Market gains lift European and Seaboard notes
Financial markets rally on improved money conditions in Europe and U S. responses. Seaboard Air Line receivership alarm eases as rail risk recedes. United States inland banks release funds boosting time money rates and clearing house reserves. Paris Bourse recovers aided by lower England rate amid bear push on Japanese issues.
MENTIONED IN THIS ARTICLE
Bank of England
Stock Exchange
New York
Williams
Clearing House
Gov. Hughes
Consolidated Block Exchange Reports Strong Improvement in 1907
The Consolidated Block Exchange announces that total business in 1907 outpaced 1906 across several sectors. Clearing House records show 11,838,780 shares cleared, compared with 136,000,760 in 1906, with mining stocks rising to 2,949,801 shares. Wheat futures also surged, with 377,068,000 bushels cleared versus 198,884,000 in 1906, aided by new facilities at the Exchange Building opened Aug. 24 and improved postpanorama operations.
MENTIONED IN THIS ARTICLE
Consolidated Block Exchange
Consolidated Stock Exchange
Tittle Board
Customs Rulings Favor Marble Statue Classification
A decision by Charles P. McClelland upholds Austin Baldwin & Co on marble statuary imported from Oreste Bonati Carrara Italy. The board classifies the group of horsemen as manufactured marble and assesses 50 percent ad valorem duty. Pratt & Letchworth Co Buffalo loses for old burnt iron annealing pots. duty set at $4 per ton as scrap iron.
MENTIONED IN THIS ARTICLE
Charles P. McClelland
Board of
United States General Appraisers
Austin Baldwin & Co
Oreste Bonati
Carrara
Italy
Dingley
Fischer
Pratt & Letchworth Company of
Buffalo
Weather Outlook for Cotton States in Early Week
The National Weather Service forecasts for Monday and Tuesday cover the cotton states. North and South Carolina expect fair and warmer Monday then rain Tuesday with light to fresh easterly winds. Georgia Western Florida Alabama and Mississippi expect similar rain patterns with warmer Monday and Tuesday rain. Eastern Florida should be fair, warmer north. Louisiana and Eastern Texas face rain Monday and Tuesday, with Monday warmer and Tuesday cooler and on the coast fresh southerly winds. Western Texas and Oklahoma expect rain and colder Monday then fair and colder Tuesday. Arkansas has rain Monday and fair, colder Tuesday. Tennessee sees rain Monday then clearing and colder Tuesday.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Federal Weather Bureau
North Carolina
South Carolina
Georgia
Florida
Alabama
Mississippi
Louisiana
Texas
Oklahoma
Arkansas
Tennessee
Berlin Boerse opens New Year in low spirits
The Berlin stock market enters 1930 with widespread gloom besides American securities showing demand at rising prices. Belgian coal and iron news and German miner unrest weigh on sentiment while iron trade shows signs of life and the Bank of England rate cut fails to lift mood. Canadian Pacific advances on strong annual report amid subdued overall prices. A Prussian State loan announcement adds to cautious trading.
MENTIONED IN THIS ARTICLE
NEW York Times
Berlin
Bank of England
Canadian Pacifics
London Markets React to Bank Rate Cut and Global Tides
London trading last week showed satisfactory though restrained activity after the bank rate cut to 6 percent. Analysts expect investment from Europe into American rails, while Japanese 5 percent bonds continued a decline amid tensions with the United States. Potential gold flows and domestic cash arrivals loom as uncertainties for further rate moves.
MENTIONED IN THIS ARTICLE
NEW York Times
London
Stock Exchange
New York
Japan
America
Paris
Boston Copper Gossip Sparked by Rising Prices and Mines
Boston copper circles report improved sentiment as prices and stock markets rise. The article lists 1907 output figures for multiple mines, notes Utah shutdowns and a delayed new smelter, and details ongoing developments at Arizona and Montana properties along with coke market shifts and ore body findings.
MENTIONED IN THIS ARTICLE
New York Times
Boston
Calumet
Arizona
Calumet and
Hecla
Isle Royale
Mass
Quincy Ead Tamarack
Wolverine W.seseeeeses
Ames
Shannon
Old Dominion
Franklin
le Michigan
Ahmeek
Wolverine
Savies
Dominion
Utah
Utah Consolidated Mines
Boston Consolidated
Montana
East Helena
Great Falls
Helena
Hidden Treasure
Bisbee
Cole
Superior
Pittsburg
Lewisohns
Miami
Red Springs
Globe
Detroit Copper
Clifton
Cactus
Mass Consolidated
Knowlton Ledge
Steel trade position in Pittsburgh starts the year
Pittsburgh reports show iron and steel mills have enough orders to run about 60 percent of capacity in January and February. A full resumption is unlikely, with price revisions anticipated after committees gather opinions from independent mills. A likely cut of at least two dollars per ton on sheets and tin plates is projected, while sheet bars may stay at 29 dollars for Bessemer and 30 dollars for open hearth. Coke producers seek changes as well.
MENTIONED IN THIS ARTICLE
Connelsville
H. C. Frick Coke Company
Frick
American Sheet and Tin Plate Company
Bessemer
Pittsburg
Gray Forge
New York Times
Penn
Sesk
Italy's Forward Movement Amid Global Financial Strain
Mme. Cortesi reports Italy weathered the U.S. crisis with minimal hit outside Rome Genoa Turin Milan. The Bank of Italy expanded operations by 27 million to aid banks and industries. Surpluses grew, with a 1907 fiscal year ending July showing a 17.36 million surplus and expectations of nearly 10 million the next year. Trade with the United States boomed as imports reached 96.4 million and exports about 47 million, signaling strong prospects for 1908.
MENTIONED IN THIS ARTICLE
Rome
United States
Italy
Genoa
Turin
Milan
Banca d'Italia
Signor Carcano
Europe
Germany
Carcano
Paris Stock Exchange
America
Also Mentioned on This Page
Seaboard
Cua
Southern Railway
Harriman
Union Pacific
Southern Pacific
Pennsylvania Railroad
New York Central
E Shore
Michigan Central
Chicago
England
Prussia
Redmond Co
Chestnut St
Philadelphia
Pine St
Spencer Trask & Co
New York Stock Exchange
William and Pine Streets
Nwhalsey&co
Wall St
San Francisco
BLAIR@CO
Broad ST
Travelers Letters of Credit
Bertron, Storrs
Griscom
Wall Street
Land Title Building
Kountze Brothers
Broadway
Cedar St
Henry Clews&co
Broad Street
Bankers
Boissevain & CO
Shea Ye Ey
Adolph Boissevain & CO
Amsterdam
Holland
Municipal Railroad Corporation
Mail Lawren
E Barnum Co. Bankers
Street
Shoemaker, Bates & CO
la Salle St
Borden’s
Henderson Bridge
Lanehag Henderson & St. L
Little Board
Cotton States
Federal Bureau
Berlin Boerse
Boston Copper Gossip
Mme. Cortesi
Potter, Choate & Prentice
N. Y. Stock Exchange
Banking and Commission
Nassau and
Pine Streets
JAS. H. Oliphant & CO
The
Nassau Bank
Comer Nassau and
Beekman Sts
Dominick & Dominick
NEW York, Stock Exchange
N. Y
United Bank Note Corporation
SCRIP
Knickerbocker Trust Company
Clark
Knickerbocker
Farmers” Loan and Trust Companies
Herbert L. Satterlee
Cansel
Trustee Securities Company
Rector
Seattle
Los Angeles
Spokane
Duluth, Minn
Water & Light 4
GEO. A. Fernald & CO
Milk St
Wal! St
G. Elliotte Little Certified Public Accountant
Coal and Iron National Bank
Chemical National Bank
Corn Exchange Nat
S. H. P. Pell & CO
Exchange Place
Hanover
N. ¥. Stock Exchange
Bank, Trust & Fire Ins. Co
Exchange
Canada
Alfred Mestre
Parson, Scn & CO
New York City
H.amy &Co
ANL
N. XY. Stock Exchange
J. G. White & Company, Inc Engineers & Constructors
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