davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
per cent. payable April ? to stock of rscOra

per cent. payable April to stock Of recor'
March 20.
Simpson Creek Coal.-Initial quarrg
dividend OF "a. per cent on the prefers
stock, payable April 1 to stock Of reoo'
March %.
Adirondack Electric Power Corp.--Qusf,n,
" dividend of $3.50 per share on presl'r'
stock, payable April TO stockholders oil re-
ord March 10.
Corn Products Refining. Dividend Oh ~
cent on the preferred stock, account oiyldseo,,
in arrear. and regular quarterly diyidena q
IA per cent on the preferred stock, both pH'
able April Is TO stock Of record Apnl !.
National Park Bank Regular q1afN'
dividend OF per cent. payable Aprll Z. =,
Kelsey Regular quarterly DIVIDEND q
l., per cent on the preferred and = "
cent on the common stocks. payable Apih
TO stock of record March %. -
Arundel Sand and Gravel. CIV
dend of = per cent, payable April T.
Tonopah Mining Quarterly DIVIDEND o. !.
per cent, payable April q 10 stock Of rec'''
March 81.
Dominion Steel. Dividend on the COMM
stock at the rate Of per cent pr nnas
the FIRST quarter being payable Apnl ~
stock Of record March 81 also regular ~
dend Of ~ per cent on the preferred 'o''
payable May ! 10 stock Of record Aprl }"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
Friday March 9s, 1911.


The stock market, being neither
particularly active nor dull, and
prices for the most part showing no
important change, was uninterestlng
until the last hour. Then, follow
ing the announcement that the rail-
roads had filed formal application
with the Interstate Commerce Com
mission for an increase in rates,
there was rush of trading, and
prices moved rapidly upward. The
rails were especially strong and ac-
tive. Transactions in these issues
were almost, if not quite, as great In
the last hour as in the four hours
preceding, while net gains for the
day ranged as high as 524 points.
The industrials shared in the rise,
but to lesser extent. There was
nothing very logical about the move
ment. 1t had been known that for
some time the railroads would apply
for permission to raise rates, so the
announcement did not come as a sur
prise. The movement reflects the
general opinion in financial circles
that, in view of the recent concession
to their employees, public opinion will
favor granting the railroads higher
pay, and that therefore the applica-
ton will be favorably considered by
the commission.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
Dividends

Lehiah Valley Coal Sales.-ReguIar quar-
tcrly dividend Of 2is per cent, or Sl.25 "A
share. payable April IA TO stockholders Of
record April ;.
Indinna Pipe Line. Regular quarterly divi-
dcnd Of s. a share. payable May 10 TO stock
Of record April a.
United Railways and Electric Of Baltimore.
Dividend of 80 cents per share on the COM
mon stock. payable April IL TO stock Of rec
ord March 20.
United States Mortgage and Trust Regu-
lar quarterly divideud Of per cent payable
March q 10 stock Of record March q.
Mortgage Bond Quarterly dividend OF I =
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24

foreign money in terms of the Amen-
can dollar. You buy an English pound
sterling for s4.75h; the intrinsic par
ity is s4s6ts per pound. Thus, you
say either that pounds are at dis
count or that dollars are at a pre-
MUM. which is owing to the fact tnat
in England the demand for dollars
with which to settle accounts in TINS
country is greater than the demand IN
this country for pounds with which to
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
The Dollar in Foreign Exchange

Italian exchange moved in favor Of
Rome yesterday, lire advancing from
$50 to the dollar to 7.76. The recov-
cry followed a withdrawal of offerings
from Italy. Russian rubles held their
gain of earlier in the week and were
firmly maintained at 2s.65 cents. They
are now one cent in the ruble above the
low record price. Rates on Germany,
France and England showed practically
no change yesterday.
Closing rates yesterday, compared
with week ago, were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
Grand Trunk Retains Boats
Railroad Is Permitted to OPP
crate Great Lakes Lines

Washington, March 23.-The Grand
Trunk Railway will be permitted to
retain possession of and to continue
the operation of its boat lines on the
Great Lakes under decision handed
down to-day by the Interstate Com
merce Commission.
The commission holds that the lines
are being operated in the interest Of
the public and to the advantage and
convenience of commerce. and that an
extension of their operation by the
railway will neither exclude, prevent
nor reduce competition on the route
bv water under consideration
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
Western Maryland
Railway Company
February 10. 1911.

February ~, lsl'.
NOTICE II HEREBY GIVEN ts.t new con
.oiid.tad corporation Known a. WESTERN
MARYLAND RAILWAY CoMPANY nn been or
s.riI,d undsr The laws Of tho STATS q Maryland
ara P-nnUlv.nis and hu acquired all Of tbs
railroads ara rrvperty o. Tho Western Maryland
Railway Company ard certain Of is subsidiary
ooupsrloA
stoeSno.d.rs O, TIE Western MARYLAND RAILWAY
csnpsny hsss beoc+rs and stockholders O
wEsT1-RS MARYLAND RAILWAY COMPANY
.nd upoa Srrreudsr q their present certificates
~ noes al the o-cos q The Equitable Trust Com
psry q Nsw York No 81 Wall Street New Yori
cfts. on and stS hsrh IS 1917. will recsiv,
e1unc.i. q stock q The new ccnsolidstod COZ
purrnOa "a folSrs:
rw sch shrs - psursd ,.ook ~ n.
Western hAyisnd Railway COMPANY or,
shIc a seoood Preferred Non-cuuuiGurc
roor Per conL stcck q II. uya onsoldsted
oorporrsou-
Per Each shars o. eounoo s.oet q II,
we-hsl Maul.nd RsiivaJ Company. o.,
ers a oornnon stock Of ps rev ccnsoi.
es,st oorpoyacoc.
% AFGt-net WIN thr Wef,eyn htryland
fs<sooders' Commits. stneshosce-S q Tfs Wet
an hEyiEnd Railway Company nay make The
following suescr.p<ioa purchase A. Tie tirae O,
tro1anfnE heir prs1slt osrafcst-s on End ssrsr
MARCH Is. 1917 But NOT LATER
THAN MARCH 20. 1911:
r~ ss<h 500 par vslus Of rock tssfhe-
rrsfs1sd o. connnnl o. ne Western M.ry-
lard krivU Company. suhsc1veioa rnN b
r.sds a. par for go par value 81 Flrs, ~,
f@T-d Seven Per Con, stock OF wsss-n
MsJland h&DsAy Company Tho rev Con-
so,i1sisd oorpor,non).
rgr sseh $50 o. subscription paid tho ,ubs,r4bers
fri bs stt1sd 70 rsoesfs.
y-t rre,~r-d s,ock o. TIE ~. eorso,i-
es,sf oogvstroa so par value
esoSk q Tfs Dsys ccsi ara Cob. corn-
pa1y faeo par ufaa
BOD o Monons,ns Goa rsnd. corpsn,.
no par wha
Scrip vln b delivered for f,sofins a. sasrss
Coslss oS us form q warrant upon which RIB
s>v1poors mutt b. MATS may 10 ooasinsd a, n.
sr1s q - COMPANY. No ~ Bro4dzsy. Sss
y9t CIR.
wTsTTEs MARYLAND RAILWAY cowPANI.
~ CARL r. CRAY. Pr,snert
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24

the Central Foundry Company anu
more recently connected with the eA-
port department of j. P. Morgan
Co., has been elected president TO sue
coed James n. Wallace, who has been
acting as temporary president. MT
Catchings, who is the personal choice
Of Mr.. Wallace, expects to leave TO-
day for Birmingham, Ala. TO assume
his new duties. Mr.. Wallace will re-
main a director of the Sloss-Shetfield
Steel and Iron Company.
Corn Products Refining Company
Directors at a meeting yesterday de-
clared a dividend of 5 per cent on &C
count Of the accumulations on the pre-
ferred stock. A similar payment was
announced three months ago. leaving
91-6 per cent still to be paid of. Esti-
mated net profits of the company TOT
January and February were about 81
100000, or at an annual rate OF SS'-
100000.
McCrory Stores COrporatlon.-SaIes
Of this company for the year ended
December 81, 1916, amounted to S6,7Sh'
1T. an increase of s1,173,l29 over 1910
Cost of sales was s4,634,713, and gen.
eral expenses, taxes, ETC., were sl''3o''
256, leaving a net income of s422,l4s
a gain of S69,952. After payment OF
preferred dividends the surplus OF
s334,64s was equal to 6.69 per cent on
the 100000 common stock, against
coo per cent earned in 1918.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
u. S. Treasury Finances

Washington, March 23.-Condition Of
the United States Treasury at close to-
day showed: Net balance in general
fund. s54,206, $50; total receipts, ST.
POS. $50: total payments, s1,175,634.
The deficit this fiscal year is S172,-
41e.274. against deficit of S56,961,49
last year, exclusive of Panama Canal
and public debt transactions.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
New York
airing Through Federal Reserve

Clearing Through Federal Reserve
nk.-Announcement was made yes
terday that the American Exchange
National Bank and the Nassau National
Bank of Brooklyn have authorized the
New York Federal Reserve Bank TO set
tie their daily balances at the New
York Clearing House by charging the
same to their reserve balances. The
Reserve Bank is also authorized to re-
ceive their credit balances. This makes
four banks that have taken this action,
the other two being the Liberty Ma
tional and the Corn Exchange Bank.
Several other important banks OF the
city are seriously considering follow
ing suit, including the Bank of New
York, A. B. A., the Coal & Iron Ma
tional Bank. the Garfield National and
the Irving National. 1t is expected
that in time all the national banks
will join, although report that the
National City Bank had the matter
under consideration was denied.
The object of the banks in having
the reserve bank settle their daily
balances is that this scheme does away
with the necessity of carrying money
to and from the Clearing House.
French Loan.-Inquiries for the
S100,000.000 French loan offered TO the
public Thursday have been satisfsc-
tory. bankers said yesterday The sub
scription books will in all probability
be closed on Monday. II was said that
banks and other financial institutions
from all parts Of the country had taken
the notes freely, and that individual
investors had purchased considerable
amounts.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24

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, 1917-03-24

Shipments Of copper from Peru 10 the
United States show rapid gains, the
total Of 1918 amounting 20 $4,000, 900
pounds, against 44,000O00 in 1914.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24

ANDREW J. MCCORMACK, Auctloneer
REGULAR AUCTION SALE
STOCKS AID BONDS,
BY ADRIAN II. MULLER son
OFFICE. NO. IS WILLIAM ST,
WEDNESDAY, MARCH ~, 1911
at 1890 o'clock an the
EXCHANGE SALEsROOM
NOS. a AND IS NESEY STREET.
For Account OF Executors
2Os shs. Meyer Denker & sinram CO
For Account OF Whom 70 May Concern
100 shs. Pacific Coast Co. 2d prefd
100 shs. Crows Nest Pass Goa! 90.
10 shs. Chicago A North Western ~
prcfd.
All the right. title e. interest Of W. A.
brecht & Co. IN & 70 800 bsles o
cotton mentioned In q covered y
tho acceptance agreements hetNes.
the Guaranty Trust 90. Of y. \, Z
said W. Aibrecht g. co. dated teoi
"a. Feby -. Mar. & Mar. II, lsl'
respectiyely
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
Exchange Will
Fight Increase
In Stamp Tax
Other Organizations Join
Protest Against Proposed
So Levy on 100 Shares

Governors Of the New York Stock
Exchange held special meeting yes
terday for the purpose of formulating
a vigorous protest against the proposed
Increase from SO to 81 in the state
stamp tax on each 100 shares OF stock
transferred. The bill is scheduled TO
come I'D for discussion at Albany next
Tuesday.
Other organizations besides the
Stock Exchange are expected to send
representatives TO Albany to register
their protest against the enactment of
the proposed measure, which, it is
argued, will not only restrict dealings
in the securities markets but react I'M
favorably on the general business or
the community. The Investment Bank
ers' Association, the Merchants Asso-
ton, the New York Curb Association,
the Consolidated Stock Exchange, the
New York Real Estate Association and
the Association of Employees OF the
Wall Street District, IL Is reported, will
all join in the effort TO convince the
legislators that the higher tax should
not 90 into effect.
War Tax Expected
In opposing the measure leading
members Of the Stock Exchange point
out that if war is declared the Federal
government will in all likelihood put
in force the national stamp tax of 50
on transfers Of securities, as it did dur
ing the Spanish-American War.
A tax at the rate Of So per 100 shares
on stock transactions, which might be-
come effective II the state carries out
It's proposal to increase the impost to
81, would, it is predicted, eliminate a
normal market in stock, fo- the reason
that professional spectators would not
find it profitable to trade under such
conditions.
Would Reduce Revenues
One OF the governors OF the Stock
Exchange said that the state would not
gain any more revenue If it increased
the tax to 81, as trading would be re-
stricted to such an extent that less
would be received. Last year the
stamp tax revenue amounted to S6,7OO,-
600.
The Association of Employees of the
Wall Street District. which has a mem
bership of 10000, issued statement
yesterday saying that the proposed IN
crease in the state stamp tax would be
discriminatory and would place sucn
an additional handicap on doing busi-
ness in New York City as to drive
business to other cities in other states.
"If such an attempt were successful
the statement reads, at is believed by
the members Of this association. which
is non-partisan in politics, that their
positions and those of tens of thou
sands throughout New York State
would be in jeopardy"
The bill was introduced by Senator
James A. Emerson, OF Warrensourg'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
COPPERS
Too high or too low? How to
Judge them.

The article IN the current issue OF
The Investment Weekly Will be Of value
to you in making your decision. Other
features include Industrial Alcohol. Ameri-
can Bee, Sugar. Virginisn Railway. Denver
Gas & Electric. Prof. Johnson Of U. Of
Penn. on Federal Regulation, Law for the
Investor, Investing for Business Reserve and
1876 news items. Ten cents at all news
stand, or thirteen issues BY mail for a
dollar bHl. AZ Bwy., New York
The Investment Weekly Dept R
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24

Commercial Paper.-Athough offer
ines were somewhat larger, the tone of
the market has changed but little. At
tractive names are now moving at 4
per cent.
Official rates of discount of each OF
the twelve Federal districts arc as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24

thing to do. After all, perhaps II
would be better TO talk about the
technical position"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
Money and Credit

The money situation was unchanged
yesterday. The supply of funds con-
tinued abundant and the tone was easy.
Loans were made on all industrial Sc
curities as collateral at 4 to AZ per
cent for four, five and six months.
The demand for loans based on a
mixture of railway and industrial col
lateral is small and the rates remain
barely steady.
Call money closed at "a per cent, an
advance of II per cent over the rae
Thursday. The advance was due 70
the shifting of loans incidental to the
weekend recess.
Ruling rates on money yesterday,
compared with a year ago. were as fol-
lows:
Yesterday Year ago
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24

Bank Clearings.-Although bank
clearngs usually fall off toward the
end Of the month, the total this week,
according to returns from the leading
cities of the country to r. G. Dun &
Co., shows a moderate increase over
the previous week as we'll as the larg-
est aggregate ever reported for this
period. amounting TO s4,757, 0s3 ,631, a
gain of 125 per cent, compared with
the corresponding week of last year
and SS.8 per cent, compared with the
corresponding week in 1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
Currency Movements.

NuTTtHVy NUNtIIIeIItb' NtpUIItU
movements of currency this week in
dictate loss in cash by the banks Of
about s35,0OO,O00, mostly through the
Federal Reserve Bank collections. The
loss on operations with the interior
was SO, 100000. During the week the
Federal Reserve Bank had an aggregate
OF credit balances against the local
banks of s324s5,OO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24

Gold Currents.-Gold to the amount
of 500, 900 was withdrawn from the Sub
Treasury yesterday for shipment to
Spain.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24

Sub Treasury. - New York banks
gained from Sub-Treasury S4,151,OOO.
Silver.-Bars in London, 95is pence;
New York, 1924 cents; Mexican dollars
551z cents.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24
Corporation Returns

Lake Shore Electric Railway system
nual report for the year ended Detemne' -
1916, compares as follows ...s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-24

The above rates express the cost
Western liberal. (Lordsburg, N.M.) 1887-1919, 1917-12-21

Almost as well known as the dis
trict itself is the famous So mine and
adjoining developed property owned
by the So Mining company, which is
giving employment to about six hun.
dred men and shipping on an average
Of 10000 tons Of crude ore per month
to the smelters. The IS mine is 10.
Gated three miles southwest OF
! ordsGurg and at a p~ostoffice known
as Naledon.
In 1915 the SIS Mining company
turned in TO the state tax commits.
sion of New Mexico a gross produc-
ton value of $762, 921.7S, and in 1916
S1,45G. 5S7.29. The net value deter
mined by the state tax commission
for the So Mining company was $685.
613 for 1916.
The company has about ~ patented
Gains in the Virginia district. The
most extensive work, however. is be
ing done on the 49," N~inety-nine,
Superior, Emerald and Mohawk
claims.
The ore of the IS mine is mined by
the shrinkage stope method, with
chutes every 30 feet. A main adit has
been driven from the east side of the
) mountain a distance of 1900 feet
q the winze. from which all hosting
is done. The adit connects with the
ore bins and power plant. Haulage
is now done with gasoline locomo-
lives.
Mining is carried on on practically
all the levels of the mine and especial
ly the $50 and 550-foot levels. On the
$50 level lateral work extends about
1000 feet. The property is connected
up with the Superior and other mines
on the west.
The shaft is three-compartment
with double deck cages. The hoist is
electrical driven, Ottumwa type.
Drifting is done under contract with
Leyner drills. There are four cleo.
trical pumps in the mine lifting about
$50 gallons OF water per minute in
the aggregate.
Tho company's intentions in regards
to development r to continue shaft
sinking until the 9jO-foot level is
reached. This work is now under
wav
a. !. lnderrleden, manager OF the
So Mining company's operations, is
constantly looking out for the vel.
fare of the employees. He has found
this a paramount factor in the success
If his mining. In every way Manager
Inderrieden has bettered the living
conditions OF the men and Is using
every known means to make an ideal
camp. As a reward for his efforts
there has never been any labor
trouble i'm tha camD and an efficient
working force has been organized.
Western liberal. (Lordsburg, N.M.) 1887-1919, 1917-12-21
GEOLOGY AND aiNERAloeY.

The ore bearing lodes OF the district
occur as assures in a diorite country
rock changing to places to andesite
and audesite-porphyry. There are at
""o"rlar intervals intrusions of tie
dlorite into the andesite. Where
these intrusions occur the ore Is gen
orally in large quantities and OF high
values. The fr%acturing in the magma,
bringing about the assures. has evi.
Gently been the result OF ascending
gases and solutions together with in
ternal eruption. Later, descending
solutions percolating through the sill
iciUu3 vein matter has deposited the
mineral. This is more fully verified
By the fact that the higher gold AMI
silver values are nearer the surface.
There has been no intricate faulting
where development work has opened
up the lodes, although a slight shear
ing has taken place. The dip of the
veins on the 81 property in the Vir-
ginia district of the L%ordsburg min.
.ng region is rs degrees southwest and
the strike is north 40 degrees east.
The width Of the veins vary from five
10 fifty feet and values range from
500 TO $500 per ton on an average.
The character Of the ore is oxides,
chlorides and sulphides with occasion.
al high grade ehalcocite pockets occur.
ring as ore shoots in the vein.
The entire district is traversed by
prominent dykes. which caused min
as to rrst turn their attention to the
.istrict. These dykes or wall-like
edges have an east northeast trend
intersecting at about Lees peak. The
tyl;es are highly silic!ous and brec-
ciatad occurring in the pOrphyry,
outstanding erosion.
In the western part of the field di.
)riteI orphyry is co nmon and in the
eastern exposure of andesite are no
ticeable.
The Pyramid range OF mountains
Dad IT'S birth in tertiary times, the
characteristic country rock being an
desite pOrphyry.
Western liberal. (Lordsburg, N.M.) 1887-1919, 1917-12-21
LAWRENCE MINING CO.
OF LORDs5URo

The Lawrence Mining Company
continue to develop the Bonney mine
and have at last adequately handled
the large amount of water encounter
ed in the Number Three shaft during
their sinking.
Development work and ore ship
ments will continue during the coming
year as during all of this year.
The second largest producing mine
in the lordsburg region is the Bon.
ney, located two miles southwest of
the So mine and five miles from Lords.
burg. The Bonney Is the richest in
the local district with an average ore
value OF $50 per ton. Occasional
strikes have been made giving returns
Of 500 per ton and over.
There are three shafts on the prop.
crty. The No. I is 100 feet deep on u
6 degree incline. Thu No. . is $50
feet deep with four levels. The No
3 is now down 400 feet. II is through
this shaft that most Of the worN Is
now being done. The No. . and the
No 3 shafts are connect ID for Won
tilation.
There are seventeen distinct veins
on the Bolney claims. practically all
Of them CutCropping at the surface
in vidths up to 30 feet. The veins. a 3
far as can be determined, arc true
fissuIcs in andcsit', grading at places
to dior.t' and andes'tc prophvry. Tn"
strike of the veins is - degrees north
clst and southwest AMI "a dip of rs de.
frees to thu northwest. The veins are
parallel. The copper occurs as CuD