davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
Chino Copper
Reduces Dividend
Other Porphyrys Make Same
Declarations as in Pre-
ceding Quarter

Tho Chino Copper Company was the
only one Of the leading companies IN
the porphyry group to reduce its diYi-
dend yesterday, although Wall Street
had confidently expected the others
also 10 cut their quarterly disburse-
ments TO stockholders in view of their
earning statements for the third quar-
ter and the many uncertainties of the
general situation.
The Chino Copper Company directors
voted a quarterly dividend of 81
share, compared with $3.50 paid three
months ago in the form Of Sl.25 resu-
lar and 1925 extra.
The Utah Copper Company directors
in voting the dividends declared d
quarterly disbursement of $500 IN
stead of sl.75 regular and $40 extra
three months ago.
In the case of Ray Consolidated and
the Nevada Consolidated the regular
and extra dividends were consolidate
into single quarterly disbursements OF
81 n share on the stock of each com
panv. Three months ago 90 cents e%-
ira and 50 cents regular was paid oy
these companies. All the porphyry
dividends declared yesterday are pay r,
able December 81 to stock OF recofu
December IL. l.
No reason was given by the ofhciais
of the companies for Jumping the diVl-
dends. Half of the declarations ~
previous quarters had been termed as
acanitaI distributions" by the oihcial
announcements made by the directors,
In some quarters it is now stated that
these capital distributions" were a, msu a :
would not be taxable, and the change
to a lump quarterly rate, it is argued q,
vas made because of the knowledge
that all dividends will be taxed
The Chino Copper Company earneI
in the September quarter net protts o.
es34O9. compared with s3,72o,65l II
the quarter eHded June 30 last.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
Money and Credit

can rsOney, rates were a iIa'' tSn
Gan . II the stock Exchange, tne e
d nlens' tendency being attI 1o ooo
n ui.1ss . the retirement Of sSCO'vo oS-
o oa,5 1yeasury certificates oil inaeo'' -
Ooo ' ~bich we're to have matare s1 on on
nss' NJ snr Is. but which were paid on
N'ei n5oy The renewal and ruling
'ets for cali money was a per ''"''
ra1e ,a ' with 81s on Wedhesoay'
Npt much change occurred $50 ~ ~
NO, Cor 6xed date funds Offerings
MAJ nod light, with rates rnling AZ
e GO, 60 6 per cent, depending upon the
"a ~ and the character OF the col
nal, nal Mos. stock Exchange borrow
NE ,.ore reported to be supplying their
~ needs through the medium oi
the call market. ,,,.u
u, 9,ncb interest was evoked in banking
,a,os nv the announcement Of tne
T I,anntv controller that the city VIII
nTer to-day 100000 Of revenue
T;iIs 20 run until March 2, 1918.
Ruling rates for money YESTERDAY
compared with a year ago, were as FOL
lows:
40. 41a'c
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
Sues Brokers to
Recover $31,445
Representations Concerning
Copper Company Alleged
To Be Untrue

Harvey A. Willis and Waldo L. CID
hons. members of the firm of Harvey
A. Willis & Co., brokers, were sued III
the Supreme Court yesterday by
George II. Hamilton for S3l,445, paid
for stock Of the Josevig- Kennecott
Copper Company. Hamilton IS SUNG
as the assignor of five investors, who
allege that they were induced to buy
the copper stock at 81 a share through
the glittering financial advantages held
cut in a circular describing the prop
ertv of the company in Alaska. Many
Of the statements in the circular were
rot true, it is alleged.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07

Dividend Changes

Directors Of Julius kayser 70
have declared an extra dividend OF
per cent on the common shares a''0
a quarterly dividend Of per cent y"
the common stock, placing the issue o.,
an per cent annual basis, compared
with per cent previously PAID p',N
dividends are payable January 70
s.ockboldcrs Of record December "a
The regular quarterly dividend OF -
per cent was declared on the prcier'eD
stock, payable February 70 S'''"
holders Of record January Il.
The Pittsburgh Plate Glass Com
pany yesterday declared an extra d'''-
dend Of 3 per cent on the conlrho"
s,oct and an extra dividend Of Il per
cent on the preferred stock, payable
January l 20 stockholders OF RECORD
December 10. The regular quarterly
dividends Of IL, per cent on both the
common and preferred stocks were also
declared, payable December 81 to stock
holders of record December 10.
Directors Of the Chino Copper Com-
many yesterday declared a quarterly
dividend OF 81 a share, payable Deem
Der 81 10 stockholders of record De
cember IS. Three months ago diV''
dend of $3.50 a share was declared.
The Allied-Chalmers Manufacturing
Company declared the regular quar-
terly dividend Of q per celIon the
preferred stock in addition 10 a OF /
per cent on account Of back dividends,
both payable January 10 70 stockhoid-
ers of record December 81.
A dividend Of 50 cents q share has
been declared by the Utah Consoli-
dated Mining Company, payable De-
cember "a to stockholders Of record
December 70. In the previous quarter
81 share was paid.
The American Snuff Company mas
declared the regular quarterly DIVIDEND
of IL per cent on the preferred stock
and dividend of 2 per cent on the
common shares, both payable January
2 to stockholders Of record December
II. Quarterly dividends of per cent
/ have been paid on the common stock
for the past three years.
The King Phillip Cotton Mills Cor
poration has declared an extra dividend
of IL per cent and the regular quar-
terly dividend Of IL per cent, botF
payable January l TO stockholders Of
record December 20.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
No Stock Dividend for Steel
Ell. Gary Says Report of Huge
Disbursement Is Unfounded

Denial was made yesterday by H. H.
Gary. chairman of the United States
Steel Corporation, Of published re,
mort that the finance committee had
under consideration a plan by which
common stock dividend would be de-
clared based on the company's invest
ment in Liberty bonds ana iore'gn
-, ,.o.-o.r,,ont securities. According 20
tao ronort. this investment, amodnt'
ing 70 more than s3OO,OOO,OO0, was to
he placed in trust, and . Sc % per
cent common stock dividend would be
declared against 1t.
"There is absolutely no foundation
to The report" was Mr.. Gary's COM
ment. Another member of the finance
committee said that he knew nothi7g
of the reported plan.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
British War Bonds
For Swiss Watches

4 London watch-importinS mouse
which does large business WITH
Switzerland has just sent circular 70
its Swiss clients proposing to pay them
in part for orders placed in D per cent
british war loan bonds, redeemable in
five Years. AZ 1O2. The British import
ing house calls attention 20 the at
tractive features Of this plan, citing
that the manufacturers Will receive
: per cent, besides a premium at re-
denption. and such advance as may
take place in the price OF the bonds on
the market, The British house tur-
Their engages to rebuy the bonds al
any time at the market rate.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
FINANCIAL MEETINGS
ONO COPPER 90. on UTAH.
-.--I L.Iu.r.I Mnallnl

Notice ,s hereby given that the Annnei
Nfcstinv Of the Stockholders ~ the ono
CONFER Company - Utah via be held a.
me oQlce Of Andrews < Nelson, AnSasie.
N.trs ON Thursday. January 3. 1915. a.
- ,,rior't noon. FOR the clectiOa % Direc-
tors ana a clerk and for tho ,ransaetiS,h
Of such other business as may pEopeIy
come before the meeting.
business on Dec Z. 1917, viii he entiiis@
10 vote az the meeting. - -.
SAMUEL X. KELLOcK, secrs'afF'
New York, Dec I, 1915.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07

II has been commonly expected IN
Wall Street that the leading por-
phyry copper companies would re-
duce dividends at the meetings held
Yesterday, but except for a compare
lively small cut announced by the
Chino Copper Company The usual
declarations were made. The belief
that reductions would be made was
based on the reports for the last
quarter. which. on their face, were
extremely poor. Those reports WERE
however, much less unfavorable than
the income accounts indicated. The
slump in profits was due largely to
the absence Of demand for copper
during the first part of the quarter,
when price.fXing negotiations were
under way. as a result of which
large stocks Of the metal were piled
up. The conditions which obtained
during the quarter were translenth
character As soon as the govern
ment fixed price for the metal, de-
mand Immediately revived and accu-
mulated stocks were quickly sold.
The reports for the current period
may therefore be expected to record
sufficient improvement TO partially
make up for the unfavorable show
ing in the July-September quarter
Moreover, it is not improbable that
the price for the metal will be re-
vised upward after the first Of ne
wear as a result of the conferences
between representatives of Inc pro-
ducers and the War lndustrie0
Board. which are scheduled 70 1aNe
Mace next week. When the price ioi
copper was fixed at %la Genus
mound it was specifically stated 'ha'
it would be subject provision at the
end of four months
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
The Dollar in Foreign Exchange

Exchange on Italy displayed an cas-
Ter tone yesterday, lire being quoted at
9 % TO the dollar, compared with SIS
the day before. Russian rubles were
s.oadv On light demand Spanish
nosetas advanced again, touching 24'oo
cents a new high record for the cur
rent movement.
Closing rates yesterday, compared
With = week ago, are given in the table
bs;ow. American bankers have sus-
nen6ed all dealings in German and
Austrian exchange. so that daily quota
.;ons for either marks or kronen are
no longer available.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
STERN BROTHERS.

Notice is hereby given that ire snnua
OF stockholders OF stern oIV'nsrs
fcr the election OF Directors. ana tho
transaction OF such other business ss a ~
properly come before such meeuhs, VII
be held az the Offices O.. tho Compehy, 10
Al West s2rd street IN the borough OF
Manhattan. city 81 New York. on Nednes
dsy. December ~. lsls. At o'clock Us
the afternoon.
The transfer books VIII be closed NON
the close Of business on December g. ietI
until the morning OF December ~. 1911,
Dated New York, December src. isN.
RICHARD \. kOEGl&R. Gsca sI2x>s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07

Yesterdays reaction IN stock
prices. especially in the prices for
some of the leading railroad issues,
NAV be attributed more TO technical
conditions than to any change in
sentiment regarding the recommen-
dations of the Interstate Commerce
Commission, which are generally re-
garded with favor in the financial
district. The buying movement that
developed Wednesday afternoon, as
soon as the import Of the recon-
mendations was realized, was con-
fined largely TO the professional ele-
mert. Therefore. when public sup
mort failed to materialize in impor-
tant volume, a good many traders
decided to take profits. The selling
was not very heavy, however, and
the weakness did not extend
through the whole list, as is shown
bv the fact that a number of rail-
road and industrial stocks closed
with net gains over the preceding
day. Since the important news of
the last few days has failed to arouse
public interest in stocks, it is not
improbable that the market will re-
lapse into a state of torpidity similar
TO that prevailing for some time be-
fore the Presidents message stimu-
lated trading temporarily.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
Elections

Directors Of the Hartman National
Bank yesterday elected Orlando IT,.
Hartman cashier, succeeding John A
Noble, who vas elected vice-presi-
dent.
Henry II. Pierce yesterday was
elected q director Of the American
Cotton Oil Company, 70 succeed +. NJ.
Peters, retired.
Joel s. Coffin has been elected di-
rector Of the Mercantile Trust and
Deposit Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
News Digest
Foreign

London Market Quiet.-LONpON>'
Dec e.-The stock market, although
quiet to-day, maintained
GOOD tone. with a fair business In giit-
edged securities and Allied bonds.
Snanish bonds were leading features
or the decline in exchange to 1900
pesetss to the pound sterling, new
low record. Oil shares were firm and
mining stocks, including Russian I'M
,,,.ctraA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07

The above rates express INC cost Of
foreign money in terms Of the Ameri-
can dollar. You bug an English pound
sterling at, say, S4.75is., The intrinsic
parity is s4.s6ss per pound. Thus, you
say either that pounds are at a discount
or that dollars are at a premium, 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 eoun-
try for pounds with which 10 settle
accounts I'D England.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07

Paris Bourse-PARIS, Dec. C.
Trading was quiet on the Bourse to-
day. Three per cent rentes, SO francs
80 centimes for cash. Exchange on
London, 27 francs 81 confines. FIVE
DER cent loan, So francs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
Iondo, aoney Market.-LONDO.

g Honey was in larger supply
at 90. per cent. Discount market was
-. 9TH short bills quoted at AS
- Int and three months bills at 4Sl
per cent. There was good oe'n""u
e. Treasury bills.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07

Below is given the current exchange
value of foreign money in dollars and
cents, together with tine intrinsic colo
parity. as calculated by the United
States Mint:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
Relevant Facts

Anglo.rrench Bonds at .. bonds
Tho Anglo.Frcnch pei exchange,
sold at s9l. on the s'oeJH Dealings
sC,ting new low rrc0Snrds opened
so,,'"t sl5o.ooo. The O 'p,ee showed
a. $685. aud at ths l%J r
= loss Of d from "
facilitated Copper
lnspirat'o" ,,sednetion Of copper
November 100000 pounds, com
amounted 70 100000 pounds produced
pared witt, and e,s5O,ooO pounds in
in Octob" IN November 1916, output
sep ',," ffc.eO9,ooO pounds
,or & Boston Copper Receipts
SUP year ended September 30, 1917,
for sss3,Jll. After deducting e1-
ws,Situres for the year and including
previous years balance, there re-
aimed a balance of s141,577
=. W. WooIworth-S Sales for Noyem-
her amounted to $9,O76,557, an increase
of 1886 per cent over the correspond
ing month a year ago. For the eleven
months ended November 80 total sales
were ss3,5OO,25l, a gain of 1859 per
cent over the corresponding period IN
1916.
Chicago. Rock Island a. Pacifc-Iho
meeting cf Rock Island directors
Wednesday. at which the question OF
having an initial dividend on the first
and second preferred stocks, Ii was
learned Yesterday, was a stormy one
In the midst of the discussion the In
terstate Commerce Commissions re-
mort on the railroads became pubic
whereupon it was decided to defer con-
sideration Of dividends until the next
meeting on January 3, when 1t IS eN-
pected that the governments poiicy
will be more definitely outlined. James
X Wallace resigned as a director.
Rutte & Superior Owing TO the
pending litigation with the. minerals
SS ene Company. Ltd, directors. OF
~ comnanv Yesterday deferred action
tr' ,be dividend usually declared at
th;s time The Circuit Court Of Mon
iona will collect the revenues OF the
eonnanv until the suit is settled
Three months ago the Butte & oupe'
rior directors distributed 624s cents
share and 62ls cents share extra u
shareholders.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
Sues to Foreclose Central Crosstown

Mortgage.-The Guaranty Trust Com
pany yesterday filed q suit in the SUI
preme Court to foreclose q S3,OOO'OoO
mortgage against the Central Cross
town Railroad Company. The mort
gage was issued in 1902 to secure pay
men. of the first consolidated ! per
cent bonds OF the company. which we're
to mature in 1852. IL is alleged by the
trust company that the railroad cor
poration has defaulted on the psayAen'
of interest on the bonds since Novem-
Der /, 1909. The Central CrosstGWh
Railroad Company operates ING
from the foot OF East lWenty-tAItu
Street to Christopher Street ana the
North River.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
r, s5os5. s7o,s52 s4,3o3,s95,2S4

Bank of England.-LONDoN' Dec o.
-Tbe Bank of England reports an IN
crease IN gold holdings Of sl'o2S'SlS'
compared with a week ago. Proportion
of reserves to liabilities now stands at
1874 per cent, against 1910 q ~eeS
ooo The statement, with the changes
, III, FnI1oyr.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07

Commercial Paper.-Buying OF COM
paper was light YESTERDAY anu
rates remained unchanged at 5h per
cent for the best four months Diiis
and So per cent for the six months
paper.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
Benjamin Franklin 'sy'i
"L<t fhsse sgko 5trOe ys2 6<s'
JIr0S y1a mat.
Small
ACu0AntS

Dome think tina, banking con-
necuon is only for the wealthy;
tina; the advantages Of a checking
account and the privilege Of con
sultation with banks officers are
ior the few.
The man on a small salary, The
small merchant, the woman who
has saved a few hundred doilars -
all are as much entitled TO bank
ing connection and its privileges as
the man of millions.
TIL. FyagiAw Tr2't Csme6sy has
fai:h ,ha, the small account will
grow and welcomes accounts OF
Szoc. or more.
Send ior on bookle; "Sns.2 >4se'ssn."
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
BIDS Asked on City Short Term

BilIs.-City Controller Prendergast
will receive sealed bids until noon to-
day on S10,00O,O00 revenue bills, dated
December and maturing March Z
The last short-term financing done by
the city was early in October, when
$4,000. 900 corporate stock notes were
sold on an average basis of about $40
per cent. This issue will mature
March 10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07

Sub Treasury. 800 New YORK DahhS
gained from the Sub-Treasury $4,000.
Silyer.-Bsrs in London, 42Ad' IN
changed; New York, S5@sc, uncnangeu'
Mexican dollars. 65%c, unchanged.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07

Official rates Of discount for each OF
,be twelve Federal districts arc as fol-
lnrys.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
New York
o,hosrd Air Line Sells Equipment

Seaboard Air Line Sells Equipment
Notes.-An issue OF Sl,200,000 per
cent equipment trust certificates, pur-
chased by the National City Company
and the Guaranty Trust Company,
we're sold yesterday. The notes
mature serially in June and December
between June /, 1918, and December l.,
1927. They were offered for sub
scription on ga per cent basis for
the first two maturities. 67s per cent
for the next six maturities. and Z per
cent for the remaining twelve.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07
Money in Circulation.-Money in cir

culation on December ! compared " Avn
a year ago as follows;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-12-07

Bank Clearings.-lho days clearnSs
u Nov York and other cities:
The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1917-02-09
Boys Agricultural Club For High
School.

On Friday afternoon, February I'd,
a meeting of the boys Of the West
minister High School was held in the
Assembly Hall for the purpose of or
ganizing a Boys Agricultural Club.
This club is one of a number that are
being organized among the boys of
the county by Mr.. Reuben Bingham,
of the Maryland State College OF
Agriculture. Mr.. Bingham had visit
ed the High School earlier in the
week, but was not able to be present
on Friday. Mr.. Grover Kinsey, the
County Agricultural Agent, was
present however, and made an ad-
dress, explaining the objects of the
organization, special feature of
which will be the promotion of con-
tests in corn and potato growing, and
in poultry and pig raising. The
meeting was an enthusiastic one and
about sixty of the High School boys
were enrolled as members. Wilbur
Yingling, was elected president; Ed
gar Armacost, vice president; Wilbur
Barnes, secretary The first regular
meeting of the new organization will
be held on Friday Afternoon, February
10Th, when program dealing with
various phases of agriculture will be
given.
The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1917-02-09

in and around Gettysburg.
Miss Manetta Staub and Mr.. Mer-
vim ;. Harner spent Friday at West
minister.
Mr.. and Mrs. Obediah Harner en-
tertained recently Mr.. and Mrs. YER
non Myers and son, Edgar, Mr.. JACOB
Hahn, Mr.. and Mrs. Wilson Grouse
Mr.. and Mrs. Harry Babylon, Mrs
Mervin Miller and daughters, Naomi
and Esta.
Mr.. and Mrs. Ira Stonesifer and
Mr.. and Mrs. Austin Bortner enter
tanned the following with Grafonola
music on Saturday evening: Mr.. and
Mrs. Alonza Myers, Mr.. Wilson Study
and Miss Emma Harner, Mr.. and
Mrs. Henry Wolf, Mr.. John Wolf and
Miss Irene Harner.
Mr.. Luther Mayors, of LittlestoWn
spent Sunday at the home of his par
ents, Mr.. and Mrs. George Mayors.
Miss Pauline Study, only daughter
of Mr.. Wilson Study, this place, and
Mr.. William Feeser, of LittlestoWn
were married on Tuesday evening
January 30, at Christ Church Re
formed parsonage, Littlestown. Con-
gratulations.
Miss Irene Harner spent several
days last week visiting Mr.. George
Wolf and family, near Taneytown.
The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1917-02-09
WOMAN MOTORISTS DRIVE OFF
WOLVES
Their Only Weapons We're Firebrands
and Hatchet-An All-night Battle.

Seattle. Wash.-Forced to use fire
brands their only weapon aside from
a Ratchet, to drive away the TIMBER
wolves and coyotes that surrounded
their machine at night, three 'Seattle
women found excitement aplenty on
the last leg of an 5000 mile automo-
bile Journey across the continent.
The women, Miss LeOla May Bllnn
her mother, Mrs. Sarah Bllnn, ageu
TO and Mrs. Charles S. Davis, travel
ed alone, without even gun 10 pro
tact themselves. They slept out IN
the open. Miss Blinns automobile
heine converted at night into sleep
ing car. s+
ern Washington that we suffered our
most narrowing experience, SAID
Miss Blinn, describing the events OF
the Journey. I'VE had just been Ter
Rod across the river at Walla Walla
tn Wallula when we ran into poor
roads From there to North Yakima
we had a. terrible time. We managed
the difficult sand piles that serVeu
for roads until we were making a
forced detour around the .Old HOrn'
a bend in the Columbia River. linen
we got stuck in the sand.
I'VE were miles from nowhere
Night came on. We had trouble with
our battery and could not switch on
the electric lights. We could not go
ahead nor could we go back. While
we sat there the coyotes and TIMBER
wolves came. We had no gun. Ihere
was nothing but Ratchet.
We had built fire, however, with
the sage brush that was near, anu
with the fire brands were able to keep
them off. The coyotes were atlllcted
with rabies, the weather having been
very hot, and the wolves came right
lid to the machine and almost put
their noses inside. We stayed up all
night Early the next morning
started out for assistance. While L
was away Mrs. Davis had to use fire
brands again to keep off the coyotes
who had reappeared. Then she be-
came anxious for my safety, not
knowing whether | would be able to
find assistance or not. was able,
however, to arouse two white men
linn tent O. mile away, and with their
help we got out of the North Yakima
flats"