Blind account at McIntyre firm reveals internal strains
An examination of T. A. McIntyre & Co bankrupt brokerage before Commissioner Gilchrist disclosed a “No. 25” blind account tied to McIntyre personally. Witnesses described strained relations among partners, a solvent denial, and missing securities as about 400000 in doubtful assets surfaced amid questions about firm finances.
MENTIONED IN THIS ARTICLE
T. A. McIntyre & Co
Holt
United States Circuit Court
Gilchrist
Federal
George C. Ryan
Edward F. White
T. A. McIntyre
Maurice Leon
McIntyre
Frederick M. Lockwood
Hardware
Ernst
Charles C. Burlingham
Ryan
Thomas A. McIntyre
Trust Company Merger Defeated In Adjourned Meeting
Equitable and Mercantile trust companies vote down their proposed merger after litigation, with directors stating continued independent existence is best. Dividends of 9 percent and 30 percent declared on Equitable and Mercantile stock, respectively, cover periods of prior deferral. A successor to Mercantile president Henry Deming is expected to be elected soon.
MENTIONED IN THIS ARTICLE
Equitable
Mercantile Trust Companies
Financial District
Bainbridge Colby
Equitable Trust Company
Charles W. Morse
Mercantile
Henry Deming
Mercantile Trust Company
Higgins Sues Co Receiver Over Fees in Brooklyn Bank Fight
Charles M. Higgins, one of the Brooklyn Bank receivers, sues co receiver Bruyn Hasbrouck to recover 2724 for fees paid to Higgins's lawyers during the campaign to replace Charles A. Colones counsel with Dolson. Higgins contends Dolson’s fee was unauthorized and wasteful. Dolson was later replaced by James C. Church and J. Edward Swanstrom.
MENTIONED IN THIS ARTICLE
Charles M. Higgins
Brooklyn Bank
Bruyn Hasbrouck
Higgins
Charles M. Stafford
Charles A. Colones
Hasbrouck
Dolson
James c. Church
J. Edward Swanstrom
Lowest ebb in railroad traffic in April
A bi weekly report from the American Railway Association shows a sharp drop in railroad activity through April 15 across 153 North American railroads. Die cars rose from 374 to 375,770 in the first half of April, the highest surplus ever recorded, underscoring historically weak business conditions.
MENTIONED IN THIS ARTICLE
Chicago
American Railway Association
United States
Canada
Bedford comments on starch and glucose price dispute settlement
E. T. Bedford, president of Corn Products Refining Company, said reports from Chicago about price cutting between his company and Royal Baking Powder Company were false. He stated prices for starch were cut by four points, but glucose prices were not reduced.
MENTIONED IN THIS ARTICLE
E. T. Bedford
Corn Products Refining Company
Chicago
Isis Company
Royal Baking Powder
Cheney Named Deputy of State Banking Superintendent
O H Cheney senior partner of Cheney Schenck Stockell of Broadway was appointed by Clark Williams Superintendent of Banks as third deputy in charge of the New York office Mr Cheney said he would represent Williams while at Albany and push for a more thorough banking investigation and faster expansion of facilities and staff to handle business He is a 1897 New York Law School graduate and charter member of the New York Chapter of the American Institute of Banking and has served as a lecturer and manager for local civic groups.
MENTIONED IN THIS ARTICLE
O. H. Cheney
Cheney, Schenck & Stockell
Broadway
Clark Williams
Cheney
New York
Williams
Albany
Nessary
The
New
Twenty-third Street Young Men's Christian Association
American Institute of Banking
York Law School
Sharp Decline in Westinghouse Stock After Pro Rata Call
Westinghouse Electric and Manufacturing shares fell 9 points to 46 after a circular urged stockholders to subscribe to 10 million dollars of new stock. The stock later recovered to 47 1 2 with a 74 point day loss in 6800 shares. Some investors sold to avoid further subscriptions while a June 1 deadline lingers for assent to the plan.
MENTIONED IN THIS ARTICLE
Westinghouse
Westinghouse Electric and Manufacturing Company
George Westinghouse
Interborough Notes Allotted At Stringent Subscriptions
The Interborough Rapid Transit issue of 25 million dollars in 6 percent three notes offered by J P Morgan was allotted yesterday on roughly a one for two basis. Subscriptions under twenty notes got full allotment. 20 to 120 notes received six and a half percent. 129 or more secured five and a half percent. The fifty dollar portion of the notes maturing today was accepted by the subscribers.
MENTIONED IN THIS ARTICLE
Interborough
Interborough Rapid Transit
J. P. Morgan
Pany, Co
Bonds in Indiana and Ohio Listed for May and June Dates
A historical list of municipal and corporate bonds with issues from Indiana and Ohio. Entries include water works, school and gravel road bonds, city buildings, and railway mortgages with May and June maturities. Names include Portsmouth, Dearborn, Posey, Starke, Owen, Massillon, Greenfield, Cambridge City, Connersville, Marion, Rushville, and Niagara Falls Power, among others.
MENTIONED IN THIS ARTICLE
American Cotton Oil Co
Cleveland
Pittsburg
Cambridge City
Ind
Water Works & Street Imp
Connersville
Greenfield
Massillon & Cleveland Rd. Co
Marion
Irwa
Niagaralis Power Co
Kenture
Niagara Falls Power C. Benture
Wayne
Chicago
Ft. Wayne
Portsmouth
Ohio
Rushville
Indiana
Starke County
Dearborn County
Posey County
Owen County
Idiana
Exchange Instead of Cash Drives Curbs Market Shift
On the curb market traders moved to exchange in place of cash, with the new notes selling down to 9 percent before recovering to par at 100 percent, signaling a volatile but stabilizing shift in value.
Morawetz to quit chairmanship at Atchison Topeka Santa Fe
Victor Morawetz, chairman of the executive committee of the Atchison Topeka Santa Fe Railway, announced plans to retire from the chairmanship temporarily to rest and focus on other interests. He stressed no friction with President Ripley or directors and said the company is in good order. His resignation will be considered at the May 6 board meeting. he has not decided whether to resign as a director.
MENTIONED IN THIS ARTICLE
Underground Electric Railways Company OF London, Ltd
Speyer & Co
New York
Speyer Brothers
Lonégon
Lazard Speyer-Ellissen
Frankfort of Main
Teixeira de Mattos Brothers
Amsterdam
London and Westminster Bank, Limited
Guaranty Trust Company of
Associatio Cassa
Bom Central Railway Company, Limited
Federal Government of the
Republic of Mexico
Mexican Central Railway Company, Limited
Central Trust Company OF New York
Wall Street
Boston
Peabody & CO
Devonshire Street
National Railroad Company OF Mexico
Carter
London
J. Henry Schroeder & CO
Glyn, Mills, Currie & CO
Hope & CO
Mexico
Banco Nacional DE Mexico
Consolidated Income Bonds
Nccme
Government of Mexico
Mexican Central Railway Securities Company, Ltd
Terrace Oe Bean A
Jean Central Railway Company, Limited
Cate’ ‘E
Mexpany, Limited
Samuel
Victor Morawetz
Atchison, Topeka & Santa Fe Railway Company
Ripley
Mr. Morawetz
Morawetz
Atchison
The
Road
Walker D. Hines
Business Troubles Petitions in Bankruptcy Filed in Court
Petitions in bankruptcy were filed in the United States District Court yesterday, signaling financial distress for several businesses. The filings indicate asset and debt details under review, with creditors awaiting court action on proposed reorganization plans.
MENTIONED IN THIS ARTICLE
United States District Court
Foreign government securities bid and asked
Bid and asked prices for German and Bavarian government bonds with notes on yields and issuers. C of Munich 4s 98 14 99, Bavarian gov 4s 99 100, Hessian gov 3s 91 82, C of Augsburg 4s 98 90, C of Fon-M 3tgs 80 0 A115 Hamburg gov 4s 80 81, Mex gov gold s 100 101, C of Cologne 4s 98 14 BB 15)
MENTIONED IN THIS ARTICLE
Bia
Munich
Augsburg
Fon-M
Hamburg
Cologne
Also Mentioned on This Page
Mintyre
Trust Company
Equitable and Mercantile
Higgins Sues CO
Brooklyn
Guaranty Trust Company OF New York
Qbocker Trust
Atlantic Coast Electric Railroad Co
Bay Shore
N. Y
Union Free School District
Columbus, Buckeye Lake & Newark Traction Co
DuBois Electric & Traction Co
Fifth Avenue Estates General
Fort Madison Water Co
Leadville Light & Power Co
Marietta, Columbus & Cleveland Railroad Co
Missouri Pacific Railway Co
Michigan United Railways Co
Northern Cambria Street Railway Co
Patchogue Mfg. Co
Pelham Manor
Village of
Rochester Gas & Electric Co
Consolidated
Rochester, Syracuse & Eastern Railroad Co
Rockland Light & Power Co
Rocky Mountain Coal & Iron Co
Safety Insulated Wire & Cable Co
Sing Sing Gas Mfg. Co
Southern States Land Co
Watervliet Hydraulic Co
Ist
Mexican Central Railway Company, Limited, National Railroad Company of Lexico
Justment
Union of Mexican Central Railway Company, Limited
National bin Coma
Gova New Company
Ferrocarriles Nacionales de Mexico National Railway
Swiss Bankverein
New York Stock Exchange
Central Trust Company of
I i Railway Company Limited
First Consolidated Income
Vv. R. Weyant
Broad Street
New York City
United States Mortgage & Trust Company
Cedar Street
Auburn Telephone Company
Camden County
N. J
Improv
Catlettsburg
Kenova
Ceredo
Wate
Cold Spring
Elberton
Elyria
Englewood
N. Low
Franklin County
Bridge
International Magazine Company
Lawrence Water Company
Long Island City
Flushing
Minneapolis
United States Mortgage & Trust Co
Valley Counties Power Company
Wisconsin Central Ry
Marshfield & S.E
Superior & Duluth
American Excha National Bank
New UK
Edward Burns
O. H W. Cheney
Winslow, Lanier & Co
Mari
Santa Fe
Charles Efros
Madison Avenue
American Oil Cloth Company
Kramer & Rosenberg
Bennett Berman
Francis H. Griffin
Gedalia Greitinger
Division Street
Abraham Shapiro
Isidor Groob
Bernard Schneider
Roderick Tern, Jr
Hendrick Hudson Iron
and Steel Works
West Fifth Street
National Blue Print Company
William L. Brower
Elmer P. Morris Company
George E. Leonard
Herts Brothers
West 38Th Street
Arnold, Constable & Co
Julius KE. Siegel
Alexander Reiman
S B. Cornell
Daniel I‘e
Fulton Street
Daniel Cornell & E
Elias Schattman
George ¥. Churchill
Vincent
Fabine
Volunary
John F. Cambies
13Th Street
Cooke
Fran- Carlton
Cols Chauvelot
Sixth Avenue
George Bieler, Son & Co
Cincinnati
American Palace Car Company
William Street
George A. Dunham
Beach & Chapman
Townsend & Dix
Nassau Street
Lord’s Court Building
George A. Denham
Columbia
Beulah
Frontenac
William E. Verplanck
Louis Sherman
Third Avenue
Ninth Avenue
Ninth Avenues
Jacob Shelman
T.eens Resarst
Broad St
W. Y
Foreign Government
Union Pacific
Beni Be
Skiesigen Queige Et
Eee Cerapgor
Pennsylvania
Tladelphia
W. Kanawha
Michigan
Nmaa
Inc
Northern Central
West Jersey
Erie
New Orleans
Texas Pacific
Long Island
Oath of Arch— A. Ee Een
Gree
Detroit United
New Haven & Hartford
New York, New Haven & Hartford
Toronto
Hamilton
Southern Pacific
New York Stock Express
Aurora Chicago
Rae
Toee
Tez Cereero
ILGTZ
Toledo & Ohio Central
Tims
Hesap Bake’ & Ohio
Rene Acadel
Aes Son
Omariones
Ee i Ee
Fate Hocking Valley
Wabash Railroad
Elsso
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