davidaulloa/AmericanStories huggingface dataset:
The Providence news. (Providence [R.I.]) 1891-1906, 1902-10-08
PROFITS
FOR Nine
MONTHS
United States Steel Corporation
Shows Not Earnings Since
Jan. |, Of Sl0l,l42,l58.

New York, Oct. s--The financial state
ment OF the United States Steel corpora
tion. issued after yesterdays meeting OF
the directors. shows net earnings for the
quarter ended September 80. 1902, OF $780,.
764,643 and for the first nine months OF
the current calendar year OF sl01, ,142, ,l5s.
September earnings, which are given as
$1l.750,o0o. are estimated. Earnings for
the month of July were s12,04l.9l4 and
for August s12,972.72s.
Earnings for the quarter ended septem
ber 80 last are between 100000 and
81 600. 900 below the most optimistic esti-
mates and compare with earnings OF s3T,
662. .65S in the preceding three months. the
banner quarter from the standpoint OF
earnings.
Had IL not been for the inadequate
transportation facilities. which prevented
the corporation from making prompt ship
ments. the earnings for the last quarter
would probably have exceeded those OF
the preceding quarter.
The inactivity of the mills Of the Ameri-
can Tin Plate company, due largely 10
the refusal OF the workers TO accept a
reduction in wages in order to enable the
company to bid for a part OF the export
business, also cut down the income. The
statement is as follows:
The Providence news. (Providence [R.I.]) 1891-1906, 1902-10-08

guaranteed exemption from loss In case
the strike is settled and normal condi-
tions resumed while the coal Is in transit.
THE general assembly has been asked"
he said III IL will vote for the necessary
appropriation, not to exceed $25, 900. when
the body is In session. The state does not
propose 10 enter into the coal business
nor to purchase or sell coal That will be
left TO the coal companies.
And" he added, measures will be
taken to prevent the dealing out OF tho
coal in places where II Is not needed. 1t
will be reserved for families and for the
small consumers, on whom the present
lack OF coal fails most heavily.
1.-The coal companies do not feel war
-rarted- IN contracting in the future for
any length OF time at present high prices
for more than temporary supplies In or
der TO use reasonable precaution and TO
prevent fuel famine II is necessary to
provide for supplies far enough In the fu-
ture TO subject the coal dealers 10 Sc
rious loss II a normal supply should sud-
denly become possible. That is the reason
for the action I have proposed
BREAK SURE TO COME.
A break In the present high prices OF
coal is sure to come. and the guarantee
Is simply 10 reimburse the dealers for
losses incurred when the strike IL over
and they have quantities OF coal on hand.
purchased at the prevailing high prices.
should the break In prices come when
the coal was on its way here, or after II
arrived with a considerable amount on
hand. the loss TO the dealers would be
large, the guarantee provides against
this.
I'm case the arrangement goes through
the coal will probably be distributed by
the dealers under the direction OF the To-
cal authorities. In all probability. II Win
be sold TO families where II Is needed the
most. and will be for Rhode Island peo-
pie only not n pound going out OF tho
state. The coal will be sold OF cost, de-
livered.
The circular IL as follows
state OF Rhode Island. etc.
Executive Department.
Providence Oct g. 1907.
Dear sir--A plan that offers a practical
solution OF the problem OF securing
coal for the people OF this state
contemplates arrangements with dealer.
| or dealers for an emergency supply rom
| the nearest available depot on the basis
| Of tho lowest wholesale price 10 custom
ers. plus the bare cost OF distribution.
In event of such favorable change IN
| the strike situation. after the proposed
/ purchase. as shall result In lower mar
ket n r. necessary that the dealer. or
dealers who undertake the transaction
shan be protected BY some sort Of a gum
| antee 10 enable them 10 embark In " with
reasonable safety.
am convinced that the quickest way
n arrange for such n guarantee. as ven
| as the most practical. y for the state 20
| assume n. The situation seems 10 me
serious enough 10 call for relief meas
urcs by the state Members 81 the gen.
Continued on page FivsJ
The Providence news. (Providence [R.I.]) 1891-1906, 1902-10-08

out for that which was new, and men who
have made Il their duty 10 keep In step
with business progress, expansion. etc.
The golden anniversary OF the ]. IS
Barnaby Company u an important event
in the history Of the city. where the firm
was founded Since the house made its
first start many years ago there have
been many changes In Providence Bust
ness interests have magnihed largely. In
the earlier days corporations were few.
Now they are numbered by She hundred.
During the 30 years sky scrapers have
been erected. tenanted by communities OF
concerns engaged I'm trade. Old buildings
have been rernodled TO meet the require
ments Of an ever progressive city. Old
The Providence news. (Providence [R.I.]) 1891-1906, 1902-10-08
TOTAL NET EARNINGS.

TOTAL NET EARNINGS.
Total net earnings. after deducting each
month the expenditures for ordinary re-
pairs. renewals and maintenance OF
plants. also interest on bonds and fixed
charges of the subsidiary companies.
sl01, 1,l42.1bs. Deduct amounts set aside
for the following purposes. viz; Sinking
funds on bonds of subsidiary companies.
s4s7.540; depreciation and reserve funds.
o.S06 565; total. $lo.774.105.
Balance of profits for nine months ap-
plicable for United States Steel corpora
tion securities. s90,36s,o53.
Deduct interest on United States Steel
corporation bonds for nine months. si1. :
400 900: sinking fund on United States
Steel corporation bonds for nine months.
So. $50 900; total. sl3, $4,000, leaves bal
ance of SIC. .6ss.053.
Dividends for nine months on stocks o.
United States Steel corporation. viz.
Preferred 5A per cent. s26.790.25s; com
mon per cent. sl5,244.66b.
Dividends on outstanding stocks OF sub
sidiary companies. s14s; total. 2.040,07l
Undivided profits for the nine months
applicable to increase depreciation and
reserve funds accounts for new con-
struction or surplus. ss4.647, ss2.
Altogether the statement was looked
uron in Wall street as highly favorable
one For example. the earnings for the
quarter just closed exceed those OF tne
corresponding quarter OF last year ty
ss efA,see.- Then again tAa- earnings -fnr
the first nine months OF the current cal
.endar year are within 10000. 600 OF the
earnings reported at the close OF the first
12 months of the corporations operations
viii exceed $40. .000. 900. Judging from
the earnings reported In the past six
months the earnings for the second fiscal
year. which ends March 81, 1903. will ex
ceed President Schwab's estimate OF
$40, 900. 900.
Earnings for the past six months were
AT the rate OF sl49. Oo0.o a year.
Oficers OF the corporation say that the
improved showing I'm earnings has been
due more 10 the benefits derived through
the carrying out of Its policy OF concen-
tration. adopting OF new methods ~
manufacture and reduction In operating
e,;,enses than to increased production.
The following table shows the earnings
OF the United States Steel corporation e,
c,a,tars aipra "a beyap OperatiOnS.
The Providence news. (Providence [R.I.]) 1891-1906, 1902-10-08
Magic Hair Stain

For brown or black: prepared BY
GEORGE oRMSBY. Wis Maker md
Hairworker. leo fremont street. Boston.
IL IL simple. safe and easily applied: con-
tains no lead poisons: use IL once snd
you win never use any other. BLAND
iNo 4 BLANpIN0. u wsybosset street;
The Providence news. (Providence [R.I.]) 1891-1906, 1902-10-08

The undivided profits OF s34,647es2 for
the nine months compare with undivided
profits OF something like S24.0oo.0oO re-
ported in the first IL months OF the com
pany's operations. Consequently. the uu-
divided profits at the present time must
be In the neighborhood OF ses,boO,Ooo
The directors OF the Steel corporation
declared the regular quarterly dividends
Of 1& per cent upon the preferred stock.
pavable on November 15. and Of l per
cent. on the common stock, payable DE
carnber 30
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30
WASHINGTON STATE NEWS.

of almost 5000 and is the largest city in
grcssivc. and this means Il great deal.
They are not wholly taken up with the
idea of making money" alone, a. some
would think. but along with this they
are planning to make their work lasting.
On all sides can he seen the improve
mcnts going ON day by day Beautiful
residences have taken the place nl
'shacks" in all parts of the city; sub
stantial business houses have been raised
on the sage brush lots and the rattle
traps" OF earlier days are slowly and
surely passing away.
Within the last six months sixteen
new business houses have been built a.
compared with seven built during the
whole of 1901. This great number does
not indicate that 80 many new business
firms have been established here. 1t
means wholly that the older establish
ments increased their capacity. The
number of new firms can be counted ON
the right hand and none OF them are 50
extensive as to Interfere with other firms
OF the same class. Expansion in this re-
spcct is worthy OF note, as it tells Il story
of increased trade.
Along with the building Of the bust
ness blocks may be counted other struc-
lures. such a churches, residences. an
armory, commission houses and the
planning OF mills and the building OF
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30

city thorough draining. Plans Tor this
work are now under way and when all
the work now contemplated is finished,
North Yakima will have higher stand
ard in this respect than any other city Of
its size III the northwest.
Irrigation must be relied on to till
the soil Of this valley, with the exception
OF the district known a. Horse Heaven
which is now devoted wholly Ia growing
wheat. Without irrigation the land on
which fruit and other produce are raised
would be practically worthless. With
water right land costs from $50 to $500
per acre depending on the location. The
price ri water ranges from $40 To $25 per
acre and in some instances it j. a. high
a. $50. The average annual rental paid
Tor water i 81. In some instances farm
"rS rely on cooperative canals Tor water
in which the cost is not always 80 high.
North Yakima l. blessed with excel
lent schools and churches. Every de-
nomination almost il found among the
churches. The Catholic are the pioneers
in this work. The priests of that de-
nomination came here a. early as 1853
and prosecuted among the Indians. and
as soon a. the white man made his adj
vent into the valley the Methodists and
Presbyterians came and established
themselves. The Baptists, Christian.
Episcopalian, Lutheran. Brethren or
Dunkard, Mennonite, Christian Scien-
lists and Adventist are here with large
memberships.
There are now three public school
buildings in the city, to-wit High
school, Central and Columbia. and an
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30

ington, ii not the largest in the state
west Of the Cascades. The plant is To-
Gated in the northeastern part of the
city and when completed will employ
about $50 men. The output of the plant
will be finished lumber, rough lumber
shingles, boxes, doors and sashes. This
company owns enough lumber in the
mountains near Easton to keep it run
ming for an indefinite period. The tim
Der will be tloatcd down the Yakima and
put into a large pond built by the COM
pany this summer near the site Fl the
proposed mill, and a> soon as material
can be placed on the ground the erection
of the buildings needed for. the plant
will begin.
There are other things in contemplate
ton by the men at the head of this con-
Germ that will mean much To Yakima,
but a. their plans are not yet all COM
plete nothing of what the business is can
be given out at the present time.
In the city something like $50 900 has
been spent in the last year for munich
pal Improvements. Yakima avenue was
macadamzed for four blocks through the
business district. Front street and First
were ais" similarly improved for four
blocks and work ON Second is now under
way. \ number of streets have been
graded and several others will be graded
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30
YAKIMA VALLEY AND
CITY OF NORTH YAKIMA
EnergN is Characteristic of the
People and Prosperity
Is the Reward.

Wonderful strides in development
have been made in the Yakima valley
in the last two years. Energy is Il char
actcriStic OF the people and prosperity is
the reward. In these two sentences is
the sum of the situation, and conditions
portcnd Il continuance for some time to
come.
From the slough OF hard times, by
which depression followed fictitious
value OF property, the valley has
emerged Titan-liIr, through the natural
developing forces within it, and now
rests on foundation unshakable to the
winds and storms of adversely. These
elements that combined once in the
country's setback have been the very
means ri rescuing it, a. from this condi-
ton Is drawn the inspiration that fore
tells continued stability and perma-
nency that cannot be undermined
The energy and iaithfunesS OF the
people have been the factors in its up
building and expansion. The strides
that have been made would nut to blush
commuujti IS more iavorlblv IN
arid country has been turned intoa great
productive garden; sage brush land once
held To- be worthless has b'.n brought
under the fostering care of the hu,baud-
man: IRRIGATION canal, of considerable
sizr and costing more than the value ot
farms in some states divert { lu water of
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30

barns and warehouses. During the last
wear moro lumber has been sold hv the
North Yakima dealers than was used in
the same period by Spokane. One firm
alone, it i, said, had greater supply in
the yards than was kept by any one firm
in that city. and still the demand could
not be supplied owing mainly to the dii-
ticulty in shipping it from Sound points.
This great supply OF lumber was distrib-
uted throughout the territory tributary
to this city and the city alone. Besides
this the freight receipts at the Northern
Pacific station here is greater than for
the same road at Spokane. This means
a great volume oi business.
In the banks there are drpo,itcd now
S3oO.ooU more than AT the same time last
year \ year ago the banks showed "a
deposit Of 81. POO 900 in round numbers.
From this j. CLEANED an idea Of what
the people have been doing, Of their
prosperity, their thrift. \ new bank
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30

commodation of pupils it will not be
built this year.
The dairy interests in the Yakima val
lev are considerable and have more than
doubled in the last year. 1t Is estimated
that this valley is now capable of pro-
ducing 1000 pounds OF butter per day,
and it is predicted that within another
year it will be greatly increased. The
number of dairy herds have increased in
all parts of the valley. Alfalfa is cheap
food and grows here i'll great quantities.
Its production is still increasing and
with it, increase will increase the dairy
business also. There are wocreameries
here now and third one l. about COM
plcted with Il capacity of something like
1000 pounds Il dav.
The breeding of bloudcd stock i also a
growing business and must necessarily
grow with the growth uf the dairy indus
try. sheep are raised on a large scale,
there being about $50 900 credited To the
shecpmcn of the valley. This business
brings in great deal OF money to the
growers OF hay and many others directly
and indirectly interested.
Taking everything into consideration
the valley OF the Yakima j. most desir-
able place for the Industrious man or
woman to live in, and the city OF North
Yakima cannot be cqualled a, Il place
for the homes Of all classes.
FRANK :. FARQUHNR
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30
MOVED AROTNnI

from the Northern Pacific station dur
ing that year was about $500. 900. This
estimate is made on the car load lots.
Something like 5000 car loads of all
kinds OF produce. cattle, sheep, wool and
hops were sent out OF here. This repre-
SCENTS an increase of almost - per cent
over the year 1900 This year the ship
ments have been keeping pace with last
and before the year is out will surpass it,.
About 5000 acres are devoted to fruit
culture in the Yakima valley. A. the
fruit grower expects about 10 tons to the
acre the total number Of tons. produced
on the orchards would be 10000. This
means immense sums to he distributed
among the people. both H. raisers and
employees. The potato income for last
year amounted to nearly 100000 and
hay about the same sum. This year the
price of potatoes is lower and consc-
Qucutly the income from that source
will not be 50 large. but the deficiency
is made up in an advance price for hops
and hay. And then taking into consid-
Grafton the big increase in acreage in all
lines of products it can be seen that re-
turns this year will be much greater
than last.
Last spring nearly 10000 fruit trees
were planted by the farmers throughout
the valley, and many districts that had
not been considered extra good for fruit
raising were brought within the list. 1t
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30

Ina, been added to the list, making three
all together Back of it are men Of intlu-
rnrr. wealth and standing in the COM
munity, and men who have made their
wealth here. This also, tells silent
story.
~ the season OF 1902 i, not vet over
and the harvesting not all done it i, dif-
iicult to tell what the products OF the
farms have been, but when all the crops
have been garnered or converted into
the specie OF exchange the sum total will
be enormous, and much greater than
last year. 1t can be said that the re-
turns from the farms for 1901 were
greater than for any previous year in the
history Of the valley.
The value OF the products shipped
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30

will take from three to four wears for the
new trees to begin bearing and in the
meantime the land will be cultivated
and made to pay Il big profit.
During the past six months building
operations have been on Il scale unknown
! in the city's history. Sixteen new bust
ness blocks have been constructed and
are under way. Among these buildings
are the Odd Fellows temple that cost
/ $l5, 900 new Otter building, $4,000, and
( the q. \. Fcchtcr building adjoining,
/ 81 900. The other, are Frank Shard-
/ low. $l2 900: c. p. Wilcox. $4,000: b
/ +. Pickett 81 900 +. Noll"ttc, 5000 .
A. u. Sloan, $1,000 \. II. Johnson,
addition to hotel. and other improve
mcnts, $4,000; McnnoniteS, $500 :
George Glazicr, 81. 800; Thoma, Lund,
( 90 800; Andrew johnson, $1,000. The
new building Of George Wilson will cost
$l5 900 and the improvements to the
W. +. Dudley building, $1,000. Added
to this list is the Presbyterian church
now under way that will cost when com
plctcd about SIP, 100. The total cost OF
all these structures will he about Sl3l.-
/ 600, or almost equal to the cost OF all the
business blocks and residences erected
/ last wear.
The new residences that have been
built since last winter are So ;" ferrous
| that it is impossible to note them all
here \ walk about the city will con-
vince anybody that in this respect there
has been substantial increase. Some
More than score OF such homes have
been established. besides hundreds OF
beautiful cottages and smaller modest
buildings. Residence property in all
parts OF the city has been in great de
mand. Building lots that sold year
ago for 800 are worth double the price
this year, with prospects that new addi-
tionS will be necessary to meet the grow
ing demand
Mob Hill. destined To- be- the future
residence part OF this city, has grown
wonderfully in population, and over it
large fine mansions have been erected
besides a number OF cottages. Much of
the land in that district has been subdi-
vided to meet the growing demand and
it i likely this will continue till it be-
comes a city almost itself \ new s. 900
school honse was built this summer, and
it j. noted that in one section rs families
are now living prosperously. This
shows a tendency towards smaller land
holdings, condition that is welcomed,
for it means greater number OF people
to till the soil and take part in the val
leys development.
There is another factor that will come
in for a share OF the credit for stimulat-
ing the growth OF the city, perhaps in a
more rapid way, before very great per-
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30

and one for young men under the charge
of the Catholic priest. The school pop
ulation OF the district is over 1900 and is
growing right along with the steady
growth OF the city. New public school
buildings will be necessary before
another year rolls around. The district
could use one now, but as temporary ar
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30

additional school will be held this winter
in, the old Baptist church .on North
Third street. THERE'S also Il parochial
school under the .chargc'o the. Sisters.
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30

iod of time. 1t il the new industry UNI
der way known a. the Cascade Lumber
Company. This firm is building the
largest lumber plant in central Wash
The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1902-09-30

DIR. +. p. Heliker, Physician and Sur
geon, Clogg bldg. City and country calls
promptly attended to. Office phone,
30l residence phone, 1921. 26-tf
Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-10-25
''UNDER TWO FLAGS"
Improvement Shown in Last Nights
Performs ncc-Matincc To-day

Manager Giffen, who probably more
than any one else recognized the short
comings Of the opening performance of
Under Two Flags has reason to con-
graduate himself upon the very great
Improvement evidenced last night. I'm
der his own direction rehearsal was the
order of the day yesterday. and the good
effects were everywhere visible.
Miss Adele Block. the leading woman
of the company. who unfortunately does
not appear in Under Two Flags" wit
messed the work of her fellow members
and appreciated the opportunity greatly,
1T seemed. Miss Block is a Very hand
some and attractive woman, and Mr. Gift
fen should have given Richmond a chance
To meet her" Quite number of Rich
mond people were in Norfolk last week
and saw the Giffen Company in The Chris
tian. 1t seemed to be everybody'S opinion
that the present company is the best with
which Manager Giffen's name has been
connected in the South.
Matinee and evening performances Of
Under Two Flags wiR be given To-day,
closing the company's present engage
ment A tour of the Leath Circuit follows
and the company will return to Richmond
November 10th.