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Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 10, 1908

Page

12

Banks Form National Currency Association Meeting

A New York Clearing House meeting discussed forming a National Currency Association. Most banks pledged cooperation. two committees were named, one on organization led by A Garton Hepburn and another on nominations with Gates McGarrah as chair.

Learing House Vreeland Ted A. Garton Hepburn A. Vanderlip H. P. Davison Gates McGarrah F. B.schenck G. Nelson James G. Cannon Hepburn National New York New York Uni Associatic Ork Congress Maks Pers Nccess Organizatiossociation Sue

Currency committees to meet at Plaza Hotel New York

Senator Ald rtg Senate Committee announces a meeting of the Currency Committee sub group to devise a plan of operation and a tariff sub committee session with government experts to prepare for special consideration by the commission at the Plaza Hotel in New York City on Thursday June 11.

Washington Commission Finz Plaza Hotel New York City

Railroad Earnings Data from Early 20th Century Record

A brief table shows earnings and operations for several railroads including Ann Arbor Iron and Illinois Central, with monthly and yearly figures for May through June, contrasting gross and net amounts and noting the Beabooard Airline data for April. Local quotations from The New York Times dated June 9 accompany the dataset.

Ann Arbor Beaboard Mos New York Times

Harriman Bond Sale Today for Union Pacific Issues

The Union Pacific Railroad offers 50 million dollars in 4 percent bonds priced around 9 5 1 4 per 100 with delivery. Subscriptions close June 15 at 8 PM with 5 percent due, balance July 16. Sterling bonds to be issued in London with listing planned. Bonds traded on the Curb at 1 point above issue price.

Union Pacific Railroad Kuhn, Loeb & Co London Messrs Baring Brothers & Co., Limited Mess Glyn, Mills, Currie & Co

United States Realty and Improvement Co Yearly Report

The United States Realty and Improvement Co reports gross income of 3406682 for the year ended April 80 with net earnings of 1920522 and a surplus over dividends of 350252. Investments produced 2365414 while building contracts yielded 1041267. contracts under construction fell from 27521257 to 21554496. President Black notes conservative management and few new financial commitments for the coming year.

United States Realty and Improvement Company Black

Decree Sought to Restrain New Haven Railroad Stock

Boston June 9 The Supreme Judicial Court heard Attorney General Dana Malone seek a decree to enjoin the New York New Haven Hartford Railroad from holding stock in Western Massachusetts trolley companies. The decree follows a prior court decision that such stock was held in violation of Massachusetts law and the court took the matter under advisement.

Boston New York, New Haven & Hartford Railroad Company Massachusetts Supreme Judicial Court Dana Malone New Haven Company

Cotton Market Records Mixed Movement and Steady Close

The cotton market eased to a net loss of 11 to 20 points after a day of slightly higher activity. Sales reached about 150000 bales with the market opening steady to a small decline. Spot markets showed quiet, with middling upland at 11.49 cents and Gulf at 11.65 cents, while Southern cities reported mixed but mostly steady quotes on light volumes.

Pssa Cocce Y Aes Sthae Ecoee Gulf Savannah Norfolk Augusta St. Louis Memphis New Orleans Trouston Galveston

Grain and Provisions Market Update

Wheat prices strengthened with July futures led by light offerings as heavy rains hit Kansas Oklahoma Missouri and Nebraska prompting flood fears. Cash grain firm in New York with No 2 red 98c elevator 99c fob and No 1 northern Duluth 1.14 1/2. Corn rose on rains with No 2 in New York at 79c elevator and 71c fob amid large interior receipts.

Kansas Oklahoma Missouri Nebraska Liverpool Berlin Budapest Roumania Russia New York Duluth Andebraska

Coffee Market Muted With Steady Close And Modest Demand

The market opened steady with light offerings and moderate demand while coffee finished generally steadier, up to 10 points higher on modest activity. Spot Rio No 7 quoted around 6%40, copper rose 28 6d, and pig tin slightly fell. London closes were spot £58 5s and futures £58 15s with warrants mixed in New York metal quotes.

Rio No. 7 London Cleveland Sis Prt Epot Salis Tnew York Metal Exchange Lake Copper

Steel firms agree price cuts to avert wage readjustment

United States Steel Corporation and leading independents reached a late night accord slashing finished steel prices across most products except rails. The move aimed to halt a price war while avoiding broad wage reductions, with Judge Gary stating reductions in iron ore and various steel products were enacted to restore market balance.

United States Steel Corporation E. H. Gary Gary Steel Corporation Railroad Club Hudson Terminal Pittsburg Pittsurg Judge Gary Holdin Stee

Steel Rail Orders Hit Almost Two Million Tons

The United States Steel Corporation has secured about 1.802 million tons in new rail contracts from foreign governments and a U.S. railroad since the financial stringency began. Major orders include 1,000,000 tons for Russia, 250,000 tons for Bulgaria, 50,000 tons for Canada, and 52,000 tons from Illinois Central, totaling far below U.S. annual mill capacity of 4,000,000 tons.

New York Times Pittsurg Penn United States Steel Corporation Steel Corporation Bulgarian State Railway Ilinois Central United States

Pressed Steel Car Co Redeems Bonds Early

The Pressed Steel Car Company directs early redemption of $500,000 bonds due February 1 by paying in interest or before August 1. This is part of a $5,000,000 issue from 1901, with $500,000 redeemed annually. The anticipated redemption reduces outstanding bonds to $1,000,000.

Pressed Steel Car Co Pressed Steel Car Company

Western Union Telegraph dividend recommendation reported

The Executive Committee met yesterday and recommended a quarterly dividend to the Directors. Wall Street reports the dividend will be paid in cash at 0.5 percent for the quarter, after two prior quarters were paid as stock at 6 percent annual rate.

Western Union Telegraph Company Wall Street

Henry Clews Announces New Wall Street History

Henry Clews reveals a forthcoming book updating his twenty eight years in Wall Street. The new work titled Fifty Years in Wall Street promises to cover progress and events in the market up to the present, continuing the seasoned observer’s historical record.

Henry Clews Wall Street Dats Wall

Col W C Greene Offer Accepted for Gold Co Plant

Col W C Greene president of the Greene Consolidated Gold Company sees his offer to finance the plant’s completion approved by the directors. Reimbursement will come from company earnings, but full details await stockholder review.

Col. W. C. Greene Greene Consolidated Gold Company

Judge Sustains Demurrer In Coal Transport Conspiracy Suit

United States Circuit Court Judge Ray upheld Lehigh Valley Railroad’s demurrer in a Sherman Antitrust Act case filed by Henry L. Meeker and Caroline H. Meeker. The plaintiffs alleged a conspiracy to raise anthracite coal transport charges from Pennsylvania mines to New York New Jersey tidewater to monopolize the trade and force independent shippers to pay excessive rates. The court found the complaint failed to state facts showing unlawful or excessive rates and gave the plaintiffs 30 days to amend at costs. Meeker & Co. sought $750,000 after claiming $250,000 insured by the railroad.

Pennsylvania Ray New Jersey

TRUST COMPANY MOVES TO NEW FORTY-FIRST STREET OFFICES

The Commercial Trust Company moved yesterday to new ground floor offices on Forty-first Street between Broadway and Seventh Avenue. The light airy rooms are finished in white marble with a bronze teller railing and a women clients room. Private offices for the President and boardroom lie on the Seventh Avenue gallery. The mahogany paneled boardroom features a carved marble fireplace and marble barrier desks at the Broadway end. Safety deposit vaults entrance is nearby and to be ready in two weeks. The bank, organized in November 1906, began at Broadway and Thirty-seventh Street with R. R. Moore as President, G. J. Baumann as Vice President, and Ames Higgins as Secretary.

the Commercial Trust Company Forty-first Street Broadway Seventh Avenue Safety Deposit Vaults Trust Company

Banks for Foreigners Fail in Western Pennsylvania

In Pittsburg on June 9 the foreign banking institutions of Peter Rutsek in Uniontown Brownsville and Connellsville Pennsylvania suspended operations following a managers conference. Miss Sadie Robertson of Connellsville ordered the suspension. Deposits total about 35000 with an estimated thirty thousand foreigners having gone to Europe, and deposits withdrawn threaten the banks' closure.

Pittsburg Peter Rutsek Uniontown Brownsville Connellsville Penn Rutsek Sadie Robertson Europe

Marshall Acknowledges Loan and Collateral Issues in Coster Case

James G. Marshall of Marshall Spader & Co testified in a bankruptcy hearing before United States Commissioner Alexander. He said his firm borrowed 55 000 on 7 000 and described collateral concerns tied to Coster and Knapp. Marshall affirmed long friendship with Coster and confidence in his statements about securities deposited for loans.

James G. Marshall Marshall, Spader & Co United States Alexander Coster, Knapp &Co Charles Coster Coster Marshall J. G. Marshall Mr. Marshall

Coast Artillery Officers Granted June Duty and Postings

United Service Washington reports March 12 orders revoking several Coast Artillery Corps commissions and detailing June visits for submarine mine material inspection. It lists Captains Heiner Gilbert McAlister Mason and Lieutenants Wilson Shipton reassigned, plus medical and dental personnel movements and assignments to Fort Terry Manila and West Point duties.

Washington Coast Artillery G. G. Heiner B. O. Gilbert D. McAlister A. M. Mason W. K. Wilson Thio F. Shipton Coast Artillery Corps Apton, Ery Torpedo Depot Fort Totten York Penn Schenectady N. Y New York City EB. R. Schreiner Medical Corps San Francisco Cal D. M. Appel F. R. Burnham Fort Slocum Philippine Islands Manila Philippines I. Newell Twenty-second Infantry Department of the East West Point

Leut. H. B. D. Yarnell Assigned as Senior Engineer Officer

G. T. Smith sent to the naval hospital in New Orleans as part of the same coastal station is noted alongside Yarnell’s appointment to Connecticut as senior engineer officer.

Leut H. BD. Yarnell Connecticut G. T. Smith Naval Hospital, New Or

Naval Vessel Movements From Various Ports

Report lists ships arriving or sailing between Camden Annapolis Washington Newport Hampton Roads San Francisco and other ports. Vessels include Vixen Eagle Rocket Prairie Chester Justin West Virginia Coloorado Maryland Pennsylvania California and others with departures from Portland Swatow New York and Annapolis.

Vixen Camden Eagle Annapolis Rocket Washington Prairie Newport Chester Hampton Roads Justin San Francisco West Virginia Maryland Pennsylvania California Soow Santa Tichara Preble Portland Ore Chattanooga Swatow Cavite Scorpion Navy Yard New York Boston Maine Alabama Honolulu Olympia Chicago Hartford Arkansas Nevada Naval Academy Hart Fort Monsate Dae New

New York Institute Deaf and Dumb Commencement Features Race to Paris

The ninetieth commencement of the New York Institute for the Instruction of the Deaf and Dumb showcased a New York to Paris auto race themed dialogue. A musical drill by deaf students and a prize for all around development highlighted the ceremony on the Fort Washington Avenue lawn, with graduates named including John Agresto and George K. S. Gompers.

New York Paris New York Institute For the Instruction of the Deaf and Dumb Fort Washington Averuse Riverside Drive Fort Washington Avenue Butts League of Electords John Agresto Abraham L. Chaimowitz George K The Episcopal Deaf-Mute Church West 148Th Street

Resignation Tendered by Franklin and Marshall President

At Franklin and Marshall College a letter from President Stahr was read resigning as president and asking for a faculty instructor post. He stated the move aimed to place a younger man in the chair.

Lancaster Penn Franklin and Marshall College Stahr

Bank to reopen with new management and voting trustees

Edward M. Grout announced that the Mechanics and Traders' Bank will reopen soon under entirely new management. Receivers hold nearly 2.5 million dollars and expect close to 3 million by opening. Additional cash is arranged if needed and 82 percent of the 8 million dollars in deposits have signed the deferred payment agreement.

Edward M. Grout Mechanics and Traders’ Bank Grout

Frank Murray Taunts Police By Pawned Hotel Linen Heist

A dapper man calling himself Frank Murray caused police trouble and losses for pawnbrokers after stealing hotel bed linen from Mills Hotel No. 8 at 181 West Thirty-sixth Street. Murray, once a star boarder, pawned linen across the city, was arrested June 6, held in $1,000 bail, and pawnbrokers warned to stop dealing with him.

Frank Murray Mills Hotel Murray Kahn Moore Parere Bronx

Chelsea Exchange Bank stockholders meeting June 18 1908

Notice to stockholders of Chelsea Exchange Bank convening at 268 West 34th Street on June 18 1908 at 4 PM to vote on increasing capital stock from 100000 to 200900 and to transact other business. President Irving Stilger Cashion signs for the board.

Chelsea Exchange Bank West 34Th Street New York City Chelsea. Exchange Borough of Manhattan Irving NEM Stilger Cashion

Public Notice of Brooklyn sidewalk and curb assessments 1908

Public notices list proposed assessments for cement sidewalks curbing and fencing in Brooklyn districts. Objections must be written to the Board of Assessors at No 820 Broadway New York by July 7 1908 at 11 AM. Names Antonio Zucca Paul Weimann James H Kennedy William H Jasper act as Board and Secretary.

Board of Assessors Borough of Brooklyn Fourth Avenue Eighty-sixth Street Shore Head Gates Ave Linden Street Knickerbocker Irving Avenues Irving Avenue Waterbury Street Marjer Catherine Street Devoe Street Metropolitan Avenue Fifth Street Eighth Avenues Eighth Avenue Prospect Park West Sixth Seventh Avenues Fort Hamilton Avenue Kingsland Avenue Maspeth Avenue Withers Street Eachtide Frost Street Herbert Street Division Place Beade Street Meeker Avenue Pacific Street Utica Avenues Troy St. Mark’s Avenue Park East Fifth Street Vanderbilt Street Greenwood Avenue Prospect Place Schenectady Sterling Place Park Place Kingston Avenues Albany Avenue East Thirty-fourth Street Hoyt Bond Streets Emery Street Tompkins and Marcy Avenues Kent & Wythe Avenues Richardson Street Graham Manhattan Avenues Thirty-second Street Fourth Fifth Avenues Fifth Avenue Thirty-second Thirtythird Streets Throop Avenue Pulaski Street Roebling Street St. Mark's Place Sixth Avenue Sixth Street Third Street Stone Street Belmont Sutter Avenues Knickerbocker Avenue Gates Linden Avenues Troy Avenue West Seventeenth Street Surf Avenue Coney Island Creek Avenue Broadway New York Sea City Record Antonio. Zucca Paul Weimann James. H. Kennedy

Water supply land takings for Oakland Lake Queens

The Board of Estimate and Apportionment adopted resolutions on June 5 1908 to authorize the taking of two parcels around Oakland Lake Queens for a driven well and a filtration plant to improve New York City water supply. A public hearing is set for June 26 1908 at 10 40 AM in City Hall with notices to be published in The City Record and two Queens papers and two New York City papers weekly for three weeks prior.

Board OF Estimate and Apportionment City OF New York Board of Estimate Oakland Lake Borough of Queens State of New York City of New York Borgquch City Record Corporation Querns Seph Haag Broadway East Twenty-sixth Street Department of Public Charities BP. M. Co State House Metropolitan Hospital District Blacksrell’Istand Borough of Manhattan Robert W. Heblerd Belleval and Allied Hospitals Department of New York City Twenty-sixth Street First Avenue Manhattan Rot of Tees

SAVE CARFARE 75 CENT CEE LOOKING FOR A CENT

A fragmentary item notes a campaign or request related to reducing carfare costs to a penny. The note mentions Times and seeks new pricing or a cent level rate. Limited readable details prevent full context or scope.

Notice of Application for Appraisal Commissioners

The City of New York seeks to appoint three disinterested freeholders as Commissioners of Appraisal under Chapter 724 of the Laws of 1905 for the Eden Sico Reservoir area in Westchester County. The special term hearing will occur June 20, 1908 at ten o'clock in White Plains to determine compensation for parcels in Mount Pleasant for the Ken­sico Reservoir project.

NEW York Supreme Court Sth Westchester County Edensico Reservoir City of New York Supreme Court State of New York White Plains Kew Mount Pleasant County of Westchester County of Westchester Brown Southern Aqueduct Department City of New York Kensico Reservoir Barrett St Hich St Register of Pleasant Place Commercial Avenue Register of the County of Westchester N. Y TNS No Street Commercial Avye- Nua Adaline Avenue Said Street Adaline Sata S. ST Same Said Avenue High Street Columbus Avenue Norwood Street Rutledge Street Avenue Sedgwick Avenue Sandford McAdam van Brunt Harrett Morton Street Barrett Street Pleasant Plate Gard Pleasant Place Francis Key Pendleton Corporation Counsel Hall of Records Corner Sureaths Borough of Fattan New Yorks

Also Mentioned on This Page

drich-Vreeland National Banks HM. W. Srvor Ed Yes Association of the Say Tresasates Per-S Aldrich Senator Aldrihe Senate Committee Atinee Colorado Ohio United Spain Kton Askofi Portlana Paso Vindicator Isabella Aneae Y Danto Hale Norcross Kentucky Belcher Sleep Potosi Telegraph Opah J Goldfield C. M cNam Red Hills Sandstorm ePovence Mfontana St. Ives Settereres Montgomery Harriman U. S. Realty Report New Haven Grain and Provisions Vanescace Chicago Erie Sten Cp Metal Market Reports Weeeees Ceeeeses Ees Cseeees Csccseeecd Tee eOereens Rails Western Union Meeker & Co New Home Commercial Trust Bank For Foreigners Suicide Coster United Service Army J. R. Procter Fort Terry Fort Monroe Coast Artillery School H. Liggett Thirteenth Infantry Sempstilys 2 Arr W. H. C. Bowen Ightseath the Navy Ington Heights Mn Grout Stoile Hotel Dapper Guest Bowery City of New Frees Sixty- Seventh Street Richmond Nicholas J. Hayes Board of Revision of Assessments Pronx 24Th Ward Elsmere Place Prospect Marmion Avenues 178Th Street Crotona Avenue Southern Boulevard Bathgate Avenue East 188Th Street Pelham Avenue Herman A. Mee Board of Revision 1St Ward Jamaica Avenue Steinway Avenue Newtown Road 13Th Avenue 152 Avenue Loyster Street Bureau 12Th 1630 Street West 164Th Street Herman’ A. Metz William H.jasper New Gellevue Hospital Twenty-sixth Twenty-ninth Streets John W. Brannan Hellevue and Allied Hospitals Department OF “Public Charities Twenty-Fixth Street Seales Blackwell's Island Robert W. Hebberd Department OF Parks Zbrowski Claremont Park A En Grind Avenue Gun Hill Road van Cortland& Park
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