davidaulloa/AmericanStories huggingface dataset:
The sun., 1913-12-03
CsilectlaE COupOns.

Since The latest ruling OF the Treasury
Depa artment in regard to the Cashing o!
coupons by banks and collecting agencies
a number OF firms are sending out cir
cular letters pointing out the distinct adj
vantage to bond holders In taking advan-
taGe OF this ruling and Offering TO act
as agent. Provision has been made to
the effect that the original certificate of
ownership accompanying coupons may be
forwarded by any responsible agent iitst
receiving coupons for collections direct 10
the Comm ssioner OF lntArnal Revenue at
Washington, the agent making duplicate
certificate with all particulars contained
in the original certificate but omitting
the name and address OF the owner. to
follow the coupon through the various
channels OF collection. In this way the
unpleasant; feature OF publicity is avoided
and the bondhoder IL in practically the
same position as before the income tax
went into effect. His name will be known
only to the firm acting a. his agent and
the Commissioner OF Internal Revenue
at Washington.
The sun., 1913-12-03
MISCELLANEOUS MARKETS.
CcGee closes slightly higher, Trad
Ing Of Light Volume.

Coffee closed I to : points higher yes
ferday for the active positions. with trad
ing dull. Only $4,000 bags were sold
throughout the session. with most OF the
sales confined to the March and May op-
tons. Trading was generally featureless
Prices at the opening were \ to IL
points higher on firmer cables. Receipts
Al BRAZILIAN points continue large. and
Sac Paulo weather was favorable for the
crop. stock at Rio was I1e.000 bags
larger than last year. but this was offset
by decrease of $4,000 bags at Santos.
The worlds visible supply of coffee in
creased i,S.9i5 bags during November,
compared with an increase last year OF
lSl.i9. Total visible supply figures to
date are l3.is9,lai bags. against 1o.s20.-
4aS year ago. Deliveries of Brazilian
coffee in the United States for the month
were large. 5tl.st0 bags. against seas
last year.
The Havre market opened unchanged
10 = fr. lower and closed /. to a.
fr. higher. Hamburg started j., to .,
pfg. lower and finished unchanged to 4,
pfg. higher Rio No. was 125 reis lower
At $3.50. At Santos No. 4 was 100 rcis
lower At $500. while No. there was
also 100 reis lower at 5sl00 Rio and
Santos receipts were $4,000 bags for two
days. against $4,000 bags last year. Sac
Paulo had 10000 against 5000, and
Jundiahy 10000. against 900
Prices were
The sun., 1913-12-03
Capital Abroad,

Private reports from London as 10
the temper OF the investment market
there dwell rather particularly upon tine
manner In which the underwriters are
being slowly but surely relieved of the
heavy burdens assumed earlier in the
year through an undoubted Improvement
In the public appetite. In the great
rush of applications for new capital IN
London in the spring and early summer
capital was kept from subscribing simply
because of the failure of one or two big
issues. As soon as II became obvious
that by refusing to subscribe the same
securities could be obtained In the open
market at discount. new offerings began
To fail with the greatest regularity. In
fact. IL became unpopular to subscribe
to new issues at all. or course II was
natural that such a thing should be
oNerdone and that II should be reported
now that some of the new issues which
were notable failures when brought out
are being taken away from the under
writers at small premium over the issue
price.
The sun., 1913-12-03
GOSSIP OF WALL STREET,
So1ee for Casl,.

Cash sales OF stock. that is those In
volving an immediate exchange Of the
stock for tho money instead Of waiting
until the following day for delivery, are
or rather infreQuent occurrence on the
Stock Exchange. An unusual number Of
such transactions appearing on the tape
yesterday aroused no little curiosity. A
cash sale Of stock selling ex-dividend,
as Southern Pacific did, Is not difficult
to understand. II IL made to include the
dividend just taken or tho price but not
yet paid. But when the same method Of
disposing Of 800 shares Of Amalgamated
100 shares OF Erie and 200 shares OF
Reading IL resortcd to. an explanation is
not so easy. There are various emergen-
cles when sales are made for cash. Usu-
ally 1t IL done with the design OF estab-
fishing separate record Of the trans
action. Executors Of estates sometimes
employ that method. The closing out Of
q bank loan for failed frm Is often
done In the same way. II is even con
ceivable that such sales might be made
by Speculators for the decline simply to
create apprehension of trouble. All these
possible explanations were considered in
turn. Finally II was reported from the
floor that the selling was for the account
OF Brooklyn man who had sold about
$4,000 worth OF stocks in a hurry pre-
paratory to sailing for Europe BY to-day's
steamer
The sun., 1913-12-03
COTTON LIST DROPS
AFTER EARLY SFURT
Ginning Estimates Of Over H.
N00.OOO Bales tho Leading
News Features.
TRADING PROFESSIONAL
FADING PROFESSIONAL
List Advances in Forenoon
Helped by Favor
able Cables.

further rise of nearly 10 points oc-
.r-ed in the active cotton positions soon
.jc' the opening yesterday, but. as was
.Y, rase on Monday, Il considerable part
- the al, auce was lost in the later deal
KS under profit taking sales. II was
'.,rgolv professional market and the
,lilv strength was derived from the buy
pc OF ring traders. who have developed
lilush tendencies following the issuance
.' TWO or thrcc low crop estimates. The
wIrucr Bureau of Memphis estimated the
G.uung to December at l2.Oi6, 900 bales,
nd the National Ginners Association was
,s.dtod with an estimate of 12.o15,000
i.'lcs. Eoth OF these were regarded as
ncar.sh az first blush. but the statement
accompanying the former to the effect
iHat tho active November operations left
- very small proportion OF the crop un-
liuued seemed to revive bullish crop talk
't MAS the contention of some of the
hears. however that II next Monday =
census bureau ginning returns run above
100000 bales an ultimate yield in the
Ieighhorhood OF l4,500.000 bales can he
,Nurctcd
The market opened steady AT advances
.nf to 10 points in the active list. which
rices OF both spot and futures at Liver
i,ool showed improvement as a resul. OF
'alllng by Manchester spinners. There
Was renewed buying by the bulls and
snort covering here. which was effective
N carrying December up to 1927, jan
aarN 1913 and March To -. but when
these Levels were reached there was a
marked increase in offerings. and this
aUsed moderate recession. The market
showed its poorest form IN the last hour.
when selling was prompted hv "A WASH
.ngton report saying that a member Of
congress had reintroduced bin to pro.
h.bt dealings in cotton futures and TO
'eHulre delivery in only certain standard =
ted grades Final PRICES We're about the
.pwest Tor the session. with the active
POSITIONS ruling 10 Il points net higher.
IHere y still much apprehension over
the troubled labor outlook at Fan River.
which doubtless will not be allayed until
the result Of the operatives vote Is known
This is expected to occur to-day Ad-
Nccsfrom several spot centres in Georgia.
south Carolina and Texas reported poor
demand. which In some instances was
causing pressure from interior holdcra
Turner's estimates OF cotton ginned TO
december ] by states follows
North Carolina, 53o. 600: South Carolina.
11,'.too: Georgia, 2.062 .OOo: Alabama.
l.3.J.ooo Mississippi $4,000: Florida.
10000; Tennessee. sol 900 Arkansas.
$4,000: Louisiana. 3@5.000. Oklahoma,
,6".on8; Texas. 3.535. 900 others, $1,000.
spot cotton was unchanged; mddling
uplands. 1890 middl!ng Gulf. 1915. Spot
cotton in the principal markets was: Cal
weston. I3a New Orleans. 1S LIS Hous-
ton. 1915 Memphis. 1877, savannah. 49,,
Norfolk. 1875 Augusta. 13% St Louis,
l., ,,,.. t,..a ,.t.
The sun., 1913-12-03
THE STEEL MARKET.
some Buying Of sheets, bnt business
IL UnsatIsfactOry.

There has recently been some light buy
ing of sheet steel. but this has been only
to cover immediate requirements. Few
manufacturers expect any improvement
OF a permanent nature for some time to
come shipments are falling away steadily
and the margin OF profit is diminishing
with each price concession.
One authority in the industry estimates
that earnings Of the Steel Corporation for
the current quarter Will fail to reach
$50 900. 900. Previous estimates had ap-
proximated $33. 100000. There has been a
larger decrease in tonnage than was ex-
pected. Net earnings for October are be-
ieved to have apprOximated $4,000, 900.
To reach $30.000.000 earnings for No
vember and December would have to
average $9.O0O,000 for each month Earn
ings Of $40 1000, 900 for the quarter would
mean a drop OF about ss,50O,OOO from the
third quarter. November earnings will
be less than In October and earnings for
December will be smaller than in No
Vember.
The National Tube Company has re-
duced two inch steel line pipe one cent
foot under date OF December I. The re-
duction amounts to about 10 per cent. or
about IS per ton, and applies to a com
modify representing negligible amount
of the total tonnage Of tubular goods
The Daily Iron Trade says: '"rhe Pitts
burg sheet market has reflected activity
all the week and manufacturers say that
conditions are the most satisfactory In
months Eastern plate and shape makers
have sold at 81 20, but $l.25 10 the general
market minimum. Little pig iron inquiry
10 out either In the East or the West and
the valley average selling price for No
vember on basic and Bessemer was con-
siderably under the October average The
Eastern structural market reflects q good
aggregate Of many small structural ton
naKes"
The sun., 1913-12-03
Erieo.

strength in the Erie stocks aroused
about as much market interest as any
thing. Probably simply because this de-
velopment coincded with pronounced frm-
ness in Canadian Pacific the old rumor
was dragged out that the control of the
Erie would pass to the Canadian COM
pany There is nothing to be surprised at
In a simultaneous rise in these two stocks
and nothing requiring any special ex-
PLANTATION. Both are great favorites
abroad and an improvement in the situa-
tion there ought to be reflected In one as
in the other E.res for generations past
have had an extensive speculative follow
ing IN London and lately option dealers
there are said to have been taking on
quantities OF the stock. On this side there
has been lot OF talk about the progress
made by the Erie in the past year and
those who are acquainted with the COM
parative figures say that the road has
made the best showing In the past three
years time OF any line in the Eastern
division
The sun., 1913-12-03
Live stock Market.
TUESDAY. December ..


Receipts Of beeves were 1924 head. includ-
Ing ears for Wednesdays market No
trading reported to-day. The feeling was
rated steady. with light arrivals reported
for to-morrOw's trade. Dressed beef was
duh at last quotations. or at l2m1<c. for
ordinary to choice native sides. Exports to-
morrow. lI0 sheep and 40 lambs, all to
Bermuda.
Receipts Of calves were 363 head. includ-
Ing 27s for the market Trade was limited
but prices steady. quality considered. Me
dium to fair veals sold at $ll.s7ls VSl2 per
100 lbs: Indiana calves AT t5g$s Dressed
calves were strong at $50 Ice per ID. for
city dressed veals and few selling at
Receipts OF sheep and lambs were 2.G6s
head. Including az cars for the market
sheep were Arm; lambs steady. Colrmon TO
choice sheep tewesl sold at s3.st< s. per
100 lbs calls at s2,75; medium 10 prime
lambs at S7.s093s.j, culls Al s6.5O@ 81.
Dressed mutton steady at sMllc. per lb, .
dressed lambs at ia ltc.: hog dressed sell
ing as high as Itc.: country dressed hot q.
house lambs unchanged AT s5US per car
cass.
Receipts OF hogs We're 332s head. all FOR
slaughterers. No sales oR live weight.
Feeling easier. Country dressed hogs steady
ct Sm1ahe. per lb.: roasting pigs at NV
The sun., 1913-12-03
FINANCIAL NOTES.

Kis.ei. Kinnecutt 4 CO.. are offering to in
vestors at 90 and interest $3.50 oco City OF Az,
gusta. Ga. +s per cent Hood protection
coupon bonds .,,.
Tho Dome Lake Mining and Millinr Com
many has voted TO sell 20b .0O0 shares Of stock
In the treasury At l7,a cents q share to Thomas
Reid representing interests connected with the
Temisk aiming and Hudson Bay Mining Com
TEc western Electric Company has declared
tho regular quarterly dividend OF S2 . share
and usual extra dividend Of :. share paid
~ this time. - .
gage bonds OF tho Equitable III uni mating Gas
Iisht Company OF PhlsdelphS have been
drawn for redemption and will be paid ~ 100
and Interest to January I nj the New York
Trust Company on and after January 2.
The standard Safe Deposit Company has de.
clared the regular semi annual dividend Of
prr cent. and an extra dividend OF I Der cent.
payable December 81 20 holders OF record De-
The standard Silver, Lead Mining Company
of British Coiumbia, has declared its reg ular
monthly diyidsnd Of s,t per cont, aud On extra
dividend sf ~ per csns.
The sun., 1913-12-03
THE BOSTON MARKET.

BosToS. Dec. 2.--Dealings in the local
market were fairly large. with a generally
firm tone. In the early trading prices
were strong, receding in the afternoon
and closing fractionally higher. The cop
pers average showed an advance Of 4.
Alaska Gold and Butte Ballak were active.
the former advancing Y, the latter on
the settlement, with Anaconda advancing
7-16
Butte and Superior advanced y. while
Mohawk and Osceola each gained two on
light sales
Boston and Maine was the feature of
the rails. declining to a new low Mt 47is.
of ia. New Haven was hr1m at 7s7s,
UP I. closing at IS. American Telephone
weakened at the close at 119, OF y.
Massachusetts Electric preferred declined
to 81. of 9. The summary:
The sun., 1913-12-03
NEW TROLLEY LINE WANTED.
Com missioner Cram RECON- me nd q
One From l.. ]. City TO Corona.

Real estate owners whose holdings
amount to more than $1,000 900 along the
northern tier Of Queens from Long Island
City to Corona. and the residents OF East
Elmhurst one OF the colonies on Flushing
Bay in Queens. yesterday won victory
that will not only add to their comfort but
which will greatly Increase the value OF
their holdings. when Public Service Conn
missioner J. Sergeant Cram announced that
he would recommend to the entire Public
Service Commission that an order be is
sued directing the New York and Queens
County Railway to avail itself of fran
chise which 1t now holds and construct a
line on the Astoria and Flushing road
from Long Island Chy to Jackson ave-
nue.. at Corona. The application OF the
owners and the residents was vigorously
fought by the railway company. who
claimed that the expense would not be
warranted by the additional traffic 1t
would receive. The company claimed that
the district - already served by the line
on Jackson avenue from Flushing to Long
Island City.
1t was shown, however. that residents
| of East Elmhurst have to walk over half
| a mile to reach this line Representatives
of the big corporations holding land stated
that If this line were built they would next
spring begin improvements that would add
hundreds OF thousands OF dollars to the
valuations IN Queens. The line will also
give IN" leSlueits or f.usnIie ana tue
| north side q direct line to North Beach
and Will form "A fine connection with the
new elevated line now being erected ON
Second avenue in Long Island City.
After the testimony was all in Comm -
sIouer Cram said lie was convinced OF the
necessity for the line and that he would
recommend its immediate construction.
The new branch will start at Ehret ave-
nue and the Flushing road and extend 10
Jackson avenue at coombes Hill. a dis
tanCe OF four miles.
The sun., 1913-12-03
CURB STOCKS. CLOSING PRICES
THE PHILADELPHIA MARKET.

PHILApELPHIA. Dec. c.--The market did
not respond TO the advance in New York.
Trading continued restricted and there
appeared to he a disposition on the part
Of traders to let things drift. There was
some commission house buying OF Phila-
dsphia Electric. Cambria Steel and United
Gas Improvement. but the demand WAS
quickly supplied. Philadelphia Electric
after selling OF a fraction advanced to
around last nights close.
There was some odd lot buying OF
Tonopah and Tonopah Belmont. the
former advancing briskly, Arbitra se
trading was for most part done in United
states Steel common. The summary:
The sun., 1913-12-03
HITS RAILROAD MANAGEMENT.
EnGineer Blames N. o., r. 4 NJ.
Losses to Bad Methods.

AVDwC0 ~ Dou 4MCshOssSs
Y. Van Den Berg. the engineer who
was engaged by the bondholders pro.
tective committee Of the New Orleans
Texas and Mexico Railroad. q former sub
sidiary Of the st. Louis and San Fran
cisco. has submitted his report to ths
committee. He states that the poor re-
suits shown by the constituent compa
MES Of the road were due to mismanase
mcnt, or lack Of management, and cite'
~ the strongest example OF lack Of man.
agement the at. Louis, Brownsville and
Mexico.
Tho money put into that property was
''ill expended" he says, and the costs oi
transportation were excessive.
Mr.. Van Den Berg adds that the fact
that the road had to hire equipment
through lack Of suitable equipment Of lis
own imposed a burden on It which i'm
paired profitable operation, and that the
equipment was not used to the hest ad
vantage. He finds the same fault In th'
management Of the beaumont, Sour Lake
and Western. the New orleans. Texas ant
Mexico and the Orange and Northwestern
railways
The engineer says that under proper
| management gross earnings OF $4,000 pei
mile could be shown for the New Orleans
Texas and Mexico system.
The sun., 1913-12-03
Approves Reduction Of Reserves.

Walter f. Frew. president of the
Corn Exchange Bank. commenting on the
report that the Van Tuyl commission
may recommend the reduction OF the
reserves kept by State banks from 25 per
cent to is per cent said yesterday that
the step would be an excellent one for
the banks az II would enable them to put
out moro money on loans. He estimated
that the Corn Exchange Bank would be
able to release about $4,000,000.
The sun., 1913-12-03
THE GRAIN MARKETS.
wheat Closes slightly Higher,
Proat Taking stops Gains.

Wheat closed u to nc. higher yester-
day after earlier advances of u TO NC
Prices We're steady at the opening on the
'sbles, which indicated unfavorabls
weather In India and firm Russian and
Australian offers. There was also a de-
rrease OF nearly 100000 bushels In the
worlds visible supply. as shown by Brad
sireets statement. Weather reports from
Europe were generally favorable and
rrices weakened under profit taking In the
later trading. Wheat receipts were
lighter than last year and shipments were
larger than receipts. There were sales
VI No. . hard for export.
Corn closed unchanged to &c. higher.
with the price range generally narrow for
'as day. Tho opening was steady. with
.N1qings light and commission houses
S41ng. Interior receipts. however, were
sNayly heavy. with shipments about one
All their size. The decrease in the
american visible amounted to but 100000
bushels, Early weather reports were un-
favorable. but prices were easy at the
6nish with longs taking profits.
1as0 finished unchanged to Nc. higher.
-~=~ ~ greatest strength In December.
SaBUDes were of good volume. with ship
snsnts about ope-haH the size Of receipts.
FAsre was u decrease OF $4,000 bushels
go ne visible supply Of American oats.
cash demand was better.
The Australian wheat yield. II 10 ex-
I"cted. will be about 100000 600 bushels.
Foreign demand ID pronounced and hold
es are firm. Weather conditions through
"t Europe are reported as generally
favorable. A cable from Rosario to Dick
RIOS read: Black rust IL very general
., central district. but weather Is good
''r harvesting"
hr1dStrects statement or visible sup
u'ss gave wheat in the United States east
o' the Rockies M 6lS. 900 bushels less for
tho week the decrease In wheat west or
10 Rockies as 100000 bushels the de-
ease In wheat In Canada. 10000 bush
's, the aii American decrease. lN4.OOO
h1sh"ls; decrease In Europe and ahoat,
100000 bushels, and tho decrease In
~orlhs wheat, 8,s7<.O0o bushels. Amsri-
an corn east Of tho RockIss dscrseesd
The sun., 1913-12-03
WILL VOTE ON COTTON RULES.
Exchange Members to Act On Pro-
posed Changes Tomorrow.

Members of the Cotton Exchange are
to vote tomorrow upon the changes in
the rules of the exchange recently pro-
posed by a committee.
The members in deciding yesterday that
these changes should he submittef to the
exchange to morrow for its decision by
ballot indicated that they favored By a
large majority the recommendations Of
the committoA
The sun., 1913-12-03
THE CHICAGO MARKET.

CHICAGO, Dec. 2-The increased activity
in the market to-day was accompanied
with substantial advances. The improve
ment in New York was the sustaining
factor Sears-Roebuck. Booth Fisheries
preferred and Chicago Railways seconds
were prominent in the upturn, Condition
OF the bond list was unchanged. The
summary
The sun., 1913-12-03

Sucar-The market was unchanged yes.
terday. the Federal quoting 4.c5c.. and
other renners naming 4.30c. The spot
basis for raws remains at 36lc. No
sales were reported. as against 10000
bags Ut 3.4sc. on the previous day to the
American.
The sun., 1913-12-03

SiItH We're 11.WUU NdSs.
Provisions closed dull aid heavy Cash
pork was firm; mess. $23 q s2350 family.
s25Ts21 Cash beef was steady packet.
slSnSls. family. $1Sns2o. Cash lard
was firm; prime Western. $3.50: re
fined Continent. sll.6j. South American.
S1230
The sun., 1913-12-03
Detroit 4 NaCktnAc HALLWAY "a.

~ Wall street y Y city, November 7, 1918
dividend of Two and one half Fer C~n'
i2E 'ci on tho Preferred stock ana a div
dend Of TWO and One-hslf Per Cent. t2L,
on tho Common stock Of this Company haA
this daV been declared, payable Janua,
End, 1914, to sto, khoders OF record ut IT,
close OF business on December ~, 1919. III
stock transfer books Of the COMPANY wi
close December To- 1913 and reopen Januar
3. 1914,
q u COIERRO6R. rreasurer
The sun., 1913-12-03
THE BOONylLLE RA AlLROAD
BR 1D(;E PANY
First hortssss !ss sinkins Fund Gold Bond

dated NoyembeI d 1901.
NOTICE Is HEREBY GIVEN that Eleven nD
of the above described bonds were this day
drawn for redemption In accorda nee with tho
nts Of Article II. Of the Trust Mortgage
numbered IS follows:
81 ita. 2ie. 2is. 2Ss 500 s2 $751; sos. ssi nd SIS
mated ceases January ist. 1914. in accordance
with the terms Of the mortgage.
CENTRAL TRUST COMPANY OF NEW YORK.
Trustee.
BY z. r. HYDE. Vice President.
In accordance with the fore going. said men.
toned bonds will be paid on and after the lst
day OF January, 1914. at par and accrued intercs,
at the once Of the Central Trust COMPANY Of
New York. Li Wall Street. New York.
New York. November /, 1918.
The sun., 1913-12-03

ROSE HOFFMAN. Schedules In bankruptcy Of
Rose Hoffman. cloak msnufacturer OF
West seyentet nth street; show liabilities o.
THE SOiOMAN Shapiro MANUFACTURING
COMPANY - Schedules In bankruptcy OF ths
Solnman shapiro Manufacturing COMPANY
dresses of 40 Sixth avenue, show Liabilities
OF SO 800. and assets OF C.ie7,
AMERICAS MOVING PICTURE MACHlN u
CA peiition IN bankruptcy has been
Med againsi the American Moving Pic
ture Machine company Of iol Beekms n
street Judge Holt appointed A, Gordon
Murray receiver, bond s35.o0O. Asssi $
are said 10 he 10000 The company wss
Incorporated on November 10. lS0s, Vlth
.anll.l stock tao9soSs. .s'th "" In
The sun., 1913-12-03
DIVIDENDS AND INTEREST.
The B. F. Goodrich Compan;

Akron, o.. Dec /. 1918.
Al meeting Of the Board of Director :.
dividend of One and Three-a,iarter.
tai Stock of this Company was declared
payable January 1, 1914. TO stockholders
of record az the close of business Decem
Der - 1913.
W. 4. MEANS.
Treasurer.