Argument in 0-cent gas case at Supreme Court
Washington November 5. Supreme Court heard arguments in a New York gas case. James M Beck Charles F Mathewson and John A Garver argued the statute discriminatory for setting gas price caps while limiting city charges. They warned of dire railroad investment damage if the doctrine prevailed. Mathewson contended a lighting firm could not be forced to sell at a loss and Garver argued that special franchises are property the legislature cannot ignore.
MENTIONED IN THIS ARTICLE
Washington
New York
United States Supreme Court
Jamesm. Beck
Charles F. Mathewson
John A. Garver
Mr. Beck
San Francisco
Mathewson
American Securities Abroad Market Summary
London trading opened weak on American securities amid profit taking but improved late. Prices list futures and bonds with New York equivalents and various foreign money market rates shown. British consols, French rentes quoted with current exchange figures and discount rates for Paris and London.
MENTIONED IN THIS ARTICLE
London
New York
Paris
Paris Exchange
Bertin Exchange
Bargold, Tis
Bank of England weekly returns show reserve shifts
London reports a weekly Bank of England summary with a fall in total reserve by 936000 pounds and a rise in circulation of 427000 pounds. Bullion drops 509000, other securities and deposits rise, public deposits fall 1296000, government securities steady. Reserve ratio 52 percent, discount rate steady at 2.3 percent.
MENTIONED IN THIS ARTICLE
London
Bank of Ngland
TWO INDIAN BANKS RAISE RATE
Calcutta notices the Bank of Bengal lifting discount from 4 to 6 percent and Bombay reports the Bank of Bombay increasing from 4 to 5 percent. Lucius Tuttle is re elected president of Boston and Maine Railroad at a directors meeting in Boston on November 5.
MENTIONED IN THIS ARTICLE
Calcutta
Bombay
Bank of Bombay
Lucius Tuttle
Boston
Boston & Maine Railroad Company
Canadian banker elected director at Mackay Companies
I. V. Meredith of the Bank of Montreal in Montreal was elected a trustee of the Mackay Companies at a trustees meeting yesterday. Shareholders in Canada now have two representatives on the board, the other being R. A. Smith of Toronto.
MENTIONED IN THIS ARTICLE
I. V. Meredith
Bank of Montreal
Montreal
Mackay Companies
Canada
R. A. Smith
Toronto
Chicago Grain and Provisions Market Reverses Losses
Fresh news from Argentina sparked initial weakness in the wheat market but late short covering left prices near the previous close. Corn and oats fell, provisions steadied as buyers in Chicago, Winnipeg, and Duluth showed export interest while receipts rose and cash demand paused.
MENTIONED IN THIS ARTICLE
Chicago
Liverpool
Argentina
Shorts
Winnipeg
Duluth
New York
Minneapolis
Standard Oil Methods Highlight Testimony at Hearing
Testimony yesterday before Special Commission covered Standard Oil tactics. Blaustein admitted acting as Eureka agent and using misnamed letter paper. Williamson received Standard oil in barrels, while Red C Oil countered with artificially colored oil claims to gain trade. A Gand Oil Refining Company operation in Richmond was staged to protect Standard interests. M. L. Case described oil field evolution from 15–17 cents a barrel to about $1, with farmers owning leases taking one sixth of crude. Crawford noted independent Ohio production was lucrative and Buckeye linked producers to pipelines. Hearing continues today.
MENTIONED IN THIS ARTICLE
Eo Ees Scone En Eeenienon Pany
Richmond
Standard
M. L. Case
Bowling Green
Ohio
Lima
Frank J L. Crawford
The
Buckeye Company
Oakleigh Thorne Defends Suit Over $83,000 Claim
John W. Herbert sues Oakleigh Thorne president of the Trust Company of America to recover 83000. Herbert asserts he was induced to buy 100000 worth of Inter national Fire Engine stock misrepresented as valuable. Thorne denies the allegations in court before Justice Newburger and a jury.
MENTIONED IN THIS ARTICLE
John W. Herbert
Oakleigh Thorne
Trust Company of America
Justice Newburger
Supreme Court
Herbert
International Fire Engine Company of New Jersey
Thorne
Wall Street Postman Arrested for Mail Theft
William Kirn a Wall Street station letter carrier was arrested by post office inspectors on a charge of stealing from letters. He faces $2500 bail and a federal grand jury proceeding. Inspectors allege eight letters to the American Kennel Club and two decoys were taken. Kirn confessed though he denied prior thefts. He cites family troubles and says he joined the postal service in 1901. Kirn, 30, resides at 26 East 35th Street and was moved to Wall Street in 1906. The United States Guaranty Company bonded him for $1000.
MENTIONED IN THIS ARTICLE
William Kirn
Wall Street
Post Office
United States
Shields
Kirn
American Kennel Club
Liberty Street
Kim
East 35Th Street
General Post Office
United States Guaranty Company
Schooner Frank Barret Burned At Sea
The schooner Frank Barret burned at sea between October 27 and November 1 while en route from Boston to Brunswick Georgia to load lumber. Captain Francis and five crew members were rescued by the United Fruit Company's steamer Brewster and landed in Jamaica.
MENTIONED IN THIS ARTICLE
Jamaica
Boston
Frank Barret
George McQuesten Company
Francis
United Fruit Company
Brewster
Port Antonio
Frank Barnet
Brunswick
Steel Rail Reduction Denied by Major Steel Firms
Representatives from United States Steel, Lackawanna Steel, Pennsylvania Steel, and Maryland Steel rejected Pittsburg reports that rail prices would drop from 23 to 24 dollars per ton. They said the issue of a reduction had never been considered.
MENTIONED IN THIS ARTICLE
United States Steel Corporation
Lackawanna Steel Company
Pennsylvania Steel Company
Maryland Steel Company
Pittsburg
Railroad Earnings Across Major Systems in 1906 July-Oct Totals
A compilation of railroad earnings and mileage figures for systems including Canadian Northern Southern Illinois Central Grand Trunk International & Great Northern Louisville & Nashville Missouri Pacific Yazoo & Mississippi Valley for periods from July 1 to October and fourth weeks in October. Net earnings integers are listed alongside gross earnings and operating expenses, with deficits noted for some periods.
MENTIONED IN THIS ARTICLE
Central Branch
Southern
Illinois Central
International & Great Northern
Louisville & Nashville
Missouri Pacific
Yazoo
Mississippi Valley
Market summary from a Chicago price report
Wheat and corn figures with December and May quotes, London copper and tin moves, soy and linseed notes, and broad commodity pricing. Includes molasses and syrups, petroleum, cotton seed oil, lard, pork, beef, and sugar markets with multiple price levels and delivery months.
Market Report Gains and Drops in Coffee and Cotton
New York November 6 1908 Coffee market closed steady after a day of declines with a net drop of 10 points on light buying. selling 26 000 bags and a rise in world visible supply. Cotton fluctuated irregularly with heavy selling, closing near the lows but off the day’s high, 225.40 bales estimated in spot and mixed regional activity reported across Southern markets.
MENTIONED IN THIS ARTICLE
New York
Iisidie
Jundiahy
Cabies
Sao Paulo
Rio
Exchange
Clearan
Europe
Santos
Hamburg
Havre
Manchester
New England
New Orleans
Texas
Gulf
Mobile
Savannah
Charleston
Norfolk
Baltimore
Augusta
St. Louis
Little Rock
Sic
Galveston
Wilmington
Memphis
Houston
Bates
Cotton Exchange
Liverpool
Kansas
New York Produce Exchange
Chicago
Duluth
Winnipeg
Broomhall
Minneapolis
New York Market Report Beans and Peas 1908 Prices
New York November 5 1908 Beans and peas receipts today 1600 sacks beans 650 sacks peas. Market steady to firm on marrow beans with preferred lines offered at 242 245 cents. Red kidney 250 cents, California lima 305 cents, Scotch peas steady. Butter receipts 8054 pkgs prices rise for fresh and storage goods. Eggs 16999 cases demand strong with rising quotes. Fruits show firm apples pears and grapes with many regional prices listed. Hops quiet with limited activity on best lots.
MENTIONED IN THIS ARTICLE
New York
Rio
California
Lima
Western Imitation
Liverpool
Pennsylvania
McIntosh
de Meiden
Do Ben Davis
Do King
de Spitzenberg
Northern Spy
Do Baldwin
Hubbardeon
Sheldon
Do Kieffer
Delaware
Do Niagara
de Concord
Do Concord
Cape Cod
Jersey
Florida
Satsumas
J. Sade
Eiger
Mixed Straw and Poultry Prices in Local Market Report
The market notes mixed grain prices and a heavy poultry load as Western freight cars unload before noon Tuesday. Chickens, fowls, turkeys, ducks, geese, and squabs show variable demand with firm spring turkeys and steady to easy fowl prices. Vegetables and potatoes display broad fluctuation across varieties, while lambs and hogs are reported with steady to slightly different bids, reflecting cautious market sentiment.
Beeves and Calves Market Report with Mixed Totals
Receipts include 1 244 head with 63 cars consigned to slaughterers and 7 to Friday's market. No live weight trading today. Dressed beef steady with sides at 10 c per lb. Calves receipts 162 head with 120 to local butcher and 42 for market. market quiet but steady. Veal prices around 5 to 5 50 per 100 lb. calves 3 50 to 4 50. dressed veals higher with city at 14 per lb and country at 6 ide. Sales noted from Tobin & Shannon.
MENTIONED IN THIS ARTICLE
Chicago
New Orleans
London
Lake
Cleveland
Philadelphia
New York
Linse“D
Calcutta
Bryine
Kansas City
Omaha
India
Ile
South America
Patnaforeten
Rangoon
Arbuckle Brothers
Federal
American and
Howell
Muscovado
Cuba
Newton & Co
Virginia
Parence
Tobin & Shannon
Ohio
Kerns Commission Company
Buffalo
Fred L Kratz
West Virginia
S. Judd & Co
Pennsylvania
Sanders
New Yorks
Tobin
Shannem
Liverpool
60Th Street
Goto
Cattle and Hog Prices Rise Across Markets in Nov 5 Trading
Chicago and other markets report higher cattle and hog quotes with steady to firm demand. Cattle estimated receipts around 5,000 head in Chicago with steers near 84 to 4987 dollars, cows and heifers around 25 to 40 dollars, and stockers at 22 to 25 dollars. Sheep and lambs show gains. hogs strong, butchers and shippers bidding up to about 8.25 to 9.65 dollars per cwt. East Buffalo notes firm prime steers 6.50 to 6.50. veals steady, hogs active. southern and western cattle and sheep varied by region.
MENTIONED IN THIS ARTICLE
Chicago
Ieen
Innatl
East Buffalo
Westers
Pittsby
European Produce Market Close amid Mixed Futures
Liverpool November markets report steady wheat futures with small moves in December March and May. Spot corn uneven while peas, winter patents, lard and butter hold firm or steady. turpentine and petroleum quote steady with minor shifts. Strong India goods noted amid overall quiet activity in pork and hams.
MENTIONED IN THIS ARTICLE
Ted Corn
London
India
Cumberland
United States
Also Mentioned on This Page
Beck
James M
American Securities Abroad
Bank OF England
von Schaick & Co
Dames Railway
T. Sv Jag & P
Cent Trust Eowoe
Third NatiUnion Trust
Bank
HS Iyort Fidelity & Dep
Standard Oil Methods
R. L. Kay & Co
Cal & Hecla
Best & Albany
Cf Br&usy
Fitchburg
Franklin
NH & H
Granby
Old Colony
West End
Mobewk
Butte
Am Tel & T Co
Eng
Tel & T Co
Tamarack M
U 5S Smelters Co
Arcadian
Asec
Atlantic
Utah Gases
Shannon
United Fruit
Boston Cons
Stewart & Lockwood No. 43 Exchange
Beaver
McKinley
Nipissing
Nova Scotia
Coniagas
Peterson Lake
Crown Reserve
Foster _ t
Temiskaming
Kerr Lake
Trethewey
West Ee
Cogese
New
General Market Report
Country Produce Markets
Southern Indiana Railway
United States Circuit Court For
District of Indiana
Asen
Indiana
Potter, Choate & Prentice
Nassau Street
Proctor & Borden
Broadway
Chicago & Alton Railroad Co
TSE Mercantile Trust Company
Standard Steel Car Company
Chicago & Alton Railroad Compan
Oneien
Eriog
Sealeiy
William
Broad Street
Salomons& Co Bankers
la Salle Street
Broilers
Michigan
Onilo
wWe
Maine
Long Island
Nearby
State
Lima Feans
Persto
Okra
Connecticut
Orange County
Atpeas
Romaiye
S&s
Stete
Spivach
Jud@ & Co
S Sanders
Charles D. Barneyee
South 4Th Street
Scat Am Cement
Am Ry Co
Lehigh Val
Ceveee Se
Cambrig Steel
Aoa BS Phila Ca
Bat Co
Elee Co
Am Steel
Fairmount
Lake Sup Corp
Cnter Traction
UN Gas Imp Co
Weisbach Co
Phila Elec W
Phila Co