Springfield weekly Republican. [volume], August 19, 1915, Page 15, Image 15

About Springfield weekly Republican. [volume] (Springfield, Mass.) 1851-1946

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FARM INTERESTS
COUNTY LEAGUE DATA
A DAILY VEGETABLE DIET
VALUABLE MINERAL FOODS
Contained in Garden Produce—Fill
Needs by Building Up Body
Only six and one-half per cent of Amer
ican diet consists of vegetables. Vege
tables are a valuable and inexpensive
source of food and should be used more
extensively During the period of growth
which extends over the first 25 years of
life the body increases in weight usually
from 15 to 20 times and the source of
this new body substance is food. After
growth is completed, there is a constant
wearing out of body material which must
be replaced so there never is a time when
this building material can be dispensed
with. There are two classes of these
building foods which are of great import
ance. One group known as the proteins
is found in meat. fu?h, milk, eggs and to
a certain extent in vegetables. The other
group of building materials is that which
furnishes mineral substances the most im
portant of which are phosphorous, iron
and calcium.
These mineral substances are of great
service to the body. They are built up
into tissues, such as bones, teeth, muscle,
nerves and red blood corpuscles. They
alsb help tn regulate many important body
activities such as digestion and the carry
ing of oxygen to the parts of the body.
Iron enters, into the composition of the
cells of the body, and is found in the
blood. Growing children, women and ex
pectant mothers especially need a diet
rich in iron. I.ack of iron may result in
anemia. Symptoms of anemia are pale
cheeks, lips and ears and a general list
lessness.
Foods which contain iron are spinach,
red meats, egg yolks, legumes, whole meal,
dried fruit, oranges, succulent fruits and
vegetables. Calcium forms a large part
of the weight of bones and teeth and is
also important in fluids of the body. An
insufficient supply of calcium results in
weak, spongy bones, poor teeth and a
general tendency to anemia. The follow
ing foods are particularly valuable as
sources of calcium, milk, figs, legumes,
oranges, spinach, fruits and vegetables.
Tn all these cases it is noted that these
minerals may be obtained from many of
our vegetables and fruits. The fuel foods
are those which are used in the body to
keep us warm and to give us strength to
move about, and to do our daily, work.
Foods which are rich in fat fall in this
group, but since fat is objectionable as a
food for many people, the foods which are
of great importance in furnishing this fuel
are the sugar and the starch-containing
foods. Examples of this group are bread,
cereals, macaroni, sweet fruits, potatoes,
carrots, parsnips, corn, and the products
from these foods.
We are so accustomed to eating bread and
butter at every meal that it is very unlike
ly that any ordinary person lacks fuel food.
Tn the same way we are fond of meat,
which is a tissue-building food, and most
people have more of this food than is,abso
lutely necessary. But. the supply of mineral
foods needs special attention. Doctors and
scientists are making a plea for the wider
use of fruits and green vegetables to sup
ply the body with these necessary minerals.
The housekeeper should see that generous
quantities of fruits, vegetables and ce
reals are included in the diet. See that
the garden is planted early and that a
variety of vegetables, including spinach,
is raised. A French proverb calls spinach
the broom of the stomach, becaust it has
the tendency to act as a cleanser. Perish
able fruits, and vegetables should be
canned and an abundance of them should
be stored. If the children refuse to eat
various vegetables use care to prepare them
that they will eat them, just as you would
use care if the vegetables were medicine
prescribed hr a physician and you realized
that the health of the child depended upon
his taking the medicine.
While calcium, phosphorous, iron and oth
er minerals must he in the food if health
is trt be insured the quantity needed is not
large. The body needs are almost sure to
he met when a wide variety of foods is
furnished from day to day. If the number
of foods must bo limited, then some green
vegetable and some kind of fruit each day
with a good deal of milk will satisfactorily
meet the.needs of the body for these min
eral substances. The simplest wav of get
ting those substances is to see that the
foods which contain them are welt repre
sented in the diet. Make use of milk. eggs,
green vegetables, whole grains, peas, beans
and fruit.
The loss of food materials in the process
of cooking should receive more considera
tion when potatoes are the only vegetable
attainable. Cook them without paring to
avoid loss of food material. If other veg
etables are used freely consider convenience
and palatability. Most cooks discard the
water in Which potatoes are cooked as it
is likely to be strong in flavor. The pota
to is a favorite because it lacks pronounced
flavor. It goes well with foods and has a
positive taste and people do not tire of it.
Experiments show that when cabbage,
which contains 7% pounds of dry matter
to each 106 pounds of fresh, green sub
stance. was conked in water, one-half of
the mineral matter and over one-third each
of the carbohydrates and nitrogenous ma
terial present in the dry matter were dis
solved out.' Experiments with asparagus
and other succulent vegetables showed that
on an average. 30 per cent of the total
mineral matter was extracted when the
vegetables were cooked in water for 20
minutes. Because of this, it is well, when
possible, to steam vegetables in their own
juices dr to - save the water in which veg
etables are cooked, using it for soups or
sauces. Especially should this be done if
we are limited in our supply.
Green vegetables are needed every day
of the year by every member of the fam
ily. They are needed by grown children in
particular. If they are on haud the prob
lem of what we shall have for dinner and
for supper ceases to be a problem. There
is then good reason for seeing that a plot
of ground is set aside for the growing
of vegetables and that time is taken for
their care nnd for their preservation for
use through the winter months.
PEACH CROP 20,000 BASKETS
Estimate* nt Various Grower* for
Thl* Sr«»on
Twenty thousand baskets of peaches will
be shipped from Hampden within 30 days
according to a conservative estimate.
Crop* of leading peach growers have been
estimated as follows: J. W. Dunsmore.
3000 baskets; A. W. Hayes, 2500; W. J.
Sessions, 5000; H. H. Thresher, 2500; E.
T. Lyons. 3000; Davis & Burleigh. 1500;
D. L. McCray. 1000; J. J. Flynn. 500; W.
J. Mackay. 1000.
The greater number of the peach trees
which are hearing this yean are young,
having been set out from three to five
years. If they were a few years older, a
touch larger crop might be expected. There
are some thousands of young peach trees
in the town, not yet old enough to bear
having been set out only one or two years.
ENGLISH PENS LEAP AHEAD
For First Time Top Position is Held
on Equal Terms by Two Contest
ants
The 4Oth week of the laying contest at
Storrs, Ct., saw a big shake-up in the 10
leadings pens. In faet, only two cut of the
entire 10 hold the same relative positions
as a week ago, all the others moved either
one way or the other. The Vermont pen of
Rhode Island Reds that has been leading
for the past three weeks dropped to third
place. Two pens of white Leghorns owned
hy Tom Barron of Catforth. Eng., and F.
M. Peasley of Cheshire, and which wore
in second and fourth places, respectively,
are_now at the top with an identical score,
157” eggs. This is the first time during the
progress of the. competition that two pens
nave simultaneously enjoved the distinc
tion of leading the competition. Ed Cam’s
English Wyandottes dropped from third to
fifth place. A Connecticut pen of Leg
horns, owned by Windsweep farm, Red
ding Ridge, managed to get by a pen of
the same breed from Calverton, N. Y- An
other New York pen from Ballston lake
lest their footing entirely and are sup
planted among the 10 leaders by N. W.
Ilendryx of New Haven. Ct., whose Leg
horns are now occupying ninth place. Al
though so much shifting in one week is
very unusual, still other changes must be
expected in view of the closeness of the
score. Among the first five pens, no one is
more than 11 eggs ahead of the others.
All the hens taken together laid 3479
eggs for the week, a yield of just about 50
per cent. Tom Barron’s English Wyan
dottes and A. S. Sonderegger’s Leghorns
from South Coventry, Ct., tied for first
with 53 eggs each. N. W. Ilendryx of New
Haven, Ct-, was second with 52 eggs,
while three pens of Leghorns, owned by
Windsweep farm. Redding Ridge. Ct.. Ed.
Cam of Hoghton. Eng., and Branford
farm, Groton, Ct., tied for third with 51
eggs each.
Some of the Leghorns in the contest are
perfectly good show birds as well as good
layers. In going over the judge’s score
cards of the 400 hens of this breed, it is
found that the birds entered by Elm poul
try yards, Hartford, Ct„ had the high pen
score of 92% points. Two invididuals,
namely, hen 561 in the high pen and hen
747, owned by Branford farm. Groton, Ct.,
tied for first place with a score of 94%
each. A pen from Rocky River. 0.. aver
aged all the way round a score of 92%
points per hen. Thus it appears that the
Leghorns in the contest are good specimens
of the breed they represent.
THE BAINS DAMAGE CROPS
Los of Many Millions, Bai Less Than
Was Expected
That the crop loss in Western Mas
sachusetts from the long-continued rains
and severe storms is not as great as was
at first feared and predicted, has become
evident during the past week of warmer
weather and comparative freedom from
rain. The first estimates of excessive losses
were made by each community without
taking into consideration local field con
ditions that enabled large parts of the
crops to survive the floods and winds.
In general crops on lowlands are almost
a total loss, but on high, well drained land
often promise a more than normal yield.
Yet the aggregate loss will be high. It
has been estimated by Wilfred Wheeler,
secretary of the state board of agricul
ture. as running into many millions.
Hay is ’going to be a much more profit
able crop this year than was expected
owing to the unusually good second crop
in some places. The first cutting was poor
and much of the hay was spoiled by the
rain before it could be got into the barns.
Of onions and tobacco, the two great
Connecticut valley crops, the situation at
Hatfield may be taken as typical. There
the loss on tobacco is estimated at 25
per cent and on onions at 10 per cent.
Corn all over Western Massachusetts was
knocked down by the severe storms and
injured by the excessive wet on lowlands.
Some of it has straightened up, however,
and some of that that is flat can he saved.
The estimate of the loss varies from 10
to 50 per cent. Fruit and market gardens
have suffered severely. Potatoes are per
haps the hardest hit of all the crops, as
in the lowlands they have been blighted
and are showing signs of rot.
AGRICULTURAL REPORT
Secretary Wheeler of State Board !•-
snes Interesting: Book
The annual report of the secretary of
the state board of agriculture has just
come from the press and may be obtained
by application to the secretary, at 136
state-house, Boston. The hook this year
is a volume of 687 pages of reading mat
ter and 54 pages of illustrations. In ad
dition to a review of the year 1914 from
the farmers’ standpoint, which is contained
in the report of Secretary Wilfrid Wheel
er. the book is full of solid and valuable
information for farmers. Cranberry grow
ing. rat riddance, farm sewage disposal,
co-operation in fruit growing in Nova Sco
tia. alfalfa growing, farm water supplies
from the health standpoint, are among
the topics treated, each one by experts.
There is a very brief, clear and practical
article on “The home vegetable garden”
by Allen French, containing a map for
the layout of a garden 165 hy 100 feet,
and this article should prove useful to
both suburbanite and farmer. The first
annual report of the board’s specialist in
agricultural club work, Prof William R.
Hart of Amherst, is included in the vol
ume and is illustrated with pictures of
the prise winner in the boys’ and girls’
chibs, and some of their products. A new
feature of the hook is the printing in it
of all agricultural legislation of 1914. so
arranged that anyone interested can tell
at a glance just what the General Court
has done for the farming interests of the
the state during the past year.
ESTABLISH WEATHER STATIONS
To Guard Agrainnt Front In Tobacco-
Growlng District*
Forecaster W. W. Neifert of Hartford
has received permission from the weather
bureau in Washington. D. C., to estab
lish weather stations in Hatfield, Sunder
land and Deerfield. Mr Neifert lias com
pleted a survey of the Connecticut val
ley and finds that the conditions in the
tobacco growing sections warrant such a
step. The chief object of the stations will
be to give warnings of local frosts. The
observers for the weather stations have
been chosen as follows: Edward J. Day
of Hatfield. James A. Sharkey of Sunder
land and Harvey A. Wells of Deerfield.
The equipment will consist of a full set of
thermometers, recording lowest and high
est temperature, and a rain gauge that
will show the number of inches of rain
fall. Tn tobacco fields near the stations
two thermometers will be placed from one
third to one-half mile from the shelter to
show the temperature near the soil. There
will also be substations in farm-houses
which can be reached by telephone, so that
a thorough temperature tabulation can
he made in each district.
RAISING BBBF IN NEW ENGLAND
(From the Kansas city Times.!
A syndicate of Boston capitalists has
bought 38.1HX) acres of land in Maine for
a grazing ranch and is going to put 5000
western cattle upon jt to breed for the
eastern market. If the experiment works
out successfully it may be duplicated in
different parts of New England, where
land is cheap and the soil suitable for
grazing.
There is no likelihood, however, that the
THE SPRINGFIELD WEEKLY REPUBLICAN: THURSDAY AUGUST 19 1915
——— — J ’
eastern states will get hack into the live
stock business on a scale large enough to
have any important effect on the supply
of meat, because areas are so limited in
comparison with the vast western agricul
tural domain and cost of production is so
much greater than the western cost lowa
alone produces more than 50 times as
much corn as all of New England, and it
takes corn to make good beef.
COTTON EXPORTS NEAR NORMAL
Increased Manufacture In South
Noted In Cenana Bureau Report
Increased manufacture of cotton, in. the
South, the heavy use of linters and almost
normal cotton exports, which it was
thought would be greatly reduced this year
by the war, were the features Of the year
ly cotton consumption and distribution re
port issued Saturday at Washington by'
the. census bureau. - — -
Efforts are being made by the census
bureau to determine how much cotton is
being used in the manufacture of explo
sives. Director Rogers in a formal state
ment Saturday explained that numerous
requests have been received for estimates.
The bureau finds it difficult to get exact
information, as much of the cotton used
in explosives is first purified by estab
lishments not connected with explosive
plants.
Cotton consumption in the United States
during the cotton year of 1915. which end
ed July 31, amounted to 5,598,798 running
bales of lint and 403,389 bales of linters.
In 1914 the consumption Was ’5,626,078
bales of lint and 308,675 bales of linters.
Cotton consumed during July was 498,-
476 bales of lint and 48.864 of linters,
against 448,3.33 and 23.486 in July last
year. Cotton on hand July 31 in consum
ing establishments was 1,401,484 bales of
lint and 192.873 of linters, against 905,-
762 and 84,218 last' year, and in public
storage and at compresses 1.784.812 bales
of lint and 89.401 of lintets. against 425?
102 and 32.366 last year.
Exports during July were 243,522 hales
of lint and 14,364 of linters against 126,-
211 and 8644 last year, and for the 12
months, 8.543.573 bales of lint and 219,111
of linters, against 9,150.801 and 259,881
the previous year Imports wore 35.667
bales, against 23,790 in July last year,
and for the 12 months. 382.287 bales
against 260,988 the previous year. For
eign cotton consumed in July was 21,641
bales, on hand July 31. in consuming es
tablishments 108.872 bales and in public
storage, 35,987 bales.
TO SAVE FOREIGN MONEY
Imperative and Immediate Need for
$300,000,000 to Bolster Foreign
Credit
Out of the disorder of the foreign ex
change markets at New York Tuesday
plans began to assume form for floating
a huge British loan to check the down
ward trend of rates and protect the
money of Great Britain and her allies
against further depreciation. A group
of Wall-street bankers with international
connections talked the matter over late
in the day. When the meeting adjourned
the situation, it was said, was still, in
definite and plans were in embryo. It
was reported toward the end of the bus
iness day that a syndicate of bankers
might be formed to finance the loan and
that the issue might consist of one. five
and 10-ycar bonds.
The outstanding fact at the close of
Tuesday’s exchange markets was the im
perative and immediate need for a loan of
not less than $300,000,006 to restore rates
to normal or thereabouts. There was every
indication that unless some action of this
sort were speedily taken, sterling, francs
and lires wolud be still further depreciated
and the financial burden placed on foreign
buyers of American products would be cor
respondingly increased. A signed state
ment by Sir George Paish, the British
authority on finances who was sent here
by the government of Great Britain last
fall to unravel the tangled web of inter
national credits, given to the. Associated
Press in London and cabled to New York
was read with keen interest by international
financiers. They thought Sir George's
analysis of conditions and speculation as to
future alternatives which American manu
facturers and producers might face was
interesting—and not in full accord with the
American viewpoint.
The exchange markets were quieter Tues
day than on Monday. Depreciation of
foreign money extended virtually through
out the entire list, embracing reichsmarks
and Spanish pesetas which fell to new low
records, the former on cables to Hamburg
and Berlin. In the opinion of some bank
ers, a great deal of the activity and weak
ness was attributed to the speculative
operations of dealers. The arrival in
New York, for Great Britain's account,
of approximately $5,000,000 gold coin from
Ottawa had no effect whatever on rates.
The amount Was regarded as insignificant
in the light of Europe's big obligations
which American manufacturers pressed for
payment. This shipment Jook the unusual
form of Japanese yen. Nor was the mar
ket buoyed up by repetition’ of Monday’s
reports that more gold was en route from
Australia or South Africa.
Exchange rates opened at about Monday's
low figures. Pounds sterling were qiiotpd
at 4.64 to 4.65; franis opened at 604 and
later dropped to 6.05; lires, opening at 6 54,
went down to 6.56 before the close; reichs
marks cables on Hamburg and Berlin fell
to 81, a new low record; Spanish pesetas,
quoted two days ago at 19.05. dropped to
18.80. The course of the market was
irregular. At noon it rallied slightly; in
the middle of the afternoon session prices
fell back again, reaching, in some in
stances. their lowest quotations but they
recovered toward the close.
ONLY A PARTIAL VICTORY
For Western Railroad*— Some In
creaar* Are Granted
The interstate commerce commission last
week at Washington granted a portion
of the freight rate increases asked by the
western railroads and refused'to sanction
others. The advances which the roads are
allowed are comparatively small. On the
items which would have netted the greatest
revenue the increases were denied. On the
ground that their income was too' low the
roads asked for increases in carload rates
on commodities but it did not ask for any
uniform advance. Their program would
have increased their income approximately
$10,000,000 a year.
The majority of the commission in re
fusing the principal increases took the
view that some of the rOads which were
in straits suffered from had management
and financial operations. Commissioners
Daniels and Harlan, the minority, agreed.
with all the increases granted nnd con
tended that others should be allowed and
held that improper financial methods should
not debar the roads from receiving reason
able rates for service.
The decision affects all the roads west
of the Mississippi river and in the South
west. Indirectly it affects every railroad
in the United States.
RUSSIA AFTER TRACTORS
Prince Ga*arln Here to Place Order
for Several Million Dollar*
Prince Gagarin, representing the Rus
sian government, has arrived in Philadel
phia personally to place contracts forqan
non tractor*, which he said will amount
to several million dollars. The tractors,
according to the prince, are for use with
monster field guns which will compare
favorably with the largest siege rifles uwd
by the Germans. Prince Gagarin is ac
companied by A. N. Petroffsky. Ids secre
tary, and 8. C. Talbot, an English en
gineer in the employ, of the Russian gov
ernment. The party will remain in the
country about a month.
NEGRO BUSINESS LEAGUE
Gathering Arranged tor Thia Week In
Boston—Remarkable Recent Prog
ress Made by the Negro Race
From Our Special Reporter.
Boston. Saturday, August 14
There will be held in Boston next
Wednesday, Thursday and Friday the
15th anniversary meeting of the national
Negro business league. This is the first
time it has been held in Boston since the
first meeting, when it was held in Parker
memorial and called out a notable at
tendance. Wednesday evening Symphony
hall will be devoted to their use. For the
remainder of the meetings the hall on Gar
rison and St Botolph streets will be used.
It is expected that some 500 to 600 dele
gates will attend the meeting. Booker T.
Washington will preside. When the
Boston meeting was held 15 years ago there
was only one such league in the country.
Now there are some 600 branches and there
is great prosperity. There is a large body
of committees on all sorts of features of
the management and entertainment of the
delegates. The program has been laid out
in ample detail for the ento-tainment of the
delegates and their visitation of places of
historic interest, as well as for their at
tendance at the business sessions.
The program covers many features of
practical life, such as farming, apple
growing, raising citrus fruits, ranching,
raising poultry, developing Negro towns,
running dry goods stores, interior decorat
ing and upholstering, manufacturing and
sailing white goods, laundering, running ice
cream business, insurance, real estate, and
a lot more In the United States, in 1900,
when the first meeting of the league was
held, there were about 20.000 Negro busi
ness enterprises. Now there are 45.000.
Banks have increased from 2 to 54. Negro
drug stores number 695 instead of 250.
Their number of undertaking establishments
has risen from 450 to about 1000. Whole
sale Negro merchants now number 240,
against 149 in 1900. Retail merchants
have increased from about 10.000 to about
25,000.
During these 15 years the remarkable ad
vance of the Negroes is shown by the fol
lowing statistics : Domestic animals owned
by Negroes have gained in value from
$85,216,337 to $177,273,785, or 107 per
cent; poultry value has risen from $3,-
788,792 to $5,113,756. or 36 per cent; im
plements and machinery from $18,586,225
tn $36,861,418, or 98 per cent; land and
buildings from $69,636,420 to $273,501.-
665, or 293 per cent. In 10 years the total
value of farm propertv owned by Negroes
increased from $177,404,688 to $492,892,-
218. or 177 per cent.
Reports will be submitted on various
forms of business enterprise carried on by
Negroes. It is to be noticed that Negro
women figure in the program and add their
s^are to discussion of business problems.
Delegates will be present from all parts of
the country. Sunday morning a special ex
cursion train will leave Atlanta and is due
to reach Boston Tuesday afternoon. Gov
Walsh will give the delegates an official
welcome to the state and Mayor Curley will
do the honors for the city.
RECEIVER NAMED FOR “MOP’’
Recourse to the Courts Necessary on
Account of Failure to Agrree on Re
organization Plan...
The Missouri Pacftfioft-dn Mountain rail
way system, comprising' ^*ooo miles, was
put into the hapds of a.received Tuesday
by Judge Adams of the’United States dis
trict court at St Loots.' This action fol
lowed a special meeting pf the directors
Monday in New York. B. F. Bush, presi
dent of the company, was appointed sole
receiver.
While the action w as unexpected by Wall
street, it has been known for some time
that receivers might be appointed for the
Missouri Pacific. On June 2 last a plan
was announced for bringing about a
“friendly readjustment” of the company's
finances. At that time it was offically stat
ed that, unless the proposed plan was ac
cepted by *he holders of the outstanding
bonds and stock, receivership would be nec
essary. Under the foregoing plan holders of
the bonds and stock were asked to deposit
their securities on or before August 16. A
special meeting of the directors was called
Monday, at which it was learned that com
paratively few securities had been depos
ited.
It developed Tuesday that the receiver
ship proceedings were agreed to because of
the refusal of some of the security holders
to agree to reorganization plan recently
announced. It is hoped, under the protec
tion of the federal court to bring about a
reorganization, the property meanwhile be
ing conserved under the administration of
a single receiver familiar with the opera
tion of the railroads President Bush is
also president of the ' Denver and Rio
Grande, and president of the Western Pa
cific. now in the hands of a receiver. The
two roads form with rhe Missouri Pacific
the so-called Gould transcontinental sys
tem and constitute a through line from St
Txiuis to San Francisco.
NEW YORK PREMIER PORT
Forty-Eight Per Cent of Enormon*
Foreign Trade Passed Through Em
pire City
The 10 principal customs ports of the
United States handled 85 per cent, or
$3,777,000,1)00 worth of the unprecedented
American foreign trade-in the fiscal year
ending June 30 last, amounting to $4,443,-
000.000. Figures made public at Wash
ington Tuesday by the bureau of foreign
and domestic commerce show that of the
aggregate foreign trade 48 per cent,, or
$2,125,000,000 passed through the port of
New York. In 1914 45 per cent, or $1,905.-
000.000 passed through that port.
The total foreign trade passing through
the other nine ports in 1915 as compared
with 1914 follows: New Orleans. $289,-
(M>o,ooo. agaiust $283.0000,000: , Boston.
$260,900,000 against $236,000,000; Gal
veston $240,000,000 against $268,000.000;
Philadelphia $164.000, OOQagainst $161,000.-
000: San Francisco. $158,000,000 against
$130,000,000; Baltimoresls7,OOO.OOQ against
$144,000,000; Detroit 8143.000,000 against
$129,000,000; Seattle Tacoma, $136,000.-
000 against $110,000,000. The grand to
tal of foreign trade this year compares
with $4.259.000,000 in 1914.
THE ROCK ISLAND EXPOSED
Ry Commerce Commission—Want Dl
rector* Who Direct
The interstate <*onmwrce commission's
report on its investigation of Rock Island
railroad financial affair*, made public at
Washington Tuesday, shows millions of
dollars in losses in stock transactions,
charges the railroad official* with misrep
resentations in their report* to stockhold
ers. discloses great profits to promoters
of the Rock Island holding companies and
arraigns the syndicate operations which
began in the early '9os. The department
of justice has been waiting to go over
the report. The interstate commerce com
mission broadly suggest* action by the
legal branch or the government. It say*
those "guilty of misleading c^iecto to
stockholders should he subject to ade
quate penalties.”
The report says it appeared to be the
idea of those in control of the Rock Island
that it was no concern of the public what
became of the corporate funds so long as
rates were reasonable. The aggregate
losses found to have been sustained by
the railroad company in connection with
the transactions resulting in change of
stock in connection with the St Louis and
San Francisco, Chicago Northern. Con
solidated Indiana coal company and Rock
Island improvement company and others
were $20,000,000. beside payments by the
railroad prior to June 30, 1914. to financial
institutions in connection with the issuance
of bonds, commissions aggregating more
than $1,600,000 after suffering discounts of
more than $1,800,000.”
After pointing to the fact that in 1902
the Rock Island was thriving, its pros
pects promising, its stock selling in the
world markets at more than S2OO a share,
the report of the commission says that
in 1914 the shares had fallen to S2O and
that the road is now in receiver’s hands,
although the evidence shows the earnings
of the road were in 1914 the largest in
its history.
MONEY AND BUSINESS
THE FLOWING TIDE OF TBADE
Out of the ordinary even in extraordi- 1
nary times has Deen .the past week. A
fresh stimulant to general trade came in
the monthly report of the United 1 States
steel corporation showing an increase of
unfilled orders to the amount of 250,000
tons. Since that report was compiled,
as of August 1, a number of railroad trunk
lines have placed orders for steel equip
ment and orders for fully 200,000 tons
of steel rails have been placed among
various steel companies by the French
and Russian governments. The govern
ment crop report, showing perhaps an un
precedented harvest yield in the country
as a whole, has been followed in the
chief grain growing sections by dryer,
warmer weather and that fact makes for
still greater abundance in the year’s prod
ucts of the soil. The movement of
western wheat to market has been much
delayed and the winter and spring wheat
crops may move almost simultaneously but
their enormous volume is assured. Rail
road gross earnings for July on the trunk
lines west were comparatively small, re
flecting the delayed movement of winter
wheat, hut August and September should
bring a tremendous traffic. General
business improves, and bank clearings
show an excess over 1913 and 1914.
The decision of the interstate commerce
commission in the western rate case was
disappointing enough to check the revived
speculation in railroad shares which had
commanded attention early in the week,
while war industrial stocks fell off several
points in a confused market.
There was reason enough for the con
fused movements of the stock market.
Such high tension gambling in the war
stocks as the country has observed for
several months would inevitably be sen
sitive to developments. The cancelation
of wheat contracts by one of the
entente powers caused nervousness, in view
of the steady progress of the German
and Austrian offensive in Russia. But the
outstanding feature of the week in finance
was the unexpected appearance of British
gold shipped from Ixmdon. together with a
large amount of American securities bv
the same steamer, which had landed the
consignment at Halifax. The gold itself
amounted to $19,534,000. the volume of
securities not being estimated authori
tatively. The importation was wholly un
heralded to the public, the general im
pression having been that Great Britain
would not deplete her gold reserve in this
way to check the decline in sterling ex*
change. What course Great Britain
would follow to pay the debts of herself
and allies in America was still involved
in mystery, but perhaps' the best opinion
had been that a large credit in the shape
of a short time loan would be established
in New York.
A week ago demand sterling sold in
New York at 4.75%: in the middle of the
past week it sold at 4.76—a level that had
been substantially maintained for some
time. One of the surface surprises of the
gold imports was that sterling fell violent
ly when the metal reached Now York, on
Saturday selling as low as 4.69%. and on
Monday several points lower Theoreti
cally, various things being equal, sterling
exchange should have risen and not fallen
with the receipt of so much gold from
abroad, inasmuch as the actual payment of
international debts in gold relieves the
pressure for foreign exchange and re
duces the discount on the English
sovereign in terms of the dollar The
violent decline perhaps indicates that for
many weeks sterling exchange had been
“pegged” by the bankers at a higher point
than actual conditions warranted and that
they let the situation get out of hand
when the gold shipments from England
arrived. At all events, the present low
quotation puts the American dollar at a
premium of several per cent and renders
more acute than ever the question what
is to he done to meet the payments for
the tremendous merchandise balance in
favor of this country.
Just what the British bankers propose to
do is a mystery. It would seem impos
sible for them to meet their current obliga
tions here by gold payments, although
they may plan to pay partly in gold. There
are rumors that more gold shipments to
this country from Australia and South
Africa are to be expected in a short time.
In pursuance of such a policy may be
the recent appeal to the British public
to exchange private gold hoardings for
currency, which is now being circulated
in England more freelv. But possibly the
gold shipments tn this country and also
the American bonds sent hero are intended
as the underlying security for a very large
■-redit to the British government. This
hypothesis is accepted more or less in
hanking circles, although there is no real
confirmation of it. The exports of war
munitions for the allies should move in
heavy volume this coming fall, together
with the annual movement of American
grain and cotton, and it would seem, in
any event high time for extraordinary
measures to be taken in financing these
enormous purchases of American supplies.
America does not need more gold, The
gold imports of last week swelled the re
serves of the New York banks, the gain
in cash holdings being more than $30,000-
000. Loans expand, but the banks’ sur
plus rises nevertheless. That easy money
may encourage stock gambling needs no
argument, for the banks find stock mar
ket operations a convenient field for em
ploying their surplus funds. Credits to the
Enronean governments would promote
sounder conditions here, perhaps. But.
for the time being, the situation will re
main obscure. Possibly no real solution
of the problem will be found short of more
or less decisive events in the war zones of
Europe.
HARTFORD STOCK MARKET
Tndnatrlala Continue to Soar Beyond
Reach of Average Investor
From Our Special Reporter.
Habtforp. Ct.. Tuesday, August 17
Keen interest continues in the local mar
ket, and judging from the new high levels
which are being established this interest
is likely to continue for some weeks. Chief
activity centers in industrials, some of
which have attained prices so high that
only the well-to-do can touch them or
afford to invest in them, notwithstanding
their undoubted soundness.
Probably no other stock has attracted
the attention, locally, that has been given
to Colt’s, which a year ago. at the begin
ning of the war, w»« quoted around 200
and soon jumped to 250, at which point
timid ones made many sales. Then it
went by rapid gains to 300. at which
many more ‘'unloaded:" and todav it is
quoted at 498 bld, 508 asked, with re
ported sales at 504. This stock, however,
cannot b? taken as a barometer of the
market jn general, though undoubtedly it
ha« served to <nl! attention to other muni
tion stocks and to strengthen confidence in
them as manifested in steady but mod
erate advances.
Conservative buyers and some who have
heretofore gained a reputation for shrewd
ness are not only watching but investing
in the stocks of some of the minor con
cerns. quoted below and around 100, and
which are looked upon as hound to profit
from the somewhat lopsided prosperity,
though they are not of the war munition
variety. Overflow orders from the muni
tion plants have put not a few of the
smaller machine and hardware manufac
turing concerns on a working basks which
calls for their utmost capacity for some
months to come, thus contributing to bet
ter business conditions in general and
tempting small investors to venture into
lines well within their reach, while others
pay more for the higher-priced stocks.
A notable advance is that made by
New Departure common, which a week
ago was quoted at 149 bid and 151 asked,
and to-day is quoted at 156 bid and 158
asked, with a few sales at 157. North 4
Judd continues quiet but firm. Trant &
Hine shows slight recession. Bristol brass
has gained from two to four points and
American hardware one point, while
American brass, which two weeks ago was
quoted at 178 bid and 181 asked has
jumped to 189 bid and 193 asked.
All local insurance stocks hold firm or
show gains, the most notable gain being
that of Travelers, which shows a 10-point
advance on bids.
LOCAL SECURITIES MARKET
Holyoke Street Railway Stock Falls
Off Five Points—American Wrttlnr
Paper Bonds Advance
Holyoke street railway stock was the
only security of interest on the local se
curities market during the past week, and
that not because it had any activity as
far as sales were concerned. The strike
that affected that trolly company holding
resulted in its falling off several points.
Seventy shares were offered during the
past week and Monday at 110, five
points below quotations just before the
strike. No bids could be secured in answer
to that offering, nor could any tentative
bids be secured yesterday. It is interest
ing to note where the securities of the Hol
yoke street railway are held, the strike
having started all sorts of rumors on that
point. A report of 1913. the last avail
able. shows that of 10.736 outstanding
shares 5965 were held in Springfield.
2287 were held in Holyoke and
in Chicopee, the rest being scattered for
the most part in small holdings over other
cities and towns of Western Massachu
setts.
American writing paper bonds are show
ing evidences of greater strength. These
were quoted Monday at 60 and 62. an
increase of five points. The recent paying
of tlie July dividend, even if reorganiza
tion must come, has helped to bring about
this boost. The preferred was sold last
week at 8%. The Hoosac cotton mills
paid a quarterly dividend of $1.50 on the
preferred stock Mondav.
TUESDAY’S QUOTATIONS
At New York
« , Net
~ High. Low. Close, ch e
900 Alaska Gold M 34 33% 33%+ %
15.800 Aills-Chalmers 42% 38% 40%— %
2.000 do pref 73% 71 71-2
8,200 Am Beet Sugar 62 flqa. 61%+ %
40' do pref 90 99 on +2
29,600 Am Can 64% om. 61%—1%
17.400 Am Car & F 73% 71% n%— %
KMt do pref 118 118 118 + %
700 Am Coal Prod 144 140% 144 +4
400 Am Cotton OU 52 51% 51X4— %
1.500 Am Hide & L 7% 7% 7%+ £
700 do pref 36 35% 35%+ x.
800 Am Ice Sec 26 25 25%+ Xs
500 Am Linseed 12 11% 12 + %
13.400 Am Locomo 58% 56% 56X+-1
100 do pref 99 99 99 —1
100 Am Malt 6% 6XI 6%+ %
8.600 Am Smelting 82% 80% six— %
12,450 Am Sti Fdrr 56 49% 53%—6
1,600 Am Tel A Tel 124 123% 123%
100 Am Tobacco 226 226 216 —1
1,600 Am Woolen 38% 37% 87%
200 do pref ST, 92x* 92% — %
12,000 Anaconda 70+ 69 «9%—l+
2,700 Atchison 103 102% 102%— %
100 do pref 99 99 99 +x;
+0 At! Coast Line 103 103 103 + %
8,300 Bald Loco S 3 80% 81%+ %
4.400 Balt A Ohio 83% 82% S 3 + %
200 do nref 70% 70% 70%
1.100 Beth Steel 288 238% 288%-T%
I'lo do pref 147 147 147 —T
4.800 Brooklyn R T M% 83% .83X4-1%
TOO Bklyn Tn Gas 126% 126% 126%+!%
900 Booth Fish Co »2+ 41 41 + %
2.100 Butte * Sup 6« 64% 64Xv— %
100 Col Petro! 16% 18X4 16%
3.350 Can Pacific 154 1 42% 1431 - %
10.900 Cent Leather 44% 43% 44 + %
100 do pref 105 105 105
1.200 Ches A Ohio 46% 45% 45%— %
100 Chic Gt West 12% 12% 12%- %
300 do pref 31% 31 31 — %
4.1'» Chic MASt P sax, 50% S 3 - %
100 do pref 123% 123% 123’4+ %
100 Chic ANo W 127% 12774 127%+1%
36,700 Ch RIA- FRv ■ 19% 17% 18%+ %
5.900 Chino Con Cop 48% 45% 45%+ %
100 Claett Peab'v 60 60 ’ 60—4
9.400 Col Fuel A Iron 44% 43 43%— %
100 Col * South 25% 28% 28%_ %
100 do Ist pref 48% 48% 48X4+2%
800 Consol Gas 128% 126x1 126%— %
1,700 Conrin Can 91% 80+ 91 + %
24 100 Corn Products 17% 16 ' 17%+1%
900 do pref 83+ 52% 83%+1%
32.000 Crucible Steel 79% 75 T6%+2%
500 do pref 103% 103 103 + %
1.000 Cuba Am Sng 119% 115 115
500 Del A Hudson 140 1.39% 140
200 Den & Rio G 6% 6 6
2.100 Dome Mines 22% 21% 21%+%
125 Det Unit RR 62 62 82 +5
4.10> Dlst Securities 29% 28% 25%- X*
lOC DSS A- A pr 7% 7% 7%- %
9,100 Erie 29% 281. 28%+ %
2.000 do Ist pref 45 44% 44%+ %
8110 do 2d pref 35 35 35 +1
2»X» Fed MAS pr 45 45 45 +3
9.700 Gen Electric 1764, 174% 176 +V4
600 Gen Motors 219 217 217 -2
22.600 Goodrich. B F. 64% 62% 6314+1N
900 Gt North pr 119% 118% 119%+%
15.150 do Ore Subs 43% 42% 427 -*,
1.400 Gnggen Exl 8.5% 63% 65%-l%
100 IHnols Cent 102 x. 102% 102%+ %
2,500 lilt Agrcul 194. 16% 19X4+2
800 do ref 35 31 35 +5
2.000 Int Met 20% 19% 20%+ %
56,600 I nsp Copper 34% 33% 34%—1%
4.100 Inter Con 2! 20 20x4+a 4
1,000 do pref 72% 71«. 72 + %
200 Int Hur of N J 106% 106% .106x4- %
2,600 Kan Citv So 2S 27 27%- %
900 do pref 58% 57% 58%+ 'a
100 Kresge Co ' 144% 144% 144%- %
2,800 Lack Steel 55% 54% 54%- %
I<X> lawlede Gas 102 106 102
1,500 Lehigh Valley 1+3% 142% 143 +1
100 Loose Wiles 19 19 19
100 Mackay Cos pr 68 68 68
14.300 Maxwell MCo 49 45 48+4
9.1'10 do pref 92 88% 91%-2%
7.500 do 2d pref 39% 37% .38X4+2
5.700 Mex Petrol 82% SO% so%- %
2,000 Miami Copper 26 25% 26%+1%
100 Mo K A Tpr 18 18 18 + %
4.825 Mo Pacific 2% 2 2%+ %
400 Mont Power 51% 5OX t 51%+ %
305 Nat Cloak A S 75 74% 74%- %
100 do pref 106 106 106 + %
2,900 Nat Enam & S 25% 27% 27%-%
100 do pref 89 89 89
1.100 Nat Lead 65', 64% «4%—A.
<•7O Nev C Copper 14% 14% 14%+ %
7.300 NY Air Brake 119 117 118%+ a
2,500 N Y Central 91% MM 91 + %
SOO NYN HA H 64% 62% 63%+ %
100 NYO A W 28% 26 26%+ %
700 Norf A West 108 107% 108 - %
94X1 North Amor 74 71'. 71%— %
2.950 North Pacific 106% WT% lOS - %
2.500 Pnciflc Mail 35% 34% 34%- %
1.200 Penn R R 109 108% j W %+ %
3.400 Phtla Co 79% 77% 78%+ %
200 Pettibone Mui («% 66 68%+3%
19,94X1 Pit is Coal 29% 26% 28%+2%
4.100 do pref 97% IW% 98%+1U
8,100 Press Steel Car 66% 64% 65 - %
UX) do pref 101 101 101
200 Pull Pal Car l'+ 1'13X4 164 + %
9,100 Rv Steel Sp 42% 41 42 + %
100 do pref 92% 92% 93%- %
3,400 Ray Con Cop 22% 22% 22%+ Xi
15.600 Reading 150% 147% 149% +l%
31,400 Rep 1 & Steel 47% 45% 45%+ %
l,»0 do pref 99% acsj 99%+1%
3.300 Homely H 8 11
IWO do pref 13% 12 ISU-4-2U
TOO SHARP iS w I*
100 do Ist pref 7 7
W do 2d pref 5% r.% .vk_ i?
300 Bre boa rd Al. n% UH %
SfO do pref at 82% «_ %
_w? §f ars K>7% 158% 157 + Z
fl 700 Sloss S 8 4 I 5«% 54% 55LLJ- 2
^oiith Pacific 90% 88% 3
2.700 Southern Ry 16 75% tajr M —
1.400 do pref 48% 47 47^1
20,000 Studebaker 120 112 714 —1
1(n 108% 107 4-%
Tenn < "upper 47% 48% 2
Texas A Pacific nr mZZj
500 Texas Co 147% 144 141?%.-2%
LOOO Third Ave 52 51 51%+ 4
200 Tabacco Pr pr 102 102 102
100 TStL Wpr rtfs fl fl - o—l
LnlonßagAP 7% 7% 7%-%
.I* 1 do pref 29 29 20 %. u
Union Pacific 132% 131% 132 4- %
100 do pref sig 81% o
500 United Ry Inv - 19 IR% lag 3
400 do pref 87 2g 28%
4.800 VSCI PA F 23LJ 22 22%
27 ’2® V /?“ bb *’, 53% 52*+3%
103 105 AIS
700 dopr«»f 112% 112^- U
9,400 Utah Copper *7% 2
v a f ar a 7 ** a«4-%
3,400 ValroiiC&C 4.2 U
100 West Marv
M ion w e 2i rn s te! 7r ’ 72 +
3 100 11T % 119
Wool worth jO&Li 107 -L-1 .
^IOO w”' 7 ’ d M 7 181% 182%+1
TOO Wiscon Cent 36 3g 3g % %
+lncreaae. - D°-rease tEx-dtrtdend.
local provision market,
meats.
5? C °P. 23'83® Sausages <J>kg> 23030
Sliced bacon 20835' Frankforts 20^3
bard 1+&30 Bologna 20
bAT Hams sliced 25040
S^goneyeomb X
^^-Tonirue 25^28
f Mutton—
-20^28 Forequarters 14*318
Hxndauarters 2f^L2^> Legs
Forequarters 1(5020 CairTltver M
B r hoP« 30050'Veal-
Ben nd 25-035- Cutlet 35<ftSS
p u ™ p , 40045 Boast 25030
Porterhouse 40045 Chops 30035
Chuck MO3 Forequarters 14020
Bambi rz 15025 Fowl 20XB
Roast 241028030 CTuekan 20030
®>ort 25035 Philadelphia do 32035
Corned nb) 14030 Western broil-
Corned pressed I ers 22W»
c? i. * Native broilers 27^32
Smoked 25^40 Squabs (palrt L2O
Dried 45 Pigeons (pair) 50
Wls, Capons 35040
Smoked shoulders i. Turkeys 22030
14010 Spring ducks 2000
Rama 20028 Geese 22^25
Suet 10
w GROCERIES.
Pickles W 20550
Tnb 3f*533 Vinegar (gal) 20^40
Creamery 34^40 Sugar—
Butterlne 18@24 Granulated (15) LOO
Cheese- Brown a fl) LOO
20. Cut loaf rt® LOO
2^ 34 Powdered (9) 1.00
33 Molasses (gal) P. R.
Edam (each Maple rimp (gal) 1.50
1.00^1.25 Eggs (dozen) (local)
30 .WIRB
Roquefort 43 Western 25^30
GRAIN AND FLOUR.
Wheat— ; Corn-
No 1 white (cwt> 2.50 Rye (lb) 5^
Bran (cwt) 1.50@1.55 West (ewt) LSOtIJB
Middlings (cwt) Northern fbu) LOB
1.f10@1.35 Linseed oil meal 2.35
Rye (baled) (cwt) 1.00- Cottonseed meal
Mixed feed (cwt) 1.90^1-96
1 .0r*571.70 Flour—
Gluten fewt) 1.75@L55 St Lojls f 1.7357.25
Cornmeal <cwt) Harai! 7 5038.00
L90@1.85 Entire wheat »Ib) 5
Oats 0?u) (new) 70^?75 H.iv (baled) (ton*
Straw (cwt) 1.00 old
VEGETABLES AND FRUIT.
Romaic 10! Apples jpk) 30350
Chicory 10; Peaches fat)) 10^15
New beets bunch) 3^s’ Cantaloupes 5^12
Lettuce s^B! Watermelons 30345
Green string beans Green peppers (doz) 15
(qt) s^lß Bananas 20fi?25
Pineapples 11X720 Red bananas 30j®30
do doz 2.0013.00 Figs 20fi?25
New potatoes fpk) Datev. (lb) 12Sj>14
12018 Mixed nuts 15(^22
Parsley (bunch) 5 Shell beans (qt) 8
Celery (bunch) 70^15 Gteen corn fdoz) ; “• •
Blackberries 12^18 12^2*)
Blueberries Spinach <pk) 1X225
Oranges—California Cu-nmbers s^lo
(dozen) 25^f10 Radishes 3
Banking and Financial
SPRINGFIELD
FIRE AND MARINE
INSURANCE COMPANY
CASH CAPITAL. 52.500.000.00
A. W. DAMON. President.
CHAS. E. GALACAR. Vice-Pres’t
W. J. MACKAY. Secretary.
PRIOLEAU ELLIS, Ass’t Sec’y.
E. H HILDRETH, Ass’t Sec’y.
GEO. E. BULKLEY. Ass’t Sec’y.
F. 11. WILLIAMS. Treasurer.
Springfield Agents:
Oppenheimer & Field, 14 Fort St
Special Notices
mani facti rer of
FLEXIBLE ARCH SUPPORTS
Othopedic Appliances for All Foot Trouble.
WILLIAM RUSSELL
21 and 23 Dwight St., Springfield . Mass.
Real Estate—Farms
IteSM EnEKS attention-fob sale.
r Fann containing 420 acres, pleasantly
situated on rhe State road between Lebanon
and Hanover in the town of Lebanon.
N H. Farm is in a high state of
cultivation; soil is a clay sub-soil; house
large and commodious with furnace heat,
electric lights, hot and cold water, with bath
and flush closets, running water at house
and barns: also water right to draw two
thousand gallons of water per day from large
reservoir now being built near bv with a
capacity of one hundred and fifty million
gallons; buildings al! in thorough repair.
This farm will be sold with all the stock,
poultry, swine and farm tools and machinerv
and crops, and is one of the best farms In
Northern New Hampshire For a home or
Investment this is the chance of a lifetime.
R A. Spafford. Agent. White River Junction.
Vermont.
Special Notices
New England
Vacation and
Tourist Resorts
THE REPUBLICAN’S Re
tort and Travel Information
Bureau exists for the conven
ience of our readers.
We will be glad to send in
formation regarding the resorts
tn New England, Western
Travel and the Expositions, the
Canadian provinces and other
Northeastern points to anyone
who will send at least four cents
in stamps to cover the mailing
costs.
When writing be sure to in
dicate the region concerning
which information is desired.
15