davidaulloa/AmericanStories huggingface dataset:
The record. [volume] (St. Maries, Idaho) 1913-1918, 1917-12-25
NOTICE ron PUBLICATION

Department of the Interior, U.
S. Land ONCE at Occur d'Alene,
Idaho, December 8, 1917.
Notice is hereby given that Ed
ma r. Cuddy Ahlin, formerly Edna
r.. Cuddy of Sebesta, Idaho, who,
ON June II, 1913, made Home
The record. [volume] (St. Maries, Idaho) 1913-1918, 1917-12-25

their community radius. There
should be no Sinking when the
call comes. The state council of
defense does not believe there
will be.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
New York Central Sells
Issue of Year Notes

Announcement was made yesterday
Of the sale by the New York Central
Railroad Company Of S10,000,000 one
year notes TO J. p. Morgan & Co., which
are being offered privately for subscrip-
tion by group of Wall Street banking
houses. The notes we're sold in place
of refunding and improvement mort
gage bonds which the company had IN
tended TO issue. The notes bear AZ
per cent interest and are being offered
to yield 4.75 per cent II had been
understood in financial circles that the
New York Central would come into the
market for fresh funds because OF the
failure of its plan to sell S25,OOO,OOO OF
new stock to stockholders of the COM
pany at par. When that operation was
undertaken New York Central stock
was selling in the market at around
1O9. but when the shares dropped be-
low par on the break which followed
the German announcement of ruthless
submarine warfare the plan was aban-
doned.
The New York Central is the third
important railroad which has been com
pellcd TO resort to short term financing
after other plans had been laid The
ether two roads were the Eric and the
Southern Railroad, both of which had
to resort to note issues after arranging
to sell bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Nevada Cons. Copper
Earns $3.50 a Share
Company Last Year Produced
10000, 900 Pounds Of Metal
at Cost Of 1917 Cents

The Nevada Consolidated Copper
Comnanv. in a statement issued yester-
day. covering operations in 1916, the
most successful year in its history, TO-
norts a balance available for dividends
Of $4,000 $50, compared with s5,55o'llo
in 1915, and $1,47O,373 in 1914. This
was the equivalent Of $3.50 a share on
I. 9o9457 shares Of capital stock out
standing, against S2.7S in 1915. Gross
revenues of the company last year were
s24. 366.29l, compared with sl1,6S5,2'o
in 1915. and s7.O52, 400 in 1914. After
dividends of s7,497 1868, three times the
amount paid in 1915, surplus OF ST.
5O4 Os7 remained. compared with 81
55s.93O the year before. The balance
sheet showed at the end OF the year
cash Of s2,466 ,430, compared with S34l,
100 in 1915, and s97,569 in 1914. The
prosperous position of the company is
due TO the abnormal demand for
copper metal.
Earnings last year we're computed
on a basis of 25.s3 cents a pound for
the copper produced. against 1854
cents n pound in 1915. Although pro
duction in 1916 was larger than the
preceding year, amounting to 9O,'oo'-
287 pounds Of refined copper, compared
with 62.726,65l pounds in 1915, an in
crease approximately of 44h per cent
onerating costs were higher, because OF
increased cost of labor and supplies.
The net cost of producing the rehned
metal, including plant and equipment
dcpreciation and all charges, was lO.li
cents a pound. against 8.23 cents IN
1918 Excluding the item Of depreca-
ton, the cost was S.l3 cents pound
Managing Director Jackling esti-
mates the recoverable ore remaining In
the property at the end of last year
amounted to 67,993,117 tons of 1853 per
cent copper bearing ore. Ore developed
last wear totaIled 14,475,5l9 tons.
"The large increase of tonnage de
vcloped and reported" says Director
lacking. taken together with further
increases that are assured for the com
ing wear, add vastly to the calculated
life Of the industry and the ultimate
production of copper assured. The
outlook. therefore, for the coming year
Is even more promising than the re-
suits of the last year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Canadian Pacific Loan
Indefinitely Postponed

Lord Shaughnessy, president OF the
Canadian Pacific, issued the following
statement in connection with the post
poncment of the company's proposed
bond issue:
"The proposed issue OF collateral
trust bonds by the Canadian Pacific
Railway was entirely at the instance
and for the benefit Of the British Treas
ury. The company would reap no bene-
1T whatever. but felt it duty to give
such financial cooperation as was pos
sible in present circumstances. Had
the issue been made, the company's loan
Of credit and cash to the exchequer Of
the empire would nave appropriated
$3.50. 000, 900 The transaction has been
postponed indefinitely, because now
conditions resulting from the entrance
of the United States into the war have
made other financial plans more de-
sirAble"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Railroads Place Orders
For Rails Far Ahead

Railroads in this country. according
to THE Iron Trade Review" have COM
menced negotiations for their rail re-
auirements to be delivered as far ahead
as 1919, and the business involved
amounts TO several hundred thousand
tons. The Northern Pacific Railroad
has closed an order for 10000 tons of
rails for delivery over the last quarter
of 1918.
The French government has closed
orders for two lots Of 10000 tons of
rails each, and the Italian government
has bought 10000 tons of rails. Add
tional large foreign railroad require
ments are under negotiation
The pig iron market continues 20
move rapidly. and large tonnages of
basic. Bcssemer and foundry iron have
been closed both for this year and for
the first half Of next year at advancing
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Steel Trade Is
Rushing Work
For Government
One Order Filled in Forty
eight Hours After 1t
Was Received
Pittsburgh, April IS.

HtttsOtrgR, Apft TO-
In the steel industry at least no
prcrarst;ons arc required to facilitate
the efforts Of the government to get on
a war basis. Within itself 1t is com
plctely prepared for any demands
which may be made upon it. In two
rcspects. however, its efficiency can be
greatly enhanced. The first is in re-
spcct to an adequate supply Of fuel
and the second is in better transporta-
ton facilities. The latter may easily
be supplied by tho new railroad board
appointed at the suggestion Of the Ma
tional Council Of Defence to control
transportation, but existing railroad
facilities are wholly inadequate 10
handle the needs of the government,
which have preference, and the needs
Of the general public. As for improv-
ing the supply of coal and coke, that
also is probable as far as government
work goes. Last week there was evi-
dence that the railroads were alternat-
ing their available supplies Of rolling
stock between the valley mills and the
mills OF the Pittsburgh district proper,
not having enough TO satisfy the de-
mands Of both
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Authorizes ST., 900, 900
Purchase of War Bonds
National Surety Co. Empowers
Finance Committee to Act

Directors Of the National Surety
Company passed resolutions yesterday
authorizing the finance committee to
subscribe for tho new government war
loan bonds for any amount up to ST.
100000.
Other large institutions are expected
to take similar action within the next
few days. including some of the great
industrial CORPORATIONS which have sur
plus funds on hand in large amounts.
Meantime orders from individuals
who want to subscribe for the new
bonds on an when. as and if' basis
are piling up in the hands of bankers
and investment brokers. These inquiries
are for amounts ranging all the way
from 500 up TO the tens Of thousands
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Rio Unto Profits Show
70 Per Cent Increase
Worlds Oldest Copper Mines
Jnexbaustible Source Of Wealth

The Rio Tinto Company, Ltd, operat-
ING the famous Rio Tinto properties IN
Spain, the oldest copper mines IN the
world. whose history dates back to the
eleventh century before Christ when
the Phnnicians traded in copper de-
rived from its ores, reports protts
from its 1916 operations of slO,99O'a90'
an increase of 70 per cent over 1919.
The company realized an average price
of 500 ton for its copper, compared
with s72 in 1918. during ine yea5
from 81 per cent to 95 per cent, which,
with one exception, is the highest rate
Maid since the capital stock was sub
divided in 1897, ito per cent having
been distributed in 1906: In 1914 the
company's profits dropped from $685.
asa to S4.6l6,260
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Dollar in Foreign Exchange

Exchange rates on Russia and Italy
were slightly lower yesterday in a dull
market. Sterling and franc bills were
scarcely changed during the entire
days trading.
Closing rates yesterday. compared
with a week ago. are given in the table
below. American bankers have sus-
pended all dealings in German and
Austrian exchange, so that daily quo
tations for either marks or kronen arc
no longer available.
Week
Yesterday ago,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
u. S. Treasury Finances

Washington, April 1S.-Condition of
the United States Treasury: Net bal
ance in general fund, s7s, 1853, 454; total
receipts. s4,4e6,eS8; total payments,
S3,744,057.
The deficit this fiscal year is s176,-
544 1886. against a deficit of s57,069,S82
last wear. exclusive of Panama Canal
and public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19

prices. A further restriction in the
foreign supply OF forro- manganese is
indicated by advices that English max
ors. continue unable 70 secure licenses
for exporting the alloy to this coun-
try.
THE Iron Age" says: Some sub
stitution may yet be made on foreign
contracts for shell steel placed last
year. on two orders. for 10000 tons
and $4,000 tons a month, respectively.
placed in the Central West. it is init
mated that some plates, structural
shapes or bars may be taken. indicating
a beginning OF calculations on the end
ing Of the war
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Telephone:
Hanover 65l4

Entirely aside from considerations
of patriotism, there would at any
time be a vastly broader demand for
3l2 per cent tax exempt govern
ment bond than for any corporate
municipal or state security ever is
sued at even considerably higher
il terest rate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Money and Credit

While the volume Of business is com
paratively small, rates for time money
are firmly maintained, owing to the
limited offerings by the banks. Lead
ing institutions are inclined TO favor
the shorter maturities in granting
credit accommodation. Rates yester-
day were unchanged.
Call money ruled at 2l2 per cent on
the Stock Exchange. with 10" rate
of per cent.
Ruling rates on money yesterday
compared with a year ago, were as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Receiver Makes
Report on Needs
OF NJ, K. & I.
Estimates Differ from That
Made by John w.
Kendrick

c. +. Schaf. receiver of the Missouri,
Kansas e. Texas Railway. in a letter
to Hallgartcn & Co. and j. W.
Seligman & Co., reorganization mana
gers. sets forth conclusions regarding
the funds needed for the rehabilitation
Of the property, savings TO be effect
ed in operations and probable future
earnings which differ widely from
those of John W. Kendrick, who re-
Gently submitted an Independent re-
port on the property TO New York bank
ers.
On the question of carly capital ex-
penditure the Kendrick report said
that probably not more than 10000
600 could be advantagcously expended
during the next two years. Mr. Schaf
says:
I'm my original budget suggested
an expenditure of $34, 900, 900 in four
years. which was later revised to $780,
100000 in two years. This latter figure
| believe is absolutely necessary in
order TO meet the immediate needs
of the road, and should be apportioned
as follows: Eight million to road and
shop facilities and ss,OOOOOO for equip
ment such as refrigerator cars, oil
tanks, coal cars and box cars.
Charges for Betterments
For the purpose Of determining
what the capital expenditures SHOULD
be for the next two years, Mr.. Ken
drick notes that the average charge
to additions and betterments and
equipment for the five years from
1912 to 1916 were s2,233,111 per an
mum. These figures are derived from
net amounts after crediting substan-
tial amounts from abandoned property,
retired equipment, etc. The actual
figures were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Higher Costs a Factor

Discussing the recommendations OF
Mr.. Kendrick as to operating econo-
mics. Mr.. Schaff points out that while
many specific savings can be made
these are practically sure to be Offset
in large measure by higher wages and
material costs. Mr.. Hendricks estimate
of Sl,42O,O00 saving in operating eH-
penses to be made in 1870 he REDUCES
TO s340,697.
On the matter of earnings, Mr. Schaf
thinks that gross earnings OIL tne prop
erty by 1920. instead of being s39' 4oo;,
600, as estimated by Mr.. kendrlcS' VIII
not exceed S37 ,700,0 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19

sterling for S4.75a4, the intrinsic par
ity is S4.S6ts per pound. Thus, YOU
say either that pounds are at dis
count or that dollars are at 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 10
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19

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, 1917-04-19
Information Withheld.


The local mills have already made
deliveries on account OF government
orders. bat the amount, price ana
character of the business have been
suppressed by mutual consent of the
manufacturers and trade reporters
this policy being, it is supposed at the
suggestion Of the government. Various
estimates have been made as TO the
amount Of government orders, the fg-
ur,s running as high as 100000 tons,
but the popular estimate being half
that amount. This is pure gucsswork'
and as far as the Steel Corporation IS
concerned, local officials appear 10 he
without definite information. The or
dcrs all come from New York head
quarters Local officials. however, have
taken some credit TO themselves for the
manner in which they have handled
some Of the orders received. Thus 1t
is reported that telephone order from
New York was received in Pittsburgh
since the declaration Of war 70 this
effect: "Stop everything and start
work on so-and-so Specifying the or
DER; government business. Start de-
livery in twenty-four hours; complete
delivery in forty-eight hours" And
the man who related the story proudly
said: ave were on time TO the dot!
Aside from shipbuilding materials. 1t
is not expected that on a tonnage basis
the requirements Of the government
will cut much of figure for the en-
suing few months at least. There is
one contingency likely to arise, how
ever. which may largely increase the
hurry-up steel products called for. If
the government virtually assumes con-
troll of the operation Of the railroads
during the period OF the war and If, as
a Guasi-war measure, il is deemed i'm
perative that railroad facilities be
speedily improved, it is wholly probable
that the gqyernment will place or
ders for plates for car building
and structural material for i'm
proving terminals. in order that
the needed equipment be promptly
supplied In that event the needs Of
the railroads would become government
needs and take precedence over all
other business on the books Of the
manufacturers, including export orders.
Orders Piling Up
As yet there is no positive evidence
that the needs of the government, mill
tary, naval and collateral, are so great
as to have a discouraging effect upon
the placing of new business for private
enterprise. On the contrary, orders
have been placed DUNG the last few
days for delivery during the third quar-
ter of next year. Building and other
contractors, however, contend that cur
rent abnormally high prices have al
ready had an effect upon prospective
plans. They feel. however, that until
some fairly reliable estimate can be
made as TO the duration of the war, 1t
will be impossible seriously to consider
plans that contemplate long distance de-
livery. If the war should last long, and
if the needs of the government should
surpass all expectations, thus throwing
into chaos delivery on account Of pri-
waite contracts placed before the gov
eminent entered the field, it is alto
gether possible that there will be can
cellations of business now on the books,
delivery of which cannot be indicated
with any degree of defniteness.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19

"The average actual expenditure
therefore. was s3,O19,OO5 per annum,
instead of s2,233,111, for which money
had to be provided"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Yesterday. Year ago
Commercial Paper.-There is some

Commercial Paper.-There is some
what better demand, and trading shows
improvement. The ruling rate IS
around Az per cent for the best six
months maturities.
Official rates Of discount Of each Of
the twelve Federal districts are as iol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19

Silver Bars in London, 1864 Pence;
New York, "a cents Mexican dollars
h6Is cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19
Fractional Lot Service

Orders executed in any amour, Of Stocks
end Bonds for cash.
We carry 10. 20 or 50 share lots Of sea
soned. safe stocks. deal, in on any Of the
Exchanges. on margin.
On the Consolidated Exchange all our
orders. reports and quotations are transmitted
by signal. aaordins instantaneous service.
Certified accountants sta,emen, OF audit,
Of our book, published quarterly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19

closed 81. points lower at lo.s,
selling down 20 1919. The s"e e.ty
as high as l46s in January 81
days low quotation was n. n
lent Of 5CSis on the old "a ~
share Of the old stock ns''I -
snlit into five shares Of the :
outstanding issue in the cay p
adjustment plan Of las; y'' ~ y
argument on which traders 80
motor issues was that the COVER -,
war taxation programme WV VIZ, =
neorle 70 economic and therefor :
TO reduce the demand for PEE, PEE. =
tomobiles. which will IN ss .s.n
the earnings of the manuia''
Aetna Explosives Comps;s, =
nouncement Of the organls',s.,s y,
new protective committee 70 ~ ~ =
tbe interests OF the genera 90
81 cse tho ne comnany was made -.
following the application 10 !. orc,s
ment of a receiver ior va, ,;,sS
There has already been .,o<k 4
mittees representing the ~
bondholders Of the eompanS u
general creditors eomml''sS' Bs,s
un as follows: Mortimer y Nss Y
c cp president Of ne cosss
Trust Company: ". Ps's T,as. ~
yice-nresident. Guaranty S;s,-yr
pany; Charles b. Wigslnii ss,s
dent. Merchants Nations nsi.,sps -
BOSTON; W. F. Hoffman assam .,osrJ;
urer. bethlehem Steel Coarr A's
burne c. Prescott. ,ress,stior. >
American Cotton Corp sss Cns'
Charles +. Sholes OF
Chemical Company.
American Power & Light. -,aaSsi 2
r, NDs', Tenort for the year ti.css, Z
ccmber 81 showed a siS'is ss.sse
81 9S6.757. a decrease o. Ne. -
the previous year. iO s.ss,owsd .
b cV of $746,6Sl sn0, n.yrs
c eO%sc't Of sio7,isi: Afts .s 49,
preferred dividends tn.' cent =
Mus equal to $40 per si.s ~
Common stock. compared
cent earned in 1915. &
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19

Sub Treasury. - New York banks
lost TO Sub Treasury. f512,41S.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-19

The above rates express the cost OF
foreign money in terms of the Ameri-
can dollar. You buy an English pound
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1917-05-18

John Minis made a business
trip to Roswell Wednesday.
Mr.. and Mrs. p. T. Bell enter
tanned a few young people at
their home Tuesday night.
Joe Cooper was in Roswell
Wednesday and purchased a
brand new ''hivver."
Messrs. Chas. and Nat Mar
shall were Roswell visitors We'd
nesddy.
Chas. Marsh hall, Of San Fran
cisco, Cal, is the guest of his
brother, Nat Marshall, this
week.
w. A. Sturman who has been
teaching in Texas the past sea-
son, came in Wednesday and
went out to his claim north
west Of here where he will now
establish his residence Mr.
Sturman thinks he will now
join the army.
We understand the following
boys of this community have
rendered their services to Uncle
Sam. Jack Cathey, Herohal
Rickard, Ernest Smith, Dave
Manages. There are others here
who have declared their inten-
tons" but have not as yet Of
fered their services,
w. J. Francis, of Shamrock.
Texas, was here last week and
closed the deal with w. II.
Cooper wherein he took over
about 2200 acres of land and 100
head of cattle or more. Over
16O0 acres of the land was deed.
cd and brought Sc so per. acre
one school section at 5000, The
ttle at $40 per head.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1917-05-18
Married.

Mr., and MIS-. S. e. Richard
were united in the Holy bond of
wedIock Wednesday of last
week, at 4 p. NJ at the home
of the brides mother, Mrs. NJ.
E. Lemons, Of Big Valley,
Rev. Jas. Lee Wilson officiating
Mr.. Rickard is very promi-
nent farmer and stock raiser,
of Chavis county. and Mrs.
Richard who was formerly
Miss Iva Lemmons, lived in
Roosevelt county, Just across
the county line from Mr.. Rick
ards farm and ranch. They
have known each other for a
long time. Therefore, we pre-
dict for them a smooth and
peaceful voyage, as well as a
prosperous journey. After the
ceremony was pronounced that
made them man and wife, the
multitude of witnesses marched
to the home of the groom, and
parlool of an excellent and
bolntlful dinner that awaited
the hungry and anXi 'us crowd.
After all had dined sumptuous-
! Iy, they left for their respective
home of abode, feeling that il
was good to have been there.
James Lee. Wilson.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1917-05-18
NOTICE

On Jure LIST we will make change in business, and
take this method notifying customers who have accounts
with make arrangements 10 SETTLE as we wait need oulN
money in this change.
We are sure the change will be for the benefit of all as the
firm will then be more ablAto take Of customers and
give you better value for your money
The premiums we are giving will be discontinued
June ls and all cards punched will be taken at cent
fer each dollars worth When the premium pictures give out
W will give granate and qpeensware.
We will continue punch cards until June st, and prem
ums must be drawn by then.
Come lay in your supplies and your premium
w. B. Jones & 90.
The Kenna record. (Kenna, Roosevelt County, N.M.) 190?-1924, 1917-05-18
VALLEY VIEW

Mrs. Dewease and Mrs. Fran
els of Prices Chapel, spent a
pleasant afternoon with Mrs.
Stobb Monday.
The farmers are quite busy
blowing and planting their
crops since the recent rains.
Billie Brink returned from
Oklahoma, Sunday
Ethel Cryer, little son of Mr..
and Mrs Will H. Cryer is very
ill and was taken to Roswell
Monday afterlo DON for treat
ment.
Mr.. Ed Rickard and Miss Iva
Lemons were united in MARI
age last week. Their Valley
View friends join in wishing
hem a long and happy life.
On account of the serious ill.,
ness of Ethel Cryer, the last day
Of school program will not lie
rendered.
Misses Ella and Cornelia StobI
spent a pleasant day with Mrs.
M. q. Freeman, Sunday.