davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
ELECTIONS AND MEETINGS.
virginia. Carolina Chemical Co.

Jersey CITY, =, ], August I, BIO
Notice Is hereby given that The Annual
Meeting Of Stockholders % tho VIRGINIA
CAROLINA CHEMICAL. COMPANY for the
election OF Directors and Tor the trlnsaC-
tion OF such other business as may lawfully
come before The meeting ducluding receiv-
,ng the Annual Report of the Board Of Di-
rectors and the ratification OF the acts ~
the said Board since the last annual meet
ing of StoCkh Oldersl, will he held at the
principal ONCE OF tho Company, IS En-
change Place, Jersey city, County of Hud-
son, New Jersey, a. > O'Clock y, NJ, on
"Wednesday. the list day ~ September, 1915
uhis being the first Wednesday OF Sep
temberl. In accordance with Article l. Sec
tion !, of she ny Laws
Tho transfer books ~ the Company VIII
no, be closed for the opposes OF the meet
ing, hut pursuant 10 the statute {. The
State Of New Jersey no share Of stock Gun
loo voted on at said election which shall
have been transferred on the hooks Of the
Company after August II, 1915.
:. ID. CRENSHAW, Secretary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
THE GRAIN MARKET.
wheat Advauces--Excessive Rains
Other Prices HIGHER.


Sno~eLy weaver oVer nucn Oh ,ne
"nter wheat ue't was tne uonhhaht IN
nu.nce IN the nrooerate rise OF yes
seroay' Two TO three inches or rain
ssn III sec'ions OF iiinois indiana.
r.cports came 10 mana ihdicat'ns mat
SonsIuerap'e wneat IN snoch was oelng
nHuIou sno .nose VINO INSIST Una tne
wn'er prooucuon - only ABOUT eoo.ooo,-
v ousne.s Ieee,veu ,no,e oons'oerauon
" "o'o uls.uIpeo " me oi'cisi
ns.Sss on.nu"nce Oh 'he WEI
wa,ner. IneIe were sec''ons OF the
ose ~es' w"Ion were spared 'ne mos.
wv. ou' we area ahecteu was vast ana
nmu ,eniaiseu i~nu,sposea or unable
own wnea. Ior QUICK Shipment. ire
.S. oas" WHEAT were @u'ahceu d
u.snel
vasu si'ua'ioh realy restricts tne
Veness y the Dear FORCES. IL u
Nsn,S .nst WINE an lmmens crop IN
49," H"eI'cs aVsl,apIe the ruil
m..sne . no. apt 70 De Ieit AZ TINS stage
-. ,ne searcity Oh PIC ~nea,
s se"son anu ,he uhpreceuehted ueiay
no'e".eht VI 'he new winter
""oa' eIop' ~ PerIou Oh rainy conoi-
.o.s !" .ne sprins wneat section IN tne
.ou.se OF the next Few weeks would
sHu demand SITUATION, out IN the mean
tine inc harvesting In the Northwest Is
progressing rapidly ma exceptional
neids nave yields OF more than thirty
seven bushels an acre.
Hedge pressure during yesterdays
session was much under expectations.
The frequent selling for the leading cash
houses did not create much Of a follow
ing. as several OF the foremost trad
ers were inclined to await weather de-
velopments. Export business was ham
pered by the high asking prices at the
Gulf and a number of dealers were
switching trades involving Gulf loading.
The foreign takings were estimated al
800, 900 bushels. A steadier foreign ex-
change market Yesterday was NOT ig-
nored in the EXPORT circles.
Crop accounts from abroad ,o,d n,
! distinctly IN IA yorahIa harves,,ny condi-
tons in the limited KIrgdor ana yrea,iv
reduced Yields in Eran ne. h,,, ,ne a.,
tranan nrosnec, ,s n,acss a, ia ooo 900
hushels agnIn., % ooo oon L..
80 - $3.50" .-v,v.V'VVV '", se"'oN
- >ms 1toSs'ah 'eSu'tS ~ aio oe''er
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
BUFFALO LINES REPORT OUT.
Available for Dividends
ON Common stock.

The report of the Buffalo, Rochester
and Pittsburg Railway Company for the
year ended June 80, 1915. shows that
after the payment of the preferred div
tdends there remained 100000 avail
able for dividends on the common stock.
as compared with $6s0.00o for the same
account last year. This was equal to
4 per cent on the s10,50O,0OO common
stock. as compared with s per cent. on
the same stock last year.
Operating revenues amounted to So
40, 1895 in 1915. as compared with s10,-
1881 in 1914, with total net revenues
OF $2.544.6s3, against s2.169.57A The
total income OF the company for the
year was s3.O3e, 1913. against $685.
70s in 1914. with a surplus after the
payment OF special funds and pension
appropriations of $7s0,00O, as compared
with $780, 900 in 1914. The profit and
loss surplus OF the company Is given as
$4,000 IS on June 80, 1915. as COM
pared with s~S,s6+,00s on June 80. 1914.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
,LLEGHANY ORE AND IRON COMPANY

Sealed proposals will be received al the
ONCE OF The Farmers Loan and Trust
Company. Nos. l6-22 william Street, New
York City, for the sale to the Trustee
under the mortgage Of the Allegheny ore
and Iron Company, dated February ?srd.
1905. or a sufficient number OF bonds Sc
cured by said mortgage, to invest s24,-
Os7 SO OF the sinking Fund. The right Is
reserved To reject any and all bids.
Proposals must be presented before ~
o'clock NJ on September 3rd, 1915, and
should be directed as follows:
proposals to the Sinking Fund OF the
Farmers Loan and Trust Company. Nos,
1879 william Street, New York city"
THE FARMERS LOAN y TRUST
COMPANY, Trustee.
b. EDWIN $, MARSTpN, President.
New York, August ~. 1918
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
TO TEST FREE PASS LAW.
Issue Between State and Railroads
May Go to Highest Court.

TRENTON, y. j.. Aug. 1.-THE deci-
sion OF Judge Carrich OF Jersey City
holding hat the validity OF the free pass
Law could not be tested In an action for
debt will be carried up to the Supreme
Court for review.
The litigation involved was the suit
OF the Pennsylvania Railroad to recover
approximately &l,400 from l.. Edward
Hermann. private secretary to Gov.
Fielder. for transportation fees after
being advised that his pass was invalid.
Notice of the appeal was served upon
Mr.. Hermann to-day.
In the event OF the Supreme Court
declaring the act constitutional the case
will be carried to the Court OF Errors
and Appeals and finally the Supreme
Court OF the United states.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
H SUGAR MARKET.
ReAners Not Buying-No Pressure
10 Sell Noted.

The raw sugar market was dull yes
terday. with prices nominally unchanged.
Refiners were not In the market for new
supplies. and no marked pressure to sell
was noted. The cable from Cuba re-
ported decreases in receipts and stocks.
Exports were larger. and there were
Ave mills grinding. as compared with
six In the preceding week.
There was a very good demand for
Withdrawals against old contracts for
refined sugar yesterday. The price stu
alton was unchanged. with the Federal
Sugar Rehning Company quoting $50
cents and all others $50 cents.
The sugar futures market at the COZ
fee Exchange was comparatively quiet.
with prices easier. Total sales were $3.50
tons.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
PusLICATIoN BY THE MANHATTAN

PUBLICATION BY THE MANHATTAN
1AyINGS INSTITUTION, GA B'way. New
York. OF depositors Of additional Dormant
Accounts not. previously. reported. and their
last known places Of residence In .accordancc
With the provisions az the New York state
Banking Law. Section 274.
Carl; Maria. 1872, Green st.. Brooklyn. N. Y.
Fimsnello, Jim, Iaborer. 1921 Green st.,
Grenrebach. Annie E.. New Rochelle. N. ".
,Hsnenden.. Clara, LAT West I5th st..
Ny. c., in 1892.
Haisted. Elizabeth g.. Syracuse, N. ". in
1891.
HYber, Anthony. engineer, s44 East 18th
st.. n. Y. O.. In 1892.
kipp, trustee. William H.. In 1850. .
Masonic Assurance Association Of City OF
New York. In 1879.
In 1902.
Pond. bridget. saybrook, OF, in 1892.
Silyer,tcin. Joshua, bookkceper. $50 Grand
stanton. Grace. ios West 10th st.. N. Y. c..
vsnni. Michela. farmer. ineland N. j..
In 1901.
VINCENT, Charles T., actor, rs East 10th st..
vourse. Walter g.. clerk. s2s Seventh Az.
| v. Y. O., In 1888.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
PennsyIvanI Files Mortgage.

ELIZABETH, N. j., Aug. 1.-THE larg-
est document of its kind ever filed In
Union county was received to-day by
County Register Frank Smith. 1t was
sent by the Pennsylvania Railroad n
was a general mortgage given by the
company to the Girard Trust Company
of Philadelphia and William y, Ely,
trustee, to secure S65 900, 900 worth Of
bonds, which are to be used to retire
convertible 3Ia per cent. gold bonds, due
October /, 1915, and also to secure funds
for the track improvements now being
made along the line.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18

The Republic Iron and Steel Company
yesterday resumed dividends by the
declaration OF a disbursement of the
regular ~ per cent, on the preferred
stock of the company, An extra divi-
dend Of u OF l per cent, was also de-
clared on account of the accumulated
dividends on the preferred stock This
leaves ~ per cent, accumulated divi-
dends as yet unpaid on the preferred.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18

Herbert l., Pratt, vice-presIdent and
director OF the Standard oil Company
OF New York and a member of the firm
of Charles Pratt 4 Co, was elected a
director of the Bankers Trust Company
at a meeting of the board of directors
held yesterday. 1t is interesting to
note that Mr., Pratt's election Is in line
with the new banking legislation known
as the Clayton bill, as heretofore the
board of the Bankers Trust Company
mas been composed of representatives
OF banks and bankers.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
NOTICE TO STOCKHOLDERS.

Special Meeting OF the stockholders OF the
FRAT 4 FARMER COMPANY will he
held on the Goth day OF August, 1915, al
three o'clock +, NJ, at the office OF satd
Company. No, IS Fast ?lst street. in the
Borough Of Manhattan, Guy Of New York,
for the purpose of authorizing an amend
ment Of It's Certificate OF incorporation, hy
the extension OF the purposes powers and
provisions thereof
Dated, New York. August .. 1915.
WILLIAM II, FARMER, President.
HENRY BROWN, JR., Secretary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
THE COFFEE MARKET.
Futures Quiet-Prices Close steady
a 10 4 Points Up.

The coffee futures market was quiet
yesterday. but prices were steady and
finished 2 to 4 points up, on trans
actions Of 1880 bags. There was a
somewhat better feeling or the exchange.
owing to the firm tone at Brasil. Ex-
change was reported higher. and spot
prices advanced rs to 100 reis. Offers
In cost and freights were unchanged.
Spot prices In the local market also were
repeated.
Brazilian markets were firm on Mon
day. Rio Is advanced rs reis to $500
and Santos ~ were 100 reis higher Mt
$500. Rio and Santos receipts toiailed
1900 bags. Sac Paulo had $1,000 and
Jundiahy $4,000. The rate of Rio ex-
change on London was advanced TO
10 7-16d.
Dxtax. ,ax
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
H BOSTON MARKET.

BosroN, Aug. ia frmer tone was
noticeable in mining shares. particularly
In the copper shares. North Butte was
I u points niger, Old Dominion was fracs
~tionally better. n Copper Range closed
more than a point above last nights
closing. Industrials and railroads were
steady and dull. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
THE PITTSBURG MARKET.

PITTsBuRG. Aug. 1.-THE stock mar
ket here was active and strong, Pitts
burg Coal advanced 2H points on active
trading. Columbia Gas and Electric
continued IN good demand, selling up to
IL and closing at l+is, Manufacturers
Light and Heat and Pure oil were other
actiye shares. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
REP BIIC IRON & STEEL COMPANY
DlAlInnd m IL

A. a meeting OF Tn" Executive Commit-
tee ~ the Republic Iron ~ S,col Company
held August 10th. 1918, the regular qUar-
terly dividend Of Is. n on tn" Preferred
Stock, was declared payable October Is,
1875, to stockholders OF record S"pt' mhe-
18TH, lgl5. and thefe was also declared an
extra dividend Of "a Of II on account II
the cumulative prr'errei divi .arAs ar ~
duly 1T, 1913, payable October l~'. 1915, q
sto, kholdcJs Of RE, ri September isth,
1918. Books remain open
RICHARD Jones JR. Secretary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
WANTED

Stock salesman OF ability TO place new
issue of SIS. ooo guaranteed 7T Preferred
500 per share. Manufacturing corpo-
ration. established thirty years. charging
plant. Guaranteed interest regularly paid
since incorporation. satisfactory arrange
ments.
Address NEW JERSEY. box ITO Sun once.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
THE CHICAGO MARKET.

CHICAGO. Aug l7,-Trading in his
market WAS again very act We, Union
Carbide was the prominent feature,
making a gain OF about three points,
Sears ROebuck also showed a higher
tendency. Booth Fish com. was a
little easier, while the preferred held
steady. Other issues showed no par
,Irular changes. Chicago Ry IS tirmcr.'
Elsewhere prices remained unchanged.
Tire
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
C%0TTONsEED OIL.

There was pronounced weakness In the
list. Refners were hedging their crude
oil purchases. Texas crude sold at 33c.
Sentiment was bearish. so that the chief
support came from shorts. New low
levels for the movement were scored.
Transactions for the day were $4,000
barrels,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
THE ANN ARB0R RAILROAD COMPANY
NOTICE OF ANSCAl MEETING OF
STOCKHOLDERS
To the Stockholders Of The Ann Arbor
Rnilrnad CnmnanN;

Notice Is hereby given that, pursuant to
the Ry-laws Of The Ann Arhor Railroad
company. the annual meeting Of the stock
holders OF said Railroad Company viii be
held at the office of said Railroad Com
State Of Michigan, on Saturday, the 18th
day ~ September, 1915, at ten o'clock Ia
the forenoon OF that day, for the purpose
OF eleCting directors, OF eiecting inspectors
OF election to act as such at the next an
nual meeting for the election of directors,
and OF transacting. such other business as
may come before the meeting.
The books for the transfer Of stock Of
said Railroad Company Will he closed from
2 y. NJ on september TIN, to 10 A, NJ on
September 20th, 1915
IL, u, BLANCHARD,
Secretary OF The Ann Arbor Railroad
Company,
August 18th. 1915.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
III AMERICAN TOBACCO C~OMrNNY
Ill WIN ANrnmc.

Now lOTk, NuguNt T. INII
The dividend scrip issued bR this COM
pany September /, l9l4, Wi. be paid At
maturity, september !, l9la, together With
interest due, on surrender of c"rtincutt = 10
Guaranty Trust Company of New York, 30
broadway. New York CTS, properly en-
dorsed, Interes, Will cease september /,
1915,
J. NJ. W. HICKS. Treasurer,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
DIVIDENDS AND INTEREST.

The following Issues Will be payable On
presentation at the once NJ the l>ITED
STATE TKt ST COMPANY OF NEW
NoRk. No g. Wall street, on or after sop
TENDER LIST, 1915:
Interest due September Ist, 1915, on ~
lnntir Coast Line Kailroad Iompany First
Consolidated ~, Bonds.
Interest due september Ist, 1918, On "
lantic Coast line Railroad Company 80
Trust Equipment Bonds uI 1907.
Principal Of Atiantic Coast Line Railroad
COMPANY 4. Iru-, Equipment Bonds, Nos.
1901 to 3s95. inclusive. due september iSt,
1918.
The transfer books Of said hunAs VIII ~
TENDER Let. 1915.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
NATIONAL CLOAK 4 SUIT COMPANY.

July JUN TFTh-
A quarterly dividend of one and three
quarters per cent. tAHl on tho preferred
capital stock Of this company has been
declared, payable on September LIST. 1915.
to stockholders of record at the close of
business August 18th. 1915. Transfer
books win not he closed.
WILLIAM ROsENBAl'M. Treasurer
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
THE PHILADELPHIA MARKET

PHILADELPHIA. Aug. l7.-The stock
market here was quiet and firm. Heavy
trading In United States Steel was the
Eonds were fairly active. with
Pennsylvania Railroad as leading In
activity. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
THE NATIONAL SUGAR REFINING
(NMnANN OF NEM LEkSEN.

NV 1OTk, NuEuNl mn, WV
The Board Of Directors of this Company
have this dly declared n dividend Of ONE
y ONE-HAIF FER CENT, arse on
tho Capital stock a the Company, payable
October md, 1915, to stockholders Of rec
ord at the close ~ business september 9Th.
1915. II. +. MOLLENHAUER. Treasurer.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
DOLLAR BONDS TO
PAY FRENCH LOAN
Pennsylvania Company to Ar
range Conversion of Franc
Securities.
KUHN, LOEB l. co. AGENTS

One OF the strongest demonst atiohD
Of the strength and position Of this
country In International finance Is about
to be given in the negotiations which II
was learned yesterday are now going
on for the paying of Of over half OF
the S&3.o oo. 900 loan recently made by
American bankers to the French Gov
eminent through Rothschild Freres OF
Paris. This part Of the loan Is to be
paid off. IL negotiations are concluded.
through financial arrangements which
will result In the exchange Of the Penn
~syivania Company franc bonds which
underlie this part Of the loan into dol
lar bonds to be issued by the company
and to be sold In the United States.
1t Is believed that Kuhn. Loeb q Co.,
who fioated the original Pennsylvania
Company loan Of $780, 900 francs In
Paris In 1906. will finance the exchange
operation OF the franc bonds that will be
released from the Rothschild loan Into
the new dollar bonds which II Is thought
the Pennsylvania Company will Issue.
From high banking interests closely
In touch with the negotiation Of the
Rothschild loan based on American Sc
curities, which was concluded on June 22
last. the report hat the Pennsylvania
bonds underlying the loan were to be
withdrawn Inc that part OF the loan Sc
cured by those bonds paid on was con-
irmed last night. Kuhn, Loeb Il Co.
refused to discuss the information re-
garding the matter in possession OF THE
SUN.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
THE BALTIMORE MARKET.

BALTIMORE, Aug. l7-Houston Oil
common and preferred continued firm
features. Prices We're steady, but We're
little changed. Bonds were duh. The
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18

IOST-CertiHcate No. A9o7SS for 20
shares Pressed steel Car Com stock. Ander
please notify MARY A. LOWER, Now
Bethlehem, Pa.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
READJUSTMENTOF CAPITAL AND DEBT
The Missouri Pacific Railway Company
St. Louis, Iron Mountain and Southern Railway Company

In view of the proceedings taken for the appontment o. receivers for the above me
Companies the. time for the deposit Of the following described securities with the pePSsI-
has eenex extended to and tncludlnGO October 18th, 1ei5. announcement Is 70 adVances
By the DepodtaHes against coupons maturngS september t Will De made shortly.
DEPosITARIEs
GENITAL Trust COMPANY OF NEW YORK. "a Wall Street. New York City.
For The Missouri Pacific Railway Companys Forty Year Four Per Cent Gold Loan
Bonds due March 1. 1a45.
BANKERS Trust COMPANY, 10 Wall Street. New York City
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18

Spot cotton at New York was quiet
and unchanged. Mldaling, 9.25c. South
ern spot markets we're unchanged. Ia
points lower. with New Orleans, &C.:
Galvston.. sc. Savannah, $50; Au-
eusta, S.50c', and Memphis. s.s7c.
The New Orleans market closed
steaiy. Prices were:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18

Eleven A. NJ. bids to Liverpool We're:
October. DISC, January. 9.jSc. March,
ss9c. The market there is due to open
to-day 5 to 5i2 points higher.
pnceiuts' and stocks were
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
DAnY TREASURY STATEMENT.
WASHINGTON. Aus. 1.-THE statement OF
the receiuts and disbursements OF the Treas.
ury shows:
Monday. This month. Fiscal yr.
Receipts .......s 81, 59s, a3l 2l.56s,093 81. 123.309
Disbursements l.sl7.97 3~+,57s,6s 0 s,s96,S9e

Receipts from customs YESTERDAY, stG6,i2G:
Internal revenue, ordinary, $3.50, i53: corpora.
tion tax, 5000: miscellaneous, s93,So3. Ma
tionaI bank notes received for redemption.
s.? 49, 24.
The cash statement OF the United States
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18
BIDS FOR SALE OF
SPECIAL TAX SCHOOL DISTRICT
BONDS OF DISTRICT NUMBER ONE
OF SJwANNEE COUNTY, FLORIDA.

VT 81
Notice is hereby given that the County
Board OF Public instruction for Suwannee
County. Florida, will. on or before the 9TH
day OF September. A. ID. 1915. receive bids
at the Office OF the superintendent of Pub
tic Instruction OF said County for the sale
Of special Tax school District Bonds of
special Tax School District Number one OF
Suwdnnee County, Florida, In the sum Of
seventy Thousand IS'0.O00) Dollars
with semi-annual interest coupons at
tached. said bonds OF the denomination Of
Five Hundred Dollars each. numbered from
/ to ia consecutivcly and bearing interest
at the rate Of Five per cent. per annum
payable sem!-annullly on January LIST and
July LIST Of each year, said bonds and in
terest coupons payable a. the office Of tho
County Treasurer OF Suwannee County,
Florida. said bonds maturing and becom-
ing payable on the first day ~ January,
4. II. 1874. Each bid for said bonds must
he accompanied by a good and sufficient
bond In the sum Of One Thousand Dollars
or hv a deposit OF one THOUSAND Dollars
conditioned that the bidder viii comply
with the terms of his hid should same he
accepted. Tho BOARD reserves the right to
reject any and all bids.
7. s. A~LBRITToN. Chairman Of Board.
] W. OHARA, secretary to Board.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18

The Liverpool, market opened dul
There was IA quiet business In spot cot
ton. with middling . points advance a
5.tsd. Sales. 5000 bales; receipts,
1000 bales. including 1000 American.
Prices at Liverpool closed quiet.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18

New York wheat prices were:
Open. High. Low Clos
ing. est. est. ing.
September. ........... ..... 900. ..... llJl.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18

The amount of Pennsylvania Com
pany guaranteed 80 per cent. French
loan bonds OF 1905 which underlie the
Rothschild loan Is about 100000
francs, the face value OF which at a
normal rate Of exchange would be more
than S27,O 900. The balance OF the
American securities underlying the loan
Is made up of 4 per cent. franc deben-
ture bonds of the Chicago. Milwaukee
and st. Paul Railway OF 1910. which are
secured by general and refunding mort
gage bonds OF the company. 1t could
not be learned last night whether a
similar arrangement for the purchase
Of these st. Paul bonds through an Is
sue of dollar bonds by the company to
take their place was being negotiated.
The broad significance of the arrange
ment for the Pennsylvania bonds under
lying the French a Is that the bank
ers Of this country are In a position
not only to buy back from France AND
other European countries all the high
grade securities the bankers OF those
nations can mobilize. but that American
bankers are so anxious to get those Sc
o~urities at present prices and exchange
rates that they are willing to assist
these other countries In making market
abb here the American securities they
hold. which could otherwise only be sold
in their own markets. A practical effect
of the purchase OF these Pennsylvania
bonds will be the creation OF more
French exchange han otherwise possible
and the consequent increased steadying
Of rates q exchange.
At the beginning of the year when
| American bankers feared the unsettllng
effect of heavy European liquidation OF
American securities that was looked Tor.
II was held out that the issuance of
huge amounts OF railroad bonds In the
currency OF European countries, partic-
ularly France, would act as a r-otec-
ton to this market from very heavy
selling from abroad. II was recognized
that these bonds. payable principal and
interest in other currency h a dollars,
could not be SOLD here.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-08-18

GEORGE WIENER, millinery supplies, 339
Grand street, assignment TO David
Greenspan, Mr, Wiener has been In
busine ss since 1901.