davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1910-12-09
FIGURES ON LIQUIDATION
Dissolution of Sugar Company
Remote, G. Il. Allen Saws.

Charles II. Allen. treasurer of the
American Sugar Refining Company. said
yesterday. in relation to the attitude and
preparations OF tina company regarding the
governments suit. that the contingency of
the dissolution OF the company was so
remote that Il could hardly be considered.
hut that If such a conclusion should be
reached and the company should be liqui-
dated the stockholders would probably
have TO accept about s1s2 in cash for each
share OF their holdings of the common and
preferred stock. that being practically the
book or liquidating value Of the shares
The capital stock consists OF 5000. 90
each of common and preferred stock Con-
cerning the company's investments, Mr.
Allen said:
''Of the investments, about % per cent is
represented in beet sugar properties, 20 per
cent in stock OF the National Sugar Rein
ing Company and Western Sugar Rein
iRs Company and . per cent is IN market
able stocks and bonds, taken at fair prices
It's beet sugar properties represent invest
ments made at time when they were of
great help in developing beet sugar business
through the West. and are carried at e
conservative valuation. considering their
present earning power
The company owns pra actically a quarter
interest in the National Sugar Refining E
Company. and a one-half interest IN the
Western Sugar Refining Company, of Cali
forTsia- The company has no interest, di-
Tectly or indirectly, in any cane lands or
in any beet fields anywhere in the world
nor does 1t produce a single pound of raw
sugar. It deTotes its business entirely TO
the industry Of refining sugar
New-York tribune., 1910-12-09
OTHER LIVESTOCK MARKETS.

Chicago, Dec. s.-CATTLE-R.csiots.s snor:
slow and weak; besves. 81 - 81 20; T.raa
steera. $4-foasJ rs: western. 81 foess 20:
he5fsrs s. ' 20 IS 10: osi1es - s9asa HOES Sc
Receipts. 20O0s slow az decline: uysr
8 - 5. 5I1z. mixed 81 Is 81 50; h.s-v
s. 15gs7 So; roughs, 81 T156sT 60; rood 20
6nEiee 61fE ~ eea.yi . Se9s5 =, giss 50 -:
csfDts. 25.ooo: stEonE sgss sstfSs GS g
Western. SO so q 81 d: v-ariinss s. T0s 81 81:
laEl5S. native. So % Q IS 30: western. 81 50
Cincinnati Dee. s.-CATTL-slow ara
quiet. 81 50 q s. 50: common 81 25 a 81 *
HOGS-Acrivs and strong &c hirhs-. bfstsbsr,
and shippers. 81 S5 9sT 70. common. s5-s
90 SHEEP-slow. s29S5 SO: lambs duH
East Buralo. Dec -cATrL-ss..ay..
70 active and soc lower. 50 rs 5000
higher, heavy s. s56sT go. mixed sTSa
$; Iorkers. 81 90 IS 20; pigs. sS Io1 ss =;
rgq gIg <4s 80 90 81 10: dairies- 81 z5@ss 10
lambs. s5gs1: warnings. s. 8s5 50. sheer.
ksrsas City. Dec s-CATTLE-R-c.fu-s .
5000: including 7e9 SoUtherns. steers. stead,
strong; cows. steady to Zoe lower. dressed
good, s. 50 q s. 40; Western steers. "a So
Southern steers, 81 25 a g So: Southern cs- :.
s. 90 2 81 -: native cows Sc T5Gsj: uatis.
=. ssiIers s. 40 s. 50: bulls. Sc 50 81; calves
heavy. 81 l5as7 50: packcrs and oSrshe4-. e. %
. 40 2 50 %: light. 81 40d So 90 SHEEP
Receipts. 1000. 10G He htehsr, Iarnhs 50 81
q 80 %; TeariInEs g 20 q IS; wsthers. S5 500
- - ewes s. 50 c Sc 80; stocksrs ard feeders
New-York tribune., 1910-12-09
TO BEAT ALDERMEN
Estimate Board Plans to Pro-
vide Money for Investigations.

Controller Prendergast, President Mitchell
of the Board of Aldermen. and Borough
President McAneny are determined that the
Board OF Estimate shall conduct its pro-
messed investigations Of the Board OF Ed
,,ca+ion the Department Of Charities, the
Health Departuerlt and Bellevue and Allied
Hospitais and of the salaries paid generally
l,y the CITY. in spite of the fact that Mayor
Gavnor perr11ifted the Board of Aldermen
excision from the 1911 budget of the slla0o
for these Inquiries to stand. On the ca1en-
dar Of the Board of Estimate for to-day
are resolutions providing for these 1nvesu-
cations and providing that the money for
them shall come from the contingent fund
of the board
If may not be possible to provide from
this source so much money as had been
intended for the investigations, but the Con-
troller and his friends in the Board or Es-
innate are sure that they Will be able to
achieve some results which could never be
roped Of the proposed Investigations OF the
Board of Aldermen.
When Mavor tiaynor did net comply with
the request of Messrs. Prerdergast, Mitchell
and McAnery to 'overrule the action OF the
Board of Aldermen in cutting the sppro-
priation they framed 2 resolution TO be
introduced to-day after the forrner resoiu-
tions carrying with them appropriations
have been reScinded.
Controller Prendsrgast is to introduce the
resolution calling for investigation OF
the Department Of Education and naming
himself. President Mitchell and Borough
President Miller of The Bronx as the COM
nlittee fer that purpose Rarely 60 such
resolutions provide for the committee, as
it is usual TO leave the appointment OF
such committees to the Mayor. But in
this case the Mayor Is apparently TO have
no say
When he heard about the resolutions on
the Board Of Estimate calendar he said he
knew nothing about it He did say, how
ever, that before the Board Of Alderman
had made the original resolutions ineffective
he had decided 70 appoint the Controller,
President Mitchell and Borough President
Steers Of Brooklyn on the committee 10
investigate the Board Of Education.
New-York tribune., 1910-12-09
LESS COPPER ON HAND
Smaller Production Offset by
Reduction in Deliveries.

further substantial decrease IN stocks
~ cocper on hand vas reported IN the
monthly statement CT the Copper Pro
ss-lcers' Association, covering production
and ccnsumption o. the metal for NoveTn-
5ser. issued yesterday. The decrease amount
g u auuroxirastely s.s90,ee0 pounds. which
s.srlauared with z decrease in stocks Of ap-
fortunately s500..03 pounds in the preceding
faor1h. and brought the surplus on hand
Gown 70 13e. .esl. 81 pounds, the smallest re-
ra~ted since last March
Production of copper fer the month also
showed 2 considerable falling of the de-
cline approxinlating E,115,1s pounds, but
.7=s reduction in output was more than
Offset bv q decrease Of nearly S900.e0o
rounds in domestic deliveries. The report
or RE whole. however. vas about what had
teer looked for IN conservative copper
circles. The falling of IN deliveries 70
domestic consumers was attributed TO prep
a-arions being made IN the Part o. large
brass and copper manufacturers 70 siow
ceun their output IN order 70 take account
q stock and make inventories
Tne report gives the production and con-
sumption Of copper IN the United States
for November, as compared with October,
az AID November. 1873. together with the
stocks On hand at the END Of each month,
- follows
New-York tribune., 1910-12-09
LIVESTOCK MARKET.

New York. December g. 1910.
BEEN E>-Receipts were I04 cars or sos
mead mainly consigned direct 20 local sIauSh-
terers- No trading; feeling steady. Dressed
beef quiet AT Y q nc per ID FOR native sides
Cables unchanged. No exports Of livestock or
dressed beef from this port to-day or to-
morrow.
CALsFs-Receipts. 32I. 20 o., .sIe Feeling
steady. Veals sold S71SI1 per 100 70. cuils.
- q 90 city dressed veals steady ar I31151so
per -; country dressed calves. 90 15c-
Saies-Jeiiine. Wright & Co: vszls. 155
= l&I ib. SO 30; J. 20 Ii. So. fed calves.
W p Hume 70 BARNARD calves COT u s4.
l veal. ia 10. SO 30. I. % To- Ss
Andr~w Mullen; I veal. IJ0 10. sI1; l. f4s
iS SO, ,. 10 ID. s.: !. q 10. s.
= sdnders = Eeals 1S1 ID. 81
SHEEP AND T.ANB>-Rec-fpts 5T4a- 4
cars on sals- Sheep firm; lambs I0c hfxaer.
ordi1ary 20 prime lambs sold az ssH sS s. per
100 ID yea-itngs. 81 90 g 81, SuU sheep, So so;
10 good or prime sheeD offered: dressed NUT
ton s'eady at SO q SC peg 10: choice wsrf-
ere Sac; dressed lambs hr71 at 10GTItc
Sales--S- Sanders -nS Pennsylvania Ia-7iss
g 70. average. Sc - per 1GO 10. I yeariin.
30 In. 81 30.
Newton & CO. "a Pennsyfr-anfa la---bx "A -
50; tlate yesterday, 23s virginia lambs. q
10, So %; warnings. 20 10. 50
Iooin & shannon. 2fS Ohio lambs 20 b
50 So yearling. so Ib. So
A-drew Mullen. 20 state fs-zbs "a Ii sszs.
II st1tE shaeD (cJ1Ilsl % D. So SO
b. S6 so 7A
" r Hume: % state lambs ~ n. $3.50
uVty>-ffeceipts- IN cars. or / 30 had -
ciudIhg only 4 few head FOR the y1arF<~t. ~,
win Bue5iO advtces- country dr.,..S ro-,
Jtea5y a. : 2 lie per 10
New-York tribune., 1910-12-09
DEFEND SUBURBAN RATES
New Haven and Central Men Be-
fore Service Board

The adjourned hearing On the complaints
OF alleged excessive Communication rates of
the New York. New Haven 8; Hartford
Railroad ard the New York Central lines
vas continued yesterday before the Public
Service Commission. I'd District, at the
Metropolitan Life Building.
Benjamin Campbell, vice-president Of the
New Haven road IN charge Of the traffic
department, was recalled TO the stand and
produced figures comparing the conmuta-
ton rates between various points on the
New Haven road, which showed that the
Boston communication rates were equal to
and in some cases higher than the rates
outside Of this city. He testified that a COM
parison Of Communication rates showed con-
clusirely that they were lower or the New
Haven than on the PennsyIvan MA, Long
Island and the Jersey Central.
The New Haven case was adjourned until
January IS, and the complaints against the
New York Central were considered. L. Y.
Tosburgh, general passenger agent Of the
Central, said the reason for the raise in
computation rates in June vas the III
creased cost Of operation. ana particularly
the increase OF wages Of the employees.
He testified that the communication rates,
which went into effect June 80, were based
on a rate OF approximately one cent &
mile to nearby points, graded down to
about SS mills 70 remote points. The wit
ness presented figures TO show that the
average ccmmutation revenua a passenger
for q mile on the Central was sos mills.
q figure somewhat under the correspond
ing revenue on The Pennsylvania Lacka-
wanna, Erie, New Haven, Long Island and
jersey Central roads.
Mr.. Vosburgh was unable 10 explain why
II IS that q round trip ticket between Chi
cago and one of its suburbs, 8 distance Of
thirteen miles, cost 80 cents. while Z, round
trip ticket between Mount Vernon and the
Grand Central Station. the same distance
was 50 cents. The communication business
he said, SHOULD bear a proper portion Of
the increase III expenditures. and that was
the only conclusion he could arrive at
Complainants, or their representatives,
appeared at the hearing from nearly all
the suburban points OF the two roads
The hearing was adjourned by Chairman
Stevens Of the commission until Janu-
s--
New-York tribune., 1910-12-09
FOREIGN MARKETS.

Liverpool, Dec s-WHEATsuoe strong -,
red Western winter. IS Sd; futures outeJ: De-
eer1bsr 6s sad March, 6s ND: May. IS
CORN-Spot steady. American I1ixsd Sc Al ::
futures quiet, January Is 4lsds FehruaTy, IS
I'd PEAS-Ealadian. IS I'd FItcCR-Wi1 -
ter patents. Jos HCPS-In London tPactuo
Coast. f3 10sdE4 15s- BEEF-Exrra Indis.
mess, 1855 PURk-Prin1e mess. Western. feTs
Cd HANS-Shorr cur. SIS Sd BACON-Cunl-
berland cut SIS. short RIB So; clear bellies. SIS
Sd long clear middIss. light. 6ss. heavy 6-Ss Sd
short clear backs, 66s. FfoCI4DEFS-SSuars.
jSs Sd LARD-Prirne Western tie-ce-. 5Is.
American refined. pals. 52s 9d. CHEESE
Canadian. finest white. new. 5Ss Sd: coiored.
SIS CRPENTINEs-Spirirs. 53s Sd ROSIS-
Common. 15s PETROLECM M-Refirsd, Sid
ILNSEED OII-=6s Cd. COTTONSEED OIL
Hull refined. spot 2Ss 1Oizd- TALL0w-Aus-
London Dec S--RAW SCGAR-C.nrrifu<si-
los mUscovado. 9s- BEET SCGAR-Decsrnoer.
Cd LINSEED OIL--1s 3D. SPERM OILr-534-
PETROLE1T A--American refined Sad: spirt>s
6@4d OBSERVATION-DISCLOSURES E3s Sd ROSlG
American strained. 14s I'd; tine. los 7lzd-
Antwerp. Dec S--PETROLECN-I9 francs
New-York tribune., 1910-12-09
MUCH COTTON GlNNED
Sharp Break in Prices Follows
Government Report.

Washington, Dec s-The cotton ginning
report OF the Census Bureau issued to-day
shows 1918 sS6 bales, counting round as
half bales, ginned from the growth of 1910
to December 1, compared with s,s76,sS6 tor
1902 Il oos 6sl for 1903 and s,549, 1886 for 1907.
The ginning figures, which were made
public at the opening OF the market, were
somewhat larger than had been looked for
in the trade and as a result there was a
sharp break In prices on the local Cotton
Exchange. the declines in the various op-
tions ranging from 10 to 20 points. or 20
cents to 81 a bale, IN the early trading.
The bears kept hanImering the market
during the first hour, and the confidence or
the bulls In a small crop appeared TO be
shaken, for apparently they made no at
tempt 10 support the market; in fact, they
were reported TO have sold cotton imme-
diately following the publication of the fig
ures After the bears had had things their
own way for about an hour, however, the
bulls seemed to pluck up courage, and a
buying movement started that rallied prices
to points
The market continued nervous and irres-
ular for the greater part OF the afternoon
session. however. with occasional scattered
LIQUIDATION and in the last hour the bears
again nldESldiIeu TO the diIdCh anu
ceeded IN forcing prices down to the lowest
point of the day, the declines in some IN
stances reaching more than 20 points.
The ginning figures had the effect of
changing the views Of some of the traders
who had been expecting a very low gov
ernment report on the crop to-day, but
some Of the bull leaders still maintained
that the big ginning figures merely indl-
Gated an unusually large proportion OF the
crop ginned to date, and that sharp fall
ing off would be seen in future statements
New-York tribune., 1910-12-09
CHICAGO GRAIN AND PROVISIONS.

chicago Dec S--Vheat proved {. heavy
load today for the bulls The great ac-e-
age IN this cotI1trT. fne harvest ~ Srxe7tfrs
ana lover quotations in Europe were al
bear1sh weak close resuIre.i with Ia-s
Prlce< &c TO L q sac lower below Iasr night
Cern showed net loss % 1sG.c 70 So
oats fn-shed = 10 4 a sac OF. and Provisions
unchetnSsd 70 10c advance. Laresr sales %
Wffest hroushT the leasL money Of znv- Fx-
cept Ihst dry weather continued in the Soy1-h-
vest ard that there was some enizrgsu1ent
O. the cash demand here. the news rhrer sgr
car was wholly in favor Of the tears Arzen-
IlAe weather and crop advices became SO good
that carGoes from Buenos Ayres vvere ofFsrerf
freely at reduced figures Every Eurcresr
market sent lower quotations except Pass
Thert the rise was unI-1pcrrant NOrrr7Tssf-
ern STOCKS Kept piling up snJ Duluvh looked
LOT 1oC,tVV cusnels Increase this week BYf-
eddltloT1 10 the warehouse total This ar-orIn-
II marine storage IS nearly double thar OF n
- Hnlsn, the market felt also the eject -
seilins fue 70 the unprecedented extension o.
the area sovn % winter wheat 7s-~s -
prices. u
New-York tribune., 1910-12-09
BUSINESS TROUBLES.

The following petitions In bankruptcy
were filed yesterday in the United States
Circuit Court:
MAX BROWN, lawyer, with offices Al
No. 149 Broadway. involuntary, by Max r
Lookstein, a creditor, for S547. It was al
legged that while insolvent Brown stood by
while creditors obtained judgments against
him and levied on his property. One OF the
judgments was for over $1,000 in favor OF
the Williamsburg Trust Company, and
there are ether judgments unsatished. A
receiver has been appointed in the Kings
County Supreme Court. It Is said that the
assets are about 800
THEODORE WICkE. VINO runs q cafe
at No. % East 18th street, near Broadway,
involuntary, by these creditors; samuel
Streit &. Co. 81, ,64S; Ascher Osterman, $3.50,
and BENJAMIN 3. Davis, $3.50 It was al
legged that he was insolvent. made prefer
en1iaI payments and removed a large part
OF his property. Liabilities are said 10 oe
5000, and assets $500 Judge Hand ap-
pointed Gordon Knox Bell receiver with a.
bond Of $3.50.
Judge Hand has appointed Grenville
Clark receiver IN bankruptcy for Herman
Heidenreich, trading as the H. Heidenreich
Leather Company at No. 10 Ferry street.
with a bond OF g, 600 It Is said that he
has Informed creditors that the liabilities
were about $4,000 to $4,000, and assets,
$1,000
New-York tribune., 1910-12-09
TRANSFER ORDER EXTENDED
Arrangement at seth Street Not to Go
Into Effect Until Christmas.

The Public Service Commission las eI-
tended until December 25 the time for the
and 10 cent transfers 10 go into effect be-
tween the 5eth street crosstown line and
the Metropolitan Street Railway lines,
This was done because Of evidence that
the necessary transfer tickets could not be
procured any earlier.
There was a hearing yesterday before
Commissioner Bassett on q proceeding IN
stituted by the commission TO determine
whether or noJ an order should be issued
for the exchange Of transfers between the
18th street crosstown line and the shuttle
service that is maintained over the Queens
boro Bridge. by the South Shore Traction
Company.
Commissioner Bassett said that the
points raised by the various speakers
would receive due consideration from The
New-York tribune., 1910-12-09
INTEREST RATES STAND
Four Manhattan Savings Banks
Adhere to July Figures.
QuINLAN'S EXPLANATION
Brooklyn Institutions Maintain
Old Rates-Virtualiy No
Exceptions Anywhere.

Meetings were held yesterday afternoon
~ the trustees OF four Of the largest saw
.-~s institutions Of this boroogh for the
purpose Of deciding upon the January l
se-1a5-anuusI interest rate. and in each case
81. rate Fixed was t1aJ or six months age
Tbe Fanigrant Industrial Savings Bank
sud the Seamen's Bank for Savings ad-
bored 10 the Per cent annual rate, and the
~st{zens Savings Bank announced a semi
annual dividend at the rate OF 81 per cent
= ear which il established on July l.
Ven II was among several institutions 10
5c,.ar The rate from 4 per cent
~-r,s Greenwich Savings Bank decided TO
~ again the double rate instituted by il
= fr5rr. which was also voted at that time
s. .,,a Manhattan Savings Institution.
No. cent oa all deposits up to Sl.to and "a
cert on the excess ABOVE S1.o0o Of the
Ts--e- accounts
II explaining the reason for the two
-are declaration OF July I President QUin-
Ian said 81 the time that the board OF
---sstees OF the Greenwich felt particular
.s,lfcifude for the smaller depcsttors. who
r-es7Inlsbly would feel keenly a cut in the
s--e-ez- return. ana that by allowing /
-e- cert on the first $1,000 Of the larger
5e,osits they had undertaken TO tighten
7-fe- might have been felt as 4 consider
able deprivation b. The depositors CT that
class = & fa- rate Of So per cent had been
declared On al SUNS He added.
IN The last six months. IS for many
--,nths urevious. declining bond prices,
-s-ll Increasing deposits. have tended 10
fir-7iuisE the percentage 90 surplus OF ali
sg-lnrs hanks which surplus. however, IN
nr- case IS stu more than ample 70 meet
g. demands Of the situation. both present
sr5 prospective
The amount saved for our deposi-oTs by
--s-ine only - pe- cent on the excess Of
r. a0a viii 20 toward offsefting the effect
,7e declining bond prices on our surplus
TIC Union Dime Savings Bank. which =,
nz7f year ago lowered irs rate from TO
- per cent decided 70 pay the same rate
- Tanuarv : 4 Is announced; and the
Metropolitan Savings Bank made declara-
tion al the rate of per cent unchanged
rom July I
T17~ae Of the large institutions in Brook
III have within the last few days declared
-t,e old I per. cent rate-the South Brooklyn
SAVINGS Institution the Brooklyn Savings
Pa-k md the Williamsburg Savings Bank
Al Of the savings banks OF the city VIII,
-zfrl-4-7 the next week or 50. have taken
action vron The interest rate, and = is
E-i1 understood. as was said IN The Irlb-
we z fortnight age that The rates 70 re
fxed b. them severalIy will with virtually
"a exceptions. Be those az the July |
declarations
New-York tribune., 1910-12-09
GIVES UP AoUEDUcT CONTRACT
Company Unable to Find Solid Rock
in Bed Of Hudson River.

Nevburg, y. Y, Dec. S--The construction
company which has been engaged for seV-
era1 years boring the bed Of the Hudson
River off Storm King Mountain 10 deter
mine the character Of the river bed where
II is proposed 10 go under the river with
the Catskil aqueduct has abandoned the
contract. The great depth at Wnlcn II was
necessary 10 make the drilllngs, II Is sa1d'
discouraged the contractors.
The last drill abandoned in the middle Of
the river had gone down 768 feet and had
not found rock solid enough to insure the
surface Of the proposed aQueduct- The
borings show that II would be necessary
10 take the shaft down 10 the depth OF
eleven hundred feet at this point
New-York tribune., 1910-12-09

New York, Dec 8, 1910.
GRAIN-WHEAT-Ths effect of Wedues-
days government report was still apparent
Liverpool was lower than expected Trading
was Inactive, but the tendency OF prices was
downward and final figures showed loss
OF r and 5sc. The Ohio State report showed
a condition of 81 per cent, compared with
1o2 last year, and II reported that Hes
sian dy in so counties causing damage
Of from 1 TO u per cent Exporters were out
Of the market and no sales were reported.
No red. 97H &C. elevator, and 9skc, b
adcat; No | Northern Duluth. 81 1Ias,
ahoat. CORN-Moderate active and prices
easier. No new corn. 56c, nominal eIe
vator domestic basis. 70 arrive, and 551zc
spot, { b efioaC- OATS-Rathsr quiet and
prices eased of. closing at q net decline Of
&c Cash oats, standard white. IS sI-c; No
2, 39c; No 8, CSC, and No I. S117c. RYE
Firm. No Western. SS1zc. nominal, z o b
New York BARLEY-Firn1- Mating, eoc.
c elevator. BUCkWHEAT-Quiet. Amer
lean, S21zc I New York; Canadian. SIC
bid. j Z New Yorl, fnr exrnrt
New-York tribune., 1910-12-09
REPORTED kEokUk BOND ISSUE.

The Keokuk Power Company is under
stood 10 have sold to a syndicate of New
York and Boston bankers an issue Of slo'-
0eo.0o 5 per cent long term bonds FRO
ceeds from the sale Of the securities II IS
said. will go toward the construction OF a
dam across the Mississippi River and tne
building of 4 large power plant at keokuk'
Iowa. This project has been under con-
temptation fer several years, and 1t Is es-
tinlated that it will take three years 70
con,n1ete the dam and plant.