Magnates Reconcile Over Railroad Bond Underwriting
J P Morgan Co will co operate with Kuhn Loeb Co in underwriting Pennsylvania Railroad bonds. The move signals renewed friendly financial relations between the two firms and ends any lingering ill will from the Northern Pacific contest and Northern Securities litigation.
MENTIONED IN THIS ARTICLE
New York
J. P. Morgan & Co
Kuhn Loeb & Co
Pennsylvania Railroad Company
The
Stock Exchange
Northern Pacific
Northern
Georgia Supreme Court Rules Stock Subscriptions Liable
The Georgia Supreme Court rules that a subscriber to capital stock becomes a participant in a creditors trust fund and is liable for par value or the difference if paid less. The obligation also attaches to stock transferees who know full value has not been paid.
MENTIONED IN THIS ARTICLE
Atlanta, Ga
Supreme Court of Georgia
Bonds Close Mixed Across U S Market Values
New York bond prices edged mixed after Tuesday trading, with various U S government issues and corporate issues showing small gains or losses from Mondays close. Notable levels included U S 2s around 104 3/4, 4s near 132 1/4, and several railroad and industrial issues trading within narrow bands.
MENTIONED IN THIS ARTICLE
N.r
N.c
Cc & O
C& S
D&rg
Erle P
Record Cotton Crop Sets New U S Ginning Peak in 1904
Census Bureau bulletin shows 1904 cotton ginned total at 18,597,782 bales including linters, equal to 18,584,457 bales of 500 pounds. Previous peak was 1898 with 11,274,840 bales. U S prices varied from 6.22 cents in 1897 to 12.42 cents in 1908.
MENTIONED IN THIS ARTICLE
Washington
Census Bureau Today
Market Irregularities and Weak Tone Dominate New York Stocks
The March 28 report from New York Consolidated notes a generally liquidating, not strongly bearish, market with irregular activity and a late rally from short covering. Lower prices are expected to recur before week’s end as authorities monitor potential further declines.
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New York
W. B. Smith & Co
Congress Street
Amalgamated Copper
American Sugar
Arch
Topeka & Santa Fe
Sti
Brooklyn Rapid Transit
Chicago
Mil
St. Paul
Metropolitan St. Railway
Missouri Pacific
Pennsylvania
Union Pacific
United States Steel
Standard Oil Man Elected Bank President
Alfred H. Curtis, cashier of the National Bank of North America of New York, was today elected president, succeeding R. L. Edwards who resigned after the return of Charles W. Morse and Morse’s re election as vice president. Edward T. Bedford of Standard Oil tendered his resignation as director.
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Alfred H. Curtis
National Bank of North America of New York
R. L. Edwards
Edwards
Europe
Charles W. Morse
Morse
Edward T. Bedford
Standard Oil Company
Bears Revel In Grain Pit
Reports from the Southwest on fall sown wheat boosted selling in Chicago markets. Wheat for June delivery fell 11 8 to 11 4 cents, May corn down 3 4 to 7 8, oats off 1 2, and provisions down 21 2 to 121 2 cents. Primary receipts 352700 bushels.
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Chicago
Liverpool
United States
Northwest
Tamarack Mining Company 1904 Annual Report
The Tamarack Mining Company reports 1904 copper production of 14,961,885 pounds at 13.24 cents per pound grossing 1,981,262 with total income 2,042,223 and net profit 38,851 dollars. Assets total 3,895,11 with surplus 815,882. Directors blame poor results on temporary issues while noting large new ground and expected higher production in 1905.
MENTIONED IN THIS ARTICLE
Tamarack Mining Company
Douglas Plan Reported for Industrial and Technical Education Commission
The education committee reported a resolution to create the Commission on Industrial and Technical Education. It will include nine members from manufacturing, agriculture, education and labor, with compensation set by the Governor and council. The panel must report to the Legislature by the second Wednesday in January next year and may hire experts, travel, and incur approved expenses.
MENTIONED IN THIS ARTICLE
Douglas
Committee On Education
Senate
Commission On Industrial and Technical Education
Roosevelt Accepts Dominican Debt Financing Plan
Washington March 28 President Roosevelt has decided to accept the Dominican governments plan to control the republics finances to set aside revenues for debt payments. Dominican officers will collect and hold the funds with approval by this government. The arrangement ends when the Senate acts on the treaty.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Dawson
Republic
Senate
Exiles Revolt Against President Morales in Santo Domingo
Advices from Monte Cristi report General Barba landing with Dominican exiles and residents rising against President Morales. The Monte Cristi district is ready to back former President Jiminez and awaits a signal to take up arms.
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Cape Haytien
Hayti
Monte Cristi
Republic of Santo Domingo
Barba
Morales
Jiminez
Stockholders Probe Ubero Plantation Company
Boston stockholders formed a four member committee to audit the Ubero Plantation Company accounts and investigate business practices. A 300 strong meeting at Tremont Temple heard no evidence of fraud though dividends were unpaid due to failed side crops. The committee will report at a future gathering.
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Boston
Ubero Plantation
Gilbert Hall
Tremont Temple
Bradford S. Tolman
Waltham
W. C. Wales
Bradford
Tolman
Mitchell Freeman
Edwin 0. Childs
Cambridge
Charles S. Sampson
Hugh W. Ogden
Edwin O. Childs
James E. Bartlett
Plymouth
B. S. Tolman
Fall River Pastor Called to Lexington Parish
At a Unitarian Church meeting in Lexington on March 28, the Rev. John N. Wilson of Fall River was voted to receive a call to become the church's pastor.
MENTIONED IN THIS ARTICLE
Fall River
Lexington
Unitarian Church
John N. Wilson
Three Births Reported Aboard Pretoria in Atlantic Gale
New York says the steamship Pretoria, arriving from Hamburg, reported three steerage births during severe Atlantic weather. One seaman was blown overboard and lost. A five-ton lifeboat aboard the ship was torn loose, landed on the bridge, and was pierced by two stanchions. Lieutenant A Vargoes of the Russian army traveled to San Francisco to oversee Russian transport matters.
MENTIONED IN THIS ARTICLE
New York
Pretoria
Hamburg
Atlantic
A. Vargoes
San Francisco
Expressman Injured in Melrose Trolley Crash
Melrose March 28 George Carrier expressman of 18 Laurel Street Cambridge had his right ear nearly severed and other serious injuries when his wagon collided with an electric car while crossing the tracks. The wagon was badly damaged.
MENTIONED IN THIS ARTICLE
Melrose
George Carrier
Expressman
Laurel Street
Cambridge
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