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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jan 27, 1908
Page
8
The Stock Exchange shifts to align with general mood as money conditions ease and railroad shares face cuts. U.S. rail earnings drop sharply with job pay cuts foreshadowing broader economies while bonds hold steady amid ample bank reserves.
The article in Appleton's Magazine presents George W. Perkins's first public appearance as an author, detailing United States Steel's carefully laid plan to enlist top talent from laborer to President in "Humanizing a Corporation." It highlights his clear, businesslike prose and his cautious handling of details.
Redditch England hosts a vast needle making trade with over 2 billion needles produced yearly. About half of the town’s 18,500 residents are linked to the industry, which dates back nearly 400 years and centers in Redditch with forty two factories and large modern plants.
Postal authorities issued warnings after widespread thefts of money orders. Postmaster Morgan dispatched notices and distributed thousands of warning cards to merchants and the public urging vigilance against stolen orders to aid arrests.
Berlin last week showed stubborn refusal to acknowledge cheerful signs from several quarters. Officials kept discount rates high despite reductions in France England and Holland. Cortelyou withdrew Federal deposits from banks signaling hopes for normal conditions in America.
Special dispatch reports bold expansions in copper production. Greene-Cananea resumes April 1 with 50 million pounds annual output. Butte plans heavy ore output and new machinery, while Minnesota and Montana properties, including Fleming, Steinbrenner, North Moccasin, and Isle Royale, announce deep shafts and drifting. Nevada and Utah consolidate aims push output toward 100 million pounds by year end as Boston Consolidated mill runs smoothly and other plants face closures.
Tailer and Co offer to take outstanding 5 percent notes with coupons as payment for two year convertible collateral trust notes of Missouri Pacific totaling 6 million dollars. More than two thirds of the issue has been sold. The new notes yield 2 percent and are offered at 102 percent.
The Paris Bourse saw a broad price uptick last week in all sectors amid rising activity from speculators and investors. French rentes and Russian tours led gains, with banking, shares, and top mining issues showing solid advances. Local financiers claim middle class investment is returning, easing undigested securit ies from bankers’ strong boxes as large loans loom.
Maiden Lane jewelers unite to curb fraudulent pieces by promoting stamp checks. They find the National Stamping law weak against unmarked jewelry and urge buyers to verify karat fineness and trade marks, echoing foreign practice. If dealers refuse stamps, customers should not buy.
The Federal Weather Bureau predicts rain and colder weather across several states including North Carolina and South Carolina with brisk to high west winds. Georgia and eastern Florida see showers and colder conditions, while western Florida Alabama Mississippi and Louisiana stay fair but cooler. Eastern Texas and Oklahoma expect generally fair, colder conditions Monday into Tuesday with light to fresh northwest to north winds. Tennessee shows fair weather with cooling.
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