davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
100000 LEVY
IN FRISCO PLAN
New Company To Be Formed,
According TO Scheme Worked
Out by YOakum.

81. Louis, Jan. l1.-Plans for the re-
organization Of the st. Louis & San
Francisco Railroad, now in the hands
of a receiver, were learned from an
authoritative source here to-day. The
plans include an assessment of Sl2 30
10 SIS on each share of Frisco stock.
which is expected TO yield about 81
100000 10 the railway treasury.
A new corporation will be organized,
and the old corporation that operated
the railroad before the receivership
will pass out of existence. A new cor
poration also will be organized IN
Texas 70 operate the Texas lines Of
the Frisco system.
1t is hoped that the reorganization
will be completed within ninety days,
but at present the plan is waiting for
an easier market. With the money OBJ
tanned by a stock assessment IL is said
all claims in the way of a reorganlza-
ton are TO be paid off and then new
mortgage against the property will be
placed. But one class of new STOCK
will be issued.
The plan is the work Of B. F. Yoa.
KUN. former chairman of the board OF
directors Of the old company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
PUBLIC UTILITY NOTES
General News and Earnings of
Various Corporations.

An issue Of 100000 one-year col
lateral trust per cent notes has been
sold by the Pacific Gas and Electric
company 20 Bond & Goodwin. OF this
city, subject to approval by the Cali
tornia Railroad Commission. The pro-
ceeds derived from The sale Of these
notes, 1t is understood. will he used in
financing notes maturing March %.
The amount Of the original issue was
StOOOO00. and tho company anticipated
payment on more than $2O00,000 some
time ago, in addition TO retiring an ad-
dluonal amount from the sale Of pre-
ferrcd stock, leaving at present but
100000 OF the notes outstanding.
Great Western Power.
Gross operating revenue Of the Great
Western Power Company system. con
sistinC Of the Great Western Power
Company, the California Electric Cen
Grating Company and the City Elec-
trio Company, failed TO show any
marked improvement for the twelve
months ended November 30 over the
year preceding. total combined earn
ings amounting 90 S2.6S0,44S an in
crease Of but S6.4SO. Net earnings,
however, were increased from S1.707,-
COZ in 1918 90 Sl.79l .s24. the larger in
crease being brought about by a heavy
retrenchment In operating expenses.
which were reduced nearly $4,000. BY
including other miscellaneous incomes,
total net earnings showed a gain Of
Sl20,615. an increase of nearly Z per
cent. Surplus after interest charges
increased S69,076 20 SS0S, 7S5, and the
balance Of surplus after dividend dis
bursements was S65S 1S5, gain of
nearly - per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
COTTON IRREGULAR,
BUT CLOSES HIGHER
Investment Broadening, and
Heavy Spot Sales In the
South-Spot Advances.

There was enough realizing and
hedge selling 20 cause some irregu-
larity in the cotton market yesterday,
but the chief feature appeared 20 be
the further broadening Of investment,
which proved active enough TO send
several months into new high ground
for the season. Buying orders more
numerous and on the average called for
larger lots. and where n week or more
ago most of the trading was In single
contracts the bulk of the orders exc
cutcd yesterday were for lots Of two
and three hundred bales. Closing prices
were of from the best under realizing,
but the market closed steady at net
gains Of from 10 points.
Exports for the day were compare
lively light, amounting TO only 31,l73
bales, but this was modified in its cf-
feet on sentiment by the large amount
reported on shipboard at the close Of
last week, and expectations of rela-
lively heavy clearances during the next
few days. Southern spot markets were
steady 10 1-l6c higher and large sales
were reported at some points. Mid
ding cotton in Galveston reached the
Scent level for the first time this sea
son. Local spot cotton was quiet at
3 points advance TO S.05c for middlng
upland; delivered on contract 500 bales.
!
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
MONEY AND EXCHANGE.

FEDERAL RESERVE DISCOUNT RATE.-Tor
thirty days ~ per cent: for longer maiunties. .
per cent.
CALL MONEY opened at ~ per cent: highest
2i per cent. lowest "a per cent; closing. pa per
cent. renewal. Ilz per cent.
TIME MONEY was outlet. Rate. Sit "a per cent
MERCANTILE PAPER was in good demand.
Rt,Irg rates 3a.d4 per cent for best names; BANK
sccepjauc,s 5G3A per cent
CLEARING HOUSE sTATEMENT.-Er
sses f55 30: balances. Sl2.G3G.75 The Sub
Treseti~. was debtor 70 the amount o. Sl.O2o.loj
et.p TREASURY New York banks lost TO the
stb-Trcasury Sis8.OOo. and lost since friday 81
$4,000 -.
FEDERAL RESERVE Discount RATES ELSE
WHTRE-Boston. for thirty days, "a per cent ;
a. fi'rfy no ninety days D.. philadelphia. "a and
p. t,'rvesrd for thirty days. per cent; Tor tmrlN
10 si8y days 80 for shy 10 n ItiaSg,s u'S <
80 Il rrr cent. Chicago az. and per cent 81
ICiis a. & and per cent: MinnespoIH, -. .
srI 4 per cent. Kansas CITY. A. . Alu pei
80 Dsuss. and 81 per cent san ftah,lseo'
S,.'' noe Sevs per cent for thirty 70 sixty days.
~ ,,- cent for sixty 20 ninety days. . per cent
noNrSTIC EXCHANGE.-Boston. par. chicago.
TO-. discount. cincinnati. par san - ,,
n-,mium: 81 louis. 81 discount o'2' '' premium
asked. ,- go er, -
p.Nt< CTT.GINGS Boston. exchanges ,ls.o, -
g.. lance s476. esq. Baltimore exchanges 80
9ss c-l laianccs $3.50 lOG, chicago ehehALsos -,
Us SOS ,6sd4i "a, Gaisrccs 81 926 e43: 81. Louis.
c,@psnees Si42587li. balances >l,-O'lIV
stryFR MARKET.-Bsf silver ~ LONDON w.
oo- a a. ounce up $3.50. New loik 0uo'ai.iu'
Va Isi,c. % &c: MEXICAN SILVER ''i'''
SIis a42c -, go, md
- lie and closed slightly nrmer on ia.e
1u,ias. cable and sight rstes ,bie Isl
's'2;. demand e,t 'sa able ray "a. check si
cne,k PIP .tii,e,i day Sii's London tbaukersl-
Sirg fsys 4sIaAbl.t ninety days A-oV'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
LIABILITIES.

tani'1l STOCK .ssss. .-+.s+.ss .ss.ssss u
surplus on market values. surplus
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
CHICAGO GRAINS DECLINE
Wheat Partly Receivers Heavy
Drop-Provisions Lower.

Chicago, Jan. Vivid selling OF
wheat resulted to-day from reports that
the fleets of England and France were
successfully breaking through the
Turkish defences of the Dardanelles.
After a downward plunge of Sac from
the top figures the market closed rest
less, &c 10 31sc under Saturday night.
Other leading staples all finished at a
decided set back-corn. 1hc to 1i2c;
oats, 1c TO lac, and provisions, 12i2c
to 47le a soc.
Dsmay seized traders on the bull
side in the wheat market this after
noon when a series OF reports was cir
culated indicating that the Turkish
hold on the Dardanelles might at any
moment be a thing of the past. The
worst Of the unloading by wheat hold
ers took place after the rumors crys-
tallized into definite assertions that
one of the Turkish forts had been en-
tirely demolished and others greatly
damaged. Under the consequent crum-
bling of values sac bushel vanished,
as compared with the record last week
at the highest price realized since the
beginning of the war. Desperate at
tempts at rallies in the last minutes of
trading overcame part of the losses,
but were far from fully re-establishing
the tone of the market. Range of
prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
THE BUYERS WILL
LOOK AT TO-DA Y

Pope s~h roots. W Boston. 'lSi ~ 70
Az. i2h floor . ,,-,.. q.
TOLEDO-W r Miner CO: Ho'msys''
W "a a. sfh f00r
Mems ard soS "sr
BOSTON r p White Go. sn EoVsn. 'io'h'ns w
criieAGoELra k.s.a. NJ Mayer -. 81 Uai'-
81 20 floor . .,,.str..
CuIcACO- Hunsn's. NJ Drr.. nen' e'''i''s'
ms ~ 3ld RI. lsfh for -. -, .ts.a-
CHICAGO MandeI Bros NJ More wv
Mz i3 ga 81. fl'h for .-..--.-
DAfrAS TFN -Nrlman Marcos O..
I'D Mason. bo3v c.othins 10 go -
cIFvFfAND- Go. s samuel n'n' h'''
81 " .ffh e.. sob floor -.
los ANGEtrS- I.rly Bros. p strauss. ">'
BAN rots. mo " 22d -. i5ih hoof' 49,. s,...
pTTrSBi RICH B1gw a. Blhi, W w.
81 W gen 81 s'h roor A.. t,o.. h..: a.
at PAff,-MsrheImer Rr1s. Mr shuf-. 'ile'-
inu. 1870 Bxay. sh foor -, ,,.s
WILMINGTON &C Usn0elhaAn' ~
suits. 40 4th az ION floor
pise.llaneouI
BosTnN-Frr-.'s lbtsemr1l. W rfnitn, '.
pe't'coa's infants. rh.|ircrs an1 MISS "'
and coats. lie w 32d st . 49, -.
ROsTON-W a Bacon 90, VI
rhsndise usrager. 50 Union 81 - topf 49,,
pt-FFATO-si-g-i,f 4 Fralsy. ca s'f nofo0'
,nd h,s,ery. % " -2d ST. s'h foc-
ST PATI@-Nsnheimer Bros. MIS- D'ffs $50
ST IoiIsEB Nus,rt 4 Bro Dugoods O.. NJ
Roth linens aud handkerch.cfs. 1lf riiiei'--l.''
toy, ard dolls. go 4th A. l-'h forf'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12

rr rvTT,AND-May Co: Sol Well domestics and
,1ssh goods: 81 W 26th 81. sth moor, NJ, l.
wa, S.Wun " Block Co. w Block. f.
dons.fir. Mr. Page silks 1891 Bway. I'm hoof.
.r 'Iof,ISIR Nugent Bro Drysoods co; Mr
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
SHORT TERM NOTES.

1.vnor, Realty CO. Raths ct al; Jan. q isl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
RECEIVERS TO DECIDE
Court Rules on Clafiin Orders
Prior to Failure.

In an opinion handed down yesterday
in the United States District Court
Judge Learned Hand held that the re-
ceivers for the II. B. Clafiin Company
have the right TO decide whether or not
claims for goods delivered after their
appointment and prior to the filing OF
their bonds shall be considered as
claims against the receivers or against
the firm. This applies to goods that
were ordered by the II. B. Clafin Com
panv before the failure.
The opinion says: The receivers are
instructed either to pay or abandon
such claims, in which case the sellers
will be allowed TO pursue such rene
dies as may be advi sed.'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
BRIEF WALL STREET NEWS

Stockholders OF the Continental Insurance Com,
pA1y al their annual meeting yesterday. elected
Samuel Riker IT, and Frederic W. Scott TO the
board Of directors succeeding Charles A. Moore
and Alexander /. orr. deceased.
The Fidelity PheniI Fire Insurance Company o.
New YORK yesterday elected Edgar Palmer and
Dudley Olcott directors 20 I'll vacancies.
Exports % copper during the week ended De-
cember u amounted 20 1884 tons.
The BROOKLYN City Railroad Company. a, the
annual meeting yesterday. elected Henry 7. Moves a
director following the resignation o. Ed"aId D.
White.
Announcement has been made by the COMMITTEES
Of which OTTO =. Barnard is chairman. represent
ing holders % the ~ per cent mortgage ana col
lateral trust bonds OF the International Mefcsnte
Marine Company that substantial amount OF Inc
bonds have been deposited.
stockholders Of the Reading subsidiaries have
elected Aenew T. Dice 20 The board ~ directors IN
each company. succeeding President Theodore Nof-
bees
Retirement Of emergency currency. yesteIday ~
New York banks amounted 20 SJgO W. bringing
the total 70 date UP 10 $40. o55.o2J.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12

!, denying that Mr.. Wilson limited a.
second term in his Jackson Day
Tts,t Nr. NcAdoo is thought by some
20 rave called attention 10 his own
availability as Presidential timber. Il
uii W. NcAdoo, as was gratefully re-
rsrseled 10 the financial district yes
Gdsy who saved the country on so
-gry occasions that # there were
recalls gwen for each service not even
70 ,hsst Of John SHELTON Williams
Iola be large enough 10 hold them.
itss services are not mere rumOr,
g'her, Mr. NcAdoo himself has pro-
AIMED them he and the new War
Ttk Nr Williams. Mr.. McAdoo dis
ayued the conspiracy 20 depress gov
rnen, bonds and give the currency
l q black eve iu its defenceless
.'.sseence. On the theory that there
a'tot be TOO much Of a good thing,
I's1 there was a surfeit Of money in
country he put out yet more.
trough his aid 20 his native state,
tntssee, he earned the proud title
NE second Hamilton; the greatest
sIeisry Of the Treasury" He faith
y: ne cotton loan pool, whose lack
business is only q matter Of jeal-
.a'@ He gave Richmond a Federal
-''eTs bank. He did other things
2 numerous 70 catalogue. But they
" a. IN his annual reports-and no
9 need be ignorant OF them in
~ annual reports irreverently called
.a-paign Documents"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
Seen from Both Sides.

r., hears chief argument is that g
u, defeat Of the Allies, a success
uii on London or any or all Of a
-s- possibilities would start a new
e. selling movement here from
rad Thew point 20 the minimum
r., as evidence that their fears cor
n bones, 5. may be- are not con-
I'd 20 them. The bulls. on the other
,l take the stand that foreign in
,-5rs see this as the best country in
\, vor'd 20 have their money invest
IN. that there would he no point in
on throwing over Americans because
I detection over @ war development
81 that Europe, SIS well as this coun-
h. s tremendously impressed by the
.urcial position of the United States
nd The great volume of exports in GER
!, lines that are building up new
isil,h for her. While IL is true, they
a., ihst only certain industries are
rs,ing by European purchases and
st others apparently are languishing,
&. eject IS already being felt of the
,uslssd purchasing power in some
,arisy on business in others. Be
iar long this will be communicated
% uill others until the whole country
hare. h the benefit
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
LIVESTOCK MARKETS.
New York. January II. 1915.
WEEKLY RECEIPTS.
INNOVATIONS ZOE BEEYLs.
BEEvEs.

Receipts ,or two days. 2.4l2 head: 70 cars on
sale Including II ears Of steers. Trade very slow
limited offerings OF steers drassed a. '0oa. STEADY
shade lower Bulls dropped pc: cows 10 heavy
receipt aud badly demorai5ed vim sales uneven even
cleared late I'm the afternoon. Ordinary 10 choice
steers sold al s. 50 pei 100 u oxen: = S1e
s. So. bulls '5atI Soss iqS5 I5. extra q, state at
Dressed beef slow and unchanged go. q,
Sales-Newton Il Co: g.. ~ Tenn steers. 1883 10
s saffssi ilo7 4 e. Is g? cows vs. s's. 90
: sanders % Va steers ll9s To- So 50; 10
9h9 sI 5a $ iS s g. 1884, 1871 s. gen s is is
s. 80: cows 1852 50; . llSo. - ~ ~: "
$40. 81 TO- 8. SOS. 81 .. So. s. So 6. s-S. s. 49,
% Mcphersan & Co: 20 Va steers. 1888 lb. s. q;
IS 1899; s2, , m i Z; 5st Sgl'' 9s5
rs, . sis tg7j.
Tobin & shannon IS Ohio steers; i;ll 10. s. 80.
Z IND d sq 5i' j5 BUS y rS $780, $50 81 s. ''
state. CPS s. 80: II. esl 80 80; u. sZs. "a; D.
-" sbsmberg & Son Is OHIO steers 1873 ID. So
: Judd 4 Co. 1 COW. 90 ID. y ~. !, 20.
s. -: l. $50 s. cows and heifeE ess. y 90.
kerns Commission Co.: bulls. ll3s TO- 50. 40
'of' g. 's carti. & Son: bulls. 1898 ID 50 300
r. i64s' Is %: %, s7s: s. 3 $50. g Is 90:
81: is 700 81. II. 81. s. g; IL ,ssj. - 80: o.
SO $ IS lls. g y; a- go $ al TO- oor. ss
q, Aeaf ss5 "a IS: 81. s96. 81 5O q. 52s s. S.
" R, Hume: 2 bulls. ll5o p 10 GoS :. i Ji3
L Is Il So s. 90. ST. So 81 Isl :. 500. 81 81.
IS j. ini Wright Co. bull. ls'o b. 81. "a
cows 'i0' !" CALVES.
Recruit. Tor two days. 1850 head: i7i7 on sale
Market fe o. 2jg5oe on sfs ss,t5 'as sn Sg5 ~
prime veals sold a. s. j0g w 30 per 100 70 teN
choice selected a. III IN "a 80,
R R1, iSii ~ CTS dressed ,esis wsak =! iii49
lssc. lev zoe country drssse y "a f l7'.e
., 4 5 n, 100 u H. 49, ,ls 25 49, i37 81, ~
a lss' Slg; 10. i5l. Sl %h 9 10 SO =: q
sa rs s. s. sA *. /, e e -'l' y '0 Il
ye,riiin ga, WasS Is rsai les h. sl2 So q. 100
ST 81 ,s ~ m ~ 81 49, 20. I; l29' , ~;
~. $50. : $50. 81; q. 100. s. %: 3 barnyard
calves ma ,,i, 4 Son. 3. r-ah is2 b. tl2 50. g.
I'd sie rs iss. siI IS: 81. les. sii 90 q. u.s.
Sli q. IL. no. 81: / ~, -. cais. ls9. s. !.
5si s.. ,. ssi, s. o;9. 55e. 49,. - 49,.
Jellire Wright A Co Is Eeas. ~ -. W =;
barnard calves. gss. 1878.
n IL Hollis. 2. s.rnyAfd calves. 2ss ID. s. rs;
10 I ,1Hs tomnissien Co. IS ,eas. I55 ID. SO 50:
ST. Ie2 81 Is. 2. no. $40 50. culls. ~. s.: 8
g 1. sr,s. i ST. oi7 20 % ,, -'. W.
sanders 81 yeals. lia %. 81; 70. 10
III az: 200 $50: cuih M, s.. sO is
s. %. = Ia. 81 fed calves. $50. Sc. Jgarlin.a.
o. Tss'a a shannon. "a .,sis Iss 10. sls: Is. is2
yis5 1 100 81. 10. l55 s.. n Indiana. l5t
xs. IL ts6 50 10 cllls lSs. s. %. H. 10. s. I.
state. ~. s.. fed calves. -'-. So oarnJird
: Judd Co: : Jesrinss and barnJsfd calves.
SHEEP AND LAMBS.
Receipts for two days. s.2sl head. l2. cars OF
..l. sheep IN GOD demand and steady. pnne
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
SATISFIED JUDGMENTS.
JANUARY IL.
Manhattan.

TIA, r-., name f. that o, IN. debtor. NE second
.u,st Of he creditor and date when judgment was
f1snkrn Savings Bsnk-G. Lsusnsieln' GUY, z; e
e, LII isaIoby Fuchs; Dec. u. 1911; 1884 Al
!rsngiers Manor Corpn.-Aetns Life INSURANCE O.;
Kd. fi II Iron Works-American Ice Suppl, IG b
yi pfI; Morris, and Morris Kowsls i}oo u
Riiches. Nov r. 1918; Mt, Slyy ~
usfs.ed Amanda VI. J. Henry hasled atn
James D. Halsied-J. w. Place; nov a. c ILL., ~
H.ls,.d Amsnd. NJ and J. Hsnr-J. ", f ,5s f
r, DeI Clsra-o. Friedman: No, IS. l9iti;;
Fraser. Alexander V and Alfred Augustus Ia O.
civ Of y y. Jan. :; 1910 va ~
ssue-same. June 10, 1913. Ss.y 90
Fcinberg Isrsel-California Wine Associate,
Briefison susan d. and George E-s. B. E BOD
chandler Charles B-Ds W. Bodemheims'{ =; Sue 9s
co ay i' University Cube O. Dickson. .Fes. 3
penny. John III Spear ct al; May 10, l9lS:
pichlsr Joseph-T. Berger; NAV a. 1905; S24. 20
Same VI Beckett May - lsDi' 800"
samoa ID. Kueeland: May - lsyt' ~ ~
Same-M Hudelmaier. May ~ IYOi' '''o
The Bronx.
r.yr,or, Realty CO. Raths ct al: Jan. lsl5;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
Compensation.

y, tlerred stocks give an example Of
4 ,. laeh can be said on both sides Of
\, stssnent IN days OF large earn
y, Hey are declared 10 be but
49, ,oy the fact that the common
~. following them would have 70
~. paying dividends before the pre-
49,. dividends would be in peril. In
\, 49, o. adversely, when the com
s,'R' bends have been cut or passed,
H. - Is about how much more money
saved for the preferred.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
FOREIGN MARKETS.

Liverpool. Jan. .li.-,wHEAT-Seo quiet 10
.,,, M,H'iit ID, futures nominal CoRN-spot.
s A,e'3 nl' ftSrd I: 's n iD''i fLot np%
lamar .ts,ts ,o- HOPS ~ London iPacihc
cast. fs is.sft 5s BEEf-EsirA India me- 80
ipls. - sas BACON-Cumbeflsnd cut. ots
"A sDs sbor, rib s5s "a clear eeiss e's o. logs
clear middles. nxhL sss 81 hs, ,,n,, Ds,,s 81
.lg i,-. "a, LARD-Pnme Western. usrce..
new SIS a. Old %. sd A@ sg ,:ur fs,hsa.
t.s' a9est white rs 60. colofsd. 10.
rAIfoW- Australian. n L9naan %, -, 8, io.a.
III RpENTINE-s piits. sss LiNSkLD on ~
M. COTTossEED OTfl-lIul refined. spot. ga
.i-t -, -. &C.. - -.
yebi tas 81 LlNsEED on. % loisd. Pr
TROIEJ M-Anerlc.n refined. I'D. spiris.
s&d TURPENTINEr-Spirits. Bss. RLSiN-
American. strained 10, %. fne. iss.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
THE METAL MARKETS.

COPPER Locsi street market eoppef nim, ~ ~,
eieciroytic quoted ~ l5aGl5tc. sno "a ~.
Us. Sfet.c b. London copper closed ~ t's -
"a 'f,r standard spot $50 lis 81 Tor futures ana
egq ia for c.cciuDuc $40. , t...,
"a Ia 900 "a OOc Tor spot iu lots Of rfe tons tS,l'
Fell,eriss iu warehouse Manhattan. d. LONDON tll
'''0 a. gl52 -for standard spot. tli1 Tor iul-
me-, and ci52 fer straits spot 1900 .
TgAD-Q Quiet; New YORK spot S'VH y sg', slu
- - Io,us I5I48G0 london lead. SIS -.
ssptITER-Fifu Nes YORK spgi, 5s'e &c.
% Tast 81 Louis. $500 s0c. London spclef
'PIInh vas unchanged locally. With No foundry
No,tbern quoted. SIC 239tt u.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
NOTES OF THE TRADE

The Evan LLOYD Company departments
s.ore 81 Chicago, will run its own
ready-to-wear department from the
18th OF this month. The CLOAK, SUIT,
dress. skirt ard waist departments
were formerly leased 20 the Phiilps-
born Outer Garment Company VINO
failed last month. This change via
mark the closing Of rented ready-to-
wear departments in department stores
in Chicago. II. Magerum Will DO All
the buying, and will arrive IN the loeal
market this morning, making MS once
with the Munzer Resident Buying Com
many. at 1851 Broadway. Room sOs. IL
is Mr.. Nagerum's intention 20 start the
new department by offering seasonaole
merchandise az greatly reduced prices
and therefore he will only buy jobs Tor
immediate delivery.
Il has been noticed among the popu-
lar price dress concerns that the buy
ers are not taking TO the spring styles
owing 20 the fact that almost evetY
concern is showing a different MODE,
and prices are being slashed. In an
interview with a buyer he said: Inc
trouble with the local dress manufact-
, urers is that they are so hungry for
business that they will sell the mer-
chandise for cost just 90 get an order.
OF course don't blame them as long as
they can get their running expenses.
There is no need for any worry, as
think that the majority Of buyers
throughout the country will be in the
market in few weeks, and then the
manufacturer with the merchandise
will get the business. Many out-of-
town concerns are having larger Janu-
airy sales than were expected, and that
Is the reason for the buyers not arriy-
| ing so early"
William Calm. well known cloak
and suit salesman who has been trav-
elling through the Middle West for the
/ last fifteen years, will retire from the
woman's wear line and enter the auto
mobile business. He will be general
/ sales manager for the Bartel Snark
Plug Company, which he has Just
| started, manufacturing his own pat
ented spark plug.
NJ. Arnstein & Co.. manufacturers
and importers, Of 500 Broadway, will
move 70 their new quarters, q West
/ Both ST., about February /.
Considerable disappointment and in
convenience was caused n number OF
statesmen yesterday by the announce
merit that buyers for a number OF diff
ferent lines would be at a resident buy
er's Office in the Wilson Building, 1870
Broadway. Not only was there no such
Office in the building as that mentioned.
but buyers for the firms named had
not arrived AZ any other resident buy
er's office. There was much confusion
| in the Hobbies and Railways Of the
/ building for n time, but matters were
! finally Strengthened out. though not 20
| the satisfaction of the statesmen who
/ had been fooled The misleading an
nouncement did not appear in The
/ Tribune.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
Justifying the Minimum.

-alwille & Nashville has given a
i.t,hg example Of what President
~ s Of the Stock Exchange meant
-. ne said that minimum prices
=. necessarily bear a direct relation
aarket values. Not until the mini
y vas successfully reduced from
:. 70 l29, 20 ll6. TO 1l2, was there
\! acton IN the stock. Around ll2
80 and sellers found some common
$50 With activity created, the
~. ~ hss risen TO 1880. and the stock
80 Yesterday al 11Sa..
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-12
OCEAN FREIGHT RATES.

Limited business was reported IN chsrr.rfns In ~.
steam and SAL tonnage markets. but freighis con,
ilnued % ofer steadily and rates were strong
Quotations % Liverpool SID. London. "a HUI
and Bristol. 81. March. picked pors large tons
mage ts "a; cotton t0 Liverpool. pr 100 ID. 81
thAhIERS-B British steamer fDreu0usIyl ~ 031
qs grain. New York 20 Rotterdam. Us On Jauuarg.
British steamer 3 ne tons previously. cott0n sa-
Eaunah 10 Liverpool or Manchester rs ff Pei
ruaD March Norwegian bark 60g tons detis "a
john y II b Wes, Britain or East Ireland S0s
January. schooner. 1000 cases petroleum Ssr
Nofk 70 Bahia, 2sc. schooner SIS tons Ties CUT
port 70 New fork. &. schooner. sos tons. ties
savannah 70 New York. T.