Revenue Falls Off Despite Higher Passenger Volume
An investigation by George J. Charlton of the Chicago and Alton shows four months under 2-cent fare laws yield a net loss of over $100 compared with last year. Long haul passengers increased while revenue per mile dropped, and short haul sales rose but still lagged under the 3-cent fare. Individual offices in Chicago St Louis and Kansas City show small gains, while small towns drive most of the overall rise in passengers but not in receipts.
MENTIONED IN THIS ARTICLE
Chicago
George J. Charlton
Chicago and Alton
Alton
Mr. Chariton
St. Louis
Kansas City
Premium for Ready Cash in Wall Street Exchanges
Currency of all denominations flooded Wall Street brokerage offices as buyers offered a 2 percent premium for ready money. People from the East Side poured in with shoeboxes and sock bundles of cash, exchanging for certified checks and depositing the premium at banks. A boy sold newspapers for three years and exchanged his $200 for a certified check with the premium.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Financial District
Mann, Bill & Ware
East Side
Bank employee Frank Harper Missing From Memphis Bank
Frank Harper a 23 year old married bookkeeper at a Memphis bank and member of a prominent local family has disappeared after three days of searching. He was last seen leaving his workplace Friday likely headed to lunch. Bank officials report his accounts are in perfect condition and offer no motive for a voluntary disappearance.
MENTIONED IN THIS ARTICLE
Memphis
Tenn
Frank Harper
Harper
Denver Clearing House Adopts Bank Scrip Payment Plan
The Denver Clearing House association votes to pay checks and obligations with bank scrip instead of legal tender. Scrip will come in denominations of 1 35 10 and 20 dollars once printing is ready. A seven member committee, one from each member bank, will approve securities offered by banks.
MENTIONED IN THIS ARTICLE
Denver Clearing House Association
Denver
Financial Tension Eases as Trusts Open Amid Depositor Quiet
New York reports show Trust Company of America and Lincoln Trust open at 10 am with 35 in line, a drop from earlier days. Banks remain tense though confident conditions are under control as European rate hikes and a 2 million dollar London gold purchase influence actions.
MENTIONED IN THIS ARTICLE
New York
Trust Company of America
Lincoln Trust Company
Bank of England
Board—Governors
Europe
London
America
Market Rallies After Steep Open in New York Stocks
The New York market opened with severe declines across first prices, wide quotes, and 1 to 2 point losses. By mid session several leading issues including New York Central and St Paul rose 1 to 3 points as conditions calmed and a positive tone returned.
MENTIONED IN THIS ARTICLE
Stock Exchange
New York
Canadian Pacific
Hill
Southern Pacific
Reading
Anaconda
Harriman
New York Central
St. Paul
Bank of England Raises Rate to 6 Percent
London reports persistent American demand for gold despite higher discount and cable transfer rates. The Bank of England boosted its official rate from 5 percent to 6 percent amid ongoing US bank statement weakness and gold outflows.
MENTIONED IN THIS ARTICLE
Bank of England
London
America
New York
United States
Utes Revolt Prompts Troop Dispatch to Thunder Butte
Omaha reports orders to send two squadrons of the Second Cavalry to Thunder Butte Dakota. Major Sibley and four cavalry companies already at the post, with Colonel West in command on arrival. Gettysburg base may move to Cheyenne River while Fort Des Moines garrisoned.
MENTIONED IN THIS ARTICLE
Omaha
Army Headquarters
Second United States Cavalry
Thunder Butte
Fort Des Moines
Sixteenth Infantry
Harry F. Dalton
Fort Crook
Gettysburg
S. C
Frank West
Second Cavalry
Sibley
West
Cheyenne River
Missouri River
Army
Cheyenne River Reservation
Judge quashes Rockefeller summons in Ohio case
In Findlay Ohio Judge Duncan quashed the summons on John D Rockefeller saying he represents a foreign company not doing business in Ohio and his visit was personal. The Solar Refining Lima summons motion overruled and other petitions denied in the case of George H Phelps vs Standard Oil companies.
MENTIONED IN THIS ARTICLE
Ohio
Standard Oil Company of
Indiana
Record Price for Rails Breaks All Previous Records
New York November 5 Unprecedented price for rails set as United States Steel Products Export Company signs a cable contract with Japanese government railways for 22000 tons at about 30 dollars per ton at the mills. The price exceeds the domestic consumption rate to ensure prompt delivery and marks a new high in export rail sales.
MENTIONED IN THIS ARTICLE
New York
United States Steel Products Export Company
United States Steel Corporation
Ay Alecdan
United States
Mitchell Improves After Surgery Says UMWA Leader
John Mitchell, president of the United Mine Workers of America, reports gradual improvement after several surgical procedures. He is said to be out of immediate danger as he recovers in the hospital in La Galle I. November.
MENTIONED IN THIS ARTICLE
Mitchell
la Galle, I
John Mitchell
United Mine Workers of America
Convention Reported Progress on Hague Peace Efforts
General Porter and Joseph Choate returned from The Hague and will report to the president. They praised the second conference and noted fourteen conventions adopted including the Porter proposition which bans armed force for debt recovery until arbitration fails, signed by all creditor and debtor nations.
MENTIONED IN THIS ARTICLE
New York
Horace Rter
Joseph H. Choate
Hague
Cecilie
Washington
Porter
Mr. Choate
Choate
General Porter
Judge Blocks Harding Receiver Suit Against Corn Products
Judge Kohsaat in the United States circuit court issues an injunction preventing George F. Harding from pursuing in state courts a receiver appointment for the Corn Products company. The injunction alleges a prior similar suit by Harding's company and argues the current action is an attempt to harass the firm. Final hearing is set for November 12. Harding claimed a conspiracy involving the Standard Oil Company and others to wreck Corn Products.
MENTIONED IN THIS ARTICLE
Chicago
Kohsaat
United States Circuit Court
George F. Harding
Harding
Corn Products Company
Standard ON
Congressman Cockran Arrested on Illegal Voting Charge
New York on November 6 reports Congressman Bourke Cockran was arrested at a Third Avenue polling place for illegal voting. Police could not verify his registered address at 310 East Seventeenth Street. He was taken to a police station and then to a police court.
MENTIONED IN THIS ARTICLE
New York
W. Bourke Cockran
Third.avenue
Cockran
East Seventeenth Street
Cochran
Suit to Recover 2 1/2 Million in Ottawa Breach Case
Henry L. Sprague a New York attorney sues J R Booth lumberman and railway on behalf of himself and others for 2 500 000 dollars alleging breach of contract in Ottawa. The action targets damages from a breach related to the lumber business and railway dealings.
MENTIONED IN THIS ARTICLE
Ottawa
Can
Henry L. Sprague
New York
J. R. Booth Lumberman and Railway
Fire in Chicago Plaza Hotel Displaces 5600 Guests
The Plaza Hotel in Chicago saw over 5600 guests flee basement flames as smoke filled the eight story building. Firemen aided about 150 people to the street while guests clung to ladders and escaped onto fire escapes. Property damage was limited to about $500 with no serious injuries or fatalities reported.
MENTIONED IN THIS ARTICLE
Chicago
Plaza Hotel
Arthur Hart
N. E. Stanger
Cloudburst Destroys San Jose del Cabo. Sixteen Die
San Francisco reports confirm 16 drownings after Oct 14 cloudburst in San Jose del Cabo Lower California. A hurricane preceded the torrent, washing away over fifty houses, sinking small craft, damaging vessels, and wrecking groves. Many inhabitants left destitute as hillside homes vanish.
MENTIONED IN THIS ARTICLE
San Francisco
San Jose del Cabo
California
Paulson
Curacoa
Magazine Explosion Wrecks Butler Area. Injuries Reported
In Butler Pennsylvania on November 4 a magazine of the Petroleum Torpedo company exploded. The blast injured several people, some fatally, and caused about 25000 dollars in property damage. The factory building nearby was demolished and trees felled with homes damaged in the blast radius.
MENTIONED IN THIS ARTICLE
Butler
The
Petroleum Torpedo Company
Woman Initiates Divorce Triggering Fatal Shooting in Austin
In Austin Minnesota on November 4 William Miller wounded himself with three gunshots after firing at his wife Martha Miller who is expected to recover. Divorce proceedings were begun by the wife over control of property, described as the motive for the shooting.
MENTIONED IN THIS ARTICLE
Austin, Minn
William Miller
Nine Hurt in Free for All Fight in Pittsburg
Nine foreigners were seriously injured in a South Side affray in Pittsburg on November 4 with one likely to die. Police say most attackers were arrested and the injured men were described as artisans.
MENTIONED IN THIS ARTICLE
Pittsburg
Sailor Saves Opera Star From Sea Themed Wave
Madame Olive Fremstad aboard the steamer La Provence escaped tragedy after a towering forty foot wave ripped away the bridge rail and crushed the captain’s cabin. A sailor seized Fremstad and kept her from the sea as the ship endured a grueling Atlantic crossing.
MENTIONED IN THIS ARTICLE
New York
Madame Olive Fremstad
la Provence
Europe
Madame Fremstad
Atlantic
Alleged elopers located in London yet Miss Maloney whereabouts uncertain
Clarkson, linked to Helen Maloney of Philadelphia by a prior elopement report, has appeared in London and returned to his old lodgings near his Piccadilly club. Maloney is not with him and he will not discuss her location. A London dispatch notes no confirmation of her whereabouts.
MENTIONED IN THIS ARTICLE
Clarkson
London
Miss Maloney
Paris
New York
Helen Maloney
Martin Maloney
Philadel
Phia
Piccadilly
Bondholders Protest Halts Pere Marquette Plan
A protest by the Cincinnati, Hamilton and Dayton 4 per cent refunding bondholders stalled Pere Marquette's reorganization. The committee, led by Mark T. Cox of Robert Winthrop & Co. and Frederick Strauss of J. & W. Seligman & Co., prompted the adjournment of the October 28 meeting until a future date.
MENTIONED IN THIS ARTICLE
New York
Pere Marquette
Cincinnati
Hamilton
Dayton
Mark T. Cox
Robert Winthrop & Co
Frederick Strauss
J. & W. Seligman & Co
Messrs. Cox and Strauss
Delegates Priesmeyer and Warner Cleared in Vote
In St Louis on November 4 a motion to suspend Delegates Priesmeyer and Warner under indictments for riot participation failed. The meeting, which spanned a riotous scene, ended with a vote of 19 to 8 against suspension.
MENTIONED IN THIS ARTICLE
St. Louis
Priesmeyer and
Warner
Cry
House of Delegates
Oklahoma City Banks Resume Limited Payment Plan
Oklahoma City banks reopen under a limited payment plan advised by the Bankers' association of the two territories at a recent meeting.
MENTIONED IN THIS ARTICLE
Oklahoma City
Okla
Bankers’ Association of
Two Territories
Also Mentioned on This Page
Memphis Bank
New York Trust
South Dakota
John D. Rockefeller
Conn Products
Bourke Cockran
San Juan del Cabo
Lower
Helen Eugenie Maloney
Oklahoma
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