Government files hard coal railroad monopoly suit
The United States sues major anthracite railroads including Reading, Philadelphia & Reading, Lehigh Valley, Delaware Lackawanna & Western, Central Railroad of New Jersey, Erie, New York Susquehanna & Western, Philadelphia & Reading Coal and Iron, and others. Defendants must answer by early September. subpoenas issued to non resident offices in Scranton Jersey City New York Wilkes-Barre and Dunmore. Proceedings follow a year long government investigation led by J Whitaker Thompson and G Carroll Todd with Henry B Robb serving as clerk.
MENTIONED IN THIS ARTICLE
Philadelphia
United States
United States Circuit
Reading Company
Philadelphia & Reading Railway Company
Lehigh Valley Railroad Company
Delaware, Lackawanna & Western Railroad Company
The
Central Railroad of New Jersey
Erie Railroad Company
New York, Susquehanna & Western Railroad Company
Philadelphia & Reading Coal and Iron Company
Lehigh Coal Company
Lehigh & Wilkes-Barre Coal Company
Hillside Coal and Iron Company
New York, Susquehanna & Western Coal Commny
Temple Iron Company
J. Whitaker Thompson
Alexander Simpson, Jr
G. Carroll Todd
New York
Simpson
Thompson
James B. Holland
Robb
Department of Justicce Reariy
Attorney General of
Charles E. Hughes
Hughes
Todd
Milliken Plant Receivers Inspect Staten Island Plant
Milliken Brothers Inc receivers visited the new five thousand dollar plant at Mariner's Harbor Staten Island and delayed comment until a morning meeting. They will likely maintain current contracts and may take profitable new ones in a planned reorganization to strengthen the business. A familiar source cited past profits of two to three hundred thousand yearly and blamed overexpansion for current troubles. Edward F. Milliken’s death left Foster Milliken to manage, with talk of bringing in a partner. Whale Creek Iron Works filed three liens for sixteen dollars on several Milliken properties for ornamental iron work and materials.
MENTIONED IN THIS ARTICLE
Milliken Brothers (Inc
Mariner's
Staten Island
Foster Milliken
Edward F. Milliken
Whale Creek Iron Works
Brooklyn
Milliken Brothers
Broadway
Riverside Drive
West 85Th Street
James J Hill Grows Bashful in Chicago
James J Hill shies away from the press while in Chicago, declining to discuss public affairs. He arrives from St Paul and departs for New York after moving his private car to the Erie line. He criticizes newspapers for printing true railroad stories, hopes to avoid the limelight, and notes railroads’ dividends. He avoids readers and leaves the Burlington offices with rail officials arranging a later train.
Railway President J J Hill Secretive Stopover
James J. Hill president of the Great Northern Railway arrived in the city at 4 49 yesterday in his private car over the Erie Railroad. He avoided registering at hotels and was not found at leading houses, with reports he may have stayed at the Ansonia. Chicago dispatches note his reluctance to be in the limelight saying he wants to keep out of papers.
MENTIONED IN THIS ARTICLE
Chicago
Record-Herald
James J. Hill
St. Paul
Erie
New York
Hill
Burlington General
Franklin and
Adams Streets
Polk Street
Miter
Willard
Great Northern Railway
Erie Railroad
Ansonia
Broadway
73D Street
President Hill
Million Offer for British Columbia Timber Lands
Negotiations for a prime Graham Island timber tract on the Queen Charlotte group advance with a New York syndicate offering 1,006,000 cash. The 78 square mile site lies along Naden Harbor with spruce fir and hemlock, near water, and includes a 15,000 option for three months to finish a survey. Owners include Edgerton of Winnipeg, with Woodruff Hanford and Sterling among the bidders.
MENTIONED IN THIS ARTICLE
The
Tribune
St. John, N. B
St. John
British Columbia
Graham Island
Queen Charlotte Group
Pacific Coast
Naden Harbor
Edgerton
Winnipeg
New York
Messrs Woodruff and Hanford
Sterling
Chicago
U P Bond Issue Certain Prospects for 100000 stock
Union Pacific Railroad Company appears poised to ratify a 100000 new common stock issue at a June 15 stockholders meeting with intent to issue 75000000 in convertible bonds. Proxies reportedly hold about three quarters of capital stock in favor, making approval likely. Rumors of injunctions against the bond issue or dividends are viewed as unfounded by informed interests.
MENTIONED IN THIS ARTICLE
Union Pacific Railroad Company
Union Pacific
Decline in Pig Iron Prices Today
Pittsburg reports a decided drop in pig iron values with spot Bessemer iron at 2350 and 24 a ton, down from last week's 2450 and 25. June pig iron trades at 375, under recent levels, with no buyers evident and one firm offering 2350 as a likely final price.
MENTIONED IN THIS ARTICLE
The
Tribune
Pittsburg
READY TO SHIP WHEAT ABROAD
Wheat prices fell yesterday prompting exporters to engage forty carloads for shipment to Europe. This marks a major export operation and suggests the market is not yet on an export basis. Positive crop notes from U S sections and favorable European cables reinforced the move.
MENTIONED IN THIS ARTICLE
Europe
Stockholders Meet On June 20 For Railroad Consolidation
The stockholders of the Pennsylvania New York & Long Island Railroad Company will hold a special meeting on June 20 at the company's offices on No. 6 Cedar Street to adopt or reject a proposed consolidation agreement with the Pennsylvania New Jersey & New York Railroad Company.
MENTIONED IN THIS ARTICLE
Pennsylvania, New York & Long Island Railroad Company
No. & Cedar Street
Pennsylvania, New Jersey & New York Railroad Company
Frank T. Fitzgerald
County of
New York
Caroline V. Folsom
Walter
William Street
City of New York
Borough of
Manhattan
Thomas
Conway
Walter I. M'Coy
Treasury calls for return of 30 million in deposits
Washington June 12 The Secretary of the Treasury issued a call for the return to the Treasury by July 10 of 30 million dollars of government funds now on deposit in banks nationwide. Funds relate to the 4 percent funded loan of 1897 maturing July 2, with deposits originally made September 27 1906 to be redeposited for redemption.
MENTIONED IN THIS ARTICLE
Washington
Secretary of the Treasury
the Treasury
Treasury
Cotton Leak trial tests Wilson statements in Holmes case
Washington witnesses describe Secretary Wilson’s testimony on promised suppression of information after Holmes was dismissed from the Department of Agriculture. The session covers the Secret Service report, rules on secrecy, and alleged prepublication data sharing with Van Riper. Several witnesses link Holmes to property acquisitions in 1905. Court adjourned to Monday for New York witness testimony.
MENTIONED IN THIS ARTICLE
Washington
Wilson
E. S. Holmes, Jr
Holmes
Department of Agriculture
Secret Service
van Riper
Mr. Worthington
Worthington
Bureau of Statistics
Bureau of Statistic
Robert M. Rogers
New York
Edwin S. Holmes, Jr
Mr. Baker
Mr. Holmes
Nathaniel Murray
Moses Haas
Chicago grain and provisions market falls on large selling
Wheat led losses as several major traders sold heavily causing a sharp drop across futures. September options slid to near day’s lows while corn and oats declined and provisions weakened on heavy packer selling and bear sentiment amid bearish weather signals and abundant receipts.
MENTIONED IN THIS ARTICLE
Chicago
Canada
Helders
Minneapolis
Dualu
Flic
Atle
Shorts
Gould Construction Postponed For Gould System Rail Link
The plan to build about 150 miles of track to connect the Western Maryland line with the Wabash and create an eastern outlet for the Gould system has been indefinitely postponed due to unfavorable financing conditions. Main line work on the Western Pacific continues, and it now appears the Gould line may be completed first before the Western Maryland and Wabash link in the East.
MENTIONED IN THIS ARTICLE
Maryland
Wabash
Western Pacific
Pennsylvania Company's dividends declared on rail lines
Philadelphia June 12 The directors of the Pennsylvania Company which operates the Pennsylvania Railroad lines west of Pittsburg declared the regular semi annual dividend of 2 percent on the stock. The Pittsburg Cincinnati Chicago St. Louis Railway Panhandle Line also met and declared the usual semi annual dividends of 2 1 2 percent on the preferred stock and 2 percent on the common.
MENTIONED IN THIS ARTICLE
Philadelphia
Pennsylvania Company
Pennsylvania Railroad
Pittsburg
Pittsburg, Cincinnati, Chicago & St. Louis
Panhandle
Pennsylvania System
C P R Scores On Hill In Northwest Rail War
Canada Pacific plans a new St Paul to Spokane route via Minneapolis St Paul and Sault Ste Marie to the border and on to Spokane connecting with Portland. The move presses Hill interests as CP gains a shorter transcontinental line boosting passenger and freight traffic, with Spokane & International stock held in escrow and a ten year option. The route signals intensified Northwest railroad rivalry and broader expansion by CP amid rising earnings.
MENTIONED IN THIS ARTICLE
Canadian Pacific Railway
Northwest
Canadian Pacific
St. Paul
Spokane
Portland
Seattle
Minneapolis, St. Paul
Great Northern
Northern Pacific
Hill Roads
Hill
Harriman
Oregon Navigation Company
Canada
Canadian Pacific Territory
Opponents Clash Over Boston Rail Consolidation
Boston hearing on Governor Guilds message regarding consolidating the Boston and Maine with the New Haven system closed. Merchants led by J Russell Marble opposed merger citing worse transport after consolidation and past Fitchburg merger regrets. Other speakers urged careful consideration and even a fall special session. The committee invited the Attorney General and Railroad Commission chair for private session.
MENTIONED IN THIS ARTICLE
Boston
Governor Guild
Boston & Maine
New Haven
Legislative Committee On Railroads
J. Russell Marble
Worcester
Fitchburg
George W. Moore
Boston Fruit and Produce Exchange
William B. Lawrence
Mellen
Tuttle
Daniel J. Kiley
Democratic State Committee
E. G. Preston
Ocean Lines
Charles E. Dean
Wakefield
Brandeis
Boston & Albany
New York Central
Railroad Commission
International Pump Changes Strengthen U S Pump Firm
The International Steam Pump Company elected William H. Wood in, Leon P. Feastman and Nathan Fleischer to the directorate, boosting Guggenheim and American Car and Foundry interests. At a board meeting John W. Touin was made president, Nathan Fleischer treasurer, and Leon P. Feastman first vice president. The company, formed from elder pump makers, dominates US pump manufacturing and has large overseas business.
MENTIONED IN THIS ARTICLE
International Steam Pump Company
William H. Woodin
Leon P. Feastman
Nathan Fleischer
Guggenheim
American Car and Foundry
American Car and Foundry Company
United States
Trust Company Merger To Take Effect Today
The proposed merger of the Mercantile and Equitable Trust companies will, it is said, be made effective today.
MENTIONED IN THIS ARTICLE
Mercantile and Equitable Trust Companies
Conditions in the Iron Trade Reported From Cleveland
The Iron Trade Review notes a May blast furnace output of 2,291,030 tons, up 64,322 from April. Daily production near 72,004 tons in May with heavy furnace activity, indicating sustained high levels. Demand remains firm though quiet. prospective shortages of steel making irons loom in the central West. Coke markets improve in Cleveland, with strong sales and higher prices, while other regions show lingering weakness.
MENTIONED IN THIS ARTICLE
Cleveland
Cincinnati
Livestock Market Movements Slow as Prices Fall
New York June 12 1907 receipts 173 cars 3273 head including 14 cars for slaughterers and 32 for market with cattle held over 37 cars 27 at Jersey City Trade slow across cattle with steers down 10 to 11 cents bulls down 5 to 6 cents medium and fat cows 1 4 to 1 6 cents some sales 2 cents lower Hologna cows steady ordinary to choice steers 480 to 635 per 1k Te car extra prime heavy Pennsylvania steers 650 bulls 3 75 to 4 90 cows 200 to 450 choles Western fat cows and heifers 495 to 85 10 Dressed beef 3 30e per Th Liverpool London shipments 912 cattle 3800 quarters beef to Liverpool 2850 quarters on Majestic Suburban cow receipts 106 prices steady 25 to 55 per head calves receipts 4726 629 for BEEVE
MENTIONED IN THIS ARTICLE
New York
Jersey City
Pennsylvania
Liverpool
London
Majestic
Met
Kansas City
Western Fed
Western
Union Stock Yards
Pittspurg
Bowling Green Trust Co Surplus Reported at Three Million
Bowling Green Trust Co located at 26 Broadway New York reports a surplus of three million dollars as part of its latest financial statement. The notice repeats the address and confirms the institution’s asset status amid ongoing market activity.
MENTIONED IN THIS ARTICLE
Bowling Green Trust Co
Broadway
New York
Also Mentioned on This Page
Hard Coal Roads Sued
Clintom Gilbert
Wal
Ameria
Manhattan Co
Nationa
Market & Fui
Metropolis
Peru
Metro
Consida
Mercha
Ury
Chase
America
Natio Park
Boe Plaza
Riverside
Ate Germae
Secon
Ichoss
Fourth &T
Trade Tas 'Union
Exch
Errorough
Iso
Ft' S Exchange
Eferson
West Life Oseses
Libert
Yorkville
R. L. Day & Co
Wall Street
Bort & Albany
Cal & Hecla M
Centennial Min
Franklin
End &T Rr
Quincy
Temarack
Wolverine
Smellers Co
Atisazi
Mars Gas
Utah
Wills & Co
Exchange Place
Rid
Bia
Buffalo
Silver Queen
Oster SS
Trethewey
McKin der
University
Kerr Lake
Green Meehan
Peterson
Nipissing
Wer Leaf
Central
Great Western
Booolprado & Southern
Ta Luna
ICIS
Southwestern
Southern Railway
Mies
San
Toledo
ST. Louis
Arnings
Bangor & Aroostook
Opera
Inc
Poxda
Johnstown
Gloversville
Tee Inc
Milliken
Mariner
J. J. Hill
U. P
Compani.s
Cortelyou
C.P.R
Guggenheim and Car and Foundry
Trust Company
Iron Trade Review
Farmers’ Loan and Trust Company
Fifth Avenue
Bishopsgate St
Paris
Rue de
Morton Trust Company
Nassau Street
Levi P. Morton
Thomas F. Ryan
Charles H. Allen
James K. Corbiere
H. M. Francis
Paul D. Cravath
John Jacob Astor
George F. Baker
Edward J. Berwind
Frederic Cromwell
James B. Duke
Henry M. Flagler
Daniel Guggenheim
G. G. Haven
James N. Jarvie
Walter S. Johnston
Evprive
Levi P. Morton, Thomas F. Ryan
Charles H Allen
Edward J. E Parr
A. D. Juillia
Joseph Lara
D. O. Mills
Richard A. McCu
W. G. Oakman
Rd, Ieque
Ray
Samuel Rea
Winthrop Rutherfur
Jacob H. Schiff
Valentine P. Snyder
Harry Payne Whitney
Jerwin D
James Narvie
Cravath
HAVEN
the Crust CompAny of America
Colonial Branch
Wall ST
FBI
Edwin Gould
William H. Taylor
Chas. P. Armstrong
John A. Hilton
3D V.pres. & Treas
William M. Laws
ProFrerare
Wavanne
Myron T. Herrick
Edward T. Jeffery
Winslow S. Pierce
Morton F. Plant
Charles P. Armstron
Frank Brainard
Harry Bronner
Franklin Q. Brown
Robert C. Clowry
Edmund C. Converse
Dick S. Ramsay
Wn. Nelson Cromwell
Frederick B. Schenck
Grenville M. Dodge
Andrew Squire
A. Goepel
Edward R. Thomas
Frank J. Gould
John P. Truesdell
George J. Gould
E. F. C. Young
Atlantic City
Laptemg St
NEW Jersey Central
Antic “City
Niagara Falls
Thousand Islands
Jamestown
Hendrickson
S of Tours
West Point
Newburgh
Poughkeepsie
Palace
Hendrick Hudson
Albany
Bilyn
Fulton St
Brosses St. S
Red Bank
Erne
Whenkiin Po
Lorg
Sheef
Samuel
Telegraph
East Buffalo
Sheen
Irving Savings Institution
Chambers St
W. H. B. Totten
Geo. B. Dunning
Thirty-Fourth Street National Bank
West 84Th Street
Association
West 34Th Street
City of
National Bank of New Or
Curtis J. Beard
Cashter
Manchester
England
Hewroom
W. H. Smith & Gen
Blackfriars St
Germany
E. K
Berlitz School OF
Madison Square
Harlem
Lenox Ave
Court St
Newark
Scheuer
Asbury Park
Hotel Touraine
RYE Seminary
S. J. Life
School Agency
American and Foreign Teachers Agency
J. Young- N
Onion Square
Bryant
Orson Desaix Mann
Winthrop & Stimson
Liberty Street
Borough of Manhattan
Charles A.” Munn
Anse Elder
MOS Winthrop & Stimson
New York City
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