Interborough finances approved in mortgage despite investor concerns
Public Service Commission issues memorandum approving a 55 million dollar Interborough Rapid Transit mortgage, marking a victory for the company after disputes over tying the loan to ongoing traction inquiry. The report analyzes subway equipment costs, contractor expenses, and projected earnings while confirming stock investments and construction obligations.
MENTIONED IN THIS ARTICLE
Public Service Commission
Interborough Rapid Transit Company
Interborough
Interborough Company
Commission
Marvyn Scudder
Traction
National Civic Federation
August Belmont
Scudder
McLimont
Ian
Odu
Atlantic Avenue
Brooklyn
Subway Realty Company
Belmont Hotel
Secans
CH Venner
Coffee Market Ends Steady After Decline Amid Mixed Receipts
Coffee futures closed down 5 to 15 points as the market opened with a small decline. Trade reported 28,250 bags sold while Brazilian, January, and Sao Paulo receipts varied from day to day, and spot corses in Rio and Santos showed minor moves.
MENTIONED IN THIS ARTICLE
Hamburg
Sao Paulo
Rio
Santos
Scsevee
Nage Aps
Tanuary -E
Pebrarvy cc Iecas
Nota
BISCO
Beaver Superior and others trade in stock department
The Produce Exchange stock list shows Beaver Superior at 70, Tramps Consol at 20, and Branch Mint at 6 cents with prices for open high low and last all matching. Total 6,800 shares reported with Buyer 90 daya.
MENTIONED IN THIS ARTICLE
Stock Department of the Produce Exchange
Beaver Superior
Tramps Consol
Foreign Market Report Shows Firmer Rates and Mixed Trading
London notes firm money demand with calls near four million while discounts stay quiet. US stock market activity dulls with some overseas gains as New York support helps in the afternoon. American securities show irregularities after a recent surge. Paris and Berlin bourses reflect a heavy tone and lower prices amid cautious trading. Baltimore and Ohio rise while Pennsylvania declines.
MENTIONED IN THIS ARTICLE
London
Hschay
Aris
Ps Wity
Ilinois Central
Missouri Pacific
New York
Stockel Exchange
Atchison
Paul
Erie
Vache Rae Bo
Illinoi Centy Mf al
Suds Nash
Pennstvania
Southern P
Union
Foreign Public Securities Quotation Snapshot
Yesterday's quotations list European state and municipal bonds with figures for Germany and British securities. Notable entries include City of Munich, City of Augsburg, City of Frankfurt, Mexican and Russian governments, and British consols, with varying prices and yields.
MENTIONED IN THIS ARTICLE
Culakne
Munch
Augsburg
Frankfort-on-Main
Dreneh- Rente
Paris Bank of France Statements Show Mixed Changes
The Bank of France weekly report lists notes in circulation up 1,825,000f, Treasury deposits down 1,100,000f, general deposits up 48,325,000f, gold on hand up 26,525,000f, silver on hand up 1,075,001f, bills discounted up 258,200,000f, and advances down 900,000f.
MENTIONED IN THIS ARTICLE
Paris
Bank of France
Treasury
Paper Industry Attack Reveals Rate Pressures on Papers
Testimony before a congressional committee shows Gen Angus claiming the International Paper Co would lower rates if Stevens bill passes. He says current print paper costs rise from 1.50 to 2.56 per hundred, threatening smaller papers. Witnesses discuss who bears the burden and references to 1907 clippings and 26 Broadway.
MENTIONED IN THIS ARTICLE
Bae
Res
Washington
Sepeet Ecominiitae
Paper Industries
Gen
Mel
Biltimoere
Day
Sche. Comimitiee
Thiai'tie
Tee Scevens Oil
Anu Thailainve
Tie
Mr. Mann
Gen. Angus
Mann
Whosies
Paper Trust
Ti Bing
Stevens
Gen. Agnus
Wheeler
John Norris
Ishe New York Times
Herman Ridder
Mr. Norris
Norris
Ridder
Congress
Schwab Tired of Mines After Nevada Venture Flop
Charles M. Schwab admitted he was tired of mining ventures as the Montgomery Shoshone Consolidated Mining Company faced a share drop to 76 cents. He blamed ore deterioration at depth, noting early hopes and surface ore from three adjoining properties once promised a bonanza. Schwab said he was the heaviest loser, having invested heavily and loaned $500,000 to fund a mill.
MENTIONED IN THIS ARTICLE
Montgomery- Shoshone
Charles M. Schwab
Montgomery-Shoshone Consolidated Mining Company
Mr. Schwab
Consolidated Company
Nevada
Schwab
Railways Report Mixed March Results Across Major Lines
March statements from Union Pacific Southern Pacific and Pennsylvania show continued gross losses with smaller net declines. Union Pacific gross fell 854786 and net down 205107 while Southern Pacific gross dropped 808595 with a net gain of 125882. Pennsylvania gross fell 2169800 and net loss 544500. western lines shed 1360200 gross and 95300 net. Pennsylvania directors meet in Philadelphia to decide the dividend with speculation of a rate cut from 7 to 6 percent.
MENTIONED IN THIS ARTICLE
Union Pacific
Southern Pacific
Pennsylvania
Pennsylvania Railroad
Pennsylvania Hnes
Pittsburg
The
Philadelphia
PG&E Bond Exchange Blocked by Court Injunction
Pacific Gas and Electric plans a swap from 4.5 million dollars of 6 percent serial debentures to 30 year mortgage bonds but a Supreme Court injunction granted by Justice Dowling delays the move. N. W. Halsey & Co. notes the plan had approval from 1 percent of debenture holders and expects to defeat the injunction at the May 7 hearing.
MENTIONED IN THIS ARTICLE
Pacific Gas and Electric Company
California Gas and Electric Corporation
San Francisco Gas and Electric Company
Justice Dowling
Supreme Court
N. W. Halsey & Co
Changes in New York Stock Exchange Copartnerships
A wave of reorganizations announced around May day includes Britton Marden & Co. forming at 111 Broadway with Britton and Marden. Drake Mastin & Co. replaced by Jd Malward Mastin & Co. due to Herbert Drake’s ill health. Waterman Anthony & Co. dissolves. Waterman & Co. to operate at 67 Exchange Place and 5 West Fifty-eighth Street with Waterman, Morgan Waterman, Albert AleClave, Gord A. Clemons, George H. Miles. Henry Murphy & Brothers at 33 Wall Street join with others. E J Drummond retires from J M Martin & Co. Alfred Nicolo Yiis admitted to partnership. Elbert W. King joins Wassermann Brothers. Tefft & Co. becomes Tefft, Wallace & Co. with Walter T. Wallace. William C. Langley becomes general partner at Grannis & Lawrence. Craig Colgate becomes general partner at James B. Colgate & Co. 86 Wall Street.
MENTIONED IN THIS ARTICLE
Stock Exchange
Charles PL Britton
The
Francis Skiddy Marden
Dominick
Herbert H. Drakeneckes
FE. D. Morgan Waterman
Albert AleClave
Gord A. Clemons
George H. Miles
Shoemaker, Bates & Co
Eb Henry Murphy &Brothers
Wall Street
J. M. Martin & Co
Broadway
E. J. Drummond
Alfred Nicoloyiius
Elbert W. King
Wassermann Brothers
FE. T. Tefft & Co
Nassau Street
Tefft, Wallace & C
Walter T. Walaece
Knox, Wallice & Co
Grannis & Lawrence
Wall Streeet
William C
Morawetz to retire from Atchison management
Victor Morawetz longtime Atchison official says he will retire from active management to rest and pursue other work. He will remain chairman of the Executive Committee with resignation from the Directorate depending on his ability to shed related duties without leaving the board.
MENTIONED IN THIS ARTICLE
Victor Morawetz
Atchison
Westinghouse stock slides on readjustment call
Westinghouse Electric and Manufacturing sees its stock fall from 55 14 to 46 in early trading after a circular from President Westinghouse urging stockholders to subscribe to 6 million dollars of new stock. After 7 000 shares changed hands the price recovered to 47 34 as officers deny plan failure rumors and note under 600 of 4 000 stockholders have subscribed with a May 15 deadline.
MENTIONED IN THIS ARTICLE
Westinghouse Electric and Manufacturing Company
Westinghouse
Allotment Details For IRT Notes And PRR Bonds
The Interborough Rapid Transit note allotment completed yesterday with small subscribers receiving full amounts and large holders getting 50 percent. For the twenty million dollar Pennsylvania issue no allotments will go to some large subscribers to prevent exhausting the issue. Allotments will favor round-amount subscriptions and will be shared between the United States and Europe.
MENTIONED IN THIS ARTICLE
Interborough Rapid Transit
Pennsylvania Railroad
Interborough
Pennsylvania
Europe
Lennox Adjudged Partner in Lynn Morocco Firm
Patrick Lennox of Lynn was found by a referee to be a member of the P. Lennox Company morocco manufacturers, which assigned on Sept 5, 1907 with liabilities of 1 550 000 and nominal assets. He claimed he had retired, but the referee ruled he never fully severed ties and remained liable with his son James Lennox for the firm’s debts.
MENTIONED IN THIS ARTICLE
Boston
Patrick Lennox
Lynn
P. Lennox Company
Morocco
Lennox
James
New York City Bonds Closing Quotations
Closing quotations of New York City bonds yesterday compare with those of Wednesday. Market activity remains steady as traders assess municipal credit conditions and rate movements in the short and intermediate sectors.
MENTIONED IN THIS ARTICLE
New York City
New Jersey Firms Chartered In Trenton May Include Builders and Paint Makers
Several companies were chartered in Trenton on April 30 led by Seaboard Engineering and Construction in Asbury Park to serve electrical engineering with 125000 capital. North Jersey Paint Company in West Orange plans paint production with 125000 capital. John Taylor Fish Company of Holly Beach begins trading fish and seafood with 2000 capital. Coatesville Laundry Company at Camden with 50000 capital will run steam laundries. Champion Lumber Company in Den with 125000 capital will deal in lumber.
MENTIONED IN THIS ARTICLE
Trenton
N. J
Seaboard Engineering and Construction Company
Asbury Park
Capital
Waldo U
Kurtz
Angela
J. Flynn
F. T. Haverstick
North Jersey Paint Company
West Orange
John E. Helm
Hugo Boopple, Jr
John G. Vanblarcon
John Taylor Fish Company
Holly Beach
John B. Morton
Frank F. Downs
John Taylor
Coatesville
Amden
E. Lée
W. Ke Staser
Fred Balcom
Trust Co Elects Board At Adjourned Meeting
United States Mortgage and Trust Company reduces directors from thirty to twenty one to fit its plan. George G Hintven Jr and William B Leeds resignations shrink the board. George M Cumming’s vacancy filled by L C Krauthoff. Arthur Turnbull named Acting President pending permanent choice.
MENTIONED IN THIS ARTICLE
United States Mortgage and Trust Company
Timms
George G. Hintven, Jr
William B. Leeds
George M. Cumming
L. C. Krauthoff
Mr. Cumming
Arthur Turnbull
Turnbull
The
Stock Exchange
Post& Flagg
Cheney named Third Deputy Superintendent of Banks
QO H Cheney a senior partner of Cheney Schenck Stockell law firm 256 Broadway was appointed to the post by State Superintendent Clark Williams. He will head the New York office of the Banking Department and brings ten years in a National bank plus banking education and governance roles with the American Institute of Banking.
MENTIONED IN THIS ARTICLE
QO. H. Cheney
Cheney, Schenck & Stockell
Broadway
Clark Williams
Cheney
New York
State Banking Department
American Institute of Banking
Dividends Dues At Farmers Loan May 1908 List Of Bonds
The Farmers Loan and Trust Company announces coupons and dividends due in May payable at the office after May 1 1908. The list includes Braddock Gas Light Cedar Rapids Water Cleveland and Marietta Cincinnati Lebanon Northern Evansville Electric and others with bonds and mortgages across utilities railways and transit companies. May 15 1908. The Farmers Loan and Trust Company Twin City Rapid Transit Common Stock The Pullman Company.
MENTIONED IN THIS ARTICLE
Braddock Gas & Light Company
Cedar Rapids Water Company
Cleveland and Marietta Railway Company
Cincinnati, Lebanon & Northern Railway Company
Evansville Electric Hallway Co
Evansville Terre Haute & Chicago R. R. Co
Elizabethtown Water Company
Housatonic Railroad Company
Huntington Water Company
Larchmont Yacht Chile
Meridian Water Works Company
Minneapolis Street Railway Company
Middletown Gas & Electric Light Company
F Mobile & Ohio Railroad Company
Nansemond Water Company
Northwestern Coal Railway Company
North Platte Water Company
Omaha Gas Manufacturing Company
Omaha Street Railway Company
Ogden Gas Company
Pennsylvania Railroad Company
Consolidated Mortgage
Pennsylvaniaailroad Company
1St Mortgage
Pittsburgh
Cincinnati
Chicago & St. Louis Ry. Co
Youngstown & Ashtabula R. R. Co
Historic 1908 Bond Dividends and Coupons Notice
Multiple corporate bonds and notes from American Cotton Oil Co to Province of Quebec announce coupons and dividends payable from May 1908. Listings include Greenfield Ind School 6s Nagara Falls Power Co Canadian Debentures and various railway and utility bonds with payment dates and record holders.
MENTIONED IN THIS ARTICLE
American Cotton Oil Co
Cleveland & Pittsburg Rd
Mt Igo
City
Ind
Water Works & Street Mp
Greenfield
Massilon & Cleveland Rd Co
Marion
Indiana
Niagara Falls Power Co
Ft. Wayne
Chicago
Ryfo
Pittsburg
Chieses Ry
Portamouth
Ohio
Portsmouth
Rushville
Starke County
Ena Court House
Dearborn
Posey County
Owen County
Marion County
Foreclosure Sale Schedules Bronx Property in New York
Supreme Court New York County auction set for May 30 1908 at 12 noon at Vesey Street sales room to sell Lot No 8 on Suburban Land Improvement Company map now Crotona Park East. Property in Bronx bounds Penfold Avenue Suburban Place 108 Suburban Place near Crotona Park, with principal 92.84 plus costs 209.67 and liens taxes assessments water rates. Referee Joseph P Day conducts sale. John F Frees attorney for plaintiff.
MENTIONED IN THIS ARTICLE
Supreme Court
County OF New York
Mary F. Sidma
Five Boroughs
Vesey Street
Tun
City of New May
Samuel Marx
York
Transeis
Isupe
Fuithes
Emerson Street
Emerson
Lesa
Milyea Avenue
Th. Lees
New York
Ixa Fletcher
Tomners
Phils
Emerson St
Isaac Phillips
Supreme Court County OF
Moroe E Company
TY Realty and Mortgage Company
Exchange
Borough of
Manhattan
City of New York
Joseph P. Day
1801 Street
Wadsworth Avenue
180Th Street
Waddred
New Fark
Arthur J. McClure
New Coe
Arth J. McClure
OR J. McClur
JACOB_ FREES
Helen R. Miller
Joseph P
Bronx
Suburban Land Improvement Company
Ephraim B. Levy
New York Register
Penfold Avenue
Crotona Park East
Ated New Oesols
NC. KP
John F. Frees
Third Avenue Borough
The
Agril
Fourteenth Street Bank Dividend and Bond Coupon Notices
The Board of Directors declares a quarterly dividend of 21y% free of tax payable May 1 to stockholders of record April 30. Coupons for United States Leather Company bonds due May 1 1908 paid at National Park Bank from May 1908. Central Foundry Company 6% gold debentures coupons due May 1 1908 payable at 7 Wall Street.
MENTIONED IN THIS ARTICLE
Nassau Bank
New York
Edward Earl
Norfolk & Southern Railway
Manhattan Trust Company
Wall Street
Nassau
J. Frank Case
Broadway
Edward Burns
Fourteenth Street Bank
Pril
Reco
LOUIS
United States Leather Company
Natonal
Parkank
James R
Multiple Railway Companies Announce 1908 Stockholder Meetings
A batch of notices announces stockholder meetings for Union Pacific New York and Harlem Lake Shore and Michigan Plaza Operating Company Standard Gas Life Assurance and other lines. Dates span May 1908 with election of directors and bond authorizations. Meetings set in Salt Lake City Grand Central Depot Cleveland and New York offices.
MENTIONED IN THIS ARTICLE
Union Pacific Railroad Company
Unionacific Railroad Company
Salt Lake City
Utah
Leavenworth, Hansas and Western, Railway Company
Topeka and Northwestern Railroad Company
New York
Lex, Millar
New York and Harlem Railroad Company
Grand Central Depot
Bo . York
Dwight W. Parder
Lake Shore and
Michigannual
Cleveland
Ohio
Board of
Dwight W. Pardee
Standard Gas Light Company
City of
East 59Th St
New York City
GEO. W. Rkhurs
Also Mentioned on This Page
Utilities Board
Produce Exchange
Berlin
Baltimore & Ohio Ae
Foreign Public Securities
Alabama
Great Southern
Tyas
Orleans
Texas
Pacific
Tos Detrov
Toledo & I
RONTO
Weil
AHL ST
Toronto
Bufpalo— Mar
Elu
Aurora
Mapes Oy
Irose
Eecepeves
Ms Oye
Sesseas Ve
CHES
Peat AE & Ohio
Marth
Kanawha
Michigan
Reading
Joo
Co & Iran Co
Steve Expenses
Wotobo
OAS Boo
Rochesters Railway
Albany
Mayo
Pelea
Rocher & Eastern Rapid Railways
Rosa Sree
Nses Waads
Louviouthwestern
Yvenses
Ohio Central
Esteeas
Ross
uTk A & Mohawk
Hanrahan
Ipaper Trust
Standard Oil Company
Sims
Harriman Lines
Pacific Coast Concern
NEW Stock Exchange
Britton, Marden & Go
Morawetz
Noov
ieNov
Spoery
Incorporated
New Jersey
Arthur Turnby
Bank
Farmers’ Loan and ‘Trust Company
William Street
Winslow, Lanier & Co
Cedar Street
Portsmouth, Ohio
John Seager
Birmingham
Isidore Newman & Son
Broad St
Co. M. Cory
Stewart Sugar Company
John S. Fiske
Litchfield & Madison Railway Company
Dent, Palmer& Co
Williamee
F. M. Campbell
Province OF Quebec
Bank of Montreal
Pine St
the Trust CO. OF America
Adams County
Wash
Atlantic & Birmingham Construction Co
Atlanty,Birmingham
Atlantic R. R
Trust
Central” Electric By. Co
Kansas City
Chellis Comnty
Findlay & Ft. Wayne Ry. Co
City Water Co
Chatttanooga
Tenn
de Bardeleben Coal & Cokd Co
Dillon & Griswold Wire Co
Ferry County
Hlmburgh Pty. ‘Co
Hudson County Consumers
Brewing Co
Tis
Hudson County
Hudson River
Power Co
King County
Knickerbocker, Pulp & Papdyr. Co
Lake Fire Co
Middletown Gas Lights Co
Missouri River Power Co
Montgomery
Ala
New York & New Jersey Water Co., Con
Providence Securities Co
Syracuse
South Bay
R.R. Co
United Zinc & Chemical Col
Walla, Walla
City of, Water, & Sewer
Wala Walla
City Mnicipal & Water
Wallingford Gas Light Co
Whatcom Conant Wash
Whitman County
oWvash
Yakima County
Woa
Yates Electric Light & Power Co
King County, Wash
Kol Dist
Rogers Locomotive Works
Wonds
Clallam County
Mail & Express
Port Townsend, Wash
Mandatork
Neware
Tered
Chen Ke Brown
Tf Jal Wiliam Street
andHiuus
McClure
Clarence 1
Whitcott
Ciy
Suburtan Place
Life Assoc
New
Ailway Coq. Company
Canada
Peperacots
St. Thomas
Charles F. C. Annn General
Te A
THY American Institute
Ste OP
Dayton
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