Railroads Report Mixed Earnings Across Lines 1907
A compilation of earnings figures for railways including Buffalo Rochester and Pittsburg Canadian Northern Detroit United System Grand Trunk International Great Northern Texas and Pacific Toledo St Louis and Western and Chicago Milwaukee and St Paul. May week results and year to date totals show varying profits and operating costs across lines.
MENTIONED IN THIS ARTICLE
Buffalo
Rochester & Pittsburg
Detroit United System
Grand Trunk System
International & Great Northern
Texas & Pacific
Toledo
Louis & Western
LIS, &T. Paul & Bault Ste
Chicago
Milwaukee
GT. Paul
Stongea
Sennen
Snowstorm and hail ruin orchards in Good Springs
A snow fall covered the ground at Good Springs in Pottsville county last night. A heavy hailstorm accompanied by thunder swept the area this month and nearly ruined the already damaged orchards.
MENTIONED IN THIS ARTICLE
Pottsville
Penn
Good Springs
Severe hailstorm hits Ballimore County crops
A brief heavy storm swept Ballimore County this afternoon causing notable crop damage from large hailstones. At Loch Raven the ground was covered by hail, with reports of unusually large stones and torrents of rain following the hail. Local observers noted significant weather disruption and possible farm losses.
MENTIONED IN THIS ARTICLE
Baltimore
Ballimore
Loch Raven
Seth
June 5 Call to business on June 4 from Bank Department
Superintendent Keep of the Bank Department issued a call today for the seizure of a batch of funds. The notice concerns a banking matter and describes a proceeding set to begin on June 4.
MENTIONED IN THIS ARTICLE
Keep
Te Bank Department
Ainning
Toledo Railways Terminal sale challenged by bondholders
A petition filed in the United States Circuit Court by Ohio Savings Bank and Trust Company alleges J Pierpont Morgan and allies conspired to fix the sale of Toledo Railways and Terminal Company at 2 million dollars. It claims bondholders’ committee bought the road to block unsecured creditors, with plans to liquidate for 6 thousand in bonds tied to Pere Marquette and other lines.
MENTIONED IN THIS ARTICLE
Toledo
Toledo Railways & Terminal Company
United States
Ohio Savings Bank and Trust Company
J. Pierpont Morgan
Morgan
Pére Marquettte
Lake Shore
Vanderbilt
Terminal Road
J. P. Morgan & Co
Pére Marquette
Commonwealth Trust Company
New Terminal Company
Open Hearth Rails Seen As Next Step In Steel Demand
Railroads and steel leaders push for durable rails, with United States Steel and Bethlehem Steel weighing open hearth production. Ex Judge Gary signals concerted study toward a unanimous quality decision and potential rail upgrades, while officials note cost and facility readiness implications amid phosphorus and brittleness concerns. A Bethlehem official counters claims of poor rail quality as a new rail mill advances plans for open hearth manufacture.
MENTIONED IN THIS ARTICLE
E. H. Gary
United States Steel Corporation
Steel Corporation
United Sates Steel Corporation
Bessemer
Charles M. Schwab
Ethlehem Steel Corporation
The
Bethlehem Steel
Bethlehem
Merger Plan Excludes Morse Coastwise Lines Denial
A Wall Street report saying Morse steamship merger would include Hudson Navigation was denied by C W Morse. Consolidated Steamship Company will control coastwise lines with stock and bonds offered as exchange for shares in New York and Cuba Mail and New York and Porto Rico companies. Most stock has been turned in, with July interest coupons on new bonds not issued to those shareholders.
MENTIONED IN THIS ARTICLE
Wall Street
Morse Steamship
Hudson Navigation Company
C. W. Morse
Consolidated Steamship Company
New York and Cuba
New York and Cuba Mail Steamship Company
New York and Portolco
Clyde Steamacce
Enip Company
Mallory Steamship Company
Eastern Steamship Company
Metrone Steamship Company
The Cotton Leak Trial in Washington
Victor N. Olmsted chief statistician testifies in the Edwin Holmes Jr. trial on alleged premature disclosure of cotton crop data. Olmsted cites conversations from 194 about Holmes interest in Idaho gold mines and a Washington apartment project. Fessenden explains crop report data gathering and the final figure reflecting the chief statistician’s judgment.
MENTIONED IN THIS ARTICLE
Washington
Victor N. Olmsted
Department of Agriculture
Edwin
Holmes, Jr
Mr. Olmsted
Holmes
Idaho
Stephen D. Fessenden
Department
Erie to Proceed with Erie and Jersey Railroad
Erie Railroad directors voted to continue the Erie and Jersey Railroad project, with work soon to start. Construction funding includes a $3,000,000 three year loan at 6 percent and $4,000,000 in bonds as collateral, amid prior pause over utilities bill concerns.
MENTIONED IN THIS ARTICLE
Erie Railroad
Erie & Jersey Railroad
Tribune
Erie & Jersey Railroad Company
Through routes and rates defined by ICC in Sugar case decision
The Interstate Commerce Commission ruled that most railroads form through routes with through rates even without joint rates. It held that ten million pounds of Omaha sugar moved under a tariff not in effect at origin cannot be moved retroactively. A through route may lack a joint rate, using a combination of local and through rates fixed at shipment time. Through carriage requires a through rate, whether published jointly or in portions by each carrier. A through bill of lading remains conclusive proof of a through route according to the Supreme Court.
MENTIONED IN THIS ARTICLE
Washington
Interstate Commerce Commission
Lane
United States
Omaha
Chicago, Burlington & Quincy Railroad Company
Commission
Supreme Court
Trust Cos May Unite In Merger Talks Denied
Reported in Wall Street circles that Lincoln and Bowling Green Trusts might merge with Carnegie Trust, but officials from Bowling Green and Lincoln denied any merger. Carnegie said the proposition rested with honorary vice-president Charles C Dickinson and was too early to comment. The Carnegie board reorganized with Leslie M Shaw president and executives Shaw Warburg and Lewisohn elected.
MENTIONED IN THIS ARTICLE
Wall Street
Lincoln
Bowling Green Trust
Carnegie Company
Bowling Green Trust Company
Carnegie
Bowling Green
Lincoln Trust
Charles C. Dickinson
Carnegie Trust Conny
Willam D. Averell
Francis Harmilton
Averell
Leslie M. Shaw
James D. Layng
A.B. Chandler
Frederick H. Eaton
Paul M. Warburg
Frederick Lewisohn
Messrs. Shaw
Warburg
Lewisohn
Mr. Shaw
the Treasury
Chicago Traction Troubles Reach City Officials
Louis C Krauthoff and George W Wickersham arrived after a Chicago conference on street railway reorganization. Plans proceed slowly as minority stockholders of West Division and North Chicago City Railway delay depositing shares until assured of full equivalent in Chicago Railways Company securities. Deposits of Chicago Union Traction and North and West Chicago stock are ready to redeposit once minority delays end.
MENTIONED IN THIS ARTICLE
Louis C. Krauthoff
George W. Wickersham
Chicago Street Railroads
Chicago
West Division
North Chicago CityRailway
Chicago Title and Ust
Chicago Railways Company
Chicago Union Traction Company
Chigo Tithe and Trust Company
North Chicago
Bankruptcy Petitions Filed In District Court Business Trouble
The clerk of the United States District Court recorded involuntary and voluntary bankruptcy filings. Debtors include Bailey Piano Company with assets about 75 thousand dollars and seventy five pianos, Max Green of Howard Street, and Louis Levenhof with debts around 187 thousand and multiple secured creditors. Receivers were appointed for several firms, bonds set from 1 thousand to 46 thousand dollars, and numerous secured claimants listed.
MENTIONED IN THIS ARTICLE
United States District Court
Bailey Piano Company
145Th St
Canal Place
Bronx
Ira Foster
Oscar H. Ltrickner
Fred J. Lennon
Harry Harris
Lindsall
Olcott, Gruber, Bonynger& McManus
Max Green
Howard Street
Martin Cohn & Co
Friedman Johnston
Lin Fong & Co
Gilbert A. Montague
E. R. Hawley
Charles F. Mitchell
Star Fire Insurance Company
Logal
Joseph F. Perdué
Max Dreyfuss & Co
Max Dreyfuss & Co., of No. 125 Broadstreet
Louis Levenhof
West 137Th St
J. O'Connor Sloan
Christopher St
Florence C. von Asten
Rindback
Austria
New
Julius Goldsmith
William EB. Smith
O. T. Mackey & Co
Carenter Non Warner
Madison
No. St
Brooklyn
Taxing Corporations in New Jersey for 1907
Secretary Irvine E. Maguire reports to the State Controller the 1907 tax schedule for miscellaneous corporations in New Jersey. 6,181 companies total with $2,565,548.04 in taxes, up $135,945.12 from last year, and 6,172 capital stock taxed firms with $2,156,894.51 due. The list includes life insurers paying 1 percent on surplus and 0.35 percent on gross premiums, led by Prudential at $295,201.19, Mutual Benefit at $104,043.66, and Colonial Life at $3,845.64. United States Steel heads capital stock taxes at $47,179.18 on $568,653,600 stock. seven firms exceed $100 million and 225 exceed $3 million in issued capital.
MENTIONED IN THIS ARTICLE
Trenton
N. J
Irvine E. Maguire
State Board of Assessors
Prudential
Hst
Colonial Life
Electric Light Company
United States Steel Corporation
France May Raise Tariff On Oil In Relief Bill
Paris June 5 This move aims to aid distressed wine growers by limiting alcohol markets. Deputies from grape and beet alcohol regions back a bill to raise petroleum duties to encourage alcohol lighting use. American oil would keep the minimum at 150 dollars under special decree, while the bill seeks a 550 dollar minimum.
MENTIONED IN THIS ARTICLE
Paris
Chamber of Deputies
Paris Address Listing for Bank Branches
The item lists addresses for financial entities including The Farmers' Loan and Trust Company with locations at 16 18 20 and 22 William Street and a branch office at 475 Fifth Avenue New York plus Paris address 78 Rue de Richelieu indicating international banking presence.
MENTIONED IN THIS ARTICLE
Farmers’ Loan and Trust Company
William Street
Fifth Avenue
New York
Mix-Up at Gas Hearing Sparks Fight Over Access and Costs
A heated Consolidated Gas Company hearing pits Arthur H. Masten against opposing counsel as press access is debated amid disputes over plant valuations. The city challenges the master’s $12.9 million Astoria plant figure, arguing a like-capacity system could cost about $4 million, and disputes the math behind the $15.5 million total for manufacturing and holding stations. The gas firm counters that the city’s $3.89 million for the Astoria plant rests on flawed capacity assumptions.
MENTIONED IN THIS ARTICLE
Consolidated Gas Company
Arthur H. Masten
United States Circuit Court
Masten
Burr
Astoria
Eity
Tist
Manhattan
East 14Th
West 42d Street
New York
Furniture Men Indicted In Sherman Antitrust Case
Indictments returned in Portland in the United States District Court against 180 furniture dealers across Oregon Washington Idaho and California for alleged Sherman antitrust law violations. The list spans manufacturers jobbers and many retail dealers across the four states.
MENTIONED IN THIS ARTICLE
Portland
Ore
United States District Court
Oregon
Washington
Idaho
California
Interborough Metropolitan Directors Consider Dividend Action
Interborough Metropolitan directors meet to decide on the preferred dividend after a stock price decline and an unearned dividend shortfall of about 9.1 million since March. Company interests expect no change while the board has declared the regular quarterly 2 4 percent on Interborough Rapid Transit stock.
MENTIONED IN THIS ARTICLE
Interborough
Wheat market steadies after frost damage reports
Chicago reports frost hurt Kansas wheat, but gains on strong demand and Liverpool prices. July wheat slips then recovers, with final quotations mixed as weather boosts crop prospects. Corn slips on wheat weakness, provisions fall. Receipts cited from Minneapolis, Duluth, Chicago with 610,000 bushels.
MENTIONED IN THIS ARTICLE
Chicago
Sac
Liverpool
Canada
Shorts
Kansas
Paris
Chamber of Deputies
Minneapolis
Duluth
Iron trade conditions dip and demand tightens
The Iron Age reports Lukens Iron and Steel buying the Oriskany mines and three Virginia blast furnaces, signaling moves toward independence after Wickwire’s Tuttalo furnace. Pig iron markets stay quiet, furnaces sold forward, foreign iron likely to flow for months. Leading buyers place large orders for various rail lines and sites while prices are expected to hold through summer.
MENTIONED IN THIS ARTICLE
Lukens Iron and Steel Company
Oriskany Mines
Virginia
Tuttalo
Wickwire Company
Lukens Company
Neral
Chicago & Northwestern
Arkansas, Louisiana & Gulf
Wisconsin Central
Pennsylvania
Atchison
Allegheny Mountains
Export of Gold Accelerates as Lazard Frères Ships Million
Lazard Frères engaged $1,000,000 worth of gold from the Sub-Treasury yesterday for export to Paris today. The total gold exports since the movement began rise to $6,800,000. Foreign exchange shows no change, and leading bankers expect the outward flow to continue, potentially hitting $15,000,000 unless an unexpected development occurs.
MENTIONED IN THIS ARTICLE
Lazard Fréres
Paris
Why Forgan Resigned from Alton
James B. Forgan president of the First National Bank of Chicago says he resigned as a director of the Chicago and Alton Railroad due to lack of time for board meetings. He denies any clash over a preferred dividend and states he has no personal interest in the Alton. He neighbor of Alton president Felton and may have agreed to serve at Felton's solicitation.
MENTIONED IN THIS ARTICLE
Tribune
Chicago
James B. Forgan
First National Bank of Chicago
Chicago & Alton Railroad
New York
Mr. Forgan
The
Alton
Forgan
Felton
Ficial
Wanamaker Firm Forms New Department Store
John Wanamaker of New York filed a certificate of incorporation with the New York Secretary of State. The new corporation will operate a department store with a capitalization of 7,500,000 dollars. Directors include John Wanamaker Thomas B. Wanamaker L Rodman Wanamaker William L Nevin of Philadelphia and Robert C Ogden of New York.
MENTIONED IN THIS ARTICLE
Albany
John Wanamaker
New York
Thomas B. Wanamaker
L. Rodman Wanamaker
William L. Nevin
Philadelphia
Robert C. Ogden
Markets by Telegraph Cattle Hogs and Sheep Prices Across Cities
East Buffalo reports prime steers at 6 to 65. calves 56 to 68. hogs 65 to 70. lambs 53 to 85. stockers mixed. Pittsburg stock yard notes light cattle, prime hogs 50 to 66. veal calves 75 to 80. Kansas City and Chicago show strong to steady cattle and hog markets with varied ranges.
MENTIONED IN THIS ARTICLE
Telegraph
East Buffalo
Union Stock Yards
Pittsburg
Chicago
Kansas City
Surplus Listing and Key Officers of the Organization
The document lists a surplus of $3,000,000 and capital of $1,000,000 with Edwin Gould as President and William H. Taylor as 1st Vice-President. Other officers include Charles P. Armstrong as 2nd Vice-President, John A. Hilton as 3rd Vice-President and Treasurer, and William M. Iaws as Secretary. The roster names numerous directors and associates such as Grenville M. Dodge, Myron T. Herrick, Morton F. Plant, and Edward R. Thomas among others.
MENTIONED IN THIS ARTICLE
Edwin Gould
William H. Taylor
Chas. P. Armstrong
John A. Hilton
3D V.pres. & Treas
William M.iaws
Also Mentioned on This Page
William EB. Nichols & Co
Wall St
Acco
Greene Cananea
Greene Cow
Greene
Linza Creek
Havana Tobacco
Garden
Nevada
Y Trans. Rec
Otis Elevator
Royal Rak
Vnion Cop
United Copper
Msno
Ala & Susy Green
Aub & Vermont
Hart & Conn W
Ales West
Tel & Cable
Joliet & Chic
LSN RR & C
Avg & Sev
la & Mo Riv
Avon G& Mim
Little Miami
Besereek
Lowell & and
Berks
Mahon Coal of
Bleec &FF _ Be
Lowe
Nash & Decatur
B&é
Alpt
Ashua & Low
Best & Prov
NJ Is Co
Bway & 7Th Av
Harlem
Broo City
NY Law
Cam& Brr
Ninth Ave
Catawist Pf
North Carolina
Yuga & Susq
RR of
IS &£&Er
Igo North Penn
Eo & GC
Northwest Tel
Ch & F
Ogden Mine Nor & War of
Chr & Wth
Ve & Pitts
Colony
Xenia
Swego & Syra
Union Meil
Ac & At
S & Mon
Pat & Hud
Pat & Ramapo
Peoria & B Vy
Phil & Trenton
Pitts B & L E
Pitts
Mahaney
Pitts McK & Y
Renss & Sara
Re & Kalama Krwé&O
Rie Pitts
Second Avenue
Sixth Avenue
VY & J Nf
South
At Tel
Garr & Bco
Utica Clin & B
God
Utica & Elk Riv
E Tiver
Utica C
Clinton Gilbert
America
Jaina Na’ Ek
Metropolis
Ful
Battery Park
Mechanics
Epee Bowery
Trad
Butch & Dr Wv
Mercantile
Coat & I
Metropolitan
Consolidated
Merchants
Chase
Mount Morris
Chatham
Mutual Chemical
Am City
Chelsea
Colon
Meteor
Columbia
Corn Exchange
North America
East River
Fidelity
Natial Park
Fth Avenue
Phenix
Fourteenth St
Plaza Vee
Gelletin Esccce Ao
Riverside
German-Amiév
Seaboard
Greenwich
St Hersister
Hanover
Union Exch
Jefferson
West Side
Seetee Liberty
Yorkville
William E Nichols & Co
Syracuse
Ny&e Riv
St Paul
Ny&nj
National Biscui
Canal & Ct
Ge & OP
Stedle C L
Subway
Bwift & Co
Witness
Western Stone Ie
KC Ry
Galé
van Schatck & Co
Unite
Raiiwey
TA le - Ge
Isis
Chas City Ry
Maryland
Toledo Bank
Erie & Jersey
France
London
Bishopsgate St
Rue de
the Crust Company of America
Colonial Branch
Broadway
Watt St
Mr. Masten
Bowling Green Trust Co
Charles P. Armstrong
Frank Brainard
Harry Bronner
Franklin Q. Brown
Robert C. Clowry
Edmund C. Converse
Wm. Nelson Cromwe
Grenville M. Dodge
A. Goepel
Frank J. Gould
George J. Gould
West Point
Newburgh
Poughkeepsie
Palace Iron Day
Hendrick Hudson
Bklyn
Fulton St
Annex
Desbrosnes St
Thousand Islands
Fulton Brooklyn
RED Bank
Franklin St
N. R
Highlands
Red
Long Asbury Park
City Hotels
Ee Wwlegantly
van Rensselaer Hotel
East 11Th St
Ket
St. Ave
Boston
Commonwealth Avenue
Back Bay
Greenleaf & Barnes
New Profle House
Europe
Germany
England
FE. K
Tribune Office
Berlitz School OF Languages
Madison Square
Lenox Ave
Court St
Newarks Scheuer
Asbury Park
Hotel Toursine
RYE Seminary
S&s. J. Life
the Misses
School Agency
American and Foreign Teachers’ Agency
J. Young
Yulton
Union Square
E’ Way
Bryant
Jersey
Berkshire
Hood Farm
Lowell
Wequest
T. Fitzgerald
York
Orson Desaix Munn
County of
Ness
Winthrop & Stimson
Liberty Street
Borough of Manhattan
A. Munn
Anne Elder Mun
Winthrop
Kerry Street
New York City
HO . T. Fitzgerald
Caroline V. Folsom
Walter I
Ae Torough
Marc Thomas G Conway
Walter I. M'Coy
Texas
Cincinnati
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