davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
PUBLIC UTILITIES.


Ihe iowa oAs ano Elcctric company has
callee 'or symen a, 10Y, Jury !, tnroush
ne go - - ~ -, son
go A.. IT,, ies, p' w
oon' go
F"- March tho DalIas HlectHo CompArY
reports Eros earnings o! Sles.S2s: 40 In
crease ot ~ W. over Mhrch' ipl.: me-
earnings ~ So't.s an lhcfrhSs OF stcS'.
nhd = surplus "l s"''oo' OF an increase or
s@'S'
The northern ststss Power compan,,
through TIE on'lnrntai and Commerols
IfLN ara SAVINGS Rang mas chr1 ror
p+'.l'h' on JuF 81 100 re seot 90" mrs.
Wo.'taE Pc cen ton1s oI VIC ihtef
Ss- I,seI ana rover O'fnp1hS' Gus
Iu' D. ZOO
To Obtain runds 20 purchase she steam
generating r'snt at Lyon. from tho NJ
aEara. lockport and Ontario Power Com
yuuy the ursts;. Puo'lc Service. Commits.
SON va authorized i's sGhsl3isrv. tbs
Salmon R'FNr Pover company. 20 iesus
securities asgregat'ne !Ao97,2TS,
The chicago and Milwaukee. Electric
Railway, which has ben IN The hands %
receivers since 1905, was so'i - the r.
otE sanitation comw!''rc. trr st5o.oo".
iN!,'on ar1 !:.ot0,ooo Cor no Wisconsin
division The only Other TO vss 81 l0o,o oN.
Tn. American water work. ans Electr,,
ralrp,ny rsport. fn- II. nrs, ouart.r ~
his wear total cros. errnirr. ~ 5loT7S
Mich Ia S3eSEo hs,'er ,hau IN. reur.s
for as, wear OF rhis smoun, sl.t62t.t
represen,.d N. gross earnings OF The Wea,
Penn rroper,is. .uhsiAiar's. %, n. Amer,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
MERCANTILE MARINE
SHOWS BIG PROFITS
Receiver Reports Total Earn
ings in First Quarter Of
1915 Were S8,250,18o.
INCREASE IN EXPENSES

Philip A. 9. Franklin, receiver for the
International Mercantile Marine Com
pary, In his report filed yesterday In
Judge Housh's part Of the United States
District Court showed the estimated to-
tai earnings Of the company and It's sub
salaries for the quarter ended March 81.
1915, 10 be ss.250.Is2, and the earnings
OF = Leyland & Co.. Ltd. ss.474.5ss.
For tho same period he reported tina.
the estimated ret results Of the opera
tIon Of the ships amounted to sl.5ls,o47
after deductins voyage expenses and ex-
Guiding the earnings OF the White star,
Atlantic Transport, Dominion and Ley
land lines. In January tbs general ex-
renses were sSs,o3S. and IN February
ssS,s6o. while IN March they Jumped 20
Sl2l,ooo. Operating earnings were ap-
r~roNlmateiy sl.77o,7oo for the quarter.
THIS was before making deductions
FOR BOND irteres. or for depreciation.
and the report. states that the material
Increase N the March general expenses
vas largely due 70 extraordinary repairs
90 steamers.
Referring to the estimated earnings Of
the company and It's subsidiaries and r.
Ieyland & Co. Ltd. for the quarter. the
report says:
From these earnings must b. de-
Quoted bond interest of international
Mercantile Marine Company. deprecia-
ton, British war tax and q certain
amount for British income tai.
The earnings Cor each month are
based on the voyages completed during
that month. and a voyage Is not con-
sidered completed until the steamer ar
r.ycs ~ IS home port. The lumber OF
voyages Will therefore vary from month
TO month and the earnings will fuctuate
accord lnsly.'
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
GOSSIP OF A R E
Discounting the Answer

The stock market began yesterday 10
get itself In shape for the reception Of
,he German reply to President Wilson's
latest tote to Berlin and to discount the
erect or the answer from the Kaiser,
"hich wall street cannot help feel will
oe IN tho main unsatisfactory. Tho
General list moved slugglshly throughout
me day and there WAS none OF the active
pidding up OF specialties which had char
hcterized the market since the rally from
'he Dig break Just before Easter. Stocks
as "a whole manifested an irregular tone
ana the general trend Of the market was
"A downward one.
As Is customary In such Instances the
speciaRies were the heaviest sufferers.
losses IN these issues ranging from "a
traction OF a point to 8 points. Selling
or stock was said TO come from good
sources and there were evidences of zen.
u'ne liquidation as well As Professions
seiiing FOR the short account. In brokcr-
age houses which count among their GUS
.ofnsra and Austrians wh, are
,lVing H. this country and who are closely
IN touch with the situation II wal
said that this branch Of their cllentela
expressed confidence regarding the ont
or our diplomatic interchangca with
Berlin. wv"
. wall street IL on the whole. hovavs.
inclined TO hold that these Germans ana
Austrians fail to understand Tho nr...n,
of the American peoplo on In
o,nar,ne ISSUES IN the determination
the Administration to stick 10 its guns
now that II has been driven to do 40
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
Consolidated Exchange.

Prices rallied irreKula-'y IN the afternoon
on the Consoldut"i Exchange, but IN.
closing ton. inclined toward heavine,s
Ana conda Was one OF the weakest stocks
on the early re thack, retresting In the face
Of continued brilliant reports regarding
metal trade conditions. 1t npened 81 $50,
= OF a point under rs closing on Monday,
and cold AS low ~ s3s closing at sfhN.
American Smoltinr ralliei Sharply at on.
Time during IN" dsN, but II sOftonei again
later on. II uptned At NsN down :. nf
n point from Nondsy, sofa as low rs ~
acS The" sd"ar"od 10 os7. hut n closed
at o7A after touching aat Mexican
Petroleum after opening at Dels an over
night improvement NJ y ~ n point, fell
10 9bI.. closing a. a6S
InternstionRl Mercantile Marine pre-
ferred. Of which more than II, ooo shares
were dealt In. reflected further realizing IN
volume. II opened 81 %. y OF a point
that was i,q h'gh"si ana Il later Declined
TO nj. closing At a2ia, Cruc,hlc steel. thu
most prominent among the war stocks"
opened at sJ's, an overnight Improvement
OF .. Of . point but from there 4, declined
to sot, closing at s1is Baldwin Loco
motive after opening NJ NOs up y o. q
potnt from Monday, fell 10 sos, with i;s
closing quotation s7st.
Among the railroad stocks Reading was
the most motive, with about 5000 shares
dealt IN. u open.i AZ so's. unchanged
from Mouiry's Nrs' price, s"ld u. hirh ~
sDA- ara linen FIJI 10 SGs> ,iu-ing a. So,
United states Steel common opened At So
with its high s3s. Its low s:N and lis
closing Oh.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
TAX MONEY JUST POURS IN.
Riggest Check IL Prom INTERIOR
oush. for ac.Is1.sa2.eI.

More money was taken In yeFerday
by the receiver OF taxes from Manhat-
tan alone than Was taken In Il year ago
for ell 'he horouc1s Of the city, John y
Mcponougl. The acting receiver. said
the numh,r OF persons paying cash was
the greatest he had known IN his eX-
perience and that the receipts that came
by mail were unusually heavy.
The biggest check yesterday was from
the PETERBOROUGH Rapid Transit Com
pany. The check drawn by Treasurer
John II campbell was for s2.lsi.362.9l.
u which amount &l,7O4, 400 Sc was FOR
taxes. There went TO the bureau Of
city revenue s~lo.c544l as the 5 per cent.
Of The net earnings from the Manhattan
Railway due the city. For quarterly
rental under contracts I and 2 for the
operation Of the subways 70 was paid
in ~S4s6.s<lss.
Yesterday vas the second day for the
collection Of taxes. The total receipts
Were s2.s5:,6<a,73 for Manhattan, as
against s2~.54a,sas.+s for all boroughs
on tho second day OF las. year. The
total for the first day was 1889, to2 80.
as compared with a total on tho nrst
collection day Of last year Of 3lo,ssc..
$3.50. The receipts on Monday by Dor.
oughs were: Manhattan, sa.42l.Sa422 ;
The Bronx. s5cl COLTS: Brooklyn, 81
sol, o76.s,: queens. s3e4.4S7.3S; Rich
mond, sl~57,o62@3.
Among the large taxpayers were Baron
Waldorf Aston. 1857, 900: George
Ehret, s235,ooo; j T. Morgan. sl7l,-
900: Wendell estate. $40, 900, and the
New York Edison company, $500 600.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
TIL METAL MARKET.
copper Quiet, Sales Few-T1u
Scarce and rou

Copper eas again CUTE, bu. nrm yer.rdav
with small sales OF electrclvtic on domestic
account. orders for finished products. Wills
sn aiier are steady and encouraging
Mslters are well covered for tie time
being, Just as producers are well sold for
mo chs and are in an easy position. E.ec-
~trolytic Is held at SOTO. for NAV, so.c
for June, soc. FOR July. 2stsc. for
Aug lst. sc. September and 2Siac. for
the rest Of the year. Exports reported
Yesterday were ssi tons insots 10 France
and England. stocks carried abroad on
carxoes from chile. and Australia we're
$500 tols. The London market for Ain.ri.
can electroli nc was 6rner a. tiib. while
standard advanced Il on spo, ana ~ on
futures to III, and tl:7 respectively.
Tin was scarce and strong. with rpo.
difficulty ot going permits for shipment
from sinEap"r" puts a premium upon Esst
Indian shipments and fewer limits are
being cab.ed. Banca tin IL armer IN con
sequence. but largely nominal at iec. fa-
spot and 46isc. tor May shipment from
higher On srot Straits a, fsoi Sc. ans spot
standard at 1901. Singapore was IN
with sale. o. 1870 tons a. f?0i l0s
London equivalent The steamship Welsh
Prince arrived yesterday with 800 tons
from TIRE straits via Boston and 100 tons
came In on tho steamship Lancastrian
Lead was DUH ana unchanged s, 'to.
New York ani &c Eas, Sc. Louis for
May and June shipment london was So.
lower on spot At 49, los
spelter Wat .'"ad!e- with mi ali sales At
49, 10 spot. i7c. 'or MAY. 1914 q
1880 for june. i6l tor July aud ioN tor
oiined II on spn. TO fss and futures were
unchanged at tga.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
DAIRY PRODUCTS MARKET.

.hbcTTER -Rec-ipts ware i1oH p>ckar.s
:. sock va. IN rood demand and. receipts
used . I'm e hat ane s,si:s t. :IlRnI'' sh h9r r,,ss:
Teaahet steady. Intermediate grades were
F sS5sD' aa!al,s arm .oi md s.; Cleaned I, ap slo:slyS;
,a.s, T.ne IN treer supply and = shade
."nr More packing stock in sight and the
c~smery s Saf s0 n .nss , sa.,ss PIiGs.:
.orlns ~ u15c.: frst.. 33assLsc'. seoonda
,,:c' thirds se43l'7c un.aiisid. fancy.
"a ~ . prm" 70 cho,ec sp.as.i.c Stale
,.ssl extras. s2a3a'ic frsts. NG5ii.c.:
uss. srrssa packing stock. current
cHEEsr 40 -.a...c,
aaT,oa trmer on active trading Tor coiored
e.. rev white fi,s, which cont nIed .rarce'
j~.gg'Hers bousht twins and oheddars freely
eoS.. P-ice. Flat held, colored and Whit,
r,. ,r..h : :1.s average fancy isaissac;
,t7n. h.,a specials, is.aisac; sood 10
.."h, iea.. Wwi. .eos.1a' hfid' bls siJ
So: s'7s,e daisies, held. isi.Iissc; double
ic.t'e h. ',,l -. GiS,.c Young Americas,
'a1cs. or" "a"e' Hs'''''' lower
co-, 81, .'ock from Northern sections
Res aTm for .,or.:. sad curren, use
, s-'.a i2r s'9nnv stock from Southern
49, ,,n"ci more irreSulsrity and. was
nor. era, eea 'si;nI,; PiT,ie. and checks u
rs''' unnhinscd. Prices; Fresh s,bsr.d'
~ %, -~,orss. packed. ars's' sss.sisc
-, IT, t Tf2nd'' s'-Yair; ,rsde
~, =. -; nearby. hennery whites,
,'4,s 's , :.e mixed; ;sq:9Sc; duck,
70 tar.y ~: 1--WE we. srn b s1a good
goose ga 0c.
rst ro,LTRY- Thirty four car. were
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
FORESEES BIG COPPER SALES.
Kennecott's President Expect,
Heavy Demand After War.

Al the annual meeting Of tho Kerne-
colt Copper Company Yesterday Pree,-
dent stephen Birch said
My opinion IL that while the manu-
facture OF finished war supplies IN this
country continues. demand for raw ma
t~erials. ruch as copper. zinc. &c, will
continue large, and the manufacturing
concerns In Europe Wlquest,onahly Will
have 20 ONT over here for their cop
per, ven though the war order business
IN this count. may let up somewhat.
ITO date large sales Of copper have
been made TO the Allies Most OF the
copper used IN connection with the
manufacture Of war materials IL de-
stroyed. there being only a slight re-
Of tho metal. Before the war
Germany made large purchases in the
American markets, and | believe that
country Will he a big consumer after the
war. For that matter, ! believe that
all the European countries Will be heavy
consumers OF copper IN the future
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
PLAN INCREASE IN
PACIFIC. MAIL STOCK
Directors Order Vote on New
S3.OO0.000 Issue, Making
Total 81, OOO,O 600.
TO PAY FOR NEW SHIPS

The board Of directors Of ths PaciN,
Mail STEAMSHIP Company has announce
a proposed crease In the capital stoch
from s1,0oo." 400 to $4,000, 900, which will
be voted CA at a special stockholders
meeting OIL May 10. The increase IA to
finance the payment for the three 5000
ton Dutch liners purchased In February
for service between San Francisco,
Japan. China and tho Philippines.
The plan contemplates the division Of
TIE c~ompany's stock into 10000 shares
OF preferred OF par value Of 800 and
400, 900 shares OF mint OF par value
OF 80 each. The preferred issue Is to be
: per cent. cumulative and callable al
10. and dividends. The stockholders
Will he asked to authorize tho issue OF
1000 shares Of preferred at par and
800 shares OF common at $40 a share
To stockholders Of record at the close OF
business May 10. 1916. Holders of the
present stock will carry a right 20 sub
scribe to .os5 Of a share OF the preferred
and rs Of a share " the common.
w. r. Grace & Co. and the American
International Corporation. which last
winter purchased u control OF the com.
pary's stock. have agreed 10 take rr
NV 'i'l"A VI tlt HtN Is
sue. and also 10 underurite on the same
terms and withou, commission such por.
ton Of tho stock as shall not lie sub
scribcd by stockholders.
In a statement submitted to stock
holders with tho directors announcement,
President George J. Baldwin reports thai
the earnings for tsic twelve months
ended with February. 1915. were sl.ss4.-
sS5, rs against S.s5o,5o3 for the pre-
ceding twelve months. and the prof.
after payment Of expenses wa S3Ti,-
fSs. as against s27l.c64 for the year
ended with February. 1918. The net
revenue for March, he states, is over
800, ooo.
The ravifc Mail Steamship Company
announced last August the sale Of It's Ave
largest ships 10 the Atlantic Transport
Company for s5.e5o.0oo as a preliminary
TO the sale ~ TIA entire fleet. In Octo-
Der II reduced It's capital stock from
$20.0 oo 600 10 $1,000. 900 by the rcduc-
ton OF the par value Of Us shares from
WOO to - To ena BILE "A distributor OF
assets under the laws Of California.
Al this time Il was announced that the
seven ships OF the fee. woul,,
be sold IS soon ~ n buyer could he
found. THIS sale was effected through
the purchase early In his wear by the
American International Corporation AMI
W. r., Grace Il Co. Of the i1O.So0 res
OF the conpany's stock held by the
southern Pacific Company at $3.50 a
share. Soon after the new interests had
acquired control. the purchase wa. an
nounccI NJ the three liners OF the ROYAL
Dutch West indies Line. the Venezuela,
and Ecuador.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
Atch1sOu.

Travellers returning from the Pacific
coast are telling OF the great improve.
ment work which Is being done along
the lines Of he Atchi-on. on many Sec
tons of the main line. and especially
through Kansas. the company Is said to
be taking tp all OF the 30 pound rails
and replacing them with l05 pound rails
the heaviest rails used on any road
Balasting OF the most substantial sort
is being put In everywhere. In fact,
according TO one traveller. the ambition
the road seems TO he TO make Itself
solid With the public wherever pos.
sibie. Service in the diners on the Atchi.
son lines Is said 20 he the equal Of that
in some of the best clubs IN New York
city. mushrooms. guinea hens. frogs leg.
and other such delicacies forming some
Of the items which appear as regulars"
the menu.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
COTTON ADVANCES
ON HEAVY TRADING
Prices Go Nearly 30 Points
Higher. Different Causes
Being Assigned.
GERMAN BUYING REPORT

cotton made an excited advance Of
,.esrly 80 points yesterday and main
,Alned tho gain fairly we'll UP TO the
,,ose. The near positions led In strength
and the May option closed at a net gain
Of - p,!nts. while other positions we're
"a 20 ~ points higher.
Trading during the irst hour was on
4 heavy sr4le. One broker was credited
,i,h having bought 10000 bales, while
seyerai others bought all the way from
1000 10 $4,000 bales. II looked as N
,hs transactions were confined chiefly
10 closing out some big lines OF stale
shorts. although some heavy selling
which occasionally made Its appearance
was put down to fresh bear operations.
There Is no generally accepted theory
.or tho advance. by sonc Il Is attributed
% unfavcrable carly crop news with n
Disappointing showing as to the acreage
increase. There Is some fcar OF a wet
May.
DALLAS wired: "Rained all day yestcr-
dsy and again this morning. which IL. of
eursc. u~nfavoraole. II is causing some
eminent OF the start OF the CROP,
II Is only fair to state that the heavy
concentrated buying IA "A certain AMOUNT
~ International Significance. The boey
~ German accumulation was again trot-
ted forth. n was said that German spin
ring interests had made contracts for
ormou amount Of spot cotton TO he
delivered some time during the winter IN
the expectation OF peace. n is impossl-
bic TO obtain Any confirmation OF these
rImors and the transactions, II there
have been any for German account. prob
ably have been greatly exaggerated.
Southern spot interests were liberal
buyers yesterday and nearly all the
wire houses were sellers for scattered
Southern speculative movement. II Is be-
eyed that this was by way Of taking
p.odts on long contracts.
To-day's weekly weather report Is ex-
.sc,ed 10 be rather unfavorabls In the
Sress Z, may lay on low temperature.
Market closed steady.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
Erie EaPninn.

The operating income Of the Erie Rail-
road Company for March for the frst
time in several months showed q de-
crease when compared with the CORE
spending month q year ago. Tho decrease
was not due to any falling of in gross
revenues. but rather to an Increase Of
S672.180 In operating expenses and taxes.
Gross revenues for March were S.
625,?s7. az compared with s5.022.5 SOC for
the corresponding month In 1915. an in
crease Of 3602.7 s5. Operating expenses
and taxes were S~t.570.s72. against So
s98.691, ar increase Of s672,lsl. leaving
the operating income for March. 1915.
&l.05+,4l5, as compared with $~l.123.sl0
for March. 1915. a decrease Of SIS. 1875.
For the three months to March 81. 1915.
returns were more favorable. Gross
showed an increase Of $3.114.-
AT. n the operating income was 33.-
57e,+77. an increase Of Ss43.026,
Tho Erie issues were weak. ths COM
mon closing with a loss Of ~ points and
the hrst preferred being y OF a point
lower han tho final quotation on
Monday.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03

The violent squirt In the railroad
stocks which took place Just before the
close OF the market on Monday failed 20
continue yesterday. and whatever ac-
uvity existed In the rails was generally
". we seilihe side. New York Central
was an exception among the moro ar,iva
OF the railroad stocks, but even with ,,s
extremely favorable earnings statement.
wh'ch made its appearance yesterday,
the stock was unable to register an adj.
vance OF more than u point for the
DAY. Soon after the opening New York
central got up to 1914. the h,ghes,
nsure at which II has sold for some
tinie' out II failed to hold At that price
"hu c'osed - point below that quotation.
heddlhg' Atchison. Baltimore and
ONO. pennsylvania inc the Hartman
stocks were all weak. losses ranging from
or a point TO ~ points. in the case
OF Reading.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03

Indications that Great Britain has by
no means exhausted the funds at her
disposal In this country are seen In tho
fact that the S5o,00o,ooo ~ per cent.
last December for the account OF eight
London banks remains intact. not a cent
having been withdrawn by the partici-
pating London institutions The credit
was negotiated December 20. 1915. and
WAS extended against fiji. 900. 900 Brit
ish collateral deposited with the Bank
Of England,
Reports are current that there Ia about
fl00. 900. 900 of collateral deposited In
New York to the credit Of the British
Government. the major part being Amer
lean securities modified In London and
shipped here az u basis for credit inc
20. the establishing Of sterling exchange.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
anaconda.

Despite tho fact that it's April copper
output was n record breaker, Anaconda
was one OF the wcakes; OF the COPPER
stocks, The April production report, is
sued yesterday. showed an output of
ss,3oo.oOO pounds Of copper against 49,
100000 In March and 20. 800. 900 in Feb
ruary. The news from Mexico Of the
Carranza Governments Interference with
the operations OF mining companies was
generally construed as being favorable
10 Anaconda. but the stock failed To-
make any response. On a turnover or
$4,000 shares IL closed at a loss Of .
points for the day. the ANAL price being
s37s.
In some circles the stock VA heavily
sold by large SPECTATORS. Rumors were
current In brokerage houses where these
transactions were put through that there
would be certain features in the Ana.
conda annual report, which makes It's
appearance to-day. that would be ''dis.
appointing"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
Covered.

Tho falling or In activity in the COM
mon aud preferred stocks of the I~nterna-
tional Mercantile Marine Company, and
the weakness of both issues yesterday.
served To further ~substant!ate the belief
held In the financial district on Monday
after the close OF tho market that what
ever large short interests In either stock
existed had covered either in the open
market or some sort OF "A private set
Element had been effected. A total Of
only 10000 shares OF both classes OF
stock changed hands against more than
$4,000 shares on tho day previous.
Moreover. Marine common closed =. Of a
point lower than on Monday. while the
preferred was off Us points.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
IRON AND STEEL MARKETS.
Labor Troubles Cut Finished Out
put. hut Crude Isn't Affected.

The latNr situation In the s'eel trade 10
serious. hIt d~'~iruIi.. have not proved 80
great a. anti rated outpu. vii doubt
l'ss su0e., '.pcHi7Ny %. some finishing
mills. hu' crude steel production is lhr'N
- be kept up - tho WaNlmIu limit. y
Demonstration Of strikers was threatened
at N" Homestead plant ~ the Carnegie
steel company and the American Steel snl
Wire COMPANY rlcs-i IT. plants a. Brad
dock and Rankin yesterday for the same
reason.
Rsl'-oaN have placed additional -ail or
fors ipr 1877 shipment but attention has
h"00 'l-ue' more upon strI tUraI "n.r
S"Nerh' more bridge contracts are p'ti-
irs There Is a fair iey,ni Tor f'4r4-y
igun Ia the Eastern territory. with "a 80 -
4 600 IONS reported Yesterday far shipment
over he second ha'f - This var ans the
FIRST quarter ~ 1917 From T.. 600 to .0.pop
tons more are rrUliTE and contracts are
likely to be c.os'd before the end ~ the
Neck
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-05-03
RESERVE BANK HERE MOVES.
Parts of several Floors in Euui.
table Building Used,

The Federal Reserve Bank OF New
YORK has issued a circular TO The mem
Der banks announcing It's removal to It's
new oh,ces In the Equitable Building.
The officers rooms and the tellers ana
securities departments are on the ground
floor and the credit, auditing. hling and
stenographic departments on the mezga-
nine floor. The vaults or money count
Ing rooms are In the basement, while "A
portion OF the NTH floor is given over 10
accounting, Government and transit de.
partments. y private elevator connects
all floors
Adjoining the officer rooms ON the
round rnor II ro"m im' i"rn SET aside
for the use of officers and directors ~
member banks.