davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1908-11-10
BurI,DING TRADE IMPROVES.
Contractors Say Increase in Cost Of Materials
Indicates Bright Prospects.

r7,,f1dfng contractors in this city said Yesterday
ono of the Indications Of improving business III
that trade was the increased price Of lumber and
other building materials. During the las year
building materials were low because Of the slack
demand President Charles A Cowen Of the Build
ing Trades Employers Association said that the
principal Increase in the building business was
outside Of this city, though matters had improved
here.
New York will be probably the slovest to re-
-,,rarata he said because the business depres-
sion was felt in other places before 1t became
acute here but from cur friends in other cities we
receive reports that steady improvement has set
in l believe that if the plan of the building code
revision comr1ittee Of the Board Of Aldermen 10
limit the height buildings is put through, there
Will he better times for the building mechanics
ndependent of the passing of the business depres-
sion
The present plan Of utilizing the ground by
increasing the height of buildings tends 10 keep
the buildings in narrow strip going north and
south and increases the cost Of the sites enor-
r7ousIv II the height is restricted the owners
will have to branch out east and west 10 get
the ground which will the prices Of the build
Ing sites
New-York tribune., 1908-11-10
PETITIONS IN BANKRUPTCY.

The petitions in bankruptcy fled in the United
States District Court yesterday were:
Daniel J. Lippmann. cigars No 2209 Broadway.
Voluntary petition Liabilities s22St 40. assets
s. 146 s. including stock worth 500. cash register
mouds and presses, $3.50 and debts due on open
accounts of Sl3 81.
WestchesteT Heating and Engineering Company
Of Yonzers y l., invoUn tarv petition by the J. I.
Mott Ironworks. Thomas r. Cushing & Co and
Michael J. Hanrahdn, Of Yonkers. claims exceed
S50O
Harry Cohen. general department store. No. tSS
Amsterdam avenue, voluntary petition. Liabilities
80 3D. %, assets SO a93 TO- including stock worth
80 500 tools and fixtures, 81 600, and debts que on
omen accounts Of So 81 The Bankrupt owes Ber-
uard 10th Of No 1s3S Amsterdam avenue S533 T.:
Weingarten Brothers. of No. 81 Broadway, S593 j.
Isadnra Morris, weistmakef. at No. 552 West
Broadway involuntary petition, by Leo Lesser
and others Claims aggregate SS1. Preferential
payments alleged
Discharges in bankruptcy were Granted by Judge
Holt to George II NewhaH, Henry 2. MCGOWAN,
Thomas H Boorman, A. NJ Jenks. Alexander
White Joseph Toch. Lillian G. Johnson, Abraham
HfrshheId August J. I<itz Samuel NARROW. James
Thornton Jacob +. Braun, Jonas Schon, Clark &
Co. Abraham J. Diamond and Jacob Yat0wsky.
New-York tribune., 1908-11-10
AMERICAN COTTON OILS YEAR.

The report Of the American Cotton Oil Company
for the fiscal year ended Ag1st 81 last says thSt
in that period the permanent Investment account
was charged with S1os $50 expended for adGiliors
the properties representing real estate. cotton
ginneries. seed houses. etc. The account was
credited with sg2 30, amount realized from safes
Of real estate building machinery etc. leaving the
net charge of Si4211. From this there has been
deducted s2s24 being the difference from the sale
OF inactive properties The result IS an increase
in permanent investment account Of ST. .Ss6-
The report states that the properties have been
maintained in the past by the expenditure OF s9s
s53 Of which $43o 602 has been charged TO operating
expenses for the period and $ss.ool has oeen
charged against the reserve fund for replace
nlents The net working capital. OF the company
on August q last was s5 81 81 OF which S0s-otS
was cash in banks and S5529.257 was bills and ac-
counts receivable marketable products, "a" ma
terials and supplies. after deductns current IA
bffIss
New-York tribune., 1908-11-10
BIG DAY IN MARKET
Small Declines FolIou Exceedingly
HedUy Transactions.

The excited upward movement in the stock mar
ket which hid been in progress since the result OF
the national election became known was checked
yesterday. when. although rtha transactions were
the largest for any day in year and half. great
price irregularity developed and the close many
small net declines were recorded. The total sales
were 1899 754 shares and number Of issues
traded In was ls3. the same Friday. comparing
with the record Of ae1 issues on day in March 1901
As had been expected there was large accumu-
lation OF over-Sunday buying orders in the hands
Of commission houses from customers all over the
country but heavy the offerings by inter
ests which had accumulated their stocks long ago
and were content take their profits al these
levels and extensive was the selling by operators
who judged that the advance OF the last week had
been abnormay rapid. that opening prices showed
declines of p "a per cent in many issues ana lot
time prices continued to sag
Fresh buying developed before long however
many of the purchasers being men who had missed
the market Immediately after election and had been
waiting for moderate recession, and prices again
mounted the subsequent trading being a succession
Of fluctuations and the market closed rather heavy
The professional selling Of stocks was inhuenced
70 considerable degree by the adverse decision OF
the United. States Circuit Court Saturday IN the
case OF the American Tobacco Company. The com
mon stock Of that corporation. which is traded IN
on the curb. and two years or so ago touched 0lS'
sold on Saturday high $40 closing 585 bid ana
$50 asked. on sales Of 80 shares yesterday II
dropped TO 54s. rallying TO $50 at the close Inc
stock is closely held. and the selling was probably
by small holders, alarmed at the courts decision
that the company had violated the Sherman anti
trust Law. American Tobacco preterredr Whch IS
dealt ia on the Stock Exchange. declined SO points
to-e1 and closed at e3 net loss of 1ls points The
company's bonds declined correspondingly, but re-
covered about point each.
New-York tribune., 1908-11-10
CHICAGO GRAIN AND PROVISIONS.

F-nfrago Nov 9-Tsreraf urfra-- receipts Offset
higher prices FOR wheat ar European grain centres
and causs4 a steady tone in IRE local market a. the
close final quotations being unchanged 70 ~ 20 &c
higher. Corn and provisions were weak and cats
firm.
The wheat market was nervous al dav and the
volume OF trade vas no- large There was ucrls
strength Of the European 1-ar&efs' oI- Se.ilhs y
elevator interests soon caused moderate declines
This selling was largely dae 70 a heavy movement
espeTallv ir Che Northwest ard 70 an absence %
wheat Tho market. however az M time showed
auv weakness. support by several of the .sa1l1S
in- Continued lrv weather in the Ohio Valley ard
other sections Of the winter wheat belt inspired
point late IN tine Cev or FerinS oJ sols a-ll
prices N the close were unchanged Co -sr - &c
higher with nccorb-~ at 81 olss and Nay az 81 V-s
% 81 05t CIe5rsuces or wheat and -four were s3rai
20 $50 goo bushels The amount az 5readst;4-I on
ocean passage decreased l-lfeoP ouslriS tr-'-lttS
receipts were fioe,no1 bushels compared w 80
na1 bushels tza corresponding DAY year ago-
NinneapoIls DuI1tl and chicago reported receipts
n IIso cars. against LIS ears LAST week and %
cars year age
10 selling based or the Sove-nrlenr report V.-icA
estimated this years crop t0 b. ee"ehipF oUslies
in excess OF that % last year and w.-ch placed tns
,,,,s1f, ~ tha crop az Sc compared with S2S fo-
the same time the p-t-o..s crop Prices ralled
from tire how point owinE % buying oE s1orts. l,r
fbz market closed easy az net losses 81 hc 20 sc
10 1sC 90 lsc. Final quotations on December we're
s1s. and on MAY sr@.c. Local receipts were 20
cars with p or contract grade
.--s we've firm nearly asl dav because 81 buying
t, rssr interests Continued small receipts flI--
0iSaed the chief incentive 90 buy cash oats az the
Sar,rIe tasfrS we're steadv=to tac hgher. The Ha--
-sr closed frr7 with prices up isc ro isc- v-th De-
~a-rbs-- at sS3.c and SIay 50ASc 90 3J8sc- Local
receipts were lS6 cars
local longs were inclined % take PROFITS IN pro-
visions aviuz- 20 q I5r decline iu live hogs. and
yxi.h uttc support lEe market was weak All day
Tie break in hog prices was cue % eN'rea'eiy is-
ersf receipts at an Western packing centres As
H.. close prices we've shade 70 SC % ''ac lower
F,stin1atrc receipts fo~ tomorrow Wheat 50
hksS
New-York tribune., 1908-11-10
MISSOURI RATE HEARING BEGINS.
HadIey. After Campaigning
Trip, Speaks as an Expert.

Kansas CITY. Mo Nov. a-Representaiives OF the
eig5,fze7 leading railroads operating in Missouri
- tofo-. Federal Judge Seth Mcpherson
b.-a to-day and began presentation OF evidence III
.,lDp-rt Of their contention that the railroads are
unable 70 operate with profit under the --eeht
,,asSenae~ rate and the maximum freight laws
rasse5 bf the last Legislature The State OF Mis-
rourf the defendant represented ~ HerDeIt
t4adfe,, Attorney General and newly elected
Governor of the state.
A general presentation OF the railroads case maze
to-day showed that seven of the railroads lhFoiFeu
had lost none through the operation OF the law III
question while the earnings Of the other companies
had been materially If not seriously. reduced
Attorney General Hadley's statement fer the STATE
was brief We agree said Mr Hadey. that X
costs railroads to handle the state freight
business than Interstate freight business, but
the railroads more than make up FOR t1ts IN an
othe- direction. The state passenger business i
much more profitable than the interstate business
ON ihe longer hauls tie passengers as smaller
rate q nlile. and the equipment the interstate
5a ssenger trains is much more expensive Than on
the local passenger trains within the state"
New-York tribune., 1908-11-10
MAY LEAVE IR0NT0N
HolIins Interests and Ramsey Com
mittee Plan to Segregate Ann Arbor.

The Holiins interests in the Detroit. Toledo &
Ironton Railway and the collateral trust notehold-
ers' committee of which Joseph Ramsey, IT, Is
chairman have reached agreement. IL was an
nounced yesterday. outcome OF Which the
Ann Arbor Railroad may perhaps be segregated
from the Detroit, Toledo & Ironton- The ramsey
committee holds majority Of the S.5taDo coiiat-
eral trust notes. which were issued for the purchase
Of the Ann Arbor road, their holdings being IN
derstood to amount 10 S3seoeN9. against SL7oe0o
controlled by II. B. Holins & Co and thelr as
sociateS; the whole OF these two blocks, o. prac-
ticay the entire note issue. to 6e deposited uhueF
the plan.
The notes are secured by S5.2500oo stock OF the
Ann Arbor Railroad Company and @oVS"o CON
solidated mortgage bonds of the Detroit, Ioledo &
Ironton The plan provides that the Hollins IN
terests are to receive the s5e0eoo0 bonds ana the
Ramsey committee the 600 Ann Arbor stock,
For the purpose Of such exchange of interests
the value Of each note been arbitrarily asuIeu
to be se19 o. Of which 70 per cent has been as
suned as the value Of the noteholders interest
in the Ann Arbor stock.
For the purpose Of carrying out the plan the col
lateral security the notes is to be sold ptooaS
within three weeks, and the Ramsey cofiiiii-'te -
expected to bid in the Ann Arbor stock, possession
~ which would give it control Of that roao. The
agreement stpulates. however, that the Holihs IN
rerests shall have an option, running until January
% fG9e on he controlling interest IN the Ann iOoT
stock acquired by the Ramsey committee
The option price Is g $4,000. and if the Hollins
interests elect not to exercise their option te coI
Y7fttee is authorized TO sell the road at the same
,-fca ~ any, time within three years from Janu-
arv fs next If az the expiration OF thaL llHe 'Ie
stock shall not have been disposed Of, 1t Is to ne
ztstrfbrtad pro rata among the noteholders It Is
figured that the sale Of the stock for S5o"H would
net about 1906 for each note
New-York tribune., 1908-11-10
GET INFORMATION ON FARM LIFE.
Commission Holds First Hearing Before Start
ing Oh Tour of South.

Washington Nov. s-ConVeytng message OF en-
coura ager7en- from the President whose guest ne
v-as last night Professor L II. Bailey. OF -orneil
University chairman Of the Commission on Coun-
rrr Life IN an address to-day at the first Tearing
OF the commission, at College Park No disoSeu u
an erroneous impression that the body was named
b,, the President for the purpose Of nvest eating
the farmer or for tnquirns into the technical meth
DDS Of farming He said the commission object
vas to make such inquiries among farming people
as 70 determine the economic, social sanitary ana
educational status of the open country
Farmers from AL points OF Maryland in add
ZION 10 groups Of business men, ministers, teachers
bankers and others. were present Opinions as to
The present condition Of country life in Maryland
we're contributed freely by the farmers The con-
75tf, 1r farm homes the school training adapt
I'd 70 life on the farm. returns from the sale Of
rrolucts the financial progress made by the farm
rarants and labor conditions formed the basis
IF tho dfeoUS~iOrs
New-York tribune., 1908-11-10
1ACKAwANNA SEEKS INJUNCTION.
Would Restrain Interstate Commerce Conmls-
sion on Shipping Order.

-yr-=a-7 : Jerney- counsel for me 'ela"7ie
-=-.-z-ra--a 4 Western Railroad Company. as1ea
ts r.-fre5 States Circuit Court Of Appeals yester
- f7- ~ iriunCtton restraining the Interstate
gr------re Commission from enforcing an order
-s-f--r the company 10 change It's rules 70 snip
rf-x gents reIarlve to shipments Of goods rom
-.rr--z a- --e West the seah'aro-
TIE regulations Of rhe railroad require al foT-
7---55rE agents 10 specify eaca separate eonssn-
----- q goods and furnish the names OF the con
er-1- and c-rsienee. The Export ShlpFinE CON-
-.~r row in bsukruptcy- complained against ll-7
RE and rHe Interstate Commerce Commission s-7
-s--R he complaint. issued the order a5rogatlns
--- -zu-oad company regulation
NJ Fe-ray said il Was me custom ot The export
Er.,Fssr COMPANY 80 get together shipments from
f--e number q cons.Snors, sometimes from one
r-5-e5 10 one hundred and Cfty. having less man
-.-- -s-ras5 Estur-erts. ana combine them IN on"
-.- 4r eeraad rates saving the individual eoASlsl
r-- r-- 5lFe-euce between The carload rates am
re Tess sFan carload -strs.
p Ta-reu. rep~esertinE the Interstate com
-erae Commission. told The court that the OBJECT
o. me order vas 80 make The railroad accept
1eca- <c- r-sns5o--ticr according 10 the pilss'Sa
carload. AMI no- charge smaller shipper a large
---r and -osslhrv hold The car IN which his goous
err seed Until fuI carload was made up os
c-a=- shippers
Judge Larcrahe r,dd counsel that decision "eli-o
6e rendered before the order - the Interstate Com
r.z-e- Commission becomes effective, on Decen-
New-York tribune., 1908-11-10
STANDARD IN LIZA OIL FIELD.
Witness at Government Suit Hearing Tells Of
Suddenly Increased Values.

Ezr-s4-fr- what gave the Lima fghio) oil fields
tr0-- suddenly increased value and lts purchase
and storing - millions Of barrels Of crude oil
there as testified 30 on Friday. the Standard Oil
CarparF-s lawyers or the resumption Of the gov
e=lueut-s suit yesterday called 10 the witness
STAND I1- william Burton. q chemist, of Cleve-
lad
To- Burton testified that. when discovered the
Ina oils contained too much copper 10 be refined,
bit thst several years later ia lsss. ia company
with two other chemists. he worked cut a process
vitsh mace refinement into Illuminating oil posi-
bic Ccal in 1879 was worth in Ohio s. 75 a ton.
ard about three and half barrels Of oil e7ualled
tra cf coal as fue5. the witness explained THIS
gave the crude oil value Of about 70 cents
barrel ahich he thought q fair price. as the ccsi
q storing was about - cents and tie oil was
eougat for l5 cents barrel He estimated that IN
-As' the Standards subsidiary had Z.g"eJ9 barrels
q oil stored ia ths LiIs5a Ge}6s
RcEal I1tchhcid Oklahoma crude oil oD-
orator said the Prairie OIL and Gas Company
bought shout half ~ his product and said he
E@~s = this ceHHaus storing much fler5--
e9 Barrels Re said he hsd complaint 10 make
o. lis treatment Eg the Prairie company.
~ hearing viii be resumed to-day
New-York tribune., 1908-11-10
CORN AND COTTON
Large Crops Reported by GoUern-
ment Bureaus.

Washington. Nov. s--An average yield ~ 252
bushels of corn an acre and indicated total
production Of 26i2. ss7 coo bushels preliminary
estimates announced in the report of the Depart
ment of Agriculture to-day summarizing corn and
five other crops. The yield Of corn an acre In
1907 was 259 as finally estimated. and averaged
25s for ten years. while the production is com
pared with 2.592. $4,000 bushels finally estimated
in 1907 The quality Of corn is s5.9 per cent COM
cent. the ten-year average. About 81 per cent.
or Il 124 600 bushels estimated to have been in
farmers hands November l. against 45 per cent
13o,s950oo bushels, year ago, and a ten-year
average OF 45 per cent
There were 26.295 active ginneries and S199.TS2
bales of cotton gnned from the growth of 1903
to, November l. These figures. announced by the
and 6I2S562 bales at the corresponding date In
1907 2 80 gnneries and 69G62e5 bales in 1906 and
% sO2 ginneres and 6,457595 bales in 1905 The re
port counts round half bales and includes 149-
$40 round bales 1908 Us 7S5 for 1901 1874 FOR
1906 and 1S $40 for 1905. The number OF Sea Island
bales included is Is 495 1908. 1881 for 1907. 2T
for 1906 and 4s16 for 1906 The corrected figures Of
the quantity Of cotton ginned this season TO Oc-
tober is are 6.296 I66 bales.
AS figured by Henry Heinzer statistician Of the
New York Produce Exchange. the indication on
corn is for crop Of 900 bushels against the
October estimate of :. So. .2qS 600 bushels and the
1907 harvest OF 2.5s $40. 600 bushels.
New-York tribune., 1908-11-10
TO RETIRE CERTIFICATES.
Secretary Cortelyou Not to Call for Return OF
Denosits at Present.

Washington. Nov. 9.-Secretary Corfeiyou to-o@'
issued a circular informing owners Of the ohe-yedI
per cent Treasury certificates that they Will
mature and cease to bear interest on November -
1905. National bankz desiring TO MAINTAIN Ihelr
circulation secured by these certificates must rur-
nish other United States bonds not later than NO
vember %. National banks may retire their crcu-
Istion by authorizing the redemption Of the Ger
tiacates and the application of so much of the pro-
ceed- as may be necessary to the retirement OK
circulation based thereon
II IS understood that this action does not in
volve any immediate call national banks Tor the
return to the Treasury OF any part Of their present
holdings Of government deposits. Owing to the
redundancy Of currency. many Of the banks now
having Treasury certificates on deposit to secure
circulation viii retire SO much Of their circulation
as IS thus secured This viii relieve the Secretary
from the necessity OF paying out any cofSloer9O O
sum nt money at this time.
New-York tribune., 1908-11-10
STEEL TRADE SEES SIG BOOM.

-r- revival in The steel trade following the cleo
tion " NJ. Taft las caused rush of ore Snip
o,.s -t the lake ports and iron Will be loaded
55- and night this week al thirty docks on Lake
s,rerinr and Lake Michigan, while At the lower
1a,sa po-ts the r-ioadnG Of ore ships Is being
p;.Sned with the utmost energy.
--na United states steel Corporation and other
t.--,-s-- ~ts.I manufacturing concerns are in
rasirz the number Of their charters for the down
+l ~ lake ores to the end OF the season, and for
t first time ia sixteen months all the rolling stock
- ,Fe SteaI 'corporation's railroad from Lake Erie
- .t r,t,t-riIr- district, is being employed in
carving
New-York tribune., 1908-11-10
BOSTON BROKERS ASSIGN.
Bmnham, Bennett 6 Co., Stock En-
change BLENDERS, an Trouble.

Boston. Nov e.-The assignment of Burnham,
Bennett & Co. members Of the Boston Stock EI-
change was announced at the opening OF the board
to-day The assignment made TO Guy W Cox,
Of the law firm of Butler, Cox. Murchie & Bacon
Burnhaul Bennett & Co. Is composed Of Charles
H. Burnham. jr the board member; John z Gil
creast and Josephua Q. Bennett The hrrn mas oeen
a member Of the Boston Stock Exchange since 1901
and has Offices in the Board Of Trade building The
firm has no membership in the New York Stock
Exchange but has connections in that city
No statement of the firms liabilities was made IN
connection with the announcement Of the assign
ment
New-York tribune., 1908-11-10
BUY $4,000, 900 CITY BONDS.
Kuhn Loeb & Co. and Guaranty Trust Com
pany Get Per Cent Long Term Securities

Kuhn, Loeb & Co and the Guaranty Trust Com
pany have purchased s100oo.cD0 New York city one
year per cent revenue bonds. according TO an
nourcernent made yesterday.
It was reported a few days that the city was
about make Offering OF per cent long term
bonds but this report ,1lscredited at me time
The bonds sol Yesterday belong the same gen
cral class Of securities a. the S2509oooo which ma
tureI on November l. They are intended TO meet
the current needs Of the city and are among the
last Of a series Of issues pending the receipt Of
taxes.
New-York tribune., 1908-11-10
EXCHANGES IN CARR CASE.

The charges Of Patrick carr. until recently super
intendent Of the New York Dock Compauy's
wharves in BROOKLYN, that thousands Of bushels
OF coffee and grain had disappeared while in the
companys charge in 1901 has resulted in the Coffee
Exchanges request for explanations from that con-
Germ The New York Produce Exchange is now
becoming interested in the case because OF the
reported disappearance Of grain shipments during
the Boer war.
New-York tribune., 1908-11-10
STRANDED COAST LINER REFLoATEO.

A-erno-r, r l. Nov. 9-The Merchants AMI Mn
rs. , me steamer Dorchester, from Baltimore for
providence which aground in thick fos to-
.5sv On Southeast Beach. Prudence Island was
eoated bv tug and freighter with the rising
tide tonight. Her passengers landed after the
vessel had proceeded unassisted to her doeA Inc
steamer is practically unintured.
New-York tribune., 1908-11-10
ALABAMA FRANCHISE TAX UPHELD.

,rortron7erv Ala Nov. 9-Judge A =. Sayre. OF
.ba civ court ruled to-day that the new fran
cbiss tax on foreign corporations is valid and that
fbose railroads which are resisting payment have
no right TO recover the tax they paid under pro
81 F{a also held that the absorption Of certain
A5abar,a roads IN the past did not make do
nestle corporation Of the Atlantic Coast IAne-that
il is a foreign corporation and must pay the tax
The tax totels Jl500oo annually on the several
railroads.
New-York tribune., 1908-11-10
p & / 70 SILL MORE STOCK.

The Pittsburg & Lake Erie Railroad Company. it
was announced yesterday. will sell f5oao0eo stock
soon the proceeds 10 be used for buying equipment
and meeting the cost Of reconstruction work Inc
stock which is Part OF an issue authorized by the
stockholders in March 1877, when the capital stock
was increased from SO 600 to s3O0Oaocp VIII be
offered the stockholders At par 10 the extent OF
80 nar cent Of thetc holdLngs on Janua-y 2 next.
New-York tribune., 1908-11-10

Harrisburg Penn. Nov. at was announced
ters TODAY that the Pennsylvania Steel Company
&C racai,ed an order for % 600 tons Of rails from
- Atlantic coast Line These rails viii be rolled
~, the MARYLAND Steel Company at Sparrows Point.
Md Another blast furnace in the stee'ton plant
,sill he nlaced in operation in a few days
New-York tribune., 1908-11-10

>-o-so1,, Va Nov e-The American Cigar Com
--,,s I.rra sreunery factory in this city which
s5,f down some three months ago. resumed opera
+f,rs to-dav with q force of four hundred The
fo,ca will soon be increased 10 six hundred and
nossiblv seven hundred
New-York tribune., 1908-11-10
PROSPERITY NEWS NOTES.

r,,-,,i,i,rbam. Ala. Nov 9-Iron buying in the
southern territory continued in great volume to-
cav. most If the business being in thousand ton
,ots One company has announced already that
nearly as much iron IT sell for first quarter
delivery has been booked
New-York tribune., 1908-11-10
STATEMENT OF NoN-MEMBER BANKS

The weekly statement Of averages OF the ~ n@illNs
OF New York City. Brooklyn, Jersey cry EloDoosl
and Staten Island which not members OF tls
New York Clearing House Association. but wflcl
clear through some Of the members. is as ioloNS