davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
wirrs.

The position OF many Of the industrial
comp3n MES that nave taken large wa-
contracts and installed much new and
expensive machinery with which to make
war munitions. which is carried on tn.
books as assets. is not so pleasant a one
as would seem from first impressions,
according to a man who is a close student
of such matters. AT present these war
orders represent paper profits said this
nan, land as such they are somewhat OF
an unknown quantity, II seems to me
that with all the new and expensive ma
chinery which many OF the companies
have mad to install In order to AL their
orders their position is a peculiar one.
Unless the United States goes to war or
paredness much OF this machinery will
either have to be sold or scrapped after
the European war II over and present
orders filled. The position OF these COM
panies reminds me somewhat Of that Of
the old Western Union Telegraph Com
pany. You remember that years ago the
company's wires were strung along
Broadway so thickly that you could
ha d see the sky. Those wires and
poles were then carried as assets. but
in the end they either had to be strapped
or taken down and put underground.
That Is the position which many OF our
industrial companies now turning out
war orders are likely to he In shortly.
judging from appearances"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
THE SUGAR MARKET.
Raw Quiet-Rrhnrd lnchRngrd-
Sales Of Futures 0,t5O Tons,

The market for raw sugar was Iuiet. with
out new business. Prices remained un.
changed on the basis of INC. for Cubas cost
and freight. equal to csc for ccutriflg al
81 test duty paid. E~fuer- were SAID TO lac
showluG a little interest early in the d,y AT
1'2" COS, amt frcl.ht nut later wIihi-ra
ana AZ the close were very indi i'.r.nt. The
principal disturbing factor IN the marNet
AZ present - the labor situation and the con.
ges'cd tram" ia the harbor There WERE
several cargors of sugar shirt II was
thought holders might he forced 30 sell on
account of the difficulties being encountered
IN handling II, but late YESTERDAY afternoon
II Wa sad that this sugar was hem. loaded
on the harges and would Ne placed IN store
as owners were not disposed 10 make con.
crsslous
Refined sugar was Qui-, and unchanged
~. 80 - --'c !c- Src s-aru,a,ct
In tho market for sugar futures there was
moderate trade, total sales amounting to q.
~ tons, nut the uniertone was slightly easier
ana hnal quot tions were UNCHANGED TO r
points net lower. Longs were iisposcd IN
liuuida'e on account of the inactivity IN tho
spo, position, but the trade a, large was
Inclined 10 take a bullish view OF the sitI.
alton and there was moro or less buying for
outside account. mc!udiNg the West Prices
follow:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
Hard TO Sell.

Rock Island stock Is said to be very
hard to sell but easy TO buy. despite the
bullish demonstration made by the stock
on Tuesday and early on Wednesday.
A broker. telling OF his experience in the
market for Rock Island. said yesterday
that at three different times he sent or
ders tn his representative on the floor
of the Stock Exchange telling him TO sell
Rock Island at the last previous quota
ton. Each time word came back: mo
selling market at hat price. Bid lower"
The stock closed yesterday at 2OA.
of AZ points. The Chicago. Rock Island
and Pacific bonds also displayed an
easier tone toward the close OF the mar
ket. The 5s. after advancing from an
opening Of So to "A high OF 5Sis, sold
back to 56a. They closed AZ 81. The
~refunding As opened at 1874 and closed
AT 73ia. the low for the day. 1, was re-
called that such bullish demonstrations
In the securities Of a company about to
be recognized are somewhat customary
jus; before certain developments In the
process OF reorganization take place. and
that In spite Of them the market on the
selling side Is usually "A thin one. win
dow dressing Is the phrase usually APP
piled to.this operation. The am demon
STATIONS OF strength were made In the
Wabash issues previous TO The reorgani-
cation Of that property.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
The Values Of CaIamity,

1t seemed that the loss OF the Cymric
was looked upon as a bull argument for
the securities Of the international Mer-
cantile Marine Company. Judging from
the strength they displayed yesterday.
This In spite Of the fact that the liner
was one OF the biggest cargo carriers Of
the company. Wall Street was sur
prised to learn that so much deprecia-
ton had been written of on the Cymric
that she was carried on the company's
books at only about s33O, 900. she was
insured Tor about s495 900. Her actual
tonnage alu was, however. much
greater: owing TO the high charter rates
that rule at present. The fact tina the
Cy1mric was carried on the company's
books at such a low figure. coupled with
the insurance that will be received and
the assumption that depreciation must
have been pretty largely written OF on
the other boats Of tho International
Mercantile Marine feet. made what
SPECTATORS accepted as a bull argument
on the stock. This. coupled with the
reports that the committees representing
the various classes of securities Of the
company had apparently arrived at a
satisfactory agreement. led to a rise OF
~ points In the preferred stock OF the
company and a gain OF 1 point for the
common over the previous closing price.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
Union Pacific.

Those who banked on tire declaration
OF an extra dividend on mon Fac!ac,
though they had little reason for this
expectation from the action Of the stock.
were sadly disappointed when they
learned yesterday that there would he
only the regular disbursements. All
though Cnion Pacific recently sold up
10 1868. the high for the present year.
such a price was hardly an indication
that the stock. which pays S per cent,
would hc placed on the equivalent OF a
10 per cent. basis by the declaration Of
an extra dividend OF . ier cent. when
Cr!on Pacific did pay 10 per cent. i
ranged between 80 and ls6 dur Ing the
last year that rate was maintained. /;
is thus seen that II an increased return
on the stock was being considered by the
directors the price was considerably out
OF l're. That the company Is earning
nearly double SIS present dividend rate
and could afford 10 pay more IS admitted
hu, until some OF the problems that con-
front the railroads are settled. IL Is
believed in well Informed circles. thee
will be 10 extra dividends on Union
Pacific. In spite Of the disappointment
felt at the failure Of the directors TO
declare an extra dividend tho stock
closed at 1881. a gain OF u point over
The previous close.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

When the 400 men Of the United States
Steel Corporation who have been picked
to represent that concern in the Pre-
p~aredness Parade step into line every
man will he wearing a new four dollar
Knox straw hat and swinging a cane.
both the gifts OF the steel Corporation.
The bill for the hats alone is said to have
been $1,000. The men who march under
the banners OF the Guaranty Trust Com
pany and the Liberty National Bank will
be similarly QUILTED. At first the Steel
Corporation considered giving silk hats
TO the 400 men. but decided that these
would hardly he a proper symbol of
preparedness. as II was likely that the
marchers would have little use for them
afterward. while the straw hats would
be "just the thing" for the summer. 1t
IL only fair to the men who are going
to march and the institutions they rep
resent to say that all the men had
agreed to sign up for the parade before
they learned that they were to be the
recipients Of hats and
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
EASIER UNDERGONE
IN COTTON MARKET
Recent Covering Of Shorts
Has Made Technical Posi-
tiOn Weaker.
pIvERSIFYING IN SOUTH

cotton showed less firmness yester-
6ay. with rather more indication that
the market was becoming a two sided
affair. The technical position un.
doubtedly has been weakened by the
advance OF So n bale in a little more than
two weeks, and the improving character
Of the crop outlook. as we'll rs less de.
ebded convictions Of an immediate peace,
IA. promoted more or less prudent
pron, taking. After making a good ad-
vance In tho forenoon on buying OF
chiefly local origin, prices sagged In
m. late trading ana closed around the
bottom a, practically no change from
Wednesdays closing.
The third report OF the watkins Blu
,eau. published by II. F. Bachman &
Co. shows an acreage increase Of APP
oroximatcly "a per cent. thus register
ing a gain IN the estimate issued on
March Is. which called for An increased
acreage OF only So per cent. II Is said
tina. about II per cent. OF the crop
has been planted. compared with 60 per
cent. at this time last year.
The Texas traveller OF s. NJ. Weld
a Co. writes that crop conditions In
Texas are probably as favorable on the
average as at any corresponding period
within the past ten years. with the
exc p;ion Of 1912.
An Alabama spot concern writes to a
focal Arm as follows regarding the crop
outlook There has not been a large
an Increase In acreage as expected In
New York. but we in the South know
the changed conditions. and we have
not looked for II large increase In
acreage. The farmer has become q
different individual from what he was
fifteen years aso. He has learned that
the new markets which have opened to
him for his Investigation have rendered
him absolutely independent OF cotton.
SA Is shaping his affairs in such manner
tina, ne would be able to sustain himself
and make money without "A pound of
co,ton on his farm. Consequently. he
fnds Il 20 his interest TO diversity, and
that nat.:elly makes inroads into the
acreage that heretofore has gone under
cotton. The South Of course has no labor
question. The negro Is a part OF the
farm, and will always remain a part OF
the farm. But instead of being en-
pioyed in raising cotton he is using his
energies in stock raising. the raising
Of boss. in planting corn. peanuts and
q multiplicity OF other things"
The market closed steady.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
Bis Foar.

The recent strength and activity In the
common and preferred stocks of the
Cleveland. Cincinnati. Chicago and st.
Louis, the Big Four. IL %arousing consid-
cradle Interest In the financial district.
During the present week 1000 shares of
Big Four common md 400 shares OF the
preferred have changed hands. During
the previous week only 200 shares OF the
common were traded. and none Of the
preferred. OF this weeks total turnover
in the common 1850 shares changed
hands yesterday. The common closed
last week at 40h, while the last sale or
the preferred previous to this week was
made at 70H, Yesterday Big Four COM
mon sold at 80. up SIS points for the
week and bh points above Wednesday
close. The preferred closed ut rs. q gain
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
BONDS.
Live STOOL Market.

R.o.,. THURSDAY. May II.
accepts OF beeves were I,isO head,
"sIr.y consigned d'rs~t 10 siamshtsvsrs
f.nssse was no trade In live cattle. The
n,r,hs was steady. with fair receipts ex-
vase waco Tor Friday. trade. Dressed beef
dr.. nm a, ligithc. per. ID. for city
'"a TIPS, iegisc, for chIcks and plates.
elu,dt,rr..ipss Of calves were $50 head. In
staaa.ns 30 for the market Prices were
m sSay Tor al sort. o. live calves. Com
,iSS tiSSs rulis At ts;. mixed calves At $40
H. Dressed calves were steady at
9ni for city dressed veais; liz a.
"t,c, tor country dressed. "
h.Ht,''ipts on sheep and lambs were 2.?30
~. including ? cars for the market.
ssmgth we're nominal; lambs about steady;
To- ,,aatf, iamhs almost nominal. Common
:,.yaS%v per 100 lbs. Dressed. mutton was
s,eauy ~ l2al8c per III. dressed lambs
nsalshc, hog dressed at 80 :0H c, y:
n .g"cfy dressed dollhouse lambs at %
.,hecelp,s % hogs were s.Iso head. In
r.nns rather. more than q car for the
unehn Feeling steady and quotations
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
UNION PACIFIC RAILROAD co.

The regular Quarterly Dividend Of So 90
per share on the Common stock n, tnis
company has this day been declared. pay
able at the Tr,asUrors office. los Broad
WAY, New York, y, Y. on ~aturday, Jul, l..
1915. 10 stockholders OF record at 3 T.. NJ
on Thursday June |. 1916.
S~tp,huu.i' r. who have not already done
80 are urgently requested to NE divlirnd
mailing orders, with the undersigned, from
whom h.Lnk forms may be mad UPON APP
p.ct'Inr
New YORK, y. Y. May II, 1916.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
THE BOSTON MARKET.

BOSTON. May 1i.-There was no change In
The character OF the market for copper
shares. Prices continued TO move within mar.
row ranges. with trading uninteresting and In
small volume. Home rails were dull and fea.
tureiess. Atlantic. Gulf and West Indies was
n strong feature in the miscellaneous list.
gaining more than 2 points on active trading
Torrineton was also in demand NJ hrm prices
United Fruit and United Shoe Machinery were
steady but less active. The
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

The suit, which was for an accounting
ana dissolution of the partucr>A!p. has
been Withdruwn and an order NUcitiug
a temporary Injunction har been signed
Ia Justice prlehantN The partnership
l. solvent, The assets are tlil to be
s.Sou, goo, aud the liabilities. Il Is
claimed, DO not exceed $1,000.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
PACIFIC Gas AND IIrtrRIC co.

FTN~T TT'IT Ts7NINIsTT TIN TTIF.NNTI NJ
ORIGINAL. PREF ERRED DIVIDEND NO "
III" regular quarterly dltNItad OF $50
per srar" upon tho fg!l-pald FIRST Preferred
and Orir'nai pr'c"rr'! capita! stock OF
Ferruarv ). ,ala. ana ,%niinr hnril no
1915. VIZ hn pad hN ct'.k g. iu,.,ci NAV
10, l'lG. to shlrrho.1.r- Z record u, 400
O'Clock noon, Npfll g., '.It.
San Francisco California Anil -. 1916.
\ REPRESENTATIVES,,
Nice.Ir's!i"ut and TREASURER.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

Manufacturing plants continue 20
make active preparations for further
extensions. The orders come largely
from steel works. rubber. rubber tire
manufacturers and from chemical works.
The Firestone Tire and Rubber Com
pany. Akron. Ohio, has placed an order
for an additional factory building call
ing for 1900 tons of steel and the n. f..
Goodrich Rubber Company OF Akron,
ohio. has given an Ndcr 10 the Ameri-
can Bridge Company for l,siO tons of
structural. steel for manufacturing build
ings and shops. Tn" S;Tuthers Furnace
Company Is reported to have placed a
contract with the RIter-cunley Manufac-
turing Company for 1900 tons OF s,ruc-
tural steel for an open hearth building.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
LAvREI OF AND ols COMPANY.

IUIN 'N'Vll'T'TNT TFVsI INNING,
FhiI1drl"hia Pa, Nav Q. 1915
The Botri OF Directors htyo this Isy
DECLARED a regular monthly d~.Niiend o-
one-hH'f 81 uu" PEI cent ana an extra
dividend of on,-hilf of ouc r,r cont. ma.
able MAY -, l3lf, to stockholders bc
record. Nag %, 1916.
j e. LAM rr.,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

Of 81 points for the day and an advance
OF AZ points ~ the last sale made
previous to this week.. Rumors were
current In the financial district that the
strength of Big -Four stock wal due to
an intention Of the New York Central to
add the Big Four to It's system. as II did
the Lake Shore. The Big Four Is now
controlled by the New York Central. but
IL liz said that II IL not a competing line.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
BUSINESS TROUBLES.

Nh Trayer ( ) n, ltmr'i,,"- 'Is,'ers' a,
Hudson; :. " nj ah Hid a ,rf'!!'iH" ah ID
nominal assets ssl,l62, 81 which the
largest items ar" real estate. $4,000;
stock. sg2lag: accounts, SCI A9l notes,
seOs5. and interest in property. $1,000.
BEN rEIcHHoLrH- A petition In bang
ruptrv has been hle,i against Ben T"ich-
hol;s Aeaier in seSH G.r'I"s's 80 at ana nd
assets, 81, 900. He made an assignment
on Monday,
NICHOLAS PARENTlN. salesman, OF 1859
i.Sth street ami Amsterdam avenue and
iOs,h s,roer and columbus avenue, has
niii .tiq a Ess't-t""a and i y, S'9 a,sS'" win "'
.REMsEN s'HENrN. a brokers clerk a.
- William stree has ,l"d i, rs'!tion IN
hankruptey. Win h1niia,iT, "f 49,, ana
Judgment In favor Of Rosetta Hart,
ILLUS sOKOI. :i5 West leoth street,
has Nlcd a petition In bankruptcy. with
GEn6RGE l. HRowN, ieT West Forty
ninth street, has Med u p,tltion In bank
ruptcy. with liabilities W3i: and no
assets,
JOSEPH KoLARlK,-A petition In hank
ruutcv has been fl"d against Joseph
kolnrik. doing business H~ the Bohemian
Publishing ana iInpui tius 'uiupa.y al
400 East Ninety second street,
Assignments.
ROSS 4 SCHNEIDER. composed Of Lillian
Ross aud Rose Schneider, dealers In
millinery at II Clinton street. made an
assignment, yeetcrdsy to Louis y Cohen.
Their assets were reassignet TO them on
Wednesday on q prior assignment
DU vlNlER & CO, wines and liquors AZ
lsb Duane street. have assigned to Monte
London Of 6T2 st, Nicholas avenue. The
company was incorporated In 1909.
INTERSTATE GLASS COMPANY Rob
crt q. White. trading aS tn" Interstate
Glass Company At 80 W,-t Thirty.
sixth street, has assigned tu s. Bryan
klncass Of 1913 canal street.
suit Discontinued.
The sui, brought on Apri, 20 nv three
Of the partners OF the lamport Manu-
facturers supply COMPANY. wholcsai,
dealers In cotton goods at j07-5li Rrosd-
way. against Arthur NJ. l.amport. tho
fourth partner, has been discontinued
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

The California an oregon Coast
Railroad. Grants Pass, ore, has recently
placed or order FOR thirteen fat cars
and two box cars. The Calums. and
Arizona Mining Company has bought
t~hs,ty-s!x or" cars from the Kilburn a
Jacobs Manufacturing Company. Tho
Norfolk southern IS asking for prices
on $50 freight cars and the Illinois
Oh Company j. IN the market FOR ten
caboose cars. Because of the long delay
necessary to secure steel underframe
cars the Southern Railway has revised
specifications on 2.2j0 cars recently or
dered. These cars will now he con-
structed with wooden uuderframes. The
Maine Central Railroad has placed an
order with the Pullman Company for SIN
passenger cars, Including baggage. ex-
press and dining cars and coaches.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
marke. closed steady.

The local market for spot cotton wa. quiet.
n points decline. middling IL zoe. Southern
spot markets a. officially reported were un.
changed. 3 to - points advance New Orleans.
z Nc Galveston. bic: Savannah. i2+c (;
Memphis. i3c: Aus usta. l2.75c: Houston.
Hltc
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
THE PHILADELPHIA MARKET,

PHILADELPHIA. MAY Trading was
confined 10 small LOT transactions. with prices
showing little or no changes. Bonds con
tined IN far demand. with prices ruling
steady. The
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
THE PITTSBURG MARKET.

PITTSBVRG. May 1.-THE stock market
here was moderately active, hut priCrs
showed practically no change IN quotations,
American window Glass Machine, Columbia
Gas and Electric and Pure Oil and Ross Min
ing snowed the most activity. The unnm
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
THE CHICAGO MARKET.

CHICAGO, May Il stewart Warner shou.J
a fnln OF : points Sears Rocbuck ali ,nro
u. ~, hut reacted . points N tho '"in.a
o'hcr issues dun and practically ui,rhanoeI
S"Iit - active and steady Chicago Trlenhnn.
- hrVntr The Ummary '''"'i'
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

The Liverpool market opened easier Their.
vas a good business IN spot cotton. with mid.
ding unchanged at sl3d Sales. 1000 bales.
receipts, 1900 bales. including !: 600 American
Closed very eteady
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
THE BALTIMORE MARKET.

BALTIMORE. May ll.-Consoiidated Power
and Davidson were each l.. higher
The rest Of the stock showed no important
changes The Cosden shares continued activa.
Bonds were in demand and firm. The sum.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

The - A N bids 10 Liverpool were: NAV
10. July. l3I3c.: October. - 2oc January
Ebic. The market there was due 10 open 10
DAY ~ TO 9 points decline.
Port receipts and stocks:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

The Baldwin Locomotive Company
has taken an order for four switching
engines for the Lake Terminal Railroad
as well as the two FOR the River Terminal
Railway. The American Locomotive
Company has received an order :or
three engiues from liio de Jauciro from
the ii"rmstoltz Company. The American
Locomotive Company Will also construct
s!A switching eng.nes for the pelrey
Company. The American company now
has orders from the Boston and Ma!ue .or
sixty locomotives. including those placed
a few days ago. The Minnesota. Dakota
and Western Railway IL Preparing spec
fcat!ons for locomotives.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
The American Sugar Refnins Company

SoMMo.N bl'ibENp ~. 10.
Jersey City. n j, May O.. 1915.
The Board OF Directors have his dag de-
clared the following dividends. ptyabia
July Srd, 1916. to tho stockholders Of
record juno LIST. 1916. 10 wit:
on the Preferred stock a dividend ofIx
per cent, being the gsth consecutive digi-
deni thtrcnn.- On the Common stock -
dividend Of u. per cent, 1c!L. TIE g9th
consecutive dividend thereon.
The Transfer Books vi not he r'Osei.
JOSEPH +. FREEMAN. Sccrc,1r,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

TIN InI0rWUNI T'V||||II I".Ip4nT
has declared a regV',~ , ur',.s tn.a'n.
OF ~ = on the Ir"'crre. S.r.N lrt &c. u'
the Common stock, pi'th', I9, 3. l'ls
70 stock ~ record Jur. ~. l''f
d.. W. BERGEN. Treasurer,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

The United States Government has
given an order To the Hofius Steel and
Engineering Company for wireless steel
towers TO be erected at Cordova, Alaska,
requiring $40 tons OF structural shapes.
A power station TO be constructed at
Los Angeles. cal, will require $50 tons
OF structural shapes, which will be
fabricated by the Union Iron Works
at San Francisco. Gould x Eberhari.
Newark. y. j., manufacturers Of ma
chine tools. have put ont plans and
specifications for plant extension cali
ing for ZOO to 500 tons Of structural
steel The Carpenter Steel Company OF
Reading, Pa, is also about to erect "A
new shop calling for 400 tons of steel
shapes, while the l.udlum Steel Com.
pany. Watervliet. y Y, is In the
market for "A mill building which Will
require 700 tons of structural steel.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12

Exports Yesterday were 2s.1tl bales. Total
Nm. far this season. i.sis,sl2 bales. Total last
sason. 7-O6. si5 bales.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-12
DIVIDENDS AND INTEREST.
SOUTHERN fACFlC COMPANY
DIVIDEND NO. 70

A QUARTERLY DIVIDEND Of Ons
Dollar and ATTY cents ~ 500 per share on
the pital stock 81 this company has
once. No. lt5 broadway. New York y. Y,
on July !. 1916. to stockhOIder. Of record
at 3 O'Clock 7. NJ. on Wednesday. MAY 81.
1873. The stock transfer books wiz not hs
closed for the payment OF this dividend.
Cheques will he mailed only 10 stocknoldrrs
who have fled permanent -'rtt nd orders.
A. X. VAN DEVENTER. Troasuier.
May II. 1916.