Criticism of Seaboard management by Richmond banking house
The banking house of John L. Williams & Sons of Richmond, with John Skelton Williams as a member, issues a circular attacking Seaboard Air Line Railway management. It argues expenses should be 2.5 percent rather than 7.8 percent, showing that at April year’s gross earnings the system would have yielded a net surplus of 2,539,015 dollars. This would have funded 4 percent dividends on common, 6 percent on preferred, and left over 164.0 in balance. The circular notes that this surplus would have enabled 6 percent on all preferred and 5.75 percent on all common stock before the 1904 bonus stock issue.
MENTIONED IN THIS ARTICLE
John L. Williams & Sons
Richmond
John Skelton Williams
Seaboard Air Line Railway
Ircular
Seaboard Air Line Railee Eee
Bih
Hudson River Travel Expands With Dean Richmond Added
The Hudson tourist season sees a strong rise in travel with People’s Line adding the steamer Dean Richmond to the C. W. Morse and Adirondack fleet. Beginning today the Dean Richmond will run New York to Albany on Mondays Wednesdays and Fridays, returning from Albany on alternate days.
MENTIONED IN THIS ARTICLE
Hudson
People’s Line
Dean Richmond
C. W. Morse
Adirondack
New York
Albany
Alany
Bethlehem Steel Officers Swapped in Executive Shuffle
Bethlehem Steel announces changes in its executive staff with F. M. McIlvaff resigning as president and Archibald Johnston taking the helm. H. Snyder becomes vice president, A. B. Eers is replaced as secretary and treasurer, and B. H. Jones advances to secretary and treasurer. A Nile steamship venture from Oscar Ems introduces Express Nile Steamship Company, with new vessels to launch this summer and service between Luxor and Assouan in twelve hours, linking to the International Sleeping Car Company.
MENTIONED IN THIS ARTICLE
Bethlehem Steel Corporation
F. M. Mclivaff
Archibald Johnston
H. &. Knyder
Viece-Press- Lexi
A. BE. Eers
B. H. Jones
aSuTer
American Line
Nile Boats
Oscar Ems
Express Nile Steamship Company
Ces Ocean
Luxor
Assouan
International Sleeping Car Company
Henry Marsh Warren
New York
William T. Purdy
Newark
John T. McAtee
Philadelphia
W. H. Warner
Cleveland
H. C. Francis
Arsibie
Justice Newburger Names Hart Receiver for Secheoe Case
Supreme Court Justice Newburger appointed Milton Hart yesterday as receiver for the Secheoe case. The judgment totals 762 dollars.
MENTIONED IN THIS ARTICLE
Justice Newburger
Supreme Court
Milton Hart
New York Rapid Transit Panel Rejects Third Track Plan
The Rapid Transit Commission voted to reject Interborough Rapid Transit Railway Company's proposal for elevated third tracks on Second and Third avenues after hours of testimony. Supporters argued increased rider use and flexibility, while opponents urged municipal control and subway expansion while criticizing private monopoly.
MENTIONED IN THIS ARTICLE
The
Rapid Transit Commission
Interborough Rapid Transit Railway Company
Charles Stewart Smith
Metz
Smith
Stalin
Ledyard
Bryan
Interborough
Second
Third Avenues
Third Avenue
J. H. Holdreth
Bronx
Bronx Civic Association
Ernest Hall
North Side Board of Trade
Calvin Tomkins
Municipal Art Society
Brooklyn
Queens
Manhattan
Long Island
Charles H. Baxter
Rapid Transit Taxpayers’ Alliance
Darlington
J. Aspinwall Hodge
C. B. Stover
East Side
Allen Street
Isaac Weinstein
Jamess. Lehmster
Lawrence Veiller
Demand for Hudson River Bridge Announcement
The New York and New Jersey Interstate Bridge Commission urged public support for a North River bridge. Chair McDougall Hawkes said the commission asked the Board of Rapid Transit Commissioners for maps and plans of subway routes to aid site selection. No site has been considered yet. Erie Railroad, Public Service Corporation of New Jersey, and others expressed willingness to use such a bridge.
MENTIONED IN THIS ARTICLE
New York and New Jersey Interstate Bridge Commission
North River
McDougall Hawkes
Ciiiman
Board of Rapid Transit Commissioners
Bridge Commission
Hawkes
Erie Railroad Company
Public Service Corporation of New Jersey
Brooklyn Bridge Adds Five Car Trains
Chief Engineer C M Ingersoll informs Commissioner Stevenson a method allows running five car trains over the Brooklyn Bridge instead of four with R T C cooperation, a new system has been initiated.
MENTIONED IN THIS ARTICLE
C. M. Ingersoll
Bridge Department
Stevenson
Brooklyn Bridge
Brooklyn Rapd Transit Company
Subway Subways Denial Halts Great Eastern Franchise Case
Supreme Court Justice Bischoff denied the mandamus sought by New York Electric Lines Company to compel Commissioner Ellison to grant a permit for subways beneath city streets. The court ruled the franchise has been modified by legislation, negating a standalone right to operate its own subway system, with potential paths remaining through city accommodations or appeals.
MENTIONED IN THIS ARTICLE
Supreme Court
Bischoff
New York Electric Lines Company
Great Eastern Telephone Company
William B. Ellison
Water Supply, Gas and Electricity
Board of Aldermen
Commissioner of Public Works
Electric Lines Company
Ellison
J. Aspinwall Hodge
Empire Subway Company
City of
New York
City
Hudson River Route North to Saratoga and Adirondacks
Summer travel by steamer City of Troy and Saratoga from Pier 46 North River is booming. The Troy Line ships run daily except Saturday and connect with express trains at Troy for Saratoga Lake George and the Adirondacks, drawing many tourists.
MENTIONED IN THIS ARTICLE
Saratoga
Lake George
The
Adirondacks
Hudson River
Troy
Troy Line
Pier 46
North River
American Car and Foundry reports year earnings rise
American Car and Foundry Company reports net earnings for the year ending April 30 up by 184 279 from the prior year. The year shows higher rentals and repairs charges and new construction boosting the final surplus to 1 357 660 with a strong dividend balance. Directors re elected except J L Smyser who resigned and was replaced by C R Woodin.
MENTIONED IN THIS ARTICLE
American Car and Foundry Company
J. L. Smyser
C. R. Woodin
Reading System May financials for Reading Company and affiliates
The Reading Company and related firms report May results covering the Railway Company, Coal and Iron Company, and Reading Company earnings. Key figures include net income, receipts, expenses, and surpluses with year to date totals and December figures across divisions.
MENTIONED IN THIS ARTICLE
Reading Company
Philadelphia & Reading Railway Company
Philadelphia & Reading Coal and Iron Company
Railway Co
Inc
Coal & Iron Co
Reading Co
Adl Co
All Co
Sperone
Ase
All Co's
Fix. Dies
Rae All Co
Bank of England and France Weekly Reserve Reports
The Bank of England reports a fall in reserve to 47.44 percent of liabilities while circulation rises by 414,900 and public deposits drop 115,000. discount unchanged at 3 percent. The Bank of France notes increases in circulation by 21,200 francs and treasury deposits by 45,150,000 francs with general deposits up 74,4250 francs and bills discounted up 825,000 francs.
MENTIONED IN THIS ARTICLE
London
Bank of England
Sullion
Paris
Bank of France
Treasury figures show rising funds and outstanding certificates
Washington June 2 The Treasury's condition at opening shows reserves with gold coin and bullion totaling 4,005 150,000 and 600 trust funds to redeem outstanding certificates. Silver dollars and general funds are listed alongside deposits in national books and Philippine Treasury reimbursement awaiting.
Stock Values Rebound Amid Broad Market Advances
Wall Street mixed as early weakness yielded to gains across rail and industrial shares. Major listings including Am Ax Chem and Am Express jumped while steel and transportation issues fluctuated. however bond activity showed varied tones as traders weighed looming gold imports and London deliveries. Total daily sales reached 2,226,803 with expectations of renewed gold imports in coming days.
Wall Street Outlook Sees Cautious Recovery Amid Doubts
Stock market opened with declines of over 2 percent as long positions liquidated and bears pressed. Support at the lows sparked short covering and broad advances in active issues, led by copper, American Smelters, Brooklyn Rapid Transit, Colorado Fuel, St. Paul, Interborough, Northern Pacific, Southern Pacific and Union Pacific, while United States Steel and Reading rose from lows though closed with fractional gains.
MENTIONED IN THIS ARTICLE
Albany& Susiss
Ceekh & Fury
American ‘Coal
Amer
Amer Twine
Hide & Li
Amer Ice
Amer Linseed
American Sautt
Arm Sraci Fary
Am Tel
Tel & Tel
Amer Woollen
jAnn Arbor
Kan & Mich
Atchison SS
Woo K CP S & M
Ser Ecenee
LE & W
Coast Line
Ana Ce Ae Ld Amer Pheu
T&sf
LVN
Eait & Ohio
Ween
Eoston
Brunswick
Sul R & Pitts
Beth Steel
Amy Sey Sey
Butterick Co
Canada South
N &Wrp &c
Ado
N J
Northwest
C & St L
Clev
Pitts. Iy
Elec
Cot Fuel & Iron
Ty Hy Woo
Union Pac
Col & Southern
del Lack & W
Col Ari Ss
West Md
Eastman Roda
Erie
City Gas Se
West Shore
Evans & T H
Gen Chemical
Geneva
Havana
Hocking
Val
CS Do
Rana
Kan City
Long Island
Saas
Louis & Nash
Myst Michigan Century
Leahy
Alo Minna
Bess
Kaa & Tex Lin
Missouri Pacific
SM Morris & Essex
Nash & Chat
Nat
Nat Enam & St
Ontario St
Pacific Mail
Brarer
Lee Fa & East
Peo Gas & Coke
Pittaburg Coal
Ms & St Lo
Chtc
Pring
Bubbe
Rome
Letty Ley
Cory
Third Ave
Tol
Fo & West
Ry & Light
iTol
L& W
Twin City
Union Pay & P
Union Pacific
Basher
C&c
Maryland
Wells
Weet Union
Westingn Mtg
Wheel & L E
Wisconsin
Stock Exchange
Washington
Congress
American
Brooklyn Rapid Transit
Colorado Fuel
St. Paul
Interborough Metropolitan
Northern Pacific
Southern Pacific
United States Steel Common
Reading
Lawson
Boston
Boston Wizard
Wall Street
Time Department
London Market Sags As U.S. Securities Open Weak
The London market for American securities opened weak with a broad decline across major names. Canadian Pacific and Anaconda showed notable drops while U.S. centers in New York closed lower, reflecting cautious trading amid foreign money rates and discount expectations.
Money Market And Exchange Rates Reported
Money on call opened at 24 percent high, 4 percent low, last loan 3 percent. Time money quoted 4 15 percent for thirty days, four percent for sixty days, four and a half for three and four months, five percent for five and six months. Foreign exchange market closed weak with various closing rates and bankers posted rates for several currencies. Bank clearings for New York, Boston, Chicago, Philadelphia, Baltimore listed. Silver and gold premium figures shown along with Mexican exchange and government receipts. Sub Treasury credited to Clearing House.
MENTIONED IN THIS ARTICLE
TSR
Sisrgsisk
Reichsmarks - Hsm
Girmaen
Belgium
Switzerland
Holland
New Orleans
Boston
Chicago
Charleston
Cincinnati
Savannah
Minneapolis
St. Louis
New York
Philadelphia
Baltimore
London
Madrid
Lisbon
Washington
Sub-Treasury
Clearing House
Also Mentioned on This Page
Bankers and Brokers
Hallgarten & Co. Bankers
Nassau Street
Investment Securities Foreign Exchange
N. W. Halsey & CO
Wall ST
San Francisco
Pine St
GC. H. Venner
Bankers
Northwestern
Serip
Schmidt & Gallatin
N. ¥. Stock Exchange
Broadway, WN
Pfaelzer & Co. Bankers
Broad Street
Tribune
6Th Ave
7Th
Sth
Bae West
E T
76Th
77Th
Tate
Insurance Department
Teutonia Insurance Company
Louisiana
United States
Otto Kelsey
Sach
Texcayt
Wendant
Nonnane
Bethlehem Steel
Business Trouosses
R. T. Commissioners Act
Belmont
Interborough Company
Veiller
Ninth Avenue
Christopher Street
Chatham Square
McGowan
Orr
Mr. Ingersoll
Brooklyn End
Brooklyn Rapid Transit Company
Ingersoll
Railroads
Telephone Company
American Car & Foundry Report
Foreign Bank Returns
Federal Treasury
Treasury
New York Central
Norfolk & Western
Anaconda
Atchison
Ontario & Western
Pennsylvania Besse
Canadian Pacific
Baltimore & Onion Ru
Erapenke Ohio
Reading m
Tse Cate Great E Stern
Anu Chic Mi
St Paul
Aig
I Southern Railway
Denver Y Rio Gr
Wty
Southern
United States Steel
Wabash
Ay Moran & Texas
Spanich
Shorts
Sterling Exchange
Allis-Chal Co
Kana & Mich
Amal Copper
Kan
Ag Chem
C & Fury
le& W
Am Express
Mexican Central
Grassea
M & St Leee
H & L Pf
Ice Secur
Mogoure & Tex
Locom
Missouri Pac
Neumat
Steel Fury
Nyc&s&l
At&sf
Yow
North West
North American
Ealt & Ohio
Northern Pac
Pacific Coast
Bkion Raper
Penn Railroad
Peoria & East
Canadian Pac
Peo G & C
Ches & Ohio
Ry Steel Sre
Gt West
Rep Iron
Rock Island
St Louis South
Sloss-Sheff
Sisouthern Pac
Nat Biscuit
Nat E & St
An Col & South
Southern Ry
Texas & Pac
C&hcet
Yitsil Ae W Pt
Consols
Twin City RT
Corn Pro Co
FM & Smpf
Gen
Elec Co
Gt North
US Steel Hock Val
Tllinois Cent
Va-Car Chem
Mlvaicac
Vulcan Detin
West UN Tel
Iowa Central
Wis
tEx
Japan
At&s
Mex Cent 2d Inc
R& OQ
Va. Pac Ist
Chic R & Q
US Steel
Wabash Dbs
Callete
Bic
Philippines
District of Columbia
American Securities Abroad
Amercan
Leason
N.Y
Tlinots Central
Louisville & Nashvil
Las New York
Beran
Tm's
Steel
Berlin
Berlin Exchange
Paris Exchange
Money and Exchange
R. L. Day & Co
Arcadian
Best & Albany
Atlanta
Ise
Roeton L
Shannon
Oy Cirg&usy
UWS
Ham
Granby
Ik Cal & Hecla
Old Colony
West End
Mass Ec
Tel & T
Butte
Tel & T Co
Wolverine
Etree
U & Mining
Weerting
Dominion Coal
Utah
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!