Union Bank Reopens Under Grout Leadership
Clark Williams guides inquiry into Mechanics and Traders Bank collapse as Kings County District Attorney Francis X. McCaffry leads investigations. Several forged transactions involving bank figures are under review with a grand jury session slated for August 11. Williams says probe targets past actions, not current Union Bank operations.
MENTIONED IN THIS ARTICLE
Clark Williams
State
Williams
McCaffry
Ofgre
Union Bank
Mechanics and Trades
District Attorney’s Office
McCarrr
New York County
Kings County
Creditors to Help for Pillsbury Washburn Mill
Minneapolis and St Paul banks and creditors will appoint an advisory committee to assist the Pillsbury Washburn Flour Mills receivers. The panel includes A C Loring Crimes Pillsbury Albert C Cobb and other eastern bankers and New York brokers. Ancillary receivers were named for Minneapolis Northern Elevator Company with bond set at 150.8. Boston stockholders and London ties noted amid plans to keep mills running and manage debts.
MENTIONED IN THIS ARTICLE
Minneapolis
Aus
Pillsbury-Washburn Flour Mill Company
Minneapolis and St. Paul
F. A. Cham- Whain
Security Bank of
Mingeapolis
A. C. Loring
Crimes & Pillsbury
Albert C. Cobb
Charles Hethawar
Charles W. Foldes
Hatheway & Co
New York
Txe
Pillspery-Washburn
East
Middle West
Alfred F. Pillsbury
Ralph Whelan
London
America
Rothing
New Jersey
Massachusetts
Charles 8S
Pillsbury
Pillsbury-Washburn Flour Mills Company, Ltd
Judge Purdy
United States
Charles K. Amsden
Henry F. Douglas
Minneapolis and Northern Elevator Company
Minne- Splice and Northern Elevator Company
Minnesota
North Dekate
Pillsbury-Washburn
Railroads Likely Won’t File Higher Rates Soon
Rail traffic officials doubt the planned ten percent freight rate rise will go into effect soon. Shippers and public education efforts continue while schedules may not be filed for some time. Opponents among manufacturers push for broader review amid crop optimism and a Texas complaint.
MENTIONED IN THIS ARTICLE
Lkely
Trunk Line Association
Texas
Tlinois Manufacturers’ Association
Chicago
W. C. Brown
New York Central
Brown
Mr. Brown
Interstate Commerce Commission
Standard Oil Interest Plans Transfer of Smelters Stock
The Tribune reported last week Standard Oil interests have accumulated 2000 shares of the American Smelting and Refining Company. The stock would be transferred this week to individuals tied to Standard Oil, with brokerage houses and The Wall Street Journal cited as authority. The Guggenheims no longer hold a majority but may hold some stock, while the Standard group is viewed as the largest holder likely to cooperate with the Guggenheims.
MENTIONED IN THIS ARTICLE
The
Tribune
Standard O1
American Smelting and Refining Company
Wall Street
Standard Oil
Wall Street Journal
Gugeenhems
Guggenheims
Railway to Hudson Bay survey party to chart routes
Winnipeg Aug 11 The first steps toward a Hudson Bay railway are set this week with a 100 man survey party from Winnipeg. Four squads will map routes via Church and Nelson River, choosing the cost effective path to Port Churchill and beyond as Parliament expects survey results in January.
MENTIONED IN THIS ARTICLE
Winnipeg
Hudson Bay
Church
Nelson River
Port Churchill
Northern
Saskatchewan River
Fort Neilson
Optimistic view of trade as 1897 ends
The Oil, Paint and Drug Reporter editors assert retailers will face a good year ahead. They cite surveys from leading firms across the country showing soundness in small distributing trade, with profits trimmed by prices but overall activity rising from late spring into summer.
MENTIONED IN THIS ARTICLE
United States
Ars
Times
Proportien
Mortgage Filed To Refinance United States Brewing Bonds
A mortgage for 1 500 000 dollars to Bankers Trust Company of New York by United States Brewing Company was filed in Newark. It covers Krueger Home Trast Hill and Hauck breweries to secure bonds of equal amount. The 6 percent issue matures July 1, 1828. The bonds will repurchase stock held by a syndicate of English capitalists, restoring American control of the breweries.
MENTIONED IN THIS ARTICLE
Bankers’ Trust Company of
New York
United States Brewing Company
Newark
Krueger, Home
Trast, Hill and Hauck
Buffalo
Rochester & Pittsburg
Am Cigar Co
Canadian Pacific
Am Te & Te Co
Coast Line R
Ches & Ohio Ry
Colorado
Southern Chio
P Ry
Chi & W
Ind R
Consolidated Gas Co
Interborough
Denver
Rio Grande
Lackawanna Steel
Iowa Central
Lsh& Marr Spe
Louis & Nash R
Nh& Harsgppsc
Norfolk & Western
Texas & Pacificenn
Pub Ser Corp
Stlme&se
T. St L& SF RR
Wabash Seaboard
Southern Ry
Ann Arbor
Tidewater Co
T’ & Rubber Co
Jane
West’'h Blec & Mfg Co
Detroit
Toledo & Ironton
Chicago
Commonwealth Faison
Chicago Telephone
Swift & Co
People's Gas
Illinois Brick Cteres
Sears- Roebuck
Euro Cesses
Clinton Gilbert
Wall Street
Alliance Realty
Od Law Pix Co
Manhattan
Broadway
Mercantile
Brooklyn
Metro Htan
Carnegie
Mtge md Co
Cas Co
Morton Canadian Pactfic
Central
Mutual
Cent Rity Co
Mutual Alliance
The
City
Empire Tr Co
People's
Equitable
Queens County
Asaoc
T C
Standard Trust
Flatbush
Title
G & T Co
Franklin Trust Co
Fulton
Anabe
Fidelity
United States
Guaranty T Co
Uas Co
Guardian Abm &T Co
Pension Fa
Statin
Hamilton Wees
USTG
ICo _ Home Tr
Ven Norden Oo
Av. Ee Ae
Huas
Hudston Realty
Washington
Hudson Tr Co
Westchester
Beg Corp W&bt&mco
Kings County
Windsor
Knickerbocker
Weeee
Montly
Lafayette
Receiver appointed for Cuba Eastern Railroad Company
Vice-Chancellor Walker appoints W Harris Roome of New York as receiver for the Cuba Eastern Railroad, a New Jersey corporation. The court sets August 25 to show cause why the receivership should not be made permanent. The company, with operations from Roqueron to San Fre and San Pre to San Luis, faces solvent status claims amid past debts and a 99 year lease. A protective committee previously funded bond coupons for up to two and a half years from March 1, 1908, but no reorganization has emerged.
MENTIONED IN THIS ARTICLE
Tribune
Trenton
Walker
W- Harris Roome
New York
Cuba Eastern Railroad Company
New Jersey
Henry King Sturdee
Saugerties
N. Y
William B. Hatch
Arrochar
The
Cuba Eastern Railroad
Roqueron
Cuba
Guantanamo
San Fre
Cuba Hardwood Company
Northeastern
Benjamin P. Cheney
Stock Market Tales of Riches and Panics
The text contrasts the Few who gain hundreds of millions from the stock game with the Many who struggle to access their dollars. It recalls October’s panic when farmers could not withdraw funds to move wheat while Rockefeller and Morgan could seize hundreds of millions to buy back stocks cheaply.
MENTIONED IN THIS ARTICLE
Armers
Rockefeller
Morgan
The System Masters and the Bay State Company Plot
Boston August 12 1908 advertisement outlines a decades long plan to control the Bay State Company Delaware corporate charter to seize state banks and trusts and fuel a national financial plutocracy via Standard Oil Rogers Rockefeller Addicks and possible copper industry consolidation. The account details battles with the Bay State Company receivers and a pivot to a proposed remedy to empower the people against financier plunder.
MENTIONED IN THIS ARTICLE
Roosevelt
Equitable Life Assurance Society
Tom Ryan
Standard Oil
Bay State Company of Delaware
J. Edward Addicks
Delaware
Addicks
Rogers
Bay State
New York
Bostom
Amalgamated
Amalgamated Copper Project
Bay State Company
Rogers and
Rockefeller
Bayate Company
Pennsylvania
Massachusetts
Pillar
Post
America
West Gate
Lawson on the stock game and elections
Thomas W. Lawson argues that the stock market will not calm over the next four years regardless of the political outcome. He asserts stock exchange activity will continue to milk the public of savings, noting price movements will swing with each presidential scenario from Bryan to Taft.
MENTIONED IN THIS ARTICLE
Cleveland Democratic Times
McKinley
Bryan
Hisgen
Debs
Taft
Silver hits record low amid weak demand and hopes for revival
Commercial bar silver fell further yesterday to a new low not seen since 1908. Demand from India and China shrank due to crop failures and slow trade, with arts purchases also muted. Analysts see a temporary downturn, expecting improvement if India crops turn good and if Germany resumes silver coinage, which could lift prices.
MENTIONED IN THIS ARTICLE
India
China
Reichstag
Equity suit seeks sale of coal properties in Washington County
The New York Trust Company files an equity suit in County Court seeking a judicial sale of coal properties in Washington County to satisfy a $1,600,000 mortgage held by the plaintiff. The petition alleges interest on the bonds issued to secure the mortgage has not been paid and names Jutte & Co. of Pittsburg as defendants.
MENTIONED IN THIS ARTICLE
Washington, Penn
New York Trust Company
Jutte & Co
Pittsburg
Petiioners
Treasury balance report shows reserves and fund totals
The Aug 1 balances list reserve fund gold coin and bullion at 150 million, trust funds to redeem outstanding certificates at 823 million, silver dollars 1,915,890,800, general fund 180,358,015, and national bank deposits in the Philippine Treasury 6,260, with items awaiting reimbursement and other entries.
MENTIONED IN THIS ARTICLE
Washington
Philippine
Boston Wool Market Shows Gains on Fleece Wools
The Boston wool market reports improvement with stronger demand for fleece wools and rising orders from manufacturers. Transactions include an Oregon staple sale at 18¢ and several sizeable contracts, reflecting improved activity across regions including Ohio, Pennsylvania, Michigan, and California with varied quoted prices for merino, delaine, and blood wools.
MENTIONED IN THIS ARTICLE
Boston
Ohio
Oregon
Pennsylvania
Delaine
Michigan
Wisconsin
New York
Kentucky
Indiana
Missouri
Texas
California
Middle County
Southa Vis
Saarery
Eatra
European produce markets Liverpool August update
Spot wheat and corn show firmness and strength in prices with No 2 red Western winter and prime American corn quoted, while futures stay steady or quiet. Hops, beef, ham, bacon, lard, cheese, tallow, turpentine, oils, and seed oils list diverse steady or firm levels across London and regional markets, reflecting cautious demand and steady supply.
MENTIONED IN THIS ARTICLE
Liverpool
California
London
Pacific Coast
India
Western
Bacon—Cumberland
Steaey
Senanen
Chicago Grain and Provisions Market Close Rally
Active cash grain demand spurred a strong rally with wheat ending near the day’s top, corn up modestly, oats down, and provisions firm. Sept wheat rose to around 89 to 90, with continued support from strong cash demand and harvest weather. receipts and Bradstreet a rise. Corn was mixed with gains in September amid congestion. oats weakened. Lard and ribs rose slightly, with overall firm tone in stock yards. Estimated tomorrow’s receipts include wheat 163 cars, corn 77 cars, oats 181 cars, hogs 24,000 head.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
South Dakota
Canadian Northwest
Kansas City
St. Louis
Gee
Mac
Msc
Myc
Bradstreet’s
Minneapolis
Duluth
Also Mentioned on This Page
YEW Bank
District Attorney's Office
Pillsbury, Company
Aug. Il
Pillsbury-Washburn Flour Company
Standard Oil Party and Smelters
Journal of Oil, Paint and
Newark Breweries
R. R
Jersey
W. Harris Roome
Thomas W. Lawson
Foreign Government
Col
Man
Id Bay
Augs
Id Hess
Rake
Vien
S. OH
HI Haml
Ber
Federal Treasury
Swartwout & Appenzellar
Pine Street
Chicago Grain and Provisions
Jackson Gas
Kan City
L & W Valet
Bingnam
Lee Buffalo Gas
NY & E
Ohic
Ind
Pgec
Paterson & PG
Pitts
St Paul Gas
Ferry Companies
Brooklyn Ferry
Union
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