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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Jun 03, 1910
Page
5
OBBS and CO announce a range of hats for summer wear featuring Debbs Sennit at three dollars Split Sennits Mackinaws and A J White English Sennits at four dollars Split Yacats at five dollars and Genuine Panamas priced from twelve to forty dollars.
John A. Dix succeeds William J. Conners as Chairman of the Democratic State Committee at the Hoffman House meeting. Dix, 43, a banker and pulp and paper manufacturer from Washington County, pledged to unify factions and press a clean government agenda while criticizing Republican corruption and high living costs.
Washington June 2 The Crop Reporting Board estimates the cotton crop condition on May 25 at 82 percent of normal, up from last year’s 81.1 and near the ten year average. Area planted totals about 33,196,000 acres, up 2.8 percent from last year, with state by state figures noted as well. Futures fell sharply on the news in New Orleans before recovering to near prior levels.
The Savannah Line’s City of Montgomery departed for Savannah with 5 000 bales of cotton bound for southern mills. The unusual north to south export came as mills in the cotton belt face shortages, aided by orders from Montgomery businessmen who filled the ship to honor the vessel named after their city. Passengers included Major John F Hansen and Col. Alexander Lawton.
John W. Knight testified in Birmingham that his cotton firm Knight, Yancey & Co had been practically bankrupt since 1906 with brief recoveries in 1907 and 1908. He blamed cotton speculation for losses totaling about 2 225 000 last season and said he drew little money, noting personal assets and insurance. The hearing was adjourned to the third Saturday in June.
The Bank of Europe, chartered by the State, will start with a capital of 100000 dollars and a 50000 dollar surplus. Organized by the Bohemian colony in East Seventy second Street, it opens late June at the northwest corner of Seventy fourth Street and First Avenue. Officers include President Frank Brodsky and Vice Presidents Thomas Capek and S. Winternits, with Joseph as cashier.
New Orleans brokers gather under fair conditions amid cautious trading dynamics. The event highlights market pressure and shifting sentiment as participants assess opportunities and risks in a complex financial climate.
Public Service Commissioner John BE Eustis points to a rear-end collision near Mott Avenue, Lenox Avenue division, as evidence the subway should switch to steel cars. Interborough GM Frank Hedley cites brakes and structure, noting steel cars will reach about 675 in service after current orders, with 2,000,000,000 riders since 1904 and only two deaths in 1905.
BRT submitted a revised offer to the Public Service Commission for use of the two westward tracks in the downtown bridge loop subway from Williamsburg Bridge to the Brooklyn Bridge. The deal proposes tiered rental rates and options, with contingencies for capacity restrictions and future Tri Borough integration.
A. T. Briggs for the Public Library trustees protested at the Board of Estimate hearing against the old board's $409,000 appropriation for new library sites. He argued the city should honor the Carnegie contract while noting potential private action to secure sites.
Brooklyn Sunday School Union considers damus proceedings to stop Regents exams on Anniversary Day. Officials fear schools open would violate a charter provision designating the day a public school holiday. Parade attendance could reach 125000 children this year.
Kuhn, Loeb & Co purchased from New York City a further issue of 10 million dollars in revenue warrants and sold the entire block in Paris. This marks the third large NYC revenue warrants placement in Paris this year, with 35 million sold weeks earlier and another block by Salaman, Sachs & Co. Paris institutions view these short term warrants as desirable investments, typically for about a year. The activity is not tied to French views on American securities, as Paris banks bought warrants even during quieter periods.
Kate Coughlin known as Apple Kate retires after forty years selling apples from a stand by St. Paul’s Chapel at Broadway and Vesey Street. The stand, bequeathed by her mother who secured the privilege from Rev. Dr. Morgan Dix, has no successor as residents and commuters recall her long service and lack of rivals.
The Fifth Avenue parade features the Street Cleaning Department led by Deputy Commissioners Julian F. Scott James F. Lynch and James I O Brien with Mayor Gaynor watching from a reviewing stand. Brooklyn Queens and Bronx divisions, veterans of past wins, lead the procession with horses wagons and schoolchildren from the Volunteer Aid Association joining the line. The event starts about 1 30 pm and reaches Madison Square at 3 pm with a 90 minute pass.
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