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This newspaper page contains 28 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

May 08, 1908

Page

3

Freight rates to rise eyed by eastern railroad presidents

Eastern rail road presidents meeting at Trunk Line Association offices considered a general readjustment of freight tariffs with substantial increases likely in many cases. A five to six month traffic review was planned before carrying the plan to a final vote. Shippers groups expressed mixed opposition with some delaying action.

Mississippi Ohio River Otoes Trunk Line Association Liberty Street E. H. Harriman James Pennsylvania W. H. Newman New York Central F. A. Delano Watest F. D. Underwood Erie Charles M The Grand Trunk Oscar ©. Murray Baltimore & Ohio W. H. Truesdale Jackawanna E. B. Thomas Lehigh Valley Georss F Board of Trade and Transportation New York

Trusts Join in Close Business Tie Between Banks

Announcement: Farmers' Loan and Trust Company and Franklin Trust Company establish close business relations. Edwin B Marston and three Farmers' directors join Brooklyn Franklin Trust as trustees. Franklin president Southard resigns ill health. successor unnamed. Directors deny consolidation, say operations remain independent. Wall Street expects de facto merger expanding New York bank reach in Brooklyn.

Farmers’ Loan and Trust Company Franklin Trust Company Brooklyn Tribune New York Franklin Company Edwin &. Marston Hugh D. Auchincloss Moses T. Pyne Charles A. Peabody Brooklyn Company Manhattan Franklin haé@ met Farmers’ Lour End Trust Company Wall Street New York Institution

Trade Board figures show declines in imports and exports

London on May 7 reports the April Board of Trade statement shows a drop of 45,414,000 in imports and 15,657,58 in exports. The main import decline is raw materials with wool down 10,006,40 and cotton from America down 17,300,00. Exports fall in manufactured metals by 5.0 percent and textiles by an unspecified amount.

London Board of Trade America

Western Pacific Financing Plan Nears $10 Million Raise

Bankers directing the Western Pacific extension from Salt Lake City to San Francisco have not announced full capital arrangements for equipment. It is believed plans to raise 10 million dollars via short terms will be executed, likely as an obligation of the Denver Rio Grande Railroad rather than a direct Western Pacific issue.

Western Pacific Gould Road Salt Lake City San Francisco Denver Rio Grande Railroad Company

Rains Advance Corn Prices In Chicago Trade

Excessive rains along the tributary to Chicago hinder farmers from delivering ample grain for shorts relief. May corn surged as offers moved from 64 to 72.5 cents, quickly rising to 74 cents as limited receipts of about ninety cars appeared.

Chicago Ter Mery

Commission Broker Suspends On Stock Exchange Floor

Elmer A. Ellsworth, a commission broker with offices at No 50 Broadway, was suspended on the Consolidated Stock Exchange floor yesterday. Ellsworth said the suspension stemmed from customers failing to make good their margins. He had been operating on the short side of the market, a lapse not viewed as important and not affecting prices.

Elmer A. Ellsworth Consolidated Stock Exchange Yesterda Ellsworth No. 50 Broadway Bir Ellsworth

No Price Agreement Reached By Pig Iron Producers Meeting

Representatives of leading pig iron manufacturers met at William E. Corey's office seeking to align prices but took no action. The statement said the purpose was to hear reports on blast furnace conditions and find no agreement to maintain pig iron prices. Some producers already cut prices, with ore costs and regional production trends influencing the market.

William E. Corey United States Steel Corporation Lake Superior Corey

Harvestor Trust Hearing Opens in Ouster Suit

Jefferson City Missouri May 7 testimony began in the ouster suit of Attorney General Hadley against the International Harvester Company of America. The firm admits Missouri business as agent for the New Jersey company but denies state anti trust violations. Cyrus H. McCormick testified on the formation of the Harvester group and a voting trust, with key directors and financiers cited.

Jefferson City Hadley International Harvester Company of America Theodore Brace Missouri International Harvester Company of New Jersey New Jersey Company C. A. Deering George W. Perkins McCormick Perkins Harvester Charles W. Deering Comeha Lew

Byrnes argues for merger of New Haven and Boston & Maine

Boston May 7 Vice-President Timothy E Byrnes of the New York New Haven Hartford Railroad urged the legislative committee on Railroads to approve the merger of the New Haven and Boston & Maine systems He warned that Western control could follow and said electrification within twenty five miles of Boston would result An ex governor John D Long Frederick P Fish John Shepard Colonel Sydney O Bigney and George H McDuffie joined in backing the merger.

Boston Legislative Committee On Railroads Timothy E. Byrnes New York, New Haven & Hartford Railroad New Haven Boston & Maine Byrnes New England Great Western John D. Long Frederick P. Fish John Shepard Sydney O. Bigney George H. McDuffie

Mining notes on Cumberland Ely ore shipments and plant plans

Telegrams from Nevada report the first train load of Cumberland Ely ore shipped to Steptoe reduction works with regular shipments to begin by May 15. Test runs and staged in operation dates outline concentrator sections from May to July, smelter roast by June 1, and converter copper by mid June. Details from North Butte Extension ore assay describe a stringer widening with high copper and silver yields. Barnes King Co. shows March profits and mine activity, with 5655 tons milled for 1791 fine ounces and a strong silver run, despite assay charges.

Nevada Cumberland-Ely Steptoe North Butte Extension W. T. van Brunt Barnes-King Company George T. McGee United States Assay Office

Bankruptcy Petitions Filed Against Several Firms and Individuals

Involuntary petitions were filed in U S District Court against Thomas Mathews Company dealers in art goods bric a brac and furniture at 352 Madison Avenue by London Realty Company claiming 736 for an orchestrion stored there and noting other creditors and a 4000 transfer. John I Edwards dry goods and millinery at 169 Amsterdam Avenue faced involuntary action by Tefft Weller and others with claims totaling 1966 99 and alleged preferences. Jarvis W Miller carpenter and builder of Wallkill Orange County N Y faced involuntary action. voluntary petition listed assets 151 and deficits. Jerome Ahrens at 151 West 30th Street had voluntary proceedings with assets 33805 including stock and fixtures 3000 and debts 720. Isaac Walker at 29th Street was appointed receiver for Travellers Specialty Company at Union Square West with bond 3000. assets about 6000. Henry Talmadee II appointed receiver of Jerome Ahrens business with bond 3540. stated assets 3500. Deputy Sheriff Murray sold office furniture for Cuban Eastern Railroad Company at 20 Broad Street under court order, sale realizing 270. Jesse Watson mentioned.

United States District Court Thomas Mathews Company Madison Avenue London Realty Company Beverley M. Brittingham Thomas J. McManus Supreme Court John I. Edwards Amsterdam Avenue Tefft, Weller &O Peti 2 Jarvis W- Miller Carpenter and Buildt- Wallkil Orange County N. Y Joseph Jansen Newburg Jerome Ahrens West 30Th Treet Isaac Walker West 29Th Street Murray Cuban Eastern Railroad Company No. 20 Broad Street Jesse Watson

Tracing Securities in McIntyre Brokerage Case Continues

Commissioner Gilchrist hears testimony in the McIntyre bankruptcy. John G. McIntyre, principal witness, admits limited personal funds while revealing missing profits and a $60,000 bank loan secured by stock collateral. Check kiting and irregular certifications surface as Ernst seeks to recover $18,600 from stock in collateral. The hearing resumes with further testimony from Thomas A. McIntyre Jr. and bank actions to recover securities worth $18,500 against a $31,800 claim.

T. A. McIntyre & Co Gilchrist Federal Building John G. McIntyre Stock Exchange WW. Waer Consolidated National Bank Charles C. Burlingham Fim Missouri Kansas Texas Jonn G. McIntyre Ernst Ryan McIntyre Brandt Walker Thomas A. McIntyre, Jr Corn Exchange Bank McIntyre & Co

Stock Exchines Fury Over McIntyre Remarks Denied

Officials and members of the New York Stock Exchange denounce alleged statements by Thomas A. McIntyre of T A McIntyre & Co claiming brokers hypothecated securities bought for clients. Counsel for McIntyre and the exchange agree such remarks were likely misimpression. a drastic investigation will begin.

New York Stock Exchange Thomas A. McIntyre Stock Exchange T. A. McIntyre & Co Exchange T. S. Ormiston McIntyre Mr. Ormiston the Exchange George W. Ely The Stock Exchange House

Rebating fine case ends as Pomeroy dies

The New York Central was fined 108000 on October 19 1906 for rebating with Frederick L Pomeroy jointly indicted. Pomeroy died before judgment could be collected and Judge Holt voided the fine against Pomeroy. United States Attorney Stimson appealed arguing the fine could be collected from Pomeroy's executors before a three judge panel.

New York Central Frederick L. Pomeroy Railroad Company the Central Pomeroy Holt United States Stimson Lacombe, Ward and Noyes Pomeroy Estate

Public Service Corp NJ authorizes 50 million mortgage

Camden May 7 The Public Service Corporation of New Jersey board approved a first mortgage on all corporate property securing a 50 million par issue of 6 percent gold bonds dated May 1 1908 The mortgage covers real estate gas and electric property leases and pledges all shares and bonds of underlying companies.

Camden N. J Public Service Corporation of New Jersey

Appellate Division affirms railroad certificates

Albany May 7 two unanimous Appellate Division decisions sustain the old State Board of Railroad Commissioners granting certificates of public necessity and convenience to the Schenectady and Margaretville and the Hancock and East Branch Rail roads. The lines form part of a coal carrying route from Schenectady to Wilkes-Barre in competition with the Delaware and Hudson.

Albany Appellate Division 8Th Department Old State Board of Railroad Schenectady & Margaretville Hancock & East Branch Schenectady Wilkes-Barre Penn Delaware & Hudson Mility

Extensions of Mersey Docks Driven by New Ships

Liverpool May 7 The Mersey Dock Board approves extensions costing 15 million dollars due to rising American trade and anticipated White Star Line ships nearly 1000 feet long. Extensions aim to handle the leviathans, though New York Harbor bulkhead plans remain unclear.

Liverpool America Mersey Dock Board White Star Line New York Harbor North River

Foreclosure suit on $54,000 mortgages in Supreme Court

A suit to foreclose mortgages aggregating 54000 dollars owned by the Churchill Realty Company was begun yesterday by N Taylor Phillips in the Supreme Court. The property lies on the south side of West Eleventh street, No 206 to 508 and adjoins.

Churchill Realty Comom ]Pany N. Taylor Phillips Supreme Court West Ééth Street No. 206

Theatre sale sparks churchill realty litigation details

James Churchill, proprietor of the restaurant bearing his name, stated last night that he sold his stake in Churchill Realty Company four months ago and has no involvement in the current litigation. The remark facilities are aimed at clarifying ownership and responsibility in the dispute at the Gayety Theatre.

Ing the Gayety Theatre James Churchill Churchill Realty Company

Stockholders Increase in Number Across Railroads and Firms

Transfer books show large gains in stockholders for several firms. The Chicago Milwaukee St Paul Railway surpasses 10,000, up from 6,000 last August. Chicago Great Western, up to over 9,000 from 7,500 last September. New York Air Brake rises to 1,200 from 400 last October. American Cotton Oil holds 2,462, down from 2,511 last fall. Hocking Valley Railway and Union Typewriter also report sizable increases.

Chicago, Milwaukee @ St. Paul Railway Company Chicago Great Western Raiilway Company New York Air Brake Company American Cotton Oil Company Hocking Valley Railway Union Typewriter Company

Frivolous, says P. R. R. answer in suit over fares

The Pennsylvania Railroad Company filed its answer to Robert Bacon's suit seeking a uniform Pittsburg to Ohio fare. It claims current fares are just and reasonable under Interstate Commerce laws and denies a 2 cent per mile rate. The answer calls the bill frivolous and defective.

Pittsburg Pennsylvania Railroad Company Today Robert Bacon Ohio Bacon Pennsylvania Indiana Ilinois

Gas Meters Visibly Register Too Fast in April Tests

Public Service Commission inspectors examined 651 meters in April on complaint and found 861 or over 6 percent were too fast in registering gas usage while 214 ran too slowly. Only 76 or about 11 percent were correct. Average excess speed of 361 meters was 2 percent. Show meters ran 2.33 percent behind proper pace. Through April 30, 1908, 5,018 meters had been tested on complaint since July 1, 1907.

Public Service Commission

Standard Oil fights Indiana fine appeal

Chicago May 7 The Standard Oil Company of Indiana began a new fight to escape the 29 240 000 fine levied by Judge Landis John F Miller for the company argued the appeal that the oil firm did not know it was using legal rates and that each train load of product should have been the basis of a shipment rather than each car as charged in the indictment.

Chicago Standard Oil Company of Indiana Landis John 5. Miller

Trust association admission debated at Clearing House

At a Union League Club dinner for Clearing House Bank presidents Alexander Gilbert led talks on admitting trust companies as associate members. William A. Nash urged action but no definite plan emerged. The main issue centered on whether a 15 percent reserve basis suffices for such admission.

Alexander Gilbert Clearing House Association Clearing House Union League Club William A. Nash Corn Exchange Bank

Indian Commissioner at Garden Visit

Francis E. Leupp, Indian Commissioner, visited Madison Square Garden where Indians were lined up for inspection. A welcome address praised Colonel Cody for his work with the red men, and Iron Tail spoke through Harry Bright Eyes while Lone Bear noted he could almost speak English.

Francis E. Leupp Madison Square Garden Colonel Cody Iron Tail Harry Bright Eyes Lone Bear

Cobalt Prices in Toronto Trading Data Scraped

Daily price table listings show mixed cobalt bids and asks across several firms and locales. Entries mention Buffalo Peterson Lake Watts Kerr Lake Nipissing and Crown Reserve among others with scattered bid and ask figures, including cent values and percentages.

Stewart & Lockwood Exchange Place Buffalo Peterson Lake Silver Leaf Ee Lake Silver Queen Watts Conlagas Amu New Temiskam Tiveen Meehan Trethener Kerr Lake Rel Rock McKinney Crown Reserve An Nipissing Speaes Nipis Deva Scotm

Foreclosure Sale in Manhattan Real Estate Case

Supreme Court of New York County schedules foreclosure of two Manhattan parcels at 227 Washington Street and 87 Barclay Street. Referee Terence J. McMants will auction April 16 1908 at 1 PM at 114 Jersey Street, Manhattan, with bid amount around 45975 plus interest and costs. Later adjournments set for April 30 May 18 1908 with notices posted.

Upreme Court County OF New York Maximilian Fleischmann Gertrude R. Waldo Jesey Street Borough of Manhattan City of New York Joseph P. Day State of New York Washington Street Barclay Street Mary E. Newbold Laura V. Rhinelander Mary R. Swan Mary L. Gallatin Mary J. Gallapin Gertrude R. Wade Barclay Terence J. McMants Frederick S. Jackson Madison Avenue Borough of Manhattan Tisty Terence J. McMant Polar Terence J

Sealed bids for Water Board projects in Ulster and nearby areas

Multiple notices announce sealed bids or proposals by the Board of Water Supply for projects including the construction of a field office building in Marbletown Ulster County and the Wallkill pressure tunnel in New Paltz Gardiner and Marbletown. Bids close May 12 1908 or June 2 1908 with pamphlets obtainable for set fees. and other government solicitations cover ordnance supplies and immigration related services at Ellis Island and Tompkinsville.

Eadvertisement Board of Water Suply Board Broadway New York Board OF Water Supply Marbletown Ulster County John A. Bensel Charles N. Chadwick Charles A. Shaw J. Waldo Smith Thomas Hassett Wallkill New Paltz Gardiner HN A. Bensel Charles & Shaw Al—Ester County Ohn A. Bensel Ee A Rock Island Arsenal Hook Island Hobbs Tion Department of Commerce and Labor Wash Ellis Island Ellia Island York City Commissioner of Immigration 3 Island New York Harbor Robert Watchorn Tompkinsville N. Y Southwest Ledge New London Harbor Connecticut N. C Watertown Arsenal Watertown Mass Frrisce Ae Donington District of Columbia Washington, D.C Henry B F. Macparlany Henry L. West Jay J. Morrow

Also Mentioned on This Page

Join Trust Companies Farmers’ Loan Directors Franklin Western Pacific Financing Plan Queer Sapo Eribune Jersey P. S. C Mersey Docks Sues Churchill Realty Company P. BR. R Standard Garden Clinton Gilbert Allance Realty Law Mtg Co Am Surety Co Lincoln Oeeree Mount Vernon Bowling Green Esee Mercantile Metropolitan Mtge Bond Co Ee Carnegia Cas Co Mutual Allance Ameweess City Invest Coumbla Y Trust Co Empire Tr Co Queens County Realty Assoc Fifth Ave Standard Trust Ag Flatbush A T Gr & Tr Co le Co Frederic H. Hatch Ambee Otis Elevator Babcock Ola Dom Barney Prate & W Borden's Empire iEnion Ferry United Bk Kirby Lom Ascot P&f T&s Pe & C Sun C Co Toronto Solite Barclay ST FICS Whitehall Street New York City A. L. Smith Ge UC Army 1St Ave 89Th At East 25Th St Tremont Ave 3D Ave Philadelphia Fourner Charlies D. Barney & Co South Am Cement Lenigs Val RR Am Ry Co Cambria Steel Phila Co Yrofn Jd Ao Bat Penn R Co Elec Co Phila Elec Free & Pear Lakes OF the Adirondacks Hotel Champlain Lake Champlain Clinton County York Sth Robert Murray Fort William Henry Lak George Aimee Saratoga Spring Sth Ave J. F. Wilson Oranges Sulliven Ulater Delaware New York, Ontario & Western C. Vacation Bureau Ambus Ave Ave West 125Th St Desbrosses St. Ferries Beaver St Court St Nostrand Ave Aaxderson Trafic Prospect House Shelter Island Heights St Mat Politan Biig Madison Ave Pelephone Gramersx R Martin Chalfonte Atlantic City the Leeds Company Marlborough Blenheim Alana Josiah White Traymore Traymore Hotel Company CHAS Marquette D. & White Hotel Dennis Walter J. Suzby Montclair Montclair, N. J LA Toure Ourete Hoolslet Enetos Nnsylvantia Kittatinny Elaware Water Gap Pa Noe Kittatinny Park Seattle G Frank Berkshire Maplewood Pittsfield Arthur Wood Connecticuty New London Conn Starin Long Island Sound Hudson River Richmond Hocls A & Tal Cortlandt Pro Phone Cortlandt Glen Sea Gull Brealitz School OF Language Madison Square Harlem Lenox Ave Sear Lit Court Strummer School Asburt Park American and Foreign Teachers Agency M. J. Toung Ulton Cee Femre
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