Baltimore & Ohio declares full common dividend amid earnings shortfall
Wall Street reacted to the Baltimore and Ohio Board declaring the regular semi annual 3 percent common dividend and the 2 percent yearly surplus despite earnings falling short by about $18 million. The move was credited to E H Harriman who argued to preserve dividend levels while foreseeing a rebound.
MENTIONED IN THIS ARTICLE
Wall Street
Baltimore & Ohio Railroad
E. Y. Harriman
Harriman
Baltimore & Ohio
the & Ohio
Mr. Harriman
Oscar G. Murray
James Stillman
James Speyer
Samuel Rea
Norman B. Ream
E. R. Bacon
Joseph R. Foard
R. B. Keyser
George F. Randolph
Ripley Sees Good Business From Railroads After August
E P Ripley president of the Atchison says crops in the road territory prosper and that Midwestern earnings should rise from August 1 to January 1, though last year's period may show heavy losses. He notes rail rates and wages need relief for safety and progress and questions broad rate cuts. He suggests uneven rate increases on specific commodities rather than a blanket 10 percent rise.
MENTIONED IN THIS ARTICLE
E. P. Ripley
The
Atchison
Road
Middle West
Ripley
Brown
New York Central
Creditors Name Trustee for Coster Knapp Co Liquidation
Creditors of Coster, Knapp & Co. met at Peter E Olney's office to elect a trustee. William A. Ge Long, a retired merchant, was chosen to administer the affairs as claims totaling about 1.5 million dollars were filed. Major creditors included Henry Breaker, William Littue, and William Kittridge seeking sums for cash advances and securities conversions. Mrs Anthon may file a 280,000 dollar claim. Rumors linked the C. C. ani, EB account to a fictitious account for the late Mr. Coster’s creditors.
MENTIONED IN THIS ARTICLE
Coster, Knapp & Co
Peter E Olney
William Street
William A. Ge Long
Iiin
Henry 3
William Lit‘tue
William Kittridge
Anthon
C. C. Ani
Mr. Coster
Public Record Hurdles Cincinnati Hamilton Dayteen Railroad
Report notes the Cincinnati Hamilton and Dayton Railroad faces dismemberment and other roads are viewed as unlikely by interests tied to the property. Investors say mortgages and obligations complicate any plan, and protective committees are expected to push more aggressive action to secure a resolution.
MENTIONED IN THIS ARTICLE
Cincinnati, Hamilton & Dayteen
Glass price advance planned by U S manufacturers
Cleveland July 2 an advance of 10 and 20 per cent in glass prices was decided by U S manufacturers, announced by GW Morenus president of the association. Prices had dropped 28 per cent in the last months, nearly freezing production. The rise aims to cover increased demand and allow some factories to reopen.
MENTIONED IN THIS ARTICLE
Cleveland
United States
Morenus
People's Line Adopts Wireless Telegraphy on Hudson Steamers
The People's Line vessels between New York and Albany on the Hudson River will use wireless telegraphy via the United Wireless Telegraph system on the steamers C. W C and Adirondack. Three wireless setups will enhance signaling and passenger communications.
MENTIONED IN THIS ARTICLE
People's Line
New York
Albany
Hudson River
C. W C
Adirordack
United Wireless
Bond Issue Approved for Delaware & Hudson Mortgage and Bonds
The Public Service Commission of the 2d District approved a $50,000,000 mortgage and $26,500,000 bonds for the Delaware & Hudson company to refinance existing obligations. The decision limits certain advances to Canadian extensions as capital, sets a 4 percent maximum interest, and authorizes bond sales totaling about $13,276,000 with a 5 percent sales allowance. Commissioner Martin S. Decker notes the need to prove capitalization propriety for certain items and outlines conditions for exchange and redemption of bonds.
MENTIONED IN THIS ARTICLE
Public Service Commission For
2D District
Martin S. Decker
Delaware & Hudson Company
Delaware & Hudson
Adirondack Railway
Delaware & Hudson Properties
Schenectady & Duanesburg Railroad
Delaware & Hudson Propertes
United Traction Company
Troy & New England Railway Company
Hudson Coal Company
Coal Corporation
Delaware 4
Hudson Company
Decker
Canada
Commission
Figure is of call o Capital decreased
Figure appears to show a call option or financial figure with a note that capital decreased. The fragment hints at market notation and possible decline in invested funds. The readable text is limited, offering no clear names, dates, or entities.
Call It Unlawful Rebate In Rail Freight Case
The Interstate Commerce Commission orders Union Pacific Railroad to stop paying any grain elevation allowances to Peavey & Co for grain received at Kansas City and Council Bluffs or for grain in which Peavey has ownership or interest not reshipped within ten days. The ruling labels the practice an unlawful rebate and cites advantages enjoyed by Peavey in their contracts.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Union Pacific Railroad Company
Peavey & Co
Kansas City
Council Bluffs
Peavey Company
Chicago Board of Trade
Subpoena greeted P A B Widener on arrival in New York
Peter A B Widener, Philadelphia traction man and Metropolitan Securities board member, reached New York aboard the White Star from Southampton. He is to testify in the Metropolitan Street Railway receivership case. Also aboard were Dr William J Holland of the Carnegie Museum, and figures tied to Andrew Carnegie.
MENTIONED IN THIS ARTICLE
United States Circuit Court
Peter A. B. Widener
Philadelphia
New York
Southampton
Widener
Metropolitan Securities Company
Metropolitan Street Railway
Adriatic Company
William J. Holland
Carnegie Museum
Pittsburg
France
Germany
Andrew Carnegie
Holland
Falligres
Legion of Honor
Carnegie
South Kensington Museum
England
High Pressure Service In Fire Test At West 24th Street Stable
New York high pressure salt water mains proved their worth in a three alarm fire that started yesterday morning in a stable at West 24th Street. The line of hose and hydrants along Ninth and Eleventh Avenues held back the blaze which endangered the block. The fire destroyed the upper floors and rear of the stable at 531 to 535 West 24th Street, with fifty horses rescued. The damage is estimated at $50,000 and traffic along the street was disrupted for hours.
MENTIONED IN THIS ARTICLE
New York
West 24Th Street
25Th Street
E. B. Newman
James J. Duffy
Patrick Conden
William McCullough
Ninth End
Eleventh Ave
Duffy
Eleventh Avenue
Croker
CUT ERIE OUT OF PITTSBURG
Pittsburg reports a deal among the Vanderbilt system and the Pennsylvania Railroad to exclude the Erie Railroad from traffic in the Pittsburg district. They have bought the Lake Erie and Pittsburg Railroad for 5 million dollars, with 2.5 million paid to contractors Kennefh and Carter and 2.5 million for the Kent to Lorain line. The Vanderbilt firms currently route lake traffic from Pittsburg via Erie from Youngstown to Cleveland. The new line has been surveyed secured and some grading done.
MENTIONED IN THIS ARTICLE
The
Tribune
Pittsburg
Vanderbilt Railroad System
Pennsylvania Railroad Company
Erie Railroad
Lake Erie
Ohio
Pennsylvania Company
Kent
Lorain
Vanderbilts
Youngstown
Cleveland
Marine Intelligence Miniature Almanac Preview
The item lists daily celestial times and high water marks for Sandy Hook and Gov Island with tide details and wireless reports. It notes Lusitania Kaiserin Auguste Victoria Cedric and California positions relative to Sandy Hook with expected docking times early morning or Sunday morning.
MENTIONED IN THIS ARTICLE
Sandy Hook
Gov. Island
Hell Gate
TV. M
Sable Island
Cedric
Sandy Hool
California
Westinghouse Contracts Signal Record June Business
Telegraph report notes numerous new contracts secured by Westinghouse hire firms. Business activity rose by about ten percent from May. In June orders for electric and machine booked surged, with total contracts reaching a high mark compared with Pittsburgh figures.
MENTIONED IN THIS ARTICLE
Telegraph
The
Tribune
Westinghouse
Pittsburg
Insurance saves big loss on waterfront fire at Boston
A waterfront fire in Boston destroyed nearly a quarter of four miles of shoreline causing a total loss of about 1510. Insurance will cover most of the damage as marine and fire policies respond under clauses protecting merchandise at the wharves. The Boston and Albany Railroad reported 1 million dollars of property destroyed, including two Cunard Steamship Company piers and a grain elevator. Botton, July 9.
MENTIONED IN THIS ARTICLE
East
Boston
Boston & Albany Railroad
Cunard Steamship Company
Botton
Noted hairdresser murdered in New Orleans
The body of famed hairdresser Alphonse Durel was found in a rear of a Bourbon Street shop at 219 in an alleged murder scene. A bloodied hatchet lay nearby, and Durel had long run a fashionable salon in the old French Quarter.
MENTIONED IN THIS ARTICLE
New Orleans
Bourbon Street
Durel
Alphonse Durel
Transpacific Mails Destinations and Schedule Details
The notice lists Pacific routes with destinations including New York Australia New Zealand Samoan Islands Fiji and New Caledonia via Vancouver and Victoria BC Marama. Hawaii Japan Corea China Philippines via San Francisco SLY period July 12 and July 18. Tahiti Marquesas via San Francisco Mariposa with August 1 6 30 pm schedule times.
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Australia
New Zealand
Samoan Islands
Fiji Islands
New Caledonia
Vancouver
Victoria
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Hawaii
Japan
Corea
China
Philippine Islands
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Tahiti
Marquesas Islands
Mariposa
Shipping News Summary of Atlantic Vessel Movements and Arrivals
Shipping news notes numerous steamers with origins from Britain Germany Norway and France arriving or leaving at the Bar and Quarantine between June and July. Vessels include Anglo Mexican Eugenia Antilles Orinoco Umbria Chesapeake Phenix Casilda Floride Adriatic Altai Mexican Jefferson Beacon Light Crown of Navarre Eanes and many others with passengers cargo and mail. Winds were light and reports list arrivals at various times alongside notes of noise and moise in several entries.
MENTIONED IN THIS ARTICLE
Anglo Mexican
Calvert
Sejillones
Pisagua
Montevideo
St Lucia
W R Grace & Co
Hotham Newton
Anderson
Cardiff
Philip Ruprecht
Ltd
Eugenia
Bohm
Venice
Palermo
Phelps Bros & Co
American Metal Co
New York
Porto Rico
Bar
Casilda
Smith
Buenos Ayres
Santiago
Compagnie Generale Transatlantique
Adriatic
Southampton
Cherbourg
Queenstown
White Star Line
Altai
Ger
Kirchoff
Port de Paix
Gonaives
Port Au Prince
Petit Goave
Mira—goane
Jeremie
Aux Cayes
Jacmel
Savanilla
Cartagena
Santa Marta
Inagua
Mexican
Bond
Halifax
Western Union Telegraph
Sandy Hook
Eanes
Pan
Colson
Baracoa
Cuneo Importing Company
N. J
Market data roundup from Liverpool on grain and meat prices
On July 9 in Liverpool the market showed steady futures for Wheat Corn and Peas, with spot prices for old American corn and Canadian peas steady. Winter wheat and flour patents quiet, hops steady, beef and pork submarkets firm, lard and soap fats firm, cheese supplies steady, tobacco firm, linseed oil steady, and other items like turpentine and rosin noted with small moves.
MENTIONED IN THIS ARTICLE
Liverpool
California
London
Pacific Coast
Reef
India
Rolin
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William Fellinger
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Archibald M. Pentz
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Arles M. Dutcher
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