davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
II S. Steel Assumes lis
Old Position as the
Market Leader.
CHICAGO AFTER
THE CROP EXPERTS
scandinavian Interests Buying
Rack Notes Sold Here After
the War Broke Out.

Opinions may have differed as 60 the
character o. the buying in yesterdays
b,oss nsrset. but there was no mini
mixing the sentimental effect created
Nv the general advance in prices. In
The first place the turnover was the
largest for an advancing market IN
quite a while. total transactions az
srerating close to 100000 shares. More
aver. the advance was not confined 10
any one particular group Of securities
but seemed 10 be pretty well distrib-
uted throughout the list, with the rail
vsy shares in particular prohung from
the Improvement The action Of the
rails divided interest with United
States steel Several important rail
wsy issues sold AZ new highs for the
movement. and traders and there was
little or no evidence OF any for
sirn LIQUIDATION ln this department
whether this meant that foreign sales
Of Americans had ceased altogether or
only for the moment remains 20 he
seen. u appears, however, that further
selling from abroad IS 20 be expected,
irssmuch as the British treasury au-
,horitics only yesterday sent out new
request for the deposit or sale ot
Americans which have not as yet been
turned p.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
TAFT WITNESS AT TRIAL
OF RIGGS BANK MEN
Tells How Account DWindled
After His Presidency.

Washington, May 15.-EI-President
Taft was first on the witness list in
the perjury trial to-day OF three officers
of the Riggs National Bank, being
called as a character witness 10 testify
in behalf Of the banks president,
Charles {. Glover, one OF the indicted
men.
Mr.. Taft said that he had known
Mr.. Glover for twentv-siX years and
considered his reputation fr honesty,
standing and character excellent.
Have you carried an account IN the
Riggs Bank asked Mr.. Stanchfeld.
"Such as ! had. II grew as 1t got
into the Presidential portion said
Mr.. Taft; and then as an afterthought
he continued. with an oldtime broad
smile that made the Judge and most
of the spectators laugh with him:
at diminished after losing the Pres
idential portion
After Mr.. Taft left, lawyers for the
prosecution and defence had long
and sharp argument over the scope Of
the documentary evidence in the in
junction suit of the bank against Sec
rotary McAdOo and Controller Will
Jams.
Justice Mccoy. who presided in the
injunction case, identified the bankers
affidavit, which is the basis of the per
jury charge. declaring tho Riggs bank
did not engage IN stock transactions.
II was also identified by stcnographcr
from the Office of Frank J. Hogen,
counsel for the bank in the injunction
euif
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
PUTS MILLS Q GLIB
IN BANKRUPTCY COURT
Creditors Lawyer Declares Big
Firm Is InsOlVent.

A petition declaring the drygoods
firm Of Mills & Glib TO be insolvent
and asking that it be legally declared
bankrupt was filed yesterday in the
Federal court by Eph A. Karelsen, at
torney, in behalf of five creditors
whose claims aggregate about $1,000.
The charge Of insolvency Is in direct
contradiction 10 the assertion made By
the bankers creditors committee,
which in asking Judge Mayer to Ap-
point receivers for the concern declared
IL was solvent.
"To-day's petition was filed simply TO
preclude the possibility Of small con-
Germs embarrassing the reorganization
Of Mills e. Glib" Mr.. karelsen said last
evening. 81 represent mercantile cred
itors whose claims aggregate many
thousands Of dollars. The fling Of the
petition to-day was something in the
nature OF technical step.
81 am reliably informed that Mills
T. Glib arc I'm a position 10 pay their
creditors 100 cents on the dollar. II
the receivers or tho concerns counsel
can prove this 10 be true ! will make no
effort 10 press tho petition"
Figures compiled by expert account
ants arc expected 10 reach the cred
itors' committee this week. When these
have been studied and checked the true
financial condition Of Mills & Glib will
be known.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
AUTHORS PROMISE AID
TO GARMENT WORKERS
Denounce Lockout by Manufact'
urers as Indefensible.

Promises Of cooperation and express
sionS of sympathy from well known
writers and publicists have been re-
ceivcd by the striking garment work
ers. Declaring the lockout by the
manufacturers was indefensible, wrong
headed and against the public interests,
a committee of writers is being formed
to cooperate with civic bodies IN de-
claring the truth to the public. On the
committee are Ida Tarbell. Fannie
Hurst, lie Roy Scott. Harvey j. O'Hig'
gins, Charles Ram Kennedy, Percy
MsckRye, Walter Prtchard Eaton, Err
nest Poole, Rupert Hughes, Thompson
Buchanan. Jessie Lynch Williams and
Louis Joseph Vance.
Striking garment workers yesterday
received a telegram from Samuel Com
pers, president of the American red
Grafton OF Labor, in which the striker
were promised support from every
branch Of that organization.
Freight clerks employed by the New
Haven road yesterday announced their
decision to walk out tomorrow unless
the railroad officials reconsider their
refusal TO grant demands for increased
wages made week ago.
More than 1000 brass and copper
workers employed in half a dozen
Brooklyn factories walked out yester-
day. The men are demanding an eight
hour day and increased pay.
Auto machinists employed in 200
New York garages will walk out to-
morrow. according TO William Dean.
business agent of the Auto Machlnists'
branch of the international Association
of Maehinists. unless demand for a
Nat rate Of 80 cents an hour rs PAID
by the garages. lie said that the men
already had struck ~ the garage Of the
Auto Club Of America and AZ the ga
rage Of the Pierce-Arrow Company at
Long Island City.
Difficulties between the Western
Union Telegraph Company and its op--
orators because of the dismissal or
eleven men at Washington appeared TO
have been removed through the REIN
statement Of the men yesterday.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
MANUFACTURERS MEET
National Association Discusses Trade
War TO Follow Peace.


The National Association Of Manu-
facturers opened its twenty-frst an
nual meeting at the Waldorf ycster-
day. Uppcrmost in the minds OF the
officers and delegates was the need OF
the United States TO prepare the in
dustries Of this country for the com
mercial struggle and rcadjustment Of
world business conditions that will fol
low the war. An exhibition OF foreign
products was part Of the meeting, 20
show manufacturers what they Will
have TO meet in invading foreign mar
kets.
The idea Of business preparedness
was the leading thought in the report
Of the committee on banking and cur
rency The report criticised our cur
rency, saying IL is defective In its prin-
ciple. being gold basis In name, but
really so TO a limited extent only.
THE restoration Of peace will entail
the readjustment OF the currency and
finances of almost every country of the
world" the report says. "and in this
movement we may be called upon 70
exert that prepondersting influence for
which we are not prepared. II the war
lasts some time longer and the Amerl-
can dollar is to take the position the
pound sterling had as international
money it must be unquestionably gold.
other reports were on accident pre-
venton and workmen's compensation.
bankruptcy, fire prevention, industrial
betterment, interstate commerce and
Federal incorporation. and one recon-
mending the manufacturers TO forbid
the placing Of the union label upon
their printing.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
BRIEF WALL STREET NOTES,

Directors Of the HARRISON Walker
Refractories Company have declared a
quarterly dividend of IL per cent on
the common shares. payable June ] to
holders Of record May 22 placing the
stock on a per cent annual basis.
The S2,OOO,0O0 Illinois Central Rail
road collateral trust per cent bonds
recently offered for subscription by
Harris. Forbes l. Co have all been dis
posed Of.
II was announced yesterday by J. r.
Morgan d Co. that the Erie Railroad
Company general mortgage per cent
convertible series ID bond syndicate has
been closed. the remainder of The bonds
in the hands Of the syndicate being
taken by Lazard Freres.
The TieUen & Lang Drydock Com
many. of Hoboken, y. j., has been pur-
chased for syndicate by Bertrcn,
Griscom & Co. and Palmer 4 Co.
Stephen /. Selden mas resigned as
vjce.president Of j. {. White 4 Co.,
and has resumed the practice OF law
F. ". Hid and John W, Morey, il
was announced yesterday, have been
elected directors OF the Denver Tram
way Company. 10 succeed j. A. beeler
and Thomas f. Keely.
The special stockholders meeting Of
the Minneapolis & ST. Louis Railroad
Company, set for yesterday, was ad-
journed.
Time for depositing common stock
Of the international Arms and Fuse
Company in exchange for the preferred
shares ceased yesterday, though II vas
announced that further deposits would
be received without renewing the priv
ilege. A large majority Of the STOCK
has been deposited.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
Buying Them Back.

A development in the short term
note market that has attracted much
attention m investment circles lately
has been the urgent demand for Swed-
ish and Norwegian government notes
from Sweden and Norway. These is
sues were brought out in this market
shortly after the war began. at a
time when the Scandinavian govern
ments needed money badly. and, being
unable 20 borrow IN London or any Of
the other foreign markets. were com
PEELED 70 come 20 New York Now the
shoe is on the other foot. and the Scan
dnayians. enriched by the huge in
fux Of war business, are in position
70 buy back their securities. The de
nand FOR these notes is coming from
private interests i'm both Norway and
Sweden and the fact that the exchange
rate Is favorable TO both countries
makes the transaction the more profit
able. An order for a single block Of
$4,000 Of Swedish Government IS. due
in December. was placed with a local
bank Yesterday for execution.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
GOVERNMENT BONDS.
TELEPHONE FIRM ASSIGNS
Officials Say State Company Has Ample
Funds.

disputed claim Of $4,000 caused the
State Telephone Company, of 10 Wall
Street, TO assign yesterday for the
benefit OF creditors. The assignees are
Mayer Wilson, OF 81 Nassau Street,
and Paul Schmidt. Of Peekskill, man
ager of the compsnys exchange.
The concern was organized in 1903
with a capital Of Sl,OOO,OOO. Every cent
Of this. the officials say. is paid in. It
has been operating in Westchester and
Putnam counties, competing with the
Bell system. with which it mas a work
ing agreement.
"The company is solvent" declared
Vice President Reynolds yesterday,
and it has ample funds TO pay all its
bills. This claim of So 800 is made by
security company, and we took the
action 20 find out just who is behind
this attack on our credit. We refused
10 pay because the validity Of the
claim was disputed. The compsny's en-
tire Indebtedness does not exceed
$40. 600"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
RESERVE PAYMENTS DUE
Local Banks Deposits VIII Re In
creased To-day by S2.750.000.

To-day being a year and a half since
the establishment of the Federal Re
serve banks, member banks in reserve
cities. according to the Federal Reserve
act. must increase their deposits with
the regional banks for the next six
months from four-fftecnths to five
ffteenths. Country banks are required
10 raise the proportion from three
twclfths to four-twelfths of the re-
serve required.
The member banks Of this district
are already making their payments to
the central institution. 4 total Of
S2,750,000 is due to-day on these re
serve payments. of which s2,500,000
comes from the country banks and
S250,000 from reserve city banks.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
COTTON IRREGULAR;
RALLIES NOT HELD
Reports of Rain in Carolinas and
Frost in the Southwest
Affect Trading.

The cotton market was less active
yesterday and fluctuations were irreg-
ulsr with the trade paying more atten-
ton 70 weather and crop news than
during the excited buying movement
Of last week. An Eastern belt forecast
for showers in the Csrolinas and
Georgia was followed by increased Of
ferings early, and after moderate rail-
lies on predictions Of frost in parts Of
Texas and Oklahoma. the market again
eased OF under scattered selling. be-
lleved to be mostly realizing Tho close
was steady net unchanged 20 s POINTS
lower.
The market opened steady a. an ad-
vance Of 3 TO II points on relatively
firm cables, but quickly turned easier
owing 10 prospects for a break in the
Eastern belt drouth. Trade interests
were less active buyers than last weak,
but seemed TO be taking a little cotton
oil a scale down, ard after selling or
some or Q points from the best. prices
rallied or points on a furry Of COW
ering, which was inspired by the pros.
poets for unseasonably low tempera-
lures in the Southwest. The buying
f9iled 70 become general or aggressive,
however, and prices soon eased OF IN
der renewed realizing or selling for
reaction, with the active months show
ing net losses OF from 10 9 points
during the middle of the afternoon.
Closing prices showed slight rallies on
covering.
The action Of the days market was
regarded az rejecting a disposition 20
even ~ long commitments pending
fresh developments. Prices OF above l3
cents for new crop deliveries al this
season of the year are considered high
enough 10 cause hesitation, and
there was a good deal OF reactionary
sentiment in evidence during yester-
days trading. Rather a less OF; imistic
view of the probabilities for anythin ing
like immediate peace negotiations may
possibly have helped to check fresh
buying, but the talk around the ring
did not suggest that political news was
an important feature.
Private cables reported a very steady
near month situation in Liverpool.
where stocks are comparatively small,
and while houses with Liverpool con-
nections traded both ways here. they
were considered buyers by balance dur
ing the early trading. Scattered South
ern selling was supposed 10 be chiefly
in the way of profit taking, and there
was little talk Of hedging around the
ring
Exports for the day were 10 s23 bales,
making 4,7l4,653 so far this season.
Southern spot markets, as officially -e-
ported, were all unchanged except for
a decline of ) points al Galveston.
Range Of prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
POLICE DEPARTMENT.

rrsn,isn. Us. % m From Nh Pvc'na
- precincts Indicated pt.nn. Christian D. thinner.
1874. William j Quinn. 1870. John Murphy.
1851. Dennis :. hurphJ. lHlff Mutual noily
= Golfer. slsf Assigned 10 bIDrle duty Peer A.
GiIshensn slst. Assignment fD oicsrIe d4iy discoA-
uuurI. James r Kingston. slsf assignnsnt
changed from MOTORCYCLE 20 bicycle tly ffci,rc<
Rusgie,. slst sssIgament changed from oie3es
Temporary Aulamsat,.-PU mn. Daniel knsns
and frciercl & Bsrfscl. ll1d. ~ iiil. 20 DAYS.
% no. Mp lI. William ~ NopAus Ifanc a. .
& a. squad duty iu Burcau u kepai1s al sup
plies a. DAYS. ll a On MAY - To sth ! D.
ron commands indicated duty i1 railtd premises.
lS dsys. o M MAJ o. Michael fJpsirrk.
t.I. Myron r Finch. Is5th John r Kelly. liii;
Tlomas G. Grossn. -iiin. George n ksyno.ds
rrsNc e. william Ncssleier. llbM. william ocsi
burn l6lth. Florence Dohery 1920. John ".
Bneron gfs'h 70 Training schqoi f-ora com
m.nfs iniic sist 5 di's e. m Mu ii fr.as
o. Bor.risr rarc John NuIltne. lsihi ,
Ffsnk Wolier 2lst. Simon bums. SON Richs'd
Hot t-d. John " Neggeulth i,f1 Hoogt
Bsul.u Trarc Clsfe- German. Bntss.
Pltrek Hsush rriac y Arl, wlsleoa li.a.
John Els -s'h. Joseph HAYDEN. son. Mstn
cullen. Goth. John = ngrtim. co. tar.iop .s
Morgan -is,h, julius Roe,A.er l.9A. hsaF q.
D0reI Trt~e D.
I,a, 81 ab,sae, .F.thou 1,,l rilma. August
Fgu pay White o. Sci RsOor, r.'na win,m
g. tamlteI rH'n GO p NH l.. llrHs dn-
ability o~rH sm.l. Ih Apfu li
ilrHF fi aHU" hrrN e. lr..mN.a. d. "a. 10 I
, m. AlHl I2 l4als dsao.4y.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16

United Motors Organization.

The board of directors Of the Cnited
Motors Corporation. recently formed
ia absorb automobile accessory COM
NAMES for the first year will be Alfred
i. Sloane. jr., Of the Hyatt Roller
Bearing Company; +. A. Deeds, Of the
DAYTON Engineering Laboratories Com
panv: De Witt Page, Of the New De-
parture Manufacturing Company; :.
A. Fletcher, OF. the Remy Electric Com.
panv. and l.. G. Kaufman, president OF
the Chatham and PheniX National
Bank. The officers are: A. p. sloane
ir.. president: F.. A. Deeds, vice-presi,
dent: De Witt Page, secretary ana
treasurer, and l.. &. Kaufman, chair
man OF the finance committee.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
Sar.
METALS.

Gamer was firm. with electrolytie nominal
for nearby delivery and at 2em SOC for August
and later. On the New YORK Meta nN-
- lin vas quiet. with spot IN hye-ton
io,s 1,,,ted Al ss.15G lg.25c. Ia London TN
cio,ed AZ fis1 Tor standard spot and at tlsi
Tor futures. with sales Of 40 tons SPOT and
n ION. futures. Copper 10 London closed a.
flaS for standard SPOT. $40 for futures and
gi5s for electrolytic spot with sales Of %
tons spot and 30 tons luture5. Lead hrm .
80, yorl moi t5a- .55c and East 81 Louis
not -fOT SOC The American Smelling
md Refining Company quotes lead az '.5Oc
.o- New York delivery and ~ az sc for
ras, S, Louis Spe,ter weak; New forh
nominal and East s. Louis snot Toe asked.
In London speltsr closed a. l9s for spot and
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16

The day Of the unlicensed. uncen-
sored professional Crop killer" ap-
pears TO he drawing near From Chi
cago comes the word that for reasons
best known 20 the Board Of Trade Of
the Windy City tho crop expert" real
or otherwise vii. he kept under strict
surveillance throughout the season. His
every utterance on the growing crops
will be checked up carefully. and n. at
the end of the season, his efforts do
not jibe with what the harvest actu-
ally shows, the Board will "raus NIT
him. just how much leeway the Chi
cago authorities will give the crop eX-
pert is not stated. although they say
they viii be fair. What they are after,
they declare, Is to weed out the large
number Of amateur crop experts who
ere incompetent or worse What
they Will do about the Governments
bulletin compilors II their figures fail
to meet approval is not stated.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
Butte and Superior Still Gaining

The Butte and Superior Copper Com
pany. Limited, reported yesterday for
the quarter ended March 81 gross earn
ings OF s4.623.i43, against S3.s72,ss9
for the previous quarter. The total net
profits for the last quarter were
s8.554.94O, equal TO Sl303 earned on
272. 697 shares Of stock, against Sll.3I
the previous quarter At the annual
meeting OF the company change OF
the corporate name was authorized by
the shareholders and the necessary
steps taken 70 conform 10 the law. The
company will be known from now on
as the Butte and Superior Mining Com
psny.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16

PAtL MULLER dealer in wines and iiguors At
500 LongFood aE. The Bronx ha. Med schedules
showing uabtle. Se.93i and ssssts Sl0,2 Dol
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
PUBLIC UTILITY NOTES
General News and Earnings Of Various
Corporations.

The Niagara Falls Power Company
has been authorized b. the Pubic
Service Commission to receive and hold
$500, 900 capital stock Of the Canadian
Niagara Power Company, in payment
for advances made and TO be made TO
the latter company by the Niagara
Falls Power Company for improvement
and extension Of It's generating and
transmission facilities. More than
81 500. 600 has already been advanced
10 the Canadian company and y IS
proposed 90 spend an additional Sl'ooVV'-
600. The advances carried between tNe
two companies receive per cent IN
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
Won Igel Pleading Postponed.

On the application Of Roger b. Wood
Assistant United States Attorney, Judge
Wolverton Of the Federal Court yester-
day put over until tomorrow the
pleading Of Wolf Won Igel. former Ger
man Embassy attache, TO two indict-
ments. charging him with conspiracy
TO blow up the Welland Canal and vio-
lation Of the custom laws. II is be
lieved Won lgel will refuse TO plead I'M
til the State Department has deter
mined the status Of the papers seized
by Secret Service agents. which he al
leges are German government property.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16

Bankers and other financial interests
IN The Wall Street district Of a philan-
ihroplc frame Of mind have been not
little puzzled and. indeed wrought up
recently a. the failure Of the British
authorities 20 permit shipments of re-
lief supplies 70 Russian Poland to
reach their destination. Despite ex-
pressions Of favor regarding the Amer
'esn relief plans for Poland that have
come from England. all efforts to date
70 get shipments o. food and clothing
70 the destitute Inhabitants Of the
Polish provinces have failed because Of
Inc British blockade. Lately, as a last
resort, an appeal has been made to
Washington 20 have the President name
committee Of business men 10 handle
me matter, in hope that this might
move authorities abroad. and il is
understood that the State Department
mas the request under consideration.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
Receiver Aps'lnied

JOSEPH kOLARik Judge Nsvsr has az
pointed charles J. Broosheim receiver FOR Jsseph
koIauk who dbl business me bohemian Pub
fishing and importing Company II 400 East "a
e.. b1rI $500
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
Steel Comes Rack.

Steel common demonstrated yester-
day tina. given the opportunity II could
come back with 2 real punch. II cor
tsinly acted like the steel Of old. with
turnover of approximately 10000
shares and gain at the tor price Of
the day S57s, Of % ~ points. Steel. Ike
most Of the other active speculative
issues, was very much ovcrsold, the
traders said, and when the shorts saw
that stocks we're being steadily accu-
mulated, they became nervous and COW
cred their commitments. Repurchas-
ing for this account was probably the
hest explanation for Yesterdays ad-
vance. One trader said the atmosphere
rs clear for the first time i'm months,
meaning that the uncertainties Of the
situation had been pretty well removed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
FREED BANK WRECKER DIES
Failing Health Brought Petty's Re-
lease from Jersey Prison.

Washington, y. j., May Is. Robert
NJ. Petty. VINO YVES recently psroled
after being convicted OF wrecking the
Washington National Bank. died to-day
at his home in Broad Street from
tuberculosis His health began 70
break when he was taken to the state
prison, at Trenton, three years ago TO
serve ten-year term
Mr.. Petty was in his hfty-seventh
years and weighed $50 pounds nor
mally; when he left the prison he had
a former Mayor Of this place and
president OF the National Bank. He
leaves his wife and son, two sisters
and two brothers
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-05-16
RYE
NEW YORK PRICES.

Market steady No 2 Western. si.Os. c { Z
New York