Criticism of Seaboard management from Richmond bankers
The banking house John L Williams & Sons and John Skelton Williams of Richmond publish a circular denouncing Seaboard Air Line Railway management. It argues expenses were miscalculated, claiming an ideal expense ratio of 6.25 percent vs 7.8 percent real, which would yield a substantial net surplus and enable dividends on both preferred and common stock, plus a large balance. The note also mentions a $2,559.05 surplus could have funded higher dividends prior to a winter issue of $12,500 bonus stock.
MENTIONED IN THIS ARTICLE
John L. Williams & Sons
Richmond
John Skelton Williams
Seaboard Air Line Railway
Seaboard Air Line
Hudson River Steamer Dean Richmond Added To Travel Line
The People s Line increases Hudson River traffic by adding the Dean Richmond to its fleet alongside Morse and Adirondack. Starting today it will run regular trips between New York and Albany with departures from New York on Monday Wednesday and Friday and returns from Albany on the alternate days.
MENTIONED IN THIS ARTICLE
Hudson
People’s Line
Dean Richmond
Co. W. Morse
Adirondack
New Fok
Albany
New York
Aly
Bethlehem Steel switches executives and Nile boats planned
FE Mclivaff resigns as Bethlehem Steel president with Archibald Johnston named president while H Snyder becomes vice president and B H Jones advances to secretary treasurer. A Nile Steamship Company launches two new river boats, Exyjees, to run Luxor to Assouan in twelve hours, in connection with the International Sleeping Car Company. Passengers booked for winter include Warren and Purdy families and Rev John McAtee among others.
MENTIONED IN THIS ARTICLE
Bethlehem Steel Corporation
FE. M. Mclivaff
Archibald Johnston
H. &. Knyder
A. E. Yor
B. H. Jones
NILE
Oscar Ems
Wea
Exyjeees Nile Steamship Company
Luxor
Assouan
International Sleeping Car Company
Marsh Warren
New York
William T. Purdy
John T. McAtee
Philadelphia
W. HH. Warner
Cleveland
H. C. Francis
Arsibie
Justice Newburger Appoints Hart Receiver in Suit
Supreme Court Justice Newburger yesterday appointed Milton Hart receiver for the Pharmacists' Manufacturing Company in a case brought by judgment creditors Frank M. Prindle & Co. for 762 dollars.
MENTIONED IN THIS ARTICLE
Justice Newburger
Supreme Court
Milton Hart
Pharmacists’ Manufacturing Company
Frank M. Prindle & Co
Rapid Transit Commission Rejects Third Track Plan
The Rapid Transit Commission voted to reject Interborough Rapid Transit Railway Company's proposal for elevated third tracks in Second and Third avenues. After hours of testimony from supporters and opponents, the committee listed that the plan is dead for years while urging improvements to subways and municipal control over future transit extensions.
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 Civic Club
Interborough Company
East Side
Demand for Hudson River Bridge Awakens Public Support
The New York and New Jersey Interstate Bridge Commission announced rising public interest in bridging the North River. Chairman McDougall Hawkes said the panel requested subway route maps to aid site selection, while stressing no site decision had been made. Erie Railroad, Public Service Corporation of New Jersey, and other railroads voiced support for a bridge.
MENTIONED IN THIS ARTICLE
Lillian Ward
Allen Street
Isaac Weinstein
Bronx
James 5. Lehmaier
Lawrence Veiller
New York and New Jersey Interstate Bridge Commission
North River
McDougall Hawkes
Board of Rapid Transit Commissioners
Bridge Commission
Hawkes
Erie Railroad Company
Public Service Corporation of New Jersey
Five-Car Trains On Brooklyn Bridge Trial Starts
Chief Engineer C. M. Ingersoll reports to Commissioner Stevenson that a method allows five car trains over the Brooklyn Bridge instead of four. With Brooklyn Rapid Transit Company cooperation the new system began last week, signaling a major expansion of transit capacity.
MENTIONED IN THIS ARTICLE
Mr. Ingersoll
Brooklyn End
Brooklyn Rapid Transit Company
Ingersoll
C. M. Ingersoll
Bridge Department
Stevenson
Brooklyn Bridge
Subway Conduit Case Denied in New York Court
Supreme Court Justice Bischoff denied the mandamus sought by the New York Electric Lines Company to compel William B. Ellison to grant permission to lay subways beneath city streets. The court held the franchise altered by law cannot support a right to operate its own subway system, while options include seeking street accommodations or appealing the decision.
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 Draws Summer Tourists
The full tide of summer travel to Saratoga Lake George and the Adirondacks via the Hudson River has set in. The steamer City of Troy and Saratoga of the Troy Line leave Pier 46 North River daily except Saturday and are booking many tourists. Connection is made at Trey with express trains for the resorts.
MENTIONED IN THIS ARTICLE
Saratoga
Lake George
The
Adirondacks
Hudson River
Troy
Troy Line
Pier 46
North River
Trey
American Car and Foundry Reports Gains for Year
American Car and Foundry Company announces net earnings for the year ended April 30 rising by 184 279 with an extra 714 739 in rentals repairs and new construction and 850 000 in dividends, yielding a final surplus of 1 357 660 and a 829 542 gain over 190. Working capital stood at 14 650 13 as of April 3. After preferred dividends and charges the common stock yield was 4 52 percent, up from 1 7 percent last year. At the annual meeting the retiring board was reelected except J L Smyser, replaced by C R Woodin. Detailed earnings follow.
MENTIONED IN THIS ARTICLE
American Car and Foundry Company
J. L. Smyser
C. R. Woodin
Reading Company May financial results show mixed earnings data
The Reading Company and its subsidiaries report May figures including receipts, expenses, and net income for the Railway and Coal and Iron Co divisions. Highlights include substantial total receipts and varying net earnings across the Railway Co and Coal and Iron Co, with overall surplus and property, taxes, and maintenance figures noted.
MENTIONED IN THIS ARTICLE
Reading Company
The
Philadelphia & Reading Railway Company
Philadelphia & Reading Coal and Iron Company
Ad Co
BarBlUs Fe Ossey
Railway Co
Foal & Iron Co
Bank of England and France Weekly Reserve Reports
London reports a fall in reserve ratio with circulation up by 414,900 and bullion rising. Government securities unchanged and discount rate steady at 3 percent. France shows notes in circulation up 21.2 million francs, treasury deposits rising 45.15 million, general deposits up 74.425 million, and bills discounted increasing 96.825 million.
MENTIONED IN THIS ARTICLE
London
Bank of England
Aris
Bank of France
Treasury report details reserve funds and deposits
The Federal Treasury report shows reserve funds, trust funds for redeeming outstanding certificates, gold coin and silver dollar tallies, general fund, deposits in national banks, Philippine Treasury rebars, and current liabilities totaling 99 519 248. The June 28 figures list cash and coin values alongside payable obligations and awaiting reimbursements.
MENTIONED IN THIS ARTICLE
Cob
Wito
Wang
Philippine Treasury
Cor Peccewn Ee Nae
Stock values recover after early weakness
Early weakness gave way to sharp advances in stocks, led by railroad shares and other speculative issues. Widespread expectation of renewed gold imports grows as $5,000,000 will arrive in London next Monday, raising the possibility that New York bankers may secure a portion of the sum.
MENTIONED IN THIS ARTICLE
London
New York
Boston Stocks Hit Record Daily Total Sales
Boston markets report 4,216,808 total sales for the day. Callate.
MENTIONED IN THIS ARTICLE
Callate
Stock Market Operations Reflect Mixed Day On Wall Street
Early trading saw declines across many stocks with losses over 2 percent as long accounts liquidated and professional traders pressed prices. Support at the lows sparked buying by shorts, lifting active issues, while readings on rates and expected congressional adjournment buoyed sentiment though participation remained weak.
MENTIONED IN THIS ARTICLE
Stock Exchange
Washington
Congress
American
Brooklyn Rapid Transit
Colorado Fuel
St. Paul
Interborough Metropolitan
Northern Pacific
Southern Pacific
Union Pacific
United States Steel Common
Reading
Lawson
Boston
Boston Wizard
Wall Street
Time Department
Market for American securities weak in London trading
The London market closed weak with late quotations showing mixed figures across major U.S. railroad and industrial stocks. Notable levels included Atchison 91% and U S Steel around 35% with frequent small shifts. foreign money rates showed call money at 2% and discount rates around 3% in short and long bills.
MENTIONED IN THIS ARTICLE
London
Amercan
London YY
Atchison
Canadian Pacifi
St. Paul
Onseen
Illinois Central
Louisville & Nashville
New York Central
Pennsylvania
Reading
U. S. Steel
Southern Pacific Union Pacific
Money Market and Foreign Exchange Report Summary
The market opened with money on call at 3.4 percent, peaking at 4.4 and closing near 3.6, with time money quoted up to 5 percent for long terms. Foreign exchange closed weak with varied bankers posted rates, while domestic exchanges show New York, Boston, Chicago, and other cities tracking notable clears and balances. Government receipts for the day totalled 2.83 million, with month-to-date receipts at 49.31 million and a fiscal-year excess of 2.06 million. The Sub-Treasury remained creditor to the Clearing House at 254,540.
MENTIONED IN THIS ARTICLE
Sri
Reichsmarks
Germany
St de France
Belgium
Switzerland
Holland
Ny Domestic Exchange
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
Halsey & CO
BCNDS
Aterest
Wall ST
San Francisco
Pine St
C. H. Venner
Bankers
Northwestern
Schmidt & Gallatin
Rector
Broadway
Pfaelzer & Co. Bankers
Broad Street
Fulton Trust CO. of
Nassau St
Tribune
Betwee
Betwee and Sth Aves.; 263 West 125Th St.; 1538 St Ave., Between 76Th
77Th
Giet St
Ist Ave
89Th Et
128Th St
Tremont Ave
4Iet St
Bleecker St
Teutonia Insurance Company
Louisiana
United States
Otto Kelsey
Esid
Otto
Bethlehem Steel
NEW American Line
R. T. Commissioners Act
Belmont
Ninth Avenue
Christopher Street
Chatham Square
McGowan
Orr
Erie
Railroads
Telephone Company
American Car & Foundry Report
S. Em
Aee Bes
Foreign Bank Returns
Federal Treasury
Treasury
Norfolk & Western
Anaconda Do
Ontario & Western
Baltimore & Ohio
Canadian Pacific
Chesapeake & Ohio Sry
Do Ist
Cate Great Western
Chic Mil & St Paul
Southern Railway
Beerseben
Denver & Rio Gr
Southern Pacift
States Steel
Tabash Way
Louis @ Nath
sTocgy
Shorts
Sterling Exchange
Bia
Adams Express
iAlbany
SOP
Allis-Chalmers
Lan Car & Feary, Ao
Senate
Amer Dist ‘Tel
Hide & L
Allis-Chal Co
Kana & Ia
Amal Copper
Kan
Am Ag Chem
Amer
LE Wienesas
Amer Smelting
Cme
Am Steel
Mo Kan & Tex
Locom
Nash & Chi
Tel & Cable
Ames
Nat Biscuit
Hock Vest
Tel & Tel
tNat
E & St
Kan & Mich
Coast Line
Woo K CF
Art Coast Line
East & Ohio
North American
LE & W
Amer Pheu
Ty Northern Pac
Oea
Beth Steel
Pacific Mail
Pacific Coast
At&s
Brunswick
Aone
Prairie
Can
Peoria
East
Ms Inc
Peo
G &Can
Bklyn UN Gasan
R & Pitts
R R Securities
Ches & Ohio
Butterick Co
Rock Island
Canada South
Southern Pac
Hy Sen Bajo
Col Fuel & I
Eeceesaceres
Do . Fe
Aisaurane
SF Col & South
Saurane
West
Texas Pa
Penn
L & W Pf
Twin City RT
Anb
Det & Hudson
Union Pacific Ri
Ty den & Roe
Ry Invest
St P M&o
Bs S& Ares
U S
CC & St L
FM & Sm
South Ry
Elec
Lor & White O Us
U .S Steel
Eond
West UN
Consol Coal
Iowa Central
Wis Cent
tEx
Col &South
Denv & Rio
M & Ft
Japan
United
Aeco
Dist Securities Sas
Mex Cent 2d Inc
Sos & Ad
Yu Ny B & O
West Md
US Steel
City Gas
West Shore
Evans & TH
Bo Federal M & 3
Hical
Ace Havana
Hocking Valley
City South
Keok
Des
Stern
Louis & Nash
Manha Beach
el Ts
iMad Coal
Met Street
Ry Coal Oy
Michigan Cent
Les Leiters
Minn & St
Ata
Cific
Bey
Len Tria
Ast
Peo Gas & Oke
Mettsburg Co
Aod
RAF
Do M & O
al & Ir
SOO Texas & Pacific
Land Trust
KR R
Sat Ad
Fo & Wes
iTol Ry & Light
iTol St L& W
Twin City
LO Llte
Union Pag & Paa
Omen
Us Express
West Mary
Wells Fargo
West Union Tel
Aioe
Westinga Mfg
Wheel & LE
Wisconsin
R. L. Day & Co
Arcadian
Bost & ‘Albany
Boston Coal
Shannon
Bingham
Cal & Hecla
Fitchburg
Franklin
West End St Ry
Osceola
Butte
Wes &S
Wey
District of Columbia
Philippines
American Securities Abroad
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!