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Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Jul 16, 1908

Page

3

National City Bank Engages $900,000 Gold for Paris Shipment

Gold to the amount of $900,000 was engaged for export to Paris yesterday by the National City Bank. This marked the first Europe shipment this month and the first to Paris since June 17. Imports of gold since April 15 total $45,890,000. The assay office stock was nearly exhausted and refining losses reduce bar availability, forcing exports to rely on coin from the Sub-Treasury unless exchange rates rise.

Paris National City Bank Europe Bretagne Assay Assey Office

Petition seeks to force continued guarantees by New Haven Railroad

Boston July 15 a petition filed in the Supreme Court of Massachusetts asks that the New York New Haven Hartford Railroad be required to continue the guarantees assumed by the Consolidated Railway Company of Connecticut When the latter entered into an agreement with New England Investment and Company Kidder Peabody Co of Boston leads the filing The petition states the Consolidated Company guaranteed semi annual dividends at 4 percent and $10 per share on liquidation It claims New Haven has not issued a certificate guaranteeing interest on the new stock and that similar Massachusetts and Connecticut moves aim to secure the securities status with high legal opinion cautionary notes on the corporate duties and securities remain in focus.

Boston New York, New Haven & Hartford Railroad Company Consolidated Railway Company of Connecticut New England Supreme Court of Massachusetts Kidder, Peabody 4@ Co Consolidated Company New England Company New Haven Company Consolidated v. Kidder, Peabody & Co New Haven Kidder, Peabory & Co Consolidated Railway Company Connecticut Meacker& Co New York New York, New Haven & Hartford Railroad Massachusetts

Byrnes comments on New Haven stock sale

Boston on July 15 Vice-President Byrnes of the New Haven road said the New Haven did not aid in financing Mr Billiard vestment of Boston and Maine stock. He added Billiard may vote his stock without harming New Haven and is bound by no obligations to vote in any particular way.

Boston Byrnes New Haven Boston & Maine Billard Billiard

Interstate Commerce Commission rules carriers must serve traffic

Washington July 15 The Interstate Commerce Commission ruled that common carriers must heal the traffic offered and provide facilities and reasonable rates. The Star Grain and Lumber case against the Atchison Topeka Santa Fe Railway established joint rates for yellow pine lumber from cotton belt points to Santa Fe locals and defined divisions among carriers while protecting connections and producing territories.

Washington Interstate Commerse Commission Star Grain and Lumber Company Atchison, Topeka & Santa Santa Fe Teigonadle Raies

Bell System May Report Shows Strong Earnings Growth

The Bell telephone group reports May results with higher net earnings and operating revenues compared to prior periods. Key figures include total net earnings around 14.8 million for May and five months, with maintenance and tax costs rising, while available rates show solid gains amid ongoing operations. The document details monthly and year-to-date changes, highlighting notable increases in earnings and revenue across associated companies.

Associated’ Bell Telephone 1Rd American Telephone and Telecaph Company Mn Ee Inc Ermings Amitabie Tor Am-Wie Eamzhere Penses ” Bears Riera Mason of

Notes sale seals control of Ann Arbor Railroad

Detroit Toledo & Ironton five percent notes worth 1 208 000 par were bought in for 100 000 amid a single bid by H B Hollins Co and associates who recently acquired the loan. Underwriting participations faced a protest by Joseph W Gross via Guggenheimer Untermyer Marshall, who said he would challenge the sale. A separate 4 000 block sold at 40. The Ramsey committee expects to control the railroad at the August 15 annual meeting and separate Ann Arbor from DT&I.

Detroit, Toledo & Ironton H. B. Hollins & Co United States Mortgage and Trust Company Joseph W. Gross Guggenheimer, Untermyer & Marshall Gross Ramsay Committee Ann Arbor Ramsey Committee of

Rogers optimistic on market after six week absence

H H Rogers appeared in the financial district for the first time in six weeks and spoke at the Amalgamated Copper dividend meeting. He praised improved steel and rising copper output, predicting a future rebound though copper had not yet matched steel. Rogers had been at his Fairhaven, Massachusetts home during his absence.

H. H. Rogers Financial Wall Street Rogers Fairhaven Maes

Notes of the Mines and Butte Stock Revival

Stockholders of North Butte Extension Company report miners paid back wages and removals of property attachments. New interests plan a note issue to pay all claims and restore producing operations. Loans secured by stock resolved, reducing market risk. Fresh investment from Butte & New York, led by Leonard Field, boosts NY curb activity. Nichols Copper Company receives 150000 pounds of matte from Douglas Copper Company awaiting assay settlement.

North Butte Extension Company Butte Butte & New York Company New York Leonard Field Jackey’’ Field New York Stock Exchange Nichols Copper Company Douglas Copper Company Assars

Trust Companies' Resources Grow in New York State

Albany July 15 An official State Banking Department report shows trust companies in the state increased resources by over 20 million dollars from March 2 to June 17. The 88 companies reported total resources of 1 272 72 49 with deposits rising to 992 454 982. The statement also notes large increases in due from reserve depositories and interbank balances since March, reflecting a stronger trust sector.

Albany State Banking Department

Notices of Shutdowns Hit Two Plants in Northeast

Bristol R J reports indefinite shutdowns at Herreshoft Manufacturing due to lack of orders. In Franklin NH about 100 workers to be laid off Saturday as International Paper parts plant halves work. Mill B closes with 75 workers affected and pulp mill No 4 to shut down, 25 more job losses.

Bristol R. J Herreshoft Manufacturing Company Franklin N H International Paper Company

Iron Trade Conditions Report From The Iron Age

The Iron Age notes a slow but steady market gain, with steel mills near capacity and export low. Bar iron wages settle, puddlers face reductions, and production resumes at six blast furnaces. Prices vary across regions, with improved finished lines but overall demand limited to immediate needs. A second conference with unions is planned.

Steel Corporation Durin Bar Union Birmingham Chicago Ohio Iron Trade Review West Iron and Steel Ohio Irons Pac Pennsylvania Pittsburg Cleveland Cast Iron Pipe Republic Iron and Steel Company Amalgamated Association

Railroads report US totals for year ended 1907

Interstate Commerce Commission data shows railroads earned net income of 449,461 and total receipts of 2.589 billion dollars on 227,454 miles of line. Freight and passenger traffic rose sharply while dividends reached 308 million and injuries or deaths remained a concern with a fatality rate of one per 1.43 million passenger trips.

Washington Interstate Commerce Commission

Chicago grain and provisions shows mixed wheat fall

In Chicago on July 15 cooler Northwest weather pressured the wheat market with September futures down 0.5 to 1.5 cents while corn rose. Oats slipped, provisions rose modestly as packers boosted demand. Wheat and flour clearances reached 148,200 bushels, primary receipts 620,000 bushels. corn trade dull with firm nearby months. oats weak on improving Northwest conditions.

Chicago Northwest Manitoba Dakotas Drouth Liverpool New York Minneapolis Duluth

Railroad earnings figures from 1908 report summary

Detroit United shows first seven months earnings of 8,398,787 for January 1 to July 7 with 153,087 for the first week of June. Alabama Great Southern reports 300 miles and earnings of 3,549,203 for July 1 to June 30. Cincinnati New Orleans Texas 336 miles with 7,860,735 for year to date. Pacific 336 miles with 8,454,896 for year to date.

Detroit United Alabama Great Southern Cincinnati New Orleans Texas Pacific

Foreign government securities bid asked and quoted

A list of government bonds with bank and city issuers shows bids and asks for German state loans Bavarian Hessian Saxony Hamburg and Berlin issues with prices around 90s to 100s and a Mexican government gold 5 percent note quoted at 101.

Cologne Munich Hessian Augsburg Saxony Vienna Hamburg Fon-M Berlin

San Francisco Mining Stock Closings Report

San Francisco July 16 official closing quotations for mining stocks listed today. The report names the closing values for several mining shares, reflecting market activity and investor sentiment in a bustling mid July session.

San Francisco

Railroads split on 10 percent freight rate rise

The Trunk Line railroads debate a 10 per cent rate increase starting October 1. Reading Lackawanna Lehigh Valley oppose. New York Central and others favor higher charges on sugar and coffee with August 1 implementation. Meetings planned to resolve the split as shippers weigh impact.

Railroad Ad Exchange Blocked in Munsey Case

Judge C C Kohlsaar in Chicago issues a decision barring the Chicago Indianapolis Louisville Railway from issuing mileage tickets to Munsey Co in exchange for advertising. The ruling, in a Hepburn law test case from January 1907, sparks an appeal to the U S Supreme Court.

Chicago C. c. Kohlsaar United States Circuit Court Chicago, Indianapolis & Louisville Railway Company

Rain forecast hits corn and wheat belt and Ohio Valley

The Weather Bureau issued a special forecast predicting rain across the corn and wheat belt and the Ohio Valley eastward. A developing low pressure over the Rocky Mountains will move over the plains, central valleys, and lake region by Friday and Saturday, bringing local rains and thunderstorms followed by cooler, fair weather.

Washington Weather Bureau Today Corn and Wheat Belt Ohio Valley Rocky Mountain Districts Plains Flats Lake Region Atlantic States Middle Atlantic New England

Marine Intelligence Almanac and Wireless Reports

Marine intelligence lists sunrise and sunset times, celestial events, and high water marks for Sandy Hook, Governors Island, and Hell Gate. Wireless reports note the Deutschland 740 miles east of Sandy Hook at 4 40 am yesterday and the Majestic 253 miles east of Sandy Hook at a later time.

Moon Sandy Hook Gov. Island Hell Gate Majestic Sandy Mook

Carmania Near Pier Arrival Time Given

The Carmania, located 245 miles east of Sandy Hook at 11 am yesterday, is expected to dock about 7 30 this morning. The vessel’s location and ETA reflect a steady maritime approach to its pier.

Sandy Hook

Meat market calf and veal prices and sales across firms

The market reports widespread calf and veal trading with numerous consignors including J. G. Curtis & Son and Wright & Co. veal lots peak near 8.75 per 100 pounds while buttermilks sell around 2.50 to 2.75 per 100 pounds. Sheep, lambs, and hogs show steady demand with varied consignors and prices across Jersey City and regional buyers.

Transoceanic steamship schedules via Pacific routes

A list of passenger and cargo sailings with destinations including Hawaii Japan Corea China Philippine Islands New Zealand Australia Samoa New Caledonia Tahiti and Marquesas Islands. Ships named Empress of Japan Lord Sefton Mariposa Alameda Shawmut Conor and others depart between July 18 and August 1 at 6 30 pm with through Seattle San Francisco Vancouver and Victoria connections.

New York Japan Corea China Philippine Islands Seattle Hawaii San Francisco Alameda Shawmut New Zealand Australia West Samoan Islands New Caledonia Lord Sefton Pine Islands San Jane America Mara Ee Islands Vancouver Victoria Guam Us$ Transport Tahiti Marquesas Islands Francisco Mariposa Arnamean

Shipping News Arrivals and Sailings at the Bar

Multiple steamers arrive or depart at the Bar with passengers, mails, and cargo. Vessels include Bremen Cherbourg to Ochi & Co and Altonia Trieste to Cunard, with cabin and steerage counts, ports of call, and quarantine notes. Several ships pass Sandy Hook or leave quarantine, while winds are NW and seas light.

Bremen Ger von Borell Cherbourge Ochi & Co Bar Altonia Miller Trieste Fiume Palermo Cunards Co. Ltd Moise Sicilian Ital Bolognini Genoa Leghorn Algiers St Michaels Simpson, Spence & Young Prinz August Wilhelm Gerdes Savantha Port Simon Colon Kingston Fortune Island Hamburg-American Line Peninsular Botelho Lisbon St George Terceira Fayal Flores G Amsinck & Co Betonia Russ Bakanoff Libau Rotterdam Benham & Boyesen Ida Cuneo Nor Iversen Annatto Bay Cuneo Importing Co Princess Anne Tapley Newport News Norfolk Old Dominions Co Huron Taare Jacksonville Charleston Clyde Ss Co Mdse Hird Gundersen Philadelphia Donald Ss Lewisport Parvard Crowell Boston Metropolitan Steamship Company Delaware French Mdise Lyde Ss Co

Steamers at Foreign Ports Sightings and Routes

Shipping table lists numerous ships with routes from New York to Cherbourg Hamburg Barcelona Rio de Janeiro and other ports. Vessels include Teutonic Pretoria Voltaire Erika Indradevi Moitkefels Harburg Kaiser Wilhelm der Grosse Campania Iroquois Oceanic and more with July dates and sailing legs via Plymouth Rotterdam Cherbourg Queenstown and Melbourne to various destinations.

Ryndam Rotterdam Boulogne Adriatic Southampton Plymouth Cherbourg Calabria Naples Leghorn Lusttanta Liverpool Queenstown Salvatore di Giorgio Nor Port Antonio Cluden Hamburg Bradford Ger Phoenix Tilt Cove Beacon Light Dunkirk Favertum Casilda Shields Altal Taagua Port-au-Prince Siegmund Rio Janeiro Santos Lampasas Galveston Antilles New Orleans Jefferson Norfolk Newport News Indiana Italy Genoa Teutonic Smith New York Pretoria Montevideo Voltaire Rio de Janeiro Barcelona Erika Melbourne Indradevi St Vincent C V Sydney Bembar Moitkefels Newcastle Nsw Harburg Fremantle Libau Russia Danziz Burgermeister Petersen Campania London Iroquois Oceanic Kaiser Wilhelm der Grosse Calcutta Wildenfels Swansea Llandaff City Cadiz Lux

Livestock Market Reports From New York July 15 1908

Receipts totaled 51 cars or 960 head with 34 to slaughterers and 17 for market. Prime heavy steers steady, light supply for common and medium. bulls and dry cows up 10 to 15 cents. Cattle sold to $6 to $7.25 per 100 pounds. common to good bulls $2.75 to $3.65. cows $1.60 to $4.75. Dressed beef 6.5 to 11.5 cents. private cables show hive cattle 14 to 16.5 cents. Italy shipments: Adriatic sails with beef quarters for Swift and Morris. Cedric to Liverpool will carry 1,100 beef quarters for Morris. Sheep 75 for L. Dillenback.

J. G. Curtis & Son W. R. Hume Andrew Mullen BW. Otis & Co H. H Hollis H. S. Judd & Co S& Tate S. Sanders Tobin & Shannon McPherson & Co Jersey City West Virginia Kentucky Newton & Co Pennsylvania New York State B. W. Otis & Co JG Curtis @& Son S. Andrew Malles Sarersh New York Liverpool London Swift Beef Company Morris Beef Company Aller West Indies Dillenback Cedric S Sanders Ohio Judd & Co John Ducey J. P. Nelson J. G Curtis Jelliffe

European produce market report from Liverpool dated July 1

Wheat and corn futures hold steady as spot markets rise with WHEAT and CORN showing firm under old American mixed supply. Peas, flour, and hops show mixed activity while meats and lard remain firm with values for bacon, shoulders, and bellies quoted. London Pacific coast hops steady and refining markets subdued.

Liverpool California Se Sud London Pacific Coast India Cumberland

Bondholders urged to deposit bonds for committee action

Default on July 1 1908 interest triggers formation of a bondholders protection committee for The Cincinnati Indianapolis and Western Railway and Indiana Decatur and Western Railway. Deposits via Bankers Trust Company by July 24 1908 with bonds bearing maturing July 1 1908 and subsequent coupons. Copies of deposit agreement available from depositary or committee secretary William A Read.

Cincinnati, Indianapolis & Western Railway Company Indiana, Decatur & Western Railway Company Bankers Trust Company William A. Read

Also Mentioned on This Page

Hailreed Company MR. Byrnes Commerce Commission American Telephone & Telegraph Kington llecker-Jones-Jewell Milling Com Baltimore Ramsey Standard Oil R. R Chicago Grain and Provisions Clinton Gilbert Liberty Lincoln Am Exchange Chatham Nassau Chemical Boneit Cent Nat Coppe Nba Ae City Chelsea Exch Queen County Commerce New Netherland Colonial Columbia Corn Exchange East River Fidelity Park First National People's Fifth National Phenix Fifth Avenue Plaza Fourth Nat Seaboard Fourteenth St Gallatin Garfield Sherman Twelfth Ward Gérmania Greenwich Union Exchange Hanover His Imp & Tract West Side Irving Nat Jefferson C Yorkville R. L. Day & Co Boston Cons. Bost & Albany Cal & Hecla M Jr&vu Centennial Fitchburg Nynh &H Franklin Minny Weald Colony Granby West Edar Mass Mohawk Aly Mo Butte Osceola Tel & T Co Parrot Eng Tel Tel & TT Quincy Tamarack Wolverine Ul S Smelters Co Andes Hale & Norcross Belcher Kentucky Con Best & Belcher Alexican Tates Bullionae Occidental Con Trophir Caledonia Overman Savage Cal & Va Sag Belcner Imperial Sierra Nevada Crown Point Il Union Con. Tee E Gould & Curry Reading Lacka Wanna Lehigh Valley New York Central Erie Baltimore & Ohio Delaware & Hudson Taft Metal and Brown Central The Illinois Central Mobile & Ohio New Orleans & Northeastern Louisville & Nashville New Orleans & Great Northern Mitchell Victor Morawetz Atchison System Kohlsaat Weather Bureau Rockies Alb & Susq Alb & Vermont Joliet & Chic Allegh & West Lsnare Am Tel & Cable la & Mo Riv Pf At & C A Line Little Miami Mo Lowell & and Aug & Sav Mahon Coal Pf Avon G & Mt Beech Creek Morris & Essex Berkshire Nash & Decatur Bleech Nashal & Low Bost & Albany Y & Harlem Bost & Lowell Brooklyn City Ninth Ave Cam & B North Carolina Catawist Pf North Penn Cccpn Cayuga Northwest Tel Nor & War Pf Chat'chee Qld Colony Oswego & Syra Cleve & Pitts Pac & At Tel Col & Xenia Pat & Hud Riv Union Me Pat & Ramapo Concord & Mon Cone & Ports Peoria & B Vy Cc & Pass Pf Phil Trenton Conn River B & LE del & Bd Brk del Hills Pitts Ft East Penn Secres East Mahanoy Pitts Eighth Avenue Elm & William Renns & Ar Roch & Gen RW & O Erie & Kalam Erie & Pitts Sixth Avenue South W & J Pf Southwest RR St&g Gold & Stk Utica Clin & B Joshen & Dec Utica & Elk Ri Grand River Utica Greene O Warren Danae Hart & Conn Marine Intelligence Mauretania Deutachland Am Hamburg White Star Ponce Porto Rico Sir R Grenvil Macors White A Hudson Gibraltar Clan McIntosh Mall Transpacific Mali la Bretagne Havre Migra Merida Havana Ward Prinzess Alice Lioy Carpathia Cunard Arapahoe Clyde Savannah Prins Willem IV Haiti D .I Harald Bayamo Tampico Monroe Old Dom Netirees Umbria St Louis American Venetia Newfoundland A Cross Dagfred Curacao Argentina Parama Barbados Quebec Crown of Navarre Grenada A Wilhelm Jamaica Hamb Esperanza Mesaba Atlantic Transport Zeeland Antwerp Red Star Kilnig Albert Liordapie Glasgow Sannio Naples Oe Nueces Mailor City of Atlanta Savalinan Shipping News Port of New York Sikh Atkinson Yokohama Kobe Maya Shanghai Hong Kong Manila Singapore Suez Port Said W H Tweddel & Co Burbo Bank Wawa Munson Ss Calderon Berg Norman Rahta Rusk & Jerons la Campine Portigiese Philip Ruprecht Panama Railroads Kirriemoor Scorris Celtic Princess Carruthers J H Winchester & Co Sandy Hock Verona Hiogo Iloilo Penang Colombo Aden Indrawadi Satsuma Scilly Anjer Barra Port Natal Indianapolis & Western Railway Company Berlitz School OF Languages Madison Square Broadway Harlem Lenox Ave 127Th Brooklyn Court &J Asbury Park Taconic School For Stsutitus Berkshire Hills Atria Lilian Dixon A. B Wellesley Bryn Mawr Bertha Bailey B. S&s Lakeville RYE Seminary Cravian Seminary Sethlerem A. Om Max Harr D. D Prince See Frances Gilman St. White Plains Starkey Seminary Seneca Lake Watkins M. Summerefli Lakemont American and Foreign Teachers Agency M J Young-Fulton Square Panama A York Panama Rail Road Company State Street F. C. Nordsier Street New Office of Commissioner of Immigration Ellis Island U. S Robert Waithorn District OF Columbia Henry B F. Macf Parlas Henry Ll. West Jay J. Morrow D.C Arner c Thomas County of Matilda Duer, Strong & No Borough of Manhattan City of New York Annie E Munn Adaline M. E. Peters Tehead Bz Uer Strong & Whi 2 Ecutrices Borough of Munhagetan New York City
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