Treasury Circular Warns of Sharp Demand for One Dollar Certificates
The National City Bank circular notes strong demand for small bills, especially one dollar silver certificates, amid dwindling free silver reserves and rising costs of shipping currency by registered mail. Banks may rely on fractional coin, half dollars, or redeem large silver certificates to ease strain, while national bank note circulation remains stable despite business shrinkage.
MENTIONED IN THIS ARTICLE
National City Bank
Treasury
General Fund
Congress
The
Express
Post Office
Anti bucket shop law drives reform on Wall Street
Charles H. Radeau of the Consolidated Stock Exchange praises the anti bucket shop law as a purge of nefarious practice. He predicts increased business from bucket shop clients as the law takes effect. William F. Bishop notes little change in New York City where few bucket shops remain. Bucket shops previously fled Wall Street, with few remaining in Brooklyn, while older districts discouraged them. The law's impact will be strongest in smaller towns possibly forcing closures or forcing new connections with legitimate exchanges.
MENTIONED IN THIS ARTICLE
Charles H. Radeau
Consolidated Stock Exchange
Bucket Shop
Wall Street
William FE. Bishop
Brooklyn
American Car Declares Dividend Amid Bear Rumors
The American Car and Foundry Company approved a quarterly dividend of 14 percent on preferred stock and 0.5 percent on common stock payable October 1. Earnings for the quarter ended July 31 reached 684 041 dollars, with prior provisions for four common shares payments. Separately, Rock Island bonds paid interest, quashing circulating fears of missed payments.
MENTIONED IN THIS ARTICLE
American Car and Foundry Company
Wall Street
The
Tribune
Chicago, Rock Island & Pacific Railroad Company
First National Bank
Bears
Rock Island
Father Killed Before Son in Plant Explosion
Niagara Falls September 1. John G. Clifford president of United Oxygen and Chemical Company was blown to pieces at the plant in the presence of his eighteen year old employee Roger. A tank of oxygen charged to 2200 pounds exploded. The boy was not injured.
MENTIONED IN THIS ARTICLE
Niagara Falls
N. Y
John G. Clifford
United Oxygen and Chemical Company
Em Roger
Militias Prepare Charges Over Park Row Clash After Parade
Lieutenant H. T. Ashmore announced charges against Inspector Russell and Lieutenant O Connor for assault on Sergeant Foley during the Park Row confrontation after the Olympic athletes parade. Major Burr to represent the militia. Ashmore seeks court action to enforce the marchers right of way.
MENTIONED IN THIS ARTICLE
Park Row
H. T. Ashmore
12Th Regiment
Russell
O'Connor
Foley
Company I
Ashmore
Nelson B. Burr
City Hall
Burr
Park Place
Inspector Russell
Wingate
United States
Baker
Noise Laws Mixed in City Codes Limit Nuisances
Police and health officials enforce broad noise rules as aldermen review a proposed code. The draft groups street noises under Prohibition of Nuisances, bans loud music and noisy handling of rails, and restricts huckster cries near schools. Hospital zones curb health-threatening noises, and sanitary rules ban noisy animals to protect residents.
MENTIONED IN THIS ARTICLE
Bingham
PoMce
Board of Aldermen
Cotton Crop Conditions and 1908 Yield Report
The crop reporting board places August 25 cotton condition at 74.1 percent of normal, compared with prior years’ figures. The 1908 yield totals 11,530,002 bales with 7,460,835 bales exported and 4,069,166 bales used by mills. Trade figures show private estimates higher than government estimates, with prices easing despite bears’ activity.
MENTIONED IN THIS ARTICLE
Washington
Crop Reporting Board
The
Bureau of Statistics of
United States Department of Agriculture
United States
William W. King
New York Cotton Exchange
Europe
Great Britain
Germany
France
Japan
Canada
Reorganization Plan for Norfolk & Southern Proposed
The Norfolk and Southern Railway reorganization committee led by George C. Clark outlines a plan to form a new company with $12,000,000 first mortgage bonds at 5 percent for fifty years and $16,000,000 in stock, totaling $28,000,000 capitalization replacing $37,500,000. Fixed charges drop from $1,270,000 to $65,000. Bonds cover $5,780,000 for cash needs including retirement of collateral trust notes, $3,220,000 for underlying bonds, and $3,000,000 for future needs. The $16,000,000 stock issues at $1,142.80 per $1,000 bond, preserving old company investment by par in stock. New company cash requirements set at $5,573,631.
MENTIONED IN THIS ARTICLE
Norfolk & Southern Railway Company
George C. Clark
Europe’s Traction Systems Studied by U S Official
Edward M. Bassett of the Public Service Commission returned from two months abroad with a report on street railway systems in London Paris Munich Budapest Vienna Berlin and Paris. He praised German networks for economy and safety while noting England’s solid but slower progress and Paris’s profitable subways. Bassett collected data and photographs detailing European practices.
MENTIONED IN THIS ARTICLE
Edward M. Bassett
Public Service Commission
England
Continent
Kronprinz Wilhelm
Bremen
Bassett
London
Paris
Munich
Budapest
Vienna
Berlin
Germany
Board of Trade
Europe
Philadelphia Bonds Awarded For City Improvements
William A Read & Co of New York was awarded the bulk of Philadelphia s 10 000 000 bond issue at 4 percent with 30 year redeemability. Twenty seven bids were received and Read won 9 000 000 while Harvey Fisk & Sons secured two blocks at 108 34 and 103 59. Proceeds fund city improvements.
MENTIONED IN THIS ARTICLE
Philadelphia
William A. Read & Co
New York
Read & Co
Harvey Fisk & Sons
Oil Well Fire Near Tampico Extinguished
Mexico City reports the great Tampico oil well fire ended last Sunday after two months. Six centrifugal pumps flooded the bore with gravel and mud for ten days while dynamite blasting helped smother flames. The well now flows about two thousand barrels daily, oil stored in a vast reservoir nearby. An estimated three million barrels valued at $3,000,000 were consumed.
MENTIONED IN THIS ARTICLE
Mexico City
S. Pearson & Sons
Tampico
McGovern Slain After Assault by Unknown Foe in West 43d Street
Police pursued leads yesterday after Philip McGovern was attacked from behind near his West 43d Street home. The blow fractured his skull with a gas or lead pipe, leading to his death despite immediate hospital care. Investigators weigh political enemies versus robbery as possible motives.
MENTIONED IN THIS ARTICLE
Philip McGovern
Tammany
McGovern
West 43d Street
Rcom
Henry F. Quackenbos
No. 264
West 57Th Street
Outers
Bids Opened for Catskill Aqueduct Project
Twenty one firms bid to build three miles of the Catskill aqueduct from Ireland Corners to New Hurley in Ulster County. Chief Engineer Ebensel estimated the cost at about 1.3 million dollars with a 30 thousand dollar deposit. No award was made as bids cover twenty four items and will be tabulated. The winner faces three years and eight months to complete the work.
MENTIONED IN THIS ARTICLE
Board of Water Supply
Catskill
Ireland Corners
New Hurley
Gardiner
Plattkill
Shawangunk
Ulster County
Ebensel
Education chiefs split on women teachers shaping boys
A debate over gender and athletics in schools unfolds as George W. Ehler denounces women teachers for allegedly feminizing boys. General George W. Wingate argues women can guide boys until age twelve, then a male teacher becomes essential.
MENTIONED IN THIS ARTICLE
George W. Wingate
Public Schools Athletic League
Board of Education
George W. Ehler
Beys
Johnny
Wingate
Tribune
Winifred T. Cullen
International Council of Women Opens in Geneva
Geneva hosts the International Council of Women opening session as preparations begin for the Toronto congress. American delegates include Mrs. Kate Waller Barrett Rev Anna H Shaw Mrs E B Grannis and Miss B M West. Lady Aberdeen delivers the opening address before a garden party at Campagne de l Impératrice.
MENTIONED IN THIS ARTICLE
Geneva
International Council of Women
Congress of Women
Toronto
Kate Waller Barrett
American Council
Anna H. Shaw
E. B. Grannis
Also Mentioned on This Page
Consolidated Exchange
Liebig Companys
Militia
Bureau
Philadelphia Bonds
M’govern Case
MANLY
Cleveland
Ehler
School Board of
Thwing
Western Reserve University
Luther H. Gulick
Public Schools of
New York City
Ehier
New York Public Schools
General Wingate
Council OF Women AT
Cables
Waldorfius
Hotel Victoria
Gordon Hotels, Ltd
Buckingham Palace
Westminster Abbey
New York Tribune
Broadway
Metropolis
A. Lotti
Continental Hotel
Champs Elysees
Notre Dame
Txileries Gardens
River Seine
Grand Hotel National
Lucerne Romae
Excelsior Hotel i
Tiffany & CO
Regent Street
NEW York House
Avenue DE L'Opera
Maple « CO
America
Giraud
London Hotels
Carlton
Goldsmiths & Silversmiths Company
Regent Street, W
Midland Grand Hotel
Manchester
Goldsmiths & Silversmiths Companies
Wa P Ltd
Liverpool
Leeds
Bradford
Midland Hotel
Adelphi Hotel
Queen’s Hotel
Derby
W Towie
Midland Railway
Shanklin
Isle OF Wight
Hollier’s Shanklin Hotel
Elec
North Wales
Waterloo Hotel
Dublin
Shelburne Hotel
the Tribune
Upper Norwood
Crystal Palace
West End
Ireland
Shamrock
Gerrard Novelties
Connemara
Qilfis
Ross
ZEISS
GOERZ
Wmanufacturin Ross, Lido, Syiias
New Bond Street
Cockspur Street
Charing Cross
Belgium
Holland
Paris Boulevard Des Capucines
Place de l’Opera
Idaris
Chatham
Idaris Hotel DE L’athenee
Rue Scribe
Grand Opera
Modern Hotel
Aris Hotel DE Lille ET D’albion
Rue St Honore
Pincs Vendome
Lillalsion
Paria
Henri Abad‘e
Hotels
ST. James ET D’ Albany
Aris
Tuileries Gardens
Hotel Des Champs Elysees
Rue Balzag
Ierintes Wendomphre
Oge S
Brussels
LE Grand Hotel
Ixla-Chapelle Nuellens
Fons Hotel
Bellevue House
Mouve 2
Connefeld
European Railways
Old Country
St. Peitnadee
Uthinta AY
Ain
Messrs
T. Look & Son
Madison Ave
Fifth Ave
Messrs. Thos. Meadows & Co
St New St
W. Guy Ogranet
Iesbader Ces
Palace Hotel & Baths
Austria
Hungary
Switzerland
Bristol
Karnthnerring
Intreux
Chateau Belmont
Montreux
Italy
Rome
Menoa
Eden Palace
Renoa
Port
Bathe
Savoy Hotel
Genoa
Hotel de
Tenice. Grand Hotel
Grand Canal
Pianta
Tenice
Hotel _ Royal
Danieli Arn Noe Comforts
Wbilan
LA Ville
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