davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
TOPICS OF THE DAY
IN WALL STREET
Result of City Bond Sale
No Disappointment in
Financial District.
PRICE REALIZED WAS
WHAT WAS EXPECTED
Quotations on Curb Drop About
Half a Point-Canadian at
Lowest Since 1908.

To people in the financial district the
result OF the city bond sale was no
disappointment. That was shown IN
the bids from bond houses as well as
in the late afternoon comments IN the
brokerage houses. On the whole, the
citv was thought 20 have done very
well. While IL is true that money is
nbnormallv easy and July dividend and
interest payments viii shortly make q
large increase in what might be called
the floating supply, there were OBJ
stacles enough in the way OF strlk-
ing success Not TO lay stress on the
citv's excessive borrowings in recent
years, the city's sale was hampered
bv the same influences that have put 2
wet blanket on the stock and BOND
markets. The price of capital all over
the world has advanced and the rise
has been signally advertised by the
Interest rate and other conditions OF
The big British war Loan. The local
market is full Of high grade railroad
issues. offered from roth domestic and
foreign sources. The enormous cost
of the European war has given great
many Investors the notion that cheap
as bonds are now. they are almost Ger
tain 10 be cheaper as the destruction OF
capital continues. Whether that view
IS correct or not, il IS one generally
held. Then, as minor factor, there is
the uncertainty that still exists over
the German situation, which MAKES IN
VpstOrs cautious.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
HARVEST REPORTS
WEAKEN WHEAT
News of Better Thrashlng Re-
turns Revives Fear OF
Hedging Sales.

Chicago, June 29-Renewed fear OF
pressure from a rapid movement OF the
i915 crop brought about downturns to-
day in the price of wheat. Notwith-
standing an early advance, the market,
although steady at the close, was &c TO
lAN1%c under last nights level
Corn finished ga &C down, oats sc
off 20 sc up, and provisions varying
fror, unchanged figures to rise OF DC.
Weakness in wheat became espe-
ciallv noticeable during the last hour
of the session, when clearing weather
and better thrashing returns had lea
to predictions of an increase OF hedg
ing seles A long range forecast that
gave promise Ct az least several days
of clear skies and warmer temperature
counted decidedly against the bulls, ~
being urged the market IS 20 70 -
cents above last years prices, with
crop 150,0O0,000 bushels larger than
last year. and two-thirds OF the t0tai
almost ready T. move. The selling that
ensued was headed by some of the big
gest houses on change, and seemed 70
| show nearly complete reversal OF SEN
timent as compared with the feeling at
the start
Commission house buying, based on
higher cables on stormy weather IN the
domestic harvest region, was general IN
the first half of the day. The best de,
mand was for July, which remained
comp ratively firm in the late trading
despite the sharp setback suffered by
| September and December. Rather
urgent milling demand for old wheat
mad the bears disposed to be cautious
/ in regard 70 July.
Corn was governed mainly by wheat
| Sligl tly improved crop reports from
, Illinois and Iowa tended to handicap
! the bulls.
! In oats encouraging field advices APP
naarod 70 offset a strong demand from
/ the seaboard
Provisions rallied on account OF buy
ing supposed to be for packers. AT the
outset the market had been depressed
as a result of lower quotations on hogs
CHICAGO PRICES.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
EXCHANGE BANKS
5OTH ANNIVERSARY
Obtained National Charter June
80, l865-Was State Institu.
ton Before Then.

The American Exchange National
Bank will celebrate its fftieth anniver-
sarv to-day, the federal charter having
been obtained on June 80, 1865, after
twenty-seven years of operation as a
state institution. From the date Of its
organization the bank has a record of
dividend payments broken only once
in November, 1S6l-and the disburse-
ments have aggregated S25,443,23l, of
which Sl9,925,OO0 was paid out under
the national charter.
When the American Exchange Bank
began business II had capital Of $780,
600. To-day this sum has been in
creased 10 ten times that amount, with
nearly an equal sum in surplus and I'M
divided profits. Nathaniel Weed was
the first president. but in February
1899, he was succeeded by David Leav-
lit, who was still a director when the
panic Of 1857 swept the country.
George S. Coe, who became president
in 1858, in the summer of 1861, with
other New York bank presidents, ar
ranged for S50,000,000 loan to the
government. II was under Mr.. Goes
administration that the bank was no
tionalized. On January 8, 1894, Dumont
Clarke was elected president, and on
January II, 1911, he was succeeded by
his son, Lewis L. Clarke, who is still
president. Under the latter's admins
tration the deposits have risen from
$50 955, 900 to SIS, $4,000.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30

Ercelpts. 5,UtI head' an TOT 'h4kuIFr' no HAIe'
uo.nlnaly steady. -
Sales uA,e yesterday J. O. Curt, L. Son 81
STATE hogs. l53 ID al ts35: Is. 1873 10. $3.50: ~.
10 h. Is IS. ? 40 ID. ss.it. IL roushs $50 10.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
COTTON PRICES
REACT AT CLOSE
Traders Look for Bullish Fig
ures in Government Report To-
acknowledgment Steady.

There was q further advance in the
cotton market during Yesterdays early
trading, but the improvement was lost
with the close barely steady, net
points higher TO l point lower.
Cables were better than due, and
the market here opened firm at an ad-
vance of 3 to 8 points. After some ir-
regularity. due to realizing and 1T
tie Liverpool selling. active months
worked about 10 to 10 points above
TUESDAYS closing figures on covering
and fresh buying inspired by the more
bullish average of crop and weather
news. II seemed. however. that these
factors were promoting more demand
from shorts than fresh buying for long
account, and support became less &C
tive at 9Sj for October, or about 20
roints above the low level OF last week.
There was no material change IN the
general character Of the news. but as
soon as the buying tapered OIL prices
turned easier and reacted rather sharp
" during the last hour under reaIiz-
ing, local and Southern selling. Inc
close was at the lowest point or the
day.
The preliminary instruments OF re-
port expected at the opening TINS morn
ing indicated deterioration over the
entire belt except for an Improvement
in three states, and the scattering ad-
vices received from the South were
more bullish than for some time past
A prominent travelling crop expert
sent in a report that prevailing weather
conditions in Oklahoma were setting
the crop backward. and there were nu-
merous complaints of insect damage or
combined with the early advance, sug-
gested quite a modification of local
sentiment as to the probable showing
of the government report tomorrow,
but the scattering short interest ap-
reared to have pretty well covered on
the advance of about p points from
the low level of last week. while recent
BUYERS were evidently more inclined
to take profits than to carry their con-
tracts over the government bureau.
Advices from Washington said that
/ Great Britain had agreed to permit the
shipment to Sweden each month Of H.
coo bales Of American cotton, which IS
said to be about twice the normal
amount hitherto taken by the Swedish
mills. Private cables reported quiet
market in Liverpool, but there was
continued good spot demand, with sales
reported at $1,000 bales Southern spot
markets were unchanged. Exports for
the day were 1897 bales, making
$1,000 bales so far this season. The
report of the Watkins Bureau. issued
by the II. F. Bachman Company after
the close of the market YESTERDAY
placed the average condition at 1914
per cent. comparing with 1871 per cent
last month and III per cent last year,
and estimated the reduction in acreage
at 1863 per cent. Three other private
reports are expected to-day, and their
| showing will doubtless crystalline final
! sentiment as 10 the probable figures
/ Of the Department of Agriculture
which are published at l o'clock on
I Thursday. Range of prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
Stock Exchange White Book.

President H. G. s. Noble issued yes
terdav what might be called the W hlte
Book Of the Stock Exchange, an IN
innate account Of what happened IN
the crisis of 1914. One of the most
Interesting passages describes how a
nrounincnt bank president and great
prlv.te banker told Mr.. Noble, after
the exchange had been closed, that an
unfortunate mistake had been MADE
and how within less than twenty-four
hours afterward they were made 10
realize that u was they who were
wrong and not the exchange authorl-
ties. All sorts Of suggestions, prac-
teal and fantastic. were made to the
Committee which ruled over the bust
ness of the exchange in the period be-
tween its closing and its formal re-
openjDc. One bankers advice is high
" praised. It was he who pointed
ont that when the Indebtedness OF the
United States 70 Europe could be of
set nv our exports the danger OF re-
establishing our market would become
ncfligibIe. He told the COMMITTEES:
you will be given all kinds of advice
bv all kinds Of people, but remember
that in the end he responsibility VIII
fall upon you; therefore, listen atten-
lively TO everything you are told, but
act on your own independent judg-
ment." As he had predicted, the de-
sired change in the trend Of foreign
exchange came much SCORER than was
expected. In contrast with his prac-
teal suggestions was that Of another
banker. who thought a committe ought
to visit Europe and cultivate socially
great persons in the financial world,
dining and consorting " 4 them until
thew divulgcd wha. the probable
amount of American securities was for
colo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
INCORPORATED AT ALBANY
Try telegraph 70 The Tribune. J

Albany. June 2s-Incorpprsrons aied with Sec
retar, % state today $1,000.
AdirordacA Garage Co. Hudson FAILS; s5s,ooe
Frank G. sherman !. V. Buio". George " Nay
TFp@rt COAX Co. Manhattan: Nocco: Philip
Errllicr 50 Eastern Parkway, Brooklyn; LOUIS
U-enuer. Brooklyn. joseph Bremen y. y. -
E.srb E,r.ga ow Builders Brooklyn. s. 900: James
G.. McCCmh. S6l Fulton -, bfootDL' - bufO"@'S
smith brooklyn. Winot ". Smith. y. Y.
Heds Aifg CO. brooklyn. saiYes FOR ieet. etc
Sc 900. : James iIyeT. go Jamaica AS. brooklyn
MAJ J. IIyer James l.. Fields, Brooklyn.
CcI's Baths Brooklyn. 5000. Catherine A; Noi
eOg5 T. 10th -. BroOkyn. Thomas !. Con. He'h ~
Es.t New YORK Peilcs' Supply Co. Brooklyn
o-ygc.gd.. Sl2 500: Jerome KAsr. as Miller a..
lifoyklyL. ABR Is. kTSkOWer. George saA0S' Bfooh-
The Z II AZ Co. Manhattan; hardware: 500.
oo6 Frdrrck G. Royce IS Greene az. Brooklyn
IL \ Fraser Thsddeus J.. Hyatt Brooklyn. -,
National synthetic CO. Manhattan, chemles $,
etc, IS 900. A l.. Connolly. Nassau St. ~ IL
Harold n Hartwsli NJ Sefert y Y 49,
Marwe. RIDER Manhattan motion pictures w
oo1' WuUam n Jackson. aqi Fulton 81. Brooklyn
William A. lhie Max LeT. Brooklyn.
Kcmp Isludnrrg q Bcaucy. Eddywlle: embr%d'
cries s,c. 500 900. DemtT.Is 4. Kemp. Zs3 W
iosth 49, y ) John y. Ludenberg y. J. Nalei
B,stlry Vested. g. J. ,
Iiierty Garage Brookiyni $4,000 George Wy.
l0l Liberty 81. Brooklyn. Frdsrck smith Ahuis"
&" sisssgsa Nsrdo Pub Co. Manhattan: $40, 900
Feila Do'iuar a. Vssey s.. y. Y: Christine ho!-
stad : Vroseovich. \ Y.
Amc-iean Vienna Roll Baking Co. Manhattan
s. 900. Nathan SuchOd0oS, ltZl Prosi.ct ace
grooklyn: Isaac Kswu,. Charles Painter. Brooklyn
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
Curb Quotations Drop.

As the bids began 20 be opened at 2
o'clock there was time for the curb
market TO register its opinion Of what
the market price Of bonds would be
af,cr the allotment. The first quota
ton was lO"ig 70 1925. In about
three-quartc-s q an hour 1t dropped to
lOl7- 10 1902. and at the close the bonds
were quoted at 1913 70 lOl =. At
that time it seemed probable that the
city would get an average Of about
lOiA The fact that II was unlkeIy
Tho Kuhn. Loeb & Co-William A Read
& Co. syndicate would get much more
than 80 per cent of the total issue OF
bonds seemed 60 make safer the posi-
ton Of the short sellers on the curb.
On past occasions, when big bond Is
sues have gone all TO one set OF bid
ders, the shorts have been known to pay
through the nose for their temerity'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
CHICAGO PRICES.
GRAIN IN OTHER CITIES.

Duluth June 2s-wHEAT-No | had 'i-ssi d 70 g
81 80: July ST september slOtfs. -.
8, N ad;ISt 70 ne NortSs nh 2f9, 81 30
hard winter 8 2o@sl 22 july. $685. seP'S@SSe ts
81 Ola CORN-NO 3 yellow, SCI: 10 wnte'
i5Rc July. 73nc september. NsS7l5se BAR
IT Toledo S'' june % 2S'%wHEAT-c.sn si25; July.
slO6I. september. 500. D.eember i,9oS;
December aud March .ssih; ALs TX
22Is: September $40; octoaer. s.. ?2h..
MqneaPGh lyme Sort0, IsWIi vs. $50, 20 u
Nort1sm L2I5@il$?h. J Jgy SLY Ss SfTs
No 3 whlts. i5@t5he. FLoUh-Unehansed'
' St. Louis. June % -wHEAT-So 2 rd; new.
fllsG3ll5i No hard, 81 23@N.s2 IVY soVs
7Thc July, 75c. September. IOse 0ATs-No 2
Thc; No white. i9hc; July. +o1 SiO>se; sep
Phiisdclphia. June 2e-wHEAT arm: gpins q
higher: No Northern Duluth. 'l5essl'I CohH
Kansas Ci,y. J,ne 90 -wheat-No hard 81. 2e
81 30; No red. sll9. CORN-No mixed. ~
@74hc; No white, 15e. No ye.lov I5c OATS
20 2 white. Fqi7hc. No mixed. ississe
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
nv Telsr,,h to To TT burt

po..oo runs % -liv,stock receipts. 0s1 es'fle.
s1s; shcep and AmJs 1855 calves. 1850 hos
MarEe, i1r beef este quite active WIN pTlees
b'gbe. and average quality better Best seers ana
oIsn sasI.c: good quality. 5hdsc; frS ezra
fancy cows hs'fss ard bulls Sc: be,i COWS - 9
- good -. q s1cj ordinary. "a u o.Gs - a,
sfI Gamer, 81. az bull, Ia god suppJ az
IdTtc. veal calves IN smaller supply snq the
market Amer: good average YEAS ~ g &C ohoee'
gqiJc. coarse. sale. small caves. Sad&o "a.
uoss In considerably larger supply. but marc,
about steady Al ~ ss zoe I've weight sHd ..
l0tc dressed: coarse hoss. oh9 'nc sn.'p -,
lamb, uou,llally unchanged at Ease Tor sheep
AID sSl0c ,or lambs receipts Tor the week beng
mAieriA ally larger. -, a.,
" Atertown st1clyarls but IL sill N me brshU
yards and the abatgr. which are about me ohy
plac,s rOg L..drr restriction. As 10 case o. me
ioot ard rnolI,h 4 syase has been found for over
,hrcs Mouth, u Is probable that The Brighton
yArds vii be reOpsnod soon.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
Excitement Found Wanting.

There was no real disappointment
about the bond sale. but there had been
a hope that something in the nature Of
a surprise would be forthcoming when
the BIDS we're opened. It had been ere
ated By the feeling that a miracle was
needed to give the sale the element OF
enthusiasm that might stimulate me
regular security markets into ne"
lie. All in oil, the Street received the
news IN the spirit Of the farmer WITH
his crop Of oats, who said: IL didn
get o. much as ! expected, and never
thought ! would"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
LIVESTOCK MARKET.
New York. June 20. 1918.

New York. June 20. 1915.
BEEvEs.
Receipts SOB head nearly all for slaughter No
trade n live cattle. Zee Ing steady with fair receipts
expected FOR Wednesday, trade Dressed beef steady
a. l28liac Tor cay dressed n4.Ise '.des.
CALVES
No trerh arrivals for to-day's trade. Feeling
frm Dressed caves steady TO strong City dressed
SHEEP AND LAMBS.
Receip.s lsS' head o cars sale. Marke, in
good position on light receipts and full stesty.
Common % prime lambs. a. s9afll. yearlings. At
Sass. presssd mutton FRA a; SsiSc: dressed
ssi,.-Kerns Commission Co. 5o7 Va lambs GO
p agsr1ss at 81 pc; 100 ID 10 'o e y !S,.3
J sshsmb.rE ! son par late Mona,y, AZ v.
- s"R n. $40 50. Penn 'yesriinG, Is b. 81 Va
- d. ST.. 9 Penn sheep. Is ID. IS; Va. lis
10 r SSO Shannon SISM 40 .i y X lambs. II h. ,
IS 10, So ) sheep Is d. Sj.13.
HOGS.
Receipts. sOs7 head all FOR slaughter: no trade:
nonlnaliy steady. , c,,- g.. .,
s1 so. nAif isl Y'i - s. i5s h. $50 a.
IS ID. Is2j. ,. 40 ID. ,sis. Il roushs. $50 10.
iS7s.
P'Og.s I {, ;:,. .5 S;S. s ,gSH,y
@ts IS; Gull and common: s rs: lsmos.
"a GOA $40 5O. veal cAlyss $50 30sfloi3. HOGS
ioaef. rccslpts 10 double decs prime he4virs
s, s0 oei.ums and Workers.. SsetS.o5: pln. $50
", Rg-.ie SY. June se-CArrLE-Re-
c.Ip,,' loo head: Ana. yEALs--Rsesip,,. 100
hssd. active. 81 s0@tii HOGS He'slpt.. 1000
80. live: hray. s.. miI,d Sssss IS Yorkers.
g. "a p,ss q 2O4Ss %. foushs. - S0ats -:
80, y;cIs7S SHEEP AND iAMBs-heceipS.
lo0 bssd aesve: prices unchanged
1hirsro June 20 -HOGS-Reeelpis. is 0o9
~eal. INN i'.,sstso. , asss F.oeEI;;
.,s4 i'SF', s bib ri 5.Sss
(. 900 arm. nStiVs besf steers s.7s@ta. rs. West
ga .'s,r, ' ,s.iio So and A'f'"' "'''
| Kaa,u CITY. Ma. JuEs 0.-Hooe-hsrsipsA
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30

Canadian Pacific at l4la touched a
price II has not known since. lsOo,
when il was per cent stock, ana
had s:.ll three years 20 20 before be
ine put on a 10 per cent basis; Even
in 1907, when values disappeared before
the panic. It sold only 80 points IoW S.r
some Of the liquidation in Canadian
came from London. as 1t has been do,
Ing all along. Ut was the selling OF
Canadian from Europe in the winter OF
l9l4-I5 that first gave the hint OF d
great war 20 be feared) But the
Western houses were said 20 be selling
Canadian in much greater volume than
was London, 80 that the dividend STU
alton Sas regarded as more pIeearlou -
than ever Al Yesterdays closing price
Canadian yields slightly less than per
cent. The same price, with the diyi,
dend az per cent, would give yieid
OF 40 per cent.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30

1900: lower: hulE ,7,osr @. hsss1: So" L.,
;s g'gssss' ..d = ;ss,7 tsrTLE@hs
Srs D bee, .ssr. S s0u,h',9 ; q =.
s,ocsers and feeders 50 .;1ss - bulls, "a 63
s., caves sG4slO IS. sHEEP-Reesipes. ~,
I s.,s.,, 1, en- ne So 1I ,9,. s5gs5 So
&, Louis. June e HOGS. Reeeip;s; 90, .c5
lower: piss ana psnis. S5!je go PIC, ~.
CATTI.E-Rsccp,s ZOO. s;rCns hAuse e. ~.
stoos S75Jafs %. cows and heifers' ~ 49, -
steers s. Sass IS. COWS and h'lefs s'4 80
Iauvs cave SsRil0 SHEEP-Recepts; s.Syy
s; sGats 81: spring lambs. t75O8s!0.Sj.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
Satnrday Holiday Likely.

The possibility of the Stock TX
change taking d day OIL on SATURDAY
seems 10 be getting stronger. Brokers
don't look for much OF a market dur,
ing the rest Of the week and some OF
them have already started away for
their holiday. In several instances
yesterday floor members were asked
by others 20 make comparisons without
waiting for the close Of the market,
the requests coming from men VINO
planned 10 90 away to-day.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
APPRAlSALS OF ESTATES,

WILLIAM b. CoNKIIN Nov 70. i9iU; net;
:t339j M,; r. Helen He. Md G 10 w.S Sh CSnaia
SON Assets Lot at ArdSley. Nrst.hestrr County.
$500; plot at Great Neck tststesi Nass.a Sou,,y.
D FRANK HASTINGS WHITE Coet s 1910. pet.
So. 456 Thomas white ana , v,r 1,s .o, nSy
Assets An equity Sj26 in two lots in Soih -.
Couey Island appraised t,os -(SS pef 81 q Ias
mortsAzes and personally. s. $50 stocks and bonds
''SIKoIAus BURGARr Jan. 3. 1879: net, So,
OOo. Veroa.ca D lloumann. daughter. and Louisa
Faulha3er, adopted daughter. each received $40
ot tie rest q he es,a;s ps 81 iss % NE ws,,
lo7th st.. appraised at 1880. an equity Sass
IN 32l West ilst st.. appraised at 'so'o00' de-
popIIRR' ' RIictHARD VAN sAITyooRD sept. 10.
1879; net sj2.lS5 Mrs. Hattie 4 Van SAINT,
", 81. ooo an equity. $1,000 IN 10 ives, i22d
a. appraised a, $40 900. deposits. tGZ. lihrary
and books, SIS ieTsly $50 furniture ,Ra ;sf.
$50 stock, and bonds $3.50
To Ssthsn Hirsch. brother .lsI 1853. Joseph Hirseh
father bu.iness interest appraised at SV,si-. MIS-.
sScs H ,s; Ts@ss I A.s .'4d PP
er,y q; Roxy Point Brookhsyen. l. !. slz9Vo.
properly at Corsm. 1. /. 5000: meadow land at
GFGRjE l. TAYLOR MAY a. 1879: net.
Sl.S z54 To Mrs ElIAbeih Percy Taylor, vile
life estate Ia iiI.IfS ana the fcMaluucf Ges
her ufe estate and the resdusry estate passes q
vs. Howard Taylor. Looms II. Taylor. Lucy {.
Taylor and Romano y. TAYLOR. sous and dsgEh'sr
A,.c,s An undivided interest In the equity m
seven parcels of realty IN brooklyn. A.i+s. de.
posts N.lS9. morsages. 32Oe0: stocks Ahd
bonds siiO.sl5. az Interest In the business OF
Jeremish Cur,it 4 Sons. Of London. Ems 81 900
The largest holdings u siocks we're 20 share
New York Harlem Il r.. ti6s25. 10 shares
standard on Go. Of y J.. $1,000. 90 shares
Abner TAYLOR Estate. S. 600. - shares Proctor a
Gamble. common. Si3.!gS. and 80 shares vacuum
Oh Co. So 100.
POLKA MARIE WH.KENs March y. 1910
net. sI0.s9g There we're fourteen oensnciAries. al
relatives, Assets Deposits. g. $50 personally
lewelry and siiycgware. fl7.it0: bond. sl3l.
CHARLES Z. BROwLH. a resident = New JeF
.ey NOV. T. 1919 snure estate. te3.Its- As
eel. taxable IN New York state stock q goods a
.ie Pearl at. 81. 2sl. And saiionefy. $40. total
l2i Ssi ne, value " New York estate after 10
dursions fle.S4T Thn,e brothers. two sisters.
nsphsw and niece the bensnciaries
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30

direction Of this country. The credit
in fact. compared with the preceding
weeks balance. shows loss Of more
than 100000. 1t was the decrease
in exports-four times the increase
in imports-which was responsible for
the falling off This being the begin
ming of Europe's harvesting season.
the exports of grain from the United
States have temporarily fallen off, and
there is said to be a smaller export OF
cotton.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
M. o. P. Plan Approved.

Missouri Pacific directors met yester
day and approved the voluntary reor
ganization plan which has been pre-
Viously outlined in The Tribune: IL was
announced, however, that the fuI De
tails would not be made pr u't
next week. owing 10 the fac hat %.
eral technical points have yt' &. receN
the approval Of the compal vs. atfof
neys. All the interest obligs nons g
the Missouri Pacific and the ~. L.uls
Iron Mountain & Southern due to-mof'
row will be paid.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
Billion-Dollar Credit.

The billion dollar mark has been
reached for the country's excess Of
exports over imports, according 20 the
estimates Of the Department OF Com
meree from the returns Of customs
districts, through which 90 per cent
OF the foreign trade Of the United
States passes Al the same time the
weeks favorable balance is the small
ss-$9 .049, 565-that has been recorded
since the tide Of international trade
first started 70 turn strongly In the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-06-30
STOCKS
AT MINIMUMS
Cid War Loan Monopolizes the
Neutrality-suspicious. Weak
Discounts Firm.

London, June 29.-The stock market
to-day was generally weak. Stocks de-
clined to the minimums, at which point
nc sales were possible. The old war
loan monopolized attention, and it
again freely changed hands for con-
version purposes.
American securities were inclined to
droop. While several dealings were
recorded in American gold bonds, pre-
sumably for the purpose of investing
in the war loan, these bonds are being
shipped to America in large quantities
and insurance rates on them have been
advanced.
The pronounced weakness Of Ameri-
can exchange made discounts tirmer.
Money loaned at IA per cent. Dis
count rates for short and three months
bills were AZ per cent. The Bank OF
England bought f57, 900 in bar gold and
released $4,000 for miscellaneous &C
counts.
Gold premium at Lisbon was 10.
Paris, June 29.-Prices were firm on
the Bourse to-day. Three per cent
'rentes closed Us centimes lower, at 10
francs 60 centimes. Exchange on Lon
don. 26 francs 95 centimes.