davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
ENGLAND IN GOLD MOVEMENT.
Joins with France In Great Demand
for American Metal.

The engagements OF gold for export
continued yesterday. s4.250. 900 being
taken. OF this amount se50000 was In
gold bars and was engaged by the Ma
tional City Bank for shipment to London
This was the initial engagement OF gold
for England.
Somewhat of a human interest touch
was seen In this engagement OF gold bars
for shipment For several weeks the sup
ply OF gold bars at the Assay Office has
been exhausted and the various banks and
International banking houses have been
'jockeying' for a position to be the first
20 engage bar gold when II was ready.
the point In this being that there Is con-
sderably more profit In the export OF bar
gold than OF gold coin. Yesterday morn
ing when the doors Of the Assay Office
swung open at Z o'clock. representatives
OF the National City Bank were on the
spot and obtained the entire amount OF
bars on hand.
The remaining 81 900 900 was engaged
( by the National City Bank and Lazsrd
/ Freres, each taking 100000. The en-
tire amount will be shipped to Europe on
Saturday. Yesterdays engagements make
/ a total OF s32,250, 900 taken for export on
! the present movement and si6,25O,O0O
since the beginning OF the year.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
DAIRY PRODUCTS MARKET.

BUTrER-Demsnd for storing and cur
rent use was such Yesterday as 10 advance
high grade and VIII score .. points. This
is the most desirable butter made during
the and d, e ,s. in rs S his
use next winter. This applies 10 creamery
butter Dairy butter was easier by ne
Yesterday The undergrades were In fair
demand and the market closed last night
in good condition with prospects OF good
;rad9s all T,ss rFsfsi seconds. asS
.,Ic; thirds, sli4 a2ahe; state dairy
tubs, hnsst SasSn. soGd . to prime n,o sss
Extra sss; : :i@aiSe nrsts 1917 ascHe lower
grades, l7alsnc.; ladies' current make
Ing stock, current make. No. ?. l7dl7hc.;
love- grades. l5aishe .,. n,
Yesterday saw n further advance on fancy.
Undergrsdes were up nc. ana specials IKE
wise. The poorer grade. and full skins
milk. fresh coiorsd and white specials: l5N
alBbc.i colored md white average fancy
BE- s nS..ir nsgtH roGr s 10 ;ar
sue: fun skins or badly defective, = &c.
EGGsmnsst ausli,y wa. %nshnn ,o , ys,,
Ing Of poor quality and 1t - ditneuis to
Forced into oonsumption, by cutting prices
The egg market yes,erday was hrm Win Win
R.Gspt STOCK a' va: va up c ss @
Fresh fath.r.d extras. aaG2.e.; extra
s si,. ~ ei ngs,: s e. gsiT Sss
whites. largs fancy s'% as1i; hs cnISr
w w. g as'' ,sdste; 0 tennessee and other
S' LIVE poULTRy-There wa. an auction
Of three, cars ot Kentucky stock Yesterday,
% q, . Gin and a. 'i issgiFm sa' to to win
r rmsV are a tribe. easier turkey. and duck.
sh not old II 4 sS.a 'sa e" veil 's and ere
dsmsnH for p white L;ESo IT. or9 Sn.s
isSiic.; spring ducks lSdlshc, old
ducks. lac; geese. ii@lss; Guinea fowls
pabisRi E asssH'' Northumberland IS slow
disappointing and unsatisfactory II takes
closely graded, large fowls to bring outside
There was not a heavy supply OF dry packed
fowls aud they were In fair demand Broii'
ers were IN good demand anS about the
young young toms are In demand but not chang
Ing eHT Sns pes SsA Psss ss
Brsiisr. PsiIsdslPsia' isrcy,;. II H. lbs s.ch
ID. it,, saT and over 10 aSws
is@tsnc.: 50 10 AZ lbs, IsaieHc,; unds,
es e.s; n Sstrss w ,Gss iSs
Southern, poor. 1s@isc. Ducks spring Ions
| Island. Isc, old BOOSTERS, II " a ilc SQUADS
Thi,s 10 NJ. to doafn W.s,srn ,0
s as%c. s' Texas ssc'; old hens ssasic. Ole
isS tl ssg''f i, Bo'i s "a e Box % ssr,
s % lbs. to dozen, isSiTc; corn led, Nv q
sss roE sas,n e' I" b.. ''
! 15c.; old BOOSTERS. 13mlsc.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
GOSSIP OF WALL STREET.
"Feelv of the Market.

A notable feature OF this weeks stock
market Is the manner In which II has
failed to register disappointment over
the failure of last Saturdays hopes Of a
rate decision to materialise. 1t Is true
that the news OF the last few days has
been quite favorable, but probably few
people will deny that II was the curiously
sangulne predictions OF decision last
Saturday which served as the initial i'm
pulse for the swift advance that occurred.
The absence Of signs of "hollowness'' in
the market since then is, therefore, notice
abe. II seems to indicate that strong
beliefs are still held that the handing
down OF the decision in the advanced rate
case Is only a matter OF hours. Expert
enced observers say that the FEEL OF the
market Is the best comment on the re-
ncwed advices from sources close to the
commission" that the event will happen
this week. and on Saturday for preference.
II is obvious that little stock IL for sale
at or Just above the present level. A dis
position to make short contracts has been
conspicuousiy lacking. Stocks like Read
Ing, Pennsylvania, Central, Erie. Balti-
more and Union have recovered with sur
prising ease each time they have sold of
In way that suggests nervousness on the
part of the trading "shorts'' In keeping
their position over night In other words
the market acts as II something were
coming.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
UNION PACIFIC TO
USE ONLY SURPLUS
Judge Lovett Replies to Critics
Of Company's Special
Dividend.
PROBLEM FOR DIRECTORS
Baltimore and Ohio Not Wanted
and Distribution Thought
Best.
PROBLEM FOR DIRECTORS

Judge Robert 8. Lovett, chairman Of
rectors. in a telegram replyirt to criti-
cisms of Salt Lake City commercial traf-
fc men in seeking to block the dstribu-
ton OF the Union Pacifc's special divi-
dend. said yesterday that the company
is paying the dividend strictly out OF sur
plus. He asserted that since 1907 the
Union Pacific could have paid more than
per cent OF Its 10 per cent. dividend
out OF Its income from investments alone
without using dollar Of earrings from
Its lines
Having the surplus" Judge Lovctt
said. the question seemed to be whether
we should hold IL when we DO not need
IL and continue control OF the Baltimore
and Ohio. which we do not want sell.
which doubtless would have provoked
criticism. and reinvest in something else
portion of the surplus which belongs
TO them and let them do with It as they
liked
we did not consider an effort TO buy
our own bonds at a large premium, be-
cause II would have been if.defensible and
unjust to our stockholders TO pay to bond
holders a premium to which they were not
entitled and we did not consider a reduc-
tion of our capital stock. because with
more than sufficient to cover the distribu-
ton. II would have been absurd from a
business standpoint, II not impossible
legally. 10 reduce the capital and leave
untouched such surplus
"1f we should not be allowed to make
the distribution. apparently We can only
hold the Baltimore and Ohio stock or
something else into which the investment
should be changed indefinitely. collecting
the dividends thereon and passing the
same on to our stockholders"
Judge Lovett said that talk OF the dis
tributlon imposing burden on the peo-
pie OF Utah or any other place in the
matter OF freight rates Is sheer non.
sense" He replies to the criticism thai
the company has been extravagant ir
Issuing per cent bond convertible into
10 per cent. stock, dollar for dollar. by
saying that the convertible privilege wa:
given In 1901. when the bonds were is.
sued. and only shortly after the road haG
emerged from a receivership.
The company. he said. had only begun
to pay dividends the year before ut 81.
per cent Until 1906 II DID not pay hiyhe,
than ~ pe- cent. and when the converts
BILE privilege expired in 1906 1t was or
an s per cent. stock dividend rate. Tn,
convertible privilege. he said. was there
fore more than normal.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
ton are given In the following


come to the steel trade from several
directions Ia the past week. There have
been orders for l0,700 cars. bringing more
than 100000 tons of plates and shapes
to Pittsburg and Chicago mills: more pipe
line business than in any week In months
and a good increase In bar buying and In
quiry from implement manufacturers
These and other developments are back
of the belief now expressed that the eN-
pected turn has come and that June Will
show n gain in untitled orders after three
months OF steady and large declines.
THE wrought pipe trade has been
keenly following up the Valley Pipe Line
Companys oil line project In California
and under the sharpest competition a
youngstown company has taken the con-
tract for lis miles OF Inch and 81 miles
Of 10 inch pipe. total OF $1,000 tons.
The Ohio Fuel Supply Company has
bought 40 miles OF 10 inch pipe and the
Logan Natural Gas Company miles each
OF IL inch and Is inch pipe for the Mans
field, Ohio. district. Other oil and gas
line projects have been actively in the
market OF late, making the outlook better
than In many months"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
Idle Equipment.

The granting OF higher tariffs to the
railroads may change the outlook radl-
cally. but judging from present condi-
lions on many OF the big trunk lines
II liz hard to see how IL will lead to an
immediate placing OF equipment orders
on a large scale. The Pennsylvania sys-
tenn at the present time has 10000 cars.
900 locomotives and 10000 Idle men on
It's hands. In all some ss5, 100000 worth
of railroad facilities owned by the Penn
sylvania are at the present time not
earning cent. Operations for June so
far have put the system back on the basis
OF business done In 1910. and even be-
hind the same month in 1907. Business
will have 10 pick up a lot before the
Pennsylvania needs more equipment
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
MISCELLANEOUS MARKETS.
Coffee Closes o to IL Points Lower
Raw Sugar IL Firmer.

European selling was partly respon-
sible for a further decline OF to IL
points In coffee prices yesterday. Havre
and Hamburg cables were disappointing
and this. coupled with the heavy primary
movement and decline OF 1-32d. In the
rate of Rio exchange on London served
to limit support. Total sales were $1,000
bags. large proportion of which were
confined to the December and March OPP
lions.
The Havre market opened u franc
lower and closed Y to - franc lower.
Hamburg started unchanged and ended
u to 2. pig. lower. Rio No I was $50
reis lower at $500. At Santos No. was
unchanged at $780, while No. 7 there
was also unchanged At $3.50. Rio and
Santos receipts were $4,000 bags, against
$4,000 bags last year. Sac Paulo had
10, 900, against 5000. and Jundiahy had
5000. against 5000.
New York and New Orleans ware
house deliveries OF Brazilian coffee on
Tuesday We're 1898 bags. aud for the
two days OF the week they totalled 26.16s
hays Prices were.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
THE GRAIN MARKET.
Covering steadies wheat After Fur
ther DecIine-Corn stronr.

Heavy hedge selling OF new wheat low
cred prices further In the early trading.
but the absorptive capacity OF the market
broadened near the close owing TO fair
demand from the shorts. and Anal pri,
were about NC. lower. The prevalence
OF favorable harvesting weather In the
Southwest and perfect conditions in
spring wheat territory strengthened the
confidence of the trade that the promise
OF a 900, 000.0 bushel crop will be full.
filed. Statisticiarfs are figuring on the
extent OF our txportabie surplus on the
basis OF such crop. and some have con-
cluded that we could spare at least $50.
100000 bushels. The cutting area in the
winter wheat belt IL increasing daily and
two cars from Oklahoma were reported
en- route to Kansas City.
Foreign markets were lower. Influenced
partly by improved crop conditions. Ar
gentine weather IL more favorable. and
the Russian crop outlook was frightened
by needed rains Liverpool reported free
bidding by the Continent and prob
ability that II will continue.
Corn was in good demand and prices
had a further moderate advance. Most
OF the buying was due to reports from
Illinois and Missouri that the crop Il
making poor progress owing to dry
weather. Country offerings were light
and cash markets were steady. Liver
nool cables were easier In response TO
favorable weather in Argentina.
The oats market was strong on claims
Of damage from hot weather and lack oil
moisture. Cash business was fairly ac
tive
The Price Current says: Last weeks
rainfall was quite generous over all sec
tons OF the winter wheat and corn belt
with the exception OF the st. Louis dts
trict. which covers the lower two-third'
OF Illinois and the eastern half OF Mis-
souri,. the dry area had couple o.
showers In spots. mostly along the One
River Outside OF this section genera
conditions are excellent for all crops
The winter wheat harvest has extended
northward throughout most OF Oklahoma
and operations will be under way II
southern Kansas this week the promise u
for n record crop. The oat acreage Il
MS expected and the condition about thu
average OF this season. Corn plantinf
Il about being COMPLETED. though In spot
there Is considerable yet 10 do"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
Interborough- M etropolitan.

The marlborough metropolitan d,rec-
tors did not meet yesterday through lack
Of quorum. The meeting was postponed
until Monday. An extra dividend OF
Q per cent. was declared on marlborough
Rapid Transit stock. This compared
with an extra dividend OF . per cent.
last year and an extra dividend OF 8. per
cent. In 1912. The income OF the Inter
borough Metropolitan Company from this
source was S5,426,000 In 1919 and
s4.06s, 900 last year. On June 80. 1919.
the marlborough Metropolitan reported
total surplus after all charges Of
$3b95,O0
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
THE STEEL MARKET.
The United States Steel Corporate

The United States Steel Corporation re-
ports untitled tonnage on its books on
May 81 at 3,ess.l60 tons. n decrease OF
27s,s0S tons, as compared with the figures
Of April so. While the showing was a
little better than looked for, the decrease
was sufficiently large to establish the
lowest point In untitled tonnage since No
vember. 1911.
The decrease for the month Indicated
that new orders were booked at the rate
of about $4,000 tons per day ana thai
shipments were In the neighborhood oil
$4,000 tons daily. Thus far in June or
ders have been coming In on somewhat
larger scale and the present outlook IL
for June statement that win chow Q
very slight decrease in untitled business
Unified tonnage records or the corpora
ton are given In the following table,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
Live stock Market.

WEDN ESDAY, June 10.
Receipts OF beeves were 400 head. incud-
ing 10 cars for the market steers slow and
weak TO Toe. lower; bulls and cows active
sold AT y7a50ss.lO per 100 lbs, bulls s5,5Ol
s725: no choics fat bulls offered; cows,
Ss75asy SO. Dressed beef duh at l2Vl4c.
per ID. for ordinary to choice native sides;
Receipts OF calves were 2,940 head, In
Guiding 2 os2 head for the market; demand
less active but prices stsSdy. Common e
lbs ouils. ,7&ss; buttermilfs. " 20, Dressed
calves were moderately active at i5q u c,
per Id for city dressed veals; country dressed
moderately active at i2Rlsc.
Receipts OF sheep and lambs were 600
head, including 10 cars for the market
Prices nrm on very limited receipts and
everything sold out early. Common to prime
I6s eulls: ':'ISGts;, good to prime lambs;
sL GliLc per ID. Dressed lambs were
Arm AZ ls@ 1870. with a few choice car
casses at l9c,
receipts OF hogs were $50 head. inciud-
ing car for the market. Prices were 1oc.
lower Prime state and Pennsylvania hoGs
rold at $500 per 100 lbs
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
A Weak Argu ment.

Wall Street has received the impression
that the handing down OF the rate decision
cannot be delayed beyond June 20 next,
because the Interstate Commerce Com
mission adJourns on that date. while
there may be other adequate grounds
for present anticipation OF an early de-
clsion there Is nothing much In this par
ticular argument. The commission does
not adjourn In the sense that the Supreme
Court does and there Ia no specified time
for handing down decisions June 20 is
simply the date when public hearings dis
continue for the summer.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
BUSINESS TROUBLES.

THE ENTERPRISE GARMENT COM
PANY.--Charles Katz and Morris CRU
pain. doing business as the Enterprise
Garment Company. marufacturers of
dresses. wrappers and kimonos, at 1897
Greene street, havs made an assignment
TO Samuel Daniels. A petition In bank
creditors. Liabilities are said to be sio-
I. & A., zADEK.--A petition IN bankruptcy
has been filed against 1sidore q. and
Alfred zadek. who compose the 1rm OF
l. & A, Zadek. manufacturers o. womens
hats, at 67s Broadway. Liabilities are
said to be $4,000 and assets $4,000.
MORRIS VIRsHUP. grocer at 1851 southern
boulevard, has made an assignment 10
Alexander Nlrshup.
ROsENER a RoSENBERG.-A petition I'm
bankruptcy has been Med against sam
uel NJ. Rosener and Alexander Roren-
BERG. who compose the Arm OF Rosener
4 Rosenberg. dealers In hardware. at
SOLOMON BLINpER-A petition in bank
ruptcy has been iiled against solomon
binder. liquor dealer OF 205 EldrldEe
street. He made an assignment on May
THE MANHATTAN BRAID COMPANY. 1io
Wooster street. liabilities sii.4i6; assets
cHXRIEs BAyER COMPANY, architectu-
raj iron works 40s Fast l?5th street.
liabilities, ti6,7s7; assets. SIC ss3.
IS West t5th street; liabilities, s2's7oi
assets, Tsss.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
Maximum Temperatures in
Eastern Belt From 100
10 1903 Degrees.
LONG INTEREST NOT LARGE
Humiliation Recently Has Made
Technical Position of
Market Healthy.
Cotton states Weather.

For North Carolina, unsettled to-day.
probably local thunder showers in west por-
lion, local showers Tomorrow; light winds.
mostly southwest.
FOR south Carolina. local showers to-day
and probably tomorrow; lisht winds. mostly
south
For Georgia, local thunder showers to-day
and probably tomorrow; light shifting
winds.
For Alabama and Louisiana. local thunder
showers to.day and tomorrow; light shifting
winds.
For Mississippi. generally fair In north.
local thunder showers in south portion to-
day and probably tomorrow; light shifting
winds.
For eastern Texas fair In south, local
thunder showers in north portion to-day and
probably tomorrow; light to moderate south
Winds
For western Texas, generally fair to-day
end tomorrow, warmer to-day In extreme
west portion.
For Oklahoma. fair and warm to-day and
probably tomorrow.
ror Arkansas. generally fair. continued
warm to-day and probably tomorrow.
After opening few points lower in
response 20 Indifferent cables and ia
yorable weather map cotton yesterday
more showed lNS aDlllty 10 resist
pressure and recovered the early loss,
closing al a net gain OF to S points.
Liverpool recently has shown a dispose
ton to follow declines. but has hesitated
over advanc,s s. Spot transactions have
bten small. and complaints OF curtailmen;
In Lancashire are coming In. Sentiment
In the English market Il rather bearisn
as It Is here, and this sodout condition
probably accounts for tho failure OF the
4.
Although the early weather map mad,
a fairly good showing. with some showers
reported In the Carolinas, Georgia, south
Alabama ana south Mississippi. with fair
weather IN the west. the later news was
not quite 80 encouraging. Extremely
high temperatures, considering the season
u the year, were reported from nearIN
every weather district OF the Eastern belt
The maximum in the Carolinas was abou
lOl grees, IN Georgia l02 and IN Ala
bsma. while the average maximum wa
i0i Decatur. in the northern part OF tn
State. reported los degrees.
This hot wave may not be unprece
dent, d. but IL Is most extraordinary 10
this season OF the year. and the tempera
ture readings look more like the middl'
u August than the FIRST half OF June. Tn
hot weather undoubtedly was responsible
Tor some OF the buying which caused IN
late aiteruoon rise.
Better crop reports are being received
, rom Texas. where the fields are under
going the process of ploughing and cult
yatlon as rapidly as the labor situation
viii permit. Several Texas letters AM
wr,s reported that more favorable ad
vices were being received from the coun
Try and the belief was expressed that will
another week of fair weather spirit o
optimism would prevail
IL, NH, flf mi xyi
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
THE CHICAGO MARKET.

CHICAGO. June l0.-Fluctuations were
very irregular, with trading well distrib-
nt'd, Sears-Roebuck continued strong
ana moderate gains were made in Mont
gomery Ward preferred ana National
Iarha" common. Pressure developed In
booth Fish common, causing three point
decline. The preferred was easier and
moderate losses were recorded In Chi
cngo Railway seconds and Illinois Brick
Bond market unchanged.
The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
as r. Converts"

The new Southern Pacific convertlbles
got back to 1914 after selling nj 10Cas
on Monday. The selling which depressed
the price is now said TO have come from
a single firm which for some reason or
other unloaded a block OF the bonds. The
quick rally suggested that the market
had been improved by the transfer.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11

Sugar-Raw sugar developed firmer
tend, ncy under buying by IL refining In
terest and SPECTATORS the aggregate OF
which was about 10000 bags. The for
mer paid 3,32c. for second half OF June
shipment. and spectators took July
sugar at 3.36c. The refined market con-
tinued unchanged. all rsfners holding
fine granulated at 4.20c.. less the usual
2 per cent. discount for cash.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
AMERICAN CAR AND FOUNDRY co.
COMMON CHPITHE STOCK '

DIVIDEND NO. a.
A dividend Of one half per cent. ~ 81 or
the Common Stock OF this Company has this
day been declared, payable Wednesday, July
!, 1914, to stockholders OF record az the
close OF business Thursday, June II, 1914.
Checks win be mailed by the Guaranty
Trust Company OF New YORK,
5. DE LANO Treasurer.
WIN VI. HAGER Secretary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
AMERICAN CAR AND FOUNDRY co,

PREFERKED CAPITAIl STOCK
DIVIDEND No, o.
dividend Of one and thrCo-quRrters per
cent. uST on the Preferred Stock OF this
Company has this day been declared pay
able Wednesday. July l. 1914, to stock
holders of record at the close OF business
Thursday. June II, 1914.
Checks will be mailed by tho Guaranty
Trust Company OF New York.
$. S DE LANO Treasurer.
WIN VI. HAGER, Secretary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
Totals


wheat-No. Northern at Ninneapo-
lis. s2c. No Northern spring. Z. o. b.,
sl.03h No. 2 red. c. l. Z. export. s3kc. {:
No. hard, I. o. b. to arrive. sl.03h I:
No. / Manitoba, T. o. b.. Sl05t3. Corn
Export. Sl&c.: No. 3 yellow. prompt ship
ment. sac. No . yellow. sSAc. Oats
No. white. +7Q47hc.; No white.
46 q i6nc. standard. 49, a 47c. Barley
Mating C. /. {. Buffalo. 62d zoe. Rye
No. 9 Western. 73lac. FIour-Spring pat
ents. s4,65G s5.25; spring clears. $4,000
s4.O5. Kansas straights, to arrive. s4.25 q
$4.40
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
SYST CONSECUTIVE DIVIDEND
AIARIE a a

So Liberty street New York, June 10, 1914.
The board OF Directors Of this Company
have declared quarterly dividend of
THREE tD PER CENT upon the Capital
Stock, payable Wednesday, July LIST. 1914,
TO stockholders of record Monday. June
PETER HAMILTON, Treasurer.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-11
CURB STOCKS. CLOSING PRICES:
THE PHILADELPHIA MARKET.

PHILADELPHIA. June lO.-Lake Superior
featured yesterdays session on the local
exchange. The stock declined rather
sharply on selling attributed to foreign
holders. Toward the close a fractional
recovery took place under light specula-
tive support The summary: