Daily Tribune, Terre Haute, Vigo County, 1 September 1916 — Page 18
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The Tribune'^ Market Report
NEWS OF TEE STOCK HABKET.
NEW YORK, Sept. 1.—Passing of the crisis in the railroad" strike situation was followed by a renewal of bullish operations today, important stocks rising a point or more at the opening', with several new high records. United. States Steel was the chief featur*, 6,600 shares being taken at 96% @97, a 'maximum gain of 1%. The stock sold minus its regular and extra dividends of 2* per cent, which makes the maximum advance equivalent to 99% or
Within of its high record. Mercantile Marine preferred and Kelly-Spring-fleld tire represented the new maximum. Union Pacific, Atchison and New York Central gained a point and various specialties recorded similar advances. AD WALL ST NOO}T
Reactions of one =to two points resulted from the extensive profit taking of the first hour, numerous prominent issues losing all ,their gains, with steady pressure upon the motors. Fresh buying power appeared, however, in Marine preferred, Kelly-Springfiela and Inspiration copper, all of which eclipsed previous records. Rails continued sensitive, pending the outcome of developments at Washington. Trading be came apathetic at midday. Bonds •were lower with heavy dealings in Anglo- French 6's.
1
The list was subjected to another test ift the final hour, when the motor group, especially Studebaker and Wil-lys-Overland, became acutely weak. The olosing was heavy.
NEW YORK 8 TOOK SALBS. Allis-Chalmers 22 American Beet Sugar 87% American Can 60% American Car & Foundry 60 ft American Locomotive 75% American Smelting & Refining .. 96 American Sugar Refining ... .107 American Telephone & Telegraph. 181 Anaconda Copper 84% Atchison 102% 'Baldwin Locomotive 76% ,{Baltimore & Ohio 85%
Bethlehem Steel 482 ^Brooklyn Rapid Transit 85% :Butte and Superior 65%
California Petroleum 109% Canadian Pacific 175 Central Leather 56% Chesapeake & Ohio 59% Chicago, Milwaukee & St. Paul .. 93 "Chicago, Rock Island & Pacific .. 17
Chino Copper 52% Colorado Fuel & Iron 46% Corn Products 14 Crucible Steel 74% Denver & Rio Grande, spfd 33 Erie 36% General Electric ... 167% Goodrich Co. 71 Great Northern Ore Certificates .. 87% Great Northern, pfd 116% Illinois Central 100% Jnterborough Consol. Corp 16% International Harvester, N. 114 Inter. Merc. Mar. pfd. ctfs 104% Kennecott Copper, 49% i Lackawanna Steel 76
Lehigh Valley 77% Louisville and Nashville 129 Maxwell Motor Co 82% Mexican PevrAleum ....101% Miami Copper 34% Missouri, Kansas & Texaa pfd., b. 9% Missouri Pacific 3%
National Lead 65 .103 -s-rw^sJfew York Central .... jn. Y., N. H. and Hartford 58% 'Norfolk and Western 127%
n
Northern Pacific 109 ^Pennsylvania 55% Ray Consolidated Copper ....... 24%
Reading 103% Republic Iron and Steel 52% Southern Pacific 9TTts Southern Railway 23 Studebaker Co 120% i Texas Co 192% -Tennessee Copper 24%
Union Pacific, ex. div 187% z fUnited States Rubber 56 United States Steel, "ex. div 95%
United States Steel pfd 117% Utah Copper 83 -Wabash pfd.
5
bid, 2%c offered at 3c.
closing
CHICAGO PRODUCE.
CHICAGO, Sept. 1.—Butter, firm. Creamery. 26®31%c. Eggs—Receipts, 7,981 cases, unchanged.
Potatoes—Higher receipts, 85 cases Jersey cobblers, ?1.75®1.90 Jersey giants, J1.70 @1.80 Minnesota Ohlos, [email protected].
Poultry—Alive, lower fowls, 16® 18c springs, 20®21c.
NEW YORK COTTON.
NEW YORK, Sept. 1.—Cotton—Futures olosed easy. Oct, 15.94c Dec., 16.04c Jan., 16.Ho. March, 16.26c May, 16.40c.
NEW YORK SUGAR.
NEW YORK, Sept 1.—Raw sugar, steady centrifugal, 4.89c molasses, 4,12c refilled steady. Fine granulated, [email protected]. Futures lower.
NEW YORK FLOUR.
NEW YORK, Sept. 1.—Flour—Unsettled.
LOCAI KAEKET KEPOKT.
Grafa, Hay and Straw (Wholesale). Wheat—$1.35. Com 70c. Oats—32c. .Oat straw (baled), $6 per ton wheat straw, $4.50 pe rton.
Rye straw—$6 per ton. Hay—No. 1 timothy, $12 No. 2 timothy, |10 alfalfa hay, $15 per ton: No. 1 clover mixed, $11.
Bran—$22 per ton. Middlings—$30. Mixed feed—$29.60.
Metal and Robber.
Metal—Copper and heavy brass, 18e ter pound light brass, 7.c per pound *lnc, 4c lead, 8c per pound tinfoil, ,.: 25c.
Hides and Tallow.
Hides—G. S. No. 1, 17%c No. 2. 15%cr calves, G. a No. 1, 18c No. 2, 16%c. Raars. „Kags—Country, $1 per 100 pounds: *11-wool tailor clips, 6c per pound.
Rubber—6c per pouna for old boots said shoes 2c per pound for old bicycle tires 4%c per pound for automobile tires. 3c per pound for solid tires.
Scrap iron—Stove plate, 30c per 100 ^pounds mixed iron, heavy cast, malle--v able, wrought and steel. 30c per 100 A pounds.
MUSKS FEED
the peed THAT*8 PURE
Order a sack today.
Indiana Milling Co.
Exoiusiv* Distributors.
N«w 804ft. Old 1t&
JNDIANAPQLIS LIVE STOCK.
INDIANAPOLIS, Sept 1.—HogsReceipts. 7,500 head cattle, 600 head sheep, 360 head calves, 300 head.
STEERS— Good to choice, 1,300 lbs and up $ 9 50 @10 50 to medium, 1,300 lbs. and up Good to choice, 1,150 to 1.250 lbs Good to choice, 900 to 1,100 lbs Cotiiron to medium, iifiO to 1,100 lbs Common to medium, 900 to 1,100 lbs „cholc« yearlings.
HOGS—
SHEEP—
5
8 75@ 9 50
8 75® 9 60
7 75® 8 75
8 25® 8 75 6 25® 8 00 8 25® 9 00 7 25® 8 00 6 25® 7 00
HEIFERS AND COWS— Good to choice heifers .. Fair to medium heifers.. Common to fair light heifers Good to !fioice cows .. Fair to medium cows ... Canners and cutters ....
4 75 00 5 25
6 00 7 00 5 75
3 00® 5 00
BULLS— Prime export ....5 6 25® (*ood to choice butchers.. 6 00@ Common to fair 5 00®
7 00 6 75 5 75
CALVES— Common to best veal S 8 00 @12 00 Common to best heavy .. 5 00@10 50
STOCKER8 AND FEEDERS— Good to choice steers, 700 ids. and up $ Common to fair steers .. Good to choice steers. under 700 lbs. Common to fair steers, under 700 lbs Medium to good heifers Medium to good feeding cows 5 00® Stock calves 7 50®
7 75 7 25
7 75
5 50® 6 00®
7 00 7 00
6 00 8 50
Best heavies, 200 lbs. and «P, $11 00 Medium and mixed 10 90^ Goodv to choice lights.... 10 90 Common to medium lights 10 00 Best pigs 4 9 25iu/ 7 Roughs 9 00@10 25 Light pigs 6 00® 9 00 Bulk of sales 11 00
11 10 11 00 11 00 11 00 9 75
Good to choice $ 6 w Good to medium 4 00 Good to choice yearlings 7 Good to4 medium yearlings .... 6
LAMBS—
26%
Western Union, 94% Westinghouse Electric 58
COMMERCIAL PAPER.
NEW YORK,* Sept. 1.—Mercantile paper. 3%@3%c. Sterling 60-day bills, s|M.71%: demand, 14775% cables, ie«M.76 7-16. Francs, demand,' $6.89% jables, *5.88%. Marks, demand, 70c cables, 70 %c. Kronen, demand, 12 %c cables, 12%o. Guilders, demand, 40%c cables, 41 %c. Liree, demand, J6.48: cables, ?6.47. Rubles, demand, 34c cables, 34 %c. Bar silver, 68 %c. Mexican dollars, 52%c. Government bonds, steady. Railroad bonds, heavy. Time loans, steady 60 days, 2%"@3c 90 days, 3@3%c tflx months, 3%@3%c. iall money, stronger high, 3c low, 2%c ruliner rate, 2%c last loan, 3c
00® 00® 25®
00® 7 0C
Good to best $ 8 00® Common to medium 4 00® Spring lambs 10 25 Bucks 5 00®
5 50
ST. LOUIS LIVE STOCK. ST. LOUIS, Mo., Sept. 1.—Hogs—Receipts, 8,500: 25c lower pigs and lights, [email protected] mixed and butchers, $10.8E ®11.25 good heavy, [email protected] bulk, $10.85®11.15.
Cattle—Receipts, 3,000 steady steers [email protected] prime yearling steers and heifers, [email protected] cows, [email protected] calves, [email protected].
Sheep—Receipts, 1,000 steady lambs [email protected] slaughtered ewes, $5.00® 7.25 bleating ewes, $9.00® 10.00 year lings, [email protected].
BUFFALO LIVE STOCK. BUFFALO, Sept. 1.—Cattle—Receipts 450 head fairly active and easy.
Veals—Receipts, 800 active $4.50® 14.00. Hogs—Receipts, 5,000 slow heavy, $11.50® 11.60 mixed, $11.65011.76 yorkers, $10.76 011.75 pigs, $10.25®
Sheep and lambs—Receipts, 1,000 active lambs, [email protected] vearlings, [email protected] sheep, [email protected].
CmCAGO LIVE STOCK. CHICAGO, Sept. 1.—Hogs—Receipts, 28.000 slow. Bulk, $10.60011.15 light, $1.0.60 011.30: mixed, $10.30011:80 heavy, $10.20 011.25 rough, $10,15 0 10.35 pigs, $7.7509.80.
Cattle—Recepts, 12,000 weak. Native beef cattle, $7.25011.30 etockera and feeders, $4.8507.70 cows and heifers. $3.75(f®9.50 calves, $9012.60.
Sheep—Receipts, 12,000 weak. Wethers, $6.2507.60 lambs, $6.50010.90..
PITTSBURGH LIVE STOCK. PITTSBURGH, Sept. 1.—Hogs—Receipts, 2,600 steady heavies, $11.60® 11.65 heavy yorkers, $1^1.75012.00: light yorkers, $1.00 @12.26 pigs, $9.50 @10.75.
Sheep and lambs—Receipts, 5K) higher top sheep, $8.00 top lambs, $11.25.
BECOBJ) OF PRICES.
Fnrnlskedl by Kokomo Grain Co^ Member Chicago Board of Trade
Open High Low
Wheat—
Sept. 1.44% 1.46% 1.40 Dec. 1.47% 1.48% 1.42% May 1.48% 1.50% 1.44%
Corn—
Sept 87 Dec. 73% May 76%
Oats—
August
Close 81
1.40% 1.42% 1.44 1.46 1.46% 1.4-8%
87% 73% 77%
80% 72 75%
86% 86% 72% 73% 75% 76%
Si
Sept 46% Dec. 47% May 61%
44% 47% 66%
Porte—
Ribs—
Oct. .14.22 Jan. .13.07
44% 44% 47% 47% 50% 61%
51%
Deo. .24.50 Jan. .24.80 Lard— Oct. .14.20 Dec. .13.57
24.60 24.80 14.82 13.95
24.25 24.50 14.15 18.80
24.55 24.40 24.50
14.15 13.82 14.15 12.95
14.10 13.80
14.22 13.07
14.15 12.92
14.47 14.22
CHICAGO BOARD 0? TRADE.
CHICAGO, Sept. 1.—Likelihood -that the railway strike would be called off had a bullish, effect today on wheat. The opening, which ranged from %c off to 3%c advance, with September at $1.43% to $1.45, and December at $1.46% tQ $1.47%, was followed by substantial additional gains.
The close was unsettled, 1%@2%c net lower, with September at $1.40% and December at $1.43% @1.44.
Corn, -like wheat strengthened on account of the Improved outlook for a settlement of the strike. After opening lower to advance the market scored moderate general gains.
Prices closed nervous, %@%c net decline. Oats duplicated the action of corn.
Provisions averaged higher, helped by the fact that deliveries on September contracts went into strong hands.
CHICAGO GRAIN.
CHICAGO, Sept 1.—Wheat—No. 2 r^d, $1.43 01.43% No. 8 red. $1.43 No. 2 ^hard, $1.46% No. 8 hard, $1.87%®
Corn—No. 2 yellow, 86@86%c: No. 4 yellow and No. 4 white, nominal, Oats—No. 3 white, 44%@46c standard, 46@45%o.
Rye—3*o. $1.15%. Barley—85c® $1.06. Timothy—$4 @4.75. Clover—$11014. Pork—$27.85. Lard—$14.20. Ribs—$14.05 @14.60.
TOLEDO CASH GRAIN.
TOLEDO, O.. Sept 1.—Wheat—Cash, $1.45% Dec., $1.51 May, $1.65%, Clover seed—Prime cash, $8.85 Oct. $8.95 Dec., $8.87%.
Alsike—Prime cash, $9.40 Dec., $9.60. Timothy—Prime cash, $2.45 October, $2.40 Dec., $2.45.
ST. LOUIS GRAIN.
ST. LOUIS, Sept 1.—Wheat—No. 2 red, $1.47 No. 2 hard. $1.45 Sept, $1.39%.-
Corn—No. 2, 84%o No. 2 white, 86c Sept. 85%c. Oats—No. 2, 45®45%c No. 2 white. 49%c Sept., 44c.
TEHEE HAUTE TRIBUNE.
(a) The railroads will, effective September i, 1916, keep the time of all men represented in this movement, upon an 8 hour basis and by separate account, monthly, with each man, maintain a record of the' difference between the money actually earned by him on the present basis and the amount that would have been earned upon an 8 hour,basis—[overtime on each basis to be computed pro rata.
The amounts so shown will be subject to the decision of the Commission, provided for in Paragraph (c) of this memorandum and payable in money, as may be directed by said Commission in its findings and decision. (b)
The Interstate Commerce Commission to supervise the keeping of these accounts and report the increased cost of the 8 hour basis, after such period of
The demands in this controversy have not been presented, in our judgment, for the purpose of
definite daily period of labor, nor a reduction in the 'existing hours of labor or change in methods of operation, but for the real purpose of accomplishing an increase in wages of approximately One Hundred Million Dollars per annum, or 3 5 per cent, for the men in railroad freight train and yard service represented by the labor organizations in this matter.
After careful examination at the facts and patient and continuous consultation with the Conference Committee of Managers, and among ourselves, we have reached a clear understanding 01 the magnitude of the questions, and of the serious consequences to the railroads and to the public, involved in the decision of them.
Trustees for the Public As trustees for the public served by our tin**? and for the great mass of the less powerful employees (not less than 80 per cent, of the whole number) interested in the railroad wage fund—as trustees also for the millions of people that have invested their savings and capital in the bonds and stock of these properties, and who through the saving banks, trust companies and insurance companies, are vitally interested to the extent of millions of dollars, in the integrity and solvency of the railroads of the country, we cannot in conscience surrender without a hearing, the principle involved, nor undertake to transfer the enormous cost that will result to the transportation of the commerce of the country.
The eight-hour day without punitive overtime involves an annual increase, approximately, in the aggregate of Sixty Millions of Dollars, and an increase of more than 20 per cent, in the pay of the men, already the 'most highly paid in the transportation service.
The ultimate cost to the railroads of an admission in this manner of the principle under contention cannot now be estimated the effect upon the efficiency of the transportation of the country now already tmder severe test under the tide of business now moving, and at a time when more, instead of less,
HALE HOLDEN, Chicago, Burlington & Quincy Railroad. W. W. ATTERBURY,
Pennsylvania Railroad. FAIRFAX HARRISON, Southern Railway.
FOR THE INFORMATION OF THE PUBLIC:
The Railroads* statement of their position on the threatened strike, as presented to the President of the United States
A strike on all the railroads of the country has been called by the Train Brotherhoods for 7 o'clock Monday morning, September 4.
This strike was ordered from Washington while the President of the United States was making every effort to avert the disaster.
The Final Railroad Proposal
The final proposal made by the railroads for a peaceful settlement of the controversy, but which was rejected by the brotherhoods, was as follows:
Statement of Executives to the President In submitting this proposal to the President, the fifty railroad executives called t5 Washington and representing all the great arteries of traffic, made this statement to him of their convictions:
firing
a
In good faith we have worked continuously and earnestly in a sincere effort to solve the problem in justice to all the parties at interest. These efforts were still in progress when the issuance of the strike order showed them to be unavailing.
Problem Threatens Democracy Itself
The strike, if it comes, will be forced upon the country by the best paid class of laborers in the world, at a time when the country has the greatest need for transportation efficiency.
The problem presented is not that alone of the railroad or business world, but involving democracy itself, and sharply presents the question whether any group of citizens should be allowed to possess, the power to imperil the life of the country by conspiring to block the arteries of commerce.
R. S. LOVETT, Union Pacific System
E. P. RIPLEY, Atchison, Topeka & Santa Fe Syatei
actual experience as their judgment approves or the President may fix, not, however, less than three months. (c) In view of the far-reaching consequences of the declaration made by the President, accepting the 8 hour day, not only upon the railroads and the classes of labor involved directly in this controversy, but to the public and upon all industry, it seems plain that before the existing conditions are changed, the whole subject in so far
as
it affects the railroads and their
employees, should be investigated and determined by a Commission to be appointed by the President, of such standing as to compel attention and respect to its findings. The judgment of such a Commission would be a helpful basis for adjustments with labor and such legislation as intelligent public opinion, so informed, might demand.
effort is required for the public welfare, would be harmful beyond calculation. The widespread effect upon the industries of the country as a whole is beyond measure or appraisement at this time, and we agree with the insistent and widespread public concern over the gravity of the situation and the consequences of a surrender by the railroads in this emergency.
In like manner we are deeply impressed with the sense of our responsibility to maintain and keep open the arteries of transportation, which carry the life blood of the commerce of the country, and of the consequences that will flow from even temporary interruption of service over the railroads, but the issues presented have been raised above and beyond the sbcial and monetary questions involved, and the responsibility for the consequences that may arise will rest upon those that provoke it.
Public Investigation Urged The questions involved are in our respectful judgment, eminently suitable for the calm investigation^ and decision by the public through the agency of fair arbitration, and cannot be disposed of, to the public satisfaction, in any other manner.
The decision of a Commission or Board of Arbitration, having the public confidence, will be accepted by the public, and the social and financial rearrangements made necessary thereby will be undertaken by the public, but in no less deliberate nor orderly manner.
The railroads of the country cannot under present conditions assume this enormous increase in their expenses. If imposed^ upon them, it would involve many in early financial embarrassment and bankruptcy and imperil the power of all to wininffljn their, credit and the integrity of their securities.
The immediate increase in cost, followed by other increases that would be inevitable, would substantially appropriate the present purchasing power of the railroads and disable them from expanding and improving their facilities and equipment, to keep abreast of the demands of the country for efficient transportation service.
A. H. SMITH, New York Central Lines.* FRANK TRUMBULL,
Chesapeake A Ohio Railway, DANIEL WILLARD, Baltimore and Ohio Railroad.
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FRIDAY, 3EPTEMBEF
With a railroad strike almost certain every home should 'V have a large supply of groceries and meats.,
BUY NOW WHILE STOCK LASTS.
OUR
What is high today may be higher tomorrow.
SPECIAL STRIKE SALE SATURDAY AND MONDAY. STORE OPEN MONDAY
TILL NOON.
Spring Chickens, pound...25c
Granulated Sugar
10 pounds ,75c With dollar order.
Including a pound of Coffee, 15c, 20c, 25c or 30c grade.
Flour Sale
Get our prices before byying. 24-pound Gold Medal.. .$1.00
Canned Goods
At our old prices.
Corn, Tomatoes, Peas, Baked Beans. Kidney Beans, String Beans, Hominy and Sauer Kraut, dozen assorted 950
Morris & Co.
Sugar Cured Breakfast
Bacon
Light, lean, mild cure, 4 to 6 pound pieces, pound 24o
Young Tender Beef Roast
Pound 15c
TODAY'S
Cheapest and Most wholesome Food Macaroni, Spaghetti and Rice. 1 pounds whole grain Rice 25c
Macaroni and Spaghetti. 2 10c boxes ,15c Dozen 89c 3 5c boxes... 10a Dozen 39c Bulk elbow Macaroni, the pound 6c
Freslt Liver
Pound 5c
Beef Tenderloins
Pound ,Ppc Live Spring Chickens, the pound .25
Compound Lard
4 pounds .58c
Pork
Sausage
Wbite Lily Buttering
3 pounds .55c
Ginger snaps
and
Crackers
2 pounds ...15c
Large Bermuda Onions
Each 3c
Jersey Sweet Potatoes
Pound .4c 10 pounds 39c
NEW SAUER KRAUT. Freah Spare Ribs.
Fresh Barrel*
Soft Peanut Butter, Ib..12J/2e
Yellow and Red
Onions
Pound Be
Country Honey
Pound 10c
Cooking Apples
Peck 25c Bushel *. 95c
Giant Bread
Largest 10c loaf in the city.
New York Cream Cheese
Saturday Sale, pound 19*/^c
Whiskey Sale
Old Guckenheimer.
Bottled in bond full quart 6-year-old -95c Father Pitt. 8-year-old aged in wood bottled in bond full qt.98c
Old Kentucky Whiskey.
Full quart 75c 2 dozen case Beer .$1.50 Singer Ale, Pop. Cherry Cola,
Root Beer, etc.
BRESETT
V