davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
SAY new RATES WOULD
FAVOR STANDARD OIL
National Petroleum Protests to
Commission Against Pro-
posed Advance.

WASHINGTON, Jan. e6.--The Interstate
Commerce Commission resumed hearings
to-day on tho application Of the Eastern
carriers for Increased freight rates.
Representatives OF tho National Pc
troleuin Association appeared and pro-
Among other things they said that the
increases In some instances amounted 70
as much as 20 per cent.
On January 20 the commission set {;
series OF dates for hearings OF shippers.
these hearings TO last until March 3. In
nearly every Instance tho hearings are
accorded to representatives Of producers
Of commodities Of low grade and Of bulk.
such as petroleum, ice. bituminous coal.
plaster, pulp and paper, salt, hay and
sugar. Representatives Of Ice producers
Will have a hearing tomorrow.
The Pittsburg Coal Company presented
a protest at to-day's session against the
proposed increase. and In substance asked
to have the rates on bltuminous coal.
both East and West. made the subject Of a
separate and distinct inquiry. Attention
was directed to the fact that the COM
mission had reduced tho rates on lake
cargo coal from the Pittsburg dis
trict from SO cents TO IS cents a ton. The
railroads now seek TO increase this rate
from IS 10 SO. This. II was contended,
would Increase present rates Of less than
81 ton not 8 per cent. but 3 cents.
The protest OF the Pittsburg Coal Com
pany filed to-day aroused considerable In
terest. Attorneys here predicted that II
may he the means OF simplifying the work
OF the commission In the advanced rate
case and expedithS final settlement be-
cause II the commission takes favorable
action and aggregates this commodity It
Will adopt q similar course with reference
to other commodities and make the rates
fhAyn fbA anfhfACf M frvputi-
cations This would allow the case to
be ad1udicated so far as other rates are
concerned at a comparatively early date.
+. w. BoltE, traffic manager for the
National Petroleum Association. was the
principal witness to-day He asserted
that the average Increase sought was In
excess Of per cent He said the Increase
would result In giving the Standard Oil
Company al added advantage over the
association which no represent ted. which
was made up If Independent producers.
Cross-examined by George s. Patterson.
representing the Pennsylvania line, and
o. T.. ButterfieId, representing the New
did not charge that the railroads were
acting in concert TO aid the Standard Oil
Company but that nevertheless II the
increases went into effect IL would have
this effect.
T. X. Westgate, manager Of the Amer
lean OIL Works OF Titusvlle. Pa: Robert
G. Pew. representing the sun company Of
Toledo, and l.. II. Gotwals OF the Union
Petroleum Company of Philadelphia tes-
titled that the cost of transporting Oils
did not Justify the proposed increase.
The Standard on Company did not
make any application to be heard at to-
days hearing and Louis y. Rrandeis. who
ceedings. said he I'D not think the stand
ard would ask to be heard.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
GOSSIP OF WALL STREET.
A Flare Us.

Steel common, the leading speculative
medium. monopolized the trading yester-
day to greater extent than Il has done
Tor some time. That In an Interesting
development n any Significance at all Is
to be attached to tho fact that very
notSeeable feature OF the recent rise has
been the unusually large part played by
Investment ana semi investment issues
In the dealings. Indeed the latter has
been described ~ q most healthy symp-
tom. indicating buying of stocks that are
likely to stay sold rather than the maxi
Ing OF contracts for the advance centrine
mostly In the active shares. Not n little
Interest was therefore taken In tho spurt
In Steel common. not only because Of
certain rumors associated with Il but
also because Il provided the first definite
sign Of flare up In speculation in the
active stocks. III some quarters II has
been held that a. long as the market
moved along In the orderly fashion II
has done In the past two weeks or SO the
state OF the speculative account was still
shown to be technically strong. In other
words. n stable reaction would he fore
shadowed by a quickening Of the pace
Of the rise and trading on & scale suG.
eesting q broadening Of speculation on
the long side to dangerous proportions.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
MONEY IN NEW YORK.
Money Rates Easy-GolA for Paris
-Gerna. Bank Statement.

~. .,,.r.,y. .,,.ra,Ion. exhIh,,eo IN
%, ~ ~ 80 mnrS ",sssrsrt vsrs ,xi,hout
49,, A. v..,ard.y's Nancy ,nartat HOY
.n rtn -. so~s~ha, iss. Give ana hotb
-o.ins W. v''s ss,r,in,,sn ~ 1,.n'sx ,hs
csl s.o ,' ~ 1890 -. mrsys "a la, wssi
AN. ..s, 49, ,,.nt 49, ,nsss ~ ,hs snSsrr.
hnn,sus =, ene oca W.. so,a Tor y. RI. In hc
.n,ns y, 80 W.dne.d.v,s .t.amer This is
,S,,d .nss.snsnt Of the moyemSnt
.1 1T, .,sr,eA - nusry n ana raises the
n. sI a. oso oSs Eays,yn esshanas closed
49,, -, Do,r.s
~" ~, ~ f,nnseriai Rank NJ oermanv made n
-. ..peLi, ,a,urn showin. an adsi,ion
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
THE STEEL MARKET.
Increased Activities Of 4. =. Corpora
ton Reject Improvement.

The Improvement that has taken place
in the steel industry since the first of the
year is reflected by the fact that mills
are nov operating at over 60 per cent
Of capacity. Price advances thus far
however have been slight. There IN cor
siderable competition in certain lines A
German concern is offering open hearth
rails In this market on "a basis Of $50
per ton at the mill. Billets arc being
offered in Boston considerably below
the domestic price Foreign dealers are
also trying to establish a market for their
products at Southern points.
The optimism of Pittsburg interests re-
garding sharp Improvement very soon is
not shared by manufacturers In general.
although they expect gradual and sus-
tained Improvement.
Some good sized orders OF structural
steel for subway purposes will be placed
within the fortnight A total OF $4,000
tons will he ordered by New York alone.
II IL expected that the January figures
OF untitled tonnage of the Steel Corpora
ton will show an increase Of about 200.
900 tons over December. This will he the
first increase since that announced In
January. 1919. The corporation IL now
operating at about 80 per cent. OF capac-
ity. compared with a. per cent. a month
ago, and IL In believed that 1t will be
operating AT about 81 per cent. OF cspac-
ity within ten days
Several rail orders or fair volume nave
been placed within three weeks The
southern Railway ordered 10000 tons
from the Tennessee Company, the New
York Central i;O.O0o and the Chica ga
Northwestern $4,000 tons. II IL expected
that the Pennsylvania order for about
100, oO0 tons will he closed this week.
This Ii 900 tons less than a year ago.
Tho Seaboard is In the market for Is =
ooo tons and the Frisco for about CO.,
600 tons.
Car orders have also been better than
| for some time. steel sheets are quoted
! about So per ton higher than week ago.
steel bars are firm al &l.2O.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
THE BOSTON MARKET.

Boston, Jan. 26.--The local market
was fairly active with prices generally
firm. Boston Elevated was n weak fea-
ture owing to the reduction OF Its divi-
dend from per cent. TO per cent. annual
basis. In fifteen minutes trading follow
ing the announcement Of this reduction
1t declined 6h points to S3h. closing at
-. which compares with low record Of
81 made November & last. New Haven
advanced IA to 1914. X. and NJ.
strengthened one. Fitchburg preferred at
80 represents a gain of 20 points since
December IL. In the copper list CRANKY
added half. East Butte was active ut
an advance of n, Butte and Superior and
Alaska Gold recorded an advance OF 1
and 2. respectively. The summary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
COTTON HOLDS FIRM
ON SPOT SITUATION
Healthy Buying In Canada and
the South Restricts
Pressure.
CABLES ARE STEADY
List Closes One Point Higher
10 Two Points
Lower.

Nothing developed In the course of yes
terday's session that tended to increase
speculative interest in cotton. Trading
in the first hour or two was in fair vol
tune. but after that It fell OF quite
sharply. and, In the closing hours the
market WAS purely a professional AFFAIR.
The list showed good resistance TO early
pressure, as the continued strong spot
situation In the South encouraged the
bulls TO give support on the small de-
clines. Tho price range. however. was
narrow and al the close the active posi-
lions were I point higher to Q points net
lower.
The market opened Arm. unchanged to
points higher In sympathy with the
steady Liverpool cables. After gaining
"a little further from this level prices re-
coded rather quickly on selling credited
to Wall Street house. Local spot peo-
pie were good buyers on the decline. this
helping to impart steadler tone to the
market. outside business was very light.
which reflects the general disposition Of
trading interests TO await new specu-
lative impulse.
News from Southern spot centres was
uniformly bullish. A Georgia frin ad-
vised that the strength IL duo TO moro
than the short covering among shippers.
Tho arm further said that New England
spinners are now taking a prominent part
In the bidding. Other dispatches said
that there was healthy demand from
all sources. except New England. Cana
dian and southern mills being especially
good buyers. Prices Of the better grades
OF cotton have been advancing rapidly,
but not fast enough to deter buying ac-
cordinG to the holders.
Exports yesterday amounting to 1l.665
bales bring the total for the season UP
to 6.o80.O0O <sales. compared with $685.
600 for the corresponding period last year.
Spot cotton was unchanged. Middling
uplands. l2.90c. middling Gulf. i3lta
Spot cotton In the principal Southern mar
kets was unchanged 10 NC. higher. Gal
weston. - LIE: New Orleans. Is Sis
Charleston. Is: Norfolk. 10; savannah,
49,. Houston. Is: Memphis. Is ~ Au-
gusta, i3s. New Orleans. IL 5-16.
Futures here closed l point lower TO
points higher
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
R1se n steel.

The uprush In Steel common was as I.
cribed TO number OF things A vice
president Of tho Carnegie steel Company
was quoted ~ giving utterance to the
surprisingly optimistic view that I'VE are
entering upon one of the bigeest buying
movements In the history OF steel making
In bhe United States" That WAS hardly
Calculated to depress speculative senti :
ment for tho rise whatever effect IL had
But perhaps n more important influence
was exerted by report which circulated
ON the hoor OF the exchange In the after
noon that negotiations had been concluded
to settle tho Government dissolution suit
against the Steel Corporation on a basis
of \ eale Of the Tennessee Coal and Iron
Company. The corporations quarterly re-
port due to-day probably also entered into
calculations. But such reports are usually
treated by speculative sentiment of the
day to day sort according to tho mood
in which Il finds Itself Thus II sentiment
ne cheerful and the rerort worse than
expected" Il II pretty safe TO cay that
Wall Street viii describe Il a. ancient
history. On the other hand. " sentiment
be depressed and the report favorable
Il win be spoken Of as already discounted
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
THE GRAIN MARKET.
wheat Closes 40. Lower, with
FOREIGN Advices BeRrtsh.

Wheat closed NC. lower yesterday after
early recessions of &c. Export demand
was quiet and Argentine crop news was
favorable. Russian offerings were larger
The cash situation WAS weak despite ~.
fact that primary receipts we're about
one half Of the volume OF year ago
Shipments, however. were much smaller
than receipts. Snow fell in some sections
Of tho winter wheat belt, with indications
of more for to-day. There was some pro-
fcssional buying by large operators. but
this failed To AFFECT values to any ma
terial extent. There was = rally at the
appearance of the visible supply state
ment.
Corn finished " 20 Sac. lower utter
previous declines Of y to 10. Receipts
we're smaller than last year, but were
m,ch larger than shipments. Cash de-
nand was poor. Argentina reported con
ditions favorable for the crop. Covering
by shorts rallied prices from tho low
point before the close.
Oats lost Ic.. In sympathy with corn
Trade was dull and the cash demand was
light Receipts and shipments were OF
about the same size
Visible supply OF wheat decreased sos'-
ana bushels, corn Increased l2.Ooo bush
ala oats decreased $3.50 bushels.
Visible supply Of bonded wheat de
creased G5S. 900 bushels oats decreased
;75,O 900 bushels. barley decreased so,ooo
bushels.
Visible supply OF Canadian wheat de-
creased $4,000 bushels. oats decreased
1ss.0 900 bushels.
Messages IN Minneapolis from the
southwest report the winter wheat crop
n gain benefited by snow or rain. Tempera-
lures moderate and crop outlook favor
able In every respect.
Worlds wheat shipments for the week
were l2,l92.000 bushels. against 1881
600 for tho previous week. and 11.saO, 600
last year Corn shipments for the week
were 2,123.0O0 bushels, against 3.b2s.OOo
In the previous week. and 5,Si3,0OO last
year. wheat taken by the Continent
amounted to 4,1s&,000 BUSHELS against
6,7b2. 900 In tho previous week and $500
900 last year Wheat on passage in
creased ssA. 900 bushels and corn on pas
sage decreased 2.2O2 600 bushels
chicago prices were:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

The settlement OF the Steel suit rumor
has been mentioned In speculative gossip
before even n not always In 80 circum-
stantial terms a. on the present occs-
sion. Perhaps nobody placed any more
crcaence In II yesterday than before. But
as subject containing immense and far
reaching possibilities II In too attractive
to be let entirely alone. IL 10 obvious to
every one that nothing In the world could
happen just now which would inflame
speculation more than the serious pros
pect OF such an outcome of tho matter
Some observers 20 SO far as to say that
II would mean the crowding within a
period OF month or six weeks OF a
movement In stock prices which in the
ordinary course OF things would probably
take place In six months or more. Al
any rate IL would change the whole as
pect OF the speculative situation and up.
set all present calculations.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
THE PHILADELPHIA MARKET.

PHILADELPHIA, Jan. 26---The market
was very discouragng to traders to-day.
No attempt WAS made to stir up any in
terest In any local issue. Odd lot selling
was the feature. Cambria Steel was up
q fraction and General Asphalt issues
were irregular, the common selling UP "a
point, and preferred off half, Philadelphia
Electric and United Gas Improvement
were firm around Saturdays close, Trac-
ton stocks were quiet. A small block
of Welsbach common stock sold on
points from last previous sale about six
months ago In the bond list buying Of
Reading General Mortgage IN was the
feature. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
PKOPOsAl.A.

SEALED BIDS VII he received hv tbs
Hoard of water supply at it, "tr - twenty
second hoor. MuniCpai BuidIns' Park Roy
aud Centre and chambers streets. New YORK
City until II A NJ ou Tuesday, February
l. isi%, for Contract lO', for furnishing, de
iiverng aud instaulns saie snd Other We Hes'
suiCe gates and gppur'endntes t,ohg cats
Nil aqusduy, mninly within New York GiN
limits . 49,, ,.,. ...,,.
he publicly opened and road, Pamphlets
containing Information for bidders Ahi
pamphletH Of contract drawing rHn be Oh
famed at the above address, at tho Soors'
tary's once hv drpositIug the sum. Of Ave
dolfare ,sb) In cash or Its equivalent for eash
nauphlei For iurthor particulars apply
10 the Office Of the Principal A'stsi.ut En-
riueer at tho above address,
CHARLES STRAUSS President
CHARLES y CHADWICK.
IONS Y GN'.NlN.
.,.,uIuIr,inurl 81 mo Hoard ~ Waior SIppy.
loSEpH T. MORRIS NY. Sc'ro'ary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
,hicsgo prices were

Sugar--There were sales OF 90, 600 bags
Of sugar Yesterday tn Federal AT 2i-c..
which under the present duty IL equal to
3.+sc. As this sugar Is February clear
sncc. leaving Cuba February %, II will
not reach here until after March !. Tn
der the new tariff then effective the price
will be- 3.lic. duty paid. The refined
market is steady and moderately active.
all rehners quoting ic. on standard gram
ulatcd with the exception OF American.
which quotes 4.u5c,, usual terms, and the
Federal. which il selling all grades at
4lSc.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
THE CHICAGO MARKET.

CHICAGO, H., Jan Ca hrm tone con.
tinues In this market with trading well
throughout the list. National
Biscuit WAS exceptionally strong. while
fair gains were made In American snip
ears-Roebuck, Illinois Brick
and American can preferred. An active
da,nand was again noted In the bond de-
ma rtmeut The summary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

: WAsHISGToN, Jan. a8.---The War De-
partment received to-day cablegram
from Gov. Harrison at Manila saying that
the buildings and the greater part Of tho
exhibits OF the Philippine exposition, which
WAS to have opened February |, were
DESTROYED by fro to-day. The loss is shout
$4,000.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
Chicago, Burlington & Quincy
Railroad Company
Denver Extension -Four Psr Cent. bonls
Due February I, 1922.

NOTICE Is HEREBY GIVEN THAT N
pursuance Of the Trus, Agreement dated De-
cember /. 1891. by and between tho Chicago
Burlington & Quincy Railroad Company ana
The New England Trust Company. tho fss-
lowing Denver Extension Four Fer Cent
Bonds due February I. i3e:, Of ssld RailroaA
Company. Issued under said trust agreement.
have been drawn for payment, viz:
Eighty mine (SSb bonds for $1,000 eoeh.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

Sales We're 1858 bags.
Provisions closed dull and steady. Cash
pork was steady: mess, $3.50 q s24
family, s25. Cash beef was steady
family. slgQt $40: packet. SlsIsl2. Cash
lard was weaker; prime Western. sl1.35
refined Continent. s1l.7o: South Amer-
can. s12.15.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
DULUTH. MISsABE 4 NORTHERN
RAILWAY COMPANY
First Consolidated MOrtgage Bonds
nAteh .Iuuuurv lsa laQl

NOTICE Is HEREBY GIVEN that one
hundred and sistN-four (lta Of tho Fret
Consolidated Mortgage Bonds OF the DuIutf,
Missabe Northern Railway Company were
this dag drawn for redemption In accordance
with the requirements Of Article FIVE Of Il
Ist IIi,ahn nnl fnIl Al
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

All future interest OF any OF the bonds -
designated ceases February LIST, 1914, in &C.
cordance with tho terms Of the mortgage.
In accordance with tho foregoing, said
mentioned bonds will be paid at this ofics
on after the Is, day OF February, 1914.
at lo5 per contum and interest, ,say sl.o5S
per bondl
CENTRAL TRUST COMPANY OF
NEW YORK, Trustee.
BY L. T. HYDE, Vice President.
New York, January Ii. 1914.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

Northern at Minneapolis. s7kc.;. No. 4
Northern spring Z. o. b. to arrive.
sl03h No. 2 red (. o. b.. S1.02; No. 2
hard I. o. b. to arrive. 3l.00N: No. 1
Manitoba +. o. b.. $1.02. Corn--No. 2 yellow.
new. 72lac.; No 3 yellow O l. T.. 7OAo
Oats---No. . white. 45145hc.; No. 8
white. 44q44hc.: standards, Az a $50.
Barley--Malting C. l. T.. 67076o. Buffalo.
Rye-No . Western 9. 1. (. New York.
s7i.c. Flour---Spring clears. s3.s0G s4l5 :
spring patents, $4.501S5.O5: Kansas
straiSh.s TO arrive, 34.15Qs435.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

II a. NJ. bids TO Liverpool were: Janu-
AIRY, 1891 March. 1885 May. 1924 The
market there Is due to open to-day IL To
~ points higher.
Port receipts. shipments and stocks
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
ELECTIONS AND MEETINGS.

The annual meeting Of the stockholders
OF the ALPHA ELECTRICAL SUPPLY CON -
pANN for the election % Directors for the
ensuing year ana for the transaction of such
other business NJ may properly come heiors
the meeting. viii be held at the otliCc 81 the
Company, 80. lt6-llh West 2Hth street
Borough Of Manhattan, ti'y ~ New York.
ON Tuesday evening, February 10th. 1914
aL~s O'Clock.
Dated New York Snuary Goth, iH1t
CHESTER y RDGFRS Sccrctar,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

Tho Annua, Meeting Of the Stockholders of
The New York Edison Company for the cleo
zion Of Directors and Inspectors OF Election
for tho ensuing year. aud Tor tho transurtion
Of suoh other business As may properly com"
before the meeting. win he hrli M Tho Once
Of the Cumpny 10 % Duane rfr,"t, No'
York Guy, TUESDAY February 10, IHli, Al T.
u'clopk nuun
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

'NVTTlTUrs
ternal revenue, ordinary, 81 ash li3; corporation
tax, $,G,l1t and miscellaneous s1l5, 63s
National bank notes received for redemption,
81 Os7. 0ls
The cash statement OF the United States
Treasurer for January ~ shows:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

Tho Liverpool market was steady. There
was y good business In spot cotton. with
middlings points higher at 7.11d. Sales.
10000 bales. Receipts 5000 bales. IN
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
Other wheat markets vera:


Receipts and exports Werei
Wheat Corn. Oats
Receipt New YORK;. $4,000 $1,000 $4,000
Exports-New York;. $4,000 ...... 100 90
Reccip,s-Interior ....1.iS.0V li2S.0o0 Tl.ooo
Exports-Clcarances 900 ...... 1900
Car lot wheat arrivals At Northwestern
points were!
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
CURB STOCKS. CLOSING PRICES
DAILY TREASURY STATEMENT.

WARRINGTON, Jan, 26--The statement Of
the rrcclpts and pay warrants OF the Treas.
ury shows;
Saturday. This month. Fiscal year
Receipts s.. hgb,N6 x2.o2sts t3a3. l97, tn2
Pay warrants 2.iI2.ol6 u, ness ale, 0<t III
Deficit - ssas3 20 aIs5 9a3 SIS Sci Sl5
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27

IWUITIF f''V" -fIITVF 9V'II'
prlcns At IlXcrnOOl were.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
Re Las, Ship

Interior receipts, shipments and stocks
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-27
The New England Trust Company

BY JAMES n. HOOPER, President
Boston, Mass, January 20. 1914.
Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1914-10-15

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try our New Linament, Rub My-Tism.
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at once, rs cents in all, to get instant
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ROBERT SMITH COMPANY,
52S Scofield Bldg. Cleveland, o.
For sale at Marshalls and leading
druggists. $500 per dozen prepaid.
Send for testimonials.