davidaulloa/AmericanStories huggingface dataset:
The day book. [volume] (Chicago, Ill.) 1911-1917, 1913-09-25

WANTS FEDERAL PROBE OF THE
PEoNAGE CONDITIONS
Calumet, Mich, Sept. 25.-Pres.
Meyer of the Western Federation of
Miners has based his request for a
federal investigation Of the copper
miners strike partly on the charge
that SO illiterate foreign immigrants
were brought into the district by the
Quincy Mining Co. and have worked
under conditions of virtual peonage.
Twenty of the immigrants import
ed in this manner quit work, but the
others are still being used as strike
breakers.
Legal proceedings were started by
the Copper Range Consolidated Co.
to evict striking miners from the
company's houses, and other COM
panies threaten to take similar action
before cold weather starts in. The
strike leaders declare this is an at
tempt to force the men to return to
work by forcing privations upon wo-
men and children and they state they
will fight eviction proceedings.
John L. Lewis of the mining de-
partment of the American Federation
of Labor will assist In directing the
miners campaign.
The day book. [volume] (Chicago, Ill.) 1911-1917, 1913-09-25

The Canadian Pacific Railway has
been in need Of so many new dining
cars that for the first time in years
it has been unable to supply the de-
mand in its own shops, and has been
obliged to order the new cars from
the United States.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
EXCHANGE ELECTION FIGHT
Committee Requests Support
for the Regular Ticket.

Copies OF a minute were sent yesterday
to the members Of the Stock Exchange by
a special committee consisting of Lucus
Oppenheim, Philip NJ Lydis and Thomas
T. Woodlock. asking them to support the
nominations made by the regular nomi-
mating committee at the annual meeting
next Monday. The minute reads as fol
lows:
Acting on the mandate Of tho ex-
change. which was Overwhelmingly eN-
pressed al the last election. the nominal
ing committee has presented the regular
nominations for governors TO be elected
this month Every effort was made 40
secure the views Of all the members. and
the nominating committee has presented
the ticket which, To the best Of its abil-
ity. expresses the wishes Of the majority
of the members Of the exchange. In Op-
position to the regular nominations. an in
dependent ticket has been named which
renominatos all Of the retiring governors
This is a. direct challenge of the new
method of making nominations. and We
therefore call for the support of the reg
Uiar ticket on exactly the same grounds
on which we asked for the election of the
present nominating committee last year
Members Of the exchange state that the
contest which will be waGed between the
two factions on Monday will not DE an
acrimonious one.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
U. P. GETS UNTIL JULY !
Latest Supreme Court Decision
Victory for Government.

Washington, MAY THE supreme
Court to-day extended the time in which
the Union Pacific Railroad Company
must dispose OF its 4G per cent in the
Southern Pacific stock from May i TO
July !. thus only partly complying with
the request of the Union Pacific attorneys
for Am indefinite extension of time.
THE general effect Of the decision Is 4
victory for the federal government At
torncv General McRcynolds opposed an
extension longer than July /.
The request for extension was inaue
bv the railroad attorneys when II became
a1uareut that the circuit judges sitting
as the District Court Of Utah would not
be able i'm the allotted time to pass on
the dissolution plan recently submitted
The attorneys requested an indefinite eN-
tension. . -,
The sale Of the stock by the Union Pa
cinc was made necessary on December 2,
1912 when the Supreme Court decided that
lis ownership by the Union Pacific ci-
fcctcd a combination with the southern
Pacific. a competing road. in violation or
the Sherman antitrust law. The court
gave the Union Pacific until May y 10
dispose OF it's holding
No opinion was announced by the Su-
promo Court explaining its action. CHIEF
Justice White merely made the announce
ment Of the course the court had deter
mined upon.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
F0RESEES HIGHER RATES
Samuel Rea Says Roads Must
Get More for Freight.

Pittsburgh. May 5.-Speaking at n
luncheon rendered to him to-day by the
Pittsburgh Chamber of Commerce Samuel
Rea president of the Pennsylvania Rail
road. forecast general increase in
freight rates.
I'VE find it most difficult for the rail-
roads to raise money for improvements,
and there is little light ahead said Mr..
Rea. I'VE are asking no favors. All we
want is fair play The Eastern divisions
of the Pennsylvania Railroad are making
less than per cent on their investment.
Consider the amount Of money involved
and the small return OF As per cent. If
the company had not been properly man
aged IT would not be paying even TINS
small return. We are therefore Obliged
10 look forward to a general and mod
crate increase i'm rates. The recent Hoods
have cost us $4,000 which amount has
been a cash outlay. We must rely on the
support Of the public 10 secure the in
crease in rates which. it is clear. we need.
I'VE do not know whether the govern
ment valuation of railroad properties Is
to be used for purposes Of taxation, for
purchase by the government, or to assist
in the regulation of rates. but we do know
that the law has been passed. the work
is about to be undertaken, and mat We
propose To assist the Interstate Commerce
Commission in its mighty task. How We
are going To trace back the cost Of the
system to its beginning and how We are
going to get at the present value form a
problem worthy of the best efforts of the
strongest minds. There are AT present
i'm this country between Sl5.cCooooro and
$l6G0o0O.CO0 worth Of railroads.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
NEW YORK CURE.

While a generally strong tone devel-
opcd i'm the curb market yesterday trad
ing as whole was comparatively quiet
and conf o.. so far as activity was con-
cerned. the lower priced mining is
sues, the fonopah stocks furnishing the
bulk of the dealings under the lead OF
North star which opened up over night
at "A sharp advance of 20 cents, Subst-
quently selling off about half on proht
taking. Other mining issues were iTac-
tiOnally better especially rev OF tn'
copper stocks on the stronger tone n
the metal The Standard on Supslal-
aries were materially better, Nebraska
moving up more than 20 points ana NtW
York about ID points The nlted ISL
stores OF America advanced Ia. Britsh-
American Tobacco was up q. Mammalian
Transit cased of slightly.
The opening transactions IN North StaI
recalled the boom days of Tonopah
stocks. when prices were soaring dail!
Star closed Saturday on the curb AZ blc
and opened yesterday at Sic. gam OF
Il points between sessions w estetn
and local brokers were ia the MAJ ht'
with huge orders, ana the STOCK con-
uuucd 90 climb uU 20 sales al H|c before
the demand was satisfied. At one time
the Tonopah stocks commanded the az
teution OF the majority OF the cuip
brokers. Profit taking appeared ar 'V''
and the market easrd OF 90 soc al th"
close Tonopah Extension assumed some
strength at So. and Belmont moved up
tp g. 15 Rescue Eula Jumped from &c
90 -5c and GYPSY Queen Go sales az it.
TouOuah Merger held firm 40 81 and Jim
Butler ~ &c. Midway sold al BE ana
Mizpah Extension 40 zoe. The turnover
Don Touopah stocks during the da} was 30
the ueighnOIuOOd OF IUu.unu shares. Sc
,4d. Hlls was steady at 81 l-lG. The
Goldfeld group was strong. with Atlanta
4l.c biu and Merger Mines a. --c go
22r The market closed quite firm.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
THE COTTON MARKET
Quiet and Irregular, Closing at
a Decline.

There was nothing particularly exciting
about the cotton market yesterday. the
general prevailing influence being bear-h,
and with some irregularity I'm the huctua-
lions the close was steady al net uu-
changed 20 points down. There was
caution shown in the matter
OF selling on declines. and late trade buy
ing by spot houses of the near months
caused renewed fears Of an end-of-the-sea-
son squeeze. The market opened barely
steady at decline Of TO points In re-
sponse To disappointing cables. European
political news was considered reassur-
Ing. but private cables from Liverpool re-
ported scattering nea,- month liquidation,
resulting from the circulation OF notices
for about 1000 bales. and sentiment here
was bearish ON reports OF good rains in
the Southwest and bearish private crop
accounts. There was considerable de
mand by houses with foreign connections
supposedly on the differences. but prices
cased off until the market showed net
loss OF some to 10 points. This carried
the active months back to within or :
points OF the low levels of last week, and
attracted "A good deal of realizing by re-
cent sellers. At any rate, the market
steadied up and the close was within a
point or two of the best, with the old crop
relatively firm. Southern spot markets
were unchanged 70 sc lower, and the
local market held quiet at ll.&c for mid
ding upland; sales. 2,lO0 bales; delivered
on contract. 800 bales. Local contract
prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
GOLD EXPORTS RESUMED
100000 Going by o-day' s
Steamer for Paris.

The third gold export movement 90
Paris this year began yesterday with an
engagement by Lazard Freres of S-,oo0.0)
on to-day's sttamcr This is the first
gold shipment to take place since March
IS. Up TO that time $230W.0l0 had been
sent TO Paris, SO that the present en-
gavement makes a total OF $25co)ooo taken
al the French capital this year.
The first gold movement TO France this
year began on January 7 and ended with
the close OF that month with a total en-
pagement Of Sll.00000. After a lapse Of
two months the movement started again
and the second consignment took &2Op.-
90. Now. exactly two months later, the
third movement begins. and il is expected
that a like amount Will go abroad.
Foreign exchange is more than q cent in
the pound sterling lower than two months
ago. except that the quotation Of francs
is about on a par with the market at the
time of the Inauguration Of the previous
movement.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06

Passing Of Preferred Dividend
Due to Unusual Competition

The international Steam Pump Com
pany yesterday issued the following state
inent concerning the conditions leading
to the recent passing of the dividend on
the preferred stock.
Attention has been called to the az
fairs of the international Steam Pump
Company because. for the first time since
it's organization I'm 1899 the payment of
the dividend ON its preferred stock has
toen passed. Much of this comment j.
50 unfouuIed and so misleading to hold
ers of the company's curiues that some
brief statement is deemed appropriate.
Temporary conditions, due to unusual
competition. greatly impaired the earn
ings of the company during the last fiscal
year. Nevertheless. the company kept its
organization and plants up to standard
and maintained It's volume Of business.
"The company has rigidly adhered TO
its policy of promptly meeting all its
current obligations. and its present earn
ings are well i'm excess of ali require
ments for fixed charges and dividends on
the preferred stocks Of subsidiary COM
panies
Important economies have recently
been effected. resulting in the saving Of
upward Of $4,000 a year. This will be
followed hy further substantial progress
i'm the same direction.
"The directors of the international
Steam Pump Company have not yet elect
ed a successor 10 W. 3. Dickson who re-
Gently resigned as president, but have
adopted a resolution comforting the au-
thority of the office on William Guggcn-
helm Reports that REORGANIZATION of
the company is in contemplation are otii-
ciallN dnnind.'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
STOCKS IN OTHER CITIES
CHICAGO STOCKS.

Chicago May 5.-Fair advances made by
many of the leading shares furnished a
stronger tone in to-day's market on the
local Stock Exchange. although the vol
ume of trading did not reach large pro-
portions. Gains Of 1G1l2 points occurred
in the shares of Peoples Gas. Sears-Roe-
buck common, Diamond Match American
Can common. Union Carbide and Com
monwealth Edison. while United States
Steel common. Hart, Schaffner & Marx
and American Can preferred were lifted
fractionally; Swift, Chicago Railways
certificates Booth preferred Chicago
Title and Trust and Studebaker common
ruled unchanged. Declines of l% points
in American Shipbuilding preferred and
of ~ points in Public Service furnished
practically the only weak spots on the
list
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
ANACONDA EARNINGS LARGE
Gross Revenues for 1912
Amounted to S52,918,000.

Gross revenues Of the Anaconda Cop
p' Company during 1912. as shown by
Us annual report. issued yesterday. We're
S2slSO00, as compared with S39.547. 600
N 1911 and s32.9SS, 900 I'm 1910. The
years surplus applicable TO dividends
amounted to sl5,S56.335, and is equal 10
"" a share on the company's A332.59O
'osfss OF stock outstanding. as COM
!siso with SIS earned on the same
sisa uuilng the previous year At the
e,ose Of 1871 a deficit of S565.032 was
,,.ysh after the payment of dividends.
Ne year the surplus after dividends
az NE report 10 the stockholders Pres
..r o. 8 Ihayer said iu part:
van. ~ mines and reduction works Of
nv company were operated without
We. .n0us interruptions throughout the
c,s is eni IN consequence the tonnage of
Ar Ssste from the mines and treated
he ,,,suecuon works was greater and
N-sput OF copper cOrrespOndingly
~ Than for several wears previous.
Ia, ,JSonuiliCn was made possible by the
,ns f.iaa . me weather during the spring
MA a.i OF tne year 1912 was remarka bly,
ron al. anu there was but little trouble
h, ne freezing Of ore in transit and
-Fs-,S ue!ays IN TRANSPORTATION.
irrro,-.sss IN me year there was a marked
rs,sI essht IN The price Of the copper
isslir, ''iu as prices advanced a general
hhor eeNei0ped on the part of the
ns izauons throughout the min
er,ici,eOlhas OF the United States that q
byei ~, t .S IN the greater profits en-
"a ,hs.s, we companies should be grant
Nage scsi "a me form Of an increased
cord wiz .. our company was I'm ac-
ton,rac, ms belief, and a three-year
Butte A,,nas entered into between the
rsw,ytr Mining COMPANY wherein in vas
va asY agreed that when the monthly
nd ovs~ - IoiyuC copper is 15 cents
q an - ana under I Z cents the wages
y lncrassn employed underground shall
I'm vscseu % cents above the mimi
shsn ~ scale Of s. 30 a day: and that
trtr tbe P.lce or copper is Z cents and
af1 shsn @ose scale for underground
stis A.. oe increased an additional -
"a Re -, lhe agreement being such
a7tsporSinn Is automatic, and that
BASED lung reductions I'm the ln-
= prio, "age scale will take place when
rs nsr,1 "a copper falls below the fig
~ on I'm. hese contracts will eX-
9lpanv a., 40 uone IN the mines of yodr
ff,s. cr esa.ng the year. in the form OF
,1i's. 2ai ti,,s' unralSes. wines and
~ lsrgo H .les OF development work
" anonn, mage OF ore i'm excess OF
- reserves. 0'eu was added 10 The
s're snn lSeiis OF the different properties
| 'tiihs ',n curing the year 10 additional
"sste2ating .72c foot
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
THE METAL MARKETS.

COPPER-Standard copper on the Metal
Exchange was Arm, with spot May Jun.
and Iuly quoted l5m 8 soc. The local street
market was strong. with lake quoted losc;
e;ectrolytic, f5Mc. and casting, l5sc. In
London the market for copper was also hrni
closing at 600 IS for spot and 100 for tut
ures Arrivals OF copper at New YORK yes
terday, 2.4l0 tons and exports for the month
thus far. SOL tons. ,-o
TTN-Firm spot and May, 4esonopc;
June. 40 ~ a soc; July. 4s.s7 \ q 40 Boo; ~
gust 4s25a4 s.75c. and September 4sW
as. soc Local sales OF tin were 80 tons. In
London tin closed easy at 1880 los for spot
and f222 for futures
York and at 420G 4 soc East st Louis. In
London lead was quoted at as IS.
SpFI.TER-Dull: New York spot, o.ooH
4 55c and East 1t Louis. 5.35 5.4oc. Lon
don spelter closed at f25 los.
IRON-Cleveland warrants. 6's I'd In Lon-
don Locally iron was quiet and unchanged.
at SIT SIT 10 for No l Northern: SIG -
a ST. % for No .: SlT 25m$l - for NO I
Southern, and si7msi7 so for No southern
soft,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
ITEMS Of WALL STREET
transactions for foreign account on the
Stock Exchange yesterday totalled about
5000 shares, mostly on the buying side
Dividends have been declared as 70

Dividends have been declared as fol-
lows:
Kings County Electric Light and Power
Company. regular quarterly Of per cent,
PAYABLE June . 20 stock OF record May II.
san Toy Mining Company, per cent pay
able MAY -
crescent Pipe Line. regular quarterly
81 90. payable June 10 to stock Of record
EasJ Mahoning Railroad. regular semi-an-
nual OF ~ per cent. payable June 10. 10
stock 81 record June >.
MAY department stores. regular quarterly
Of "a per cent. payable June TO stock OF
record May -
United American cigar Company. regular
quarterly OF -. per cent, payable May Is to
stock Of record April 30
The capitalization OF the Surbrug Com
pany has been increased from $4,000 to
100000. divided into $4,000 6 per cent
preferred stock and 10000 common stock.
The New York Central has ordered ia
locomotives from the American Locomo-
tive Company.
The American Smelling and Refining
Company has reduced the price Of lead
from $50 cents to 4.35 cents.
William Solomon & Co. and Louis Slcss
& co. are Offering $4,000 OF an author
lied issue of $4,000 one-year per cent
notes of the Pacific Light and Power
Company.
W. +. Wells, general manager OF the
Kings County Electric Company. has been
elected yice-president. to succeed W. W.
Freeman Daniel j. Green was elected a
DIRECTOR. to succeed the late s l.. Keency
Net earnings Of the Nevada Consoli-
dated Copper Company for the quarter
ended March 81 were $77S e2S as compared
with 81. 233. 76s for the same three months
of last year. The balance after dividends
and interest was g9.l5l. rs against Sis3,&,.
A deficit was shown from operations fer
the three months Of s22l1l7 as compared
with a surplus OF s2l2,i79 last year.
It is stated that the readiustment OF the
affairs Of the NJ Rumely Company has
been practically completed and that an
official statement regarding the matter
may be issued to-day.
Newman Erb expects to start the latter
part Of the week for an inspection trip
over the Minneapolis & St Louis and Ann
Arhor lines.
william A. Read x Co. announce the
removal Of their New York offices 10 the
northeast corner Of Nassau and Cedar
streets. in the Mutual Life Insurance
Building
T. is announced that the 10000 Inter
lake steamship Company first mortgage
per cent bonds have all been sold.
The Northern Pacific Railway Company
reports total operating revenue for March
of y5.usSA. am increase of $.9o,9-s, net
operating revenue amounted to S2o,S.z55,
"a gain of tl3L0i0; operating income for
the month was a705,o76. an Increase Of
$iSI4
4 cable dispatch from London yester-
day stated that the London reservation
Of the SI2.0oo.ooo four-year per cent cou-
pom gold notes OF tine United Fruit Com
pany was offered there Yesterday morn
ing by Ice Hlgginson q CO. The allot-
m,nt was heavily oyer-subscrbed. and
the list was closed within an hour Of i;s
opening The applicants will probably
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
poTHlER vEToes LEASE BILL.

Providence, May Ex-Governor Fothler
vetoed the bill which would have permit
ted the lease of the Southern New Eng
land Railroad TO the Central Vermont
Railway for a term Of ninety-nine years.
The Governor said that the terms of the
lease were not given and that he had
been advised that it would take the prop
erty of the proposed line out Of the con-
troll OF the state.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
PUBLIC UTILITY NOTES.

The Railroad Commission OF California
has put into effect new rules relative 10
the issue Of stock and bonds by corpora
tons under its jurisdiction which are
more stringent than those which have
been in force and call for much addi-
tional information. Corporations apply
ing for stock or bond issues must file an
itemized statement Of new issues Of stock
certificates mot transfer) for the years
1912 and 1911. giving certificate numbers.
the number OF shares covered thereby.
their par value and the date Of issue.
This statement must also include the net
cash realized from each certificate issued,
or. if Issues for consideration other
than cash. AN itemized description Of such
consideration
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
indianapolis G Dsiphia Traction.

A mortgage for 10000 has been filed
by the indianapolis & Delphia Traction
Company. IL is the purpose Of the com
pany To build an electric line from Carmel
TO Sheridan and Frankfort, Ind Con-
struction is to begin In a few weeks. and
the company Is arranging for trackage
rights from Carmel 20 indianapolis over
the lines OF the Indiana Union Traction
COMPANY.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
Commonwealth Power, Railway and
Light Company.

The report OF the Commonwealth Power.
Railway and Light Company for the
twelve months ended March 81, 1913. shows
gross earnings of 5000, 49, an increase Of
$4,000 over the corresponding period Of
last year; operating expenses increased
S0lOg. leaving net earnings for the year
of S2.8i232l a gain Of $il3,9l5 over the pre-
ceding twelve months. The surplus
amounted to S1.22SlOj, an increase Of
$lS5. $50. After paying $4,000 for preferred
dividends. there vas balance for the
common stock OF {S6S,1G. or ~ per cent.
on the outstanding issue Of Sl2,OJO,wD
The report for March. 1913, showed gain
in gross earnings OF $70,2J2 an increase
in operating expenses Of $27S9J and an
increase in net earnings of $i2.31G the
surplus for the month was $lOS,2 gain
Of Sl66 i3 ovtr March, 1912. There was an
Increase In interest charges for March OF
this year Of S25.7l4 as compared with last
March, due To the Issue of new securities
by underlying companies for extensions
and bctterments to their properties to
care for the largely increasing business.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
ADAMS MAY BUY L. |. EXPRESS

Rumors were current yesterday that
the Long Island Express Company had
been bought by the Adams Express Com
pany. At the office of the Long Island
Railroad II was said negotiations for such
a transaction had been under way for
some time but that the result would not
be known until tomorrow
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
Southern California Edison.

The California RAILROAD Commission has
received application from the Southern
California Edison Company for permits
sion 10 Issue 81 00O00 common stock. The
proceeds OF this sale are 10 be used to
redeem 1872 .0OO outstanding debentrres, to
discharge "A floating debt Of $4,000 and
10 pay FOR additions and betterments 10
ito DlautS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
United Gas Improvement.

Adylces from Philadelphia state that at
the annual meeting Of the United Gas
Improvement Company Samuel Il. Bodine
was reelected president and the old
board OF directors was reelected. with
the exception OF Emngham h. Morris
who was chosen TO succeed Clement A.
GriscOm deceased
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-05-06
CURB ECHOES.

The prairie oil and Gas Company. 4 is
expected, will shortly issue a statement
10 stockholders explaining the discontinue
ance q dividends on the cOmpany's stock.
Tho Miami Copper Company produced
23l2 900 pounds during April. as compared
with 100000 pounds H. March. The ran
ing off in output last month was uue 10
a. cave-in at the mine. II IS SAID that
operations at the mine will be running
,,der fun headway by the end Of this
week.
The Consolidated Mining and Smelling
Company of Canada, Ltd, ore receipts
at the Trail ; ter FOR the week ended
April . amounted 20 1914 tons, and from
July ] TO April . the total was 23sol
tons. Shipments from the mines were as
follows: