Wall Street Topics Mixed as Market Rallies and Rumors Swirl
The article notes a mixed close after a rally, with brokers cautious and gossip about Erie, Reading, Harriman Morgan ties, Hill interests, Union Pacific and a melon cut. Savings banks show small withdrawal excesses, averaging 3.5 percent, while bond observers warn yields lag. A broker’s bullish stock circular is undermined by a client who sold 800 shares after following prudent profit advice.
MENTIONED IN THIS ARTICLE
Erie
Reading
Harriman-Morgan
Hill
Union Pacific
Morse Plans Return to Banking With New North America Venture
C W Morse seeks a fresh banking start in New York after the National Bank of North America pays 25 percent to depositors and 6 percent interest on proceeds. The Oct. 21 stockholders meeting may decide winding up or handing affairs to the Assets Realization Company. Morse and Col R M Thompson consider reopening in the Exchange Place building, subject to federal approval, with assets including the bank building equity and a stake in the Trust Company of America building.
MENTIONED IN THIS ARTICLE
C. W. Morse
New York
Murray
National Bank of North America
Assets Realization Company of Philadelphia
Morse d
Col. Thompson
Mr. Morse
Exchange Place
Trust Company of America
Wall Street
Morse
Bankruptcy petition filed against Booth & Co in Chicago
Creditors with claims under $1,000 petitioned for bankruptcy of A. Booth & Co. in U S District Court. Receiver W J Chalmers puts liabilities near 6 09 million and assets about 8 million. Charges say the firm helped appoint the receiver and increased assets by preferential transfers four months before receivership.
MENTIONED IN THIS ARTICLE
Chicago
Ill
A. Booth & Co
United States District Court
W. J. Chalmers
United States Circuit Court
Sanborn
Chalmers
W. J.chalmers
Wilcox, Peck @& Hughes
Cement Company Expanding
Albany September 18 The Knickerbocker Portland Cement Company certified to the Secretary of State that its capital stock rose from 10 600 to 10 600 000 and its principal office moved from New York City to Catskill. Directors increase to eleven standards set by certificate signed by H Bassett Milford Sonn Thomas F Stevenson J D Dalton.
MENTIONED IN THIS ARTICLE
Albany
Knickerbocker Portland Cement Company
New York City
Catskill
J. D. Dalton
St. Louis
Roessler & Whasslacher Chemical Company
Hugo du Bois
William Street
New York
Wabash Earnings Dip in Fiscal Year Report
The Wabash Railroad annual report shows gross revenues of 25,740,074 a drop of 1,692,399 from last year. Net operating revenue falls to 6,896,326 down 1,061,000 as passenger business yields small profit amid losses on some services. Delatio notes June uptick and regulatory classification changes hinder year-to-year comparisons. Two cent fare policy reduces revenue despite 10 percent more passengers.
MENTIONED IN THIS ARTICLE
Wabash Railroad Company
Delatio
United States
Gold shipments expand as banks move currency abroad
Following a rise in exchange rates, the National Bank of Commerce announced a $500,000 gold shipment to Argentina on London account, with expectations of further moves. The Royal Bank of Canada sent $500,000 to Canada and the Merchants' National Bank $490,000. Interior currency shipments rose for the crop season, while overall losses from currency movements climbed, with receipts shrinking in the interior and large outflows to the West South Boston and Philadelphia.
MENTIONED IN THIS ARTICLE
National Bank of Commerce
Argentina
London
South America
Canada
Royal Bank of Canada
Merchants’ National Bank
Wall Street Journal
Boston
Philadelphia
Army assigns dental surgeons and officers to varied posts
Army orders update stationing for dental surgeons H G Voorhies to St Paul H S Hussey to the lakes J D Milliken and D E Foster to the Philippines First Lt W H Winters Cav to Kamehameha schools Honolulu Maj W H Tschappat Ordnance to New York Capt R F Gardner Coast Artillery to General Hospital Washington for treatment Lieut Col O B Mitcham Ordnance to West Point for seacoast armament inspection
MENTIONED IN THIS ARTICLE
Washington
H. G. Voorhies
St. Paul
H. S Hussey
Department of the Lakes
J. D. Milliken
D. E. Foster
Philippines
W. H. Winters
Thirteenth Cavalry
Kamehameha Schools
Honolulu
W. H. Tschappat
Ordnance
New York City
R. F. Gardner
Coast Artiery
General Hospital
O. B. Mitcham
Ordnance Department
West Point
Navy Yard Assigns Surgeons and Crew as Transfers
Surgeon J. A. Murphy is assigned to the Norfolk navy yard. Surgeon A. M. D. McCormick is sent to the naval recruiting station in Newport. Acting Naval Constructor G. A. Bissel returns home. Chief Carpenter F. J. Harte heads to the Mohican. Chief Carpenter L. Haaze proceeds to the Galveston. Lieut. L. S. Thera moves from the Naval Academy.
MENTIONED IN THIS ARTICLE
J. A. Murphy
Navy Yard
Norfolk
A. M. D. McCormick
Naval Recruiting Station
Newport
G. A. Bissel
Home
F. J. Harte
Mohican
L. Haaze
Galveston
L. S.thera
Naval Academy
Movements of Naval Vessels Listed for Hampton Roads
Movements show Idaho arriving at Hampton Roads from Norfolk and Sailed Glacier and Panther from Albany to Manila. Yankton and Relief reported at Cavite. Idaho heads to Hampton Roads from Norfolk.
MENTIONED IN THIS ARTICLE
Idaho
Hampton Roads
Yankton
Relief
Cavite
Glacier
Panther
Albany
Manila
Norfolk
European Markets Report From London Paris and Berlin
The European markets mood improved in London with discounts weak and money easy. Foreigners and Kaffirs were firmer on Paris buying and bear covering while gilt-edged securites gained activity. American securities opened weak but rose with Continental and professional buying. New York opened steady then sold and bought back, Erie stock noted. Bar silver quiet at 24d. money at 4.75 percent. Paris closes firm with 8 percent rates and London exchange at 25f 112c. Berlin Bourse firm.
MENTIONED IN THIS ARTICLE
London
Stock Exchange
Paris
New York
Erie
City Debt Limit Inquiry Proceeds Before Tracy
The long delayed debt limit hearing before Gen. Benjamin F. Tracy was briefly continued in a suit by Jefferson Levy to stop subway contracts until the debt limit is determined. Louis H. Hahlo said the case would be hurried. Only witness James J. Sullivan, stock and bond division chief clerk, testified on city accounts and funding practices. The hearing adjourned to Sept. 29 at 1 30.
MENTIONED IN THIS ARTICLE
Benjamin F. Tracy
Jefferson Levy
Louis H. Hahlo
James J. Sullivan
Finance Department
Metz Replies to Charges in Civil Service Probe
Albany reports the State Civil Service Commission reserved decision on the Civil Service Reform Association inquiry into New York City Finance Department appointments. Controller Metz denies favoritism, acknowledging many appointees are Democrats but calling claims of political bias absolute falsehoods. He argues loyal officials are needed to advance his policies.
MENTIONED IN THIS ARTICLE
Albany
State Civil Service Commission
Civil Service Reform Association
Finance Department
New York City
Metz
Civil Service
United States
Conditions of Trade Report Shows Gradual Economic Recovery
Dun's Review notes gradual improvement in business with rising confidence and resumed manufacturing. Unemployment declines slowly while water scarcity hinders some areas. Rail freight cars idle drop and earnings lag. farm product value forecasts soar to around 8.5 billion dollars as panic exchanges rise in New York.
MENTIONED IN THIS ARTICLE
Dun
Association
New York
Grain and Provisions Market News From Yesterday
Export activity for grain and provisions was light with about 15 loads, and the futures market weakened across the board. Cash wheat in New York showed No 2 fed at 1.065% to 1.09 elevator, while corn held firm except September which fell on rain forecasts for the Southwest.
MENTIONED IN THIS ARTICLE
New York
Duluth
Liverpool
Chicago
Ee Ap
Michigan Bank Closed Amid Banking Scandal
Banking Commissioner Zimmerman ordered the Farmers and Merchants' State Bank of Parma closed after a state exam found capital impairment and asset commingling with the cashier W H Burletson's private ventures. Deposits totaled 93328 with assets of 112866. bank formed in 1907 with 20000 capital. Dispatches note nearby small Parma Hanover and Pittsford banks also closed to await developments.
MENTIONED IN THIS ARTICLE
Lansing
Mich
Zimmerman
Farmers and Merchants’ State Bank of
Partha
W. H. Burletson
Hanover
Pittsford
Micn
Burletson
Bank of Parma
Hat pins with paste heads get 45 percent duty ruling
The Board of United States General Appraisers ruled hat pins with paste head components as dutiable at 45 percent under the Dingley tariff. Collector Fowler had urged 60 percent as cut-glass manufactures. General Appraiser Sharretts upheld the lower rate for hats pins with imitation set heads and imitation stones.
MENTIONED IN THIS ARTICLE
Board of
United States General Appraisers
Dingley
Fowler
Sharretts
New York Merchandise Company
Bailey, Green & Elger
New York
Perilous ride on a New Haven express two college students jailed
Two youths described as Harvard and Yale students rode hidden beneath vestibule decks on the Springfield express from Stamford to 125th Street. They wore grease stained clothes and claimed they were plumbers helpers before admitting to the ride as a lark.
MENTIONED IN THIS ARTICLE
New Haven Railroad
Springfield Express
Yale
Harvard
Stamford
125Th Street
Rowe
Taggart
East 1Outh Street
Andrew Sellon
Brookline
Mass
Patrick Donohue
Bridgeport
The Cotton Market Sags On Unsettled Trading News
Cotton futures declined with a net drop of 19 to 23 points as fears over Manchester strikes and Lancashire mills, plus rumors of storm damage, weighed on prices. Spot markets in Mobile, Savannah, Norfolk, and New Orleans showed mixed movement with overall subdued activity and sizable sales.
MENTIONED IN THIS ARTICLE
Manchester
Lancashire
Gulf
Mobile
Savannah
Norfolk
St. Lews
Galveston
New Orleans
Hogton
Lee Lower
Memphis
New York Incorporations List Highlights Numerous Firms
Albany report details wide range of newly incorporated companies in New York and nearby areas. Automatic Water Supply Company and Fancher Glove Company are among many with capitalizations from 5 000 to 12 million, listing directors and principal addresses in New York City, Brooklyn, Gloversville, and surrounding counties.
New Jersey Firms Chartered In Newark and Surrounding Areas
Continental Ozone Company of North Bergen to prepare food products by ozone methods with 70000 capital. Coast Land Company of Atlantic City to deal in real estate with 2000 capital. Joseph Fergy Company of Newark to manufacture brewers supplies with 100000 capital. National Chemical Laboratory of Camden to engage as chemists with 100000 capital. Pope-Hartford Auto Company of Newark to manufacture automobiles with 50000 capital. Union Cafe Company of Rahway to operate hotels and restaurants with 500000 capital. United Mercantile and Realty Exchange of Rahway to conduct general commission business with 59090 capital. United Woolen Mills Company of Rahway to manufacture woolens with 125000 capital. Wilson Plant Oil and Fertilizer Company of Chatham to deal in florist supplies and related goods with 10090 capital. Edwin D. Gilbert Company Inc of Camden to contracting and construction with 75000 capital. Knickerbocker Typewriter Company of Jersey City to manufacture writing machines with 1000000 capital. American Security Contract Company of Trenton to deal in stocks and investments with 100000 capital.
MENTIONED IN THIS ARTICLE
Trenton
W. Fletcher Daum
E. Joseph Fergy Company
Newark
Frank Martin
Anthony Fergy
Sianey Stein
Pope-Hartford Auto Company
Benjamin Co. Fincke
Henry E. Holt
Charles A. Dickson
Union Cafe Company
Rahway
Capital
Joseph_ Regan
George F Considine
John R. Considine
United Mercantile and Realty Exchange
Edward D. Cronin
Fred Knowlton
G. Q. Dean
United Woolen Mills Company
Edward D. Cronit
GQ. Dean
Wilson Plant Oil and Fertilizer Company
Chatham
Andrew Wilson
William G. Badgley
Schuyler M. Cady
Edwin D. Gilbert
Daniel J. Berk
T. J. Mitchell
E. A. Gabryel
Weekend Weather Outlook for Cotton and Grain States
United States Weather Bureau forecast for Saturday and Sunday covers Virginia North Carolina South Carolina Georgia Oklahoma Iowa Missouri Kansas Nebraska South Dakota Arkansas Ohio Indiana Illinois Wisconsin Minnesota North Dakota and general conditions. Expect fair skies in most regions with occasional showers in the south and cooler or warmer trends by region and day.
MENTIONED IN THIS ARTICLE
Washington
United States
Weather Bureau
Virginia
North Carolina
South Carolina
Georgia
Oklahoma
Iowa
Missouri
Kansas
Nebraska
South Dakota
Arkansas
Ohio
Indiana
Ilinois
Wisconsin
Minnesota
North Dakota
Court Calendars Special Terms Open at 10:30 A M
The Supreme Court Special Term Part II under Bischoff opens at 10 30 A M for ex parte business. The City Court Special Term with Donnelly held in Supreme Court Trial Term Part VII at County Court House Chambers Street opens at 10 A M. Motions must be returned at 10 30 A M.
MENTIONED IN THIS ARTICLE
Supreme Court
Referees Appointed New York Supreme Court
Supreme Court lists appointed referees for cases including Shaff vs Clark with Gerard presiding, Germania Life Insurance Co vs Lilliendahl before Judge Shaff, Caf frey on Ben nett with James Cafrey, and City Court Donnelly on Typewriter Co vs Moore with Louis Cohen.
MENTIONED IN THIS ARTICLE
New York
Supreme Court
Gerard
J.—Shaff
Clark
William P. Kreykenbahn
Germania Life Insurance Co
Lilliendahl
James J
Appellate Division Calendar for Third Department Session
Saratoga notes the Appellate Division Third Department calendar for Monday listing cases Nos. 48 49 45 51 56 58 54 with the court to convene at 2 P.M.
MENTIONED IN THIS ARTICLE
Appellate Division
Saratoga
The
Supreme Court, Third Department
Auctioneer presents stock and bond sale listing
Auctioneer Andrew J. McCormack advertises a regular attestation sale of stocks and bonds on Wednesday September 23 1908 by Adrian H Muller & Son. The listing includes numerous securities from New Jersey Texas Ridgefield and other entities with notes bonds and trust claims plus promissory notes and mortgages.
MENTIONED IN THIS ARTICLE
Andrew J. McCormack
Adrian H. Muller & Son
Vesey Street
New Jersey Land
Texas Land Syndicate
Country Club of
Ridgefield
Conn
Ridgefield Club
Asso
Ridgefield Press Printing Co
Ridgefield, Electric Cor RY
People’s Trust Co
B'kivn
Temple Tieth-E
Sth
Esperanza Central Sugar Co
Mexican Sugar Pefinine Co. Ltd
United States Packing. Co
Terre Haute & Peoria R.R
West Shore R. R
National Electric Lamp Co
Be & Pacific R. R
Northern Pacific Ry
Lien Ry
Land Grant
Union Pacific
Ist
R. R
L. G
Broadway
7Th Ave
N. Y
Susq
Western R. R
Keokuk
Des Moines
Ann Arbor
R. R. Co
She. Trust Co. of America
Realty Associates
American District Telegraph Co
Mount Hore Cemetery
Acker, Merrall & Condit Co
Pratt & Whitney Co
Lafayette Trust Co
kiIon
Sds
Trust Co. of America
Denver & Rio Grande
Hamilton Bank
N. c
Mercantile National Bank
International Silver Co
Lask
Western Rg
Lietizam Fe
Dreamland
van Norden Trust
Union Pacific Stockholders Meet in Salt Lake City 1908
The Union Pacific Railroad Company calls its annual stockholders meeting in Salt Lake City Utah on October 13 1908 at noon. Agenda includes electing fifteen directors approving an indenture to mortgage bonds increasing first lien issues and authorizing purchases of The South Omaha and Western Railroad Company plus routine business and board actions since the last meeting. Books close September 14 1998 at 5 PM and reopen October 14 at 8 AM.
MENTIONED IN THIS ARTICLE
Broadway
New York
Union Pacific Railroad Company
Salt Lake City
Utah
Equitable Trust Company of New York
Mercantile Trust Company
South Omaha and Western Railroad Company
Nebraska
Stockholders vote to increase capital at Mutual Alliance Trust
A special meeting of The Mutual Alliance Trust Company of New York stockholders is set for September 28 at 11:00 AM at 6 Beaver Street Manhattan. The vote will approve increasing capital from 500 000 to 700 000 dollars and transferring 200 000 from surplus to capital. Stockholders receive two shares for every five held, a 40 percent stock dividend. Polls open 9 AM to 5 PM. Transfer books close September 29. Secretary Wm F Koelsch.
MENTIONED IN THIS ARTICLE
Metropolitan Trust Company
New Yorkk Stock Exchange
New York
R. Walter Levy
Frederic WM. Scott
Walter P. Gardner
Jos. S. Dale
William St
William N. Cohen
Alfred A. Cooe
Samuel B. Adams
Savannah
Mutual Alliance Trust Company OF
Mutual Alliance Trust Company of New York
Beaver Street
Borough of
Manhattan
City of New York
SIAS
F. H.koelsch
Notice of Meeting for Republic Tr en & Breel Company
The Republic Tr en and Breel Company will hold a meeting at No 15 Exchange Place Jersey City NJ on October 1908 Transfer books closed at 4 PM September 25 and reopen at 11 AM October 24 1908 H L Rownd Secretary
MENTIONED IN THIS ARTICLE
The
Republic Tren &Breel’ Company
Exchange Place
Jersey City
N. J
Formmon
Preferred
H. L. Rownd
Sears Roebuck Stockholders Meet In New York City
Notice to Sears Roebuck and Company stockholders declares an annual meeting at 12 noon September 28 1908 at 438 Broadway New York. Transfer books for both preferred and common shares close September 18 to September 28 1908. Secretary A H Loeb Illinois Central Railroad Company.
MENTIONED IN THIS ARTICLE
Sears, Roebuck & CO
Broadway
New York City
A. H. Loeb
Dividend Declared by American Coal Products Company
The usual quarterly dividend of one and one eighth percent on the Capital Stock of the American Coal Products Company has been declared. Payable on or before October 1 to stockholders of record September 23, 1908. Stock transfer books closed September 23 and reopen September 25, 1908. Ernest J. Steer, Assistant Treasurer.
MENTIONED IN THIS ARTICLE
Detectors
LODA
Ime
Louis L. Stanton
American
Turk Sheriff
Hasiex
Strawn
Cashier
New York
Broad St
Sperry
New Peau Liberty Street
Payalle
TMS
M. C. Coggeshall
Hanover National Bank
City OF
Board of Directory Laws
Elmbeh E. Whittakel
Unithi? Gas Emprovement Company
N. W. Cor Road
Arch Streets
Philadelphia
Lewis Lillve
American Coal Products Company
Ernest J. Steer
General Chemical Company
Broad Street
James L. Mungan
Also Mentioned on This Page
Savings Bank
North America
Booth & CO
Wabash
the United Service
New York Times
Army
the Navy
Exchange
Berlin
Foreign Public Securities
Saxony
Hamburg
Munich
Augsbur
Vienna
Frankfort
Consol
Sans
N.Y. N
Ch'ge
Atchison Ween
Canadian Pacific
Itrie Sa
Hitonis Central
Louis & Nash
Wy N . Central
Pennsylvania Oe
South Ss
Steel Oe
S. Steel Pf
Camp Bird
Esperanza
Beneee
Dolores
Seaee
Tomboy ‘ DiStratton’s Ind
el Oro
Michigan Bank
New York Cotton Exchange
Automatic
Dix
W. Noel
William B. Davis
John Gerdes
Fancher Glove Company
L. N. de Viney
Drexel Building
Nicholas Kancher
Walton Avenue
East 1Yth Street
112Th Street
D. Walton
Birmingham
Seventh Avenue
Gloversville Sanitary Milk Company
Gloversville
Fulton County
Charles W. Stewart
Loren E. Winne
Thomas C. West
N.Y
Charles Lb. Morris & Co
Commission Business
Charles B. Morris
Arthur E. Morris
Alice B. Morris
West 121St Street
John Hoyt Sons, Incorporated
Beer, &c
Amsterdam Avenue
East 139Th Street
J. N. Locks
West Fifty-seventh Street
Colon Brewing Company
William E. Weigle
Wilbur S. Perry
Colon
Republic of Panama
Union Street
Brooklyn
W. H. Hinners
Maryland Street
Edward A. Plalt
Perry Street
Buffalo
J. Hicks Crippen
West Avenue
William D. Stower
Chestnut Street
John D. Ripson
Aronson
Rochester
E. H. & A.C. Friedrichs Co
Wilhelmina F. Halbach
Ernest H. Friedrichs
West 145Th Street
Thomas Furer
Eighty-eighth Street
Louis Blaich
Frank Thorn
Lefferts Avenue
George W. Martin
West Fifteenth Street
Robert Morison
Melrose Publishing Company
Thomas H. Parron
Fmry Harding
Park Row
Thomas Gilleran
East Ninety-third Street
Glue Substitutes Company
William H. Orr
East Tremont Avenue
New_York
John L. Feeny
Stauiton
S. I
H. F. Rhatigan
Prospect Place
Eddy Glickman
Snedeker Avenue
David H. Solotarof
Thatford Avenue
Joseph Alpert
New York Avenue
William F. Wises
Coleman Schwartz
147Th Street
Frank P. Woglom
McDonoud Street
B. Kaplan Plumbing Company
Benjamin Kaplan
Annie Kaplan
East
Alexander Kaplan
195D
Harper’ Amusement Company
Incorporated
New Jersey
the Farmers’ Loan and Trust Company
Fifth Avenue
New To
Bishopsyste St
Within
Boulevard
Central of Georgia Railway Company
Union Pacific Railrad Company
Alex. Millar
Liberty Machine Company
Burling Slip
Borough of Manhattan
Fleven A. M
Eugene A. Demonet
Treas
Ilinois Central Railroad Company
A. G. Pfacestaff
Ameeriwan Locomotive Company
Church St
Ose
At & Plm
T. Callaway
Chath AM “Sar
Kanaas City
NEW York Central & Hurson River Railroad Company
Edward L. Rossiter
Irbertram Cruger
Aeolian, Weber Piano and Pianola Co
WM. E. Wheelock
Citizens Central National Bank OF New York
Rec
Albion K. CH
State OF New York
CouNty of New York
Frost & Ginsburg
Walker Street
Harris F Tg
Solaimon Fu Ginburg
Popartners
Frost
Solomon L. Ginsburg
Deeds
I. Sherry
R. Gowin Archibald Co
East 125Th
Edwin Archibald
Atlanta
Barrancas
Dade
Pe Seto
Fla
Fort Caswell
N.C
UC. S
Gamr. Jones
Sundey
Bryant
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