Guggenheim Sees New Era Dawning After Cleaned Augean Stables
Daniel Guggenheim returned to 165 Broadway after four months abroad. He reports European confidence in rapid U.S. recovery and copper demand at 18 cents per pound, up from 120 cents. He cites a cleaning of wasteful practices and says wages will align with productivity as business rebounds.
MENTIONED IN THIS ARTICLE
Daniel Guggenheim
Broadway
Europe
Guggenheim
Ernest Cassel
Edward
Ernest
Mr. Guggenheim
Guggenheim Exploration Company
John Hays Hammond
Comany
Hammond
Hope for Westinghouse Stock Subscriptions Hope Declines
Stockholders' Committee had not fixed the amount still needed for the $6,000,000 new issue by yesterday's close and faced uncertainty over a possible extension. About $2,000,000 remained unsubscribed as of Saturday though $4,000,000 of creditor claims was arranged. President Westinghouse in New York voiced cautious optimism.
MENTIONED IN THIS ARTICLE
Westinghouse Electric and Manufacturing Company
Jis
George Westinghouse
New York
Pittsburg
Henry Phipps
Westinghouse
Phipps
Europe
Friends of the
Westin House’ Company
Refund War Bonds May Be Refunded Into 2 Per Cent Issue
Special to The New York Times reports Secretary Cortelyou plans to retire the 64 million 2 percent bonds issued in 1898 to fund the Spanish American War but may instead refund them into new 2 percent bonds. The move hinges on effects on bank holdings, currency circulation, and bond prices, with Treasury funds and bank deposits detailed.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Cortelyou
Spain
Panama
Panama Canal
Treasury
Treasury Department
European Markets Endure Mixed London Trading On Settlement Cusp
The European markets showed abundance of money and steadier discounts in London with gold offerings of 2.9 million taken by Paris while trading on the Stock Exchange remained dull ahead of settlement. In Paris prices were weak with irregular tones. Berlin notes dull trading and weak prices amid regional political anxieties.
MENTIONED IN THIS ARTICLE
London
Paris
Stock Exchange
New York
Canadian Pacific
Berlin
Persia
Morocco
Government probes stock transfer tax evasion in New York
State Controller Martin H Glynn has launched an investigation to enforce the stock transfer tax. He reports widespread noncompliance by corporations, with hundreds of shares transferred without tax and even entire capitalizations issued tax free. Affected firms face audits over the past three years to recover revenue.
MENTIONED IN THIS ARTICLE
New York Times
Albany
Martin H. Glynn
Glynn
Inspectors Probe Stock Tax Delinquencies Downtown
Inspectors from the Controller's Department have quietly examined corporate books as far back as June 1, 1905. They investigated stock transfers for out‑of‑state holders and found unpaid taxes on securities where buyers or sellers resided outside New York State. The belief that tax applied only to in‑state sales was widespread on Wall Street.
MENTIONED IN THIS ARTICLE
Controller's Department
New York State
Wall Street
Cotton Market Sees Decline Despite Steady Tone
Cotton eased yesterday due to favorable weather and crop news, closing steady with a net decline of 16 to 28 points. Sales reached about 150000 bales as July notice day looms in the local market. Southern spots were steady to firm though interior sentiment held.
MENTIONED IN THIS ARTICLE
Aggaairechsen Esesnes A Eee
Gulf
Galveston
Mobile
Norfolk
Augusta
Houston
Little Rock
Knickerbocker Trust Company Reports June 17 1908 Finances
Knickerbock Trust Company reports its condition as of June 17 1908 detailing resources and liabilities. Entries include bonds and mortgages stock and bond investments public securities other securities real estate and accrued interest. Deposits total 35 378 490 63 along with capital surplus and reserves.
MENTIONED IN THIS ARTICLE
Seuss Meas
Ees
Report of the condition of the Trust Company of America 1908
The document presents the June 17, 1908 financial condition of the Trust Company of America. It lists capital stock, surplus, loans, deposits totaling 12,310,275.56, certificates of deposit, borrowed money, and other liabilities with asset breakdowns including public securities, other securities, trust advances, cash, and accrued interest.
MENTIONED IN THIS ARTICLE
C.cpek
Scse
Esss
Oriental Bank
Trus Parker
Wrens Due Trust
Metropolitan Trust Company of New York Financial Totals
Financial figures show 559 100.00 2 875 460.00 2 699 920.00 19 134 748.2 from The Metropolitan Trust Company of the City of New York.
Report of the Bowling Green Trust Company June
Report of the condition shows stock and bond investments with listed book and market values. It lists public securities, other securities, loans overdrafts cash items and other assets with figures including subscriptions by associated trust companies.
Reports of state banks condition and officials sworn
The Northern Bank of New York and Bowl ing Green Trust Company filed detailed balance sheets for June 1908. Officials Brayton Ives and Bertram Cruger sworn as president and treasurer cite assets including loans, deposits, securities, and cash items, with liabilities and paid-in capital noted.
MENTIONED IN THIS ARTICLE
State of New York
County of New York
Brayton Ives
Bertram Cruger
Metropolitan Trust Company
City of New York
Wall Street
A. E. Vogler
Kings County
N. Y
New York County
Henry C. Swords
Henry W. Reighley
H. Schuyler Cammann
Nassau County
Beal
John Munro
Edward Earl
N. D. Alling
Astor Trust Company Report Stated For June 17 1908
The report of condition for Astor Trust Company shows assets including stock and bonds valued at about 3.67 million, loans and overdrafts, reserves, and deposits totaling roughly 14.38 million. Officers Oakleigh Thorne and F. L. Hilton affirm the document as true and filed at the required location under state banking law.
MENTIONED IN THIS ARTICLE
State of New York
County of New York
Oakleigh
Thorne
L. Hilton
The
Trust Company of America
Wall Street
City of
New York
Howard A. Plummer
New York County
County of
Seward Prosser
Geo. W. Pancoast
Astor Trust Company
Fifth Avenue
Superintendent of Banks
Cashier
Chas. H. Graff
Kings Co
N. Y
Report of the Worton Trust Company June 11 Closing
Report of the condition of the Worton Trust Company at the close of business on the 11th day of June. The document records assets liabilities and financial status as of that date, detailing capital stock deposits and undivided profits for the institution.
MENTIONED IN THIS ARTICLE
Bowling Green Trust Company
Astor Trust Company
Worton Trust Company
Equitable Trust CO
New York
Farmers’ Loan and Trust Company
Peoples Bank OF the
City OF New York
Fidelity Trust CO
Fulton Trust Company of
Manhattan Company
Nassau Bank
Columbia. Bank
New York City
Fidelity Bank
Metropolitan Bank
Equitable Trust Co of New York Financial Report
The report details assets and figures for the Equitable Trust Co of New York including stock and bond investments, public and other securities, loans, cash items, overdrafts, real estate, and accrued interest. It lists book values and market values for securities, foreign exchange, legal tender, and notes, totaling substantial asset figures.
MENTIONED IN THIS ARTICLE
Ie Wien
Ewe Elanes
Csecees Real Estate
Besos
Oriental Ban
Ccs
Associated Trust Companies
Stock and Bend Investments
Tru
Foreign Dept. Exchange
Norks
Balance Sheet of Farmers' Loan and Trust Co June 17 1908
The report lists assets including bonds and mortgages, stock and other securities totaling over 16 million, loans around 47.3 million, real estate about 2.08 million, plus legal tender notes and deposits. It shows total deposits and accrued interest totaling about 7.56 million. Frank L. Grant and William L. Brower certify the accuracy of the report for The Northern Bank of New York, dated June 224, 1908, before Notary WM. F. McLaughlin.
Bank Reports From New York Trust Companies 1908
Financial statements dated June 17 1908 show The Farmers Loan and Trust Company Equitable Trust Co Morton Trust Company and Fidelity Trust Co reporting assets liabilities and common capital positions. Documents detail loans deposits securities real estate and cash while noting sworn attestations by presidents treasurers and secretaries and notary confirmations.
Financial Condition Report of Manhattan Company June 17 1908
The document details assets and liabilities of Manhattan Company and trusts, listing loans and discounts, real estate, securities, cash items, deposits, capital stock, surplus and profits. It records sworn affidavits by bank officers, noting jurisdiction New York and compliance with banking law and official notices from the Superintendent of Banks.
MENTIONED IN THIS ARTICLE
New York
Henry C. Swords
Henry W. Reighley
Fulton Trust Company of New York
Nassau Street
City of
Superintendent of Banks
State of New York
County of
Stephen Baker
D.H. Pierson
Manhattan Company & Bank
Wall Street
W. &. Johnson
Westchester County
New York Co
County of New York
Scott Foster
William Milne
The
Peoples Bank of
City of New York
Canal Street
Christian Zabriskie
Kings County
New York County
Joseph Fox
Walter 5. Griffith
Columbia Bank of
New York City
Fifth Avenue
Aid County
Walter S. Griffith
John Munro
Edward Farl
Nassau Bank
Beekman Street
Edward H. Peaslee
Eugene W. Dutton
Fidelity Bank
Madison Avenue
State of
Charles L. Adrian
Edmund F. Swanberg
German Exchange Bank
Broadway
Charl. L. Adrian
George Kern
Kentucky Bank Closes Doors in Dover
Citizens' Bank of Dover KY shut its doors after directors found no money in the safe. The bank, capitalized at 7500 dollars, had deposits totaling 7000 dollars.
MENTIONED IN THIS ARTICLE
Kentucky Bank
Dover
Citizens’ Bank
Also Mentioned on This Page
Sir Ernest Cassel
Augean
Hope For
the European: Markets
Foreign Public Securities
Ovens
Saxony
Hamburg
City of Cologne
City of Munich
City of Augsburg
Frankfurt-On-M
Nickerbocker Trust Company
Charles H. Keep
Harris A. Dunn
Knickerbock of Trust Company
Paul H. Hudson
Eport
Conditio
Metropolitan. Trust Company
Northern Bank OF New York
Oe Ee Nee Fos Thos Taewsans
Aevegabes
Palace
Ieee Etemis
Tareets
GSO
William H. Taylor
John A. Hilton
WM. H. Erwin
Undivided
Total
Frank L. Grant
WM. L. Brower
West 125Th Street
D. Grant
Edwin S. Marston
William B. Cardozo
William St
Fifth Av
W. B. Cardozo
Hersert Ellington
Vsune
Tinai
Puis
Alvin W. Krech
Frederick W. Fulle
Equitable Trust Co. of
R. P. Jackson
Register’s
Charles H. Allen
H. M.francis
Morton Trust Company
H. M. Francis
J. A. Broderick
Samuel S. Conover
Andrew H. Mars
Hudson Street
Andrew H.‘'Mars
A. W. Mellen
Notary Public
Eee
Osher
Bank OF the City OF New York
Jimne
Canital
Wenn Nenee
Ss.chas
W. Bogart
Geo. E. Edwards
Twenty-third Ward Bank
Third Avenue
Chas. W. Bogart
C. W
Montgomery Notary Public
Westchester Co
Path
Wun, Sc
E Eee
Vunre
Ee Ae
Casimir Tag
J. F. Frederichs
Henry Ollesheimer
William M. Perkins
Gilbert B. Sayres
Prema Augustus C. Corby
George Egel
James L. Milley
Lon- N
Don
Equiv
Close
Ch'ge
E. Atchison
Pacific
St Paul
Erie
Ill
Central
de Louis. & Nash
N.Y
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