Treat urges optimism in Atlantic City gathering
June meeting in Atlantic City features Charles H. Treat United Treasurer addressing Na n Wholesale Grocers Association. He warns reserves in national banks are abnormally high yet praises federal steps to curb panic, lauds Roosevelt and Cortilyou, signals tariff readjustment hopes by next March, and notes debate over a national banking role. Resolutions call for a defence fund to support food laws and oppose dating cans and proprietary formulas.
MENTIONED IN THIS ARTICLE
Atantic City
Charles H. Treat
United
Nan Wholesale Grocers’ Association
Treat
Roosevelt
Cortilyou
Ecome
Association
Banks to Pay Interest Under New Currency Law
Washington June 4 Under the new currency law banks holding government funds must pay interest for their use. About 72 million dollars are subject to the tax, with some deposits exempt as regular depositaries used for government expenses. Interest not less than 1 percent, likely 1 percent, will be charged on future deposits from the effective date. Banks in crop regions rely on such funds for annual movements and relief during stringencies. Regular depositaries are exempt from the tax, though many banks prefer not to act as such.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Secretary of the Treasury
Closure of Bigelow Carpet mill hits 100 workers
The Bigelow Carpet Company worsted mill in Qinton Mess will shut down tonight and stay closed until further notice. About 100 workers are affected by the stoppage caused by an overstock of yarn.
MENTIONED IN THIS ARTICLE
Qinton, Mess
Bigelow Carpet Company
First Argentine corn sold in city at 170 bushels
A historic sale of Argentine corn occurred yesterday in the city, 170 bushels bought by Corn Products Refining Company. President E. T. Bedford noted the company may seek Argentine corn routinely if prices, including duties, around 70 cents per bushel, versus local markets at about 64 cents. Argentine corn reportedly suits the firm’s needs better than American grain, while New York Exchange prices run near 77 cents.
MENTIONED IN THIS ARTICLE
Corn Products Refining Company
E. T. Bedford
Egeinst & Cents
Bank of Germany Cuts Discount Rate
Berlin reports the Imperial Bank of Germany lowered its discount rate from 5 percent to 4.2 percent. The move signals easing monetary policy and could impact lending costs across the economy.
MENTIONED IN THIS ARTICLE
Bank OF Germany
Berlin
Imperial Bank of Germany
Armour Packing Company Amends Capital Stock in St Paul
The Armour Packing Company filed an amendment to its articles of incorporation in St Paul reducing capital stock from 37.6 percent to 400. No explanation was given for the action.
Chicago Grain and Provisions Market Report
Improved weather worldwide pushed Chicago grain and provisions lower on June 4 with July wheat down about 2 cents and corn and oats also weaker. Reports of better crop conditions in the Midwest and abroad pressured prices as traders weighed domestic receipts and futures trading. market closed near session lows with weak selling across wheat corn and oats.
MENTIONED IN THIS ARTICLE
Chicago
Southwest
Romania
Russia
Ohio
Minneapolis Trade Journal
Minnesota
Dakotas
Wige
Wetofic
Minneapolis
Duluth
Sec
Ao Ec
Y-Traea
Jui Deckers
Becaoarn
Union Pacific to issue fifty million in bonds
After a Union Pacific executive committee meeting, the railroad plans a fifty million dollar bond issue, enlarging from an initial forty million. Kuhn, Loeb & Co will manage the New York sale with London partners handling sterling bonds. Subscriptions and trading activity surged, amid market talk of Rothschild involvement and price disputes.
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
Harriman
Rothschilds
Norfolk Man Appointed Receiver for Eureka Life
S D Deshazor of Norfolk named by Judge Barham of Newport News as receiver for Eureka Life Insurance Company. Bond set at 20000 dollars. Receivership follows suit by W M Morgan of Newport News, a stock and policy holder. Company capital in Virginia 300000 dollars with principal office in Philadelphia. 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 that the charge American Tobacco Company owns and controls many independent firms does not violate the Sherman anti trust law. The decision follows the People’s Tobacco Company suit seeking 506936 25 alleging a conspiracy to force the rival out of business.
MENTIONED IN THIS ARTICLE
The
Tribune
New Orleans
American Tobacco Company
Eugene D. Saunders
People’s Tobacco Company
Saunders
Shorts Line Predicts Convention Stampede Impact
The speaker asserts that the Republican Convention nomination of Theodore Roosevelt will cause a drop of 10 to 20 points in public support. The claim frames the convention as a pivotal event influencing electoral standings and party dynamics.
MENTIONED IN THIS ARTICLE
Theodore Roosevelt
Photographer George G Rockwood Files Bankruptcy in New York
George G Rockwood a photographer with a Studio at 233 Broadway filed a voluntary bankruptcy petition in the United States District Court. Liabilities total 20199 21 with assets of 266 partly exempt. Principal creditors include Macy Curtis Gowan Realty and Improvement Co Ely. Colonel Elihu Rockwood, Civil War veteran and brother, died suddenly of heart disease on March 30 at the Broadway studio.
MENTIONED IN THIS ARTICLE
George G. Rockwood
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 S. Ely
Liberty Street
Elihu R. Rockwood
Merger Bill Advances In Massachusetts Senate
The railroad regulation bill known as the merger bill passed a third reading in the Massachusetts Senate with three amendments. The vote was 24 to 12, five Republicans voting with Democrats against. The key amendment requires Railroad Commissioners to review the financial condition of the Boston and Maine and the New York New Haven Hartford lines and preserves court rights under state law for the New Haven case.
MENTIONED IN THIS ARTICLE
Boston
Massachusetts Senate
Boston & Maine
New York, New Haven & Hartford
New Haven
Massachusetts
Whiskey test case not yet decided in government suit
Washington June 4 The Levi Uri decision stirred a false belief that the blended whiskey case under the pure food law is final. The ruling held that a whiskey of rye bourbon and neutral spirits cannot be called pure rye whiskey for trademark registration. A test case on what constitutes whiskey remains to be decided with The James Clark Distilling Company listed as a defendant for service.
MENTIONED IN THIS ARTICLE
Washington
Justice Robb
District Court of Appeals
Levi-Uri
James Clark Distilling Company
Multiple Involuntary Bankruptcies Filed in U S District Court
Petitions filed against Moss & Schleestein and Everybody's Clothing Co at 682 Broadway claim liabilities over 50 000 each with assets around 11 000 and alleged transfers to prefer creditors. Also named are Adolph Freedman 401 Broadway, Israel M Cohen 825 Broadway, Solomon Schneider 32 West 125th Street, Julia Boyd Bacon 44 West 22d Street, Jacob Bier 603 6th Street, Henry Kahn, and the Cooke corporation with Roosevelt Doctrine stock. total claims amount to over 85 963 dollars. Receiver William L. Kitchell appointed for Moss & Schleestein.
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
Adolph Freedman
Miller & Bonime
Israel M. Cohen
Robert Reis & Co
Solomon Schneider
West 125Th Street
Leiman & Poritz
6Th Street
William Cohen
Bier
Hugo Cohn
Cohen
Henry Kahn
Copartnership
Robert Grier Cooke
R. G Cooke
B. F. Yoakum
Bonds Approved for Boston & Albany Railroad Plan
Albany June 4 The Public Service Commission granted Boston & Albany Railroad permission to issue 7 000 000 in twenty five year improvement bonds bearing 4 percent interest. Proceeds fund permanent and extension improvements in New York and Massachusetts. Erie Railroad also authorized 1 000 000 in substitute bonds. Edmund F Van Hosen appointed inspector in transportation division at 8 000 annual salary.
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 eyes five million release
Officials said the emergency currency law frees national banks from 25 percent reserve on government deposits. About 27 million in public money sits in banks, enabling over five million to circulate. Banks face a 1 percent tax on deposits. profitability hinges on duration of deposits and call risk. If funds stay two to three years, banks might offer up to four percent interest. Summer resort guidance teased for Tribune issue.
MENTIONED IN THIS ARTICLE
New York Clearing House Association
Leslie M. Shaw
the Treasury
Clearing House
Secretary of the Treasury
Home Bank of Brooklyn Reopens After Bank Run
After closing since February 1 due to depositor demands, the Home Bank of Brooklyn on Fifth Avenue and 4th Street reopened yesterday morning. Deputy bank superintendent George Leonard found no loss or deficit, spent 42 days examining affairs, and noted no excessive withdrawals as depositors waited. New officers are William E. Kay president, Charles Crawford vice president, and Sonn W. Waller cashier.
MENTIONED IN THIS ARTICLE
Home Bank of
Brooklyn
Fifth Avenue
4Sth
George Leonard
William E. Kay
Charles Crawford
Sonn W. Waller
Patterson Cash Register Co Eyes Paterson Factory Move
John H Patterson president of the National Cash Register Company from Dayton, Ohio visited Rogers Locomotive Works in Paterson to explore buying the shops from the American Locomotive Company. If completed, the deal would trigger a major Paterson boom. The Dayton factory now 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
Full Resume of Work at Erie Railroad Shops in Jersey City
Full working time resumed at the Erie railroad repair shops and roundhouses in Jersey City yesterday. Over 1,200 men were affected as crews had operated on half time for several months. The change applies to all parts of the road.
MENTIONED IN THIS ARTICLE
Erie Railroad
Jersey City
Ulster & Delaware R. R
Philadelphia
New York
West Shore R. R
Catskill Mountain Limited
Catskills
N. A. Sims
Gen
Ingston
N. Y
Boy Run Over by Train at Culver Station
Eleven year old Abraham Morris of 1040 Cortland Street Coney Island was knocked down by an eight car Brooklyn Rapid Transit train at Culver station. Dr Fisher of Coney Island Reception Hospital said he only had a slight cut over the right eye and the boy went home.
MENTIONED IN THIS ARTICLE
Abraham Morris
Cortland Street
Coney Island
Brooklyn Rapid Transit
Culver Station
Fisher
Brooklyn Ferry Company to Sell at Auction in Brooklyn
The Brooklyn Ferry Company will auction its property rights and franchises in Brooklyn on June 2 to satisfy a judgment exceeding $6,000,000 obtained on December 3, 1996 by Knickerbocker Trust Company. The assets include seven ferries eighteen ferry boats piers ferry houses and the related real estate. Joseph J. O\u2019Donohue Jr. as president 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
London June 4 The Cunard Steam Ship Company raised 800000 in 4 percent mortgage debenture stock redeemable 1911 to 1920 at 102, issue price 97, with lists closed this morning. The company is authorized to issue 1600000 of such stock for new tonnage and business expansion.
MENTIONED IN THIS ARTICLE
London
Cunard Steamship Company
Mutual Life Trustees Organize After Election
The Mutual Life Insurance Company newly elected board organized yesterday and re elected officers. Standing committees include Finance with George F. Baker Dumont Clarke A D Juilliard J Rogers Maxwell and Bejamin F Tracy. Real estate with Charles 5 Brown William P Dixon H Rieman Duval Alfred B Marling and Louis Stern. Insurance and agencies with Julien T Davies William F Harrity William H Lambert Henry W Taft and William H Truesdale. Mortuary claims list Charles D Dickey Thomas M Mulry Cornelius Vanderbilt and Robert Bb Woodward. Auditing with Cyrus H K Curtis Frederick H Eaton George P Miller and Herman Ridder.
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 5. Brown
William P. Dixon
H. Rieman Duval
Charles D. Dickey
Alfred B. Marling
Louis Stern
Julien T
Also Mentioned on This Page
Fatreat
U.S
Bigelow Carpet Mill
Chicago Grain and Provisions
U. P
Insurance Company
JUDGE
Standard Oil
Thomas W. Lawson
P. S. Commission
the Tribune
Home Bank OF Brooklyn
Cash Register CO
Erie
Frederic H. Hatch
Es&p
BS & F
Lence Steel
Brass
Lord & Taylor
Lorillard Pv
Coal
Am Press
Niles-Bem
Babcock & W
Barney & SC
Pratt & W
Borden's
Texas
Trenton Po
Empire
Union Carbide
Union Ferry
Union
United Bk
Kirby Lum
Ars
Bonde
P&f
Io West
Sun
Cunard
Mutual Life Trustees
San Francisco
Altaseeaseserees
Hale & Norcros
Kentucky
Andes
Mexican
Belcher
Occidental Cor
Best & Belcher
Ophir
Overman
Caledonia
Savage
Whellar
Sierra Nevada
Cal & Va
Crown Point Utah
Gould & Curry Cence Oe
Yellow Jacket
Aenedoahen
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
Lst
L. A
Grand Central Station
New Hampshire
Bretton Woods
America
Mount Pleasant
Mount Washington
Bretton Woods Golf Club
42Nd St. New York
Nleal
Bretton Hall
Seymour
Kittatinny Delaware Water Gap
Kittatinny Park
G. Frank Cope
Vermont
Lake Bomoseen
W. C Mound
Hydeville
Maine
Cushing
Casco Bay
Ottawa House
Boyce & Hatfield
Martha Washington
East 29Th Street
Water Gap House
Delaware Water Gap, PA
John Purdy Cope
New Spruce Cabin Inn
M. D. Price
Canadens's
P. O
Essick
Alleghenies
H. M. Essick
Essick Heights
Mount Pocono
Delaware Water Gap
Stroudsburg
Cresco
Pocono Summit
Delaware Valley
New York City
Charles . Beckett
County of
William F. Palmenberg
Sackett & Lang
Nassau Street
Borough of
Manhattan
City of New York
Dorothy M. Palmenberg
Executrix
Borough of Manhattan
Cha
Beckett
York
Abby S. Thompson
Fisher A. Baker
City of
United Staad
Ferris
Thompson
Fisher A. Aker
Ifyrobriand
Mary DE
Abner C. Thomas
Mary de Trobriand
County of New York
Curtis R. Hatheway
City
Rush
Mary H
Charles H. Beckett
Frances A. Findlay
William M. van Buren
Charles P. Latting
Executors
Pine St
N. Y City
Swartwout & Appenzellar
Am Cigar Co
Am Tel & Tel Co
Consol Gas Co
Interborough R Co
Interborough R T
Oo Penn Rrs
Pub Ser Corp
Lakes OF the Adirondacks
Hotel Champlain
Lake Champtlain
Clinton County
Tennnis
5Th Ave
Robert Murray
Fort William Henry
George
Saratoga Locom
Sth Ave
J. F. Wilson
Catskill Mountains
Great Mountain
Mountains of
Orange
Sullivan, Ulster and
Delaware Counties
Ontario
C. Vacation Bureau
Columbus Ave
St Ave
West 125Th St
Desbrosses
West 42d
St. Ferries
Beaver St
Court St
Nostrand Ave
J. C. Anderson
Grand Hotel ' Coompany
Murray
Alow 28Th St
Madison
Grand Hotel Company
Highmount P. O
Stamford
Adirondacks
Taylor
Grand Hortel
31St Se
Frontenac
Islands
ST. Lawrence River
New Yorks
Keel
Saratoga Springs
M Lipp
Prospect House
Shelter Island Heights
Metropolitan
Madison Ave
Gramercy
R T. Martin
New Jersey
Marlborough
Blenheim
Ocean Front
Atlantic City
Josiah White
F. P. Cook
Chalfonte
N. FF
Leeds Company
Dennis
N. J
Oardwale
Walt
Montclair
Montclair, N. J
Peninsula House
Ocean Frorer
Pleasure Bay
Exce
Charles H. Dederer
Seabright
Shrewsbury
Seary Park
Bui ‘Sen Avenue
Asbury Park
Fenwick Hall
Fenwick-On-The-Sound
Conn
Bath
H. Cc. Chapman
Gemma
Indian Neck
Branford
Harry W. Bls Xham
Country Board
Pratubereh
Invalides Collins
F. D
Plattsburgh
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