Treat Warns Na Hens on Bank Reserves in Atlantic City
Atlantic City June 4 Charles H Treat United States Treasurer addressed the Na hens Wholesale Grocers Association sounding a warning about abnormally high reserve percentages in national banks, noting lack of confidence in investments but praising public service and steps by President Roosevelt and Cortelyou. He urged a quicker path to prosperity and discussed bank system reform and tariff readjustment while resolutions call for a defense fund to oppose dating cans and exact formulas on proprietary goods.
MENTIONED IN THIS ARTICLE
Atlantic City
Charles H. Treat
United States
Nahens Wholesale Grocers’ Association
Roosevelt
Ent
Cortelyou
Treat
Association
Banks to Pay Interest on Government Deposits
Washington reports under the new currency law banks holding government funds must pay interest for use of deposits. An exception applies to regular depositaries, with government funds used for the treasury's own expenses. About 72 million dollars are affected, with future and past deposits taxed at no less than 1 percent, likely higher. The South and West rely on such funds to move crops, and banks seek exemption from depositary status.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Secretary of the Treasury
Bigelow Carpet Mill Closes Over Overstocked Yarn
Clinton Mississippi June 4 the worsted mill of the Bigelow Carpet Company will shut down tonight and stay closed until further notice about 10 hands are affected notices posted at the mill state the action is caused by an overstock of yarn
MENTIONED IN THIS ARTICLE
Clinton, Mess
Bigelow Carpet Company
First Argentine corn sold here for record sale
A shipment of Argentine corn, supposedly the first on record, brought 170 bushels into the city yesterday. The buyer was the Corn Products Refining Company, whose president E. T. Bedford noted potential future imports may cut costs to about 7 cents a bushel including duty, versus 8 cents locally, and cited Argentine corn as better suited for the company’s needs. In New York, corn trades around 77 cents a bushel.
MENTIONED IN THIS ARTICLE
Corn Products Refining Company
E. T. Bedford
New York Produce Exchange
Bank of Germany lowers discount rate to four percent
Berlin reports the Imperial Bank of Germany reduced its rate of discount from 5 to 4 percent. The move signals tighter money policy in the German central bank as of June 4.
MENTIONED IN THIS ARTICLE
Bank OF Germany
Berlin
Imperial Bank of Germany
Armour Packing Company Amends Articles to Cut Capital Stock
Bt Paul June 4 The Armour Packing Company filed here an amendment to its articles of incorporation reducing its capital stock from 37900 percent to Slonow no explanation given for the action.
MENTIONED IN THIS ARTICLE
Bt Paul
Armour Packing Company Today
Slonow
Ac“Tar
Chicago Grain and Provisions Market Slides on Weather
Improved weather at home and abroad weakens Chicago grain pits with July wheat down 2 to 2 1/4 cents, corn off over a cent, oats lower, and provisions declined. Reports from Minnesota, the Dakotas, and overseas crops weigh on prices while receipts rise. selling broadens with longs liquidating. Local demand steadies early but fades as break persists.
MENTIONED IN THIS ARTICLE
Chicago
Romania
Russia
Ohio
Minneapolis Trade Journal
Minnesota
Dakotas
Wixe
Bac
Minneapolis
Duluth
Seto Ic
Mae
Isc
Oo Ee
Ing “Ae Ee
Longs
Jury Eacwers
Union Pacific to issue fifty million in bonds
After a Union Pacific executive meeting the company increased planned bond issuance to 59 million dollars. Kuhn, Loeb & Co. will handle 50.9 million in first lien and refunding mortgage bonds with London via Baring and Glyn, Mills. Sterling bonds will be sold in London with an offer around 95 percent.
MENTIONED IN THIS ARTICLE
Union Pacific Railroad Company
Kuhn, Loeb & Co
New York
London
Baring Bros. & Co., Ltd
Glyn, Mills, Currie & Co
Pennsylvania
Union Pacific
Lord Rothschild
Mr. Harriman
Rothschilds
Union Pacific Management
Rothschild House
Receiver named for Eureka Life Insurance Company
S D Deshazor of Norfolk named by Judge Barham in Newport News as receiver for Eureka Life Insurance Company Incorporated The bond is set at 8000 The suit was brought by W M Morgan a stock and policy holder The company has 30000 capital in Virginia and a Philadelphia principal office R L Biddle serves as president
MENTIONED IN THIS ARTICLE
Norfolk
S. D. Deshazor
Barham
Newport News
Eureka Life Insurance Company, Incorporated
W. M. Morgan
Virginia
Philadelphia
R. L. Biddle
Judge Upholds Tobacco Mergers in Sherman Case
Federal Judge Eugene D. Saunders ruled in New Orleans that the claim American Tobacco Co has acquired many independent firms does not violate the Sherman act. The People's Tobacco Co sought 506936 25 in a suit alleging conspiracy to force it from business. Saunders had previously sustained the defendant’s exception and issued a written opinion.
MENTIONED IN THIS ARTICLE
The
Tribune
New Orleans
American Tobacco Company
Eugene D. Saunders
People’s Tobacco Company
Saunders
Photographer George G Rockwood Enters Bankruptcy
George G Rockwood a photographer with a Broadway studio filed a voluntary bankruptcy petition in U S District Court Liabilities 20199 21 assets 266 principal creditors Macy Curtis Gowan Realty and Improvement Co Ely totals listed Colonel Elihu Rockwood the Civil War veteran brother died suddenly from heart disease on March 30 at the Broadway studio.
MENTIONED IN THIS ARTICLE
George G. Rockwood
Astudio
Broadway
United States District Court
Francis H. Macy
Broad Street
William Curtis
Wall Street
M. M. Gowan
West 28Th Street
Realty and Improvement Company
West 18Th Street
Horace
Ely
Liberty Street
Elihu R. Rockwood
Railroad Merger Bill Advances in Massachusetts Senate
Boston June 4 The merger bill to regulate railways passed to a third reading in the Massachusetts Senate with three amendments. The vote stood 12 to 2 with five Republicans joining Democrats in the negative. The key change requires the Railroad Commissioners to probe the financial condition of the Boston and Maine and the New York New Haven Hartford lines and preserves court rights regarding the New Haven under state law.
MENTIONED IN THIS ARTICLE
Boston
Massachusetts Senate
Boston & Maine
New York, New Haven & Hartford
New Haven
Massachusetts
Whiskey test case not yet decided in Pure Food law case
Washington June 4 reports that Justice Robb’s district court ruling in the Levi Uri decision created a false impression that a final determination has been reached on the blended whiskey issue under the pure food law. The Levi Uri case was a trademark matter about a whiskey made from rye, bourbon and neutral spirits not qualifying as pure rye whiskey for trademark use. The true test case will decide what constitutes whiskey, with James Clark Distilling Company a defendant only for proximity to service in a government area.
MENTIONED IN THIS ARTICLE
Washington
Justice Robb
District Court of Appeals
Levi-Urs
Levi-Uri
James Clark Distilling Company
Business Troubles: Multiple Involuntary and Voluntary Bankruptcies Filed
Involuntary petitions filed in U S District Court target Moss & Schleestein and Everybody's Clothing Co at 582 Broadway, with claims totaling $85,963. Other involuntary filings involve Adolph Freedman at 401 Broadway, Israel M. Cohen at 825 Broadway, Solomon Schneider at 32 West 125th Street, and Jacob Bier at 603 6th Street. various transfers of property alleged. Voluntary petition lists Julia Boyd Bacon at 44 West 22d Street with assets and liabilities, plus a separate filing against Cohen. Robert Grier Cooke, inc., with assets of $1,125.97 and liabilities of $19,391.93, contains Roosevelt Doctrine and other books. largest claim is R G Cooke to B F Yoakum.
MENTIONED IN THIS ARTICLE
Moss & Schleestein
Everybody's Clothing Company
Broadway
Braver & Louis
J. W. Goddard & Sons
Harry E. Moss
Mortimer Schleestein
William L. Kitchell
Israel M. Cohen
Robert Reis & Co
Solomon Schneider
West 125Th Street
Leiman & Poritz
6Th Street
William Cohen
Bier
Hugo Cohn
Cohen
Ution
Henry Kahn
Copartnership
Robert Grier Cooke
Bonds Approved for Boston & Albany Railroad Improvements
The Public Service Commission granted Boston & Albany Railroad permission to issue 7 million dollars of twenty five year bonds at 4 percent, guaranteed by New York Central & Hudson River Railroad. Proceeds fund permanent improvements and extensions totaling about 7 million, with yearly reports to the commission. Erie Railroad also authorized to issue 1 million in substitute bonds. Inspector Edmund F. Van Hosen appointed at 3000 dollars annually.
MENTIONED IN THIS ARTICLE
Albany
Boston & Albany Railroad Company
Public Service Commission
New York Central & Hudson River Railroad Company
New York
Massachusetts
Worcester
Milford
Richmond
Boston
Erie Railroad Company
Buffalo & Southwestern Division
Edmund F. van Hosen
Division of Transportation
New York Clearing House frees government deposits from reserve
Officials said the emergency currency law ends the 25 percent reserve on government deposits, releasing about New York banks to circulate more than million. Banks face a 1 percent tax on deposits and variable terms for retention, with profitability tied to callability and time on deposit. The piece notes the summer resort guide in Tribune’s upcoming issue.
Home Bank of Brooklyn Reopens Doors After Closure
After a shutdown since February 1 due to depositor pressure the Home Bank of Brooklyn at Fifth Avenue and 4th Street reopened yesterday morning. Deputy bank superintendent George Leonard reported no loss or deficit after a 42 day examination and noted no excessive withdrawals as depositors queued. New officers named are William E. Kay as president, Charles Crawford as vice president, and John W. Waller as cashier.
MENTIONED IN THIS ARTICLE
Home Bank of
Brooklyn
Fifth Avenue
4Th Street
George Leonard
William E. Kay
Charles Crawford
John W. Waller
Patterson May Get Cash Register Co
John H Patterson of the National Cash Register Company visited Rogers Locomotive Works in Paterson New Jersey to discuss purchasing the shops from American Locomotive Company. If finalized the deal could spark one of Patersons greatest booms as the Dayton Ohio factory already employs over five thousand people.
MENTIONED IN THIS ARTICLE
Paterson, N. J
John H. Patterson
National Cash Register Company
Dayton
Ohio
Rogers Locomotive Works
American Locomotive Company
Paterson
The
Register Company
Erie Road Reopens Full Time at Jersey City Shops
Full working time resumed at the Erie Railroad repair shops and roundhouses in Jersey City yesterday. Over 1,200 men were affected after months of half time work. The change applies to all parts of the road.
MENTIONED IN THIS ARTICLE
Erie
Jersey City
Boy Run Over by Train at Culver Station
Abraham Morris eleven of 100 Cortland street Coney Island was knocked down and run over yesterday afternoon by an eight car Brooklyn Rapid Transit train at Culver station He had a slight cut over his right eye and was able to go home doctor said at Coney Island Reception Hospital
MENTIONED IN THIS ARTICLE
Abraham Morris
Cortland Street
Coney Island
Brooklyn Rapid Transit
Culver Station
Fisher
Brooklyn Ferry Company to Sell Assets in Auction
The Brooklyn Ferry Company assets including seven ferries eighteen boats piers and ferry houses plus real estate will be auctioned in Brooklyn on June 2 to satisfy a judgment exceeding 65 million dollars from December 3 1906 by the Knickerbocker Trust Company Joseph J O Dono hue Jr president of the company served as receiver since October 1906 after a bond interest default.
MENTIONED IN THIS ARTICLE
Brooklyn Ferry Company
Brooklyn
Knickerbocker Trust Company
Joseph J. O'Donohue, Jr
Ferry Company
Cunard Bond Issue Successful in London
The Cunard Steamship Company floated £800,000 of 4 percent mortgage debenture stock redeemable 1911 to 1920 at 102, with issue price 97. The issue closed this morning and the company is authorized to raise up to £1,600,000 for new tonnage and general expansion.
MENTIONED IN THIS ARTICLE
London
Cunard Steamship Company
Lsts
Mutual Life Trustees Organize New Board and Committees
The newly elected board of trustees of the Mutual Life Insurance Company organized yesterday by re electing the old officers. Standing committees were appointed including Finance with George F. Baker and others, Real estate with Charles S. Brown and William P. Dixon, Insurance and agencies with Julien T. Davies and William F. Harrity, Mortuary claims with Charles D. Dickey and Thomas M. Mulry, and Auditing with Cyrus H. K. Curtis and Frederick H. Eaton.
MENTIONED IN THIS ARTICLE
The
Mutual Life Insurance Company
George F. Baker
Dumont Clarke
A. D. Juilliard
J. Rogers Maxwell
T. M. Mulry
Bejamin F. Tracy
Charles S. Brown
William P. Dixon
H. Rieman Duval
Charles D. Dickey
Alfred EB. Marling
Louis Stern
Julien T
San Francisco Mining Stocks Closing Quotations
San Francisco June 4 official closing quotations for mining stocks were reported. Prices for major mining shares showed varied movements with some gains and others retreating as traders assessed market conditions and sector signals.
MENTIONED IN THIS ARTICLE
San Francisco
Also Mentioned on This Page
Caltreat
Bigelow Carpet Mill
Chicago Grain and Provisions
U. P
Insurance Company
JUDGE
Standard Oil
Repub
Theodore Roosevelt
Thomas W. Lawson
P. S. Commission
New York Clearing House Association
Leslie M. Shaw
the Treasury
Clearing House
the Tribune
Home Bank OF Brooklyn
Cash Register CO
Frederic H. Hatch
Aone
KC L&p
Niles-Bem-P
Otis Elevato
Babcock
Barney & SC
Pratt & W
Bak Pond
Borden's Cms
Uy Bush
Texas
Trenton Po
Empire
Hall Signal
Union Carbide
Union Ferry
Union
United Bk
Bonde
P&f
T&s
Sun C Co
Cunard
Mutual Life Trustees
One
Alta of
Hale & Norcross
Kentucky
Andes
Belcher
Occident
Best
Ophir
Potosi
Savace
Chellar
Sag Belcher
Sierra Nevada
Conval & Va
Crown Point
Wes Utah
Gould & Curry
New England
New York, New Haven & Hartford Railroad Company
Long Island Sound
Buzsard’s Bay
Cape Cod
Martha's Vineyard
Nantucket
Berkshire
Litchfield Hills
Connecticut
New York, New Haven & Hartford Railroad
L. A
New Hampshire
Bretton Woods
America
Mount Pleasant
Mount Washington
Bretton Woods Golf Club
42Nd St
Bretton Hall
Seymour
Anderson & Price
N. H
Florida Hotel
Bretton-Inn-Atormond-Beach
Kittatinny Delaware Water Gap
Kittatinny Park
G. Frank Cope
Vermont
Lake Bomoseen
W. C Mound
Glenwood In-The-Pines
Hydeville
Maine
Cushing’s
Water Gap
Delaware Water Gap, PA
John Purdy Cope
Bath
M D. Prick
Canadens's
P. O
Essick
Alleghenies
H. M. Essick
Essick Heights
Mount Pocono
Delaware
Water
Charles . Beckett
County of
William F. Palmenberg
Sackett & Lang
Nassau Street
Borough of
Manhattan
City of New York
Dorothy M. Palmenberg
Executrix
Borough of Mahattan
New York City
H H. Beckett
Ferre Tomer
R A. Aker
Jesus
I.wrobriand
Mary DE
Abner C. Thomas
Mary de Trobriand
Curtis R. Hatheway
City of
Marie Caroline Post
Executrix the
Curtiss Havay
Secutor
Borough of Manhattan
Rush
Mary H
Charles H. Beckett
Frances A. Findlay
William M. van Buren
Charles P. Latting
Executors
City Manhattan
Swartwout & Appenzellar
Am Cigar Co
Am Tel & Tel Co Spc
Balt & Ohio
Ches & Ohio Ry
Consol Gas Co
Interborough
Interborough RT
Lack Steel Co
Lake Sh& M
P Louis & Nash R
E Nor & West & Pc
Mab
Imo
Penn RR
Pub Ser Corp
Iodo
Tidewater Gap
Westingh
Lakes OF the Adirondacks
Tne
Hotel Champlain
Lake Champlain
Clinton County
Fim
Bookiet and
All Information
Sth Ave
Robert Murray, Menger
Fort William Henry
George
Saratoga Springs
J. F. Wilson
Catskill Mountains
Ulster & Delaware Rev
New
Catskills
N. A. Sims
Gen
Kingston
Orange
Sullivan
Ulster
New York, Ohtario & Western RY
Broach
Sd Ave
West
Desbrosses
St. Ferries
Beaver St
Court Et
Nostrand Ave
Broadway. Y
Columbus
Grand Hotel Company
Grand Otel
N. Y
Murray
28Th St
Madison A
A Grand Hotel Company
Mount
Rexmere
Stamford-in-the-Catskills
Priva Golf Course
Munis
Broad New York
Adirond Taylor House
Schroon Lake
Frontenac
ST. Lawrence River
C. G. Trussell
Frontenac. N
Mgr
Bon Air
Augusta
Fourth Ave
Awteroadway
Lippner
Prospect House
Shelter Island Heights
E. 1
Metropolitan B.ds
Madison Ave
R. T. Martin
New Jersey
Warlborough
Slenheim
Ocean Front
Plana
Josiah White & Sona
Ocean
Cook
Chalfonte
N. F
Leeds Company
Dennis
N. J
Montclair
Montclair, N. J
Peninsula House
Pleasure Bay
Harles H Dederer
Shrewsbury
Seary Park
Avenue
Asbury Park
Fenwick Hall
Fenwick-On-The-Sound
Conn
Connecticut River
HL Co
Chapman
Wendgo House
Indian Neck
Branford
Harry W. Bloxham
Mar
Country Board
Plattsbureh
EU Collins
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