Freight rates ruling triggers I C C probe on advances
The Interstate Commerce Commission moved to investigate whether recent freight rate increases are justified even before formal complaints. It plans action on its own motion if tariffs show general increases, focusing on packing house products, grain movements, sugar routes, and class rates from Missouri River points to Texas. Judge Speer previously blocked similar increases with injunctions and bonds, guiding later ICC actions.
MENTIONED IN THIS ARTICLE
Qweshington
Interstate Commerce On
Commission
Tates
Atlantic
New Orleans
Chicago
Cincinnati
Roosevelt
Knapp
Ise
Speer
Southern Judicial District of Georgia
Atlantic Coast Line
Louisville & Nashile
Nashville, Chattanooga
Western
Southern
Judge Speer
Southern Railway
Southeastern
Southeastern Freight Association
Georgia
Chattanooga
Ohio River
Freight shippers may combine small lots at lower rates
The Interstate Commerce Commission ruled that shipper owned packages may be combined into a single carload for shipment at lower rates. The decision protects small shippers from discriminatory charges and cites Wight v United States and English equality clauses.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Commission
Wight Agt
United States
Supreme Court
Interstate Commerce Law
Lane Amines
California Commercis] Association Agt
Wells Fargo & Co
Express Company
Chicago
New York
Erie Sees Improvement in Railroad Business
A railroad statement says there is undeniable business growth and steadily increasing hiring in the opening department. It notes busy shops restoring rolling stock in preparation for higher volume, with wages not to be cut but freight rates may rise to avert cuts, and claims U.S. rates are high compared with other countries.
MENTIONED IN THIS ARTICLE
Bellevhans
Erie
S &Ry
Steel firms back freight rate rise as railroads urged to buy
Semi official comment says a 10 percent freight rate increase would raise annual costs for major iron and steel producers like United States Steel. Yet executives expect higher rail orders to offset the expense, boosting overall profits and easing money conditions while preserving demand for rails and equipment. W A Garrett of Seaboard Air Line and J C Stubbs of Harriman lines endorse a fair rate rise, arguing it benefits both shippers and railroads through broader market recovery.
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 With Lisman Sees Growth Dominance
Wall Street broker F J Lisman returning from three months abroad notes the United States remains the dominating factor in world markets. He cites a global reaction pattern linked to the U S stock market and says foreign markets follow America after periods of U S activity and upward movement.
MENTIONED IN THIS ARTICLE
F. J. Lisman
Wall Street
United States
Mr. Lisman
London Exchange
Treasury Won't Redeem 3 Per Cent Spanish War Bonds
The Treasury Department will not redeem the 3 per cent Spanish War bonds due August 1. They will run on or be converted into 2 per cent bonds when practical. About $65 million remain outstanding. refunding is not pursued to avoid market disruption.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Treasury Department
United States
Treasury
Congress
Western Road's Stock Books Open for Transfer
Announcement states the Denver & Rio Grande Raiload Company stock books open for transfer today and stay open until Friday. The firm will cease to exist as it merges with Rio Grande Western into the Denver & Rio Grande Railroad Company. Old shares gain rights in the new firm. exchange possible after August 1 at one for one. Merger ratified at Denver stockholders meeting 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
Adrian H. Muller & Son
William &T
Vesey Street
German-American Bank
Crucible Steel Co. of America
United States Steel Pla
American Aatural Co
Central Pacific Away
Citizens’ Central National
Mechanics’ National Bank
Southern Railway Co
Devip. & Genl
Mtge Ric
West Virginia Midland RR. Co
National Bank of
Jersey City
N. J
Norfolk & Western R. R. Co
Lawyers’ Mortgage Co
N. Y. Mortgage & Security Co
Mtss Pc
Bas
American Spirits Manly. Co
Great Jones Street Realty
Metropolitan Surety Co
Import
Mercantile National Bank
Arfield National Bank
New Amsterdam
Ectric Storage Battery Co
Uggenheim Exploration Co
Crawford Real Estate & Building Co
Butterick Co
American Ice Co
C. Bas
M Montgomery
Monile
Jackson
Kansas City
R. R
P. c. Bas
Central Trust Co
Mobile
Ala
Indiana
Decatur & Western R R
Couper. Works Co. Common
Central Fire & Dayton R. R
Cin
Hamilton P. c
Wabash R. R
Omaha
Brooklyn Ferry Co- Bas
Knickerbocker Trust Co
Ctr
North American Co
Trust Co. of America
Kingsboro
Gould Interests Plan Banking Alliance for Railroads
George J. Gould returns from Europe to pursue talks with Kuhn, Loeb & Co and E H Harriman to shore up Gould lines. Banking circles expect a coalition to rehabilitate the system, with Blair & Co and Kuhn, Loeb financing the Wheeling & Lake Erie notes and potential short term exchanges for maturing notes.
MENTIONED IN THIS ARTICLE
George J. Gould
Europe
Gould
Kuhn
Gould Properties
E. H. Harriman
Loeb & Co
Missouri Pacific
Goulds
Union Pacific
Southern Pacific
Illinois Central
Stuyvesant Fish
Erie
Baltimore & Ohio
Gould Lines
Wheeling & Lake Erie
Wabash
Blair & Co
Kuhn, Loeb & Co
Prosperity Congress to Draw 5000 Travellers to New York
Five thousand commercial travellers plan a two day Prosperity Congress in New York on August 14 and 15. The advance agents say the gathering will showcase good news from across the country and demonstrate that poverty is not universal. The event aims to spark interest in key industries and aid manufacturers in reviving business. A committee will review revival plans soon. RE. C. Simons urges a resolution of confidence in railroads to speed prosperity via fair treatment and fewer hindering laws.
MENTIONED IN THIS ARTICLE
New York
RE. C. Simons
National Prosperity Association
Metz
Bulls Lift July and August Cotton Futures Sharply
The bulls led by J. L. Livermore pushed the July and August cotton futures higher in a local market move. July rose 44 points to 9.75 cents and August 38 points to 9.74 cents, about 220 and 190 dollars per bale, amid light old crop offerings. Bulls claimed large long positions while bears warned lifting August to 10 cents could draw Southern cotton inland. bulls argued parity with Southern spot remains distant as most new cotton moves to spinners.
MENTIONED IN THIS ARTICLE
J. L. Livermore
Business Troubles Spark Bankruptcy Filings Across Firms
U S District Court records show multiple bankruptcy petitions. Alfred J Swift and William Swift cite assets and liabilities for Williamson trade school and Coyne N. Swift. Clerks Kaufman and firms Sable Brothers Ansonia Stable Co face involuntary filings. Morris Ornitz and H C Zettler list assignments and debts in a period of widespread financial distress.
MENTIONED IN THIS ARTICLE
William 5
Swift
Alfred J
Coyne N. No
Tenth Avenue
Petits
Swifts
William R. Coyne
Sterling
Alfred J. Swift
William
Bernard Kaufman
Loudam St
Yonkers
Julius Robertson
Spruce St
Irving S. Ottenberg
St. Nicholas Ave
Union Exchange Bank
Fifth Avenue
21St Street
Sable Brothers
Madison Avenue
White, Gratwick & Mitchell
Yale, Advance, Lackawanna and Chestnut Lumber Companies
Ansonia Stable Company
West Sith Street
Gillies Brothers
George H. Cornish
Cornish
Morris Ornitz
Eldridge Street
Isidor Singer
H. C. Zettler
Haberdashery
Broad Street
Grain markets weaken on favorable weather in Chicago
Chicago reports ideal crop weather depressing grain futures. Wheat for September falls to 83 1/2 cents, corn down to 74 3/4, oats off to 42 1/2 cents. provisions slide with hogs weak and pork and lard down. Local receipts listed for wheat 141, corn 137, oats 137 cars. futures reflect bearish sentiment across markets.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Shorts
Minneapolis
Duluth
Liverpool
Livestock Market Report with Cattle Receipts and Prices
Two day cattle receipts total 185 cars and 8899 head with exports and market cars noted. Trade slow. steer prices down about 10 to 15 cents. bulls off 15 to 25 cents. cows dull. Native cattle range $4.85 to $7.10 per 100 lb. oxen and stags $3.75 to $5.10. bulls $3.25 to $4.25. dressed beef steady at 8.5 to 9.5 cents per lb. Exports to Bermuda planned. private cables show higher live weight quotes and lower refrigerated beef. Sales cited include Newton & Co and Shamberg & Son with varied Virginia and Ohio weights and prices.
MENTIONED IN THIS ARTICLE
Jersey City
60Th Street
Tewessee
London
Bermuda
Virginia Ateers
New York
Reeves
Cape Jersey City
Sixtieth Street
Fortieth Street
Lehigh Valley
Weehawken Oa
West Shore
Schwarzschild & S
Minnehaha
J. Shamberg & Son
BOO Swift Beef Co
Swift Beef Co
Ss. Majestic
Morris Beef Co
Boston
Neaa
Montreal
Liverpoo
Glasgow
Bristol
Manchester
Estes
Tobin & Shannon
Kentucky
Virginia
Dd & Co
Ee Mullen
J. P. Nelson
G. Curtis & Son
Hollis
Jelliffe, Wright & Co
R. Hume
SS Bese
W. R. Hume
Andrew Mullen
J. G. Curtis & Son
H. H. Hollis
George & L. S. Dillenback
S. Judd & Co
S. Sanders
Kerns Commission Company
Indiana
McPherson & Co
Newton & Co
State
S. Juda & Co
Pennsylvania
Shippers’ Commission Co
Virginia Do
Virginia Sheen
Fred. I. Kratz
Virginia Lambs
New York State
R. Hum
Proposals Sought for Forage at Najest Point Post
Sealed proposals in triplicate for furnishing forage at Najest Point New York will be received until 12 o clock M August 27 1908. Deliveries during the fiscal year ending June 30 1909. Information on request. U S Army reserves right to accept or reject all proposals. Envelopes marked Proposals for Forage. Address Quartermaster U S Army.
MENTIONED IN THIS ARTICLE
Quartermaster’s Office
26Th Street
Gray's Ferry Road
Easen
F. G. Hodgson
Najest Point
N. Y
Quartermaster
U. S. Army
Livestock Auction Prices Show Mixed Results Across Lots
Receipts include cattle calves hogs and sheep with multiple sellers led by Tobin Shannon Jelliffe Wright Co and McPherson Co Kentucky Virginia and Indiana stock highlighted. Hog market steady to firmer while veals and lambs show varied pricing across buyers and car loads.
San Francisco Mining Stocks Shown In Brief
San Francisco notices report July ration figures for mining stocks and related markets with concise details on price movements and listings across several key companies.
MENTIONED IN THIS ARTICLE
San Francisco
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Commerce Commission
U. S
Western Road
Ankruptcy
United
States District Court
Yester
Alabama
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Texas Pacific
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Detroit & Mackinac
South
International & Great Northern
Denver and Rio Grande Railroad
E. T. Jeffery
Stephen Little
New York City
Detroit, Toledo & Ironton Railway
F. Kingsbury Curtis
Irving M. Dittenhoefer
Joseph Ramsey, Jr
Newman Erb
Charles H. Gilman
Hugh H. Harrison
Edmund Seymour
J. N. Thompson
Walter L. Worrall
ST. Paul
Sault Ste. Marie
Mobile & Ohio
al Eatore
Toledo, Peoria
Texas & Pacific
Anaas
Texas Central
Chicago Grain and Provisions
Wildman & Meguyer Ltd
Enamel Works
Birmingham
England
Andes Belcher
Best & Belcher
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Imperial
Crown Point Gould & Curry
Hale & Norcross
New
Occidental Co
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Overman
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Savage
Belcher
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Hudson
West Point
Newburgh
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Fulton St
Annex
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W. 129Th St
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Gramercy
RED Bank Line
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Foster
E. 21St St
Ladies, Soc
Trinity
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127Th Brooklyn
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Ww. J
Worrall Hall Military Academy
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the Castle
Tarrytown-on-Hudson
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Connecticut
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Lakemont, N. Y
Voeatian Seminary For
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aMareas
Max Hark
D. D
Prin
RYE Seminary
Mrs & J. I Ife
Misses Stowf
Rye
Law School
NEW York University Law School
Tompkine
Washington Sq. N. Y
American and Foreign Teachers Agency
M. J. Young-Palton
Union Square
Hon E Bischoff
Eedee
John Pearl
Avenue
Borough of
Manhattan
S John Block
Broadway Borough of
Abrah John Block
Borough of Manhattan