davidaulloa/AmericanStories huggingface dataset:
Deming graphic. (Deming, N.M.) 1903-1948, 1916-02-18

II. II. Immerfield of Silver CITY
was visitor in Deming late last
week.
Mrs. Ruth Holden of Santa Fe
stopped over in the city last Friday
enroute to Yuma, Ariz.
Alfred Ramey of Los Gatos. Cal.
was visitor in Deming late last
week
+. +. Lamsus and Teddy Bartlett
of Fl Paso were Deming visitors last
Friday.
Manager Hull Of the Princess thea-
ter made business trip 70 II paso
late last week.
Miss Athelene Coleman deperte3
for wilma Friday to attend a part
to be given in the evening by Mr.. and
Mrs. Buck Bounds.
Deming graphic. (Deming, N.M.) 1903-1948, 1916-02-18
Early Ozark, Eureka.

Ever Bearing sorts, 100. 81; $40 per 1000.
Grapes. in lots Of to 30. was Ice now l0c so 10
800. was Zoe, now de- 500 and up, was &C., now
ic. Moores Early. Catawba, Concord. Niagra.
Deming graphic. (Deming, N.M.) 1903-1948, 1916-02-18
Benton County Nursery Co., Rogers, Ark.
II n very much del
question, but every
agrees fhnf the

buy he rm y6a hghgmdaa dntr
hedi mn he elton fhh fh than place in w flor m
h atu They first in yrIe Guaranteed crown euar erm
a"km for h and rmd& Below hanh~ gndh pr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
STEEL ORDERS
PILE UP FAST
Those on Books of United
States Corporation Call
for 100000 Tons

Untitled orders on the books OF the
United States Steel Corporation at the
end of November amounted to ll,Ooo'-
SAG tons. an increase over the previous
month of 1,o43, 2s2 tons. This tonnage
figure was not only the largest IN tne
company's history, but the gain was
the greatest for any month.
That a reduction in shipments was
not responsible for the remarkable Ia
crease in untitled tonnage for Novem-
her ia indicated in the statement tna'
deliveries for the month fell on only
about $4,000 tons.
Heavy orders for equipment were
received from the railroads and there
was a greatly increased demand 1of
she'll forgings for export. 1t is estl-
mated that orders for steel OF TINS
character over October and September
aggregated 100000 tons, to be DEW
cred during the first half Of 1917.
The record of the Steel Corpora
tion's untitled orders at the end Of
each month since the beginning OF the
European war follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
PLAN FOR REFINANCING
LORD 8 TAYLOR CONCERN
Additional Capital of 100000
Wanted by President ReybOrn

Details of refnancing plan for
Lord e. Taylor are contained in cir
cular to stockholders from S. W. Rey-
born, president of the concern. He
states that 100000 additional capital
will be sufficient to restore the COM
pany's financial independence. His
recommendations are:
That the first preferred shareholders
waive their right to back dividends up to
December | last
That the second preferred stockholders
waive their right 10 back dividends up to
November | last, and also waive their
right to dividends up TO November ] next
That common stock holders exchange
their stock of 500 par value for an equal
number Of shares of stock with no par
value and waive their right to dividends
until 100000 has been accumulated for
additional capital: that they also waive
their right TO distribution of one-half of
net earnings after the 100000 has been
set up until 100000 special reserve is
accumulated.
That 81 800. 900 serial per cent semi
annual income bonds be authorized, Of
which $500, 900 will be sold at once for par.
The business of Lord & Taylor is
controlled by the United Dry Goods
Companies.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
The Dollar in Foreign Exchange

The week in the foreign exchange
market was characterized by a demon
stration of the arbitrary control eXer-
ci,ed over the sterling exchange sltua-
ton nv the British Treasury. Although
money rates stifened sharply and call
money rose sensationally to 10 per
cent early in the week, there was not
much reflection in the sterling market,
sight drafts or London declining to
s475a.. compared with S4.751s the
week before. and closing unchanged
at the latter figure. Gold imports from
Canada eased the situation, the total
inflow of 100000 for the week set
ting a new high record. Additional
arrivals of metal are expected.
Teutonic exchanges were unsettled
and bills on both Berlin and Vienna fell
to new low records. Marks dropped
to e5,s cents for four and kronen to
ILL cents. French bills were slightly
easier. Russian rubles declined about
90 points, closing around 29.4O cents.
If YOU calculate the cost of the dol
lar in terms Of foreign money-that IS,
as if YOU we're buying dollars with
mounds. marks or francs-its value at
tho close OF last week, as compared
with a year ago, would be about as
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
BONDHOLDERS AGREE
TO ROCK ISLAND PLAN
Withdrawal of Petition to Fore
close Mortgage Expected


Holders of the refunding bonds OF
the Chicago. Rock Island & Pacific
Railway Company will give final ex'
pression Of their attitude toward the
plan Of reorganization approved by the
Junior security holders at meeting
scheduled to be held next week. 1t
IL understood that an agreement has
been reached between the two COM
mittees by which the petition OF the
Peabody committee for foreclosure OF
the refunding mortgage will not be
pressed.
Furthermore, a proposal that new
open mortgage be authorized and an
issue Of new Az per cent bonds be
exchanged for the outstanding refund
ing As. il is said, has been abandoned.
Members of the Peabody committee
take the view that, while more sell
entifc readjustment of the ROCK
Island affairs might have been worked
out. the position of the refundlng
bonds is not jeopardized, since $780,
100000 new money is to be raised.
When the Rock Island is removed
from the hands of the receiver the
only change in the bonded debt which
will have occurred will be the trans
position Of the s2O,O0O,OOO debentures
to an equal amount of per cent pre-
ferred stock. The balance sheet will
show further the elimination of sew
eral millions of floating debt, while
to the capital liabilities will be added
s30,000,000 7 per cent preferred stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
STOCKHOLDERS CURIOUS
OVER UNITED RAILWAYS
Investigation of Traction Affairs
in st. Louis Will Be Made

A protective committee representing
the preferred stockholders of the
United Railways Company, of st. Louis,
has been formed, consisting Of L. II.
McHenry, of Louisville, chairman; J. A.
Cheek, Danville, Ky; George 4. DECK
man, St. Louis; J. B. Downing, jr., Mid
dleport, Ohio, and II. P. Wilson, so
Broad Street, New York. The COM
mittee will investigate
(a) the possibility Of securing some pay
ment on account OF the accrued divi-
dends which now amount 10 over
thirty per cent:
To- suitable representation Of the pre-
ferred stockholders on the board Of
directors
(cj whether the amounts expended annu-
ally by the company in connection
with claims for personal injuries are
excessive:
ID the burdensome "mill-per-passenger
tax" accrued and 10 accrue. and the
possibility OF securing from the city
some reduction or adjustment Of the
same.
lei the companys power contracts, and
whether the cost OF its power Is
reasonable.
% the Legality and duration Of the COM
pany's franchises. and the possibility
of securing their confirmation and
reasonable extension;
(gl the possible readjustment Of the COM
pany's capitalization. in view Of the
necessity Of providing for a. the pay
ment Of the large amount OF under
living bonds maturing during the next
few years TO meet which the company
is apparently without available
means and ~ the future financing
OF the compzny's requirements.
The United Railways Company OF 81
Louis operates the street railway line in ST.
,ouis. IL is controlled by the North Ameri-
can Company. a $4,000. 900 holding corpora
tim.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10

exchange situation, says the foreign

exchange situation, says the foreign
trade bulletin of the American TX
press Company, is the control exer-
cised over the exchange for pounds
and dollars by the Chsncery OF Credit,
a department of the Russian Minis
try of Finance. II continues:
The balance OF trade Is such that II IS
difficult for the ordinary Russian buyer OF
goods to obtain enough dollars and pounds
to pay for what he has bought or urgently
needs of American or English goods. ne
situation became so Imperative that the
Russian government. aided by the bnglisn
Treasury. took up the situation. In taxing
these steps. the Russian government has IN
mind 20 stop the speculation In ruble ek-
change, which took place some months
ago. In order TO get their needs of dollar
and sterling exchange filled. Russian banks
and bankers are obliged TO go before tne
Chancery Of Credit and present the facts
about the transactions for which the eN-
change Is requested. Furthermore. Rus
sian subjects and firms, when ehecting
such payments for the credit OF foreign
clients or connections. are Obliged TO sign
written declaration indicating the pur-
nose of each payment. such declarations 10
he substantiated in case Of need by docu-
rncntary evidence. The Chancery hxes the
rate at which the dollar and pound eN-
change is sold TO them. and further mas
decreed that the banks shall not demand
higher than these rates when selling eA-
change TO their clients.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
Dividends

r. ]. REYNOLDS Tobacco. Regular quarterly
dividend Of :. per cent on the preferred
stock, the regular quarterly dividend OF } per
cent and an extra dividend Of per cent on
the common stock. all payable January ] 10
stock Of record December 81. For the last
three quarters the extra dividend had been
, per cent each.
Midwest Regular quarterly dividend
Of per cent on the preferred stock. payable
January 90 to stock OF record January >.
J. T. Case.-Regular quarterly dividend Of
IA. per cent on the preferred stock, payable
January | TO stock OF record December II.
May Department Stores. Regular quarter
~ dividend Of =. per cent on tho preferred
stock. payable January | to stock Of record
December IS.
United Light e. Railways Regular quar-
terly dividends Of IA per cent on its pre-
ferred stock and per cent on its common
stock, both payable January = TO stock Of
record December 10.
Tidewater Regular quarterly dividend
Of per cent and per cent extrs. ths ssns
rs in the previous quarter. payable January !
to stock OF record December Is.
Union Switch & Signai.-Regular quarter
~ dividends OF $3.50 a share on the common
and preferred. payable January rs 10 stock
OF record December 30.
Westinghouse Air Brake.-Regular quar-.
terly dividend of 81 q share. payable January
20 TO stock OF record December 30.
National Gas. Electric Light q Povs-
Regular quarterly dividends OF l per cent on
the common and ia per cent on the pre-
ferred stock. payable January TO stock Of
record December %.
Southern Utilities.-Resular quarterly divi-
dend Of a. per cent on the preferred stock,
payable December 30 20 1>sck OF record De-
eenibcr IS.
Cleveland Railwsy.-Regulsr quarterly div.
idend Of ~ per cent, payable January ] 70
stock Of record December 10.
Toronto Rsiiwsy.-Regulsr quarterly divt-
dend OF per cent. payable January 70
stock OF record December Is.
Pittsburgh-Idsho Co.-Resular quarterly
dividend Of per cent and per cent extra,
payable December Fl to stock Of record De-
cember l6
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10

In London Stock Exchange set
Elements take place twice month.
Trading is for "the account The
brokers' client buys and sells, on
credit. and when the account Is
struck once in fortnight stocks are
received and delivered, and settle
ment is made. II the client owes
the broker he pays; If the broker
owes the client he pays. 1t would be
impossible to transact the business
normally done on the London Stock
Exchange by any method Of daily
settlements. When in Wall Street
two million shares are dealt IN on
the Stock Exchange in one day the
facilities for receiving and deliver
ing securities are strained. But IN
one department of the London Stock
Exchange three or four million
shares may be dealt in without pro-
ducing any Of this chronic clamor
and furore. 1t is the practice OF
daily settlements that makes call
money furries possible. A broker
who has bought stocks for his Gus
toners must receive and pay for
them the next day, and he must Dor
row the money TO do this with, no
matter what the rate may be. So it
often happens that one broker, with
10000 shares of stock 10 receive, will
20 in at the last minute TO the call
money market on the floor Of the
Stock Exchange and bid up the rate
until somebody is willing to let him
have the credit. The next day he
may sell that 10000 shares Of stock,
and the broker who has bought them
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
New York

Important Railroad Conference To
Be Held.-There will be held at Evans
Vile. Ind, on December IL and 10.
conference Of railroad presidents, rail-
way labor union leaders, railway law
yers and members Of the commissions
regulating the railways 10 discuss
ways and means OF reaching an I'M
derstanding. Among the men sched-
uled to speak are Alfred =. Thorn.
counsel Of the Railway Executives
Advisory Committee on Federal Legis-
lstion and general counsel for the
Southern Railroad; John Muir, presi-
dent Of the Railway Investors League;
Frank P. Walsh. chairman OF the Fed
eral Commission on Industrial Rela-
tons; W. G.. Lee, president of the
Brotherhood of Railway Trainmen:
Frank Trumbull. chairman OF the
Railway Executives Advisory Commit
tee on Federal Legislation. and n. C..
Kingsbury, vice-president OF the Amer
lean Telephone and Telegraph Com
pany.
New York Shipbuilding Stock Sold.
Announcement WAS made yesterday
that stock Of the New York shipbuild-
ing Cooperation, offered by Hallgartsn
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
year Anaconda earned s71s a share on
it, stock.

Lee Rubber and Tire.-This stock de-
clned 5l1 points to 81 u on dealings Of
700 shares last week. Lee Rubber
and Tire Corporation is holding COM
pany, organized in December, 1915,
under the laws Of New York State. IL
owns all of the outstanding stock OF
the Lee Tire and Rubber Company,
Pennsylvania corporation, organized In
1911, ard controls, through the latter,
the Lee Rubber and Tire Company OF
New York, Inc, selling company. The
only available figures bearing on the
company's operations are contained in
statement Of income account of the
Lee Tire and Rubber Company Of Penn
sylvania for the ten months ended
October 81, 1915. This showed net
sales OF s2,794,024 and net profits Of
s443,474. The Lee Rubber and Tire
Corporation, the holding concern, has
100000 shares Of no par value out
standing. This issue was put on a
dividend basis last April, when a quar-
terly disbursement of 90 cents a share
was declared and an extra Of 20 cents.
At that time it was officially announced
that it WOULD be the policy Of the
directors to make the regular quar-
terly dividend on conservative basis,
but to give consideration at the end Of
each quarter TO extra dividends. 1t was
expected that earnings for the current
year would aggregate between $1,000
900 and 81 10000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
News Digest
Foreign

Quiet Market in London.-London,
Dec. 9.-Money was in good supply and
discount rates were steady to-day.
Trading on the Stock Exchange was
listless. in the absence OF stimulat-
ing influences. Oil and rubber stocks
were steady. but home funds barely
moved and shipping shares showed
a further reactionary tendency. Amer
lean securities were undecided and
dull around parity.
Money was quoted at a.. per cent.
Discount rates Short and three
months bills, 81 to 5ss per cent. Gold
premium at Lisbon. 1900.
Paris Market.-Paris, Dec. 9.-Prices
were steady on the Bourse to-day.
Three per cent rentes, 81 francs 10
confines for cash. Exchange on Lon
don, q francs slz confines. Five
per cent loan. SO francs 5 centimes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
Saturday, December ., 1916


One day last week some tsrdy Dor
rowers on the Stock Exchange paid
10 per cent for the money with
which to lodge their stocks over
night. The surplus reserve of Wall
Street banks was never lower than
S40.000.000. The lending power of
the Federal Reserve Bank was I'M
touched. Gold was coming from OF
tawa in very large amounts. There
was no rational excuse for money
furry" Before the close of the week
call loans went at 2% per cent. 1t
was a humiliating incident, reminis-
cent Of a time when an operator wh)
made prices 60 up and down thought
Morocco was place where pocket
ooks came from, and so always
made prices 60 up on 4 Morocco
crisis" in Europe. when speculation
consisted of a petty contest Of wits
between bankers on one side and
traders on the other, and when the
weekly bank statement was an excit-
ing riddle regularly forecast by tip
sters. The world laughed at us.
Such things, it said, could not hap
pen in London. or Paris, or Berlin. A
change of l per cent in the call
money rate at London was of inter
national significance. A change of
20 or 80 per cent in one day
at New York was "a furry" in
which stock market spectators got
squeezed. In the last two years In
ternational responsibilities have been
thrust upon Wall Street. 1t has had
10 assume the role Of world banker
in place of London, without time to
learn the part
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
Exports Set High Record

Exports of iron and steel products
during the first ten months of this
year, according to the government re-
turns. were 4,96s,2S5 tons. Because of
the war in Europe, exports this year
will surpass the previous maximum
yearly foreign shipments by about 10
per cent, and, IL all the products that
have been bought are shipped next
wear. 1917 exports may exceed those
of 1916 by 100000 tons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10

In the most modern environment
of any money centre in the world,
with the costliest overhead arrange
ments, and with opportunities that
have been foreshortened by at least
twenty years, Wall Street is trans
acting business by methods which
we're obsolete in Europe genera
ton ago. The institution Of daily
Stock Exchange settlements has be-
come a preposterous anachronism.
Each days business has to be cleared
by stself. Everything sold must be
delivered, and everything bought
must be received, and settlements
must be finally concluded at both
ends by the exchange of certified
checks, all within twenty-four hours,
though on the morrow the movement
may be reversed so that the broker
who delivered stocks yesterday may
to-day be receiving them back. Mes
sengers clamor at the brokers' win
dow for stocks and at the bank win
dows for checks. Each day the
broker has to arrange for accom-
notation" at the bank, that is TO
saw. for credit against which ne may
draw certified checks for the stocks
he is due to receive; the stocks when
received are put into a loan envelope
and sent to the bank as collateral
security for the credit, but within
twenty-four hours they may be called
back and delivered to another broker
who before he has received them has
TO go and arrange for credit against
which he may draw his certified
checks with which to pay for them
again. Hundreds Of millions of dol
lars of Stock Exchange loans are
torn up each day and renewed, by
substitution of this for that, and
change in the rate of interest.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
Havana Bonds Vetoed

The director Of ia Lucia" Havana,
Cuba, sent a telegram yesterday to
Sebastian Marti, general manager for
America OF the publication named,
stating that President Menocal has
ordered the provisional governor to
veto a recent issue Of Havana munich
pal bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
Relevant
Information

United States Steel. Steel common
lost rs points last week on total
turnover of 10000 shares. 1t sold as
high as 1272 and as low as 1898, and
closed yesterday at l24s., which was :.
under the Friday closing. Yesterdays
remarkable tonnage statement Of the
Steel Corporation, disclosing an in
crease Of more than 100000 tons in
untitled orders during the month Of
November. came after the close OF the
market The gain in orders was con-
siderably above the most optimistic
Wall Street estimate, which had put
IN. figure around 100000 tons.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10

The above rates express the cost oil
foreign money in terms OF the Ameri-
can dollar. You buy an English pound
sterling for s475i; the intrinsic par
ity is s4ssS per pound. Thus, you
saw either that pounds are at a dis
count or that dollars are az pr.
MUM. which is owing TO the fact tha;
in England the demand for dollari
with which to settle accounts In tn
country is greater than the demand is
this country for pounds with which q
settle accounts In England.
Russia's Control Of Ruble Exchange.
The outstanding feature Of the rubls
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10

g. Co., c. D. Barney & Co. and Mont
gomery, Clothier & Co., had been sold.
The company, in addition to the stock,
will have an authorized issue OF $685.
100000 first mortgage thirty-year 5
per cent sinking fund bonds, Of which
S-.500,000 will be offered. The state
ment is made that 100000 cash will
be invested Immediately in the prop
erty. OF this amount sl,s00,000 will
be available for new construction
needed to take care Of governments
work and the increased demand for
merchant vessels. 1t is intended to
increase the capacity Of the yards for
these purposes from 25 to 80 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10

Anaconda Copper.-Practically all OF
the copper issues declined during the
week. Anaconds's net loss from the
week before was AZ points, the stock
declining from high of 1914 TO
close of 96Is on an aggregate turnover
Of 1877. 900 shares. The decline yester-
day alone amounted 10 u points. Ana
conds's production fell of last month,
owing 10 the extremely cold weather at
the mines. The companys estimated
PRODUCTION is 325.oOO,oOO pounds Of cop
per a year, and on this basis, with cop
per selling at 30 cents. earnings can be
figured on the si5o,oOo,OoO OF capital
stock at more than s27 . share. Last
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
Other Cities

Lake Navigation Still Open.-Duluth,
Mimi. Dec. 9.-Closing OF navigation
on the Great Lakes out OF Duluth, set
for to-day. has been postponed, ana
the last outbound boats will not leave
Duluth until Monday or perhaps few
days later
With the navigation season longer
by two or three weeks than usual at
the head OF the lakes. shipping experts
said to-day new marks have been set
for amount of business handled.
Ore shipments alone from the Lake
Superior district are expected TO reach
a total of 65,00O,000 tons for the sea-
son. The last outbound ore boats will
leave Ashland and Escanaba probably
next Tuesday.
Boston Coppers.-Boston. Dec. p
The market for copper shares was
week locally to-day Miami and Allouez
were almost alone with minor gains.
while Copper Range. of IA. at rs. led
a list largely Of losses. The close was
generally lower. -,
Osceola. 100; Old Dominion. 70; Al
loueZ, 77i2.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10
TT liabilities.s21s,sss1 1873 s2ts,2oa,4,s
Fed Res. notes
outstanding. s94,7oS's'o sso'''''0''
Secured as fol
lows: Gold dep.
with Fed Res.
agent ....... 9a,IoS,Slo SV'fS0'"'S

The statement is OF unusual interest
this week, inasmuch as il reflects the
action taken by several of the i'm
portant national banks during the
furry in money rates. in having their
commercial paper rediscounted at the
Federal Reserve Bank OF New York.
1t was the first time that the local
member banks had found II desirable
70 avail themselves OF the rediscount
privilege.
As result. the amount OF CONNER
eisl paper discounted at the Reserve
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-10

Below is given the current exchange
value of foreign money IN dollars ano
cents, together with the intrinsic goie
parity, as calculated By the United
States Mint: