davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1913-11-23
FRISCO MAN EXPLAINS
Hillard Says Commissions Were
Below Par on Bonds Sold.

c. w H.llard, vice-president of the st.
Louis & San Francisco Railroad Com
pany who was an important witness last
week at the special hearing conducted by
the Interstate Commerce Commission at
st. Louis into the causes Of the receiver
ship, arrived here yesterday. He said the
statement in The Tribune's dispatches
that one of the causes for the receiver
ship was due to the fact that approx
mately $32. 1000 of the 'Frisco's funded
Indebtedness was paid to bankers and
brokers In commissions" needed further
explanation. He added:
This s3200o0O0 alleged to have been
paid to bankers and brokers in commits
sions represented the discount on securi-
ties that were sold below their par
value"
1t was stated by Speyer & Co. that
misconception had been put on the testi-
mony Of the roads officials, and that the
bankers have been placed in an embar-
RAISING situation.
New-York tribune., 1913-11-23
WOOL MARKET RESTRICTED
Takings This Year Reduced as
COMPARED with 1912.

There is no cause for manufacturers TO
become alarmed over any shortage In the
domestic clip that is apparent or that
may be proved by the final figures, says
"The Textile Manufacturers Journal
Whether the shrinkage in the clip Is
40. 900 900 or so. 900 COO pounds is not particu-
larly material II consumption Is 10 con-
tinue 10 be as restricted during the next
six months as it has been thus far TINS
year. The official figures OF WOOL snip
ments from the Boston market since Jam
uary show a shrinkage of 30 per cent as
compared with the total for the same
~ riod of last year. The takings this year
were 10. 900 900 pounds and last year AS,-
OOo 600 ponnds. This is undoubtedly fair
reflection of the manufacturing situation
and. allowing for takings of other raw
materials BY wool mills, indicates an
average production Of about 80 per cent
II is not much better than this to-day
and a liberal estimate Is for not more
than 50 per cent of maximum production
during the coming heavyweight season.
IT is true that imports Of Glasses ! and
2 wool this year are only about hat Oh
what they we're for the same period OF
last year, or approximately 5O'"'Wo
pounds less but there are over 4o"''"o
pounds of such wool in bond AT present
and this quantity can be Increased ad
libltum after December ! without forcing
a serious advance In foreign maThe's'
However that may be. the decrease IN I'M
ports. plus the shrinkage In the dofhesuc
clip. even II we allow that the latter is
as much as 100000 pounds, falls far
short of balancing the shrinkage In ship
ments from domestic markets. and Is out
little more than the shrinkage In Boston
shipments alone; possibly this Is the Iea-
son why interested statisticians have IN
creased their estimates of the decrease IN
the domestic clip.
OF one fact we may be certain. and that
is that there is no lack OF merino ana
crossbred wool abroad And another I'M
portant fact appears to be developing that
viii make domestic manufacturers more
independent OF the home clip tnah APP
peared possible until recently, and mat Is
a marked tendency of prices in the Duyel
favor. Fortunately. American buyers nave
operated in foreign woods with extreme
caution thus far this season, ana are III
a posltlon to take full advantage OF any
weakness that may develop Predictions
arc now ouite general that values az the
,ext London sales will show marked re-
cession. with both merinos and crossoleN'
lower and the latter possibly as much d.
10 per cent below the closing prices OF inc
asst series.
New-York tribune., 1913-11-23
RATIFIED BY NEW HAVEN
Directors Indorse Agreement
with N. Y. Connecting R. r.

Boston, Nov. 22.-Howard Elliott chair
man of the New York, New Haven I"
Hartford Railroad. in discussing yester-
days meeting Of the board of directors
said to-day that the most important ac-
tion taken was the ratification OF the
mortgage and agreements covering the
New York Connecting Railroad
This company is building a bridge over
the East River to furnish better connec-
tiors between New York, Long Island ana
New Jersey and provide improved facll-
ties for the movement Of traffc bet"ee"
New England and the South.
New-York tribune., 1913-11-23
SUED AGAIN AS SUGAR TRUST.

New Orleans. Nov ga supplemental
petition 10 suits in the United States
Court charging the American Sugar Re-
fining Company with being monopoly in
restraint of trade was filed yesterday by
Wogan Brothers. Inc: the Rose Hill
Sugar Refining Company and the Colum-
bia Sugar Refining Company. 1t is
charged that the American company con-
Quoted wash sales" in 1911 TO hammer
down the New York market, so IT might
buy raw sugar at reduced prices. DAM
ages Of more than 100000 are asked.
New-York tribune., 1913-11-23
CURB LACKS INTEREST
Practically No Trading in OIL
Shareholders Quiet.

Little or no interest was shown in the
curb market yesterday. Although 'he
general tone held steady, there appeared
to be no disposition to do business Inc
Standard Oil shares were almost COM
pletely at a standstil with only a shght
inquiry for Standard Oil of New 1orA'
New Jersey and California. Riker-hese-
man new on small offerings eased OH
fraction, while in United Cigar stores
trading was confined to odd lots. Mining
stocks were practically unchanged, Win
principal trading in Tonopah North star
at 44c and Nevada Hills at 5Qc. jim but
47c. Montana Tonopah sold at 9Ic and
Merger al SIC. Jumbo Extension was IN
1Oc. NIpissing was offered at S and Tono-
pah Belmont at sS2s. Mizpah Extension
recorded q few sales al 2Sc.
The closing was dull but strong
New-York tribune., 1913-11-23
Finley BarrelI & Co.

Money is going to get very cheap ana
this is the basis Of the chief argument
OF those who are bullish on stocks. on
the other hand, conditions generally are
very unsatisfactory and show no sign OF
early Improvement. and inasmuch as the
lower rates for money are developing
because OF curtaiment in general bust
ness, we fail to see the bullish force OF
the contention that stocks must rise be-
cause OF easier money. especially in view
OF the fact that the curtailment in busi-
ness activity is resulting In lower prices
and shrinkage In traffic, which means
lower profits for both industrial and
transporta,ion companies"
New-York tribune., 1913-11-23

New York. for with that centre elirni-'
mated the decline is only six-tenths of
per cent, and in the corresponding week
Of last year there was an increase of IA
per cent over 1911, in which year the gain
over 1910 was 2s per cent"
New-York tribune., 1913-11-23
Moore, Leonard & Lewis.

THE significant feature of the week has
been stubbornness in the general under
tone OF the market. There has been an
almost uninterrupted series of excessively
dull sessions of the Stock Exchange. II
has been evident. however. that while the
buying power has been exceedingly back
ward the selling has been equally so. and
the tendency OF the price level. II it may
be said to have shown tendency. has
been toward a frmer basis
New-York tribune., 1913-11-23
COST COMPARISONS
Changes in Average Prices Tor
the Last Week.

The following table gives the hishest'
lowest and average wholesale spot P''0e'
Of twenty-five articles Of current consuihP-
ton in the New York markets Tor the
week ended November q. and the diner
ence in average from those OF the pre-
vious week. cotton, sugar and lard quota
tons being in cents and hundredths:
Chge n
New-York tribune., 1913-11-23
Posner & Co.

Opinions are widely at variance regard
ing the prevailing stasnation in the de-
mand for securities The most acceptable
theory is that the method OF discountins
or anticipating industrial depression mas
reached a climax. but the many para
mount factors in allegiance and in a
strongly fortified position are resuaih-
ing influences. We hear a great deal from
men who stand high in financial and IN
dustrial circles that conditions are aoso-
lutely sound; but the economic problems
that remain unsolved are the principal
factors 10 be adjusted before definite
change can occur in the stock market
New-York tribune., 1913-11-23
II. r. Mcconnell & Co.

The total issue OF securities for the
month of October was SlOS@o'oC. par
value. as compared with s2o3 10000 year
ago Sales Of stock on the New York Ex-
change decreased $4,000 shares. II Is
quite evident that security markets are
well liquidated, and the increase In the
number OF stockholders in various cor
porations shows that many issues are
being absorbed on scale down. We think
good securities are cheap. but would avoid
speculative issues"
New-York tribune., 1913-11-23
FOREIGN RESORTS.
AUSTRIA, HUNGARY, sWITzERLAN'

ADVERTISEMENTS AND sUBscRiPii~,
for The Tribune received at the up"s ,s
once. No. 1854 Broadway. between oo'"
37th sts.. until 8 o'clock p. M. Ao's a.,
ments received at the following branch vi Us.
at the regular rates until s o'clock p ,"s s 81
15S eth ave. cor. 18th St; 10{ East "a s,ss:
257 West t2d at, between 7th ana ets ivS
283 West 125th st.; 163 East l2otn ""'
Sd ave.; 170S LIST ave-. near seth 81
New-York tribune., 1913-11-23
CURB ECHOES.

There is a continued selling Of San Toy
Mining Company stock on the Pittsburgh
Stock Exchange. said to represent indi-
vidual necessities Of some large stockhold-
ers No word has been received from the
property in more than a week. and II is
said the Mexican constitutionalists are In
control In the district, and all wires lead
ing out of Chihuahua have been cut. So
that there Is no means Of reaching the
property from FL Paso. except by auto
mobile.
Austin NJ. Pinkham was appointed
trustee of the Butte Central Copper Com
pany. According to the bankruptcy
schedules filed with the court on Novem-
Der last the company's mining claims.
known as the Ophir quartz lode claims, at
Butte, are estimated as valued at s2,50o,-
600.
The Vulture Mines Company announces
that since January the mill and mine
have run regularly, the production OF gold
bullion aggregating $276,773, and concen-
trates TO a net value Of s152.644. total
Of s429,4l7 A winze is now sinking be-
low the 1,05o-foot level, and deep develop
ment will be pressed vigorously.
The following has been sent out by
Jones & Baker on the Cobalt situation.
I'm view Of the interest manifested In the
Cobalt issues, II is interesting 10 note the
recent remarks OF wilett G. Miller, the
provincial geologist Of Ontario. He states
that the production In the Cobalt area is
unique. II is not only the worlds great
est producer of silver. but 1t absolutely
controls the market for cobalt, has
large output OF arsenic and is among the
three or four areas that have the largest
output OF nickel"
New-York tribune., 1913-11-23
Wrenn Brothers & Co.

"Dulness has been almost the sole leat-
ure of TIE market during the past week
While the trading is too narrow ana pro-
fessional to bear any definite interpre'a-
tion. II does seem clear that the market
as a whole. is well sold out. With all the
disturbing events of the year, there nave
been no disasters such as accentuated 'he
declines of 1907, 1899. 1896 or 1893; ana
neither has there been any such dearth %
money and capital as was experienced
in 1905 In the absence of such evils MAJ
ket values have shown large shrlnKase'
and now the return flow Of currency from
the interior. which usually marks the be-
ginning of the so-called January rise, mas
actually begun This rise taxes piaoe
principally in December, and is In the
nature of a sort of a rebound from the
denressing monetary conditions OF the
autumn. and Of a discounting Of the large
January disbursements. Hence IL is hdt'
ural that the return for OF currency
should ordinarily be the signal FOR sea-
sonal Improvement in the stock market
This year monetary conditions have no'
been especially depressing, and the re-
bound does not therefore promise TO DC
large: but unless Mexican or other uh-
foreseon complications develop. we are IN
clired 10 think that during the balance Oh
the wear the trend Of prices Will be slsh'-
IN upward"
New-York tribune., 1913-11-23
THE WEEKS TRANSACTIONS.

Daily sales Of stocks and bonds on the
Stock Exchange during the last week.
with yearly comparisons:
New-York tribune., 1913-11-23
TRANSACTIONS IN
OIL NEW REC0Rn
Values Increase About S4O,ooo.
600 in Nine Days-Gains
from | to 49 Points

There has been a remarkable inor.
In the value Of securities of former .,s
salaries of the Standard OIL Comr.~
during the past nine business dav.
ended on Saturday. Never before in ~
history of the New York Curb Mari.
has there been so large a volun.
business transacted for a similar psr,os
in these shares. Brokerage hons.
specializing in oil stocks have h..s
forced to increase their clerical help. ana
they hope for a continuation Of big bus
ness.
From the opening of the curb =.
Thursday, November l3. up until s.,.
urday stocks of various oil comnan,.,
rose steadily, increasing the total valr.
of these securities by approximatslv
$40,000,000. Advances ranging from
to 49 points were recorded by MANY =,
the securities, and losses exhibited hv
only a few Of the thirty-four separate.
companies were slight, and refiec,sa
little on the advances made in IN.
others. The total capitalization OF all
the segregated companies, including IN.
former parent company, is above $3.50.
100000, divided into more than 506s
shares, and in every case, except an.
they are quoted considerably above th.,,
par value. ranging from so to $50 r,-
cent in excess. and in the case OF N.
Waters-P Pierce Oil Company 900 per cen,
above par.
Ono Years Distribution.
The prosperity Of the oil companies is
evidenced by the large distributions
made during the past year. Up until III.
end of last week disbursements made
from the first Of January amounted to
S112,263,sss. and compare with $751;.
sl3,335 for the whole year Of 1871
There are still four Of the thirty.fow
segregated companies that have not q
yet made any distribution to stockhold.
ers since the dissolution order, namely
the Atlantic Refining Company, Co.
lonial OIL. Union Tank Line and Waters.
Pierce OIL Company. The cash melon
Of s4o,O00,o0o by the New Jersey company
at the beginning OF the year accounts
largely for the big increase over last
year. The following table shows the
amount of cash dividends paid by each
Of the Standard Oil companies for 1914,
as compared with 1912. together With
the rates for this year:
New-York tribune., 1913-11-23
MINING
NEVADA QUOTATIONS..
Fridays Yesterday

FURNISHED daily by Weir Bros. & Co.. No. IS
Broad street,
TONOPAHS.
New-York tribune., 1913-11-23
MISCELLANEOUS SECURITIES

sFinal divid md for the year not yet declared.
fIncludes $50. 3353 352 extra dividend
New-York tribune., 1913-11-23
lNDUST RAILS.

FURNISHED by Harry +. Thompson q Co, NO
Ok Rrnad street
New-York tribune., 1913-11-23
PROBABLE TREND
OF STOCK PRICES
Expressions of Brokers in the
Financial District-Opin-
ions Differ.

The stagnation in the stock market
during the week just ended has permitted
a different Interpretation to be placed Oh
its meaning. as reflected in the future
course OF prices. The following condensed
opinions of Wall Street houses on the
position Of the market are published lot
the benefit of readers:
Henry Clews & Co.
"As for the future of the market We
are Obliged TO renew our advice or con-
scrvatism in financial commitments, es-
pecially while the Mexican and currency
problems are so unsettled. In many re-
spects the outlook is clearer and more
satisfactory than has been seen for some
time past. As usual the stock market
has been discounting unfavorable iniiu-
ences in advance. History shows time
and again that stock market prices nave
risen when business reaction was on; be-
cause liquidation had discounted its ell
feet. and the accumulation of idle money
resulting from dull business proved an
Irresistible stimulant In the security mar
kets History has a habit of repeating
itself. particularly In fundamental mat
ters. and it would cause no surprise TO see
better prices for stocks when TRADE re-
actiop was in full swing"
New-York tribune., 1913-11-23

Arrangements are said to have been
completed for the construction Of rail-
way line from Odessa, Russia, to Akker-
man. a new building to be used for ad-
ministrative offices is now under con-
struction in Odessa. II is planned TO start
on the new line early next year.
New-York tribune., 1913-11-23
TOBACCO STOCKS.

Quotations furnished by L. L. Winkeiinan
Co.. No. ~ Broad street,
On4n High Low. BID. AZ.
New-York tribune., 1913-11-23

Stockholders Of the Illinois Central have
approved the resolution to transfer the
Memphis freight house 10 the chicago
st. Louis G. New Orleans Railway to Ia
cilitate the new blanket mortgage.
New-York tribune., 1913-11-23

Illinois grain shippers and producers ex-
pect a decision in few weeks from the
Illinois Railroad and Warehouse Commits
sion in the case of the Chicago Board OF
Trade TO compel Ave railroads entering
Chicago TO absorb switching charges on
grain in the Chicago switching district
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1913-08-26
- KY
(ti1r, eGmheH

London variety artists will by a
black party proving that there variety
artist won't put up with.
" HE'S EVEN WORsER
Johnny Evers Charlie Murphy "nx" does
not begin to describe him.
But snoep there something radically wrong
when Evers is able to criticize a
"A FEW TEARS
will be held there.
m We understand tina. Jackson now leads T Cobb
SPEAK, 1 PRITHEE
Why e IT that we never hear what the umpire says?
Joe birmingham Napoleon Jaioie loo
likewise win keep Cy Neighbor report
two longer. wen VI
Headline states Freddie boxer Does t,s n,v
ne mas money or does refer to his handling mis?
waiter johnson has but II games lately What
rs mere trifle like this? ' what
writer says the fences Iesgue are
western league. 49, ~ 'ea''ie rs not North
And even So Dugs bandox hump some to law anv,,
over on the starOoard wall in Frisco ''''s
Clark Griffith johnson the entire r,etro,. .
some It We're not for Ty Cobb this would
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1913-08-26
Sport Features Shown In
No Other Tacoma Paper
RED BENCALS GET REVENGE on TERRORLESs ills
|R|TCH|E AND RAY CAMPBELL
+ GETTING READY FOR LABOR DAY

up here on Labor day afternoon
for fifteen rounds, at reduced
prices, the highest priced seat be-
ing SIS. Ritchie's opponent was
decided by an elimination bout
held here Saturday afternoon,
August 23. After the Labor day
bout, if Richie is fortunate
enough to retain the title, he will
take short vacation, and then
prepare for his bout with Welsh
for the worlds title on September
20, at the local arena.
Welsh's injured ankle Is mend
ing rapidly, and he was a specta-
tor at Saturdays match, being in
troduced with Richie from-the
ring. The British champion will
rest until the week after Labor
day, giving the ankle chance to
thoroughly heal. and then start
his training for the crucial match
of his life.
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1913-08-26
Especial DispatcI, to the Times

Especial Dispatch to the Times.)
VANCOUVER. B. c.. Aug. 2G.
Its an i'll wind that blows no.
body good, in the opinion OF Will
lie Richie, worlds lightweight
champion. Richie came to Van
couver to meet Freddy Welsh on
Labor day for the worlds light
weight championship, and was to
receive $4,000 for his end, win,
lose or draw. When Richie ar
rived in Vancouver and quickly
reached an agreement to postpone
the bout for three weeks. In the
meantime meeting another man
here on Labor day. and receiving
$500 for his work that after
noon. So that Richie gets ex-
actIy $4,000 a week for the post
ponement and in the meantime,
spends a vacation in the Canadian
Rockies.
Richie and Ray Campbell hook
The Tacoma times. [volume] (Tacoma, Wash.) 1903-1949, 1913-08-26
Short Sport

Charlie swain has tleu the Icc-
ord of Arthur Bues, as this paper
has stated before. Investigation
shows that the big Victoria slug
ger has made 20 home runs this
season-28 in reality, as one only
went for two bases. Still, Bues
lost a homer that way i'm 1911, so
the count Is even yet. With five
more weeks of the season Charlie
will likely beat Ping Bodies rec
ord of 80 and set a new mark for
the coast.
Lanham Is not held in much re-
spect in Spokane as pinch hit
ter. He may show them thing
Or two one Of these days.
BY the way, the Indians have a
pitching staff right now that is
not TO be sneezed at. Did you
notice how they tanned the Tiger
sluggers last week?
All the homers made by Bues
were clouted in Seattle, whereas
Charlie Swain has secured his In
most of the parks in the circuit.
He clouted three over the fence In
Tacoma.
Mays of Portland duplicated the
feat of his team mate, Callahan,
Saturday. winning both games Of
a double-header. Incidentally,
Mr.. Mays leads the Northwestern
league in batting with a mark OF
1877.
There is little difference be-
tween Tacoma and the cellar.
Tacoma and Seattle are two
much-battered teams. Either one
is likely to brace.
Harry Meek has fallen off a lit
tie bit in hitting, but not enough
to cause any material damage.
Ray Campbell will have the big
chance of his career Labor day.
The city tennis matches are
progressing slowly.
James NJ. Barnes, the Tacoma
Golf and Country club profession
al, Is leaving for Brookline. Mass,
to partake in the national open
golf tournament. Barnes is ex-
pected to finish well up in the
finals.
Apparently the Maps have lost
out in the American league race.
The boxing game has been
struck some hard blows lately and
the deaths of Young and McCarty
do not end to improve public con-
fidence.
Tony Brottem is the leading
catcher of the league, having yet
to make his first error behind the
bat.