davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
CITY BONDS CO ATPAR;
A FEW LOTS BRING 99%
Municipal Credit Will Not Suffer Wherever
Engraving Is Done, Says Exchange
Committee, Explaining Listing.

thus becomes useful 10 the city at the
time when its usefulness is most wanted,
and minor considerations as TO the ulu-
mate award Of engraving contracts are
not permitted TO interfere with this fact.
Subsequently. the new bonds hay-
ing found their way into investors
strong boxes many Of the transactions
are confined to over-the-counter business
and to private arrangements. go that
should the exchange find it necessary to
exclude the work Of tie final engraver
no real harm is done the city's credit
After last years issue of city bonds the
contract for the engraving of the certf-
Gates went to the New York Bank Note
Company. the lowest bidder The bid Of
the American Bank Note Company. which
mad performed the work in previous
years. vas rejected The Stock Ex-
change refused TO list the securities en-
sraved by the New York Bank Note
Company. and because of this attitude
George II. Kendall, the president asked
the Legislature 10 pass bill aimed at
the alleged discrimination.
Opinions expressed by bankers yester-
day were that the new city bond offering
was a success in view OF the present con-
dltion OF the investment market.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
AIMS AT "TIEING" PLAN
Governments Chief Objection tc
Shoe Machinery Co.

Boston, May 2l.-An extension OF the
system which required shoe manufactur-
ers to use certain groups of shoe ma
chinery together was declared by the gov
eminent to-day TO have followed the or
ganization Of the United Shoe Machinery
Company, against which dissolution pro-
ceedings are pending in the United States
District Court.
BY presenting over forty different forms
OF leases in use before and after the or
ganization OF the company, the govern
ment aimed TO show an extension Of the
leasing system from three separate groups
Of machines. none OF which was tied
or required TO be used together, to nine
separate groups. eight OF which were tied
TO one or more other groups.
James A Fowler, assistant to the
United States Attorney General. informed
the court that the leases were changed
after the organization of the company
and that the provisions were made more
stringent. The government objects
said he, Ito every provision that ties one
machine TO another"
Charles +. Choate, jr, counsel for the
defence. contended that the "tieing" sys-
tenn formed a feature OF the leases before
the organization of the company and that
whatever changes were made were de-
signed TO meet the growing needs OF tho
trade, and were not in pursuance OF
plan 10 effect a monopoly OF the shoe
machinery business in this country, as
charged by the government
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
THE COTTON MARKET
Has Slight Reactions, but Closes
at an Advance.

There was considerable steadiness To
the cotton market yesterday, although
weather and crop news was IN the mar.
favorable. There was some demand from.
shorts and foreign trade. while the sell,
ing was apparently from Southern
sources Trading was not active. bus
whenever cotton appeared in any guam
tity there was only little setback needed
10 develop lot of absorbing power, one
broker selling 1000 bales OF october and
December within A range of points ~
time when the market appeared 10 %
particularly narrow. Closing prices,
which were within or points or thS
best, showed a net gain for the day OF
to points. European spinners are cred
tied with being buyers of new crop at
around II cents. and this is credited 10
prospects OF improved trade abroad. with
a large crop necessary next season and
not so far assured, even on increased
acreage and a fair start Southern spot
markets were unchanged TO 1-16c higher,
and the local market held unchanged at
i2c for midding upland; sales, zoo
bales. Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
CASH FOR CANALS LACKING
Short Term Notes Relied On to
Forestall Defaults.
fBy Telegraph 20 The Tribune.


Albany, May 21.-Unless Governor Sui
~ signs the bill before him permitting
~ State Controller to issue short term
nles there will be no money 10 pay for
work on barge canal construction work
itsr June !, according 10 a report at
ns Capitol to-day
This situation is caused by the poor
'oditon OF the bond market. The State
v'nroller believes that the necessary
''ads can be quickly raised by the issu-
snes Of short term notes and the more
-sent obligations in canal work be met.
me bill before the Governor permits the
wye OF short term notes in anticipation
BOND issue the notes 20 run not more
~n year AT rate OF interest not to
uesec per cent.
me state Is handicapped in raising
-'ney for canal purposes under the pres
"a. iaW, which permits the State Con-
1Oisr TO pay only per cent on canal
''0os to run fifty years. The Controller
not permitted to sell such bonds for
80 than par
the short term note bill is not signed
said that the state will have 10 de-
"N on its canal work contracts. Some
"ese contracts have been made at a
49, the contractor. who would be de-
so 70 get out OF them in this way.
,. sork could be continued only through
lung In which the state might lose
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
NEW YORK CURB.

Speculation ir the curb market yester-
day showed a considerable falling on In
the higher priced industrlals, and While
the general tone was steady, some irregu-
tefest almost entirely during the first part
OF the session was centred IN the new clty
AZ per cent bonds, which were again Of
Tered on heavy scale, going TO new
low mark at par, the temporary receipts
belLs subsequently transferred 10 the
Stock Exchange. Other bonds ruled abOut
unchanged. The industrial list was almost
entirely neglected, with considerable
pressure Oh Emerson Birmingham com
mon, which was offered at 30, after sell
ing at 81 with the best bid some ~ points
under United Cigar Stores of America
and British-American Tobacco were about
unchanged. IN the oil issues Ohio OF was
the feature, advancing about points on
the expectation Of large melon being cut
by the company. Atlantic Refining. on
the other hand. declined about 10 points
on small offerings. while Solar Refining
moved up - points. The copper stocks
were heavy
The Nevada shares enjoyed fairly
active market, with North Star the
leader Opening at Gle. North Star adj
vcEced 20 sales at 6Si2c and eased off to o3
at the close. Jim Butler came In for light
tading from sec 20 Sc "a did Tonopah
Merger from SEC 10 SIC. West End was
bought at us and Nevada Hills came out
were recorded at 5lc and Rescue Eula at
lSc 10 lie. Pittsburgh Silver Peak was in
demand at sc ana Manhattan Big Four
was wanted al CSC. Tonopah Mining was
sold at SIS and Belmont was firm at
81 5-l6. The range on Goldhed Merger
ORC was taken AT l5c 10 l6igc, Atlanta at
l5isc and Jumbo Extension at 2ic.
Furnished by Harry +. Thompson Co.. No
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
RUBBER GOODS EARNINGS
Net Sales Show Big Increase,
but Profits Drop.

The Rubber Goods Manufacturing Com
pany. according TO its report for the year
ended December 81. 1872 showed net sales
amounting to s36.l47,3S2 an increase Of
sl..6O,OSS over the previous year. Net
profits for the year were N.164,iSs, de-
crease OF s7365Os. The company paid ST.
go. eOI in dividends. leaving s46S,Ol5. after
setting aside sl5. $40 for redemption Of
bonds. The report said:
The net sales Of the year are approx
mately the same as those of the previous
year. The net profits however, are less
owing principally to the sharp competition
in tires which has prevailed during the
year. The plants Of the company have
been maintained in good repair and IN
certain instances enlarged-the Morgan d.
Wright plant at Detroit being in process
Of enlargement to more than double us
former capacity. The selling organization
of tires, conducted by the United states
Tire Company, has been further developed
until now it has reached great eficiency.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
LOAN IS 0VERSUBSCRIBED
Londoners Eager to Secure
Part of Chinese Offering.
fBy Cable 10 The Tribune

London, May Gas seemed prob
able from the known intention of many
important firms 20 apply for large
amounts, the subscription list for the
chinese loan remained open only one
hour yesterday.
Various estimates of the number Of
times the loan has been covered were
current, ranging from &c GO, but there
is reason to thinK that the s22 900, 900
offered TO the public was subscribed ten
times over.
1t was noticeable that the great sue
cess Of the issue produced no improve
ment in the price. which remained a.
l per cent premium.
Berlin. May 2l-The portion Of the Chi
nese loan allotted TO Germany was heav-
lily oversubscribed to-day, the entire
amount issued being covered by non-ne-
gotiable subscriptions alone
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22

Pending the placing Of the contract for
the printing Of the new $40 10000 issue OF
city bonds the Stock Exchange committee
on stock list Yesterday admitted temporary
receipts for immediate trading. Before
this announcement about $4,000 Of the
new bonds changed hands on the curb
selling down 20 par. compared with lOois
on Tuesday.
on the big board" transactions in the
bonds were heavy. the total for the day
amounting to $1,000 Most OF the
transactions were at par. while few
lots changed hands at 1905 and 993s
This action" said the exchange COM
mittee. commenting on the listing of the
temporary receipts. lis in line with the
policy OF the exchange in all recent bond
issues by the city When as and If is
sued contracts and temporary receipts
have been admitted regardless of the ul-
innate award OF the engraving contract.
THE committee feels that the interim
before the final Issue Of the engraved
bonds is the period when the facilities OF
the exchange are most required by the
city. because this is the period when the
new bonds are finding their way into the
hands OF investors. The Stock Exchange
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
w. c. BROWN OPTIMISTIC
"ater Wheat in as Good Con.
uition as He's Ever Seen It.

,.,,' nisuc sentiments were expressed
IA. .usv by W. c. Brown. president OF
,.e,. ~" York Central lines. on crop pros
s.,s. ne has just returned from a two
~ IMP in the West.
R,,,- winter wheat from the Missouri
obs all the way through TO Eastern
M, -, !" good as | have ever seen 1t at
u. "'e OF the year" he said. I'm fact.
t,l,s nah grain looks well. and corn is
sona,,, rapidly planted under as favorable
auOhs as | have ever observed.
e.,. On my observation l should think
s.,. vas quite large proportion of last
tr crop still IN the hands OF the
r,,Iaa' did not 20 west Of the Mis-
a.D ~ on my trip. but l talked with
Esn..." o have been through Nebraska,
fs,or,. oKiahoma and Arkansas, and the
.,A'.' are all similar. Winter wheat il
Aoms approaching maturity In Okla
ARA. resent conditions indicate very
i I'm. op Tor 1913 Business on all Hines
'4''s Up to normal"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
Yester-

Cotton Exchange special Liverpool cables
Spot cotton dull; sales. 5000 bales: speculation
and export. 500: American, 5000. Imports
5000: American 1900. Middling upland.
e.72d Futures opened quiet, unchanged to n
point advance: closed quiet but steady, AZ a
net advance Of Ia TO 81. points; May, 6.f hd;
Msy-June. 647i1d; June-July. SHEd: July
August. s 45d August-september. 6.3id; Sep
tember-October. 6.l5l1d. October November.
9. 0sd: November December. 605izd; December
January. 6.04nd; January February. 604o'
February March. 605d: March-April. $3.50
April-May. sod: Msy-June. 6.0Ti7d. Man
chester-Ysrns quiet but steady; cloths steady.
New Orleans. May 2i.-Cotton futures TO
day. though depressed in the afternoon, when
scalping longs took prohts. recovered fairly
well toward the close, which was steady ~ a
net advance OF 517 points.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
STOCKS IN OTHER CITIES.
CHICAGO STOCKS.

Chicago May 2l-To-day's market in
local securities ruled fairly steady ana
the dealings. while small in the agere-
gate. included fair sized list of Issues
Quaker Oat3 common made "A further de-
cline of a couple OF points and then al
vanced 10 above the previous closing
prices. Goodrich common regained about
polnt Of recent losses and there were
fractional advances in quotations on Dla-
mond Match and Chicago Railways Series
issues. Small dealings at unchanged
prizes occurred in Peoples Gas, limos
Brick both classes OF National Carbon,
American Can preferred and Studeoaker
common. The declines were small ana
included Quaker Oats preferred. Chicaso
Railways Series .. Sears-Roebuck com,
mon. American Can common, Swift ana
United States Steel common. Free sell
ing OF Chicago Railways Series and city
Railways 81 at small declines in prices
and the further recession In Common
wealth Edison IS were the features OF
the bond market
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
MISCELLANEOUS.
COMPLETING NEW STEEL MILLS.

At a special meeting OF the finance COM
mittee OF the Steel Corporation yesterday
afternoon it was decided TO proceed with
the work OF completing the new mills OF
the American Steel and Wire Company at
Birmingham, Ala. Ii is understood that
about $500 600 will be required to complete
tho mills. work on which has been halted
since early in 1911, and that they will be
finished by the late summer or early fall.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
THE METAL MARKETS.

COPPpR-The local street market Tor COP
p.r was firm with lake quoted loc, electro ,
ivtlc l5i,di6c and casting l5sc. STANDARD
copper on the Metal Exchange was dull. Win
spot May. June, July and August quoted
ouiet at fsS los Sd for spot and t6s los tof
futures. Arrivals OF copper at New YORK yes.
terday were 400 tons and exports 80 tsr thi
month 28IsS tons. 49,,
TIN-ouiet. New York spot and May
4sle,. aisSoc; June s2ng a. JS.y,
al Ts8ti 26c In London tin closed at f22G
los for spot and ELS IS for futures.
LEAD-Easy. New York spot 2oc, snf
East 81 Louis, 4;loua-<ne ionuoh 'es'
sPbIITER-Ouet New York spot, s5a
5iJc. and East 81 Louis. 5.2od5.3oc. London
shelter closed at fct los.
IRON-Clevelend warrants, Cos Sd. Local
market dull with No 1 foundry, Northern, Nc
! southern and No | Southern. soft, quoted
sl5esI5 80; No 2 Northern iron. SIC I56$Ii.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
CONFER ON DISSOLUTION PLAN.

Washington, May 2l-Maxwell Evarts
and +. H. Loomis. representing the South
ern Pacific, conferred to-day with Attor-
ney General McReynolds over the disso-
luton Of the Union Pacific-Southern
Pacific merger. The Attorney General
said the conference was one OF a series
ne expected TO have looking to an agree
ment on a plan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
CHICAGO GRAIN AND PROVISIONS,

Chicago. Nav 2l.--More life and strength de-
veloped in The wheat market TO-DAY than AT any
previous time for weeks The chief reason Vas
the receipt OF unfavorabe crop reports rom
Oklahoma and from Southern and western
Kansas Closing prices were buoyant SO so
over last night Corn made net gain OF 'sg
visions at decline OF 2'-g2oc. Range OF
DrlC1s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
EXPORTS OF APPLES.

According TO the annual statement OF
EXPORTS of green apples from ports IN
Tho United States and Canada for thu
season OF Isl2-lsiS. furnished by Lunham
& Moore Produce Exchange freight
brokers there were sent abroad from
the elk ports of New York, Boston, Port
land. Montreal, Halifax and St. Johns
n + a total Of 2,97643l barrels. includ-
ing l.292,oO7 boxes. which are /eckoned
Work. sent 9ss. cO7. Comparative export hg.
ures for the last Ave seasons are as fol.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
ITEMS Of WALL STREET
transactions for foreign account on the
stock Exchange yesterday were about
900 shares, mostly on the buying side.


Dividends have been declared as fol-
lows:
o. Cold Chain Mining Company OF Utah, per
chicago Elevated Railways regular quarterly
OF IA per cent on preferred participation Ger
MAY 80
Utilities IMPROVEMENT Company. regular
monthly Of z per cent on preferred and l-G
per cent on common. payable June TO stock
or record Nav Is
Cities Service Company. regular monthly o,
? per cent on preferred and $40 per cent on
common payable June = to stock OF record
American Gas COMPANY. quarterly OF .. per
cent PAYABLE MAY 81 70 stock OF record NAV 81
General Electric Company. quarterly OF per
81
Great Fails Manufacturing Company. semi
annual OF So, payable June to stock Of record
standard Gas and Electric. quarterly o. .
per cent PAYABLE June 10 10 stock OF record
Cuban American Sugar Company. regular
quarterly Of Ia. per cont on preferred. pay able
July 20 stock OF record June 10.
The Erie Railroad has placed orders for
5000 freight cars as follows: The Amer
lean Car and Foundry Company. /, 800
box the Pressed Steel Car Company, 90
hopper, and the Standard Steel Car Com
pany, 100 box 500 Gondola and 800 hop
per. The Hooking Valley has ordered ! .0J)
gordoia cars from the Ralston Steel Car
Company
NJ meeting of directors of the Met
ropoltan Trust Company yesterday John
T. Terry was elected director 10 MI the
vacancy in the board caused by the death
OF his father.
\ membership in the Produce Exchange.
all dues paid. was sold at auction yester-
day for Sil5.
J. p. Morgan will sail for Europe on
vacation trip soon after the return Of
II. =. Dawson. early next month.
At the annual meeting OF the Rubber
Goods Manufacturing Company. 4. L.
Kelly retired as director on account OF
i'll health
Application has been made 10 the stock
exchange TO list 10000 OF the common
stock and $4,000 Of the per cent
cumulative preferred stock OF the Bush
Terminal Company. Application has also
been made 20 list s3.5oo00 first mortgage
per cent Interocean Plant sinking fund
bonds Of the Railway Steel Spring Com
pany.
Paul NJ Warburg. Of Kuhn. Loeb &
Co, sailed on the Msuretsna for Eu-
rope. He will be away about three
months
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
CURB ECHOES.

II is rumored that an increase in capital
stock Of the Ohio Oil Company will be
made. from sl6,cOo.coo. IT'S present amount.
10 a much higher figure. According 10
this report. II the surplus exceeds $1,000
900 stock dividend Of 400 per cent may be
declared, and II less than that sum
stock dividend OF 300 per cent may be an
nounced The surplus reported as Of De-
cember 81, 1912, was approximately $50
10000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
BOND DOTS.

G Holmes, City Auditor Of Salem, Co
lumbiana County. Ohio will receive pro-
posals until noon on June for $4,000
AZ per cent refUnding bonds. denomna-
ton 81 600, dated April !, 1921. Accrued In
terest TO be paid by the purchaser.
The Clinton National Bank. OF Whining
ton, was awarded on May 10 the $1,000
per cent six and half year average
coupon site purchase and building bonds
OF Mount Pleasant. Mount Pleasant Spe-
cial School District. Clinton County. Ohio
According 10 reports, Hamlet. Richmond
County. North Carolina, held an election
on Nav 8 and authorized the issuance OF
$1,000 school. $1,000 sewerage system and
50 900 street improvement bonds.
J. T.. Smith. County Auditor OF the
Board OF County Commissioners OF Nor
walk, Huron County Ohio. will receive
proposals until noon on May Is. for Ss,ooo
90 per cent coupon bridge Improvement
and construction bonds. denomination
800 dated May /, 1913, and due November
J, 1926.
J. 6. & W. s. Kuhn. Inc, OF Pitts
burgh. were awarded on May - the $4,000
AZ per cent tax free school bonds OF
Knoxville. Knoxville School District,
Tioga County, Penn.
d.
The 3il per cent bonds OF the city OF
Frankfort on the Main. recently drawn
for redemption. will be paid in this city
al the Office Of Speyer & Co.. on and after
September l. 1913. at the rate OF exchange
OF that day.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22

The following statement was submitted
BY the treasurer OF Giroux Consolidated
Mines Company 10 the tax assessor OF
White Pine County, Nevada: During inc
quarter ended March 81, 1913. 1883 tons
were treated. carrying gross value OF
s35l. $40. Extraction casts were 322o.s
TRANSFORMATION charges s22,439 and smelt-
ing costs sl3s. 523. or a total OF %s'.92l,
net loss Of s36.25l BY months the follow
ing figures are shown: Janusry-produc-
ton 80. $50 tons; gross value. si23s5S' ex-
traction costs ys3,65s; transportation
charges H7O9: reduction A1,256, deficit
81 90 February-Production &,926 tons;
gross value sl02. 30; extraction Ss,lo;
Ei3i; reduction as4H;
deficit SIG. ss5. March-Production a.
tons: gross value fl25,7i5; extraction go
11s: transportation 1851; reduction Si'aS;
deficit sl0,3H.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
p.e;6e Gas and Electric Company.
eEclJRITlEs At AUCTION.

The following securities were soio yes
.or5ay az auction at the exchange sales-
,oom by Adrian II. Muller d soh'
nv order OF executors.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
NEVADA QUOTATIONS.,
TOSOPAHS.

Furnished daily by Weir Bros 4 Co.. No. %
Broad street,
May a. 1918.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22

The balance sheet of the Oil Fields OF
Mox,co Company. as Of December 81 1872
shows assets as follows. Property, NS5S'
s72: railway and pipe line, N,4S2,Sol; cash.
ss5 sss: accounts receivable 1887; pre-
ferred shares subscriptions, s59i,ss2; treas
my stock. 81 .025, S95; total, together with
,.,,os,rents furniture and fixtures, etc,
ss3S5.12i. o.
Liabilities: Ordinary shares |i,oU""'
nreferred shares, 100000; debenture
bonds. 81. 600 OO mortgage on railway ana
nine line. including accrued interest, 81
Ios e,A. mortgage on Palma Sofa" prop
80, including accrued interest. 500, 1873
accounts payable, $40; miscellaneous
81 osf: total. IS. 2e5,l2i
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
FURNISHED by Harry +. Thompson Co.. No
IS Broad street,
COBALTS.
BALTIMORE STOCKS.

FURNISHED by Middendorf. Williams Co, NO
o. Pine street New York. and No i:s East
Geruan street. Baltimore
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22

,,.o stock Society of America; 100 AmerI,
can connascent N,,r ss,,o CO. Co IT. 600 Cold
Koys Mining co, 79i Gilmore Mines Conson-
hcel 200 Swan Electric Manufacturing. 90
swan Electric Manufsei s,mmsoo CO. Patent
hoN I'll, q. Boston, Mass 0oU. 200
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
Interstate Electric Corporation.

The Interstate Electric Corporation
has compiled a comparative chart show
ing the bonded debt per capita. and
fixed charge per capita Of the Interstate
Corporation as compared with nine other
re nreseniatiVe holding Companies.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
Western Railways and Light Company.

The Western Railways and Light Com
pany has issued It's report for the year
ended December 81. 1912. as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
INDUST RAILS.

FURNISHED by Harry T.. Thompson e. Co.. No.
q HrOad
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22

Paul NJ Warburg. Of Kuhn, Loeb &
Co, sailed on the Mauritania for Eu-
rope. He will be away about three
months
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-22
TORONTO STOCKS.

'Interest 10 be added