Erie Directors Confront Short Term Note Maturity
Erie Railroad directors met at J P Morgan & Co to discuss handling 5 5 million dollars in short term notes due Wednesday A second meeting was set for 2 pm with markets in flux Erie stock closed near steady while the 4s and convertible issues moved narrowly Prices and sources cite talks among E H Harriman and Charles Steele about Erie finances and a potential upward float for upcoming obligations including equipment and money advanced transactions.
MENTIONED IN THIS ARTICLE
Erie Railroad Company
J. P. Morgan & Co
Pee Securities
Erie
Erie Common
E. H. Harriman
Charles Steele
Morgan &O
Pees
TCS
Mr. Herriman
Banking Bills Passed After Long Senate Session
In Albany on April 2 the Senate advanced many banking reform bills from Superintendent Clark Williams. Seventeen measures passed, one was amended, and a key change required trust company branches to add 190 dollars capital per branch. Several amendments shaped how branches operate and how savings banks handle securities and loans. The Assembly approved measures transferring control in bank equity proceedings and tightening reporting obligations for loans and deposits.
MENTIONED IN THIS ARTICLE
Tribun
Albany
Senate
Clark Williams
Banking Department
Assembly
Sache
Taylor
Patiene
Gedy
Hooker
Gates
Banks Committee
Senator Peer
Senatorker
Palmer
Insurance Firm Hamilton Fire to Retire After Sale
The Hamilton Fire Insurance Company of this city will wind up its affairs after being taken over by the Delaware Insurance Company of Philadelphia. The change stems from onerous state laws and weak business, with Hamilton boasting $814 capital, $990 surplus, and $233,700 in assets. Delaware Capital is $400,000 with a $142,? surplus. officers include John S. Biren as president pro tem and Charles H. Yaernall as vice president.
MENTIONED IN THIS ARTICLE
Hamilton Fire Insurance Company
Delaware Insurance Company
Philadelphia
Hamilton Company
Hampton Fire Insurance Company
Ias
M. Dugro Buttles
James A. Slivey
Edward L. Labdon
Daniel D. Whitney
Brooklyn
Delaware Iinsurance Company
John S. Bieren
Charlies H. Yaernall
J. Varsons Smith, Jr
Steel trust may aid coal men delay ore traffic
The United States Steel Corporation may not start ore carrying from the head of the lakes until June 1, delaying the ore traffic until then. This postponement benefits coal operators in the strike, as the head of the lakes gate stays closed until ore shipments resume. A meeting of operators and miners discussed the dispute and the impact on the coal industry.
MENTIONED IN THIS ARTICLE
Tribune
Corey to Inspect Birmingham Plant with Steel Leaders
Core y to inspect Birmingham works with United States Steel executive team and iron manufacturers next week. The visit follows the Tennessee Coal, Iron and Railroad Company acquisition by United States Steel Corporation and focuses on property reviews in Birmingham Alabama.
MENTIONED IN THIS ARTICLE
Corey
Birmingham
Oc E Corey
United States Steel
Ala
Tennessee Coal, Iron and Ratireau Company
United States Steel Corporation
Delaware & Hudson Gets Authority to Acquire Additional NY & Canada Rail Stock
Albany April 2 The Public Service Commission grants Delaware and Hudson authority to acquire an additional share of New York and Canada Railroad stock not already owned. The commission will consider merging the two lines after compliance with its rules and practices.
MENTIONED IN THIS ARTICLE
Albany
Public Service Commission
Ep 24
S Delaware & Hudson Company
Ee New York & Canada Railroad
Delaware the Com Company
Delaware & Hudson
German Imperial Loan Placed At 1625 Million Plan
Berlin April 2 A large imperial loan totaling 162.5 million dollars will be offered for subscription April 11 with 100 million in Prussian consols. The issue bears 4 percent interest and is nonconvertible for ten years. Subscriptions priced at 94 or 99.30 for non transferable bonds. A Berlin and provincial bank syndicate will also take 350 million Prussian Treasury notes not offered to market. The Imperial Bank of Germany may cut its discount rate from 5 to 4 percent to aid the loan. Some U.S. bankers expect no offering in America, with scattered sales to conservative investors. appeal to European buyers seen as primary.
MENTIONED IN THIS ARTICLE
Berlin
Imperial Bank of Germany
New York
London
Provident Life Control Fight Shapes Board Split
Banking interests win three director seats in Provident Savings Life Society in a struggle with a Philadelphia syndicate. The new lineup has seven bankers against six Philadelphians with E R Thomas as balance of power and ongoing resignations and contested elections.
MENTIONED IN THIS ARTICLE
Philadelphia
Provident Savings Life Assurance Society
E. R. Thomas
William H. Taylor
Bowling Green Trust Company
E. R. Chapman
Hudson Trust Company
Victor Royall
Senator Carter Touts Postal Savings Banks Plan
Senator Carter introduced a bill to create postal savings banks under the Postmaster General. Deposits start at $1 with 16 cent increments, limits of $1,000 per depositor and $500 guarantee for interest, and 2 percent yearly interest. Funds go to national banks and are exempt from taxes or detention, with reports to Congress and a $100,000 appropriation to establish the system.
MENTIONED IN THIS ARTICLE
Washington
Carter
Committee On
Postoffices and Postroads
Postoffice
Postmaster General
Postal Savings Bank
Postal Savings Funds
United States
Congress
Chamber of Commerce backs currency commission and judge salary raises
The chamber adopted a report urging a national currency commission to probe and publicly report by January 1, 199%, opposing the Aldrich and Fowler currency bills. It also approved raising district and circuit judge salaries to 9000 and 19000 annually, and endorsed gold certificate legal tender. The body supported a fire alarm system upgrade and a revised building code, and approved a Metropolitan Sewerage Commission bill for more sewage funds.
MENTIONED IN THIS ARTICLE
Committee On Currency of the
Chamber of Commerce
National Currency Commission
Aldrich
Fowler
A. Barton Hepburn
Chamber
United States District
Circuit Court
Currency Committee
Isaac N. Seligman
Congress
Charles C. Moore
Committee On Insurance
Manhattan
Insurance Committee
Metropolitan Sewerage Commission
Mining notes report rising ore output and strong profits
Arizona Commercial Black Hawk work continues to show encouraging results with ore shipments rising from 30 to 50 tons daily. A shipment to Shannon smelter yielded 9.9 percent copper and 4 ounces of silver, netting about 1170 a ton after costs. Mines Company of America February profits reach 45401 on 110300 receipts. Boston Mexican Mines ratifies 390000 bond issue to fund Mexican property purchases. Espiritu San Antonio silver ore valued at 427000 is enough to cover all bonded debt. Sonora development resumes in March with stope work and ore removal.
MENTIONED IN THIS ARTICLE
Arizona
Black Hawk
Shannon
Boston-Mexican Mines Company
Phoenix
Ariz
Mexico
Espiritu-San Antonio
Sonora
Banks oppose Aldrich currency bill in Chicago meeting
Chicago representatives of national and clearing house banks unanimously condemn the Aldrich currency bill. They warn it transfers nearly 200 million from liquid reserves to a forbidden idle fund, hampers loan capacity, and could worsen competition with state banks. They urge delaying any permanent changes and proposing a commission inquiry.
MENTIONED IN THIS ARTICLE
Chicago
National Banks of
Chicago Clearing House
Senate considers seven member currency commission with $3800 pay
Washington April 2 a financial commission bill was introduced by Mr Du Pont appointing seven commissioners to study federal financial legislation since the republics formation. They will be paid 3800 annually serve until January 1 1W. The panel can visit foreign countries and must report by December 31 188 An appropriation of 59990 is provided. The House Banking and Currency committee will hold hearings on the Aldrich currency bill beginning next Wednesday inviting clearing houses boards of trade chambers of commerce and other groups to submit views. Hearings run 1030 to 430 daily with a noon luncheon break. They will be public.
MENTIONED IN THIS ARTICLE
Washington
Financial Commission
Senate
du Pont
United States
House Committee On Banking and Currency
Boards of Trade
Chambers of Commerce
Bankers’ Associations
Business Troubles Prompt Several Bankruptcy Filings
Petitions filed in U.S. District Court report involuntary cases against Mood at 30 West 39th Street and Fenkart & Co. at 643 Broadway, voluntary filings for Empire Frame & Art Co. at 35 Murray Street and Charlies Swarms Company, plus receivers appointed for Unexceled Clothing and the Gehlen Company. Creditors listed include Albert Raimson, Edward Wild, Alfred R. Conkling, Oscar H. Bricker, Bally Cohen, Sarah Mayer, and others. The Unexceled Clothing Company operates from 649 and 681 Broadway. the Gehlen Company, 42 Union Square, was assigned to creditors. defined partners include Joseph Schultz, Joseph Ginsburg, and Solomon Rosenthal.
MENTIONED IN THIS ARTICLE
Jennie Bodensiek
Mood
West 39Th Street
Albert Raimson
Edwin B. Root
Fenkart & Co
Charles Fenkart
Caroline Fenkart
St Gall
Switzerland
Broadway
Edward Wild
Louis Mayer
Empire Frame & Art Company
Murray Street
Oscar H. Brickner
Amsterdam Avenue
172D Street
Bally Cohen
Charlies
Justice O'Gorman
Supreme Court
Edmund Wright
Louis C. Goetting
Joseph Schultz
Joseph Ginsburg
Solomon Rosenthal
Schultz
Gehlen
Union Square
Edwin A. Hofstatter
Charlies W. Gehlen
Subway Plan Moves Forward With Public Service Push
Public Service Commission directs Henry B. Seaman to draft detailed Broadway Lexington subway plans and contract forms in cooperation with George Coleman. Board of Estimate may approve before July 1 as real estate assessments raise debt limit. Support from Elsberg bill could allow private capital bids, with S M Brower of Trussed Concrete Steel offering 25 million pounds and potential 50 million more.
MENTIONED IN THIS ARTICLE
Wilcox
Public Service Commission
Henry B. Seaman
Commission
Lexington Avenue
George 8. Coleman
Board of Estimate
Broadway
Willcox
Elsberg
S. M. Brower
Trussed Concrete Steel Company
London
Metz
Fourth Avenue Subway
Electric Trains to Yonkers New Route Announced
The New York Central Railroad Company announced that starting Monday all Yonkers local trains will run by electricity from Grand Central Station to Yonkers. This ends the change from electricity to steam at High Bridge and will improve running time between the two stations.
MENTIONED IN THIS ARTICLE
New York Central Railroad Company
Yonkers
Grand Central Station
High Bridge
Third Rail to Hempstead Extension on LIRR
The Long Island Railroad will extend its third rail from Belmont Park to Hempstead at an estimated cost of about 90 dollars. Hempstead and Garden City supporters cover two thirds of the cost, aiming to connect electric service from Hempstead to Brooklyn and Manhattan with a 45 minute trip to lower Manhattan. President Ralph Peters says work should finish by May 15.
MENTIONED IN THIS ARTICLE
Long Island Railroad
Belmont Park
Hempstead
Ralph Peters
Garden City
Brooklyn
Manhattan
Peters
Lower Manhattan
Bank clearings show continued restriction in March
Dun's report notes restricted bank payments with total U S. clearings for March at 9 746 951 317, down 23.8 percent from a year ago and 25 percent from March 1906. Declines hit the East and Pacific Coast hardest, with modest gains in the Far West and notable rises in St. Paul Kansas City and Omaha.
MENTIONED IN THIS ARTICLE
Dun
United States
Pacific Coast
St. Paul
Kansas City
Omaha
New York City
Stock Exchange
Boston
Philadelphia
Pittsburg
Pennsylvania
Wheeling
South
Chicago
Ousted From New Orleans Cotton Exchange
Ernesto Gussoni and Li Castello of Gussoni and Company, prominent cotton brokers and exporters, were expelled from the New Orleans Cotton Exchange today for alleged by law violations. No further reason was provided.
MENTIONED IN THIS ARTICLE
NEW Orleans Exchange
New Orleans
Ernesto Gussoni
Li Castello
Gussoni & Co
New Orleans Cotton Exchange
Chicago Grain and Provisions Markets Hurt by Drought Reports
Reports of drought damage to fall sown crops in Kansas and Nebraska pushed Chicago wheat higher with May closing at 93 3/8 cents. Corn and oats fluctuated little while provisions weakened on large inventories. Local receipts and futures activity remained subdued amid bullish weather and demand shifts.
MENTIONED IN THIS ARTICLE
Chicago
Dreuth
Kansas
Nebraska
Minneapolis
Duluth
May
May Park
New York Beef Cattle and Hogs Market Report April 2 1968
Receipts and prices for beef cattle calves and hogs across New York. Slaughterer demand steady for cattle and weaker toward hogs with varied local and export movement. Specifics include 119 total cattle receipts 111 sent to slaughterers and 5 exported alive, calf receipts 390 head, and hog receipts 335 head with mixed regional price shifts.
MENTIONED IN THIS ARTICLE
New York
Liverpool
London
S. Judd & Co
Buffalo
Tobins& Shannon
Ohio
Tobin & Shannon
Virginia
Market Reports from East Buffalo to Cincinnati
East Buffalo markets show cattle receipts around 100 head with slow prime steers and mixed veal values. hogs 1,500 head mostly active but lower. sheep and lambs 5,000 head steady to lower. Kansas City and Chicago markets noted steady to strong cattle, pork prices near 6 dollars, and lambs well bid. Cincinnati and Pittsburgh reports indicate brisk hog trade and firm sheep values.
MENTIONED IN THIS ARTICLE
East Buffalo
Kansas City
Chicago
iSe Hagher
Cueataa
Amerssé
Ross
Pittsburg
London wool sales trim: prices fall in second 1996 series
London reports the second series of 1996 wool auctions closed with competition easing and prices down across grades. Fine cross breds and merinos led declines, while Americans and home buyers bought sizable consignments. seventy-eight thousand bales rolled over to the third series.
MENTIONED IN THIS ARTICLE
London
Cape of Good Hope
Natal
New South Wales
Queensland
Victoria
Jidits
South Australia
West Australia
New Zealand
Punta Arenas
European Produce Market Update from Liverpool
Liverpool report shows wheat futures dull with May at 6s 10d and July 1s 4d. corn spot firm with Julx at 3s 3¾d. peas Canadian 7s. fats and meats mixed with pork rib and bacon prices steady to strong. lard and refined products firm. tea, cheese, and linseed oil steady to quiet amid broad price movements.
MENTIONED IN THIS ARTICLE
Liverpool
Lomion
Pacific Coast
United States
Surrogates' Notices for New York Executries
Purposes of orders issued by New York Surrogates announce claims against deceased residents Abby S Thompson Mary de Trobriand and Mary H Brush. Creditors must file claims with vouchers at designated law offices in New York City by specified deadlines in 1907 1908. Executrices and executors are named with attorney firms for service.
MENTIONED IN THIS ARTICLE
Ee York
Abby S. Thompson
York
Sher A. Baker
Wall Street
City of
New York
New Rece
STA Lust Company
M . Ferris
Thompson, Bars
R Obriand
Mary DE
Abdner C. Thomas
County of
Mary de Trobriand
County of New York
Curtis R. Hatheway
Kondwar
Borough of
Manhattan
City
Marie Caroline Post
Curtis B& Hal Way
Executor
Executrix
Broadway
Borough of Manhattan
New York City
Rush
Mary Hin
Charles H. Beckett
Mary H. Brush
Brookline
Mass
Charles P. Latting
Pine Street
City of New York
Orank
Eee
William M. van Buren
Surrogate notices issue across New York County filings
Multiple probate notices from the Surrogate's Court of New York County summon heirs and guardians for various estates. Citations address Angelo Delnece, Louis Loewenstein, Alvah Hall, and others, directing appearances at Hall of Records and county offices in 1908 for wills, codicils, and account settlements.
Also Mentioned on This Page
Board of Directors
Delaware
Hamilton
Steel Trust
Senator Carter
Mines Company of America
Baltimore
van Schaick & Co
United Railway
Corgeere
Norf Ry & L
Light & P
Beseeeres
Chas City Ry
Seaboard Am
A Cent Trust
Chicago National Bankers
Commission For Inquiry
Currency Commission
United States District Court
P. S. Board
Chicago Grain and Provisions
Frederic H. Hatch
Broad Street
Lin Niles-Bem-P & Go
Otis
Tabcock & W
Barney & SC
Borden's
H & Las
Miliaa
Texas
AP & F
Stewart & Lockwood
Exchange Lace
Nova Scotia
Peterson Lake
Cobalt Lake
Gulf & Ship Island
Coniagas
New Temiekama
Red Rock
Green Meehan
Kerr
An Trethewey SR
McKinley
Little Nipissag
Nipissing
Cobalt
Toronto
Louisville & Nashville
ST. Paul & Sault Ste. Marie
Mobile
Nashville
Chattanooga
ST. Louis
Sanz Me
Ontario & Western
TSB
Lake Erie
San
Telegraph
London Wool Sales
Executors
Pine St. N. Y. City
Atlantic City
Niagara Falls
Lakewood
Savannah
Cook
Eurketa and Inc
Cook Son
Edwaye
Madison Avenue
Qupreme Court
A. B. Maximilian Fleischmann Company
Gertrude R. Waldo
Samed
Exchange
Vesey Street
Joseph P. Y
Washington Street
Barclay Street
Wi Street
Mary E. Newbold
Laura V. Rhinelander
Mary FR. Swan
Gertrude R. Walto
Mary L. Galletin
Mises
Gurner Ten
Mary IL. Gallatin
Gertrude R. Wakto
Terence J. McMans
Frederick S. Jackson
Barclay SF
Saeia
Ail
Terence J. McMants
Tr M. Eldridge
Howard Elkiridge
Agnes
Helen Ritz
Laura Williame Colwell
Stuart Renaldson
Laura W Renalison
Creeting
Hampton Normal and Agrical Institute
Ronaldson
Laura W
Surrogate’s Court
Hon
Abner
Thomas
County
Wat
Dasnel J Deprset
Petis Tioner
Borough -of- Sabattan
Igor
Angelo O. Deviace
Angelo O Detnoce
Theresa Deviece
Angelo O Delnece
Lewis Delnece
Camille C. Brown
Angelo
Delnece
Rebecca Delnece
Annee
L. S
New Yorks
Said
Daniel J. Dowdney
State OF
Loewenstein
Max Loewenstein
Jenaie Schoenewaldt
Pauline Loewenstein
Louis Loewenstein
Arthur J. Mack
Newark
County of New Yorks
Abner C. Thomas
Saft
Ann EL Hall
Isabel M. Hall
Alice H. Duncan
Sophia V. Bluhm
Frances J. Stewart
William N. Beach
Albert C. Hall, Jr
Audrey B Hall
Isabel McRae Duncan
Henry Marie Stewart
Mary R. Ritch
Beren W._ Ritch
Alvah Hall
New You
Albert C Hall
Anind
KP H. Hon Abner
Suks
New Yor
Surrogates’ Court
Anne Ener Ernst
Friedrich Ernst
Karolinine Ernst
Nat
Elisabetha Sutaer Ernst
Jakob Theteor Ernst
Susanna Nnm
Ernst
Robert Ernst
Julia Ernst
Hall of Records
Adolph H
Emily Ernst
Sult
Hom. Charlies
Safi
Waren
Daniel J
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