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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
May 16, 1908
Page
5
Representatives from over a hundred commercial and shippers groups pressed objections to proposed railroad freight rate increases. They threaten lawsuits if arbitration fails, while urging arbitration and court actions to curb rate hikes.
The Washington bureau of statistics reports April 1908 foreign trade fell from April 1907 and from the prior month. Exports dropped by 25.98 million dollars and imports by 42.07 million, yielding an excess of exports over imports of 45.99 million. Details cover merchandise and gold and reference ten months ended April figures, with varied values for exports and imports across metals and commodities.
Rio de Janeiro reports 187 statistics showing the United States as the top importer of Brazilian products, with double Germany's volume. The U S also ranks third among exporters to Brazil, trailing Great Britain and Germany. Importations by the United States fell 4 percent in 187 while exports to Brazil rose 6 percent.
Dun's Review reports trade conditions responsive to seasonal weather with modest improvements in retail sales of wearing apparel and crops, while manufacturing stays steady. Freight cars idle and railway earnings down, foreign trade worsens versus last year, but stock market gains and easing in some sectors hint at improving general tone despite irregular weather and demand fluctuations.
The text notes stronger cotton prices and growing willingness to buy for fall across cottons, woollen orders up, and large carpet and silk ribbon sales creating demand at higher prices. Overall there is cautious forward movement with added confidence.
James J. Hill, speaker at the Governors conference on natural resources in Washington, reports improved planting conditions after a Northwest tour. He predicts a bright crop outlook if trends continue and urges a nationwide education campaign to conserve natural wealth. He notes governors cannot implement farming or mining, only suggest better methods.
Receivers of the New York City Railway Company won permission to relocate the Lenox avenue car shed from its 146th street site to the old car stable block bordered by 22nd and 33rd streets and 4th and Lexington avenues. The 14 by 28 foot steel shed will be rebuilt on the 100 by 100 foot northeast corner plot at 109th Street and 9th Avenue for a $10,000 cost, per architect A V Porter. Plans also filed for remodelling multiple buildings including 14 East 41st Street, 48 and 49 Broadway, and Water and Roosevelt streets tenements with fire escapes under Tenement House Department requirements.
The Evansville and Terre Haute Railroad Company sold to Flower & Co. three hundred seventy three thousand dollars of first mortgage five percent bonds. The unsold balance of seven million remains in the treasury. Proceeds reimburse treasury for construction equipment and betterments.
Chicago grain report shows white hot weather curbing exports and triggering long selling. July wheat settles around 91 3/4 cents, corn strengthens late on bullish bids, oats ease, and provisions drift. receipts and exports data listed for week.
Burrill Brothers executed numerous Brooklyn property transfers listing each parcel by address near major avenues. Sales include buyers and sellers such as Mrs G H Putnam to J W Scully and Richard Walsh to G W Donnelson, with multiple houses along 1st 2d 6th 7th streets and 10th avenue.
Receipts totaled 170 cars of cattle and 1,100 calves, with 22 cars on sale at Jersey City. Steers steady to lower amid light supply. bulls active. cows mostly steady. Live and dressed beef prices mixed. calves slow but clearing. Sheep and lambs limited demand. hogs uneven with declines reflected in Buffalo market. Sales listed by S. Sanders, McPherson & Co., Tobin & Shannon, and others.
The Matthew J. Ward Company leased the Whitcomb House in Rochester to the Whitcomb Realty Company for W. E. Wood of the Mansion House Greenfield Mass. The term covers years with total rent $300,000. Possession begins June 1.
Hillenbrand Nassau sold to a physician at 143 West 5th Street a four story dwelling on an 18 by 102.2 foot lot. Sonn Brothers sold 476 West 142nd Street a four story American basement dwelling on 17 by 99.11 feet. Leo Hutter sold 40 East 115th Street a four story tenement on a 20 by 100.11 foot lot. M Neumann sold 240 to 244 East 119th Street a six story flat building on 50 by 100.11 feet. Salvatore Purificate sold 449 East 116th Street a five story tenement on a 25 by 100.11 foot lot. The Nevelson-Goldberg Realty Co sold two six story flats, each 50 by 100 feet, on the east side of 3d Avenue 100 feet north of 178th Street.
The Hastings Homes Company lists River View Manor sales including Alfred F. Kneen villa plot 60x10 on Calumet Ave east side, F. Taylor two lots 50x110 on Buena Vista Drive, Urwin Magill villa plot 50x100 on Ravine Drive, J. S. Poe two lots 50x150 on Euclid Ave, and Mrs. Gertrude FE Swart villa site 70x10 on Summit Drive west side.
The Ernestus Gulick Company rents offices in the Cambridge Building at Fifth Avenue and 33rd Street for thirteen years to Fitzgerald Associates led by president E. C. M. Fitzgerald.
Real Estate Exchange Salesrooms saw five auction items led by Joseph P Day with multiple properties including 138 and 140 Chrystie Street and 1994 Madison Avenue. Amounts due ranged from $3,683 to $16,400 with taxes and liens listed. one property adjourned to May 22.
Liverpool May 15 closing: wheat spot and futures steady with California and Western oats. Corn and peas show quiet or steady pricing. flour and hops steady. Meats and fats feature firm beef, pork, hams, bacon, lard, butter and cheese markets with varied steadies. Spirits, rosin and linseed oil show steady to dull movement.
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