davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
GRAIN DEALS MIXED
Chicago Firm, Easy with Wheat
Shorts, Punched in Corn.

Chicago, May 29-There was an I'M
usual development in the closing Of wheat
and corn deals on the Board OF Trade
here to-day. one firm, which had prac-
tical control of the May option in wheat,
let shorts down on the most favorable
terms, but were themselves caught short
of corn. and were squeezed more than
three cents bushel to meet their com
mitments Opinions were divided as to
whether il was generosity or caution that
averted squeeze on May wheat The
idea that caution was at least partly re-
sponsble came from announcements that
the government had undertaken an in
vestigation of recent transactions in May
wheat and that any evidence of a cor
ner" might result in severe legal penal
ties. As this was the final day for de-
liveries on May contracts and as most OF
the available supply here was in the
hands of one concern. 1t was by no means
certain in advance. however, that prices
would not make an exciting jump.
What actually happened was that tie
chief owners OF wheat supplied May OPP
tons freely to all bidders. and also ac-
cepted as valid delivery wheat on track
here, although trade rules require that
grain offered on contracts shall be in store
in public elevators. There was thus no
exciting finish In wheat although the
price, despite fattering reports from the
government as to the crop outlook, was
about seven cents higher than year ago.
Buying OF a million bushels OF May
corn by the principal short. the firm m
control OF wheat. but which had ruled
there with unooked-for restraint. sent
corn prices for May whirling upword ga
cents at the end OF the day. The bulk OK
the buying. however, was not at the ex-
IRENE advance, and the net losses. II any,
therefore, on the main shortage In corn
were not such as would have attracted at
tention, but for the fact In this case that
the shoe was on the other foot.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
Williams Wants TO Know.

The indefatigable John SHELTON Will
Jams now wants to know some more
about the national banks, and apparently
II makes no difference to his department
whether the collecting of the desired m
formation is going 10 cost much or little,
since not the government but the barons
in their walled castles. or whatever 1t
was he called the bankers, will have TO
pay the score This time he has asked
for an exhaustive daily statement of all
items passing through their institutions
in June. lie wants TO know about every
thing. from big to little, and to make
certain that he is getting accurate in
formation he insists that president or
a cashier shall swear 10 1t. Ingenuity has
been strained to leave nothing unde-
manded. Some of them say that 1t is
practical impossibility for them to give
the information desired. that II will upset
all their carefully worked out systems
for doing business efficiently and within
the limits of a twenty-four-ho day. But
the Controller of the Currency wants the
information, and so it will have TO be
given, cost what it Will.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30

Aggregate reserve deposits, $3.50, c76 800;
increase. s6,45l. 100. Percentage Of legal re-
serve. "a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
Extending of Deposit Time
for "Mop" Notes Not
a Surprise.
COMPANY NOW IN A
STRONGER POSITION
Wall Street Refuses to Believe
That a Receivership May
Be Imminent.

IL was after the close OF the stock
market that the directors of the Missouri
Pacific met in solemn conclave TO deter
mine whether or not a sufficient number
OF notes had been deposited to make the
extension agreement operative; and few
traders had the curiosity 10 remain with
i'm reach of the news ticker and find out
what had happened. They foresaw the
end Of the act. il not Of the play, and
they foresaw IL accurately, for though
but 50 per cent of the notes. which is not
all" nor substantially ALL" had been
deposited. the directors did not conclude.
regretfully or otherwise, that the extern
sion plan was not successful. Instead
they stretched the time for deposits over
until Monday afternoon. II the plan
does not so through-there is the word
Of the Missouri Pacific people for it
there will be a default and probably a
receivershp; but Wall Street, with Gu
rious perverseness, persists in regarding
the threatened tragedy as comedy. II
admits that a receivership for Missouri
Pacific would be a calamity, but IL re-
fuses 10 believe that there will be re-
ceivership. What is generally concluded
is that IL Monday night should still find
some millions in notes without the fold
the company would discover all the little
details in the note indenture that make
for further delay. il takes % per cent
OF the notes TO compel a sale Of the
collateral, in the absence of any other
action, and there are no longer % per
cent outstanding.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
SECOND NEW ORDER
BOTHERS THE BANKS
Treasury Department Requires a
Daily Record of All
Transactions.

The feeling aroused among the ma
tional banks of this city over the recent
ruling of the Treasury Department con-
corning expressage charges on national
bank notes sent 10 Washington for re-
demption was further intensified yester-
day by the receipt Of another communi-
cation from John Shelton Williams re-
questing an exhaustive daily statement of
all items passing through the banks for
the month of June. which statement must
be sworn TO by the president or
cashier of each institution. The in
formation desired comprises every detail
of the banks transactions through the
mails. the source of checks by states,
the form in which the remittances are
made. on what points drawn, etc. IN
addition, what amounts to a daily state
ment of condition must also be furnished
Compliance with the Treasury Depart
ments order, say the banks, will be
almost a physical impossibility in view
of the vast amount of duplication work
which would follow. Especially is this
the case with the big banks with large
number Of out-of-town correspondents.
What is disconcerting the bankers most
is the fact that the order from the Con-
troller of the Currency was received only
Yesterday and must go into effect on
Monday.
Mr.. Williams, in his letter to the banks.
gave the following reason for his most
recent order:
These deta are desired primarily for
the benefit Of the twelve regional reserve
banks now in process of organization in
their respective districts. To compile and
furnish this information will throw some
additional work on your clerical force,
but II is not believed that this work VIII
be heavy or burdensome on those banks
where the most approved system Of ac-
counting and most modern methods are
now In operation"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
CONFIDENCE GROWING
So Mercantile Agencies Report
Buying Improves.

Commercial agencies report better
movement of seasonable goods both at
wholesale and retail as result OF the
warmer weather and confidence is said
TO be gaining ground The building trade
still lags. however, and collections wnlie
improved at some centres, are a source
of complaint.
"Duns Review" will say
"The movement of seasonable goods
both at wholesale and retail, shows an en-
couraging increase and most reports In
dictate that confidence is steadily gaming
strength. Commercial failures this week
in the United States are 3e2. against Sos
last week and 223 the corresponding week
last year"
''Bradstreets" has the following:
Good weather, except in parts OF the
South and Southwest; continued active
retail demand for spring and summer
wearing apparel and improved demand
from iobbers and wholesalers for COTTON
and other dress fabrics. constitute the
distinctively favorable features OF the
weeks trade report. Improved demand
for labor to harvest the expected large
crop of wheat and predictions that the
railroads will have the largest business IN
their history next fall are other stimulat-
ing elements.
on the reverse side of the picture the
building trade shows little life. and the
coal trade is dull despite the resumption
of many mines. Collections show I'M
movement in some sections, but are sun
a subject of complaint in various centres.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30

Members of the Consolidated Stock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
COTTON LOWER
AND UNSETTLED
Heavy Selling at the Start, With
a Partial Recovery Near
the Close.

The cotton market was unsettled yeeter.
day as result OF heavy rea!isinS. buf
closed steady. at a net decline Of q
IS points. At times there appeared - b.
great deal OF cotton for sale. buf
offerings were well taken after IN open.
ing break. and last prices showed ra1lioe
of a few points from the lowest. o. cover
ing by recent sellers for q reaction, ano
fresh buying inspired by the continued
bad weather news from the Southwest
There was heavy Liverpool selling early
and cables were weak. The local market
opened steady at decline Of % points
on June and to Is points on other posi-
tons under heavy Southern and local
realizing as well as foreign offerings.
May quickly rallied from the opening de-
cline to about Thursdays closing price.
and went out at midday still holding .
premium Of more than 100 points over
July. Other months. however, remained
unsettled, and at one time ruled
about Is to 20 points net lower. Reports
that it was raining over most Of Texas
seemed to inspire buying on the decline
and the final rally OF to s points from
the lowest. The local market viii BE-
closed to-day. and Liverpool will not
open until Tuesday, but New Orleans will
be opened to-day. as usual. southern
spot markets were unchanged to &c
higher. but the local market declined Is
points to l3.75c for middling upland; no
sales; delivered on contract, 1900 bales.
Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
Canadian Shares Steady.

The most striking news Of the day the
sinking of the Canadian Pacifc's Empress
of Ireland, had comparatively little infu-
ence on the stock market Canadian IA
ciec shares in London fell off somewhat
and there was some selling here for Euro
,esn account, but the net loss OF cana
dian in this market was only point-not
a great decline for so high priced an
issue. II is possible that the reports OF
the great loss Of life and the sinking OF
the vessel were not credited In London
i'm time 10 find fun reflection in the mar
ket When the Titanic went down It Wa
many hours before any real Ices c, wa
had happened became known, and there
were a number of contradictory rumors.
II that is the case there may be some
selling Of Canadian here on Monday since
neither the New York nor the London
market will be open to-day, and Lonoon
will be closed on Monday Oh account OF
the Whitsunt!de holiday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
AVERAGE STATEMENT

Banks-t'ash reserve IN vault, SISs, Dol, VU
Trust companies-Cash reserve in vault, w.
cess. SIS 052 $50; Increase. 1921. $50 Trust COM
panies' reserve with Tearing House members
carrying IS per cent ash reserve. s96,2ll,oOo.
SUMMARY OF STATE RANKS AND TRUST
COMPANIES IN GREATER NEW YORK
NOT INCLUDED IN CLEARING HOUSE
STATEMENT.
Figures furnished ny state Banking Depart
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
Canada Gets Gold.

Gold has gone TO Canada again, as was
20 have been expected from exchange
rates on Montreal and the price Of money
here. There was not other than a mar
ket reason assigned yesterday for the
shipment of $4,000 from here, but this
is the season when agricultural needs be-
Gin TO be important. Likewise it is
time for window dressing. From now on
it is to be expected that there will be
drawing Of gold from New York by
Canada as well as by Europe. Canada
currency expands with the country's ousi-
ness. After a certain level of notes has
been reached. all extra notes have TO De
secured. dollar for dollar, by gold In the
course Of time this gold is released again
by the contraction of the currency and
then much Of it will return TO the United
States, as il always has.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
PHILADELPHIA WOOL MARKET.
fBy Telegraph to The Tribune. ]


Philadelphia May 29.-The local wool mar
ket has shown a much flrmer tone during the
week on the strength of advancing prices In
the West. which dealers claim is the top notch
In the price MAKEUP. Dealers are In better
positlor than they have been for some time
as the worsted mills are in need OF material
now. Buyers are only taking enough for their
immediate needs and no large quantities nave
been moved during the week. Fine noiis con
,inue strong and are being taken for export
Indications point 10 an attempt by toreish
traders to capture a large part OF THIS cou"-
try's business but imports are OF an unSno"h
quantity in the future trading. Quotations
are: Y. Mich and Ind, fine delaine. IN
washed. 22q2sc: fine. medium. 24a-Sc' me-
dium. ei5a25c low, medium. ai5a25lsc; braid
and low combing 2OG2ic; bury, seedy ana
cotted 1890. Ohio. Penn and W Va. hne
delsine. washed. 27Gssc; Xxx and above go
&c: fine. medium. 27g2Sc; low, medium. 26g
&c; understandable. 24a?5c; or XXX, go
.4c: fine delaine. unwashed. 2?12Sc; X or XN
ga &c; fine. medium. 2ii7n2Sc medium, "a
s5iac. low, medium, 2i5sq -Snc. braid ana
low combing, Tqe-c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
PRICE MOVEMENT
in COMMODITIES
Corn Shorts Squeezed
Wheat LOWer-OatS IT.
regular-Coffee Up.

The feature OF yesterdays local grain
markets was the jump Of az cents in the
May position in corn, incident to closing
trades in the option. Other months were
practically unchanged. Wheat traders
settled their differences without disturb
ing the market. price changes were mar
row, and the net loss for the day was 14g
&c. Oats lost llsc in tho finishing up OF
May dealings, other months being either
unchanged or slightly above the previous
close.
There was continuation Of the i'm
proved conditions in the coffee market
business was a little larger, and prices
advanced 4 to points net for the day.
with dealers exhibiting considerable con-
fdence.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
DIVIDENDS DECLARED.

sAnd IL extra. t2isSs
2nco. tAnd 515 extra.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
FURRY IN CHICAGO CORN
Wheat Shorts Let Down Easy
Oats and Provisions Lower.

Chicago, May 29.-Instead of short
sellers OF wheat being subjected TO
squeeze, which had been predicted to-day
in the settlements at the end Of the crop
year. the big firm that was in position
to twist prices upward went 10 unusual
lengths In easing difficulties for dealers,
and was itself caught short in corn. The
real furry was in corn. which closed for
MAY at an advance of SIC. compared with
last night, but otherwise was virtually
unchanged. Wheat finished sc to sc net
lower, oats li2c down to i.c up and pro-
visions l0c of TO a shade advance.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
May Corn in a Furry.

Like May wheat on Thursday. May
corn yesterday had a spectacular upturn
TO end the month. After having sold as
low as 7O1s cents a bushel 1t reached 70
cents about twenty minutes before the
close of the market in Chicago and then
in the final dealings ran up TO "A cents.
At that price May was 81. cents above
July and 1Gls cents above December.
oats, however. in which there is some-
times considerable speculative interest
actually closed lower than it opened.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
PUBLIC UTILITY NOTES.
General News and Earnings of
Various Corporations.

The report of the Wisconsin Edison
Company, controlled by the North Amer
lean Company. shows gross operating
revenue for the four months ended April
80 of SSS9,476, gain of 5.5S per cent over
the same period of last year. Operating
expenses increased sos per cent. to S.
O@'46l. and net income totalled S32S, 1872, an
increase of $50 per cent. For the twelve
months ended April 30 gross earnings
were &,6iI914. 6.S3 per cent greater than
in 1913, while net earnings made gain
Of Gil per cent Operating expenses for
the four months include s2S7,92 reserved
for depreciation an increase of 2S.49 per
cent, and for the twelve months 1851 81,
a gain of 1853 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
THE METAL MARKETS.

COPPER-The local street market for copper
was quet with electrolytic quoted at 14kc
and casting at l4dl4isc. standard copper on
the Metal Exchange was quiet with spot June,
copper -'osed easy at fe3 for SPOT and 1873 lis
80 for futures
TIN-Unsettled. with spot and June quoted
3id}l soc: July 81 2Jg3l. 75c; August and Sep
TENDER 81 5Oa3l s7isc. In London tin closed
weak al fl43 for spot and fii5 for futures.
LEAD-Quiet: New York spot. 3 sJG g. 95c
East st. Louis 5.sJq3. s5c. In London lead
closed at fi9 - Sd
sPELTER-Quiet New York spot $3.50
5i5c; East St Louis. 4o095c. In London
spelter closed AT f2l los.
IRON-Middlesboro No 8. Sis 81 in London.
Local iron market steady az SIS 25aSl5 rs for
No l foundry Northern. SIS a SIS so for No 2
Northern. Sl4 1855 % for No / Southern and
si4 6OGsl5 for No Southern.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
Byllesby Properties.

The report Of Byllesby electric proper
ties for the week ended May 10 showed
net connected load gains of 27 customers,
with $50 kiowatts lighting capacity and
3l5 horsepower in motors. New business
contracted for but not yet connected in
Guided $40 customers. with 52S howatts
lighting capacity and 7S9 horsepower In
motors. An increase OF 6.S per cent was
shown in output for the week. and the
artificial gas output showed gain Of go
per cent over the same week last year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
Standard Gas and Electric.

The Standard Gas and Electric Com
pany will deposit S5l,5oO in sinking fund
account with the Philadelphia Trust Safe
Deposit and Insurance Company to pur-
chase bonds of the company, in accord
ance with terms contained in the trust
deed. The directors have recently de-
clared the regular quarterly dividend OF
per cent on the preferred stock, pay
able in scrip on June 10 to shareholders
Of record May 20
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30

Weekly movement figures OF the Cotton Ex-
change Port receipts, 61.977 bales. aeeinee
70.3s6 last year; overland TO mills and Can
ada, 10. 721, against 1892 last year; southern
mill takings estimated 10000 against 100
last year: loss OF stocks at interior towns. M
O32, against 2s, SOB last year brought Into
sight for the week. 80. 666. against s5.<7 last
year. Total crop movements: Port rece1pes
10 OS7 49, against 1855. 113 las. year: overland
to mills and Canada, .0e2. 400, against Do
O95 last season. Southern mill takinge. zIU-
600. against 3 $50. 900 last year; stock - IN
terror towns in excess OF September i, lol.oIO
against 213,63i last year brought into msnt
thus far for season, l4.o4l,l95, against 1874
$50 last season.
Liverpool cables: spo, quiet; sales 1900
bales speculation and export, 500; AMERICAN
5000 The total includes 200 mads late yes
terday Imports. 10000. all American. MARKET
opened steady. TO points lover; closed
steady, at a net decline OF ia to 3 points
June T. 32d; June-July. lid July-Au9usf,
7.14iad: August-September, 7O2d; septemner-
October, ss2iad: October November. 8. 13d: No
vember- December. 666,.d; December-Janussy
and January-February, 66hd; February.
March. 6.65d Msrch-April, April May and
May-June. coed. Manchester: yarns ana
cloths firm.
New Orleans. May 2e-Liquidation Of longs
to-day in the cotton market kept prices below
Yesterdays close. Al the lowest they were
iOdl5 points down. The close was steady
a, n net decltue OF edIO potuts.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
Cotton Brokers Suspended.

Leon Moyse and Robert II. Holmes
members OF the New York Cotton Elk
change firm Of Moyse & Holmes. No. rs
Beaver St, were suspended yesterda5
for one day from the privileges OF the
exchange for violation OF the commis-
sion law rule.
The members OF the firm explained
that their suspension did not and was
not INTENDED to deprive them OF any
other privileges as members of tho ex-
change, even for the day. 4
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
Venner Bobs up Again.

e. II. Venner has had his day in court
many and many time, so that II was
entirely without surprise that Wall Street
read yesterday Senator Norris's admis-
sion that the Venner firm originated the
plan Of investigating the New York Cen
trail. 1t read without surprise but not
without wearsome recollection Of Ven
ner's career as a critic of corporation
financing. nor without recalling the in
spring geniuses of half a dozen other in
vestigations conducted in the past year or
so by Congressional committees.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
BANK STATEMENT
SHOWS CASH LOSS
Surplus Reserve Reduced by
About $4,000, 000-Loans and
Deposits Shrink.

The actual Clearing House statement
showed a decrease in cash of a'SSi,cW'
The surplus decreased sl.97l,65o to AS'-
9s4. 200. DEPOSITS decreased slo,oOS.coo and
loans decreased s3,79l.eoo. Cash decreased
s., 4440oo in the average statement, anu
the surplus reserve increased Ssl,0'o 10
SIS O52. $50. Loans decreased S'6'S'wo ana
deposits SIC, $1,000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
CITY Stock Printing Let.

The contract for engraving and prlnIIng
the 1850 certificates required for the
issue Of s65,OOo,OoO in corporate stock sold
in April was let yesterday 10 the Hamil-
ton Bank Note Company. Its bid, slslVo'
was the lower.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30

Refined was firm, with all rehners holdini
al zoe for fine granulated In raw sugai
trading was comparatively light the Onli
sale reported being a lot OF l00o0 bags o
Cubas. for prompt clearance to the Federal
at the old quotation OF 2Sc. c (. equal q
39c for centrifugal. 90 test. The merke
closed steady at $500 for centrifugal. PA
for molasses. and 2Ac for Cubas cost an'
freight In London. beet sugar was steadl
at 9s Iisd for May and June and 9s Cd 10
August. with the curb at 0s O. d for Ma
and June and 9s SID for August. Willet
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30

& Gray report the total stock OF Europs
and America as 3.612 AGO tons. against
4 asa 900 tons last year at the same uneven
dates. The Increase OF stock is f0s.Ivi tons
against an increase Of 1850 tons last week.
Total stocks and afoats together snow .
3.s14.G69 last year. or an increase OF o-''si
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30

Exchange at meeting yesterday APP
pointed committee Of Ave to confer with
similar committee already authorized
by the New York Produce Exchange for
the purpose OF discussing subjects OF
mutual interest TO the two exchanges.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30
PROVISIONS.

Hog products moderately active and prices
we're lower, owing 60 fairly liberal receipts
and lower prices in the hog market PORK
steady; mess sg2as22 30: family. S23gs26: short
clear. $40 5OaS2l. BEEF-Quiet: mess. s.g
SIS 20: family. sl9aS20; packet. slSaSl9; extra
Steady: bacon. llAd12tc; pigs, l2s,c. CUT
MEArs-Pickled bellies dull: l2aqltt; picked
hams quiet: 1ic. TALLOW-Quiet; special
es,c: city 6tc: country. 6d64c. LARD
Quiet. middle West 97Oas.75c; city steady
siac: refined barely steady; South America.
ll05c; continent. 1000: Brazil kegs, lZo1c'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30

The Delaware. Lackawanna & Western
Railroad has placed an order for 400
freight cars with the American Car and
Foundry Company and for $50 with the
Cambria Steel Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-30

Managers OF the New York Cotton Ex-
change have reinstated Madison Foster.
of Memphis. Tenn, to membership in the
exchange