davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-07

practically the only vacant land when
has not been turned over TO dwelling,
apartment and store construction.
Another most promising point In favor
OF the Fleet property" continued Mr..
johnson, rs the fact that II has not
ben worked by land spectators. When
contracts for the Fourth avenue sub
way were let the real estate market was
at It's lowest ebb, which result was
brought about. not by investment III
high grade property. but by wildcat
speculation in iracce, 8 BILE, sparsely set
tied sections. Well located lots were
fortunate under the circumstances In main
tanning their own. As the future has not
been as yet discounted along the route
OF the Fourth avenue subway these Fleet
estate lots should form a most attrac-
tive investment. especially since they lie
equidistane from the City Hall with
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-07
LAST CALL AT EDGEMERE.
sale on Saturday. June 20, VIII he
Last Auction There.

Real estate history " likely to be made
on saturday, June 20. when Bryan 4.
Kennedy offers at the last sale of Edge
mere lots 1874 lois and five cottages. the
property or the Lancaster-Sea Beach I'm
provement Company, who announce that
this is positively the last OF their holdings
that Will be turned over to the buying
public at auction prices.
WHAT the last CALI on Edgemere lots
means Is fully appreciated by those who
have bought at former sales, for In no
part OF the city have auction investors
had such excellent returns on Their in
Nestments as along the Rockaway coast.
during the last ten years there has been
steady pushing out of population toward
tAe limits of the city formed by the sea-
shore. With highly satisfactory transit
service the whole Rockaway shore has
been turned from summer amusemen nj
place INTO a closely settled all year resi-
dence district. At Far Rockaway. Edge
mere, Arverne, Seaside and Belle HarSor.
places right on the ocean, land has prac-
tically been sold out in small plots to
builders and Investors. According to the
figures of the Queens Bureau OF Build
ings this section Is growing faster than
ANY other part OF New York city.
Edgemere. in common with other places
along the Rockaway coast, has one de-
Cided advantage for investors. Any one
putting W a house on property there is
assured OF an income from that house II
he desires il, which not only will pay all
carrying charges but will show Il sub
stantial balance left over Hundreds of
owners down there occupy their houses
during nine months OF the year and leo sc
them during the three summer months at
high rates. Reports in the daily papers
~ this season OF summer rentals on the
RoCkawuy shOr, Indicate that tenants are
no d al FIR "a Il blA hpuSRS
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-07

which have been restricted TO high class
dwellings.
IN ms decision Justice Kelly directed
Mrs. Othilda Eierman to remove at once
nine two story fiat rooted houses which
she has erected at Forest Park East.
The houses were erected on land pur-
chased In 1906. and In the deeds was the
restriction that all houses erected on the
property should be detached buildings on
forty foot plots. and should conform to
a certain type OF architecture.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-07
~ BROOKLYN APARTMENTS.
Dwellings and Other BuiidinEs
Make Total Planned Cost s2,e54,OOO

Make TOtaI f1anned Cost tx,Bo4,VOO
The growth OF the Borough OF Brook
Ign Is remarkable. After four weeks.
during each OF which the estimated cost
of new buildings was more than III 100000,
plans were filed with the Building Bureau
last week Indicating an expenditure Of
s2.e54.475.
Up to the first OF June s.s32 operations.
including alterations, were planned. which
were estimated to cost $1s,s13,52s. This
is a gain OF 26la per cent over the cor
responding period last year. The greatest
activity was in May, when a gain Of more
than 81 per cent. was made as compared
with the same period in 1918.
Contemplated construction OF tenement
houses indicates the drift OF population.
During the past week plans were hled for
seventy-two structures, estimated to cost
s2.0S2. 900 and with accommodations for
l,lJ2 families an average OF sixteen to a
house. At the rate of three persons to a
family Brooklyns population viii swell
nearly $500 when these houses are CON-
pleted and rented
Besides the tenement house operations
sl6?5oo Is to be expended for small
dwellings. s652.s50 for miscellaneous
structures. including a 100000 bank
building. a $4,000 library. a 100000 fac
tory and a $4,000 church. Alterations
costing s57.o25 swell the total to
32e54.475.
Most or the tenement construction Is
to be done In the outlying sections. East
New York and Brownsville. Alabama
avenue, Hinsdale street, Saratoga avenue.
Powell street, Riverdale avenue. Blake
avenue. Amboy street and Snedlker
avenue will all be scenes OF tenement
house construction. The most extensive
operations are In the neighborhood of
Blake avenue and Anlboy street. The Col
lective Holding Company OF 1879 Pitktn
avenue is to build fifteen four story
structures and Jacob Goell OF the same
address will erect eight. S. 4 l.. Hal
perrin IRE to build Ave. Il. Steinfeld three.
the Powell Improvement Company two.
besides several individual operations. The
Levy Brothers Realty Company 10 to
build two i've story tenements on Prospect
place cas-; OF Cnderhill avenue at a cost
of 100000. and the Keap Construction
Company will invest $4,000 In a six
story structure to be erected on Division
avenue east OF briggs avenue.
The largest operation In small dwell
ings is that OF NJ. Chizner. who Is to build
ten two story buildings on the east side
OF Snediker avenue 100 feet north OF
Riverdale avenue at total cost OF
$4,000.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-07
BIG DEALS IN QUEENS.
Desnon Contracting Co. Large Bay
er-Eiushing Acreage Sales.

Transfers that precede the Ming OF
plans for buildings and improvements
ssgregit.ng over million dollars, with
'sal'y values approaching that sum were
Mad" last week in Queens. The Degnon
contracting Company, which has been In
eFesled heretofore principally In factory
SEES In Long Island city, purchased from
the Jamaica Estates eighty large plots,
some with frontagrs of - feet and others
v1'h frOnlages OF 90 feet, comprising six
docks bounded by Homelawn avenue,
hillside avenue and Hampton place. The
value Of the tract Is placed at 100000,
EN- tne property will be developed as
villa plots.
tn" h-snon company also took title
70 tAlrty-four lots, with frontage on the
tlushing road, thirty-four lots with
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-07
LIMITING BUILDING PERMITS.

Hereafter plans filed for new buildings.
which do not conform to property re-
strictions OF the neighborhood will not be
passed by the Queens Bureau Of Buildings.
This IL in accordance with a decision
handed down last week by Supreme Court
Justice Kelly In the Queens County SUI
preme Court. The decision will prevent
the entrance OF builders who desire to
erect multiple family houses In districts
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-07

FOR SALE OR RENT.
FOR SALE OR LEASE.

Residence on RidgewOod Road, West
Orange n: J. sinte,n acres OF Erounh with
stable and garage, lodge for Chauffeur or
coachman. greenhouse. English garden and
gardeners cottage. House has thirteen
sleeping rooms and eight bathrooms Music
room. billiard room. library. parlor, dining
room, pantry, servants dining room and
Class condition. inquire owner Room eo7s'
No 20 Church street, New York city
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-07
FARMS ron SALE.

Dor ENTOwS-G-ntleman'sc country seat,
II acres; handsome residence; 10 large
rooms; high ceilings; all city conyenIencts;
hardwood noors, open fireplace, balconies
verand9s. choice shade. barn, poultry house.
fruit, excellent land. stream; hne location
main street, eIty 5000; macadam road
possession: clear; will exchange. a, ~.
DRESSER, Burlington, N, J.
The Washington herald., 1914-01-23
BALTIMORE WHOLESALE MARKET

Baltimore Jan. a.-HAY-No. l timothy. E.1:
standard timothy Is.50aI7.oo: No. 2 l55oal6o; No.
J. looal5oo: light clover mixed. ls.5: No. !, B.5os
l6oo; No 2 AOoal5oo; heavy. A9als-0; No. l
clover, H5o: No. . I3osltso; no-establishsd sade.
ieooaILoo: sample grade. as to kind. quality. and
condition. lo.ozl2m-
sTRAw-No / strsisht rye. new. Aooas.c: No
ne straw, IL 5oaI20: No. wheat straw. SO; wheat
straw. No. :. 100; No. oat straw. soalo.oo; No.
oat straw, soossoo
LIVE POULTRY-Chickens. old hens. heaU. h..
IS: do, small TO medium. per b.. Is; do. old
roosters. per h.. 10: do. young lsrgr. per h..
II; do. rough and stacy. l2ai3: ducks. per lh. ia
II: pigeons. young. Per pair, s; do, old, pr pair.
s5: guinea fowl, old. 70; do. young and choice
each 90: do. young. poor and small 1ao: tmkeyR
lsaao: do. old toms. per H.. II; do. rough and
poor pr n. le: geese. nearby. per h.. Nals: do.
southern or Western. per h.. 2al,; do. Kent
Island. II
DRESSED PoULTRY-rukeys. hens H.. 1.z3;
do. medium hens and young cobbers per h.. 3os2l
do. rough and poor pr pound. Il; chickens. choice
young. per H.. II; do. mixed. old and young.
lsals: rooste-s. Pc H.. IL; ducks. choice. fat.
per H. lssls geese pesrtg. per h.. fat. l5sls: do.
and over. q; do. medium. lez2o.
EGGS-NarylsDd. Pennsylvania, and nearby frsts.
loss Oh. per doz.. y: Western frsts. loes Oh. per
doz.. =: West Virginia frsts. loss o. per doz &;
southern frsts loss Of per dozen. n.
BCTTER-Creamery. fancy. per ID. EEaoti;
choice. per lb.. 8isE2a: do. good. ID. aHzESis;
do. prints. H. csiiaais: do. blocks per h. Tals;
yer h.. 9aa: Ohio rolls. ID. ls2o: West vir.
ginia rolls. H.. isaa; store packed. per H.. nais;
Maryland. Virginia and Pennsylvania dairy printA
per h.. 2; process butter. Dsr D.. SI9
The Washington herald., 1914-01-23

80. n .pp5 ssuai 70 tss ds.asaA ard ansss'
| tien Yuled sesdy.
Eaos-N.Isv arss. p~ do-. .; d.. South
LARD-rsh puss. per n. igtsisx: d.. euunoa.
ps ID. isIau. Cssscssssd a. p en-. ~
bC1TER-Bss print. ~. pr fb.. >: tub. pa
M I 81 .,Ssssei.s Sss e. pes n. *. ~ ..i s.0s " ~
cHEEsE-Nsv Yors. n<k. pr ID. y; nat, pes
70. w; suiss dossstie. p~ ib. =; d.. foreign
! LIVE rouLrRY-Hs.. ~ IA. y; rOssts,.
p@ b. y; chiehsas. pr ib. f7sis: ducks. per ih.
'ssM; 6svsn sq,teys % pr n, nsE.
native. per bbl. LNa1D: potatoes. per sack Ana
z1; DO. No. z pr bbi. imai.a: beans. Tionda.
e e esa.ds sss.at; iGssss; . sss.s :,s ssr YSs ST
L0; do. Hesida. Peg bsl. asasaa; oar
mes Per bunch. ~: rsdisbe. hoDenc.s.
p9 10 ALn; iettue.. pr h.ssss. ln1@;
-: Do. DIT a,te. azsA1. eueunbess. pr baa.
a1.sn: Western yellow onions. PER BEG. 2isazn:
white onions. par bps. 2o1z19: bsets. pss 10 %.
@ ss - P sss 't: s. a;s :s:,s: sss. s. q. 's H.
a.1.: .s: s1S0; do: New Yost hethouse. PER N.
1ss; eariiaover. calhomia. pr y erate. L1ai-I;
40; 40 .aisse PEI per pa ss,h, L1sss O. pa.Dsi1s s.ss
a,neerriss. psr sual boz. sooss8: DO. pa ssat
oeH. -: do. pr hhi.. aooal4o; BruasRls Eruufs.
ps, quart. nsa'; Florida psppe.s. psf e.as. Is.
Ioa:sdo: bees. riofid.. per f,S. e1.ss. Issss e. o
DRESSED rorLrRy-chieteax. ct Ib.. usp:
aen. ehoe.. psr h.. x; durks. per Ih. lad:
turssy.. per lb.. 2asi: roos,ez. per h.. II.
s,' E sIOCh-Se.l calves. choice. Per H.. IIis !
.rsins i.nhs best per ID. s.si: do. ordinary. !
'tE bRfssSsJ III So aa66sgDbD.h e 6i6SssD Per n. s.'
Per ser 10; :sn do.' heavy. per ID. NJ; rabbits. per
sEEDs-cioser. rec. pr n, ,-yaiys: do .,.,S. |
pc: h.. -; do. alfalfa. per H. loiialI.: ttnothy
seed. per bushe 2z5a25: orchard grsse DER busheI
isoai E; red top per h.. 1aaa Bius uas, per
FRESH FISH AND cRABs-paer s,., h.,,,
ere By the pound unless Otherwise stated )-Butte,
and stars. large. loa5: carp CAS- erocus medium 10
large. bbi.. ooosl2a: do. small. fooasoo; Bsy
naekGel, 9 rock. bci,ias. %: do. medium %; do,
icais: yellow perch. large i2: do anarI Q; sainou
trout 5a9: gray trout large sai2; do small salo.
noundefs. aal2: catfish ioa2: green pike native IS
ees. medium to large. Gas; spots large I5 tailcrs
large. Is; do. small 10: surgeons. dr,ssed 3: do
sise. Nan: sezllops. Per qt 6: shrimp. per qt IS.
bluefsh. IS: salmon .: fresh cod Is: haddoch 10:
spauish mackerel. isszn: Potomac bass boiling 8;
do. pan. Is; shsd. roe. each. L75;: do. buck each,
IS.
FRUITs-New apples. per bbl. Lsossoo: lemons,
per box. 3Gai3; oransfs. California. per box 275a
zoo: do. Florida. 20oz215: tanserines Florida per
strap 3ooas0: pinespples. Florida pines per crate
20as0: lines. % hr. 6aL0: grspss. Malaga per
HAY. STRAW. AND cORN-Hay. best timothy.
per ton. n.oo: do. medium. no: old hay. noos
b0: straw. long rye. per ton. l5o6: do. tangled |
re loalls5: wheat stnv. 500: corn. per bbi.
WOOL AND HIDEs-wooi washed. fire., Of burn.
per Ii. Sa1; wool. unusshed. per lb. 2aas: hides
dry. PER lh. Nals: salt hid.a dr. Der lb. 10: sat
hides. per ih. i: calfskins. green each I50alf5;
green hides. pa Ih. L.
The Washington herald., 1914-01-23
NEW YORK PRODUCE.

New York. Jan. 2.-MILLFEED-Steady; trade is
quiet. Spring bran, in popound sacks. 800; stand
ard middlins. 800; Western red dog. $50: winter
wheat in loopound sacks. to arrive. q 50; city bran,
in bulk. $40; Argentine bran. to arrive. nominal
RYE FLOUR-Steady; business Is inactive. Good
10 choice. at 350a3.0.
CORNMEAL-Steady; demand moderate. Kiln
dried for export SIS; meal in bags, l35al. IS.
BUCKwHEAT FLOUR-Inactire. but prices are
steady: supplies light. Choice quoted at 3oA3l5
per Dl pounds
HAY-Receipts $50 tons; firm Demand for choice
is fair low grade dull. Quotations: No. timothy.
Lo71ial.lo; standard, locales; No 2, 9as6; No.
;, IS.
sTRAw-Receipts. % tons; firm. Inquiry Is in
active. Long Je quoted at s2isa5
PORK-Steady: inactive dealings Mess, 3.aa
aoo: family, 800; clear. %. zsEo.
BEEF-Stezdy: business moderate. Packet, sooa
800; family. le.ooaD.o
LARD-Steady: moderate trading. Prime Western.
H. 90 refined continent llS; South American, L 9:
refined Brazilian in kegs. l325; beef stearine. ~
,sked lard stcarne quiet; New York. ia.
The Washington herald., 1914-01-23
DOUBLE TRAGEDY AT DINNER.
Man Kills Former Wife Who had
Remarked and Then Shoots Self.

Honolulu, Jan. 2.-In the presence of
roomful of diners at the Seaside Hotel
last night. man known by the name of
woodward. who arrived yesterday on the
steamer Sonoma, of San Francisco, shot
and killed his former wife and then COM
mitted suicide. The woman had mar
ried Charles A. Stewart, of San Fran
cisco. last Saturday. She came recently
from San Francisco and was married
under the name of Margaret PhyperS
immediately after the ceremony Stewart
left for Hilo.
Mrs Stewart remained at the Seaside
Hotel, where she had been staying. After
she had taken a seat in the dining-room,
woodward. whose right name Is believed
TO be A. w. Wagner. entered. He walked
up to Mrs. Stewards table, and after a
few words had passed between them he
drew q pistol and began firing. Both
died almost instantly
The Washington herald., 1914-01-23
BONDS GO LIKE HOT CAKES.
Entire New York State Issue Taken
Up in Two Hours.

New York, Jan 1.-Two hours after
the stock market opened today the Kuhn
Loeb & Co.-William A. Read & Co. syn
dicate. which purchased the Sl, 900, ,oor
New York State l-2 per cent bonds, had
sold the entire amount, making a max
imum commission Of sSss. 80, or Ass {
minute.
Savings banks, trust companies, insur-
ance concerns. private individuals and
dealers sreedily bought the securities.
The bonds were offered at 1d7 IA to in
vestors and 1f is to Investment dealers.
On the basis of the former price the
bankers made profit Of Lib per cent.
Bankers said today that this was very
small. considering the huge block of Sc
curities taken
The Washington herald., 1914-01-23

hres centas cf the wssk. Tbs psssmt Isssa of ttns
money mates hsa 90 the vbsle. nj ben touched
ancs the middle Of l0l1
Rats are ~ Per ont for sixty day.; n psf csnt
fR ninsty days; ~ p<f cent for four and nvs
months. md pr cent 10 ~ psr esst for oser the
Institutions which sss hoading out foe pr cein
cent rate. Papsr y moving IN volume. but the buy.
es are still successful in maintainng the choicest
papsr on . ~ 10 ~ pr cant. hasiA. Il d e.
peted. houev9, that thsy v,l shoseiy hsss TO maks
. oonccsd@ non thsse hgureA
Londo. dissDuuts ISIS pr cant; u 1N
Paris dl1ccuus ~ pr esAf: uneAsAesA
Berlin discounfs ~ PER esnt: - *
The Washington herald., 1914-01-23
WANT BANK FOR ST. LOUIS.
Business Men from Other States Ap-
pear Before Reserve Board.

st. Louis, Mo-. Jan. e2-Business men
from Southern Indiana. Kentucky. and
Tennessee appeared here today to ad-
vance arguments as to the desirability of
st. Louis as a logical point for the es-
tablishment of one of Federal reserve
banks provided for in the new currency
law.
Secretary of the Treasury McAdco and
Secretary of Agriculture Houston ques-
toned the witnesses at length.
The Washington herald., 1914-01-23
NEW YORK MONEY.

New York. Jan. 2.-CaI money opened lx ne,
cent; high per cent: low IL per cent: renewals
per cent close per cent: ruling rate per cent
The broadening demand from stock exchancs
houses exerts visible effect on time money rates
which have again. in several instances been marked
down. Sixty day advances appear to be most sep-
sitive 10 the accumulation Of funds in this market
and their rste has been reduced y of per cent
Local lenders are reported to be extending their
field Of operations By Offering their surplus in The
The Washington herald., 1914-01-23
WASHINGTON PRODUCE.

Quotations given below are for large lots Of good,
marketable goods only. Jobbtrs' prices higher.
Lower grades may be sold for less. Market active
for fancy grades Of al goods
Poultry. eggs. live stock. and dressed meats un
changed.
Demand light for fruits and Vegetables Lettuce
scarce and choice very strong. CAulihower hmcr
Florida cabbage ruled stronger Peas and cucum-
bsss scaEce and high Fancy apples strong othsz
The Washington herald., 1914-01-23
OUTSIDE SECURITY NOTES.

New York. Jan. 2.-Contmued activity and
strength was shown in the market for outside Sc
ctritics today with rather sharp advances in The
Standard Oil ISSUES. although In many instances
offerings were limited. Pierce Oil moved up about
five points and Atlantic Refining ten points; United
Cigar Stores improved y slightly activity
Bdtiah- American Tobacco ruled steady. The cop
The Washington herald., 1914-01-23
WASHINGTON STOCK EXCHANGE.

Sales-RegIlaE call, l. O'Clock noon:
Capital Traction At ut
Washington Railway & Electric pfd., 4 at %, 5
at 90
Washington Gas, 5 at 81.
McrEenthaler. at I3a.
District National Bank at 1851.
After call:
Washington Gas. IS at s.
Washington Railway * Electric Is. 500 At 50.
5000 at So 500 at 30. 500 at 90
GOVERNMENT BONDS
The Washington herald., 1914-01-23

Salt Lake. Utah. Jan. 2.-WiIliam II.
Bancroft. vice president and general
manager Of the Oregon Short Line. has
resigned f. E. Calvin, vice president
and general manager of the Southern
Pacific, will succeed Mr.. Bancroft on
February l.
The Washington herald., 1914-01-23
REBELS CAPTURE GUNB0AT.
Nashville Hurries to Cape Haitien
to Protest U. $. Interests.

Port au Prince, Haiti, Jan. 22-Cape
Haitien, the principal city on the north
ern coast. has been captured by revolu-
uonists. according to a private dispatch
received here today. The rebels also CAP
tured the federal gunboat in the harbor
at Cape Haitien-
The capture of Cape Haitien by the
revolutionists in Haiti was reported to
the State Department yesterday. The
gunboat Nashville is on its way from
Port au Prince to Cape Haitien, where IT
will look after the protection of any
American interests threatened by the
revolutionists.
President .este has called Congress
INTO an extraordinary session, beginning
next Monday, to adopt emergency meas
ures to crush the revolution. Possession
Of Cape Haitien gives the revolutionists
a port through which they can obtain
necessary supplies and munitions of war.
The Washington herald., 1914-01-23
MARKETS, ,FINANCE, COMMERCE

per stocks v.s ar.s Bndss coppsr inpro..d /.
fraction.
Gssess ossssa NJ shsEpay az fDsr points Tse
oliver seocks wsse shsds higher.
The Washington herald., 1914-01-23
Morgan S. Buckley reports gains for

morgan o. butheiey fePoftS Betus Aot
1919:
Premium incone. ............ sissls.sS Inc a. -
Total income. .......s........ 5.&U9 Inc. Al8,1is
Surplus to policyholdcn-... EGe5sI Inc. -
Life insurance in is ss21 Inc. Dsoseee
During 1913 the Aetna Life issued s6l,-
641, ,lSo Of new insurance. and since its or
sanisation in 1850 has paid s2s7. .7s6.so2 to
policyholdera
New Bronze shield.
A UNIQUE safety first bronze shield for
use in front Of locomotives has been COM
pleted by A. B. Brown. chairman OF the
shop committee OF the Western Maryland
Railway Company. at Elkins. w. Va. The
design Is In the shape Of a circle, with q
large star In the center, and the words
Safety First at the top and bottom.
Local financial circles were considerably
interested yesterday In reports from New
York relative to the merger of the
Mutual Alliance Trust Company and the
Astor Trust Company. Eldridge E. Jor-
dan Is vice president of the Mutual, and
is said to be the leading factor In bring
ing about the consolidation. The two
institutions have aggregate deposits Of
SO, ,S07. 900.
The Washington Chapter, American In
stitute OF Bankers. at meeting last
night discussed SALES and Bailments."
The Washington herald., 1914-01-23
Local stock Market.

Washington Railway and Electric IS
again featured on the Washington Stock
Exchange yesterday. Eighteen Thousand
dollars was invested at 50. This was the
extent of the trading in bonds.
In the stock list three shares of Dis
trict National Bank stock sold at 143 1-2,
five shares of Mergenthaler 2l5 IA.
twenty shares of Washington Gas 81, one
share of Capital Traction ia. and nine
shares of Washington Railway and Elec-
trio preferred 30.
While there was less business trans
acted on the exchange than Tuesday, a
very confident feeling of improved condi-
tions prevailed.
The Washington herald., 1914-01-23
COTTON STATISTICS.

Furnished by n. L. Carpenter Co
New York. Jan. =
Receipts MiddlinsA
The Washington herald., 1914-01-23
Funds at . Per Cent.

Call money is a drug in the market
and time funds were offered to stock
brokers at per cent. Money that was
held for investment is now coming freely
to market and the bankers are preparing
tC meet the demand by offering several
large issues during the next ten days
The entire issue of New York State
41-2s was re-sold by the bankers within.
three hours, and the syndicate behind
lnter-Metropolitan 1 LIS announced that
all their bonds had been disposed of.
Such news coupled with the reduction
of the English bank rate to 4 per cent
and the lowering to 41-2 per cent of the
discount rate by the Imperial Bank of
Germany stimulated activity.
Predictions are being made in banking
circles that notwithstanding gold exports
to France, rates for money will be lower
next week. following another increase in
reserve of the New York institutions.
now confidently expected The European
money conditions outside of France are
said to be favorable.