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This newspaper page contains 27 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 30, 1909

Page

12

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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