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Newspaper
New York Times
Location
New York, New York, United States of America
Date
Mar 28, 1908
Page
6
Brill stores showcase Holeproof Half Hose and Holeproof Hosiery for women. Six pairs priced at $2 with a six month wear guarantee. if hoses develop holes, new ones are provided. Limited to Brill store locations with full ladies' assortment available.
Louis E. Julian former Met Street Railway chief investigator testifies at the Jerome King committee hearing about a jury fixing scheme linked to Ambrose McCabe and Stanley Bagg. He describes memoranda and payoffs for jurors and notes Tillinghast as a ringer in cases from 1902 to 1906.
The Lake Shore & Michigan Southern and the Chicago Indiana and Southern issued 1907 reports. Lake Shore gross earnings reached 44 953 475 with net 10 415 013 and a surplus of 460 405 after dividends. The Chicago Indiana & Southern posted gross 3 004 482 and net 1 061 353 with a surplus of 223 180.
A stockholders committee is created at their request. Members are W. V. King president of the Columbia Trust Company Evans R. Dick and E. L. Oppenheim. The Columbia Trust Company will serve as depository for the group.
The Public Service Commission won a 10 to 6 vote to authorize all six sections of the proposed Fourth Avenue Subway in Brooklyn. Mayor and Controller oppose, Coler leads, Metz refuses to certify contracts citing lack of funds, with court action seen as likely to delay the project for years.
Public Service Commission testimony shows 6:38 p m Bronx stop reduced New York Central receipts and Mount Vernon passengers. Grand Central official L Bardo notes Bronx station receipts fell from 68000 to 36000 between 1905 and 1907 while New Haven local service rose seventy percent in six years.
The Marconi Wireless Telegraph Company of America filed a balance sheet as of January 31 detailing cash of 1 757 dollars and bank, accounts receivable of 17 947 dollars, stocks of apparatus 16 854 dollars, plant and experimental cost 126 969 dollars net, patent rights and goodwill 5 491 855 dollars, deficit and organization costs 422 422 dollars, furniture and insurance 1 611 dollars, capital stock 644 800 dollars, and London company notes and payables 4 645 dollars, total liabilities 6 079 445 dollars.
Union Pacific plans a four percent bond issue to fund new construction and equipment purchases. The float ing debt will be repaid from bond proceeds. The railroad, holder of 28 million dollars of Illinois Central stock, may subscribe or sell its rights, decision not yet made.
Broad Street brokerages anticipate a rush as 709 000 Lawson Gold shares from the Guggenheim Yukon Gold Company are offered at 5 to 7 50 per share. Market chatter notes heavy interest from curb brokers and outside houses amid ties to Copper Mines and Nevada Guggenheim properties without official confirmation from the Guggenheim interests.
The French Line reports a prosperous year but maintains a 5 percent dividend due to late year travel declines. Surplus funds are redirected to eight new steamers either in service or nearing completion.
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