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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
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Nearby
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de Grant
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Irving M. Dittenhoefer
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Joseph Ramsey, Jr
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