Union Pacific plans large first lien and refunding bond issue
Directors ratified plans for a first mortgage on main track and miles of line, with a second lien upon the system. The board authorized extending the mortgage after stockholders vote on October 13. An immediate $86 million issue is planned, with a total possible issue near $200 million, redeemable at 1074.000. The bonds aim to refinance present debt and extend the lien over mortgaged properties. Formal subscription terms to be announced.
MENTIONED IN THIS ARTICLE
Rune Nee Sola
Eeake Railroad Company
Union Pacific Rail
FE Ee Ee
Hines Row
Dharas
Bne
Eye Board of Directors
New York
Savings Banks
Union Pacific
Ir Ie
Consolidated Exchange Year Report Highlights 80s
The Consolidated Stock Exchange issued its year end report to May 31. Ogden D. Budd, wiring president, notes a calm year despite a fall panic and no losses from bank or trust company failures. Wheat and mining transactions rose, fifty-two new members were admitted, and Badeau was elected president without ceremony amid congratulations.
MENTIONED IN THIS ARTICLE
Consolidated Stock Exchange
Ogden D. Buda
Millionaire J. B. Walker in breach case cited
Brandt Walker faces an attachment filing by a brokerage firm over a supposed $1 06.00 in trust with a local Viking institution. The amount, tied to stock market bear raids from Saratoga last year, is linked to an alleged annuity worth between $35 090 and $45.00. Attorney Thames Caldwell denies insolvency and questions the report of “ehel away.”
MENTIONED IN THIS ARTICLE
Brandt Walker
Mderstood
Walker
Saratga
Ehel
Legay
Thames
P. Caldwell
Mail Order Man Fined $10,000 in Postal Conspiracy Case
In Portland Maine on June a mail order house proprietor George F Terry paid the maximum ten thousand dollar fine for conspiracy to defraud the government of postage on second class mail matter. The conviction marks the first major government victory in the Post Office Department crackdown on mail order houses.
MENTIONED IN THIS ARTICLE
Portland
United States
George F. Terry
Water‘ie
Wood family pleads guilty in conspiracy to misuse mails
Paul Wood, Jane Wood, George W Wood, Lewin A Wood and Forest B Wood pleaded guilty in the ters court this afternoon to conspiracy to misuse the mails in Edwards-Wood Company operations. They were fined 2M each and paid. Edwards-Wood Company was formerly a Fin brokerate firm in St. MG and was succeeded by Wisconsin Grain my.
Further steel cuts eyed as finished products expected to fall
Industry sources say all finished steel products except rails will see price reductions this week. No formal talks planned, but reductions to be orderly and widely participated in by manufacturers from recent conferences. Rail rail manufacturers have settled rail spec differences and expect heavy rail demand by year end. Last year railroads ordered about a million tons for 1908 delivery.
City Sells Kissena Park Ice Plant For 1889
The artificial ice plant at Kissena Park was privately sold by the city for 1889, including machinery and storage buildings. Colonel John F. Hobbs led the sale, with officials noting the site had been valued at 40000 and could aid ice production for the poor, though inspectors deemed the plant nearly junk.
MENTIONED IN THIS ARTICLE
Kissena Park
John F. Hobbs
Bureau of City Revenues
Small Increase in Meat Prices in Chicago
Chicago packers announced a modest rise in beef and canned meats due to shortages of cattle and canned products. Armour & Co. officials said the increase will be minor, about one to two cents per pound, with the shortage not expected to last long and no need to re ship meats from Europe.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Packers
Armour & Co
Europe
Emerson Ordered to Pay 82000 to Trustee in Bankruptcy
Henry P. Emerson of Lynn must pay about 82000 to Percy A. Atherton, trustee in bankruptcy of the Eastern Commission and Importing Company, following a Massachusetts Supreme Court ruling. Emerson held multiple company roles, and the suit claimed payments to him while the firm was insolvent constituted preferential transfers. The full bench upheld the trustee's claim.
MENTIONED IN THIS ARTICLE
Boston
Henry P. Emerson
Lynn
Percy A. Atherton
Eastern Commission and Importing Company
Supreme Court of Massachusetts
Emerson
Wheat Promises Well and Oats Decline in Atlas Bulletin
The crop reporting board reports spring wheat area at about 17,710,000 acres, up 3.7 percent from last year, and winter wheat at 55 percent of normal. Oats area estimated 31,644,000 acres, down 0.6 percent. barley up 3.9 percent to 6,697,000 acres. Tye and meadow conditions given, with grain yield indications from Henry Heinzer. Rye projected at 33,446,000 bushels, while spring wheat at 247,940,000 and winter wheat at 440,315,000 bushels are forecast.
MENTIONED IN THIS ARTICLE
Washington
Crop Reporting Board
The
Bureau of Statistics of the
Department of Agriculture Today
Henry Heinzer
New York Produce Exchange
Heinzer
Ends Case Against Standard Oil
In Rochester the Standard Oil trial resumes before Judge Hazel with Edwin T. Johnson of the Pennsylvania Railroad testifying. The government rests its case, claiming the forty oil cars moved from Orleans to Vermont under shipping orders, constituting interstate commerce, and that the 2 1/2 cent rate applied to Buffalo routes.
MENTIONED IN THIS ARTICLE
Rochester
Standard Oil Company
Hazel
Edwin T. Johnson
Pennsylvania Railroad
Oleans
Vermont
Buffalo
Argue on Gas Trust Demurrer
Counsel for Consolidated Gas Company argued on a demurrer to the Attorney General's suit to oust the firm from city streets. Justice Erlanger reserved decision as questions of action, jurisdiction, and state capacity to sue were pressed.
MENTIONED IN THIS ARTICLE
Consolidated Gas Company
Jackson
New York
Justice Erlanger
John A. Garver
Court of Equity
de Ford
Canal reopening after Erie break at Bushnell Basin
Rochester reports the Erie Canal break at Bushnell Basin repaired and the canal reopened. Twenty boats from the West awaited the moment and departed today toward New York.
MENTIONED IN THIS ARTICLE
Rochester
Bushnell’s Basin
New York
Consolidated Stock Exchange Bullish Start Fails Amid Price Cuts
Traders on the Consolidated Stock Exchange opened with moderate buying but a quick downturn pushed them to form sizable short lines. Afternoon selling grew as fears of more steel price cuts spread, though some bear positions covered after the government crop report, with prices rallying before the close and most stocks finishing with fractional losses.
MENTIONED IN THIS ARTICLE
Commission
Consolidated Stock Exchange
Magistrate arraigns driver over animal beating on Fifth Avenue
Mrs Marion W Martin of East 44th Street and William J Lewis of Flatiron Building offices charged Edward Kartrowitz with beating a horse after it fell from an ice wagon on Fifth Avenue. Patrolman Hasmiller arrested him. Magistrate Moss set $200 bail for Special Sessions.
MENTIONED IN THIS ARTICLE
Marion W. Martin
East 44Th Street
William J. Lewis
Flatiron
Jefferson Market Court
Edward Kartrowitz
Fifth Avenue
Sth Street
Kartrowitz
Prosperity Days August Draws National Buyers
Controller Metz urges New York merchants to invite customers to Prosperity Days on August 14 and 15 as the commercial travellers interstate congress sessions. An estimated twenty five to thirty thousand buyers from across the country are expected to attend.
MENTIONED IN THIS ARTICLE
Metz
New York
Interstate Congress
Considering New Haven Bill Reaches House After Senate Passage
The Massachusetts Senate passed a railroad regulation bill last week and the House received it today. After a single reading it moved to second reading under a suspension of rules and was set as tomorrow’s order of the day. Several hostile amendments were offered to be printed.
MENTIONED IN THIS ARTICLE
Boston
Massachusetts Senate
Williamsburg Trust Reopens Under Metropolitan Backing
The Williamsburg Trust Company resumes business at noon yesterday backed by the Metropolitan Trust Company. Its main office sits at the Williamsburg Bridge plaza with a Fulton street branch at No. 391 and a new Broadway Stockton Street branch in Williamsburg. There was no great rush at any office.
MENTIONED IN THIS ARTICLE
Metropolitan Trust Company
Williamsburg Trust Company
Plaza of the
Williamsburg Bridge
Fulton Street
Broadway
Stockton Street
Williamsburg
Bankruptcy Petitions Filed in U S District Court
Involuntary petitions filed against Mary Kelley and Alberto di Miceli partners at 4g West 39th Street by Josephine Lohman with $2,197 claim and Madeline Z. Doty named receiver. stock and fixtures valued at $2.00. Voluntary petition against Lemuel H. Broodie grocer of Manle Peekskill with $1,658 liabilities and $2,000 assets. J. H. Wulff Inc. at 6 Amsterdam Avenue named as claimant with $533.87. Elihu Root Jr. named receiver. assets estimated at $2,000. Voluntary petition against Effie V Beyer milliner at No 6 ext 40th Street with $2,912.79 liabilities and $2,230.47 assets. stock $1,700, debts due $519.22, bank deposits $112. Arthur J Cohen named receiver. Involuntary petition against Walter E Bush Company grocer at 123 Liberty Street. tools and fixtures valued at $2,600. receiver authorized to continue business.
MENTIONED IN THIS ARTICLE
Mary Kelley
Alberto di Miceli
West 39Th Street
Josephine Lohman
Madeline Z. Doty
Volmntsry
Lemuel H. Broodie
Manle Peekskill
N. Y
J. H. Wulff, Incorporated
Amsterdam Avenue
RB. F. Shriver Company
Elihu Root, Jr
Effie V. Beyer
40Th Street
Arthur J. Cohen
William J. Miller
Walter E. Bush Company
Liberty Street
Final Court Martial Hears Argument in Corbett Case
Final hearing in the court martial of Sergeant Andrew S. Corbett of Company E, 17th Regiment, concluded with closing arguments by Lieutenant Jeremiah O Leary. The judge advocate Colonel Hueston presided as the case, arising from a dispute with Captain Robert E. Huen over an athletic meet program. A regimental decision will follow from Albany. Corbett’s acquittal was urged amid his strong service record. If dismissed, the impact could rattle the company as many ranks and some noncommissioned officers reportedly stand with him.
MENTIONED IN THIS ARTICLE
Andrew S. Corbett
Company E
Tist Regiment
Robert E. Huen
Albany
Hueston
Jeremiah O'Leary
Corbett
Pig Iron Contract Involves 2.3 Million Dollars
W. P. Snyder & Co. of Pitsburg announces a contract with Page Woven Wire Fence Company of Monessen for delivery of 14 900 tons of basic pig iron worth over 2 300 000 dollars. The order adds to other large recent placements and signals a busy season ahead.
MENTIONED IN THIS ARTICLE
Pitsburg
W. P. Snyder & Co
Page Woven Wire Fence Company
Monessen
Resumption in Hocking Valley Mines in Ohio
Nearly all Hocking Valley mines are operating at full capacity with many contracts extending through summer. New repair shops in Logan opened today, employing several hundred workers as part of the renewed operation across the valley.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Hocking Valley
Logan
Smelter Flood Halts Great Falls Operations
A telephone report states the Boston and Montana smelter at Great Falls is flooded with water one foot deep in the second story. Operations may be stopped for a month and over a thousand workers are idle. Damage to Great Northern tracks blocks Helena to Great Falls trains.
MENTIONED IN THIS ARTICLE
Helena
Mont
Boston
Montana
Great Falls
Great Northern
Great Falla
Ore Handling Season Opens on B&LE Railroad
ORE HANDLING SEASON OPENS IN REESEVILLE PEnN June. The ore handling season on the Bessemer and Lake Erie Railroad opened today later than usual due to dull trade. Every locomotive owned by the company was put in service and several hundred more men were added to work. At Conneaut Harbor 500 cars will be loaded daily, rising to 600 next week. A Carnegie Steel Company official predicts July and August ore movement will top last year’s record.
MENTIONED IN THIS ARTICLE
Reeneville
Penn
Bessemer & Lake Erie
Dulness
Conneaut Harbor
Carnegie Steel Company
INTERBOROUGH EARNINGS FOR QUARTER ENDED MARCH 31
Interborough Rapid Transit reports for the quarter ended March 31 gross earnings of 6,354,432, up from 6,031,899 last year and 5,318,729 in 1906. Net earnings rose to 2,648,501 and surplus after interest taxes and rentals reached 1,228,634. Nine month surplus totals 2,816,316. Manhattan Elevated shows a gross decline of 130,670 with surplus 185,645. Subway division gains gross 453,203 net 356,433. surplus 1,142,991 vs 818,019 in 1907.
MENTIONED IN THIS ARTICLE
Central OF Georgia
Deeee
Chicago Great Western
Borgia Southern & Florida
Twin City
Southern Indiana
Toledo Railways & Light
Moe
Interborough Rapid Transit
Subway
Manhattan
EWAY
Interborough Rapid Transit Company
Livestock Market Report From New York and Jersey City
Receipts totaled 8,424 calves and 10,583 hogs with Jelliffe Wright & Co J. G. Curtis & Son and others selling bulls cows veals and dressed calves. Prices ranged across calves veals sheep lambs hogs and buttermilks with steady demand and active trade at Jersey City and 60th street markets.
MENTIONED IN THIS ARTICLE
J. G. Curtis & Son
Jelliffe, Wright & Co
Nelson
John Ducey
60Th Street
Jersey City
W. L. Hume
St's
J. P. Nelson
H. H. Hollie
Jeliffe, Wright & Co
Geor
Eee
B. W. Otis
Andrew Mullen
Sanders
S. Judd & Co
Tobin & Shannon
McPherson & Co
Virginia
Kentucky
Ae Newton & Co
Judd & Co
Kentucky Lambs
B. Kerns Commission Company
Shippers’ Commission Company
Virginia Lambs
S. Sanders
Tennessee
New York State
W. R. Hume
Dowdney Named Clerk of the Surrogate's Court
Daniel J. Dowdney is announced as Clerk of the Surrogate's Court in a formal notice. The brief item records the appointment and title, reflecting a clerical leadership change in the court system.
MENTIONED IN THIS ARTICLE
Daniel J. Dowdney
The
Surrogate’s Court
Notice of Summons in New York Supreme Court case
Notice of summons served by publication in a New York County Supreme Court action. Plaintiffs seek relief in the complaint against Helene Stein and numerous fictitious named defendants and others, with 20 days to answer after service, dated April 21 1908 and May 11 1908 in New York City.
MENTIONED IN THIS ARTICLE
New York
New York County
Charles Weisberger
Helene Stein
Harry Goodstein
John Palmer
William Oppenheim
Patrick J. Tague
New_York Telephone Company
Fass & Company
Joseph Cohen
Joseph
Emil Nestler
James A. Jackson
Walter 3. Dudley
John P. Pater
Morris Cohen
Morris
Isidore de Bear
Isidore
James Wallace
Arthur Rossi
William Montgomery
William
Alfred Kahn
Arnold Lichtig
Broadway
Manhattan
City of New York
James A. Blanchard
Supreme Court of
State of New York
County of New York
County Court House
Borough of Manhattan
City
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Badeau
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ST. Paul
Standard Oil
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New York City
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TO _ET
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RYE Seminary
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Harry R. Munsell
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H Son Brooks
Margaret Spear Benson
Sarah E. Oshida Spear Oneill
Mnette Spear Smock
Eugene Munsell
HH. A. Munsell
City of
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County of York
Alter
Thomas
Said
Cour
Nes
Ted
Millicent Smith
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Kim
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Hall of Records
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