davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
ITEMS Of WALL STREET

Business for foreign account on the
Stock Exchange Yesterday amounted to
about IL 00N shares. all on the buying
sidc.
Dividends have been declared as fol-
lows:
Draper & 20. sular quarterly Of per
cent on the preferred and per cent on the
common stock. both payable Apri l TO stock
Of record March -. 80,
regular quarterly Of . per cent on the preferred
and - per cent on the common stock pay
Gorhsm Manufacturing Company. regular
quarterly u, per cent on the preferred, pay
able April to stock Of record March -.
Germantown Passenger Railway Company.
quarterly Of 81 a. payable April to stock
Of record March -.
Anaconda copper Mining Company. regular
Is 10 stock 81 record April ..
Chicago Pneumatic Tool Company. regular
quarterly per cent PAYABLE Anril -.
The National Surety Company has writ
ten bond for 100000 for the New
York Municipal Railroad Corporations
covering the operation Of the subway by
the Brooklyn Rapid Transit Company.
Alfred L. Kornfcld. ex-vicc president
and general manager of Engineering
News" has been elected a director of
the old Bischon banking house.
Distribution of the voting trust certifi-
Gates Of the United States Motor Com
panv. and affiliated companies, delivered
under the reorganization agreement Will
bc made to-day at the Central Trust
Company.
Harry H. Brigham and Thomas w.
Bailey have been elected directors or the
American Telephone and Telegraph Com
pany. Mr. Bailey took the place OF
Francis Blake and Mr.. Brigham was
chosen TO fill a vacancy.
The British Columbia Copper Company
directors yesterday passed the 3 per cent
quarterly dividend due at this time. Net
earnings for 1912 were 1885. The pass
ing OF the current dividend was explained
by amounts paid on account Of new prop
critics and for properties under option.
American Can preferred will sell OK
dividend on April !, when tho regular
quarterly dividend Of ia per cent and the
q per cent on account Of back dividends
will be paid.
John Calder. formerly associate general
manager Of the Cadillac Motor Company.
Of Detroit. has been appointed acting
yicc-presidcnt Of the international Motor
Company. TO supervise its plants AT Plain-
field. y. j.. Allentown. Penn, and In Ne"
York city lie will he elected vice
president al the next directors meeting
Charles s. Mcllen. president Of the New
Haven. will hereafter spend four days
week I'm Boston. Monday In New Haven
ana Saturday I'm New York. This Is SAID
10 be due To Mr.. Mcllen's desire TO devote
his time for tho next few months 10
the Boston & Maine,
on or about April the Denver husl-
ness Of Shcarson IIammill q GO. VIII
be taken over by Otis & co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
NO STOCK EXCHANGE
LOBBY AT ALBANY
Pres. Mabon Resents Charge OF
Using 'Insidious" and Dis
honorable Methods

James p Mabon. president Of the Ne"
York Stock Exchange. gave out state
Eent last night denying charges that inc
exchange had maintained lobby at Al
sany. and that money had been corruptiy
used N an endeavor 10 defeat legislation
affecting the exchange. lie said IN part
MY attention has been called 10 an
article in The New York World OF Mon
Gay which was followed by cartoon
On TUESDAY. charging or implying, among
other things that the stock eXchahee
has maintained q lobby in Albany III con-
neetion with pending legislation. and that
i has had paid agents at Albany ana
lhsinuating that money has been cor
ruptly used. These charges and insinua-
IONS are absolutely false.
The stock exchange has maintained
10 lobby IN Albany or elsewhere, olthor
directly or indirectly. At any time ID us
history. The statement that IT has paid
agents al Albany is false. The insinha-
non and innuendo that any money mas
oeen used or promised 10 any one III
connection with any legislation IS q ma
hcious libel. No 1nsidious methods as
slated by The World. have been adopted
" us In the presentation Of our arsu-
"ents against the increase OF taxation
anu Inc compulsory Incorporation OF tne
eAenange. No devious ways have been
Escorted TO - US. our night has been
0ean and honorable one. and wholly
!" 'he merits. and we deserve the sup
WY OF the press and all fair-minded
people
Inc arguments against compulsory IN
operation have been fully presented 10
e proper committees Of the Legislature
~" ~ oral argument and IN briefs. ana
believe arc unanswerable on their
~s.k No answer 20 them has been
aoe or attempted that is entitled to
ous consideration.
me cordial support thus far extended
- " the newspapers with the exception
Inc World. has been one Of the
,"s thspiriting features Of our cam
81 II has encouraged US greatly to
-" mat In the last analysis an appear
a., ian play. based on study and inVes-
""oh'' has met with such hearty
response
1, ."at 'he Stock Exchange fhould not
FORCED to incorporate has been stated
nun great force and cogency. not merely
:. "e press OF all parties throughout
"' state. but by the Chamber Of Com
''ce OF the city Of New York. The
~.nchsnts' Association supported our
contention.
H., an affront TO the character OF
merchants Of New York. no less than
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
NEW YORK CURB.

There was a decided Improvement botn
in activity and strength shown I'm the curp
market Yesterday, with sharp advances IN
"A number of the higher priced industrals:
This was noticeable in the Standard OH
subsidiaries. which for a time, both here
ard over the counter. displayed consider
able activity. Gains I'm this group eA-
tended from about points 10 ~, WINE
some Of the other industrials moved up
from !, to l2,. Around midday, however,
business subsidized, and a reactionary ten
dency set i'm on small offerings. In some
instances all the early gains were Wlped
out Atlantic Refining and STANDARD on
OF New York moved up rather Sharply
New Jersey. after being bid up about
points cascd off. United cigar stores 81
America at one time showed gam OF
ia. British-American Tobacco moved up
- The mining list was moderately acuVe,
with strength in spots. silver sues DelnS
the leaders Copper shares ruled about
steady. while fair activity was shown III
some Of the Tonorah issues. Bonds were
comparatively quiet and shade nlSher'
Nevada mining stocks were somewhat IT.
regular and prices showed a tendency To
ease off. Jim Butler opened AT SIC ana
closed at Ssc 10 sec. TonOpah Merger sou
at Ssc and SIC and North Star at &c. w est
End changed hands at SIX and Belmont
at S63, Tonopah Extension advanced 10
s. 3-l6 and Goldheld Florence at o5c al
though both were weaker at the closlnb'
Atlanta sold off at &c and GRO at loc.
Nizpah Extension was offered down from
Csc TO 66c Rescue t;ula sold AT lic l0ri ,
pah Mining was unchanged at COS Inc
market closed easy.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
TO KEEP CENTRAL PACIFIC
Southern to Leave Other De-
tails to Union Pacific.

San Francisco. March %. - William
Sproule. president Of the Southern Pacific
Railroad, announced to-day that under
new plans for the dissolution of the South
ern and Union Pacific railroads the for
mer will retain control of the Central Pa
citc He intimated that the Southern
Pacific officials would leave other details
of the dissolution to the Union Pacific.
Mr.. Sproule also announced that the
Southern Pacific would retain control OF
the Associated oil Company
The Southern Pacific's decision 10 keep
the Central and pass the uumorged prop
lem to the Union Pacific was reached MI
SprOulc said. at the recent conference III
New York of officials Of the Hartman
lines.
Union Pacific directors met in this city
Yesterday. but no announcement was
made regarding the dissolution plan.
William Rockefeller attended the meeting
for the first time since last fall.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
MUST REFUND A MILLION
Government Loses Herring and
Mackerel Customs Case.

Washington. March 2j-Tho Customs
court decided to-day a herring and
mackcrcl case. which. II accepted as a
precedent for 800 similar pending issues.
will cause the federal government 10 sur
render 10000 iu duties and materially
reduce the tariff on certain imported
canned fish.
The court held that herring and mack
crcl in bullion. I'm tomato sauce or sous,d
and placed IN tins were. within the mean
ing AZ the taun Law. picked or sailed
herring and mackcrcl. the herring being
dutiablc at ouc-half cent pound and the
mackorol al one cent. The government
maintained that they were hsh IN tins.
dutiable al - per cent ad valorem
Because Of the revenue Importance 81
the issue the Treasury Department Is
considering appealing one Of the pending
caees
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26

10 members Of the Legislature - sus.
sest that any other than fine most hon.
- motives have influenced them. and
! resent such an insinuation
seems to me tho time has come to
a matt to this sort of thing. II A
"Spdper or an individual finds its cher
,'"Vu measure at Albany lacking the
eSSdrE support, is 1t TO be tolerated
a. course of thinly yelled innuendo and
nn.. suggestion of wrongdoing on the
pa'' OF those who may not agree with
10 point of view? Is this fair? Is if .
an issue" W. NV
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
U. S. TREASURY FINANCES.

Washington. March 26.-The condition ~
the United states Treasury AT tho beginning
~ business to-day vas: Working balance
SO oo2 o5a. In banks and Philippine Treas
ury 1885. 400. total of general fund. Wa
a0T 100: receipts yesterday si.2ss' DOB DIS
bursements S2G963l2 The surplus this
fiscal year Is si1963. 49, as against dehcit
OF SIG. i52.0s6 last year The nsures FOR
receipts disbursements etc. exclude ran
anna canal and public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

IT is evident that the traction com
panics are not in need of funds. as the
lnterboroush Rapid Transit Company has
just loaned the city $1,000, 600. Evidently
the marlborough considers the city Of
New York good for the amount, as the
loan was made for a short period, and, of
cnl1rSe II had no nartiCulnr Significance
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
EXPORT FIGURE S.

The exports OF mcrchandis" from IN"
mort Of New York. as officially reported at
the custom House. for the week ended
March - are estimated AT $i'%'f-'
against N90tlSJ in the previous week
and 81. q07. i0i i'm the corresponding ~crk
last wear Since January go 3".>-'
against $l99 500 iu the correspondents
,..tf,d d 1912
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
Cities Service Company.

The report Of the Cities Service COM
pany for the twelve months ended Feb
ruary =. 1913. shows earnings on stocks OF
subsidiary companies Of N.223,7so. Gross
earnings were sl.2s4S6s and net earnings
amounted - 81 1885,. a compared with
SOS 767 for the same period of the pre-
vious year The surplus after preferred
and common dividends was $5Jl 637. and
total surplus on February Is was $75s6@.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
CURB ECHOES.

The Tomboy Mine in February yielded
10 80 tons Of ore. valued at $1,000 IN bull
ion and concentrate; sS9.5OO was net profit
The Prairie OIL and Gas Company re
morris runs amounting to 1896 barrels for
the first seven days Of March dalIy
average Of l0G 800 barrels against "A daiiy
average Of l02. 5lS barrels in February. \
wear ago runs for the first week in March
averaged 90 400 barrels daily.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
BUSINESS REVERSES.

| ROCKWELL FURNACE CO.--Judse MAYER
| appointed William Blan receiver for the
| Rockwell Furnace Company Of No. 20 Cort-
| landt street; bond. $1,000 The assets con
sist OF mshinery and contracts for con
struction Of machinery estimated at $1,000.
| Liabilities arc Sl9O.ooO
EMIL RElBSTEIN-Petition flied against
Emil Reibstein. manufacturer of cloaks and
| suits al No. 100 East broadway. Creditors
IacoD Matfus. $500. simon Israel, 500, and
| william Galland, 500. Liabilities ar" SAID
To be 100000. Mr.. Reibstciu has been in
business about thirty years. His inventory
OF December / showed liabilities Of SI9.0ii
assets. Siii, 40. Of which Sl19l1 We're bust
ness assets and the balance equities In real
estate.
Janowitz. matchmaker. OF No. II East i25th
stree. show liabilities of SlJ.tis. assets of
unknown value, consisting OF accounts. $3.50.
a lot IN suffolk, Long Island. valueless. ana
stock and fixtures turned over to the re-
IAMCH1CK BROS Schedules Of Lam
chick Bros. manufactlrcrs Of caps at No =
Washington place. show liabilities Of SIG
5Si: assets. StG.J36. consisting Of stock
ST.. 800. accounts, 81, u"J notes. Sol; cash
in banks 81 .92S: cash IN hand. 81. and plant
which cost $40 600. value now unknown
Among tho creditors are tho Traders Com
mercilI Company, sii0sj. secured: Manu-
facturers National Bank OF Brooklyn. S6Oos;
American Woolcn Company. So,o5o, -
Burnt si.53l. and Wiertz SILK Manufactur-
ng Company. s4.ilo
JACOB NEUTRALITY-SUSPICIOUS. Of Jacob
Wiener tailor Of No. 14i3 Broadway. show
liabilities OF $50. j27. assets. sl.G3i. consist.
ing OF accounts. st3t; claim, s14oO. ana
ono share 81 stock Of the J. Wiener Cor
porati)n. 800
AMOUNTS UNDER $4,000.
ORESrE CANCELLERr -- Petition hled
against Oreste Cancelieri. wholesale and retail
grocer al No. - Spring street creditors
Toscph Eessler. $500. Goldman Brothers, S33'
and Fantiui x Iatorracca SIS. Judge Mayer
APPOINTED Nathan rorlman receiver. with au -
fhoritv 20 continue business ten days; bona.
"ApOLF SPITZER Petition fled against
Adolf splitter. manufacturer ~ knitted neck
wear az 30 $40 Canal street. Creditors-Joe
Do'ifsch. s522. Dave Bcrkow'tz. $3.50. and
Moses lander $50. lie made an assignment
MORRIS VI. GRUBER-Morris " Gruber,
an editor living AZ 80 500 East l6sth street.
Med petition, with Liabilities Of Sl,23'; no
assets.
ALERT S. KING Albert $. King. truck
man - No 100 Bank street filed petition,
with liabilities ~ S3.029. assets. sl3 30 cash
ON hand \ verdict Tor $3.50 was rendered
against him IN January IN a suit for damages
for negligence brought b. Isaac Bodner.
CASANOVA MARKET MAiN Hoo>j -
Schedules Of MAJ Hoos who did business As
boulevard. show liabilities OF N.lol. assets.
sfgei consisting OF fixtures. Sljoo. accounts.
S9ig AMI deposits Sl8j. for Sas. electricity and
rent. O.,
Alfred BEHREND & 90 Judge MAYER
amounted Nathan Llehcrmar receiver for Al
rrsI Hehreud doing business Alfred
p.f -eud & co. dealer IN musical instruments
.f 80 iOe West 3sth street, With "A bond %
81. 900
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
NEVADA QUOTATIONS.
TONoPNtlS

FURNISHED daily by Weir Bros. 4 Co, No .
Broad street,
March e. 1918
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
BOND DOTS.

Mayer. Dcppc & Walter. Of Cincinnati.
we're the successful bidders on March "a
for the 5000 ~ per cent l3'4-year aver
age school building bonds Of Akron School
District, ohio.
T. j. Cunnineham County Controller Of
Pittsburgh. Allegheny County. Penn, VIII
receive proposals until II "A. m, April s.
for the 81 cOo.Oc0 road and $1,000 bridge g.,
per cent coupon tax free bonds, dcnomi-
nation 81. 600. dated March !. 1913, and due
March l. 1913.
II is reported that r :. Mosely & Co.
Of Boston. recently negotiated tempo
rarv loan Of $1,000 with Ncwburyport,
Essex County. Mass. dated March ., 1913,
and due October s. 1913.
Estabrook e. Co. Of New York. were
awarded on March q tho 5000 ~. per
cent 5O-ycar gold. coupon or registered.
tax free school site purchase bonds OF
Jersey city. y. J.
According to reports Hampstead. Hemp
e,oad Union Free School District No. 81,
Nassau County. ~ Y. VIII hold an cleo
ton on April TO decide on the issuance
Of the 5000 high school improvement
bonds.
II A Scarborough. city clerk Of Laurel
Iones County. Miss, will receive propo-
calls until 2 =. m, April ]. for the slo''"
,Yater. $4,000 school and 10000 sewer !"
nor cent coupon. tax free bonds donomi-
nation 81 900. dated April !. 1913, ana due
April !. 1883.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26

FURNISHED by Miadendorf. Williams q Co. No.
81 pine street New York, and No. 10 East
German street. Baltimore
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
Aurora. EIsin & Chicago Railroad Co.

Of the Aurora. Elgn & Chicago Railroad
Company for the month of February and
the eight months ended February y are
as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
Some Doubt Expressed.

I'm the report Of the Delaware. Lacka
wanna & Western Railroad President W.
". Truesdale. while commenting favor
ably on the general outlook for tho year
1913 as regards business. reflected as fol-
lows on the railroad prospect
"rhe outlook as to the net earnings OF
the railways, however is not by any
means so reassurng. There seems To be
no possibility whatever that the railways
will he able 60 raise their rates gen
orally or on any specific commodity. no
matter how low or slightly remuncrative
they are. Whatever changes are made
are reductions. and while these arc rare
ly widespread they are in cases import
ant. and seriously reduce the revenues and
not infreQuently on classes OF traffic that
now are being transported on such mar
row margin of profit as to leave little. II
any. net revenue To the carriers"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26

Mckinley Darragh- Savage Mines yea
ed 217.383 ounces of silver during lsi@' anu
ore reserves are sim within 2OOw' ounces
Of what they were at the end OF 1911 ac-
cordinq ia the report Of the company.
THO amount of ore shipped To the smclteI
in 1912 Was valued at $i,62l.oOo The total
net profit Of operations was s, LIS, 88 The
total cost per ounce was lo.'g cen'rs'
icaviny a profit OF 800 cents per ounce
AUer having dividends amounting ,o
81 ia. SO the surplus on January J, 49,
was $i2232
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
STOCKS IN OTHER CITIES
BOSTON STOCKS.

FURNISHED by Charles Head & CO. No. II Wall
street)
LAND.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
FOREIGN GOVERNMENT AND Mu.
NICIpAL BONDS.

by zimmerman & Forshsy. No I
oil
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
PUBLIC UTILITY NOTES.

spencer Trask & co. who marc ,,,..,,
'hirty wears ago financed tho r,di.,., ,,,e,
~ Illuminating Company of New York.
90" WHO nave since been identified with
'"' financing Of numerous public utility
QUOTATIONS throughout the country. have
P""'ISHed special circular describing a
''"'''oer OF public utility investments.
Louisville Utilities Mercer.
u Is reported that all the electric light
eds ana power properties in Louisville
VIII be merged and taken over by II. NJ.
b!ileSby Il co. Negotiations have been
resumed between this company and the
Mayor of Louisville to this end. and if is
/ expected that when the merger is com
pIc'ed sliding scale Of rates for gas and
electric light will be put into effect
Pacific Power and Light Company.
Approximately 100000 will be expended
ny the Pacific Power and Light and the
portland Gas and Coke COMPANY. two OF
inc subsidiary properties of the American
rover and Light Company. which is con
| roiIed by the Electric Bond and Share
Company. The sum will be used for bet
teiment TO the properties of both COM
pdnies during the present year. About
N,4""@ will he expended by the Port
land Gas and Coke Company. of which
the greater part will he for its new gas
generating station and a 100000 cubic
foot Sas holder. and large extensions of
gas mains The Pacific Power and Light
Company will spend Sl.30ocoO on additions
and Improvements with $4,000 additional
for the Walla Walla Valley Railway Com
pany. The street railway improvements
Will be in the way of extensions, track re-
construction and additional equipment.
The Pacific Power and Light Company IS
making additions to its power stations at
Naches and Hood River.
Aurora. Elgin & Chicago Railroad Co.
The comparative statements of earnings
Of the Aurora. Elsin & Chicago Railroad
Company for the month of February and
the eight months ended February y are
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
Financial Factors.

In communication received from
White & 60. the following, IN part, OK
presses their views regarding the present
situation.
There seems to bc no question that the
Balkau-Turl,ish differences Will be settled
soon. Both sides have exhausted their
money supply. and the powers VIII ar
range the terms Of settlement The pres
cnt country wide demand FOR money IS a
result Of industrial activity and not due
10 speculation or UycreXtendcd credit.
which IS a healthy condition.
The political situation here, which is
disturbing because Of It's uncertainties, is
not ono that need cause undue anxiety.
We may expect revised tariff with lower
schedules from the coming Congress. but
II IS the confident expectation Of those IN
most intimate touch with the leaders of
the party in power that this will be done
with due regard 10 avoid unjust damage
10 business conditions These arc bargain
davg i'm wall street. and just how long II
will be before the public rcallzce IT is a
question n, which no one predicts IN an
e.t..f r
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
The following statement was MADE DS
,he directors of the British Columbia COP

THO following statement Was HIdu' "
tbe directors of the British Columbia COP
,o, COMPANY. Ltd after they had passed
tho . ner cent quarterly dividend:
''"rbr net earnings Of the British %
Iumbia Copper Company, Ito an,
charging OFF all ordinary deyei9pmt,hn e
work on their proprietary mines I ior , ane
n'cro Si2j. qs5 90 During the same PcIlou
Nc me- company paid on account Of new
nronerties and IN their exploration ana
development 500 $50 i6 The compamy tI@s
aiso Under option numerous proper''So
az, ,.hich payments are 10 be MADE IN
IKE current hsoal year, and the board 9l
directors deem II best 10 use its aValIapie
net revenue for that purpose. wn i en-, -
n,''ad essential for the purpose oi sup
u,,on,iug the cOmpanys or" reserve
PEI ',herefore consider IL cXpcdient TO de-
Sar distribution 10 shareholders Tor the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-26
Copper Metal Market.

Considerable buying Of copper metal at
prices ranging from II 81 cents To 10
cents due to the European requirements
was the factor which WAS largely re-
sponsblc for an improvement i'm the metal
market recently. aud WAS a check 60 fur
Their depression OF prices. II is very cyl-
dent that the country's copper output is
at a rate in excess Of requirements and
that every once in a while there will be
disturbing conditions which Will upset
price movements. Whenever these condi-
tions arise the top will be taken off the
speculative markets in copper stocks, ana
the public will each time lose hope for a
real bull movement. CurtaiinG the output
to keep up the price may be solution or
the matter. hut demand from actual con-
sumption. which would absorb the entire
output and regulate the price according
To- the natural law Of supply and demand
would be much more economic and GER
tainly more satisfactory 10 the purchases
Of both the metal and the stocks.