davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
STEEL MERGER TO BE
REALITY BY FEB. Is
E. V. Babcock Announces Date
When Proposed Deal Will
Go Through

The proposed new steel merger, en-
bracing the Cambria Steel Company, the
L.ackawanna Steel Company and the
Youngstown Sheet and Tube Company,
will become a reality by February 10 If
the present plans of the men in back of
the project do not go awry.
e. V. Babcock, of Pittsburgh, one of
the prime movers in the project, who was
in the city today, gave this as the date
Babcock was on his way to Florida for
a brief vacation.
As was stated in the EVENING LEDGER
last night. the name of the new company
will be the International Steel Company
The capitalization will be $500, 100000 The
par value of the stock, it is understood
will be $50.
1t was pointed out today that Cambria
will not be at the head of the company
as has been reported from time to time
but that it will simply be an amalgama-
tion of the three companies.
Dispatches received in this city from
Youngstown today were to the effect that
within a few days definite plans will be
submitted to the stockholders of the three
companies concerned and they will be
asked for new options, to expire on Febru-
airy 10, replacing the options on large
blocks of stock which We're permitted to
expire yesterday. The understanding is
that the plans to be submitted with a
request for new options has already been
submitted to and approved by a consid-
cradle number of the larger stockholders
in the Lackawanna and Cambria COM
panies.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
COTTON PRICES ADVANCED;
WALL ST. SHORTS COVER
Liverpool Purchased Early opao
Temperatures Lower

NEW YORK, Feb. l. - Bullish i.
ment again prevailed at the opening
the Cotton Exchange this morning /
early tone being firm, with prices 4,
points higher.
Liverpool purchased the early opt.'
and there was some covering of shorts
Wall street interests. Heavy buying I
some traders led to the belief that on.
tors who had been consistently bear.
for a long time, were taking profits. n
selling was quite general A featurs
the early trading was the initial trans
tion in January. 1917. at 1894 the 81
price as that prevailing for Decembst
After the call the market became NJ
settled and at the end of the firgt
minutes prices were about at the opeph
levels.
The market became less active as n
day advanced, but the tone was stesl
on further covering and a moderate 2
mand from trade sources May contra
sold~up to 1906 after midday, or about
points net higher There appeared to /
very little news reaching the trade III.
the South, and nothing definite in the Vi
of spot advces.
Temperatures were lower in the soua
west, but moderate elsewhere. RANT
was shown on the map in all sections.
the cotton belt with the exception Of I
Atlantic coast
Arrivals of cotton at New York tod
totaled 1929 bales, including $3.50 bal
linters. The exports of cotton for L
day were 1914 bales, compared with al
bales last year. Total exports for d
season to date 2,S3S.35S bales, compaH
with 1885, 1855 bales for the same peris
last season.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
ROND MARKET STEADILY IMPROVES,
PHILADELPHIA CITY ISSUES RTS1N
Strength of Cambria Steel Lent Color to Reports NJ
Deal Is On-Pennsylvania Record Earn
ings Did Not Affect Stock

who, II Is thought, will head the ~.
pany, was in town today. r." ~
The general tone Of the loo,
was fairly firm. with some dow war
the anthracite group. Electra 9 e,
Battery, after a weak start s,,s,t
turned strong. advancing nearis
points Pennsylvania only noiS.
tiected the record-breakinp ~
reported for the year ended ~
81. This was doubtless due e. q!
having been pretty thoroughly ar.
ed. Gross returns were the iargas.
reported, being sl96, 62S,i7O, an irSs incySs y
$9,SI6,3lS over 1914. The net inons'7
plcable to sinking fund reuuiremen,.
dividends was SAO.I7S,9Sl, an incrss..
SS,173, ijS, and Is equivalent to nnoss
81 per cent. on the stock of the
sylvania Railroad. In 1914 the
come was equivalent to 6S3 per cent
system for 1915 showed a return + J
per cent. ON its property Investment (.
pared with 4.2i per cent. for 1911
Remarkable earnings featured tba !,
quarter of 1915. In December the NJ
east and west reported gross of sas sl.
a gain of SI9j5, 23S over Decembsr 4
or about 80 per cent. Net of s7.gto -, I. I.
an expansion of $5,142,1 157. or ovar ,ss !. Z
cent. OF the years net increase e.
whole system the lines east sunntioa !.
10000 and the lines west $500 00O .
The annual report of the Hunts. =,
and Broad Top Mountain and Coal en
pany showed gross earnings of S5as,.
against S55,S37 in 1914. Operatin.
penses were reduced about S16,0 ,0Oo ~
ing net earnings of S2O2.9SS. 49,
$14401S in 1870 Henry NJ. Watts Y.
w. M Candy We're elected directors !.
ceeding Samuel Bancroft, Jr., and " !.
Shalcross, at the annual meeting
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
SHORT COVERING
STRENGTHENED CURB
Submarine Boat Leader of the
Rise-Motor Shares Also
Buoyant

NEW YORK. Feb. 1. - Pronounced
strength and activity developed in the
market for outside securities today, es-
pecially in the issues which were under
pressure yesterday a short covering was
in great part instrumental for the up
ward movement, with a scant supply of
stock in number of shares.
Submarine Boat was one of the strong
est features and on rather heavy pur-
chases moved up points. Midvale Steel
at one time showed an advance of 1fs
Tobacco Products moved up 1l9 and
Drggs-Seabury moved up about 3 points.
The motor shares were decidedly
stronger. Chevrolet moved up about 4
points, Chandler over points. White Mo-
tors was in good demand at an advance
of nearly a point. Aetna Explosives is
sues were stronger. Oil stocks were
somewhat irregular on smaller volume
of dealings; Cosden was an exception on
good inside purchases, advancing nearly
n point, to a new high record.
Copper stocks were generally stronger,
Kennecott, after advancing Is, reacted,
notwithstanding the announcement OF the
initial dividend and the excellent report
First National Copper moved up frac-
tional. In bonds, trading was quiet, with
a slightly frmer tendency.
The White Motor Company is nego-
tiating with the French Government for
an order for 5000 autotrucks, which, II
closed, will net the company an amount
estimated approximately s5,OOO,OOO. 1t was
stated today that the company receives
in the neighborhood Of $1,000 apiece for
trucks of this type. Therefore, on the
basis of 5000 trucks an amount approXi-
mating Sl5,OOO,OOO will be involved. 1t is
understood that the order calls for COM
pletion of deliveries in the early part of
1917.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
GoLDFIELD STOCKS
MISCELLANEOUS
Texas 90 10 Build Own Shin

NEW YORK, Feb. 1.-The Tex-s Com
pany has started an innovation among
oil companies by leasing a shipyard for
the purpose OF constructing It's own ships
1t has taken over the Sewell Shipyard
at Bath. AIe,. for period Of years and
will promptly put the yard ia operation
for the construction of four s000-ton
steamers about 40 feet long Contracts
have been placed for the steel 70 be used
Ia the construction of the steamers ana
deliveries 81 steel ull begin within four
months.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
LiyerpoOI Cotton

LIVERPOOL, Feb. 1.-Spot cotton "
dull today at a decline of s points on Z
basis of 7.74d. for m4d-upland The sell
aggregated 5000 bales, including 1900 bal
American. The imports were 1900 bals
including 1000 bales American. The ma
ket for futures closed steady at a D
advance of 4d6 points.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
DIVIDENDS DECLARED

Southern Pipe Line Company. regular quar-
terly S6 payable March l to stock of record
February 10.
on preferred. payable March l to stockholders
of record February 10.
American Cotton OIL Company, regular quar-
terly ] per cent. on common, payable March
to stock of record February 10.
Kennecott Copper. quarterly 81, payable
March 81 to stock Of record March 10.
American Radiator Company, regular quar-
terly Ia per cent. on preferred, payable Feb
ruary 10 to stock of record February Z, Also
regular quarterly per cent, common, pay
able March 81 to stock Of record March o.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
Iron Works Resumes

KANE Pa. Feb, latter an ilIeness
OF Is months. operations were resumed a.
the Emporium IRON Works today Em-
ployment vas given 70 5ee men
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
Financial Briefs

The 18th annual statement of the Com
mercial Trust Company shows deposits of
$22,S59,57S, which is an increase of about
81, ,0O0, 600, or 100 per cent as compared
with a year ago. Corporate trusts were
$2i3,O62.5oO; personal trusts, s11,549,O5S.
The American Can Companys annual
report showed a surplus equal to Z per
cent. on the preferred and $50 per cent.
on the common stock, compared with only
2.40 per cent. year ago. There is still
S& per cent. back dividends due on the
preferred
The annual report of the Continental
Can Company showed a surplus after
dividends of S764ll4, a decrease of S9O966
from 1914.
The Cumberland Pipe Line reports a
deficit after dividends for the year ended
December 81 of s17,999. In 1914 the deficit
was slS,3l3.
a Chicago Board of Trade membership
sold for $4l00, an advance of 500.
John Henry Hammond has been admit
ted to the firm of Brown Brothers & Co.
The Southwest Penn Pipe Lines report
for the year ended December 81 shows
net profits equal to $50 per cent, on the
stock, against 11.6O per cent. the prev
vious year
The Eureka Pipe Line report for the
year ended December 81 shows net profits
equal to 1884 per cent. on the stock, COM
pared with 2S.S2 per cent. in 1914.
Because of lack of patronage, the pas
senger and freight steamboat line between
Philadelphia and Odessa, Del, has been
discontinued. and the boat, the Clio, has
been sold to the Bush Line. of Whining
ton, for service between Wilmington and
Philadelphia. The line has been in opera
tion for 80 years.
The Gulf States Steel Company an
nounced that contract had been let in
Pittsburgh for construction of a by-prod-
uct' coke plant in addition to its wire and
nails mill at Gadsden, Ala. The plant will
cost 100000 Construction will start inn
mediately.
At meeting of the board OF directors
of the Lehigh and New England Railroad
Company held this date, II. F. Baker,
vice president and secretary, rendered his
resignation, which was accepted, Henry
II, Pease. now treasurer. was elected sec
retary also, vice Mr.. Baker.
Clarence H. Blood. traffic assistant of
the Lehigh Valley Railroad Company, has
resigned He was with the company S8
years.
The Tonopah Extension Mining Com
pany reports for December receipts from
mine and mill operations of S128,664, cur
rent expenses S74,1s6 and operating
profits s5447s.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
NEW YORK CoFFEE MARKET

NEW YORK. Feb. 1.-The coffee mar
ket was easier at the start and prices
were to points lower under scattered
liquidation.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
FINANCIAL NEWS
VIGOROUS BUYING IN STOCKS;
ORDERS WE'RE HARD TO EXECUTE,
Offerings Scant-Cuban-A American Sugar Up 1S and In
dustrial Alcohol More Than 16 Points-Urgent
Efforts to Buy Back Issues Put Out Yesterday
NEW YORK, Feb. /.

Another In
oday trading
'front.'
offerings making
points
followed with
the list
ndustria
the Presidents speeches
St Paul last Thursday
December
in
the full when that document S
of the
Default NJ, X. & T Second
Of
underlying Missouri,
Initial Dividend kenneot
of 81 the a s4 basis.
Dividend One Per or sudebaker
of
of
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

At a meeting of the board OF directors
of the Lehigh and New England Railroad
Company, held this date, II. f. Baker,
vice president and secretary, rendered his
resignation. which was accepted. Henry
II. Pease, now treasurer. was elected sec
retary also, vice Mr.. Baker.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

The Gulf States Steel Company an
nounced that a contract had been let in
Pittsburgh for construction of a by-prod-
uct. coke plant in addition to its wire and
nails mill at Gadsden. Ala. The plant will
cost 100000. Construction will start i'm
ma6iat taIy
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
nIaEoroRE oF AoooUkrANIs


LAUREHcE 4. BROWN : 60.
tI1 aF4L ESTATE Trust hu1i-pAss4.
aGaNs stktKAkN
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
BANK CLEARINGs

Bank clearings today compared with cor
responding day last two years;
1918. 1914. 1913.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

Clarence H. Blood. traffic assistant of
the Lehigh Valley Railroad Company, has
resigned. He was with the company SS
Nhnrs-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

John Henry Hammond has been admit
ted to the firm of Brown Brothers & Co.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

The Eureka Pipe Line report for the
year ended December 81 shows net profits
equal to 1884 per cent. on the stock, COM
pared with 2S,32 per cent. in 1914.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01
Default on NJ, X. & T. Second As
Initial Dividend on Kennecott Copper


The Kenneco Company has declared initial
of 81 a share, placing s4 basis.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

The Southwest Penn Pipe Lines report
for the year ended December 81 shows
net profits equal to 9.S9 per cent. on the
stock, against 11.6O per cent. the prev
ViouS year
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

The Tonopah Extension Mining Com
pany reports for December receipts from
mine and mill operations of S12s,664, cur.
rent expenses $74,1s6 and operating
profits S54,47s.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

Total sales, 10, OF shares. compared with
24,G2i shares yesterday thus far this week,
d3,608 shares; same period last week. 33'Zi'
shares.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

a Chicago Board of Trade membership
sold for S4l0O, an advance of 500.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

The Cumberland Pipe Line reports a
deficit after dividends for the year ended
December 81 of s17.9S9. In 1914 the deficit
was S1S 313
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

The annual report of the Continental
Can Company showed a surplus after
dividends of S764,l14 a decrease of S9O966
from 1914
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

The American Can Company's annual
report showed a surplus equal to per
cent on the preferred and $50 per cent.
on the common stock, compared with only
2,40 per cent year ago. There is still
SA per cent. back dividends due on the
preferred.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-01

The 18th annual statement of the Com
mercial Trust Company shows deposits of
500, ,S59,57S, which is an increase of about
81 100000, or 100 per cent as compared
with year ago. Corporate trusts were
$243, ,062, 500; personal trusts, S11, ,549,0 ,053.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19

SAN FRANCISCO, Cahf.-Visits TO
every capital In the world instead Of I'M
lver>itN courses J. the educational program
mapped out by Erncsto Rodriguez. mil
lionaire coffee planter Of Guatemala for
hls family of five children. The wealthy
Buatemalan and his family are now IN this
city ON the tlrst leg o. this round the world
educational trip, which viii cost approx
mately $500 900. The party expect. ID be
travelling three years before ii accom-
plishe> its purpose of seeing the capital If
every country IN the world. making the
annual average cost Of the travel colleye"
about 100000. Books ~ay. Senior
Rodriguez, "are but the summaries of the
lessons taught by HE. What need 10 read
books when one can see the worlds What
need to study languages from books when
one can learn them from the native~P-
From this city the party will 90 Ia japan.
and after visiting the Orient. Australia
Africa and Europe, will return for a pro
lonsed >olourn TO this country. for whose
institutions these intelligent Latin Amer
cans express warm admiration.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19
Primary Battle in Minnesota.

st. PAUL, Mimi, June l9-Noters of
Minnesota are today exercising the right
81 suffrage at a primary election for the
nomination Of candidates to 90 on State,
congressional, legislative, county and mum
Icipal tickets at the general election in
November.
The main Statewide contest j. the
fight on the Republican side for the
United States senatorial nomination 10
succeed Moses +. Clapp, whose term will
expire next March. Senator Clapp i \
candidate TOR the denomination. Oppos-
ed to him on the Republican ballo / are
Frank Il. Kellogg, of st. Paul, who some
years z earned a national reputation as
a trust buster" a. special counsel for
the United State in it, antitrust suits;
Adolph O. Eberhart, Of Mankato. who
served two terms in the govemorship. and
Charles 4. Llndbergh, of LittleFalls. who
has served five terms a. representative Of
the Sixth district IN Congress. On the
democratic side the candidates for the
senatorial nomination are Daniel W. Law
ler' of II. Paul, who was The party can
didale TOM years ago, and Alfred J.. Davis.
OF Minneapolis.
J. a. n. Burnqui>t. who succeeded 10
the governorshIp ON the death OF W. =.
Hammond, j. 4 candidate for the read Of
the Republican State ticket. Samuel q.
l%verson, of II. Paul, Is his only oppo-
ncnt. For the Democratic gubernatoriai
nomination the candidates are Thomas H..
Dwyer OF Minneapolis, Cyrus VI. King of
Deer River. and -. ID. Works Of st. Paul.
Congressman +. +. Ellsworth of Man
kato, elected for the first time two years
ago m the Second district, j. the only
member of the congressional delegation
without opposition. There are III least
three filings IN every other district.
Only candidates for United States sen
ator. congress and State office. appear
on the party ballots. Under the new law
the candidates for the legislature. judicial
positions and county and municipal Of
fices are selected under the non-partisan
system.
The ProhIbitionists have named candi-
dates Tor nearly all the important offices
To be filled. The Socialists hav, a can
didate Tor the governor>hip and for ere
or two other ffice>. The Progressive
party filed no ticket.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19
NATIONAL LEAGUE.
Results voefarnou
CALENDAR OF SPORTS FOR WEEK.
MONDAY.

Missouri State amateur championship
Solf tournament opens at Kansas City.
Central West women's tennis champion
ship tournament opens at Kansas City.
Carolina championship tennis tourna-
ment opens ut ~Grcenvillc. :. c..
Virginia State championship tennis tour
nament opens at Norfolk, va.
Delaware State championship tennis
tournament opens at Wilmington, Del.
Texas State championship tennis tourna-
ment opens at Fort Worth, Texas.
Middle States championship tennis tour
nament opens at South Orange. n. j.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19

Opening Of Summer meeting ~ Queens
County Jockey Club. atAqueduct, l.. L..
Annual regatta Of Seawanhaka- CORN
than Yncht Club. on Long Island Soun.l.
National clay court tennis championship
tournament opens at Cleveland. q.
Long Island championship tenni, tour
nament opens ut Brooklyn. y. Y.
Annual bench show of Westminster Ken
mel Club. AT White Plains. y. Y.
Utah State championship tennis tourna-
ment opens at Salt Lake City.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19
TUESDAY.

Lake Erie Trotting Circuit meeting opens
at Rockport, Ohio.
Bay State trottIng Circuit opers at
Woonsocket. X. |.
Central Ohio trap-shooting tournament
opens at ina. O..
Annual tournament Of Devon Polo Club
opens ut Devon, Pa.
One-hundrcd-m mile automobile track race
at Galesburg, Ill.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19

Board Of the State Department. and Hon.
Charles III. Sheriff.. former ambassador Nv
the Argentine Republic will he the principal
speakers III the luncheon today W tho
Alumni Association Of the Yale School a
Law. II will BE-, III = way, 4 ''war Inn
chcon.r The subject for discussion being
international Law in which Prof. TAFT
will increase the scope VI MI work during
the coming year by the addition at m extra
curse.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19

ROGERSNLLE, Tenn, june 1e.-Thn
annual convention VI the international
Printing Freshmen and Assistants Union
81 North America began here today at the
national home maintained by the organizn-
iion. The sessions will continue n week
or longer. The annual reports to be pre-
SeHted by the several officers show the
union to be in a flourishing condition as
regards both membership and finances.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19

day session. with about one hundred
delegates attending. There are % union
III the state.
business sessions will be- devoted 10 dis
cu--ion MI matters w interest ~ the trade.
while entertainment features and social
sessions viii include participation IN aII the
dilcr-itic- ~ summer resort life Corpus
Christi was able To offer.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19
FRIDAY.

Annual Harvard Yale boat race on the
Thames River. New London. Conn.
Close of the Metropolitan Jockey Club
meeting At South jamaica. l.. /.
Opening of Kentucky State championship
golf tournament, ut Louisville.
Bennie Leonard ". Vie Moran. 10
rounds. at New York CITY.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19
West Virginia TO Celebrate.

CHARLESTON. ". Va, June 19.-Gov-
ernor Hatfield at West Virginia has pro
claimed a holiday tomorrow to celebrate
the fifty-third birthday VI the State. and
incidentally to demonstrate the State'~
splendid development, it, great resources
ana the spirit of it, progressive people =
In connection with the celebration the
West Virginia Board Of Trade has orya-
nized q series Of what may be rallied boom
ing festivals all over the State.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19

There has never been 4 man in the
White House who has been 80 punctual
rs President Wilson who day i'm and day
out Is always on time for every appoint
ment and also insists that others who
desire to see him shall be punctual, too.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19
BUSINESS OPPORTUNITY.

BEST PROPOSITION in the Valley Need
three to five thousand dollars for pro-
lection Of increased business. This is
practically the only business of its kind in
the Valley, and will bear rigid investiga-
ton. Prospects for the future are I'M
limited and if you have the money you are
missing the opportunity of a life time if
you do not investigate. Can use services
also II desired. Address Box 4, Care Of
The Herald. 4
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1916-06-19
WEDNESDAY.

Idaho State championship tennis tourna-
ment opens AT Lewiston. Idaho.
Central Illinois trap->hooting tournament
opens at Lincoln, Ill.