Freight Rates Ruling Signals Early I C C Investigation
The Interstate Commerce Commission announced it will begin an inquiry into freight rate increases without awaiting formal complaints. It may study reasonableness of raises in packing house, grain, and sugar tariffs, filed for October to Southeastern routes. The move follows prior injunctions and aligns with a broader push for rate scrutiny.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Commission
Atlantic
New Orleans
Chicago
Duisth
St. Paul
Mississippi River
Kansas City
Texas
Cincinnati
Roosevelt
Knapp
Gpeer
Southern Judicial District of Georgia
Atlantic Coast Line
Louisville & Nashville
Nashville, Chattanooga
Southeastern Freight Association
Edrance
Georgia
Chattanooga
Onie River
Speer
Freedom to combine freight under single rate favored
Interstate Commerce Commission approves combining small quantities of freight from different ownerships into one shipment either by mutual agreement or via forwarding agencies. Carriers must not charge lower rates for bulk shipments that mix owners, preserving equal treatment and preventing disruption of established transport practices.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Commission
United States
Supreme Court
Lane
California Commercial Association
Agt
Wells Fargo & Co
Express Company
Chicago
New York
Erie Sees Improvement in Railroad Business and Wages
A railroad statement reports growing business and rising employment, with more workers added to the operate department and shops busy. It notes no wage reduction planned, but hints at a possible slight freight-rate increase to sustain activity amid a recovering market and high crops in the Northwest.
MENTIONED IN THIS ARTICLE
Erie
Steel Interests Favor Freight Rate Rise Among Railroads
Semi official comments indicate iron and steel producers would support a 10 percent freight-rate increase. United States Steel Corp faces $10 million annual rise on a near $100 million yearly freight bill, but expects higher orders from railroads to offset costs. Proponents say higher rates would spur railbuyer demand, boost steel demand, and improve money conditions while not harming consumers. Industry leaders like W A Garrett of Seaboard Air Line and J C Stubbs of Harriman lines advocate fair rates and rail-shippers conference over Sherman act actions.
MENTIONED IN THIS ARTICLE
Iron and Steel
United States Steel Corporation
W. A. Garrett
Seaboard Air Line
J. C. Stubbs
Harriman Lines
U S In World Markets Says Lisman
Wall Street broker F. J. Lisman returned from a three month abroad trip and warned that U S market conditions drive world markets. He noted a backlash to the U S panic, with London trading slowing when U S stocks are dull and European markets following U S activity after periods of strength and decline.
MENTIONED IN THIS ARTICLE
F. J. Lisman
Wall Street
United States
Mr. Lisman
London Exchange
Treasury will not redeem bonds due August first
The Treasury Department will not redeem the 3 percent Spanish War bonds on August 1 and plans to continue them or convert to 2 percent bonds. About 45 million bonds remain, with annual interest around 2.4 million if kept, or 1.3 million if converted. Officials foresee no benefit to issuing 55 million more 2 percent bonds and expect the currency bill to reduce demand for such securities.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Treasury Department
United States
Evess
Treasury
Congress
Western Road Stock Books Open for Transfer
Announcement that the stock books of the Denver & Rio Grande Railway Company will open for transfer today and remain through Friday as the company merges with Rio Grande Western into the Denver & Rio Grande Railroad Company. Old shares keep privileges and convert 1 for 1 after August 1. Merger ratified by stockholders in Denver on July 2.
MENTIONED IN THIS ARTICLE
Denver & Rio Grande Raiload Company
Rio Grande Western
Denver & Rio Grande Railroad Company
Denver & Rio Grande
Denver
Denver and Rio Grands Railroad Company
Colorado
Utah
Denver and Rio Grande Railroad Company
New Consolidated Company
The
Consolidated Company
Gould Interests Near Banking Alliance On Gould Railroads
George J. Gould expected home from Europe as talks with Kuhn, Loeb & Co. and E H Harriman move toward a banking alliance. Plan favors rehabilitation of Gould roads with Blair & Co. and Kuhn, Loeb arranging short term notes exchange for maturing Wheeling & Lake Erie debt guaranteed by the Wabash.
MENTIONED IN THIS ARTICLE
George J. Gould
Europe
Gould
Kuhn
Missouri Pacific
Goulds
Union Pacific
Southern Pacific
Illinois Central
Stuyvesant Fish
Erie
Baltimore & Ohio
Gould Hnes
Wheeling & Lake Erie
Wabash
Blair & Co
Kuhn, Loeb & Co
A Prosperity Congress Aims to Boost New York Business
Five thousand commercial travellers plan to converge on New York August 14 and 15 for a prosperity congress. They will report good news from across the nation and urge confidence in the railroads. A committee will study plans for reviving business as E C Simons calls for fair railroad treatment and abolition of hindering laws.
MENTIONED IN THIS ARTICLE
New York
E. C. Simons
National Prosperity Association
Metz
Bulls Drive Sharp Cotton Rally Led by Livermore
In a quiet local session the July and August cotton options jumped with bulls taking charge. July rose to 9.75 cents, August to 9.74 cents, amid claims of 100 000 to 200 900 bales long. Bears warned of draw from the South if August reached 10 cents. Bulls argued current levels lag parity with Southern spot and much new cotton was headed to spinners.
MENTIONED IN THIS ARTICLE
J. L. Livermore
Alabama
Great Southern
Central OF Georgia
Cincinnati
New Orleans
Texas Pacific
Chicago
Indianapolis
Louisville
Ash
TI - Detroit
International
Great Northern
Steve
Bankruptcies filed in U S district court list several cases
Voluntary petitions show Alfred J and William Swift trading as Coyne National Trade School at 239 Tenth Ave with liabilities 39912.08 and assets 32404.51. Bernard Kaufman of Yonkers owes 14500 with no assets. Involuntary cases target Sable Brothers and Ansonia Stable Co with claims over 1000 and 97,835 respectively. Other assignments include Morris Ornitz and H C Zettler with modest assets and debts.
MENTIONED IN THIS ARTICLE
Alfred J
William 8. Swift
Coyne National Trade School
Tenth Avenue
Swifts
William R. Coyne
Sterling
Ill
Eldridge Street
Isidor Singer
H. C. Zettler
Haberdashery
Broad Street
Grains Fall on Chicago Board as Wheat Corn Oats Slip
Ideal weather for the new crop triggered broad weakness across grain markets on the Board of Trade. September wheat eased to around 90 3/4 cents. corn and oats also declined amid favorable Northwest weather and weak European cables. Provisions fell as pork, lard, and ribs weakened with live hogs and the overall bearish tone. Local receipts showed multiple car counts for wheat, corn, oats, and hogs expected tomorrow.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Shorts
Minneapolis
Duluth
Liverpool
Livestock Market Report Shows Slow Trade and Mixed Prices
Receipts for two days total 185 cars about 8 809 head with 149 cars direct to slaughterers and 7 5 cars for market. Native steers sold around 485 87 10 per 100 lb, bulls and cows uneven, dressed beef steady at about 42 11 per lb. Exports to Bermuda planned next day with 18 cattle and 105 sheep.
MENTIONED IN THIS ARTICLE
Jersey City
60Th Street
London
Bermuda
Virginia
New York
Ss.s
Sixtieth Street
Fortieth
Lehigh Valley
Weehawken
West Shore
Schwarzschild
Minnehaha
J. Shamberg & Son
Minneha
Swift Beef Co
Ss. Majestic
Morris Beef Co
Boston
Montreal
Liverpoo
Glasgow
Bristol
Manchester
Cattle and calf sales mix from Kentucky and Virginia stock
Receipts of cattle calves and sheep at markets show mixed prices. Multiple sellers including Tobin Shannon Judd Andrew Mullen and J P Nelson move many bulls cows calves and lambs with varied weights and price per hundred pounds across Kentucky Virginia Indiana and West Virginia lots. Hogs saw steady to lower tone with state hog sales around 7 per 100 pounds and roughs around 10 percent higher.
MENTIONED IN THIS ARTICLE
Tobin & Shannon
Kentucky
Virginia
Judd & Co
Dull
Andrew Mullen
Oda
J. P. Nelson
G. Curtis & Son
Hollis
Los . Jelliffe, Wright & Co
Ww. R
60Th Street
Jersey City
Ss S
W. R. Hume
Jelliffe, Wright & Co
H. H. Hollis
George & L. S. Dillenback
S. Judd & Co
SIM
S. Sanders
Kerns Commission Company
Indiana
McPherson & Co
Newton & Co
S. Juda & Co
Pennsylvania
Shippers’ Commission Co
West Virginia
Virginia Do
Virginia Sheen
Kratz
Virginia Lambs
New York State
R'ataga
San Francisco Mining Stock Closings
The official closing quotations for mining stocks in San Francisco on July 27 show today’s price movements across active mining shares. Notable gains and losses reflect market sentiment for precious metals and exploration firms.
MENTIONED IN THIS ARTICLE
San Francisco
Also Mentioned on This Page
Commerce Commission
U. S
Western Road
United
States District Court
Denver and Rio Grande Railroad
E. T. Jeffery
Stephen Little
New York City
Detroit, Toledo & Ironton Railway CO
Amer Ee Feigens Ie Ee
F. Kingsbury
Curti Couns
Irving M. Ditzenhoefer
Joseph Ramsey, Jr
Newman Erb
H. Gilman
Charles Hugh H. Harrison
Edmund Seymour
J. N. Thompson
Allen T. West
Walter IL. Worrall
Sault Ste. Marie
Western
Steece
Toledo
Peoria
Texas & Pac
Texas Central
Inc
Ewenteenes
Chicago Grain and Provisions
26Th Streete
Gray’s Ferry Road
Philadela
F. G. Hodgson
Natwest Point
U. S. Army
Gents
Wildman & Meguyer Ltda
Enamel Works
Birmingham
Eng
Andrew J. McCcormack
Adrian H. Muller & Son
William &T
Vesey Street
Crucible Steel Co. of America
United Sta Steel Core
Central Pacific
Bas
Syracuse Lighting Co
Westinghouse Elec. & Manly. Co
Sha. Christopher
10Th St. Worry
Citizens’ Central National Bank
Mechanics’ National Bank
Southern Railway Co
West Virginia Midland RR. Co
National Bank of Jersey
Ty. N. de
Norfolk & Western R. R. Co
Lawyers’ Mortgage Co. Security Co
N. Y
American Spirits Mans Co
Great
Jones Street
Mercantile National
Garfield National Bank
New Amsterdam Natl. Bank
Electric
Guecenheim Exploration Co
Dha
Crawford Real Estate & Building Co
Batterick Co
M Montgomery
Jackson
R R. Ist
P. c
Central Bust Co
Mobile
Ala
Decatur & Western R R. Ist Co
Central Fire Works Co
Hamiiten
Dayton R. BR
Frabash K. F
Omahe
Brooklyn Ferry
Knickerbocker Trust Co
Ctr
North American Co
Ads. Trust Co. of America
Erle & Pittsburg RR
Fonda, Johnatown
Gloversville Roway Co
Cayadutta Electric R. R Co
Coal & Iron Natl Bank
Hudson
West Point
Newburgh
Poughkee
Palace Iron Day
Hendrick Hudson
Brooklyn
Fulton St
Annex
Desbrosses St
W. 129Th St
Mary Powell
Gramercy
RED Bank Line
Frankli St
NS. A
Highlands
Long Branch
Ocean
Foster's
Str
Trinity
West 91St ST
Berlitz School
Madison Square
Broadway
Harlem
Lenox Ave
127Th
Court Stud
Asbury Park
Worrall Hall Military Academy
Ideal Home
College of Business
Connecticut
Lakeville
Taconic School For Girls
Jake
Berkshire Hite
Lilian Dixon
Wellesley and
Brys Mawr
Bertha Bailey
Wellesley
Starkey Seminary
Seneca Lake
Watkins
M. Summerbel
Lakemont
Oravian
Max Hark
RYE Seminary
Mrs & J. Life
the Misses
Law School
NEW York University Law School
Ee Ee Eee
Adiream
T J Tompkins
LL. Bollm
Washington Sq
American and Foreign Teachers Agency
Mr. Young-Fulton
Union Square
Henry . Bischoff
Persens
John Pearl
Te Avenue
Borough of Manhattan
John Block
Borough of Anheatamn
Wutin City
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