davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
Copper Market Strong.

A representative Of one OF the iarg-
copper producing companies was asked
Yesterday if he believed the report
that the British and French govern
ments had made inquiry in this marSei
for l5O.000,000 10 200,000,OOO pounds
Of copper for delivery in the first quar-
ter of 1917. Don't you know he re-
piled, that anything is believabI'
under existing conditions in the meta
markets." Confirmation Of the 10
mored inquiry could not be obtained
although other copper interests said
they would not be surprised n furthe'
big purchasers of the metal for futuu
delivery were negotiated. Coppe'
holds very strong. with September de
livery at % cents "A pound and spo
copper at 30 cents and better. One cs
innate in the trade puts purchases OF
corner. domestic and foreign, 300 ti'
last month or two az 700,0Oo,0o
pounds. Copper in London was yer
strong yesterday, at $50 ton 70.
electrolytic. equivalent 10 nearly -
cents a pound, figured with stcr.n'
exchange at S4.76 to the pound
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
Railroads Economizing

Economies forced upon the RAILROADS
ir the period of lean earnings arc prov
ing important factors in making io'
higher operating income A. the pres
cnt. Prosperity has apparently no.
blinded the roads 10 the necessity OF
continuance of the practice of econ
omy. Many roads are urging upon theH
omy. Many roads are urging upo'
their employees greater economy p
the use Of repair materials OWNS
TO the general price advance
The Southern Pacific only this wees
issued orders requesting the praci 6
Of economy along this line. The bai'
timore g. Ohio has long been an ady,o.
cate of saving the pennies through w'
practice Of conservation. This CON
pany discovered not so very long az,
that it could save $50 on every oe
freight car formerly consigned 10 'h'
scrap heap. meaning saving in a yeH
of some $4,000. Instead OF LABELLING
old cars "scrap" they are now taggsS5
"for reclamation" and the lumber az.
metal that used 70 be thrown away S''
carefully worked over
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
Prices Go Higher-Beliet
Crisis with Germany Is
Past General.
BUSINESS ACTIVE;
CLOSE AROUND BEST
Large Gains Overnight-Protit
Taking Brings Merely a
Brief Reaction.

Confidence that our authorities would
be able to find in the German note SUI
ficient excuse for avoiding an open
break, which had caused the rapid re-
covery the day before, sent prices
higher yesterday. Active issues ended
with gains Of from to 6 points or
more after trading that brought the
two hours total TO not far below Co.,
600 shares. While no announcement
came from Washington that the threat
Of withdrawing concessions should we
fail to make England modify her block
AIDE would endsnger maintenance OF
friendly relations, news dispatches indi'
Gated that there was little question at
the capital that this would not prevent
acceptance Of Germany's assurances.
Those who had not covered their
short commitments the day before
fastened 70 repurchase, and new specu-
lative accounts were opened for the
rise. Overnight advances Of from a
fraction TO points resulted, win
further gains Immediately following
Profit taking soon caused some setback,
and for a short time the market hesl-
tated. Before the close, however, the
rise was resumed. The late advance
was generally confined 70 the more
speculative issues. Until the dlplo-
matte situation is definitely defined, IN
vestors maintain an attitude OF caution
The railroads. which had been COM
paratively steady the day before, gen.
orally made little movement yesterday
though Reading, Union and Southern
Pacific, Lehigh Valley and Erie made
maximum gains of a point or more
Mercantile Marine certificates con-
tinued active at higher prices. The
motor stocks were strong, the coppers
benefited by rumors Of further large
INQUIRIES from abroad, and Mexican
issues seemed to find news from the
border and beyond encouraging. United
States Steel on fairly large amount
of business for a Saturday, got up more
than a point to above S4,, closing at Its
best
During the week. as was shown in the
actual bank statement. there was a con-
siderable reduction In loans, the de-
crease in this item amounting to more
than $4,000 600 Demand deposits
were reduced more than S46.000,0OO. a
loss of more than S9,000,00O in reserve,
however. was more than the decreased
requirements could counteractand sur
plus went still lower, at little under
500. 900, standing more than S2OOO.-
900 below that of the week before,
First of the month requirements had
less e do with this cutting down OF re-
serve holdings :hap the demand OF the
interior for funds.
Though banking support was reported
in the market for sterling exchange
rates were trfe under the lowest
previously reached on the present de-
cline, sight drafts on London selling at
under 4.757s for demand Shipments
from this port, according to daily fig
ures announced last week, are rising,
the total at over Sal 100000 being about
sl1 ,000,0 900 above that Of the week be
fore. Weakness of sterling is ascribed,
however, TO reduced sales of securities
here for British account rather than 10
larger shipments to be financed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
All for Preparedness.

Wall Street banking houses, with
scarcely an exception. will be strongly
represented in the preparedness pa
rade on Saturday. Many banks and trust
companies, in addition to lining Up
their employees will have their eXecs.
tive officials in the parade. So interested
have the banks become in the move
ment that an attempt was made last
week 10 have the New York Clearing
House open an hour earlier on Satur
day, so as to clean up the business
that much sooner and permit bani
employees to leave the district earlier
Owing TO certain clauses in the Clear
ing House constitution this could mo-
be arranged. However, all banks and
trust companies will make every efou
to get the days business done and ou'
of the way by noon. Many institutions
are requesting their clients 70 clea'
up all matters on Friday, or very earll
Saturday morning. Several Of the o's
banks plan 10 entertain their employs
at dinner and cabaret uptown after ne
parade disbands.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
BUSINESS TROUBLES
P,tltIons In Bankruptcy.

I SPENCER CROSBY co. manufacturers Of
ladies' hats AZ West 31th ST., by the 'ollosing
rredito-s. scully Bros. & Co. Inc. sos. Fried
man & Distiilator s2f5 and Mildred Satlien
sSl Judge Mayer has appointed Samuel II. Lum-
nj, receiver IN 81 900 bond.
HERMAN + SCHAER. proprietor OF cafe and
resfaursnt 81 1856 West 42d St. BY the following
creflfoFs Henry Fuchs. 81 SEQ. Carlos Garcia. sss
and Charles Meisenzahl SI0T.
PHOTOS BOONDAS. a cook. residing al 1895
Boston Road has fled a petition In bankruptcy
with liabilities si4jl AID no assets.
Eugene r LAMBERT. doing business under
the name o. Leader Importation Co. a, 2i0 West
I1th - has hled a petition IN BANKRUPTCY. with
liabilities sli.24s. Of which slill3 are unse
cured claims. and assets 5000.
Schedules.
ILLUS BERGER dysoods dealer at z53 9Th
AZ has q ed schedules "a bankruptcy. with III.
biiifies s. 500 and assets $500
HONfAN n. BEALES. engaged in the plumbing
and heating business Al 81 CHI st. has filed
schedules IN bankruptcy. with liabilities SIS. Oh.
u which sl5.s5l are unsecured claims. and assets.
81 800. represented by debts due On open sccount
Aljj.
FRENCH MIRROR WORKS. INC, plate glass
dealer. a. 605 West 55th 81. has assigned for tho
benef; Of creditors 10 Charles Meinreb. The con-
pany was incorporated in 1915.
NJ COHEN 4 SONS. manufacturers Of knee
pants a. il9 B.eec6er 81. composed u Mar.
George and Benjamin Cohen have assigned 20
Samuel Dubertein. The deed OF assignment was
signed By Benjamin Cohen only.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
PROPOSE MERGER
In REIMBURSEMENT
Union Bag and Paper Plan
Also Makes Drastic Re-
duction in Capital.

The stockholders committee, August
Heckscher, chairman, appointed 10
work out capital readjustment of the
Union Bag and Paper Company, has
submitted plan of reorganization TO
the shareholders which recommends
that the company be merged with one
or more corporations owning agencies
of the parent concern.
IL is proposed that the consolidated
corporation shall have Sr,000,G00 z per
cent cumulative preferred stock con-
vertible into common at par, the amount
of which is to be S10000S00. OF this
sum Ss,000.000 will be issued to the
holders of the sll 100000 preferred now
outstanding, including the dividend &C
emulation. The remaining S2,000.0oO
will be offered TO the common stock
holders for their total holdings Of &c.
100000.
The 100000 new preferred stock,
or debenture notes issued in lieu
thereof, will be offered TO common
stockholders at par in amounts pro-
portionate TO their holdings. No as
sessment or payment will be imposed
on any shareholder. Securities nc;
taken under the plan will be disposed
of as the directors may determine. As
sents to the committees plan must b.
filed by August /.
A circular issued by the reorganiza-
tion committee estimates the total value
of the company's assets at Sl3,799,3l4.
consisting Of mills. factories, wood
lands, etc, S6,70O,0O0; stock of the ST.
Maurice Paper Company, Ltd, $3.50
600; current assets as of January 81,
less current liabilities. sl.599,3l4, and
patents, processes, goodwill, etc, ST.
$50 900. IL is pointed out that earnings
in the last five years have ranged from
a surplus of S6l7,75O in 1912 to deficit
of S70,679 in 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
PUBLIC UTILITY NOTES
General News and Earnings OF various
Corporations.

Statistics representing the electric
generating and distributing Industry OF
the country for February, as compiieo
BY "The Electrical World gave con-
solidated gross for the month OF S3s'-
$50. 900, which was s4,550,00o, or nearly
IS per cent, higher than in February OF
last year. Output Of stations was j.
1870 OOO. 900 kilowatt-hours, an increase
of 3g5 .0O0. 900 kilowatt-hours, or about
80 per cent over the same month III
1915.
Northern States Power.
According to the March report OF the
Northern States Power Company, earn
inps maintained their usual ratio OF
increase during the month, as compared
with 1915. Gross operating revenues
amounted TO s497 $50, a gain OF 1913
per cent, and net earnings OF S26o,yoo
were 1922 per cent better than IN tne
wear preceding. For the year ended
March 81, gross earnings totalled 3d.
3ss. 444. an increase of 1917 per cent,
which net was increased s456,534 TO 49,,
OO5, 702, or nearly 10 per cent. In April
seventy-seven customers were added 70
the company's list of preferred stock
holders, with total holdings OF s62,oOO
par value, which brings the total num-
Der of customer-sharehold up 70 800
since the stock was first offered in the
territory served by the company's sub
s;,iii,a. les in June, 1915. The total par
value Of the stock held by these cos
toners is s492,400
Associated Gas and Electric
The annual report of the Associated
Gas and Electric Company for the year
ended December 81, 1915, with results
of subsidiary companies included
shows gross earnings from operation
totalling s646,6l6, as compared with
1851 ,548 for the year 1914. Net earn.
ings after expenses for operation and
taxes we're s262,174, against S232,788 in
the year preceding, and gross income
for the year, after including interest
and dividends of associated company
totalled S284,617. Expenditures for in
terest requirements, sinking fund
amortization of debt, etc, of subsidiary
companies were S76,154, leaving bal
ance available for the Associated Gas
and Electric Company OF s2OS,462
againse slS9,751 year ago. Surplus
for the year after dividends on the
preferred and common stocks, interest
charges, etc, amounted TO s26,698, COM
pared with S29,566 at the close of 1914
During the year 100000 was expended
for improvements and betterments to
the plants of underlying companies
and S30,529 for maintenance.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
Cotton Exchange May Open Earlier

A movement is unGer way from Lon
don TO have the New York Cotton Ex-
change open for business at $3.50 a. ~
instead of 10 o'clock. Sentiment IS
being sounded through private cable
advices to New York firms. The agita +,
tion favoring an earlier opening IS SAID
TO be due 70 the expected passage by
the British Parliament OF the light saw
ings bill, by which England's clocks
will be placed back one hour.
If the Cotton Exchange opens AZ 9:oO,
New York time, Liverpool will then re-
main open until 4:3O p. m, ne" Eng
Iish time. instead of $50.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
MOTOR co MERGER DENIED
w. c. Durant Calls Detroit Rumors
pure Fabrication

W. c. Durant, president Of the
Chevrolet Motor Company, yesterday
branded as false press dispatches from
Detroit that he is TO become the head
of a 5000, 100000 merger Of Michigan
automobile companies. He said;
THE entire article and report are
fabrications pure and SIMPLE, the inven-
ton of some imaginative mind, and the
facts Of which could easily have been
ascertained by any request for informa-
tion or verifcation being made on any
of the gentlemen whose names are
mentioned prior to the publication OF
the article" ,.-
aud member of the executive commit
tee of the Maxwell Motor Company
said that company would not combine
with any other automobile concern
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
Ordnance Co. Gets Motor Plant.

The Consolidated Ordnance Company,
recently incorporated in Delaware, 10
engage in various forms of ordnance
manufacture, has ,.cquired the Sterling
Motor Car Company, large manu-
facturcr of automobile parts, and has
turned its facilities into the manu-
facture OF ordnance. With the pur-
chase the ordnance concern obtains the
big plant of the Sterling Motor Car
Company at Brockton, Mass, the deal
including the taking over Of the list OF
contracts the latter company has for
the manufacture of shrspnel adapters,
dies for cartridge cases and master
gauges for muniton work; also orders
on regular commercial business for
automobile companies. The acquisi-
ton Of other plants is said 70 be under
consideration by the Consolidated Ord
nance management.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
Bank Clearings.

Clearings through the banks at all
the more important cities IN the United
States continue 10 make new high rec
ords for this period, the total last week,
according 10 "Dun's Review" amount
ing 10 s4.625, 69l 200. an increase of 22.3
PER cent as compared with the same
week last year and Of 1913 per cent as
contrasted with the corresponding week
in 1914.
Sharp expansion continues TO appear
IT New York City. with gains Of 201
and Gal per cent, respectively, over the
same weeks in the two Immediately pre-
ceding years. Cities outside show an
increase Of PA per cent over last year
and Of 34.3 per cent over two years ago.
Daily average bank clesrings for the
wear 10 date are given below for three
years; ,.
1915 1918 1914
Nsv - STsSB7s 900 s6ss e07. 900 $500 Sol ono
Nnrl - essls2000 f0S 056. 900 500. 900
l., quarter 69s.s70OoO it0sS2.Ves 5e9.0Ss.eV
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
Tickle Wall Street.

The scale Of activity yesterday re
called a certain Saturday morning W.
weeks back, when the whole marke
dropped with a bang on the belief tina
the Sussex note meant the severance o.
relations with Germany. On that dal
approximately 100000 shares change'
hands on a downward scale. YESTERDAY
the turnover on an upward scale wa
around $4,000 shares. Two weeks agl
stocks lost 3, and points. YESTERDAY
they gained 3, 4 and 5 points
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
Gold Coin for Cuba.

Half a million dollars in gold coin
was withdrawn from the Sub-Treasury
yesterday for shipment to Cuba. There
was taken from the Philadelphia mint
$3.50 900 in the new Cuban coinage TO be
shipped TO Havana.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
Decrease for Twelve Fed
eraI Institutions Amounts
to $6,337,000.
N. Y. GOLD STOCK
$2,500,000 SMALLER
Three Southern Banks Hold
Two Thirds of Total Dis
counted Paper Reported.
From The Tribune Bureau

Washington, May Ga decrease in
total cash reserves of $6,337 900 is
shown by the twelve Federal Reserve
banks, according to the weekly repor:
of the Federal Reserve Board to-day.
All the Eastern banks report smaller
gold reserves than the week before,
New York's decrease being caused
largely by deposit of more than 81
100000 of gold with the Federal Re-
serve agent TO reduce the banks liabil-
ity on outstanding Federal Reserve
notes. Richmond and San Francisco re-
port substantial gains of gold as the
result of the last settlement.
The larger cash losses indicated for
the New York, Philadelphia, Cleveland
and Kansas City banks are offset IN
part by gains made by the Richmond
Minneapolis and San Francisco banks.
Of the total amount of discounted
paper, about two-thirds, or S13,731, 1000,
is in the hands of the three Southern
banks. This figure is about % per cent
smaller than that recorded at the be-
ginning of the year. Less than so per
cent of all bills held by the banks at
present are discounts, as against 90 per
cent in the beginning of the year. Ac-
ceptances on hand show but little
change in volume since last week,
Philadelphia reporting the largest net
gain in its holdings of foreign trade
acceptances.
No change is shown in the amount
Of Treasury notes held by the banks.
The amount of United States bonds
owned by the banks is now in excess of
S50.O00,0O0. About S11 100000 of this
total has been deposited by the banks
with the Treasurer of the United
States to secure circulation. Against
the amount deposited the banks report
S5,31s,OOO of the bond-secured notes
received from the Treasurer and ST.
694,000 of such notes in actual clrcula-
ton. Municipal warrants on hand in
creased during the week S2,20O,OOO, all
the banks active in the field, except
Boston, showing larger figures than
the week before.
Of the total earning assets, 31.1 per
cent is represented by United States
bonds. 29.6 per cent by acceptances,
24.3 per cent by warrants, 1916 per
cent by discounts and "a per cent by 3
per cent Treasury notes. The ratio OF
earning assets to paid in capital stands
at present at S94 per cent, compared
with 2S4 per cent at the end of the
previous week and 152 per cent at the
beginning of the year.
Federal Reserve agents show total
OF SlS7 $4,000 Of Federai Reserve
notes outstanding, against which they
hold s178.O42,0O0 of gold and S9,978,0O0
of paper. The banks report S160,30e, 900
of these notes in actual circulation.
Their aggregate net liabilities on the
notes issued to them is stated as
Ss.573, 900.
The figures in detail are as follows:
RESOURCES
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
Allis-Chalmers Earnings Gam

The Allis-Chalmers Company repsiis,
for the first quarter OF 1910 to,A' go.
Of s4,373.s40. compared with on,s n.
1877 for the same period OF lsl2 IA.
sales by month were; January, Wsrch
2OS; February, Sl,367,7S6. and N
Sl,640,90l.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
STOCK EXCHANGE FOR THE WEEK

Following usual table giving the number OF shares OF al d
dealt for tho together hgh'
week. the ana TO-" prices
IN. and The W prices Of the 1915
L070e week and 4-
s32 800 AGAINST l30t00 I'D
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
BRIEF WALL STREET NEWS

The Stock Exchange membership OF
the late Francis F. Robins has been
posted for transfer TO Arklay King and
that of the late John +. Branch 10
Walter Roesler.
Henry c. Hammack, it was an.
nounced yesterday. has been appointed
secretary and treasurer of the Lima
Locomotive Corporation, TO succeed
John II. Guess, resigned.
Gold coin 10 the amount of 100000
has been withdrawn from the Sub
Treasury for shipment to Cuba.
Stockholders Of the Wheeling & Lake
Erie Railroad Company have elected
Arnold L. Scheuer, Of the Stock Ex-
change firm Of II. ]. Goldschmidt e.
Co., director.
The Stock Exchange firm of Auchin-
Gloss. Joost & Co. has been dissolved
as of April 80, and a new partnership
under the same firm name has been
formed by Sherman b. Joost, James c.
Auchincloss, Francis l.. Sill, Howard
Corlies, Ernest Truslow and Rufus S.
Rowland.
George n. Patrick has been admitted
20 the firm of J. J.. Graham e. Co. and
Loew & Co. have admitted Arthur Tu-
key TO partnership.
J. w. Ogden is now at so Broadway.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
NEW YORK STOCK EXCHANGE
SATURDAY. MAY 6. 1915.

Total of stocks 5soo against Ses2oo FRIDAY, so'
January to date 35isoo against
asoOo All quotations. including annual dividend rate are
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07

Closing cabl. and sight rates: London-cisls
as lis demand as 1918 Plns-Clble, es1
cheek. 5sts. Beriin-cAbls, iea cheek, IsA,.
ss!LlellAad-CAhIe. 3.NA. check. va Holland
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07

Cable. u5-ls: check az. rLy-Cshle 6.?s
chsek $50 Gr~ce-Cable. S. cheek. 10 81
sixty and ninety du bills-london loankfs' i-
Sky days AIM nilry days. Ava.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
LAST WEEKS TRANSACTIONS.

Daily sales of stocks and bonds on
the Stock Exchange during the last
week. with yearly comparisons:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07
NEW YORK CITY BONDS.

.coupons interchangeable. tcoupons or registered
tPlaln REGISTERED
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07

DIVIDENDS o; above stocks are on dollar oasi
'EI dividend no eIua DIVIDEND Included.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-07

Gold coin 10 the amount of 100000
has been withdrawn from the Sub
Treasury for shipment to Cuba.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-09-03
HAIR CRAY? THEN
APPLY Q-BAN
It Darkens Gray Hair Evenly.

If your hair is gray, streaked with
gray, prematurely or just turning
gray or if your hair is dry, harsh,
thin or falling, simply shampoo hair
and scalp few times with Q-Ban
Hair Color Restorer. Soon every
strand of hair whether gray or not)
becomes evenly dark, soft, flossy, fluf-
fly, full of life and health, full and
heavy and fascinating, and entire head
of hair is so beautifully and evenly
darkened no one could suspect you had
applied Q-Ban. 1t is absolutely harm
less and no dye, but Q-Ban acts on
roots, restoring color glands. Sold
on money-back guarantee, Soc for
a big bottle at w. A. D'Alemberte's
drug store, Pensacola, Fla. Out-of-
town folks supplied by mail. ADV.
The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-09-03

the great affairs of peace. We are
Americans for Big America, and re
joice to look forward to the days IL
which America shall strive to stir the
world without irritating it or drawing
it on to new antagonisms, when the
nations with which we deal shall al
last come to see upon what deep
foundations Of humanity and justice
our passion for peace rests, and when
all mankind shall look upon our great
people with new sentiment Of ad-
miration, friendly rivalry and real
affection, as upon a people who,
though keen to succeed, seeks always
to be at once generous and just and
to whom humanity is dearer than
profit or selfish power.
Upon this record and in the faith
of this purpose we go to the country.