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This newspaper page contains 27 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Dec 15, 1908

Page

12

Kuhn Loeb Co In Spelter Maryland Financing Plan

Kuhn Loeb & Co. likely to finance Western Maryland reorganization, aiming to make the line independent. Plans follow a favorable report on the road’s condition under receivership, with development focused on a self-sufficient carrier of soft coal and not as a Gould ocean-to-ocean link.

Western Maryland Kuhn, Loeb & Co Wheeling & Lake Erie Gould Roads Dme Wall Street Ohn, Loeb & Co Wabash Gould Ithh Maryland Alvin W. Krech Equitable Trust Company Pittsburg Tidewater

Money Market Rates and Clearing House Report

Money on call on Stock Exchange at 2 to 3 percent with 8 percent closing. Time money 3 percent for sixty days, 3 1 2 percent for ninety days and four months, 3 percent for five and six months. Mercantile paper 3 4 percent for sixty to ninety days, 4 1 2 percent for four to six months single names, 5 percent for others. Clearing House says exchanges 188,999,994 balances 6,374,003. Local banks loss 15,337,000 this Friday vs 761,000 last week. Sterling demand 4.8715-4.8720, sixty days 4.85-4.8510, cables 4.8750-4.8760. Continental bills francs 5.19 1/16 plus 1/16 and 5.15 minus 1/16, reichsmarks 94 1/2 and 95 3/16 plus 1/32, guilders 40 5/16 plus 1/16. Exchange on New York Boston par se discount, Chicago 5e premium, St Paul premium, tusis 5c premium, Orleans commercial 1 to 1.25 discount, San Francisco 20c premium.

Stock Exchange Mercantile Clearing House Treasury Sterling Exchange Continental Reichsmarks Guilders New York Boston Chicago St. Paul Tusis Orleans San Francisco

Bar silver prices in London and New York cited

The report notes bar silver at per ounce in London and at 48 cents in New York. Mexican dollars are listed at 45 cents.

London New York

Coffee market briefs and voyage of shipments linger

Quiet spot activity with steady prices and March delivery sales of 3,500 bags at 5.20. Rio No 7 bids 64% to 66%. weekly warehouse deliveries reach 205,897 bags, with New York at 138,477 bags. Rio and Santos bets total 1 275,000 bags. year comparisons show 176,000 bags last year and 503,000 two years ago. Contract price ranges noted.

Iles Edon Sao Paulo Rio Sfotal United Pentes New York Santos

Financial notes and new brokerage firm openings

Passengers on the Celtic arrive from Europe. Charles A. Morse & Co. opens a branch at 477 Fifth Avenue led by H. R. Lingg. John Moller Jr. joins the firm Newburger Henderson Loeb at 100 Broadway. Axi H. Johnson Co. formed at 34 Pine Street with A. H. Johnson and Norman Barnesby handling bond business. William H. Flagg joins Lawrence & Co. as general partner. Spencer Trask & Co. distribute a prospectus listing investments on the New York Stock Exchange. Pell & Co. offer 200000 International Nickel 30 year 5 percent bonds yielding about 6 percent.

Sty P. Morgan Sjr E. J.berwind Celtic Europe Charles A. Morse & Co Fifth Avenue H. R. Lingg John Moller, Jr Stock Exchange New‘burger, Henderson & Loeb Broadway Axi H. Johnson Bo Co Pime Street Belog A. H. Johns Norman Barnesby Swilliam H. Flagg Tall Street M. Lawrence & Co 8 Exchange Spencer Trask & Co New York G. H. P. Pell & Co

Gilsey House Bankrupt After Insolvency Petition

Louis Frenkel proprietor of the Gilsey House on Broadway and Twenty-ninth Street faces bankruptcy filed by Ralph H Raphael for creditors Samuel Frank 726 John Patterson 114 and Landgraf Manufacturing 34. Archibald Douglas named receiver with $2000 bond as assets valued at 3500. Raphael cites Mobilities at 25000 and uptown hotels drawing away business. Frenkel formerly ran Hotel Albert at 65 University Place before taking Gilsey lease March 22 1907 at 43000 yearly rent with 15000 deposited as security.

Louis Frenkel Gilsey Broadway Twenty-ninth Street Ralph H. Raphael Samuel Frank John Patterson Landgraf Manufacturing Company Schwarzschild & Sulzberger Company Hojt United States District Court Archibald Douglas Raphael Frenkel Boston Albert University Place

Pennsylvania Railroad sells bonds for road improvements

The Pennsylvania Railroad Company sold 5 million dollars of Philadelphia, Baltimore & Washington 4 percent gold bonds to Brown Brothers & Co. and Edward B. Smith & Co. These bonds mature annually from 1915 to 1924 and were issued with authorization to increase indebtedness. Proceeds expected to fund improvements on the Philadelphia to Washington line.

Philadelphia Pennsylvania Railroad Company Brown Brothers & Co Edward B. Smith & Co Baltimore Washington

European Markets Report Strong Overall Despite Mixed Trading

London money steady with discounts, Paris gold demand heavy at 3 million, Continental news lifting foreigners. New York open led American shares to par while Sao Paulo coffee loan issues and bar silver, rates hold steady amid quiet Berlin and firm rails.

London Paris The Stock Exchange New York United States Steel Union Pacific Sao Paulo Continent

Metal prices ease and hold on London and New York exchanges

Transactions on the local Metal Exchange were light with copper unchanged from Friday. In London, spot copper fell 12s 6d, futures 17s 6d. closing quotes £62 12s 6d spot and £63 12s 6d futures. Tin at £130 10s spot £152 5s futures. lead £13 3s 9d. spelter £20 12s 6d. Iron warrants firm at 47s 8d standard foundry and 48s 9d Cleveland.

London Standard Foundry Cleveland New York Metal Exchange

Weather forecast for cotton and grain states Tuesday and Wednesday

United States Weather Bureau forecast for Tuesday and Wednesday covers many states. The report lists fair conditions across the South and Midwest with occasional changes such as unsettled weather in Oklahoma and Kansas and possible rain or snow in parts of Michigan and Nebraska.

New York Times Washington United States Weather Bureau North Carolina South Carolina Georgia Florida Alabama Mississippi Louisiana Oklahoma Kansas Arkansas Indiana Illinoia Michigan Upper Michigan Wisconsin Minnesota Iowa Missouri North Dakota South Dakota Nebraska

Supreme Court limits Interstate Commerce Commission power relations

The Supreme Court ruled the Interstate Commerce Commission cannot compel private railroad officers to answer questions about personal stock dealings even when tied to investigations of railroad companies. Justice Holmes led a majority that criticized the commission’s sweeping reach and rejected extending inquiries to individuals. Justice Day with Harlan and McKenna dissented, urging full questioning by the commission. Harriman and Kahn commented they would have answered if proper, citing confidentiality of corporate matters.

Washington, D. C Edward H. Harriman Otto H. Kahn Inter-State Commerce Commission Supreme Court of the United States Commission Justice Holmes Messrs. Harriman and Kahn Harriman Union Pacific Railway Congress United States Harlan McKenna Day Circuit Court Kahn Justice Moody

Panama Canal Bond Payments Boost Sub-Treasury Cash

The Sub-Treasury reported Saturday a cash gain of 10.523 million dollars, lifting the weekly total to over 15.3 million. The payments on subscriptions to the Panama Canal bond issue were made by a syndicate including National City Bank First National and J P Morgan Co with 10 million bonds allotted and about 20 thousand dollars added yesterday.

Sub-Treasury National City Bank First National J. P. Morgan & Co Sub- Treasury Panama

Canadian Northern Gains Control of Duluth Road

Official notice from Duluth Minnesota reports that the Canadian Northern Railroad has acquired controlling interest in the Duluth Virginia and Rainy Lake Road. The information comes in a letter from D Mann vice president of the Canadian Northern.

Duluth, Mimn Canadian Northern Railroad Duluth, Virginia & Rainy Lake Road D. Mann Canadian Northern

Great Northern Buys Duluth, Superior & Western

Deeds filed show Great Northern Railway Company of St. Paul and Allouez Bay Dock Company of Superior, a GN subsidiary, purchasing all property of the Duluth Superior & Western road Company for 2 829 256 dollars.

Great Northern Madison Wis Great Northern Railway Company of St. Paul Allouez Bay

Wheat and corn markets steady amid irregular trading

Trading was irregular as traders dominated activity while foreign markets showed limited change. Cash wheat in New York ranged 1.06 to 1.13 dollars with various grades offered. corn prices held steady with Liverpool improves and supplies shrinking, prices quoted for No. 2 corn at 66 to 66 and a half cents.

Liverpool New York Duluth Chicago National Biscuit Tool Illinois Brick Edison Subway Swift Booth Chicago Title & Trust National Biscuit Sears-Roebuck United Boxboard United Poxboard

New Owners Take Control of American Felt Company

George F. Willett of Boston and New England interests gain controlling influence at American Felt Company with Robert F. Herrick elected to the Directorate. Stockholdings rise from sales by aging directors and an estate. New board members include Dumont Clarke and Albert H. Wiggin. The American Belt Company, organized in 1899, has $5 million authorized capital and mills in New York New Jersey and Massachusetts.

American Felt Company George F. Willett Boston New England Robert F. Herrick Dumont Clarke American Exchange National Bank Albert H. Wiggin Chase National Bank American Belt Company New York New Jersey Massachusetts

German capital comes here in coke by products deal

The Oberschlesicher Kokewerke und Chemische Fabriken Aktiengesellschaft of Berlin has extended into this country by purchasing the United Coke and Gas Company ovens. It plans a 2 million dollar firm named German American Coke and Gas Company to operate the plants, effective January first. The American Coal Products Company will retain Barrett Manufacturing, while Elkins-Widener sellers gain representation and Baron Fritz von Friedlaender-Fuld heads the Berlin firm’s board alongside Ladenburg and Hallgarten officials.

Oberschlesicher Kokewerke Und Chemische Fabriken Aktion Gesselschaft Berlin Germany United Coke and Gas Company American Coal Products Company German American Coke and Gas Company Barrett Manufacturing Company Elkins-Widener

Rival Smelters Watch Utah Copper Plans

Reports of new competition for American Smelting Co spread in the financial district as Utah Consolidated Copper interests announce plans to build a smelter to process their ore and undertake custom work. The Garfield plant had handled ore previously, but a renewal contract could not be reached, prompting the Utah group led by Urban H. Broughton to pursue a competing facility.

Standard Oil Financial District Utah Consolidated Copper Interests Amalgamated Copper Company Utah Consolidated Copper Company

Stanilaus Power Co Sold to United Railways Group

The United Railways Investment Company announced arrangements with Stanilaus Water Power Company securites representatives to acquire and control the Stanilaus power assets. The combined system would have about 64 000 horsepower capacity with 40 000 horsepower surplus for sale, developed along the Stanilaus River in California.

United Railways Investment Company Stanilaus Water Power Cmpany United Railroads of San Francisco Stanilaus Water Power Company Stanilaus River Caliornia

Financial Progress in 1998 from The New York Times Annual Review

The thirteenth issue of The New York Times Annual Financial Review, published January 10, 1909, gathers leading bankers financiers manufacturers and political economists to discuss international banking state banks national banks trust companies railroad progress and American industries with statistical tables and diagrams to aid investors and students of financial history.

Financial Progress New York Times Annual Financial Review Dia Advv

Bankruptcies in New York firms include Napier and Bis kinty

The list details bankruptcy filings and receiver appointments for silk merchant Thomas S Napier of 113 Spring Street and Constantine Biskinty wholesale dealer at 60 Washington Street, with liabilities around 10 000 dollars and confirmed 15 cent on dollar compositions, plus numerous other debt cases and court actions across Manhattan.

Manhattan Dress Binding Company Abramowitz & Westerman Church Street Pee Oe of Constantine Biskinty Washington Street Holt Frank Malek East Seventieth Street Ela Nalyka William H. Rieger Wiliam H. Rieger West Sixty-first Street J. A. Reynolds Red Bank N. J James King Harrison & Byrd Wall Street Newman Springs Villa Samuel E. Rork Porges Simon Buch Cain West Thirty-eighth Street Prince Humbug Company Betsy Rubin Market Street Max Rubin Samuel Zechnowitz Samuel Lipschitz Harry Osterman Joseph Hyman Union Avenue The Bronx Isaac Mech Samuel Elfenbein Jonah Nadanofsky Third Avenue Blumenthal Daniel McKee Abraham Nechamkin East Broadway Harris Seegers James Ross Michael Handin Handin & Drabkin Leland 9. Stillman British American Insurance Company OF New York Seabury Supreme Court Eugene D. Hawkins Cedar Street San Francisco Edward Moosbrugger Union Square Sherman Park N. Y Federal Oil & Gas Company United Cities Realty Corporation Champion Silk Company Robert H. Ingersoll Lincoln Trust Company Hudson Trust Company European- American Bank Kaufman. Bros Harris Julius Kaufman Kaufman Bros East Eleventh Street A. M. Wisar James’ Bramson Charles May W. M. Beard Joseph Lichterhberg Brooklyn Pitkin and Stone Avenues Broadway Eighty-second Street Manhattan

Judge grants bankruptcy discharges for several New York and area debtors

United States District Court judge Holt discharged multiple bankrupts yesterday. Names include Winfield Basik flour and grain broker with 33 975 liabilities, Rufus Atwo formerly of Bella Vista Hotel with 4 511 liabilities, Ralph Boyarsky hotel keeper with 20 523 liabilities, Samuel West hotel clerk with 8 150 liabilities, Harry Gilmore saloon manager with 2 949 liabilities, Corin An liquor dealer with 12 123 liabilities, Anse Cooper salesman with 2 500 liabilities, Harold De Revere naval stores with 7 liabilities, Samuel Fischer printer with 2 326 liabilities, Lloyd and Thoman furters with 4 864 liabilities, Julius M Locker dry goods with 34 255 liabilities, Emil Schoemmel stereotyper with 765 liabilities.

Holt United States District Court Winfeld Basi Rufus W. Atwo Bella Vista Tarrytown Ralph Boyarsky Grand Street Rockaway Beach Samuel R. West West Fortieth Street Darlington Thirtieth Street Eighth Avenue Harry Gilmore Lexington Avenue Corin H. AN Broadway AL Nse Coper 164Th Street Harold F DE Revere Naval Front Street Samuel Fleischer Crosby Street Lloyd & Thoman Julius M. Locker Orchard Street Emil Schoemmel Southern Boulevard

Judgments Filed on Amounts Over One Hundred Dollars

A list of judgments filed yesterday shows debtors and creditors with sums ranging from $100 to $6,457. Notable entries include Reeve executors against L. Adams for $2,316 and City of New York against A. Winckler for $7,303 reversed. Other cases involve Bloomingdale S. J. against Keenan for $6,383 and Firemen’s Insurance Co. of Newark against Lite for $1,410.

Michael Pash Seas Ha Alexander Simon Leopoldenstein B. Salvin Bjork Joel M. C. Katz Capo Anténio D. Colucel Cleary John J Clark H. F J. E. Murphy B. K. Bloch Cohen Irvin D. T. Merritt Cohn Henr H. Newbury Chazsmer Albert E B. B. Marco Hudson Structural. Steel, Co Delaney J. J Fred K. Harrion John Simmons Co Drogge H.—Hudson Structural Steel Co Nn Fleischman Fleischman Floral Co Cut Flower Co Franken Bronx Metal Bedee Fernschild Dora H. G. Schloende Aos Fisher J.C Ins. Go N. Am Fagan James C S. Bovan Fleischman J.-A. Be Barr & Co Gilroy E. C H. B. Delatour Louey H. R Lion Brewery City Gemma E.—C. Ballarti Gerrodette J. E S. Bookman Hodecker Moneyweight Scale Co Heine, M B. Bernstein S. Altshuller Horowitz F. A. Clarke Hughes, Co. H H. P. Wadsworth R. Baker Hebby W. J.—Stanley & Patterson, Inc Hookey W. T L. Fig Hegeman J. B F. R. Brooke Co., Inc Kelller R. J M. Brainson Kugel A. L I. Korn Vom Lohman Josephine H. J J. O'Donnell Logan H. B. Kirkland Langdon Malilard Distilling Co Leto, S Maria A. Giordano Lawrence Geo. W C.aoe Lupo Ignazio Stone Hill Martin C. P E. D J. D. Stein, Inc Mayer Coal Tar Product _Co Maresca J. Russo C. Ciecola Mulcahy L. C. Wenkenbach McCoy John F Picasso Donato Rod Barnet W M. Winkler Ritter Henry S F. J. Zimmerman Robinson Douglas A. H. Joline M. L. Duckey Schiffman L.—Merchants’ Union Ice Co Sues Ae P. Schell C. L. Adams I Schwarz Sol J. L. Taylor & Co Strulovich Herold J. Bernstein Sweet, Viola—Same Smith, John—Hollywood Co Tregoning, &—V. Loewers Gambrinus Brew. Co Talbert A. Stackler Timmermann H. G E. B. Dahlgren Hamilton Trust Co Wells F. H.—West F. Bontenakels Finnie. Ory, Co Int Richt Gide Brown Amapire State Surety Co Kiel & Arthe Co T. D. Gaul Bloomingdale S. J B. Keenan Hughes F._ Rawson Pees Barcus J. H. Behrmann Meyer L. J Pinkus Brothers Pell T. R J. J. Michael Rich J. Q. Cohen Reeve W. Wood E. Ladd, Jr L. Adams City of N. Y A. Winckler Firemen’s Ins. Co Newark N. J D. Lite

Premium for Coffee Bonds in New York Offering

The New York issue of the Brazilian valorization loan totaling 75 million dollars opens with 10 million dollars in bonds offered locally and the remainder in London and on the Continent. Premiums in London and Paris hint at strong oversubscription with bonds bearing 5 percent interest for ten years, secured by coffee valued at about 77 million dollars and guaranteed unconditionally by the Brazilian Federal Government through São Paulo, the main coffee state.

Iw York London Lbs Suen Paris New York S20 Paulo Brazil

Houston Oil Company Wins Court Order for $90,000 Note Issue

Judge Lacombe of the United States Circuit Court signed an order permitting the Houston Oil Company to issue notes totaling $90,000 to redeem timber certificates and ape stock of the company. Brown Bros. & Co. are named as collateral for the notes along with Patrick Calhoun and John W. Kirby.

Lacombe United States Circuit Court Houston Oil Company Brown Bros. & Co Patrick Calhoun John W. Kirby

Global mercantile fleets and a Washington case

A Bremen notice notes shifts in world ship tonnage with 1903 a peak for Germany and a fall to fourteenth place for the Dutch fleet while Britain and other nations show gains. The article segues to a Supreme Court session in Washington over the New York Central Railroad fine of 108000 dollars for granting ship dates on sugar shipments to the West.

Bremen Germany Britain Norway France Japan Italy Netherlands Russia Sweden Ssseedees Austria Spain

Auction of Stocks and Bonds by J McCormack Auctioneer

Auctioneers J McCormack offer sale of numerous stocks and bonds by order of adminstratrix at Exchange & Room Vesey Street December 16 1908. The list includes Union Elevated R R Rochester & Pittsburgh Ry Continental Hamanee Co Keystone Telephone Chicag o etc with many named securities and holdings, plus real estate and mortgage details for account of various parties.

Adrian H. Muller SOM William Exchange& Room Vesey Street Union Elevated R. R Rochester & Pittsburgh Ry P. & Comalé Mtge Continental Hamanee Co Sea i Mates Io Co Aoe Steel Spring Co i Brooklyn Union Gas Co Keystone Telephone Co Phila Ist Seineraise & Lou. Ry. Co Bethienkes Bte Steel Co St. Loui Iron Mt. Fo Saya Ry Tand Gren Ber Orleans Terminal Co Peoples Gas Light & Coke Co. i Eexian Gunnee Co Abs Algama American Locomotive Co Frese International Ocean Telegraph ‘Co Consolidated Gold Co Virginia Standard Rope Porto Rico Ry. Co., Limited Woman's Hotel Co Wm. Cramp & Sons Ship. & Engine Building Co the Dynelectron, Co New Jersey Union Gas Co Southern Electric Securities Co P. c Southern Electric Securities Hudson River Realty Co Northwestern Commercial, Co Securities Corporation N. & Jersey Tunnel R Westchester Button Co Broadway Building Co Bull Co Roadway Ung Co Srippie Creek Cripple Creek Queens Commons Twick Consolidated G-s Co Neral Hill Consolidated Mines Academy of ‘Music of Brooklyn E. W. Bliins Lipkin Sebastian Third ‘Avenue Mount Vernon W. Er Co Aoa Fietech Fletechman Fletechman’s Baths Ola Dominion Land Co American Seating Co Ps Pos Ae At & Sphie Co American Lithphie Co Mount Hope Cemetery Wee Ee & Alton Chase National Bank First National Bank New York Trust Co Union Exchange Bank Corn Exchange Bank Chamber of Commerce Income Lawrence, Barnum & Co International Elevating Co Chicago Newhouse Mill & LS Arkansas United States Mortgage & Soe Windsor Trust Co Hanover National Bank New England Ry Hall ‘Signal Co Union Are Co America Tere Pacific R Northern Rishmond Light & R. R. Co Phenix Ins Chanute Co Cement & Clay Uct Coanta, Cement, & Clay Product Co Inm Ate Cement Chanute Cement & Cley Produst Co Chasses Corms Ag N. Ewe Ry Hagin Trane “Co Ketshitee American Co Cemgnacin Capital Stock Fraser Ta Capen -Panatwe Ao R. Boyce Gxv A & Southern

Also Mentioned on This Page

Money and Exchange Sean Financial Notes Bamberger, Loeb & Co Broad St Broad Pennsylvania Baltimore & Ohio N. Y. Central Southern Pac Ac Pacific Bend Pe - Hag Foreign Public Securities Consol Eee Eae Saxony Governmnt Hamburg City of Berlin City of Cologne Vienna Vo Bd Frankfort-on- Main D. Zo Esperanza Camp Bird Dolores Wesecee Temboy Stratton’s Ind el Oro Metal Market Reports Monda Ask Eeeenne Amer. Tel. & Tel. Co Atlantic Coast Line Is Chesapeake & Ohio Chi Rock Is. &Pac Ind Chi.a. & St. L Southern Eres Tidewater Co Jane Elec. & Mfg Beyond Justice Day Court Morgan Syndicate Grain and Provisions Corn Eeeteeee Park Aeeeeers Willett Talk OF Smelters CO. Rival Stanilaus Power CO United Railways of Large Water Company Newe York Times Lehigh Valley Cambria Steel American Smelting Cambria Iron Bell Telephone Eereeee Mil. & St. Paulcine Elec Erica General Asphalt General Asphalt D F Insurance Co. of N. A Lake Sup. Corp. I .c Lehi Alley Lehigh Navigation Marsden Co Penn. Steel Co Phila. Co Seseesee Phil U. Oeecnee Warwick Sieel Wilkesbarre G. & E Thomas W. Napier William Henkel, Jr Thomas S. Napier Spring Street Louis Bloch Demis Bloch Eee Y Julius C. W. RA Jacob Scar Wahtz Benesents Louis Wolpin Bennett Houston State OF New York State Comptroller’s Office Albany, N. Y Albany Glynn J. McCormack
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