Oriental Bank Liquidation Faces New Scrutiny in Court Fight
The Attorney General routed counsel for the Oriental Bank in a sharp skirmish over bank books showing alleged crimes. Temporary receivers Carnegie Trust Co and Henry Schneider faced questioning as district officials pressed for evidence for grand jury consideration. Justice O Gorman upheld the AG against a resettlement bid, while a stay appeal moved forward and a supplementary report was promised. Dickinson denied sending depositor letters or misusing Oriental records.
MENTIONED IN THIS ARTICLE
Oriental Bank
The
Oriental
Henry Schneider
Carnegie Trust Company
Jether J. Kresel
C. C. Dickinson
Cernesie Trust Company
Schneider
Kiesel
S. S. Menken
David McClure
Depositors’ Committee
Justice O'Gorman
Jackson
Mr. Jackson
Dickinson
Wordy War in Court Delays Kings County Case
In Brooklyn before Judge Fawcett the arraignment of Mindael Cohen and Charles Sunshine faced a heated clash between District Attorney Clarke and Edward M. Grout over venue and adjournment. The judge granted a one week delay and set bail at 6 percent of a specified amount, with Wilson Jenkins named as a surety amid arguments about oppression and investigations.
MENTIONED IN THIS ARTICLE
Brooklyn
Clarke
Edward M. Grout
Fawcett
Mindael Cohen
Charles Sunshine
Felce
Jenkin
Kings County
Grout
Istrict
Justice Scudder
Mr. Clarke
Bank Rioters Rally At Closed Williamsburg Firm
A Hebrew notice announcing the bank closure drew a crowd of about a thousand depositors to Mirrell Speisman and Steinberg at No 1 Graham Avenue Williamsburg. Demonstrators demanded action as police restored order. deposits were estimated between 30 000 and HGH while many held steamship tickets for relatives abroad.
MENTIONED IN THIS ARTICLE
Mirrell, Speisman & Pteinbere
Graham Avenue
Williamsburg
Mirrell
Speisman & Steinberg
Fim
Borage
Auerbach Ready to Testify Before Grand Jury
Herbert P Auerbach special investigator for General Jackson is in New York ready to testify before the grand jury about allegations by William R Montgomery former Hamilton Bank president that Auerbach acted as a go between in promises by Nathan Vidaver to suppress newspaper stories for 1000 dollars. Auerbach rushed from Hamlar Erie County when subpoena issued and the Vidaver case investigations may be postponed until police court hear tomorrow afternoon pending Magistrate Herrman. Friends say Vidaver may try to prove conspiracy upon acquittal and Jackson lauds Auerbach as a valuable investigator in suits against the Milk Trust and the Western Union Telegraph Company.
MENTIONED IN THIS ARTICLE
Herbert P Auerbach
General Jackson
New York
Willam R. Montgomery
Hamilton Bank
Auerbach
Nathan Vidaver
Hamfar
Erie County
Jerome
Vidaver
Herr- Man
Centre Street
Jackson
Awerbach
Western Union Telegraph Company
Milk Trust
Buffalo
Missouri Pacific Railroad consolidates Nebraska division offices
The Missouri Pacific Railroad continued its Nebraska division operations in this city and consolidated the work with Kansas City and Atchison offices. Omaha dispatchers and train masters, sixteen men in total, will be sent to various other posts.
MENTIONED IN THIS ARTICLE
Missouri Pacific Railroad
Nebraska
Kansas City
Atchison, Kan
Omaha
Illinois Central Stockholders to Meet May for New Finance Plan
A special Illinois Central Railroad stockholders meeting is set for May 18 to discuss a financial plan replacing a $30,000,000 equipment trust bonds issue with another security issue. The plan aims to buy Central of Georgia and settle Illinois Central’s floating obligations around $30,000,000. Wall Street watches the Central of Georgia price amid Harriman’s control and a May meeting expected protests from Hartford Boston and European stockholders.
MENTIONED IN THIS ARTICLE
Illinois Central Railroad Company
Central of Georgia
Mwlinois Central
Wall Street
Harriman
Southern Railway Company
Hartford
Boston
Illinois Central
Central
Georgia
Protective Committee Formed For Western Maryland Bondholders
William Harrity Edward L. Fuller George Cator Fairfax S. Landstreet and Richard Sutro organize as a protective committee for Western Maryland Railroad stock and general lien bond holders. O H Smith is secretary Samuel Untermyer named counsel The Bankers Trust Company New York acts as depository Landstreet and Fuller are directors Landstreet formerly vice president of the road Frederick T Gates and Henry E Cooper join the convertible bondholders committee led by Alvin W Krech
MENTIONED IN THIS ARTICLE
William Harrity
Edward L. Fuller
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 announced the appointment of F B Wetherill J C Courty and J N Howard as receivers of Kanawha Lumber Company of South Carolina. Bond fixed at $15 each. Pritchard traveled from Asheville to Richmond visiting the Capitol and meeting with Secretary Taft and Senate colleagues.
MENTIONED IN THIS ARTICLE
Washington
Pritchard
F. B. Wetherill
J. C. Courty
J. N. Howard
Kanawha Lumber Company of
South Carolina
Virginia
Asheville
Richmond
Capitol
Senate
War Department
Taft
The American Foundries Plan
A committee member discussed plans to readjust the capitalization of American Steel Foundries to reflect actual value. The plan aims to reduce capitalization to a level enabling regular dividend payments, with the committee asserting it benefits stockholders and involves no syndicate or private compensation.
MENTIONED IN THIS ARTICLE
American Steel Foundries Company
American Steel Foundries
Rumors of Massive Steel Merger Reach Wall Street
Rumors from Sheron Pennsylvania claimed a major steel merger involving the Ohio Iron and Steel plant at Lowellville. The talks centered on Youngstown Sheet and Tube Company, which has acquired Morgan Spring in Struth, and was said to be negotiating for additional plants between Lowellville and Youngstown, Ohio.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Wall 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
Bondholders' committee debates a plan to form a new company to acquire all assets and subsidiaries of Southern Steel, with $2.5 million cash raised by a $19 per share assessment on common and preferred stock. Outstanding mortgages total $2.47 million. Proposed new securities include $5 million of 5 percent two year gold bonds and $5.9 million of 6 percent cumulative first preferred stock plus $10 million common stock.
MENTIONED IN THIS ARTICLE
Southern Steel Company
Debenture Stock Committee Formed For Chicago Great Western
At a February 26 London meeting of major Chicago Great Western Railway debenture stockholders a separate protective committee was formed. Robert Fleming chairs. members include Stanley Boulter Walter Cunlife L. Wieder and Henry A Vernet. The group will act if required by owners of a large share of stock in England, with a majority pledged pending further replies.
MENTIONED IN THIS ARTICLE
London
Chicago Great Western Railway Company
Robert Fleming
Stanley Boulter
Walter Cunlife
Bank of England
L. B. Wieder
A. Keyser & Co
Henry A. Vernet
Robert Menson & Co
England
Markets Show Mixed Cables Rises and Corn Gains Amid Data
The market notes varied with Budapest up 1 percent on crop prospects while Liverpool and Paris fell, wheat and corn shifting on futures and government crop totals. No 2 red and No 1 Northern Drupal prices cited. corn closed modestly higher as oats and barley stayed muted. London and New York prices for metals and oils mixed with sugar and molasses firms and pork and beef markets steady amid large grain receipts.
MENTIONED IN THIS ARTICLE
Budapest
Liverpool
Paris
Herlin
Antwerp
Broomhall
Northwest
New York
Lule
Chicago
St's
London
Standard
Cleveland
Northern
Rd White
Philadelpbis
Calcutta
Coffee and Cotton Markets Edge Through Quiet Trading
New York March 9 1908 coffee market quiet with 12700 bags traded and May for March 85 points. spot prices steady to down 5 points amid little fresh sentiment. Cotton market not active but steady with gains and a bullish tilt eyed. futures up to 12 points at intraday highs, then receded but closed near session tops. Local spot prices firm with middling upland around 11 53 cents and Gulf 11 80 cents. Reports note mixed southern spot markets and caution among shorts amid ongoing bull and bear activity.
MENTIONED IN THIS ARTICLE
Eagle Ib
A. Sc
Cuba
McCahan
Philadelphia
Porto Rico
London
Toledo
Timothy
Allike
New York
Europe
Havre
Hamburg
Santos
Rio
United States
Rio No 7
Cape
Victoria
Germany
Eane Cot
Shorts
Wall Street
British Board of Trade
Ellison
Bull Clique
Georgia Mills
Texas
Saturn
Gulf
Savannah
Augusta
St. Louis
Little Rock
Norfolk
Baltimore
Galveston
New Orleans
Charleston
Wilmington
Houston
Liverpool
Manchester
Fea
New York Produce Exchange
Powell and associates win Yukon dredging lease deal
T C Powell of the Southern Railway Company and partners secured a Canadian government lease granting exclusive dredging rights to five miles of the Teslin River in Yukon Territory. January output from Camp Bird mill: 31 days, 7111 tons processed yielding 6744 oz bullion and 599 tons concentrates. sales totaling 135043 with net product profit of 77340. Ore values range from about four to twenty dollars per ton across Tonopah and Montana mines.
MENTIONED IN THIS ARTICLE
T. C. Powell
Southern Railway Company
Teslin River
Yukon Territory
Canada
Powell
Teslin
Camp Bird
Outside Securities Market Report Steady Tone With Narrow Range
Market for outside securities showed a steady tone with a generally narrow price range. Cumberland-Ely traded broadly within fractions, Butte Coalition and Boston edged higher, United Copper weakened on limited offerings, Silver Queen and Montezuma rose slightly, Goldfield stocks firm, and Standard Oil surged on light buying to 515. Havana Commercial preferred rose, Chicago Subway gained, Bay State Gas in fair demand as bonds remained 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
Bay State Gas
Bat Fc State Gas
Consol Steamship
Manhattan
Butte Coalitionis le Butte & N
Ariz Smett
Davis-Daly
Giroux Mining
Kendall
Cananea
McKinley- Ae
Utah
Ipissing M Co
North Butte
Hill
Montana
United Co ‘Op
Unitet Rico
Tsl&w
Also Mentioned on This Page
Fice
Jenkins
Widever
Missouri Pacific
I. C
Georgia Line
Western Maryland Committee
Lumber Company
American Foundries Plan
Southern Steel
C.G. W
Alb & Susq
Hart & Conn W
Vermont
Jill Cent
Iss J Joliet & Chic
Am Tel & Cable
Atlegh & West
Iilsnar
At & C
la & Mo Riv
Little Miami
Aug & Levi Sewell & and
Avon Ga
Beech Creek
Berkshire
Breech & & FF
Morris
Essex
Bost & Albany
Nash & Decatur
Bost & Lowel
Nashua
Low
Bost
J Trane Co
A Bway & 7Th
Y & Hernem
Brooklyn City
NYL& W
Cem & BR R
Ninth Ave Rr Catawist
North Carolina
Cayuga & + NN & Rk
North Penn
Pat & Ramapo
Peoria
Iso Cone & Ports
Phil
Trenton
C & Pes
Conn Riyver
Dei
Ed Brk
Det Hills
Pitts Pro
MV & C
East Penn
Mahanoy
Southwest
Franklin Tel
Twenty-third
Njir R&r
Gold & Stk
Utica Clin & B
GRE & B Co
Utica & Elk Riv
Goshen & Dec
Grand River
van Schaick & Co
United Railwa
Nort Ry & L Ss
Gb& VT
Light & P
Ines
Chas City
Bet Seaboard
iChag
Nat Bank
Fidelity & Dep
Nor Cent Ry
West
India
South America
Brazil
Oleo
Japan
Patna
Rangoon
Bassein
Wrens
General Market Report
Tonopah
New York City
Jersey City
Hoboken
Staten Island
Use Association
Inc
Banks & Trust Cos
Jackson Gas
Kan City Gas
Lafay Gas
Log
Bingham Gas
Buffalo Gas
Mutual
PEG
Ind
Paterson & Pas
Denver Gas
Sd Sao Ss
St P Gcm
Fort W
Lst
St & Tr
St Paul Gas Sa
ING & Oss
Syra
St & P
Indianapolis
Chicago Great Western
DETROIT _UN
Mobile
Grand Trunk System
Grand Trunk OF Canada
Grand Trunk Western
Detroit
Grand Haven
Milwaukee
Canada Atlantic
Minneapolis
ST. Paul
Sault Ste. Marie
Delaware, Lackawanna & Western
Syracuse
Binghamton
Sidha
NY &Er
Ao Loth & Td
Cogne
Munich
Saxony
Soo
Outside Securities
Industrial
Charles D. Barney & Co
Broad Street
South 4Th Street
Philadelph
Am Cement
Lehigh Val R R
Marsden
Cambria Steel
Phila Co
Elec St Bat Co
Penn R R
Elec Co
Penn Steel Co
Fairmount Trac
N Do
Phila Lee Co
Phila Rap Tr
Ins Co
Union Traction
Lake Sep Corp
UN Gas Imp Co
Ase
Lehigh
Welsbach Co
Phila Elec
Elec & Peo
Mydo
Atlantic City
Dennis
Walter J. Buzby
Warlborough- Blenheim
Elegan
Ameria
Jupean Plana E & Sons
Traymore
N. J
Traymore Hotel Company
CHAS
Marquette, D
Wwhitke
Wrectiene
Haddon Hall
Ilinustrated Literature
Leeds
Lippin
Holmhurst
T. c
Henry Darne
Morton Virginia Ave
Heach
Capa City A
N. R. Haines
Chalfonte
Leeds Company
Seaside House
Ocean Front
P. Cook & Son
Monticello Avenue
Nea
Akewood
Lakewood
Carte Blanche
James N. Berry
Laurel House
A. J. Murphy
Vw. P. Simpson
Laurel-In-The-Pines
Frank F. Shute
Lake Wood
Palmer House
Main St
East Orange
N. J S
Grovest Station
Messer
Briarcliff Lodge
Briarcliff Manor
Plumer
Virginia Hot Springs
Aiese
Fred Fry
America
ST. Gorge
Hexgrises
Washington, D
St Augustine
Fle
Ocklaweha River
Palm Beach
Fulton
Ign
Hendrickson