears. Eighteen people were wounded as screams echoed through the exchange amid reports of dynamite and a planned attack.
MENTIONED IN THIS ARTICLE
Bom
Stock Exchange
Ome
Italy
S Tock
Merchants Fight Mail Order Houses in Illinois
Illinois retail men unite to curb ped diers and mail order houses and oppose parcels post. The Affiliated Presidents and Secretaries of Dino's State Retail Commercial Organizations formed at a Great Northern hotel meeting to lead the campaign.
MENTIONED IN THIS ARTICLE
Chicago
Illinois
Dino
Great Northern Hotel
Cleveland Manufacturers Plan January Work Resumption
Cleveland factories edge toward reopening with up to 10 000 former workers returning in January. The American Shipbuilding Company anticipates resuming operations, targeting about 5 000 hires as steel mill shutdowns ease. Smaller plants also expect to restart, signaling a broad industrial rebound.
MENTIONED IN THIS ARTICLE
Cleveland
American Shipbuilding Company
Tempo Joy
Ption
Busl
New York Onion Auction Brings Little Duty Revenue
Onions seized by the customs house were auctioned off. 4 473 boxes of Spanish onions from the steamer Erika failed to pay 880 in duty. Bids ranged from 11 to 13 cents per bushel against typical 50 cents to 1 10. Total realized 199 70, barely over half the duty.
MENTIONED IN THIS ARTICLE
New York
Customs House
Consignees
Five of Clark Family Die in Watertown Fire
A Watertown, suburb of Boston, house of John Clark burned early today. All five family members perished in the blaze including John Clark, his wife, and their three children John eleven Philip nine and Doris two.
MENTIONED IN THIS ARTICLE
Boston
John Clark
Watertown
Clark
John
Philip
Doris
Prominent Nebraskan Kills Himself in Lincoln Office
Thomas Worrall a noted political figure and whistleblower against the grain trust died by suicide in his Lincoln office. The body was found at his desk or office door in the late afternoon.
MENTIONED IN THIS ARTICLE
Lincoln, Neb
Thomas Worrall
Manr
Eclipse of the Sun Coming
An eclipse of the sun will occur on January 3 and be partly visible in the southern United States and along the western coast of North America. Washington,
MENTIONED IN THIS ARTICLE
United States
North America
Washington
Small Texas woman credits 30 day kidney remedy
Mrs Joe King of Woodland Texas writes that four years of kidney trouble ended after trying a 30 days treatment of minules for one dollar. She says one bottle cured her and that money cannot buy its value. Guaranteed. Sold by A Gamble.
MENTIONED IN THIS ARTICLE
Joe King
Woodland
Texas
A. Gamble
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Cottag
Quade
Gamrath
Meat Market
Lnc
Story County Abstract Books
Nevada
ED. Miller
Haverly
AMES
World
Mev
Bishop Andrews
Sugar Combine
Michigans
Scott
L. Munn Lumber CO
Irae Od
Judisch Bros
Talking
Emporium OF Music
Talking Machines
Steinwey
Victor
Ae Posegate
Iowa
Ted
Lewis
Catn
U. MS Osborn