davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
MARKS STILL Low AS
STERLING GOES HIGHER
British Exchange Buoyant,
While German Bills Are
Greatly Depressed.

Sterling and franc exchange advanced
yesterday to new high levels in the
present movement. while mark exchange
remained unchanged Mt the low record
price at which II closed on Monday.
Foreign exchange men believe. how
ever. that exchange on Berlin will drop
lower. In support of his belief. they
point to the fact that banking institu-
tons which sold 10000. 900 German
Government mine months notes here some
time 9 are now dispoeing Of their
mark exchange to turn 1t into dollars
to pay on these notes when they mature
on January I. 1916. This liquidation OF
mark exchange a to a certain extent
been responsible also for the drop in the
rate on Berlin.
Demand sterling closed last night at
A71k. with cables at 4.71fs. This COM
pares with +.69H for demand and 4.7Oss
for cables on Monday. Francs closed at
1.S3la for checks and 5.s2k for cables.
against a previous close Of 5.s7 and SIS
respectively. Italian lire was weak.
dropping from 6.5oi, TO 6.51L, while
rubles advanced from 32E to 32S.
Mark checks were unchanged at 79&.
while cables dropped from 1871 TO
10 7-16. Austrian kronen advanced from
1896 to II.
II was announced yesterday tina the
Vanderbilt committee was selling partic-
ipation certificates 70 the various bank
Ing institutions and firms Throughout
the country that desired to share In the
new British credit Of $50. 10000 0 Banks
In Boston. Philadelphia, Chicago, st.
Louis and other financial centres OF the
country are purchasing the participation
certificates. The largest amount taken
by any II institution Vas $1,000. 900.
None Of the certificates has been taken
by individuals. though several firms have
taken considerable amounts.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
LOST 100000 IN autos.
Isaac W. Cate Attacks American
Locomotive MANAGEMENT.

Isaac VI. Cate of Baltimore announced
yesterday that accountants employed by
him have discovered from the books
of the American Locomotive Company
that the total losses of the automobile
department were more than $1,000. 900,
and that the company has written off
In line with his effort to cause reforms
In the management. and In II he at
tackled the president. Waldo Marshall.
Taking the years 1903. 1904 and 1905,
the depression in which was particularly
felt by the company in the fiscal year
Of 1905. for comparison with the years
1911, 1912 and 1913. which are among
the best years since Marshall became
president" he said. ut will be found
that the aggregate sales for the second
period exceed the aggregate for the
first period by "a per cent. while the
payrolls of the general department have
Increased over ass per cent. and the
payrolls of the general officers increased
so per cent.
Comparing the profits made by the
company under the previous manage
ment with those made under President
Marshall II II shown that they We're
from 100 per cent. to 626 per cent.
greater than those made by President
Marshall"
Mr.. Cate further says there Is no
reason to believe that improvements
will come witt the adventure of making
shrapnel. and he alleges that I'm 1918
the company paid more than $4,000
for entertainment cigars.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
Live stock Market.

TUESDAY,, November ga.
Receipts or herNrs wprr so head n..tr. -.
All OF which We're consigned dlrart o.,
slaughterers, There was no trading ut am,
Importance In live cattle Tho fac'.ul W,.
steady, with expected light rr,riu's t.
Wednesday, market. dressed lr,f p.4
IN moderat" request at lOtY ufltyt for
city dressed native sidc4.
Receipts 81 calves We're 1875 head. .I for
slaughter with the exception of ~ nrgt
No trade TO-DAY In i've calves. Tho ,ar
ing was rated a tribe irm, Dressed ,llNo.
In moderate demand nf ~liu1>lyu for
city dressed Neats, i2d loo. tor touutry
dressed, aud Npllc. for dressed grass,rs
ana fed calves.
Receipts Of sheen aud lambs wcvc L.,o
head, all of which went dircri T.,
sl~nughterers. About . cars. which arrived
late Yesterday were ON sale t~o-Iav. Trade
was quiet at Just about steady prices In.
ferior to prime sheep sold u' 81 .uu s. q
per 100 lbs fal" to prin" Iamus 81 8,
$40. Dressed mutton Slow ut N4,llr per
H., dressed iNmhs at ltI l.r.. win log
dressed selling AZ lai,c.. cuuu'rV dressed
hothousc !ainhs steady at S,..0I $40 pee,
carcass,
Receipts u hogs woro -. head.
an Of which wer" 'uuslgurI direct 10
slaughicrers. 80 frtIc IN live bog. rla
feeling was irlu On Buuaiu and Western
tdN' IS, country dressed hoEs steady ut
sgi.c. per ID: roasting pigs at l2l, q loc,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
SUGAR PRICES FORCED
UP BY WAR CONDITIONS
Still Greater Advance in 1915
Is Predicted by Claus A.
Spreckels.

Sugar trade authorities In comment
ing on the further advance Of IS points
In refined sugar to 6.15 cents a pound.
or about 81 a hundred in the last month.
say the rise Is due 10 the strong sta
tistical position of Y throughout the
world owing to the European war.
Claus a. Spreckeis. president OF the Fed
e1al Sugar Refining Company. In ex-
planning the situation says:
THE fundamentals OF sugar produce
ton and consumption have been ex-
ceedingly strong for months as a re-
suit OF the destruction Of the European
beet fields by the warning armies. Deal
ers throughout the United states, how
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
WESTMINSTER ROAD
FIGHT IN N. H. TRIAL
Was Electric Line Interstate
or Intrastate an Important
Point.
EVANS R. DICK ON STAND

An important phase Of the case against
xhe eleven former New Haven directors
remained in the balance last night after
an entire day of argument In the United
states District Court.
Although representatives Of the Gov
eminent tried in almost every conceive
able way to do so, they were not able to
Introduce their New York. w~estchester
and Boston Railroad evidence and the
indications from q late ruling OF Judge
Hunt were that It will not 20 in at all.
The Westchester-Port Chester evidence
depends for admissibility entirely upon
the question whether that railroad 10 an
Interstate or intrastate railroad. II II
10 intrastate II Is mo- under the jurisdic-
ton of the Federal Government n can
not be urged in prosecuting the present
case. II II was intended to go beyond
the borders OF this State then II may be
admitted.
Not only Charles g. Mellen declared
that he had never heard II was to 60
over the Connecticut line. but late yes
terday afternoon Evans r. Dick. a
banker, who was a member OF q syndi-
cate that sold the original right Of way
to Oakleigh Thorne. who. In turn. sold II
to tho New Haven. declared that no had
never known OF It's being intended for
an interstate line. we intended to
avail ourselves OF the subways and the
L and build up a zone within ten miles
Of the Harlem River" he said.
Ibid you intend TO cross the State
line?" he was asked by counsel for the
defence.
NO" was the answer.
Previous TO that Mr.. Mellen had testi-
Ned that although the Westminster could
not be a paying proposition for a time
vet no foresaw that II would serve &c
relieve he commuters congestion At She
brand Central by feeding into h rapid
transit system Of the city. THIS would
relieve the New Haven OF a vast II.
penSe because Of tho cost of bringing
passengers into the terminal.
"'It cost more than the gross receipts
to bring comsnuterD into tho Grand
Central" ne said.
r. L. Bats aL Frank NJ. Swacker
Special Assistant Attorney-Generals
tried to get into the evidence ancien'
charters OF New York and Connecticut
but failed. When Mr.. Mellen testified
freely BEIGE the Interstate Coninercs
Commission he gave sensational evidenc<
% to mysterious due bills and extrs
costs w0fch the Government representa-
tives would Ike to clear up.
The rus win continue this morning
e 1880 O'Clock.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
ROADS ORDERED TO
DIVORCE LAKE LINES
Commerce Commissions Rul-
ing Affects Seven Large
Eastern Carriers.
COURT APPEAL PROBABLE

WASHINGTON. Nov. so.-Ths Inter
state Commerce Commission denied to-
day the application Of seven large Dast.
ern railroads for permission to con.
tinue the operation Of their lalco steam
chip lines under the Panama Canal act.
The action means that unless the car.
rfers are Able to combat the decision
successfully in the courts they will be
obliged TO divorce themselves from their
large lake connections. The carriers IN.
vestment n water properties totals many
millions Of dollars.
Railroads affected arc che P~ennsylva-
MIA, New York Central. Rutland. Erfe,
Grand Trunk. Lehish Valley and Della
ware. Lackawanna and Western.
The Pennsylvania and its subsidiary
the Northern Central must divorce
themselves from the. Erie and Western
Transportation Company. The Lacka-
wanna, the Iehigh, the New York Gen.
trail and h Eric must give up their
joint interests in the Mutual Transit
Company. The New York Central mus,
separate itself from the Western Trans
port Company the Rutland from the
Rutland Transit Company the Erie from
the Erie Railroad Lake Line tho Grand
Trunk Of Canada from the Canada At
lantic Transit Company and the New
York Central from tho Rutland Transit
Company.
The ruling came in the form OF a re.
fusal to h h Gas Of the railroads
application having been filed for the
Commercial Exchange OF Burlington, Ia.
and other commercial organization
throughout the West and in the Missis-
sippi Valley.
some lawyers believe that the cuttinr
on Of these lake lines will tend to ad.
vance railroad rates between territories
formerly served by the water carriers
The railroads. In anticipation OF the com.
missions final action. had already sole
many OF their lake vessels under favor.
able terms. to be used in ocean trafic.
The commission. In denying the lie.
hish Valleys application to continue tn,
operation of the Mutual Transit Com
pany. did not u upon the Lehigh'.
application for a rehearing In the matte,
OF the Iehigh Valley Transportation
Company. another lake line operated b,
II. h Leh1gh and the Lackawanna arr
practically certain to contest the com
missions order.
The commissions order becomes efec
tive on December 10. which will permi
n lines TO operate until the close o
the present navigation season.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
FINANCIAL NOTES.

II was announced at the office OF tho
Central Trust Company of New York that
more than u majority OF tho outstanding
preferred stock of the lnternationa Mer-
camille Marine Company has been de-
posted under the plan Of the preferred
stock holders committee.
A new stock Exchange firm 20 be known
as Edward II, Swinney Company, with of
fees at 100 broadway. has been formed,
II PROPOSE to do a general commission
business. The Arm Is composed OF Edward
II. Swinney, who Is u member Of the New
York Stock Exchange. ana George Gil
christ.
The regular ~seml.monthly meeting of
American Institute OF Banking. this eve
ning vii. be devoted 20 a discussion OF
The Federal Reserve Banks ana Oui
Gold Reserve" by John u. Rovensky, as
distant cashier of tho National Bank OF
CommeroA
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
RECORD CITY BANK DEPOSITS.
sncrcsse Of s38,OOO.OOO T. aB7a.-
q 1000 since Nov. 10.

INC gross deposits of the National
City Bank yesterday totalled s573.-
900. 900. an increase Of $50, 100000 over
the previous high record. reached on
November lG, when the bank reported
gross deposits Of s537, 900, 900.
The reason for the great Increase In
gross deposits was the payment OF the
80 per cent. instalment called for from
the loo depository banks on the Anglo.
French loan. which was payable at the
city Bank On Monday. The 80 per cent.
lnstalment called for a payment OF about
SI44.00O 900, as compared with S72.000.-
900 paid when "a p payment OF 10 per cent
was called by the loan envoy about
two weeks ago,
The net deposits a the National City
Bank yesterday were S4+s. 600. 900, as
compared with s43s, o00, 900 on Novem-
Der ~,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
BUSINESS TROUBLES.
wEIssMAN BRos.-A petition IN /

raptsy hHe Sssn alei s Ssiisn Wels Sf"ni
goods at 2s6 Columbus sv and SIS sixth
avenue. They made an assignment on
GEORGINA y KIP Of 100 West i2ist
street has filed a petition In Bankruptcy
70 get III OF a deficiency Judgment Of
s:,5s6 hled against her on November -
NATHAN PpARLMAN-A petition In
bankruptcy has been Med against
Nathan Psariman, dealer IN dress goods
a. 1879; Fitth avenue. Liabilities are
$4,000 and assets $500. He made an as
signment on Monday.
DAVID RoSENFELD-.A petition In hank
Rcs-nfcld. dealer IA mems furnishing
goods. at :loG Third avenue. IL made
J6 IS iIi's hF:wiS Ga M0n p%e,iiion IN bank.
ruptcy has been A,ed against Joseph 10
winc' manni,e'urer Of sraid- at iSl
signlnent on Monday, Liabilities are
5000 and assets 81, 600.
KAUFMAN s BAiEE-A petition IN
man & Bayer, dealers In clothing and
a S,5! LiaSiiims; are Jis;SGS; They
RoBEItTo CiCoGNA. salesman, OF ?2s3
First avenue, has niei a petition in
bankruptcy with liabilities Hss2 and no
Bankruptcy schedules.
4 J. Appel. SON y 90. cloak narusac-
tursrs a West Thirtieth street. nave
hled schedules showing liabilities So,
Is7 and assets Sls.5s0.
ISRAEL RvSEN, dealer IN dry goods at
l57 orchard stree. has hlcd schedule
MAN KoBRE'S BANK-Iudgc A y,
Hands order confirming The composl.luu
Of Max kobrc's Bank. at IL Canal street,
r.th creditors wss H;ei yesterday +" ne
company. called the Kob Asses Cor.
poration. has been formed To- takr "ve'
he assets Of he bank tn his gi,y and
lquidatr them for creditors There are
1900 depositors Interested IN this hank.
Receiver Appointed.
MORRIS !. FEINsILBER-Iudgc Hough
has appointed Roy l.. Browning receiver
at 81 Eldridsc street, bond $1,000. on ap.
plication ut Rosenberg, Lewis & Bali, a,
he Request or creditors with claims az
gregating over $4,000. with authority "a
continue business twenty days. Lishil!-
ties are $4,000.
AnriiIary Receiver
DREADNAtGHT TIRE & RUBBER COM.
pANY-Judge Hough has appointed II
Frank OF Baltimore ancillary receiver IN
an equity suit for the assets IN this city
OF the D~readnsueh; Tire and Rubbei
this city are at Is West s,x,y.third
street and arr valued a. SO, 900. consist
Ing OF tires. 5000, and accounts, $4,000
company ~ baltimore on November -
OF application OF he Manhassett Manu-.
tac'uTins GomrhiS, a crehitor for tls.'
ace. Tho Dreadnaugh' Tire and Rubbc'
company is peiaware corporation, with
capital stock Loco coo.
ASSIGNMENTS.
lARkE, DANIELS N FRIEDMAN. INC.
music publisher at iid West Forty.uff
street. has made an assignment to Herr,
=, Moses. The company was incorpo,
r rS5eH s. s.. 800 Sc1co''HviiE ncen, pa PARK w''n I. '9 pPe.i
dent, and the company had a branch II
.,,,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
Consolidated Exchange.

II was the general comment on the
Consolidated stock Exchange at the close
yesterday that the market had displayed
a good ton. throughout the day and that
there seemed to he no pressure upon II.
Mexican Petroleum, after opening At o..
rose to .ih, closing at al. Distillers
in hand. From AN opening price of 4sis
II advanced to +sA. closing at 47N. Amer
lean can, American Beet sugar and cru
chile Steel were other strong industrials.
can opened at sl7s early sold at Glia
beet sugar touched "A high OF "a, after
opening at G9. aud carly selling at Gsi.,
ii closed AT 10ig,
American Locomotive opening ~ ;...
dipping to ia. ana then advancing to ~.
hut h closed AZ III New Haven made
a further recovery from its recent decline,
Its opening price OF ,3A was Its lowest
and Il closed at 7sk. It's highest.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
ELECTIONS AND MEETINGS.

OTTO Is HEREBY GIVEN that the
annual meeting Of IN" tnckho|d"r OF the
J. VI. Robinson, Norton q co, Incorporated
will he held a., tho office OF the company,
No. 20 Leonard street, In the city OF New
York. County Of New York. ana state Of
New York. on the l5th day Of Dee" mbcr.
1915, at eleven o'clock In the forenoon. for
| the purpose OF electing three Directors for
the ensuing year amt two inspectors Of
elections to serve At the neN, annual
meeting. aud for the transaction Of such
other business a. may properly come be.
fore said meeting. Polls Will remain open
from eleven O'Clock IN The forenoon until
twelve o'clock noon. The Transfer Eook.
Will he closed from III" ,hirtleth day of
November, 1915. to tno twenty-g'Sth day
Of December. 1915.
Dated. New YORK. the nrst day az Deem
Der. 1915. cHAS. II. NORTON. secretary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
DIVIDEND DECLARATIONS.
Customs Receipts Yesterday

The total receipts for duties at the
custom House Yesterday were $780,
294S5. Of which s239,I6d,a3 was for
merchandise withdrawn from bonded
warehouses aud S5i0,32T92 for recent
importations, The total receipts for No
vembcr were Sl3,67t.s0s. 90.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
NEW CITY NOTES.
Extra Yale 4 Towne Dividend

The directors of the Yale & Towne
Manufacturing Company declared yes
terday an extra dividend OF > per cent,
payable December 20, To stock Of record
december Is, The regular quarterly
dividend of IA per cent. VAS also de-
clared and h payable January ] 10
stock Of record December %.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
THE PHILADELPHIA MARKET.

PHILADELPHIA. Nov. Sl-Hcavy transac.
tlo"4 ia Cambria Steel, with a decline OF
more than a point from the opening were
a feature of the stock market here. Phaa-
ie,phIa Rapid Transit was IN demand. closing
$. higher. Other shares Were little Chansed
IN uric.-. with the uu lertons ruling steady.
Bonds were quict and firm. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
THE CHICAGO MARKET.

CHICAGO. Nov. 3-Diamond Match again
made a sensational improvement, with trad.
ing very active, Good advances were also
recorded IN sears Roebuck. Union Carbide
and Illinois Brick. Stewart Warner was
active, with prices unchanged. Bond market
active and Arm The
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
Two standard OIL Dividends,

The Standard OH Company Of Ken
tucky has declared an extra dividend Of
u a share, payable January 3. The
regular quarterly dividend Of 50 a share
WAs also declared.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
CORPORATION FOR X. & II. STOCK.

CORPORATION FOR X. & H.. STOCK.
PLEASE TAkE NOTICE thai the Sp"c.a al
meeting uf stockholders called fpr \p-
vemher 2bth. 1913. FOR the purpose cf con-
s!derng II proposed amalglma'ion II ia"
Riker Il HeEeInau Co. o: New York. and
the United Drug company of Nassachu-
setts. mas been adjourned for all purposes
TO December 10Th. 1918, ~ 1890 +. NJ at
Room 3a4. Da Pont Building. Wilmington.
Delaware.
J. ST J. wATTLEY. Secretary.
Dated, New York, November 90, 1915,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
REPUBLIC OF BOLIVIA
EXTERNAL. SIX PER CENT.
STERLING LOAN OF e5OO,OM

Notice Is hereby given that on Juiv
1913, az the Office Of j. l.. Morgan & ca a,
tile prcsencH OF Senior Adolfo Ba!ivi,n "
representative duly designated hv Inc ~
public of Bolivia for the drawing herein ~.
ferrci to-. Mr.. VIM. Pierson IIamIton
meml,rr OF the firm of i. u Morgan A. w.
aud Mr.. Edward ). pegrain, "A notary u,h.'
lie OF the count and state Of New y,.t
pursuant TO Article I of said bonds. A d.
Ing was conducted for the purposes OF s,,t
Article 4. and that bonds OF tiil sN.f.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
WinsIow, Lanier & Go
So D STREET
new YORK

THE FOLLOWING COUPONS ~
DIVIDENDS ARE PAYABLE A. ~
BANKING HOUSE DURING THE M'SFH
OF DECEMBER, 1878.
DECEMBER isT 1918.
American Cotton OIL CO. Pre'e-r.t SO &
Dividend 3oc.
American Cotton OF 90 Common srcts
Dividend Ice.
Plackford County. Indiara- Crnrt Howe"
Cincinnati. Richmond 4 Fl wan. r
Cleveland e. Pitts Ri 70. Regular Gus
anteed stock Dividend gu'-''
Is. e..
Cleveland ~ Pius. Rd ca. sp.r's. 1-a-
auteed Retirement SHs's H!r sHa
'erly Ioc.
Marion County, INDIANA. ~" n"ri-c's
fU -.
Portsmouth. Ohio. sever & St..s: iTT-c'.
mcHt Bonds.
Randolph County, Indiana, SINKING ~"
DECEMBER 3RD. 1918.
Marion County, Indiana, Funding -
DECEMBER l0rH. 1913.
Marion County, Indiana N'fia'i'g
DECEMBER corn. 1913.
Marion County Indiana. RetHr4'tr
Portsmouth, ohio, l.,y'a = FVHl.N'
DECEMBER 3orU, 1919.
Indiana polls, Indiana. EHf4t3'EE &
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01
SE,oND N\fNlE TRN RIOS
COMPANY OF rIIi~Ht Rhh

coupons duo b't'nlpr' '~..
m" First Mortgage liuui~ ~ 'H
company No. 30" pail on "I,i az
'urity On presentation 20 zig
NoSsrs. Brown Hres 4 20, '3 NJ
\'w York
. L. RRAUN. Jlt, Tr", .-
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01

were uIaWh ny lOt LOT payment on JANUARY
list. 1915. pursuant to the terms OF r,ti
bonds. and that The New York Times All
The New York sun, two Sow York uov.'
papers. and Tho London Timee. a I.undn,
newspaper, have been designated hy -
Morgan u Co. as tho newspapers Ina vbi.,
the numbers thus drawn shall be advcrtl.ai
Interest oil the bonds so drawn vii ,o,..
on and after January LIST, 1916. pavm.r,
will be made on or after that date a. u,
Office OF J. y Morgan n Co, In NaW Yor.
or at the office Of Morgan, Grcnfel & a.
In London. on presentation of tail pord.
with oil coupons attached maturing on N.
after January LIST. 1916.
ISMAEf Monies.
Presldcnte de la Rcpublica de Boiiv1a
JULIO IAMORA.
MlnlstrO dc Hari.nf.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-01

The torch was applied to the blast fur
naces at the new Duluth plant of the
Minnesota Steel Company last Monday
night, according to IL despatch from
Duluth. 1t is expected that the open
hearth furnaces will be in operation
within the next ten dayA