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This newspaper page contains 26 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 19, 1909

Page

11

Wall Street sees bargain seekers and large loan shifts

As stocks rally from a low, brokers report many buyers seeking bargains but few bids meet current quotes. Interborough Metropolitan shares show unusual strength amid a market slump, with speculation tying to a franchise tax decision and rumors around American Beet Sugar and Corn Products Refining.

Court of Appeals Interborough Rapid Transitee Interborough Metropolitan Interborough-Metropolitan Wall Street New York

Conspiracy Suit Blasts Exchange Over Student boycott ruling

Marcus Heim of the Consolidated Stock Exchange seeks an injunction against Albert Loeb & Co to stop closing his account amid a Stock Exchange ruling prohibiting active Consolidated members from doing business with “Little Board” members. The suit claims a discriminatory boycott and seeks to overturn the May 19 resolution with June 23 court action.

Consolidated Stock Exchange The Stock Exchange Consolidated Charles A. Towne Benjamin F. Spellman Marcus Heim Consolidated Exchange William J. Kelly Supreme Court Brooklyn Albert Loeb & Co Big Board Little Board Heim Broadway New York Stock Exchange

Chicago stock market mixed gains for Street's Stable Car lead

Special to The New York Times reports Chicago trading showing Street's Stable Car as the day's active leader with a 1 percent advance before midday. Sears Roebuck American Can and Booth Fisheries posted varied results with Biscuit and Fisheries stock movements noted in late trading.

New York Times Chicago Street Sears- Roebuck Booth Fisheries American Can Booth Fisheries Pl Chicago Title & Trust Chicago Telephone Commercial Edison Illinois Brick Kansas City Light National Biscuit Pf National Carbon People’s Gas Sears-Roebuck Sears-Roebuck Pf Swift & Co United Box Board

Treasury condition report bonds and coin totals

Washington reports the Treasury open with extensive figures: gold coin and bullion 150,000,000. trust funds to redeem outstanding certificates 845,205,859. silver dollars 484,404,000. silver dollars of 1800 4,243,000. general fund 148,948,466. Philippine Treasury 4,594,986. awaiting reimbursement 20,5233. liabilities 107,228,106.

National H Inks Philippine Treasury

Freight Rate War Renewed Among Eastern Railroads

The Import Committee of the Trunk Line Association approved further cuts of 30 cents per hundred pounds in class freight and 1 cent per hundred in commodity freights effective Aug 1. This marks the third class-rate drop and fifth commodity-rate reduction since the late war began. Boston & Maine now charges 61 cents for first class, down from 70, while Baltimore’s rate drops to 58 cents with similar cuts at sea ports including Philadelphia.

Trunk Line Association Boston Boston & Maine Railroad Baltimore Philadelphia

Boston & Albany Bond Issue Approved

The Public Service Commission authorized the Boston & Albany Railroad to issue 4.5 million dollars in twenty five year 4 percent bonds for property improvements. Eight thousand eight hundred fifty dollars of the total is to be used in New York. The commission also authorized the New York Central & Hudson River Railroad to guarantee the bonds.

Boston & Albany Albany The Public Service Commission Boston & Albany Railroad Company New York New York Central & Hudson River Railroad Ces

Weather forecast for cotton and grain states Saturday and Sunday

United States Weather Bureau forecast for June weekends in 11 states. Generally fair conditions prevail in North Carolina through Louisiana with local showers in Eastern Florida and Oklahoma. Minnesota Wisconsin and Missouri show varying winds and partial cloudiness in parts of the weekend.

New York Times Washington United States Weather Bureau North Carolina South Carolina Georgia Florida Alabama Mississippi Louisana Texas Oklahoma Kansas Arkansas Indiana Ilinois Michigan Wisconsin Minnesota Missouri North Dakota South Dakota Nebraska

Stockholders to Meet on Issuance of 500000000 Preferred Stock

A special meeting of Hegeman & Co stockholders is called for July 1 to approve a resolution authorizing the issue of 50000000000?00000. The American Cities Railway and Light Company announced a 1 percent initial dividend on its common stock payable July to stockholders of record June 21. The Quick Silver Mining Company elected a new board including Charles A Jones as President Gustave Frank as Vice President H H Starrett as Secretary and L B Haag as Treasurer. Applications were made to the New York Stock Exchange to list 6000000 stock and 87979 100 per cent first mortgage bonds for Detroit Edison Pacific Telephone and Duluth Mesaba networks.

Hegeman & Co American Cities Railway and Light Company Quicksilver Mining Company Charles A. Jones Gustave Frank H. H. Starrett L. B. Haag Stock Exchange Detroit Edison Company Pacific Telephone and Telegraph Company Duluth, Mesaba & Northern Railway Company

European Markets Show Mixed Trading On June 18

Reports from London Paris and Berlin indicate money supply outpacing demand in London with easy discounts and a mildly upbeat but irregular close on the stock exchange. Paris prices held steady on the Bourse while Berlin trading remained dull and broadly lower with iron and American railroad shares rising.

London Paris Stock Exchange Kaffirs New York Berlin

Market Lifts and Dips Mixed Across Stocks And Wheat

Moderate activity opened with sharp losses in prominent specialties then steadying. North Butte slipped to 574% while United Fruit recovered to 140 and American Telephone climbed to 141. Wheat news remained bearish with large country sales for July-August and mixed global prices. The Day’s report notes firming in copper and zinc issues and a busy future-leaning market backdrop.

New York Times Boston North Butte Arizona Butte Coalition Lake and American Zinc Miami Nevada United Fruit American Telephone Agricultural Chemical United Shoe Machinery

No Van Norden Merger Plans Quietly Denied

The minority committee of Van Norden Trust stockholders led by John T. Terry received a reply from Carnegie Trust President Dickinson saying the Van Norden stock was bought as a private investment. The committee is assured a hearing if a merger application is filed and Mercantile Trust will hold minority stock as depository. Many minority holders wish to deposit their shares with the committee.

van Norden Trust Company John T. Terry John C. Tomlinson Dickinson Carnegie Trust Company

Record Freight Train Haul Sets Pennsylvania Record

A record movement on the Pennsylvania Railroad between Altoona and Enola near Harrisburg shows 85 steel gondola cars carrying 4451 tons of coal attached to a single improved freight engine. The 6151 ton train ran 174 miles in 7 hours 16 minutes at an average 17 mph, previously requiring a helper locomotive on heavy grades.

Pennsylvania Railroad Altoona Enola Harrisburg Penn

Hill Off on Fishing Trip to St Johns River

James J. Hill departed for Montreal to begin his annual Canadian fishing expedition aboard the yacht Wacoutah. His party includes George Baker Samuel Thorne L W Hill and Dr George D Stewart with Burlington president George B Harris. They expect a three week absence dedicated to salmon fishing.

James J. Hill Montreal St. John’s River Wacoutah George ¥. Baker Samuel Thorne L. W. Hill George B. Harris Burlington George D. Stewart Mr. Hill

No Profit to Harriman in Georgia Railway Deal

Vice President A. B. Hackstaff states Central of Georgia Railway was taken over by Illinois Central from E. H. Harriman. Harriman acquired the line in 1907 for its capital value, weathered the panic, and was repaid exactly the price he paid plus interest, with no profit to Harriman.

Central of Georgia Illinois Central A. &. Hackstaff Central of Georgia Railway E. H. Harriman Harriman

Bankers Borrow Abroad As New York Financiers Tap London Markets

Over the last six weeks New York banking houses borrowed about 75 million dollars abroad, mainly in London and Paris. The loans, often secured by collateral with Yankee agents, some even shipped to the other side, aim to back mergers in rail securities. The activity echoes early season patterns with repayments expected as grain exports rise in Fall.

New York Knauth, Nachod & Kahne London Paris

Dun's Review Reports Broad Uplift in Trade Conditions

Dun's Review notes sustained gains in industrial activity and business confidence. Reports from leading cities show broader wholesale retail distribution, higher employment, and more building and manufacturing activity. Bank clearings rise, iron and steel expansion continues, and dry goods and shoe sales improve while crop prospects bolster farmer prosperity.

Dun New York

Trade opportunities noted in daily consular report

The June 18 Consular and trade summary highlights buying opportunities for athletic clothing and supplies in Eastern Europe, oil machinery and related equipment for Latin America, electric power plant gear in the Far East, cold storage products in the West Indies, wharf construction concessions in a Latin-American republic, and rawhide purchases by a German firm.

Washington Bureau of Manufactures Bede Hg of Commerce and Labor Washington, D. C Consur Europe United States Far East West Indies

Weekly Failure Report by Bradstreet's

Bradstreet's records 213 business failures in the United States for the week, compared with 197 prior week and varied totals for 1908 to 1905. Regions show Middle States 6, New England 29, Southern 54, Western 37, Northwestern & Far West 16, Canada 28. About 87 percent of failing concerns had capital 5440 or less and 8 percent had capital between 5000 and 20000.

Bradstreet United States Middle States New England Southern Western Northwestern Far West Canada

Dividend Declared by Union Pacific Railroad Company

The Union Pacific Railroad Company declares a quarterly dividend of 2.50 per share on common stock payable July 1 1909 at the Treasurer's Office 120 Broadway New York to stockholders of record at noon on Saturday June 5 1909. The stock transfer books will not be closed. Stockholders who have not filed mailing orders should do so with the undersigned Fredric V. S. Crosby Treasurer New York May 20 1909.

Broadway New York N. Y Frederic V. S. Crosby A. K. van Deventer United Traction and Electric Company Jersey City N. J C. S. Sweetland United Gas Improvement Company N. W Broad and Arch Streets Philadelphia William E. Parker Electric Storage Battery Company Allegheny Avenue 19Th Street Walter C. Henderson Yorkville Bank Ernest Wolkwitz Hudson Realty Company N. Y. Dt Samuel E. Jacobs

Dividend notices from multiple firms dated 1909

A collection of historical dividend notices. includes Common Stock dividends of 1.5 per cent and 1.25 per cent on various companies, payable July 1 1909. Details cover bearer warrants, transfer book closings, and treasurer contacts, with firms in New York Jersey City Philadelphia and Boston.

London Executor at 18 Bishopsgate Street

A Parisian notice identifies executor proceedings linked to 18 Bishopsgate Street in London with reference to Paris address 41 Boulevard Haussmann and Guardian as the supervising entity.

Butte Electric & Power Co Stockholders Meeting Notice

Butte Electric and Power Co announces its annual stockholders meeting at 765 Broad Street Newark New Jersey on Tuesday July 13 1909 at 11 o clock in the forenoon. Directors to be elected and other business to be considered. Stock books close June 21 1909 at 8 PM reopen July 14 1909 at 10 AM. P BE BISLAND secretary.

Bisland

Dissolution of Interstate Railway and Steamship Supply Co

Notice states the partnership between Mathew M. Feely and Thomas F. Fallon under the name Interstate Railway and Steamship Supply Co has been dissolved. Dated New York June 18 1909 by Thomas F Fallon.

Simonds & Domroe Wooster Street Borough of Manhattan City of New York David Domroe New York Mathew M. Feely Thomas F. Fallon Interstate Railway and Steamship Supply ,Co

National Butchers and Rovers Bank declares semiannual dividend

The Board of Directors of this bank announce a semi annual dividend of three per cent free of tax. Payment begins on July 1. Transfer books will close from June 30 to July 1. William H. Chase, cashier.

Phenix National Bank City of New York B. L. Haskins National Butchers and Rovers’ Bank New York Wu WM. H. Chase, Casnter

Notices Seeking Bond Proposals and Government Construction Bids

Notices call for sale of San Francisco and North Pacific Railway bonds by The Mercantile Trust Company and invite sealed bids for multiple government construction projects at Fort Hamilton Fort Wadsworth Fort Hancock West Point and Ellis Island with deadlines from June to July 1909 and details on deposits plans and right to reject proposals.

Quartermaster Fort Hamilton N. Y Fort Wadsworth Dept. of the East Governors Island Quartermaster’s Office N. J Fort Hancock Department of the East Governor’s Island Post Headquarters United States West Point Commissioner of Immigration Ellis Island U. S William Williams

The Quickest Way to Sell a Second Hand Car

The Sunday Times Automobile Exchange offers the fastest route to dispose of a used vehicle. The department targets buyers seeking satisfactory cars and is widely read by potential purchasers.

Automobile Exchange Sunday Times

Also Mentioned on This Page

Corn Products Refining Company Atchison and Central Atchison New York Central Vanderbilt Lines Exchange Chicago Stock Market the Treasury Balances Treasury Financial Notes Foreign Public Securities Saxony Hamburg City of Herlin Cologne Augsburg Ite Damme AG Frankfort-on-Main Vienna Atchison Geet St. Paul Wee . Rey Evie Erie Iil Central Louis. & Nash Siew Central Rei Pennsylvania Wigly Reading Su Pacific Bnion Pacific Ssepee HS UL. & Steel Pf nat _ tsee American Mining A Esperanza Dolore Tomboy Stratton el Oro Boston Stock Market Grain and Provisions Missouri Valley Liverpool Hungary Duluth Tomorrow Kaiser Czar United States Supreme Court Adv Bow G& W Ales Aus & Q. Jnt Western T. & T Atchison Eteene Sonesegd Atchison Pf Pa Boston Elevated Boston Elc Fitchburg Pf Chemical Agr Chem Gulf & W East Oes Land Edison Wey Georgia Ry. & Elec N. E Northern T. Elec Pullman Seattle Elec. Co United Shoe U. S Steel Eeeae Eee Nae Aly Batonsias Eet Ween Ih Boston Consol Sacs Boston & Corbin Bly Wits Calumet & Ari Calumet & Hee Centennial Eee Central Oil Cee East Butte Elm River Franklin Annes Giroux Tee Granby Consol Greene Cananea Hancock Isle Royale Lake Mass Areca Mayflower Mexico Consol Ojibway Steeeee Old “ Dominion Osceola Quincy Ee Shannon Seeedes Superior Rae Pittsburg Tee Trinity Uu S. Coal & Oil S. Smelting S. Smelting Pf Wees Utah Consol Victoria Ee San Francisco Hale & Norcross Julia Belcher Best & Belcher Ophir Caledonia Iy Overman Cal & Va Sierra Nevada Imperial Union Crown Point Utah Gould & Curry Telegraph Sageer Tonopah Diamondfield Jim Butler Goldfield Montgomery Mt i Ugats Siresee Lake Superior Bell Telephone Cambria Cambria Leel Chicago Gt Ieee Telephone i Luke Sup. Corp Lehigh Navigation Lehigh Lehigh Valley Norristown Salt Mfg Steel Phila.’ Co Tee Ts . Phila Phila Freetric. Ores Co Phila. Rap Phila. Traction Reading Southern Ryan Oy Union Traction Union Trac Pitts United Gas Imp Ces GT Oh van Norden Carnegie Trust Hill Georgia Central Rawhide Union Pacific Railroad Company Southern Pacific CO Etri City, Ane & Light Tri-City Railway and Light Company F. Wickham Farmers’ Loan and Trust Company William Street Fifth Avenue Bishopsgate St Boulevard Harussmann Travelers’ Letters of Credit Guardian Emigrant Industrial Savings Bank Chambers St Board of Trustees Will Ae Thomas M. Mulry John J. Piulleyn Metropolitan Savings Bank Third Ave Cooper Institute Jonathan B Currey Edward Sherrer Dollar Savings Bank Third Avenue John Haffen WM. M. Kern North River Savings Bank 34Th St. Bet 6Th Aves Samuel D. Styles Fred’k N. Cheshire Sec Treas George T. Connett Bank For Savings City OF Fourth Avenue Alter Trimble Charles Fe Sherman James Knowles Empire City Savings Bank West 125Th Street J. A. Hopper A TT. Timpson Bank OF America W. M. Bennet American Coal Products Company BP. W. Weeks Ontario Province OF Statutes of Toronto Bank of Montreal Cheqte Consolidated Revenue Fund of Ontario A. J. Matheson Treasury Department Parliament Buildings Andrew J. McCormack Adrian H. Muller & Son William ST Vesey Street Atchison, Topeka & Santa Fe Ray. Co St. Louis Southwestern Rwy. Co Broadway Trust Co Continental Insurance Co Union Ferry Co Tiffany & Co Guana Juato Reduction & Mines Co Raton Water Works Co Valencia County New Mexico Chase National Bank Union Typewriter Co United States Sugar Refining United States Express Co New York Life Ins. & Trust Co Merchants’ National Bank Mohawk Valley Brewing Co Schenectady van Norden Trust Co San Francisco and North Pacific Railway Co Mercantile Trust Company San Francisco and North Pacific Railway Company Guy Richards
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