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Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 10, 1916

Page

16

Warburg warns prepare with gold limits for banks

Paul M Warburg of the Federal Reserve Board told the New York State Bankers Association in Atlantic City that the nation must strengthen gold holdings and curb loan expansion. He warned excess reserves are illusory and urged consolidation and tighter control of gold in circulation to avert future crises.

New York Times Atlantic City N. J Paul M Warburg Federal Reserve Board New York State Bankers’ Association Federal Reserve Banks T Hese Warburg Federal Reserve System New York Farmer Jones New York City Mr. Warburg Federal Reserve Commission

Commodities markets show early broad support for government report

Traders expressed clear views on the government report with a 2 1/4 cent advance. Cash durum and wheat prices fluctuated while corn and oats held firm under steady demand. cottonseed oil weakened on liquidation and coffee remained soft with no rally late.

Dairy Egg Market Slips as Receipts Hit 17 386 Packages

Receipts yesterday reached 17 386 packages with undercurrents of weakness across nearly all grades. Creamery extras and higher score lots show some firmness but overall tone is dull and irregular, with prices for most goods down from before.

Meade Pennsylvania Hennery Igo

Weather in Cotton and Grain States Summary

Forecast for multiple states shows a mix of unsettled and fair conditions. Dry, warm weather expected in portions of North Carolina Georgia Alabama and Mississippi with some sun and light winds. Ohio Michigan Wisconsin Minnesota and Iowa anticipate warmer days with rain possible in spots. Oklahoma Texas Arkansas and nearby regions face unsettled conditions with chances of showers and warmer temperatures.

Washington Car Tenn Ohio

Cotton Prices Rise in Narrow Market Amid Moderate Volume

Cotton prices advanced yesterday by 8 to 9 points in a subdued market as demand stayed non aggressive and selling pressure was light. Liverpool futures led with higher quotes while Southern spot markets remained steady, with middling cotton at 12.8 cents and 1,400 bales sold locally.

Kansas City Omaha Liverpool Great Britain Savannah New York Cotton Exchange Lyford Cameron County Texas Galveston New Orleans Mobile Savannaher Charleston Wilmington Werner Norfolk Aububla Savanaheons . Ie Augusta Memphis Mt Louls Houston Liverpol Lake T

Dry Dock Firms Merge to Form Todd Shipyards Corporation

Bankers who bought the Tietjen Lang Dry Dock Hoboken and Robbins Dry Dock Brooklyn yards plan a merger with Seattle Construction and Dry Dock. The Todd Shipyards Corporation will be capitalized at 6.5 million in bonds 3 million in new notes and 5950000 in common stock. William H. Todd of Robbins will lead the merged company. Notes convertible at 100 a share have been placed with Bertron Griscom White Weld and Palmer firms and offered at 90 1/2 percent.

Tietjen & Lang Dry Dock Company Hoboken Robbins Dry Dock and Repair Company Brooklyn New York Harbor Seattle Construction and Dry Dock Company Pacific Coast Todd Shipyards Corporation William H. Todd Robbins Company Bertron, Griscom & Co White, Weld & Co Palmer & Co

Deposits German Coins At Assay Office Increase

The National City Bank deposited 1.4 million dollars in twenty mark German coins at the Assay Office, taken from vaults since August 1914. The move raises bank reserves via government gold certificates and follows earlier inflows. J P Morgan and Co added 2.5 million in Ottawa bars, bringing current inflow to 41.57566 million. Sub Treasury released 1 million in U S coin for Cuba shipment.

National City Bank City Bank Andinavia Tee Se Bank J. P. Morgan & Co Ottawa Treasury United States Cuba

Bankruptcy notices for Isidor Barkas and George Taylor

In the Southern District of New York a bankruptcy discharge hearing is set for Isidor Barkas on July 12, 1916, at 10:30 A.M. in the Post Office Building Manhattan. A first creditors meeting for George Taylor, declared bankrupt May 2, 1916, is scheduled June 22, 1916 at 10 A.M. at 1 Rector Street New York City. Seaman Miller.

Isidor Barkas Post Office Manhattan New York William H. Willis Nited States District Court Sr. Listrict N. Y George Taylor Rector Street Seaman Miller New York County Abrahams David—J. Ferman Attle Joseph M A. Hineberg Bayer Jacob Jamestown Worsted Mle Braude Paper Co Arden Construction Co Archibald Papae Henry M. Braude E. Regul Michael J Hannis Distilling PR Barra Cesar B. F Singer Sewing Ee Compagnie Francaise de A Cyprien Fabre Com- Rees Aisee Hector N. Y. Steam Auto Tire Adm Cc. Bement Aincoat Co J. Goodman Broadway Co N. Y. Edison Co Bachman Max— Barrett W. M. Prest A. E. Hazlett Connor Joseph West Side Bank Connell James C C. A Warner Co Cottrell Mamie R H. J. Goldsmith N. Esposito Ind Delaney John M Harold B. Etes B. Hirschfeld Elmer Samuel Hecht Edward, Blanche Benjamin Green Douglas Curtis A. Lescaisa i A. Ze, Inc Defina Gordon Eugenie van Wagenen Hellwetl Max—B. Stern Italo Benedeto—Public Bank of N Hayden Henry W James R. Hayden Mary —A. R. FB. Pinchot Hubsch Olaf N. Berger Holland, Margaret Mabel—H Welr Hoddendorf Wm. H Park Patrick W Chas H. Min Hanrahan Der Mutual Transportation € C., Inc Vulcan Oil Co., Imp Howth James de L F. Trenholm Hawes, Gilibert BR Co Hassard John—Golden Lumber Co Heyman John—I Horowitz United States District Court Southern District of John F. Creeden Spire Pitou, JR Matt Pitou Copartners CREED PITOU Pitou, Jr Maurice Pitou Indt Copertners Creeden & Pitou Beaman Miller Ini Bankruptcy U. S. District Court Southern District of New York John J. Townsend U. G. District Court Southern District of Abram Abraham G. Suta Seaman MI Uthorn Louis Klein Coin Post How Fork Seaman

Courts Rule on Dyestuffs From China Amid Appraisal Reversals

Judge Brown acting as reappraisal officer of the Board of General Appraisers handed down fourteen decisions on dyestuffs shipped from China. Many items, originally invoiced at lower values, were reappraised with higher prices. in some cases consignors had sought market values at shipment dates, while the official values often upheld the invoiced figures. The shipments, dated November 1915 to February, included fast indigo blue, China magenta, Cosmos green RS, scarlets, and other dyes, most from Shanghai and entered at New York.

Brown Board of General Appraisers China Port Sague Hoechst Shanghail New York

Guggenheim Sons Denied Stay in $10 Million Mine Case

The Appellate Division in Brooklyn refused a stay for five Guggenheim brothers sued by their brother William for $10 million. The court did not rule on the merits, saying the defendants had committed to trial at the June Nassau County Supreme Court term after allegedly concealing information about a mine.

Guggenheims Appellate Division Supreme Court Brooklyn Meyer Guggenheim William Guggenheim Nassau County

New York Incorporations Charter Thirty-Seven Firms

Thirty-seven corporations were chartered in Albany New York with aggregate capitalization of $062,700. Listings include Wertsner Company Inc in movie screens and lithographs and Chateau Laurier Inc in hotels and restaurants with varying capital, plus several real estate and manufacturing concerns across Troy Jamaica Kings Sayville Gloversville and Brooklyn.

New York Times Alban N. Y Wertsner Company, Inc F. M. Bennet A. G Wertsner Delanco N. J M. EB. Weber L. H. Mitchell D. H. Durstein Troy Chateau Laurier, Inc F._ McGrew A. Shedlock Lyons Stewart Elevator Safety Latch Company, Inc Queens C. Weiland G. Cc. Meakim J. H. Stewart Clinton Av Jamaica Columbia Boulevard Corporation Kenmore L. E G. V F. B. Eberhardt R. L. Kenyon, Inc Mexico J. 4. Day R. L. Kenyon H. H. Waller Naagau St Block Megowen & Co., Inc Eddyville L. H Myerson J. G. Slottow Gunther West Washington St Chicago E. J. Steckler J. C. Bates G. Hilton Wall St H. Clay Glover I Co., Inc A M A. M. Glover M. James West 74Th St Levett Sales Co., Inc EB North J. P. Bolardi G. W. Lewitt West Old Wood & Co. Inc Apel Dry Goode Noveitier Sit Bleecker Gloversville Lankan Realty Co., Inc Reality M. Lippman E. Ullmann K. A. O'Leary G. W. Behrman Sayville American Food Manufacturer Publishing Co., Inc F. Condon Wright R. R. Richman West 113Th St Federwald Holding Co., Inc Cedarhurst G. C. Franciscus M. Bellt J. Breen Liberty St Continental Military Arms Corp M. R. Moers Bayer L. Liberman West 141St St. B

Multiple bankruptcies flood New York firms and individuals

The list details petitions in bankruptcy across New York firms and individuals. Creditors include mas Healy Equitable Life, Sayre, Andrew Mack, George Marion, MAX KISSELGOFF jeweler, and others. Separately, Western Pacific Railroad Co and Creed en Pitou face court actions with substantial judgments and claims.

West Hie Columbus Avenue Andrew Mack Mas Healy Equitable Life Assurance Society Thomas Bent Sayre George Marion I Max Kisselgoff Fast 1 4Th Street Charles Schipper Third Avenue Thirty-fourth Street Henry BP. Snow West 108Th Street Dyckman Street Eleanor Louise Clarke George P. Harvey Hand Ha Irving L. Washburne G P. Harvey George Ey Company Western Pacific Railroad Company California Corporation New York Trust Company Denver & Rio Grande Railroad Company

Detroit Tire Co charter filed in Trenton

Detroit Tire Co of Trenton filed a charter to manufacture and deal in automobile accessories with $10,000 capital. Directors named are Robert Mantell Ray Wirtz and J E Weich all of Detroit Michigan.

New York Times Trenton N. J Detroit Tire Co Robert 8. Mantell Ray Wirtz J. E. Weich Detroit Mich

Charters Filed For Coke, Oil and Instrument Firms

Dover notes list charters filed for several ventures including Pittsburgh Hy-Product Coke Company to operate coke plants and acquire mineral lands with $10,000,000 capital. The Milliken Company to refine market and distribute crude oil with $1,000,000. The Symphonian Company to manufacture and sell musical instruments with $400,000. Measiater Machine Company to acquire jetters patent with $900,000. Local Wilmington and New York incorporators are named.

Dover Del Pittsburgh Hy-Product Coke Company Herbert Ee Norman Coffin Clement M. Egner Wilmington Milliken Company Sympthonian Company

Hardware and apparel buyers seek goods at fixed agate prices

A bustling listings page shows buyers from multiple firms seeking fall coats dresses waistlines and plush materials. A Canadian agent visits New York seeking woolen and cot ton pieces with strong connections noted.

New York

Lace trade meeting notes widespread delivery abuse and dull market

Bauman chair and Mooney Florman Tesser Bros. report forty eight of fifty four members present. Market conditions show rain and dull sales squeezing profits as inventory grows. Trade discussion covers delivery abuse, metal effects fashion, and cautious outlook with prices and mill figures cited for various cloths and widths.

Dry Goods Trade Review From Marshall Field Co

Marshall Field & Co reports wholesale dry goods distribution in line with last year despite no semi annual pre inventory sale this week. Road sales for immediate and future delivery exceed last year. Fewer customers in market due to last year's pre inventory sale which attracts many merchants. Collections are about even and domestic cotton prices remain strong.

New York Times Chicago Marshall Field & Co

Customs Rulings Question Merchandise Valuation and Tariff Claims

The Board of General Appraisers denied clerical-error appeals from Oberle Henry New Orleans on entry valuations and upheld Collector duties. It overturned Strohmeyer Arpe on Bavarian sausages and Scotch collops classed at 15 percent and ruled firebrick at 15 percent under prior paragraph. upheld wrapping paper from Sweden not subject to countervailing duty.

Board of General Apraisers Oberle & Henry New Orleans Hay Strohmeyer & Arpe Co Waite International Forwarding Company Chicago Colingee Emrich, King & Schorsch Sullivan George F. Hubbs & Co Sweden

Toy Makers Organize A National Toy Association

About fifty U S toy manufacturers gathered at the Hotel Mc Alpin to form the Toy Manufacturers of the United States. A C Gilbert New Haven was largely involved. A Gilbert Company to lead the national group. Officers include A C Gilbert president H C Ives first vice president and Leo Schlesinger treasurer. Permanent offices planned in New York as aims pursue higher standards and boost US toy sales worldwide. The industry notes strong wartime shift raising American-made toy dominance.

United States McAlpin Leo Schlesinger Harry E. Ives Bridgeport Schlesinger A. C. Gilbert A. C. Gilbert Company New Haven National Association of A. ©. Gilbert A. Gilbert Compan H. C. Ives The Ives Manufacturin Company A D. Converse Morton E. Converse Son Winchendon Mass Leo Schiesinger Leo Schiesinger & Co New York F. D. Dodge F. A. Wagener B. E. A. F. Schoenhut William Ritchie L. 8. Bixler G. FE. Dessant B. E B. Fleischaker Association All American Manufacturers of Toys Japan

Arriving Buyers in Many Cities Buy Wearables

A long column lists arriving buyers in Akron Albany Baltimore Chicago Cincinnati El Paso Los Angeles Louisville New Haven Norwich Parkerburg Portland and more. Firms such as Polsky Co Halsey Co Rothschild Roebuck and Co and Eastman Bros show ready to wear notions and garments with prices and locations across the country.

Akron Ohio A. Polsky Co B. A. Polsky Albany Babcoc Oods K & Shannon E. Crounse Albert Baltimore Hargain House W. B. Bigier 4Th Av. & Co J. Miller J. Miller Mfrs St. Denis Hecht Bros. & Co. F. &. Imperial Deutach Bargain House Bates R. Reed Bro Binghamton Ae Co Mr. Seitler Jobs R'wanos Haker Tie Broston Gilchrist & Stein Coats Mise J Tames Braddock Penn Kats Christie Katz & Goldsmith Mise M. Christie Noth Underwear Bridgeport Conn H. Halsey Mira. Hill Chicago J. Rothschild & Co Breslin Roebuck & Co Child Ifrs Beare Rubel, Furn Cincinnati Ohio- Smith EL Paso Texas lLask Orga A. R. Schwartz Cloak & Salt Co Imitage Co Mies M. Henn l L. McClusky AY Coldamith Madison BR. Halsey & Co Murray S. Rothsh-Kasson Co Dren Prince In Swatt Co B. Notions Ood Great Falls Mon Paris D. G. Co F. A. G Fin H. Hale & Co G. H. Los Pannell Los Angeles Mrs. Coats Hamburger & Sone Cal A. H. Williams R. Gift Department Resta J. Bacon & Sons M. E Louisville F. M. Schussler Grant Cafe Sup- Cohen Herman Strauss Bone Co Trauss Coney Urs Matsalgae McKeraport Fenn Muslin Underwear New Haven Portland Eastman Bros. Acroft F. Buncon Fure

Also Mentioned on This Page

Fells Bankers Bank of Elk River Minn Minneapolis Stock Exchange New York Clearing House National Banks Ali Northern Duluth Manitoba Barry Gcnet Priece Uigh Rio Europe Wipeest Soe Cubas Et Mich Ark W. Tex E. Tex N. Sat Wis Rmn W. E Tietjen & Lang, Robbins Seattle United Et District Court An AY Ludlow Estates, Inc Yonkers A. Larson Arroco Manufacturing Company, Inc A M. Levy R. H. Lieberthel A. F. Thurnauer Schob & Wieser, Inc F. ©. Meisell E. W.ener Schob Clarendon Road Salisbury Center Telephone Company R. H W. M. Strough Salisbury Center Baltic Trading Company of New York, Inc J. J. Kelly A. F. Griffiths J. G. Dorrance Riverside Drive Clyde Motor Truck Company, Inc H. Randolph Guggenheimer Broadway the Universal Motor Company, Inc Toledo William ©. Cole Water St J. S. Batley Company, Inc Massachusetts A. B Cogley Bond St Presto Cigarette Case Corporation of New York, Inc L. and W. Amusement Company Sunderman Safety Carburetor Corporation Newburg Fenwick Company, Inc Buffalo Central Trust Company of News Southampton Bank Southampton Liberty Bell McCann Patents Company, Inc Joffe Distilling Company Rochester McHenry Shirt Company Binghamton Patrons’ Co-operative Association of Crary’s Mills M. & D. Building, Inc Commercial Paper Australia Department of Commerce London Wholesale Men's Furnishing Association Clothiers’ Grievance Board Associated Boys’ Clothing Manufacturers Greater New York Hotel St. Denis T of Mills Bradstreet Middle States New England Southe Western Northwestern Canada Bucing Cise Csnec Tecester Senectsers North River Lumber Co M. Lachter O'Hare, Daniel—Market Bank Pan-American Industrial Co., Inc Universal Industrial Corp Perry, Geo. H Lotos Adv. Co Princess Lwoff Paringhy F. Wesel Paynter Sarah A G. L. Kessler Rosenman Isidore—Franciss H.seegett & Co Ba Hobinson Geo Charles J. Jakes Macy & Co., Inc Leiden Bernard—M. Breakstone Sawnpson Oswald F F. J. Griffith Ros- Smith Abraham F. B. Fleischer Heymour Norman A Kramer Wade Henry Acker, Merrall & Geo D. Wetherill & Co., Inc Wyler Construction Co., Inc Met. Electric Protective Co Encecebegia Ih Cannneaae Morris—F. H. Lockw Woger Vet Vancpaasteeen O-Sign Electric Co City of M. Ziccace City of Peerless Fender Co Peerless Garter Bronx County Irving N. Y. Co. Inc Warner Charles A J. Telephone Coan Vitet Et al Ginsberg, Jane Katie Bauman M. Field Dalesandro Antonio J. ‘Brodie Peleadvne Ccccccrecas Vossceseses Bernheimer ‘ Schwartz Prisonering Co M. Mat Empire Plants State Bureau U. Guaranty Cer Volk Sarah A. Teres May la Brun Geo. P E Dalessandro H. H. Brady Hansen Henry C.C. Murphy Pyle Emily M. J. Lindley Pyle Billings Be of Chester Rrr Rea Wm. B Cornelius D. la Ferre J. Vitale Union Ry. Co Third Av. Ry Co M. Galasao T. Tully New Jersey Charter Delaware Charters Jobber West Zith St Will Red Cash D. Pankin & Sons West 20Th St Crepe DE Chine Fair Waist & Dress Co West 37Th 34Th St Greeley le L Coat Fe Merit Co West T It Navy Copenhagen Farragut Standard Mall Order Co M. Cooperman Wash Brirts Fishman, Bleecker St Gross & Leibowitz West 26Th Leonard St Franklin Chas. W. Becker Amsterdam Snap Fasteners Snap Fastener Sales Co West 34Th Bt Mitchell & Co West 21St St la Rose Waist Company West 21St Standard Dress Co National Association Haa
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