Bankers oppose federal deposit guarantees at convention
Delegates of the American Bankers Association urged against a federal guarantee of bank deposits and postal savings. Oklahoma’s L. A. Wil em and New York’s Mark Williams defended prudent banking, while leaders urged improved inland waterways and stronger deposit confidence without government guarantees. The assembly adjourned after broad support for the stance and plans to meet next year in Chicago.
MENTIONED IN THIS ARTICLE
Tribune
Eaich
American Bankers’ Association
Bank Wes
Ittee
Ite
L. A. Wilem
Oklahoma
Mark Williams
New York State
New York
Currency Commission
Myron T. Herrex
Cleveland
Commission
Ohio
Andrew J. Kesha
Wis
Felow
Continental
Nat Lewis E. Pierson
Frederick E. Farnsworth
C Mitchell
Denver
George M. Reynolds
Jonal Bank
Chicago
Irving National Nk
Ex- LF
O. Watts
First J. Bank of Nashville
Tenn
Denver National
William G
Joseph E. Ransdell
National Rivers and Harbors Congress
George N. Beynolds
City
Strong Resolutions Attack Depositor Guarantees at Bankers Meeting
Denver reports the American Bankers Association rejects state and federal guarantees of deposits. The fed eral committee condemns mutual deposit insurance as unsound and outside government powers. warns it would spark panic and weaken strong banks. Discussions include postal savings banks and proposed amendments to national banking laws plus a push for a central bank issue facility.
MENTIONED IN THIS ARTICLE
Teur Cent
Feder
Congress
Federal Legislative Committee
Alexander Gilbert
New York Clearing House
Vital Lesses
Gilbert
Faney Tanches
Sues Ee Fcend
Bank Testimony Details 200000 Loan to McIntyre Co
Neilson Olcott of the National Bank of Commerce testified before referee Peter Olney on the McIntyre bankruptcy. The bank lent 200000 on April 22 secured by collateral, with 4 percent interest and a 90 day term. After substituting collateral, the bank covered a small cash balance and surplus of 32177.62, held for the Federal Court. no stocks were sold for later claims. Next hearing is Tuesday morning.
MENTIONED IN THIS ARTICLE
Neilson Olcott
National Bank of Commerce
Peter RB. Olney
T. A. McIntyre & Co
Olcott
McIntyre Concern
McIntyre & Co
Brokers Criticize Distillers Directors Over Dividend Books
Wall Street critics faulted the Distillers' Securities Corporation directors for closing transfer books soon after last Wednesday's dividend declaration. Brokers said this allowed dividends to go to former owners who sold their shares since the last close. The Stock Exchange committee ruled that pre October 1 transactions settled then must carry a due bill for the declared dividends.
MENTIONED IN THIS ARTICLE
Wall Street
Distillers’ Securities Corporation
Committee On Securities of the Stock Exchange
Orphan Copper Stock Plunges Amid Trading Curbs and Rumors
Orphan Copper fell sharply as curb traders discussed alleged pool violations and insider selling. About two hundred shares traded at 3 to 4 percent after an 8 percent opening, with rumors of management change denied by company secretary Walter D. Dunlap.
MENTIONED IN THIS ARTICLE
Melville D. Chapman
Walter D. Dunlap
Papermakers Strike Unsettled as Mills Start Up Soon
Watertown New York October 1 President Carey of the International Brotherhood of Papermakers says the strike remains unsettled with no prospect of settlement. Workers insist on the old wage scale and exclusive union labor. Superintendent Maye of International Paper vows to resume production and decline further talks.
MENTIONED IN THIS ARTICLE
Watertown
N. Y
Carey
International Brotherhood of Papermakers
Maye
International Paper Company
Decrease in Gold Production Across United States in 1907
The 1907 output of gold and silver from U S mines totaled 4,374,827 ounces of gold valued at 90,435,700 and 56,514,709 ounces of silver valued at 37,299,700. Colorado led in both metals with 20,897,000 in gold and 7,587,000 in silver. Alaska, California, Nevada, and Utah followed in gold, while Montana and Utah led silver production after Colorado.
MENTIONED IN THIS ARTICLE
Washington
United States
Bureau of the Mint
Geological Survey
Colorado
Alaska
California
Nevada
Utah
South Dakota
Montana
Arizona
Idaho
Oregon
Shver
Nation's Finances Show September Deficit Over Receipts
The September 1908 monthly statement reports expenditures exceeding receipts by 4.58 million dollars. Receipts rose versus August, led by customs and internal revenue gains, while total outlays climbed mainly in war navy and pension accounts. Public debt at month end stood at 968,263.60 dollars above cash in Treasury.
MENTIONED IN THIS ARTICLE
Washington
Chicago Grain and Provisions Market Report
Active demand for flour in the Northwest and reduced Southwest wheat sowing supported a firm session. Wheat closed up to 6c-8c, corn and oats firmer, provisions steady. heavy North West movement offset by flour demand. several reports pegged lower wheat plantings in the Southwest.
MENTIONED IN THIS ARTICLE
Chicago
Northwest
Southwest
Sac
Minneapolis
Duluth
Seaboard
Northwestern Railway year shows revenue decline and large surplus
The Chicago & Northwestern Railway reports for the year ended June 3 show a drop in gross revenue by 140.1 and a drop in net revenue by 2,619.24, but a surplus of 4,874,419 after all charges, taxes and dividends. Detailed figures compare operating revenues and expenses with 1917, noting freight and passenger revenue totals and torsion of net income across divisions.
MENTIONED IN THIS ARTICLE
Chicago & Northwestern Railway Company
Inc
Post&anawha
Michigan
Grose
Sanothcs
Toledo
Ohio Central
Yecomie
Slam Sianate
Chicago, St. Paul, Minneapolis & Omaha Railway
CIA Eaewugairn Ne
veseesDee
Market Report Highlights Coffee and Cotton Trading Busy
New York opening with steady to higher coffee prices driven by 14 000 bags traded and Santos reports of a strike ending while Brazilian bonds remained flat amid loan rumors. Cotton moved irregularly but closed near session lows with 100 000 bases traded and spot quotes steady in New York and Southern centers.
MENTIONED IN THIS ARTICLE
New York
Santos
London
Stock Exchange
Sao Paulo
Cabies
Havre
Hamburg
Jundiahy
New York Produce Market Report October 1 1998
Beans and peas brisk today with 1489 sacks beans 525 sacks peas. New state pea at 230 dollars with slow demand. marrow and red kidney firm. California lima softer. Scotch peas firm. Butter and cheese prices steady to firm. eggs weak for lower grades. Fruits and vegetables mixed with apples pears quinces peaches and grapes in varied demand. hops quiet. hay and straw steady. poultry active but fowls slow.
MENTIONED IN THIS ARTICLE
Rio
le Steel
Lake Upper
New York
New State
Islea
California
Lima
Liverpool
Ennsylvania
Jersey
Pine Island
Upriver
West Virginia
Delaware
Niagara
Salem
Concord
C. Do
Worden
Clinton
Wyoming
Cape Cod
Mivskmelons
Rocky Ford
Colorado
Utah
Florida
Rico
Porto Rico
Ontario
Pacific Coast
Western
Pr. Oy
Broilers
Philadelphia
Co Southern
Long Island
O State
Pennertrantia
Maine
Connecticut
Virginia
aBiTie
Canada
Poultry and produce market fluctuation observed this week
The report notes scarce Fancy fowls and broilers while overstocked averages drag the market. Spring turkeys appear plentiful but mixed quality, old turkeys scarce, ducks rising, and squabs in strong demand. Prices listed for turkeys chickens fowls and related produce vary by region and grade.
CATTLE AND HOGS MARKETS ACROSS REGIONS IN EARLY OCTOBER
Market reports from Chicago East Buffalo and Kansas City show mixed receipts and varying demand. Cattle steady to weak with steers around 440 to 473. hogs steady to lower with heavy classes about 715. sheep and lambs stronger in some regions. Note large regional totals and diverse price ranges across markets.
MENTIONED IN THIS ARTICLE
Chicago
Ape Head
Buffalo
Neas City
Utah
Toledo
Allike
European Produce Market Report Snapshot
Market notes from Oct 1 show wheat futures steady with December at 8 1 4d and March around 7s 44d. Corn quiet with American mixed and October futures around 34s. Hops steady in London at 1 10s 12 5s. Beef and mutton prices steady with various cuts firm. lard and tallow futures listed. Turpentine spirits steady. linseed trades steady in Dallas. rosin common steady.
MENTIONED IN THIS ARTICLE
London
Lake
Cleveland
Northern
New York
New York Produce Exchange
New Orleans
Seiac
Philadelphia
Calcutta
Pacific Coast
Xtra India
Life Por —Prime
Fim
Dallas
Notice to creditors in Zanesville Tire Company case
Supreme Court of New York, New York County, Levie & Dodd as receiver of Ritchings & Soutar Company issues notice to creditors. Claimants must file before February 15, 1909, at Edwin T. Greaves office, 601-64 Broadway Manhattan. Failure to file bars participation in any distribution.
MENTIONED IN THIS ARTICLE
New York County
Levie& Dodd
Zanesville Tue Company
Hitchings & Soutar Company
Lefendant
Hitchings & Soutar Com
Supreme Court of
New York
County of New York
Ritchings & Soutar Company
Ritchings & Sout
Edwin T. G
Levin L. Brown
Broadway
Borough of
Manhattan
City
Code of Civil Procedure
Edwin T. Greaves
Ritchings & Sentor
Borough of Manhattan
City of New York
Notice to Creditors Stallman Fulton Company 1908
Notice to creditors and claimants of Stallman & Fulton Company of New York City. Creditors must file verified claims with assignee Charles G. Dops at 207 Broadway Manhattan by December 1, 1908. Attorneys GOELLER SHAFFER EISLER represent the assignee.
MENTIONED IN THIS ARTICLE
Henry Bischop
Supreme Court
Stallman & Fulton
of New cm
Stallman & Fulton Company
Broadway
Borough of Manhattan
New York
Charles G. Doprs
Goeller
Shaffer & Eisler
Rssignee
New York City
Also Mentioned on This Page
Bankers
the Business Outlook
Bradford Rhodes
First National Bank of
Federe
William C. Cornwell
J. S. Bache & Co
M’intyre Loan
Curb
International
San Francisco
Julia
Alta
Justice of Alpha
Kentucky
Andes
Lady Washington
Belcher
Hest & Belcher
Occidental
Ophir Caledonia
Overman
Povest
Ls Chollar
Savage
Confidence
Sagfelcher
Cal & Va
Sierra Nevada Oz
Can Imperial
Union von
Crown Point
Ae Gould & Curry
Hale
Norcross
Chicago Grain and Provisions
Omaha
General Market Report
Ae Pease
Atlantic States
Texas
Sirgage
Sebarag
RTO
Norfolk
Sic
Baltimore
Little Rock
Wilmington
Memphis
Houston
Galveston
Charleston
Augusta
St Louis
Oke
Mobile
Savannah
Cotton Exchange
Manchester
Winnipeg
Country Mills
Kansas
Kansas City
Shorts
Barlfey
Westerday
India
South America
Continent
Brazil Keys
T&9
E. Stearine
Oleo
Patna
Rangoon
Eagle
Country Produce Markets
Baltic
J. G. Curtis & m. S&s
H. H. Hollis
S. Sanders
Vesteriar
Newton & Co
Kerns Commission Company
S Juda & Co
Pennsylvania
Telegraph
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