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New-York Tribune from New York, New York • 11

Publication:
New-York Tribunei
Location:
New York, New York
Issue Date:
Page:
11
Extracted Article Text (OCR)

EAILROA3 EARNINGS. nr.THOIT INK.KD 1'i i7 Fl'M in 3 14.273 liO2.oaA Ja.n. i te 7 1.T74.4M l.sWI.S*l 3CTIUL OF KtSW JERSEY. JJonth ftf April Crcf. f2.SSS.Oi» 1,244,379 I.Olfi.snt I.SM.Sa| esmirtr? 1385.2 $041,172 rd "S.TM W.65S HQS R33.184 1557.33S Jiiiv 1 April Gtw 'aminc 125.TM.5113 120.0n.Wt7 Its.Sfliii:".'.

Ojieratire' 11.n.17.272 10.887.408 esrr.ir«« i-i Rer.e-. i i Hone and I.St«.fPJS 1.411.473 Bamn-e Chen and 8.471.850 4 rtM.Sfli Purrlus 52, 768,841 missoitri nf larrh 1.402 6.27W GrsK f4.i:7.20-' $3,760,821 i Opentlnx expense! raminirs ii.4SS.IW) 11.130.478 "inly 1 10 Marrh 31 $38,593.61 OperstilUf 24.4«.'...V.2 22.RT.7.W4 22.441.7 mos.SII.«S4S.O«I TOUF.OO RAIL.WATB UCIIT. April r.t\*r*** and w.ini 79.1 J7'J 77.1 M.SB 2 42.213 11 W8.241 1 T. 7. and S2S.AW I asntdsss 43 bms.

J276.13« 5277 Charpes .71 iT'M4O Furplus f1iJ1.422 IUO.SM f107.777 WKfTESX rf Btpewei. an-1 87.1. 1A2 247. Baitriass a Otber tnrome. coal, fU.41»7 7" earoinca $200,179 July 3 to Man'li 15.4U.140 247 nxa 2.7«7.1M»J 1.7!»0.5Vi J1.257.35S income, coal, 63.V1J»7 BIS.

earninps snoa. 11.747.5 $1,760,979 $1. 373,002 HTJTJOON VAUI.KY. Ouarter March Si OtvU can $107. 103.602 TJ.KI 23.24.'.

income 1 2.084 S.MD Total ii Charts fo.OCO 0.4.17* 63.171 "ivfirit r.t.MtRA MKE OXTARIO. Railway, leasM I January i 10 Mai hSI G- (t 4A4 exponseF. 501.32» $23,441 $11,570 income 1.811 172 Twil )t2j 570 O-f I' 7 DeCeit $70,120 CUmU WILUAMEPORT. rthem Central Railway. lessee 1 1 mj Msrsk eanii'it? Operaiintr 357.41 325.732 306,4311 eamincs JSO.om J1.427 IS.SM 4.347 SB.ISS Deficit IUjCM IS9.SBS MARTLAND Strath of Arri! imt $2 O2 SO.SSn In- Vt! earr.lrss Inc.

$2.27.1 e.flss inc. IM Fnrpi'jr $4,613 Inc $2.12.1 1 irt April Grm? esrntnps $237 I 77? JE4.I4T Eipenf-s inrs.4"* 1.444 $101 f1i13.R41 $2,703 7C.042 74.83.1 Inc. 1.709 mm Dee. $4,412 Interest en Income bonds. CHICAGO STOCKS.

PH. BM. AakM. i Booth 87 Met WS XI pf-- io pref. 107 100 National Biscuit.

78 i dn prcf 113 r- Kattonal rarbon. 72 7.li Oo 11" Phip 74 Sm rhlo Pt ''as Xl -4 CSSB r.3 r.n r.s CWc City ISS tkei Oats I6R 17" CMi-ago 1014 CUe F.I. Ti 4 IFouth 13 JS erji' 1.. Ifi CM? CHe.Tttl* rr.1l«» l'ploTl IM.V-; Wn Box 2 2'i piff lOij 11 Br i 15 16 TVi rhlc .120 123 sr. LIE El Tool so fi XV fhle Con 55..

71 Sortfcw El PHILADELPHIA STOCKS. by Barns No. 25 York, ard No. 122 utli Itb MraeC, P'fl. BM.

r-A 42 42H Rv 4ft 44 ar.s, nS', Tr .1. 7" rvnn SI Ft rr, v. ion T' Am. 10 Thl'a. Co 12 13 I SS T.

Phtla Tr 23 21 Bat £. Hv-01. 'i Cn A. 21H Pinr.K^j^s 15 20 Corjv. 7r7 'i 1--' ar.

vp. iT'nfon Kiurn fmn Val 4 Co 25 SD i m) St.lfli I'MSThila I'm An 3 i riiiia Co iw; as BANK OF ENGLAND WEEKLY RETURN. Lendon. Msy 9 The weefefr return tht rnclsr.d shows the following chat Total ctrralatlOfl bullion inerensea other irltlea lncreg iiier posits doTeaoM public deposits f1.111.010. noten Jn reserve 028.006; covernment securities Dnchaitawd.

proportion of the l.ank's reserve to liabilities 46.XT. per r-nt. cent last and srtth nn ndvanre from si-, per to in this xvf'k year. of Is 4 r-enl. TRADE IN CHICAGO.

JPv Tillisiw sfeatA May -rtaln. thMsjti of maeti nfihi West. hai price of th. which suffered to-day e.f frnm f-ir. orn snfferefl dually with when) hut oats lost only a trifle for rta v.

Trovision, ro infer st tPfc ns compared with $1 the gainst $1 vlrMy tM th fa ZZLJZ In receivers Mill ar hence were waa 174 cats HwnorroWa lo.ml The firs: remiy Bniw ous Hie KO started peonle 1 .1 Mon ln lot, of iJrf't -losing BIG- LOAN FOR CENTRAL Company to It Is Said, $.10,000,000 Short Time Notes. Tn banking rlrcles closely ldentlfi-d with New York It was understood the company coon be In the market for amount of money, the flnandnc to take the form of equipment bonda or short terra notes to the extent of f10.000.00f1. The question of Issuing stock has not been considered, owing to the present condition of the market, but the possibility of raising funds on notes has been brought 10 the attention of prominent bankers, who have assured the company that tbera will be no difficulty In raisins a amount of money if the company is willing to pay a good prica for tho accommodation. The credit of the road i.s Found and bankers believe that the exten sion plans of the property v.iil be. carried out with despatch and that the condition of the money market will not interfere it the placing of a loan to the nmnimt named.

Wall Street was tilled with rumors yesterday re. the New York Central, and the sharp Ine in tin of tiie stock. the, quotation going lo thelowesi point trded In the last nine years! caused apprehension over the dividend maintained at tlio Spe cent rate, It is understood hal directors have hnd under advisement the question nf reducing the but according to tlm Information obtainable there will no In th. July payment from the level established ist January. the rumors definite enough nid current in Kumctently trustworthy circles to bfi worth conslrtflng Ih that there is a serious difference of policy In the councils of New York Central.

It Is Known the element least In touch with Wall Street did not wiinr an Increase in the dividend rate. Imt was overruled, and it is the operating end of me company is not in sympathy with the financial It also said that th Standard Oil Interests In the property are. entirely out of ion with 11 i.tKher operating tho road, while the point Is by interests connected with property In nn active capacity that nttempts to run the road from Wall Btreet seriously Interfering with its physical efflciencj Altogether, n.v, York Central lines havo disposed of In short term obligations the beginning of the year. It is said the system's maximum needs for if all the desired Improvements were Immediately begun and executed as rapidly as possible, would lie in the neighborhoo i of $100,000,000. it Is asserted In well Informed quartern that W.

K. Vanderblit still exercises the dominating control In Now York Central, but this apparently does not discourage bear operations against the stock. CENTRAL FOR SMALLER PAYROLL. Improvement Expense to Cause Wholesale Discharge of Employes. The expense which the New York Central Railroad has undergone In enlarging the.

Grand Central Station and electrifying ita suburban lines caused an all around curtailment of outlay, tiie first rtep being the order of A. H. Smith, vice-president and general manager, for a reduction trie salary payroll, which will result In the discharge of from four to five thousand men. An officer of the. company said last night that another reason for the.

economy was the tightness of the money market, which had prevented the company from drawing on it at present for the capital to finance other Improvements. "Every spring for the last fifteen years." snid the. offleer. "part of the force In the repair and construction departments has been cut down, owing to the railing off In freight traffic In the summer. Tills year the number discharged will be larger than usual, bat the cvt 1 will be confined almost entirely to these two departments.

"While we could use a couple hundred millions nt Rent, we can't get It, and we do not wish to take the money provided for Improvemei ta now g'Mi'g forward. The discharging of men will begin probably in about ten days." READING ADVANCES SUBURBAN FARES Ro3d Denies. However. That Increase is Retaliation for Pennsylvania Two-Cent Law. Philadelphia, May The Philadelphia ft Heading Railway Company to-day announced an increase In fare on its suburban lines out of this city, In some Instances as high as 40 per cent.

During the passage through the Legislature of the two-cent fare bill, which lias becomo a law. the railroads nf the state threatened to In reaae their suburban rates. The Increase announced by the Reading to-day, it was reported, was the direct result of the two-cent fare legislation, but this was denied hy the Reading who declare tho Incrcnse was merely readjustment of rates to create a uniform Bystem. ECHO OF HASTSFIELD CLAIM. Prime Kover in Effort to Get New York Tract Convicted of Fraud.

Dalias. Texas, May 23. Bffort to obtain title to a tract of land in the heart of Xew York City, known aa the Hartsfteld claim, culminated to-day in the mvlction of Joseph T. Cowan, Dalian, prime mover In the matter, for fraudulent im -if the malla. Six counts in the indictment allege that lie used the mails to collect money from rioua people in Btatea, supposed to be lir-lrs of the Hartsfteld the pretension that clique of capitalists in Now had offered him for his papers and and that only Bucti heirs as contributed would be recognized hi the settlement of the claim, FREIGHT RATES ON PETROLEUM.

Standard Oil Tank Car System Attacked Before Interstate Commerce Commission. ihington. May 23. TnvV- cai and t.ink wagon instituted by the Standard oil Company. attacked to-day In the hearing before the Interstate Commerce Commission regarding the freight rates on petroleum and products ir.

the uf Central Freight Association. Dresidwnt of -the 11,11, of Cleveland, the complainant In case, testified that v.h»n the Standard Com pany Its tank car and systems t'i" rates on oil Independent shippers were Increased by the railroads He declared the In discrimination against the tininpendent shlppefli In favor of the Standard Oil Comps ny On ross examination, Mr. Wall admitted that the buslncsfl would not warrant the establishment of two tank car and wagon xystems, and he snid that If the Independent refiners got any busl it must I through barrel shipments. Mr. Wilson, for defendants.

Instituted a line, of Inquiry which tended to show that the independent oil producer 11 were despite complslnts they bad made of excessive and discrlmlnat ing freight Mr. Wall maintained that the, Independents not making the money In their business that the-, ought to make in normal freight W. president Of the Company, Cleveland, snid that the. freight rates on less than car lots of oil had been Increased In the few Indicating that this tesult 1 up due to the Infliiei of the Standard oil Comlui'iy on the railroads. nr Bolts of the Katlonal Petroleum intloii presented number of tsbles which net otil th" rate- charged In various of the country In this connection be said that 90 per cent of fifth if npi'llerl to oil, would have effect of bringing about uniformity of rates In territory- The wilne-s made, the Renernl point that the rates on carload and than carload lots had been growine wider apart for twenty years: that while the carload rate had lowered, the than carload had remained about stationary.

He admitted that there was no discrimination in tavor tha Htnndnrd Oil as the (i rates ojiions shlDDers were the same, but be felt hat the on than carload lots of oil general ly In r.V te'rUorv were too high. Injlflted that If thov were lowered It would enable the in- Oil producers to compete more icily with the Standard people and thua be of Benerarbenefit to the people. HEAR N. Y. CENTRAL CASE NEXT MONTH.

Rochester May The bearing In the case of the federal government against the New York Central Railroad haa been In the federal court here for 10. The is considered Important and arises over shipment of petroleum and the producti of petroteuni from Rochester to Norwood as part of shipment made by the Vacuum CMI Company to the Standard Oil Company, from to Burlington. Vt. Qther railroads Inipltcated In matter of this shipment nald tn Im- and the Central Vermont RuUand. Tlie fipecifle In the are that the nnlpnuvit wan made under of r.itHt» commerce nml that the New York company neglected to ni.

Its the sthlptnent with Interstate Cpmrrierce, intimation Is uiven tliat Urn comiany cliarged leas than reeulac XEW-YORK DAILY TRTRUNE. FRTDAT. MXt 24. 19G7. ISLAND BOND SALE Co.

Take D. Securities Also Placed. The Rock Island Pacific. it was announced yesterday afternoon, has sold to Speyer at price not made public, 510.000.0 of its first and refunding mortgage 4 per cent gold bonds maturing on April 1, 1984. The total authorised amount of these bonds of which M2.OM is outstanding.

Th i pn ceeds of the $10,000,000 bonds just Bold will 'c used to pay off this t7.500.000 three year collateral trust notes maturing on July 1 of this year and to meet (he cost of certain betterments. Tim bonds are legal investment for savings banks in New York State, and hava been by the Secretary of Treasury as secur for deposit of custom 1 receipts. In addition to the t7.900.000 three year notes due on July 1. tlio Chicago; Rock Island Paclfto has outstanding V.0u0.000 of two year 4' 2 per cent notea In April. 1908.

which Becured by deposit of Hock Island. Arkans.is f- Lruisiana riie M0.000.0n0 of Delaware X- Hidson equipment bonds which v.ers authorised by the. board managers rew dnys ago have been Bold to Knhn, L.oeb Co. and tho First National Bank. rhese bonds are to run for years, to bear 4i per cent Interest, to be secured by first charge on crjulr-ment.

valued at Sll.nno.uoO and to have -i Blnklijg fund of 1660.000 a year. The, bonds are being offered to the public at. nnd interest, netting the purchaser 5 per cent. -I. Morgan A declined to rmke any statement regarding a report that they hail from the Brie Railroad Company an additional K.000.f100 one year rotes.

The K.rio last month Sold ift.SiMi.oOU one year notes, discounted In advance, for retiring p. 000.000 of notes maturing on April and for tak- Int: up nhout 12.000.000 of nbllgatlons falling due on or before July I. It was said at that tlnw that the company would probably about 15.000.000 more notes soon. a.trXOK ATTACKS ROADS. Justice Speaks of Rate Abuses at Kansas Citji Dinner.

Kansas City, May Justice. Oaynor. of York, addressed the Knifo nnd Fork tiii-; evening at its monthly dinner. Oaynor ppoke on frricht rate abuses and said that the actual payment of rebates Is now seldom made favoritism Is still practised In many ways. said In part: There Is no prejudice In this country against honestly acquired wealth, however large.

It in wealth hcriulred infamously which li under ban of the splendid Intelligence nnn integrity of the, people of this If certain individuals In fliort lifetime become possessed of so much property that they can mak.t abnormal Klfts to charity; if one man can give away, for instance, the. vast sum of 132.000,000 In one gift without feel- Ing it any more than you would miss we make a fatal mistake If we ascribe such condition to prosperity, if we find tho railroads being used to allow a few to acquire such fortunes at the expense, of their fellow men by having their freights carried at rate lower than others have to pay. so that they me a bio create monopolies tn themselves, our condition Is not oun of prosperity, but It is dangerous to the perpetuity of our free government. Tn lift) 1 went rough tlie oil regions of Pennsylvania and paw wilderness of derricks spiead out over the country over engines pumping oil from wells. Hundreds of people owned such wells and produ.tng oil.

Five years Liter nil these had passed Into the control of one man or set of men. All the othei producers had failed and joined those unfortunates who fall bj the In the struggle for existence. And why and how? Because this one mnn and his few companions went to the few powerful Individuals who controlled the nnd nspired with them and got them to carry their oil to market for. say. $1 barrel, while every one else was charged nnd more barrel.

Of course, this favoritism In freight enabled them to undersell by that much nnd destro; all their rivals Tlilf sanw thing has been done In sll our principal products. And let no one be under the deluslon that it Is to cease. You can't stop evil by merrly passing a law againnt It Every week even new case nf this ratlroad fa voritism anil discrimination Rome have to the conclusion that the governn should tflke the railroad! iind run them In order to end the nbnse. For my part, I would not see the government do It. Private enterprise is too valuable to be limlnated fi om railroad, building nnd innnneement If It can be avoided My view Is that If Is only necessary for the government to nppolnt the.

general freight agent of everj railroad, for h- stop nil rate favoritism at nee it would not be for his office to fiv the schedule of rntes. but only to that one paid lha schedule rate, no more and no less. Other speakers Charles 11. Treat. Treasurer of the United and Colonel J.

K. Brady, of Chicagi formerly of the 1 ntted States Slpnnl Corps. TREAT ON THE ALDRICH IAW. United States Treasurer Tells Missouri Bankers Eeforms Are Still Needed. Kansli City.

Mo. May Charles Trenf. Treasurer of the Cnited Plates, addressed the Rankers' Association at Ita annual convention, this morning on "Some Comments on thn Aldrich Mr. unld the Inw was of mv benefit, but that banking refoi still renmlncd to be made. He the national banking system met the.

of (lie country is a whole better than any other system tn existence, and favored a mrxilflcation of rather than sn attempt to Introduce nny revolutionary scheme, as credit currency. Treat sakl believed that the bnnks xhonld be allowed to Issue SO per of their circulating notes on the basia of other thnn I'nlted States bonds with the Secretary of the Treasury, such notes to if retired in four, slgc and eight months from Sep. tember 1 or each year. This plan would. he said.

provide the expansion of circulation that Is needed every fall to move crops Referring to Secretarj Oortelyou's action In depositing government money in the banks last March, the Ananclal situation reached an acute stage, Hi Treat This Htatesmanlike comprehension, this broad understanding of fundam ntaJ as well aa tha practical operations of national and finance, at orire secured for him the confidence of bankers throughout the, world tilhute that has probably not been bestowed upon any other new Secretary if Mr. Treat thai no Secretary of the Treasury had been quicker to nvnll himself of all the benefits or new legislation and put them promptly Into ac tion than Mr. Cortelyou. PRUSSIAN CROP REPORT GIOOMT. Little Effeot on Market, However.

Because of Bains Since Date It Covers. Berlin, May The official Prussian crop report Showing conditions on May was Issued to-day. It shows a slight Improvement In wheat April IS, while rye Is' somewhnt worse. The report heaviest freezing OUt of winter wheat since 1901, 31 per cent of the acreage having been reploughed and sown, In some of the provinces nearly entire fnll sowing has been out. in the Hildosheiin district the proportion being f-i.

nnd In Magdeburg district 91 per cent. The report says the hopes entertained that spring weather would recuperate damaged crops In eastern provinces have nol been realised Th" condition of the winter rye is described us belnp unsatisfactory in most sections, the. f-evere weather In April having prevented the, favorable development of the plants. The publication of the report had slight effert on market, because abundant rains nnd warmer weather of the last few days are assumed tn have benefited the rops. In iJum.iiila.

Bulgaria nnd the Panube, districts the, condition of the crops Is unchanged. BIG DEPOSITS IN ASTOR TRUST. Astor Trust Company, which opened its for business at nnd Fifth avenue on March IS. already stands third In the IM In point deposits of th" uptown trust companies, Ita now reacMfg over 0,000,000 The directorate of company, which took over the Astnr National Bank, many well known bankers and tner GAS COMPANY WANTS MORE CAPITAL. Albany, May The Nassau and Suffolk Light Company, of Hempstead, Nassau County, made application to-day tho State Commission of Oas and Electricity for consent to increase Its' capital stock from $300,000 to H.C00.000.

The company supplies gas In Hempstead, Kreeport, Knckvllle Centre hiul it.ild vins. The proposed In is for extensions and Improvements In connectlon contracts atreadj obtained for the street lighting In Hempstead. PRICE OF WHISKEY GOES UP. CtaettmsU. Mej 23.

flint advaacs tn whiskey li, was ima.l" li'iv today. The two cents, frein to 31 a saUoa. high of Is clven as the causa for the TUXNEL CO. INSOLVENT. Receiver Appointed for Corporation Building Tube.

The New York Tunnel Company, which had the contract for ron struct the tunnel from the, Battery to Joralemon street. Brooklyn, the East River, was placed In the hands of receives yesterday bj Judge Holt, of the United States Circuit Court. Tileston a lawyer. of No. 43 Cedar reef, was appointed receiver nnd lie took Immediate charge of company's affairs.

Including Itrooklyn property. ll" filed bonds for $23,000 in both Manhattan and Brooklyn. The work of constructing the tunnel. It was announced, would ko on under the direction of the. receiver.

The New York of which David T'- Is president, was capitalised at Tim company began business favorable conditions, lnit met With some unforeseen difficulties, not the least of which were forty-six negligent accident suits, amounting to a large, sum. Tnder the circumstaneea it was Impossible to Interest new capital. For some time tho company had been carried by rnterborougri Railway Interests. According Phllbin, Beekman A Menken, counsel for tho petitioners, tiio rompany'a Ilnfiilitles are about company did not the petition for a receiver. Holt in nppointinc the receiver htm permission continue the business for twenty days.

it is regarded as probable that the contract held by the company will taken over by Rapid Transit Subway Construction Company. In any osfp the work on the tunnel will not be Interrupted and is likely to q.i forward with RreatT activity. The contract was for peti tinning creditors were Andrew Bnird, fI.SM; Willlam Clarke, and H. Smith. $171.

The company gave out a statement which said: The action tnken hy the Xew York Tunnel Company in Its Insolvency Is for the of its creditors generally. rhe New York Tunnel Company's lark of funds Is duo to their heavy expenditures In the exceijtinn of work additional to the contract, for which they have not yet received payment. Wliili- ultimate payments for work done to 1.0 assured, these prospects continent assets only and not at present available. Therefore, pending mich adjustment. In fairness to thn creditors, their interests are protected.

ERIE TO RESUME WORK. Building of New Line Across Orange County Again Ordered. to Middletown. N. Orders were received at Otisvilte to-day for the.

contractors to recommence work on the Krie. Jersey Railroad, being constructed between Xewburer Junction and Ouymard. This work involves an outlay of over $12,000,000, including: the, bulld- Ing of the mile ions: tunnel at Otisvllle. The work was abandoned 6n April 1, nnd the. contractors ordered to remove their machinery.

The new road is to he forty miles lone. About had spent when work was suspended and about ft thousand men were employed. The- news that work Is to be. resumed causes satisfaction throughout Orange County. VALUE OF COTTONSEED OIL.

John M. Carson Says It Is Equal in Purity and Healthfulness to Olive Oil. Norfolk. May The feature, of the morning session of the Interstate Cotton Peed Crushers' Association in eleventh annual convention at the Jatnesfown exposition, was an address by John M. Carson, chief of the bureau manufactures of Department of Comnierce and Labor.

Ills gabjeci was "Foreign Trade." He said. In part: If it were more generally known 'n the Ptaten that best cottonseed oil Is crjual In purity and hcnlthfultiess to oil, for cotton oil at home would expand to a that would seriously interfere- with of manufacturers of oil in France, Italy nnd Spain who Hnd cotton oil so profitable In th conduct of eir business. Our manufacturers of cottonseed oil Ight profltabl efforts to brlnginc their product to the ntn tent ion of the American people, ir our own peopl" were ma'!" familiar with the real qualitti of cottonseed oil, very milch of the olive oil now Imported would be permanently displaced, nnd very much -if the- animal fats now so extensively used in the preparation food would expelled from American Utchena. WHEAT PRICES FALL BACK. Loss of from 2 to 2 1-4 Cents Follows Rain in Grain Districts.

Ueports nt heavy rain in Nebraska and Kansas enured tlon In the local wheat pit yesterday, and at the clone prices showed a net loss of 2c to from the preceding day. Th" marki i opened active and lower, followed by brisk rally, due to comparatively strong particularly Liverpool, which showed a pronounced advance on the rian official A reactlon set in shortly after, however, and broke In a rather sensational way. It was evident that holders had become anxious to unload. The demand showed a material diminution, while the offerings were, much larger. There frequent and spasmodic fluctuations during the rest Qf tho session, but bearish news predominated, and prices were for the.

mosi part from a half to one cent under Wednesday night's close, and an attempt to realize near the, end of the day broke prices siill further. Amcng the i-onservatlve element opinion prevailed that after the phenomenal rlso of tho last ten ibivs an Important "natural reaction" to be expected In case of more- seasonable weather, it ii assumed runny r-rtat warm and copious rains in tho Southwest will make great Improvement In fields that have recently appeared to be almost worthless. Many shrewd traders believe that while wheat Is not particularly dear. In view of tho shortage here and in Europe, the upturn" haa been entirely too to be maintained without a setback. The closing 1 rices "futures" xvcfo as follows July.

September, SIW, nrni December, $1 B. F. YOAKUM'S VIEWS ON CROPS. F. Tnskuin.

rhalrnian at hoani ot tho nriok Tklbikl Compan) and nf tiio ponunlttM ef Paellta Railway Company, New York nft.r an extended Inspection rompany'a it aaM thnt wan biifv ti mm Jvnt he left Mr Yoakum statasaaal rtgardlnc rron ccndltlnnn in the Bouthweat, In which 1 that. whIU wheat show a falling off of from I'a to per rotnpared wttb year. thH loss niorf. thnn made by other ami that ba ralln ads would hnve all bustntsi 1..11111 hnndle. aaM atso boaUICM eondtttona fv-rnUy In BouthWWt good and that niw no jilbim of a ASSISTANT TO HEAD OF D.

A H. T' was aiinotinctd yestordny by the Mnwaro Hadson Pornpany that V. h. formerly eoiwctx) with Pannaylvaiite and Mnltitiinrn A- Ohio rallroadt, hnj heen sppotntad BS who recently tlw DavM Wlllcos nn of th'i Tlie ndlrc Is a one on the Dslawara Hudmin. Mr.

nrtlllama rntared on hta new diitlas last Wednesday, anj will dmUm bla In He Is native of and a. known rullroHd man. nrl tn mnn to COtDC to IVlan in. x. HU'ltnn within time.

It la thought prohabU that Mr. to Buropa till" HUnunT Mr. WllMnmti will the head of the road The new appointment n. revival the rumon tliat there me oilier rhancM amorg ths Pelaware Hudson ottk-tnta. INDEPENDENTS SUE STANDARD OIL.

Ft. Mi i TbrM oil rrnipanles. tho Cornptaiiter, llm the PMrasylvanta CMI romraar. 1 wiiii Bserstsry of agaiaal the Oil Compaar, of Illnton antltrunt law In that oil a's in the than In enuntr: tiwna roinpialnt ti to the r.wifinl. STEVENS RUMOR DENIED.

It In Ic.irnM from SOWIWS that tIM M. thnt the of NorttMra Pacific Railway has offered F. until rccentlv chief of the f'anal conirnlial'on, ts without foundation. Mr at jires- SBl engngefj in the task of making a valuation property the New York, ttwm Haven it Hartford Kailroad Company. Trust Companies.

Travelers' Letters of Credit Payable throughout the World The Farmers' Loan and Trust Company, Nos. 16, 18, 20 22 William Street Branch Office, 475 Fifth Avenue, New York, LOBTDOIT: PABISi 18 Bishopsgate Witbia 78 Ene da RirheUan Bills of Exchange, Cheques and Cable Transfers. Bank Statements, THE CITIZENS CENTRAL NATIONAL BANK 320 Broadway, New York City (Condensed statement close of business May 20th. 1PO7) T.I.ABn.IXIFJt. HHB Time I.oon* and nUrounta 13 Capital United 1.D70.75000 BonrlD.

Securities, etc 1,191.86824 I milrtdrd Froflti 5.001 SI Dun from IS 1.045,99107 Demand 2.097,196 81 Circulation 1.731.MT and Kichangrs 7.2D3.47? Bonds Borrowed SM.Mt) J5.020.7775* Pepoelts t4.9M.W4M Total $30.883.193 Dl Total 91 EDWIN S. SCIIEKCK, President FRAXCfS M- BACOX, ALBIOX K. CRAPMAX, Cashier JI-SSK M. SMITH, Asst. Cash.

JAMES McALLISTER, Casb. Accounts invited from merchants, manufacturers and others, who desire So establish permanent relations with a bank offering efficient service, courteous treatment and ample resources. Report of the CXMsiHIOB of the fiARFIEI.n NATION.M, B.VNK, at Tork. tn iM Ftate of Tork. at the, rt btisiness May JO.

1907: RESOURCES. Loans and ateroonts Orerdrarra. 2.781 i IT. 8. to secure circulation jii.rtnonfi Bonds.

etc 1.253.278 Other real eatal owned lft.l.2W> S3 fr- rsMonal ui-r 1.111. from banks bank em. 47.. 71 Pporlnl ruf.i transfer arronnl 3.l«f> 24 nn.l orlier f-ash Itoms 132.fcJM4 Kx'hang-s for itearins House of national Vrartlonal rurrency, and cents. 10,824 74 money in Nink.

viz. 1.. ajal tenJ-r 1.747.704 20 fand p. i 5 per rent, of circulation) Dim from IT. B.

other than 5 re.leniptlon fund Total $107250.395 28 I.TA-T^II-TTTTCa 'apttal stork raH In no plus mm) l.Oty>.«ii>no I'ndlvMed pmflts; expenses and taxes raid National to to state hankers 21.062 Pne In troM companies and banks 773 IV, Individual publert to eherk 6.711. Demand certMeates deposit. 12.312 20 checks 40 for tax eIfIOOOO T-al 1 10.230.395 2S Ptate New York. County ot Hew Tork, as. T.

W. of aho-re, banic. do solemnly jwMr that the above statement Is to the best of my knowledge aivl belief. W. Cashier.

SubSTibed an.l imra to me this 23.1 of May, I EDOAR. Notary Public Attest: p. POOH. 'AM! FT. j.

cASisrEtrn. ARNOLD DALY LOOSE AGAIN. Will Revive Shaw Plays and Abandon the Newspapers. ArnoM Dily sailed yesterday on 11m Amerika to a supply of plays and playlets for the Berkeley Lyceum Theatre, whlcn ha has leasM for a season. Mr.

left risr of Poys of Company B'" on Wednesday and for a while, he told frlonds. will be Ma own manasjsr. It was learned, yesterdar that Mr. Dsly nnd Daniel Frohman. who undertook to be Mr.

Daly's ninnncer, agreed disagree. What the trouble was could rot learned, but thnt there was dtsnsrreement was not Broadway manaavrs Mr. Daly Is has had half a dozen. Before aalltng Mr. Daly the plans for his theat It Is to be conducted after the fanhion of Thfatre Antolne.

in Parts. Beginning; in October will have a full company of plnyern. Miss Helen Ware has already bY en- Caxed. He. Intends to produce t.lsht That Failfd" nrid 10 revtvfi nil Bhaw plays and hlcli hai -ii Mr.

Daly expects to down by Issuing no free passes and doing no atlverttsint; In thA newspapers "If the critics want criticise me .1 -i- says, "let them pay to see ma and mine." FOR SAFETY ON RAILROADS. Chicago, Figjurei just compiled In the office of director of matnten inee and operation of the Union Southern Pacific systenns show thai expenditures for safeij appliances by the. present manaKement of the rwo systems total nearly $12,000,000. p. R.

R. OHIO Assessment RAISED. OMO; SB. The BJBditem of here to 'lnv fix a tax rahtaJtoa over the lylvania Railway rompany'a Fort Wayne Chtcasi line nv. The total valuatii-tu of lha I In 111-.

state wKR rtf nt f14.U7.e00. hh of ovrr th" valuation of last year. SMELTERS AGAINST INJUNCTION. SI Paul. Minn May 3.

begtin dny In tbe fnitr.i States rircutf Court tn ttf the I t.ih sjasattiasj riimaejiilae). sjsjpellaatSk against Jamen Oodfrey other of Satt iJike hive a perpetual Injunction iieUatetns ftiT'ltltiir rompaniei frotn operatbis smelters on Ike Krotitiil thai the eanse death to th" vegetation an Itnesa the Inhabitants. The plants, wht'-h lire four miles from fait an ment of eonM ten millions of dollars. OHIO SUIT AGAINST OIL PIPE LINES. Flndliy.

OhlOV May 23 Aruruments were heard to-day befom Clrvnit COSrt tn the case of the Ftate against Buckey I'tpe. line r'nmpany In tnatiiamus to ejessssl company to establish a. ache.Vile of rates f.ir traJssportsjtloii cnaoDoa carriers and alleire.i iinlivrful illscrlminatlon between the. in transportation if oil thrnnsti Its lines. staiviar.i contends that demand naads anii no BOtica upon ii The Male cesitsnss that the law in itself was a i and that mm tonaal la A of character heM Desvei 1 before, the, ClrruJt Court.

It sail, and a decision Is looked forward with PAPER MAKERS ASK SHORTER DAY. Holyoke. May demand for an eight hour working day was presented to-day to the jiiiwamtmm paper manufacturers In this city by the. paper makers. The manufacturers have not Indii what Ptand they will take.

Tho mills, Which number nliotit thlrty-nvo and employ about six thousand men. run and night, and the miMi at present work tn two tours of duty. They ask th.it tho wort ho divided into three of elpht hours each, without change in wagva The principal rosMwrn Involved the American Writing I'ayor Company. THE LEMON CLUB. you gut 10 asked a wHI known man about town of a waiter tn a Chestnut street i-afA whom knew.

"Tea. sir." answered, white nproned ft-rvltor, handing; over a dime, and wondering why moneyed man should want money from him. continued the man. "you are a full tlt-dfced number of the Club." and. with laugh, he pocketed the coin ana sal down at The smiled and the customer and hli guests with dinner.

Then he presented his bill, which amonnted to The man handi I the waiter a f5 bill, which smtltng iias'i tucked a.way. saying: "Now, sir. yon nro a lire nii-iiii'. of noon Club." What could the man do i- his rneaU but laugh and let it go at Philadelphia liecord- Trust Companies. Bank 1370 1 REPORT THE OP THE MERCHANTS NATIONAL BANK.

Sf the of New Torlt. in the Kew Y-rt at the of business May 20. RESOURCES. Ivans and discounts 2S secured unseoured V. S.

bonds to. ctrcnlatton 600.C0000 bonds to ssmre V. S. deposits bonds to SSl wi 8. depoatte V.

S. r.n on hand 197.53000 on I. bonds Bonds. seoirHW. SB Banking i tZ Due from national banks rnnt 1.335.543 43 from State, banks an.l nankera and other cash 301 19 Exchanges for cleartnv house 1.800.W1 Notes of other, national 19.0000<> Fractional paper rurrency.

and cente 2,772 27 lAwfui in bank. vii. 20 tender notes. I.nar... 5.120, with IT.

B. Treasurer nf circulation) 80.00OO& rme from U. 3. Treasurer, than redemption funl 29.90P00 Total t3T.OU.Msir UABIIJTTES. rapitat etorll paH tn I2.WO.OCO Cft Surplus fund 00 piroflrs.

less expenses and PaM National berk notes outstanding (00.000 CO to other national banks to Mats banks and bankers. 1.605.5757* to truft rompantae and tanks 4.M7.50© unpaid Individual deposits eubject to 5.534.M853 Pemar.d ot 1P2.50551 OntUM checks 273.30135 Caehter.o checks 485.J14 2S Cnited States 1.700.''' vl 00 J1.743.71fl Bonds 1.043.000C0 Reserved tor taxes 15.00000 Total 77 State at New Tork, County New Tork. aa. I. ZOHETH S.

FREKMAN. oi ths bank, do that (UUmeat ts to of ray knowledsv a- Z. FREEMAX, CkSBleV. and sworn te thla 23d day at May. HENRT HOUOWAI, NWary Public.

New Tork County. Correct Attest: JOHN A. A. TAYTjCTR. R.

M. 3 ti f. REPORT OP TUB THE T.IBKRTT NATIONAL BANK. at New Tork. tn Stata or New Tork.

at thai ctoae business May JOth. 1S0T: RESOURCK3. Loans dincatints J9.033.-t65 SS Orerdrafta secured an.i S6l aa Mnds circulation I.OOO.XOCq I to V. 8. 80.000 Other bonds tr.

secure f. S. deposits 343. 00 loaned i42.VTO(N» aailillllSl SM 2.03d.T5234' Dim from ratlona.l bank." reserre aicnstsj in, 511 01 Due from Mare banks arl 89.21H31 hersa and other ExchaDKen for H.iuae... 2.307.733 Notes of other r.it!onaf 00 fractlenSl currtaey.

nlckele. and cents 3.064.53 Lawful money la bank. 2.470.094 00 1 fund with V. 9. Treasurer of from V.

S. other than reflemption fund M.WSOO s.J*i.Ss«4j Total $13,021. 7SBM T.IABIMTTrS. Capital atoeh paid tn $1,000,000 Surplus fuad 1.300.00069 Vr.filvtded leas an.J taxes paid banknote-" outstanding Due to athet r.atloral banks Duo to state banks att.i 438.8* aM to ti-ust comrantes and 2.25427907 Individual (noiilli subject to 7.7K7.*17 TT Demand certificates of deposit. 63.8C«>0i» checks 'ashler's S7.2iX>fi7 Vnlted, deposits SSO.OVOPO 14,404.33031 Reserved for taxes.

14.7M0S Toral fia.051.733 S3 State Now Tiirk. County Ofl New Totlc. I FttEIVK n. SCmENCK. tSs do solemnly swear that statemess Is to the of my an 1 B.

SCHENCK. rresldent. Pubsortbed 4 s'n-orn. to this 22d day HENRT S. BARTOW.

Notary Queena County. la Xew Tork County. Attest: nEIP. 1 DAVISON. i-Phacteia CHARLES H.

STOCT.J BUSINESS TROUBLES. The follonins: petitions In bankruptcy fllssl JSSUriHj with tha clerk of ths TXstrict New Companj-. in-oliintary The prlnctpol predimrsi are A. tlalrd. H.

Smith. $177. and William Clarke. T. tor sold and delivered.

Tileston was appointed receiver, with a bond of $2.1.000. and au: ifSBS le business for next twenty days. Henry Fox. No Broadway, voluntary petlttem. l.t,»hlit:i»s.

W. assets. $230 principal are Foster $8,200. H-nrv $..730 I'nh'n Olaaber. tXOeo O.

G. Meadsdar. No 24 St. rohmtarj petition 5250. principal Kiltora are Stanr.in.

and F. H. Saratosa. Ike Hermar No 27 University petition, ftl-'l by a. Dtmon.

with a claim of PrvfeTenttal payments in alleged. Schedules of Nathan Stem show debts of assets of $1.725. The schedules Times Square Loan Company, the Providence T.nan MacAleenan's and other "hloh hold diamonds. Jewels, palmed hy the bankrupt, for $5,002. calllaej tor the jewelry, it la said, have turned to receiver.

Walter wan appointed the buatnees of M. R. Hellbert, 17 Battery Place, with a bond of 53.80S Henry M. Beekman was appointed, receiver of the the Ink At Color Company, with a kOfsi of $500. "THE WOMAN IN BLUE" FOUND SANE.

Washington. May Mrs. Isabella rasa, who satnwsai attention as "tbe wcmAit in blue" who trie.l to see the at Oy3ter Bay last summer and who has aooajht to the President, was taken Into custody here night on a of tn-rinitr and to House of Detentton pendtnsr examination. ts thirty year 3 old. The- police surgeons to-day examination of Mrs.

Case to determine the question of h-r sanity. They found thnt she nu sound mind, but she be detained until soros of her relalives, who have heen communicated with, with i view of talring: her to their home, have been heard from. Anoth. arrest of a similar character was ir.a<J* when police took into custody the railroad station Mrs. Retecca Axsam, of Hyatt street.

Chester. wife of a machtnis' of irv. She had President and s.ic was sent to House Detention. She Is forty-two jr-ars old. 11.

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