davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09

TO THD HOLDERS or THE MISSo,r,
PACIFIC RAILWAY COMpANYs ~,
INGTON DIVISION FIRST NORTH,
BONDS, AND TO WHOM 1T NAY an
Germ:
NOTICE Is HEREBY GIVEN 4, -
undersigned Kuhn. Loeb & CO. Reorss,.-
tion Managers under the Plan ana a.
ment OF Reorganization IS modified JgS
1916. OF The Missouri Pacific RAILWAY a..
pany and St. Louis. Iron Mountain a.,
Southern Railway Company. as the bss..
Of certain OF The Missouri Pacific Rsn,,,
Company's Nhe predecessor Of the p-s..
The Missouri Pacific Railway Cor,s.,
Lexington Division First Mortgage ~.
secured by the FIRST MORTGAGE h..
October I, 1850. made by said The N,s,-
Pacific Railway Company 10 jesse y,
man. Trustee that said Jesse Seligm,s -.
on or about April %. 1894. ami tha, h,
President Of said The Missouri Pacific ?,
way Company has failed ami refuse
take any action for the appointmen, n
successor or successors 10 sald Jesse g.,
man as Trustee under said morrear. \,
that since April %. 1894 there Ia, =.
and now exists a vacancy In the trus,s.,.,
granted in and by said mortgage to "a.
Jesse Seligman. and that the underss.
hereby designate 1880 A " on the ,,s
day OF October. 1915. as the time and 4.
office OF The Missouri Pacific Railway a.
pany Ghe successor by consolidation 10 q,
Missouri Pacific Railway Company parv
said mortgage. 100 Broadway. New f-.
city. as the place for the holders q 4.
bonds secured by said mortgage 10 meet A.
choose a successor or SUCCESSORS 10 nm -
vacant ,rusteeship In accordance with :.
provisions contained IN said mortgage
KUHN. LOEB & co.
Reorganization Manager
New York, September s. 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09

is due TO the fact that only a COM
paratively small instalment has been
maid so far on account of the S315oo,-
600 of gold which has arrived mere
from Canada during the week, owing
to the tremendous labor involved III
unpacking and weighing the gold
Roughly, 100000 has been paid on
account. so that the balance OF this
large gold consignment will not beneht
the banks until next week"
Sub-Treasury-New York banks lost
to the Sub-Trcasury, s1,343,OOo.
Sil,er.-Bars in London, S2'4 pence
Bars in New York. 6Si4 cents. Mexican
dollars. 52ts m 555s cents.
Wagels bullion letter says: THE
market is quite steady and very
healthy The reasons for the slow
advance in prices are, first, that buy
ing in England is organized into what
may for all practical purposes be called
a trust, and. second. China has been
able TO supply. so far, all Indian de-
mands for coinage. The Indian bazaars
are not active, although the stock Is
reducing each week. With the ad-
vance of the season, however, they
must come into the market, at an early
date. The China market has practl
cally remained unchanged, exchange
remaining on about the same level as
in the previous week. The stock has
diminished slightly. The Bank OF
China and the Bank of Communica-
tions the two government institutions
in the country have resumed specie
payments, and the Bank of China is
being reorganzed. The stocks from
Shanghai and the ports have begun TO
move into the interior
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09

The department issued the following
statement commenting upon the re-
port:
Nearly all crops declined in condi-
ton during the last month, due to the
hot. dry weather in the Northern and
Central West portions of the United
States.
Corn declined in prospect during the
month $1,000 900 bushels; spring wheat
declined 100000 bushels; oats, 49,
100000 bushels; barley, II 100000 bush
els; buckwheat, 100000 bushels; po-
tatoes. 100000 bushels; rice, 1,4OO,-
600 bushels; cotton declined in prospect
in a month 100000 bales and apples
100000 barrels.
ION the other hand. tobacco
prospects improved during the month
81. 900 pounds, the hay estimate is
800 900 tons higher than the August
forecast and fax and sugar beets
prospects improved slightly during the
month.
THE reduction OF the spring wheat
condition brings the forecast of all
wheat down to only 100000 bushels,
which is not more than the normal do
nestle requirement, and compares
with an estimated production of
slightly over 1,O00,O0O,O0O bushels last
year, and 73s,O0O,OOO, the yearly aver
age of the preceding five years.
The corn crop forecast is now
slightly below the average production
of recent years, the shortage being
most severe in Kansas. II most states
almost an average crop is forecast. The
oats crop is short only in comparison
with early forecasts this season and
last years immense crop, because the
quantity now forecast is more than the
yearly average of the last FIVE years.
The potato condition forecasts an I'M
usually short crop for winter supply.
The hay crop is the largest ever esti-
mated and is an exception to the gen.
eral indication of short crops this year.
The tobacco and rice crops also prom
Use to be the largest ever produced"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
GERMANY PLANS
BIG WATERWAY
Bavarian Canal to Con-
meet the Rhine and
Danube Rivers.
By ERNST KAHN.

BIS Gable Via Copenhagen to tn. Tribun.)
Berlin. Sept. s.
Representatives of the Central
Powers are preparing to meet IN
Budapest shortly for the so-called
Danube conference. Plans will be
discussed at the conference for link
ing up the Danube and Rhine rivers
bv a Bavarian canal, thereby Gre
ating one of the worlds greatest IN
land waterways. The project as
outlined would open up a water
route from the Black Sea to the
North Sea, navigable to 1,00O-ton
steamers, running up the Danube,
through the proposed Bavarian
canal, into the Rhine River and
thence into the North Sea. Al
though the cost is estimated at $780,
100000 marks, the prospects for the
success of the undertaking are
favorable, inasmuch as the King of
Bavaria considers the project nee
essary TO the welfare of his state
and is using his influence in that
direction.
Rumania's entrance into the war
has stopped grain and petroleum
imports. Our grain imports from
that country last season amounted
to l,250,000 tons, but the closing Of
this source of supply is not disturb
Jig, as the new German grain crop
will total between 100000 and g.
100000 tons, surprising last sea-
sons yield. The government, any
how, forbids manufacturing of grain
spirits, and permits the brewerles
only half the peace production.
Bread rations for craftsmen and
children have been raised.
The government has forbidden
temporarily the use of petroleum for
lighting purposes, which has greatly
animated business in gas and cleo
tricity.
Rumania has in the past had
considerable interest in German cap
ital. Berlin formerly placed most
of the Rumanian loans. A good
deal, however, has flowed back dur
ing the war. German banks con-
troll a large part of the Rumanian
oil industry, but, on the other hand,
the Rumanian National Bank holds
in Berlin a large amount of assets
now confiscated by Germany which
eventually could easily cover the
loan services for a long period of
years.
A national conference has re-
Gently discussed ways and means for
promoting the welfare of invaded
soldiers in respect to sanitary, eco
nomic and social conditions. Among
other things it is hoped, besides the
perfection Of artificial limbs, that
industrial machinery will be so re
modelled as to give war cripples full
efficiency.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
Credit for Fourth Quarter
Brings Years Total to
$780, 00,000
ONE-EIGHTH OF 1T
RAISED BY TAXATION
Four Questions to Come
Before the Chamber of
Deputies Sept. 10.
BY YVES GUlOT.
Er.minster Of Public Works. Editor "l'assnee
Economique 81 Flnancere'

eeonomlque ct Flnanelere.'
Paris, Sept. S-When the Cham
Der of Deputies meets again, on Sep
TENDER 10, it will have four ques-
tions to consider: First, tie vote Of
credits for the last quarter of the
year; second taxes; third, loan;
fourth. renewal of the charter of the
Bank Of France.
Credits required for the last quar-
ter year amount to S,347 100000
francs, bringing the total for the
year to 32.OOO,OOO,OOO francs. AS
taxes for the year brought in only
4,0O0,000,000 francs, this leaves a
deficit of 2S,OOO,OOO,OOO francs.
In regard to new taxes, al Ribots
projects placed before the Chamber
last spring were thrown out with the
exception of the alcohol tax. What
new plans he has have not yet been
revealed.
| have spoken in previous articles
about the new loan. The habit has
grown up in recent years to impose
new burdens on the Bank of France
every time its charter is renewed,
hut this time there seems to be a
tendency to let it alone, and even to
give it greater opportunities for ex-
panSlon.
The general tendency Of the
Bourse was slightly less firm this
week, with considerable realization
on certain French stocks, prices of
which went too high in the last rise.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
SEEK TO RETAIN
BANKS CONTROL
Merchants National Di-
rectors Solicit Support
of Shareholders.

Directors of the Merchants National
Bank have taken cognizance of the
efforts of a syndicate headed by George
c. Warner TO obtain control of the
bank through solicitation of proxies.
1t developed yesterday that the at
tempt to wrest the bank from the pres
ent management originated about two
months ago, when Mr.. Warner and his
associates also tried to get the Market
and Fulton National Bank and the
Greenwich Bank.
A letter sent to the stockholders of
the Merchants National by the present
directors is for the purpose of counter
acting the opposition movement headed
by Mr.. Warner. This letter says in
part:
Your directors in due course will invite
you 10 give your proxies as heretofore 10
the following named gentlemen, all of
whom arc in hearty sympathy with the
present management OF the bank: Robert
Bacon. formerly Of j. p. Morgan & Co. and
late hfnDdSSduor 10 Nlllldu
Kingsley. vice-president United States
Trust Company. New York. and james
Brown. Brown Brothers & Co.. bankers.
I'm order that no shareholder may mad
vertently take action detrimental TO what
your directors believe TO be his best inter
c5ts. the following information with re-
sard to the condition OF the bank is peril
nent:
For the last ten years the business of
this bank has been more profitable than
in any previous period in its history. The
surplus and profits have risen from Janu-
AIRY. 1906. 20 January. 1916. from $780,
600 TO S2.2j7 GOO. and the gross deposits
from SO. $4,000 10 s35. 900. On Janu-
airy !. 1918. the dividend rate was in
creased from I per cent per annum TO s
per cent per annum.
With regard TO the offer OF s205 a
share for the banks stock by the War
ner interests, the directors state that
its book value at present is about $500.
II is the opinion Of the directors that
the liquidatng value OF the stock is in
excess of this amount
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
Mr.. Burdick with Moody's Manual

George Burdick, for fourteen yeara
a member of The Tribune staff. serving
for a time as city editor and more re-
Gently as financial editor, has become
associated with the Moody Manual
Company as assistant financial editor
He has wide experience of corpora
tion and general business affairs as
we'll as very valuable experience in
the financial district. Mr.. Burdick will
specialize along the lines OF investga-
tion and obtaining and Analysing data
for the Moody service.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
AUGUST A HARD
MONTH ON CROPS
Government Report Shows
Severe Deterioration in
Leading Staples.

Washington, Sept. Slot and dry
weather during August caused loss OF
100000 bushels in the prospective
production of corn, 100000 bushels
in that of spring wheat, 100000
bushels in oats and 46,O00,000 bushels
in potatoes. Tobacco production pros
poets increased 100000 pounds.
The following table gives the latest
government estimates, the yield Of 1915
and the five-year average production,
in bushels:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
Japanese Zinc Smelter'

A zinc factory which is beng :,
at Hiroshima. in the ShiInonsI..
Straits. by the Suzuki Shoten' OF % a..
will be completed in few wees wees ~,
erations were commenced in Apr's
and $500 hands have been emp =,
When the factory is compete -:
number OF employees will be me- a..
by 1900. The ore will be eh'e"' -
Australia and Asistic Russia Sn $50;
first be sent to rehneray Al sr>
which is also owned by the NV
Commerce Report.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
LEGAL NOTICE.

STATE OF NEW YORK.-oFFlcs Z"
TIE SECRETARY or : NE :,
IT IS HEREBY CERTIFIED. Lhs, 4
trade mark "GEAREASE. a ss.s !.
Finch Company, was this Gay Ps,., Z
business OF said Company d. lolN...,.
No 1865 Broadway. Borough ~ Mennts
city. County and state ~ New le.1 e,
WITNESS my hand and me 80
Office OF the Secretary OF go.
IScaL1 the city 81 ALBANY. This tni
day OF August. one thousahs
hundred and sixteen.
c. W. TAFT ....,
Second Deputy Secretary OF -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09

cent below that of last year and
nearly 20 per cent under the five
year average; also harvest OF
corn. barley and flax Of less than
average proportions. The indication
is for 6ll,000,000 bushels of wheat,
against 1,O11,O0O,OOO last year and
a fve-year average crop of 73S,OOO,-
600 bushels.
Under normal conditions there
would be nothing to worry about.
We should have only to reconcile
ourselves to the prospect of dear
wheat and diminishing exports
thereof, meaning perhaps a smaller
credit balance in international trade:
or, at the very worst, row with the
bakers who might try to increase the
price of the bread loaf. For all of
this we should be pleased to blame
the Spectator.
But conditions are abnormal. The
astonishing fact is that if exports
of grain from the North American
continent were TO continue for long
at the rate of the last ten weeks we
should soon be facing, for the first
time in our experience, the posi-
bility of an actual scarcity of bread
stuff. This is a novel and for the
present an apparently unmanageable
problem.
Out of our straitened stock of
grain exports have enormously risen.
BY the statistics of Bradstreet's it
appears that since July /, last, ex-
ports of wheat from this continent
have almost doubled, against those
for the corresponding time of last
year, and that the exports Of corn
have increased about Az times. The
figures are as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
U. s. Treasury Finances

Washington, Sept. s.-The e0a :. 4.
Of the United States Treasury N
close of business to-day was 81, q,
balance in general fund, S-cS S.s. ,s,,
total ordinary receipts, sl.soe,Sos m
ordinary payments. s4,o'.' so oas ~
deficit this fiscal year is go ,Ss rs
against deficit of s2l''oS''v, ~
year. exclusive of Panama Can"
public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
Chicago and North Western RAILWAY

NOTICE OF ANNUAL MEETING
The Annual Meeting ~ the stockhoi'
Of the Chicago and North Western "a
way Company viii bc held a. the one .
the company. 226 West Jackson Bol.., =.
IN the city OF Chicago. Illinois, on LlL,
day. october 10. 1915. - eleven ~.
a. NJ. for tho election - DfecioIss.
,be transaction Of such other business
NAV come before said meeting.
Transfer books will be closed on Moh,
September rs. 1915. ~ The close o. ols I.
on that DAY. and will be reopenea % y
dsy. october 90. 1910
Dated September I. 1915 49,,
RICHARD ". ASHTON. Frfs'ae|
JOHN u. CALDWELL. secretary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
DIVIDEND NOTICES.
BETHLEHEM STEEL tORPoh''V
Notice Of Dividends on
Preferred and Common ~tOen' -.

The third installment ~ ~. ~ s,s
per cent dividend upon the preierfss l.'s,,i
and OF 7ibcs OF the 80 per cent on. o., SO.
upon the common stock Of Bethie p. a..
Corporation. which were declared ,g...,i., /.
airy 20. 1916. Will be payable. 90 - !, !
o'clock p. N on September 10. 1915. 80.
fourth on January ?. 1915. 90 inae .
holders OF record az o'clock 7. ,,.sl
December IS. 1915. Checks vii Dc ~
Dated September !. 1871. e....,,,,J
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
FINANCIAL MEETINGS.
CHICAGO, SAINT PAUL. MINNE,P0II,
kND OMAHA RAILWAY 90.

NOTICE OF ANNUAL NEsIINH
The Annual Meeting Of the stockholders
Of the Chicago. Saint Paul Mlnn'apo :
and Omaha Railway Company VII le f.t
at the office OF the COMPANY, In ne t.N Y
Hudson. Wisconsin. on Friday. October Z.
1915. at nine O'Clock 4. 81. Tor the e.eet'l
Of directors and the transaction Of ssti
other business as may come before a.
meeting. A.,
Transfer books will be closed on We.
day. September IS. 1915. % the Close !,
business on that day. and VII be Feop-"
on Saturday. October 81. 1915
Dated, september T. 1915.
JAMES T. CLARK. Presiisi,
John y. CALDWELL. Secretary
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
MEETINGS.

The Annual Meeting of the stooesMnpsy
~ the J. r. LTNDE PAPER tON.s.
will be held at the Office of ne co,s.,,-
20 Beekman Street Borough 81 MssA :,
on THURSDAY. September -l .'TD..,..s,
O'Clock p. ", for the election ot -,
and officers. and such other 0us'D'"
may come before the meeting. .,,-
J. l.. LINDE. secre.>
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
The Dollar in Foreign Exchange

Changes in rates were narrow and
unimportant. Francs continued to dis
play firmness. Sterling remained IN
changed. Swiss rates were easier, as
vas the case with drafts on Berlin.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
CUBA CANE SUGAR CoRPoRiI'O'

prcfcrrcd Stock DIFIIfHN. n, ni
A quarterly dividend % 81 - psv slsr' - = :,
day been declared upon The Pre'trrel -, g.
Corporation. Tor the quarter ci1.s s15ss, &
1915. PAYABLE October 2rd. 1915. 20 80 I'D.
record a. the close Of business Sep'en..ti- -,
Ii. =. KROiER. li'A-
cso'erh.r Isl 1915
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
Exports from North America.

These figures include Canadian ex.
ports, which may be estimated at
from one-sixth to one-ffth of the
total. All the rest is from the United
States.
The buyer is Europe.
War is a wasteful, reckless Gus
toner, standing not upon the price
of anything, but filling its wants i'm.
periously. 1t attends only to the
main business. which is to obtain the
goods. 1t is interesting now to r.
call that the violent rise in the price
of wheat in July and August, owing
to the destruction of the Northwest
crop by rust, caused a great cutlery
in Great Britain against Chicago
spectators. 1t now appears that
Great Britain herself was an enor-
nous buyer. That was proper. But
she need not have complained Of the
price in an acrimonious manner.
The price ordinarily affects con-
sumption and tends automatically to
protect the supply. That may not
now be true. The price might rise
a good deal further without checking
Europe's buying. 1t might cease to
be a question of price and become
one of retaining by embargo or other
means the amount of grain required
for normal domestic consumption.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
FRENCH GOLD IS
NOW COMING HERE
2O-Franc Pieces in Weeks Big
Shipment=ImpOrts Continue.

Despite the placing Of s250,000,0 900
here to the credit of Great Britain only
recently, gold shipments from Canada
continue in enormous volume. A con-
sgnment Of slO,OOO,OOO deposited at
the Assay Office yesterday for the ac-
count of J. p. Morgan e. CO., brought
the total for the week up to s37 ,5O0,0 900.
Early in the week was the record break
ing shipment of s27,500,OOO.
That the Bank of France is coming
TO the assistance of the Bank of Eng
Sand in releasing it's gold reserves for
export TO this country in payment Of
purchases for the Allies is indicated by
the fact thaHa considerable portion of
the precious metal now coming in con-
sists Of 20-franc pieces.
Since the beginning of the present
import movement on May II the ship
ments. aggregating 67,066,O00, have
consisted chiefly OF bars of various
shapes and sizes. The appearance Of
French gold in this weeks importations
is new.
1t was reported in banking circles
yesterday that the Bank Of England has
obtained gold from the Imperial Bank
Of Russia. The appearance of Russian
gold rubles in later shipments, it was
said, would not be surprising.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09

Below is gwen the current exchange
value Of foreign money in dollars and
cents. together with the intrinsic gold
parity as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
Daily Imports and Exports.

Daily imports and exports OF gem
eral merchandise at the Port of New
York were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09

Considering what the incentives
are. no present manifestation of
speculative activity on the Stock EX-
change deserves to be called eXtrava-
CANT. The adjective is easily APP
piled. especially on a day when peo-
pie insist on buying stocks against
the evidence of selling from what are
called inner sources. There has
been, for instance, heavy liquidation
in Steel common by those who, hav-
ing taken over large quantities of 1t
from foreign owners at much lower
prices. could very we'll afford to sell
il; but. on the other hand, the buyer
is not convicted of stupidity or eX-
travagance. Par cannot be said to
he a deliriouS price for a stock on
which earnings are running at the
rate of $40 to $50 a share per an
mum. even though the profits are abb
normal and temporary. If that we're
not so the price would be much
higher, and, in the meantime, it is
well understood that the reinvest-
ment of a very large proportion of
these profits in the property will give
Steel common a permanent value
beyond anything hitherto thought
probable.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
A Lesson Learned.

Last years huge crop and the farm
really responsible for the new policy
I'm the past il has been the general plan
of almost all farmers in the West to
sell their grain at the earliest possible
date after harvest and to settle up the
years Indebtedness. Last year many
millions Of bushels Of grain were sold
con track" and the farmers saw the
price steadily advance TO between 20
and 80 per cent more than the price
they received. They realized then that
the growers would have benefited by
the higher price had they not been in
so great hurry 10 sell. Now that Can
ada has become the worlds fourth
largest producer of wheat, the market
ing of its surplus is an important factor
in the world market. II was only step
from the recognition OF this fact TO the
proposal TO regulate farmers deliveries
so as TO spread the marketing more
evenly over the period between harvest
and harvest. To some extent this policy
has already been followed, but in future
the grain growers will have the more
hearty cooperation of the banks in Sc
curing the most advantageous market
ing Of the harvest. The farmers wanted
the banks to change their system Of
lending money on 9o-day notes to one
Of annual notes for the grain growers,
but the bankers Insisted that it was
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-09-09
A curiosity from the morning mail
of a financial editor:

Dear Sir: As a more or less con-
sistont advertiser in your columns,
with large number of favors 10
come. VIC respectfully request that
YOU mention at your earliest con-
venience the fact that we have
prepared for distribution a cir
cular setting forth the develop
ment of Independent Oklahoma
oil Companies, and giving our con
illusions AS 10 their probable
future. Thanking you in advance
for this favor. we are
Sincerely yours,
q Co