davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1907-09-17
EXPECT COPPER RISE.
CONSUMERS ARE SHORT.
Another Reduction Fails to Increase
Sales Materiallg.

Phelps Dodge {. Co yesterday followed the
ton taken by the United Metals Selling Company
last saturday. and reduced the price Of copper to
16l2 cents pound. 1t reported some small sales at
that level, but a member of the company said the
cut had added feature to the Seuation III
the trade. and that even if the price were cut 10
eight cents tomorrow he did not think the com
pany would get orders for pound more than II
would if prices were maintained at the present
level. He added: 1T IS waiting game, put l
think the situation is coming TO a head. Coh-
surners unquestonaby short of copper ana
their hand-to-mouth buying of the past summer
cannot last forever. BY October orders Tor copper
VIII undoubtedly in large quantities. anu
within six months. when monetary conditions ease
and when money gets cheap again, look for an
unprecedented rush to buy copper. which viii make
the present price OF the metal look absurd
The quotations on the New York Metal Exchange
were oue-fourth of a cent lower all around yeSter-
day Lake was 15s4c to 16l4c. electroytic i5i4c to
15a4c and casting 15l4C. Actual sales were
reported yesterday by independent producers a.
151a cents pound. and some of the latter SdIu
they were glad 10 do business on that OASIS anu
that they believed considerable buying power would
ne manifested at that The general opinion IN
trade circles yesterday appeared to be that 'here
would be no further decline unless the Hldihe'
should be forced absorb large quantities OF cop
per on which heavy advances had been mace pS
the banks There were some. however. who thousht
the price would go lower still one important pr q
ducer said he thought it would probably reacn 10
cents. but that it would not go below that hsuIe'
one Of the largest independent producers said; |
think the market is fast reaching a pdSts
where the producer and the large consumer may oe
able 70 do some business. There can he no DOUBT
that the largest manufacturers will have 10 come
into the market Tor supplies before long shere
have been almost no new contracts made for the
last five or six months and while there has been
a heavy falling off in demand which enables the
manufacturers TO wait long while before OBTAIN
ing new supplies I think now that some on 'he
hest manufacturing interests beginning to take
notice and will come into the market before long
While I cannot tell positively what developments
the next month Will bring forth, shall he very
much surprised to see the price OF copper metal
established below Is cents
Advces from the Amalgamated copper COM
pauy's mines In Butte. Mont. were that the 0In-
Gals there admitted that a complete shutdown had
been ordered by the New York office. but that the
orders were suspended at the earnest representation
of John D. Ryan and John GiIlie, and that the
matter would be considered ty the board OF IL
rectors this week In the mean time the dlsp7tch
added the policy OF restricting the output was
being carried vigorously.
New-York tribune., 1907-09-17
TRUST COMPANY IN NEW HOME.
Big Task of Transferring Valuable Secur
ties Accomplished Without Mlshap.

The removal Of the Offices Of the Trust company
OF America from its old home. No. 1s5 broadway
70 the new headquarters at No 81 to IS wan
street which has been going on for some ume'
ended Yesterday when the new Offices were opened
10 the public All day yesterday there was
stream Of visitors 10 the new home OF the COM
pany, and there many complimentary re-
marks On the new building IT Is or white maroie'
with the upper stories OF red brick. and was de-
sgned by Francis Ii Kirlble. In construction the
interior IS Of white Alabama marble, with tne
fittings and screens in bronze. The whole interior
of the banking room is OF Renaissance design
while the furniture, desks and wood trimmings
ere Of sod mahogany The floor of the main
roora is rnogaic white and Gull red. made stateiy
BY the absence of pillars Of any description
The work of transferring the bulk OF the BOOKS
tie concern was begun Saturday afternoon and
was continued until early yesterday morning. The
moving entailed the transferring OF securities val
Ted ot more than $loco0e.ooo through the streets
! b9i 1t WAS GooeupiishSd without uisnaD.
New-York tribune., 1907-09-17
BOND SALE.



Sealed proposals will be received BY the City Clerk
his Office in the city Hall Building corner OF Main
and Mechanic Streets. to s O'ClOck Tuesday,
September Il. 1907. for the purchase % all or any
Of $4,000 90. Registered I'VE cent Fre De-
Bonds. series OF 1907 OF said City OF o %
dated September Is 1907 and maturing s. 900 %
day Of May 1917 and s5.000O0 on the hTsr
day Of AMI every May thereafter Interest pay
annually the first days OF November and
May principal and interest payable az the 0cs OF the
City Treasurer.
Each proposal must be accompanied By a certified
Incorporated bank trust company II
the state OF New for So 0O0. payable 70 tbs
OF the City Treasurer OF the City Of New Ro-
CheUe-
will be engraved under the supervision % and
certified their genunsuess BY the United states
and Trust Company. Including the opinion
of Is validity
No bid OF less than par value OF the bonds viii hs
considered Bidders must the printed form or
proposal furnished by the Undersigned Accrued IN
terest paid the purchaser. and delivery viii
- made the Office OF the city Treasurer IN New
Rochelle the 25th DAY cf September, 1901
The right reserved 20 reject all bids
Dated New Rochelle. y Y. August % Is0t
CHARLES KANNERNEYER. City Clsrk
New-York tribune., 1907-09-17
DEVELOPING ST. JOHN.
Nezc WharUes Intended to Take
Trade from Portland.

CT John Y B. Sept Il CSpeciaD D-St John, the
Canadian winter port. Is entering a stage OF
development. the most important in its history. and
the outcome Of which will doubtless materially
affect the volume of Canadian business now pass
ing through Portland and other American seaports
during the winter months.
For the last eighteen months the city. already
heavily burdened by debt. has been going ahead
with the construction of wharves. looking TO
the adoption of a policy of naturalization by
which the harbor works will be purchased and
maintained by the federal government. The city
has undertaken build four deep water
wharves for the accommodation of the largest
liners. One of these wharves is almost completed
another Is in course construction, and dredging
contracts have been awarded and work begun for
the other
Up TO the present no well defined and far reach
ing plan has ever been adopted. All harbor exten-
sons has been carried in desultory manner
as the necessities of traffic have from time to time
demanded Recently however. harbor commit
tee consisting of competent business men, lnciuo-
ing William Pugslcy was organized to prepare a
rIan and a certain amount of preparatory "olN
has baen accomplished. Within the last few Gays
Mr. PugsIey has been called to the federal Capihel
70 administer the Department OF fuplc
Works the most important spending dePat 'ii,eii' ,
IN the government His office is parucui"I
y, valuable 10 st. John at the present 1uhctufe'
&C II fs hv the Minister of Public Works rather
.h ~. the Minister OF Marine that haroor
-o-l,s arc ordered. Mr. Pugsley, as aScitlzeh' ap-
rrociates the Importance of proper equipment al
This mort He has. from his experience on the
berbor committee obtained accurate and techhlcdi
iIadgo Of the requirements. and in his new
Office he will he able TO carry out the scHe'he u
extension previously advocated by him
Mr PugsIey has come to St John with Chiet
Engineer La Fleur and has had an Inspection OF
tho barbor made He has promised that the per-
facted plan OF extensions, which may be prepared
~. The committee will he embodied in bill 10 De
introduced by him in the next session or feaerai
Parliament.
When it Is considered that the winter traffc IN
St John has increased in ten years from nothing
10 s23 90 00o and that there have been so rev
berths that vessels could not at all times ma ac-
coumodation the Importance of largely Increased
facilities will be recognized. Within the next TWO
years St John will he in position to accommo-
date three times as many ships as II does To-Day
and there IS doubt that business Will increase
proportionately. Much that should come to ST
John, but is now forced TO Portland, VIII he di-
verted to this port.
New-York tribune., 1907-09-17
RuSINESS TROUBLES.

The following petitions in bankruptcy were filed
yesterday with the clerk OF the United States Dis
trct Court:
The Mohican Springs Company, Involuntary, Dd-
vid g. Ball. president. Debts. sle5,999 S0i,S6s
cured. assets. S2244SS: Real estate Fairfield Coun-
~. Conn $59S00; cash hand SO; stock in trade,
Slg162: horses and wagons, $500 machinery, S2SVl;
due accounts. $I26S insurance, $l2.S75 and cash
in bank, s.. Principal secured creditors: Amzi
DOdd SU.Jo0; DR.. w Ackerman Coles. $3.50. with
bonds. The total issue of the corporation is
10000 secured by mortgage all assets. Princi-
pal unsecured creditors: AmZi Dodd $SS,s00 cash
advanced; Grifhagen Brothers. S3.729. The corpora
also the Mohican Springs copyrighted
trademark, used spring water, ginger ale, soda,
lithia etc, the exact value OF which is said
20 be unknown.
Levy & Friedenthal New York corporation.
makers of clothing at No 1H TO 1S5 Spring street,
involuntary. Creditors with claims: Simon Eisen-
berg & Son. s208: Henry Brin. sHo and Thurnauer
& We'll, $345 Transfer of assets alleged. John
CIruenberg receiver; bond 5000
The John V Signell Company New York
poraton builders, involuntary owning improved
property. which includes the entire block bounded
by l43d and Hath streets, Broadway and Hamilton
Place, and u building at Claremont avenue and
127th street. Creditors. with claims: Thomas j.
Ferguson $500 Joseph Flanagan, S2.9I5; John
Moss 500 Execution of mortgages while insolvent
and the transfer of assets alleged. Lawrence b.
Cohen, receiver. bond $4,000
lie Roy s Gore was appointed receiver of the
business of Israel Poulson. restaurant. No. 663
Sixth avenue involuntary bankrupt. with a bond
of 81 eco.
New-York tribune., 1907-09-17
DOMINION COAL LOSES.
Judgment for SIS 900, 900 an FdJ0r
Of Steel Company.

Halifax. Sept 16.-Justice Longley, Of the
Supreme Court OF Nova Scotia, tonight handed
down decision in favor Of the plaintiff in the
action brought by the Dominion Iron and Steel
Company against the Dominion Coal Company
for the recovery Of S15.0o0oD0 damages for
breach Of contract in not supplying coal suit
1ahle for metalurgical purposes Justice Long
ley. concluding a long decision, says:
think as a matter of fact. that the contract
OF October 2o. 1913 its face, is contract TO
suuDlv coal TO the steel company for the purpose
ef operating an iron and steel plant. 1 do not
have 10 read into il any implications. / have
onlz- "a make The necessary and inevitable de-
duction that coal TO operate iron and steel
ulaut must he coal with which such plant can
be operated for the object and purpose OF the
coal contracted for are expressly stated in the
contract Between November ! and = the coal
serruanv furnished in large quantities coal not
reasonably free from stone and shale- and in
car,a bic Of operating an iron and steel plant, and
while they were mining plenty Of coal III for
such purposes. they failed 10 furnish sufficlellt
quantity OF such coal to meet the requirements
Of the contract
breach Of the contract and is responsible 10 the
steel cornrany for aIl the loss and damage
which result from this breach ! thlHk the
steel company was justified in refusing TO take
in large quantities the unsuitable coal TurlllShel
iv Tbes coal company between November 1 and
November . and that such refusal did not con-
stitUte breach OF the contract
think the contract IS still in operation, and
--e-redv in this case is the issuing Of a decree
recurring the coal company 10 perform the
terms of the agreement | am not unaware or
the difficulties which such a course might pos
rlh1v- ir1z-oIve but 1 think the court has ample
power 10 enforce such a decree by tne appoint :
fnent Of a receiver If any attempt was made
70 evade performance
The defendant company will probably appeal
n ere r,TI bench Of the Supreme Court of Nova
Scotia which will meet on November 49,
New-York tribune., 1907-09-17
BOND SALE.
TUTN OF

CITY OF NEW ROCHELLE. y "
Will Be received BY the city Clerk
~ his office in the CITY Building OF Main
and Mechanic Streets. up o'cOck Tuesday,
September 1907 the purchase Of ali or any part
or s15OOo0o Registered i've Per cent Assess[lsnS X
Map Bonds. seria 1907 0T said CITY OF S1OO0Vo
each dated September 1907 and maturing 5000 60
first day OF May. 1917. - 900 90 On the 1rsc
dav Of 90 the hFSr
day May. Interest payable semi annually
the first DAYS OF November and May. principal and In
terezt payable at the Office OF the City Treasurer
Each proposal must be accompanied by a certified
incorporates bank trust COMPANY IN tbs
state 81 900 90. payable t. the order
OF the Treasurer Of the City OF New Rochelle
engraved under the supervision OF and
certified as their EenuineEeSs b. the United states
Mortgage and Trust Company including ts opinion OF
counsel a o the validity
No q value Of Ehe boEdS VIII
COZ Bidders printed fcrrr OF
furnished by the undersigned Accrued N
by purchaser and delivery VIII hs
made the ONCE OF the City Treasurer N We"
Rochelle on the 25th day OF September, 1907
The right Is reserved 70 reject any Or al BIOS
ed Nev Loeb y Y
T-F4SFT Z B4sfyFF,RNFEYF,R. city Clerk
New-York tribune., 1907-09-17
JAMES B. HAGGIN BRINGS SUIT.
Seeks to Recover 800 He Says He Paid
for Misrepresented Coal Stock.

James F. Hagein has brought suit against Fred
ersck I. yathez Of No. . Broad street; John w
Cssilear of No 80 Broadway. and Andrew Nc
kinney ccmprisfrg the firm Of Andrew Mckinney
& Co; Solomon l. Simpson OF No. 2s1 West 18th
street: James sicNaught and Joseph ID. Reddng, to
recover $3.50
lie alleges that the defendants Jointly and sew
erally on May = 1900 entered into a contract With
him by the terms Of which he purchased $50
shares OF the capital stock Of the Pennington Coal
and Coke Company at SO a share, the defendants
guaranteeing him against loss at that price, ana
also that the stock would have a market value of
IS a share within four months Their promises did
not prove true
Alexander s Green. attorneys for Haggin. OBJ
tained an order from Justice Guy. IN the Supreme
Court, yesterday, directing the service OF the s-
-o,s sn5 cornnlaint on the defendants Casiiear,
Msthsz and Simpson by publication. the others
having been served by the sheriff
New-York tribune., 1907-09-17

laws Of Texas will probably increase the cOmpany's
taxes by 5000 900 year.
In discussing the general interests OF the COM
pany President Joline says. I'm part;
"The demands of labOrers have imposed a serious
burden upon your company In common with the
other railways OF the country During the last year
wages have been increased TO such an extent to
add almost half million dollars your conpany-s
yearly payroll and IL Is felt that IN complying
with these demands the limit has been reached
There is urgent demand for shorter hours. which
cannot possibly be granted in certain branches Of
the service The labor unions have also insisted
upon Incorporating into their wage agreements with
the railways rules and definitions respecting the
discharge OF their duties and the scope of their
employment which are seriously detrimental TO the
efficiency OF the service and frequently prevent
esSary cooperation among employees"
New-York tribune., 1907-09-17


The gross earnings per mile were S.52S against
ssa53 in the preceding year; the net earnings per
mile were g. 10, against s., ,SSS and the ratio OF
pense 10 earnings was 675 per cent. against 72.s5
per cent in the year ended June 80, 1906 The COM
pany is free floating debt. Operating
penses and taxes We're s17,S75,45O. an increase of
81 26O 9B5 in great measure to the high cost Of
material and supplies and the increase in the rate
of wages of employees.
Describing the physical condition OF the road and
the equipment President Joline says:
During the year material progress has been
made IN the work of improving your companys
lines of railway. New So pound rail was laid on
ls miles of track and 160 miles of track We're bal
lasted. Embankments were made standard width
on Y miles. and ditching completed on 3S2
miles of road. sixty-eight miles of side and yard
tracks were constructed. The work Of reducing
grades has been carried on vigorously and WITH
out intermission-
seYour cornpany has found il impossible TO in
crease its equipment in ratio corresponding 70
the increase of it's traffic. notwithstanding the large
additions which have been made, particularly dur
ing the last five years. In the fiscal year OF ISo-
1907 it has received from engine makers and car
builders 35 locomotives, $500 freight cars lO con-
vertibe ballast cars. 10 chair cars. 10 baggage cars
tank cars and officers car. These have been
paid for out of current earnings and first and re-
funding mortgage bonds have been delivered 10
your company TO represent the expenditure con-
tracts were made last January for delivery during
the present calendar year OF IL locomotives, II
passenger cars and 60 freight cars, TO cost ap-
proximately s1.ol40oo. These are purchased TO re-
place destroyed equipment Contracts were also
entered into for the purchase or 10 locomotives,
1000 box cars and 1000 gondola (coaD cars for de-
livery during the present year. to cost $4,000.
The report describes In detail the railroad legis-
lation enacted in the last fiscal year by the states
and territories traversed by the Missouri Kansas &
Texas. The annual loss to the company through
of the laws passed by the Missouri legislature
estimated at S230.000. its loss through similar
enaetments in Kansas Is expected to be about $780,
600 year, and losses Will result from new laws in
Arkansas and Oklahoma, while changes In the tax
New-York tribune., 1907-09-17
OMAHA.

The Chicago. 81. Paul. Minneapolis & Omaha
Railway Company reports for the fiscal year end
ed June 30 last. compared with the previous year,
follows: Gross earnings $i4eS5.309 increased 81
oS 559 operating expenses Ss97sG14 Increased 81 SD
665; net earnings s505S95. decreased Sc 10S: fixed
charges and taxes s213.oSf. decreased S5419s bal
81 SIS 234 decreased STA s0T: dividend preferred
stock. per cent. Ss7.s76 change: balance s.
o55.5s. decreased sl74.s07; dividend On common 7
per cent. 81 SS s6. increased SCI: surplus s56 34s
decreased s74.S3s: previous surplus s26f1520 In
creased 1881 $50; total surplus s3ss7 sS2 increased
s56.S42 From the surplus IN the previous wear
s60ooo0 deducted for construction and improve
ments, that the final profit ana loss credit for
the year 1907 is $50 .sss. increased S75Ssa
New-York tribune., 1907-09-17
GEORGER HEARING POSTPONED.
Judge Grants Delay in Case of President of
German Bank of Buffalo.

Buffalo Sept. 16.--When the case Of Eugene A
Ceorger former president OF the German Bank. OF
this city was called in the Supreme Court at Al
bion to-day. Henry W. Killeen. who had been ap-
nointed by Attorney General Jackson to prosecute
the case asked for an adjournment for two weeks
He said he had not seen any Of the indictments
Mr. Shire the attorney for Georger. objected TO
the appearance of Mr.. Kileen in the case because
of his connection with bonding company, one
Of tbe largest individual creditors OF the German
Rank The court refused to entertain the objec-
ton but granted exception. Then post
nonereut of three weeks granted.
New-York tribune., 1907-09-17
G. NJ sCHoFIELD COMPANY FINED
Pleaded Guilty in Philadelphia to Infracting
Federal Eight Hour Law.

Philadelphia. Sept. 1s.-The C. NJ. schcheld Com
pauy government contractors, witn headquarters
In New York. pleaded guilty before Judge Holland
in the United States District Court to-day TO the
governments charges OF violating the eight hour
labor law Judge Holland. in passing sentence, said
that as IL was not shown that heSSchofeid com
pany Intentionally broke the laY he would
impose a maximum fuo FOR one onehce. although
tho Indictment consisted Of l45 counts He then
sentenced the defendant company to, pay a fine OF
ST. 900 and costs.
The charges were brought In connection with the
Yard
New-York tribune., 1907-09-17
WATSON G. CO. MAY RESUME. SOON.

The assignee OF Watson & Co.. whose failure was
announced on the Stock Exchange last Tuesday,
said Yesterday that arrangements for the resump-
ton of business going satisfactorily, and
,bat as soon as out-of-town clients were
heard from the firm expected to be able to an
rounce definitely when business would begin he
denied the reports contained IN dispatch from Chi
caro that tho firm would pay 80 per cent of its in
sehtedness In cash and the remaining 50 per cent
,n interest bearing notes and that the New York
,ssce would be discontinued No statement of the
assets sud liabilities Las been made public aS yet
New-York tribune., 1907-09-17
Pubic Notices.
PUBLIC NOTICE
CITY OF NEW ROCHELLE, n. Y.
OF PARK IMPRON ENENT CERTIFrCArE&


SALE OF PARK IMPROVEMENT CERTIFICATES.
a in the city Hall Building corner o. Main
and Mechanic Streets. ur 20 O'Clock p Tuesday,
September II. 1907. 10000 Park Improvements
Certificates OF Indebtedness OF SlOO0VO each, 20 6s
issued pursuant Chapter so OF the Laws OF 1907.
OF the state York. The said ceTtncateS shall
be numbered consscutively from one 70 the hghesc
n bear Interest the rate OF
FIVE t5 cent? eentuTn per annun- and will bs
sold TO person. firm corporation offertDs the
highest premium therefor and viii be dated the ism
day Of September. 1907, and shall mature the 1st
day Of May. 1912 Interest the said certificates
Will payable the first days OF November and May
in each year
Each proposal must be accompanied BY certtnsd
check a National Bank Incorporated bank Or
Trust Company OF New York for sl,O000o.
payable the order OF City Treasurer OF the CITY
OF New Rochelle. such deposit be forfeited 70 the
City Z party parties whom these csrtfhc7tes
shall oe awarded shall fail TO take ard pay Tor tns
same fl accordance with the terms of sale
The certificates be delivered the Of1cs ot ths
City Treasurer Of the City OF New Rochelle Y Y on
the 18th iay OF September. 1907
No bids viii be received for less than par
Purchasers VIII be required 70 pay accrued fnteres
The Common Council reserves the right TO reJecr
all bids
The certificates viii be engraved under the super
vison OF ana certified to their genuneness 6y tns
United States and Trust Company, includins
the opinion Of counsel to the validity
Dated New P0CneIIa \ Y August % 1907
CHARLES kAINERMETEFs. CITY Clerk
New-York tribune., 1907-09-17
CHICAGO & NORTHWESTERN REPORT.

Chicago Sept 16-The annual report OF the Chi
cago * Northwestern Railway. issued to-day. shows
total gross earnings OF SIS SIS 800. The operating
expenses and charges were $50 13sSr9 leaving net
income for the year OF $l5.749600. Dividends
amounting 10 81 5000 were paid leaving a surplus
Of s. $50 lUe \ compared with last year. passen-
ger earnings were increased by $3.50 800 and freight
earnings 10y So $50 400 The increase in operating
exnenscs was & oar 800