davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
Self Constituted Market
Leaders Evoke Little
Enthusiasm.
FEBRUARY OFTEN A
SEASON OF DULNESS
Sharp Advance of Mark Ex-
change as Banking House
WithdraWs from Market.

A stock market that depends on such
leaders as Colorado Fuel, Allis-Chal-
mers and the like may have enthusiast
tic admiration from the holders Of Col
orado Fuel, Allis-Chalmers ct al, but
TO the ordinary Spectator in the Street
il causes no excitement that he could
not readily forego. There is o time
and a place for everything. Suspicion
that this is the appointed season for
some of the low priced industrials to
gyrate Is not provocative of high hopes
with regard TO the rest of the list Too
many Februarys have seen the market
getting nowhere in particular for old
time Wall Street men TO expect much
while the month is running its course.
Il is not that there is anything about
that time Of wind, rain and snow that
makes IL impossible for the market TO
move upward huoyantly; but February
happens to be between seasons. Holl-
day activity In trade has gone by and
spring revival has yet TO como II Is
no time for agriculture. Railroads
have TO contend with bad weather and
congestion. Investment, no matter
how good, has lost some Of the Janu-
airy reinvestment impetus. Fsrsighted
investors and spectators, 1t is true,
have often used dreary Februarys 70
accumulate stooksI but little of what
they do appears on the surface, and
specifically the situation Is unre-
lieved. There Is one thing this year,
however, that the hopeful are counting
upon. II tho market can get rid Of the
extra weight OF the Lustania "erisis"
il is within the possibilities that there
will continue that destruction Of prece-
dents that has characterized the whole
period Of the war TO date. and the lat
ter end Of February may be better than
the beginning.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
OPPOSE B. & M. BILLS
Minority Stockholders Hold Need OF
State Aid Is Past.

Boston, Feb. "a threatened crisis
in the financial affairs Of the Boston q
Maine Railroad has passed, Conrad ".
Croker. counsel for the Minority
Stockholders Association, declared TO-
day at a Legislative hearing on oiiis
affecting the road. One Of the bills
provides for a repeal Of the act passed
last year for the reorganization OF tho
Boston & Maine, but which became
imperative through the failure OF tho
New Hampshire Legislature 20 pass
similar measure. The second bill pro-
vides for state aid 20 the company.
Both bills were opposed by attorneys
Of the company.
Mr. Croker said the Minority Stock,
holders Association favored the repeal
Of the reorganization act on the ground
that the Boston & Maine was not bank
rupt now, that its earnings have shown
large increase and tina. IL was IN q
position 70 secure an extension or tine
from its creditors.
~ the New Hampshire Legislature
ever gives its assent 70 this reorganiza-
ton" he said, st will strike blow al
the general credit OF New England rail
roads from which they would not re-
cover In many years"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
No Pressure 70 Sell.

Speaking generally Of the stock mar
ket yesterday, brokers said that there
was little or no selling pressure, but
On the other hand there was little de-
mand for stocks. Offerings were so
light that when demand manifested
itself in a particular issue there was
ant to be q sharp rise in price on a
few transactions. On the whole,
though. the day was duh one. Ref
erence TO the fact that some brokers
lad said their books contained a great
remembrance Of selling orders AZ
prices . and 3 points above the mar
ket brought out the comment that those
who sold stocks AZ a higher level would
do IL only 20 be able 20 buy others.
"For every man who gets out OF the
market" said one broker, there viii
be two TO get in. There is practically
q waiting list in many Of tho commits
sion houses"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
MINING.
COTTON ADVANCES
ON CABLE STRENGTH
Improved Lusitania Outlook and
Easier Freight Situation
Start Buying Move.

There was sharp advance in the
Gotten market yesterday, with May
contracts selling up 70 12.2sc. or %
points above yesterdays closing prices,
and with tn. general list closing very
steady ct a net advance Of % to u
points. Firmness In Liverpool and re
ports that more ocean tonnage was Of
fering for cotton out Of New York
started considerable covering move
mont, while there was also active buy
ing here by houses with Liverpool con
nections Closing prices were within
point or two OF the best.
The market opened at an advance Of
c TO 0 points in response TO the higher
cables. Il was supposed that the Liy-
erpool strength was partly due to the
unsettled situation with reference 70
war risk rates, which were advanced
sharply from Gulf ports. Az this wa
against the export movement, the
opcning advance here encountered con-
siderable opposition. Liverpool showed
continued strength, suggesting a dis
position TO meet any increased cost OF
transportation in order 70 attract cot
ton. The widening Of the differences
between foreign and American markets
brought in heavy buying TO undo Liy-
erpool straddle accounts. ms an
sorbed the early offerings and local
buying became more active during the
afternoon on more favorable reports
of the Lusitania affair, talk OF on cas-
Ter ocean freight situation from Ne"
York TO Liverpool, and reports from
Arkansas hat the Hoods were the
worst i'm the history OF the state
Aside srom the Liverpool buying and
some scattering demand from Western
and Wall Street sources. the demand
was considered chiefly in the way OF
covering by recent sellers.
Reports that the British government
had placed restrictions on imports OF
sugar and that some of the steamers
working IN the Pacific sugar trade were
lkelv to be transferred TO the Allan
tic may possibly have promoted
more optimistic feeling toward the
prospects lot tonnage dNallaOlc -
cotton, and Offset the less favorable
war risk situation.
Southern spot markets, as onicially
reported, were unchanged to 70 points
higher, with Houston showing the
maximum gain. Augusta showed an
advance OF 10 points, with sales o.
1885 bales. Exports for the day were
% .5O7 bales, making 2,9S 1856 so far
This season. Notwithstanding the
scarcity of tonnage, the export move
ment has shown an improvement since
the latter part Of last month, and this
has helped 70 promote the more reac-
tionary average OF sentiment
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
Not the Controlling Factor.

"Thc Lusitania matter has, Of course,
been q factor in the market" said q
broker. "but not the controlling factor.
Some Of us will be rather sorry TO lose
it, and 10 seems now that u IS likely
20 be settled overnight Wen he sorry
because it's absence will be likely to
emphasize the real cause of the mar
kets idleness, which, in nay Judgment,
is the decreased mower Of the commits
sion houses 10 supply facilities 20 their
customers for doing business. There
is chance, Of course. that new invest
mcnt buying may be stimulated by a
clearing UP of the international situa-
ton nothing is certain in Wall Street
but IL looks now as though investors
would be disposed 20 wait while"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09

Sales Of American securities TO the
British treasury under the mobiliza-
ton plan are said in dispatches from
London to have been made in three
times the volume that was expected.
But that can hardly be regarded as a
bear argument on the local stock mar
ket. Securities that are modified are
i'm much better hands. so far as the
maintenance Of prices here is con-
cerned. than securities that are az the
disposal Of thousands of institutions
and individual investors. That is be
cause. while investors might sell them
in season and out the British treasury
has no thought of losing an advantage
by throwing them pell-mell on the Wall
Sfrnnf rnnrkef.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
seTrouble Free" Nuniclpals.

A ruling recently obtained from the
Treasury Department should, as THE
Daily Bond Buyer" observes, be OF con
siderable interest 10 investment bank
ers and TO investors in general II is
as follows: "The income tax law eI-
cludes from taxation the interest from
municipal bonds, and partnerships han
ding municipa! bonds may exclude
FROM consideration in determining dis
tributable interests of their members
all income accruing to partnerships IN
form Of interest from municipal bonds
under ,hc Federal law" Once more.
comments this journal, there is en-
phas;zed the fact that municipal bonds
are trouble free as well as tax free
under the Federal income tax law
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
CONTRACT NO s7-A

Erie tAual--efNii0A =.
For completing the construction ~ the
canal from the west line ayne { Gun
10 tho east end OF Contract 80 -s-A' az
' Lsngth i222 miles. Sheets / TO IS. tn
elusive.
ncatlOnf engineer estimate OF QUANTITIES,
proposal blanks. form Of contrast AMI
bonds required and other Information Tor
prOposers may b. had AZ the once OF tho
Superintendent II Public Works az Al
bany n y, ~ the Office ot no Assistant
Superintendent o. Public Works for tn
Middle Division - Syracuse. y. T.. a.
the Office OF tho Assistant Superintendent
~ Public Works FOR the western DiYbion
once spauldings Exchange. Runalo. y. y.
Copies OF detailed plans or drawings
may be obtained from the state Engi-
neer ana Surveyor AZ Albany. y. Y. upon
payment 70 him OF the cost Of producing
them.
Monthly estimates viii be paid OF ninety
per centum go per cent? " me Work
done AZ the contract price. Every pro-
p04al for said work must be accompanied
b. a money deposit Ia the form o. a crsft
or ceruhed check upon some good banking
Institution IN the city Of Albany or New
York issued by "a national Or state bank
Ia good credit within the state and pay
able a. sight % tho Superintendent q
Public Works Tor i've per ccntufn % Der
cent? Of the amount OF the proposal.
inc person whose proposal shall BE-
accepted Will b. required 70 execute
contract am tlfNl1A INi41 " thlu Ten
DAYS from tho date OF notice u award
delivered 10 him or them In person Or
mailed 20 the address given In the pro-
posal.
Upon execution Of the contract and sp-
proVal OF bonds. tho certlled check or
draft VIII be- returned 90 the proposcr Ut
less the same shall aavs been presented
for collection prior 20 such time. ln which
refunded by tAe sup erlntendcnt % Public
Works.
The deposits or bidder other than III.
one 90 whom the award ~ contract shall
be made wlll Doe returned Immediately
after the award has been madf
The amount u bond required FOR faith
ful performance vII be- t.n per cenfuW
go per Dentl 10 tha amount ~ the est
mated cost 90 t.e WORK according 10 ths
contract price ana am additional bond.
amount OF tn. estimated cost OF tho work
according f9 lne contrac, price. VIII b
required a. security that the contractor
month an lab0rers employed by him upon
the work specified O. oe done IN tho
contract
COMPANY ia offered as surety on said
bonds. o0-insurance only VIII bc sccepi-
Each proposal must he addressed 20 the
Superintendent OK Pubic Works Albany,
n s.. and must b. endorsed ou The on-
tslope with tAe name % tlf COnsfrIctIou
for which tie proposal is made.
Award, n mHa.. Hll I' made - tie
psrson Or persons whose proposal shsl.
he lowest On cost f0 the State FOR doing
the work and which shall comply with
all provisions required to render u formal
Before any award shall d. made the low
est bidder VIII be- required to satisfy the
Superintendent = Public Works q h-
absltF % provide suitable equipment AMI
na'rria.s T.. 'Ae pfop'r performance ~
The r.ght is reserved f, reject an pro
posais and r.adNert.' and ward ths
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
BRIEF WALL STREET NEWS.

The Etns Explosives Company az a
special stockholders meeting yesterday
approved an increase in the capita
stock from S12,500,000 70 Sl8,l0O,0OO.
and also an increase in the number OF
shares of common stock from 10000 90
100000 shares Of no par value. Diree-
tors we're authorized TO issue 10000
shares of the common stock 20 present
common stock holders, and the remain
ing 100000 shares viii be issued and
sold from time to time as determined by
tae board.
An extra dividend Of per cent has
been declared by the Savoy Oil Com
pany, along with the monthly dividend
Of per cent, both being payable Febru-
airy % 20 holders of record February ID.
The Scovill Manufacturing Company
reports for the year ended December
81. 1918, net earnings OF s5,s7s,362,
equivalent TO more than lle per cent
on the capital stock Its balance sheet
as Of December 81. 1915, showed cash
on hand amounting 70 s3,436,2l2, against
s3sS,560 In the previous year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
CHICAGO PROVISIONS.


Underlying conditions ia the coffee market
we're apparently s. irm as at any timc dug
ing the recent advance. lmporte-s SAID tnat
the freight situation was even n0-e acit'
than 10 has been at any time The demand
!u the futures market uas Unite. ana t
longs, who have been carrying coffee since
The buying movement which occurred ear
in January. were inclined % sell. prices Dc
ycloped reactionary tendency. and II the
close Of the day we're easy with net .osse5
% y points. Total sales FOR the day
were $3.50 bags.
Cost and freight offers were very much
restricted by the lack of tonnage and quota
tions were irregular with Santos rs offered
at 930N9.35 London credits and y.4Vc
American credits. Private advices from Bra
zil said that - was being asked in the freight
market there while local marine underwent
ers reported an advance In war risks owing
10 the activities Of the German raiders. The
srot demand was Of fair proportions and a
sale was reported OF 800 bags OF high
grade Rio coffee for export TO Greece.
The local spot market was firm. with Rio
IS quoted at s3,c. Range Of prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
ON THE CONSOLIDATED.

Firmness was in evidence on tho
Consolidated Exchange 80 far as the
general list was concerned, though
certain Of the industrial favorites de-
clined. Tho largest vol~me Of dealings
WAS in United States Steel, amounting
to $3.50 shares. 1t opened 1T BAN, its
highest. Crucible Steel. OF which
nearly 1000 shares changed hands.
opened at s2M. down thres-eights of a
point from Monday. went as high a.
s2Ss and as low as s0ss. Allis-Chsl-
mers touched high OF 93 and Ameri-
can Beet Sugar rose to 70}s. Mexican
Petroleum declined to l07k. Baldwin
Locomotive got down to 11aS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
South and West Improving.

Underlying conditions IN the South
and West. according to Frank J. Par
sons. one of the vice presidents Of the
United States Mortgage and Trust
Company. who has Just returned from
a four weeks trip, indicate gradually
improving situation. Cotton appears
20 be moving satisfactorily, especially
that intended for inland consumption;
and there IS "a noticeable revival IN the
long dormant lumber. turpentlne and
naval stores markets. The banks have
more money than they want. but their
policy. said Mr.. Parsons, seemed 20 be
strongly opposed 20 any imitation or
the financing Of speculative enter
prises.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09

si79 s. for futures. with sales OF 80 tons
spot and 10 tons futures. Copper In London
closed at fl0l los for standard spot and sioO
for futures. with sales Of 800 tons spot and
200 tons futures. with electroiytic quoted at
el3i for spot Lead firm. New York spot
el2hc and East st. Louis Sc. and spelter
firm. With New York spot nominal and kas;
- Louis spot l0.75o asked. In London lead
closed q, f52 for spO, and fsi l5s for futures.
with spol,er spot quoted At $50 and futures
ss. The American Smelling aud Refining
Company quotes lead at 6.l0c for New York
delivery and at 6.o2l1c East 81. Louis de-
livery.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
PRODUCE AND
GRAIN PRICES
Heavy Export Buying Ad-
vances Wheat - Corn
Firm and Higher.
New York. February 2, 1915.
WHEAT.

Tbs recent decline IN wheat, which
amounted 70 Sdi0c q bushel during the last
two weeks. apparently looked attractive 10
export buyers. At any rate. export sales Tor
the day wers estimated at fully 100000
bushels at tho sesboard and the Gulf. with
r1Imors OF more In the West Tie renewed
export buying caused general covering
movement, and result prices regained
sbou. half of Mondays loss. closing with net
gains Of 2G2isc-
Receipt, at primary points wero smaller
than either last week or last year. but there
has been some intimation recently that the
falling of In the movement IS due TO the
extreme cold weather In the West and 70
shortage OF cars rather than TO any exhaus-
ton on the farms. and II was thought that
with improved conditions larger movement
may be expected.
Bradstrect's visible showed q decreaae In
worlds stocks Of 2.5%7 900 bushels, compared
with an increase OF l.l57oO0 last year.
In the cash market No drum was quoted
NJ sl.46ia: No | Northern Duluth sl.50h
and No | Northern Manitoba Sl55&4, b
New York.
Corn was firm and higher. closing with net
gains of lLml2sc. The advance IN wheat
started an active covering movement. and
sentiment was Influenced by indications Of
less pressure from the country. Receipts
were quite liberal and some authorities main
t:n that the movement was being restricted
only by the scarcity OF cars. There were eX-
port orders in the market and saes were
reported of 10000 bushels. Bradstree;s VS.
ibl. showed an increase of AZ 900 bushels,
compared with an increase OF 3 100000 last
year. In the local cash market No yellow
was quoted at size, c New York.
OATS.
The oats market was firm and higher, With
actirs buying prompted by export sales OF
4oo.o bushels and IN sympathy With the
advance in wheat and corn Tho local cash
market was steady, No white quoted AZ
63MG54nc, No 1 white. 63h 953he; fancy
clipped white, 66I51cI ordinary clipped
white. 5sR65e, all elevator.
RYE.
MARKET steady No Western si.oeh . 81
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
PROVISIONS.

Hog products showed nl1ner tone and
prices advanced easily with buying on the
part Of leading commission houses and on
evidence Of improved foreign demand for
lard. Receipts OK hogs a. Chicago we're
81 900: estimated Tor Wednesday. $4,000
Kansas City received $1,000 and Omaha
Il 900. PORK steady; mess. S2Om 20 so .
fsmily. S22US24; short clear $3.50 s28.
BEEF steady. mes. Si6.500 81; family.
meas. S27.5OGiS2s. DRESS I'd Hogs firm
hacons. IO7sc: 10 10. lie: 100 ~. 1lisc: $50
%. II &c pigs. ll'.c. CUT MEATS, picked
bellies. quiet 20 DO. 12ieo. T. Do. l2Lic
a ID. liaic. picked hams steady, l4it 0
1iatc. TALLOW steady special. . &C.; city.
50 ,c; country. eusisc. LARD firm; Middle
west. lOlOdl0.2Oc; city LAID steady. i0T
1Oisc: refined. steady; continent. 10000
South America. lie. Brazil. kegs. l2c. COM
pound. steady. 1875 0l05sc. stearine. barely
steady; oleo, ioitc, city lard stearine.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
NEW YORK PRICES
CHICAGO PRICES
FLOUR AND MEAL.

The rally In the wheat market had a
steadyiug influence on flour. but the wide
fluctuations in heat and the nervousness in
tho market generally continued 20 act as
menace 20 business, and the volume Of sales
t2.75 pc 100 10. RYE FLOUR dull: fair
% good. S5.cO0 S5.15; choice 70 fancy. $3.50
$3.50. CORNMEAL steady. kiln dried
s320. BAG MEAL steady. fine white ana
yellow. $l.90. coarse Sl.12. FEED. city
quiet bran. bulk $3.50, 100 Do sac..s
$3.50: heavy midd!ings DO. s2i; -four mit-
diings do. $3.50. red dog flour. 40 10 sacks
s83: Western steady: bran. 100 10 sacks.
S2450 standard middlings do. $685. -four
middlngs do. $50 red dog -four. l&o ID sacks,
S32: oilueal SfOfisio50
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
SUGAR FUTURES.

After opening quie, point higher TO
points lower futures gained point Or two
on n little trade support late In the morning,
bu, I'm the early afternoon the market eased
OH two or three points on selling due 10
cable saying that Great Britain would re-
strict the importation OF sugar owing 20 the
lack Of freight ships. Later In the afternoon
lower spot markets sent prices OF with trade
selling. and the closing figures showed net
decline. % 4NT points. with sales 800 tons.
Range of prices:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
BUSINESS TROUBLES
BArsruptc Petition.

WARRINGTON FURNITURE COMPANY sssinH
usrrr Miller and cyrus Fisher. doing business A.
- Wa.hiugton Furniture Company a. 1887 y
Nichols av and ola Prospect ~. ~ ueso .isaa
itors simmons Manufacturing COMPANY. s9ls
nea i Korn.h,en. ,ss They also made ~
,isnlnent 10 Harri. Sussman. ia1inlcs az -.
snd ,ssets 5000 They h.gsn business IN No'efA-
W. -' To ContinUs Business.
LITTLE HUNGARY. TNC.-Judse Hard hs su-
,ho-i1-i Isaac Hcinsmin. receiver Ter Iiif-e nun
80 lac restaurant =, Broadway ard IN q %
Continue business twenty day. 11rict 9il-gls .,
secretary and treasurer ~ ne e0iPy1, 49, -, g. 49,
" a. r.,,hie 20 c-n,. cash AID 20 cents OFT q
,ts ,raats q the business. diude.p y De .a-'
,vsrv three months. liabilities are f-E.olv so ~
uss,s. 81. 800 The entire fixtures Hs '0'e'e' =
Petition Dismissed.
rocr rr-Ior-rRA--Iuds- Hand has dismissed 'h;
ros,,io, 1, h1nt-Ipiry flied on January y -, ?
ftnouera cigar Manufactured. o - "Atrt e.
T.tiIitles we're 8. 0oa and no assets
Receiver Appointed.
MICHELE RUrIGLrANo-IudEs Hand ~ 50.
.,,risd water d BTAnt receiver for 4ich.e
Rutisllsno. grocer A. gst 'feeceA. Nv A'A'i4''e'
srs J.. 900 and ass.ts sl.eoo
AvpIkaton for psehuss Denied.
rsIpoE GROssMAN- Hand has DE- lst
the Application for discharge ron oAi,1epsef 2.
I,idor Grossman manufacture of iuN a. - "a.
10Th 81. FOR faiur- % obey a. order o, the F-se'
Tor him 10 turn over 10 the trustee fsos4
Bankruptcy Schedules.
rOHN " COONEY COMPANY. plumbing con
.-,cfor a, IN Church a. has fled schedules show
ing liabilities Sjgs3s and assets 81 ssz eonssiils
o. sccounis S.2si unliquid.tsd Claims. s'5.s.t
SIS. and ono, furniture tlO9. The L. M5ii
Irou WoriS Is a secured creditor fof sIss-'9-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-09
U. S. Treasury Finances.

Washington. FEB s-Ths condition q ne Uni'e1
States Treasury today Wa
Net balance ~ general fund. fll-.'-O.'i3i 0.@-
feceip, S.Itof-i to.sl payments. s-s-l.o's
r.. deficit th., fiscal year IS !'2tjos'3 sgiir'
deaalt ~ 500 "a 80 a., yeAr. exclusive G.
I,r.fr. canal sna pl5ic debt uiIsactI0ns