davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
BIG GAS BOND ISSUE.
Consolidated Nay Raise S20,0OO,0OO
Plan for Transferring Works.

At the next meeting of The executive commit
tee of the Consolidated Gas Company there will
be considered various plans for carrying into
execution the contemplated transfer of the COM
pany's gas manufacturing plants from Manhat-
tan Island 10 Astoria. An application is now
before the Supreme Court in which the New
York and East River Gas Company, one Of the
subsidiary corporations. seeks permission to con-
denim a right of way for tunnel under
the East River between One-hundred-an tenth
St. in this borough, and Astoria. This applica-
ton has been disapproved in behalf of the
State by Attorney General Gunner, who accord
ing to the Albany dispatches. will carry his OPP
position into the courts If the pending petition
of the gas company is granted by the Supreme
Court. Despite the possibility Of litigation from
that quarter however, it is believed that the di-
rectors of the Consolidated Gas Company will
proceed to perfect their arrangements for re-
moving the plants to the projected central site
across the East River.
1t is understood that one Of the subjects which
will come up for consideration by the executive
committee next week will be a financial plan
providing for the issuance of 4 large amount of
convertible bonds, possibly S20000,o0O or more
Last September there was issued at $50 new
stock to the amount of S6562 00O the last of
the additional stock authorized in July, 1900. 1t
had been supposed that the proceeds of this
the Astoria plant and the transfer of several
plants now operated in this borough, but it is
probable, in view OF the projected heavy bond
issue, that large additional sum has been
found to be necessary for carrying out the vast
scheme of Capitalization and betterment. 1t is
reported that part Of the proceeds Of the new
bond issue will be used for retiring bonds
which have matured or which can be called be-
fore maturity.
A two-thirds vote of the legislature in 1872
was not necessary for the East River Gas Com
pany Tunnel bill, seeing that the company
merely seeks the power TO exercise the right
OF eminent domain, and not to acquire public
land for private use and the company is as
much q public service corporation. fitted to
take property under condemnation proceedings
as q telephone. telegraph other corpora ton
IS the opinion OF John A. Carver. who appeared
before Governor Odell and Mayor Mcclellan in
defence OF the Rensen East River Gas BILL
vetoed by the Governor Thursday. At the
hearing before Mayor Mcclellan in April, OPP
ponents Of the bill objected that the act of 1892
was not passed by e two-thirds vote, and that
all measures parting with State property and
land under water must receive such q vote. I'VE
are not asking an appropriation Of State lands
but are paying for rights and merely ask
ing for condemnation commissioners" said Mr.
Carver IF we have not the rights claim,
how was it that the already existing East River
tunnel was permitted to be constructed%
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
BOSTON COMMISSION HOUSE FAILS.
Whitney, Pousland & Co., of Boston, in
MISUNDERSTANDING Sill, 9OS.

Boston, May 13-The firm of Whitney Pousand
& Co., commission merchants of this city, filed a
voluntary petition in bankruptcy in the United
States District Court to-day, with liabilities of
Sill 903 and of 1868 OF the liabilities, S690S
is represented by unsecured claims and the re-
mainder by notes and bills. The firm is composed
OF William Z. Stowe and George H. Pousland. and
its office is at No. 147 NIilk-st.
Mr.. Stowe also filed a personal petition in bank
ruptcy, showing liabilities of $S04.700. No assets
scheduled. OF the seven claims against Mr.
Stowe personally three. amounting to $Sl060. are
secured by mortgages including that OF the Pater-
Trust Company. of Paterson, n. j., for 5000
The largest unsecured creditor is the estate OF
Edward Whitney. of Belmont, formerly member
of the firm. for $780, 900.
The firm of Whitney, POusland & Co. was one
of the leading commission houses in this city TOT
many years. Counsel for the petitioners state
that the FIRMS difficulties due to it's connec-
ton with the pesha Lumber Company, OF ArkaIl-
sas. The amount due tho Whitney estate was IN
CURED account of the lumber property invest
mentS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
FIGHT YOUNG TEACHERS PROMOTION
Association Makes Stand for Advancement
of Those with Most Experience

The New-York Teachers Association has made
stand to obtain from the Board OF superintendent
consideration for the most experienced teachers
The Board OF Education has announced that il will
give preference in promoting 10 experience. The
association has determined to hold the board to this
plan. The association issued a circular a few days
ago. with the following note:
The cases in the matter OF promotion OF two
teachers, which were referred TO the president in
order 10 bring suit were submitted 10 LAWYERS
whitney and Hamburger, both of whom agreed that
the facts in each case We're not OF sufficient legal
force 10 give prospect of in the courts The
sentiment Of the association IS unanimous that the
ened. and Inat a great injustice has been done
them by the Board OF Superintendents in denying
them promotion
Mf. OBrien, associate city superintendent replied
that the Board of Superintendent had no desire to
do injustice to teachers and IL President Gross
would give the names of the teachers the board
would be glad to investigate. Mr.. Gross replied
that there Were several instances, and gave the
name Of Miss Cunningham. OF Public School No 25
MIR. OBrien said yesterday:
MISS Cunningham, who was preceded by a Miss
highter, had never been In the graduating class
schecuie. Miss RICHTER had place in her school
NO 4f-and was therefore transferred. In accord
4nce with the decision in the Callahan case in
brooklyn, Miss RICHTER could not be placed below
her schedule. which she had reached by obtaining
license to teach In graduating class.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
REPORT ON FOREIGN CROPS.
Outlook Poor in Russia, but Good in Other
European Countries.

Washington, May 13.-The foreign crop report OF
the Department Of Agriculture issued to-day, gives
the following review Of conditions in parts
Of the world:
Russia-Several reports agree that the is
two or three weeks later than usual. Odessa and
Rostof-on-Don report that many grain fields had to
be ploughed and resown The tenor of many I'M
official reports regarding the general crop situation
in Russia has been decidedly unfavorable but more
hopeful views are held In some commercial quar-
doubtedly has contributed largely to holding back
the crop supplies.
rated materially higher than year ago. the diff
ference being especially marked IN the case OF
wheat and rye. The sowing of the spring crops is
backward IN many localities. owing to cold and
Austria-The fall sown crops in most provinces
wntered well, and, with rare exceptions, their
dition affords ground for the best hopes.
Hungary-The official reports generally favor
able. The least satisfactory Were from Transyl-
lack Of snow cover in the winter and spring. The
spring crops were mostly satisfactory.
Rumania-Crop reports are generally favorable.
Bulgaria-The latest reports favorable to
spring crops, and winter crops generally doing
well.
Turkey-The latest available report indicates that
juTed by the cold there. and that in the
Smyrna portion of Asatc Turkey crops In good
condition
Italy-Crop reports are favorable and crops grow
ing rapidly.
Spain-Crops generally satisfactory.
good progress could be desired, the only com
plants being in regard to rodents and weeds. The
situation appears highly satisfactory Fruit pros
poets good.
Belgium-Fall crops generally satisfactory.
observation-disclosures spring sowing favor
able; Area smaller than in previous years, and the
condition varies.
Great Britain-Winter wheat has improved. but is
still far from satisfactory. Spring wheat already
up is generally good. Arabic crops are generally
backward.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
PETITIONS in BANKRUPTCY.

An Involuntary petition in bankruptcy against
RE1SIIT & HERMAN cloaks. No 60 University Place v
A s. Ellison co. and other creditors claims OF
S736 yesterday Transfers amounting TO 50
alleged by the creditors. Holland l. Duell was ap-
pointed receiver. with a bond OF 81 600.
Brown Isdor james and George Brown partners
paper business BROWN. JAMES s. co. al No
Groye-st Jersey City. all living this city
filed a voluntary petition showing indebtedness OF
2.303 nominal OF $3,25I is
largest creditor with a claim OF $iCJ. The stock is
scheduled 81 600: fixtures. $50: accounts $40
insurance policy at 81, 200.
McDuugall HawHes was appointed receiver of the bust
ness Of g. L. SACK. with Il bona Of $1,000.
Schedules GOETZ MANUFACTURING COM
PANY show liabilities o $39.3yg nominal assets OF
Sal 227 The principal creditore U. Hungerford *
Pearl-st S6,02S. secured by ASSIGNED
unsecured csim Of s5d9i Carletory Chase Electric
Company Duane-st., 81 800: Huntington Long
Island 81 Goo The consist OF stock $4,000:
counts. Sl0.1I7 and deposited in bank 81 SOC
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
"Bradstreet's" says:
TRADE IN CHICAGO.
"a rELEGRAPH 40 THE TR1RuNE.

GBY TELEGRAPH THE TRIBUEE.l
Chicago May 13.-There extremely weak
wheat market with tho close almost at the bot
tom and at a decline from last night OF 80 TO
1lac There the lack OF outside buying
help that there has been for weeks. There
a favorable weather map. except some rain in
the Northwest. StatsticIan Snow said that the
week mad been altogether favorable and The
Modern Miller was bearish as Snow.
Liverpool 1kc TO &c lower. and all other
foreign markets OF. There were enormous
Argentine shipments. S.6G4O0O bushels. and the
American cearances for the week the small
est ever known. only 1850 bushels. CIearances
to-day only A. eco bushels. Receipts only
81 cars IN the Northwest. There demand
for cash wheat, except for small lots. Milers'
sales were 10000 bushels No ! Northern. May
closed 90c: old July sold at SEC and Size
and closed Sc sellers; new July. s31sc; old
September. so 1-Sc; new September 79c. All the
big cash interests against the price, evidently
disnclined to 80 into new crop at high prices.
The circumstance counting most against the mar
ket is the indifference Of the public Professionals
are getting no outside help on the bull side
There good cash busness-at least
$500 bushels-but corn felt the wheat weakness.
There was fine corn weather Statistician Snow
said that the corn area would be much larger than
last year. No support given The close
&c TO 1870 lower. May closed at 1870: July sold
49c and 474c and closed at 47@sc; September 47ic;
December. 43lsc 1t looks though the Lake
strike might be long drawn out. No one is giving
any support, though the Armour interest evidently
expects better situation later in the summer.
There is idea that Gates and his New-York fol-
lowing loaded with July. Receipts were only
90 with three contract Clearances from
America for the week were only 125 900 bushels
Argentina shipped S6i 900 bushels Clearances were
"a 600 bushels The selling was led by Cudahy. and
by the local professional group OF bears. Bartlett.
Frazier sold and hearsh Cash was
firm. Some grades Of cash selling at astonish-
ing premiums-No. yellow corn at 65c.
Shipping sales OF oats Were heavy-1750OO bushels
taken largely by cereal people. There were
10000 bushels standard cancelled and $1,000 BUSH
els standard of public houses. Prices opened
firm, but closed weak. There was a lot of Septen-
Der selling by the Pringle party. closed CSC
lower TO &c higher May closed at 477sc July sold
at sec and at 3Ssc, and closed at 3Ssc; September
S0i2c
Provisions weak. except the ribs Armour
Is supposed to be covering ribs. and some Of tho
other packers are covering shorts taking in hand
some profits the short side Pork closed 71.c
to 12&c lower; lard &c to 7l2c lower ribs DC higher
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
MORE GOLD TO GO OUT.
Known Shipments To-day Amount to More
Than S5,OO0,O00.

The total known gold exports by to-day's
steamer will amount TO more than S0,OOO,0oO. OF
the amount ]. 2. Morgan & Co. will ship $1,000
600 and Lazard Freres S, 100000 while another
firm the name Of which was not made public
yesterday will, 1t is said. export round amount
Of the metal Total shipments since April
amount to over S43,O00O00. of which S13,50O,OOO
has been shipped by the agents of the Panama
Canal Company.
The first engagement of gold for next Tues
days steamer was announced yesterday by
Lazard Freres, who will then ship $1500,O0O
to Paris. Hedelbach Ickelheimer * Co. Or
dered 81 100000 and J. F. Morgan & Co. $780,
600 for shipment on Tuesdays steamer
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
Bankers posted rates we're,

DOMESTIC EXCHANGE-New-Orl Orleans - Com
mercia1, SOC discount; bank 81 premium. San Fran
csco-Sght. 21sc; telegraph &C. Boston-5c dis
count Charleston-Buying. par; selling 1-1Oc pre-
MUM ChicagO-25c premium. Cincinnati-1Oc 10
l5c premium. Savannah-Buying. soc discount: SELL
Ing, 75c premium. ST. Louis-S5c premium Mime
apolis-S0c premium.
BANK CLEARINGS. - New-York Exchanges.
s1s7,S161Oa; balances. s1SSs6.SO1. Baltimore Ex-
changes, SIS; balances $4S7.O5S. Boston-Ex-
changes, s24S72s17 balances s249s547 Philadelphia
Exchanges SS5S4 9s9; balances So OS2 346 Chicago
Exchanges. s27.6S5 129; balances $2.515.426
FOREIGN MONEY MARKET-CaH money IN
rate for short bills per cent; for long bills, 29
zI-lb per cent. Berlin discount rate, per cent
Berlin exchange on London. 20 marks AZ. pfennigs.
Paris discount rate, 2A per cent. Paris exchange
on London. Is francs 1919 confines
FOREIGN SECURITIES.-British consoIs for
money CO.'S; for the account, 80 SIG: French rentes
SO francs So centimes
SILVER MARKET.-Bar silver. 557sc; Mexican
silver dollars. 4412c. Bar silver in London closed
at % 13-16d
GOLD PREMIUM--In Madrid 80 20; Lisbon 4-00
GOVERNMENT RECEIPTS.-Customs receipts
reported from Washington 1894 55s; internal reve-
nue. receipts. S43662: miscellaneous receipts S9S 25
receipts for the day. S1.71-56; expenditures.
S'uZooo Receipts for the month date, Ss O63 49,
expenditures, s62 110O 600: excess OF expenditures
S4O4s.5W. Receipts for the fiscal year to date
s4o6I566s; expenditures. SILL $685. excess of ex
penditures. s4O5S7 .929
Observation-Disclosures Sub-Treasury was debtor
TO the Clearing House S1,51 81.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
NEW LOW RECORD FOR STEEL COMMON.
1t Goes to s 5-S-Insiders Said To Be Buy
ing It.

United States Steel securities again led the down.
ward movement in yesterdays market. and the
common stock made a new low record at S9s.
There were heavy selling orders from P1ttsours
while the stock was taken by people ldentlled
with the corporation. It learned yesterday
from a director OF the corporation that the COM
mon stock being absorbed by people who are
actively associated with the concern. and that the
thus bought would be held indefinitely on the
belief that the price of the issue VIII eventually
be quoted at a much better level.
From speculative point of view the common
stock may appear attractive especially If insiders
accommodating it with the intention Of selling
a higher price.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
FIREMEN's PARADE WILL BE TODAY.
Chief Croker Asks That No Ticker Tape Be
Thrown from Windows.

The annual parade of the New-York Fire Depart
ment, headed by Chief Croker. will leave the Bat
terry to-day at 230 p. m. The route of the parade
lies up Broadway TO the Worth Monument, where
the medal men will receive their decorations, and
the parade viii be viewed by Mayor Mcclellan and
Fire Commissioner Hayes From the Worth Monu-
ment the hremen will march up Fifth-ave. to Thir-
ueth-st. where they VIII dsband. the apparatus
turning east or west into Thirtieth-st. in the
direction of their respective stations During the
parade Chief Croker will be in communication
with Fire Headquarters the entire time.
commissioner HAYES has made special request
mat the practice OF throwing ticker from
windows Of the Broadway firms be laid aside for
once Last year several teams became nearly I'M
manageable because of the ticker tape which set
tied on them. and serious accidents were mar
rowly averted.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
WANT ACTION AGAINST WABASH.
Holders of Bonds Ask Mercantile Trust Com
pany. as Trustee, to Sue for Accounting.

The Mercantile Trust Company, trustee Of tho
mortgage securing the Wabash debenture bonds,
has been asked by holders of a large amount of the
bonds to bring an action against the Wabash Rail-
read Company to accounting TO the
gross and earnings of the railroad covered by
the mortgage, for each interest period, the object
being determine whether earnings appli-
cable to the payment Of interest the debenture
Bs has been properly credited. No interest has
ever been paid these bonds, of which $26.500OO0
are outstanding. The letter Of the bondholders
the trust company points several alleged de-
partures from the required procedure in ascertain
ing the net income applicable the payment Of in
tereSt the debenIure Bs. An officer OF the Mer-
camille Trust Company said yesterday: I'VE have
submitted the matter 70 our counsel, and we shall
be guided by their ADVICE
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
THE DAYS OPERATIONS IN BONDS
GOVERNMENT BONDS.-Market steady. Ftna
quotations follow:

RAILROAD BONDS.-Market irregular. Total
sales amounted in par value to 81 $3.50 500. against
81 S97 900 Thursday. The heaviest dealings were
in the Atchison general As Central of Georgia
ond incomes. Chesapeake and Ohio 413s. Chicago.
Burlington and Quincy As Chicago Rock Island
and Pacific railroad As, Chicago Terminal Trans
fer As Hooking Valley 41as. Kansas City, Fort
Scott and Memphis as. Missouri. Kansas and Texas
first As Northern Pacific 3s and As. Oregon Short
Line As. Reading general Is. St Louis San
Francisco refunding As. Southern Railway first S.
Union Pacific convertible As and Wabash debenture
Bs Consolidated Tobacco As and United States
Steel 5s also active.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
MCCLELLAN A MEMBER OF THE ST. CA
Elected for Life by Managers-Investigat
Committee Also Appointed.

It announced yesterday that at a meeting OF
the board OF managers OF the Society for the Pre-
ventiOn Of Cruelty TO Animals held on Thursday
Mayor Mcclellan accepted election as a life member
OF the society.
Owing TO the notorlety which the society has had
in the last two months Mr. Haines asked the board
for the appointment of special committee of three
TO Investigate in detail the and affairs Of
the society. with authority 20 employ an auditing
company or certified public accountants TO make a
complete and exhaustive examination Of the hnan-
cial condition of the society. covering such period
as the committee might deem best. This committee
appointed by the Rev Mr.. Grant. who was IN the
chair, was asked to report at early meeting OF
the board. -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
DESTRUCTIVE OIL FIELD FIRE.
Careless Spectator Starts 100000 Con-
fagration in the Batson District.

IBY TELEGRAPH TO THE TRIBuNEJ
Galveston, Tex, May 13.-For the whole afternoon
and until O'Clock tonight there ragged at the Bat
son oil fields one of the destructive fires that
have been experienced there While the exact loss
cannot be estimated until tomorrow, it is tonight
placed at approximately 100000 partly covered by
insurance Besides the actual loss of six drilling
wells two derrcks and ten thousand barrels of oil
valuable machinery was rendered worthless which
will considerably delay the immediate further de-
veopment of the field.
During the confagration Thomas Walker, a
foreman of one of the companies whose property
was threatened was burned to death.
The fire is thought to have been started by
cigar or cigarette dropped of the waste
oil reservoirs by a spectator.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
HAS CAPITAL OF 100000.

Albany May 13-The First Security Company OF
America, OF Yonkers, was Incorporated to-day with
a capital Of 100000. The company is to deal in
the stocks and bonds Of other corporations. and
the agents of individuals. firms and corpora
tioLS The directors Charles a. Hazen, Frank
V. Walters. Gustav Simon Alexis Law Gisko, Or
lando =. BRINE and Webster Blocker OF New York
City. and George A. Smith, of Worcester, Mass
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
w. G. BRokAw GETS OPTION ON LAND.

1t reported yesterday that W. Gould Brokaw
had secured option property at Great Neck.
Long Island owned by E. J. Schenck. George
Lair. Frank Livermore Frank Fuerstein and
John Higgins. When he exercises the option he
will a tract of land extending from the Middle
Neck Road the shores Of Little Neck Bay.
Milton A. Lecluse. OF S. Osgood Fell & Co.
the broker il is said, in this transaction.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
JUDGM ENTS.

The following judgments were filed yesterday
the first name being that of the debtor:
Boerum, wyclofr jr-C Bernstein. S119O
low ........................ 1913
Flint E-F koenpel. 1S22
Metropolitan Stree: Railway Company-P Hanan..
The City OF -Yorl--N Y g & II r Co... 1851
Consumers Brewing Company-E Spsl... 1876
The Bank-COlumbia Bank ala
Johnson. Henry C-New-York Edison Company. 1.461
schoen. Murel l. P-Iichtensein Millinery Com
psly lolO
WEIGH. George RE a Chatterton. 1885
Weinacht Edward-Ci BaukeIl.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
TREAsURYs DAILY TRANSACTIONS.

Washington, May 13.-National bank notes re-
ceved to-day for redemption. Sl23O S5l; receipts
from internal revenue, $743662; customs $S34h59,
miscellaneous. $685. expenditures. $2020OOO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
London Ny. NY.
close equivalent close CHANCES
MONEY AND EXCHANGE.

MONEY MARKET-Money call opened ia
per cent; highest "a per cent lowest, ia per cent:
last loan per cent; closed l12Q2 per cent; ruling
rate 2 per cent Time money was quoted at pa per
cent for sixty to ninety days. %. cent for
months and Sa4 per cent for five and six months,
Commercial paper was quoted at 3%Gp4 per cent for
sixty to ninety days. 4q4R per cent for four to six
months and per cent for others.
FOREIGN NEUTRALITY-SUSPICIOUS. closed firm.
Ao+,oI oIosipQ rates follow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-14
ANADA ATLANTIC REPORTED SOLD.

tBT TELEGRAPH THE TRIBUNE.l
Boston. May l3.-It is rumored here that Mac
kenzie & Mann have bought the Canada Atlantic
Railway for $l5000,000.