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This newspaper page contains 16 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Mar 10, 1908

Page

3

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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