davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
NEW YORK CURB REVIEW
Many Changes and Additions to
the List

The year 1912 has been an suspicious
one for curb securities and as we cross
the sill of the new year conditions were
seldom more favorable for a banner
year. The dissolution OF the Standard
Oil and American Tobacco companies has
brought valuable additions to the curb
market. The activity and advances reg
istered by subsidiary companies of these
organizations have furnished the feature
of the trading during the year just past.
Many important additions have been
added TO the list. including Tobacco Prod
ucts. nBrantingham WHY'S Over
land, Brown Shoe. Cluett-Pe Pea body, Man
haitian Shirt and Puebla Smelling and Re-
fining. The addition OF these investment
securities, which may be classed from
point OF view of stability with the So
called standard rails and industrlas of the
New York Stock Exchange has brought
into the curb market "A following of in
vestment buyers which has been respon-
sble for the unusual activity throughout
the whole curb list during 1872
Likewise many important additions have
been made TO the mining iist-Alaska Gold
Merger and West End Consolldated-and,
in addition. many issues have been
brought to the market during the last
year that have not yet been admitted to
quotation, making the New York curb
market tho centre OF trading activity in
precious metal stocks i'm the United
States For although San Francisco, Salt
Lake City, Tonopah, Goldheld and To-
ronto have established exchanges for
trading in precious metal stocks. the New
York curb is recognized as the primary
market for their securities.
The Importance of the New York mar
ket is reflected best. perhaps. in not
only the increase in the number of curb
memberships during the year but in the
fact that seats have advanced 100 per
cent in value. We see in such conditions
a trading activity In 1918 to exceed any
previous year in the existence of the New
York curb market
HARRY e. THOMPSON.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03

London Jan. 1.-The weekly statement
Of the Bank OF England shows the fol-
lowing changes: Total reserve Increased
fl,0i4OtO; circulation decreased f72,op;
bullion increased $4,000: other securities
increased fl2.sis,0oo; other deposits IN
creased fl3.ss5,0o0; public deposits in
creased fl.729.O00; government securities
increased fl,Sll,00
The proportion Of the banks reserve to
liabilities is now 5000 per cent. against
$3.50 per cent last week. and compares
with an advance from 5000 per cent to
357s per cent in this week last year.
The minimum rate of discount remained
unchanged at 5 per cent to-day.
The clearings through the London banks
for the week We're 1855. $4,000 against
ESQ, $4,000 last week, and fS77,67l,WO 10
this week last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
BOARD OF TRADE.
PORTSMOUTH. on

PORTSMOUTH,, Otlt.
Your communication to the Portsmouth
Banking Company was referred to me for
reply. ! will state that there is an opti-
mistlc feeling existing among the farming
community that carries with ii certain
element that assures a continuance of the
present prosperous conditions. l have
been i'm the wholesale grain business for
thrty-five years. and have watched very
closely the conditions which are governed
by the products of the farm. and ] have
the first time 10 see a pessmistic or
panicky situation exist when the farm
products are as liberal as they have been
in the last year. or in any year under
similar conditions.
/ feel that we can easily count upon
great prosperity the coming year, as there
is nothing to look forward to I'm the future
that will indicate anything else.
H. s. GRIMES. President.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
DETROIT STEEL PRODUCTS co.
DETROIT.


Replying TO your favor Of the 10Th. ask
ing our impression regarding the outlook
for 1913, we were distinctly disappointed
at the result of the electtYa, feeling that
the uncertainties ASSOCIATIVE with the
threatening attitude and tain " the large
radical representation I'm the democratic
party would cause suspension Of the
development work which had taken
strong start during 1912. but at this date
We feel much better about IT. az negotia-
IONS are on for large amount Of 1913
business indicating. first confidence that
the Democratic radicals will be held In
check, and also that the general condi-
uons are too strongly .ntrenched to be
seriously affected, even by some scatter
Ing radical legislation.
The whole general condition can be i'm
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
CURB ECHOES.

The first days trading OF the new year
on the New York Curb Market, although
very active. did not compare favorably
with that of last year Brokers we'll re-
member that January ., 1912. was one OF
the most active days Of the year with
every stock on the curb going up This
year it was somewhat different. The
activity mostly was centred about the to-
bacco and oil shares, with little activity
in the Tonopahs. \ notable feature was
the drift of the crowd from one end OF
the curb, whore the coppers are mostly
dealt in, 70 the other end where indus
trials are largely traded in II is said
that between twenty and thirty Of the
brokers changed in this way. This is
said to be due to the special attention
offered by higher-priced industrials as
investments. There are a number Of I
per cent preferred stocks. which have a
good market on the curb. and a dozen
of other well known industrials all of
which have netted the brokers large COM
missions.
The consensus OF opinion is that the
year 1912 was the most prosperous since
1906. the boom year The close of the past
year shows most of the curb stocks higher
than at the end of 1911. and brokers who
have remained on the bull side in the
tobacco and oil shares have accumulated
large profits. Several of the best known
banking houses had their shares listed
on the curb during the last year \
higher standard of trading safety for the
public and brokers is one Of the most
important things accomplished by the
New York Curb Association in its effort
to rid the curb Of all fake mining and
other companies.
During last year few curb brokers
joined the Stock Exchange. There are at
present 3lG members in the New York
curb Association. and the new ruling
which went into effect January l, this
year, which calls for an equal commits
sion basis for all members of the asso-
citation. is reported to be keeping the
committee busy electing members of
Stock Exchange firms to membership in
the association. There has also been
considerable change in the general per-
sonnet OF the outside market. Most Of
the curb brokers expect the year 1913 to
be a prosperous one from curb market
viewpoint.
The following members Of Stock Ex-
change houses We're elected to member
ship in the New York Curb Market As
sociation. at meeting of the board yes
terday:
George Townsend Adee, OF Bachelor &
Adcc: j. W. Sparks. OF j. W. Sparks Il
Co. John y. Prentiss. of HOrnblOwer a
Weeks; Philemon Dickinson. OF c. ID.
Barney & Co; Philip J. Levi. OF Miller
4 CO.. George T. Cruttenden, of c. l.
Hudson Il Co.; Fred. y. Cowperthwait. of
Cowperthwait & Clark; Edward Tworger,
Of Hendrickson, Han X Co. w. l.. Hern-
stadt, of Newborg q Co. Ernest II.
Wiener. of Joseph q Wiener, Franklin
" Palmer. jr.. of llerrick x Bennett.
Additional transfers Of membership have
been filed: Charles J. Smith 10 Edmund
4. Rogers. of Johnson. Wood & Rogers;
II. T.. Holke 20 Sidney A. Lawton, of
Wrenn Brothers. Benjamin Manowitch to
Hamilton Albert. OF Raymond, Starr
& Co
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
THE 1912 FAILURE RECORD.

Nineteen hundred and twelve was a
year notable for the large number or
small failures reported. Thus, the aggre-
gate number for the full calendar year. s
to Bradstreet's. was Is, $50. an in
crease of 80 per cent over 1911. which year
in turn showed an increase of % per cent
over 1910. and there was shown decrease
from 1905. the year of after-panic strain.
of only Is per cent. With the exception
OF the last mentioned year, in fact. 1917
was the most prolific year IN business cas-
uaties that there had been since 1896 and
was surpassed only three times In the last
thirty years. AS regards Liabilities, now
ever, the showing was relatively better
Thus, although the number of failures IN
1912 exceeded the number in 1911 ana l9lV
by l,1S6 and 2.259, respectively, the liaoili-
ties. which aggregated Sl97,9s5,457. exceed
ed those of the above years by only about
$40 OOO.O 600. or 5 per cent, in each instance.
The percentage of assets TO liabilities was
relatively low. namely. 1873 per cent as
against So per cent in 1911 and 4sS per
cent in 1910. Despite the large increase
I'm number of casualties. 50 great was the
increase in those in business that the per-
centage of all those in business falling
was only S2-1O0 of / per cent as against
77-lCO of per cent in the preceding year.
There were fewer failures In the North
west than in 1911. slight Increase only
I'm the West, but considerable increases IN
the other sections of the country.
The middle group and the South iur-
nlshed the larger portion Of the increased
lin abilities. while the West. Far West and
Northwest showed smaller failure dam
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
ITEMS Of WALL STREET

Trading for London account yesterday
in the local stock market showed a con-
siderable impetus over the closing days
Of 1872 1t was estimated that between
5000 and 10000 shares were bought
Dividends have been declared as fol-
lows:
Tennessee Copper Company 81 so a share.
payable January 20 TO stock OF record Jan
uary s.
National City Company. 8 per cent, pay
able January . Initial dividend Of same
amount was declared last July.
Tuolumne Copper Company. 10 cents a
share, payable February - to stock or rec
Oklahoma Natural Gas Company. quar-
terly OF l !. per cent. payable January 20 70
crease Of a. OF per cent over the previous
dividend.
Mohawk Mining Company 81 a share. an
increase of 80 cents over the declaration or
June last
Eureka Pipe Line Company. $40 a share.
PAYABLE February 90 stock OF record N Jan: Jan.
pany viii be held In oil CITY Penn jan
United States Rubber Company. usual
quarterly OF . per cent the first pre-
ferred, Z per cent on the second preferred
and per cent on the common stock, all pay
able January - to holders OF record jan
uary -
The November gross earnings OF the
New York Central Railroad system
amounted to s2i979,6Sl, an increase Of
81. l37, Al over the same month Of 1911.
Net earnings. after taxes. totalled
s.. 335 GIG, gain of sl.93S, 500. For the
eleven months ended November 80 tie
New York Central's gross was s255,27s ,i53,
an increase OF sl9.ls7,7l5 net for the same
period was s64, 953 1862. a gain Of s6,243S2z.
At the annual meeting OF stockholders
Of the Boston & Lowell Railroad directors
were authorized TO issue 100000 az per
cent bonds, dated February !, 1913. and
maturing twenty years from date, pro-
ceeds to be used to retire like amount
Of bonds due February !.
The Canadian Northern Railway has
placed contracts with Canadian com
panies for $50 locomotives, rs passenger
coaches 200 box cars and other rolling
stock worth 100000 Deliveries are 20
be made in 1918.
Charles p. Smith has been admitted TO
membership In the firm OF W. f. X.
Smith & Co.
The resignation of NJ G. Patterson as
vice-prcsdent OF the American Tobacco
Company was announced Yesterday. Mr..
Patterson is AT his home in Richmond Va.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
STOCKS IN OTHER CITIES.
CHICAGO STOCKS.

Chicago. Jan. 2.-Chicago Railway
series > and 3 of the participation GER
tifcates. mixed trading in which operated
somewhat at the expense OF prices. and
were somewhat higher. were the princl-
pal active fea lures of the transactions
TO-DAY. Strength was almost general
elsewhere. Union Carbide gained around
"A couple sf points while Steel and Bis
cut Company We're each about a point
higher. Fractional appreciations oc-
CURED in Peoples Gas, Pacific Gas, Can
common. Shipbuilding preferred and
Western Stone. Match recorded a small
decline. Business in the bond depart
ment was small.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
STANDARD OIL SUBSIDIARIES.

The bull market In Standard OIL issues
continued undated yesterday, accom-
panied by obvious manipulatlons in a
number of the more prominent stocks.
Standard of California sold up 10 new
high level and violent advances occurred
I'm South Penn. OIL. Swan q Fineh:
Standard Of Ohio and Galena Signal Oil
common. The tone of the whole list was
firm. however, and several of the pipe
line stocks. which notably have been lag
ging behind recently, showed evidences OF
quiet accumulation.
Quoted by Gilbert Elliott & Co. No. 81 Wall
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03

proved II the ultra conservatism of some
ne" York bank officials can either be
concealed or changed The attitude of
these banks toward industrial develop
nleht is distinctly the result of the cleo
uon and the threatened revision Of the
tarir. and we believe disturbs confidence
more than anything else.
JOHN G. RUMMEN, Nice-P President.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03

The Republic Railway and Light Com
nanv's report for November shows gross
earnings Of $233.970, an increase Of $751;
5S5 as compared with November last year :
net earnings we're S1OO,O14. an increase OF
S2O.435. The report for the twelve moh'hs
ended on November 80 shows gross earn
ipgs of s2.G2S,9O2. an increase of S25S,6H
over the corresponding period last year
and NET earnings were s1.054,207, an In
crease of s1O3,S33 over last year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
BOND DOTS.

The County Commissioners of lronton'
Lawrence County. ohio, will receive pro-
posals until noon on January 20 for spVj
lih per cent turnpike bonds. denomlna-
lion $1,000. dated March /, 1919, and due
March /. 1913 II is also reported that
G. H. Fowler. OF Ironton. was the sue
cossful bidder on December 20 for the
go 900 per cent twenty-year coupon tax
free bridge bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
VIEWS AND REVIEWS
eyuressionS on Old and New
Year Records and Prospects.

FOLLOWING are additional letters written
The Tribune. which could not be pub
,,,hed i'm the issue of January 2:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
PUBLIC UTILITY NOTES..

The San Francisco. Oakland & San Jose
Terminal Railways Company Is contem-
plating IT is said, an expenditure OF APP
proximately $4,000 on new electric lines
i'm and about san Francisco. IT is the in
tention OF the company to start work Inn
medlatcly in order to have the new mile
age completed In time for the opening Of
the Panama Pacific Exposition In 1918.
This company IS controlled by the United
Properties Company and movement Is
under way TO consolidate the other cleo
tric lines under its control The work 10
be started at once will require about ~
OD0.C00. which will provide for the cree
ton of new wharves, piers. construction
of spur and side tracks. and an enlarg,
ment of train sheds. Other development
plans arc for a fleet OF four fcrryboats.
and extension of lines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03

Lee. Higginson e. Co. are ohering 10
investors $1,000 Virginan Railway COM
many first mortgage per cent hfty-year
cold bcnds: denominations of 800 and 500
can he ATTAINED and are due May |, 1862
G II Venner & CO.. Of New YORK, were
Tho euccessful bidders on December 20 for
tho s907 COO AZ per cent twenty-year cou-
non funding bonds OF Trenton Mercer
county. n. j.. denomination N,p''
According 10 reports. the common
councu of Rochester authorized the s.
suance of $4,000 AZ per cent refundinS
and sf.SO.ocO AZ per cent waterworKs
bonds
II ,s reported that Virginia, St LOUIS
Couutv. Mimi. favored the issuance al
the election held recently. of A0Wo bonds
~ purchase the Virginia Electric Power
and Water Company's plant.
George X. Cox, village clerk OF White
plains Westchester County. y. Y, VIII
receive proposals until s p. m. January IA
for Is go A. per cent registered water
ho,ds denomination 81 1000, dated Decem-
her I 1912. and due December /, 49, Ac-
crrod interest to be paid by the pur-
chaser.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03

FURNISHED by Middendorf, Williams X Co, No.
al pine street. New York. and No. l29 East
German street. Baltmore)
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
NEVADA QUOTATIONS.
TONOPAHS.

FURNISHED daily By Weir Bros. & Co.. No IS
Broad street,
January . 1913
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
TRUST COMPANY REPORTS.
TRUST COMPANY REPORTS.
Guaranty Trust Company
of New York
% Nassau Street

% Nassau Street
Fifth Avenue Branch Standard Branch,
sth Ave. e. 43d St. Is Broad Street
London Office, 80 Lombard ST., E. c.
Condensed Statement December &C. 1912.
RESOURCES
Real Estate . S159O,434.s8
Bonds and Mortgages. ........... 76S, IOO.oo
Public Securities ................ H34Z,53I.SS
Other Securities .............. 4l663,3Lo.oS
Loans and Bills Purchased. ...... 89205, 1899
Cash on Hand and in Banks. 2904O, 1882
Exchanges for Clearing House,. 6S53, IU4.Io
FOREIGN Exchange . 35807, 1921
Accrued Int and Accts Receivable. l222,656.55
$223S ,693.54
LIABILITIES
CAPITAL $4,000, 100000
S,,rpus .. 20, 100000
Undivided Profits g.: ........ $685. 2027
Outstanding Treasurer's Checks. 4353,7 1885
Accrued Interest Payable l,655,4IZ4I
Reserve for Taxes and Expenses. I4I,I3OoS
Foreign Accounts. ............. lo,4OI,oIIEo
DEPOSITS ... 1854 ,46426
1928, 3,693S
Directors
Levi p Morton Chairman
Charles H. Allen Alexander j. KemphM DAME! G. Reid
George F. Baker Waite, S. Johnston John D. Ryan
Edward j. Berwind Augustus D Juiiard Thomas r. Ryan
Edmund e. Converse thomas w. Lamont Charles H. Sabin
l. De wit tuyef rag" l. WATSON William D. Sloane
IenV p nH C com, w w.. Valentine P Snyder
u.%e. o. u C,, G. phnd, VIM K Vanderbilt j.
C.ors. j Could William n Porte, Harry Payne Whitney
Daniel Cus.euheim Samuel Rea Albert H. Wigsn
Officers
Alexander Hemphl President Charles H. Sbn viee-Presdn
William C. Potter Vice President William {. Lane President.
Ma. May Wee. President Lewis Franklin VicePresden
Jane, NJ Pratt Vee.President William Cox Wce-Presdeni
William c. Edwards Treasurer E. c. Hebbard Secretary
FL n Sutton Trust Officer Robert H. Cox Mgr Bond Dept
Charles NJ Billings Asst Treasurer C. Hartman Asst Treasurer
WE H. Kosch. Asst Secretary Walter Meaham, Asst Secretary
J. Burke Asst Secretary d. Putnam. Jr, Asst Secretary
E. B. Bukley, Asst. Secretary G. W. Williamson, Asst Secretary
Zehh Van Loan ASST. Secretary
R. j. Allen Assistant Trust Officer
Deposits Dec. 81, 1911 ............ $156, 022,851
Deposits Dec. 26, 1912 ............. l68,4l7,464
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
By order OF executor.

BY order OF executor
1000 shares Comstock Tunnel Company; =.
each: per share ................. ......... &c
100 snres william Petefman. Incorporated
"a shares Merchants National Bank; $50
each ........... 1880. - 80. 49,
z shares Hanover National Bank: 800 each IO5
100 shares Old Dominion Steamship Company:
500 each ....................... '.'..i 02
o 500 shares Cobalt Central Mines Company;
81 each; lot ........................ $50
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
TOBACCO STOCKS.

Quotations furnished by l.. L. Winkelman &
Co No. "A Broad street,
Open. High. Low. Bid. Ask.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
NEW YORK CITY BONDS.
FURNISHED by w. ~ Coler & Co.. No. - Cedar
street.)
BANK OF ENGLAND RETURN.

sCoupons interchangeable. Registered. .cou
pens sRegistered and coupon.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
PITTSBURGH STOCKS.
GOVERNMENT AND MU.
!. NlCIPAl BONDS.

Furnished by zimmerman & Forshay. No. 3
oil h
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03

The Dallas Electric Corporations re-
port for November shows gross earnings
Of sl63,75l, as compared with sli6ol3 for
November, 1911, an increase Of Si7'So, net
earnings were S2,53i, as compared with
$40. 7O4. an increase Of S22,S3). The report
for the twelve months ended November
20 show gross earnings Of $l%O,2b. as
COMPARED with $l,7ls,GJ6 for the CORE
spending period last year. an Increase OF
Ssh. 1872; net earnings for the same period
were s71O.77g. as compared with $532,5 iS
last year, an increase Of YiS,45l.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
SECURITIES At AUCTION.

The following securities were sold yes
terday at auction at the Exchange sales
room by Adrian II. Muller & Son:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03

The report Of the Galvcston-Houston
Electric Company for November and the
twelve months ended November 30, 1917.
Is as follows.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
GAS AND ELECTRIC COMPANIES.
New York.


interest TO be added.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
SHORT TERM NOTES.

CMaturing 1913-'27)
Furnished By Swartwout q Appenzeiar' NO
A Pine street.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-03
FURNISHED by Harry F Thompson ( Co..
INOUSTRIALS.
BONDS AND NOTES.

sli 900 Bradeu r. ....... 2io 20J
1900 u TT So notes 9s'. seh
IL 900 Chic Elev 5s.... g7'. ga
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-10-05
Weekly Financial Review.

Ncw York. October Anxiety over
the future caused hesitation and in
tcrmittent weakness in the stock
market during the week This feeling
mad 70 do with the outlook for com
inerce and finance abroad and at home.
The domestic outlook now is moro
IMAM usually dependent on money
market conditions elsewhere
Banking authorities express salts
iaction over the conduct OF the banks
In the last few mouths in having
strictly limited the extension OF cred ]
i'3' course which leaves them in
much better position to meet coming
requirements than seemed possible six
months ago. The failure OF money
condition to relax in London Berlin
and Paris after the October settle
ments was disappointment and the
occasion of uneasiness.
The home market for steel products
remains unsettled. buyers still holding
OF, while price concessions are extend
ed. In pig iron, curtailment of pro-
duction rather than growth OF de-
nand Is the factor In hardening prices
In copper also depletion OF stocks Is
AFFECTED by the reduction of output in
connection with labor troubles i'm the
Lake Superior region.
August reports of net earnings Of
railroads made so poor n comparison
with last years results as to liscour-
age shareholders and all those looking
Tor increased buying of materials by
the railroads
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-10-05
Weekly Cotton Review.

New Orleans. October 4.--Unfavorab1e
weather in the Western cotton belt and
an Improvement in the spot demand
put the price OF cotton this week to
rev high levels for the season. To-
ward the end of tho week the market
| fell OF. but at no time was real weak
ness displayed The net result of the
weeks trading in the future mark t
was an advance of thirteen to nineteen
points at the highest the trading
months were thirty-six to forty points
over last weeks closing; at the lowest
they were seven points over TO three
points under.
The market was concerned chiefly
with the Texas crop this week, to
which continued heavy rains did much
damage. Unfavorable reports also
came from. Arkansas and portions Of
lana.
The bureau reports on condition and
ginning Thursday were not az BULL
fsh as expected. and increased the
Liquidation. But for their nervousness
over the Texas weather. bears probably
would have taken advantage OF the