davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
LEAVE GRAND TRUNK TRACKS
Boston g. Maine to End Arrange.
ment and Build New Lines.

The New York. New Haven & Hartford
system Is planning to build two short lines.
AT a cost of about s5oo.00o. with the Oh
iect OF relieving itself Of it's present track
age arrangement with the Grand Trunk on
the route from New York and Boston 10
Montreal These trackage arrangements.
under which the Boston x Maine operates
its Montreal trains over portions OF the
Central Vermont, a Grand Trunk subsidi-
airy. have for several years caused friction
betwccn the arrangements of the roads.
The Boston & Maine has let contract
for construction OF line OF It's own on the
New HAMPSHIRE side OF the Connecticut
River between Hinsdale, y. H., and Brattle-
boro VI. a distance OF about ten miles, Tor
connection between which two points II has
hitherto depended upon its Central Vermont
trackage rights Ii is planned also To double
track the Ashuelot road from South Yer
non. Vt. for about two and half miles 10
n connection with the projected new Hins-
dale Brattleboro line.
Application has been made also to the
Ne;y Hampshire Public Service Commission
for authorizing the Sullivan County Rail-
road. a subsidiary Of the Boston & Maine.
TO extend it's line from Windsor to White
River Junction. In Vermont. Boston n
Maine trains now use the Central Vermont
tracks between these towns on the way to
Montreal.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
THE COTTON MARKET
Steady but Quiet Most of the
Day. Closing Lower.

Evening up operations over the holt
DAYS here and in Liverpool were the
principal feature of yesterdays business.
Weather reports telling Of beneficial rains
in many parts OF the South, with we'll
rooted plants in Texas, had little innu-
ence, as private crop reports are expected
before the end Of the week. and the gov
ernment's first condition report is due on
Tuesday Of next week The local market
will be closed to-day, while Liverpool and
New Orleans will remain open. Liver
pool will be closed on Friday and Satur-
day of this week. and New Orleans OH
Monday of next week.
The market opened stoary at an adj
vance of l to points on the cables and
sold about To points net higher dur
ing the early trading. The demand slack
ened on this advance and the market later
was easier on the rain reports with the
close steady at a net decline of > TO 4
points. within a point or two at tho low
est The local market for spot cotton
was quiet: prices unchanged. at 4 80 for
middlng upland; sales nil. Southern spot
markets were unchanged. Local contract
prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
ROCK ISLAND ISSUES WEAK
Bear Attack-Trying Year for
System, but Outlook Improving

acute weakness developed yesterday A.
the Rock Island issues which later extend
cd to other parts Of tho list Tho Chicago.
Rock Island 4 Pacific collateral trust I
per cent bonds Ucr" heavily sold. and de
clned from 69i4 at tho opening 10 t'. clos
ing at 6Si.. or point under Wednesdays
final price. Rock Island common stock sold
down from 2G', to .37s, closing with a net
loss Of q, points. 1T as while IN" pre-
fcrred. which fell from 81. 10 ~ and
rallied TO ia. lost - points on tho day.
No specifc explanation Of the weakness
in these issues cam" ont in tho course o.
the day Much Of the selling was 10y houses
supposed To BE- acting for large Western
speculative interests. who may have been
inspired 10 efforts for the decline hy reason
Of the absence Of Daniel g. Reid I'm the
West and tho departure Of cx-Judge VIII
lam H. Moore on the Lusitania for Europe.
The current fiscal wear Of tn" Rock Isl
and has been one Of diminished earnings for
the system. but it has recently been an
nounced officially that the earnings would
be sufficient 10 meet all interest charges.
Net operating income for the ten months
ended April 80 has been $2.1s2,957 Jess than
for the corresponding period Of the last
fiscal year. but the loss occurred plIor t.
April, in which month the operating income
increased s93,19S.
Ex-Judge Moore. on the owe Of sailing.
gave an interview bullish on tn" general
business outlook and on Rock Island He
said.
leave New York full OF optimism. The
period Of liquidation. which has been with
us for more than one year. seems 10 me
TO be ended. shortly We shall emerge from
the wild excitement Of politics and all viii
gee the broad foundations of progressive
cxpauSion of business Some have already
APPRECIATED the fact that what may De
called the boom period has started.
What Is true of general business also APP
niles TO- the Rock Island. Last winter was
the worst President Nudge had experienced
i'm thirty years. Any change from the win
ter and spring troubles had 20 be improve
ment.
am not politician and cannot forecast
the result OF the election. Whatever II may
be- the bases Of prosperity arc 20 wide ana
broad that they will remain unaffected.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
THE CROP MARKETS
Wheat. Corn, Oats and Coffee
Show Declines.

Fears of rain in the drouth sections o1
the Southwest before Friday weakened a
market alrendy saSging, and as result
wheat closed easy c:ja &C TO sc net lower
than on Tuesday. Much Of the trade was
on evcning-up. and the claim Of the bulls
that the country was buyer of wheat
from Kansas city. backed by higher cables
failed To check the downward movement
Corn was peculiarly susceptible to weather
reports. predictions of clearing weather III
the West overcoming an initial steadiness
due 10 reports Of wet and cooler weather
in the belt Some Of the cash markets
were 1c a bushel lower. and futures mere
closed az net loss OF sc 10 &c. oats lo'-
lowed the lead Of corn. opening about &c
higher and closing at the lowest Oh inc
day. with &C charged up to net loss.
Gables from Brazil Of n bullish tendency
had little effect on the coffee market, winch
los, the advance of earlier in the week
Opening figures showed a drop from lues-
dav. and all day the tendency was down.
ward. the net loss being 10 to II points on
sales of So 90 bags Foreign markets made
Il Door response TO the iirmness mere on
Tuesday. and this Is believed to have IN
spired the selling.
Enormous receipts of hogs at western
points failed to break the provisions mar
I,ct exccpt for brief period early, the
close being firm at practically the best
point Of the day.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
BIG MAY FINANCING
Largest Month in History, and
Years Total Hiuh.

There has developed r varied assortment
of financing issues which show Conclusivcly
that the period of low interest rate bond
Issues is passing and that the demand of
the times is for bonds Yielding per cent
or over. During the month Of May the new
financing shows total OF s321JO000o, which
Is slooop,G0 more than any other months
record In history of American issues, and
sl57.oo0,cO more than In May, 1911. This
large sum total of financing does not in
clude the sj,coOcco issue of New York city
bonds In addition TO what was done in the
United States. s65, o0o.c0 corporate financing
was done by Canadian and Mexican com
panies abroad. The present market is
averse 10 long term railroad financing with
high grade bonds on a per cent basis, ana
for that reason is called only fair market
but the great volume Of financing carried
through since the first OF this year SHOWS
there Is an excellent market for the hish
yield issues,
Corporate financing in this country since
the first of the year compares with last
year as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30

%,, York MAY 90 1917
GRAIN WHEAT \ good d"ai ~ the uade
as devoted fn evening M for the houday
and tho market had rather "A Mario" move
mont with the tendency downward, rsp", iaI!l
.fto- rnIIIa, There was conS'd'rahI" seIllnE
d ar ia. clos" ou ruInors that rain might ap-
u,ar in the drouth sections - IN" southwest
i.fo-c Frlda, This caused a drop Of d.
iI.r from the carly high point ana the market
,ias.d easy. g.. u - not lowe. ,dn"S N'I'
{, and higher. IN uutivorahle adNic"s from
tr. Southwest. poor quality or arrivals ~ i.'E,
erpaor ana fears for delivery. Broomhal
.,fl,t fhat the o"l,ll India crop estinal"
mas .GS 500 0oO bushels compared with 80 r.
az 600 bushels last year and "'bh","'" puSh
.Is r,yo ,cars ago ScIhoa~d clearauc-s w"'"
araI. liberal. especially shipments OF nouI
40 . red wheat nero. 81 "bN, : T. domestic
lasiS to arrive. export grade. 81 80 =" %
= D.. % ara,, CORN was s''ddi"r az the open
COD. ,.,l r.rorts % v.t and cooler weather IN
,ic holt Lut sustained later declines Of > =
no.. lusn.l in Response 10 predictions for
clearing weather iu the West and tn" after
non hcayiross IN wheat Final prices Or IN"
d3r we're i,ul-c net lower Liverpool closed
a.. J s.I NET lower Export corn. N+lsc T %
ar..f iu tho local market ATS-Aft"r
op.r.nr steady and about isc higher me
market cassd - ualf cont and Was rath'r
n..,. an dag. closing at ~" lowest point
cash oats standard white. 81 y r 30 IN 'l"-
vnt,r 80 o. - QGI To-. ~ 3. 81 n &c. W
( c,.iG-t.c. natural and Whit clipped. 81 V 70
,;.t.c ON truck RYE Nominal BARLEY
Eass. mailing. 81 l3t 81 - I Buffalo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
Oversubscribed Issue.

The offering of $4,000 per cent cumu-
lative preferred stock and $l,4S0,000 common
stock Of tic Northern States Power Com
pany, which was made privately on
Tuesday by William p. Bonbright & Co
from their New York and London Offices
to their clients, has been reported to have
been Ovcrsubscribcd. The securities were
sold In blocks Of ten shares OF common
stock for $500. This issue was made IN
connection with the acquisition Of the
Minneapolis General Electric Company by
the Northern States Power Company. The
latter has paid per cent dividends on It's
preferred stock unirterruptedly since its
organization, irl 1909
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
B, R. T. SUBWAY FINANCING
Subsidiary Company To Be
Formed to Make Contract.

Timothy 8. Williams, president Of the
Brooklyn Rapid Transit Company yestcr-
day formally confirmed the published state
ments that the principal part in financing
the new subway requirements OF that COM
pany would be taken ny Kuhn. Loeb < co.
and the Central Trust Company. and daln
that new railroad company, subsidiary to
the Brooklyn Rapid Transit, would he
formed to make the contract with the city.
lie added:
The bonds 10 be issued by the new COM
pany Will furnish the required money ana
the new financing will I'm no way disturb or
affect the present capitalization OF Inc
Brooklyn Rapid Transit Company. Inc
outstanding refundinC I per cent bonds OF
tho latter company will not be retired nor
will their lien be affected. but any sunse-
quent issues will necessarily be limited IN
the future to refunding operations and to
additions and improvements 10 surface
lines not covered by the city contract
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
LIVESTOCK MARKETS.
New York. May -. 1912

New York, May -. lol2
HEFyEs-Receipts l24 cars, or lib head
"a cars on sale. Top grades OF steers steady 10
strong; medium slow 20 Zoe lower fat bulls ana
fat COWS steady to firm: medium and common
buIls barely steady: medium and common cows
slow 10 lower Poor 10 extra prime steers sold
:, S66so 10 per 100 n: outside figures for a car
load OF black Angus steers 1921 III average, fed
by A. Hoober. OF New Holland. Penn ana
Lorght bv SulZberger & Sons Company. Bulls
sold at sias7 IS; cows at So 25dS6 40 outside
,rice Tor a ear OF Pennsylvania cows. Dressed
iter steady at 1lizdl3isc for native sides.
sales shsmbers 6 sSn ,od Pe I'M q s.s
" 80 ~, 1855 N. S. 70: is. 1911 n. IS 85 H.
il67 NJ, s. 80: u: i2ls N, s. So 1888 ~ s. %
bull 1890 10. 81 10: l. 400 Io. s. . d,
8 Sanders 20 Ohio steers. 1910 n. IS 81; |
bull. 1880 ID. IS Is; I. 1850 NJ, 80: 8 COWS
Iao5 NJ So 10. l04i N. 81 ~; 3, 1925 n. - %
. or: N ST. IL: 80. I0l4 No. So =. 1l7j n. - 40:
81 aS5 NJ 50 ~; !. SOS m. 80; heifers $40 10.
81 -, .t, .,,. por,.,
vsmia steers 1879 N. 50 80: P.nns, anita steers.
I235 n. 80 10; 20, 1902 n. 80: ~ 1863 70
G. 40. / $50 NJ ST. | bull 1850 n. 81 35 :. 100
h. SO is: 2. $50 n. S. IS; g. 900 No. 81 IS; g.,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
81. l34. 2l6.cO0 sso9.3'

marlborough Rapid Transit financing FOR
the new subway construction makes UP
$40, 100000 OF the total for May, hut BROOK
Ign Rapid Transit's s0o,"po.ooo financing TOT
this purpose is not included because II mas
not yet been publicly announced. although
arrangements have been made with inc
bankers.
II will be noticed that IN this list are no
railroad bonds. and only four railroad note
issues, one for equipment, one for complet-
Ing the Carolina Cl!nchield & ONO. one
for acquiring another road and one TOT re-
funding .5.0oooco Boston e Maine notes ana
construction work. Cumulative preferred
stocks are prominent, and public uuilty
bonds make up large share OF the total
Following are the issues now offered 10Y
sale to the public. or have been soid d!
com "a MES to bankers during this month";
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
ITEMS OF THE STREET.

Foreign houses bought about 30 600
shares OF various stocks in this market
These dividends have been declared
Galepa Signal oil Company. regular quar-
terly 2 per cent on the preferred stock and
a dividend Of 4 per cent on the common.
the same rate as three months ago, both
dividends being payable June 20; lnterna
tional silver Company, regular quarterly
"a per cent on the preferred and extra
IA per cent on account Of accumulated
dividends on that issue. and Swift & CO.,
regular quarterly "a per cent, payable
July ].
Alber, l.. Fuller has been elected n mem
her Of the New York stock Exchange.
1 = Morgan & Co. announce that they
are prepared to deliver defnitlYe bonds In
exchange for their trust certificates for
Monon Coal Company first mortgage per
cent bonds on presentation Of the receipts
a. their Office. properly Endorsed.
Henry r. Scott, 81 San Francisco, has
been elected q director OF the Windsor
Trust Company.
The New York curb Market Association
has decided to raise its initiation fee from
400 10 $50. beginning July !. There are
now NOR, than three hundred members OF
the association.
Application has been made to the New
york Stock Exchange to list $4,000 addi-
tiopal preferred stock Of the Pittsburgh
steel Company
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30

MOIASSES AND SlRtPS-Molasses s'cdu!
with a fair routine business. syrups qu'''
but steady. " .a
NAVAL STORES-Spirits turpentine Nas
again at 4Sc in sympathy with sdNaiiilan I
where ;he receipts continue liberal Rosih anu
tar GLiet. 49,.
OIIS-T.inseed unchanged. Rehned peuo-
leum steady at recent prices
RICE-Very steady. owing to reports rom
IN. South of a good general demand. CIoP
adyccs were somewhat more encouraslns,
but It was claimed that lands in the ho"d "a
districts cannot be repantcd until Ia'e III
June.
sUGAR-Rehned steady and unchanged. on
the basis Of soc for fine erarulated' less :
per cent for cash. The sales deparimehts "I
AL the .ocaI refreres decided 10 close from
Wednesday until Monday. Raw was steauy
with prices unchanged. at 39Sc Tor cehtrli ,
ugal. 80 test: 3.iSc for muscovado. \" test ana
323c for moldsses 50 test In London peer
sugar was steady, closing curb quotations
being as follows: May, rs 40; June, ~
43,d. and August, IFS Id. representing an al
vance OF i,d for May and June and decline
Of Ia d for August. compared with the cary
London cables Wileti Cray report receipts
for the week ~ four United states ports. -
O20 tons. compared with 7o.o7+ last week
$3.50 last year and 59,6j4 In 1910. MEETINGS
1000 against $1,000. 10000 and oJoOO
Total stock. 2l7i2f against 19o3"3' 2Sl'2oZ
and 391 1870
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30

pRoyIsION>-Except right At the opening.
vh,u III. market was effected by easier hogs
ana liberal receipts, provisions were hrIn, on
summit from packers and little covering
before the holiday. closing steady NJ about
best point OF the session PORk-tnsettled'
clcat, sl9 25ds2i BEEF-FIrm mess Sl34
SIX 80. family. slsu$lS so packet, slIq
siT IA. EXTRA india mess. S20d 500 so BEEF
UtNS-OuIet S2S n s3I DRESSED HOGS
steady: bacon. 1Oss n 1860. CIT MEATS
pictlcd bellies quiet; 10 III. llml2c; picked
hams quiet 12is q he. TALLOW-spacla
GO: city. 6Hc: country. Ga @6',c. LARD
IOI efiOi.c: refined barely steady South
America. I l. 9Oc; Continent.-l1c Brazil kegs.
70 o0c. compound quiet. 9G9hc. STEARlNE
steady; oieo 15lsc; city lard, lciac.
NETALS-COPPER-S firm; spot.
NAV June. July August and September.
ia 81 II 10 62tsc London firm; spot. rs IFS Cd ;
futurSs t76 2s cd; arrivals. 3205 tons. eX-
noris 9S 4S1 tons so far this month. lake cop
nor 16s. a lie: electrolytlc. l6&c: casting.
iU;, aIGhc. TIN-Easy spot and May NAY 4o;Io
a 40 a5c. June. 43.50n i6c: July, ~ 821s q doc.
August s3.9OG4f3T isc september, $4,000
IIr, sales Is tons June al $4,000 - az i50jc
am "a al acc % tons July at 4Jc and 70
IONS August at - CSC; London easy; SPOT.
GOOD los. futures, t199 los IEAD-Steady.
Ana &C New York. 4.i0a+ 15c East 81
Iouis. London ft6 lis 81. SPELTER-Steady.
10 a 7c New York. 6.70u $500 East 81 Louis;
London. f26 lis I'D ANTiMoN Y-Quie, :
sis i'm London. locally steady: No foundry
Sortbcrn No | Southern and soft. Sl5 5up
d. Il. No . foundry Northern SIS - n sl5 20.
COTTONSEED OIi-Was dull up 10 tho last
bouI when moderate business developed. IN
loading caused prices TO ease OF. and al the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
EXPECT SOUTH PENN OIL MELON

The stock of the South Penn Oil Com
pany. which toward the close Of last year
was selling at go is now quoted at nearly
so. and the sharp advance in price has
caused revival of rumors OF a melon
cutting" Il Is persistently reported that
the capital stock is to be increased from
the present $2,50O,0o0 to Sl5.ooo.oo. the latter
figure being said TO represent, approximate
". the net assets. The net profits in 1906.
the last year for which figures Of earnings
are obtainable, were s26o9, 72l equal TO 1N.4
FER cent on the outstanding stock.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30

Only three Of these issues give n rate Of
return loss than . per cent on their par
value, and the average yield on the entire
amount + near ~ per cent, emphasizing
the present demand from INVESTOR for hSh
yield securities. Practically every ono Il
these securities has been sold TO Investor
below par.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
CHICAGO GRAIN AND PROVISIONS,

Chicago MAY 20 Statements from Kansas
ann Nebraska bankers that crops would be all
right II rain came within the next six or seven
days tended TO make wheat Spectators 20 slo"
to-day regarding sensational dispatches sent in
by field experts Largely I'm consequence, the
marked closed weak. with prices ranging from
ioc 10 sac net decline 10 lsc advance. Corn
showed loss Of i.q % from last night. oats
we're on "a i,c and provisions finished irr-gu-
lar varying from 7isc down 20 gain OF
shade. Range of prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
EnoIish Coal Strike,

Accordrs % consular reports. the effect
o. the coal strike IS shown In the trade
returns If the United Kingdom for April.
The strike did not end until the middle OF
the month I'm view NJ the demoraliza-
ton Of the transport services. the number
Of factories that were closed on account
q the labor troubles or which we're op-
eatel on short time and the great num-
bers Ot working people who were thrown
on Of employment. it Is indeed sur
pr'slns that the level Of trade Was so well
rusintaned ID. noticeable feature OF the
trade for April was the very marked in
crease iu the imports Of cheap raw ma
terals, which is considered, Of course as
meaning increased activity in British shops
and factories. Imports aggregated $2Ji-
0es542. an increase of $41,677,324 over
April, 1911. while the $160,O4j,203 exports
showed decrease Of SI3,Gj2.133, of which
coal. coke and manufactured fuel account
ed for IS 342C
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
A Majority Pledged.

8 According TO the reports the Union Trust
Company. Of Chicago. has around 10000
shares 81 United BoxboaTd Company,
which. with 1000 shares pledged by di-
rectors and holdings expected from other
stockholders. will exceed 81 per cent. Ian
ard Kahns letter 70 minority holders APP
parently removes the last obstruction TO
the reorganization plan. Underwriting OF
preferred not taken by stockholders as
sures general and collateral bondholders'
assent, says the reorganization committee,
winch understands that the agreement with
the minority holders provides for deposit
OF thei, bonds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
BOND DOTS.

IT s too early yet TO tell whether East
ern financial Institutions will be much IN
evidence at the bidding on July ! for the
$4,000 Port Of Seattle district develop
ment bonds, but many inquiries have been
sent for information regarding the issue.
Onc-third Of the purchase price will be pay
able at once, one-third on January /. 1913.
and the remainder August /, 1913 An add
tional 100000 OF port development bonds
have been authorized, TO be sold as needed
within four years.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
To Issue New Stock.

AdWces from Atlanta gay that formal
b application has been filed with the State
. railroad Commission by the Central Of
= neorgis hallway Company for permission
70 issue the $l5OOO,O0 per cent cumu-
'atve preferred stock recently announced
~ the company for the purpose OF re
'uhdlLg soi=e Fl the obligations Of the
eoilpaay and particularly all Of The three
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30

issues Of income bonds which have been
acquired by friendly interests under the
recent offers Of purchase" The stock
holders are to meet on June to ratfy the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
a Favorable Balance.

Ranks still continue TO receive large
..,o,,ots Of currency from the Interior the
s,,i, of which appears to come from nearby
TITS To offset this income of money the
s,h treasury is taking substantial funds
I.on, the banks. but the interior receipts
are larger than the disbursements 50 ''e,e
seems 10 he no trouble ahead as resaruS
srarcirg the June 1 disbursement
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30
NEW YORK. PRICES.
TERROR RECEIPTS
sE>BOAKD CLEARtNCES.
IIOIH MD MEAL

rcr,.d hv the general holiday spirit, but showed
st,adlucss Spring patents. s. 80 q - 30 WIN
{, G0HS5 20. spring clears. 81 700 81. extra
40 { winter. 81 4oGsi go. NJ =, 81 2o4Si 80:
Kansas straisLte. s. @"H - 70 fancy sprlas
5air 20 good 81 s. 10. choice to fancy
81 l,a<5.o COR\MEAL -. SteadN; kim
I,f,I 81. BAG NENI.-Flnr white and
.,it,,, 81 751St 50. coarse. 81 70T$l a.
FEED Western sprng s26 10. standard mid
am, SIS 10. -four de-. S3l 10. rcd dog. 81 -;
.i., lr,u SIS 10 bulk. SO sacks. middinS,
so - =, s32 80. rod dog So 30: hominy chop
S9"si $50 buIie. $50 20 n s3i 20 sacks. clinical
s., ,O1tS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-30

tho bulls. who had pa prices UP y 10 -
points ON u.sday with II Wow Of influencing
HE markets In Europe Tho opening was
barely steady. nj a decline OF I" ~ points,
and after showing a slight further decline
ruIrd dull closed quiet. with a net loss ot I'D
:" - polnts. sales 80 coo bags. The recent
bulI<h cables from Brazil REGARDING IN"
,,,,t mont and claims that recent selling OF
cost and freight coffee was by houses who rep
resented holders OF distressed coffee failed /"
h.,. much influence. and IN fact II vas
thought that Brazil was attempting IN sup
port price,. Hayrc cloacd at >, franc higher
Tor MAY AMI = lower for other positions
IIam,ilrE closed :, N y pfennig higher, Rio
Was - refs lower and Santos unchanged 10
10 rcls higher. Spot inactive and unchanged
on tho basis Of AYE for Rio No :. Local
contract prices.