davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1916-02-18
reader, Covering Shorts
Gives Market a Brief
Spell of Activity.
,,,svTANIA DEBATE
WEARIES THE STREET
Controversy with Germany Halts
speculative PrOgramme-Cot-
ton Breaks Sharply.

"a. b,e room trader who has more
n,es moved the market out Of its
~ - IN the past few days again
~. 80 something" 10 tho middle OF
'...3,v afternoon. On The floor he
bsGcyed 20 pe covering short com
W - as he did on Wednesday.
t -. ~ such an occasion, the other
V-, Vi'su, sill Try 20 make a prominent
w.. w. sellcr pas dearly for his stocN;
no'. '.estsrdav thcrc was little compe-
~ o. securities. The Street rs so
w. p...-.ily besrish that some specuia-
l'I Isve venturcd 20 buy "a few
~. .,. following the ola idea that
~, - % one else wants them. then ~
sa'- ~ .;1s 70 Get them. The theory, OF
:. .s 80 rests on the notion chat general
sS'....;.iress hss created q large short
se..,sst /. does not necessarily as
- -, Rat bold buying VIII be rewarded
-i.,gs profts. because even heavy
N-sg of shorts can seldom bung
So. g., prolonccj rise. In some quar-
-. - :, Is believed chat the present
~ .s... interest is Of large proportions.
-, 80 not so large as it easily might
:. Se.suse just now bearishness is
~ matter Of sentiment than of
~. -, The so-cancd big spectators
-, -stber apathetic than active.
New-York tribune., 1916-02-18
STRONG MAKES STUDY
OF ALLIED FINANCE
President OF Federal Reserve
Bank Sees Bankers Abroad.

London, Feb. IT, Among London
bankers. particular interest has been
taken during the past week in the visit
Of Benjamin Strong, irr president OF
the New York Federal Reserve Bank.
Nr Strong has come over. The
Times" believes, on purpose 20 ex-
anime for himself the We. in which the
war finance Of the allies, and particu-
larly Britain. is affecting their none
tary position and prospects. lie has
been given every facility Tor invesuga-
ton by heads Of the great clearing
banks Of London, and be makes no
secret of his admiration for the way
in which Britain and It's banking sys-
tenn have stood the unprecedented
train. Mr. Strong has now gone for
few days 10 Paris 90 meet the prin,,
cipal French hnanciers. But he "ill
visit London again before returning 70
New York and some important new de-
ve.opments for American banking mere
are being discussed as the possioie
outcome Of his visit.
New-York tribune., 1916-02-18
BREAKS
UNDERLIQUIDATI0N
Heavy Near Month Pressure Hits
Market-Later Rallies Give
Steady Close.

For a time yesterday the cotton
market seemed almost demoralized so
far rs the old crop deliveries were
concerned There appeared 10 be no
particular item In the days news that
attracted special attention around the
ring, but the market broke very Sc
vcrely under heavy near-month liqui-
dation. Holders Of local contracts
felt little disposed TO maintain their
position with the approach of the fest
March notice day. There are large
stocks Of cotton in the warehouses
here. with thousands Of bales available
for delivery on contract. and the weak
ness Of March seemed 10 alarm other
old crop longs. The result was that
liquidation was more or less general.
Trade interests were active buyers
on a scale down, partly 10 fix prices
for spinncrs and partly against sa'es
of later deliveries The differences be-
tween the months widened; this buying
combined with active covering. ina iy
checked the decline around ll.55 for
May, or about 20 TO 36 points above
last nights closing figures on the ola
crop months. Rallies followed with
the market closing steady at net lJss
Of 20 20 points.
Liverpool was about as due and the
market here opened 40 decline or
points TO an advance of > points Buy
ing TO cover the short end OF Liver
pool straddles helped 20 steady the
early market, and after some early ir-
regularity prices worked up 20 about
Wednesdays closing figures on 0lc
crop positions. The new crop sold ! 10
g points net higher. After the close
abroad the demand here was less ac-
tive. and the break came early IN the
afternoon under heavy Wall street
liquidation. March contracts sold on
20 I1.52. the lowest price reached tor
that delivery since early last autumn.
Old crop months generally sold abolt
l2O 10 1870 points under the high level
of little more than a month agb
more than . cents a pound under the
high records of the season. Closing
prices showed rallies Of Is to Is points
from the lowest on old crop positions.
The new crop was relatively steady
during the entire day, but sold about
Il TO 10 points net lower on the bresk
and closed about 3 to 4 points OF
from Wednesdays finals.
Southern spot adyices were conf Ct
inr. but apprchcnsions that the break
In old crop months here combined with
the approach of the planting season
might weaken the views Of holders
probably added to the nervousness OF
the market. Previously this season
hoidor. of unhedged cotton In the
south have paid little attention TO the
fluctuations in contracts. One Of the
cables from Liverpool reported dimi1-
ishing activity in Manchester.
Southern spot markets as officially
reported after the close here yesterday
were unchanged TO 3S points lower
Mobile was 38 points lower; most Of
the other markets showed declines OF
from 10 TO Is points.
Range Of prices w.
New-York tribune., 1916-02-18
MINERS IN DEADLOCK
VOTE A RECESS
Pennsylvania Operators Won I
Agree TO New Wage Scale.

Mobile. Ala, Feb. 1.-THE joint con-
ference of miners and operators OF the
central competitive bituminous fields
unable 70 agre upon a wage scale here
to-day voted 20 take recess until next
Thursday Ut New York. meeting at the
same place where tie joint anthracite
conference begins next Monday.
The deadlock came on the mine
workers demand that al coal be- screen
ed before weighed and be paid for on
the mine run basis The Western
Pennsylvania operators are unalterably
opnosed 20 granting that. No progress
was made by the Subcommittee and
finally the miner to-day decided TO ask
q recess.
New-York tribune., 1916-02-18

p Russia they say "ritchevo' .or
r-s.hinc like it) when they are try
n 70 find free equivalent for the
Y.rears' "manana" "lt doesn't mat
~ goes far toward explaining why
p YET there IS no Offering here Of
i.eisn bonds or of other secuutics
s.s.svith the Cars government could
e,rs the funds 1T would be pleased
& barrow in this country. NcCo'ia-
ts,. have been on for months. Russian
cs3t improving in no wise in the in
WA. Some day. in the BELIEF Of
.rtsrs here, e will be decided that
tIJ makes more waste than reason
y haste; and there ell then be "a
ers 70 offer the American public
q, eications Of nation whose re-
s.ra are not less great than those
1es United States. ln April Of last
lH Russian agents ondeavorcd 20
Jia an order here for cloth enough
. make winter ovcrcoats for her
i-.ss. They demanded. but could
- gs., delivery within two months.
hsppointed. they began TO argue,
T,ile month after month went by
n,sly, in December, the order was
ilcsd Their winter overcoats viii be
ss-7ere3 20 the soldiers next July.
New-York tribune., 1916-02-18

..'S. million horses. valued a.
r. Sl-5 100000, have been exported
- ue United States since the war
~, r. Gd practically all Of them have
~, efectly or indirectly, into the
s,,..,'Ah holocaust The figures were
-, s,''s9 by tho foreign trade depart
gi ~ The National City Bank IN
,.ss, ,oe exports ~ horses totallcd
.,,-' SSuVOO; m 1915. 100000; and the
n. 80 ~ shows no signs Of diminishing
d.. neayy shipments have brought
,srls perccntble decrease i'm The
Ss,ss'' o. horses lcft i'm the United
s,,... Notwithstanding the natural
ar,',t nom year 20 year. The De-
,.sIs'N Of agriculture estimated the
l. p 2Y,s ,s, remaining on January /. 1916,
~ !. 1916 '''' p i'0'0OO o" o D."
New-York tribune., 1916-02-18

p,.ls-s. talking about our interna-
..,.i relations, say of the Lusitania
.-'rs.istors and the collateral mstter
rf,ss Teutou threats against armed
,.,,,Lsr.ncn that their influence is
~ 80 much upon the specuiating
,.-t and file as upon those who would
S,s.t he course Of the market. The
T-rsr. believing the discussions bee
trssn Washington and Berlin viii drag
I, in.erminGblv. are not particularly
,sr,urbed by the "of again. on again
s-ses that are constantly being report
- from the Capital They are rather
v..eb;rg for new campaigns 20 be
rsy.e5 In the market. based on the
,r,rsordinary earnings that are pllinc
q, behind stocks. The latter. on the
,.bsr hand. are not willing TO begin
rytAing they are not sure Of being
ale 20 finish.
New-York tribune., 1916-02-18

City. Good demand at S3d st. FOR high
grades but moor stock OF All descriptions
selling very slowly. HAY, large baied, TIM
c.hy. No l. ton. S26 No t0 No 2, SlsH
S25: shipping. SteWSl-: fancy light clover
mixed. S280 spa; No / clover mixed. $50
So lower grade clover miNed. Sl3Hsl. no
grade hay: sl3MSii: STRAW, rye. No /.
Sl5. Small bales about SimSZ under large
FLOUR AND MEAL.
Little or no Improvement was noted IN
the -four market. where buyers were Sill
holding of as far a. possible. in the hope
OF securing supplies at lower h8urei.
BTCKWHEAT FLOUR Market dull; 20
fair 20 good $500 500; choice 20 fancy
s5.sOls5.o5. CORNMEAT-S Steady; kiln
dried. sA2O. BAG MEAL-Steady; hne
white and yellow. SL90 coarse, SIP. FEED
City. steady; bran. bulk, S23 lOo-ib sacks
S2A50. heavy middlings. do. SZo.oO; Hour
midlings. do. So red dog flour. HOLD sacks
s33 Western. easy bran, lOO-lb sacks, S-3
standard middiiugs. do. S24Us2l.5O; flour
uiddliu9s. do. S29: red dog -four. liO-lo
sacks S22. oil neal S5s.50US39.
PROVISIONS.
The market for hog products was firm ~
the outset owing TO a show of strength m
tae hog position and on some further rai'.
regarGing rccnt export sales OF latd ana
other meats. On the advance, however,
there was active HelllhH oS otohti9 WI" W.
thought to be operating for packing inter
este and prices declined and closed at The
lowest. Receipts of hogs at Chicago were
81, COO. estimated for Friday, 10000. Kansas
Cty received 1000 and Omaha Is 500. PORK
Steady: mess. sol: family. s2l.j0U S28
short clear. s20N $3.50. BEEF Steady
mess. sl7Msl7.5O; family. Sl5.500 $3.50
packet. Sl7.5OU$l9: extra India mess, S29H
$40. DRESSED HOGS Firm bacons. lie;
isO 10, llisc: 100, IKE; li0. IL &c; pi2s,
lla,c. CUT MEATS -Pickled bellies. dull
10 Ii. i2iec; T.. l2hc; Il. ligc; picked
rnms. steady; quoted. lli4mlf'ac. tai
LOW-Quiet special. 9iic: city. Sic coun-
try. sNsi3c LARD Easy; Middle West
Si0.25NsiO.35 city lard. easy quoted. lOH
l0i.c: refined lard. barely steady Continent.
si13O: South America. Sll.40; Brazil. kegs
sf2.f0: compound. dull quoted, lOA. "a 10 S..
STEARINE- Barely steady; oloo, 9Hlc: city
larq stearine m ic.
New-York tribune., 1916-02-18
Manhattan Railway Bonds Sold

has awarded S4,523.000 second mortgage
per cent bonds, due June /. 20l3. 70
the Equitable Trust Company and T..
Il. Rollins 4 Sons, bidding Jointly.
The bonds are being offered TO net the
buyer Az per cent. There were nine
bids received for tho hoads. the sue
cessiul bid being Sis.
New-York tribune., 1916-02-18
Sues for $1,000, Gets IL Cents.

Two verdicts rendered yesterday IN
the Supreme Court, Brooklyn, nettea
Mrs. Jessie Davidson, OF ~ fuitoh
Street, Il cents. She sued Henry ~.
Will of 345 East ltsth Street, for
81. 600. and his wife. Margaret, for
81 600. alleging that during an amateur
theatrical performance Weill had pulled
her hair and Mrs. Well had kicked her.
New-York tribune., 1916-02-18
Bank of England Return.

London Fe1 The weekly return of the Bank
o. England shoa, fho following cAanss. ToiN re-
no 600 bullion Increased f5f0 les other securities
decreased II $685. 600. other deposits tIea,e !
ID ggl 900 public deposits decreased tll.l-n o'n
notes reserve Increased t4ps llv, aid s.'eiNi-''s
s..urltlrs uer. unchanged. ..,,
Ths proportion U TIE Banks reserfe - hali
this sDek is lDl lef cent against - 4' Jas. "te"'
Tie rae " discount remains 3 per rtit
New-York tribune., 1916-02-18
GOVERNMENT BONDS.
CANADIAN WAR TAX
Dome Mines Company VIII BE Little
Affected, Says President.

J. L. De Lamar, president Of the
Dome Mines Company, said yesterday.
that the company would not be greatly
affected by the proposed Canadian war
tax. "The trivial payment of 80 cents
share which Dome would have to
contribute 70 this war taxation will be
paid with the greatest pleasure, not
withstanding that l own over one
quarter Of the outstanding stock" he
declared.
Asked how the tax would affect the
International Nickel Company, OF
which ne IS a director, Mr.. De Lamar
said that the company was a New
Jersey corporation and therefore not
taxable in Canada. One of the sub
sidiaries, however, is subject to the
faT
New-York tribune., 1916-02-18

Special Liverpool cables spot cotton
moderate demand: SALES. 1000 bales specu-
iation and export. 5000; American 4.OOg.
Imports. 1000. an American. Mid.upland'
SEA. Futures opened steady. 3 20 4 points
bigber Closed steady AZ "a net decline Of
a. poirfs Narch-April. 9.6fl.d. May
June. I6lf3d July-August, 1.S6 I'd Octo-
ber-Noycmbcr. 1924 ID January-f ebruary
90i.d Manchester Yarns quiet olt
steady. cloths quiet.
New-York tribune., 1916-02-18
METALS

Conner was firm, with electrolytc quoted
q, 2sihc for nearby and 20 64m2liac for
June and later delivery In London COPPER
closed at flOl los for standard spot. ilO2 Tor
futures and at sl36 l0s for electroly tc spo-'
With sales OF 200 tons spot and 800 tons
hence ras steady. with spot in five '0n lo'-
Quoted at M.55a4225c. In London tin
closed at flsi for spot and fut-lc5. wisA
sales OF 20 tons spot and 90 ton iutur
lad. firm: New York spot. g. &C. anu
East St. Louis. 6.20c. The Amerie"
S,nelt;nc and Refning Go. quotes lead 30
& sOc for New York delivery and ~ 6.Z2 b,
for East ST. Louis. In London lead closed
a. $40 for spot and at f32 5s for future
Soelter strong. prices nominal In London
spelter closed at flO2 for spot and at A5i
for futures.
New-York tribune., 1916-02-18

SiI Thomas Shaughnessy, president
y The Canadian Pacific Railway,
alsd attention yesterday 20 the need
T. zone amendments 20 tho proposed
a IN Canada on the extra earnings
number Of corporations. lie said
sa' IN its tentative form the tax
sssa'uie was ineQuitablc in that some
Vihatlsn companies which have is-
1sd their share capital az fully paid
a'9t have oceans Of water between
ar net revenue and the proposed
~ whereas others would have 20 suf-
:. 81 because they actually had obtained
~ heir stock i's face value and, in
l.1oor d ------c--- n.nu mnr--
New-York tribune., 1916-02-18

h fundamental economic idea
.N -s' where men can make "a profit they
y. ~ make 10; and all tho government
..sS 80 and regulations iu existence
~ hot stoD the operation Of what
- practically natural laws. They
j. II hlnder their working but they are
y canning un an energy that
..'.ll'asliy win prove destructive. Ger
ys efforts to regulate her foreign
sr;;l4ages i; arr proving more success
- WmporarilU than Mrs Parting
=. ,' endeevors with the ocean, and
- a. elakesh'it they arc likely 90 prove
g'uVe-but only as maEeshift
-. -! nave not, 10 seems. been able 90
s"eht new decline I'm marks here
= rpn1ce' yesterday of 1l'4 cents for
~ taough as yet they have kept
~. from reaching their former low
New-York tribune., 1916-02-18
G laraniy Trust Company
Of New York
CABBAGES

So. Bermuda. crate. 5OcG 81; CABBAGES,
Danish seed. ton, Slm sll. white. Dbl. ooco
81: Savoy, 6JcM 81: red. ton, sZOW 50 Dbl,
81 .5Olr Sl.15. : c, crate. 6OcH 81 j IA. new
basket. coca Si.2j crate. $l.2J1f sl.ly I'll
ll.Y CABBAGE. state. crate. 2O' zoe - + ia; "a;
sI0iSl.25: CELERY. Fla. l2-inch crate. Sl..O
lf<2.I0: Cal, case, Sl.5OW s4.Z? OAtli-
FLOWERS. Fla. basket. SL25W Sl.io "a,
pony crate. sl.b3u Loo standard S,sVe, -
fs.z5: CHlCORY. New Orleans, Dbl. So
s32I: Fla. basket. Sl.25N Si.I5: CELhRN
KNOBS. basket. Sl.5OHs2; ESCAROLE, tla'
basket sfMsi5O: New Orleans. Dbl. SZ.ZlW
S2-5: EGGPLANTS. Fla, box, Sl.Z3M 500
Cuban, 15cWS2.25; Isle of Pines, Slm so {.
GARLIC. lb, 3ql4c HoRSER1AADlSH, 5Vo'
lb. 5MS5.5O; KALE. Va, bbl. s3cn 81 :
KOHIRABI. New Orleans 100 bunches, S2W
81: ria. crate. sl.25M $50: LIMA BEANS,
10, basket or crate, S21f S3.l5 Cuban, crate
s3HS3.5O: LETTUCE. $ G. basket. $3.50
S22I. Fla. 5Oc1 $3.50: LEXIS. nearby, 100
lunches. Sl.j0WS-; New Orleans, szG s. :
MUSTARD. New Orleans, bh,. SlM sl.oo ;
ONIONS. Cuban. crate. So Conn Valley
yellow. bag. spa $3.50. state and Me'-ern'
raIl.q. sIlfS2.5O. rcd. Slf S2-1 Orange
County. yellow. 15c1i sl.f5. red. 'acW sl.2y ;
white large, crate or basket. sI.'0" 9@.oV D.
OKRA. la. carrier STA s-.3U. n..Net' r..
$3.50: Cuban. carrier. slW$I.-7 basket
SI750S2; OYSTER PLANTS, 200 buncnsa'
s2Usi: PEAS. Fla. large, basket, elW - :
small. sfMs3; PEPPERS. Fla. box, SlavN
$3.50: Cuban, 50cNS2.50; Lie Of Pines, sisl
80 Nassau. carrier, poor, 81. FANSLE - ?
New Orleans. curly. Dbl, Sass plain 500
So. Bermuda. crate, S2.250 500; PAR
sNlPS. bbl. SI.25mSi.5O; RADlsHES. 5 {.
basket. T5cMSI2J; ROMAINE. Fla. basket
-0cnsl.25: Bermuda crate. 50cuSl; New
Orleans. bbl. SlN Sl.50; SPINACH. Va bol'
siMSI.15: SHALLOTS. New Orleans. bol.
s2 5O1l $3.50: SQUASH. Hubbard. bbl, Sl.i5M
81; Marrow. sl.5ONSl.75; Cuban. white
box. s2NS2.5O: TURNIPs. Ru,abaga. Dbl or
bag. 75cnsl.l2; old. white. bbl, 80 ST. :
New Orleans, white SlmSl.5Q; TOMATOES
Fla. carrier. sl.50H $3.50 Cuban, Sl.to" - /,
Nassau. slM22.5O; WAIERCRESs, 100
iursbas 81
New-York tribune., 1916-02-18
uoTuoUsE PRODTCTS.

BEET GREENS. box, Sl.30; CUCJ NJ
pERS. dozen. 75cU 81: MINT. dozen bunche-'
-0lte0e. MUSHROOMS. white. Alb basket.
si 25olsi. 80: cream. Sll0W Sl.40; brown. 81
mslg5; buttons. 15cN 81; fats and opens.
s0lf -5c. RADISHES. 100 bunches. S2W 50 ;
pHUBARB. Mich dozen bunches. 2'" )oc /;
''felts Il. state. dozen small hunches. so"
Csc: Nich. 85m 60c TOMATOES, 10. lOH2Jc.
New-York tribune., 1916-02-18

COTTONSEED OH.

The market for cottonseed oil was firm
and higher early in the day: in fact. price
r,led firm until toward the close. when there
was some active selling prompted by the de-
ci;na in both the lard and cotton markets
and final quotations were % 20 points net
lower Range of prices
New-York tribune., 1916-02-18
PUBLIC UTILITY NOTES
General News and Earnings OF Various
Corporations.

Subsidiary companies Of the Ameri-
can Power and Light Company report
gross operating revenues amounting 10
S735, JAG for January, which was per
cent more than was earned IN the same
month last year. Net earnings aite'
expenses totalled S366,Ol3, an increase
Of approximately Z per cent These
companies also report for the twelve
months ended January 81 gross IN
come Of $7,365,7 being more than
1888, 600 greater than in the preceding
year, or nearly 3 per cent. After allow
ing for operating expenses, net reye-
nues from subsidiaries tOtalled 33,4'1-
562. an increase Of more than per
cent
New-York tribune., 1916-02-18
COUNTRY PRODUCE MARKETS.
New York. February l.. 1916.
BUTTER.

Reee,pts. 7l-8 pkgs. Stock coming m
irreo1tlarly aud some houses were snort OF
the fine table grades. prices advanced '2c
market strong 40 the higher rates. One hun
4-'.I ,,,h. creamery extras sold on change az
g-.- % tubs at 341sc. p tubs at 3i"sc. lh'
ligher scoring lots sold up 20 Soc Creamery
extras tsZ scorel. % .1I3jc. higher scoring
.ll.1f36c: frsts, 30H3ic; seconds, 2id -9c
thirds. Z5mZ6lsc. creamery. held, extras 's-
scorel. -"c; higher scoring ~ ." 9-.
frsts. 21i. .NZsi.c; seconds. p "a 90
Thirds. 23Gf-ii.c. tate dairy, finest. 35M lc
oo1d 20 prime. 2sM3-c; common 10 fair, 2Zfi
$50. renovated. extras, 2fi. % l2c; hrsts,
23G23isc. lower grades, 20. mi1alioi.
creamery. hrsts. Z3H 2ic; ladies' current
make. frsts. 2ZM2Zl.c. seconds. 2lc lower
orades. i9isG20Lc: packing stock. June
make, fne. 2iHZiis &c; current make me-
bic: No .. 2On20i-c: lower grades. loA
CHEESE.
Receirts. 100 boxes. Skins firm. state
whole milk. hello. hat'. ooiored, specials.
]. &C.; white. specials. Use coioree' aFeias'
fancy. lsc. white. average fancy, l'.ic. cur
icnt make. fats. specials. l-c; average
fancy. l-WI1i,c. held. oheddars. specials.
Isle: held. daisies. specials. ls4nlo '2c
held. twins. specials. lstfl-hc; All STYLES.
undergrades. llNl6@tc. Wisconsin, whole
milk. fancy. twins. loH ls'tc' cheddars'
Isle: daisies. lsHlsiac Young Americas.
gOsl 2Oi.c: state. skins. held. specials, l0d
I64c. current make specials. l4H, - lte
fresh. choice, 14ft Hl4i.c fair % good, l2ll
mI4c; lower grades. Ji3Wl2c.
EGGS.
Receipts. 1883 cases. Fresh gathered.
extras. dozen. 25M26c; extra frsts. 24N
2iiac: frsts. 23N23i-c; seconds, 2l en
22i .c; thi>is and poorer 2O"2le; dirtles'
I6f l1c. uudergrade checks. l5ff Be-. refrig-
....+,- h..t 100 zoo. fair % good i4N lhc
New-York tribune., 1916-02-18

Receipts. 200 head two and one-half cars
on SAFE. Market steady. light 10 medium
weight hogs sold ~ ss.40assS.i5 per 100 Do
rough5 az S..Z5. country dressed hogs steady
II al lie uar lh.
New-York tribune., 1916-02-18
INACTIVE STOCKS.

The following table gives the closing ;,gg
hid and asked prices for stocks whicn
are listed but which were not dealt !"
o1 the Stock Exchange Thursday
New-York tribune., 1916-02-18
CALVES.

Receipts. 405 head 363 head on sale.
Id. culls. s1Is8j0. barnyard calves. S5.j01
SIS: yearlings. s5nfj.50: city dressed veaa-
steady at l5Q 2Oc; country dressed az l2'. %
New-York tribune., 1916-02-18
NEW YORK PRICES.
CHICAGO PRICES.


Coffee market was fcferish. With quick
price change. and 40 the close oi tne day
was 90 the lowest. with net losses oi 9 to DID
points. The volume OF business was some
what smaller than on Medne ,day. but ot
fair proportions. total sales being 1900
bays
lilo exchange In London showed a decline
Of 5-32d from Wedne days report, and TINS
was thought 20 indicate some uneasines5 in
financial circles in Brazil
Cost and freight offers were comparatively
little changed for the day. but the undertone
was firm. with Santos a. quoted 40 lO' .'
l0.3Oc for so day shipment. London credits.
while Rio Us were quoted at 9.l5c for prompt
shipment, London credits and $500 for 90
day shipment American credit.
The spot market was fairly active and
prices were firm at ei,c FOR Rio s.
Rance of prices
New-York tribune., 1916-02-18
sHEEP AND LAMBS.

Receipts. 1000 head three and one az
cars on sale. Market steady common 10
prime lambs sold at SlOuSiZ per 100 10 :.
cuils, $3.50. sheep nominal. Dressed mutton
firm al lONlfc per 10. dressed lambs az
I5i.Hlsiac; hog dressed. l0c; country
dressed hothouse lambs steady at SlOnSl4
n.r curca..-
New-York tribune., 1916-02-18

Tweny-Year 500 Convertible Sinking Fund Gold Bonds
March, 1916 Due March l. 1870
Iuer-ta September
Authorized s5O,O00,C0O
To issued il ma %Gs.. @ P5onH1".s c sa.sl G sh stock " "
int pit 1t. :tss s,ss ss es s caleb si ;' 70: re. "
s dso.n Of 0f oSs a e % Convertible %
% s Fs%s % , SINKING iGo s1 %
R"-b'H % , sp' % % t .es st s on % % % % p"ssf f "
Application be bewdeolst o the New York Stock Exchange
Guaranty rru. Company o
We have received letter e. of the Mid
dated February 6 1916 copy OF when VIII
of the letter summarized
of the MhivleSee Company
The provide that while of these bonds are out
sanding Mnvle Steel and Ordnance Company wl not pN or
place any mortgage Of its property excerpt purchase money
The bonds arc be stock Of the Cambria
quirdor o be acquired by the Company
initial pledge of stock of the Cambria Steel Com
tHan2 be acquired with proceeds
o the of Steel and Ordnance Company stock stock
NJ pledged basis OF any ISSUE Oon A1u
Cambria Company than S25Oooooo in exec" of the
prNceds anyt outstanding
working capital Of Steel Company bal
sheet of December 81 1919 showed working capita Of Of M ~l
Ordnance Company and its subsidiaries applicable % m to ,ops m T1
on the total authorized ISSUE
and interest end sinking fund requirement
@ s, @ russell Esf' a @ '? @ @ si,1 s ts. sa . .si
% sg M.a F5H Sssp@ H s s' "586
Subscriptions and if issued and delivered red to us us will will
received by the undersigned at " ana 'I IoIs
option We to reject subscriptions in whole in part
not sr sH1a,s % the %%s ss%%s and figures presented S' out ~ " ~
Guaranty trust Company Lee Hggmcn Co. The National City Bank
New York OF New York
New-York tribune., 1916-02-18
BOND SALES on THE STOCK EXCHANGE
THURSDAY. FEBRUARY II. 1916.

Trading York Stock Exchange Thursday amounted
S33OO0 week and $2o0OO
se567 600 agairat sg09eOOO in 1915