Bank of Hanna to pay depositors in full article
The bank's receiver now has funds to settle all depositor claims in full and aims to complete the final dividend within eight months. Efforts by Mr. Morse and allied parties funded by various notes and assets led to this outcome, with stockholders set to receive possible recoveries of 30 to 125 percent. The building mortgage and other assets, including Chase National Bank and American Ice stock, are involved in potential distributions, while a bond covering contingent liabilities may be filed with the Currency Controller.
MENTIONED IN THIS ARTICLE
Sans
Eee Tees
North America
Moree
Wir
Hanna
Orse
Assets Realization Company of
Philadelphia
Pote
Morse
Mr. Morse
Consolidated Steamship Company
Murray
Wall Street Exchange Building Association
No. 48
Exchange Place
Chase National Bank
American Ice
Bank Examiners Under Scrutiny by Comptroller in Inquiry
Washington in Sept 14 Lawrence 0 Murray Comptroller of the Currency is seeking bankers views on how national bank examinations are conducted. He has mailed a letter to bank presidents asking how examiners perform their work, whether it is thorough, and how it could be improved to benefit both banks and the examiner’s office ahead of October Eastern bank examiners conference.
MENTIONED IN THIS ARTICLE
Franklin Ferris
Maryland
District of Columbia
Red
The
National
Columbia
Crescent
Crown
Pure Oil Company
Dalrymple Parton
Standard
Henry W. Sparks
Washington
National Oil Companies
National Oil Company
Morrison
Kellogg
L. O. Nicolli
Roslyn
W. Va
Mr. Morrison
Sparks
Rosenthal
Nicolli
George E. Parsells
Columbia Company
West Virginia
Parsells
Mr. Parsells
Independent Oil Company
James R. Lyles
Alexandria
Charlies G. Purse
Baltimore
Holmes Safety Oil Company
Paragon Oil Company
Lawrence
Murray
Tam
Pittsburg Bank In Bad Shape Sealed by Examiner Visit
Washington dispatch reports John B. Cunningham, national bank examiner who closed the Cosmonetitan National Bank of Pittsburg, consulting with Controller Murray and Judge Oldham on the failed bank. Kane says the receiver reports the affairs worse than Cunningham found. An inquiry denies drinking rumors and states no responsibility for the circulated story.
MENTIONED IN THIS ARTICLE
Washington
John B. Cunningham
National Bank Examiner
Cosmonetitan National Bank of
Pittsburg
Murray
Oldham
National Bank
Ofice
Kane
Ingham
Foreclosure Action Planned by Sheffield Coal O25 Ison Company
The reorganization committee announced yesterday its decision to foreclose mortgages on the Simsenrs properties. Large stockholders have signaled assent to a proposed plan of modernization. The committee is reviewing the plan and expects to present it to bondholders soon. The plan calls for new cash and funding arrangements.
MENTIONED IN THIS ARTICLE
Sheffield Coal O25
Simsenrs
Manager to Supervise Booth & Co. Recovery Effort
United States Judge Kohlseat authorized William J. Chalmers the Booth & Co. receiver to hire an experienced manager to supervise the business with input from creditors. The receiver may pay employees and redeem unpresented checks under 160 dollars. Creditors meeting delayed to tomorrow with Eastern bankers expected to join the committee, now likely expanding from four to nine members. Officials say losses may approach seven million dollars, higher than initial estimates.
MENTIONED IN THIS ARTICLE
Chicago
William J. Chalmers
A. Booth & Co
United States
Kohlseat
Mr. Chalmers
Banker Creditors’ Committee
Eastern
Creditors’ Committee
Eastern Banks
Jacob Newman
Booth
Missouri Kansas Texas Railroad Annual Report Highlights Earnings Decline
The Missouri Kansas & Texas Railroad reports gross earnings of 23.28 million, down 2.91 million from last year, with net earnings of 6.85 million and a net surplus of 0.269 million after preferred dividends. Passenger revenue rose while freight fell, and management warns future heavy spending will strain dividends.
MENTIONED IN THIS ARTICLE
Missouri, Kansas & Texas Railroad
Morgan & Co to Buy Erie Coupon Bonds at Par
The Erie Railroad issues notice to holders of several mortgage bonds that J P Morgan & Co will purchase the coupons maturing October 2 at par in cash upon presentation by September 36. Morgan also announced readiness to buy all October coupons at par for cash.
MENTIONED IN THIS ARTICLE
Erie Railroad Company
New York & Erie Railroad
Long Dock Company
Jefferson Branch Railroad Company
Bergen County Railroad
J. P. Morgan & Co
Weathered Market Report Signals Mixed Commodities
New York market report September 14 1908 shows coffee easing on French cables and September notices with late selling by importers while Rio and Santos prices vary and US receipts rise. Cotton tightens on West Indian storm fears but closes near day’s high as demand remains strong. wheat lifts on cash demand and exports while corn and oats soften amid dry weather and ample northwest arrivals. Provisions and metals move with varied gains and steady to higher prices reflecting ongoing commodity market volatility.
MENTIONED IN THIS ARTICLE
New York
O. Oreeeere O
Oteses
Havre
Hamburg
Rio
Santos
Sesson
Exchange
Sao Paulo
United States
Europe
North Africa
Cape
River Platte
South America
Victoria
Bahia
Ellison
Washington
New Orleans
Great Britain
New York Market Notes Beans and Butter Prices Seesaw
Country Produce Market reports steady to firm butter amid ample creamery supply and strong packing stock demand. Beans and peas show quiet trading with limited choice marrow and rising prices for certain bean grades. apples, grapes, and melons show varied demand, with reports of activity in cranberries and peaches and little change in hops and hay markets.
MENTIONED IN THIS ARTICLE
New York
California
Liverpool
Pennsylvania
Bae Ae
Do Sickel
Louise Borne
Beurre Bose
Beurre d’Anjou
Beurre Clatrgeau
Sheldon
Jersey
Keifer
Pine Island
Dcrsico Jersey
Do West
Ginta
Ner
Western Maryland
Western
Upriver
Niagara
Delaware
Nova Scotia
Cape Cod
Maryland
New Mexico
Rocky Ford
Colorado
Utah
Porto Rico
Pacific Coast
Live Stock Market Weekly Receipts and Exports
The report lists weekly cattle and calf receipts by region and type, with totals for two days and for the week. It details beef values for native steers and cows, plus exports to New York London and other ports, and shows bids and sales from multiple firms and buyers, including J Shamberg Co and Morris Beef Co, across varied weights and prices.
Market cattle and lamb receipts and prices in New Jersey area
Receipts for two days show 15,042 head with 10 cars on sale. Sheep and lambs mixed. top grades steady to higher with Ohio lambs around 450. Cattle and calves sold with mixed rates. hogs steady at 725 to 740 per 100 pounds. Numerous named buyers and consignors listed with regional breakdowns and prices.
MENTIONED IN THIS ARTICLE
J. P. Nelson
John Ducey
Jeiliffe. Wright & Co
H. H. Hollis
George & L. S. Dillenback
J. G. Curtie & Son
Sanders
Greeeers
I. Graseers
Juda Co
Seay
McPherson & Co
Kentucky
Eeras Commission
Jersey City
i@c
Sixtieth Street
Imst
Ohio
Totin & Onen
West Virginia
Pennsylvania
Indiana
Buffalo
Dilienback
Vermont
ST D
Jelliffe, Wright & Co
S. Sanders
Tobin & Shannon
W_R Hume
CATTLE AND HOGS PRICES ACROSS MARKETS
Telegraph market notes report receipts and price ranges for cattle hogs and sheep across Chicago Buffalo Pittsburg and Kansas City. Cattle demand varies from slow to active with top steers around 7 50 to 7 75 in some markets while hogs show mixed gains and steady to firm tones. Sheep lambs and calves move at steady to mixed values with regional differences in price levels.
MENTIONED IN THIS ARTICLE
Chicago
St Bouts
East Buffalo
Bony
Pitts
Sessa
Kansas City
European Produce Market Liverpool Closing Prices Sept 14
Market report from Liverpool notes steady futures for Wheat Corn and Oil, with spot and future prices across commodities. Wheat shows 7s 7d for No 1 California, corn steady at 5s 114d in spot, plour winter patents at 28s 4d, hops and beef and pork prices listed, bacon and lard ranges, cheese and linseed oil dull with rosin steady and oil firmer on refined.
MENTIONED IN THIS ARTICLE
Liverpool
California
London
Pactic Coast
Xtra India
Cumberland
Stron
Wheat Strength Drives Chicago Trade Amid Heavy North West Receipts
Chicago wheat prices rose amid forecast heavy arrivals and strong Western markets. The corn market weakened on dry, cold weather, while oats tracked corn upward. December wheat closed higher, with buying broad and profit taking limited. Primary receipts totaled 2,259,000 bushels, local 7 cars, and river shipments fell from last year.
MENTIONED IN THIS ARTICLE
Chicago
North Dakota
Winnipeg
Minneapolis
Duluth
Umion
Wales
Corm
Liverpool
Also Mentioned on This Page
Ganna
National Bank of North America
Pittsburg Bank
Cunningham
Cosmopolitan
Booth & CO
M. E. & T. Annual Report
Morgan & CO
ERIE
Se Ee Ae
General Market Report
CRUE
Cotton Exchange
Manchester
Sax
Kansas
New York Produce Exchange
Northwest
Shorts
Bears
Iowa
Gupsander
Cleveland
Northern
Linshed
Calcutta
India
Smoking, LLC
Stig
Middle Western
iGc
Brazil
Patna
Eagle
Yemond
Ctober
Guinea
Michigan
Long Island
S. le
State
Maine
Eastern Shore
Boston
Rockland County
N. Y
Hackensack
Connecticut
West
Orange County
Massachusetts
Norfolk
Hubbard
Canada
Toledo
Allike
Country Produce Market
Fortieth Street
Lehigh Valley
Weehawken
West Shore - Oo
Cudahy Packing Company
le Cedric
W. Daniels
Bermudiam
Montreal
Glasgow
Sime Tassel Aa
Bermuda
West Indies
Ncenes
London Do
J. Shamberg & Son
Virginia
Virginia Bull
Virginia Cow
G. Curtis &Son
R. Hume
Andrew Mullen
Westera Ves
Ons & Cos
S Judd & Co
Newton &Co
Kentucky Lambs
Ae Eg Tippers Commission Co
Bucks
Pennsylven
At & McPherson & Co
Virginia Lambs
Fred I. Kratz
WR. Hume
Penn— Sylvania Do
G. Curtis & Son
Telegraph
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