Taft Letter Fails to Upset Markets Amid Roosevelt Contrast
The acceptance letter for Taft outlined regulatory aims akin to Roosevelt with emphasis on railroad valuation and tariff revision. Wall Street reacted calmly as Roosevelt’s recent actions against Standard Oil and freight-rate moves tempered sentiment, while Morgan-Harriman talks and Gould property financing hint at cautious optimism in rail and steel.
MENTIONED IN THIS ARTICLE
Taft
Republican Party
Roosevelt
Wall Street
Landis
Steel trade shows mixed iron and steel price moves
In Pittsburg on August 2 reports show pig iron prices softening while large furnaces push to hold values. Bessemer at 15 to 15.25 in spots. 300 tons sold at 15.50 and another at a record low near 15.55. Foundry iron declines with No. 2 as low as 14.50. Major deal: 8,000 tons for Standard Sanitary Mfg Co for Sept-Oct delivery across Southern, Virginia, and valley iron. Mills operate near full capacity with Carnegie, Homestead, Duquesne, Clairton, Edgar Thomson plants at varying runs.
MENTIONED IN THIS ARTICLE
New York Times
Pittsburg
Bessemer
Valley
Standard Sanitary Manufacturing Company
Southern Iron
Louisville
Virginia Iron
Valley Iron
Allegheny
Penn
New Brighton
Valley Furnaces
Birmingham
Mahoning
Shenango
Carnegie Steel Company
Toore
Homestead
Duquesne
Clairton
Edgar Thomson
Ohio Works
Youngstown
Pithe Republic -Iron’ and Steel Company
Bessemer Steel
Ferryboat West Point Breaks Down in Hudson Towing Delay
The West Point ferryboat left Desbrosses Street at 1:30 P.M. heading to Weehawken when its steam steering gear failed and it became unmanageable. Tugs towed it to its slip, causing about a half hour delay. trains were held for passengers, and the superintendent said it would run today.
MENTIONED IN THIS ARTICLE
West Point
West Shore Railroad
Desbrosses Street
Weehawken
New York Central
Bond offering and corporate reorganization details in New York
A committee led by Douglas Robinson formulates the reorganization of Virginia and Richmond transit companies. Security holders must deposit certificates with Bowling Green Trust Company to obtain copies of the plan before Sept. Redmond Harris and Moffat & White offer 4.5 million tax exempt 4 percent Manhattan Railway bonds at 96 1 4, part of a 10.818 million bond issue to retire maturing first mortgage bonds. Bonds are tax exempt in New York and eligible for savings banks and trusts.
MENTIONED IN THIS ARTICLE
Virginia Passenger and Power Company
Richmond Passenger and Power Company
Richmond Traction Company
Douglas Robinson
New York
Frank J. Gould
Charles S. Whelen
Percy M. Chandler
Philadelphia
R. Lancaster Williams
Baltimore
Fritz Sitterding
Richmond
John J. Dickinson, Jr
Bowling Green Trust Company
Redmond & Co
N. W. Harris & Co
Moffat & White
Manhattan Railway Company Consolidated
New First
Manhattan Railway Co. Consolidated
First
Manhattan Railway Co
Manhattan
Bronx
New York City
New York Elevated Railroad
Markets Across Europe Rally on Confidence and Hope
European markets show ongoing upward drift with renewed confidence and signs of revival in iron and steel after the American Steel Trust report. Turkey's loan wobble and Grey and Lloyd George speeches affect sentiment while American stocks edge higher on Harriman Gould talks. Mining reacts to the Esperanza by Boomlet with cautious interest.
MENTIONED IN THIS ARTICLE
New York Times
Berlin
American Steel Trust
Edward Grey
Lloyd George
Turkey
Boomlet
London shares lift mood after flat week on Exchange
A cheerful mood returned to the London Stock Exchange this week as speculative business was sparse. Consols gained from their prior depreciation as bulls attempted to liquidate holdings, supporting a partial recovery.
MENTIONED IN THIS ARTICLE
NEW York Times
London
The
Stock Exchange
Railroads push 10 percent freight rate rise in arbitration
W C Brown of New York Central argues railroads need a modest rate increase to cover rising costs. Manufacturers associations dispute and prepare evidence for the arbitration committee as shippers and railroads gather statistics on costs, wages, and earnings.
MENTIONED IN THIS ARTICLE
W. C. Brown
New York Central
Joint Arbitration Committee
Manufacturers’ Association of New York
Manufacturers’ Association of Hiinors
Chicago
Ralroads
Brown
Manufacturers’ Association
Leather Belting Manufacturers’ Association
Paris Bourse Uneasy Amid Strikes and Turkish Tensions
The Paris market opened firm but weakened over the week due to Turkish and Macedonian tensions, strikes in Paris, and the absence of the French president. Despite the dip, confidence remained fairly steady overall.
MENTIONED IN THIS ARTICLE
Paris
NEW York Times
Turkey
Macedonia
Copper Gossip Signals Robust Boston Market And Active Lode Search
In Boston the copper market shows a boom with strong stock activity and rising metal demand. Drilling and exploration proceed across Michigan, Adventure, Mass Consolidated, Lake, Minnesota, and Indiana properties as new shafts and lodes are pursued, while Quirky and Superior and Boston report steady production and expanding ore bodies.
MENTIONED IN THIS ARTICLE
New York Times
Boston
Michigan
Lake Lode
Adventure
Mass Consolidated
No. 5
Masa
Minnesota
Lake
Lake Company
Indiana
Stantons
Pontiac
Isle Royale
Dragoon
Arizona
Calumet and Arizona Company
Bond
Superior
Great Eastern
Briggs
Junction
Pittsburg
Montana
Ely
New York
Greene-Cananeéa
Also Mentioned on This Page
New York Stock Exchange
Spencer Trask & Co
William and Pine Streets, New York
Wall ST
BLAIR@CO
Ag Broad ST
Travelers Letters of Credit
Bertron, Storrs
Griscom
Wall Recat
Bankers, Land Title Building
Henry Clews & Co., Neers. It
Broad ST
N. Y. Stock Exchange
N. W. Halsey & CO
Walkers York
Gracies
San Francisco
Kountze
Broadway
Fisk & Robinson
United States Bonds Investment Securities
Moston Wew
York
Phil
Reading Ay
Farson, Son & Co
Pine St
J. F. Pierson, Jr., & Co
Broadway New York
SUR
Mr. Taft
Gould
Wheeling & Lake Erie
Morgan-Harriman
Dakotas
Steel Corporation
Canada
Sub- Treasury
Financial’ Notes
the Markets OF
Europe
Berlin Boerse
London Exchange
Thomas Gibson
Corn Exchange Bank
Boston Copper Gossip
Edward B. Smith
Francis E. Bond
George W. Norris
Osborn W. Bright
Charles F. Bloomer
Epward
Pine Street
Chestnut Street
Potter, Choate & Prentice
Nesw York
lHianover Bank Building
Nassau Bank
Nassau and Beekman
William P. Bonbright & Coo. Bankers
George St. Mansion House
E. C
Colorado Springs
Colorado
Dominick & Dominick
N. Y
United Bank Note Corporation
SCRIP
CAS
Chas H. Jones & CO
Broad Street
Rector
Cabie “Orientment
WIL & Bay
Hall
Creek Central
American Brass
Willard & CO
Securitie
Hanover
Cen Keen & Ward
N. ¥. Stock Exchange
Swartwout & Appenzellar Bankers
John
N. Z
Consolidated
Mortgate
State of
Com . Ipany
Nassau Street
Pinie Street
Pine & William Streets
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!