davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
PIG IRON CAPACITY UP
AT START OF MONTH
Strikes Keep January Output
ReloW December Record.

Pig iron production last month
though reduced somewhat by the
Youngstown strikes. was still only a
little below Decembcr's record of B.
900. 900 tons Furnaces IN blast on
February had d productive Capacity
exceeding that at the beginning of the
wear. steel for muniton purposes, II
is said. is being bought for delivery TO
the first Of next year, with forelgr
purchasers willing TO place contracts
six months further ahead.
"Tbe Iron Age" says: Pig iron pro
duction in January fell of signify
from the December rate, but the loss
was due entirely 20 the strikes al
Youngstown. The $4,000 tons reduc-
tion there was nearly made up by the
blowing i'm Of furnaces IN other as
tricts. I'm January the country out
mt was 3.1SS,341 tons. or lO2,o9O tons
y day. against 3,203,322 tons IN Decem-
her. or 1903, 1873 tons day. There was
q not gain of II in the number OF ac-
tive furnaces last month, 3O7 being IN
his, February I. with capacity OF
1O7 172 tons a day. against 295 on Jan
nary with capacity Of lO5'AOO tons
"Tbc Iron Trade Review" will say:
"Heavy buving of steel for the manu-
facture of munitions for delivery al
ter January /, has been the foremos
feature Of the weeks market. Much OF
his has been done for France. The
buving this week has been limited 20
delivery by January I, 1914 only be.
cause the mills do not care 70 sell
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03

TIE f,iigefrg we're offered n one iot and we're sod
sfh0uf sny r-pfs.fntation Cn me part
- fHa ssi-r t-on sfnH. Nr''- Rsal k-tsi~ laa'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
The DAYS Bullish News.

Merger stories, including the positive
..s,sren.s that the Lackawsnns-Cam-
.-a.Yourgstown steel combination had
..s,bei the stage where there would
b, 10 withdrawal had much 20 do with
10 rev hopefuincss. Then the as
.g-snees from Washington thai there
r.s no longer any crisis" over the
,~.,,sris matter and that probably
.ts-s would be an early and salts
..,.orv conc,us on Of the correspond
re with Germany added luel to the
cane. In Che course Of the day, too
.iere cane out a curious report about
,rseor6a- always the subject Of ru-
-o-s-to the effect that * was planning
.,-e distribution. either Of prohts or
- NE stock. % d gold mine II owned
"a Peru" For most people the Ana
.,-ss company has always been re
-rssS as copper producer, pure ana
ample. and 90. as an owner o. solG
ones. 4 variant Of che story was tha'
-,ld IN paving quantities had been dis
,vered 10 one of the company's mines
. che United States. There IS the 0lc
sr.s cold and silver Company that
te corrarv owns. bus OF late years
rs las mostly been operated by
es.ess. and .tare IS 10 record Of BIG
reduction from its properties. The
Do. gold reclaimed trom all the Ana
las properties 10 1914 was Little
than lu0.. ounces.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
,,roan Journey ana
" stlrp Rally in Stocks
Cause Conjecture.
OBTAIN SEEKING
vi No NEW LOAN HERE
.hIoan of 100000 Is
,,o Wind Tobacco Board
Votes Usual Dividend.

, street had TWO main subjects
...o.s,on yesterday tho rcSurgot
q ms-set and thc imminent depart
.Ip. Morgan for Europe. The
=, market WAS the principal theme.
vi, becsu,c Nr. Morgan's contcm-
...s Journey was not known until
..... .tr business day Though ,hclc
~ b.sr considerable liquidation In
...l,r. and Mondays markets, II
surprise that the speculative
....sor Rad been improved TO the eX-
~. hat was Shown by yesterdays ao-
-. Wha. aroused most interest
e ,be brokers on the floor was the
an smoun, Of stock that was mot
- ~ The r.sc. lt had been expected
ID. many of the pcrsisten. longs
I'D no. been frightened ont on tEe
,.r,ss would De glad enough TO re-
-, ,beir commitments when prices
-..,7.d. but such did not seem 10 be
d. ease Seemingly. the rapidity with
-. stocks recovered their worst
.,... put new encouragement into
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
MONEY AND EXCHANGE.

FEDERAL RESERVE DISCOt N RATE For
paper maturing 90 fsr days Cr less. pe- cent. I'D
n u'nety dtss Ter cent
cNr ,fo.ry ore-ei A. II. rc- cent. high,s-.
80, NJ W., .'. ~ 'cri closing IA, ~ cent.
-, fi re- ,..f
NJ. e,4.-
TINE NlNtl As 4-le'- 49,, ~
Csn. Cor su' drs' = gI .N 'F .i.. 'a'''
a0a 9'r c'N' i'f Jour. i've ann ''N '-
MERCANTILE PAPER was steady Ruling la'e,
uer ,c.t 20, best iamcs. oitA acceptance. "a a
D.. c''
- az. "a ~, ~" hsia1'-s SssSSfl1 ITO
f-h.o- -, BIZ. .rr.,tstt ..f s-It 100
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
BRIEF WALL STREET NEWS.

Directors Of the Guaranty Trust Com
pany yesterday elected Albert II Har-
ris. vice president Of the New York
Central Railroad Company, to the di-
rectorate
Stockholders Of the Federal Light and
Traction Company yesterday elected
L. c. Gerry a director, succeeding ?. B.
Simonds. whose term Of Office expired.
s. A. Warner Baltazzi yesterday was
elected director Of Lloyds Plate Glass
Insurance Company. 70 take the place
Of the late Robert 3. Woodward.
The Central Coal and Coke Company,
i'm it's report for the year ended Deem.
Der 81. 1918. shows net earnings or
1923. 6s1. which compares with S626. =
earned in 1914 Surplus after expenses
interest, royalty, etc, totalled S2l3,'51
a loss Of Sl05,l63.
Howard S. Mott, who has been CON
nected with the Bankers Trust Com
panv in nm advisory capacity on securl-
ties. has resigned to go into business as
d consulting analyst
Hallgarten & co. and Chandler TO-
of Philadelphia, announce that the
81. 600 600 Fisculohr preferred stock re-
Gently purchased by them has all been
sold.
Charles Hayden has been elected
president of the Nassau Light and
Power Company. This company mas
been sold to Hayden, Stone & Co.
-. Y. Koontz e. Co. have announced
that after a satisfactory readJustment
of their affairs and all legal difficulties
removed IL has resumed business under
the same name at % Broad otreet'
Partners Of the firm remain the same.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
srRRnGArEc NOTICES.


york hr tlr Grace - God FREQ and II
dopf dent To Phyllis ''en-tnllnt huii
erforg Charles Jenu'nes. AIh'ff i"hr
stiles. William a. ufh.rford niiics 'foiS
Lowell Stiles and Alan Douglas rI.I'a aN'
% any other great grand'llIn ~ kttaf
grandchildren aut llufHl descendants or
robert Rutherford deceased, William
Rutherford. deceased tnl Agnes tuihti
ford Groy deceased. hrot1ers ana este
~ James RUN ff'ro d,.'As' u. l''...'
Henry huih'i l,I'. " 80.
persons cia, D." -.
OF either 81 them. u amy. " ho.n neii'
end places Of rcs.iefre arc un SHOWN .n'
20 al persons Interested aa lfgaffts 20 ~.
49,. al rronry TtffHtrf.rJ. deceased. who
80 ,b, tlf.a ~ IIs death resided az Tho
Uot-l A.tor. IN tic C.fY and county ot
-. N.rL sf-s.D t,ftfErINft
N,M l'.r. ~, ,fr5.-,. l phirsrd
pom tire prIL''h 81 Nii P,
rfsidln- az 80. snt lAINtNl b 'n.t-. =, tN'
Borough ~ HrunkItI liI| NI HfH TOT"
Nnu and each II YOU ar here clffu
to show cause before our Surrogate % thn
count, OF Nrv York 90 the surrogate
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
PROPOSED CONTRACT.

Comics ~ the proposed resolution, contain
ing the form u contract with all the terms
AMI conditions ~ the grant, may he OF
'sinei al he office Of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
COTTON RALLIES
FROM EARLY DROP
Prices at Close Show Net ADJ
vance of Point to De-
cline of 2 Points.

An early break carried cotton prices
into new low ground for the move
ment, but rallies followed. and the
close was steady at a net advance OF ]
point to n decline of 2 points. May
contracts sold down 10 | 80, 3 points
under the low level Of Monday, later
advancing 10 1909 and closing a. 1906.
Liverpool recovered part Of sharp
early break before the hour Of the
local opening, but the unsettled ruling
in that market and Tuesdays decline
in spots at New Orleans seemed 20
cause a renewal of more or less gen
eral selling or liquidation around the
local ring. The market here opened at
a decline OF TO points and sold 10
10 Is points under last nights closing
figures during the early trading. This
wave Of liquidation appeared 20 leave
the market pretty well sold out, how
ever, and prices soon steadled on COW
ering and fresh buying. Fluctua-
tions were irregular during the after,
noon. but prices became iirmer toward
the close, with active months selling Z
or 3 points above Tuesdays closing
figures.
Southern spot advices were conflict
ing with the reports suggesting rele-
tive steadness in the Southwest. The
markets as officially reported were
nearly all unchanged, the more promi-
nent exceptions being Augusta, when
was II points lower at ll.38, on sales
of 7Os bales, and Mobile, which was 20
points lower at 1925, with sales of 10
bales. Houston was unchanged a. II
cents. with sales of 1872 bales. TX
ports for the day were 1888 bales
making 2,s76,69l so far this season.
Ranoe ~ prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
UNION RAILWAY COMPANY OF
NEW YORK CITY
l25TH STREET

,o- a mobilization OF contract dated Sep
,ennber .. 1915. granting said Company
franchise so as 20 permit ~ operation on
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03

proycmsnt Go. 5.ycsr consolidated first rnorssr'
Z per cent bond. due October |. 1914, coupons
1912 and subsequent attached 81 North Amerie an
IAfe Insurance Go. certificates. 200 shares rsnis
Julians Mining 90 1913 shares Parieys PARK s
rcr Mining Go $40 EACH. 100 shares New fofs
and Caayerss county Gold Mining 60. 81 eachl
and ~ shares fishkll Boot All Shoe 90. 40
mo foilOsins notes offered ~ lo and we're
sold SIS L. D." without auy representation on us
mart oi the seller and viii be- lnd0fsei without
rsc0tIrss ~ the e,ecuiOfs $500 note ~ George "
Uonircou dated May 3, 1877 500 note ~ =
lake. dated June 2. 1911 So note = y E.rell
MacLaushin dated July 81. 1910. $50 note y
" n se0fcd dated March q. 1909, io paid
on account $40 notes ~ Guthrie r. Wirder. ono
Tor 800 dated November :. 1896. and ono Tor
$50 dated March 3. 1897 lot ....... 81
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
Railroad Earnings.

The following comparative railroad
reports for December have been MADE
public:
New Yori Ncw Haven Hsrffrfd-|ro.. tsos.s
"a Increase 81 oi2. fA2. net after taxes - tpoo'N
increase $500 sil. 49,. a.,
New York ontario s Western Gross s NJ. o2f
inrrca~ SsiF2l net after i~res 'i9' 49, increase
St5.Fl d.. 80. a.,
central New England RaNeay Gro>. SIS 49,
Increase s9l7l;. no afiT taxes NleVl''' in''eA'7
Ctirag, indianapolis & Louisville Gross 1000
go Increase 'l52t7. net s2ol.lI increase
Dginfh south Shore ( Auaniic--GIoss t21s.sst
increase $40 294. net S9i5.o asresse ~ ss..- -,
vrerai Rsngr-tiross tp1.se9. increase ssI,ZIl .
rrf s78 3IT. Increase 81 80. . q, o.
Minneapolis. - Paul 4 Ssnlt ste Mar, '5fo~s
g. I0g aSf increase $40 $50. net afer taAes S'np
..s increase SiON.al5 - -,
Nirginiar Kanaay Gross s'n'-i2 increase VII
a.. ,.f AFTER taxes 500 7.s increase S''soi
Georgia southern A Ilo.lia -cro.l !. ''''- in
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
G. J. Is y 20

beyond. The foreign buyers have been
offering business as far ahead as July.
1917 Selling Of she'll steel in the
week aggregated some hundreds OF
thousands Of tons. Steel makers have
boon approached by domestic manu-
racturors Of shells with the iuforma-
tior that the French government Is
about 90 place enormous contracts for
shells in this country, aggregating sey
crai million.
aside from war business, the mar
ket has continued 20 present a pro
ceseion Of heavy tonnage OF new bust
ness before the mills. much Of which.
Of necessity. must be refused. The
price line Of the market still is up
ward"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03

Fh'Lir hHlNELANDER.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
ON THE CONSOLIDATED.

Decided strength developed in the
later dealings on the Consolidated EX-
change. United States Steel, Of which
about 24.500 shares changed hands,
opened at s2i4. Anaconda advanced to
s6ss. Crucible Steel advanced 10 1874.
Republic Iron and Steel touched a high
OF 53ss. American Smelling ended at
1O1ir arainst an early low OF 9Sls.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03

9,s. s,2s- on ne New Norh Metal ~
change ,n was quiet with spot In hve-tou
iof. quoted az 4l.25 bid. Lead wac steady at
s.l0r for Nes York spo, and 5.sjc East ~;
Louis SpcIter dali. New York spot nominal
nj Fa.t II Louis. February, 1850 asked.
IN. American Smelling and Refining Go.
quotes lead at 6lOc FOR New York delivery
aud A. 6.02i.c East -. Louis. In London
lead closed AZ i3l 0s for spot and $50 Us 81
ion futures. Spclter spot $50 and futures
80 Tin IN London closed ~ eli9 To- for
f,,t,r,-- with sales 81 30 tons spot and so
Tn. futures. Copper standard spot i9i los
and future f93 with sale ~ 800 tons spot
and 200 tons futures. and clectrolytic spot
$40, los
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
PROPOSALS.

JOHN G. CLARK. A,torey for Executors. - No-
sag Street Borough o. Manhattan. New fofa 'iv.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03

Cotton Exchange special Liverpool cables 4:
Spot cotton easier; sales. 5000 bales 'pecu-
lation aud export. 500: American. 1000. I'm
ports. $1,000 al American. Mid-upland.
sod. Futures opened quiet but steady. at
To D, points higher closed barely steady. a.
net decline of ~ 20 81! points. March
April. 7.s2lsd: May-June. 7.SSd. July-Au-
gust. 982d October November. l.0Si ID jan
uary-February. 695itd. Manchester-Yarn4
quiet but steady cloths dun.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03

Tic freight situation Was the dominating
feature in thc coffee market and o. freight
tat.. to So. york wnro SAID % have been
advanced lp $3.50 and 20 New Orleans sl.oo.
% vs. thnavht tnat tonnage Is becoming
,-arccr iu Brazil. This was partially con.
frmcd hr attempts ou the part OF some of
thc .malicr shippers 30 Brazil 90 cancel con-
tracts previously made FOR prompt shipment.
A. the outset fhe market was easier with
t-ic.s = FOB r. points below ;he previous close
under scattered selling due % decline OF
I'D in Rio exchange. hut after the early
selling movement. hich was small. had SUBJ
sided tic market developed % fmer ton"
and nt the close OF ,he day was 70 10
points met hivhcr. Total saies were 5000
bags There ucrc comparatively few cost
and freight oHer. received and prices we've
firm. with Santos l's quoted AZ 9.2oc. London
credits
ln tho SPOT market prices were firm with
Rio unchanged 600 fhc basis Of $50 for -.
while z sale of 5000 bag, OF exceptionally
fine selected Santos coffee on the oasis Of
9fsc for is established Che santos market ON
chat basis. Range of prices.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03

New YORK. February 2. 1915.
REENIS.

Receipts. l.q3s head - ears on sac
s,ccr. IN light supply. and generally steady
o,.crt for common. bulls and cows. very
Jnll ~, further decline of i5"25c: yard.
moi fully cleared. Steers -old at go SO
nor 100 lbs: bulls. S4.50m S6.3j cows. S@.''ft
50 With a few head at $500" $500 one
tansv COW. g tailcnds were reported seilhg
rs low ~ s2Ms2.50. Dressed beef slow al
last quotations.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03

Receipt. i.,l2 head. i.o61 head ON sale.
There Wa little better inquiry 'h"n on
- s,;,h nrire. substantially the same.
,,r s0r lower than Monday. The Ien' we're
cleared. Common 10 choice yeals. SOLD az
ssmsl2. per 100 lb.. cuils. Sof's' barn edlhl,
Yard calves. s5.25m $3.50. earrings, S'..'h
$50: city dressed vcais easier ~ 49, ~ l''
a few extra carcasscs, ls'sc' couhti5 uie'
slow lyff16l.c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
SHEEP AND LAMBS.

Receipts. $3.50 head; ~ car' on SAFE.
sheen we're full steady and lambs also WIN
no choice or very prime lots offered ON .-
mon 10 prime sheep tewesl. sold 40 S'''
per 100 his. culls, SS50H $40 .aIn,''
ton steady AZ gigMlgc. dressed lambs. liH
I7i,c: country dressed dollhouse lambs $50"
40 rrr cIIra.s.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
UOTHOTSE PRODUCTS.

BEET GREENS. box. $50: CUCUMBERS.
doz. 5OcGsl.l2; culls. box, s2nS3 DAN
bnnches 4OG5Oc; MUSHROOMS. white. 4
III basket. sl4Odsl.65; cream. si25FtSl.5O
brown. siWsI4O. buttons. 75cMsl fats and
opens. 5Od75c; RADISHES. 100 bunches.
5 .5Od 50: RHUBARB. Western, doz bunches.
iOsf60,. Eastern. bunch Of 10 stalks. i0Gb0c
~ stalks. 81 state. doz. small punches, SOC
r5c: Mich. 40d s5c; Cal. slWSilO; To-
vATOEs No. lOlI 26c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
SI-GAR EETIRES

There was steady opening IN futures to-
day. with continued buying by trade in
icrcsts. influenced by strong spot and re-
fined market. and after opening . points
lower 10 ! point higher. values advanced
few points hut the volume of business was
not large The market closed steady. 1 point
net lower 20 points net higher with sales
for the day $500 tons. Range of prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
FRESH FRUITS.

APPLES spitzenberg. Dbl. Sass JON
athan. s2Qs4; Yorke Imperial, va So
Wealthy. s24s3: Winesap. SEA $3.50; Stay-
man Winesap. s2Ms3.50; Twenty Ounce. sZG
a. 75: Inllman Sweet, s2ds3.25 Black Iwig,
s2Mss; Va mixed. s2Ms2.50; Greening. s!H
SO: King, s2ds3.50: Northern spy, s2MS
Baldwin, s2Gl3; Hubbsrdson. Black Ben ana
Gano. s2Ms3: Ben Davis. sl.15M $3.50; De-
lcious, western, box, Sl.75d S2.Z5 spitzen-
berg. si.5Ods2.50 Rome Beauty, sl.SO4sZi
Newtown Pippin. $1,000 s2.25; Jonathan,
81 .s0Msl .76; Stayman Winesap, si.ZJg SLID :
Winesap. siS0mS2.l5; Ben Davis, H.2oH
$3.50: Black Ben and Gano. Sl.25Msl % !;
Golden Ortley. s2Ms2.60: PEARS. kiener'
Dbl. sl.50dS2.50; basket. 25q Soc CkAN-
BERRIES, Cape Cod. late sorts, Dbl. s. .oOH
Sill per New York crate. s2.25ns2.1o; early
Black, crate, $3.50 s2.25: jersey Howe, bDl'
s7msl0.50; Early Black. s65OH $3.50; ma
tive, s6.50dss: common, s4qS5; Howe,
standard crate. s2aS2.75: ordinary sorts,
sl.75MS2 Long Island late sorts, Dbl, $50
sll early sorts. s6.75M IS early sorts, crate
sl.75M $2.25; STRAWBERRIES, Fla, Mis-
sionary. quart. 20m 25c: Nikomas. lOc ::
kUMQU ATS. Fla. quart. 8d re; TANGER-
INES. Ia. strap. s2Q 1850. Porto Rico sl0
81 KINGS. Fla. strap. S2.30m $3.50 Man
DARlNS. Fla, strap. slmsl.75; SATSUMAS,
Fla, strap. sl.5ON $500: ORANGES, Fla.
box. <lMS4. Porto Rico. sl.ljHs2.l5; Cal.
1880 $500. GRAPEFRUIT. Fla. box.
sl250 $3.50; Cuban. s2ms3; Porto Rico.
ASSES. Jamaica. Sl.50n<2.25; san Pedro
sl.50n 80; Isle Of Pines. SL5OHs3; LEMONS,
Cal, boN. s3H5Ll5. Sicily, S3T $3.50 {:
LINES Dominican. bbl. 7Msr5O; PINE
App rs. Porto Rico. Red Spanish. box.
s'60H2g
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
IItjt.S.

Receipts. s69i head. including about Gar
for the market. Prices were. l0m Toe higher
than Monday Light 20 heavy hogs 500 az
S7.l5ass5O per 100 lbs roushs. s6.'ad ; b..
Country dressed hogs steady al ''e" iie
Yer ID.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03

PHELPS EROS CO. manufacturer - boilers.
,sdis+o-s etc., ar 80 water 50. a'i also a' Wa.H.
instou. showing liabilities ~ ssls' AND asset OF
-ia. accounts 1911. sharet u. clock BOO o.Ir.
companles. $4,000. cash in hart.. ''lg'. ausr.e1
hv fla osrE. ou account NJ notes. cash nm mana.
tE srd eIuity in real estate. $500. four lots a.
White Plain. a.,
ABEL LANCER dealer IN clothing a. Port 'h's,
Tor sho,,irs U.bliti., " tio.lgi and a.seis oi
"a l3f in stock and ftfu-e7 le also orerei
-oIpo,tlon 10 creditors ~ 20 cents nn 'hc dollar
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
HAY AND STRAW.

Trade, quiet. High grades, steady med
INN and low grades. weak. Erie has again
placed embargo against hay billed New ior.
Iighterage. or to Brooklyn Eastern Distrlg'
Terminal. or 10 2sth st. HAY large ps.e";
TO No :. sism SCI shipping si54sis fancy
light clover mixed s22ms25; No !; clover clover
mi~ed s2OGfS2I: No 2. clover mixed. slsm
SIG no grade hay. slS0Sl6. RYE STRAW,
No /. Sl3.50Gt$l4: small bales about si">-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03

might agree to take in goods; that is.
they might promise TO cNpend II wholly
within this country That would mean
great new stimulus 60 trade IN this
country. besides insuring FOR Europe
the gold shc would need 90 reduce her
currency imitation. There have been
many assertions made that Europe
would attack our gold reserve, but Mr.
Mays suggestion IL one Of the first eX-
planning how she would 20 about II.
That Favorable Balance.
II is generally taken for granted in
the financial district here that we
shall lose considerable part of the
enormous stock Of gold IN thc country
when the war ia once over A good many
people look for great decline IN our
exports and for wcllnigh involun
tary increase IN our imports. AZ the
same time they expect 20 see all
America that has the necessary
wherewithal rushing 10 Europe 60
view the battlehclds Of Arranged
don. and incidentally putting back
that invisible balance Of tourists
expenditures. etc. TO tho level of be
fore the war. All these things would
constitute an attack on our gold re
serve. because they would tend TO swing
exchange against this country. If such
cNpectations are realized and there is
nothing TO offset them except the in
tcrcst rcmittanccs from Europe on her
bonds held here IL might easily happen
that money rates would rise in this
country. or. in default Of that. that
general business would slump. What
does not seem to he given sufficient
consideration. however. in these dark
forebodmCs is that there are S5O0OOo.-
coo and more Of foreign bonds now
held i'm this country which might easily
find their way back to Europe If there
was a rapid advance in their prices on
the declaration of peace. Those bonds
are q bumper for the United States
against adverse exchange, exactly as
American securities held abroad are a
bumper for Great Britain at present.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-03
COTTONSEED OIL.

The cottonsced oil market vas moderately
active. total saies amounting 10 $4,000
barrels and. after a steady opening and a
.,lh,equent moderate decline. values developed
frrne,, and "a the close Of the DAY We're
4, lg points net higher Range Of prices