davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
NEW ORLEANS.

NEW ORLEANS, January 2O-Liqui-
dation of cotton contracts was resumed
as soon as the market opened today,
and the offerings worked against
prices, although cables were favorable
and spot accounts from southern mar
kets were encouraging. Half an hour
points under yesterdays close
Futures opened steady as follows:
January. 500; March. $40: May, 8.44;
July, $50 asked; October. S.97.
Fresh buying met the decline and
gradually increased during the morn
ing, with the result that the lower
prices were replaced by a net advance.
which at noon amounted to 8 to 3
points
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
BALTIMORE.

Special Dispatch to The Star.
Firmer; spot No. 2 red, 1.40ss; spot No.
2, red western, LAS: January NO. 2
red. 1.40S: February No. red, 1.40% !;
steamer No red. 1.35A; receipts,
91,023 bushels.
Corn-Firmer; spot contract, rs; jan
uary, rs; February, 1874: steamer mix
ed. 751s receipts, 1v5,305 bushels.
Oats-Quiet; standard white, 571sa
57a4: No. 3 white, 57a57A receipts,
1883 bushels.
Rye-Firmer; No. . western export,
1.25a1.26; receipts. 10O,661 bushels.
Hay-Quiet; unchanged.
Grain freights-Firmer; steam to
Liverpool. per bushe1, Cd February:
picked ports, per quarter, is 6da8s
February
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
new YORK DAIRY MARKET.

NEW YORK, January 2o.-Butter-
Steady: receipts, s,1s9 tubs. Ladies.
current make, firsts. 23a23h: seconds.
22a22h: packing stock. current make.
No. 2. 20ha22.
Cheese-Firm: receipts. 1.079 boxes;
state. whole milk. fresh average fancy.
14A.
Eggs-Irregular: receipts. 1909
cases. Fresh gathered. extra fine, SO;
extra frsts, 36ha37; state. Pennsylva-
MIA and nearby hennery whites. fine to
fancy. 43a44: do. gathered whites.
3Sa43: do, hennery browns. 80: do.
gathered browns and mixed colors,
36a38.
Live poultry-Firmer; western chick
ems, baby: fowls, IAN ais; turkeys.
half; dressed quiet; prices unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
CHICAGO LIVE STOCK.

CHICAGO. January 2o.-Hogs-Re-
ceipts. $4,000 head: dull: bulk. 6.65a6.S5;
light, 6.55a6.95; mixed. 6.50a695; heavy,
6.40a6.9o; rough. 6.40a650; pigs, 5.25a
SOS.
cattle-Receipts. $4,000 head; weak;
native steers. 6.50aS.25; western, 5.0Oa
$50: cows and heifers, 3.20aS.00: calves,
7.25a10.50.
Sheep-Receipts. $4,000 head; strong;
sheep. 6.7ba6.40: yearlings. 6.60a7.6O;
lambs, 6.75aS50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
CHICAGO DAIRY MARKET.

CHICAGO, January 20.-Butter-I,n-
changed
Eggs-Lower; receipts. 1915 cases.
at mark. cases included, 25a32; ordinary
firsts, 80; f1rsts, S2.
Potatoes-Higher: receipts, 20 cars:
Michigan and Wisconsin red. 25a4o: do
white. 3sa45. wv
fowls, l3.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
United States Court of Claims.

Present: Chief Justice Edward K.
Campbell, Judge Charles B. Howry.
Judge Fenton W. Booth. Judge Samuel
S. Barney and Judge George w. Atkin-
son.
On motion of Mr.. John G. Capers. Mr..
F. B. Hagerty was admitted to practice.
Ship Plumper. Deshon master. Mr..
T. J. Pickett was heard for plaintiff
and Mr.. John W. Trainer for the United
States.
Durward Mcdonald (three cases.; SUBJ
mitted by Mr.. Harry Peyton for plain
tiff. and Mr.. George T. Stormont for the
United States and defendant Indians.
Heirs of Sidney Maxwell: submitted
by Mr.. s. B. Crandall of counsel for plain
tiffs. and Mr.. George T. Thorne for the
United States.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
S AND $50 MONEY
to Loan on D. G. Real Estate
Jesse l., HEIskELL. 1903 H 1T. NV.
ARMY-NAW.
ARMY Orders.

First Sergt John Shelley. army service
detachment. is placed upon the retired
list and will repair to his home
Can't. Earnest NJ Reeve, ed Infantry,
J 10 relieved from treatment at the Walter
| Reed General Hospital and will join his
| regiment.
is assigned to the 10th Company.
Leave of absence for twenty-one days
| is granted Capt. Leonard t. Baker. In
| fantry.
| Leave Of absence for two months is
granted First Lieut.. Ralph A. Jones, in
| fantry.
Capt. Arthur NJ whaley. Medical Corps.
| is relieved from duty in the office or the
surgeon general and has been assigned
| to duty as assistant to the attending sur
geon in this city.
Leave of absence for one month is
granted First Lieut.. Henry E. Mitchell,
Cavalry.
The resignation of First Lieut.. Howard
L. Hull, Medical Corps, has been accepted
5. 1915.
Leave of absence for one month and f1f
teen days on surgeons certificate OF disa-
bility is granted First Lieut. Frederick S.
Snyder, I'd Cavalry.
Leave Of absence for one month and
| twenty days is granted Second Lieut.. Cliff
ford Bluemel, Sth Infantry.
Naval Movements.
The Balch Parker, Patapsco and Nc
Dougal arrived at Hampton roads
January 10, the Rhode Island and the
! Mccall at Norfolk January 10, the
Drayton at Norfolk January 10. the
Tennessee at Alexandra January 19,
the Iroquois, K-3 and k-4 at Mare Is
land January 10, the E-2 at Gravesend
bay January 10. the Preble and the
Whipple at San Diego January 10, the
Oregon at Tiburon. Cal. January 10.
the Tanning. Jenkins and the Henley
at Norfolk January 10 and the Calves
ton at Shanghai January 20.
The Rocket sailed from Indian Head
January 10 for Norfolk. the San Diego
mas, the Cleveland from Guaymas jan
uary IS for Mazatlan, the Washington
from Hampton roads January 10 for
Guacanayabo bay. Cuba; the Prairie.
bay January 10 for Pensacola via
Hampton roads.
Naval Orders.
Capt. J. H. Glennon. to Washington.
d. c.. as member Of Panama fortifica-
ton board.
Lieut. E. S. Moses, to Ohio.
Lieut.. w. F. Halsey, from command
Jarvis to treatment hospital, Norfolk,
Va.
Lieut. tjunior grade) D. E. Kemp.
from Tallahassee to Washington.
Ensign M. l.. Deyo. from Washington
to Jenkins.
Ensign c. J. Parrish. from Vermont to
Macdonough.
Ensign Lorain Anderson, from Jen-
kins to receiving ship at Norfolk. Va.
Ensign NJ. J. Lenny, from Georgia to
Brooklyn.
Past Assistant Surgeon c. L. Moran.
from Buffalo to Baltimore.
Assistant Surgeon Louis Lehrfeld,
from marine regimental headquarters.
San Diego, Cal, to Asiatic station.
Paymaster Reginald Spear, from
naval training station, Great Lakes,
Paymaster N. B. Farwell, from Buff
falo to naval training station, Great
Lakes, Ill.
Chief Boatswain H. T. Johnson, from
Marblehead to Glacier.
Boatswain A. J. Svensson. from Gull
goa to treatment hospital. New York.
Machinist N. r. George, from navy.
yard, New York, to Tennessee.
Chief Pharmacist Hubert Henry, to
treatment Army and Navy Hospital.
Hot Springs. Ark. Ey
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
New York Sugar Easier.

NEW YORK, January 20.-The mar
ket for sugar futures was easier today
prompted by the more favorable wealth
er reports from Cuba. At noon prices
were about 2 to 8 points net lower,
with sales of 300 tons. The spot mar
ket was steady and unchanged. No
sales. Molasses. 3.1s; centrifugal 3.95;
refined steady.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
Oats Hold Steadiest.

Recent heavy sellers of oats turned
today to the buying side In conse-
quence prices for oats held relatively
steadier than other grain.
Provisions went down grade. inf1u-
enced by decline in the home market
The weakness of cereals tended also
to induce some selling
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
Membership Seekers Approved.

The membership committee of the
Board of Trade met at noon today and
approved the applications of several
candidates for membership. Friday
schools. committee at AIS o'clock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
BUSINESS DW|ND[ES,
BUT TONE IS FIRM
Prices Hold Up Well Under
Continued Rea|izing-lead-
ers Sell High.

NEW YORK, January 20, 1880 am
The swift pace maintained by !ester
days market resulted in further pront-
taking at the outset of today's session,
most of the leaders yielding fraction
ally, with a loss of ia for Canadiah
Pacific and l point for Bethtehem
Steel. The preferred shares of the lat
ter company gained ia. however IN
recognition of its increased dividend.
Rurnely common descended to lower
price as a result OF receivership pro-
ceedings.
The list stiffened perceptibly before
the end of the half hour under ieao oi
Reading and Union Pacific.
Business fell away more than 81 per
cent compared with yesterdays early SEES
sion, but prices were well held IN the race
OF continued realizing.
q. s. Steel Under Pressure.
1mportant issues like Reading. Union
Pacific, st. Paul, Pennsylvania and Great
Northern sold above their best In the pre-
yious day Missouri Pacific, which was
second in activity to Reading. equaled its
recent high. Canadian Pacific more than
recovered its initial loss and Bethlehem
preferred added to is rise.
United States Steel was under pressure.
also leading coppers, but smelling
gained a point.
St. Paul convertible SIS were the feature
of the bond group on extensive buying at
record prices
Missouri Pacific a Favorite.
Prices sagsed in the early after
noon, Lehigh Valley losing over
point. but the list recovered on buying
of Steel.
Trading became increasingly dull.
however. except in Missouri Pacific,
which changed hands in large lots at
an advance of rs points.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
Liability Act Held Unconstitutional.

AUSTIN. Tex, January 20.-The court
Of civil appeals today held unconsti-
tutional the employers liability act OF
the thirty.third legislature.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
LIVERPOOL.

LIVERPOOL, January 20.-Wheat-
No. 1 Manitoba, rs Sd: No. hard win
ter, lis sad; futures nominal.
Corn-Spot American mixed, new, as
Cd; old, IS; February, Is 31ad; March,
Is 4hd.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
NEW YORK METAL MARKET.

NEW YORK. January 2o.-Lead-
Quiet; S.65a3;7o; London, Els los Cd;
spelter firm. 6.40a6.50; London. f31 SIS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
Stock Exchange.

SALES
Washington Gas 5s $500 mt 1O3, $500 at 1903.
u. S. coupon Is, $40 al lO1.
Norfolk and Washington Steamboat IS, $50
at 1O5.
National Bank Of Washington. 2 at 240.
After call-Washington Railway As. $1,000 at i
81. 81 900 at 81.
Washington Railway pfd.. at "a.
Bid and Asked Prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
NEW YORK.

NEW YORK. January 20.-F1our-
Easy: spring patents. 6.65a7.00; spring
clears. 6.00a6.20; winter straights. elsa
$50; Kansas straights, 6.45a6.65.
Wheat futures without transactions
Pork, steady. Beef. quiet Lard. easy:
middle west, 10.6Oa10.70. Molasses,
steady. Hay. steady. Hides, firm
Leather, firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
French Bourse Barely Steady.

PARIS. January so-Prices were
barely steady on the bourse today.
Rentes, IS francs 20 confines; ex-
times.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
NEW YORK COTTON.

Quotations furnished by W. B. Hibbs 4 Co.,
Members New York Stock Exchange, New York
Cotton Exchange and Chicago Board Of Trade.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20

Selling Eek Dividend Today.
Louisville and Nashville railroad. IN;
Peoples Gas of Chicago, 2; HomestaKe
Mining Company, IS cents per share,
and Ciuett, Peabody Company COM, l.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20

II you waIk work. read the want col
umns Of This Star.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
Money to Loan

Secured by First Deed OF Trust on Real Estate.
Prevailing interest and commission.
Joseph |. Weller, go F St. NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
Local Securities.

Business in local securities on the
Washington Stock Exchange today was
limited. with no particular buyinp
movement nor pressure to sell. Wash
ington Gas 5s were shade easier. with
one sale at 1913. Railway As were
steady at 81. A $500 bond Of the Nor
folk and Washington Steamboat Com
pany sold at los. There were no trans
actions in stocks worthy of specisI
mention.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20

Can Money,,... 2 2 2 2
Hourly Sales Of Stocks Today.
liam. $3.50 l2m.. 1920
lpm... 75,lO ppm. 2o3,5o0
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
Officials Elected.
Mergenthaler Director Elected.

AT meeting of the board OF direc-
tors of the Merganthaler Linotype Com
pany. held yesterday in New York.
Frederick D. Mckinney was elected a
director<to fill vacancy on the hoard
caused by the death of Robert /. Gam
nell. This gives Washington two rem
resentatives on the directory of the
corporation. L. V. Murphy being the
other.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20

The National Savings and Trust Com
pany will pay the regular elz per cent
quarterly dividend February /, books
closing January %.
The ninth lecture of DR.. H. Willis
Parker before the Washington Chapter,
American Institute OF Banking, will be
delivered tomorrow night at the New
willard Hotel. The subject will be
Foreign Exchange ard Foreign Bank
Ing"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-01-20
Continental Trust Earnings.

During the past year the Continental
Trust Company earned s195,S55. gross,
at an expense Of s115,1S5. netting $780,
40, equal to s.04 per cent on its capi-
talization of S1.000,00O.
The sun., 1915-06-30
The Speculative Account.

The average brokers loans furnish
a striking commentary upon the state
OF the speculative account. which is al
together unprecedented. These loans
corroborate the contention that the
Street is bare OF railroad stocks. To
Illustrate; A certain commission house
man seized the opportunity Of last weeks
very low rates to lay in an extra sup
ply of time money. The collateral he
offered was "j0---5O''; that is, half rails
and half industrials. When the money
broker saw the collateral he was amazed.
"DO YOU know" he said. that this
is altogether exceptional? It's the first
time In weeks that ] have been offered
collateral like that The old style mixed
collateral in the proportion OF 90 per
cent. in railroads and 30 per cent in
industrials has altogether disappeared.
Now the proportions are usually re-
versed. while all industrial loans have
come to be more or less the rule,
The inference TO he drawn from this
IL plain. The speculative position Is
almost entirely in industrials There is
no speculati ton in railroad shares The
railroad shares have been taken out of
the street. To such an extent is this
the casr that there is already an arti-
fetal borrowing demand for good rail-
road stocks by commission houses which
have not n sufficient quantity TO sweeten
their loans.
The sun., 1915-06-30
4 Big short Interest.

Whatever the outlook FOR the market
in Rubber stock. therr seems no
reas ason TO doubt the existence OF big
dence, for Rubber last night loaned Nat.
This is all the more significant because
the floating supply Of the stock has ap-
parently been greatly increased beyond
the usual limits. Moreover. a good many
houses that do not usually lend stocks
emptied their boxes of Rubber when the
attractive figure was bid for Its USE in
the loan market The technical position
thus seems TO favor squeeze OF the
shorts. or at least pause IN the decline.
unless the insiders or the public itself
suddenly Increases its selling. But aside
from considerations regarding the tcchni-
cal position OF the market. II is held IN
some quarters that recovery of some
size Is due. The advance that preceded
the present decline was machine made,
IL il asserted This advance has now
been undone and discounted in the proc
ess. There is no certainty that the diVi-
dend will he passed altogether. cut in
the dist rihution might not AFFECT holders
Of the stock nearly as much as is now
thought. The trading public is largely out
OF the stock, nd perhaps also on the short
side. The more substantial outsiders. who
when they buy stock usually hang on
10 II through thick and thin, have 10 be
reckoned with The circumstances of the
decline have been peculiar and they may
make some holders stick all the more
tenaCiously.
The sun., 1915-06-30

TEN HlVIdcnd
Where a 20" follow.
n nuoiaii0n II ind
cate n bli or offer
for ~ ShGres.
The sun., 1915-06-30
GOSSIP OF WALL STREET.
small Traders Out.

The stock market was a trifle more
active yesterday. The activity was also
at the expense OF values. Prices declined
frsctionaily but to the trading element
the recession doomed large because the
trading element In dull times habitually
loses its sense of proportion. The de-
preston OF the market was attributed
to disappointment over the success of
the city bond Offering. The rank and
fiie may have been disappointed but II
is doubtful II the larger interests In
the Street failed to foresee the influence
Of recent events in the world OF finance
upon this offering. Perhaps the rank
and file expected the result of the orer-
Ing to furnish an incentive for specula-
tive buying There was also consider
able talk OF foreign selling of stocks.
particularly Steel. Foreign sales have
OF course been trickling in for several
days past. But the decline In prices,
such as It was. required no special ex-
plantation II might easily have been
caused by scattered liquidation from the
commission houses on the part OF specu-
lators who had simply become tired or
holding stocks and preferred to go over
the holidays with n clean sheet
For some time past small spectators
have been selling out. not because they
we're bearish but because they despaired
OF an immediate resumption of the up
ward movement and thought IL worth
while to save interest charges In the
meantime. Under the circumstances II
could hardly be expected that selling OF
this kind could go on without causing
slight recessions.
The sun., 1915-06-30

Canadian Pacific made new low
mark on a very pronounced Increase In
activity. The street gossip has IL that
well known speculator has been maxi
ing n close study OF the market for this
stock and as a result has inaugurated
bear campaign In II. The situation In
regard to Canadian Pacific on its face
favors a decline. The earnings have
been very bad for weeks and months
and there appears to be no early pros
pect OF any pronounced Improvement.
The stock is high in comparison with
other shares OF similar grade. Liquida-
tlon from abroad has gone on fairly
steadily. In fact. things have come to
the pass where the only buyers for Ca
madam Pacific are apparently specula-
tors who sold previously for the fall and
expect to put stock out higher up. OBJ
vlously Canada is not In "A position TO
buy stock. Europe shows no disposition
to do so. So far as this country is con-
cerned. spectators have long been more
or less antagonistic to the stock because
1t has sold so far out of line with Amer
lean rails. Moreover local Spectators,
except for small clique, have never
been lucky in Canadian Pacific. They
have lost money on 1t rather consis.
tently. For all these reasons, the street
Is hope1essly bearish on Canadian. The
only danger seen is the possibility OF the
market choking up on the snort side
The position Of Canadian Is so obvious
that the tendency naturally In for short
20 80 >rwW. 'etess ~ -rest sstrws4sss~.'
so Shas~th shorts may squeeze them
selves as they did notably In the great
decline OF New Haven.
The sun., 1915-06-30
DAILY FINANCIAL CALENDAR.

To redeem outstanding cert ficates 81 n.ssSf1i .oe
Grand total cash assets IN Treasury 2.""iiNl.i'
The sun., 1915-06-30

Total sales to-day sio74o 26775.
a follows a indicates
The sun., 1915-06-30
whlpaa wcdf

Rubber stock touched its previous low
point. but did not go through, and closed
with fair rally. To some persons the
action of the stock suggested that for
the time being the fall mad gone far
enough. that an unwieldy short interest
had been created and that the stock was
good buy for the turn. Some OF the
spectators who talked this way sup
plenented IL with limitations that they
had received word from the pool
crowd" that the thing to do was TO
cover and go long. The decline, they
said, had completely cleaned the Street
out u stock. Not only that. but 1t had
cleaned out all public holdings tina;
were loosely held and liable to come 10
market. Moreover. the trading element
had gone heavily short of the stock
on the chance that the dividend would
be passed altogether. causing another
food OF liquidation. The buying al the
latter part OF the decline. however. and
especially around so. had been very
good. strongly suggesting that the
original short interest had taken its
profits In other words the stage was
set for real rally with the short in
terest used as a lever. Nobody OF course
was prepared to state positively that
this was the state OF affairs but a good
many spectators made their disposi-
tions accordingly because. as they said.
they had II from sources which had
hitherto been so right on the market that
IL could not reasonably be disregarded.
The sun., 1915-06-30
THE CURB MARKET.
Trading smniIer-Trend Of Prices
Downward.

Trading was In much smaller volume
In the curb market yesterday and the
trend of prices was distinctly downward.
Stocks were weakest In the later deal
ings. some degree of frmness being
shown at the outset of the session.
Marconi of America and Kinnicutt Cop
per were exceptions to the general swing
and held slight gains at the close.
American Zinc opened about steady. but
sid of a point or so under moderate
selling Car Light and Power reacted
!, pdnt. United Profit Sharing de-
veloped considerable activity and was
heavy within a narrow range.
In the oil department, Prairie Pipe
Line extended Mondays gain points
further. but otherwise oils were sluggish
aud substantially unchanged
The New York City 4lss. when issued.
changed hands actively in a declining
market. opening at I02Is and closing at
I0l u. as compared with final price on
Monday OF 1903.
Transactions in detail on the market
yesterday were as follows.
The sun., 1915-06-30
DAILY TREASURY STATEMENT

WASHINGTON. June The statement Of
the receipts and pay ~arranis Of the Treas
ury shows:
juno Is This mo. FISCAL yr
Reccipts...... tl.rLgSl S.9Gl.,s2 sflt.olt.2'S
Pay warrants. i.'iN 23S 53.gl2.liS 1oS. s6g. 0.s
surplus. .... ssi3si3 seo5!,6u .s6tHS.Ge
=
Deficit
Receipts from customs June %. sHsh's
internal revenue ordinary. s93i.6 6l: corpora
tion tax, s., $50 .s5G. misc cllaneOus. S31olS
National bank notes received Tor redemp
tion, s. ss9siS.
The cash statement OF the United States
Treasurer for June y shows.
The sun., 1915-06-30
Live stock Market.

TUESDAY, June -.
Receipts Of hpCNCs 500 head
mainly for slaughter. There was no trad =
ing In live cattle. The feeling was steady,
with fair receipts expected for Wednes-
days market, Dressed beef In fair de-
mand and firm At l2u Are. per 10 for
city dressed native sides.
Receipts OF calves none, and there was
no trade In live calves. The feeling was
steady, with expected moderate arrivals
for Wednesday, ,rldc. Dressed calves
were firm NJ liM iNc, for city dressed
Neals, l2ml6c. for country dressed.
Receipts uf sheep and lambs were i,NST
head, Including i cars Tor the market
with light receipts the market was In
good position and full steady for both
sheep and lambs. Common to good sheep
sold at tHs6 per 100 lbs common to
primo lambs al sHHfli, yearlings AT S7m
-. Dressed mutton steady to hrm At Sd
l3c per lb; dressed lambs Unchanged
a. "a lHc.
Receipts Of hogs were 5,O97 head. ali for
slhughtcrers. No trade in i've hogs The
feeling was rated steady.
The sun., 1915-06-30
Money to burn.

This revolutionary change in the char
acter OF the brokers' loan is probably
not entirely due to the extraordinary
speculation in the lndustrials and the
outlook for the market The condition
Of the banks, bursting as they are with
funds, has Mt least helped to bring II
about AS one veteran broker pui IL:
For the first time in all my experience
! have been able to get u loan on any
thing"
The sun., 1915-06-30
'Par value. $50.
New City Nsteo.
Sec,IY-

SrcWT- INT.
ity. Rate. Pay. Due. Bid. Oncr. Yield
NyClty"...e Ms Sept i.r5 ioos,s lGo",s2 20
Nycity"..,s Ms Sept no io2n,s lo?'t SIS
ny C!y-..s Ms Sept. i.I7 io4 l0ill SOS