Sugar Trust Issues First Annual Report to Stockholders
The American Sugar Refining Company released its first annual report to stockholders detailing net earnings of 8 749 291.62 for the year ending December 28, a 2 449 362 surplus, and a total surplus of 20 576 936 The report outlines cash assets and reserves, dividend policy, and the directors’ views on publicity while noting ownership questions tied to the Havemeyer estate and the Have Meyer refinery The document also lists assets including refineries in Brooklyn Jersey City Boston New Orleans and Philadelphia with associated liabilities and capital stock held by 19 512 common and preferred stockholders The report was criticized by A Spreckels who sought more transparent ownership details and indicated that a separate stockholder report would arrive later
MENTIONED IN THIS ARTICLE
American Sugar Refining Company
Massachusets
A. Spreckels
Federal Refining Company
Cubs
United States
BOS One En Cot Secencence
Eaeh
Ces
American Sugar Refinere Company
Brooklyn
Jersey City
Boston
New Orleans
Philadelphia
Chicago
St. Louis
Brooklyn Cooperage Company
Brooklyn Transportation Company
Brooklyn Distilling Company
Insular Improvement Company
California
San Francisco
Fir Insurance Reserve Fund
Claus A. Sprekels
Timet
Mr. Spreckels
Peters Named Trustee in Reorganized Knickerbocker Trust
Samuel T. Peters of William & Peters coal merchants was elected a director of the reorganized Knickerbocker Trust Company at a meeting on Broad Street. Charles Hallam Keep, new president, discussed reopening next Thursday and plans to mail surplus certificates and remaining 70 percent to depositors. Receivers seek about 5 percent fees, totaling around 830000, with Justice Clark to set the final amount and reserve it from company cash.
MENTIONED IN THIS ARTICLE
Samuel T. Peters
William & Peters
No. 1
Broadway
Knickerbocker Trust Company
No. 20
Broad Street
Charles Hallam Keep
Albany
Public Service Commission
Justice Clark
W. McFarlane to Defend Morse in Federal Case
Eugene P. Carver announced that Wal Ter MacFarlane former U S Attorney was retained to defend Charlie Morse in federal charges. Justice Dowling denied a motion by Philip J Britt to inspect the minutes of the special grand jury that indicted Morse on a perjury charge.
MENTIONED IN THIS ARTICLE
Eugene P. Carver
Wal- Tere MacFarlane
United States
Charlies W. Morse
Justice Dowling
Supreme Court
Philip J. Britt
Morse
Mr. Morse
Fireproof New York Law School Building Rising At Fulton Street
The New York Law School plans an eleven key fireproof building at 1172 and 174 Fulton street facing Pears churchyard with north light and side light. It will house four Law School floors with separate entrance and elevators for exclusive use and the rest of the space will be leased, likely to a bank or trust company. The first floor will be among the most attractive for tenants, and the building will feature a vacuum cleaning system and four large electric elevators. Several offices have already been let to prominent lawyers and real estate brokers.
MENTIONED IN THIS ARTICLE
New York Law School
Fulton St
Pears Churchyard
Lard Broadway
Hudson River
Fulton and
Church Sts
Bank Or Trust Company
Chicago Subway and Tunnel Company Plan Nears Approval
An official plan to unify capitalization of the panel Company and the Chicago Subway Company is nearly completed. The tunnel company holds most Illinois Telephone Construction stock and about 17 million dollars of five percent bonds outstanding with a significant assent to the plan.
MENTIONED IN THIS ARTICLE
Panel Company
Chicago Subway
Subway
Iedge Ogee
Tunnel Company
Linois Telephone
Chicago
Ter- Minos
Threaten Coal Strike Sparks Pittsburgh District Action
Independent coal operators in Western Pennsylvania Ohio Illinois Indiana report United States Steel Corporation seeks to avert an April 1 strike. Steel fears stored coal loses carbon, affecting mills. Pittsburg Coal Company urged to sign miners scale. independents vow to run their own business. Miners president Feehan calls executive meeting for tomorrow.
MENTIONED IN THIS ARTICLE
The
Tribune
Pittsburg
United States Steel Corporation
Pennsylvania
Ohio
Ilinois
Indiana
Steel Corporation
Pittsburg Coal Company
New York
Feehan
Preferred Deposits Paid at Oriental Bank Liquidation
The Oriental Bank preferred depositors mainly savings banks with $600 in total claims were paid yesterday via Metropolitan Trust Company checks. Notices were sent to other depositors to leave passbooks for ledger updates as balances are verified. Over twenty depositors visited the main Broadway and John Street office at 10 am, some irked by delays, until staff explained the bookkeeping needed. The liquidation committee of Brayton Ives, Hugh Kelly, and James G. Cannon met to finalize the payout details.
MENTIONED IN THIS ARTICLE
Oriental Bank
Metropolitan Trust Company
the Oriental
Broadway
John Street
Brayton Ives
Hugh Kelly
The
James G. Cannon
Fourth National Bank
South & Western Purchase Ties Carter Ryan Interests
Bristol Va March 23 at the first annual stockholders meeting of the Carolina Clinchfield and Ohio Railroad presided by George L. Carter the purchase of the South and Western Railroad a 50 million project backed by Thomas F Ryan was approved The transfer unites Ryan and Carter interests with proxies held by J Norment Powell The road is prepared for operation next year as Clinchfield Coal Corp headed by Carter begins coal development in Southwest Virginia meeting adjourned for one week.
MENTIONED IN THIS ARTICLE
Bristol
Carolina, Clinchfield & Ohio Railroad
George L. Carter
South & Western Railroad
Thomas F. Ryan
New York
J. Norment Powell
Ryan
South & Western
Clinchfield Coal Corporation
Carter
Virginian
Banks and Ice Stocks Sold At Auction Summary
Auction results show 307 Mercantile National Bank shares sold from 1 1/2 to 120 1/4, 175 Mechanics and Traders Bank shares at 49 43, and a 109 share block of that bank at 71. One hundred Western Ice Company common shares brought 2 1/2, and 145 Knickerbocker Ice preferred shares at 10. Believed to be sold for Edward R or Chando Thomas.
MENTIONED IN THIS ARTICLE
Edward R. Or
Chando
Bank to bid 20000 for Myrtle Avenue lease sale
Objections to the Williamsburg Trust Myrtle Avenue lease were withdrawn in Brooklyn appellate court. The Corn Exchange Bank, via its attorney, announced a first bid of 20000 and a 50 percent deposit advance if the purchase succeeds. The sale plan was approved by receivers and depositors. Public auction to follow within days.
MENTIONED IN THIS ARTICLE
Myrtle Avenue
Williamsburg Trust Company
Brooklyn
Corn Exchange Bank
Lincoln Trust Loan Paid in Full
Lincoln Trust Company announced yesterday it paid back the last of the loan obtained from the Associated Trust Companies last October.
MENTIONED IN THIS ARTICLE
Lincoln Trust Company
Associated Trust Companies
Styles and Cash Directors Elected at Aldine Club
At the annual meeting of Styles and Cash held recently at the New York printing house Aldine Club, directors elected include W. I. Lincoln Adams Alexander Cash George B Garver J H Fountain and George Lewis. The 20 percent annual dividend was declared and officers chosen to succeed themselves: President and treasurer Lincoln Adams vice president George B Carter secretary D Randolph Cowe.
MENTIONED IN THIS ARTICLE
Styles & Cash
New York
Aldine Club
W. I. Lincoln Adams
Alexander Cash
George B. Garver
J. H. Fountain
George Lewis
Lincoln Adams
George B. Carter
D. Randolph Cowe
Coffee and Cotton Market Movements in New York Trade
New York reports March 23 1908 with active coffee trading as European selling and Brazilian receipts push prices down though end of day steadiness held. Cotton falls to new lows for the season amid heavy selling and export demand, while june and other futures show a mixed close as traders weigh weather losses and belt conditions.
MENTIONED IN THIS ARTICLE
New York
Brazil
Sao Paulo
Havre
Hamburg
Rio
Santos
United States
Europe
Cape
Victoria
Germany
Liverpool
Theent
Cains
Gulf
Mobile
Savannah
Charleston
Norfolk
Baltimore
Augusta
St. Louis
Little Rock
Galveston
New Orleans
Wilmington
Memphis
Houston
Lata
Paris
Berlin
Budapest
Broomhall
Duluth
Chicago
Pero
Illinois
Fair Finance Leads Tomorrow and Tomorrow After
A speaker urges readers to watch ahead for Fair Finance 2 and 3 in leading dailies worldwide. He promises a profound, world-spanning financial message titled Gold For Sale to follow No 3. He calls on Americans and Europeans to read future press coverage as a key indicator of a major public issue being resolved.
MENTIONED IN THIS ARTICLE
Fair Finance
Beet Sugar Market Close Steady In London And Local Trade
London beet sugar market opened 132d lower then recovered to close even with Saturday levels. March at 2%3¢ and April 34. Local market eased briefly with some concessions that were withdrawn before close. Final duty paid prices: centrifugal 96 test 44%4c muscovado 69 test 3%c molasses sugar 89 test 3t2c.
MENTIONED IN THIS ARTICLE
Chicago
Eaceeere
London
Standard Foundry
Cleveland
Northern
New Orleans
Market Report Cattle Hogs and Sheep Across Regions
Chicago receipts near 25 000 cattle 45 000 hogs and 17 000 sheep with gains noted. Prices: steers 3 50 to 5 25, cows 3 75 to 6 75, hogs 5 10 to 5 15 heavy, 4 60 to 5 05 packers, lambs 5 00 to 7 85, yearlings 6 50 to 7 20. Cincinnati hogs 5 30 to 5 35, cattle 4 50 to 6 00, sheep 3 50 to 5 50. East Buffalo cattle 4 25 to 6 50, hogs 4 80 to 5 35, lambs 5 00 to 7 50. Kansas City cattle 6 25 to 6 75, hogs 4 50 to 5 75, sheep 3 25 to 5 50. Pittsburgh cattle 6 15 to 6 35, sheep 4 00 to 5 00, lambs 7 30.
MENTIONED IN THIS ARTICLE
New York
Rosin
Bois Wil
Rio Steel Rails
Family Exchange
Philadelphia
City
Calcutta
Chicago
Kansas City
Omaha
West
India
South America
Brazil
C. Stearsteady
Kerns Commission Company
Tobin & Shannon
Sanders
McPherson & Co
H. Hollis
Buffalo
Pennsylvania
Ohio
Jersey City
Sixtieth Street
Fortieth Street
Lehigh Valley
Weehawken
West Shore
Sheen
Schwarschild & Sulb
Bovic
Schwarschild & Gsulb
Minnehaha
Schwarzschild & Sulzb
J. Shamberg & Son
Bee J. Shamberg & Son
Ws J. Shamberg & Son
Mohawk
United Dressed Beeef Co
Titlan
Morris Beef Co
Baltic
Teutonic
Morris Beef
Swift Beef
Baltic Oo
Teuton Armour & C
J. Stern & Son
He Cudahy Packing Co
Boston
Baltimore
TS St. John
London
Liverpool
Glasgow
Manchester
Bristol
London Cables
Schwarzschild & Sulzberger
Morris Beef Company
Newton & Co
Shaberg & Son
Telegraph
Cincinnati
East Buffalo
Kansas Ty
Mara Ateady
T& ‘Bs
Union Stock Yards
Pittsburg
Western Maryland lien committee seeks bond certificates on NYSE
The Western Maryland general lien and convertible bondholders committee, chaired by Alvin W. Krech, says a majority of bonds are deposited and large further pledges await deposit. Application has been made to adopt the deposit certificates for quotation on the New York Stock Exchange.
MENTIONED IN THIS ARTICLE
Western
Maryland
Alvin W. Krech
New York Stock Exchange
Pittsburg Railways Seek Wage Cuts as Scale Expires
March 23 telegraphic business notes report Pittsburg Railways officials asking employees to accept wage reductions as the current scale expires April 1. Workers oppose the cut and plan action at a Thursday night meeting.
MENTIONED IN THIS ARTICLE
Pittsburg Railways Company
Philadelphia
Philadelphia Clearing House Association
Bellevue-Stratford
Meadville
Penn
Erie Railroad
Baltimore
Maryland Steel Company
Sparrows Point
Penness
Also Mentioned on This Page
Sugar Trust
Spreckels
S. T. Peters
Knickerbocker Board
W. Mfarlane
Undis Tunnel Company
South & Western Purchase
Carolina
Clinchfield
Ryan-Carter Properties
Williamsburg
Lincoln Trust
General Market Report
Cotton Exchange
New York Produce Exchange
Kilnarle
Kansas
Japan
Dome
Dlic
Patna
Rangoon
Feree
Federal
Easn
Pie Sin & Shannon
George & Isa
Dillemback
John Ducey
60Th Street
W. R. Hume
G. Curtis & Son
Andrew Mullen
Jelliffe, Wright & Co
John P
Geo. & Lilla
Tobin & SI Th
Judd
McPherson
Newtor
Sion Co
President Roosevelt
America
South
Canada
Thomas W. Lawson
Telegraphic Business Notes
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