New York Central Plans Electric Trunk Line Erie to Buffalo
The New York Central plans an electric trunk line between Buffalo and Erie, a about hundred miles, with Lake Shore losing local service as through traffic shifts. NYC aims to control a western traction network via Vanderbilt interests and related syndicates, using Buffalo & Erie traction lines as feeders, while presenting the line as independent competition to Lake Shore.
MENTIONED IN THIS ARTICLE
New York Central Railroad
Buffalo
Erie
The
Central
Vanderbilt
Lake Shore
Buffalo & Lake Erle Traction Company
New York Central
Buffalo & Lake Erle
Westfield
Dunkirk
Hamburg
Mayer-Sheehan Syndicate
Buffalo and Lackawanna
Buffalo & Erie
Mohawk Valley
Andrews Syndicate
Roperties
Bank
Buffalo & Lake Erie
Joseph BR. Mayer
L. B. Grant
Marshall J. Dodge
Mayer
William H. Sheehan
the & Lackawanna
Buffalo & Lake Erie Company
Pennsylvania
Albany
Cleveland
Gold Exports Continue With Paris Shipment Large
The movement resumes with a $2,590,000 shipment to Paris on the steamer La Lorraine. Lazard Freres takes £8,50,00 and Goldman, Sachs & Co. covers the rest, bringing total forward to $15,900,000. Bankers expect further outgo as long as call money stays at current levels. The Bank of France reportedly may not withdraw its gold shipment allowances yet.
MENTIONED IN THIS ARTICLE
Paris
la Lorraine
Lazard Freres
Goldman, Sachs & Co
Retionsburke
Bank of France
Europe
London
Fuel famine feared in West as rails push coal purchases
Washington monitors warn a coal shortage could rival last winter. Howard Elliott of the Northern Pacific urges early government and rail depots to stockpile coal for next winter. Cabinet backs action. Montana railroad panel urges summer buy. Los Angeles reports full early summer coal fill while West and Northwest railroads store ore coal at depots.
MENTIONED IN THIS ARTICLE
Washington
West
Northwest
Howard Elliott
Northern Pacific Railroad
Commissioner Lane
Interstate Commerce Commission
Lane
Garfield
Taft
Roosevelt
Oyster Bay
Northern Pacific
B. T. Stanton
Railroad Commission of Montana
Montana
Los Angeles
BUREAUS AGREED ON REPORTS IN DC COTTON SCANDAL TRIAL
Washington June 19 Former Associate Statistician Holmes of the Agricultural Department faces trial on conspiracy to defraud the government by crop report manipulation. Van Riper testifies that he did not intend improper conduct, shielded others, and that figures could be altered in Holmes absence. Bank officials testify on cash moves. handwriting expert identifies exhibits as court adjourns with Van Riper recalled.
MENTIONED IN THIS ARTICLE
Washington
Holmes
Agricultural Department
van Riper
Wilson
Worthington
Price and Haas
Hyde
Europe
Peckham
Beach
Haas
David N. Carvalho
New York
Judge Landis seeks financial details in Standard Oil case
Chicago June 19 Judge Landis summoned both sides in the government against Standard Oil to submit information on the company’s financial status and its dealings with the Chicago and Alton Railroad. He asked for stock ownership, holdings, 1905 1908 1909 earnings and dividends, payments for Union Tank Line use, and reasons for a 10 cent per hundred pounds rate. The judge also requested tariff schedules filed with the Interstate Commerce Commission.
MENTIONED IN THIS ARTICLE
Chicago
Landis
Standard Oil Company
Chicago & Alton Railroad
Standard OU
Therm
Chicago & Alton Railroad Company
Chicago & Alton Company
Interstate Commerce Commission
Boody Elected President of Brooklyn's People's Trust Company
Charles A. Boody, son of former Brooklyn mayor David A. Boody, was elected president of the People's Trust Company in Brooklyn yesterday. He has served as secretary since 1908 and joined the company at its 1891 founding after starting as a bookkeeper. Charles L. Schenck becomes secretary to succeed him.
MENTIONED IN THIS ARTICLE
Charles A. Boody
David A. Boody
Brooklyn
People’s Trust Company
Boody
Edward Johnson
Charles L. Schenck
Union Switch and Signal declares quarterly dividends
Pittsburg June 19. The board of directors of Union Switch and Signal Company declares a 3 percent quarterly dividend on both preferred and common stock.
MENTIONED IN THIS ARTICLE
Union Switch and Signal
Pittsburg
Union Switch and Signal Company
Decision Against Uncle Sam Oil Co. Receiver Stands in Kansas Case
In Leavenworth on June 19 the jury found against H. H. Tucker Jr. in seeking removal of the state supreme court appointed receiver for Uncle Sam Oil Co. The receivership remains, with the company once claiming 10,000 stockholders and assets near $1,000,000. Tucker, now jailed 90 days for contempt, had alleged a conspiracy involving Standard Oil and railroads to wreck the firm.
MENTIONED IN THIS ARTICLE
Leavenworth
Kan
Uncle Sam Oi
H. H. Tucker, Jr
State Supreme Court
Tucker
Standard Oil Company
Railroads
Uncle Sam Company
Pollock, Phillips and Mc
Notice to receive securities on deposit until June 20 1907
The undersigned acting for J Henry Schrader & Co. of London are prepared to receive on deposit the securities called for, until 3 P M June 20 1907, New York date June 4 1907. SPEYER & CO.
MENTIONED IN THIS ARTICLE
Havana Central Railroad Company
Messrs. J. Henry Schrader & Co
London
New York
Duryea Insolvent Colleague Suspended on Stock Exchange
Frank W. Duryea, floor member of Duryea & Co at 20 Broad Street, suspended for insolvency. The firm dissolved and a new firm Duryea Tappin & Co formed to carry on the old business. Duryea’s liabilities are unclear but reportedly large, with estimates around 168000, while his personal indebtedness to the firm not to exceed 15000.
MENTIONED IN THIS ARTICLE
Frank W. Duryea
Stock Exchange
Frank W. Duryea & Co
No. 20
Broad Street
Duryea, Tappin & Co
Mr. Duryea
Duryea
Long Island
Starch Company
Harry H. Duryea
Fred” S. Hattershall
H. H. Duryea
Mr. Battershall
Tappin
The
Cochran, Duryea & Co
Cochran
FF. W. Buryea & Co
Iie
Lindsley Tappin
New Stock Exchange
Exchange
Mr. Tappin
J. C. Tappin
Wall Street
Bureaucratic Danger in Rutgers Alumni Address
Leonor Loree of the Delaware & Hudson Railroad, ill with appendicitis, was to speak at Rutgers alumni dinner but could not attend. The address warned that two cent per mile railroad laws reflect public willingness to act collectively, risking a shift from republican government to bureaucracy, with echoes of Camden and Amboy.
MENTIONED IN THIS ARTICLE
New Brunswick
N. J
Leonor F. Leree
Rutgers
Delaware & Hudson Railroad
W. H. S. Demarest
Rutgers Collegians
Loree
Rock Island
St. Augustine
Camden
Amboy
Congress
Ireland
Russia
Dennett pleads guilty in bond theft case details emerge
Oliver M. Dennett admitted guilt to receiving stolen bonds linked to a half million dollar scheme. The case involves Douglass, ex mayor Quincy, and Oakleigh Thorne, with Dennett facing multiple indictments for grand larceny as sentencing looms. Bonds found hidden at the Manhattan Club spotlight the extent of the theft.
MENTIONED IN THIS ARTICLE
Oliver M. Dennett
William ©. Douglass
Trust Company of America
Douglass
Dennett
Manhattan Club
Josiah Quincey
Boston
Robertson Honey
Quincy
Trust Company
Hoston
Rosalsky
Forbest
Hennessy
Sullry
Resistant
Train
Brokers Still Safe in Parker Webb & Prall Case
Justice Blanchard extended a prior injunction barring Susan Day Parker and Eliot Norton from entering judgment on the arbitrator’s award against Webb & Prall. The dispute over Parker stock transfers in 1902 1903 involved Dr. C. T. Parker and funds now totaling about 212 391.58 with Webb & Prall contesting Parker claims and Norton arguing for enforcement upon final court confirmation.
MENTIONED IN THIS ARTICLE
Justice Blanchard
Justice Truax
Susan Day Parker
Eliot Norton
Webb & Prall
Hamilton Odell
Parker
Charles Thorndike Parker
Dr. Parker
Martin W. Littleton
Webb & Pratt
Tie
Norton
Odell
Pennsylvania
Texans Visit Wall Street Stock Exchange Quiet Weekend
A group of two hundred Texas bankers and their wives toured Wall Street with National Bank of North America guides. They viewed the trading floor from the gallery as brokers remained quiet and some prepared for summer vacations. The visitors later attended the Knickerbocker Theatre to see Red Mill with interjected songs and jokes.
MENTIONED IN THIS ARTICLE
Texas
Wall Street
Stock Exchange
National Bank of North America
National City Bank
Knickerbocker Theatre
Charles Dillingham
New York Central Sees Option to Buy Ontario & Western
New Haven reports an option exists for the New York Central to purchase Ontario & Western at $4 a share plus interest, expiring June 1. Taking up the option would require about $13 to $14 million and a further premium, but railroad circles doubt the option will be exercised.
MENTIONED IN THIS ARTICLE
New Haven
Boston & Maine
New York, New Haven & Hartford
New York Central
Ontario & Western
Stong
Minority stockholders seek fair terms in merger talks
Tompkins C Delavan of Cummings & Co says there is no plan to block the Central New England Poughkeepsie Bridge lines merger with the New York New Haven Hartford. He wants clear terms for holdings and will examine books after waiting for information from Mellet.
MENTIONED IN THIS ARTICLE
Tompkins C. Delavan
Cummings & Co
No. 2 Broadstreet
Central New England-Poughkeepsie
New York, New Haven & Hartford
Central New England
Mr. Delavan
Reading Railway Directors Adjourn Without Dividend Action
Philadelphia June 19 The Read ing Railway directors met and adjourned without acting on a dividend for common stock. Barely a quorum existed with H C Frick and H McK Twombly absent. No regular July or August meeting. any dividend decision must occur at a special meeting. Last year a May dividend was declared. The secretary said the board’s action was reelecting officers led by president George F Baer.
MENTIONED IN THIS ARTICLE
Philadelphia
Reading Railway
H. C. Frick
H. McK. Twombly
George F. Baer
Stout Elected Vice President at Manhattan Trust Co
Charles H. Stout, vice president of Liberty National Bank, was elected vice president of Manhattan Trust Company yesterday while remaining a director and executive committee member at Liberty National. He previously served as cashier and vice president at the former National Bank of the Republic and later became an active vice president at First National Bank after consolidation.
MENTIONED IN THIS ARTICLE
C. H. Stout
Manhattan Trust CO
Charles H. Stout
Liberty National Bank
Manhattan Trust Company
National Bank of the Republic
First National Bank
Stout
Receivers for Millbourne Mills Named by Judge Holland
Philadelphia June 19 Judge Holland appoints A Merritt Taylor BE T Shawbacker and E M Malpass receivers for Millbourne Mills Company Liabilities estimated at about 750000 Executors of the Sellers estate allege mismanagement by President Richard S Dewees including misrepresentation of on hand materials and improper contracts to manufacture over 44700 barrels of flour at 75 cents a barrel under cost to the company
MENTIONED IN THIS ARTICLE
Philadelphia
Holland
United States District Court
Millbourne Mills Company
A. Merritt Taylor
T. Shawbacker
E. M. Malpass
Richard 8. Dewees
Milwaukee grocer Ira B. Smith arrested in bankruptcy case
Ira B. Smith of the Smith, Thorndike & Brown wholesale grocery firm, recently bankrupted, was arrested on a warrant by Oliver C. Mason. He is charged with obtaining money under false representations of his firm's finances and was bailed for 4000 dollars. The company’s assets show Smith owes about 100000 dollars to the firm.
MENTIONED IN THIS ARTICLE
Milwaukee
Ira B. Smith
Smith, Thorndike & Brown
Oliver C. Mason
Smith
State to raise bank deposits interest to 2 1/4 percent
Albany reports 20 banks informed of a July 1 rate increase from 2 to 2 1/4 percent for state deposits. Over two hundred replies indicate the proposal is satisfactory. Some banks sought higher rates on deposited state funds.
MENTIONED IN THIS ARTICLE
Asantow Pi
Albany
Wheat and corn rally on poor yields and pests in Midwest
Chicago reports a strong wheat market with September futures up and buyers gobbling offerings as reports of small yields in Oklahoma Kansas and damp conditions in the Northwest drive prices higher. Corn and oats also gain amid light offerings and pest damage in Illinois Indiana and surrounding regions. Provisions ease slightly as hog and lard markets fluctuate.
MENTIONED IN THIS ARTICLE
Chicago
Southwest
Oklahoma
Kansas
Minneapolis
Duluth
Ilinois
Illinois
Indiana
Dividend Declared on Preferred Stock at Maryland Cot
At a June 5 board meeting the Maryland Cot declared a semi annual dividend of 2.5 percent and an extra 1.5 percent on preferred stock payable June 1907 to holders of record June 15. Transfer books close June 15 and reopen July 1. Checks issued. Also notes tomorrow’s receipts include wheat corn oats and hogs.
MENTIONED IN THIS ARTICLE
Bank For Savings
City OF
New York
Fourth Avenue
Walter Trimble
Chari A. Sherman
James Knowles
Waterbury Company
Waterbury Co
New Jersey
Frank Morgan
West Virginia
Westinghouse Electric and Manufacturing Company
T. W. Siemon
Hocking Valley Railway CO
Columbus
Ohio
Messrs. J. P. Morgan & Company
New York City
WM. N. Cott
York Air Brake Company
Broadway
John & Thompson
Every Where Publishing Company
Will Carleton
Virginia-Carolina Chemical Company
Richmond
Virginia
S W. Travers
Franklin Trust Carer
Board of Trustees
Clinton W. Ludlum
American Telephone and Telegraph Company
WM. R. Driver
Bank OF America
Ate
Tomales
W. M. Bennet
National Biscuit Company
F. E. Bugbee
Minneapolis & St. Louis Railroad Co
F. H. Davis
Maryland
Tae
Board of
H. BR Nedham
Des Moines & Fort Railroad
P. H. Davis
National Bank of North America
Edward B. Wire
Westminster Bank Official Shoots Self Amid Health Struggle
Westminster Maryland June 19 Thomas EF secretary treasurer of the Westminster Saving Bank ended his life by shooting. Reported health trouble attributed as the cause the deceased was forty one years old and had suffered from neurasthenia.
MENTIONED IN THIS ARTICLE
Westminster, Md
Thomas EF
The
Westminster Saving Bank
Reese
Also Mentioned on This Page
Y.y.c
Clinton Gilbert
Ita
Avrica America
Sno
Lincoln O
Columbia
America
Phenix
Ath St
Galleanaes Ao
Ofine
Riverside
Seaboard
Germania
State
Greenwich
Twelfth Ward
Imp & Trad
Union Exch . Interhorsugh
07 & Exchange
Rving Nat
Ward Heights
Uherry
Yorkville
Rochester
Been
Soe
Sre
Louisville & Nashville
Secie
Aee
Missouri Pacific
Central Branch
Louis Southwestern
Toledo
Louis & Western
Alabama Great Southern
Cincinnati
New Orleans
Texas Pacific
Aurora
Elgin
THO Inc
Judge Landis
Uncle Sam CO
Havana
J. Henry Schroder & Co
Speyer & CO
the Crust CompAny of America
Colonial Branch
Wall ST
the Manhattan
Joseph Bird
Frank G. Stiles
Constant M. Bird
Fr. W. Duryea
L. F. Leree
Horta River Savings Bank
W. Sith St. Bet
Sth
6Th Aves
Samuel D. Styles
Frederick N. Cheshire
Charles F. Turton
Bowery, Col
St. New York
Andrew Mills
Charles Miehling
WM. FP. Patterson
Stock Exchange Dull
Lone Star
Messrs. Frick and
Twombly
Millbourne Mills
Chicago Grain and Provisions
Bowling Green Trust Co
Edwin Gouli
William H. Taylor
Chas. P. Armstrong
John A. Hilton
3D V.pres. & Treas
William M. Laws
Dirk
Charles P. Arms
Frank Brainard
Harry Bronner
Franklin Q. Brov
Robert C. Clowry
Edmund C. Conver
Nelson Cronw Grenville M. Dodge A. Goepel
Edwin Gould
Frank J. Gould
George J. Gould
Southern Pacific Company
A. K. van Dey
Norfolk & Western Railway ,Co
Arcade
E. H. Alden
Adams Express Company
New_York
Basil W. Rowe
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