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This newspaper page contains 8 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jan 07, 1908

Page

9

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.

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.

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.

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.

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.

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.

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.

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.

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
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