davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
MONEY.

Movements of money during last week
presented an easier tone In the local sit
uation, but inactivity in both time loans
and commercial transactions was the
order up to the close Of business on'Fr'-
day. The reported operations did not In
dictate that there was any Western de-
mand for funds aside from the usual re-
auirements, and for the week the loss TO
the Sub-Treasury was not rs heavy as
during previous periods. 1t cannot oe
said that money Is in state Of ease,
although In view of conditions Just at
present il is quiet and there is no special
burden on the local money market. IN
the early part of the last week call
money assumed comparatively hrm
tone, but on Friday II had eased of and
was in plentiful supply at the ruling rate
OF 2% per cent. while earlier in the week
II ranged at per cent. a disposition by
bankers to preserve a conservative ctu-
tude toward loans was apparent and
there seemed to be no signs OF special
relaxation in accommodations for fixed
DoriOds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
UNION PACIFIC DISTRIBUTION.
New York. September II. 1918.

new 10Th, ScptcHiucl IL, A0io'
Financial Editor New-York Tribune.
write to suggest four motives which
must logically prevent the directors OF the
Union Pacific Railroad Company from
distributing among any of its stockhold-
ers the proceeds OF It's sales OF Its stock IN
the Southern Pacific Company:
First-That stock having been originally
purchased with borrowed money obtained
by Issuing bonds OF the Union Pacific
Railroad Company, 1t would be wrong to
impair the security back of those bonds
by distributing to its own stockholders
the ultimate proceeds Of those bonds. for
such a distribution would impair the
security of the bonds and would amount
TO borrowing money on the security OF the
general assets of the corporation and
then distributing that money among the
stockholders Of the corporation Such a
transaction would be dishonest. and II at
tempted would probably be prevented by
injunctions obtained at the suit Of the
bondholders.
second-The directors Of the Union Pa
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

The exports OF specie from the Port OF
New York for the week ended September
10 were: silver $751;. 2si. against total OF
81. 037. $50 last week. and s9l3,la the corre-
spending week last year. Since January
the exports OF gold amounted to $50 TO-
ssi. and silver s3i.373,333. against s326l3.O52
gold and s33.9S245i silver In the cores
ponding period last year.
The imports Of specie at the Port OF
New York for the week ended September
10 were s62l.7l6 gold and $2i6.762 silver
making a total OF sS6s.i7s. against total
OF sl.ll5.ln in the preceding week and
s53oSiS In the corresponding week last
year. Since January l the imports OF
specie amounted to S22 1884. against s22.-
s48,s3l In the corresponding period last
year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
THE COTTON MARKET
Continues Strong, Closing at an
Advance.

The strength shown by Fridays cotton
market held over into yesterdays DEAL
ings, and December contracts sold up 10
1909. or q points above the previous
close and AZ points above Fridays low
This figure brought out realization safes
and some selling for a reaction causing
a drop OF or 10 points in the late trad
ing. and leaving the close barely STEADY
but net 10 TO IA points up from Friday
finals. Houses with Liverpool connec-
tons were among the late sellers. on inc
idea that with trade accounts from Man
chesav less favorable than the nome
market liverpool would fan ~ foiio"
the advance hero aouthera spot mar
kets we're l-le9Ac higher. generally So
and the local market advanced points
20 1920 for mlddling upland; no safes
Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
BANK EXCHANGES,

Bank clearings at the leading cities in
the United States this week. as reported
to "Dun's Review" amounted to S2.65i,
Is, 667. a falling off Of 10 per cent COM
pared with the s2,7O5 $40 sos OF the same
week last year, but gain Of 40 per cent
as contrasted with the $3.50 .600.ln res
ported for the corresponding week In 1911.
The total at New York City is 28 per cent
smaller than last year. but the compari-
son with the same week two years ago
shows gain of 3.9 per cent, which is en-
inently favorable, as operations in the
stock and other speculative markets at
that time were very active. The returns
Of the outside cities exhibit considerable
irregularity compared with 1912, and there
Is contraction In the total of 2 per
cent, but there is general Improvement
over 1911, the gain amounting TO 81 per
cent. Boston, Cincinnati and San Fran
cisco make a more or less unfavorable
comparison with both years, and Pitts
burgh, ST. Louis. Louisville and New
Orleans with year ago. On the other
hand Philadelphia reports gains of a.
and 8i per cent. respectively, over the
Two previous years, Baltimore, ~ ana
SO: Cleveland, IL and 237; Chicago, 40
and 1874: Minneapolis. 1856 and $685. and
Kansas City. 10 and 49, The daily aver
age, which very closely reflects the actual
volume OF current transactions, also
shows gain for September to date Of Ia
per cent over 1912. and OF lis per cent.
compared with 1911. Average daily bank
clearngs for the year to date are given
below for three years:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
KINDEL HOT FOR INQUIRY
Will Press Resolution for Pa
cific Merger Probe.

Washington. Sept. 13.-Representauve
Kindel. of Colorado, has determined 10
push his resolution for Congressional
investigation of the Union Pacihc-soutn-
ern Pacific merger dissolution but VIII
withdraw a paragraph charging At'or-
ney General McReynolds with violating
President Wilson's instructions by Waiv-
ing public hearings when the dissolution
decree was being arranged.
Kindel said he had been msled ana
that the resolution had been prepared by
Henry B. Martin and Herman Schul.eis'
officials Of a so-called antitrust league
who figured in testimony before the SEN
ate lobby committee, as having had 10
do. In connection with David Lamar, with
the steel trust investigation.
President Wilson recently censured Kin
del for introducing his resolution without
consulting the Attorney General.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
DIVIDENDS REDUCED

Reductions in dividends by the rail-
roads alone mean an annual loss 10
stockholders Of close TO sll.OOO.0Oo
Some OF the heaviest annual reductions
in the dividend outlay are as follows;
New Haven. s3.6OO.26i Illinois Central.
,2.ls5.920: National Railways of Mex
leo. si.I53,2f0; Pacific Gas and Electric.
N.s99.s37: VI. Rumely. Sl.350,Oo0; Nir-
glnia Carolina Chemical. $4,000
Prairie oil and Gas. s4.320.0Oo.
In the case OF the mining companies.
Il must be remembered that the reduc-
tons IN the rate tho current year are the
natural result following the large in
creases IN the dividend rates OF these
companies in 1912. when copper was
selling at higher level.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

money received from the sale OF Southern
Pacific stock would be Immediately met
by bitter litigation growing out of ths
claim OF the preferred stockholders IN tia
Union Pacific Company to participate
with the common stockholders In the dis.
tribution Of that fund, which claim would
never be relinquished by the preferred
stockholders without struggle and
would never. without struggle, be &C.
cuiesced in by the common stockholders.
Such a litigation would last for years and
be directly and indirectly injurious to the
Union Pacific Railroad Company and %
all its directors and officers.
Yours very truly.
ALBERT II. WALKER
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

ciho Railroad Company. like other men In
control Of great sums of money. naturally
desire to retain that control. because 1t
constitutes possession OF great financial
power which can be exercised in one d.
rection or another from time to time with
out injury to the interests Of the stock
holders.
Third-It is the duty Of the directors OF
the Union Pacific Railroad Company to
retain possession Of that fund until such
time In tho not distant future that 1t can
be used to purchase the Central Pacific
Railroad.
Fourth-Any proposition to distribute
among the stockholders Of the Union Pa
cif,c Railroad Company any portion Of the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
A POPULAR DECISION.
, Tha seattle Post.Intelligencer.

From Tho Seattle Post-Intelligencer.
The subordinates OF the Health Commits
sioner OF Chicago had prepared and were
about to send out a bulletin warning the
people of that city against the dangers OF
kissing, when that official interfered and
suppressed II. He says there 10 practically
no danger in kissing. unless you get caught
az Il. Something refreshingly human abou,
this point NJ view. even II II falls down
on tho scientific side.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
SOUNDS LIKE A RAoTIME SONG.
From The Philadelphia Inquirer.

From The Philadelphia Inquirer
Speaking OF one particular example OF cubist
art" Gertrude STEIN writing In one OF the
journals devoted TO artists interests. says:
There is all there is when there is all there
has where there Is what there is That is
what is done when there is done what is done
and the division is the explicit visit"
All Of which reminds us that we have work
TO do and will have to take Gertrude's word
for II
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
Henry CIews e. Co.

1.-The stock market is really in fairly
satisfactory position. There is a scarcity
of stocks for sale. and prices are notice
ably more sensitive to favorable than to
unfavorable conditions. The money out
look is clear and more encouraging
There is less monetary doubt on this side
of the Atlantic than In Europe, where tho
Bank of England is keeping up an I'M
usually strong reserve in case OF needed
assistance TO either Paris or Berlin, both
centres having been under special strain
from financing the Balkan war"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
John Muir & Co.

The market reached an interesting
stage last week, when prices as repre-
sented by the average of thirty-two lead
ing stocks, touched the highest point since
the low Of June.
ION Wednesday the average was 9777
against 1886 on June II. This was so little
above the prices reached twice before
recently G7.7O on August 10 and 976S on
August PSI that the market could not
properly be said to have entered new
territory
ION Friday. however. prices broke
through the resistance. The average rose
to 1918. This is tbs highest point since
the decline In April"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
Houshton Co. Electric Lish. Company.

Gross earnings OF the Houghton County
Electric Light Company for the month OF
July were s21,733. as compared with go
SS1 for July last year, an Increase Of
s1,972; net earnings for the month were
$1,000. as against 1891. n gain or 1853,
and surplus over charges was S5.Sl7. as
compared with 81, 236 for July last year. a
gain Of 1851. Gross earnings for the
year ended July 81 were $3Os.923, as COM
pared with s298.3l7 for the year ended
with July last, an increase Of sS,eo6; net
earnings were 1852, 1854. as against 1882
a gain Of $685., and surplus over charges
for the period amounted to 1890 az
compared with sa3. 49, an increase of S,-
FL
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
COST COMPARISONS
Changes in Average Prices for
the Last Week.

The following table gives the highest.
lowest and average Wholesale spot prices
OF twenty-four articles OF current con-
sumption in the New York markets for
tho week ended September 10 and the diff
ference In average from those of the pre-
vious week. cotton. sugar and lard quota
lions being In cents and hundredths:
Change In
aver. from
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
jacksonville Traction Company.

The comparative report OF the Jackson
VILE Traction Company for the month Of
July and the twelve months ended with
July 81 was as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

S.w Orleans Sept lathe cotton market
had a strong undertone. owing mainly TO pct
ter news from Washington regarding legisia,
ton aimed at cotton contracts Market Opener
s,cadl ~ an advance OF 20 II points. Prices
gradually worked higher. with no inportant
setback until the most active months We're 10
20 Is points over yesterday last quoA. ~ 20
Tho close was steady. at a net gain OF 70 ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

Denver &
Offices at Denver.
The Central Passenger Associa'ioil &c
saonted a rule providing charse ~.
handling prepaid orders for tickets ~
.N,-oT, ~ ,alephone on per cent
has,e Of total amount. Charges are "
ba not under q cents and not over e.
charter has been granted in Okla
- 90 Tho oklahoma, Mexico & Pacihc
pa,Iroad 10 build line from OHlailoHI@
CITY 10 Childress. Tex ui'.% -
about $50 miles, TO connect WIN '"0
IUorth & Denver City Railroad
pen,v,ne to an inquiry sent on. =,
.oTbe Railway and Engineering neNIo
,,ecarding the railway business pro'P
eoventeen leading railway systems Vi "a
W, raturned favorable responses anu
a. tho main estimated the business uui
,ne the remainder Of the season "
Ho,+ on q par with last year eoiiie'
uou,avsr were not sanguine of the pros
meets following January /. IVA
Tho Chicago Great "SS'' a.
rointed Samuel F. Ramps assistant ~
the uce-president of the road, WIN Nea1
quarters at Chicago. Mr.. Ramps "aS
Sormerly inspector OF transpor'a'i0''
tha Chicago Great Western
rb. PENNSYLVANIA Railroad has entereu
snto arrangements with Thomas 0ooA
Sona IN represent the road IN All p"'
- ,ha world where Cook & Sons nave
rae,.as This means that hereafter Feiin-
,s1Ivsn,a travellers Will follow the man
from Cooks"
IN oo-operation with the iowa s,ate
Agricultural College, the chicago
'uneton & Quincy Railroad VIII SOON W
crate a special apple demonstra'ioh ua on,
through parts of Iowa, and lectures VIZ
he delivered on apple growing anu pr
,nar,ne for the market II Is estiiilN.1
,thst Iowa will produce over 5'coNt"o ouS''
els Of apples this year
circular issued by the New orleans
.poerd Of Trade, through its freight anu
REORGANIZATION department. states that
tba volume Of traffic that will be onereo
~ carriers during the coming ran an"
u,,rter will tax transportation facilltleS'
lsnd the board is preparing TO cooperate
With the roads by urging shippers 70 ioad
+be,r cars as near carrying capacity as
Conditions Will permit, and to make d"
rossihle effort TO release cars prompuy'
The Chicago & Northwestern. the chi
toago Milwaukee & St Paul, the Chicaso'
e paul Minneapolis & Omaha ana 'he
Illinois Central have notified the Wlscon-
SIN Industrial Commission that they u0
~ ir+end 70 come under the state WORK
mems compensation law.
The Federation OF Pullman Conouctole
"a the Federation of Pullman PorueIe
hova taken out incorporation papers IN
Iu,ro,s and II is said that, after they
have been fully organized and their mem
hersbin has been built up, they VIII oesih
. campaign to obtain increases IN "aeo''
valuation committee has oeen NY
,oIr+ed nv the Kansas City Southern 10
asstst in the preparation Of the neces-
sorv data in consideration OF the PROV
Inns involved IN the railroad Vaiua'o''
70 he made by the Interstate commerce
Commission.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
Posner e. Co.

The securities market has demon
strated its ability 10 maintain It's strong
position under the many adverse assaults
made upon II. and we think the general
list. with few exceptions. will improve In
value during the autumn. We do not De-
lieve that monetary affairs Will interfere.
The banking position. both domestic
and foreign, is stronger than II was
year ago. and with the large Treasury
deposits available they will not be called
upon TO furnish tho usual quota OF FUNDS
to move the crops. While we DO not look
r any lowering In the rates OF interest
there will be 10 necessity for raising them
above their current level. Under these
conditions the market can easily expand
and broaden out, and speculation Will
take on a greater activity In the next two
months without hindrance from this I'M
portant source"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

Liyerrool cables: Spot dull. sales. iVo bales
REGULATION and export. 800: American. 5.o"O
iI,norts none Middling upland. 140d. fut-
urss opened quiet. generally points highe'
closed quiet but steady at net advance o
Gi407h points. September, 1"d. ocPte ~. -
oc,ote- sqgi-d. October-November. 6sI nd
November December and Docember-J anuafy
cSiiLd. January-Fehr!ary. 6.s2bd; February
March. 6s3i.d. March-April, 6A'7d. Auu
MAY and Nsy-June. Is 3d. June.July, 80,
Iuly ~ August, 6s2hd. August-september
.G72bd.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
MUSICAL INSTRUCTION.
New York College
of Music
l2s-t3o EAST 5sTH ST. NEW YORK.
nIracfore.

Directors.
CARL HEN. AUGUST FRAEMCKE
Bronx Branch. 1903 Boston Road, cor. 18TH
Thorough instruction IN all branches or
music by forty Of the most eminent and eN-
perienced Instructors: following the same
plan OF instruction established by the Lead
Ing European Conservatives. Dept Of Public
School Music I'm charge OF Or. Frank r. Xix.
Newly engaged Vocal Dept. Mss Emma loeif,er
rafaio.yra
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

corresponding month year sgo;|also TOT
the roads that reported for the two pre-
ceding months, together with the per-
centages Of gain over last year:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
PUBLIC UTILITY NOTES.

Some OF the materials to be used in the
construction OF the new power house of
the San Joaquin Light and Power Corpo-
ration. on the Tule River, have already
arrived. The preliminary foundation
work has been completed. and II is be-
lieved that construction may be finished
by December. II is believed that this
new source Of power will be particularly
valuable 10 the San Joaquin system by
reason OF its location in the middle Of the
main transmission between the northern
division, at Fresno. and the southern di-
vision, at Bakersfield. A large power
load for pumping water for irrigation
purposes has recently been developed by
the corporation in the territory south OF
T>ulare Lake. where the new Tule River
power line will feed into the main system.
Columbus Electric Company.
The Columbus Electric Company reports
gross earnings for July OF $3.50 as COM
pared with si5.5i9 for July last year, an
increase Of 1895; net earnings were ST.
Al. as against s22.272. a gain Of $3.50.
and surplus after charges was 1920. as
compared with 1896 for the same month
last year. a loss Of 81, O97 For the twelve
months ended July 81. gross earnings
were S72623. as compared with s522.3s5 for
the same period last year, an increase Of
S0.z5S. and net earnings were S279.533. as
against s254,707 a gain OF s24.S26. Surplus
over charges for the period amounted 10
$4,000. as compared with sl07.9s1 for the
corresponding period last year. a loss Of
81 go
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
Dunning System
of Music Study
for Beginners

Pachmann. bloomfield Zeisler, Gaorlo.
witsch. scharvenks. Gadski. DR. Mason ard
many others and pronounced BY them the
best IN use. Normal training class for teach.
ers TO open in New York September cath.
Address Mrs. CARRIE LOUISE DUNNING.
II West seth ST. New York.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
AMONG THE RAILROADS
Notes and Comment Concerning
Men and Traffic Affairs.

l. NJ. Brown has been appointed as,
distant general passenger agent OF tiie
Denver & Rio Grande Railroad WIFI
Offices at Denver.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
Wrenn Brothers G. Co.

Perhaps the most important develop
ment OF the last week affecting the future
of the market was the rise In call money
for in practice the call loans of the New
York banks act as a sort OF secondary
reserve for the entire banking system or
the United States. and call rates on TINS
account are first TO reflect changes IN
monetary conditions. Stock prices during
September and October seldom show an
inward trend. or even hold their own. ex-
cent when call money rules under 3 per
cent. and. in our opinion. the immediate
future OF the market will depend princi-
pally upon money rates. Moreover. the
technical action of the market during
the last week has been less satisfactory
than for some time. The advances
seemed 10 encounter more stock and the
market yielded rather than absorbed the
offerings. The position Of copper STOCKS
as indicated by the large decrease In the
worlds copper surplus during August IS
very strong, but at the same time
the Boston market after some belated
strength. has always in the past followed
any large decline in the New York mar
ket We think both are In pivotal po-
sitIon; that their course will depend
rrincipally upon interest rates. and that
for the present purchases should be MADE
only on reactions and moderate profits
accented"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

The Central Passenger Association has
.aonted a rule providing a charge for
handling prepaid orders for tickets oy
telegraph or telephone on a per CEN ~
basis of total amount Charges are ~
he not under q cents and not over 81
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14
STOCK BROKERS' VIEWS.
Comments on Market Situation
as Seen in Wall Street.

Brokers have been uncertain regarding
the near outlook In the stock market dur
ing the last week. and the Views con-
tanned in the following extracts from let
tiers in review reflect the general senu-
ment Of the Street
Hayden, Stone & Co.
I'm contrast TO what has taken place
for some time past the developments this
last week have been rather more favorable
than unfavorable and sentiment has
shown further Improvement. The CHIEF
disappointment was the government con-
firmation Of severe damage 10 the corn
crop. which confirmed the worst fears
This, however. had been anticipated. on
the other hand. the Copper Producers
statement and that Of the Steel Cor
poration's untitled tonnage were much
more favorable than expected. AS for
crops. there is no denying the fact that
there has been serious deterioration. This
reduces, correspondingly. the anticipated
addition to the surplus wealth OF the ma
ton, and expectations of progress ana
new construction based on this factor
will have to be modified. In short. stocks
are not likely TO sell as high as they
would have otherwise. This is not saying
however. that there is reason. neces-
sarily. for expecting Immediately lower
prices on this account. Eliminating the
bumper year 1912. the total yield OF the
crops this year will not he far from those
Of the last ten years. There are iour
crops Of major importance-corn' cotton
hay and wheat in the order OF their
value. OF these. the only one known 70
be seriously damaged is corn. There Is
still very good chance Of large cotton
crop: hay is up 10 the average. while
wheat will be the largest ever harvested
In short. this has been not far from
good average year"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

The only system Of
music study for be.
ginners endorsed By
chetitzky. Bu.
soni Carreno. Dc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

A charter has been granted in Okla
honoa 70 the Oklahoma, Mexico q fa0I-'o
Railroad to build line from oKlanoi' 40
Citv 10 Childress. Tex, distance
oho,+ ,So miles. TO connect with the Poi
,Tor,h g, Denyer City Railroad
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-09-14

Tbs Chicago Great Western has ap-
ro,ntsd samuel F. Ramps assistant 70
the uce-president of the road. with nea c.
quarters at Chicago. Mr.. Ramps "aS
Formerly Inspector Of transportation oi
the Chicago Great Western