Erie Railway seeks bond extension and coupon financing
Erie Railroad plans extending bonds maturing this year with bankers to coupon for interest due. Morgan & Co. will purchase at par the bonds for cash next July while a plan funds coupons through a new issue and reserves remaining amounts for debt service and improvements.
Westinghouse Stockholders Urged to Subsubscribe
The stockholders' committee of Westinghouse Reve end Manufacturing urges pro rata subscription to new stock before June 22 under the merchandise creditors' plea. A letter from the company’s promoter outlines legal steps if a sale of assets occurs, including possible public auctions of factories and separate sale of collateral assets. Edwin F. Atwater, Boston, and George Westinghouse are noted in the communications.
MENTIONED IN THIS ARTICLE
Westinghouse Reve End Manufacturing Company
Coniyer
Omer
Edwin F
Boston
George Westinghouse
National Copper Bank Admitted to Clearing House Association
National Copper Bank has been admitted to the Clearing House Association after a period of over a year. Two other banks in the past two years, the Mate Bank and the Fourteenth Street bank, were part of the association, which now includes forty eight member banks.
MENTIONED IN THIS ARTICLE
DiNational Copper Bank
Cearing House Association
Mate Bank
National Copper Bank
National Copper
Liquiere
Pendents Filed on J B Walker Stable in Lis Pendens
Mathanie L. Carpenter of a brokerage firm at 17 William street filed lis pendens yesterday against J B Walker regarding his stable at No 7 elles to secure an attachment of property.
MENTIONED IN THIS ARTICLE
Mathanie L. Carpenter
Ae” & Co
William Street
Lis Pendens
Elles
Walker
Powder company defers stock listing action to September
An announcement from Pierre S. Du Pont's office says the New York Stock Exchange asked the Du Pont de Nemours Powder Company to postpone listing of its shares until September due to vacations and the large number of powder concerns. The company acquiesced noting no other incident.
MENTIONED IN THIS ARTICLE
Irs
The
Tribune
Tigen
Del
Pierre
du Pont
Copper Company to Install Large Converting Plant
The Consolidated Mines Company reports plans for a copper converting plant at its project in Sonora Mexico. The facility, costing about 198000, will convert matte to blister copper and aims for 20 million pounds of output when in full operation under a contract with American Copper.
MENTIONED IN THIS ARTICLE
Fetus Copper Company
Consolidated Mines Company
American
Morse Loses Stock Case in Bank Stock Pool Trial
In the U S Circuit Court Judge Lacombe ordered judgment for Charles A. Hanna receiver of the National Bank of North America against the Metropolitan Trust Company over 100 shares of Chase National Bank stock hypothecated by Charles W Morse. Testimony detailed pool purchases, commissions paid to Simpson Thacher Bartlett, and Morse's loans from the Bank of North America.
MENTIONED IN THIS ARTICLE
Lacombe
United States Circuit Court
Charles A. Hanna
National Bank of North America
Metropolitan Trust Company
Chase National Bank
Charles W. Morse
Clinton Gilbert
Simpson, Thacher & Bartlett
Hanna
Gilbert
Arthur P. Heinze
Morse
Heinze
Chase
Herbert Parsons
Bank of North America
W. W. Robinson
Heinge and Robinson Hotel
Chase Bank
United Copper
Chase Stock
van Norden Trust Company
Edward B. Wire
Clearing House
Senate Finance Committee Meets At Plaza To Study Tariff
A brief Senate Finance Committee session at the Hotel Plaza considered actions under the May 16 resolution. Three sub committees were created to study equitable foreign treatment for US products, efficient customs administration, and tariff rate changes with cost comparisons to key foreign rivals. Aldrich, Burrows and Hopkins chairs led the panel.
MENTIONED IN THIS ARTICLE
Senate Committee On Finance
Hotel Plaza
Senate
Executive Department
United States
Aldrich
Allison
Hale
Daniel and
Teller
Burrows
Hansbrough
Platt
Hopkins
Bailey
Money
Taliaferro
Penrose
Missouri Militia May Be Called Over 2 Cent Fares
June 11 report from Jefferson City notes officials weigh use of militia in the railroad fare dispute. If Judge McPherson denies a 60 day reply extension to the state, railroads may push to restore 3 cent mainline and 4 cent branch rates. Governor Folk allegedly prepared a militia proclamation last year to enforce the 2 cent law.
MENTIONED IN THIS ARTICLE
Tribune
Jefferson City
Missouri
McPherson
Kansas City
Hadley
Folk
Falk
Gary Not to Retire Denies Steel Price Cuts
Ex Judge E H Gary chairman of United States Steel denied Pittsburg reports that President William E Corey pushed finished steel price reductions and that Gary would quit to resume law practice. He said Carey did not favor price cuts and there are no dissensions. relations among officers and competitors are friendly.
MENTIONED IN THIS ARTICLE
E. H. Gary
United States Steel Corporation
Pittsburg
William E. Corey
Gary
Steel Corporation
Carey
Charles M. Schwahb
Bethlehem Steel Corporation
Willis L. King
Jones & Laughlin Steel Company
E. A. 8. Clarke
Big Steel Combination in British Trade
The Iron and Steel Trades Journal reports a major British steel trade amalgamation with a capital of 375,100,000 aimed at controlling international export trade. Similar unions in America and the Continent are said to back the British move.
MENTIONED IN THIS ARTICLE
London
Iron and Steel Trades Journal
America
Union Pacific Bonds Subscriptions Over Subscribed
Kuhn, Loeb & Co announce closing of subscriptions for 54 million dollars of Union Pacific 4 per cent first lien and refunding bonds. Lists opened in New York and London. oversubscribed locally, kept open for out of town bids. Bonds traded as high as 97 on issue cards, last at 9% under subscription price.
Rate War Forces Prince Line to End Atlantic Service
C B Richard company announces American Russian Volunteer Fleet and Prince Line will suspend New York to Mediterranean and Rotterdam Libau runs due to plummeting traffic. Steamer Kherson will depart June 17 signaling suspension of service to Rotterdam Libau as Neapolitan Prince and Sicilian Prince head to Naples and do not return to port.
MENTIONED IN THIS ARTICLE
C. B. Richard & Co
No. 21
Broadway
New York
Mediterranean
Prince Line
Etcamere Neapolitan Prince
Naples
Rotterdam
Libau
Kherson
Investor optimism cited as signal for market confidence
Frank F. Marquané in his stock market letter notes the Missouri Pacific American Car and Foundry and Western Union directors cutting dividends as a measured act by Republic. He argues this conservatism reestablishes confidence in standard securities and that optimism will prevail.
MENTIONED IN THIS ARTICLE
Frank F. Marquané
Missouri Pacific
American Car and Foundry
Western Union
Republic
Greenwich Savings Bank Declares 4 Percent Semiannual Interest
The Greenwich Savings Bank, a 75 year old institution, announced a 4 percent semiannual interest rate. James Quinlan, president, spoke at a recent meeting noting the bank’s long history and assets totaling $61,700,000 with a surplus of $4,000,000.
MENTIONED IN THIS ARTICLE
Greenwich Banke
James Quinlan
Dsary
Quinche
Syndicate Led by Morgan Plans New York Central Bond Issue
A Morgan led syndicate seeks to buy 13 million of New York Central 4 per cent debentures out of 20.9 million authorized by the Public Service Commission in April. They will likely be offered to the public at 91. The issue was approved by New York Central directors on Wednesday to finance current reed needs.
MENTIONED IN THIS ARTICLE
J. P. Morgan & Co
New York Central
Public Service Commission
Reed
Chicago Grain and Provisions Market Report June 11
Weather-driven crop damage reports from the Northwest and Southwest fueled activity in Chicago trade. Wheat futures rose with July showing strength as rain damage in Kansas Oklahoma Texas North Dakota Minnesota supported gains. corn and oats also firmed and provisions advanced on packer buying and hog price gains. Estimated receipts: wheat 17, corn 309, oats 106, hogs 22,000 head.
MENTIONED IN THIS ARTICLE
Chicago
Northwest
Liverpool
Kansas
Oklahoma
Texas
North Dakota
Minnesota
Silac
Minneapolis
Duluth
Fince
Chicago Guests Welcome New French Liner at Dinner
Chicagoans hosted a dinner for the new French line steamship arriving from New York. A silver tablet was presented by the Chicago Association of Commerce with speakers including George W. Sheldon and Paul Faguet.
MENTIONED IN THIS ARTICLE
Eave
Chicago
Rmen
New York
Chicago Association of Commerce
George W. Sheldon
Foreign Trade Committee
Metz
Paul Faguet
Vicomte de Chamb
Goff Instructs Ice Trust Jury On Restraint Of Trade
The special grand jury probing the ice trust asked Justice Goff two questions. He ruled that contracts restraining trade are illegal and that selling a business and pledging not to reenter the trade constitutes a crime. The foreman spoke with Goff and Deputy Attorney General James W. Osborne, and the panel adjourned until next week.
MENTIONED IN THIS ARTICLE
Ice Trust
Justice Goff
James W. Osborne
Chicago Traction Bondholders Get Protective Committee
James N. Wallace, Hugh J. Grant, Henry A. Blair, Chauncey Keep and Charles G. Dawes form a protective committee for holders of general mortgage bonds of the Chicago Consolidated Traction Company after the company defaulted on interest due in June.
MENTIONED IN THIS ARTICLE
Chicago Traction Committee
James N. Wallace
Hugh J. Grant
Henry A. Blair
Chauncey Keep
Charles G. Dawes
Chicago Consolidated Traction Company
Bankruptcy Petitions Filed In U S District Court
Petitions in bankruptcy filed in the United States District Court name Gustav A. Boehm of West Chester with assets of 2259 in liabilities of 96122. Involuntary against Julian School & Co. of Kingston factory assets 191901 25 include cash bills receivable machinery stock and realty mortgage details. Other filings name Davidson Engraving Co. and Jacobson Barnett Jacobson with receivers appointed and claims listed.
MENTIONED IN THIS ARTICLE
United States District Court
Gustav A. Boehm
West Chester
Julian School & Co
Liberty Street
Stearns Manufacturin Company
Philadelphia
Arthur J. Lockwee
Moses P. Prout
Stearns Company
Lockwood
Prout
Payson Merrill
Julian School
Kingston
N. Y
New York Livestock Market Report June 11 1808
Beef receipts reached 93 cars totaling about 1 600 head with steady mood. dressed beef dull at 10 11 40 cents per pound native sides. Calves receipts 302 head with steady demand and limited offerings sold early. Sheep and lambs 18 ½ cars 4 290 head with light supply and steady prices. hogs 915 cars 1 598 head with no sales reported, market steady.
MENTIONED IN THIS ARTICLE
New York
Liverpool
London
Jersey City
European produce market closes with mixed UK and US price notes
Liverpool spot and futures show wheat and corn steady to firm with steady prices for pork and bacon cuts. Canadian cheese remains steady while lard and linseed oil hold recent levels as markets reflect broad buyer demand.
MENTIONED IN THIS ARTICLE
Liverpool
California
London
Pacific Coast
India
Tierces
Peils
Summer School at Asbury Park by Berlitz Harlem Branch
The Berlitz School of Languages announces summer program at Asbury Park with teachers sent to all places within a hundred miles. Broadway Harlem Branch now Ave Brooklyn 78 Court.
MENTIONED IN THIS ARTICLE
Berlitz School OF Languages
Broadway
Harlem
Ave
Brooklyn
Court &T Eae
Asbury Pare
Erie Railroad Extends Buffalo and Southwestern Bonds to 1918
The Erie Railroad Company announces plans with J P Morgan & Co to extend 1.5 million dollars in First Mortgage Bonds and 1.9 million dollars in Second Lien Bonds for the Buffalo & Southwestern Division to July 1, 1918. Interest remains five percent in gold, with payments semiannual, and bonds will be redeemed at 105 percent if not extended. Bondholders must deposit by June 30, 1908 to extend. extensions issued with new coupons. Morgan firm to buy at par after maturity if not extended.
MENTIONED IN THIS ARTICLE
Erie Railroad Company
United States
Erie Railroad
J. P. Morgan &9
Wall Street
New York
B. F. D. Underwood
J. BP. Morgan & CO
Messrs. J. P. Morgan & Co
Buffalo & Southwestern Railroad
Buffalo & Southwestern
Messrs
J. P. Morgan & Co
J. P. Morgan &O
F. D. Underwood
J. PL. Morgan
Foreclosure Sale notice in New York City real estate
Supreme Court of New York County to sell by public auction June 17 1908 at 12 noon at 14 16 Vesey Street Manhattan the property in Manhattan bounded by Second Avenue and One hundred twenty third Street with buildings and fixtures in mortgage to Linn Bruce Referee James McKeen Auctioneer listing the parcel and sale details for the judgment of foreclosure and sale against S Mutual Life Insurance Company of New York plaintiff and David G Ludins et al defendants.
MENTIONED IN THIS ARTICLE
Upreme Court
County OF New York
S Mutual Life Insurance Company of New York
David G. Ludins
New York
Vesey Street
Second Avenue
Also Mentioned on This Page
Parcene Ee
Arriman
Morgan Syndicate
Oe Oe
Ieeve
Buffalo & Southeen
Erie
First Consolidated Port Railroad Company
Pp Peas
P Morgan & Co
Ponds End
Ste
Ptate
Amber Westinghouse Appeal
Ational Copper Bank
Pendens
J. B. Walker
Statentre
Com- Fo
Igumidlae Copper Company
Sonora
Mex
Senate Finance Committee
Plaza
Militia
Corey
BIG Steel Combination
U. P
Savings Bank
Chicago Grain and Provisions
BR. L. Day & Co
Boston Conseres
Bost & Albany
Cal
Centannia
Fitchourgs
Franklin
NYNH
Oid Colony
West End
Butte
Tel & T
Tel & T Co
Masa Jas
SS Atlantic
Shannon
Utah
Bingham Min
United Fruit
Indiana Natural Gas & Oil Company
Peoples Gas Light and Coke Go
New York Stock Exchange
Peoples Gas Company
Peoples Gas Co
Jacob Rubino
Broad Street
Drexel Building
Park Place
and & L. A
H. F. Hutchinson
Goff
Davidson Engraving Company
White Street
Thayer, Taylor & Griffin
Henry Tonjes
Seventh Avenue
Jacobson, Barnett & Jacobson
Denzer & Nathan and
William Henkel, Jr
Isaac Greenberg
Bleecker Street
Solomon Friedman & Co
RYE Seminary
Mrs. & J. Life
the Misses Stowe
Rye, New York
Church Street
Linn Bruce
American and Foreign Teachers’ Agency
Mra. M. J. Young-Fulton
Union Square
Canadian Rockies
Yellowstone Park
Colorado
Europe
Raymond & Whitcomb CO
Madison
Fifth Ave
Bet
Agara
Atlantic City
Montreal and Lakes
White Mountains
Montreal
Nova Scotia
Old South Country
Saguenay River
Provinces
G1 Lakes
T. H. Hendrickson
Fulton St
West Point
Newburgh
Poughkeepsie
Palace Iron Day Line
Bklyn
Desbrosses St
Ramsdell
Parade
Sander
Glenwood
Steamer “Orient
New Pier
Hanover Sq
St. FE
Orient
Glenwem
Starin
Long FE Xp
Hudson River
Glen
Cortlandt
New Haven
Richard Peck
East River
RED Bank Line
St Pier 2
Red Bank
Trekey
Lang
Asbury Park
Depot Quartermaster's
Whitehall St
New York City
Diana
WM. &. Patten
Fosals
War Department
New London
Conn
Fort H. G Wright
R. McA. Schofield
LiSee Department
Washington
Treasury Department
Secretary of the Treasury
Geo. B. Cortelyowu
Seacretary
FAR Department
Constructing Quartermaster
Fort Trumbull
R M. Schofield
ARMY
Yeing
Harlem River
John G. D. Knigest
Engrs
H. Beckett
Dorothy
M.a
Executris
Sackett & Lang
Executrix
Nassau Street
Borough of Manhattan
Charles L H. Beckett
United States Trust Company OF
Ferris S&s Thompson
Ezra
Fisher & Baker
Rush
Mary Hin
Ae Ee
Cea
Mary Brookline
Mass
Charles P. Latting
Pine Street
City of New York
Frank Findla
Tlliam M. van Buren
Pine St
Manhattan
Newew York Supreme Court
Fortuna Machine Company
Plaintif
Henno Fischer
Greeley & , Austin
Park Row Borough of Man
Beane Fischer
Peanet
Elon
Charlies Guy
Supreme Court of
State of New York
Redding, Greeley & A Attorneys
New Tock City