davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1912-08-11
eoJNpAr,oN OF FREEMAsoNRY.

Iittls of its ancient ruins have sur
vived repeated conquests and pillages OF
Jerusalem by Assyrian, Persian and
Roman, except certain massive founds-
tions, walls and passages which may or
NAV not be genuine relics OF the nrst and
most precious structure To the skill and
organization of these Tyrian masons
MANY enthusiastic eulogists OF Freema-
sonTy date back the foundation OF their
noble order, claim which in certain
sense NAV perhaps not be utterly unten-
shIe JJndoubtedly the Phoenicians were
Serv skilful and did much TO extend the
knowiedge and practice OF operative ma
snnrv into Crete, the islands OF the
Eaean. Greece, Sicily, Italy, France and
snsin. Carthage, her mighty offshoot,
Was a walled city of such strength and
SO - wonderfully provided with fortified
bayens and docks, aqueduots. sallyports
snd salient towers and parapets, that
even when Rome had apparently humbied
her in the dust and deprived her OF Lvery
ensina az war she was still able to hold
her besiegers at bay for two long years,
until her gold-bought mercenaries de-
serted her. and, indeed, sold their swords
20 her enemies Mobility Of tho Trades,
charles Winslow Hall, in The NATIONAL
Magazine. -,
New-York tribune., 1912-08-11
CONSOLIDATED EXCHANGE.

From the $50 o'clock opening ealI
until the close az noon business was ac-
i've Oh the Consolidated Stock Exchange
Reading was the feature % the call deal
ings. It's aggregate being 1880 shares
out Of a total for all stocks on the call
OF e.7i0 shares Its initial transaction
was ITls,, followed by dip 10 III II
then a rise 10 l7l&. with the fnal sale
on the call at l7lI. This compared
with A. New York Stock Exchange clos
ing quotation on Friday OF l7lis and
10 o'clock opening on that board or
f7lX. Steel common sold on the call at
70 10 the extent of $40 shares. this hav-
ing also been the closing price OF the
previous night and comparing with
New York Stock Exchange opening OF
-2Is Union Pacifc'E call total was hhu
shares al III = and l12. the latter oelhE
the final call price and comparing Win
a closing on Friday OF 172ls ana a Ne"
York Stock Exchange opening or IL =
As the short session progressed the mar
ket developed strength throughout, WIN
many prominent stocks, including Eead-
ing. Steel, Smelling, Lehigh valley Con
solidated Gas and Northern FaC'l,
touching higher prices than were reached
an the New York Stock Exchange. The
showing of the monthly tonnage state
nent OF the United states steel CofpO-
ration OF a gain OF 10000 tons III uh,
allied orders was favoraDly commented
upon at the close. Detailed operations
follow
New-York tribune., 1912-08-11
MINERAL WATER SALES
More than 65,000,000 Gallons
Sold in United States.

The water consumption OF the United
States Is shown In the statistics Of the
number of gallons of water sold during
the year 1911. The amount of 67.S27, So
gallons Of mineral waters were sold In
the United States, valued at 7,s75,373. OF
this large amount 6, 90. .119 gallons, valued
at ST, 6,S37, SSS. were of domestic production.
and S,6Oi,703 gallons, valued at sl,e314s5,
were imported. The average price Of the
domestic water at the springs was l0.T
cents gallon, and that of the imported
water was 2os cents gallon, 20 which
must be added for the imported water
freight, commissions and import duty.
The domestic production in 1911 COM
pared with that in'19l0 showed an in
crease Of l,s92,99i gallons and sis0,oSS in
value The product in 1911 was derived
from 732 springs. New York State led in
the quantity of water sold. with 1925, s6l
gallons, bringing an average price of ,
cents a gallon, or total value OF s95e,eG;
but Wisconsin, with an output OF 5,7l6,l62
gallons. produced the greatest value,
namely 1855, ,9SS, or an average Of II cents
a gallon.
Ihe nGheSt average price IeCelNeo III
any state was in Indiana-S0 cents gal
lon-the production being 1OA,42s gallons
The high price was duo TO the medicinal
reputation Of the waters. Maine received
an average of 81 cents a gallon and pro-
duced 1,254,7 1888 gallons. The lowest aver
age prices received were I'm Minnesota and
Oklahoma-3 cents gallon-the produc-
ton of Minnesota being s,7o33l9 gallons.
second only TO that OF New York.
New-York tribune., 1912-08-11
BANKS AS INVESTORS
Unprecedented Record Shown in
Present Investment Holding.

At no time in the history Of American
banking have the national banks OF the
United States entered as largely into the
investment business as they do to-day,
says Financial America" At times OF
low money rates, when business is dull
and there Is no broad inquiry from Stock
Exchange borrowers. It has been custom
ary for the banks 10 use for the purchase
Of securities considerable portion OF the
money that they ordinarily lent out in
the loan market This practice has been
increasing from year to year, and as the
courts ruled long ago that Il was illegal
for national banks TO invest in stocks of
either railroads or industrial corporations
all of the fiduciary institutions have been
compelled to confine their investments to
bonds and short term notes.
But the statement just given out by the
Controller Of the Currency, covering con-
dtions OF all the national banks OF the
country as Of June II last. reflects an ex-
traordinary state Of affairs. II shows, In
the first place, that on that date June 1D
banks Of the United States held sl,oi6.-
619.5S5 Of securities other than United
States government bonds. At no time
since the passage OF the national bank act
has any such volume Of securities been
held by the national banks Of the country.
At the time Of the previous report Of the
Controller, on April Is, the banks showed
aggregate security holdings of sl,O2s,-
099.676. while one year ago, on juno Z,
1911, such holdings amounted to only
s995.475.144. In other words, these state
ments show that within the last year the
national banks OF the United States have
added no less than s51,O00,00 to the
volume Of securities in their treasures.
This is an extremely important develop
ment as showing the extent OF the ten
dency Of the banks to turn to the invest
ment market at a time when there Is an
unremunerative rate offered by the money
market for funds But what Is far more
10 the point at this time, however, Is the
showing Of the New York banks alone.
The returns filed by the institutions OF
this city disclosed that the security hold
ings Of the local institutions are actually
IS 900. 90 below what they were at this
time last year. At first It would appear
that this was impossible; that IL the en-
tire country had reflected such large
gain as SOL OoO. 900, the banks OF the chief
central reserve city must have con-
tributed a large portion OF the gain. Still
here IS the statement, which makes It
plain how the increase Of the country oc-
Cured outside of New York:
New-York tribune., 1912-08-11
NEW YORK CURB.

Renewed dulness was shown IN me
curb market yesterday, although ING
general tone held steady. In a Few OF
the Standard oil subsidiaries fair acuV,
ity developed with further up"ard
tendency United Cigar Stores, old ana
new issues. was a shade easier BtlI-
ish-American Tobacco on small pur-
chases improved a fraction. lntercon-
tinental Rubber was UP le IN the Did.
American Writing Paper ruled hrm. The
copper stocks were compare lively quiet
and about unchanged. Silver issues
ruled steady. The low priced mining
stocks were almost entirely negiected.
Atlantic Refining advanced 90 points
further. -. a.,
No material changes were shown IN
quotations on Nevada mining stocks.
Goldheld Merger mines continued strong
and sold al 81 and o.. Goldheld Atlanta
was also firm around Is cents. Yellow
Tiger was traded IN 10 the extent OF 5,"p
shares az and jim Butler at o. cents.
MacNamara advanced full point over
night and several hundred shares were
traded In at 81. Tonopah Extension was
I'm good demand az s. Is on orders from
san Francisco, where the stock was
quoted at higher figure than prevailed
in the local market.
The bond department showed no trad
ing and prices remained unchanged.
New-York tribune., 1912-08-11
WILL MEET IN DETROIT
The 1912 Convention of Ameri'
can Bankers Association.

On September 2, this year, the annuaI
convention Of the American Bankers AS
ISOLATION will be held In Detroit. The
headquarters OF the association VIII pe
al the Hotel Pontchartrain. and the con-
vention will be held in the Detroit Opera
House The tentative programme Issued
from the ONCE Of Secretary Farnsworth,
in this city, indicates busy week. The
executive council and standing and spe-
cial committees will meet on Monday,
and the convention itself will be called TO
order on Tuesday morning. The names
OF all the speakers and their topics have
not been announced as yet, but addresses
Will occupy most OF Tuesday. The trust
company, savings bank, clearing house
and state secretaries sections will meet
on Wednesday and Thursday, ana Frioay
will be devoted TO the second days pro-
ceedings OF the convention proper
Among the addresses to be delivered
during the week will be one on The
Money Trust Inquiry" by George Nj.
REYNOLDS. OF Chicago. and one oy Fro
fessor Bates. OF the University OF Michi-
gan entitled Some Unscheduled Liaoiii-
tiaS.' POSTMASTER pChcAo ~
tell OF THE Postal Savings Banks ana
the Banks" and Edward Chamberlain OF
San Antonio, will discuss european
Savings Banks" The Savings Bank
and the Community" Is the title OF
paper by John J. PuIleyn, OF the lmmi-
grant Industrial Savings Bank, OF New
York. while THE Functions Of the Clear
ing House" win be discussed by Joseph j.
Talbert, OF New York. f. W. Ellsworth.
Of the Guaranty Trust Company. OF this
citv will discuss Bank Publicity" and
w q. McFadden, Of Fargo. N. D. VIII
read a paper entitled Wealth Production
Activities" a long list OF recepuohs'
luncheons, pleasure excursions. outings
and games has been provided for the en-
tertainment OF visitors
New-York tribune., 1912-08-11
THE COTTON MARKET
Continues It's Downward Course
and Closes Lower.

With only a slight rally from an open
ing decline the market for cotton futures
continued the slump which started In last
Tuesday, and closed at net decline or
from to IL points. the lowest figures OF
the day being made In the last sales.
Selling orders in the hands Of spot brok-
ers went a long way toward checking the
early advance, and the break was credited
to liquidation by buyers who had taken
on long cotton on Friday In anticipation
OF a weekend covering movement. y
continued bearish sentiment was accom-
panied by considerable nervousness as to
the immediate course Of prices. The bellef
that the action OF sellers was based on
intimate knowledge OF the feeling among
spiuners was regarded as one cause for
the absence Of a reactlonary feeling.
Southern spot markets were unchanged
to &c lower and the local market held
quiet at u 30c for middling upland. Local
contract prices:
New-York tribune., 1912-08-11

'oiune OF business in the drygoods trade
compares we'll with the corresponding
week a year ago. The number OF buyers
coming TO mar1et earlier than usual, the
number OF mail orders received, the re-
quests for immediate shipment Of mer-
chaholse primarily ordered for future de-
hVery, the increase in prices OF woollen
goods and the raising In price Of cotton
textiles are all indications of the generally
Ialr condition Of stocks of merchandise
throughout the country. which forecasts
an increased fall business. Style features
are well determined. showing a tendency
toward an unusual demand for laces."
Railroad Gross Earnings.
The Financial Chronicle" Of August 10
gives the following gross earnings Of
railroads for the month oE~July:
New-York tribune., 1912-08-11

This means that tho banks outside OF
the metropolis have added virtually
SIS. 10000 TO their investment accounts
wiAhin a year, and II brings up some in
teresting questions concerning the future
policy OF the banks with reference 10
these investment holdings. II stands TO
reason that the account cannot remain
untouched or unchanged, as the banks are
no, Investment institutions but rather
depositorIes for funds which are payable
on demand. II has been perfectly natural
for the banks TO buy bonds and other tn
vestment securities which pay. say, b
per cent. during times when the ordinary
loan market returned only half that rate,
or 2B per cent But such Investments
ought always TO have been made only on
a temporary basis, and never for income
producing purposes through any stated
period. As matter OF fact, banks
making such investments may almost in
variably find It necessary 70 convert their
securities into cash as soon as the money
market becomes active or demands from
their own customers enlarge. There are
times when the banks are able TO carry
large proportion OF their funds tied up In
Axed securities, but these occasions are
rare and usually In periods OK serious
trade depression or plethorio conditions
in the money market.
New-York tribune., 1912-08-11
STEEL ORDERS INCREASE
Untitled Orders of 5,957, ,079
Tons on Books July 81.

The monthly statement of the United
States Steel Corporation. which was IS
sued yesterday showed untitled orders on
its books as OF July 81 last of $751; tons,
This compares with 5,S07,346 tons on June
30. an increase OF 1873 tons. and with
5. 80, 9S3 tons on May 81, 1912. and S,5s4,oSo
on July 81, 1911.
Unified orders on the corporations
books since January 1. 1911, were as fol-
lows:
New-York tribune., 1912-08-11

Liverpool cables; spot duH, saIes' sWV
bales: SPECULATION and export, 100; American,
1000 Imports 3, 600 American, 2.0oo. MD
ding upland 9 SD. Futures opened steady,
to sIk points higher; closed Irregular. , to
tember. 65Ti5d: september-October 6i6ist; [;
October-November. 6.4l isd: November-Decem-
ber 8 36d; December-Jsnusry, S3J isd Jsuu-
ary-February. 636d: February March. 8 5000
June. 8. $9d; June-Juiy. 6.Ssisd; July-AugusS'
637i2d.
New Orleans. Aug i0-Cotton futures closed
steady at a net los. OF 104l7 points after a
short session. which opened with the market
TGo points down. Shorts who sought pront
over the week end stirred up the market carr
but the demand did not continue, and culness
that set IN continued till the close.
New-York tribune., 1912-08-11
The July shipment from the Cobalt dis
trict, figured by pounds. was as follows
u. 8. TREASURY FINANCES.

v,osb,nr,on Aug io.--At the beginning OF
n,s;ress today the condition OF the United
states Treasury was; WORKING paIsneo "a -
treasury ofhces. s99.s2s6eS; II banks ,iai and
~ he general fund was sl62. 624.76o re-
Ceipts Yesterday we're s2.o39.536; disbursec. :
mcrta were s2.44e.127. The snfpins 10 dsbe ds5e
-. ~ sis O35 De5 al this time last year
T.hese figures exclude Panama canai anu
,nbitc debt transactions.
New-York tribune., 1912-08-11

The continuation OF the $4,000 loan ot
the METROPOLITAN Trust Company with the
METROPOLITAN Trust was authorized yes
,srday al a meeting OF the stockholders
-, tbe old Brooklyn Bank which is now in
n,,,,dation by the Metropolitan Trust
c,ononany. At the meeting the directors
were reelected.
r, was learned yesterday that J. f.
Nr,,hIreld. vice president and general man
ocnr OF the Kansas City Southern, has
resigned.
TIL. following stocks sell ex dividend on
Monday: Adams Express, American
Smelling and Refining preferred and
chicago. Milwaukee 6 ST. Paul common
and preferred.
Applicatlon has been made to the New
York Stock Exchange by the New York
Telephone Company 10 list 100000 first
and general mortgage AZ per cent bonds
and 100000 first and general mortgage
~ per cent bonds.
''Bradstreet's" reports the exports OF
grain for the week. with comparisons, fig
ures In bushels. as follows: Wheat. -four
included, 2,740125. against 24s4.6o7 last
week and $780, 967 in this week last year;
from July TO date. l4.76o,lN. compared
with Il. 81 ,342 In the corresponding time in
isIl. Corn, 1896, contrasted with 77,A2
last week and S., ,7S1 In this week year
ago; from July to date. 523.5i4. against
s,n7,5Ss for the corresponding time in 1911.
Exports OF specie from the Port OF New
York IL the week ended August 10 were
SIS, ,S05 silver, against sl.931,290 gold and
silver in tho preceding week and 81, 93l, go
I'm the corresponding week last year. Ex-
ports OF gold since January have been
So. All, ,437 and OF silver s27,724,715, against
So, 2,so5.2f and 81. 40 respectively. in
the corresponding period OF 1911. Imports
Of gold IN the week ended August 10 were
ss64, 12s, and OF silver slsl,sO7 the $50, ,7s5
total comparing with s22i.259 for the same
week in 1911. Total imports since Janu-
ary I have been sle,s34,5s9 against slS. 49,
752 in the corresponding period OF last
year.
President M. Z. de Aguero, Of the Con-
soiidated Stock Exchange. left last Fri
day for a short vacation In the Catskills.
The New York Stock Exchange has
admitted 10 the list the International Har-
vester Company sl2,6l.lO0 preferred stock
and s14.N2.1oo common stock. The ex-
change has crossed from the list the Har-
vester company's voting trust certificates.
both for common and preferred stock.
New-York tribune., 1912-08-11
BOND DOTS.

L. II. Rollins & Sons, of this city, are
offering TO investors the Fulton, oswego
County, N. Y. issue Of 5000 ~ per cent
registered water bonds. Bonds are In the
denomination Of s., 90 each, dated August
.. 1879 and mature $3.50 yearly, August
5. from 1915 to 1899 inclusive.
New-York tribune., 1912-08-11
ITEMS OF THE STREET,

Dividends which have been declared are
the National Biscuit Company regular
quarterly l& per cent on the common.
payable October Is; also i-3 per cent
on the preferred. payable August u New
orleans, Texas 81 Pacific Railroad, ia per
cent on the preferred, payable Septem-
her 2
New-York tribune., 1912-08-11
COST COMPARISONS
Variations in Prices Of Food
stuffs from Last Week.

The following table shows the highest,
lowest and average wholesale prices OF
nineteen articles OF current consumption
for the week Just ended. compared with
the corresponding average for the week
ended August 8. cotton, coffee and sugar
quotations being In cents and hundredths:
Change in
avera ge
New-York tribune., 1912-08-11

Yenkers. n. r, is Offering to IN
vestors the Issue OF S,l50,ooo municipal
bonds, and other securities; $1,000 arr
AZ per cent revenue bonds, $4,000 are
per cent six months temporary notes
and the remaining $4,000 per cent
local Improvement bonds.
New-York tribune., 1912-08-11
sDecrea1s
SEED PRICES.

ca.S. aSi'Ss Srs,ns iois ostossT slo IS: psce%'
Der, Sioos; Marsh: $40 Is; A. ALsIKE, cash.
40 10; TIMOTHY. cash. prime, s. 70; Au-
gust, So rs; September. 81 As; October. y 43;
December, 81 as.
New-York tribune., 1912-08-11

The exercise Of the franchise recently
granted by way OF Queens Boulevard 70
Jamaica and thence by way Of Guilford
street and Central avenue to tho Nassau
County line has beeh approved by the
Public Service Commission. At the same
time the commission also granted the ap-
pIlcation for a certificate Of public con-
yeuience and necessity made by the Man
haitian & Jamaica Railway Company Tor
such "A line and approved the ass @niheilt
Of the franchise granted to the South
Shore Company 10 the Manhattan q Ja-
naica Railway Company.
The South Shore is the line which was
formerly controlled BY Joseph @. Rooin'
hut Il Il said that the company IS no"
controlled b. different interests. Inc pro-
nosed line will be about fifteen miles IN
length. At present the company operates
onIv over the Oueeusboro Bridge through
a temporary Arrangement with the CITY,
A -snort from Philadelphia has denied
that the United Gas Improvement COM
pany has any intention at present OF issu-
ing new stock or increasing its DIVIDEND
rate. President Samuel !. bodlne OF Iho
company stated that all such rumors
were without foundation. OF the business
as indicated by present operations OF the
various companies In which the un''eu
Gas and Improvement Company mas a."
interest Mr.. Bodine says:
"Thev are all doing larger business
than ever before, but ample cash capltal
is In hand 10 meet all requirements no"
o., sight. The only serious problem con-
fropune gas companies in addition 10
questions above mentioned is the great
recent increase in the price Of OIL which,
u maintained. will drive many companies
10 tho manufacture OF coal gas. Fortu-
nstely. with the modern Welsbach burner
II is possible TO obtain as brilliant light
from coal gas as from water gas. The
Immediate prospect is good for continu-
alton OF excellent business
New-York tribune., 1912-08-11

LONDON UNDERGROUND.
CMetropolitan pistrict)
1912. 1el1 Increase.
week epdsd Aug. B.. fli,eIs fl0.tss Il s4S
July i-Aug. 8........ 6,23 6I4D 3,slJ
rnibss)
July l-Aug s....-.. 6a.245 6c.215 go
doudon United Tramwsys)
waex ended Aug g.. f85s2 f1 a5e sfis
JuIy 1~Aus Sc. ss.Ss2 ss,62s '2s2s
QIondon General 'Bus)
waek end~d Aug. g.. f54 123 f4l Q22 fi2.iot
Juiy i-Aus 3....-... 2ss.oTs cl5,4S3 1916
New-York tribune., 1912-08-11
MINING.
NEVADA QUOTATIONS.
TONOPAHS.

rsurni.hed by Weir Brothers & Co.. No. 25
- Broad street. New York;
August 10, 1872
New-York tribune., 1912-08-11
CURB ECHOES.

Advance reports from Goldfeld, New,
state that more than fifty feet Of work
has been accomplished since drifting was
begun. hardly two weeks ago. on the ten
foot ledge recently cut on the 26o-foot
level OF the Silver Pick Consolidated 100
feet south OF the shaft. The drift Is said
TO be advanced toward the Mohwak claim
Of the Goldheld Consolidated upon ore
that at present assays approximately 81 a
ton.
Work lie again in progress in the main
shaft OF the Florence mine, after sus-
pension of sinking operations for several
days -occasioned by the necessity of re-
pairing and relieving weakened timber
points. The main shaft has recently
nassed the 1180-foot level, but will be
completed only to the 1,2oo-foot point
within the next few days. The shaft In
course of descent is said 10 have cut
several quartz stringers that return small
values. The new crosscut on the S0V-toot
level has Just encountered the big ledge
opened up several months ago on the go
foot level In virgin ground.
II is reported that the management oi
the Lone Star Consolidated Mining Com
pany has definitely decided 10 prosecute
an extensive development campaign OF
lateral work at a depth of 300 feet Inat
point. II is stated, will be reached oy the
shaft within the next fortnight AFTER a
SO-foot sump is sunk below the leVe1
crosscutting viii be commenced. The re-
organization OF the old corporation the
Goldheld Lone Star Mining Company as
the Lone Star Consolidated Mining Com
pany has been entirely completed. the
new corporation, according TO recent local
reports is said 20 be In excellent shape IN
regard TO finances.
New-York tribune., 1912-08-11
MINING.
Nv. AND OTHER GAS SECURITIES
Gas and Electric Companies.
S-uu ynpK

Gas and Electric companies.
NEW YORK.
pas Asked Bid Asked.
,,,y. is3 Isl NY&ER5s. a 1914 1854
NLG ist 5s .ios io2ti STANDARD =. 50
OTHER CITIES.
slprh G ss 100 Pat, ca .g4
me .IcsS. n % 100 Syr @ IS. IS 1914. IOS
.Ecs Co IS 9s,S ssii IS L & IS. St. s6ls
sAdd interest
New-York tribune., 1912-08-11

Balance ........... SS-9''6f lnc'S--o'7oV
From the above balance there was de-
Quoted $3.50, being 6 per cent on the Gu
mulative preferred stock Of the West
Penn Traction Company, leaving a final
surplus OF si32 237.
New-York tribune., 1912-08-11

Gleus Falls, Warren County, n. y, VIII
receive proposals until $50 p. IN. August
z. for $4,000 az per cent sewer refund
ing bonds Bonds TO be in the denomina-
ton of s. 900 each. Interest payable SEMI
annually. Due $4,000 yearly. August H.
from 1917 TO 1877. inclusive, and go"
August 81. 1923.
The City o. Dallas, Tex, will receive
sealed bids until L o'clock noon, Wednes-
day, August 91, for S,025,oco ~ per cent
gold bonds. voted upon at an election held
April ., 1912. Bonds are IN the denomina-
tion OF 1900 each. Interest payable semi
annually.
An election held at Great Falls CAS-
cade County, Mont, on July z. II Is
stated resulted IN the proposition TO issue
N5O 900 City Hall building bonds.
Reports state that an election held al
Stafford. Stafford County. Kan. on August
5. resulted IN favor Of the proposition 10
issue 1900 city park bonds. The vote
was GA TO e.