davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Plan
Of Equitable Life
Upheld by Court
Judge Hough Refuses Van
Horne Heirs Injunction
Restraining Scheme

Judge Charles M. Hough. In the Fed
eral Court, yesterday denied the recent
application for q temporary injunction
made by the executors Of the estate OF
Sir William C. Van Horne to restrain
the proposed naturalization plan OF the
Equitable Life Assurance Society, which
had been approved by a majority Of the
company's directors and stockholders.
The naturalization plan calls for the
turning over by +. c. du Pont Of his
controlling interest of 565 shares, for
s2,799,900 "and other valuable consid-
erations." 1t is charged by the Van
Horne heirs that Mr. du Pont was
actuated by selfish interest, and that
to use funds Of the society. IN which
all stockholders have an equal interest
for the benefit of one is illegal.
Relative to the contention that the
price paid for the du Point shares was
unreasonably high. Judge Hough said:
upon a final hearing it may we'll ap-
pear there are no sufficient reasons for
placing so high value on sol shares
of Equitable Life Assurance Society
stock, but that is a matter of business,
in my judgment, and not of law, ex-
cept as the law seeks to follow good
business methods and good morals.
Since, therefore, il does not follow
necessarily all shareholders who wish
to sell at the same price must all get
this price, this injunction should not
now in my judgm mt be granted.
Expenditure of assets for the pur-
chase of a corporations own shares is
not in my judgment distribution of as
sets. IL may be no more than rea-
sonable measure Of self-protection on
the part of the corporate entity. But
an insurance company is not in large
sense a private business, and its rela-
tions to public interest become more
apparent as the years go on. It may
we'll be in the case Of this insurance
company the purchase Of its own con-
troll for it's policyholders Of the gem
eral assets of the company is meas
ure of not only self-protection, but OF
public protection. The present stay IS
therefore dissolved and the application
denied"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Dividends

Anaconda Copper Mining.-Quartery diyi-
dend OF 81 share. payable November 20 TO
stockholders of record OCTOBER 20.
Westinghouse Air Brake.-Regular quarter.
~ dividend of S1.15 4 share. payable October
20 to stockholders Of record October 3.
Lawyers Mortgare.-Q Quarterly dividend Of
per cent, payable October |. to stockholders
Of record September ~.
Chicago Pneumatic TooI.--Regular quarter
~ diVidend OF per cent payable October 20
10 stockholders OF record October Is.
National Casket.- Regular quarterly divi.
dend Of Ia per cent, payable September 20
TO stockholders Of record September 20.
New Idria Quicksilver Mining Regular
dividend of 80 cents, payable October / to
stockholders of record September 20 This
compares with seven previous quarterly divi-
dends Of 81.
Public Service Corporation of Northern
Illinois. Regular quarterly dividends OF y
per cent on the preferred and -. per cent on
the common stock. payable November 1 to
stockholders of record October 10.
Alliance Reslty.-Usual quarterly dividend
of y per cent. payable October 10 TO stock
holders of record October 10.
Hawaiian Sugar.-Extra dividend OF Is
cents share. in addition to he usual month
ly dividend of 30 cents a share, both payable
October 8.
Tecumseh Quarterly dividend of 5
per cent. payable October | to stockholders Of
record September 90.
Hilcrest Galleries. - Regular quarterly
dividend Of "a, per cent on the preferred
stock. payable October Is to stockholders Of
record September -s.s
Southern New England Teiephone.-Ususl
quarterly dividend Of !. pc cent.
Port Arthur shipbuilding Regular quar-
tery dividend of Ia per rent on the pre-
ferred stock, payable October !.
Smart w oods. Regular quarterly dividend
of l3. per cent on ne preferred stock. pay
able October / to stockholders of record Sep
tenber %.
Chase Mills.-Regular quarterly dividend Of
5 per cent, payable October l 20 stockholders
OF record September 20.
United States Observation-Disclosures BIZ
monthly dividend OF | per cent and an extra
dividend of Il of / per cent, both payable
November to stockholders Of record octo-
Der H.
Western Power Corporation.-Qusrterly
dividend Of | per cent on preferred stock.
payable October Is TO stockholders OF record
September 30.
Western Power Of New Jersey. Dividend
Of sl.ls share on the preferred stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Metals

The condition of the copper market
continues unsettled. Producers are I'M
willing TO take outside contracts until
the approximate necessities of the gov
eminent and :he Allies are known.
Sales as result are practically at a
standstill. Dealers. however, are re-
ceiying many inquiries respecting de-
livcries over the next three months
There was a better demand for lead
Yesterday, consumers taking substan-
tial amounts at the prevailing quota
tions. Speltcr continues dull.
Current spot prices for few of the
principal metals and metal products,
compared with those prevailing at the
corresponding time of last year, follow:
Current year
price. ago.
Pig 1890 s2o.75
Copper cleo
trolytic, '.23Ia .27 @-2sIa
Tin, lb...... .617e@623s .38s4@.39
Lead, b.. .o8 o.4o
Spelter,St
Louis. b.. .osls@.osI4 .osl4@.os
Government price.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
German Traders Are
Anxious to Escape
Government Control
Disputes Arise Over lmporta-
ton and Distribution of
Raw Materials

The Association Of German Chambers
Of Commerce has published long res
olution on the much disputed ques-
ton Of the importation and distribu-
ton Of raw materials. II appears, says
1.-THE London Times" that German
traders are all very anxious to es-
cape as soon as possible from govern
ment control, but it is universally rec
ognized, on the other hand, that owing
to the depreciation in the value OF the
mark uncontrolled trading with foreign
countries will be impossible. There
are alsoedisputes between traders who
have concluded bargains for the sup
ply of raw materials from foreign
countries and traders who want all
available supplies to be provided by
the state.
The compromise recommended by the
chambers of commerce may be sum-
married. as follows: The removal Of
restrictions on trade is of the great
est Importance for Germany's inter
national trade. Restrictions upon the
importation Of raw materials should be
confined to measures which are neces-
sary for cconomizing the resources Of
German shipping and German railways,
and for raising the value of the mark.
Where restrictions are necessary they
should be applied to any other goods
rather than to important raw mate
rails. The state should not attempt to
control individual bargains by refus-
ing means Of payment, but should do
everything possible to facilitate pay
ments by means of foreign loans and
credits and foreign money. During the
period after the conclusion Of peace,
during which scarcity OF raw materials
continues, it is necessary "for social
reasons" TO distribute raw materials
as equally as possible, according to
the capacity of particular concerns and
the extent of their activities immedi-
ately before the war. The various in
dustries should establish their own dis
tribution centres, but these centres
should not be given any monopoly Of
freight space and foreign money; they
should "leave the importation of raw
materials as much as possible to free
trading; care must be taken to guard
the respective interests of industry and
trade. It is insisted that the compul-
sorry fusions OF businesses which have
been effected under the auxiliary ser
vice law should be abandoned immedi-
ately after the end Of the war.
The chambers of commerce are hold
ing out against legislation which would
compel employers TO take back former
employees on their return from the war.
They express general approval of the
government proposals for demobliza-
ton. and say that in particular it is
much better to retain men with the
colors for a maximum period OF four
months, or until they have obtained
definite employment than to attempt
any ambitious scheme Of support for
the unemployed
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
TO THE HOLDERS AND OWNERS OF
THE OUTSTANDING FIRST MORT
GAGE COLLATERAL Trust GOLD
BONDS OF THE UNITED WATER

NOTICE is HEREBY GIVEN that. pur-
suant 70 the terms OF the Collateral Trust
Indenture. hereinafter mentioned. the un-
dersigned, The United water and Light
Company. intends 20 and will redeem and
pay on November !. 1917, at 1850. OF their
par value, plus accrued interest all out
standing First Mortgage Collateral Trust
Gold Bonds Of said Company, GATED May
1907, issued under tho trust :ndenture or
even date made by the said Company %
The Farmers Loan and Trust Company, as
Trustee.
70 erec, such redemption. the under
signed will, on November /, 1917, through
its redemption agent, The Farmers Loan
and Trust Company. Trustee. under said
collateral indeuture at the once OF said
Trust Company, at % william street, IA
the CITY OF New York, -. Y, pay TO the
holder or registered owner OF each OF said
bonds upon presentation and surrender 81
such bonds and all unmatured couponsl
the principal thereof. together with tho
interest then accrued and unpaid thereon.
All said bonds will cease to draw interest
on November /, 1917, and the coupons sub
sequently maturing Will Be void.
Dated at the City Of New York, ". Il
September 18th, 1917.
THE UNITED WATER AND LIGHT CON-
PANY. by ROY LOWE, President
B. G. HOVIs, Secretary.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
ReAexes Of War

In view of the continued decline in
the importation OF agricultural ma
chinery since 1911 and the proba BILE
difficulty of obtaining imports this sea-
son. the organization known as the
Agricultural Defence Society has rec
commended TO the Secretary of Agri-
culture of Argentina the establishment
Of shops at Rosario and other points
for the repair of implements and ma
chimes before the harvest Of Deem
Der. II is stated that. a large crop
would tax the harvesting machinery
of Argentina to capacity and that de-
lays and loss of grain will result unless
aid is extended IN some form.
Despite the war, German manufactur-
ers and distributors of tobacco, cigars
and cigarettes have made money. Fig
ures Jus. received from reliable sources
covering the work and output of the
twelve largest wholesalers and manu-
facturers in Germany for the past three
years show, in some ins tances, a doub-
ling OF net profits, Notwithstanding the
increased prices they have been COM
PEELED 10 pay for raw materials, and re-
CARELESS OF Increasing difficulty in get
ting supplies, especially with reference
to impo rtatons from Holland. At the
present time all importations of to-
bacco into Germany are received
through the medium OF the purchasing
agency Of the Tabaksge ellschsft, which
fixes the price TO be paid.
A review of the operations OF the
Department of the Imperial Government
Supplies created in New Zealand shows
that from March, 1915, TO March, 1917,
S75,000,000 was expended in the pur-
chase Of l,3l3,74S quarters of beef,
OPS, 408 carcssses Of mutton and $685.
023 carcasses of lamb.
South African banking returns iudi-
cate remarkable prosperity. The fixed
and floating deposits total 100000 600,
an increase of II per cent on the pre-
war figure and OF IL per cent on that
OF last year.
Mitsui e. Co., Ltd, OF Toxic, ore Of
the most important houses in, Japan in
the export trade, with branches in the
principal cities of China, India, Rus
STA, the United States and Canada, has
recently opened an Office in Buenos
Ayres. "The Review Of the River
Plate" says Of this:
"The constant and increasing interest
displayed BY the Japanese government
in South American trade conditions
and opportunities affords grounds for
the belief that very large interchange
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Elections

jacques s. Cohen. of J. s. Bache &
Co; Henry E. Butler. of Charles D.
Barney & Co, and Sherwood Z. Hall.
of Hornblower, Miller. Garrison e. Pot
ter, have been elected directors of the
Cha lmers Motor Company and the
Chalmers Motor Corporation.
I. coleman du Pont. Leroy w. Bald
win and Frank Hitchcock have been
elected directors of the Otrophon
Steamship Company. a subsidiary Of
the Vulcan Steel Products Company.
Otto Kafka has been elected president
of the company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
News Digest
Foreign
London Awaits New Government

London Awaits New Government Bor-
rowing.-LONDON, Sept. 25.-The
stock market was quiet to-day, as deal
ers in the gilt-edged section are wait
ing for the new form of borrowing by
the government. Low-priced oil shares
were the most active and firm and
shipping stocks were in request on ru-
mors that further control purchases
are pending. Argentine rails had a
better tone, rubber and Marconi is
sues were. strong, while American Sc
curities were hardly mentioned.
Paris Bourse.-PARIS, Sept. 25.-
Trading was quiet on the Bourse to-
day. Three per cent rentes, so francs
80 confines for cash. Exchange on
London, q francs IS confines. Five
per cent loan. SO francs 10 confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26

of imports and exports will take place
IN the near future. In addition 70 the
Osaka Mercantile steamship Company,
already running steamers between
here, Brazil, South Africa, Japan and
China, we understand that the Nippon
Yusen Kaisha have already opened Of
fees at Santos and Rio dc Janeiro, and
are contemplating doing the same in
Buenos Ayres. The 'Kowaohi Maru'
of this line is shortly to arrive at Rio.
BY the French steamer which arrived
this week comes an official OF the De-
partment Of Agriculture and Com.
merce He has been sent By the Jap
aIesc government 10 investigate grain
conditions. with regard TO a possible
trade in wheat between Argentina AMI
Japan"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
ANDREW J. MCCORMACK. Auctionssr.
REGULAR AUCTION SALE.
STOCKS AND BONDS,
By ADRIAN II. MULLER 8 son.
OFFICE. NO. IS WILLIAM ST.

WEDNESDAY. SEPT. 20, lSl1,
at 1890 O'Clock. at the
EXCHANGE SALESROOM,
NOS. - AND Is yEsEY STREET.
For Account ct Executors.
shs. Bankers Loan Investment
Co.
SO, 900 Kings County Electric Light q
Power Co. ist Mtg. sc, Bds, 1887.
$1,000 Kings County Electric Light
Power Co. 6es CONT. BIDS. 1922.
$500 Kings County Electric Light
Power Co. co Convt. BIDS, 1925.
For Account OF Whom u May Concern.
1000 shs. Southern oil & Chemical Co.
100 shs. East Coast Navigation Co,
Inc, prefd.
Ny.
100 shs. Equitable Trust Co.
2shs Farmers Loan & Trust Co.
sh. Guaranty Trust Co.
500 shs. w. Wells & Co, Inc.
20 900 shs. Tommy Burns Gold Mining Co.
25 shs. German American Insurance
$4,000 w,sdikawkas Railway Co. 4Ts Bds..
Loan Of 1900, guar. BY Russian
Govt.
s,4ss shs. Horn Silver Mines Co.
10 shs Bankers Trust Co.
Note OF Sadie Diamond. jeanette Dis-
mond & Abraham Diamond. dated Mar. 81.
1917, for s3.76454, with interest a. per
cent, payable TO the order OF John II.
Armstrong, In or within six months after
It's date, and endorsed BY John r. Arm
strong. together with right, title. and In
terest in Collateral reclted in ao,e, TO wit.
I 900 shares OF common stock OF Universal
Tool Steel Co, Ltd, and trustee agreement
with respect to said stock dated Mar. III,
1917
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Produce Markets-Current

Butter.-Creamery.e extras, per pound.
100 45l4c; extras (92 score). 44Ic;
fists (S3 to 81 score), 43h644Ac: sec.
ohds 83 TO 81 score), 42a 43c; thirds,
4O1zg4l 1sc; creamery, unsalted, higher
tnan extras, 46hd47c; unsalted extras.
40 2 a 46c; frsts, 4ld45c; seconds,
42n@43 &c; state dairy tubs, finest, 49,
q sac; DAIRY, good to prime, Al y a 43c;
common to fair, 39@41c; renovated.
extras, doc; hrsts, lRG421ac; lower
grades, 3sd lie; imitation creamery,
nrsts, 4Ga i0l2c; ladies', current make,
nrsts, 39G3S12c; seconds, SsG3Shc;
lower grades, SO Y @37i2c; packing stock,
current make, No. /, $50 38isc; No. 2,
size; lower grades, 35a37c.
Cheese Receipts. 3,4lS boxes. Stat.
whole milk, fats, fresh. colored. spe,
clals. Id, 26d26l4c; white. specials.
26@26Hc; colored, average run. PSF
Z5Hc; white, average run. 251.M
253.c; prime to choice, 24625c: lower
grades, goa 23l2c; held, specials. 25L
Cq26Hc; twins. fresh, colored. specials.
- Y "a 25@.c; white, specials. 25h "a
25%sc; colored, average run, ?5G25Ac;
white, average run, 25G25kc; twins,
heid, specials, 25q25l2c; Wisconsin,
twins, held, 25@25 &c; single daisies,
49, uOupic udisleN, GbIC, young
Americas, 26& @27Ac; state, skins.
twins and fats. held, specials 1871
2o1ac; fats, fresh. specials, 1Si2M
l9'2c; twins and chedders, fresh, spe-
cials, 1S11d19i9c; fats. prime to
choice, l7Gl7l2c; twins and chedders,
prime TO choice. 17dl7Ifc; fair to
good, 16dl6iac; lower grades, Sole.
Eggs Receipts, 17,4S6 cases. Fresh
gathered, extras, per dozen. Asa Acc;
extra frsts, 40 ii i4c; frsts, 80 y AL &c;
seconds, 37la 639c; thirds and poorer.
35W37c; fresh gathered, dirties. No. l.,
36U37c: No. . and poorer 330 35i2c;
fresh gathered, checks, good to choice
dry, 334 3ic; under grades, 30m32c;
refrigerator, special marks, fancy,
storage and insurance paid, Acc; firsts,
storage and insurance paid, 1914 a
391sc; seconds, storage and insur-
ance paid, 37G3sc; lower grades,
storage and insurance paid, $40
36i4c; state, Pennsylvania and near
by Western hennery whites. fine to
fancy, 5SGo 60c; state, Pennsylvania.
nearby hennery whites, poor TO prime.
Asa SIC: state, Pennsylvania and near
by. gathered, whites, poor to choice,
43 n 5Sc; California whites, i8N SIC;
Western and Southern, gathered,
whites,- 42G4Sc; state, Pennsylvania
and nearby hennery browns, 4ST5 SOC;
state, Pennsylvania and nearby, gath
cred, brown and mixed colors, aga 47c.
Orchard and Field
Yesterday. wear ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Active Securities
Bonds

Trading in bonds on the New York
s,oek Exchange Tuesday amounted to
,,Iss. 900, against S3.ie2.0Oo Monday,
S,llS.oe0 a week ago and S6,l15,00o a
"a, ago. From January I 10 date,
<sss oes 900. against S757,57l.00O in
ieiS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26

ONCE of Tho United Gas improvement Co.
y. ". Corner Broad and Arch Sussts.
Philadelphia p,.tnbsr u. 1917.
The Directors have this day declared quar-.
payable Oct, IS. 1917. TO s,oclhold,s d reoosd
a. tho close Of business Sept 70. 1911. Checks
l. w NORRIS rrsasurr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
RAILWAY sTEEL-spRING COMPANY.

80 Church street, New York city.
August "a, 1917.
A quarterly dividend Of ONE AND ONE
DAY been declared on the cOMMoN STOCK
Of this Company, payable September 20.
1917. 70 Stockholders OF record September
Is. 1914 The transfer books will not be
closed.
Checks will be mailed BY Bankers Trus,
Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
SURROGATES' NOTICE.


IN PURSUANCE OF AN ORDER OF
Honorable John p. Cohslsn, Q Surrogate
OF tho County OF New York. NOTICE IL
hereby given TO all persons having claims
against the estate OF Thomas I. Mcksen
late Of the County OF New York, absentee
10 present the same with vouchers thereof
% the subscriber, at place OF transscting
business, the Office OF its attorney, David
Bennett King, 10. lG5 Broadway. IN the
City OF New York. on or before the Sth
day % February next.
Dated. New York. the sth day OF August
1911. COLUMBIA TRUST CO,
Temporary Administrator
DAVID BENNETT KING. Attorney for
Temp. Admir-. les Broadway. y. Y.
C:ty
IN PURSUANCE OF AN ORDER OF
Hon. John p. Cohalan. a Surrogate OF
the County OF Sow York. notice Is here
by given 20 a.! persons having claims
against Helen Allen. late OF the County OF
New York, state OF New YORK deceased
10 present the same with vouchers thereon
70 the subscribed at HIS place OF transact.
luE business a. the oi.Se Of Allen IL Cam.
mann, No. 90 Wall Street. in the City Of
New York. on or before the 10th day Of
December next.
1912 a''d Ne" York; III HUM ~ az nI e June
Administrator.
ALLEN & CAMMANS, Attorneys for Al.
ministrator. So Wall Street. y. Y. City.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26

Sales 1000 omttetl open Uish low Last
'Chi-W Ind 5s.. esss sssa esss cas-
20 Gen II 6s n. ..tot3s 1919 toiis ioils
20 'YNC 2-yrnwi az s7 81 ~
o'Rus biss. 69l4 SEA esl4 69ls
'Unlsted. tSells cents per nharc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
DIVIDEND NOTICES
September 25th. 1911.
UNITED STATES STEAMSHIP
COMPANY

A regular dividend OF one per cent and
an extra dividend Of one-hslt OF one per
cent has been declared on the capital stock
OF this Company, payable November LIST.
1917, TO s,ockho!d ers OF record AZ the close
OF business on October 18th. 1917.
y. II. CAMPBELL, Treasurer.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26

weakened by the recent sensational ad-
vance. Underlying conditions, how
ever, were still strong, and many look
upon the supply and demand situation
as distinctly bullish.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Curb Market

Note.-The Tribune assumes no RESPONSE
bility for the accuracy authenticity or curb
market quotations. Transactions and prices
Tuesday were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Coffee, Sugar, Tea and Cotton.
seed Oil
For cash /:

Coffee Tutures.-The coffee market
showed a firmer tone yesterday, slight
early declines being followed by rallies,
with the close showing net advance
of TO points. Sales were reported
of $4,000 bags. There was some trade
selling early, with the opening un-
changed to points lower and with the
more active months selling point or
two under last night closing figures.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Cottonseed Oil Futures.-A reaction

Cottonseed Oil Futures.-A reaction
airy tendency developed in the cotton
seed oil marke, yesterday, and after
showing slight early advance prices
eased of sharply and closed with net
losses of 70 10 95 points. Total sales
for the day were $500 barrels. The
selling was largely in the way Of tax
inc profits and was based on the the
CRY that the technical position had been
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Consolidated Exchange

UNIT Of trade on this exchange. 10 shsres.I
Transactions and prices yesterday for the
more active stocks follow
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-26
Livestock, Meats and Provisions

Following are yesisrdays prices compared WIN
those Of year ago;
New York Yesterday. year ago
Live steers. best,
100 10 ......... $3.50 dSlo.z3 so.Oo "a >e.o'
Dressed lcef sides. =, ,u,a I,
ID ..s.ss.....s ~ 90 '''fis ~
I've veas. hest,
100 10 .........l200 a. 700 $50 400
D y 100. 100 II ss 90 g n..5s ..Js g 80
! S-i IN loo u b 'l4so a l7.se go 2 1910
Dressed mutton, ~ ~ p "a 10 a .l5'7
dressed lambs. ID az a II 10 10
Hos 100 h.. 1900 q 1875 ~ 50 "a -
dressed hogs. ba-
con. 10 -. $3.50 rs .iFsf -
Mos pork. bbl a7.00 4 I7.50 5000 q 3I.0o
Mts beef bbl.. 1900 5000 2l.00 a 2t.s0
i IL .4. .' 2soOo a 2s.Ioo 5000 q 1910