davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
THE PRINT CLOTH MARKET.
Trading Quiet, but Conditions Are
Thought To Be Sound.

Fall River. Mass. June The Ne"
England cotton goods markets ruled quie'
last week. but there was stcadincss' "hlch
suggested that conditions are funddmcn''
auy sound. Accommodations VA the hannS
Of manufacturers arc small, while tho DIX
factors VINO deal largely IN Sew England
fahrics have SO regulated their business
that they carry only limited supplies on
hand. Thus there viii DC no sun pl"7
goods to rctard any positive IMPROVE
cotton is pulling the trade. ana thGi'
ar, many merchants vino fear tnat ulp
ia Aug,I.t may dcmoralizc trade ioI
tir,c II is apparent that BUYERS. NOR
n.rticularlv iobbcrs are disposed 70 place
.nuiy a tnodcrAt" amount OF business no"
,Lcv complaining Of the uncertainty "t
rntiou n rs fact that the uie' 'u,u
surrounding Tn" tarlh heN'
,,,uch to do with tho backwardu's., ~
.n,,,o o( tho largest buyers arc iold'hS
M purchasing their spring Suppl'H ~
cott1ns TIN tariff matters are hcul'n. M
i,,,.r.ng. of % per cent In tariu rates as -
matter of protection 60 American l'NlH'
ministries would help the situation mate
rally. ..,.,,.. ,,o,,,opd rather
nc, inn win tho essentials Of IN" mar
70, s,,tnd Tho following are the prices
Sor tast week. gs-iuch. 6iN6i 3.ic. nom
nal. Ss-luch 64ytO 3iac. nominal zi-l'u'
,a",c .r-r. g1-inch. 6GNj6. Be-, 2i-lnch, ''AS-'
g5,c. 3Sia-inch GNGi. ''sc ana "'-'''"' ''N
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23

developments. II is felt that stocks have
been quite fully starved. that textile lines
have probably discounted the effects Of
coming tariff changes. that crop pros
poets arc certainly good enough TO war
rant optimism. and that the removal Of
apprehension from financial circles all
augur well for a good go-ahead move
ment later. Still. the current situation is
invested with the usual midseason condi-
lions. plus caution about far future buy
Ing. for which banks which wish to guard
against undue strain when the crop move
meut begins In earnest are largely re-
sponsihlc. Distribution on current ac-
count is fairly active. retail trade has
certainly been aided by warm weather,
Western textile centres have felt the inn
petus OF a smart demand for sheer fab
RIGS suitable for seascnable wear, while
there is a strong belief that more fan
business has been taken than current re-
ports would indicate. and II is evident
that trade IN general is larger than II
was at this time last year. when there
was an abundance OF irreCuarity. I'm the
surplus crop producing sections Of the
country there are no complaints about
road. current or future orders though II
is quite generally conceded that business
on spot account has tapered OFT from pre-
Ceding weeks-a condition that rs always
witnessed as the season for general inNcn-
torying approaches. Nor can II he SAID
that country trade is active. for farmers
arc either busy harvesting. As IN the WIN
ter wheat regions. for instance, or cult
waiting their crops and these everywhere,
cxccrt i'm the larger oats-yicldmg regions.
are fairly good"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23

ieported amounted TO Sl565o, 994, as COM
pared with S4392, $50 for the CORRESPOND
'ns week Of 1912 and sl4S67,5 6S in 1911
Wmie imports aggregated N7.7I2S79. as
osdIiist $l9,2S5,163 last year and SIC, 692, s.
two years ago
There has been slight revival of ac
uVity IN iron and steel, although, on the
whole demand continues quiet and some
producers arc showing disposition TO
oner price concessions to secure new or
ders Several factors, including tariff and
crop uncertainty, initiate against a more
liberal buying movcmcnt-the railroads not
being in the market to any appreciate
extent In one or two quarters smaller
plants have reduced the working time
and business in finished lines especially
sheets and wire products, is less active.
'Jobbers Of drysoods arc still very con-
serYatlve In all future operations. yet cur
rent demand is sufficiently large TO ac-
centuate the light supplies in ali primary
markets. Increased activity has devcl-
opcd in domestic staples. with an adj
vance in prices on some lines from recent
low levels. Prominent corporations have
been quietly booking some very liberal
orders on tickings, muslins, sheetings and
other staples, while d moderate expansion
has occurred i'm the movement OF fine
fancy cottons. underwear and hosiery"
Bradstreets comments as follows:
Sentiment as distinguished from actual
business is somewhat more favorable
than heretofore. In this respect conscrv-
atvely SanEuinc factors are sufficiently
numerous to moro than offset retardinS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
ACTIVITY INCREASES
~"uS Lines Reflect an I'm
proVement.

NNsSs Of the commercial agencies
p, week ended on Saturday last
s,,., very optimistic tone as a whole
II, .'as Inc business Of the country.
.v.s s"O"ing from 'Dun's Review" Is
!, -, s'a'sd activity in retail distribu-
i,,., ''Ssonable merchandise. due 10 the
90 weather, is reflected in A
,,,,., improved demand IN wholesale
:, The winter wheat harvest IS
q -. way IN most sections Of the
az IS equalling expectations OF
~, rOouction. II Is being sold and
ay,." market promptly and farmers
s...'s repaying their loans. Further
|ss Nourt decisions in railway rate
s5s. ssVnn'ming those OF week ago,
a,,,,' mule Or no effect on speculative
ia IN IRON and steel a slight in
ANA activity Is reported. although
"a 'Onunues quiet and price conces-
=. eure new orders are made by
IN, ..ODucers Dry goods jobbing
mn, SUI operating conscrvatively
"a r.ssnsnd, however. is large, stocks
Ian. low and more scasonable
Ia, ma, mas greatly helped retail distri-
AZ \, al business in footwear Is mod
n ana Tar and is confined chiefly to
al "eoiom priced lines, but there
rnn,. 'ohe Improvement IN retail dis
sins.. Inc leather market shows
srsr, eOe' although there is. as yet.
n No. heo Increase in the volume OF
n am ss All domestic hide markets
q n, ~ weak. Railroad gross earn
ss,s we nrst two weeks OF June in
q ~ - per cent. ar compared with A
'ms,, 'ahk exchanges for the week
so,.,'pe' cent greater than for the cor
ri, week last year and 40 per
aSkins -eess OF 1911. The lead OF local
4. institutions in releasing funds for
= co., mas been followed throughout
'se,r.'aIy. resulting in a general i'm
sas !, N money conditions at all
y d,s estimated that July interest
sshss.' end disbursements win exceed
, Ia ~ compared with s252. 900. go
|'l,srt. corresponding month a year ago.
"e" York for the latest week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
TO GUARD MANUFACTURERS
u. S. Will Issue New Form of
Food and Drugs Act Notices.

Washington. June e2.-The Department
Of Agriculture has made an important
change i'm the form for issuing notices OF
judgments under the food and drugs
act. Hereafter the headings OF these no
tees will show at glance whether the
government won its suit or the defendant
manufacturer was acquitted
This change results from statesmen hav-
ing used notices TO prejudice a customer
against competitors goods even where
the competitor has been acquitted, be-
cause 1t was frequently necessary TO read
the entire notice to learn whether a pen
city had been entered or the defendant
acquitted.
In many cases il was taken for granted
that a notice OF Judgment meant that the
government had won, and that TO sell the
defendants. product would he TO violate
the food and drugs act.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
ii10DK D|SQU|ET|NC
m LONDON MARKET.
.,,ioIed Fall in Prices Causes
gII'Iosding in Standard Brit
'' ish Railroad Shares.
.,uuRES ARE PR0PHESIE0
Lament Which Begins on
' S,idsy Next Awaited with
Much Trepidation-Dis-
counts Hardening.
fpy csbl, 10 The Tribune

.rRy cable TO The Tribune
l.. Iune 22.-The stock markets
m last week in most dismal
y. vith a general fall in all de-
..,s and. what was a most dis
-, factor, a sharp break in some
n home rails, indicating clearly
N. long continued fall has
,.5 the reserve point in some usu-
srong accounts. for the home rails
.,ms on the market in the largest
.,,i,ies and suffered the worst
~, arc those which are usually
.,.a safely away and forgotten in
-, p,utocratic strong box.
,smsins as impossible to-day as at
o. tine in the last two months to put
SINGER on A sore spot and say eX-
IN What causes the fear which has
dad the whole investment and
.,native world. Nevertheless, the
:. remains that both public and
..,.s.ionals are utterly without con-
a,.,e and that the market is wholly
,,..,v stay against the constantly
,..ved bear attacks.
week ago il was more or less gen
.,rv nredicted that the worst had
., passed, but this week. in view OF
!, further continued fall and the eVi-
~, that the bottom has been reached
several long accounts, the settlement
,..h begins on Friday is anticipated
n much trepidation, and several
tl,res are prophesied.
IA this must be added an extensive
,rEing over Of stocks in Continental
,rss with consequent fears Of what
~ supervene at the approaching
ransntsl monthly settlement. The
y result Of all this is that prophecies
Z hitter times are now put off until
H. when the Continent will have
re through It's travail and couple
Z months Of comparative freedom
m anxiety from that source may be-
Isctsd
General conditions in the money mar
q show but little change, with the ex-
gdon that discounts naturally hard
II Under the increased anxiety. The
rnk ended with call money at 81 per
at weekly fixtures AT 81. two and
re months bills up TO Ar, four
'm;hs bills at az and six months
rs at ~ per cent.
hscounts in Germany have risen TO
Z PER cent in the open market, and
Ensny continues to take practically
q the gold available Some SO, 100000
Tar gold is expected in London to-
'rov, and it is believed that Ger
Any will take II all.
STertheless the Bank Of England
needed in increasing its stock Of
- 10000 last week, and its gold
y stands at Sl92, 465.OOO, while the
ssrVs is sl43,555.OOO. The proportion
reserve to liabilities IS slightly lower
1921.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
CROP MARKET REVIEW
Grains and Cotton Advance
Coffee Weak and IRREGULAR.

After reaching new high figures for the
movement in Mondays trading. the wheat
market last week developed feverish
and unsettled condition. with crop news
and weather conditions the dominant
features, and small traders favoring the
short side of trading. There was a decline
on Tuesday, recovery on Wednesday
another drop on Thursday, a steady feel
ing on Friday, and A gain Oh Saturday,
the latter based on fears that reported
rains were not heavy enough 10 really
benefit the crop. At present the market
is entirely under the influence Of weather
conditions. both in the harvesting and
growing sections and rains or dry. hot
weather will send prices either way.
Export trade has been good, mainly in
hard winter wheat. New wheat has
begun to come To- market, St Louis re-
ceiying its first car on Wednesday, with
receipts also reported at Kansas City
and Chicago, and near the close of the
week shorts became nervous over har-
vcftng measures and reports that mil
lcrs and exporters were free buyers IN
Chicago, Omaha and Duluth Foreign
crop prospects are favorable, and world
shipments for the week fell of TO l3,1Si,-
apo bushels, against l5l52,oOO bushels a
week ago and li,76sOOO bushels year
ago.
The corn market has been mixed af-
fair. with prices IN the last half Of the
week showing marked declines, against
earlier and larger advances, and spccula-
tive trading has been large. As with
wheat weather conditions have practi-
cally controlled the market. although
there has been a heavy interior move
ment 100 cars having been reported on
Chicago tracks last Monday. and the
Chicago stock increased l.95Q.oco bushels
last week.
Trading IN oats also has been active,
excited and somewhat irregular. prices
al one time showing o gain Of four cents
n bushel There seems to be little doubt
that the crop has been damaged by dry
weather but in the last trading OF the
week the conclusion was reached that the
market and been advanced too rapidly.
and liquidation caused a drop In prices.
though not enough 10 wipe out the early
gains. ON the grain markets as a whole
there has been very apparent tendency
20 ovcrdo the bull side and eXaggcratc the
bull features. and while the late declines
may have been largely due to hedging FOR
over the week end. there is a strong feel
ing that too much stress has been laid on
unfavorable weather reports
There have been large purchases Of cash
wheat lately aud offerings of new and
old are steadily increasing. I'm spite OF
stories OF damage 10 oats sales Of new
crop have been made at :. cent under
September FOR July-August shipment. and
corn against the enormous crop last year.
Us up T. cents from tho low Of last winter.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23

ment, backed by the same interests that
engineered the old crop advance Of the
previous week and this time carried into
the new crop months. On Wednesday
and Thursday there was a reaction, but
on Friday there was another boost based
OH weather conditions. There was drop
on Saturday, due to profit taking, which
was partly checked by more old crop
short covering.
The position of the short interest in cot
ton is regarded as rather nerve rackinS
owing to the reduction Of the contract
here to about 10000 bales, the holders Of
which arc in place where they can dom
mate the market at least for time. rs
Inmates are current IN the trade that the
European long interest which accumu-
lated here during April and May, when
local contracts were close to the ll-cent
level and under normal parity with
Liverpool has been reduced by Al least
10000 bales within the last two weeks on
realizing. Much Of this business has been
i'm the way Of undoing straddles' or pur-
chases here against sales IN Liverpool
Continental longs who bought new crop
at the lower level as d hedge against
prospective requirements have oeeh
heavy sellers in Liverpool. and this has
furnished the supplies needed by the
straddlers. who have been selling mere
and buying in Liverpool
Coffee's Ups and Downs.
Coffee has followed much the same
course which has marked recent weeks
advancing I'm the early trading. only 10
decline later Trading has not been par
ticularly active. and the upturns nave
been regarded by many as merely rallies
from the inherently weak market Inc
course ~ the foreign markets has oeen
somewhat Disappointing TO the loca'
trade. as they have generally failed 10
foIIou, advances here. on Saturday, how
over. there was surprise, as heavy
drop believed TO be selling pressure
AGAINST actual coffee and hedges by Bra
I'll against new crop receipts, was fol-
lowed by A recovery in the late trading
which carried most Of the list TO sndH
net gain.
Potatoes Lower and Plenty
In tho country produce markets glut
~ potatoes has brought about materiaI
reduction in price. and other vegetables
have only about held their own. 1he
small fruits and berries are beginning 10
come I'm I'm liberal quantities, and prices
euctuate from day TO day according 10
the supplies and demand. Butter. cheese
and eggs have held about steady WIN
the storage houses taking care OF any
surplus beyond what the market VIII ao-
sorb "A. profitable hGures.
While prices for dressed meats hs AZ
made ONLY fractional changes. there naS
been a marked drop in the prices OF Nv Nv
cattlo. and tho late markets haNe p.S Sn
weak. There has been falling on IN vi vi
demand. probably OWING 70 tne u, ,,,tcr
Int the drop In prices of live mas NOT
ho.u reflected hy the dressed meat uaue'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
FEARS RULE PARIS B0URSE
hsnch Rentes Show Further
Disquieting Decline.

by Gable 70 The Tribune
ans June 22.-The Bourse is still
1' hands Of the bears. The inertia
falng Is sscribed 70 the threaten
'Auation In the Balkans and 10 tho
%10os OF all the European markets.
inch rentes again show a decline.
Hs on the week amounting TO !
y 70 confines.
Ahelers predict that there is no
- OF any big loans being floated
Hn' until after the summer vaca-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
CURB QUOTATIONS.

49,. . ,.. ,.rtr.s on tho NcV York curb
'''A" DINING thc vcct ended June -
,.......,i..t IA, u,rr, Thompson q CO.. No
NJ W. a-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
Cotton Shorts Driven to Cover.

Advances on four days and declines on
two show partly how the cotton market
has huctuatod IN the last week, with the
Iiso 100 the October option AT one time
reaching % points. and other new crop
months strong. The advance early in the
week WAS drive against the short ole
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
Registry of Public
Accountants

Municipalities, corpora
tons, firms. business men
and investors are realizing
more and more the impor-
lance of safeguarding their
interests by the employ
ment of responsible public
accountants, equipped BY
experience and character
to render impartial audits
and accounting mvesugs.
tons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
GOLD PRODUCTION OF THE WORLD


by 9'ea III ofueI 10 arrive AZ
may De asc-i'h
utpyne the numb OF by i2T8
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
Franchise.


franchise is privilege to operate
and do business secured by corporation
prior 10 beginning operations. franchise
may bc perpetual or limited. and in tins
respect it Is important to learn before
purchasing tho bonds OF corporation
operating under a franchise whether the
franchise extends beyond the period OF
term OF the mortgage against which the
bonds have boon issued. Street railway
companies. public utility organizations
such as gas, electric. water, etc, are
Obliged to secure franchises from the
municipalities and districts In which they
operate. and in these days, when munich
pal ownership is agtatcd, long time or
perpetual franchise which has few re-
strlctions Is "A very valuable asset
Guarantee by Endorsement.
guarantee is form Of protection
which has been undertaken by corpora
ton to insure tho payment of interest
aud principal Of another corporation s. OBJ
legations in the event OF the latter falling
To- meet its payments Railroads among
the big systems fr squcutly undertake To
insure the payment OF principal and IN
terest on tho bonds and sometimes pre-
fcrrcd stocks OF smaller leased lines. An
issue OF bonds may be guaranteed ~
various ways. The principal OF tho bond
may be guaranteed ony. or the interest
may simply be- guaranteed. or both prin-
cipal and Interest may bc guaranteed
Tho mere fact that tho bonds or obllga-
tons OF a railroad corporation or oth'r
CORPORATION arc guaranteed by some oth'r
CORPORATION docs not always mean that TN"
bonds or securities guaranteed ar" good
investments II is not wise 10 Judge
bond on this basis. but tho stability "i
tho issuing company should BE- carefully
examined. and n It's condition and assets
do not seem 10 Do sufficient 20 insure th"
paymcnt Of us obligations without calilnS
on the guaranteeing company 10 is not
tho part or wisdom 20 consider such bonds
as other than speculative issues and they
should not be looked on - reliable M
v.stmcnts II is also wise 10 Tcad tho
form 81 the guaranty very carefully ana
learn under what provisions and supula-
lions the guaranty has been given as
sometimes the guaranty may not be OF
much value.
90 bo continued Nonday. June 7o'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
COPPER STATISTICS.
corrcr produc.rs AssocIstIon figures az Of


all kinds OF rails United states
DOT
resulh
r,e totaI and exported;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
Fixed Charges.

There is distinction between fixed
charges" and the general expense OF
corporation. Usually fixed charges in
clude the interest on the bonds and the
floating debt sinking fund, rentals. taxes
and insurance. Railroad corporations gen
orally include insurance under the item OF
general expenses" aud sometimes the
sinking fund is classified under a separate
head However. unless rentals. taxes and
insurance arc included in the operating
expenses of the company they should be
put under the heading OF fixed charges.
Some accountants classify fixed charges
as bond interest taxes and rental. while
others include sinking fund and the fire
insurance The percentage Of hNcd
charges OF a corporation if run on a con-
scrvativc basis should exceed little above
~ per cent oil the net earnings as this
allows for decrease in earnings duTins
unfavorablc years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23
FINANCE & INVESTMENT
Fiscal Year.
(THIRTY-THIRD ARTICLEl
BY Marc Nj. Reynolds.

The fiscal year differs from the calendar
year in the respect that fiscal year
may run a period Of twelve months be-
ginning with any month in the year
while the calendar year always begins
with January a fiscal year, therefore IS
any period OF twelve months at the cnd
of which n firm. corporation or munich
pality may close its books to examine into
and determine its financial condition.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23

NOTICE Is HEREBY GIVEN that Vol
ING TRUST CERTIFICATES REPRE-
sENTING PREFERRED AND COMMON
STOCK OF THE ALLiS-CHALMEhs
MANUFACrURING COMPANY, distribute
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-23

JAMES y. WALLACE,
CHARLES W. cox,
ALEXANDER j. HEMPHILL.
u. WALTER LEIGH.
JOHN n. McCLEMENT.
". EMLEN ROOSEVELT.
FRED NOGEL, JR.,
Reorganization Committee.
FRANKLIN l.. BtBCoCk. Secretary.
- Wall street New York city
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-30

A patient young angler was dill
gently plying his rod and line.
do you know howled the irate
owner, appearing on the scene. that
you are fishing in forbidden water?
Yes, sir, preserved water. And per
haps you will allow me to inform you
that I have been to considerable ex-
peuse in well stocking it with fish
"Ah, yes" exclaimed the angler,
languidly And with what fish, may
l ask, have you so literally replenish-
ell the stream"
with roach sir, my favorite fish. %
"Ah, well, then, in that case" bland
~ observed the youth. there's no need
for you to worry further, for l am fish
ing for trout"
\ quack doctor was holding forth
about his medicines" to a rural audi
ence
Yes, gentlemen" he said. Il have
sold these pills for over twenty-five
years and never heard a word Of com
plaint Now what does that prove?'
From a voice in the crowd came:
THAT dead men tell no tales?"