davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
July's Fat Disbursements.

July dividend and interest disburse-
mcrts probably will exceed the S225,-
100000 mark, according TO the banking
house Of Knauth, Nachod & kuhne. In
their current circular discussing the In
vestment situation they point out that
owing 10 the resale Of foreign owned
American securities TO this market the
amount required for paying interest
and dividends 10 foreign investors Will
be much below the sum usually re-
mitted al the end OF the half year in
any Of the last twenty years. But IN
sp.te Of the European selling that has
taken place they say there exists still
a good demand for high grade bonds
and seasoned dividend stocks. Sales
from abroad Of American securities
since the beginning of the war are
estimated roughly at Sl,750,0000
while it is believed there are in addi-
ton fully Sl,000,0O000O still lodged in
Great Britain which will be exposed to
the new British income tax If the hold
ors remain obdurate and decline 20
Furrcndcr them
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
Combination of Peace
War RumorS Is Too
Much for Market.
cRUCIBLE DIRECTORS
ACTION SURPRISES
Talk of Larger Atlantic Coast
line Dividend-Sterling
Exchange Up.

There have been some duller days on
,se Exchange this year than yesterday
hut not a great many. The perform
snes wss characterized as stupid and
about the only excitement Of the whole
session came in the last hour. Total
dealings for the day fell to around $780,
o0o shares. OF which Steel contributed
o. 600 and Reading 27,5OO. These were
che two big features" Prices fuc-
mated narrowly most Of the session un-
III shortly before the close. when the
whole list took a sudden dip on Wild
story from the Exchange that the ma
,ional guard had been called out for
duty IN Mexico. About the same time
,sace talk bobbed UP again and Wall
Street had the spectacle Of the stock
market declining on a combination of
war and peace rumOrS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
MILLS Q GLIB ASSETS
FAR BELOW LIABILITIES
Difference of S3OS,235 Report
of Receivers Shows.

The liabilities OF the Mills & Glib
white goods firm exceed the assets by
s30S, 235, according to a statement is
sued last night by Joseph B. Martin
dale and J. Harper Poor, receivers for
the concern. The assets are placed az
S5.074.976, and the liabilities At So
3s3,2ll.
The balance sheet OF the receivers
shows that S795.s4l has been ad-
vanced by Mills & Glib 20 William ].
Evans, president Of the firm and noted
art collector Since these advances are
carried as assets, the receivers are evi-
IDENTIFY convinced that the sale OF some
OF Mr. Eysns's Fourth Avenue business
buildings will insure repayment OF zoe
sums.
The inventory OF the firms nierehan-
disc is placed az s2.227,0l0, and the
value OF the building IL occupies q
Fourth Avenue and Tweniy-second
Street AZ S950,OO0. The good VIII ~
estimated at an even 100000
The liabilities column shows no ono
outstanding 20 the amount OF sz'SlO,voo,
and Sl92, 900 in loans made oy ioie'1"
banks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
Sterling Firmer.

Stfening Of the sterling rate in the
focal exchange market yesterday was
e>ge, brokers said, TO the raising Of the
pen market discount rates I'm London.
Rates in Lombard Street were reported
up one-haf Of 1 per cent following
Joint action Of the Bank Of England
and British Treasury officials, move
apparently made with the avowed pur-
pose Of helping the sterling rate. De-
s~nd sterling got up TO S4.757s late in
70 day, compared with a low earlier in
the week of S4.75%. Bankers here pro-
fessed 10 see in the rise in the London
discount rate a rejection Of the frmer
zane IN the NoF York money market.
igh rates z. London would, 1t was
aid, induce local bankers who we're
neparing 20 withdraw their balances
.s)road 70 take advantage Of the better
ending terms on this side to postpone
such action.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
NEWARK STRIKERS co
ELSEWHERE FOR JOBS
200 Machinists Depart for Rich
mond-30 Shops Surrender.

Many Of the 5000 machinists and
toolmakers on strike in Newark are
leaving the city in response to offers Of
work elsewhere. Two hundred left yes
terday afternoon for Richmond and
smaller groups went 20 other cities.
Thirty Newark shops have agreed 20
the mems demand for an eight-hour
day. Sixty shops have not answered.
Several hundred girls employed IN
the Western Electrical Instrument
Works, in the Waverly section Of New
ark, walked out yesterday morning. and
employees Of the Crocker-W Wheeler Com.
pany, In Ampere, also struck Samuel
r. Young, Of the strikers executive
board, said that general strike would
be called to-day in the Otis Elevator
Company's factories IN Harrison, y. j.,
Yonkers and New York.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17

When the Louisville & Nashville di-
rectors increased the common stock
dividend from TO 2 per cent year
they incidentally added approximately
9785. 900 annually TO the income Of the
atlantic Coast Line. the latter owning
S86.72OO0O Of the S72,000,000 Of Louis
Vile & Nashville common outstanding.
Yesterday Wall Street looked for the
Coast Line directors TO follow the suit
Of the Louisville management by re-
storing the common stock 10 the for
mer basis of per cent Aside from
the increase return on its investment in
Louisville e. Nashville. earnings OF
Coast Line for the fiscal year ending
this month are estimated at close 20 10
per cent. against 6.26 per cent actually
earned in 1915. Like Louisville & Nash
Vile. the Coast Line Company was com
PEELED 10 reduce its dividend Of Z to B
per cent early in 1915. Dividend &C
ton is expected in the course of the
next few DAYS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
CONDITION FIGURES
HALT COTTON SALES
Private Report Showing De-
terioratiOn of IA Per Cent
Turns Market Quiet.

Bullish private condition figures
checked an early selling movement in
the cotton market yesterday, but failed
to promote any important buying. Trad
ing was quiet during the entire day,
with last prices still showing a net loss
of from 2 to points.
The market opened at an advance OF
3 points TO a decline of points, but
very soon turned easier. There was a
little buying here for Liverpool &C
count and some further covering, but
scattering short accounts seemed 20
have been pretty well eliminated on the
bulge of Thursday, while the Liverpool
buying was much less active than
earlier in the week Prospects FOR
clearing weather in the South and the
continued absence of scattering CROP
complaints from private sources disap-
pointed recent buyers for turn, and
the decline, which carried active months
s to 8 points net lower before the END
of the morning, seemed chiefly the re-
suit of liquidation. The market stead
led around 1899 for October, however
and rallied 20 about 1924 for that posi-
ton during the afternoon on covering
inspired by a private crop report indl
eating a deterioration Of IA per cen
in condition for the first half of the
June period, and a more favorable view
of European political advices. Moder
ate rallies were barely maintained
however, and the close was within Of
points Of the lowest.
The Giles report made the condition
of the crop SOL per cent as Of June ii
compared with S21 per cent toward th'
end Of Nav. This deterioration wa
attributed to low temperatures and we
weather. and the bulk of 1t was said q
have occurred since June 3, but SOM
were inclined TO compare the hgure
with the governments end Of May con
dition of 77.5 per cent, which probably
accounted for its failure to inspire
more active demand. Weekly statistic
showed an increase of 5000 bales in tn,
stock of American cotton at Liverpool
but owing to the mill holiday in Ian
cashire the spot business there hal
been restricted for the last severa
days, while the increased export move
ment from this country was largely a
the expense of stocks at the counted in
terror towns. The into sight for The
week was only 52,957 bales, while spin
ners' takings of American cotton were
1916 bales. and exports for the weei
amounted 10 96,92S bales, against So,
$50 for the same week last year. TIT
worlds visible supply of American cot
ton is now 2,7T4.3l1 bales, compared
with 1901, 427 last year. Southern spo
markets as officially reported were un
changed.
Range Of prices.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
NEW TRADE PLAN
FOR ALL AMERICA
Big Newspapers Unite to
Establish Bureau in
Buenos Ayres.

George A. March will sail for South
America to-day on the Lamport & Holt
liner Vasari to carry out an enterprise
designed to increase trade between
North and South America. He will
make his headquarters at Beunos Ayres.
Mr.. March went to South America a
year ago to make preliminary survey
Of conditions for a syndicate Of six
newspapers, headed by 1.-THE New York
Evening Post" The results were so
satisfactory that other newspapers were
invited to join, and 1t was determined
to make Mr.. March director Of the
South American bureau Of the follow
ing publications:
1.-THE New York Evening Post" "The
New York Tribune" "The Minneapolis
Journal" "The Baltimore Sum-" "The
St. Louis Globe Democrat" "The Cleve-
land Plain-Dealer," 1.-THE Buffalo Even
ing News" "The Boston Globe" The
Washington Evening Star" 1.-THE Chi
cago Tribune" 1.-THE Chicago Daily
News" "The Philadelphia Record" and
1.-THE Pittsburg Post"
Mr.. March will take back with him
data on trade conditions in the United
States and will be prepared to express
the sympathy which has grown up be-
tween the two Americas. Mr.. March
believes the South American republics
are anxious that North American cap
italists and investors should realize the
vast possibilities which exist for the
investment of capital in the develop
ment of their countries. American
business men, in turn, want new mar
ket for their manufactures and are
willing to meet South American buyers
on the terms they previously enjoyed
from Europe. -,
The syndicate headquarters will be
at Lavalle 34l, Beunos Ayres, Argen-
tina, where firms anxious to obtain
Latin-American business connections
are invited TO write Mr.. March.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
Quicksllver's Big Dust. -"

As the market price Of quicksilver
continues 70 slip lower one wonders
what has become of the crowd reported
earlier in the year 20 have cornered
the worlds supply Of the metal. The rise
and fall of the slippery metal has been
one of the most spectacular develop
ments In the whole war market. Mer-
curry started rising shortly after the
war broke out, when it became known
that IL was a necessary constituent OF
hich power explosives. Il started
around SEQ per seventy-fve pound flask
and climbed by leaps and bounds TO
$500 That price was reached last
March Then something happened and
the market went the other way. Yes
terday the price stood al SEQ, OF just
barely above where 10 started.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17

deliveries and 2od2aLc by leading producers
FOR October and later The London market
was quoted fil3 for spot and sil0 for fut-
ures; electroytic spot fisc Til on the
New York Metal Exchange was weak and
quoted i2c asked IN lots OF five tons each
The London tin market was quoted flT8 for
standard spot and fl7s los for futures. with
sales OF 10 tons spot and 200 tons futures.
Lead weak New York spot 6.9Oc asked and
East 81 Louis $3.50 asked. London lead
f3l rs Sd FOR spot and Gal for futures. Local
spelter market nominal; East 81 Louis l3c
asked for spot. London spelter f65 for spot
and 500 for futures.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
French Banks Gold.

international bankers expressed much
interest in The Tribune's special Paris
cable yesterday which told Of a new
item I'm the weekly statement Of the
Bank Of France. Yves Guyot's refer
once 20 the banks gold reserve abroad
was what interested the bankers. IL
opened up a broad field of possibili-
ties. The banks gold stock abroad
was put at 100000 francs, an in-
crease OF 1OO.00OO00, and the best ex-
pl&nation obtainable was that n con
si3erable amount Of French gold was
being held In London for special ac-
count The suggestion that the gold
might be held IN Canada as the result
Of a triangular operation was not cred
tied
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
Gas Fumes Almost Kill Two

A defective gas Jet In the home Of
John Dorant, 400 Bushwick Avenue,
brooklyn, nearly caused his death and
that Of his wife yesterday. Dorant
awoke. choking, and with difficulty
reached q window lie discovered his
wife insensible. Neighbors who had
been awakened by the fumes Of gas
in their rooms were making an in
vestigation when they found Dorsnt.
An ambulance surgeon was occupied an
hour treating those affected.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
CHICAGO PRONIsIONs.


There was a further rally IN the market
Cor coffee futures here yesterday. IL would
seen, tbat cost and freight offers from Brazil
have not shown the weakness that recent
sellers had anticipated. and with scattering
lony accounts pretty we'll liquidated offerings
have tapered OF. and prices advanced to-day
on a moderate demand from trade interests
and covering The close was steady at
ret advance Of 90 j. points. with sales re-
ported % 1880 bags.
december contracts sold up 20 s.5Oc and
March TO s.64c. or about % points above the
iov, level OF the week. and closing prices
we're within n point or two Of the best j ne
demand was hardly general enough 10 indie
rete anv revival Of outside interest however,
and ne Improvement in futures was not
shared by the spot market as demand con-
tinued Quiet and prices were lic lower for
10th RIO and Santos grades The only freah
o.rers reDortod in the market here OF santos
"a we're at IO.400 l0.60c on London credits.
OTicial cables reported an advance OF 10 res
ir he Rio market with Rio exchange l.old
lover while Santos was unchanged; Receipts
M he two Brazilian ports we're z5,OOO bass.
ogair.t 1900 last year. The spot InarSet
va dull 40 9Lc for Rio Is and lOesc ior
Santos IS. Range of prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
CUBA CANE co. EXPANDS
Directors Vote for Purchase OF Stewart
Sugar Company.

Directors Of the Cuba Cane Sugar
Corporation, at a meeting yesterday,
voted to acquire the Stewart Sugar
Company, whose properties are located
IN the eastern part Of the island. The
output Of the latter concern is 100000
bags a year. Payment will be made by
the parent concern out of its cash re-
sources, estimated at $20,000,OOO.
The Stewart company, incorporated
in New Jersey in 1907, has S25OO.O0O
stock outstanding and funded debt
amounting to S2,750,OO0. English in
terests are represented on the board.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
Real Arrest Follows Threat

William Andres mother unconscious
" caused his arrest yesterday on a
charge of burglary. She objected TO a
revolver the lad kept in his room at
535 Ninety-second Street, Brooklyn,
and. when he refused 70 throw it away,
called in the police. In the lads room
they found not only the revolver, but
four cameras, twelve watches, candy
and an expensive pipe. Adolph Free
man, a confectioner, claimed $50 worth
81 the prOpertV
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
DAYTON Power and Light.
Russian Loan Big Success

The new S5O,OOO,OOO Russian loan has
proved to be a bigger success than the
underwriters had expected. 1t was
learned yesterday that practically the
entire issue had been subscribed for. by
institutions not only in this city, but
in other parts of the country. 1t is
planned that the subscription lists will
be kept open until Monday to permit
of a wider participation.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
New M. K. T. Committee

A protective committee for the first
and refunding per cent bonds Of the
Wichita Falls & Northwestern Railway
Company, a subsidiary Of the Missouri,
Kansas & Texas, has been formed. The
members are Elisha Walker, chairman;
j. A. Kemp, R. Walter Leigh, Merle B.
Moon and G.. r. Walker. The commit
tee IS not requesting deposits of the
bonds.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
BRIEF WALL STREET NEWS

A gain Of about s85,0O0,00 in cash
bv the banks is indicated by the report
ed currency movements this week
There was a gain from the interior of
1881 900, shipments including Sl,766,
600 national bank notes sent 10 Wash
ington for redemption. Gold amount
ing 10 Sl5,950,000 was imported from
Canada and S250,000 was exported 10
Spain. Sub-Treasury operations proper
resulted in gain Of Sl7,95S,OOO.
Earnings Of the Louisiana & Arkan-
sas Railway Company as reported for
April totalled Sl59,lS2 in gross, an in
crease of S1S,497 over that month in
1915. Net income after expenses and
taxes was s67,O1S, gain Of S26,9l9.
An initial dividend of $3.50 share
on the preferred stock has been de-
clared by the Northwestern Power
Company, payable July / 20 holders Of
record June 20.
Directors OF the Packard Motor Car
Company, IL was announced yesterday,
have declared 80 per cent stock divi-
dend on the common shares, payable
August l TO stock of record June is.
A review Of the Argentine railways,
written by Leopold Grahame, is being
distributed by Renskorf, Lyon & Co.
J. 6. Bache & Co. will open their
branch Office AZ Saratoga Springs on
June 10.
The board OF managers Of the New
York Cotton Exchange has voted not 20
close the exchange on July 3.
Charles d. Barney & Co have opened
a branch Office in Newport, K l.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17

liverpool cables-Spot cotton dull, point
lower az s.25d for middiing upland sales,
8 900 bales, including 1000 American and
800 speculation and export: imports. 5000
bales. all American; futures opened easy az
steady at a net decline Of 3Q4 points. july
Aug, 7ssd Oct-Nov, 2ad; Jan-Feb.
7.63d; Mar-Apl. 7.s2hd; May-June. 7.5ed;
Neutrality-suspicious. and cloths duh and
steady.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
PROVISIONS.

The market for hog products was moder-
atcly active and more or less feverish. Early
In the day there was considerable pressure
Of liquidation and prices declined 20 below
the final of Thursday. but toward the close
u frmcr tone developed and final quotations
we're st the best Of the day and showed a
good net advance. 10 was said that the hogs
coming in at present are of light weight. and
this was having q sustaining influence on
values Receipts OK hogs at Chicago were
10000; estimated for Saturday. 1900 Kan
sas City received 1000 and Omaha 5000.
PORK steady mess, Sz50 $3.50 family, S26
0s28; short clear, E22.50d $3.50. BEEF
steady: mess. Sll.5O0 fl8: family. Sl9WSZ0 ;
packet. SlsU SIG; extra India mess, S29lt $50.
DRESSED HOGS firm bacon. l3isc; $50 lb,
1880; $50 Do. l3i1c; 40 10. 1890; pigs,
14itc. CUT MEATs-Pickled bellies steady ;
10 Do. l5atc. H. Do. 1890; IA 10. l5o picked
hams firm. lCihMl1i.c. TALLOW steady /;
Ga.c. LARD firm; Middle West l3IOU
lsZOc; city lard firm. I8Nl8ikc; refined lard
quiet. Continent 1880; South America,
l415c: Brazil kegs. l5ci compound lard
quiet. Il1sMl2itc. STEARlNE steady; oleo.
IOltc; city lard stearine. 1870.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
LIVESTOCK MARKET.
New York. June Is. 1915.
BEEVES.

Receipts. 1892 head; rs cars on sale.
Choice dry fed steers firm; Others steady
fat bulls steady: others steady TO slow; fat
cows slow but unchanged in price; medium
to good weak and l0gl5c lower; bologna
stock steady: ordinary 70 choice steers sold
A. seqsiO7O per 100 ID bulls AZ S5.25gt9
/ extra AT s9.25: cows az SAC ss.25; tail
ends AZ $3.50. Dressed beef in moderate de-
mAnd at l4gl6ne for city dressed native
side
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17

The market for cot,onseed oil was sgain
active and prices moved IN an Irregular ana
-'-,.,,,t.t ft,erish manner. Early in the day
.t.-s was a sharp break under active lqlida-
ton and selling on stop loss orders. Toward
,be cio.e of the day shorts were more dis
..,..ol 10 cover and the market recovered part
N he loss. but final prices were net I'M
changed % points lower. Range OF prices :
49,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
CHICAGO PRICES.
FLOTR I'D MEAL.

The -four market was inactive and prices
were lower owing 90 the weakness IN wheat
and q disposition on The part of sellers to
S1IO0s525. choice TO fancy S5.85N $3.50.
CORNMEAL steady. kiln dried. S4.lO. BAG
MEAL. fne white and yellow. Sl.75; coarse,
Sl.62. FEED. city steady; bran. bulk.
S226O; 100 lb sacks. $23; heavy middlings
90, S2l: flour middlinrs do. $50; red dog
-four. 40 Do sacks. $3.50: Western. quiet
bran. 100 20 sacks. S22ms22.5O: standard
middlings do. S2f; -four middlngs do, $3.50 ;
red dog -four. 40 ih sacks. s3l.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
PUBLIC UTILITY NOTES
General News and Earnings Of Various
CorporatiOns.

The Standard Gas and Electric Com
pany announces that the entire out
standing balance of its issue of $1,000
600 collateral trust per cent notes
dated June /, 1918, was paid on June /,
1915. and that now all short term ooll-
cations have been disposed OF. Inc
company's outstanding convertible D
per cent sinking fund bonds, due 1928,
are being reduced by S1,9li 800 with
funds secured from the sale to the
Northern States Power Company Of its
holdings Of Northern States subsidl-
aries bonds at call figures. This re-,
duces the present outstanding bond
issue to S7,040,500.
Toronto Electric Light.
The Toronto Electric Light Company
has sold to william A. Read & Co. and
the Dominion Securities Company, Ltd,
81 .00O.000 first mortgage three-yesr o
per cent gold bonds. The issue, II is
announced, is for the purpose OF re-
firing a similar amount OF bonds ma
turing July !. The Toronto Electric
Light Company does light and power
business in the City Of Toronto in COM
petition with the provincial govern
ment's system. The City of Toronto
has the option or purchasing tne cum
pany in 1919 at a price to be fixed by
arbitration, failing agreement as TO
price between the company and the
city.
Dayton Power and Light.
Further large increases in gross and
net earnings are reported by the Day
ton Power and Light Company in IT'S
statement of earnings for May. Re
turns for the month amounted 70 Sl22,-
$50 in gross, being an increase Of more
than 50 per cent. as compared with that
month a year ago, while net earnings
after expenses and taxes amounting to
S54,171 made a gain of over 65 per cent.
The balance Of surplus over interest
charges, etc, and after allowing for
dividends on the preferred stock, to-
tailed S2l 1902, an increase Of Slo,O65.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
British Columbia Financing.

= The Canadian Province Of British
Columbia has sold 70 Montreal bankers
nm issue OF 100000 ten-year az per
cent bonds. The issue has been dis
gibuted privately, according 70 New
ferh bond men, Bids were rendered
kshta market
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
S3.9OO.0O0 More Gold In.

Gold bars to the amount of S3,9OO,OOO'
received from Canada by J. P. Morgan
& Co. yesterday, were deposited at the
Assay Office. This brought the gold
shipped from ottawa on the present
movement up to $5765l. 900.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-17
CALVES.

Receipts. l.4lO head; s5s on sale market
arnn 20 25c higher; common 20 choice yesls
sold al $500 1925 per 100 ID; mixed Can
ada calves az 50; eulls and throwoun az Us
ESQ. Dressed calves were firm az l5i, g2Oc
per 70 FOR city dressed vea,s, i2n tor
country dressed.