davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
THE COTTON MARKET
Advances on Reports of Rains in
the Eastern Belt.

The slight gains noted in Thursdays cot
ton market were increased yesterday, on
reports OF rains and nervousness OF shorts
over the old crop strength. Prices made
new high ground for the movement, Octo-
Der selling up 10 l1.1c, and December up
to ll.Slc, or about s. Il bale above the level
reached just before the governments June
figures on condition were made public. The
result was that the market closed steady.
at net advance Of ten To fourteen points.
within Il point or two OF the best, and
within AN average OF thirty points OF the
high record Of last April when crop scares
sent prices kiting. The opening was firm,
at an advance Of six TO eleven points, and
there was no reaction Of consequence at
any time during trading hours. Southern
spot markets were unchanged to sc higher,
and the local market showed an advance
OF ten points. to ll9oc, for middllng up
lands Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
THE SOUTHERN RAILWAY
New Equipment Orders in Sight
According to President Finley.

| The Southern Railway, according to IN
| formation obtained from President FINLEY
yesterday, is asking for bids on ten Paclnc
type passenger locomotives ana thirty
freight locomotives Of the Mikado type.
all of these locomotives to be fitted with
superheaters: twenty first class steel frame
passenger coaches, five steel underframe
combination baggage and express cars, I'VE
steel underframe combination baggage and
mail cars, two dining cars, 200 steel under
frame ventilated box cars, $50 steel under
frame automobile cars and 100 steel flat
cars. This is in addition to five Pacific
type passenger locomotives and four dining
cars recently contracted Tor.
President Finley says:
"Twenty-six thousand two hundred tons
Of steel rails are being purchased for the
Southern Railway and It's affiliated COM
panies. This rail will be bought largely In
the Birmingham district
ION account of the continued increase in
business in the birmingham district, the
North Birmingham freight yard is to be
further developed.
Substantial progress is being made with
the construction of thirty-six miles of
double track on the main line of the South
cTn halfway HOrtu VI AlidHtd, peN"SOh
Crosskeys, Ca, and Gainesville, Ga. and
about twenty eight miles OF this track will
be placed in service on June IS, In time for
use in connection with the movement Of
this seasons peach crop
"On account of the increase in traffic
over the Cincinnati, New Orleans & Texas
Pacific Railway, in connection with the
Southern Railway and the Alabama Great
Southern Railroad. the line OF that road
between Erlanger, Ky, and Williamstown.
Ky, twenty nine and a half miles is to be
double tracked, giving the company APP
proximately thirty-seven miles OF double
track southwark from the Ohio River. To
facilitate the movement Of trains into and
out Of Chattanooga, Tenn, the Cincinnati,
New Orleans e. Texas Pacific line from
Boyce to Citico is to be double tracked.
and to provide for increasing traffic and
, facilitate the exchange OF cars with the
Southern Railway at Hartman Junction,
Tenn, the Cincinnati New Orleans g.
Texas Pacific freight yard at Oakdale, just
north Of Hartman Junction. Is TO be en-
larged so as to give It an additional capac-
ity Of 155 cars"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
MORSE IN STEAMSHIPS AGAIN
Eastern Steamship Corporation
Gets Dominion Atlantic Line.

Control OF the Dominion Atlantic Rail-
way Steamship Company, It Is announced.
has passed to the Eastern Steamship Cor
poration. which Is controlled by friends OF
Charles W. Morse and with the manage
ment OF the lines comprised in which he
has in the past been prominently identi-
fed: and II is believed in Wall Street that
this transaction represents the first move
OF Mr. Morse in his effort TO rehabiiitate
his fortunes. and that the negotiat atoms lead
ing UP to II were largely conducted during
his recent visit to his home state OF Maine.
where the Eastern Steamship stock is
largely held.
The former owners OF the Dominion At
lantic Railway Steamship Company. II is
understood. have received I'm part for their
holdings $4,000 common stock and $500. 900
bonds OF the Eastern Steamship Corpora
ton, which takes over the three Dominion
Atlantic steamers. the Prince George, the
Prince Edward and the Boston. The pur-
chase has been financed by the formation
Of a new Canadian corporation. the Boston
and Yarmouth Steamship Company. the en-
tire $4,000 capital stock OF which will be
held in the treasury OF the Eastern Steam
ship Corporation Representatives Of the
latter company are among the Incorporate
Ors OF the Boston and Yarmouth company.
The Dominion Atlantic Line operates a
service between Boston and Yarmouth, with
six sailngs n week In each direction I'm the
summer months. The taking over OF con-
troll Of this line by the Eastern Steamship
Corporation places the latter practically in
full control OF the all-water routes be-
tween New York and Maine points and
also between Boston and the maritime prov
inces. Calvin Austin is president Of the
corporation. which was formed In Deem
Der. 1911. taking over the Eastern Steam
ship Company. a consolidation OF the Bos-
ton and Bangor Steamship Company. the
International Steamship Company, the Ken
nsbcc Steamboat Company. the Portland
Steamship Company. the Rockland and Blue
Hin Steamboat Company and the Portland
and Rockand Steamboat Company. and
which also operates the Metropolitan Steam
ship Line and the Maine Steamship Com
pany in addition to It's latest acquisition.
the Dominion Atlantic.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
New York. June IA, 1912

GRAIN-WHEAT-Was under further SELL
Ing pressure. closing near the bottom with
net loss OF :. I2c. The rain OF Thursday
worked eastward into Indiana and Illinois ana
indications pointed TO general rains from the
Mississippi to the gesboard which meant that
practically the entire wheat belt east or tho
Rocky Mountains had received good wettlns
down. report by the secretary or me
Northwestern Grain Dealers Association, IN
dicatns an increased acreage In the Canadian
Northwest. had influence on the market, al
though prices In Winnipeg were relatively
arm. Reports from Europ. we're rather pull
Ish, and tho French government has removed
the import duty ON wheat providing an equal
amount OF manufactured product shall be eN-
ported. No = red here. 81 l74. domestic basis,
and export, 81 I'm o snoet, both TO arrlNei
No 1 Northern Duluth, 81 22h . b anoat.
CORN-Prices gave way IN sympathy Win
wheat, closing at net decline or : = q
Cash markets were fairly steady ana IN
changed TO Isc lower. Export corn here 81 = c
O b adoaL OATS-Showcd resistance TO
pressure early but prices were easy late.
closing At a net decline OF Is e &c. New
standard oats were said to have been pur-
cnased at Illinois points for July shipment at
44c track. but # was hardly expected 10 ar
rive in Chicago before August. Cash oats
easy. standard white. GO4c In elevator; No
2 blI4C; no D. BOhc. No 1. 09.c; natura!
and white clipped, 6OG64c on track RYE
Nominal BARLEY-Quiet, mailing. 81 l59
81 -. 4 Buffalo. Wheat. including flour,
exports for the week. according TO Brad
D. sos Gq3 last week ard 2,0I0,062 last year;
sincc July !, 1874 47i,isI bushels. against 49,
256s7s last season. Corn exports for the
week 1884 bushels, against l0O,OIs last week
and $50 1856 last year; since July i, ~, lI2, ii
bushels against Is. 1888. 353 last season.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
ONLY TWO REDUCE RATE
German and North Side Savings
Ranks Adopt 3 10 Per Cent.

The Greenwich Savings Bank has de-
cIared its semi-annual interest on deposits
for the July period at the double rate
maintained by it for about two years. per
cent on deposits up to 1900 and Sla per
cent on all amounts in excess Of that
egure. The only institution which has not
vet acted on the July rate is the Dry Dock
savings Institution, which will make no
change in its Sh per cent rate.
The banks which months ago declared in
..rest AT the yearly rate Of per cent are
,ha broadway Savings Institution, the
t,ronx. Commonwealth. Emigrant Indus
trial. Excelsior. German, Maiden Lane,
metropolitan, New York. North Side ana
universal Savings banks. the East River
sayings Institution and the Seamen's Bank
Cor Savings. OF these the only ones which
nave adopted the Sls per cent rate at this
,,rna nave been the German and North Side
ca wings banks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
INTERNATIONAL NICKEL
Growth of the Company Rapid in
the Last Three Years.

The International Nickel Company, tho
principal mines OF which, located AT
sudbury Ontario. contain the largest
known deposits OF nickel ore, has with the
fiscal year ended May 81 completed ten
years OF corporate existence. Its most rapid
growth has been In the last three years.
in which period also It's largest earnings
have been reported and its largest dividends
paid. its development having been the re-
suit of the policy OF building up the various
properties and OF the increasing demand for
nickel steel.
About 81 10000 was put into the property
from earnings before dividend payments
were begun, In 1867. In addition to S,ZI6.J33
extended on new construction, equipment
and additional property I'm the ten years
Of the company's existence there have BEEN
expenditures of S2,3Z7.776 for plant deprecia-
ton. slO5O.5I6 for mineral exhaustion and
81 .08i. 900 for sinking fund requirements all
ont Of earnings and s., 42l. 693 for property
depreciation has been charged out OF the
surplus The company now sets ASIDE ~
cents a ton on ore mined to provide Tor eS-
haustion Of it's minerals
Total income for the ten years mas Deeh
sof gD7 90 and net income, $25,OS,4n, ana the
dividend payments have aggregated ~
200 3l4. The balance OH the common stock
for the last three years has averaged 25'S
per cent. about % per cent having been
earned in 1911. Dividends were begun on
the preferred stock In 1907. when per
cent was paid and. beginning with the
following year. the rate has beeh per
cent Dividends on the common started IN
| to1o and the shareholders Of this class have
received in the last three years totai dl'i-
dends of Sc per cent. In ADDITION TO re-
ceiving the cash dividends, the stockholders
have been allowed 10 subscribe To $4,000
new common stock at par, which has given
the equivalent of stock dividend with d
,aiue of about 81 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
LIVESTOCK MARKET.
New York. juno IL Iglo

New YORK, June IL. l312.
BEEyEs-Receipts. l07 cars, or l.S75 head
IA cars on sale Steers active and fully l0c
higher; yards cleared a. &c Ordinary to choice
S5as7 so: cows SO 35as6 60. Dressed beef
slow but nrm at 12Gi3hc per Id for native
sides No later cables. No exports from this
sales-Kerns Commission Company: Penn
sylyania steers, 1850 ID average. So % per 100
10; q, 115s 10, IS 40; 2 bulls. 1475 h. SO so: 1.
900 10. 50: I, 1880 ID, IS rs; 8 Maryland. III
III SO so: 5. 1140 ID, SO 35; |. 1880 h. IS rs; s.
ss4 Id. SIS: cows. 100 10. SO To- I. 900 h.
So 80; q $50 10. IS; 2. $40 H. 81 rs ., 100 ID.
81 rs: 3. $50 ID. 81: !. ESQ ID. 50 go l. 600
ID, So
Tobin & shannon 10 Illinois steers, 1913 H..
SIS so; . bulls 1900 10; 81: 2, 1865 Id. SO,
h. IS 90: hull; 1850 ID, 81 40; 3. lii -.
81 ~: q, SIS h. 81 so; :. 7ss Id. So 80; 2, 500
/ 10. IS 80.
& Sanders: 20 Kentucky steers, 03s IN,
q is. ( heter. $50 III. 81: . bulls 1910 10,
81 So 12l2 ID. 50; 2 1890 Id. IS So: 2. 500 ID.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15

PROyIsIONS-Inactive and easy, In sym
rathv with a decline In grain and moderate
demand. PORK-steady; mess. $50 5o4s2l ;
family sh9ri Gs9T TO- $40 ,n 2Igs2
ass 90; packet, si7gsi7 80; extra India
ms3i. DRESSED HoGs-:Easy: bacons, loh
~ iosc. rigs, IONc. CUT MEATs-Pickied
bei,ies dull? 10 lb 11G11%c: picked hams
ouiet, ieit a12%c. TALLoW-steady; spe-
ff'aaiRfpUEasy; middle west. lo.eO81o zoe; city
south America. 12.1oc; Continent, l.35c; Bra
~ u.s. H. IOc; compound dull S&40tc.
SSTERPINE-Oleo. 15c asked city lard. IL y
ACoPPER--standard dull; spot and
L. Ia 75I1725c: July, 16.sTh u II. 25c;
auwnist and september. 1873 u ql7.3TIsc; lake
conner, ITH ai7%c; electrolytic. 17hc; casting.
FUTURE. rs !5' TIS9siss; Gs tss sS
OK: August, A3.T5a abe; September. ~ T5
~ 10 soc' October 42.50q43c. Local sales. %
49, U,iy ,iew York. at 4475c. London dull
IONS ,ooa Cor spot and t105 15s for futures.
az n Firm. New York AS 4.55c; East ST
Iants ia5Gf4 soc. Sales. 10000 spot New
YYorE ar 4 45c and $4,000. August. East 81
Louis. at 4.i5c. London. az los, spELTER
L Idr,s 40 re- soc IRoN-Clcveland war
ran1s 5Ss 16isd. Locally UNCHANGED: No I
s'ndr,, Tor,hern, SIS 20 1915 10; No Q S14 rs
GsID IS: No I Southern and soft. SIS 500
S'ccGrTTONsEED OIL-Business was extremely
small and II WAS apparent that both buyers and
sni,e,a were waiting for developments. The
values and prices were barely steady. closing
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
STAFF REoRGANIzEo

The Biscuit and Cracker Manufacturers
Company. which acts as purchasing agent
for about eighty OF the larger independent
bakery. cracker biscuit and confectionery
plants of the country. has reorganized its
operating staff and has elected new on
GERS as follows: President Brooks Nor
gan, of Atlanta; vice-president, A. p.
Streitmann, of Cincinnati; secretary. w.
NJ. Brownell, OF New York; treasurer.
George r. Washburn. of Brockton, Mass.
and general counsel, Cornelius w. Wick
ersham. The new secretary, Mr.. Brownell.
will be In charge of the purchasing de-
partment, the offices of which will be at
No. lO7 Hudson street. this city
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
U. s. TREASURY FINANCES.

Washington. June H.-At the beginning OF
business to-day the condition OF the United
States Treasury was
Working balance In Treasury offices, $6S.-
065. 6o9.
In banks and Philippine Treasury. $685..
SILL
The total balance In general fund was
$l29. 1s2, 326.
Ordinary receipts yesterday We're $50. sos,
with ordinary disbursements of $50 1871
The deficit to date this fiscal year Ia
219. as against a surplus of $.eio.Ss at
this time last year.
These figures exclude Panama Canal and
public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
TRYING ANOTHER TIN CORNER,

The London manipulators Of pig tin are
reported to be making another effort to
corner the market for that commodity and
the price is again rising. The United
States Steel Corporation, which keeps on
hand a supply OF several thousand tons Of
the metal, has several times ended the
corner by making sales to independent
consumers in this country at prices much
lower than those demanded by the inter-
ests in control of the London market. 1t,
is said to be the purpose of the Steel Cor
poration to follow the same course again
II the English clique shall advance the
price TO too high level.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
MOLAssEs AND sYRUPs-

MOLAssEs AND sYRUPS--Quiet and I'M
changed.
NAVAL STORES-Sprits turpentine steady
and shade higher at 4S1sc. Rosin and tar
quiet ,nd unchanged.
OILS inseed oil unchanged. Refined petro-
leum steady at sGOc for standard white In bar
rtls at New York.
RICE-Steady; business fairly liberal prices
unchanged
SUGAR-Refned dull and unchanged at J.lOc
net. less . per cent cash, for fine graduated
In London beet sugar quiet and 4td lower
June July and August. lis l0l2d. Raw here
was easy. Sales were $4,000 bags Cuba centrit-
ugal July shipment at = 9-i6c, basis 90 test,
cost and freight, equal to 3.92c duty paid, but
further offerings OF July were not taken. Buy
ers would pay equal TO 1850 for June shipment
and that was bid for prompt shipment spot
prices were: Centrifugal, % test, 1856 to 39Zc;
muscovado 50 test 3.56 to 3.42c. and molasses
sugar. 50 test 81 10 317c. Wlett q Gray
Total stock of Europe and America, LBS $50
tons. against 246I, 464 tons last year at the
same uneven dates. The decrease OF $40 stock IS
LIS go tons. against decrease of 3OO35o IONS
last week Total stocks and ahoats together
show visible SUPPLY Of 2456,7 s5 tons against sd
., $50. AGA last year, or a decrease OF iSZ'o'V
tons
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
BOSTON WOOL MARKET.

Boston, June 1.-THE Commercial Bulletin
o-mOrrow will say OF the wool market:
while wool In the Boston market has not
been neglected this week. the chief interest has
centred In the West. where the high prices of q
week ago have been fully maintained generally
both in the territory and fleece sections.
sales Of the week have been principally OF
foreign and new territory stocks. although more
or less old territory wool has also been disposed
OF at full rates. There ia tendency 10 higher
prices, both on foreign and domestic wool-par-
ticularly the latter-in this market.
The shipments Of wool from Boston from
January l to June ~ inclusive were i29. 049. 2e3
pounds. against 90 26+ ga for the same period
last year. The receipts from January I 20 June
- inclusive were 49,, 034. 800 pounds. against
1O8. 900 $50 for the same period last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
STEEL HEARINGS ADJOURNED.

Upon agreement of counsel hearings in
tho governments suit for the dissolution
80 ,he limited States Steel Corporation were
a. iourned yesterday morning until further
ro,,cc Jacob NJ. Dickinson, counsel for
60 government, said the next session
would probably be held on Monday
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15
CHICAGO GRAIN AND PROVISIONS

Chicago. June 14.-Wheat prices collapsed to
day under the influence Of rains that meant
widespread benefit to both spring and winter,
last night. The leading staples, too. showed a
net decllne-corn. Sqlhc; oats, Sasc, and
provisions. 5q7hc 10 17isc. Wheat finished az
virtually the lowest point reached On the present
downturn. and the market was heavy all day.
Liqudatng sales persistent enough TO
cause suspicion that the larger longs had been
selling Lack OF public demand for futures
counted hard In making quotations recede. and
mers showed themselves backward in calling
for cash wheat. Range OF prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15

The weekly movement ngures OF the New
York Cotton Exchange follow; Port receipts,
% 942 bales. against l2Do6 last year; overland
to mills and Canada, 0. 1853. against BASS last
wear: Southern mill taknBs, estimated 80. 900,
against 1000 last year: loss OF stocks at In
terror towns, gslg, against 12,IH last year;
brought into sight for the week. 53,6S6, against
~ 723 last year. Total crop movement: Port
receipts II, 81, $40 QO.5s7 added receipts New
Orleans etcD, against S,4sI.7s3 last season
overland to mills and Canada, 97l,S74 against
el0 ga last season; Southern mill talings q
h90 900 against 2,O05.0 600 last year; stock at in
tarior towns I'm excess " September |, 10, 4g6,
against 81 Osi last year; brought into sight FOR
the season 49, 24s9g against n,6li,HG last
wear The total crop movement Is FOR 2sS days
liverpool cables: spot In good demand: sales.
IA ODO bales; speculation and export, 1000;
American ~ COO Imports. 10000; none AmerI-
can Middling upland. $3.50: Futures opened
steady unchanged 10 y point higher: closed
drm d. TO s points higher; June. 6.47d; June
July, sl6lsd; July-Augnst. $50; August-sep-
teniber, O. 49, 7d; September. October. $500; DC
,oher Hovember 8.34Izd: ACKNOWLEDGEMENTS.
q aid: overwhelmingly and January-Febru-
Srv n 32d: February-March. 8.32Hd: March
I'm n aaisd: April May 834sd: May-June.
G.5Id Manchester-Yarns hardening: cloths
quiet and hrnl
oSssd stcady at an advance OF 7 to 10 points
az much better cables than due, and heavy
ya,rs In the eastern half Of the cotton belt
which increased buying orders. The an
nounccment from Washington that the acre
age renort and the second report on condition
~ This season would be Issued on July
I,onsht out fears OF bulish acreage figure;
,,oin Long buying featured the afternoon
session and the closing was marked by a
no, ADVANCE OF 10 to IL.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-15

lowest paid OF railway employees in this
country, receives greater commentator
than many of the railway employes of
France, even those of higher grades and
with responsible duties In Italy the COM
pensation is nearly two-thirds less than
that of the United States.
A recent report on railway wages of the
English Board of Trade shows that the av-
erage weekly allowance OF the engine driv-
ers in the United Kingdom in 1907 was
Sll IL: that of the firemen, So 81. In the
same year engine drivers on the great
American railways received an average
weekly pay Of s25 so, counting six days to
the week. and the fremen SIS a.
The salaries of the typical engineman In
Germany amounts Tor 1908 to 1916 IS; in Aus
tria TO $50 50; of fireman in Germany to
1924 50; in Austria TO 1852 OS. The yearly
compensation Of enginemen on two Of the
more important rails Of France ranged in
1908 from $5o5 &c TO 1896 81, and OF nremen
from 1924 "a to $595 9S. In Italy enginemen
received in 1903 salary and allowances
from 1851 10 to $s12 20 a year fremen, from
$3.50 80 to s475 05 annually. In these CONT
mental countries the maximum pay is re-
ceived only after many years OF faithful
service.
In the United States for the year 1908. on
an estimated basis of 500 days service, the
enginemen received $1.3S5 and flremen S792
in this country the rate of compensation to
these employees does not depend on length
Of service, but ability TO handle the situa-
ton.
To rent a three or four room house or
fiat in Berlin, Paris or London is normally
as high as in the United States; but in
England and on the Continent II usually
runs from $50 to 500 less annually. The
quantity Of food; estimates by the Board of
Trade of England consumed by a typical
worhngmans family costs In the United
States us per cent more than in France or
Germany; 1858 per cent more than in Bel
GUM and 3 per cent more than In the
United Kingdom.
Germans Bidding Here.
Germany is said TO he bidding again for
money On the New York market. This time
the loan seems to be for the thrty-day
period, and per cent thus far is bid. Some
money has already been loaned on this
basis. The loans are 10 carry over until
July |.
German bankers have, however not been
idle before this date, but have been pre-
pairing for the coming semi-annual period
of financing. But to avoid having their
presence seen in this market have paid
considerably higher for their accommoda-
tons elsewhere, and had borrowed enough
money for two months in the latter half Of
May. one bank is said TO have loaned as
much as 100000 to Berlin for this ma
turity
The German bankers will probably renew
whatever loans that they have outstanding
here at this time, as there is no object in
adding to the present stock or IDLE FUNDS
in this market.