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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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