Buyers Flock to City Amid Conservatism in Trade
A surge of buyers from across the region visited Merchants' Association rooms as wholesale lines cut rates on trunk routes. Despite bank failures and warnings of hard times, the mood was cautious yet optimistic, with many aiming to buy only essentials to meet steady demand in dry goods and millinery.
MENTIONED IN THIS ARTICLE
Merchants’ Association
Pennsylvania
St. Louis
Chicago
Pittsburg
New York
Knickerbocker Trust Names New Directors in Board Shakeup
The Knickerbocker Trust Company elected new directors yesterday at 2 AM from the old board in Julien T. Davies office. Selections followed a request by voting trustees Henry C. Frick, Meron T. Herrick and Lewis Cass Ledyard. The 31 members may shrink to 15. Hinehill Parsons of General Electric chairs the depositor committee. Herbert L. Satterlee, Morgen’s son in law, aided the committee. J Meruce Marding sits with Charles D Harney & Co and directs Windsor Trust and Philadelphia’s Corn Exchange National Bank. Russell Soler forecast a March 36 reopening and said a full board would be named soon.
MENTIONED IN THIS ARTICLE
Inedill Parsons
Herbert L. Satterlee
J. Horace Harding
Knickerbocker Trust Company
Julien T. Davies
Henry C. Frick
Meron T. Herrick
Lewis Cass Ledyard
Hinehill Parsons
General Electric Company
Herbert L. Satteriee
J. P. Morgen
J. Meruce Marding
Iki
Charles D Harney & Co
Preed Street
Windsor Trust Company
Corn Exchange National Bank
Philadelphia
Russell Soler
Crucible Steel Directors Pass Preferred Dividend
Pittsburg dispatches report Crucible Steel Company directors have passed the quarterly dividend on preferred stock due to unfavorable trade conditions. The cumulative dividend stands at 9 percent, with 19 percent overdue since incorporation in 1900. In the depression era, dividends were skipped in 1907 and 1908, with $24,436.40 of preferred stock outstanding. Six months ended February 29 show net profits of 172.9 million, but four months of that period carried a loss of 25.99 million. Depreciation charges of 8 million reduced surplus to 1.94 million, leaving a deficit of 456,524 after dividends. Orders on hand February 3 totaled 76,621 tons, vs none on August 21, 1907.
MENTIONED IN THIS ARTICLE
Pittsburg
Crucible Steel Company
Od Company
Western Maryland Committee Seizes Control of Bonds and Stock
The Western Maryland Railroad Company general mortgage and convertible bond holders, led by chairman Richard Sutro, claim control of over half the bonds and about a third of the stock, with promises of more support. Securites may be withdrawn without charge under any reorganization plan. An application will be made to the New York Stock Exchange to admit deposits for quotation.
MENTIONED IN THIS ARTICLE
Western Maryland Railroad Company General Meg
Richard Sutro
New York Stock
Mining Notes on Silver Queen and Nearby Mines
Diamond drill work pushes Silver Queen main shaft to greater depths while Cobsit Central and Bis Pete properties deepen their shafts. New veins found at surface near Big Pete and Kerr Lake reserves show potential, with one vein twenty five inches wide and rich silver outcrops described. United Bien Mines installs electric drill pipeline at Shamrock lead mine for magnetic separation milling Atlantic Cable mill. Buffalo Mines declares quarterly dividend of 3 percent payable April 1. books close March.
MENTIONED IN THIS ARTICLE
Silver Queen
Cobsit
Iso
Bis Pete
Big Pete
Kerr Lake Crown Reserve
Camp Aeae
Es Bonanza
Nipissing
John A Streets
Ely
United Bien Mines Company
Atlantic
Aeady
The
Buffalo Mines, Limited
D L Dresser Arrested Over Shipbuilding Bonds Case
Daniel Leroy Dresser, ex-president of the Trust Company of the Republic, was arrested at Wall Street on a warrant alleging misappropriation of 4000 dollars in 1903 relating to drafts for Brigham Young promoter John W. Young and the United States Shipbuilding Company. The case ties to a 600000 dollar suit and a loan交易 dispute.
MENTIONED IN THIS ARTICLE
Daniel Leroy Dresser
Trust Company of the Republic
No. 1
Wall Street
William S. Andrews
No. 399
West 105Th Street
Dresser
John W. Young
Utah
Brigham Young
United States Shipbuilding Company
Barlow
Tombs Court
Mr. Andrews
Old Shipbuilding Trust
Andrews
Mr. Dresser
Shipbuilding Company
Young
Paris
Mr. Young
Baron Oppenheim
Shipbuilding Trust
New York
Wooldridge
Police
Treasury Aide Resigns to Lead New Amsterdam Bank
Washington reports J H Edwards Assistant Secretary of the Treasury resigns to accept the receivership of the New Amsterdam National Bank of New York. L A Coolidge confirmed by the Senate will take charge. Edwards had considered offers from New York institutions but chose to lead the bank to reopen amid financial stringency.
MENTIONED IN THIS ARTICLE
Washington
J. H. Edwards
the Treasury
Department
L. A. Coolidge
Senate
Corteliou
Edwards
Orders Blanket Receivership For Western Maryland Railroad
Judge Morris in federal court extended the receivership to cover all property and assets of the Western Maryland Railroad. The order names B F Bush as receiver and bars interference with, sale, attachment or disbursement of assets. Bowling Green Trust Co of New York filed the petition. judgment by confession against the railroad for 2599 dollars was obtained.
MENTIONED IN THIS ARTICLE
Tribune
Baltimore
Morris
United States
W Day
Western Maryland Railroad
B. F. Bush
Bowling Green Trust Company of New York
Ee Supreme
State OF New York
County of New
County of York
Trust Company of America
August S Chaver
Mary Schager
Mary
Io Plaintif
Sel L. Kaye
George Keiler
Megine Keller
Lous
Lincoln Wescott
Plaintif
Post Office
County of New York City
Clerk of the of New York
A. Lincoln Wescott
Piminitis
Broadway
Soerough Manhatans
New Yor City
Copper prices rise on local metal exchange
All grades of copper metal advanced at the local Metal Exchange yesterday marking the fourth increase in ten days. Lake copper was quoted at 12 1/2 cents, electrolytic at 12 1/2 to 13 cents, and casting at 12 1/2 cents per pound amid reports of sales at 13 cents.
MENTIONED IN THIS ARTICLE
Lake
Soo Line Boosts Dividend and Declares Preferred Payment
Directors of the Minneapolis St Paul and Sault Ste Marie Railway known as the Soo line raised the common stock dividend from 2 to 3 percent and declared a 4 percent semi-annual payment on the preferred. The common has yielded 4 percent yearly since 1903 and is controlled via stock ownership by Canadian Pacific Railway. The common closed at 1 1/2 in Toronto.
MENTIONED IN THIS ARTICLE
Montreal
Minneapolis, St. Paul
Canadian Pacific Railway Company
Toronto
Multiple Regional Financial and Labor Events Reported Today
Chicago Mining and Stock Exchange votes to cease operations and divide treasury funds among members after a year of losses leaving about $6,000 on hand. Baltimore oversubscribed $2,000,000 stock issue, bids from New York and other cities. prices ranged 101.05 to 105. Chicago railroads store large coal stocks amid anticipated miner strike within three months. St. Louis Anheuser Busch bottlers strike in solidarity with discharge of 450 drivers. 130 freight handlers may join. Lewistown Montana opens train service to bring Judith Basin closer to Eastern markets. Barre granite cutters strike shows no quick settlement as negotiations continue with 3,000 cutters and 700 quarrymen on strike.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Mining and Stock Exchange
Treasury
Pro Tata
Exchange
Baltimore
Tock
New York
Boston
Wilmington
Del
Deasers
Lewistown
Mont
Judith Basin
Montana
Harlowton
Lombard
Chicago, Milwaukee & St. Paul Railway
Barre
Montpelier
Interborough Metropolitan seeks 55 million mortgage for 20 million bond issue
The Public Service Commission held the first hearing on Interborough Metropolitan Company's plan to mortgage its property for 55 million to secure an immediate 20 million bond issue and a possible 25 million future issue for equipment or property. Counsel Wickersham outlined the petition. auditor Gaynor testified about capital outlays and operating receipts.
MENTIONED IN THIS ARTICLE
Interborough Metropolitan Company
Public Service Commission
George W. Wickersham
Tribune
Lst
Manhattan Railway Company
Wickersham
Edward F. J. Gaynor
Wiliam M. Ivins
Gaynor
Interborough Metropolitan
Rapid Transit Construction Company
Brooklyn
Bond and Mortgage Guarantee Co elects Belknap president
At the annual stockholders meeting last week Walron P Belknap was elected president after Charles S Brown declined re election. John L Sherwood became secretary while other officers were reelected. The annual report notes a strong year with mortgage business weathering the late 1907 strain and capital stock surplus and profits totaling 6 003373220.
MENTIONED IN THIS ARTICLE
Bond and Mortgage Guarantee Company
Charles S. Brown
Walron P. Belknap
John L. Sherwood
Non-member Bank Averages in New York City Area
The weekly statement lists averages for banks in New York City, Brooklyn, Jersey City, Hoboken, and Staten Island that do not belong to the New York Clearing House Association but clear through its members. It outlines the general figures for deposits, loans, and other key indicators as reported by non-member institutions.
MENTIONED IN THIS ARTICLE
New York City
Brooklyn
Jersey City
Hoboken
Staten Island
New York Clearing House Association
Otis Elevators Year Shows Record Business and Profit
President W. D. Baldwin reports the year as the largest in company history in both volume and net profits. Uncompleted work from prior year and higher IMZ sales boosted inventories while current liabilities fell by about 70 000 in early 1908. The plant account declined by 170 670 as property value was written down to a figure near 600 000 from prior values, yet the plant value remains close to 192 9 despite several millions spent on improvements.
MENTIONED IN THIS ARTICLE
W. D. Baldwin
IMZ
Baldwin
Great Northern Iron Ore Trust Receipts and Disbursements
Trustees of the Great Northern Iron Ore Properties issued a year end statement for the first fiscal year ending December 7, 1907. Total receipts were 1,660,000 with 67 spent on administration and 1,500,000 distributed to certificate holders on September 16, 1907, leaving undistributed income of 82.20. On February 1, 1908 trustees collected dividends to be applied under the trust terms to 1,500,000.
MENTIONED IN THIS ARTICLE
Great Northern Iron Ore
Diamond Match Company profits and patent reductions noted
Production in value of pine lands and stumpage, 7 5 407, and reduction in patents, rights, trademarks, etc., 917 370. The net profits, 22 % 75, are equal to 144 percent earned on the 16,000,000 capital stock.
Bankruptcy Petitions in U S District Court Names Several Firms
Involuntary petitions against Sragan & Miller cloak makers and Grosowsky Brothers grocers, with claims ranging from hundreds to thousands dollars. Voluntary filings include Frederick Forster and Atlantic Wine and Grocery. Debtor Deublein linked to prior firm Reitwiesner Deublein Prause. Colonial Tobacco Company also cited. Receivers named and several discharges granted to listed individuals.
MENTIONED IN THIS ARTICLE
United States District Court
Sragan & Miller
Prince Street
Imperial Braid Company
William Henkel, Jr
Grosowsky Brothers
East Broadway
S. Brian Brothers
Frederick Forster
First Avenue
Isadore Cohen
Atlantic Wine and Grocery Company
Columbus Avenue
Therry Brothers, Grocers
Madison Street
Commercial Olive Oil
George Deublein
East 155Th Street
Deublein
Reitwiesner, Deublein & Prause
Colonial Tobacco Company
Third Avenue
Montauk Cigar Company
Markets Soon Firm as Cables Rise and Corn Sags
The market reports firm oats and corn with a quiet tone as buyers step in while wheat weakens. Copper and tin rise in London with local markets firm. sugar and molasses hold steady amid steady demand. Provisions stay steady with large hog receipts and cautious packing demand.
Quiet Market Report on Coffee and Cotton Prices
New York March 16 1998 market bulletin notes a very quiet coffee session with only 7000 bags traded and dull prices. It records mixed results across Havre Hamburg and Brazilian markets, ports receipts, weekly deliveries, and stock changes alongside detailed price ranges for Rie No 7 and other futures. Cotton shows irregular activity with near months higher on covering and later positions weak from favorable South weather and bullish census expectations. spot markets varied across Southern ports while futures closed modestly up.
MENTIONED IN THIS ARTICLE
New York
Havre
Hamburg
United States
Rio
Europe
The
Cape
Santos
Germany
RPO Cares Ee
Wall Street
Bremen
Liverpool
Manchester
Gulf
Galveston
New Orleans
Wilmington
Mobile
Memphis
Houston
Savannah
Norfolk
Baltimore
Augusta
St. Louis
Iitse
Little Rock
Cotton Exchange
Mid-Upland
Bulis
Kansas
Oklahoma
Breemhall
Also Mentioned on This Page
NEW Knickerbocker Directors
Hinsdill Parsons
Crucible Steel
Western Maryland Committee
D.L. Dresser
Trust Company
New Amsterdam
National
Hudson Trust Company
Times Square
Mechanics and Traders’ Bank
New Amsterdam National Bank
Charles A. Hanna
National Bank
National Bank of North America
Frank W. Kinsman, Jr
Charles W. Morse
Telegraphic Business Notes
Inter-Met
Inc
Ethind
Otis Elevator
Otis Elevator Company
Holt
Frank J. Waldeyer
Charles Bulver
Louis Selig
Julius Strauss
J & W. Rothschild
Milne & Turnbull
Isaacson & Gardner
Pollack & Nathanson
Finkelstein & Kugel
Duluth
Snet
Besshy Stente
London
Lisike
Standard Foundry
Sys
Cleveland
Sls 3d
Northern
York
Calcutta
Kansas City
Omaha
India
King
Southmerica
Gee Guatinent
Brazil
Kees
Japan
Wes Ec Patna
Rangoon
Rassetn
A. Ce
Eagle Artows
Porto Rico
Federal Sugar Refining
General Market Report
Chicago Great Western
Georgia Southern & Florida
Toledo
ST. Louis & Western
Twin City
Bul Askea
Jackson Gas Ss
Kan
Lafay Gas
S &W
Bingham
Buffalo Gas
Mutual
St C
P&g C
Ohio & Ind G
Paterson & Pas
Denver Gas
St Paul
ING
Ferry Companies
Brooklyn Ferry
10Th
Tad St
Union Ferry
City Hotels
Hotel
Wellington
Seventh Avenue
Ssth Street
J. F. Champlin
Mar
Hendricks
Nealih
D. C
Aes
St Augustine
Tours & Plessure
Greater New York
City Hall
City of
George B. McLellan
Atlantic City
Dennis
Walter J. Buzsy
TRE
Traymore
Atlantic City, N. J
Kotel
Traymore Hotel Company
Marquette
Writite
Haddon Hall
Cchambers
Chalfonte
Leeds Company
Alen Hall
Nia Ave
Bea
N. J
N. R. Haines
Alias Atlant
Holmhurst
Rae Bore
Monticello
Ateas Erry
Neleding Se
Wile Pati
Gintaiet Na
Ana Pr
Lakewood
Laken
James N. Berey
Laurel House
J Murphy
Maraeger
D. P. Simpson
Laurel-In-The-Pines
Frank F. Shuts
Maracer
Lake Wood
Browns Mills-In-The-Pines
New Jersey
Penza
R. A
Browne N
Cambridge Ave
Tel
Alvord Urba
F. B. Alvord
Brick Church Station
East
Briarcliff Lodge
Briarcliff Manor
Plumer
Virginia
Virginia Hot Springs
Pullman ' S
Pringm
He Hotey Alphin
America
Buckee facDow Browne Peo
St.george
SSS
Roslatste
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!