Freight rate conference of major Eastern railroads
Presidents and top officials from the Pennsylvanian, Lackawanna, Reading, Delaware & Hudson, and other lines met to discuss a possible general increase in freight rates. While leaders voiced mixed opinions on feasibility, a uniform rise was not decided and data gaps delayed any action.
MENTIONED IN THIS ARTICLE
Trunk Line Association
Aire
Ings
Saenor
Pennsylvania
Gessieid
Lacksweana
Lehigh Valley
E. H. Harriman
Central
Delaware
Baltimore & Ohio
Erie
Union
Paafe
McCrea
Pennia
G. H. Hartman
Underwood
Ine
Truesdale
Lackawanna
Boer
Reading
Loree
Delaware & Hudson
Murray
Delano
Webish
Canniff
Nickel Plate
W. C. Brown
New York Central
C. C. McCain
the Wabash
Brown
Receiver Opens Zotti Firm Safe at Greenwich Street
Jesse Watson the receiver appointed by Judge Hough broke the safe at 108 Greenwich Street of Frank Zotti & Co. He says firm liabilities to foreign bankers total about 12000, but the safe held 7500 in foreign currency. The matter involves prepaid passages and large commissions tied to emigrants and steamship firms as creditors await accountants' reports.
MENTIONED IN THIS ARTICLE
Jesse Watson
Judge Hough
Frank Zotti
Zotti
Brass industry shows marked improvement says company president
Sharnes Brooker, president of the American S Company, reports a generally better brass manufacturing climate with rising business sentiment. He declines to confirm copper purchases while noting major buyers are entering the market. M. E. Apple of New York Metals Sellers adds 4,000 pounds of electrolytic copper sold for domestic use at 12 1/2 cents per pound in 30 days, signaling revival for brass and wire producers.
MENTIONED IN THIS ARTICLE
Sharnes
Brooker
Mpany
M. E. Apple
New York Metals Sellings
SROUT TO BE BANK PRESIDENT
Bank reopening details start with new president designate Clark Williams will oversee the examiners today. Mechanics and Traders Bank aims to resume operations shortly with Ed Grout expected to take the top post next week.
MENTIONED IN THIS ARTICLE
Pnd
Mechanic Traders’ Bank
Clark Williams
Banke
Grout
Rear- Sailaeg Mechanics and Traders’ Bank
LONDON UNDERGROUND READJUSTMENT APPROVED
Lenton July 16 The Chancery Court today approved the scheme for readjustment of the Underground Electric Railway Company. The plan, approved by shareholders May 11, provides for issuance of bonds aggregating 46 million dollars to facilitate the overhaul.
MENTIONED IN THIS ARTICLE
Ondon Underground
Lenton
Chancery Court
Underground Electric Railway
Ladd Named Receiver Over Metropolitan and NYC Railways
At midnight on July 31 William W. Ladd will assume control of the New York City Railway Company while Adrian H. Joline and Douglas Robinson relinquish the duties of Metropolitan Street Railway receivers. Judge Lacombe ordered separate receiverships and required a report of receipts and expenses by August 1.
MENTIONED IN THIS ARTICLE
Adrian H. Joline
Douglas Roovinson
Metropolitan Street Railway Company
New York City Railway Company
William W. Ladd
Opdyke, Ladd & Bristow
No. 20
Nassau Street
Morton Trust Company
Guaranty Trust Company
Messrs. Joline and Robinson
Lacombe
Messrs
Joline and Robinson
Uaz Court
New ‘York County
Hamilton Bank of
New York City
Exchange
Vesey Street
Borough of
Manhattan
City and County of New York
Joseph P. Day
Fodowent
Bronx
New York
North Melrose
Morrixania
County of
Westchester
West Farms
Andrew Findlay
County of Westcheste
Courtlandt Avenue
Annie Linder
Louis Lesa
East 16Th Street
Joseph Poot
Debt limit to be set by appointed referee in Brooklyn case
General Benjamin F. Tracy appointed by Justice Blanchard to determine Brooklyn's exact debt limit amid a dispute between Controller Metz and President Coler over subway contracts valued near 15 million dollars. The ruling will define which indebtedness counts toward the limit while ongoing suits proceed.
MENTIONED IN THIS ARTICLE
Benjamin F. Tracy
Navy
Metz
Coler
Brooklyn
Justice Blanchard
Supreme Court
Jefferson M. Levy
Controller Metz
Board of Estimate
Fourth Avenue
Corporation
Pendleton
Robert I. Wagner
Levy
Blanchard
Rulings on Passes and Carriers By Interstate Commerce Commission
The Interstate Commerce Commission released several conference rulings on July 16 clarifying that a household servant travelling with a entitled family member counts as family for pass purposes. Other decisions approve eating houses along common carriers for passengers and employees, define tariffed use, and affirm jurisdiction over belt lines owned by municipalities. The commission also addresses misrouting refunds and handling routes with improper tariffs, and weighs a longer indirect route versus a direct one for refunds on a 19 cent versus 22 cent rate.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Department of Prosecutions
Suit Over Mining Deal Involving Berner Partners
Charles E. Berner of Charles E. Berner & Co. was examined in a $10 000 suit filed by Willis S. McCormick assignee of W S McCormick. Reilly the curb broker claimed authority to buy Reliance Mining and Milling Company stock. Berner denied knowledge of the transaction. An examination before trial for George R. Davidson may follow.
MENTIONED IN THIS ARTICLE
Charles E. Berner
Charles E. Berner & Co
Broadway
Justice Bischoff
Supreme Court
Willis S. McCormick
McCormick Brothers
Berner
McCormick
New York Stock Exchange
W. 5. McCormick
Salt Lake City
Utah
A. A. Reilly
Salt Lake
Nevada
Whch
W. 5
Berner & Co
Reilly
George R. Davidson
Davidson
Central oppose underground wires for New York Central line
In a Public Service Commission hearing yesterday the New York Central argued that burying overhead high tension wires from High Bridge to Yonkers would cost between 500000 and 2000000 dollars and halt electric system expansion. Assistant counsel Burr urged the commission to decide legality of the wires. a ruling was not expected until next month.
MENTIONED IN THIS ARTICLE
Public Service Commission
O'Brien
Department of Water Supply, Gas and Electricity
New York Central & Hudson River Railroad Company
Yonkers
A. S. Lyman
Central
Lyman
Burr
New York Central
George C. Ryan Files Schedule in Bankruptcy Petition
George C. Ryan of T A McIntyre & Co filed schedules listing assets of 231,001 with 3,346 unsecured and debts totaling 148,20916. Assets include open accounts 21,95190 uncollectible and a seat in the Chicago Board of Trade valued about 1,700. Debts owed to State Bank of Syracuse 8,80 First National Bank of Syracuse 9,065 Charles M Crouse 37500 National Bank of Syracuse 2,775 National Bank of Auburn 1,22250 John B Taylor 1,760 and National Bank of Skaneateles BH.
MENTIONED IN THIS ARTICLE
George C. Ryan
T. A. McIntyre & Co
Chicago Board of Trade
Ryan
State Bank of
Syracuse
First National Bank of
Charles M. Crouse
West Genesee Street
The
National Bank of Syracuse
National Bank of
Auburn
N Y
John B. Taylor
Watertown
N_ Y
National Bank of Skaneateles, N. &, BH
Banks Send $23 709 421 To Treasury
Washington reports that deposits from national banks totaling 23 709 421 dollars have been received at the Treasury ahead of the July 20 call. The early estimate was 45 million, later reduced to about 3.28 million due to prepayment and minimal balances. The working balance is over 67 million, to be strengthened by en route deposits, while expenditures for the first half of the month exceed receipts by 15,270,185 dollars.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Pennsylvania Railroad Earnings Compared With U S Lines
The Pennsylvania Railroad Company releases a table comparing its lines with other U S railroads for the year ended June 30 197 as per the preliminary Interstate Commerce Commission report. The data highlights relative performance and standings among major carriers.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad Company
United States
Interstate Commerce Commission
Bay State Gas receivership ends as judge orders funds paid
Judge Putnam in the United States Circuit Court discharged the Bay State Gas Company of Delaware receivership. He directed about $50,000 in attorney fees and related claims be paid from $217,000 held by the receiver, with the remaining balance to be turned over to the reorganized Bay State Gas Company.
MENTIONED IN THIS ARTICLE
Boston
Bay State Gas Company of Delaware
Putnam
United States Circuit Court
Bay State Gas Company
Milwaukee to Build 3500 Cars For Coast Extension
Milwaukee banker L. J. Petit, president of the Wisconsin National Bank, announced that the Milwaukee road will order 3.4 box cars from its shops for use on the Pacific Coast extension.
MENTIONED IN THIS ARTICLE
Tribune
Milwaukee
L. J. Petit
Wisconsin National Bank
Milwaukee Roai
Pacific Coast
Delaware & Hudson to Take Over Cherry Valley Line
The Public Service Commission for the 24 District in Albany announced approval of a petition allowing the Delaware & Hudson Company to assume the estate property rights privileges and franchises of the Cherry Valley Sharon and Albany Railroad Company.
MENTIONED IN THIS ARTICLE
Albany
Public Service Commission of the
24 District
The
Delaware & Hudson Company
Cherry Valley, Sharon & Albany Railroad Company
Wheeling and Erie Receiver Plans Bond Payments
The receiver for Wheeling and Lake Erie Railroad announces he intends to pay the outstanding 5 percent equipment bonds. A court order for payment will be sought on July 30 in Cleveland, after a vacation period. The company has a ninety day grace to cure the July 1 interest default.
MENTIONED IN THIS ARTICLE
Wheeling & Lake Erie Railroad Company
Road
Circuit Court
Cleveland
Wheeling & Lake Erie
Canadian wheat crop estimate from Western Canada
William Whyte second vice president of the Canadian Pacific Railway reports a grain fields tour in Western Canada and estimates this year crop at 125000000 bushels in Winnipeg Manitoba on July 16.
MENTIONED IN THIS ARTICLE
Winnipeg
Man
William Whyte
Canadian Pacific Railway
Canada
Witness Coster testifies at filing hearing on firm debts
W. B. Coster, brother of Charles Coster, testified before Peter B. Olney about the failed firm Coster, Knapp & Co. He said he never reviewed the books, learned of a $1,200,000 debt, and recounted to a June 1, 1906 meeting when Marshall, Spader & Co. claimed Charles owed $100,000. He described stock purchases, profits, and suspected bucketing, and noted joint and personal accounts with Gray and Baruth. The hearing continues.
MENTIONED IN THIS ARTICLE
W. B. Coster
Coster, Knapp & Co
Charles Coster
Peter B. Olney
William Street
Marshall and Spader
Marshall, Spader & Co
London
Union Pacific
Southern Pacific
Steel
Harlan F. Stone
William A. de Long
Coster
J. G. Marshall
Marshall
Bucketing
Mr. Stone
Mr. Gray
H. W. Gray
Baruth
Henry J. Braker
William Littauer
William Kittridge
John M. Knapp
New York Life Insurance Company
Cuba
Railroad earnings figures for 1908 from major systems
Data shows Chicago Great Western, Twin City Rapid Transit, and Pacific Coast lines reporting gross and net earnings for periods in 1908. Figures include first week of July and year to date totals, with operating expenses and net income listed for each system.
MENTIONED IN THIS ARTICLE
P.R. R
Pittsburg
United Lace and Erie
Chicago Great Western
Twin City Rapid
Pacific Coast
Big Rise in New York Mortgage Tax Revenue
Albany reports a sharp increase in the mortgage tax as State Treasurer Hauser receives 336 300 from City Chamberlain James J. Martin of New York. The sum reflects a booming real estate market with about 135 million dollars in mortgages recorded for the quarter ending June 30.
MENTIONED IN THIS ARTICLE
Albany
Hauser
James J. Martin
New York
New York City
Notesholders urged to pay overdue DT&I 5 percent stock
Hollins & Co, which bought the Detroit, Toledo and Iron ton 5 per cent notes with underwriting participations, has sent notices to underwriting participants requesting unpaid balances. If default occurs, collateral will be sold at auction next Wednesday. Only about 10 percent of total subscriptions has been paid.
MENTIONED IN THIS ARTICLE
H. B. Hollins & Co
Detroit
Toledo & Ironton
Involuntary Bankruptcy Filed Against Greenberg Brothers
An involuntary petition in bankruptcy was filed in U S District Court against Greenberg Brothers cap makers at 65 West Houston Street by Elias Surat for goods sold and delivered totaling 79864. Preferential payments to creditors amounting to 1000 are alleged. Albert Falk appointed receiver with a 500 bond. John T Walker at 885 Seventh Avenue files a voluntary petition listing liabilities 5358 and assets 5149 74 with unliquidated claims 5000. Philip Goldstein, a managing clerk at 69 Eldridge Street, files a voluntary petition.
MENTIONED IN THIS ARTICLE
Greenberg Brothers
West
Houston Street
Elias Surat
United States District Court
Albert Falk
John T. Walker
Seventh Avenue
Philip Goldstein
No. 69
Eldridge Street
Foreign securities. European government bonds listed
The list shows foreign securities including C of Colo 4s 6% and various national or regional bonds such as Hessian and Saxony governments, Vienna and Berlin issues, and Mexico gold bonds with quoted percentages and prices. Strong entities include C of Colo, Hessian gov, Saxony, C of Vienna, C of Berlin, Mex gov, Munich, Hamburg. Prices include 90%, 81%, 99, 100, 53.1004.
MENTIONED IN THIS ARTICLE
Colo
Munich
Hessian
Saxony
Vienna
Hamburg
Berlin
Also Mentioned on This Page
Zotti Firm
Forign Bankers
Charles F. Brooker
Srout
W. W. Ladd
New York City Railway
Metropolitan’s
Tracy
McCooey
Commerce Commission
Railroad
Franklin
Montague St
Edwin Packard Darwin R. James William H. Wallace
Joseph E. Brown
Albro J. Newton Crowell
Hadden
H. E. Pierrepont
George M. Olcott
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
William Allen Butler, Jr
Hugh D. Auchincloss
Moses Taylor Pyne
Charles A. Peabody
Edwin S. Marston
Arthur King Wood
Edwins. Marston
William H. Wallace
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
BANKS
Pennsylvania Railroad
Bay State
H. May Bay Railroad
Wheeling & Erse
TEL Lifes
William E. Finn
Fifth Avenue
Madison Avenue
Meyer Finn
Robert McGill
E. H. Ogden Lumber Company
Equitable Life Assurance Society
Robert Connor
Hudson Street
Hoboken
German Exchange Bank
Kaufman Mandell
Howard Street
Henry S. Mack
Laura S. Mack
West 107Th Street
Joseph S. Marcus
Louis J. Bach
Delancey and
Orchard Streets
Thomas F. Gaynor Company
Columbus Avenue
Kortscher & Co
Lawrence Street
West 47Th Street
Atlantic Cement Company
Chelsea Exchange Bank
Duby & Shinn Manufacturing Company
Lone Branch
N. J
Albert Meurer
West 26Th Street
Swartwout & Appenzellar
Price & Int
Cigar Co
Tel & Tel
Ad Coast RR Line
USS
Ealt & Ohio Ser A
Ches & Ohio Ry
RI & P Ry
Chic & W Ind R Rg
Consolidated Gas
Interborough RT
Kansas City R& L
Lackawanna Steel
K City Southern Ry
Wit
L Shore & Msrrsepc
Louis & Nash
Mid Central R
Minn & St
Seaboard
Stlm&serr
St L & San Frr
Southern Ry
Lane
Tidewater Co
U S Rubber
Westingh Elec & Mfg
Wheeling & Lears
Trust and Surety Companies
Clinton Gilbert
Wallat
Alliance
Law Mtge Co
Am Surety Co
Law TI & T
Astorseeseeeee
Lincoln Ecacecus
Bankers
Isi L & T B & Mtge
Mount Vernon
Bowling Green
Carnegie
Mtge Bond Co
Cas Co of
Morton
Central Mutual
Cent Rity Co
Hudson Tr Co
Bkg Corp
W&ebt&mco
Philadelphia
Charles Dey & Co
Broad 122 Street
Am Cement
Lehigh Val R R
Marsden Phila Co
Cambria Stee
Phila Elec Co
Phila Rap Trans Co
Smoeless
Lake Sup Corp
Union Traction
UN Gas Imp
Lehigh
Welsbach Co
Elec & Peo
Pati Phila
San Francisco
Goukt & Curry Hale & Norcross
Chicago
American Canater
Chicago Title & Trust
Chicago & Ke
American Shipbuilding
Ween Commonwealth Edison
Swift & Co
Joseph Pool
Gifford, Hobbs & Beard
Plaintiff
Eee Street
Borough of Manhattan
New Yorsity
C H Beckett
M. le
Rush
Mary H
Charles H. Beckett
Mary Harnish
Brookline
Mass
Charles P. Latting
Pine Street
City of New York
Frances A. Findlay
M van
Pine St. N. Y City
Spreme Court
New York County
Ada L. Harris
Dwight M. Harris
Joseph H. Headley
Cyrus Field Judson
Joseph Letter
Wellman, Gooch & Smyth
Postoffice
Wall St
Costa
Joseph H. Hoadley
Henry A. Bischoff
Supreme Court of
State of New York
County of New York
County Court House
York Supreme Court
County OF Newn York
Gerald Hull Gray
Joseph MH. Hoadley
Wellman, Goodte
of the County of
New York Supreme Court
UN County—Fortuna Machine Company
Renno Fischer
Redding, Greeley & Austin
Park Row
Borough of Manhatta
Bernie Fischer
Charles L. Gay
Oe Court House
SS Park Row
Berlitz School OF Languages
Madison Square
Harlem
Lenox Ave
Court St
Asbury Park
Hundrad
RYE Seminary
Misses Stowe
Moravian
Eddrese
Max Hark
Sib
Pee Row
Agence
Cevernessen Eta
Wwolleres School
District OF Columbia
Jay
Ute
Toon
Piserice Bathing
Washington, DC
Henry B
Henry L West
Jay J. Morrow
Fox
Sta
125Th St
1St St
Ist
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