davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
MONEY AND EXCHANGE.

CALL MONEY opened at per cent;
highest, 2 per cent; lowest l% per cent?
closing. Ia per cent; renewal per cent.
TINE MONEY was dull and shade
easier. Rates 2q2h per cent for sixty
days, 2hQ2l2 per cent for ninety days, 2s4
as per cent for four months, 1884 per
cent for five months and SAq3h per cent
for six months.
MERCANTILE PAPER continued firm.
Rates. 3$a4 per cent for sixty to ninety
days Endorsed bills receivable and for
choice four to six months single names,
and AZ per cent for others
CLEARING HOUSE STATEMENT
Exchanges, $3.50, 146, 4S9; balances, SlS,3i9,-
COS The SuD-Treasury was creditor to
the extent Of SSS.S'2.
sUB-TREASURY.--New York banks
gained from the Sub-Treasury $4,000, and
lost since Friday $3,S11,oOo.
DOMESTIC EXCHANGE.-Bosto par;
Chicago exchange sc discount; st. Louis,
exchange zoe premium bid; Gc premium
asked: San Francisco, exchange 4Oc
Premium; Montreal. exchange 1928 dis
count, unchanged; Minneapolis, exchange
20c premium.
BANK CLEARINGs. 80 Boston, ex-
changes S3g. 293, 679: balances s2273,2SS;
Chicago. exchanges $I2.S6l,Sl5; balances
81. $40 "a Philadelphia, exchanges 5000
024; balances, &,49545 81. Louis, ex-
changes Sl2, $780, balances, N,23l.1So.
of bar silver in New York. JG3sc. a de-
cline of &c. Mexican silver dollars were
quoted at &c, unchanged. In London bar
silver was quoted at 25sd, decline OF
1-l6d.
FOREIGN EXCHANGE.--The market
was again easier. Demand sterling dropped
80 points from Wednesdays closing. Cable
and sight rates: London--Cable, 4SS60n65:
demand. 4Ss25QS0. Paris-Cable. els less
l-6i check, 5l5ss less 1-64. Berlin-Cable,
952s check, 50 5-l6 less i-S4 Switzerland
Gable. 5l5ts: check, 5.ljA less 3-32.
Holland-Cabie 40 5-l6 plus 1892; check.
40 5-l6. Relgium-Cable, 6.1Sb less lis;
check. 5.lS%4, less l-32. Sixty and ninety
day bills: London bankers -Sixty days,
iS615; ninety days, 1875. London (com-
merclaD-Sixty days, 1861; ninety days,
4.S5h. Paris bankers 80 days. 5iss;
ninety days, 519h. Paris commercial
Sixty days, 5iSIh less l-i6; ninety days.
5.13s less Lie. Berlin bankers -Sixty
days. IS; ninety days, 94S4. Berlin (com-
81 9-i6.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
COBAITs
Bank of England Return.

London, June 1S.-The weekly return
Of the Bank of England shows the fol-
lowing changes Total reserve, in
creased. f2,O24.000; circulation, de-
creased, f27s,OOO; bullion, increased
f1,74G.109: other securities, decreased
fl 1893. 900; other deposits increased,
$4,000; public deposits, increased,
f63s. 900; notes reserve. increase. f2.o24'-
900; government securities, unchanged
The proportion Of the banks reserve
10 liability this week is 1925 per cent
against 45.is last week. The rate OF dis
count remains per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
Idle Cars and the Crops.

There is a very large surplus Of idle
cars on the railroads. but history shows
that It is mistake 10 conclude from that
that the carriers will be able to handle
the crops with ease. even IL they reach
the maximum Of expectation. At least
once before a surplus larger than now
exists has been replaced with a shortage
before the beginning of winter. And
there never has been a time when the
crops promised so much as they do now.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
COL. HOTCKIN EXPELLED
Consolidated Exchange Acts
Following the Failure.

The governors of the Consolidated
Stock Exchange yesterday expelled Col.
w. b. Ho'chkin. the board member OF
the failed firm of Stoppani & Hotchkin.
NJ e. De Aguero. president OF the
Exchange. announced the action Of the
board in the following statement:
"W. Il. Hotchkin was to-day expelled
from membership in the exchange on a
charge of obvious fraud or false pre-
tence in that the firm OF Stoppani a
Hotchkin accepted deposits OF money
and securities while In an insoivent
condition"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19

Receipts. $50 head, all for the market
Prices steady Common 10 prime veals sold
at Ssqsl1 per 100 ID. City dressed veals
steady at f4M lie per ID; country dressed
sales-s. Sanders: 90 veals 14s ID aver
age. si1 per 100 ID: culls, 1870 To-, 81.
Tobin & shannon: SO veals, $40 10, Sll;
4 1T5 10. IS; AZ Ohio, 1S0 ID, so 80.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19

Receipts, 1907 pkgs. a lack OF demanc
ca used Increased pressure 10 sell, and de.
cidedly Irregular market. Three sales OF
extras under the call on change az 2Iisc,
the street price being 27is a2sc. with latter
eXtrpine. Creamery. extras. 27ls g2Sc; hrsts'
250 &c: seconds. % a 24c y state dairy, mn
egt 2Gc; good TO prime. 23u23c; process
eNtlas, Il !. q22c: irsts 2OU 2Okc
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
Adams Gets More Contracts.

Announcement was made yesterday that
to the Adams Express Company had been
awarded the express contract to DO busi-
ness over the Pere Marquette Railroad
Company. The contract, which is now
held by the United States Express Com
pany, will become operative on July j..
when that concern goes out Of business.
The Adams Express Company has also
closed contracts with the Peoria a ST
Louis. the Chicago & Milwaukee Electric
RAILWAY. the Southern Indiana and the
Cincinnati, Button a Chicago: the Pere
Marquette contract Is on a OASIS OK W
ner cent OF the total receipts
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
PITTSBURGH STOCKS.
The METAL MARKETS.

CoppER-The local street market was
.,It WITH electrolytlc quoted al 13sulic
md casting 13x G13Sc. standard copper
anu ,bs Metal Exchange was quiet. with spot.
o. Jnn 80 Iulv and August quoted 1887 y ~
"a sTike In London copper closed easy at
tGt lis "a Tor spot aud i62 IS Cd for tut
utg TIN toeally was firm, with spot. june,
r,,iv ana August quoted so.5o93ic; Septsm-
Scr 20 G2A q 1859. and october. 30 iSg
3i.2oc. IN i-ondoh tlh e,os s,,Ss NJ
for spot ana tiSs los o Ios at ,1 . T5as
sc East 81 Louis London lead. flo los.
- 'SpEfTER-oulst: New York spot. 900
AK and East 81 Louis. i0045c. In
yTandon shelter closed at f2i IS.
-HMiddlesboro No 3. Sls 80 n Len Len
don. Local market quie' ana .hnrn ~
seutherrl and si4 5odsi5 for No Northern
and Southern.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
4TH NATL TO LIQUlDATE
T. F. Manville and F. de O
Sullivan. Committee.

Stockholders OF the Fourth National
Bank. at a special meeting yesterday,
ratified a resolut on placing the bank
In liquidation and appointing T. Frank
Manyille and +. de G. Sullivan as the
liouidating committee. Cornelius ~.
Bliss, jr., acted as chairman OF the meet
ing. and d. ]. Rogers, cashier OF the
bank, as secretary.
There were present either in person or
by proxy the holders OF nearly $500
out OF the So,OOo shares. The liquidation
of the bank is a formal step following its
absorption by the Mechanics and Metals
National Bank.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
No Crisis" in Rock Island.

There are as many parties TO the Rock
Island mediation conference as there are
TO the little affair at Niagara Falls. A
casual examination of the Stock Ex-
change trading in Chicago, Rock Island
& Pacific Railway securities yesterday
the debenture IS and the refunding Is
must satisfy anybody, however. that the
Carranzss and Villas and Huertas OF the
ROCK Island world are far from being as
Vide apart as the poles. Now. IL there
were only some speculative interest in
United States and Carranzista and Huer-
usta securities the people at large might
get a very much more definite idea Of
now near an international agreement
really was.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
CASH QUOTATIONS.
GENERAL MARKET REPORTS.
New York, June IS, 1914.
GRAIN.


WHEAT-The pressure OF offerings OF new
crop wheat was Offset to-day by renewal or
export demand, and the market showed
steady tone, closing near the top, with net
gains of 1sp5.c, 1t came to light that during
the last two days exporters had taken large
amount of new crop wheat, sales being est
mated at from 900 to 100000 bushels at
all positions. IL the present prospects are
realized II IS apparent that America Will have
a tremendous exportable surplus this year. one
authority placing the amount at 3oo,WO,OOO
bushels, which would mean enough wheat TO
supply Europe with 100000 bushels every
business day OF the coming year In the local
cash market No 2 hard winter wheat was quot
ed at 9Skc 1 New York; new No red,
9O4c, / July shipment; No Northern Du-
luth, 81 00Z, and No l Northern Manitoba,
81 OF ahoat. CORN-Was influenced
largely by speculative operations. the July
position being under pressure OF liquidation.
The weather was favorable for the new crop,
but December was firm, and final quotations
ranged from isc lower to 1sc higher. No
yellow corn here was quoted at S0I2c,
prompt OATS-Steady and at the close were
i4n%sc net higher. Cash oats steady, with
standard white quoted 46d4Shc; No 2, tS1sU
47c: No g. 45i5d46c: No 4, i5a45Ac; ordinary
clipped. ljhg47Ac fancy clipped 47giShc.
RYE-Steady; No Western, 12c l New
York export. BARLEY-Easier; melting, coz
66C 4 Buffalo.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
Cities Service,

Statement of earnings OF the Cities
Service Company for May shows gross
revenue Of $2S1, 104 and net revenue OF
s272 2S3, an increase OF $l6S,OS2 aid $685.
12l, respectively. Dividend disc Tseldents
on the company's preftrreo sock
amounted 20 S1S6. $50 and Of the .ommon
stock s7S,5l2. Surplus increased 500 TO
81, 722 Gross earnings Tor tnC twelve
months ended May 81 were S.24J.04,
gain OF S1SS9,SSS, while net earnings were
S, 15l, 20, A,Sl6,29 greater than in the pre-
ceding year. The total surplus available
as Of May 81 was s2.G54,J9l. These figures
represent FIVE months on the old basis and
seven months on the new basis after the
Cities Service Company acquired the
Utilities Improvement Company and the
Consolidated Cities Light, Power and
Traction Company. Interest at the rate
Of 9 per cent is now being paid on the
common stock. compared with per cent
paid during the calendar year 1913.
Associated Gas and Electric.
The fourth annual report of the AS
ISOLATED Gas and Electric Company and
it's subsidiary companies for the fiscal
year ended December 81. 1918, shows gross
earnings rom operation OF S774,SlS, and
aftsr deducting operating expenses and
taxes amounting to S549,409 there re-
manned net earnings of &225. 40S. Gross in
come for the year was S279,SN and the
balance available for the Associated Gas
and Electric Company was s1Sl,49i Dur
ing the year directors disposed OF the
company's holdings of securities Of the
Bethlehem Consolidated Gas Company
and received $4,000, face amount OF the
6 per cent cumulative preferred stock of
the Allentown. Bethlehem Gas Company.
An issue of S1,O00,00O collateral trust five
year s per cent notes. maturing July ],
1918, was authorized, S550,000 OF which
were sold for cash to finance the &C
QUESTION of the Kentucky Public Service
Company and for floating Indebtedness,
$4,000 is held in the treasury for future
requirements and the balance is reserved
for issue for 50 per cent of the cost of
extensions and improvements. An eX-
penditure of $50, S23 was made for improve-
ments and betterments to plants Of UNI
DERIVING companies and over $4,000 for
maintenance.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
SUGAR.

Aside from moderate Withdrawals on old
contracts. trading In refined sugar was quiet.
but tho market was firm at 4.30c for fine gran
ulated. Raw declined 1-i6c. The business was
estimated at between 10000 and 200. 200 bags
OF cuba for prompt and June shipment. and
July clearance 2ssc. 1 Z. equal TO 33vc for
Co The total included some sales made late
the previous day. The market closed steady
al 8 zoe for centrifugal, 2.7fc for moasses ana
2.c for Cuba, cost and freight. Ia London
beet sugar was dull and easier. at os "a for
June and july and 0s Sad for August with the
a. slisd Tor August London csbled the visible
supply al g,S5o.0oo tons. against 100000 last
week
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
BRIEF WALL STREET NEWS.

Purchases amounting TO about 5000
snares we're made In this market yester-
cay for foreign account.
directors Of the Shelby Iron Company
nave elected Morris Bush president of the
company succeeding Ward w. Jacobs, re-
signed
me United Gas and Improvement Com
p@"y at special meeting OF gtockhold-
.iS elected Thomas j. Dolan a director
~ an vacancy caused by the death OF
hls father.
a'oeSholderc Of the Cambria Iron Com
c-S nave elected w. H. Bonner and
eO'Se y. Massey directors 70 succeed Ed.
ward T. stotesbury. who resigned and
"'s ia'e George r. Baer
"ss earnings Of the Wheeling e. Lake
.' Nailroad Company for May were
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
Bank of France Return.

Paris, June is.-rhe weekly return
Of the Bank OF France shows the fol-
lowing changes: Gold In hand, in
creased. 5l.262.ooo francs; silver IN
hand. increased. 4.1ss.o0o francs; notes
in circulation, decreased. ss.sss. 900
francs; treasury deposits. increased,
79,sso,ooo francs; general deposits, In
creased. 2.sss.ooo francs: hills dis
counted, increased. 7c.7i5.oco francs: adj
vances, decreased. ii.Ssiooo francs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
Wells. Fargo's Dividend.

What the next dividend on Wells-Fargo
will be is a matter Of considerable specu-
lstion, though the stock is only occa-
sonally active. II is pretty generally
believed that the rate will be reduced
IRON 10 per cent per annum, but there
was a report going around the Exchange
yesterday that the reduction would be
made not to per cent, as was originally
expected, but 10 s per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
PUBLIC UTILITY NOTES.
General News and Earnings OF
Various Corporations.

The Virginia Railway and Power Com
pany reports for May gross earnings
amounting to $ISS,49 S17l67 higher than
in May OF last year. and net earnings OF
S221,67i, an increase of Sl2,624 After pro-
viding for operating charges and eN-
penses there remained a surplus OF w.
$50, a gain OF S3,166 over 1918. For the
eleven months ended May 81, gross reve-
nue. was A.7lL5S7, an increase of S2'4'oSS'
while net revenue increased $l49'Ou to
s., S7S, 454. and surplus after charges was
S971, 900, sSS1O6 higher than in the previous
wear.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
PROVISIONS.

Quiet, but steady. owing to small offerings
and a chow OF firinness in the hog position.
Mess. SCI 25flt92 Is; family. SO
mess me s7a,Is 80; family. :isds20; packet tlsg
SIS: extra India mess, &TG;@, DRESSED
HoGs-steady. iiSdlzkc; pigs. i2Ac, Cut
Picked hams. 1iqirLc. TALLOw- steady;
speciai. 6isc; city. SIC asked; country, ouSssc.
IARD-Steady: Middle West. 10 iSu 10. pc; city.
siLc: refined quiet. South America, ll5c; Con-
tinent. 10 &c: Rrazil kegs. l2.l5c; compound
steady. Shast5c. STEARINE-Steady; oleo'
&c. CITY lard, iiitc.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19

The Chicago, Milwaukee & st. Paul has
ordered ten steel coaches from the Stand
ard Steel Car Company. and two mail,
baggage and express, two passenger and
baggage, three observation, one dining,
four sleeping and seven compartment cars
from the Barney & Smith Car Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
MINING.
BONDS.

n O0O All G & " IS. G4h 64i4 6it @4
20 600 Con Gas cow IS. 115H 1lok n5h ll1k
sEx dividend. fsens cents per share. twhen
issued sOdd lots.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
Fulton Trust Go. Dividend.

The Fulton Trust Company yesterday
declared its forty-fourth consecutive semi
annual dividend, OF per cent, payable
June %.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
MARKETS.

LIVESTOCK MARKETS.
New York, June 49, 1914.
BEEyEs.
Receipts, $50 head. mainly for slaughter
No trading in live cattle. Feeling STEADY
with moderate receipts expected tomorrow
Dressed beef steady at 12q1 for city
dressed native sides.
Receipts. $50 head. all for the market
at Ssqsii per 100 ID. City dressed yesls
steady at 14iE Gl1c per lbi country dressed
Sales. Sanders: 90 veals. 14s ID aver
1' Tobin & shannon; 80 yeats, 40 h. s11;
4. 175 10. IS; AZ Ohio 1so ID, so 90.
SHEEP AND LAMBS.
Receipts, 4.94s head II cars on sale.
Sheep steady; good lambs firm on Hsht
supply other, steady all sold on prom{R gdy
SO 5o@SJ 25 per 100 ID; culls sold at So; fair
TO prime lambs. 50 25qs9 10. Dressed NUT,
ton steady at slsQl1ho per 10; dressed
lai ssIs. 10 sa & CO: 255 Md lambs,
60 10 average. so 10 per 100 10; lS4 Va,
70 ID, 50 7s Va sheep, III 10. So; 40 Nd,
II To III & shannon lss Va lambs, 90 b.,
lis ID, S. %; ij5 Ohio. SO ID. So; IS PENN
i2s h. S.; bucks 1s3 Id, So 30. -
ID. 50 Is; ia. IS 10, 50 80; z, 81 lb: sa25:
7 sheep; 124 10 50 20; Co. l42 d. - o-H
l S SGt, on 70, Co Co.: 2s4 Va lambs. a. lb.
50 10 -; 1So, G2 h. so G5; 2 unshorn yearlinss,
50 h. $s sheep. so h. "a.
HOGS.
Receipts, /. 900 head; nearly all for slaugh-
ter. Feeling steady; no sales reported.
Chicago. Juns MISUNDERSTANDING 81
600; light. IS 05G IS So; heavy. 81 90Gss 80
rough, 81 o0as O5; pigs, 81 1o@s7 So. CAT
TLERsosDtS ssSS r9 0 stocE:rs snS
So 6O9ss 10; calves. s7as1O %. SHEEP
Receipts, 1900; steady; sheep. s. 3ogs6 20;
yearlings. So 309S7 90; lambs, 20 oOgss %;
Kansas City, jane 1s.-HoGS-Receipts,
$500; strong; bulk. IS i5gsS 80; .Siy
IS 32is light, IS log IS 80; pigs, 81 500
S. CATTLE-Receipts, 1000; strong;
prime fed steers, So 6oase: dressed beef,
81 60 a IS so; Southern. S8259$s 4oi cows,
feeders, SO 5oas7 10; bulls. SIS 5ogs7; calves,
$40. SHEEP-Receipts. 400; strong
lambs. IS 75qs9$J 50; yearlings; 50 20@sI 10
81. louis, June 1s.-HOGs-Recelpts,
1900; strong; pigs and lights. So 10qss SO;
mixed and butchers. 81 2og$s 40; good
heavy, s3OQSs 40. CATTLE-Receipts.
1900, STEADY, native OceI SlccIb' ~ SVV
so 20; cows and heifers. $500; stockers
and feeders. $5aS7 Co. Texas and Indian
steers, IS 1908 80; cows and heifers. 81 S0@
Receipts, $500; steady; sheared muttons.
81 1905; sheared lambs sT9ss spring
lambs, $9a$955.
East Buffalo, June 1s.-CATTLE-Re-
ceipts 900; quiet VEALS-Receipts, $50;
slow, S5QSl0 80. HOGS-Receipts $500;
active and steady: heavy and mixed. IS 80;
workers. IS 50qss go; pigs, SO 40Gss so;
rougs, 81 % 81 50; stays, seqS6 10. SHEEP
--Receip:s, 600; active and steady; I'M
changed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
COTTONsEED OIL.

Only moderately active and somewhat IN
settled Refining interests seemed 20 be sell
ing early but late in the session were buying,
ans toward the close the market again rallied
for near months. while new crop positions were
envy and final quotations were Irregular. rang
ing from points higher 10 points net
lower Local contract prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19

Liverpool cables: Spot quiet: sales. 5000
bales; speculation and export 600; American
500. Imports, ZOO; American, l2,vp; nj
upland. TTGl Futures opened steady at i3t0
point higher: closed easy at net decline OF
5IeQ4 points June, lid June-Jqly. I'D
July Aug, 722lkd; Aug sept, 7Wl5d; sept
Oct s.sjkd; Oct Nov 7.76isd; Noy-Dec, 4,t9d'
Dec-Jan 667 Iad: Jan-Feb. 66ld; Feb Asren
6.6sd; March-April and Aprll-Msy, ooyo'
May-June seed June-July $3.50; july
Aug, 6e4d. Manchester: Yarns and clotns
dull
New Orleans. June Is.-After being adversely
inauenced bv liquidation, the cotton market
stcadied on talk from tho Western belt OF
large decrease in acreage. Unlike yester9ay'
tbers wore few July contracts for sale De
cember was the strongest month. The close
,,,as e,eadv al a net loss Of / 70 4 points
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19

The New York Connecting Railroad
Company has made application TO the
New York Stock Exchange TO list $1,000
90 guaranteed az per cent first mortgage
bonds, due 1858.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19

1864 90. a decrease OF s21e,sS3. and net
earnings were sl2s,1H, "A loss of S2S,O6i
Bertrand 1. Taylor has been elected a
member OF the New York Stock Bx-
change
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
NEW YORK PRICES.
INTERIOR RECEIPTS.
sEABOARD CLEARANCEs.
FLOUR AND MEAL,

Flour inactive. business consisting OF scat
tered lots TO MI immediate requirements. Spring
patents, 81 7Og$4 90; winter straights 81 36G
81 30: winter patents, 81 50a$4 So spring
clears 81 l5G$4 80: extra No winter, 50 100
81 25aS4 30; fancy spring patents, 50 40qS6
RYE FLOUR-Quiet Fair to good, ~ 35G
81 80: choice to fancy. So 55Q$3 10. CORN
MEAI1-Steady. Kiln dried, 81 10. BAG
MEAIr--Steady. Fine white and yellow. 81 30
GSi 90; coarse. 81 45Gs1 so. FEED-Western
quiet. Bran, 1Oo-b sacks, s23 90; standard
city steady: bulk $24 80, sacks S28; mddlng,
S27d $50; red dog. S3l. oil meal. S32 50as33.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-06-19
COFFEE,

The market was again quiet, sales Tor the
day aggregating 1890 bags, but while price
changes were narrow, the tone was steady and
final quotations were TO points net higher
There was little more confidence shown both
In Europe and here. This was probably due
10 the fact that negotiations had about been
completed in connection with the placing Of the
Brazilian loan and furthermore by reinsurance
from Europe that no yalorization coffee VIII
be sold this year. Cost and freight offers from
Brazil were steady, Santos Is being quoted
~ sOGt1 SOC, IS at II 25d13c As at i1.70R
1205c IS at II .40di Doc and Rio Is at sOoe
Spot market unchanged. with Rio Is quoted
pAc Local contract prices:
Graham guardian., 1914-08-28
THE CRY OF THE CONVICT

Many millions of names have been
registered in the army of those who
are fighting against the traffic in
intoxicating liquors, but we doubt
if there has been a more impressive
petition than that sent recently to
the State Legislature of Pennsyl-
vania. 1t came from the State Pri-
son and was signed by thousand
convicts-the great majority of the
inmates--who thereby besought the
powers that be to make prohibition
the policy of the State. Most of
these stri pe-Wearers were confined
at hard labor because of crimes
Graham guardian., 1914-08-28
FARM FACTS

Those who till the soil are the
chosen people of God.
Farming is as old as the human
race and is yet in its infancy,
Success is bound to come to the
farmer who plants while he pIows.
No civilization has ever advanced
beyond its agricultural development.
No farmer is successful who thinks
more of his barn than he does of his
home.
The development of the farmer
himself must precede the full de-
velopment of the ground he tills.
The most beautiful fact in the
farmers work is that everything he
plants is a lesson in faith.
The best farmer does not bother
about getting ahead of his neigh
Dor; his great business is to get ahead
of himself.
We must give to the people who
live on the farm the same educa-
tional advantages for their children
as those of the cities enjoy.
The country clergy is an agency
of much potentiality because the
rural life movement is religious as
well as industrial and social.
There should be social and an
industrial survey of every commun-
ity. The pastor, the teacher and
the school and church officials are
they who should make such a survey.
In recent survey of commun-
ity in New England, the average
annual income of l54 farmers who
had common school education was
1929, while the average net income
of 122 farmers of the same locality
with high school education was
1882 annually. This was worth to
each farmer who possessed it 1858
each year.