Markets Hold Steady Amid Optimistic Tone After Knickerbocker Reopens
Financial observers note durable market firmness despite mixed signals as the Knickerbocker Trust resumes March 26 and rails, pig iron output rises in February, railcar idle counts decline, and costs for corporate borrowings stay high. Bank rate cuts by Bank of England and Bank of Germany spur cautious optimism.
MENTIONED IN THIS ARTICLE
Stock Exchange
Knickerbocker Trust Company
Financial District
Avernus
Harriman lines push for equipment standardization progress
W V S Thorne outlines Harriman systems work toward uniform standards across car and locomotive equipment. He notes large fittings are supplied directly to manufacturers, cutting costs by up to 40 percent in some categories. The Railway Age warns rigid standards may hinder future improvements and stresses flexible, evolving practices.
MENTIONED IN THIS ARTICLE
W. V.S. Thorne
Harriman
New York Railroad Club
Harriman Systems
Railway Age
Idle cars decline but railroad surplus remains high
The American Railway Association reports that idle cars in the United States and Canada fell by more than 20 000 between February 5 and February 19 signaling a partial improvement from November's drop in demand. Surplus cars remain large especially in the Middle West and Western regions, with Gulf and Southern states also showing notable excess.
MENTIONED IN THIS ARTICLE
Committee
American Railway Association
United States
Canada
Middle Western States
Western
Middle States
Gulf and Southern States
Southwest
Weak Market in Paris Presses Down Shares
Market mood in Paris remained weak on March 8 as the trend softened after an early-week uptick with Russians and De Beers pushing prices lower.
MENTIONED IN THIS ARTICLE
Paris
NEW York Times
de Beers
Scrip Dividends in Gilded Age Railroads and Firms
The Public Service Commission blocked Erie Railroad from issuing ten year scrip to cover dividends on first and second preferred stock, amid easing belief such actions should come from past earnings. Historically scrip dividends appeared in the 1890s across firms like American Tobacco, Western Union, Colorado Fuel and Iron, and Pennsylvania Railroad, with varied cash and stock mixes and occasional reversals.
MENTIONED IN THIS ARTICLE
Public Service Commission
Erie Railroad
Financial District
American Tobacco Company
Western Union Telegraph Company
People’s Gas Company
Colorado Fuel and Iron Company
Pennsylvania Railroad
Louisville & Nashville
Chicago & Eastern Illinois
Rio Grande Western
Western Nrca Telegraph Company
Pennsylvania's Mileage Shows Vast Railroad System Reach
The Pennsylvania Railroad reports its 1907 records showing 11 080 miles of line, with 4 067 in Pennsylvania and 1 831 in Ohio. Total trackage reaches 23 572 miles, east and west of Pittsburg, with substantial second to fourth track and major sidings.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad System
Maintenance of Way Department
Pittsburg
Erie
District of Columbia
Pennsylvania
Ohio
Indiana
New York
New Jersey
Illinois
Maryland
Michigan
Delaware
Kentucky
Missouri
Virginia
West Virginia
Comany
PeThe
Steel Trade Position Seeks Stable Pig Iron Prices
Pittsburg March 7 The iron and steel market shows uncertainty due to US Steel's inability to secure price agreement among pig iron producers. Foundry demand seeks a minimum price for pig iron to enable bulk orders. Carnegie Steel expands furnaces toward May capacity while several plants operate and more idle mills await demand.
MENTIONED IN THIS ARTICLE
New York Times
Pittsburg
United States Steel Corporation
Carnegie Steel Company
Midland
Midland Steel Company
Edgar Thomson
Pennsylvania Railroad
Homestead
Duquesne
New Castile
Youngstown
Idie
Mingo
Bellaire
Columbus
American Sheet and Tin Plate Company
Bessemer
Valley Furnaces
Hall
Republic Iron and Steel Company
Sharon
Penn
Hapnah
Canal Dover
Ohio
Pittsburg Steel Construction Company
American Bridge Company
Berlin Boerse Quiet Amid Mixed Market Signals
Berlin reports a dull week with activity centered on the American market. New York bear party losses, Deutsche Bank optimistic signals, and Bank of England rate cuts failed to lift German manufacturing gloom as Reichsbank discount rate remained stagnant.
MENTIONED IN THIS ARTICLE
New York Times
London
Bank of England
Stock Exchange
Capel Court
Tweedmouth
Wall Street
Union Pacifics
Germany
Reichsbank
Berlin
Deutsche Bank
First virgin copper found in Montana near Helena
Helena reports a new copper vein near the city measuring about three and a half feet wide. Lake Copper Company's Ontonagon shaft reaches eighty feet with cores showing strong values. Copper output in February 1907 for Old Dominion reaches 2,320,000 pounds as mining activity expands with several mines developing new veins and ore bodies.
MENTIONED IN THIS ARTICLE
New York Times
Boston
Helena
Montana
Lake Copper Company
Ontonagan County
Mich
Bisbee
Superior
Pittsburg
Colorado
Davis-Daly
Cactus
Old Dominion
Globe Consolidated
Also Mentioned on This Page
Europe
Amsterdam
Calumet & Hecla Co
Amalgamated Copper Company
Butte
Western Maryland Railroad
Hepburn Railroad
Bank of Germany
United States Rubber Company
Little Trading IN
France
Redmondsco
Chestnut St
Philadelphia
Pine St
New York Stock Exchange
Spencer Trask & Co
William and Pine Sts., New York
New York City
N. W. Halsey & CO
Bankers
Wall St
Chicago
San Francisco
Blair&co
Broad ST
Travelers Letters of Credit
Kountze Browuers
Broadway
Cedar St
Adams & Company
Wall Street, N. Y
Congress St
New England
Middle
Gulf and Southern
Northwestern Coveee
Southwestern
Texas
Louisiana
Pacific Ee Aeae
Canadian Lines
SCRIP
Pig Iron Men
THE
Boston Copper Gossip
Potter, Ghoate & Prentice
Hanover Bank Building
Edwart B. Smith & Company
Pine Street
Chestnut Street
Nassau Bank
Nassau and Beekman
Dominick & Dominick
Broadway, N. Y
United Bank Note Corporation
Broad Street
Resources
Casimir Tag
Sam's
M. Schafer
J. F. Frederichs
Michael M. van Beuren
Mulford Martin
N. Y. Stock
Simon Borg & CO
Nassau St
Investment Securities
J. G White & Company
Ine Engineers & Constructors
N. Y. Stock Exchange
J. F. Pierson, Jr
Exchange Place
Anti A Island Ferry CO
A. J Elec
Oe Gas & Electric
Milwaukee
Lieb Heat & Od
Gaake
Geek St
Ght & Power Co
Leonard F. Hepburn
Bertron, Storrs
Griscom
Land Title Building
Henry Claws & Co
Boissevain, & 60
Adolph Bereevas & CO
Holland
Lawrence Barnum Co
Washington
Wlliam P, Bonbright & Co, Bankers
George St. Mansion House
E. C
Colorado Springs, Colorado
Amer
Iron & Steel Ptd
Iron & Steel Com
Internat
Syracuse
Metropolitan Street Railway Co
C. L. Parmelee & CO
Primrose
BRAUN
Cripple CooCentral
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!