Railroads Face Freight Rate Fight and Cut Pay Debate
A long dispute between shippers and railroads over a proposed 1 to 10 percent freight-rate hike roils New York Central and allied lines. Shippers argue wage cuts harm consumers while rails cite living costs. Industry figures warn of wider price rises and potential government mediation before October. Officials predict rate increases on groceries, flour, and canned goods, with disputes over classification changes and carload weights. The National Wholesale Drygoods Association vows to oppose the increase, while unions warn of broader economic damage from higher rates and wage cuts.
MENTIONED IN THIS ARTICLE
Sinces Association
Bonatore
New York Central Railroad
America
Interstate Commerce Commission
Brown
New York Central
New York
Brunswick
Gaihead
Illinois Central
Louisille & Nashville
Atlantic Coast Line
Cincinnati
Louisville
Memphis
Ohio River
Georgia
Alabama
Tennessee
Florida
Shippers Way
Ohio
Pegomac
Mississippi
St. Paul
Chicago
Milwaukee
Railrads
Douglas Dallam
Natdenal Wholesale Drygoods Association
Separate Receiver Sought for Metropolitan Street Railway
In a United States Circuit Court action, Bron n Winthrop for Morton Trust seeks appointment of a separate receiver for the Metropolitan Street Railway Company. The motion, joined by Guaranty Trust, targets partitioning control from current receivers Joline and Robinson. Masten notes a month to wind up accounts. Catchings criticizes the arrangement as unlawful fraud. The court reserved ruling on the main motion and on a separate request to place Metro property under the New York City Railway Company.
MENTIONED IN THIS ARTICLE
Ludge Lacombe
United States Circuit Court
Bron@n Winthrop
Morton Trust Company
Metropolitan Street Railway Company
Guaranty Trust Company
Arthur H. Masten
Benjamin Cxtechings
New York City Railway Company
Metro- Rihan Street Railway Company
New York By Railway Company
George W. Schurman
Tt Law Firm
Rounds & Schurman
Catchings
Lacombe
New York City
Winthrop
Metro- Deltan Street Railway Company
New Ciy Railway Company
Third Avenue Company
Su- Court of the United States
The
Wabash Railroad
Northern Pacific Railroad
Long Island
Metropolitan Railway Company
J. M'Cormack
Adrian H. Muller
William Street
New York Clearing House
Rudolph Kierbolte & Company
United States Mortgage and Trust Company
Detroit, Toledo and Ironton Railway Company
Rudolph Klesbolte & Company
Rudolph Kleyboite & Company
Rudolph Klernbolte & Company
Wheeling & Lake Erie Bondholders Form Committee
In view of the default due July 1 on the 5 per cent gold bonds of Wheeling & Lake Erie, a committee to protect holders’ interests has been formed by Frederick J. Lisman Wilherd eh Sidney Borg Evans RK Vick and John Do Howard of Baltimore at the request of many soldiers. The Columbia Trust Company is depositary and bondholders may deposit their bonds. William ang ttbure secretary. Rapmaniad Cohen Lavelle Gordon counsel for the committee.
MENTIONED IN THIS ARTICLE
Wheeling & Lake Erie
Frederick J. Lisman
Wilherd
Sidney
Borg
Evans RK. Vick
John Do. Howard
Baltimore
Cotemibia Trust Company
Willian Ang Ttbure
Broad Street
Rapmaniad Cohen
Lavelle & Gorden
No. 2 . Steel
Iue
City groups plan injunction to halt subway funding fights
South Brooklyn civic bodies led by the Fourth Avenue Subway League prepare to seek an injunction blocking all appropriations over 100 million dollars until Justice Blanchard’s debt limit referee resolves the issue. Lawyers Hudson McLaughlin and Wood will direct the action, with a noon meeting planned at 1 Nassau Street.
MENTIONED IN THIS ARTICLE
Jefferson M. Levy
Fourth Avenue
Metz
Fourth Avenue Subway League
West End Board of Trade
South Brooklyn
Justice Blanchard
Frank Hudson
A. G. McLaughlin
M. W. Wood
Lasyyers
Delaware & Hudson Sells Bonds At High Price
The Delaware and Hudson Company announced the sale of 13.398 million of new 4 per cent first and refunding mortgage bonds to Kuhn Loeb and Co and The First National Bank. Bonds sold at 92 plus accrued interest, largely purchased already. Proceeds to fund heating debt from additions and improvements.
MENTIONED IN THIS ARTICLE
Delaware & Hudson Company
Kuhn, Loeb & Co
First National Bank
Public Service Commission
The
2D District
Delaware & Hudson
Pennsylvania
Union Pacific
New York
New Jersey
Massachusetts
Connecticut
Outlook Good Says Speyer On Business Revival
James Speyer of Speyer & Co. cited improved financial conditions and growing confidence as a basis for a steady return to normal business. He predicted Taft’s probable election would not unsettle markets, noted fair crop prospects, easier credit, and hoped fewer idle cars and unemployed by his return in a few months.
MENTIONED IN THIS ARTICLE
James Speyer
Speyer & Co
Taft
Mr. Bryan
Wall Street
Coal trade sound shows mixed June 1908 rail results
Over the last six months anthracite roads ran heavy tonnage with May gains in net earnings. June saw declines led by Reading down 393 711 tons from 1907. Delaware Lackawanna Western and Erie Lehigh Valley Ontario Western posted gains. Pennsylvania Railroad suffered a large gross loss but cut expenses to limit net decline.
MENTIONED IN THIS ARTICLE
Delaware, Lackawanna & Western
Erie
Lehigh Valley
Ontario & Western
Reading
New Jersey Central
Delaware & Hudson
Pennsylvania
Pennsylvania Railroad Company
Jersey Central
National Deposit Bank Closed in Philadelphia
The National Deposit Bank of Philadelphia was closed by order of the Controller of the Currency. Milton C. Elliott named receiver after an examination found reserve violations and a weak overall condition. The bank, organized three years ago, failed to maintain 25 percent reserve and did not join the Clearing House. Directors offered little explanation beyond poor business and deposits drawn down amid low market sentiment.
MENTIONED IN THIS ARTICLE
Washington
National Deposit Bank of Philadelphia
Milton C. Elliott
National Bank
William M. Hardt
United States Treasury
Philadelphia
National Deposit Bank
William N. Hardt
Philadelphia Clearing House Association
Provisions Fall as Chicago Market Slumps
Provisions especially pork declined sharply in Chicago on July 14 as prices fell 27 percent to 7 cents, amid an overbought market. Buyers and sellers tripped stop orders, causing a broad downturn with September pork dropping from 16 seven to 15 eight, while lard and ribs also posted sizable losses. Packing houses led the selling as demand remained weak until commission houses absorbed offerings on resting orders.
MENTIONED IN THIS ARTICLE
Chicago
Judge Palmer resigns as Northwestern Mutual president
Milwaukee July Judge Henry L Palmer long time head of the Northwestern Mutual Life Insurance Company tendered his resignation as president at the annual board meeting this afternoon. The move came without prior notice to the trustees or other officials.
MENTIONED IN THIS ARTICLE
Tribune
Milwaukee
Wis
Henry L. Palmer
Northwestern Mutual Life Insurance Company
Board of Trustees
Palmer
Marine Intelligence Mini Almanac For Coastal Waters
The almanac lists sun and moon times, high tide forecasts for Sandy Hook and Governor's Island, and wireless reports noting the Altonia and Carmania positions relative to Sandy Hook. It forecasts the Carmania and likely another ship docking around 7:30 tomorrow.
MENTIONED IN THIS ARTICLE
Sandy Hook
Gov. Island
Hell Gate
Altonia
Carmania
Belt Line Elects Officers for Central Park Rail
The Central Park North and East River Railroad Company board met at Guaranty Trust Co New York. James A. Macdonald was elected president. Alexander J Hemphill was named secretary and treasurer. Executive committee members include Joan W Castel Ellis Ames Hallard George Coe and George W Linch. Henry Thompson of Thompson Vanderpoel and Freedman was chosen counsel.
MENTIONED IN THIS ARTICLE
Central Park, North & East River Railroad Company
Guaranty Trust Company of
New York
James A. Macdonald
Alexander J Hemphill
Guaranty Trust Company
Joan W. Castel
Ellis Ames Hallard
Filiadelphia
George §. Coe
George W. Linch
Henry Thompson
Thompson, Vanderpoel & Freedman
Ships and routes for trans-Pacific steamer sailings
A list of maritime departures and itineraries with multiple lines and dates. Vessels include Tyo Maru Alamada La Franciaco Lord Sefton America Marua Empress of Japan US Transport and Mariposa. Routes cover Hawaii Japan Corea China Philippine Islands via Seattle San Francisco Vancouver Victoria BC Tahiti Marquesas Islands New Zealand Australia Samoan Islands and New Caledonia with schedules around late July.
MENTIONED IN THIS ARTICLE
New York
Japan
Corea
China
Philippine Islands
Seattle
Hawaii
Philipine
San Francisco
la Franciaco
Alameda
Seattley
Shawnut
New Zealand
Australia
Samoan Islands
New Caledonia
Lord Sefton
Correa
America
Marua
Philippine
Ands
Vancouver
Victoria
Se’ Lee Piesa
Guam
Tahiti
Marquesas Islands
Mariposa
Appraising Allegheny Bank Assets in Pittsburgh
At the direction of State Treasurer John O. Sheatz Charles McKnight a prominent banker is appraising the assets of the Allegheny National Bank which recently failed for about two million dollars through alleged irregularities of the cashier Within Montgomery. The examination aims to support a plan by bank officers to pay the entire state deposit over zero if securities can be realized.
MENTIONED IN THIS ARTICLE
Pitusburg
John O. Sheatz
Charles McKnight
Allegheny National Bank
Montgomery
Halt Attack on Cleveland Traction
Cleveland voters faced a bitter council debate as the city nearly postpones indefinitely a special election on the validity of the transfer of Cleveland Electric Company property to Municipal Tract ion Company under the new state referendum law. The action centers on the transfer and theMayor and council debate its legality and implications for the city’s transit future.
MENTIONED IN THIS ARTICLE
Cleveland
Cleveland Electric Company
Municipal Traction Company
Shipping News Arrivals and Sailings at Sandy Hook Harbor
Shipping news lists vessels arriving at or leaving Sandy Hook and port entries during July. Captains A F Lucas Rubelli and Stuparich's steamer Alice show passengers, cargo, and quarantine details. Multiple ships depart to or from Bremen Southampton Cherbourg and Port Antonio with cabin and steerage counts and moise.
MENTIONED IN THIS ARTICLE
A F Lucas
Rubelli
S O & No 95
Hamburg
Philip Ruprecht
Bar
Alice
Stuparich
Trieste
Pat- Tras
Palermo
Phelps Bros & Co
Vale
Thompson
Boston
Metropolitan Ss Co
Alamo
McIntosh
Galveston
Key West
Mallory Ss Co
Vincenzo di Giorgio
Nor
Jacobsen
Port Antonio
Atlantic Fruit Co
Bremen
Ger
von Borell
Southampton
Cherbourgh
Oelrichs & Co
Mdise
Fire Island
City of
London
Atlantic Transport Line
F Tietgen
Dan
Thomsen
Copenhagen
Christiana
Christiansand
Finch, Edge & Co
Moise
Kaiser Wilhelm II
Cuppers
Southamptonsand
Transatlantic Passenger and Vessel Movements Summary
A list of ships and routes with calls at New York and other ports dated July 11 to July 14. Vessels include Kronprinzess, Brasile, Risley, Glendhu, Glenlee, Kobe-like liners, and steamers to Liverpool Plymouth Cherbourg Hamburg Hong Kong and Sydney. Movements show departures via Plymouth Cherbourg Naples Naples via St Vincent Co Fremantle Table Bay and Aden with New York as common destination.
MENTIONED IN THIS ARTICLE
Majestic
Southampton
White Star
Ponce
Tees
Porto Rico
Rpr Altonia
Eecee
Gibraltar
Cunard Bayumo
Osee
Ward Bremen Staee
Progreso
Fremen
Lloyd
R Grenville Huelva
Dagtred Curacao
Mall
Aim
Lusitania
Liverpool
Cunard
Marannense Para
Ona
Altai
Inagua
Hamburg-American
Siegmund
Barbados
Hamburg-Am
Alier
St Kitts Tees
Rynda
Bremen
Carpathia
Naples
Mard
Arapahoe
Jacksonville
Clyde
City of Savannah
Savannah
Pring Witlem IV
Haiti
Harald
Rotterdam
Gansae Bayan
Tam
Ward
Monroe
Norfolk
Old Dominion
Queenstown
Lucania Bro
New York
Plymouth
Pretoria
Ger
Cherbourg
Hamburg
Kronprinzess
Cecille
Montevideo
St Quentin
Antwerp
Finland
Dover
Rio Janeiro
Rossetti
Aden
Singapore
Risley
Algiers
Penang
Table Ray
Glendhu
Brisbane
Glenlee
Table Bay
Fremantle
Melbourne
Janeta
Sydney- Adelaide
Kilkerran
St Vincent, Co
Nord America
Tral
Genoa
Palermo
Sagres
Indiani
Hong Kong
Amoy
Scilly
Phoebus
Tarifa
Perugia
Stable Car and Chit Canal Item Sparks Market Talk
A fragment from Chicago market notes highlights preferred stocks including American Telephone and Swift & Co along with Box Board and Edison related figures. The brief reference mentions Commonwealth Diamond Match and Edison parities with fractional percentages amid trading chatter.
MENTIONED IN THIS ARTICLE
American Chicago Telephone
Chicago Grain and Provisions Market Weakens on Profit Taking
Profit taking swept Chicago grain and provisions today with hogs leading losses, cash wheat and flour resum ing a weak tone. Wheat for September slid from 14 ½ to 14 ¾ cents, corn fell, and oats declined as traders cited favorable Northwest weather and reports of improved conditions for spring and winter crops. Local receipts and world stocks showed declines, while a mild late rally arose from short covering before the close.
MENTIONED IN THIS ARTICLE
Chicago
Dakotas
Liverpool
Shorts
Aye
Skge
Bradstreet
Minneapolis
Duluth
Ae Lo Jee
Sealed Proposals From PFICE Commissioners District of Columbia
Sealed proposals will be received at the office until noon August 1 1908 for furnishing cast iron water pipe specials. Forms and information available room 420 District Building Washington DC from Henry B and B F MacFarland engineers and commissioners.
MENTIONED IN THIS ARTICLE
PFICE
District OF Columbia
Washington
District Building
Henry B&b. F
Market declines as hog futures falter amid oversupply
Local receipts reach 189 cars as liberal realizations dampen demand. Pork prices fall with September delivery down 0c from last night, while lard and ribs retreat less sharply. Ice drops to 1% below previous, contributing to the overall slump after a ten day rally. September pork ranges from 15.82 to 16.60, closing around 15.82 to 15.85, a loss of 4 to 9c. Lard moves 93.5 to 96.0 cents, ending near 74.7 to 74.0c. Ribs trade 87.5 to 91.0 cents, closing down 3 to 4c. Tomorrow’s receipts: Wheat 75, corn 92, oats 60, hogs 25,000 head.
European produce markets report from Liverpool trade
Liverpool July 14 closing prices for wheat corn peas flour hops bacon lard cheese turpentine rosin petroleum linseed oil show spot firmness or steadiness across commodities. Wheat and corn futures steady while several meat cuts and fats hold near previous levels. tobacco and canneries noted. spirits and oils report modest activity and price stability.
MENTIONED IN THIS ARTICLE
Liverpool
California
London
India
Bard
Boston Wool Market Shows Firm Demand and Oregon Sales
Boston on July 14 reports continued demand for special wool lines with firm advances. Heavy Oregon staple sales and calls for various blood fleeces accompany widespread offerings. domestic prices list ranges for fleeces and delaine, with numerous regional grades and ages, including Texas and California values.
MENTIONED IN THIS ARTICLE
Boston
Oregon
Ohio
Pennsylvania
Delaine
Michigan
Wisconsin
New York
Kentucky
Indiana
Missouri
Texas
California
Middle County
Southern
Livestock Market Reports From New York July 14 1908
Market weekly notes show cattle receipts heavy for city slaughterers with modest dressed beef demand. Calves and veal offerings mix steady to slow with price marks around 5 to 7 dollars per 100 pounds for Kansas City stock. sheep and lambs steady amid ample supply and mixed quality, with varied prices reported across several firms and regions.
MENTIONED IN THIS ARTICLE
New York
London
Bermudian
Bermuda
Daniela
United Dresser Beef Company
Kansas City
J. F P. Nelson
Pyper
S. Juld & Co
Tsepec
Maryland
Virginia
Twiht & Co
Virginia Lambs
Kentucky
Kerns Commission Company
Ohio
Commission Coogans
West Virginia
Notice of Summons for New York divorce action
Notice of Summons to defendant Philip Bohnett in a divorce action filed in the Supreme Court New York County. Defendant must answer within twenty days after service or risk default judgment. Publication notice authorized by Justice Henry Bischoff dated July 3 1908. Attorneys: Smith Lent 140 Nassau Street New York City and 40 Nassau Street New York City.
MENTIONED IN THIS ARTICLE
Charles H. Beckett
Ferdinand Bartels
Green—— Street
Borough of Manhattan
City of New Or
T. E Beardsley
Nassau Street
New York
Francia Asbury Palmer Fund
Cecelia Palmer
Sylvester D. Husted
David E. Miles
James R. Palmer
William B. Anderton
Elizabeth P. Anderton
Woodlawn Cemetery Association
Palmer Christian College
Union Christ College
Hamilton College
Congregation Sunday School and Publishing Society
West County
Elon College
Chapin
Presbyterian Hospital
City of New York
Presbyterian Church of
County of
Hall of Records
Charles J. Day
William ©. Abbott
Richard B. Kelly
Abner
S.J . Thomas
el Bohnett
Philip Bohnett
Ines
Smith Lent
New York City
Henry Bischoff
Supreme Court of the
State of New York
Virginia lambs and hogs receipts in late markets
Market notes show lambs at 70 percent and varied prices per hundredweight, with Kentucky and Virginia listings. Hog receipts were 15 carloads totaling 2,519 head with live hogs scarce, while individual sellers such as Kratz Judd & Co and H. Hollis reported multiple lots with prices ranging from around 6 to 7 dollars per hundredweight and assorted weights, reflecting a quiet late session.
MENTIONED IN THIS ARTICLE
Virginia
Kratz
S Sanders
Pennsylvania
S Judd & Co
H. Hollis
J. P. Nelson
Andrew Mullen
J. G. Curtis & Son
State Hess
St Mb
CATTLE AND HOGS MARKETS ACROSS MULTIPLE CITIES
Telegraphed market report from Chicago Cincinnati East Buffalo Kansas City and Pittsburg noting cattle receipts and prices for steers cows calves and veal with steadiness or modest changes. hog receipts and prices range from packing to butcher levels. sheep and lamb markets show varied receipts and values across the listed markets. Includes Southern and Western cattle dynamics and regional price spreads.
Also Mentioned on This Page
Galle
Arbitration Board
NEW Transit
Bronson Winthrop
Syster
Wheeling & Lake Erie Committee
John E. Sullivan
League
Sullivan
Hudson
D.&h
Speyer
Marine Intelligence
Belt Line
Allegheny Bank
Shipping News
Port of New York
Kronprinz Wilhelm
Ely
Nipe
Hamilton
Diamant
Flushing
Iroquote
Charleston
Northman
Wilmington
Del
Newport News
Clothilde Cuneo
el Alba
Lobella
Manila
Inveresk
Colombo
Katuna
Andes
Veene
Belcher
Best & Belcher
Occidental
Ophir Overman
Caledonia
Amy
Potosi
Savage Confidence
Cal & V
Sierra Nevada
Crown Point
Union
Gould & Curry
Utah
Hale & Norcross
Toronto
Stewart & Lockwood
Exchange Place
Ana Buffalo
Cobalt Central
Nipissing
Peterson Lake
Coniagas
Red Rock A
Crown Reserve
Oie
Foster
Silver Leaf
Green Man
Silver Queen
Kerr Lake
Trethewey
St's Little Nipis
Watts
McKinley
la Rose
R. L. Day & Co
Boston, & Alb
Cal & Hee
Icyjr& US Y
Fitchburg
NH & H
Franklin
Old Colony
Mohawk M . Rs
Ine Am
Eng
Parrot
Quincey
U S Smell Co
Arcadian
Mass Ga
Atlantic
Shannon
Charles D. Barney & Co
South 4Th Street
Marsden Cambrians I
Philadel Co Buhaoa
Foldo
Penn RR
al Fills
Elec Co
Penn Steel
Fairmount Trac
Phila Elec Co
Phila Rapid T
Ins
Oety
Union Traction
Bible Lake Sup Corp
Ur Gas Imp Co
Lehigh Navig
Welsbach Co
Lee
Blee & Peo
Phila O
Chicago Grain and Provisions
Montague St
Brooklyn
Edwin Packard Darwin R. James William H. Wallace
Joseph E. Brown
Albro J. Newton Crowell
Hadden
H. E. Pierrepont
George M. Clecott
George H. Southard
Robert B. Woodward Stewart L. Woodford
George H. Prentiss
Henry C. Hulbert Gates D. Fahnestock
William G, Low Lowell M. Palmer
Charles J. Peabody
Francis M. Jencks
Broadway Manhattan
Edward S. Harkness George Frederick Victor William B. Lane, M. D
William Allen Butler, Jr
Hugh D. Auchincloss
Moses Taylor Pyne
Charles A. Peabody
Edwin S. Marston
Arthur King Wood
William H. Wallace
Robert B. Woodward
Charles A. Peabody Arthur King Wood
Clinton W. Ludlum
Frederick W. Richt
Gates D. Fahnestock
Henry C. Low, Jr
George H. Southard, Jr
Thornton Gerrish
Boston Wool Market
Berlitz School OF Languages
Madison Square
Broadway
Harlem
Lenox Ave
127Th
Court St
Asbury Park
Hundred Mile
Philm Maplew
Tifa
J. Short
Jidge
A. M
Yale
Prin
Concordville
East Greenwich Academy
East Greenwich
Department For Young Boys Foundation
Charles Alford Stenhouse
Rye Seminary
Mra
J. Life
Misses Stowe
Rye, New Tare
Park Row
New Yorks
American and Foreign Teachers Agency
M J Young-Fulton
Timon Squara
Daniel J Dowdney
Surrogates’ Court
Telegraph
Lamba
East Buffalo
Pittsburg
Colam da
Pg Sa
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