davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
COSTLY TO B. & O.
Earlier Gains Changed to Loss
of S352.440 in March.

There was unusual interest in the puo-
LEGATION of the earnings OF the Baltimore
g. Ohio Railroad Company for March
yeste rday. as this is the first statement
Of any of the roads operating IN the
Ohio and Indiana flood district 10 cover
part of the time since the disaster. The
road mas been reporting gains in gross
earnings OF 10000 TO 100000 month";
but March returned a decrease of s252.4p.
The net revenues of Sl,522.599 compare
with s2.5s2o 90 for March year ago, or a
loss Of 81 Goa. i53. Had it not been for the
food. 1t was estimated that the net gaia
for the month would have been close 10
$4,000
Operating expenses increased SSIOs'
but they were not the most important re-
suit OF the floods. az the Baltimore q
Ohio's expenses have been increasing
considerably this year, largely on account
Of heavier maintenance costs. Trans
porlation expenses increased s232,5A, while
maintenance OF way and equipment in
creased siJ79H
For the nine months Of the company >
fiscal year. which ends on June %. the
gross earnings were sb.oo5,os9, an IN
crease Of s7.56Ss59. Net before taxes was
s21. 1925 a gain of 1881 go. OF the 1856, %
g7S increase in expenses. transportation
was responsible for 81, 1908 maintenance
of way S2.Oi67l9. and maintenance or
equipment Sl,l75.in.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
NEW YORK CURB.

Speculation in the curb market yestep
day was on a moderate scale, with ~
general tone firm The Standard Oil sui -
salaries showed q further upward to A.
dency on a light buying movement. r NJ
advances, however, ranged from 40 )ut
to points. In other industrals 3 rii 70
isn-American Tobacco developed csr std
cradle activity at the outset az an i'm
provement of g: United Cigar Stc- IS Of
America after a show of tirmness, eased
off. IntercOntinental Rubber dcp Hoped
slightly more activity at an improT emcnt
of = The copper stocks were irr sgular.
Notwithstanding the frmer tone in the
metal. Greene-Cananea showed enewed
weakness on the expectation Of the de-
terring OF the dividend. There va slight
~ more animation in bonds. ~ aw York
city 42s, after touching a new low rec
ord, recovered slightly. Westef n Pacific
os were heavy. New YORK cen tral per
cent notes were strong and in demand
Transactions In the Nevada 8 .ocks were
on a small scale, with prices In general
reactionary. Tonopah MergeJ eased of
from the opening at CSC 10 "a &C, and Jim
Butler from 81 l5ts TO 81 09S. West End
dipped from si5s 20 81 9-l6, and Halifax
Star dropped two points on I he day sell
ing at 37iac at the close, and Midway sold
AZ SIC TO sc. Tonopah EXtg aston was off
10 s. p. and Manhattan Big Four sold az
sc. Mizpah Extension w as traded In
from Sic to &c. and Resc ie Eula from
PIC 10 l9c. Nevada Hills sr owed strength
al 81 3-i6 and Belmont hel at s69s
Sales of Atlanta were re corded at BIC
and Merger Mines az &c. Jumbo Exten-
sion changed hands from &c TO &c
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
COTTON MILLS FINANCING
More Cash than First Provided
For Found Necessary.

5. Davies Wariield, who has been neso'
tiating the refinancing Of the Interna-
tional Cotton Mills Corporation, an
nounced yesterday in Baltimore the essen
tial features of the new plan. He said IL
became necessary to modify the original
plan. as more cash than was provided for
in accordance with its terms was found TO
be necessary The original idea was to
raise approximately s5,675,0o0 cash.
The plan now provides that the new
company will receive approximately 81
$4,000 from bankers and the preferred
stock syndicate. The present stockholders
will have a prior right to purchase the
preferred stock. The new capital will be
obtained through the sale Of 100000 hve-
year per cent notes of the new company.
100000 per cent cumulative preferred
stock and an equal amount Of common
stock 100000 per cent cumulative pre-
fcrred stock Of the ]. Spencer Turner
Company and 10000 as the proceeds Of
tho purchase by the bankers Of certain
securities now owned by the Interna-
-tional corporation.
The bankers are Blair & Co. and Lee,
Higginson & Co., and the managers OF
the preferred stock syndicate are Robert
f. Herrick and Edwin F. Greene, of Bos-
ton.
The modified plan will produce approx
mately $1,2500OO more cash than the origi-
nal one and will involve 100000 less
capitalization.
The modified plan gives to the preferred
and common stockholders OF the present
International Cotton Mills Corporation
the opportunity TO secure all the preferred
stock issued by the new company, with
the exception of 1900 shares to be paid
to the bankers and managers Of the pre-
ferred stock syndicate for their services.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
NO TRUST co. MERGER
Financial District Discredits
Union of Nine Concerns.

Little was known in the financial dis
trtct yesterday Of plan reported to be
under way for a merger of nine trust
companies Of this city. The officials OF
the institutions mentioned in the report
denied that they had been approached in
regard 10 such a consolidation and char
acterized the scheme as impracticable at
this time.
The nine institutions said TO be included
In the deal are the Fidelity Trust Com
pany, the Mutual Alliance Trust Com
pany. the Lincoln Trust Company. the
Commercial! Trust Company. the Hudson
Trust Company. the Washington Trust
Company, the Fulton Trust Company, the
Metropolitan Trust Company and the
United States Mortgage and Trust Com
pany.
1t was said at the offices of the Metro
politan Trust Company that the question
of merging with other trust companies or
the city had been suggested. but that IL
had not received serious consideration.
Henry w Swords. president OF the Ful-
ton Trust Company, also denied that his
institution had contemplated entering
such a merger.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
1HE METAL MARKETS.

o1oprp-Tbe local street market for
nr mas steady, with lake quoted 157s
tIn, roI,,,ic i5.c and casting. 1otsc. Stand.
arc coppe ,,Ied with spot. April. May and
ana vi. is zoe asked. In London copper
June az ~ M f67 ISIS Cd for spot, and fos
az 90 Cor futures. Arrivals OF copper az
New YORK mus far %. o36 tons.
TOT tne nu,e, and easy; spot and April.
a s5S, 50 Zoe: May. 80 s7,s a 80. 9oe June; y
fs."' y ordon tin closed steady al
w. .Jo 70 spot and f22S los for futures.
- i"s t-irn and higher, with New YORK
;ps saa slH ea ard eo ssi' : I9 los 'v
9.fVe; ,,-.1,ruDull: New York spot 5.5Oc bid
M sPE East 81 Louis, 5.a5c bid. London spell
ter, f25 los. w.r,ants eps. Locally
lHON- s,eady. with 10 / foundry North
er Dn si4 50 SIS; Nc M nsiss ''' NO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
JUDGES ADVISE COUNSEL
Suggest Points in Paclic
Merger Dissolution.

81 Paul. April Suggestion concern
ing the dissolution OF the Onion Pacific
Southern Pacific merger with regard TO
the plan Informally presented by Robert
: Iovett. representing the Union Pacihc
made by United States Circuit Judges
Walter #. Sanborn. William G. Hook and
Walter l. Smith TO Mr.. Lovett were made
public to-day The statement says.
Circuit Court Judges Sanborn. HOOK
and Smith are not concerning themselves
regarding the sale Of Central Pacinc
stock as this phase Of the situation was
not mentioned in tho tentative plan put
are confining their attention to the dis-
nosjtion of the Sl26, 5000 OF Southern IA
cifjc stock which is now uniawfuily held
by the Union Pacific Railroad Company.
..The following suggestions have been
submitted by the judges 10 counsel for
the Union Pacific and also 10 District Al
tornev Houpt Of ST. Paul. representing
tho government for Attorney General Nc
REYNOLDS. as a guidance in future DISCO
luton plans.
" ANY plan for disposins OF the Sl2o'
ESQ. Oo0 Of Southern stock owned ny tho
I
gard 10 the amount Of Southern facMlc
Stock already owned by Union taclnc
stockholders so that the present noldlnSs
of these stockholders as BODY shal not
nv the affirmative action OF thls coui :,
he increased TO the point OF pracucal
control of the competing company.
80 IN the memorandum OF March y
1qi2 submitted by counsel for the Union
Pacific company, To a very large extent
the 1900 Individual Stockholders OF the
Union Pacific are also included among
The loo stockholders Of the Southern
Pacific company D..
80 II was ntimated al time when II
,pas supposed that Union PACING stock
holders did not hold more than SO,vOoV"'
OF the stock Of the Southern Pacihc com
many that not more than s4JOU,VW or the
southern stock should be transferred 10
fTnion Pacific stockholders. IL now APP
nears that the stock books of the two
cornnanies of t'chr.ary, 1913, show that
A 10 T-uion Pacific stockholders also own
Sao ts2 40 OF Southern Pacific stock ex-
elusive of the Slz6.550.00o Of stock involved
in This suit Among these 4.4p stOckhold-
orc are brokerage concerns whose prin-
cinals are undisclosed. but II they were
oYciuded the fact would still remain that
individual Union Pacific stockholders own
- verv large amount of Southern Pacific
stock.
ON view of these facts II seems that
the DISPOSITION OF as much as A0o00.Jo0 OF
southern Pacific. with voting power. TO
The stockholders OF the Union Pacific com
many might give practical control Of that
conpany to Union Pacific stockholders.
and The question of what amount, If any.
:, tho Southern Pacific may be safely
,ransferred to them is suggested for an
argument and considefatioh
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
OPEN DOOR IN LOCAL CHINA
Government Will Try to End
Limoges Congestion.

Washington. April - The government
will attempt tomorrow 10 settle the con
troversy with France over the American
method Of assessing duty on Limoges
china Secretary McAdoo OF the Treasury
Department is expected 10 approve the
recommendations Of charges put forward
By a Treasury commission 70 meet the
protests OF the French Ambassador.
The revised plan is designed 10 relieve
tho china congestion i'm New York whore
a great quantity OF the Limoges product
Is said 20 be awaiting admission OF re-
lection under the elaborate technical
scheme of assessment 10 which France
HIS nnlnotcd.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
POOR LEATHER BUSINESS
alde and Leather Reports Deficit
Of S120.332 Last Quarter.

Inc net earnings of the American dioe
"ao Leather Company for the quarter
saded March 81 were s45,O43. a decrease
" slS4,711 as compared with the quar-
% OF the previous year. From this sum
''so.s75 was written off for deductions
ss'ing deficit of S120,S32. From jury
10 March 81 the companys surplus
Walled s2s6.7SG. gain OF slse1O2.
VI regard to the poor showing OF Mafch
NE directors called attention TO the fact
sdl the leather business was subject 10
atse fluctuations. the effect Of when -
@seiy to be more pronounced In quarterly
'Aternents than in those covering more
Atenda period
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
BUSINESS REVE-RSES.

LOUIS EHRENBERG-Schc6 Of Louis
Ehrcnberg. fruit and produce commission ii'r
avenue, show Liabilities Of sRr434 and no
assets. .
MAX LITOwICH Max Iitowich. jobbcr IN
wall paper, AT No. 2Uug Third avenue. mao
was also filed against MIN by Samuel i.u
hinsky a creditor for $500. JUDGE HAhet
appointed Jcssc :. Epstein rn'eiNei' puhI
5000 with authority 20 contlrue DusinesS
twenty DAYS Liabilities are >2JtHr ana AS
SETS 5000 He has been IN nusisess t"rh'. -
six years.
FRANCENIA NJ. FCLTON-Jud;e MAYER has
confirmed composition OF FRA, ,enia NJ tui-
ton. dealer in women's appa"L a, Non, NON,
cello. y y. with her creditors a. t"ehi!
cents On the dollar. Liabilities. Sf5,Gi3.
ANOUN MIS- UNDER $1,000.
EXCLUSIVE ADVERTISING ooMPAN y
The Exclusive Advertising Company, OF No.
West tooth street. formerly a. 10 ~
Broadway. aled a petition with liabilities ~
jJs9 and assets ~ $40
FRIEDRICH REMONDlNO-A petition il1 d
against Frederic Reinondino, shs.i az ~"
2g7 Bleecker street; liabilities. >".p, ana
assets $500 Judge Hazel appointed EDWARD
r Rayhor receiver. bond 500. with authority
20 continue business Ten days
EIZMAN & JCRMAN-judge Mayer has
appointed John ". Re-ner rece0cr for Pel
man 4 Jurman. manufacturers a. human har
goods ar 40 ~ East iOtr street bond >bOo,
liabilities are $500, and assciF $1,000
FEINSTEIN d COHN Judge Hazel has ap-
pointed Israel H. ZinOvoy reccrer FOR Fcin-
stein & Conn. cloak nanufa1 rurers az No.
20 West 18th street. bond 500
HANOVER GLASS BfN kbLNG AND NIX
ROR COMPANY. 1NC.--Thc Hanover Glass
Beveiing and Mirror Company. Inc. or 40.
40 West Broadway. has made ar assignment
10 Leon Wasserman. Louis Godschmidt ~
president.
liner 81 No 3g5 Fifh avenue has made an
Charles HANDY. fT.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
STOCKS IN OTHER CITIES.
CHICAGO STOCKS.

Chicago, April 1.-The market in local
securities was comparatively dull to-day,
although nrmer tone prevailed, bring
ing small advances to the shares of Mont
gomery Ward Sears Roebuck common,
Chicago Railways. Series J, American can
preferred. Swifts and United States Steei
common. The unchanged group included
Quaker oats preferred. Diamond Match.
Chicago Railways, Series 8. American Can
and StudeDaher common issues. Quaker
oats common, Illinois Brick and Chicago
Railways. Series , furnished the declines.
Business in bonds remained light and
prices ruled for the most part steady, the
only changes being fractional declines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23

Liverpool cables: spot, fair business doing
sales : 600 bales: speculation and export. 900
American. 1000. imports. 1000; American. b
600 Mlddling upland. esd Futures opened
quiet. 1alia points higher; closed easy az a
net decline OF 3p3ls points. APRIL 6.52sd;
April-May. 6.lgd May-June, l2d, June
JULY. 6 41d: July-AuGust. g. 43d. August Sep
tenber. 9 I'D: eptemoer-October. SOD: Oc-
tobor-November. d I'D November-December
o % I'D: December-January. BO73-d; January
February. G.O6Sd; February March 6O73sd;
March-April 6.Osd Manchester-fa arms quiet;
cloths a fair bnsness doing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
PUBLIC UTILITY NOTES.
Virginia Railway and Power.

The report Of the Virginia Railway and
Power Company for March shows gross
earnings of $396.5A. as compared with
1921 for March OF 1912 an increase Of
S4922; net earnings for the month
amounted TO slS7l69 as against Sl677ei, a
gain of s29.376 over last March. Surplus
after taxes and other charges amounted
to $500 as compared with S53.969 an in
crease OF s2i033. The report for the nine
months ended March 81. 1919. shows net
earnings OF N.Sl6.59l and surplus after
charges of S762, sos, a eain in the latter OF
Sl74.slo as compared with the same Pc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
CHICAGO GRAIN AND PROVISIONS

Chicago. April - Refutation of the south
western CROP scare reports which caused a
rise In wheat yesterday. TO-DAY Drought
the TACT that big buyers seemed 10 have all
the wheat they wanted. Closing prices were
marI.,s were. Corn "A shade TO sd4c;
oats Y 10 !. cents: provisions, unchanged
10 17i.c on Range OF prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
EXPORT FIGURES.

The exports of merchandise from the
port Of New York, as ofiicially reported at
The Custom House for the week ended
April 10 are estimated at 81, ,26i, against
81, 85s.564 i'm the previous week and Sls.-
2a4.T in the correspo ldhg week lass year.
Since January 1913. 30. 1873. against sos
269 612 in the corresponding period of 1912:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
BOND DOTS.

H. w. Slick. City Treasurer Of Johns
town. Cambria County, Penn, will receive
proposals until noon on May for $1,000
per cent 1870 year option coupon Haynes
street bridge bonds. denomination $1,000
and dated July /, 1912. Accrued interest
to he paid by the purchaser
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

4 sign OF caution L. shown IN the state
ment Of Canadian banks for the month
of March Nearly S23.00o.000 was added
90 their total assets during the month.
while commercial loans were increased
only IS. f00720. as compared with an in
crease of 500. 900. 600 in March. 1912. Ca
madam banks reduced their loans on call
in New York about S24.0Oo.0O and de-
creased their domestic loans about $780,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23

Total receipts of the North Butte Min
ing Company FOR the year ended Deem
Der 81. 1912. amounted TO s5,l20.esl: operat-
ing expenses. SS.4i95O8 net profit. $500
us: dividends paid. 5000 and surplus
OF ss7S.7ls For 1871 the surplus was $l49.-
s5S: for 1910, sil4.SsS, and in 1893 there was
q deficit of 1865 695. Net profits in 1912
were equal to AT a share, as compared
with 81 SO In 1911. 81 Ss in 1910 and Sc 70 in
1909.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
ITEMS Of WALL STREET
Transactions for foreign account on the
Stock Exchange yesterday did not ex-
coed 5000 shares. and were about evenly
divided between purchases and sales.


Dividends have been declared as fol-
lows:
Cobalt Lake Company, pa per cent and Z
per cent extra
Brazilian Traction. Light and Power Com
May 20.
J. G. Brill Company. regular quarterly OF
/ = per cent on the preferred stock, payapie
May 10 stock Of record April -. a.,
Everett Mills. regular semi-annual dNl-
dend Of per cent. payable MAY 20 stock
American Exchange National Bank resu-
lar semi-an1ual OF > per cent, payable May
to stock q record April % n nor
Nevada Wonder Mining Company. 10 per
cent. payable May 20 TO stock oil recor"
~ per cent on its preferred stock, payable
Directors Of the Algomah Copper Com
psnv have levied 81 assessment psyaose
June iG on stock OF record June "a.
William Nav Wright has been elected
member Of the New York Stock FIX
change.
The American Smelling and Refining
Company has advanced the price of lead
from 81 90 to 81 80 for 100 pounds.
At a meeting Of stockholders OF the
American Type Founders Company yes
terday the proposition 10 increase the
preferred stock from 100000 TO $4,000
was unanimously carried.
The report Of the Wheeling q Lake
, Erie Railroad for March shows gross OPP
Grating revenue Of Si64.03l. a decrease or
s2l6.5l2. as compared with last Mar'h
Not operating revenue amounted 10 go
1i2. decrease Of slSS.276. For the nine
months ended March 81 there was a gross
OF s59iJ.37J, an increase OF sSHlol, and
net revenue amounted to Sl.SSo1so, a gain
of $500
Coal anG coke carried on the Pennsyl-
wanna Railroad Company's lines east Of
Pittsburgh and Erie for March are as
follows: Anthracite. IN 200 tons. a de-
crease OF 500 767 tons: bituminous. 4O50.27
tors a decrease OF al, 4e5 tons, and coke
l2i7.4J; tons. an increase OF 80 40 tons;
total 603Se07 tons. z decrease Of 15l.S24
tons
Tie report Of the Central Leather Com
| pauy FOR the quarter ended March 81
1913. shows earnings after expenses OF
g. 90 a gain Of S20s.97S over the first
quarter of 1912. Net income amounted 10
| 81. 2S6.llO. an increase of s233. POI. and sur
plus after dividend was s7cS,S7s, a gain
OF S233.2Ol over the first three months Of
last year.
The Stock Exchange firm IF J. Edward
Alsstin 81 Co has removed 20 the fourth
floor 81 the Mills Building.
H. Raphael has been elected treasurer
OF the Central Leather Company 10 sue
cc,d George w. Plum.
Beverly Chew has been elected a dl-
rector Of the Atlantic Safe Deposit Com
pany, succeeding Brayton Ives, resigned.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23

Southern California Edison.

The business OF the Southern California
Edison Company has shown good inn
provement and the rapid growth OF the
company is indicated by the fact that II
has been necessary within the last two
years to increase generating capacity by
63 000-horsepower At present the general
ing plants now have total capacity OF
p. sOO-horsepower and the installation OF
the third turbine al Long Beach viii in
crease the capacity 10 49, Seo-horsepower
President John Z. Miller OF the company
estimates earnings for 1913 AZ about 5000
90 y year ago earnings for 1912 were
estimated by the board Of 81 $1,000 and
the actual figures amounted 10 little
more or S.237r1. At the close OF 1912
the company was in need OF new financ-
ing to strengthen us working balance, as
it's current liabilities were IN excess OF
current assets. IL is reported however
that the California Railroad Commission
had authorized the company to issue dur
inc 1913 s.. 10000 Of general mortgage .
per cent bonds This will place the COM
pany IN a satisfactory working position.
The report for the year ended December
81. 1912 showed satisfactory gains. After
meeting all expenses. charges. etc, in
Guiding $4,000 for depreciation. there was
left surplus sufficient 10 pay the regular
per cent dividend on the 100000 out
standing preferred stock and leave bal
ance equal 10 5.35 per cent on the IS i"o N"
outstanding common stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
BALTIMORE STOCKS.

FURNISHED by Middendort, Williams & CO, No
%.rrnan street Baltimoreb
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23

Mayer. Deppe & Walter. of Cincinnati,
were the successful bidders on April ID
for 10000 ) per cent 1874 year option
coupon site purchase and building bonds
OF Charleston. Charleston Independent
School District Kanawha County. W. Va
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
NEVADA QUOTATIONS..
TONOPAHS.

FURNISHED daily by Weir Bros. Co. No.
Broad street)
April 90 1915
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23
CURB ECHOES.

The Cobalt Lake Company has declared
a dividend OF 2l2 and IL per cent extra.
Those shareholders who have deposited
their stock in pursuance with the agree
ment made with the English syndicate
will receive dividends on that portion Of
the stock which has not yet been taken
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-23

The Iron Blossom is shipping copper
ore from its No. / workings and II Is
estimated that the output for the present
month will be about two hundred tons. At
this property. it is said, the best showing
is between the COO and 700 foot levels.
where there is a S-foot face which runs
anywhere from 70 II per cent