davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
TO RAISE FREIGHT RATES
Transcontinental Lines File In
creases to the Pacific.

washington. Aug General increases
In freight rates on commodities. 10 be-
come effective on September , are pro-
posed IN new tariffs filed by tho trans
continental railroads with the Interstate
Commerce Commission. While tho new
rate. are designed 20 meet the commits
s!on's decision In the Spokane, Reno and
Phpnix ratio cases and would reduce
rates 20 the intermountain territory, they
materially increase rates from all the
East 20 Pacific Coast points
The commission has not checked up tho
tarlfnc with present rates. but such OK
animation as has been possible indicates
that the increases 10 the Pacific terminals
arc considerably greater than the rcduc-
lions to the iuter-Rocky Mountain terri
tory.
The railroads say that some carload
rates TO terminal points arc advanced on
commodities which are not subject 70
water competition to any great extent
This adjustment, they point out, creates
IN advance 20 the terminals. but reduces
the rates 10 interior destinations
\ thorough examination OF the tariffs
will DO made by the conmission. and
should they be deemed unreasonable they
will DO suspended. Already protests
against them have been made by some
shippers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
THE COTTON MARKET
Rallies from an Opening Break,
but Closes at a Decline.

The feeling that reaction was due
served to check drop which at the open
ing carried the market into new low
ground since the bull movement started.
Closely following the July government re-
port there was an advance OF close TO 50 10
bale, and since those figures were
touched there has been reaction of 10
30 1l5 points. or over s. a bale. II was
this change IN prices which served TO
steady the market ard recover a large
part OF the early loss. Fluctuations were
sharp. tho opening, which was at de-
cline Of 10 u points. being followed by
a rally OF about - points, with some OF
the late trading losing or 10 points Of
the advance on reports Of lower Southern
spot markets aud freer offerings in the
Southwest. The close was easy at a net
decline Of 10 4 points. Southern spot
markets were unchanged 90 isGAc lower,
and tho local market showed a drop Of
10 points, 10 12.6Jc for middling upland
Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
CONFERENCE ON EDUCATION
Twenty-one States Represented at q
Convention in Minneapolis.

Minneapolis, Aug thanking establish
ments and educational institutions OF
twenty-one states are represented at the
annual conference Of the committee on
agricultural development and education
OF the State Bankers Associations, in
session here to-day
"Ehlclercy OF the coming generation
was the motive for the meeting OF what
Joseph Chapman. jr., Of Minneapolis,
chairman of the gathering called the
worlds greatest movement for practi-
cal education" More than one hundred
delegates were present, as also were many
men and women from the Department OF
Agriculture at Washington.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
ITEMS OF THE STREET.
There was practically no business yes
terday for foreign account

There was practically no business yes
terday for foreign account
The following dividends have been de-
clared: American Smelling and Refining
Company regular quarterly Per cent OF
the common stock and Ia per cent on the
preferred stock Pittsburgh Steel Com
pany regular quarterly ia per cent on
the preferred, payable 10 stockholders OF
record August II; Federal Utilities 1ncor-
porated IA per cent on the preferred
ps yab!e September 3: studebsksr Corpor-
alton. regular quarterly 1E per cent on
the preferred, payable September Il;
American Tobacco Company. regular
Quarterly ga per cent on the common
and an extra dividend OF 20 per cent on
the proceeds Of the sale Of securities. pay
able September 3.
The first bale Of cotton from tho new
iei. cotton crop was on exhibition in
front OF the New York Cotton Exchange
Yesterday. The bale came from the Pet
way Seed Farm, Eastman, Ga. and was
consigned 70 Carpenter, Baggott & Co., Of
New York.
The New 1orK ctOSh bAC"dhsS uIOS-
tory for July, 1872. is now ready for dis
tribution.
The United Fruit Company has gent In
the formal notice 20 the Stock Exchange
OF its proposed increase in capital stock
from, S5. $4,000 to s4o0Oo,o9o.
The Standard Trust Company OF New
York is now in a position TO deliver the
capital stock certificates in exchange for
voting trust certificates OF international
Harvester which were left with the trust
coropany In the first part OF August
A petition IS now being signed by the
members OF the New York Cotton En-
change to have the exchange cIosed on
tbs saturday preceding Labor Day.
Henry Block has been elected a director
Of the German American Bank.
Newman Erb, president OF the Mlu-
neapolis & 81. Louis Railroad Company
left for the West again yesterday. inc
object OF his trip is to inspect a scctIoil
OF the Minneapolis G. 81. Louis hnes ana
then proceed 10 the Yellowstone Park for
a few days recreation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
WANTS MCNAMARA SERVANTS.

James McGowan' sergeant OF police
from San Francisco, visited Police Head
quarters yesterday to make arrangements
fo- taking back with him the servants OF
Mrs Nicholas ]. Mcnamara. who were
arrested at the Hotel Knickerbocker on
IuIv y ON n charge Of tho larceny OF an
automobile belonging to Mrs. Mcnamara )
husband. He said that he expected Mr..
Mcnamara would be in this city either
Yesterday or to-day. as no started East
on the Same train with him.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
EDISON. WHO'S He. IN oRANGEa

West Orange. n. J.. Aug. THAT a
prophet is not without honor save in
his own country was illustrated here
last. night. when Mrs. George Merck, a
member of the Board OF Education, failed
to got hor colleagues TO agree with her
as to the propriety OF naming a new
public school for Thomas A. Edison. The
majority Of the board decided that Fair
mount would be better name. because
the school Is to front on Paramount
a,auua
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
SUNDAYS NETWORK TRIBUNE
Mailed anywhere in the United
States for 81 30 a year.
U. S. TREASURY FINANCES.

Washington. Aug. AT tho beginning OF
hu.lnes. to-day the condition OF the United
states Treasury was: Working balance In
Treasury Offices. s9s.3s92l9 IN banks anu
Philippine Treasury. S3S'ooo'''o' totai OF
the general fund. s1e3.954.7So; receipts yes
to-day, s2311.Ss6: disbursements Sl'o"o' r.
s15; surplus 10 date this fiscal year'Sl'o-@'-
800 as against q dehcit OF sl4seo'ois at
this timo last year These figures exclude
u,,sna Canal and public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
PAYS sl,oOo,OOo FOR ROAD
Norfolk & Western Gets Interest III
virginia Carolina Line.

Norfolk, Va, Aug. THE NorfolK q
Western Railway Company has bought d
half interest IN the Virginia Carolina Raj
road from President MInges. who built IL
and has been operating Il. II is reported
that the price paid was 100000
The virginia-Csrolina road is apou'
nfty-ore miles long. extending from
Abingdon, Va. to Kennarock. va. fresi-
den, Minges expected TO extend 1t through
A.he County, y. c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
CAUGHT IN A BLIZZARD
Tourists Nearly Perish Of Cold Near
Colorado Mountain Summit.

Steamboat Springs. Col, Aug. Pacing
death in a blizzard OF the west slope OF
Ethel Mountain. almost ready to drop In
their tracks from exposure, the party Of
tourists who started for the summit OF
the mountain on Friday night TO see the
sun rise OH Saturday morning was found
last night by one OF the three Searching
parties sent out from here.
The four women IN the party were al
most exhausted and had TO be held on
their horses during the trip down after
their rescue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
BUSINESS TROUBLES.

Tie following petitions in bankruptcy were
stod yesterday In the United States Court:
EVERY woMAN's MAGAZINE. No. 14e
Uest 36th street; involuntary. Liabilities said
~ be S35 GOO: assets. about $1,000.
RREsLoF & slEGEL. No. 3Si5 Third ave
me. Involuntary Liabilities said to be
F'IISUN J. O'CONNoR. No COZ to c06 East
e7th street. involuntary. Liabilities said TO DC
81 600: assets, $1,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
PUBLIC UTILITY NOTES.

During the half year ended June 30 last
tho Iacleds Gas Light Company showed a
surplus OF f427 st3 after paying interest
and preferred stock dividends. This sur
plus compared with S23S2s IN 1911 for the
Same period. For the twelve months
ended December Il. 1911, net earnings ap-
plicable 10 common stock showed an av-
craze Of So per cent While 1911 was by
comparison an unfavorabhe year owing 10
reduction OF rates. present business Is
said TO be showing n continued improve
ment rs indicated in the report for the
first ak months OF this year. and the
year as a whole is expected 70 show the
largest net income In the history OF the
company.
The Texas Traction Company reports
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
OLD SHOE COMPANY FAILS.

Lynn. Mass, Aug. I'D. A. Donovan q
Co. incorporated. one OF the Oldest shoe
manufacturing concerns Of this city and
boston. made an assignment to-day to
the A c. Lawrence Leather Company
and Benjamin J. Hall, both OF Peabody
The company hid n capital OF Hbo'ooo'
The amount OF the liabilities is not
known
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08

is to be found In the report that even the
Chicago market displays more solidity.
Here we find a reflection Of last winter s
weather conditions. which cleared up
stocks on the lakes and gave an opening
TO shippers OF some Western brands, at
least, 10 forward heavy tonnages to a re-
ceptive market in the Northwest This
circumstance relieved the pressure upon
Chicago. and hence we are able to CLEAN
gratifying comment OF stability in that
quarter even before the middle Of August,
in the midst OF a period when the trade
generally, East and West, is often in the
depths Of despair. Soon September will
be here With its antumnal briskness and,
indeed, less than thirty days will see a
very general frrning up OF market condi-
tiOns.
Very little change develops in the an
thracite situation. All too often this COM
nient has been used with a tone Of de-
spondency at this time Of the year, but
now It signifies that trade is booming
along 10 such an extent as 10 Justify some
apprehension as 10 demand being met
Iron Trade Conditions.
In its issue to-day The Iron Trade Re-
view" says:
Great activity IN pig iron. with steady
but moderate advances in prices and ire
mendous pressure on mills FOR delivery Of
all kinds Of finished materials are prOIni-
nent characteristics of the present stu
alton. Policy as 10 prices varies among
mills In different sections. In the Pitts
burgh district premiums are seldom asked,
but Eastern mills are reaping a rich har-
vest. and in some cases are getting s. a
ton premiums. Men OF long experience,
who more than once have seen prosperity
spoiled by too rapid price advances, are
sounding notes of warning lest present
happy conditions be changed Tremendous
volume OF business has been transacted In
pig iron recently. II Is estimated that In
Pittsburgh and valley districts 100000
tons Of pig iron have been purchased since
July !, and heavy tonnage is still pend
ing. The railroads apparently are noting
the signs Of overlooking business being
sent In upon the mills and are showing
caution In early taking UP reservations on
tbs rail mills Tor winter rolling, During
the week about 100000 tons OF rails
we're closed for delivery during the hrst
quarter Of next year, and In addition from
so, 900 10 $4,000 tons for shipment during
November and December"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
BRIEF NOTES Of FINANCE
Paragraphs Of Current Interest
for the investor.

Now Il is reported that the Rosenthal
,nurderers have sneaked away to Buffalo
from the Adirondacks. leaving tho detec-
bvss to enjoy the salubrious mountain
climate all alone. Too bad. Hope they
haven't taken the stock market with them.
Missouri Paeifie's Prospects.
The prospects for Missouri Pacific are
not encouraging The property needs vast
sums Of money for betterments. and the
last statement showed deficit exceeding
$4,000 900. Dividend possibilities are not
within sight at present, but favorable
side Of the picture is tho fact that the
roads business Is improving and the turn
toward recovery has been reached.
Chinese Coal May Come.
The cheapness of coal in China and the
extension OF railway lines through that
country will probably be the means OF
bringing Chinese coal into this market
Chinese coal. unscreened, Is about IS cents
gold a ton, according TO consular reports
Seaboard Air Line.
meeting held at Atlanta this week,
attended by many fnanciers and Southern
business men interested In the future or
the Seaboard Air Line. considered among
other questions, q new directory Among
those who II is understood Will be on the
new board are Robert +. Maddox. OF At
Isnta: Mills 3. Land, Of Savannah ana
A. n Woodward, Of Birmingham. Ala. .
Davie, Warheld, chairman Of the execu-
tive committee Of the SeaooaTd AIT Lane
Railway. declined to discuss whom the
other Southern men were who may DC
olsced In the directory other than 70 say
,hst the South Is TO have voice In the
roads management
Imports from Rotterdam.
I'll. figures OF the Netherlands trade
Nth the United States in goods sent from
,b.. country are given IN the Consular
Report
INCLUDING returned American goods
valued at slG,5S5, the declared exports
from Rotterdam district TO the United
states during the quarter ended June w.
1912. amounted TO s2S2S, 3sS. Among the
principal items embraced in this to'ai
we're: Cheese. 81. 523; electric lamps. $685.
sOl: ferromanganese, sls,9l9; fertilizer
MEAS; fax, s-0,l72; sin, Sl02Si; g!ycerine,
81, ls3: hides and skins. s753, s67; machinery
osicing), N4,3lJ; msgnesite ground, tll,-
10: mother-of- pearl. SASS; fusel OIL, So
95s cleo stearin, SO. printing paper.
$l6,054, paper stock, SA,979; peat moss, ti'-
go potato -four, *S9, 90G; rice, si52,os2; rub
her. crude and waste, s35,024; rapeseed'
5000. cloves. S4.7l9 mace, CS,l5s; pepper,
sclc1s; tin. Ss46,07s; tobacco, s27,62t, and
lakewood, siJ,e3e"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
CURB ECHOES.

TIE Miami Copper Company is said 20
be earning at rate considerably in ex-
cess Of the 50 share being paid. The
MANAGEMENT feels confident that Miami
will be able 10 increase its monthly pro-
duction materially without increasing its
present mill capacity.
The reported output Of the Lake Su-
perior copper mines for the month OF
July is given as l7eo5,3S pounds Of fine
copper, and compares with an estimated
output Of IS, 1l0,Ol6 pounds In June and H.
10 o57 pounds for July, 1911.
Grizzly Bear IN the Goldaeid district Is
reported TO have drifted more than 100
fee. on the i,3oO feet level. All the ore
from the drift at this level is said 10 have
been shipped. though some Of II averaged
only SIS across the vein.
Jim Butler stock came into prominence
and active trading, with rising quotations,
on the ofncisl announcement that ye,ter-
day the mine had commenced shipments
OF its ore 70 the old Belmont mill. about
twelve miles east OF the Tonopsh camp.
Nevada Hills, one OF the WlnGfeld
stocks. appears to be dull and listless. but
traders say that all offerings OF this
stock are readily taken at 50, suggesting
the slow but sure method Of aecumula-
t!on.
Tonopah Merger continue. TO give the
curb traders exceptional opportunity 20
scalp, as the stock Ia having wide fuc-
tua.!ons and erb!trages With Western
markets. This stock opened sales AT
il-32 and advanced at the close 90 IL bid
on 100 share lots OF trading, which
means e gain Of s. % per 100 shares
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
INTERBORO RAPID TRANSIT

The annual report OF tho Intorborough
Rapid Transit for the year ended June 80
1872 shows a net equal To 1875 per cent
as earned on $4,000 stock. compared
with 1850 per cent earned on tho same
amount OF stock during the previous year.
The statement IL as follows.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08

BY ofoei " q -.
10 shares American Malt Corporation coz, an
by order OF trustee.
,,...,,. ,o- naynnent Of subscription OF Electric
p-oga.r,ies Conipsny. New YORK.. for 200
shares per cent cumulauy. Preferred siocA;
uron which sueserlp,,NH1 49, 81" an. ma arr
,ye with II a bonus OF D per cent 10 Electric
pron,-ties Company common stock 90 shares
'T"'
For accour, OF whom 1t may concern.
., shares broadway safe Deposit Company. 81
~ shsrss broadway Safe Deposit Company. Al
sSa 20 iron clad Manufacturing Company fTst
Tnortsase per cent gold bonds. 5000
q shares Importers aud Traders National
...pop
4, shs,.. New YORK Produce Exchange Bank
70 40 stsres plth privilege By transfel)
Wv lTOM-1I0's
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
Investment Bankers to Organize.

The first convention Of the Investment
Bankers Association Of America Will be
held this afternoon At . o'clock at the
Waldorf Astoria The organization Is
COMPOSED Of the leading investment oank-
ing houses Of the city and throughout the
country, The purpose OF the organization
is TO afford better protection 70 investors
from the numerous set-rich-quick schemes
ana bring about a closer relationship be-
tween investment houses. The meeting
to-day is largely for Organization busi-
ness. and Is held under the auspices or
the organization committee, which IN
ciudes the following New York bankers
J.. r. Franklin, vice-president OF the
Guaranty Trust Company; George Carr
Henry. Of William ,alonon & Co.; A. g.
Leach. OF 4. 2. Leach & Co; Allen G. HoYt.
o. y. ". Halsey & Co.; J. P. Swan OF
Kean. Taylor & Co.. and Harold b. CARR
% White, we'd & co. 4 number or ad-
dresses will DO made b. members ana
George 3. Coiwell. Of Chicago. Will pre-
side az the session.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
BOND DOTS.

The CITY OF Altoona. Penn. will receive
sealed proposals until 3 .. m August Is,
| 1912, for the purchase OF $4,000 coupon
! bonds. bearing interest at the rate or I
per cent per annum. payable semi-annu-
ally. Bonds TO be OF the denomination OF
! 1900 each, 10 be dated September l, 1872,
and mature September !. 1912. with option
on the part of the city 10 redeem them on
or at any time after the first day Of Sep
tember. 1892
| Tho Board Of Chosen Freeholdsrs Of the
County of Camden. y. J.. will receive
sealed proposals on Wednesday. August
ID. 1914 at Il O. m. for the purchase Of
! $500 road improvement bonds. Bonds
10 os Of the denomination Of 1900 each,
70 bear interest from August l. 1872 a.
tho rate Of ~ per cent per snnun. pay
able serni-snnuAlly, dated August 1, 1912,
and mature August 1, 1915.
Blue Island. Cook County, I'll, will re-
oeive proposals until 30 .. m August
I ) FOR the $4,000 ". per cen, funding
bonds voted June II. Bonds 20 be OF the
denomination OF 1900 each. dated July
:. 1912. and due 5000 yearly on July I,
from 1918 70 1877, inclusive. Interest pay
able ni-annnally.
Cohocton, Steuben County. y. T., II Is
reported. will receive proposals until
u m. August IS for $1,000 one 10 ten
ycsi serial paving bonds. Interest rate
10 be named IN bid.
Syracuse "a per cent one 20 twenty-year
serial sewer bonds were awarded 70
Rhpades " Co. OF New York, at ld2. ~
on Tuesday last
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08

LlerpOol cables: spot. IN moderate demand;
sales 1000 bales; speculation and export, 900:
American, 5000 Imports, 5000. none Amerl-
can. Middiing upland. 7.09d. Futures opened
quiet ar 5 10 o points decline closed barely
steady. az net decline OF 1919 to 10 points.
August. esd; August-Septomber, 6ISid;
September October. Sod October-Noyember.
sid. November December. 6.IJI2d: December
January and January February G.55d: Fehru-
March God Miarch-April, 6.5Td; April
May. 657 adj May-June. 6.5Ssd: June-July.
6bSd! July-August. sod. Mlnchester--
Yarns duh and easier; cloths, buyers hold Of.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
SECURITIES AT AUCTION.

The following securities we're sold yes
,erdav 81 auction at the exchange sales
room by Adrian II. Muller & Son:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
PHILADELPHIA STOCKS.
Rld.Asked

FURNISHED by Charles D. Barney 4 Co. No. =
Broad street. New York. and No. IL South
lth street. Philadelphia)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08

s,,NpAVs NETWORK TRIBUNE
Mailed anywhere in the onteo
States for 81 80 a year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
oil Records Of 1911.

7klahora's oil Industry is coming 20
the front very rapidly. While California
still holds the lead, more than million
barrels of oil gushed from the Oklahoma
oil districts during 1911. The production
% the principal oil states for 1911 are as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
STOCKS IN OTHER CITIES.
BOSTON STOCKS.

Furnished by Charles Head & Co, No ~ wan
street)
LAND.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
enoland's Big income Tax,

Great Britain's balance sheet for tho
scar ended March 81. 1872, shows that OF
the total income tax paid by the British
Isles England contributed the Hons
share. over S. per cent The aggregate
revenue was fls4.24S5O0; fl56, 27s, 900 Of thi.
total came from taxes, and E-9,91oo00 was
received from postal, telegraph and tele-
phone services. crown lands, Suez Canal
shares and miscellaneous sources.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
CHICAGO STOCKS.

,rnterest 70 be added.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08

New Orleans. Aug. 7.-LxceedingIy bearlsh
weather reports, quite generally counteracted
I'm cotton futures here to-day bv profit taking.
left the market at the close o points down to
8 Nd. comnared with yesterdsy.s final prices.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08

The Texas Traction Company reports
for the year ended June 30:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-08-08
Coal Trade Conditions.


The Coal Trade journal In its issue
Of August !, says:
"Car and labor shortages loom larger
and larger on the horizon, and the oin'-
culties experienced in one district ana an
other seem 20 spread week by week.
promising 20 merge soon, one into the
other. and cover practically the whole
country. OF course. generally good busi-
ness conditions throughout the land are
az the base OF the changed circumstances
That IL ever the cause of stable better
ments IN coal as IN other lines. without
such a handspring OF stimulation any I'M
provement IN coal conditions would be OF
only such temporary character, que 10
monetary conditions OF wind and weather
20 70 speak, as to suggest mere hash
Ia the pan. But with improving financial
and commercial conditions in the world at
large there is present the insugatins
cause Of such seven years OF plenty AZ
are told OF In Holy Writ Often have we
seen this allegoricaI reference exempiined
IL the course of business, as our nauonai
history develop. end II is gratifying 70
observe al the present time 80 many IN
dications tending 20 bear out the theoFS
that good times are soon TO be win u'
again, for this means advantage TO tine
coal man IN no uncertain measure.
Encouragement as to basic eonditV'os