Treasury calls $25 million deposits from National banks
Secretary MacVeagh ordered a near term return of about 25 million dollars of government funds from National banks. 9 million to July 15 and 16 million to August 15, reducing depositor balances while keeping 37 million in active accounts and 1.5 million in smaller banks. A total working balance of over 43 million will rise to about 68 million, with possible Panama bond or Treasury receipt issues before December.
MENTIONED IN THIS ARTICLE
Washington
Treasury
United States
National Bank Depositaes
Treasury Department
Panama
Mutual Life Plums 3000 Shares in Central Trust Private Sale
A block of nearly 3000 shares of Central Trust Company stock, mostly Mutual Life Insurance Company holdings, was sold privately for about $1000 a share. The sale satisfies part of a $2,000,000 extra dividend and aligns with insurance laws requiring divestiture within two years. The buyers’ identities are not disclosed, and some stock was sourced from another insurer facing the same subscription limits.
MENTIONED IN THIS ARTICLE
Central Trust Company
Pro Tata
Mutual Life Insurance Company
Mutual Life
Seompany
Trust
Justicece
Mutual Zife
Auerbach & Co Suspends at Produce Exchange
Auerbach & Co with offices in the Produce Exchange Building suspended operations yesterday due to an inability to meet cottonseed oil contracts. The drop in July cottonseed oil terms triggered the issue but did not affect the Exchange market. E. F. Auerbach said no assignment had been made and a conference with attorneys and creditors would seek to tide over difficulties.
MENTIONED IN THIS ARTICLE
Auerbach & Co
Produce Exchange
E. F. Auerbach
Boston Railroad Holding Company Takes Over B and M Stock
At its first meeting the Boston Railroad Holding Company voted to purchase 110000 shares of the Boston & Maine stock held by John L. Billard. Incorporators admitted Theodore C. Vail and Philip Dexter as members and elected Frederic Domain as president Walter Baylies as vice president Robert Murnett as secretary and Charles F Choate Jr as clerk.
MENTIONED IN THIS ARTICLE
Boston
Boston Railroad Holding Company
Boston & Maine
John L. Billard
Meriden
Rederic
Leon Mass
Walter C. Baylies
Robert Murnett
Southboro
Charles F. Choate, Jr
Southbor
German teachers meet at 37th convention in New York
The National German American Teachers Association opened its thirty seventh annual convention at Deutsche Liederkranz Hall on East Fifty eighth Street with several hundred of its thousand members present. Speakers included Herbert Cillis Dr Rudolf Tombo Patrick F McGowan and Louis Haupt speaking German. The gathering heard music from the Liederkranz Singing Society as McGowan mixed English with German for humor. The group will reconvene at 10 A.M. today.
MENTIONED IN THIS ARTICLE
der Nationaler Deutschamerikanischer Lehrbund
Teachers’ Association
Deutsche Liederkranz Hall
East Fifty-eighth Street
Sevral
St. Louis
Liederkranz Binging Society
Herbert Cillis
Liederkranz Society
Rudolf Tombo
Columbia University
Patrick F. McGowan
Board F Aldermen
Metz
Louis Haupt
Board of Education
Henri Hubel
McGowan
New England
New York
United States
Weather forecast for cotton and grain states dictates showers
The Weather Bureau forecasts for Wednesday and Thursday includes widespread showers in the coastal and southern states from North Carolina to Louisiana with light to moderate variable winds. Eastern and Western Texas are generally fair with coastal showers, while the central plains show partial cloudiness and cooler conditions in Minnesota.
MENTIONED IN THIS ARTICLE
New York Times
Washington
United States Weather Bureau
North Carolina
South Carolina
Georgia
Alabama
Florida
Mississippi
Louisiana
Texas
Oklahoma
Arkansas
Missouri
North Dakota
South Dakota
Neraska
Kansas
Indiana
Illinois
Michigan
Wisconsin
Minnesota
Treasury to overhaul daily cash statement July 1
Washington reports major changes to the daily Treasury cash statement to align with receipts and disbursements. Discrepancies due to separate reporting sources will end, with three classes now shown: ordinary, Panama Canal, and public debt. Fiscal year totals include a $60 million ordinary gap and $119 million overall deficit.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Treasury
Panama , Canal
Panama Canal
New Pennsylvania Yard Contract Signals Rails’ Expansion
The Pennsylvania Railroad awarded a 2 to 8 million dollar contract to Eyre and Shoemaker of Philadelphia to build a new classification yard at Northumberland. Work starts at once, reflecting resumed large-scale improvements after two years of suspension.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad
Northumberland
Eyre & Shoemaker
Philadelphia
Pennsylvania
The
Pittsburg
Interborough Bond Sale Reflects Refunding Plan
J P Morgan & Co is reported to have purchased 10 million dollars of Interborough Rapid Transit first mortgage bonds planned to retire equal short-term notes maturing in 1910. The Public Service Commission denied the issue, noting the mortgage already permits issuance when needed, so no action was required now.
MENTIONED IN THIS ARTICLE
J.P. Morgan &Co
Interborough Rapid Transit’ Company
Interborough Rapid Transit Company
Wall Street
Morgan & Co
Metropolitan Street, Railway Company
Interborough Metropolitan Company
Public Service Commission
Interborough
Georgia bill to bar Negro firemen and trainmen
A Georgia legislative move seeks to exclude Black workers from roles as firemen and trainmen. A committee for railroad firemen and trainmen began drafting a bill to be shown to the Legislature now in session. An educational test for Black firemen has already been proposed in the House.
MENTIONED IN THIS ARTICLE
Atlanta
Georgia Railroad
Georgia
Heat Wave Eases As Temperatures Drop Across City
The city saw a cooldown with humidity dropping from 75 to 41 percent from morning to night. Daytime highs reached 88 and a 74 low. two heat related deaths were reported Mrs. Julia Gartland and Mary Carney. A man named Charles Anderson aided others by fanning strangers. Police reported fewer prostrations than in prior days.
MENTIONED IN THIS ARTICLE
Julia Gartiana
West 100Th Street
Mary Carney
Atlantic Avenue
Brooklyn
Meyer
Bellevue
Cuban Lottery Bill Passes Senate in Havana
The Senate approved the National Lottery bill with small changes and sent it to the Conference Committee for rapid consideration. The budget was referred to Finance, expected to be favorably reported for possible passage and the President's signature before adjournment tomorrow.
MENTIONED IN THIS ARTICLE
Havana
Senate
Conference Committee
Finance Committee
Military officer assignments and encampment duties
The United Service reports numerous army transfers and assignments. Captains Cul ler Weed Shaw Hartmann Shipton Winn and others move to camps near San Francisco Sparta Sparta Sparta Albany for militia medical officer instruction and encampment duty. Major Hoffer and Major Erwin receive inspector and general staff roles with brigade deployments and recruiting duties. First Lieutenant Poillon and Major Wren also receive temporary posts to Governors Island and New York duty periods.
MENTIONED IN THIS ARTICLE
Washington
R. M. Culler
F. W. Weed
Antietam
J. EB. Hoffer
Ordnance
Richmond
H. G. Shaw
R. L. Carswell
W. A. Wickine
San Francisco
F. A. Dale
C. C. Whitcomb
H. W. Jones
Medical Corps
Sparta
Wis
C. F. Hartmann
Signal Corps
Signal Corps Company
N. G. Penn
Somerset
J. A. Shipton
Coast Artillery Corps
Atlantic
Fort Totten
J. A. Lockwood
Denver
A. Poillon
Fourteenth Cavalry
Governors Island
W. C. Wren
Twelfth Infantry
J. B. Erwin
Inupelier
Department of the Missouri
J. 8. Winn
Rockford
Iil
G. M. van Poole
Fort Wayne
Navy Assignments and Court Martial Duty Notices
The Navy announces Rear Admiral W. P. Potter to duty as chief of the Bureau of Navigation and as a member of the army and navy joint in Washington. Rear Admiral H. Winslow assigned to general court martial duty in Boston Massachusetts. Lieutenant Commander C. Wells to home and wait orders.
MENTIONED IN THIS ARTICLE
W. P. Potter
Bureau of Navigation
Navy Department
Army and
Navy Joint
Washington
H. Winslow
Boston
Mass
Liet
C.wells
Maritime Movements From Hampton Roads and Global Ports
Sailed Brutus from Hampton Roads to Bradford Illinois, with Philadelphia to Boston Olympia Chicago Hartford and Tonopah from New London to Gardiner Bay Mississippi. Minnesota sails from Hampton Roads to Marblehead Montana from Syracuse to Smyrna. Lincoln names Hampton Roads and Bradford as ports in a wide list of ships and destinations.
MENTIONED IN THIS ARTICLE
Tacoma
Ohio
Hampton Roads
Nero
Bradford
Thornton
Boston
Hannibal
Charleston
Cleveland
Nagasaki
Louisiana
Prairie
Abarendd
Worden
Provincetown
Alexander
Hongkong
Brutus
Illinois
Philadelphia
Olympia
Chicago
Hartford
Tonopah
New London
Gardiner’s Bay
Mississippi
Eastport
Minnesota
Marblehead
Montana
Syra
Smyrna
Mortgage Bond Coupons and Stockholders Meetings Listed
Multiple railroad and utility bonds detail coupon payments due July 1 1909 including Bangor & Aroostook Refunding 4% Second Mortgage 5% and First Mortgage 5% bonds with payment offices in Boston New York and at Broad Street. Also notices for annual stockholders meetings of Ruy Lopez Co and Inter Borough Realty Company with dates July 5 and July 15 1909 and locations in New York City and Wall Street.
MENTIONED IN THIS ARTICLE
Bangor & Aroostook Railroad Co
Consolidated
Mesars
Lee, Higginson & Co
Boston
Edward Stetson
Bangor
Guaranty Trust Co. of
New York
Nassau St
Guaranty Trust Co
National Railroad Company
Broad Street
Peer Street
New York City
F. Souther
Mexican Central Railway Company, Limited
New York Trust Co
F. M. Souther
Missouri, Kansas
Wall Street
Fox
Co. G. Hedge
Vice Pres
Treas
Central Union Gas Company
H. B.hollins & Co
Wall St
N. Y. City
W. C. Phelps
RUY Lopez CA
RUY- Lopez CA
Fulton Street
Borough of Manhattan
City of New York
G. Thompson
Rotary
Inter Borough Realty Company
Copany
City
R. Garab
Bee’y
Minneapolis & St. Louis Railroad Co
Des Moines & Fort Dodge Railroad Company
F. H. Davis
New York & Cuba Mail Steamship Company
Farmers’ Loan & Trust Co
William D. Macy
Ferrocarriles Nacionales DE
National Railways of Mexico
Port of Para 5% First Mortgage Bonds Payable in New York
Credit and bond notices list coupon payments due on July 1 1909 for several securities including Port of Para 6 percent first mortgage 50 year gold bonds and other railway and company bonds. Payment offices, examination days, and transfer book closings are noted with issuing banks and treasurers.
MENTIONED IN THIS ARTICLE
Port OF Para
New York
Empire Trust Company
Port OF
Port OF Para, B. H. Binder
H. M. Gough
New Gas and Electric Railway Company Incorporated
Trenton June 29 The Union Railroad Gas and Electric Company is incorporated with authorized capital of 18 million dollars. The plan is to operate electric railroads and to build and run electric and gas plants. Stock is divided into 6 000 000 common and 12 000 000 preferred.
MENTIONED IN THIS ARTICLE
New Gas and Electric Railway. Co
Trenton
Union Railroad, Gas and Electric Company
Gold Exports Seen Rising With Shipments To Argentina
The week may see higher gold exports as at least 1.5 million dollars is set to be shipped next Saturday to Argentina. The amount will be sent in three transfers by National City Bank Speyer and Co and Goldman Sachs and Co. Foreign exchange rates stayed high with demand sterling up to 4.8815. Additional Europe-bound exports could follow unless rates reverse before week’s end.
MENTIONED IN THIS ARTICLE
Argentina
National City Bank
Speyer & Co
Goldman,Sachs & Co
Europe
Railway loan to Haiti issues bonds secured on revenues
Speyer & Co and the National City Bank have taken an $800,000 ten year collateral trust bond issue of the Central Railroad of Haiti. The bonds carry 6 percent interest and are secured by a lien on the railroad’s property and a pledge of significant public revenues.
MENTIONED IN THIS ARTICLE
Haiti
Speyer & Co
National City Bank
Central Railroad
Reading Iron Company Restores Wage Reductions
Reading Pennsylvania June 29 The Reading Iron Company says part of the February wage cut will be restored starting July 5 Puddlers will rise from 3.75 to 4 a ton with others adjusted proportionally and all workers affected.
MENTIONED IN THIS ARTICLE
Reading
Penn
Reading Iron Company
Treasury funds and reserves report from Washington
The daily Treasury report lists reserve fund holdings of gold coin and bullion at 150 million dollars, trust funds to redeem outstanding certificates at 84.3 million, 3.484 billion in general funds, 149.8 million in the general fund, deposits in national banks at 75.06 million, Philippine Treasury 4.15 million, awaiting reimbursement 16.3 million, and current liabilities at 107.67 million.
MENTIONED IN THIS ARTICLE
Gan As
Vaedécsss Seccessessee cl
Dividends and Public Works Entries Across Multiple Localities
A compiled list of dividends and references to public works across numerous towns and districts. Entries include water works, sewer systems, street improvements, school buildings, bridges, and high school or district components in states such as Ohio Texas North Carolina New York Virginia Kentucky and others.
MENTIONED IN THIS ARTICLE
Cattaraugus
N. Y
Cincinnati
Dayton & Toledo Traction Co
Coshocton Gas Co
Ohio
Dallas
Texas
City of Crematory
Elm Street
East Randolph
Franklin County
Highland Park
Henrigo
Hotchkiss
Colo
Hubbard City
Jefferson, Texas
City of
D. S. B. Johnston Land Co
Lenoir
N. C
Lincolnton
Luckey School
Thirty-fifth Ward
City of Pittsburgh
Meridian,Miss
Newton
Ocala
Fla
Olean
Board of Education
Union Free
San Angelo
Ward
Sioux Falls
S. D
International Nickel declares dividends for preferred and common shares
International Nickel Company announces a 1.5 percent preferred dividend for the quarter ending June 30 1900 to be paid August 2 1909 with records July 10. A 1 percent common dividend is paid September 1 1969 with records August 10. Transfer books dates given. James L. Ashley treasurer. The Atchison Topeka and Santa Fe Railway declares a $2.50 per share preferred dividend payable August 2 1900 with records June 30 1909. Books not closed. Dividend cheques mailed for preferred stock. C K Cooper assistant treasurer Nassau Street New York City.
MENTIONED IN THIS ARTICLE
Chicago& Alton Railroad Co
Wall Street
New York
F. H. Davis
German Exchange Bank
Edmund F. Swanberg
Garfield National Bank
Twenty-third St
Sixtauto New York
Smogyania
W. L. Douglass
THH Ratan Ae Butchers and Drovers’ Bank
WM. H. Chase, Casaler
Fourth National Bank
City of
Charles H. Patterson
Rhode Island Suburban Railway Co
Messrs. Clark, Dodge & Co
Providence
A. Babcock
Rhode Island
Hanover National Bank
City of New York
Elmer E. Whittaker
Bank OF America
United Traction and Electric Company
Jersey City
N. J
Sweetland
United Gas Improvement Company
N. W
Broad and
Arch Streets
Philadelphia
Lewis Lillie
Fulton National Bank
York
Paris
E. W. Bliss CO
Borough of
Brooklyn
N. Y
Lehigh Valley Railroad Company
Maryland Coal Company
Broadway
Board of
THE
People’s Bank
William Milne
Knickerbocker Trust Company
Harris A. Dunn
Sec’y
Merchants Exchange National
State of South Carolina
James L. Ashley
Atchison ,Topeka and Santa FE Railway Company
Board of Directors
C.K. Cooper
Nassau Street
New York City
La Rose Consolidated Mines declares dividend and bonus
La Rose Consolidated Mines Company announces a dividend of 3 percent for the quarter ending May 1909 and a 1 percent bonus on issued capital. Payments to shareholders of record at close of business July 1, 1909, with transfer books closed July 1 to July 21, 1909. Secretary-Treasurer D A Dunlap signs.
MENTIONED IN THIS ARTICLE
Westchester & Bronx Title & Mortgage Guaranty CO
White Plains
Francis M. Carpenter
la Rose Consolidated Mines Company
Alset
LA Rose Consolidated Mines CO
D. A. Dunlap
Plan for Reorganization of Chicago Great Western Railway
J P Morgan & Co act as Reorganization Managers guiding a plan to form a new Illinois company to take over the railway and subsidiaries. It outlines new securities including four percent gold bonds, four percent preferred stock, and common stock with voting trust by Morgan Baker Fleming for five years.
MENTIONED IN THIS ARTICLE
Illinois
Chicago Great Western Railway Company
London and
New York
Participation Rules for Plan of Reorganization for Railway Company
Stockholders must deposit certificates to participate. Debenture and Preferred A stock receive no payment. Preferred B requires $15 per share plus voting trust certificates. Common stock requires $15 per share with corresponding certificates totaling 60 percent for B and 40 percent for common. The Reorganization Managers J P Morgan & Company urge immediate participation. The deposit agreement of 1908 is terminated. certificates of deposit with Guaranty Trust Company may be redeemed or deposited under the Plan by July 3, 1909.
MENTIONED IN THIS ARTICLE
AMNI
Messrs. J. Pierpont Morgan
George F. Baker
Robert Fleming
York Sun
New York Tribune
Bankers Trust Company
New York
Guaranty Trust Company of
New York Committee
J. P. Morgan & CO
Wall Street
Bankers’ Trust Company
Chicago Great Western Railway Company
Pankers’ Trust Company
Spesomant
T Wall Street
Newark City
London Committee
Messrs. J. P. Morgan & Co
Guarde Trust Company of
Nassau Street
New York City
Messrs. J. P. Morgan & Company
Guaranty Trust Company of New York
Also Mentioned on This Page
New Central Trust
B. & M. Stock
J. L. Billard
NEW
Treasury Statement
New Pennsylvania Yard
the United Service
Army
the Navy
Buffalo & Susquehanna R. R
Gulf & Ship Island R. R
Keystone Telephone Co
Phila
St. Louis,Rocky Mountain & Pacific Co
Fisk & Robinson
Cedar Street
NEW York and New Jersey Telephone Company
Willoughby Street
Ford Huntington
Detroit & Mackinac Railway Co
Co. B. Colebrook
Consolidated Water Company of
Utica
Genesee Street
National Copper Bank
Utica City National Bank
FE. Hopkins
W. M. Bennet
Cashier
East River Era Bank
Z. E. Newell
J. M. Baxter
Bank OF the Manhattan Company
Manhattan Company
D. H. Pierson, Cakbhier
Chatham National Bank
W. H. Strawn
Cleveland City Cable Railway Company
N. W. Harris & Company
Pine Street
Corner William
Cleveland Railway
Horace E. Andrews
Detroit United Railway
First Consolidated
Kegn, van Cortlandt & Co
G. H. Russel
Ihrew
States Reduction and Rxdefining Company
Messrs
Baruch Brothers
Spencer PE Penrose
OSE
Nashville, Chattanooga & St. Louis Railway
Hanover
Anne J. H’ Ambrose
Reading Iron Co
the Treasury Balances
Reserve Fund
Cdevidends
Seaboard National Bank
Beaver Street
New Albion
NEW Company
Voting Trust
William “A. Ead
George P. Butl
Frederick H. Ecker
Frederick W. Whitridge
Acosta Nichols
William A. Read
George P. Butler
F. E. Mowle
Joline, Larkin &Rathbone
Atce
Jane
John W. Castles
Myron T. Herrick
Hugo Blumenthal
J. Horace Warding
Chas. H. Tweed
Stn
Svuy
J. Horace Harding