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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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