davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
GERMAN EXCHANGE DROP
Marks at 81, Discount of 4
Per Cent.

German mark exchange yesterday
touched at 81 for checks and cables.
the lowest price it has reached since
the war began. Ninety-one cents for
marks is discount VI about 4 per
cent.
Foreign exchange dealers said that
there was no novel explanation for the
drop in marks, their theories varying
from a statement that Germany had
been a heavy buyer OF foodstuffs here
TO one that bankers with balances in
Germany were anxious to sell them
while there WAS still chance to get q
fair price for them. There is compare
lively little demand for German ex-
change, due to the difficulty Of getting
goods out of Germany and the absence
of debt TO the merchants of that coun-
try by American importers.
While marks were reaching a new
low record, francs got down to 5.0S15
for the dollar and sterling cables went
to 4.951s and demand TO 4.94ss. Ster-
ling afterward rallied slightly.
There was large amount of cotton
and grain bills offering. Cables were
in good supply, both from the West
and from Canadian banks. To-day. it
is expected, the Canadian government.
will again offer a large amount of
cables against accumulated balances in
London
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
BUSINESS REVERSES

AMERICAN OIL CLOTH CO. 262 Canal
It. and 80 East 42d st. Petition hled by
Hays Hershdeid & Wolf attorneys for the n,,
ioane5 sSites S. 900 CO. assets
AMUSEMENT RESTAURANT %, III ~
1873 Broadway. in the Strand Theatre build
Ing. Petition fled by George HAM Ios
Mary Bittner. $1,000. cash loaned; Joseph
perry. 5000. loan, and Reese Bros, 81. for
merchandise Liabilities. about $50, oOo Ever.
EFT w. Brswner was formerly president pu.
l. said to have withdrawn In September ana
John Bittner became president ,>,c a.
CARBONDALE SPONGE CO.. INC, ~
Gold 81 Petition filed by John X. Cheyney'
of Tarpon springs. Fla. creditor for S'Zzh
~ PArRicK H. DowNEY. clerk. OF 800 East
17sd St. fled a petition as poor person
unsbls 70 pay the fees, with nahiiltIes q,
SlO3. 3e5 and no assets. lie was iorine,lS
treasurer Of the Glen Engineering Construe-
ton Co, which was put nto bankruptcy Oh
december TO- 1910, and most Of the naollliies
are for loans TO that company or on hotss
which he Endorsed for IL. Among the cree %,
ttors are the Merchants National Bank ol
Jersey City. si6,307; First National Bank. Vl
Town OF Union, 81 no u. H: Beverly s9;vVp
John II. Ross. SO, OOo and Edmund ]. o'Con-
ApoLPH KARpEMAN. mems and won
ems furnishing goods. 1898 Fifth av. Petition
6led bv Alfred A. Wood. SIC; Edward J.
Ryan. ss2 and Elmer u. Lupton, sl4; judge
Hand appointed Charles l. Greenhau re-
eeiver; bond, $1,000. II was alleged that he
Mas about TO sell out to an auctioneer si9ck
valued at s. 900 for N.%O0. and Judge hsno
restrained the suctioneer from interierhs
with the property or with the receiver III
The odministraton OF his duties.
SAMUEL FRIEDMAN jobbor in tewelry,
at 50 Forsyth II. Petition filed by Willsnn
Jasie. for Freudenheim Bros. Levy, u,OS1'
Alfred Waxman, $3.50 and Elkan Flgatner'
500 He claims to have had a fire on octo.
Der IA and was robbed Of his entire stock OF
diamonds, valued at $500, Judge Hougn az
pointed ~ A. Henkel receiver; bond, N,00o
Liabilities 5000; assets. 81. 600.
NATHAN TEkULSKY. 1obber In waists,
III l5-l7 West 26th ST., assigned TO Herman
j. Wilson jr. He was formerly In the
llauor business. A petition was also MED
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
LIMITS DUTIES
City Bank Head Resigns from
Several Corporations.

Announcement yesterday that Frank
A. Vanderlp had withdrawn from the
directorate of the Chesapeake & Ohio
Railway brought forth the informa--
zion that the president of the National
City Bank has also retired from the
boards of other railroad corporations,
including the Missouri, Kansas &
Texas, the Seaboard Air Line and the
Norfolk Southern. Mr.. Vanderlip has
also offered his resignation as a di-
rector of the White Sulphur Springs,
Inc.
II was stated that in view of the
more onerous duties placed upon him
by the establishment of branches OF
the City Bank in South America It
is Mr.. Vanderlip's intention to sever
gradually all his outside corporate az
filiations with the exception of the
Union Pacific Railroad and few
other important companies. His &C
ton is also in line with that taken by
other prominent Wall Street financiers,
who, in view of the prevailing spirit
of opposition to the system OF inter
locking directorates, are limiting their
official duties. .
Mr.. Vanderlp is still indisposed az
his home at Scarborough the Hud-
son. but officials of the City Bank sad
Yesterday that they did not regard his
illness as of serious nature.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22

Bern. sac, ard Alber, n eraser. tiSS, Lin
e sSvGsf f.s SH 1Scsas. Sa. s sns so
8: shaw s! g, 80; 5. Hsrl iSl ass.ssn rom
f.mo .y sn9 5pas. sSSs T Appointed
JOSEPH FRirDsfiN. Italian groceries,
~ Pleasant av., has assigned TO Samuel W.
RECEIVERS APPOINTED.
UNIVERSAL PIANO Co.--Judse Housh
hss appointed Clifford q. Ludvish and Eu-
gene kadle receivers for the Universal Piano
Co. 40 whitlock av.; bond. 5000; and they
Mr. Radls 10 to servo without compensa ton
Liabilities, $50 900; assets. $4,000 Among
the erecitors ere the Plano Pneumatic Ae-
i7 COZ. and Wellington Piano Case Co.
f2ees.
SCHEDULES FILED.
PATTERSON & HARRAI. jobbers IN
nardwsre and CUTLERY, s. White, st1 show
sisting OF stock. $1,000; nxtures, 800; ac--
cash IN hand. 50 There are $40 creditors.
e2s Broadway, show liabilities, 1893. 1856: as
counts. $500; cash n BANK "a 's 800 and nSt-
sition which has boon accepted by a ma
,ority OF creditors and the offar has been
referred 10 John J. Townsend.
WALLS NATIONAL POSTER SERVICE.
INC, 800 FIFTH sv. ard Boston. show liabili-
ties, SIS, 40; assets, 80. sol. consisting OF &C
counts. s.. 06i; office furniture, $3.50; cash IN
bank, Ss,TS, and cash on hand. 81. There
are go creditors. among whom arc j. DON
nelly 8 Son, Boston. N.s52. Van Beuren &
New York Bill Posting Co, Si.sis: Phila-
delPhia Bin Posting Co, 1850, and Newark
BIN Posting Co. 81. 2os
PoRsTH ELECTRIC CO. 10 East go
ST.. shows liabilities. S2i.0s4: assets. S2s go,
consisting OF stock, 81. 700; notes, So 773: cash
on hand, ~, sB cash ia bank. sic; machinery
and fixtures $1,000 and accounts. $40 $50.
also 100 shares OF stock OF the Porsh Eisc--
tric Co. Of Porto Rico, value unknown.
ROTH & PRiNrZ. skirts. 81 Avenue II,
show liabilities. S6.I0l, and assets $3.50.
BARONE & FLACKS, manufacturers OF
dresses = West 9sth ST.. show liabilities,
s. SIS, and assets, slO9
LOUIS DEL BEN1c, grocer, OF Yonlers,
shows liabilities. s. 2l6, and assets. s2.3s3.
PELLMAN q DREYFUSS Corporation.
manufacturers OF cloaks and suits, = West
eith st.. show liabilities Sisi3l: nominal
assets. sG 7S9. and actual asse,s. 1881
EUpFTRSCIiNlD MANUFACTURING
CONFECIIONERS, NC, i95 Chrystie ST.,
show liabilities. g. e6e: nominal assets. 81. 10i,
and actual assets, N.il7.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
BETTER FEELING
IN COTTON TRADE
Domestic Mills Buying More
Freely at Low Prices
Small Exports.

Indications that cotton IL bssinnina
to move little more freely as . resua
of gradually improving financial condl-
tions created a better feeling yesterday
although a more active demand may be
attributable to the hsling Of October
engagements, and thers was nothing to
suggest any improvement in prices, un-
less 1t was q tendency toward increased
premium on high grades and stap!es-
So far this season exports Of cotton
have amounted to only 362,56o bales.
against 2,055,l4o for the same month
last year, and the loss in exchange has
naturally been even greater than indi-
Gated by these figures, owing to the
lower level of prices. According TO the
government bulletin issued yesterday,
the average export price Of cotton dur
ing September this year vas only e.7
cents a pound, against 11.3 last season,
while so far this month the compari-
son has been still more unfavorable.
The improvement in international
trade, consequently, hardly promises
anything like return TO normal as yet.
Domestic mills, it is said, are begin
ming to buy a little more freely, and
instances are cited of considerable pur-
chases by New England manufacturers
at about sac for strict low middling
landed at Boston, while people In che
cotton trade are receiving many in
quiries regarding the purchase Of spot
in the South and carrying charges.
With better weather in the South, pick
ing is again making good progress,
however, and local spot brokers report
ed that their offers from the interior
were as free yesterday as earlier in the
week at prices about unchanged.
Agricultural colleges in several Of
the Southern states have prepared bull
letins showing the crops that can be
most proftably substituted for cotton.
and these reports are being widely cir
eulated as an aid TO the reduction in
cotton acreage which the restricted
outlet for the present crop is believed
to make Of the utmost Importance from
the standpoint of future values.
There was no change here with ref
erence to plans for reopening the ex-
change, but the clearing house commit
tee has been authorized to employ an
expert in drawing up detailed plans for
clearing house.
Local spot market nominal. South
ern spot markets: Norfolk steady at
6Ac; sales, 375 bales. Augusta 1sc
lower at sac; sales, 1.407. Little Rock
quiet at Gao. Charleston Lice higher
at sac; sales, 200. Savannah quiet at
6Ac; sales, $780, 81. Louis quiet at 6Ac.
Houston quiet at csc; sales, 1891.
Galveston &c lower at 8 ll-l6c; sales,
1923. New Orleans quiet at 6%c;
sales, sos. Mobile hc lower at ssss.
Wilmington Ne higher at sac. Mem
phis steady at 61ac; sales, $500.
Liverpool, Oct 21.-Cotton-Spot in
limited demand; good middling S.4od,
down I'VE points, all others unchanged.
Sales 1900 bales, including $500 Amer
lean, on the basis OF 5.05d for middling.
No imports.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
PUBLIC UTILITY NOTES.
General News and Earnings Of
Various Corporations.

The consolidated income statement
Of the Detroit Edison Company, IN
GLIDING all constituent companies, for
September shows earnings derived
from commercial electric power sales
Of S424,9e7, sales to street railways
were $ae,7l6, and the total gross reve-
nue. amounted to $50o,602, an increase
Of nearly 10 per cent over the same
month last year. Operating expenses
and reserve showed an increase of OF
per cent, and the net income, which
was s2Oi ,sS2, was 1877 per cent higher
than in 1918. Interest charges were
considerably higher, the gain being
Ss.5 per cent, and the surplus after
depreciation reserve was $77,S5S, as
compared with $57,1e5 last year, or a
gain Of over S6 per cent.
III Paso Electric.
Income statement Of the Ell Paso
Electric Company and its subsidiaries,
controlled by Stone & Webster, shows
an increase of $20,s43 in gross earn
ings for August, WHICH amounted TO
SS6,432, and net earnings after ex-
penses and taxes were $35,207, $6,606
more than for the same month in 1918.
The balance for reserves, depreciation
and dividends, after interest charges,
was SSl ,029, as compared with $25,9iS
last year. In the year ended August
81 the company earned 81 ,002,4 03 in
gross revenue, an increase of $134,5iS;
operating expenses and taxes increased
S92,l25 to S559.617, leaving net earn
ings Of S442,7s a gain of S42,422, and
the balance was 1891 ,524, $S0,656
greater than in the year preceding.
Texas Power and Light.
The increasing demand for power
service in the territory served by the
Texas Power and Light Company, a
subsidiary of the Southwestern Power
and Light Company, is indicated by the
unusually large increases in gross and
net earnings for September over the
same month of last year. Gross re-
turns amounted to s146,os6, nearly
double those in 1918, and net revenue,
after operating expenses and taxes,
which increased So per cent, was $780,
246, So per cent greater than In the
year preceding. Income after charges
increased from $20,17s to S42,4o6, or
gain of ITO per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
OCEAN FREIGHT RATES.

A steady moderate demand prevailed for
steamers, but tonnage was. offered sparingly
and Hull, 4d; London, Shd Bristol. 4isd;
Cork for orders, IS; picked ports. large ton
mage, 2s 7lzd; cotton TO Liverpool, per 100
lbs 35c CHARTERS-Br steamer, 329J
tons. general cargo. New York to China
Japan, etc, private terms. Oet-Nov; BT
steamer, 3ss3 tons. general cargo. New
York 10 west coast Africa, private terms
Nov; Br steamer, $4,000 quarters oats, Bal
timore 10 Genoa, al or about So, prompt
Rr steamer. 10000 quarters grain, Gulf TO
slarseiles or Genoa. "a SID. Nov: Br
80 LIVERPOOL les sd Oct Nov; sehoonsr' Ssi
tons lumber. Pensacola TO Cienfuesos, So 80
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
100 Bondholders Join Amster

n. L. Amster, Of Boston, who is seek
ing cooperation from holders of Chi:
cago, Rock Island & Pacific Railroad
Company 4 per cent collateral bonds,
said yesterday that he had heard from
400 of those holders, Of whom 100 have
Joined with him. The aggregate par
value of the bonds, ne stated, is up
ward of S5,OOO,0O0 Mr.. Amster also
announced that there have been with,
drawals of bonds originally deposited
with the Central Trust Company, the
holders having united with him. Out
of the 81 100000 outstanding the Wal
lace committee now has S93,9S3,OOO on
deposit.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
FINANCIAL RECORD
here AND ABROAD
c.mand Sterling Contin'
ses to Go Lower-Steel
Trade Slackening.

~,s. unusual schemes for relief OF
",.-.,sn exchange market are being
~ -. demand sterling yesterday
rp ...nss Its decline, begun last Satur-
- The price went under 4.s5 TO the
N since the first week Of the
- closing weak after slight re-
ns' n the middle Of the day. While
w. : ,,o,,ible that negotiations between
R.,,.tives of the British Ex-
80 and our Treasury Department
MA. caused holders Of exchange
,.,son to sell more freely, a more
-, reason appears in the con-
- great volume Of our shipments
- cotton and merchandise and
~, demand, now that October pay
as.s as we supply Great Brit
IDS. we are paying in kind the
AGAINST US, and this is the pay
~.ost advantageous to that coun-
1sas ,,sIi as TO our own. That the
g.S government has sent represent
bnus" Ssre TO demand shipment of
'1s'.. nav private debts owed to Great
;rs merchants and bankers is
sns n- credible. Rather We must be-
sI.S,h the purpose is simply to az
hcs temporary credit expedients until
tass .S;ty exports pay the debts of the
so.., 49, as is the normal custom.
'ppsrehsses by the warning nations OF
w. and steel are still disappoint-
y. The condition of the industry in
country was described by the
w Of one o. the larger indie
ass companies as the worst he
~ aver known, though he predicted
u. increase in exports in 1914.
publications reported mill OPP
l lassrs at 80 per cent or less, with
s'.hsr reductions in sight. Domestic
.l.,< that depend on financing the
Elements Of the buyers are particu-
Sght What this condition is to
" Tben the directors Of the United
80. Steel Corporation meet for dtvt-
!sJ,etlon next week is the subject OF
- discussion. That concern, how
=, bss accumulated out Of its earn
~ 40 great a surplus that prospects
"a fpture as well as the results Of
!, last quarter can be taken into &C
ast -, -. e,r ooo mn
,slx months Treasury notes, was
....S with little difficulty, according
.Svices received during the day,
"a GOOD volume of subscriptions.
s;v,ts cable messages announced that
4, Rank Of England had earmarked
$4,000 more for note redemption,
49, makes 100000 reported as set
~. for this purpose. Discounts IN
i,sion we're easy, except for the
.~r,r nsturities. and in the limited
,.,srtv trading in the London market
,.,s, we're well maintained.
E,re monetary conditions were prao-
ts1y unchanged. Rates showed no
,iT Of hardening, but the amount Of
Sss,.ss done continues slight. Fol-
wig the conference Of reserve bank
Srsetor, with members OF the Federal
p,sTs Board in Washington the day
hsiws. opening of the regional banks
4 ~ early date appeared assured.
An will automatically release funds
d, borrowers through the lower re-
wrs requirements Of the new law.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22

cartons. e.soc and 9. 4oc IN half cases: Easls
2. 3h and n cartons. fine eranulated. o.Sa.
Glib bnRs. e.30c. an-fb bags. 6.2bc: o-b
bags. o.2oc: tom bags 6.15c; 20 and 10 10
GRADUATED and diamond a. &c: confectionery
A. $500. No ]. 5.75c: no 2 5.lOci No D.
5.s5c; No 4. b.eoc; No o. 5.55e: No 0. 1.5oc;
No 7. 5.45c: No g. b.4oo; No Q. 5.35c; NO TO-
$500; No II. 5.Dc; No IL, BOO: Nos ~, u
and is. 515c. Al easier feeling prevailed In
raw. but trading was restricted. as renners
appeared to be awaiting some fresh demand
Rumors that Cubas we're sold at 3itc. cost
and freight. lacked confirmation. The mar
kot closed at s26H4.39c for centrifugal. 3.Bl
d3.Iic for molasses and 81. n3ssc for Cubas
movement at United States Atlantic ports for
the week as follows Receipts. sos tons.
against 90 420 the previous week. 1904 last
year and 4g.764 In 1912: MEETINGS 20. 600
against 10000. 90. 900 and 30 600 and total
Stock. 325.522 against $40. o24. 170074 and
li6975 tons. respectively.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
New O., P. g. St. L. Committee

A protective committee, consisting Of
Frederick j. Lisman, chairman, and
Alfred Shepherd, has been formed in
behalf of the holders Of the general
and refunding Az per cent bonds Of
the Chicago, Peoria & st. Louis Rail-
road Company. Bondholders are asked
to deposit their bonds with the Bank
ers' Trust Company. Last month a
committee was formed in the interests
of the prior lien mortgage AIS, con-
ssting of Sidney c. Borg, Henry E,
Cooper. Thomas Denny and Robert
Struthers, jT.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22

No Improvement was noted IN refined. al
though prices we're easier. some rsnn@rs tax
ing orders ON the basis OF e0c tor fine
formulated The market closed aGiet az $50
1i6c net. less . per cent for cash. Following
are LET prices OF the American sugar Rein
ing Company: Crystal dominos. cases, Pm
cartons helf or full size pieces. Sc. and 3 lOc
i1 half cases. 5-ib cartons. Zoo. and s5Oc
In half cases: Eagle tablets, 40c: cut loaf
C 90c: crushed. 6soc. mould 4. 4oc' cubes
and Eagle confectioners' granulatsd. 025c.
xxx powdered. 6.l5c. ana 8 d5c In con-
,aners. p 10 bulk. Eagle 5-ft bags pow
derod Csc; powdered and coarse powdeFee
and Eagle coarse granulated. 6.l0c; frui;
POWDERED and Eagle extra tns GRADUATED.
&c; domino granulGted. cases. ?. 90 ana ID
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
LIVESTOCK MARKETS.
New York. October Il. 1914
BEENEb.

Receipts, 1850 head: n cars on sale. Steers
fairly active steady 10 i5c higher; fat bulls
tull steady: others slow; choice fat cows
firrr; others steady at Jersey city. but 25e
lover at Goth 81. yards. Common 10 very
prime steers S. s5ds9 20 per 100 10 toutEids
figures for cars Of Virginia steers; oxen
81 259SS Is, common 10 good bulls, 81 500
IS 80: COWS. s. 75dS5 70: an extra COW or two
at IS. city dressed native beef sides steady
at 12alSc.
sales,--Ksrns Commission Co: II Va
eteers, li27 10 average, - Is per LOO 70; T.,
1850 70. 50 70, II. 400 70, 50 9; II, 1855 n,
So Is: H. 1850 10. 50 Is; H. 1857 10. 50 %: %.
is43 70. So o. 1854 10, 50 20 1850 n. 50; %.
1871 10 s.: a, 1852 70. s. 90 % ls.t 70, !.SS;
"a, 1850 10 ts Al. ia 10. q. II, 100 ~ 81 Soi
20 KY, 1855 70, 81 %. 20. lg7f n. 81 %.
MePhsrson q Co. 10 Va steers, 1850 10.
81 20; Q. 1895 70. 81 co. !, 100 10. 81; 10 ohio.
o. IS 25i I bulls, rS2 =: 90 J. 1850 10
1885 10, IS; 4, es2 10, IS 30; 8. $50 10 $ Is: 2
So 70. IS 10; T. 9ls 10. s.; IS, ss6 n, 81 IS; ;,
I. SIS 70. aIs; q iSs 10, 20 IS; s. go 10
I" J. ~ ehsnSers a Son: 70 W Va steers I.ssO
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-22
BRIEF WALL STREET NEWS

z, wui-AnEusl interest o. % per cent
vi N pad BY receivers OF the Chicago &
gtrsrs Minois Railroad Company on No
fs1hs o. the 81. 343 900 general consolt-
aAs sst first mortgage bonds, which
t-os.1 70 S533,576. Payment OF interest and
;r5,,ii 0. equipment trusts maturing next
sr-h, IN addition 20 that which was ce-
mi n October. viii also be made IN No
H,sG.
ssssAsdsft q the Distillers' Securities
1xpwsuon yesterday elected James z. Brod-
az Alvin W Krecn as directors, succeeding
! curisy, Paul Harrison. Willard p.
TM ana Phenk Ingraham. whose terms OF
90 rave expired Al the annual meeting
4 te Dis,iling Company Of America Craw-
W livingston and A. y. Parisn we're
Erlan P. jerks. q member Of the New
iws Stock Exchange. has been elected TO
u sosrd Of managers % the New YORK Cot
q Exchange. % succeed LUitpold Mandsl-
am, deceased.
\. Central Vernon, Railway Company. at
II lrnuAl meeting OF stockholders, elected
v r BiggeY % Montreal. and II. 5. MAJ
80, % this city as directors. succeeding Z.
4 Baker and 2 T. Marston. in its report
2 Nsrstion there was shown a dehclt OF
lssEi
n. wsnern Maryland Railway Company.
ne annual meeting yesterday IN Bslti-
nzt elected Edward D. Adams member
re executive committee.
siocsholde-s Of the standard Milling Com
ssy a. their annual meeting yesterday
,sslst Henry ". March, James $. Carney
~ Allied JIretzky directors. TO MI vacan-
ptee,ors Q. the Missouri Pacific Railway
orl4ly have elected II. L Utter secretary
~ treasurer, succeeding A. H Calef. de-
Nj and also 70 the sarns position in the
= Louis. Iron Mountain d Southern Rail-
Gross operating revenue OF the Kansas City
tatAeTn Railway Company for September
~ HSel65. Sl7lsT less than for the same
eNh IN 1919, while net earnings after
am decreased 81 500. 10 s251. O1s.
Ne Chicago, indianapolis & louisville
hsay Company reports $685.. l02 gross rev
hes for August, which is q loss OF 81. $50
M last year, and net revenue OF Slsl 1888,
csTssss OF Si5517.
M Nsgenthsler Linotype Company re
80 Tor the hscal year ended September 30
" income from all sources equal 10 81. 54I, -
~ against g. 767, 9S6 IN 1918 and 81 76s, b22
lN2 Philip 7. Dodge. president OF the
enpary. predicts that the business OF the
snpany will be seriously affected by The
s.scptan war but no believes that the imam
~ Storm viii be safely weathered.