Interborough Transit Suit Targeted by Belmont Circular
Circular circulated by August Belmont Jr attacks Interborough Transit Company management and criticizes Clarence Verner of Verner & Januers over stock dealings and lawsuits. Belmont alleges Verner repeats libelous claims about bondholders and investors, while Verner claims Belmont mismanages litigation and seeks to hinder corporate plans.
MENTIONED IN THIS ARTICLE
Shonts
Rose and Transit
MS Name
Pris
Ah Verner
C. Hl
Verner & Januers
William Street
Kvaar
Seite
Ipd Transit
We Massa
Clarence ‘Hacer
Venner
August Helmont
Interborough
Continental Company
Interborough and Transit Company
Exchange of Securities
Interborough Aeropoltan
Belmont
Venje
Receivers Appointed for Birsey Seelth Car Co in Common Pleas
In Common Pleas Court receivers were appointed for Birsey and Seelth Car Company after a petition alleged inability to meet debts from flood damage. Charles Aberigan named receiver. EM Botabrook, company president, testified assets valued at 7.9 million against 11 thousand claimed in contract disputes. Assets include 70 WA office buildings, 41 acres, and machinery. Cincinnati, Jamneeburg & Aurora Electric Mall Co. placed in the receivership to secure a 760 thousand mortgage with Union Savings Bank. property valued around 1.25 million.
MENTIONED IN THIS ARTICLE
Fipisk
Rune So
Se Birsey & Seelth Car Company
Lintel
Common Pleas
Tee
Sepuintis
Memo
Charles Aberigan
EM Botabrook
Car Amay
Gocessor
N Habel
RMLNE
Far WA
Sitty-At- Acres
Cincinnati, Jamneeburg & Aurora Electric
Union Saviage Bank and
Sw Company
Payment ordered in fraud case over damages in Utah
In Park City Utah the district court awarded damages totaling over a million dollars in a fraud suit against Silver King Consolidated and its unit Silver King Company. The case stems from an alleged defrauding of a plaintiff by improper dealings on mining property. The decision allows a retrial by the United States Court to review the matter. Senator Thomas Kearns is named as owner of the defendant company.
MENTIONED IN THIS ARTICLE
Lis
Mblake City
SAAS
Silver Kiney
Silver King Con Company
Biates District Court
United States
Tremer
Thomas Kearns
Com- FE
Park City
Utah
Avons
Ste
New Haven Directors Form Subcommittee Appointment
Mir0ad Conperrees named to a sub committee of New Haven directors to confer with a separate committee. Georga von Ta ashairman and F W Matteson lead a list including I. W. Whitney J. Stone and J W Barton Rye. They claim to hold about 200 shares of common stock in the road.
MENTIONED IN THIS ARTICLE
New Haven
Gat Tune T
Terk, Newtigven & Hartford Rail- Deen
Abe Hop
Georga von Ta Ashairman
F. W. Matteson
I. W. Whitney
Gon- Eye
Charles A. Stone
J. W
Barton Rye
Public Utility Notes Offer 2.9 Million Five Seat Convertible
Public offering of 2.9 million dollars in seven per cent five seat convertible notes by Cities Service Company via Doherty & Co bankers at par and interest from May 15 191?. Redeemable at NG with interest on thirty days notice. Notes convertible at any time into 6 per cent preferred stock of Cities Service. Company expanding through acquisitions including Denver Gas and Electric Missouri Empire District and more. Despite high equity backing, earnings outlook cited with monthly dividends on preferred stock and rising common stock rates.
MENTIONED IN THIS ARTICLE
Talles Service Company
Doherty & Co
Cities Service Company
Citron Service Company
Denver Gas and Electric Company
Empire Wiathet Electric Company
Missouri
Brush Electric Company
Galveston,Tex
Danbury & Bethel (Conn) Gas and Iletric Company
Empire District Gas Company
Kanes
St. Joseph (Mo
New York curb markets show varied gains amid mixed trading
Market activity opens with a firm tone in some sectors as British American Tobacco and Standard Oil equities edge higher. Copper shares trade narrowly while Nevada’s Tonopah group faces limited demand. Major items include a Halifax job sale and a Denver water dispute over plant sale versus city-built system.
MENTIONED IN THIS ARTICLE
Industria
Tobnero
New Jersey
Acuvily
Nevada
Tonopah Nort Star
Ups
Se Tonop
Salen
Jim Butler
Alte
Eula
Toye
MacNamara Dld
Tol
Halifax
Bite Balen
Weat
Treasury Finances at Wartington June 5
United States Treasury report shows working balance in banks and Mississippi funds totaling $100,011,058 with Saturday receipts and disbursements at $2,811,004. The annual surplus stands at $4716.05, and the total receipts are $14,400,245. Excludes income from Yenama Canal and public debt transactions.
MENTIONED IN THIS ARTICLE
Wartington
United States
Yenama
Albany appoints commission to revise state banking laws
Superintendent Van Tuyl named a commission to revise New York banking laws under a law authorizing 47000 for expenses. The panel includes presidents of major banks and representatives from New York City, Utica, Brooklyn, Buffalo and Troy, with George W. Morgan and John De Witt Warner as counsel and George J. Line ner to assist in a legal capacity.
MENTIONED IN THIS ARTICLE
Albany
van Tuyl
State Banking Department
Logi Jathre
John Claffin
New York Chamber of Commerce
Charles A. Miller
Savings Bank of Utica
Henry Morgenthau
New York
Columbia Hark of
Hillette McDougal
Buffalo
Bank of Buffalo Ad
New York State Bankers’ Association
KP. Maynard
Brooklyn
The
State Savings Bank Association
Brooklyn Trust Company
Herbert H. Lehman
Narses Ithoades
Greenwich Sarlinge Bank of
Frank HM. Pateterson
van Tuyt
Joseph F. Dohingen
New York University
George C. Boldt
New York City
Leopold Stern
George J. Linener
Fieet
Hanks
Brief Notes on Finance and Rail Rates Shaping U S Policy
The article critiques federal currency framing and criticizes unbusinesslike government conduct, arguing for practical banking expertise on the Federal Reserve Board. It discusses Interstate Commerce Commission rate cases, rail carrier concerns, and potential revenue strategies, with remarks by Daniel Willard on hearings and decisions. It also covers Berger Grand Junction railroad funding, equipment costs, and optimistic fiscal outlook, plus world market confidence tied to Balkan peace efforts and European investment moods.
MENTIONED IN THIS ARTICLE
Wines Life
United States
Federal Reserve Board
Congress
Interstate Commerce Commission
Daniel Willard
Baltimore & Obie Fallroad
Stocks In Other Cities Rise Amid Broad Gains
Chicago market notes show gains in Railways and diversified issues with Union Carbide and Sears Roebuck advancing modestly. Diamond Match Quaker Oats and American Shipbuilding posted steady prices while Public Service and Kalteen shares showed small climbs amid overall strength.
MENTIONED IN THIS ARTICLE
Chicago
Pane Ond
Union Carbide
Sears-Roebuck
Commonwealth
Kallfon
Chicago Elevated Railways
American Can
United State Steel
Public Service
Willian W. Cohen
Broadway
Edian Match
People's Gan
Creditors Seek Assembly Of Assets In New York Case
A sprawling United States bankruptcy filing lists numerous creditors and a plan to distribute available assets. Judges Mayer and Hand oversee proceedings involving Daimler Motor Gesellschaft and various suppliers, with receivers appointed to marshal the estate.
MENTIONED IN THIS ARTICLE
Micmemares
Menenaee
Maciotvey Inn
Creditore
Are & Co
Joseph Meyersyst
Judee
Harry Sam & Beothers
Inliinery Sar Sa
Tod Nesnenay
Tate Import Company
Daimler Impact Coupans
Automobiien
No. Se
Creatine
Fini
Daimler Motor Gereilehaft
Ton Arthur C. Blagdon
Lawrence Mraine
Harold A. Content
Jude Hand
Patio conteneUrs
Bislans
Starpord
I Maver
Vastat States
George A
State Hard & A
Cotton Gouda Commnasion
Word Street
Aenrge Walcot
Jamra G. Gra
Elaine
Bond bids and bond issues across multiple counties
County and city officials announce bids and bond awards including Bowling Green Wood County Ohio proposals due July 7 for 2006 bonds at 5 percent. New Rochelle and Silk Day Co. in Boston reported bond awards. bids due June 15 for various regional highway bonds. Foret National Bank awarded a coupon flood emerge bond in Springfield Clark County.
MENTIONED IN THIS ARTICLE
Steinbaugh
Bowling Green
Wood County
Ohio
Silk Day & Co
Boston
Trtsfield
Berkshire County
Mass
J. H. Nash
Board of Supervisors
Ied
Wood City
San Mateo County
Cal
Purc
Foret National Bank
Lumbus
Ohie
Springfield
Clark County
Curb Echoes From Nevada Copper May Output And Hesperus Ore Findings
The Nevada Copper Company reports May production of 6,001,275 pounds. Davis party cuts the Hesperus ore body 126 feet from the old crosscut on the 1,400 foot level, ore 14 feet wide, assaying 4 percent copper, now developed 35 feet in length. Copper exports from Chill in 1912 total 23,070 Spanish quintals, vs 3,687 quintals earlier. Mass Consolidated Mining resumes operations with about 100 men, 75 underground, after a strike halted work for two months. the firm did not recognize the union or meet striker demands.
MENTIONED IN THIS ARTICLE
C . Ro Hiroe
Steve Industrials
Krean
Etvust
Arwen
Ata Nation
Einna Pom
Westen Pact Mining
Hrade Sa
Columbia
Veneta
Sronopan Mirior
West
Nevada
Welrtron Ne Hiound Sereet
New York
Jun Wi
Ronopans Saturda
Ronopans Saturda . Tooday'e Lowe
Flelmont
Halita
Fennion Cove
Lextension Csc
Tu md Montana
Tonopan
Atlanta
Poe & Sane
Steny
Fairview
Sane
Pitta
Silver Peak
Banis
Manhattan
Bec
Dexter
Davis Pary
Mass Consolidated Mining Company
Frisco Bonds Netted 78 in Paris Sale
Official word confirms that 3 001 00 general lien bonds of the St Louis and San Francisco Railway, sold in Paris before receivership, netted 78. Speyer and Co charged 1 1 2 percent in reselling to French bankers at 78 and they offered at 88 with a 9 point apparent profit. High taxes and listing fees in France reduced real gains. Banking commissions in France run higher than U S rates, leaving little actual profit. Bond interest due November remains, aided by separate receivers for the Frisco and Chicago and Eastern ties. Favorable crop prospects noted for the region.
MENTIONED IN THIS ARTICLE
Wall Street
St. Louis & San Francisco
Paris
Speyer & Co
Chicago
Wall Street Dividends and Finance Notes Summary
Dividend declarations from many firms include Kmeck Lining, American Bank, Casey, Chase National, Columbia Bank, Covington Teche and Traction, Vitex Avenue Bank, Governor Tire and Robber, Gorham Manufacturing, Peerless Motor Car, Luterin Brothers, Manning Maxwell Moore, Mexican Telegraph, Bell Telephone, Carkan Company, National Gas Electric Power, National Park Bank, Ineland Power, Southwest of Molds, Torniskaming Hudson Bay Mining, and United States Industrial Alcohol. Extensions, budget figures, bond redemptions, and bank notes also reported.
MENTIONED IN THIS ARTICLE
Kmeck Lining Company
American Banka Fory Company
Crcord
Jus Casey Company
Recor Chase National Bank
Columbia Bank
Covington Teche and Traction Company
Viteh Avenue Bank
Goouvenr ‘Tire and Robber Company
Gorharm Manufacturing Company
Stork
Peerioas Motor Car Company
Tuterin Frothers
Manning, Maxwell & Moore
National Park Bank
Hine
Ineland Power Company
Seman Tual
Preferrad
Payal Yulete Athek
Rema
Molds
Payabia
Torniskaming & Hudson Bay Mining Company
Terea Haute
Indiana
Eastern Traction Company
Tune RO
Lee Riu Ta
Sammon
United States Industrial Alcohol Company
Interstate Commerce Commission keeps old freight rates in Virginia to New Jersey traffic
Proposed advances of freight rates from Virginia producing points to Pennsylvania and New Jersey, up to 45 cents a ton, were deemed unreasonable by the Interstate Commerce Commission. The Philadelphia rate, raised by 9 cents a ton in the plan, was frozen back to the old schedule.
MENTIONED IN THIS ARTICLE
Rules Commission
Washington
Virginia
Pennsylvania
New Jersey
Interstate Commerce Commission
Philadelphia
Fifth Avenue Bank Declares Record Extra Dividend
The Fifth Avenue Bank directors declared an extra 10 percent dividend in addition to the 2 percent quarterly disbursement on $160,000 capital. The bank, organized in 194, has paid extra dividends in past years, with this quarter marking the largest on record. Stock quoted around $4,500 per share.
MENTIONED IN THIS ARTICLE
Fifth Avenue Bank
Money and Exchange Rates in Open Market and Domestic Quotes
Open market notes show rates at 2 percent opening and 2 percent for losses, with time money easier and various term rates including 3 percent for sixty days and 6 percent for two months. Foreign exchange closes with sterling at 4.8680 and others. domestic exchanges list gains, premiums, and bank discounts across major cities. Sub-Treasury shows creditor status at clearing house of 31,720,188, with bank clearings reported for New York, Benton, Philadelphia, Pittsburgh, Baltimore, and Chicago indicating system-wide liquidity.
MENTIONED IN THIS ARTICLE
Syiolsher
Ly Lens
Boston
Savannah
Charleston
Chicago
New Orleans
London
Treasury
United States
Sub-Treasury
New York
Benton
Philadelphia
Pitinbureh
Baltimore
Also Mentioned on This Page
C.H. Verner
Iger Borough
AOODS
Ohio Car Works
M. N
Gertrude Nias
Wyner
Metuchen
F. Arnold
Bank of Flalanelds Ownte Mig
Frank Cook
Alaska
Benator
Victoria
Te.ny
Public Utility Notes
CURB
Federal Light and Traction Company
BMG
Sidi
SHAW
Hamilton Gas and Electric Light Co. L
Hamilton Gas and Electric Light Company
Harmisten Gas
Kieetrie Light Company
Seno
HO Exact
Denver Union Water Company
Denver Unio Water Company
Water Commission of
Denver
Supreme Court
Commission
Willard
Grand Junction
Minturn
Malta
Salida
Jaan
Lennon
Great Biritain
Turkey
Cear
Russia
Bulgaria
Servia
Balkans
Toronto
Seeihavlon Head & Co
Wid
Anke
Hit Ask
Hoston Land
Sy East
Kedigen
Eiger Aw & T
I iPalswitt & Co
Uip
Peat
United Prattas
Maine
NMA
IIL
Arts Cote
Abe
Avis
United Staten
Bohemia
Raven Mining
Serbia
Lathee
Rent Vetan Mn
Sethas
D. Harney
Yorks
Tonojah Mtn
Jake Superior
Amy Metah Tree Us
Mig
York
Pittsburgh
Bate
Dummiin Gan Tile
Tonepah
Weathae
Ito Wael
Weathan
Central
Iata
Don
Dirk
Willams, McConpell & Coleme No. Wall Erect
A&p
Sandard
Standard Oil
Ot & Co. Na
Aalt
Southern
Anglo Am
Benn
Atlantis
Io orwe-Kery
Isis Wyonn
Chyenetiro
Fen
Ind
Calental
Kano
NY Transit
Zal Swan
Rchern
Union
Stein
David
Abraham Atein
Biein
Atzeet
Fiesine la Ineaia
Proviatons
Isaacaeia
Cohen
Mayee
Matview X
Sun
Hewres
Epytheta
Marenal
Namie
Eanga
Burne
Katha
Olthere
Konan Merrie
Emma Henach
Joneph
J. Becker
Johor
Hatey Bchillee
J. Newesaat Proberaen
Coney Intend
Brookiza Teatiant
BOA
Seo
Merah A
Rogera Bron
Livres
Ganavek
Thomas
Adelphet
Sam
Hank
Cameron
Janie
Aeris. Valentine & Co
Petro—H Waretaeg
HV. Brower
Kinainan
M_Goine
Ja Sala
Stefano
Northern Ank
Lapa
Loula
W.W
Morris
Maroun
Mer K. Buchs
I Motier
Rudolph J
Fh Linde Paper Co
Hoenn
le Sae
Sceuar Tines Oman Saat
Joseph Danon
Kalenkarpmt
Karl J Pancha Christian
Rowenewele
McLaughlin
Imaiy
Mille Winderahein
JD. Meeklow
Toeeph
Sheridan SF. Hutton
Henry Mle
Te Walt
Hache
Cortlandt
D. Davis
Wine Growers, Inc
Fee PE Barnes
David Nudelmas
Michael Ronene
Coate
Jonegh TA. Keppler
Harry B Triedman
Herman
Fefferson Wank
Tomasina Tenemient
Abraham M
Stine
Louie- Aberhart & Son Co
Sellacon
Abraham
Wolf Naldick
Lous Weinstein
Lous Weinstein J. Greenhers, $742. ‘Thomas Hugh F.— Thomas T. Hopper Co
Eigerabere
Anthony
M. Jonsen
Keuren
Harold It Titans &O
Wolgemor
Emery
B. F. David
Yosser Ton Tan
Tia
Findlay
Dell AiGts
A. Olver
Tt. W. Presaprich & Co
New Nochelie
Westchester County
N.Y
Nevada Copper Company
Frisco
France
Tiems OF
Interborough Metropolitan Company
Denver & Rio Grande Railroad
E. J. Brown
Soun
Canadian Pacific
IMB
Toup
Bank of Montreal
Central Fuel Oil Company
Texas Company
Stock Exchange
Baltimore & Ohio
Bent Rosales
Money and Exchange
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