davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
HOOKING VALLEY HEARING
Testimony Begins in Case OF
Lease of Oil Lands.

The taking OF testimony in the Hook
ing Valley case was begun yesterday
morning at the Offices of Crisp. Ran
dali & Crisp. attorneys for the com
planning stockholders. No. so Broad"ay'
before United States Commissioner Johh
Shields
This is the suit OF the committee OF
stock and bond holders Of the COLUMBUS
& Hooking Valley Products Company
seeking TO rescind the lease OF the com
pany's oil lands 10 the CHARTERS Oh
Companv. The case is before the United
States District Court in Columbus, ONO
but part OF 1t is transferred to this city
for reason OF convenience.
According to the complaint OF the
stockholders. the oil lands were leased
TO the CHARTERS Company by the re-
organization committee of the Hooking
Valley Company on the royalty basis or
one-eighth OF the gross production. inns
lease is attacked mainly on the grouho
that as the property is producing prop
erty. and not simply prospect territory
tho terms of such "A lease are inequita-
bic.
The proceedings yesterday consisted
exclusively Of the putting into the rec
ord of a great mass Of documentary
evidence concerning the condition OF the
leased property and the contract Oh
lease itself. II was stated that the III
PRODUCTION Of documentary proof wou'd
delay the hearing of oral testimony
until this afternoon.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
CURB DULL AND WEAK
Industrials and Mines Display
an Irregular Tone.

There was less interest shown in the
curb market yesterday, the volume Of
business showed a considerable falling off,
while the general tone was weak The
Standard Oil subsidiaries were compare
lively quiet. the bulk OF the business being
done over the counter, owing to the fact
that prices and sales quoted conflict ma
terially New York was the most active;
after improving about 2 points it ran
off g. New jersey was down points.
other Industries were quiet. United cigar
Stores was down a. Britsh-American To-
bacco small fraction. Riker-Hegeman
new moved within narrow limits. Consol-
idatcd Rubber Tire was strong on small
dealings. The mining group was quiet and
about steady The silver shares were r.
regular Bonds were quiet. Canadian
Pacific per cent notes were down, ana
the rights were slightly lower also.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
Assets Realization Adjustment.

The Assets Realization Company, whose
financial condition has been the subject Of
considerable discussion, announced yester-
day that ii had prepared the necessary
legal papers providing for an extension of
its Indebtedness, 10 which practically all
the holders OF the company's obligations
have agreed
The officers stated that the adjustment
is satisfactory from the standpoint Of the
company One hundred shares OF the
stock sold yesterday at -. a loss OF !
point from the last previous sale and a
loss of 9SIa points from the record high
price made last year.i
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
KUHN, LOEB & co.

cent on the preferred stock. PAYABLE January
1 IN stock OF record December %
Hudson Trust Company semi-annual OF
per cent. ayable January : TO stock OF tecr'
December 20
Illinois Traction Company. quarterly of l =
per cent payable January TO stock OF RECORD
December 10.
Manning. Maxwell & Moore, quarterly OF =
per cent. payable December 81 10 s'oek u
record December 81
Mine Hin a schuylkill Haven Rallroad,
semi-a annual ~ pa per cent payao'e 'a"uai'
~ 20 stock OF record December ~.
Mutual Trust Company OF Westenester
quarterly OF Is. per cent, payable January
TO stock OF record December 81
National Screw and Tack Company. semi
annual OF 2 per cent on the preferred stock
payable January ], and per cent "n tne
common. payable December -
North Butte Mining Company. quarterly o.
so cents. payable January - 10 stock OF record
ogiIyie Flour Mills. Ltd, quarterly OF per
cont ON the common. payable January = TO
stock OF record December Is
Springfield & Xenis RAILWAY. % per cene
ON the preferred stock payable Decemper -
,n stock Of record December IS. and an initial
of . per cent on the common, payable on the
Union Trust Company, quarterly OF per
cent. payable January 10 stock OF feeor'
December ~. -. -
Winnineg Electric Company. per cent pay
ahie January > TO stock OF record Decemoer ~
connecticut River Power Company. or Maine,
regular semi annual OF per ceht on the CON.
mon stock. payable January TO stock OF
record December %.
Now England Power Company regular semi
annual OF q per cent on the preferred stock.
payable January 10 stock OF record Deem
Der %.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
TRADING ON THE
CONSOLIDATED
IIrdertone Fairly Firm During
Evident Liquidation and
Short Selling.

l., tho face Of evident liquidation i'm
,rorninent stocks like Canadian racine
Tow York Central. American Telephone
and Telegraph and Western Union. Il
,,.os tho subject Of comment on the Con-
soudated Stock Exchange that the hst
nc whole held remarkably we'll RAN
rosd rate and currency bill uncertain
ucs with the hardening OF quotations TOT
,in,a money. all eXerted an adverse IN
s,,o,oc Interstate Commerce Commits
toner prouty's railroad rate speech at
,ho ro,os Club last Saturday was widely
,,;,o,,esed on the floor. In most instances
,,o 20 o'clock opening prices reflected
,,oc,ires compared with Saturdays clos
IN, ouotatiors. Canadian Pacific was
5ou,r the most showing a loss or rs
roints Union Pacific and LchiEh Val
lev we're each down = Of q point, while
Pleading was down u, and Steel, Erie
,tchison. Amalgamated Copper, Pcnnsyl-
wanna and New York Central were each
down "a. on its subsequent fall in price
tho last named stock touched a low on
tho Consolidated Of 90l4. against 9OSS
IN the New York Stock Exchange. Can
adian Pacific failed to get under 2l7's,
against 217i, on the other board. the
lowest for American Telephone and Tele-
grarh on the Consolidated was HOS
against 10 on the New York Stock EN-
change Steel's lowest was 80, against
545k. while AmalGamated Copper aid no'
get under 6S7s, against $50. New Haven
however. got down to 81. against a low
Of s7is on the other exchange Ihcf'
WAS a transaction in marlborough com
mon AT II. the only market for that
stock in Wall street during the day
Business was on good scale of actiN-
itv with sales totallng $40 shares, and
commission houses handling numerous
orders. steel alone accounted for Paw
shares.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
DISSENSION AMONG
CURB BROKERS
Dealers in Oil Shares Want Re.
cent Decision Rescinded-
Grave Charges Are Made.

So much dissatisfaction has arisen
among certain brokers in STANDARD Oil
securities over the recent decision Of the
board OF representatives Of the New York
Curb Association in deciding to admit
these shares for quotation that Yesterday
IL was practically impossible TO obtain
quotations from the usual sources. Those
who desired 10 learn at what price any Of
the former subsidiaries OF the oil Trust
were selling were told that there were
practically no transactions. while in real
ity there was large amount OF dealing
over the telephone.
Grave charges were heard against the
large dealers in oil stocks. Some were TO
the effect that their opposition TO the
Curb Associations decision Was due to
deliberate desire TO keep the public igno-
rant of the private transactions.
Those who believe that the Curb Asso-
citation should reconsider It's decision base
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
SUE OVERLOOKING BOARDS
Stakeholder Attacks Chica 90
Light Companies.

Chicago, Dec 1j.-An attack on alleged
interlocking directorates Of two Of Chi
cago's largest public utility corporations
the Commemorative Edison Company and
the Peoples Gas Light and Coke Com
psny-was made to-day by James J. Nc
Carthy. a minority stakeholder in the gas
company.
Mccarthy applied to the Circuit Court
for an injunction 10 restrain the di-
rectors of the gas company from issuing
any stock or bonds and restraining Samuel
Insult. John j. Mitchell and James A.
Patten. all Of whom are directors of both
companies. from acting as officers or d.
rectors OF the gas company, giving as his
reason their connection with the Com
nonwealth- Edison Company
The bill asserts that the stockholders of
the Commonwealth Edison Company have
obtained control of the gas company and
have conspired 10 lessen its business, de-
crease the value Of it's shares, freeze out
the small stockholders, take over the
assets OF the gas company including a
surplus Of Sl6.OC0O00, and increase the
capital stock OF the gas company from
g.. 10000 to 100000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16

yesterday to the extent Of about 10000
shares.
William I. Boubright & Co. Inc, an
nounce the formation OF the firm OF Bon
bright & Co. with Offices at 81 Rue dc Ia
Chaussee d'Antin. Paris.
The gross gain OF the Brooklyn RAPID
Transit Company for November was be
tween 1850 and 1890 a day. or about
$4,000 for the month. and compares with
decrease Of 5000 for October and n
So coo gain in September.
Sales Of the United Cigar Stores Com
pany last Saturday totalled 1851 So. as
compared with $1,000 for the same day
last year.
The receivers Of the Chicago 4 Eastern
Illinois have applied to the federal court
in Chicago for permission to issue 5000. o0o
6 per cent six months receivers ccrtih-
Gates.
W. g. Van Antwerp. in view OF his re-
cent election to the Stock Exchange gov
erning board. has resigned from the nom
mating committee. lie was succeeded by
Howard Whitney, Of H.. y. Whitney &
Sons.
The Cotton Exchange firm Of r. J. Bro
ply & Co. will change the firm lame 10
Caldwell. Cosgrove d co. on January !.
The partners will remain the same.
Frank 4. Nanderlip. president Of the
National city Bank. is expected to return
TO this city from his vacation I'm Callfor-
mia early next week.
The Equitable Trust Company has de
cded upon special Christmas distribu-
ton Of 10 per cent Of his or her salary TO
each employe. THIS IS the same as last
year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
CHRISTMAS ON EXCHANGE
Committee Asks for Gratuities
for the Employees.

notice was published on the moor or
the Stock Exchange yesterday by a COM
mittee consisting OF William Gibson
Charles Barton and W. b. Defiaven.
asking the members TO begin making
their Christmas distributions to the five
hundred or more employees. Last year
slso5s was raised and there is much
speculation among the brokers as TO
whether this figure will be equalled for
1918
Stock Exchange firms are considering
the question OF holiday gratuities to their
employees. but state they will not be on so
liberal scale as I'm previous years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
SIX TESTIFY FOR STEEL
Witnesses See Plenty of Com
petition for CORPORATION.

A half-dOzen witnesses appeared al the
governments hearing in the United
States Steel Corporation case yesterday
and gave testimony in support Of the
theory that the corporation finds plenty
of competition in the steel business in
this country.
The witnesses were Oliver Johnson,
president Of the Wheeling Can Company;
William II. Foster, of Youngstown, Ohio.
president of the General Fireproohng
Company; William \. Kober. purchasing
agent for the II. j. Heinze Company. OF
Pittsburgh, and Gustav Q. Kunou and
w. II. Ilambin, clerks i'm the purchasing
department OF the Lehigh Valley Rail-
road
Fridays session will be the last before
the holidays, and the first succeeding
hearing will be on January ).
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
STOCKS IN OTHER CITIES,
CHICAGO STOCKS.

Chicago, Dec. l5.-The tendency OF the
local securities market was lower to-day
but trading remained small and pric"
changes were for the most part narrow.
American Telephone decline and Amer
lean ShipbuiIding commons advance fur-
nished the extreme movements. National
Carbon common and Union Carbide each
lost A point or more. while Sears-Roe-
buck preferred gained net ~. Fractional
declines occurred In Peoples Gas issues
Sears Roebuck common and American
Can preferred. Chicago Railways. Series
Q and American Can common advanced
Small dealings At unchanged prices &C
CURED I'm Illinois Brick. commonwealth
Edison. Chicago Railways. Series ! ana
>: American Ship preferred and Steel
common. The bond list was duh and
steady.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16

Stockholders OF the CRANKY Consolidated
Mining, Smelling and Power Company
Limited. have received a communication
from william II. Nichols, president OF
the company. in which II Is stated 'ha'
since the last quarterly report the man
agement has been very actively engage"
in carrying out the general programme
previously outlined The result or opera
tons at Grand Forks and PheniX for the
FOUR months ended october 81 last shows
a profit for that period amounting 10
S2j3.SOS. Considering the character OF the
ores handled this indicates highly salts
factory work
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
H. w. MUNROE IN CONTEMPT
New York Banker Must Answer
to Court in Boston.

Boston, Dec. l5.-After hearing argu-
mems of counsel in the Federal Court to-
day in contempt proceedings against
Henry Whitney Munroe. a New YORK
banker. Judge Morton remarked that the
facts were undoubtedly as the govern
ment had contended. II was absurd he
said. TO claim the privilege of professional
secrecy for checks offered in payment FOR
mercha ndise.
Mr. Munroe has been directed to appear
next Saturday for judgment. The con-
tempt proceedings arise from his tdilure
to obey an order calling on him to produce
before the grand jury certain checks
drawn by Boston dressmaker uhue' III
dictment in connection with the rece"l
smuggling investigation here
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
G. & o. to Issue Bonds, Report

II was reported in the financial district
Yesterday that the Chesapeake d. Ohio
Halfway Company is considering the issu-
ance OF about t3j, 10000 of the sl25, 900 600
issue OF first refunding and mortgage
bonds authorized In April. 1911. The pro-
ceeds from the sale Of the bonds. IL is
stated. will be used to refund 81, 900, 900
three-year ~ per cent gold notes and
s3OO.ooo one-year per cent notes matur-
ing June /, 1914 The remainder Of the
proposed issue will be used TO carry on
Improvement and betterment work during
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
Latest Dividends Declared.

Albany & Susquehanna Railway. So Is pay
able 10 stock Of record January >.
Central Coal and Coke Company. quarterly
Of H., per cent on the preferred and Ia per
cent ON the common. payable January Is TO
stock Of record December 81.
Commercial Credit Company OF Baltimore,
ouarterly Of Il. per cent the preferred
stock. payable January | TO stock OF record
December 20. and Ia per cent on the COM
mon payable on the same date.
-. G. Heath d CO., quarterly OF ~ per
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16

their claim on the charge that the con-
stitution has been violated. It is also
charged that in attempting to quote the
hourly transactions errors are constantly
made. inasmuch as only about half OF
the actual transactions are reported.
spirited discussion is expected to-day
at a special meeting OF the curb's board
Of representatives, when the resolution
will be offered that the decision for adj
hitting Standard Oil shares for quotation
be rcscinded
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
Dividend on Bankrupt Wireless.

Portland. Me. Dec. l5.-The holders Oh
s,S.57s outstanding shares OF stock OF the
United wireless Telegraph Company VIII
share Z, a $500 900 dividend soon to be de-
clared by trustee in bankruptcy acco''-
ing to a report of special master con-
armed I'm the Supreme Court to-day
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
PORCCPINES
soek Gifts for Invalid Poor.

TO give the inmates OF the hosp'ea's OF
the Department OF Health merry chris,-
mas this wear Health Commissioner Led
erIe Yesterday made an appeal for con-
,rihu,,ons FOR that purpose. Last year. he
said more than l.j'Oo inmates OF the dit-
ferent institutions were remembered
some of the gifts last year enabled tne
authorities to continue certain
work throughout tina year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
CURB ECHOES.

Net earnings Of the Tonopah Belmont
Company. for November were SlsL5"|
compared with $751; 332 In October. The
decrease was due to the drop IN the
price I'm silver and 10 power trouble dur
ing the month.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
CURB STOCKS

FURNISHED by Middendorf williams Co, IN
corporated No. 81 Pine street, New York
and No 10 East German street Bat!moreD
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16

The net earnings OF the Jim Butler Tor
November amounted to F15l3. compared
with SC. lO9 in october, an Increase OF
81 ,0H.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
PUBLIC UTILITY NOTES
General News and Earnings of
Various Corporations.

The report of the earnings of the sub
salaries of the American Public Utilities
Company for the twelve months ended
October 81. 1913, shows gross earnings
from corporations TO he s2.23l $40; oper-
ating expenses 1925. 2S2, leaving the net
earnings from operation s995.52s. With the
miscellaneous sources of income included
and expresses deducted the net income
amounted to 1.030540 The fixed charges,
being interest for twelve months on un-
derlying securities and collateral trust
bonds, together with the dividend on So
$4,000 preferred stock deducted therefrom,
leaves a surplus balance of S220,2S2.
Utah Power and Light Company.
The Utah Power and Light Company.
controlled by the United Securities Corpo-
ration. reports gross earnings for Novem-
Der OF s62. 6j3. as compared with NNJSS
for November last year an increase OF
SO. 2S5. or 81 per cent. The net earnings
for the month were $95.566. as against s66.-
O66, a gain of SO 800, or - per cent. For
the twelve months ended with November
gross earnings were s.70s,4s a gain of
s2SS 400 over the figures at tho end Of No
vcmber. 1912. while net earnings were 81
0O6. jl5, or 500. 9lS greater than last year.
Portland Railway Light and Power Co.
Stockholders Of the Portland Railway
Light and Power Company are in receipt
Of d letter from T.. w. Clark & CO., tho
operators of tie property. explaining the
reduction OF the dividend from 81 % to 81
ri [. T.I,
ION December I. 1912 the dividend on
the stock OF the Portland Railway Light
and Power was increased 10 81 25 "A share
quarterly and has been continued al that
rate. II was expected that tho city OF
Portland would increase in population.
and that therefore tho earnings OF
the Portland Railway Light and Power
Company would continue al approx
mately the same rate as during the pre-
vious seven years. In order to prepare
the capacity and facilities for meeting
the requirements OF this anticipated
growth large investments were made
during 1911 and 1912 for hydro-e electric
plants, equipment and extensions Of the
property.
During the year Portland has not grown
as expected. In many respects progress
has been made, but the Portland Railway
Light and Power Company and many
other business institutions in Portland
have been temporarily over-developed As
a result interest charges and taxes have
increased more than net earnings and
surplus earnings available for dividends
have, therefore, decreased.
After very careful consideration OF the
earnings OF this year and the prospects
for the coming year the directors have de-
cided that a wise and conservative bust
ness policy requires that the dividend
shall be reduced. The gross and net earn
ings now being obtained indicate that We
are justified in anticipating an improve
ment i'm business conditions in and around
Portland, and that 1914 will show most
favorable results
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
TONOPAH STOCKS.
CANADIAN STOCKS.
MISCELLANEOUS STOCKS.

zig -Four o. % Round MI J. 20
Mines 81 A zoo cl.'9 san Toy. - y
Soy Hnls.. ~ % SlF King CI@ 20
Ncy Wond / % ] sH4 Yukon Gold 200 -l-'s
Pits 81 Pk 80 IS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
Furnished by william ". Cohen. NO. ~
Hrradpuy.l
BOSTON STOCKS.
RID Ash

r-urnish,d by Charles Head & Co. 40. u Wall
street,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
TORONTO STOCKS.

FURNISHED by j. j. Carew. No. ~ Broad
street,
COBALTS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
BRIEF WALL STREET NEWS.

London was a purchaser i'm this market
yesterday TO the extent Of about 1000
shares
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
$5OOO,OOO
Illinois Central Railroad Company and
CHICAGO St. Louis and New Orleans Railroad Company
JOINT FIRST REFUNDNG MORTGAGE $50 BONDS SERIES "A"
JOINT FIRST REFUNDING MORTGAGE $50 b
Dated January 1, 1914
DUE DECEMBER |, 1868
Interest Payable June LIST and December fst.
The Farmers Loan Company, New York. Tru'

Payable Isl an
~
md
rohr pdndm INTEREST," BONDS
Bhrn and po n
yS%S'T %u1y@ MaI S
/ President company INV "
wrt in
tSua:ge aud
enuck al
where subject
anoto e
thu
eno rlat&trm
OF ttonh poH OIL
mo The
Illinois Cenra
cen ont capital
made the letter above mentioned
h
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
denominations OF 1000 and $500 eae with ese
registered bonds reeXchngeab Tor

Roth principal deduction for taN ass
Trusce be 10 retain tbereron under
America, OF any Territory County or Municipal
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
STANDARD OIL SUBSIDIARIES.

Nurnishcd ~ Carl IT If0rlheimer. 70. 2
Broad street,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
iNDUSTRIAlS.

FURNISHED by Harry r. Thompson & Co., No
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16

UNDERSIGNED BONDS, SUBJECI
otopm b efo
ofUp Pending 1.-THE grgf
swhee ad,wnb dANdT
list these
!" "''' Barring BROTHERS ~ " KUHN, LOEB T. co.
ppEMn1a pa
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16

Ri4 AK
T. Rps'on II 1917 H.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-12-16
BALTIMORE STOCKS.

'Ex dividend
The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1913-07-19

FOR RENT--Furnished Or unfurnish-
cd house on N. Y. ave. Bath. lights
running water and all CONVEX
sences. Apply to Mrs. F. A. Nor
rell at Mrs. S. NJ. Booths. South
Kentucky avenue. Phone 3o4-
blue. EiI
The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1913-07-19

ie.uctan,R N2 laa 10 Qru back /
was con.olcd b. The reception | got
or arrival from the family in the red
topped tents. They we're al there
holding a rtceriou-the head, in
stripes looking like a red laced Il bra.
his VIE. in chocolate tinted cos.
tune; his two dluohters, one in sal.
mon color and he other in pink; and a
young man whose relationship to the
family Is not Yet assured, clad In a
black costume and a BIG bath towel
We made gay morning Of it on the
beach, with thousand more. and I
have yet to see precisely where the
morality OF our conduct can be cues.
toned.
In fact, nowadays it is not ouaa
toned except perhaps by Mrs. Grundv
quietly weeping in corner over he,
waning influence. Sunlight, fresh air
SAT- sea and exercise bring together
the sane mind in the sound BODY II "a
physical ideal and the nearer wa
live up to 1t the further we get from
laxity. There is much more danger in
absinthe, crowded rooms hot and
heavy with perfumes and the from.
frou of deliberately proyocativ-
skirts"