davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
H0LLAND-AMERICA
GAINS DESPITE LOSSES
Dividends Are Kept Down to
Create Big Reserves.

"The London Times" in a statement
on the earnings of the Holland-Amcr-
cs" Line, slightly more than 25 per
cent Of whose stock rs owned by the
International Mercantile Marine Com
psny. says that the companies have
had 10 face a great many difficulties
and losses on account Of the increased
dangers at sea. "Thc Times" CON
tinucs:
Nevertheless. the results appear
highly satisfactory, and II dividends
arc kept relatively low this must be at
tributcd TO the desire TO create con-
siderable reserves in order 60 meet
further losses. should these unfortu-
nately happen, while the expected tax
on profits 80 per cent of the excess
over a normal period also had TO be
taken into consideration.
"1hc Holland-America Line, Tor IN.
stance, had a net gain last year OF
81 ,9O3.461, against e604, Asa in 1914. As
its capital stock is 100000, the net
gain represented some 1870 per cent
thereon. From this amount 9173,l36
has been written off the book value OF
the fleet and s2S.i49 of other assets;
further, = sum Of el66,666 is added TO
tho reserve funds and f20S,333 is set
aside IN respect of the tax on war
profits.
From tho remainder a dividend Of
so per cent is distributed, against II
per cent i'm 1914. Slightly more than
% per cent Of the capital stock Is in the
hands of the international Mercantile
Marine Company, another quarter hav-
ing been transferred from Germany to
Holland, where it is held now by a
trust company
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
Investment Caution.

The output Of corporation issues for
the first four months OF this yesr
amounted TO nearly 100000 600, rot
including foreign government loans
This is about sf00.0O0,00O more thar
what would De called normal, and the
Bache Review this week points oui
that the increase is practically al m
industrial issue some Of them pure
imitation based on present volumes o.
business and present prices Of con-
modities. The vast supplies Of money
and credit" il says. ARE thus begin
ming 70 have a bad effect. u Is re-
markable that this has not before been
the case. That IL has not been IS be.
cause of the universal caution, based
upon the uncertainties IN many minds
a. 10 the length Of the war and the
conviction that cessation OF hostlllties
would mean an immediate slump m
activity" IL adds, however. that ii
this extension OF prosperity continue,
long enough domestic business VII
have grown 10 a point where The m
petus will carry prosperity on Tor :
year or two after the war
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
4 % 10 4 shot:

II vagers being made IN Washington
o. the outcome OF the governments
salt against the Riggs National Bank
officials charging them with perjury
in declaring that the bank had not
bought or sold Stock Exchange securi-
ties. may be considered an indication
Of the jury's attitude. The government
is sure 20 lose. The odds against the
Controller of the Currency winning
out arc 20 10 {. Bankers here who
have followed the case closely say thst
the Controller in pressing the perjury
charges is losing what little popu-
larity he may have had in Wa,hington
financial circles. as it is quite evident
from the testimony submitted m the
litigation thus far that there was no
intent 70 defraud in the statement Of
the Riggs Bank officials that the bans
did not deal for its own account in
securities. Unfortunately, tho psren'
theses were left out in The banks o.
fetal declaration.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
Motor Shares Strong.

Shares Of the automobile conpsni.,
were stimulated again yesterday By
rumors of impending mergers. This
time the Maxwell. Studebaker and
WHY'S Overland concerns figured Ia
the reports, which. while apparently
without basis in fact. nevertheless,
probably accounted for some OF the
buying Of these issues. The Msx-sll
shares Ut the top averaged gains Of
about ? points. Studebsker sold W
: points to l4l. while Willys-Overland
at its early top Of 270 showed an sd-
vance OF 10 points and a new high
record. General Motors, while no.
connected with the merger rumors.
likewise improved, advancing points
or one sale Of hundred shares IN
official reports that the Studebsker
corporations earnings for the Nrst
quarter Of the year would spproyinsts
60. 100000 also helped that issue.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
General List Holds Steady,
While the Automobile
Group Advances.
PARADE CUTS DOWN
SECURITY DEALINGS
Reading Rises 10 a New Top
Bank Loans Expand and
Surplus Goes Lower.

I'm spite % the rival attraction OF
the preparedness parade, made audible
in reverborstion Of martial music
throughout the financial district
quarter OF a million shares changed
hands in the two hours Of business yes
terdsy. Prices generally were steady
and, in so far. reflected lack Of dis
turbing developments outside tho mar
kct. Otherwise advances in specialties
here and there throughout the list we're
significant only Of professional oper-
stions Of an unimportant character.
The motor stocks and Reading sup
piled the most notable movement.
Gains in the automobile group reached
as far as 10 points in Wlllys-OVer-
land. Q in General Motors and over % IN
Studebaker Reading In the late trad
ing was shot ND 20 a new high record
points above Fridays close. Dear
ings in Reading we're larger than IN
snv other stock. but its total was only
around 10000 shares.
In the other carriers changes were
small. Canadian Pacific at one time
had lost a point of its rise OF the day
before, and New Haven ended point
higher. steel moved within the range
of a small fraction and ended a shade
lower. A few of the war stocks got up
a point or so, and there were scattered
gains elsewhere IN the industrial hst'
mostly al the expense OF traders VINO
had short commitments out.
Overnight there was no news OF an
unpleasant nature 20 disturb the mar
ket's calm. No more mistakes by Ger
man submarine commanders came TO
uusettle the market, and from the Mex
lean border the threatened hostility OF
the de facto government brought no
overt act 20 compel Intervention.
Offering of a fair sized block OF
bonds. understood 20 have been re-
turned from London, was an indication
that the arguments of those who have
been urging that renewed gold imports
meant that the supply Of our securities
20 be used in payment had run out was
based on q wrong assumption. Inc
gold that came 70 US from the other
side last year played an important part
in strengthening bank reserves and
making easy the financing of the return
of our stocks and bonds. Further re-
ceipt Of the precious metal will help us
absorb more securities when improve
ment OF the investment market makes
it advisable to start selling again.
Yesterdays bank statement did not
show the expected increase IN reserve
holdings. though the loss was less than
S. 100000. Loans made another large
increase Of more than $4,000 600, and
demand deposits we're s24OoO,OOO
higher. The result was 4 reduction Of
over S7.000,O00 in surplus to less than
SS9.O00,OOO, again the lowest since the
Federal Reserve law became effective.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
PUBLIC UTILITY NOTES.
General News and Earnings of Various
Corporations.

Tenders will be received up to May
IS by the Standard Gas and Electric
Company through the Philadelphia
Trust Company of sufficient amount
of its convertible per cent bonds to
exhaust the sum Of S2,016,0O0 now
available for the retirement Of these
bonds. The remaining STATS, 900 Of
the three year per cent notes ISSUED
In 1913 will be paid off on June /.
Cumberland County Power and Light.
The Cumberland County Power and
Light Company has issued its April
income statement, which shows an IN
crease of S25.15S in gross operating
revenues, amounting to S2ll,9l4, but
nearly all Of this advance was lost 20
net, the gain here being only S2,lS5.
Surplus after interest charges, etc,
totalled Sl0,663, an increase of S6,3Ol.
Eastern Pennsylvania Railways.
Operating revenues of the Eastern
Pennsylvania Railways Company from
electric, gas, railway and other sources
for the twelve months ended with
March made an advance of nearly 6
per cent. in gross. net earnings were
increased almost z per cent and the
surplus balance was 1G per cent
larger than in the preceding year
Consolidated gross earnings amounted
to Ss76,303, a gain of nearly $4,000,
and after deducting expenses for
operation, including taxes. net earnings
available totalled $356,366, as compared
with S333,9l4 as of March 81, 1918.
Interest charges on bonds, amounted
20 Sl77 $50, and the surplus after
other interest requirements, rentals,
etc, was Sl24,026, a gain Of over
S1T nnn
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
Opposition TO M. & S. L. Plan Weak

At the special meeting of stockhold-
ers of the Minneapolis & st. Louis
Railroad Company in Minneapolis on
May 80 il is expected that the commit
tee of which Charles II. Ssbin is chair
man will submit sufficient number Of
assents 70 have the resdjustment plan
declared operative. However. the pro-
tective committee Of minority stock
holders. opposing the plan. will appear
at the meeting and undertake to cir
cumvent the reorganization as drawn
I'D By the syndicate headed By Hayden,
Stone & Co. and ]. s. Bache { Co.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
RAILROAD EARNINGS.

Gross earnings Of United States rail-
roads making weekly returns to "Dun's
Review" continue TO indicate the preva-
Ience of very heavy traffic in almost
every section of the country the total
for roads reporting for April amounting
10 s35.527. OS0, an increase Of 1913 per
cent as compared with the same month
a year ago. The gains are more pro-
nounced in the South than IN other
directions.
Following are given gross earnings
Of limited States railroads reporting
for April and gain as compared with
earnings of the same roads year ago.
also for the roads that reported for the
two preceding months, together with
percentages of gain over last year;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
New High for Reading.

Reading had ore If its characteristic
fights yesterday. After moving quiet
" in the first hour without any in
portant price changes, 70 suddenly
came 10 life Of the close ard within ter
minutes had been lifted from around
89i7 10 g07s. thereby establishing =
new high record for all time, compsr'
ing with the previous high Of 90 made
on Tuesday. Beyond the revival Of
the ancient story Of 4 distribution Of
assets. the Street was completely in
the dark as 70 tho cause Of Reading
sudden squirt. although ~ bore the ear
marks Of an old-fasniorcd drive
against the shorts
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
CLEARING HOUSE
LOANS HIGHER
Demand Deposits Increased by
$24,000,0O0 49, Surplus
Drops S7,000.000.

The actual Clearing House statement
showed a decrease in surplus of S7,1l4,-
90 TO SSS.7s7.2S0. Demand deposits
increased S24.196,000, time deposits in.
creased $4,000 and loans increased
s3O.575,00 Aggregate reserve de-
creased s2,752,OO and specie in own
vaults decreased 81 $4,000.
Surplus reserve In the average state
ment decreased S2,59s.570 to S90,43S,-
$50. Demand deposits decreased S20,-
O35,O00, time deposits increased S1O,-
O4q.OOO and loans decreased S1,907,0OO.
Aggregate reserve decreased s5,5l5,OOO
and specie in vaults decreased 81
7S7, 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
BRIEF WALL STREET NOTES

Subscriptions TO the underwriting of
the United Motors Corporation stock,
il was announced yesterday, were APP
proximately three times the amount Of
fered.
The Stock Exchange firm Of n. L..
Carpenter & Co. has admitted John c..
Clark as a partner.
Harris, Winthrop & Co. have opened
a new branch Office in Newport, r. l.;
II. Content & Co, at West End, n. j.,
and Newhall Churchman q Co., at lis
Broadway, this city.
Logan & Bryan have discontinued
their branch Office in Lakewood, n. j.
LOOMS L. White is now located with
DC Coppet & Co., 48 Exchange Place.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
Bank Clearings.

The maintenance Of heavy volume
of business in all sections continues TO
be indicated by record payments
through the banks, as reflected in Clear
ing House exchanges, the total Of which
last week, according TO "Dun's Review"
amounted 10 1890, 4S7 ,272, an increase
Of 20 per cent ss compared with the
same week last year and of ST. per
cent as cOntrssted with the correspond
ing week in 1914.
New York City again makes a very
satisfactory exhibit, with gains Of 22.2
and $40 per cent. respectively, as com
pared with the same weeks in the two
Immediately preceding years. Pro-
nounced improvement at all the cities
outside New York continues, and the
total at all points this week is "a per
cent larger than last year and 30.4 per
cent in excess of the similar week two
years ago.
Average daily bank clesrings for the
year to date arc given below for three
years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
Market Does Well, Despite
Excitement of the
Big Parade.
MOTOR STOCKS THE
LEADING FEATURES
Reading Has Another One Of
Its Characteristic
Advances.

Considering the fact that 10 had q,
compete With the prepsrcdness parss,
spirit that flied the Wall Street d,.
,rict TO overlooking. yesterdays stoe.
market acquitted itself very we'll IN.
deed. Attendance in conmissios
houses and on the exchange was sor,e.
What reduced as a result Of the holidsy
festivities, and most persons Who did
come down spent most Of their tins
watching the bands and other mined.
menta OF the big parade pass through
the district. Nevertheless, a respect.
able amount Of business was rolled .,
for a Saturday, around 10000 share5
and, what was more important, price,
Of the majority Of issues reflected
gains. substantial in many instances
thanks to the operations OF the pro.
;essionsls. who seemed 20 have The
market pretty well 10 themselves.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14

sight drafts sold DOM 70 lTs e-lG. recovering tow
Gfd the end o. the week 20 iI5's Berlin exchange
was fTuer There uas little change iu tle Paris
rate. Range of demand sterling Tor week. ~ s-l5
70 ASA. Closing cabls ard sight rates London
Cable. 45ea. 87-i6. demand. as u-l6 Paris
Cable. 5a5a. check. 54.. Icrlin-Cable - =:
check. IA. sgltzeIsnd-Csoc. $50. check
5.20i1 Hoand-Catlc. az check. a., Greece
Gable. 10 IS check. 1888 sixty snd ninety day
bills London bankers sixty days az. ninety
days. 4T0a..
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
STOCK EXCHANGE FOR THE WEEK

table Of shares OF all soeN,
ended May H. together With the highest lowell on"
the week and the high and 10" pe'' U"
andthe high aud low prices Of the 1915
the Se''
agn 900 in ls
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14

Enough tape 10 supply the stock tick.
ers for a month Of million-share day,
Aosted over the financial district yes.
terday. Literally miles and miles OF
the paper ribbon came out OF the upper
floors Of Wall Street skyscrapeu
when the preparedness parade 20,
under way. Unless the supply Is re.
plenished early many Stock Exchang.
houses are likely TO be confronted with
a shortage Of tape when business opens
tomorrow
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
AMERICANS FIRM
IN LONDON MARKET
Australian Short Term Bonds
Are Active-Shipping Shares
Strong.

London. May l3.--The stock market
maintained a good tone, with the usual
week end business mainly ia Australian
short term bonds, home rails and oil
end rubber stocks. Peruvian issues sd-
vanced and shipping shares were well
maintained. In the American section
Canadian Pacific was strong and nc.
tive, while the rest OF the list ruled
quiet but firm. Treasury bills were
freely purchased. Consols closed one
eighth lower at 81; the new war loan
unchanged at e41e.
Money and discount rates were quiet.
Money loaned at to IA per cent.
Discount rates for short and three
months bills were ~ 10 "A per cent.
Gold premium at Lisbon was $500.
Paris, May l3.-Trading was dull on
the Bourse to-day. Three per cent
rentes closed unchanged at SO francs,
the per cent war loan unchanged at
81 francs 80 centimes. Exchange on
London, 28 francs 29I2 confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14

Daily imports and exports of gen
eral merchandise at the Port of New
York were:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
NEW YORK STOCK EXCHANGE
SATURDAY. MAY 10, 1916.

Total Saturday $4,000 Friday '''Ao
bzo'|o
ise2oo All quotations. including annual DIVIDEND rae arc "
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
NEW YORK CITY BONDS.
DAILY IMPORTS AND EXPORTS

.Coupous int,,chsnsesels. Coupons Or registered.
:Pisin registered.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14
MOCK EXCHANGE FOR THE WEEK.

D'id,nfs Of .bovs stoks are on q dollar has
'ET diVileg1. no extra diTldegd Included.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-14

crease. s9l54f00. Per cent q legal reserve. $3.50
The statement of the condition OF
the Federal Reserve Bank of New York
at the close Of business on May II, as
compared with the previous week, fol-
lows:
Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-09-06

store was the only trading point be-
tween Bismarck and Washburn. At
the time of his resignation from the
employment of Uncle Sam. Mr.. Pet
erson was the oldest postmaster in
point CT service in North Dakota.
Swan A. Peterson was born in
Sweden, September 8, 1852. When
sixteen years Of age he came to Amer
lea and settled in Duluth, Mimi. He
came to North Dakota in 1876 and
took up land at Painted Woods and
during all these years has been an
extensive farmer and rancher In
February, 1879, Mr.. Peterson was mar
ried in Bismarck to Miss Augusta
johnson, sister of John A. Johnson,
another pioneer of the Missouri Slope.
-Four daughters blessed this union.
Mr.. Peterson was a prominent Mason
and member of the Woodmen of
the World. He was for a number of
years secretary Of the Painted Woods
Old Settlers association. and one of
the charter members and active work
ers in this pioneer organization. He
is survived by his widow and four
daughters, Mrs. Albert Bisancon, Mis-
soula, Mont; Mrs. B. d. Wetmore,
Painted Woods; Mrs. C. r. Crawford,
Brittin, N. D., and Miss Susie Peter
son, Bismarck.
Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-09-06
PETERSON FUNERAL
HELD YESTERDAY
Remains of Pioneer Burleigh
County Citizen Laid to Rest
At Painted Woods

The funeral Of the late Swan A. Pc
terson, pioneer Of Burleigh county
and one of the well known and prom
inent citizens of the Missouri Slope
who passed away Sunday evening a,
his home in Painted Woods, was held
yesterday afternoon. Many friends OF
the deceased from all portions of the
county jcurneyed to Painted Woods
to attend the last rites for their re.
spected friend. Services were con.
Quoted at Painted Woods and the
body laid to rest in the cemetery
near that place. Intimate friends OF
the late Mr.. Peterson acted as pail
bearers. ~
For the past five years, Mr.. Pet
erson had been in poor health, but
up until this spring was able to
look after his extensive farming and
ranching interests. In July he suffer-
ed a strike of paralysis and was a
patient in the Bismarck hospital sew
eral weeks, where he partially recov-
cred, being able to return to his home
in Painted Woods. For the past
month, however, he had been gradual
]y declining until the end came Sun
day evening. For thirty-eight years
Mr.. Peterson was postmaster at Paint
ed Woods, receiving his commission
ton, and served continuously until
two years ago, when he resigned the
office in favor of his daughter, Mrs.
B. D. Welmore, who is the present
postmistress.a When Mr.. Peterson re-
ceived his appointment as postmaster,
the mail was carried by stage from
Bismarck, passing through Painted
Woods and Washburn to TT. Bert
hold and the few settlers along the
Missouri Slope all received their mail
through the Painted Woods Office Mr..
Peterson also conducted general
store in connection with his postoffice,
and for many years the Painted Woods
Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-09-06
CAPITAL CITY WILL Be
RECRUITING HEADQUARTERS

Bismarck will be recruiting head
quarters for North Dakota. Capt. G. l..
Solum, chief recruiting officer for the
state, will open offices in down town
block in few days.
With Capt. Solum here will be sta
toned Sergeant E. c. Baumez, Corpor-
al R. M. Dinehart and Private V. R.
Hili.
Branch headquarters will be opened
at Minot, with Lieut.. Ernest Hill in
charge. With him will be Serg. c. D.
Page, Corporal Henry Talmoe and Pri-
vate C. B. Craven.
Some $50 men, all privates, are
wanted as soon as possible, to recruit
the regiment to full fighting strength
AS soon as mustered in the men will
be sent to Fort Smelling, Twin Cities
and then on to the border as soon as
squads are organized.
Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-09-06

visitors, who transacted business
here yesterday.
Agent J. A. iCummins, who resigned
his position the first of the month,
leaves in a few days for ROuleav,
Saskatchewan, where he will spend
some time looking after the interest
of his valuable farm near that PLACE.
Mr.. Cummins will be succeeded/ in
Mandan as agent by former Auditor
H. G. Taylor of Billingh. Mr.. Taylor
will be here the first of the week to
assume his new duties.
Miss Estherlin 'Brockington Of Cen
ter, was in Mandan yesterday visit
ing with friends. Miss BrockingtOn,
was employed as stenographep in the
law Offices of Sullivan & Sullivan a
short time ago.
Miss Margaret Wells, stenOgrapher
for Attorney l.. H. Connolly is ex-
pected to return home in <few days,
after spending an extended- vacation
in Grand Rapids, Michigan her form
err home.
Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-09-06
CAPT. SORENSON LEAVES
SMELLING FOR BORDER

Capt. Sorenson has left Fort Smell
ling for the border, where he has been
assigned as captain of the quarter
masters corps of the Thirteenth divi-
sion, United States army.
Western liberal. (Lordsburg, N.M.) 1887-1919, 1916-12-22
Resume of Camps
Activity This Year

The 1915 yield from this largest history says the
Geological Survey All the shipped
per ton for the district 1915
copper I'll cent The producing
This uraed its
count OF the unsettled condition Of the period
but during the later of the shipped quantity
m history In October this took the Of the Atwood
Mining Co In addition to its mining operations the did
amount Of underground development exploration
Other producing mines the Atwood Bathp
Edorado Nellie Bly, Ontario Robert Lee Triangle
The bearing ldes the
Try rock changing at places to andeste and neutrality-suspicious. There
at irregular intervals ntruson0 of the ote into the
these ngons occur the ore generally large quantities and of high
values The fracturng the bringing
evidently been the result of ascending and internal eruption
descending solutions percoatmg through the ous filling
tied the This fully verified
and silver values the There
ing the of the So Mining
has taken place The dip the 85
north
to fifteen feet and the total
the 85 mine o chordes
high grade hacoce pockets occurring shoots the
Never before history Lordsburg so
promising the
larger than they operation
better values being obtained than
southwest remember
Mining cattle and farming Lordsburgs mining
is in the meg Witness the the mining
credit for what they have done and others the field
Western liberal. (Lordsburg, N.M.) 1887-1919, 1916-12-22
Year

The LOrsburg mining region lies Immediately Of the
village Of LOrsburg and embraces the low short desert
Pyramid Mountains lies between the Southern Pacific Railway
the north the Ell system south
branch line operated by this latter Hacha WITH
Lodsbug extending northwest great copper camps
and Morenci, in Arizona.