davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
WEALTH MARKETS AND COMMERCE M

dividend Of % per cent on the 7 per
cent cumulative first preferred stock,
cleaning up the last Of the aceumu-
lated dividends on that issue. Direc-
tors of the Great Northern Ore Prop
critics, from which the stockholders OF
the Great Northern Railway Company
derive beneficial interest, announced a
dividend Of rs cents a share, compared
with 30 cents declared semi-snnually
during the last three years. Great
Northern Ores mines are located in
the famous Messba Range district Of
Minnesota. The American Rolling
Mill Company announced stock divi-
dend Of 1888 per cent. Seventy-hye
cents extra was announced by the d.
rectors OF the United Verde Mining
Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
MILLIONS INVESTED IN
NEW DU POINT PLANTS
Answer to Suit Brought by
Woman Stakeholder Filed

Trenton, n. j., Nov. Pierre ). du
Pont, president Of the du Pont Powder
Companies of Delaware and New Jer-
sew. to-day fled in the Court od Chan
Gerry afidavits to substantiate the re-
organization OF the powder companies
under which the Delaware corporation
took over the New Jersey concern
Miss Hetty l.. Henry, OF Pompton
Lakes. who held four shares of com
mon stock of the New Jersey corpora
ton, contends that the reorganization
and the apportionment of the stock IS
unfair, and she asks through a suit that
the Chancery Court reinstate the New
Jersey concern.
Answering the suit President du
Pont states that on the four shares OF
stock held by Miss Henry dividends
and shares of stock in the Delaware
company have been given her and the
shares are worth now $4,000. The
dividends have amounted approximate
ly to $500.
President du Popt, in an affidavit
saws that to give Miss Henry the relief
she asks would be to revest the New
Jersey company with the property IN
question to such an extent that the
four shares of stock she holds would
b. worth their present value plus
SO. 200. which those who held the stock
before her have already received.
Miss Henry seeks to restrain the
delaware corporation from continuing
tho absorption Of tho New Jersey con-
Germ for q consideration Of sl2o,ooo,oOo'
The reorganization wa, effected Octo-
Der /, 1915. In exchange for its prop
critics the New Jersey company re-
ceived s1,4S4,10o in cash and 1885,
542 shares of common stock and
596.e17 shares Of debenture stock
Of the Delaware company at par value
Of 800 each. Since the reorganization
the Delaware company has invested
millions in new plants, in which the
New Jersey company never had an
ownership, and also has acquired for
$4,000 900 the Arlington company, eel
luloid products manufacturers, an en-
terprise in which the New Jersey com
panv had no ownership interest. Pres
ident du Pont AYERS that the Delaware
company has entered into many large
contracts for war munitions, and its
business has been very successfully
con duet cd
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

Gold to South America.-~The Farm
ers' Loan and Trust Company has with
drawn 100000 gold for shipment TO
Argentina on Saturdays steamship
The Inauguration Of a gold movement
in that direction has not been unex-
pected as exchange between Buenos
Ayres and New York has been moving
in favor Of the former in the last few
days. Owing to the enormous purchases
of supplies in Argentina by the Allies,
such as beef, hides, grain and the like,
Argentina is building up large credit
balance, causing exchange TO swing in
her favor. The latest quotation is
1.O2O5 pesos to the dollar, compared
with par Of 1886.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
October Failures.
Other Cities
New Jersey Railroad Taxes

New Jersey Railroad taxes. rem
ton, \. j., Nov. l.-Railroad and canal
properties in New Jersey were to-day
assessed for 1916 by the State Board OF
Taxes and Assessments for S349,643,-
42l, an increase of S4.695, 4o2 over 1915.
The total taxes the railroads will have
TO pay are S7,4S8,i58, an increase in
taxation of $2sO,230. OF this amount
S5,2S8, $50 will be devoted 10 state uses
and S2,20O,07S will be turned over TO
local uses. The latter item is reduced
from 1915 to the extent of $3.50, due
to the lowering of the tax rates in
Jersey City. The value of second class
railroad property in Jersey City, where
many of the large terminals are 10.
Gated. shows for 1916 slight decrease.
The valuations and the taxes TO be
paid by the railroads operating in the
state are:
Pennsylvania Total valuation. sos, 400. .
PSI total tax. 1916. S2.32s. 500.
Central Railroad of New Jersey v alua-
ton. $50 s2S ] s. tax. S312.O,s.
Exe Railroad Valuation, SOS Sol $50 /;
tax. SJSs.Iis.
Delaware. Lackawanna & Western
Valuation. s57.5sl .eJ1 tax, 81 .2i5.320.
New YORK. Susquehanna x Western
Valuation. 1894. 1888 tax, 1885,. 459.
Lehlgh Valley Valuation, sSi,l53.iSo {:
tax. Sl33.3li
New York Centrsl-Valuation, si4.5s4-
2l2 tax. 1921 500.
Railroads not classified Valuation. sl5..
273. 63l [. tax $3.50. 695.
The taxes on second class railroad
property, including stations, sidings.
etc, for 1916. is Sl,075.l3s. For 1918
these second class railroad properties
afforded New Jersey in taxation, S,i3i,-
SID, a decrease OF 62.316.
Boston Coppers. Boston, Nov. L
Trading in zinc and copper issues feat
ured the trading oil the Boston market
to-day. The close was strong in spots
Copper Range, 70S; CRANKY. 30;
Allouez. 60: Ola Dominion. r.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
Relevant
Information

American Zinc There has been re-
vival of speculative interes: in the
shares of this company in common
with the other members of the metal
group. Yesterday the common rose
two and quarter points to SO and the
preferred four points TO So. The lat
ter issue sold as high as 81. The ad-
vance in the price OF zinc due to the
war demand has resulted in a large
increase in this concerns earnings.
In 1915 the company returned total IN
come Of s5,293,87s, compared with
sls6,l58 in 1914 and deficit Of SOL
600 in 1918. Last April the Gharehold-
ers voted to divide the s7,5Oo,0O0 au-
thorized stock OF one class into So
100000 common and s2,500,000 cumu-
lative preferred. The preferred vas
issued in June as 80 per cent stock
dividend TO common shareholders. The
preferred has preference as to assets
"a well as dividends, which are limited
TO So per year, the rate now being
paid. Nothing is paid on the s4,S2s,-
600 of common outstanding. 1t was
rumored in September that the AmerI-
can Zine Company might merge with
the Butte e. Superior, the largest Of
the zinc producers.
Distribution of War Profits-Nore
industrial corporations announced IN
creased dividends and extra disburse-
ments to stockholders yesterday. The
American Smelling and Refining Com
pany, by declaring a quarterly d.yi-
dend of Ia per cent, placed its COM
mon stock on an annual basis of 8 per
cent. Three months ago the directors
declared a regular OF l per cent and
an extra OF a of per cent The
Eastern Steel Company. which operates
plants at Pottsville. Penn, and holds a
long lease on 100000 tons OF
iron ore in Cuba, declared an extra
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

More Gold from Canada. An add
tional ss.5OO000 OF British gold ar
rived from Canada, bringing the total
up to sos, 100000 since October II, and
s3,50O,OO0 since January l. The Fed
eral Reserve Bank of New York took
$4,000. 900 of yesterdays consignment
and the remaining 100000 was de
posted at the Assay Office to the &C
count Of J. P. Morgan & Co. In the
past fortnight the Federal Reserve
Bank has taken s21 100000 Of the gold
received here.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

The above rates express the cost o.
foreign money in terms Of the Ameri-
can dollar You buy an English pound
sterling for s4.75ii; the intrinsic par.
ity is s4.s6ss per pound. Thus, you
say either that pounds are at q dis
count or that dollars are at a pre-
MUM. which is owing to the fact that
in England the demand for dollars
with which to settle accounts in this
country is greater than the demand in
this country for pounds with which to
settle accounts in England
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
CORN PRODUCTS,
IN DISSOLUTION,
MAY PAY UP
Stockholders, Judge Hand
Intimates, Are Entitled
TO Back Dividends

Final hearings were begun yesterday
before Judge Learned Hand in the
United States District Court over the
manner in which the Corn Products Re
fining Company shall be dissolved At
torneys for the government raised an
objection t. the payment of the 10 per
cent of dividends accumulated on the
preferred stock during nine years
when it paid only per cent instead o.
per cent.
Discussing the suggestion that the
payment of the back dividends be held
up, Judge Hand intimated that the
stockholders were entitled to their
money, and that to deprive them OF
these earnings would be a hardship.
He added:
"The present management OF the
company certainly values financial sta
bility. They are not engaged in stock
jobbing scheme, and they will not per
NIT the finances Of the company to DC
reduced to tho danger point"
Tho government attorneys IN their
decree asked that the company be sep
arsted into four or FIVE units, the ar
rangements of tho details TO be left to
The Federal Trade Commission. Judge
Morgan ]. O'Brien and William Shee-
han. counsel for the defendant corpora
ton, urged that the whole dissolution
be determined by the Federal body, IN
the event that the appeal on the DISCO
lution decision be decided adversely by
the United States Supreme Court.
The formal decree dissolving the
company will probably be signed within
the next few days, from which the ap-
peal to the Supreme Court will be
made.
Federal Trade Commission to Act
In arguing that the company should
be divided into four or five different
concerns, Jesse Atkins, attorney for
the government, claimed that this had
been suggested by Judge Hand in his
original decision handed down in the
early summer. The court stated that
this matter should be left to the FED
eral Trade Commission.
That the constituent concerns or the
Corn Products Company shall be ab-
solutely independent of each other
counsel for the government asked that
the dissolution decree contain pro
vision that no stakeholder Of the pres
ent holding company shall hold securi-
ties in more than one Of the segregated
units.
In any plan of reorganization Mr.
Sheehan said that the Corn Products
Company has no intention OF evading
any of the terms of the decree anc
said it would be unnecessary to bind
the company on every point suggested
by the attorneys for the government
At the close of the hearing Judge
Hand told the attorneys for both sides
that he would draw up tentative DE-
cree. by condensing the form submitted
by the government and enlarging the
draft presented by the defendants.
The individual defendants mentioned
in the suit are: +. T. Bedford, presi-
dent; James Speyer, William J. Mathe-
son. Frederick T. Fisher, c. H. Kelsey,
A. B. Boardman, George s. Mahanna.
George NJ. Moffett, William II. Nichols,
jr, A. A. Smith, Beverly Walden, c. NJ.
Warner, Thomas D. Kingsford, r. $.
Burns, c. W. Lohmeyer, f. T. Bedford
I'd, A. II. Watkins, C. II. Lorenz and
Louis Suss.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
The Dollar in Foreign Exchange

Improvement in Italian exchange and
weakness in Vienna exchange furnished
the feature of the market yesterday.
Lire displayed strength for the first
time in a week and recovered from 6.72
to 6.s7. Vienna kronen fell to a new
low record of 1889. Other rates were
generally steady.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
DIVIDEND NOTICES
UNITED STATES
STEAMSHIP COMPANY

New YORK. October 3lst. DIX
At Board Of Directors Meeting. held
this day an extra dividend OF one-hsN of
one per cent was declared on the capita
stock OF this Company. payable December
LIST. 1915. 10 stockholders Of record a. ths
close OF business on November 18th. 1915.
y. II. CAMPBELL. Treasurer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
uGGErr & MYERS TOBACCO co.

81 LOUIS, MO. OCT. 80 wv
A quarterly dividend OF three per cert
(sce) on the Common stock OF Iiggsu
Myers Tobacco 90. was this day declared.
payable December LIST. 1915. 20 the Com.
mon stockholders OF record at the close Oh
business on November 18th. 1915. cheeh
will be mailed.
T T. ANDERSON. Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
UNITED STATES CAST IRON PIPE AND
FOL NDRN COMPANY.

NEW YORK. October ~. 1915
At meeting Of the Board Of Directors
Of this Company held this day, an erus
dividend OF two per cent on The Preferred
stock OF the Company was declared pays-
OF record AT the close OF business on n.
Bird day OF November. 1915. concurrerty
with tn. dividend previously declared paya-
BILE on that date.
q. r. HAUGHToN. Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
News Digest
Foreign

London Markets.-Loudon, Nov. L
This was holiday on the Stock Tx
change.
Money. per cent; discount rates,
short and three-months bills, 5i7d 5es
per cent; gold premium at Lisbon, 90.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
THE AMERICAN TOBACCO co.
III Ftffb Avenue

Nrr York. Noyemb~ l. 1914
dividend ~ Sc. has be-n declared Jpn vs
Common stock ~ TIE American Tooaop ConrNg.
-, able December l. 1915. 10 stockholders Of ~
ora a. the coes u business November IS. 1915
Checks will be mailed.
T. " W HICKS Tressu~r.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

Below is given 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, 1916-11-02

II is expected that the Texas pesnu.
crop, which is now being harvested.
will give a total yield Of approximately
100000 bushels, worth s24 900
The area devoted to peanuts is $4,000
acres. &
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
Finance : Economics

occasional sales are effected at that
rate.
Official rates Of discount at each OF
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
New York

Indications of Greater Trade Expan'
sion.-Pierre Jay, reserve agent OF the
Federal Reserve Bank of New York, IN
the November bulletin says:
In spite of the existing high prices re.
markable activity continues in most lines Of
business. with a general tendency toward
further expansion. Manufacturers are IN
able TO keep pace with their orders. beins
handicapped by labor shortage and other
deterrents.
The metal trades are very active. HeayJ
buying continues In iron and steel, the de-
crease in September Of 1877, 173 tons IN The
untitled orders OF the largest producer being
accounted for by better working conditions
and a consequent increase in shipmen
Active buying by railroads OF cars ana
other equipment is reported.
The building trade in New York City has
been quiet. statistics for September showl ns
decrease from last year OF S2,S5s.34s
Dealers in building materials report small
sales and abnormally high prices.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

Sub-Tressury. - New York banks
gained from the Sub-Treasury 49,
$4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
Yesterday. A year ago
ofLs a.

Commercial Paper.-Actual trading
in commercial paper Is on 3ii TO
ga per cen, basis for prime six months
maturities and 80 TO 4 per cent for
names not so we'll known. Paper Is
being offered at "a per cent, but only
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

Silver-Bars in London, 52h pence;
New York, ssh cents; Mexican dollars,
62h@56i1.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
Money and Credit

Money on call at the New York Stock
Exchange ruled yesterday at PA per
cent. compared with 2l1 the day before.
The market for time funds on brok-
ers' Stock Exchange collateral shows
little change. The tone continues easy.
Ruling rates on money yesterday.
compared with a year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

Permanent British Per Cent Notes
Ready. p Morgan G. Co. announced
that the temporary notes of Great
Britain and Ireland two-year per cent
loan may be exchanged after November
) for regularly engraved notes of au-
thorized denominations at the Farmers
Loan and Trust Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
'Frisco Earns New Interest Charges

J. & W. Seligman e. Co. and Speyer
& Co., reorganization managers, an
nounced that the net income for the
year ended June 30 last was sufficient
to pay ins full the interest from July
|, 1915, to June 80, 1916, on both the
adjustment mortgage bonds and the in
come mortgage bonds to be issued in
the reorganization.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
Money Cost of the War

Indebtedness of the seven principal
nations engaged in the European war
has crossed $4,000, OOO. 600. according to
statistics prepared by the Mechanics
and Metals National Bank. In the
middle of 1914 the indebtedness OF
these seven nations was s27 900, 00O, 900.
The war is now costing S1o5. 100000
every twenty-four hours, expenditures
of the Entente Allies being fully
double those OF The Central Allies.
In making its estimate of direct mill
tsry expenditure. the bank compares il
with the cost OF other great wars Of
history as follows.
Approximate cost
NApoleonie wars ........... $3.50 oo0, 900
American Civil War..... 5000. ooo. 900
Franco Prusslan War .... 5000 o0o. 900
South African WAr.......... 1850. 900 900
War ......... $500 900 900
European war. 900 600. 900
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

North American Pulp and Paper
Company.-George II. Parks and A. +:
Wright. formerly vice-presidents of
the international Paper Company, have
been elected vice-preS dents of the
North American Pulp and Paper Com
pany.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

fiSnef BODY tOIpOt hc NVu'-
pany has purchased the factory OF the
Regal Motor Car Company, in Detroit.
New Financing in October.-Return
compiled by "The Journal of Com
merce" covering the output of new
bonds. notes and stocks by railway
and industrial corporations of the
United States in October show total
Of $l10,959,900, q decrease of S29,974,-
400 compared with a year ago. The
decrease is attributable TO the fact
that many corporations now find them
selves in a cash position TO finance
their requirements from their own
treasures. For the ten months of the
current year new domestic financing
amounted to S1,s23,7S6,200, which is
| S72S. 1881 800 larger than in the CORE
spending period of 1915. Foreign loans
raised in the United States in October
aggregated S455, 900, against $685.
100000 year ago. Borrowing by for
eien governments since January |
amounted TO s2,245, 800 900, against
$3.50. 100000 in the corresponding
period of last year
Municipal Bond Sales. The bond
market in the last month witnessed
the most active period since just be
fore the war, and prices of municipal
bonds established new high levels, &C
cording TO "The Bond Buyer" COM
pilation showing the volume of financ-
ing arranged by the states. cities and
other municipalities in the United
States for October gives a total OF $31,-
1893 ,233 for the monte, against s26,O3l,-
500 in the same month IN 1919 and
81 1925 two years ago.
October Failures The country's fail
ure record continues highly encourag-
ing. Strictly commercial defaults NUM-
bered l,24O during October, and the
aggregate liabilities were $l0,775,65i,
as reported by r. G.. Dun & Co., as
against LISA insolvencies for Sll,569.-
O7s in the previous month; 1899 for
s25, 800 $50 a year ago, 1856 for S29,-
702,178 in 1914. .43i for S20,245,466 IN
1913 and $50 in 1912, when the amount
involved was Si5.762 1877.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

National City Company.-C. f.
Mitchell, ce-president, has been elect
ed president TO succeed Charles V.
Rich, who remains as vice-president
of the National City Bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02
Maturity DAYS.
'l5-day papet.

Bank EIchanges.-The days clear
ings at New York and other cities:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-02

Fisher Body Corporation.-The Com
pany has purchased the factory OF the
Regal Motor Car Company, in Detroit.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-09-09
WOMAN APPEALS ON
SERIOUS CHARGE
Justice Griggs Fines and Imprisons
Woman On Information Present.
ed BY Unknown Man

Squire Griggs yesterday fined Annie
Glenn 500 and gave her ten days in
Jail. on the charge of conducting a
disorderiy house at 1915 East Main
Street.
She took an appeal and was bailed
In the sum of $500. with J. w. Thack-
er as bondsman.
The evidence was that Mrs. Glenn
had been conducting a house Of dis
order for some time. but that evil
dence did not appear conclusive to
the lawyers.
Policeman Sweet gained his infor-
nation. as was shown in court,
through a mysterious man, giving the
name of Mcconnell. 1t seems that
Mcconnell is a self-instituted officer,
and will not give the Police Depart
ment his address, nor his description.
His information always comes sub
rosa.
The department. in this particular
case. did not think much of the in
formant, but took advantage of his
information. And Justice Griggs i'm
posed the fine as mentioned.
The main evidence was that a man
and woman were sitting on the back
porch OF the house, and upon this the
officers. placed a charge OF miscon
duct, and Justice Griggs imposed the
fine and the Imprisonment
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-09-09
EXPECT BIG SALES
Of RED CROSS SEALS
Attractive Christmas Paskage- Sticker
Designed BY New York
Man

The Red Cross Christmas seal for
1916 was designed by Mr. T. NJ. Gle
land, Of New York city. 1t shows a
Santa Claus in red on a green back
ground In the center panel with a
pack on his bacy bearing a red cross
The lettering "A Merry Christmas"
and "A Happy New Year" is carried
vertically up and down the sides OF
the seai. while the date and the words
american Red Cross" are across the
bottom of the seal. The poster effect
given by this seal is very striking and
makes an unusually handsome de-
sign.
Three hundred million Red Cross
Christmas seals are being printed in
cincinnati for the annual holiday
campaign to he conducted under the
Joint auspices of the American Red
Cross and The National Association
for the Study and Prevention of Tu-
berculosis
The campaign for the sale Of Red
Cross seals this year will be larger
than ever before. Although in 1918
the sale reached the record total OF
So 600, 600 seals, bringing in 100000.
1t is expected that this year at least
100. 600, 600 seals or $1,000, 600 worth
Will be sold The sale will be organ
lied from Alaska to the Canal Zone.
and from Hawaii to Porto Rico Every
state and territory in the United States
will have seals on sale New organiza-
tons will he working in a number of
the western States including Montana,
Utah and Wyoming. Distribution of
the seals Is now under way.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-09-09
COMMISSIONS VALUES
APPEAR SATISFACTORY

Hearings before the State Corpor-
alton Commission OF steam and cleo
trio lines on the assessments to be
made by the commission, were con-
cluded by that body yesterday. Ext
cept the day when the steam lines
were heard, only scattering companies
have had representatives to appear
before the commission.
Clerk r. T. Wilson said yesterday
that 1t seems that the assessments of
the commission have been satisfactory
to tho railroad companies, since they
did not have representatives appear
to register complaints. The work of
making the new assessments Will be
started at once. and any company
finding them unsatisfactory will be
required to appeal to the Supreme
Court for any relief to which they
feel they may be entitled. 1t Is ex-
pected that the assessments Will be
increased in a number of cases.