Bankers Plan Major Cut in Morse Line Bond Issue
A reorganization committee led by Alvin Krech moves to replace about 60 million in Consolidated Steamship Lines bonds with 15 million in new bonds. Banks including Hornblower Weeks and Hayden Stone join to secure short term notes. The plan aims to reduce debt while offering bondholders a stake in the reorganized company amid Morse influence disputes.
MENTIONED IN THIS ARTICLE
Charles W. Morse
Consolidated Steamship Lines
Alvin W. Krech
Mr. Morse
Equitable Trust Company
William T. Cobb
Maine
Henry, Hornblower
Hornblower & Weeks
William H. Granbery
William H. Granbery & Co
Galen N. Stone
Hayden, Stone & Co
Krech
Morse
TIMES
Yeserday
Consolidated Steamship Tours
Foreign Market Report From London Jan 6
On January 6 London money was plentiful after Government dividends. Discounts on the Bank of England eased with £450000 in gold available at a reduced price. Stock Exchange trading was dull with profit taking, but near the close the market rallied. Paris, New York, and Berlin markets showed mixed movements with copper shares rising and silver steady.
MENTIONED IN THIS ARTICLE
London
Bank of England
Stock Exchange
Paris
de Beers
Kaffirs
New York
Wall Street
Southern Pacific
Union Pacific
Ontario & Western
Jedd
Amalgamated
Grain and Provisions Wheat and Corn Market Notes
The report summarizes mixed grains trade with export sales of 22 loads, a bullish yet temporary rally, and late strength in corn. Visible supply increased by 20,000 bushels, Seaboard clearances and interior receipts noted, with New York cash prices for No 2 red and No 1 Northern Duluth listed and corn showing active trade amid light country offerings in several states.
MENTIONED IN THIS ARTICLE
Liverpool
Berlin
Budapest
Kansas
Seaboard
New York
Duluth
Progress in the South from 1907 Agricultural Growth
The Tradesman’s Annual highlights Southern progress in 1907 with large gains in crops and industry. hay crops rose 25 percent, rice up similarly, corn up near 50 percent over five years, fruit and truck output around 150 million dollars, cotton exports and cotton mills expanding dramatically. Iron and metal production grew in Alabama Kentucky and Tennessee with rising values, while total Southern capital in miscellaneous industries climbed about 50 percent in five years.
MENTIONED IN THIS ARTICLE
Chattanooga
Tenn
Rego
South
United States
North
South Carolina
Alabama
Kentucky
Tennessee
Souther
Seaboard Receivers Appointed in Philadelphia District
On counsel’s application, Judge McPherson in the U S Circuit Court appointed ancillary receivers for the Seaboard Air Line Railway in this district. S. Davis Warfield of Baltimore and R. Lancaster Williams of Richmond were also named receivers, with $5000 security each. The action stems from a bill in equity filed against Continental Trust Company of Baltimore as trustee under the first mortgage.
MENTIONED IN THIS ARTICLE
Philadelphia
Penn
Seaboard Air Line Railway Company
McPherson
United States Circuit Court
S. Davis Warfield
Baltimore
R. Lancaster Williams
Richmond
Continental Trust Company of Baltimore
Seaboard Airline Railway
Principal stock trades and prices reported yesterday
The stock department reports the main transactions with opening high and low figures for Greene G.S. com 56% and 56% Br ice 8,100 Branch Mint 12%4 %.13.1 8,200. Buyer sixty days. The bid and ask prices at close list UNLISTED SECURITIES.
MENTIONED IN THIS ARTICLE
Chicago
Goa
Pomry Ciccees
Oduce Exchange
Greene G.S
Beaver Super. Min
Weeweewee
Alaska
Treadwell Chta Troy
Manhattan
Furnace Creek
Eer
Eemetareseans
Oroville
Camp Bird
Paso
Esperanza, Ltd
Eserees
National Bank Eenereeesee
Weeteee Eener
Equitable Trust Company of New York Financial Report 1908
The document reports on the financial condition of The Equitable Trust Company of New York as of January 1, 1908. It lists assets including public and other securities, loans, deposits, certificates of deposit, and surplus. It notes capital stock, reserves, and accrued interest, with detailed figures and notarized attestations by Alvin W. Krech and Frederick W. Fulle.
MENTIONED IN THIS ARTICLE
Equitable. Trust Company OF
New York
United States
Bill Go
Asec Eee
Associated Trust
New York State
Associated Trust Companies
State of New York
County of New York
Alvin W.krech
Frederick W. Fulle
Equitable Trust Company of New York
Nassau Street
City of New York
Alvin W. Krhech
Inm. L. Havey
New York County
Banking Department
Barton Hepburn
Howard Bayne
Columbia Trust Company
New «S
A. Barton Hepburn
Richard Roberts
Department OF Health
Fifty-Fifth Street
Sixth Avenue
Mannhattan
Board of Health
Otisville
Orange County
Attorney General Asked for Opinion on Stock Dividend Payments
The Attorney General was asked by the State Superintendent of Banks to provide an opinion on the legality of savings bank investments in railroad bonds payable as stock dividends rather than cash. The move follows Missouri Pacific declaring a stock dividend and sparking discussion on Wall Street about its impact on bond standing as investments for banks.
MENTIONED IN THIS ARTICLE
Tri
Trinity
Balaklala
Trinity Company
First National Copper Company
Williams
Financial District
Savings
Missouri Pacific
Wall Street
Also Mentioned on This Page
Bankers
Japan
Foreign Public Securities
Eee
Saxony
Hamburg
Aee
City of
Munich
Sen- N
Ase
Iaceee
Peeteeeuseneesees
Illinois Central
Louis
Nash
New York Central
Pennsylvania
Reading
Aolthers Pacific
Cces
C.ssessene
Steel Pk
Grain and Provisions
Warfield
Produce Exchange
the Bowery Savings Bank
Bowery
John J. Sinclair
T. Henry A. Schenck
T. William BE. Knox
Brooklyn Trust Company
Montague St
Bedford Avenue
Fulton St
Broadway
THE
State Banking Department
Thomas T. Barr
Samuel W. Boocock
George W. Chauncey
William N. Dykman
William Hester Cis
L. Hine
Trustees
William A. Jamison
Frank Lyman
Theodore F. Miller
Willis L. Ogden
Joseph E. Owens
John J. Pierrepont
Charles M. Pratt
George C. Reynolds
Charles A. Schieren
Edward M. Shepard
J. H. le, Alexander
Mte
Willis D. Wood
Bedford
Eugene F. Barnes
William McCarroll
Adore F. Miller
Uel W. Boocock
Alexander M. White
David H. Lanman
Hdward Lyons
John C. Richard John McNamee
Stanley W. Husted
Frank J. W. Diller
Willis McDonald
Brinckerhoff
Mer
Bedford Branca
Balaklala Stockholders
II Balaklala Company
Raventh
N Ntional Copper Company
Thomas Lawson
Boston
Board of Trustees
Thomas M. Mutry
John J. Pulseyn
Irving Savings Institution
Chambers St
W. H B. Totten
George B. Dunning
Union Square Savings
Institution For the Savings OF Merchants’ Clerks
Union Square
Frank M. Hurlbut
William H. Rockwood
John T. Weeks
W. Emlen Roosevelt
Fifth Avenue Trust CO
Fifth Ave
Resources
Levi P. Morton
Liam D. Sloane
Eed
D. Landale
James M. Pratt
Val Meacham
North River Savings Bank Eee
Samuel D. Styles
Frederick N. Cheshire
Charles F. Turton
Serene Cece Eeees
Ene
Metropolitan Savings Bank
Onp
Cooper Institute
Jonathan B. Currey
Eoward Sherer
Union Dime Savings Institution
ST. and
6Th Avenue
Greeley Square
Charles EB. Sprague
Francis M. Leake
WILLIAM @. ROSS
Park Place
H. F. Hutchinson
W. H. Rose
Annares Society
Franklin Socciety
Franklin Society For Home Holding
Beekman Street
Post Office
New York City
NEW York Savings Bank
N. W. Cor
Mth
8Th Avenue
William Fellinger
James L. Wandling
Archibald M. Pentz
East River Savings Bank
N. YX
Dick S. Ramsay
Chas
A. Whitney
Bank For Savings
Fourth Avenue
Tds
Walter Trimble
Charles A. Sherman
James Knowles
American Savings Bank
West 420
Clarence Gordby
William M. Hazelton
Greenwich Savings Banks. & Cor
James Quinlan
Charles M. Dutcher
Treas
J. Hampden Robb
Brooklyn Savings Bank
COR
Pierrepont & Clinton Streets
Brooklyn
N. Y
Bryan H. Smith
Felix E. Flandreau
Edwin P. Maynard
Pollar Savings Bank
Third Ave
148Th St
Jam
John Haffen
William M. Kern
Thomas
Darling
M. Dd
Alvah H. Doty
Theodore A. Bingham
Se Department OF Water
Park Row
Borough of Manhattan
Aw York
Borough of
Queens
John H. O'Brien
Supreme Court of the
County Court House
Charles H. Truax
Excelsior Fire Insurance Company OF New York
P. B. Amstrong
J. C. Hipkins
Gtanley E. Gunnison
George G
Bal John 5. Enkins
Wilson B.brich
Co. L. Armstrong
E. Howard Foster
Excelsior Fire Insurance Company of
State of
New_York
William Street
van Schsick & Hrice
J. Campbell . Thompson
Seo
New York Times
Law Journal
Supreme Court
State OF New
York
International Massage and Movement Care Institute
Stock Corp
Albany
Real
James L. Whalen
Department OF Water Supply, Gas and Electricity
Borough of Brooklyn
Furman and Joralemon Streets
High Press
Borough of Brookyn
North Iver
John H. O'Grien
Department OF Docks and Ferries
East 29Th Streets
East River
Battery Place
I‘a
West 30Th Street
Ace City Record