Salt Lake Tribune | 1901-03-19 | Page 6 | In the Business World

IN THE BUSINESS WORLD It was reported In Wall street yesterday yester-day that the capital stock ot the new United States steel corporalon probably will bo Increased by SICO000000 Several persons concerned In the 578 OCOOCO liii I cat consolidation are now In New York city and It Is expected that the deal will be closed In a very few days Yesterdays statement of time treasury balances l in time general fund exclusive of the J150000COO for redemption shows Available cash balances 150013702 gold 91615010 J P Morgan Co confirm the report circulated that all the interests of John D Rockefollcf In time Iron business Including In-cluding mines railways uml like trans portatlon lines are to go Into the United States steel corporation The amount of the defalcation of the cashier of the First National bank of Niles Mich will be approximately 15 coo which hud been covered up by forged loans and discounts As tho bank will be unable to resume business a permanent perma-nent receiver will soon be appointed William V Patrick a mine manager filed si voluntary pctlllon in bankruptcy In time United Stales District court New York Liabilities C9230 with nominal assets The principal creditors arc R S Reynolds of Denver Cole for 520000 M E Tlllotson 510000 time Cardonatc > a lional bank oL Loudvllle Colo 22949