davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
FRISCO S OCKHOLDERS
SEEK RADICAL CHANGE
sabin Protective Committee
Suggests New Board TO
Command Confidence"
ANNUAL MEETING NOV. 10
Appeal Ma de for Pledges OF
Stock-Rehabilitation Said
To Be Possible at
Early Date.

The protective committee of the St.
louis & san Francisco Railroad Com
many. of whidh Charles Fl. Sabin. vice
president of the Guaranty Trust Com
panv. is chairman. Yesterday sent a let
ter TO the stockholders declaring that in
the committees opinion no reorganization
plan "can be made acceptable to the
large body of security holders or can be
effectively carried out unless Coincident-
ally the board of directors shall be
changed and so constituted as to com
mand the confidence of the stockholders
and bondholders and of the investing
public generally"
The 'Friscos annual meeting will be
held in St ouis November TO- In view
of the fact that the property is still in
the hands of receivers. the committee has
made no effort TO secure proxies. The
roads board of directors as now consti-
tuted consists of the following
B. F. Yoakum, John w. Dixon, 7. d.
Heed, c. w. Hillard. James n. Wallace
and Hans Winterfeldt of New York;
James Campbell. w. K. Bixby, A. S.
Greig, Thomas II. West, of St. Louis;
Benjamin p. Cheney and z. V. r. Thayer
of Boston.
The Sabin committees letter further
says
THE early rehabilitation or reorganiza-
ton of the property would not seem to
be impossible 1t will, however, require
a considerable amount of new money.
The purpose of this committee is. either
to devise some plan or TO assist in the
carrying out of some plan for the re-
Mobilization or reorganization of the prop
erty which will conserve the rights and
interests of the stockholders.
Thus far all we have asked of the
stockholders is that they should pledge
their stock under an agreement which
does not commit them to the payment
Of any money or debar them from the
sale of their stock A large proportion
of the stockholders have complied with
our suggestion and have pledged to us
the stock that they own or control We
urge those who have not done so and
desire to cooperate with us TO forward
us their pledges Immediately.
The receivers appointed by Judge San
born are operating the road and manag-
ing the property satisfactorily, and the
results obtained by them show a decided
Improvement Under their administra-
ton il has been practicable TO provide
for the interest due November l on the
general lien per cent bonds outstanding.
The court has authorized this payment
and the issuance from time TO time of
a total of 100000 receivers certificates
to meet prior claims and provide for
necessary improvements. subject TO the
approval of the -eourt-ss to application
of proceeds"
Speyer & Co. announced yesterday that
a large amount OF the St. Louis & San
Francisco Railroad general lien SIS have
been deposited with the Bankers Trust
Company and that the deposits have been
made by both French and American hold
ers The deposit of the bonds under the
agreement must be made on or before
November 20
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
THE COTTON MARKET
Weak and Unsettled, with a
Slump in October Contracts.
WEATHER FOR COTTON STATES.

For Eastern Texas, increasing cloudness to-
day: tomorrow, unsettled. probably local
rains; moderate east winds.
For Western Texas cloudy to-day. prob
abb followed BY local rains at night or on
Saturday.
For Georgia, fair to-day and tomorrow;
For Floriia, fair in north. unsettled; proc
ably rain IN south and central portion to-day
ard tomorrow; moderate to brisk northeast
winds.
For Alabama and Mississippi. fair oday
and probably tomorrow; light to moderate
north winds.
For louisiana. fair to-day; tomorrow, in
creasing cloudiness moderate northeast and
east winds.
There was a decided slump in October
contracts in the cotton market yesterday
the option going to 50 50 a bale under the
high of last Monday. Other months also
broke severely and although there was
some recovery just before the close 1t
was lost, and final figures were at net
II to 80 points under those Of Wednesday
practically the low OF the day. Large
Wall Street and spot interests are cred
tied with having worked to get January
March and May back to IS cents, In order
to recover the large lines liquidated on
last weeks buges. and there was no sup
port to the market from bull interests
The official report showed that the con-
tract stock of cotton here has increased
10 over 1900 bales, with a warehouse
stock Of over 20,OOJ bales. but the circula-
ton of some October notices uncovered
some weak long interests. and this added
to the general softness. Foreign houses
were said 10 be taking up the October
notices for shipment abroad, but there
appeared to be little demand for actual
cotton, owing. II was asserted, TO uncer-
tanty regarding the November revision
Many traders seem to feel that the mar
ket is now under the influence OF an eX-
pected temporary increase in spot offer
ings, rather than to the ultimate supply
and demand outlook, but there was con-
siderable bearish sentiment, and not a.
few assertions that the crop had been
seriously underestimate Southern spot
markets were unchanged TO &c lower,
generally l-l6dhc lower, and the local
market dropped 20 points to l4c for mid
ding upland; no sales delivered on con-
tract, 1890 bales. Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
JUDGMENTS RECORDED.

Judgments filed Yesterday for amounts e1-
ceedng 500 were a. follows. the hrst name
being that OF the judgment debtor:
Bcnflio, Peiiegrino--Fest Realty Co,
Begrs. Constance Nm. =. G. Morrison,
nIumaucr. Nose Canadian Pacific Railway
CO. s4si %
Barry james,. Pasteur $22i 60
Rakst SamuclA. 5. Swan, SiS3 II.
Bonner. Fred T. Donovan. Sill -.
Bonzccry. Benjamn-M. Falk. ct al, SlGi H.
Buchler. Louis and Annie-Chelsea Exchange
Berger pst'r' l.. Paul-McDermou Dairy 60.
Burden, Samuel Gibson DlstnIlng CO..
carcrs, William ". jr-J. Isaac. 500 81.
diamond, Philip-M Goldstein. Sl2I II.
Davidson, Herbert E.-Federal Trust Co.
Davies Ernest P.-Anglo-American Auto Tire
sa TU Jew York Transfer Co. s125 50
III Alteinonte, A. Benedetti-New Edicott co.
pe tier lin Sarah Sc. W Dodge. s37, O3.
FinnelI. John &c. II. Ayres. 81, 323 50.
same-H. T. wills. s1.42G GS.
G Cagy, Tune d C n Buttlc. sis5 90
Giovannoni, Egisto-C. G. Rabinowtch ct al
Gross Joseph B-G II. Rosenblatt sG95 a.
Gin,o. Michael-chuTch T. Gates q Co.,
Grcenberg. Jacob Manhattan Commercial
Gnntzer 70 Anthony C.-Thomas b Jenery Co.
$40 90.
Hs si, clara-Fairvicw Construction Co. costs
$40 80 $1,000
iayward Sarah C.--Cowens, Inc, si0j 60.
Henderson. Frank NC. b. Maxwell. ct al,
Jacobs. Robert-c. Hansen, s2.0Go So
Taffee DAVID. HOowitz S1Gl Of
Ioh, son Pcrnard-C Crawford $3.50 Is
jacobson Samuel Equitable Trust Co. OF New
Ka rT'"' Ioais-Lehish Valley Picklins Co.
Kisbima. Chicroro-C. NJ. Boutrcss ct al.
Josi,n. FLOYD NJ. Frank +. and Annie Nj
oswald Acetylene CO.. 5000 -
Konigstein, S!gmund-J. NJ. Mills; Sol 6s.
tiirby. Frederick R-Swinohart Tire and Rub
her Co of New York. 1876 II.
Lehman. EdgarE. Wagner, 49, %.
livingston. Emanuel J--R. l. Goldsmith.
1919 90
Mcdonnell. Patrick b. W stofts as presi-
dent: Sl6s Sc.
MeIien. Quo. Crawford. s4O3 -.
Muliisan. EDWARD 7. Monarch Mining Co.
Nshonv, Mary C.-Richmond Radiator Co..
usrcoyiiz. Renjamin-Inter Electric Novelty
uccusltcr' Nary-Gibson Dstlling CO.. s2o5 81.
Maxwell. Michael and Mary E.--E Eisins *
Nc ~ Svoy S'i Ffred-Eage White Lead Co. slel a..
Matthews. Robert H.. and Emeh Realty Co
W H. Dewey. ss54 OF 60, o
Mcdaniel Thomas ell, HiS0 % Nerra'' "
Martin. Joseph, and Lie Goldberg-People.
ain Frcda. and Southern Surety lnsur-
ance Company-Same, $1,000.
Never, Irving J.-Garnet Han Really COM
pany. Si22 ST. -. -,
MacGrcgor. Arthur-W. |. Cohn' ell al
5000 81. .o-- ..
New Josepn--G. j. r. Tieck. $40" %
Mepcrmott Patrick B.-J. w. stoitI' pres-
ident siG6 81. -,
Newberscr, Jacob--K. p. Mathos Company
500 o..
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
MINING.
THE METAL MARKETS.

coPPER-The market for standard cop,
nor on the Metal Exchange was ,dull anu
pcmtnaI with asked prices for Novembei,
mn.nrnber and January, 1920. In London
The market was weak early. but closed quiet
AT f7s los for spot and f72 rs % Tor tut
- a The local street market for copper
y ,,,,et with lake quoted i7@1IAc; cleo
troivtic, iG7sc, and casting, 1914 gl0Ae.
TIN-Easy New York spot and october'
"a so n 4Oc. November. 30.s5 a 4Oc; December.
90 "0 ~ io iDc. January 30.05a i0.25c, and
TobTuary. 400 .30c. In London tin wa,
oui.t. and closed at flS2 los for spot ana
TEAD-Steady: New York spot. f.3O 20
4 .0c and East 81 Louis, ALA " AZ 1ae.
London lead closed at $40 l2s Cd.
SPELTER-Quet; New YORK SPOT o;Sorp
!. 55c. and East st Louis, 5.l5d 5.3Oc. Lon
don spelter closed at 600 IFS I'D.
IRON-Middlesboro. No ,. 5ls I'D In Lon
don. The local iron market was steady
and UNCHANGED, with No l Northern quoted
SIGa SIG 80; No ., s15 50mS16; No ! South
ern and soft, SIS 2j9sl5a5.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31

An English syndicate. headed by An
drew Weir. of Andrew Weir & Co., Lon
don. will enter the American oil business
in competition with the Standard Oil
Company and the Royal Dutch-Shell
combine, according to cable adYices re-
ceived by New York interests from Eu-
gene de Saba, president of the General
Petroleum Company. of California, yes
terday. Mr. de Saba sent word from
London that he had closed deal for the
sale of that company to Weir & c., who
are large shipping merchants.
The English syndicate has formed a
holding company, which will take over
the properties of the General Petroleum
Company and will exercise that COM
pany's option on the stock OF the Union
Oil Company, which also operates in Call
fornia. The Weir interests will advance
sufficient funds to take up about sl,cO,Oo)
floating debt of the General Petroleum
Company, and will also advance money
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
UNITED CIGAR STORES OFF
Common Sells Down on Rumor Rikey
Deal Has Failed.

Following a heavy decline in the COM
mon stock Of the United Cigar Stores
Company yesterday on the Curb, re-
port was circulated that the proposed
deal between the company and the Riker
& Hegeman Company was Off {. a
Whelan. president of the United COM
pany. issued the following denial:
There is absolutely no change in the
situation, and reports circulated are
without any foundation whatsoever.
\ meeting of the directors OF the
Riker q Hcgeman Company was held
Yesterday, but no announcement was
made regarding negotiations with the
United Cigar Stores Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
BANK OF FRANCE RETURN.

Paris, oct So.-The weekly report OF the
Bank Of France shows the following
changes: Gold On hand increased 6,559'oo
francs: silver on hand decreased 22i'eD
francs: notes in circulation Increased 49,
200. 900 francs; treasury deposits Increased
3 7co 600 francs: general deposits increased
10 OK 600 francs; bills discounted increased
200. 900 francs; advances decrease'
go 600 francs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
CONSOLIDATED EXCHANGE.

When the market on the Consolidated
Stock Exchange broke sharply IN the
late afternoon rumOrs of a disturbing
character again circulated regarding the
Mexican situation. There was talk on
the floor that Intervention was near. The
market had been heavy earlier with the
exception of a brief forenoon rally;
When prices started sharply downward
business expanded decidedly. United
states Steel was particularly active, its
sales totaling 1900 shares. or about one,
third of the days aggregate for al
stocks OF 3S.ll0 shares. Reading. when
camc second as TO activity, touched a
low OF 1905. compared with a New York
stock Exchange low of 1902 Earlier In
the day it had sold as high as lo2 =.
against 1862 on the other board. Steel
high was 5S$s, moderate amount chang-
ON the other exchange os 5Sl4.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
RANK OF ENGLAND RETURN.

London. oct 3O.-The weekly statement
of the Bank Of England shows the follow
ing changes: Total reserve increased
s5la oo. circulation increased E5i,W0; bull
lion increased fJ66co; other securities
increased G3.69o,OO0; other deposits de-
creased f26l 900; public deposits Increased
50. 1872 900: government securities decreased
81. 10000.
The proportion Of the banks reserve TO
liabilities is now $40 per cent against
$3.50 per cent last week, and compares
with a decline from 1914 to iI4 per cent
I'm this week last year.
The clearings through the London
banks for the week were f2Ss.2O,oOo'
against sos, 10000 last week and $780,
Ssj, 900 in this week last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
ISTOCKS IN OTHER CITIES.
CHICAGO STOCKS.

Chicago, oct. 30-After a strong open
ing. local securities turned weak follow
ing the break in New York ard closed
for the most part lower. The advance OF
couple points each in the price of Ma
tional Carbon common and Diamond
Match comprised the hard spots in the
market.
Quaker oats common, Hart Schaffner &
Marx preferred. Commonwealth Edison
Booth Fisheries preferred and Swfts
were unchanged. The net declines were
IN Sears Roebuck common, Union Car
bide. Peoples Gas. Chicago Railways
Series .. American Can common and the
Steel issues. Chicago Railways 5s sold
down a point.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
CRITICISES CLOVER LEAF
Stakeholder Fears Roads Alton
Investment Is Too Costly.

c. Pilz, stockholder in the Toledo. ST
Louis & Western Railroad, has sent
circular TO the shareholders criticising the
Glover Leafs investment in the Chicago
& Alton and severely arraigning the
Glover Leafs directors. His argument is
that the companys investment in the
Alton which he asserts is costing Slo'olo
annually. and for which Glover Leaf re-
ceives nothing. is the main reason for the
cessation of dividends
Mr.. Pilz says that it will be years ne
fore the Alton is in a position to resume
dividends and enable Glover Leaf to get
some return on its investment. HIS pur-
pose, he states, is to compel the Glover
Leaf directors. by legal action II neces-
sary, TO assume at least the payment OF
interest on the bonds that were issued TO
acquire the stock of the Alton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
PLAN S2O,O0O,OOO ROAD
Hartman System Would Parallel
Northern Pacific and st. Paul.

Seattle. oct. 3O.-Plans for 2J'0Oo'oN
railway project, the West Coast Railroad
were filed i'm the name Of j. ID. Farrell
president of the Oregon Washington Rail-
road and Navigation Company, Harri-
man line, in the United States Land once
at Olympia to-day. The line proposed
would parallel the Northern Pacihc and
the Chicago. Milwaukee q st. Paul roads
across the Cascade Mountains, and would
have ocean terminals in Tacoma and Sc
attic.
The proposed line is said to be an extern
sion OF the North Coast Railroad, Har-
riman property, from North Yakima TO
Seattle and Tacoma. The route filed to-
day calls for crossing Of the Cascades
through Natchez Pass, just south OF the
Northern Pacific's Stampede tunnel.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
,NTERsoRoUeH BONDS SOLD.

II was announced yesterday that more
than 100000 of the $sOOCO,oOo INTERIOR
ough Rapid Transit Company first and
refunding mortgage per cent bonds
which were taken by bankers three weeks
ago have been sold. The bonds were Of
fered at 9sh. The unsold balance
amounts to s., 10000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
ITEMS Of WALL STREET
London bought about 1000 shares IN
this market yesterday.
Dividends were declared as follows:

Dividends were declared as follows:
American Glue Company, semi annual OF 50.
payable November | TO stock Of record Octo-
her 20.
IA per cent on preferred and . pcr cent en-
common Preferred is payable November 10 10
stock OF record November q and the conImon
December 81 to stock Of record De ,cmher -
Eastman Kodak Company, extra Of per
cent on common and quarterly OF y per cent
on preferred, payable January to stock OF
record November -.
Greene ananea Copper COMPANY. per cent.
payable December / to stock OF record NO
venber L.
Lggstt & Myers Tobacco Company. quar-
terly OF per cent payable December u
stock OF record November 10
Detroit United Railways Company guar
I tsrly of Ia per cent, payable DecemIer 40
stock Of record November -.
Philadelphia Warehouse Compang. semi-an-
nual CT Per cent. payable November l. ~
no. c SpGnS on prefeTref psSabe November to
stock Of record October 2y.
Consolidated Gas COMPANY regular guar
tcrly Of IL per cent. payable Decemper 40 p"
stock OF record November 10.
The Chicago Great Western reports
gross earnings for September OF N,Soloif'
an increase OF sos, i2i over September last
year. while net earnings were siJIs71, an
increase Of only 1863 Operating income
for the month showed a loss of Sl.So
President Nudge OF the Rock lslahu'
before leaving for Chicago YESTERDAY
said that. while he does not expect as
large earnings in the current year as III
the 1913 fiscal year. he does not feel that
the falling off will be so great as lie
anticipated some weeks ago.
September gross earnings OF the oou'h-
ern Pacific amounted to sl21is,SO9. COM
pared with $2, 1885 for the same mopih
of the previous year. The months net
income was $i,425.S S7. a decrease OF sie'-
81.
TIE National Railways Of Mexico for
September showed gross earnings OF So'-
l5S,O15 (Mexican currency, loss OF S-'-
S6, 592. Net earnings were s3O2s9i, COM
pared with s2,25i,909 for September, isl-'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
CURB ECHOES.

During the week ended October is the
Tonopah Mining Company crushed 800
tons, averaging ST 25 a ton, with an av-
erage extraction of 80 per cent. Ship
ments of bullion aggregating thirty-siX
bars. with a value of $4,000. were shipped
from the mill 10 the smelter.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
BOND DOTS.

Charles II. Fowler, chairman OF the
finance committee ~ Gloucester city.
Camden County. - J.. will receive pro-
posals until S p M. on November for
81 c0o Z per cent thirty-year coupon or
registered funding bonds. denomination
81 so and dated October :. 1918.
According 10 reports. Northampton.
Hampdcn County. MISS. negotiated a
temporary loan Of $1,000 on october y,
issued In anticipation Of taxes. with X. J..
Day & Co. OF Boston. due April u. 1914
and discount so per cent
\. g. Leach - co. Of New YORK. were
awarded on October Y the 10000 ~ per
cent tycnty-three-year average coupon
or registered high school bonds OF hud
son. Columbia County. y. \.
II is reported that the cit 'oun'II or
Indianapolis is contemplating holding an
election i'm the near future 10 vote on tire
propositIon 10 Issue the $1,000 Fall Creek
retaining walt construction bonds.
The First National Bank OF Cleveland
was awarded on october IS the $500 .
nor cent twelve-and-a-h alf-year average
coupon sanitary drinking fountain ana
ventilating system bonds OF Palnesvlhe'
paInesyille School District Lake county
Ohio
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31

Liverpool cables: Spot quiet; sales, 500
bales: speculation and export, 800; Amerlcal.
5000. Imports, 1900; American. 400 Mo
ding upland 7TOd Futures opened quiet,
generally / point higher; closed quiet but
steady. points higher TO = point lower: Oc-
tober, 7.5ld October November. 3sd; Novem-
12id; January-FAhruary. 7 23d: February
March. 7.22i2d; March-April, I22d; April
May. T2liad. May-June, lid; June-July,
Der g 9Gd September-October 6.s6hd. Man
chester: Yarns dull but steady: cloths dull.
New Orleans oct. 30.-Bear pressure was
much i'm evidence i'm to-days cotton market
and prices worked materially lower under H.
closing steady % to 90 points lower. The short
side was greatly encouraged by larger crop
estimates than have been coming out or late
The opening at a rise Of 10 points, al
most the highest Of the day, but the market
soon fell off, and had a downward tendency
during the remainder Of the session.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
EXCHANGE SEAT FOR $4,000.

The New York Stock Exchange seat Of
InofnAs g. Cook was posted for transfer
yesterday TO Richard Wharton for 24l OO0
Decline OF $4,000 from the last previous
sais. Robert G. Beal has been elected n
member Of the Exchange.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31

Traders on the New York curb made a
mistake when they traded in United Cigar
Stores ex-dividend IL per cent yesterday
morning. as the stock does not sell ex
dividend until this morning. The error
was corrected, and the traders added IL
per cent to all their transactions made
before they discovered the mistake.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
NEVADA QUOTATIONS,
TONOP.AHS.

Furnished daily by Weir Bros & Co, No.
20 Broad street,
October 30, 1913.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-10-31
BRIEF NOTES OF FINANCE
Paragraphs of Current Interest
for the Investor.

sReports from various copper heads indl-
cate that during 1914 the production OF
conner probably will not exceed the hg-
ures of 1912 and 1913, respectively. II con-
6itions I'm Mexico do not adjust them
solves so that a renewal of mining actlN-
itv may be resumed in that country and
there should come an increase In the
dfuand for copper metal the price at
least would remain as high as at present
and probably 90 much higher. However,
So much depends on the prosperity OF the
world at large that it is not safe 10 lore
cast future prices based on future ue-
mands.
Bank Of England Statement.
The statement of the Bank OF EnSlah"
for this week. although showing the hlsn-
oct nroportion in many years for the last
veek of October, is below last week pro-
norton of reserve to liabilities. Inc ne
ures made public yesterday show pro
portion of 54i5 per cent, as compared WIN
the ten-year average OF 1910 per '''.'
which is an impressive showing resaiu
less of some changes in the statement "
a less favorable character than "e'N
600 Tho loan item OF the statement
elbows an increase of about slS.JoOo"' ana
there is an increase of slS,SOO,cc III puOi''
aooosits and a decrease of sS,OOWo III
Government securities These hsures' u
talor alone. do not create faNordpio
impression, but a gain OF S2'5p'V" III
serve and an increase of S2'Sp'VVO III gnu
holdings indicate that the bank Is III
.,ro,o nosition. considering that the re-
o,,irements of the period have been larse
and tho Improvement in the Bank oil Ter
r,anv,s position. as reflected in reduc-
,ior NJ that institutions discount rave
There need be no special concern oNe'
the money situation abroad
American Packers in Control.
Tho ENTERPRISE OF American business -
farreaching. and the heads OF iarse
stitutions are quick TO turn their at'e"t''"
10 other fields when one ulsu''' ""'
ceased TO be sufficiently remuner"'i''
Renorts from foreign countries show tha'
American hackers have invaded Australia
co,,,b Africa and South America III an
effort TO control the 'dt'i'
meat plant industry OF the world II 70
said that since 1905 Americans nave o''"
working TO absorb the Argentine p'ah'S'
and that in 1911 the American COMPANIES ',,
onerating in the Argentine shipped lS'',''o
o,,or,ors Of beef. while five Argentine
companies shipped only 1854 quaf','S'
Now il is said that one OF the lafs'
pcntine concerns has sold out 10 '',e
American combine, and they are cohS'-
ouentlv in practical control OF the meat
situation In that country. In Aus'' "''' "
London report says that American pan
ers have purchased two plants ana A'n''
leans are preparing to estaphSh '''e
ranches in Rhodcsia. South Africa one
American company having capita, 90, -,
s, 00 900 ready for investment '',,
these reports in view the prospect "a
cbeaper meat does not look encoufas'ils'
provided a monopoly obtains to an eN'''e
hat would shut out competition OF Deer
imported into the Inited States.