davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
mop" NOTE PLAN
MADE OPERATIVE
Receivership Is STAYED OFF b,
ExtensiOn-New Suit
Against Company.
EXPECT OTHER ACTIONS

Directors Of the Missouri Pacific yes
terday declared the extension plan of
one year for the s25. oOo, 900 notes oper-
alive. Rece!vership for the company is
thus STAYED of. at least until It u do
termined whether A read1ustment OF
tho company's finances can DO accom-
plished without that step. The work OF
reorganization on a permanent basis is
now the chief problem before tho COM
pany.
While the directors were in session on
the note deposit matter an attachment
against the property of tho company In
New York was obtained by Eugene II.
Ravellain of 322 West 18th street, the
holder Of $4,000 Of the notes. Enos
Throop Geer OF 81 Nassau street. at
torney for Mr.. Ravellain. said that his
client insisted that his notes be paid
and would press the suit for n judgment
Though the company maintains that II
has no property in this State outside OF
The office furniture at 165 Broadway II
is felt that the granting Of attachments
against its property outside OF Missouri,
Kansas and Nebraska, where 1t Is In
~corporated, will cause no little embar-
rassment, which may have some In
fiuence upon plans for reorganization.
Mr.. Ravellain, his attorney said, is
acting solely for himself. Other note
holders besides AIR. Ravella4n arc pre-
pairing to TAX action TO collect on their
notes, though no additional suits were
learned OF yesterday. A number OF
noteho!dcrs. however. served notice on
the company hat they intended action
by presenting their notes and demanding
payment. The total amount Of notes
deposited for extension at h close OF
business yesterday was &c1,34s.ooo.
Holders OF the deposited notes an get
payment Of tho interest and h extern
cent beginning tomorrow. Tho time
for further deposits has been extended
to June Z. In a statement after tho
meeting the directors said:
Holders of u~ndeposited notes can OBJ
tain their June /, 1915. interest n the
extension commission Of nne-half OF 1
per cent. only by depositing their notes
with one OF the designated Il positories
subject 10 the extension agreement.
Now that the n~oteholGcrs ealiz that
the company canno and will not provide
for the payment OF any OF the unex-
tended notes the board believes that
practically all OF the remaining notes
will be deposited for extension. as obvi-
ously the principal ground for hesitation
OF noteholders has been the fear that at
the last minute provision would be made
for the payment OF The unextended notes.
The board OF directors Is very much
gratifed by the confidence manifested by
the noteholders. not only by reason of
the liberal deposits OF notes already
made but by the apparent disinclination
OF any OF the noteholders 10 embarrass
the company by suing upo their notes"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
THE GRAIN MARKETS.
wheat Decline Again severe
Corn and Oats Follow.

The wheat market resisted the de-
elhing tendency for a short space OF
VINE during the early part of yester-
nay session, hut subsequently felt the
"tght OF hurdensome offerings. There
was no essential change in the general
s'laton D nothing occurred to check
ne liquidation of speculative accounts
" i"' aCgrcs.veuess from man OF the
successful bears.
TIE absorption of wheat contracts
!G' following the outset represented
I''''pdI.y the covering OF shorts, Fears
tA!,'ssed because OF the probability Of
,IIVher rains In various parts of the
wv notably Kansas, where moisture
no. g ''eh excessive, We're not contagious.
enc harvesting Of wheat In Texas Is
''"NE progress undeterred by climatic
,..p'.''s, and the offerings OF old and
-" wheat from the farms are having
rtr' $3.50 ~
I"'re is talk OF farmers holding their
~" .Fap supplies. lnasmuch az the re-
H' - ~ present calculated at only" q
mar u hlSh'l. II is argued that such
"'.' 'H lower than justified In these
." mes Whether the basis Is suf-
,,h'F hlEh or above that warranted
We" or the Indicated export surplus
81 ''','oo, 900 bushels from the United
Ms ana Canada remains to be seen
-o.'"Ver' mono of tho crop has really
60 TO move \ year x the
SrmeI was confronted with Offers Of
Wheat. ~" ''"' ;" ~"
rne Element Curtis crop report issued
N a"n,p"y was not quite as bearish as
n. 'ho" hgures OF the previous day.
nj S'huor wheat crop promise was
sGeu az s~70,000.000 bushels and the
hr.tUs wheat indication at 252, 900, 900
ma,nns against the total yield as esti-
."aeu by SNOW OF $50, 900, 900 bushels
r' NE record a year ago OF ss2. 600. 900
Csnm"es' Clement, Curtis 4 Co, give the
OF a.'n area at Is per cent. over that
y.s",op loss orders were encountered
ysineroay and the downward trend of
' was precipitated by thls belated
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03

liquidation. A feature Of the trade wa
mo buying OF more than 1900. 900
pushels OF July wheat in the Chicago
market against the sale Of an equal
quantity OF September furnishing the
first evidence Of support In tho near
positions that has been discerned for
weeks. Tho relative weakness Of the
Juiys In the Northwestern markets was
early. but finally there devel-
oped support from large millers, who
to sell considerable flour at
the decline of so to 90 cents n barrel
from the prices OF about a month ago.
Export business Of the day was fig
ured at 600.0 900 bushels OF wheat
chiefly old. The inquiry for new wheat
remains d%esultory. According TO Brad.
streets the noun Of visible wheat in
and afoat for Europe Is IS. 600. 20
bushels. against 1900. 900 a year aev.
American supplies are 81, 900. 900, against
100000 at this corresponding time In
1914.
Corn-Reports that Argentine corn
was being offered at New York at about
two cents under the basis of the domes-
tic corn did much to unsettle the mar
kets here. II Is understood that Argen-
tine corn would have been bought for
Importation, but for It's uncertain quail
ity, but obviously several cents discount
partly compensates the buyer for In
ferior grading. There Is talk OF a con-
certed EFFORT being made to maintain
the levels OF corn In the Argentine, but
nothing important is likely to result.
There was a fair display OF strength
to the early market Prospects OF rain
in the West, where seed has rotted in
the ground n r~eplanting became neces-
sary because Of an overabundance of
moisture. brought out moderate short
covering. Buying of this sort dimin-
ished. however. on the Argentine news
and because OF the slump In wheat.
A record corr area is pointed to by
the private crop reports. In the South
the Increased corn land was given at
100000 acres, according TO the Clement,
Curtis estimate.
Oats-Despite export business OF an
other million bushels oats values re-
acted sharply with the declines in other
grains. The selling from the farms con-
tinued and considerable selling from
other channels was noted. The weather
was generally favorable in the far
Southwest for cutting. The private crop
estimates point to a yield OF 10000, 900
to 10000. 900 bushels over the fnal Of
La 900. 900 bushels q . ago.
Provisions@Packers continued to gfvV
support to the list at tho declines. Of
ferings were scattered and were based
partly on the reactions In tho grain
markets. Other influences were tho dis
turbed political conditions and the large
hog receipts. Chicago prices:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
CONSOLIDATED EXCHANGE.

Decided strength developed In tho
market IN the fac" of continued internal
tional uncertainties. Trading was on a
ZOO scale of activity. with commission
houses handling n large business III odd
lSts which was well distributed over
the list. The so-called war stocks were
prominent.
Much attention vas accorded TO the
copper shares, which were particularly
stimulated by the reported advance IN
the price OF the metal to 1915 cents n
pound on an enlarged buying demand.
one o. the features OF th, m"-let was
the activity WHICH developed In Com
stock Tunnel, That stock on trausac-
lions totnll.ng 1900 shares after open
ing at 10 advanced 10 90. which was It's
closing price,
SO far as the standard stocks were
concerned United States steel common
led In respect 10 turnover, with sales OF
1880 shares. II opened at sax, an
overnight gain OF Is OF a nDint. and
early rose 20 55N. closing AT 5j. Read
Ing opened 1T li@, up = of n point, and
advanced to 1873. closing at l43&.
Union Pacific after opening n rag
rose To l25ia, ut which IL closed. Anal
gamated Cppper's opening was 65a,. a
gain OF y of u point. and II then ad-
vanced to 67is. closing at 81.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
H SUGAR MARKET.
Federal Company Cuts Graduated
Price to ass Cents.

The raw sugar market was firm yes
terday, with sales Of $4,000 bags OF
prompt Cubas to the Arbuckle refinery
at 4.95 cents. There were some offer
!ngs OF June at 500 cents. duty paid, but
principal holders were asking Sig for
June-July sugars.
The Federal Sugar Refining Company
created a sensation In the refined market
yesterday by suddenly cutting It's price
on standard graduated sugar IS points
TO 4.S5 cents. Contracts booked at this
level by tho company, however, cai,ea
for withdrawal within a weeks time.
In the afternoon the company withdrew
it's quotation Of ass cents and moved its
price up to an ever level with other
refners, who continued to quote $40
cents, Rehners booked further contracts
yesterday at 8 cents for delayed ship
ment.
pricea were
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
COTTON Is STEADY,
BUT NOT BUOYANT
Market Rallies From Lower
Opcning, but Reacts
Toward Close.
WEATHER FOR THE WEEK

cotton Yesterday showed that the
technical position was healthy enough to
rests, bearish pressure. but without
.roueh buoyancy to maintain any ad-
vance Of Importance. L~iverpools ragged
.,ox-ng was ignored and by tho time
IN. cal was over the local market in
stead II opening at a decline Of 8
,olnts or so was practically unchanged.
There was A further advance to the level
n, e7s for October. but closing prices
were practically on the same level with
that OF Tuesday.
The weekly weather report wac WITH
Al, influence. In fact the crop seems to
b. cutting less figure than usual. The
Government condition report published
a, noon Tuesday came in for little COM
nent. Ii is believed to Indicate an aver
age start and everything so far as the
outcome OF the crop Is concerned rests
on midsummer and autumn develop
ments.
The weekly weather report was some-
what more favorable than expected. In
portions OF the Eastern belt the week
was said to be ~unfavorable, with
weather too cold and wet and without
sufficient sunshine. Grassy fields were
reported In Georgia and weevils were
said 20 be Appearing in Mississippi. In
Oklahoma the weather was too wet for
cultivation. Tho Texas report was
rather favorable.
Considerable attention VA attracted
By the statement Of Lloyd George that
the British Government was taking all
steps considered necessary to prevent
any cotton from reaching Germany. The
seizures OF the high sea, the blockade
Of the Channel and embargoes estab-
lished In neutral countries are regarded
a. sufficient to prevent Germany from
obtaining supplies OF raw material.
Much interest was taken In the follow
ting statement in the Montgomery
Advertiser:
"Alabama's cotton crop for lslb-i6
II as much OF a problem to-day as II was
the day the first seed was planted IN the
State. Cotton acreage has been reduced
from 90 TO "a per cent. all over thu
state and the use OF commercial fer
tllizer has been cut about 80 per cent.
The crop now growing varies In quality
o. stand as well as in condition of
growth. and grass and boil weevils are
playing havoc with much OF II In
certain parts OF the State. causing the
planters TO abandon the idea of growing
a cotton crop at all, and making them
turn the young cotton plants under and
giving over the acreage to corn and other
grain. The crop 4. from ten days TO two
weeks late"
The New Orleans Cotton Exchange
will be closed to-day on account OF
Confederate Memorial Day. Futures
closed steady.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
LOCOMOTIVE ORDERS JUMP.
S~I.727.OOO in Contracts Placed
with Linn Corporation.

An interesting illustration Of the in
crease OF railroadsbuyinr of equipment
is furnished by a Substantial aggregate
81 orders Just placed with the Lima
Locomotive Corporation. which reports
the following contracts In May:
For the Pennsylvania Railroad lines
west. twenty-five heavy consolidation
moderA freight locomotives for the
Denver and salt Lake Railroad. eight
heavy Mikado freight locomotives for
the New York Central Lines. ten Mikado
conversion locomotives for the West
orn Maryland Railway, fifteen Mallct
locomotives.
The locomotives represented in tho
foregoing are among the largest and
most expensive built, The total money
value of these contracts Is S,727,000.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
COPPER DIVIDENDS RAISED.
Abm~ek and Quincy Com PA nieS
Extrn Payments.

Increased dividends based on tho high
prices for copper were declared yester-
day by two more copper companies.
The Ahmcck Mining Company de-
clarcd a dividend al $40 g share, Three
months ago SO was declared and the
last dividend previous 10 that was 81,
which was paid July 10, 1914. The
dividend declared to-day is payable July
! To stock of record June 7.
The Quincy Mining Company declared
a quarterly dividend OF 81 a share. pay
able June 2S 10 holders OF record June
Z. The last previous disbursement was
81 a share on March 90.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
BUTTE ELECTRIC & POWER co.

Pursuant 20 tho terms % the additional
sinking fund provisions OF the nrst mort
gage ~ the Butte Electric and Power Com
p3ny dated June /, 1901. sgl,lsite have
pusrl- i1r the sale OF bonds OF ;he above
company maturing June !, 1854, :0r the
amount OF the deposit stated are invited.
ana wIl be received by the undersigned at
IFS ofice. 80, IS Cedar ST, New York. up
20 l. O'clock noon. June II, 1919. The
right Is reserved 20 reject any bid.
United STATES MORTGAGE y
TRUST COMpN>Y, Trustee.
By CALVERT BREWER, Nice-President
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
THE BOSTON MARKET.

BosToN, June 2.-Mining issues
showed substantial Improvement. with
the zinc stock as usual leading in
strength n activity. Ahmeek declared
a quarterly dividend OF SO and was up
10 points. Copper Range advanced 1ia,
Calumet and Arizona pa. CRANKY 21s,
North Butte x and United States Smelt-
ing ~. 1ndustrials were quiet and
firm. Boston and Maine Railroad lost n
point. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
THE PHILADELPHIA MARKET.

PHILADELPHIA, June 2.-Stocks were
quiet and nm. Union Traction WAS A
strong feature. and gains were made By
Cranp Shipbuilding, Lehigh Navigation
and General Asphalt ommon Philadel-
phia Rapid Transit certificates closed I'M
changed after selling M y. The sum
mary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
NEWPORT a CINCINNATI BRIDGE co.
a-.Lu.ul AIuri rlxn ~ Q. I'D \ ear G.nll Nnnls.

m ".CorIluCc WIN The ifrWs Of he
Sinking FUND clause o. above Mnrtgage,
notice j. hereby given that scaled proposals
for the sale o., as many bonds as can ne
one per cent. OF 81. 37s, 900. 90. the amount
OF bonds now outStaudirgl VIII be received
AZ the Office Of the Louisvi' q & Nashville
Railroad Company, No. u Broadway, Sew
York Clty. ana opened AZ Ncon on June
accepted. provided the price does not ex-
coed par ami Interest
WA. W THOMPSON. Treasurer.
Juno ist, 1913,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
HI CHICAGO MARKET.

CHICAGO, Juno 2-Trading was much
better, prices showing n firmcr tendency.
Stewart Warner, Sears Roebuck and IL
linois Brick showed the greatest gains.
Other issues were slow and fluctuations
confined to "A narrow range. Bond mar
ket dull. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
TO TIiE HOLDERS OF
THE PITTSBURGH COMPANY
First Mortgage and Collateral Trust bonds
ttl Vulx Iann

Notice is hereby given as provided in the
Nortv.ge dated July LIST. 1899, made by
Thr Pittsburgh Company TO the Guaranty
Trus; Company Of New York as Trustee.
nat iouis bearing the following numbers
have been drawn for the Sinking Fund and
Will be paid at par and accrued Interest on
ard AFTER July list. 1915. a. the TRUST
DEPARTMENT OF the Guaranty Trust
company Of New York. 40 broadway. New
York ely, after which date interest on
said bonds VII! cease. Bonds numbered
III. ,tS, 1876, l6s. 100. l7?. i75. 1877. ?oi.
20. ~, ..J. .33 and 24i The bonds
should bs presented with coupon due July
ls., 1915, attached
THE pIrTSBURGU COMPANY.
- SAMUEL. \. EOEl.OFS. President.
Dated, EllWpod CITY, Pa, jane lst. 1915.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
THE MISSOURI PACIFIC RAILWAY COMPANY

To Holders of Three.Y ea Six Per Cent.
Secured Gold Notes due juno I, 1915,
M extension OF one year provided for in the extension agreement
dated. April 8 1915, having been declared operative by the Board of
directors. notice is hereby given that the time for further deposits of
notes under said agreement is extended to and including Monday. June
=, i9l5. Upon the deposit of their notes with the June /, 1915, coupon)
with any of the depositares named below, noteholders will receive ()
the interest of thirty dollars per thousand dollar note due June !. 1918.
(b) the extension commission of one-half of one per cent. and (I
receipts Of the Depository which will entnle them to extended notesw with
a memorandum of the extension stamped thereon and new interest cu-
pons attached. Deposits by noteholders should be accompanied by certif.
Gates of ownership ms required by the Treasury Department under the
Federal Income Tax Law. New coupons are now in course of prepare
ton, and announcement will be made when the extended notes and new
coupons will be ready for delivery.
Dated June 2. 1915.
THE MISSOURI PACIFIC RAILWAY COMPANY,
H. L. UTTER,
Secretary.
UNION TRUST COMPANY OF NEW YORK,
80 Broadway, New York City.
GIRARD TRUST COMPANY,
Broad and Chestnut SITS, Philadelphia, Pa.
MERCANTILE TRUST COMPANY,
721 Locust St., 81. Louis, Nc.
OLD COLONY TRUST COMPANY,
II Court ST., Boston, Mass.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
BUSINESS TROUBLES.

IIOENEL S~ANpnIAST MACHINE CON-
PANN--A petition In bankruptcy has
been fled against the Hoevel Sandhiast
Machine Company, a Dels ware corpora
ton. 80 Church street. II was alleged
that the company admitted inability
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
THE PITTSBURG R X

PITTsBURG, June 2--Cruciblo Steel
stocks were higher. with the rest OF tho
market steady and not much change In
price, Elk County Gas sold al ll3, up
y. The summary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
THE MISSOURI PACIFIC RAILWAY COMPANY
II Holders of Receipt. Of Union Trust Company Of New York and oil
Notes dsposited under Extsnsion Agreement dated Aprl 8. 10

&c T0'aers Of Receipt. Of Union Trust Company Of New York and other
Notes deposited under Extension Agreement dated April g., 1915;
Notice is hereby given that the Board Of Directors has declared
operative the extension to June |, 1916, of the notes deposited subject to
the above agreement.
Holders of the above receipts will receive the interest of thirty dollars
per M thousand dollar note, payable June /. 1915, and the extension
commission of one-half of one per cent. upon presentation of their
receipts to one of the depostaries named below in order that such pay
ment may be noted thereon. Receipts when presented should be accom-
panied by certificates of ownership as required by the Treasury
Department under the Federal Income Tax Law.
New coupons are in course of preparation. Notice will be given
when the extended notes and such coupons IRE ready for delivery, and
thereupon receipt holders may obtain the extended notes with a memo
randum of the extension stamped thereon and new interest coupons
attached, upon surrender of their receipts to any of the DcpoItaries.
The time for further deposits Of notes has been extended to and
including Monday, June 7, 1915.
THE MISSOURI PACIFIC RAILWAY COMPANY,
II. L. UTTER,
Secretary.
DEPOSITARlES:
UNION TRUST COMPANY OF NEW YORK,
so Broadway, New York City.
GIRARD TRUST COMPANY,
Broad and Chestnut SITS, Philadelphia, Pc.
MERCANTILE TRUST COMPANY,
72l Locust st, st. Louis, Mo.
OLD COLONY TRUST COMPANY.
II Court st, Boston, Mass.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03

TIE Liverpool market opened dull.
There was an increased demand business
In spot cotton. with middling 3 points
advance at 5.1sd. Sales, 5000 bales /;
receipts, $4,000 bales. including 1920
American.
Prices at Liverpool closed quiet but
s,eadv
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03
THE BALTIMORE R

BALTIMORE. Juno THE securities
market continued moderately active.
United Railway stock was Of u. Bonds
generally steady. The summary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03

spot cotton at New York was quiet.
s POINTS advance. Middling. $500.
Southern spot markets were unchanged,
with New Orleans &C., Galveston S.?5c.,
savannah 9hc, Houston &C.. Augusta
S'>c and Memphis 9.I2c.
TIE New Orleans market closed
lAnlN hr-nna Mnr-.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03

Eleven A. NJ. bids to Liverpool were I:
July, 9.42c. October. 9.76c. January.
lo.osc. The market there Is due to open
To-day . 10 . points decline.
Receipts and stocks were:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03

DAILY FINANCIAL CALENDAR.
Ey DIVIDEND.

EN- DIVIDEND.
Company and Term. Stock. Amt.
Buckeye Pipe Lac, quarterly - 81. 90
DIVlDNEDS PAYABLE.
Porto Rlcan- American Tobacco
quarterly ............... - ~
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03

Exports yesterday. 23,467 bales. To-
IA thus far this season, 7.s37,59s bales,
against SSH, 1872 bales last year.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-03

5000 Am Tel & Tel ~. 50 ~. 81. 81
$50 4 T 4 7. cv. Iiss. 100 100 lo 100
I 100 GeS&W d" 49, %u g. 81
eNH G 4 o e Is regd q q % ~
500 = Y Cent deb q. lo1s ioe. l0e. To-.
1000 West Tel & T 6. $50 sis sl5 sI
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1915-11-19
WILL NOT enter PRISON
Convict Is Paroled by Governor Be-
fore Being Incarcerated.

John Mccullough, a Wichita negro,
was today paroled by Governor Cap
per without having served single
days of the one to ten years prison
term which he drew for assault with
intent to kill. Mccullough went gun
ming for a Wichita policeman. By the
governors action, however, he will not
see the inside of the penitentiary
walls.
More than two years ago, McCul-
Tough armed himself with a gun and
went out to look for negro police
man named Herman. The two ne
groes met, but no shots were fired
Mccullough was held for assault with
intent to kill. In the trial of the case,
the defendant testified the policeman
had arrested Mrs. Mccullough without
provOcatiOn. The Mccullough family
stood high in Wichita colored circles
and petitions for his parole were ex-
tensively signed.
After the jury had found McCul-
Tough guilty, he gave bond pending an
appeal to the supreme court. Two
weeks ago the supreme court affirmed
the decision of the trial court and Nc
Cullough would have been compelled
to serve a term of one 10 ten years eX-
cept for the governors interference.
Herman, the complainant in the case,
is said to have been discharged from
the police force