Buyers Flock To City Amid Merchants Association Deals
A rush of buyers from western states Pennsylvania and beyond descended on the Merchants Association rooms as reduced wholesale rates on trunk lines drew customers from over one hundred miles away. Women predominated as they sought millinery and dressmaking supplies, with optimism masking fears of past bank failures. Buyers emphasized prudent, non speculative purchasing to sustain demand and maintain a solid financial stance for the year ahead.
MENTIONED IN THIS ARTICLE
Merchants’ Association
Pennsylvania
St. Louis
Chicago
Pittsburg
New York
Knickerbocker Trust elects new directors
Hinsdill Parsons Herbert L Satterlee and J Horace Harding were elected directors at a meeting of the old board in Julien T Davies office The new board will reportedly have fifteen directors Parsons a GE vice president chaired the depositors committee Satterlee is Morgans son in law Harding belongs to Charles D Barney Co Windsor Trust and Corn Exchange Bank Soler said reopening would occur on March 26 with a full board to be named soon
MENTIONED IN THIS ARTICLE
Hinsdill Parsons
Herbert L. Satterlee
J. Horace Harding
Knickerbocker Trust Company
Julien T. Davies
Henry C. Frick
Myron T. Herrick
Lewis Cass Ledyard
Hing@ill Parsons
General Electric Company
J. P. Morg
Morace Harding
Charles D Barney & Co
No. 5
Broadstreet
Windsor Trust Company
Corn Exchange National Bank
Philadelphia
J. Russell Soler
Crucible Steel passes dividends due to poor trade
Pittsburg dispatches report Crucible Steel directors have passed the quarter fly dividend on preferred stock amid unfavorable trade. The T per cent cumulative dividend remains overdue since incorporation in 19. Net six month profits were $178.98 thousand with a four month loss of $12.989 thousand and a large depreciation charge. Orders on hand February 29 stood at 76,621 tons versus 241,525 tons August 31, 1997.
MENTIONED IN THIS ARTICLE
Pittsburg
Crucible Steel Company
Sptember
Western Maryland Committee Seeks Bond and Stock Control
The Western Maryland Railroad Company committee chaired by Richard Sutro claims control of over half the bond issue and about a third of the stock with further support expected. Bonds may be withdrawn without charge if dissenting from a final reorganization plan. NYSE to consider admission of deposit certificates to quotation.
MENTIONED IN THIS ARTICLE
Western Maryland Railroad Company
General Ney
Richard Sutro
New York Stock Exchange
Mining Notes on Silver Queen Shaft and Big Pete Veins
Diamond drill testing on the Silver Queen shows extension to a feet depth while Central mines deepen the Big Pete shaft reaching 246 feet with four veins opened and No 5 newly cut. Surface vein discovery near Lake Perr and rich veins at No 2 resemble Nipissing bonanza. Ontario camp uncertain in permanency. United Rice Mines installs power pipeline for Shamrock lead zinc mine. Buffalo Mines declares quarterly dividend of 3 per share payable April to stockholders of record.
MENTIONED IN THIS ARTICLE
Cobsit
Big Pete
Perr Lake Crown Reserve
Bonanza
Nipissing
Ite A. Steels
Ely
Goca
United Rice Mines Company
Shamrock
Atlantic
Almady
The
Buffalo Mines, Limited
D L Dresser Arrested In Wall Street Case
Daniel Leroy Dresser once led the Trust Company of the Republic was arrested yesterday on a misappropriation charge involving $4,000 from January 1903. The case centers on bonds and drafts connected to John W. Young of Utah and the Shipbuilding Trust. Dresser was arraigned and paroled for March 23 for examination.
MENTIONED IN THIS ARTICLE
Daniel Leroy Dresser
Trust Company of the Republic
No. 1
Wall Street
William S. Andrews
No. 33
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
Edwards resigns as Assistant Treasury Secretary bank receiver named
Washington March 14 J H Edwards resigns as Assistant Secretary of the Treasury in charge of financial bureaus effective tomorrow L A Coolidge will take charge after Senate confirmation Edwards left to accept the receivership of New Amsterdam National Bank New York which suspended during the recent stringency Treasury officials seek to reopen the bank soon amid merger rumors with Hudson Trust and Times Square branch but obstacles persist Edwards to New York to assume New Amsterdam role bank examiner Charles A Hanna and former president Frank W Kinsman Jr mentioned in the note
MENTIONED IN THIS ARTICLE
Washington
J. H. Edwards
the Treasury
Department
L. A. Coolidge
Senate
Cortelyou
Edwards
Hudson Trust Company
Times Square
Mechanics and Traders’ Bank
New Amsterdam National Bank
New York
New Amsterdam
Charles A. Hanna
National Bank
National Bank of North America
Frank W. Kinsman, Jr
Charles W. Morse
Orders Blanket Receivership for Western Maryland Railroad
Judge Morris in Baltimore extends the receivership to cover all property and assets of the Western Maryland Railroad listing B F Bush as receiver. The order bars interference with, sale, attachment, levy, or disbursement of assets and follows a petition by Howling Green Trust Company. Attorneys obtained a confession judgment against the railroad for 2599 dollars.
MENTIONED IN THIS ARTICLE
Tribune
Baltimore
Morris
United States Court
Western Maryland Railroad
B. F. Bush
Howling Green Trust Company of New York
Copper prices rise on local Metal Exchange
All copper grades advanced on the local Metal Exchange yesterday with the fourth rise in ten days. Lake copper quoted at Ww% cents, electrolytic at 12% cents, casting at 12% cents. Reports indicated electrolytic sales at 13 cents per pound.
MENTIONED IN THIS ARTICLE
Lake
Soo Line Raises Dividend on Common Stock
Montreal reports say the Soo Line directors increased the semi annual dividend on common stock from 2 to 3 percent and declared a 3 4 percent semi annual payment on the preferred. The Soo Line, controlled by Canadian Pacific, has paid 4 percent yearly on common since 1903. Common traded at 1 1 8 in Toronto yesterday.
MENTIONED IN THIS ARTICLE
Montreal
Minneapolis, St. Paul & Sault Ste. Marie
Canadian Pacific Railway Company
Toronto
Chicago Mining and Stock Exchange to Cease Operations
At a March meeting Chicago Mining and Stock Exchange members voted to cease business and divide treasury funds pro rata among members. The exchange started a year ago with 15000, now about 6000 remains after expenses exceeded receipts. closing date to be set by directors.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Mining and Stock Exchange
Treasury
Pro Tata
Exchange
Baltimore
New York
Boston
Wilmington
Del
St. Louis
Anheuser-Busch
Lewistown
Mont
Judith Basin
Montana
Harlowton
Lombard
Chicago, Milwaukee & St. Paul Railway
Barre
Granite Cutters
Conference Committee of Manufacturers and Cutters
Montpelier
Interborough Metropolitan Bond Plan Heard by PSC
The Public Service Commission held the first hearing on Interborough Metropolitan Companys plan to mortgage property for 5 million to secure a 30 million bond issue, with a potential 25 million future issue for equipment or property. Details included capital account cash flows, excess project costs with Rapid Transit Construction, and a request for a year end operating and financing forecast.
MENTIONED IN THIS ARTICLE
Interborough Metropolitan Company
Public Service Commission
George W. Wickersham
Tribune
Lst
Manhattan Railway Company
Wickersham
Edward F. J. Gaynor
William M. Ivins
Gaynor
Ivins
Interborough Metropolitan
Rapid Transit Construction Company
Brooklyn
Belknap Elected President Of Bond and Mortgage Guarantee
At the annual stockholders meeting Walron P Belknap was elected president as Charles S Brown declined re election due to private business pressures. John L Sherwood became secretary while other officers were re elected. The 1907 year showed strong mortgage business and profits, with aggregate capital stock surplus and undivided profits totaling 6 003 373 220.
MENTIONED IN THIS ARTICLE
Bond and Mortgage Guarantee Company
Charless. Brown
Walron P. Belknap
John L. Sherwood
Non-Member Banks Averages in New York Area
The weekly statement of averages lists banks in New York City Brooklyn Jersey City Hoboken and Staten Island that are not members of the New York Clearing House Association but clear through its members. It covers the week’s figures on deposits loans and reserves for these non-member banks and shows how they perform relative to Clearing House members.
MENTIONED IN THIS ARTICLE
New York City
Brooklyn
Jersey City
Hoboken
Staten Island
New York Clearing House Association
Lakewood
New York
Paris
Ous
James HN. Berry
Otis Elevator Year Sees Record Business and Strong Dividends
Otis Elevator reports record year ending December 31 1907 with net profits rising, a surplus of 624310 available for common dividends on 6375400 outstanding, and 271116 depreciation adjusted to 253174 for 5.58 percent. President W D Baldwin notes largest business in company history, higher inventories and work in progress, and a $700000 Liabilities reduction in early 1908 as plant value is adjusted to near actual value.
MENTIONED IN THIS ARTICLE
W. D. Baldwin
Baldwin
Diamond Match Company
Ae Sai
Alan
Great Northern Iron Ore Trust Receipts and Distributions
The Great Northern Iron Ore Properties trustees issued a year end statement for the fiscal year ending December 7, 1907. Total receipts were 1,660,000 with 67,000 for administration and 1,500,000 distributed to certificate holders on September 16, 1907, leaving undistributed income of 82,200. On February 1, 1908, 1,500,000 dividends collected are to be applied per the trust agreement.
MENTIONED IN THIS ARTICLE
Great Northern Iron Ore
Diamond Match Reduces Pine Lands Value and Patents
The article notes a write down of pine lands and sampage by $79,497 and a reduction in patents rights and trade marks of $917,370. Net profits amount to $2,296.95, equaling 144 percent of the $16,000,000 capital stock.
Bankruptcy Petitions Filed Against Local Firms
Involuntary petitions target Sragan & Miller at 92 Prince Street and Grosowsky Brothers at 47 East Broadway with large claims and alleged preferential payments. Voluntary filings include Frederick Forster at 1633 First Avenue and Atlantic Wine and Grocery at 774 Columbus Avenue. Colonial Tobacco of Third Avenue faces claims. other names include Deublein, Reitwiesner & Prause, Montauk Cigar, and assorted discharges granted to a list of creditors and lawyers.
MENTIONED IN THIS ARTICLE
United States District Court
Sragan & Miller
Prince Street
Imperial Braids 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 Importing Company
George Deubslein
East 155Th Street
Deublein
Reitwiesner, Deublein & Prause
Colonial Tobacco Company
Third Avenue
Montauk Cigar Company
Markets Show Mixed Wheat Decline and Steady Oils
Traders avoided aggressive shorting as wheat slipped while oats and corn softened with grim supply data. Metals and petroleum edged higher in London and New York, with copper and tin firm, while pork and beef items held steady amid large grain receipts and uncertain demand.
MENTIONED IN THIS ARTICLE
Chicago
New York
S&s
London
Ivs
Cleveland
Sls 3d
Northern
Produce Exchange
New Orleans
Philadelphia
Calcutta
India
City Sear
Southmerica
Kers. We
Japan
Patna
Rangoon
Bassein
Porto Rico
Federal Sugar Refining Company
General Market Report on Coffee and Cotton Trade March 16 1908
New York reports a quiet coffee market with 7000 bags traded and prices easing slightly amid moderate offerings. Cotton shows irregular trading with near months firm on covering while later months ease. weekly receipts and exports from Brazil and U.S. ports cited, with futures closing modestly higher or steady.
MENTIONED IN THIS ARTICLE
New York
Havre
Hamburg
United States
Rio
Europe
The
Cape
UN States
Santos
Germany
Sheha
Aiapes
Aioe
Bareale
Wall Street
Bremen
Liverpool
Manchester
Gulf
Galveston
New Orleans
Wilmington
Mobile
Memphis
Houston
Savannah
Norfolk
Ilse
Baltimore
Augusta
St. Louis
Little Rock Quiet
Catton Exchange
Mid-Upland
Stade
Kansas
Oklahoma
Broomhall
Itwrx
Also Mentioned on This Page
NEW Knickerbocker Directors
Crucible Steel
Western Maryland Committee
D.L. Dresser
Trust Company
National
Telegraphic Business Notes
Inter-Met
Inc
Arpius
Otis Elevator
Otis Elevator Company
Holt
Frank J. Waldeyer
Charles R. Culver
Louis Selig
Julius Strauss
J & W Rothschild
Milne & Turnbull
Isaacson & Gardner
Pollack & Nathanson
Finkelstein & Kugel
General Market Report
Chicago Great Western
Georgia Southern & Florida
Toledo
ST. Louis & Western
Ask i. Aske
Jackson Gas
Lt & Tr Ss
Kan City
Lafay Gas
Bingham G
Os A
Buffalo Gas
Mutual
Y & ER
P&g C
Ohio & Ind
Paterson & Pas
Denver Gas
le & Tr Sa
St Paul Gas
Syra
Lt & P
Indianapolis Gas
Ferry Companies
Ny&r
Union Ferry
City Hotels
Hotel
Wellington
Seventh Avenue
Ssth Street
J. F. Champlin
Mar
Hendrickson
Healih & Pleasure
Washington, D. C
St Augustine
Fla
Ocklawaha
Greater New York
City Hall
City of
George B. McLellan
New Jersey
Atlantic City
Dennis
Walter J. Buzby
Amer
Traymore
Kotel
Traymore Hotel Company
CHAS
Marquette
D S Weite
Haddon Hall
Chalfonte
Atlantic Cith
Leeds Company
Morton
N.R. Haines
Pennsylvania Ave
Beach
N. J
Ocean View
Monticello
Ekholm En
COOK
N. A
Laurel House
J Murphy
D. P. Simpson
Laurel-In-The-Pines
Lake Wood
Mills-In-The-Pines
Alvord
F. B. Alvord
Brick Church Station Teast Orange
Briarcliff
Briarcliff Manor
D. B. Plumer
Virginia
Virginia Hot Springs
Alpuin
Medina
St.george
OS Tsee Ng
Tse Broadway
N. Mb
Actios
A. Lincoln Wescott
Broadway
Borough of Manhattan
August Schaper
Mary’’ Schaper
Mary
David Leventritt
Supreme Court of
State of New York
County of
Clerk of the of
36Th
Sithets
Dockeck
M. Vin
6Th Ave
Marager
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