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This newspaper page contains 13 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 23, 1908

Page

3

Rock Island securities keep sliding amid rumors of receivership

Wall Street monitors ongoing weakness in Rock Island system stocks with rumors of receivership and a new bond issue, while earnings and dividends draw scrutiny. Reports tie declines to a leading investor selling for market influence. Frisco and St. Louis & San Francisco issues loom ahead. Ex-Judge Moore and brother travel in New Hampshire and Wisconsin as D G Reid reports limited time at the office since returning from Europe.

Jeland Company Xen Rock Island Rock Island Company Chi Rock Island & Pacific Railway Chicago, Rock Island & Railroad Frisco Rock Island Securities Wall Street Rock Island Group Europe St. Louis San Francisco To Chicaze Rock Island & Pac*iec Comwith

Receiver Appointed for Consolidated Railway Group

Renéolph C. Barrett of Newark appointed temporary receiver of the Consolidated Railway Lighting and Refrigerating Company by Vice-Chancellor Howell in Newark. The filing alleges the firm, formed March 27 19, operated mainly as a stock and securities vehicle, with assets and liabilities detailed including substantial intercompany transfers and overvaluation claims. Show-cause set for June 29 to determine permanency of receivership.

Renéolph C. Barrett Newark N. J Consolidated Railway, Lighting and Chanedict Howell Frederick J. Faulke G. Louis Boissessin Newcastle N. Y Cheries Isaac le Ric August G. Semuth J. L. Watson Nothesen Street Union ownine m@ Keléitte Electri Lighting and Equipment Manhattan Trust Company Bossevain and Thorne Howell

State Controller launches stock transfer tax probe

June 22 Albery reports State Controller Martinez Gunn has begun an investigation to force corporations to comply with the stock transfer tax law enacted June 1 1905. inspectors may be added to enforce collection as failures to pay taxes on transfers of shares have deprived the state of revenue.

Albery Martinez Gunn Ation Mapece 2 Bookseres

Westinghouse stock rises as subscription window ends

The last day for subscriptions to the 10,000,000 stock issue under the merchandise creditors' plan drew an unsubscribed portion of a small percent. Westinghouse officials remained hopeful, stock rose to 54 or 4 points, and committees will meet to decide on possible time extension. Reports of a German Bergmann license and expansion plans were confirmed enhancing cross country benefits for Westinghouse entities.

Westinghouse Electric and Manufacturing Company Westinghouse Wall Street Pittsburg Henry Phipps Berlin Germany Bergmann Electric Company Bergmann Company Westinghouse Company

Auction to sell DT&I notes tied to Ann Arbor stock

Auction at the Exchange Salesroom will offer about 800000 in 4 percent collateral trust notes of the Detroit, Toledo & Ironton Railway Company. The notes secure promissory obligations to United States Mortgage and Trust Company, with H B Hollins & Co holding a large stake. The sale aims to allow Hollins to obtain title by bidding, as part of a strategy to keep the Ann Arbor property merged and controlled by DT&I interests through a complicated collateral plan.

Vesey Street Detroit, Toledo & Ironton Railway Company Rudolph Kiegboltze & Co United States Mortgage and Trust Company H. B. Hollins & Co Detroit, Toledo & Ironton Company Hollins & Co Ann Arbor Detroit, Toledo & Ironton Detroit, Toledo & Yronten

Smelters Not Cutting Force In Sharp Company Shakeup

Boston dispatch says a reported purge of seventy New York office employees at American Smelting and Refining Co is inaccurate. Company rep notes no major staff changes and that mentioned names Hammond Beatty and Mudd were Guggenheim engineers not ASRC employees. Hammond’s alleged salary from Guggenheims cited. claimed savings from economies around $1.09 million annually.

Boston American Smelting and Refining Company New York Guggenheim John Hays Hammond A. Chester Beatty S W. Mudd Hammond Guggenheims

Open Education Building Bids in Albany

State Trustees of Public Buildings opened nine bids for the proposed state education building near the Capitol at about 300000 dollars. On Wadsworth’s motion bids were referred to State Architect Ware for tabulation. Unofficial figures indicate the R T Ford Company of Rochester as the lowest bidder.

Albany State Trustees of Public Buildings Hughes Chanler Wadsworth Assembly Capitol Ware R. T. Ford Company Rochester

Regular Auction Sale of Stocks and Bonds Aboard NYC Exchange

Andrew J. McCormack as auctioneer conducts a regular sale of stocks and bonds on Wednesday June 24 1908 at 12 30 PM in the Exchange Salesroom Vesey Street New York for account of whom it may concern. Bid deposits of 15000 cash or certified funds required plus ten percent down at sale and balance next day. Various collateral notes and a long list of securities are offered as described by the executors. Further particulars at sale time.

William T Exchange Vesey Street City of New York William Street New York Clearing House Rudolph Kleybolte & Company United States Mortgage & Trust Company Detroit, Toledo & Ironton Railway Company Rudolph Kieybolte & Company Trust Company Consolidated Indiana Coal Co Sloss ‘Iron & Steel Co United States Steel Graff, Washbourne & Inn Co Journeau & Burnham Co American Smelting Co U. S. Smelting Co P. c U. S. Reduction & Refining Co P. c .Ads Northern Union Gas Co P. cc Public Service Corp New Jersey Herring Hall Marvin Safe Co National Lead Co Broadway 7Th Ave R. R. Co H. C A. I. Piercy Contracting Co Great Western Turnpike Road Empire Keystone Improvement Co M. Zimmerman Co West Eee Midland R. R. Co C. S Union Ferry Co Brooklyn City New York & Hoboken Ferry Co Southern R. R Corn Exchange Bank Commercial Trust Co N. Y Carnegie Trust Co Astor Trust Co J. G. White & Co., Inc Sackett & Wilhelm Lithographing & Printing Co Common Backett Oil Fields of Mexico P. c. Const Standard Motor Construction Co Carbon Steel Co Nat'l Bank of Commerces Columbia Trust Co American Express Co San Gregorio Mining & Railway Co Lincoln National Bank Missouri. & Tex R. R Great Northern Texas & Pacific Coa! Co State of New York County of New York William H. Taylor John A. Hilton Bowling Green Trust Company City of Treas County of New York Brayton IV Bertram Cruger Metropolitan Trust Company Ci of New York Wall Street C of New York Superintendent of Banks Edward ©. Stanley Arthur Terry Title Guarantee and Trust Co Clarence H- Kelsey William B. Ewing Edward 0. Stanley A. Terry Charles H. Keep Harris A. Dunn Knickerbocker Trust Company Fifth Avenue State of John W. Castles W. C. Edwards The Guaranty Trust Co. of Nassau Street New YO James M. C Brooks Harry A. Munsell Willard Brooks Harrison Brooks Margaret Spear Benson Sarah E. Osborne Ida Spear O'Neill Nannette Spear Smock Eugene Munsell Harriet A. Munsell New Yorks C. Thomas Daniel J. Dowdney Surrogate’s Court Millicent Smith Floyd L. Smith Sal Millicent Smith Kim Loyal L. Smith Hall of Records Abner C. Thomas

Statement of Non-Member Banks June 20 Changes

Financial figures show loans and discounts at 86.364 million with 101.4 thousand changes, circulation 1.781 million, net deposits 193.994 million with 1.281 million increase. Deposits with some banks and trust companies 4.178 million up 49.9 thousand. Legal tender and bank notes 7.177 million up 101 thousand. Total assets 833.1833 million with 115.3 thousand increase. Reserve required and surplus listed with various small increases.

Inc Aay Ao Clearing “House MGC Bankere - Specia Oriental Bank

Railroad earnings 1908 and 1907 second week in June data

A compact table of railroads reports earnings and mileage for the second week in June and the period July 1 to June 14 or June 15, listing gross earnings, expenses, and net figures for companies including Chicago Great Western, Detroit Toledo & Ironton, Detroit United, Georgia Southern & Florida, Twin City Rapid Transit, Kansas City Southern, Texas Central, Colorado & Southern, and others. Figures cover multiple lines and periods with many monetary values and mileages.

Chicago Great Western Detroit Toledo & Ironton Detroit United Georgia Southern & Florida Twin City Kansas City Southern Texas Central Taos Eeeserere Seeee Inc Jeves Canmoces Colorado & Southern Railway System

Wheat and grain prices fluctuate on Chicago market

Chicago wheat edges mixed as July holds steady while September gains amid bullish world markets and favorable harvest weather. Corn and oats drift. provisions rise on strong hog demand. Local receipts show varied activity with several car counts reported for wheat, corn, oats, and hogs.

Chicago Everal Commission Liverpool Kansas Bec I.c Minneapolis Duluth

European Produce Market Report from Liverpool

Liverpool June 22 closing contents show wheat with spot and futures quotes, corn and peas steady or firm, flour soft, hops and beef and pork prices steady in London markets. Bacon and lard varied by cut with multiple weights and regions. tallow, turpentine, rosin, petroleum, linseed oil firm or strong as listed.

Liverpool California London Pacific Coast

Market Receipts and Prices for Cattle Hogs and Sheep

Market notes show cattle receipts about 20 000 head and hogs around 86 000 head with mixed price movements across regions. Cincinnati and East Buffalo reports list varied ranges for steers bulls cows sheep lambs and veals with steady to higher for hogs and mixed for cattle and sheep.

Chinen Cincinnati East Beffalo Union Stock Yards Pittsburg

Also Mentioned on This Page

Sock Island Consolidated Railway, Lighting and Refrigerating Co Glynn Ali Open Education Philadelphia Charlies D. Bai & Co Broad Street South 4Th Street Am Cement Marsden Lehigh Val RR Ah Am Ry Co Phila Co Cambria Steel Hiec St Bat Co Penn Steel Co. Ee Elec Co Ami Fairmount Phila Elec Co Phila Rap Tr Ins Co He Union Traction Lake Sup Corp Sng Welsbach Co Gas Imp Co Lehigh Phila Elec Jenes Julia Kentucky Goa Heat & Belcher Ophir Caseve Overman Or Caiedontea Potosia Savage Choller Bhisae Belch SO Sierra New Andrew J. McCormack Adrian H. Muller & Son New York City Brooklyn Jersey City Hoboken Staten Island New York Clearing House Association Chicago Grain and Provisions North River Savings Bank 34Th St. Bet Sth & 6Th Aves Samuel D. Styles Frederick N. Cheshire Charles F. Turton Chambers St Board of Trustees Thomas M. Mulry John J. Pulleyn Enemree Sare Tock and Bond Nvestmen Associated Trust Companies Metropolitas Toast Company Ressources Csecs Cooees Reece Pge Men Co Brayton Ives A. E. Vogler Kings County New York County Resources Paul H. Hudson Guaranty Trust Co Prome James D. Hurd Manhattan Savings Institution Joseph Bird Frank G. Stiles Constant M. Bird NEW York Savings Bank N. W. Cor 14Th St 8Th Avenue William Fellinger James L. Wandling Archibald M. Pentz Greenwich Savings Bank 16Th St James Quinlan Charles M. Dutcher Treas R. J O Broadway Tade Dick S. Ramsay Chas. A. Whitney Union Dime Savings Institution Sixth Avenue Greel & Square Charles E. Sprague Francis Mw.leake William G. Ross Telegraph Yellowstone of Security Ing Raymond & Whit Alaska Rockies New York, New England Canada Raymond & Whitcomb Co Fifth Ave Bet Peer Tlantic City Montreal White Mountains Lakes Nova Oia Saguenay River Au Lakes Hendrickson Fulton St Starin’s LONG _ ISLAND SOUND Hudson River Richmond Sundey Schools & Specialty Cortlandt ST Cortlandt West Point Newburgh Poughkeepsie Palace Iron Bsulton Red Bank Anklin St N. R Highlands Long Branch Asbury Park Connecticut Cakeville Taconic School Beautiful Lake Berkshire Hille Lilian Dixon Wellesley Mawr Bertha Bailey Frances Gilman Lake St. White Plains Berlitz School OF Languages Madison Square Barlem Lenox Ave Court St Starkey Seminary Seneca Lake Watkins M. Summerbelis Presa Lakemont RYE Seminary Mrs J. Life Misses Stowe Rye New American and Foreign Teachers Agency Mra M J Young-Fulton Union Square D.C Washington District of Columbia Bulle Henry F. Macparland Henry L Jay J. Morrow D. C Tribune Sd Ave Gletse Ist Ave 89Th St 125Th St Tremont Ave
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