davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
MONEY AND EXCHANGE.

THE MONEY MARKET Money on
call stood nominallv AT = per cent yes
torday The demand for time money was
fairly active. as 10 has been throug out
the week Rates: A,H5 per cent for sixty
days, 5a54 Ter cent for ninety days and
for four. i've and six months. The de-
mand for mercantile paper was exceed
inry high, leading 70 infrcqucnt sales,
though the supply on hand was fairly
good. Rates: J4Q5A per cent for sixty
and ninety days indorsed bills receivable
and choice four 10 tix months single
names. and 5i~a6 per cent for others.
FOREIGN OBSERVATION-DISCLOSURES was
on a moderate scale yesterday. but the
market remained steady. The rises dur
ing tho week I'm time and call money rates
here was blamed for the uninterrupted
decline I'm the sterling department, drop
of 20 points being scheduled between
Monday and Friday. Several of the In
ternatlonal banking houses expressed the
belief that the Imperial Bank Of Ger
many would raise IT, discount rate from
Az 10 per cent again. Yesterdays quo
tat,ons were: Sterling cables. i.s5SoH4 Sis5
demand. 4s645; sixty day bills. fS3hf1
$3.50. short francs. 80 plus La; short
reichsmarks. 9Sis plus 1-6i
DOMESTIC EXCHANGE.-Bosto par;
Chicago, DC discount; New Orleans, com
mercial zoe discount bank 81 premium
Cincinnati, par; San Francisco. sight &c,
telegraph. &c: Charleston, buying par.
selling 81 10 premium.
SILVER MARX ET.-Bar silver re-
manned steady at 2s7sd yesterday.
MEXICAN EXCHANGE.-Mexican eX-
change on New York was quoted At
. 0li.c. unchanged. Commercial bars,
e2s.c unchanged. Mexican dollars iSEc'
unchanged.
SIB-TREASURY Tho United States
ub.Treasury was n creditor at the
Clearing House yesterday to the extent
OF s6i3.343.
BANK CLEARINGS.-New YORK eN-
changes 500. OOS 81, balances N3,e5l,7H;
BOSTON. exchanges s26.624935, balances 81 -
2ss. 10; Baltimore. exchanges S'1a'i-''
balances sS32. 059; Philadelphia. exchanges
500 eo7. 2s2. balances s2,0oS $50; Pittsburgh.
.xcbanpes S95tt0f5
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
The Railroad Problem.

n the weekly review Of Henry Clews
J. 20 Is the following on the railroad
ca "''uef element which causes a de-
sHpercurrcnt OF hesitation In
- I'ai Circles is tho railroad situation.
o.,. IMPERATIVE that our railroads IN all
49, :" The country spend large sums
'he next few years for enlarged
Pm, ,.r''ial facilities: this 10 meet an ever
/, s pressure in public requirements.
e'uinon 10 these demands for new
ing which Of course mean in
49, ''sa hxed charges. the railroads are
-. embarrassed by growing demands
b., V'' " the requests Of the engineers
,ahieo all railroad labor is likely
n, INV with corresponding claims, and
IL, suhs Will be a further increase Of
zen 100000 10 sGc.000.OO0 In the an
b., eApthses OF the American railroads.
efhlngs are only just now beginning
e.oFer from the advances made to
|h6 .so Years ago. Further concessions
|kro,s,ss are now insisted upon would
s,ts.s.ssly cripple many OF our great trans
ssstasonn systems, particularly the
Aemsl, llhes. The railroads might rccOup
fts,yslP ss by passing on Increased
r bs1se,. 70 the consumer, as in other lines
|stsesn1l'eas: But IN this course they are
sn,,iea BY the Interstate Commerce
|stsnnssslon, which keeps in view the re-
|8sw' OF public opinion that would
|i,ss me granting Of an advance In
|ltsed,l nus IL ls the railroads arc in ali
"ngiy embarrassing dilemma"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
DENVER'S NET DECREASES.
Adverse Weather Causes Loss
Western PaCific'S Position.

The pamphlet report NJ the Denver n
Rio Grande Railroad Company for the
fiscal year ended June 30. 1912. shows
gross revenue Of SO, 80 iO9. a decrease of
sll, 1863 from the receipts OF the proceed
ing year: expenses sl6,9s45l7, an increase
of Slo26,7sO and net operating revenue
Of s6.295,SS5 n decrease of Sl.l3S.li9 Total
income was SIHl,7l4, against ss,39S2I9 Tor
tho preceding year. a decrease Of sl,25i, 800
DeCucting interest, rent and hire Of equip
mcnt, 6Oli795, the net income was Sll2S,-
9l9, and the surplus for the year, after
deduCting $4,000 for renewal fund, was
sl,oo6,9l9. against sllls,5i9 in the preceding
year, when dividends of "a per cent,
amounting to Si.2H.ia5. were paid on the
preferred stock. The Sl,l96,?l9 net income
was equivalent to 2.26 per cent earned on
the outstanding preferred stock. against
i9S per cent earned in the year ended
June 80. 1912.
OF the increase in operating expenses
the report says. about $4,000 was due to
the cloudbursts which seriously damaged
the companys property in Colorado TINS
damage resulting also in a loss Of revenue
estimated at about $4,000.
\ considerable part of the report IL de-
voted TO the affairs Of the Western Pa
cifc Railway. the first mortgage bonds
OF which are guaranteed by the Denver
& Rio Grande. The report says:
This line was placed on an operating
basis July T. 1911, although not then iully
completed. and for the fiscal year ended
June 3d. 1912 its earnings, expenses, clC.'
were as follows: Operating revenue, %
9.S $50. operating expenses, A,2=i,SS' net
operating revenue. 81 .02S.668; outside opcr-
atoms. deficit. S3616l total net revenue
1922 SOS: taxes. tlsj,23i operating income
$500, o.: net debts TO income. in accord
ance with regulations Of the interstate
Commerce Commission, S243,o1S; surplus
without making deductions thcretrom lot
interest. SjGi,2l4, ~ which %sl,ss5 was dP-
piled TO unfinished construction.
Although II was hoped that the gross
revenues might approximate $4,000" dur
ing the first year. the actual revenues,
a bout g. Ooh. above given. can scarCeiE
be REGARDED as Disappointing, III We" OF
the difficulties attendant on placing VT
operation a new main line Of railway OF
the length OF Western Pacific ana deNei-
oping the traffic thereon. The earnings
from traffic for July. 1917 arc eStillale"
at s25.OJ0. compared with actual earn
ings of Ag2 900 for the corresponding
month "A year ago There are evidences
Of growth and development at numerous
pnints along the line, especially IN thr
Sierra Nevada range of mountains. y
Of communities have been "Stap.
lished with encouraging indications OF
increasing and permanent contributions tp
traffic and earnings, and efforts are being
made to stimulate this local deNcloNin'ni
and thus i'm time insure Naluaplc lutdl
traffic. both passenger and freight.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
CASH QUOTATIONS.
GENERAL MARKET REPORT.

New York, September !. 1912
GRAIN-WHEAT-New was again bear
ish, but shorts seemed disposed to cover for
over sunday. probably in anticipation OF the
government crop report on Monday, and
prices ruled steady. at ono dine showing
gains Of = u hsc Rsarish conditions finally
prevailed, however ana late in the session
prices declined sharply. closing at tho bot
tom, with a net decline OF q. "a &C. Authorl-
ties In the Northwest predicted that receipts
on Monday Will be very heavy possibly
amounting 20 1900 cars az Minneapolis and
Duluth. Canadian news bearish inolud-
ing an estimate, credited to Premier Rob
lin. 81 Manitoba, placing the Canadian crop
at 100000. 600 bushels. n was said that
about - per cent Of the Canadian crop has
been cut but that little thrashing has been
done. owing to the unfavorable weather
Stocks at Minneapolis showed an increase OF
10000 bushels for the week. FOREIGN mar
k"ts were stsadier than expected especially
No red wheat here 81 % T. track. and
Z b ahoat; new No J Northern Duluth.
~ nc T afOat tORN-Steady. with good
buying by commission houses The belief
that farmers will not be disposed to sell
freely Tor December shipment owing to the
big discounts. discouraged selling. Al the
close prices were :, No net higher. Export
corn. Clio . afoat. December 10 March
Exporters took loads Steady: 1T
tie pressure 10 sell Price changes were
small. and al the close prices were I'M
new standard white. 3Siac No 2 SOC. No 3
3Ni.c, on track: 40 4. 35i- ii 36c elevator:
new natural asa 3pc. and new clipped, 40 a
~. both on track RYE--Steady; No .
Western SIC e 2 Z Buffalo. BARLEY
steady. mailing go n zoe : Buffalo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
THE COTTON MARKET
Prices Climb in Response to
Crop Damage News.

Reports Of deterioration I'm Southern
Tcxas followed Fridays Eastern belt
damage reports. and the cotton market,
while opening slightly down on dlsap-
pointing cables. started upward promptly
and gained Is TO 10 points before the adj
yauc" was checked. December contracts
touched ll75c or about 81 30 a bale over
the recent low records. Al the top Of the
day realizing caused a break OF to s
points. but the close was steady at net
gain ~ . 10 II points. Southern spot mar
kets were &c TO 3-l5c higher. and the local
market went NJ 10 points 10 uSc FOR
middlng uplands Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
CUBA RAILROADS YEAR.

The Cuba Railroad Company reports for
tho dscal wear ended June 30 1919. gross
earnings Of .3.sl9253. against S.c5s65O for
The preceding year. an increase OF S5'.eoS
and net earnings, after taxes. SIslss5o
increase SALTS. Deducting interest
charges Of s75s,9sS. the balance for divi-
dends was 81, o59 $50. equal-to 1883 per cent
on the outstanding preferred stock and
so62. SO more than the similar balance In
1911. and. after payment Of $4,000 pre-
forred dividends. the surplus for the year
was .55sss2. against Sss7Sl6 for the pre-
ccding year, when the dividend payments
were 10000.
The general balance sheet as of June 20
shows assets and liabilities OF 1885,
comparing with S3,sl7176 a year pre-
yiously. The profit and loss surplus as Of
June 20 was s. 9S2, Jsl.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
FOREIGN MARKETS.

Liverpool. sept. 7.-WHEAT-Spot steady;
No 1 Manitoba So Sd. No 2 ~ ID; No 3, -
ed. futures steady: October. IS I'd: December.
IS nd CoRN--spo quiet; new Anerican
kiln dried. Is 2isd old. mixed. Is Sad; futures
FLoUR-Winter patents, 2es Sd. HoPs-ln
London Pacific Coast, IS l5safl los: BEEF
Extra India mess 1t2s Sd. PORK-Prims
mess, Western, 1898 M. HAMS-Short cut
COS. BACON-Cumberland cut, G6s; short rib.
lis, nominal; clear bellies. 63s; long clear mid
backs. AIS SHOUBDERS-Sausre. 55s Cd
LARD-Prime Western tierccs JOS Cd Amer
lean, refined pals 57s I'd. CHEESE-Cana :
dian, finest. white, new 66s Cd colored. 6Is
cd TALIOW-Prime, city. 32s I'd: Australian
in London, s5s Cd. TURPENTINE-spirits
sis ROsIN-Common, les 3D.. PETROLEJ NJ
Refined asd LINSEED OIb-36s Cd
-COTTONSEED OIL-Hull. refined. spot 26s o.,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
THE CROP MARKETS
Wheat LoWer-Corn and Oats
Steady-Coffee Splits Even.

Shorts in wheat started covering
movement early, which pushed prices up
q to ssc, but bearish conditions came to the
front ana wiped out the gain with a sharp
drop late in the session. prices closing at
the bottom, !, to &c under Fridays close.
Corn held steady throughout the day,
closing with gain of 4 to 5sc L.gher.
while oats were subject to few price
changes and closed unchanged to &c net
higher.
Frost damage in Brazil has apparently
been discounted by traders in coffee, as
the market yesterday, while active, was
about evenly divided I'm sentiment, with
the close steady at points down to an
advance of points.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
BOND DOTS.

Proposals. viii he received until 2 p. m.
on September 10 by T.. S. Osborne, City
of Rochester. for $1,000 and
$4,000 water works Improvement notes
payable eight months from September 10.
Bidder To- designate rate OF interest ana
Of notes
Isaac Ia Grange, Treasurer of Albany
County y. Y. will offer for sale at noon
on September 10 an issue of $4,000 IA per
cent registered highway Improvement
bonds. The bonds viii mature on October
/ as follows 81 go yearly from 1913 to l&'2'
inclusive and 200 In 1898 and 1881
Proposals will be received untll y. M
ON September IS by II. +. Murdoch. city
Clerk of Bakersfield, tern County CAL
it Is said. for $1,000 sewer bonds, $4,000
city Hall bonds. $1,000 Fire Department
bonds and 1000 library 5 per cent bonds
Of 1872 The bonds, which will he dated
October /, 1912. viii be due one-iortieth
each year for forty years.
r.. T. Heating. City Auditor of Lorain.
Ohio will receive until noon on september
80 proposals for $500 49, per cent coupon
street paving bonds, city's portion. the
bonds will be $500 each. and viii he dated
September Is, 1912. Due $1,000 yearly on
September ! from 1918 to 1921, inclusive
and S2.5OO on September ], l932.
The Offering Of the 100000 I per cent
San Francisco IIarbOr Improvement
bonds has been postponed from August Is
TO October 1. on which day. at II a. M
they. will be sold at public auction by H..
u Rnherte State Treasurcr.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08

MOTASsFS MD sYKUPs-Stehdy prIoes'
hut moderate business
NAVAL sTORES-spirits turpentine steady
hut nj, Rosn and tar steady.
OIIS-Linseod oil unchanged Renned
netroIeum steady at s35c for standard white
In barrels nj New York.
~ RICE-steady 10 firm and fairly active.
sI'GAR-Renned steady but quiet, with
fine sranulated at Bloc as tho selling basis
In London beet sugar was lower; september
los lid: October. los I'D: May. los ID
Raw here was steady to firm; centrifugal, eo
test, 1896: muscovado 10 test, 3sec; molasses
sugar so test aisle.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
COST COMPARISONS
Variations in Prices of Food,
stuffs from Last Week.

The following table shows the highest,
lowest and average wholesale prices OF
twcnty-four articles of current consump-
ton for the week just ended compared
with tho corresponding average for the
week ended August 81 cotton, coffee and
sugar quotations being in cents and hun
drcdths:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08

PROyIsIONS-Ho products irregular.
with lard and ribs nrmer on light offerings
and good buying. but pork easier under com
Slg 1880 -: family sol 5Oa$22 30; short
clear. $50 JOds22 so BEEF Mess. sl6dsl6 so;
family. SIS 5Oasle So packet, S1l 50qslS: ex-
Quiet al s2saS8l DRESSED HOGS-Seady;
bacons. t2hQl2sc; pigs l3tc. CUT MEATS
-Pckled bellies quiet NJ l2gltc: picked
IL. cIty' csc: country 6a6&c LARD
Firm. Middle West. II 5Od11 60c: city. Ike;
refined steady South America, l2.55e; CONT,
drnn at sisdssc S'rEARINE-Quiet: cleo.
13Xc: city lard. l2Hc.
COTrONsEED OIIe--Inactve, but steady.
closing l 10 ; points net higher. Firmness In
cation and lard discouraged selling, and there
was comparatlVelS little pressure OF hedging
operations Local contract prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
COUNTRY PRODUCE MARKETS.

New York. September . 1912.
BEANS AND PEAS-Receipts. 200 bags
beans Continued light trading. Small white
offering at SIS 20 Red kidney unsettled: late
business mainly at 81 Is. and moro stock offer
inc at the same price Lima firm. Scotch
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
GRAIN AND PROVISIONS.

Chicago. sept. Wheat to-day barely
escaped going into the SOS. December delivery
sold as low as aOaDOisc. the third day III sue
cossion that the low price record for the season
has been broken. The market gave way he,
meath the shadow OF the Oncoming crop and
closed weak i.di.c under last night Corn
higher, and provisions varying from la'2c de-
cline 10 7iac advance Range or prices;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08

Liverpool cables spot. dun: sales. 1000
bales: speculation and export. 300. Imports
none Middling upland. 6.Gdd. Futures
opened steady at % I points advance. closed
barely steady net | 20 3 points lower. sep
TENDER. G3Tisd. September-October. 23l4d:
October November Gi9ied; November Decent
her and Dccemocr-January. q. l5isd. January
February Sized. February March. 6lSd:
March ApriI, G.1gisd, April May. G2ld: May
June and Juno-July, 6.22d; July-August.
A.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
STANDARD OIL SUBSIDIARIES

A dull market prevailed yesterday in
Standard oil subsidiary stocks The rise
I'm Ohio oil continued. selling at 1874 and
10. but receded later to 49,. Standard Oil
Of Ohio was weak. closing at 325. repre-
sonting a net decline OF about % points
from the recent high point. Northern
Pipe Line wac also depressed, closing at
100. Absorption took place IN Southern
Pipe Line, which closed at 297. Most OF
the sales of the day took place at this
figure. Standard OIL Of Kansas closed at
So. 80 points below the recent high level
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
Sci Ed PRICES.

Toledo. Sept -CDovERsEED--Cash ana
October. bushei. sl1 10; December and March.
$40 20. ALSIKE-- Cash. prime and September.
Sii rs. TIMOTHY Cash, prime. September.
october and Dccepber 81 10; March. s. Is.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
CURB ECHOES.

Tonopah Extension has declared its
second dividend this year, and on Octo-
Der will pay TO stockholders of record
September 10, 2'a cents a share. Good
reports are received from the mill clean
up for the first part cf August, which is
estimated at over $4,000.
United States Cigar Stores reached l0l.
a new high, and trading indicated good
buying at that figure.
British Columbia Copper made good the
faith that has been placed in this stock
by declaring regular dividend Of 8 per
cent, As this is the second dividend at
this rate, supporters Of the issue feel en-
couragcd.
There was little trading of interest on
the curb Yesterday Even Standard Oil
issues were quiet, but they preserved a
steady tone, and gossip was favorable TO
some activity later
Although La Rose is reported TO have a
surplus Of over 81. $1,000. and is said to be
earning around 10000 a month, Toronto
selling orders were I'm evidence yesterday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
LIVESTOCK MARKETS.

New York. September I. 1912.
BEENES- Receipts, Il cars or LAS
tancc Feeling a trhe weak Dressed beef
steady at l2al6c for native sides. sGlic for
CXLVEs-Rcccipts 100 head. nearly all
FOR butchers. No sales on live weight. Feeling
firm at Yesterdays quotations. Dressed calves
sgad $o aI iss S is soI dressed
SHEEP fND LAMBs-Receipts, o cars, or
lambs drm Common sheep sold at s. per 100
10: culls al 81 good lambs at SsaSs y, culls
at s5Q$6, no choice stock here. Dressed nut
dressed lambs at 1idl3Nc; hog dressed, lac:
sales.-Kerns Commission Company l85
Virginia. - No. 50; II Virginia Gull sheep %
n. az. a.
N. 81: II West Virginia sheep. So n. 80
HOGS-Receipts IL cars. or 2.lI6 head.
all Tor slaughterers. except a few small lots.
Feeling steady at yesterdays quotations. EX-
ports-There were no exports Of cattle or sheep
from United States and Canadian ports TO
European ports during the week ended Satur-
day September I.
chicago sept. 7.--CATTLE-Rece 300.
slow. steady; beeves s. I5a $40 10; Te4as
steers 81 $50 So so: Western steers. s. s3d
SIS H.: stokes and feeders. si25gs7 10.
COWS and ncifers. $3ass; calves. 81 500 sie.
HOGS--Recelpts 1000 active. so loo higher.
q
81 % q IS *: rough. 81 IjasI %; piss. 50 %
| n S. 20: bulk Of sales So l5dss 50. SHEEP
-Reccpta 1000; strong: native. So 900
81 -: Western. 81 5odsi - warnings. 81 30
Kansas CITY. Sept. 7.-CATTLE-Rece
600. Including 200 Southerns steady.
dressed beef and export steers So 50q $40 90,
fair To good SO 5OasS so: Western steers.
s. 5oass 80. stockers and feeders. 81 50a
81 % Southern steers. 81 25dS 50; south
4
s. ~ -: calves iss sSasa HoGsgReccipis, 500.
strong; "a Zoe higher; bulk OF sales IS i6q
butchers. Ssi50ss IS; lights. IS 5Oqss so;
pigs. s6d$T. sHEEP-Receipts none. steady;
lambs %2Sxst 10 ~; ySar s ga ~
crs and feeders. 81 50GSi25.
Cincinnati. sept -CATTLE--R Receipts.
5S steady Il s % T'5 S c s!scrs
CALVES stesdy, sSasio 80 HoGsEReccipts,
G59; active and strong ioQl5c higher; packers
gOa.S sS,s 'Ga% 5se sGs' :" gSS a.
s sn5s sicasS y soas7 steady "'' So
100 oi steady vEALs-Receipts 100 active
aud 2Jq5oc lower; 81 JonSl2 a few sl2 *.
HoGs-Receipts, 200; slow and SO ioe higher;
ers 50 2JaS9 IS. pigs. so 1880 %; roughs,
81 aodSs 10. stays. s5dsI so: diaries, s. 15d
80 80, SHEEP and LAMBs-Receipts, 1900
active and steady, unchanged.
fBy Telegraph to The Tribune
81. Louis. Sept. 7.-cATTLE-Reccpts 400
offerings scant and demand light; prices steady
on good grades; sales few. HOGs-Receipts
1000: active and 5GI0c higher; choice light 10
medium weights. S9qs9 90 bulk OF sales, 81 80
asO 10. packers, So 25Gss co. best pigs and
lights SIS 2JGSs so; medium, 81 1885 20: fair
So 25GsT 30 SHEEP-Recepts, 100; pens
bare demand fair for good grades: prices firm.
Louisville. sept. 7.-SHEEP and LAMBS
The receipts were 1874 head, total Of 1898
for the week. The market was quiet al steady
figures with the bulk OF the best lambs sell
ing at Si.dec; some fancy heavy lambs higher
second. 4LQ4xc; culls sac down fat sheep
Q sc down: medium and common sheep very
slow sale al l12c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08

Tho Baltimore & Ohio Railroad Com
pauy has ordered 1900 steel hopper cars
from tho Cambria steel COMPANY The
Iron Mountain road has ordered 5000
tons Of steel rails from the United states
steel Corporation The St Louis South
western Railway Company has ordered
eighteen consolidated locomotives AMI four
mogul switch engines from the Baldwin
Locomotive Works
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08
PUBLIC UTILITY NOTES.

Tho Pacific Gas and Electric COMPANY
has a%ed permission to issue 5'"@""
now bonds from the remaining E'""'""
Of the authorized sl5o. 10000 issue Of re-
findings
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-09-08

furnished by Charles r. Barney & Co. 40. .
f}road street New York. and 80. l22 South
fth street. Philadelphia