Freight rate increase talks trigger split among railroad heads
Eastern rail executives met at 143 Liberty Street to discuss a possible general freight rate rise. Leaders from the Pennsylvania and Read line opposed the move, while Eddy Harriman backed it for central routes, with executives from Lackawanna Reading and others present. No decision reached. timing may push back to October 1 with data still proving insufficient.
MENTIONED IN THIS ARTICLE
Eastern Rail
Trunk Line Association
Liberty Street
Pennsylvania
Lackawanna
Read- Lehigh Valley
E. H. Harriman
Central
Delaware & Pivdson
Baltimore & Ohio
Erie
Union Pacific
McCrea
Pennelvania
Hartman
Underwood
Piie
Truesdale
Boer
Reading
Loree
Delaware & Hudson
Murray
Delano
Webash
Canniff
Nickel Plate
W. C. Brown
New York Central
C. C. McCain
the Wabash
Brown
Receiver opens Zotti firm's safe on Greenwich Street
Jesse Watson the receiver appointed by Judge Hough for Frank Zotti & Co broke open the main office safe at 108 Greenwich Street. The safe held 7500 in foreign currency while the firm’s anticipated value to foreign bankers was about 125.00. The firm faced troubles from unpaid commissions as a steamship agent amid large emigrant shipments and prepaid passages. Counsel consider expert accountants to audit the books, work starting yesterday, with reports to follow in coming days.
MENTIONED IN THIS ARTICLE
Jesse Watson
Judge Hough
Frank Zotti
Mediterranean
Zotti
More Business in Brass Signals Modest Market Pick Up
Chares Brooker, president of the American brass company, says there is a small improvement in brass manufacturing with a better market sentiment. M. E. Appleton reports electrolytic copper sales at 20 cents a pound and lakes copper at 18 to 19 cents, indicating renewed activity among brass and wire manufacturers.
MENTIONED IN THIS ARTICLE
Chares
Brooker
Pany
M. E. Apple
New York
Bank Reopens as New President Named
Pisa outlines reopening of the Median and Traders Bank with a target resume date early next week. Bank examiners, led by Superintendent Clark Williams, will report today on the institution’s status. Ed M. Grout is slated to become president of the bank.
MENTIONED IN THIS ARTICLE
Pisa
Uici
Clark Williams
Banke
Mis
Eeriy
Ed“@M. Grout
Gmb Mechanics and Traders’ Bank
London Underground Readjustment Scheme Approved
Lenton July 16 The Chancery Court today amended the plan for readjustment of the Underground Electric Railway Company of London as approved by shareholders at a May 11 meeting. The scheme involves bonds aggregating 46,900,000 pounds to be issued as necessary to effect the plan.
MENTIONED IN THIS ARTICLE
London Underground
Lenton
Chancery Court
Underground Electric Railway
London
Ladd Named Receiver as Joline and Ropinson Relinquish NYC Railway
At midnight July 31 William W. Ladd will assume control of the New York City Railway Company as receiver for the Metropolitan Street Railway. Joline and Ropinson, appointed by Judge Lacombe, will relinquish their stewardship and must file a financial summary by August 1. The court notes progress in liquidating claims and anticipates an accounting between the two firms.
MENTIONED IN THIS ARTICLE
Adrian H. Joline
Douglas Ropinson
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
Interstate Commerce Commission Rules On Passes And Carriers
The Interstate Commerce Commission released several rulings on July 16 detailing that a household servant travelling with a family member qualifies as family under the anti pass provision, that carriers may run eating houses for their own passengers and employees with tariff limits, and that a municipality owned belt line is under commission jurisdiction. Additional rulings cover refunds for misrouted shipments and penalties for carriers lacking proper tariffs, along with a case where a longer indirect route with three carriers offered a lower combined rate but was deemed not reasonable for a refund.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Commission
Department of Prosecutions
Suit Over Mining Deal Involving Berner & Co
Charles E. Berner of Berner & Co and Willis S. McCormick of McCormick Brothers were in a Supreme Court suit seeking 10000 tied to a mining transaction. Reilly claimed authority as agent to buy stock from Nevada’s Reliance Mining and Milling, using Berner firm funds. Berner said he had no knowledge of such an agreement and that Davidson held the matter. An examination before trial for Davidson was planned.
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. 8. McCormick
Salt Lake City
Utah
A. A. Reilly
Salt Lake
Nevada
Whch
W. 5
Berner & Co
Reilly
George R. Davidson
Mr. Davidson
George C. Ryan Files Schedule in Bankruptcy
George C. Ryan of T. A. McIntyre & Co. filed his sworn schedules showing liabilities of 148 20916 with 3 346 unsecured and assets of 23 65190. Assets include 21 95190 in bad debts and a Chicago Board of Trade seat valued around 1 700. He lists debts to State Bank of Syracuse 8 850 First National Bank of Syracuse 6 065 Charles M. Crouse 416 West Genesee Syracuse 75 000 and others.
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
National Bank of Syracuse
The
National Bank of Auburn
N Y
John B. Taylor
Watertown
N_ Y
National Bank of Skaneateles, N
Decree Ends Bay State Gas Receivership in Delaware
Judge Putnam in the United States Circuit Court directed the discharge of Bay State Gas Company of Delaware receivership. Claims for attorneys fees and related matters totaling about $50,000 will be paid from $217,000 held by the receiver, with the remaining balance 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 Plans 8500 Box Cars for Pacific Coast Extension
Milwaukee daily reports L. J. Petit president of Wisconsin National Bank announced the Milwaukee road will order 8500 box cars from its shops for use on the Pacific Coast extension. Petit is a director of the railroad.
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 of the 24 District announced approval for the Delaware & Hudson Company to acquire the Cherry Valley Sharon & Albany Railroad Company including its estate property rights privileges and franchises in Albany.
MENTIONED IN THIS ARTICLE
Albany
Public Service Commission of the
24 District
The
Delaware & Hudson Company
Cherry Valley, Sharon & Albany Railroad Company
Debts in Brooklyn Under Review by Appointed Referee
General Benjamin F. Tracy is named to determine the city debt limit disputed between Controller Metz and President Coler of Brooklyn. He will report the amounts owed as of June 30 to guide which indebtedness counts against the limit in a case linked to subway contracts worth about 15 million dollars.
MENTIONED IN THIS ARTICLE
Benjamin F. Tracy
Navy
Metz
Coler
Brooklyn
Justice Blanchard
Supreme Court
Jefferson M. Levy
Board of Estimate
Fourth Avenue
Pendleton
Robert I. Wagner
Levy
Blanchard
McCooey
Sullivan
William B. Crowel
Dugre
McCovey
Central Opposed to Underground Wires Cost Proposal
At the Public Service Commission hearing Commissioner O'Brien pressed to compel the New York Central & Hudson River Railroad to bury overhead high tension lines from High Bridge to Yonkers. A. S. Lyman warned the price could reach 500000 to 2000000 dollars, delaying extensions and making underground conduits impractical. The city argued the commission should decide wire safety and permit status as temporary overhead transmission. A decision was not expected before 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
High Bridge
Yonkers
A. S. Lyman
Central
Lyman
Burr
New York Central
Banks Send 23 709 421 To Treasury In July Call
Washington July 16 The funds received at the Treasury from national depositary banks under the Secretary of the Treasury call of July 2 total 23 709 421 with expectations the full amount will arrive in two or three days. The initial estimate of 45 000 000 was pared to 3 279 270. Larger banks had anticipated the call and sent in over 8 500 000 while others held only the minimum balances. Disbursements at the start of the fiscal year exceed receipts. in sixteen days this month expenditures surpass receipts by 15 270 185.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Pennsylvania Railroad Earnings Compared With U S Lines
The Pennsylvania Railroad Company released a table comparing its lines with other U S railroads for the year ended June 30 197 as shown in the preliminary Interstate Commerce Commission report.
MENTIONED IN THIS ARTICLE
Pennsylvania Railroad Company
United States
Interstate Commerce Commission
Wheeling & Lake Erie to Pay Equipment Bonds
The railroad’s receiver announced that holders of its 5 percent equipment bonds will be paid. He said the Circuit Court is on vacation and on July 30 in Cleveland an order will be sought directing payment. The defaulted interest was due July 1 but the mortgage gives ninety days to cure.
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 returns from Western Canada and estimates this year’s wheat crop at 125000000 bushels in Winnipeg July 16.
MENTIONED IN THIS ARTICLE
Winnipeg
Man
Willam Whyte
Canadian Pacific Railway
Canada
Coster Testifies in Firm Failure Hearing Before Olney
W B Coster a brother of the firm’s senior member testifies on June 1 1906 about debts of 1 2 million and securities bought to cover the accounts. He says he left the firm April 1 1907 and did not receive cash. He describes joint steel trades and other transactions, and relations with Marshall Spader & Co and other individuals. The hearing continues at 11:30 a m Tuesday as bankruptcy schedules for several individuals and firms are read.
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 for 1908 1907 1906 by Great Western and Others
Earnings figures compare several railroads for early July and May periods. The Chicago Great Western shows first week in July gross earnings of 135 296 in 1908, 139 978 in 1907, 144 553 in 1906. Twin City Rapid Transit reports 144 923 in 1908 and 137 608, 127 558 for prior years. Pacific Coast lists May results with miles and gross and net earnings, plus total year to date figures through May 31 and July 1 to May 31.
MENTIONED IN THIS ARTICLE
Chicago Great Western
Twin City
Pacific Coast
Big Rise in Mortgage Tax Collected in New York
State Treasurer Hauser received 336 300 from City Chamberlain James J. Martin for mortgages taxed in New York for the quarter ending June 30. The figure shows a sharp increase from the prior quarter, signaling an active real estate market. about 135 million dollars in mortgages were recorded in New York in the quarter.
MENTIONED IN THIS ARTICLE
Albany
Hauser
James J. Martin
New York
New York City
Call on Notesholders for Unpaid Subscriptions
H B Hollins Co bought the Detroit Toledo Iron ton 5 per cent notes with participations and sent notices to underwriting participants to collect unpaid subscriptions. In case of default the collateral will be sold at auction next Wednesday. About 10 percent of total subscriptions have 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 the United States 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 other creditors totaling about 1000 are alleged. Albert Falk named receiver with a 500 bond. John T. Walker filed a voluntary petition showing facilities of 5358 and assets of 514,974 with unliquidated claims and exempt property valued at 5000. Philip Goldstein, a managing clerk, filed a voluntary petition at 69 Eldridge Street.
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 government securities bid and ask prices
A list of international government bond quotes with bid and asking prices. Includes German Bunds, Bavarian and Saxon notes, Austrian and Hungarian issues, and Mexican gold bonds with varying percentages cited.
MENTIONED IN THIS ARTICLE
Cologne
Munich
Hesastan
Augsburg
Saxony
Vienna
Hamburg
Fen-Manew
Berlin
Also Mentioned on This Page
Zotti Firm
Charles F. Brooker
Srout
W. W. Ladd
New York City Railway
Metropolitan
Commerce Commission
Williss. McCormick
Bay State
D. & H. May Bay Railroad
Tracy
Railroad
BANKS
Pennsylvania Railroad
R. R. Co
Pittsburg
Unitedates
Socce
Wheeling & Erie
Franklin
Montague St
Edwin Packard Darwin R. James William H. Wallace
Joseph E. Brown
Aibro 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
William H. Wallace
Charlies A. Peabody
Clinton W. Ludlum
Frederick W. Richt
Gates D. Fahnestock
Henry C. Low, Jr
George H. Southard, Jr
Thornton Gerrish
William E. Finn
Fifth Avenue
Madison Avenue
Meyer Finn
Robert McGill
E. H. Ogden Lumber Company
Equitable Life Assurance Society
Robert Connor
Duby & Shinn Manufacturing Company
Long Branch
N. J
Albert Meurer
West 26Th Street
Swartwout & Appenzellar
Price & Int
Am Cigar Co
Cigar Co
Tel & Tel
Ealt & Ohio Ser A
Ches & Ohio Ry
R1& P
Ry Bpc
W Ind RR
Cccéstl
Consolidated Gas 6
Interborough RT
Kansas City R & L
K City Southern Ry
Lackawanna Steel
Shore & MS
Louis & Nash
Mid Central RR
NYC& Hrrs
NY C
Nynhe&hs
Norfolk & Western
Penn
Tidewater Co
U S Rubber
Westingh Elec & Mfg
Wheeling & L
Trust and Surety Companies
Clinton Gilbert
Wall St
Law Mtge Co
Alliance Sealty
Law TI & T
Am Surety Co
Lincoln
Astor
Long
L &T Bankers
Mount Vernon
B & Mtge
Manhattan Eee
Bowling Green
Mercantile
Carnegie
Morton Mtge
Cas Co
Mutual Alliance
City
Nassau Co
Nat
Columbia
NYLI@&T
Commonwealth NY
Mtg & Sec
NYL Trust Co
Empire Tr Co. People’s
Guardian Xaos Cas Co
Hamilton
Eve
USM &Tco Home TI Co
Ustgeico Hudson Realty Lo
van Norden Hudson Tr Co
Bkg Corp
Westchester
Kings County
W&ebt&mco
Knickerbocker
Windsor
Philadelphia
Phila Elec
Phila Rap Trans Co
Smkelese Poi Lake Sup
Union Traction
UN Gas Imp Co
Lehigh
Welsbach Co
Elec & Peo
Prtia Co Be
San Francisco
Andesamc
Kentucky
Belcher
Best & Belch
Chicago Title & Trust
Chicago & Park
American Shipbuilding
Quaker Oats
Cal & Chic C & D
Streets Stable Car
Commonwealth Edison
swift @ Coo
Chicago Telephone
New York County
Hamil
Ton Bank of
Plaimiit
Annie Linder
Wit
Exchange
Vesey Street
Borough of
Manhattan
County of
Joseph P
Bronx
City of New York
North Melrose
Morrisania
West Farms
Andrew Findlay
Register of
County of Westchester
Courtilandt Avenue
163D Street
Courtlandt Avenue
Louis Lese
Joseph Poot
Joseph Poot. Gifford. Hobbs & Beard
Plaintiff
Borough of Manhattan
New Yor City
I H Beckett
William F. Palmenberg
Sackett & S
Dorothy M. Palmenberg
Executrix
Sackett & Lang
Nassen Street
Rush
Mary H
Charles H. Beckett
Charles P
Pine Street
Frances A. Findlay
M van Buren
Ee Court
Ada L. Harris
Dwight M. Harris
Joseph H. Hoadley
Cyrus Fleid Judson
Joseph Leiter
Wellman, Gooch & Smyth
Ee and
Postoffice
Henry A. Bischoff
Supreme Court of
State of New York
County of New York
York Supreme Court
New
AN York
Gerald Hull Gray
Cyrus Field Judson
Wellman, Gooch , Smyth
County Court House
Ne York Supreme Court
UN County
Fortna Machine Company
Benno Fischer
Redding, Greeley & Austin
Park Row
Bkenne Fischer
Charles L. Guy
County of Newark
Redding
Greeley & Austin
Berlitz School OF Languages
Madison Square
Harlem
Lenox Ave
Court St
Asbury Park
RYE Seminary
Bethlehem
Max Harr
Prin Bee
Pork Row
Foo
FFICE
District OF Columbia
Nly
Washington, DC
Henry B&b BF. Macfarlas Commissioners
Eres L. West
Jay J. Morrow
the Tribune
36Th
Sith
6Th Ave
125Th St
Sd Ave
Gist St
Ist Ave
S8th
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