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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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 ).
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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