davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17

Realizing sales in Steel on Thursday
and yesterday were described as enor-
nous. And yet II was not evident that
the supply had been correspondingly In
creased. for Steel common was easily the
strongest stock on the list. Up five points
in a little over a week II reacted only
point yesterday from new high price
for the present move. The price OF Steel
common once II begins to move always
shifts it's levels rapidly despite the huge
amount of stock outstanding. At times
II seems as II the stock Is extraordinarily
scarce, at others II appears in overwhelm-
ing supply The scarcity Of the stock
suggested by the recent advance has
caused some surprise. In the case Of a
stock which is widely distributed like
Steel calculations are always likely to be
spoiled. 1t Ia pointed out that II would
not take more than the purchase OF 100
shares on the average by the thousand
or 80 Stock Exchange offices and branch
offices to reduce greatly even the big
floating supply of this stock. That
wouldn't be anything remarkable for the
most popular speculative issue on the list
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
The Standpailrrs.

General sentiment in the street has by
no means been converted TO the long side
of the stock market by the recent ad-
vance. Indeed there in n host OF peo-
pie and many shrewd spectators among
them who were OF the opinion yesterday
that the market gave suggestion at
least of being top heavy. The advance
has been IA big one and has taken place
in an extraordinarily short space OF time
Another frequent remark is that the move
ment in many characteristics. principally
the small setbacks bears close resent
blance to what has been termed the
',strong arm recovery from the June low
which collapsed in "A rather sensational
way last September. Moreover. 1t In sug-
gested that january booms" tradition
ally do not usually last much beyond the
twentieth OF the month. February and
March. II is alleged. are months OF de-
c,iuing prices the old idea being that bull
i.h inspirations do not begin to revive
until the warmer temperatures come. The
relations Of the seasons to market move
ments may be interesting. but II Is hardly
likely that superstition Is carried 30 far
even I'm Wall street. to believe that there
are dates in the calendar on which specu-
latiye ventures may be made arbitrarily
without reference to other factors.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
COusOls Flighty.

Business in the London market for
Americans has been practically nom
existent for many months. 1t was a mat
ter of more than ordinary interest, there
fore, that buying of Steel and Fries by
local Arm should have been reported as a
sensational feature Of yesterdays session
on the London Stock Exchange. London
IL said to have had a rumor that a divi-
dend would be paid on Erie first preferred
this year. That may have been con-
trlbutng influence or II may not. Well
informed people here do not credit such a
possibility. The buying movement In
Fries on this side appears to have been
based simply on the idea that good low
priced stocks should have an especial
appeal to the Spectator in any broad
upward movement. Behind London's re-
vival Of interest in Americans seemed to
lie a clearing up of the foreign financial
situation. The chief objective point of
recent pessimism was removed In the news
Of the failure Of a Paris Spectator. Con-
soils reflected the change In sentiment
which always follows an incident of the
kind In conspicuous manner. squirt Of
q of / per cent. is a highly unusual pro-
ceeding with such a staid old party.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
THE COPPER MARKET.

There was further Improvement In SEN
timent in the copper trade yesterday and
prices abroad we're marked up peg from
those prevailing early In the week. Both
in London and Germany the American
agencies with personal representatives
raised their asking prices to almost IAN
cent level.
Copper has been quietly bought here
during the past week ut low prices. Some
sales have been made on q cash basis at
loss than II cents a pound. The market
has come back, however. to some extent
and sales were effected yesterday at IAN
cents for spot copper.
Foreign statistics were received show
Ing Q big decrease in visible supplies In
Europe during the past fortnight The
foreign visible supply In England. France
and afioat thereto on January Is had de-
creased 1899 tons In tho fortnight. then
ended to 1919 tons. An increase Of eco
tons on the other hand was shown at
European warehouse points, including
HAMBURG, Rotterdam and Bremen. the
supplies there now being S.766 tons. Ham
burg showed an increase of 500 tons.
Bremen stocks dropped 62 tons. while
those at Rotterdam wsre unchanged.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
Reading.

Reading was noticeably weak stock
throughout the session. But contrariness
liz "A familiar characteristics OF this unique
issue Reading has habit OF chronic
weakness when the rest Of the list Ia ad-
vapcing and everybody Is ready to follow
a move in II. Vice versa. II Is quite
liable to rise violently when the market
in general looks as II II could not go up
a fraction Reading has never been a
favorite with the public and Its huctua-
tons cannot be said to reflect the gen.
eral outside attitude toward the mar
ket. OF course the usual attempts were
made to explain the backwardness OF the
stock The resumption Of the hearings
on the question of anthracite rates was
referred to. also the Government suit
against the company and the possibility
OF another whack at the coal trust In
the Presidents forthcoming message. But
II the least attention Is to be paid to the
highly colored expressions OF opinion by
some OF its friends who assert that in
case the Government does it's worst Read
ing will be worth $500 share. as against
the modest price OF $3.50. IL the company
follows its own bent these matters ought
not to have terrors for any one.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
GOSSIP OF WALL STREET.
Theories On Reactiows,'

some observers hold two separate but
equally liked ideas on the subject Of
market reactions. One Is that they do
not usually como when scheduled, and
the other IL that when they do arrive
they go much further than anybody
thinks they will. The reason for this IL
said to be the constant tendency to un-
derestimate the power Of the forces be-
mind an upward movement and. similarly,
to overestimate the influences which op-
pose II. Reactions inevitably occur In
any upward swing in the stock market
especially when the advance has gained
impetus and volume But successful spec
ulation on the down side at such times
Is one Of the most precarious operations
In the world. Besides choosing the exact
moment to sell on the Spectator must
also be discerning or lucky enough to
pick the right stock. Thus the man who
might have managed to sell Amalgamated
Copper short on Thursday at the very
top eighth had only a few moments yes
terday at the opening TO cover at an ex-
IRENE profit OF perhaps =. of point
During the rest Of the session he would
have seen the market well against him.
Similarly. the chances are that the specu-
lator on the long side who waits for re-
actions to get In" will lose his market
There Is an old story going back to
1901 Of a Spectator who was convinced
that a big move was under way In Bur
lington. but who figured on getting his
stock little cheaper than the current
market price. He chased the stock all the
way from 100 to 100 with orders Just be-
low the market. When he finally did get
his reaction he made the insignificant
profit of six points. Another story with
a similar application is that Of the holder
Of Calumet and Hecla, who with the stock
selling at ?s5 put in an order with his
brokers to let his lot go at 1000. II has
never sold higher than 1915 since and pre-
sumably this individual has his stock
yet.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
HARTMAN BANK SEES
An OPENING ABROAD:
Takes step Toward Starting
Foreign Branches Under
Currency Law.
FIRST IN RESERVE SYSTEM
Cashier Noble to Study Situa-
ton in London, Paris
and Berlin.

Tho Hartman National Bank, which
"a. the frs, in the country to apply for
~,ubershp in the Federal reserve sys-
ram. has taken the first formal steps to
.,ab,ish branches abroad under the new
currency law.
John A. Noble, cashier OF the bank.
M. been sent ON trip abroad to examine
N. field with view to opening offices in
fondon. Paris and Berlin. Mr.. Noble
,il visit other cities and make extended
,nouIry into the opportunities offered for
.nlargins American banking business
abroad. He sailed last week.
Joseph W. Hartman. president Of the
hank. said Yesterday that final decision
70 ewablsh branches abroad will depend
upon the results Of Mr.. Mobiles investi-
cations I, Is the opinion Of the banks
officers that the permission OF the Federal
Reserve Board will be necessary under the
nw before branches can he opened.
we believe that a field Is opened to
American bankers by this provision OF the
currency law" said Mr.. Hartman. Eek
ac,ly what the opportunities are we do not
know. but we believe that the law con-
iers privileges that warrant investiga-
ton Questions OF the nature OF the bust
ness TO he done and the location and num-
her OF branches will DC subjects OF MIR.
Mobiles inquiry"
The Hartman National has been one
Of the most progressive of the recently
established national banks 1t was for
merly the Night and Day Bank. a State
institution. The Harrin,ans then had a
nominal Interest In 1911 Mrs. T.. H.
Hartman and other members of the fam
ily and representatives OF the Hartman
estate bought control Of the bank. A ma
,ional charter was secured.
Deposits have grown from S4.100. 900
then to 1880. 600. The bank at first
remained open day and night. II has
lately confined its banking hours from 8
10 o'clock.
II Ia believed that many other banks
wll shortly take up actively the quee-
ton OF establishing branches abroad. 1t
was reported early in the week that
Frank A. Vanderbilt president OF the
National City Bank would discuss this
matter with Mr.. Stillman on his special
trip abroad.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
MORGAN BEST ON CUBAN LOAN.
Firm Expected to Get Award Of
HIO,OOO,OOO.

Dispatches were received in Wall
Street yesterday from Havana that the
Morgan bid for the &1O,000.0OO Cuban
,oan was the best and that the Cuban
Government expected to award the con-
tract to the bankers.
At the office OF J. p Morgan 4 Co II
was said that IL the bid was the best II
was expected that the award would be
made TO the Arm. 1t Ii understood that
the First National Bank. the National City
Bank and Kuhn. Loeb 4 Co. will partici-
pate with J. p. Morgan & Co.
The objection raised by Speyer & Co.
20 the awarding Of the contract by Cuba
10 any other firm. 1t is believed. will not
be observed. Speyer 4 Co. hold that n
contract made with the Gomez Govern
ment In 1909 gives the Arm the exclusive
privilege OF financing Cuba until 1919.
provided its terms are as favorable as
others. The State Department refused to
back the Speyer claim on appeal by the
Arm recently and the matter Is a question
Of dispute between the Cuban Government
and the Speyer Arm.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
Once OF
BROOkI.YN RAPID TRANSIT co.

Borough of BROOKLYN, January g 1914
The annual meeting Of tn" stockholders Of
the brooklyn Rapid Transit Company for
the election of four ca directors to serve
of election To serve a. the next succeeding
annual meeting and for the purpose of trans
brought before the NJ, citing, Will he hold ut
twelve o'clock noon ON Friday, IRuuhl' 3oth.
1914, at the office OF the company, 50 clinton
street. Borough OF BroOkly "a, New York CITY.
The polls Will remain open for on" hour.
The Transfer Rocks VIII be closed az 2
o'clock T. NJ. ON "Wednesday, January I'm.
1914, ana Will remain closed until ten q clock
A. NJ. ON the day immediately sue rrgtug
said stoC khulders' meeting
j II. BENNINGTON Secretary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
THE BOSTON MARKET.

BosToN. Jan. 16.--The lJcal market was
active with stronger tone. Trading In
the coppers was very broad, activity de-
veloping In issues which have not been
traded In for several days. Quincy
jumped !. Alloues gained IN. while Mo.
hawk strengthened .. The advance of
lake to 10Y. more than double the quo
tation. ruling several months ago. Is a good
illustration Of the change of sentiment
toward the copper shares. Boston Ele-
waited was feature of the rails. II
opened at 81 owing to the adverse decision
OF the arbitration board. It rebounded,
however. to 81 ". up 3ia, and closed at
90h Boston and Maine touched 80. up
". while New Haven dropped ~ to
75&. Edison Electric was the only
feature Of the industrials with an advance
to 249%. up ~. The summary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
ELECTIONS AND MEETINGS.
THE HANOVER NATIONAL BANK
OF IHE CITY OF NEW YORK.

New York, January 10Th. 1914
AZ the annual meeting of the stockholders OF
this Bank held on the 18th instant the following
named gen tlcmen were duly elected Directors for
the en- suing year:
William Barbour Francis + Maxwell
Henry X, Carsc Edwin g.. Merrill
J. William Clark samuel I, Peters
James NJ Donald John =. Phipps
James +. Fargo John J, Wker
T.. Hayward Ferry William Rockefeller
William Halls, Jr. ", Emlen Roosevelt
William DE +. Haynes Elijah y. Smith
Ernest Iseln William Y, :. lhorne
Arthur Curtiss James william Woodward
W. DE lanccy kountzc Samuel Woolverton
At meeting OF the Directors held this day
the followin officers were unan imously reelected.
Mr., James Donald. Chairman of the Board:
Mr.. William Woodward, President, Mcssrs V.
Hayward Ferry. Henry Il, Carsc and samuel
Wooyerton. Nice-PresidcntS.
ELMER T.. WHITAKER. Cashier.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
Road 10 Pay speyer $4,000. 900.

The directors of the Minneapolis and ST.
Louis Railroad have arranged with Speyer
4 Co. for the payment of the 100000
. per cent. notes which mature on Feb
ruary I. II is understood that the notes
will he paid off. A new issue of notes will
he taken by Speyer Il Co. and placed
privately. No formal announcement was
forthcoming yesterday. but II is believed
that the floating indebtedness Of the COM
pany will be reduced in the payment Of
the notes by about 100000.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
DIVIDENDS AND INTEREST.
THE BALrIMo taxs = On OHIO RAILROAD

OFFICE OF THE SECRETARY,
Baltimore. Nd, January s. 1914.
The BOARD of Directors this day declared
from the net earnings OF the Company
for the six months anded December 81, 1913
dividend Of Two t2) Per Cent on the Pre-
ferred stock of the Company, payable March
., 1914. TO the stockholders Of record at the
close OF business on January 81. 1914
The Board also declared from the surplus
earnings Of the Company a dividend Of Three
go Per Cent. on the Common stock of the
Company, payable March . 1914 to the
stoc kholders OF record at the close OF bust
ness on January 81. 1914
The transfer books will not close.
&. w. WOOLFORD Secretary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
BANKERS Trust Takes Newark Bonds,

NEWARK. y. j.. Jan. 16.-Temporary
bonds to the amount Of $1,000 900 we're
sold by City Comptroller Tyler Parmly
to-day to the Bankers Trust Company
of New York. The rate was ~ per
cent The bonds will run for six months.
he money to be used In sewer and paw
ng work.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
THE BABIES HOSPITAL
AE IAE IIIA AI NIM AAR L.

The Annual Meeting Of the society N.lI hs
held in the Directors Room Of thu II spite.
6hth street ana Lexington Avenue, li1rIuGh
OF Manhattan, on ruesday, January goth. At
$40 oClo, X. for tn" purpose ui clcDtug Ave
uf such other business is may prnpof't ,oWa
before the meeting. At tn" tdJuu"ufurIt ut
the Annual Meeting the rrguarlN quarterly
Meeting Will be hold
-. OGDEN CHISOiM SccrctrF
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
MAY TAKE UP TOBACCO CASE.
Mercy nolds Also Here, wall street
Hears ON Atlantic Coast Matter.

Attorney General McReynolds. who Is
in town, will confer with United States
District Attorney II. Snowden Marshall
to-day, 1t Is said, in Wall Street. about
antitrust matters. including the Atlantic
Coast Line and the American Tobacco
situation.
Mr.. Marshall said last night that none
OF these matters was to be discussed, so
far as he knew.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
DIVIDENDS AND INTEREST.
THE TRENTON porTER,rS 90.

,tn tol. ~ d Jan uhIg u, lNl Z
DIVIDEND No. ~
a., ~ meeting OF The Hoard Of Directors held
WIS day dividend OF ONE PER CENT u"ai
Was dec Jared on the Non Cumulative Preferred
S $40, OF me Company. payable ON January -.
WI, 10 stuc khol dcrS OF record al O'CLOCK - Nj
January IS. 1914. Transfer books do NOT clos.
C. Il. LAYTON, Secretary d Treasurer
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
BROADWAY TRUST COMPANY.

Nov YORK, JHnUary 10, wv,
The Board OF Directors OF this Company
has this day declared a Quarterly Dividend
Of one and one-half per cent, paya HE
February z, 1914, to stockholders Of record
at the close OF business January 81, 1914
Transfer hooks will close at o'clock 4.
NJ, January 81. 1914. and reopen at 10 o'clock
A. NJ, February e 1914.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
AMAIGAMATED COPPER COMPANY,

~ broadway, January 18Th. 1914.
At meeting of the Directors OF the Anal
gainated copper Company = dividend OF ono
and one half per cent. q izotJ was declared.
payable February 23rd, 1914 IN stockholders
~ record on tho hooks Of the Company as Of
IL o'clock noon. January 2tth. 1914.
\. II. MEfIN, Secretary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17

church x worth ST., New York. Jan. IL. 1HIt
y quarterly dividend Of one and one qiiarfer
q = p Per Cent. on the First Preferred stock
and one and one half Il u ~ Per Cent on the
Second Preferred stock OF this Company viii
be paid January 3lst 1914 to holders Of the
Preferred Stocks OF record a. T. VI. Friday
January 23d 1914. u. y. FORCE. TREASURED
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17

January oth, 1914,
The annual meeting OF the stu,kLu,.rl~ ~
this Company for the eie, lion OF Trustees TO
serve during the ensuing year VIII ne hold At
this ONCE MONDAY January 20. i'l+ Tolls
will be open from ~ NJ to | = N rrans'-
books Will close Sat urday January 10 1915
10 NJ and reopen Tuesday. January ., 1917
r A CAnTER. Secroteiy.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
UNITED DRY GOODS COMPANIES

TfONOK"n, =. J., JHUuHrN n, III
quarterly dividend Of Two Per cent ,""ol
will be paid January 3lst, 1914 to holders of
Common Stock OF United Dry Goods COM
panies OF record at Il. NJ. Friday. January
23d, 1914. MOSES El.N, Secretary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
DAILY TREASURY STATEMENT.

WASHINGTON, Jan. H.-The statement Of
me receipts and pay warrants of the Treasury
shows
Yesterday This month. Fiscal year.
Receipts 5000. $50 s25. s22, 62I SS7s 7sl. s<i
Fay warrants i,s9c,o2s q. D7 3s6 o3, iss
Surplus .,... t3Ti.55s 80, 5si, $50 '3is2+2, 2&7
'Dehct
Receipts from customs yesterday were SNs,'
'hl; from Internal revenue. ordinary. 1897 72s.
..orpora,ion tax, $3.50. and miscellaneous,
fl2llt
National bank notes received for redemption,
81 SOL sec
The cash statement OF the United States
Treasurer for January Is shows:
EI,Nn
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
ono. Of tho Consolidation Coal Company

Baltimore, Md, January 18th 1914.
The Board OF Directors has declared the
regular quarterly dividend of one and one
half per cent. Il IE) on It's Capital Stock
payable January 3ist. 1914. to the Stock.
holders OF record at tho close OF business
January 2<th. 1914
The transfer hooks will remain open.
Dividend checks will he mailed,
T. X. STUART. Assistant Treasurer.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
sUB.TREAsURY STATEMENT.
THURSDAY.

Pau by Sub. Treasury to banks.. Z
Pad hy banks TO Sub-Trsasury.
Cain TO banks on days trans .
SINCE FRIDAY LAST.
Paid by Sub Treasury to banks. ~
Patio by banks 10 Sub-Treasury. !
iain to banks. ................
Lo'' to banks same period pVe-
NiOus week .,.............
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17

state OF New York County OF New York, ~
JOSEPH BiRNE, Cashier Of tn. above
named bank do solemnly swear that the
above statement is true to the best OF nv
knowledge and belief.
at, JOSEPH BlRNE. Cashier
Subscribed and sworn to before ma ,his
18TH day OF January 1914.
IL. ID. HOLLOWAY.
Notary Public.
c.. . New York County.
JAS. G. COLG ATE
r. NJ GALLAwAN.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
CENTRAL UNION GAS COMPANY.

VUTVIWHUV lNNF' IWIWITN
The Annual Meeting OF the stockholders OF
this Company for the election Of Pre-. "'s to
serve during the ensuing year VIII b" hc.i at
the Office OF the Company, Mondiy, January
18th, 1914, at -
Transfer Books viii he closed FridR' Iauu-
try 9th 1914 and reopencd Tuesday January
Goth 1914 l.. Il WERNER SNCretUr,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17

The annual meeting of the st"'ku'ld"rs
of the I.ehlgh valley Railroad Coupai' u
I've held on Tuesday. the .0th dav ~ jhn'-
AIRY, 1914. a. 10 90 O'Clock 4 49, -
company's office, 30 @2s south Tllr' street,
Philadelphia, Pa, d @ BAIRD SECRETARY.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
BANK STATEMENTS.

REPORT OF rii 10; c;SsNlplrroS OF THE
FIRST NATIONAL BANK,
al New York city. In the State OF New York.
at the close OF business. January 18th. 1915
RESOURCES
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-17
mo 1881

mo 1881
REPORT OF THE CONDITION OF
THE HANOVER NATIONAL BANK Or
THE CITY OF NEW YORK.
az New York city, In the State Of New York
at the close OF business January 49, 1919:
RESOURCES
The Alaska daily empire., 1914-09-12
URUeUAYANs DID NOT
 RECOGNIZE RUERTA

MoNTEvIDEo, Uruguay-Speaking for the administration, Senor viera, the chief of the cabinet, declared in defense of President Jose Battle y Ordonez that the latter had not given full recognition to General Huerta dur ing the latter's rule in Mexico City. There has been considerable criti- cism directed against President Bat tie Ordonez to the effect that in view of the larger South American republics withholding recognition, Uru- quay should not have been otherwise.
 Senor viera's defense of the chief executive was that the President had only sent a message of sympathy to a fellow American, and that at the time he did so it appeared as if the United States were entering upon a campaign of aggression below the Rio Grande. Following the speech of Senor Viera he was the recipient of many con. gratulations on the part of the mem bers of Congress, who said that he had succeeded in making the Presi- dents motive clear.
The Alaska daily empire., 1914-09-12
SHIP OWNERS FIND
 PANAMA CANAL GOOD

The steamship Pleiades, the first commercial vessel to pass eastward through the Panama Canal, arrived here from San Francisco yesterday. She belongs to the Luckenbach Steamship Company of No. Bridge street.
 She sailed from San Francisco July 24 and passed through the canal on Aug. 16 Deep with general cargo and lumber on deck, she made the passage from the Pacific to the At lantic in less than eight hours. To pass through the lock from the Mira. flores Lake up to the level of Gatun Lake took about thirty minutes.
 In the office of the Luckenbach Steamship Company last evening 1t was said the steamship had saved about forty days by not taking the Magellan Straits route. She had to pay Uncle Sam about $5,OOO in tolls for the privilege of coming through the canal.
 But if she had come around by way of the Straits of Magellan" said the manager of the company, 'at would have cost far more than S5,OOO in fuel, stores, provisions, wages, wear and tear time and interest on capi, tal."--New York World.