Grain rates stymie New York exporters against Montreal
The Trunk Line Association told the New York Produce Exchange committee that traffic conditions and high costs prevent export rate concessions from Buffalo eastward. The exchange seeks parity with Montreal to curb Canadian competition, but railroads refuse reductions. A lighterage charge tweak was accepted after protests, ending further action for now.
MENTIONED IN THIS ARTICLE
Trunk Line Association
New York Produce Exchange Committee
Buffalo
Trunk Association
Montreal
James F. Parker
Preduct Exchange Committee
New York
Lakes
Produce Exchange
Five Railroads Accused of Grain Trade Discrimination
The Milwaukee Chamber of Commerce filed two complaints with the Interstate Commerce Commission charging five railroads with favoring Chicago over Milwaukee in grain rates. One suit alleges unequal through rates for corn oats and rye to Milwaukee versus Chicago, while the other claims abrupt rate changes in August 1907 that unjustly boosted Milwaukee shipments, harming grain trade.
MENTIONED IN THIS ARTICLE
Washington
Chicago
Milwaukee
Chamber of Commerce of
Interstate Commerce Commission
Iowa
Minnesota
Chicago, Rockland & Pacific
Illinois
Illinois Central
Westinghouse extends assenting stock deadline to September
The readjustment committee of Westinghouse Electric extends the assent deadline for the merchandise creditors reorganization plan to September 1 to complete details and subscriptions. The plan should take effect around September 3 as subscriptions rise and unsubscribed stock drops below 1 million dollars. The Pittsburgh court ordered payment of interest due July 1 on funded and floating debt and August 1 on collateral notes.
MENTIONED IN THIS ARTICLE
Westinghouse Electric and Manufacturing Company
United States
Pittsburg
Receivers Ordered to Pay Westinghouse Interest Payments
Judge Young of the U S District Court directed the Westinghouse receivers to pay 500000 interest on bonds due July 1 and 181000 interest on a 64466 loan due August 1. Receivers say funds are sufficient to meet these obligations.
MENTIONED IN THIS ARTICLE
Pittsburg
Young
United Sates District Court
Westinghouse Electric and Manufacturing Company
Chinese boycott ends as Far River sees big cotton shipment
Fell River Massachusetts reports the boycott collapse with orders totaling 23,000 packages of cotton goods valued at $200,000. The shipments to China will depart tomorrow, marking the largest export from the port in years since the boycott began.
MENTIONED IN THIS ARTICLE
the Tribune
Fell River
Mass
China
Central Systems to Fully Reopen July 1 in Several Cities
The Tincis Central Systems will restore full hours starting July 1 in Burnside Iowa Waterloo Memphis and Water Valley Vicksburg with about a thousand additional workers. Monthly expenditures are set to rise to roughly 250000.
MENTIONED IN THIS ARTICLE
Chicats
Tincis Central Systems
Burnside
Waterloo
Iowa
Memphis
Water Valley
Vicksburg
Miss
New York Press Association Reviews Paper Costs And Insurance
In Niggera Falls June 26 the New York Press Association discussed rising paper costs and what was termed extortionate insurance. Members debated cost impacts and favored cooperative open-step insurance. William B. Collins of Gloversville delivered the annual address as officers are to be elected tomorrow.
MENTIONED IN THIS ARTICLE
Niggera Falls
New York Press Association
Extorionate Insurance
Steplic Arts Insurance
William B. Collins
Gloversville
Os Nl
New Trial Motion Filed in Hyde and Hither Conspiracy Case
A motion for a new trial was filed in Washington today following the conviction of Frederick A. Hyde and Joost Hi ther of San Francisco for conspiracy fraud. Arguments on the motion are set for the court's next session.
MENTIONED IN THIS ARTICLE
Washington
Nerrest
Delawi
Frederick A. Hyde
Joost Hither
San Francisco
United States
West
Exports Rise Amid Port of New York Trade Shifts
Official report by Colonel Edward S. Fowler shows New York Port foreign commerce for the year ended June 30 declined by 142 million dollars from the previous year. Total trade was 1.2279 billion with imports at 689.6 million and exports record high, 638.3 million, while duties fell to 186.7 million. Gold and silver bullion imports surged to 117.0 million, Europe repaying loans as exports of precious metals climb.
MENTIONED IN THIS ARTICLE
New York
Custom House
Edward S. Fowler
Secretary of the Treasury
J.S. Knapp
Europe
Dun
Trade and Industry
Mhe
Eer Gp
Lubrication Costs Drop At New York Central Railways
John F. Deems testified at the Standard Oil inquiry that New York Central lines cut lubrication costs while expanding service. From 1899 to 1907 passenger car mileage rose 32 percent as lubrication costs fell 54 percent. freight car mileage up 63 percent with a 37 percent cost drop. Locomotive weight rose 54.9 percent with lubrication costs up 62 percent. The hearing paused for Grover Cleveland’s funeral and will resume Monday.
MENTIONED IN THIS ARTICLE
John F. Deems
New York Central
Standard Oil
Galena Signal Oil Company
Hudson River
Gaiena Company
Grover Cleveland
Wages on Southern Railway Postponed Wage Talks
Southern Railway announces postponement of wage negotiations for non Washington employees from July 1 to October 1. The 10 percent salary cut for officials and staff in Washington ends July 1, while the president and vice presidents keep their reductions. Mediators under the Erdmann act facilitated the pause with all parties through April 1, 1908.
MENTIONED IN THIS ARTICLE
Washington
Southern Railway Today
Finley
Martin A. Knapp
Charles P. Neil
Erdmann
Growth in New York trust companies shows rapid expansion
A comparison of twenty New York City trust companies on March 4 and June 17, the State Superintendent of Banks calls for statements of condition, reveals deposits rising from 21,419,000 to 959,149,200, a gain over 139,000,000. Cash holdings up about 11,000,000 and loans up over 47,000,000. Investments in stocks and bonds increased by nearly 35,000,000.
MENTIONED IN THIS ARTICLE
New York City
State Superintendent of Banks
Iowa Freight Rates Lowered by Railroad Commission Action
Des Moines report notes a general freight rate reduction issued by the Railroad Commission. The new schedule takes effect July 1 and mostly lowers rates slightly though some cuts are substantial, benefiting several shippers.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
Railroad Commission
Trade conditions and prospects from Dun's Review cited
Dun's Review notes midsummer quiet amid general trade contraction and crop strength boosting confidence. It cites improved fall business readiness, shifts in raw materials, and steady shoe and steel output, with railcar reductions and declines in June earnings. Bradstreet's echoes cautious optimism and uneven activity across industries.
MENTIONED IN THIS ARTICLE
Bradstreet’s
Rochester Youths Sentenced in Manslaughter Case
Arthur Clark, eighteen, convicted of second degree manslaughter for the 1907 killing of Frederick L. Kistenmaker, received a sentence of seven to eleven years at Auburn Prison. Nellie Osborn, who pleaded guilty after a jury’s December disagreement, was sentenced by Justice Bas yer in May to five to seven years. Free for August.
MENTIONED IN THIS ARTICLE
Rochester
Arthur Clark
Frederick L. Kistenmaker
Auburn
Nellie Osborn
Bas Yer
City board funds aqueduct work while rejecting prison palace cost
The Board of Estimate voted 22.6 million for Catskill aqueduct projects and approved 7.2 million for Suffolk County water system upgrades, totaling 47 million eventual cost, while refusing 2,250 dollars for a new Rikers Island penitentiary. Controller Metz warned of depleted funds and questioned future subway plans as ferries face possible service cuts.
MENTIONED IN THIS ARTICLE
Board of Estimate and Apportionment
Catskill Aqueduct
Riker’s Island
McGowan
Board of Aldermen
Metz
Mr. McGowan
Catskill
Suffolk County
Smith
Harlem River
Hebberd
Charities Department
Bellevue Hospital
Botanical Garden
Gowarus Canal
Board of Estimate
Union Ferry Company
Coal Output Exceeds Demand in Dull Trade
Reading anthracite mines will close next week and Lehigh Valley collieries will close for most of the week and much of the time thereafter. Much coal shipped recently sits in storage as demand remains weak. Bituminous trade is lifeless with shipments at about 60 percent of normal.
MENTIONED IN THIS ARTICLE
Reading
Lehigh Valley
Southern Pacific Indicted for Rebating in Nevada Shipments
Federal grand jury charged the Southern Pacific company with nineteen counts of rebating in shipments from Nevada for the Pine Box and Lumber Company. A parallel indictment against the Pine Box and Lumber Company also cites nineteen counts for accepting rebates.
MENTIONED IN THIS ARTICLE
San Francisco
Federal
Southern Pacific Company
Nevada
Pine Box and Lumber Company
City Club seeks immediate Manhattan fire alarm overhaul
The City Club requests the Mayor and Board of Estimate act now on plans for a new modern fire alarm system in Manhattan. The club’s fire protection committee warns the current telegraphic system is dangerous and harmful to property values, urging action to protect lives and property citywide.
MENTIONED IN THIS ARTICLE
McClellan
Board of Estimate
City Club
Manhattan
Emil Frenkel
W. G. Sewall
Walter F. Peacock
Wallace Reid
Central Park
Battery
Borough of
City News In Brief Edward Roshong Paroled After Accident
Edward Roshong the chauffeur for Mrs Mary A Yerkes was paroled by Magistrate Walsh in Jefferson Market court after being arrested for running over a small boy Domenico Pasquale the injured child is in St Vincents Hospital in serious condition The trial of broker Thomas A McIntyre under six indictments for grand larceny in the first degree before Judge Foster in General Sessions was adjourned until July 6
MENTIONED IN THIS ARTICLE
Edward Roshong
Mary A. Yerkes
Walsh
Jefferson Market Court
Domenico Pasquale
St. Vincent's Hospital
Thomas A. McIntyre
Foster
Consul Lay Promotes U S Exports in South Africa
Julius G. Lay American Consul General at Cape Town tours manufacturing centers in the United States on leave to advise American producers on South African business conditions and export prospects. He notes $140,000,000 in imports to South Africa with Britain and the U S holding small shares and urges action to boost agricultural and mining-related machinery exports.
MENTIONED IN THIS ARTICLE
Julius G. Lay
Cape Town
South Africa
United States
Mr. Lay
Lay
Great Britain
National Association of Manufacturers
Kimberly
Northern Pacific stock issue looms in rate hearing
Testimony centers on the 93 million dollar Northern Pacific stock issue. H A Gray testifies that Morgan & Co acted as fiscal agents, most shares subscribed, payments totaling 60.5 million received by April. Observes possible extra time granted by the agents, not the railway.ၚ
MENTIONED IN THIS ARTICLE
Gray
J. P. Morgan & Co
Howard Elliott
Mr. Gray
J. P
Multiple Involuntary Bankruptcies Filed in U S District Court
The U S District Court recorded several involuntary bankruptcy petitions. Jacob Kurzmsun & Son, wool goods at 395 Broadway, petitioned by H T Mall & Co for 690 dollars. H H Oppenheimer appointed receiver with a 4000 dollar bond. Samuel Blick, eggs and butter dealer at 346 Greenwich, petitioned by Harry Shimer for 3846.84 dollars. Blick accused of fraudulent dealings and $15,000 in goods hypothecated. John Gruenberg named receiver for St Lawrence Filler Co with 1000 dollar bond. De Kalb Junction plant valued at 2000. Arthur J Cohen named receiver for Harlem Specialty Co with 1000 dollar bond. Pittsburg Glass Co cites Henry Thompson for alleged misappropriation of lease proceeds and improper hypothecation. Sheriff Foley attaches 13234 dollars against La Banque de St Hyacinthe, a Canadian firm, in favor of Delaware & Hudson Co. Deputy serves bank officer. attachment by Justice Bischoff. Sheriff also executes 1075 dollars against Hyman Nelson’s cloaks factory at 133 Mercer Street in favor of Hyman Siegel.
MENTIONED IN THIS ARTICLE
Jacob Kurzmsun
Washington Street
Shimer
Blick
Eastern States Refrigerator Company
Jersey City
John Gruenberg
St. Lawrence
de Kalb Junction
St. Lawrence County
N. Y
Arthur J. Cohen
Harlem Specialty Company
Pittsburg Glass Company
Witness Tests Coster Knapp Debt Owed Marshall Spader
Michael J. Welch of Marshall Spader & Co testified before Commissioner Alexander in the inquiry into Coster Knapp & Co. failure. He stated the firm owed Marshall Spader about $616,119 as of October 1907, with the hearing adjourned until Monday.
MENTIONED IN THIS ARTICLE
Michael J. Welch
Marshall, Spader & Co
Coster, Knapp & Co
Alexander
Coster, Knapp &Co
Rockaway Beach Man Shot in Fight Over Wife Visit
George A. Travers of 48 South Elbert Avenue Rockaway Beach is hospitalized with a gunshot wound to the left side after a confrontation at the Sheridan home over his wife. Travers says John Sheridan of 16 South Elbert Avenue fired the shot during a struggle after Travers demanded his wife return home. Patrolmen O Connor and Smith arrested John Sheridan and his wife after witnesses heard the gunfire.
MENTIONED IN THIS ARTICLE
George A. Travers
South Elbert Avenue
Rockaway Beach
St. Joseph's Hospital
Far Rockaway
John Sheridan
Travers
Charles Sheridan
Ambler
O'Connor
Smith
Sheridan
Injured Boulanger Family in Hudson Valley Car Crash
Mrs Emil Boulanger of 404 Eighth Avenue Manhattan and her daughter Amity twelve were hurt in a Hudson Boulevard auto mishap last night. They and Emily fifteen were thrown from the car when the steering broke. Mrs Boulanger sustained a broken arm and facial lacerations while Amity and Emily suffered head and body injuries.
MENTIONED IN THIS ARTICLE
Emil Boulanger
No. 404
Eighth Avenue
Manhattan
North Hudson Hospital
Union Hill
N. J
Amity
Hudson Boulevard
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U.S
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Shevlin-Mathieu Lumber Company
Minneapolis
Robertson
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N. W. Cor
14Th St
8Th Avenue
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16Th St
James Quinlan
J. Hampded
M. Dutcher
Treas
R. Ham
E Francis M. Bacon, Jr
Seamen's Bank For Savings
Wal Street
Union Time Savings Institution
ST _ AND
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Charles E. Sprague
Francis M. Leake
William G. Ross
Chambers St
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Thomas M. Mulry
John J. Pulleyn
THE
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Broadway
Joseph Bird
Frank G. Stiles
CONSTANT M._ BIRD
North River Savings Bank
34Th St. Bet
Samuel D. Styles
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Charles F. Turton
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Wellesley
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M J Young-Palton
Union Square
Tribone P
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Vic
Sete Ave
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7Th
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