Pacific reorganization trial details new stock and bonds
At a porther Pacific rate hearing in St Paul special master Charles E. es heard H A Gray confirm a reorganization plan. A syndicate issued 342 008 original stock for services and the process shifted assets including 18 238 20 stock and 24 841 046 bonds. The Northern Pacific default year 1877 report shows large balances in new preferred and common stock.
MENTIONED IN THIS ARTICLE
St Paul
Porther Pacific
Charles E. Es
H. A. Gray
T. D
Mr. Gray
Northern Pacific Company
Commor
Ane Alance
G7ar
Wes
Northern Pacific
Walker attachment case seeks vacation in Supreme Court
J Brandt Walker’s stock claims seek to vacate a previously issued attachment by Carpenter Baggot Co. The court denied the request citing nonresidency, while Walker’s sworn change of residence to Chicago is noted. To avoid deputy sheriff guards at his garage he provided bond surpassing the claim.
MENTIONED IN THIS ARTICLE
J. Brandt Walker
Justice Bischoff
Supreme Court
Stock Exchange
Carpenter, Baggot & Co
Walker
Ihs
Carpenter, Baggot
Chicago
Mr. Walker
Trains Prompt and Clean at Final Hearing
At the Public Service Commission hearing in the case Erie Railroad versus the Railroad Improvement Association of Nyack, Superintendant Elston testified punctuality improved after a schedule change a year ago with Jersey City arrivals meeting commutor expectations. He claimed four months earned a high punctuality rate. critics noted few trains and dirty cars. Ex-Senator Lexon warned property values near Nyack fell by about two thirds over twenty years due to service unreliability. a compromise was urged by Commissioner Decker.
MENTIONED IN THIS ARTICLE
Railroad Improvement Association of Nyack
Ere
Publiervice Commission
Elston
New York
The
Mai
Jersey City
Histon
Bergen Tunnel
William &. Taylor
Pomona
Cort
Erie
Lexon
South Nyack
Decker
Bankrupt firm links Charles Coster to joint accounts
Joseph I. Lawrence Jr testified in a bankruptcy examination that Charles Coster, who died by his own hand the day before the firm's failure, was a leading figure in Coster Knapp & Co. W B Coster, retiring in 1907, held joint accounts Nos 1 and 2 with Charles Coster. Account No 1 showed 1,012,554.12 dollars. No 2 showed 317,328.52 dollars, neither paid by W B Coster.
MENTIONED IN THIS ARTICLE
Joseph I. Lawrence, Jr
Coster, Knapp & Co
Alexander
Charles Coster
Lawrence
W. B. Coster
Charies Coster
W. B. Coser
Michael J. Welch
Marshall, Sader & Co
Frisco to Meet Interest on July 1 Despite Rumors
Rok Island system securities weakness sparked rumor that the Frisco might skip interest payments. F Yorekum, chairman of the executive committee, stated the Frisco will pay interest due July 1 with no doubt. Total annual interest on note issues approaches 1.5 million dollars with additional amounts tied to refunding mortgages.
MENTIONED IN THIS ARTICLE
St. Louis
San Francisco
Frisco
F. Yorekum
Smmites
Fricen
Te ccx
Business Troubles in United District Court Listings
Filing petitions for involuntary and voluntary bankruptcy emerged in the United District Court yesterday. It lists Eczen Brothers at 501 East Houston Street, Sac 6Petiton Mobilities assets and liabilities, Lawrence Filler at 52 Broad Street, Crozier & Potter representing The St Le Company, Allen Babcock with June timeline, and Se! Payments totalling 2 400. Also noting Dorsett butcher at 242 East 7th Street and Sulzberecrry 1 Beet Company 00 Stterie & Plante as receiver for Love Alerman business.
MENTIONED IN THIS ARTICLE
United District Court
Eczen Brothers
Houston Street
West
Crozier & Potter
St! le
Allen Babcock
Babcock
West 144Th
BH. B. Clatin Y
Age. Se
Oniar Dorsett
East
Sulzberecrry
Stterie & Plante
Love Alerman
Ieea
Lubrication contract dispute over L&N railroad oils
In a government hearing before Referee Ferris the New York Lubricating Oil Company and the Galena Signal Oil Company defended their bids to lubricate the Louisville & Nashville Railroad. Testimony showed Galena’s oil cut engine delays and reduced worn components, while New York Oil criticized in letters and tests.
MENTIONED IN THIS ARTICLE
Louisville & Nashville
New York Lubricating Oil Company
Galena Signal Oil Company
Ferris
Standard of Company
New York Company
Galena Company
Moritz Rosenthal Theodore H
Galena
New York
Frank B. Kellogg
Curtis
President Smith
Welch
Mr. Kellogg
Washington
Charles B. Morrison
Tonopah Resumes Dividends After Year-Long Pause
The Tonopah Mining Company of Nevada, meeting in Philadelphia, declared a quarterly dividend of 5 cents a share. The firm had suspended dividends a year earlier after paying 100 percent annually on $12 par stock.
MENTIONED IN THIS ARTICLE
Philadelphia
Tonopah Mining Company
Nevada
Blaugas Company of America Formed in New Jersey
The Blaugas Company of America is incorporated in New Jersey with a capital of 5 million dollars. The first meeting elected E. C. Benedict as president, Hugo Lieber as vice-president, Jacob A. Jacobs as treasurer, and William W. Gooch as secretary. Directors include Benedict, Hastings, Lieber, Maguire, Jacobs, Gooch, and Robertson. The firm plans to acquire Herman Blau’s gas liquefaction inventions from Augsburg, Germany, for operation.
MENTIONED IN THIS ARTICLE
Blaugas Company of America
New Jersey
E. C. Benedict
New York
Frank S. Hastings
Indianapolis Gas Company
Hugo Lieber
F. Z. Maguire
Jacob A. Jacobs
Montreal
Wiliam W. Gooch
Julius Robertson
E. C
Chemical Company Considers 15 Million Bond Issue
Rumors in the financial district say the Virginia Carolina Chemical Company may issue 15 million dollars in bonds. Part would retire 5 million dollars of existing 6 percent collateral trust bonds due October 1, 1912. Bonds callable at 105 and sinking fund redeemable annually at 1024 plus interest.
MENTIONED IN THIS ARTICLE
Virginia-Carolina Chemical Company
Foreign Bank Returns
London June 3 The weekly Bank of England report shows reserve up 535000, circulation up 200400, bullion up 504000, other securities up 44000, other deposits up 134000, public deposits up 2390000, government securities up 165000. Bank reserve to liabilities at 51.17 percent, rate of discount 2 percent. Paris June midway The Bank of France notes in circulation down 44000900 francs, treasury deposit up 50600000, general deposits up 14700000, gold on hand up 20350000, silver on hand up 1900000, bills discounted down 250 francs, advances up 175000 francs. Berlin June midway Imperial Bank: cash on hand up 47831000 marks, loans down 10001000, discounts down 19098 marks, treasury bills up 28275000, notes in circulation up 15973400, deposits up 19833000.
MENTIONED IN THIS ARTICLE
London
Bank of England
Paris
Bank of France
Treasury
Berlin
Imperial Bank of Germany
Arthur K Wood elected president of Franklin Trust Company
Arthur King Wood, formerly vice-president of the Van Norden Trust Company, has been elected president of the Franklin Trust Company of Brooklyn to succeed George H. Southard who resigned last May due to ill health. On May 7 a majority of Franklin Trust stock was acquired by Farmers' Loan and Trust Company of the city, and Edwin S. Marston, president of that institution, along with three directors Hugh D Auchincloss Moses T Pyne and Charles A Peabody, were elected trustees of the Brooklyn company.
MENTIONED IN THIS ARTICLE
Arthur King Wood
van Norden Trust Company
Franklin Trust Company
Brooklyn
George H. Southard
Farmers’ Loan and Trust Company
City
Edwins. Marston
Hugh D. Auchincloss
Moses T. Pyne
Charles A. Peabody
Notes of the Mines Show Copper Boom in June
Douglas Copper Company bills of lading for matte from Fundicion Mexico total 27906. In nine days. Projected yearly output over 31 million. Plan to add units and erect converting plant after July bid rounds. Cripple Creek yields reach historic highs. other camps in migration of activity. New ore body found at Traylor shaft 390 feet deep. Butte and New York Copper advances six month plan including shaft deepening and new machinery. Colonel Sellers shaft pending before production ramp.
MENTIONED IN THIS ARTICLE
Douglas Copper Company
Fundicion
Mexico
Douglas
New York
United States
Cripple Creek
Goldfield
Ely
Greenwater
Bullfrog
Arizona
Tri-Bullion Smelting and Development Company
Kelly
Traylor
Butte and New York Copper Company
Broad Street
Butte
Colonel Sellers
Butte Camp
Builders See Rising Demand for Building Trades in City
Representatives of the Building Trades Employers' Association and unions report growing need for skilled builders as speculative builders resume work after a six month pause. A district bricklayers official notes optimism tied to Democratic Convention nominations, while another foresees gains after Taft nomination. Interborough Rapid Transit offices report fewer applications from mechanics, with demand shifting to those in their own trades. Unemployed applicants mainly include tailors waiters and bakers, plus pecker workers unable to secure work in their trades.
MENTIONED IN THIS ARTICLE
General Arbitration Board
The
Building Trades Employers’ Association
New York
Taft
Interborough Rapid Transit Company
Freight Handlers Seek Citywide Strike Over Wage Scale
Chicago officials of the Freight Handlers Union threaten strikes after railroads serving Chicago refuse to sign a yearlong wage scale. Railroads offer month to month contracts and warn of wage cuts if business does not improve. Union contracts expired June 20 and mass meetings totaling about 6500 workers are planned, with a vote on striking. Similar conditions are reported in Milwaukee St Paul St Louis Kansas City and other cities. If Chicago walks out, other cities may follow.
MENTIONED IN THIS ARTICLE
Chicago
Milwaukee
St. Paul
St. Louis
Kansas City
Growth at Standard Oil East Linden Plant Promises City
About eighteen hundred men are now employed at the Eastern refinery and works of the Standard Oil Company at East Linden Union County Virginia. In about three weeks the workmen count will rise to over five thousand three hundred. The plant is planned as the companys main East plant with labs scientific departments and shipping offices being built in town. Officials expect a town of 15600 to 20000 around the works. A police force of thirteen men has been formed and a fire department with apparatus will be established.
MENTIONED IN THIS ARTICLE
Standard Oil Company
East Linden
Union County
Vy. J
Norfolk & Western Prepares for Coal Movement
Richmond June 25 The Norfolk & Western Railroad orders one thousand coal cars daily for the Bluefield mining district and stores all box cars in Norfolk yards. Mines at Stonega Widemouth Tearns s Creek Appalachia Imboden and other places advertise for labor as N and W readies to handle large coal shipments this fall promising work for thousands of unemployed men.
MENTIONED IN THIS ARTICLE
Tribune
Richmond
Norfolk & Western Railroad
Bluefield
Norfolk
Stonega
Widemouth
Tearns's Creek
Appalachia
Imboden
Norfolk & Western
American Car and Foundry Company Year Earnings Report
The American Car and Foundry Company reports year ended April 30 gross earnings of 10 624 574 and net earnings of 8 961 380 compared with prior year figures. The balance for dividends stood at 8 214 618 with a surplus of 6 114 618 equal to 20 38 percent on common stock after preferred dividends. Company plans 607 000 for future common dividends despite weak current business and notes reduced orders due to railroads retrenchment.
MENTIONED IN THIS ARTICLE
American Car and Foundry Company
Frederick H. Eaton
Bank of Bengal Cuts Discount Rate in Calcutta
The Bank of Bengal lowered its discount rate today in Calcutta from 6 percent to 6 percent. The move appears to align with steady monetary policy as of June 1965.
Bank of Bombay Reduces Rate to Six Percent
June 2 report from Bombay states the Bank of Bombay cut its discount rate from 7 to 6 percent. Also noted is the Bank of France declaring a semi annual dividend of francs. Meanwhile John H Edwards receiver for the New Amsterdam National Bank denied a report that the Hotel Saranac on Broadway near 424 Street had been sold for 1 million dollars. The sale is not certain but may occur soon with a Philadelphia syndicate seeking the property. The Rossmore hotel was bought by Charles T Barney in 1891 for 7 thousand dollars and later turned over to the bank.
MENTIONED IN THIS ARTICLE
John H. Edwards
New Amsterdam National Bank
Saranac
Broadway
Philadelphia
Charles T. Barney
The
Rossmore
Barney
Bank
Bank For Savings
City OF
New York
Fourth Avenue
Board of Trustees
Walter Trimble
Charles A. Sherman
James Knowles
Dry Dock Savings Institution
Bowery, Cor
Andrew Mills
WM. F. Patterson
Charles Miehling
German Savings Bank
CITY OF NEW _ YORK
Een
4Th Ave
14Th Street
Casimir Tag
G. F. Amthor
Seamen’s Bank For Savings
Wall Street
Savings Bank
Daniel Barnes
George M Halsey
Crude materials and manufactures for use in production
A partial OCR listing crude materials for manufacturing, intermediate products for further use, finished goods ready for consumption, and miscellaneous items. Includes numeric codes 133 222 944 132 270 275 334 566 279 182 566 019.
MENTIONED IN THIS ARTICLE
Seereeeers Assee
Also Mentioned on This Page
Commercial News
Hern Pacific
G. 4
Gray
B. Walker
Hrie
Geirmen
L. & N. Oficial
O. K
Tonopah
NEW
Chemical Company
Foreign Bank Returns
Franklin Trust CO
Standard Oil CO
New Town
American Car & Foundry Report
Bank OF Bengal
Calcutta
Bank OF Bombay
Bombay
Hotel Saranac
Alpha Con Seeee
Julia
Andes Kentucky
Belcher
Best & Belcher Occidental
Ophir
Caledonia
Overman
Potosi
Smeeei
Chollar
Savage Belcher
Sierra
Sag
Cor Cal
Gould & Curry
Yellow Jacket
Hale & Norcross Boston
R. L Day & Co
Albany
Cal & Hecla M
Boston
cjRravn
Fitchburg
Franklin Min
Granby
Old Colony
Mass
West Y
Mohawk
Ne Butte
Osceola
Tel & T Co
Parrot
Newell's Ill
Quincy
Tamareck
Wolverine
Tim Ue
Shoe Mach S Smelt Co
Arcadian
Utah
Bingham
Foreign Commerce
Bureau of Statistics
Department of Commerce and Labor
ELEVI
First & Second
Detroit, Toledo & Ironton Railway Company
Guaranty Trust Company of New York
Alexander J. Hemphill
George T. Maxwell
Hamilton F. Benjamin
Eustace Conway
E. C. Hebbard
Nassau Street
William
Eee
Kington Ave
R. Ebdrt
Sany
NEW York Savings Bank
William Fellinger
James Ll. Wandling
Archibald M. Pentz
Chambers St
W. H. B. Totten
George B. Dunning
Mle Tenes
Greenwich Savings
James Quinlan
Rex Roghaples M. Dutcher
Francis OC Bacon, Jr
Secretarien
Ce Yin i
Empire City Savings Bank
5Th St
Isaac A. Hopper
Arthur T. Timpson
Selat Eee Sr Ae Union Dime Savings Institution
320 &T
Sixth Avenue
Greeley Square
Charles E. Sprague
Francis M. Leake
William G. Ross
Canadian Pacific
Ihr
Denver
Rio Grande
International
Great Northern
Iowa Central
Minneapolis & ST. Louis
Central Branch
Texas & Pacific
Missourt Pacific
Grosa
Detroit United
Inc
Otter
Stenses
Ouci Supreme Court
New York County
Ada SL. Harris
Dwight M. Harris
Joseph H. Headley
Cyrus Field Adson
Joseph Leiter
Wellman, Gooch & Smyth
Wall St
Wellman, Goody & Smyth
Joseph H. Headher
Henry A. Bischoff
State of New York
County of New York
Borough of
Mannhattan
Wellman, Gooch & Smith
York Supreme Court
County OF New
York
Gerald Hull Gray
Cyrus Field Judson
Joseph H Hoadley
Plainuf’s Attorneys
Well St
Joseph H. Hoadley
Supreme Court of
County Court House
Manhattan
City of New York
Attornaeys
New York Supreme Court
UN County
Fortuna Machine Company
Benno Fischer
Redding, Greeley & Austin
Plaintiff
Post Office
Park Row
Borough of Manhattan
New York City
Beero Fischer
Charles Guy
Frederic H. Hatch
Eccel
Lacka Eon
Tavior
Iwortiere
Am Coal P
Nat Cash
Am Press
Niles-Bem-P
Otis Elevator
Babcock & WZ
Barney & 80
Pratt & W
Iga
Borden's CM
Sat
Ch&e
Trenton Pot
Ecelie
Wees Empire S & Tr
Hall Signal
Union Carbide
NW Y Bisc
P&f
T&s
Heck-J-I
Pcé&C
Nickeller
Sun C Co
Foreign Government
Cologne
Munich
Hessian
F-On-M
Augsch
Saxony
Hamburg
James H. Breslin
George T. Stockham
Breslin
Wolcott
Thirty-first Street
George T Stockham
Evelyn M. Breslin
Zorgh T. Stockham
Niagara Falls
Atlantic City
Thousand Islands
Montreal and
Lakes
Édays
Quebec
Bermuda
Europe
THOS
Cook & Son
Madison Ave
Fifth Ave
Lake
Berty
Mauch Chunk
Glen Onoko
Liberty ST
Atlantic Citymontreal
South Country
Saguenay River
Yellowstone Park
T. H. Hendrickson
Fulton &J
UEBEC
H. KR. H
Prince of Wales
Chan
Yee
Dison
West Point
Newsargh
Poughkeepsie
Palace Iron Day Line
West Shore
Glenwood
St. E. BR
Orient
Nassau” St. E. BR
New Haven
Richard Pece Teaves
East River
RED Bank Line
Franklin St Pier
Highlands
Red Bank
Sir Troffey
Long Branch
Asbury Park
Charles H. Beckett
County of
William F. Palmenberg
Sackett & Lame
Nessau Street
Dorothy M. P
Sackett & Lang
Nessa Street
Rush
Mary H
Hom
Mary H Brush
Brookline
Charles P
Pine Street
City of New Yor
Frances 4
Findlay
M van Buren
Charles P. Latting
Pine St. X
DP. C. Washington
Henry B. F. Macfarland
Henry L
Jay J. Morrow
D.C
Ing
N.Y
Harlem River
N. Y
John G D. Knight
Col Engis U G
ARMY
Posal
Court St
RYE Seminary
Agence
Young Fulton
Union Squam
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