davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18

The next step toward a full resumption
of trading In securities that is being con-
sidered by the authorities. namely public
dealings in miscellaneous bonds on the
floor of the exchange with price llmi.a-
An open marlio; In bonds would be an
excellent thing. both from the point OF
view OF the broker and the investor It's
public character would stimulate activity
and broaden the market. At present tho
dealings In bonds are more or less com
centrated In houses which have always
done an over the counter business. The
ordinary firm is not In touch with the
street market and usually has to turn
its orders over to the specialists. From
the point OF view OF the customer. a.
and of the main trend OF the market
would be a great encouragement 1t is
realized that while the fixing of minimum
prices upon reopening of the bond
market would break the force OF fore On
liquidation. II would still he necessary to
keep a close watch upon the dealings.
A great quantity OF foreign owned Sc
curit!es Is "domic!led" In this country
and IT is not proposed 10 allow this to
swamp the market. Tie removal OF re-
strictions from the market in city and
municipal bonds was undertaken pretty
much Of an experiment In this direction
TO feel out the way. So far the expert
ment has been successful, although I'M
doubtedly time has not been allowed for
a full test.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
GOSSIP OF WALL STREET.
Tangible Evidence.

The average broker Ia not dscoura ged
by academic discussion tending to prove
that the reopenng of the Stock Exchange
and resumption of normal activities IL
still long way of. That may be true
or not. His optimism is based on tan
gible evidence that the situation has al
ready improved greatly. The public, as
represented by his customers, both local
and out Of town. is showing a new in
terest in securities. Offices, and espe-
cially those of firms with cotton and
grain connections. are pleasantly crowded
again. Old customers whose faces have
not been seen In months are present
Cash orders are coming in daily In in
creasing numbers The total volume OF
business done Is not tremendously large
1t would perhaps be better to say that
the public In nibbling at the stock mar
ket. But prices have advanced substan-
TALLY under this nibbling process. and
this Il proving a stimulus to greater
buying. As usual, the public Is showing
a disposition TO buy on rising prices. Any
such disposition was lacking when these
same prices were falling a little while
ago. II. therefore. the broker is excess
sively optimistic over the first signs Of
robust life he Is hardly to be blamed
1t Is the first ray OF sunshine In many
long weeks.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
Live stock Market.

TUESDAY. November ~.
Eeceipts ~ h""ves were ESQ head, nearly
all for slaughter. There was no trading In
live cattle. rhe feeling was rated steady
Dressed beer was In moderate demand at
steady prices
Receipts of calves were ~ head. includ-
int IJi for tho market Demand fair aud
f-oiiu. generally rated steady for all de
siranle grades Inferior to prime Neals sold
At S9HSl3,a0 per 100 lbs. grassers at $3.50
a $3.50. dressed calves were steady at ls
a zoe. for city dressed ,rals, l2T for
country dressed skinned, 9WlOc. for
skinned grussrrs,
Receipts ~ sheep and lambs were I2t3
head, including II ears for the market, with
several cars reported back 10 arrive later
sheep were steady. lambs fen on csc, with
few early sales at steady prices. Com
mon to prime sheep (ewesl sold at simS6 25
per 100 his culls at s2.a0Ws2 50; yearlinss
at FoE:5: lambs AT s. 500 1856 few
early At $40; Culs al s,Ns1.2h. Dressed
mutton steady at II a l3c per H.: dressed
lambs slow at iGdi7c., very few country
dressed dollhouse lambs arriving aud prices
unchanged,
Ge,ciptn Of hogs were Ns5s head. all for
slaughter except a few head. Quotations
were S1Omsh75 per 100 lbs. for heavy to
light. Country dressed hogs were steady At
HOBO; roasting pigs Ut 1t@l7o
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
HEAVY BUYING SENDS
EXCHANGE RATES UP
Sharp Rise Stirs Uneasincss
About Widening Of Stock
Trading.
Sterling exchange rates .,ifened sharply

Sterling exchange rates stlnened sharply
Yesterday. demand closing ~ Of cent
In tho pound higher than on clo day
previous. while cables advanced IL cent
In the pound. The reasons for the sharp
rise IN exchange on London, according
20 foreign exchange experts. was that
many brokerage houses were heavy buy
ers TO make remttances for American
securities which had been sold abroad
by European holders previous 20 the
closing OF the stock exchanges and since
the partial resumption OF business here.
Another cause for the advance in ster-
ling was that a prominent International
banking house which has been a heavy
seller OF cables for the last few days
ceased its offers To sell.
Yesterdays sharp rise in exchange
caused some Of the leading exchange
men TO give a good deal Of thought to the
matter Ono OF them said that any
further widening Of stock trading would
have TO be conducted with a good deal
OF care II business men did not wish 20 eN-
perience another startling advance in
exchange rates such az took place a few
months ago Any heavy selling OF Ameri-
can securities By European holders, such
az is feared in some OF the most con-
servat!ve exchange circles. would cause
such rise IN rates. not alone In sterling
but in francs and marks. as would undo
much of the work that has recently been
done In bringing sterling exchange 20
normal level.
Francs We're frmer yesterday. and still
continue to be the dearest exchange IN
the world. Marks We're easier. but IL is
known that there are millions in Ameri-
can securities held here by Germans
which might he sold At The first oppor-
tunity One banking institution in this
city alone holds SIS 900 900 in American
securities for Germans.
The exchange market was active yes
terday. especially In sterling. The amount
OF franc exchange continues TO be limited.
Cotton bills are beginning to come into
the market more freely now that the
Cotton Exchange has reopened.
Demand closed at 4s7a.. a. compared
with 4.s7is on Monday, and cables az
tss-., against 4s7'-. Francs were
higher at 5l3a. for checks and 5.l2ia
FOR cables, agaiust 5.l4i9 FOR the former
and BIB for the latter on Monday. Marks.
which were somewhat higher toward the
close OF last week, but which showed
signs OF becoming easier on Monday.
continued their decline yesterday. Mark
checks sold ~ S6as and cables az s6i2
as compared with s6', For the former
and s5a. FOR the latter on Monday. Last
Saturday marks checks sold at Sd. and
ca bles 81 81.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18

MONEY AND EXCHANGE.

New York Federal Reserve Bank rate;
5is per cent. for short and per cent.
for long bills.
Open market discounts. prime accent
ances maturing UP TO ninety days, 4 to
AZ per cent.
Commercial paper was quiet Rates
were ~ a per cent for sixty to ninety
day Endorsed bills receivable and for four
TO six months single names; az per cent.
for others.
Time money rates were steady, but
easy in tone, between and So per cent.
for all maturities.
Call money ruled AZ from to per
cent.
Domestic exchange on New York: st.
Louis. zoe, discount; Chicago, par. Gin
cinnati, Zoe premium; Minneapolis, par.
Call money in London was ia per
cent.
Sterling exchange was Arm. Final quo
tations were; Demand, 4S7A; cables,
4SSts
Bar silver IN London, c2Xd; In New
York 49c,
New York Clearing House statement
Exchanges, s247,59st45; balances sie,-
GS,i06. Sub-Treasury debit balance,
Sa6G.sN2.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
THE COFFEE MARKET.
Greater Part Of a,6OO Bags Traded
In Represents switches.

Yesterdays sessions Of the voluntary
liduidating committee OF the Coffee En-
change we're exceedingly dun and the
greater part OF the $500 bags traded IN
represented switches from December to
later positions. No new buying developed
and prices saxged. Closing bid aud asked
prices AT the close were: December, 80
a $50; March. 5,1tn 80; May. 5a4N
b.oS: July. 670nG1N
The spot market was quiet with Rio ~
and Santos As unchanged ~ 81. Ass and
1Oi, respectively Cost and freight offers
were also unchanged Rio exchange Oh
London was IS lower AT l3hsd.
Brazilian markets were featureless.
Rio No was unchanged at 3SS25 while
Santos No. I was also unchanged at $500
Rio and santos receipts totaled 65. 0OO
bags Juudiahy had 10000 and Sac Paulo
81 900
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
Cheaper Money.

New collateral loans were made yestsr-
day at per cent. Money at this rate
was offered freely, the banks even calling
up their customers TO advise them OF the
opportunity. Only the customary terms
in regard TO collateral were required. An
especial loan on city bond collateral ex-
clus'vely was made NJ Ala per cent.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
THE CURB MARKET.

Trading progressed In a normal fashion
in the outside market yesterday and was
fairly active. The movement OF prices In
the Industrial and mining stocks was
somewhat Irregular within q narrow
range. Standard Oil shares were gen
orally higher. Riker & Hegeman held
steady at "a, while the rights moved up
10 rs on heavy demand UnitsA Cigar
Stores and Profit Sharing shaded on Ac-
tiyity in the mining department was con-
fined chiefly to the lower priced issues
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
Guaranty Trust Co. Of New York
lao Broadway, New York
Capital and Surplus $50, 00O, 900
Resources over 200, 00o, 900
COTTONSEED OIL.
Values Again Sag on Light seIIinG
Pressure.

Ring traders were inclined TO sell small
quantities OF oil yesterday. Aside from
these offerings Of professional sort
pressure was lacking. Crude oil was quiet
but firm IN the Southeast, the basis re-
naming AZ 32i. 20 81 cents Some inti-
nations ~ a slight betterment In the trade
inquiry offset the effect OF the decline
In cotton and lard
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18

spot cotton at New York was easier
mddlins. 80. southern spot markets
were easier. with New orleans -, Cal
weston. - Savannah, "a Houston,
"a. Augusta, 1lg, and Memphis, -.
The New orleans market closed steady.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18

New York ~og.a'v 'u. .- '." 'e' .
WIDOWS AND ORPHANS or NtnIChL NEN
The NruIt N.'t'"- O.. H.'
fay November 90, f,fl.t.. , 20 50
ANDREW J.. ct EEIEH II 70. s.2gt
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
70 The Holders Of First Mortgage SCI Bands
Metropolitan Steamship Company
tot New Jersey

IN. American Trust Company. P7s-cn.
MsAsac husetts. Trustee under The H. iAr'uFs
Of Mortgage given by he Me'r po.l'sr
Steamship Company tof New Jersey ut'sd
November 10. 1909. hereby gives NODE .hH.
Il holds the sum Of Fifty s"y"u Iual.f-d
Nine Hundred Forty-thrce AMI Moo H...
lars ts57Sl3.iIb for tae purchase TO- ! .rs'
Mortgage Five Per Cent. Bonds 90; 'He tt't
Metropolitan Steamship Compt'f 100 .."
Jersey issued under and esufe' Ar -.fN r.
denture OF Mortgage ana hef.h. ,.te'
tenders OF said bonds for 81" go e DO III.
amount % sdld sum, or ava" pa 'H ~
endorsed TENDERS to --il Metropolitan
Steamship Company First Mortgage % '
BoDds," 20 DE received - N" u". .f ~ :.
Trustee. % State Street. Rn~'uu. ~ 1855.
noon. Monday, December =. 1874 TH~ Kn'
is reserved by said Trustee 90 .s.. ir. c.
all tenders.
AMERICAN TRUST CoMrA>I. Trustee
r. g. II bowen. r.'.r
Boston. November II. 1871
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18

The Liverpool market was quiet. There
was a small business In spot cotton, with
middling unchanged a. 45dd Sales 5000
bales Prices AT Liverpool were:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18

FXD0rts Yesterday, 3O,l8I blI0s. TOt0I
thus far this season, o9s 900 bales, against
3A76. 600 bales last year.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
REDEMPTION NOTICE
Chicago and Western Indiana Railroad Co.
GENERAL MORTGAGE BONDS
Trustees Office. Room 32 18th Floor,

WV lOTNl NOV. ', INIA
Tho Trustees have this day desgnR'ed By
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
STANDARD OF. SUBSIDIARIES
CURB STOCKS CLOSING.

'Scll. cents per shars
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-18
DIVIDEND DECLARATIONS.
Itock Amt Payable,

......,..- com MS Jan. Z
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26
Divides as-l nterest.

,ss-f. r C. a. IL the answer to auee-
ton No lsi. subdivision ., correct Fri
days Issueb. What about line H. page ?
Form 1910. showing gross income! And
again on page l. line T. showing deduction
allowed In computing income subject to
normal taxi
tsl nd not the regulations once allow In
cases of interest on mortgages payable say
April and october l. the accrued interest
from October 1. 1919. to March l. 1915 be
omitted from return and only show the
one months interest for March TO April. -
Income for 1919
Answer-nD Although the law dis
tinctly specifies that dividends need not
be included in the income statement the
Treasury Department at hrst ruled that
they should be included and Form 1910
was made up on that basis Recently.
however this ruling was reversed and
dividends may be disregarded except by
those subject to the supertax.
,2) The rulings in regard to interest
were at first confusing. The latest rul-
ing requires all interest which was due
and payable within the 1918 taxable pc
riod TO be included as income for thai
period.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26
Deasctieas Allowed Physisias.

2e7-H. J. X. Will you kindly advise me
whether the following deductions are allow
able in the case of practising physician
line l. T. e.:
- Expense Incurred In maintaining the
once. such as rent. medicine supplies. medi-
cal Instruments and service of maid
t2b Expense Of maintaining garage. that
IT, proper proportion Of expense that fs
necessarily incurred In the regular course Of
practice. such as wages of chauffeur. cost Of
supplies. repaira &C.
Answer-U Yes. except medical in
struments.
f2) Yes
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26

your net income for the 1913 taxable
period March to December 80 was
$4,000 or over.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26
NEUTRALITY-SUSPICIOUS..

soS--C. 4. n a. 10 It necessary to hls
return II md that with ACQUISITIONS my
90 Must my wife ale . seturn she hes
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26

10 the following questions In your columns on
ThursdAy morning.
..Iss. , on sn...spsn,. aoss no, .us.i ~ ccc
PER year. NJ wife has no income. 10 II
sscsasary 70 make any return either for me
Answsr-You should make . return II
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26

{ T.! ;: IS; s Ell:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26
No Retarn IL Necessary Caless In.
eeae for 1919 Taxable Period
Amounted 20 s2,SOO or More.

.si-Jersey. VIII you NOT publish come
infor nation apple able to the following case.
which I am confident will be useful to
oshers besides myseif
10 a statement necessary or pha, procedure
10 necessary for me TO take: conduct a
business and real estate tncludtng
residence The gross income Of the bust
ness. which l. not a stock company or
corporation, "a between $500 and $4,000
yearly and from which I derive a net tn
come OF from o. 200 70 .. 500.
Answer-If you derive any income from
the real estate which you own and II this
added TO your net income from your busi
ness amounts to $4,000 or more per an
mum (e1.S00 fog the 1913 taxable period)
Il will be necessary for you to make a
return: otherwise not.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26

2sp-F. y. Last month the board Of tax
commissioners reduced the assessment upon
my dwelling - per cent, finding that be-
cause OF restrictions In bill of sale Of lots
next door. my dwelling had lost IS per cent.
In value during the year.
Does this come whiting the income taH
rule % exemption from ioases7 "s
only such losses az shsil have been actually
sustained and the amount Of which has been
definitely ascertained during year covered
by return can be deducted
Answer-If you keep a regular sst Of
books and make an adjustment or in
ventory each year any gains or losses re-
sulting from such inventory can be re-
fected IN the income statement. Other
wise you should not include any loss until
the property is actually sold.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26
'uvpent 1aterest On Past Dsk, L. o.
Allowable Oedscttsu.

sit-J. n. Are payments on pss' -.s
dsductiole from grs.s income o. can ihs
interest only be deducted
Specifically As income from ~. rsr'. a,
real estate 10 $40 ZOO. But he opes or par,
OF his property 10000. which lie T. under
contract 20 pay back AT the rate Of 9, Ahs
Q year with Interest at per cent. rA3ah's
annually. His payments last year v-re thus
$500. Can ne deduct this amour; " on'y
the u. zee Interest,"
Answer-Current interest Il an allova-
BILE deduction. For a normal wear ~.
$500 interest could be deducted ro-
1913, however. only the amour, du. ana
payable in the 1919 taxable period can p.
deducted.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26

the paper that . new decision Of che Treas.
ury Department sxcludss from the operation
public utility securities. II %. 10 . return
necessary and could the coupons be sent in
municipals7
Answer-ws do not know Of any such
decision. Dividends OF stocks Of all COR
porations. including public utility corpora
tons. are exempt from taxation and need
not BE- included In the return. but the in
terest from all coupons sxcept those of
municipal and state obligations should be
included and the proper certificate should
be hlsd with them
TpUstsss' Rstusus.
e ::'.s r. 2: :;r:s: : ~: go S:s:s ::
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26

= WGssba NeC~.eEy'
.75-F W. ". My income from business
and rentals amounts TO 1900 and l have
997ss In savings bank; also have 5000
invested with Title Guarantee and Trust
Company, / am married and employ one
man. 10 II necessary for me to make any
return?
Answer-No. II 10 only necessary for
you to make a return II your net In
come for the ten months OF 1913 amounted
to $4,000 or over. Obviously the interest
on your bank deposits added to the In
come from your business would make
your net income much less than this.
Withholding Tax n 1919.
.7s-F. X. X, Please let me have some
light on the following I have a tenant who
pays $500 q month $4,000 a year. for Ger
tain real estate. In November last he de-
| that he was obliged to do 30 under tbs
; .%s.sa.untiy paid tbs Per cent. % ms n:
| upon my agreeing TO indemnify him for any
tar he might be called upon 10 pay,
| Now. have l the right to Include .shis
| $500 In my return ss Income upon vetoh
the tax 10 withheld at the sourcsr II
| do not and ] have to repay my tenant go.
sequsnsly I VIII be douSiy texed. A. The
tax 10. Therefore. virtually withhold at asopoe
I think am entitled to % report H.
Answsr-Ne TAI was rsauirsA - b
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-26

N6-J. y X. Kindly snswer through
your column the following inquiries regard
Ing the Federal income tar.
(i) Does q Municipal Justice whose salary
10 a. 900 Q year have TO make rsturne
te) should return be made on interest
IN q sAvings bank and rents II less thar
90 should the return contain the sros'
or net sum OF income'
Answer-u) Not n this IL his only
source OF income.
(2) A return should he made for the
1919 taxable period II tho net taxable In
come from all sources amounted to $4,000
or more.
t9 II should include all income and
show In detail the allowable deductions
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1914-04-20
$50 LOSS IN FIRE
ATLUDEWICFLATS
Firemen Called to Extinguish
Another Sawdust Fire in
West End of City.

The roof on the double house at .41o
and AZ Nineteenth street was dam
aged 10 the extent of about $50 by a
fire at $3.50 this morning. A hole
several feet square was made by the
flames. The blaze started from chin
ney sparks. and had worked through
the roof to the ceiling I'm the attic. The
building IS owned by DIT. w. H. Lude-
wig and occupied by w. f. Ivens and
J. W. Glasco.
The firemen were called at 6:25 Sat
urday evening TO extinguish n sawdust
fire at the old saw mill site in the
west end OF the city. A strong wind
was blowing at the time and the fire
spread rapidly. forcing the fire ladies'
to work nearly two hours before IL
was finally put out. over 600 feet OF
hose was run out in fighting the fire.
How the blaze started is a mystery.
No damage was wrought as none OF
the structures in the vicinity were
touched.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1914-04-20
DESIRE A LIGHT
ON EACH CORNER
City Council Considering New
Contract With Peoples
Power Company.
SMALL INCREASE IN COST
Plan Calls for 200 Arcs and $50 Tu1g-
stems, Total Expense Being
$21 ,24o Per Annum.

A contract with the Peoples Power
company for lighting with 200 arc
lights and $50 Tungstens. enough to
have one for each street corner, the
arcs to cost $50 year and the Tung-
stems s21, will be considered this at
ternoon by the city council.
Mayor II. NJ. Schriver says the new
plan will cost the city approximately
S21 ,240 next year for lighting, which
is a slight increase, but holds the
price low considering the improved ia
cilities. The newly annexed territory
will be provided with at least II lights
of standard size and their locations
have been selected
Doubles Present Number.
The new contract, if approved, will
double the number of street lights in
the city.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1914-04-20
BOY SCOUTS TO
Give EXHIBITION
Dem of Work to Be
Put on at the Y. M. G. A.
Friday Evening.

1.-THE Boy Scout at Home and Aield'
will be the theme for a most unusua
program to be given at the Y. NJ. C. A
on Friday evening of this week. The
local scout troops are to be brought
together for that occasion to give a
full demonstration of their work be
for their friends and all who are in
terested.
There are now two full troops Of
scouts in the city, besides start for
third. The first troop, or troop one,
as it is officially called, includes the
silver fox, the eagle and the black
bear patrols. Troop two consists Of
the blue buffalo, the red trailer, an,
the rattlesnake patrols, and troop
three has the wolf patrol for its nue.
leus. Scout Commissioner Craig mas
another patrol just ready to be en-
rolled, which will be added to the
third troop.
These boys. on Friday evening, VIII
show, in an entertaining way, as mueh
of the working of scoutcraft as can De
compressed into one short evening.
There will be a short talk on scouting
in general. with stereopticon illusua'
tions showing the work OF scouts N
various parts of the country Ineh
the boys themselves will have contests
and exhibitions of their skill in bulio'
ing fires without matches, erecting
tents and making camp, first aid ana
rescue work. The program as plannea
promises to be full of interest TO ths
spectators.