davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
TAXES WORRY
HEAD OF B. R. 7.
In Report to Stockholders
Mr.. Williams Complains
of Increase

Although gross revenues Of the
Brooklyn Rapid Transit Company dur
ing the last half year of 1916 increased
1892 ,234 there was falling off in sur
plus income of S5S5,Si9. President f
S. Williams called the attention Of the
shareholders at the annual meeting
yesterday to increased taxes as one Of
the important reasons for this unfavor.
able showing His comment in this
connection was:
an the matter Of taxation we, in
common with other property owners,
are paying the penalties Of increasing
expenditures for the support Of gov
eminent Higher assessments under
new laws cost The company last year
5000 900 more than in 1915, according
10 Mr.. Williams. Notwithstanding
these additional burdens the systems
net income available for dividends was
over 100000 in excess Of the dividend
requirements. at the rate Of s per cent
per annum, for this period.
That the operations for the remain
ing six months of the fiscal year will
make a better relative showing than
for the last six months Of 1916 was the
prediction made by Mr.. Williams.
part Of the increase in wages" he
said, became effective on January l.
1916, and appeared in last years fig
ures Part Of the increased taxes be-
gan to be absorbed in March of last
year. Additional interest charges
Substantially at the present rate) be-
came effective in January year ago,
and arc not likely to be materially in
creased during the current six months.
II the passenger earnings continue TO
increase, therefore. at the present rate
the system ought to show for the final
six months of this fiscal Year as good
results as those for the same period
Of 1916, if not better"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27

uary IS. aud Il, per cent on the preferred
stock payable March / to stock OF record
February 20.
Colorado Fuel & Iron.-Dividend Of per
cent on the preferred stock. payable February
20 10 stock Of record February ..
Beatrice Creamery. Regular quarterly div
dend of ~ per cent on the common stock,
payable February ] . 70 stock OF record Feb.
ruary 6, and an extra dividend Of 10 per cent
payable 20 stock Of record March ,.
Robert Regular quarterly dividend
Of n. per cent on the preferred stock, pssss
bic February 10 stock Of record January ..
ClinchfeId Coal Corporation. - Regular
quarterly dividend Of = per cent on us
preferred stock and a dividend of per cens
on account Of accumulated dividends. hi,
wipes out all hack dividends. Both DIVIDEND.
are payable February ! 20 stock OF record
January -.
Keystone Watch Case.-Regular quarterly
dividend Of ! = per cent. PAYABLE February
10 stock Of record January %.
Lehigh Coal & NayiCatiOn.-Regulsr quar-
tcrly dividend Of per cent, payable February
IS TO stock Of record January y.
Atlantic Terra Cotta.-Dividend o. J ps'
cent on the preferred stock payable February
10 10 stock Of record February 3.
Ebsary Fireproofng & Gypsum Block
Dividend Of Z per cent Tor the year 1910 on
the common stock, payable April 90 to stock
of record December 81 last.
National Acme.-Quarterly dividend OF Ia
per cent, payable March l.
Rio de Janeiro Trsmway. Light a Powell
Quarterly dividend Of IA per cent, payaols
February l.
Sac Paulo Tramway, Light Powell
Quarterly dividend Of 2ls per cent psyaois
February I.
Indian Refning.-Dividend Of y per cert
on the preferred stock. payable February .
TO stock of record Febrary 10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
ED. A. MAHER HEADS
THIRD AVENUE RY.
Elected President as Successor
to Late Frederick w. Whitridge

Edward A. Maher was elected presi-
dent Of the Third Avenue Railway
Company yesterday. to succeed the late
Frederick ". Whitridge. Since the
reorganization of 1910 he has been
vice-president and general manager.
His early experience in the manage
ment of traction lines was gained in
Albany.
Mr.. Msher came to New York in
1892 TO be head Of the Union Railway
Company. In addition to being Off
cially connected with the Third Avenue
Railway he has served as vicc-presi-
dent Of the subsidiary street railway
companies operating in The Bronx,
Yonkers, Mount Vernon and other
towns in Westminster. He had direct
charge of settling the strike that
started in Yonkers last summer and
finally extended to the entire Third
Avenue system.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
BUSINESS ON INCREASE,
DESPITE RISING PRICES
Inadequate Supplies Are Chief
Cause for Anxiety

After a natural lull the momentum
of business is again increasing, says
the weekly trade summary of r. G. Dun
e. Co., but there is no repetition of the
feverish buying recently witnessed.
Both domestic and foreign requirements.
Notwithstanding previous heavy purchases
remain extensive. but competitive bidding
has largely subsidized. and the general situa-
ton ia clearly more wholesome. Doubts re-
garding future supplies and prices cause
hestancy in many quarters, and some buy
ers who are covered well ahead hold of IN
anticipation of concessions yet where needs
are pressing the element OF cost Is still
little considered and premiums continue
effective if special advantages on shipments
are possible. Delivery problems. however,
do not appreciably lessen, and storms and
foods in some sections nave added to the
difficulties of producing and Transporting
interests. Materials and merchandise in
many instances proceed slowly to points OF
destination, and in some cases the retarded
freight movements influence prices, which
ten6 mainly upward, iorty-three advances
snd nineteen declines appearing this week
in the list Of 331 wholesale commodity
quotations. All recognize that readjust-
ment must ultimately follow. but demands
are sustained in such volume, and sup
plies of many articles are so limited that
there is now little evidence Of yielding.
Bradstreet's review calls attention to
the fact that trade for nearby delivery
broadens 20 the tune Of higher prices
and fears of insufficient supplies, but
buying Of staples for fall shipment pro-
ceeds in rather cautious manner. recur-
ring peace talk, as we'll as high costs,
being the chief influences.
While high prices elicit widespread COM
plants at the moment, activity reGns in
wholesale. retail and iobbing lines with
buyers becoming more numerous az tina
leading markets. and with retail distribu-
ton stimulated by cold weather, IA well az
by clearance saler. Drygoods. shoes and
clothing reflect noteworthy activity At most
markets. Labor IL more than well en-
ployed at record wages and IN consequence
consumptiye requirements are heavy, while
there is less said about high prices reacting
upon demand,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
Money an1 Credit

Money on call at the New York Stock
Exchange was in liberal supply yestcr-
day, and the ruling rate was fraction
lower, at 1$t per cent.
Pronounced case continues in the
market for time funds on brokers'
Stock Exchange collateral. The demand
is only fair. Rates for loans on mixeo
collateral were quoted yesterday at %.
to per cent for sixty, ninety days and
four months; 50 per cent for five and
six months; on industrial collateral. 3
per cent for three, four and five
months; ga per cen. for six months.
Ruling rates OIL money yesterday,
compared with a year ago, we're as fol-
lows.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27

A Pittsburgh manufacturer would
not think of sending a Chinese who
could neither speak English nor
had any knowledge of the local con-
ditions 10 sell his goods in st. Louis.
He would probably regard any one
suggesting such an arrangement as
being somewhat off balance men
tally. Yet American manufacturers
have been going after foreign trade
in a way that in many instances
seems no less absurd. Statesmen
speaking nothing but English and
wholly ignorant Of conditions out
side the United States have been
sent to China and to other countries
in the expectation that they would
get the business just as they would
If sent on the road in this country.
That they have failed more often
than not was only to be expected.
Fortunately, those interested in the
promotion of foreign trade realize
the folly of such tactics, and recent
~ have endeavored TO establish ia
cilities for the training of men for
career in foreign commerce. Now
the United States government is 10
aid the movement. Addressing the
National Foreign Trade Convention
at Pittsburgh, DR.. +. +. Pratt, of
the Bureau of Foreign and Domes-
tic Commerce, said that foreign
trade employment exchange would
be established to put men qualified
for the work in touch with export /
ers. That is a practical way of as
sisting in the intelligent promotion I
of foreign trade, but not much can
be expected 70. vesult from the plan
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
M WEALTH MARKETS AND COMMERCE A$

English banks ought TO open banks
abroad, and that the British govern
ment ought TO secure such facilities
from the United States and other coun-
tries for English banks as foreign banks
have obtained here.
He also strongly urged that Great
Britain should adopt the metric system,
saying that otherwise she would be
placed at s great disadvantage in trade
and commercial competition with other
countries.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
The Dollar in Foreign Exchange

Italian exchange rates recovered
sharply yesterday. The quotation for
lire, which touched a low record of
7.2O TO the dollar early in the week,
rose to 7O6 on light dealings. The
uptuin here followed improvement in
the Italian exchange situation in Lon
don.
German marks continued the upward
movement begun on Thursday. The eX-
change value Of four marks went to
70lS cents, against 6sss the day before.
The increased inquiry for marks is que
LARGELY 10 a renewal of German iqui-
dation of American securities.
Closing rates yesterday. compared
with week ago, were as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
Japan's Merchant Marine

The total number of steamers on the
japanese register at the end OF last
year was AIS, with an aggregate gross
tonnage of 1,428,2l2. The Nippon fusen
Kaisha, the leading japanese shipping
company, owned ninety-eight steamers
with a gross tonnage Of 456,2ss. fry,
eight ships with gross tonnage o.
1851 were owned by the Osaka sa0'
sen kaisha.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
Other Cities

Boston Coppers Boston, Jan. %
Prices of copper shares held steady on
the local exchange to-day. Demand
was restricted to a comparatively few
issues and the volume of sales was
small. The close was generally easier.
Allouez. 81; Copper Range, 66la; Old
Dominion, 81.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27

The above rates express the cost o
foreign money in terms of the Ameri-
can dollar. You buy an English pounG
sterling for si.75%; the intrinsic par
ity is sl.S6Ss 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 to
settle accounts in England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
Fr;doy, January s6, 1917.

The railroads have proved case
against themselves. They have
demonstrated in a most convincing
manner what every one else kne"
before-that in the past they have
managed their equipment poorly;
that their cars and engines have not
been made to do all the work OF
which they were capable. For years
the railroad managers we're crlti-
cised on the ground that only two
fifths Of their freight car capacity
was utilized and that greater car
mileage was possible, but apparently
no serious effort was made to pro-
duce a better showing. So long as
there were plenty of cars available
for the transportation of goods, they
would see no reason for attempting
TO increase the car load. But when
the traffic congestion, incident to I'M
exampled prosperity, became so
acute as to cause a cry for more
cars to be raised by shippers in al!
parts Of the country, the railroads
were moved to see the need for ac-
ton. They could not furnish addi-
tional cars, for the very good rea-
son that the car building companies
were too busy filling war orders TO
deliver quickly new cars in sutf-
Gent numbers to relieve the situa-
ton. Therefore, the necessity for
getting more work out of the cars
already in service was forcibly
pressed upon the minds Of railroad
officials, and under this pressure an
important increase in car perform
ance has been achieved.
Figures published in the current
issue Of "The Railway Age Ga
zette," covering forty-six systems.
with 90 per cent of the total
railway mileage in the country,
show that the average miles each
freight car was moved per day
in the last fiscal year were per
cent greater than in 1918, when the
previous record was established,
while in September, 1916, the aver
age miles per day we're II per cent
greater than in the same month of
1918, thus indicating steady prog
ress. An increase of 8 per cent IL
car efficiency is, "The Gazette
says
equivalent to an increase Of 10000
in the number Of cars, and an
increase Of Il per cent in efficiency
is equivalent TO an increase Of $751;
600 in the number Of cars.
And further:
It IL reasonable to assume that If
statistics were available for the rail
ways having the remaining one-third
of the mileage of the country they
would show a proportionate increase
in the rapidity Of car circulation. On
this assumption, the mileage made a
car a day on all the railways OF the
United States in the fiscal year 1916
was at least 81 miles, as compared
with 24ls miles in 1913. The aver
age capacity and the average load
car was also greater than ever be
fore. The average capacity increased
from 80 tons in 1913 TO 40 tons in
1915, and probably was Al tons in
1916, and doubtless there was 4 ma
terial increase in the average load
car between 1913 and 1916.
The gain in average loading is
particularly significant, because the
81. C. l." problem is perhaps the most
important one the railroads have to
solve in their struggle to attain
greater efficiency.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
New York

Citizens Central National Bank
Chsnge.-The directors of the Citi-
zens' Central National Bank have called
special meeting Of the share
holders of the bank, to be held
on February 90, to ratify tho
recommendation Of the board that the
name of the bank be changed to "The
Citizens National Bank of New York. "
The bank is operating under the char
ter of the old National Citizens Bank,
which was founded in 1851 and incor-
porated at that time as a state bank,
with a capital of S350,0OO. In 1866 it
became a national bank under the title
of the National Citizens Bank. In
1901 the National Citizens absorbed
the Ninth National, and in March,
1904, it consolidated with the Gem
trail National, adopting the name
Citizens Central National Bank II
row has capital and surplus Of 81
$4,000 and undivided profits Of
$4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27

until steps are taken TO add to ex-
listing facilities for education along
the lines desired. As yet they are
inadequate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27

Commercial Psper.-The demand for
commercial paper is somewhat better
and rates show renewed ease. Prime
regular maturities are now selling for
the most part at 81 per cent, with
some trades at per cent.
Official rates Of discount at each OF
the twelve Federal districts are as fol
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
Dividends

Republic Rubber.-Regular quarterly divi-
payable February l TO stock Of record jan
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27

Sub Treasury. -- New York banks
gained from Sub-Treasury s191 900.
Silver.-Bars in London, 37Is pence;
New York, n cents; Mexican dollars,
59ls cents.
Gold Movemcnts.-Go coin to the
amount of ss25,OOO was withdrawn
from the Sub-Treasury yesterday foi
shipment to Argentina.
Weeks Money Currents Reported
movements of currency this week in
dictate loss in cash by the banks of
about $2O,OOO,OOO, the first in several
weeks. The drain TO the interior has
apparently been resumed through the
channel Of the Federal Reserve Bank.
Bank Clearings. Heavy settlements
through The banks reflect sustained
business activity in all parts of the
country, total clearings this week at
the leading cities in the United States,
according TO +. G Dun & Co., amount
ing 10 $4,779,8 ,402, an increase of 2O.S
per cent. compared with the S3,958, $780,
or in the corresponding week of 1915
Canadian Bank Statement.--Thep rin-
cipal items in the consolidated monthly
statement Of the Canadian chartered
banks. showing their condition on De-
cember 80, 1915. compared with d year
ago, we're as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27

cents, together with the intrinsic gold
parity, as calculated By the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
News Digest
Foreign

Money Firmer in London. Lordon,
Jan. 26. Money. is becoming scarcer as
applications for the war loan increase
The Bank of England is holding sup
plies back to maintain rates, and u Is
expected tighter conditions will prevail
soon. Another concession has been an
nounced TO popularize the war loan,
namely, the abolition Of practically all
transfer fees on government securities.
The order TO commanders foreign Sc
curities TO maintain exchange rates did
rot surprise the financial district, as II
is known that large amounts are still
feld privately. The lists for the $40.
100000 Russian Treasury notes closed
we'll subscribed. The stock market was
quiet. Consols declined again, but
home rails were good on dividend an
nouncements. The other sections were
dull, including the American.
Money 312 per cent. Discount rates
short and three month bills 5G5b per
cent; gold premiums at Lisbon 5000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
Consolidated Exchange Elects New

Members.-John n. Frobisher, James
J. Morgan and Osborn E. CLANCY have
been elected members Of the Consoii-
dated Stock Exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27

Textile Trade Situation. pres
ent situation in textiles and allied
lines, says "The Dry Goods Economist
may be summed up in the statement
that both buyers and sellers are aversc
TO committing themselves any further
ahead than they can avoid. It is rccog-
nized that the underlying conditions
are strong, but the difficulty Of fore
casting future developments is so great
as to have very potent influence. In
many cases distributors are pushing
manufacturers hard for the delivery of
goods on order. and there is no doubt
that in some lines this apprehension
as to inability to get just the right kind
of goods when they will be needed IS
justified. As a general rule, prices are
firm. In the cotton branch, however,
lower prices for yarns continue. A
softer tendency is also noted in cotton
fabrics of print cloth construction,
wherein mills show more readiness to
accept orders for future delivery.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27

Paris Bourse.- Paris. Jan. 20.
Trading was light on the Bourse to-
day. Three per cent rentes, 81 francs
% confines for cash; exchange on Lon
don, 81 francs 81 >. confines; > per
cent loan, So francs 50 confines.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27
LEtna Lie Increnses Assets. AZ nc

lEtna Life Increases Assets. the
end OF 1916 assets of the Etna Life
Insurance Company amounted to Sl3l,-
eos ,624, an increase of s7060,0n. New
life insurance was issued for Sl2l, 49,
164. Payments to policy holders
amounted to s17,97t ,43l. The amount
of life insurance in force on the
company's books January 1 was
1857, 545,656.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-01-27

Acquires Bond Business. -The Ma
tional City Company has taken over tho
municipal bond business of Amos G..
Sudler in Philadelphia Mr.. Sudler has
become associated with the company
and will open its Denver Office on Feb
rUary /.
Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1917-07-19

War Department cheerfully accept
ed the offer of the Knights Of Column
bus, to give all possible assistance to
the soldiers of the American Army.
Social Centers will be established at
all of the training and expansion
camps and also comfort stations will
be established near the scenes of the
European battle-felds. These social
centers and comfort stations will be
open to all of the soldiers located in
such camps, regardless of creed.
The War Departments decision to
accept the offer of the Knights of Co
lumbus is undoubtedly due to the ex-
cellent work performed on the part of
the Knights of Columbus and the
Y. NJ. c. A, on the Mexican borders
last year, and the success of those
experiments there has prompted the
War Department to allow the present
arrangement.
To erect the necessary buildings and
to equip and maintain the same will
require an immense amount of money.
The Knights of Columbus Supreme
Council has asked for a contribution
of 81 100000 from the members of the
order, for this purpose, and this sum
s now being raised among the men,
Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1917-07-19

New York City. For five years he was
the principal of the Volivar, New York
high school For two years he was the
principal of No. Jr., High school in
Rochester, n. Y. In 1905 he married
Miss Evelyn Ward of Rochester, n.
Y, Miss Ward being a graduate of
music of the University of Syracuse.
They have two boys, Ward age 4, and
Richard age one. He has now come
west to the Nekoosa-Edwards Paper
Company to familiarize himself in the
of paper and to special
ize in the making of sulphite and sui
phate pulp. He and his family will
be cordially received in the business
and social circles of Port Edwards,
Nekoosa and Grand Rapids, where we
sincerely hope they will find pleasure
and profit. While Mr. and Mrs. Rose
bush may find considerable difference
in the business world in the west, they
will not find any difference in the cor
diality that they will receive from the
good people in this part Of Wisconsin.
We extend to them a cordial greeting,
and a hearty welcome.
Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1917-07-19
SAMPLEBALE
Of COTTON

Wednesday morning the mail brot
to the Wood County Reporter office a
small bale Of cotton, put up to initiate
the regular size in which the cotton
is shipped from the southern ware
houses. 1t is very neat little pack
age and it is on display at our office
where anybody, that never has seen
bale of cotton can do so and get a
very correct idea from this sample.
How it is done up and handled. Cotton
is now bringing about 26 cents in lent
that is after the seed has been taken
out and put in bale form. Each bale
weighs about 500 pounds so you see
that the farmer Of the south gets a
bout $3.50 an acre for his product. But
OF that tho he has to pay from S1.25 to
S1.5O for hoeing, one man hoeing an
average of three acres day-three
different hoeings for the year. On
top of that he has to pay for the pick
ing which is a $1.00 for 100 pounds.
After paying all expenses the farme-
can clear from $75 to 800 per acre.
We understand that the prospect for
this years cotton is the greatest in
the history of the south.