davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
CITIES SERVICE SELLS STOCK.
Take sS.OOO,OOO Preferred
and s2,SOO.OOO Common.

Authorization ives given To the III
reC:ors OF the Cit!cS SerNic" company
at a special meeting held yesterday 10
sell > 1000. 900 preferred and s2,JOo,Ooo
common stock OF the company for s1.-
900. 600 cash. a strong banking syndi-
cate has already purchased the stock
the sale OF which will enable the COM
pany to cancel obligations and give
ample working cash capital. Arrange
ments with the purchasers provide that
the stock will not be offered TO the pub
lie for the present and the purchasers
may withdraw their stock from the syn
dictate only upon agreement that the pre-
ferred stock will be sold for not less
than IS per cent. Of par and the com
mon at not less than 125 per cent. Of
par.
Holders OF preferred stock OF the com
pany of record December Is viii be
given tho right OH January 1. 1915. t.
receive . per cent. convertible debeh-
lures OF the company for ? per cent
OF their holdings as payment for the
1eferred dividends to that date. The
holde will have u right to Convert these
dcbentures at any time into stock upon
a basis OF 100 % preferred stock and
20 Of coinmon stock for each $40 In de-
bentures. Holders Of common stock will
have 3 per cent. in debentures set aside
for them and certificates issued to hold
ers OF record Der 10. which will
entiti. them 10 receive debeutures when
all holders Of preferred stock have been
paid their deferred dividends. The com-
pany Will resume regular monthly dlvi-
bends in cash on its preferred stock Feb
ruary ] To- holders OF record January -.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
$5O,O0O,OOOSTARTS
new BRITISH CREDIT
Ultimate Total May Reach
$500. 600. OOO-Bankers
Form Committee.
MANY CITIES TO SHARE

The first formal meeting Of the COM
mittee OF American bankers which is
to head the syndicate that Is to extend
further supplementary credits to Great
Britain was held yesterday afternoon at
the National city Bank. Following the
meeting the amount Of the minimum In
Itial credit. together with the names of
the committee of local and British bank
ers. was made public.
II was stated after the meeting by a
member Of the committee that the mini
mum initial credit would he $50. 900, 600
and that the ultimate amount would
probably be greatly Ia excess Of that
sum. 1t has been reported m good au-
thority In the financial district that the
credit might. in its Anal stages. mount
to between 5000. 1000. 900 and 5000. 000.-
O00. II will he unlike the Anglo French
loan In that II will be a purely banking
credit and will b. NEGOTIATED " "A
syndicate Of bankers IN this country and
In England. instead II between local
bankers and any foreign Government. l.
will probably not neceesitate n sale
of securities. as II Is believed that II Will
be largely based upon acceptances
drawn on local banks by the London
institutions.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
WEEKS AGAINST U. S.
RUNNING THE MAILS
Senator says Big Deficit Shows
Government Is Bad Bust
ness Agency.

United states Senator John W. Weeks
Of Massachusetts, said in a speech AZ the
semi-annua dinner Of the Railway pevel-
opment Association at the Hotel Meal
pin last nicht that the postal depart
mcnt'S deficit Of $40, 00O. 900 a year sis
an example OF serious mistakes made by
the Government in going into business
which should be conducted under private
auspices
II do not think the Government Is "a
good business agency" he continued.
''and | do not think the Government was
originally organized for the purpose Of
conducting business operations. 1t was
organized To conduct those affairs which
arr essentially governmental in charac-
ter. such "a the raising Of revenue and
the enforcing of it, police powers"
The Federal valuation OF the railroads
under the auspices NJ An expert commits
sion u toe sort OF legislation. according
90 senator Weeks. which does not bring
any benefit 20 any one, although Il al
WAYS incurS expense.
Howard elliott. president Of the New
Haven Railroad board. said thai the de-
velopinent work OF the railroads to-day
IL being halted because the plants of the
railroad annot produce enough trans
portation for tn. needs OF the people.
This IL t.ue of manufacturing and indus
trial plants. II. said, hut while The coun-
try does not condemn the manufacture
and TIE farmer, II does condemn the
railroads.
"The Coantr" Is face 10 face with in
adequate facilities he added. 'and
there should be good temper and coop
Grafton by all to do the work needed 10
bring the transportation plants up to the
present demands and 10 have a safe
ma gin foT future demands"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
NEW SECURITIES LISTED.
stock Exchange sanctions Trading
In n Number Of Issues.

Tie governing committee Of the Stock
ENchang" yesterday admitted TO the list
tho following securities; $s.0>l.4uO OF
the capital stock of the Compuuua-Tab-
uiatlng-lie .ordiug Company and the
sj.N5l,poo i per cent. 80 year sinking
fund bonds uf the SAM. due
1871. si7S",nuo first mortgage sinking
fund = per cent. bonds of the Great
Falls Power Company. due 1910: So.
s3il.j0o Central Trust Company Of New
York certificates Of deposit 'ur L. per
cent. cumulative preferred stock Of In
ternational Mercantile Marine company.
sll,i72.3oU common stock Of the Con.
sol.dated Gas, Electric Light and Power
company OF baltimore. Sj.si>. 200 GUAR
antI Trust Company OF New York Ger.
tlhcateS 81 deposit plain and 500
90" OF said certificates "staIup-i' for
coupon or registered bonds IN drnoni-
nations ~ $1,000 and $500 for convert
ihlr - per cent. first and r,funduc
mortgage 90 year bonds. series \. due
1888. of the Missouri Paplh Etil,uy
Company $500. Upu Bankers Trust
Company certificates Of deposit plain"
ana Sl,20s,o0p Stamped 80 year per
cent gold loan bonds Of 1898. due 1876,
o. the same company; Sl3so.0 900 Guar
antN Trust Company of New Yo-'. cor
thcates of deposit plain" and $1,000
v"V stamped FOR coupon or registered
bonds for trust : per cent. bonds. due
1871 OF the >aln" company. S2.SGOo0
guaranty Trust Company certificates Of
deposit stamped Cor first collateral
mortgage . per cent. bonds. due 1920. ~
NE same company. Slg So. 600 Central
trust Company Of New York certificates
OF deposit for stock OF the Missouri pa
cifr Railway Company.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
DAIRY PRODUCTS MARKET.

BUTTER The hshi supply of the top
Srddcs OF creamery has resulted IN an even
STRONGER market Delayed deliveries are also
idgtur IN h%rinslnE this about. The call
for hrsts and 500 ond~ l. rather slow with
fairy liberal supplies The movement IA
,tora-" j. On IN. increase ~ the highsr
market permits some trading manly how
ever, IN summer stored goods Renov atci
steady ladies, firm. pa,k!n- stock scarce and
score. a0Ay' hi. her ~corin- 5lt. ~" hrsts
~ TO 81 score -;i71 .ti.c. state dairy tubs.
finest, va 'o, good 10 prime. -Sl4i-,t.c ;
common to fair .an-oc renovated extras,
H'-r-c hr-t-. .5tT imitation Fam"
hrs,> -5T.ic.; latie- curr"u, make. hr.ts,
--'i--'-' seconds. -lLg" Packing stock. cur.
rent mas. rne. tlgsli., No :o'.c. lower
CHEESE Win usht local AMI export bus.
Fresh made stock mainly of ordinary n."
ana easy Young Americas ga far demand.
Tor .rades OF >kims hrm Price, state whole
milk. Hats held specials ~. rltc AVERAGE
fancy ';i4c current MAKE. specials itts 81
.1,.c; state SKINS. held spc"ai., iSn' -
fresh Specials 10 choie. l~-1ii-igc IJir 10
600. l''.stl!'gC Wisconsin twins. lI- I'5.c
double daisies. itui5i.c: young Americas
EGGS The advance IA fine fr.,h as con.
'inutd o.. yesterday. IN" market being up &c
on the 'op -raL-- Values are = matter OF
nsSoile'lon. dep udiu. uuon the quality cf
the .iu,k. Receipts of fresh are l'-ht ami
the d-mairi j. hardly |.urplci 10y the avail.
abe unering-. Current receipts show a gen.
rraily l"orrr quality than formerly. s,oraz"
ahA'N am wv HiflhfA lAl-flllfA NrtI'E F-s-
soartr Price Frr-l gathered extra, fine
4l"I." extras, hrsts, S7IFc iirs's. 23n7 sc
seconds, ->TS-' No. :. dirt.cs. .-t-r-sc :
refrigerator SPECIAL marks. fancy. 10
refrigerator flrsts. .isr- l4zc. seconds. --Ld
She h"HntrS whites. fine to fancy, ",t6S"
browns. 4.hlic mixed cOlors. Gsui.y.
LIVE POULTRY Quotations were es'ab.
l-he'l yesterday Fancy heavy fowls ~ moi
crate supply and guo4 demand. but ltgEt birds
SLOW Old rnostors steady; turk y nrmcr on
scoountui .oarc'y Ducks agI 80 81 IN good
demand. Receipts yesterday, thirty four cars
Prices. Fowls, 49, f!ic Chickens. l4d'5c.
RoOsiers, liLc. Turkey. -0u-lc Ducks.
Lon. Island. 80. Western and southern. ljl
iec. G@e--> ijTi'" GWueas. sprlrs, par
&c Pgeor-, rair. PC.
DRESSED PouLTRY-Fan large roasting
chickens promptly cleaned M: broilers
scarce ami frm Fresh killed fowls mainly
poor and slow. Old roosier- firm spring
turkeys IN illr supply. with best lots firm,
Lons Island sprin- ducks iirm Lsrge squads
qlit" active springs and .alnea- IN goo
demand Frozen turkeys frm. PTIcr-
Fresh turkeys, choivr. 20 Western. i6a"tr
fresh fowls. Western dry picked. boxed y
De amt over. lily Western, ~raldrd. large
%l5Ili'yc i"cd. Western. dry picked. ~. ard
- lbs, lie; 4 H. IT, Chickens. fresh
nearby, 3 and I ib- to pair. -3r3jc. VIZ
slnIa, milk fed. ana I lbs. to pair. 30
Western, milk FED. 9 ami lbs. - dry
ers, l-'s" -i!abs. prime, white. 80 lbs 10
dozen, SO ~. : lbs. t42jGSs': lbs. 81
Frozcu-Turkey- selected hen- - yuuns
toms, e2u-Zi.c. Western. bhl-. .lr.. Ten
nes.ee and Kentucky, l'rlsc Texas. ~ a
100.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
II. S. STEEL CO.'S UNTITLED
ORDERS, 6,165,452 TONS

and finished steel never before eaualled.
The ingot output was less than 10000
tons under 1900, 900 ons, indicating a
production OF a little less than 1.190.0O0
tons of rolled steel products. II is un-
derstood that stocks were drawn upon
by some of the subsidiary companies to
meet the extraordinary demand. indicat-
ing that shipments were a little in ex-
cess OF 100000 tons.
The statement issued yesterday
shows that the orders booked exceeded
the shipments by si7,s34 tons. indicat-
ing that the contracts taken were Up
proximately 2,0i7,s3i tons during the
twenty-five active days of the month,
which was at the rate Of s1.952 tons
daily. Ingot output was at the daily
rate of nearly 90. 900 tons. and rolled
products at The rate Of 1850 tons per
day thus the contracts booked exceeded
the shipments which were 5000 tons
per day, at the rate Of 1888 ton daily.
Since the first Of July the contracts
taken by the subsidiary companies have
exceeded the shipments by 1.is7.l9s
tons. Since the FIST of November busi-
ness has continued TO come to the mills
at almost the same record breaking rate
az In October. and an enormous tonnage
Is still Offering for both domestic and
foreign shipment.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
WAR STARTED 100
new U. S. CONCERNS
Total capitalization Of Com
panies Recently Chartered
Is 500. 600. 900.
BIG PROFITS PROVE LURE


-" ~" H"p~"" ""i "" IN" "
e1ena' effect on the Industrial situation
in the United states IL shown by the
$.., ,h., ,,.t,. ,na ,a., r,,. ,,,,.h.
-
""o'e IMAM Nv" companies nave oeen IN
corporated with a capital stock OF $780,
900 each. or more. and n total capitaIi-
...,,, ,,.. ,,oo oao ana ..
-.a,
n,io' sivo'oVo'vVV u we approNlnha'e
cOe"' !" .oi.ioS.'ou WIN 'he ieniai'
..hk oi 'ht Miu'a,e steer properties anu
IN the Du iont fowdef
company expansion.
Inc pronts wnich nave been orered
Tor tne Manufacture OF chemical ma
tefiais III the nited states which here
tofore nave been produced IN Germany
resulted In the incorporation of many
new companies. formed for the most part
IN New YORK. New Jersey and Della
ware.
More than :" per cent. OF the chemicals
used In dyestuns In the United states
were produced from Germany before
the outbreak OF the war. This supply
has been cut on by the German Gov
which last spring announced
that no exports would leave German
factories unless raw cotton was sent In
return. The blockade of the Allies has
eliminated the German materials as
far as our markets are concerned, and
the chemical manufacturing business In
this country is booming. Prices are
many times higher than the normal
cost. aud there is an ever INCREASING de-
,nand FOR the output
The United States has been forced To
depend upon her own resources. and the
incorporation Of these chemical COM
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
MONEY N EXCHANGE.

The New York Federal Reserve Bank rates
were 4 per cent. for thirty to ninety days aud
3 per cent. for longer bills
Open market discounts, prime acceptancps,
maturing M to ninety days, 2i.n2a. per cent.
Commercial paper rates were 3u3tz per cent
for sixty to ninety days bills and for four To
ak months best names, 3isut per cent. for
others,
Call money on the floor of the Stock TX.
change Yesterday ruled at IN per cent high.
2 per cent low, u. per cent.
Time money was held steady, Rates were
ei703 per cent, for sixty days, ?%q3 per cent.
for ninety days, 3u3s per cent. for four
months and 3m3is per cent, for iye months.
Sterling was a shade nrmer, Final quota.
tons were: Demand, t6lT,: cables, 4 S5A..
Cali money IN London. 3izui per cent short
bills, as per cent three months bills. a.. per
cent.
Domestic exchange on New York st. Louis.
par; San Francisco, Use, premium Minneap.
oils, 40c premium. Chicago. zoe, discount,
Cincinnati. par Montreal, ljhc, premium
Bar silver III London, 4 New York, zoe.
New York Clearing House statement: TX.
change, St5s, ls4, sss; balances. So. +s6 ise; Sub.
Treasury credit balance, VA, 900.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
c. B. MUNDAY TELLS
OF GRAFT IN CHICAGO
La Sale Bank Manager Says
City Officials Got Money
for FavOr>.

MoRHia. H.. Nov, 1o.-State lawyers
to-Jay completed their examination OF
& =. Muudty. indicted manager OF the
defunct La sale street Bank with which
ex-senator Lor!mer was connected.
Munday admitted that the par al
lowed ihree-fourths Of ! per cent. In
terest on the Chicago city deposits TO
city Treasurer NJ. j. Flynn. He snid
Charles q. Fox, vice-president, nego-
tiatel the deal.
Munday also admitted having paid
Albert J. O'Keefe. assistant city Treas
urer, $500 not 20 urge the Withdrawal Of
the city funds, Tn. witness declared ne
thought this was legitimate, because
the bank needed the money"
DO you mean to say you didn't know
anything about how much interest YOU
bank was paying on this money! As
sis,ant states Attorney Raber demanded
at one point.
Well" Munday replied. II may have
told him to pay the extra y per cent
"What Mr.. Flynn got amounted 10
1000 or $4,000. d!dn't itT" asked At
torney Raber,
II don't know there was nothing
wrong about it," Munday answered,
The witness also admitted giving
bonds from the perpetual care fund OF
Rose Hin Cemetery to the county treas
urer 10 secure deposits In the bank. In
place of the bonds thus removed were
substituted paper" of various Mundny
concerns.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
NATIONAL CITY HIGH
IN WORLDS BANKS
stood 18th on the List at Be-
ginning of Year-Guar-
anty Trust Goth.
RUSSIA LOSES THE LEAD

The Stdtist in its annual banking num-
Der makes some interesting comparisons
OF the deposits Of the worlds biggest
banks as of 49,. and 1913. A perusal
Of the figures furnished In the Stdftsts
table indicates how II has been possible
for some of the warning nations to raise
such tremendous war loans as they have.
of the interesting features OF the
sta istics H. thai, National city Bank
has as of December ~. 1914, moved
I'M the list from the seventeenth largest
bank, which place II occupied oil the cor
responding date In 1913. 10 the position
OF twelfth. The deposits OF the city
Bank. however. have been greatly in
creased since the Stdtist's figures were
accumulated.
Other remarkable changes have taken
place among the big banking institutions
Of the world. The Imperial Bank OF
Russia. which in 1913 held first place
has now been supplan,ed by four other
institutions. The Guaranty Trust Com
pany and the National Bank of 'om-
m.rce. II will be seen by the followinS
table. have greatly increased their le-
posits during the period between bece NJ
Der 81, 1913. aud December 81, 1871
Following Is a list of the great bans
of the world showing deposits OF over
SAG. 600 600 on December 81, 1914, as
ompar. with December 81, 1913:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
STOCK BROKER ON GRILL.
Exchange Member Accused ~
Dealing with Bucket shop.

A member of the Stock Exchange con-
nected with an out OF town firm was on
the grill before the board of governors
last night on the charge of having had
dealings with a bucket shop. The meet
ing was a prolonged one, The decision
arrived Al by the governors could not
be learned last night. According to the
usual custom. the decision, II II is an
adverse one. will be delivered from the
rostrum of the exchange this morning.
The maximum penalty that may be
imposed for sue an offence under the
constitution of the exchange Is suspen-
sion for one year. About six weeks
ago Percy r.. Bonner. member of the
firm Of Bonner, childs a. Woods Of
Pittsburg, was suspended by the eX-
change authorities for II year for a
similar offence.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
Live stock Market.

WEDNESDAY, November 10.
Receipts of beeVes We're 2,ilO head, In
Guiding So cars for the market, - cars
on sale. including previous arrivals steers
were very slow. with some sales at easier
prices; bulls and cows averaged about
steady. The yards were not cleared,
Poor to prime steers sold al $500
50 per 100 lhs, oxen and stays at sb.50n
ST.. s.; bulls AT !+us6,3i. ? extra fat bulls
at SnSi.j0. cows az $50 u 81, 10; a few
head at higher figures. Dressed beef SLOW
at nmlliac. for city dressed native sides.
Receipts Of calves were l,s07 head. In
Guiding l,37y for the market. Neals were
less active at a general decline OF 20
zoe; grassers weak. The pens we're
cleared. Common to choice veals sold at
s.. sos fl2I5 per 100 lbs. a few head Al
tl3; general top price, 81. so; culls at s7u
s.: grassers at s5ns; yearlings at Si25M
s.. city dressed veals were SLOW at i&m
i9c.; country dressed steady at l2. q
l6c,
Receipts Of sheep and lambs were 1855
head, including l3 cars for the market.
sheep were steady to frm; lambs steady.
with fair demand; the pens Mere cleared.
Common 10 prime sheep sold at siHsi.7i
-. 50i lambs at $50 1915; calls at So. so u
s.. Dressed mutton steady at sallaC.
dressed lambs at l2l2 a lji5c.; hog dressed
al q.
Receipts Of hogs were 1921 head, in
easier, with sales At SI.:5Ti7'5o per 100
lbs roughs at sedsse5, Country dressed
hogs steady AZ last quotations.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
October Record Breaking
Month in Output and
Shipments.

October was a record breaking month
for the subsidiary companies Of the
United states Steel Corporation. Out
put, shipments and orders were never
so great. Specifications were over
whelming and. to some of the companies,
really embarrassing. The untitled ton
mage on the books of the various COM
panies on October 81 aggregated 6.l65.-
452 tons, the heaviest surplus since May.
1918. hut at various times IN 1907 and
1906 the untitled tonnage ran between
5000. 0oo and 5000. 900 tons. The heav-
lest untitled ever carried was December
81, 1906, when s.iSe.Tls tons were re.
ported. The latter included inter-
company business. not reported to-day.
TIL. blast furnaces. open hearth fur
naces and bessemer convcrters worked
under forced draught. so to speak, in
October, resulting IN an output OF crude
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
Personn~i Of committee.

Tn. British committee which j. con-
Quoting the negotiations In England As
composed of Baron Walter cun,iff", gov
ernor Of the Bank OF England SIR Ed
ward Holden, head Of the London ttty
and Midland Bank aud Sir Felix Shus-
ter. chairman Of Union and Smiths
Bank.
The local committee consists OF Frank
4 Nanderlip. presiden; of the National
city Bank. chairman John l.. iirdin,
vice-presid.nt Of the National city
Bank Seward prusser. president OF IN,
Bankers Trust Company F'reder!c !.
Kent. vic--pr-sideut of the Bankers
Trust Company william ". Porter OF J.
=. Morgan n CO.. James :. Alexander,
president NJ the National Bank Of COM
merce Il Y. HebdeD, local representa-
tive Of the Bank of Montreal George NJ,
Reynolds. president of the Continental
and Commercial Bank Of chicago
Charles 4 Slhin, president OF the Guar
anty Trust Company. and james Il.
Forgan. president OF the First National
Bank of Chicago. Bankers In all Of the
financial centres of the country will
TO asked to Join IN extending banking
credits to Great Britain.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11

j. T.. Morgan X Go. - agents for the
managers OF the Auglp-FrcnCh $780,
900. 600 have Informed the banks all
over the country which are members OF
the syndicate thai Il will not he neces-
November - any instalments on the
iirst payments OF tn" loan made 10 them,
AZ had been planned. This is due to the
heavy subscriptions which have been
received IN this city for tn" bonds and
the large full payments which have been
made by Investors. \ few weeks agb
J. T.. Morgan a Co.. notified the syudi-
cate banks that they wDuld %. expected
to maxi payments asgregat.ns between
$4,000 900 and 100000 .O0o on Novem-
Der II. Tn. Anglo-French nance com
mission. however, now has more funds
on hand than /; needs at present and
payments 10y the syndicate will not be
required for some time.
Sterling e~xchang. rates continued
strong yesterday. demand closing at
4S4Is, with cables at 1854. This ON
pares with a previous close of i6isi for
the former and 4.6jN for the latter.
Francs. however, were weak, selling
down TO j.ag for checks and 5,s> for
cables They closed on Tuesday at
$50. and 5.96i. respectively. Italian
lire advanced from $40 to 64h while
rubles were unchanged at SO. Mark
checks were unchanged It Nli.. while
cables were lower at 81 5-l6. as COM
pared with ~ 1-l6 ON Tuesday. AUS
trian krouen were lower at li.5o.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
$1,000, OOO Grand Trunk Notes sold

Blair n Co. have purchased from the
Grand Trunk Railway Company of
Canada and resold $4,000. 600 two year
. per cent, notes, dated November l.,
1918. The principal and interest are
payable In United States gold coin In
either New York or Montreal at the
option Of the holder. The notes are II
direct obligation on The Grand Trunk
Railway Company and are uncondition-
ally guaranteed as to payment OF both
principal and interest by the Dominion
OF Canada.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11

A the offices ~ william T.. Thonp-
son yesterday the report was denied that
"a. has purchased the Simplex Motor car
Company OF New Brunswick. y. J., "a
further nj plans foI tn" development OF
the Wright Aeroplaue Company, which
was sold recently 20 a syndicate OF
which M, Thompson was the head
The ii--' meeting az the new company
was adjourned .%es,erdly and VII con
llruc TODAY. when an announcement Is
expected uf the new directors and MEM
hers Of the executive. committee. The
company vas purchased last month
ftom Orvilla Wright, who owned - per
cent %: the $l.0on.oou outstanding
stock.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-11
SHOE MACHINERY co. ENJOINED
Cannot Remove Equipment when
Lessee Breaks Contract,

ST. LorIs. Nov. 10.-The Federal Dis
trict Court granted a temporary %injunc-
ton to-day which restraints the United
Shoe Machinery Company from enforc-
ing seven clauses Of its contracts with
shoe manufacturers The main point in
VOWED prohibits the company from with
drawing its machines in cases where
contracts have been violated by the
lessee,
The injunction will be in effect until
the Governments suit against the COM
pany. brought under the Clayton anti
trust law. Is decided.