davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
No Reaction Needed.

Wrenn Bros. say I'VE do not think
tina, technical and business conditions
warran. any substantial reaction except
in individual issues and these indINld-
nal backward movements nave been oc-
-urring right along. substantial fea'-
ions do occur in a normal bull move
uent because such a movement u IN
,esnonse TO a corresponding improve
ment in production and trade and be
cause impro, ement in trade proceeds by
stems. with intervals of rest or relapse
between,
,.In the lgOi-06 bull movement for eN'
smplc mercantile business suffered dis-
tinct setbacks in December, l'o4, June.
1905. and the summer OF i'oo ana
, here were corresponding reactions III
stocks. Illustrations OF this sort mgr,
be multiplied. But the present pun
movemen; is net normal ana Is oaseu WI
,ha con rary on orders for wal NUM-
tons and SUI plies and upon ous'.ess
which is indirectly stimulated by THESE
orders These orders are c~ontinuousl!
dowing IN and seem bound to do sc
until the erd of the war comes IN sign
! and the climax is cached
"Hence the underlying cause fof, th'
subs,antial reactions IN stock prices u
! lacking and II Is not SURPRISING Una
no such reaction occurs, The clVi' wa
! hull market proceeded without a u
~.tantial reaction during two-thlrds OF tn'
total rise from loves. TO h,shes'
Hence while the future action OF th'
ma rket is always highly "proh!ematica'
conditions appear to Indicate ina IN
great reaction ought to occur cNcept II
The event of "A luil in the war orders o
of threatening international disputes
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
Sptrtt Of the Market.

\ Londoner who made a great fortune
in the great kaftr boom "A quarter or q
century ago is in this city. He says that
the present movement in stocks in ccr-
tan Of its principal features reminds
him of hat great speculation. The big
fortunes in those days were made by the
men who gamblcd and gambled furi-
ously. Caution was the one element
that never entered into their calcula-
tions. II was thrown 10 the winds. The
market was treated as II there could he
no top to II. Each new level was vel
coined as an opportunity To make larger
and larger commitments. II was In this
way that tremendous bull positions were
built up and enormous fortunes made.
OF course when the inevitable collapse
came a great many OF these fortunes
were wiped out and all or them
dwindled. but that is another story. The
signs are that the present speculative
! movement Is still far from its crest,
/ Nevertheless. it is developing charac-
tegistics that display The presence o.
I gambling OH u furious scale. To "A great
extent day to day speculation has be-
come Il speculation upon performance
pure and simple. There has grown vi
a great body OF spectators who follow
the activity and disregard all other CON
siderations. They recognize the plair
symptoms OF a runaway public market
and are content to be in the swim. NJ
a matter of fact. IL they are In the mar
ket at all this IL the only logical argu
ment they have with which to JUSTLY
themselves. The huge volume OF trading
makes IL impossible to Judge the mar
ket by the ordinary methods Of calcula
ton.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

The only explanation given for the
spring rise III this instance was that
the company eNpec.ed to make large
profits in the execution Of war orders.
Ii happens that two weeks ago The COM
pany's nnual report was made public.
and this showed tina the for
the year ended June 80. 1918. had failed
even to earn operating expenses IN the
sum OF f,l+2.so2. and the sta einent
was made In the report that AT no tim"
during the fourteen years Of its exist
ence had the company suffered SO sever
d depression in its business. gross earn
ings having amounted to only ?.303.
$5t.s6s,l1j in lsl2-lS. Even supposine
way 10 the prosperous condition OF tw"
years ago, when the shares commanded
no such figures a. those to which they
/ have now been pushed-the extreme
high poin, then being tii..
"And We may be sure there will be
similar ESTABLISHMENTS IN many rtner
cases where prices have been carried
to absurdly figures. The
collapse in values, however. will occur
long before the revela ion comes. and
what liz feared is that in the general
/ tumble many innocent outsiders will
suffer and more or less havoc he created
throughout the whole financial world
A curb on the movement ugh To he
sharply applied now. lessening the eN-
tent Of the possible disaster. Banks
and brokers have il in their power Ia
apply brakes. and IN thar way prevent
"A hcadlong rush to destruction"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

DAIRY PRODUCTS MARKET.

chang 81 .rlN. Last weeks receipts
~" H&i packages, which compared
,@ ,1s az" n ."g ol Srey,ses week Ms ssG1m
,hpI," grades showed fair movement. Top
srtd's ct rcnoyaiod IN better demand on
account p Western adNices. Ladies showed
steady trading Packing stock nrm with
receipts moderate. Prices: Creamery. OK
"a p -,pr". -Si.c.. highes, scoring.
:stH-f',. hrst.. ~ 20 81 score, 25ls
50 :" n'rme. - size; common 70 fair.
..'sp-i's. f'upt at,d. extras. 2tu?iRc.;
tf't' 80 -"l.'.. imitation creamery,
ttsts. -. a ga. ladies. current mGnc,
tr"s --u.-isc packing stock, June. fine.
%:',u-l, .Ifr,n' make. nnc. 2otsc.; No.
! ~, ,"r GruIes. l'Hlsisc,
CHLt> -Mark', was quit yesterday,
Vs. prices unchanged. TIN. week
Up'f auuun 81 20 about Loo boxes, Re-
eeP'. .a.' No-k were l3sis boyes, against
~" 1 No." previous week. High grade
Sne-ed, Fancy held skins show hsht
'mt' ,,s'A' l'"lit.e ayerase iin'g'
I!r. 's.1ls fr'-h, ohoicc, lO's q lie; fair
i, so'i. "l"' Wisconsin twins, ltise.'
eole'e .'-r.. liig "ljc.. Young Amer
EiGS-D1 account al the receipts of con-
slsrahl" quantities Of held eggs from IN
,s,lor n"'o'. I's' w""k's receipts we're ss,-
~ cast agp.u-' 50, $40 In the previous
'''N 'A' Huuuu- of fresh supply was
,'o. a. '." s'prdee eggs Mere mainly
'lt'' Ih'F- mas heeh a soou
'|l"St Ga tr'3ulI OF M
' =, a., -""' if'sh STOCK hos' vi ".
..'lh'. '. .atrrN and are other~lS"
muF.' N driving the irade 70
T ,''lS'i'i,' arr arm ana IN goot
$500" NO ''h"f'S -. Week. were hDou,
' N'''"" mites IN lgh, Supp'y
.' Fresh ghthefed tN1r's'
extras nrsis. " nS-'';
. '' '"'oupS "3H sc 40. l
& TelrlscrdtpE, nrsts,
,,tN rs, ga &c hennety
90, 'in,y' h'h lsc henherE
III, - mixed ,vp!ors' u st,'
I'm 81 .ll1-Niih h:'e"n cars on
- ' 'h.'N ten were" unloaied inc
80, ",d'N vs. auiei; WIN LoMrr
r.'' Cd" h"'.F an Lines Evcn mis- did
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
OPERATORS
| REDUCE HOLDINGS
mspo,ition to Even Up Com
mitmcnt> Before TO-mOr-
rows Reports.
ADylCE> or POOR CROP

-u,.foHs I'M cotton yesterday were
,.,,,,cI ch,cn, to evening up before the
,nblicatiou ~ the Cove; nment reports
.u..,v The postponement Of these
Its v.s rti,cj partly by the failure
,,h, census bureau to get its tull ;cle-
-..,s, r,.u.ns and was influenced also
:. ,,o unw~Irlngness To- give out the re-
=. ,u, communication could be es-
,.,,.b,j with New orleans. ms CEN
.y rsuort Of the ginning OF cotton up
and Including september 20 Will be
w n,ll.. 1T 10 O'Clock tomorrow.
nhie the h1~cau condition figures will be
lssuei at noon.
- rcrJ~l ~ the mount OF cotton
".aal Ian, seems 10 lie looking for u
.atIop b.;wcen 81 and So. The 70
- a, Mis- GILES placing the condition
y, e., and that Of the Journal Of Com
-, making the figures 63d have
snssl traders t. modify their ideas re-
,,rdnc the condition Of the crop.
cen,iinert Yesterday was more or less
fused private wires from New Or
,ans sta.ed that radiug was being con
a,,c,ed there at n decline of about 81
oo,n,s from the previous closing quota
| ',ons instead 81 u decline OF $50 points
verpool was somewhat Disappointing
sS, ,hc showing wa disregarded. Thu
1 rorrool Exchange will remain opei
Ia r; 20 T.. VI. tomorrow, Liverpoo
sn,e In order 10 get the full tradin,
benef, ou tine reports.
A Alabama wire published YESTERDAY
.,ys The bulk of the cotton crol
tas beeu picked. hut only a fair amour
: he,ns sold, as "A higher market is an
,tcina,ed. The crop is understood Il
hove been raised more economically thai
FOR several years previous. the top GRO
4 a failure and estimates on the whoi
range from " per cent. IN ~
.iahau. ,o 80 per cent. in the northern
az, ~ ,he state. The storm OF Thurs
say injured standing cotton to some ex
,sps 81"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
EXCHANGE RATES EASIER.
Heavy Offerings 81 nils Cause
downward Tendency.

Foreign exchange rates. with the eH-
ception OF francs aud lire. were :euer-
ally easier yesterday, Broker reported
heavy offerings of commercial bills,
These exceeded the dcrand and the gen
eral tendency Of the market was down
ward. Sterling declined to al ,i'iS
for demand and tTcl-lS for cables,
Francs were unchanged at 36 Cor
checks and 5.15 for cables Italian lire
was quoted NJ 6.21. Marks declined
from sAis for sight drafts and So. for
cables, the prices at which they were
quoted on Friday At the close ot IN"
ma rke,. to 81 and Ahs respectively
Kronen eased Off In 1912. against l5.5o
on Friday. Rubles were unchanged
at M.
There was received Yesterday AT the
Sub-Trcasury s2Ts,o0o in English SOW
rreigns. The gold came from Canada.
$3.50, 900 coming for the account OF the
Canadian Bank OF Commerce n the
remainder for the Bank Of Montreal.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
THE COFFEE MARKET.

TIE .ontN futures market wa, pu.ei yes
i"' li,. hui prices were steady and Sn""
af, ,.u.n- Of : 10 : points ON irhhsd' 'i"n.
Of $50 bags. There Wa an absence 81
80 lnS pressur" tnl mnn"rdt., local huylnf
.a.. prices a 'rlf' higher. The uetF posi-
tons made the bet gains
Coroc futures prices gained ah"ni on.
eighth OF "A cent during the past week.
There was no "vll"uC" ~ tggrc-SlNtn"-
on the par, ot IN" longs at any time, nv
here was an absence 81 cling pres-hr"
ana IN. helped to give ~, market =
+. a.dy tone Conditions at Rra2il dur!us
ne week showed practically NO cnane'
Milrri. prices Wvr" steady tal eN, N"ns'
was nr.u. The local spot market Ma"
uute' vita Eio - mdiDt ,urd ~ - cent
Rrdz!..an markets Wett irr"g ni'r 10
4. we're unchanged a. ,t5nn Rio IN
S.ntos rec, ip's i|otalled = p0o lag S.,'
PIANO had $1,000 AVID Jinli,ny 5000.
me rair ~ Rin \cnaus. "a London Wa
slNau, Ell to- l.i.d irl"as Ncrc.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
Consolidated Exchange.

w~estInxhous was the most active stock
on the consolidated stock Exchange ye.'
,erday. It opened at laf; reacted III ,S'al
iss, car and Foundry opened at san'
II. points above It's closing price on rni;
day. After dipping to si% II advanced
10 stl., at when ~ clos'"i -.
steel opened At sls' !, 81 .oi 2 p "s h.ssRp
a. sad then reacted to sos, IT
closed on another advance. Its final price
Therc were a good many 'reactionists'
on the moor. but none OF the traders work
Ing for a reaction appeared !" pc rspt.,,-
NICE IN the Immediate future. ...
esics totaiiSd for the tive hours sS.I1s
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
Sees Day Of ReckOnina.

Let ii be poinred out that there Is
absollr ely no basis for the rumors or
suggestions and the crowd becomes all
the more eager = get a share in the sup
posed treasure. An advance Of % OF 80
points. which would ordinarily produce
d,zziress. Is accepted as confirmation Il
the wild imagirings and as evidence that
prospects are such AS to Justify any
advance in prices. Consequently. after
the value OF "A stock has doubled or
treblcd. THE prospect of a further rise is
CONSIDERED as good as before and the
zest to secure the GOV eted prize becomes
all the keener.
Nor is 1t any longer necessary to
make 4 plausible showing OF war prof
it's and the nature of the business in
which any concern may be engaged
tons are being conducted on a colossal
scale and the mad crowd simply turns
from one thing to another. he IL never
so obvious that price imitation has al
ready reached dangerous limits, confi-
dcnce in further profits continues unim-
paired. so dazzling are the prospects
considered. whittier all this will lead
! no one can tell, hut that a day OF reck-
oning must come is as certain as the
rising and the setting of the sun. News.
paper reports this week have been "a
the effect that the banks are demanding
larger margins on their loans, We did
NOT suppose they were loaning at all or
the kind OF things that are engaging
the attention of the giddy crowd
Referring to the rise Of American To-
connective common stock during the pas
week, the Chronicle says I'm mosI
cases the only reason advanced for In,
prodigious rise IL the presence of wa,
orders promising large profits. Grant
ing that these profits will be realized
their tenure must necessarily be brief
A sudden ending " the Val in Europe
will terminate them abruptly, What II
the prospect In numerous instances MAJ
be judged from the experience Of thu
American locomotive Company: Las
snrinx vhdn thu rambling In the wa
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

brides began. the common shares OF
this company were whirlcd M IN a
period -: six weeks from - 70 e., Then
a collapse occurred ana ;he high point
was not again reached until The present
week. when IL was passed and the stoc.
went to ,2x
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
Mule Team Together - Years.

HuLspALE. Mich, Oct, 2.-rrobahly
there * not a team OF horscs IN the
state which has quite the record ~ the
span of mules owned and driven by
T., n. Noys, for these animals have been
in continuous road service for twenty
eight years and they will b. 81 YEARS old
their next birthday, They haN. never
been driNsn bA amy one except their
ow ner
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
%COTTONSEED OIL.

Rumur. "f . lower crude OIL msrkcf
were not confirmed The liquidation uf
contracts was rrad,lv absorbed. Rchncre
gave support to me list ana Their" Wa.
scattered buying. based ON thc higher Hard
ouotition~. Tenders for l2O0 barrels wore
reported. Exports Of oil since September
total $4,000 barrels, against 1900 d
wear ago.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
THE CHICAGO MARKET.

CHICAGO. Oct. Union Carbide was the
Conspicuous feature in this market, with
pliccs showing a net .ain OF . points,
Ste " art. Warner and CHICAGO Pneumatic Too
held steady. hut were rather iull, Public
Service common was tImer. Bond market
a shade b<tier The
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
THE PHILADELPHIA MARKET.

PHILADEIrHIA Oct e-Outslde oi Cam
bra Steel. IN which there va continued
heavy iridin. from 6'> 4" S.. ''ri' ""-
nttl, done IN he marNct mere. louds W'|'
-irhnN on lght icnlInEs Thr .lnlmnhrN
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
THE BOSTON MARKET.

BOSTON. Oct. The copper shares market
was again strong and active during the short
.r.siOn. Trading was we'll distributed. with
closing prices around the best for the day
Indusirials and railroads were steady. The
summary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

several additional contracts fot steel
huildiug work have been closed. These
amount to @,onu tons of fabricated
shapes, and indicate hat thu total or
derS booked by the falIira'iue shops
in September called for $500" tons.
This does not include several small ">-
port contracts, amounting to l,N0n To
..OOu tons. In July and August the
average BOOKINGS were l5n.n"n tons per
mon contracts reported on Sa'ur-
day. including as tons for - building
a. 81. paul for George Benz a Sons,
awarded to the 81. Paul Foundry COM
pauN 500 tor for a factory a, Hunt
inGton, W. Va, for the Glass Brick COM
panN. which went to the NaSSillou
Bridge Works 36n tons for car barns
for the jamestown, y Y, Street Rail
WAY Company, awarded 20 IN" Kellogg
structural Steel company, and 500 tons
for the Union avenu" grade separation
at cleveland. which went To the KING
Bridge Company
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

There Is a well defined difference OF
opinion as regards the markets imme-
date future betwee the trader who
views the market from the noor and the
commission house u The commits
sion house man sees the market from
the point OF view OF the buying side.
Usually he is so busy that the only view
he has OF II Ii that of "A huge and con-
stantly increasing mass of people rush
ing to buy stocks. utterly regardless OF
prices or anything else. The profit TAX
ing. OF course. Is enormous. hut IL is
nothing to the new buying. The COM
mission house broker IL besieged day
and night in person. by telephone and
by telegraph by friends and customers
all eager to get into the big movement.
The market to the floor trader presents
q totally different aspect. The tremcn-
dous pressure of the public buying de-
mand is not pr sented to him wildly
every moment OF his wakeful hours.
Wha, he sees is a terrifcally high level
of prices and stocks being pumped into
the market constantly. The commission
man Is bullish and the floor trade is
bearish. Both may b. right. but al
least IL may be taken for granted that
while all the world and his wife are
buying stocks with both hands the ad-
vance will go Oh.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

s,o, otinu At New York was uuiet. .
AM. decline. niddltns. ll.Sc, southern
,,o, m.rkct. we're UNCHANGED TO slower. with
savannah i'isr Houston. n.ooc.: AUGUSTA
n Sc. and Memphis. Il.,5c.
The Li,er,oo market opcned barely steady
Ter Va. , poor business IN spot cotton,
rth middlin. II points decline at 6.ssd.
sales. sep bales; receipts. l.co) bales. includ'
N. ,Nl American.
prres a, Liverpool closed barely steady.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

The National Tube Company has adj
yanced prices OF steel boiler tubes 81
per ton. The company has ais issued
q new card of discount, advancing oil
country goods about s. per ton, as pre-
yiouslN noted ouo contract for twenty
miles of ,wclvc inch pipe has been
placed by u gas company in the central
West for Ohio shipment
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

The Northern Iron Company has
closed q contract for furnaC" coke for
shipment at the rate of li."ou tons per
month over the first half 90 next year
10 IT. New York state furnaces III"
pllces paid rang from 81 :; to s9.3j
per ton AZ the ovens.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

1otaI nablltlcs.. ...... rl's,">3,l"N .S5S
Federal Reserve notes out n anIing. sci. SO, Coz.
against which there Is deposited with Federal
Reserve agent commercial paper. S!70.0oo, and
gold and lawful money. SCI 3 .0ln-
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
Assisting Nature.

IN ~ar'cnyn,ous correspondent who
signs himself "a Broker, 81 wall street.
sends in the following communication
scrubbed on ar odd sheet - paper "A
resp nsible official of Genera Motor
Company remarked to-day we expect
t. combine with Maxwell Moor. l
would like to see II, sa Il he. and | am
sure 3; will be before November 1. 1916"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
NEW CITY NOTES.

;is;5;:;; T. n 81: III: In ISL 49, ISL. Il:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
GOSSIP OF WALL STREET.
Plat du Jour.

American Car and Foundry was the
new favorlte OF the speculative element.
III was the horse that tr0tted yesterday,
as a well known racing man predicted to
MS broker. Car and Foundry went
up IL points and closed at the very top
u TIE day. The rush to buy as soon as IL
was evident that a move was under way
was overwhelming. There was no.hi;g
new to account for the move. Ever
since II became known hat the car and
foundry company was getting war bust
ness the stock has been looked upon IA
vorably. The company has a reputation
Tor excellent manag. mcnt. What has
happened In this stock is evidently what
mas happened in a dozen others. The
available supply has been gradually
bought up by the Street. When an actual
scarcity began - quicken the pace of
the growing advance the speculative
clique u1at exercises a rowing commits
sion In the market. looking " for signs
OF increasing activity in these stocks.
saw its chance and jumped in.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

'HT' NIV VNIsNT "a f.TtN.
The chicago Great western Railway
COMPANY reports Tor the Year ended June
80, 1915:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03
MONTHS RAIL BUYING
TOTALS 461,70O TONS
Largest Bookings Since Janu-
ary, 1912-Grcat Call for
New Cars. Too.

The sudden. active and energetic cam
;,aign entered upon by the railroads.
to secure adequate equipment mas de-
vclopcd large and surprising proportions.
Contracts for rails placed last week
amounted to 24i. 900 ions. assuming that
60, 600 tons for the Chicago and North
Western system aud 10000 tons for the
New Haven have been actually closed.
This brings the total orders in Septcm-
her for standard and light section rails
to f6I 700 tons. These are the largest
monthly sales since January. 1sl2. when
tl,,. total bookings were 500. 600 tons or
the ESQ. 900 tons purchased since the
first OF January. 1t Is estimated mat
about 500. 900 tons are for 1916 delivery.
Contracts for 5000 to 100. 600 tons are
still pending. including 10000 tons for
export to Russia. The southern Rail
way and Seaboard Air Line are expected
to close additional contracts during the
current month.
The tota, railroad equipment orders
placed in Scptember-rails, cars. loco
motives. bridges and structural work
will make draft upon the steel mills
for $4,000 tons of steel bars. plates.
shapes and other forms.
The car shops booked orders IN Sep
TENDER for 1868 more cars. including
freight and passenger equipment; $3.50
cars for repairs. 1899 steel underframee
and 81 dump cars. Last week the car
contracts placed amounted 10 l,i19. in
Guiding $50 cars for the Western Mary
land. $50 of which will be built by
! the standard steel Car Company. and
zoo automobile cars by the Western Car
and Foundry Company. The Michigan
.Ail;ali Company is in the market for
tnIrty hopper cars. The New Haven Is
taking bids on . dining cars. The La
Belle Iron Works has ordered ) Nat cars
from the Ralston Steel Car Company for
delivery AT the Steubenyille. OHIO. plant.
The San Pedro. Los Angeles and Salt
AXE Railroad Company has ordered >
caboose ears from the Pullman company.
The Delaware and Hudson has ordered
/, passenger coaches and = baggage
cars from the American Car and Four-
dry Company and . steel coaches from
the Barney & Smith Car Manufacturing
Company. The Minneapolis and 81.
Louis is in the market for 1000 box
cars.
Domestic manufacturers of war NUM-
tons placed contracts last week for 49,
zoe tons OF round steel bars for shipment
over the first three or four months of
next year. OF this $4,000 tons is for an
'"iS''lH MANUFACTURED WHO mas pTacp
cslly closed another contract for o.
ooo 600 high explosive 329 inch shells
for Great Britain. The steel will he
furnished 10y an eastern Pennsylvania
mill. The Hydraulic Pressed Steel Com
pauy finally closed with the wal ma
steel Company for $4,000 tons OF stee'
for shrapnel shells. delivery to he oveI
twenty months. The other $4,000 tons
are for delivery In New England. includ,
ing S,o00 tons for shipment TO Gloices'
ter. Negotiations continue on 49,,
ooo. o"o shells for Great Brtain an,
France and :. Uun. "o0 for Russia. Ahuu
5000. oo0 to t."uo .o00 shells for France
are on the point Of being closed.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

5000 Am Az Chem =. "r. s4A, 'tNs as
pJ Am Tel 4 Tel u. s'. ~. NJ. NJ.
1880 4 G. 4 W | a.. - % . y
$500 Miss River y ~ - % {" -,
600 y y Tel u. ....... loot. ioots l0ia loot
i00a wer + ST r r u. ss1. "a. 90. 90.
800 Western Tel - rit7 as, "7's 90,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-03

Me- earnings. .... s193.G>3 Dec. $I3.637
MINNIE NPOtIS AM st. LOUIS.
=, The Minea potts and -. Louis Railroad
" Company reports for August: