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This newspaper page contains 15 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Jul 21, 1908

Page

3

Sale of Central Pa bonds to Kuhn, Loeb & Co

Announcement today of the sale to Kuhn Loeb & Co. of eighteen million dollars of Central Pacific first and refund mortgage four percent bonds. The issue, part of a one hundred million authorized in 1899, funds floating debt of the Southern Pacific and bolsters treasury. bonds secured by Central Pacific equipment and terminals. sinking fund and prior retirements leave about seventy three million outstanding. Foreign demand seen light. domestic absorption expected.

Kuhn, Loeb & Co Central Pa Railway Southern Pacific Central Pacific Union Pacific Railroad Company Central Pacific Firsts Southern Pacific Company Europe Pennsylvania Union Pacific

Hands Off Railways Propaganda Promotes Rapid Prosperity Plan

The National Prosperity Association sends a circular urging business groups nationwide to oppose restrictive railway legislation. A pamphlet titled Back to the Full Dinner Pail and Regular Dividends cites 17,000 to 20,000 jobs created in St. Louis area, with $5,000,000 in orders, and claims quicker recovery is possible within six months if business leaders unite.

Tribune. &J. Louis National Prosperity Association Spbt of St. Louis Cincinnati Cleveland Chicago Piaces Bey

Foreclosure Ordered in Milford Pink Granite Case

In Boston on July 29 Justice Colt ordered foreclosure on a 56 mortgage unless the principal and interest of 340305 is paid by August 4. The court allows a lease to Norcross Brothers of Worcester to continue supplying granite to the Pennsylvania Railroad for its New York City station. Quarries have been held by Ralph A. S. Stewart of Boston since 1905.

Boston Millford Pink Granite Company United States Circuit Court Colt Norcross Brothers Worcester Pennsylvania Railroad Company New York City Ralph A. S. Stewart

New Railroad Safety Device to Be Tested in Chicago

Washington July 1 A new device to promote passenger and employee safety on alley trains will be tested in Chicago on July 25 by the Interstate Commerce Commission block signals and train control board. It is claimed the device will automatically stop a train, and if successful the board will likely recommend adoption by railroads.

Washington Chicago Interstate Commerce Commission

Continent Buys Gold in London On July 2

The Continent purchased 2.5 million dollars in gold on July 2 in London at an advanced price, signaling a strong market move and potential implications for currency and commodity trends.

London

Expect New Rate Soon In Freight Charges

Expectation rises for gradual freight rate increases across the nation with some schedules taking effect August 1 and others August 15, and a late fall broadrise anticipated. Western carload minimums may rise August 1 while overall demand shows wheat shipments up 14 percent and livestock traffic improving though Chicago flour movement declines. Eastbound Chicago tonnage remains steady versus last year.

Wall Street Chicago

Too High to Redeem U P Bonds Over 154 Damages Conversion Plan

The rise of Union Pacific common stock to above 154 sparked talk that it could be converted into 4 percent convertible bonds for profit, allowing stock shorts to hedge. Experts note bonds also rose to 94, making conversion profitable only if the stock exceeded about 164, with 100 shares needing bonds worth 17 500 at par and costing 116 40 now, suggesting shares would need about 1650.

Union Pacific

Fewer Immigrants This Year From Russia and Japan

Washington reports June immigration to the United States fell sharply from all countries, led by Russia and Japan. Total arrivals were 31 947, with Russia at 6 202 and Japan at 960, each well below 1907. Debarments totaled 43, down from 1 311 in 1907.

Washington United States Russia Japan Bureau of Immigration and Naturalization

Naumkeag Mills Resume Full-Time Operations

Salem Massachusetts, July 2 The Naumkeag cotton mills resumed operations on full time today, giving employment to fifteen hundred hands.

Salem Mass Naumkeag

Cotton Exchange to Probe Contracts and Policies

The New York Cotton Exchange board adopted a resolution for a seven member special committee to examine cotton contracts and exchange policies. President George Brinnecke will co lead with six active members. meetings will invite spinners and others to participate, with support from the Department of Commerce and Labor bureau of corporations. The panel will sit through the summer to assess bylaws and practices amid criticism by growers and others. Members expected include Arthur R. Marsh, Samuel T. Hubbard, and E. P. Walker.

Board of Managers New York Cotton Exchange Exchange George Brinnecke Bureau of Corporations Department of Commerce and Labor Brennecke Arthur R. Marsh The Samuel T. Hubbard Hubbard Bros. & Co E. P. Walker

Weekly Receipts and Exports From New York Market 1908

The New York market report for July 20 1908 lists weekly receipts of cows calves sheep and hogs for Jersey City Lehigh Valley West Shore and Weehawken with totals and last week comparisons. Exports show live cattle beef and veal shipments to Philadelphia Montreal London Bermuda and West Indies among others with company names Schwarzschild J Shamberg Swift Morris Adriatic and Armour noted. Cattle prices and ranges for native steers bulls cows and veals are provided alongside calf dress and market activity figures.

New York Jersey City Sixtieth Street Lehigh Valley Schwarzschild & S Io Schwarzschild J. Shamberg & Son Swift Beef Co Adriatic Mesaba Morris Beef Co Moorts Beef Co Adric Moorts Beef C O Ss. St. Louis ASO Armour É& Co Sa. St. Louis Loo Ss. Bermudian Boston Liverpool Baltimore Glasgow Li'sc London Salee-S. Sanders Ohio Virginia Kentucky McPherson & Co Pennsylvania Tobin & Shannon Kerns &Commission Co Fred. I. Kratz S. Judd & Co J. G. Curtis & Son John Ducey Jelliffe Wright & Coo J. P. Nelson Andrew Mullen So ‘Nun L. S. Dillenback W. R. Hume Taoth

Edison plant shifts to tenHour day in Orange

Orange New Jersey July 20 The Thomas A Edison works began a full tenhour schedule today with two thousand men. The plant had operated on an eighthour schedule for months.

Orange N. J Thomas A. Edison

Business Troubles Prompt Receiver Appointment

In the United States District Court Judge Hough appointed J. Gruenberg as receiver for Schulman & Goldstein, makers of women’s dresses and skirts, at No 4 East 10th Street. The stock is valued around $2,000 with debts estimated $1,000. Leon Noel’s glass business on Morningside Avenue near 124th Street shows liabilities of $46,067.61 and assets of $31,429.93. Gehlen Company furniture dealers and decorators at No 42 Union Square show liabilities of $12,660, nominal assets $4,074 and actual assets $425.

United States District Court J. Gruenberg Hough Schulman & Goldstein East 10Th Street Leon Noel Morningside Avenue 124Th Street Gehlen Company No. 42 Union Square

Food market report shows steady beans and strong butter

Domestic bean volumes remain light with steady demand for select grades while Scotch peas hold. Butter receipts rise to 10,069 packages with buyers seeking under 23c for creamery specials and firm top grades. cheese prices advance across the board amid strong demand, and egg markets stay active with tight high quality stock.

New York Lima California Liverpool

Food Market Report Highlights Wide Range of Graded Stock

The market shows packed ungraded stock at 17 to 19 cents with fair demand, most goods selling near 18 to 18 1/2 cents. Fruit and produce prices vary by item with apples, pears, peaches, melons, and berries listed. hops dull. hay and straw steady to firm. poultry and poultry products firm with steady or higher prices for select items.

Pennsylvania Pearl Southern le Conte Georgia Maryland Delaware Jersey New York Jersey Mountain California Arizona Virginia Baltimore North South Carolina Florida Porto Rico Pacific Coast Oregon New York State State Express Broilers Philadelphia Long Island South Grecorn Hackensack South Jersey Shelter Island Bermuda Barket Kentucky Orange County Bpinach Nearby Monmouth County Acme Do Grant de Grant Toledo

Also Mentioned on This Page

Pic C. P Prosperity Association Appeal Central Gpeorgia Detroitant Mackinac Rees Ito Duluth South Shore & Atlantic Chitago Indianapolis Louisville Colorado & Southern Miles Louisville &. Nashvill Berne Minneapolis & ST. Louis Minneapolis, ST. Paul Sault Ste. Marie Mobile & Ohio Peoria & Western Baers Arnee United Railways OF Monk Ican Pargins, & Mestae Inc U. P Alb & Susg. GS Ra & Chio Alb & Vermont Lenrer & C Allegh & Weet la & Mo Riv Am Tel & Cable Little Miami At & C A Lowell & and Zao Aug & Sav Mahon Coal Pf Avon G_& Mt Beech Creek Morris & Essex Berkshire Nash & Decatur Nashal & Bost & Albany N Y & Harlem Bost & Lowell NYL& W Bost & Prov Ninth Ave Ee Brooklyn Cit Cam & BR N RR North Carolina Catawist Pt NG Cayuga & Sus North Penn - Cpn&er m Northwest Chat’chee & G Nor & War of Ch & E Mi Ctfs Ogden Mine Sonece Old Colony Cleve & Pitts Oswego Xenia Pac At Trhs M Union Me Pat & Hud R Concord & Moniss Pat & Ramapo Conc & Ports Peoria & BV C & Pass Pf Phil & Trento Conn River B&le Bel & Ba Det Hills & S — Pitts East Penn East Mahanoy Rai Pitts McK & Y Eighth Avenue Fit & William Renns & Sara Red Erie & Kalam RW & O Erie & Pitts Second Avenue Fitchburg Pref Sixth Avenue W & J Pf At Tel St&g St F Franklin Tel Grand River Vy Utica C &@ S Greeneebexeno Warren R Hert & Conn W Charles D. Barney & Co Broad 9 South 4Th Street Am Cement Lehigh Va R R Am Ry Co Marsden A Cambria Steel Bby Phila Co. Ae Ler St Bat Co Aetad Penn R R Co Elec Co Penn Steel Co Fairmount Trace Phila Elec Co Phila Rap Tr Iw Ins Co Union Traction Lake Sup Corp Welsbach Co Lehigh Phila Elec Flec & Peo Peo Pass Ry Ee Co Bs Ea Na Interest Jackson Gas Isa Kan City Lafay Mutual Y&er Ohio & Ind Paterson & P G Pitts Denver Fort W ING & O Lt & Tr St Paul Gas Indianapolis Gas Syra Lt & P Ferry Companies el Bia Brooklyn Ferry Ogo Union Ferry San Francisco Alpha Belcher Occidental Best & Eicher Ophir Erberee Savage Confidence Bag Belch Cal Sierra Imperial Osi Leyte Crown Point Union Gould & Curry Utah Yellow Jacket Sercreers Hale & Norcross Aeepeereeseres Julia First National Copper Company First National Amalgamated St. Paul Taft Bryan Thomas W. Lawson Cotton Investigation State of Detroit, Toledo & Ironton Railway F. Kingsbury Curtis Irving M. Dittenhoefer Counsel Joseph Ramsey, Jr Izzman Chai Newman Erb Charles H. Gilman Hugh H. Harrison Edmund Seymour A. N. Thompson Allen T. West Walter L. Worrall Broad Street Eee Galicta Hungary Tribune Office Allike Kansas City H. H. Hollis Jellffe. Wright & Co George & L. S Dillenback B. W. Otis & Co Rio S. Judd & Co S. Sanders Liberty National Bank U. S WU. S GRR Dee Enaseaki Saedegetal County of Frederick B. Schenck H. M. Cleaver Henry P. Davison Daniel G. Reid E. & Converse Garfield National Bank York Tate of New VU. S Caaca Hecks Saker Asec Csneeteaseeecs W. L. Douglass Epgar R W. Poor James McCutcheon W. H. Geilshenen Moetten Io Newton & Co Virginia Lambs Tennessee West Virginia Kerns Commission Co IMI Indiana San Virginia Lamb Judd & Co Sanders Edison Country Produce Markets Andrew J. McCormack Adrian H. Muller & Son William ST Vesey Street United States Reduction & Refining Mtae Virginia Midland R. R. Co BP c Electric Cable Co Co & Geld Shes. Electric Cable Co National Bank of Jersey City Brooklyn City R. R. Co Adams Express Co Trust Erie & Pittsburgh R. R Hudson & Marhattan R. R. Common Hs. Hicks Locomotive & Car Works American Exchange National Bank Sehs Flatbush Trust Co Natl. Bank Brooklyn Inter Borough Realty Co Eastern Steel Co Brunswick Construction Mtge American Railway & Lighting Co Hadsell Lime Co Sha Trust Co. of America Iron Steamboat Co Electrical Lead Reduction Co Electrical Lead Reduction Co. Common Dominion Securities Co State Telephone Co Ertifcates Knick Pittsburg & Westmoreland Shs. Trust Co New Jersey National Surety Co van Norden Trust Union Natl Bank of Newark National City Bank Bank of Commerce First Natl Bank of N. Y. Realty Owners’ Co John M. Thompson & Co Nevada-Utah Mines & Smelters Co American Smelters Securities
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