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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Mar 05, 1908
Page
3
The Iron Trade Review notes March business steady with modest improvement across lines. February transactions rise vs January as demand, especially from railroads, nudges toward optimism. Production reports show 1,233,074 tons in February against 1,951,813 tons in January.
Encampment advices report the Penn Wyoming Copper Company is stringing four miles of heavier cable on its 16.5 mile aerial tramway from Ferris Haggerty to No 3 station to handle higher ore tonnage headed to the smelter starting April 3. The Montana Mining Association has formed a permanent organization with officers M L Hewett as president and T L Greenough as vice president, aiming to support or build an independent smelter. The Mexican Mines Prospects Development Company, based in Mexico City, is organized in Arizona with a 2.5 million dollar capital to operate about twenty Mexican mining properties in various states including Pueblo Zacatecas Jalisco and San Luis Potosi.
A dense table from 1908 shows railroad earnings by company for the fourth week of February and year-to-date through February 28. It lists gross earnings, operating expenses, and net earnings for lines including Canadian Pacific, Colorado & Southern, Denver & Rio Grande, Iowa Central, Minneapolis & St. Louis, Wabash, Gulf & Ship Island, Hocking Valley, Illinois Central, Interoceanic of Mexico, Louisiana & Arkansas, Mexican International, Norfolk & Western, National of Mexico, Yazoo Mississippi Valley, Delaware & Hudson, Hidalgo & Northeastern, and Missouri Pacific, with numerous figures spanning months and totals for 7 months or year-to-date.
In New York dairy market notes, beef receipts totaled 1402 head with 55 cars for slaughterers and 20 for the market. Trade was quiet with steers and bulls steady, thin cows down from Monday, medium and good cows down. Dressed beef in stock, Liverpool and London markets unchanged. Calves, milch cows, sheep and hogs listed with varied prices and multiple dealers named. Ships and shipments described for Morris Beef, Swift Beef, and related firms. prices given in dollars and pounds for various weights and grades.
Fragmentary OCR of a historical financial ledger shows mixed figures and partial entity names including mentions of Munich and Mexico. Reading is hampered by missing context, unclear item descriptions, and illegible numbers, leaving the exact transaction or its parties uncertain.
Chicago reports 20,000 head cattle with receipts estimater lower and steady hogs around 4 40 to 4 50, calves and feeders varying by region. Cincinnati, Buffalo, and Pittsburgh show steady to higher cattle and hog tone, Western sheep steady, and yearlings and stockers mixed as buyers stay cautious.
The report notes quiet trading in coffee with 1,500 bags sold and prices mostly unchanged or slightly lower due to a holiday. Cotton also shows a quiet session with initial gains fading, futures near steady, and spot prices steady for middling upland. Beratung: multiple markets show subdued activity and mixed signals from overseas, with notable inventories and forthcoming reports affecting sentiment.
New York reports steady to weaker demand across beans and peas with mixed grades. Domestic white beans show limited supply and weaker kidney prices while marrow and duty grades hold steady to higher. California stockpiles and creameries reflect modest activity and cautious buying, with cheese and dairy items showing slight shifts as markets narrow.
International and Great Northern Railroad Company bondholders petitioned to act as a Protective Committee after default on interest due March 1 1905. They deposit bonds with Farmers' Loan and Trust Company New York and sign a Bondholders' Agreement filed March 2 1905 with the repository. Cox Marston Hay Strong Cadwalader act as committee counsel.
A fragmented price list shows assorted vegetables and dairy products with various regional prices. Entries include horseradish, kale, onions, leeks, radishes, tomatoes, peas, cucumbers, lettuce, and mint among others, with per basket, per crate, or per hundred bunches pricing. The note also mentions a citywide drop in bottled milk to 5 cents per quart and a daily rise in exchange prices for cream and cloverseed futures.
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