davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
WEEKLY REVIEWS OF TRADE

Contraction In trade continues, but the
general outlook improves. according 20 the
weekly trade reviews.
Durs says ''Basic conditions are
steadily improving. although considerable
contraction IN general trade continue.
The war has stimulated activity IN GER
tain lines, but tho volume OF distribution
both NJ wholesale and retail Is reduced
"a a result IN large part OF enforced
economies and checked enterprise. the
protrdcted warm weather serves also To
restrict sales. There Is no change in iron
and steel except the better demand for
machine tools on account OF the war. The
dry goods trade II also less active except
IN those special lines which are stinu-
lated by the war consumption. In the
shoe trade the mills are kept very busy
by war contracts The big exports Of
wheat constitute the hes. feature Of the
situation. With declining earnings, which
In the first two weeks OF october were
1913 per cent. LEGS than last year. the po-
sition ~ the railroads Il such that they
are limiting their purchases OF supplies
to the most Immediate necessities. and
their economies affect the whole business
situation. The disiocation OF commerce
and Industry no the result OF war IL still
present yet gratifying progress is made
week 10y week IN that financial rchabl!ta-
Zion which must necessarily precede fun
restoration. The international exchange
situation improves money rates ara easier
and tine coming Of representatives Of the
British EXchequer 90 confer In regard 20
the very large balance which this country
owes abroad Is distinctly encouraging"
Rrddstreet's says; Cross currents IN
trade and finance. domestic and foreign,
give a very Irregular appearance 10 COM
mercia and financial affairs. The war
abroad is stu tho dominating element I'm
tho entire situation. and whatever dulness
or. on tho other hHnd. stimulation, Is
visible, takes its rise apparently in the
hostilit!es In Europe. on tho favorable
side OF tho picture are 10 be found the
rather better tone OF financial matters
caused by International efforts 70 bring
about a resumption Of normal conditions
in the exchange market the cotton export
situation and the reopenlng OF the stock
markets. Money affairs have unques-
tionably shown easing, foreign exchange
rates are tower, commercial paper ls sell
ing more freely and there is "A widening
investment demand for high grade rail-
road bonds. short time notes and city
bonds. on the other hand necessity sell
ing still dominates the operations OF out
side dealings I'm stocks and prices well
below the closing quotations OF July 80
are reported for some stocks"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24

Tie New York Life Insurance Com
pany has gent circular letter through
Its Vice president to tho company's IN
spector5 Of agencies on this continent re-
garding tho effect of The war on business
The letter says in part: Several Of our
representatives have asked for infoI1nn-
ton es TO the effect OF the European war
on our company as whole. Our most
serious loss viii be the Decentralization
OF our agency force and The loss of new
business There will be no serious effect
upon the company from n mortality stand
point Our policies in Russia Japan and
the Balkans contain war clauses that fully
protect tho company against any excessive
mortality which may occur through the
war In England, where our business i'm
recent years has been light. the policies
have been long time In force and are on
q class OF people very few of whom will
be likely 20 20 10 the front. In France.
Austria ard Germany, the remaining
countries where losses IN battle will be
large, We "ill Undoubtedly have some
extra deaths among our pollcyholdere
pnt not IN sufficient numbers 10 exceed
huctuatson IN mortality which frequently
occurs in business Rs large az ours from
one year 10 another All professional
military men IN these countries Insured
with us have paid extra premiums for
their insurance or have received policies
with war clauses, In either case the COM
pany Is amply protected against any eX-
cess mortality. Prior - 1900 all DolIcles
contained a war clause. Policies issued
70 civilians since 1900 in these countries
do not contain a war clause but, as the
lighting force In each country Ia made up
almost entirely OF Young men from the
ages OF Is 20 20 and az the average age
OF our insured Is 40 or over az entry
and our insured are among the upper
commercial classes we have no doubt that
our experience will be similar To that in
other wars, Ike the Russo j Japanese war.
the recent wars IN tho Balkans and South
Africa and tho Spanish American war.
all Of which showed that our excess NOR
tally amounted 70 20 l.tle az 10 bo n
negligible quantity. There is an
other and more serious phase of tho pres.
ent war situation which has a bearing
upon all American financial Institutions
savings banks. national banks. CONNER
clal houses and manufacturing enterprises
az well as life insurance companies that
ir, the depreciation IN securities
Fortunately for the policlholdcrs the ,,e-
curities of the New York Life ut homo
and abroad are In tho best high grade
bonds and loans on real estate While
these securities will he temporarily de-
prec.ated In market vRiuo there is no
reason TO suppose that there will ho a loss
Of single dollar In principal and interest
IRON obligations due us In the long run"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
THE STEEL MARKET.
Railroads Placing orders for Rails
and Cara.

II was announced yesterday that tho
Southern Railway had placed an order
for 400 tons of rails with tho Pennsyl-
Vania steel Company. IL was also re-
ported in St Paul dispatches that the
Northern Pacific Railway had asked for
bids on a considerable number of steel
passenger and baggage cars.
The volume of new steel business contin-
ues very small and sentiment In the trade
Is depressed. Manufacturers are finding II
hard to stimulate demand. oven through
the granting Of wide CONCESSIONS. Sheets
ure one of the weak features, ana con-
Cessions OF as much rs 81 ton are OBJ
tainable IN the middle West
Some idea OF the immediate effects Of
the war upon the German steel trade may
I've obtained from the following report,
taken from n recent issue OF the London
IroHmonDcr:
The Luxembourg correspondent of tho
VoSsichc Zeitunp writes ON September 20
that blast furnace works havo had to
close a great part OF their plant because
they cannot get coke. The Gelsenkirchen
Company still has furnaces in blast IN
EsCh The steel aud rolling mills at the
companys Adolf Emil works are running
moderately. The furnaces have been
dainpcd down. The liurbach-Eich- Dude
liugen worlS are keeping one furnace in
blast In each OF the branches with the
have been blown out. The rolling mills
are idle, but the hands are still kept on
at other work at reduced wages Tho
peutsch- Luxembourg Company at Differ
dngen Is finding work for It's men in the
Same way MI the furnaces of this COM
pany but one are out OF blast, and its
steel and rolling mills nre idle Il was
feared that the works would he damaged
during the bonbnrdment OF Longwy. but
they. as we'll "a the works of tho Ougrec-
Marriage Company Mt Rodingcn, have so
Tar remained intact. The last named
works nre idle. oil the mcn. mostly Bel
CLANS having been dismissed. The Eel
ton -Gulllcaume works az Steintort arc
also closed down.
TN the wire trade q lending wire com.
pany reports that on the outbreak Of wn-
the wire industry ccnsed almost entirely.
Tho worries were obliged 60 close partly,
az 80 many OF the skilled ~orkmen were
called out. No raw material was obtain
able az first owing 20 the shutting down
OF many OF the steel works and because
freight movement wns stopped. Home
business as far a. orders from private
firms are concerned. revived somewhat
after the frst successes OF the German
army. but has now become very dull
again. Most OF the work that ls still
being done II for war contracts.
The Association OF American Foun-
drymen has adoTod q resolution de-
clarinp the necessity OF Increasing thc
prices Of all foundry psodUcts on account
OF the present economic conditions, bu'
leaving IL to the various groups 20 settle
tho Increases In their particular dis
tricts The association has also decided
that no contracts for castings for de-
livery In 1915 shall be made until fur
Their notice. The lower Silesian and
Saxon have already raised their price for
all KINDS of castings 10 per cent. and
the Hcs.e-NaSsau group . per cent"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
THE COFFEE MARKET.
steady Progress In Liquidation Of
Omen Contracts.

Liquidation OF open contracts IN coffee
futures continues to make steady n not
rapid progress through the exchange vol
untary committee, Tho business trans
acted yesterday at the two sessions to-
tailed approximately 10000 bags, about
half of which represented actual liquida-
tion. Prices were steady, the finals be-
ing slightly higher than those OF the pre-
vious day. December sold at 900 and
5e5. closing $50 bid. There We're
switches from December 10 May AT 30
points and December 10 July at 1875 points
May closed at $50, and December at go
The local spot market continued very
quiet, with prices Arm. There was no
change in either Rio - or Santos A.
the former being repeated AZ 8%c. and
the latter at 10i2c.
Few cost and freight offers were re-
celved. owing TO the wide fluctuations IN
tho brazilian exchange market Tho rate
OF Rio exchange on London was reported
I'D lower yesterday. which brings It
down to 1891. BRAZILIAN markets were
unchanged and featureless Rio and San
tos receipts totalled $4,000 bags, ana
the interiors had $4,000 bags
New York and New Orleans warehouse
deliveries for tho first five Gays Of the
week amounted TO 5000 bags, against
$4,000 hays for tho corresponding period
last weeh
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
GOSSIP OF WALL STREET.


II Is clear that the so-Caled gutter
market In New street has risen to pro-
portions where IT no longer depends solely
ON dribbling, sales from few individuals
who have been compelled to convert
securities into cash. If that had been the
cole source OF supply the business done
daily might have been expected to de-
crease instead OF steadily Increasing, as
las been the case. Tho fact il that the
uhofttcial market has been used by many
pt1ple AZ n means of liquidating POSI-
tons In the market which would other
wise have been frozen up, II not during
mo closure OF the exchange at least up
10 the present time. Whatever may be
tatd of the methods OF trading or of the
feliability OF tho prices quoted ~ the
New street market as a measure Of in
trinsic value, Il is plain that the out
side market has afforded relief 90 the
general sttuation. In the last two months
not few spectators VINO had IN
wieldy positions on the long slde of the
market In steel and Copper have autlcl-
nated the action Of tho directors on the
dividends by feliing out. In order 90 do
this they have taken up" their stock
with their broker and then disposed Of II
IN the outside market simply as private
individuals. Not a few leading banks and
trust companies here are also being asked
constantly by out of town customers TO
deliver ON demand securities sold In the
outside market In fact, the source Of
the supply Of stocks ls no mystery to any
one who has taken the slightest trouble
TO investigate.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24

SUPREME COURT. COUNTY or NEW
YoRk-William Crawford. Plaintiff. aga.r.;
John Curcio and others. Defendants
In pursuance OF "A judgment Of foreclosu-s
and sale. duly made and entered H. 'As
above entitled action and bearing date tie
10th day OF October, 1914. /, the unders!gre5.
the referee IN said Judgment named. ~,.,
sell At public auction. at the ExchrrF,
Borough Of Manhattan. city OF New York
on the 18TH day of November. 1914 "a, -
O'Clock noon on that day, By Henry Brad,
Auctioneer, the premises directed by ,a!i
Judgment 20 be sold, and therein described
as follows:
ALL that certain lot. p,ec. or parcel o,
lanl. with the building thereon erected
situate IN tho Borough OF Manhattan C!'v
OF New York. bounded and described as :ol.
lows:
BEGINNING a. n point on tho sou.ne-,y
eide OF East one hundred and Tenth S.r.s.
distant one hundred and twenty nve ,i-.,
rect westerly along the same from the s's.
ner formed by the intersection OF tho so.'.-
orly eide OF one hundred and Tenth Sres,
and the westerly side OF First Avenue. rlr-
ming thence sIutherly. parallel with N,
westerly Side OF First Avenue and pat -
the way through party wall. one hundred
feet eleven inches. 10 the centre line Of m.
block; thence westerly along the said cen'rs
line of the block. twenty five feet; ths
side OF First Avenue one hundred zee.
eleven inches TO the souther'y aide ~ Ta..
one hundred and Tenth Street: thence ra.'
erly along the southerly side OF East on.
hundred and Tenth street, TWENTY-FIVE ..tl
seet. to tho point or place OF beginning
Dated. New York. October H. 1918
- JOHN i. ORYAS. Reter..
BOWERS SANDS. Attorneys for P!a,ntr
- Cedar Street Manhattan. New Y.-s
The following is n diagram o, IN. p.op.
erty 70 Do sold; Its street Numb-r I. 5li
East 10th Street:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
THE SUGAR MARKET.
Less Demand for Decentralization,
Accepted at $50

Yesterday brought 20 4 close the duIlest
week the sugar market has experienced
since the beginning of the war Demand
for refined has fallen off ~ sharply that
refiners have been prompted 10 accept
business at az low as SIC This price
refers TO the Federal Company on out
OF town orders. but all OF the interests
are willing to accept business on the
basis OF 5S0c. Thus the SC quotation is
wholly nominal, and an early announcer
ment OF reduction In tho list price is
looked for.
In the raw sugur market business has
come to an almost complete standstilr ow-
ing to the withdrawal OF reflners. Holders
yesterday offered prompt shipment Cuhas
at ou-y paid price. equal 10 d121sc.
without succeeding IN making sales The
previous days apot quotation was &c
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
Live Stock Market.

n. FRIDAY, October 49,
Receipts OF heeves were Ogs head in
Guiding 70 cars for tho market maklnr
with previous arrivals 20 care on sale
steers opened slow. hut about steadv.
closed dull and lower; bulls ana cows ruled
Mli steady The yards we're not quito
sss'S9 a e. 90 per 100 ibs oxen and stays a.
bull at ts75; COWS At $50 50. Us; an extra
COW or two al s6.5oaS7. city dressed nativs
beer aides weak at l2q Ice. per lb.5
Necelpts ot calves wero 67S head in
Guiding A3s for the market; making win
ths stale etock, bes on safe, Vcais we've
slow ana 2ba3Sc. lower; grassers steady
Common 20 choice veais sold at IS 509
Sl225 per 100 lbs: culis at ys5O1ss,
yearlins hsifsrs u rs Scass Dressed e sS
weak az ita ishe, for city dressod veal
ana l2g Ito. for country dressed.
Nsceipts o. sheep ana lambs were ygss
head Including i6h cars for tho MAKE,
making with tho stale stock I'LL cara on
sale Sheep wero STEADY; heavy ismhs
slow az barely STEADY prices: good m.di,n'
Gomm n.1 e ,cD sqSd sheep swssl sold at $3.50
ealis AZ s:2sassi ordinary 10 choice fsmS.
a. ~ @s6Oi culls at $3.50 Dressed
I mutton ,g, arm at sgiinci dressed lambs slow
Receipts OF hogs were $40 head. all
S.s.' country arsss.d i ho1sy .. s for live
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
The steel Dividend.

The relatively small demand that rs
shown for Steel common stock AZ the
oonspicuouslv low prices now being quotcl
In tho unofficial market IL attributed
moro than anything elsa TO expectations
regarding the meeting Of the directors
10 act on tho quarterly dividend next
week. The current idea Is plainly that
The dividend will be cut So conhdont
do sons Individuals feel on this SCORE
that bets have been offered OF 10 20 l
mt the ratio OF distribution WITH be low
cred. Thens is. howover some diner
ence " opinion ss to the s.zo OF the cut
that will be made A dividend az ths
ratio OF per cent. per annum sesms
TO he ne minimum expectation IN most
quarters, although as low az Der cent
has bsen mentioned. IL Is also GENERALLY
believed that whatever tho cut made
this month, there will bs further re-
duction IN January unless very import
ant developments should occur in the
meantime TO change the whole prospect
FOR business and finance. But whit,
these arc aclnowledced a. the likely
steps, the possibility Of q surprise Is
not overlooked. L Is argued that the
corporation might even decide to nav
the same dividend on the theory that
this nigh' strengthen tire general stock
market situation. But Il IL proper
question whether such action might not
tend 10 Increase liquidation rather than
curtail IL. since Il is common kuowlcdg"
hat tho dividend has not been earned.
II is also held that tho directors may
take tho drastic step Of passing the d!vl-
4eud. such course would have rrcun-
mended Itself t. the Late l.. IT, HART
man, who. according 10 reports criticised
the wisdom ~ hesitation when the cor
poraf'on was IA similar position Tn"
hing - 40 he ' -.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
MONEY AND EXCHANGE.

Call money ruled AZ from 20 pe-
cent
Time money was UNCHANGED az : rer
cent, for most maturit.es, tho range being
~ per cent
Commercial paper wns quiat. WITH -ates
a. from TO 7 per cent
Domestic exchange on New YORK 81
Louis, ioc, premium; Chicago. 2Oc p-e-
MUM Cincinnati. csc. premium MIN
neapols, soc. premium
Nall money in London was ~ ala, per
cent.
Sterling eNchargn was steady. Closing
Quotations We're Demand, 49B cables,
4o5is
Bar silver IN London. 20 I1-lsd.: IN
New York. 1850
New York Clearing House statement
Exchanges sl9G,+72237; balances. s1o-
Nii,G04 Sub-Trcasury debit balance
S1,Ns4
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
More Cars Ids.

The tortnlghtly bulletin Of ;he American
Railway Association shows thar on Octo-
Der 10 there wac, a net surplus OF Idle
cars OF l5l.9S2, an Increase of 2O.95j.
The surplus Ia the largest FOR any year
nj this time since 1905. The remarkable
contrast between the situation now and
that of Year ago IL displayed by the fact
that In 1918 there was net shortage OF
cars Of 6.0iS, W compared with Il net
surplus OF 10.374 fortnight previously.
In other words there Is a largo supply
Of empty cars on hand AZ a time when
the railroads ought normally 10 be find
ing difficulty in supply equipment 10 move
the business. Moreover, tho increase In
the surplus In the past fortnight indi-
Gates rather marked slowing up. An
increase in the class OF equipment ueed
for shipping grain TO market may indicate
that the farmer is holding his produce for
higher prices
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
C0TT0NSEED OIL.

Tho market touched neg. low ero,,ud
Private Southern advicas were 10 the
effect that crudo oil was selling nj oSr.
ana under IN the Southeast, Large ouan-
Tides were said to havn been llauldated
but II was evident that hedge selling
n the local market was not heavy. This
led Ia iutimations OF bear pressure de-
spite tho prevailing lrr basis. Western
interests ana shorts bought on tho de-
elmo, and a better oon Bumiue' trnde
was rapOrt~d
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
THE COPPER MARKET.
More Cheerful Frrling-Producer
Report Greater Ffrmness.

more cheerful feeling prevailed in
copper Circles yesterday and producers
reported that the market showed greater
firmness, due 70 good foreign inquiry
ana "a somewhat better domestic demand.
While there were reports OF sales below
liz cents, leading agencies expressed
the opinion that the market was fast
working back 10 that level and that pros
tenance
Exports are holding up we'll For the
week ended Thursday they totalled
$500 tons, ana since October they
amounted 10 1s.i4p tors. comparing with
2i,073 tons FOR tho corresponding period
last year.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
ELECTIONS AND MEETINGS.
sEABoARD AIR LINE RAILWAY.

NpIlCL OF ANNUAL NEEIIN'I
NOTICE Is HEREBY GIVEN thAt t.o NJ
nual Meeting OF the stockholders ~ ~NA-
BOARD AIR LINE RAILWAY VIII - no !
a. the principal once OF the COMPANY, Re- 'as
NOS sos 5Oe, Petersburg Bonevo,ent M,-5ai 4,
.es Association Building, corner syCH:uo'' lAl
Thhb streets, IN the city Of Petersburg W
Elnia, az twelve o'clock noon on lhf ga
daN OF November. 1914 for the purpo'H -
electing board Of directors ana 'tf -
transaction orany and all business tA,. "'o'
come before the meeting, including ...,
ratlncation Of all contracts, acts ana p79.
ceed!ngs by the board Of directors ID
holders last helt
The stock transfer books will n. '.'s'f
az three o'clock IN the afternoon IN No
yemoer tth. lsl4. and will he reopsnsi -
November lsth. lpif.
u. c. PoRrTous s.cro'.r,'
Dstsd, October 23rd, 1914
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
DAIRY PRODUCTS MARKET.

BUTTER .llaN a cent was tackled on to III,
price OF the highest scoring butter Yesterday
On accom-, OF inc scarcity, OF This line
other grades we're unchanged. Fine butter
continues Arm, anything below nrsts II in
accumulation. n cool weather continues held
butter VIII move more freely. Process de
mand light. Ladies s.eady. Good packing
stock desired. Prices: Creamery. eV'ras. 81
score ~; higher scoring. aga II 29c rrSis
?sg 3lc, Held extras. % score. ale. hrso
q y Q soc. state, dairy, tubs. finest, 3O@
as good to prime 70 q 20: common to
imitation creamery. srsts. 2stq q 24c. Ladies
si p[SG' @%e T' sr AIDES i Fss%.ns
sock held. fine. 81 ?iiac.; No .. COG
2o'ac'. lower grades, lSIl9i4c.
IHEESE Trade continued quiet with q
fancy lines aye hold frrn. Skime unchanget
Prices follow; state, whole milk. fresh,
coiored and white. average fancy. i4is e
uniererades. II ~ lii4c; Wisconsin daisies.
skins. hcld specials, Ieia d isc; fresh. i2a
i2Hc; poor 10 fair a Toe.
EGGS Medium and low grades are In mod
crate demand. with poor lines slow. Pine
grades firm. Storage movement rather lin
!tcd: Nearby eggs In light supply with me
quality scarce Mixed lines are Irregular.
extra nrsts. 30 sac; nrsts. 27d 2sc; sec.
onds, 94U?ec. dirties. No. /. ala sec: No.
charles paid. 2tc,; seconds. :2i. 8e@i &c,
Pennsylvania and nearby hennery whites
thHGy large, 12p Doc; hcnnery browns, 80 ~
3sc.. mixed colors. IS q Roe
LIVE POULTRN--A further weakness oc.
CURED yesterday. with tne market closing IN
unsatisfactory condition. with receipts OF
l6 cars Western. one car Southwestern ana
one car southern By freight the market was
unable to clean up, and about - cars are
Oh track All lines are dulI. with roosters
and ducks particularly so. Prices: chickens
ia l+c.; fowls, ~ q l+c. old ROSTERS, 10
turkeys, mixed. hens and toms, ia Isc
Ducks, 1874 Il lsc., geese. Western ana south
ern, old. lac. Guineas, sec Pigeons zee
DRESSED POULTRY. priced
poultry has been rather dull. but cheap
grades have been well taken. Old rootsers
In light supply, and nrm. Nearby spring
ducks moved slowly. but choice are iirIn
SQUADS slow. Frozen turkeys neglected With
the market weak. Frozen chickens no:
wanted. Prices follow: Turkeys. Iced i5.
-; Western milk fed. rs ana - Ne
Il TO box, % n zee; corn fed, ia lqr .
Chickens Western, milk fed, lbs and
over, lsc.; mixed weights. lie: Philudo'-
phla, FANCY, lbs each, CSC 25c. broilers,
10 q 20c.; Michigan scalded. 4 lbs and over
lie. Fowls, /: to box. Western. 80 lbs
and over to dozen, gee. Western dry
picked, . ne. and over. isc.: old rooster
l31C.; Long Island ducks lsIApl7c
squads, prime white, 10 lbs to dozen. $40:
suineas. lbs. and over. Is d SOC. Frozen
turkeys, Western. selected, Young hens and
toms 2iH 22c.; dry picked. average, is q 1Sc.