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This newspaper page contains 11 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 28, 1906

Page

4

Magistrate Fines Teen for Exploding Torpedo Bomb

Magistrate Wahie in Harlem court fined Isaac Daniels, nineteen, of Lenox Avenue, for exploding a torpedo as large as a lemon. It made a cannonlike noise and shook nearby windows. He warned that anyone selling such devices to a minor would be arrested.

Wahie Harlem Issac Daniels Lenox Avenue

City waives freight rate control for rail franchise deal

The Pennsylvania Railroad seeks a 25 year New York connecting rail line franchise at 2 2 5 million with payments spread over the term. The city will drop supervision of freight rates and a five cent fare demand. officials warn the deal hinges on concessions on street openings and court disputes over right of way.

Pennsylvania Railroad Company New York Finance Department Orr Rapid Transit Commission Board of Estimate Pennsylvania Rea Rapid Transit Queens

City Orders Accounting Of Subways In Debt Dispute

Justice Giegerich appointed Hamilton Odell Eugene A. Philbin and Adrian H. Joline to audit funds owed by Consolidated Telegraph and Electrical Subway Company and Empire City Subway Company Limited. Dispute centers on 10 percent earnings share and a possible city takeover if payments are unpaid.

Justice Giegerich William P. Burr Hamilton Odell Eugene A. Philbin Adrian H. Joline Consolidated Telegraph and Electrical Subway Company Empire City Subway Company, Limited Atlantic Telephone Company New York Telephone Company Empire City Subway Company

Gather Lemons From Stranded Ship Off Long Island

Long Island residents along Point of Woods on June 27 report thousands of lemons strewn along the beach after the Bonanno ran aground west of the point. Crates were damaged or thrown overboard, but most fruit remains usable as visitors collect the fruit for lemonade.

Point of Woods Long Island

Iron and Steel Trade Shows Strong Orders Growth

The Iron Age notes a surge in orders with United States Steel booking about 37,000 tons daily in the first 22 days of the month, nearly double the 1905 pace, while foreign demand grows. Rail mills booked 35,000 tons of steel rails weekly from Mexican and Japanese lines, with negotiations for further exports to South America. Domestic sales include 5,560 tons to Gran Trunk and 2 tons to Northern Electric of San Francisco, plus 1907 deliveries to several carriers. Plate and pipe markets rise. over 106,000 feet of steel pipe awarded for the Torresdale plant. 48 inch Cambria mill now operating. movement in sheets remains heavy.

United States Steel Corporation South America Gran Trunk System Northern Electric Company San Francisco Lackawanna Norfolk & Western Wabash Central of New Jersey Northern Electric Erie Southern Railway St. Louis Mississippi Torresdale Philadelphia Cambria

Stocks Ease as Market Shows Little Aggression

Closing prices of many stocks eased on a scale down as traders avoided aggressive moves. High priced shares led declines while low priced issues remained steadier, with Canadian Pacific holding firm despite a broad downturn. Earnings at Canadian Pacific rose sharply this year, bolstering its appeal amid a subdued railroad environment and selective rate cuts in the West.

Canadian Pacific Canadian Pacific Company Chesapeake & Ohio

Stock market weakness follows early strength amid heavy liquidation

A brief early strength gave way to widespread weakness as professional selling pressured shares. Reading Copper, Union Pacific, St Paul and Interborough Metropolitan led declines with little rallying power. Government actions against railroads and a St Paul financing indecision weighed on sentiment, while total volume exceeded one million shares. Ontario and Western raised its dividend but failed to lift values amid outlooks of July payments and Treasury withdrawals.

Reading Union Pacific St. Paul Interborough Metropolitan United States Steel Common Preferred Wall Street Amalgamated Copper American Smelters Anaconda Brooklyn Rapid Transit Colorado Fuel Hill Ontario and Western Lawson Sub-Treasury Federal New York Treasury Secretary of the Treasury

American securities abroad market report June London

London market shows strength in U S securities with curb trading declines late. Quoted closes list Anaconda Atchison Canadian Pacific St Paul Erie Louisville & Nash New York Central Reading Southern Pacific Union Pacific United States Steel and others. Foreign money and rates show London open discounts and Berlin Paris exchange quotes.

London New York Anaconda Atchison Ovce Canadian Pacific St. Paul Erie Miinets Central Louisville & Nash New York Central Lab Pennsylvania Southern Pacific Union Pacific United States Steel Berlin Berlin Exchange Paris Paris Exchange Tis

Securities Auction Details at Muller & Son Rooms

Auction conducted by Adrian H at Muller & Son Exchange Salesroom sold varied securities on behalf of executors and Richard Campbell estate. Includes 230 Fulton Trust Co shares, 430 L S Mortgage & Trust Co shares, 325 Lawyers Mortgage Co shares, 2700 Washington Mutual Telephone Co shares, and bonds from Southern Pacific Union Pacific. Also lists Bowling Green and Adams Express Co. holdings among others with City and bank references. Estate rights, title, and interests described as sold subject to Warren B Sammis’ interest.

American Exchange National Bank Fulton Trust Co Real Estate Trust Co Lawyers’ Mortgage Co Chi. Mii St. P L. S. Mortgage & Trust Co Richard M Campbell Richard Campret Richard Campbell Warren B. Sammis Washington Mutual Telephone Co Washington N. J Southern Pacific Union Pacific Apc Westchester Trust Co David Stevenson Brewing Co Bowling Green Trust Co Adams Express Co Bklyn Union Eley R R. Co

Money Market and Exchange Rates Report

Money on call: highest 3 percent, last loan 3 percent, time money at 4 4 percent for thirty days, 4 percent for sixty days, 4 5 percent for three to four months, 5 percent for five to six months. Commercial paper quoted 5 5 4 percent for sixty to ninety days, 5 6 percent for four to six months. Foreign exchange: market closed weak, notable rates shown for sight and telegraphic transfers. Bank clearings listed for New York, Boston, Chicago, Philadelphia. Gold and silver markets noted with Madrid and Lisbon premiums. Mexican exchange cited at 19844 New York. Government receipts and Sub-Treasury figures provided.

New Orleans Boston Chicago Charleston Cincinnati Savannah Minneapolis St. Louis New York Philadelphia London Madrid Lisbon Washington Sub-Treasury

Wall Street and Exchanges Roundup and Dividends Declared

Foreign houses bought 10000 shares in the local market and London holdings were firm while Russian news improved sentiment in Paris. Ontario & Western declares a 2 percent dividend, the third in recent years, with prior rounds in 3 and 1 2 percent. New York State Bankers Convention program announced for July 5 and 6 at Lake Champlain. Amalgamated Copper notes rising output and cost reductions, predicting possible record output near 1898 levels. Dividends declared by Manufacturer Light and Heat Company, American Savings, Harlem Savings, and Star Savings Bank outlined with payment dates and rates.

London Paris Ontario & Western New York Ontario & Western Railway NEW York State Bankers’ Convention David H. Pierson Bank of the Manhattan Company Alfred Curtis Frank A. Vanderlip National City Bank Festus J. Wade Mercantile Trust Company of St. Louis Anaconda Copper Company Anaconda Light and Heat Company American Savings Harlem Savings Bank Star Savings Bank

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