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This newspaper page contains 25 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Mar 03, 1908

Page

10

Pennsylvania Railroad Reports record 1907 earnings despite costs

The 1907 annual report shows the Pennsylvania Railroad earned 164.8 million dollars in gross receipts, with expenses rising faster and net income down to 33.6 million. The document notes impact from new laws, New York tunnel costs, and partial repeal of the two cent fare, while projecting completion of the tunnel line in 1910 and noting 425 million tons of freight and 158 million passengers carried.

Pennsylvania Railroad Pennsylvania New York Tunnel Pblic Imet Pittsburg

Tobacco Trust Upheld By New Jersey Court

The Court of Errors and Appeals in Trenton affirmed the Chancery Court ruling refusing to set aside the merger forming the Tobacco Trust. Richard T. Dana of New York, a longtime challenger, was deemed barred by delay from obtaining equitable relief.

Trenton N. J Court of Errors and Appeals Court of Chancery American Tobacco Company Continental Tobacco Company Commercial Tobacco Company Tobacco Trust Richard T. Dana New York Court of Errors Dana

Cotton Market Shows Strength in Near Positions

The cotton market closed steady to firm with a net advance of 11 24 points as May led gains. Trading opened higher, eased later, then firmed. exports exceeded port receipts and interior movement remained light. Local spot prices stood at 11.66 for mid upland and 11.90 for middling Gulf with 125 bales traded. Southern markets were mixed with modest changes across Mobile Savannah Norfolk Baltimore New Orleans and Galveston listings.

Ieee Outio Gulf Mobile Savannah LLC Norfolk Baltimore New Orleans Li Ge Galveston Holiday Micusten

Mining Stock Quotations in San Francisco on March 2

Official closing quotations for mining stocks show Alpha Consolidated at .02, Best & Belcher at .64, Mexican Caledonia at 1.0, Ophir at .05, Potosi at 2.0, Confidence at .10, Crown Point at .23, Gould & Curry at .16, Yellow Jacket at . not clear. reports of silver bars at 69.75, Mexican dollars at 43, telegraph rates with 17% and 20% premiums.

San Francisco Alpha Sale & Norcroes Sos Best & Belcher Mexican Caledonia Jeridental Challenge Ophir Ee Snes Oo Chollar Savage Cal Sierra Nevada Cates Tan Elon Crown Point CBN Oy Ase Gould & Curry

Earnings report shows declines for Rock Island and Frisco lines

The Rock Island and Frisco Lines publish January earnings showing declines. Rock Island reports a $202,563 drop in gross earnings and a further $248,929 decline in net income. Frisco posts a $27 decrease in gross earnings and a reduced second figure described as an inne.

Rock Island and Frisco Rock Island

Business Failures Rise Sharply in February

Statistics from R G Dun Co show commercial failures in February nearly triple the prior year and total superlative liabilities. The report cites 1621 failures totaling 270,640,071 with manufacturing defaults at 18 cases and 12,015,376 dollars, while real estate and insurance suspensions reached six figures.

R. G. Dun & Co

Boston Street Railway Promoter Shaw firm placed in receivership

On March 2, by petition of a creditor and the company, James F. Shaw & Co. of Boston was placed in the hands of Arthur D. Will as receiver by Judge Lowell of the U S Circuit Court. The liabilities are $700,476 while assets described as not readily negotiable total about $580,000.

Boston James F. Shaw & Co., Incorporated Arthur D. Will Lowell United States Circuit Court

New York Companies Incorporated In Albany Today

A batch of companies was formed with headquarters across New York State. Levy Brothers Clothing in Rochester. America Numbering Machine in New York City. Empire Panel and Veneer in Buffalo. Sterling Alternating Ignition in Binghamton. Fornell Engineering in Bath. Greiz Company in New York. Imperial False in New York. and multiple others in Brooklyn Albany and Yonkers. Capital amounts range from 5 000 to 250 000 with directors listed for each firm.

New York Albany Levy Brothers Clothing Company Rochester Monroe Capital Jacob Levy Ose Levy Barney Levy St. Paul Street America Numbering Machine Company Edward Broadway Pliny Biges Broadway Jes A. ‘Ferguson West Twenty-third Vt Empire Panel and Veneer Company Buffalo Erie County James B Ice M. Wall Thomas Wokak Company Provi ‘A John Ringlaver Penwiky Charlies E. Nessie West 110Th Street Sterling Alternating Ignition Company Binghamton Broome Twentyeighth Street Mannufacturing Co Brooklyn Albert R George W. Kutscher Tompkins Avenue St. George, Sr Troi Columbus Avenue Max Seyfried Masonic Temple Ciation Penn Yan Gates County William. H. Whitfield Frank R. Knapp Venn’ Yan Registry and Securities Company West Dad Street Winlhilvers Nassau Street Willia M. Thomas Lafayette Street Alba Sqee D Company Bill Posting Sto Franklin S .Seymour Seventh Street James O. Kingsland, Jr Robert Gray St. James Pike Edmonds & Bouton, Incorporated David F. Edwards West 117Th Streets Wiliam P. White Eighty-third Street Grand Millinery Supply Company Henry Belkin Fannie Re Albert Green UCS Steriing Place State’ M Manufacturing Company Frank Martocela Mulberry Street Gustavo Surino Phen Street Rididgs Street Prooklyn.Company John G. S M. Costello Willam O. Pollard Crow Street Crown Waist Ciy Rose Street George 'S Street T Wiasing Company North Pelham Westchester County Creorse , Tiupert William K. Laverty War B. Rothkowitz Madison Aventrey Company s—Allen Py Chichester William Segar Yorkel Eighth Street Gerden Arthur M. Jordan William FF. Siexlin Fifteenth Street Kenry W. Freeman New Yor

New Jersey Firms Form on March 2 in Trenton

A batch of New Jersey incorporations was filed in Trenton on March 2 including New Jersey Relucts Company of Jersey City and The St. Company of Camden. Other filings cover The Lithogray National Valve Co Newark and Crown and Cork Co of New York, plus real estate and education ventures in Perth Amboy Newark and Elizabeth City.

Trenton N. J New Jersey Relucts Company Jersey City Capital Incorporators Leonard McCee Harr C. Monteith Gilpin St. Company Camden W. .G. St. Clair George W. Edwards John A. Macme Pany Mm Ns Mauna Tlling- Wathenews Veer Emma I. Landis Tional Valve Co . Jp Incorporater M. Quarr Company Tépany Capital Charles A. Parks Wil- Alan P. Smith Cipre Valves Newark Alfred Benjamin Alfred H. Benjamin c.Moetor Car Company I ’ Wchasee I. Harris Leonnd Paul F. Gillette Comto Crown and Cork Company G. E. Menzel Iward Schoen Alfred J. Thomas Jackson Terrace Realty Company Perth Myra L. Winner John Kugler, Jr Ernest W. Schlee Noble & Hunt Morton C. Noble Elizabeth A. Noble Barton M. Hunt

Rulings on artificial gems and duty classifications

The Board of General Appraisers rules that artificial rubies and emeralds and imitation pearls drilled through are not jewelry under the Dingley tariff. Artificial gems are taxed 10 percent and pearls 26 percent, with refunds ordered for excess duties. other decisions include bag like photo covers duty at 35 percent and non importation when decay is seized by the New York Board of Health. Protests filed by Frederics & Co and Brucato brothers of New York.

Board of United States General Customs Court Frederics & Co New York Fischer Hensel, Bruckmann & Lorbacher Somerville Board of Health of City of Custom House Brucato Brothers

Financial woes sweep several New York firms in bankruptcy filings

George Schofield and Paul Rines file petitions with liabilities of 22269 and 2002 respectively, with minimal assets. Other debtors include Schramm & Prentice former partner Harry Schramm, Adolph Himmelreich, New York Theatre Costume Co, Davis & Monoson furs, Fred L. Laudman, Kellar Lumber Co, Alfred Gottlieb haberdasher, Gottilla Gemcehi steamship agents, F P Harrison Electrical Mfg Co, Frederick K Clark, and related creditors lists and court actions noted.

George Schofield Broadway Paul Rines Union Avenue The Bronx Sie Harry Schramm Schramm & Prentice Crosby Street Neal Prentice Adolph Himmelreich Judge Holt NEW York Theatre Costume CO New York Theatre Costume Company West Twenty-seventh Street Davis & Monoson Furs East Twelfth Street Eash G. Gaudig & Blum Revillon Freres Leopold Gassner Haberdasher White Plains N. Y Order of Elks Joseph L. Reynolds I. Golland’s Sons & Co Moss Brothers Max Drummer

Receiver Appointed for Local Pie Iron Company

Cincinnati March 2 Oscar Layne was appointed receiver for the Robert Field Pie Iron Steel and Coke Company of Cincinnati in a suit brought by Robert Field president. Liabilities estimated at 75000 dollars in view of contemplated litigation and financial stringency.

Cincinnati Oscar Layne Robert Field Pie Iron, Steel, and Coke Company Robert Field

Discharges Granted to Listed Bankrupts by Judge Holt

In United States District Court Judge Holt granted discharges yesterday to bankrupts including Falk & Fla of 1471 Washington and 84,703, Ernea of 53 West 63rd Street with 20,652 in liabilities, Marcus Klapholz at 1st Avenue with 10,686, Jacob Kornblun cloaks of 87 West 19th Street with 4,648, Bernhard Mendel at 1 Fifth Avenue with 15,503, Isaac W. Sproder jeweler of 63 Nassau Street with 19,083, Dora Sterne of 77 West 85th Street with 2,201, and Leon Troskin of 94 Canal Street with 9,400 in liabilities.

Holt United States District Court Falk & Fla Washington ERNEA West S&xty-Third Street Marcus Klapholz First Avenue Jacob Kornblun Cloaxs West Nineteenth Street

Judgments Filed Against Numerous Debtors

The list Names debtors led by Aldrich William H Howell and many others with amounts owed ranging from 10 to 1,816 dollars plus costs. Real estate and business firms such as Realty Records Co Trow Directory Printing and Bookbinding Co Hapgoods and Weinstock are named among payees and associated costs.

Aldrich Wm. H Howell Armorer Same Acritelli P. P M. H. Scharf Bissener J.—Realty Records Co Brownstein J. Singer Bianchi M. N. Clement Bove G.—Same Bernikow A. Weinstock Joe Rotsch N. Y Brown C. A J. Stewart Riss Carpenter G. H H. C. Rogers Concannon J. J W. S. Howell T. B. Bowne & Son Co Campbell F. W Hapgoods Chance G. A H.A. Aterman David Emden Abraham Josephson Ellis H. J I. Rosenburger Bardenson Morris Klein Fleisch Hannah C. Kaufman Fairhee J. J.J. Simmons Co Forbert C. M G. H. Gudebron Fay People Fleming J. S. Ross Gracie Hans Kauer Louisa” E Elizabeth Tompkins Greenfield P. E. Hunter Gallather Ludwig Merklein Gale, Co. B W. V. Wightman Hopton H. W.—Realty Records Co Huneke G.—M. Fleishman Kapp J. H. Bunnell &Co Katz A. Finkelbrand Et al Krinsky J.—H. Goldstein Thayer A. Litz Ted Millis L.—H. S. Hooker Vogel Max B. K. Bloch van Alst W. H.—Realty Records Co van Court R. H Trow Directory Printing and Book Binding Co E. E L. Bleber Wells L. H J. Moretti Wesoky Annie Wolf J. Finberg Weiss Neudlinger Brothers Wachter L. L.—Barrett Mfg Co Monarch Fire Appliance Corporation of New York Henry C. Rogers Et al L. J. Bargensk! Co Louis Meyer American Loktile Co Cambridge Tile Mfg Co Hal Realty and Construction Co City of Ella Thacker The York City Railway Co Ida M. Winkler Jacob Rosenberg City of New

Numerous Monahan heirs listed in probate schedule

A long probate list items many Monahan heirs and legatees with varied sums from 10 to 8 16 dollars, plus other named parties and costs. The document records shares for Catherine J. Leonard executrix Ellen T. Monahan and numerous siblings and relatives with dollar amounts attached.

Asset and liability figures for Harrisburg and rail holdings list

A compiled statement shows assets including road and real estate values totaling 201,061,204.43 with securities and leasehold interests across Harrisburg, Portsmouth, Mt. Joy and Lancaster valued at 1,882,500.00. Current liabilities appear as payrolls, balances due from controlled companies, funds, and miscellaneous items totaling 20,702,079.08 with total liabilities and capital reaching 1,072,005,979.00.

Harrisburg Portsmouth Mt. Joy and Lancaster Norfolk and Western and Chesapeake and Ohio C. C New York Tunnel NCAB Eeeessese Magtal

Funded Debt and Securities of Other Corporations

The report shows funded debt totaling 2,?74,645.13 and related absorbptions from the Philadelphia and Tria Railroad, plus 10,430,955.21 revenue from securities of other corporations. Car Trust issues issued during 1907 added 11,900,000.00 in certificates, enabling large additions of steel cars for multiple rail lines and a total Car Trust fleet of 105,142 cars. Freight moved east of Pittsburgh and Erie reached 224,227,074 tons, up 30.08 percent, while passengers grew 8.45 percent to 67,356,833.

Avot Philadelphia and Tria Bald Hayle Valley Hmnes Car Trust Water Trust Pennsylvania General Freight Equipment Pennsylvania Railroad Company Pennsylvania Company Cleveland, Akron and Columbus Railway Company Pittsburgh and Erie

Thomson and NYC Railway Co. Civil Case Sums

The document lists several monetary figures tied to entities including J. L. Thomson, New York City Telephone Co, York City Railway Co, T. K. Wheeler, Savoy Realty Co, E. Arnsten and others, with amounts 175 dollars and 119 dollars and 525 pounds respectively.

Debtor and creditor names with judgments filed

A list of judgment entries shows pairs of debtor and creditor names with filing dates and amounts. Entries include Brown William J and Peerless Motor Car Co of N Y on Feb 25 1898 for 55 dollars, Felice D Colucet and Granier on Aug 25 1905 for 369 dollars, and multiple similar pairs with dates ranging 1890s to 1908 and sums noted.

Brown, Wm. J Peerless Motor Car Co Granier Felice D. Colucet Goldberg A. Morgenstern G. Spiel Hodges A. A Fuldner & Son Mersereau Ardil R Pauline D Acmr J. E. Bennett C. Schenck Liev. . Stein H. B A. Larsen

Knickerbocker Trust Receivers File Asset Schedules

Ernst Thalmann Henry C Ide and George L Rives filed with Supreme Court Justice Clark a complete asset schedule for the Knickerbocker Trust Co. they were appointed temporary receivers of on October 30. The schedules show assets of a book value.

Ernst Thalmann Henry C. Ide George L. Rives Supreme Court Clark Knickerbocker Trust Co

Receivers Cut Book Value of Company Assets by 13 Percent

Receivers appraisers Marvyn Scudder and Charles N. Talbot reduced the company's assets from 56 472 591 to 49 106 343, about 13 1/2 percent on average. Loans secured by collateral bore the largest hit, down 4 925 008 from 140 000 000, a 12 1 percent drop, with real estate at 20.5 percent, stock and pond investments 22.93 percent, and bond and mortgages 4 3 percent. Cash from the State Superintendent of Banks when assets were turned in on November 1 is noted.

Marvyn Scudder Charles N. Talbot Collatern State Superintendent of Banks

Six Million Dollar Antitrust Suit Delayed in Circuit Court

A jury had been secured in the U S Circuit Court to hear the case of the American Banana Company against the United Fruit Company for damages of 6 million dollars under the Sherman Act. Judge Lolt postponed testimony for a week to resolve the court's jurisdiction questions.

United States American Banana Company Uited Fruit Company Lolt

Railroad Progress and Finances Show Major Tunnel Extension

The report details 1907 expenditures and credits for the four track Main Line and the Tunnel Extension project, including heavy capital outlays on Conemaugh Division upgrades and Bergen Hill tunnels. It notes a large surplus after dividends, mergers of lines, acquisitions of minority interests, and plans to complete the New York Tunnel Extension by 1910 while outlining stock issuances and leadership changes.

Prieipal Fe Wu You Pittsburgh Jersey City Conemaugh River Pennnsylvania New York Western New York and Pennsylvania Railway Harrison Newark New Jersey Bergen Bergen Hill Hudson River Terminal Station Tenth Avenue Tenth Ninth Avenue Seventh Ninth Avenues New York City First Avenue East River Fifth Sixth Avenues Long Island City East Avenue Borough of Queens Sunnyside Yard Thomson Avenue Sunnyside Long Taland Railroad Therennes New Haven and Hartford Railroad New England

Capital Stock and Funded Debt Lines West of Pittsburgh

The Pittsburgh Cincinnati Chicago and St Louis Railway plans ten million 48 series G bonds dated November 1 1907 to run fifty years at up to four percent interest. Eight million dollars were sold to the Pennsylvania Company for construction and other corporate uses. East and west lines grossed 326,785,625.96 in 1907 with net earnings 83,6145.24 and a freight tonnage of 435,064,136 plus 153,037,046 passengers carried, up from 1906.

Pennsylvania Company Pittsburgh, Cincinnati, Chicago and St. Louis Railway Company Chicago Allegheny City Pittsburgh Cincinnati Chicago and St. Louis Northwestern Southwestern

Railroad Finances Report High Freight Growth but Lower Earnings

The company issued $60,000,000 three year five percent collateral notes through Fidelity Trust Company as Trustees on March 15 1907 to meet capital needs. Freight tonnage and revenue rose sharply in 1906 but earnings per ton mile fell due to higher costs and inflation. Passenger traffic grew modestly while passenger revenue rose only modestly. Costs per passenger mile and per train mile rose, cutting net earnings per passenger train mile by about one third. Average system rates stayed under two cents per mile. Taxes on property and lines totaled $3,970,164.21.

New York Deemer Madue Marge Souhouiek United States Eighth Avenue Thirty- First Thirty-third Pennsylvania, New York and Long Island Stat Pennsylvania Tunnel and Terminal Railroad Company Philadelphia Baltimore Washington West Jersey and Seashore Lone Island Brousch Pennsylvania Supreme Court of Philadelphia and Erie Railrooad Bald Eagle Valley Railroad Tyrone Lock Haven Erie Jonetton Railroad Philadelphia, Baltimore Philadelphia and Reading Railway South- West Connellsville Baid F& Valley Raiirsakh Jonctson Catstat Fidelity Trust Company

Also Mentioned on This Page

Court of Appeals Lower Court Rock Island & Frisco J. F. Shaw & CO St Broadway Otto Angermann Bedford Avenue Black & Tpury Pireetars A. Duane Doty Paul Blake Warren Street Carl Park Row Richards-Bede Company McCall & Jackson Bufffalo Nine Weaver Hardware Company Attorness John van Voorhis & Sons Rtochester Newton j.Ind .Association W. Simpson West J West J. B. Hackett C000, Attorne Street, New Ye Sew York I. Man Wall E. A. de Lamont J. B.gross W. YL Incorporated F. P. Harrison Electrical Manufacturing Company South Street W. H. Harrison Agnes M. Harrison Elizabeth C. Harrison Joaney McGraw Publishing Company Frederick K. Clark Frederick K., Clark Cragsmoor Ulster County Creditorgare Walter S. Hildreth West 57Th Street George H. Tyrrell Jane Stedner Crazsmoor Isabel S. Clark Florence V. ©. Budd Petitioner Levinsky Sarah M. Kaufman Lanati V.A. Prince Miller Martin R.-R. H. Cochrane Meryash C. L. Doran M Hride R. C A. Ginssourger Mathews Mackay W. H Ex. Nat. Bank Matzka F. Dertel Meli Rosalie O. J. Stephens Miles G. R. Sutherland McLain F. C Emma L. Cranston McCormick J.—People Nosito Maria A. Colanmont Pennelli T. B. Brown & Son Ca Presuitty Pelcher F. A C. W. Copp Rohde Theresa M Hunton Realty Co Russ Sarah—B Broad Street Station Board of Directors Ana Northern Central Railway C.cece Balanod Mt. Joy Lancaster R. R. Co C. Co Artur Knickerbocker Conemauch Pitcairn Hollidaysburg Philadelphia and Erie Railroad Allegheny Valley Cumberland Valley Bald Eagle Valley Alexander M. Fox Terests Percival Roberts, Jr Hugh B. Ely Insurance Department R. H. Newbern Board James McCrea Lewis Neilson Capital Stock
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