davidaulloa/AmericanStories huggingface dataset:
The daily morning oasis., 1917-12-23
NOGALES, ARIZONA SUNDAY, DECEMBER 23, 1917

ARIZONA, SUNDAY, DECEMBER 2s, 1917
Mile Is, Construction,
Drainage,
Mile II, Construction,
Drainage,
!, l Creek Crossing
Mile 49, Construction,
i Drainage,
4 Amount Forward, S
i Amount Brought Forward, S
!, lie 10, Construction,
i Drainage,
/ Total for above 18 miles,
so for Surveys and Supervision
Grand Total For Road No. 2,
NOTE:-The above estimate is made
with the view of placing the roadbed
on the side hill above high water and
to eliminate many Of the existing creek
crossings making the road permanent
the year round.
Road No. 3.
This road begins at point miles south
west of Patagonia on the Nogales- Patagonia
Highway, or Road No. 1, and runs thence in
a southwesterly direction for distance of 20
miles, intersecting the State Highway at Tu-
oac and crossing the S. P. R. R. at Soto's
Crossing By beginning this road at this point,
: miles of parallel road into Patagonia can
oe e eliminated. MA
Mile l, AS this road passes thru the San Jose
de SonOita Land Grant, provisions will
! have to be made for gates and cattle
guards @.
The road should be changed up in the
canyon in order that the roadbed be
above the high water mark. Creek
crossing with so foot curbing,
! Installing 2 gates at $4,000 each,
Concrete automobile cattle guards at
$4,000 each,
Construction first mile, placing road
bed above high water,
| Drainage,
Leveling roadbed and draining last
mile, (nearly all rock work)
Mile e. 30 foot span bridge, IL feet high, with
concrete abutments, steel beams and
j wooden deck,
j Construction of road above high water
j and out of sand washes, (Rock work)
j Drainage
Mile 8, Construction 40 of this mile on side
| hill, out Of creek, rock work.
Drainage Of this mile,
Mile A, Bridge, steel l beams, concrete abut-
ments, wooden deck, 2 thirty foot spans
Is feet high, -.
LeveIing Roadbed land drainage,
Mile 5, Leveling and drainage,
Mile 6, Leveling and drainage,
} Mile z, Leveling and drainage,
h1ie 8, Leveling and drainage.
J Mile 8, Construction,
Drainage, :,
Mile 10, Construction, *
u Drainage,
Mile II, Construction,
u Drainage,
Amount Forward,
Amount Brought Forward,
Mile IL, Bridge concrete abutments, steel 1
} beams with wooden floor,
y Construction,
j Drainage,
} Mile 13, Growing and Drainage,
Mile IA, " mile side hill work,
Growing and Draining,
} Niles Is & 16, Growing and Draining $25000
u per mile
} Mile II, Side Hill cut and drainage,
Mile 18, Side Hill cut and drainage,
lille 10, Side Hill cut to keep out of sand
wash,
Drainage,
Vile 20, Rocked crossing, 100 feet long,
} Drainage,
} Grouted Ford at Soto's crossing at
) River
} Total for above 20 miles,
so for Surveys and Supervision,
} Grand Total For Road No. 8,
The daily morning oasis., 1917-12-23

10000
45O.0C.
10000
450.0C
1900
10000
450.0C
$52.79O.0t
2,60O.09
450.0(
55,84t'.0(
2,792.O(
58,632.0(
The daily morning oasis., 1917-12-23
$4,000

Mile 25 Construction and Drainage, $1,000
Mile 26, To replace the present wooden box cul-
vert with steel beam and concrete deck, 10000
Construction and Drainage, $4,000
i lille 27 Construction and Drainage, $4,000
Concrete Curbing at Casa Blanca Canyon $500
file %, Construction and Drainage, 5000
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
c., R. |. & P. AGAIN
IN DIVIDEND CLASS

The Chicaso. Rock Island and
Pacific railway is again in - div
idend class The directors met i'm
New York and voted a semi-an-
nual distribution OF 3 L. percent
on the z percent preferred stock and
g percent on the percent pre-
ferred.
The directors FASTENED this ac-
ton in order, as intimated. Go put
the road i'm the dividend paying
column before the government as
sumed operation The directors
now feel that they come under thc
shelter of the presidents pr0glama-
ton. which proposes 20 guarantee
earnings equal in amount 10 the at-
erage of the last three years.
According 20 Charles Hayden.
chairman of the finance committee
of the Rock Island. the average
earnings of the property COVERING
1915. 1915, and 1917 were "appro--
imately So share on the common
stock, in addition TO an interest
charges and accrued dividends on
the two classes of preferred stock"
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
AMERICAN LOCOMOTIVE
PROMISES S18 A SHARE

BOSTON, Dec. 29.-American
Locomotive in current fiscal year is
following closely the 1867 year
Half-yearly period ends Dec. 81.
During this six months the company
earned slightly better than 81 per
share for its 100000 common
before excess profits taxes. on this
basis the year as a whole would
show perhaps SIS per share for
common after taxes; 1917 year 10
June so showed $22 per share for
the common.
Such a balance OF profits would
mean that in three fiscal years 1916.
1917 and 1918, American i,ocomo-
tive had rolled up r its $4,000.
600 common stock a balance of S76
per share after all charges for de-
probation, writing of Of war plant
investments, Canadian and United
States taxes.
This is $27 per share. or more
than 50 per cent. in excess of pres
N-N maj net price OF common.
When IL is figured that American
Locomotive may earn SIS per share
above everything this fiscal year. no
allowance is made for special prof
II which the company will reap from
sale OF machinery and equipment
used in connection with its shell
work. This machinery had been all
charged off as part Of cost Of max
ing shells. American Locomotive
was able 10 sell this used machinery
for a price netting equivalent Of $40
per share on the common.
American Locomotive by end Of
its current fiscal year June 30 next
ought 10 have a net working CAPT
tai between S2S.OO0,O0O and 500
100000 This contrasts brilliantly
with ss.649,295 Of net current assets
carried June 80. 1911.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
BY financial Editor.

AS we have confidently expressed
our opinions OF the stock market
for the last month favoring the up
ward trend Of prices and have seen
that trend gain momentum only to
be dashed by some unforeseen cir.
cumstance. The presidents policy
in handling the railroads was the
desired tonic which. from all ap-
pearances has turned the market
upward on the run.
The market was in a very health :
condition and as we have seer in
the last 30 days. could not be put
tnuch lower, but it needed the as
surance OF the administration, such
as the railroad pool. TO show that
business must be made 100 per cent
efficient and regular dividends con
tinued that no short-sighted policy
would be pursued, fears Of which
have rocked the doors of the stock
exchange for months.
We have predicted from time to
time that a bull market would starr
in 1917, it has, although rather late.
and with any kind of assurance
from the next congress of coopera
tion with the president, we are very
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
Financial Opinion
BY FINANCIAL EDITOR.

liable TO see for the first time in a
decade. a bull market while con-
gress is in session. The unfavor-
able conditions have all been dis
counted, what will happen now will
be ia, orable to the bulls.
Studebaker. which we have con-
unued 10 advise its purchase, was
showing some OF the old time life
last week leading the market in
yesterdays squirt, and we believe
that Studebaker has only started, IL
should be worth par. WHY'S over
land, Corn Products, Kennecott and
Chile COPPER are still at bargain
prices. besides the railroad stocks
have been driven so low on account
Of fear of their dividends being dis
continued that recovery has only
started.
We are not in for a wild bull mar
ket, the start was too sudden There
will be recessions which should keep
the market healthy but we are
hound for an upward trend of prices
" hich before summer should aver
age 20 points.
Our former advice is still good.
"Ruy 10 hold" but don't straddle
this market.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
LOW PRICED RAILS
AGAIN IN DEMAND
Western and Southwestern
Issues Make Especial Ap-
peal to Traders.
Associated Press Service /:

ASS0Cl0teQ fEeSS service.
NEW YORK, Dec. %. - The
movement Of stocks during today's
short but active session was rather
mixed despite surface indications Of
general strength.
Low priced rails were in further
demand, especially the group OF
western and southwestern issues.
while standard shares Jagged.
Trading in the motors was on an
extensive scale with extreme gains
of one to four and a half points in
Studebaker, General Motors, WHY'S
overland and a few accessories.
United states steel fluctuated
fractionally over and under yester-
days final quotation. closing virtu-
ally UNCHANGED. Sales amounted TO
4S5, 900 shares.
Liberty As changed hands at
S9726 to S96.9S. and the 8 LIS at
$3.50 10 S9S.42. Total sales (par
valued were $3.9S5.OOO.
United States bonds Gold issues)
were unchanged during the week,
except the As. which advanced IA
percent on call.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
GRAIN MARKET IN
UPWARD TREND
Receipts Light Due to Geld
Wave HandiCapping
Traffic.

Associated Press Service
CHICAGO, Dec 29--With ral
roads handicapped by the cold wave
and with receipts consequently
dWarfed the grain markets today
had upward slant throughout the
session. Corn closed steady az the
same as yesterdays hnish 70 SIS
higher.
oats gained IL 20 I SIS net. In
provisions there was an advance
ranging from 20 45
oats although only fairly active.
went tc the highest price record
yet this season The impetus came
largely from reports of sales 20 the
seabOard
Buying from stockyard interests
lifted provisions after some weak
ness at the start
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
stock.

CHICAGO, Ill, Dec. %. - Some
slowing down Of the bullish pace in
,augurated last Thursday was no.
ticeabIe in today's trade. Declines,
however. were of moderate proper
tions and due probably more 10 an
evening up process than 10 change
Of heart on the part of those most
interested. Motor trucks were the
exception. showing continued
strength under the leadership of
Studebaker with an excellent class
of buying. Government business
will compensate. in a great meas
ure. for slowing down in sales Of
pleasure cars. and the future OF this
industry seems brighter than for
some time past Fundamental con-
ditions remain unchanged. although
the technical position Of the market
is materially weakened for it's re-
cent rapid advance Bear in mind
that the way is not yet clear for a
rampant bull market. The present
money situation must be kept in
mind. Also the fact that congress
reconvenes Jan Sd, and unless
prompt approval is given the rail-
road plan. doubts and fears viii
arise in the public mind and play
an important part marketwlse.
Granting that the market is des-
tined for higher levels ultimately.
bulge purchases are foOlhardy.
Plenty OF opportunity viii be found
no natural reactions. for profitable
investment.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
WEEKLY REVIEW BY
THOMPSON & M'KINNoN
Grain.

Grain.
CHICAGO, HILL, Dec. 29.-Corn:
Absence of pressure has been the
principal reason for strength in
corn rather than any item of news
or pronounced demand. Cash corn
continues firm solely because of the
transportation situation. We be-
lieve there is an opportunity for
the patient seller TO be rewarded.
Price restrictions now existing and
undoubtedly to be maintained not
only reduce the buying power, but
offer a safeguard to the seller. Car
situation is improving although
slowly. 1t is rumored that locomo-
tives intended for Russia will be
turned to the western grain section.
Without in any way attempting 10
forecast the future it is natural TO
believe that some actual fire is be-
hind the smoke of peace prOffers-
Oats: Houses with seabOard con-
nections were again active buyers
Of oats features Bids for the cash
article were in the market, but be-
low a working basis. 1t was in
timated that small amount of bust
ness was closed at outside markets.
Strength in the cash and December
is due entirely TO small receipts.
With this abnormal situation chang
ed the entire complexion Of the
market might easily reverse itself
We believe there is a scattered long
interest which will make market
susceptible 10 pressure from the
country or increased receipts.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
CENTRAL LEATHER is
Numbered BY TlE-UPS

Central Leather in common with
other industrial concerns is having
some trouble with transportation,
due 20 freight congestion and tie
Ups. Export business is practically
at a standstiu. owing TO scarcity Of
tonnage and embargoes. Demand
for leather from government sources
remains firm, and there have been
large sales Of harness. In spite OF
embargoes and freight difficulties.
earnings are good, and there Is no
reason TO suppose that the predic-
ton OF increased earnings for the
December quarter will not be borne
out
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
Wall Street Topics

ed to the statement Of Director Gen.
McAdoo that the government would
meet all maturing bonds and notes.
The New Haven has 100000 notes
maturing May !. 1918. The notes
sold up three points to %.
Equipment in Demand.
Equipment stocks advanced rap
idly with American Car and Foun-
dry and Railway Steel Springs. Bald
win and American Locomotive were
conspicuous in the advance. Loco
motive is favored because the COM
pany will be rushed with equipment
orders for the next two years. The
FIVE percent dividend rate is conser-
vatiVe.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30

Further appreciation of the rail-
road plan caused a tremendous
boom in stocks and bonds. The re-
storation of confidence brought a
great buying power into the mar
ket. Many rails and industrials re-
gained in a period of five hours
what they had lost in a period of
i've weeks The difference between
the days market and that of the
previous day was a matter of dis
elimination and selection. Buyers
were equipped with more or less ac-
curate statistics and they bought Sc
lected bargains The obvious bar
gains were singled out by so many
buyers at the same time that ad-
vances were made very quickly.
Commission houses were crowded.
Earnings Calculated.
Until Pres't Wilson or those who
represent him in the solution of the
railroad problem see mt to make
the plan Of guaranteed earnings
more definite and certain calcula-
tons as 10 the earnings of individual
companies upon their stocks can be
nothing better than tentative. There
is doubt in Wall ST. as TO just what
the term net operating income"
used by the president means. In the
calculations of earnings on stocks
of individual rriers given below
the net operating income referred
to by the president is assumed to
mean the balance after deducting
operating expenses and taxes. This
item is averaged for the years 1917,
1915 and 1915. The annual other
income" as shown by the latest
statements is added and the present
amount Of fixed charges estimated
from the companys most recent re-
ports and known changes in bonded
debt is deducted.
Big Advances in Bonds.
Bonds. especially those of the rail-
roads. continued TO show sensational
advances. one OF the explanations
generally advanced for the new
gains was the days dispatches from
Washington quoting Sec'y McAdOO as
saving that all maturing obligations
during 1918 would be taken care of
by the government Many railway
bonds are now selling at prices that
offer an income return of six percent
or more. The government guaran-
tees each company net operating in
comes equal TO the average for the
three years preceding June so. 1917.
That government guarantee as
sures payment Of all interest on
bonds by companies which were
solvent during 1917, 1916 and 1915.
as practically all roads were. a bet
ter tone was shown in the market
for shOrt-term railway notes. with
brisk advance in Erie 5s. which
sold at 90.
Baltimore and Ohio.
Baltimore and Ohio common look
ed attractive. because net earnings
Will work out at about SIS percent
on this basis the FIVE percent rate
could be continued and il is eN-
pected in financial circles the direc-
tors will declare - percent on
Jan. 10.
New Ravens Advance.
New Ravens advance was credit
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
RUSH WORK ON GUN
PLANT AT GARY

CHICAGO. Dec. 29.-Employes
Of the Gary plant Of the American
Bridge company have been asked
10 redouole their efforts in order 70
complete. early next year. the new
gun works addition which will pro
duce middle heavy guns for field
artillery. while Bethlehem works
will make guns Of large caliher. The
Gary works viii have the Greatest
production Of artill srv n one tvpe
The plant is also pI,ducirg plates
tor 20 government y-.---.-;-.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
JAIL MAN BELIEVED TO
HAVE KILLED HIS WIFE
International News Service

WARSAW. Ind, Dec. 29.-
George Bartholomew. 81 years old.
OF Milford, is i'm Jail here charged
with the murder OF his wife. whose
rody was found under bed at their
home yesterday. Bloodstains on the
walls about the house indicated that
there had been a struggle.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
MARKETS
PIrTSBTRCH LIVE STOCK.

PTTTSBJ I{Gh. Pa. Dee - CATTLE
Supply light. market steady, choice
Sl25OfI 1929, prime Sl2J0fI 1873, good
Sl.1jM no tidy butchers $40 ga 1910
fair SgII S9s5, common S~-IgU SO, COM
mon 20 good TAT bulls $4,000. common
o. good fat COWS SsJOH9JU, heifer> 81. ia
M1O %. veal calves S1d11JO. heavy and
thin calves SId11.JO.
SHEEP AND LAAIBS-Supply light
market sheep steady. lambs De higher
prime wethers $3.50. good mixed Sg.I-
m10.T5; fair mixed Ss.ZJ6.3.-5- eulls and
common SJNI
HOGS Receipts 10 double decks. mar
Ret lower. prime heavy hogs StG5ONS1s
medium SIG:ONS1T. light Orkers Sld-5i
N1675, pigs S157JH 1910; roushs Sll0
10. stays SlIuI6
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
LAP0RTE BOY PROMOTED
-natIonal - - :

international News Service:
LAPORTE. Ind. Dec. 29-Lieut
Eoyal r. Ingersoll. son Of Admiral
Royal r. Ingersoll II this city. has
been selected by a board OF nine
rear admirals for promotion TO the
rank Of commander in the navy. ac-
cording 10 Washington dispatches
received here. He will be one Of
the YOUNGEST commanders in the
United States navy
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
COLD WAVE IN EAST.

BOSTON. Dec. 9.-Coal-starved
Boston and New England We're swept
today by the worst cold wave of
his winter. Suburban temperatures
ranged down 10 six and seven below
zero. Ii was four below zero in
Boston. Manchester, y. H.. re-
ported 20 below
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30

There are some $1,000. 100000 Of
middle class bonds and preferred
stock now issued. said a broker
They have been selling 10 20 Is
points below their real value on the
as,s Of earnings I'm the last FIVE or
So, months These securities arc
--v- v-e % roTirg their rates for a
period TO come. Temorparily they
..- -oo1 as first grade bonds.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30

Fast BUFFALO. y s.. bee. O.
CATTLE Receipts 400 head; market
steady. prime steers Sl3N1J, butcher
grades SGIUN~t2
CALVES - Rcceipts 1JO head: market
sIetiFe. cuu fo choice SJFiT
SHEEP AND LAMBS Receipts ] Goa
bead market active. choice lambs SI7M
SD; cuU to fair >11Jufi 100; yeariiuss
/ i2N r.; sheep SJW L.
HOES Receipts 1850. market active
erkcrS SIG. 1J6r 11.,-I- pigs $40 750 S1I
|uixeG Si1 -5el -..-j. heavy S1T.2Ifi 11-ij
|oughs SlGN 1870. stays SliMlfj0
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
KILLED N WRECK.

international News Service
AMSTERDAM. Dec. 29.-Thirteen
persons were killed and - injured
.n @ railway collision at Sportak
-.ar LubIin. in Puesior PO'an9 o~
THURSDAY. said a disOatch from
Eerlin t-day.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
COMMERCIAL
Notes Of the Finarc'al World

submitted TO Mr. McAdoo for his
approval or rejection.
The American Cigar CO.. which
is a subsidiary of the American To-
9acco Co. is said 10 be closing its
most prosperous year Some say
possibly $50 a share viii be shown
for the common stock this year.
Chile Copper Co. for the Septem-
Der quarter shows surplus of SI.150-
600, which is a decrease of $751;
coo compared with a year ago.
Surplus for nine months was So
02S,OOO
When the year closes United
States Industrial Alcohol viii bee i'm
remarkable strong financial posi-
ton, as earnings for 1917 are esi-
mated to be equivalent 10 approx
mately SIS a share on the common
stock. This is the more remarkable
in view Of the fact that 30 percent
was paid in dividends. The float
ing debt OF $I773,921, which APP
peared in last years balance sheet.
has been entirely wiped out and
this years balance sheet will show
substantial working capital and
surplus nearly twice as large as the
total of common stock outstand-
ing.
The committee on securities rules
that transactions in J. l. Case
Threshing Machine CO. voting trust
certificates for preferred stock may
be settled by delivery of either said
voting trust certificates or by de-
livery of stock until Jan. 81. 1918.
after which Gate only certificates of
stock Will be a delivery
The committee also rules that
transactions in Maxwell Motor Co,
Inc, voting trust certificates for
seven percent cumulative first pre-
ferred stock, six percent nonCumu-
late second preferred stock. and
common stock may be settled 10y de-
livery Of either said voting trust GER
tficates or by delivery of certificates
of stock until Jan. 81, 1918. after
which date only certificates of stock
Will be delivery.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
HELP WIN TIE WAR.

Old clothes are valuable Will
buy old clothing, furniture and 9TH
err articles 70 sell for q benefit OF
Red Cross and Y. W. G.. 4. Call Mrs.
Ella Shelly. 33S y. Olive St. Home
1926. Adv. 277-tf
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
CuTCACO PRODTCF.

CHICAGO. Dec - BUTTEB-Rc-
|ipts 4aG6 tubs. creamery extras ~
IRA frsts fSGfSL. frsts 44G41 pack
L. stock sea i61zc
'lsltfS- Receipts 2919 cases current re-
/ pts 4aH -. ordinary hrstS 52N -
4 sts JGNIT. extras 0ou6l checks 52d
dirties go. G36c.
IcHEESE wins. new %. diaries 26la
Iung Americas rs. LOngh0rus 20. brick
2stc
live POULTRY Turkeys -. chick
; u ar sprlngers Z3ia ro0sters u
[eze p ducks Dc
POTATOES Receipts 10 cars. Mime
las and Ohio 81 60Hl 90 cwt. WlscOu-
l and Michigan 81 6OG 80 cwt.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-12-30
CHICAGO LIVE STOCK.

UNION STOCK YARDS, Il. Dee. %
Hogs Receipts 1000 market steady 10
o. lower. mixed and butchers Sl6.2UN
l6.SO. goOd heavy SIC 100 1850 rough
d. S1G1OH 1865. light SlJ.1Jd1G. ga. .
piss 81. IJGI 1880. bulk S1GJUFI 1919
CATTLE -- Receipts 1000. market
steady. beeves S1IJOnt iZJ. cows and
hcifers SJ.-ON 1850 stockcr- and feeders
81. 2OFI1u. 20. calves S~.JOISI6.
SHEEP Receipts 5000. market steady {;
Si2.156i 1913