The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-04-29

II Is reported United Cigar stores COM
pany will invade England and that ar
rangements have been made with COM
bination OF independent English cigarette
firms.
Canadian Railway Commission cut pro-
posed 'An Red Line Railway from pro-
iected mileage Of 3.27) to loo miles, re-
duced capital stock from $lOO.0o0.ocO to
SlO.OOO.0OJ, and changed name to "Labra-
dor, Quebec and Southern Railway.
The total earnings of Standard Oil. OF
New York, for the year ended December
il. were Sl6,2l2,9l5
While the company made public no
statement OF earnings for the year 1872
deductions drawn from balance sheets
as filed with the Commonwealth Of
Massachusetts, indicated profits of ap-
proximately s15.OOO,O0O equivalent to about
100 per cent on the old capitalization and
~ per cent on the present 81. 10000 capital
stock.
Alvin B. Cross. of Lewis johnson &
Co-"The result of this Mexican trouble
will be to delay people in buying. Banks
and insurance companies will both hold
back their funds. which would naturally
be for Investment, and also will be look
ing for little better rates upon their
purchases. / believe that people here
generally fear a protracted struggle more
than they talk. We must expect a let
ting up of business until the situation
is favorably cleared up, and then, II
this is not of too long duration, you can
depend upon a tremendous active BUSH
ness. l think I can see one good thing
as a result of this Mexican trouble. pro-
vided that it is not of too long duration.
and that is. that the present-day agita-
tors, trust busters, and regulators of
everything will lose their job because
of the more acute question Of the war.
If il does this, these questions may lose
their popularity. People this way are
beginning to get sick of the regulation
of railroads and corporations that are
driving them into bankruptcy, and re-
organization Of business that is employ
ing less labor and reducing the hours
of those that are employed, and a pass
ing Judgment upon the methods of the
elections of other nations that is re-
sulting in war. People are beginning to
talk out in meeting more. and beginning
to appreciate more and more the wisdom
OF pursuing a policy which will develop
in the minds of everybody the idea of
everybody attending faithfully to their
own business and letting other peoples
business alone"
Bar silver's advance on the London
market to q is showed the definite effect
of Mexican conditions upon the interna-
tional market. At this level bars are at
their highest since November 10. 1873
Meanwhile they have sold as low as
. 15-16. The New York quotation yes
terday was 80 cents, rise of 1-2 cent an
ounce.
For some time Mexican supplies have
been restricted. Imports into the United
Kingdom to March 81 this year were
q, 1902 ounces. compared with 53,63i. 31l
ounces in 1913 for that period and 81, 40. 1873
ounces in 1872. This reduction of prac-
tically one-third in the current supplies
is chiefly on account of the unsettled con-
ditions in Mexico. Smelling operations IN
Northern Mexico have been quite gen.
orally discontinued, making the prospect
for current supplies still less favorable.
It is understood that the request of
Gen. Huerta with respect to American
employees of the National Railways of
Mexico was expected to apply to all such
in Mexico. except those who were specifi-
cally requested to remain. AS we an
nounced last Saturday, e. N. Brown.
president, was one Of those asked TO stay.