Foreign Gold Coming Prices Tempt Investors
Special to The Washington Post from New York dated July 10 notes stock market strength despite drought and crop damage reports. It cites improved foreign trade, rising gold imports from Europe, and a large net gold balance, suggesting potential buy opportunities as dividends may sustain prices. It discusses bankers' tightening in the West, credit resilience, and expected crop movements in autumn.
MENTIONED IN THIS ARTICLE
Washington
New York
Dakotas
Minnesota
Wall Street
Europe
London
Chicago
Milwaukee
St Paul
Atchison
Wall Street Speculators and Railway Earnings Outlook
The article discusses intensified Wall Street speculation since the panic, with railways showing reduced net earnings due to increased operating costs and new freight tariffs. It notes efforts to fund improvements at carriers like Atchison. It also forecasts harvests with corn and cotton prospects, predicting a record corn crop and a cotton yield near 13,000,000 bales.
MENTIONED IN THIS ARTICLE
Aroady
Atchison
Steel output trimmed as demand softens across sectors
New York steel mills and blast furnace interests scaled back production after July to align crude and finished product supply with demand. Merchants report rising inventories despite shipments, with foundry iron and structural steel contracts indicating modest activity. Large orders loom in New York City areas, including post office, terminal, and hotel projects.
MENTIONED IN THIS ARTICLE
New York
Culy W
Aittle
New York City
Pennsylvania Railroad
New York Central Terminal
Thirty-fourth Street
Gold Imports to Be Heavy This Season
Treasury officials foresee a strong gold import movement from Europe, possibly around 40 million by Christmas. Last fiscal year the U S drained more than 50 million in coin and bullion. experts expect homeward gold flow to follow ordinary trade. Continental banks seek to bolster reserves, with London inquiries and loans to Argentina driving shifts. Net U S coin loss last year reached 2.61 million, while coinage offset the drop. Gold bullion imports July through April stood at 18.25 million with exports at 27.63 million.
MENTIONED IN THIS ARTICLE
Treasury
Europe
United States
London
New York
London Rates Fall Thwarted by Gold Demand
London reports show a rise in gold shipments to New York totaling 360,000 pounds easing discount rate declines. Anxious stock exchange activity continued as liquidity liquefied, with mining and local iron shares weakening amid bank insolvency rumors. Paris bourse also faced downturns as bull speculators capitulated amid railway strike talk. Copyright 1910 The New York Times.
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Washington Post
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New York Times
Hesperus Aground After Collision With Addie M Lawrence
The German American oil tanker Hesperus, capt Dalldorff, arrived in port with a broken foremast bow and rail after a collision in fog with the six masted schooner Addie M Lawrence, bound Boston to Philadelphia. No serious danger reported for Addie M Lawrence, which carries coal cargo.
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Washington Post
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Dalldorff
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Addie M Lawrence
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Philadelpha
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