Hill Sees Restoring Economy Amid Rail Strain
James J. Hill arrived back from the West and forecast a normalizing business climate if critics halt their "ghost dancing." He warned railroads may cut dividends due to weaker manufacturing, except in the Northwest where agricultural traffic is steady. He noted Great Northern’s dividend resilience during prior panics and dodged questions on a Senate rescue inquiry into the Northern Pacific estate deal.
MENTIONED IN THIS ARTICLE
James J. Hill
Mr. Hill
Northwest
Sid Mr. Hil
Hill
Great Northern Y
United States Senate
Herburn
Northern Pacific
New Haven Earnings Fall on Railroad Report
The New York New Haven Hartford Railroad earnings for January are expected to show a loss of 3400,000 to 33590,000 after operating expenses including a significant cut in train services. Fixed charges Rise with new debentures, while credits may offset the loss through various savings and a textile goods revival.
MENTIONED IN THIS ARTICLE
Econ Haven
New Tork, New Haven & Hartford Railroad
Januery
Gemurrege
Naugatuck
Insurance bills pushed by Life Insurance Presidents
The Association of Life Insurance Presidents led by Grover Cleveland’s chairmanship plans immediate action for new legislation in Albany. Bills aim to repeal Section 7 surplus limits, allow dividends on impaired lives, and adjust compensation of event tech. Robert Lynn Cox to handle introductions as secretary. Meanwhile International Paper in Gary plans plant closure with about 200 workers affected.
MENTIONED IN THIS ARTICLE
Association of Life Insurance
Nich
Grover Cleveland
Albany
Tribune
Robert Lynn Cox
Armree Comets
Life Osrers’ Association
Republic Company Cuts Wages 7 Percent
The Republic Iron and Steel Company on February 1 announced a seven percent wage cut for furnace employees. The reduction affects plants in the Meho ning and Shenango valleys, impacting over six hundred workers.
MENTIONED IN THIS ARTICLE
Republic Company
the Tribune
Republic Iron and Steel Ag
Mehoning
Shenango
Realty Notes Show Leases and Transfers Across Buildings
Real estate notices list multiple lease actions and ownership transfers. Betsy Wilcox Donchian Brothers and the American Leather Goods Company are among firms with space details, including 2,400 square feet and five floors at No 9 West 20th Street. Officials note committee appointments for taxation, statistics, and transportation tasks as mortgage activity cites 325,000 dollars.
MENTIONED IN THIS ARTICLE
Ation
Hes Ieasec
Ing
Pearlet
Carl Falk
T! Prilding
City Ball Place
S. Cad Furk
William * Gorman
Marehat
Wilcox
Fesmer Sans Donchian Brothers No
Dizer Peur Ang & Ger
Furia
Eae & Chumen
Toe Brokers
Am Tin
Stay on Steel Concern Faces Refinancing Order
An order to show cause why a proposed refinancing plan should not be enjoined was granted by Vice-Chancellor Howell in Jersey City. The plan would exchange each preferred share for 77 new stock dollars, 20 debentures and 3 cash, and issue 3 dollars of new common stock per preferred share, reducing authorized capital and potentially diverting assets to satisfy preferred stockholders.
MENTIONED IN THIS ARTICLE
Ameri Steel Foundries Company
Uniteld Steel Corporation
Howell
Jersey City
Edward M. Cokie
David Strauss
New York City
Strauss
Venture Corp Buys La Rose Mine In Canada For 5 Million
Venture Corporation of London announced completion of the purchase of the La Rose mine in the Cobalt district of Canada for about 5 million dollars. The eighty acre Coleman Township property is largely owned by Timmins interests, with English capital increasingly active in the Canadian silver camp. Copper and brass markets show firmer demand as output and smelting progress expand in the field.
MENTIONED IN THIS ARTICLE
Venture Corporation
London
la Rose
Cobalt
Canada
la Rose Mine
Timmins
Coleman Township
Engish Capital
Earl of Chesterfield
Cobalt Central
Tintic Camp
Colorado
Iron Blossom
Walker
Short Measures Reported in Pittsburg Market
Telegraph report from Pittsburg on February 7 notes that sealers of weights and measures found no liquid quart measures exceeding a pint and three fourths on the first day the law operated. Dealers raced to obtain standard measures but Pittsburg lacked them. Half the dry measures were short.
MENTIONED IN THIS ARTICLE
Tribune
Pttsburg
North Side
Pittsburg
Coal Production Curtailed Across Lehigh Valley Collieries
An accumulation of coal led the Lehigh Valley Coal Company and affiliates in the anthracite region to suspend work today until Monday. It marks the first curtailment since 1906 and all firms are planned to operate at two-thirds time weekly.
MENTIONED IN THIS ARTICLE
Wilkes-Barre
Penn
Lehigh Valley
Business Troubles and Involuntary Bankruptcies Noted
A report lists several insolvencies and assignments to creditors. Firms include R Fardenson Co clothing at 7 Eighth Avenue and Freight Publishing Co of Nassau Street. Debtors involve Anthony Gbergean Leror Clare Alfred Gottlieb and others with substantial noted assets and varied creditor claims.
MENTIONED IN THIS ARTICLE
Robert Bardernson
Isaac Henris
T. T. le Berthon
United States District Court
Anthony J. Gbergean
West 18Th Street
Leror Claré
Anton Arnhitter
East Sol Street
Armstrong & Co
New Haven
Peter Barry
Francis HW. Griffen
Frank and
Thomas_ Lane
Monticello
Sullivan _ County
George A. Zapriskie
Seyer & Fancher
Moss Brothers
Alexander Green
M. Isaacs
Max Rosenthal
Leo Canda
David Kessler
S Kaplan & Co
Levy & Friedenthal
Northern Bank
Simon J. Kaufman
American Woollen Company
German Exchange Bank
Rece
State Banks Report Publicly Reveals Conditions of Banking
The city publishes for the first time the condition of all state banks and trust companies alongside Clearing House banks. State reports will be distributed after the Associated Banks statement and include totals at the close of business the day before. Columbia Trust reports its weekly averages with reserves and deposits, noting a 22.2 percent average reserve.
MENTIONED IN THIS ARTICLE
Clark Williams
State Superintendent of Banking
Associated Banks
Clearing House
Learing House
Columbia Trust Company
Williams
Eof Banks
New York City
Bank Certificates Reduced Half After Suspension
Charles A. Hanna the receiver of the National Bank of North America said the bank has retired to date 1 000 000 of 2 200 000 Clearing House certificates outstanding at its suspension on January 27. He also noted the New Amsterdam National Bank has retired the last of 5 000 Clearing House certificates cut when he took charge.
MENTIONED IN THIS ARTICLE
Charles A. Hanna
National Bank of North America
Hanna
New Amsterdam National Bank
New Amsterdam
Decrease in British Trade in January Statement
The Board of Trade reports January shows a $20 22,500 drop in imports and a $3 214,000 fall in exports. Imports decline mainly in raw materials and metal manufactures while exports fall in manufactured goods.
MENTIONED IN THIS ARTICLE
London
Board of Trade
Print Cloth Market Faces Quiet Week in Fall River
Fall River Mass February 7 The print cloth market reports about 40 000 pieces sold this week with demand for goals weak. Production exceeds sales leading to little goods accumulation as curtailment plans begin to offset surplus. Quotations show 28 inch 64 squares 41 c 28 inch 64 by 60 3 c 38 2 inch 64 squares 53 c and 9 inch 68 by 72 6 ig c.
MENTIONED IN THIS ARTICLE
Fall River
Mass
Mortgage Sale Of Lovejoy Home Sought In Sheriff Sale
The $750000 Lovejoy estate known as Lovejoy's Folly will be sold to satisfy an $82000 mortgage. F T F Lovejoy built a magnificent but impractical property with a $125000 garage. He earned $16900000 from the Steel Trust formation and later lost it in gold mime ventures.
MENTIONED IN THIS ARTICLE
The
Tribune
Pittsburg
F. T. F. Lovejoy
Wheat Surges on Government Seed Purchase Outlook
Chicago grain markets rallied as the Canadian government reportedly bought near 1,000,000 bushels of U S wheat for seed and exports to Argentina surged. May wheat gained to near day highs while corn and oats rose and provisions weakened on plentiful hog supplies.
MENTIONED IN THIS ARTICLE
Chicago
Argentina
Commission
Winnipeg
Bradstreet’s
Minneapolis
Duluth
Cattle and Hogs Prices Across Markets Report
Telegraph market update from Chicago Cincinnati Buffalo and other centers shows cattle, hogs, and sheep at mixed, mostly steady to lower hinns. Prices list beef and veal ranges, hogs mostly 4.0 to 5.0, and sheep and lambs in the 4.0 to 7.0 region with regional receipt totals noted.
Markets Turn Quiet on Coffee and Cotton Factors
New York February 7 1908 quiet coffee market with limited movement and receipts at two ports totaling 21 000 bags while January receipts show a drop from last year Cotton market irregular with a near term decline and promising signs of reduced consumption. Export demand from Southern mills cited and Liverpool spot activity steady at modest gains.
MENTIONED IN THIS ARTICLE
New York
Havre
Hamburg
Rio No 7
King
Canada
Gulf
Mobile
Savannah
Charleston
Lir
Wilmington
Miec
Iliac
Baitmore
Houst
Galveston
New Orleans
Cotton Exchange
Liverpool
Manchester
New York Produce Market Shows Strength in Beans and Peas
The 1905 market report notes firmer prices for domestic all white beans and red kidney beans, with white kidney cheaper and soup beans steady. Peas show a quiet to firm tone while butter and cheese markets rise on export demand and cold shipping conditions. Eggs and fruit supplies remain variable with overall steady to firm demand for fresh stock.
MENTIONED IN THIS ARTICLE
York
Tima
California
Western
Heid
E&kims
Liverpool Cabie
Market Prices Drift With Mixed Returns Across Staples
The market shows quiet activity with no change in grain and produce softness. Poultry shipments move slowly. many cars remain unsold while live stock pricing holds steady for turkeys chickens ducks and geese. Vege tables and fruits display varied demand with Florida shipments and California items rarely shifting as buyers balance supply and price.
MENTIONED IN THIS ARTICLE
Pacific Coast
Ge Gormany
Lacey Bales
Beatlers
Philadelphia
Pennsylvania
Ohio
Michigan
Philadela
Indiana
Florida
New Orleans
California
Bermuda
Longe Island
Maine
State
Pennsylvenia
Western
Jersey
Artichokes
Anish
Escarole
Kale
Norfolk
Komlrabl
Leeks
Connecticut
East
Orange County
OKRA
The
PEAS
Curly
Romaine
Hubbard
Canada
Long Island
Beef and cattle market report from New York port
Receipts 175 cars 3082 head with 48 for export alive. Cattle market firm as light receipts hold bulls up to 0.5 higher and cows 0.1 higher. dresses steady. Shipments to London and Philadelphia ports planned. totals for week include 1765 cattle 1044 sheep and 1350 quarters of beef. Calves firm. hogs 2722 head with stable country dressed prices.
MENTIONED IN THIS ARTICLE
Chicago
Cincinnati
Buffalo
Tve
Piga
Neas
Pittsburg
York
Roger Sc
New York
Jersey City
Dresser
Liverpool
London
Minneapolis
Schwargschild & Suisberge
J. Shamberg & Seon
J. Stern & Son
Philadelphia
Southampton
Armour & Co
Schwarzschild & Suisberger
Morris Beef Company
Pennsylvania
Sanders
McPherson & Co
Kentucky
St. Do
Kerns Commission Company
Illinois
Judd & Co
ST Lee Ae
Inforior
S. Samiers
Pat
Fim
European produce market clears few futures on Wheat Corn and Peas
The report shows mixed activity in WHEAT with near months quiet trading around 6d to 6c and July at 74. CORN spot and new US prices steady with northern futures near February and March. PEAS steady while FLOUR and HOPS in London remain steady. PORK and HAMS range from 28 to 41s with various cuts maintaining or easing slightly. LARD WEAKNESS noted alongside reduced demand. CHEESE firm with Canadian white and colored varieties steady. TURPENTINE and ROSIN steady to easy with petroleum refined and linseed oil quiet.
MENTIONED IN THIS ARTICLE
Vance
Paris
Berlin
Budapest
Duluth
Commission House
Liverpool
New York
Sradstreet
Yenter
Chicago
Ccccennecs
London
TRON
Standard
Cleveland
Northern
SIT
New Orleans
Philadelphia
Calcutta
Kansas City
Omaha
Pork St
India
South America
Deans, White
Dbis
Dave Straw
Pennsylvania
Northern Spy
Baldwin
Cape Cod
Jersey
Florida
Gatsumas
Pacific Coast
Patia
Caar
Yi Petroleum
Ledyard and Pratt Resign From Boston & Maine Board
Boston Feb 7 Lewis Cass Ledyard and Charles M Pratt of New York have stepped down as directors of the Boston and Maine Railroad Company. Thomas P Beal of the Second National Bank and A N Aldrich of the State National Bank are chosen to replace them as new directors.
MENTIONED IN THIS ARTICLE
Boston
Lewis Cass Ledyard
Charles M. Pratt
New York
Boston & Maine Railroad Company
Thomas P. Beal
Second National Bank
and & N
Also Mentioned on This Page
New Havens
Wider
Internsial Paper Company
Gary
Ming
International Paper
Com- May
American Foundries Company
Connecticut Valley
State Banks Report
Lovejoy Home
Chicago Grain and Provisions
May
Gige
Tee
Sac
St'sc
Telegraph
General Market Report
United States
Great Britain
Kansas
New York Produce Exchange
Yancy
Armora
Wercome
Nly
Seaboard
Japan
Patna
Rangoon
Bassein
Cuba
Ticmuscovade
Rio
Brunswick
Orleans
Port Townsend
New
Pensacola
Molle
Port Arthur
Sabine Pass
Tacksonville
Texas
Emgle Pass
Tex
Baltimore
Paso
Laredo
San Boston
Newport News
Francisco
Country Produce Markets
Rt 3
S. Sanders
Newton & Co
Ledyard and
PRATT
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