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This newspaper page contains 14 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jul 13, 1908

Page

8

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Ripley E. P. Ripley Atchison, Topeka & Sante F6 Lfe Pennsylvania Railroad Union Pacific

Also Mentioned on This Page

Spencer Trask & Co William and Pine Sts New York Stock Exchange N. W. Halsey & CO Wall Street, New York Wall ST Blair&co Broad ST Travelers Letters of Credit Bertron, Storrs Griscom Bankers, Land Title Building Henry Clews & Co N. Y. Stock Exchange Kountze Brothers Cedar St Chicago & North Western Reg Chisholm & Chapman J. F. Pierson, Jr., & Co United States Steel Corporation Europe Great Steel Corporation Pennsylvania New York Central Cortelyou Boston Copper Gossip the Markets OF London Exchange BOY Republic Flagstaff Alabama Great Southern R. R. Gs Potter, Choate & Prentice Hanover Bank Building Edward B. Smith E. Bond George W. Norris Osborn W. Bright Charles F. Bloomer Eppward B. Smith & Company Pine Street Chestnut Nassau Bank Comer Nassau and Beekman Sts Dominick & Dominick N. Y United Bank Note Corporation New Haven & Hartford Farson, Son & Co Pine St W. W. Dunklin Safe Investments Chas. H. Jones Broad Street New RE American Brake Shoe & Foundry Bush Terminal Empire Steel and Iron Hecker-Jones-Jewell Frederic H. Hatch Broad Bread St Keen & Ward N. Y. Stock Exchanges Gram, Mulliken & CO Bankers Congress St Builing Sweer Equipment & Architectural Services Walter S. Timmis A. S Et ST Beekman
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