Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1908-06-20

I nounced that there had been agree
ment to reduce billets from $28 to sos
ton, structural iron from $1.70 a
hundred to $1.60 and other products
similarly. The price of iron ore at
the same time was cut so cents ton.
Fourth Gould Road Receiver. \
Upon the petition of the National
Car Wheel Company of New York the
district court at Toledo, O., has APP
pointed Vice President Worthington Of
the Wheeling and Lake Erie receiver
for the road, which Is the fourth Gould
property to go into the hands Of a
receiver. The proceeding was friend
Iy one. The petition says that the road
is in debt to the extent Of over $2S,-
100000. This move is understood,
however, to be a preliminary step to
the reorganization of the Gould system
George Gould, the head of the system,
before sailing for Europe gave an in
terview in which he explained that the
latest receivership was inevitable aft
er the Wabash Pittsburg had default
ed, the latter being unfortunately
overcapitalized,' as he admitted. Still,
the Wabash was "a fine property with
great earning powers" When asked
if he had abandoned his transcon-
hnental plans he replied that every
youngster "has to have the measles
and whooping cough" implying that
he would go forward with his plans
later on He pointed to the increased
evidence of better times ahead, but
complained that the political campaign
against the railroads had been fright
full in it's effects He said it had cost
the shareholders Of the Missouri Pa
cific over 100000 last year, the di-
rect cause being reduction in the
freight and passenger rates and an
Increase in the operating expenses.
Gould said he was great admirer Of
Taft, who had shown good judgment
when on the bench.
AS to bis family matters, he an
bounced that all opposition to the mar
riage Of his sister, Nine. Anna Gould
to the Prince de Sagan had been aban-
doned and that he hoped to attend the
wedding.
Beef Prices Still Higher.
The beef trust again has advanced
the price of meats to wholesalers to a
point one-third beyond the high mark
reached on June 1, and retail prices are
higher than at any time in over ten
years. The scarcity of cattle is given
by the packers as the reason for the
latest advance. This is attributed to
the money panic, which prevented the
cattlemen and farmers from carrying
through the winter the usual number
Of young animals. Then it is said that
farmers could not afford to feed the
corn to the cattle owing to the high
price that cereal brought during the
of the corner by Patten.
Forming Piano Trust Now.
The largest combination of piano
makers yet undertaken has been incor-
porated in New Jersey under the name
Of the American Piano company. with
q capital Of S6,OOO,OO0 Of per cent
preferred stock and $6.O00,000 Of COM
mon stock. This merger includes at
the outset the following concerns:
Knabe & Co., Chickering & Son and
The Foster-Armstrong company. With
The other companies to be controlled
The output of the trust is estimated at
$1,000 pianos a year, or about 20 per
cent of the high grade pianos.
The Wabash Quits Pittsburs.
The headquarters of the Wabash
railroad has been removed from Pitts
burg to Cleveland, and the new million
1ollar depot and Office building in
Pittsburg will be rented.
Life Insurance Disbursements.
The Insurance Press estimates that
the insurance companies of America
paid to insured persons and their ben
efciaries last year total of $474,115.-
500, most Of which went to persons of
small means The disbursements of
he preceding year were 1927, 576,199.
Pullman Rates Put Up.
At Lansing, Mich. it is learned that
The rates on Pullman cars in that state
Are to be advanced next month to half
4 cent a mile instead of on the trip
basis. as at present, and the mileage
basis will soon be extended over the
i