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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Apr 06, 1908
Page
14
W. W. Finley of the Southern Railway reports that Southern business shows uneven revival potential with sound banks and prosperous farmers offset by industrial low mood. He cites cautious retail and smaller inventories, notes uncertain timing for a recovery, and urges constructive sentiment to spur renewed prosperity.
Justice Betts signed an order discharging the temporary receiver for Jenkins Trust Company of Brooklyn and allowing it to reopen by April 22. Clark Williams reports assets of 4 302 712 and liabilities of 3 756 524 with a surplus of 6 158, and directors will add 100 000 to the capital. depositors are to be paid on demand or in ten monthly installments.
Leon record figures show a sharp drop in March iron ore imports to 53 166 tons from 149 509 tons in February. Overall imports totaled 1 ton, far below February levels and the two year average near 160 000 tons. Most ore came from Cuban properties of Pennsylvania Maryland and Bethlehem steel groups for Ross Point Stahlton Bethlehem furnaces. Six full Cuban cargoes equaled 46 44 tons. Eastern Pennsylvania plants received 6 70 tons from Cartagena Spain.
foreign steel representatives arrive in the United States to learn spot market details for contracts abroad. G E Yeatman of Johanneshure handles South Africa for United States Steel Products Company. W H Olhoff of Batavia represents East Indies interests. Henry J Jones of Sydney, who pioneered hot rolled steel standards in Australia, will manage U S steel business in Mexico.
Telegraph report from Patsburg notes a surge in tin plate output as the American Sheet and Pin Mate Company plans sixteen mills at Elwood, boosting capacity by 22 mills in total. Last week Pittsburg district orders include 4,000 railroad cars and 10,080 tons of car axles and iron. Lehigh New England Railroad placed orders for 20 cars.
A Barton Hepburn president of the Chase National Bank and head of the currency committee of the American Bankers Association will appear before the House Committee on Banking and Currency in Washington on April 18 to offer his views on financial legislation and the ideas of the American Bankers Association.
Mr. Hepburn has called a meeting of the currency commission of the association to be held in Washington on April 14.
Coal operators and United Mine Workers leaders from Western Pennsylvania Ohio Indiana and Illinois plan a meeting in Indianapolis to consider a call for a joint wage convention to restore the interstate agreement and set a date for resuming bituminous mines if needed. If no accord is reached districts may sign a wage scale with a minimum, or operators may be authorized to sign a national scale with the same minimum. Prospects for a major soft coal strike are deemed unlikely and mining may resume soon.
Nitrate exports from Chili in March totaled 536,300 quintals to the United States, 2,121,100 to Europe, and 167,500 to other nations. Current loading comprises 352,200 quintals for the United States and 1,554,000 for the rest of the world.
In Liverpool on April 5 it is announced that a leading British line has already reduced steerage fares for Mediterranean to United States travel, with other lines expected to do so. Reports say North Atlantic services rejected using Fishguard Wales as a port of call.
In Mexico City on April 5 a bill to remove the export duty on henequen sisal hemp was introduced in Congress. The measure has presidential and finance ministry support and is expected to pass.
The Delaware and Hudson reports 1907 earnings with coal traffic at 9,081,664 and freight and passenger gains totaling over 2.6 million. Operating costs rise due to higher traffic, material, and labor, plus New York eight hour law and tariff regulations. The company notes significant traction holdings and coal lands valued at billions in impact, with ongoing litigation referenced but not detailed.
The toll of rail line losses is reported with nine systems showing overall downturn of 11.3 percent and a total loss of 491 534. The document also presents multiple probate citations from the Surrogate's Court of New York City for estates including Clark W Dunlop Thomas Byrne and James Birchett with dates and attorney details.
Sealed proposals in duplicate will be received at Headquarters U S Marine Corps Quartermasters Office Washington D C until 10 a m April 9 1908 for conical storage wall and shelter tents and furnishing poles and packing material. Marine Corps to furnish material at Government expense. Proposals may be obtained at this office and at the Assistant Quartermaster Philadelphia Pa. Rights reserved to reject any or all bids and to waive informalities.
A pearl pin valued as an heirloom was found on Sunday morning near 76th Street Columbus Avenue and Broadway to List Street. The finder will be thanked by the owner and receive a suitable reward upon returning it to 7 West 76th Street.
First class artist seeks outside work in sketches litho graphic crayon stipple engraving and black and white work. Haller 333 East 77th Street New York City. Assistant bookkeeper and office assistant seeks downtown position with four years experience age 19 capable of making monthly trial balance and related tasks. Salary requested eight dollars per week or other. J Efrich 117 St Nicholas Avenue Brooklyn.
American 26, single, competent, careful driver seeks steady work. References available. Box 33, Tribune Office.
A long list of job ads for chauffeurs and clerical workers including bilingual and skilled drivers, repair capable, private family hiring, and office assistants. Entries include names and addresses across Brooklyn and Manhattan, with references and ages where given, plus ad for lessons in Italian and miscellaneous trades.
At a board meeting the Erie Railroad Company authorized issuing 15 million dollars in notes dated April 8 1908 and due by April 8 1911 to refinance existing 5.5 million unsecured notes and fund corporate needs. Up to 4.5 million may be reserved for future corporate purposes under committee oversight. Notes secured by pledged Erie bonds. Public Service Commission approval noted.
The No 4 well on the La Belle Iron Works property in Brook County’s Follawsbee pool made 419 barrels in the first sixteen hours, the largest in the development and lifting the pool ahead of Holliday's Cove. Other good wells in the district add to the pool’s value while remaining fields show limited action.
A brief notice notes the third return game of The Trib thirty-eight railroads week in March. It mentions earnings and systems tied to the event, outlining the financial and organizational context for readers.
The notice lists Paniel J. Dowdne as the clerk of the surrogate and references the law firm Olcott & Tenney with attorneys at 27 William Street in Manhattan. The document presents an official city filing from New York.
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