davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
WARMTH AIDING TRADE
Little Definite Improvement
Yet Appears, However.

Commercial agencies report that the
Improvement expected in trade conditions
has not yet appeared. but that the more
seasonable weather is producing some
favorable effects.
"Dun's Review" will say to-day:
Expected improvement in trade condi-
tons has not as yet materialized, and,
while indications of progress are manifest
in certain directions, there is still lack
Of uniformity in reports from the leading
centres Buyers in practically every quar-
ter are conservative in their operations.
"Some talk is heard of further curtail-
ment at cotton mills in consequence OF the
sustained high values on first quality
spinning cotton. on the other hand, con-
ditions in wool have improved perceptibly,
and worsted plants are reported TO be run
ming al considerably greater capacity than
a few months ago. Trade in footwear has
broadened somewhat with the advent OF
the Easter season.
Gross earnings of railroads making re-
turns for two weeks Of March are per
cent less than last year, while bank clear
ings this week were 8.3 per cent larger
than in 1913, although showing a loss OF
AZ per cent in comparison with 1912
Commercial failures reported this week
numbered 343, against 24S last year.
"Bradstreets" has the following
Retail trade expands where bright
warm weather prevails and jobbers feel
some Of this in recorders for the late spring
season, but wholesale trade, industry and
new financial operations go forward halt
ingly Distant buying IS held in check
by conservatism. Poor country roads, FOL
lowing the thaw. restrict interior move
rnents and industrial lines as whole are
not doing better than fair However, the
more springlike weather has quickened
final distribution. aided jobbing lines
slightly, made for resumption Of outdoor
work, helped soil preparation for spring
planting and sustained winter wheat at
its previous excellent condition
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
petrenchment by Railroads
deceived with Mixed
Feelings.
other LINES SUFFER
IN THE COMPARISON
A., Good Gained by Attempts to
Force Hand of Commerce
Commission.

a-r.osd retrenchment, rs begun by the
..,,vania. had a mixed effect on spec
f' .,..a sentiment. the idea that 1t is al
darkest before the dawn struggling
81 ,ba conviction that increased rates
"a ~, cone before June AT the earliest
go was some disposition 70 criticise the
i,e.y that overplayed. It was thought the
p ,..,,,n,e condition Of the carriers. The
,-..r.,ate Commerce Commission from
. ~ accounts is working as hard as it can
% ...cb an early decision, and nothing IS
- =. gained by trying TO force It's hand'
,,.,r there are roads with capital 10
.a,ss which cannot afford to retrench Just
.aw however much they might benefit IN
-. and They have TO keep up DIVIDENDS
.r,n AZ the cost Of surplus, until they can
.'r. the corner Of refunding note issues
sas other obligations. When stronger
~oaas Law off men and cut dividends or
.''ns,d,arles they figure unpleasantly In
,hA comparison.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
RAILROADS CUTTING
DOWN THEIR FORCES
Pennsylvania Policy That of
Other Big Lines, but Is Not
Yet SO Drastic.

Announcement by the Pennsylvania
Railroad OF drastic curtailment In It's
working forces brought out yesterday the
information that other big systems in the
East have also been adopting similar
methods TO reduce expenses. The New
York Central, the Baltimore & Ohio and
the Erie have announced retrenchment
policy, which began in some cases before
the end OF last year. For instance. the
Erie Just before Christmas laid OF 1000
men, and has been operating since that
period under orders for the exercise OF
the strictest sort of economy.
The general movement has now spread
to the maintenance of way forces, and. In
a limited way, to trainmen and other en-
ployes directly concerned with the move
ment Of trains. 1t is not denied In New
York railroad Offices that the discharge
Of employees has caused widespread dis
content and that railroad executives are
being freely accused Of laying off labor
ers TO pay dividends TO millionaires.
representative OF the New York Gen.
trail declared Yesterday that no radical
changes in train schedules had yet been
decided on but he admitted that the man
agement was studying the situation.
and that the number OF trains run VIII
be adjusted to the traffic offering. Some
minor economies have been effected re-
Gently by consolidating trains.
President Truesdale Of the Lackawan-
ma said the management did not at pres
ent intend to lay off any men. our
forces are still down on n winter basis,
he added. land as far as tho mainte-
nance department IS concerned Will be
increased somewhat after April /, but not
as much as is usually the case at the be-
ginning Of spring"
At the office of Vice-President Norhees'
Of the Reading IN Philadelphia, 1t was
said that no great policy or reuench-
ment had been planned and no passenger
trains had been taken off.
The trend Of revenues and expenses
have made necessary a reduction in the
payroll OF the Lehigh Valley, and 1t is es-
timated that Sc per cent Of the norman
working force is now working Sc per cent
Of normal time. In other words, the
roads working force IS being employed
~ rs per cent Of normal capacity. IL is
we'll known that railroads in New Eng
land are retrenching because of the New
Haven situation. In February the Bos-
ton & Maine was forced TO cut down its
payrolls fully per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
THE METAL MARKETS.

copPER-The local street market FOR
conner Was steady. with lake quoted at loo
nominal; electrolytic, l4.62lac' and casting
14s7isc. Standard copper on the New YORK
Metal Exchange was quiet. with spot. March
April and May quoted 1880 lAZoo. In
Tordon conner closed easy az fs4 lis 81 FOR
SPOT and fe5 Is 80 for futures.
TIN-steady. with sales OF - tons on the
local exchange spot and March tin in New
York closed IS 2259 s.42i.o; April, 8s.l5 Q
8s 2oc; May. ss.25q IS. SOC; June, Ss;4! !; 2
90 50c and July. 3s55q3s. roc. In London
I'm closed easy at fl74 IS for spot and flIo
IS Cd for futures. . eEaao..
ors vast 81 Louis. 3T0Q 8 soc. London lead
closed at i19 IS %.
SPFI TER-Flrmer; New York spot b.23 2
( S0. and East St Louis, 5.lO8 5.l5c. London
spelter closed at al Jos. 49,,
iron market steady at sl5 25 sle for 10 I
foundry Northern; No 2 Nortnern. sls q
si575. No j Southern. SIS q SIS 80. and No
southern. tl4 50GSl3
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
MAY ARRAIGN IMPORTERS
McReynolds Says Limoges
Dealers Undervalued Goods.

Attorney General McReynolds will con-
fer with District Attorney II. snowden
Marshall to-day to as the ACCESSIBILITY or
prosecuting the defendants in the S'OoO'oW
suits growing out Of undervaluations IN
the importations Of Limoges china.
After Ambassador Jusserand protested
against the prosecution of the importers
Mr.. Marshall sent confidential report OF
the litigation 10 President Wilson. II
charged the importers with submitting
factory prices IN their custom house In
voices instead OF market prices, required
BY revenue laws.
Arguments OF Assistant Attorney Cen
eral Wemple, who investigated the case
for the government here and abroad. and
these of William NJ. WINS. counsel FOR the
defendants will be submitted by Mr.. Mar
shall to Attorney General McReynolds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
pulness at It's Worst.

Yesterday might better have been a oiiz-
zard day than that March 9 that was fol-
lowed by the dullest stock market session
in many weeks. 1t was possible after the
bllzzard-Eastern size only. as 1t waste
pretend that there would have been
really active market but for that. But
yesterday. with weather, conditions no
way short Of ideal. the plain fact had to
be faced that speculative interest was al
most completely confined TO the marble
halls in New street, and that there wasn't
80 much there but what che was perfectly
safe in spending two hours over luncheon
Instead Of the usual twenty minutes. The
commission houses did little, the room
traders hardly more. WAtchful waiting
was succeeded By weary waiting-waitng
for 3 o'clock 10 come. but nothing else. II
there was an added irritation 1t lay In the
reflection that the summer was sure 10
provide It's rainy afternoons and Joyless
announcements OF wet grounds" but not
for kings ransom could ball game
b found yesterday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
M Norfolk Southern Dividend.

The regular quarterly dividend OF y OF
ner cent on the stock OF the Norfolk
Southern Railway. usually declared al
this time, was passed by the directors
Yesterday. Dividends at the rate OF per
cent were begun by the company IN req
ruarv. 1911. The road is the reorganized
Germany OF the old Norfolk & Southern
Railway, which was foreclosed IN Decem-
her. 1909 The present company has slo'-
600. 900 stock outstanding and sl2'oooco hrst
mortgage 5 per cent bonds. Last Janu-
airy the stock sold at 4S. and on Monday
Of this week It sold at 2Si.. There were
no sales yesterday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
Nau ORLEANS March 27.-Cotton had a
WHEAT AND CORN EXPORTS.

Wheat, including flour. exports from
the United States and Canada for the
week ending March 26, as reported by
telegraph to "Bradstreets'' aggregate
27sO.S52 bushels, against 4,isolol busnels
last week and S,077, 494 bushels this week
last year. For the thirty-eight weeks
ending March % exports are 2ol'SS'SSS
bushels. against 176,73s.S97 bushels in the
corresponding period last year. Corn eH'
norts for the week are l34.Sol bushels
against e,445 bushels last week and l.
Isl 100 bushels in 1913. For the thirty
.tgbt weeks ending March % corn exports
are 2,s22, SOS bushels, against Sl'Soo'Vo" ous'-
els last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
Cheap Money in Season.

vba. Is normally the season OF cheap
money is now well under way and BANK
a.. are expecting nothing but low rates
Will the fall. Time money meets with out
,,,ls demand Call money Is not so 10"
.sit Is likely TO be. but the rate for re-
rswals is hardly more than nominal
commercial paper. the best names is IN
many cases on a 31s per cent footing, with
lper cent the figure for ordinary transac-
,ions. over the year funds are practically
unlendable. They are offered freely at
n.r cent. but the best bid IS Si2. If rates
tollow classic precedent they will continue
n decline until September, with a brief
Interruption in the latter part OF June ana
early July. when the big semi-annual dlvl-
dend and interest payments are met.
ordinarily call money is at its lowest IN
midsummer and time money in June. Can
money touches its top In the last week oil
December. time money in September.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
PHILADELPHIA WOOL MARKET
rBy telegraph to The Tribune.

PHILADELPHIA March 1.-THE local wool mar
~ has been featureless during the last week.
ard trading, except in spots. has been slower
than at any time since the incoming OF wool
nee manufacturers. now show a tendency
- vaIt for Developments IN preference 10 re-
rlenlshlng stocks at tho present time. The
s,rongest demand has been for neeces, and
on large transactions slght concessions nave
boo, made TO get the sale. Quotations are:
Nevy York. Michigan and Indiana. nne delaine,
unwashed, 2Oqalc. one-half blood. unwashed,
2iGgSc; three-eishths. 2tG-oc: one-quarter' 4v
seedy ana cotted. l7alsc: Ohio. Pennsylvania
and West Virginia. fine delaine. washed, 2'B
sc. Xxx and above. -6Qs7c. one-haf blood.
a-5iosr. one-quarter and three-eighths. e6H21c;
,rcrchantable X or Xxx. 23feic fine delaine,
asqe,c. X or Xxx. Hare one-halt blood. .og
s5i,r. three-eig htha. 25n25i.c. one-quarter, 20
ejL.c. braid and low comning. i9G-lc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
Rack Island Fails to Appear.

For the first time in-only the stadsti-
clans know how many-months ROCK
Island common was rot dealt in at all
Yesterday. II never has been simple
matter TO estimate the value Of that
stock. which is as far removed from the
earnings centre of the system as any Sc
eurity could be, ard the task has been IN
creasingly difficult since the beginning or
the year But that hardly justiies the re-
mark made yesterday that Eat last 1t was
selling at its real value" Either by as
suming that the stock Will be allowed to
lay an assessment IN the reorganization
and get securities Of the underlying COM
pany in exchange, or by a calculation In
proportion based on the relative prices or
the collateral trust bonds and the stock
on other days, It is possible to arrive at
market "value" for Rock Island common
that has no minus mark before It.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
WHEAT LOWER ON
GOOD CROP REPORTS
Corn and Oats Gain in the
Late Trading-COffee
Down.

There was little activity in the wheat
market yesterday, with no aggressive
tone to either side; crop conditions were
said TO be excellent. there was no export
business reported. and the local market
closed at net unchanged to 10 OF. Corn
from the Argentine was again offered at
less than a parity with domestic. but on
heavy buying by Western houses there
was a rally IN the late trading. and net
gains for the day were AGSc. Oats fol-
lowed corn and gained isc for some
months, others being unchanged.
Coffee markets abroad failed to fully
respond to the upturn here on Thursday.
and tho local market at one time showed
declines OF Il to "a points. but there was
some recovery in the afternoon. and at
the close net losses were only to 10
points.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28

pROyJSJONS - Lower. with liquidation
r-on1nted by weakness IN the hog market and
liberal supplies and rather indifferent cas-. cash
demand PORK-Barely steady; mess. SD
so3 30. family, s24qs26; short clear. so ESQ
500 BEEF-steady; mess slsqsls 5o' fam
Nv slSGs20; packet. SIS 50dSlg 30. extra
Ind India mess. s27as2s. DRESSED HOGS
barely steady: bacons. 12l. Nl2Ac: pigs, l3ltc
CIT MEATS-Pickled bellies steady. i3.g
i4Ilc: picked hama, l4i>gl4Ac... TALLOW-
steady; special, eac; city. CSC. nominal;
country. eae,.c. I.ARD,--steady; middle
west ioS0GiO coo; city. 1o2sc; refined. barely
steady; South America, 1l75c Continent.
lii5c; Brazil kegs, l275c: compound firm.
s%gs.c. sTEARINE-Easy; oleo. SIC; city
lard, i1i5c.
NAVAL STORES-There was a nrmer tone
to the local turpenune market. in sympathy
with the advance al the South. and prices
were 40 higher. Rosin and tar were IN
changed. SPIRITS -TURPENrINE-M Machine
bbls. 1910. TAR-Retort. s. rs: Kiln. s..
ROsIN-Comrnon 20 good strained. 4 soc: II.
4S5c; D and E. 44oc; +, 445c; C. 400: II.
4a5c: l. 4s0c; X. 400; NJ. 6.2oc; y, 6.l5c;
VIC. $780, and WV, 6.T5c.
COTTONSEED OIL showed moderate
advance early, but under liberal offerings and
light demand prices gave way and closed a.
net losses OF . to points. Local contract
prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
SUE IN OIL DEAL
Stockholders of Caledonia
Crude Oil Want Accounting.

Newark. n. j.. March 27.-Stockholders
in the Caledonia Crude Oil Company
have filed petition in the United States
District Court requiring DR.. Alexander
Dallas, OF Caldwell. TO render an ac-
counting OF his administration as presi-
dent OF the company.
Claims for sums invested In the oil
company will amount TO $4,000. accord
ing TO William Tyacke, jr.. counsel for
the petitioners, who number ABOUT
seventy residents Of neighboring states,
and include Police Commissioner Doug
las J. Mckay. Of New York city, his
father and brother
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
CASH QUOTATIONS.
GENERAL MARKET REPORT.

New York. March 81, 1914
NEUTRALITY-SUSPICIOUS. inactive. with
comparatively narrow price changes. and values
/ showed tendency TO follow corn, although tho
close was net unchanged 10 &c lower crop
adyices were OF satisfactory nature The
Modern Miller stating that in general West
/ ern states showed splendid conditions, with tho
plant well rooted. Northwestern cash markets
were steady, but demand limited and
business was light. Export bids were againt
out OF line IN the local cash market No > hard
winter wheat was quoted at 81 oos4. T. New
York; No red, 81 " u, elevator domestic.
No ! Northern Duluth, 81 O24 Z b ahoat.
toba, 81 03l3. b ahoat. CORN-Conditions
were unchanged. but while offers from tho
Argentine were again liberal scale at
prices under quotations for American corn
leading commission houses In the West were
heavy buyers, and after showing weakness
early the market rallied sharply and closed
firm. with net gains OF l.U4sc. Cash No
yellow corn was quoted at 74ac. c I. to ar
rive OATS-The market was easier early. but
unchanged TO sc higher. Local cash market
quiet. standard white, 46g461sc; No 2.
46n 4iIc: No 3, 459Hi6c. No 4. 4Jg4Jhc;
ordinary clipped, 45g47lac; fancy clipped, 469
4S1ac; all elevator. RYE-birm; No Vest
ern. e9iac, c 1 Z. New York. export BARLEY
Easy mailing, 6s462c, {. Buffalo, OPEN
ing navigation. BUckWHEAT-steady; Ca
Japan. 81 054$2 10. Wheat 0ncluding -FOUR
exports for the week. according 10 Bradstreets
aggregate g $50 352 bushels against 4.4sO. lOl \
last week and 2sl2Tl6 last year; since July
POI. eos, $3.50 bushels against 176 i33 s97 lasryy
year Corn exports for the week. 134. 30l brsh-N
es, against 90 AS last week and l.4sl, 100 las.
year. since July 1. 2.322, 62s bushels against
4 Ia
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
BULGE IN CHICAGO CORN
Heavy Trading and Sharp Ad-
vance-Provisions Decline.

Chicago, March 2. - Corn trade ex-
banded to huge proportions to-day. and
the market. after violent changes, wound
UP at an advance OF 1850 net II looked
as II a big game had been attempted. q
group OF strong houses trying TO dislodge
all weak holdings and absorb the offer
ings at lower prices. Wheat closed firm
at sc of TO shade advance, and oats
unchanged to 1-l6c higher. but provisions
were down 2i:Gloc. Range OF prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
Railroad Earnings.

The following railroad reports for Feb
ruary were made public yesterday:
chicago e. Northwestern Gross. 81. 663. Ola;
eec,rase. 500 433. net. S39l sos. decrease.
Sal .9i3. .o-,,.o $1,000.
s,ss III. net. $40 8S5. decrease, SAG. $50.
''Crntral OF Georgia Gross. 81. 10000. In
crease $50 100. net s229.ss5; Increase S'i 'olo.
" Voc A. Mississippi Valloy-Gross, $ssO, $50.
Increase. si37.45l, net. S266 4ol; Increase
Slg2. 92S. 80. s..,....
Ssgt al: net Sl,5G7. iij. decrease, S'l-ltp.
chicago St Paul, Minneapolis omaha
Gross 81. az. $50. increase. S-5,355. not s-s3'
40. increase, &2s.8O<
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
Seeks s10,OOO,OOO Bond Issue

Columbus. Ohio. March 27.-The Nor
folk s. Western Railway Company asked
the state Public Utilities Commission
to-day for permission to ISSUE 100000
oo,innent trust certificates, the proceeds
to be spent for rolling stock The com
mission will hold "A hearing on tho APP
nIication next Wednesday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
Want Double Holiday.

Members OF the Stock Exchange voted
yesterday unanimously IN favor OF closing
on Good Friday and Holy Saturday Tho
matter now goes to the governing COM
mittee. II business on the exchange con-
tinues as dull as at present. 1t Is believed
that the governors will act favorably.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
Judge Gary Gives Luncheon.

r. II. Gary. chairman OF the United
States Steel Corporation. gave a luncheon
yesterday to several friends at the Rail-
road Club. Newspaper men were not ad-
mitted. II was stated that discussion OF
business conditions was tabooed
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
Union Pacific Buys Engines.

The Union Pacific Railroad Company
announced yesterday that 1t had pur-
chased hfty-four locomotives from the
Lima Locomotive Corporation OF Lima
Ohio, at a cost OF sl.3O0.OOo. Twenty-Five
are of the Pacific type of locomotive.
fifteen Mikado and fourteen are switch
engines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28
PUBLIC UTILITY NOTES
General News and Earnings of
Various Corporations.

Tho American Gas and Electric Com
pany TO meet increasing demand for cur
rent, has placed an order with the Cen
eral Electric Company for two 10000 kilo-
watt generators with steam turbines
One OF tho new generators IS to be in
stalled ut the plant OF the Canton Elec-
trio Company and the other at the Scrar-
ton Electric Company. subsidiaries OF the
American Gas and Electric Company.
Portland Railway, Light and Power.
Financial statements of the Portland
Railway, Light and Power Company are
beginning TO reflect an Improvement in
earnings and also OF business conditions
in the Pacific Northwest. Gross earnings
of the company for January Increased
90 per cent over the same month In 1913,
while net earnings increased IL per cent.
with an increase in surplus after charges
of l.3 per cent.
Louisville Gas and Electric.
The reorganized commercial department
OF the Louisville Gas and Electric Com
pany secured contracts for 6,i79 horse
power Of new electrical business In the
SIX months cllueQ TeDIudIy 4, 4'lf' w"
electrical customers numbered 2,l59. The
new lighting business contracted for ag-
gregated 1904 horsepower. and the addl-
tional power business S.433 horsepower
Contracts for natural gas for Industrial
purposes call for an estimated annual
consumption Of 221,6lOO00 cubic feet, and
these were taken upon the ordinary rate
OF S5 cents per thousand cubic feet.
Lehish Valley Transit.
The Lehigh Valley Transit Company
in its report for the twelve months ended
February 2S. 1914, shows gross earnings
increased S203,3l7 over the previous year
and net sl02,66o The balance for divi-
dends increased from s277,S2l to s2S62h.
February gross earnings increased S6o4''
and net after depreciation charges, SZ'lSS'
Interest charges and taxes were $lo'l5s
more than I'm February, 1913. due 20 IN
creased taxes and 10 interest on bonds
issued to pay for the extensive improve
Inents of last year. The heavy snowstorm
in February cost the company NSOn'
causing a deficit Of LAO for the month.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28

exports o; copper for the week ended
s.sFeh 20 totalled 1o.lOs tons. against 49,
.'' tons IN the corresponding week OF
1919.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-28

a gain Of between $4,000. 600 and 3d.
V'"v'o BY the New York banks IL indi-
ss's' by the reported movements OF cur
.'ncy tnis week. Tho gain from the in
.'or was ts.fSo.oO0. the shipments 10
ma. point Including 1890. 900 national
~e"H notes sent - Washington for re-
es'npton The loss 20 the sub-Treasury
vas is.77f.OoO. Cold coin 20 the amount
'S,ooO was received from Canada.