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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
Also Mentioned on This Page
Kan City
Hols & M
Sud Ae ‘S
Inc
S. Oy
S&s F Adj
Penn Court
Cc & O
A&ap
M & St P
Do M & O Co
U S St
Utah
Nor
Penn CT
West Shore
Hock Vest
Aswansease
Amer
Amer Dist
Amer Express
Amer Hide & L
Amer Linseed
Saedanative
iAm Tel & Cable
Am Tel & Tel
Amer Woollen
Arbor
Atl Coast Line
Eait
Ohio
Brunswick
Buff & Pitta
Buff & Sus
Butterick Co
Canada South
Jenagian Pacific
Ches & Ohio
Alton Do
Chicat West
At, &Sp
Wortin
Micccés
Loris
Clev & Pitts
Col Fuel & Iron
Col & & Southern
Col & Cc &Ir
Comstock Tun
del & Hudson
del Lack & W
Denv & Rio Gr
del M & Fr
Det
South
United
Dist Securities
Elee Star
Evans
W &D
Seena
Havana
Illinois
Iowa Central
Ikkcfsempf Keok & Des M
Laclede
LE & Western
Louis & Nash
Manhattan el
Michigan
Minn
St & S
Bly —— Morris & Essex
Sbiscuit
Nat Enam & St
NY Central
Ch & St L
Norfolk & West
Northern Pacific
Ital
Ontario
Co . Moire
Pacific Coast
Pacific Mail
Penn
Peoria & East
Feo Gas & Coke
Pittsburg Coal
Sara
Iron & Stlam
Ann Os
Red Island
Rome
Host
Liz
Southern Pacificem
Thy
Southern Rer
Tenn Coal & Ir
1St Bay
Texas & Pacific
Éo Land Trust
Third Ave
Peo & West, & Light Nor
Twin City
Union Bag
Union
Ry & Imp
Wiig
Ss Steel
West Maryland
West Union Telee
Wisconsin
Bankers and Brokers
A. B. Leach & CO
Farson, Leach & Co
Broadway, New York
Kountze Bros
Hallgarten & Co. Bankers
Nassau Street
Investment Securities Foreign Exchange
Joseph Walker & Sons
New York Stock Exchange
Broad Street
New York City
Western Electric
Borden
Babcock
Wilcox
NEW Jersey Zinc Hudson Companies
NEW York & Jersey
Frederic H. Hatch
United States
Broad
Broad St
Frede F. Marquare
Marcin
Chas. B. Barney & Co
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New
Yok Ai
South Fourth Street
van Schaick & CO
N. WY
Maxchange
Produce Exchange
Chicago Board of Trade
East German &T
Baltimore
Geandh
Broad St. Mewaree
N. W. Halsey & CO
Espela
Francisco
Fulton Trust CO. of
Nassau St
Thomas Reinhardt
Wali St
State OF
T. Mery
Louisa Pabcock Tawney
David B. Tawney
Elre B Landrinelizabeth Simmons
Catherine Mice
George B. Ewan
Georgiana Sneddie
Olvis Seephine
David Beock
Kiz
de- Vree
David Babcock
County of New York
Sena
County of
Isid County
Arveer Hurst
Lewis Hurst
Gecesseé
Elbertine
Gi Konstanzer
Joan HK
Nae
Clarhattan
City
the Iron and Metal Trades
R. L. Day & Co
Arcadian
Ie Bost & Albany
Atlantic
Boston Elev
Shannon
Boston Coal
Bingham
Ciravsy
Cal & Hecla M
NYN HA & H
Franklin
Ieee
West End
Mohawk Min Ag
Osceola
Parrot
Am Tel & T Co
Quincy
Butte
Tamarack
New Eng
Wolverine
Tel & T Co
U. Oi
Booth & Co
National Biscuit
Nor Chic St Ry
Nor West el R
ST Do Pr
Canal & Dock
Chicago Edison
South Side
L. A
Boxboard & P
Western Stone
Black Mountain A
West Chicago
Crhaate
Toolesees
Charles D. Barney & Co
South Th Street
Ask
Am Cement
Am Ry Co
Phila Apha
Calabria St
Penn R Co
Penn Bteel Co
Dismond Steel
Traf
Elec St Bat Co
Phila Lec Co
Elec Co
Phila & Erie
Fairmount Tras
Phila Rap Tr
Ins Co
Sus Iron & Stigh
Lehigh Val
Union Traction
Tidewater Steel
Marsden RR
UN Gas Im Co
Asphatt
Welshach Co
Phila
Phila Co
H&l
Central
St L
NH & G
North West
North American
Northern Pac
At&sf
Penn Railroad
At Coast Line
Rep Iron ‘& Sdl
Chic & Altif
Rock Island
Allis-Chal Co
K Ice
Caic
Manhattan
Am Ag Chem
Met Street Ry
Mexican Central
C & Féry
Imsp&assmus
Mo Kan & Nee
le& SW Pf
Cme&ip
Sloss-Sheff
Southern Pac
Chic Tinton Tr
Sothern Ry
Si i Intest Coca Tl Iss
Cai Col Fuel & I
Texas & Pac
Col & South
Third Avenue
Ry & Lt
IT &T &W Clec
Consol Gas
Corn Pro Co
Unten? Pacific
Ry Invest
Csee
Usrea &R
Gt North
Elec
Hock Valle
U S Steel
Timets Cent
Vulcan Detin
Inter Paper
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tEx
Japan
Nor Pac
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CR I&p RR
US Steel
D &H
Wabash D
Wab
Erte
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Bic
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van Schatck & Co
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Itves
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Allis-Chalmers
Bkin
Gt West
Col Fuel & Iean
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Ee o'Timnels Central
Inter-Met
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Southern Ry
Tex Pacific
Mear
Shaw
High
Lam
Tee
Atlanta
Weweerese
Belcher
Best & Belch
Comstock
Goldfield
Jim Butler
Lone Star
Montgom
Ing
Money and Exchange
Wall Street and Exchanges