The Birmingham age-herald., 1911-01-22
NEW YORK CITYS
 B|G FOOD BILL Calls for Expenditures of Some thing Like S1, 300, 100000 STOCK EXCHANGE SEATS Are Now Worth s1O0,OOO Each-VnIue of Stocks show Large Decrease
 During the Past
 Year
 
STOCK EXCHANGE SEATS
By PRESTON C. ADAMS


 ure. but meaning an average of well over 800 for each man. woman and child In the city, but the figures bear out the statement. The consumption includes among other things $200.0000O0 worth of meat, 915.o0OQoo quarts of milk, 30,00C bushels of oysters. 20o,0oo,oo0 pounds of fish, s70 OO0o,oo0 worth of bread, pies and cakes 10 say nothing of an endless varie- ty of canned goods eggs, butter, cheese, poultry, game confectionery. etc.
 It is a mans job to feed the city and a great many of the men not only of this country but of the world are engaged in the task
 This city draws it's food supply from all over the world, and In return sends it's own products Into every country The imports and exports are passing in and out of New York harbor represent mill lions of dollars annually.
 While New York is to a certain degree removed from the more extensive food aphical location ts such that 1t has be- come the food market place of this and other countries. Improved methods of packing, elaborate ana economical re1r1Bera1lng SyS- tems. transportation facilities fur nished by a dozen railroads and many steamship lines, ample capital and mod ern business methods have all combined to bring the food producing sections Of the country right next door.
 The old saying that What you cannot find in New York city. you don't need,' is particularly applicable to the food question. The manufacturers of food product dealers in every country of the world find in New York city distribut- ing center. Hundreds of wholesalers and jobbers, employing thousands of persons are always busy receiving and sending out again almost endless varieties of canned and raw food products.
 Remarkable features of the entire food product industry are that 99 per cent of it is pure that Is to say, government pure, and that the food products dealers heartily cooperate with government and state inspectors in an effort to keep the food supply at the top notch of purity.
 New York stock exchange seats are not yet worth $100,000 each, notwithstand- ing that in 1909 the price went to s96 900, then the highest sum paid for a member ship was s95,000. in 1905 and 19o6 Since the latter year the volume of speculation has fallen off and seats are worth only about s95000. The price of seats fiuctu- ates quite as violently as the price of stocks. Last year the range was $65, 900 to s91,000, in 1909 the minimum was S72- ZOO. in 1908 the low figure ($52, ,000) was s2O,oo0 below the high. while in 1907 there was a slump from $S000O to SS1, ,000
  The value of 1910 stocks during the past year decreased sl .336 2O3.OOo, or 14s5 per cent In a circular J. F. Howell who compiled these statistics, says;
 Evidence of the stock market liquida- ton In 1910 is found inthe cubjoined tables which show that in the year just ended 190 railroad and industdial stocks traded in on the New York stock exchange show total depreciation of s1, ,336, ,202, GOO In their market valuation. This is based on the . closing prices of December 31 1910 as compared with the closing prices of De- cember 31, 1909, and furnishes the most comprehensive record of stock market operations for 1910 made by any New York brokerage house.
 'Ninety-fve railroad stocks showed an aggregate depreciation in values amount ing to 1851 sos, ,0o0 representing 1592 of the total par value of the stocks represented. Ninety-nve industrial stocks show total depreciation of s4S4, 000,0O0 or 1920 per cent or their aggregate values (par). In the | corded an advance in market valuation of s96S, ,61S0O0 or 11,2 per cent of their total par value. Of this railroads advanced $5l3, 9S5000 or 1909 per cent, and industri- als advanced s454, 633,00O.
 One of the interesting developments of the unexpected resignation of W. E. Corey from the presidency of the United States steel corporation. was the ques- tion raised as to how long positions of such responsibility are held. In the case of MT. Corey, his election occurred on August B. 1903.
 MT. Schwab was president of the steel corporation for little over two years and MT. Corey held the position six and a half years
 John D. Rockefeller has been president . of the Standard Oil Company since ncor- porated in 1882, but for the past fifteen } years the active management of the com pany's affairs has been in the hands oi , it's vice-presdents. James B. Duke has been president of the American Tobacco company $since Duke Brothers was merged into the tobacco trust 1890 w B. Thomas was elected president of the American Sugar Refining company ir 1908 on the reath of H. O. Haveermeyer the only other president the American , Sugar Refining Company ever had. Hay. meyer was head of the sugar trust fol seventeen years.
 Amalmagated Copper company has had only two presidents in it's eleven years history, H. H. Rogers and B. B. Thayer. Daniel Guggenheimer has beer president of the American Smelling and Refining company since the birth of the corporation In 1899. Theodore N Val left the services of the American Tele- phone and Telegraph company in 190; and retired to Vermont farm, but ir 19O7 he was persuaded to again take ac. tive charge of the companys affairs. c. A. Coffin has been president of the General Electric company for eighteer !: years, or since the company was formed George Westinghouse was president o the company that bears his name from 1872 until few months ago. Cyrus McCor Mick has been the president of the In ternationt Harvester since that company : was formed in 1902. No change has ,oc cured in the presidency of the United ; States Rubber company since Samuel P Colt was elected in 1901 Only a few days ago Robert P. Clowry resigned iron the presidency of the Western Union a the age of seventy-two, after having beer with the company since 1865.
 Of the above-named thirteen com panes. four have separate chairman O the board, United States steel, Conso, , dated gas, Westinghouse and Interna tional Harvester. The president of eacl of the other nine companies acts al chairman of the board.
 Vague rumors are afoat that negotla tions are under way which, If carried t, fruition, will result in radical readjust | ment in the control of the Gould rail ! roads IT is understood that the deyelop