Trade and Port Commerce Service Conference Held in New York
Citizens from New York organized at 9 Stone Street to examine causes of declining port commerce and pursue legislative and practical steps to restore growth. Attendees included Hi Henschel, Jacob Rich, Edward Hatch Jr., Marcus Tracy, and others from shipping, manufacturing, law, and transportation. The group debated differential tariffs, rail and water interchanges, and dock charges, with a two week adjournment for a follow up meeting.
MENTIONED IN THIS ARTICLE
New York
No. 9
Stone Street
Hi Henschel
Leslie J. Tompkins
Law School of
New York University
Jacob @rich
Frederick C. Zobel
William Simmons
Ens Transportation Company
J. J. Hill
Edward F
Board of Public Improvements
Greater New York
Daniel A. Cobb
George J. Greenfield
David J. Tyson
Staten Island
Henschel
Tyson
Zober
Atlantic Seaboard
Trunk Line Association
Montreal
Baltimore
Philadelphia
Pe Sterne
Eterne
Vanderbilt
United States
Congress
Chicago
Louis
Harriman Illness Delays Western Building Plans
E H Harriman, resting in his private car at Omaha, reports stomach distress after arriving from Chicago. He says building will resume when revenue warrants it, noting modest gains but not near levels of two or three years ago. He denies territorial claims, calling the field interdependent. General Counsel Lovett joins from the South with the Lovett special car.
MENTIONED IN THIS ARTICLE
Omaha
E. H. Harriman
Chicago
West
Nebraska
Wyoming
Pacific Coast
Mr. Harriman
European investors buy American bonds amid stock market rise
Large foreign purchases of American securities by European investors push bond issues from Central Pacific and Delaware & Hudson abroad. The rally lifts railroad and steel stocks, with easy money and abundant harvest prospects fueling demand for cash and higher income yields. Banks show strong paper buying as mercantile activity signs revive in early year.
MENTIONED IN THIS ARTICLE
Wee
Sterling Exchange
Central Pacific
Delaware & Hudson
Europe
Reading
United States Steel
Wall Street
Billion Of Exemptions In City Tax Report Revealed
The Tax Department reports total city properties exempt from tax at 1.2399 billion dollars. Notable values include Father Knickerbocker real estate centered on Central Park at 215 thousand, and government holdings around 65 thousand with Governor's Island at 6.2 million. The subway system and churches hospitals cemeteries form major exemptions.
MENTIONED IN THIS ARTICLE
Tax Department
Father Knickerbocker
Central Park
United States
Governor's Island
New York
Ghana
Boise de NE A
Custom House
Assay
Wall Street
Treasury
Navy Yard
Brooklyn
Fort Hamilton
Postofice
Manhattan
Mechanics and Traders Bank Reopens as Union Bank of Brooklyn
State Superintendent Clark Williams reports the Mechanics and Traders Bank will resume next week as the Union Bank of Brooklyn with capital of 1 million dollars and substantial surplus. Edward Grout will be president with Edwin Stalker as vice president. new directors to be named.
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
Delano to Leave the Wabash Head Post?
Rumor from Pittsburg suggests president Frederick A. Delano of the Wabash Railroad may seek relief from his role. Harriman or Gould could influence a successor before the October annual meeting as tensions with Gould persist.
MENTIONED IN THIS ARTICLE
The
Tribune
Pittsburg
Frederick A. Delance
Wabash Railroad
George J. Gould
E. H. Harriman
Wabash
Harriman
Delano
Train wreck disrupts Delaware & Hudson service near Mechanicville
Train No. 2 leaving Raliston at 2 pm derailed north of Mechanicville as rails spread. Fireman John Butler badly injured while passengers escaped unharmed. All cars left the track and two overturned, halting traffic until night.
MENTIONED IN THIS ARTICLE
Delaware & Hudson
Raliston
N. Y
Delaware & Hudson Railroad
Mechanicville
John Butler
Lumber Land Sale Shifts Forty Thousand Acre Holdings
Bath Maine August 4 The M G Shaw Lumber Company sold its timber land holding totaling between forty thousand and forty five thousand acres to Hollingsworth Whitney Co of Boston which operates pulp mills at Winslow. The price was not announced.
MENTIONED IN THIS ARTICLE
Bath
M. G. Shaw Lumber Company
Hollingsworth & Whitney Co
Boston
Winslow
No Strike Expected by Lackawanna Switchmen say unions may avoid walkout
Railroad leaders and officials from the Lackawanna say a switchmen strike is unlikely. Union tensions involve Switchmen's Union of North America and Brotherhood of Railroad Trainmen with Knapp and Neill to discuss the matter. Delays or layoffs cited as shop adjustments, not punishment for union activity.
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
Martin A. Knapp
Interstate Commerce Commission
Neill
Knapp
Mr. Neill
Washington
Dispute Over D L & W Switchmen Yards In Buffalo
The Coal Trade Journal notes no outside interference in the D L and W switchmen dispute at Buffalo yard. Crew shortages led to two men being discharged for insubordination after refusing to work under emergent rules. Union officials and managers met. Clarke and Truesdale approved local disciplinary action. The piece defends discipline as essential for public service and criticizes calls for outside meddling.
MENTIONED IN THIS ARTICLE
Delaware, Lackawanna & Western Railroad
Roosevelt
Neill
Buffalo
Clarke
Scranton
New York
Switchmen’s Union
Truesdale
Lackawanna
Buffalo Yard
West Point
Loomis
Investor’s sharp tongue blasts stock follies and bull hopes
In Boston on August 5 1908 an outspoken market adviser denounces investors who chase tops and bottoms. He recalls decades of timing boards buying at bottoms and selling at tops and predicts rapid rises in Bay State Amalgamated and others with an upcoming advertising campaign set to boost prices.
City’s Credit Rises as 4 Percent Bonds Move Off Shelf
City Controller Metz announced a return to 4 per cent borrowing with $5,039,480 in 4 per cent bonds sold to the Seligmans and $1,000,000 of 90 day 2 per cent special revenue bonds. He said funds will cover 1908 needs with $12,500,000 more stock not before November 1, 1908, and warned against excess spending despite easier Wall Street money.
MENTIONED IN THIS ARTICLE
Metz
J. & W. Seligman & Co
Wall Street
The
Seligmans
Trolley Men Seek Change in New Accounting System
State trolley representatives from across New York met with Public Service Commission leaders in Albany to press for modifications to the proposed uniform account system for annual reports. Leaders argued depreciation accounting is too radical and costly, while others urged delaying action pending Interstate Commerce Commission guidance.
MENTIONED IN THIS ARTICLE
Albany
Stevens, Decker, Sague and Olmstead
Public Service Commission
Fustis
1St District Commission
Henry J. Pierce
Buffalo
International Railway Company
Howard Abel
Brooklyn Rapid Transit System
H. M. Beardsley
Elmira Water, Light and Power Company
W. H. Davies
Delaware & Hudson Trolley
Interstate Commerce Commission
Stevens
Merger Plan for Chicago Great Western Debentures Anticipated
English committee of Chicago Great Western debenture holders plans merging preferred B and common stock into one class in the railroad reorganization. One hundred shares of preferred B may equal two hundred common shares. A sale of the line to rivals or a new company purchase are possible outcomes as plans proceed.
MENTIONED IN THIS ARTICLE
Great Western
Chicago Great Western
Assignment of Cincinnati brokers creditors move
Cincinnati brokers Charles E. Bultman & Co. announced through their attorney that an assignment for creditors is to be made. Liabilities may exceed $300,000 and no assets statement has yet been provided.
MENTIONED IN THIS ARTICLE
Cincinnati
Charles E. Bultman & Co
Car Crash Sends Four to Greenport Ride After Night Escape
Cunningham escaped serious injury after a car at thirty miles an hour smashed through a high railing on approach to a bridge. He had earlier taken a ride with four men including three yachtsmen and a US cruiser sailor to Greenport, returning in a farmer's wagon.
MENTIONED IN THIS ARTICLE
Cunningham
Greenport
United States
Maine Steamship Bonds Payments Sparkholder Alarm
Bondholders question the New Haven control claim after a default on the Maine Steamship Company's first iron golds. Charles S. Mellen cites “everything written off” as cause, while critics note prior earnings under New Haven ownership and suspect a covert buyout plan. Corn Exchange Bank stores say no instruction to pay August coupons reached.
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 on the Mines and Metal Shipments Across Regions
The Tri-Bullion Smelting and Development Company reports ten carloads of ore shipped from the Kelly mines in New Mexico in July. Howard Paschal, president, cites new ore bodies and efficient reduction works by Traylor Engineering, with 75 percent ore value saved by separation and 25 percent saved by light roasting and Ding separators. Utah Copper reports Garfeld plant startup in June with 6000 ton daily capacity, twelve sections of 0 tons each. Q2 copper production totals 11,548,390 pounds with $485,997 net mining profit and $36,497 other income. Twelve-month production reaches 33,118,409 pounds. prices used are 12.5 and 14.0 cents. Mexico-focused investors hire an American engineer to assess Mexico mining, competing with an English syndicate active in the region.
MENTIONED IN THIS ARTICLE
Tri-Bullion Smelting and Development Company
Kelly Mines
New Mexico
Howard Paschal
Traylor Engineering Company
Kelly
Utah Copper Company
Garfeld
Mexico
West to Seek State Regulated Coal Prices in Oklahoma
Oklahoma Attorney General West plans to petition the State Corporation Commission to set consumer coal prices from to per ton, asserting anti trust power to name receivers if coal companies resist. The action rests on a law section authored by West.
MENTIONED IN THIS ARTICLE
Guthrie
Okla
Oklahoma
West
State Corporation Commission
Insurance firms ordered to pay Kingston fire losses
After eleven months of litigation the insurance companies are compelled to pay insurance claims arising from the January 14 1907 Kingston earthquake fire. The Privy Council dismissed the appeals from Jamaica’s lower courts and upheld the decision. The amount involved is 4000000 dollars.
MENTIONED IN THIS ARTICLE
Kingston
Jamaica
England
Privy Council
Car Plunges From Mill Creek Bridge Near Greenport
A large touring car believed owned by Miss N T Scott of Shelter Island ran off Mill Creek bridge two miles east of Southold and fell 30 feet into the creek last night. Chauffeur Pained Cunningham and four male companions were hurt.
MENTIONED IN THIS ARTICLE
the Tribune
Southold
Long Island
N. T. Scott
Shelter Island
Mill Creek Bridge
Cunningham
Market Reactions Across Regions From Aug 4 Cattle and Hogs
Telegraph market notes show mixed results across Chicago Cincinnati Buffalo Kansas City and Pittsburgh with cattle slow to steady demand. Prices vary by region and class including steers cows heifers bulls calves and stockers and feeders. hogs show steady to higher in some areas and lower in others. sheep and lambs also show variable moves with some regions reporting weak demand while others see steadier quotes.
MENTIONED IN THIS ARTICLE
Chicago
Geneses
Cincinnati
Ene
East Buffalo
Texas His
Texas
Union
Pittsburg
Also Mentioned on This Page
Commerce
Albert E. Henschel
Ihels
Ladespria
Anna
State Banking Department
Bane Secenawenebe
Biaclaienen Aoe
Sreb Arype
Sbaekin
Stolgins'a Eine
Salete
People of
Broadway
Times Square
Madison Avenue
59Th Street
Court Street
Mechanics and Traders
Timberland Holdings
Trade Journal
Delaware, Lackawanna & Western Railroad Company
Coal Trade Journal
St. Paul
Union Pacific
Frgo
Bay State
Amalgamated
Thomas W. Lawson
Wall St
Maine Steamship Bonds
Kingston Fire
Telegraph
Canadian Pacific
Colorado & Southern
Denver & Rio Grande
Chesapeake & Ohio
Colorado Midland
Saints
Grosa
TSO Inc
Railroad Dept
Railroad Department
Inc
Trust and Surety
Clinton Gilbert
Arked. Law Mtge
Alliance Realty
A Law
Nat Surety Co
Nylyia&it
Columbia
Mtg & Sec
Commonwealth
Trust Co
People's P Empire Tr Co
Neens County
Equitabl & T
Farm LL
Standard Trust
Flatbush
Gr & Tr
Franklin
Fulton Trust Co
Fidelity T Co
Guaranty
Casey Guardian Hamilton
Wastgatces
Hudson Realty
van Norden Hudson
Kkg Corp
Westchester
Kings County
WaesTeMco
Windsor
Lafayette
Lt & Tr
Jackson Gas
Kan City Gas
Lafay Gas
L& W Va
Bingham G
Buffalo Gas Saece
Y & ER
Pg&co
Ohio & Ind
Paterson & P G
Pitts
Denver Gas
ST Standard
St P Gcm
ING & Oss
St Paul Gas
Indianapolis
Syra G
Syra St & P
Brooklyn Ferry
10Th & St
Union Ferry
Askec
Temiskam
Cobalt Central ST Ac
Cobalt Lake
Ova Scotia Coniagas
Crown Reserve
Peterson Lake
Red Rock Foster
Meehan, i
Kerr Lake
Iteers Little
San Francisco
Hale & Norcross
Andes
Kentucky
Belcher
Bullion Best & Belcher
Eccaes
Occidental
Caledonia
Ophir Challenge
Savwees Chollaricher
Sierra Nevada
Cal & V
St Louis
Crown
Utah
Gould & Curry
Yellow Jacket
Eeesare
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