Guggenheims Lose Control Of Smelters In Shakeup
The Guggenheim family admits losing control of American Smelting and Refining Company as stock shifts to Wall Street banks and Standard Oil investors. Reported by The Tribune, large Rockefeller holdings loom, while Guggenheims remain minor directors. Company earnings sag with $7.63 million net in the year, and surplus funds drop, securing dividends on preferred stock and raising concerns over future payments.
MENTIONED IN THIS ARTICLE
Guggenheim
American Smelting and Refining Company
Wall Street
Standard Oil Party
Rockefellers
The
Tribune
Guggenheims
Daniel Guggenheim
Theodore Freeman
Rockefeller
Gusgenheims
Standard Oil
American Smelters Security Company
Securities Company
Woman claims lawyer freed her from Bedford Reformatory
Grace Stein, 31, of Staten Island, said to have paid a lawyer to secure her release after arraignment in night court. She had been sentenced May 3 by Magistrate Wahle to Bedford Reformatory for disorderly conduct, but was released on good behavior bonds and later sent to the workhouse for twenty days. Magistrate Corrigan noted only the Governor can order such release after commitment.
MENTIONED IN THIS ARTICLE
Corrigan
Grace Stein
Richmond Road
Staten Island
Bedford Reformatory
Wahle
Jefferson Market
Wahie
Union Pacific reports record day on Wyoming division
Union Pacific railroad said its Wyoming division handled 883 freight cars on a single Wednesday, the largest in its forty years of operation. Despite higher volume, freight moves freely this year after last year’s congestion.
MENTIONED IN THIS ARTICLE
The
Tribune
Omaha
Union Pacific Railroad
Wyoming Division
Mountain Division
Cutler School
East 50Th Street
Yale
Princeton
Columbia
Arthur H. Cutler
Panama bonds seen likely after Election says bankers
Bankers stated that Secretary Cortelyou would offer another Panama bond issue soon after the November elections with potential sizes from 5 million to 85 million dollars. They predicted syndicates would bid to ensure success, though market conditions post election could alter pricing from estimates of 10 to 103.
MENTIONED IN THIS ARTICLE
Treasury
Cortelycu
Panama
Cortelyou
Foreclosure Proceedings Open for Wabash Pittsburg Terminal
The Mercantile Trust Company of New York filed in the United States court in Pittsburgh to foreclose the May 10 1904 mortgage securing first mortgage bonds. About 30 088 million of the 50 million bonds are outstanding. Foreclosure signals reorganization led by bondholders protective committee chaired by James N Wallace. The Gould and Rockefeller interests hold major stakes in the terminal property.
MENTIONED IN THIS ARTICLE
Mercantile Trust Company
New York
Pittsburg
Wall Street
United States
Wabash Pittsburg Terminal Railway Company
Wabash Pittsburg Terminal
James N. Wallace
Central Trust Company
Gould and Rockefeller
Three Day Rest for Wall Street Holiday Cleared
The Stock Exchange governing committee voted to grant a three day holiday, closing from Friday's close to Tuesday morning. The petition, signed by 569 members and leading brokerages, follows Cotton and Coffee exchanges plans to close, with other exchanges likely to act. Banks will open Saturday for two hours with limited business expected.
MENTIONED IN THIS ARTICLE
The
Stock Exchange
Consolidated Stock Exchange
Produce Exchange
Wall Street
News Print Paper Sale Realizes Over Twenty-One Thousand Dollars
Public auction of news print paper yesterday fetched 21 340 dollars from 560 tons at about 19 dollars per 100 pounds. Mail bids on 1060 tons complemented floor bids. John Norris, the seller, said the result yielded a profit over the purchase price.
MENTIONED IN THIS ARTICLE
John Norris
Iron Trade Conditions Slow but Steady Brightens Soon
The Iron Trade Review reports August as the best month of the year for iron, though progress remains slow. US Steel plans improvements and self-funded harbor work at Cary Indiana after government delays. A subsidiary orders four giant ore unloaders for Ashtabula Ohio with 700 000 ton capacity per ship season. Pig iron stocks sit around 70 000 tons, with blast furnace activity at about 60 percent of normal. Duluth plant to do nothing this year beyond planning. Eastern pig iron sales steady, but most regions are quiet. Michigan buyers eye sizable tonnage for next year. The Iron Age notes in the East that concessions have narrowed, boosting prices in forge and foundry iron while basic pig iron prices rise with cautious demand.
MENTIONED IN THIS ARTICLE
Iron Trade Review
United States Steel Corporation
Cary
Ind
Asihtabula
Ohio
Tennessee
Duluth
Mfect
St. Louis
Michigan
Condition of Banks in July Shows Bond Security for Circulation
Washington reports that national banks held bonds and securities totaling 765,875,220 at July 15. Classification indicates ample assets to back Aldrich-Vreeland emergency circulation, with about 90 percent security on state and municipal bonds and 75 percent on other securities. August authorized 20 national banking associations and summaries of bank charters, conversions, reorganizations, and current national bank counts and capitalization follow.
MENTIONED IN THIS ARTICLE
Washington
Aldrich-Vreeland
Paper Mills Resume After Wage Cut Standoff
In Glens Falls New York International Paper Company says several mills shut for four weeks will restart within days. Workers accepted a revised eleven month wage schedule starting September 12 with about ten thousand employees affected. Burns of Ticonderoga says Papermakers will not return until the old scale is restored.
MENTIONED IN THIS ARTICLE
Glens Falls
N. Y
International Paper Company
Joseph Slater
International Brotherhood of Stationary Firemen
International Brotherhood of Pulp, Sulphite and Paper Mill Workers
Marine Intelligence Miniature Almanac Update
Sun rise 5 28 am set 6 29 pm. Moon sets 10 38. High water times listed for Sandy Hook Gov Island Hell Gate with P M readings. The Adriatic 330 miles east of Sandy Hook at 9 am yesterday expected to dock about 7 30 this morning. La France 850 miles east at 6 50 am yesterday expected at dock about 1 pm tomorrow. Lucania 1110 miles east at 4 pm yesterday expected to reach about 7 30 am Saturday.
MENTIONED IN THIS ARTICLE
Sandy Hook
Gov. Island
Hell Gate
la France
Lucania
Hook
Vessels Arriving and Sailing From Major Ports Dates
Maritime schedule lists ships and routes with August and September calls including White Star Sarnia Inagua Laetitia Concho City of Atlanta Yamuri Mallory Savannah Manzanillo Hamburg San Giovanni Arapahoe El Valle New Orleans S edrie Voltaire Lamp Holt Merida Havana Ward Atlantic La Provence Havre Toronto Hull Wilson Crown Prince Prince Iroquois Bristol City El Dorado So Pac Galveston San Marcos Lucania Cunard American Umbria Queenstown Bristol City mail calls.
MENTIONED IN THIS ARTICLE
U. Line
Adriatic
Southampton
White Star
Sarnia
Inagua
Hamb-Am P. Laetitia
Gibraltar
Concho
Galveston
City of Atlanta
Yamuri
Pennsylv
Mallory
Savannah
Manzanillo
Hamburg
San Giovanni
Naples
Arapahoe
Jacksonville
el Valle
New Orleans
Edrie
Liverpool
Voltaire
Bahia
Lamp & Holt
Merida
Havana
Pattaly
Bermudian
Bermuda
la Provence
Havre
Toronto
Hull
Wilson Crown Prince
Prince Iroquois
London
Phoenix
Bristol City
Swansea
Bristol el Dorado
So Pac
San Marcos
Lucania
Queenstown
Cunard
New York
Cherbourg
American Umbria
Matrome Versel
Baltic
Amerika
Hamburg-Am
la Gascogne
French
Monterey
Ward
Guiana
Grenada
Quebec
Goyaz
Para
Oscar II
Christiansand
Scand
Prinz F Wilhelm
Bremen
Lloyd
Carpathia
Iroquois
Clyde
Hamilton
Norfolk
Old Dam
Byron
Argentina
Lamp & Ho
Rosalind
Newfoundland
Maracaibo
Curacao
Red
Esperanza
Colon
Panama
Magdalena
Jamaica
P. Vaderland
Antwerp
Red Star
Furnessia
Glasgow
Outgoing Steamships Today From For Line Ports
A condensed shipping notice lists departures and sailings for multiple lines including Baltic from Liverpool, Hamburg America from Hamburg, and Cunard, Ward Line and Red Star routes. It notes times from 6:30am to 12:00m and destinations like Naples Havana Havre Liverpool and Jacksonville with various ship names and schedules for Saturday and upcoming dates.
Shipping News Arrivals and Quarantine Updates
Shipping list records steamer arrivals and quarantine statuses including El Dia at Galveston and Iroquois at Jacksonville and Charleston, with passenger counts and cargo notes. Other vessels such as Altonia, Barbarossa, Buenos Aires, Pawnee, Yale, Nicholas Cuneo, Sarnia, Massachusetts, Porto Rico, Bencliff, Frederick Duggan, Hamilton, Magdalena, and Prinzess Irene are noted with routes, ports, dates, and whether they passed quarantine or arrived at Bar.
MENTIONED IN THIS ARTICLE
el Dia
Mason
Galveston
Southern Pacific Co
Moise
Iroquois
Chichester
Jacksonville
Charleston
Clydes Co
Altonia
Miller
Trieste
Fiume
Palermo
Cunard Ss Co. Ltd
The
Bar
Barbarossa
Ger
von Bardeleben
Bremen
Cherbourg
Oelrichs & Co
Maila
Buenos Aires
Span
Bonet
Vera Cruz
Havana
Compania Trasatlantica
Sarnia
Meisner
Port-au—Prince
Kingston
Colon
Bocas del Toro
Port Limon
Inagua
Hamburg-American Line
Massachusetts
Barrett
Boston
New England Navigation Co
Porto Rico
Delano
Delaware
Chesapeake
New York and Baltimore Transportation Line
Bencliff
Tinn
Kurmassi
Algiers
Simpson, Spence & Young
Frederick Duggan
Coombs
Brunswick
Hamilton
Catherine
Newport News
Norfolk
Old Dominion Ss Co
Magdalena (Rr
Down
Barbados
Savanilla
Cartagena
Sanderson & Son
Prinzess Irene
Petersen
Genoa
Naples
Gibraltar
RSS
Alston
Camoens
Berg
Manchester
Juan
Nor
Santa Marta
Bennett
Port Antonio
Alice
Esthenia
Rotterdam
Libau
Comal
Proteus
New Orleans
Ravenscraig
Monroe
City of Memphis
Savannah
Mauretania
Liverpool
Queenstown
Teutonic
Southampton
Plymouth
Sabine
Tampa
Mobile
Steamers at Foreign Ports Arrive for New York Calls
Shipping news lists multiple vessels from Britain Germany Italy and other nations sailing to New York with routes via Lisbon, Colombo, Cherbourg, Hamburg, Plymouth, Queenstown and more. Entries include Acara Jesserie Aros Castle Cara and others with ports such as Port Natal Beira and Gibraltar noted among the itineraries.
MENTIONED IN THIS ARTICLE
Port Natal
Acara
New York
St Vincent
C V
Shanghai
Yokohama
Jesserie
Colombo
Hong Kong
Beira
Aros Castle
Cape Town
Algoa Bay
Port Said
Cara
Ger
Algiers Ave
Wray Castle
Lgiers
Per
Algiers
Rauenfels
Calcutta
Boston
Marseilles
Madonna
Genoa
Principe di Piemonte
Ital
Bermuda
Bermudian
Southampton
Kaiser Wilhelm II
Bremen
Cherbourg
Hamburg
Majestic
Queenstown
Santos
Terence
Liverpool
Caronia
Queens— Town
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46Th St
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