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This newspaper page contains 27 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Apr 10, 1908

Page

14

Relief on Wall Street as Erie settlement stabilizes market

Erie Railroad affairs appear settled temporarily. Erie discount notes led gains, trading up sharply from Wednesday. Exchange option shifts ease pressure, with Harriman funding cash payment to maturing notes, seen as protecting Union Pacific exposure and easing bond markets.

Wall Street Erie Railroad Company Erie Abe Edward H. Harriman J. P. Morgan & Co Union Pacifics Harriman

Morse's Methods Expounded By Albert Atwood On Morse Steamship Policy

Albert W. Atwood of The New York Press addressed New York University School of Commerce class on Charles W. Morse. He praised Morse for paying fair prices, avoiding cutthroat competition, offering 20 million for allies, and using substantial cash from his own pocket to build a premier steamship fleet.

Albert W. Atwood New York Press New York University School of Commerce Charles W. Morse Atwood Morse International Marine Marine Rn

Westinghouse Stockholders Urged to Subscr ibe for New Stock

A stockholders committee at Westinghouse Electric and Manufacturing issues a circular urging shareholders to subscribe for their proportional share of new stock under a plan announced by the merchandise creditors committee. It warns that debt expansion caused the receivership and that a sale of additional stock could end the receivership, with failure risking forced liquidation and loss to stockholders. The circular stresses unanimity and prompt action to save the company and protect holdings.

Westinghouse Electric and Manufacturing Company Tata

Grand Trunk Managers Criticized at Semi annual Meeting

Shareholders clashed with directors over mismanagement at the Grand Trunk Canada meeting. Sir Charles Rivers Wilson apologized for a financially unsatisfactory report as calls for reform and a Montreal committee were rejected, citing past mismanagement and severe financial strain.

Canada Gary Charles Rivers Wilson Charles

Fidelity Trust Shows Increase in Resources and Deposits

Fidelity Trust Company of New York reported to the State Banking Department on March W1 total resources of 5,401,38730 and reverits of 74. Am, with increases in deposits over See 19, 1307. The bank began business on May 22, 1997.

Fidelity Trust Company of New York State Banking Department Afy

Rubber Goods Mfg Co Yearly Report and Company Ownership

The report discusses the Rubber Goods Mfg Co s year in review. It notes President Dale s address on stock value and investment in manufacturing plants. It describes ownership links with General Rubber Company and United States Rubber Company and the supply and distribution advantages they provide.

Rubber Goods Mfg. CO Dale Atock- Wr General Rubber Company United States Rubber Company Thiang General Huter Company Bubber Company

No cut in steel prices yet says ex judge Gary

Ex Judge Edward Feh Gary as chairman of United States Steel Corporation denied reports that steel commodity prices would be reduced. He stated no reductions are contemplated and emphasized stability, orderly consideration, and prior information to customers if any future price changes occur. He warned against misrepresentations and noted manufacturers and purchasers prefer price stability.

FE. H. Gary United States Steel Corporation

Ends suit against sugar trust denied by judge

The jury in the $30 million Sherman act suit filed by Pennsylvania Sugar Refining Co against American Sugar Refining Co failed to hear evidence as Judge Holt promptly granted a dismissal. The court rejected an amended complaint under the Sherman act and suggested redress may lie for Pennsylvania minority stockholders outside that law. Attorneys for the plaintiff likely will appeal or pursue equity for losses.

Pennsylvania Sugar Refining Company American Sugar Refining Company United States Henry W. Taft Holt Pennsylvania Company Delaware River

Clarke Defends Railroads Against Legislative Attacks

John N. Clarke, general counsel for the New York, Chicago and St. Louis Railroad, told a Bellevue audience that one hundred fifty bills in Congress plus many more in state legislatures threaten railroad control. He warned such measures threaten confis cation risks and potential massive economic upheaval, risking jobs for millions and national recovery efforts.

Bellevue Ohio John N. Clarke New York, Chicago & St. Louis Railroad Company Clarke Congress Oklahoma Texas

Shaw to Head Trust Company in Mortgage Firm Reorg

Leslie M. Shaw former Secretary of the Treasury will travel to Philadelphia to oversee a reorganization of the First Mortgage Guarantee and Trust Company. After restructuring and expanding capital he will assume the presidency. The firm specializes in guaranteeing mortgage principal and interest.

Lby the Tribune Philadelphia Leslie M. Shaw Secretary of the Treasury First Mortgage Guarantee and Trust Company Shaw

Business Trouble Prompts Multiple Bankruptcy Petitions

Involuntary bankruptcies filed in U S District Court target K Moppar & Son at No and Stanton streets with claims totaling 1 91 / 91,000 plus preferential payments of 2300. Receivers named for Milton L Shirek at No 29 West Houston street and for Caro line E Scallen florist at 1242 Broadway. Other filings include Max Meirowitz at 29 East 10th Street and Hyman Millerstein with liabilities of 788 74 and assets 1 900. Millerstein acknowledges a debt to State Bank at 52 Norfolk Street 300 ).

United States District Court K. Moppar & Son Stanton Street OH. B. Claftin Company Zviebel & Berwitz Fred Butterfield & Co John A. Dutton Milton L. Shirek Weat Houston Street American Woollen Company Adolp Shirek San Francisco R. J. M. Bullowa Carolne E. Scallen Florist Broadway Jonah T. Newcomb Max Meirowitz East 10Th Et Hyman Millerstein Bowery No. 224 Street Millerstein State Bank Norfolk Street

COLLIN ARMSTRONG PRAISES WALL STREET AS UPRIGHT

Collin Armstrong editor of The Wall Street Summary lectured before the New York Chapter of the American Institute of Banking at 35 Nassau Street. He argued proposed laws could paralyze business and drive activity abroad, warning against lawmakers who overlook how speculation relates to commerce and finance. He condemned casual market gambling and said Wall Street remains the cleanest, most upright and useful place in the country.

Collin Armstrong Wall Street New York American Institute of Banking Nassau Street Armstrong Mr. Armstrong

Hyde Trustees Seek Order in Reserve of $2 Million Suit

Justice Bischoff reserved decision in the Supreme Court on the Hyde estate trustees request to bar individual suits by Equitable Life Assurance Society Mercantile Trust Company and George W Turner for $2,000,000 until the Mercantile Trust Company suit against Equitable Life, covering the same sum, is resolved. The trustees are alleged liable as guarantors for loans totaling $2,000,000 for Hyde Marcellus Hartley and three others, with the guarantors believing the Equitable Life would cover. Equitable Life denies responsibility.

Justice Bischoff Supreme Court Henry B. Hyde Equitable Life Assurance Society Mercantile Trust Company George W. Turner Hyde Marcellus Hartley

Bay State Gas report filed in U S Circuit Court

Bay State Gas Company of Delaware receiver George Wharton Pepper filed his second court report showing on March 18, 1907 receipts of 1,414,428 with 37,761 interest to April 1 and 684,347 expended leaving 767,812. Expenditures include 11,450 to master Causten Brown 106,100 for accountants 521,069 for cancellation of 487 income bonds and over 55 in lawyers fees.

Boston George Wharton Pepper Bay State Gas Company of Delaware United States Causten Brown

May Indict New York Contractors For Peonage

Indictments for peonage found against Captain John Powers and other foremen of the South and Western Railroad for holding workmen in peonage during the McDowell County construction about a year ago. Reports say true bills may be returned against the railroad company and the contracting firm McArthur Brothers of New York.

the Tribune Asheville John Powers South & Western Railroad McDowell County McArthur Brothers New York

Cunard Reports Solid Year and Dividend Plan

Liverpool April 9 The Cunard Steamship Company reports a fairly prosperous year after depreciation and writing off new ships. Directors propose a 5 percent dividend and carry forward 45000 dollars, compared with 270.0 thousand last year.

Liverpool Cunard Steamship Company

Receiver Appointed for United States Independent Telephone Co

Vice-Chancellor Howell in Newark yesterday named Frederick T. Johnson of Newark as receiver for the United States Independent Telephone Company which has been declared insolvent. The firm was incorporated for 56,006.0 and holds a judgment against it in this city for 100.

Howell Newark Frederick T. Johnson United States Independent Telephone Company

Trust Pursues Corrigan McKinney Iron Mines Sale

The Oliver Iron Mining Company a United States Steel unit, is said to be negotiating to purchase the Corrigan McKinney Co iron ore mines the country’s largest independent mines. The latter shipped between 2 500 000 and 3 000 tons of ore from the lake districts last year.

Oliver Iron Mining Company United States Steel Corporation Corrigan-McKinney & Co

Exchange boards vote to close on Good Friday weekend

The Consolidated Stock Exchange governors voted to close the exchange on Good Friday and the following Saturday. The New York Stock Exchange and the Cotton and Coffee exchanges had already adopted a double holiday. The Produce Exchange had not yet acted but was expected to follow suit.

Consolidated Stock Exchange New York Stock Exchange Cotton Produce Exchange

Mining Notes From Old Talc Deposit and Raven Mine

The Montgomery Sho shone talc deposit yields rapidly to bins and car shipment to Salt Lake with minimal waste. The Cobalt Lake title is under litigation as shareholders urge government action for a clean title. Raven mine main shaft reaches 1127 feet with a 26 foot vein containing 3 percent copper at 900 feet and a 45 foot cross-cut at 1100 feet.

Montgomery Cobalt Lake Raven

Market Report From New York on Cotton and Commodities 1908

General market report from New York dated April 9 1908 covers cotton prices and daily ranges with a sharp rally after early weakness, May and October contracts at specific levels, extensive commentary on bear pressure and sentiment, plus coffee, flour, grain, wheat, oats, corn, and metals markets with price moves, receipts, and notable factors shaping activity across multiple commodities. It notes liquidation pressures, local sentiment influences, and a Wall Street involvement in cotton demand.

New York Wall Street Farmers’ Union Mississippi Jundiahy Recevita Hin Santos Rio

Market for Foreign Produce Slows Beans and Peas Decline

New York April 3 1908 market reports show beans and peas prices weak with some steady levels for select marrow and white kidney varieties. Cabbage eggs cheese and fruit quotes accompany broad notes on supply demand, imports, and holiday demand affecting live poultry, potatoes, and vegetables.

New York

Commodities Prices for Produce by City and State

A scanned list shows prices for fruits, vegetables, and related goods across Norfolk, North Carolina, Florida, Bermuda, Charleston, and other areas. Items include asparagus, beets, carrots, celery, cabbage, chicory, cucumbers, eggplants, okra, peppers, parsley, parsnips, radishes, spinach, squash, tomatoes, turnips, lettuce, onions, and more with per basket, per crate, per box, and per ton rates, alongside notes on grade and origin.

Pring Philadelphia Sylvania Bermuda Florida Mar Virginia Maine Norfolk North Carolina Charleston California New Orleans New South Carolina Celery Denise Escarole Horseradish Western Kale Norfolk Blue Kohlbari Dee Charleston Do South C Rolina Tae Okra Florida Georgia Curry Romaine de Filorita de Germuda Becket Nor- Soc St. Do Baltmore Crook Neck MINT House Beadishes Ofc State Jersey Ae Lang Taland Toledo Timothy Prune

Livestock Market Report from New York April 9 1908

Livestock receipts: cattle six percent cars totaling 1 173 dead all for local slaughterers. Beef steady with dressed weight about 9 to 11c per lb extra beef at 1 1c. Calves receipts 59 head dressed calves steady and veals 7 to 11 5c. Sheep and lambs receipts 1 859 head weak with lambs 12 to 13 1c lower. buffalo lambs firm at 8 5 to 9 5c. Hogs receipts 1 459 head weak with country dressed hogs at 1 per lb. prices listed for specific lots and weights. Late yesterday sales show varied prices across holdings.

London Standard Foundry Sis Sd Cleveland Sis Foundry Northern Produce Exchange Saar New Orleans Philadelphia New York City Calcutta Chicago Kansas City Omaha West Steaty India T. Sige S.c Ciy Stee South America Continent Brazil Tubtec Oleo Patna Rangoon Rassein S&t S.e Wales New Yorks Beeves Liverpool West Indies Kerns Commission Company Buffalo Lambs Buffalo Sanders

CATTLE AND HOG MARKETS REPORT FROM CHICAGO AND KANSAS CITY

Market reports show cattle receipts around 5 000 head in Chicago with steady to weak prices and hogs about 19 000 head, weak to higher in spots, plus sheep and veal listings. Prices span steers 5 50 to 7 40, hogs mostly 5 75 to 6 10, and lambs around 5 25 to 6 25 with varied regional quotes from Buffalo and Kansas City reports.

Colt Spitzenberg Northern Spy Baldwin Rosbury Jersey Charleston Orang Florida Florida Chicago cRote Buffalo Kansas City Karin Stasay

European Produce Market Report on Liverpool Notes

The Liverpool market shows dull wheat spot with mixed American prices and futures excitement for May July and September. Peas remain steady, hops featured in London dull, pork and lard firm with various cuts steady to firm, cheese and tobacco prices noted, and rapeseed oil products quiet at refined levels.

Mobile Savannah I-C Hales Halveston Baieimo Nermal Augusta Stead St Louis Dull Little Rock Galveston New Orleans Whimington Houston New Rlear Cotton Exchange Liverpool Js S&c London United States Ios

Chicago grain and provisions market report

Chicago wheat and corn prices fell on favorable Southwest crop reports while oats held gains. May futures opened irregular and ended weak, with declines in July and September. Provisions were steady to lower as buying by elevator interests persisted and receipts varied across wheat, corn, oats, and hogs.

Chicago Igc Minneapolis Duluth Siac Soc Schec Sdc Osc Ssc May Park

Also Mentioned on This Page

New York University Westinghouse Grand Trunk Landen Lene Mastinor Uel Railway Montreal Sir Charles Qrada AVS Sugar Trust Nickel Plate L. M. Shaw Trust Company Pabama Southern IsLave Pacifi Detroit United Gulf & Ship Island ST. Joseph & Grand Island Grand Hapids & Indiana Equitable Life and Mercantile Trust Bay State Cunard U. S TRUST Clinton Gilbert Ilo Allance Realty Law T Ins & Trns Am Surety O. Or Carnegie Morton Iso Mutual Alliance Cent Realty City Invest Co Nat Ae Surety Lin & Tr Tam Columbia Trust Co Anu Hi Commercial Pitt People’s An PT Empire Tr Queens County Standard Trust Flatbush Thoony Wranklin Trust Co of Amwie Fulton Fidelity Hudson Real Legie van Norden Mae Hutson Washington Wiest Nester Inter Bhe Corp Kings County Knickerbocker Am Tierres Dales General Market Report Weno Alse Commission House Tts Kansan Nebraska Kansas Grain Dealers’ Association Winnipeg Herlin Budapest York Argentin Kansas New England Reece Country Produce Markets Lima Elk New York State van Dusen Stas Pacific Coast Telegraph Chan Eoroughs WESTS Chicago Grain and Provisions Chares Harney & Co Bread Street 4Th Steet Marsdent Cambria Steel Penn Tee Co Fairmount Welspack Co
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