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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 20, 1911
Page
5
A bank liquidator signals possible dividends for depositors but remains doubtful about payout. The status reflects uncertain recovery forecasts and ongoing liquidation proceedings as creditors await clarity on distributions.
M Grout explains why stock held as security for loans by the Union Bank of Mor, amid doubts over dividends for depositors. L Dodge, deputy in charge, notes loans tied to real estate and stock collateral, detailing questioned securities and efforts to protect depositors as the bank restructures after past failures.
The article outlines a planned $12,000,000 fruit company merger involving the Cuba Fruit, Muha, and Hiren Fruit firms with Delaware subsidiaries and Jamaica interests. Donald Steman, president of a Maryland firm, is named to head the new venture while other executives from various states are slated as officers and directors.
Orders issued list Army officers reassigned and retired with dates, including Brigadier General Erasmus Omow and Captain Marigon J Price, plus naval officers and rating changes. Also notes movements of warships arriving at various ports and ships preparing for action or assignment, detailing destinations and statuses.
A composite of earnings figures shows Canadian Pacific, Canadian Northern, Chicago Indianapolis and Louisville, Grand Trunk, Missouri Kansas and Texas, Missouri Pacific, Southern, Toledo Peoria and Western, Twin City Line, and other railroads reporting weekly or June to June totals. Figures include per week wages, June to July period results, and year to date totals, with listed revenues, expenses, and surpluses for rail companies and electric utilities connected to the sector.
New York and London exchange notes show steady or quiet pricing across grains, cotton, and livestock with limited movement in futures. Reports of price weakness in some belts contrast with firm ranges for cereals, lard, and tobacco as traders weigh supply signals and trading delays.
Country produce markets show steady demand with mixed fruit and vegetable prices. Reports from New York note firmer grain and nut goods, steady cheese receipts, and general price stability across butter, eggs, and rosin with some prices quoted for prime items and notable stock carryovers.
New York June 1 101 grain wheat futures edged higher after an initial decline amid weak export demand with gains in corn and other grains supported by rainfall shortages in the corn belt and favorable overseas sentiment. Cash prices show broad activity across wheat corn and oats with domestic and foreign factors shaping the day’s tone as traders weigh weather and stockpiles.
The weekly livestock market and export totals show cattle and sheep values across multiple buyers and ports. Key entries include Philadelphia and Montreal export totals and Pennsylvania steers averaging around 1800 pounds with varied prices, plus calf and hog notes amid fluctuating market demand.
Telegraph summary of livestock receipts from Otmer market dated June 10, listing cattle hogs sheep and veal with prices and totals. Highlights include 3,870 hogs and various cattle readings with steady to lower bids and notes on Western market trends and trader activity.
Grain and provisions prices listed for wheat and corn with monthly and yearly month names, interspersed figures, and seed price data from Toledo June 10. Includes Cloverseed, Clothier December, Alatica, Aur Timotiy seed prices and several percent figures.
OCR text shows scattered market items including cheese, butter, oils, sugar, linseed, hogs, and stocks. Names like Tobin & Shannon, Lawrence & Co, and Van Schalck & Co appear with assorted prices and listings. The piece reads as an index of commodities, stocks, and broker notes with multiple entities and regions intermingled.
An about 35 percent daily rise over May indicates price cuts stimulated demand rather than demoralizing the market. Orders reach 30,000 tons daily versus 21,000 in May, with many note ties signaling further gains next month. Canadian Cat and Poundy Co. orders for 5,000 tons of structural steel, while mills scale back deliveries at reduced drives, suggest a return to former rates later. Iron bar prices fell 6 cents per hundred pounds, with current prices around 12 to 13 dollars per hundred, and steel bars priced at 25 in Pittsburgh and 41 in New York.
Secret customs agents under Chief Wilkie investigate multi million dollar frauds in cutlery imports. Landesberg case signals broader campaign targeting Solingen district German goods. Undervaluations and false consular invoices driven by a complex duty scheme threaten large firms, with federal grand jury action possible after gathering evidence.
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