davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
WILL NOT CHANGE
U. S. STEEL POLICY
Corporation Will Continue
Management Approved by
Court Says Gary.
lRy Telegraph 10 The rrhun1 ]

Pittsburgh, June S.-EX-Judge James
n. Reed chairman Of the Carnegie
Steel Company. issued the following
statement to-day;
Repeated inquiries have been made
as to whether there would be any
change in the policies of the United
States Steel Corporation now that the
governments suit for its dissolution
has been won by the corporation. The
best answer to these inquiries is the
following letter, sent by Judge f. II.
Gary. chairman Of the Steel Corpora
ton, to the pres dents Of the subsid-
larry companies:
an view Of the recent publications
which have been called 10 my atten-
ton. I deem it appropriate 20 offer
some suggestions to the members OF
our organization. The opinions in this
case do not in any respect depart from
the principles laid down in the decl-
sions o. the Supreme Court of the
United States rendered during the last
few years. and which ! think clearly
state the rights. duties, obligations
and liabilities of corporations and cor
porate managers.
The decision was in favor of the
defendant because the court held that
the evidence clearly established that
the corporation did not have the power
or the disposition TO exercise a monop-
oily or TO restrain trade.
"The testimony further showed that
il has been our intention and effort 50
20 conduct our affairs thai we would
not be Of injury TO our employees, our
customers, our competitors or the gen
eral public.
Owe must not now make the mistake
Of supposing that. under this decision,
we would be justified in changing the
course heretofore pursued, as above
stated. We must not bee ne indifer-
ont or careless. We must positively
maintain the standards Of propriety
which we have been following
THE corporation expects you and
YOUR subordinates to continue, without
interruption or modlhcauon' the man
acement which has been approved by
the court ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
WHEAT INFLUENCED
BY THE ESTIMATE
Selling Pressure Causes Mar
ket to Fall Off "a to
O1h Points.

Chicago. June s.-Although the gov
eminent estimate of the yield of wheat
in the United States for 1915 was not
officially known in Chicago until after
the close of business to-day, the exact
total had been accurately figured out
in advance. Especially in the last
hour. a majority of dealers guided
themselves by a correct assumption
that private forecasts of 100000
bushels would be verified from Wash
ington. Largely as a result, the market
closed at a decline Of &c to 212c UNI
der Saturday nights level. Corn fin
ished l46%c to "a "a &c down, oats of
i2G sc to 114613sc, and provisions
with a setback of 2lac to 10G12kc.
Selling pressure que TO evening up
for the government report constituted
the chief influence in the wheat pit as
the end of the day approached. Pre-
viously the market had been develop
ing renewed strength after having at
the outset suffered sharp break that
resulted from sensational tumble in
prices at Liverpool. Decided revival OF
export demand, however, had prevented
the break in Chicago from being any
thing like as far reaching as In Great
Britain. Furthermore, traders here
seemed to rely to a considerable extent
on denials that progress against the
Turks al the Dardanelles had been as
important as at first seemed to be the
case. Word from Oklahoma that the
crop there was about at the limit of
endurance in respect to oversupply OF
moisture tended also to favor the bulls.
Foreign inquiry after new crop win
ter wheat to-day was the best in some
time. There was likewise an excellent
call for old crop wheat to go to the sea-
board Country offerings here were
small, and it was said they dried up
altogether when the market was at the
low point of the day. Feeling at the
close was described as unsettled.
Corn huctuated for the greater part
according 70 the action of wheat. Com
plants as to the condition of the crop
in Iowa and Nebraska had some effect
on values, and so, too, did improvement
of cash demand, both domestic and for
eign. Auspicious field conditions put
selling pressure on oats. Shipping call
was good and included fair amount
for export.
Provisions gave way q little as re-
suit Of the setback in grain. Higher
prices for hogs were virtually ignored.
rutrAcn pptcra
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
COTTON SETBACK
AFTER EARLY RALLY
Prices Off 7 to 10 Points on
Dwindling Exports and
Good Weather.

An early advance was followed by
reactions in the cotton market yester-
day with the close steady at net de-
cline of / to points. Firmness in
Liverpool seemed the chief factor on
the early bulge, while prices saSged off
under scattered realizing which seemed
to he promoted by improving weather
conditions in the South and the absence
Of any aggressive demand. General
business remained very quiet and COM
paratively small orders were sufficient
20 cause the moderate fluctuations.
The market opened steady at an ad-
vance Of . to : points on scattering
demand. most of which seemed to rep
resent renewed support from recent
local buyers. There was feeling
around the ring that realizing might
be considerable around 10 cents Tor
Octooer contracts or even with the high
price reached on the last previous
bulge. and scattered profit taking
proved sufficient to check the advance
at 9.97c for that delivery. Trading
then became very quiet, and while huc-
tuations were somewhat irregular
prices gradually eased off some to 10
points from the early nigh level, clos
ing ut about the low point Of the day.
The dwindling export movement and
reports Of a small spot demand. as well
as improving weather conditions, may
have been partly responsible for the
setback. while realizing or scattered 10
cal selling for reaction was naturally
promoted by the failure of demand to
broaden on the early advance. Private
cables reported a very small market IN
Liverpool. but said there was mode
rate spot demand, and Liverpool has
shown a much steadier tone since prl-
vate cables were received claiming that
the selling against diverted cotton had
been completed.
The weather map showed less rain,
while the forecasts were for clear
weather in the Eastern belt and cloudy
to partly cloudy conditions west Of the
river The prospect for lower tenn
peratures in the East was not alto
gether favorable. for warm as well as
drv weather is now believed TO be ne d.
ed. and there were further complaints
from Oklahoma, including reiterated
reports that recent excessive rains
would result in additional reduction Of
ACREAGE. Some of the reports from
Georgia said that the crop had made
good progress, and except FOR com
plants of conditions in oklahoma and
some scattering sections the weekly
weather report tomorrow is expected
to make a favorable showing. Alabama
reports indicate that in some sections
Of that state merchants and bankers
are paying 90 cents per hundred for
boll wcevil. Exports for the day were
only 1854 bales, making 7,937,362 so
far this season. Southern spot mar
kets we're all unchanged except for an
advance of 6 points at New Orleans
and 10 points at Galveston.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
The Thermome er.

Ssel al its best was only = Of a
pant above its clo- rC price of Mon
az. and that was 4 points below last
tsek5 high price Of 6+. scored after it
't' known that ,he corporation had
'ah every point in the government
illt Al its worst 5siq g was = Of
'point below Monday close Through
'.i ne session, except for a short pc
t'a u the morning, DO was markedly
.a'y: Il there wss any disability at
a'aed TO the stock before last Thurs
Sy I was removed by the decision.
s''Sinly the company's earnings, If
Wy we're 70 affect the market position
y ,,oek az all, we're 10 be counted In
y itVoI. Steel was free, then, to re-
..s' Win what fidelity might be, any
sage Of moment in speculative senti-
en- .s That it should hang back, when
ti- ..' 70 advance other parts Of the
-. were proving successful was both
e.sappsntment 20 the bulls and a
,'"Aihg. Apparently they accepted il
sush. No more than a Won Kluck
ie 'hey willing 20 risk a thrust into
ehemy's country that would leave
~ ~ hank seriously menaced. There
~. - oeen bull markets without Steel
-sNnes there had 20 be-but they
~ seldom attracted much Of d fol
ri ing And just now the following is
' worm thinking about.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
Puzzled Waiting.

s.Aness has not halted in the in
Nlsai bond market, but il has
80, go down 70 an extent that makes
80 now great an influence on the
,iIy SUI remain, the Lusitania III
r.u' and It's train OF consequences.
-, - Is no pressure 20 sell bonds, any
-, MAN there is 20 sell stocks. And
t..N generally, as il seems in the
s'.ei district, DO not believe that
~ viii DC war with Germany. But
=. 80 rsht % see what is going TO hap
:, "nat The Presidents note Will
n, a,a how Germany will answer il.
49, hopes belle their fears, and their
-, meir hopes. As a good many
~. N Wall Street see il, and as
e.; WI the.r customers, the note TO
Az 10y 's likely 70 be as strong as
En w could desire. The question is,
,,...he American people be able to
s'p'e' It any more correctly than
Ia, e.,iaan government? From the
!, .I@'ufe Of the discussions follow
~. we publication Of the Lusitania
ssoI " was evident that there were a
~ many different Impressions Of
AZ pSha1 Il meant not of what Z
y. because that was plain enough,
sos,s Nnat Il would ultimately be
sIr.s mean. Because Of this uncer-
"a x, Sno the need Of further light
tssl !, residents Intentions, a great
81 money is going into the banks,
sIss Ss'ng held idle, that would other
" IN the security markets.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
LIVESTOCK MARKET.
New York. June :. 1918.
aFEVES,

New York. June 3. 1915.
BEEVes.
p,c,,p,s af5 head. all for slaughter. No trace
4, i've cattle Feeling steady with moderate re (,
a,ts ,Yne,fed for Wednesdays mAr.ei. Dtes,-
be1f steady. city dressed nsiives Sides I-@ 4''
Per ~. cvrs
p.o.n,s 40 head all for the market Feeing
..esdy Dressed calves s'eagy. ,1ty dressed wA's
lsai7c. = few. l7iac. country dressed. !-s loc
SHEEP AND LAMBS.
Rece,p,s 4is0 head 1914 cars on sale. sheep
4, moderate demand a. unchanged prices, lAmbs
.teady. common 10 prime sheep te"esl sold AZ
siGS5f IS per 100 ID: few Al 50: deck OF ONO
s,efher. 81 ss75: good 70 choice lambs al III se9
go. A f.w winter lambs al 80. yeafllngs al 90
e 80, dressed mutton steady AZ ga lac. dressed
lambs al 100 22c. county dressed dollhouse lainDs
are no LONGER quoted RI, ,,,..,.,,
i,rahs az NJ average. a. !i7 per 100 ID; 80 .heep
iSi Is !sf5. a. les n. $50: II, 90 ID. A5o'
10 90 10 81 10 bucks l5l ~. 80 o.,
robin shannon lsi Virginia lambs. - 10
sli 7s. sfs. ~ To- sl75: 70 winter lambs. 81 10.
iI0. q yearlings - no. S39. sheep tesesl
ios IN SO. II. ~ TO- $50. 2 bucks l65 h - 80.
Newton & Co. JOS ohio wcthers. s. ~ so'a'
HOGS.
Receipts. LIZ head; no sales On ~. gelshls
market nominay weak On Buraio ana western
sale. dAi. Nondsy,--Tooin A shsnnon u
state hosA. iss ID sefaSs. o. w." pei A'' ~
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
CHICAGO PRICES
GRAIN IN OTHER CITIES.

Milwaukee June. s-wHEAr,CSS9 ! northern them
;iIif, coRN-No 3 yellow. iilse: July. lie
BARLEY-Msltns. esSiser - 49,, q, ,o,.
No Northern 81 2si. No 2 Northern, 81 2?is q
81 2is July. tL2es. LlNsEED. Ns5s: July
Philadelphis June s-wHEATaLo~er. No red
yellow. local sisslise; steamer. No yellow sOS
k0i.c OATs--Lower: No white. SoA q 1oc
~ s.rsas civ June s-WHFAT-NO hard. ST. 20
ass. No ? red. NlsgtiB coRN-No 2
,,,,rd zoe. No white. III he. No yellow. II g
:"iItc' oATs-No white. tslssHhe: No
ni 49, sc iSse WHEATON,. Ns; July.
.l.iiia sep,slaSer. sllcs. sGiLovERsEEp-
Prime cash, SO oe'o9 y,,,d = s2's A-sihEE-
ss!iS '5i scr,e,nbel. s'.o ,s,;;u,.;- "a.
~ > hard 81 1fisatl %. Jlly. l0s. CORN
10 2 Ilizo. NO white, I3c. July. il@7l.c.
1aTs-No ,. Haisiic. No white sac, July.
use. $1,000 ,,,.
81 81 No Northern. 1881 9siss, No Z
Sernsrn g ;ss,i 3d. SalE Ma - SenN ~
.,.S yL6rE and RRAN-UnAsAossd-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09

Corner is nov being held h. the
',,i-g agencies AZ On cents a pound,
,,5 COPPER men declare that the de-
rar5 Is eonstartlv Increasing. Lead
,-ias have advanced = o. q cent with
n week. and il is expected that they
vii move up another = 10 IS cents q
wund within the next day or two. The
-rss o. spelter s beyond recognition.
Chemicals for the manufacture Of
lib explosives have long been quoted
q prices from 80 20 500 per cent above
,,rnsl, and the market in many cases
1' been swept bare o. them for three
uuihs ahead. Stocks Of the powder
nd arms eompalies. listed and IN
listed, 90 soaring. Contracts for car
ridges and shrarncl. big gun shells
md Iiaes, big guns themselves. shoes.
Blankets, canteens. horses, mules, har-
tssi and srtillery wagons. ambulances,
h,3ages, drugs, aeroplanos. even con-
alsr ioT asphyXiatinE gases. mount
RIO the hundreds. for total prices in
tie hundreds Of millions. And Con-
riatinople has ye, so he taken and
hlggn redeemed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
In the Auction Market.
Al IL vaey 81.


By Joseph P. Day.
SUFFOLK ST, 1919, $. 40 stanton Of. tVf
Is; city hall. J Nelz CT a. ag oussle huoei
ct al; GOdtosle. cohn Dor. ssSs; sb b' 10
mtge OF si5 VOO. To the pAhun ior si'O''
,. 3Ye. gIo' sos Il ns 100 Eighth az. 2519s II
sty tenmt and stores; Hannah Harrison ast n
Thompson ct al Tulls; s'V ,25s 9@ ao! sub
% F1 ms QUE oP $500. 10 the Daint Tor s265'O
By Henry Brady.
aoIY ST. II w. ms. 225 OF 5th av. 25xasa; :
sty stone loft bldg. Mutual Life 10 Co Of :
1s Emma Neal sS ,st {! g - a. isa s' etc. $50 So
To me plaintiff FOX $4,000
By James L. Wells.
io.rp ST. 81 W. s, SO Manhattan az ~
locIl sty dwls: Excelsior s9 rss bs .lix 81
f f. tas Di fsi ~ Tor 'i 5000
By Samuel MARI.
18TH ST. $50 W l2j Manhattan haitian a., is ss
lOo.lli s'y d"ls' cIly H s,Sl,n stpy. Jno p
b hSn ,e due. sio7Sis?. taxes etc. SlsljO.
10 the plaintiff for $1,000
At the Bronx Exchange:
BY Henry Brady.
10TH ST. T. 5 cor Merriam Az. 30 lIsG, 3;
vacant. Charity Fund Of tho Ass9cis ,,l1
Of the New York church aSt Mat.h nayIe
Of al. Philip Huntington, atty. Matthew Do5e,
lame. ] Mccain. FOR 81 $50, -
iiSTr n 2sI e ili4 20 Boston "a Re TeI y
2o6s vacant; E.y Co asi lao REILLY ct "a, a.
dns ara I2s 81; taxes. etc. 1901 OIL: 70 tha
plaintiff for $4,000. >.- o..,oo
gfKch Az. 1922. 5. 225 Gleason az 251ioo;
varant. Anna { Wildey AIT Jas Mccregot e'
al. Harold swain. atty to tho plaintiff for sSsoo'
b. Bryan L. Kennedy
t,arg ST. T. a, SIS Webster Az. 4e.IIsl 8,
vacsni. 'Edway Go az VIM 4 lawrence ct s a.
Harold swain atty. Jno Robinson. fs,i "n se,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
PUBLIC UTILITY NOTES.
General News and Earnings OF
Various Corporations.

The Detroit Edison Company AT
special meeting of stockholders yes
terdav authorized the execution OF
mortgage on the property and iran
cbises of the company TO secure an IS
mo Of s75.OO0,000 twenty-five year
bonds The bonds are to be sold from
.in,e 70 time. as deemed advisable by
the board Of directors TO care for
canital requirements, and arrange
ments will shortly be concluded for the
initial sale OF s3,5OO,OOO.
Third Avenue.
Directors of the Third Avenue Rail,
way Company yesterday submitted
earnings reports covering operation LOT
the month of April, and for the ten
,nontbe mn 10 April 80. Following the
meeting Of the board. President Whit.
ridge announced that the question OF
dividends on the company's stock was
not even mentioned. Gross income ioF
April amounted TO SS74,4 decline
Of S2,O62 from last years report; OPP
Grating expenses were reduced S44,lZf,
so that net earnings of S2Ib,ooO showed
A growth of Sl2,O65. The surplus bal
ance after interest charges, taxes etc,
was 1856, S40,6O2 above that IN April
of last year. returns Ip4 VIC ~
months ended April 80 totalled sS,9l9'-
255. an increase Of $s9,367 over the
corresponding period in the previous
wear: net income increased Sl75,232, TO
S3.2l6.387. and the surplus was $780,
or, a gain of s20l,2 PSI.
Keystone Telephone.
The Keystone Telephone Company
has issued its earnings report for the
month and five months ended MAY 81
There was an increase Of S2,723 IN
gross revenues, which totalled Sll3,54s,
over the same month last year; net
earnings increased 1884 to S5s,8s6,
and the surplus balance Of s32,3fo
showed a gain, of S1,677. Gross re-
turns since the beginning of the year
amounted to S557 ,277, or sl2,455 great
or than IN the corresponding period in
1914. Net income was S2Sl,ll3 and the
surplus was S148,994, compared with
Sl46,6O4 in the preceding year
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
100000 BRONX
APARTMENT DEAL
Three Hoe Av. Apartments
Sold and ResOld in
One Day.
BUILDERS BUY in
DYCKMAN SECTION
Plan Houses for Site-Park Av.
Owners Purchase for Pro-
tective Purposes.

A cash transaction involving 100000
in the Hunts Point section OF The
Bronx concerning three new apartment
houses was the principal deal in the
real estate market yesterday.
The Jay Construction Company, OF
which Joseph A. Demsey is president,
sold the premises 932, 936 and $40 Hoe
az. three five story structures, on
plot 5Ox1OO feet each, to Cecil Rossi.
4 G.. Bechmann was the broker in the
transaction. Mr.. Rossi in turn resold
tho houses to Edward A. Ridley, beng
represented in the deal by d. '. Kay
mond.
The plot of four lots l0Oxl0o, at the
southeast corner of Sherman av. and
Dvckman St. has been sold by the 81
Clair Realty Company to the j. b. L
Building Company.
It will be improved with two high
class apartment houses with stores
Wolfsohn & August and Donate p
ciulo we're the brokers. The opera
ton will involve about $4,000
The plot is part of a sikh lot site
acquired in 1905 by the st. Clair Com
pany, Of which George R. Coughan is
president and James W. Taylor sec
rotary. The inside ffty-foot plot on
Sherman av. was sold by the company
last December TO James Livingston,
the old-time west side builder, who
erected five-story apartment from
plans by Neville e. Bagge.
Arnold. Byrne & Baumann have sold
Hgu ~ N
av., between l80th and l8lst SITS, a
fve-storv apartment on a plot 376xl00.
The buyers gave in part payment the
three-story dwelling at 297S Perry av.,
in the Bedford Park section, on a lot
25X95.
The house Of Everett P. Wheeler at
735 Park av.. sold recently, was pur-
chased 20 protect the corner property
from falling into the hands Of apart
ment builders, it was reported yes
terday. The buyers are said TO be
property owners in the immediate vi
cinity.
Other sales announced follow:
sgd ST.-Peas, Gilman have sold for the es-
tate Of benjamin. ". Liohtenhers is East sgd 81.
a three sto~y aud basement dwelling. on lot -Ox
1908 located 100 feet west ~ Sd a7 The buyer
viii remodel the house for his occupancy A Few
weeks ago the property was offered at auction the
estate biding It ia AZ $500
Delaney ST Herman Shapiro and George J.
Fox have sold 2ss Delaney St. northeast corner of
Cannon ST.. seven story lor building IN lot 2lx
100 The buyer IS Aaron Segel. who gave IN part
ra,meft "a and 9iG South Sd s.. Brooklyn sir
sf0ry r.u-law tenement OF plot iOxs>. The
Fs,, SIDE structure acquired hy the sellers Ei
1871 sr,n the estate q August Kanenb'ey.
isT Az Pepa & BIO. have sold for the Maybelle
Realty Company 1870 lst ay.. five stoD tenement
house with stores. lot -jTeO n Joseph Naaspina
for Investment. The same brokers about four
months ago sold 70 the same party Ills 1t az
which was resold later.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
BRIEF WALL STREET NEWS

The April income report of the
Nashville, Chattanooga St Louis
Railway Company gives a decrease Of
Sl4O96s in gross operating revenue
coroared with that month in 1914.
Net earnings after expenses and taxes
were Sl12.7l5, a reduction of SS2,1i4
from the previous year.
Stockholders of the Ahmeek Mining
Company at their annual meeting yes
.crdsy voted unanimously IN favor OF
increasing the cOmpanys capital stock
from 10000 10 100000 shares. Quincy
A. Shaw was succeeded as a director
by Benjamin Joy.
The Rio Grande Southern Railroad
Company reports for April gross rev.
enues amounting 20 sl0,s30. a decrease
of 1876 from the same month year
400. Net income after expenses and
taxes was $14,314, or S4,004 greater
than in 1914.
The Laurium Mining Company at the
annual meeting OF stockholders yester-
dav elected Walter Hunnewell 10 the
hoard OF directors, succeeding Quincy
/ A. Shaw
Directors of the Illinois Pipe Line
I Compory. which began operation on
Jsnusry ]. 1915, after taking over the
nine line system and business Of the
| nbio OIL Company. nave declared an
initial dividend of s6 q share, payable
July 20, to holders Of record June -.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
COFFEE.

Trading was more active IN the corc. market
total sales amounting 20 $3.50 bags. and prices
were Armer closing With net gains n 10 10 points
Tie July position Wei, 90 sighi premium over
September and one OF the principal 81 rhening
features In the market was the hrmncss IN JuN;
which was believed - indicate strong technical
posi'lon il was thought that those who had
sold july as hedge against holdings Of spot
cgfeV. were not disposed 90 make delivery. ana
!, ras preli,ied that July would go 60 a premium
over most Of The later months Furthermore. ne
Brazilian markets again showed Strength WIN cost
and freight offers Irregular. ~ unchanged 20 an
advance o. about 20 points. Santos - being
0uofet AZ lOitc g and S al l5HH 1jc. Santos
d AZ 9lDc aud Rio - al G.s0@ Toe. There
seemed 10 be better demand for cost and freight
coffee and A. were said 10 have sold Of the
above prices while Rio IS sold ON Monday At
Cs5c Stocks ~ Brazilian coffees in New YORK
are small amounting 10 less than million bags.
and many tuihoriues believe that the small re
ccif.s IN Brazil indicate that the new crop Is
cong 10 be a late one. rather than early. as had
iecn predicted just how the market viii absorb
Increased Offers when the new crop begins 10
move more freely is question Whifn "a causing
some hesitation among hIyers.
The local spot market was inactive but hrn' WIN
RIO IS quoted al &c Range OF prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-09
uoruo,lsr PRODUCTS.

,,,.c,.,,prps- / doz. 5od75c. No 2. boy.
,,C.6o'St.St," 'CAt1IFIOwFRs doz. 81 ?,@N y
,IsHRooMS white. An hs,ket N@Si.'''
G-oHn' 35c@sl.5o. buttons 5oc"Si