davidaulloa/AmericanStories huggingface dataset:
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1912-02-15

RAID, HILLSBORO, OH
- -
Scarborough insurance.
The Rink on Saturday nights. Piano
and drums.
Better shirts and overalls at The
Economy Store.
Miller sells local view post cards
colored, for SC.
Dishes all kinds at lowest prices at
Tener's.
d Local view post cards at Miller's
Drug Store.
Baled Hay Fodder and Staw at
Richards Mill. (3-2D
Try can Of our 15c Talcum Powder
and you'll use no other The Economy
Store.
Mrs. George Umphlet, OF Belfast,
was the guest Of relatives here last
week.
Ask for Jumbo" the best sc roll of
toilet paper made at The Economy
Store.
Mrs. Winfield Shiras, Of Plttsburg,
Pa, is the guest of Hon. and Mrs j.
J. Pugsley.
Try the new ideal tonic laxative,
Fiyse n. You can get 1t only at
Miller's Drug Store.
Nyal's Syrup Of Figs relieves consti.
patton. Try bottle. Money refund
ed II not satisfactory. Get 1t OF Miller.
Thousands of new 'local view" post
cards just received at The Economy
Store.
Nyals hair tonic will. restore gray
hair to its natural color. You can
get it only at Miller's Drug Store.
Kirby and Walter Smith left Mon.
day for q months pleasure trip to
Panama They will spend few days
at New Orleans, where they will
attend Mardi Gras.
Mr.. and Mrs. A. b Mcclure and
children, Of Columbus, have been the
guests OF the formers parents, Mr..
and Mrs. Martin Mcclure, for several
days.
Attorney J. II. b. Kessler, of PEBBLES,
who is we'll known in the eastern part
of this county, is a candidate for the
Democratic nomination for representa-
tive to the state legislature from
Adams county.
Stanley Morris, of Hillsboro, and
Miss Ada Huston, Of Wayne township,
came to Wilmington Monday, and at
the Probate Ofii;e were united In
marriage by Esquire W. l. Stewart
Wilmington Journal
Edwin b. Ayres Is now licensed
pharmacist. He recently took the
examination of the State Board of
Pharmacy and last week received word
that he had passed, receiving the third
highest grade In the class.
Miss Josephine Roush left Monday
for Cleveland, where she will buy full
line Of Millinery goods for the spring
and summer season. She will also at
tend the Millinery Openings in Colum-
bus, Dayton and Cincinnati before re-
turning home.
The Ladies Altar Society OF st.
! Mary's Catholic Church will hold a
social at Carroll's Hall Friday even
ing, February 16. Admission 10 cents.
A centerpiece and crochet bag will be
given away at that time.
Thieves entered the chicken house
Of j. M. Wisecup, east of town, one
day last week and stole nearly all of
his chickens. They also stole some
corn. This is the second time Mr..
Wisecup's chicken house has been
raided
The Hillsboro lodge Of Elks has
rented the third floor OF the Iron-Clad
building for lodge room and three
rooms on the second floor for social
rooms. Mr.. Mcclure is remodeliny
the rooms and will have them ready
for occupancy by the lodge by March |.
Thirty members Of the Christian
Endeavor Society of the Presbyterian
church enjoyed sled ride to the home
OF Miss Mamie Buntain, east of town.
Thursday night. Miss Buntain had
prepared an elegant lunch Of oysters,
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1912-02-15

80 gG
You can get the best ironing table
on the market at Tener's.
Hirsutone, the ideal hair tonic, at
Miller's Drug Store.
Good crowds and good music at the
Rink on Saturday nights.
~
Mrs. Isaac Cohn attended the Millin
cry openings at Cincinnati Tuesday.
Cure those frost bites by using Mil
ler's frost bite remedy. Guaranteed.
Ike Cohn has been confined to his
home for several days with severe
attack Of stomach trouble.
Sixteen different views on colored
post cards at Miller's Drug Store.
Mrs. G. e. Bell is at home, after
few weeks visit with relatives at
Marion.
George Shepherd, Of Atlanta, Ca,
spent several days last week with his
father, +. r. Shepherd.
Who would not give 25c to cure
frost bite2 Try Miller's frost bite
remedy.
New line paddock" trousers, best
values ever offered for 81 and S1.5O at
The Economy Store.
Have you seen Bells special "Break.
ing Plow ?" Cast shares for Imperial
plow at As cents at Hillsboro Impt. Co.
Mrs. Elizabeth Drummond, of
Topeka, Kan, is visiting Judge and
Mrs. j. Frank Wilson.
The ladies Of the Christian Church
will give chicken supper at Carrol's
Hall Thursday evening, February %.
Mr.. and Mrs. Sam Griffin and son
spent Sunday with Mr.. and Mrs.
Joseph Townsend at Lynchburg.
Miss Edith Laymon was the guest
of Mr.. and Mrs. John Laymon, at
Lynchburg, Saturday.
Frank Kier has purchased the bar
ber shop at Mowrystown and he and
his family will move there soon.
Mrs. ii. ID. Davis fell on the porch
of her home in Cleveland one day re-
Gently and broke both bones of her
forearm.
Mrs. S. p. Van Pelt has been confin.
ed to her room since Saturday, when
she suffered an accident in which she
scalded her feet.
Mrs. Henry Graham Brown, of Pitts
burg, Pa, arrived here Saturday
evening for visit with her parents,
Hon. and Mrs. j. j. Pugsley.
Mr.. and Mrs. Louis Stanley were
the guests of the latter's parents, DR..
and Mrs. Murphy, at Lynchburg, Sat
urday and Sunday.
Mr.. and Mrs. Harry Colvin and Mr..
and Mrs. Charles Hart will move here
from the Cowgirl place near Barrett s
this week.
Miss Flossie Watts, of Marshall, was
the guest Of her sisters Mrs. j. Ed.
Shannon and Mrs @. w. Farley, Satur-
day and Sunday.
Mrs. Herbert w. Post, of Battle
Creek, Mich, after visit with her
daughter, Mrs. Blair M. Boyd, return.
ed home Monday.
Mrs. S. W. Hiestand, who has been
the guest OF Mrs. j. w. Hiestand, at
Columbus, the last three weeks, re-
turned home SATURDAY.
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1912-02-15

The manufacturers not only claim
The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1912-02-15

@cas SsgsE "a
Get one of those small aluminium
sauce pans at Tener's, only l0c.
Roland Rogers spent Sunday In
Cincinnati.
Peroxide 10c, Talcum Powder, seven
kinds, sc to 2Oc at Tener's.
The Rink on Saturday nights. Piano
and drums.
Enameled ware all kinds and at all
prices at Tener's.
Perry McCoppin spent Saturday
night and Sunday in Cincinnati.
Miss Gladys Rudisill is visiting Mr.
and Mrs. c. G. Young, at Columbus.
One.half pint, pint and quart milk
bottles and milk bottle caps at TIE er's.
}. N. Wisecup recently gave his
daughter, Mrs. Lizzie Leota Brown,
$500.
One and one-half pint aluminium
sauce pans, Introductory price l0c at
Tener's.
Mrs. George w. Gill, of Columbus,
is the guest OF her sister, Mrs. j. j.
Pugsley.
All the banks OF Hlllsboro will be
closed on Thursday, Feb. %, Washing
toms birthday.
We are all liable to go wrong, but
you can't go wrong In buying goods
II you buy at Tener's.
r. G. Gaddis, who has been at
Eustice, Fla, for several months, has
returned home.
Miss Hattie Shotwel went to Gin
cinnati Saturday for two weeks visit
with relatives.
Mrs. John +. Nelson Is visiting
Misses Gertrude and Edith Gardner,
at Washington, q. ii.
Miss Mamie Wright, of Highland,
spent Saturday and Sunday with her
sister, Mrs George Cooper
Dick Patton of Columbus, was the
guest OF his mother, Mrs. s. N. Patton,
Saturday night and Sunday.
Misses Lucy Ridway and Mary Jones,
OF Samantha, were the guests of Mrs.
Walter Rogers, Friday evening.
Harry Dillon, Of st. Paul, Mimi, was
called here last week by the illness and
death of his father, Il. M. Dillon.
Miss Ruth Kent is In Columbus and
Cincinnati this week buying her stock
of goods for her new millinery store.
John McGinnis and family expect to
remove to Hillsboro at an early date.
Adams County Record, West Union.
Miss Jane Clelland, of Lancaster, re-
turned home Thursday, after few
weeks visit with Mr.. and Mrs. Elmer
Ogden.
Six quart enameled cooking pots
with tin cover, triple coated and
white lined 35c. Eight quart, 40c, at
Tener's.
Mrs. ]. B. Worley and daughter,
Miss Sara, we're the guests of friends
at Cincinnati from Saturday until
Tuesday.
More than billion dollars worth of
manufacturers passed out of conti-
mental United States In the calendar
year 1911.
Special Genuine Cosmo- buttermilk
soap regular price l0c per cake or 3
cakes for 25c. Tener's price 15c per
box, 3 cakes In box.
Hoyt Leininger, Of Lynchburg was
the guest OF his grandparents, Mr. and
Mrs. Philip Leininger, Saturday and
Sunday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-20
~ BUY QUEENS COMPANIES
0onsoldated Gas Go. Files It's
Apphcation with the P. S. G.

,,,I mo Consolidated Gas Company made ap-
for s' snth. 10 the Public Service Commission
,or authority to purchase a controlling in
80. :" me New York and Queens Electric
Na Sm' and and Power Company and also in the
view YORK and Queens Gas COMPANY.
, -. nne electric light and power company has
l,"OO miles of wire. covering 40 miles of
ieetS' us plant is In Astoria. The gas
oo ~ nLo. has three holders, with capacity
VI 'OV'VVV cubic feet, and another is planned.
Dun companies are controlled by the same
ii''ereS's' the capital stock of the electric
company being 1850 shares of common and
d IKE number Of preferred. on which "a
pc. cent dividend was declared last year
Inc gas company has 5000 shares of com
mon slocK on which no dividends have ever
oeeh declared. Stock in both companies is
valued at 500 par. The funded debt of the
electric company is $4,000 in thirty-year
first mortgage bonds and the gas compa-
nys debt 100000 of the same bonds.
Commissioners Maltbie will hold a hearing
on January 81. The Consolidated now owns
in Queens the Astoria Light, Heat and
Power Company and the New Amsterdam
Gas Company, which owns all the stock of
the East River Gas Company in Long ISL
and City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-20

&c higher; light shippers, STEADY; paesers
Sc 100 Sc Is: stsgs $685.; common s o.
81 % q So: pigs and lights, ~ 259So, shELs
Receipts, sl2: steady. 50 ooasfZo ' "h'''
East Buffalo Jan 9--CATTLE-Recelpt
200; active and firm. vEALs-Receipts' %;
active and CSC higher; $51sll HOGsIhs.
heavy and mixed, SO 45Q$e 80; Workers. seG
81 90; roughs, IS T0d$J 80; stays 81 50qS5 90;
diaries, $G9$6 40. SHEEP AND LAMBs-
Receipts, IL 600; sheep active and STEADY
lambs slow and 15c lower; lambs, 80 004sI.
Kansas City. Jan. 19,T~CATTLE,-hece
!, 500, Including 400 Southerns; steady 70 weak,
dressed beef and export steers, ~ 9Ogss; TAR
10 good. 50 20 So 50 western. $Sgs' ste &c y,
ers and feeders, 81 50 10 Southern. ~ ss99w
IS so; heifsrs, 81 5O9S6 80: bulls, 81 5Og 70 ~;
calves, 81 5O9$S so HoGS-Receipts, 1000:
5910c lower; bulk OF sales, - 5OWSo zo'
heavy, Sc 221a 9$6 80; packers and butcher -
Sc 100 81 3e:. lights. IS 75@-S6 17ls pigs, - 90
0S5. sHEEP-Receipts. 1000; - q SOC lower
lambs, s5@ 50 40 yearlings - 20 @ - 90; weIn,
feeders, 81 50@$I
tBy Telegraph to The Tribune
st. Louis. JAN 19e-CATTLE-Recepts. 1ei1;
supply small and quality mainly medium; de-
S4dSs is; heifers, s3 5OIs6; cows, So 56as5 20:
Southern steers, SO 90Q$s 20. HoGs-Receipts
1871; good hogs steady, while pigs and nsn n
weights 15G25c lower; choice, SO 3O1S5 ~;
bulk OF sales, $6GS6 25: packers. 50 15qSe 20.
best lights. 50 50dS5 80; fair do, $3.50 90; best
pigs, 81 1895: fair little pigs, 81 2oqS4 ".
SHEEP Receipts. 1,752; slow and 1oglSc lower;
lings. s5ds5 90; mutton sheep. $4gS4 co. common
sheen S3TS3 tx
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-20
LIVESTOCK MARKET,

., NeW YORK, January 10. 1912
BEENES-Receipts, l49 cars, or 1881 head;
21Is cars on sale. Steers 100 zoe lower; bulls
and tain cows steady; medium and good cows
10 10 prime steers s SGfos sTs go per
100 Id; ! extra prime steer, IS 25; stays and
demand and steady Exports 'I to-morr r $50
cattle in the Minnehaha to London
sales-J: shamberg & Son: Ohio steer.
$40; "a: 1857 u. s. IS, q: 1lO5 ID, g; is'
zee lb; Sc 90; 49, 1914 b. So 40; 81. io4s h.
/, 1920 ID, s525; 2 1910 b. s.: So 1. 900 ID,
1000 S 40 $50 30 1929 O $50 b.
s. -; g. 9i7 ID, 81 10; g. 1918 b, 81; IL, $50 h.
50 %; u. sos ID; 1925; g. 9o5 ID. SO 20; s. 77e
sanders: - Psnnsy7an S steers sSs 1922 ID.
81 25; 2 bulls, 1925 ID. IS so; /. $50 ID, 81 70;
mixed G iosa !, s!2 d. So SOys 1925 Obj S
ID. SO IS; IL. OF ii. So 20: s, go Id. So s5 8,
9os D. 50 10; 4. s70 Id. s27b; 4 937 h. 81 10;
Newton : CO; 20 Virginia steers. 1872 ID;
81 60; ohio s9S h. SO: OK; 1Iso Id, $50; I
i iao6 3D. Sog 81 Cows OBJ b b's 50 o. s
g; a. s55 ib. 50 rs; 3, sl7 ID, So 5o 8, 7e7 lib.
Kerns Commission Company: "a Tennessee.
steers, 1922 h. SO SO; %. 955 Id. SO 80: "a. 9o4
=. TCbln 4 Shannon: = COWS so4 Ib, 50 IS; r.
g 30; 3: 81 ID, S.; 1. 40 ID. 81 80; bulls
h. So: yearlings 800 ID, S.
b. w. Otis & Co: bulls 1858 ID. IS o5: l.
$50 H. 81 90; l heifer $50 ID. 81 so; 13 cows.
$50 10: SO 10; :, 795 ID. 81 10; yearling. SOC
CALyEs-Rec.ipts. sos head; 1913 head on
saeetsd Tes. SSt at s's4 Ss psT
ID; culls. s86s7; barnyard calves, s41s4 30
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-20
HILL STOCKS RISE ON RUMoRs
It Is Denied, However, That western
Pacific Is To Be Absorbed.

Following the denial Of Thursdays report
that J. p Morgan & Co. had acquired con-
troll of the Missouri Pacific, and would here
after be the bankers for the Gould roads
the rumor mongers on the Stock Exchange
arranged a new deal yesterday. This time
they had Gould's Western Pacific taken
over by the Hill interests, with the result
that there was a boom in the Hill stocks
which was shared to a lesser extent by the
stocks of the Gould roads. The rumor was
promptly denied in authoritative quarters.
The Hill lines do not connect with the
Western Pacific which runs from Salt Lake
C,ty IN San Francisco but II was pointed
ont by those who held there was some
Foundation for the report that the forInsi
entered Denver by the Colorado o. south
eTn, and that the latter, Jointly win the
Denver & Rio Grande, owns the ColoTado
Midland. between the western Gnd OF WiIch
md the eastern end of the Western Pa
cjfc only a comparatively small gap wouiu
have TO be bridged over TO form the nee
essary connection.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-20
MORE j. S. DEPOS|TAR|ES
cote Banks and Trust Com
NAMES May Get That Title.
FIRST TIME IN HISTORY
~ Legal Obstacle to Other than
National Banks Obtaining
Coveted Privilege.

,,.sb,ngton, Jan. 1s.-For the first time
historv the way has been opened, IL
y. learned to-day. for state banks and
70, companies to become United States
uos,,aries." According to the view of
S ss treasury Department, any financial in
.,.r,,on in America-national or state
~ or trust company-holding postal saw
.o deposits or other government funds
ossume that title without legal i'm
s,r,ent. even though the designation is
oA5cislly conferred by the Secretary of
ne Treasury.
rom an unofficial source II was learned
-, the Treasury Department had decided
-, there IS no law restricting the use of
49, term United States depositary" TO
80 national banks named by the Secre-
~ as depositaries of public money. This
,..,ss national or state banks or trust COM
'aniss in which the trustees Of the postal
SIs,srqs system deposit the postal savings
s,nds or national banks holding certain
I,d,an funds for the Secretary of the In
..,or. free to adopt the title.
The privilege of becoming known as q
s.nositary Of the nations funds is much
songht by every bank in the country, be-
,.nse It Is presumed to convey an advan-
,.geous impression of character and sta
ATTY. Only about fourteen hundred of the
s.vsnty-three hundred national banks are
smc,ally designated as United States de-
0ositaries." There are fourteen thousand
s,ste banks and trust companies. none OF
which at the present time are known as
aa,ositaries Of the federal government.
secretary MacVeagh, It is said, is con-
sanity being besieged by Congressman to
makes national banks in their states or dis
,ric,s United States depositaries." II
MANY cases one or two banks in a town are
now so designated, while others in the
,sms community are not. This, it is said
yirtuallv works as discrimination by the
government, and the Treasury Depart
rnepts decision is expected to solve the
rroblem In a large measure.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-20
CIInlIJTF--Loss active: sales. BAT bags.

ppoyISIONS-Easy early, owing TO liberal
receints of live hogs and selling by packers.
p'irn,ness In corn caused moderate rally, but
late in the session there was renewed pressure
Quiet: mess. s17@s17 so; family. sl99S2O;
sGnTt clear S1T@S1s so. BEEF-Steady;
s sIcss sig@sis 50 family. s14 5Oqt15 packet.
ca So6si4; extra India mess, S23d $23 80.
2TFF IA MISSES a $50. DRESSED HOGS
Bacons. s&c; $50 ID. sHc; 100 ID. &c; 40 ID,
ac. nigs. gIkc. CUT MEAIS-Pickled bellies
dull; 10 ID, oHS; = 3D. 2HGi o II lS &c:
irrccisi SIC; city &C. country. 5%qGAc.
SpePglpnl Easier: Middle West. 5.2Oa93Oc; city
Co. DC: refined easier; South America, 10 40c
Continent. 9.7Qc; Brazil. kegs. l140c; com
Donnd steady; 6HqIkc. STEARINE-Oleo.
p@SsuaHe: city lard. 10Y q1Ohc.
r d January. 14a14.15c; February, 14q142Oc:
ma Marc Ja' April and May. 14a14.25c.. London
aiaadu. spot, f62 16s Sd; futures f63 lis Sd.
sn'rrIvsis / $50 tons; exports, 1880 tons so
O. tbis month; lake copper. 14Ia G14Mc; cleo
tToiytic, 14+s Giles; casting, 14q14hc; TIN
40 me 7se' February, ai.S7h sc; March, Al; 259
~ 7Sc: April and May. 41.12A 941.62hc. LON
80 oa,sy: spot f19O 5s; futures, f1s7 IS. LEAD
uo n,'ief. 400 450c New York. 1900 435c
~, 81 Ionis London, f15 lis Sd. SPELTER
n,tet, Gi59 GGIc New York: 5000 G. soc
T,ast 81 Louis London, f26 lbs. ANTIMoNY
Ea nnli. Cookson's, 7.60c, IRoN-Cleveland
war foundry Northern, S14 75as15; No .
80 so6fsl4 70; No 1 Southern and soft. s14 20
gStasTToNsEED OIIl-Adyices from the West
aItsd a hrTn feeling there but demand was
lna .har moor and trading TO large extent OF
9aI speculative character Local contract prices
Yester-
HiCaI
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-20

,,a,ana fed, "a 10. Dressed calves in moderate
ddemand at 1914 qi6hc for city dressed veals
sh II II 20 i4iac for country dressed.
any SGaias-Kerns Commission Company: Indi-
80 veals ia Id average, at 50 90 per 100 ID;
c,iIs 1T 10, 81; 43 Indiana calves, 343 ID.
:. rs: state veal. 40 ID, $40 80.
'Tobin g. shannon: veals, 146 ID, $40 80; IL,
1o4 Ib, So so: / barnyard calf, $50 Id, 81 80.
Sanders: 1 veal, $50 ID. s11; 3, 107 ID, 50;
d" george & L. S. Dilenback: 80 veals 121 ID,
25; o culls, 100 ID, 81; barnyard calves,
SHEEP AND LAMBs-Receipts. 29h cars,
or 8543 head; 1914 cars on sale. Sheep were
steady: lambs slow and 10 a CSC lower. with
SEVERAL cars unsold. Common TO prime sheep
1ewes) sold at S30S4 so per 100 ID; ordinary
to prime lambs, IS 509S7. Dressed mutton
about steady at 7q9c per ID: dressed lambs
weak at 10d 12c; few hog dressed selling AZ
f2hc; country dressed dollhouse lambs SAC IS
per carcass oo u,..
lambs, "a ID average. 81 per 100 lb: 2os Indi-
ana Is ID, So 70: 81 81 h. So so; "a Indiana
sheep 100 ID, 81 30; 80. 10 ID. 81: is, l3l ID
"a. ITO Ohio, III ID, 81.
g Sanders: $40 state lambs, IA 10, 81.
yearlings, l07 ID, SO; SO state sheep, Jos 10. 80
Kerns Commission Company: 257 Bunaio
lambs 81 ID. So so; 81 state sheep, 1Ol To-
s412h: 131 Ohio, So Id, So :,
car on sale. Market firm to 10c higher. LgnI
and medium hogs sold at SO 500s6 go per 100
10; pigs. SO 35. Country dressed hogs steady
sales.George & L. S. Dilenback II state
hogs. 141 III average, at SO 90 per 100 ID; d.
= 5. Sanders: state pigs. 100 Ib. Sc go
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-20
PHONE COMPETITION ENDS
Mountain Home Co. Takes Over Plants
of New York Go. in Adirondacks.

saranac Lake, n. Y, Jan. 1s.-The end Of
telephone competition in the Adirondack
counties of Clinton, Franklin, st. Law
renee and Essex was announced after Il
meeting here to-day of the Mountain Home
Telephone Company, at which it was voted
10 Increase the capital stock of the COM
pany from 100000 to $1.OOO,oOO. The Noun
tain Home company will take over the
property and plants in the counties men
toned Of the New York Telephone Com
pany the Adirondack Home Telephone
Company, Of Malone. and the Clinton Tele-
phone Company, of Plattsburg. and will
eliminate duplicate plants by May l, except
for Bell toll lines, which will be used by
Che consolidation.
The New York Telephone Company ac-
uuires a substantial interest in the Noun
tain Home Telephone Company, but the
will continue in local hands
with l. H Griswold, Of Albany and Elyria,
Ohio, as president.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-20
SILK MAKERS WORRIED
Unwise Competition Pointed Out
as One of the Causes.

Overproduction, crude financial methods
and unwise competition, together with a
strenuous effort TO unload the product at
figures only little above the cost Of manu-
facture, is the trades analysis of the
causes OF the plight OF the silk manufact-
urers, according to the January number of
DRY Goods
The consensus of opinion is that the re-
taller has not been reaping such benefits
from his low figures as the manufacturer
believed. 1t is this feature-the extremely
low figure at which the manufacturer has
sold-that is regarded as the chief factor in
the instability OF the market since the
buyer is afraid TO stock up on regular
goods for fear that rival may unload the
same line at a still lower price, The far
greater fixed charges incident TO the con-
duct of a large retail business in one of the
big cities has tended TO cut down the profits
of the retailer and dssipate the large mar
gin which the manufacturer sees between
his price and that OF the retailer.
Long credits given by the raw silk men,
the advances made by commission houses
and the anxiety Of the makers OF looms to
place new apparatus on the market make II
possible that one may enter the silk manu-
featuring business on a comparatively small
capital, says Dry Goods" Many small
mills throughout the country are doing q
meritorious business, but the tendency is
TO produce TO capacity up to certain point.
Then the creditors ask for money, and the
product of the concern must almost In
varably be sacrificed. 1t is not believed
that the sale of imported silks has mill
tated largely against the market for Ameri-
can goods. but that the 'cutting-up' trade,
which handles possibly 50 per cent of the
silk manufactured in the country. Is an in
fiuence which has been ignored by the
manufacturers in their calculations.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-01-20
TOBACCO SHAREHOLDERS LOSE
Guaranty Trust Company Said To Be
Getting Undue Profit.

Several Of the shareholders in the dis
solved tobacco trust who turned in their
bonds and stocks yesterday to the Guar
snty Trust Company TO be exchanged for
securities in the new companies complained
about the quotations named by the Guar
snty on the fractional parts Of shares left
over after the exchange had been made.
Members of the Stock Exchange said that
the Guaranty Trust was securing an UNIQUE
proft al the expense of innocent or unin-
formed American Tobacco security holders
COMPLICATIONS have arisen from the fac'
that the new bonds and shares issued by
the Lorillard and Liggett & Myers compa-
MES are not exchanged in exactly the same
proportionate value, fractional parts OF &c
curities being left over after each exchange
on which the trust company apparently
has made its own prices.
L. b. Franklin, vice-president OF the
Guaranty Trust Company, in giving MS
reason for this, said;
so many OF the fractions are small tha'
We gain nothing from buying and selling
The scrip for part shares. A great num-
Ter represent five cents, half dollar etc
and the trouble IT takes to care for these
Is not repaid by the differences in our buy
ing and selling prices of the fractions
Stock Exchange brokers took another
view, however, and II was said by them
that twenty-five traders stood ready to buy
and sell the scrip within margin or nan
point of quoted prices, instead Of the
five and ten point margin OF the Guaranty
Trust Company.
Yesterday the Stock Exchange quotations
for Liggett & Myers preferred stock were
around 1872 and for Lorillard preferred ia
Holders OF scrip could have bought or soiu
within a quarter point Of these prices
whereas the Guaranty Trust would nave
given at the rate of about ITO for either
stock, and sold at 1l5 or higher