Oriental Bank Fight Lets Attorney General Challenge Receivers
The Attorney General routed counsel for the Oriental Bank in a liquidation fight. District Attorney Kiesel sought evidence from Henry Schneider and Carnegie Trust temp receivers about alleged bank crimes. Justice O Gorman upheld the AG, denying a resettlement and ordering continued scrutiny of the receivership.
MENTIONED IN THIS ARTICLE
Oriental Bank
Oriental
Henry Schneider
Carnegie Trust Company
Jettler J. Kresel
C. C. Dickinson
Cemecie Trust Company
Schneider
Kiesel
Ss. & Menken
David McClure
Depositors’ Committee
Justice O'Gorman
Mr. Jackson
Justice O'Gormen
Dickinson
The
Wordy War in Court Over Venue and Fees
A Brooklyn County Court session featured a heated exchange as District Attorney Lathe and Edward M. Grout clashed before Judge Fawcett during the arraignments of Michael Cohen and Charles Sunehine on procuring false affidavits to influence a fair Kings County trial. Debates over adjournment and bail terms erupted, with Grout accusing the DA of oppression and Clarke replying with counteraccusations about past city frauds.
MENTIONED IN THIS ARTICLE
Brooklen
Lathe
Edward M. Grout
Fawcett
Michael Cohen
Charles Sunehine
Felce
Jenkinees
Kings County
Grout
Justice Scudder
Mr. Clarke
Wilson Jenkins
Riot at Sivas bank prompts Hebrew notice closure
A mob gathered at Mirrell, Speisman and Steinberg bank at 2M Graham Avenue Williamsburg after a Hebrew notice announced closure due to funds shortage. Police blocked the crowd as tensions rose, urging calm while depositors feared losses estimated around $30,000 to $60,000. Steamship ticket sales moved funds and many deposits tied to relatives in Europe.
MENTIONED IN THIS ARTICLE
Sivas
Mirrell, Speisman & Pteinbere
Graham Avenue
Williamsburg
Mirrell, Speisman & Steinberg
Eurage
Auerbach Ready to Testify Before Grand Jury
Special investigator Auerbach for General Jackson arrives in New York to testify about allegations by William R. Montgomery former Hamilton Bank president that Auerbach acted as a go-between in deals to stop newspaper stories about Vidaver investigations. Subpoena issued, delay planned, and police court hearings set for Centre Street with Magistrate Herr. Jackson praises investigators and notes Western Union milk trust probe in Buffalo.
MENTIONED IN THIS ARTICLE
P Auerbach
General Jackson
New York
William R. Montgomery
Hamilton Bank
Auerbach
Nathan Vidaver
Ham
Erle
Jerome
Vidaver
Herrin
Centre Street
Jackson
Western Union Telegraph Company
Milk Trust
Buffalo
Missouri Pacific Railroad consolidates Nebraska division offices
The Missouri Pacific Railroad Sey Ole continues its Nebraska division with the Omaha office consolidating work with Kansas City and Atchison offices. dispatchers, including sixteen men, will be reassigned from the Omaha office to various locations as the consolidation proceeds.
MENTIONED IN THIS ARTICLE
Missouri Pacific Railroad
Sey Ole
Nebraska
Kansas Co
Atchison
Illinois Central stockholders to meet May for new security plan
A special stockholder meeting of the Illinois Central Railroad is set for May 18 to consider a plan replacing earlier 30 million equipment bonds with a 39 to 50 million issue. The proposal would finance buying Central of Georgia and liquidate floating Illinois Central obligations near 30 million. European stockholders and committees from Hartford and Boston are expected to attend to oppose the Georgia takeover.
MENTIONED IN THIS ARTICLE
Illinois Central Railroad Company
Central of Georgia
Ilinois Central
Wall Street
Harriman
Southern Railway Company
Hartford
Boston
Illinois Central
Central
Georgia
Western Maryland stockholders form protective committee
William Harrity Edward L. Puller George Cator Fairfax S. Landstreet and Richard Sutro organize a protective committee for Western Maryland Railroad stock and general lien bondholders. O H Smith named secretary Samuel Untermyer counsel Bankers Trust Company depository. Officials deny design to oppose any party. Landstreet Fuller directors, Landstreet former vice president. Convertible bondholders’ committee adds Frederick Gates Henry Cooper.
MENTIONED IN THIS ARTICLE
William Harrity
Edward L. Puller
George Cator
Fairfax S. Landstreet
Richard Sutro
Western Maryland Railroad Company
O. H. Smith
No. 1
Broadway
Samuel Untermyer
Bankers’ Trust Company
New York
Untermyer
Landstreet
Mr. Fuller
Alvin W. Krech
Frederick T. Gates
Henry E. Cooper
Receivers Named for Kanawha Lumber Company
Judge Pritchard in Washington announced the appointment of F. B. Wetherill J. Courty and J. N. Howard as receivers of the Kanawha Lumber Company of South Carolina. Bonds were fixed at 15,000 each. Pritchard met colleagues in the Senate and discussed with Taft in the War Department.
MENTIONED IN THIS ARTICLE
Washington
The American Foundries Plan for capitalization readjustment
A committee member said sentiment grows for aligning securities with actual value when capitalization exceeds earnings. The plan aims to reduce American Steel Foundries capitalization to a level that allows regular dividend payments, developed for stockholders' benefit with no syndicate or private profits.
MENTIONED IN THIS ARTICLE
American Steel Foundries Company
American Steel Foundries
Rumors of Major Steel Merger Reach Well Street
Rumors from Sheron, Penn, claim a large steel merger is underway. The proposed deal would absorb the Ohio Iron and Steel plant at Lowellville into Youngstown Sheet and Tube, already owner of Morgan Spring at Struther, with talks for additional mills between Lowellville and Youngstown.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Well Street
Sheron
Penn
Ohio Iron and Steel Company
Lowellville
Youngstown Sheet and Tube Company
Morgan Spring Company
Struther
Youngstown
Ohio
Plan to reorganize Southern Steel Company faces bondholder vote
Bondholders committee weighs a plan to reorganize Southern Steel by creating a new company that would acquire all assets and liabilities of the old firm and its subsidiaries. The proposal calls for raising 2.5 million dollars via a 10 per share assessment on common and preferred stock and lists new securities including 5.4 million dollars of 5 percent first mortgage gold bonds and 5.9 million dollars of 6 percent first preferred stock among others.
MENTIONED IN THIS ARTICLE
Southern Steel Company
Debenture Stock Protection Committee For Chicago Great Western
At a February 26 London meeting of major C G W debenture stockholders a committee was formed to protect debenture interests. Robert Fleming chairs with Stanley Boulter Walter Cunliffe L S They be members of A Keyser & Co Henry A Vernet. The group will act if requested by owners holding a large stock in England. Responses indicate majority have pledged their stock.
MENTIONED IN THIS ARTICLE
London
Chicago Great Western Railway Company
Robert Fleming
Stanley Boulter
Walter Cunliffe
Bank of England
L. 8
A. Keyser & Co
Henry A. Vernet
Robert Menson & Co
England
Markets Segments Hold Firm in Provisions Trade
The provisions market opened firm and higher with general steadiness through the day amid some irregularity. Packers and commission houses bought on corn strength while Chicago receipts reached 43,000 hogs with 27,000 expected Tuesday. Kansas City and Omaha reported substantial hog movements. Pork, beef, lard, and dressed hogs held steady with assorted quoted ranges. Sugar refiners remained firm with extensive list prices and spot values fluctuating on wholesale duties. refined grades showed modest gains and market rumors circulated about large Cuba sugar sales and Porto Rico shipments.
MENTIONED IN THIS ARTICLE
Chicago
Kansas City
Omaha
West
India
South America
Brazil
Japan
Patna
Rangoon
Eastein
Cuba
McCahan
Philadelphia
Porto Rico
London
Toledo
Timothy
Allike
Budapest
Paris
Herlin
Antwerp
Compa
New York
Bulle
Vernmment
Lake
Tiglis Ua
Lonuen
IKON
Engish
Cleveland
Lisited
Northern
Ste New Orleans
Firmnnesa
Associated Markets
W York
Philadelpia
E. Lin
Calcutta
Gowl Point
Wall Street
Arts
British Board of Trade
Ellison
Bull Clique
Georgia Mills
Texas
Market Wrap March 9 1908 Coffee Cotton Grain
New York March 9 1908 The market reports a quiet coffee session with 12700 bags traded and May for March at 85 points. cotton prices rose modestly amid varied futures and domestic spot gains while grain futures closed mixed after a government crop report. Overseas markets showed mixed moves with Havre and Hamburg fluctuating and Brazilian and European activity noted alongside steady United States deliveries.
MENTIONED IN THIS ARTICLE
New York
Europe
Havre
Hamburg
Santos
Rio
United States
Rio No 7
Cape
Victoria
Germany
Mining Notes on Teslin dredging lease by Powell and associates
T C Powell vice president of Southern Railway Co and partners reportedly secured a Canadian government lease granting exclusive dredging rights to five miles of placer land on the Teslin River in Yukon Territory. January output from Camp Bird mill totaled 7 111 tons processed yielding 6 744 ounces bullion and about tons of concentrates with gross receipts of 135 048 dollars and net 77 340 after 57 798 in refits and expenses. The Tonopah mine area ore values are cited near 20 dollars per ton overall.
MENTIONED IN THIS ARTICLE
T. C Powell
Southern Railway Company
Teslin River
Yukon Territory
Canada
Powell
Teslin
Camp Bird
Outside Securities Market Report Notes Narrow Price Range
The market for outside securities remained on a fair scale with prices in a narrow range. General tone steady with minor reactions after early gains. Cumberland-Ely active, Butte Coalition firm, Boston up slightly, United Copper weak on limited offerings, Silver Queen and Montezuma up a fraction. Goldfield stocks firm, Daisy steady, Goldfield Consolidated flat. Standard Oil strong on light buys, up 25 points to 515, Havana Commercial preferred up 1, Chicago Subway up percent, Bay State Gas in fair demand. Bonds dull but steady.
MENTIONED IN THIS ARTICLE
Cumberland-Ely
Butte Coalition
Boston
United Copper
Silver Queen
Montezuma
Goldfield
Daisy
Goldfield Consolidated
Standard Oil
Havana
Chicago Subway
Bay State Gas
Also Mentioned on This Page
Clarke
Jenkins
Missouri Pacific
I. C
Georgia Line
Western Maryland Committee
Lumber Company
American Foundries Plan
Southern Steel
Ald & &Neg
Hart & Conn
Alo & Vermont Os
H & West
Iss
Soules
At & C
la & Mo
Little Miami
Aug & Sav
Lowell & and
Avon Ga
Beech Creek
Mahon Coal Pt
Berkshire Ae
F &Y
Jmorris & Essex
Bort & Albany
Nash & Decatur
Ake Bost & Lowel
Nashua
Low
Trans Conway & 7Th
Y & Hernem
Brooklyz City
Age Nyl
Ninth Ave
Cataw Ist
North Carolina
Imag
Cayuga & Susq
N & ER
North Penn
Chat’ Chee & G
Northwest Tel
Wwch & & Mlatts
Nor & War
Ogder Mine
Chris & 10Th St
Colony
Cleve & Pitts
Guswesu & Syra
Union Ca & Sens
Pat & Kamapo
Cancer & Moz
Peoria
U Vylie
Stech & Gen Vy
Erie & Kalam
Rwso
Erie & Pitte
Second Avenue
Imaig
Stath Avenue
Lau
South
Easa Ge
Southwest R
Twenty-third St
Frackiin Tel
Gold & Stk Tel
Utica Cin & B
GRE - EB Co
Utica & Bik Riv
Utica C & SB
Baltimore
van Schatck & Co
United Railway
Ky & L
Fia
Light & P
Chas City Ry
Seaboard A
Cent Trust
Union Trust
Third Nat Bank
Fidelity & Wep
Mary Ao
Nor Cent Ry
Gale
Tron
Nor
Lake Copper
Mente
General Market Report
Satur
Gulf
Mobile
Seles
Savannah
Norfolk
C. Eales
Augusta
St. Louis
Little Rock
Galveston
New Orleans
Charleston
Wilmington
Wales
Cotton Exchange
Liverpool
Egligt
Manchester
Kansas
New York Produce Exchange
Esterday
Tonopah
Tonopah Mining Company
Montana
Brooklyn
Jersey City
Hoboken
New York City
Staten Island
New York Clearing House Association
Inc
Ss So
Jackson Gas
Kan City
Latay Gas
Bait
Nes Log & W
Bingham G
Iso Butalo Gas
Onto
Ind
Paterson & Pas
Ao Denver Gas
Peau
Lt & P Ge
Indianapolia Gas
Hida Sas
Ny&er
Zid
Bs Union Ferry
Foreign Government
Contes Ualy Us C
Cologne
Nich
Hessian
Augsburg
Saxony
Outside Securities
Industrial
Ime
Consol Steamship
Manhattan
Standard Oi
Boston Copper
St Butte Coalition
Brit Col
Butte
I& le
Cobalt Central
Ariz Smett
Dolores. Limited
Davis-Daly
Dominion Copper
Foster
Douglas Copper
General Mines
Furnace Valley
Giroux
Kendall
Golden Tee
Greene-Cananea
Kenanas
Manhattan Ely
Expl
Ase
Miomac Mines
Bell Fining
McKinley
Dar
Evada Smelting
New-Utah
Nipissing M Co
North Butte
Orth Butte
North Star of G
Red Hill
Stewart Mining
Fon
Tonopah Belmont
Tonopay
Trethewey
Tri-Bultion
Tnion Mines
United Copper BS
Rico
Cloud M & Tt
Ees
I. Ca
Charlies D. Barney & Co
Broad Street
South Éth Street
Am Cement
Lehigh Vai
Ry C
Mars
Cambria Steel
Phila Co
Elec St Bat Co
Elec Co
Penn Ateel
Fairmont Tracil
Ins Co
Lake Supco
Union
UN Gas Imp Co
Lehigh N
Welsbach Co
Coany, Fe
Phila Filec
Chicago Great Western
Detroit United
Eg San
Mobile & Ohio
Indiana
Grand Trunk System
Grand Trunk OF Canada
Grand Trunk Western
Detroit
Grand Haven & Milwaukee
Canada Atlantic
Surpilus
Minneapolis
S&t. Paul & Sault Ste. Marie
Ito
Delaware
Lackawanna & Western
Ste
Syracuse
Binghamton
Atlantic City
Dennis
Walter J. Suzby
Warlborough- Blenheim
Ocean Front
Particulari
White
Plana
Mantacement
Josiah White & Sona
Traymore
N. J
Traymore Hotel Company
CHAS
Marquette
Ds&s
Haddon Hall
Leeds & Lipp
Ant
F. L Young
Holmhurst
Pennsylvania Ave
Beach
Ocean View
Traiia
Henry Darnell
Virginia Ave
MBS
N. R. Haines
Chalfonte
Leeds Compant
Seaside House
N. O
P. Cook & Son
Monticello
Kentucky Avenue
Ar Beach
Lakewood
James N. Beery
Laurel House
A J. Murphy
D. P. Simpson
Laurel-In-The-Pines
Frank F. Shute
Mills-In-The-Pines
New Jersey
East
York
Penna. R. R
Browns Mills
Omice
Cambridge
Ave
Palmer House
Main St
East Orange
Grove St
Messer
Proprieter
Briarcliff Lodge
Briarcliff Manor
Plumer
Virginia
Virginia Hot Springs
New Luoke
Fifth Avenue
Pennesylvania Raad
Fred Stefry
Bery
Thest.george
Hexbrisk
WEALI
Washington, D
St Augustine
Fin Ocklawdia
Palma
Deac
SON
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