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New-York tribune. (New York [N.Y.]) 1866-1924, July 04, 1908, Image 13

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7IBOARD CO. FAILS
<O(jI!T XAMES RECEIVERS.
r.-cntp-'r .-cntp-'^ li Million Dollar Combi
*'nn Unable to Meet Obligations.
♦„ r«i«e funds to take care of its large
„.- "Siess and the refusal of the banks
■e^tteg l» e "I 11 * 1 , yesterday In the ap.
/W/ W " "'*" »» receivers for the United Boxboard
po'ntinent °' any R $T?,OOO.OCK> combination Of
*** FILPeT Si and straw board manufacturers.
Tr ,■ v-flre •« f a recriver was made in Tren
he •jtfJ^iMt Fen Company, of New York.
ton by th * t~««:«l by the boxboard company.
end «- not oi ability to meet Its obllga
vhich •« mlt **Lat liabilities are given at $962.0.10
lions. The rr ' « ts st IBSS.W.
»^ '' current H^eil appointed Thomas L.
jtsyrnond, st»; of Newark. the company.
RarmcTia, «i * president of the company.
o «.y Mitchell ™° Hough, in the United States
UmiiW- I>n< ( „. arr o!nted H. A. Robinson an-
CirCJit Court plowing these proceedings, the
ciliary reviver. o f tae company issued the fol-
T)osr a of dire:T^ ■ t stockholders:
** ***** J depression of the last
The a-eneral °°='ll 5U jte<l in a reduced demand
several months! r mills, keen competition
tor the products '„-« snd lover prices These
•rnonj niannJfffifion* are gradually improv
fllsturbed trade nJI ,;,,.;,■>. however, long enough
lne. Tii«v b "i"_V(.e to your company's future by
lp veal the me c no l a ti n g indebtedness,
reason of its **. r f* c ? voar could not be applied to
THe P««st« fnclebVHnos?. wing to the fact that
i«<sM this ina^ > •'■ control of the American
in order to /)£ l r ,;, a ny v . nir directors were obliged
n tr,Tr i*o*rd ComPanJ ; mpsny to the amount of
*• t" ■ ■ also obliged to spend a large
J550.000. Jj}*?-*. a nd improvements which had
gum "B ff,°,^S for and were partly under way
been *f£v " Ss^uEied the management. Tour di
"ich<'n«fSw? the money spent in this way will
reclC V re^it benefit to the company, but it has
be of company's inactive assets at the
' x r ; S^'To f rt9 ! 'of a vour 6 dtrlctors to reduce this in
<xK,!i s *fforts of : tora lo redu.-e this In
3 I^neVs Vv the sale of bonds have proved un
eet)lf, The banks which have extended accom
evail.np- "during the last year now refuse to re
inodatioriP loancfand your directors have there
re ti.e-i _ to the appointment of a receiver
fS^jaftSSfri I thS interests of stockholders and
d directors are preparing a plan of reor
raairation which they «i« announce at an early
!,;•- It contemplates a closer consolidation of
JS company's properties, the payment of the
bating "indebtedness and a reduction In the capi-
Jil ftock."
The United Boxboard and Paper Company was
Incorporated hi New Jersey on May ■. 0502. as a
combination of the American Ptrawboard Company
.5,(5 twenty-four other box and straw beard manu
facturers. Ever since its organization It has had ■
checkered career, and it has labored for years
tafler a big- Costing debt.
•Tie business was org-anized by J H. and "W. H.
jlecre. O. C Barber, president of the Diamond
Match Company, was presides!, and the stock at
* c time sail m high M ■» a share. Certain
ctockholders became dissatisfied and deposed Bar
to along: with the Moore-, in VBSS. Several presl
m' ib followed in rapid Fuccession until 1802. when
.V Barber people a^ain obtained control. Barber's
bcunibfncy, however, was brief, and he was soon
■voted out of office again.
• la July. IK>2. a stockholder brought suit against
S» company, charging the promoters with having
"Ilvertea its capital into their own pockets. This
action was settled in IBS by the consent of all
rrl( , c The Oswego Falls Pulp and Paper Com
w.v Vhich was one of those taken over by the
cembination. also brourht suit in July. 1902. alleg
& vat its property had been conveyed to the
corporation through fraud. This suit was settled
h- ti>" return to the Owegro company of Us plant
• A reorpanixation of the company was proposed in
»*cembrr, ISXH. and a committee was appointed to
on-.- oat the plan, but the stockholders did not
.^Tia In sufficient numbers to carry It out. Two
"Tear* later Sidney Mitchell, who is now president,
m wa* at that time only a stockholder, brought
tit against the directors, charjring them with con
tpiracy to wreck the corporation.
Asetfcer reorganization plan was then proposed
tr the Tnanar"rnent to clean up the floating debt.
-te stockholders, however, upheld Mr. Mitchell.
CTde rrojective committee was formed, headed by
Km, to prevent the plan beii-r carried out. Th*
matt was that Mr. Mitchell was elected president
fc . February, IXC. A new board of directors was
chosen st the famp a,,,,. The new management
■Bksrfsed a bond issue of $850,000 to liquidate the
tattir.g debt, but the company was unable to sell
tiw bonds.
-Th# T'rir«a Boxboard and Paper Company has
cs authorized capital of WMUm 7 per cent cumu
lative prefOTed stock and tUjmjm common stock.
It paid one dividend of 1% per cent on its preferred
reck in December. 1902. but has paid nothing since.
Its funded debt outstanding apgregates J5.952.000.
For the year ended December 31, 1507. it reported
ret profits of 5T07.725.
Besses Mr. Mitchell the officers of the company
ire B. B. Flensine. vice-president: Herman Gross
aac, second vice-president; Hyatt Cox, secretary
Kid treasurer. The New York offices are at No.
11l Broadway. Mr. Mitchell makes his headquar
ter* in Chicago. The company has fifteen mills, in
liaji;. Xew ■ patatra. Connecticut. New Tork,
New Jersey, Ohio. Indiana, and Illinois.
IXPECT BUSINESS REVIVAL IN FALL.
I. C. Kabon Says Foreign Countries Look
Optimistically Toward America.
J. C Mn" »r.. president of the F'ofs- Sheffield Steel
trd Irim Gmapaajr. who has just returned from a
focr months' 6tay In Eurppe. eaid yesterday that
■the consensus of foreign opinion was that the
rcited States would have a great business revival
Ja the 12.11. Ke added:
'The disposition of European capital toward
America has radically changed during the last few
Eoctha. All is optimism and cheerfulness, where
tot long ago there was even more apprehension
than B&tefl right here. Why. at one time, Italy
refused to honor American letters of credit, and I
fcCßn* the fame condition existed in France.
■'European who follow dM American poetical
titaation believe tha: Bryan will be nominated and
Taft elected. With the success of the Taft ad-
CiaiEtration they look for a tariff revision, and if
It materiahzes they will be much pleased. The
Atttrican tariff has always been a source of irr:-
Utlcn to E"rop«».
"Personally. T fe<;l that a modification in import
<atkg **mM be ■ step in the right direction. The
• •■bole country MOM to demand it. The tariff
vac sever intended to be more than a source of
w«iae; It was not conceived to foster certain
fcfiMtrfeE.*'
COAL SHIPPERS ASK DAMAGES.
■ Wtehicpton, July 3.— A demand for 5125,000 rep
trttioa. with Interest, the largest amount the In
t«r«4te Commerce Commission has ever been
Mksl to pant, is made •, a linn* 1 filed to-day
**i that body by Henry E. Meeker, as surviving
■anoer of Meeker & Co.. Pennsylvania coal deal
tre. «•' ■ ship principally to the New Tack market.
t^s'-sn thp Erte. Susquehanna & Western and
"frnkes-Berre & East^sn Railroad companies. The
<*C2i!tsion is requested to fix a reasonable joint
me Jor the transportation of coal by the defend
*- carriers between the coal region in Pennayl
•bJb. ana Eiigewater an-1 Weehawken. N. J.
FOREIGN COMMEBCE.
a.*POKTS OF MERCHANPISS AT MBW YORK-.
«?«ek er.fi«s Ju'v ?_ inns 1&07. V&*-
RI m . ■ ?1 M2>,70 f2 MS «■ J2XCS.S.S9
&*& *»» r *! rr.tTs±ixi".\Ul'. 10.'54,'70a 13.5f13.b«> 10.616^
: J.OU.-* tir«7T22« 51«]ft59.517 513.679.518
|?*«U »«*«««: af.SlO.'TSft 809.064.^-2 »n^o».feW>
t3«a2».»» $ie7.M7,}#& $BS4.fi«o.lf»o j
IDa^RTB or MERCHANDISE KROM NEW TORK. j
fi* 1 fai June ». . . 1370.247.4b* |3J2>28.93« J315.421.575
*i_ EXPORTS OF SPECIE. j
• fW-tt* weeV— , •
?|£»V J656.:71 $2.315,21« $1,142,787 i
t5f w ft5.07«07* 127.9K917 Jg.J5J.<» '
: * 4 '^ ■••• 2A378.463 22.u38,&0t a».155.434 |
■ 'T*^ f«.4i0.557 «4-«.SS»,<2I $«4.915.85« j
IMPORTS OF SPECIE
v^n m.^ ;i|«]
;*&;••• $200.070 $17,688 Iw.o-t'
; y ... J16.C59.451 ».522«« *«^S?4
'.<, ■■• ■- .2.113.447 1.057.0 M 1,2C5.4>J>
ilS^-- «16,b05,0S I^mis »4A502.255
DULLEST DAY SINCE 189 G.
Stock Exchange Brokers Substitute
j Firecrackers for Sales. •
As regards business yesterday was the dullest
day the Stock Exchange has seen for twelve years,
but it was not dull otherwise, for what few brok
ers there were in attendance on the floor kept
things lively with exploding torpedoes and fire
crackers and skylarking of various kinds. The ex
change was open against the wishes of a. majority
of the members, who had petitioned, the governing
committee for' an extra holiday, only to meet with
a refusal, and those who did attend had evidently
made up their minds to have a Fourth of July cele
bration a day ahead of time.
The fun began soon after the opening, when
somebody let drop a torpedo that must have been
especially made for the occasion, judging by the re
port. It was the signal, apparently, for the cele
bration to begin, for the popping and banging be
came general all over the floor. In vain Chairman
Talhert pounded with his gavel to restore order; ha
could not be heard above the din.
Finally he detected Charles Knoblauch, a former
Rough Rider and friend of President Roosevelt, in
the act of exploding a .torpedo, and fined him $10.
This acted as a damper for a time, as business was
at such a low ebb that even a $10 fine promised to
make serious inroads on the day's profits of most of
the brokers. A committee was finally appointed to
call upon the chairman and request a remission of
the fine. This was granted, and was followed by a
roar of torpedoes as a token of the members' ap
preciation of the fact. Chairman Talbert thereupon
cave up tha attempt to keep order and let the
brokers celebrate to their hearts' content.
In the mean time trading was almost at a stand
still. The first hour's transactions footed up only
22.300 shares, and in the second hour only 6.096
shares were dealt in. The total for the day was
71,592 shares, which was the smallest day's busi
ness since May. 1896. when the total was 65,000
fhares.
The dulness of the "big board" was. If anything,
exceeded on the Consolidated Stock Exchange.
Business virtually ceased shortly after the open
ing:, -when the rules cf the floor were suspended.
The remainder of the session on the "little board"
'■was taken up by the few brokers in attendance in
skylarking; but there were no fireworks. On the
curb market the principal occupation of the brokers
•was the exploding: cf firecrackers and torpedoes,
little trading being done. '
. The attendance of customers at th«, brokerage
offices was the smallest seen in years. One large
house which has fourteen price tickers for its cus
tomers had seven each for the clients who were in
attendance yesterday when the market opened.
NEW HAVEN ROAD LOSES.
Ordered to Guarantee Dividend on
Former Subsidiary.
New Haven. July 3.— A decree was entered.- by
the Superior Court to-day by which the New York,
New Haven & Hartford Railroad Company is or
dered to Indorse a guarantee of payment of divi
dends on the preferred Ehares of the. New Eng
land Investment and Security Company, which Is
the holder of certain trolley properties in Massa
chusetts formerly owned by the New Haven com
pany. The decree is a step toward taking the ques
tions at issue to the Supreme Court of Errors.
To the complaint the investment company ad
mitted ihe facts, and the New Haven company de
murred. To-day'B proceedings came up on the de
murrer, and the court rnled that the answer of
the New Haven company, that it was not obliged
to pay the dividend, was not sufficient and entered
the decree. The New Haven company is ordered
forthwith to Indorse upon the certificate of the
rlaintiff the guarantee that it will pay cumulative
semi-annual dividends p.t the rate- of 4 per cent
per annum upon the par value of the outstand
ing preferred shares, and to pay any accrued divi
dends if demand is made for them, and also to
pay F*? a share, with dividends accruing, should
the f»rtificat»»« N» called in for redemption. And
the trustees named are ordered to take such steps
as necessary to deliver to the plaintiff the certifi
cate with the gua-aniee indorsed upon ft.
HOPE TO STOP DISEASE.
Campaign Agamtt Bovine Tubercu
loms Discussed, at Albany.
Albany. J»!y S.— Plans for the enforcement of
the act passed et the extraordinary session of the
r«tls1s.llll». designed to aid the State Department
cf Agriculture in its campaign against bovine
tuberculosis, were considered to-day at a con
ference between Commissioner Pearson, First As
sistant Commissioner Flanders, Dr. V. A. Moore,
dean of th« State Veterinary College, at Cornell
T*niver6ity, and the seventeen veterinarians who
represent the State Department of Agriculture at
various places in the state. It was announced that
the prospects of controlling bovine tuberculosis in
this ptate were never so promising. These condi
tions are wttributed^to the Increased indemnity to
ba paid by the state for condemned animals, as
provided by the new law. and the requirement that
no person shall sell for breeding or dairy purposes
an animal which the owner knows to be diseased,
unless the buyer is Informed in writing that the
disease exists. This Information is also to be given
to the Commissioner of Agriculture.
Reports were submitted at the conference show-
Ing the value of the tuberculin test in connection
with the physical examination for the diagnosis of
tuberculosis. It was reported that in one herd
Threw advanced cases of tuberculosis were not
found by a careful physical examination made by
the veterinarian, assisted by the owner, but they
were clearly shown by the tuberculin test and
proved by poet-mortems.
Commissioner Pearson announces that it wW be
the policy Of the department to assist cattla own
ers as much as possible by the physical test alone
when the tuberculin test 1? not wanted, but h»
declares the tuberculin test, which accomplishes
quicker reeults. is generally wanted by dairymen.
STANDARD OIL COMPANY PATRIOTIC.
[By Tp'iepraph to The Trlhunw.]
Popton, July B.— The Standard OH Company is
branching out as a public spirited corporation.
Tbe l'-'cal managers gave to-day 136 barrels of oil,
about seven thousand gallons, for the East Boston
benfira, the biggest in the history of the city. The
fire was lighted at 11 o'clock to-night. It could be
«,f<=n forty miles away.
CANAL LABOR BOARD SEEKS FACTS.
Syracuse. July 3 J. B. Reynolds. S. B. Donnelly
and Henry B. Needham, Panama Canal labor com
missioners, to-day visited Brewerton and Fulton to
■sjcvn information regarding the housing of la
ty^rerp «»r,gag»d on barge canal work, with a view
of adopting on the isthmus ajiy improvements they
may discover.
SPINNERS TO CHECK PRODUCTION.
Manchester. July 3.-A committee of the Fed
erated Master Cotton Spinners decided to-day to
recommend a further curtailment of production
among the users of American cotton. This is the
second step in this direction. On May 15 the spin
ners of American cotton decided to run on ehort
time because of the slackened trade.
BANK STOCKS.
(Reported by Clinton Gilbert. No. 2 Wall street.)
A^Hca • Bid Aaked | «««* .:-..-. Bl<J. Ask«d.
*™rlr» S3 **5 Liberty 435 «6fi
EL®! i § 838&H 5 a
Butcn * NaY ija l _ Metropolitan ... MO 163
Omury ii« _ Mount Morris. V*i —
'"ha** f£ . IV , Mutual i*s S"5
tnatn»n» .. v&jsau 195 205
SeiEieh.. 200 - 600
Commerce ••■- »«• l ™ jeKeteVnth Wd. — M*>
Colonial •«" «-„ n»«M & Day... 270 2«*
g^f S i Hr n .^:: | |
K^K: & Mr*.::.:... m* in
»» - SSSU tti*i: im -
S3st£ JlB .3 fSSr..:::::: g *-
V^'V' 1 . 1 " • — 325 Sherman 135 ,—
Garlltla .__ .». Riot. .. 250 -■ - — : .
« M ™*Sia 6nO — TTrfnty-thlrd WIM -
SS&E S % asassMs $ b
Jc£terJwa ..... 170 jg Bf?::::! » •
Jeiter»Cß J ™ lbo I
raw- YORK DAILY TRTBTTNfi. SATURDAY. JILT 4. 1903.
•'BELT LINE" CHAMPIONS
j — _
P. S. Commimnners Will Do Every
thing to Keep Bond Alive.
There were indications yesterday that the Public
Service Commission would not permit the abandon
ment of the service of the Central Park. North &
East River Railroad Company until it had exhaust
ed even' expedient within its power. At a hearing
yesterday before Chairman Willcox and Commis
sioner Eustis, to determine what would be the out
come of the order of Judsre Lacombe !n the federal
court that the receivers of the Metropolitan Street
Railway Company cancel the lease of the Central
Park company on July 10. the chairman said:
"What we want to know is whether somebody is
going to run the road, as before, so as to accom
modate the public." m
"That is just the proposition that confronts us.
SaM Henry Thompson, counsel for the majority
stockholders of the road. "We shall be somewhat
embarrassed, but we will get together and do the
best we can."
That the word "embarrassed" was putting it
somewhat mildly was developed when Oren Root.
general manager of the Metropolitan, testified re
garding the rolling stock of the lines acquired with
the lease. He said:
"I presume that the horses that were acquired
then are dead, and also that the cars obtained have
either been sold or broken up. I am not absolutely
sure about the cars. There may be some of them
somewhere, but I am qmte sure we have none of
the horses that used to draw the cars in 69th street
that we can turn over to the Belt Line."
Oliver C. Semple, counsel for the commission,
brought out that Mr. Root had resigned some time
ago as a director of the Central Park company,
which Is familiarly known as the "Belt Lino" and
Includes the 69th street crosstown electric line and
the 2Sth and 2»th street horse car lines. Mr. Root
testified that he resigned two months ago because
it looked as though a receiver might be appointed
for the company. He never had been familiar with
the affairs of the company, he said.
Mr. Thompson said there would be a meeting of
the majority stockholders at No. 115 Broadway at
10:30 a. m. on July 11. to choose new directors and
officers. At that time he hoped a decision would
he reached as to the future of the property. "'As
we understand it," he said, "the Metropolitan in
terests expect to turn over the 'Belt Line' to us
just as it stands, without any electrification, and
expects us to operate it."
Commissioner Eustis said the commission wanted
to know whether there was any intention of discon
tinuing the service, so an order to prevent it could
do Issued. It is though', that some arrangement
lor the temporary operation of the lines can be
made pending a final settlement of the trouble.
As the commission has been unable to subpoena
H. H. Vreeland. president; I>aniel B. Hasbrouck
and Charles E. Warren, vice-presidents, and Ed
ward Sayre, secretary, ot the "Beit Line, ""as yet,
the hearing was adjourned until Tuesday.
NO PILES UNDER PENN. TUBES.
Tests Show They Are Not Needed, Says Vice-
President Rea,
After an exhaustive series of tests, the Pennsyl
vania Railroad has decided that it is not necessary
to put piles under its North River tunnels, which
rest upon soft material. These tubes were joined
in 1906, and were to constructed that if it was
found necessary piles could be put under them.
Since then two of the Hudson company's tunnels
which have no pile imppm-ts have been success
fully operated.
Vice-President Rea ot the Pennsylvania Railroad,
who is in charge of the construction of the tunnels,
authorized the ptatement yesterday that no piles
would be put under its tunnels, although they
could be inserted at any time in the future should
the necessity arise.
The tunnels are to be finished tnside with a two
foot lining of concrete, which will add to their sta
bility and enable them to withstand any pressure
to whioh they may be subjected.
MAY BE STREET RAILWAY STRIKE.
Vote of Employes in Providence Said to
Favor It.
Providence, July B.— Returns from the vote taken
yesterday and to-day by the street railway men
employed by the Rhode Island Company show that
up to this r fternoon 1,227 of the 1,400 employes had
Indicated their desire to continue their present re
lations with the company and their membership
in the I'nited Traction Mutual Benefit Association,
rathor than become members of the AmaJga
mated Association of Street Railway Employes.
Nevertheless, labor union officials assert that a
large percentage of -.he employes have voted to
strike if their demands are not acceded to and
that the strike will probably be called within for
ty-eight hours.
FERTILIZER INDICTMENTS QUASHED.
Federal Court Rules Against Legality of
Special Counsel in Government Suit.
Nashville. Ter.n.. July S.-In the case of the
United States against the Virginia-Carolina Chemi
cal Company and other* Federal Judge John E.
McCtOl here to-day quashed the Indictment, which
charged Borne fifty corporations and individuals
with constituting a fertilizer trust, in violation of
the Sherman law
Judge McCall ruled mainly in favor of the gov
ernment On the pleas In abatement, however, he
sustained the contention of the defendants that the
epecial counsel appointed by Attorney General
Bonaparte to assist in conducting the proceedings
before the federal grand jury had no legal right
to be present and participate in the proceedings,
such counsel not being assistants to the regular
United States Attorney and having no legal right
to take part In the grand jury proceedings, al
though no Improper conduct -was shown or charged
against surh counsel.
PLAN TO BOOM NEW ENGLAND.
Meeting of Governors of Section May Be
Held in November.
Boston, July 3.— As the result of a conference be
tween representatives of business organizations
held at the State House to-day. Governor Guild
has taken the initiative in the interest of advanc
ing New England business conditions, and it is
expected that a meeting of the Governors of every
New England state will b« held in this city in
November.
It was contended by the business men this af
ternoon that the New England States were not
keeping abreast of the times to the degree that
their natural advantages warranted. A permanent
organisation of New England Governors was urged.
Governor Guild at the close of tho conference said
that he would take the matter up with the Gov
ernors of the, other New England States.
The delegates at to-day's confertnee included
President Chamberlain of the State Board of
Trade. President Frederick T. Dey of the Spring
neid Board of Trad*. W. L. Kichardson, Master of
the Massachusetts Htate Grange; Professor Mills, of
the Massachusetts Agricultural College, and Her
bert Myrlck, of Springfield.
. BANKERS TO MEET IN DENVER.
The thirty-fourth annual convention of the Ameri
can Bankers* Association will bo held In Denver
beginning September 28. In the past It has been
customary for the sections to me;t the fame day.
This has caused some conflict, as there nre many
bankers who deeln to attend both the trust com
pany and the savings bank section meetings, con
eecuently the savings bank section will hold its
sessions on Monday. September 2S, and the trust
company and the clearing house sections on Tues
day September 23. Wood row Wilson, president of
Princeton University; B. E. Walker, president of
tha Canadian Bank of Commerce. Toronto, and
James B Korean, president of the First National
Rank of Chicago, will be among the speakers.
Friday of convention week will be eet aside for a
trip over the famous Moffat Road, said to be one
of the finest pieces of railroad .engineering in the
West The Brown Palace Hotel was selected aa
APARTMENT EOW SOLD
HOUSES IN UPPER 7TH A FE
An Abattoir To Be Built in West
131 st Street.
Several larpre deals were reported yesterday. H.
Ml Fischer sold for Grossman Brothers & Bosen
baum three five story apartment houses on a plot i
100.11x99.9 feet at the southwest corner of llSth st.
and 7th aye. to Sllversteln & London. The buyers
gave In part payment six lots in Minford Place, 75
feet north of 172 d st.. The Bronx. Mr. Fischer re-
BOld the 7th aye. houses to the M. X Company.
John N. Goldlng has Bold for the Lawrence es
tate four lots at the southeast corner of 131 st st.
and 12th aye. to George F. Hinrichs & Co., whole
sale butchers, who will erect on the site a mod
ern building for their own use.
Slawson & Hobbs have resold for James J. Mar
tin to a client for investment, the five story apart
ment house. No. 650 West 183 d St., at the southwest
corner of. Audubon aye. and 183 d st. Also sold for ,
David Spier and Moritz Rauner to a client for in
vestment the five story triple apartment No. 72
"West 101st. St.. 25x100.11 feet.
A twelve story brick loft building is going to be
erected on the premises No. 33 to 44 West 2fith st.,
60x90 feet, for B. C. & T. H inkle. It will cost
$200,000.
The one story church of the Union Methodist
Episcopal congregation at Nos. 228 and 230 "West
85th st., of which the Rev. ,T. C. Fernandus is
pastor, is to be remodelled into a three story edi
fice by the addition of a large front extension. It
will have an ornamental facade of limestone in the
Gothic desigm, with trimmings of terra cotta and
bluestone. There will b» a large memorial window
above the central entrance. The second Btory will
be fitted as a lecture hall and the third floor as a
rectory. The improvements are to cost $15,000.
Charles Gans. Jr., is the architect.
Tlans have been filed for remodelling th© five
story loft structure at the northwest corner of
Broadway and Cortlandt Bt., owned by the estate
of James E. Cooley and leased by I>. E. Water
man. It is known as the Waterman Building. The
Improvements include the installation of new or
namental show windows at the first and second
stories, finished with copper and prism mullions
and having marquiso entrances. Woodruff Leem
lng is the architect.
Plans have also been filed for enlarging the five
story -warehouse at No. 113 to 117 Cedar st. t>y
adding a four story extension, the improvement
being made for Charles Wolff, as owner.
BUYS FINE BROOKLYN HOUSE.
The Monaton Realty Investing Corporation, of
which Edward J. McCormack, of the McCormack
Real Estate Company, is president, has purchased
the four story and basement double apartment
house No. 11 McDonough St.. -Brooklyn. This is
one of the best type of apartment houses. It has a
white stone front, broad entrance, stone railings
and tiled hallways.
The Monaton company has purchased several in
come paying properties in Brooklyn In the last year.
NEW HOME FOR PHI GAMMA DELTA.
The Bar Association has leased to the Phi Gemma
Delta Club the dwelling houses Nos. 32 and 34 West
44th st., adjoining the home of the association. The
lease is for a term of ten years, at an aggregate
rental of $73,000.
The club now occupies the building No. 44 West
44th st. It will alter the two houses mto a single
structure for use as a clubhouse for its own occu
pancy. R. Osgood Pell & Co. negotiated the lease.
MORE ETJQITABLE LIFE PLAN'S.
G. H. Burnham. architect of the Equitable Life
Assurance Society, has filed with Buildings Super
intendent Murphy thirteen additional drawings for
the proposed sixry-two story building planned as a
new home for the society, to be erected on the site
of the old Equitable Building. They show distribu
tion and arrangement of the plumbing and drainage
plant of the structure.
There are to be 1,967 srrarate lavatories and 1*59
drinking fountains for the tenants, distributed from
the first to the fiftj'-seventh floor, inclusive. The
sub-basement will also have a shower bath for the
engineers running the plant. The drawings for the
building now submitted for the consideration of tha
superintendent number seventy, all told.
IN THE BROKERAGE MARKET.
B. A. Israel has sold for M. J. Foss No. 16P6
Lexington aye., a three etory dwelling house, on a
lot 16.5X75 feet.
Henry A. Goldman has sold for Jacob Cohen to
James J. McGovern "No. 16 Bowery, old buildings,
on lot 25x100 feet, between Pell and Dover sts.
Joseph Weil has sold for the Bohemian-American
Building Association. Brotislav, the two four story
double flat ho'jse Nos. 11S2 and 1184 Washington aye.,
on plot 50x!25.6 fwt, to H. Hornickel.
Fitzgerald & Broderick have sold the two story
dwelling No. 249S Arthur aye., on lot 25x79 feet, for
a client to Vincenzo Chanese.
Lauter & Blaekner have sold for David Robinson
the lot, 2Sxl<X) feet, on the north side of Jefferson
aye., 75 f^et east of Hill aye., and the lot. 35x110
feet, on the north side of Jefferson aye., 75 feet west
of Murdnek aye., Edenwald. to two buyers.
Berkowitz & Landsman have sold to Virginia
Bianchl and Charles Bacigalupo the six-story tene
ment house at the southwest corner of Cherry st.
and Catherine Slip, on plot 40xW feet. The buyers
give in exchange the two Fix story tenement
houses, Nos. 81S and 320 East 112 th St., on plot 60x
100 feet.
GETS TITLE TO A STRIP OF LAND.
The Pensmore Compton Company took title
yesterday to a strip with a frontage of five inches
on the easterly sid~> of Park aye.. SO feet south of
68th St., from James A. Farley.
The Roman Catholic Church of All Saints took
title to No. S3 East 130 th Bt.. 25x99.11 feet.
The Commercial Twine Company transferred title
to a number of parcels on the south side of 52d Bt.,
east of 11th aye., to the Travers Securities Com
pany.
AN ALL CASH STATEN IBLAND SALE.
The Brady Realty Company has sold a plot, 100 x
100 feet, at Fair Acres, on Grymes Hill, Staten
Island, to Thomas Stone for $3,000 cash. Mr. Stone
will build concrete houses on the plot. -
» i
REALTY NOTES.
Maguire & Co. have leased for a long term to the
Repetti Company the store, with basement, in the
Browning Building. No. 2125 Broadway, at the
northwest corner of 74th st. and Broadway.
Elmer Rtplpp is the buyer of No. 61 West S2d et.,
sold through J. B. Ketcham and Folsom Brother?.
S. Osgond Pell & Co. have leased for Henry B.
Anderson for a term of years the dwelling houe^
No. 4f16 Park aye., between 67th and sSth Bts. The
leeseep, Burnett & Chapman, will use the house
as a private hospital and sanatorium. The same
brokers hay« also leased the dwelling house No. i
East 92.1 st. to Miss Elizabeth Moseley.
THE BRONX BUILDING PLAN.
Reservoir Place, • • oor Reservoir Oval, 2
2 ety frame 4wg hs. 20x68.8 each: John
Poldow. owner; Jamw E Ford, architect;
total cost ■ _ IS.OOO
« l
BUILDING LOAN CONTRACTS.
£35th et. » s. 230 ft w of White Plains ai-e.
°sxll-»'- Eliza Livingston loans Ernil L*sk» $4,000
110 th «t. » s, &° ft • of .Amsterdam ava. 100 x
100 11; City Mortgagee Co loans Jumel Realty
and Construction C 0... • 1.0.000
Bth aye. No 711 to 715: Charles N^wmark on
J Harris to Economy Plumbing Co. ■ 900
PENNSYLVANIA BANKERS ARRESTED.
Plttsburjr. July 3.-John McK>e. president, and
Harry S. McKee. cashier, of the First National
Bank of Clintonvill.-. P«nn.. and William C. Me
]-;•-, cashier of the Farmers" National Bank of
Eml'enton, Perm., were arrested last evening by
United States Deputy Marshal Owons on charges
growing out of th« failure of both Institutions sev
eral months ago. The McKf's are near relatives
and prominently known in Venango County. They
were released on ball.
BOND ISSUE BY HETTY GREEN'S ROAD. '
[By Telegraph to The Tribune )
Au*tin, Tex . July 3.— Tha Texas Midland Rail
road Company applied to the State Railroad Com
mission to-day for authority to Issue $2,000,000 of
bonds on Its 110 miles of track. This road is owned i
by Mrs. Hetty Green. It wa» built several y»ars j
ago, but was never bonded
Unfurnished Apartments to Let.
THE, BOWNOTE,
Nearly completed, the most superbly situated apartment house in the city, a*
NO. II WEST 81st Street,
facing Manhattan Square and overlooking Central Park.
One large and beautifully decorated apartment on each floor, with ideal South
ern exposure.
These apartments are strictly high class in every respect: they consist of 10
rooms and 3 baths, and contain every known modem device and improvement for
the comfort and convenience of tenants.
Each tenant is supplied with an additional servants' room on the top floor,
and a large individual fireproof storage room in the basement.
Each apartment possesses the privacy of a private dwelling and no expense has
been spared in making them the most attractive and comfortable in the city.
Must be seen to be appreciated. Leases commence October Ist.
For further particulars apply to A. P. COBUR.V on premises.
Real Estate.
Closing
the title to Real Estate is
often a tedious matter,
but, unless conducted by
experts, complications are
liable to occur which may
occasion financial loss.
Let us help you.
Lawyers Title
Insurance and Trust
Company
•SSStSA $9,500,000
87 Übertr Street, SO IJfcerty Street,
MAMHATTAJS--
IBS Monfas»» !«r-*t, Br*e>fcXrn.
THE WORLD'S BROADEST GUARANTEE
Buy at Marlboro, and if at any time within one. two
or thr«e months from date of purchase you can buy In
all Brooklyn what Is In your opinion a better bargain
(excluding our own properties*, with equal Improve
ments and transportation and en similar terms, come
to our office, and we will either adjust our price to
your complete satisfaction or grive you your money back
immediately. You. don" t have to prove it. All w» ask
13 Th 1 1 i9 nperfectßSsSLn perfect ßSsSL ESTATE INSURANCE to yon.
ETerr one known Brooklyn lots are cheapest (value
considered) on earth, and oars are guaranteed cheap-
Mt ■„ Broo.Ul.n. ™YostZZy.
MAIN OFFICE: J«l BROADWAY. NEW YORK.
* " v "Phone 6370 CortlandL
RUUND & WHITING CO.
REAL ESTATE
5 BEEKMAN ST. NEW YORK
rnCP HOU?E PLAN BOOKS AMERICAN ARCHI
rKCC tectural Association. 261 Broadway. New York.
RIVER VIEW MANOR
Is New York's most beautiful suburb.
To Let for Business Purposes.
Very Desirable Stora and
Basemen]
1364 Broadway
TO LET
WTTH KESEKVATIOX OF ONE TTTNTKrW.
Apply to Renting Agent. -
610 Tribune Building.
154 Nassau Si.
Long Island Real Estate for Sale.
LONG BEACH
WATCH IT GROW.
MALBA ON -1 HE-WATER. THB ONLY SHORE
property for sale In N. Y. City. REAL.TT TRUST.
60 Liberty at.
City Property for Sale.
ROADWAY, NORTHWEST CORNER OF KEADE ST..
1> 6fi 6xlZ4 for sale; one of th« most ilesirabl«» cor-
BOT downwrn. Apply to WM. C WALKER'? SONS.
209 Broadway. ,
Furnished Houses to Let — Country.
COZY lOROOM COTXAG& QtTETLT STTrATTCP :
nil modern lmprovcmentu: spoclal reduced prtca
f »ason. W. H. M'ALPIN. Stamford. N T.
Real Estate Loans.
FIRST ANP SECOXD MORTGAGE MO.NET TO WAS;
applications from principals only. GEORGE Jtt.
EHROOTT? 156 Broadway Tel. 3583-3 Cortlandt.
CHICAGO GRAIN AND PROVISIONS.
Chicago. July 3.— Lower cables and Improved
weather for harvesting in the Southwest had a
depressing effect to-day on the local wheat mar
ket the September delivery closing at a net loss
of Uc to %c. Corn and oats were each up *,c to
Ke. Provisions were in c to 47i,c to 50c higher.
The wheat market opened weak and continued
weak the greater part of the day. owing to scat
tered sales by commission houses. Trade was in
clined to be dull owing to a short session of the
exchange to-day and to the complete cessation of
business to-morrow. The principal bearish factors
were a decline at Liverpool in the face of an ad
vance here yesterday, and the generally clear
weather in the harvesting fields of the Southwest.
Crop news was more meagre than for some time
past and that received from the Northwest was
of a bearish nature while the report of a St.
Louis trade Journal regarding the condition and
yield of winter wheat was somewhat bullish.
excessive damage by rains and by insects being
emphasized. The market closed easy. September
opened *C to %c lower at 87 % cto 87»ic sold at
87 % c and then advanced to SS^ic. The close was
at 87% cto 87 % c. Clearances of wheat and flour
were equal to 80,200 bushels. Exports for the
week as shown by Bradstreefs were equal to
2 000 000 bushels. Primary receipts were 364.000
bushels, compared with 878,000 bushels the cor
responding day a year ago. Minneapolis. Duluth
and Chicago reported receipts of 213 cars, against
231 cars last week and 582 cars for two days a
year ago.
The feature of trade in corn was active During
of July by shorts, which resulted In an advance
of nearly 2c in that option. Small receipts and
likelihood that the government report to be Issued
next Wednesday will be bullish were the chief
reasons for the upturn. Other deliveries were af
fected by the strength of July, the market In gen
eral being strong during the last half of the ses
sion. Sentiment early was a trifle bearish on ac
count of the slump in wheat. The market closed
firm. September opened a shade to He lower at
71V»o to 71Hc to 7114 c cold at 70>,c and then
advanced to 72>ric. The close was at 71 %c to
71 %c. Local receipts were 153 cars, with 17 of
contract grade.
Oats were inclined to be weak at the start in
sympathy with wheat and corn, but later prices
rallied on buying by cash interests and commis
sion houses. The close was firm. September
opened He to %c lower, at 40% cto 4d\e. ad
vanced to 41^ic. and closed at 40;ic to 41c. Local
receipts were 146 car?
Provisions were strong from start to finish be
cause of active demand by shorts and local pack
ers. A 5c to 10c advance in live hogs was the
main reason for the firmness. Pork was in espe
cially good demand, and showed toe greatest gain,
the September delivery closing with a net ad
vance of 47}4c to 50c at $15 55. Lard was up 10c
at $8 47ȣc. Ribs were 17% cto 20c higher at
II 75
Kstl mated receipts for Monday: Wheat. 3 cars;
corn. 170 cars: oats. 122 cars; hogs, 32.000 head.
CHICAGO CLOSING STOCKS.
American . • ** Diamond Match . ..ISO
A Booth Packing pref. M I Kan City Ry A h pref. 74^
Box Board Hi Quaker Oats, cash 125
do pref • B\| Street. Stable Car 29
Commonwealth Edison. 1 *; do , **- wji
Chicago Telephone . 135 | Swift *Co 100*fc
. - . , IMPORTS OF DRYQOODS.
Imports and marketings of drysrooda this week,
with comparisons, were aa follows:
This week. Last week. Last year
Total imports »1.93•J.^70 |1.«»7.ia>3 UWB.oTS
Jotal markettoW...... 1.407.V* L. TO*,*** J^SW.OST
(A
Unfurnished Apartments to Let.
Savings Banks.
EAST RIVER SAVINGS BANK
2SO BROADWAY. NEW YORK.
The 120 TH SEMI- AN NT .VI, OTTntEn) has
*■ /V been declared at th« rate of foar
Jr H Mv") P*r cent, per annum on all unu
tmu* /v/ entitled thereto. Payable after
■ July 20. 190*.
DEPOSITS MADE ON OR BEFORE JOT 10TH
WILL DRAW INTEREST FROM JTLX IST.
PICK S. RAMSAY. President.
CHAS. A. WHITNEY. Secretary.
UNION DIME S.YIN3S INSTITUTION
BROADWAY. 32P ST. -*XT> «TH AVEJfCB,
GREELJEY SQUARE. NEW YORK.
Interest FOUR Per Cent
PER A.V\T«. from *3 to S3 <VWi Credited July I*.
payable July 16th or any time later.
Money deposits on or before July 10th draw* In tins*
from July 1. 1008.
CHARLES E. STRAOtTa Frsalssns, ♦
FRANCIS M. XJEAKK. Treasurer. .J
WILLIAM G. ROS6. Secretary.
North River savings Bank
31 W. 34th St. bet.. 3th St 6ts Aym.
Interest credited July X»t. 1908
FOUR PER CENT
per annual, on deposits entitled thereto, as
sums from
$5. to 53.000.
Deposits m*d« on or before July lOta win
draw Interest from July Ist.
Samuel D. Style*. Presldsflt
Frederick N. Cheshire. Treasurer
Charles' F. Turtoo. Secretary
Open 10 to 3; M»n4a7» W to 7; Si(«rdi7» M is 13.
The Franklin Savings Bank
Comer Bth Abentie & 42d Street
96th eerrA -annual dividend has
been declared at the rat» of '
FOUR PER CENT
per annum on all sums entitled thereto from «
$5 to $3,000. payable on and after July 2r>th.
19OS. Deposits made on or before th«» tenth
of July will draw Interest from th» f!r»t.
Surplus, par values *1.551.9eT.3S
Amount due 44.751 depositors US .M3.t2«.04>
Win. O. Conklln, Pre«. J. Hallo«k Warm*. Sec
GREENWICH SAVINGS BANK 1
8. B. Cor. Bth Aye. and l«th St.
INTEREST AT THE RATE OF FOUR PER C^ENT.
m f*t PER AN.N'f-t win b« credited depositors for tilS
IX TO SIX MONTHS ENDING JUNE 30 on ail sum*
•*• from |o to $3,000 entitled thereto under the by
laws, payable July 20.
Deposits made on or before JULY 10 win draw Interest
from JUL,r 1. 1806.
JAMES CUINLAN 1 , President.
CHARLES M. DUTCHER. Trs**T,
J. HAMPDEN ROBB. J <w~tart,~
FRA.VCI3 M. BACON. Jr.. i &"****<*■ ,-- -■
NEWYORK SAVINGS BANK,
>'. W. Cor. 11th St. and BCh Avenue.
The Trustees have declared a dividend for the six
months ending July 1. 1903. on all deposits *atiti*d
thereto, under the by-laws, at the rate of
FOUR PER CENT.
per annum, on all sums from,
$3 TO $3,000.
I>eposlts made on or before July 10th wtn draw £&■
terest from July Ist.
WILLIAM FELSINGER. President.
JAMES L. WAKDUXO. Treasurer.
ARCHIBALD M. PENTZ. Secretary.
Instruction.
ALFRED N. FULLER. A. B.
Students coached for Fan Examination. 245 East Wt{»
■treet. After July 5. Southampton. Long Island.
For Both Sexes—
run BERUTZ SCHOOL CT IASGVAOSM.
Madison Square ( L l-2 Broadway, » .
Harlem Branch. 3*3 Lenox Aye.. near 127ta Si. >
Brooklyn " TS Court St. \
SUMMER SCHOOL AT ASBURT PARK. it. X.
Teachers sent to all places wit!:: a hundred mllss
i ~ ""*
For Boys and Young — Country.
_____ '
II ADI CUinnn~ A ■**<:«*»*"! school near PsEm,
LCff UUU WaVes up Boys to duties of Ufa.
Precares 40 Boys for college or business. 47th year. Via*
lare« gym. Dept. for Little Boys. Manual training
Pleasant summer home, tutoring optional. J. SHORT
LIDGE. A. M.. Tale. Prln.. Cuncoruvtlle. Fa.. Box VI.
The East Greenwich Academy
Fast Greenwich. B. 1.. Founded In 1802. Certificate
admit* to college. General course. Strong faculty. J*ew
_vnina*ium and dormitories. Basket ball, bowlin* aUeys.
Tennis and all sports- Separate department for young boys.
I Foundation p-nrlts the low rate of «W New catalog!**.
I Address Charles Alford 8*esi»oo». M. J-. PrlacfcwU.
For Touns Ladles— Country.
CONVERT ICT.T. Ljtksviile.
The Taconic School for Girls
Near beautiful lake In the B?rkshlr« Bill*.
Mt«:3 LILIAN PIXON. A. B. (Wellesley and Brr»
__wr). MISS BERTHA BAILET. B. S. (W«ll»al«y>.
RYE SEMINARY or aS&r—
Mrs. 6. J. LIFE. The Misses STOWB. Rye. X tort.
A rtJRAVIAN- SEMINARY FOR GIRLS. BETHLEBTEM.
>1 Pa Founded 174». 159 th year opens Sept. MM.
, Address J. MAX HARK. P. D- Prln. _^
School Agencies.
I AMEKICAV AND rOBZIGS TEACHERS* AOz^CX
.op^lS , SoNtsor.. Teaoh.r* Tutor* O«'«"-* •»*.
! l, Colleres. 6chool and ramllt«». Apolyto
— sssus— s»^^—^——^*^^^^^ >^^^^*^^^^ W *^^^^^ _, ■»
Foreclosure Sale.
CiTIPREME COURT. NEW TORK COCNTT-—
S G^Trd lai ™» Company of New Tort, pontiff.
| asatn»TMo«onon Mountain- Investment Company, to
i f 'l» pur»uanre of a judgment o« foreclosure and sale.
i ji..V« mad* and, ea*«red In the above entitled action •*
the 1« day of July. l»0*. I. the undermlgned. ta«
Jefere' In said ju.i£m«r.t named, will Mil at P ? WI,
• auction at the Eichanje Sales Room. No* 14- 1« Vee*y
Street in the BorouKh of Manhattan, on the 10th day
of July lS&. at 12 o'clock noon on that day. by,
'; Joseph P. Da..- Auctioneer, the property wd Mcurni**
; directed by said judgment to be sold, to wit: MUi
,hare» of the Little Fannie Mining Company. 162.500
■ share" of the Mineral Creek Milling Company.
. - 9'« O<V» shares ft th* common stock of the Stiver
I creek Mining Company. 214.3 »« shares of th« preferred
steclc of the Silver Crock Mtnins: Company, «*•«>
•hares of the common stock of the Mogdlon Mountain*
Investment Company. _ :^;
Dated. New Tort*. **£ g^,.^^ Ra(^
GRATTAN COLVI^. Attorner for Plaintiff. No. 1«
Broadway. Borough of Manhattan. New Torfc
i City. N. T. ■
Lost.
, . - - ,-._,T n i-i_ .- -.- ~ ~ -.-■
8 C Powell * Co.. 170 Bro*dway. N«w Tork. off»r *
reward of Five Thousand DoUara<s3»ooo» ftw»e«o»wiiT
of wallet of diamonds stolen «**>■***■ *; s?ti m^T
between 5 p. m. Monday June 2»th. 100 K. and »:13 a. m.
Ttie.day.Juoe Mtk. l>*i. In St. Lobls or Chi-a«t> or en
route between these cities. Rswara payable Immediately
upon ld«ntlncatlon by owner. Apply PlnJc»rton-« S*>
llon*J Detective A«ency. 67 Broadway. New Tort.
■ - -
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