davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
MONEY AND EXCHANGE.

THE MONEY MARKET Call money
was steady Rates: Opening 80 per cent
highest 4 per cent closing 3 per cent
Time money was dull. Rates 4isn45, per
cent for sixty days. iS.uJ per cent for
ninety days. 4siuJ per cent for four
months. i3ia5 per cent for hVc months
and $40 per cent for six months. Mer-
camille paper was dull. Rates: 5i2u6 per
cent for sixty to ninety days Endorsed ana
choice four 10 six months single names.
FOREIGN EXCHANGE Foreign cX-
change closed steady. Yesterday quota
ton: Demand sterling. fo59O cables,
4 s7iOdi s1i5: sixty-day bills, AS2oa4. Sit .
short francs. JISls less 30: short reichs-
marks. % I-l6n95 Lilo plus l-6l
DOMESTIC EXCHANGE.-Boston, par;
Savannah, buying slice discount selllnS
par; San Francisco. sight &c premium
tecgraphic &c premium; Charleston, buy
ing par selling l-l6c premium; chicago.
par. New orleans, commercial 'oc DIS
count, bank 81 premium; ST. Louis, eA-
change par bid. Zoe premium asked.
SILVER MARKET.-Bar silver III Lon
don was uncertain at 2l3id.
MEXICAN EXCHANGING Mexican OK
change on New York was quoted at 20l p.
unchanged.
SUB-TRE;ASURY.-T United StGtes
Sub Treasury was "A debtor at the Clear
ing House yesterday TO the extent Of
si79. Az.
BANK CLEARINGS.-New York, eX-
changes s259.912T, balances sl0GS.9o6
Boston, exchanges s25. fo. balances ST.
501. 1885, Philadelphia. exchanges S24 80 69,.
balances 80. 7S6. i62; Pittsburgh exchanges
81, $50: Baltimore. exchanges $a6l9.G96,
balances t59j.253 Chicago. exchanges ST.
III i03. balances S1J.7il; St Louis, cX-
changes 81. E3.Wj, balances %i llJ.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
ELLIOTT ON NO. PACIFIC
Says March Gain in Net Earn
ings Will Be Slight.

Howard Elliott. president OF the North
crn Pacific Railway, who arrived here
yesterday from Cambridge. Mass. where
he attended a meeting of the ovorscers of
Harvard University. said that the gross
earnings OF the road for March showed 4
substantial Increase over the same month
year ago, but that no material gam
would be recorded IN net earnings owBs
10 liberal charges for Improvement work.
The Northern Pacific during the coming
season will lay n much larger amount
Of rails than in 1911.
Mr.. Elliott stated emphatically that
there has been no change IN the financial
policy OF the Northern Pacific, and that
for the present II Will continue TO provide
for its requirements by the sale of treas
ury securities. According TO Mr.. Elliott
the people of the Northwest are not par
tlcularly disturbed over the proposed
tariff revision.
Either to-day or tomorrow Mr.. Elliott.
with the land agent OF the Northern Pc
cinc, will so 10 Washington 10 discuss
certain matters with the officials OF the
government relative to tho company )
land grants.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
A 900 PER CENT DIVIDEND
Reorganization of Continental
Oil Means Such Distribution.

Ii was announced in tho financial dis
trct yesterday that the Continental Oil
Company. which was formerly controlled
by the Standard Oil Company of New
Jersey. had been organized under the
laws Of Colorado with a capital of 5000,
600 and had made a proposition to pur-
chase the business and assets OF the Con-
tinental Oil Company OF Iowa, the old
company. Ten shares OF new stock for
each share now held will be offered the
present stockholders OF the latter concern.
This offer is virtually distribution OF
a 800 per cent dividend. Stockholders or
record at the close of business on April
will be entitled 10 the new stock. me
notice to stockholders says in part;
I'm order to make the situation perfect
~ clear IL is proposed that the new com
pany shall acquire every item OF proper
~ owned by the old company, and While
the total capital stock Of the new com
pany is ten times as much as the caplta'
stock of the old, each shareholder VIII De-
come the owner OF ten times as much
stock in the new as he now holds in the
old. with the result that each stockholdcr
viii retain the same proportionate interest
in the total property OF the company
that he now holds. The business OF the
company will be conducted In the same
manner as it has been heretofore con-
Quoted"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
TENEMENT HOUSES DOOMED
Subways Will Mean Country
Homes, Says Wilcox.

William r. Wilcox, former head OF the
Public Service Commission. and Thorla-
Darlington, former Commissioner oi
Health. were the chief speakers at the
luncheon Of the International Statlonari
Company held at Pecks restaurant. No.
40 Fulton street. yesterday afternoon
M. Wilcox declared the passing Of the
subway contracts would In large measurc
do away with the tenement houses OF the
city.
The new subways." ne said, will on'-
bic workman TO live in the coun' rN.
with the savings which that implies. and
20 to and from his place of work TO- d
dime: they will make tenement horses
unnecessary. and that IS the first sten
toward making them impossible. am
dunfounded that the men most bitterly
opposed to these contracts. which gran.
no perpetual franchises TO any of the op-
Grating companies, are the very men VINO
in their plans for piers and docking fsc'h-
ties, would grant perpetual franchises 20
the companies using them
DR.. Darlington said the health Of his
employees was an employers greatest
asset. because It. was the first condition col
efficient work.
Fatigue among employees is often due
| TO lack of drinking water ana bad ar
he said. and these in turn produce de-
preston which drives men to drink ns
way Of relief. An employer can invariaolN
increase the quality, as well as the qu 1n'
titv. OF his output by improving the COLI
ditions under which his men work
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
CURB SUSPENSIONS.

The Curb Association in its ondeavor to
Clarity the organization and reflect bet
ter tone 10 the curb market enforced the
rules of the association and at meeting
which lasted from $50 until $50 y. n.
on Wednesday, voted TO suspend l.. l..
Nlnkelman, OF the firm of l.. L. Winkel-
man a Co, for n period of six months for
violating section OF the bylaws At a
meeting held yesterday II. 6. Bunnell aud
T. !. Price were suspended from member
ship in the New York curb Market Assoc
citation under rule % Of the manual. which
says: Settlements for arbitration decis-
ions must be made on the next business
day following such decision. and unless so
mace the member may be suspended from
the association ON Wednesday the firm
Of Goldsmith. Swan d Co. were suspended
on account Of inability TO meet their con-
tracts
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
NEW YORK CURB.

There was decidedly less interest mani
tested in the curb market yesterday. with
the tone irregular. Small rccessions were
the rule at the outset. although around
midday a slightly better inquiry was
shown. which brought about recoveries'
Trading was on a small scale, however,
throughout the list. United Cigar stores
Of America at one time showed an lm-
provement Of nearly a point. BRUSH
American Tobacco was a fraction lower.
The Standard Oil subsidiaries were Ntes-
ular. Continental Oil moved M Sharply
on the announcement Of tine plans, nut
later lost a good part OF the gam. Inc
mining list moved within narrow HnlI's-
The Nevada stocks had spots OF activity
with prices firm. jim Butler. the cont lH,
ucd feature of the trading, was aDsoIpcu
in blocks from Sis up 10 81 u. ana closcp
i'm splendid demand at 81 3-lo IohVpan
Merger. opening at 81 Ito. ADVANCE 10
81 O9as, at which figure IL held. Trahsay-
lions were heavy in North star. wnlch
changed hands from 3Sc down 10 'oc, WIN
a late rally 10 the higher price Mac
Namara came out az 23iec ana MluWdF
vas firm At 5jc 10 55c. Belmont, alt'i
moving from s. 1-l6 10 - ole, scored az
advance TO So. on final sales. Sales or
s1as were recorded I'm West End. WhIc
Halifax was bought at 81 5-lo MZpan
Extension sold at &c and &c. and 81 i'-iy
was paid for Montana. Nevada INNS sol"
at 81 and 81 1-l6. Monarch fittsbuISh La
tension came out IT 15C. while lf'gc Wa
hid for 10000 shares of Rescue Eula; s5'-
was paid for TonOpah Mining WIN oltl-
irgs of this issue a scarcity. Atlanta Wa
i'm better demand and changed hands
at l7c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
STEEL TONNAGE DECREASES
March 81 Orders Showed Fall
inc Off of 1878 Tons.

As had been predicted. the untitled or
ders on the books OF the United Stat
Steel Corporation during March shove 3,
decrease as compared with the preToue
month. Orders on hand on March 81 to-
tailed 1.46s 956 tons compared with 1866,
tons on February IS. 7.S5.16S tons on
January 81, 7.9S2, 1874 tons on December 81
and 5SC4,Su tons in March a year ago.
1t was stated that the falling OF OF
new orders during March was QUO TO the
CORPORATIONS reluctance 10 take on add
tional tonnage. the greater portion oil
which would be for delivery the latter
part OF tho year and the first quarter Oh
next year During the last two weeks ~
March mills were running approximat e.y
1900 tons a day, while orders aggregate
5000 tons a day. The following tab"
gives the untitled tonnage OF the Stccl
Corporation by months from July 81. Ei"
until April l. 1919
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
NOMINATIONS
Progressive Element Wins VIC
tory in Selection of Names.

The nominating committee OF the Stoc'
Exchange yesterday made public the -.
OF nominees to be presented at the anna
election, May u. Judging from the nam
selected for the board of governors. It
evident that the so-called progressive 81,
ment on the exchange Is rapidly gainin
the upper hand. There are six new nam,
TO be recommended for election this ye.
for the full four-year period and only 81
of these has served on the governing con
mittee previously. There are nine COVER
ors TO be elected, three OF which con,
up for reelection.
James NJ. Mabon will be renominat,
president and Henry c. Swords treasure
Henry c. Lawrence, who. as a trust
OF the gratuity fund, is serving an une
pired term, will be renominated, 10 ser
for five years. Eugene Meyer, jr.. o.
Dexter Blagden are the only nominees I,
membership i'm the governing committe.
TO serve for less than four years IL
Meyers term is FOR three years, VIII.
Mr.. Blagden will serve for one year. Tn
governors who will serve for four yea
are T. V. -. Cox, OF Cox x Sharp; NJ
b. Fuller, of Harris x Fuller; J. 5. ial ,
OF Halle & Stieglitz; w. w. Heaton, %
Day & Heaton Charles +. Holzderb %
OF Henry Clews Il Co.; James II. Jenkins
of James ID. Smith q Co; Alfred Mestre
Of Alfred Mestre * Co; William II
Remick, Of r. l.. Day * Co.; Edward l.
Rogers, of Rogers q Gould, and T.. II. Il
Simons. Of Rutter * Gross.
There is possibility that an indepcn
dent ticket may be organized to oppose lin
regular slate. but it is not expected ia
the opposition Will develop sufftciel
strength to defeat the nominating com
mttees slate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
j. S. MAY TAKE A HAND
Pacific ReCeiverShip Possible if
Dissolution Fails.

Washington. April 10-There is proba-
bility OF the government taking charge of
the properties of the Union Pacific-South-
ern Pacific merger through Il receivership
IL the United States court at st. Louis
does not approve the new plan OF disso-
luton. rejected by Attorney General Nc
Reynolds.
IL developed to-day that there was seri-
Gus doubt among officials OF the Depart
ment or Justice as TO the power of the
ST. Louis court TO extend the time limit
given BY the Supreme Court within
which 10 accomplish the disintegration
under the Sherman law. The railroads
have until May 10 TO present a plan or
dissolution acceptable to the court. Fall
ing TO comply with this condition, the Su-
preme Court provided for settlement or
the question by government receivership
Mr.. McReynolds to-day was advised
that the railroad hopes to submit its plan
to the court on April 81 The Attorney
General will oppose its approval, though
he may not 80 TO ST. Louis.
Charles W Hardness, WHO was made a
director Of the Southern Pacific company
Wednesday at It's annual meeting, In
BeechemOnt, Ky. was yesterday made a
member OF the executive committee at a
meeting OF the directors at No. l6j Broad
way He will succeed William Rookie
Teller who resigned several months ago.
All the Southern Pacific officers were re-
elected 10 serve another year.
Robert :. Lovett. chairman OF the Union
Pacific executive committee. refused
either TO affirm or deny the report that
any definite dissolution plan will he pre-
scented TO the court by April 81. Mr.
Loyett said: There is no need of telling
the various notifications that may he
made in the plan before It is finally de-
cJed ON. because of changes that are
continually being made. Then. again, any
plan that the Attorney General may
agree to might not be accepted by the
court"
Judge Loyett stated that he had made
no more appointments with Attorney
General McReynolds but he did not deny
that one might be made on short notice
should the occasion require II. lie adj
mitted that n trusteeship for the Sl26.-
$1,000 Southern Pacific stock held by the
Union Pacific had been one Of the plans
suggested To meet the Supreme Courts
decree.
The possibility OF a Union Pacific re-
ownership IS not taken seriously in Wall
Street as the court requires only that a
plan shall be submitted to it by May 10.
and Union Pacific officials say that this
shall be done.
J.. J. Spence. director OF traffic OF the
Southern Pacific left last evening FOR a
two weeks inspection trip OF the com
panys lines In that state
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
ITEMS Of WALL STREET

Business for foreign account Yesterday
on the Stock Exchange was larger than
for some time. London and the Conti-
nent bought from the whole list. the DUR
chases amounting to about 1860 shares
OH balance.
Dividends have been declared as fol-
lows
Mexican Railway - per cent on tho or
diuary shares.
Russell Motor Car Company. regular quar-
terly Of 2, per cent on the preferred stock
United Electric Securities Company. semi
annual OF 81 per cent. payable May 10
stock OF record April Il.
Federal sugar Refining Company. regular
quarterly Of ] = per cent on the common and
= per cent on the preferred stock payable
April IS 10 stock OF record April -.
II was announced that the sale of the
New York Centrals f2c,o0 60 onc-year
per cent sterling notes in London was
made on a 80 per cent basis.
Missouri Pacific has ordered 2j,coo tons
and Denver Il Rio Grande 1916" tons of
So and % pound steel rails.
Harris Forbes d co. have purchased
S71S.Op0 first and refunding bonds of the
Scranton Electric Company. subsidiary
Of the American Gas and Electric Com
pany. These bonds are first mortgage
on the Scranton properties.
The New York Stock Exchange seat of
Joseph H. Moore. of Darr d Moore has
been posted for transfer TO Charles i.
Leonard. partner OF the same firm, the
name Of which was recently changed TO
Moore. Leonard a Lewis. Alexander II.
Brown. of ST. Louis. has been elected a
member of the Exchange.
The statement OF the Hartman Ma
tional Bank as Of April t. 1915. shows de
posts of 81. 100. 49, as compared with
81. $4,000 on February T. 1913, NO~0e" on
July ]. 1912. and $4,000 on January J.
1871. Loans and discounts amount To
S.956,25S. and surplus and undivided
profits to S7e7.I2i The bank has S>6L'6' in
United States and other bonds.
:. ". Straus * 90. announce that all
the bonds of the Monarch Electric and
Wire COMPANY first mortgage issue. ma
turing after April 90 1918, have been called
for redemption ON that date at 100 and
accrued interest.
!. r. Berry. chief engineer Of the Rock
Island Tor seven years. has been appoint
pd assistant to President Nudge with
special duties. G. y. Morse, formerly
chief engineer OF the Atcnison. will take
Nj Berry's place.
j. J.. Morgan & co. announce that they
are prepared TO deliver dehnitiVe ceiiih-
Gates In exchange for their trust receipts
FOR New York Central Lines equipment
trust or 1919. upon presentation of SAID
receipts al their office. properly Endorsed.
=. W. Edwards and +. H. Henderson
have been elected directors of the Asso-
ciatcd OIL Company TO succeed W :.
Porter and 4. H. Mcdonald. william
Sprouic was elected president >. y
Chanslo~. /. II. Buck and j. r. Lewis
vice-presidcntg: W. ~ Sloan. treasurer,
and +. c. Williams. secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
M'ANENY TO CREDIT MIN
Borough President to Speak at 18th
Spring Meeting at the Aston.

The New York Credit Mems Associa-
ton has invited about 800 credit men to
its eighteenth spring dinner to be held In
the Hotel Astor at D. m, next Thurs
DAY.
George McAneny. Borough President Of
Manhattan is to talk about the CITY oil
New York ard it's interests. Representa-
two Walter NJ. Chandler and CHIEF JUS
tice Isaac Franklin Russell also VIII
speak
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11

pahy nave received substitution warrants
specitEihs the amount OF the new first
n'or'sage'6 per cent bonds TO which each
shareholder is entitled TO subscribe. and
|ne terms OF the subscription. Subscrip-
uoh price is the face amount of the
uohus' payable in cash on or before May
next. Fractional warrants. those for
less than 500, carry no right of subscrip-
uon except as collected in amounts total
HhS even hundreds OF dollars. After Nav
all warrants become void
The following announcement vas made
by the Curb Associations board of rep
rcsentatlves: Whereas. the chairman of
the board has officially announced the
death OF j. 7. Morgan. and II is deemed
fitting by this board that the New York
Curb Market Association. through its
board of representatives.. duly express its
appreciation of the great services rem
dered the country by Mr. Morgan, whom
We recognize as the greatest financial
genius or the age and the greatest up
builder OF American institutions. there
lore. as mark of our esteem and re-
Sret II is resolved that the association
suspend business at such time as the
funeral services may be held and this
resolution be cngrossed and sent to the
bereaved family" The curb will not open
for business on Monday, April a. until
noon
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
Northern Colorado Power.

Al the postponed annual meeting Of the
Northern Colorado Power Company. 70 be
held on April II, it IS expected that a
rcfinancing plan for the corporation VIII
bo ready TO present TO the stockholders.
An issue of $500 IN notes. secured In
r,rt bv a deposit of its bonds. falls due
on May :. and holders OF a part OF THESE
notes are said TO be threatening fore
closure proceedings plan IS being
worked upon whereby the company viii
lao ahic "a provide for an issue Of 81 O00,00
"a ,,oet the notes falling due. The plan
"a, have 10 satisfy the minority interests,
which threaten to carry the matter TO the
co,,rfe unless the plan IS satisfactory to
inom.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
CHICAGO GRAIN AND PROVISIONS

Chicago. April 10.A net loss OF = 10 -
was suffered by what to-day on tho m
enthusiastic crop reports that have reached Tho
trade in somo weeks. There was a decline Of
y 10 ssc in corn. oats finished unchanged t.
&c lower. and provisions sc lower TO -
higher. Wheat crop experts wired that in'
biggest yield on record was in prospect in MIS-
souri, Kansas. Nebraska and Oklahoma. ksn-
sas was said 20 be = garden spot, and the src't
wheat raising counties OF Nebraska were s'id
10 be smooth and green. like well kept law,
These rosy reports were made further enecu
on the bear side by general SHOWS IN haita =
and Nebraska which, following recent soahi :
rains made growing prospects ideal Range OF
prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
Roy WITH COCAINE ARRESTED
Throws One Bundle Into Stove, but
Detectives Get Second.

Complaints made 10 the police resui''"
Yesterday in the arrest Of David Don
nollv seventeen years old. Of No. 50
Nostrand avenues. Brooklyn. Detect yes
Stanton and Sheehy saw the youth enter
a pool parlor carrying a small package
under his arm.
Before they had chance 10 place him
under arrest he threw the bundle int q
stove. When he was searched ano' ner
packace containing a large quantity oi
cocaine was found in his overcoat pockct
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
ROADS MAY CONSOLIDATE
Public Service Approves Application
of Upstate Roads.

AlbarH. April 1o.-The Public service
Commission has approved the application
OF the New York Central, the Rome
Watertown & Ogdensburg, the Utica a
Black River. the OsweSo * Rome t"e
Carthage. Watertown & Sacket HaFbor
and the Niagara Falls branch and the
Little Falls x Dolgeville railroad coiii-
nanIes for leave 10 consolidate under the
name Of THE New York Central a Hud-
son River Railroad" The capital STOCK
of the cnrpOration Is SIS. 81 ,lOD
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
- -------
CURB ECHOES.

me latest report from the OIL t1eids VI
Asaico Company states that wen - 10
eown 400 feet and Well 30 is down 2'5i1
.'st The production for the week ehoeu
"p'h was 1855 barrels.
ne Stewart Mining Company rcpo, =,
VA receipts for the six months en'o'
Dsefinber 81. 1912, OF s53l,l25; expenses
.ass' depreciation. etc. s5i0.SsS; litigation
n miscellaneous items. SSH; proni'
''ockhoidefs OF the Granoy Cohso"-
also Mining. Smelling ana Power Com
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
,NreRsoRoUoH FINANCING.

II is expected that call on members
of the syndicate organized By j. i. Nor
gan a. Co. 10 finance the lnterboroush
Rapid Transit Company In connection
with the new dual subway system VIII be
made within the next week for 10 per cent
of their portion OF the underwriu'ng'
on MAY | next the Interborough mas
sig. 600 of notes accrulng, and 1t VIII lie
necessary TO provide FUNDS 10 take care
OF this obligation II the notes are MOI
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-11
BOND DOTS.

J, II. Brown. Township Clerk OF Soion'
t9lon Township, Cuyahoga County, Ohio'
WI receive proposals until p. M May D.
'or 5000 81 per cent coupon highway
Improvement bonds, dcmOnination SLOW
dated April !, 1913. and due october J. ~
Accrued interest to he paid by the pur-
sasser.
according 20 reports the FIRST Na'io'"'
Bank. OF Elmore was awarded on hprl'
Inc s25,ep per cent liA-year aVeraso
coupon vaterworks purchase bonus VI
LlmoIe. Ottawa County, Ohio.
Is reported that the Manchester trust
company, OF Massachusetts. recen,y nv
rotated temporary loan OF Ao"o WIN
Manchester. Mass. due in seven months
D. W Hughes, secretary OF the BoaIo
-o' Education of Alliance. Alliance Schooi
district. Box Butte County. Neb.. VIII re-
ceye proposals until noon on May J LOT
~" per cent twenty-year coupon
building bonds. denomination $40" anu
oa'ed July J. 1918
"eofgo NJ. Bechel & Co, Of DoNcipo' u
were the successful BIDDERS recently ioi
'~"9 81 per cent coupon water"orhS
Mant construction bonds OF Epworh'
U1plquc County Iowa