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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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