davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1912-08-14
REORGANIZE BIG POWER co.
Eastern Directors Control $40,
100000 Telluride CORPORATION.

Cleveland. Aug. 13-Control Of the
Telluride Power Company, Colorado
corporation, with a $4,000 900 capitalize
tlon and $1,000 900 authorized bonded in
debtedness. was taken over by James
Campbell. OF ST. Louis, and J. r. Mutt,
of Cleveland, here to-day, on representa-
ton OF the board OF directors. The
changes are reported 10 be the result OF
opposition Of st. Louis and Western
stockholders to the former management.
The company. formerly owned by St.
Louis. Cleveland and Western interests,
operates hydro-electric generating sta
tions in Colorado, Utah and Idaho. I'M
provements involving an expenditure Of
81, 10000 are planned. They include the
completion OF the Bear Lake Reservoir In
Utah and Idaho, building OF an irriga-
ton reservoir on the Bear River at Soda
Springs. Idaho, and new generating
plant at Oneida Narrows. Idaho.
All Western directors, except William
Story and Frederick Steigmeyer, OF Salt
Lake City. were replaced to-day by di-
rectors residing in New York and Cleve-
land.
The retiring board dismissed by reso-
luton as unauthorized the 100000 dam
age suit brought in Utah by the former
management against Directors Campbell,
Steigmeyer and Story.
New-York tribune., 1912-08-14
THE CROP MARKETS
Wheat, Corn, Oats and Coffee
All Show Higher Prices.

Weather conditions failed to affect the
wheat market against the strength In the
September option based on nrmness in
the cash market. Much OF this strength
is due to present scarcity, which caused
nervousness among nearby shorts in view
Of the active distribution OF the new crop.
The late upturn left the market firm at
the close, with an advance OF Is to lc net
for the day. The September option in
corn. also affected by the higher cash
prices, advanced 1Iao bushel. but at the
close later months were only 1sc net
higher. Oats held steady ell day in the
face OF heavy receipts. selling being pre-
vented by an active cash trade, the mar
ket closing 4 to &c net higher than on
Monday.
Higher European markets gave the
local coffee trade good start, and at one
time the market was % TO 25 points
higher. The advance was not fully main
tained, however. as realizing, helped by
some renewed bearish pressure, caused
break, the close being several points of
from the best, but at net gain Of IL to
ls points.
New-York tribune., 1912-08-14
ITEMS OF THE STREET.
The largest volume Of business for for
eign account in quite some time resulted
yesterday. There were approximately
10000 shares purchased on balance.

Dividends which have been declared:
Canadian Pacific Railway Company reg
| ular quarterly 2i2 per cent on the COM
mon. payable October I. and regular semi
annual per cent on the preferred, pay
able October l; the Quaker Oats Com
pany, regular quarterly 2l7 per cent on
the common, payable october 10, and reg
ular quarterly ia per cent on the pre-
ferred. payable November 1; the American
Sugar Refining Company. regular quar-
terly "a. per cent on the common and
preferred, payable october Q; the United
Dry Goods Company, regular quarterly
Il. per cent on the preferred, payable
August 81. Associated Merchants, regular
quarterly IA per cent and II OF l per
cent extra on the common payable Au-
gust 81. Eastern Pennsylvanit Power
Company. regular quarterly IA per cent
on the preferred, payable August 10;
Shannon Copper Company, 30 cents a
share, payable october l.
J. p. Morgan In the Corsalr will leave
| Newport. r. l.. to-day or Thursday for
short cruise along the coast Bar liar-
Dor. f. is thought. is the objective point OF
tho trip.
The preliminary OF earnings for the
fiscal year ended June 90, 1872 Issued by
the Canadian Pacific Railway indicates
gross earnings OF both railway and
steamship lines 10 be sl?3,3l9dl operat-
ing and maintenance expenses. $SUl' 20
net revenue. 80. 1852 75i. After the payment
Of all dividends declared for the year
surplus Of $40 remains.
The Cotton Exchange membership OF
Cornelius De witt has been purchased by
Marshall Geer for the sum OF N7.Op and
| the membership OF the estate OF George
n. Wilson by Charles A. kittle. OF ). ii.
y. Pcl & Co. for N7l@.
The listing committee Of the New York
Stock Exchange has adnitted the follow
ing additional stocks: Consolidated CoaI
Company capital stock OF S.s'1"o' the
New York Telephone Company hrst ana
general mortgage fs per cent bonds OK
$40. 90 and first and general mortgage
a. per cent bonds OF 10000.
Tho following stocks have been crossed
Of the Stock Exchange list: American
Tobacco Company certificates OF deposit
for per cent bonds, Consolidated To-
bacco Company certificates Of deposit for
, per cent bonds and the New York Rail
WAYS Company temporary adjustment
mortgage per cent bonds.
The London Stock Exchange Will be
closed on Saturday. August a.
New-York tribune., 1912-08-14

PROyISIONs-Start out firm, In sym
pethv with higher live hogs, the market was
rteadv oil day. closing at about BEST point or
the day. pORK--Steady: mess. $40 Ious1 -
FAMILY s20ds2I: short clear, $40 50Gs2l. BEEb
Firm mess sl51Si5 90: family. Ns6Sis 30;
paeket. si7asI7 80; extra India mess s?ga
.Ss 80 PEFF HAMS - Steady, $3.50 sSl.
DRESSED HoGs-Firm; bscons: ll.ql2re;
nlcs. f2ssc. CUT MEATS-Pickled bellies
steady. 1tiaG14c: picklcd hams firm lS,9W
1ao TALI.OW-Flrm: special. &c; city, bSc
country. 6T6s.c LARD--strong Middle West
10 s5Si 10 a5c; city i03c; refined. south Amer
lea II. zoe Continent. lf2ac; Brazil. Kegs.
10 zoe. compound quiet. shdeSc. sTEARlNE
Firm olco f2Ac city lard, l2isc.
META S-COPpER-Standard dull: SPOT,
August. September and October. II zoo IL Doc
and November II 2ndl7. Soc: lake. i7Sc: cleo
trol,tlc i7aso: casting. 1IGlIhc; exports so
far this month 7.TsS tons; London steady !;
snot and futures. tTs i2s Sd. TIN-Opened
Grn,. hut eased ofr. and closed with spot A.; %
@itlt. August. i55Oaf4S Soc September. 4oM@
N, T5c. october i5Gi5.5oc. and November.
"a Irei46. I2i.c London steady; spot. f201; nut
ures. f2O5 LEAD---A shade lower at New
York; spot 440d4. .0oc; East 81 louis fSo9
4 4O,,; London. fI0 Is I'd. sPELTER-Un-
settled; New York. spot 6,eO1Ie: East ~.
Touis @ sO66. 90c: London. f28 is IRON
90, Gland warrants. Gos l0ad In London i.
locally hrner: No foundry Northern. $l8 25a
sie 20: No ?. si5 75asie 20; No Southern and
So,' ,C'oTTONsEED Ou--Th. market was de-
pressed bv the early decline In cotton, but
New-York tribune., 1912-08-14
Yester
NOLAsSEs AND sYRrPs-

hOLAsSES AND sYRrPs-Inactive. "Ith
prices unchanged
at unchanged prices. Spirits turpentine vsf
dull and easy a lower prices.
OILS-Rehhed petroleum steady at recent
prices. Linseed oil unchanged.
RLCE-Stcady. but demand Indifferent
Dan Talmage's Sons Company telegraphs tho
Louisiana crop movement at New orleans 10
date follows: Receipts. rough new and old.
], ,153, 800 sacks, sales, cleaned, l,2l3Ooo pock-
cts
sUGAR--Rehned dull List prices were
reduced 10 points 10 Sc net. less per cent
for cash. for fine grsnulated Raw here J
centrifugal. IN port at 2l-32c. basis 96 test.
cost and freight. About 10000 bass were
obtainable for prompt and August shipment
at l1-16c. equal 10 4.05c duty paid. spot
prices were 402c for g6 test centrifugal, 3.o2o
for 50 test muscovado and 32Ic for ~ test
unchanged TO sd lower with stock in the
United Kingdom 10000 tons; August delivery
stood at lis 2Hd: September, lis Nd; October
TO December 8s 1lkd. Gables to Willeu a.
Gray report the movement OF sugar III Cuba
for the week as follows: Centrals grinding. :.
(six ports), none. against 1000 a week ago
and none last year; receipts centre island.
1000. against 1000 and 5000: exports IsiN
ports), 2s 600 compared with %. 900 and 1000;
stock, 2O8 600. against 235. 600 and $1,000
HDES-Firm, owing 10 steady demand
and rather limited offerings.
LEATHER-There was somewhat
broader demand for all kinds. Jobbers report
a steady nqur~. while large sellers are orei .
ing sparingly. as they have no surplus stocks
DRUGS-Essential oils steady 10 hrm.
Prices unchanged, with some holders asking
slight advances for certain popular Kinds;
Roots sold well in jobbing way al fuli
prices.
New-York tribune., 1912-08-14


The net earnings applicable to dividends
are equal to $40 per cent on the S25"o'-
nD0 uteferred stock. compared with I per
cent ON the preferred and 2G per cent on
the common stock IN the previous fiscal
year.
The gross volume OF business done DUR
ing the wear was valued al s2s.ss3, ,o5s, COM
nared with ;24,O7l.77l In 1911. In point OF
tonnage the year was a record one eX-
ceedjng the previous record Of 1867 by 10
ner cent. On account Of low prices. how
ever tho total value of shipments was 10
ner cent less than In 1907. The company s
output of finished and semi-hnished steel
products for the year was sisel1 TONS
compared with sS4 553 tons in the previous
wear. Pig iron production amounted 70
on $40 tons, against SJo.S63 in 1911.
Additions TO the property account our
ing the year aggregated $l,5Ss,72s The Re-
nublic company has expended since It's
organization a total OF s22.56o,o4 There
were no additions 10 blast furnace ca
pacity during the year, the theoreucai
capacity OF the company's furnaces re-
naming at l,17o,0o0 tons. The 4-lS-inch
merchant bar mills and the %D-inch plate
mill were put into operation In January
1919. but maximum operations were not
obtained until May.
New-York tribune., 1912-08-14
series No. 81. may be procured by appli-
cation to the Bureau of Manufactures.
The Better Lona Island.

For further construction work and bet
terment of the Long Island Railroad, ac-
cording TO official information. there will
be required from s., 100000 TO 100000 The
numerous bridges and tunnels and other
improvements are said TO he now practl-
cally completed, and the road is reported
to be in splendid condition and ready 10
carry with safety, promptness and com
fort an increase OF 100000 passengers per
annum. More than 100000 has been
expended for additional tracks, rolling
stock, stations and safety precautions in
the last eight years. In 1911. the road is
recorded 10 have carried S4.oo0,ooo passen-
gers. President Peters Of the Long
Island SAYS: Il believe the result will
show double that number in 1915
New-York tribune., 1912-08-14


expected 10 average between $4,000 and
S6j0.OO0.
For the FIRST six months Of 1872 the Bal
tic IS recorded 10 have shipped and treat
cd "a sss tons Of rock. with an average
WELD of 2O.72 pounds OF copper a ton. In
the month Of June the total of $3.50 tons
was treated, the average yield ton for
the month being approximately A.oi
pounds OF refined copper. The output Tor
July is understood to have been on level
with that of June.
The daily output OF the gold roads mill
has increased recently. as 1t is now hand
ding 25s tons OF ore daily. This capacity
is reported 10 be constantly on the In
crease, and before long II IS thought that
the daily ore production will reach ap-
proximately 500 tons. 1t is the general be-
lief that If the mine continues as we'll as
in the past it is very likely TO prove a
valuable asset 10 the United States Smelt-
ing Company.
The total amount Of ore treated for the
second quarter of the Ray Consolidated
Copper Company was 374,609 tons, as COM
pared with 301 ,674 tons. The average grade
Of the ore for the second quarter was LIZ
Der cent copper-almost the same as for
the first quarter. Total earnings for
the first six months of 1912 were SSI0570.
The average production cost pound FOR
the last quarter was 1854 cents pound.
as against 1918 cents for the first quarter
OF this year. During the month Of June
1.-The production cost was reduced 10 $50
cents a pound. Net earnings for the last
quarter were S4S1. 994, compared with
1855 .625 for the previous quarter, based
Oh a selling price OF the metal at 15.fGS
cents a pound
AS I'm all mining camps fortunes have
been made In Tonopsh by many who
never saw the State OF Nevada but who
have invested judiciously in Tonapah
stocks Many more fortunes will yet be
made in the same manner in the coming
wears. 1t is only necessary TO select a
stock Of merit when II is low priced and
hold 1t until the prospect is mine. The
problem lies always IN the selection.
The mining camp Of Pachuca, Mexico.
was discovered in 1912. and has produced
hundreds of millions OF dollars, and Is still
one OF the great silver mining camps in
Mexico. The camp covers an area OF
twenty miles square.
New-York tribune., 1912-08-14
BRIEF NOTES OF FINANCE
Paragraphs of Current interest
for the investor.

Diamond Jim" Brady is reported TO
have given $4,000 to a hospital for Civ
ing him a good digestion. so he could cat
q square meal. IL Jim would bring that
much money into Wall Street he would
he fed on tips until in desperation he
would eat nails. Wall Street diet is
great for digestion.
New-York tribune., 1912-08-14
"suReLAR PROOF" SAFE ROBBED,

Buffalo. Aug. ls.-The safe in the post
office at North Collins was broken open
this morning By burglars, and N'6co IN
money and stamps stolen. Ntroglycerine
was used 10 blow open the safe, which
WAS supposed TO be burglar proof.
New-York tribune., 1912-08-14
PUBLIC UTILITY NOTES.

The stockholders Of the Canadian Light
and Power Company. Of Montreal passed
a resolution at their recent meeting in
creasing the capital stock OF the COM
nanv from s6.000.000 to $4,000 900 The
company owns and operates hydro
electric plant not far from Montreal on
the 81. Lawrence River The increase In
the capital stock was part OF the plan
TO further develop the plant, which et
first developed only 10000 horsepower II
is said that after these improvements nave
been established the average horsepower
DEVELOPMENT will reach approximately
100 OOO The company has not completed
full running years operation OF lts ne"
hydro-electric plant. consequently there IS
no earning statement TO submit inc
bond issue Of the company is s4OoVVVV
The Frankfort and Shelbyville Realty
Company has notified the promoters OF
the traction line from Frankfort %
ShelbyYine that cars will be running
through that town by August 10. Ihe
realty company Is securing the rlSht u
way for the traction line. The trackS
over which the company will run VIII be
the line OF the Louisville & Eastern Irac-
ton Company, thus bringing the traction
companys route three miles closer 10
Frankfort than il was this spring Local.
stockholders think that the road VIII DE
turned over 10 Eastern capitalists VINO
win secure the right Of way and build the
line next year.
New-York tribune., 1912-08-14
NEW se,ooo,ooo OIL CONCERN.

Albany, Aug. 13.-spencer Kellogg d
Sons Incorporated, of Buffalo, with
capital of 100000 to manufacture and
deal in oils and by-products. received
charter here to-day. The directors are
Spencer Kellogg. Spencer kellogg, Jr'
and Howard Kellogg, OF Buffalo
New-York tribune., 1912-08-14
WILL LEAVE c. q. G. @. ROAD.

Minneapolis. Aug 1S.-F. L. Howard
General manager Of the Chicago, Burling-
ton g. quincy lines east OF the Missouii
River. announced to-day that he wou'd
resign ON September l.
New-York tribune., 1912-08-14
Reduces Quarterly Dividend,

4 reduced dividend has been announced
hy the Swinehart Rubber Company, OF
Ohio. This last quarterly declaration Is
at the rate of 1i2 per cent, instead Of ,
per cent. as formerly. The explanation
made by the company is that II was
deemed advisable 20 reduce the dividend
in order TO provide d larger working cap
New-York tribune., 1912-08-14

after midday there was rally and increasing
activity In response 10 a corresponding Jump IN
cotton and the frmness OF lard all day. The
close was near the top. with August 10 points
net higher and other months from TO points
higher. Lo,al contract prices:
New-York tribune., 1912-08-14
Formal Foreclosure Act.

The Kansas City. Mexico Orient
Railway, which has been in trouble for
Some time. has foreclosure proceedings
facing II on account of probable failure
10 meet taxes due of $9,9i6 TO the State
Of Oklahoma and SlO4,2cO unpaid interest
on bonds, for which the United States and
Mexican Trust Company is the trustee.
According TO Kansas City reports fore
closure probably will not be ordered by
the court until the English bondholders'
committee is completed and plans for
reorganization have been perfected
which, II is said, will mean taking over
the Kansas Cily, Mexican & Orient
COMPANY
New-York tribune., 1912-08-14
Increasing Its Works.

The extensive demands made this year
on the Lima Locomotive Works. of Lima.
ohio, are shown in the contracts which
have Just been awarded by that company
TO the Warden Allen Company of Chi
cago for six new buildings. When the
plant has received its full equipment,
which will be necessary with the added
capacity. the Lima works will employ
about thirty-five hundred men.
New-York tribune., 1912-08-14
New Electric Furnaces.

Electric furnaces are to be installed at
the Bethlehem Steel Companys plant for
the purpose of manufacturing special
steel, so reports state. The first fur
mace TO be installed will have capacity
Of ten tons Of steel per heat. and its sue
cessful results will determine future in
xtallations The system is used by the
JIrupp Company. in Germany, and is said
10 work satisfactorily.
New-York tribune., 1912-08-14

An election held at Great Bend, Sus-
auehanna County. Penn. on August =, 1t
is reported, resulted in favor OF the
proposition TO issue the 5000 paving
bonds, the popular vote being 1l2 against
New-York tribune., 1912-08-14

Reports state that the question of issu-
ng the 5000 municipal lighting plant
bonds, OF Osnaburg Stark County. Ohio.
failed to carry at the election held last
July.
New-York tribune., 1912-08-14
Enqland's New Industry.

Beet sugar industry will form an In
teresung part Of Englands industries, II
the operations of the Anglo-Netherland
Sugar Corporation, Ltd, prove TO be sue
cessfm This conn - was formed last
year and has an authorized capital OF
10000 in stock and $200O,oD in per
cent bonds. Contracts have been made,
it Is said, for moro than thirty-hve hun
dred acres of beets, which the company
expects TO begin slicing at its Cantley,
Norfolk. plant in October. This is the
initial start in England's sugar industry,
and its success Will materially assist that
country in outstanding a large part Of
$l25. 10000 paid to foreign countries for
suEar
New-York tribune., 1912-08-14
BOND DOTS.

No bids were received on August I, It is
stated, for the Pittsfeld, Mass, $4,000
temporary loan offered on that day.
New-York tribune., 1912-08-14

The Bryan, Ohio. issue of $1,000 Az per
cent coupon street improvement bonds
recently authorized has been disposed or,
according to local reports.
New-York tribune., 1912-08-14
Revive Livestock Raising.

The high cost of beef has started the
railroads, packers and the provincial gov
ernpent OF Northwest Canada to begin a
campaign for the purpose of renewing the
livestock industry. A meeting was held
recently in Winnipeg to formulate plans.
and representatives Of the various in
iercsts were present. The government
will do all IT possibly can TO stimulate
the raising of livestock in an endeavor to
prevent the threatened meat famine.
New-York tribune., 1912-08-14
Foreign Shoe and Leather Trade.

The third OF a series OF reports by Com
raercial Agent Arthur B. Butman deal
ing with the shoe and leather trade OF
European countries will soon be issued
by tho Bureau OF Manufactures. Depart
inent OF Commerce and Labor. The first
two reports dealt with the United King
dom and Germany; the one now in press
gives the results OF his Investigations in
France and Switzerland. Both Of these
countries have comparatively extensive
shoe industries, and a considerable part
Of Mr.. Butman's work was devoted TO
study Of their methods and cost OF pro-
duetion The use Of American shoe ma
ehinery I'm foreign establishments and tho
adoption Of American factory methods
nave resulted ia the production OF A
higher grade shoe. and this has made the
competition with the American product
much keener Other factors influencing
American trade. such as sources and cost
Of raw materials and Wholesale and retail
tslcs methods. are also discussed. Copies
Of the report, listed as special agents
New-York tribune., 1912-08-14
Southern Mills Equipped.

According to The Southern Textile
Bulletins" returns from 76S cotton mills
in the South. the prospects for the cotton
Industry are good. Reorganizations. i'm
provements and economies introduced
have placed the Southern mills in we'll
equipped form and better financial posi-
ton TO handle the cotton production.
New-York tribune., 1912-08-14

Orange County. postoffice Santa Ana.
Cal. according to local papers. will hold
an election TO vote on proposition to
issue $4,000 road construction bonds.
New-York tribune., 1912-08-14
CURB ECHOES.

The report OF net profits of the Wolver-
inc for the fiscal year ended June 20 Is
expected TO average between $4,000 and
SG50.OOO.
New-York tribune., 1912-08-14
STOCKS IN OTHER CITIES.
BOSTON STOCKS.

FURNISHED by Charles Head g. Co., No. IA Wall
street)
LAND.
New-York tribune., 1912-08-14

The $4,000 local Improvement and
100000 waterworks improvement eight
months notes of Rochester. were award
ed on August 10 Bond & Goodwin, of
New York, at 4S5 per cent interest, and
81 premium.
New-York tribune., 1912-08-14

Wagner. Dickerson & Co. Of New York
are Offering to investors at 99-loo
500 900 issue of per cent fve-year first
mortgage real estate bonds. dated April
!, 1912 The bonds are put out and guar
anteed by the Bankers Guarantee Title
and Trust Company, Of Akron. ONO
These bonds are issued in denominations
of 800 500 and 5000
New-York tribune., 1912-08-14
New Railroad Construction.

The Gulf Florida & Alabama Railway,
under construction by Megargel d Co.,
report that the following additional equip
nent has been purchased: Five locomo-
Iyes. 90 gondolas, 20 fiat cars, So box cars.
passenger cars and combination cars.
George A. Berry. vice-president and gem
eral manager who is now in New YORK
states that about ninety miles Of line
will be put in operation in October, at
which time one of the piers at Pensacola
Will be ready for use At present about
sxty-fve miles are being operated under
lease to private interests, the revenue
flom such operation, it is reported, being
in excess of the interest charges on the
bonds outstanding.
The road from Pensacola 10 connect
with other points and the Southern Rail-
way at Pine HILL it is said, will be opened
early next year, making a continuous line
Of l6 miles, and connect the Birmingham
mineral districts with deep water Ulu-
mately the intention is 20 operate the line
between Pensacola and Jasper. Ala, a
distance Of about three hundred miles.
The American Steel and Wire Company
has received orders for wire and the
Western Electric Company for apparatus
for q telephone dispatching system.
New-York tribune., 1912-08-14
Unclaimed Bank Balances.

The government of Canada in its official
return states that IN the Canadian banks
there ere unclaimed balances amounting
TO SS76,lf unclaimed dividends OF S,65J
and bills Of exchange Of 1881. The larg-
est amount unclaimed is in the Montreal
city and district bank. $l22,07l; the Bank
of Montreal. sl19, 900; the Bank OF British
North America, $1,000 the Bank Of Com
merce, $500; the Bank of Hamilton.
$500 and the Union Bank. 81, 900 Many
OF the other banks have smaller amounts,
1t is now thought that the government
Will absorb these balances. as the prob
ability Of claimants coming forward is
very slight
New-York tribune., 1912-08-14
MISCELLANEOUS STOCKS.

Interest 10 he added. lex dividend
New-York tribune., 1912-08-14

The mining camp Of Pachuca, Mexico
was discovered in 1542. and has produced
hundreds of millions OF dollars. and Is still
one Of the great silver mining camps in
Mexico. The camp covers an area Of
twenty miles square.
New-York tribune., 1912-08-14

Continued on fourteenth page.