davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
MONEY AND EXCHANGE.

The New York Federal Reserve Rank
rates were 4 per cent for short and
AZ per cent for long billA
Open market discounts primo Aooept-
anoes, maturing up % ninety dayA an d
2M per cent
Commercial paper moved I'm fair vol
ume AT steady rates. Rates were az "a
per cent for sixty and ninety day
bills and for four 10 six months best
names: 4si as per cent for others
Time money was in abundant supply
and easy In tone. Rates were "a a q
per cent for sixty and ninety days and
for four months; 8k@Sh per cent. for
longer mnturites.
Cali money on the moor of tho Stock
Exchange last week was easy between
2h and ~ per cent.
Domestic exchange on Now York: 81.
Louis, par; San Francisco, 40c premium
Minneapolis t0c. premium; Chicago, lBo,
premium; Cincinnati. 100. premium
Montreal, S5 premium.
Call money In London was l per cent
short bills l VI per cent; three months
bills - per cent.
Sterling exchange was much easier
last week, the range for demand being
4.S4a high on Monday and 4.S3h low
on Saturday. Final quotations were:
Demand, 4S3h cables, 4.S3%.
Bar silver In London. 22%d.; in New
York, 4SAc,
New York Clearing House statement,
Exchanges. $275.s1 .72S, balances. slq,-
768,2bO; Sub-Treasury credit balance,
S6qgS2b
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07

GRAIN MARKETS.
Foreign Demand Checks wheat
Decine-More Unloading Through
List.

The political situation abroad was
again depressing to wheat and severe
declines we're only obviated by the pres
ence Of big export demand and the
contamination, OF a large trade with for
egners II was said on good authority
mat The export business since late Fri
day exceeded i.250,00O bushels and for
he week reached 1900 900 bushels
Outstanding long accounts were once
mere in the process OF reduction or elm
nation, which selling. In conjunction
with the Increment Of farm offerings.
largely counterbalanced the effect OF the
EXPORT purchases
Selling for speculative and country
account was traceabie TO the recent an
houneement from Berlin that neu'ra
ana other shipping was menaced by a
contemplated blockade OF the waters
'ourhlng the English. Irish and French
coasts Overnight reflection OF this de-
es'"n failed 10 reassure many I'm the
trade who were bulllsh on the wheat
Wsrhet primarily because of the pros
peols or an uninterrupted outward move
ment OF the grain to Europe.
Preas advlces concerning the position
OF Turkey in the war were also infuen-
uh IN the selling movement. There
WIRE fears that n withdrawal of Turkey
rom me conflict would pave the way
ioI an Immediate releasing OF RUSSIA .
wheat through the Dardanellss Traders
spoNe OF this possibility involving the
noerAuon Of 200. 900, 900 bushels, al
,,noush there Ia seemingly little ground
Ior such an estimate The largest ok
po,s ever made from Russia aggrega ted
oo,ooo'oOO bushels when the outturn
vas nearly 2Oo,0o000O bushels IN ex-
eeSs OF tho quantity produced the past
l..
IAN rye crop In more than 100. 900. goo
ousheis short this year
~ 10 rair to assume mat there has
- - deterioration In the quality OF the
nt IN mat country, due to It's slow
sovement Students in tho trade earn
Iy believe that with the shortages
moved for, exaggerations taken into
CONSIDERATION and tho very attractive
r,'es taken into account the Russian
49, surplus II less than 100000 600
"NHNeis Admittedly. tho outflow Of
W. ''oO0o bushels at this stage
"uu'd nav" material bearing on Amcri-
oan values. especially as the Indian
.oP IL maturing satisfactorily on big
H,'a ana should be ready for harvest in
shout II month.
me private predictions for an i'm
m'.se declease In the visible supply
ui,emeut on Monday were not uuhecdcd
~ induced some commission house
auylhs Tor strong interests at yester-
49, setback. II was contended -hsS
'he reduction In stocks for 30 ws5ys
H.gN' amount to 5000 SG bushels or
more m" actu- s-eararr"s Toy ~
N'"N nave bee- very large AT 7,FS,. 800
bushels sg~inst b,4O0,0OO thp grr 1hine
~ and s,1jO,O0O a year ESQ, Tne in
ssrS' receipts were Esssut the same az
-" weeks showing and only sligltly
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
HOTELS ON RIVER FRONTS.

High cost of foodstuffs ana the .y.r
increasing rentals in the centre of thu
city may result in the next few years in
the erection of fine hotels along tho
river fronts A hotel man, one IN a
position 10 know the sentiments OF hotel
proprietors' ~ reported TO have said
recently that the hotel centre of the
future would be along the water edge
OF tho city. On the West Side II would
be south OF Fifty-ninth street and ON
the Dast Side tho hllly ridge north OF
Eorty-second street lilo Thought a
better site IL not 20 be had in the CITY
than The ridge along tho East River.
Hotel men, he said. have got to
do something 70 remain In business,
Tho cost OF meals In hotels is as high
as tho pubic arc willing to pay. The
price OF foodstuffs Is still climbing and
rentals for no particular reason are
mounting TO the skies every minute. ,t
seems. Something must be done and
the something r. a less valuable location
than Is now occupied by hotels.
River fronts make good hotel looa-
tons. but because of conditions DO
ouliar TO this city hotels have followed
Broadway northward from tho Battery,
In the old days hotels were at the
waterfront. Tho Eastern Hotel al
South Ferry, one OF the best IN its day.
faces tho waterfront. and the Stevens
House, at tho corner OF Broadway and
Morris street, when built liz years axo.
had a view Of the water.
Hotels on the waterfront are much
moro exclusive than ON Broadway, ana
whom they are built, II am not rn,ch
mistaken will meet with much popu
larity. For tho convenience of Fuest,
river edge hotels could operate a line
or automobile buses to Broadway and
tho railroad stations"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07

in excess Of tho 4.25O,OOO bushels re-
ported Il year ago. Interior shipments
Were 4.596.OOO against 3.526. 900 last
week and 2326. 600 FOR the correspond
ing period last season.
Corn cash values were lowered about
~ 10 . cents during the day and the
option markets were correspondlngly
weak. The liquidation for outside ac-
count WAS heavier than for some time.
due 20 the shaken confidence in wheat
circles and the apparent disappointing
inquiry for cash corn. Claims that a
bear party is operating At Chicago were
frequently repeated New Argentine
corn was sold for 64le cents in the
Argentine, but the big freight rates from
that country indicate that there Ia no
serious competition TO be feared from
the Argentine az yet Much was made
of the clearing weather through the
West. which may result In larger farm
offerings A slight rally took place be-
fore the end Of the session on very good
evidence of larger export demand,
Iart of which seemed to come through
unusual sources. 4 moderate increase
I'm the weeks visible supply statement
has been forecast for tomorrow.
Oats--After declining about a cont
with other grain n fractional rally was
witnessed. The liquidation during the
past TWO uhNS mas ptfil pultc ptTslSleIlt
nervousness over the shipping situation
inducing n great deal OF the unloading
Accompanying the recovery were claims
OF a substantial export business having
been worked, the estimates reaching
700, 600 bushels. The farm offerings are
not burdensome NJ this time.
Provlsons-The downward trend was
resumed yesterday. Further selling for
packers was noted. The liberal hog re-
celpts and the decline In grain were
other factors.
Tbiga o., prlSaa
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
CAMBRIA STEEL SHOWS LOSS.
Big Decline in Earnings Blamed
on Tariff Changes.

Tbe income account OF the Cambria
Steel Company for the year ended DO
oember 81, 1914, II an interesting midi
cation Of how tho tarif changes and
tho depresson in bushes all over tho
United States have affected the steel
trade In place OF surplus Of IS,
$4,000 which the company showed for
1913. tho report for last year indi-
Gates a deficit OF $3.50, 0i6 The total
income WIS decreased by one-half.
The total income for the year OF 1919
after deductlng all expenses incident
TO operation, including repairs, was So
llb.e32, as compared with S7.7SI97O in
1913. with net OF S2.47S,0g5. against
S6,66S,53O. The not income available
for dividends wns st.9G0.990 which was
equal to 1876 per cent. on the {45. 00O,-
600 outstanding stocks. a. compared
with S6.234,9B0. or 1873 per cent. on
the same stock IN 1918. Following the
payment OF dividends there remained a
deficit for the year OF S2s9,016, against a
surplus OF t8.bS4,960 in 1913 The
profit and loss surplus OF the company
on December 81. 1914, was s2O,23l,165.
as compared with $40. 52o,i7b on Decem-
Der 81. 1918.
In speaking OF conditions and the
effects Of the tarin, William H. Dom
nor. president OF tho company. said
During the year 1914 the steel in
dustry suffered a ourtailnent OF opera
lions and a decrease IN pTtcea, though
tho labor rates established In 1913--tl o
highest ever paid by the company
were maintained. Tho net earnings per
ton OF hniAhod product were the small
est in tho history OF the company: the
annual not earnings were lese a few
years ago. but since then approximately
sS.00o,o0o have bsen spent in improve
ments and the production Of the works
increased and diversified. Prior to Au-
gust the now tariff law was the chief
disturbing factor. permitting foreign
manufacturers to quote exceedingly low
prices which the American mills wcrc
compelled to meet. Later the European
war completely unsettled financial con-
ditions throughout the world In Octo-
Der the financial situation was relieved
and has since been gradually impruv-
ing"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
BRONX BUILDERS ACTIVE.
Last Month Was tho susfesr jan
uary In Three Years.

Building operations IN The Bronx last
month we're larger than in the CORE
spending month last year or the year
previous Statistics collected by Robert
J. Moorchead, Superintendent OF Build
ings IN The Bronx, show sixty-three
buildings 20 cost S2,072, $50 we're planned
last month In 1914 forty-nine opera
tons estimated 20 cost sl.316.s50 were
recorded. and in January. 1913. fifty
four new buildings were planned at a
cost of .1.577.426.
Thirty apartment houses representing
an investment OF Sl,259,o0o according
to architects' figures were planned last
month.
Among other structures planned were
a public school at a cost OF s275.o00 on
Spof,ord avenue. from Coster 20 Faile
street, in the Hunts Point section; a
clubhouse at a cost OF $4,000 on
Washington avenue, from 160th to l6lst
street for the Young Mer's Christian
Association, and hospital building at
a cost OF 100000 for the Montofiore
Home
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
GREENWICH NEEDS FLATS.
Only 20 Vacancies In Hair Mile
builders wanted There.

Wallace BENEDICT. secretary % the
Chelsea Greenwich activities of tho
Peoples Institute, has found in twenty
eight apartment houses I'm Greenwich
Village, containing Sl6 suites, only
twenty vacant apartments, or a vacancy
pcrrCniure OF 2'g pHr cent. 4 real ps-
tate dealer IN The Bronx, tho neighhor-
hood which comes next In popularity
among poople Of moderate nouns. places
the vacancy percentage IN hts vicinity
AT 10 per cent And this figure rises IN
other less thlclSly settled parts OF the
city AZ high as 40 per cent
So serious is the demand for high
class "walkups' IN Greenwich Village
that Mr.. BENEDICT has written "a lct'cr
40 several thousand HUilicga ana rea!
estate dealers describing Greenwich
Village characteristics and calling at
tention to tho dearth Of accommoda-
lions.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
WOODSTOCK WANTS Low FARES

Marcus Weyl of the Arm OF Arthur
Weyl Il co, has been elected president of
tho Woodstock Taxpayers Association of
The Bronx. Other officers elected were
the following First Independent, DR..
John J. +, NAaughlin; second Vice
president, DR. Vincent +. Quinn; record
ing secretary. Harold weyl correspond
ing secretary Arthur Rosenberg flnan-
cial secretary, Roland l.. De HAN 4;
treasurer, Alfred q. Rowan: counsel. Al
derman Harry Robitzek. Indorsoment
was given the DunnAGan Callahan Ave
cent fare bill compelling tho New York
Central TO carry passengers from Grand
Central Station TO the oity limo for a
nve cent fare thereby relieving the
strain and inconvenience OF tho present
subway.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
so NEW BROOKLYN BUILDINGS
wiu Cost sbIO,45O-$345.0 900 VIII
GO Into Tcnements.

Tho estimated cost OF now constr,lc-
ton work In brooklyn exceeded the
$4,000 mark last week. according 30
plans filed with tho Building Bureau
Eleven tenements estimated 70 cost
t3i5, 900 helped materially to carry the
figures for the fifty new buildings up
to "A total Of s5l9,i50. Twenty-Five Of
the new structures are 10 be small
dwellings estimated 10 cost altogether
S1lS.3OO, and fourteen miscellaneous
structures costing s56,i50
The most extensive tenement ho,lse
operation will be I'm tho eastern district
section, bordering on tho Williamsburg
Bridge Plaza The South Fifth Con-
struCtion Company Is 10 erect two six
story touemcnts nj cost Of sos. 900 on
tho southwest corner OF Hewes and
South Second streets. and the Solomon
Kr1us Realty Company will build
similar structure at the southeast cor
nor Of TIcwes and South Fourth streets
at cost OF 100000
Mrs. s. l.. Lloyd is 70 spend $50, 900
on a tenement to be erected al the
southeast corner OF Jamaica and Van
stolen avenues. A $4,000 four story
tenement win 30 built on the east side
Of East Eighteenth street, south OF
church avenue, by tho c. A. Holding
Company; similar structure costing
$50, 600 win be erected by the Serota
brothers Realty and Construction Com
pany on tho north side OF Lincoln place,
east OF Troy avenue, and tho Building
Company Of Cohen Brothers will erect
two four story tenements on the south
side OF 81 Marks avenue, east OF
Howard avenue, AT a cost OF $40, 900
Al tho northeast corner OF New
Utre0ht avenue and Forty-fifth street
the G. w. y. Construction Company will
build seven three story brick stores and
dwellings AZ n cost Of S35. 900.
A post Office branch station 20 serve
the uptown section of the borough is
to he erected by tho Morris Building
Company at cost Of $4,000, on the
northwest corner of will0ughby avenue
and Steuhen street 1t will be two
storiea high and cover q plot S+s by
~ feet
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
scAnsDALE BUNGALOW COLONY.

Tho Robert 10. Farley organisation
announces that tho Model House Com
pany. Gerald Fountain president, has
closed contracts for a bungalow colony
adjoining and part of Greenacres. in
the Scarsdale Estates. Tho portion OF
ground which has been acquired by the
Model House Company Will eventually
include forty-four lots. on every one OF
which tho company expects - erect
bungalows OF California architecture.
The Pacific slope idea and effect will
he carried out oven IN the planting Of
tho grounds, the landscape gardening
involving tropical plants. flowers and
trees wherever practicable
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
YOKOHAMAS ARE RARE
AND BRING BIG PRICES
Long Tailed and Gayly Colored
Fowl From Japan Are Not
Bred Extensively Hero.
By LOUIS p. GRAHAM.

This ia ono Of me ola and rare but
highly ornamental races of poultry
Nokohamas were originated In that land
where the natives delight IN producing
extremes in plants and poultry--Japan
IL ia probable that their first iinporta-
ton TO England was from Yokohama
and they were consequently 90 named
This is an Oriental game, bred especial
~ for It's great length OF tail, and In
Japan these tails reach the length OF
eighteen feet At least two photographs
made In Japan. have been produced, one
showing a tail Of eleven feet six inches
IN length, and the other eighteen feet
such tails are never seen on the speci-
mems exhibited either In America OF
England. but they are often shown with
from three TO six foot tails. This ex
treme tail development IL confined en-
urely 10 the males, although the fe-
males have extra long and profuse tai
feathering. not exceeding that OF a good
Leghorn hen to any great extent.
Yokohamas are not bred extensively
In America, although some are exhibited
NJ the big shows almost every season
The chief reason IL that their main us
II az an ornamental fowl for a country
gcntleman's home, but their utility
qualities cannot be mentioned. The
hens arc rather poor layers OF small
eggs II II also very difficult to keer
the fowls and prevent she magnificent
long tail plumage Of 'he males from be-
ing broken before attaining It's greatest
growth Males do not develop their
greatest length OF tail untn their third
year
These fowls arc bred IN four ooiorr
silver and golden duckwings, spangle
and whites, and are rated az a very
hardy and vigorous fowl. They do best
where they can get good free range,
the exercise and natural feed doing
much to keep their plumage brilliant
which IL not the case when they are
confined TO yards Yarding also breaks
the tails OF the males.
Al the present time these fowls arr
rare. hard to obtain and command good
prices
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
GOOD BUSINESS SEEN
BY RESERVE AGENTS
Federal Board Gets Reports Of
Fine Prospects in All
Districts.
NEW PLANS DISCUSSED

wAsHtNdror, FEB. s.--The Federal
Reserve Board Issued a statement to-day
summarizing tho results OF a conferences
Il held this week with tho Federal TO
serve agents OF the twelve roscrvs banks.
Tho statement says;
'-The board at the frst conference
presented 10 the Federal reserve agents
a List Of questions touching the oon-
duct and operation OF tho Federsa re-
servo syBtems and tho relations OF the
Federal reserve banks With their mam-
bora Practically all of these topins
wore considered during the deliberations.
and various memoranda were prepared
by q committee OF tho reserve agentn.
and formal report In In preparation
Tho Federal reserve agents pre-
scrtcd q report setting forth dohnits
stops which should be taken In dcvelop-
ing the clearing functions OF the Federal
reserve bankA both az regards oeartngn
within tho several districts AMI oAoar-
ingB between tho several disty1otA
Among other topics covered wore ths
bonding OF Federal reserve agents., meth~
DDS Of improving tho plans for the
issue OF currency and tho situation az
the different banks.
All the Federal Reserve aSouts wers
optimistic with regard to the probable
business % the coming year and the
chances OF profitable operations by
Federal Reserve banks. Some agonts
reported that the banks were already
fully provided for expenses and share
OF their dividends, while in practically
all districts Il appeared that tho SUP
port of member banks was being OBJ
tanned and that the prospect OF sue
cessful cooperative work was favor-
able
the meeting was reported a. highly
harmonious and was considered pro-
ductive Of beneficial results II b the
hrst thnt has been held sinoe tho con-
vention of officers and directors OF TO
serve banks held October 2o-22"
Hero 10 the statement Of the con-
dition OF the Federal reserve banks OF
New York, Philadelphia and Bostont
RESOURCES.
Boron New rerh phia-
certiHea,cs e.. srSs@Ocs sssOscU uRtsesos
LEGAL tender
notea silver
/. certificates and
subsidiary coin 3,BS,ooo Ave,oOo Bsoe00o
Total. ......,. .,iSsolOoO sos, 900 ,1asioooo
Bills discounted
rn s9a lS:n s sSS t ssss . .Ss
Due from other
r. X. Bs.. net. 800 Nss1.opo 49,.
All other TO
sources $50. 47s,cc i.Bsoo tssccs
Total rcsuurc-ssls 90 s12s sfS 900 IN sS 900
LIABILITIES.
Reserve deposits slb, so4 900 900 ,issstooo
Due other r r.
capital n; PAID IN , istS .,s, , ,s GO
TosN liabilities SIS. SO4 900 ,19s sss.ooo ,a.sss 900
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
WHY OBJECT TO IMMIGRANTS 2
Statistics show Every New Arrival
Ada. $1,000 to ofty'. value.

6tatisticians and economists OF ex-
perience and reputation have accumu-
lated tables and records which prove
conclusively that the assessed valua-
ton OF real estate in a community in
creases at tho rate OF approximately
$1,000 for each and every individual
added to the population Of tho COM
munity.
This does not mean that individ-
uals OF all nationalties and all colors
and OF all conditions OF life are of equal
vnluo 10 community.
Il means that tho average value of
human beings TO real estate owners as
whole Ia approximately $1,000 for
each Individual.
The amount which each person oon-
tributes to the real estate values OF A
city by moving inside the corporate
limits n undoubtedly largely deter
mined by tho individuals ability to
bring money into the community and
by HIS disposition 20 spend this monev
In tho community.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
SEASHoRE HOME BUILDING.
SIX GOING Up AZ Manhattan Bescf
-H.s 400 Houses Vow.

More new houses are being erected
at Manhattan Bsaoh Estates than ever
before at this season OF tho year. Among
those building bungalows arc Mrs. Clara
Bunce Lewis Schnibbe Jr-, Mrs. Alice
Wolfe, Mrs. Mao c, Dodge, Abner r.
Cassidy and Mrs. IDA p Dietricn.
With tho houses already erected aud
those GSw In the course of oonstruo-
ton. Manhattan Beach will have col
ony OF one hundred houses, most OF
which arc occupied all the year round.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
SECESSION GUNS READY.
a 5000 Word Resolution, a Bin
and n Committee AZ the CapifnL

Secession from tho tax burtenins al
lance with Greater New York Is ASKED
for by the Rockaway Civic Federation
in 5000 word resolution setting forth
the abuses practised on that section
since II was Incorporated within tho
limits OF the greater city The resolu-
ton and bill providing for secession
of tho Rocknways from the city OF New
York went to Albany last week Tho
hill will he introduced In tho Assembly
by AsseInblyInan Thomas A. McWhinney
OF Lawrence, while Senator q. L. Thomp-
son OF Kings Park will introduoe it IN
that body.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
TO THE HOLDERS OF
MEXICAN TELEPHONE & TELEGRAPH co.
First Rsiunding 4 Extension Mortgage
Five Per Cant 2O-Ysar Sinking Fund Gold Bonds

Under the Sinking Fund provisions OF An
Indenturs dated February 1, 1910 between
the above Company and the old Colony
hereby gives notioe that II has tho sum OF
taOls7 Tor investment In the bonds ISSUED
hereunder,
Offers Of bonds endorsed Tender Of
Mexican Telephone and Telegraph Com
pany bonds" VIII he received by the Old
Colony Trust Company, Trustee II Court
street. Boston, Mas-RchuAettA until noon
OF Tuesday, February 10, 1913 at which
time they WI be opened.
The right Is reserved to rsJeot any and
all offers
Interest on accepted bonds Win ceas.
Thursday, February rs, 1918
Old COLONY TRUST COMPANY, Trustee.
by J. r. Wakefield Vios-PreudonA
Boston. February 8, 1915.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
tsS5ooO
$4,000
PUBLIC UTILITIES.

The Southern Pubic Utnities Company
has Sold $4,000 000 Of iis first and refund
Ing mortgage per cont gold bonds. due
July !, 1919, 10 william Morris Imr~ie
& 60. who have hoen appointed tho
Public Utilities Company ovn4 and oper-
otcf electric power and lighting plnrts.
gas plants, electric street railway lines
and water works, supplying sixteen cities
ana towns In tho Piedmont section OF
North and South Carolina. Il In CON
trolled by tho same interests which con
troll tho Sout hern Power Company
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-07
U. 9. AIcohol Co. Report.

Tho United States Industrial Alcoho
Company reports for the year ended
December 81 gross earnings ~ tl.O6g..
sol. against s1.OO6.774 I'm 1913. Tn,
surplus Of earning 'cr tho year was
s2S3.26s. against Sl27,35s IN 1918, nc
reserve OF 100000 for preferred divi-
dend having been made last year, as In
1913. The total surplus at the end
OF the year was t2.87O.223.