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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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