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This newspaper page contains 12 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 20, 1908

Page

6

Trade Improvement In Europe Signals Market Awakening

The piece notes a broader economic upturn with improved trade, optimism among financiers including Speyer and Rockefeller, and a cautious stance on rail rate hikes. It reports drought relief in North Dakota wheat, rising farm prosperity, and steady money markets as government deposits move. London and Paris markets show firm activity with strong foreign investment and a high trade surplus.

Taft North Dakota Kansas United States James Speyer Elbert H. Gary Charles Stele Henry H. Rogers W. E. Corey W. G. Rockefeller

Pittsburg Steel Co buys 8000 tons basic pig iron in boost to market

The Pittsburg Steel Company, largest independent wire producer, purchased 8000 tons of basic pig iron for prompt delivery as part of a week long iron and steel market activity. The firm, expanding Monessen operations, plans eight new basic open hearth furnaces and about half its furnaces will use scrap. Prices for July delivery ranged from 13 to 15.75 dollars, with higher quotes for later delivery.

Pittsburg Pittsburg Steel Company Monessen Penn Bessemer Valley Furnace Foundry Gray Forge Valley Steel Company Carnegie Steele Company Monongahela National Tube Company McKeesport Mahoning Shenango McKeefrey Leetonia Ohio Birmingham Western Pipe United States Steel Corporation Carnegie Steelmpany Homestead

More Cars In Use In Rail Freight During July Report

The American Railway Association Comittee on Car Efficiency reports a drop in idle freight cars to 303,042 in the United States and Canada as of July 8, down from 312,847 on June 24 and far below the April 29 peak of 413,328. A breakdown by car classes follows in recent fort nightly figures.

American Railway Association United States Canada Ito Fiat Sig. Bot

Bank Officers Appointed and Broad Street Office Expansion

Charles W. Riecks becomes cashier of Liberty National Bank in addition to Vice President, succeeding the late J. W. Lott. Henry S. Barton named assistant cashier. A. O. Brown & Co. enlarges the Broad Street building with first floor extensions, second floor retained, a Directors' room and private offices added in chestnut. The main floor rear houses the bookkeeping department. second floor to house brokerage telegraph offices. William Salomon & Co. and Kissel, Kinnicut & Co. offer $2,000,000 Chesapeake & Ohio Railway first mortgage bonds at 87% yielding 4.90%, secured on a key coal region line forming a through route to Southern ports on completion.

Charles W. Riecks Liberty National Bank J. W. Lott Henry S. Barton A. O. Brown & Co Broad Street William Salomon & Co Kissel, Kinnicut & Co Chesaeake & Ohio Railway Company Big Sand R.ailway First Mortgage

London Investment Demand Weaker Amid Mixed Market

Americans remained a bright spot as London opened the week with new accounts and hopes for improvement over the prior nineteen days. Demand for sound investment stocks was steady but speculative volume shrank, with the British railway market showing overall losses after the Bank of England return noted the money market condition following the July dividends distribution.

NEW York Times London Bank of England

Copper shares rise as market confidence grows in Boston

Boston reports ongoing confidence buys in copper shares with ideas of a price rise to 15 cents. May output details from North Butte, Calumet and Arizona, Copper Queen and Ojibway indicate rising production and new developments across mines, shafts and mills in Montana, Arizona, and Michigan with notes on exploration and expansion plans.

New York Times Boston North Butte Calumet and Arizona Group Superior Pittsburg Ojibway Keweenaw Company Phoenix Mill Medora Elm River Lake Company Atlantic Allouez No.1 Fighear Wyandotte Winona Mass Consolidated Jerome Arizona Mazatzal Copper Company Montana Butte Butte & Corbin Consolidated Company Tefft Amazon Mont Eva May

Pennsylvania Railroad Dominates Nation's Rail Earnings

New 1907 ICC figures show Pennsylvania system operated 11,228 miles or 4.98 percent of total US railroad mileage yet earned 12 percent of national gross earnings. Taxes rose from 1906 to 1907, while net earnings per mile for the system fell to about 8.71 dollars from 7,880? per mile.

Pennsylvania Pennsylvania System Pittsburg Penn P.C United States R.R. U Maseace

Paris Exchange Signals Slower Rate Hope at Autumn

The text notes ongoing gold flows to the Continent while Paris exchange stays at the gold point, dampening hopes for an official 2 percent rate this autumn and suggesting the end of half-year advances hints at future monetary trends.

Paris Exchange

Berlin Boers Featureless Market News In Dull Berlin Session

Favorable news from American industry lifted confidence in Berlin last week as New York activities and rail concerns buoyed speculators. The Steel Trust issues influenced German iron and steel, while German coal and steel groups reported lower sales amid a broad discussion on crops railway rates and possible rises in American issues.

Berlin New York United States

Rise in Consolidated Gas Stock Tied to Dividend Rumor

A 10 point rise last week and 21 cent gain in Saturdays session follow a rumor that New York Edison Company, Consolidated Gas's largest subsidiary, will declare its first dividend. Consolidated Gas owns most Edison stock. Edison has never paid a dividend. The bill cutting New York gas price to 50 cents reduced Consolidated Gas dividends from 8 to 3 percent.

Consolidated Gas Company New York Edison Company Consolidated Gas Edison Company Electric Lighting Manhattan New York N. Force

Slump in Port of New York Commerce Amid Charges

Albert E. Henschel, secretary of the consolidation commission, warns of a serious decline in Port of New York commerce in recent years. He advocates legislation to lower port charges and to encourage traffic. He notes flour and grain shipments dropped from 78 percent in 1875 to under 31 percent in 1901, cites a $24,000 drop in export receipts, and calls port charges arbitrary and costly to business.

Albert E. Henschel New York Henschel

Coroner Probes Death at University Club Elevator Shaft

Coroner Harburger visited the University Club on Fifth Avenue and Fifty Fourth Street to investigate the death of William Bible, the club’s library attendant. Bible, who was asked to watch the elevator, ran into the shaft while the car rose and fell to the bottom, dying instantly.

Harburger University Club Fifth Avenue Fiftyfourth Street William Bible Bible

Also Mentioned on This Page

Europe Pennsylvania Railroad New York City France England Paris Corner Stone of Sound Investment Spencer Trask & Co William and Pine Sts New York Stock Exchange Wall ST N. W. Halsey & CO Bankers Philadelphia Chicago San Francisco BLAIR@CO Broad ST Travelers Letters of Credit Henry Clews & Co N. Y. Stock Exchange Kountze Brothers Broadway Cedar St Chicago & North Western Reg Chisholm & Chapman Wall Street Otis Elevator Co Havana Tobacco New York Transportation Royal Baking Powder J. L. McCormack Broad J. G. White & Company, Inc Exchange Place American Steel Foundries Swartwout & Appenzellar Bankers Pine St N. Y Ter John Gram, Mulliken & CO Congress St The Duquesne and Ohio Youngstown Edgar Thomson Mingo Junction Bellaire Biatieatyatte American Sheet and Tin Plate Company Western Bar Iron Association Amalgamated Association of Iron, Steel, and Tin Workers Financial Notes London Investment Demand Boston Copper Gossip Inter-State Commerce Commission Berlin Boerle America Mr. Henschel Man Delaware & Hudson Company Farmers Loan and Trust Co., N New Jersey Massachusetts Connecticut Potter, Choate & Prentice New York Stock Exchange Bankers Hanover Bank Building Edward B. Smith Francis E. Bond George W. Norris Osborn W. Bright Charles F. Bloomer Epward Pine Street Chestnut Guanajuato New York Stock. Exchange George St. Mansion House E C Colorado Springs Colorado Nassau Bank Nassau and Beekman Sts Dominick & Dominick NEW York &Tock Exchange United Bank Note Corporation SCRIP Bertron, Storrs Griscom Bankers, Land Title Building Chas. H. Jones & CO Telephone Rector Cable ‘‘Orientment J. F. Pierson, Jr., & Co Ingersoll Rand Mexico Park & Tilford E. C. T. Fairbanks (Seale) Co Frederic H. Hatch Chesapeake and Ohio Railway CO BIG Sandy Railway Central Trust Company George W. Stevens Chesapeake & Ohio Railway Company Elkhorn Coal District Cincinnati Ohio River Valley Seaboard Stevens Chesapeake & Ohio General Equipment & Improvements Big Sandy William Salomon la Salle Street
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