Telephone profits surge as Bell shows 1907 gains
The American Telephone and Telegraph Company reports 1907 profits of 27,478,290 dollars, up 5,621,613 from 1906, with 3,035,533 phones in use and wire mileage rising by 1,141,687. Theodore N. Vail argues for public, independent control of telephone utilities to curb duplicative systems and wasteful competition.
MENTIONED IN THIS ARTICLE
American Telephone and Telecgraph Company
Tribune
American Telephone and Telegraph System
Theodore N. Vail
Bell Telephone Companies
United States
New York Central Plans 136 Locomotives
New York Central announces via the American Locomotive Company a deal for 136 locomotives with both passenger and freight units. A portion will be electric. Production will start once materials arrive, funded by a recent $30 million equipment trust issue.
MENTIONED IN THIS ARTICLE
American Locomotive Company
X Central
New York Central
Steamship Bonds Deposited in Trust Continued Reorganization
Equitable Trust Company deposited between 4.6 and 5 million dollars of Consolidated Steamship Lines collateral trust bonds, bringing total deposits to over 36 million. The reorganization committee chaired by Alvin W. Krech holds a working majority of about 60 million in bonds, though the plan remains unpublished.
MENTIONED IN THIS ARTICLE
Equitable Trust Company
Consolidated Steamship Lines
Alvin W. Krech
Freight agents discuss possible rate increases
Freight agents from New York Central lines met at Grand Central Station to discuss the possibility of higher freight rates. They are not expected to file a separate request with the Interstate Commerce Commission but may join a broader action by other railroads seeking a rate rise.
MENTIONED IN THIS ARTICLE
New York Central
Grand Central Station
Interstate Commerce Commission
The Most Useful Citizen and Reform Work Spotlight
An item notes Jacob Kiis leading a reform effort described as the most useful citizen. John Hubert Greusel contributed an essay for the upcoming San tae tribune publication highlighting civic improvement and community service.
MENTIONED IN THIS ARTICLE
Jacob Kiis
John Hubert Greusel
Next Santae Tribume
Bank of England lowers rate to 3 percent in March meeting
London reports the Bank of England reduced the discount rate from 3 1 2 to 3 percent. Markets showed little price gain despite the move with Consols and American securities fluctuating as traders anticipated New York effects. Dealers note ample money and a near 40 million pounds in coin and bullion while awaiting government dividend distributions and cautious sentiment amid weak Continental exchanges and gold shipments to Paris.
MENTIONED IN THIS ARTICLE
London
Bank of England
New York
Wall Street
Paris
Transfer of Oriental Bank Assets to State Banking Dept
The Oriental Bank assets and books were transferred by temporary receivers to the State Banking Department under Justice O Gorman's order. State Superintendent Clark Williams supervised the transfer as the Attorney General seeks dissolution. A later appeal hearing was set for 1 o'clock with contested directions on asset possession during the dissolution action.
MENTIONED IN THIS ARTICLE
Oriental Bank
Carnegie Trust Company
Henry Schneider
State Banking Department
Justice O'Gorman
Supreme Court
Clark Williams
State Superintendent of Banks
Williams
Oriental
Jackson
Metropolitan Trust Company
Philbin
Beekman & Menken
Appellate Division
Court of Appeals
Egg loan cap set at ten cents a dozen in 1908
Pittsburg reports banks will loan at most 10 cents per dozen on eggs in cold storage for 1908 after a New York Chicago agreement. The move aims to curb rising prices as markets flood Chicago with fresh eggs, wholesale prices near 15 cents and retail around 2 cents per dozen.
MENTIONED IN THIS ARTICLE
Tribune
Pittsburg
New York
Chicago
Boston
Philadelphia
Cincinnati
Palmer House
Main St
East Orange
N. J
Grove St
Oranges
A. N. Messer
Texas and Pacific Receiver Action Considered
The State Railroad Commission in Austin weighs bringing receivership against the Texas and Pacific Railroad under a federal charter for failure to meet Texas mandated improvements. Chairman Allison Mayfield, who inspected the road, will pursue any recommended action.
MENTIONED IN THIS ARTICLE
Tribune
Austin
Tex
Texas & Pacific Railroad
Allison Mayfield
Steel conference cheerful as prices urged to hold
Ex-Judge E H Gary chaired a meeting of steel and iron manufacturers in his office to discuss prices and trade conditions. Participants from major firms reported a cheerful mood and said conditions had improved since the last meeting with plans for another conference in April.
MENTIONED IN THIS ARTICLE
E. H. Gary
United States Steel Corporation
Gary
Republic Iron and Steel Company
Jones & Laughlin Steel Company
Pennsylvania Steel Company
Cambria Steel Company
Bethlehem Steel Corporation
Inland Steel Company
la Belle Iron Company
Rogers, Brown & Co
Latkawanna Steel Company
Sloss-Sheffield Steel and Iron Company
Sharon Steel Hoop Company
Maryland Steel Company
Bank of Bombay Cuts Discount Rate to Eight Percent
The Bank of Bombay lowered its discount rate from 9 to 8 percent. The move was announced from Bombay on March 19.
MENTIONED IN THIS ARTICLE
Bank OF Bombay
Bombay
Offer Gas Light and Coke Co Bonds Available
N. W. Harris & Co. have purchased and are offering to investors $1,000,000 People's Gas Light and Coke Company Chicago refunding mortgage 5 per cent bonds of 1947.
MENTIONED IN THIS ARTICLE
Peoples Gas Light & Coke Company
Ilinois
Chicago
OFFER
GAS Light and Coke CO
N. W. Harris & Co
Gas Light and Coke Company
Fear of Strike Closes Gould Shops in Texas
Telegraph report from Marshall Texas notes fear of a Denver Rio Grande shopmen strike spreading to Gould lines. Texas & Pacific shops in Marshall closed with doors posted Retrenchment Shut down decided upon April 1. About a thousand workers idle as a result.
MENTIONED IN THIS ARTICLE
Tribune
Marshall
Tex
Denver & Rio Grande
Texas
Texas & Pacific
Oil Rebates and Industrial Shifts Across States March 19
Breach of rail rebates cited in Standard Oil hearing as refineries and independent producers received railroad rebates. Carnegie Steel wins a $50 900 sewer contract at Mingo Junction to employ idle workers. Indictments against banker A C Tisdelle in Chicago. Reading Railway suspends fifteen crews affecting ~200 workers. Denver sees 100 replacements for striking workers. Nashville lays off 500 locomotive department staff. Fletcher firm seeks intervening petition against Metropolitan Steamship in Portland. Barre quarry workers reject old pay scale. Hamilton Woollen cuts wages 19 percent. Dwight Manufacturing and Chicopee plants announce 10 percent wage cuts affecting ~3100 workers.
MENTIONED IN THIS ARTICLE
Cleveland
Standard Oil Company
Standard Oil
Lewis Emery, Jr
Bradford
Penn
Steubenville
Ohio
Carnegie Steel Company
Mingo Junction
Denver
Denver & Rio Grande Railroad
Burnham
Nashville
Tenn
Chattanooga & St. Louis
Boston
W. and
A. Fietcher & Co
Hoboken
N. J
Judge Dodge
United States District Court
Portland
Metropolitan Steamship Company
Fletcher Company
Harvard
Yale
Barre
Amesbury
Mass
Hamilton Woollen Company
Springfield
Dwight Manufacturing Company
Chicopee
Chicopee Manufacturing Company
Chicopee Falls
Western Maryland Certificates Offered on Exchange
The committee of Western Maryland Railroad Company bondholders led by Alvin W. Krech reports a substantial majority of bonds deposited or pledged. An application will be made to admit the deposit certificates to quotation on the New York Stock Exchange.
MENTIONED IN THIS ARTICLE
New York
Chicago
Bankers Trust Company
Wall Street
New York City
New York Stock Exchange
Western Maryland Railroad Company
Generalien
Alvin W. Krech
Iratspore
CRIBW
Fort Mason
Se Francisco
Cal
Idvct
San Francisco
Army Supply Dept For Quartermaster’s Department
S A
Rankin, Bell & Crane
Walnut St
Philadelphia
Depot Quartermaster
Quartermaster Department of the Lakes
I Il
United States
George McK. Williamson
Rio Tinto Declares Dividend Cut in London Cable
A London cable report states Rio Tinto has reduced its dividend to 49 shillings, down 7 shillings 6 pence from October. The semi annual statement shows 30000 pounds depreciation and a 26000 pound surplus carried forward.
MENTIONED IN THIS ARTICLE
London
Rio Tinto Company
Huge sum for Prussian railroads plan outlined
Berlin reports the Lower House tabled a railroad bill seeking about 125 thousand seven hundred fifty dollars for developing Prussia's secondary railways. The funds would be raised by a government loan.
MENTIONED IN THIS ARTICLE
Berlin
Prussia
Mining prospects near anticlinal dome boost Micmac property
Ww F Jennison, Nova Scotia mining engineer, writes Micmac Mining Co that a nearby anticline dome could reveal great gold bearing leads. Quartz layers have breached within 140 feet of Micmac, with main leads yielding assays from $22 to 3% per ton and an average of $3 per ton. The surge in ore potential could transform Micmac’s fortunes.
MENTIONED IN THIS ARTICLE
Ww. F. Jennison
Nova Scotia
Micmac Mining Company
Cerro de Pasco
Pany Cerro de Pasco Mining
New Jersey Corporation
Peru
Haggin and
Hearst
Cerro de Pasco Investment Company
Hearst, Haggin
Burgoyne Hamilton Assigns to Franklin Lockwood
Burgoyne Hamilton stock broker of Exhange Place assigned yesterday to Franklin Lockwood. Hamilton, a Consolidated Stock Exchange member for about a year, has offices at Exhange Place. The move follows nonpayment by some customers on margin calls. Father’s Blessing is a love story by Charlies Belmont Davis. details in next Sunday’s Tribune.
MENTIONED IN THIS ARTICLE
Burgoyne Hamilton
No. 42
Exchange Place
Franklin Lockwood
Hamilton
Consolidated Stock Exchange
No. 43 Exchange Place
Hiamilton
Charlies Belmont Davis
Tribune
Business Troubles Over Multiple Judgments and Bankruptcies
Three judgments totaling 13 741 dollars were filed yesterday against Archer and Co. and Allison M Archer in Walter B Manny v Archer on notes from December 27, 1907. Bankruptcy petitions were filed in U S District Court. George J Anderson lists 6808 29 assets none. Wolff Brothers liabilities 13981 59 assets 5895 54. Willis B Dowd named receiver for New York House Furnishing Goods Co. Edwin Polosty reports assets 8631 83 liabilities 11655 34. Patrick McDonald undertaker faces involuntary petition in Mount Vernon by H E Taylor claiming 4190 dollars goods sold.
MENTIONED IN THIS ARTICLE
Archer & Co
Broadway
Allison M. Archer
Walter B. Manny
United States District Court
George J. Anderson
Manhattan Avenue
Wolff Brothers
Avenue
East Houster Street
Willis B. Dowd
New York House Furnishing Goods Company
Reade Street
Edwin Polosty
East 17Th Street
Patrick McDonald
Mount Vernon
H. E. Taylor
East 23d Street
Taylor
New York Surrogate Notices Cite Ernst and Terry Estates
Public legal notices from the New York Surrogate's Court cite Anna Julie Gessner-Ernst Friedrich Ernst Karoline Ernst Heinrich Ernst Katharina Elisabetha Sulzer Ernst Emilie Berta Kohl-Ernst Jakop Thedor Ernst Susanna Sparmann-Ernst Robert Ernst Julian Ernst and many heirs in probate proceedings for the estate of Robert Ernst of Switzerland and for probate of Margaret Terry will. The notices set a hearing date and outline guardian requirements for minors and absent heirs.
MENTIONED IN THIS ARTICLE
State OF
New York
Anna Julie Gessner-Ernst
Friedrich Ernst
Karoline Ernst
Heinrich Ernst
Katharina Elisabetha Sulzer Ernst
Emilie Berta Kohl-Ernst
Jakop Thedor Ernst
Susanna Sparmann-Ernst
Robert Ernst
Julian Ernst
Switzerland
County of
Adolph Rusch
Emile Ernst
Charlies H L
Beckett
the &H
Daniel J. Dowdney
Surrogates’ Court
Also Mentioned on This Page
NY. C
Clinton Gilbert
Law T
Ins & T
Manhattan
UurTeen
Broatwas
Broatwas Lw Ool Mercantile 450 Sasac | Metropolitan « — Carnine
Mtge Bond Co
Cas
Morton - Aims Ed
Mutual Alliance
Cyy
Nassac
Columba
Lin & Trom
Bsix
Empire
Standard Trust
Pia Sh iTitle
Frederic H. Hatch
Broad Street
Sores Tv
Asket
Sé&r
Lacka Steel
Lora & Taylor
Lerinard
Nat Cash
Niles-Bem-P
Pratt
Texas Co
Ligiald
Trenton
Fett Arnal Union Carbide
Mickenson
Chem. Tecnica
Bank
State Department
OF the
Grand Ganyon Yellowstone
Yosemite Valley
Raymond & Whitcomb Co
Union
Pittsburgh
Hendrickson
Atlantic City
Plymouth
Old Point Comfort
Pinehurst
Washington
Niagara Falls
Thos. T Hendrickson
Fulton St
Brooklyn
Peoples Gas Light & Coke
Bankers Pine Street
William New York
J. W. Harris & Company
Harris Trust & Savings Bank
Western Maryland Railroad CO
Samuel Untermyer
Richard Sutro
William F. Harrity
Edward L. Fuller
George Cator
Fairfax
Landstreet
Smith
Boby
F. Marion Crawford
GOULD
Telegraphic Business Notes
A. C. Tisdelle
la Salle Street
Reading. Penn
Reading Railway
Western Maryland
Rio Tinto
Lakeman
Nevada Consolidated
Great Ely
Cumberland-Ely
City Hotels
HOTEL
Grenoble
56Th ST
7Th AV
William P. Chase
Wellington
7Th Ave
J. F. Champlin
Mar
Salomon
Loewenstein
Max Loewenstein
Jennie Schoenewald
Pauline Loewenstein
Saouis Loewenstein
Arthur J. Mack
City of New York
County of New York
Louis Loewenstein
U. S
Abner
Thomas
Ann B. Hall
Isabel M. Hall
Alice H. Duncan
Sophia V. Stuhm
Frances J. Stewart
Wiliam N. Beach
Albert C. Hall, Jr
Audrey B. Hall
Isabel McRae Duncan
Henry Bluhm
Marie Stewart
Mary R. Ritch
Helen W. Ritch
Alvah Hall
City of
Albert Hall
L. S. New York
B.P.H. Hon
Abner C. Thomas
Daniel J. Dowdndey
Nhe
Grace of God
Albert W. Terry
Andrew Jackson Terry
Laura Grant Fairbrother
Amanda M. Thompson
Louisa Grant Mytinger
Daniel Zelsey
Charles F. Terry
F. Milton Terry
Mary Terry Grantham
David ¢. Terry
Samuel D. Terry
Franklin Lee Terry
Margaret D. Terry
Charles Terry, Jr
Elizabeth Haybeck
Caroline Tinsman
William H. Furter
Albert Haybeck
Annie €. Lasco
Caroline F. Horner
Catharine Glaum
Catharine Lentz
Emma Walker
Oliver P. M. Custin
George W. Custin
Franklin
Margaret ‘Terry
Charles T. Dotter
Margaret Terry
Suardian
Fl. S
Said County
Fred W
Alfred E. Hinrichs
William St
N. Y. City
Senate
City Hall
George PB. McClellan
Greater New York
Park Board
Richmond
George B. McClellan
Warlborough
Blenheim
11Te & Sons
Traymore
Haddon Hall Atlantic Cirry
Ustraved Lit & Lippincott
Chalfonte
THE
Leeds Company
Seaside House
N. JF
Ocean Front
Sam
P coOox & Son
Dennis
Chee
Buzar
New Jersey
Penna. R. BR
Browns Mills
Cambridge
3Th Ave
Tel
Mad. Sa
HE Montclair Montel Air
N. Goml
Sum Parier
le Pure Air
Wontclan Hotel Co
Virginia
Virginia Hot Springs
Bermuda
Berlitz School OF Languages
Madison Square
Barlem
Lenet Ave
Court St
Newark
Ainting
West
Jovernesses
Mo. Younnion
Department OF Agricteecure
Fffce
Washington, D
Secretary of Agriculture
James Wilson
BTC Government Printing Office
Washington, D. C
Henry T. Brian
Government Printing Office
D. C
Henry ST. Brian
War Dept
M. Ek. Thorp
FT. Army Building
N. Y
Rondout Harbor
John G. D. Knight
Whitehall St
New 'S City
Sam Juan
P. R
Patten
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