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This newspaper page contains 16 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 28, 1908

Page

3

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

San Francisco

Also Mentioned on This Page

Commerce Commission U. S Western Road Ankruptcy United States District Court Yester Alabama Great Southern Central OF Geor Texas Pacific Indianapolis Louisville 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 Bullion Caledonia Imperial Crown Point Gould & Curry Hale & Norcross New Occidental Co Ophir Overman Potos Savage Belcher Sierra Nevada St Louis Union Utah Coner Yellow Jacket Cescaness Hudson West Point Newburgh Poughkeesie Palace Iron Day Line Hendrick Hudson le Brooklyn Fulton St Annex Desbrosses St W. 129Th St Mary Powell River Gramercy RED Bank Line Long Bran Foster E. 21St St Ladies, Soc Trinity West 91St ST Berlitz School OF Ladoom Broadway Ariem Jancenox 127Th Brooklyn Court St Asbury Park Ww. J Worrall Hall Military Academy College of Business C. E. Mason the Castle Tarrytown-on-Hudson N.Y College Grepeen C. Mason Connecticut Lakeville Taconic School For Girls Beautiful Lake Berkshire Hille Lilian Dixon Wellesie Brys Mawr Bertha Bailey Wwellecane Starkey Seminary Seneca Lake Watkins M. Summerbel Lakemont, N. Y Voeatian Seminary For Bethlerem 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
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