davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
improved Position in Germany
a Leading Factor in Chang
ina Sentiment for Better.
REVIVAL NOW LOOKED FOR
Situation in the International
Money Market Becoming
Steadily stronger-Rates
Likely to Fall.
rBy cable to The Tribune

London. June 29.-The settlement
rsssed of without any Of the much
feared failur-5, and a more cheerful
tone now prevails in consequence. Con
rtions in Germany notably do not look
.rvthing like so black as a week ago.
There have been two small failures IN
serlin. but thecc had no effect on the
General market, and the Reichsoank
strengthened itself so greatly that II Is
,ou believed to be thoroughly able 10
,.Le care of Germany's settlement
needs without calling for outside heIp.
,l,oqetber there is far more optimism
,bsr was the case week ago, ana
,,orv are now looking forward hope
,,,,ly IN a resuscitation of the markets
and 2 revival in prices during July.
The situation in the international
money markets is becoming steadily
stronger. Germany is importing SUB
stsntial amounts Of gold week by week
ond the Reichsbank is gaining strength.
The nosition Of the Bank of England IS
olso strong and gives no cause for I'M
sasiness. Perhaps Of even greater I'M
nortance is the fact that the traae
,,,ovanent is such that the lnterna-
,ioral markets will secure a much
larger portion Of the new output OF goId
than for some time past.
one of the great causes of the exist
inc stringency Of the money markets
hos been the great expansion Of eN-
ror,s in India without a corresponding
evanston of imports, resulting in lndiN
taking S1JO.OUOOeO in gold last year.
In The current year Indian imports are
growing rapidly, while the exports are
remaining stationary. Consequence
India cannot take gold this year as she
did last. and this will greatly rellefe
Tho demands on the international
money market.
The same situation applies IN Argen-
tina and Brazil, where imports are
showing a great expansion this year
i'm fact, all lnllcdllOllS io444' :"
f.rnatfonal markets securing a much
greater share OF the worlds gold pro-
ductjon in the next few months thah
for a long time, and this should result
before long in easier conditions ana
lower rates. so that if the interminahIe
Balkan difficulty can ever he sel'lcU
next fall al the latest should show "
real return Of confidence and revival
Of the markets.
The half yearly demands made MONEY
scarce and dear on SATURDAY Can
loans brought 3ls per cent while short
advances into July reached A. per
cent Discounts remain stationary al
81. Der cent for two or three months
bills. AS for four months bills ana -
Der cent for six months bills.
The Bank Of England l,-t S3oo'""
gold last week. the stock Of gold dec!in-
ing 10 S192OS5,OOO. The reserve de-
clined S24S5.OOO to S141O70OOo Inc
proportion Of reserve to liabilities mas
fallen to 47.53.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
TAX SYSTEM DEFENDED
Secured Debt Law Built Up
Revenues. II Is Shown.

The Department OF Taxes and Assess
ments. in a pamphlet report on the de-
velopment of the New York system OF
taxing personal property, describes how
the state, I'm 1850, adopted the policy OF
classifying personal property and impos-
ing special taxes The first law provided
for the tax based on the capital stock
and dividend OF corporations and ea-
emPted the personal property Of such
corporations from local taxation for state
purposes. Since that time the various
corporation taxes have been developed
until last year the revenue was 100000.
The report shows, among other things.
that a larger revenue is derived from
special taxes on classified property than
could be had by attempting To reach such
classified property by the personal prop
erty tax that under the classified tax
policy of New York State the proportion
paid by real estate has been greatly de-
creased and the proportion derived from
the other sources greatly increased and
that the passage Of the secured debt law
has not resulted in any loss OF revenue,
but has been new found revenue.
In 1850. before the policy of classifying
personal property was adopted, the pro-
portion OF revenue raised from Personal
property was less than - per cent. To-
day the revenue derived from personal
property mas nearly doubled in proper
ton.
In 1912 the revenue derived from the
tax OH bonds under the secured debt law
yielded for the benefit OF the city of New
York nearly 100000. The same law has
reduced the direct state tax to the extent
Of 10 cents on each $1,000 of assessed
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
CROP MARKET REVIEW
Wheat UnSettIed-COrn and
Oats Firm-CottOn Higher.

The wheat market vas weak and de-
cining the first day Of last week. But
Tuesday a crop scare took possession of
the market and prices gained. holding
about steady on Wednesday, declining
on Thursday regaining the loss through
another scare on Friday and losing the
sain on Saturday, making practically an
alienation Of ups and downs. The mar
kct has been governed almost entirely
by weather conditions foreign crop
prospects and the export trade being dis
regarded in the face of reports from the
American wheat fields.
Much hedge selling is looked for with
the movement OF new wheat in any large
volume. and the idea that this will cause
a break must be considered in connection
with the fact that wheat is now IS to is
cents cheaper than it was a year ago
How farmers will regard this difference
iu price is a problem but it is safe to
say that unless there Is an advance they
will hsA their wheat as long as possible
crop estimates vary. naturally but
there seems to be a general impression
that there will be about 100000 bushels
less OF spring wheat than last year. and
while winter wheat may give a larger
WELD the total Is not expected 10 be
any larger than last years. crop Of TO
CH.Cr bushels
Primary receipts Of wheat Saturday
amounted to 5f2.oor bushels against ga.
% bushels twelve months ago For the
crop year row practically closed they were
$40. $1,000 bushels. compared with 2335l3.-
0Oo bushels last wear Posting of the fig
ures showing this huge enlargement OF
more than 100000 bushels had a de-
pressing effect on the bull side ~ the
market Furthermore seaboard clear
ances were light. tho total of wheat and
-four equalling only 279.OoO bushels. With
foreign crop reports OF an extremely en-
couraging nature, appearances are that
the export trade will not havo much eff
feet on local prices for a time
Corn closed the week with a gain, al
though the market has been feverish and
unsettled Shorts in the late trading
showed symptoms Of nervousness As
was the case with wheat, weather condi-
t.ous have been the controlling factor In
corn. and the last trading Of the week
found longs free sellers. with the market
declining
oats followed the other grains. obeyed
practically every within OF the weather
and late In tho week advanced a little on
estimates that in eleven states the yield
would he about 4S0.OOO.oo0 bushels less
than last year The last trading was
no "a decline as longs came TO the con-
cIusion that profits I'm sight were worth
taking iu. and sold quite freely
Cotton Shorts Squeezed
IN the squabble over July notices cot
ton shorts who had sold the staple for de
livery were forced 20 cover on Wednes-
day after two days of comparative quiet
After the option had advanced about 20
points the rise was checked by a stop
order covering 10000 bales AT 12.25c, and
the net gain was IS to % points on
Thursday there was a decline. and the
issuance Of notices on Friday caused a
break Of ~ points I'm July from the high
~ the week bringing the month points
under August.
Saturday so few sellers appeared in an
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
PARIS BOURSE STAGNANT
La Haute Finance" Not in the
Stock Market.
rBy cable 10 The Trlbunel

Pans, June 2J.-Ihe BOuIse sun
marks time with no sign yet Of any re-
turn TO activity. An important feature
Of the situation is that most OF the
large banks and prominent financiefs'
what is here called Ia hautc finance
are Withdrawing entirely from STOCK
transactions and are gradually taking
part in purely money operations loans
etc. 10 the exclusion Of all other busi-
ness.
French rentes held their own, closing
4 few centimes higher on the week at
s. francs 9212 centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30

interest is unpaid or AT maturity IL the
principal is unpaid. When there is no
sinking fund clause and nd mortgage
rights accrue, bonds OF this class are FREE
quently known as 'debenture incomes"
or they may be termed convertible in
come bonds II they include Il provision
for conversion into other forms Of Sc
Cu'ity. Income bonds Of this class are
not considered as desirable investments
except i'm a speculative way.
Endorsed Bonds.
The rules of the New York Stock TX
change provide that coupon bonds issued
10 bearer having an Endorsement upon
them not properly pertaining 20 them as
a security must be sold specifically as in
dorsed bonds. and not a delivery. except
rs Endorsed bonds" Bonds which come
under this heading are those upon which
a persons name has been written indell-
bly,. one thing 10 remember is that a
certificate of stock or bond should never
be defaccd, and If II is necessary To in
scribe any memorandum to explain any
thing connected with the transfer or de-
scrpton, such memorandum should be
written on separate piece Of paper and
attached 10 the security.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
Income Bonds.

Bonds issued under this classification
differ very slightly from preferred stock.
except that interest on income bonds is
supposed TO be paid if earned. However
the management Of a corporation may
decide otherwise according To the spccl-
fcations ON which the bonds are issued
Income bonds are usually secured by the
net earnings of corporation after pay
ment of interest, sinking fund. etc. upon
al Indebtedness having a prior claim
Interest on income bonds may be accu-
mulatcu so that If any one year earnings
are not sufficient 10 pay the interest II is
carried forward into succeeding years
until finally paid in full or repudiated
Income bonds are sometimes classified as
preferred bonds" or preference income
bonds They may be issued with a sink
ing fund clause. and in some instances
they acquire the rights OF mortgage II
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
FINANCE & INVESTMENT
ItiRTY-FOURTH ARTICLE
BY dare M. Reynolds.
Inactive Bonds.

Under this heading are included issues
OF bonds which are seldom traded in and
lnirquently quoted. Such bonds have an
irregular market as d rule. as il is din
cult for tho public at large TO keep posted
on the prices Of these securities. Bankers
and brokers in some cities make a feat
ure OF dealing in inactive securities and
become specialists in certain issues, there
by insurins some sort Of market for the
buNcr ana Seller
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
interchangeable Bonds.

This classification refers to bonds which
are changeable from coupon to regis
tered" and back again from registered
TO coupon" at the Request Of the holder.
There are many issues of bonds that do
not carry this privilege and when once
converted from coupon into regis
tered" form are not changoable back 10
the coupon form again
CTo be continued on Monday, July ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
CURB QUOTATIONS.

uips and Low, prices on the New YORK CtTO
during the week ended June %
Furnished by Harry r. Thompson " Do' NJ
% Broad street,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30

oEFICF OF READING COMPANY.
philadelphia, June l.. 1913.
VIE poard OF Directors has declared from
the net earnings quarterly al'ldehG OF ~
ner cent on the Second Preferred stocH o.
the Company. 10 be PAID on '.E 10. q,
husinsss June IS 1913 checks VIII o.
mailed 70 stockholders who have h!ed o'l-
dend orders with the Treasurer ...-,.
JAY Y. HARE. secretary
THE PEOPLE BANS 9 or THE CITY "
ONE HUNDRED AND T, ,y.k DI,r8r KTH
-rba BOARD OF Directors have TINS Gay -
clared a semi-annual dividend 81 FIVE EG'
CENT. free Of tax. payable on SHl 90 ~ 49,
/ 1919 10 stockholders u record or ms cav,
- ,.,,sfor hooks viii be closed until July l.
i ris '''''9''' WILLIAM MILNE. cashier
Vera Cruz Pacific Railroad Co.
FIRST MORTGAGE 40 GOLD BONDS.
coupons due July 1. 1913. or me aSoNe
Bonds will be paid on ana ai'e' 'l'' DA''
NO. IS BROAD STREET NJ" I'm
r. NJ SOUTHER. Assistant treasurer
Ferrocsrrilcs Nacionales de Mexico
June - 1913. ---.
MERCHANTS EXCHANGE NATIONAL BANK
Oh ''s O''' june "a. 1918
The Board OF Directors have this day de-
clared a semi-annual dividend OF thrSe psr
cent free ~ tax payable on ana after jury l,
ipl3 10 stockholders Of record al the close
az business June -. 1915 .,,
+ Y. GAMBLER. vice-Prest. and Cashier.
New York Mortgage and security 20.
i35 Broadway, y. y.
A quarterly dividend OF three per cent 70
On the caultal stock OF the Company mas been
declared payabla July ]. 1918. 10 stocKholaers 81
record al the close Of business on June ~ 1910
Cyril. n BURDErI, secretary
Dated New York June ~. 1918.
THE BANh OF AMERICA,
New York. June 2oth. 1913.
d.
seuni-a annual dividend OF fourteen l4 per
cent free OF tax payable July LIST. 1910, 10
.,orkboldcrs o. record Of this dale. The trans
Tor books will remain closed until July ND
1918 W N BIZ vi. J., : as,..sI
MINES COMPANY OF AMERICA.
New York. June 14th. 1913.
A dividend OF one and one quarter per
cent for the quarter ending June 3oth. 1913,
will be paid or July 25th. 1918. 20 stockhold-
ers OF record on July 10th. 1918.
j. ID. TOOKER. secretary
SEABOARD NATIONAL BANK.
New York, June ~, 1918
The BOARD OF Directors or this bank has
declared the regular quarterly dividend ot
three a. per cent. payable Nuly 1. 1913. TO
stockholders OF record on JuNx ~. 1913.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
sEABOARD NATIONAL BANK.

New ! DIX dIlt IT, l'io'
The Board of Directors OF this bank has
declared the regular quarterly dividend OF
three 90 per cent. payable Nuly l. 1918. 10
c. c. THOMPSON, Cashier.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
DIVIDEND NOTICES.

S-T-V YORK. ONTARIO AND WESTERN
RAILWAY COMPANY.
Dividend No. .. ,
New York. June 10, 1918
Tn. BOARD OF Directors Of the New l9rA,
Ortario and Western Railway company nas
,',,'r,or stock payable August 4. 1913, u
srockhoiders OF record on June 80. 1913. 49,.
The Transfer Books Will be closed az 49,
o'clock T. NJ on June 80. 1913. ana ieopehe@
y, ton O'clock A NJ on July g. 1913.
S' 'S" y n RICHARD. Treasurer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
Registry of Public
Accountants

Municipalities, corpora
tons, firms, business men
and investors are realizing
more and more the inpor-
lance OF safeguarding their
interests by the employ
ment of responsible public
accountants. equipped by
experience and character
to render impartial audits
and accounting investigs-
tons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
lpERIAL BANK or GERMANY MARKS.
cAXAp1AE BANKS MONTHLY.
GOLD PRODUCTION OF THE WORLD.


hv rnultpl
sterling
-, irIyng the I'm by 42f8
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
COPPER STATISTICS.
DAFT CONSUMPTION IN UNITED STATES.


OF from ls 49, l. gwen "
quantity exported
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
MINES COMPANY OF AMERICA.

=
dividend OF one and one-quarter per
cent for the quarter ending June 3oth. 1913.
u,iu be paid or July 25th, 1918. 20 stockhold-
ers OF record on July 10Th. lgl3.
80 II TOOKER. secretary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
EXcHANaE NAT T BANK

June -, 1918
The Board OF Directors have THIS day De
cIared a semi-annual dividend OF three per
csnt free ~ tax payable on and AFTER July !
toi9 20 stockholders of record a. the close
OF business June 70. 1913. ,,,
= Y GAMBLER Nice-Prest. and CssnleI-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
IMPORTS AND EXPORTS o. MERCHANDISE.
PRICES AND YIELDS

,aIo ~, investors 10
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-30
- yo,L uortcave and security Go.

TIL. Board Ct Directors have to-day declared
aort free OF tax payable July LIST. 1913, 20
stockholders o. record Of this date. The trans
Ser hooks will remain closed un.il July md.
iot2 W NJ BENNETT, Cashier.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1913-06-27
Chinese Football.

Our football-whether Association
or Rugby-is played according to rule.
Not so the football of China There
the contest is curiously primitive, and
free and easy.
THE first game I saw" says Eu-
ropean in letter to the Weekly Tele-
graph, 81 mistook for a serious riot.
To begin with, each side was so
strong, and as it was in northern
China. most of the players were six
feet tall, and heavy in proportion.
They had no goals, side lines or
halves. The game was not finished
until one side defeated the other, and
sometimes lasted several days. The
idea of the game is to carry small
basket, which serves as a ball, into
the opponents territory. The game Is
fought out in the streets, and every
player has a whistle with which to
call assistance when he is too hard
pressed Stealth, as we'll as force, is
permitted. know of one man who got
the ball across the enemy's line by
climbing over the roofs Of houses. AS
you may imagine, hundred gigantic
men yelling and fighting all over the
public streets are pretty certain to
cause excitement.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1913-06-27
FRENCH PREFER TIPPING PLAN
Paris Theatergoers Fall to Appree-
late System That Would Ahol-
lsh Old Evil.

An excellent instance Of how the
conservative French public adheres
to old and established traditions, de-
spite any inconvenience, is given by
the failure of the experiment OF the
new Franco American comedy house,
the Champs Elysees theater.
The prices of the stalls were pro-
visionally raised from $40 to ", and
the usual charges which more than
made up the difference-the program,
cloak room charge, ten per cent. poor
tax and the tip to the ouvreuse-were
abolished
Although the public was saved an
immense amount of annoyance and
red tape by the simplifcation, the
only thing it was able to realize VIZ
that the price of seats had increased.
AS a result the sales have fallen
enough to make the manager, M.
Poirier, announce that he will return
to the old system and its incon-
veniences, which playgoers seem to
prefer.
Meanwhile, Gabriel Astrue Of the
Champs Elysees theater has pub
lished the total receipts of the new
playhouse for the first month OF It's
existence. These amount to $50, 100,
which, it is asserted, makes record
in this country. 1t is understood,
however, that the figure includes the
subscriptions paid for seats during the
whole season.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1913-06-27

tanned three times Joe took a solemn
oath he'd never let 1t happen again.
He set about to cultivate new style
Of batting against that particular sort
Of pitching. If you'll pay strict atten-
ton to Joe in his batting poise nova
days you'll note that he stands con-
siderable distance from the plate. He
also is said to hold a unique record
In that he never has been hit by a
pitched ball during his long service In
the National league. When l first
knew Joe he welded a long bat and
choked 1t as he stood close up to the
plate. Now he swings with one of the
shortest sticks In the big leagues. One
of the best things Joe does against
my pitching is to comb extra-base
drives, hence he is duly qualified tC
hold the title Of my Batting Hoodoo.'
Copyright. 1870
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1913-06-27
QUEER DISPUTE is SETTLED
Golf Ball lie Driven Over Center Field
BIeaehers of New York National
League Grounds.

The dispute between golfers and
baseball players as to whether a golf
ball could be driven from the home
plate at the Polo Grounds in New
York over the center field bleachers
was decided in the affirmative the
other day. Grantland Rice, golfer and
baseball writer. and Oswald Kirkby,
widely known amateur golfer, both
succeeded in making the drive. Rice
put over one ball In four. and Kirkby
two in four. The golfers drove against
the wind, but the ball carried over the
top of the fence, which is about 30
feet high at this point, by about Is
feet. A brassy was used for the
drives, and 1t is estimated that the
carry was about 200 yards. The dis
lance from the home plate to the
fence is about 1875 yards. No ball
player has ever been able TO drive a
pitched ball even into the lower part
Of the center field. Manager McGrav
Of the Giants saw the feat performed
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1913-06-27
Bio Blasting Feat.

An eyewitness of one Of the big
hastings undertaken a short time ago
at the Grand Trunk Pacific terminal
yards at Prince Rupert describes it as
one of the greatest blasting feats ever
undertaken in Canada. Where a day
before there stood a ridge Of solid
rock, as long as a city block, more
than 60 feet wide, and As feet in
height, there lay, after this blast had
been fired, tons upon tons of shattered
stones. approximately $4,000 cubic
feet of rock was destroyed and the
cost of the blast mounted to the neigh
borhood of $4,000.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1913-06-27

of 1908 was a great one Tor tinker,
both before and after that memorable
pennant fight which went right up to
the last ditch. Joe and l have been
having some lively brushes, with each
trying to outguess the other. Prob
ably the most bitter pill ever given
me by Tinker was administered on the
old polo grounds, New York. one aft
ernoon late In the season OF 1905
New York, Chicago and Pittsburgh
were fighting it out in see-saw fashion
for the pennant, and Brown, an old
rival, was pitching against me. The
eyes of fandom all over the country
conferred about the result of the race,
which had narrowed down to the real
crisis. Neither side had pushed run
over the plate In seven innings, and
naturally the great crowd gathered
about the yard was wrought up to a
high state of nervousness. In the midst
of one of these general brainstorms
Tinker laid hold of the ball, drilling
liner high and far away to left cen
ter, the ball crashing against the cor
ner of the fence. Cap in hand, the
Cub shortstop whizzed around the
pathway, digging at top speed for
homer. That run was the only one
scored In the battle, and incidentally
the beating this accorded me practi-
cally blasted every prospect we had
for winning the National league cham
pionship. At first Tinker had weak
ness against low curve balls cutting
the outside corner of the plate, but it
didn't take him long to remedy this
fault. One afternoon after he had
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1913-06-27
IS 1T RIGHT TO ADVERTISE COCA
COLA7

Men who play the willy game of poll
tics have discovered that the best way
to distract the attention Of the public
from their own shortcomings is to
make a loud-mouthed sensational at
tack upon someone else. AS the cut
fetish eludes ts-pursuer by clouding
the surrounding water with the con
tents of its ink sac, so the political ad'
venturer takes advantage of the igno-
rance and prejudices of the people to
escape from his indefensible position
by muddying the waters of public
opinion.
A case in point is the recent attack
made upon the religious press TO
carrying Ceca-Cola advertising. Thif
attack was made by politician who
was supposed to be an expert II chem
istry but who, having brought sui
against the Coca-Colo CompanJ, was
Inundated by having to acknowledge
that he could not qualil. "a an expert.
The court decided in favor Of re Coca
Cola Company rs it was clearly lown
that the only essential difference be-
tween Coca-Cola and coffee or tea is
that the former contains only about
half as much caffeine a. the latter AND
that the flavor is different.
The question as to whether it is right
to advertise Coca-Cola seems to resolve
itself therefore into the question as to
whether it is right to advertise coffee
tea, chocolate, cocoa and other bever
ages of the caffeine group.-Adv.