davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
Z itii,. Copper.

Tine following is from - stdtcHon; In
regard t. the reorganization ,f tine
tli.'r copper Company by general COM
-, o. NE company contained In Il c,f-
.llly On ia, property i-sded by Eugene
Me- or. .Ir. ~ 90. I'm April. 1918.
the chile copper Company author iz"d
an issue o: Sl5,0oo. 0O0 par value of lis
collateral trust : per cent. 10 year con-
vertible gold bonds, coupon and tcg-
istered. In the denominations OF 81 900
and $500. The bonds are convertible
at the option OF the holder thereof at
any time prior to May |. 1928, into
shares of the chile Copper Company par
for par. To provide for this conversion
right the capital of the chile Copper
Company was increased 10 tie extent OF
600. 900 shares of the aggregate par value
r $4,000. 600. so that upon the conver-
sion OF all said bonds the company Will
have n total outstanding capital stock Of
$4,000, 00O divided in 4%,ir0.OOo shares
Of the par value Of s25 each. The 600.-
900 shares of increased capital stock
were deposited with the Guaranty Trust
Company OF New York. trustee. subject
to the right of the holders Of said bonds
TO convert the same as above stated.
The proceeds derived from the sale OF
the said bonds have been applied toward
the expenses of the Incorporation OF the
various companies. legal and engineer
ing expenses, payment Of Interest on the
said bonds. the purchase of the miDes
In Chile and the development and equip
nent of the properties in Chile Chile
Copper shares. Of which there are A.
100000 are selling at 2oia on the curb
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20

Wrenn Bros 4 Co. In their weekly
letter say Under existing war condi-
lions the backbone Of tho recovery and
future prosperity of this country is OF
course our huge export business. Through
this business prosperity came first to tho
producers of wheat. -four and foodstuffs
and next to the manufacturers OF war
munitions and army supplies. II "a only
by gradual degrees that the welfare
OF these industries can spread to others.
For example. before the war orders can
help n certain corner grocery store In
Houghton. Mich, which caters especially
to street railway employees, these orders
must frs, absorb the worlds available
supply of arms and ammunition IN which
able supply Of Upper third. cause the
copper mines to resume operations {:
fourth. cause the H~oughton county min
ing companies to gradually reemploy
their full quota OF men nth, thus cause
n slow restoration OF street: car travel /:
sixth. bring about a Unemployment Of
Idle street car Employed. n seventh.
enable these street a men to resume
their former standard Of living and give
moro patronage to tho corner grocery.
II 10 by uoh devious and slow processes
as this thai our huge export business
!s~ gradually affecting the whole country :
but 10 long as this business continues to
expand a hopeful attitude is warranted
The Significance OF the increase IN steel
ordeys and building operations lies in
the fact that these are among the very
iast industries to respond TO q general
recovery"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
MONEY AND EXCHANGE.

The New York Federal Reserve Bank
rates were \ per cent. for thirty to
ninety days and 8 per oent for longer
bills.
Open market discounts. prime aoosp-
tances, maturing up to ninety days, 2h
m2ii per cent.
Commercial paper rates wars ~ a
4 per cent. for sixty and ninety day bills
and for four 10 six months best names :
~. per cent. for others.
Time money was unchanged Rates
were 2is per cent. for sixty days. 2La "a
"a. per cent. for ninety days 2E a
per cent. for -four months, 3 per cent
for 1--WE months and az d3is per cent
for over the year.
Call money on the floor Of tho Stock
Exchange last week ranged between
II. and . per cent.
Domestic exchange on New York n
Louis PAR, San Francisco. 4Oc. pre-
MUM Minneapolis, 3oc. premium Chi
chgo. &c. discount Cincinnati, mar
Montreal, sSl2l, premium.
can money on London was ~ al4
per cent. short bills. 2G per cent.
three months bills, az per cent.
Sterling exchange was lower in iona
Final quotations were: Demand. IA
3-lG cables, 4.T6 1915,
Bar silver in London. 2sE. In New
York. i9lsc.
New York Clearing HOUSE statement
EXCHANGES. sl,5lt.074.l57 balances
9d,Aol,21h Sub-Treasury credit bal,
ance, $3.50, 7s2.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
FRENCH CREDIT HERE
MAY Be %S5O,OOO,OO0
Announcement Of Arrange.
ment Probable Early This
Wcck-Stocks the Basis.
EXCHANGE GOES LOWER

II Is probable that an interesting a.
rouncement regarding the establishment
of n French credit in this country viii
be made early this week. This adntN
sion was made by a prominent !nterns-
tional banker yesterday. It IL generally
understood that the credit for rranos
will not be in the i.ture Of "a Govern.
men, credit and that the collatani
underlying the credit will he a deposit Of
American securities held in Franco 4
part OF which are believed to be alre sdy
on their way to this country. II WAS n
first rumored that this initial oretR
would be for bout $50. 900. 900. but 4
tanker who Is closely In touch with -
situation sald yesterday that he thoukk
the $50, 900. 900 estimate small. Repuses
yesterday in financial circles were thu
the credit would be for $50, 900, 900 q
more.
During the past few weeks larU
credit institutions In France. prooahH
az the request of the French Government
have been sending out circulars TO their
clients asking them TO turn in their
American securities in exchange for
French war bonds. These American
securities have been gathered together
and are either on their way TO this city
or are about TO be shipped. The fact
that an announcement regarding q
French credit is expected early In m
week Led banker to believe YESTERDAY
that the securities were on their way. Il
Ia understood a the greater part Of
the securities shipped TO this country
consist of Pennsylvania, Railroad and *.
Pau bonds.
A leading banker in speaking Of IL
continued depreciation In sterling a
change yesterday said that ne believed
that It was Engiand's intention 70 oan.
tinus sending gold TO New YORK. svso
after the supply In Ottawa was ar
haustod. He added that II was his ~
lief that shipments would Be made dirsa
from England and from the Bank II
England depositaries in South Africa
and Australia.
Sterling exchange reached . new Low
record price yesterday. selling down %
4.76 SIC for demand and t.76h fot
cables. The previous low for demand
was %.7ok. Tho decline was due to the
fact that Saturday 70 always an OF day
in the exchange market and 70 reperts
that q prominent international barking
house, which has been supporting the
market in sterling, was going to with.
draw its supporting orderN II 10 not
generally believed, however. that this 10
true Italian lire also reached q nov
low eoC !. closing at b.ssN. against .
previous low Of see.
FrNnos were easier N sympathy Win
sterling. selling down 70 5.4e% 70.
checks and see for cables. The Prev
ous doos VA b.<ek for checks and
6.<5& for cables. MARKS we're easier At
SIN for ohso&s and 90 for cables. The
previous odcss was 81 1915 Tor sigh
drafts And % Lie for oablea
J. p. Morgan q Co. received another
Shipment Of $4,000 gold from
Canada yesterday, bringing the total re-
ceivsd from eli souroas since January
up 10 9l17.o S6 900. OF this amount
Canada has exported approximately
$4,000, ooo. }. p. Morgan a CO have
brought In approximately $50. 900, 900 Of
CAnada's total IMPORT
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
THE SUGAR MARKET.
Grcnt Nctiyity I'm RRw->o Change
In Rcaned.

After ruling comparatively quiet dur
ing the early part of the past week.
the raw sugar market developed great
activity on Friday. when refners en-
tered on "A buying movement which re-
suited in the purchase OF more than
40O, 900 bags Of Cuban raws, the largest
single days business reported In some
time. The prevailing spot price OF
+S9 cents was paid for prompt ship
men.s. but futures wero easier. heavy
sales taking place at 4.95 cents, duty
paid. The American Sugar Refining
Company alone took 100000 bags. moi
to he cleared from Cuba before July
10, and other refners took $4,000 bags.
There was no change in Ne refined
market during the past week. All In
terests continued 10 list graduated AZ
6.10 cents. but were willing to book
new contracts at s cents. There was a
better demand for Withdrawals on old
contracts owing to the weather, which
favored active consumption.
The sugar futures market at the Cof-
fee Exchange was quiet ana steady.
Total sales were 1880 mi
Prices we're:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
H COFFEE MARKET.
Futures show Further Declines NJ
n to ~ Points.

The coffee futures market was barely
steady yesterday. prices showing n fur
her decline Of . to 10 points on transac-
ions of 1880 bags. Selling pressure
was not heavy. but the market was
poorly supported and prices yielded easily
to light offerings. The easier cables
continued to deprcss sentiment hero
The RIO spot market showed weakness
ON Friday and exchange was again
easy. Receipts NJ both seabo1rd ana
interior points continued liberal.
Coffee m;urcs prices closed the week
with July slightly above the opening
price. white The more distant deliveries
were about 5 points off. The firmnes
of July was the feature OF the weeks
trading aud was said to be due "
the stronr technical position OF the de-
livery. July was exchanged for March
to some extent on even terms and
closed the week several points above the
later position. The market was firm
during TN. early part Of the week. hut
lrs. it, ajvlut" towarl the close on
4,l.ng WE'cl vas prompted by the
... ,. tone at Brazil.
.dlIiru markets were irregular. Rio
- were of - rcis ~ 1926. while SAN
10. u wcro unchanged at $1,000. Rio
lvI santos r.. ceipts totallcd 10000 bags.
$40 paulu had $1,000 and Jundiahy
$4,000. The rate of Rio exchange on
London vas lowered to l2 7-i6. Prices
urar,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
CRAMP STOCK AIDS RECEIVERS.
Court Allows snIe Of International
Pamp Holdings.

Judge Julius Mayer Of the United
States District Court, In N order signed
Yesterday, permits tho receivers IN
equity for tho International Steam
Pump Company to sell $4,000 worth OF
tho securities Of tho william Camp a
Sons Ship and Engine Building Com
pany. owned by tho International COM
pany.
The court action will make Il possible
for the receivers 10 take Advantage OF
the phenomenal rise IN tho market price
OF the Cramp stock, which n said to be
due 10 n that Charles schwAb
was negotiating TO purchase control OF
the ship building company.
The securities owned by tho Irterna-
tional company are 1s8 shares OF the
capital stock OF the Cramp
worth $4,000. and forty-three 8 per cent
bonds, worth $1,000 each. II mo re-
ceivers succeed in disposin1 of tham
now tho proceeds. which probably will
be many times the price paid for the
securities. will go toward paying on
part OF tho International company'p in.
d~ebtednees. The stocks and bonds will
be sold either privately or at a eah, 40.
cording TO the discretion OF the recsiverv.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
PARRY PRODUCTS MARKET.

Rr"rTEE-Ycst'rday being a shor; day
th.re wss little trading Receipts were
NcavN for q Saturday and the market was
T|" rty wti f1d the ar pros gny; o. a S'G decline s" next
week. Quality H. excellent. Packing stock
Is, coming freely, and for that reason Is
~ 'ec. Tho balance Of the market wa
unchanged. Prices; Creamery. extras, 90
score, 2Sia roNiac.; higher scoring. cSs. u
saihc.. frsts, ~ To 20 score. 27T2IAc e. :
Strtg: dairy. ,phs, finest, :s@:sisc. good
70 Primo. :6is ERIC: common TO fair.
:t@ eec.: renovated. extras, 2tia a :ic, ;
nrsts, ?3'i @.ic.' lower grades, ~ a:3c A;
Imitation creamery. hrsts. ?3H?3hc;
ladies', current make, hr.t-. :2t2c.: see
onrs al. q gee lower grades. 1914 a eic. ;
iower grades. i3n:0s.
CHEESE the market advanced on
:rsdnihns. wan ia.t Good FOR ' tEha sh o'e say' M ana
vet closed firm. with an upward tendency.
" would surprise no one to see a further
s~dyancc next week. as importers are buy
fresh fats and twins, white and colored
.psrIais' ~, "it'.c; syerag" fancy ~
skins. fresh, choice. lol- Hll'sc.: fair 10
esssc o. ihe' snort dag, and ,h.r. va.
sufficient to meet all demands. Receipts
we're norma. but below SANE day Las,
closed barely steady Prices: Fresh gath
ere5,,.s a 2Sc.; extras. nrsts. 2ois 1sic.
70 fancy, ca1 25c.; hsnnery. browns. EEL
da3tac.: mixed colors, l9h I2lc.
LIVE POTLTRN-There was little trad
ing YESTERDAY, rs most OF the business
was over Friday. There was only a small
supply on the market. Good demand fol
b~rofIers. with fowls and ducks easy. Prices.
Fowls, I5G lji7c.: hrollers, 24M use. ducks
spring, lsalsi.c.; old. I5c.; Western, IA
itc, geese, ioc.; %guineas, pair. soc: pig
cons, .0G CSC.
DRESSED POULTRy.--Butchers wer.
~ the market yesterday because 1t was
saturday. and there was very little trad
trsy Market for the whole week was
fairly satisfactory and closed steady. The
derJasd was for fresh killed small fowls
anA fancy frozen chickens and turkeys
Tho market cleaned up fairly we'll on Fri
day Mud was closed In good shape yester
DAY, Prices; Fowls, /? to hox, Western
90 lbs and over. iso.; old r~oosters, II
"" squads. prime, white. 10 lbs. 70
dozen 2.jt! . lbs, 81: 3 lbs, $3.50. Turk
eyS' fresh INNS and toms. 1saI7c Frozer
turRete, dry picked, selected, Gle. West
,rn 90 Teas; i5aiJnc. Broiiers. min
- ih.s,' Gee; Chickens. /? to box. mill
'sd al to 3s his, :oc. ~ lbs. and ovor
Il SEE; corn fed, 81 to rs lbs, isc.
IS ,b-, and over, soc: Fowls, Il: to be.
So ms. and over 10 dozen. lsc.: 40 to s,
lbs, lbc, Old ROSTERS. l2ai2Hc.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
CONSOLIDATED EXCHANGE,

II was in such stocks AZ Baldwin
locomotive. Central Leather, Dist,Ilers
securities and lnterborough common
that particular trading interest centred
on the Consolidated Stock Exchange
''Strrday. ono after another such
Specialtics were taken up and advanced
IN price, The tone of tho general mar
ket could h" referred to as good. but
tho apparent waiting tendency OF the
past few days continued,
Baldwin Locomotive led tho list In
respect Ia activity. with sales OF l,7lO
shares, II opened at GAM. an overnight
advance Of i OF n point, and rose 10
'di4 AT which Il closed, Central Leather
op"ned AZ 40ie. III u OF a point from
The night before, and sold as hish a,
~ In the subsequent trading. CLOSING
a. AZ, Dlstillcrs Securities, from an
opening price Of @G7s, which was " Of
"A point above it's closing on Triady, ad
varr"d Fl" ISL. closing NJ .77s. Inter,
borough ummon wHS particularly strong
II the c'o-", '~ Iual sale being al a
NiIrl c'n"'rd WIN an opening price
oI 49, i'ulcd states Steel common
opened at CO.'S. 90 Il point under II,
closing OF FRIDAY, but rallied and ended
the day AT 60ia, which was its highest
Transactions totalled $40 shares.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
THE CURB MARKET.
Trading Centres In h Recent
New Mining F~avorites.

Trading on the curb yesterday CEN
tired In the recent new mining fa-
vorites. particularly Kennccott Copper
and chile Copper shares and bonds, and
in the shipping stocks. The half day
session was n fairly active one. trading
in Cramp Shipbuilding, for instance,
exceeding that of the day before.
Kennecott Copper shares were the
feature of the mining list. The activity
in the stock of the day before con-
tinued. and In transactions OF 1900
shares the price advanced 1s points
over the previous closing. The bonds
were spectacular in n rise OF I points
to lis after a cessation of trading since
Monday Chile Copper bonds gained ~
point.
The bond market further interested
the curb because of the trading in the
new ~, bonds of New York city when
Issued" the price advancing i. to
1885, and closing unchanged a. lO3ia.
rrainp S%hirhuildlng stock gained 1t
point to co. on the rcuor - acquis'-
tiou Of the ompdu. by Harry Payne
Whitacy International Mercantile Ma
rinr issuca continued their activity. Tn"
NhI!eu stocks were quiet and Stan lar,
Oils showed little change.
Transactions in detail on the mar
ket Yesterday were as follows
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
THE STEEL MARKET.
Csntin0sd XAppOvsment-Dars Al
vanoed to ol.06.

Ths Improvement IN the steel indus
try made further good progress during
the past veek An advance Of prices
for bare, plates and shapes to 81. a6 per
100 pounds was made by the United
States Steel Corporation and ono O. No
independents, This action was taken
Al tho best indication OF the ma -k..s
strength. Prices on boiler tubes and
galvanized sheet bars wore also Armer
and pig iron quotations st,rened AZ
some points.
Both foreign and domestic demand
continued active during the week Good
sized orders were placed In connection
with recent foreign equipmsnt contracts
The Pressed Steel Car Company hough.
5000 IONS OF steel TO be used IN he
construction of 1000 cars for Russia and
other concerns which received part II
that oountry's order are expected 70
come into tho market for their ma,erls,
shortly. II ia understood that Russia 10
in tho market for additional equipment
France has made good sized rail pup
chases in this country.
The demand for steel bars for r--.
version into shrapnel has been veil
maintained and present Indication re
that buying by ammunition marpI--
turers will be an important factor - rs
trade for some time to come. T. ~ss
estimated by ono steel manu'e .'.'"-
that shrapnel orders now IN hari ~
inquiries before the market ca ~ a
total Of about 400, 900 tons OF s'"e' H7-s
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
GOSSIP OF A STREET.


Great expectations have been held out
10 the speculative community In the pros
pect of a decision by the Supreme Court
fl the Harvester suit next Monday
Some people have held that a favorable
decision in this cast might supply the
incentive for n resumption OF the adj
vance for which the stock Is apparently
waiting. There has been nothing DEFINITE
upon which to base these expectations
that the decision will come AT this time or
even that IT will be favorable except
that to-morrow'is the last decision day
before the adjournment of the court for
the summer recess and that the outcome
Of the Steel suit has encouraged hopes
that The Harvester suit may be decided
in similar fashion. The news slips yes
terday contained n despatch from Wash
ington purporting TO give positive in
formation that no decision in this case
would come from the court on Monday.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20

SATURDAY. JUNE ~.
Receipts ~ besves were 3ss head; all
eou.igned direct to local -laughterers No
trsrNng on live weight; feeling unchanged.
Dressed beef continued quiet At III, q
,'i2c per III. for native sides, Shipments
IN da" l,oi0 cattle on the Rappahannock.
Receipts Of calves none. Feeling nom
inalll unchanged. Dressed calves in mod
eSsta demand and steady: city dressed
,onls selling at ,e'e@l5i9c. per H.. coun-
try dressed, aUl@r.
Receipts OF sheep and lambs were $50
t'hd; ~ cars on sale, Sheep unchanged:
lamht slow and ajc. lower: : cars lambs
untpld Ordinary N good -heep ,.wrsl
t"Id a. 10 p"- 100 MS. rullA. 81
fe'r - primo lambs fol-ta $40 Dressed
iaut,cn 4oiet ~ 7Viae. per ID. Creased
Receipts Of hogs we're 1880 head; ali
"on'neIly hrm IN sympathy with BuRais
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
THE PTTTSBURG MARKET.

P~iTrsBuRo, Juno 1s.--There was little
interest shown here In shares excepting
Columbia Gas. which sold up q to 10
Westinghouse Air Brake AT 49, was l
point below yesterdays price, The sum
mary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
SUE. TREASURY STATEMENT

TRpAY
Paid b. Sun |rreaAury TO canhs upVT ~
Paid by banks TO Sub TresSury et)S'
actions $50, 80 H~to,'
vious wSek p'' ~.c'
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20

New City Notes.
Scrur- Int.
lty. Rate. Pay. Due. Bid. Ofer. Yield.
NyCity".,.s MS Sept i.'i6 icon ,si0oN BOO
Nycity..,.s Ms Sept i.'i0 io2A io2sS s.7A
Nycity...,o Ms Sept i.I1 io4H io<,,s s.ss
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
BoNDl

$500 Chile Coppsr To-, i1c4 IN iisia
scoc Kennicutt Cop 6llSN lS iis~ lis
1000 N Y City ~ % los~ i0sN i0,, 1874
sSell 0nts per shan,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20
CURB STOCKS CLOSING.
THE BALTIMORE MARKET.

BALTIMORE. June le.-Elkhorn Fuei
stocks were we'll bought and made sub
stantial gains. Liquidation continued In
United Railway incomes. which were
f~ractionally lower. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-20

Total sales to-day, 10000 shares Same day 1914. 1910 January
to date. 591c16S5 Sam period 1914 36ca71'6.
Where n "C" follows n quotation II indicates n bid or offer for II shares
Pioneer press. [volume] (Martinsburg, W. Va.) 1882-19??, 1915-07-03
A SKELETON IN THE CLOSET
The Legend From Which the Well
Known Sayinu Was Taken

The origin of that singular and wide
~ quoted saying, "A skeleton in the
closet, which is found in almost every
AnGuaGc III Europe, is found in one Of
those curious collections Of stories that
have come down from the middle ages
In one Of these collections, complied
by an unknown hand about the middle
or the tenth century. there is Il story
or wealthy lady who, having Il secret
grief, conlldcd it to a friend who was
apparently perfectly happy woman
She was the wife Of a noblcman who
lived in his castle in the south OF
France. She ana her husband were.
OItWhrdly on the most loving terms
Not Il care cloud seemed to east IL
shadow on her path.
After hearing the story Of her afIlict-
ed friend the noble lady took her by
the hand ana led her to Il secret cham
Der adjoining her bedroom, there Oprn-
cd the door of :: closet and exposed n
skeleton. "knoW, my friend" she said,
mo one is happy. Every day ! am
forced by my husband TO kiss this
grinning death head, which is that Of
Il gentleman who was my husbands
rival and whom ! would have married
had not my parents willcd otherwise"
Pioneer press. [volume] (Martinsburg, W. Va.) 1882-19??, 1915-07-03

All sorts Of devices have been used
10 mark line Of march. y uniquc
method Of "blazing the trail" is still to
be seen in Africa. Arthur ]. HAYES
mentions the subject in his Source Of
the Blue Nile"
In 1880, after fierce battle with the
AbySSlnianS, the dcrvishcs pursued
thcir foes as far as the lake district.
IDe mahdiS men had small knowledge
OF geography and little Typographical
intelligence. SO the advance party, i'm
order to mark the route for those who
came after and also to guide the force
on their return journey, twisted the
saplinss along the way into living
knots. The war ended, but the tied up
trees grew and nourisbed but un-
couthly twisted and distorted, and are
now the only reminders Of that upris
ing Of the dervishes.
Pioneer press. [volume] (Martinsburg, W. Va.) 1882-19??, 1915-07-03
An East Indian Crime.

The occidental reader who shrugs his
shoulders deploringly over the evils Of
Indian caste has little conception Of
what suffering the custom involves
It's tragedies extend even to the hum
bic, commonplace matters Of everyday
life. a little incident witnessed by
Prince BOjidar Karagcorgevitch and
chroniclcd in his "Enchanted India'
needs no comment
Stones and flying sticks were thrown
Mt little pariah girl whose shadow as
she passed detiled the food Of Brah-
man.
lie merely threw away the rice,
which the dogs soon finished. But the
bystanderS who witnessed the girls
insOence in going so near holy man
she, so base and unwOrthy-few at
the unhappy creature, who ran away
screaming and dropping the load Of
wood she was carrying on her back.