davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
WALL STREET PUTS FOOT
ON MARGIN DEAL EVIL
Stock Exchange Governors Act
to End Reckless Trading;
New Rules Adopted.
PENALTY FOR VI0LAT0RS
Consolidated President Pre-
diets Bigger Business When
the Boycott Is
Broken.

-'nc stock Exchange took another step
On the direction OF definite reforms yes
,erGay. when the Board of Governors
,aoplcd The report OF the special commit
80 appointed on Decemer 10. 1917. whose
spceiic duties were Ito consider the man
,er Of handling margin accounts and re
bypothecatinG securities and devise meas .
mes which will serve more fully to pro-
;.ct the public
A report was also made on an amend
,,ent 20 Section % Article NJ Of the
institution relating 10 the appointment
~ committee on business conduct. 10
consist of FIVE members. This was no;
s,,ed upon Yesterday. however, as il first
must be referred 10 the committee on cor
.,uutions. N accordance With the laws Gf
the exchange.
The resolutions adopted and which be-
corne part OF the Stock Exchange rules
Immediately are
That the acceptance and carrying of an
sccoun, for a customer or non-member
yithout proper and adequate margan
nav constitute an act detrimental 20 the
interest and welfare of the exchange. and
the attending member NAV be proceeded
srajrsf under Section OF Article XVII
OF the constitution
That the improper use OF customer
:. rurities By a member or his firm * -
sct moi in accordance with just and equi-
.hle principles of trade. and the offend
ing member shall be subject 10 the penal :
,ies rro-ded in Section 8 of Article NNll
Of the constitution.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

STOCK Exchange through the large arbi-
"ase business with all other exchanges.
This would seem 10 be good time
Mr.. Aguero added for members of all
eNchanses in this country. and all reputa-
oie brokers. to get together. and the pro
posed Organization Of the International
brokers Association on February is and
20 may prove 10 be step IN the righ,
direction. especially if the active mem
oers OF stock exchanges in this and other
cines Join the organization and work in
harmony for the mutual good
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

PROVISIONS Broko sharply under heavy
general selling led b. packers The advance
early IN the week which sent values 10 new
high records for the season, apparently at
,racted active profit taking. and in the absence
of aggressive support the market declined rap
idfv PORK Steady: mess. $50 oOHS2l fam
ilv sy1 Jua S23 30: short clear. S2lds2. -
IiEEF Mess. S"nH$2i family. s2irs2l
packet, S22o<.3; extra India mess, s:;suxt0
HF;EF HAMS-Quict at s32n$3i. DRESSED
IIOCS-Firm: bacons. iissullfsc: pigs. II
err MEATS Picked bellies firm at i3i4n
I3s,c. picked hams if,sc. TALON
quiet special. &c; city. SIC; country. 5,.m
aS.c I.\KD-Easy. Middle West. i0J5n
10 dc: rity. lOa.G1Oi.c. Refined. South Amer
lea. I SIC: Continent Ii.15c: Brazil. kegs.
10 SIC Compound quiet AT 1Ssn1'sc. STEAR-
ISr-oleo. 10 asked: cit' lard. l2'sc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
SHIPPING NEWS
Port of New York. Thursday, Febru-
airy Is. 1913.

steamer Ofo,a,a d.. southampton jan
VAR 80. 20 Sandcrsou q son. IN ballast. NJ
.i,cd e, the Bar 40 . a N.
Stcaner Californii orr. Glasgow ana Mo-
.uie February ! 10 henderson Bros wifh
los cabin and .53 stccrsge pa~seuscrs and
m.ds Arrived 80 the Bar AZ 1000 ? m
s;rauer Norhein oSor,. Gasuna February
T. go Hgsisr. Leitch - 30. with mahogany.
Arrived ~ the BAR AZ . 30 y IN, i.ih.
Stcamer Italia G,aD. Naples January o.
Mrssina :. Catnnia .. Palermo u and LIS
bon Il via bermuda February : 90 Peirce
Bros with mdsc. Arrived az the Bar at
Steamer Manuel Caiyo ,Spani. Genoa Jam
uarv Il Barcelona -. valencia 20 Malaga
- and Cadlr 30 20 tho tompsnia Irts- At
ianfica. With 80 cabin and i'0 sterrts" par-
-engers sgd mdsc. Arrived A. thc Bar -
s,esiner Ndriatlr CBr,. Alexandria January
- N1pi,, February | and Madeira . 10 Tho
Whitc star Line. with - first. 1872 second
cabin ana NJ sicorago pass'nscrs and mdsr
Arrived a. TIC Par al L. ~ J..
steamer iceland 'Bcs). Antwerp and
Dover Fehfuart / 20 the Red Stag Lin,
pirh .o7 cabin md ,6S .,..eragc passengers
aud mds,. Arrived at the Bar at 10 20 m
steamer Monroe. newport Ncvs and Nor
foik 70 the old Dominion So 90. Nth pas
sengc-s and mdse. Passed In Quarantine
steamer Thorsdal CNor. Nuevi,as Febrs-
arr :. 10 lllsl.r. Leitch Il 90. with cedar an.
me9osan u Hryea y.un ST H %ca az and %or
fox. 20 tho OId Dominion - 60. with pa.
Selgcrs ard mdsc. Reported OF Highlands
90 IN.
Steamer urea iisn obj. bermuda. 20 san
ii. rsou 4 Sol. with Messengers ana mdse.
Erporfed southeast OF Highlands at ~ y m.
steamer Chesapeake Bsitimor". to the
Now Yori. md Batimor" Transportation
30 with mdso Passed IN Quaran'in. A.
80 m.
steamer ProtsIs New orleans rebrusry {
% the Southern Pacific co. with passcuEc-s
and ndsc Passed IN Quarantine nj O."
Chicago On. Uavre February / 10 al"
French Line. with passenger aud mdse.
Passed fire Island - 6.2J ~.
steamer Arcadian (Brl. Bermuda tebrI-
arr II To- Sandrrson = son. with i9G pas
senLers malls aud mdse. Arrived az m"
Eai 10 m.
steamer chicago dfr) lIavre February l. 70
,hc rompsgnic Generate Transatlantiguc. with
~ cabin and 81 Storage passengers and rdso.
Arrived a. the Ear AT s:l3 p m.
steamer prosresn 1Nnri. Guantanamo Janu-
ar, 81 caibarien February = and Natanzas
20 tho Manson - Line. with sugar. Arrived
~ thc Bar nt + M.
SANDY Hook y J. Fob l3 $50 % m--Wini
southwest light breeze. clear: smooth sea.
SAILED
t'ulir Galveston. CITY Of - Louis. Savannah /.
Algonquin. Turks Island Santa cruz. san
Franclsoo Madison. Norfolk and NeVpVr,
News: M.Nlco Havana: Manhattan fBri
Nutrcrp. ORD rrnc 'Br,. RIO he Janeir",
Nic;te tBrl. Newport *er's mot previous
w.. Dclr war; philadelphia. la lorraine
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

For southern New England fair to-day ana
nrnbshly tomorrow. rising temperature moo
rate southwest winds.
Tor Eastern Pennsylvania and New Jersey.
,air and warmer to-day. tomorrow Cloudy .
,underat. south and southwest WINS
~ pelavarc Maryland and the DISTRICT 81
c1t,,n,iJa unsettled and warmer to-day. 70
morrow PROBABLY fan; moderate VariaDi'
winds. . ,t-.,.e.,, N-,..
WI f,ir and warmer to-day: t"-fnorro" far'
brisk southwest winds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
MOIAssEs ANn SYKIPN

MCIASsF> AND SbRtTS : e"ie' mn"
without important change in prices
NAVAL STOREs-Sprits turpe ntine ruleI
finn. Tar and rosin held steady WIN Prices
unchanged
Ou.s-Linsced oil unchanged. Refined pc
,roleum steady at soc for standard White' III
tbls. at New York. -
RiCE-st lady. with fairly good demand az
full prices.
SUGAR steady. Fairly good or or,
dcrs were booked Prices unchanged WIN
cranulatcd at 430ai Doe Receipts az ioui
United states ports for the week were hesNE
toialling lO0.O>1 tons. against ". lsg last week
aud 1855 last year MEETINGS az these saUie
ports increased 5000 tons during the week.
standing AZ 5000 against 10000 the week
before and i0cO year ago. Total STOCK Was
largely increased. standing AT l5.sco, against
s. 40 lsst week and lI5.ao3 las; year ne
LONDON market for beet sugar vas uncnahssu
Cor spot. but otherwise ed lower. rms put
February and March down TO 9s cad ana May
TO 9s o. Raw here was inactive, with sugars
offered az 3.isc for IS test centrifugal, WIN
3.42c bid. and probably business coad be done
at 3 iJc. Tone easy and prices nominal, win
centrifugal quoted 3.4Sc, which Is the BASIS
Of last sales muscoyado. 29sc, and molasses
- .,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

r...,,s,,o, ana ..e.m,t inN.Y. Pm.
HaWsi Fiu Islands New IealanG, ..,o
Australia VIA Nicioria, a Mskusa. Fec. u Gov
japan Cores China. Philippines
via N.c,oriO Empress o. INDIA .feo ~ s'"'
Japan. Cogea. CHINA wa scatiIe) on & "a
OIteT4e -
Hawaii. Gcam, Philippines via san ne On,
FranciscCl-U : Transport. 80. Il Gu 90 Wv
Tahiti. Marquesas. COOK ISLANDS
New Zealand Australia via san no , o.
francisco Tahiti ........--....te - '-''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
WIRELESS REPORTS.

The Philadelphia, reported as $40 miles east
of sandy Hook al noon yesterday. - expected
10 dock this forenoon.
The San G!orsio. reported as SO mics east
Of Sanry Hook at m EestldaN' u eh-
p.cted TO dock this afternoon
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
TALK FOR EDISON SCHOLARS.

Frank NJ TAFT and 7. &. Martin. re-
srec,,veIv president and sccre,ary OF the
Na,,o,,1 Electric Iicht Association. will
ADDRESS IN. Commercial School of the
New York Edison Company AZ p. IN. 10.
dav in The Edison Auditorium, No. "
West 9th street, on Good VIII TN Fupl'
Utilities"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

1872 1918

Highest temperature YESTERDAY, ~ 1egfeeh
f.t , 40 H. M: lowest. 10 average. u, aver
coo Tor corrcsponding date last year II {,
average for corresponding date last thirty
three yrars. 20 49, 49,, .
Ioc,i forecast: Fair and warmer to-day; to
Marcy probably fair: moderate south and
southwest winds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

Ioca, ON, ial Record.-Thc following ohlcia!
recorG from the weather Bureau shows the
hsnges In the iempers tIrc FOR the last ,went, -
four hours. in comparison with the correspond
ING date OF last year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
EXPORTS.
CASH QUOTATIONS.
GENERAL MARKET REPORT.

Now York. FEBRUARY -, l'l".
GRAIN WHEAT-The news I'm the wheat
market was Tot uf a character to encourage
holders Longs sold freely. and prices were
weak closing at a net decline of 5 q &c.
The foreign markets and Winnipeg we're
wch,t over or holiday. and private reports
from Europe saIi Tint prices there were III,
auerted by pressure Of cargo ouerinss ana
improved reports iron. India, whore further
rains occurred. Moreover, Argentina was
Offering sh,st freely, and Broonhall ESTE
mated shipments from that country Tor inc
week az 5000. 700 bushels. compared with
. IGs 900 last wees and l.oai.Ooo last year.
Tho weather over the West was sessonhble.
Tho spot dem1nd was inactive. and The
Norih@,stern Millcf SAID that The hon'
market was unsettled. A. tho iobbing trade
asa rule has anticipated its wants ana ~
Is doubtful n ~ any time OF this crop n"ur
could b. bought as cheapiy IS ~ present.
ENlorf-rs were but of IN" market. In the
local spot market No rcd winter wheat
was quoted a ~ oS elevator and 81 % d.
o b az at. 40 Northern Duluth. 90 iec.
% g. anoat. CORN--Thrr" was also h"aNy
selling In the corn market. and prices a. me
closr showed Mt losses Of y n &c. Export
corn Jfisc b afoat. OATS-''onmi~-
sion houses werc active sellers. and prices
were easier. closing ~ a net dcclin" OF y n
a., cas-, market easy; standard white. :"
n 3gi-c: No D. ISL n b'c. No !. 3s43N 70;
natural white. 81 D. "a ioc. white clipped. =
II AZ. all track. RNE-Steady. No Nes'-
crn sGn &c. : Buffalo. BARLEY -
Quiet. mailing soG 7pc. Buffalo: ferd
i-r 49, a. Kew. York
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
Subject to Penalties.

That reckless or unbusnesslikc dealing
js contrary 10 just and equtaple p'inci-
ples OF trade. and the offending inempeT
stall be subject 10 the penalties proNidco
in Section 5 of Article NNlI Of the con-
s,itu,ion in every case in which the Of
fenc. does not come within the provisions
os Section OF Article NN1 thereon.
The penalty for disregarding the first
resolution is suspension for not exceed
ing one year: for the second. Suspension
or expulsion. 10 he determined by the
governing committee. and similar pen
sl,v for the third except IN the case
Of a member or him which has been
caused BY reckless dealings. In this IN
stance the member or firm may be de-
clareG ineligible for reinstatement 10y
tvo.thirds vote of the governing commit
tee. In submitting its report 10 the gov
errors the special committee on marginal
trading said:
In its deliberations the special com
mit;ee has paid great conslderauoh % We
recommendations of the Hughes commit
tee. il has taken into account certain
suggs stions made by the counsel or t'e
Congressional committee OF "hlch NJ
pujo : chairman, and has examiner the
Questions submitted 10 II fer its consld-
Grafton and the possible solution of those
questions from every point OF view:
ono # the chief objects of the exchange
is "a promote ard inculcate Just and
equitable principles OF trade and 3usl-
ness, and any member who In MS deal =
jngs with his customers, has SHOWN Illi,-
self guilty of fraud or fraudulent pra.'
ticce ,r any other conduct contrary 10
lust and equitable principles OF trade IS
subject. under our rules, to suspension
or expulsion.
The committee also expresses the opin-
ION that any member OF the eXchanse
VINO exposes himself to the RISK OF IN
,o,venov by transacting business for Gus
toners without requiring from 'he'ii SUI
Hcient margin or who. without rea"irihe
margin. carries speculative account TOT
fellow member is guilty of conduct 'ha'
will bring dscredit upon the eXchahse'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
THE WEATHER REPORT.
oec,sI Record and Forecast.-Wash

Oeicisl Record and Forecast" ashIhs'o"'
Feb IA disturbance central over thc eA-
trerne eastern portion Of the cur oil MEXICO
caused rains during the last twen,y-tour mourn
along the Gulf and south Atlantic coasts. and
ra,ns are now falling on the north facinc
80, Tbcrc were snow huiries In the last
ts',ntv-four nours in the region Of the Great
Temporaturc is much .owor in the south ~
isn,ic and east Gulf states. ana u mas Is'h
decldedly in the upper lake region u.e .iss,s
sippi Valley. the plains states ah9 inc to'h'
Mountain region - .,. ,,,,,. -,
Win the exception OF rain or snow ffiday IN
,b, south Atlantic ststes, The weather VIII pc
Sni- FRIDAY and SATURDAY IN an paris oil tHe
,N,,utr, cxccpt the north racine states "heie
there will be rains. ,.,... ... ......,l.f,..
,r,rorsturc viii rise Friday otcr practicaIil
81 districts oast OF the MISSISSIPPI hlNer' aiiu
c.,rda,, In Tic touth Atlantic ara east Ouli
sfs,cs Moderate temperature VIII prevail
F,ida, and saturday west of tAo Mississippi
River -. ,,,rtard .oas, r.iii
. ,noderstc southwest; along Tie rldhl' ~
-. - coss, moderate variable. mostly SOUTH
S .ou,hues,: along the south Atlantic coast
90 go esst 10 north: along the east cur coast
p'e.... p.rfn. along the vest cur coast
iDs' ,ariahIe. on Lake Michigan. moderate to
frlsk southwest nno west a.. ,,o
- s.non,trs departing Friday for European
- ,r,lI have moderate southwest ana ives,
rrinds and generally fair weather 70 VIC "'ahc
Banks
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
COTTONsEED OH

moderatoIy active until 1atc In the day aTu
after opening about steady, prices developed
an easier tone and az the close were 20
points net lower Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

Liverpool cables: Spot IN moderate domanl !;
sales. 100 bales; speculation aud export. Jo0;
American 600 Imports, 10000. none Amerl-
can Mid upland. d .od. Futures opened quiet
~ 30 points higher than Yesterday. closed
steady al a net decline ~ 20 y. polno
Fshu.a-y 6.ii.d: February March and March
April GTuisd: April-nsy. 663isd; May Juns
G6gI. Jrre-July. 6.G7 I'd; July August, So 40
f.usust- september. 6j4'sd; September octone1
g. >d October November. a. o'sJ; SoN'nieE
Dccea,her q. % "a: December January. Is "a {;
lanuary-.'ebrpnry. G2iisd. Ianchestcr--i ari's
mar dcning tendency. cloths steadier.
Nov. Orleans Feb 4-Cottor futures closed
barely steady hsrc 10 day al net dcellnr o.
4 70 I POINTS A. III, opening and again ih
the efte noon. on moderate buying, prices Nsse
>, . POINTS over Yesterday CLOSING Tire
market was not active.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

onicial observations. taken AZ United states
weather bur ans at y. IN. YESTERDAY ioH'"'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
STEAMERS AT FOREIGN PORTS


Ha,ana. reb ll-Nictorla Luiae oGop. Ncw
York.
Ronen. Feh Il--Orlnamnic DBrl. NcV York.
Siug.pcrr. Fob ll-kiofo tErl. N'U York
via Aden. etc. for Manila.
Hrrinal rcb l2--NHrogga fErl. Ncw York
via Algiers and Bof1har for Calcutta.
Al..iSrs. Feb -. m-Sanr Anna fFrl.
New Iotl for naples. Nllcfronche and
Marscllos.
M0ntcyidco. Fcb ioycrdi lBri. NV York
via Rio de Janeiro.
BordeauA. Fob ~ -ipctroleine u3-,. New
YORK
r1ra. Feb - Benedict (Br, New York via
barbados.
Fisheuard. Fob ~. 0.i1 m--Carmauia (Br,.
New York fof Liverpool land proceeded 90
1880 M.
Genoa. F.h s-T'rncpc 81 P.emontc Ntan.
NeW Yo-k via Naples.
Atonmou'h. Feb I@--ElsWi'k l!ous" OBJ.
New Work.
Msrseliies Feb 10 -venozia oFrD. New York
yia Algicrs and Naples.
Liverpool Feh i:--carmania CBro. Sew
YORK. via Fishguard
Naples. FEB r.. : y m--Caronia tRr). Ncp-
YORK via Madeira. Alciers. etc.
Uiogo Fob l&-Shimosa (Br). New York Ma
Colrmbo Hong Eoug. etc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
Z 7 wv VFE-
NEW WORK. I't,t( les
Sr>UO>RD CLEAKNNCES
'puluth missing
EIOlI, AND NE NJ

v.ftf prices uominally unchanged Sprius
rnt.nts 81 IOdSl ~. winter straights. 81 -
m, 20 winter patents. 81 soI s. 20. spring
clears 81 - -: extra NJ winter. 81 10
JSI -. extra 10 = winter, xiufi 10. Kan
sas .trai rhts. 81 .o4si 30. fancy spring pat
.nts, 81 ipns5 81. RYE Ft.oCR-Stcady,
ialr TO good, g. c0nS3 80. choice 20 fancy,
ss .5f,s .35 per 100 III. CoRNMEAL-.
ouict. KIN dried. 81 L.. BAG NIAI--rir'
White and yellow 81 3o0sl 81; coarao. 81 -
1eI 20 FEED Western spring. Se3 -,
standaru m,ddlins 81; ~. norr do 81. 'r.t
dog SIS -. City GRAN. .23 hulk. 81 sacks.
mlddlin-. S2jns2o. red dog. $50 -. h"ui-
inv chon So bvik. <2l 20 sacks. oilm.al -;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
MARINE INTELLIGENCE.
IMMATURE ALMANAC.

c. 6:5i: sunset. SOB; moon sets, 100
age
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
Stand Taken on Margins.

Your committee believes. continued
81. ronor, that the exchange should by
n,one- resolutions make known both 70
its own members and to the pubic l's
position upon the improper use by ofoh-
ers of securities belonging 10 thei' GUS
toners and upon the carrying OF SPecu-
lative accounts by members OF the eA-
change without requiring suihcien' mar
gin. Reckless or unbusinesslike dealing ny
a member Of the exchange IL contrary 10
the interest and welfare OF the cxchanse'
and therefore constitutes conduct TOT
which a member may properly be disci-
mined even though the reckless or I'M
husinesslike conduct does not result IN IN
solvency.'
Regarding the practicabllitl OF tu'e
defining the circumstances under "hlch
2 broker NAV properly use the securiucs
OF a customer the committee reaches no
conclusion, on the ground that any hard
and fast regulation might unduiy unit
me rights OF, the broker. On the othef
hand. il IL pointed out that any definite
rule might appear 10 confer on the oroh-
er under certain circumstances. more eA-
,ensive rights than the Law allows him.
The committee said that ii had gwen
much consideration 10 the question
whether IL IS possible TO define The sur
Gcient margin" which n broker ought 10
leou!re from his customers The huehes
commission In its report suggested tnal
the exchange use rs influence 10 preFeh'
lts members from soliciting and generaHy
accepting business on a smaller mdrs"
than % per cent " added howevel, tha'
the amount Of margin which q broker e.
qgires from a speculative buyer OF STOCKS
depenas II, each case on the credit OF the
buyer. and the amount Of credit winch
one person may extend To announcer !"
dangerous subject on which 10 icsie'aoe'
The duties of the committee on business
conduct Include the duty OF inquiring III
TO cases where a member OF the eHchahbe
appears 10 have made improper use OF MS
customers securities where there II roa-
. son 10 believe that any member vi the ca
change IS conducting mis- business IN Il
reckless manner" Donald G.. Geddes'
Winthrop Burr. Samuel i. STREET Wits
b. Wood and Arthur W Butler are the
q members OF the committee whicn ior'nu-
lated the resolutions.
p At Yesterdays meeting the governors
also took action on two OF thc thic.
vacancies on the board by the election OF
William 4. Floyd TO succeed NiIi'aih
Robson and william y. Potts to sdcceed
the late j. T. Atterbury. The remaining
vacancy. caused by the death OF H. -
Doremus. will be filled later.
Opinion on Consolidated.
Regarding Governor Suffers latest
= Wall Street bills President Aguero OF the
{ Consolidated Exchange said;
The bill introduced at Albany Dronlpt-
M discrimination ny members OF one eH :
I ctangc acaiast the msInoers OF otner
fhehangcs g.s undoubtedly appear 10
Nttt lOVtr %. .aiT play.
The virtual boz cott' under which inc
consolidated Stock ESchangc has unjust
y suffered Tor some time VIII pc ptoheh.
Inclusion behind Chinese wali does not
, sohduce 10 increase Of business ana
venture 20 predict that tho open door
WI inure tq the benefit OF inc NC" 10TH
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

HIGH WATER
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14


lfavre a. well as q decline of ga. pie.
rics 10 Hamburg induced heavy liquidation
iu the io.ul market. and prices broke shirrif.
losing only slightly above the bottom. Nlt'
Ia MT decline II - TO - points. Pilvatc
aahl. .afl that :nr decline abroad was due
20 aggressive bca- operations. follow ir@ lqui-
dation rs smaller longs who were dis
cotra4 ed b. tho absence of aggressive opera
ions ~ tho Aull. There were also in-
quiries received here from abroad rega rdlni
. rln.ur ~ two failures In New York. which
rur,or was apparently entirely unfoundrd.
althoucn thor" wa small failur" IN t."
Gnnoo FrchaIsc. Which had no bearing "n
tho H. frhrt. At the decline The market
showed o. loss = from 81 20 rs points from
tho high point - ten days ago and was ~
new low records FOR the outir" season. being
several POINTS below thu lcvcl reached ins'
uriDr to the frost sc"rr late In August. Dur
ing the day there was hGlvy selling OF
nlarcir calls aud total sales amounted "a
il; OnO rags cost and freight offers from
Brazil Merr very uresrlar. ranging from 20
To 20 points below Tuesdays quotations.
Brazilian markets declined - roiy. and Pc
ccipis were fairly liberal Spot dull aud
u.s.. with Rio 40 at 1910 and santos
: "a lsftc. local contract prices. Tues
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

Forecast for special Iocsliiies-l2r Lasi-
.,n Nrw York. fair and warmer to-day: to,
morrow probably fair: moderate so"'" """
n,nr No,,b"rn New England. fair and warmer
today: to-inorrow fair: MODERATE southwest
winds
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14

Cape Town. Feb -,igrcniels 'Ccr. zion
Sew No-k,. Melbourne. etc; l.th ka1cnlh,
1.D Gr0m New Noru Freman,le etc.
Tluiiiac. Web ti--Nlr-inia G'r. NeN York.
) CuloI.uo. Fe3 u Breplfo' TEN '3r). iron
CilcLtta,. Boston AMI ~ York.
london. rob I" Nesaba orr. New York
L,sloa. FEB H. - = ~ toio;nbd iliap. froH
Marseill,s and "alcrmol. New York.
Re -badncs Feb T. y IN Noliare On. iron
rucnos A,res Monte ,idco santos and I,ic
de Iai elFol. New York.
Tiume. Feh .--Franconia 'Brl. New YORK.
Palermo. Feb t.. 10 2 ME ithiia "itah
from Genoa. New York.
Mouteylleo. Feb ii--poro;ay hif). uFom coro-
reD. New York.
Rio dc Jineiro. i'eb Ii---coit!sh PiiHce OBJ
from Santos. New York.
Marrcillcs Fec l2-Ge.rlsna fr'. New York
Malta. Feb o--Gutenfels GER. Nr0n calcutta
and Colomboi. Boston ala New foTk.
Queenstown. Feb ~. $40 2 m-Maiesiic 'Br,.
urom Southampton and chcfOoIry'' New
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
Humidity.

UUHIIuIIN.
a. mo-. ,s.i p. m....... "'s p m.'..... 80
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
SATURDAY. FEBRUARY 10
NSPACIFIC MAILS.

ro.t-. vo,,e,,i.o uarher go m 600
i-,t,a cornnhao.r : 100 y
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-02-14
PASSED

Lizard. l'ch l.s-LarIand ,fclel. Nov totk io
New YORK fo- Boulogne and Rotterdam
l'uiney Fridge psr. Nov York for iianhurs
Perrin. Feb l3-Suruss tDrl, New York To
Manila