Wall Street Views Mixed With Rumors and Cooperation
A West and South tour yields cautious optimism about end of corporate antagonism and greater railroad cooperation. Rumors of large operator losses circulate, while a discreet broker describes a shadow trading scheme and double commissions, highlighting market complexity and hidden principals.
Jewelers' Bank to Pay Debts in Reorganization
Worth, Massachusetts Jan e Jewelers' National Bank of North ieborough now in the hands of a receiver will be liquidated and a new bank formed if present plans are completed An assessment of 0 percent upon stockholders is proposed with depositors to be paid in full The stockholders assessment yields 80900 Ederick E Sargeant state cashier held 191 shares valued at 100 each yielding nothing from assessment Depositors expected to receive a 50 percent dividend paid on or about March 1
MENTIONED IN THIS ARTICLE
Attleborough
Mass
Jane Jewelers
National Bank of
Brodd Street
North Philadelphia
Read & Co offers $500000 rail mortgage bonds in 1957
William A Read & Co advertise a 7 percent consolidated mortgage bond issue for the Buffalo Rochester and Pittsburg Railway, due 1957. Interest payable May and November. Exempt from New York and Pennsylvania taxes. Legal for savings banks and trusts in New York and Connecticut. Offered at 101 percent, netting about 4 percent.
MENTIONED IN THIS ARTICLE
William A. Read & Co
Buffalo, Rochester & Pittsburg Railway
Consolidated Mortgage
New York
Pennsylvania
Connecticut
Stillman Leaves Harriman Boards Amid Europe Trip
Reports of James Stillman quitting active business were denied as Vanderlip took his seats on Union Pacific and Southern Pacific boards during Stillman's Europe trip. Officials say Stillman will resume his director roles. Vanderlip stresses no change in management. Stillman, a long-time director across banks and railroads, has spent months abroad and is expected to be away several months.
MENTIONED IN THIS ARTICLE
James Stillman
Union Pacific
Southern Pacific
Europe
Frank A. Vanderlip
National City Bank
Mr. Stillman
Harriman
Stillman
Vanderup
F. A. Vanderlip
Harriman Roads
Harriman Lines
Vanderlip
Paris
English investors launch plant in Mexico voyage
A party led by John W. Dekay of the Mexican National Packing Company traveled to Mexico in the private car Hazlemere. They visited Vera Cruz Salina Cruz and Uruapan where the first Dekay plant opened. Ramon Corral aided the launch and pressed the start button. The group included several London residents and American associates.
MENTIONED IN THIS ARTICLE
Mexico
Hazlemere
John W. Dekay
Mexican National Packing Company
Mauretania
Vera Cruz
Salina Cruz
Uruapan
Mr. Dekay
Ramon Corral
Republic of Mexico
Eustace Fiennes
M. P
Spencer Chapman
W. Capel Slaughter
Campbell P. Ogilvie
H. C. Peploe
Capt. H. Fiennes
London
Hiram R. Steele
Lafayette H. de Friese
Edward P. Call
New York
Bondholders Plan Reorganization of Metropolitan Realty
The Bondholders Protective Committee proposes a 25 percent assessment on mortgage bondholders to fund foreclosures and restructure the Metropolitan Real Estate Improvement Company. A new company would buy the 1100 lots between Van Cortlandt Park and Yonkers, valued at 1.3 million, with $620,000 of the $1 million Guardian Trust blanket mortgage issued. Preferred stock would repay bonds, unsecured creditors receive 50 percent, and about 300,000 in additional liabilities exist.
MENTIONED IN THIS ARTICLE
Metropolitan Real Estate Improvement Company of
Broadway and
Twentythird Street
Messmore Kendall
van Cortlandt Park
Yonkers
Kirkland
Guardian Trust Company
Connecticut
Pennsylvania
Ohio
Florida Midwinter International Exposition Opens
Jacksonville Florida January 25 The Florida Midwinter International Exposition opened at noon with cannon fire and a Roosevelt message read to thousands. The message expressed pleasure in opening the event and wishing it success. A grand fireworks display drew large crowds as the exposition will run until April 15.
MENTIONED IN THIS ARTICLE
Jacksonville
Fla
Roosevelt
Butler Reinstated on Consolidated Stock Exchange Board
Dudley Butler of Butler & Johnson, whose firm failed last October, was reinstated in Exchange membership by the Board of Governors vote. Butler had been expelled weeks earlier for failing to appear before the board, explaining he missed the meeting because he believed his partner’s appearance would satisfy the requirement.
MENTIONED IN THIS ARTICLE
Dudley Butler
Consolidated Stock Exchange House
Butler & Johnson
Exchange
Bitler
European Markets Mixed as Rates Ease and Bonds Rise
In London on January 25 discounts weakened while gilt edgeds rose on cheap money and German bank-rate cuts. Paris bourse saw a sagging trend with three percent rents at 951 92%4c and London exchange at 251 17c. Berlin prices held steady then drifted higher as American securities fell.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Imperial Bank of Germany
Paris
New York
Exchange
Berlin
The Cotton Market and Weather Outlook for Cotton States
Special to The New York Times reports forecast by the Federal Weather Bureau for Sunday and Monday across the cotton states detailing fair to partly cloudy conditions, winds, and showers in parts. It notes cotton market nervousness and an 3 11 point advance with 150000 bales sold by half session, amid bullish weekend factors and Germany’s discount-rate move.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Federal Weather Bureau
North Carolina
South Carolina
Georgia
Florida
Mississippi
Louisiana
Texas
Alabama
Oklahoma
Arkansas
Tennessee
Lancashire
Bank of Germany
Imperial Bank of Germany Cuts Discount Rate to 6 Percent
Berlin January 25. The Imperial Bank of Germany lowered its discount rate from 6 1 2 percent to 6 percent. The weekly statement shows increases in cash in hand to 67 880 000 marks and treasury notes to 980 000, with notes in circulation falling to 140 600. Other securities declined to 94 620 000.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
Eeee
Treasury
Coffee market ends week with firmer prices gains
The market shows an active close with prices up to five points higher for the day. Trade cited 29,759 bags sold and steady to higher openings with Havre Rio Hamburg and Santos mostly unchanged or modestly up. Receipts remained moderate at all points, interior Jundiahy shipped 10,000 bags versus 12,000 two years ago. Local spot coffee quoted Rio No. 7 at 4 cents.
MENTIONED IN THIS ARTICLE
Havre
Rio
Hamburg
Santos
Interior Santos
Jundiahy
Rio No. 7
Government receipts and expenditures report
National banknotes redeemed amount to 1.904 million dollars. Government receipts from internal revenue total 852 thousand dollars and customs 490 thousand. Miscellaneous receipts are 122 thousand while expenditures total 2.110 million dollars.
MENTIONED IN THIS ARTICLE
Washington
New York Firms Form as Albany Incorpora tions Day
A batch of companies received incorporation in Albany today led by Hotel Martinique of New York with capital 500000 and a slate of directors. Other filings include Frederick Southack Alwyn Ball Jr Realty and Commission firms, Portable Air Suction Cleaner Co, and several manufacturing and mercantile ventures across New York and New Jersey with capital amounts ranging from 10000 to 450000.
MENTIONED IN THIS ARTICLE
New York Times
Albany
Dfn
Martinique
New York
Capital
Charles, Leigh Taylor
Walter S. Gilson
West Thirty-third Street
Walter Chandler
Waverley Place
Frederick Southack
Alwyn Ball, Jr
Franklin H. Mellinger
Rutherford
N. J
Ottis H. Kennedy
West New Brighton
Charles H. Trismen
Hatfield Place
Port Richmond
S. I
James Chittick
North Sixth Street
Newark
Harry J. Moller
Broadway
William G. Chittick
Kerin & Dunn
Wines
Daniel J. Kerin
William G. Dunn
Thomas A. Kerin
Greenwich Street
National Ice Cream and Manufacturing
Comny
Bernhard Voss
East 140Th Street
Solomon Bernstein
First Street
Louis Siegel
Rivington Street
Charles John Company
Charles John
East Thirteenth Street
Bernard G. Heyn
Nellie R. Green
Wall Street
Black-Grignard Lithographic Company
Albert Grigrd
West 179Th Street
John V. Black
West Forty-third Street
Henry V. D. Black
Irvington-on-Hudson
Westchester
Miller Company
Richard Willer
Chestnut Street
John D. Coleman
Henry C. Vogel
West End Avenue
Thomas Burkhard
Incorporated
Brooklyn
William J. Burkhard
Monroe Street
Madison Street
Manhattan Monumental Company
Benjamin Wittenberg
Rockaway Avenue
Morris Jurist
South Second Street
Isaac Davis
Grand Street
Herbst, & Co
Abram Herbst
Trinity Avenue
Fifth Ave
Jacob Sgange
Ninth Avenue
Co. A. Dodge & Co
Cyrus A. Dodge
Clinton Street
Syracuse
Onondaga County
Victoria A. Dreyfus
West
111Th Street
Benjamin W. Dodge
176Th Street
Henry Rauch
Ferdinand Reinheimer
Maurice P. Davidson
Wheat and Corn Prices Sink on Dull Outlook and Large Export Movements
Bulls grew discouraged as statistics pointed to a weak trend in wheat with prices sliding to new lows. Support emerged only after prices touched a dollar in Chicago amid large foreign exports and a 11,372,000 bushel weekly movement. European markets closed mixed while interior receipts rose. corn followed with sharp declines and thin seaborne demand.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Paris
Berlin
Budapest
New York
Duluth
Seaboard
Annual report shows revenue drop for American District Telegraph
The annual report for the year ended December 31 records a $17,577 revenue decline and a $10,686 cut in expenses, producing a net revenue drop of $6,891. Revenues $556,065. expenses $507,037. net $79,028 with $76,888 for dividends and a $2,140 surplus. President Clowry cites the telegraphers strike as the main cause of revenue loss. Old sundry accounts receivable and supplies totaling $45,972 were written off as worthless.
MENTIONED IN THIS ARTICLE
American District Telegraph Company
Clowry
Bankruptcies and Receivers in New York Firms and Individuals
Schedules show Banzai Manufacturing in bankruptcy with assets and debts. Whitney & Kitch stock brokers assign to Bayard L. Peck. Samuel Goldner furniture dealer faces petition with significant creditors. Peter N. Schenck storage ware appointed receiver to allow customers to retrieve goods. Daniel H. Gilman lawyer files for bankruptcy with large Seattle-linked debts. Alexander M. Grean tailor and others file petitions with varying liabilities. a lengthy list of creditors and values accompanies each case.
MENTIONED IN THIS ARTICLE
Samuel Goldner
Essex Street
Silberstein & Silver
Tartar & Berman
Greenpoint Metallic Bed Company
Peter H
Peter N. Schenck
Spring Street
T Vestry Street
Washington Street
Mr. Schenck
Daniel H. Gilman
West 106Th Street
Marion Edwards
Seattle
Griffith Davies
Alexander M. Grean
East Thirty-third Street
John B. Ellison & Sons
S. Stein & Co
William H. Close
Holt
E.i J. Myers
Grean
Newport
Bankruptcy Petitions Filed Across Cities
Multiple notices report bankruptcy petitions in Chicago Boston Portland and Boston again. Cream City Park Amusement Company of Lyons Illinois faces 160000 in liabilities with 35000 assets. Bernard Davis real estate contractor of Boston shows 486487 liabilities with 474000 secured claims and 12487 unsecured. M E Sprague of Drew Plantation Maine lists 658946 liabilities with 560 assets and substantial miscellaneous and secured claims.
MENTIONED IN THIS ARTICLE
Chicago
Cream City Park Amusement Company
Lyons
Ill
Boston
Bernard Davis
United States District Court
Portland
M. E. Sprague
Drew Plantation
James A. Wood
Cambridge
Mass
Crawford Street
Boston Penny Savings Bank
Wildey Savings Bank
Bank proprietor assigns assets as Lisbon Bank closes
George B. Harvey, owner of the Lisbon Banking Company, assigned the bank to Albert G. Mason and closed the institution. Estimated totals put Harvey’s real and personal property at 125000 and bank deposits at 150000.
MENTIONED IN THIS ARTICLE
Lisbon
Ohio
George B. Harvey
Lisbon Banking Company
Albert G. Mason
Debtors Named in Yesterday's Judgments List
The judgments filed include Aruron J J Heidelberger with 324 dollars, Adams William H with 300, Archer A M with 1673, Arnow H with 559, Berlinger H N with 169, Baumann A with 26, Baker William with 119 costs, Barringer A L and Mary E V R against the National State with unspecified amount.
MENTIONED IN THIS ARTICLE
Aruron
J. Heidelberger
Adams
H.people
Archer
A. M
T. L. Kelly
Arnow
H.—S. Weinstein
Berlinger
Telephone Co
Baumann
A.—Same
Baker
Debtor and Creditor Names with Judgment Dates Listed
A compilation lists pairs of debtor and creditor names along with judgment filing dates and amounts. Entries include Fleigelman V and J in Playing Card Co on November 4, 1907 and various other pairs with dates from 1900 to 1908 and sums from $4 to $4,581.
MENTIONED IN THIS ARTICLE
Fleigelman, V
Playing Card Co
John C
K. E. Miller
Klotz
A. Rundbaken
Spero
Lasarus
S. Downing
Wolf, Elias
H. Edelstein
Also Mentioned on This Page
South
Gme
Jewelers
City Bank
Will
Republic
Metropolitan Improvement Company
Florida’s Fair
Parle
Lon- N. Y
N.Y. Don
Atchison
Atchison Pf
Balt & Ohio
Ches
Ohio Ooo
Olay
Pac
Denver
Erie
Illinois Central
Kansas
Kan
Nash
Yy. Louis
N. R. R.lof M
Nor
N. Y. Central
Ontario & West
Rock Island
Southern R
Southern Ry
St. Paul
Union ‘Pacific
U Ss Steel
U S. Steel Pt
Ouls
Ater Fee
ENEUS
Eer
Ee Res
Foreign Public Securities
Eee
Cne Enews
Wohl
Saxony
Ccvecess Ee
City of Cologne
Munich
Caceevenes - Es
Ceeses
Cccevees
Ce Cuaianes Saih
JUNO
Crececeerres
Fly
Sea Scecee
Escessence Ae
the Treasury Balances
Grain and Provisions
The
Chicago, Rock Island & Pacific Railway Company
Chicago, Rock Island & Pacifica Railway Company
Amsterdam
Frankfort
New York State
Treasury Department
Pine Street
Speyer & CO
Lil Broadway
Manhattan Hotel
Franklin
14Th St
Chelsea
N.Y. Stock Exchange
N.Y. Cotton Exchange
Wardwell & Adams
Times Square
American District Telegraph Report
Banzai Manufacturing Company
William Street
Show
Bank of Troy
N. Y
Carpenter
Wm. Ff
A. Fishbein
Casey
Ghassiand
J. B
Improved Property Holding Co
Same
Bart
Sarah
Admx
Catalano
S. Khaissner
Dumont
de Vine
Mary E
N. Y. Telephone Co
Doino
P.—A. Tausto
Ecker
Fannie Weinfeld
Eet
Felt
J. Taubler
Greenberg
Pat H. Korn
Garcelan
R. L
Ginsburg
S. Weinstein
H.—Same
Goldstein
Mollie—M. Wortis
Jenkins
J. G
H. Darcy
Jackson
H. A
A. Fausto
Jordan
B. M
A. Hyman
Kolber
M.—Loewer
Gambrinus Brewings
Levy
N.— Lidz
M. S
E. Thompson Co
Lese
Anna Lamprecht
Meyers
H. H. Korn
Bo Ag Ac J
P. Pfotenhauer
Malakoff
Be Taubler
Michelson
H. R
M. Erdretch
O’donohue
W. Hapne
Rolf
B.—J
M. Knapp
Rose
W. R.J. Lauder
Rosenstock
B.—C. Block
Romero
F. B
G. Hewitt
Rothstein
Rosie
B. Solomon
Sulzbacher
H.—S. Paulman
Silverman
Jennie
H. —I. Greenberg
Shortmeier
Pauline Shortmeier
Teal
Margaret—S. Thurn
van Brunt
W. T
S. S. Myers
Wills
People, &c
Yocum
Hattie
Schwoerer & Son, Inc
New Oe City Railway Co
S. Rosenberg
Equitable Life Assurance Society of the
United States
Mari Lacske
James F. Disken & Co
United States Fidelity and Guaranty Co
C Taylor
United Silver Co
Wall Bt
Exchange Building Association
City of New York
Mary Gallagher
Paris Cloak and Suit Co
Frances L. Blackford
Archer & Co
Thomas ‘E. Kelly
American Palace Car Co
J. M. Lesser
Decker
Decker Electrical Manufacturing CO
Penn
Wyoming
Swasey & Company
Bankers and Brokers
Broad Street
First National Copper Company
Balaklala
J. Thomas Reinhardt
Broad ST
Exchance Place
Maas
Consolidated Gas Company OF
Irving Place
R. A. Carter
Knickerbocker Trust Company
Fifth Avenue
Thirty-fourth Street
McKim, Mead & White
Building Department
Court of Appeals
Messrs. Thulman, Rives & Ide
Stoppans & Hotchkin
Consolidated Stock Exchange of New York
Chicago Board of Trade
West 125Th St
Montague St
Colorado & Southern Railway System
Colorado & Southern Railway Company
Tl Broadway
New York City
Jas
Steuart Mackie
Schlesinger