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The Cordova daily times., 1917-04-23

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The Cordova daily times., 1917-04-23
PERUVIAN GOVERNMENT
 NIPs NAVAL REVOLT IN BUD
(By United Press)

LIMA, Peru, April 23. - Charges that a number of important officers were implicated in plot for a naval revolt are under investigation by the Peruvian government today.
 The conspiracy is said to have been matched in retaliation for the arrest of certain naval commanders. The ministry of marine gained an inkling of the situation and promptly dis mantled the guns on the warships. be. sides disabling the vessels engines by removing essential parts of each which were locked up in the arsenal under heavy guard.
The Cordova daily times., 1917-04-23
CT|O N GLACIAL STREAMS LIN
 GOVT. ROAD

NENANA. April 23. - It is diff cult for one who has never seen the antics of an Alaskan stream when the sun moves southward in the fall to realize the trouble it can cause. In the summer the ground in the Yu- kon, Panama and other valleys of the interior thaws out to depth of four to eight feet, under which depth there Is perpetual frost.
 When fall comes frost encroaches again until it finally reaches the sur face. Often this will occur before the first snowfall and the only sign of ap- preaching winter will be ice forming along the bottom of small streams. This causes the stream to overflow its banks and spread over the country, more ice forming all the time until it has increased to an unbelievable ex- tent.
 A stream normally two feet wide and six inches deep in a ravine ten feet deep will fill the ravine with ice spread out over the landscape, first on one side and then on the other un- ranging from twenty to one hundred feet wide. During the early fall and oftentimes in the winter the unwary traveller gets into these overflows and unless he is experienced in the ways of the north or receives help quickly he will be lucky if he does not lose one or more of his feet through fleez- ing. An attempt to cross a stream which could be pumped in the fall often results in a ducking and loss of life
 This condition is more noticeable at this end of the proposed Seward Fairbanks railroad than it is at the southern end, for near the coast much of the ground is entirely thawed.
 Railroad builders quickly discovered that where culverts should have been sufficient under ordinary circumstan- ces substantial bridges must be built to stan dthe vast accumulations of ice.
 With a view of inspecting these conditions, Jack Fulton, resident en- gineer of the commission at Fairbanks is making trip along the route from Fairbanks to Nenana and on toward Broad Pass. He estimates that be- tween here and Fairbanks there are at least twenty such places where the glaciering this winter has shown that the streams to be crossed must be trestled extensively, although previ- ous estimates allowed for nothing but q, 'yarts. " Tos ssa- -z-ssTfsye s,;,,auoad tho CO.,,
 Tendency q qsvoid tunnels wherever I s possible, of in bore when the sec hon of perpetual frost is passed and thawed ground found further in, this thawed ground gives forth water dur ing the winter. Keeping such tunnels from filling with ice in midwinter un- der Arctic conditions has been found one of the most serious nrojacts oon-
The Cordova daily times., 1917-04-23
GAIN CONTROL
 BRAZILIAN COFFEE CROP.
(By United Press)

RIO DE JANEIRO, April 23. - The next Brazilian coffee crop is estimated at between 12 and 13 million bags of 132 pounds each. The extraordinary feature about this crop is that about two-thirds of these bags will be bought, sold, shipped or otherwise handled for the first time by Ameri- can business interests represented here in Brazil. War and American en- terprise constitute the reasons.
 Of shipping for European ports, lack of financial support and the departure of Germans to their own country to fight opened the door for Americans to take the coffee business from the Germans.
The Cordova daily times., 1917-04-23
COPPER AND PLATINUM
 CONFISCATED
(By Associated Press)

LAUSANNE, Switzerland, April 23. The German authorities in Alsace. 1t is learned, have confiscated all the lightning rods in the district that con- tain copper, and have ordered the confiscation of all copper and plati- mum used for the preparation of light ming rods.
The Cordova daily times., 1917-04-23
ARMENIAN AMERICAN TO
 BE ESTABLISHED
(By Associated Press

PETROGRAD, April 23. - A pro ject is under way for the formation in Russia of an Armenian-American bank with a capital of 150,OO0,O00 rubles. The plan has been under discussion for some time between Armenian cap- italfsts in Russia and the Armenian bankers in America.
The Cordova daily times., 1917-04-23

The Eska creek coal mines, near Anchorage. is shipping 75 tons of coal per day, and expects soon to increase the shipments to 200 tons daily. The fuel Is now hauled three miles to the railroad, but the spur to the mine will be completed in the near future.
The Cordova daily times., 1917-04-23
FELLoWSHiFIN MINING
 OFF FED BY UNIVERSITY

SEATTLE, April 23. - Five fellow ships in mining and metallurgical re- search. each valued at $720 for a year of twelve months, are offered by the college of mines of the University of Washington in cooperation with the federal bureau of mines.
 so errShe ene- sotdsrofr 'pretnsnis in mining and metallurgy which are of special importance to the state of Washington and to Alaska and the Pacific Northwest in general.
 The fellowships are open to all graduates of universities and techni cal schools who are properly qualified to undertake the research work.
The Cordova daily times., 1917-04-23

Meals at TOlstoi's single restaurant cost $1.5O each, small apple or an orange costs quarter, cigars two bns, sugar 20 cents a pound, eggs $3O a case, mountain sheep and moose 60 cents pound, beef 50 cents a pound, and booze 50 cents a drink.
The Cordova daily times., 1917-04-23

The Fairbanks boy scouts have fit ted up new home on Cushman street which has finely appointed gymna- sium.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13
China's Need-Publicity

II the Chinese people are awake to
their opportunity they will take leaf
from the book Of Japan. and establish
publicity organization at home. and
better and more useful than that, they
will send 20 the United States few
men who can, by lecturing, speaking,
writing and otherwise getting before
the public establish a Chinese props-
gsnda. All the United States needs IS
to be informed about China. and who
should inform them IL not the Chinese?
The cost would be negligible. and the
results incalculable. China needs the
right sort Of publicity, and needs II
more than any other nation in the
world. II China does not take steps
10 put herself and hold herself before
the world in this regard China need
have no hope for the future: China
is done. for no country will voluntarily
take w the cause of China-no people.
They must be made 10 think about
China made to- Otherwise they VIII
neither think, nor eare.-The Far East
ern Review.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13
Utilities Could Aid
In Sale of Govt. Bonds

A patriotic measure which electric
utilities are well equipped 20 promote
the sale Of government bonds TO con-
'amers. By subscribing for block Of
these bonds and selling them at the
same price 20 consumers the companies
would be doing q great service TO their
country.
Department stores. drug stores, TO
eaceo stores and others have already
announced their intention Of acting
,or the government IN the sale Of
bonds 70 The public II their services
re needed. But with none OF these IS
re opportunity 20 serve the govern
'nent 30 great a. with the electric COM
pehy The expense will not be large.
raetleally all that viii be necessary will
letter 20 each consumer a. an in
.'Vsure with the monthly bill. which Is
'oSn 70 be mailed.
ohou!d the companies feel inclined.
W could offer 20 finance the payment
these bonds through instalment priv
sses and so promote a wider distribu-
"oh OF them Electrical World.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13
Government Orders
Feature Cotton Trade
Wages and Other Costs Still
Rising Rapidly; Prices
Very High

Cotton goods markets have ruled
generally very firm, the large volume Of
government orders being the chief feat-
IRE of recent trading Mills have again
advanced wages 10 per cent, and other
costs OF production continue rising.
Heavy cotton goods mills have all the
business they can take care Of, espe-
cially any mills that can produce duck.
drills. twills. wide sheetings and hos
pital supply fabrics.
Quiet continues in print cloth mar
kets. and some realizing sales on the
part of spectators have led TO slightly
lower prices on a few constructions.
The fine goods and fancy goods trade Is
still rather light, although mills are
we'll supplied with business for three
or four months TO come. Wash goods
lines in second hands and at retail are
10 be had at prices much under the cost
of replacement, especially any styled
fabrics that will not be reproduced Tor
another season in war time.
The sharp advance in bleached cot
tons have continued and colored goods
are very firm. Many lines Of ready-to'
wear cotton goods are quiet, parucu-
larly anything sayoring OF Injuries and
there is a readjustment OF production
going on. the tendency being toward
staple and seryiceable garments.
Prices are nominal in many cases and
are on a very high basis.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13
New York

Etna Explosives. Julius VI.
Mayer. in an order made yesterday in
the Federal District Court at New York,
authorized Ex-Governor Benjamin b.
Odell and ex-Judge George c. Holt re-
ceivers of the Aetna Explosives Com
pany, Inc, TO borrow money on receiv-
ers' notes for the purpose OF carrying
on the company's business. The order
does not FIX the amount of the borrow
ing, but specifies that the notes are 10
be secured by warehouse receipts. Bills
Of ladng or other shipping documents
or accounts receivable as collateral TO
an amount equal 70 or in excess OF the
notes in the discretion of the receivers.
The notes are 10 bear interest, Judge
Mayer says, and be payable at such
times as may be agreed upon between
the receivers and the banks or bankers
who may advance the money.
Judge Mayer further authorized Re-
ceivers Odell and Holt to consent TO
the cancellation of an agreement en-
tered into on December %, 1916, be-
tween the Aetna Explosives Company
Inc, and the Anglo American Cotton
Products Corporation for the purchase
from the latter of 24,000,000 pounds Of
bleached cotton for nitrating, and TO
enter into new agreement for the pur-
chase of 100000 pounds of cotton, 20
be delivered to them during June and
July. and TO exercise before June q an
option for the further purchase Of
100000 pounds of cotton, to be deliv-
cred at the rate of not less than $50 900
pounds nor more than 100000 pounds
per month after August next
The receivers have asked Judge May
er for permission to sell twenty-five
acid-carrying cars, owned by the Aetna
Explosives Company, Inc, 70 the Gras-
SELF Chemical Company, at the aggre-
gate price of S72,500, and for further
authority to sell twenty-five more OF
the same cars
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13

cents toward the end Oh the week,
where they showed depreciation oil
approximately 90 per cent from their
normal gold value OF Ok cents.
Mucn OIL tne selling that forced ruOles
OIL 50 SHARPLY came IrOm speculative
lOurces. international uanKing houses
winch might ordinarily have Deen ex-
pecJed to enter the market on the
Duyng side, thus Ousetung TO some
extent the selling pressure, nave been
.nchned 10 mold Oh penang the out
come Of deveiOpments IA RUSSIA.
some disappointment mas been coca
alOued among nOIqeTs OF ruDIe eX-
Cnange AZ the faLure OF the American
government 10 grant collar GREATS 70
Russla. Inc delay, apparently, Is due
20 Tie fact tnat the asnInston hu-
tuOuUcs are GcsIrOus OF earning the
character OF tne BOvenmenG wItn
Wmcn IT IS deanng DeIore extending
financial assistance.
inc lesumpt4Ou OF god imports on
DIl4sn account excited some surprise
lu DaukIus circies In view Oh the IaIge
l4cutls g.4nLtu 20 GlcaL Britain since
s- entered the war. Al had seHeTalIy
U,tu DcutEcG, however, that sooner o.
.4atcr tne DrILsu DauneIs wOuIu nave
~ resort ~ 4Iesn goa shipments lnIO
.n45 county 20 sllens .ucD Jne cledil
.asIs ana assist the maintenance o.
-AcuaLhe. mat The mOs cmenL mas al
lazy Uccu begun 4hUicatee, as LO4d
Ouuuue, governor o. Lac Dahh OF
lAs4dAu, kV4uLed out IN an interview,
-iat Steps nave already Deen taheh
.OHaId ketYIns the American money
..arkeL easy Nnue the OnIted states
.oseIumeH. IS borrowing IOr ItselL a.iu
.ne AAues. Al al S1o,VvV,VUV o. SO'u
..5 received duIns the weeh, anu
s-ciAug eAcnanbc RACES hardened.
rIehCn anu I.a4Iau eAcnanse nad the
....ctesC WccA III mOALn OF more,
.4ancs ana AIc moving wlLnln na1IO"
units. OLueE exchanges were seAeI-
a.4y steauy. LAcnaDse sun 4a'OIs
Japan ~ Z. wlde malsln, and as le-
sun me wees saw the Transfer ~ Dan
Francisco Of So,S76,OOO OF gold which
VIII be shipped 70 loKlo BY the next
steamship.
Ii YOU calculi te the cost OF the dollar
IN terms OF IoreIgn moncy-tnat -, as
II YOU were buyln. dOAars with pounds,
MARKS or francs-4t5 value at the close
OF last week, as compared with "a year
ago, would be LOout as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13
400 So. Miles of
Freight Piled Up
At Vladivostok
Munitions Formed a Large
Portion of Tonnage Con-
gestion at Russian Port

Congestion Of freight at Vladvos-
tok. eastern terminus Of the Trans
siberian Railway and Russia's chief
port on the Pacific. is so great that it
would require at least year to clear
up the situation provided no further
incoming shipments were permitted.
A representative Of the American Ex-
PRESS Company, who is making first
hand investigation of the Russian
situation, in announcing this condi-
ton reports that the total unshipped
freight at Vladivostok port amounts
to 5000 tons. The great bulk OF the
goods represents munitions, as Vladi-
vostok is now one Of the chief en-
frances by which supplies are being
forwarded to European Russia.
The customs warehouses were filled
long ago, and the construction OF new
ones is going forward as rapidly as
possible. Shipments are often stored
in the open, under guard.
Ii is estimated that the total area
used for storage purposes is about
400 square miles, and, except in few
isolated instances, it is impossible to
protect this large accumulation Of
goods from the weather.
Dockage Facilities Limited
Dockage facilities at Vladivostok
are somewhat limited During the
period from the end of March until
early in November, when the harbor
-,
not result in any considerable hard
ship, because the steamers can come
in close to shore and discharge their
cargo upon lighters. Although the
harbor seldom freezes solidly enough
TO make navigation impossible, it has
been necessary in the past 70 use ice
breakers TO keep open the various
channels, but this last winter the ice
has been thin and the steamers have
had no trouble in breaking their way
through.
The American Express Company's
representative says that if Nladlvos-
tok continues to hold the position Of
an important port it will be possible
70 construct sufficient docks TO take
care of any amount Of tonnage which
may arrive. At the outbreak Of the
war considerable construction wo-H
was going on, and is continuing. The
harbor provides miles of frontage for
docks and plenty of deep water.
Hardin Charges Prohibitiye
The alternative route into Russia,
via Dalny and Hardin, presents even
greater difficulties, especially after the
goods have arrived at the latter place.
Storage charges are so prohibitive
that no goods are left there unless
absolutely necessary. This means
trucking to private warehouses, where
space also is at a premium. Even
when shipping permits have been OBJ
tanned it is problematical when goods
will move, owing TO the limited num-
Der of cars, the majority Of which are
/ loaded with goods ordered forward for
! the government under instructions
/ from PetrOgrad.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13
Saturday, May 10, 1917

After it appeared that liquidation
had come TO a full stop, it started
all over again. In December the
market adjusted itself to the pros
pect Of an early peace. which failed
&c materialize. and a few weeks later
20 the prospect Of American partici-
patton in the war, which was real
lied, and in both cases the process
consisted Of a drastic slump in prices,
accompanied by heavy selling on the
part Of the public. Since then it has
faced many vicissitudes, but until
the last few days there has been
practically no liquidation, or, for that
matter. any public interest in the
market on either side. But through
cut the last week steady selling Of
Investment securities was in evil
dence. and, indeed, was the predomi-
rating feature of the market. Natu-
rally. in view of the fact that stocks
contained little Of the element Of in
fation which was present in a nota-
he degree when the December break
came, and 10 lesser degree in Feb
ruary. prices were not so much
affected as in either of the two pre-
ceding movements, and selling at no
time assumed alarming proportions.
But it was heavy enough, and per
sistent enough, to bring a gradual
decline, resulting in a substantial net
loss for the week in the average
price for a group of fifteen high
grade railroad issues. Compared with
the high average Of 1916, this group
shows a decline Of nearly 20 points,
while the industrial average has
fallen less than IS points. This is
the more remarkable because the
railroads did not figure Importantly
in the great war boom. That they
have declined even more than the
sensational industrial group is ex-
planned by the fact that in spite Of
good prospects for higher rates on
the greatest volume Of traffic ever
handled, large holders Of standard
railroad stocks have sold them heav-
ily. Transactions in railroad stocks
last week were equal to 20 per cent
Of total dealings, whereas for the
year to date the proportion is less
than u per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13
Relevant Facts

Pierce Oil Corporation.-This com
pany reports for the year ended De-
cember 81 last a net income after fixed
charges of sl,393,77s equal to s25l
share on the $4,000 shares outstand-
ing. In 1915 the company reported
only 81 cents a share earned on its
stock, and in 1914 there was a deficit
of SOL ,56l, owing to the unsettled con
ditions in Mexico. The report adds:
THE results Of the Mexico business In
1915 were much better than during the
previous year, the net profits being
1886, e0l, which, even under the con-
tinued adverse political conditions,
would have been much larger had suf-
hcient rail and water transportation
facilities been obtainable."
Duluth, Missabe & Northern Railway.
Total operating revenues Tor the
year ended December 81 were Sl4,3sy,-
277. compared with S9,909,549 for the
previous year. Other income brought
net earnings after taxes up TO $685.
2s4. an increase Of 1921 ,637. The
1916 surplus after charges was $685.
1863. equivalent 20 sl66.o6 a share on
4l,l25 shares Of capital stock, agalnst
Sll356 a share earned in 1915. This
company is controlled by the United
States Steel Corporation through own
ership OF a majority Of the capital
stock.
Vulcan Detinning.-Sales Of the COM
pany for the quarter ended March ~
were $751; 605, an increase OF s4s,ss3
over the corresponding period OF last
wear. Net profits after deducting oper-
ating and general expenses, repairs,
etc, amounted to S36,O5O, a gain or
Sl5,02l.
Western Union Telegraph.-Total
operating revenues of the company Tor
March, as filed with the Interstate
Commerce Commission, were s6,095, 500,
an increase Of Sl,llS,699 over the cor
responding month Of 1916. Operating
expenses advanced s6i60S5, to $3,375,-
O25. leaving an operating income OF
81 1925, an increase OF S377,532.
Wisconsin Central.-This line, which
is the Chicago division OF the Mime
apolis, St. Paul & Sault Ste. Marie, for
the calendar year 1915 had gross earn
ings Of Sl2 ,S95. 764. compared with $i2.-
POS .239 for the year ended June 80 last.
The surplus after preferred dividends
was s2,0dl ISL, equal TO $l2.7S share.
against SO 90 a share earned in the last
fiscal year All annual reports from
now on will be for the calendar year, to
meet the requirements OF the Inter
state Commerce Commission.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13

Industrial shares did not suffer so
much from liquidation as the rail-
road stocks, though the excess prof
its tax will fall more heavily upon
them than upon the railroads. If the
statements Of some of the railroad
leaders before the Interstate Com
merce Commission are accepted at
face value most of the railroads will
not be affected at all by the excess
profits tax, even if they get the 10
per cent rate increase. There is a
disposition, however, to discount
these statements somewhat. But how
ever the railroads may fare, it is APP
parent that a great majority of the
industrial companies will still have
earnings far in excess Of normal,
even after payment Of the proposed
increase in taxes. II is estimated by
a Wall Street statistician that after
pavment Of the tax the Steel Cor
poration will earn above $50 share
on the common stock in 1917, and
that Utah Copper will earn Sl5 a
share. or $50 per cent. These com
panies are, Of course, exceptionally
prosperous, but what applies to them
is also true in lesser degree Of many
other industrial companies. More
over. while there is no doubt that
business will undergo important re-
adjustments, the results Of which
cannot be foreseen at this time, 1t
seems certain that all, or nearly all,
industrial plants will continue to
work at full speed and at profits
which. while somewhat reduced, new
ertheless, will be satisfactory. In
dustry will not be stifed by taxation.
As TO the Russian situation, that
remains in suspense, and the epoch
making developments taking place
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13
Dividends

Atlantic Misunderstanding quarterly divi-
dend Of per cent, payable June 10 to stock
Of record May 49,
Federal Mining and Smelting.-Regulsr
quarterly dividend of ~ per cent on the pre-
ferred stock, payable June Is TO stock Of rec
ord May 22
Standard Milling Quarterly dividend Of
- per cent on the preferred stock. payable
MAY 81 10 stock of record May 2l. The third
instament OF per cent in cash and per
cent in stock Of the per cent dividend on
the common stock. declared on October 70.
1915, will be payable on May Il TO common
stockholders Of record May q.
Royal Mail Steam Paeket.-Dividend Of >
per cent. making a total Of 7 per cent for
1916, compared with per cent in 1915.
National Rehning.-Regular quarterly divi-
dend of IL per cent and the usual extra
dividend Of 2i2 per cent on the common
stock. payable May 10 to stock Vi record
May I.
Haverhill Gas Light.-Regular quarterly
dividend Of Sl.12i2 a share payable July ?
TO stock OF record June IA.
New Market Msnufaeturing.-Re Regular
quarterly dividend Of y per cent, payable
NAV Is 20 stock Of record May II.
Supple-Biddl Hardware.-Quarterly divi-
dend Of % per cent on the common stock.
payable May Is.
Sebright Rubber Dividend of % per cent
on the capital stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-05-13

in that country no doubt will con-
tinue to produce spasms Of nervous
ness on the Stock Exchange in re-
spouse TO the conflicting reports
which reach the floor every day. So
far the news has not been definite
enough to exert much influence on
the general trend of prices.