European Markets Drift Amid Crop Hopes and Steel Cuts
The week saw dwindling stock activity yet numerous financial developments. Government crop optimism supported by signs of steel price cuts and a ready rail demand, with Erie's funding and Wheeling & Lake Erie receivership shaping consolidation moves. Banks report growing gold hoards abroad and easing money conditions, while London traders weigh Union Pacific bonds and Krupp loans amid a cautious global mood.
MENTIONED IN THIS ARTICLE
Stock Exchange
Department of Agriculture
Taf
Chicago
Wheeling & Lak Erie Company
Erie
Wheeling & Lake Erie
Gould
Wabash-Pittsburg Terminal Company
Bank of Germany
Bank of England
Bank of France
London
Union Pacific
Copper gossip from Boston reports mixed ore and new drilling
Copper markets show sales at 13 cents this week with availability at that price. Lake Superior mines produced 19 675 500 pounds in May, the largest monthly total this year, five month total 91 479 609 pounds, down 4 395 138 from last year. Elm River Isle Royale Seneca drill for lodes.
MENTIONED IN THIS ARTICLE
New York Times
Boston
Lake Superior
Elm River
Isle Royale
Seneca
Graves
Victoria
Winona
Calumet and
Hecla
Osceola
Old Dominion Company
Shattuck
Mammoth
Benson, Ariz
Calumet
Arizona
Clark-Scanlon
Copper Creek Company
Helvetia
Montana-Jefferson
Corbin
Utah
Denver
Higgins & Donohue
Silversmith
Basin
Sawmill Gulch
Helena
Philadelphia
North Butte
German subsidy hike backs North German Lloyd mail service
In Berlin the Reichstag considers adding 125000 marks annually to subsidize the North German Lloyd for a four weekly mail route linking New Guinea, Japan, and Australia. Officials cite rising tonnage cargo and passenger totals since 1886, with exports to China Japan and Australia climbing sharply, while critics note potential British trade competition.
MENTIONED IN THIS ARTICLE
Reichstag
North German Lloyd Steamship Company
New Guinea
Japan
Australia
North German
Lloyd
China
Uncer
Germany
German New Guinea
Berlin
London Times
Brisbane
Canada
Jenkins Trust Becomes Lafayette Trust Company
The Jenkins Trust Company of Brooklyn reopens after a brief suspension and changes its name to Lafayette Trust Company effective today. Coinciding with the name shift, the third installment of 10 percent under Resumption Certificate A will be paid today to depositors, though the plan schedules this payment for July 15.
MENTIONED IN THIS ARTICLE
Jenkins Trust
Lafayette Trust
Jenkins Trust Company of
Brooklyn
Lafayette Trust Company
German Boerse Shows Healthy Tone Despite Adverse Conditions
Berlin reports that the Boerse retained a healthy tone last week despite unfavorable circumstances. The market was strong enough to counter a bear party sentiment, signaling continued activity and resilience in trading.
MENTIONED IN THIS ARTICLE
NEW York Times
Berlin
Indica
Sign of Prosperity in Pittsburg Steel Distict
Pittsburg leads report a renewed optimism in iron and steel with magnified public notices of deals. A pig iron sale over three years, claimed as 150,000 tons by press, signals shifting mood though actual figures vary. The week saw 60,000 tons of steel bars sold at new low rates and expectations of 200,000 more before June ends.
MENTIONED IN THIS ARTICLE
New York Times
Pittsburg
Iron and Steel
Iron
Steel
New York
Iron and Steel Storm Centre
Times
Army bids to open at Whitehall Street building today
The Army plans a major bid opening at the Army Building on Whitehall Street for supplies for the regular army valued in the millions. Samples will be shown and bids sealed in triplicate. Col. William B. Patten announced preferences for American made goods. Readiness items include khaki, buttons, gloves, sheets, tent pins, buckles, threads, collars, bedsteads, trumpets, and grommets among thousands of other items.
MENTIONED IN THIS ARTICLE
Army
Whitehall Street
United States Ae Ag Ant
William 8. Patten
French rents hold steady as State
French rentes stayed plentiful on the course last week as state savings institutions bought heavily and limited declines. Russians sold ahead of a $46 million 4 percent North Donetz Railroad bond issue backed by the Russian government, while industrial values remained firm and money stayed abundant.
MENTIONED IN THIS ARTICLE
NEW York Times
Paris
North Donetz
France
Kansas Wheat Supremacy Seen in Ten-Year Output Record
Kansas led the nation in wheat production, both winter and spring varieties, in the decade ending 1907. A 1907 bulletin notes Kansas yielded 780,609,479 bushels since 1898, with a value of 446,758,791 dollars, surpassing Missouri California and Michigan combined, and placing Kansas ahead of several top states in annual output and acreage.
MENTIONED IN THIS ARTICLE
Kansas
F. D. Coburn
Kansas Bureau of Agriculture
Impres
Topeka
Missouri
California
Michigan
New England
Illinois
Iowa
Sam
North Dakota
Minnesota
State Board of Agriculture
Massachusetts
New Hamshire
Vermont
Maryland
Rhode Island
Delaware
Connecticut
Porto Rico
United States Department of Agriculture
America
Minesota
Oregon
Arkansas
Tenessee
German Metal Output Shows 1907 Production by Copper and Lead
From Consul General Richard Guenther’s extracts, 1907 copper output fell first time in 15 years while world copper production totaled 713000 tons with the United States and Germany among leading producers. Lead production rose 215 percent with Mexico and the United States as top producers. tin zinc nickel and aluminum outputs also listed with major consuming markets noted. The report cites price fluctuations and rising mining costs as key factors in 1907.
MENTIONED IN THIS ARTICLE
Richard Guenther
Frankfort
United States
England
Central and
South America
Germany
Japan
Austria
Russia
Great Britain
France
Asia
Africa
Australia
Mexico
Spain
Belgium
Also Mentioned on This Page
Europe
Beenj
American Steel Trust
Krupp Works
Redmond a.Co
Pine Street
U. S
Interborough
Kan
City Ry
Lt. Gs
Spencer Trask & Co
William and Pine Sts
New York Stock Exchange
Wall ST
R. R
N. W. Halsey & CO
Bankers
Wail St
San Francisco
Broad ST
Travelers Letters of Credit
Kountze Brorurrs
Broadway
Cedar St
Bertron, Storrs
Wall Street
Griscom
Bankers, Land Title Building
N. Y. Stock Exchange
Ison, Jr., & Co
York Stock Exchange
Boston Copper Gossip
East
Lloyd Pacific Service
Bears
Pittsburg Iron and Steel
Wheat King
World Metal Production
N.Y. Gentral
Hudson River
R. R. Co
United States Trust Co
N. Y
Railroad
Henoer Bank Building
Edward B. Smith Francis E. Bond
George W. Norris
Osborn W. Bright
Charles F. Bloomer
Epward
The
Nassau Bank
Comer Nassau and
Beekman Sts
Dominick & Dominick
Broadway, N. Y
United Bank Note Corporation
Amer
Bk. Sh. & Fdy
Stock & Bonds
Blake & Kngwies
Penn. Coal & Coke Col. Tr
Republic Steel
St. Louis Transit
Toledo, St. LA. & Western
Union Steel
Wilkesbarre& Hazleton Bs
Megargel & CO
Nassau & New York
Rector
Chisholm & Chapman
New York City
Moffat & White
Nassau St
Cripple Creek Central Com
Guanajuato
Con Ress St
Produce Exchange
Montreal
White Star
New York Produce Exchange
Trade and Transportation Committee of
the Exchange
Exchange
Inter-State Commerce Commission
Ring of the Exchange
King
Delano
Wabash Lines
Mr. Ring
Ring
White Star Line
Ireland
Athampton
Cherbourg
Queenstown
Henry Clews & Co
Union Pac
Reid
Gilbert
Eliott
John
Pine St
Union Ferry CO
Farson, Son & Co
J. & White & Company, Inc
Exchange Prace
Chas. H. Jones & CO
Broad Street
Cable “ Orientment
Federal Sugar
Great Northern Paper
Safety
Gray National Telautograph
International Nickel Common & Pfd
Royal Baking Powder Common
Frederic H. Hatch
Broad
Eglinton, Hammond & Andrews
Securities of Gas and Electric Companies
Bankers Trust
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