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This newspaper page contains 21 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 22, 1908

Page

3

Financial market notes from the street and rail lines

Foreign houses traded 000 shares with consols weak and mining heavy. Money flows shifted from consols to other securities while Irish land loan jitters were cited. Georgia Railroad bonds sold to Joseph Walker & Sons and John W. Dickey. Baltimore and Ohio earnings fell in June. National Surety Company six month writings reach 21 million. Gold shipments to Canada rise as banks seek gold. New York Gas and Electric bonds yield near 5 percent, with potential for price recovery. Dividends declared by several utilities and Frick in town at Pride’s Crossing.

Tondon Chicago Georgia Railroad and Banking Company Joseph Walker & Sons Broaduest John W. Dickey Augusta Georgia Railroad and Tanking Company Louisville & Neckville Atlantic Coast Line Baltimore & Ohio Baltimore & Ohio Railroad Company Rational Wmihex Condi National Surety Company Canada Bank of Montreal Bank British North America Northwest NEW York Gas and Electric Light Beat and Power Company Spencer Trask Cor New York Ce Commission People’s Get Light and Cokery Illinois Central Os & Bureau Valley Frick H. C. Frick Pride's Crossing Missouri Pacific Og- Street Missouri

Suspension of Cameron Currie Co. on New York Exchange

The Detroit firm Cameron Currie & Co. failed, with liabilities around 1,000,000 dollars. A four member creditor committee including A. Miller and James W. Chapman was appointed to investigate. Cameron Currie, a stock exchange member, had been admitted to the exchange January 1, 1883.

Cameron Currie &Co Detroit New York Exchange Cameron Currie Se Stock Exchange Letrott A. Miller James W. Chapman Harry Hetman Zebe Sackeun Mr. Currie

Rochester Rail Line Sold In Foreclosure Action

Rochester July 21 The Rochester Charlotte and Manitou Railroad trolley line was sold at auction for 12400 dollars to Kendall B Castle a local lender. The sale stems from an 84 foreclosure brought by bond rollers and is believed to involve the Mohawk Valley Company a branch of the New York Central System.

Rochester Charlotte & Manitou Railroad Are- In Kendall B. Castle Mohawk Valley Company Kew Yok Central Sysiem

Cotton Exchange Probing Committee Named

The New York Cotton Exchange announced a special eight member committee to investigate current cotton contracts. Chairman Arthur R. Marsh said the probe aims for a thorough, open inquiry over two months or more with input from all interested parties including the Bureau of Corporations. The process seeks sound, permanent changes aligning with the cotton trade’s interests.

New York Cotton Exchange Arthur R. Marsh George Brennecke Samuel T. Hubbard R. Siedenberg L. Mandelbaum T. E. Hicks George W. Neville Mr. Marsh Board of Managers Bureau of Corporations

Morse fighting to regain control of banks

Morse, formerly in control of the National Bank of North America and the New Amsterdam National Bank before the panic, pursues plans to regain ownership. He has been buying receiver's certificates and offers settle ment to depositors at full amount minus 6 percent interest. Receivers announce intended dividends as trials unfold, with New Amsterdam paying 25 percent second dividend and National Bank of North America preparing 5 percent in September.

Charlies W. Morse National Bank of North America New Amsterdam National Bank Morse Charles A. Hanna Mr. Morse John H. Edwards The New Amsterdam Hanna

Profits Named In Coster Bankruptcy Hearing

The examination of W B Coster, brother of the late Charles Coster, continued in the bankruptcy case of Coster Knapp. Debits of 2130 percent were linked to joint accounts, with Coster claiming ignorance. Personal dealings from 1899 to 1900 showed a profit of 1.2 million dollars. An effort to retrieve papers from Mrs Coster’s former counsel is planned before the July 28 hearing.

W. B. Coster Charles Coster Stock Exchange Coster, Knapp & Co Peter B. Olney Costers Coster W. K. Post Post

Involuntary bankruptcies filed in New York firms

Petitions in bankruptcy were filed in federal court against N Mittelman & Co makers of children suits at 27 East 10th Street with $59 850 in claims. E P Prentice appointed receiver. Additional involv includes Frederick Hall dry goods retailer at 721 Tremont Ave The Bronx with $12 000 claims and $6 000 concealed assets. Schedules show Liabilities and assets for Blecher Eiseman Co Broome Street, Nathan Abend Greene Street waist maker, Thomas Mathews Co Madison Ave art dealers, and other creditors and amounts. A default judgment for 9 948 against America West Africa Trading Co at 68 Broad St in Olivar & Co and a 46 198 judgment against Brown & Fleming Contracting Co at 129 Broad St in favor of John Fleming.

N. Mittelman & Co Nathan Mittelman William Moskowitz East 10Th Street Brauer & Louis and E. P. Prentice Frederick Hall Tremont Avenue The Bronx Germany Knauth, Nachod & Kuhne William Street Nathan Abend Greene Street Thomas Mathews Company Madison Avenue P. M. McAllister Enfield Conn Osborn Congleton Hackensack N. J Madeline J. Brown West 46Th Street John E. de Baun Broadway London Realty Company Anne McAllister John Fleming Brown & Fleming Brown & Fleming Contracting Company

Boston Exchange Repudiates Curb Connection

Boston stock exchange members will not be connected with the Boston curb after August 1. The governing committee announced at a special meeting that no member or partner firm may be connected by telephone or telegraph with the curb, directly or indirectly, from August 1 onward.

Boston Boston Stock Exchange Stock Exchange

Judgments Filed in County Clerk Office

Judgments entered yesterday list debtors including America West Africa Trading Company and individuals. Amounts shown include 25 525, 23 020 09, 1 680 83 with creditors such as Fleming Cohen and the American Bank.

America-West Africa Trading Company Rudner Bamuel Eter Roth Elia Hoth Rosa Rudner Huamerican Bank

Market rise in railroad stocks since 1907 panic

The aggregate common capital stock valued at $970,903,232 has risen by more than $228,000,000 since 1907, about 23 percent. Major gains include Pennsylvan ia Railroad over $61,000,000, Delaware, Lackawanna & Western over $34,000,000, Reading over $31,000,000, Baltimore & Ohio over $30,000,000, and Union Pacific up $97,000,000. Western roads overall gained $343,045,473 across eleven firms, with Great Northern and Northern Pacific among notable risers.

Pennsylvania Railroad Company Delaware, Lackawanna & Western Reading Baltimore & Ohio Ontario & Western Erie New York, Ontario & Western Union Pacific Southern Pacific Great Northern Northern Pacific Chicago & Northwestern Western

Corey Pleased With Steel After Europe Return

William M. Corey, president of United States Steel, said after returning from Europe that business has recovered from the panic low to about 55 percent of normal capacity and shows signs of further improvement. He denied reports of plans to buy preferred stock, swap for bonds, or to take over Colorado Fuel and Iron.

William FE. Corey United States Steel Corporation Europe Corey Steel Corporation Colorado Fuel and Iron Company

New Standard Oil Record High as Court Decision Hinted

Standard Oil stock surged in the curb market yesterday, closing at 646 after an intraday peak of 6 points higher. The rise follows rumors of a favorable court ruling and reflects a $260 million gain from fall lows, despite prior panic and multiple federal lawsuits including a $29 million fine.

Standard Oil

Purchase of Central Pacific Bonds by Major Banks

National City Bank Speyer & Co and Kuhn Loeb Co announced the purchase of 18 million dollars in Central Pacific Railway first and refunding mortgage bonds. The issue completes the 1899 authorized 100 million and secures the Harriman line from Omaha to San Francisco. Bonds will be offered to the public near 97 percent with proceeds to redeem Southern Pacific float.

National City Bank Speyer & Co Kuhn, Loeb & Co Central Pacific Railway Central Pacific Harriman Omaha San Francisco Southern Pacific Southern Pacific Union Pacific

City approves Clark Street Railways franchise renewal

Springfield reports the City Council granted a renewed twenty year franchise to the Clark Street Railways syndicate of New York and Philadelphia despite citizen opposition at a 2 pm meeting. Other items note revenue officers enjoined over new distillery product marking in Cincinnati, a receivership peace move in Chicago, a Panama Canal supplier bid inquiry in New Orleans, a Philadelphia loan by city councils, and bond payments authorized for Nernst Lamp Company receivers.

Chicago T Lotis Toledo Railways & Light Inc Tize2 Inc. S Tize2 Inc. S.5ae Cues * Seer Asesee Cannon Iver Fecome Oaseee Soneree Mount Vernon Manhattan Mercantile Oacce Mige Bond Co Ueens Co Av T G & T Co Tbushivs Tite Truet Co Amwaa Union Fidelity - 45 United States Guerenty T Co Cas Co USTG Ico Uuus Ma&t Co van Norden Hedson Tr Ce Budeon Realty Westchester Washington Ant Brig Corp Wa& Rt&mco Kings County Ann Sseccee Knickerbocker Windsor Springfield Clark Street Railways Syndicate New York Philadelphia Cincinnati Internal Revenue Thompson Clifton Springs Union

Marine Almanac and Markets Report Summary

Marine notes provide sunrise and moon data, high tides, and wireless reports with ship positions and arrivals. Chicago grain and provisions summary describes a brisk wheat market, corn softening, oats rising, and provisions strengthening late, with assorted receipts and futures closes.

Shipping News Arrivals and Sailings at Port Bar

The port reports multiple arrivals including Steamer Avalon from Nor with fruit, Steamer Noordam with cabin and steerage passengers, and Steamer City of Memphis with passengers and mails. Also listed are cargo and passenger ships sailing for various ports, with details on quarantine, arrivals at the bar, and notable cargo such as oil and sugar.

Avalon Rasmussen Sama Cuneo Importing Co Bar Marowlino Dryver Paramaribo Barbados Royal Dutch West India Mali Malls Moise Har Noordam Grielnger Rotterdam Boulogne Holland-America Line Washtenaw Connor Sabine Pass Standard Oil Co Tennyson Allen Santos Rio Janeiro Victoria Bahia Pernambuco Busk & Jevons San Juan Foss Guanica Mayaguez Humacao Jobos Ponce New York & Porto Hico Si Co Cherokes Archibald Santo Domingo City Macoris Sanches Samana Puerto Plata Monte Cristo Turk’s Island Clyde Ss Co Concho Young Galveston Key Mallory &S Co Quarantins Indianapolis Cove Macorin Delaware Breakwater Hugh Kelly & Co Saratoga Downes Havana New York & Cuba Mati Ss Co Kaiser Wilhelm der Grosse Ger Polack Bremen Southampton Cherbourg Oelrichs & Co Monroe Hulphers Newport News Norfolk Old Dominion Ss Co Abe Gera Meyer Atlantic Fruit Co

Livestock Markets Report from New York July 21 1908

Market notes show beeves steady with four carloads 64 head sold to slaughterers and no shipments expected. calves receipts 236 head with common to prime veals at 5 to 8 5 per hundred pounds and dressed calves steady. Sheep and lambs receipts 84 cars were offered with steady prices for sheep and lambs. hog receipts 18 cars 2942 head, nominally weak with late sales around 7.25 per 100 pounds and various bids from multiple shippers and firms in New York and Pennsylvania.

New York Liverpool London Saies S. Sanders Tobin & Shannon Kentucky Virginia Kerns Commission Company Ohio Newton & Co Virginia Lambs Judd & Co Shippers’ Commission Company McPherson & Co New York State Pennsylvania S. Judd & Co

Market cattle and hogs across major markets

Telegraph market notes from Chicago Cincinnati East Buffalo Kansas City Pittsburg and Toledo report receipts and price ranges for cattle hogs and sheep. Cattle steady to higher in some regions while hogs largely steady to lower with varying top and bulk prices noted. Lambs and sheep show modest shifts with regional price spreads and monthly futures activity mentioned.

Wool Market Trades Narrow In Boston Odd Lots

Boston July 21 reports show local wool market transactions confined to odd lots with sales averaging under 100000th each. There has been substantial sampling but manufacturers await orders for goods as prices hold steady amid cautious trading.

Boston

Proposals for Sale of Discarded Printing Equipment

Government Printing Office Washington July 22 1908 invites sealed proposals by August 12 for the sale of discarded printing presses chases bindery and composing room equipment. Right to reject and waive defects reserved. Details and blank proposals available from Public Printer John S. Ech. Office. For miscellaneous railway supplies Panama Railroad Company New York invites sealed proposals for furnishing listed articles by July 1 1908. Blanks and information from Assistant Purchasing Agent F C Nordt sie r.

Government Printing Office Washington Len John Ss. Ech Panama Rail Road Company State Street New York F. C. Nordsier

European Produce Market Liverpool July 21 Wheat to bacon prices

Spot Wheat No 2 red Western winter 7s No 1 California 7s futures firm July 7s Tad September 7s 44d December. Corn spot firm American mixed old 68 10%d futures firm July September 7s 72d. Peas Canadian steady 7s 1d. Flour Winter patents dull 298 6d. Hops London Pacific Coast steady £112% Beef Extra India mess firm 166. Pork Prime mess Western firm Ti td Ham short cut 14 16d steady. Bacon Cumberland cut 23–30d steady 6d short rib 4–2d firm 4a 64 short rib. Short clear back 16–20d steady 448 clear bellies 11–16d firm 47s. Shoulders square 11–13½ 35s. Lard Prime Western refined and impati steady.

Liverpool California Mae London Pacific Coast India

Also Mentioned on This Page

Baltimore Umimed Ty van Schaick & Co Wall Street Cotton Duck Sane Norf Ry & L Fe Chas City Ry Bs Mnion Trust Third Nat Bank Fidelity & Dep Maryland Trust Cem Upstate Cotton Exchange Probe United States District Court Boston Exchange CURB Steel Telegraph Business Notes United Boxboard Grosscup New Orleans Colonel Goethals Canal Commission Pittsboro Youn Nernst Lamp Company Westinghouse New York Central Lines Equipment Trust Guaranty Trust Company Procter & Borden York Potter, Choate & Prentice Nassau Street Marine Intelligence Moon Sandy Hook Gov. Island Hell Gate Campania Transpacific Japan Corean China Philippine Islands Seattle Shawmut New Zealand Australia Samoan Islands New Caledonia Lord Sefton Hawaii Corea Philipands Vancouver WVBC Guam US Transport Tahiti Marquesas Islands Pine Islands Sante Francisco Philt Dulness South Dakota Bradstreet’s Minneapolis Duluth Northwestern Persom Trameter Thomas Lowry Charles F. Clement Minn Jacksonville Clyde Campania Queenstown Cunard Hudson Gibraltar Ayala Wells City Swansea Eeecristol Maracas Grenada Trinidad Kelvingrove Bantos Plymouth Hamb-Am Bordeaux Havre White Star Bermudian Ae Bermuda Quebec Pring Willem Iil Hayti Dwti Mexico Seeceae Ward Seasiginis Actee Eh Tariba E Tenes Raila Mauretania Cunard Prinz Sigismund Hayti Hambarn Dockra Argentina Barber Eugenia Naples Oea Comal Mallotere Old Dominion la Provence Rene Deutschland Hamburg Morro Castle Cree Ah Hoes Colon Panama Lloyd F Tietgen Christiania Comanche Clyde City of Columbus Savannah Homerous Houston Hughenden Shipping News Port of Kaiser Wilhelm II Joseph J Cuneo Nor Port Antonio Anita Nipe Coya Valparaiso Inverclyde Hong Kong Shanghai Ocean Cherlois Flushing Mansas City el Sud Princess Anne Peninsular Port St. Michaels Lisbon Norwich Port Maria Etc Manna Hata Algonquin Charleston Colorado Tampa Mobile Lusitania Suez Argentele Calcutta Colombo Kron Ring Wilhelm Rye Moltke Colonate Montevideo Newton Hall Buenos Aires Rosario Algiers Abana Wham Trieste Ida Ausy Uly Port Natal Kalibia Batavia Marseilles Madonna Germania Napies Bloemfontein Malta Yokohama Head Brooklyn City Bristol Bagres Piemonte Ital Genoa Julia Alpha Andes Occidental Ophir Caledonia Overman Savage Confidence Cal & V Sierra Nevada Imperial St Louis v. Crown Point Gould & Curry Yellow Jacket Seegeee Diale & Norcross H. H. Hollis J. G. Curtis & Son R. Hume I. P. Nelson Andrew Mullen Supreme Court County OF New York Ethel Bohnett Philip Bohnett Smith New Yorty Henry Bischoff Supreme Court of State of New York County of Naesty Street New York City Reme Court New York County Hamilton Bank of Annie Linder Exchange Vesey Street Borough of City Byoseph P Sald Ee City of New York North Melrose Morrisania West Farms Andrew Findlay Register County of Westchester Courtlandt Avenue Louis Lese Ifod Street Joseph Pool Gifford, Hobbs & Beard Borough of Manhattan East Iield Street Borough of the Bronx 63Rd St Joseph Fool Plaintiff Telegraph East Buffalo Kansas City Texas Pittsburg Toledo Boston Wool Market Isthmian Canal Commission Washington, D. C Custom House U &Neer Raltimore Nadelphia Mass Buffalo N. Y Cleveland Se Louis Mich Milwauke Wis St Paul Delaine Michigan Wisconsin Indiana Middle County Oregon
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