Transfer Confusion Grips City Crosstown Cars
Great confusion on 69th street crosstown routes as transfers between Central Park North and East River lines were abolished by Metropolitan order. Passengers paid cash fares, protests rose, and few transfers were printed leaving Belt Line conductors busy. Authorities and shopkeepers warn of business impact while a Public Service Commission hearing on 5th street service is held.
MENTIONED IN THIS ARTICLE
Gouth Street
Central Park
North & Best River Railroad Company
Howex
Core Wen Little
69Th Street
Waery
Metropoliten
Central Park, North & East River Railroad Company
19Th Street
United States Court
Smay
Columbus Circle
Lexington Avenues
59Th Street
Metropolitan
Th Street
58Th Street
Eighth Avenue
Madison Avenue
Bell Line
Belt Line
Goth Street
First Avenue
Tenth Avenue
George W. Linch
Linch
Metro
Broadway
Columbus Avenue
Sixth Avenue
Amsterdam Avenue
Sith Street
Ttate
5Th Street
38Th Street
Public Service Commission
Svih
Goestio
Amer
Second Avenue
Metro Politan
Manhattan
Railroad regulations revised announce August 1 effective
Public Service Commission of the 24 District releases revised railroad regulations governing freight tariffs and passenger fares. It permits railways under set conditions to issue round trip tickets for expositions with prior notice. Earlier rules allowed fairs to sell admission coupons with train tickets, while the fair coupon remains optional for the purchaser.
MENTIONED IN THIS ARTICLE
Alben
Als
Delaware & Hudson seeks consent to 50 million bond issue
Albany Aug 6 Delaware and Hudson representatives argued before the Public Service Commission for consent to a further 50 million bond issue under its first and refunding mortgage. The commission earlier approved 18.8 million and denied others including 4.665 million for United Traction and 2.5 million for Hudson Coal related advances. The company contends the Troy & New England acquisition secures a needed New York connection and the United Traction deal handles local traffic. coal property plans hinge on Hepburn act rulings. The commission reserved decision as legal counsel and officers testified, with several executives present.
MENTIONED IN THIS ARTICLE
Albany
Delaware & Hudson Company
Public Service Commission
United Traction Company
Troy & New England Railroad Company
Hudson Coal Company
Delaware & Hudson
Public Service Commissions
Troy & New England
New York, New Haven & Hartford Railroad
State Line
New
William S. Opdyke
Lewis E. Carr
E. B. Whitney
New York
Loree
Sims
Williams
Fasset
City to Lease Four East River Ferries in Six Month Trial
The Sinking Fund Commission authorized Dock Commissioner Spooner to lease four of five ferries between Brooklyn and Manhattan for up to six months. The lines run Broadway Brooklyn to 2nd Street Manhattan, Broadway Brooklyn to Grand Street Manhattan, Broadway Brooklyn to Roosevelt Street Manhattan, and Grand Street Brooklyn to Grand Street Manhattan. The move, under a new law effective October 1, shifts loss risk to the city with fares adjustable by the Docks Commissioner.
MENTIONED IN THIS ARTICLE
Sinking Fund Commission
Spooner
Manhattan
Brooklyn
New York Terminal Company
Broadway
2Nd Street
Grand Street
Roosevelt Street
Brooklyn Ferry Company
Terminal Company
42D Street
Metz
FREAK INSURANCE MEN WARNED
Daniel T. Gordon of the New York Insurance Department warns that Lloyds of London agents soliciting or accepting insurance against Bryan's election may face prosecution under state law. Examiners found firms violating capital, bonds, and reporting requirements. about six Lloyds entities were investigated and most referred to the Attorney General for action.
MENTIONED IN THIS ARTICLE
Daniel T. Gordon
Insurance Department
Lloyds of London
Bryan
New York
Lloyds
Gordon
Examiners Train and Fund
State Insurance Department
Jackson
New Officers Named for Eagle Savings and Loan of Brooklyn
Announcement of new Eagle Company officers follows arrests of former leaders Colonel Edward E. Britton and Frederick H. Schroeder for defalcations. Elwin S. Piper becomes president with Lewis H. Pounds as first vice president, George J. Jardin as second vice president, and Joseph Wood as secretary treasurer. Piper, the former first president, assures solvency and no impact from the recent misappropriations.
MENTIONED IN THIS ARTICLE
Eagle Savings and Loan Company
Brooklyn
Edward E. Britton
Frederick H. Schroeder
Elwin S. Piper
Lewis H. Pounds
George J. Jardin
Joseph Wood
Piper
Grain rate dispute stalls eastbound export trade
Representatives of the Trunk Line Association and steamship lines met at Liberty Street to press for a lower eastbound grain rate from Buffalo. Railroads refused to commit, arguing water carriers would retaliate. They cited a 5½ cent rail rate vs water routes at about 5 cents, noting competition with Georgian Bay to Montreal makes reductions unlikely.
MENTIONED IN THIS ARTICLE
Trunk Line Association
United States
Atlantic
Liberty Street
Buffalo
Montreal
New York
Philadelphia
Boston
Baltimore
Produce Exchange
Georgian Bay
Texas Freight Rates Debate Moves To Tomorrow
Washington discussions on proposed Texas rate hikes extend to tomorrow with Interstate Commerce Commission officers and Texas Oklahoma officials. Mayfield and Love seek an order delaying enforcement until a formal complaint and hearing determine reasonableness. Rates become effective August 10, jurisdiction questions loom over potential injunctions and reversals by federal judges.
MENTIONED IN THIS ARTICLE
Washington
Texas
Knapp
Interstate Commerce Commission
Clements
Senator Culberson
Allison Mayfield
Rail Road Commission of Texas
J. E. Love
Railroad Commission of Oklahoma
Claude Pollard
Oklahoma
Messrs
Mayfield and
Love
Commission
United States Circuit
Pardee
United States District Court
Speer
Georgia
Harriman Denies Gould Property Control Talk
Ogden dispatch states Edward H. Harriman, passing through on his way to Oregon, denied seeking control of Gould railroad properties. He noted rumors exist but claimed no dealings with Gould holdings and said his involvement was limited to a prior indebtedness by the system he controls. He also asserted Taft or Bryan would not change railroad policy on law violations.
MENTIONED IN THIS ARTICLE
Miss Vinson
West 126Th
Lexington Avenue
58Th Street
Gerard
C. L
East 39Th Street
Hanna
Fier
Taxicah
Salt Lake
Ogden
Edward H. Harriman
Oregon
Gould Railroad
Hoffstot denies Pittsburgh order for 10000 cars
F N Hoffstot president of the Pressed Steel Car Company denied a Pittsburg dispatch claiming an order for ten thousand cars from the Gould and Harriman lines. He stated no such order had been received and the report had no foundation.
MENTIONED IN THIS ARTICLE
F. N. Hoffstot
Pressed Steel Car Company
Pittsburg
Gould and Harriman Lines
Grain Rate War Threatened by Chicago & Great Western
Chicago August 6 The Chicago and Great Western Railroad files tariffs to equalize grain rates between Omaha Chicago and Omaha St Paul for shipments from west of the Missouri River The new rates cut eight to ten cents from previous 11 12 cent charges Across Missouri Pacific and Burlington territory they compare with local rates via Omaha Officials say a broader rate war may follow as other lines anticipate the move
MENTIONED IN THIS ARTICLE
Chicago
Chicago & Great Western Railroad
Omaha
St. Paul
Missouri River
Missouri Pacific
Burlington
Great Western
Investment pitch proclaims coming bull market ad campaign
A speculative advertisement urges immediate stock purchases with bold claims of a forthcoming global campaign. It cites past price swings in Union Pacific Amalgamated Smelters and Bay State Gas and predicts dramatic rises, urging readers to buy now before advertised offers and stressing market signs and nationwide reach.
MENTIONED IN THIS ARTICLE
Union Pacific
Amalgamated
Bay State Gas
St. Paul
Yukon
First National
Trinity
Bay State
Roosevelt
Stephen Prosperity
Singer
P. S
Boston
New York
Philadelphia
Chicago
Canaea Yaqui River Pacific orders 28000 tons rails
W E Corey of United States Steel announced a big order from the Canaea Yaqui River and Pacific Railroad, a Harriman line, for 28000 tons of standard Bessemer rails to be rolled and shipped in August and September to Guaymas, Mexico. The move follows other large orders and signals improving steel demand.
MENTIONED IN THIS ARTICLE
W. E. Corey
United States Steel Corporation
Cananea
Six Bonded Warehouses Burned at Midway Kentucky
A large fire likely started by arson destroyed six Greenbaum Distillery bonded warehouses at Midway in Woodford County, housing 47 500 barrels of whiskey. It damaged cottages, a Southern Railway trestle and two county bridges, with property losses around 500 000 dollars and potential unpaid government taxes near 2 500 000 dollars. The blaze poured whiskey into Elkhorn Creek, igniting multiple structural losses as explosions were heard before the alarm. The Midway distillery, a major Kentucky producer, was owned by Morris Greenbaum of Louisville.
MENTIONED IN THIS ARTICLE
Lexington
Greenbaum
Midway
Woodford County
Southern Railway
Elkhorn Creek
Morris Greenbaum
Louisville
Big Meeting of Cloakmakers in Manhattan Lyceum
About five thousand cloakmakers filled the Manhattan Lyceum for a United Brotherhood of Cloakmakers meeting to discuss a general strike. Officers claim the gathering represented at least fifty thousand cloakmakers in New York as speakers urged strike action and a plan to leave final decisions to the executive committee with 50 percent unionization. Organizing committees will be sent out while women’s waist makers and smaller trades also prepare for strikes under the same push.
MENTIONED IN THIS ARTICLE
Manhattan Lyceum
East 4Th Street
United Brotherhood of Cloakmakers
New York
A. Weinberg
Philadelphia
Max Pain
Meyer London
Women's Waist Makers’ Union
Cotton Mills Cut Wages Then Extend Work Week
In New Orleans on Aug 6 the Lane-Maginnis mills move to six days weekly starting Monday, with a 20 percent wage cut for 1700 workers, who largely voted to accept. Separately, Boston reports the National Association of Cotton Manufacturers will hold its 85th meeting at Saratoga Springs Sept 29 and 30 with special trains arranged.
MENTIONED IN THIS ARTICLE
Bay State
Boston
New York
Yukon
First National
Trinity
New Orleans
Lane-Maginnis Cotton Mills
Saratoga
National Association of Cotton Manufacturers
Saratoga Springs
Railroads watch Baltimore cases test carrier liability
Baltimore August 6 three Baltimore and Ohio passenger conductors were arrested on charges of carrying passengers free and will be heard by a U S commissioner on August 12. The cases may test how far railroad companies are liable for agents actions when they violate orders. All accused conductors are union members, obligated to defend against discipline.
MENTIONED IN THIS ARTICLE
Tribune
Baltimore
Baltimore & Ohio
United States
Trying to Settle Paper Strike In Watertown
Watertown New York August 6 P J Downey of the State Board of Mediation and Arbitration has been in the city two days trying to settle the dispute between International Paper Company and the papermakers union. Mills remain closed and no agreement seems reached. Three mills that did not strike, employing pulp makers, were closed this morning.
MENTIONED IN THIS ARTICLE
Watertown
N. Y
P. J. Downey
State Board of Mediation and Arbitration
International Paper Company
Papermakers’ Union
Union Bank of Brooklyn appoints Henry Ollesheimer as director
Edward M. Grout president of the new Union Bank of Brooklyn formerly the Mechanics and Traders Bank said Henry Ollesheimer president of the Metropolitan Bank will serve as a director and executive committee member. He also noted the court will be asked Monday to discharge the Mechanics and Traders Bank receiver and the institution will reopen within a few days.
MENTIONED IN THIS ARTICLE
Edward M. Grout
New Union Bank of Brooklyn
Mechanics and Traders’ Bank
Henry Ollesheimer
Metropolitan Bank
Union Bank
Grout
Missouri Pacific to reopen its locomotive shops
The Missouri Pacific Railroad issued orders to reopen locomotive shops in St. Louis Sedalia Fort Scott Atchison Ossawatomie De Soto and Baring Cross. The move will create employment for more than a thousand men.
MENTIONED IN THIS ARTICLE
Missouri Pacific
St. Louis
Missouri Pacific Railroad
Sedalia
Fort Scott
Atchison, Ossawatomie
de Soto
Baring Cross
U P Double Tracking Resumed Across Nebraska
Omaha news reports the Union Pacific Railroad resumes double tracking after a suspension caused by the financial panic. The initial 30 mile segment between Fremont and Columbus will complete the second track, extending 150 miles west of Omaha, with western Nebraska work to begin once the Fremont Columbus gap is closed.
MENTIONED IN THIS ARTICLE
Tribune
Omaha
Union Pacific Railroad
Fremont
Columbus
Union Peether
Nebraska
Notes of the Mines and North Butte Extension plans
Reports from Butte area mining firms describe a directors meeting to authorize 400000 in first mortgage 6 percent bonds with 200000 to be sold and 209000 kept in treasury for development. Milestones include new machinery, electric pumps, and optimism for profitability. other items note Colonel Greene’s land option in Western Chihuahua and Parrot Company shaft sinking progress.
MENTIONED IN THIS ARTICLE
Butte and Superior
North Butte Extension Copper Company
Colonel Greene
Chihuahua
Sonora
Mexico
Rains Reach Nebraska Boosting Grain After Drought
Heavy showers across Nebraska last night and today eased a drought impacting grain growth. The rain’s relief came as headlines noted in farming districts, offering temporary relief to crops facing moisture stress.
MENTIONED IN THIS ARTICLE
Omaha
Nebraska
Foreclosure Sale Clears Oshkosh Traction Property
Oshkosh Wisconsin property of the Winnebago Traction Company sold today for 80000 under foreclosure in the Trust Company of America case. Purchasers were Oliver C. Fuller Fred C. Best and Russell L. Smith of Milwaukee. The aim is to reorganize the company.
MENTIONED IN THIS ARTICLE
Oshkosh, Wis
Aug
Winnebago Traction Company
Trust Company of America
Oliver C. Fuller
Fred C. Best
Russell L. Smith
Milwaukee
Bankrupt Petitions Filed Against Several NYC Firms
Involuntary petitions were filed in the U S District Court yesterday against Morris L Peyser a retailer of wines at 152 Eighth avenue and A Rosen Son cloak and suit makers at 63 East 11th street with claims around 540 and 610 dollars respectively. Receivers were named Louis Dichtenberg and William S Creevey with bonds of 500 dollars. Liabilities and assets are given for Jacobson Barnett Jacobson at 830 Broadway with 12 281.61 liabilities and 2 925 86 assets including stock machinery and security holdings. Largest creditor is Fourteenth Street Bank with 5 472 dollars.
MENTIONED IN THIS ARTICLE
Morris L. Peyser
Eighth Avenue
Sonn Brothers Company
Adolph Aron
Louis Dichtenberg
Nto
A. Rosen & Son
East 11Th Street
Robert McBratney & Co
William S. Creevey
Jacobson, Barnett & Jacobson
Broadway
Fourteenth Street Bank
Foreign Bank Returns From London and Paris
London and Paris publish weekly Bank of England and Bank of France figures. The Bank of England shows reserves down and circulation up, with shifts in bullion, securities, and deposits, while the Bank of France records declines in notes, treasury and general deposits, and gains in gold with minor moves in bills discounted and advances.
MENTIONED IN THIS ARTICLE
London
Bank of England
Paris
Bank of France
Also Mentioned on This Page
Crosstown
Piet Avenue
54Th Street
McGowan
East 67Th Street
Avenue Line
Second
CITY
Eagle Company
Colonel Britton
R. R
Commerce Commission
Gould Deal
Harriman
Taft
Mr. Bryan
Chicago & Great Western
Thomas W. Lawson
Harriman Line
Railroads
U. P
B. M. Minzesheimer
Butte and New York Company
Butte, Mont
Miles
Calumet and Sonora Mining Company
Swansea
Wales
el Paso
Parrot Company
Little Mina
San Francisco
Esecee Ee Alpha
Kentucky
Andes
Hale
Taverane
Belcher
Best & Bele
Occidental
Ophir
Caledonia
Overman
Savage Cholar Ag
Belcher Confidence
Sierra Neva Coe Cal SY
St Louis - Eo Union
Foreign Bank Returns
R. L. Day & Co
Wall Street
Bost & Albany
USA
Fiedburg
Franklin
Old Colony
Granby
West End St Ry
Mass
Ewanse
Mohawk
Butte
Osceola
Tel & T Co
New Eng
Parrot
Quincy
Tamarack
US Smelters Co
Arcadian
Am Pneumatic
Sig Gas Atlantic Mi
Shannon Mi
Iss
Utah
Bingham
United Fruit
Frederic H Hatch
Sid
Am Coal P. Sid
Niles-Bem-P
Otis Elevator
Babcock
AP & F
Heck JJ
Charles D. Barney & Co
Broad Street
South 4Th Street
Am Cement
Lehigh Val R le Oo
Paws Unier
Lake Sup Corp
Welsbac
Lehigh Nav
Phila
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