European Markets React To Standard Oil Ruling
The week saw the Chicago Circuit Court of Appeals overturn a $29 million Standard Oil fine, boosting European investor sentiment. Bank cash movements pointed to interior demand as crops improved and rail and mercantile activity rose, with New York banks lifting cash from Sub-Treasury operations amid widening deficits. Paris markets gained from New York stock strength while Macedonia and Turkey news added mixed certainty.
MENTIONED IN THIS ARTICLE
Circuit Court of Appeals
Chicago
Standard Oil Company
Landis
United States Steel Corporation
Corey
New England
Bureau of Car Statistics
American Railway Association
Baltimore & Ohio
Wheat
Dakotas
Minnesota
New York City
Bank of France
Bank of England
Steel trade shows growing activity but no clear gain
Pittsburg reports ongoing improvement in iron and steel activity with large contracts on the Oliver office building, 25 stories tall using about 13,000 tons of steel. Structural steel orders rise, sheet mills expand, and tin plate capacity nears full operation as producers push for higher output amid cautious pricing and resumed production at multiple works.
MENTIONED IN THIS ARTICLE
New York Times
Pittsburg
Iron and Steel
Oliver
American Bridge Company
American Sheet and Tin Plate Company
Youngstown Sheet and Tube Company
Youngstown
Ohio
National Works
McKeesport
Duquane and Ohio
Edgar Thomson
National Tube Company
Lorain
United Steel Company
Canton
Valley
Dover
No. 2 Foundry
Gray Forge
Valley Furnaces
Trade figures show year end imports and exports shifts
The Bureau of Statistics released a detailed fiscal year trade statement ending June 30 comparing 1908 and 1907. Imports fell mainly in crude materials for manufacturing by over 112 million, while exports rose in foodstuffs and manufactures ready for consumption, despite a 37 million drop in crude materials for use in manufacturing.
MENTIONED IN THIS ARTICLE
Bureau of Statistics
Na-Ural
Americans Strong In London Amid Market Slump
London reports explain the weekly decline in consols as caused by a group of operators who bought ahead of anticipated government security gains and were left exposed. The belief that the bank rate will not fall further deepens the heaviness in gilt edged securities, while American markets show ongoing strength.
MENTIONED IN THIS ARTICLE
New York Times
London
Ameri
Boston Copper Gossip Sparks Lake Superior Drilling Outlook
Boston copper investors focus on new deposits in Lake Superior as Adventure Michigan Mass and Lake Companies push diamond drilling. Rich core found but details withheld. Keweenaw to ship ore Aug 1 and crosscuts planned to explore lodes.
MENTIONED IN THIS ARTICLE
New York Times
Boston
Lake Superior
Golconda
Adventure
Michigan
Mass
Lake
Michigan Company
Lake and Adventure
Keweenaw
Phenix
Medora
Atlantic
Shipsaree
Boston Consolidated
Dark Horse
Beaverhead County
Mont
Philadelphia
Basin
Montana
New
Bingham & Garfield Railway
Bingham, Eagle
Blue Bell
Maqnon Copper Copany
Copper Gulf
Comanche
Arizona
United Verde
Bisbee
Guggenheims
Helvetia
Calumet
Benson
Dominicon
Great Eastern
Superior
English Rate Case Highlights Railroads Rebound in Prosperity
The article reviews an English rate case where railways reduced coal rates during a downturn in 1895 and later raised them in 1900 as trade improved. The Court of Appeals upheld the decision, finding the increase justified by renewed prosperity, and rejected the appeal.
MENTIONED IN THIS ARTICLE
Court of Appeals
Railway News of London
Justice Williams
Justice Lawrence
Market Strengthens as Oil Case Reversal Shapes Week
The market shows remarkable volume and breadth of buying. Judge Landis's reversal in the Standard Oil rebate case by the U S Circuit Court of Appeals emerged as the week's most strengthening factor. Money market tendency turned slightly harder, signaling firmer conditions overall.
MENTIONED IN THIS ARTICLE
Landis
Standard Oil
United States Circuit Court of Appeals
President alarms Berlin in late July market panic
The Berlin Boerse faced nervousness over Macedonian developments and Lord Cromer’s war talk, triggering price declines but limited panic selling. A large private bank at Solingen failed with about 1 million dollars in liabilities as month-end pressures rose. Shipping shares and American railway bonds showed mixed moves amid Roosevelt trust-crusade fears.
MENTIONED IN THIS ARTICLE
NEW York Times
Berlin
Lord Cromer
House of Lords
Solingen
American Securities
Roosevelt
Dr. E. B. Sanborn to Retire as Port Deputy Health Officer
Dr. E B Sanborn will retire at the end of August after thirty years as Deputy Health Officer of the Port of New York. He served at the Staten Island Quarantine Station under Health Officers Van derpool Smith Jenkins and Doty and plans to farm in Machias Missouri. Dr Doty praises his work and notes the lack of a pension. Dr Edward Rimer named his successor, already long acquainted with quarantine duties.
MENTIONED IN THIS ARTICLE
Port of
New York
E. B. Sanborn
Machias
Staten Island
Vanderpool, Smith, Jenkins, and Doty
Sanborn
Maine
College of Physicians and Surgeons
Board of Health
Doty
Edward 8. Rimer
Algerian stowaway in ship uniform aboard Touraine
A twenty year old Algerian, Aheneil Aijeck Benrabbeh, hid in a steward's uniform on the French liner Touraine departing Havre. Detected on the promenade deck, he was stripped of the disguise and placed to menial work for the remainder of the voyage. Immigration inspectors plan to send him back to France, after he claimed to have fallen for a girl in Algiers and sought to reach Chicago.
MENTIONED IN THIS ARTICLE
Aheneil Aijeck Benrabbeh
Touraine
Havre
France
Algiers
Chicago
Mediterranean
Marseilles
Port
Brooklyn College Founder Builds Private Sewer on Carroll Street
Rev John F X O Conor president of the new Brooklyn College funds and oversees private sewer and water main installation along Carroll Street from Rogers Avenue to connect with city systems. He arranged work with Jesuit help after 1906 petitions for city grading and mains were incomplete. The college houses on Carroll Street. city to reimburse if authorities approve.
MENTIONED IN THIS ARTICLE
John F. X. O'Conor
Brooklyn College
Rogers and Nostrand Avenues
Carroll and
Crown Streets
Father O'Conor
Carroll Street
John Casey
Manhattan
Rogers Avenue
St. Francis College
O’conor
Gentleman cop case ends with fine for woman
Magistrate Breen heard Daniel Reynolds defend himself as a gentleman cop after arresting Anna Clark on Broadway for addressing Peter Young. Clark was fined five dollars while Reynolds was discharged as the West Side Court criticized arrests of witnesses and urged police to study laws.
MENTIONED IN THIS ARTICLE
Daniel Reynolds
West Thirty-seventh Street
Breen
West Side Court
Anna Clark
Reynolds
Broadway
Peter Young
West Thirty-ninth Street
Newark hotel and theatre project eyed by undisclosed syndicate
R Larkin Ralph, representing a syndicate with undisclosed members, has secured options on Newark land worth 1.5 million dollars for a prospective twelve story hotel and theatre. Options expire October 1 and will be exercised beforehand. Parcels include the old University Club site now used by the New Jersey Automobile and Motor Club, several Park Place residences, East Park Street properties, and the Young Women’s Christian Association property, with deposits already placed on Park Place parcels near McAdoo Transit and the American Insurance Company structure.
MENTIONED IN THIS ARTICLE
R. Larkin Ralph
Newark
N. J
Ralph
Park Place
McAdoo Rapid Transit Company
American Insurance Company
University Club
New Jersey Automobile and Motor Club
John A. Gifford
East Park Street
Gifford
John J. Hlingworth
Eliza B. van Nest
A. L. Dennis
Young Women's ‘Hhristian Association
East Park Steele
William H
Also Mentioned on This Page
Southwestern Division
First Mortgage
Southwestern
Baltimore & Ohio Railroad
Belpre
Louis
Til
Spencer Trask & Co
William and Pine Streets
Newsai
New York Stock
Wall ST
New York Stock Exchange
O'Connor
Kahler
Bankers
Wall Street
Hanover
Broad ST
Travelers Letters of Credit
N. W. Halsey & CO
San Francisco
Delaware & Hudson
Chisholm & Chapman
Kountze
St. Louis County
Minn
Farson, Son & Co
Pine St
Chicago & St. Louis
Moffat & White
Nassau
York City
Municipa
Wrile
Chas H. Jones & CO
Broad Street
Rector
Jerome J. Danzig
N. Y. Stock Exchange
Nassau Street
Europe
Democratic Party
High Court
Paris
Pat Sultan
Macedonia
Turkey
Boston Copper Gossip
President Alarms Berlin
Potter, Ghoate & Prentice
Hanover Bank Rbuilding
Edward B. Smith
Francis E. Bond
Osborn W. Bright
Charles F. Bloomer
George W. Norri
Edward B. Smith & Company
Bra .Neegers
YORK_ PHILADELPHIA
The
Nassau Bank
Nassau and
Beekman Sts
Dominick & Dominick
Broadway, N. Y
United Bank Note Corporation
Bertron, Storrs
Griscom
Wall Street, New York
Bankers, Land Title Building
National Starch
Union Steel
Milliken Bros
Casein Co
U.S. Steel
Schwarnschild & Sulsberger
A. A. Lisman & CO
Baker
East Orange
Gustav Koopmann
Main Street
Koopmann
Gustav Lind
O'Neill
Lind
East Orange Jorice
Business Men's Association
Charles Bk. Menagh
Todd
North Park Streets
Bell
W.o
Menagh
An .Tfort
NEW Hotel
Syndicate
Henry Clews & Co
Tel
Eyer & Co
Beriaine Securities
N.Y. Stocktr Exchange
J. F. Pierson, Jr., & Co
Worthington
Havana Tobacco
New York Transportation
Royal Baking Powder
McCormack
Broad
Conn, Ky
Beech Creek Coal & Coke
Amer
Brake Shoe & Fdy
Ontario Tower
Schwarzschild & Sulzberger
Miegargel & Co
American Smelters Securities
Keen & Ward
N. ¥. Stock Exchange
William P. Bonbright & Co
George St
Mansion House
E. C
Colorado Springs
Colorado
L. F. Hepburn
Cram, Mulliken & G8
Congress St
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