davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21
New York Central
Earnings Up to
$3.50 a Share
Increase in Traffic Reaches
Point Where Some Bust
ness Is Improbable

An increase of S33,672,715 in gross
earnings and a gain of s13,163,559 in
operating income is reported by the
New York Central Railroad Company
in its annual statement, out to-day.
The surplus earned for dividends was
S45,659,217. equal to 1873 per cent on
the S249, 59O,46O capital stock outstand-
ing. compared with Ill per cent earned
in 1915.
OF tho total revenues aggregating
1901 ,5S5,04S the amount saved for net
after taxes was S63.34i,O17. OF the in
crease of S2O,344,024 in operating ex-
penses Si,366,95s was for maintenance
Of equipment, S1,s31,6 Gil for mainte-
nance of way, and S13,071 1852 for
transportation. The principal item of
increase in the latter was for fuel for
locomotives.
Traffic Gain Becomes Burden
Earnings from freight operations
during 1916 were 1927, 6,1O1, an in
crease of S23,5SS,O1O Passenger rev.
enues advanced from $4O,107752 in
1915 to s45,521, 1928 last year. Com
menting on the years operations Al
fred II. Smith, president of the road,
says:
"The year 1916 was remarkable In
many ways. The extraordinary bust
ness pressure growing out of the de-
mand for munitions, foodstuffs and
other materials for export produced the
largest traffic in the history Of the
road. For a part of the year this
growth in traffic was profitable, be-
cause the plant was adequate in con-
dition and capacity. With the conges-
ton of terminals which later devel-
oped, however, together with many
changes in the markets reached by va
rious productions upon our line, we ar,
rived at a point where additional bust
ness was sometimes Improbable be-
cause efficiency involved a dispatch OF
business and cooperation by patrons
that did not develop ratably with the
demand for transportation"
Terminal Facilities Needed
Pointing out that the causes for this
condition were beyond the company's
control, Mr.. Smith says the impressive
fact Is, therefore, that for additional
growth of traffic beyond that witnessed
during the year 1916 there are re-
quired in many places large invest
ments in terminals and other facilities
that will need extensive financial pro
vision when reached. This need, he
adds, has been made all the more i'm
perative as a result of the increase in
wages to the railway trainmen.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

ANDREW J. MCCORMACK, Auctioneer'
REGULAR AUCTION SALE,
STOCKS AND BONDS,
Nv ADRIAN III. MULLER 4 son,
WEDNESDAY. APRIL rs, 1917,
at 1880 o'clock at the
r..r EXCHANGE SALESROOM
NOS. - AND IS NESEY STREET.
For Account OF Whom IL May Concern
66 shs. Crownshield Trading Corpora
tion.
81 shR w F. Seitz & Co.
IS shA Gibraltar Realty Co.
20 shs Bank Of New Castle, New Cas-
tie.
Rwy. 5Ts Notes due 1914
50 shS International Motor Truck
Corpn. LIST prefd. Temp. Gifts
20 shs International Motor TRUCK
Corpn common Temp. Gifts.
f6s, 600 White Rats Realty Co. LIST Mtg. So
Gold Bonds. Ia Of principle Of each
bond due Jany. l, 1919, 1926 &
1882.
$4,000 oregon Electric Rwy. LIST Mtg. 81
BIDS. due 1898.
$4,000 American Graphaphone Co. GO
Serial Notes. due 1924
$1,000 Keokuk Des Moines Rwy. Isl
Mtg. go BID, due 1928.
li5 shs Horn Silver Mines Co.
100 shs NJ Rumely Co. common (Olt
stock Assmt. Unpaid.
100 shs Pope Manufacturing Co. com
mon (Old Stock Assmt. Unpaid.
81. 900 Wabash. Pittsburgh Terminal Rwy
End Mtg. so BIDS. due 1854, Cit o
Dep. (Assmt. Unpaid.
800 shs. Brooklyn City T. Il.
100 shS Toledo, st Louis & Western
Il. r. Ctf OF Dep.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21
Relevant Facts

CAPITAL of Standard Oil Companies
The authorized capital stock OF the
former Standard Oil subsidiaries at
the present time is 80 per cent greater
than the capitalization at the time OF
the dissolution decree, six years ago.
According to Dow, Jones & Co., the au-
thorized capital stock of the group now
amounts to $500, 665, 900, compared with
1887 1881 $50 at the time of the dissoiu-
ton. The greatest increase has been
made by the Standard Oil Company Oh
Indiana, which has expanded its capital
stock $500 per cent. There are three
companies, the Standard Of New Jer-
sew, the Standard of Indiana and the
Standard of California, which have
outstanding capital stock aggregating
S10O,OO0000.
General Chemical Company.-ke-
ports for the quarter ended March 81
last show total profits of S2,Sl1,9oo'
compared with $2,S93,s2S in the CORE
spending quarter of 1916. After the
preferred dividends there remained
balance available for common stock
dividends of s2,5S9, 1886, compared with
50, ,S04 a year ago. The final sur
plus after all charges, including depre-
citation, was s1,7OO,1S4, against $685.
145 a year ago. The decrease in total
profits is attributed by officials OF the
company to the difficulties of railroad
transportation during the period.
Brooklyn Rapid Transit.-Gross
operating revenues of the system for
the nine months ended March 81 last
were $21 ,S78, 135, an. increase of $1,27l,-
$50 over the corresponding period OF
1916. Net income from operations was
S9,316,7O4, an increase Of s39O,sO5 over
year ago.
New York, New Haven & Hartford
Stockholders who have brought suit
for $165,000,00O against former d.
rectors of the road for restitution
won point yesterday when Cir
cult Judge Charles NJ. Hough in an
opinion filed in the Federal District
Court denied the motion made by Will
lam Rockefeller and the other defend
ants to strike out either the whole or
certain portions thereof of the amend
ed complaint in the action. Judge
Hough stated, however, that as the bill
submitted by former United States Dis
trict Attorney Henry A. Wise does not
give the particulars required in re-
spect TO the dates of the New Haven
acquiring subordinate or subsidiary
corporations and the amounts paid
therefor the defendants are entitled to
that information and directs that il be
furnished them.
In making these rulings Judge
Hough. in part. said:
at seems probable that the framing
of the exhibits arises from firm adj
herence by the plaintiffs to the theory
Of conspiracy to accomplish n result
obnoxious TO the Sherman act and sun
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21
Finance Economics
Friday, April 20, 1917

The volume of business moving
currently apparently has not been
checked in the slightest degree by
the existence of a state of war. On
the contrary, the turnover tends to
increase as the speeding up process
is applied to government orders. Nor
is there any indication that a slack
ening of business activity is in pros
pect. It is true that merchants and
manufacturers show some DISPOSE
tion 10 be cautious in making for
ward commitments, but that is moth
ing new; the same condition has OK
listed for several months. 1t has had
little effect so far, because industry
is in such an oversold condition that
it is difficult TO fill day-to-day de-
mands which, reports Of the COM
mercial organizations indicate, are as
heavy as ever. AS the demand for
materials required for national and
international use increases, a certain
amount of the current orders from
private consumers will have to be
pigeonholed, but as many of such or
ders will hold good for future de-
! livery, they provide a sort of IN
surance against sudden contraction
of industrial production when the
war demand comes to an end. Mean
while, active employment of labor,
capital and industrial plant seems
assured for long time to come.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

were elected directors Of the s,'s
Gold Mines Company, in place y ~. J.
Gilbert, deceased, and W. X; CesIs
]. NJ. Sully was elected a dir'sla
the Chino Copper Company, sle's .,
ing B. Hochschild, and L. $. csis' y, !.
elected to the Ray ConsolidsIss y. ".
per directorate, in place OF A. caHA
Realty.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21
u. S. Treasury Finanee'

Washington, April so.--co %, LES. v
the United States Treasury :, !, xss,a
day showed: Net balance y s.
fur fund, sso.74a,s4s; total i rs. ss,Jfs
ets,s9f; total payments 4 sii
The deficit this fiscal ysA ssx2,as
e2s.ss,, against deficit . o. a.
last year. exclusive OF
and public debt transse''0''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21
Elections

At the annual stockholders meet
ings of several copper companies yes
terday the following changes were
made in the boards: Steven blrch'
president of the Kennecott Copper Cor,
poration. was added to the board OF
the Nevada Consolidated Copper COM
pany. J. B: Hardon and B. L. Thans
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21
New York

Bankers Trust Company Wins De-
cision.-The Appellate Division Of the
supreme Court of New York State yes
terday reversed decision of the lower
court which granted an injunction to
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

Gold Movements.-TheS ub-Treasury
transferred 81 100000 to San Francisco
yesterday. That amount of gold will
be shipped to Japan for the account of
local bankers. In recent days approx
mately $4,000 900 has been taken for
export TO Japan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21
I.;vernool Cotton stat''p \

Liverpool. April sO--M y go W
statistics: Imports, "a a0e: W
American $4,000; stock, os y "a: ~
lean. $50 900; forwsrde &C.. az ~
;ean' 5000; exports, zoV' ~
30 600 600 Amerieaa. s7.ooo. rs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21
COPPERS
Too high or too low? How to
Judge them.

The article in the ourren, ISSUE OF
Th. Investment Weekly Will be Of value
TO YOU in making your decision. Other
features include Industrial Alcohol. Amen-
can Bee, Sugar. Virsinisn Railway. Denver
Gas & Electric. Prof. Johnson OF U. OF
Penn. on Federal Regulation, Law for tho
Investor. Investing for Business Reserve and
1875 news items. Ten cents a, all news
stands or thirteen issues oy mail for a
dollar bill AZ Bwy, New FORK
The Investment Weekly Dept r
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21
Worlds aluminium Output

The present capacity of the various
aluminium producing countries Of the
world, taking into account the new
works under construction, according to
an article in 'LEeho des Mines" OF
Paris, is as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

If any additional evidence were
needed of the continued prosperity
of the steel trade, it would be found
in the first quarterly report of the
Republic Iron and Steel Company.
The balance available for dividends
on the common stock, $3,909,777, was
equal to 14.4 per cent, or at the rate
of 57.6 per cent a year. Before ar
irving at this figure, however, there
was deducted from earnings $1,O31,-
59S as a contingent reserve for the
payment Of taxes on excess profits.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

The danger that the American peo-
pie will economic too much, and
thereby bring about a serious reduc-
ton in the volume of trade, seems
rather remote. After two years of
intensive education, it is said that
only a small proportion of the Eng
lish people have awakened to the
need of saving. The American peo-
pie are much more extravagant, and
though they will probably make a
better response to the propaganda
for saving than did the phlegnatic
Englishmen, they are hardly likely
to acquire the virtue of thrift in an
extreme degree except under the spur
Of hard necessity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21
CORPORATION Returns

Nipissing Mining Report FOR I
ended December 81. 1915, shows sufpS a.
ings of s2,02S,S66, equal to ssliif'
on $500 shares Of capital stock. IA,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

Though there is nothing final
about the Commerce Commissions
order for a IS per cent increase in
freight rates, Wall Street construed
the news favorably, and many Of the
active rail issues closed the day with
fractional gains. This was in sharp
contrast with most of the industrial
issues, which declined, for no more
substantial reason than that the mar
ket is largely confined to profess
sional traders, and a majority of
them are pessimistic at the moment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

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, 1917-04-21

The consumption Of the United
States in 1915 is stated at $4,000 tons,
against 10000 tons in 1914. The writer
believes that the aluminium industry is
certainly preparing 10 play a very
active part after the war. not only Ia
construction OF automobiles and aero
planes, but in other industries. A large
Geld Is the use Of various aluminium al
Toys. A great future is predicted for
the metal as 3 competitor OF copper
and even Of tin plates.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

Currency ACKNOWLEDGEMENTS move
ments of currency during the week in
dicate a loss in cash by the banks of
approximately s7O,OOO,OOo, due largely
to Federal Reserve Bank collections
through the Clearing House. Each day
this week the Reserve Bank has been
heavy creditor, its credit balances to-
falling approximately s5O,o00,0OO. On
operations with the interior the banks
gained 100000. On operations be-
tween the banks and the United States
Sub-Treasury the banks lost nearly
S20OOO.OOO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

The above rates express the cost of
foreign money in terms of the Ameri-
can dollar. You buy an English pound
sterling for s4.75ss, the intrinsic par
ity is s4.S6Ss per pound. Thus, you
say either that pounds are at a dis
count or that dollars are at a 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, 1917-04-21

Bank Clearings.-Bank clearings this
week amounted to $5,259, 604,277 at the
principal cities, according to R. G. Dun
E. Co. This was an increase of 29.7
per cent over the corresponding week
Of last year and 61.2 per cent larger
than two years ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

Commercial Paper.-Prlme sIA
months bills are moving at AZ per
cent, with the volume of business re-
stricted.
Official rates of discount of each Of
the twelve Federal districts are as fol-
lows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

Sub Treasury. - New York banks
lost to Sub-Treasury s1,002,262.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-21

Silver.-Bars in London S7is pence;
New York, 747s cents; Mexican dollars,
57A cents.
The labor world. [volume] (Duluth, Minn.) 1896-current, 1917-03-17
GAMBLER IS BITTER;
CHARGE IS TREASON

Charles E. Lewis & Co., Minneapo-
lis brokers'. with offices in this city,
wired the following dispatch, which
was published in The Duluth Herald
last Tuesday,:
THE threatening attitude of rail-
road leaders and railroad men has
had bad effect on the market lately
and 1t looks as though we were going
to have this unpleasant feature hang
ing over us for some time. OF course.
II the railroads are going to be tied
up with a strike, or if there is a pos
sibliity of one in the future, nobody
wants to be carrying much grain or
anything else and everybody is get
ting cleaned up. Personally T do not
see how the railroad men can strike
at this time, as it would be little short
OF treason, in my opinion, and I think
everyone of them should be stood up
against wall and filled with lead, but
If they have it in their head they want
to strike, guess the only thing to do
is let them go ahead after it hard and
get a good, sound licking. In the
meantime it has driven everybody out
OF the market, and as see it now,
most spectators are sitting on the
fence looking or waiting for the situ-
alton to clear up: It would not make
any more wheat in this country, but
1t would prevent it from moving out
and 1t creates a decided feeling of I'M
rest and uncertainty"
The labor world. [volume] (Duluth, Minn.) 1896-current, 1917-03-17
TRADES ASSEMBLY OPPOSES
MILITARY TRAINING IN SCHOOLS
Adopts Resolutions Protesting Against Introduction In Du-
luth-Zmsmaster Smith Trouble Approaching
Settlement Armstead Letter Read.

structed by his union to report that
John T. Armstead, candidate for
mayor, had been an opponent of labor
IN the past and that he was alleged
to be an open shop advocate. A let
ter written by Mr.. Armstead to the
Open Court Of The Duluth Herald on
October Z, 1912, during the street car
mems strike, was recalled as being
recorded on the minutes of the as
sembly and, after some objections by
few delegates were overcome, was
read by the secretary.
w. j. butcher, o. E. Thompson and
Peter Schafer were appointed on a
committee to investigate the merits of
the Jones' tax bills, and were in
structed to report at the next meeting.
Organizer Gorton of the Hotel and
Restaurant Employees and Bartenders'
international league addressed the
delegates briefly.
A motion to send a letter Of appre-
citation to Ex-senator Moses Clapp for
his stand on the armed ship bill was
defeated.
Delegate butcher invited the dele
gates and members of the various
unions to the dance to be given on
March 9th by the musicians.
The labor world. [volume] (Duluth, Minn.) 1896-current, 1917-03-17
ENDORSES SACENC
AND JONES BILLS

The March meeting of the Allied
Printing Trades Council was held
Monday evening at the Lowell block
with President Dworschak presiding
and a full attendance of the delegates.
A large amount Of important business
was transacted.
Contracts for the use of the union
label were signed with the Finnish
Daily Publishing company, o. r. Col
lier, and the Consolidated Stamp &
Printing company. The council will
The labor world. [volume] (Duluth, Minn.) 1896-current, 1917-03-17

institute brisk campaign to a,quaint
business firms with the label and to
create a demand for it's use.
The council Endorsed the bill intro
duced In the legislature by Senator
sageng allowing women to vote for
The labor world. [volume] (Duluth, Minn.) 1896-current, 1917-03-17

POLITICAL ADVERTISEMENT
Inserted by E. L. Kimball, in behalf
of J. A. P. Neal, Candidate for Judge of
Municipal Court. Amount to be paid,
1915.
The labor world. [volume] (Duluth, Minn.) 1896-current, 1917-03-17

presidential electors, and also ap-
proved the tax measures introduced by
Senator Richard JONES' and will COM
municate with the Representatives and
senators from St. Louis county, urging
them to support these bills.
The labor world. [volume] (Duluth, Minn.) 1896-current, 1917-03-17
]. A. P. neal

is well qualified for the above office by
education, legal training, actual practice
and temperament. He has been engaged
exclusively<in the practice of law in the.
city, of Duluth since 1908, and has made
q. good record in his work before the SUI.
preme court Of this state. He stands for
q square deal for all,
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1917-12-21
Buttons a Rx.Produet Of Beer.

The spent yeast which collects In
brewerles and dlstilleries Is put
through process which turns 1t out In
the form Of buttons, door-bell plates
and knife handles. Formerly this left
over material was considered to be a
bothersome waste; now 1t Is utilized,
every bit Of 1t. As 1t is gathered from
the watts the yeast is of dirty, gray
brown color. The first operation is to
dye 1t and then to work 1t over until 1t
assumes the form of powder and can
be hot-pressed into any form. In this
stage 1t is called "ernolith." 1t may be
sawed, scraped, filed, drilled, engraved,
turned to an edge and polished.-Popu-
Lar Science Monthly.
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1917-12-21
Glen MCGi|Wa Turns Down
the Union
TO BECOME STRIKE BREAKER

The officers and members of 10.
cal Metal Polishers' Union No, 43
have received a letter from Chas
R. Asherton, General Secretary of
the international organization, in
which he encloses the past record
OF Glen McGilvra, a for,aer no III
Der of that union. Same few days
ago the secretary Of tht Polls hers'
Union wrote the internationalrse
retary for the record Of this man
MeGilvra who at one time worked
in this city at the polishing trade
The reason for their iuvestiga-
ton of his record is because they
say McGilvra is now working In
the Niles foundry as strike
breaker and is putting up at the
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1917-12-21

The Art World Magazine is willing
to admit that the public taste and
preferences in art is not to be despised,
and it thinks artists should consider
those preferences, 1t says:
San artist only honors himself when
he never loses for one moment the
thought of pleasing that great world
public. he should seek forever to
captiVate it, not merely by pleasing it,
but by pleasing it so much that 1t will
be delighted TO take off his hat to him,
thank the giver of all good things for
having created him, and honor itself
by mailing his name high up In the
temple Of fame. Thus he will win a
niche in the heart of mankind, which
means the immortal love Of the race.
The truly wise and great
artist digs down deep into the heart
and soul of man, there to sense II he
can what the race lis feeling, thinking
and longing TO have expressed for
itself-in the hope Of being enraptured
by the nobility of the forms in which
the artist expresses the things which
he finds there"
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1917-12-21
Raised Her Own curIs.

Elizabeth had accompanied her
mother down town on a shopping trip.
While mother was busy selecting her
goods Elizabeth wandered over to the
Office quarters. which were on that
floor, and stood looking into the win
dow of the cashiers cage. Noticing
the pretty golden curls of the child, the
cashier asked: 'Little girl, where did
you get those pretty curls?' Elizabeth
did not answer and the young man
again asked, In teasing way: where
did your mamma buy them?"
In scornful and emphatic tone
Elizabeth answered: 'sShe never
.buyed 'em: raised 'en"
The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1917-12-21
wnn 81 L. Col l4an.l.

One day >1S q uraer ia Munsey ;
Magazine. w6eu II payidson Of
the firm Of + Morgan & Co was a
teller in the AStor Place bank crank
presented dra for $1,000 and young
Davidson looked mp to see pistol
pointed ut him He smiled and com
menced 10 read the face Of lie draft;
'Astor Place bank ray to the order
of Almighty cod the sum OF $1,000
when presented hy Charles Freeman
DO you want il in dimes asked
Davidson in very loud voice and be,
gan to count The money Then the
banks policeman. whose attention had
been called to the situation by the tel
lers loud utterance, seized the half
crazy man from behind rhe telers
level headedness and nerve saved his
life doubtless.