davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15

Montreal dispatches To the news slips
yesterday quoted n prominent banker as
expressing an entirely different view of
the Canadian rate decision from tina,
generally taken. The banker WAS quoted
rs follows "rhe way ! study this doCi-
sion makes me convinced that II IS on
tirely bull card for g p n. and the
more one looks AT II the more one be-
comes convinced that this is tho case
The most important factor In the whole
thing is that the Railway Commission
rules that tho railways are justified In
having one set I'm the West and another
IN the East. This Is n matter ON which
the Western people have been warng \
fight for years and the positive manner
IA which the Railway Commissioners have
stated themselves indicates that this Ques-
ton cannot be reopened for years to come
Then again what makes the decision Of
paramount importance to the &. i. n. IL
the intimation given by the commission
that they would likely have made larger
reductions had n not been that IN" G. y
r. is the only company with its business
established in n way that II could stand
such reductions"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15

A smaller percentage OF the days bust
ness was concentrated in steel. The pro-
portion Of dealings in this stock to husi-
ness in the rest of the list was 30 per
cent MS compared with 40 per cent. on
Monday. In short. selling spread to the
other active shares and through the mar
ket generally. The statement by the In
terstate Commerce Commission on the
rate case hearings was suggested as a
factor for depression. but as this was
only n repetition OF a previous announce
m,nt. The increased weakness In the
general list in fact seemed TO he
caused by nothing other than the awful
toboggan" in Steel This incident had
previously been withstood In rather re-
markable fashion. taking everything into
consideration. But the relative frmness
OF the general market has been nothing
to the equanimity shown by Steel pre-
ferred. Yesterday Steel preferred yielded
=, OF n point, making total decline OF
about | per cent. in the period that the
common stock has fallen practically
points
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
GOSSIP OF WALL STREET.
More stamina TO steel.

The selling movement under way in
Steel common continued yesterday. The
price was forced down to n new low
level of 577s. Once more the pressure
was enormous. The turnover of 10000
shares in this stock easily made the big
gest day In Steel this year. Dealings
were even larger than In the days of
the big break around June IL last, when
the price was damned through so. The
net fall oS 1 per cent on this enormous
volume OF transactions testified to a
relatively greater degree " resistance
than has been exhibited hitherto In tho
course of the decline. As matter of fact
there appeared TO he substantial buying
of tho stock during the day whether or
not this proceeded wholly or in part from,
covering. Operations in Steel. whether
on the buying or selling side are always
mysterious. But the source OF the recent
heavy supply has puzzled market ohserv-
cfs more than usual. Plausible explana-
tons for 1t have been lacking all along
Yesterday for the first time the sugges-
ton seemed to find favor that big par,
In the fall has been played by certain
spectators for the decline who usually
operate on large scale Tn, nane of
one Spectator whose personality and
methods are only too well known was
frequently mentioned.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
THE GRAIN MARKETS.
wheat Closes strong-May Leads,
with Demands From shorts.

Speculative interest in wheat yesterday
centred In the May position. which dis
played considerable strength on further
active demand from the shorts. At the
close this position was about lc. higher.
while July and September were s. TO
NC. higher than the preceding days
finals. The advance in May carried tn.
new crop prices to the higher levels. but
considerable selling was encountered on
the way up based on the continued high
~ favorable outlook for the winter wneat
crop. In the early trading the market
bore an irregular and unsettled appear
ance. with the trend OF prices generally
DOWN. ard on lower cables and bearish
foreign news Liverpool cables reported
In rger Russian offers and crop conditions
abroad were said to he favorable. Prl-
mary receipts were light. shipments being
materially larger. Brudsfreefs worlds WIS.,
lhle decreased 100000 bushels. COM
pared with a decrease last year Of i.234.-
600 bushels
Trading in corn was attended by some
confusion owing to the putting into effect
ot new grading rules in accordance with
Government standards. Fluctuations were
erratc, with trading In heavy volume.
Prices declined about NC. early on the
weak Southwest cash situation and
rumors OF large argentine purchases. but
near the close there was a healthy rally.
with active short covering. and mai
prices represented virtually the highest
of the session.
There was early weakness In oats. with
an improved tone later. Stop loss orders
were uncovered, but commission houses
furnished good support. Cash buying
was light The visible supply decreased
c,s57 900 bushels
Brddstrecfs visible wheat in the United
States east OF the Rockies decreased
l,3+e. 900 bushels and west OF the Rockies
$4,000 bushels Wheat in Canada de-
creased LIES. 600 bushels. All American
decreased 1850. ooo bushels Europe and
aioat increased 3oo. 600 bushels Worlds
wheat decr<ased $3.50. 900 bushels. Corn.
American. east Of the Rockies decreased
1906. 900 bushels Oats. American. de-
oreassd 2.s57. 600 bushels
Chicago prices were
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
THE COPPER MARKET.

A ess optimistic feeling prevailed in
tie copper trade yesterday and IL was
suggested that the abandonment of the
~ cent price by the large producers
was possible. The resumption of bust
moss abroad after the long Easter holt
ropc1n demand was reported to be Nat,
Rus ness IN this country was also light.
Another dscouraClng feature OF the sit
uJtou was seen in the offerings of second
rand metal az concession. Copper was
- hc had AT l46O and li65 cents
\ letter from a member OF the Lon
10" Metal Exchange received yesterday
stated
There has been a better tone in copper,
np@ lergely TO the improved domestic
loli'ical situation, and OF course, also 30
'r" better adviccs from wall Street. This
morning the rumor comes that there Is n
r,c afoot in America to form u merger
81 TO Amhlgamaied Copper Company and
'le l't1h mines but II finds mn. credence
ere II is thought that the times are not
.tep.- Gus for anything OF the kind.
Meantime there has been rather exag-
GRATED talk az 20 the amount Of busincs
"'" by the producers this week some
have been made and at advancing
rr g. but certainly nothing Tx. the
.trt,tIcs talked about Meantime fhs
'.'1oncy is good, and consumers show
poop" confidence
~ the steel trade picked mp "A b!t in
many there might be much more con-
u"e felt as 10 the European position
..' 4 Il is there IN nothing but sue
of very bad accounts from the
...D mental trade and this naturally finds
NoX upon copper,
"'rhe statistics are thoroughly dis
'r.-'od ~ an indication OF the amount o
900 ucr. which IL actually available, hu
nl the efforts made to track down hid
en- surplus have failed.
A really bright spot In the very larg'
nlard met with within recent month";
I'm India. Tho makers Of yellow meta
Gets and shes'hing for this market arr
f.n.N chock block with work. some o
u r being fully booked into June
n seems reasonable In the present tenn
- NJ the market 20 look for higher prices
very great deal continues TO depen'
..Uu Wall Street"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15

Judge Iovett's statement clears up
whatever uncertainty there has been over
the rate nj which the next Union Pacific
dividend will be declared There was no
justification for expecting anything else
than distribution AZ the s per cent.
rate. The extra distribution has been
declared payable 10 stockholders Of rec
ord ~ March I. The courts have held
up the distribution. and on the other
hand the company cannot change the
terms except by order ~ the court.
Should the company make the next divi-
dend at the rat" NJ 10 per cent. and
should the extra distribution subsequently,
be declared legal the stockholders would
have received i. per cent more than
they Were entitled N. AZ the matter now
stands all that can happen Is that the
stockholders may he deprived ~ the use
81 the difference between dividend AZ
the rate ~ per cent and one at the
rate of 10 per cent until the suit -
settled. In any case II IL only "A matter
OF so cents a share difference.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
MISCELLANEOUS MARKETS.
Coffee Cioscs 2 tot Points Lower
sPrOviaiOns steady.

The coffee market closed to II
points lower yesterday. which was at
some recovery from the lowest prices OF
the session. The market was chiefly af-
fected by weak European cables and
rather bearish sentiment regarding the
probable winding UP Of the May position
opinion as TO the extent OF notices TO be
rendered was mixed. but II was con-
tended by many that they would bs
handled IN a manner that would not I'M
duly depress the market There was fur
Their switching from May to September
and December. The total sales for the
day were 80. 750 bags
The Havre market opened fr lower
and closed II. fr lower Hamburg
opened u TO a. pig lower and closed
/, TO u pig. lower. Rio No. I was I'M
changed at $500. At Santos No was
unchanged at $500. while No. there WAS
also unchanged at 4ssoo. Rio and
Santos receipts for two days were 5000
bags, against 1000 bags for two days
last year. Sac Paulo had 1000, against
5000 and Jundlshy had 5000, against
5000
New York and New Orleans warehouse
deliveries OF Brazilian coffee on Monday
totalled .2l.i49 bags. against $500 bags
on the same day last week.
Prices were.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
DAIRY PRODUCTS MARKET.

H"T aW:r iSP s r5s. e. ;n ,'
heevy day. business The lack Of he
.nep 70 trading Rusincss in he'd va,
light but stocks ~ nne corresrond with
ing stock In better demand Prices follow.
si'7c.. seconds, :2Te3c held extras &c.
nrsts, 2iqs:c. state dairy. finest, siu. n
;Ts. sog! to pFiT T.. s52iiS rr"SG,e,' tx
MAKE; a.. ?, 5aIsS 30 a i:1i,,,Ge'' ''"'
trading hu, quo,ations We're unchsnsed
some storing was hsing done 90 avoid losses
ture and not wanted Trading IN Old lines
moved slow Fresh skins dui prices
ltt,FlSc. fresh specials. mir,t 'S cared''
ssin. bsa 'E isir S ff"s f@' .s
irs.h good to choice lodioisc., poor %
Foo. Yesterday. ,ccelp'. WEI. heavy.
only iimiiei buylng. ne market vas. TOP
IN most stores ON the Mercantile rNrhsnre
$50 cases w'rs sold. mostly ~ ~ for
rather Than marketed At me prsva!llng quo.
es.,sr an r,'. WHY G%sr ana GHis, Chez
follow, Fresh .Ea,hcr.d. eN'ra. ?otg n eic.;
PacEsi f S1. ,s%a,c , .s, 5Ga 'f is
~ PennsYiyana and neathy honnery
;og gle, brown AMI, mixed ,co'ors IA
&c Tennessee ara other good southern,
LIVE POULTRY Trading va. roa.ra,e
Win receipt 81 y cars weston six south
Pres car o. me Missouri ana /, coop-
while rix cars ~ heavy Western were saii
70 be sold AZ &c car from. KenturEy
fowls, zoe. for 60 coops. llc. for three coops
one ,nnn sees" - 1c on" coon tuyk k
DRESSED POULTRY -Fr'sh Killed fowls
! stock Is undergrado ora BOOSTERS nrr and
! in moderate supply squat. steady tn,
| demand for froz-n fowls Is fair hut market
/ arm small stock s.ow larfr roa.'lr :
| attractive and dun Fancy tom turkey.
| Hrmly held. Hcu- In moderate demand
Frozen ducks and geese dull Quo','lors.
| Turkeys average, IL, - ri $50 Eroicrs
.,aWc P"?s' III. eSnch' :, q ,oc cniSksnS.
! rhila delphia, fancy, e40 c;c coarse, II.
/ Fowls Western. boxed, 80 lbs and over 70
dozen, lsc 30 to !! n~ l7hh lsc, under
30 Western. ',ncy scaided Isl, ais
Western and southern, poor itql5Lc OH
roo-'ers. Nisc Fro2rr- Turkeys small
Western, selo c'ed hens and toms a5q 2sc
/ Kentucky, ?30?ahc, ,Tcsas. sac Old hens
70 box, milk I'D, fancy, Is 10 - n. .aQ
:, g. SO lhs to 1oIen. i7Nl!c corn 'ci
over to dozen; ise 50 to 6 lbs i5ui,Lc
"a roo.'srs 'io, pnck. wN".rr. i?u -
lie. No. :. sGiie
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
SEVERE REACTION
IN COTTON MARKET
Liquidation and Bear Pressure
Send Prices Sharply
Downward.
TWO BCLLISH. REPORTS
Big March Consumption and
Bad Weather Summary
Ignored.
TWO BULLTSH. REPORTS

There vas quite sharp break in cotton
yesterday and the decline carried prices
down 90, to 40 points from tho top OF
tho recent advance, when May sold at
l:s3 and July at 1853. The break was
largely the result of an overboueht con-
dtion. with stale long accounts reduced
by liquidation. There was the usual
bear hammering. which is always to be
expected when ring professionals catch
wind Of a decided price movement.
The weakened technical position was
disclosed when two decidedly bullish news
features failed to stimulate buying. The
first came at the opening, when the
census Bureau issued its report on sup
ply and distribution. including consump-
ton by American mills for March. This
was placed at 4e3.1Ii bales OF lint cotton.
compared with t6e.+55 last year The fig-
urcs do not include linters The total
consumption to the end OF March was
placed at 3.S36,000 bales, against 3,lsI,o0o
last year.
stocks Of cotton. exclusive Of linters in
manufacturing establishments were placed
q, 100000 bales. against l.s3s.ooo last
year The amount in independent ware
house. was placed at l.S33,0 600. against
100000 last year. These figures con-
firm the report OF the International Fed
.ration OF Splnners. which placed the IN
dicated consumption OF the world at
1880. 900 bales OF American cotton, COM
pared with 1&.e03.ooo last year.
The other bullish feature WAS furnished
by the nr.t weekly weather report OF the
season, which confirmed all that had been
said regarding the lateness OF early farm
ing conditions as result or low tenn
reratures Farm work generally was re-
uorted to be two to three weeks behind
normal and considerable damage was re-
p5r,ed q. n result OF the cold snap Of April
and 10. Neither OF these reports how
ever Unmarried any snap to the trading,
and bears sold freely and forced add
iional liquidation.
The May option was notably weak. Inc
selling OF that month was accompanied
nv repcrts that certain Southern spin
rrrs who had intended to take up cotton
on NAV contracts had abandoned their
or FINAL plans. owing to their ability 10
get cotton in the South on more favor
able basis when freight charges were
considered. 1t looks as " the market
had a fairly large scattered long interest
in May. and some OF the leading spot In
terests are put down as aggressive sellers
Fred. ctions are made that May, which II
row selling ut a premium of IL points
over July. will eventually sell under July
Futures closed steady, TO IL points
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
BONDS
SECURITIES AT AUCTION.


Fnr account or executor
shars; Aetna insurance Company Of Hart
For account q N. L,quiae,inr commi,t-.
uo,;oo sumpwams water works Company.
per cent bonds cue 1928
5000 nara,o ci,, Gas sc c2,npnny a., az mort
80 shares Hyg"ia Distilled water Company
M right title ara in,crc., which Babylon
National Rank, liqu''a'i,g has IN pol
icy No 57s of the Bnnfer- Lifr Insur.
nnce Comrany tnow Niagara Life In
1888: :. judgments aFains, Agsus,g.. G.
,, smith th.o dG,"d pscsmb;r : and . ig,'
So 600 Dover. Rockawav 4 rort Dram Gas
Comparn, 81 New Jersey second NOT
due September Ifgc.
- shares westhpry Terrsce
81 900 Mexican Northern Railway Company
rrst extended per cent gold bonds
$1,000 Cincinnati Northern Railroad Com.
rnny first mortgage per cent bond
SO shares Jamaica Consumers Ice Company
ilii shares tn. Gardner Cru.h.r COMPANY
s.sos shares tho Gardner Crushsr Company
$4,000 shares stewart Mining Company,
80 shares Rker Hegeman Company com
mon cold s,och
$4,000 Utah Northern Railway n-st mort
erge extended per cent bonds. due
1879. indorsed
$4,000 Long Acre Square Theatre compan,
first mortgage per cent instalmsn'
gold bonds, August, 1918, coupons at
tached.
$4,000 Burlington Cedar Rapids and North
ern Railroad per cent bonds, 1884.
2AsbT shares the Brunswtck site COMPANY
/ $50 shares Fidelity Commercial and Trad
ting Company common trust certificates
200 shares Fidelity Commercial and Trad
ing Company preferred trust certificates
ss., NJ Hotel Holding Company first pre-
ferrei stock
soei4 shares Guantanamo and wester,
Railroad rrst preferred trus, cerrin
Gates
6o.L, shares Guantanamo and Western
Railroad common trust certificates
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
PUBLIC UTILITIES.

The United Railway. and Electric Com
pany Reports good increas's Ia earnings for
previous year The company earned 81
per cent. on It's common stock. on whcn
paid Gross Earnings Increased N7S.OOs. or
So PER cent; Win an Increase In operahhnI,s s
s apo h., 81 pr 'e4 The rniic
- operating expense to gross earnings sas
q u r.r cent. ~ compared Win q - In
'sl: The total charge OUT OF income fot
maintenance and depreciation NHs 81. io3.-
"a Taxes and other pubic charges IN
ceased heavily during the year. amounting
debt and j.. in hne physical ana financial
e,,m SsEs Se4 na, on ,bc
mon stock. all resources being applied TO
improvements
Tho report Of earnings o, NE pe'-oi'
United Railways for February shnvs losses
CITY Lines outside ~ 'he city show ~
creased earnings. but these gains 40 mo- on
set ne lover taro on tie ciiy Inc eros.
than In Fehruary. 1918, while gross income
decreased ss-.S.s ana the surrlu. after
charges was 50 COS. decrease OF sf3si>
After long controversy te Minneapolis
Gas COMPANY and the city Of Mime polls
which tho gas comNanv II charge The
city has been contcuding that 20 cents a
thousand was high enough rate while
'he company has demanded 50 cents Tn
compromis" Is f'r AZ average rate NJ
I've voa-s According 80 the new schedule
% ccnts thousand viii hr charged for
'he Hrst I'VE mouths 50 cents thousand
fNr tho reNt twenty -ore ~' tbs art :. cents
FOR the Last thirtv-four months of the period
~ tho end - tho i've NsHrs new adjust
rp,u' - rates will be made The company
claimed that II could Nn. .N..'
with a 20 cent rate. but SO officials NV 'hsf
tho new average rate will provide "A reason q
able return on the property investment.
The K,vs'ors Telephone Company rNr0r's
'o- March gross earnings - SOS $50. az
. Increase - - oTf Operating expenses and
Inc - s-"a1f or tt.osn m0r" ma" frr
March. lol2 Tho surn'us n''"- rN'rs-s '0r
me month was sesSfT ar increase - 50
ieI Fnr tho th-c" months e'icd MAJ u
~ 1oli rrnsS earnings 81 ~" rowDtuv
segregated s7.sftt IN increase - flH.oSi
tNnorttt0r expenses and tAN's "Nr1 nd"i 50 e.
80. and me- earnings WERE fif2 lie gain
= 81 10Y There was a surr'us for ,Nr three
months after charges q fsA7ft IN inrr'Hs ~"
- SCo0 Since 1907 the cowpRuys 70
. ceip's have Increased in every thr," month
norioi without execution The regular semi 4.
. annual dividend " per cent was declared
on the preferred stock yesterday No action
was taken regarding tho payment OF &C
cuinu.atcd dividends
Two Ohio public t''ri'io- Commission hos
authorised the ports'uog'h street. Railway
AVID E'eriri, Light Coirpe0" - 'ssN" f''o
900 capital stock am 500 900 pc- cor,
Nords. tho proceeds - no used IN eVt-n
irr 10 .lNc,-l, liue 80 Iront3r AMI - nov
o sNed - Ne allowed - d's'rlhu'" the $3.50
ONO stock as r. s'ock dlv''eul 80 80 -htr'-
I holders hg' the commission refused tn
sanction n stock dividend.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
BIG BOND BID EXPECTED.
May Onrr High Price for
City's $4,000, 900 Issue.

II was practically assured ycsterdav
that at least one big syndicate would
make hid for all or none ~ tho ss5 .000.-
600 city bond issue 20 he offered to-day.
Good prices are expected and price as
high. II not higher, than the l0li,, the
average price for the a. bond issue OF
March, 1910, Is likely.
held steadily close to 100. The opening
price was Iol lb-i6. They closed at
l0l7s The volume OF trading WAS nearly
the largest OF am day since they APP
pcared ON the curb, 100000 of the bonds
being sold
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
Timid Spectators.

An interesting feature of the New York
city bond sale has been the extremely
light trading In contracts on the curb
market. Usually an issue Of this size
and Importance is preceded by the estsb-
lishmcnt OF big market the curb
where the bonds are dealt In when. 10
and az issued" on the present occasion
sales have been In hundreds where for
merry they were in thousands. There has
been no EFFORT 20 speculate 81 opinions
NJ what the results Will he. The su-rnse
offered is that IN the case OF the state
bond sale last January spectators were
80 badly beaten that they ds,rust theis
opinions
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
TO THE STOCKHOLDERS OF
THE DEI.AW ARE MD III D>u< COMrA<l

Not.,e Is Hegehy gwen tHat the ANNUAL.
MEETING OF the Stockho ders of THE
DELAWARE AND HUDSON COMPANY will
be he.I al the othce OF the Company. No. a.
Nassau street. IA the Borough of Manhattan.
Guy uf New York on TUESDAY. MAY IL.
isli. at twelve q clock noon. Tor the election
Of the Managers Of the corporation for the
cusU!.s year and for such other business as
nay properly come before the meeting.
Thu polls Will open At twelve - clock noon
ani remain open for nj lea>, one hour
The transfer books ~ the company will
be closed from one clock =. Nj, Satup-
day. My . lgli. until the morning Of
Wednesday May "a. l.lt
~ order OF the Board OF Managers
=. ". OIYrHANT.
Secretary.
New YORK Ar-N 1 1874
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
FINANCIAL NOTES.

J stuart Auchincloss has Withdrawn FROM,
y. W Halsey " 90 y Monroa Dyer. who
has been associated with Haisey a co for
more than ten years, has succeeded him as
manager ~ tn" sales department
George ]. Whclan, fodnder Of the United
cigar stores. sails to-day for Europe on a
business trip
~ the annual meeting NJ the Royal In.
demnity Company ~ New York Charles =
FriI,rn was elected "a director To succeed
samuel :. Auchinoloss resigned
Tho Crocker Wheeler Company has do
clsrsd tho usual quarterly dividends Of /,
per cent on III. common stock and ~ peI
cent on tho preferred stock This compsn,
reports excellent business for the past wear
with bright prospects for the year to come
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15

THE VIRGINIA HOT SPRINGS COMPANY
on the s.nd day OF April. 1914. a. IL
calls Jr.. President OF the Company AT %
Cedar street. in the city If New York will
open tenders 10 sell to Il on the lowest terms
such an amount OF its I've per cent. second
mortgage bonds. with coupon M. - and sub
sequen, coupons attached issued under and
secured by the deed Of trust or mortgage
dated the second day Of June. 1909. between
Virginia Hot Springs Company and Henry r
wickhan and Henry Taylor. Jr.. Trustees.
A. the sum Of twenty thousand dollars will
purchase snid sum Of twenty thousand dol.
lars having been set aside - be invested In
the purchase Of said bonds according to the
terms Of the sinking fund provision OF the
sad mortgage.
by order Of the BOARD Of Directors.
MELVILLE T. INGALLS,. JR.
Dated. April \. 1914. President
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
THE PHILADELPHIA MARKET.

PHILApELrHfA. April 1.-THE market
had a weak undertone. There was little
liquidation in home issues and trading
was principally in odd lots. There was
ONE selling OF Cambria Steel. which lost
g. point in sympathy with the drop IN
United States Steel. Philadelphia Electric
and United Gas Improvement were firm
around last nights close. There was scat
tered selling OF traction stocks and Eier-
tire Storage Battery, United States Steel
common was the feature OF arhtrage trad
ing and came out in large volume The
summary