davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
HARTMAN LINE EARNINGS
Union and Southern Pacific Maintain
Excellent Showings.

The Hartman lines yesterday made
public tho result OF November operations.
and both reported satisfactory earnings.
Whether they can continue to maintain
the present high standard OF earning
mower after their dnal dissolution Is still
a matter Of conjecture in Wall Street
Little fear, however, is expressed that
there will be any great difference.
From the Southern Pacific there were
earned gross revenues Of S2.65l.4ls. or
1894. sos In excess of the total for Novem-
Der. 1911. Operating expenses and taxes
totalled $s.596.3sS. leaving net operating
revenue equal to a, 02s, which is greater
by sos. s74 than the amount shown last
wear. For the five months Of its current
fscal year Southern Pacific showed net
operating revenues amounting to SSz3s,-
Az. an increase OF $30i0.342.
Union Pacifc's gross for November was
IS. ISL lls. an increase Of $l,O63,1ss. After al
lowing for operating expenses and taxes,
which totalled S5.2ss, ss7. the operating
surplus for the month was $40, i51, an
increase Of s540,Oes. The SIS. &c, AIS shown
for the five months is G,G75,223 In excess
OF the amount earned for the same period
of 1911
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
ANOTHER DIVIDEND SOON
Defunct Washington Savings Bank to
Make Second Distribution.

Creditors OF the failed Washington Saw
ings Bank Of New York City will receive
an per cent dividend Immediately, in
addition to the one OF so per cent already
paid. Superintendent George c. Van Tuyl
Of the State Banking Department has
just received the sanction OF the Supreme
Court for the distribution Of this second
dividend, the money for which has been
obtained by the conversion into cash OF
the remaining assets of the institution,
consisting OF real estate and mortgages.
The amount OF this per cent dividend
Is Sl13254. The checks will be sent to
about seven thousand creditors. The ag-
gregate Of the claims against the bank Is
81, 4l5, 49, The first dividend OF so per
cent, already paid, called for the distri-
button Of S0S,2s2
The Washington Savings Bank was ono
Of the Robin institutions, and its failure
followed that OF the Northern Bank, both
OF which caused much distress among
small depositors. Robin Is now awaiting
sentence after pleading guilty 10 one Of
the seven indictments for manipulation In
the affairs OF the Washington Savings
Bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
MONEY AND EXCHANGE.

THE MONEY MARKET.-Csll money
confirmed higher. Rates: Opened per
cont highest 10 per cent. closing 10 pei
cont Time money was in moderate de-
mand Rates: per cent for sixty days,
5s,16 nor cent for ninety days, % per
cent for four months. 5i2 per cent Tor I'VE
and six months Mercantile paper was
arm. Rates: 6 per cent for sixty 70
ninety DAYS Endorsed and choice four 20
six months single names.
FOREIGN XCHANGE.-Foreign ex-
change was easy. Yesterdays quotations
were. Demand sterling 4pS0; capleS'
A $3.50: sixty-day bills 4.s0S: short francs
5lsa.: short reichsmarks. 9f,.
DOMESTIC EXCHANGE.-Boston., par
San Francisco sight &c, telegraphlc DC
Uranium: Chicago. 3oc premium; Savah-
nah buying S-l6c discount, selling par
Charleston, buying par. selling i-iOc Pre- pc
MUM. New orleans. commercial 75c DIS
count. bank 81 premium; St LOUIS -Vc
premium.
change on New York was quoted at
20li5, unchanged.
SIrP- ENTHUSIASTICALLY United states
cnh- Treasury was a creditor at the GEAR ,
ing House yesterday to the extent OIL
1892 627.
BANK CLEARINGS.-New York ek.
changes 1885,, 4i6.l5o, balances so, il2,5oo
Boston exchanges SOS. 759. lB. BALANCES
81 2Sl 73s: Philadelphia, exchanges S29,sSs
IA. balances y,9es.s67; Pittsburgh. ex
eel 5as SSs balances $2,2eO,1i4; Baltimore,
exchanges S.O40,321, balances SIS, S1 81.
Louis, exchanges sl6,s7s,2SS, balances WIS.,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
BINNEY HELD FOR TRIAL
Fined on One Charge, Speeder
Valves on Two Others.

Harold Osgood Binney, the lawyer and
engineer who on Sunday worried several
policemen by speeding his automobile
through the streets. was in the jefferson
Market court yesterday before Magistrate
Butts. and was fined IS for running his
car with the muffier cut out on two
other charges exceeding the speed limit
and reckless driving he waived examina-
ton. and bail was fixed at $500 In each
case for Mr. BInney's appearance In the
Court OF Special Sessions.
He made several attempts 10 get the
case postponed. saying James W Osborne.
TO court. Magistrate Butts finally told
the defendant at the morning session that
he must appear in the afternoon, and Bin
ney came back with other counsel
Binney first came TO the notice Of the
police about 5 o'clock on Sunday morning.
when he was racing in Fifth avenue and
Broadway. lie went TO court that morn
ing, and was paroled until Monday. sun
day afternoon he again went out in. his
machine, and, according 10 a bicycle po-
llceman, raced down Fifth avenue from
oath street at the rate Of forty miles an
hour lie was overhauled at University
Place and 9th street and received another
summons.
The defendant was attired in n sweater
and long motoring coat when he first
appeared in court yesterday In the after
noon he appeared I'm a walking coat and
high hat. The patrolman told the mag
istrate there was charge OF intoxication
against Mr.. Blnney on the blotter at the
station. but Il was not charged that the
lawyer was intoxicated when driving his
car.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
LACKAWANNA STOCK ISSUE
Directors Vote to Put Out $4,000, 600
Authorized by Stockholders.

Tho ,2U0.Coo new stock authorized py
the stockholders Of the Delaware Lacha-
wanna & Western Railroad at the annual
meeting last February was favoranN
acted on yesterday by the directors. VINO
voted 10 issue it al par. The new STOCK
reprcsents 40 per cent Of the Lacka-
wanna's outstanding SSO277Ooo capital. and
shareholders are permitted TO subscribe
in the proportion Of ono share for every
four shares OF the old stock.
PAYMENTS are 10 be made 30 per cent
an ar before February 10. 1913, and the
rest on call OF the treasurer at not less
than fifteen days notice. officers ot tht
connanv are instructed 10 issue receipts
for amounts 80 paid on account, 10 pear
interest al 8 per cent. payable January i
and Jiily /. and to issue stock on run
payment therefor A.. .,o,,
stock are for the purpose OF provlding
funds for the construction or a new me
vest OF Scranton. and other improve
ments I'm that locality, all OF when are
now well under way, as the contracts
yerc LEI last summer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
HIGHWAY OFFICIAL OUT
Charles F. Foley Resigns as
Deputy Superintendent.

Albany, Dec &c. Gordon Reel, State
Superintendent Of Highways. received and
accepted to-day the resignation Of Charles
F. Foley. OF Lockport, as first deputy su-
perintendent OF highways. He designated
James n. Sturtevant. OF Watertown,
division engineer. TO MI the vacancy. sub
ject TO the approval OF the State Highway
Commission. The first deputy has charge
OF the bureau OF maintenance and repair
and Il was stated that Mr.. Foley resigned
because It was deemed advisable to have
an engineer look after this work The
salary is $500 a year.
Mr.. Foley and Spencer J. Stewart
division engineer. were cited TO appear
before the State Highway Commission
this week to explain why the work of re-
surfacing two roads in Westchester
County had not been carried out. super
intendent Reel said the action OF the com
mission did not influence him in accept
ing Mr.. Foley's resignation. but that he
was guided entirely by determination to
reorganize the maintenance bureau OF the
department
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
MAY ADD TO HAWLEY LINES
Option Secured on Green Bay &
Western Railroad.
[Bv Telegraph to The TrIbune. !

Green Bay, Wis. Dec. 26.-Newman Erb,
representing the Hawley interests, has Sc
cured for 100000 an option on 1900 of the
25coo shares of common stock Of the
Green Bay & Western Railway Company
TO expire March l, 1913. with the privilege
OF extending the option to June 50 on pay
ment of a large additional amount.
Mr.. Erb and his engineers have made
several trips Of inspection over the line
this fall, and In view OF the large amount
paid for the option. it IS believed owner
ship OF the road will be changed soon
Mr.. Erb is connected with the Ann Arbor.
Chesapeake & Ohio, Minneapolis & 81.
Louis and Iowa Central lines now.
The acquisition of tho Green Bay &
Western road would give the Hawley In
terests a connection between Minneapolis
and Pittsburgh.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
SUGAR INDUSTRY GROWS
Farmers Raising More Beets to
keep Money at Home"
FAR SHORT OF THE DEMAND
Sixty. six Factories in II States
Produce Only One eighth Of
Home Consumption.

Washington, Dec. 26.-Each American
consumes about eighty-two pounds OF
sugar In a year, and only ten pounds OF
that ration is produced In this country.
according 10 calculations OF officials OF
the Department Of Agriculture in a report
on the beet sugar industry Of the United
States for 1901, which has just been
issued This point is brought out In en-
phasizing the possibility Of American
farmers keeping this money at home
by raising sugar beets.
Commenting on the sugar beet industry
in this country an official OF the Depart
ment OF Agriculture says:
Sugar IL product of manufacture
mainly from the farmers sugar cane AMI
sugar beets. Incidentally some sugar II
produced from the sap of the sugar
maple-the entire value of that product,
both sugar and syrup, and the sorghum
syrup Deing only about Nj,Vp,U9 annually,
while the total value OF the sugar beet
and sugar cane Industry Of this country
reached $iiL00,000
The cane sugar industry Jared badly
this year on account OF the Mississippi
River food. the entire production, includ-
Ing molasses and syrup, being valued at
only 100000.
Beet sugar Is a comparatively recent
product of this country. and can scarcely
be said TO have existed twenty years ago.
The production during the twelfth CEN
sus year 1899, amounted to 1.I9 short
tons, while the 1912 production aggregates
10000 short tons, valued at sI3,0o0.00O. The
growth of this industry and the plans
for its increase Indicate that beet raising
for sugar purposes is much desired by
farmers for profit and cultural bensfit To
the land
There are now in operation sixty-six
factories In seventeen states. which used
during the last season o.062. 1913 tons OF
beets. produced on 43s7 acres, and tho
industry has become one OF the main
stays and chief supports OF agriculture
under irrigation I'm the semi-arid states.
Yet this industry produces practically
only one-eighth OF the home consump-
ton The importation from entirely for
elgn territory now approximates 100000
short tons annually.
A home beet sugar production sufficient
TO cut off this production would not af-
feet the home cane sugar industry ad-
versely, because that has so nearly
reached its limit that any possible
At may fsS aays frGm nS% on VIII
country's consumption, which has consid-
erably more than doubled In the last
twenty-five years and now IL greater per
capita than any other country except
England.
with our present low average Of IL
short tons OF beet sugar an acre" the
official continued. ut would require L.
10000 acres to produce the 10000 short
tons now imported, or, as the acreage
harvested the last year was slightly less
than $4,000. II would need the production
OF 100000 acres under beets to equal the
entire home demand, a condition 10 which
for more than eighty years economists
have looked forward"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
STEEL PROFIT SHARING
u. S. Corporations Plan to
Take Effect in January.
PRIVILEGE FOR EMPLOYEES
May Subscribe for Preferred
Stock at 100 and Com
mon at sc.

Closely following the announcement on
Christmas Eve by Judge Gary, chairman
of the finance committee OF the United
states Steel Corporation. of certain in
creases in wages soon 10 be put into ef-
feet by its subsidiaries, came the ofnciai
information Yesterday that next month
the privilege OF subscribing TO the pre-
ferred stock on a basis of 500 a snare
and the common stock at 500 snare VIII
be offered TO the employees. This Is con-
tinuance OF the policy adopted by the
Steel Corporation in 1893 and observed
since that period.
Last January the subscription price was
fixed at $40 a share for the preferred and
So a share for the common stock. Inc
allowances for special compensation or
bonus TO be paid subscribers In 1913 VINO
retained their stock were fixed at 70
share for the preferred and g 80 annually
for the common. Subscriptions were re-
ceived from $685. employees for S'oD
shares OF preferred and 30.755 shares or
common stock.
The highest price ever paid by employees
Of the Steel Corporation under the pres
Ont Dfblll Slisti mo P's'ii
I'm 1910. while the lowest was in 1904, when
only So was paid. The highest price paid
for the common was in 1911. when 1t COM
manded so share, and the lowest price,
Of so a share, was paid IN 1899. The profit
sharing plan, so far as the junior issue
is concerned. however, has been In opera
ton only since January, 1909.
In view OF possible tariff reductions on
the products Of the Steel Corporation and
the suit brought by the federal govern
nent for It's dissolution. the announce
ment OF wage increases came as sur
prise 10 Wall Street. IL was also said
that the action was not the result OF I'M
portunities on the part OF employees put
was voluntary, being due TO the present
satisfactory condition OF the steel bust
ness generally. Last year the Steel Cor
poration paid out &sl 10000 In wages, so
that should the proposed increase equal
per cent it would mean an added eXpendl-
ture OF nearly s. 10000, or approximately
equivalent 10 tho surplus that VIII be
shown as a result Of the current years
operations.
Notwithstanding the outcry often made
about starvation wages" in the mills Of
the steel Corporation. officials assert that
employees have no reason TO complain, as
operating costs since organization nave
shown a marked upward tendency. "hie
rrices have tended steadl. downward.
II Is estimated that o. corporation
increase In costs resul from higher
wages, welfare work, tax. bonuses. etc
amounts 20 AT least 100000 year since
organization. ~,
In the past any 'ton taken by the
steel Corporation regarding prices ana
wage Increases has been the signal Tor
tho independents 10 follow suit ana IL -
believed that Tuesdays announcement
will be followed by similar ones from
no, controlled by II.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
SECURITIES At AUCTION.

The following securities were sold yes
teraav at auction at the Exchange sales
room by Adrian II. Muller & Son:
BY order OF Executors.
4, 47e eO-lOO ali right. title and Interest IN
Judgment recovered September I. III,
against Harry j. Bachrach In favor OF CeLia
Bechrach estate. .'.'.''''''' '''F"'
For Account OF Whom II May Concern.
100 sbares Society Of Agriculture and Horticult-
ure OF westchester County. n. " so
Zach OBSERVATION-DISCLOSURES. .S3,o2V lot
% shares Ninth Avenue Railroad Company,
%, shsres Christopher & Tenth Street Railroad
Germany 500 each. ...........-... loln
100 abares Manufacturers National Bank OF
Hrooklyn lex dividend), $50 each. .......,.4lo
100 shares Union Typewriter Company com
mon, 500 each. .......''''. .''''.. -. 90 ~
s5oo Chamber OF Commerce New York build
ing fund subscription non-cumuIatiVe income
registered bond. 900. ....... '''''''. -"
20 0OO Fifth Avenue Investing and Improve
ment Company 8 per cent gold bonds dated
April /. 1899. -. ;sloJ TO-
$50 900 improved Property Holding Company
-, New York general mortgage per cent
good bonds, Series l. dated OCTOBER !.
1911 ........-..... e - 80 ~ -
a TAX shares Santo Domingo Mining Company
Of Delaware common, 81 each. SO lot
go 600 Fifth Avenue Investing and Improve
ment Company per cent bonds. due Aprn
$50 900 Improved Property Holding Company
OF New York general mortgage per cent
bonds Series I, due October, ls4l.'''''so lot
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
HAS CAPITAL OF $11,500,000
Kansas City Stockyards Co. of
Maine Incorporated.

Augusta, Me, Dec. 2s.-The certificate
or Incorporation OF the Kansas City Stock
Yards Company. Of Maine, was filed to-
day at the office of the Secretary OF State.
The authorized capitalization Of the new
company Is s1l 10000. The charter per-
mits the purchase, construction, mainten-
ance and operation OF stock yards. The
names OF the promoters do not appear.
Kansas City. Mo, Dec. 26.-The Kansas
City Stock Yards Company OF Maine,
according to officials OF the Kansas City
Stock Yards Company OF Missouri, was
promoted by officers OF the Missouri con-
Germ and several New England men own
ing a controlling interest in the Mis-
souri, company. to take over the stock
of the old firm which has governed the
Kansas City Stock Yards for more than
twenty-five years.
Negotiations toward the reorganization
under the laws Of Maine were started by
Boston bankers last November. C. +.
Morse, president OF the old company an
nounced that the change was being made
TO facilitate the business OF the old COM
pany and to give it more scope In its
transactions"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
BUSINESS TROUBLES.

filed yesterday In the United states District
Court:
SAMUEL HUFFMAN. s7th street and Broad
way, also No II Columbus avenue dnvolun-
tary). Liabilities are more than $4,000; as
sets $1,000
THE FAIR to % CENT DEPARTMENT
STORE IA corporation). No. 2s1 Grand street,
with a branch store in Yonkers involuntary.
Liabilities are said TO be s25. 900; assets S.
coo
JOSEPH HABER No Js6 Second avenue
Involuntary. Liabilities are said to be 50 1000;
assets. 1900
MAX OsTROVSKY (the Harlem Department
StoreD No. 1881 Third avenue Involuntary.
Liabilities SO, 900; assets. 5000.
MORRIS GOLDSTEIN. No. 26s Blocker
street dnyountary)
c. GAVRAS 4 Co, No. 2fe East 1lSth
street Involuntary. Assets, &l.0o0.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
LONGEST XMAS GREETING
Flashed by Wireless from Mare
Island Navy Yard to Washington.

Washington. Dec. 26.-For the first time
in history, a wireless Christmas greeting
was last night flashed from the Mare
Island Navy Yard. on the Pacific Coast
to Washington. The message was from
Captain Mayo commandant OF the navy
yard, and was received by the giant radio
station at Arlington.
1t conveyed the wishes OF Captain Mayo
and other officers TO the Secretary OF tho
Navy and the officers Of the navy and
marine corps for "A Merry Christmas
and a Happy New Year"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
GOES TO MISSOURI PACIFIC.

ST. Louis, Dec. 26.-John Thomson Hen
bricks, Of Baltimore, a director and vice.
president in charge of traffic Of the West
ern Maryland Railroad. has been ap-
pointed general traffic manager of the
Missouri Pacific-Iron Mountain system.
effective January /. He is forty-eight
years o'a and has had twenty-seven years
Of railroad experience.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
U. S. TREASURY FINANCES.

Washington. Dec. 26.-The condition OF the
United States Treasury at the beginning OF
business to-day was: Working balance 500
4s7 $50; in banks and Philippine Treasury.
s31. 952 5Ss total OF general fund. slt2 449 21l
receipts Tuesday s3,249.s39; disbursements,
$685.. s03 The deficit this fiscal year is 81. 800
SIC. against a deficit OF So sos AIS last year.
The figures for receipts. disbursements ana
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
% ao5 600 FOR NEW EQUIPMENT.

Cleveland, Dec. 3.-FederaI Judge Day
to-day authorized William NJ. Duncan. re-
oeiyer for the Wheeling & Lake Erie
Railroad Company. 10 issue s2,425.0o0 in
receivers certificates for the purchase OF
new equipment. Duncan had applied for
authority to issue 100000 He is in
structed TO purchase thirteen hundred
freight cars and twenty locomotives, the
remainder to be usedsto maintain bridges
and the. company's docks at Huron, Ohio.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27
BOND DOTS.

Proposals will be received by the Coun-
~ Clerk OF Chateau, Teton County. Mont
until 10 a. m. on January 8. 1918. for
100000 per cent highway and bridge
bonds, denomination $1,000 and due Janu-
airy /. 1888, optional, after January J.
1928.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27

The Board OF Public Works Of Sarasota,
Manatee County, Fla. will receive pro-
posals until p. m. on January ., 1913
for 81 5 900 sewerage. $4,000 waterworks.
$4,000 street Improvement, $4,000 drain
age and $1,000 building per cent 1880
year. optional. coupon bonds, denomina-
ton $500 and dated January 1, 1913.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27

The sinking fund Of ventnor City was
the successful bidder for $4,000 per
cent street improvement bonds Of At
lantic CITY, Atlantic County. N. J.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27

Tho new strike OF gold ore made some
time ago on the Adamson-Turner proper
" at the camp OF Rexhall is proving to
be even richer than was FIRST reported
The ore shows more quartz than was
contained in the rich ore that was taken
from the upper workings when the gold
was imbedded In a soft formation that
at times was nothing more than a mud
but fairly alive with the precious yellow
metal
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-27

Albany. Clinton County. KY, accord
ing TO reports. will hold an election on
March 20. 1918. to decide on the question
OF issuing $50, 900 road bonds.