davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
80 CENT GASOLINE EXPECTED
Heavy Dcma nd and small output
Direct Causes.

The increased domestic demand for
crrie and refined oils and the greater
foreign demand. with a gradual
slowing up of production. have caused
a steady rise in prices in the past few
months and oil men say that unless the
unexpected happens-opening of new
fields or decrease in demand-still higher
prices will result. Thirty cents a gal
lon for gasolene within a comparatively
short time is not considered at all
absurd.
An officer of one of til. biggest oil COM
psnies said Yesterday that oil stocks are
practically exhausted M that refined
oils. Particularly gasolenc, are sold AS
soon as they leave the retneries. The
reason for the gasolene shortage. he ex-
planned, WAS tina the Gushing, Okla.
field il steadily being exhausted. A year
ago this field produced 100000 barrels
"A day, while dispatches recently received
report the daily average as between
81. 900 and 30. ono barrels.
The crude oil Of the Gushing wells
carries u htgh percentage of gasolene
and it's gradual elimination AZ a heavy
producer mas had a great deal to do Win
the rise In the price of gasolene. The
crudes produced in the southern dis
tricts carry "A percentage OF gasolene SO
small as to he almos' negligible,
The price of ~gasolcne Yesterday was
quoted at "a and % cents a gallon, and
crude at the wells was priced as fol-
lows Pennsylvania. s221 "A barrel
Kansas n Oklahoma. N.25. Rumors
from Pennsylvania fields state that a
rise in the price OF Pennsylvania crTics
Is expected and that operations are hold
ing their supply. II is said that they
are so confident that the price will go Ia
$3.50 or even 50 "A barrel that a jump
OF = or 10 cents Immediately would NOT
influence them to sell.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
POTATO SHORTAGE PUTS
PRICES NEAR RECORD
Summer Rains and Blight
Cause Advance to 81 a
Sack From 1925.

There liz q shortage ~ potatoes. due
to last summers rains and potato
blight. and IL Is expected that the
price this winter will be the highest IN
years. Not only has the supply de-
creased. but the demand has Increased
by reason OF general employment. an
economic condition tending to push UP
the price OF foodstuHs. .
with a normal supply and a normal
demand the wholesale price OF potatoes
ranged from $3.50 to SEES a sack OF
165 pounds. The price yesterday was
from 1856 to 81 a sack, "a slight fall
ing of from the close Of last week, The
advance has been steady since August
I last.
u was explained at the state De-
partment Of Foods and Markets yeeter-
day that up to and during July potatoes
were so low that the man in the South
who shipped them here hardly made
enough to pay freight. Then came the
long continued rainy season and the
upstate potato raiser found himself hard
hit. The department IL confident that the
hlgh market Is not the result of manip-
%ulation. but Of actual conditions.
Maine potatoes are bringing from
1915 to - a sack. az against S2.23 in
1915. a year ago a good many people
stored great quantities Of Maine pota-
toes in the hope OF making n killing
and they lost money. Those who stored
the 1915 Maine crop are now laughing
at the fellows who didn't.
The New Jersey crop wax cleaned az
about a month ago and tn" Jersey
farmer was well satisfied. He received
from 81 TO S3.25 per barrel.
Long Island potatoes are now coming
In and are bringing as high as 81 a sack,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
MOVIES LESSEN
THE USE OF GAS
Despite Cut in Sales CONSOLE
datcd's Profits Are &c.,
222.6O2.
GAINS CHIEFLY INTEREST

The report Of the Consolidated Gas
Company for the veal ended December
81, 1915. shows n total income amounting
to sIO.22?,so2. against S7.e4S.e3S during
1914. which is equal to $50 per cent.
earned on the capital stock. as compared
with '.I3 per cent. on the same stock
in the preceding year.
The operating income OF the company
in the year was s3.522.22o. Other in
come derived from dividends and In
tercst on stocks and bonds owned and
advances made TO aff1liated gas and
electric MES amounted to $s.1o asa
OF the operating income for the year
si.l45.as7 represented the surplus earn
ings of the Astoria Light, Heat and
Power Company and interest received
on Investment in that company. az
against s1.127.ss6 in 1914.
In his remarks TO stockholders at the
annual meeting yesterday President
George Il. Cortelyou said
The gas sales Of the Consolidated Gas
Company fell Off during the year 1915 as
compared with 1914 s29.075.400 cubic
feet. or SOC per cent. It's gas sales
and those Of its affiliated gas companies
In the Borough Of Manhattan fell of
during the year l.23o.03 ~ 900 cubic feet
or h..3S per cent.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
FINANCIAL NOTES.

r. Runge & Co. investment. brokers, ~
Broad street, have prepared for distribu-
the Csrwen steel Tool Company.
Potter, Choate & Prentice announce the
removal Of their offices from So Wall stree
to the eighteenth floor of the Hanover
National Bank Building, . Nassau street.
Kean, Taylor a Co. OF New York are
Offering / 1900. 900 of the Interlaks, steam
ship Company 5 per cent serial gold notes
at 100 and interest. yielding s per cent. for
equal amour OF each maturity.
The preparation OF income tax reports
win be discussed at IA meeting Of the New
York society of Accountants and hook
keepers this evening. In the lecture room
az the Murray Hin Hotel after an address
on this subject by James J.. Ridgway,
Harris, Forbes 4 Co, Lee, HiEGinson 4
co, and kissel, kinnicutt 4 Co. are offer
ing the unsold balance Of e25. 900. 900 In.
terhorough Rapid Transit, first ana refund
ing : per cent. bonds. due 1866. at ssH
and interest. The cumulative sinking fund
OF / per. cent; per annum of the face
amount ~ all bonds issued and outstand,
Ing begins not later than July !. 1919
Kuhn, Loeb e. co. and the National CITY
Bank announce that the $500. 900 Chesa.
peake and Ohio Railway Company ~ pei
cent. equipment certificates offered yester.
day morning have all been sold.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
ECONOMY COUNCIL
CALLED BY MAYOR
Every City Member Of the AS
scmbly Invited to Discuss
Taxes Friday.
MERCHANTS ASKED ALSO

Mayor Mitchell sent yesterday to every
member of the Legislature from Ne"
York city and to various civic orGani-
cations a letter inviting them to take
part in II conference at the city Hall
at 4 O'Clock on Friday at which they
will he asked to support the economy
programme recently outlined by the
Mayor before the Brown legislative in
vestigating committee. He said he be-
iieved this would he the first time that
legislative representatives OF all parties
had gathered for UGH a purpose.
senator Robert +. Wagner and As
semblyman Callahan, minority leaders in
the Senate and Assembly respectively.
have assured the Mayor Of their intention
to cooperate with him In getting through
the Legislature measures calculated to
reduce the city's tax burden. Others
have also given their word by letter and
In talks with tho Mayor. The Mer-
chants Association and the chamber ~
Commerce have been asked to take part.
TO crystalline the action of this con-
ference" says the Mayor IN his letter, u
shall ask it to consider the recommends
lions I submitted to the Brown commit-
tee for reducing the city's budget for
next year by S25. O00. oo0. These recon-
mendations included the prevention "f d.
rect state tax this year. hon rule over
expenditures MAIDS from the city treas
NY. the transfer from the city to the
state of the cost pf vocational training
In the city and nf the regulatory en-
pense Of tn" Public Service Commission
in this district. the apportiormcnt TO New
Work. ,lfg az it, constitutional share
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
THE METAL MARKET

CORNER was ssaim -,rong yes'crda, It Was
higher ~ all iositious here and abroad The
continual advance is discuurasing to small
CONSUMING interests. but tho necessities of
manufacturers Of war munitions allow small
Thought OF price Late IN the day II MAS dii.
h"ult to secure quotations under w,t,c fnr
March, April and May shipment Of electro,
lyuc. Early, however. sales Of these positions
were mad" at BE on the rN-rrise Of OPTIONS
thhrl Oh saturday subsequently, April an.
MAY .oid ~ .1'.' and at Ia" close uf III.
day March. April and May sold al liz. Small
lots 81 spot "lectrolyt" hrou-ht .1c, and
some producing interests ucr. asking cvcr
slightly higher prit~s without securing any
business Of Importance.
|h' LONDON market VI. also strnu. An,
hleher SPOT eiecirolyiic being held ut TN. oi
~ huNail,' OF oN'r IN" prio. quoted las
Frlday. Standard copper at London was NOR
active and higher, spot ADVANCING ., to ilti
AMI futures were IN II i1s I'd tO - - ST
Sales of "a tons were reported
IN" exports reported from New York We.
terhay wer" ~ tons. tn" heaviest SHIPMENT,
htihg made IN Frame AMI Italy. hut IA ton,
NJ ingots vent to Ens!snd. II - notable tina
irso's rather than shapes are hcin. taken fn
export 10 a lar-e extent Til. imports rrpurtr,
yesterday were from south AmDTlc, ami rnb,
including N5 tons Of mig copu.r from Chile
as veil az IN tons OF orcs. t..5 tons Of III.
.opper from Peru and >oo tons of ores from
Cuba.
TIN wa. strong ami higher. but, very nth.
business was transacted In the open mark,
spot ~'s ohey-i at -" TIN At dock was nom
inally held al the same price. February va
offered al go, with sellers seeking hid n
Ns.c TIN afoat MAS offered At H. Late II
the day February was offered az iliyc. Marcl
q, Nisc. April AZ iNs.c. and May AT 4Niar
May and June together we're offered a, ,6c
Arrivals al United States ports IN the Lar.
few days have been 100 tons. making tot
arrivals since the LIST Of January 80 tons
while 5.775 tons are still ailoat Spot STRAIT
Wn AZ London was up Il 20 tlsJ StnLapu.
advanced to tls3 ln~.. with sales Of 90 tons
spot and futures
spelter was strong and higher but dun
SPOT and January vas offered NJ is7S 10 lac
februaIy AZ lss to l>a., March AT ia. q
lsiac. and second quarter at la. to IST.c Tn,
London market was e higher on spot and +
higher on futures.
Lead was in fair demand ana stronger. Nil
spot held at 8 ioc. New York and , w.. -
ST Louis. Future positions were IN bette
demand at sos to i lOc. 81. Louis. The Lon
higher OF futures
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
THE E MARKET.
Prices nigh, hut Tendency u sin
Upward.

LARGE inquiries are in the market for steel
bars and billets 20 te used in the manufacture
Of hlgh explosive shells IN tins country and
abroad, New inquiries in the last few days
have amounted to over 100000 tons Heavy
contracts are also peiding for loaded shells,
but u Is almost impossible to place any such
business now for deliver, even during the
third quarter OF the year. TIL" demand for
bars; plates and shapes for structural pur'
pos.S continues active. The market II strong.
with a tendency OF prices still upward.
The advance of s. a ton III wire products by
the American Steel AMI Wire Company. noted
yesterday, establishes the highest level hat has
been REACHED within the history Of the United
States Steel Corporation, but from the stand.
poiut Of supply and demand the prices current
seem none too singh, according To trade al'
ihorltIes, and even higher prices may tie
expected within the near future, Export in.
duiries continue urgent and for heavy ton
mage.
Thn demand for pig IRON ~ the Eastern ter,
ritnry ls confined TO relatively small lots Of
foundry grades. but one or two large con
Tracts are Understood 20 have been placed
with furnaces in the Buffalo territory for
shipment to western and central New York
manufacturers Steel making iron ~ quiet at
the moment, The demand for foundry grades
IN the Pttsburg district is stu confined
within narrow limits because OF the continu.
ance OF the mollers' strike In that section.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25

The s%oftncss on the Consolidated stock
Exchange yesterday Of such prominent
railroad issues as Union Pacific. New York
Central and Erie was noticed early.
A. the session progressed United state,
steel common gave way sharply, breaking
In the early afternoon to s?i2, after hav'
ing opened Mt s>is. u Of a point above II,
closing price on saturday. this openins
price being It's highest for the day. or
the final rally IL closed at s3as.
Commission houses handled during tn,
day a large turnover Of odd lots. dis
trihuted over a broad list. transaction
taking place In seventy five different
issues, corn Products was a sprcialt,
which displayed exceptional rmness. i
opened at %, ON = Of "A point from Satur
day. and after touching 12& advanced !,
2th closing at eak sales Of all stock
were $500 shares.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
MERCHANT MARINE
IN PACIFIC LIKELY
New S5O.OOO,0O Company
May Create Fleet for Trans
ocean Trade.
IN COAST TRAFFIC ALSO

An intimation that the American In
ternational Corporation. the new $780,
10000 concern which was recently
formed to promote and further American
finance, trade and industry in other
countries. has in view a plan for the
steamships which will keep the Ameri-
can flag fying In the Pacific in ocean
as we'll as in coastwise traffic was con-
tanned yesterday In a report Of the cor
poration's progress issued by Its presi-
dent. c. A. Stone. He stated that George
J. Baldwin OF Savannah. Ca. had been
elected a vice-president OF h Ameri-
can International Corporation and had
left at once for a Francisco TO
look into the affairs of the Pacific Mail
Steamship Company.
II will he recalled that only recently
tina concern was driven out Of business
large boats to the Atlantic Transport
Company. A few weeks afterward W.
II. Grace & Co. and the American In
tcrnational corporation purchased the
remaining ships of the Pacific Mall feet
and announced that they planned 10
continue them IN service to the PACING
| coast ports Of South America. thus keep
ing the American flag flying In that trade
II not In the tr~anspacihc trade. Al
present the Japanese lines have the
rad between u Pacific coast ports
and the Orient all to themselves.
ylE,l- Ns Cta, raftap tn Tnynutt
himself on what the policy Of the cor
poration might be toward the develop
mert Of u transpacifc fleet Of steamers
Aging the American flag, his
ment impressed Wall Street that nego-
~tiations to that end might he under way
especially I'm view Of intiinations which
have been made from time to time In
| National city Bank circles.
Two other important steps have beer
taken in the completion Of the orga'sza'
ton of the American International Cor
poration. The services Of Dr. Richard
v. strong. who had such success In pre-
venting tho spread o. typhus IN Serbia
nave been engaged. His specific duti.'
will h. to assist in building up the or
~gauizatiuu viii the right Kind of younI
men and to follow up the men of the or
ganizatiou who are at work In foreign
countries as well az 20 take up any dues'
tons which may arise in those countrie:
regarding sanitary and health conditions
The cooperation ha. also added Phili
Henry, engineer. to its STAFF. Mr.. Henry
is well acquainted VII railroad and
other enterprises IN South America anj
will ~edly act Ia an advisory ca
pacity to the corporation in the purchase
~ the securities uf railroads and othei
companies in South America. II has
been reported for some time thai the cor
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
HIGH DUTCH EXCHANGE
PRESENTS A PROBLEM
Checks Importing Of Diamonds
Talk Of Depositing
Gold Here.

Owing to the fact that exchange on
Holland Is selling we'll above parity
there was some talk yesterday In Hnan-
cial circles Of depositing 1000, 900 or
more in gold with some institution here,
which would act AS a depository by
Dutch banks. This would serve the
sam purpose az creating an American
credit in Holland and would do much
to facilitate commercial transactions
between the two countries.
The reason for depositing the gold
here rather than sending II TO Holland
II that gold shipments In these days are
attended by great risks because Of sub
marines II mines. and also owing to
the fact that Great Britain recently held
up two gold shipments made to Holland
from New York.
The parity OF euilders Ia about 10 is
cents In our money. but Ruilders are
now quoted at t37s, after selling as high
az @419 or more. II was only recently
that interests prominent in the diamond
trade announced that the present rata
Of exchange or Holland made diamond
importations almost pr%ohibitive.
Exchange rates on nearly all Of the
other leading European countries. with
the exception OF Russia, were easier yes
terday. Sterling closed ut as for de-
mand and t7s% for cables. as COM
pared with 40 3-1s for demand and
AT for cables OF Saturday. Francs
we're at a.s1 for checks and $751;. for
cables. They were quoted at the close
Of last week at 5.Ssig and 5s6 rcsper-
lively. Italian lire dropped from SIS
10 6.s1. while rub,es closed at 2ah
against 2?A on Saturday.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
IMPORT NOTES.

the protest bureau at tn" lo,al custom
hous. made public yesterday ,ho list Of
states General Appraisers during tho week
ending January 20. 1916. According to this
nT, ,npoh,'rs srs rrep"ring ',s' cases
act or 1919, OF the following classes nr
merchandise: Pituitary glands ia a raw
stat. Intended for use in tn" preparation
OF Therapeutic remedies; cotton handkcr-
chiefs from which threads have been
nra"n, win ornamental design in form Of
nesla In bottles OF less than ~ pound.
gross weight; advertising signs ~ p,per,
meta, pyTokiin, sc, pyroky.in chief liiu,
columns lamps. founts, Sc. % marble ~
slahaster; tapestry or upholstery goods ~
metal threads and cotton. metal threats
chief value; baskets Of willow ana OF col.
ored bamboo; sandals of straw, cotton,
&c, cotton CHIEF value, paddings Of cotton
and iutc. lutte chief value: ,inings, wirh
cotton warp and wet Of hair Of the a.
lets or paper decorated by hand boxes
containing paints. colors. brushes, Sc. ton.
mis- raoqu"ts under seven inches from throat
or silver and gold; cotton trimmings ~
sn1i'ch fringe; Quilts % a spun sir warn
to he carried on or about tn" person, com
posi-" Tr o, nickel plated metal
Importers Association, u. $. A.. Inc. with
headouarters at 1875 Broadway, his CIty'
VII take place this afternoon in the rooms
1919 '''i' Nv NSsltldflnl1
In the FHatlron Building at Twenty third
street and broadway. This meeting Was
originally scheduled to he held a week
ago. but was postponed owing to the short
notice given to the members. In addI
tion TO the election OF officers and
trustees, several Important issues OF genera
Interest will be discussed.
Collector OF the Port Dudley Field
Ma'on" has been instructed nv Assistant
secretary OF the Treasury Peters to here
afttr assess duty on woven fabric tNblr
covers and bed spreads imported I'm tho
piec" AT the rate Of 30 per cent. nd
valorem under paragraph .6t Of the tarin
act OF 1919, The customs officials up Ia
this time have been classifying this mer.
chandise for duty under paragraph 252 at
tho appropriate rate for cotton cloth TIL.
merchandise consists Of woven cotton
cloth. In the piece, seventy inches or over In
width and about thirty yards IN length, and
has printed thereon designs Of table covers
or bed spreads, and between the designs
there IL sufficient space to cut the cloth
into separate table covers and he'd spreads.
The Assistant Secretary holds that the
merchandise should be treated for du,iable
purposes as II the articles were already
cut apart.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25

..>monr the reasons assigned for the
rosu,, shaun is the effect Of tho Euro
neap war upon large and small manu-
featuring concerns which are dependent
an L,urone for their raw material and
have in consequence greatly reduced
their outpt,t. resulting in "A decrease in
gas CONSUMPTION the growing popularity
~ moving nicture theatres. which oper-
a,cs Ia decrease the domestic .Ansunp-
,ion ~ 9,s for Illuminating PURPOSES (;
tho ever increasing use of electricity for
such nurpns.s as we'll AZ the growth ~
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
RIDDER CONCERN AT AUCTION.
international T,p~scttinR Machine
90. Brings AI,05O,OOO.

The International Typcsetting Machine
Company. OF which Herman Riddcr was
president and which went INTO the hands
OF a receiver shortly before a.. pub
fishers death, was sold yesterday ~
auction in the Tempt" Bar Building,
B~rorkiNn. for $i.ii0.o 0O 20 tho rcorgaI-
izatiou committee of the rompan., Philip
Dodg. Of the Nrrccnth,ler linotype
Company bid sl.6.5.o"o Tor tho concern.
Th" company will he named the Inter
Type Corporation, II Was stated. and
will II, capitalized at $1,000. 0oo pre-
ferrad. $1,000. 900 second preferred and
So. zoe. 900 common stock l.rskinc Hewitt
heads the reorganization committee,
Among the other members are Edward
y Adams. eX-prcSidcut OF the Northern
Pacific Henry Cooper OF the Equitable
Trust Company. Richard S~artwout Of
the banking Nrm ~ Swartwout 4 APP
penzeller. and Livingston rlati.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
SLADE DEFIES A REFEREE.
Rae Tanners Lawyer Refuses ia
Answer Questions by COurt.

David Slade Of the law firm OF Slade
e. Slade. which represented Rae Tanner
In her suit against James W. Osborne,
appeared before Referee Wallace Mac
Farlane yesterday morning and refused
to answer any questions. Mr.. MacFar-
lane IL hearing testimony respecting
Frank ID. Stafford, the Plainfsld hotel
clerk, who was convicted Of perjury In
the Tanner case.
Referee MacFarlane may 20 before
United States District Judge Hand and
obtain an order compelling Mr.. Shade to
answer the questions put to him, Mr..
Slade In refusing to answer questions
said
II am here merely on n from
the referee, challenge the regularity
OF these proceedings. There Is an at
tempt to make a charge against my firm
indirectly and by implication. 1t IL an
outrage and an injustice. ] am entitled
TO know whether these proceedings are
the basis for "A criminal prosecution. An
insinuation Is made by the United States
District Attorney against me and my
firm, ] defy the United States District
Attorney to prove these i%nsinuations.
I am here in answer to a subpoena that
was not personally served, but served at
my Office
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-25
THE SUGAR MARKET.
Refined Firm-Trading I'm Futures
Indicates waiting Policy.

The sugar market appeared TO have as
sun,cd a waiting position. The only sales
Of raw sug ar reported were 10000 bags III
port at i.11". for centrifugal a6 test du'y
paid. which was unchanged from last prlces
Cubans were said TO he offered here ~ 3Nc.
cost and freight for February shipment, but
they were not being pressed for sale and
the whole situation seemed TO hinge on
whether or not refners will continue Ia
make purchases.
In the refined market there was compare
lively little new business, but Withdraw AIS
on old orders were quite active and prices
remained firm on the basis OF 5Sc. Tor hne
Rranulated.
The market for sugar futu re effected the
waiting policy noted in the spo, market
Tho volume OF business during the day was
small. total sales amounting to -" tons
while price changes were narrow. the close
being two points net lower to two POM
higher. Prices follow