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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jul 20, 1908
Page
19
Rail and mining issues mixed with minor gains and losses. Notable entries include Am Steel, Micmac Mines, Nevada Cons, and Nevada Utah shares showing varied price movements while several larger aggregates and railroad notes drift.
An analysis of reports that Germany seeks to place German securities on the Paris Bourse. Finanzheroid Krankfort and M Turon deny any German intent to push such listings. Berlin sources say the government and leading financiers would reject any plan, citing financial strain and revenue issues at home.
Receipts for the week include cattle, sheep and lambs, and calves. Beef cattle show varied prices from common to choice with bulls and cows in several ranges. Lambs and sheep steady to higher, with extra and choice grades noting price levels amidst broader market activity.
Last week saw new yearly highs for many stocks and robust foreign buying of American bonds. Banking remains optimistic as money stays easy, rail rates debate looms, and crop prospects brighten with bumper yields. Prices on securities rise while freight and steel demand hint at a broader revival, aided by strong exchange and improving industrial activity.
A market table lists shares traded last week with high, low and close prices, week changes, and year figures for numerous railroad and industrial stocks. It includes American and Canadian rail groups, sugar, copper, steel and telegraph firms, with detailed weekly and yearly price movements and notable cross listings.
The Tribune lists first week July results for thirty six railroads showing a total loss of 1 400 614 dollars, about 14 5 percent, and ten roads for the second week with losses of 572 489 dollars around 12 percent. The figures compare to prior periods and include references to company totals and December figures.
Clinton Gilbert reports on a listing of trust and surety firms with bid and ask figures. Includes Alliance Realty Mercantile Mutual United States National Surety and other entities, with scattered figures and abbreviations across multiple company entries.
Grant's Pass Oregon July 1 The Rogue River valley may see heavy railroad building in the next two years. Three surveying parties are at work for different firms. One plots an electric grid tapping valleys to Coos Bay. Nine parties reportedly back Southern Pacific interests amid fertile farming and timber, coal, and mining prospects.
A readout of various iron and steel company bonds with due dates ranging from 1915 to 2015. includes Dominion Iron and Steel Co 5s July 1924, Lackawanna Steel Ist 5s due April 1912, US Steel Corp Illinois Steel Co bonds due 2015, and related sinking fund notes.
The lower Southwest field saw a new strike in the Hi- Cove pool at Brook County yielding 100 barrels daily at week end with ongoing life in the old area. Followsbee pool in same county faced setbacks from dust as tests near Hal Holidays Cove pool advanced. Walton district Roane County reports a third test for a promising Injun sand producer with fair district productivity. Jinnings district Louisiana reports a 1000-barrel well with prospects for a large future field. Refined petroleum prices hold steady around 47 1/2 to 48 cents in New York and Philadelphia price levels, with imperial gallons priced in Bremen at 63 5 mar.
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