davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
FURTHER ADVANCE
IN COTTON MARKET
Prices Make New High Rec
ord> \l,hougll Volume Of
Trading Is Small.


Iihour cotton was on'y moderately
,t,c Yesterday the undcrtone was firm
r 4p,te Of the poor showing Of cables.
.ud arcr ,trl, offerings were absorbed
slight decline the buying by trade
interests 0as reflected in an advance
a ncu hsh levels The absence OF
.po' pressure iu the South even at AN
.d,sn,c ~ more than . cents "A pound
rom the ioW level Ut the season contin-
,,s 10 furnish ono OF the main elements
O, strength English spnners arc taxi
NJ cotton I'M larger quantities and spot
,,,es at liverpool yesterday amounted
70 10000 bales.
I, looks a. u the trade had decided
tim, the advance in cotton would have
min q moderate crcct on the acreage
and the rank and He OF operators still
ioos for heavy reduction in the area
% he planted to cotton. Moreover.
ne war has injected several new fca-
uires into the consumption side OF the
,-gumtnt and while II is not believed
nat the absorption by rpinnerx will
ONE up to normal. the substitution OF
.o,,on for wool and flax and tho tire.
r,srdous amount Of cotton used for
propus,ve ammunition arc expected to
make IN for the falling or In the
uornal use Of cotton.
One OF tho local Arms last week
.,ued circular making calculations
which led IN conclusion that the con-
SUMPTION Of cotton this season might
resch 100000 bales. In spite Of the
',c, that the figures were 80 large as
10 appear almost fantastic. there were
-
.'s,is.icians who admitted that tho fig-
ures Nigh. be reached II the estimates
n, the abnormal use OF cotton 40 the
rault Of the war were not materially
out OF line with the facts.
The second report Of the Watkins Blu
eau. issued yesterday. places the indi-
c.,lors for the seasons acreage at a.
$4,000. decrease Of 1875 per cent.
impaired with an estimate Of 2o.e early
10 March. The report says "Basing
our calculations upon the average yield
= m. past ten wears and with the de-
dlction Of only pcr cent for the de-
creased use OF fertilizers. the Indicated
c-op Is 1i.3lo,o0o halee. This In not an
tstima'e No one can now say whether
ne conditions Of this year will be better
or as good as the best years OF the
rssi, but for conservative reports We
advise our friends 70 base their cslcu-
lstions upon normal or average and not
'rnormal conditions
Advces from Alexandria regarding the
'i,look for the Egyptian crop say: Re
sr'ing again 10 what We wrote last
eek ahou, the prospective acreage We
t1ders,and from one Of our friends, who
.ir position 10 be we'll informed. that
'Nt mathematical result OF the enforce
ron, of the law regarding the pianting
q cotton will be an acreage of about
$4,000 feddsns. against 1,1o5.270 last
year on the other hand. we learn from
re interior that the law in question is
l.irg enforced with all due rigor, 10
'-,' few people, II any. will be able 10
u1de the law and plant more land than
n. sne-third OF the total area held
=, hem
southern spot markets were very
Htady and prices AT Galveston and
hegston both advanced 10 cents for the
tsis OF middlings on saturday.
Futures closed steady.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20

land, France and Italy. Much interest
was taken in the cables telling Of the
appointment or Government agent nj
Nicolaten to purchase wheat for the In
terror OF Russia, where en- actual scar
city prevails II was also learned that
France intends to purchase n reserve
supply Of wheat this year which an
nouncemcnt was no great surprise to
the trade. az the risk In buying from
hand to mouth of lifes necessities in
these unusual times abroad Is well real
ized
Aside from the influence of the for
cign situation the domestic crop outlook
created quite IA little buying and notice
ably served to hold the hears IN check
There was no rain reported in the Eastern
winter wheat districts since the close
or last week and the Northern spring
wheat territory IL also cumpla lining Of
deficient moisture. with the official
prediction for a continuance ". the clear
conditions. the apprehension spread
This feeling OF uneasincss was aug
mented by the recurrence of insect com
plants from Missouri and accompany
ing claims that the reports OF this
Kind Will soon come from a much wider
area. Crop experts In the extreme
southwest And wonderful crop prospects
,ba ,r.l - t.,,.
"eie 'n.i'"e" 'o u"e' on INNS
T. " Wy s'lu"tlV''
.,, ls'",s supply statement showed
.. no 90 SS'sou'ooo bushels, against
oo,oo o 'ne preceding week ana ~
ooV,"oo year ago me decrease was
srea'e, han looked Tor. Clearances
yes'eruay OF LOCO 600 bushels brought
the total from the United States 20
uate close 10 2so'ooO,o0O bushels.
orh-Excited buying OF corn was
Witnessed Tor time and the market
responded readily. The seven cent rise
withln week induced many holders to
accept prohts. however. despite the
claims that the shorts In the Chicago
May delivery were likely to find them
selves unpleasantly situated because of
the recent Neavy purchases for prom
inent western elevator concerns.
Further export trades were made with
confirmation OF close to zoo. 900 bushels
and rumcrs OF additional purchases Of
options for foreign account. The weather
in the Argentine shows impro, cm.rr nut
II is understood that much corn has
been damaged and placed out Of condi-
ton for early movement
Considerable fresh speculative demand
was mixed with the short covering Of
the early part of the session. Rullish
sentiment concerning wheat ana the IN
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
HANNAF0RD IS OPTIMISTIC.
Northern pacinc Head See. Bctter
Business Ahead

Ju'e W Harraford. presiden, ~ the
Northern Pacific Railway. spoke opti-
unsteady yesterday Of business condt-
lions In tho Northwest. Mr.. Hannaford
II convinced that the volume of railroad
traffic IN the Northwest has struck bot -
tom and that any change will he for
the better.
Business on the Northern Pacific
IN March and this month has shown i'm
pr"v"men's over February" said Nj
Hh'lhaiord. Il do not expect any do
cidcd change IN traffic conditions IN the
near future, hut there should be come
Improvement
Mr.. Hannaford said that all the grain
In the Northern Pacific territory has
been put In the ground and that plant
!ng was done under very favor4 bic CON
fitous. with substantial increase In
acreage over last year The lumber bus -
ness Is showing $ gns OF activity over
last year
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
THE COFFEE MARKET.

The coffee futures market closed
quiet and steady. with prices point OF
10 unchanged to points up Total
transactions were 1880 bags. a large
part of which were May switches The
difference between May and December
was widened point To 100 points.
July was III points over May. There
was nothing In the cables TO stimulate
demand. the cost and freight market
being narrow with no noteworthy change
in prices. Quotations in the local spot
market were practically unchanged.
Rio is We're quoted al ~, n rs cents.
and Santos As 97s n lot, cents.
Brazilian markets were steady. Rio
No. WAS advanced 80 refs TO $500.
santos No. 4 was unchanged at $500.
Rio and Santos receipts totalled $4,000
bags. Sac Paulo had 5000 and jun
diahy 10000.
Prices were:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
DENIAL BY CORN PRODUCTS CO
No settlement Of Go,crnment's
suit, Says D.. r. Bedford.

Reports that the Corn Products Rein
ing Company and the Government had
.Srecl on "A settlement OF the Govern
ments dissolution suit We're denied YES
terdty by T.. T Bedford. pres dent ~ the
company.
There has not been any settle
neui or suggestion % settlement
or the present SUIT on the part OF the
Government or This COMPANY said Mr.
Bedford After the bill was fled the
company sold It's interest IN shc Pencil,
& Ford Company, La. As this company
1Hd been a rarity TO tho bill the Gov
eminent has now agreed with II TO tho
consent decree. In other words the
Government has officially recognized tho
separation. which has heon - fact for
NOR" than a wear
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
THE SUGAR MARKET.

The spot price for raw sugar was
lowered to i.S3 cents yesterday, when
$1,000 bags Of tuhds were engaged AT
the island for shipment TO New Orleans
81 price equivalent 10 that figure
There we're some offerings here AT I 50
cents. but rehners were not Interested
as they were more inclined 10 await the
Cuban crop report Refined sugar was
unchanged at 500 cents. There was a
good demand for Withdrawals on con-
tracts
The sugar futures market at the COT
foe Exchange was quiet and steady
Total sales, 3, 200 tons.
Primes Mere.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20

\ stricken conscience NJ Cambridge.
Mass, sent to Collector Malone yester-
twelve 81 bills and this note: "t'or duty
on articles forgotten in declaration" u
was said ~ the Custom House that the
writer was the most supersensitive per
son In the record Of conscience fursi lat
tors,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
VOGEL TO GREET VISITORS.
Assistant Treasurer WIN Welcome
Delegates From south AmrrIcn.

Martin Nog"i, Assistant Treasurer OF
the United States. hHs been appointed -
representative Of the Government to
meet Samuel Hale Pearson and Richard
Z. Ndao. delegates 10 the Pan Amcr.-
can Financial Conference, on their ar
rival here, Mr.. Pearson ~ q director Of
the National Bank Of the Argentine Re
public and Nj Aldao IS tho former
Minister of Finance Of Argentina
The two visitors arc TO he guestc Of
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
NOTICE To HOLDERS or
California Northwestern Railway Company

tgnata Steinhart, Trustee under the mort
gage or Decd ~ Trust ~ the California
Northwestern halfway company, dated
March I'm, ls's, IN accordance with 'hc
'rms and provisions ~ articles ~ SAID Decd
NJ Trust hereby invite, proposal for the
sal" - him "u MAY LIST. 1913, at E., Office.
Su''"r ami Siusomo street., In tho IitN
20 san Francisco, of bonds secured hN sod
Deed ~ Trust ~ q rate not exec rdiuE par
''i Ten per centrum premium. TO such
win N" premium, a. shah mot
'Nr,cd salll A.
Bv lGNATz sTElNHART. Trustee
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
LONDON STOCK MARKET.
\ american Department the Feature,
with StecIs Fairly Buoyapt,

I.oNn"N. April 10 The American Dc
pdrtment was the feature to-day, with
United states steel fairly huoysnt.
Prices were strong and above tho July
closing. Trading was brisk Canadian
Pacific improved.
cat edged securities were Arm Home
rails had cheerful tone Mines and
oils were IN demand Brazillaus and
Russians were bought
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20

The Union Trust Company of New York has two we'll
equipped Branches for its uptown busnessthe 8h Street
Branch in the heart of the busy Fifth Avenue shopping
district and the Plaza Branch at Fifth Avenue and Goth
Street, Just opposite the entrance to Central Park
The facilities Of all the Offices Of the Company are
offered to depostos of either Branch of the Main Office
at so Broadway
The Union Trust Safe Deposit Company, entirely
by the Union Trust Company conducts modern safe
deposit vaults at both Branches.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
THE CHICAGO MARKET.

CHICAGO. April Ia--Frices were more
irregular. with the trend reactlonary 1t
the close stewart Warner aud chicago
Pneumatic Tool showed fair game. while
fractional losses we're recorded elsewhere.
Bond department quiet. with Common
wealth Fliison ~ little trmer. while
city Railway - showed an easier tone.
pra ..tV,tn4rN
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
Custom. Receipts, sniI,O0I.

Tho total receipts for duties AZ tho
Custom House Yesterday were s5ls,-
oalI6, Of which sl50,730.S1 was for
merchandise withdrawn from bonded
warehouses; and s363.360aJ for recent
importatiOnS,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
THE PITTSBURG MARKET.

P.rTsBrRG. April la-Further heavy
trading occurred IN Crucible steel COM
mon. which closed about unchanged from
SATURDAY. after selling M to 20 The
general market was active and fairy
steady. Tie summary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
THE PHILADELPHIA MARKET.

PHILADELPHIA. April i?.-Thc local
market was generally steady. In spite OF
some reaction In prices from the early
high points. Lake superior opened over
three points up at 10 and closed at y.
Electric Storage also closed higher. the
suuuu~y.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
UNITED STATES Steel CORPORATION
To Holders of Ten-Sixty Year Five Per Cent.
Sinking Fund Gold Bonds, issued indie secured
by Indenture dated April l, 1908:

IN of Of
If My otbyhe ergned
Sinking I,I9Iso
nkinpF undtow
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
RAILROAD EARNINGS.
canadian Northern

Canadian Northern;
1915 Changes
second week Arr s3Ig, iNn Dec. s9G non
FROM July l.,.,. lio79,600 Dec. ttbc 500
Chesapeake and Ohio:
Second week Apr f17S,27k Inc. sh7so7
From July l..--, 80, ljs,ii7 Inc. 7i3.O3S
Chicago. Indianapolis and Louisville;
Second week Apr. fl.6,3+g Inc. sl7ss
From July l..... h,l39,thS Dec, $4,000
Missouri Pacific:
Second week Apr ~ nas, mn Inc $4,000
From July l..... tG,fi2,OTo Dec itS0.7lS
Missouri, Kansas and Texas:
First week April. taS7,265 Inc, sT2sia
From July l..... "fTl0,l7e Inc ts.,6h1
ST Louis Southw eFtern:
second week APR. flSi,0On Dec. t2i 600
From July l..... sb0H aii Dec ! rsO. i9S
TEXAS and Pacific:
Second week Apr. S2I423S Dec sablO
From July l-,,,, 1AJi3,sif Dec, sb3.6Sl
Western Maryland'
Second week Apr, eI6s,Jbi Inc, ls.cTs
From July i..,., sbJ2,N3S Inc 1881
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20

tltvcn A NJ. bids to Liverpool were
Nay, l0l7c: July. lo.4lc.: october.
p'sc.; January. l0.9sc. The market
mere is due to open to-day to -:
Non's advance.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
DAILY TREASURY STATEMENT.

WASHINGTON April u Tho statement
OF the receipts and pay warrants Of the
Treasury shows
April q, Thus mo Fiscal year
R'cci pts ..... S.N,a.tii 50. 20 i'a tl94 0s1 o'"
Pay warrants AZ, AZ 20 ~ Y36 ~ S'',Fal
Deficit .... f.h' $40 SNo7l ~ s7asl" 80
The receipts from customs Aprl Il were
81 no,.i 80. from internal revenue. ord nary.
tiflI7a7; corporation tax, 81 ,o5T, ard mis,Tl
laneOus. sl6g;5l.
National bank notes received for rcdcmp
tlOn. STiS.ll3
Tho cash statement Of the United State
Treasurer for April n shows
GENERAL. FIND
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20

the Chamber rl tnnrmo.." fH. Mo-
chants Association tuI lh. }'. ..."s A.
ISOLATION during their STAY N"r" pr"vI.
Gus n the conference, '. unru
on MAY e IN Narhmc'un.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
stockholder Protests.

Judge Gary hardly agreed with the
suggestion offered by one OF the stock
holders to the erect that the action
OF the company IN passing the COM
mon dividend but maintaining the same
scale ~ wages was unvise. This stock
holder. i. V. A. Brandt, said:
II have been pretty hard hit by LOSE
of the common dividend. but do i1t
think the idea Of tho company "a stC-
rihcing the stockholders rather thau
the employees vas wise. do be
lieve. however. that IN the futuic the
common holders had better he protected
Toward this end I would suggest that III
years OF prosperity II would be we'll "a
set up a sort of reserve for the COM
mon stock rather than putin tho
whole amount OF nrohts into surplus"
judge Gary. replying 20 Mr.. Brandt
said
Assuming We had earnings Of $3.50
100000 for a certain year, preferreI
dividends. replacemcnts and sinking
fund would require $4,000 900 or $50
600. 900. leaving about s65 600 out o;
the Si5O.000 900. These expenditures FOR
replacements do not inclade Inounts
spent FOR new property. Moreover. the
corporation has had to make large ex-
pendltures FOR the manufacture OF open
hearth steel.
The corporation has also embarke ed
In the manufacture Of by-product coke
and expects to save some valuable by.
products In this way which will he sold
10 those who are manufacturing war ma
terial.
In the past the cost NJ these very
great expenditures has been largely met
out OF earnings. although II Nigh,
properly have gone into capital accouu'
The surplus, therefore. OF the corpora.
tion is In property. rot ia cash. II IL
therefore not available for dividends on
the common stock.
Your suggestion has not been sowT,
on barren soil. Heretofore we had hoped
- act along the lines OF your suggestion
We are not yet satisfied but what ",
may have to cut wage, but We hope We
will not be forced to-
Judge Gary WA asked by a stock
holder as to whether . was true that the
Bethlehem Steel Corporation was cutting
the ground out from under the United
states steel Corporation lie replied
We are saying nothing, but saving
wood, Every one who gets our business
away from US is entitled To II. as We
treat our competitors fairly without re-
sort to trickery."
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
THE BALTIMORE MARKET.

BAlrInonE, Anrn lH-Tu'tcd Rail
WAYS declined - IN tho late trading
Elsewhere tho market showed hut little
DlAnnur r.n sllnlmArA
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20

EN0I VOTTON at NV 1UTk Was hled'IN'
TOO points advance. Middling. l0.ijc.
NoIlhern spot markets were higher, .
'"Uts 70 ,c. advance, with New Or
cons Sc. Galveston l0.05c, Savannah
,., Houston Toe, Augusta $500. and
Memphis 92sc.
The NeV Orleans market closed
yrady Prices were
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20

mus Tar his season, S.aia.06S bales,
INST >o3j 30, bales last year,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
Metropolitan Trust Company OF
the City OF New York,

Successor to ATLANTIC TRUST 90 Trustee
Hy BEVERLY CHEW, Vice President
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
Is market closed
Omen. Hilh.Inw. Clos. Pre-

I4t LIVERPOOL market opened thsy
'"'re was a good demand business In
pot cotton, with middling points de-
u' al 5.,jd Sales, 10000 bales ; re-
p's 1900 bales. all American.
I'rices at Liverpool closed quiet.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20

70 redeem outstandn g cert tca'cs 81 tSs 2le Nh
,rand tot nj cash asse's IN Treasury aSl el-,"ls
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-04-20
J. P. MORGAN & co.
Sinking Fund Trustee

On March I, 1918, Coupon Bonds Of previous
numbers were still unredeemcd
The Oskaloosa herald., 1915-03-25
RICHES FOR BLIND COUPLE
Husband lnherits Half Million by
Death Of Brother, a Florida
Orange Grower.

Wilmington. N. C.-"Blind' Johnson
and his blind wife, having lived for
years in comparative poverty in
New Bern IN. c. hut, have come into
wealth estimated at more than FIVE
hundred thousand dollars by reason OF
Johnson's brothers death on the east
coast of Florida, near St Augustine.
Long separated from each other, the
brothers did not know OF each others
whereabouts, having parted at the lit
tie central Carolina home years ago.
George went to Florida and started
In the orange growing business and
grew rich, while John met with an ac-
cident and lost his eyesight. He sold
newspapers in New Bern for years.
While there he met and loved blind
woman and they married. Though
they have managed barely TO exist for
ten years or more. they will now live
in luxury on the Florida orange plan
tation.
The Oskaloosa herald., 1915-03-25
DUTCH SHIPS SEIZED
GERMAN SUBMARINE CAPTURES
r....- TWO STEAMERS.
Another Vessel Attacked by Teuton
Aviator in the North
- Sea.

The Hague. March 23.-Excitement
ran high here as a result of dispatches
from Rotterdam and Ymuiden telling
OF the seizure of the Dutch ships Ba-
tavier V and Zaanstroom by the Ger
man submarine UPS and an attack
upon the Dutch steamer Zevenbergen
in the North sea by German aero
plane.
The minister of marine conferred
during the forenoon with the premier
and foreign minister and it is under
stood that strong protest was trans
United to Berlin.
According to the master Of the
ZeRenbergen two British ships were
also attacked by German aeroplane,
but the Taube fed upon being fired
at. This is the story Of the aerial
attack as related by the captain of
the Zevenhergen at Ymuiden:
I'VE we're about eight miles west Of
the North Under lightship al 1870
yesterday morning when a German
aeEoplane appeared, flying about 400
yards in the air. She dropped two
bombs which exploded about seven
yards from our bow. At the time we
were flying the Dutch flag. The aero
plane made off toward the coast OF
Holland, but in little while it reap
peared and dropped bombs in the di-
rection of two British ships. but we
could not see their effect. The Brit
ish ships fired, whereupon the Taube
took fight, soaring over our ship to-
ward the Dutch coast. where is disap-
pearcd."
The Batavier V was on her way TO
London with cargo of eggs. There
were about fifty persons on board,
among them IA Belgians of military
age and two priests They were ar
rested and taken to Bruges. Two
American citizens on the Batavier V
were not molested.
The commander Of the UPS ex-
planned that the seizures were made
because the ships we're carrying food
supplies to England
The Oskaloosa herald., 1915-03-25
COMMAND HAD TO GO HUNGRY
German Shell Lit In Royal Sccts'
Kitchen and Spilled the Soup
All over Them.

Paris-An amusing story is told Of
an adventure which befell the Royal
Scots at the front. On one occasion
they had had very little food for two
days, and they were anxiously await
ing a new field kitchen, which was so
large that four horses were required
to pull it, The kitchen arrived after
great delay, with three pots boiling
and the soldiers" meal ready. In
eager anticipation the men had gath
cred round for their dinner, when a
German shell landed in the middle Of
the kitchen, which was blown to frag-
ments. For 30 yards round the men
we're smothered with the dinner which
they had hoped, to consume. Singu.
larly enough not a man was killed,
but the regiment had to go hungry
and greasy.
The Oskaloosa herald., 1915-03-25
WILSON TO GO SLOW
UNDECIDED ON FORM OF PRO-
TEST AGAINST BLOCKADE.
Washington Officials Believe This
Government lie Not in a Position
~. to Complain to Allies.

Washington, March 23-Havlng de-
cided to go slow" in the matter of a
protest against the plan Of Great Brit
ain and France to keep foodstuffs
from Germany, President Wilson
abandoned temporarily, at least, his
seclusion policy and will give more
time this week to domestic matters.
He will continue to receive official
callers only, but he has made several
engagements for the week which will
take his thoughts from the inteTna-
tional problems to which he de-
termined to devote himself exclusively
after congress adjourned.
1t became more evident in admin
istration circles that the United States
is loath to fling at the allies the
gauntle. OF a protest against the
blockade" officials practically have
reached the conclusion that this gov
eminent is not in a position to com
plain and the administration would he
unwise to insist upon Great Britain
and France combining their operations
within a small radius
Supports of this view assert It IS
the only course to pursue if the Unit
ed States would not have its attitude
in the present case rise up to plague
1t in the future. 1t also has been
suggested that a serious issue might
be raised for this nation should 1t take
strong stand that the blockade is
Illegal and then be compelled to back
it up when American ships shall have
been seized
The belief now prevails among navy
officers that despite the vague state
ment Of England as to the extent OF
operations under the order-in.Council.
the actual work of the. feet will be
confined to the English channel. North
sea and adjacent waters. This. they
say. would not exceed the thousand
mile radius limit proposed by the Unit.
ed States at the London naval confef-
ence in 1909.