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This newspaper page contains 19 articles. Subscribers can read the full text of each article.

Newspaper

New York Tribune

Location

New York, New York, United States of America

Date

Nov 06, 1908

Page

3

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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
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