Transcontinental Railroads Threaten Export Trade Change
Washington reports that major railroads led by James J Hill and Harriman are deter mine to export via China Japan New Zealand and Australia by November 1. The Interstate Commerce Commission may not alter its rule requiring public notice and publication of export rates, which critics say could bar carriers from quoting export rates instantly.
MENTIONED IN THIS ARTICLE
Washington
James J. Hill
Speward H. Harriman
Berwynd Syndicate
China
Japan
New Zealand
Australia
Interstate Commerce Commission
Cosmopolitan Shipping Company
Ast
Hamburs-American Packet Company
United States
Chicago Association to Probe Transcontinental Rail Trade
The Chicago Association of Commerce will investigate the decision of transcontinental railroads to abandon export Oriental trade and much of the import trade. It has obtained Interstate Commerce Commission papers and will review railroad arguments, with possible appeals for rehearing or to halt the railroads from leaving the business.
MENTIONED IN THIS ARTICLE
Chicago
Record-Herald
Chicago Association of Commerce
Interstate Commerce Commission
Commission
Caw
President Receives Reply Over Freight Rate Protests
Cincinnati reports the Receivers and Shippers Association informing President Roosevelt that the Attorney General is carefully reviewing proposed freight advances. A letter to the President stating two wallmands disobeyed court orders was deemed not misdirected and reached the President. Secretary Loeb’s reply confirms receipt and AG’s inquiry as of July 1908.
MENTIONED IN THIS ARTICLE
Cincinnati
Receivers and Shippers’ Association
Roosevelt
Loeb
White House
Washington
Oyster Bay
N. Y
William Loeb, Jr
T. FE. E. Wildemson
Chamber of Commerce
Denial by Canadian Pacific on Orient Trade Blow
G. M. Bosforth, fourth vice-president of Canadian Pacific Railway, denounces a Chicago dispatch claiming steamship lines on the Pacific Coast will abandon Orient trade, saying the company is not party to such notice and Japan’s Pacific ambitions are not yet realized.
MENTIONED IN THIS ARTICLE
Canadian Pacific
Montres
G. M. Bosforth
Pa-ge Railway Company
Chicago
Orient
Pacific
Japan
Plan for Arnold Print Works rehabilitation outlined
Boston July 2 a plan for rehabilitating the Arnold Print Works of North Adams Massachusetts, last November, was made public by the receivers. Creditors would accept at least 80 percent in cash now and up to 4 percent in five year mortgage bonds. An advance of 230,600 from a New York trust company is needed to carry out the plan, with plants securing any remaining Western claims. Bonds would be secured by a first lien on the plants. The plan, approved by the creditors committee, would consolidate assets and liabilities and involve reorganized company Meelverstere. The quick assets total 15,758,133. A creditors’ committee in Boston announced a reorganization alongside the Arnold Pit Works and allied concerns.
MENTIONED IN THIS ARTICLE
Boston
Arnold Print Works
North Adams
Maas
New York Trust Company
Westere
Meelverstere
Sie
Arnold Pit Works
G Wing
Charles W. Jones
Simeon B. Chave
Fall River
Philadelphia currency association formed in city meet
In Philadelphia on July 26 a meeting of local bank presidents led to the formation of the Philadelphia Nations Currency Association under the Aldrich Vreeland act. A national committee was appointed and nearly all local institutions were represented.
MENTIONED IN THIS ARTICLE
Philadelphia Currency Association
Phil
Banke
Philadelphia Nations Currency Association
Aldrich-Vreeland
J M Knapp Expelled by Exchange Committee
The New York Stock Exchange governing committee expelled John M Knapp, a director of Coster Knapp Co, after finding the firm failed April 29 1908 due to reckless and unbusinesslike dealings. Knapp held a seat since April 11 1997 and was declared ineligible for reinstatement.
MENTIONED IN THIS ARTICLE
New York Tock Exchange
Coster, Knapp & Co
Charles Coster
John M. Knapp
Exchange
Thomas
Coster, Ena & Co
Ciren Nees
W. BR. Coster
Knapp
Committee On
Committee On Admissions
The
Byerley Promoter Plans Twenty Four Hour National Bank
Samuel Byerley, once a clerk turned promoter, unveils a plan for a bank in Times Square with capital 200000 and a 0.90 surplus. William Thomas Carpenter joins the effort. The scheme includes a 130 share price and a 10000 promotion fee, plus 50,000 surplus, while a subscription clause earmarks 25 per share as bank surplus and 5 for promotion. Charlies A. Hanna flags likely charter issues with the plan.
MENTIONED IN THIS ARTICLE
Samuel Byerley
Express Company
National Bank
Times Square
Byerley
William Thomas Carpenter
Broadway
New Bank
42D Street
Charlies A. Hanna
National Bank Examiner
Federal Banking Department
National Banking Association
Keweenaw copper shipments spark mining boom forecast
Notes of the Mines report early shipments from the Keweenaw mining district mark an epoch in copper production. North Butte Extension Copper Company aims to fund ongoing work by August, with first ore shipments expected in two months. King Edward Company adds a ten stamp mill in Cobalt to extract low grade ore, projecting $10 net daily and reserves valued at $12% per share on 500,000 shares. Canada accumulates about 40,000 shares in New York trading near the price.
MENTIONED IN THIS ARTICLE
Keweenaw
Lake Superior
Keweenaw County
John A. Ryan
North Butte Extension Copper Company
New York
Ryan
John Miles
Butte and New York Company
Bennett Minzesheimer
Butte
King Edward Company
Cobalt
Canada
Bankrupt petitions filed in U S district court against several firms
Involuntary bankruptcy against Alin Brothers & Co garment makers at Mercer street. Claims total 68 14 with 1 preference alleged. Voluntary cases include Leibowitz & Jankellewitz with assets 65 414 33 and no assets. Major creditors listed include Kimball, Gilbert, and Mayer with claims from 14 500 to 320 000. Schedules reveal varied liabilities and assets across multiple firms in garment and metal trades, with Dows's Mercantile Agency assigned for creditor benefit and Everett P Hervey appointed.
MENTIONED IN THIS ARTICLE
United States District Court
Alin Brothers & Co
Mercer Street
Imperial Braid Company
Leibowitz & Jankellewitz
East 34 Street
Alonzo Kimball
Broadway
Sarai
W. Gilbert
Bernhard Mayer
Beekman Street
Kesil Leibowitz
Abram Jankellowitz
Louis Danishefsky
Delancey Street
Corn Exchange Bank
Fast Side
Greenpoint Metallic Bed Company
Chrystie Street
S. Jones Company
East 4Th Street
SRM
American Woollen Company
Fifth Avenue
W. A. Cesar & Co
Greene Street
Fleitman & Co
Broome Street
Germania Mills
No. & Leonard Street
Dows’s Mercantile Agency
No. Beaver Street
Everett P Hervey
Joseph H. Dows
M. A. Dows
Unemployment Soars In New York State Labor Report
Albany reports show 138,181 idle at end of March and 101,466 idle over January to March, with overall unions totaling 298,582 members across New York State. Building trades and transportation show sharp idleness, while foreign labor flow and emigration shift as unions renew spring agreements without wage changes amid the 1908 downturn.
MENTIONED IN THIS ARTICLE
Albany
New York City
Buffalo
Rochester
Syracuse
Schenectady
Troy
FIO
Lake Carriers’ Association
International Longshoremen's Union
State Bureau of Mediation and Arbitration
Steel Company to Buy Rail Mill in Lake Superior Sale
Sault Ste Marie Michigan July 30 It is reported United States Steel Corporation will acquire the rail mill of Lake Superior Corporation via a bond and stock sale in Philadelphia yesterday.
MENTIONED IN THIS ARTICLE
Sault Ste Marie, Mich
United States Steel Corporation
Lake Superior Corporation
Philadelphia
Lenox Conference Ends as Kellogg Leaves for New York
Lenox Mass July 3 government lawyers prominent in Standard Oil litigation break up after Kellogg leaves for New York and Bonaparte returns to Lenox. Division plans immediate move to rehear in Chicago Circuit Court of Appeals with possible Supreme Court certiorari if denied. Kellogg targets August briefs and September arguments while campaign duties may continue.
MENTIONED IN THIS ARTICLE
Lenox
Mass
Standard Oil Company
Frank H. Kellogg
New York
St. Pau
Charles J. Bonaparte
Simms
Chicago
Circuit Court of Appeals
Court of Appeals
United States Supreme Court
United States Circuit Court
Seventh District
Kellogg
Wiliam H. Taft
Government to Push Spirit Cases in Federal Ruling
Chicago and Washington report the restraining order on labeling alcohol as spirits remains in effect for distillers in Peoria and Terre Haute, with Judge Kohlsaat to rule on the injunction. Federal agents will enforce orders in districts involved while appeals are pursued to higher courts.
MENTIONED IN THIS ARTICLE
Chicago
Thompson, Severn and Humphrey
Cincinnati
Kohlsaat
United States Circuit Court
Peoria
Court of Appeals
Goshen
Ind
Terre Haute
Washington
Internal Revenue
Lawson's Plan Rejected by Boston Curb Exchange Panel
Thomas W. Lawson learned today that his plan to reorganize the Boston Curb Exchange was not approved by the committee. Charles S. Dole was chosen chairman of the reorganizing committee, which will begin work immediately, with seven curb members appointed to the panel.
MENTIONED IN THIS ARTICLE
Boston
Thomas W. Lawson
Boston Curb Exchange
Charles S. Dole
Denver and Rio Grande Stock Transfers Amid Consolidation
The Denver and Rio Grande Railway transfers open July 28 to July 31, 1908. Stock in the old company will transfer on August 1 to the new consolidated firm formed by merger with The Denver and Rio Grande Railroad Company Colorado and Utah. Preferred and common shares convert share for share at same par value.
MENTIONED IN THIS ARTICLE
Denver and Rio Grande Railroad CO
Wes
Denver and Rio Grande Railroad Company
Colorado
Utah
The
W. and L. E. bonds plan financing announced
Announcement of the plan to finance the Wheeling and Lake Erie notes was delayed to today. The plan, discussed by E. H. Harriman, George J. Gould and Jacob H. Schiff, was finalized at a Wabash directors’ meeting. The loan collateral comprises $12,000,000 in general bonds and $2,000,000 in equipment.
MENTIONED IN THIS ARTICLE
Wheeling & Lake Erie
E. H. Harriman
George J. Gould
Jacob H. Schiff
Wabash Railroad Company
Mr. Gould
Kuhn, Loeb & Co
Blair & Co
Wheeling & Lake Erie General
Wheeling & Lake Erie Securities
Harriman and
Gould
Wabash Pittsburg
Erie
The
Tribune
Gould and Erie
Stock Exchange
Gould-Harriman Alliance
Harriman
Frederick Dorr Suspends Business Across Exchanges
Frederick Dorr a broker with offices in San Francisco Los Angeles Salt Lake City Butte and Spokane and a member of the New York Stock Exchange and Chicago Board of Trade telegraphed to his local manager to suspend business due to dull times. He stated no one has lost money and advised against accepting funds while asking for time. News dispatches note little recent activity on his exchange business.
MENTIONED IN THIS ARTICLE
San Francisco
Frederick Dorr
Los Angeles
Salt Lake City
Butte
Spokane
New York Stock Exchange
Chicago Board of Trade
Dorr
Chicago
Maritime Intelligence Miniature Almanac Update
Lusitania, 350 miles east of Sandy Hook at noon yesterday, expected to dock about 7:30 am today. Amerika, east of Sandy Hook at 16:49 yesterday, due about 7:30 am Saturday. La Savole, 72? miles east, due about 7:30 am Saturday. The Baltic, 28% miles east, due about 2 pm today.
MENTIONED IN THIS ARTICLE
Lusitania
Sandy Hook
Amerika
la Savole
Baltic
Cunard
Barry
le O- Erika
Barcelona
Gans
London
Troquois
Savannah
E! Mar
Galveston
Pacific
Mallory
Southampton
Hamburg
Havana
Hama Aceon
la Savot
Saratoge Havre
Mantinea
Seville
Rotterdam
Holland-Am
Finance
Colon
Panama
Rosetti
Barbados
Maraval
Trinidad
Carolina
San Juan
India
Savanna
Transpacific Mails Schedule Update
Notice lists routes to New York, Japan, Korea, China and Philippine Islands via San Francisco and Victoria with Empress of India and other liners. Includes timetable noting 6 30 pm departures for Pacific destinations and via Marquesas Islands today and Pacific routes.
MENTIONED IN THIS ARTICLE
Transpacific
New York
Japan
Corea
China
Philippine Islands
Renee Meee
Ictoria
Empress of Nivia
San Guam Sa
Binteine Islands
San Francisco
U 5
Marquesas Islands
Erie Road Company to redeem gold bond coupons by July 1968
Notice states the Erie Road Company will purchase in cash all coupons due August 1, 1908 on Erie Railroad Pennsylvania Collateral 50 year gold bonds. The acceptance period runs to July 31, 1968 at any time. Names J P Morgan & Co and overseas contacts listed.
MENTIONED IN THIS ARTICLE
Erie Road Company
Erie Railroad Pennsylvania
J. P. Morgan
Shipping News Port of New York July 30 1908
Shipping report from New York lists arrivals at the Bar and quarantine times for many steamers including Fruit Tiltsland Sama 4 days and Moraitis to NWA Galianas with cabin and steerage counts, Etruria, Teutonic, Trinidad, Pring Eltel Friedrich, Iroquois towing Navahoe, and Navahoe cargo details, plus wind and sea conditions.
MENTIONED IN THIS ARTICLE
Fruit
Nor
Tiltland
Sama
Atlantic Fruit Company
St Lucia
Howard Houlter and Partners
Patricia
Ger
Magin
Hamburg
Boulogne
Plymouth
Hamburg American Line
Rocers
Moise
Etruria Bri
Potter,ing
Queenstown
Renue
Bar
Manna Hata
Charles
Baltimore
New York & Baltimore Transportation Line
Mise
Comus
Jacobs
New Orleans
Southern Pacificc Co
Teutonic
Smith
Sea and
Cherbourg
White Star Line
Trinidad Bri
McKenzie
Quebec
Charlottetown
Halifax
A E Co
Pring Eltel Friedrich
Krause
Cape Harti
Navahoe T
Eener Sloterdyk
Metz
Rotterdam
Holland-America Line
Monroe
Hulphers
Newport News
Norfolk
Denes
Gota Maracas
Kirkby
Perth
Amber
Trinidad Shirging and Trading Co
He Bay
Ida Cuneo
Iversen
Port Antonio
Cuneo Importing Co
Pata Vale
Grove
Boston
Metropolitan Se Co
Idaho
Loveritte Hull
Sanderson & Sons
The
Sandy Hook
N J
Noutheast
Celtic
Liverpool
la Touraine
Havre
Prinz Friedrich Wilhelm
Bremen
Guiana
St Thomas
St Creix
Mexico
Havana
Vera Cruz
el Dorado
Galveston
Princess Anne
Kansas City
Savannah
Oregonian
Puerto Mexico
Apache
Charleston
Jacksonville
Wells City
Bristol
Shipping arrivals and sailings list for July and August
Hamburg and New York routes note ships such as Deutschland Knig Albert Floride and Katuna sailing from or to Genoa Naples Calcutta Colombo and Boston with dates July 20 to July 30. Queenstown Liverpool Southampton and New York connections appear along with ports like Port Said and Antwerp. Several British and Italian liners listed with destinations and approximate timings.
MENTIONED IN THIS ARTICLE
Prins Willem Jil
Haytl
Ward Asses
Vigilancia
Bahamas
Rio Grande
Tampa
Mallory
Monroe
Norfolk
Old Dominion
Philadelphia
Southampton
American
Campania
Liverpool
Cunard
Venetia
Newfoundland
Red Cross
Strathallan
Argentina
Norton
San Juan
Aurora
Curacao
Prinz Joachim
Colon
Hamb
Havana
Maracas
Grenada
Trinidad
Jacksonville
Clyde
Alamo
Galveston
Hamilton
City of Columbus
Savannah
Hamburg
Deutschland
Ger
New York
Plymouth
Cherbourg
Naples
Kenig Albert
Genoa
Jody
Crown of Navarre
Fry
Havre
Floride
M la Provence
Suez
Katuna
Calcutta
Colombo
Boston
Bermuda
Bermudian
New Auckland
Indradevi
Vincent
Melbourne
Valparaiso
Funclarence
Baltimore
Re d'Italia
Ital
Cedric
Queenstown
Santos
Adriatic
Gibraltar
Lindenfels
Port Said
Seitly
St Andrew
Antwerp
Sannio
Gana Tasik
Beacon Light
Dutir
Also Mentioned on This Page
Association of Commerce
Arnold Print Rehabilitation
J. M. Knapp
Byerley Bank
Immigration and Emigration
New York State
Industrial Relations
Bureau of Factory Inspection
Frank B. Kellogg
St. Paul
M. F. Elliott
Bonaparte
Landis
Lawson
Ann Arbor
Chicago Great Western
Detroit
Toledo & Ironton
Iowa Central
Minneapolis & ST. Louis
ST. Jseph & Grand Island
Cologne
Munich
Bavarian
Ore
Augsburg
Hessian
Vienna
Saxony
Berlin
Justice
Kentucky
OL Gould Curry
Norcrom
Eeessees Hale
E. T. Jeffery
Stephen Little
W. & L. E. Bonds
Marine Intelligence
Gov. Island
Hell Gate
I Wasceceneeaer
Alliance
Hayti
Ekerson
Erie Railroad Company
Church Street
Erie Railroad
Pennsylvania
J. P. Moran & Co
Wall Street
Shipping News
Port of New York
Frederic H. Hatch
Broad Street
de Cel&pp
S& Do
Hbrass
Uz Lord & Taylor
Wee Do
Lorillard
Niles-Ber-P
Babcock
Standard Mill
Texas Oedo
Trenton Pvt
Hall Signal
Union Carbolite
Union Ferry
Za & Nickel
United N
Airoy
T&s
Sun C Co
Lg Wat
So Va-Car Chem
NJ Sm Lt
R. L. Day & Co
Rost & Albany
Cal & Heelan M.S of IR
Fitehbur
Franklin Miteay
Old Colony
West End St Ry
U & Smellers Co