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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jul 12, 1908
Page
6
Officers and directors of leading manufacturing and commercial establishments expect trade to rise steadily in the rest of the year. The revival is attributed to restored confidence and excellent crop prospects with indications of heavy rail traffic. Industry and commerce move toward normal levels.
SavannahJuly 11 Bankers unite in pro claiming that hard times have passed. The banks have plenty of money to lend, and the failure of any borrower to obtain an accommodation can be charged to the inadequate character of his collateral rather than to any shortage of funds.
Colorado escaped the worst of last fall’s financial panic. Mines and smelters kept running while railroad shops cut hours and Union Pacific reduced section forces. Central Colorado and Eastern Power laid off two thousand workers due to Knickerbocker Trust failure, then rehired, leaving only a small pool of idle men left in the state.
Omaha reports factories and shops running full time with several large undertakings. Warehouses for wool storage and processing rise, McKeen gasoline motor cars will be manufactured by Harriman-backed company, and a new manufacturing suburb grows as a car repair firm and stove company take land in recent weeks.
Milwaukee reports rising orders in June up 30 to 50 percent from May with Allis Chalmers running at about 70 percent of normal. Heavy iron firms like Thomas Forge resume full force while rail shops near full staffing for Pacific Coast extension. Idle workers dropped from 11,000 in November to boosted employment, though auditorium builders sought more labor, only fifty responding.
Des Moines Iowa July 11 bank clearings rise steadily since January and for the last two months exceed any previous Des Moines and Iowa banking records. The report notes continual growth in business activity and financial momentum across the region.
Conditions throughout the state, according to wholesale and retail merchants, lumbermen, stockmen, manufacturers and bankers, are better than normal, some estimating that sales are from 25 to 40 per cent better than ever before.
In Birmingham on July 11, the Tennessee Company a United States Steel subsidiary, reports eight thousand idle workers returning to work within a week as mills and mines resume last month. Payrolls will form this month and the prospect of thousands of dollars circulating in the district stimulates all local industry.
In eastern and southern Texas lumber camps employing about twenty-five thousand workers have resumed full operations after a two month shutdown. Ten mills intend to resume July 15 and railroads including Southern Pacific Santa Fe and others have reopened shops. Six thousand men have returned to work while oil field payrolls rose about thirty percent from the prior seven months.
Memphis reports June bank clearings 18 percent higher than a year earlier due to strong cotton sales. Mercantile business showed surprises in wholesale circles, with the month appearing less dull than expected.
Cincinnati reports a broad pickup in trade with clothing dry goods and shoe sectors near normal and expecting heavy fall business. Machine tools and metal work run at about 65 percent capacity, a 15 percent lift since the downturn began.
The Minneapolis freight report for June shows increases in all lines of business over May, issued by Wallace G Nye chair of the Public Affairs Committee. Only flour shipments fall slightly due to wheat shortages from recent floods.
About a thousand workers are recalled at Baldwin Locomotive Works in Philadelphia over three weeks with more expected. Business shows improvement though not strong, leading to orders extending shifts from five to eight hours daily for five days weekly.
Stuyvesant Fish traveling with Mrs. Fish aboard the New York predicted post election prosperity with Taft likely to win. He warned Republicans not to underestimate Bryan and forecast August hard times. He cited enormous crops and busy railroads but said net earnings would not rise due to high labor costs.
The Wheelmen's Club reached Chicago from New York on a bicycle voyage toward Paris. They will contest the journey in two years to win a purse of 2500 dollars. They departed New York on June 14.
Mrs Charles Rhinelander thirty six of 476 Warwick street Brooklyn died after her husband told her he felt he was about to die He is a well to do baker Rhinelander had suffered from nervous prostration and the family was not prepared for the tragedy
Marine intelligence details sunrise and sunset times, tides and moon phase, wireless reports on La Bretagne St Louis and California positions, and a long schedule of incoming steamers with destinations, lines, mail closes and sails for July 14 to Aug 1 passings.
Arrived listings show the Bayamo from Tampico and Progreso for Cuba Mails Co with cargo. Manna Hata from Baltimore for New York Baltimore Transportation Co. Italian Prince from Santos and Rio de Janeiro for Paul F Gebhard Co with coffee. Woglinde from Hamburg reported with June 24 call at the bar.
A mix of sale notices and ads includes instruments by old shops and specialists. Listings show a Stradivarius violin from 1721 and various items such as microscopes guns surveying tools and pigeon sales. Also included are billiard tables bowling alleys and detective services with multiple newspaper office addresses and late submission hours.
Shipping arrivals and departures noted with multiple steamers named by port of origin and destination. Vessels include Kaiserin Auguste Victoria from Hamburg to New York and Cherbourg, Monroe to Newport News and Norfolk, Sannio Ital calling at Hartfield and Naples, St Louis to American Line, Homerous to Buenos Aires and Montevideo, Bristol City to Bristol and Swansea, plus numerous others listed with cargoes, mails, and passenger counts.
A dated roundup of ships sailing to and from New York and various ports. Entries include Cherbourg routes on Deutsch land and Nord America from Genoa, with multiple lines from Naples Liverpool and Southampton and other major hubs.
A sale listing offers princess and two piece dresses in lawns and linens, guimpes, dimities, ginghams, and cotton voiles priced from 3.75 to 18.50. silk dresses from 12.50 to 39.50. linen coats 3.50. skirts in linens and poplinette 2.50 to 7.95. riding habits 15.75 to 18.50. chemises 95c to 6.75. drawers 98c to 5.95. corset covers gowns and petticoats 1.50 to 5.50. A large variety remains.
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