davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26
Increases Net Earnings
220 Per Cent in 1916
Cities Service Co. Reports Large
Gain in Revenues from Oil

Gross income of the Cities Service
Company, one of the largest public
utility organizations in the country,
jumped 1875 per cent in 1916, and net
earnings increased 900 per cent The
totals were respectively S10,t10,343 and
s7,202,302.
In the annual report issued to-day
the growth of the company during the
last five years is shown by the gross
earnings for 1911, which amounted to
only s965,s76, while net earnings were
S40O,645. The increase in income dur
ing 1916 is attributed largely to favor
able developments in the oil properties.
Gross earnings last year from oil
production and refining operations were
s4,537 ,227, as compared with s213,7sS in
1915. The revenues of the public util-
ity subsidiaries advanced from 1925
OBJ to s5,573,116 during the same
period
The sale of securities completed or
arranged for last year totalled $685.
500, in addition 10 which further secu-
rites became outstanding through ex-
changes or in the payment of dividends
totalling S21 ,0ls, 693.
The company's balance sheet shows
s3,l76.Q63 of current assets, against
s5s6,367 of current liabilities. Atten-
tion is called to the fact that there is
no funded debt aside from s73,32S of 5
per cent debentures, the holders of
which have not availed themselves OF
the stock conversion privilege.
Stockholders are asked at the next
annual meeting to ratify an amendment
to the company's charter insuring pro-
lection to the preferred stockholders
and also to authorize an increase from
s60,000,O0 to sl0O.000,O0O in the pre-
ferred stock and from S40,00O,0O0 to
$50, 600, 900 in the common.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26
Marconi Radio at
Disposal of the U. S.
Company Offers Plant and Or
ganization for Government
Use in Case of Emergency

The Marconi Wireless Telegraph
Company Of America announces IN us
annual report, made public to-day II
has placed its entire organization and
personnel, including its high power and
coastal stations, at the disposal of the
government for use in any emergency
The report of operations for the year
ended December 81 last shows a net in
come Of s3S6,OiO, before allowing for
reserves. compared with S2SS,994 IN
1915. Receipts for message traffic with
ships indicated an increase of 9 per
cent over the previous year
John W. Griggs, president, tells the
stockholders that the war conditions
preventing the operation of the com
pany's transatlantic stations remain I'M
changed. The British Admiralty still
holds for military purposes the English
plants constructed for exchange OF
traffic with this country. The continu-
ance Of the war has likewise rendered
10 impossible 10 lnsugurate direct
service with Scandinavia.
Service with Japan was successfully
inaugurated on November Is last, and
an increasing volume of traffic is being
handled, under government censorship.
On the Pacific, as on the Atlantic,
operations are restricted by war condi-
tions, the Japanese stations being con-
trolled by that government. For the
present therefore the new service is
limited to traffic between San Fran
cisco, Hawaii and Japan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26

A banker whose opinion Is highly
regarded insists with emphasis that
England and France should be en-
couraged to sell large amounts Of
their short-term Treasury bills in
this market. He says that what the
United States needs to strengthen
its international position when the
readjustment comes after the ending
Of the war is the continuous matur-
ity of foreign loans hoated here dur
ing the period of the war. This
would certainly prove an exceeding
ly helpful offset to Europe's drain
on our gold. Every banker knows
that the call loans his institution has
outstanding are among its strongest
and most liquid assets when an
emergency comes. That is why
every bank has out a certain amount
Of money on call. 1t is available i'm
mediately. Therein lies its value TO
the bank. In the same way, the
country might have "call loans" out
standing in the form of foreign
Treasury bills, with an endless chain
Of them coming due month after
month. These maturities would
bridge the gap between the maturi-
ties Of the big loans, such as the
Anglo-French 5s and some of the
collateral issues, and prevent Europe
from drawing too heavily on our gold
supply. As it now stands, the war
might end and year or two years
elapsc before England or France
had 10 pay off loans in this country.
In that interval heavy inroads would
likely be made into our gold re-
sources, a development which might
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26
Monday, March 20, 1917.

1t is an anomaly of the money
market that funds should remain so
abundant and rates so easy when the
country is on the verge of war. The
banking community is in agreement
that unless the miraculous occurs
hostilities with Germany are no
longer merely a probability. but a
certainty. And yet money can be
obtained for the ordinary needs OF
business at rates which net lending
institutions only a bare margin Of
profit, if any at all. Call money has
loaned at 2 per cent and under IN
the last week. Money could be bor-
rcwed on good railway and indus
trial securities as collateral at 31a
to 4 per cent, the rate depending on
the length of the loan. Prime COM
mercial paper was discounted at A
per cent. Wherever one might look
in the money market, the outward
appearance has been one of quiet
and stolidity. And beneath the sur
face the same feeling finds refec-
ton. Absolute confidence in the
strength OF the financial situation is
the keynote to the prevailing placid
ity. Bankers look ahead, even into
the prospect of war, with a courage
that is based on sound fundamentals.
Financially the country is prepared
as never a nation was before.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26

AS weeks pass it becomes increas-
ingly evident that the Federal Re-
serve banks are bent on extending
their control over the country's gold
supply. Governor Harding of the
Federal Reserve Board recently said
the reserve banks have a note issu-
ing capacity, based on their gold
holdings, of more than S1,200,0OO,-
900. This gives only fair idea Of
the rapid concentration of gold now
taking place. Inside Of three months
the gold held by the reserve system
has increased approximately S125,-
100000. The gain over six months
ago is $685. ,000,O 900 and over a year
ago close to 100000, 900, Of which
s225, 100000 is shown by the Reserve
banks and more than S160,000,0 900
by the Reserve agents. The policy
of the Reserve Board has been to
absorb, temporarily at least, large
portion of the newly imported gold,
thus preventing the continuous and
rapid growth of deposits and loans
that might have occurred had the
gold gone into national and other
banking institutions and become the
basis of new credit expansion. This
policy has not entirely explained the
growth in the gold holdings Of the
Reserve banks. 1t has also been
brought about by the increase in
reserve deposits belonging to the
member banks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26

nro,isions of the Federal income tax Jaw.
Where interest ia in default there would oe
no income tax certificates in, respect OF me
coupons not paid. and 10 that extent 'ne
amount would be underestimate. except o.
the facts have been determined by the '7su-
ing company from other sources.
There are no quotations on te Ill. III. fo-
francs or pounds. and it is not prooanie
there would be any transactions in sueh
securities in this country. There nave
however. been several cases whereby the =,
suing road took up its securities held IN
France. Further. where such bonds arc II,
default. it may be that there WIN ue no ~
in nlace thereof, when reorganization Is
carried through. bonds payable in dollars.
but the amount of such bonds in default Is
not great
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26
Cotton Goods Active
Demand Large and Prices
Show Upward Tendency

Fall River, Mass, March 25.-The &C
tivity in the coaon goods market here
last week was the greatest in eight or
nine months. Prices were materially
advanced, sales larger and better
tone was manifested in the trading. In
print cloth the demand included all
widths and styles. Failing to secure
goods by mail and wire, some of tho
big factors in New York made the
rounds Of the mills in person to place
orders.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26
.,-,r,n nvrvoop CoRPOaaTIoss'

Now NOrkI DO II" n ]
Preferred capital stock Ip. .HasnSa Sc So !
Common Capital stock u's ss,s ffron 4
A dividend Of 49, per ss" ~ 100 p,f
syn set aside FOR The payment % Prsfsrr,d
share for The year 1910 or M Ne commos
stock. and $50 per snare ~, "a. bsen %
ciarsd payable Apri O. lslt ~ bssln,s
,rs or record a. che Gloss W
wednesday. March ~. a.. closed.
The transfer books " ill 10Y T,s - New Yers
checks will be mailed 10y
Trust co. Of New Norh..o>.cs r,eAsuref
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26

result disastrously, in view Of the
credit pyramid built upon that gold.
The Treasury bill, this banker be-
lieves, would be one of the most val
liable projections to our gold that
could be found.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26
DIVIDEND NOTICES
FIDELITY TRUST C0hlPAM

NPW fOTh w. -, r.71fI 81
The Board Of Directors "i quarterly
ii IVA u, ~ TrWo PR Cent tlEl or Ao-i
capital stock Of The COMPANY p Sysss'ia al ~
. fsf7. 20 stockholders Of
close OF business March q, ,,5Py
transfer books VIII be ci.ss .fSnen Apri
on March q. 1917, ana VII
e. 1871 .,,..a ,iu Be NAILS
o" MAJ ANDREW II. MARS. ssefs'''
New York. March -, 1871"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26

Venezuela has increased sreS, -, -,
share which products OF the -.
States form of her total Imports =.
value OF American merehS''u'D
por,ed having increased from 'pp, .,s.
ms,ely $4,000. 900 in 1914 to nearly 60
900, 900 in 1916.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26
ReAexes Of War

The question Of railway construction
on a large scale is occupying the atten-
ton of the Minister of Ways and Com
munications and leading economists, ac-
cording to Russian advices. The min
stry has drawn up a scheme which is
to be carried into effect after the war,
but the whole matter has assumed
more urgent character, owing to the
application Of a group of American cap
italistS for a concession TO build a rail-
way from Moscow to the Donets coal
fields. The idea Of railway concessions
to foreigners is strongly opposed by
several Russian economists, on the
ground that it might involve the rails
ing Of freights and fares and would
subject the whole Russian railway pol
icy to the vicissitudes of the money
market, as opposed to the existing sys
tenn of purely government railways,
which, with its rule of low profits, pro-
vidcs the only sure guarantee Of eco
nomic development
The British embargo restricting i'm
ports will affect Canadian trade to a
considerable extent, according to Mon
treal advices. Canadas trade to Great
Britain in goods now on the prohibited
list last year amounted TO something
more than s16,O0O,O0O The principal
items affected are timber, leather, APP
plies and canned lobster.
At the annual meeting of the
Premier Diamond Mining Company,
held in Johannesburg, British South
Africa, the president told the. stock
holders that past experience taught
that the world spent annually a fixed
sum for diamonds, which increased or
diminished with the rise or fall of
general prosperity. The best policy
therefore, he said, was to regulate the
quantity of diamonds put on the mar
ket. and to get the highest price avail
able for the smaller quantity offered.
The directors charged with the control
of the diamond industry, it was stated,
had realized the Importance of this
policy and had arranged to establish
an almost complete control of the mar
keting of diamonds. This would en-
able producers to make as much or
more profit from restricted output
than from twice the quantity produced
before the war, and would also double
the life Of the mines. The dreams,
hopes and efforts of the past thirty
years had been attained, he said, and
the future of the diamond industry
never looked brighter, due to control
only.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26
BIc,Co
CLEVELAND. CINCINNNri 'h''
r. sr IDtIs R1. W. at

New lorh 49, M QUAY
A dividend OF ONE AND o' on n,
TER PER CENT NL1s PEI 30 compass,
P5sfs Scc0 a csPd payable a. s' Si III
, uSs treasurer on FRIDAY. Aprli II Close q
70 stockholders of record AZ ss', 1911
business on Thursday. March -sss...irsr
MILTON s. BARGEh'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26
Stocks

NEW YORK STOCK EXCHANGE
TRANSACTIONS
Rail- Other All
roads. stocks. stocks.
This week .S51, 100 5,670,600 6,521,7oo
Last week. 1884, 300 2,5O9, 900 2,s63.Soo
Year ago. 1852, 100 2,776,10o 3,t2S,2oo
January I to date:
1917. 4,873. AGO 40,637 800 45,51 600
1916. .5.o35,5O 35,341 300 4o,376, eco
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26
Two Billions of
Our Securities
Repurchased
Market Value of American
Rail Issues Sold by Europe
Is 1000, 100000

Europe has sold back to investors IN
the United States American railroad
securities Of par value Of Sl,ols'olS'-
s7S and an estimated market value OF
81 200. 900. 900 since January 81, 1910
In two years foreign holdings OF such
securities have been reduced from a
mar value Of s2,7O4, 4O2 1854, the total at
the beginning OF 1915, TO s1,185,S1l,4s6
on January 81 last. as shown by L. r.
Ioree. president of the Delaware q
Hudson Railroad, in his fourth com
pilation, made public to-day. Figured
on a percentage basis. the report indi-
Gates that Europe has liquidated 56'lo
per cent of It's holdings Of American
railroad securities since the carly
months Of the war.
Bankers have estimated that at the
outbreak Of hostilities the total or
American industrial securities held
abroad amounted to % per cent OF the
railroad securities. Liquidation OF IN
dustrials has probably been about IN the
same proportion to the total as the
liquidation in the rails. Assuming tna'
this is correct, the par value of all the
American securities, industrials as well
as rails, sold in this market since the
war began can be roughly estimated at
n mar value of $4,000 100000 and mar
ket value of 81 800 100000.
Less Liquidation of Late
Practically all of the securities re-
turncd have had TO be sold because OF
circumstances arising out of the war
Salcs Of these issues have pressed
steadily upon the American markets
since the war began, and only lately
has the stream Of liquidation slack
oncd The let up in the flow has not
boor dino 70 tho fact that Europe has
reached the bottom of her strong
boxes hut because England and France
have both been using American secun-
tics as collateral for loans instead OF
throwing them on the market ne
sale and hypothecation of these Sc
curities in loans has been one OF the
methods by means of which the AIlies
have been able TO finance their huge
purchases on this side.
In detail, Mr.. Loree's figures sho"
the various classes of railroad secur-
tiles abroad on the four dates, January
81 1915; July 81, 1915; July 81, 1916
and January 81, 1917, as of which the
were made, but no market
value was determined for the first com
n;lation. The securities held abroad on
these dates follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26

The investment market. has
changed little from day to day. Ac-
tivity fell off somewhat during the
week, but the volume of inquiries
continues moderately broad. No one
expects that the bond market will
move out of the rut until the re-
straining factors in the general sit
uation are removed. The leading de-
velopment during the week has been
the formal Offering for public sub
scription of the new Sl00,OOO,OOO
French loan. The success of the sale
is assured, the bankers say, from the
large amounts of subscriptions re-
ceived. Official announcement of the
results is expected this week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-03-26

The results of the latest call of the
Controller of the Currency for the
condition of national banking insti-
tutions of the country as of March D
disclose large increases in deposits.
Thirty-two national banks of the
country reported gross deposits in
excess of S50,0O0,OOO, and of this
number twenty-five showed increases
compared with the previous call.
The two leading banks in New York
City showed increases in their de-
posts of more than $50,0OO,OOO.
New York has thirteen national
banks which can boast of $50, 100000
or more deposits. Chicago has three.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1917-07-16
BIRTHDAY PARTY.

BAXTER, w. Va, July 13.-Amons
the pleasant social events of the sea.
son was birthday on the 18th of this
month at the home of Mr.. and Mrs.
Lewis Barnhart in honor Of Mrs. Barn
hart's brother, Charles Fletcher. The
guests numbered about forty. The
evening was spent in social CONVEX
sation and games. At late hour they
were invited to the dining room where
ice cream and cake we're served.
Those present were Mr.. and Mrs. Lloyd
Brock and sons. Ray and Paul; Yer.
non Morris, John Wright, Silas vii.
son, Charley and Walter Davis, Ward
Hall, Brannon Kennedy, Edgar Allen,
Harry Haught, David Musgrave, James
Floyd, John Rowe, Earnest Wilson,
William Sloan, Tom Cruise, Joe Celus-
kie, Fred Morris, Hermon Post, the
Misses Josephine and Charlotte Powell,
Reva Matheny, Ruth Allen, Hazel and
Alice Grim of Barrackville, Nellie Sat
terrified, Minnie Simpson, Minnie and
Myrtle Hall, Minnie Hawkins, Francis
Higgins, Helen Sass, Caroline Post,
Teddy Thorn, Cecil Lee Morris, Chas.
Russell Bailey.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1917-07-16
CAN'T TELL WHEN
GUARDS WILL MOVE
West virginians Have Been
in the Federal Service
Since April.

In spite of the bad weather con-
ditions, a large crowd gathered at First
regiment camp yesterday to view the
lads in khaki perhaps for the last time
in Fairmont. They leave some time
in the near future" for Camp Sheridan,
Alabama.
The exact date of the departure Of
the troops has not yet been definitely
decided upon. However it is generally
understood that they will break camp
some time before the end Of this
month.
AS past experience shows it is al
most impossible to state the exact date
for the movement of troops. Colonel
Osborne stated today that official in
formation cannot be given out at this
time and that only an approximate date
could be given out for publication.
The plans for the military ball which
will be given by the Officers of the
First Regiment on July "a are being
completed and an elaborate affair is
being planned. 1t is probable that the
troops will break camp within two or
three days after this farewell function.
The West Virginia National Guard
was mustered into the Federal service
last April and are now at the disposal
of the President. They will be sent
to France if necessity calls them.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1917-07-16
BANNER PRESENTED
At ENlEAV]R RALLY
Convention Reports Heard
at Two Meetings of
Young People.

The state banner for having given
the most money of any Christian
Endeavor society / nthe state to mis-.
sions, which was awarded to the So
ciey Of the NJ. P. Temple at the state
meeting held recently at Martinsburg
was presented to that society yester-
day at rally Of the Christian Endeay
or Union held at the lutheran church
yesterday evening. :.
At the rally which was attended by
members Of the societies Of the Tenn
pie, the First Ward NJ. P. church, the
Presbyterian church, the Lutheran
church and the Christian church re.
ports were given of the state conven.
ton held at Martinsburg which was
attended by several local people.
Those who gave interesting reports
of the convention we're Arthur LIE.
Seur, the Misses Ruth Shafferman and
Ethel CAN'T A feature of the pro.
gram was solo by c. H. Bloom of
the Lutheran society.
John Reed, president Of the city un.
ion presided at the meeting.
The Sunday morning service at the
First Baptist church WIS given up
yesterday to the B. Y. P. u, organi.
cation and an interesting program was
carried out consisting mainly of re.
ports from the National convention of
the Baptist Young Peoples Union Of
America held recently in Detroit, Mich.
Interesting and enthusiastic reports
were given by Mrs. W. G. Bosserman,
Misses Fairy VanGilder Nellie Nc.
Intire, Matilda Mckinney and Neva
Prunty. A pleasing feature of the SER
vice was a solo by Jackson Clyde
Kinsey of New York city who is spend
ing the summer in this vicinity with
relatives.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1917-07-16
Doctors Of State to
Meet Here in October

The West Virginia State Medical
association will hold its annual ses-
sion in this city october 2, 8, and 4.
The sessions will be held in the new
Fairmont hotel and hundreds of mem
bers Of the medical profession will
be here from all parts of the state;
The medical association was formed
in this city fifty years ago and DR..
]. H. Brownfeld is the only charter
member of the organization surviv-
ing.
not ben announced as yet. The
meeting Of the organization was to
have ben held in this spring but was
postponed until fall SO that the new
Fairmont which was formally opened
today, might be completed.
DR.. ]. A. RAIDER, of Huntington, is
president of the organization and DR..
]. Howard Anderson, of Maryton, NC
Dowell county, is the secretary.
The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1917-07-16
WEALTHY MAN IS
ACCUSED OF MURDER
Philadelphia Coal Operator
Under Arrest for WHIP
ing Out Family.
1Rp Associated Pressl

YOUNGSTOWN, Pa, July 16.-George
K Tompkin8, Jr., Philadelphia coal
operator, arrested in connection with
the mysterious death by shooting Of
Edward HUMPHREYS, his wife and son,
yesterday on a country road near
here was formally charged with muir
der before justice of the peace today
and locked up in the Cambria county
jail.
The charge was made by the county
detective and Tompkins Immediately
declared his innocence. On his way
to jail he declared he had forgotten a
few details in the statement he made
yesterday and he was given opportun-
ity to make another statement in Sc
cret the purport of which the authori-
ties refuse 10 disclose.
A letter Is in the hands Of detec-
tives said 10 have bearing on the
case but no statement will be made
regarding Its contents. The letter Is
said to have been written by Tompkins'
wife.