davidaulloa/AmericanStories huggingface dataset:
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20
Eva Dividend Probably Is Re.
sponsible for Increased Ac-
tiyity - BatteIIe Com
pany Incorporated

More activity was shown in the
market during the six-day period end.
Ing Friday than for fortnight prior.
The action Of the directors OF the
Eva plantation in declaring an extra
dividend was responsible probably
for this. The trading was scattered
among a variety of stocks, some of
which were OF the high-price class.
One Of the interesting develop.
ments OF the week was the incorpor-
alton Friday Of the Battelle Sugar
Refining Co. with capitalization OF
$500. 900, divided into 100000 shares
at one dollar each. The present ON.
GERS are G. Hedemann. president;
William g. Walker. yice-president;
Herbert 8. Walker, secretary; H. p.
Benson, treasurer, and r. A. Cooke,
A. Gartley and g. p. Wilcox, mem.
bers Of the board OF directors.
The trading in stocks was. I'm 10
companies, with the most Of the buy.
ing In Eva and Hawaiian CONNER.
cial. Altogether 1915 shares
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20

influential in building it up. until Il
has become by far the largest COM
pany producing beet sugar in the
United States:
The loss to the company Of his yal
ua6le services will be great, and IL
win be difficult to I'LL his place.
EUROPEAN BEET CROP-F. o.
LIGHT cables US specially from Magde-
burg. Germany. November IS. 1918:
Weather benefited the harvest
work"
December 2, 1913: Weather has
not benefited harvest work" .
CUBA CROP-Special cables re-
ceived by US from Havana, Cuba: i
November %. 1913: Weather
fine; / central grinding, against 1
last year and none in 1911" .s@.-a'.
December 2, 1913: Weather fine;
s eentrals grinding, against 8 last
year and in 1911" sG@s. 4
PORTO RICO NEW CR0P--San
Juan, p. R., November IS. 1913.--We
are in receipt of your cable of the
25th instant and beg to inform you
that, with the exception Of perhaps
two or three larger centrals that will
start grinding during the middle of
December. weather permitting, the
crop will not start until about the
middle of January.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20
OF TRADE STATISTICS
OFHAWAII And FIJI INTERESTING

G17S,639; Hawaii, $685. S1.
These figures, too, are rather in
Jteresting. They show that while Ha-
wallis Imports are eight times as
great as ours, yet the duty she col.
9lects Is more than tmice as much
as ours; and that although she
does three times more shipping dues
than we. yet we collect As per cent
more in tonnage dues that she. Again,
although her annual trade is eight
times as large as ours, her customs
revenue is only little more than twice
as much as ours. =.
OF course, as a set Off to such a
startling disparity, there is the fact
that all her trade with America is
exempt from duty, and practically ex-
empt from dues, but at the same
time the proportionately large Gus
toms revenue of Fiji stands out very
conspicuonsly in these, returns.
Annual comparisons with Hawaii's
trade win be given IN this Journal, in
future, and judging by the present
table, should become Increasingly in
teresting as the years advance.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20

A London school inspector claims
that interference with the lefthanded.
ness OF children is apt to cause STAN.
mering.
Marshall Hermes de Fonseca. presi-
dent of Brazil Is to marry Senorita
Nair de Teffe. the daughter Of a Bra.
lillian senator.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20
FRUIT OUTLOOK IN CALIFORNIA
BY Ialesf MALL -

SAN FRANCISCO The American
National Bank IN its November fiji
ancial says: s.. ~ 5
Copious rains from Red Bluff to
San Diego have brought new yigor
to vegetables and renewed confidence
to ranchers and merchants. In near
ly all agricultural sections the rainfall
for the season exceeds last year, and
the encouraging outlook is for a wet
winter, following two dry ones. If
this hope is realized, 1t means a con-
tinuation Of prosperity throughout the
state. 0sanA
Shipments of fresh deeiduous fruits
have ceased; total output sent from
the state to November 12 was 1857
cars to the same date last year Bet
ter prices we're realized in nearly all
cases and the money returns from
fresh fruit shipments were consider
able greater than in liz. Apples,
which are not Ancluded in the above
figures, yielded a rather large crop,
and shipments were, below the aver
age. y ses >
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20
COMMERCIAL ITEMS.

The stock and bond exchange will
close Thursday, Friday and Saturday
for the Christmas holidays next week.
The three days holiday was ANNOUNCE
ed Wednesday on the exchange.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20

to 40 cents on the share.
An extra dividend of SO cents Is
being paid by the Oahu Railway and
Land Company together with its reg
ular monthly dividend OF SIS cents.
The good financial condition of the
company prompted the extra diyi-
derd. Holders were asking 100 for
the stock Wednesday.
Reports from the Philippines bring
the intelligence that owing to the re-
cent tariff legislation of the United
States, the contemplated improves
ments in the sugar houses in num-
Der Of instances have been abandoned.
We hope this report is unfounded, but
| 1t would not be a surprise II It were
true.
Notice of resolution passed by
the directors of the Onomea Sugar
Company was made this week It
states that a dividend Of Is cents viii
be paid January 5, and that thereafter
dividends will be suspended until
such time as the realizatiOns from the
1914 crop can be better approximate
ed The street had expected this an
nouneement. {.
Roumania, so says an Austrian con.
sular report, had brilliant sugar
campaign in 1912. despite the crisis
brought about by the Balkan war. The
tonnage CT bsets ran to 260. $50 metri.
cal tons 10 contrast to $50, 279 In 1910.
III. The sugar production was 1855
tons, and in 1901 it was $4,000 tons,
The consumption at home was S2,241.
tons, while in 1901 1t was 29,S61
tons. There are five factories located
at Roman, Ripiceni. Marasti, Chitila
and Sacut. The prices for sugar are
somewhat lower than they were few
years ago.
An exchange brings the statement
that alongside the plantations In the
Philippine islands they find the cocoa.
nut plantations very beneficial, the
trees making it crop of diversity,
so to speak, to bridge the disparities
of the cane crop. 1t is estimated that
the cost CT a 2500-acre cocoanut plan
tation for period of five years Is
$168, 709. The returns begin In the
sixth year. with 1.200,000 nuts, valued
at $27.270, increasing each year till
the tenth. after which the yield will.
be 100000 nuts. valued at S136, $50.
Forty palms are reckoned to the acre.
-
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20

Another special dividend which will
be received in ample time to act as a
Christmas present was declared by the
Honolulu Brewing and Mailing Com
pany The special dividend amounts
to 40 cents on the share.
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20

Al man always begins flirting with
a girl for relaxation and ends by re-
garding it as q daily chores
Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1913-12-20

MAY BE SECURED BY THE USE or
THE BEST SOAP IN THE TERRI
TORY. THE PuREST INGREDIENTS.
THE MOST TALLoW AND ALSO
LUTELY NOTHING THAT WILL IN
JURE THE FINEST FABRICS.
WHEN you ARE ORDERING SOAP
SPECIFY
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Open Market Provided
For Exchange Bills.

Under this power there is an open
market provided for handling bills OF
exchange and making available for
American use. or establish foreign
market for such bills OF exchange, and
obtaining money at n low rate OF in
teTest
Under Section "A, any Federal re
serve bank
Upon the Endorsement OF any
member bank =" may discount
notes and bills of exchange arts
ing out Of commercial transac-
tions-that is, notes or bills Of
exchange issued or drawn for ag-
riCultural, industrial or CONNER
cial purposes, or the proceeds OF
which have been used or may be
used for such purposes, the Fed
eral Reserve Board to determine
or define the character OF such
paper This paper must be of
short fixed maturity-not more
than 80 days"
Il is obvious that there is no limita
ton upon this discount power, ex.
Cept that the reserve bank must keeT
80 ID per cent gold or legal tender
against its demand liabilities
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
No Gain for Either
In |. C,-S. P. Merger
Only Ennity of Other Powerful Sys.
TENS Could Result, Says Illinois
Central Officer.

CHICAGO. Sept 2O.-"Nothing
would be gained for either road in
control of the Illinois Central by the
Southern Pacific" an executive officer
of the Illinois Central said yesterday
There is nothing in the report, as
there have been no negotiations for
such control And what would be
gained? As a matter q fact, this is
the very move that railroads are now
trying to steer clear Of As the situa-
ton stands the Southern Pacific de-
HVers business to and receives pas
sengers and traffic from half a dozen
roads entering the New Orleans dis
trict from the North and East If the
Southern Pacific were to tie up with
the Illinois Central or any one of it's
connections II would turn all the other
lines against the combination and the
latter would be dependent solely upon
what it could originate itself.
1T was this control of through
routes that caused the Chicago and
Northwestern to enter a deal with the
Northern Pacific and that was the
prime reason for the Milwaukee and
St Paul extending to the coast.
THE Great Northern by purchasing
the Burlington threw all their traffic
together, and the Milwaukee & St
ending in the Twin Cities were forced
to get what they could from the
Northern Pacific. The old Wisconsin
Central was purchased by the 500,
and the st. Paul built to the coast
and the Northwestern hooked up with
the Northern Pacific, leaving the Chi
cagO Great Western and Illinois Cen
trail in the lurch. The Illinois Central
does a good local business and has so
many other lines that the St. Paul
situation means little to it. but the
Great Western is starved for such
traffic.
The Union Pacific. while heavily
Interested in Illinois Central, does not
discriminate in its favor in Omaha,
preferring to be on terms for traffic
with all lines entering Omaha.
LAS for 4 transcontinental passen-
ger train route, there is nothing to it.
People would not ride 3.O00> miles
across this continent without a change
Of cars. II would require an average
Of five days at fast time. The long
Journeys on the trans Siberian Rail-
road are said to cause insanity OF
passengers
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
American Cotton Oil
To Resume Dividends
Latest Estimates Show Earnings of
to Per Cent Applicable
to the Common.

NEW YORK, Sept. 2O.-The under
standing that the management of the
American Cotton Oil Company this
year is disposed to pay TO the common
stockholders whatever dividend may
have been earned. and the fact that
the latest estimates showed earnings
applicable to the common of between
4 and per cent, has caused cheerful
expectancy on the part of persons
with whom the stock was a favorite
previous to the last two nom dividend
paying years.
The best information obtainable is
that the situation has not altered of
late except that the high price of corn,
operating toward higher costs ofIlard,
works in favor of the cotton oil pro-
duCers. The new season has opened
favorably as was the case last year.
but the early promise a year ago was
not sustained and competition for cot
ton seed forced the price to prohibit
tive figures. This year, however, as in
other years, the important fact to be
determined is the price of cotton seed,
together with the output.
Action on this years dividend on
American Cotton Oil will not come up
until early in November.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Restrictions Imposed on
Longer Term Paper.

Where the reserve bank has more
than 33 Is per cent in cash against
its outstanding demand liabilities, eX-
elusive of its outstanding Federal re
serve notes by an amount to be fixed
by the Federal Reserve Board, il may
discount such bills Of exchange where
the maturity does not exceed 100 days,
but not more than half Of such paper
so discounted for any member bank
shall have maturity of more than 80
days. The member bank may also dis
count ecCeptanCeS OF banks which are
based on the expectation and impor
tation of goods which mature in not
more than six months. and which bear
the signature OF one member bank in
addition to that of the aCCeptor. but
the amount so discounted shall not
exceed one-half Of the actual stock OF
the member bank for which such re-
discounts are made
These notes or aCceptanCeS coming
into the hands Of an ordinary ma
tional bank would be indorsed and de-
livered to the reserve bank as Collat
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Bankers to Refuse
Money to Mexico
J. p, Morgan and Others Say Neu-
trality Edict Prohibits Finan-
cial Aid to Either Side.

NEW YORK. Sept. 2O-American
bankers have decided to stop lending
money to Mexico.
J. =. Morgan said:
In view of the neutrality edict of
this Government. which prevents the
sending of munitions and arms to
Mexico. | would most certainly re-
gard the loaning of money to Mexico
as prohibited.
IF the sending of arms and NUM-
tons of war is cut off, the sending
of money most naturally must be. be-
cause il is the greatest war NUM-
ton"
These views were echoed by other
leading bankers.
Wall street heard Senior ZamaCona.
confidential agent" of President
Huerta, was in town to negotiate a
Mexican loan, but investigation failed
to show he had visited any of the
leading banking houses.
Considerable significance was at
tached to the statement made by Mr..
Morgan. in view of the fact that his
firm and Kuhn, Loeb & Co. partici-
pated with European bankers in the
$50, 100000 loan recently made to
Mexico.
The attitude taken by American
bankers will now force the Mexican
Government To seek financial assist
anCe in Europe.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Southern Pacifc'S
Bonds Cheap at 81
Convertible Is, Called Good Invest
ment, Selling Under Price
of Month Ago.

Southern Pacific convertible 4 per
cent bonds are attractive for invest
ment around the present level of 81,
at which, maturing in 1929, they yield
$40 per cent income.
These bonds have made no response
to the 3-point advance of Southern
Pacific stock In fact, they are sell
ing 2 points under the price at which
they were traded in a month ago.
So large a yield on a bond, so safe
as to interest and principal as the
Southern Pacific Convertlbles, is I'M
usual even in the present investment
market Early in 1913 these bonds
sold at SO ga, and a year ago they
ranged between "a and 80. The low
point reached during the current year
was "a.
The convertible feature Of the
bonds is of no particular value at
present. The bonds are eXchangeable
for stock on the basis of 1870 for the
shares, at any time up to June l, 1919
Whether Southern Pacific will sell at
100 before the conversion privilege
expires is, of course, a purely specu-
lative question, and the stock would
have to sell above 1870 to make the
exchange profitable for the bond
holders.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Federal Sugar Go,
Faces Publicity
Spreckels Must Disclose Financial
Situation of Concern or Have
Stock Wiped OF List.

NEW YORK, Sept 20-Claus A
Spreckels Federal Sugar Refining
Company securities will be stricken
from the New York Stock Exchange
il the company does not file with that
institution an annual income state
ment and balance sheet long overdue
This violates one Of the agreements
entered into with the Exchange when
the stock was listed in May, 1910
Spreckels. IL is understood. promised
on April 10 to publish an annual re
port The company distributed to
shareholders what purported to be the
yearly report, but il did not contain
the statements desired by the Tx
change.
Mr.. Spreckels finally said he would
like to have the S3,322,S0 preferred
and $6,677 200 common shares remov-
ed from the list.
As the sudden removal Of the shares
from quotation might result in finan-
cial injury to stockholders who had
purchased them because they We're
listed. and to protect people who might
have some OF the shares up as Collat-
eral for loans, the Listing Committee
refused TO throw them off. despite the
statement by the Federal that 20 per
cent Of the shareholders We're In favor
Of such action.
When the stockholders hold their
annual meeting they will be asked 10
vote upon the question.
Stock of the Goldheld Consolidated
Mines Company was stricken from
the Stock Exchange list last June for
refusing to comply with the publicity
rules That was the first time such
action was taken.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
MEATS COSTLY
ELSEWHERE AS
WELL AS HERE
Whitcomb~ Company Tells How the
Packers Are Importing Beef
From Across Equator.

Part at least. of the high cost Of
living is not due to causes in any way
peculiar to Atlanta, but to conditions
which are of national and even in
ternatiOnal scope" remarked W. ".
Burke, Of the H. H. Whitcomb Il
Burke Co, grocery brokers, No. 149
Madison avenue.
1T may be true that meat prices
in Atlanta are higher than in any
other city except Boston, as the Gov
eminent report indicates. I do not
know the answer to that. But meat
prices, all the way from Bangor t.
Seattle and between, are too high The
reason is scarcity Of cattle.
Take Libby, Mcneil & Libby as
examples. The firm is unable 80
make full deliveries of its canned
products just now, simply because it
can not get the raw materials in suf-
ficient volume. Other ackers are In
the same plight.
The shortage is so acute that it
now is profitable to import fresh beef
from Argentina and Australia. LID
by's now are bringing large quaint
ties from South America
Between 100000 and 100000
pounds of fresh beef, practically oil
from Australia and Argentina, en-
tered the United States in the last
three months, indicating that he To-
tai for this fiscal year will exceed
5000, 900 pounds.
Prior to 1912 the importations of
fresh beef averaged about one-third
of a million pounds per annum.
THE import prices range from ap-
proximately cents to 10 cents per
pound, the average having been from
Australia SO cents per pound, from
England 90 cents per pound. These
are the figures of value in the coun-
try from which the beef is sent to the
United States, and do not include the
cost of transportation or the tariff Of
l II cents per pound"
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Atlanta to Front in
Boston A. B. A. Meet
Bids for 1914 Convention, and Has
Member of Currency Commits
sion in Delegation.

Unless President Wilson succeeds
in making the Senate move much
more rapidly than it has shown any
signs of doing, currency reform will
still be an open question when the
American Bankers Association holds
its annual convention in Boston, begin
ming october 6. This means that the
discussion of the Owen Glass bill
which has heretofore been confined to
committees and conferences, Will
come before the entire membership
for the first time and will overshadow
other questions before the associate
Joseph McCord, of Atlanta, will
take prominent part in the discus
sion, as he is a member Of the cur
rency commission. Atlanta will send
a strong delegation, as it is bidding
for the next convention.
The program for the convention has
just been announced by the secretary,
Colonel Fred E. Farnsworth. who was
in Atlanta last week, and at the open
ing session Of the convention October
5, following two days of committee
and section meetings, A Barton Hep
burn will present the report of the
currency commission, of which he is
chairman. \ general discussion viii
ensue, led by members of the COM
mission.
Another important matter that is To
come before the convention is a gen.
eral revision of the associations con-
stitutiOn, on which a committee has
been at work.
Joseph Chapman. vice president OF
the Northwestern National Bank OF
Minneapolis, will report for the com
mittee on agricultural development
and education. Among other speak
ers, James ]. Hill will deliver an ad-
| dress ON Agriculture in the United
States" and Dr. George f. VinCen6
president of the University of Min
nesota. will follow with an address or
The Tendency Toward Practical Ed
uCation."
William J. Burns. Of the William J.
Burns National Detective Agency, wil
address the savings bank section. Ir
| the clearing house section Carl Mey-
err of Chicago, viii read a paper or
1.-THE Incorporation of Clearing
| Houses" An address on Extension
| Of Clearing House Examinations" be-
| fore the same section is also seized.
uled, but the speaker is still to bt
| announced.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Chances of Loss Not
One Out of a Billion.

In answer to a question, What
would happen II the man making the
note should become bankrupt" the
answer is that the man to whom
credit will be extended on a four
months note by "A solvent bank is
not apt to fail within four months.
The chances OF his falling must be
considered. however. 1t is far less
than one in ten thousand. The mem
Der bank Of good standing under the
bank examiners report failing within
the fixed period of four months is
not one in a hundred thousand.
The measure of probability of both
the maker of the note and the bank
both failing within the fixed period
Of four months is one in ten thousand
times hundred thousand, or one out
Of billion. But in such a Contin-
gency the Government has the safe
guard of the reserve of the member
bank on deposit; IL has also the fur
Their security of the stock Of the
member bank so falling, and in the
event that this should not suffice
II has the double liability OF the pTi-
waite stockholders Of the member bank.
In addition to this, against this re-
mote contingency, Il has 3S Is per
cent lawful money reserve of the Fed
eral Reserve Bank; and in addition
to this il has a first lien against
the entire assets Of the Federal Re
serve Bank. and the double liability
of the stockholders of the Federal
Reserve Bank. consisting of an aver
age of probably five hundred national
banks. so that the possibility of loss IS
not To be considered
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-09-21
Uniform Freight Car
For All Roads Urged
Santa Fe Head FaVors Equipment
Company Owned by Lines, Civ
ing Impartial Prices.

a uniform standard of freight car
construction for all railroads in the
United States is suggested in a let
ter written by f. p. Ripley, president
Of the AtChison Topeka and Santa
Fe Railroad, to ". E Magray, pub
Usher of the Official Railway List.
Mr.. Ripley says another railroad
man purchased cars for 5000 each.
while Mr. Ripley paid $L4O0. He
says the other man admitted the cars
of cheap construction might endan-
ger trains Of other roads, but that he
would get the better OF the deal
whenever he secured the use OF a
good car for a cheap one.
Mr.. Ripley suggests the establish
ment of a freight ear equipment
company. its stock TO be owned by
the railroads.