davidaulloa/AmericanStories huggingface dataset:
The sun., 1916-11-18
WESTERN MARYLAND
CHANGE Is APPROVED
Stockholders Vote to ConsOli.
date Companies and Issue
New Mortgage.
RIG SAVING WILL RESULT
Gross Earnings Of Railroad
Show Increase Over Last
Years Figures.
RIG SAVING WILL RESULT

Plans for the financial reimbursement Of
Re Western Maryland Railway Com
DAny we're approved yesterday by the
stockholders at q meeting in Baltimore.
n b proposed to form a new
" consolidating the present Western
Maryland with It's constituent companies,
lsus a new mortgage for $50, 900, 900
Of nrst and ~refunding bonds, new issues
4 first and second preferred stock total
Ing s2s.ooo.ooo and new common stock
n $50. 900, 600.
Tho securities to be created include
eyt and r%cfunding mortgage bonds Of
$50, 900. 900. subject to their first mort
gage OF tho old Western Maryland and
rs underlying mortgages and those Of
M constituent companies. amounting In
III to sso.177 900. The sum OF ss7.-
100000 Is TO be reserved for new equip
nent. permanent betterments and the
construction or acquisition Of additional
mileage.
BY this financing the Western Mary
Ind will relieve itself of the burden Of
b ie,00o,0 900 Of notes IN default since
1915. on which $4,000. 900 In interest has
eocfusd. It's bonded Indebtedness will
reduced from S~7l,lS3.ooo to $751;
Is1.ooo.
0ro0 sasningv for ne road IN he
pcend wesk q November. Just IMPORTED.
nm o3%S.sSe. N increase Of o\l.e3S.
Prom July I - November II he gro0
~ et.7sS.lSl. an inosSass q e77A.%1A
NJ last year.
OUYFALO. H0CRD0THD . PTTxuDUDoe
oFVos earnings for second Week q Esvembes
m S1s4, en- inc. 81. 80; non July 4, euoD
~ IS, AS. SIS; inc. S7ts,s75
DENVER 4 RIO GRANDE-oross esminsr
kf second week Of Nov. were tSS7. 800; inc.
Mtp; for hrt week In November groea, g..
n,sp: Inc. tss.7co. From July to NOVEMBER
v gross, SO, $50, ~ no., x1ee, 100.
SOUTHERN RY.-Has sold IS. 100, 90 SkSe
shipment trust certificates TO Drexel q Co. Of
Rtila. They Will mature In % equal SEMI
napal instslnsnts Of ass. 900 each.
The sun., 1916-11-18
HOTELs.
SUFFRAGE WINS SO, 900, 900.
DiSisioo NnIes on win 81
Mrs. Frank Lealie.

An emoun, estimated at between
$1,000 900 and So. 00p, 400 was 50 wed for
tho cause OF Woman suffrage yesterday
when the Appellate Division cc the SUI
prcns Court affirmed a decree OF thu
S~urroSate's Court denying the petition
OF Arthur Leslie, grandson OF Frank
Leslie, 10 break the Will Of Mrs. Frank
Leslie, The ~grandson's hCht centred on
trying 10 prove That Mrs, Leslie was the
natural daughter Of "A negro slave.
The court held that the allegation that
her iUoth'" was n negro slave was
'demonstrahly disprovcl.' Under her
VIII which was admitted to probate on
December :, 1914. the bulk of Mrs.
Leslles estate went to Mrs. Carrie
chapman tatt, her personal friend and
president "' tho New York woman's
suffrage Association, In order thai Mira
Cat, might advance the cause of woman
suffrage, ~ which tho publishers widow
was greatly interested.
The sun., 1916-11-18
INDUSTRIAL NEWS.

mrCrBLE STEEL CO.-Deciared regular
fsfred stock and additional ~ per cent. on
srount Of deferred dividends. Dividends
Ee n,,vshle December q to STOCK Of record
December Z.
MANHATTAN ELECTRICAL SUPPLY CO.
New York Curb has listed 5000 shares Of
eumcn and Is, 900 nrpt preferred shares Of
fcupany. Par Of both common and preferred
b 800.
NATIONAL ENAMELrNa 4 STAMPING
company's new rolling mill at Granite City
turn out light and heavy sheets and bars
for outside consumption ~ well - for its
own use. Company will absorb 30 per cent.
Of output.
tcaie managers announced that all Z per
cent cumulative and convertible preferred
ptcck has been sold. Issue was largely over
subscribed.
The sun., 1916-11-18
Icy Coasolidated Ceppsr.

NJ. ~. New York. am thinking Of buy.
Ing some Ray Consolidated Copper At the
market price. Kindly advise me IL N IN =
higher7
Ray Consolidated Copper's earnings
are highly satisfactory and the dividend
policy Of tho directors has been con-
sentative. Under present conditions a
superficial view indicates that still higher
prices for the shares would be warranted.
but there can be no assurance Of this un-
less you ~ look n the future. Prob
ably the price OF copper metal will be
hig throughout the rest OF tho war
period. and there ts basis for confidence
that after peace Is retored the reactlon
will not be so severe as to wipe out this
company's margin Of profit. on Is cent
copper II should be able to earn at least
81 a share. which OF course would mean
much lower prices for the shares. Blu, II
probably will be q long time before the
metal declines TO that level again.
The sun., 1916-11-18


J. d. A.. East Orange. N. IA friend
suggests that ! buy Wisconsin Central nrst
and refunding mortgage Z per cent. bonds.
which he tells me can be had for 70. Does
this price appear reasonable TO your Are
they really the first bonds Of the company,
that is. are they tho first claim on assets
and earnings?
n Wisconsin Central Railway first
and r~efunding mortgage 10 Of April /.
1853. are subject to prior liens amount
Ing to more than $4,000 . mile, They
themselves are outstanding to the amount
Of about $3.50 . mile. They are uar
anteed - to interest BY the Minneapolis.
81. Paul and sauit Sta Marie, which oon-
trolls the Wisconsin Central through
stock ownership. They are not the high
est type Of investment, but the price ap-
pears reasonable when II II realised that
the Wisconsin Central hrst general mort
gage - Of ls4s. the most important
bonds having q lien prior to that Of the
first and refundins IA. are selling on q
yield basis Of about ~ per cent.
The sun., 1916-11-18
Msrconi wireless Of Canada,

r. r. r., New York--wiI you please give
me what Information you can obtain re-
garding the Marconl wireless Telegraph
Company Of Canada2 IL this company ac-
lively engaged In business7 Where may y
financial report be- obtained7
Men associated with the management
Of the Marconi Wireless Telegraph Com
pany OF Canada eport substantial ca
pnns!on in the volume OF business done.
but tho company's financial condition as
revealed by the latest available balance
sheet tshowing the condition as OF Jan
uary 81, 1870 still IL far from strong.
cash at bankers. on hand and on loan
aggregated $10l.146.s3 n accounts re-
ceivable (less 5000 reserve for doubtful
a%ccounts) totalled S1ls.%09.S 80. Against
these Items were accounts payable OF
s7l7,36S,ss. Other assets consisted
chiefly OF property. stations. rights,
PATENTS" &C.. this item totalling s5.44s.-
6ai.7s. or $500 00 more than tho par
value Of the capital stock. Apparatus
and stores on hand were valued at SiSS,-
0t7. Pront for the year ended January 81
wac reported AZ Sll0.226. of which TN
tsrest on advances o eSO.i3s. The
surplus account at tho end OF the year
stood At $50, s16.7o You may be able 10
The sun., 1916-11-18
POSTAL SAVINGS INCREASE.
The 100000 Depositsrs HaveSloA,-
100000 - Their Credit.

ms 1tD'' insr. IN R'i y. 700 ss cco :v. SA1 os,.s l::,
is.' s., In ,hn fss, mon.h' inc &C. JSiy I
most as much as for the entire year ended
juno 80, 1915. On October 81 postal saw
lngs depositors numbered $50 900, With
slu' 10000 to their credit. The largest
gains icr october were IN the following
$40. Detroit, sIsS,s54. Brooklyn, Jis5'I35:
pi,tsburg. sl43, ie3; Buffalo, 500, iip, and
Boston, f0s,645. Thirteen offices have now
Louis Joined tho million dollar class In
october.
The sun., 1916-11-18
PUBLIC UTILITY NEWS.

CONSOLIDATED GAS. ELECTRIC LIGHT
per cent. convertible notes due 1921 have
hen admitted TO New York Stock Exchange.
UNION GAS 4 ELECTRIC-Company now
ls new central electric generating station
nder. construction In Cincinnati to cost ap-
~prvIimately q, ooo,oo Plan Il to provide for
manufacture Of bulk power on larger scale to
meet growing vowel needs Of Cincinnati. Old
O~eaerating station will be abandoned.
The sun., 1916-11-18
IRON & STEEL COMPANY.

Al, mee-ing OF the Executive Committee
Of the Republic Iron & steel Company, had
November 18th, 1915, the regular quarterly
dividend NJ r. on the Preferred stock,
and an extra dividend Of 80 on the Pre-
ferred stock on account o. deferred divi-
dends. we're Declared pnrnn'n January Jet,
1917, 10 st0ckhuliers ~ record December
18th, 1918 HOOKS remain omen.
RICHARD JONES, JR. Secretary,
The sun., 1916-11-18
BOSTON MARKET.

bosTDN, Nov. n.-Heavy trading In copper
~an hcssb.ed prices sharply. North Butte
mer. up points to @h Quincy. Calumet and
n,se,s, ,aldniet and Arizona and CRANKY were
".,,ner stIons features. Rails were neglected and
The sun., 1916-11-18

r. L., HurIeyvills. N. Y.-Kindiy inform
me what securities . holder Of 100 shares
OF Wabash common received under tho re-
organization plan. and whether the old
stock has any value.
Upon payment Of the assessment OF
$4,000 the holder OF 100 shares Of old
Wabash common stock received fifty
shares OF new preferred A stock and
as shares OF new common stock. II is
too late now TO participate In the reor-
ganisation. so the value of your cert,a-
cate Is largely historical.
The sun., 1916-11-18
studebaker.

s. W. II, New York-will you advis. me
regarding the Studebaker Company COM
mon and preferred rtocksf Which would
be preferable to buyT
The common has greater speculative
possibilities. but for one who does not
wish the speculative to predominant over
the investment element In his ventures
tho preferred stock is much more de-
sirable Than the common. The senior
Issue Is entitled to Z per cent. cumulative
dividends and at liz yields approx
mately 8 Ia per cent. on the investment.
1t Is callable in whole or In part at 1875
and should two quarterly dividends be
defaulted would vote to the exclusion OF
the common. A special surplus fund OF
at least 3 per cent. Of the par value of
tho outstanding preferred must be set
aside annually for the purchase Of pre-
ferred stock. No dividend can be paid
on the common until this fund amounts
to ~ 1000, 900 the amount Of stock out
standing at last report was SO, s65, 00O),
and not more than s per cent. can be paid
on the common until tho fund amounts
to $2,500. 900. In case Of need pre-
ferred dividends may DO paid out of this
FUND. but the amounts so paid must be
returned to the fund from future earn.
ings.
The sun., 1916-11-18
PHILADELPHIA MARKET.

PHILADELPHIA. Nov. n-Narkst active
and strong. Lake Superior and PhiiadeIphis
Rapid Transit trust certificates continued the
most active local shares. while the strength
In New York stocks was shared here. Bonds
arm. Summary:
The sun., 1916-11-18
lArKs ON oTHER COUNTRIES.

ApproiimAte pATties Of above fe. Hol-
land, 5lst lire. drachma and francs rsspec-
lively. Russia, ti%6 cents: Austria, O.es
cents: Dem ark. Sweden and NORWAY, 70 is
,2S CENTS; Argentina. gold. i.0ss6 pesos; In.
dia. s2.A cents: Japan. asa cents.
DOMESTIC EXCHANGE - Boston par.
Chicago. iSc discount: St. Louis, icc. 6ia.
count bid. par aaked: San FrAncasco. ioo
premium: Montreal. par: Cincinnati. par.
silver PRICES.
The sun., 1916-11-18
MONTREAL CLOSING.
PARIS MARKET.

PARIS, Nov. H.-frsdins quiot on the
Bourss to-day. Ihree per sent. I%entes, q
d"o. n Franco nv osntines; . ~ saA. lean.
n frsnrs 10 centtmee.
The sun., 1916-11-18
Investment Questions and Answers

This column appear three times zach wesk.
,u, H:.asn y al q: man questions - they IN ss~e tavsstnsnt rstctA
unnecessarily to the clerical FORK Of hiso once Do not send money This service
10 free Be sur to give you 'addressa as we'll a. or name, because most Inquiries
re nswered By mail All correspondence 10 held o. onndsntsi
Address all communications to Financial Editor Tlp Sun. 50 1oaA arvSt
New tork city
National Fuel Gs. obtain a financial report by Addressing
The sun., 1916-11-18
SPOKANE VALLEY LAND 4 WATER CO

SPOKANE VALLEY LAND 4 WATER CO.
on December 18th. 1916. Vim. Weaver
Heaton. Trustee Of the Spokane Valley
Land y water company Consolidated Mort
gage Bonds, VIII call i've $1,000 bonds FOR
redemption on January LIST, 1917. at iO5
and Interest, ~ the Office OF Day 4 Heaton,
SO Broad way. New York.
Nov. 4. 1919. u. c. CORBiN, President.
The sun., 1916-11-18

J. r. X. Brooklyn-I would be pleased
to have Information regarding the financial
condition and dividend record Of the Canada
steamship Lines.
The Canada Steamship Lines. Ltd. Is
comparatively new. its charter having
been granted about n year prior to the
outbreak Of the war. At the end Of
1914 the profit and loss deicit was
S570.432. but in the following e this
was made good and a surplus Of 320.ss4
was reported. Profit in 1915 after all
deductions was $662.l52. In the current
year II Is understood earnings have been
larger. Dividend payments on the
preference stock have been resumed and
Canadian advices are to tho effect that
the directors are considering payment OF
accumulated dividends. The price OF the
shares. however. does not indicate that
Canadian buyers are confident such pay
ment will be made in the near future.
Tho shares arc entitled to 7 per cent.
and three payments At that rate have
been made this year. Prior to the cur
rent year there were two payments at
the same rate. one on March 1 and the
other on June /. 1914.
The sun., 1916-11-18
PrTTSBURG MARKET.

PITTsBUR0, Nov. lila Belle Iron and
Steel was active and more than ! point higher.
Westinghouse Air Brake was I higher and Union
Switch and signal " lower. summary
The sun., 1916-11-18
DISTRIBUTION FROM RESERVE ron
AMuRJl/NTlON.
Standard Milling Company
80 WALL STREET.
New York City, November IS. 1915.
To Holders Of the Temporary Ten
Year Six Per Cent. Convertible
Gold Debenturs Bonds of Stan.
dard Milling Company.

Notice Is hereby given that tho six per
cent. permanent coupon bonds Of this Com.
pany are now ready for delivery. Holders
Of the temporary bonds above referred to
are. therefore, requested to deliver tho same
to Metropolitan Trust Company, NJ. -
Wall street. New York city. and receive
the permanent coupon bonds In exchange.
JOS A. KNOX, Treasurer.
The sun., 1916-11-18
,IsCOUNr RATES OF FEDERAL RE-
sFRNE -

Note-Agricuitu ral and live stock paper ma
turtles Of from 81 days TO six months.
Trade Commodity
The sun., 1916-11-18

Authorized rates for bankers acceptancrs.
20 minimum. tS maximum Rates for bills
Of excl purchased In open market, by A.
lAnta bank, ga f5h%. Rates for bills with
or without member hank endorsement, with
maiuritirs Of u,nriy days. or less, purchased
IN omen market by ST lpnis bank, ep4T,
Rates for commercial paper purchased IN
open market by Dallas bank, aG:T Rate.
for trsde accept ancrs, with mafurities OF
nirety days or lees. ased 10 open mar
k~t. without member bank Endorsement. by
New Orleans branch Of Atlanta bank, $40
80 Rate of bT for commodity paper with
mAturitirs Of from sixty days TO sig months
nxeu for San Ernnrisrn hank
The sun., 1916-11-18
National Fuel Cas.

National Fuel Cas.
NJ. r. F.. Phiiadelphia-Csn you give me
any Information about National Fuel Gas
and its current earningsf specifically, i
would like to know whether Its subsidiary.
new pipe line from Lewis Run. Pa. to NJ.
agara Falls. N. Y. and II 80, VIVA, ensct
the increased piping capacity 10 nksiy 20
figure Is National Fuel Gas quoted?
So far as can be learned current
Of the National Fuel Gas Com
are entirely satisfactory. At the
office It IL stated that the
new pipe line you evidently refer to Is
not completed and that II will not - ex-
tended to Niagara Falls. II II explained
that the line was NOT intended - .
trunk line and 10 In TACT Of minor I'M
portance. A bid price Of 22o n re-
ported for the shares, with nons offered
The sun., 1916-11-18

Swiss francs moved up sharply YESTERDAY.
sales being reported NJ b,i9, but In the after
noon there was an irregular decline and the
prevailing quotation for checks al the close
was the same as on Thursday. The high Of
the day is not far from par. tho discount he
ing less than Is Of ! per cent, and though
the general tone Of the market still appears
strong, a further advance may meet more
active opposition Exchange on Denmark
dropped below q cents IN the afternoon,
Three months ago the premium was az.
pro1imatPly 50 pcr cent. two months ago
about 3 per cent. and now about 35 of l per
cent, Russian rubles continued strong and
Austrian kronen we're weak. Demand for
Italian lire appeared to he on the increase
in the afternoon Argentine exchange moved
.till higher. while mirei. were weaker The
contrary movements Of these two exchange
4. not SURPRISING when conditions In the two
countries are taken into the reckoning.
In the following tables, when the de.
mand," "slsht'' or check rate 10 quoted
in United states currency H. 10 said to
favor" thi. country, u les, than par, but
10 be against" this country Il less than
par For the conve nenco of readers such
rates are marked "F"' when In favor OF and
a. when against this country,
The sun., 1916-11-18

n. n. O.. Brosklyn-WhAt are The live.
the American Brake Shoe 4 Foundry Cen
pany7
The preferred stock 10 entitled to .
cumulative Z per cent. dividend before
anything 10 paid to common stock. After
this dividend IL paid the common II en-
titled to non-cumulativs dividends not
exceeding 7 per . All remaining
earnings accrue to the benent OF the
preferred stock.
The sun., 1916-11-18

obtain a financial report by addressing
the secretary Of the company in Mon
treaL
Pioneer press. [volume] (Martinsburg, W. Va.) 1882-19??, 1916-04-08

from applying, so that the companies
which do apply for license are as a
rule those with nothing 10 hide.
1t will be observed that the success
or this law is particularly dependent
upon the knowledge and honesty of
its administrator; it's enforcement has
already saved our citizens hundreds
Of thousands Of dollars.
importance Of Auditors Office.
Now, gentlemen, | have not been
able in the short time at my disposal
to refer to all the duties of this office
by any means, but | think | have said
enough to give you some idea Of its
Importance
You will readily appreciate that It's
manifold duties can not be mastered
IN day--or in q year; nearly all CT
the States financial matters are
handled by it, and its action, especial
ly in regard to insurance companies
and stock promotions, may vitality
AFFECT you personally.
In the discharge Of my ofIic duties
have known no distinction in politics.
religion or color; | have endeavored to
give the same prompt, conscientious
service to the humblest as We'll as to
he most influential; | have attempted
TO handle the tremendous business OF
this office along the same lines Of
economy and efficiency as are follow
ed in we'll conducted private enter
prses.
| therefore submit my candidacy to
you as business proposition. If 7,
the present Auditor, have rendered
you satisfactory service; if you feel
that proper care has been taken of
your interests in the past, am | not
IN a better position today than ever
before tc render good and efficient
SarVicp2
Pioneer press. [volume] (Martinsburg, W. Va.) 1882-19??, 1916-04-08

also, and some believe tina, he might
make a better run for nomination
than the former president Of the son
ate. 1t is not probable that DC,h
brothers Will announce for COngvc5s
in their district
Hiner is strong man in his par.
and having once been the DemOcra
nominee Tor congress-at- large. h
had experience l. COMPRESSION
race. HIS home county. PeLl.e.u
is strongly Democratic. ana this ns =
be considered by soEe as q u.a..-
back
Pioneer press. [volume] (Martinsburg, W. Va.) 1882-19??, 1916-04-08
PROMINENT LOCAL
MEN MENTIONED
FOR THE: VACANCY
PITTSBURGH DISPATCH PAYG
SENATOR GRAY SILVER A
FITTING TRIBUTE.
SAYS HE WILL BE CALLED TC
ASSUME LEADERSHIP IN
DISTRICT.
SENATOR S. V. WOODS AND HON
BEN HINER ALSO MEN,
TONED.

At KcySer this Afternoon the Demo
cratic Executive committee OF the
Second congressional district held
meeting for the purpose Of determin-
ing how a candidate to fill the vacan-
cy caused by the death Of Congress.
man William c. Brown will be Sc
lected. Since the vacancy occurred
there has been much speculation as
to the Democratic candidate and two
local men have received favorable
mention through the state press as
well as elsewhere. They are Senator
Gray Silver and Attorney Cleveland
NJ. Seibert. This is what Aloysius
Coll, state correspondent for the Pitts
burg Dispatch, located at Clarksburg,
says:
Interest in the political campaign
throughout West Virginia has veered
of to the special election which Gov
ernor Hatfield will call to fill the va
cancy for Congress in the Second dis
trict caused by the untimely and
much regretted death Of Representa-
tive William G.. Brown. The Dispatch
has already pointed out the possible
tangle in making nominations for this
office, but candidates are discussed,
nevertheless, neither the state press
nor political leaders having taken
note Of the seeming barrier until the
publication Of The Dispatch article
pointing out the lack of a clause in
the primary law providing for spe-
cial election.
Silver a Factor.
Senator Gray Silver has long been
i
Democratic workers in the Second
district. 1t is said Of him that he is
not hungry for office, but the passing
Of Brown has left a gap in the eastern
counties which hearkens back to par
ty duty. and Senator Silver IS one Of
the men who will no doubt be called
on to build up a new structure for
the Democracy in the district, wheth-
er he goes into the Congressional
race or prefers to remain in the pri-
vatc ranks.
Woods Is Strong.
Senator Samuel V. Woods was seri
ously considered as a possible candi-
date for governor. and later | have
found considerable sentiment to sup
port him in Harrison, Marion, Ritch-
ie and other counties for the Supreme
Court. Two vacancies are to be filled
this year and the nominations for
this office are to be made in cOnven-
ton, not in primaries. When Presi-
dent Of the State Senate Mr.. Woods
made some decided friends by urging
economy. he lost some friends by op-
posing income tax, but many Demo
Gratis declared this should not now
be a barrier to his popularity, be-
cause many men in all parties have
changed their attitude towards this
issue within recent years.
The senator's brother, Hop Woods,
is much admired by many Democrats