Trade commerce under discussion by New York citizens
A New York conference at 9 Stone Street gathered business leaders to address the decline of regional commerce. Participants urged legislative and policy action to restore prosperity, criticize differential rates, and propose improvements to dockage, piloting, and railwater interchanges affecting the port. The meeting adjourned to reconvene in two weeks.
MENTIONED IN THIS ARTICLE
New York
No. 9
Stone Street
H Henschel
Leslie J. Tompkins
Law School of
New York University
Jacob
Frederick C. Zobel
William Simmons
Ons Transportation Company
Brooklyn
Atlantic Avenue Improvement Action
Frank D. Cadmus
Manhattan
Edward Hatch, Jr
Lora & Taylor
B. J. Greenhut
Greenhut & Co
Fields Pendleton
Pendleton Brothers
Ownets
Marcus H. Tracy
F. H. Jarvis & Co. Transportation
John Adikes
Jamaica
Long Island
Louis A. Risse
Board of Public Improvements of
Greater New York
Daniel A. Cobb
Geores J. Greenfield
David J. Tyson
Staten Island
Henschel
Tyson
Zober
Iman Sterne
Bterne
Vanderbilt
Chicago
Levis
Harriman Not Well Weary but Ready to Build When Profits Permit
In Omaha on April 4 FE H Harriman, breakfasting on rice and milk in his private car, reports stomach distress after returning from Chicago. He expects to be well in a few days and says building in Nebraska Wyoming and the Pacific Coast awaits revenue. He resists territorial framing, calling it interdependent with others. General Counsel Lovett joins from the South with the Harriman lines.
MENTIONED IN THIS ARTICLE
Omabs
Reationatiem
FE. H. Harriman
Chicago
West
Nebraska
Wyoming
Pacific
Mr. Harriman
Hartman
Omaha
Lovett
Harriman Lines
Harriman
Europe Bids Boost Bond Buying Across Markets
A sharp rise in European holdings of American securities reflects renewed confidence on Wall Street. Central Pacific and Delaware and Hudson bonds attract European buyers while rail and steel stocks reach yearly highs. Banks expand commercial paper issuance as investment demand and grain shipments support a tentative market revival.
MENTIONED IN THIS ARTICLE
Sterling Exchange
Central Pacific
Delaware & Hutson
Ets
Jocal
Europe
Reading
United States Steel
Wall Street
Billion of exemptions shock Tax Department report
The Tax Department report released yesterday tallies city tax exempt property at 1.2399 billion dollars. Father Knickerbocker holds 800 thousand in real estate led by Central Park valued at 215 thousand. Government property totals about 65 million, with Governor's Island at 6.2 million. Exemptions largely cover churches hospitals and cemeteries and include the subway system. The valuations cover Manhattan city property.
MENTIONED IN THIS ARTICLE
Tax Department
Father Knickerbocker
Central Park
United States
Governor's Island
Manhattan
Battery Park Oo
City Hall Park
Hall of Records Seeder
Tompkins Square Park
Washington Square Park
Madison Square
Union Square
Manhattan Square
New York Public Library
Esnaes
Bricknell’s Island Penitentiary and Hospital
Mount Morris
Custom House
Wall Street
Sub-Treasury
Navy Yard
Brooklyn
Fort Hamilton
fAgainst
M and T Bank to reopen as Union Bank of Brooklyn
Clark Williams state Superintendent of Banks submitted to Justice Pound a favorable report on the Mechanics and Traders Bank after suspension since January. The bank will resume next week as Union Bank of Brooklyn with Edward M. Grout as president and Edwin J. Stalker as vice president, capital of 1 million dollars and substantial surplus.
MENTIONED IN THIS ARTICLE
Clark Williams
Justice Pound
Supreme Court
Mechanics and Traders’ Bank
Mr. Williams
Union Bank of Brooklyn
Edward M. Grout
Mechanics’ and Traders’ Bank
Edwin J. Stalker
Chase National Bank
Grout
Williams
Manhattan
Fulton Street
Hancock
Brooklyn
Sen Ae
O Cemiee
Eunesiennese
Ecco
Tata
People of
No. 5
Broadway
Times Square
Madison Avenue
59Th Street
Union Branch
No. 4
Court Street
Mechanics and Traders
Delano to Leave the Wabash Rumor Circulates
Telegraph report from Pittsburg on August 4 notes rumors that Frederick A. Delano president of the Wabash Railroad may leave his post and that Harriman could influence a successor, with possible retirement at the October annual meeting. Delano and George J. Gould have been rivals in Pittsburg for some time.
MENTIONED IN THIS ARTICLE
Tribune
Pittsburg
Frederick A. Delano
The
Wabash Railroad
George J. Gould
E. H. Harriman
Wabash
Harriman
Delano
Maine Lumber Firm Sells Timber Lands to Boston Company
The M. G. Briaw Lumber Company of Bath sold its timber land holding of about forty thousand to forty five thousand acres to Hollingsworth & Whitney Co of Boston, which runs pulp mills at Winslow. The price was not announced.
MENTIONED IN THIS ARTICLE
Bath
M. G. Briaw Lumber Company
Hollingsworth & Whitney Co
Boston
Winslow
No Strike Likely as Railroads Expect Amicable Settlement
Railroad representatives and officials from the Lackawanna predict no strike by switchmen. They cite union complexities, with Brotherhood of Railroad Trainmen seen as the regular union and note agreements exist with both groups. Officials including President Truesdale’s representative say the strike rumors are exaggerated and layoffs concern shops, not operating crews. Congress and Interstate Commerce Commission figures may discuss the matter in coming days.
MENTIONED IN THIS ARTICLE
Lackawanna
Scranton
Penn
Switchmen’s Union of North America
Brotherhoods
Brotherhood of Railroad Trainmen
Delaware, Lackawanna & Western System
Brotherhood
Truesdale
Delaware, Lackawanna & Western
Switchmen
Buffalo
Switchmen's Union of North America
Martin A. Knapp
Interstate Commerce Commission
Neill
Knapp
Washington
Dispute Over Union Rules Signals Rail Line Discipline
The article reports a Buffalo switchmen dispute on the Delaware Lackawanna & Western over staffing and obedience to yard rules. It describes discharge for insubordination, internal review by district officials, and calls for maintaining discipline without outside interference, arguing it upholds public safety and road prospects.
Debenture Groups Plan Merge of Great Western Stock
English and American debenture protective committees advance a reorganization plan for the Chicago Great Western. They may merge preferred B and common stock into one class, with 100 shares preferred B equaling 200 common. A sale of the railroad to rivals or a new company to buy it are possible outcomes.
MENTIONED IN THIS ARTICLE
Chicago Great Western
Great Western
Assignment of Cincinnati Brokers Ends Creditors Push
Cincinnati August 4 Charles E Bultman Co brokers announce an assignment for the benefit of creditors through their attorney with liabilities potentially exceeding 300000 None assets statement has been provided by the firm
MENTIONED IN THIS ARTICLE
Cincinnati
Charles E. Bultman & Co
Stock market calls and warnings from the 1908 bear and bull cycles
In Boston on August 5 1908 a market speaker warns investors against buying at peaks and selling at bottoms. He recaps past calls for Smelters Union Pacific St Paul and Bay State, notes rising prices, and foreshadows an advertising campaign to push Bay State toward $10 as he urges readers to follow his bottom-to-top strategy.
MENTIONED IN THIS ARTICLE
St. Paul
Union Pacific
Bay State
Boston
Wall Street
Amalgamated
City Sees Credit Rise as City’s Bonds Sell to Seligmans
Controller Metz announced the city remains on a 4 percent borrowing basis and shows checks from J and W Seligman for 5 039 460 to fund 4 percent bonds issued in August 1907. He also sold 1 million of special revenue bonds at 2 1 2 percent for ninety days and urged fiscal restraint.
MENTIONED IN THIS ARTICLE
Metz
J. & W. Seligman & Co
Wall Street
Seligmans
Trolley Men Give Views on Uniform Accounts Proposal
Albany August 4 representatives of trolley roads from across the state conferred with Public Service Commission district officials on the proposed uniform system of accounts for annual reports. Critics opposed depreciation accounts while some voiced concerns over cost and clerical burden with a request to delay until the Interstate Commerce Commission settles its system.
MENTIONED IN THIS ARTICLE
Albany
Stevens, Decker, Sague and Olmstead
Public Service Commission
Fustis
1St District Commission
Henry J. Pierce
Buffalo
International Railway Company
Abel
Brooklyn Rapid Transit System
H. M. Beardsley
Elmira Water, Light and Power U Company
W. H. Davies
Delaware & Hudson Trolley
Interstate Commerce Commission
Stevens
West to seek coal price control under Oklahoma law
Attorney General West will file a petition with the State Corporation Commission to regulate coal prices for consumers. He seeks a range from 5 to 15 dollars per ton, replacing the current 50 to 80 dollar scale, and warns he could appoint receivers if coal companies resist. The action relies on a law section he authored.
MENTIONED IN THIS ARTICLE
Guthrie
Okla
Oklahoma
West
State Corporation Commission
Kingston Fire Losses Paid After Long Litigation
Kingston Jamaica August 4 after eleven months of litigation the insurance companies lose their attempts to resist payment of claims arising from the January 14 1997 Kingston earthquake fire The Privy Council in London dismissed the companies appeals against Jamaica lower court decisions The total amount involved is 34 000 000.
MENTIONED IN THIS ARTICLE
Kingston
Jamaica
England
Privy Council
Car Plunges From Mill Creek Bridge Near Greenport
A large touring car, said to belong to Miss N. T. Scott of Shelter Island, went off Mill Creek bridge two miles east of Greenport and crashed into the creek thirty feet below. Chauffeur Cunningham and four male passengers were injured in the accident.
MENTIONED IN THIS ARTICLE
the Tribune
Southold
Long Island
N. T. Scott
Shelter Island
Mill Creek Bridge
Cunningham
Escape After Car Crash Dashes Into Bridge Railing
Cunningham escaped with no serious injuries after a car traveling at thirty miles an hour smashed through a high iron railing near a bridge. He then crossed to Greenport alone and later returned with four companions, three yachtsmen and a U S cruiser sailor, in a farmer's wagon.
MENTIONED IN THIS ARTICLE
Cunningham
Greenport
United States
Maine Steamship Bonds Default Sparks Bondholder Doubt
The Maine Steamship Company of New Jersey defaulted on August interest with no official reason given. Charles S. Mellen cited write-offs, while bondholders doubt the claim as earnings remained solid under New Haven control. Some suspect a tactic to buy bonds cheap, though a source hinted payments could resume. The Corn Exchange Bank cited no payment instruction by close of business.
MENTIONED IN THIS ARTICLE
Maine Steamship Company of
New Jersey
Charles S. Mellen
New York, New Haven & Hartford Railroad Company
Steamship Company
Corn Exchange Bank
Maine Steamship Company
Notes of the Mines Highlight New Ore Discoveries and Plant Upstarts
Howard Paschal, president of Tri-Bullion Smelting and Development, reports July ore shipments from Kelly mines New Mexico and promising new ore bodies with improved reduction works by Traylor Engineering. The Utah Copper Garfeld plant started in June with capacity six tons daily and strong quarterly copper output and profit. Mexican mining interests hire an American engineer to assess properties as English syndicates push to acquire riches.
MENTIONED IN THIS ARTICLE
Tri-Bullion Smelting and Development Company
Kelly
New Mexico
Howard Paschal
Traylor Engineering Company
Utah Copper Company
Garfeld
Mexico
Market Notes from Chicago and Other Cities
Telegraph market roundup reports receipts and prices for cattle hogs and sheep across Chicago Cincinnati East Buffalo Kansas City and Pittsburgh. Cattle in Chicago steady to slow with steers 4 75 to 8 00. hogs about steady to higher with Packers and butchers around 6 40 to 6 75. sheep 3 50 to 4 50 for ewes and 4 75 to 6 75 for lambs. Other cities show varied declines and steady runs with similar item ranges and regional price shifts.
MENTIONED IN THIS ARTICLE
Chicago
Rees
Isc
Cincinnati
East Buffalo
Texas
Taoe
Pittsburg
Also Mentioned on This Page
Commerce
Albert E. Henschel
Atlantic Seaboard
Trunk Line Association
Montreal
Rts
Baltimore
Philadelphia
Delaware & Hudson
Railston
N. Y
Delaware & Hudson Railroad
Machanicville
John Butler
Timberland Holdings
Trade Journal
Delaware, Lackawanna & Western Railroad Company
Coal Trade Journal
Delaware, Lackawanna & Western Railroad
Roosevelt
Yaa
Clarke
Switchmen’s Union
Buffalo Yard
West Point
Loomis
Thomas W. Lawson
Wall St
Kingston Fire
Maine Steamship Bonds
Telegraph
Canadian Pacific
Colorado & Southern
Denver & Rio Grande
Bsapeake
Ohio
Colorado Midland
Inc
E. Sa
Tai
Trust and Surety Companies
Clinton Gilbert
Alliance R
Law
Surety
TI & Ed
Astor
Lincoln
Éance
Lb & T
Mount Vernon
B & Mtg
Bowling Green
Mercantile
Htansop
Mtre
Carnegie
Morton Weereeee Cas Co
Amos
Tre
Mutual Alliance
City Invest Co
Cent Rity Co
Nassau
Weeee
Nat Surety Co
Columbia
Nylie& & T
NY Mtg & Sec
Béte
Hudson Realty
van Norden
Hudson Tr
Washingtoniat Bke Corp
Westchester
Kings County
WaesTam
Windsor
Lafayette
Jackson Gas Se
Bait
Mutual
Buffalo Gas
NY & ER Ss
Cpg&c
Ohio & Ind G
Paterson
Syra
St & P
Brooklyn Ferry Bia
Union Ferry
Toronto
Stewart
Lockwood
Exchange Place
New Temiskam
Cobalt Central
Cobalt Lake
Nova Scotia Cig
Coningas
Crown Reserva
Foster
Green Meehan
Kerr Lake
San Francisco
Andes
Hale & Norcross
Belcher Ll
Kentucky
Best & Belcherey
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