davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
SEES EXPORT HOARD
OF $1,5OO,OOO,OOO
Sir George Paish Thinks This
Country Could Have Great
Excess in Year.
VAST SUM FOR LOANS

Sir George Paish. editor Of the London
StGtist. in the latest Issue OF that pub
~lIcation estimates that thisc country could
have a surplus OF $1,000. o00. 900 Of ex-
ports over imports In the next fiscal
year. This, he says could be held avail
able for loans TO Canada, South
America and Europe. These figures In
terested Wall Street yesterday. for the
reason that Sir Georges estimates OF
tho United States Indebtedness to Eu-
rope last fall. while on his visit In
this country to aid In finding methods
Of relieving the International exchange
situation, were accepted az authorita-
tive.
1T should be clearly understood
that the largencss of Americas exports
since the war began is due TO her WILL
ingness to take payment IN securities FOR
a large part OF the goods exported"
says Sir George in part.
"Since the war hgan the United
100000 of the floating debt owed on
balance to the rest OF the world when
the war broke out. but has placed abroad
soine $4,000. 900 OF additional money
in subscriptions 10 loans. The floating
debt due by the United States to the
rest OF the world was mainly to this
country. But the s24s. ooo.0 900 OF capital
that has been invested has gone. s97.-
100000 to Canada and SAG. 100000
to France and Argentina.
In the next twelve months. from June
OF this year TO JUNE of next year. the
amount OF capital which America will
be able to lend to other countries will
show n very large increase, as there
will be practically no tourist expendi-
lures abroad in the current year TO he
provided for by exports. This means
that America will have some $500. 0OO,-
600 of additional money available for
foreign loans II the American people
continue their present policy OF econ
omy. Indeed, II the American people
wero so to desire they could easily have
a surplus OF exports over imports In
the next hscal year of nearly $1,000
600, 00o. and after deducting the
$500, 900, 900 they sent abroad for in
%terest, gifts. freights &c. they should
ave about $500. 900. 900 OF money
available for loans to Canada, to South
America and Europe"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
THE GRAIN MARKET.
wheat Irregular--Ncws Mixed
Excessive Rains for Crops.

me net loss Of about a cent a bushel
M the July delivery at Chicago, while
ne more distant options were fraction
any net higher. was hardly consistent
WIN the apprehension expressed be-
,ause ~ the incessant rains In various
paris OF the Western belt and conse-
q1ent fears Of a late harvest. Yet a
lumber Of private reports came, tell
,ng of heavy precipitation In sections Of
pK!anoma, Kansas, Nebraska and Mis-
souri.
Ihess dispatches promoted quite
httle speculative buying. most OF
Shieh was concentrated in the early
usaHngs Of the day and In those toward
.He cose Of the session. The weather
mAp aid not disclose IN general or
.9r'enlial rainfall in the area west OF
we mississippi River. but railroad and
..Hes authorities wired that one to Ave
.nches OF rain had fallen yesterday, and
NAY. a tornado In northern Kansas and
spu'hern Nebraska had resulted in con-
'uelao'e crop damage.
roreisn advices were again very
yearsh' Exporters were not friendly 10
- market because OF the tenor OF their
aUts' English houses again can
.eNea trades made here several weeks
ago for August shipment wheat. It
. Gear that there was further SELL
ing OF options in the Chicago market
~ iorelgn account and In quarters the
oppression prevails that interests abroad
rs se heavily short In our markets.
."ese sales were believed to be only
,,sANy hedged by cash wheat holdings
side. po'"'s on '"o o"'e'
Huch notice was taken OF the cabled
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
FOUR POINT RANGE
IN COTTON MARKET
Trading Dull, but UndcrtOne
Shows Little Sign Of
Weakness.
NEW ACREAGE FIGURES

Cation continued dull yesterday and
royed within the narrowest price range
,,.n for several months. The undertone,
however, showed little sign of weakness.
Prices held well. with the close showing
a ne, loss OF 3 TO 4 points.
The Bureau Of Crop Estimates OF the
ns,ar,ment Of Agriculture issued its
-svised estimate on the acreage plants
,,s, season, placing the total area at
- ,os. 900 acres. compared with 3s,960,-
ooo acres. as estimated last July. The
r,,or, on July / will use these figures
a. has.s OF calculation for its estimate
~ season. The trade is looking for
rsduction OF approximately IL TO Il
nsr cent. although this expectation may
=, sorev nat affected by the acreage
s.,r,s OF the Financial Chronicle, which
.ni be issued this morning. The report
- ,ba chronicle will compare with 3D.
$4,000 acres last year.
rha Department of Commerce has IS
.,.d come figures obtained by Ameri-
40 Consular officers on the number OF
.o,.o, spindles and percentage OF ac-
,,,,,y In Nav and the value OF cotton
Iods on hand. compared with May last
50 f., France the consumption or
-, only 40 per cent. OF last
s.asou. In Russia for the Moscow DIS
,,,c, the consumption is proceeding at
~, the same scale as last year
II snain spindle activity Is placed AT
40 as compared with 5S last year. NO
es,res were given for Germany. Austria
or Great Britain.
One OF the news agencies here In COM
rsn,ing on the possibility OF deliveries
a. I,ly contracts says; In view OF the
,act ,hat July Is selling at a normai
serving charge under october not a rev
~. Inclined 10 the opinion that hedges
araIns, the local stock Will ne extended
70 October At the same time we near
,hs nrediction in some quarters that
shInm.nts from the South for July deliv-
ery will be large
4 well known southern cotton mar
rho is Interested in the commodity hoth
al a broker and a grower writes TO a
Arm here as follows:
81 am bullish on cotton. believing
=, the present price II Is too near the
cost Of production. and SHOULD there he
,ny particularly bad weather to cause
MS crop to become foul or calling for
s,tra money to be sent after the crop
q. IA n question whether the merchant
would advance the money or whether
he planter himself would be disposed TO
send good money after a cotton crop at
this price"
p-,,.ura. ,iOSal steady
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

session was also for southwestern in
%terests. large Western elevator concerns
and commission house longs who were
frightened into liquidating by bearish
reports concerning the Dardanelles. The
advices that all stationary land forts
at the Dardanelles had been razed also
prompted fresh short selling. especially
as II was argued that the technical
position Of the list was less strong, as
a result OF recent short covering. De-
clines that ensued inspired quite a little
buying credited to large -four mills.
whose stocks OF wheat are thought to
be periloYsly low as a rule.
Curn--For a few hours of the session
Il, appeared as though the trade was
going to ignore the unsatisfactory crop
reports. Rains were again shown in
parts OF all Western states where the
plant has rotted in the ground and
received but little cultivation. In some
districts, the seeding has not been COM
pleten.
Selling Of ola torn for farm account
WAS reported during the early session
and other scattered liquidation followed.
IL was evident, however. that country
oncrinss were confined to the eastern
bet. The decline extended to aoout
a cent . bushel, but in the late trad,
demand exhibited a general expansion.
Fresh short covering developed and
some OF the large commission house
traders were credited with adding 10
their lines. The prospect OF additional
to-day tended to restrict offer
II was asserted that unless the
weather cleared within a few days, do
mestic consumers would be in the mar
Pet for fair supplies. There was no ex-
port call yesterday.
Oats-Further frost reports from the
Northwest. covering the cold weather of
the earlier part of the week. and re-
ports OF excessive rains in many Western
sections. together will the late rallies
IN other markets, did not suffice to close
the list higher. The hedge selling was
hard TO asslmilate at times and there
are many In the trade confident OF a
bearish crop mex month. Foreign buy
ing has almost entirely subsidized.
Provisions-The support from the
! acking Interests was not especially good.
Hedging against large stocks held at
various points depressed the list. Specu-
iative support was slight and the hog
market was easier. Shorts were moder-
ate buyers at the decline.
Chicago prices
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
BLOW TO ADVANCE OF LEAD.
American smelling Co. Cuts Price
From Z to az Cents.

h most unexpected turn developed
In he metal market yesterday when
tho American Smelling and Refining
Company lowered Its price of pig lead
from Z cents a pound TO 6H cents. II
was less than a week ago that the COM
pany had advanced its price from Sh
cents to 7 cents. Just why the leading
factor in the market should md oc-
casion to reduce prices at this time was
u~naccounted for by competitors. some
OF whom had sold lead on Monday as
high as s cents a pound.
The result was to cause some denora
llzation among consumers, particularly
those who several days ago had been
rather heavy buyers at higher prices
Than those quoted by the American
smelling Company.
Production OF lead is increasing as
sources information was secured which
led to the belief that the consumption
as well was growing at an enormous
pace.
The drastic cut put into effect by
the American Smelling Company made
II impossible for competitors to continue
to make sales at their high prices.
A rather mixed condition was again
noted in copper, for against some sales
at 20is cents on domestic business there
vas also copper sold at 20A cents a
pound. Producers. however, stlrl assert
that there is sufficient nibblings from
abroad 10 Indicate that the export bust
ness will soon show big improvement.
Spelter occupied a much less prom
inent position thar for some time past.
Offerings were at the lowest price pre-
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
THE COFFEE MARKET.
Futures Up 2 60 10 Points on Sales
Of 10000 BAGS.

The coffee futures market closed
steady, with prices 2 TO 10 points up on
transactions OF $4,000 bags. The July
position showed armness and was ad-
vanced 10 n parity with March. July
switching was quite active and about
5000 bags were exchanged for March
evenly. Offers In o n fre!Ghts
to-day were steady. Santos being UNI
chanred to higher and all RIO offers
were on a hrmer basis. The local spot
market was quiet and unchanged. with
RIO IS quoted AT 10 cents and Santos
- - cents.
Brazilian markets were irregular. Rio
is declined 20 refs 10 iSs25, while san
tos Is we're unchanged at $500. Rio and
santos receipts totaled $1,000 bags. Sac
Paulo had Il. 1000 md Jund!ahy, 5000.
The rate o, RIO exchange on London
was advanced TO 12hd
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
HI SUGAR MARKET.
Raw St~ady-Rcdnrd Unchanged
Futures Easier.

The raw sugar market was steady
yesterday. with the SPOT price un-
changed ut 4.S9 cents. The Arhuckle
interests bought in all available offer
ings OF nearby Cubas ~ this level yes
terday afternoon. amounting TO about
10000 bags.
Thc situation In the refined mar
kct was unchanged. All Interests con-
,!nued TO list standard ~gyanulaIed at
go cents. There was a good demand
for withdrawals on old contracts
The sugar futures market a. the
Coffee Exchange was active n easier.
There was some short selling for West
ern account and Wall Street interests
wore also sellers, Total sales were a.
40 tons.
p-lcos vere.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
PUBLIC UTILITIES.

Gross earnings NJ the Ohio Fuel suppl,
COMPANY for m. year ended April 10
1915. Increased tlte,9l9. There was A.
Increase Of 800, 900, however. In operat,
ing costs and taxes so that ne; earning,
showed an expansion of only $40, ga, com.
pared with the previous wear After In
terest charges the company had a haI.
ance NJ sl6i5.7eS for rs capital stock
or 1884 per cent. on the OUTSTANDING
issue. on witch quarterly dividends % .
per cent. are paid, In the preceding year
the earned 1920 per cent.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
H S 7 MARKET.

BosToS. June l7.-American Zinc was
active n lower. Butte and Superior
also showed a lower trend. The gen.
eral copper shares market was less
active and prices were easier throueh-
out. with no wide fluctuations occur
ring. United Shoe Machinery was firm,
while the railroad list was dull. The
summarizes.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
THE CHICAGO MARKET.

CHICAGO, Juno IA further rise OF
good proportions in mo American Ship
building issue was the main feature In
this market. Senrs-Roebuck was a little
lrner, while such stocks as Chicago
Pneumatic, Stewart-Warner and Illinois
Brick continued to maintain a strong
Chicago Railway IS were a
little easier. Other bonds were steady.
The
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
Exchange Seat sold for $4,000.

The Stock Exchange seat OF Daniel
Bacon was sold yesterday to Alfred J.
Romary for s5b, 900. This price com
pares with $4,000 for a seat sold on
April "a by r.. Norton to David A.
Noyes. On that day two other Stock
Exchange seats were sold at S62, 900
The lowest price for . seat in the
current year was $4,000.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
THE CURB MARKET.
sRpring Tendency In Mnin-some
ndustrIRIs

In the main stocks displayed a sag
ging tendency in the outside market
yesterday. though there were some
strong issues In the Industrial depart
msnt. Kelly Springfield Tire closed Z
points higher at l56. International Mer-
cantil" Marine shares were active and
iractionally higher. Cramp s%hipbuild-
ing ranged between s4i. and 66S. the
net result OF the days trading being an
advance nf y point.
OIL stocks were quiet and irregular.
with price changes unimportant. Ac-
tivity in bonds subsidized and prices WIRE
unchanged.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
THE PHILADELPHIA MARKET.

PHILADELPHIA. June l7.-Bullish ac-
tivity extended TO Electric Storage and
United Gas Improvement to-day. the for
ner gaining I point net and the latter
"a. Lake superior and Cramp & sons
were f~ractionally higher. Gen raj AZ.
pIialt common was easier in the llre
trading, closing IL OF for the day.
The una
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

KLElN-Iu1Ee Hand has CON.
hrmet a composition Of Siwou ken
ton street. with creditors a. - cent,
on the dollar. Liabilities. t2s $50.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
Burlington 4 Missouri River
Railroad Company In Nebraska
Consolidated Mortgage
6 Per Cent. Bonds
DUE JULY l, 1918.

NOTICE rs HEREBY GIVEN THAT IN
pursuance OF a Trust Mortgage Deed exc
Slied to The New England Trust Company.
Trustee. by the Burlington & Missouri
River Railroad Company in Nebraska,
dated July /. 1878. the following so Con-
solidated Mortgage Bonds due July 4. 1918,
of said Railroad Company. secured by said
Deed OF Trust. have been drawn for pay
ment, viz
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

THE PITTSBURG MARKET.

P%IrrsBUR0. June l7.-There was very
heavy buying Of Columbia Gas and
Electric during to-day's session. The
stock closed with a gain OF . points.
Elsewhere trading was ligh', with
prices about unchanged. The summary 4:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
The Ontario TransmissioHcompany ltd.

b% HIST Mortkage NOId BOnIs.
NOTICE Is HEREBY GlVEN. as pro-
vied In Section l %: tho sinking Fund
Agreement, dated June Il. 1870. between
The ontario Transmission Company. Ltd,
and The STANDARD Trust tonpHuy % New
York, Trustee, % which the undersigned u
successor. that offers W.. De- received uut.L
u. o'clock \ VI on MONDAY. juno :sth,
1918, al the Office OF the Undersigned, No.
l4O Broadway. New York CITY. for .ha -als
20 u on July LIST 1918. OF sufficient bonds
at not exceeding ll0eo ami accrued interest
to exhaust the sum OF Thirty thousand two
hundred and four dollars and ffty-thres
cents $40. 2Oi53l.
The undersigned reserves the right 90 re-
Ject any or all offers. Offers should Be
sealed and addressed 20 the TRUST DE-
PARTMENT.
GUARANTY TRUST COMPANY or NEW
YORK. Trustee.
BY CHARLES II. SABfN, President
Juno l4th, 1915.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
The Ohio Fuel on COMPANY r.por,

The Ohio Fuel OF COMPANY reports
for the year ended April 80, 1915. gross
earnings OF sl.259,5S q decrease Of s5l9,
9g9. while there was a shrinkage in not
earnings ~ t33l SOL. The company earned
per cent. on its capital stock dur
ing the year, compared with 37iS per
cent earned In the preceding year. Divi-
dends paid last year were at the rate %
$50 per cent. and amounted to S<so. 600.
leaving a surplus OF s3s6 asa.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

We consider the proposed changes in the terms Of the bonds pro-
vided for by the Plan and Agreement mentioned in the foregoing notice
as distinctly advantageous to bondholders, and we recommend the deposit
of bonds hereunder so that the Plan can be promptly consummated.
AS an indication of the estimate placed upon the advantages of the
Plan, we call the attention of bondholders to the fact that the market
matdy 14 per cent. at this date.
Dated, New York, June Is, 1915.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
KUHN. LOEB 4 co
THE BALTIMORE MARKET.

BALTIMORE Jun 1T-Cnited Railways
Issues declined further on selling induced
by fears OF titney competition affecting
earnings. The rest of the market was
steady. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

Eleven \. VI. bids to Liverpool were:
July, $50. October, $500. January,
M?3c. The market there is due TO
opn to-day = to ! point advance.
prratD,v M e,a,L. maze
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

Subsidiaries Of the Utah Securities Cor.
n~oration are beginning to renect through
aSgrsa,Sd SPe1a,,9E sspsnsrs the sspsRndi,
In the way OF reconstruction, intercon-
n~ectlon and Capitalization OF power gen
sonsolIaa asd ,Tannmis''% N tho Ai'n comn.n 's.
for the first four moths 81 the current
year disclosed a falling on Of Sl3.al7.
s3l, 900 in operating expenses left net
for the month showing a gain OF sl77+5,
or mere than : nsr cent; a STEADY lower,
now on until the companies are placed on
an operating basis comparing favoran!y
%,rIbn,iHF n propsrtles IN IN. EisctT r"' Bond
and share organization,
Railway and Light Company and sub
EARNING. for April Gross 10, the mont;
,it.7is from April" iSnI." Ne, esrninss
were 3ss,os2, or sl2.:o2 less hsn for Las,
year, The balance AFTER i%ntsres. charges
decrease Of 'i3,O??, or 7l.o2 per cent,
For the four months ended April 30, 1915,
s1%Si ssTT.pss on Ter ,ss n. 2'ss per G Tn mai
balance was 25.055. or a. per cent under
the balance for tho corresponding period
of 1914.
Although the Cleveland Eietric Ilu-
moderate gain in gross Of sl,49a net earn
ings improved sio,3+i. or 6.3s per cent,
over May, i9it; as the result OF a sub
Gros6 for the month wss sStg. $50. with
net Of si7a,i3:. The balance applicable
to d!y!denhs on the common stock after
tl02, 7ts, compared with "a balance Of sal, =
$40 In May, 1914, an increase of Sll.53+,
or 1858 per cent Operating results for
the twelve months ended May 81, 1918,
disclose comparatively little alteration from
the preceding year. gross increasing .lS
per cent
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

SPOT cotton at New York was quiet.
5 po.n, decline. Niddling, 9.s0c. South
srr spot markets were 5 to IL points
decline. with New Orleans 9.25c.. CAL
weston $500, Savannah &C. Houston
S20c and Augusta sc.
The New orleans market closed
steady. Prices were:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

Court Of Appeals Calendar,
ALBANY, June lT-court Of Appeals
calendar for TO morrow: No. 27?, People vs..
Licenziato.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

v" prirans l.SI 10 LOO % 3,Vis
Exports yesterday. 10 bales. Total
mus FAR this season. s.0lS,22O bales,
aga!ns, S,7S7,?i9 bales last year.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18
Oren.Hich-Low. Clos Prev

The Liverpool market opened dull.
There was a moderate demand buriness
in spot cotton, with middling 4 points
decline at 5.2>d. Sales, 1000 bales re-
ce.pts. $4,000 bales. all American.
Prices az Liverpool closed quiet but
sstady
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

5000 4 J. IS. = z
500 ny MI 8 II cv ss.lllH illS INV lllri
1900 West Tel 4 T Is. % % Dc IS
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

OF Pac,H, Gas an. T. --.- ton-
pan
San Francisco. ca. May gt. 1913
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-18

Iht bo0ds ttarInH III above numbers
VIII be paid AZ par a. The office OF III.
urt"rsigned. 1875 Devonshirs Street, Bos-
ton, Mass. on the First Day Of July. 1913.
with accrued Interest TO that date, after
which date Interest on said Bonds will
cease in conformity with the terms OF the
J. .Et Deed
The New England Trust Company,
TRUSTEE,
by JAMES r. HOOPER. President.
Boston, Mass. June Is. 1918.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-03-03

The fact that a man sits up TO Il
p. m. studying the seed catalog does
not necessarily mean that he will
work in the garden until IL a. m. on
some OF those spring days.
South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-03-03
1T Is As SHERMAN SAID.

When Gen. Sherman said that ''war
is helI' he spoke grim truth that
applies not only to his own time. The
world has been regarding the devas-
tation of Belgium and Poland as hor-
rible in extreme. but it begins TO ap-
pear that the devastations of the
Russians in East Prussia are the worst
the war has yet produced. Horror
accumulates upon horror.
The Russians themselves have ad-
mitted that their defeated troops laid
waste the country as they retired. The
kaiser has stated that the destruction
was beyond anything hitherto known,
that the whole East Prussian country
was utterly ravaged.
Now comes the word OF two Amer
lean coTresT ondents who have per-
sonally seen and photographed the
most terrible and disgusting devasta-
tions known TO war" At Goldap. they
say. the Russians did not leave a
house, store. hospital or church
standing. In Lyck and all the sur
rounding towns there were similar
excuses. every residence being plum
dered: and the women, it is positively
stated. were not spared by the sol
diery.
Thus the Germans have had brought
home 10 them what Belgium has suf-
fered at their hands though they Will
not admit that the cases are parallel,
since they insist that they destroyed
only when assailed by the civilian
population.
ON the other side it can be said that
Russia devastated the territory OF a
beIligerent. while Germany in Bel
GUM destroyed country that was
be let alone But in either case com
mon humanity forbids that helpless
women and children and the aged
should be treated as belligerents.
Whatever the excuses. the world Is
getting on all sides a picture of just
how bestially wicked war is. None
has ever been fought without heart
less excuses. without wanton destruc-
tion. without the degradation OF wom-
en- and the murder OF children.
And vet war fanatics in this country
and abroad will doubtless continue
10 affirm that war makes only for the
manly virtues.
May heaven long Ceprive as of such
manly virtues" as are developing in
this war,