New-York tribune. [volume] (New York [N.Y.]) 1866-1924, December 27, 1912, Image 13

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New-York tribune. [volume], December 27, 1912, Page 13, Image 13
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 27 Dec. 1912. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1912-12-27/ed-1/seq-13/>

Newspaper Page Text

f EF ND1ES OF FINANGE
Paracjraphs of Current Interest
for the Investor.
?
led with o
? ,,.- work. This wo i
:? in Youngitown wlll
? of Bteel ralli
. ohlo worka, with iti
rtl plan, li capahla of
l cheaply aa any
? : inta
I Company's Plans.
Owagi Oll
? ..I BB
- ? ompany
. lop thi former'i
I
Teua
iny, whlch is
? v ii, Okli
roperty wl - l?Ot been
Ire be*
; ? ? to be drllled. Dl
...- .^ ? ipect
. t. , take under advtee
meuit tl ?' '??" "',:: '
?wV tl rough an exchange
thi latter lot Uke
I Comi
Sr-eHometer Corporation.
Thfi gte, W\.. dometi r Coi
porat'.i". onranlaed under th<- lu^s of
? ,- squlred all
of th- '
K - go ..'..; A !'. and
,- i ' has
I , | atock of
? ( |] BU '. '
: . eiera
, .- branchei and
-
B irope, an.i th, new
Btatei an.i
.., | otyeai Indlcatori
. - ' b prlndple. Th.>
Of thl Rt-wnrt-W...
; aUoo la tm.OmO.Om
I ? - ' oat eent curau
ferred atock. red?emar.'e at
I $ 600 pet annum.
bnnkera, ot New
? ? .;? ed Ihe
. - at the- new
Ita .;:.;?,. lal traneact
:-? ? ,:t ?
U be
? ? and
il! bl its ? ' a'"1
..fthenow
..??<_. wlll remala as
t r.r iacb ne*
? I ..t.-ly.
Gro?ving Birmuda Business.
a tbat the
8 foodi Into an4
than a:'.
Of thi lotal Importi
t S.W.IN, i wam of
the I'nli- '1 Btab l fur
VBlned nt tl.M0.0M, a
I m amounted to
i i I ??'=??. ? '?
... ...,. oi n\,m
com*
I
Bntsh West Indian Trade.
Thi - has not sl
reai ln l rpnlatlon or
. .ta irada Incnaei
ttie total being
Importa Incraaaad. hut exp.>rtH
The pui : electrkml
.,. md iu?ar ci ied the ?aln In
the land lultable for
? ' ' lMo"
? j on of Unpi ired
nanufacture of th* prlnd*
.,,.,-. I..--.. ..-?? i ?? outpul
tt-1 to
? -..-?...'.
. on which
.. u power of
wlll be ireatly Increaeed ln
ir In
itiooh tor the eucai
'l .n 'In *'
..i jrleM ls
NEW YORK BANK STOCKS.
TOBACCO STOCKS.
? \ tt. I W^rl.rlman *
C . So tt Broad ?tre*t ,
Hljjh. l/ow.
J!f.'4 14*'_
Ittd
tt%
i
M
io?4
IM
IM
A?k.
2t
r.s
?i
1"9%
117
110
M
CAS AND ELECTRIC COMPANIES.
New York.
'i aaedar.
Kld. A?k.
?
.110\t
df, I ? ;,.?
\.l- .
Bld. Aek.
t'nlon ?a? 6*. 10?% 103%
0 IH0
? ' .... .100
' :.- iw
' ? -I Kl v :,,. '44. iu.,
Handard . 10
laUMal I* be alded.
1"'
1?*
1024
l.o
]O0
100
106
*0
1<>3'?
1K0
1?1
|M
104
PUBLIC UTILITY NOTES.
Advtoea from <r.tt>n\a atate tbal Parlla*
menl baa baan aaked to authorlaa an ln?
94 Iti tba oapital stock ol tbfl t'ttow.i
Blectrk Coanpaay from |i,aflO,000 to I
? ?"> aml alao of tha Ottawa Oaa Com*
paay fmm ItOfl.flOO to |2,..""" The
flrowth of munlcipal ownera! Ip in Canada,
feared, la nkeiy t<. mabe it dtflkrult
for OOrporattona operatina; iimler ara*
Dkrlpal francblaea ta obtalo thla aorl of
letli lation.
Tlmt pubUc utility bondfl hio l.MiU.-r]
npoa ns i better Invaatnoenl thaa bonds of
iimiiy other kinds of corporatJonfl la Bhoarti
i.v tha raport of tho Controller of the
t'urrt-tH.v. Banha have tacreaaed thi-tr
holdinga of Imndfl of water power, ?.
;in.l t-li-ctrlr MflBpaalaa ?:nl atreet rall
waya to .i r*onaMarable extent Iha 85,*
I anka laal raar Incraaaed thair own*
i rship of thlfl Claaa of se.tiritiea l.y I.I
j.er rent. or BbOOl |5I,.,. Tlie nver
? _.- poaaeaaioi) thin ...ar of rallroad bonda
an.i Btocha waa $?'. 1,7m, asatnal MM92
laal raar; other pubUe aarvlca corpora*
193,914, flfljataat $__.r>r.o, Hrid othei
Btocka and bonda $4",7i;i, hb eonaparod
Wltb $17,9.1 laal yenr.
1 ba . ihio rubiir Beiricfl Commiaalon hai
ed .?i!|ill<-atl()n fi.rn the I >a> t'?n
Power an-i i.itrht Companjr for anthority
to bwue Hflfl,. preferred and $40.7."
rommon lo ba exchangad for $100,000
Xenia Can an-l Etectrk preferred at r^r
.ii.-l 199,909 conimon nt 10, Bv thla
aarawflnami tha Daytoo otwnpany will aa
eure tha entire capltal stnik of theXenla
company. Thls la part of a plan, lt ls
aal I, to ^xte.-i.l Its operationa to n-ija Bl I
towna and will treatly Ifwreaee tht ?
pany's earmntrs.
Tbe iiirt- Llght an.i p.iwf-r Corpora*
tion. Whlcb haa recently BOld 110,009,099
flrat nn-l reftindlns; j per cent bon-1*
mablng rapld prograaa on the large by '
?lectric -i. \ elopmanl oa Ri** Creek. CaJ.
it ia axpflotfld tha taro new plaata will
be ln operatlon nhotit Angtiat. 1911, and
wll] hav.- ? eapadty i.*" | 900 boraepower.
It la sald thal the Southern 1'nrlflc In
torr-ata a re largely connerfe-l wlth tho coin ?
pany, and the Pa.-inV Kiectric Rallway
Company. avlil. h owna the Southom Paclflc
electrlc llnes In S>"ithern t'nlifornla. laiht
principal parchflflflr of power from tha
Pudfle. Llght and Pouer < 'orporatlon. It
is also aaid that th*. company rontem
plfltaa ihe ooaatraclloa of 1,000 miies of
ele- trio llnes in additlon to the 1.000 miles
Whlch II now has. lt ls eatiniated that
the coal a III ba ah t |I0,i N.flflfl, and
when completed will cover Southern Call*
fornla with trollev raila from Jj-anta Bar
bara to Han 1<i.-r.>
Thi? Public Servloe COmmlflBioa, i'd l'ia
tri. *. has authorize-l thfl PubttC Hervl
Corporation of L?onfl Island to esecuta a
truat deed 10 .-.., :ro ar, iasu*- 01' (S.000,000
bi bonda. The company ls authorlaed to
Issue preaently 9904.000 in bonda nnd IA*. 001
? I ommon capltal ?track, The proeeed
iaed foi ll t conatruetion ol pai
iiiain?. ?? Improvementa.
U. S. TREASURY FINANCES.
w/eabtafll a, Dn. 91- Tba eendtttoa ef tbfl
tea Traeaery at tbe baabuUag ef
htifine.-.i to-day wa?. Worktee balaa a 9(-' I
etl.tht la banka and Phllti pta* Traaaory.
m.flRMflfli total ef aeaaral fuad, .?i*^.4-4-,. _i:
\ : t- I ?'. dlflbaraaaai ? ti
IM 903. The deflell thla fla al .->-?t le 11.90
t a dofli tt of t_2,808,4U laal
The f.a-.M- f i r>-<-;,'*., dlabureementi >.
del '? . \ de Panama < anal and public flebt
tranaa." 1
GUARANTEED STOCKS.
(Fomlahe : b) Bnl
11
ltld.A
Alb I Bai
4.1b fl VI
Allflfl fl *.*
I ?
AUg A BO*/ 199
A ,\ r* \ I 16.
A 0 fl M M <?"
H.eoh < real M 2
j tt fl Alb ai
Boat ,s 1. 199
Boat \ P...JBI
R fl 7th Av.190
. ;eo
Cat lat pf...l09
I f...191
Ci fl I ?*? "'J*1
Chal A Q. H-3
C A.- 1. I '
do Ctfa.. 13"
.,., . tti 1' ita
C fl h C pf 11"
CI?V4 *
?' '
\ 202
.'..n A Porl Ii9
CKy a u.n
i!o pref.... 'i
?
pei a p 1
f. ., a m ra
,, 1 :ef .IW*.
Dei 11 I -
Ka?t Penn..128
. ?
K.im A IV..109
ef .. 14.:
I ? > 1 Kal 200
Krte I P .191
k f IflM,
F W A .1 Pl 121
. MO
KiHiikllti '.' a"
.; BBAB
?, A -'?
li; RlV
H A C *b IJ
Herel
III - L '?
in.'eccan T. *9
K A A O B !S0
KI I'-'M ?
K-'Ml.*-'I'f '""'
' . '
I. Ml- ?
I. -; * M B Wl
I. A M R
L,| N RAC 190
II c it rf 109
m Coal
Man'ialtan 1-7
N ?
njtham !_-. ? l -. .- a
l Hl .i-i?a> -
AaVed
M ,^ iv\- V>'...199
m mn a B H ? a
M li fl h ll ::i
- .'. i
do pref
j do txtn N
1 Naah A D
Naah A 1.
|N?u I.-n N
NT f. il ed
NTBAMH iflli
! n v || Tal 99
Inti. i w
iMnth Ave . 9
North ' ?:
N II....140
North (N .1-. M
North i
1? rtha Tel..111
Noi A We
Old Coloi
[Uaweflo fl ?
I'K fl Al
Pai a- Ratn, mu
ivi,ii_ val.. U9
Peo A 1
p <; I
II* I! 4 :.
I do l '
i" I ! 9
170
us
7-1
170
17.'
' ?
.
i
?
104
170
M
I ?
i.-O
?4
? I
? - ;. i: MO
i- M< i. .
AA f..l?l
?
I
Ft fl O Vy.. II
Bon i i\ ?
liar tv V n
.-ura fl 'li
Heeond v ?
Bharon Ry .
Blath Aara .
Su a At Tel. 9.
goath* of <; loa
r- I. 14 ll '
do M i ref. "
-i .1 A flo 1
do j.ref.Ifr)
B B 4% N 1 ?
r A O B A. 199
in of tn i. || ?
7'V, ||d >--e^r 2B9
1'<9 I
llu
ini
15.'
140
121
193-Ti
199
tn
: ?
49
?>:
104
149
144
112
Ml
3.
7i>
197
191
.
. io
til
11 .
, i c d 9 Vy .141
1*< x B
L'NJBR ft Cl
o
: r & 11 Rlv.
V? Of N Y.
Vi * Ben,
? 'A'art'n .
r.7
r.o
;? i
m
140
119
19
119
120
100
110
1 I
.0
Ht
119
144
::,
24U
1.2
IH
K0
MISCELLANEOUS STOCKS.
i ?
l ? Pr<- |erl ti Ha I
foi and Booton.)
Int ln:
tate | >
No>e . 4 Q-J
Am P,*\o Ni'? |.ref.. Q 1
Ain I'Tntia . U Ma
11 Mo
- : at ...... 4 O-J
Am lH*t Tel of N 3... 4 Q-J
Am i'" - . ,: W -lAKx
Am I hrea I ; ref. * JAJ
At . T>P?f -n!"**1. 4 ]* '
> ? . ? : lern pief. 7 Q-J
pefoandera <l M ma N
. .. 7 y-J
Ba - - ft Bn Kh. -
0 -n.itti pref . ? Q-M
I . Milk.... I Q-M
;- | .',?- I Milk Pf. J W M
i: i-1. 'i e. rninal. 4 Jft.i
- ? i Iroworka. - -
^ i i aavorka pref. .
? ?? A Llght. 4
ellulMd . 5
Q-F
Q M
Q
Pid Aaked.
U $&
M 69
irn ho
:;-. 2io
I.. '"i
..j I
H
4 4
41 91
im i*i
1-.-I 102
19 !.*.
,i 10
III 111
:-.i io;
io
9
M 90
8 Q -.1
Q-.T
MA V
JA.I
y ?***
y-F
O-F
.1.4 I
r
' Tow-ler. 9
Pu i nl Pewder pref.. r.
Fmplre St.-t i A Iron .
En plre ? A 1 pref...
K \\ ItilfcS.
I W Bllaa pref...
Federal Ugp\ A T.. -
i , i, .il I. fl T pref. ?
lm N kal. -
i x t NicbaH i-ref. I
li - Wlver pref.
Klni* Co Bl. J
Kal Caah Hea pref. 7
Nllea Heineiit-1' ........ 6
? (j Bem. tit-P praf... 9
il i iH.n.inlon Pa. *
.tln Klevet?r. 4
Pac '?. Af*K. -
Pac OAK pref. 4
Phelpa i' fl Ce. io
Popfl Mai.iifa i irtnf
-lf?r iref. ?
Fi. liif.er*' tlll.??? 0
Piatt A Whltney pief.. ?
Royal Hakln* Powder.. U
Rotal Bahlna !'?'"> PTBI S
Bafflty C II fl ti. ? _
iien-i-en C'hli let. *> arlous
Texaa ft Paelfle l^oal.. 4 i^rrlp
Trenton I'otterlea....... ? ?
Ttentoiv Potterlea pref.. ? -?
rrenton Pot Pdfl BtflB.i < J*J
Tr..w Mroctory. ? ?;
I'nlon Ferry. Q-J
I'.ini Typeaarilur....... ?*? ??
M.'nton Typew laf pf--- ? AaJQ
?I'nlon Typew 2d pf.... ? AA'I
I' H Flnlahlna. * Q '
r h Flnlahlna pref..- I Q;'
r s Fini't.iiia lat r.a.... ? JftJ
I B Fltilahli.K ? on i*.. ? JA.I
v. iiatriiuii Rallway. ? ??
i\.at Paclflc. ? ?
wem r??ei.? ?
Weni Bower pref. ? -
?si* dlildenJ. '
?
?l
I4A
I ->.
..
I I
IM
<*,
ot
ll
- ??
macx nr.
y i 7:i
Q-M 190
Q-F l.?.
(j-M&Ex 210
Q-M IM
y-MAEx 111
119
!''
G
40
20
IM
101
1-4
ioo
9.7
16
M4
V4
100
14
M
9.1
l:i
.ta
M
147
107
141
I
125
?Tli
M
110
71
M
WM
220
3.
71
ior.
21.1
109
111
117
100
9
>$
ne
104
???
100
106
100
19
li
IW OF WALL STREET
t of thl hollday on the I/in
d<.n Btoch Exchange theri was bo tradlng
for foreign accouni la the local market
yesterd
Dlvldenda havi b, ? i de< lered as foiiowa:
Tarmlnal Con u i :i per cent on the
payal le January - to at? ?
?. i 2 i" r rent on tlie
? ..M.: ?'ti, payable Januarj i'i '-. itock or ttt
..i.i i ?... i.... i ;:i
Pourth X.,ti..i...I Hank, r.-eular nuartertt of
fanuar) 2 Books .losed
_
M. n ( anta' '? aasal annual of
4 per r, t to atock of re<
? ? | I.. ? :. . i _.i Thl* n- -"i in' ri -
te of 14 par cenl
Delawar, 1 I Weatern Ral " < i
: ( v.. -r qUBI '? rtt t>f St4 I" ' ' rn'
payable Janua .- el ai Jaauarj 4
anl i - ? 1"
Qreai ? Company, reeular
? '. i i ; ?; payable Febi
i ry 1.
' pe - -i , nn t;,e
|?,( ? ...tt.tt:..-'
ii ? -?..'( of record 1
l>. law Iti ?'????? ? a A Wr?tern I'oal
rlj ..' _ i '?
ti | ? record De, eni
ber .(i
? ' . tuiete' Mghl at.d H'-at '
.f 1'. ; ? i cent peyai le Jai uary ln
Thla if an ln reaaa of . ?' i r*r eent over
itloti tt' Beptemtx
? ? i
Bath Compai ?? of Clev*
gular qvartei > par rent, payat.ie
\ l
t'nion fCatural Oas Corporatlon of Pltti
burth. regulai quarteriy of _tt par ? ^nt. pay
abl. ';. lan u Booka cloea i.ember 31
open January im
Suburben Electric romi-finle*. reffl
lar ? i ertei u i.t $1 oi. iha preferred *l ofc, l ?l
?-?: ij :.i iti of i ' ; laauai. 2
Pennsylvania Ltat | iny, r. milai
quart, i ly ..' ltt;' . .,? ..r. tl;.- i r- '? red
.,ry ].", (Q , old, ? of r<<* -
' l.t'tttt.iv I
Ki lar-. El*ctric Company, usual ?'<? ?>"
. :.ii i f |8 a ahare on th, lock pa) -
I t. I n
H.'V 1
The nlTn-e nf vire-prfnldent of trafflr- nf
Ihi Western Maryland Railway Company.
to bi vacati l by John T Hendrleki "n
January I, win bt abollehed after that
date. Tlie place "111 he filled hy the ap*
polntmenl <>f b oeneral traffl.' manager
offective Januarj l. T. .1 Imlley wlll i>?
appolnted freif11 trafllc manager and the
place of icneral freight agent at Haiti
mor* x\\]\ be abollahed
Al the nnniial meeting ef th? Amer'ran
Poal Company, John H. Barrott was
elected a .llte'-tor to flll a vacancy. Other
directors w,-re re-elected
Frederick I^w1-K?hn ha." heen eloeted a
member of the N.-w Vork fltock Ex?
change.
Ti.e Sew York sto.-k Bxehangi hi-, ad*
mitte.i t.. liti t ?? followlni leeurltlea:
. National n.-.t.k of .v*w rork, M.
..".?.. capital itock; (leneral i
Company, I1.2.AOO0 ad lltlonal I ; ?
cnmnlatlve pi. fen ? 1 Itock I I
dltlonal common itock; Petttbone, Mulll<
ken Company, H-IIOlMO first pref, ? I
.-t.. k and P. ? lock, with
? ithorlty i" ad I ?? ? ? Bm
preferred and J ? I Idltlonal common
.-t..ci<; sieni .v- Baa ITaii ' co Powei
i 'omj any, Of.100,000 flrat i rtgagi ?'? P*
cent forty-v. #; lf, Rume*
ly Company, S-'.R-^ 000 addltlonal eommon
stock.
W, R Thompaon, aaatatanl chlef mgt
neer <.f the pmpertie* managed I y H. M
j<- letbj A- Co., i-a" been appolnted tn.-,-'
;,grr of englnOCrlflc an.i COIUrtructtOa for
the Bylleeby propertlee, iffectlvi .'ar.
nary 1
Charlea M Bchweppe, repceeentatlvi ef
i ee Blgglnaoti A Oo. ln Chicago, wlll be
admltted t.. pertnerahlp >.n Januarj 1.
A handaomi lllum d ted le
th*" form Of I 'TOOtld roUn" hal t.een pre
aented to .T>.im W. Platten, i ?*- ?
the Unlted itateB Ifortgagi and Ti ??
Company. The tribnti nuti al| ad
ti.e offlcers and etnployei of thi com*
?
Thi time for whlch ti.e depo-.it rt ..
,,.. ,,? th>- Toledo Rallwaya d t.jki t
? ?? may he made with the Met;
York Truet Company ha* been extended
tr. January i Up to Ihi preeent aboat TS
per cent of the Btoch and B ; er
the hond.e have bOOn depoolted The ex
tensinn of time 1? made Bt the fl Mt Of
n number of lecurlt; nolderi who sav
they have not recehred notlee of the plan
of reorganliatlon et Ing foi thi depoi t
of tleir hotdlngi.
delphli .','!-. - ? ,:, i^ penn
?ylvanla Railroad Company hne . t out
ati leeui >.f ihorl time iiot.', Ii lt mM
that not h?fi than | 000 W of i otea, run
nln| from ?ix monthi to ? year, i.;. .e
!,. to aold, or .nre aboul to \,r- ?.,m. t., i
?yndtcatc headed bi Kubn Loeb & Co
on a Hi per cenl i ibIi
'j'he November "amlncs of Ihi Ati hlion,
Topeki tt Benti Ft Railway ijratem,
?.ii. ii u.-re publiehed yeaterday. pre
?ented ;, conttouatkm of Ihe remarkably
(ood ibowini of thi preirloui month.
<;r>.?.>? ihowed nn Increaae of 1000.405, while
in i after taxea nt,'frr.tti!.lti-.i t'.'^.uv, a
Kaln of 007,611 With the additlon of the
November earnlnaa the fhri months net
nfi'-r taxes uns $l.r..P77,41s B ?aln >.f I2.1S9,
ZM
The ("iii.-.'ieo a Nerthwutini Railway
Company for Wovember reported ?rosa
r<s.f,iueft. mclading all Other rereipte, of
|7_I36,104, and nei :>ft.r aii chaign
amounted to VJ0XM7, Thi former i? an
-. ..- of WO.000, an.) the latt-r of ll1*'.
th; over the iami month of isni. Net la*
come f?i the Bve months ended with No
vember M was J*.'u".,i>sl, an increaae of
tl.110.M7.
QrOM <.;eratlnK revenurs of the Routh
ern Railway Company for November
amount-id to 16,044.147. a rain of pmVtjWt,
(i|.?-ratinc txpotmeo, however, eonaumed
*t K0.T1I of thi? amount. no thal n.-t iara*
;r.^H aft.-r tiixt-a came to IM01.100, un ln
.leaac ol* 61-&.-17. Kor tho perlod from
jt.i-. i t<> November io th<- oompaajr*i
r . t . ..riiinfia were ^.tllttt, an m.-reaao of
ItOi Hl
Thl I'hicago A Great Western system
laat month earned a k'"** of H.17H.762
from Ita 1.49b mlles of r.ui'l, an Increaae
of $f>7.47-\ After Ihe additlon of otber Ib*
(nine BBd allowlnj,' (OT taxea ai,.| ..ther
cbargei there remalned ? nei tncooM for
the month of |UMA ta agalnai HJN for
thl aame PMBth of Ml. an int-t...-?? ..f
$.,;..".:;y. Fat ti.e tive months . oded Novem*
I , r ?,<) net Incoine agKreyated P*oAm% a
galn of S18..1.9.
Xhe Minntapoiis & st Louti Railroad
Campany'a Novemher greei wai Iv>i.ij:<.
at, increaae of 1212.vm. total n.-t f..r tl..
niolith waa $2.2.74:'.. an linrease of JlSii.JKt).
Kor nve months the <ompan>'B total n.-t
waa *1.2.1.479, a aattt ot ?4tf.2i:?
a ? - ?
$2,423,000 FOR NEW EQUIPMENT.
Cleveland, Dee. 2t;? Pederml Ju,1k_ i>a
to-.Ia) aUthorlaed U illlam II Inincin, r- -
eelver for thi WTheellni *.- i..-.k<- Krio
Railroad Company, to laam IM-MOI la
recelvers' certitl'atea for the pur.h..-..- ..;
new mulpiint Duncnn h..<i appMed for
autborlty to i?Bue H.ixw.OOi) He 13 ln
Btructed le papehBM UdrteeB hundred
fretRht MTfl and twenty kwoBMtlvea. thi
remalnder t>> be nse.lt.. tnalntain hridges
and thc,cunii>any'a dotks at lluion, Ohio.
STEEL PROFIT SHARING
U. S. Corporation's Plan to
Take Effect in January.
PRIVILEGE FOR EMPLOYES
May Subscribe for Preferred
Stock at 109 and Com?
mon at 66.
Cleeely followine; the nnnounrement on
Chriatmai Bvi ly Judge C.iry, chalrmaa
of thl flnance committee of thl Unlted
Btatei Bteel Corporatlon, of certaln ln*
. reesefl In wagei boob to he put Into ef*
: et by Us .uheldinries. came the official
lnformatlon yeaterday thal next m'mth
the privlleee of ai.bscril.iiiK to tii<? pre
ferred sto. k en a baali of IMI a shar.
and thl oonimon stock at 0t a s.iatv wlll
be offetrd to the employea. This M a o.n
tlnuance of thi policy adopted hy the
.-?,-. i Corporatlon in IMI hhi obs"rve.i
sih.-e thnt period.
Leel January the BObOCflptfOO prleOWBI
tix.,1 at li'.'J a share for the preferrod and
$>,;. a ibari for the c jmii.ofi atock. The
allowanceh for special com;>enHiitlon ?
bonui to be pald sub-rrlbers ln IMI wh?
retalned their atock were fixed at $6 a
ali.-.re f. r the prefern-d and J3 il annually
for tho common. Buls, rlptlons were r*>
c-lv.-.l from MJII einploy.-a fOf M.M0
lharei ?f p.-oferred nnd ;i>>,7^'- ahares of
. ..ii,'I,. n atock
The blgheet prl'-e e\or pald hy employes
..f th. Bteel 'orporation under the pres
. nt pr ?!t ihartaf plan was UM a ahara.
In 19!'>. while the loWOOt wa? Ifl 1904, wh"n
onl] Mi araa pald. Tbe high-sr prlei pald
for th.- common waa in IHI, when it com
manded IM a .'?(.are. ai.d the loweel prlee,
of $Vj a pc.ire, was pald ln 10M The proflt
iharing plan, no f,-,r as the junior teeoe
I concerned. however, bai been la <>p.ra
tlon only flnce .Innumy, HM
In vlew of poa*-ll.le tariff reductions on
the producti of tlie Steel <'orporation and
tlie. suit brought hy the federnl Kovtrn
rrtnt for Its dMBOlBHOD, thl ann'mt. e
nient of wage lncreaaes camo as a eur
prlM to Wi.il Street. lt w?h aiao aald
that the action was not the reault of Im
portunltlei en ti.e parl of employes. hut
was voluntary. bMng due to tho i *- '
tory eondttlea <'f th- Bteel boal
l rail) Lan ??? ???? ll i Bteel Cor*
11 .1 ni wagaa, bo
:i ,, .. 0uid the propooed mcreoM iqual I
j ,.; , . nt ,t WO .io RM ?.:, nl. H.lde I . \p.-l:.1;
? ? .,:-. i. ..?)/?>>, o, spproBlmatels
,- [ulVBl, I ' i Ihe s-ir;i)UI t'.a' Wlll I I
?bown ?'- -? n ruM i f 'he r urreat reai
m*
Notwlthatandlng thi ouitv efti
"atarvaUon wnK>->' ln thi mllli of
ti.- .-tt.- i Corporatlon, '.ttitt...- aaaei tl.--1
emplo: ea havi n i reaaon l.mplaln, aa
* . ost* ilnce orgatilu lon n ive
,. ? .,,.- Bi ?; nard lei i> ncj. w (.'.>??
prlcee havi tended itee< downv/ani
fl : pBtlmated thal i .rporation -
coata reaul from 1i!?c1?*t
o ,Km. rk. u\ !.-?-..ih. ? eti
? li 1*1 I*.??- .. rear alm o
itloi
[ ? pui any Hoi taken by the
sth. i Corporatlon rrgardlnn pricea and
.. rt t.,- eUn.il for
Ihe Independenti to folloa lult >nd lt .?
. that Tuiaday'a announcement
rollowed ?' ?? itmllar onei from
i pi controlled hy tt.
CURB ECHOES.
Thi new min of the Manhattan hir
Kotir IflnlBB ('?mpany la exp* ted to start
Boni ?? iriy tn tflf. Devetopoienl ia
being puehed on aii leveto, and ore i?
being extincti*d and placed on the dimps
it; readlnem for the eompletlon of the
mlll.
The H?r fo-.r-stare turhin- ;
ata ed at tha planl "' Ihe Ughtnlng
Creeh Oold Qtsvcta and iuainnn- Com?
pany, Limlted, at Wlngdam, Brltiah <"???
lumbta, wai itarted on November ll and
hns n!nr- been runniriK d.ty and niRht
> frlrtton or trouble of anv kind.
and at half ipeed hi iteadllj lowertng the
underground head We water i? now
down is feel Wlngdam li a buiy ipot
at th,- preaent time
CUobe advleea ?tute that the Arlaena
Commercial has recentty madi ihlpment
of coppei ori ahlch returned aboul M.t*M
? ? taken from the old arorklnga
,-:,st of Ihi i 'opper HHI sh.itt Th i n
lhafi whl.l: Is now
down between Ihe Ml and 000 foot lerei
The drlfl ll helnK run from 'he fourth
level to eonnect wtth the thlrd level of
thi Unlted ttioi.e nlni of Ihi Old Domln*
? ? apan
Thi aew itrike nf r."hi or* made some
time ago oa tlM Adam^oh Tnrnrr proper
. thi mp of Ri Bhall h provtng to
. even ei than waa fir*t reported
Thi ??? ihowi more ,iuart7 th.tn wai
rontalned ln the rich or~ that w;c taken
from the upper woefclniB whea the goM
?Bs imbedded bi a s..rt foriBallrm that
;,t iim,? was nothinic more than 1 mild.
bttl fn'rlv BllVI with the preclous yellOW
metal
BOND DOTS.
Propoaals wlll be recelved bf tl.e Coun?
ty I'lerk of chnteau. Teton County, Mont..
untll 10 a m. on January 6. 191*. for
Jinn.nnn | per cent htghway ovd bridge
bonda, denominatlon 11,000 and due Janu?
ary 1. Iftt, optlonal. after January 1.
ItSl
The Roard of Publlc Works of Sarasota,
Manatee County, Fla , wlll recelve pro
posals untll 8 p. m. on January 0, llll,
for $1.",..i0'i a-werage, I1.r..000 waterworks.
|ll,##0 .-tieet Improvement 11.04)0 drain
Hge and 11,000 building 6 per cent 20-10
\fi?r, optlonal. coupon bondi, denomlna
tlon l.'.no and dated January 1, 1913.
Tha sinklnB fund of Verrtnor Clty wns
the euceoasful bhlder for 125,000 I per
cent atreet Improvement bonda of At
lantlc Clty, Atlantle County. N. J
Albany. Clinton County, Ky.. aronrd
Inr to n.porta. wlll hold an elertlon on
March 29, 191s, to declde on the oue?t!on
..f Isaulnr 150.000 road bond*.
The electlon held In K\anston, Cook
County, III., on Uecemb.-r 1* resulted In
favor nf the proposltlon Issuini 1180,000
t per cent water flltratlon plant eonatrn. -
tion bonds The bonds are |r,,000 due on
July I from 1011 to 1927, $20,000 anuu
..!!> from IMI to 1931, Induslve, and
MO.noo ln 1001
BU6INE8S TROUBLES.
Th* followlna petltlorn ln tiankrupt.y w?r?
Bied laalarOaj in the t'nit-i ,x,at-? BlBtilH
i ourt:
BAMVBL Kt'RZMAN. "7th stree* ind Rtoad
rrey, al*o No. 17 ('..lumbus avenu* nnvolun
tat>,. UabllltlM are more than f40.u*,. a*
leta, 113.000
thb KAitt i te _r. cnrr dcpartmbnt
BTUBG .* . ..riM.ratloii). No 2M1 llrni.il ?tr.-*t,
wi'h B I.i-m h etr.,* In Yonk<-r* ilnvoluiilary,.
l.iHt.nitiei arr saM lo N |2.*>.ooo. aaaota, *.*..
IMI
JOfiEPII HAll_.it. No r.Sfl Heconl av,nue
llnvoluntar'. . I^labllltl-s are aalrl to be $8,000,
u-- l.'.roo
MAX OBTROVBKT ,tl.e llarlem Department
Ktoret. NO 1W1 Thirl avenue (Involuntary).
l.lal.tl'ltUe. |1".000. a***t?, |3.0rO.
UOKR10 QOI-D8TEIN. N'o. 20* Bleerk-r
Hrrrt .tii.oluntaryl.
OAVRAB * Co . N- _?0 Ka*t lllth
?treet (involuntaiyi. Aaa.t*. |1.000.
HAS CAPITALOF $11,500,000
Kansas City Stockyards Co. of
Maine Incorporated.
Aii-nif-tT. Me , Dec. 26 -The certlflcate
flf lncorporntioii of tho Kansas l 'ity Stork
"l'ar.H CoaapaajTi ol Malne, waa flio.i to
day nt tha oflt b of the larratari ..f Mala,
Tho n .t I-..11 i/.-.l capltalization of tlm new
eornpany Ls 9UJ99.999 Tha <hart. r 1--r
nilta the pun hna.-, .-.instrnctlon. inamt -n
an.e and operatlon or atock yarda. Tha
taanBaa of the promotera do not appaai.
KflBflflB CUjr, Mu , J >or. _6.? The Kanaaa
city stock Tarda Covapaay of Malne,
a.rordinj- to offl'la.I?. of the Kanaaa CH**
i^tock Yards i'ouip.ur. of Mis-.ourl. 'Mis
promoted by ofll.-ers of tlie Miesourl OOtt*
cern and s.-verai Waa Bnsland raea own
inp a controUlna Intereat in ti.e Mis
fourl company. to take over tbe atock
of the old linn whlch haa K"'>?rned the,
Kansaa t'lty Stock Viu-.ls for more than
twenty-flve ytars.
Xegotlailona toward the reorpanl/atlon
tmder tha laws of llalni wara atarted bjr
Boston bankeis last Novr-ml.fr. ('. F.
Morae, pr. -1.1. nt of tlie old eompany, an?
nounced tbat ihe ehansja was iu in< made
"to faeUltata the boalneaa of thp oid com
pany pai to Klve lt nn-re acore ln Ki
tran^actlons."
MAY ADD TOHAWLEY LINES
Option Secured on Green Bay <fc
Western Railroad.
tn- Telesi ipl le 1 - r' ina 1
Hreen Bay, Wla, Iiec 26. ??Newman Brb,
repreoentlns t),.- Hawley Intereata, haa ae
cured f.-r R09b999 an optlon on 19,909 of the
?,999 ahan s of common atock of the
Oreen Bay >v Weatern Rallway Company
to aapira ICarch i. 1919, wltb iho pria/lleae
of extandinfl tba - ptlon t-- .1 . 1 on pay?
ment of a larfle additional imo :.t.
Mr. Brb an.l ln-- anfllncera I.-.-- made
Bararal trlf.s of ,in?: ? tha line
thlfl fall, and ln rlew of tl.e :n>re amount
paid for thfl optlon. it lfl behevd owner
ahlp of tha road Will he chinged aoon.
Mr. Erb ia OOnnOCtad wlth the Ann Arbor,
Clu-aajeako A Ohlo, Mlnneap-.Ma & St.
LowJa and lowa Centre] llnea now.
Tii? aeqitlartlea of the Ur-tn Bay ft
Wrst.in road would Rlve the Hawley In
teroatn a c nnecUon between MfaUMapoUfl
at.d I'ltHburxh.
HIGHWAY OFFICIAL OUT
Charles F. Foley Resie*ns as
Deputy Superintendent.
Albany, r> s. '' *: *4oa Beal, Btate
. ? . f Hia ????????;?'??> '?
aeeapted to-day the reatffnatl.'
v BoXey, ot \jochpot% a* Brat dtrpury bu*
perlntendent of blrrhwaya Ha deetgnated
.1. Bl trtearant, of Watertown. a
dlarlal. n anfllneer, to BII tha ra ai y, nub*
j.-.-t to tbe approaral of tha Btate Hiflhway
-
of the bureau ..f 1 Intei ai ?? an 1 repalf
;,. . it - thal Mi I'oiev reatflnad
i o. ,1 ua ll 1 .-? ?
bi e gti ..i lo.-k after thia w-.rk The
15,999 ?
Mr. rolt \ ?' 1 B| ar J Btea ?? ;. ?"
dlvlalon enflneer, 1 e dtl A tO
befora t; a Btati H | waj ' ?-??
Ti... wt l ? ? ? ?:? ,ri*' worh of re
aorfaclnfl two roada in ^reatcheatar
, oujity had .- ol aaa - ???' ad out Bwpt 1 -
Inti ndeal R< the aei on of l ?
mleetoa did nol Intuaa sa htaa la ? ? Bl I
laa Mr a*oley*fl reatanatlan, bai thal ha
wiih _r.iii.--i anttrely by a <1< termln.ition to
reorcanlae ti.e malntenaaea bureau of tha
d.-.-Mi tni.iit
?1-e
LACKAWANNA STOCK ISSUE
Direetora Vote to Put Out $12,000,000
Autliorized by Stockhoklers.
?i n, j .,??> ,-w itoch authoriaed by
lh, >t0K r tha Detawara Uacha
I ?? ?. :-. ., 1 it tha annual
.- pebruai waa faamrably
, n i/eatardaj ? tha dlrectora, **be.
m,..,i to la ua ll ?*? '?? '"?" '" ? ",' *
I . Lfl
? mdli 1 190 n.999? ipital, and
aharaboldi * ->? i"'! ???*? '" aubacriba
ln the pro l ' aw for ???"'?
0t tl t old atoclr,
I . . ;,,-,. to 1- mada 19 per ?*????
?? or before Fel BuX and the
... 1 01 call of the treaaurer ...
- . ?-,..-? daya'
recelpta
fo ai ? ' Ul,l* ' ' ,
;;, , | || ,. Bnd ,,, isaiifl atocb on full
? ffft.ha aaleofj
.... f.,r tha purpoae of proarld n?
, , ,1; for tht conatrui tlon <>r a new Ilna
v. t of Bcranton, and otlwr Itnprovr
,.?. -. rn thal locallty. all of wl Ich ara
now well nder way, aa tha arantracta
immeT_
MONEY AND EXCHANGE.
THI MONtTf MARKET. ''aii
continued h ffher Rutea Openad 9 per
cent, hlflheai 11 pei cent. cloalng 10 n.<i
?, tu.... money waa in moderate ue
,. "?d iutee: I par cent for alxty daya.
;*?, par .ent roi ninety daya. ( 4
, ,*. , for fotll months, ..1, per cent for flve
tnd ala months. MercantUa paper-wafl
flrm Itatea: 6 per cenl for Biatjr t?
ninety daya* Indoraed nnd cholce four to
id months' Blnglfl namaa
FORKION EXCHANOE, Fore'.Kii ex
ehanae e ? eaay. v.-t-rlay'a ouolatlpna
w-Te- Demand aterllna, 4.99*5; cablaa.
Jl ., auty-da) huii. 190*4: ahort franca,
, ? ^ . ? imarba, o?"?
DoiMBBTIC EXCH 4.NQE Boeti
B-n hYanclaoo, alghl le, teleflrai
Bremlurri I'hlcaflo, 90c premluin; BaTfln*
n_b buylnf :;-:,;' difloount. aelllna par,
'harleaton, buylnfl par. aallina l-lfc ore*
miiirn Sew Orleana, .-omtnerHai lta dla
gSlS; bank II pr.-mlutn; St. U>ule. 999
premlum.
MEXICAM BXCKANOBk?Mexlcan aa*
rbanke on N?*w York uaa rjtaoted at.
*uit.,. unchansed.
Bn-fiuTREABTJRT.?Tba rnit^.i Btatea
Siib-Tr.-aai.tN WBfl B crnllto. at the. 1-ar
'it!l' iiou'e yeet?rday to th.- extent af
BANK ("l.KARIN'tifl?New York. aa*
ch iiiK.-a *C63,444*,ia)1 balancea B16,712.6e_.;
Bottor! axenanaea *C9.'*69,iar. b^ncea
ii "<t4 7*a3- Mtllail.'lt bla, exchangca IS.SW.
u,'\ 'balancea PJ99J97; PlttabUTflb, ex
oi___aee *i*UB97.0_l; rhlcago. exchanflfla
asilS7799 balaneea fl2.284>,144\; Hi.irim-.t;-*.
a-chitnacfl r.040,*_l, balaneea fri3,.Vi., Bl.
r.oi.i>, exci.an_.-a WJTAJ99. balaaoea 9T19,
_ . -?
SECURITIES AT AUCTION.
The [fllloalllfl aacurltlafl were aold ya
terday at au. tlon at thfl l--3ichan_e aaleg
rooni by Adrl.m lf. Muller & Son.
n> Oiflar ot Kvaoutota
I\47pe/il?i0 all rlflbt, tltla an.i intareM ln
judamtnt re.ov,..,-.i BepU-bar 7. 1911,
aa-lnat lUirr> J. Baohraasb ln iMmji of OMO
Bechrach 'itate.?**?
(.-,,- 4 ....int of flfbaafl H May Concern
lOiaharev ? ;.t- nf Aarlenltiire and KarUeelt
_-."rtaiefl Kbilb Avenue Rallroad <-'?mpany. , ,
1*>
_.j..a.l
$1M> .1 l-'HH
2.-*Vharea'".'rirle'.'l '-r' * T?nli. St.'eet H-'i'.'lt1 '
ion aharea Man.f.i 'urera Natlonal BaaB ef ,
ltro..kl>n ?ex .llvl.lenJ). 4:10 ea. I..4J9
lOo ahirea liilon TiPewiil.-i I'uinpany i-otif- 1
l.v"r"'-|i.iiiil*r of I'uii.tnet-e New Tork bulld
Inn fund aubea-rtptbai non-cumulatlva In^otna
r??lHtere* t-ond. .......... .? ? -'
tS(iM)t) Fifth V-entie liuentlnr; and imprttvt
n'lent r..ii.n..ny ? per BBBfl gOat Uinda dated
ai Ml 1 IBBfl. *,f,'' !ot
_*a?8oo Improved Preperty iinMine (??ropanr
' Ni r VoiU s?neral niortic_4j? ?'. par ""t
....i t.M .ia, Senra i. .i.ii-i Oefabar 1,
B m ahwaia'flaate Datiilriaa Mining campanr
'of Oelaware common, 91 BBCll. ..#.*. l-'t
lAoOOO Plftli Avenu.- In\ektiiiK an.l Imrrove
P ,?.-.- .ompany fl per cant bonda. taoJkpnX
UO.O00 Improved'Property H.-ldhif Conipan!'
of N.-*. 1 ->r?. i^e^.?ral mortKafle 9 P*r..'';nJ
l?jni1i, 8?rle? I, iua Octoher, l'.MI M tt
Charged with Fixing Retail
Price of Com Flakes.
'CARTON AS A SUBTERFUGE'
Agreements with Jobbers Al?
leged To Be in Restraint of
Interstate Commerce.
l^trntt. Dee. N -The Kellogg Toaated
Corn Flake Company is alleged to he vlo
latlng the Sherman law lii a petition
ln equlty flled in tho I'nlted 3tates Dis?
trict Court here to-day hy order of At
torney Oeneral wickersham, to settie
for nli time the extent to whlch a manu
facturer may control retail prices. The
company and Its offlcers, engaged in
the manufacture of toaated corn tl.ik.-s,
are charged with Bslng prices at which
the flakes are sold to retaller and c.n
stuner, preventlng competition whlch
\w<uld redUCI the price to the publlc.
and creatlng a monopoly by OOBCOntmt*
ing the entlre Interstate traffic In this
commodlty in the hands of Jobbers anl
retallera who ahlde by price agreements
exacted by th>, defendanta.
It la alleged that the defendant.*. have
Invoked tln; patent laws through the use
of a put*nted carton ln whlch the flak-s
are packed as a "mere aubterfuge and de
v'..?? ?" to escape the provlslona of th
Sherman law. The government asks for
LnJunetlOM to ptevent the company. its
orilcerB and Bgetttfl from controlllng the
price of th- br-akfaat food aft<-r tt
l-aves the hands of the manufactur-rs.
The following are named as defendant*:
tCellogg Toaeted Corn Kiake Company,
and Ui' K. Kellogg. Wllfred C. KellogK
and Andr-w Rooe, ret-peetlvely president.
seor^tarv ar.d ^>"n-ra. mojiager of the
eompany, aii of Hattle Creeit. Mich.
Caae of Vaat Importanca.
The petition. flled hy l'nlted Statea At?
torney Clyde I. Webster, was drawn by
James A. t'owler, special asslatant to the
Attorney (ieneral. and la regarded by the
governm-nt as of \ast Importanca be
L-ause of lt* bearlng on tlie rlght of a
nanoCaeturer to control pricea to tha eon
Btttt f r
lt Is ali-g-d that the company ar-Ks
r,r. 1 y to Jobbers. refusing ahsolutely to
leal directiy with eonaumon or arlth tha
retail trade. Tli*' < MMWdlty, according
to the petition. is sold to Jobb-ra at a
unlform price under an agieoment that
U ? |ol bere arill ?. II to retailers at a prio
Bxed by ti.e defendanta. The defetidants
in charged wi-ii itrledy wforMag the
iftr^em-nt of sale by abeotutdy r"fuslt'g
;., deal arlth any Jobber who falla to
tnalnteln the Bpeetted price.
Hy the us,- of a patonted carton the de
fendanti an alleged to control the price
<t whlch retallem aell to .-onsumera. It la
polnted out that a OOtlce slgned by the
Kellogg Corn ITaki Company i/> printed
i n a fiap Of the carton ln whl> h th"
ngkei are packed, stating that the pack*
agl ind lt- cntents are sold conditlonally
,\!th thl dllttnct understandlng that they
r-iii r.ot he retalled al leei than 10 cents
I pechag* Kor s.'.ling at lese than that
price th- render li warned by the notica
th.tt be ll lial.le to prosectitlon aa an in
m igi r ef patent righta.
Carton No Protection.
Tbe government insist* that the
mtent-d carton can afford uo protection
ln attemptlng to flx resale prices by re
talleri b?auae, it ia alleged.
Thl cart ui was not ln fact pateatable,
rs all of Its material features had long
i.e?>n ln uae bei ,re tbe pat-nt wae iasued:
tl . relui of the carton is negliglble. the
contenta alone being deslred by tne pur
? ?? the defendanta havlng sold the
cartons ind eontenti to Jobbera havo
partad nlth all tltle fo the ommodltiei
-, -.| ! ave no h'gal rlght tO flx prlCOB at
rrbtch the retail purchaaer from th
obber ihall be requlred t?. ietl; and Iastr-'
. ia reeorted to a* a mere lubter
"ugi and devlee to avold the provtalonr
t tl - antl-truat law and tl.e. prlnctplea of
ihe oommon law controlllng rocn onn
li ICtfl
The agreements exacted from johhera
md the condltlons of sale lmpoeed upon
id aecepted by the retaii-rs. eontlnoee
i e petition, restraln the interstate COm*
erci in this hreakfaHt food. in that tbey
. ent It from moving In Interatati eon>
I at prlc-s other than thoae fixed by
?.. defendant company, and prevent aii
empetltlon between deaJeri witich can
??? cost to the retaller or coneomn
? They produce," it ls added, "a mo
nopoly of said Interetate Linuaarei, ln
lat they concentrate ln the liar.il* >>:'
hoee whe abide bv the termi el eai.i
tgreements and condltlons of sale the en*
ln trafRa la aald erttde, and -xnude
hl efrom ;<:i dealrrs who refuae to entet
,.. ?r ahlde by said agreements and
onditlona."
i ia reault of the BUtt, lf the Oo-ern
r.ent's allegatlOCM are proved. will deter
ulne the leKitllty ef the business methods
.f many nianufacf.neis who dhtate tha
jrlce at whlch 'hflr product shall he
iold to ttie publlc, accordtng to govern*
nent ofllclala.
The DepartBMBl of jBedce has recelved
nany cmplalnta against manufai turing
toacerne whlch control retail prices h>
ittpulatlng tliat the commodlty they
lsce on the market shall he sol.i at a
pflelded tlgure. The ctiatom la said to
.e wldeeprcad. The prlncipla involved le
eg..r.ied bv thf department aa among
he most important riueatlona ever dealt
vlth under the Bherman law.
?
HARRIMAN LINE EARNINOS
Jnion and Southern Pacific Maintain
Excellent Showingo.
The Harrlman llnea yesterday made
.ublic the result et November operatlona.
nd both reported *atl*factory earnlngs.
\ hether they can contlnue to maintain
he present hlgh standard of earnlng
iower after their flnal dlasolutlon ls still
. matter of conje-ture ln Wall Street
.Ittle fear, however, Is expreaaed that
here will be any great dlfferen'e.
FYom the Southern Paclflc there were
nrned gross revenuia of U2.65i,4is, or
ijlM.^Xi ln excess of the total for Novem
.or. IM. Operatlng expensea and taxes
..talled HJOMH. havlng net operatlng
evenue egual toU.ax.oa. which is greater
,v fttmstti than the amount shown laat
?ar. I'or the five montha of ita current
Is.-al year Southern PBOtdO aliowed net
ip-iatlng revenuea amounting to $^3.23<?,
t2. an Increase of 13.010.342.
DnlOO Pacific'? groas for November waa
s,731,ll!?, an Increase of $1,063,100. After al
pWlng ter operatlng expensea and taxes,
vhich totalled $-.288,867. the oi>erating
urplus for the month was $3,442,451, an
BOreaai ef IMMW The $19,232,41S ahown
or the flve months la $2,075,223 ln exceaa
i the amount earned for the aame perlod
.f 1011.
a
GOE8 TO MI830URI PACIFIC.
Ht laanta, Dae; 20.?John Thom,;on Men
rlcks, of Haltlmore, a dlrector and vlce
r< sl.l-nt ln eharge of traffic of the Weat
rn Karylaad Railroad. haa been ap
olnted general traffic manager of the
llaaourl Paciflc-Jron Moumtaln eystem,
ffectlve January 1. He ia forty-elght
ears oli and Ims had twenty-seven yeara
f railroad rxperience.
Farmers Raising More Beets to
"Keep Money at Home."
FAR SHORT OF THE DEMAND
Sixty-six Factories in 17 States
Produce Only One-eighth of
Home Consumption.
[Freai The Tribune Rureau 1
Waahlngton. Dee. 2>;. ?Kach Amerlcan
consumea about eighly-two pOflU9d9 of
Migfll ln a rflflr, an.l only ten pound* flf
that ration ls produ.e.l in ihita counto.
aoOOrdlBf to ealeulatlons of oftli-iala flf
tha Dapflrtaflflfld of Aa*rtoulture ka a repoit
on the bo*>t sugat Induatry of the Unlted
Statea for l?|.i-'11, ivhl.-h haa Juat been
Issued. This polnt la brought out Ifl cni
phaalzinB the posslblllty of Arii'-il" .m
farmerts "k?-?-|.itig thla money at BflflBfl"
by raismg suxar I - ? tfl
Commentltig un the augar b<",-t Industty
ln thla country an ofllclal of thfl I?'-part
ment of Agrlculture ""ays:
BuflflT la a pr-xlu.-t of manufartut a
ni.ilnly from tl"- farrner'a sugar cuna an I
Bugar beeta Inrrfdantally aeaaa augar ia
pioduced from the aap of the 9 .ga'
maple?tbe antire ralae of that ptwiu t
botb BUflar and ayrup, and the aorflhum
ey rui> oeing only about II.'.,000,M1W annuall]
whlle th.- total ralue "f the augai beel
and Btiaar <-an<- huluatry of tlila country
raaelM d UlT.OOfl 910.
Tha . an> Buflai induatry tared bad ?
thlfl y.-i.r ..n.ounl of tha Mlealaalpol
Rlver Bood, tha entire |.!..du<ti?n, Inelua*
ln( motaeaea and ayrup, helng valued at
only 994,000,006
Xteet sugar li a compaiatHely rei ent
product of thla country, an?l <an BOarcall
i mld to have aaleted twenty yeara ua".
The production durlni tbe twelfth cei
aua year, lvv anv>unteil to ?].:_"> shoit
tona, whlle tha 1911 prod l tlon aggregitte
>)0,000 ahort tona, valued at 9^,000.000 Th
arowth of thla Induatry- and t:.- pl u
for its Increaaa imii-att- that beel rawina
for sugar purpoaaa la much <i>.*ati*d b)
ft-rmera for proflt an.l ruitural 1-enarlt to
tl;.- land.
Th^re are now in- operatlon aixty-atx
faotorlea tn seventeen etatea. whieh uae.l
during the laat season M9JJM tOOfl <>f
beeta. produ.e.l on 47.1.*77 acrt-a. and fh->
Induatry haa becoifle oni- of the maln
etays and chief Minporta "f agrlcultur-.
under Irrlgati-m In th,> ae-ml-artd ntntee.
Yet thla lrwluetry prodaeaa practlcally
only one-elghth of the home ConBUIBP*
tlon The Importatlon frritn antlrely for
> Iga tenitory now apprormnatea &99MN
ahort tons annually.
A home beel snjr.ir prodU4*tloti 9 irtlcient
1-. CUl off thlfl production would n<>t af
f.-.-t the home cam Bugar in?! .s11 v .id
veraely, becauae that haa s.. nearly
reached it? llmll that aw poaafbla
growth it ii ih \ have from now on will
IMM eciaal th>' annual Incrt-Hae ln the
country'a conaumptlon, whir-h has conald
erabh more than doiibb-d ln th.' last
twenty*Ava yenrs and now la areator per
caplta than any ..th.-r country except
Kn^land.
"Wlth our pre-ient low averasre- of l'i
all '. 1 tons of ro.-t ^uR.ir an a< r*-," the
offlclal eontlnui-d, "it would n-qulte 1,
(99.999 acn-s to produce the 2,000,t-oo ahort
tons now lmport"d. or, as tl.e inireagu
iiarveat^d the laat year waa alightly loas
than 473.O00, It would n*e.l tha production
Of M99J99 flOTee tindr-r beeta to eo,usl th
entire home demand, a condltlon to whlch
for more than ei^hty yeara economlets
have looked for ward."
BINNEY HELD FOR TRIAL
Pined on One Charge, Speeder
Waives on Two Others.
Harold OflflDOd Hinney, thr- Iiwj^r anl
engineer wlio on Sunday worrle<l BeVOTfll
pollcemen by speedlni? hia aut'.m'ol>l|o
through the atreeta, was ln the JeffflrflO)
Market court yesterday before Marlstrat.
Butta. and was fln-vl $5 for running blfl
iar wlth the muffler cut out. I n tWO
other charges. eveellng thfl sr-red ttmlt
and re-'klf-aa drlvlng. he- walved examlna
tion, and bnl! w.i* flxe-1 at $50r> in each
rase for Ifr Blaaajr*a appearanre ln th.
court of Bparrlal Beaatoaa
He- made aeverai attempts to aet th"
case postponed. snyirg .Jatn<v> W. OflbOTBe,
Ua lawyer, w.is busy and could not r-ome
to court. Magiatrate Buttfl flnally IflM
the d?-fet-dant at the morning ae?.s!oti trrnt
hr> DBOal appear lfl the nft.-rnoor.. and Hin?
ney raim ba<~k wlth other counael.
Binney Brfll caaafl tO tiu- notire of tl>.>
polde aboit | o'.l.-rk on Sunday morning
when he was i.i.ing Ifl Fifth AVflflflM flad
Broaolway Ha went te eourt that raoni'
Itig, nn1 waa parolfld until Mot.day. gun
dav afternoon ba Bfl?hl went out ln Ma
macblne, and Bt******rdtaf to a MaycM pa
Ul i-niaii. rnro,\ down l'iftli avenno fro-i,
.'*4th atreet Ht tha rata Bf forty mlle* an
hour, lie v.-is oTflrhflfllad ?t Cnlveraltt
Hla^e and Ith street and 1 ? 90 1 anothei
aiiaiiaaaa
Thn delfladaili waa attlred In a BflfflfltOI
and a long m-itorlng roi(t w heri hr flrat
appeared ln court ye?terday. In tha ifM
noon lie appeared ln ? wMlkinn eat and i
hlgh hat The jatiolman told th^ m.ig
istrate there wa* a .harge of tnt->\lcatl-.ii
against Mr Hinney on the blotter
tstatlon. bttt lt waa not ahafflfld that th.
lawyer waa Intoatcatod ahen drlvlng hN
ANOTHER DIVIDEND SOON
Defunct Wa?hin_ton Savings Bank to
Make Second Distribution.
Creditora of the falled Waahlngton Sh -
Ings Bank of Xew York t'lty will reccive
an 8 per cent divld.'n.l imtnedlately, in
addltlon to the one- of M per c*nt alnadv
paid. Super1ntend<?nt George C Van Tuvl
of the Btate Banking Department baa
Juat recefvod the aeaastloa of the Bupreme
t'ourt for thfl lllallUialiOII of thls seco,i_
dlvidend, the money for whlch has been
obtained by the converslon Into cash ..f
the remainliiK *1saetB of the Instltntl >n.
oonalatlng of real eatata and mortgage*.
The amount of thla 8 per cent dlvidend
la $m._4. The ehecka will be eent to
about aeven thotiaand creditora. The ag
gregate of the clalma agalnat the bank la
91.415,1*3. The flrat dlvidend of 50 pe-r
cent. already paid, called for the distri?
bution of muflB.
The WaahlnKton Savlnga Bank waa one
of the Ko'mn Inatltutlona, and Its fatluro
followeal that af the Northern Bank. both
of whlch caused much dlatreaa among
amall depoaltors. Robln la now awaititifl
aentence after pleadlng guilty to one of
the seven Indlctmenta for manlpulatlon In
the affalra of the Waahlngton Savlnga
Bank.
LONOEST XMAS OREETING
Flaabed by Wiralasa from Mara
Island Navy Yard to Wanhington.
Waahlngton. Dec. 26.-For the flrat tlm.?
In hiatory, a wiieleaa Chrlatmaa greetln<
waa laat nlght flaahed from the Mare
Ialand Navy Yard, <>n the I'aciflc ('oast,
to Waahlngton. The meaaage waa from
Captain Mayo. commandant of the navy
yard^ and was recelved by the glant radi?
aUtlon at Arlington.
lt conveyed the wiflheg of Captain Mayo
and other offlcers to the Secretary of tho
Navy and the offkera of the navy and
marlne corps for "A Metry Chiislmaa
and a Happy New Year."

New-York tribune. [volume], December 27, 1912, Page 13, Image 13
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New-York tribune. [volume], December 27, 1912, Page 13, Image 13
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924