davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
EXCHANGE ON LONDON
TOUCHES LOW RECORD
Demand Sells at 4.92 for First
Time Since 1907-Prac-
tically No Buying.

Sterling exchange dropped Yesterday
TO n new low record FOR the present
movement, reaching 4.S2, the record low
figure AT which II sold during the Sec
ond week of November. 1907, when the
panic OF that year was at its height.
The drop was a full 81 cent in the
pound lower than demand sterling sold
on last Thursday. At the close OF the
market II Is probable that had any
brokers been willing to sell at lov er
figure, they might have done 80, for
bids were made for demand sterling at
4S1 1915 Gables sold down to
4S2 $40.
The rest of the exchange market was
weak, marks alone maintaining steady
tone. However exchange on Berlin is al
ready selling at record low prices and
trading in marks Is considerably re-
strlcted. Francs were weak at 5.21 for
checks and j.20A for cables. Marks sold
AZ s5S, for checks and So 7-16 for ca
bles.
The break In demand sterling was due
20 lack OF buying while every one
wanted to sell The situation was a
direct reversal of last summer. Con-
siderable exchange also accumulated
over the holiday, and hes des exchange
81 making every day in greater guam
titles than 1t Is at present possible to
use II. The heavy exports OF cotton
together with the abnormal exports of
foodstuff. military suppl es, clothing live
stock. &c. all at high prices. has slowly
hut steadily swung exchange in our
favor. and tho situation now stands
so that in peaceful times We woui1
doubtless be importing gold from Eng
land In enormous quantities
Yesterdays decline once more gave
rise to rumors of future imports Of gold
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
MONEY AND EXCHANGE.

Tho New York Federal Reserve BanI,
rates were 4 per cent. for short and
Az per cent. for long bills.
Open market discounts. prime accept
ances maturing up 10 ninety days. ga
Gc7s per cent.
Commercial paper rates we're 81 q 1
per cent for sixty and ninety days bills
ana for four 10 six months best names
~ a per cent, for others.
Time money was very dull and
unchanged, Rates were 2ls@2% per
rent, for sixty and ninety days and for
four months, ShD3h per cent. for
longer naturities.
Call money on the Moor OF the Stock
Exchange last week ranged between
! X and 215 per cent.
Domestic exchange on New York st
Louis par; san Francisco, 500 pre-.
MUM Minneapolis, i5c premium Chi.
cago, par Cincinnati, l0c. discount
Montreal. SIS premium
Call money in London was | Lei
| cent. short bills, rs per cent three
months bills, / u per cent,
Sterling exchange declined last week
the range for demand being 4.s3Ss higr
and 4.S2ii low on Saturday. Fina'
quotations were; Demand, tS2L
cables, 4S2ls
Bar silver N London, % li-l6d n
New York, is9ac
New York Clearing House statement
Exchanges, $322, 7S1,i10 balances, sll,,
772,5s7; Sub-Treasury credit balance
s4si,s7A
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
WAR STIMULATES
AUTO TOURING
Many, Who Would Otherwise
BE Abroad, Seeing Amer
lea First.
ACTIVITY IN MANY LINES

The automobile business according 70
advices received from business men
throughout the country continues to
show signs of expansion, and orders for
the coming season bid fair to be- In cx-
cess of those OF last year The tourist
business IN also on the gain because. on
account OF the war. many Americans
who would otherwise go abroad are now
seeing America first
Extracts from some of the advices re-
ceived are a. follows
A. u. Patterson manager OF tho sales
department of the Buick Motor Com
pany at Flint, Mich, is authority for the
statement that there Is every Indication
Mt this time that the Buick Company will
be unable to supply the demand for 1915
cars. The enormous demand for Buick
cars. he says, can only exist in oonnec-
ton with improved business in other
lines.
From several places in me far West
come reports OF the construction of largo
automobile garages to accommodate tho
great volume OF tourists trade expected
this summer.
John A. Stillwell, president Of the
Electric Wheel Company OF Quincy. Ill,
says that business for February In fully
I'D 20 last year and prospects are bright"
and Commerce Association calls Rtten-
ton to the fact that bank clesrings in
that city showed material Increase
over December. 1914. clearinRs. as did
also bank deposits He feels that there
is further proof or the return OF normal
business conditions. evidence OF which
is found In the fact that manufacturing
establishments which have been running
on short time for several months are
taking on additional workers and are
now running at full capacity.
W. ]. Frost of Kenosha. wis. pres
ident of tho Frost Manufacturing Com
pany, writes thrt while the improve
ment Is necessarily slow II Ia an i'm
provement and we are feeling very
much encouraged"
jeremiah Dwyer, president OF tho
Michigan Stove Company. writes that
orders received 20 date indicate that
stocks in the hands of dealers are quite
light and that there seems 20 he an i'm
proved disposition on the part Of mer-
chants to buy at least for immediate
requirements"
H. S. Kealhofer, traffic manager OF
! the Jacksonville Board OF Trade, writes
10 a New York business correspondent
that there has been a large Influx OF
tourists and also home seekers TO Flor
| ida" He says that all hotels in Jack
eonVllle are practically run TOT the HIs'
time during this season"
T p Rastian. president OF Bastiar
Bros. Company. manufacturers Of ad
vertlsing novelties nj Rochester, y. Y.
says that his plant Is manufacturing q
number OF articles previously made II
Europe we had supposed" says ne
until we actually tried II out tina
these articles could not be made II
competition with European labor. w
are glad to say our opinion was wrong.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
THE COPPER MARKET.

There were indications toward tho
close OF the week that copper would
shortly come into It's own again, for
export demand crept up over the volume
in sight during the preceding week or
two and home inquiry also showed some
signs OF interest. Sales were made I'D
to IAN cents during the week. with evil
dences yesterday that the cheaper metal
had practically disappeared from view.
The Calumet and Hecla Mining Com
pany succeeded In disposing of some lake
copper at 1874 cents a pound, the highest
price reached.
One favorable factor that developed
during the day was the announcement
that details as 10 the outward movement
of copper would be forthcoming from
day 10 day, as the original order OF the
United States Treasury Department
holding UP all data for month was
cancelled.
The weeks clearances were reported
at but S25 tons, one OF the smallest
on record. making the total for Feb
ruary to date 3,S10 tons.
Lead and spelter both enjoyed good
business during the week at stronger
prices. Spelter sold up to SIa cents st.
Louis for nearby. while lead fetched n
premium by selling at 3s5 cents a
pound.
Not pound of lead cleared through
this port last week and only 225 tons
have left port since the first or the
month. Some OF the smelters are ship
ping through Southern ports for the
totals from the country are heavy.
Russia has been one OF the big factors
In the metal markets. with renewed in.
qulrles for copper. lead and spelter,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14

There was a rather sharp break to
spot raw sugar to 46i cents during the
past week. after the quotation had oeen
advanced TO SOC cents the highest point
touched on the recent upward move
meut The decline was due To uneasness
caused on the part OF folders by the
violent break in sugar futures prices
The freight situation was considerably
easier about thirty-two vessels having
been chartered at % cents a hundred
pounds. whereas 81 cents was being
asked at the beginning Of the week. The
cuban cable was bullish. showing a fall
ing off in receipts.
Refners were good purchasers on the
decline, having taken in the neighbor-
hood OF 900. 900 bags. Following these
heavy takingS however. offerings at as
cents. cost and freight we're ignored.
The refined market was not affected
by the decline in raws 30 far az the
quotations we're concerned, which wero
maintained at b% and cents. II ID
believed they will hold for a while AZ
least, IA refiners paid near the top price
for their supplies and could hardly real
ize profits II they should lower their
quotations before tho high priced stockr
were worked off.
The sugar futures market was active
md erratic during the week. Prices
iluctuated violently under active specu-
lntive operations. There was heavy real
ling on previous purchases for the &C.
count OF large interests and sentiment
was materially affected by the easing
freight situation. There has been heavy
huylng from day 20 day since the
scarcity OF freights developed, and thi;
had put the market in heavily over
bought and technically weak position.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
THE STEEL MARKET.

The past week was quiet one for the
steel trade with conditions practically
unchanged. The chief development OF
interest was the untitled tonnage state
ment Of the Steel Corporation, showing
an increase OF 100000 tons IN untitled
orders. This was about twice az large
as various estimates. as the consensus
was that an Increase of about 200, 900
tons would be shown. The Unexpectedly
large increase was not attributed to a
material increase In Incoming orders, IA
they showed little change from the pre-
ceding month. according to officials of the
corporation. The January and Deem
Der increases in untitled tonnage re-
suited largely from "A low rate OF oper-
ations, and II 10 understood that the
average for two months did not exceed
35 per cent.
Since the first OF the month incoming
orders for steel products have shown no
material change The average operating
rate of mills II about SO per cent. Pitts
burg plants are producing AT 80 per
cont OF capacity and incoming orders
indicate that a further small increase
will be allowed. Tin plate conditions
continued strong, with some mills rum
ming at 90 per cent.
Business IN general Is not showing
marked change. but producers are not
pessimistic and express satisfaction over
the fact that while the increase In buy
ing ~ slow II Is steady II IL also pointed
out that in December. 1913, and June
1914, Improvement In demand set in. but
lost ground after two months of dura'
ton The present betterment in condi'
tons, however. hove into sight In No
vember. and II still progressing, though
slowly.
Demand for wire and wire product,
from abroad Is reported heavy, and re
cent predictions OF impending higher
prices were fulfilled within the week
4 The American steel and Wire Company
/ announced an upward movement OF s.
! a ton 10 S14O per 100 pounds on plaiI
wire and TO $3.50 per 100 pounds on wire
nails for second quarter delivery. II
bars, plates and shapes the price stu
alton IL somewhat irregular Most com
panies continue to quote sl.15 on Marcl
/ and SI.20 on second quarter business
but II was reported that In some in
stances plates and shapes were beinj
sold at concessions,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
URGES SS,SOO,OOO
CUT IN PHONE RATES
Eypcrt' Says New York Com.
pany Could Do II and still
Earn g Per Cent.
PUTS VALUE S66.8217OG

Andrew SanGster. expert accountant.
told tho legislative committee which is
investigating charges thar the New Work
Te.cnrore Comrauys rates are cNc's-
eve. chat the company could reduce its
charges 100 the metropolitan district by
s. 500 600 year and still make per
cont on It's investment He added that
rirh a decrease would not necessitate
a. increase of the cost Of service At up
state points
Nj Sirrs'cr was the only witness at
tNe hearing Yesterday morning. which
wa held IN the rooms Of the New York
County Lawyers Association. los Broad
way
il. Swayze counsel for the company.
insisted that Mr. Sangster had under.
valued the amount OF capital investment
@, the company by $4,000, 900. but Mr.
sangs,er said he had obtained his figures
from the companys own books.
Mr.. sangstor put into evidence table
OF figures showing that the value OF the
conlpanys plant and equipment ms OF
October 81. 1914, was S66.S277Os and
-, ..,..,,,,, ,,- tho i,s, o,,o,,t.-
'n'' TITO
year was ''.''l'"I''Z.
Eight per '."' on a 'apital lnNestmen,
OF 't'0"o"oo, said Mr. S'nI"tor. would
give the company a. net return OF So,2OO'-
Ooo a year. or Sil?h9N3 less than was
earned last wear. seven per cent would
return the company $ij5o,o00, diff
teIrt.c Of 81 Nif,9N3.
AZ ha fnp
The exchange revenues only. said Mr..
Ss~rs'cr. 80 max" an per cent return
tln reduction would amount to III per
cent
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
THE COAL MARKET.

The extremely fiat conditions In the
anthracite trade are reelected In tho
official statement OF January shipments,
which show the smallest movement for
that month In years" says the Coal 4 90
IN it's current issue, I'm spite OF the
constantly recurring cold snaps buying
tx rot stimulated and the outlook for
The current month is even moro dis
,ouraging. Win the exception ~ n
fairly persistent call for some of the
.rnaa,iu, s;,u.n sizes there Is p7c ,tlcaNy
no demand I'M any direction, Prices are
naturally under a heavy pressure and
the April circular Is being quoted on
the domestic gradeA"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
SEE START OF BIG
DISCOUNT BUSINESS
Bankers Only Disappointed
Reserve Board Ruling Is
Not Wider.
LOCAL BANK TO ACT

New York bankers expect a marked
development Of discount market in
this country as the result OF the publica-
ton yesterday OF the regulations OF the
Federal Reserve Board governing the
open market operations of the reserve
banks in this new class OF banking bust
ness. These regulations, together with
those issued last month regarding the
character Of commercial paper eligible
for rediscount. are considered by bank
ers as two OF the most important rul-
ings with regard to the business OF the
country the reserve board has made.
The regulations were regarded as
moderately liberal Considerable disap-
pointment was expresred. however. in
the omission OF all mention Of the adj
visibility Of extending the provisions Of
Tho reserve act to include acceptance
business arising out OF domestic trade
as we'll rs out Of import and export
trade as now limited.
Tho chief point made by bankers was
that in order to develop a real discount
market a much greater volume OF sc-
ceptances must be brought into exist
ence. The present acceptance business
arising out Of foreign trade ia too limited
and the amount OF acceptances now in
existence too small to promote a die
count market OF good proportions. Bank
ers who buy acceptances do not trade in
them by reselling. but put them away
for investment discount operations.
therefore being confined TO tho first pur-
chase.
1t had been hoped that the Federal
Reserve Board would take the oppor-
tunity to 20 on record as urging an
amendment to the law TO permit ac-
ceptances by national banks on domestic
trade.
The Reserve Bank of New York, Il
IL understood, will Immediately enter
the market and purchase acceptances
Tor Investment In this the local bnnk
viii take the lead among the reserve
banks for the reason that the business
Of accepting has been largely confined
to New York. The creditor reserve
banks, however especially those in Bos-
ton. Philadelphia, Cleveland and Chi
cago. are expected TO enter the accept
ance field for investment.
one of the most interesting ques-
tons that arose in Wall Street was how
FAR the regulations permitted inc pur-
chase Of Russian Government accept
ances by the reserve banks. II was
thought that questions of neutrality
might Influence some direct prohibition
of this. The rules contained nothing
of this direct nature. though there were
differences OF opinion as TO how far
the Russian bills might be purchased
under the regulations.
The Russian acceptances, which Will
amount to $4,000, 900 when all issued
form the biggest block OF paper or this
Kind In the American market TIL Rus
sian Minister AT Washington draws the
bills on purchases Wy Russia Of mer
cha ndise in this country on J. =. Morgan
4 Co. which accepts them.
II is generally believed that the Rus
sian acccptances, which are producing a
very attractive revenue 70 the bankers
holding them. will not he offered very
widely to others, and therefore there vii
! be little occasion for any Offering to TIT
reserve bank.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
WE'D AFTER so YEARS.
Romance of Half Century Ago
Ends In Marriage.

VANCoUvTR. Wash, Feb is-W. l..
Powers, 70, a wealthy man OF Tllla-
nook, ore. and Mrs. Sarah Smith, 60,
nave been married here and will make
their home at Cherry Grove, Ore.
In Iowa half a century ago a coun-
try party was held at the home OF Mr..
and Mrs d. Nj. Taylor. w. L. Powers
and Miss Sarah T.. Taylor his sweet
heart, vera present and together so
much that the father of the girl prom
led Mr.. Powers he could marry his
daughter when she was 10.
Conditions changed and they drifted
apart Mr. Powers coming west and
marrying. She also was married. Her
daughter. Miss Olive Smith. grew to
womanhood and settled IN Portland
While on a visit here to care for her
daughter. who had become ILL., Mrs.
Smith heard that Mr.. Powers was in
Tillamook. The reunion followed after
she learned that Mrs, Powers had died
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
DAIRY PRODUCTS MARKET.

i'T;a -l. ;is Cd '' in m aa5 %.,is,
yb!'inE. Az lines ~" In accumulation,
,,,u including eN,t.- aud al grades
ea'G to- fresh Win IT, move n in
1rNE' amit"I and The marie, weak.
particularly ON poor lines Renovated r.
port demand Tor ladies' j. IN, with
moderate trading Packing stock /, plenii-
ll and lIt'le activity Is noticeable. The
Pr..". were: creamery. extras % score,
aie.: higher scoring. 30 = . age hr'ts, ssSS
s0or'. go" 29iac., 1r-.s, 81 H-Nig".;
s'a,r. dairy. ,los, finest ?9as9, goo.
5a'. a9i,sc.. lover gradcs, 23a ssc. Imi,
'a,ion creamery. hrsts, ~ -iisc Ladies
stock. 6e.d. .i@:isc'; No. ?, sOisS'';
cHEEsE.--An linz. age aGrm; wl,h
good demand prevailing for local ana eN-
port movement although the high prices
mtnd Wisconsin, lines are active. Fancy
-IMutr. sNi.u,. nTm because 81 thc eTtp3s,t
demand continue good. Prices: Held,
specials, Ia, ul7lsc., average fancy. lGts
q l-e.; unIHrgrades. ia lsc.: Wisconsin,
Whole m Ifi Houo'e sac, a4cs'e s,,msa hcid
special, i4i9 q l5c. poor to good. 100 l2c.
EGGs-The weeks receipts amounted TO
liberal accommodations and although the
demand IL increasing the market is rather
prices and this curtails consumption. Tho
market Is uncertain. with Indications OF
lower prices this week. Storage eggs are
n.,1tifn, offerings ~ fresh. Value. arc
uncertain. Nearby white eggs In hght
supply ana h~m. Prices: Fresh gathered.
.5f.c, hrsts, 4i's a 25c.. seconds; 23l. q
20 Refrlgerntor. best. 2OT2lc.; henn"ry,
whites tine 10 fancy, atn Soc hennery'
browns. -GiEc. mixed cO.ors - q PC
LIVE POULTRY-The weeks receipts
were 1913 cars. with about - on track Tor
iula weeks market. There were rev
BUYERS around yesterday aud fowls were
IN. r,d freely without clearance.
ChickeuS are mostly coarse and STACEY
. Iud require sorting Ola ROSTERS SLOW
Turkeys ir better demand for choice.
,inot Grm Geese irregular. Prices
+ chicken. l5ig MISC, fowls, laa i6c.; old
. ruo- tels. lie. Turkeys, l1HlHr. Duck 81,
spring. state, 17'splsc. Western. i7is a
, ls,. Geese, Western, $50 lio Gula'"s'
a pair loc. pigeons , Teg s' .c,. ,,r,.v
/ market has been slrong but with q limited
. dCfnund Nearby fancy roasting chickens
move steadily ,for tho ttop srldSr, but on
scarce. pa5,irUjarly 80 TO 4 ID. birds: Old
BOOSTERS In light supply and hrm, Capon,
IN ''r r,, 'Hn a3GPs2,e an" o. moderate o n
Squsu- iu Ugh, supply and steady, Gulneas
plentiful ana slow. Prices; Turkeys, dry
uliled. 2lc.; Tennessee. and ken,u,ky
.pa- Ic.. TrS.s, goo Chickens, milk -.
!, - "a ms. - 10 box, 2ta CSC; corn fed
@sra,y. Hl SsS e '1 ssgs broiie5s Bee.
To- box. Wes,Srn 50 lbs, and over 10 doaeH
I'N..c: dry picked lbs and over ~,
,s to i' a. i'e ss S9g gSa squads abs
ar.m. vh,to, % lbs. 70 dozen, $40
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
BUSINESS TROUBLES.

THE GREESSTEIN CLOTHING COM
pANY manufacture OF clothing at ST.
Broad%ay has made AN assignment 60
Hahlo, The company. was Incorporated
IN. August 1909. with capital stock
10 $50, 600 and Nathan ]. Greenstein IL
president. Liabilities We're reported to
be $4,000 and Assets $4,000
ROSENSTIEL s Observation-Disclosures Rosen-
stiel and Adoiph Wiener. who composed
the firm OF Rosenstie a Wiener, export
ere OF furs and skins II 1870 West Twenry-
nfth street, also doing business as the
American Raw Fur Company, have made
an assignment TO Samuel Rosenstein
they nave been In business about six
years.
!, KEPPLER & Co.--Isaac Kepplsr. trad
Ing az l. Keppler & Co. Wholesale dealer
in teas and cofteeS at li5 Forsyth street,
has made an assignment 20 Benjamin Il.
Bankruptcy Petitions.
CHARLES IRONSON--A petition in bank
ironson, jeweiler al isI EsseT street lie
made an assignment on February d.
Liabilities are stated to be $40 600 and
assets $4,000,
VRAREcK AUTO SUPPLY COMPANY
petition IN bankruptcy has been NED
against the Nrabeck Auto supply Com
pHny Of 752 Lexington avenue, The COM
pany made an asslgninent on June -.
Liabilities are $4,000 and assets $4,000.
JACOB ABRAHAM, clerk. OF III Yves;
1i3th street has hled petition in bank
'
assets. or the liabilities SOC, 500 are on
bond and mortgages made in 1905 and
$4,000 are deficiency judgments.
STEPHEN ]. BAIOCCHI clerk. OF II
Christopher street. has nled a petition In
bankruptcy, with liabilities $685. and
no assets
MORRIS LUBERT, formerly a cloak man,
ufacturer OF "a East Eighth street IA,
filed a petition In bankruptcy, with liza,
bllties A.27l and no assets.
HARRY HELLER OF 42s Fast lJ7th street
has filed "a petition In bankruptcy. with
liabilities S.s7s and assets consisting %
third interest In patent aluminium
soldering process OF no value,
Petition Dismissed.
DAVID KOTLER--Judge Mayer has dis
| missed the petition in bankruptcy hlet
on March Z, 1914, by David Kotler
butcher. OF w1liett street. whose liza
! bilities were s24,s4s.
Composition Confirmed.
| LOUIS AMDUR-Judge Mayer has con
frmed a composition OF Louis Amdur
clothing manufacturer OF asa broadway
with creditors at 20 cents on the dollar
payable 10 cents cash and is cents II
| three notes at two, four and ak months
| Liabilities were 5000
! Schedules In Bank uIptcy.
! CENTURY IRON WORKS, INC, or 62
| Concord avenue. has filed schedule
showing liabilities s2a2t5 and asset
$500.
| MNNpEL & sTAHIs--schedulss OF Mand.
| & stahl manufacturers OF dresses al 8
/ West Twenty-hrs. street show liabilitIe
l stock $3.50, and accounts ssas
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
S. S. KRESGE co. SHOWS GAIN.
Net Fronts I'm 1914 sI,ISO,4os,
Against ssO0,0s0 In 1919.

The report OF the S. s. Kresge Com
pany and it's affiliated concerns for the
year ended December Al. 1914, shows a
considerable increase in sales and in the
balance for dividends over the year pre-
v!ous. Sales amounted 20 Sl6,097,57i,
as compared with SI3,25s.227 in 1913,
with net profits OF Sl.lJO, AS, against
ss6e.6s6. After the payment OF pre-
ferred dividends there remained a bal
ancs available for dividends on the com
mon stock OF s.021716. which was
equal to 2O.43 per cent on the $1,000 900
stock Of that class, as compared with
1867 per cent on the same stock IN
1918.
The surplus for the year was $685.
ZIG, as compared with $3.50. 1856 the year
previous, while the profit and loss sur
plus on December 81, 1914, was sl,653,-
1854, against S93l,6iS on December 81,
1919
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-14
HERCULES POWDER REPORT.
Company shows slight Gain In Net
over Previous Year.

The report Of the Hercules Powder
Company for the year ended December
81, 1914 shows net earnings OF Sl,43+,-
1855, equal to l4.32 per cent. on the
S7,l50,000 common stock, as compared
with 1856 per cent. on the $500, 900
stock the year previous
Gross receipts were S7,a27,s0l.
against ;7,640.74l in 1913. and net
earnings Sl,i34.755. against sl,4O7,2i2.
The surplus was fl.023,666, as COM
pared with S1.O17,2l2.