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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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