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0 CURRENCY RULES jrhmu Explains Provisions of Act in Circular. j un 1- — Secretary Cort<»lyou to-day •fSST* Treasury Department circular carry -■' '■ , - -If new cuirrnoy act approved May 0 ( :, itT ouoitnK the act the Secretary calls j$ !$-<*• * llje fact that there are two methods of 0^ m Z r additional national bank currency un &&*!Z« iO n*. Banks occupying contiguous ter- * rr * > n^canlse currency associations, providing pn&f.^ lftst trn hanks in each association 0*? f^m wrgropat" capital and surplus of at. '^^noOPO while the individual banks must ** \-fcmaired capital and surplus of not less |JIB rt Any member of such an assocla •^f^tandins circulating not« of not loss *■ ? cwit of it* capital may obtain addi 0" ' r-ttittnjr notes under Section 1 of the act. ***' i sank* °* tno Fanlo Ftandlnß as to «»P ital jatfsw- Mit rot numbers of an association. d FF a a&\uona.l circulation under Section 3 jjy of.*— t?* ** that all national banks entitled to take >"X lm , a - circulation may join currency asso <* "° tK , 's*v!>'firv of the Treasury res^r\-es th« * SBA adS » and include in the territory of an *»* a-y L ijiuHiiW territory containinsr na •B^^^T^hicfj would otherwise be excluded "** B re inconveniently located as to a ■-■"' °i csrrracy association. The names of the **** -.« must he indicaUve of the locality, and *"* ti may not style itself "First National c * s*—5 *— A«wv:atioTi ' CCIt^ T «rory r>?artmer.t »' ll l furnish blanks to V*'2bus* - r » which they may file application. I***; an association and otherwise take the 9 jo—^ _t0 rnr .. r iy -with the law. and prompt or disapproval is promised by the Trean 17 in the circular showing by A &* _ M iiiint of capital and surplus of na- P* , entitled to membership in the currency '^.acn, arranged by rtates and sections. Sec t<fsa^jteiyou says it will be seen from this **^ t iha national banks within some of the •* not ittta to form by themselves cur |SrS«Sati«W PJT lack of aggregate capital :pa '^ s S o th«";. must be affiliated with banks JSraou«%iat<>s '" that purpose. The Secre = \^no- at this time allot any territory for the "Vjjpr nf associations other than as indicated * Ii^ r . i . ;3 . ■• In thoucht that the banks may S itto come IM>»JUI« of their own volition, and * esaslfiered ?referab> that state linos be ob "•* far ac practicable, and that banks should Snaflrfac * djnl!:flt>n to associations not occu i^StlrßOM territory. The Secretao" may as- Jaa asFoc'.aticn any qualified national bank a a not take part in its formation. rirbttcwat circular win define th« method to * «:UMri'd «- obtaining additional circulation JUcb the satsonaJ bank currency associations, Zea'f circular relating entirely to their organiza !^Tbe 'ndivioual banks of the association, how '" fierfrir.? to obtain additional circulation must !*^t •* arpttfM— to the officers of the '"l.^ar.-"-' to the Secretary of the TTeas- Z v* those DO «■ will apply to the department. AT^catiros f Or additional circulation under Sec «lly itic:v 3 taJ banks, not members of aesocia tm m*r b" addressed to the Controller of the rj-arv, «bo ■»','• advise them as to the pro rf^ CT "on, --»- cent per annum upon the average E=ti!T MlWimi ■* public deposits MM will be pity apposltir>- banks, to «be computed from IMI& DOS, and to *• payable July 1 th« same tbt tat thereafter on Januar>' 1 and July 1 an v lir. Inter^«- will ■• paid on the entire amount H* temporaiT or special depositaries, and on jyisoust heli by regular depositaries in excess Ili^n needed for the transaction of public taUMS. Each bank will be- advised by letter of crest of it« exemption. Finally, the Seere 37~serre£ th«» right, upon notice, to Increase the » i? toteres* to be paid by depositaries. TBC ON CURRENCY LEGISLATION. fcilferits of Emergency Law Will Be And as Its Operation Is Better Known. Inr.rtr.r-k. GaT June" li^Charl«»s H. Treat. tjiefl States Treasurer. addreF^d the Georgia ioterp' Association to-day on recent financial spslation. He spoke ••' '"* par.ic of last fall cdjmlped the work don« by Secretary Corte'you ttliay the currency stringency. "Tiit outcome of the long and protracted efforts k »core this leg-iFlation." he s:ild. referring to ■* «mer<r*r. y currency law, "was the passing the Aldrich-Vreeland bd. which not only en ■ps the kinds of securities acceptable as the aw lor note issues, such as state and municipal tmlt. but also, in a conservative way. provides in th» ttllization of commercial paper guaranteed &■ tie fiational currency associations. Thle i^uar- C«» should mak? the issue of currency on the taS» of commercial paper more than equal to the wt first niortgaße c- no, as tli» puaia.ntee behind : r«pres«tts such great financial ability. This *» featcre of note issues on the basis of com woa] par*" bad not absorbed the attention of fes cocrtry, except among business and banking n*«. The law is conservative, and at the same «&Kes the experiment to be fairly tried with- C hmrd. and its merits will t>» proved as its •RntlC'r. bccomai better known." . l , WORE C. & O. INDICTMENTS. ichaoad. Va., Jur;* 12.— The federal jrrand Jury **«T returned Indictment? against the Ches<a *M« & Ohio Railway -r.s>ny and Warner R. **•« anfl Thomas I>. Moore, trading as Warner. "•weft Co.. for iTlia.mil vir,;a.tior.s of the lnt«r ■* flomtpe-^ law. Alexander P. Gilbert, a.?i»iPt- Cf»aer£] ir-izht ay | of the railway and Will &S. leaßßton trr&lri dealer, recently indicted te £Sfß»a rcbatir.gr. pave bond of HMH each *■&;. Their cases were set for the latter part of "•"■ber. THE PRINT CLOTH MARKET. Pjver. >!af X .. June 12.— Sales in the print ll =arket for t!;e -.vee'K are estimated at 110. • >«£. VWV the volume of soods disposed *«•>« not ihow Eg large a. total as that for the. ***&% tre^k. there is a fair inquiry at un ••• rric*s. Narrow looms are rfcelving bet *"iall than ••■ wM» odds, manufacturers asking l| *twith higher than the quoted prices for the £*». MH jtiv«^F ih« market a firmer under ** Th» curtaJlrr!*nt this w*»*k is equal to about '*** i '- ct th« total production. % ** Pricf* &re: T»r>tity-- i iri"h. 64 sauaref. !!**'■* : 3 '•'!■■ »4 by 60. PA cents; - : inch. 64 ***• i c^ntg; g«P-j inch, fA squares, 4% cents; 49 **. » 5*72,6*0^1*. j NOTES OF THE MINES. J*""'" A. \>vins, president of the Cobalt Ce.n- i * y^n^rnav. "I have Just returned from a *"*"f>i haacetioa of mb property, and am more J^PleaaKj v'- •>-. fhowing it is making. The. JsCobaltJ s Cobalt ramp looks better than ever before in Our concentrator is now treating from seventy rr.n* of or«» a day. and. with th« 7^" ; •* «oni<: !nf-'xr.*-nsi%-*» mar hinerj'. we shall *;&-« to •.. one hundred tons or more a day etr*»+, rMr *<*'*«■ I in*j«-ctM the Bailey pro;; 1 our r-jmp»r>.y ha* recently leas-d. and CM* Eaturtlsy last mi<j» a strike at the ll» t/rT' 1 running two thousand ounces to the ton. *hZ*?* ET)<i ' 'ontrol mor*> than eight hundred g*j th u-st mfiMralnsM property in tb4 camp, "^nie t»-«ity-Be\-en different mining claims. j**^o'iQ<;-!- of t!)*- Greene Consolidated Gold C^TkftM fin adjourned ere.clal mating yester- J^it, M Was th<? oaa« two , v -,.,Ks ago. no tf*° *as pr^^nt. Reading of the minutes of «*t «Sij»ctr )r8 - tneetjjjg revealed th* fact that -*fc* given OoJcnH <Jreen» contcined a pio £* Jh*t If trjthii twelve months he had not •sTt,^ «PtriiUonp th<- lease wouid >■■•• nullified. *t iSO} «'■■'« r . .1 further important Informa- * hirh w . a< the ros i j.»tion of the U>l ffjl «r^tcrF W. E. I>. stokes, E|peea Ran- TnTif ; /• G * u * "* •' T. Morrow, a " ' he , el ':/ £"'«>• (ollowtac aa th«»ir »we' maaora; I* H. '"ii. t. j - Gof-jen-.ueh. W. D. Makepeace and «rZ*J»*urr>; . Furthermore, It was reveal-4 *4?*« * y*.;,, hfrj ,-,iain ot '»■•• director* re- J W.LWvtlepp of su bßcribins for 50.000 shares iS ttock ;-t « a share, and that the ■ <■-' ■ tZ* I **. equally divided amonjr tlir-e. have % "•*>trtaKT.-rr.6 1.. tb^!r re^pe>•m• names. l^" l>t ** '<.;;• Company is now tr^atin? ISM w *a day. which i» averaffinfj 1.6 par c. Nt 1^ - f om »hl. ?'.f recovery i s tweniy-thr<* «» ,°f copper i ton. Tlie roankeemeht. bo« l^^ 11 * 0 '"• showing Hie cheapest mining l^^i 1 * Un ■'■ ■ States or any oth<r &**£*£• ■ operatl.,* cost is i.-.v. $Z«< a ton. influd- Ifl^- .-ltiu«._ J• - .'7,, : '," • BJ^W-r- of ' ' n «..s. The oiv dejKiait ol me * t ti?Tw<--> Tl)r , a ,' v iH or r.-niarkable uniformity- jkt oeot ul cvi»i>«- lur Uie THREE R. R. RATE ORDERS. Commerce Commission Decides Im portant Points. Washington, June 12.— Three important orders re garding railroad rates wene Issued to-day by the Interstate Commerce Commission, each relating to a proposed modification of the requirements of Rule M of the commission's tariff circular. No. 15 A. The first order was in response to a request of the Gulf foreign freight lines in respect to the rates and fares between points- In the United States and points in Cuba. The commission or dered that its directions in the Cosmopolitan Ship ping case should be adhered to. Carriers partici pating In export and import traffic between the United States and Cuba, South America, Central America and Panama received an extension of time until July 1 next within which to file and post their tariffs. \*. : On petition of the Atchison. Topeka & Santa Fe Railway Company and other transcontinental lines the commission granted the carriers permission to make changes in their import and export rates from and to foreign countries through the Pacific Ocean lines on three days' notice. The carriers also received an extension of time until October 1 rfext within which to file with the commission and post to the public their expojt and import tariffs. The third order extended the time within which carriers may file with the commission their tariffs between the United States and Cuba to October 1 next. . ' « r F. KIXG SURRENDERS. Released on $25,000 Bail at Boston — Issues Statement. 0 Boston. .Tune 12.— Cardenio' F. King, the financial agent, of this city, who for some time maintained extensive offices in Boston and New Tork and who left th city last February, appeared sud denly at police headquarters here to-day, an nounced his identity to the official on duty and sur rendered himself to answer to an indictment charg ing him with the larceny of 52T..335. The indict ment, which is in thirty-one counts, was returned against him two months after he went away, and is based on evidence of persons who said they had sent money to King for him to buy stock for them aid that the stock had not been delivered. King came over from New York or the midnight train last night, arriving in this city shortly after 7 o'clock this morning. He walked up from the South Station to police headquarters without be ing recognized by any one. King had a conference with his attorney at police headquarters, after which he Issued a voluminous typewritten statement, in which he said that he left Boston in February because he had to do so, as to have remained in Boston would have meant "either the madhouse or assassination at the hands of one or the hundred hired thugs who had dogged my footsteps for nearly six months previous to my departure." He said that his financial misfortunes hao been the result of a conspiracy against him and that he had determined to fight the men who were responsible for his plight and to rehabilitate his fortunes. Throughout the statement King con tinually refers to a Boston financier, whose name he does not mention, but who is characterized by him as "the master thug." King was arraigned before Judge Pierce, in th</ Superior Court, late in the afternoon and pleaded not guilty. In default of $25,000 bail King was committed to the Charles street Jail. He was re leased from custody at 9 clock to-night, bonds for |25.* M having been furnished by friends. NEW IT. P. BONDS OVERSUBSCRIBED. Their Weakness on Curb, However, Causes Sharp Break in Stock Market. Kuhn. Loeb & Co. closed the subscription, list for the new Issue of $50.©00,«» 4 per cent Union Pacific prior Hen and refunding bonds at 1 Oo'clock yester day morning and announced that the bonds had been heavily oversubscribed. The list in London was closed two days ago. On the curb, where the bonds sold a few days ago at rr»i, tney toucher! yesterday morning 95. a figure la point below the subscription price. The total sales for the day were $1,150,000 and the clos ing price was &5 l . The weakness of the bonds on the curb occa sioned much comment, and was attributed in some quarters to animosities arising from the failure of large interests to obtain participation in the highly successful Pennsylvania bond offering several weeks ago It was reported in the Street that at least one large house was Invited to subscribe for the Union Pacific bonds, but instead sold them short yesterday. The decline In the bonds was among* the principal causes of the sharp break in the stock market, in which Union Pacific fell to 143. closing with a net decline of 3'« points, at :;4 «. TO CUT FOUNDRIES STOCK IN HALF. Steel Company Stockholders Authorize Reorganization Plan. The special meeting of the stockholders of the American Steel Foundries Company to take action on* the financial reorganization of the company, which has been adjourned from time to time, was held yesterday in Jersey City, and a resolution pro viding for the reduction of the capital stock from $37 6^0.000 to $17,184,000 was adopted. The reor ganization committee, of which E. 11. Gary, chair man of the United States Steel Corporation was Chairman, held proxies for i:.3.312 shares of the preferred and 140.934 shares of the common stock about 92 per cent of the total outstanding capital stock. The resolution to reduce the capital was opposed by Eugene Small and Isaac Blame, who held proxies for 1,250 shares of preferred stock In reply to > stockholder who raised the question f compensation for the reorganization committee. Judge Gary «aid there was no Intention of making any charge. A resolution expressing the apprecia tion o""he stockholders for the committee s work, •in the more because it had been done gratis." was thereupon adopted unanimously and the meeting plan has already been pub- ItaM to detail. It provides, in hrief that the stock shall be made to represent actual value. \\ hen the San wa^ "St submitted to the stockholders las February it was opposed by David Straus, of New York a Ft.ukhoider. who obtained a temporary In ]unct'ion f om Vice-Chancellnr "—"• in Newark. been suspended for some time, will be shortly re suspended for fionir raw sumed. SARATOGA SPRINGS STAY VACATED. viterdav vacated the temporary restraining order m char** « «r it prMti^ of the Saratoga ESS - - -""-I heJuh resort, and Frank H. Ha.horn crating with them. COURT CRITICISES COMMISSIONERS. 7. a, ~ down «n opinion refusing to allirm in ending do^n P^ fninlßßloncril ln con de,,» '^.""^iniX -hich the city -eek» to ac natJon proceedings imlng , w iion. Justice Kelly. ? h T7onl ?£»d^Railroad tracks and the projected the Long _im« yalued ,„ the comm is- Avenue P. and »* 5m whereas Justice loners' report at about • -*- -■». KEW-YORK DATLY TRIBUNE, SATURDAY, JUNE 13, 190 S. ERIE STOCKS DECLINE Bonds Also Feel Bad Effect .of Tuesday's Announcement. Following the announcement of the measures taken for enabling the Erie Railroad Company to meet the coupons due in the coming year on its prior Hen and general lien bonds, the Erie stocks declined sharply yesterday, the common suffering a net loss of 3^ points, the first preferred S and the second preferred 2%, while the bonds were correspondingly weak, the convertible 4s, which closed at 55 on Thursday, closing yesterday at 49? - It had been generally supposed that the financing in April, when $15,000,000 of notes were issued, of which Mr. Harriman took $5,500,000, providing for meeting the $f.,500,000 maturing in that month, 'and of which a syndicate headed by J. P. Morgan & Co. took $5,000,000. the remaining $4,500,000 being re served for future issue, had put the company out of danger for the near future. The announcement of Its inability to meet Its fixed charges and of the necessity of entering Into an arrangement under which the bankers should buy the coupons on the prior lien and general Hen bonds aroused re newed apprehension as to the future of the road, which was reflected in the selling of its securities. The plan referred to in the announcement of Thursday night for funding the coupons on the general lien and general mortgage, bonds for a period sufficient to enable the company to com plete out of current earnings the improvements now under way. has not yet been perfected, it is understood. It is said to be probable that it will take the form of an offer to the bondholders to sell their coupons regularly at each interest date subsequently to July 1. 1909, to a banking house, which would secure a prior lien security on the property to the extent of the amount represented by the coupons. Another report is that the bond holders themselves may receive a prior lien se curity on surrendering coupons as they mature. BROOKLYN BANK MAY OPEN JULY 1. International Trust Company Depositors To Be Paid in Full. fnless present plans miscarry the Brooklyn Bank, which is at present in the hands of receiv er«= will open for business on or about July 1. and at the same time the depositors of the suspended International Trust Company, at No. 209 Broad way which is closely allied with the Brooklyn Bank will be paid in full by the latter institution. At a special meeting of the stockholders of the trust company yesterday a plan was approved by which all its assets will be turned over to the Brooklyn Bank as part of the reorganization scheme of the latter institution. These assets, it is understood, amount to some |«50,0t0. S. Btanwood Menken, of the firm of Philbin. Beekman A Menken, who has worked out. the plan of reorganization for the Brooklyn Bank and the liquidation of the International Trust Company, said: The stockholders of the. International Trust Company are given an option to purchase stock in the Brooklyn Bank at bar in two years. in« plan is favorably considered by the stockholders of the Brooklyn Bank, and all save ten of its shares have been voted in approval of the scheme, and these, it is believed, can be obtained. The. Brooklyn Bank stockholders and directors, late this afternoon, after a meeting unanimously ap proved the scheme The Brooklyn Trust Company has been made a depository of the shares which, in furtherance of the plan, must be deposited. A loan of (600,000 to the Brooklyn Hank has been arranged. Where this is to be got or from Whom I am not at liberty to say. Thus, with the funds there, cash and bonds salable on the Stock Exchange which are equal to cash, there will be in sight $1,725,000, against joint lia....itios over assets of $1,775,000. This plan is, however, sub ject to the approval of the court and tne banking department. FIRE AT MORRIS PACKING PLANT. Match Causes Two Explosions and loss of Two Lives — Flood Impedes Firemen. Kansas City, Mo.. June 12. — Two laborers were killed, two others were seriously injured and prop erty estimated at between $25*>,000 and 5350.000 was destroyed by two explosions, followed by a fire, in the packing hou»e of Morris & Co. at Kansas City, Kan . to-day. The explosions ruined the cold storage building, nnd the fire destroyed the smoke house and contents. An explosion of sewer gas resulted when a worker in one of the cold storage departments lighted a match. This was followed by h much more serious explosion of a quantity of ammonia. The Morris plant is near the channel of the Kaw Rtver, and. being in the centre of the flooded dis trict, is in a swift current of water from six to eight feet deep. This condition made the task of the firemen most difficult, and it required five hours to get the flames under control. Fire ap paratus was transported to the scene after much delay by flat cars. SAY DEAD MAN -BUTTED" INTO FIGHT. Pugilist Arrested for Killing Canadian Found Lying on Sidewalk. Joseph Goldman, a pugilist, of No. 20l Monroe street, was arrested last night for the. killing of Albert E. Novell, of Toronto, Canada, who was found lying on the sidewalk in front of No. 210 West 27th street early yesterday morning. The po lice have statements from Daniel Lavarre. of No. 215 West -Tth street, and Morris norsey, of No. 213 West 27th street, negroes, who say the dead man was in the neighborhood all of Monday night, rep resenting himself as a detective looking for crap shooters. According to these men Nowell "butted" into a fight going on in 27th street, near Seventh avenue, telling the fighters to stop, that he was a police man. When asked to show his shield lie could not do so and the two men left off fighting and struck him repeatedly, they say, knocking him to the sidewalk, bo that he was not able to get up. He lay in the street until Patrolman Malcolmson came along and had him taken to the hospital, where he died later. Dorsey told the police lie recognized Goldman as the shorter of the two men fighting in the street. He pointed Him out to Detective Fogarty as he emerged from the Roraar Athletic Club, at Orchard and Grand streets, last night. Goldman was locked up on a charge of homicide and the negro was detained as a witness. The only mark of identification on Now,! was _ notebook containing the sentence: "In case. of accident notify my mother, Mrs. H. No we 1. No. Norse street. Toronto. Canada." A telegram received from the Chief of Police of Toronto T ? i~t.« living the dead man was undoubtedly All ertF NoweU. and that hi. brother. William Kowell. bad left Toronto for New York to claim the body. IMMUNITY FOR W. H. LATIMER. "T, „ tune 1° .Pv agreement of nil con ni!lf nP c bill' of indigent charging William ;r Latlmer alias "Handsome Harry." with em £»S£st and conspiracy in connection with the »tion of the Provident Investment Bureau, of X;: .-ere submitted to . jury in the criminal this clt>, w to-n«v and a verdict. of not guilty re- Sut!^- .1,0 alleged to have been con 5£S with the Storey Cotton Company, which "iVfl lapsed. It I* understood Latimer receives flmunity for information furnished creditors of Se concerns in bankruptcy proceeding. NO MONEY FOR 17.000 CREDITORS. Uo«ton. June 13.-There la no possibility of pay ing a dividend to the seventeen thousand creditors If the Provident Securities and Banking Company, which failed In UN. according to the report made To the Supreme Court to-day by the receives. r a'wSd and Alfred B. Hall. The receivers Sate that there hi only $3,500 left and that no SlßtribUtlon can be made, because the expenses t formal notification to the numerous creditor. " f Sou the entire assets. The company would large 1 busmen for a time by distributing ll j;!,Vii steel savings banks for deposits. SAN FRANCISCO STOCKS. tun Francisco. June 12.-The official closing «jiio t mom for mining stocks to-day were as follows: , tationo , 2lJulia ft Alt" ... ft Justice 2 Alpha Co" Kentucky <'r>n. 1 And'» " ' JOII. Wash. Con f> Belcher ••■•■•; finiM'-xlcan 4!1 l- ii * Belch*' | hjOo ,. , , nta| .■,,„ is million .. 7 Ophlr 270 Caledonia - ; ■ • _ M<>\>-n».in 3 fhaii*nf« '''•" '.'.'..'.. ejpotoßi — 10 Chollar ' . 40 -Savage M (■••.nli'l*" 1 •■•• /■... M ta« Belcher 2 <v,n. 'Hi * •" . | Biarra Nevada 20 ,on. lini»rlal ■■■.".■.■.... no i olon ■•>" 2»J Crown i'>'' nl ; , l^ii'ij.li Con 2 »!v.aow Jack #o $13,000,000 New York Central and Hudson River Railroad Company THIRTY-YEAR FOUR PER CENT. GOLD DEBENTURE BONDS. DUE MAY I, 1034. - Interest payable semi-annually, May Ist and November Ist. Principal and Interest Payable in Gold. Part of nn authorized tm limited to $50,000,000 (?^,000,000 having been sold in 1004) under an Indenture dated May 12. 1004, and executed to the United State* Trust Company of New York as Trustee, by the Railroad Company, to which reference is hereby made for a state ment of the nature and extent of the security, the rights of the holders of mM bonds under the same, and of the terms and conditions upon which said bonds are issued and secured. THE BONDS ARE IN THE FORM OF COUPON BONDS OF $1,000 EACH. WHICH MAY B- REGISTERED AS TO PRINCIPAL ONLY OR MAY BE EXCHANGED FOR FULL REGISTERED BONDS WITHOUT COUPONS IN DENOMINATIONS OF $1,000. $5,000. $10, 000 AND $50,000. REGISTERED BONDS MAY ALSO BE EXCHANGED FOR COUPON BONDS. . • - WE OFFER, SUBJECT TO PRIOR SALE AND CHANGE IN PRICE, THE ABOVE $13,000,000 OF BONDS AT gi l A% AND ACCRUED INTEREST. Temporary Receipts will be issued pending the deliver* of the definitive bond?. I P. Morgan & Go. First National Bank of N. Y. National City Bank of N, V, Now York, June 12, 190& Bonds will also be sold by Messrs. J. S. MORGAN & CO., London. Messrs. LEE, HIGGINSON & CO., Boston. Messrs. DREXEL & CO., Philadelphia- THE HARRIS TRUST & SAVINGS BANK, Chicago. Capita! and Surplus $2,000,000 WILLIAM H. XICHOLS. WIT T^ARI> V. KIX'J. President. l>nTT^ I2?£2SS?t LANGLEY WIGGIN. Secretary david s. mills, Tmst office PARK TERRELL. Mgr. Bond Dept. DA\ ID S. MILLS. Trust omcer DIRECTORS toiiv n TIXRRKTT JOITV R. McGINLKY. Johnson N * Higgin S K lnsu£nce. Manufacturer. PAMVEL G. BAVNE. ; CHARLES F. MATHEfISO. President Seaboard Nat. Bank. ! Harmon & Mathewaon, Attorneys. ROBERT S. BRADLEY. WILLIAM H. MCHOLS. Chairman. Am Agricultural chemical Co. Chairman. General Chemical Co. FREDERICK H. EATON. , AUGUSTUS (J. PAINE. President Am. Car and . t^P"" <lrjr co - President New York an.l Perm. Co. JAMES M. fiIFrUUO. wm r PFTERS ■ GirrordHobbs& Beard Auorneys. p, tPrs ."wh«r& r Co"c^micals. Goldman slchs" Co Bankers. CT.ARENCE W. RAMANS uoiaman, B lIEPBIRN. President T'nlon Typewriter Co. President Chase Nafl Bank. HERMANN SIELCKEN". C. H. HI'TTIC. Crossman & ?ielcken. Merchants. President Third Nat'l Bank. St. Louis. ARTHUR TIRNBIXI.. WILLARH V. RING. t>ost & K laeer , Bankers. President of the Company. ARTHUR *'■ YATES. ANTHONY B._ RISER. prpg Buft alo. Rochester * Pitts. R. R. Ov IHDEPEHDENT OF THE CONTROL OF AMY SIHGLE INTEREST CHICAGO GRAIN AND PROVISIONS. Chicago. June Fre«,h reports of damage to the new crop by wet weather and ct %™ u *** strength to-day in the local wheat- market, the Jnly delivery closing at a net Rain of l»<,c. Corn was unchanged. Oats were »*c higher, and pro visions a shade lower to Be higher The wheat market was strong all day with the exception of a brief period near the middle ot the session, when prices declined about 1c on liberal realizing sales. News regarding the growing crop in America was the chief source of strength and completely offset the weakness of foreign mar kets. Crop damage reports to-day were more nu merous than at any time during the last mor th. and told of injury to the crop in "lino sand Mis souri by wet weather and in the Southwest £> rains and Hessian fly. The report. of 'a St. Louis trade Journal confirmed to .s o ™*^"^ damage news Leading bulls M the baying. which was quite general all day. The market closed strong. July opened 14c to Uc higher at S7%c to 87?ic. sold between K. 1 *'- and 88*.c to SS'lc and closed at 88% c. Clearances of wheat and flour were equal to 73.100 bushels. Exports for , he week as shown by Bradstreet's wer« . equal to 3 065.000 bushels. Primary receipts were 3^9. 000 bushels, against 420.000 bushels on the _ same day last year. Minneapolis. Duluth and Chicago reported receipts of 242 cars, against 175 cars last week and 254 cars a year ago. , The corn market was firm early in the day in sympathy with wheat, but later became easy be cause of the weakness of cash corn. Liberal of ferings from the country depressed prices. The market closed steady. July opened unchanged to We higher at 67 ',(• to 67»' 2 c. sold up to b,» 8 c . and then declined to 6«% c. The clo«* was at 67 >ir. Local receipts were 339 cars, •with 9 of contract grade. . . The feature of the "trade in oats was active buy ing Of September by shorts and commission nouses The market was generally strong al though several times prices reacted on realizing sales Damage reports were the chief bullißh In fluence July opened unchanged at 4.' c. aa "ancedto We! and closed at 42^c. Local receipts Provision^ opened strong because of a 5c to . „_ Provisionfi opened strong because of a ?c to 10c advance in live hogs. The greater part of the strength was lost, however, on selling by longs and outside packers. At the dose July pork was up 5c to $14 10. Lard was off a shade, at SS . . ft. Ribs were a shade higher at $7 -o. „.. . „, Estimated receipts for to-morrow : Wh eat. nil cars: corn. 325 cars; oats. 147 cars; hogs, 18.000 head. BUSINESS TROUBLES. Th« petitions In bankruptcy filed yesterday with the clerk of the Tnited States District Court were as follows: Elwood J. Dlxon. No. 155 West 102 d street. c^e c rexc o St n eT Js3rJ $ 3ro m fc s la R b o^ '■ t Hili No 348 West 52<S street $8.94? OR. on a running account for groceries pfxon wan for merly in business at No. 274* Eighth avenue. Anna C Biasell. retail dealer in men's furnish iiiKs No 522 Coiumbus avenue, voluntary peti tW liabilities. $1.860 6«; assets. $917 3R. Latter ino"uo> l stock! vh 38. and deposits in bank. fZ. Schedules of Jacob BroiiP. doing business as •The Hub." at No. 2/72 Third avenue, give the bankrupt's liabilities as 14.639 26 and assets at $2,003 61. Included in the latter are stock worth $1,500 and machinery valued at $1,250. Albert Pticknev was appointed receiver for th* Davidson Engraving Company, at No. m White street, with a bond of $3,000. The plant of the al leged bankrupt concern, against which tho peti tioners 1 claims aggregate $11,477, is estimated at $5,000; its outstanding accounts and cash on hand are eald to be $1,000. and the work In course of completion amounts 4O at least $500. RAILROAD EARNINGS COLORADO * SOUTHERN* 190 K. 1907 If** ?g«fweSl £"jun;::: $2^l sf&ii ~m£m July 1 t<i .June 7 13,459.0ft0 601,717 10.820,133 PULfTH, 'SOUTH SHORE & ATLANTIC. I,',K „ June 7 2.5--X.-.MS S.OMillO 2>«..1.0 j,,W Ito June 7 2.£C*.24S 3,(h>4,110 2.530.1.0 GRAND TRUNK SYSTEM. * $ 6! ffi 'mtS Ui!y Ito June 7 SsTssloM *>.tI4J*J lft.r».oM HIDALGO & M»RTHKAPTKKN. inrnt <«Mk In June J17.277 $17, *** "l? 110 June 7 KilpU 928.UK INTEROCEAMC OF MEXICO. S^rt k A j r:::: «SS :«SS >«S LOUISVILLE & NASHVILLE. K.',"::M.V J r::::.S?:JS JBBS JSS MEXICAN INTERNATIONAL* vi., „..!, in Inn.- $177,270 $1M.81« $UT OTrt July Ito Juae' ....... 7..b«»:«» I.MU« CblO.iOO 135 Broadway NEW YORK CITY MINERAL. RANGE. Flrpt week in .rune. ... J15.590 B^SI f^S" July Ito June 7 753.154 . . 734.057 694.295. MISSOURI PACIFIC. First week In June... $KW."onO $7nO.O<v> ••».••" July Ito June 7 4P.641.R01 43.5G0.425 35>,«76,29. (Central Branch.) Number of mi »<•« 388 39S 3S« First week in Juno... $tf>.OOi> $2«.o<n» $30.i»>0 July Ito Jun» 7 1.425.416 Ijmjm 1.774.313 MINNKAPOLIS. ST. PAUL *• SAULT STE. MARIE. Number of miles 1.t>42 1.304 .. Irgg First week In June... $1«0.<v.:4 $27«.998 $2n«.3W> July Ito June 7 W.50Z834 11.876.214 10.715.^.9 NATIONAL OF MEXICO. First week in Jun»... $25«.3«$ $325 294 J273.546 July 1 to June 7 14.M5.M8 14.793.636 12.932.62S SOUTHERN. Number of miles 7,501 - 7.532 7.4-«s Flr«t week in June... $R4r.,117 $1.04«.3T>5 $iX»4.^2. July 1 to June 7 49.711.187 63.095.07!> M>,342.393 TOLEDO. ST. LOUIS & WESTERN. Month April — $245.» M $.W.SV» J335.773 Qnm paminge $245.<*4 $.W.Sr^> »jn Expenses and taxes.... 15t*.54l 203.500 239.< 1 Net earnings J37.453 $131.«*> *9« .W Other Income 8.757 1.-2- M> Total incom- $48,606 $133,112 $37,205 iS&&Sti^^*mm $a.^j Qnw> eandasa •bVMMK $3.4».732 $3W2.52« Expenses and tax»i>... 2.333.195 2.45&.56H ZM %Mt Net earnings 10 runs. C»47.ias ?97«.16« »SM.3*W Other Income 48.273 25.5«3 17.«2S Total Income ?5*5.413 $1.003.02i> $*T2.133 TOLEDO. PEORL\ * WESTERN. Grara'nralngsff.'..':'.'.'! «AM $11.%.3J>7 (94.293 Expenses T7.630 W.IBS StK>,34.'» May deflrlt ?2.3"3 •»22.20» •J4.JVSO Other Income SO) • — Net detirit SL9M *$22.20» «*4.960 Char?P3 23.730 24.0R4 15.457 May deficit $25,233 *1.«.". J1R.4.57 Eleven mos. grons 1.113.351 1,170.659 1.1»2.43* Expenses P33.6fti 922.570 058,513 Kleven months- net.. $17!>.«W $247,780 $235,925 Other Income 3X.24X ■ ■ Total income »217.! m $247. 7«» $235.fi2r» Charges 2H2.468 M6.H49 v 254.035 Eleven mo«. deficit... $44,535 $18.0f>7 $18,110 •Surplus. ROCK ISLAND SYSTEM. ROCK ISLAND. Month of April- Gross earnings $4 2>»l.. i W» $5,021,011 $3.«00.204 Expenses and taxes 3.465.794 3.875.4na 3.017.06H Net rarnintpi $815,575 $1,146,419 $752,23« .lulv I to April 30— ' C.r.,!.., earnings $50,531,554 $49.<Wf1.050 $43.1.V.7.-!» Expenses and taxes 8.5.0t>5.04« 34.471.413 3<>.613.34r> ] Net earnings 10 m05.512,22»?.508 $15.15M.»>46 $12,520,380 ST. I/OUIS 4- SAN FRANCISCO. (Inclmilnir Chicago & Eastern Illinois.) Month of April Gmfls earnlritcs f 3.075.399 $4..11*.«)« $8,147,837 Expenses and taxes 2.24S.S*»<> 8.030.330 2.3O4Jt»rt Net earningT" $«2S,M» f1.250.344 $543,441 I July 1 to April 80-— • Gross' earnings $40,340,243 $41 177 $3.1.444.737 Expenses and taxes... 2fi.27«. IRA 27.«X>,12« 23 752.2* > N't earnings 10 m 05 .511,064,063 $13,544,061 $11.« M.477 EVANSVILLE 4; TERRE HAUTE 'Including E\-ansviil« * Indianapolis.) Month of April - Gross earnings $159.50* $191. 852 $159 705 Expenses and taxes . 101. JUW 12J>,.1fift R. 1.391 Net earning $39,190 *m.7J>2 $H4.3T4 July 1 to April 30 — Grr»s earnings $1.«17fi42 $1.01«.<Y37 $1 M«.4«2 Expenses and taxes . . 1.250.201 1.2W.774 1.0N.753 Net e»rr.lni:s 10 mns. $625.74t $70t>.2«3 $514.650 TOTALS (ALL COMPANIES). Month of April- | Gross earnings... $7.Mrt.274 J!).52n,047 $7,107,747 I Expenses ana taxes ft.8H.030 7.041.391 5.417.754 Net earnings 1.702.24* $2.45?.538 $1.6?1>,933 | July 1 to April «O- - % ' Gross earnings $02,450,740 $»2.827.273 $SO.3fW Expenses and taxes iW.540.42S 63.379.313 55.3«5».301 Net earnings 10 mo 9. $23 812 $20,447,062 $25 .- ■<- School A^enneg. AMERICAN AND F«lKiri(i?r TEACHKKS' ACE>C» supplies Professors. Teachers. Tutors. Ooreracsse*. eta. to Colleges, School and Families Apply to Mrs M J TOUNO-FULTON 23 Union Square Proposals. I>HomsAi.s for rmnpoiNO. vvaii department. OOct of the CoMt.iicttni: Quartermaster. New Lon don. Conn.. June 1. U»H. — S»alo.l proposals for .tr».1«:ln« around wharf at Fort Tnimbull. onn.. to minimum d«-;.;h of 15 f«rt («ppro««m«t*ly 61*0 cubic I«<J«> „ «"l *» '» celved here until 11:30 A M.. Jur 5 15. 100*. »nd th'n <,ivm-.1 Information furnished or application. Envelopes containing proposals should b« endorsed " Proposal* tot I'redslnE" and addressed X M. SCHOFIELD. Major. Qr. Mr. - *• Excursion*. OundayExcursion y up the Hudson To West Point ft Newburgh Str. Homer Ramsdell :->'■ foot KRANKMV ST.. 9.00 A.M., ■W'KST 13J>TH ST., ».3O A.M. r.»tornln«.!M»-i.\KW HI HI. II U.IJU P.M.* WEST POINT 7.00 P.M. Round Trip, 80 Cents. DINNER SERVED ON BOARD. OR.4.VGE I.AKK PA UK. situated oa WMnl Orange Lake. <*• miles w«*t of »wborslj. fcas Jaat bees opened again for tile rammer. This P*ri baa all attract ioa* and amusements, and la connected with ?»»wtmr)«f> by trolley, wblck taak»s trip* avery 10 minute* — tons awarding «« euratoßlata th» additional plaa*ure of a troll»y ride tbroiigb a moat dellghtfal part of th* coun try. Excursion tickets from New York to <>raaga Lake Psrk. $1.10. Ticket* »>■!•! on steamer. JULY 4THI EXCURSIONS 1 ONE LOW rate COVERS ALL EXPENSES. Railroad and Steamer Far-. Hotel Board, etc. 1000 ISLANDS 4 Days. .. Only ... J18..V1 NIAGARA FALLS 3 " . ■ " >"••• ATLANTIC CITY 3 " " J9'** MONTREAL and LAKES. .1 " " *"' l>a VACATION TRIPS-JULY AND AUGUST Whit* Mountains, Montreal an! Lakes. Nora Scotia. Old South Country. Saguenay River, the Provinces. Ot Lakes and Yellowstone. Park. Free "Descriptive Itineraries/ trrttn T. H. HENDRICKSON TOURS • 313 Fnlton St.. Brooklyn. >'. V. CHARMING EXCURSIONS West Point, burgh and Poughkeepsle. Dally (except Sunday) M Palace Iron Day Lin* Steam ers. Leave B'klyn Fulton St. (by Ann»xt. *; I>»bn)i>»»* St.. »:4O; W. 42.1 St.. t». W. li3»i St.. • - (f A. M. Re turning on d""»n boai j ■;• 4?d St.. V3O P. M MORNING AND AFTERNOON CONCERTS. DELIGHTFUL AFTERNOON EXCURSION TO WEST POINT * STEAMER MARY POWELL. Leaving D»sbroMes St. 1.45. TV. 42-1 St. 200 W. 12T»tl» M. 2:20 P. M. Arriving West Point 5 F. M. Cholc* when buying ticket of return by any U"»st Sftor* or N. T. Central train, or Str. "Ramadan." $1.10. Ampl* time to se» Parade. Public Building*. *-. Orchestra. ThU Eirnrslon Made- Dally;. Except Sashay. POPULAR /afmSSh excursion Wsjjgy LAKE HOPATCONG TO-MORROW ROUND TRIP TICKETS I CHILDREN gU.OO I SO Ct«. LEAVE W. 23d ST. 8.50 LIBERTY ST. 9 A.M. Every Saturday Afternoon ami Sunday Morning II IL— Steamer "Orient" leaves Near lln TtlP F '" r 8 - ER - lnear Hanover ?'i UU UIU '-I. Sta.). Saturdays at I:<V>: ' . . 31st St.. E R. 20 P. M. Ret. Sound Jue N T " 27> r ■ OUUfIU SINDAYS. -r-/^ Steamer "Orient" leaves %'•■» I CJ Pier •*. E. R. 9:30; 31st. E. R. *i ■ j ft .".11 A M Rettirning leave iIPnU/nnn Glenwoo,! at 4.30 P. M. SIGIIIIUUU Kuur-lnn 50.-. Tlrket. STARIN'S EXCURSIONS STEAMBOATS A>'l> BARGES to all PLEASURE RESORTS on LONG INLAND .«OIM> and HUDSON RIVER. Magnificent Saloon Steamers "Glen"' an.l "Richmond." each 1.200 capacity. "Sea Gull." 500 capacity. Barges of all stzes. Sunday Schools a Specialty. OFFICES: CORTLANDT ST PIERS, N. T. 'Phone. 12SS Cortlandt. EXCURSION TO NEW HAVEN On Sundays superb steamer RICHARD PECK leaves Pier 28, East River, 8.30 A. M. . font East 22J St.. 10.UO A. M-: due New Haven 2.3U P. M. Return, due New Tom 8.45 P. M. Two Hour? in New Haven. Musi.-. Restau rant. Lunch Counter. Tickets. *!"♦>; eiJtl.treny "• cents. RED BANK LINE, Leaves Franklin St. Pier 24. N. R.. dally. » A. M.. 3 P.M.: Sundays, 9 A. M. only for Highlands. Red Bank, etc: Exc. 6Oc. Trolley to Long Brauch. Asbury Park. Instruction. For Both Scxes—Clty. THE BERLITZ SCHOOL CF LAXGCAGKa Jladisaa Square (1122 Broadway.* Har!em Branch. 343 Lenox Aye.. near 127t1» 3C Brooklyn " 73 Court St BUMMER SCHOOL AT A3BCRT PARK. S. 3. Teachers sent to all places wliUa hundred miles. RYE SEMINARY For *?££ * Mrs. S. J. LIFE. The Misses STOWE. Rye. New Tor*. For Boys and Youn?r Men— Country. II ADI CaVnfin - A successful school near Fhf*. mArLCIf UUU Wakes ur> Boys to duties of :;'». Prepares 40 Boys for college or business. 47th year Fin» large gym- Deft- for Little Boys. Manual training, Pleasant summer home, tutoring optional. J. SHORT LIDGE. A M.. Tale. Prin.. Concordville. Pa.. Box 97. The Ea.st Greenwich Academy Ka«t r.rrenwicb. R. 1.. Founded in t*oi. CaftMeaaa admits to college. General course. Strong faculty. Nevr srymnaj>ium and dormitories. Basket hall, bowling alleys, tennis and all sports. Separate d-partment for young boys. Foundation permits the low raf» of $.'v.V> New ca.talogu«. Address Tharle* Alford Stenbon.**. M. A.. ri lai Ipal. For Young Ladles— Country. • O.NNECTI'T'T. r.ak°- Ml The Taconic School for Girls Near hea'itif'.il :ak-> in IBM BlSrßssMra Ht .» HM r.ir.lAN* DDCOK, .x B rWattasta* airi Br\-a Ma»n >fIS.-< mnU BAILEY. B. I ■ W«!le»l«.3r>. THE FRANCES OILMAN SCHOOL. FOR GIRI^.— ± enrtra year. 49 Lake St.. White Plains. Proposals. 1 PROPOSALS FOR STEEL, IRON. CULVERT PTPB. . Condenser Tubes, Dredge. Dipper. St> -1 Balls. Ansrla Bars. Tie Plates. . Track Bolts and Spikes. Frogs. Switches. Switch Stand*. Nut Locks. Machine and Key Bolts. Nut*. Rivets. Hasps and Staples. Spring Cotters, Tacks. Wrought Wash««» Wir» anJ Rubber sik»vc«, }{■■<•>. Motor Car. EW-trir Motors, Surrey. Delivery Wagon. Harness. St<-el Trolleys. Pump Governors. Sti-ara Gaugres. Oil Cans Melting t.adi^s. Rail Saws. Picks. Forges. Lath« <"huck. Tinner's Shears. Chisels. Carpenter's rlaaapa. Fid*. Platform tie*. Hinges. Shower Heads. Electrical Material. Wlr». Kricrinn Tape^. Belt Lacing. Leather. Cotton Duck. Twine, - rubbtna; Brushes. Window Shades. Bread Cutters. Sra-Cr>al Fac ing. Boiler Compound, Sal Ammonia.-. I.ye. Flour. Fir* Brick. Cross-Ties, etc Sealed proposals will be receirert at the office of Ihe General Purchasing Officer. Isth mian Canal Commission, Washington. D. <\. until IteSQ a. m. July 8, 19SS, at whirl) time '■>•■. will be .->per»<l In publl<\ for furnis — ( the above-mentioned articles. Blanks and general Information relating to this Circular iN« 4»si may b<» obtained from this office or th« offices of the Assistant Purchasing Agents. 24 St;if* Street. New T-^rk City; Cttstcna-HoMa. New Orleans. 1.a.: also from the •■ S. Engineer • •<•'.*- In 'he follow- Ing cities: Baltimore, Md . : Philadelphia. Pa.: Pitts burg. Pa.; Boston. Mass.: Buffalo. N. y. ; Cleve!an I. Ohio- •■tncinnatt. Ohio; Chic-ago. It): St. Louis, M > : Detroit. Mich : Milwaukee. Wis : Si Paul. Minn.; Chat tau.^ga. Term. ; Loulsvtn*. !\> . and Mobil*, Ala. — • H. F. HODGES. Ltar) Co!.. Corps of Engineers. V. 3 A. General I'urchasing OflsMt PK. >!•..- \! S ILL KB RF.iEIVEP AT TIIK BUREAIT of Supplies .•• I A>-''r>nnt.«. Navy Department. Wa»h- Incton D. «*.. until I' l t»"«-Iock a. m.. June ?.;. l»»s. antt PUbll'-lV opened imm».llatc!v therea for the- r». moral of sunken vessels from Sactetta Harbor. N. Y." AppHcatlons for proposal* should refer t.> Schedule 13Arf Blink proposals wilt b« furnished upon applica tion'to the navy pay office. N«w v .rfc vT,or to th^ Bureau. T. H. ROGER?, raymaster-r.enerat V -= S. •-C V TIROPOSALS FOR CLOTHING ANL> EQUIPAGE.— X r>epot Quartermaster' ■ OtTtce. 3s» Whitehall St.. N'«w York City. May 23. 19t^ Sealed proposals. In triplicate. 11l b« received here ur.tl; 1 o'clock P. it.. June 15. 190$. and then ■(•■:.• for furnishing khaki and white duck, facing cloth, pimp. braiJ. dre.ss. khaKl and elivw drjl> raps »er%l'" hats, waist N?;i«. collars, muntlets. gloves drawers, undershirts, stocking". leicslcs. suspenders, ronchos. overnhoes, buttons, thiead. b.-ds. bedding. cot% chairs axes, hatchets, broom*, brushes, flags, tentag*. mos<] uito bars, bush trumpets, and other articles of olothlm? an.i e<julpan«. Standard samples can be seen anj, specirtcatlons. blacks for prop»sa!s act) full i;-.fjrmj»tlo!» will be fiiim.«he.l upon »ppticatton at this office. C«loa«| %VM. S. PATTEN. Depot Q. M. T»norO3Al^ FOR OONSTRt'CTIO.V or QCARTETH JL FOR TWO NON-COMMISSiONBI» OFFICERS: Wa P l»*partm*nt. Oinre of th« Constructing (j>i»rt»ri«ajtM, N*w London. Conn.. May 23. '• - — s.-, :.-,'. proposals for the construction of one bulMtnic. nciudiaa; plumbing. heating, electric wiring, ttc, quartern for two nm-mm nil»-ii.'n-,l oftWra. at »• >rt 11. U. Wrisht. N. \.. win (>•> received hern until 11 08 A. M.. Jun« l.'». 1;»*. and then opened. Information furnisher on apiilication. Envelop** contalnlntr propo»al» ahouM b» endorsed. I 'Prop> s.il» for Public itutldtnKS." and advjrwsed K. McA. SJCHOMELJJw Major. (Jr. Mr. 13