davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
READY FOR MERGER.
DECISION ON JUNE 9.
Negotiations Betzreen n. n. Trust
Co. and Trust Co. of america.

NEGOTIATIONS nave been virtually completed for
the merger OF the North American Trust Com
pany and the Trust Company Of America Inc
directors OF the Trust Company OF America on
Tuesday adopted resolution authorizing the
officers TO sign merger agreement subject to
ratification by the stockholders at meeting to
be held on June g. The directors of the North
American Trust Company viii tomorrow meet
10 pass a similar resolution and meeting OF
the stockholders Of this company. for ratifying
the proposed merger will probably also De held
on June o as IL is the usual practice to hold on
the same day the meetings OF shareholders or
institutions which it is proposed TO consolidate
Negotiations for the merger Of the two inst-
tutions were begun last summer, but did not get
beyond the stage Of an agreement between the
executive committees After the death recently
of AshbeI p. Fitch, president of the Trust Com
Iany OF America, the negotiations were re-
sumed. The North American Trust Company
has 100000 capitaIsstocl1, and surplus and un-
divided profits of about So 10000, and the Trust
Company of America has 100000 stock and
little over So 100000 surplus. The new company
will be capitalized at only 100000 and will
have a surplus Of about $6.O000O0. The COM
bined deposits Of the two present companies are
about S27,0O0,000.
The Trust Company Of America began business
in June, 1899. The North American Trust Com
pany was formed in 1893. In April 1900. it alb
sorbed the International Banking and Trust
Company. which had been organized in the pre-
ceding summer, and few months later oakleigh
Thorne succeeded Alvah Trowbridge az presi-
dent. In February. 1901, the Trust Company OF
1Iew-York was merged with the North American
Trust Company. and at about the same time the
latter institution took the Holland Trust
Company and the Century Trust Company, in
liquidation.
II is understood that the Board of Directors OF
will be
larged by the addition of number of the pres
ent directors of the Trust Company Of America.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
IRREGULARITY IN STOCKS.
Predominant the CloseFuer Gold Export Engage


Exchanges S19616197; balances, S2106147. Chicago
Exchanges. S27774 $40: balances. SOL .020
FOREIGN MONEY MARKET.-Call money IN
London 1q114 per cent. Open market discount rate
for short bills. 17sG1 1915 cent; for long bills
15-16q2 per Berlin discount rate 3A per cent
Berlin exchange London. 20 marks 4012 pfenngs.
Paris discount rate. per cent Paris exchange on
London. Is francs 1015 centimes.
FOREIGN SECURITIES.-British consols for
money. 80 516 for the account 90ss; French rentes
Sc francs rs centimes.
SILVER MARKET.-Bar silver. 55s4c; Mexican
silver dollars. 4412c Bar silver IN London closed at
Is 9-15d
GOLD PREMIUM-In Madrid. 1852; Lisbon. "a.
GOVERNMENT RECEIPTS-Customs receipts
reported from Washington s942S65 internal revenue
receipts. s7l5293; miscellaneous receipts, s15O27+
Receipts for the day. s1.SOS ,5S2 Expenditures $780,
900. Receipts for the month to date S25515.924;
pendtures. $50 $50 900; Of expenditures, &4
0+4.076 Receipts for the fiscal year to date S4712S
Oe5; expenditures s51 59s; Of expenditures
s41, $500
SUB-TREASURY.-The Sub-Treasury debtor
to the Clearing House 1853. 791.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
LENT So, 900; NO SECURITY.
First UitRess against ROthSchiId
Tells of House Wrecking Co. Deal.

The Jury 10 try David Rothschid. ex-president
Of the Federal Bank, who is charged with grand
larceny. was completed yesterday before Recorder
GoH in General Sessions, and Herman A. Nessler,
Of No. 70 East Ninety-third-st., was called the
first witness He testified that, with Henry D.
benjamin, OF the New-York House Wrecking
Company ne asked Rothschild at the Grand-st.
branch Of the Federal Bank TO discount note for
$4,000. Witness and Benjamin Endorsed the note.
which they left with Rothschild. On the following
Friday Rothschd refused 10 discount the note. and
never returned it 10 witness
On April Rothschd and his brother Louis went
TO witnesses office. where he met Benjamin and
witness. Rothschild said the note would be taken
out OF the bank. The came due on May T.
but witness not able to meet it.
The witness declared that he had lent 5000 to
the New-York House Wreckng Company without
getting any security.
When 1 had paid in $1,000" he said. benjamin
and were to form the New-York Iron and Metal
Company. which take over the business of
the New-York House Wrecking Company 1t was
organized February l. and has offices at
No, 5l4 East Twenty-third-st"
OF the 5000 lent to the New-York House Wreck
ing Company. 1900 obtained by the Federal
Bank discounting his note. This from the
discount OF a note for $500 October 9. On No
vember he discounted another note for 5000
at the Federal Bank take up the of the
previous month. In all he had notes dis
counted.
Prior to January whatever notes he took to
the Federal Bank were discounted and properly
placed TO his credit.
Nessler admitted that January last. the
date when he tried TO discount the note for $1,000
counted a note Of the Ruy Lopez Cigar Company
for $500 for him and deposited the proceeds 10 his
credit He also admitted that he had been Trough
bankruptcy proceedings
The trial will to-day.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
The DAYS OPERATIONS IN BONDS.

RAILROAD BONDS.-Market generally firm.
Total sales amounted I'm par value to 81. 40l 800
against 81 SOL 200 Tuesday. The heaviest dealings
in the Atchlson general As Baltimore and
Ohio prior lien 3ias. Brooklyn Union Elevated frsts
Central Of Georgia second incomes. Chicago. Rock
Island Pacific railroad As Mexican Central sec
ond incomes. Missouri. Kansas and Texas extension
Is. Norfolk and Western Is. Northern Pacific 4s
Reading general As, St. Louis and San Francisco
refunding As. San Antonio and Arkansas Pass As
Third Avenue As Union Pacific first and convert
bic As and Wabash debenture Bs Consolidated
Tobacco IS and United States Steel 5s were also
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
IRON TRADE CONDITIONS.
1.-The Iron Age" says:

Reports from all the leading markets are PraS.
ucally unanimously to the effect that business -
very dun. indeed The works in many branches ars
quite busy yet. but new tonnage is coming in very
slowly. and the conviction is growing In the Hes,
trade that the industry must face the prospect o
very quiet summer. Since prices in good many
lines or finished material not by any means
low now, buyers are very conservative and can
not be readily tempted 10 abandon their reserve.
They do not anticipate any trouble in getting de1-
nverieS whenever they should need the materlta-
Some OF the Southern pig iron makers have weak.
ened. and are naming 81 50 for No . foundry a.
Birmingham without apparently securing any ous,-
ness OF consequence. 1t looks. therefore, thOusn
they must recede further before effecting largo
sales. In some districts. some OF the Northern
furnace men are still holding aloOf. but others ars
keenly alert and meeting the situation Soino
OF the foundries complain that the weakness ~
pig iron has been frightening of their customers.
There are reports that Canadian steel interest,"
Is in the market for considerable tonnage ..
Bessemer pig. and NAV purchase much 80
100000 tons. The contractors for the Pennsylvanh
tunnel castings reported to be in the market -
cover the $1,000 tons taken. but nothing has oes''
done yet
Reports from the Central West state that
considerable tonnage OF ore has been placed on tts
basis or s. % for old range Bessemer and or y
FOR Mesaba In the heavy lines of iron and So
the tonnage placed continues disappointinsly hs9-
A little IS being done in steel rails and some MOI,
crate car orders have been placed. Structural see,
Is growing more quiet the only recent transacssoos
or consequence being the placing OF an oEdar i'6
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
SHARP BREAK IN COTTON.

There was q sharp break IN the cotton market
yesterday under active liquidation. bear pressure
encouraged by The sudden weakness in New-Or-
leans. and reports that leading bulls were nouidat-
tng. Tho decline followed a steady opening and
was accompanied by great excitement From Is 4s
cents for July. prices carried down TO 1911
cents. loss OF more than one-third OF a cent q
pound in half hour OF trading At the lower Level
stop orders seemed pretty well exhausted ana WITH
some covering the market rallied several points
bus continued nervous and unsettled. The low
point reached by the July yesterday was u cents
and The closing price was 1921 cents. GONNA ring
with Tuesdays final price of I3 20 cents Spot cones
In this market declined Is points. to - 40 cents
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
JAPANESE LOAN ON THE cuas.

The new Japanese 6 per cent bonds were 6ealt
N on the curb yesterday TO the amount Of 100000
II was the first day in which the actual bankers
certificates We're traded in. Opening AT 94Ss the
price declined 10 935s. against price Of 95 which
was quoted a few days ago. Subsequently the price
sallied % 945s and remained that figure the
rest OF the day. Some Of the largest buyers we're
arcitrage firms which trade between New-York and
London Il is interesting 10 the fact that the
Janarrse Der cent bonds in London declined after
the opening of hOstites upward OF % points, and
then recoV red the entire loss. while the Russian
rer cent bonds now show a net decline from the
6rst attack on Port Arthur Of more than points.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
TROLLEY CONSOLIDATION.

New-EaVen. Conn May 18-In the Superior Court
to-day the name Of the Worcester and Connecticut
Eastern Railway COMPANY. which IS controlled by
the New-York. New-Haven and Hartford Railroad
Interests. was ordered changed TO the Consolidated
Railway Company. Counsel for the New-York New
Haven and Hartford explained that the new name
would De more appropriate II the company op-
Grated street railroads IN various parts of the
State, as Is intended The plan involves, he said
IKE consolidation OF the Meriden Street Railway
Nalliigford lraInway. the Fair Haven and West
vile system in New-HaVen and the stamford troll
ley line under the charter Of the Worcester and
Connecticut Eastern.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
FLOYD & CRAWFORD RECEIVER.

Judge =o!t. IN the United States District Court
yesterday signed an order appointing Robert s
Morris receiver Tor the individual estates Of Frank
B Crawford and Address :. Floyd. who composed
the firm Of Floyd Crawford & Co.. against which
an involuntary bankruptcy petition fled on
Nav Il last Judge Holt fixes Mr. Morris's bond
s. 000 The court instructed the receiver 70 col
loct any money that be owing 20 the firm
the mem hers individually. The order stays any
civil action against Che two men individually
firm nenoLlE lhe hankruptcy DroceedInEs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
TRACTION coMPANYs MORTGAGE

IBy TELEGRAPH I'D THE TRIBrSEl
Ballston. \. y. Nay lS.-The United Traction
Company. Of Albany. has given the Central Trust
Company. &C New York. mortgage Of Sc 200 coo TO
cover the issue OF $500 gold bonds OF Sl,c90 each
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
woolLEN MILL SHUTS DOWN.

Tacoma, y. a.. May 1S.-The Laconia WooIlen
Company has shut its mill on account Of insult
cient capital and Mr.. Bureigh. its president and
Albert Craptree. its manager. have resigned Fred
A Young. treasurer Of the company. said that the
working capital had proved insufficient and the
directors had accordingly decided 10 close the mill
until The exact situation OF the company could be
learned. The capital OF the company is $4,000. Il
employed several hundred hands
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
CONCERT AT HOTEL cuMeeBLANn

There viii be musical entertainment at the tEo
Gel Cumberland IN Broadway and Irifty-fourth-st
tomorrow evening. at Q o'clock given by the nro
cr1etor. Edward 4. SWEET. Those who WIN TAKE
pert are Olive Celeste Moore rnezzo-contralto.
Sans kronold, 'celiist; Francis Archambault bsrV
tone and Frank @. Dessert. accompanist
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
MONEY AND EXCHANGE.

MONEY MARKET.-Money on cali opened at
per cent; highest. per cent lowest. Ia per cent;
last loan. ia per cent; closed. 12d12 per cent rul-
ing rate, per cent. Time money was quoted at
per cent for sixty TO ninety days, 3aG4 per for
four. five and six months Commercial paper was
quoted Ss4a4 per cent for sixty to ninety days,
4a4Ia per cent for four to six months. and per
cent for others
FOREIGN INSTRUMENTATION closed dull
Actual closing rates follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
FIVE MILLIONS IN GOLD GOES TO-DAY.

Gold TO the amount Of S2.5O00DO in coin was en-
gagged by J. P Morgan Co yesterday for export
70 Paris to-day. The National City Banks $4,000.
announced Monday was withdrawn. LazaTd Freres
took S25Oo010 in gold bars. as announced earlier IN
tie week making total shipments by to-days
steamer $4,000 and the total since the movement
began So 80 COO OF this amount SlS5000 has been
shipped engaged by the agents Of The Panama
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19

DOMESTIC EXCHANGE.-New-Orl Orleans - Com
mercial. 25c discount: bank. 81 premium San Fran
cisco-Sight &c; telegraph. nc. Boston-5c dis
count Chareston-Buying. par; selling. 1-10c pre-
MUM. Chicago-40c to 50c premium. Cincinnati
l5c premium. savannah-Buying. soc discount: SELL
ing, 75c premium. ST. Louis-45c premium Mime
apolis-N premium
BANK CLEARINCiS. - New York - Exchanges
S24sSol.0A; balances. $S.627 49S. Baltimore = Ex-
changes. $685. SIS; balances. s4oscoo Boston-Ex-
changes. 81 o5s III; balances ss2 Philadelphia
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19


80 shares Metropolitan Plato Glass Insurance
s.. 900 Central Union Gas Company OF New-York
1927; coupons January and Julv...........
$4,000 Union Gas Light Company II Kings Coun-
July 1905: coupons january and July.
$4,000 Northern Pacific Great Northern Railroad
Chicago. Burlington 4 Quincy collateraD
per cent bonds. due July. 1921: coupons
January and July. -.,.......-.... .-..........
$4,000 Southern Railroad first consolidated mort
gage per cent bonds. due July. 1884;
.,, coupons January and July. ,;.;,....:,..s,..:.
SlO.OOo Toledo * OHIO central Railroad hrst
mortgage per cent bonds. due July.
81 600 Central Branch Railroad first mortgage.
guaranteed by Missouri Pacific per cent
bonds due February. 1919: coupons Febru-
81. 900 Rochester q PittsburE Railroad hrst mort
gage 6 per cent bonds. due February. 1921;
coupons February and August. .-..........
$4,000 Milwaukee. Lake Shore Sc Western Rail
fund 5 per cent bonds. due February,
1929 coupons February and August.
dated mortgage per cent bonds. due
..o,o April 1870 coupons April and October 96
mortgage per cent bonds due Novem-
Der. 1927; coupons May and November.
$4,000 Flatbush Water Company second mortgage
per cent bonds. due May, 1911; coupons
SO. 900 MilwauEee. Lake shore ana Western Rail
road consolidated first mortgage per cent
bonds due May. 1921; coupons May and
$4,000 chicago, St Paul Minneapolis & Omaha
Railroad consolidated mortgage q per cent
bonds. due June. 1890; coupons June and
$4,000 Texas & Pacific Railroad first mortgage s
per cent bonds. due June. 2. 600: coupons
June and December ..-...................
% shares Ohio & Indiana Consolidated Natu-
raj and Illuminating Gas Company .... %.
81 shares Newport News and Mississippi Val
ley Company; 1921 IS Columbus. Sandusky
& Hooking Railroad first mortgage gold
bond scrip. interest paid to October l.
1895 $50 shares st. Louis. Fort Scott &
Wichita Railroad Mercantile Trust Com
pany certificate OF deposit $50 Chicago.
Peoria ST. Louis Railroad preferred
70.
For account of whom II may concern.
90 shares j. NJ. Qumby & Co, Newark N J.
20 shares New-York Security and Trust Com
pany . e ..
% shares Irving National Bank. .............
8 shares Consolidated National Bank ......
80 shares Twelfth Ward Bank. .........-...
10 shares New-York Mutual Gas Light Com
.........
Is shares the Subway and Westchester Con
struction Company Of New-York. -. s
80 shares Colonial Trust Company. ..........'
60 shares Mechanics National Bank .....
500 Coupons from Princeton Lighting Company
first mortgage bonds. $50 due September
1903 and $50 due March. 1904; lot. ......
So 900 New-York and Queens Electric Light and
Power Company first consolidated mort
gage per cent bonds. due 1880: coupons
February and August. ...............
IS shares Mechanics National Bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19

Closing prices yesterday of the principal active
securities and net changes from Tuesdays quo
vyers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
AMERICAN SECURITIES ABROAD.

London. May IS p m.-The market for AmerI-
securities dull. with final changes at small
net gains. Last quotations follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
SECURITIES AT AUCTION.

The following securities sold yesterday at
auction the New-YorB Real Estate SalesroOm
by Adrian H. Muller & Son:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19

Bankers posted rates were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-19
MINING STOCKS.

65. $50 Total sales.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-12-30
PLAYING for Bio stakes.

New York; December 29.-Two eau
tious Scotchmen, William Monroe and
Alexander Sinclair, are playing a
checker match in the detention room
for immigrants on Ellis island for adj
mission into the United States. Be-
tween them they have $25, and have
been told that if either one had that
amount he would be admitted, other
wise both would be refused admission.
They are members of a party of fif-
teen converts to the Missionaries of
the Holy Ghost and United States So
ciety and they come from Glasgow,
bound for Shiloh Hill, Maine, the head
quarters of the sect All members of
the party will be returned to Glasgow
on Saturday who cannot produce $65.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-12-30
THIS MORNINGS GOSSIP

hume In East Lake. The entertainment
consisted of dinner at 6:SO followed by
pafior games and music. The charming
soung hostess was radiant with smiles of
welcome for her friends. and was ably
assisted by her mother. who presided at
me table with her usual grace and kind
mess. No happier or merrier party ever
assembled and 1t was with regret the
guests took their departure. Miss DAILY
nus the art of making her friends feel
at nome" by her own cordial warm
hearted nature, and does not try to out
snihe her guests. Amongst those who
hao the pleasure of being present were
MRS. Palmer, Mrs. Willard Palmer. Miss
SADIE Wade, Miss LYDIA Palmer Miss
Eileen Lampkin. Miss India Palmer. Mr..
Buck Besinger Mr. f. 1. Monks, Mr..
Edgar DAILY. Mr.. Fred DAILY and Mr. Alan
DAILY.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-12-30
MISS JOSEPHINE MINORS
DANCING PARTY AT THE CLUB.

Miss Josephine Minor gave a dancing
party yesterday afternoon at the Country
club. the occasion assembling about
eighty guests In the young social set
The guest of honor was Miss jeanette
Helen Thompson.
The lower floor of the Country club was
thrown together and a buffet luncheon
was served later In the evening. There
were a number of party favors
Miss Minor made a lovely young hos
tess, her dancing frock OF white silk. She
was assisted in receiving by her mother
Mrs. Lewis Minor. and her sisters, Mrs.
Arthur Stuart and Miss Fern Minor and
Mrs. l. l. Wetmors.
The guests were:
Miss Jeanette Harris, Miss Leonora
Mayberry. Miss Reta Tuttle, Miss Helen
Thompson. Miss Louise Mussrovs, Miss
Eula Whatley, Miss Louise Archibald,
Miss Ella Mae Archibald. Miss Margaret
Chenoweth, Miss Lucille Moore, Miss
Sydie Moore. Miss Mary Carver. Miss
Mabel Moore Miss Bessie Patterson. Miss
Dorothy Johnston. Miss Cary Johnston,
Miss Ellen Percy, Miss Susie Harde,
Miss Lucille Nix. Miss Ruth Smith. Miss
Virginia White, Miss cathelne Van
Hcose Miss Elizabeth Morris, Miss Jul
liette Davidson. Miss Shepherd, Miss
Roybelle Enslen, Miss Ward Miss Mary
Tardy, Miss Catherine Ledbetter. Miss
Eleanor Miner. Miss Mary King, Miss
Elizabeth Going, Miss Annie Hood Coal
burn, Miss Marion Robinson, Miss Mar
garet Robinson, Miss Susie White, Miss
Mary Gorge Green. Miss Alice Coughlan,
Miss Elizabeth Dearborn, Miss Fern Mi
nor, Miss Margaret Mccormick. Miss
Malcolm Ware, Henry Gray. Jr., Webb
Crawford, Jr., Edwin Robinson, Alexan-
der Dearborn Boyd Dearborn. Boyd Lee
Grande, Howard LeGrande, HARDWOOD
Moore Harry Mccormick Robert Bad
ham, Tom Jones, Claude Estes George
Wittchin. Harry Daviuson, Sterling Bag
gett, Frank Morrow, Robert futile, John
Bradley. Hollis Bush, Joseph Mudd,
Anglin White. Norma Circuit. Louie Mum
ger. George Carver, George Griffin,
George Enslen. William Cobbs, Grady
Smith, Robert Burnett, Giles Mcqueen,
Joseph Phelan. Elma Preacher, Sam Led
better, Matthews Gardy. Joseph Coal
burn, Robert Hemphill, Frank benson.
| Edward Irwin and Anderson McCamp-
| bell.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-12-30
onnosltion la Withdrawn.

New York, December 29-At the
monthly meeting of the Seaboard Air
Line directors, just held, it has de-
veloped that the threatened opposition
to the reorganization OF the company
mas been withdrawn Attorneys for
the road are now examining the pro-
visions of the reorganization scheme
In order to make certain that they are
in conformity with the laws of the sew
eral states through which the Sea
board passes.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-12-30
THE GRAY coTlLLoN.

The cotillon to be given this evening
by MI. and Mrs. Gray in compliment to
MISS kinney will be one of the most
brilliant events in society, assembling the
entire dancing world in the ballroom at
the Hillman. Mr.. and Mrs Gray and
Miss Kinney will receive in the pink
drawing room. which in its decorations
of pink roses will suggest a French
painting. The entire drawing room suite,
including the Turkish rooms and the
private supper rooms, will be used, a
seated supper in several courses to be
served.