davidaulloa/AmericanStories huggingface dataset:
The sun., 1916-10-14
A Vanderbilt RumOr

II has been reported for several days
that W. X. Vanderbilt and his associates
I'm control OF the New York Central and
Chicago and Northwestern had bought
heavily into Union Pacific and that re-
port has given rise to a rumor that there
was proposed Il consolidation OF the Cen
trail, Northwestern and Union into n
transcontinental system that would be
as strong as any that could be suggested.
The system would be a marvel in size
n earning power" said u banker by
way Of comment on the rumor. but IL
would be too big a business to be handled
by any one man or any one group OF
men. We have come TO realize that
there IL a limit to the size of a business
that can be conducted properly by any
one mind or association Of minds. For
instance. 1t was proposed several years
ago that my bank merge with another
large bank. We came near doing IL. but
II turns out each OF us has grown a
large as the combined institution could
have developed, and much more of course
In the aggregate han the combined in
stitution could have shown. | happen to
know that the Nnndcrbilts consider that
they have enough on their hands in the
management Of the New York Central,
An earnest Of that proposition IL the fact
that though they control Northwestern
they have never sought to consolidate |,
with the other lines under their direction,
but have had 4; operated Independently"
The sun., 1916-10-14
4 contradictory Market.

Yesterdays market teemcd with anon
allies. While Steel common was liding
down from my to loSa. the average
price Of eight leading steel products
touched s63 a ton for the first time In
the history OF the steel trade. The cop
per stocks also lost . points or more. al
though IL Vas we'll known that 1917
copper metal could not he contracted Cor
under 20 cents a pound. and that spot in
small quantities was scarce at Is cents.
Setting aside the presence. OF Wilson
money IN roohly quantities as not i'm
portant enough n consideration to pro-
du," so contradictory a market. traders
began talking about German U-boats
once more. THIS last explanation In
turn was shot away just before the close
when marine underwriters announced
rates down 20 per cent. from Wednes-
daS. Many traders then went home in
DESPAIR.
The sun., 1916-10-14
Eenrs About the l.nOata.

The member Of m important banking
house in discussing the general situa-
tion gave 1t as his opinion that condi-
: uns from now on are bound tn bee ful. Of
uncertainty TO a greater degree than has
been known perhaps Ut any time during
tho war, 81 don't expect he said, "to
see the present nervous state Of the mar
ket changed to composure for a long
time. probably not until peace comes
into sight. As matters now stand. there
is absolutely NJ telling on how extensive
- scale Germany is going To wage "A T.
boat campaign against commercial ship
pm in waters close to our shores. She
may u probably Will see hat her CAP
,ains keep within the letter Of the law,
but the very proximity If the operations
will heighten the effect on "A market
tina already has u bad case Of nerves "
The sun., 1916-10-14

Prices OF the eight leading steel prod
ucts have reached the highest average in
the history Of the steel trade. the pres
ont average being estimated AT $63.i2 a
ton OF "2io pounds. a gain ~ 90 cents a
pound from the average OF last week at
1886. The gain in this average was
due to Increases In the quotations for
bcsscmcr iron from S23i5 "A ton to
s23.sj. The general average Of steel
prices this year to date IL figured at
s56.16 a gross ton. the highest previous
average havng been si0.63 in 1907.
The heavy buying OF steel products con-
tiuues both from Europe and from the
railroad and other sources in this coun-
try. notably the automobile manufacture
ers. and the demand IL extensively in
excess OF the supply. according TO trade
statistics. All this despite the fact that
quotations from practically all steel
products are about double what they
Wer. "A year ago,
The sun., 1916-10-14
FINANCIAL NEWS
AND COMMENT
Professionals Start Market Up,
Then Send It Down, on
Political RumOrs.
STEELS CHIEF LOSERS
Weak Holders, Who Are Be-
ing Driven Out, Liquidate
on Declines.
STEELS CHIEF LOSERS

Professional stock market traders were
decidedly mixed in their sentiment yes
terday. and as there were no operations
Of an aggressive character for public &C.
count they were able to inject their ideas
INTO the movement OF values along lines
which presented little resistance. In the
early part Of the session they found II
easy to carry prices to- higher levels un-
til the advance attracted stable realiz-
ing from various quarters. while In the
afternoon they experienced no difficulty
in driving the whole list down to the ac-
compartment OF the report that certain
substantial interests were selling because
they believed President Wilson would be
reelected.
In the morning traders gave as a rea.
son for the advance the excellent pros
pccts for the election Of Mr.. Hughes and
the absence OF unfavorablc Developments
over the holiday In the submarine situa.
ton. So far as could he learned one biz
operator became an active seller on hi;
personal opinion that the present Admin
istration would he retained In Washing
ton. the rest of the selling being based
upon the understanding this operator
might nave received some information
that had convinced him OF Republican
defeat in Novemher
STOCK marke, traders arc easily rnlled
Retiring odds In wall stree, do M, he 3
b,p na rein favor president wilson. ant
I'm hanki,y houses ,bers annenrs Ia n,
IN. u,uost consdo,ce n. vii lose Th,
.Ijybtest s,yycs,Ion bou,eyer ,ha, &, 4
TO he a Wilson victory sends a shiveI
down the Wall street spine. and the fac
In R.nuh,icar caic,,s,,ors hr,nys %noIi,ic
NO.. IN ,ha ,or. 40 a s,ocS mar,o, Zoo
,nr ,.b,ch In IN. No., ,au u.ars donh,
ios. vii y. ,rt.,aa 20 sor,o ,h
.x,o.,oias ~ nro,.ss,or., snocv,a,,o,
Thsra n,s No. graa, ar,o,n, -, ,,h,,
,,nras, Tn ,,n go. ., ,bo ,r,n" -,
,ho,rh az ,ha don,inos ,saro 49, ia,
49,. .,,..ta. ~. A.. III.
The sun., 1916-10-14

The wits OF wall street ave taken to
referring to the uudersca boats of Ger
many as the Boo-boats. You only have
to mention "A t-boat when the stock
market gets cold feet" forthwith. de-
clared a bond dealer yesterday, and that
fact holds good for bonds. too. When
stocks are wild. either up or down, i. Is
difficult TO get bonds at all. Holders
won't part with them. Bonds were
strong yesterday, but the strength was
due almost wholly to the lack of supply.
Stocks started out strong. but the COM
hination of Friday the Thirteenth. the
r-53 still at large n big liners break
inc for the other side made timid ones
refuse to enter new commitments. The
timid ones also figured that election is
too near and II would he wise to hold
off
The sun., 1916-10-14
GOSSIP OF WALL STREET.

The bullish epeculator had a nervous
day yesterday, but 1t was n market de-
lighting the heart OF a trader. In the
morning a wide swing upward. a hating
movement at midday. indicating plainly
enough to the professional that buying
power had been exhausted. and then n
professional selling movement to the &C.
compartment OF extensive profit taking
provided all the elements that an In and
out trader needs for u days enjoyment.
The selling in the afternoon was all the
heavier for the fact that in the past week
hundreds OF traders have been impressed
by the idea that carrying thinly mar
gined stocks over night murders sleep.
The sun., 1916-10-14
METAL MARKETS.

There was no new feature. to the copper
market ycs,erday. business being IN mod
ero," volume nj unchanged quotations
whlle there were some evidences Of increas'
ING foreign interest III the market. IL un'
likely that inquiries for nearby delivery
can he SATISFIED. Domestic wire and brass
mauuiacr urrrs are the largest takers OF cop
per. Quotations were steady AT SAg cents
for December. - cents for January anu ia
to 80. cents for second quarter delivery
Exports OF copper for the week ended De-
tob,r l. were 5,:-3 tons. against 5,?'b IN the
corresponding week last year.
Lad was slightly firmer IN tone Domestic
buy NIX was light. and foreign demand ne.
nrlble.
The sun., 1916-10-14
LONDON MARKET.

LONDON. oct. I3.-To-morrow's holiday
and the superior attraction Of the EN-
rhrqu"r bonds restricted business In the
stock Exchange to-day. although the war
loan continued to be freely require husrd nv
recent sellers, tonsols and brazilian Issue,
were easy and neglected. Rubber shares
sagsed, especially Javas, on rumprs that
the Dutch Government would Impose an
excess proHt tax on companies In Holland
and the colonies. Several Kanir and colo
Mai stocks advanced. American securities
barely moved. Money in strong demand
and discount rates steady. consols for
money closed at 5Is new 4La per cent.
war loan at 1is. Money, Al per cent.
Discount rates, short and three month
hills, -. maAs per cent. Gold premiums al
Lisbon, U2 90.
The sun., 1916-10-14

The volume Of cuisines irhr-'.'. ~ -
through New York on W''''. H
Gated lev tho fat that bark ola.
yesterday hy tho Ndr York '.''T =
to'alled S5lN.7lp2N5 Thcsr tt.N H-
FiEuInCan,o un'e,s compare wa ." .I
average IN tho cOrrHSppnd -
former years. Nov YORK. tho rH'
ire. reflects NOR Or l.s- accurately Dc
and financial coud tons thrpU-H..' ..'
IVY. Tho comparisons NIL 60 Co.," .
more valuable when rnus.l'..'
ton with tho sunmI Of rt.rnI. r' g
lublls shed under Railroad New.
The sun., 1916-10-14
wednes,

Brazil had a holiday Yesterday, hut wclnos.
days market showed II decline of - rris in
RI" spots, with Is quoted ~ 6s6O0 oSrhanc.
l 3el, lower al IL a-3ed, receipts li.Gn bags,
stock 4d0, Asi. santos unchanged at 6s4no for
* futures 81 10 ~ r'is lower receipts a.. NN,.
stock ., 81, 01o, Receipts at ports. 81, 600, against
1u.Wr u year ago and Ji,sD two years ago Sac
raulo. $4,000, against ~. and 4aWn.
Jundialy, 4l,0|o. against 1900 and $1,000
tl"arHnCrs from Rio "Wednesday, 81 Loo bags
for United States and from Santos ! 900 bags.
The sun., 1916-10-14
LONDON PRICES.
MARKET.

The coffee market was under pressure through.
ont yesterdays session. After nprninr 4 IN :.
points below Wednesday, final values coutiru,d
70 cas-, ana at the close showed net losses III
II 10 IS points. Sales, 1850 bags. Cost and
well described Santos Is quoted al los. Ia
10 81. while fair To- good ~roasters were here Ms
low as 10 to III, IL, al, London credits. This
years crop In BrazA Is small. Incnl spnt
market inactive quotations practically mont
nal on basis OF sAsc, for Rio rs and liSc. for
Santos Is.
Range of prices. w.1pas
The sun., 1916-10-14
GENERAL FUND.
Days Customs Receipts s0s4.7Ib.

Receipts for duties at the Custom
House yesterday were S6s4,7l5.55, Of
which slIO,TG2 % was for me 'chardi 40
Withdrawn iro.n bonded warehouses and
$cl3.953.3? tor recent .mp or;Rticns.
The sun., 1916-10-14

LIVERPOOL. Oct. 1a-weekiy cotton
statistics; Imports. ~. 600 bales: Ameri-
can, on 600; stock. 550. 900; American. 40.
900; forwarded. $4,000: American. ~. 900:
-Aports. $500; total sales. $1,000: Amer
lean. 80. 900.
The sun., 1916-10-14
SILVER I'kI, -

Avcraec price Of s'lV"r I0 y.
October, lHIj, was ~ >igr lu
1874. 30 djc, October. 'r
1917, G,tIc.; October .N., Q, 3tG
The sun., 1916-10-14
.... sis.l5i,G09

Customs receipts. 500. sis: internal revenue.
ordinary. Sl.23a. l3S: income tax, s56,bso: mis-
cellaucous. ti9 l3i; national bank notes re-
cciypd for redemption. $~i,3ij,0il,
statement OF United States Treasurer for
n,,,lor 20
The sun., 1916-10-14
DAILY TREASURY STATEMENT.

WASHINGTON. Oct. l3--Thc statement of
the receipts and disbursements OF the Treas
ury shows:
The sun., 1916-10-14

tpa- 81 's''
Bisbee daily review., 1916-02-27
GRoUNDLESS FEARS.

The minimum wage law into effect ir Massachu setts the first of the year. The minimum commis sion the has just made report stating that the
 wages of 1882 have been raised 50 cents to $45O per by the operation of the law These gre women employed in stores the number does not include workers in factories mills other places than re tail mercantile establishments.
 The interesting thing about report is that although 1882 have received substantial wage increases, only thirty fewer employed in the estab
 shments investigated than so employed two ago.
 Wherever the minimum has been discussed as 8 possibility cry has arisen that it will throw out of ployment thousands of unsked haf-skied work who not able to command wages high as the minimum This first appeared to be the result in Mas sachusetts the report of the State Commissioner upon months work has wholly disproved the
 fer
 Oregon has not yet appeared to suffer seriously from the vast hordes of unemployed, unskilled
Bisbee daily review., 1916-02-27
FURRY IN PEKING

PEKING, Jan. 15. Correspondence of The Associated Press ments from Shanghai that Lieutenant General Aoki is to be stationed at the Japanese consulate at that point as a sort of military attache has created furry in Peking The assignment of military officer of General Aoki's rank and wide experience to the Shang hai consulate is interpreted by the Chinese press 10 mean trouble for the Chinese government and the laying of broad plans for some sort of military movement on the part of Japan.
 Prom what is known of General Aoki's predilection his presence in Shanghai gives fair grounds for mis- giving on the part of those whose in- terests lie in the preservation of peace and order in China. The General is reported to have been very deeply in- terested in the revolution of 1911 and to have had close associations with the rebels who rose against the gov ernment in 1913 'lt is notorious that Shanghai is the headquarters of the despeTadoes who wish to create con dition of anarchy in China, and it is equally notorious that what arms they are able 10 secure are sent by the Chinese refugees in Japan.
Bisbee daily review., 1916-02-27
SAWDUST

Few persons have given much thought to the dust problem. And yet
 Experts of the New York State College fForestry innate that Il per of the lumber cut in the United Gates every year wasted form of sawdust That to say in saving lumber 1O0OOO0OO0 feet of per 'ectly good timber is ground up and left to rot
 Of course it's impossible to logs without mak- ing sawdust But lumber men just beginning to the that there is value in this bproduct nd that neglect utilize it involves tremendous and un- iIstfiable waste.
 little of the sawdust is used in the form of wood four" in making succo moldng etc. There is oppor- uniy the development of big industries along these and similar lines quantities of the wasted sawdus might manufacture of wood alcohol Many Kinds sawdus could be used, too, for paper pulp. All adaptations of this supposedly worthless material not only serve wealth directly, but help to serve our shrinking timber supply.
 Future generations may find sawdust heaps more prof table than gold mines.
Bisbee daily review., 1916-02-27
WHOSE WHITE COAL IS IT?

The power of navigable streams is greater than he sum of power every kind in in the United States.
 According to Clifford Pinchot, the Shields Bill be- Senate would give the power interests the of this power without any compensation. Bills imilar this vetoed by Roosevelt and Taft Why -hould they pass today?
 This is partisan matter. It has nothing to do with ones political preferences. the advocates of peace price admit that the kind of preparedness resented by conservation of national is wise franklin Lane and Clifford Pinchot are both opposed to he passage of this bi Says Mir. Pinchot:
 "The water power charge that Conservation ham development The admirable recent report of Sec etary Houston shows, the contrary, that the most apid development is in the National Forests. here srvation is best enforced the other hand, 12O pub c service corporations own are holding undevelop d and of power equal to four
 h of all there is developed and in by all the public ervice corporations in the whole United States"
 Whose water power is this of the navgable streams, nyhow? Or the National Forests which the Ferris bill ould also give the hands of power interests?
 Is it white coal? And chidrens? Or is it the 1elusive property of a few grabbers?
 If the ordinary citizen doesn't watch out-and watch is senator-its easy to whose property it's go ag to be!
Bisbee daily review., 1916-02-27
WHAT SAFETY FIRST MEANS.

It means that fatalities in industrial life shall only be one where formerly there ten. That making of widows and orphans, crppes and helpless suffering wrecks of what men, shall reduced to the minimum That the suffering and hardship imposed upon the worker and his family by his accidental injury shall be lessened That his loss and wages of health and strength, be brought lowest possi bic amount
 It means that with fewer accidents the employer shall have corps of steady efficient workmen That the work men shall have fuller pay his life shall be free from that haunting vision his injury through ciden That his wife and little may be happier in in following his vocation. That the commuuitv will he benefited by having its citizens steadily employed
 It means decided reduction the large sums spent annually upon hospitals, surgeons. nurses and first aid corps upon damage suits and compensation payments That the trips of the ambulance wagon 8u be few and far between; this saving in money shall redqund to the general good
 It means to both employer and employee a wonderful thing in that brings assurance comfort money and health. The employer has less worry and larger bank account the employee assured of living to enjoy the fruits of his labor
 t means that mothers shall have the comfort due them n their That wives shall unnecessarily become untimely widows That children shah have fathers to provide for them when they care and protec ton most-when they are young It also means that cripples and helpless shall not be considered by product of the industry
 Those interested in the promotion of Safety First
Bisbee daily review., 1916-02-27
NATION OR JEllYFISh.

If Franklin H, Giddings were ordinary mortal, no body would pay much attention his opinion about the var and relation it. But nasmuch as he's profes sor of the history of civilization Columbia University he biggest university in the world, his words command certain respect.
 "As to the United States" he says i've have come to lrning point in our history. We deciding now whether shall be positive nation exercising infu- power the affairs of the world with ideals md principals stand for-and prepared to fight for them if necessafy-or whether shall be- not nation but mere aggregation of nationaities, amorphous thing live like colony of jeyfsh soaking up sustenance and open attack by anybody who thinks that our prosperity would be good to tap"
 We'll when the professor puts it like that, we feel rather disposed crawl of isolation and play our part world affairs whatever that part may be We certainly don't want to loose aggregation of natonal ties" instead of a single, strong coherent nation And certainly don't want to adopt the jeyfshor "a colo ny of ellyfshas national symbol instead of the eagle.
Bisbee daily review., 1916-02-27
Sunday Morning, February 27, 1916.
coMPLImsNTINe BIG BUSINESS.

'he glory of this country has been in the energy, the foresight business management The glory of the country has not been in the government management of any business"
 So spoke Ex-president Taft in addressing group of railroad men the other evening His words serve the change that has about in the last or two in the American attitude toward big business There was period extending nearly a decade, when business the defensive. The bigger they were the greater appeared to be inqry, in the opinion not only of professions muck rakers" but of large part of the public Leaders of great enterprises feared as strong ruthless enc mics of the community Bankers and railroad magnates and manufacturers and merchants who had formerly f themselves honored by their achievements oceanic scous of atmosphere public dstrust and condemna tion. 4e
 Now that of criticism to have passed Near ly everybody batting the big business the back again, and telling him what fine fellow he is. The captain of industry is in the ascendancy again The reormers themselves are the defensive Reformer" strangely enough. is often used now as term of re- proach
 In general, the tendency doubtless wholesome. Bus in general deserved all the opprobium heaped them because of the misdeeds of prncpled representatives And there palation for rebang cut-throat competition political corruption in the lax of public sentiment such perncious practices became prevalent Big bus has had its lesson has paid the penalty, and with few exceptions has changed it's methods outlook to harmonize with the moral standards
 There is danger now however, of overriding the new cordaity toward business of the Prodigal type would be unfortunate if big business representatives should take renewed appreciation their services relax their and return to the selfish and unfair practices of old.
 And in one respect MT Tafts utterances is likely to give wrong impression It is true that business stituons have been efficient than government but in the history of the United the gov enment been guilty apses that characteriz ed many of big corporations era free bu5 ness management Our National government with all it's mistakes, has honesty notably as our busi ness has stood for efficiency.