Financial mood brightens as conventions and crops align
Markets weigh Chicago Democratic Convention outcomes and a favorable July crop report. Taft seen as best choice to oppose Bryan, while crop prospects lift purchasing power and rail earnings expectations. Steel, rail, and banking sectors in the mix as investors monitor surplus use and foreign funds flows.
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Chicago
Taft
Bryan
Denver
Wall Street
Democratic Party
Steel Trade Steady in Pittsburg Area With Mixed Plant Use
In Pittsburg and nearby districts plants show varied activity. Homestead runs at about 90 percent capacity while Edgar Thomson and Duquesne operate under half. Clairton and Donora idle. Carnegie plans to restart several mills by month end or early August, including Mingo Junction and Bellaire works.
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New York Times
Pittsburg
Rosena
New Castle
Carnegie Steel Company
Shenango Furnace Company
Sharpsvile
Homestead
Edgar Thomson
Duquesne
Clairton
Donora
Carnegie Company
Mingo Junction
Ohio
Bellaire
Pittsburg Steel Company
Sharpsville
Bessemer
Valley Furnaces
Wales
Gray Forge
East
McClint Marshall Construction Se
Holland-America
New York
Philadelphia
Rankin, Penn
Rittsburg Railways Company
Columbia Iron and Steel Company
Oliver
Steel Bar i
A Plate
American Sheet and Tin Plate Company
Boston Copper Gossip Reveals Market Boom Hints
Boston copper gossip suggests improving sentiment in copper and stock markets with modest price gains. June Lake Superior output fell from May, while rail access and shaft reopenings advance exploration. North Butte Extension and Arizona companies discuss rework plans and refinancing.
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New York Times
Boston
Lake
Superior
Lake Lode
North Butte
Chicago
Old Dominion
Arizona
Comenapetal
European markets buoyed by American iron outlook
Berlin reports show renewed activity on the Boerse as optimism grows over the American iron market. Coreys optimistic interview and Steel Trust hiring 50,000 workers lift mood, with American rail stocks leading gains. London remains a net seller of Yankees as Irish land stock shocks bonds.
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NEW York Times
Berlin
Corey
Steel Trust
Baltimore
Harriman
Stock Exchange
London Stock Exchange
London
United States
Baltimore & Ohio
Revival by Yankee Stocks Lifts Market in London Trade
London July 12 the American market stood as the lone bright spot in a week of dull trading and low mood emphasizing cautious sentiment across other exchanges.
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NEW York Times
London
Drought Threatens New York Area Produce Crops
A six week drought behind no rain near New York City and within 100 miles has left raspberries poor, peaches wretched, and many vegetables wilted. Prices may rise as moisture remains scarce and crops in New Jersey Long Island and Hudson Valley show stunted growth while other regions report better yields.
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New York City
New Jersey
Ocean Counties
Weather Bureau
New York
Long Island
Staten Island
South Jersey
Hudson River Valley
Virginia
Ennsylvania
Carolin
Boy Republic elects 16 year old Nussbaum as mayor
Benjamin Nussbaum, a City College student age 16, wins the Boys Republic mayoral race at the Hebrew Sheltering Guardian Society. He defeats David Stern 195 to 225 in a 420 vote tally, succeeding Harry Schapiro who served two terms.
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Benjamin Nussbaum
City College
Boys’ Junior Republic
The
Hebrew Sheltering Guardian Society
Young Nussbaum
Harry Schapiro
Roosevelt
Schapiro
Sjince
Organization of the Republic
Republic
150Th Street
Broadway
Nussbaum
David Stern
Council
Benjamin Goldberg
Edward Apfel
Goldberg
Paterty
Sanitary Squad
Junior Republic
Harry Perlman
Alexander Smith
Mty
Supreme Court
Bernstein
Society
Chester J. Keller
Colombian loan negotiations denied by New York bankers
New York bankers said they knew nothing about a reported 25 million dollar loan negotiations with Colombia. Gen. R. Zawadzky claimed to be the Colombian president’s emissary and said he would return soon to finalize terms. George W. Perkins and others said they had not heard of the matter. Some speculated the government aims to press a large contract to secure favorable terms.
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New York
United States of Colombia
South American
Gen. R. Zawadzky
Colombia
Reyes
George W. Perkins
J. P. Morgan & Co
Yonkers
Republic
Alaska and Yukon Exposition to Open at U W Grounds
Capt A W Lewis arrived from San Francisco seeking attractions for the Alaskan Yukon Pacific Exposition to be held on 250 acres of University of Washington land on Puget Sound from June 1 to Oct 15 1909. He expects 10 million dollars to be spent and plans twelve exhibition halls with three to become university property after the show.
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A. W. Lewis
San Francisco
University of Washington
Puget Sound
Lewis
Hotel Astor
Capt. Lewis
America
Alaska
Yukon Territory
Northwest
Paris Bourse Prices Firm Amid Bank Holidays
Paris traders report a firm market as bank holidays approach. Brokers’ orders leave for midsummer, yet new French industrial issues attract buyers. Rail earnings and abundant money support continued prosperity and an active autumn speculation outlook.
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New York Times
Paris
High Pressure Water Test Hits Union Square Fire Lines
A high pressure water test at Union Square injures two firefighters when hose lengths burst at 280 to 290 pounds. Water from War Tower 2 reached the Metropolis Building roof, with 36 active lines pumping 86,000 gallons per minute from Bank and Oliver streets. Bystanders fled as hoses whipped and glass shattered at De Young's station after a line failure.
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Union Square
Metropolis
Sixteenth Street
Broadway
Croker
Jacob Hower
Ludlow Street
William Wilson
Hudson Street
Archer
Fire Department
de Varona
Department of Water, Gas and Electricity
Bank and
Oliver Streets
Water Department
Fourteenth
Seventeenth Streets
Seventeenth Street
de Young
Levy
Water nozzles spray Rainbow over Union Square during test
Inspectors station at line ends warn conductors to lower car screens as thirty six lines discharge water. A rainbow formed as water rose toward a seventeen story roof, spraying spectators in Metropolis Building vicinity. Pressure hit 170 on the gauge during the test.
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Gers Rosen
Company 2
Metropolis
Union Square Park
Crop yield estimates clash over winter wheat figures
Government and Produce Exchange methods diverge on winter and spring wheat yields. July reports show winter wheat condition at 80.6 and old versus new calculations reveal sizable differences for July and June, with historical crop totals and yearly comparisons dating back to 1900.
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North Dakota
South Dakota
Minnesota
Produce Exchange
Rebuilding Our Railways Says Ripley
President E P Ripley of the Atchison Topeka and Santa Fe argues that U S railroads are largely imitations of true railways. He says they must be rebuilt and prices must rise to cover modernization or the public must do without rail service.
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Ripley
E. P. Ripley
Atchison, Topeka & Sante F6
Lfe
Pennsylvania Railroad
Union Pacific
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