davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
GOSSIP OF A STREET.
Feeling zen, Ont.

The indications yesterday were that
thc stock market was being felt out and
tested by the speculative fraternity, per.
maps with an intention of lnaugurat,ng
a new bull campaign In the issues that
made q favorable response. Last week
me coppers were tipped for the rise and
.hey made good" on Saturday shortly
before the close Of the market the word
went ar1und that the steel stocks could
De taken on along with the coppers and
yesterdays market bore out the wisdom
OF this advice. The wal stocks also
came In Tor some attention and showed a
desire to run true TO their usual form.
EVEN outside ~ the ra-specu,at,vc
fraternity II was considered significant
yesterday that United States Steel got
under way as we'll as II did. moving UP
~ points above Saturdays closing fig
ure and ending the day at the top price
OF S5h. All sorts Of rumors were In
circulation yesterday regarding the "war
brides and many interests were in
clined to make bull capital out of the
return fram Paris and London to-day
OF u. II. Stettinius of j. =. Morgan &
Co. acting OF the assumption that he
was bringing back large wal orders with
him.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
Mlam1's Dividend.

With the declaration yesterday of a
dividend OF $3.50 per share for the quar-
Ter ended March 81. 1916. the directors
OF the Miami Copper Company declared
the NTH consecutive dividend Increase
which the stockholders have enjoyed
since the company resumed dlsbursc-
ments on the stock in May. 1915. The
Increase In the dividend occasioned no
surprise In financial circles, as II had
been generally understood for more thar
n week that such action would be taken
at yesterdays meeting. The manner in
which the stock has been acting has also
been indicative that y larger return was
about to be given on the stockholders
investment. Yesterday Miami sold up
to 39is, a new high record by !, OF "A
point. The company Is known to be
producing more copper h a ever before
In its history. and this output is soon to
be swelled by some 10, 600. 900 pounds.
this being made possible by the installa-
ton OF new machinery. The company
paid dividends at the ate OF so cents
per quarter from May. 1912. to August,
1914, Inclusive. In November. 1914. the
dividend was deferred. but was resumed
in May. 1915. In August. 1915. the rate
was Increased to 40 cents "A quarter.
! while In November II was increased TO
81 "a share a quarter. In February of
this year s1..5 per share u quarter was
paid.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04

Bar silver made IA new top on tho
present movement Yesterday. selling M
to 6l54 cents per ounce, the highest
figure at which 1t has sold since October.
ipi3. owing to the revolution In Mex
leo and the curtailment of the output
there and also TO the curtailment at
some Of the silver mines of Europe
owing TO the war. combined with the In
creased demand for the metal for coin
age, the price has been rising steadily
of late. In Europe the turning IN or
gold to the banks by patriotic citizens
and the practical withdrawal from cir
culation OF that metal have caused an
unusual demand for silver coins Here
tCfure when bar silver has made "a new
top Wall Street has been inclined to
give considerable attention to the sill
Yer stocks listed on the Stock Exchange.
Yesterday. however, owing 10 the
strength Of the more RAPIDLY s%tuovinG
war brides and the activity uf Steel
n the cuppers the advanced price of
bar silver went unnoticed.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
Consolidated Excha

trading opinion Was cheerful on The
Consolidated Stuck Exchange yesterday
and the action Of prices renewed talk
about a Spring RISE I'm the market.
The Industrial fdvurltes and tho coppers
we're again prominent In The dealings. or
the standard stocks, United states steel
common was the leader. II closed at
sJ7.. its top prir" for HE day, TINS com
pared with an opening quotation Of fhs
which was also it's closing on saturday,
am, an carly low NJ ST.. \ number ~
The war ocNs' recorded particularly
sharp advance.
Crucible steel opened ~ s3, - Ut a point
above it's closing quotntion on saturday,
this proving Is lowest, and II later touched
g6T. closing AT JGA. II changed hands
TO the amount OF nearly 1900 shares.
American locomotive on Il turnover OF
nearly 1000 shares. opened at 81, y ~ q
roin, above It's closing on saturday, and
from there advanced to So, closing at
81.
BALDWIN Locomotive, after opening at
iOaa., up !. Of a puiut from Saturiry, aud
dipping back to 100 -, rose 10 l0Nla, bat
closed AZ l0,i.. American car iud Foun
dry was Htsu III ivuuaiii, S.''trr "s h,giI
as ia mud closing At n, against an open.
Ing price 81 20. which was y of II point
aboy, It's iinal price last ~c.h. Among
The ,oppcrs, K"nn,cott was prominent II
orened at 5sia, up 4 Of u point frou,
Saturday.; reacted TO 5sL and then rose Ia
Jy%, but closed at osN,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
PUBLIC UTILITIES.

TIL. Portland Railway. Power and Iirh,
Company reports Tor February gross
earnings Of sIo9,33l, which j. "a decrease
Of s-s.a?3 from tho figures # February.
creas- of s3i3l9 aud there was q deHri'
of s2i.321 For IA" year ended February
- gross 'a-ninss we're s1,iis,Os5, - dc.
rr"as" OF sos! ~ from tho previous
~S12,3i', u decrease 81 ~sl's,@%; and The
surplus was tG",31i, or q decrease OF
si,p Isl. The snow and tho storms IN
January anal FchrIarN, Whirh were tic
heaviest IN f"rt.hnd'o history, a." given
a. the reasons for these d-,reascs ana he
Increases IN operating expenses
The annual report Of the Republic Rail.
way and Light Company tor the fiscal
year ended December ~ shove gross
earnings Of s3I2l.297. which il $40, 0l2
better than the nguros for the preceding
year. Net earnings were reported ~ 81
.i1,:ii ana the sirp.us. was s2'S,'Sl. The
former Mas 4 gain ~ %siG2,5'7 and The lat.
The Tennessee R%ailWaN. Light and Power
COMPANY reports for tho year ended De
,emper 81 gross earnings ~ 81 aiT,. 6>,
which Is an Increase Of slNl,SSl, net earn
!nEs of sl,s79sTi, an i%ucrrnse Of Sass 80,
better than the surplus for the preceding
year.
For the six months ended pccombcr ~
the Fifth Avenue coach Company shows
gross earnings If tNlHG $50, AN Increase eff
siGo,l7a over the ugurrs f'r M" CORE.
spending period last year. not earnings az
s1.s.a>3. AN Increase of slhl.o3N, amt a
surplus of t23o,9ti, ~ against 4 surplus of
sIyG.rlH. For tho year ended June 10,
1915. the gross earning were reported as
si,4al g." or u gain Of s~2Ii3sd over The
ngure. Tor the previous year. Set earn
ings were s3d5.jl6 and Tia" surplus was
t36..G29, the former being an increase OF
sis0.i.o and the latter an increase of
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
FIGHTS FOR ITS LAKE BOATS.
t,rand Trunk Wants "mmcrr
com missioW to NOdify order,

An application recently il.d 10y TIA"
Grand Trunk halfway Of Canada with
the lutystato commerce Commission
for 4 Modification Of the order and b"
rchcariug - TIA" 'as" ~ tn" canada
Atlantic Transport company De- Tee
cciNing III. support Of prominent SNIP
ping interests IN this city.
Under the order canada Atlantic
Transport Company. which Is owned hy
the Grand Trunk, must ceaS" operation
of its boats on III" great lakes, tn COM
plianco with the terms Of the I'tuama
act, the commission having decided THAT
goods routed by ran aud lake are shipped
IN competition VIII In" al rail routes
controlled Ivy the railroad. Goods have
been sept to Chicago VIA central YER
mont boats to New london, hence 10y
rail TO Depot liarbur, ont, and th"lc"
bv boat to Chicago at - cents Tor
frst class freight. This l. Ia cents
lover than TIA" standard raj and lake
routing. which IL ISIS cents lower than
the all rail rate.
II is thought that unless the urd'r ls
modified the Grand Trunk VIII have Ia
sell It's lake boats, II is urged that the
order eliminates competition 10y ldh'
carriers Instead OF promoting 'nll'i't-
t,tton. The ,'auada Atlantic Transport
opcrates three an steel boats with an
aggregate of 7.lls tons between Depot
IlArbor and Chicago and Milwaukee
Among the shipping interests that are
ioiriur with the Grand Trunk IN ASKING
for the modification are tho American
Tobacco Company, the American sugar
Refining Company. the American Mai'u-
featuring Company, the General .l"iml-
cal Company. Arbucklc hro'hers, United
states Leather tompnu,, Federal Nus"l
Refining Company, Pacific Coast HoraN
Conpany, corn iiuiit;a to:nnan" "M'
the diamond Match company,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
CUSTOMS NOTES.

SEW 'uE'roMs lSsrES-Tho protc-.
nurohu at tho sew York Custom House
W'trH'.! ny tie Collector to the Board OF
United states General Appraisers during
the week ended April + According to this
s~'h'dulc. importers are preparing test
cases covering the classification. under the
iHrin act - 1913. ~ HE following classes OF
merchandise Acacia catcchu oNtrar' dvos:
deslcratcd "hI"lc, microscopes: chambers
and covers fnr same; tumttu sauce and
pepper ia h"rnetivh.ly scaled tins, cape
'r"-shr'i anrori goat skins with he hair
on "ls"ri s""' hair velvet or plush rib
hons of -Ilk and cotton, silk chief value;
%h"liins Of 'ptt"n tnl silk. silk chief value;
shade cards, consisting OF books and con
taiuiug sauIplo~ % s!ik yarn of different
color shade, initials and rmbleuls Of or
Iors Of organizations; small rubber haA.
looms Withhold moutlipleccs, and watch
bracelets Of leather ana gold AMI silver.
DUTY oN SEWING MAcHINEs-Col-
struCtcd by th" Treasury Department To-
coutiuu" 10 tss'>s duty at IN, rate OF 3.
per cent, ai Ntl"rrm as toS, under para
graph 3i9 OF tn" turlir act Of 1918 on
lui,rd states General Appraisers decided
recently thar the" small sewing machines
chimes under paragraph 40 OF tho pres
out law. hut the Treasury Department
holds that, owing 20 tho uusatisfsctory ma
turc of the record In this cas-, no appeal
viii he taken Assistant Attorney Gcu"rtl
Manson Is, however, preparing TO intro
durr additional testimony In support OF
Nv
pending in which III" same issue is in
Vowed Pending u Judicial determination
of the question, therefore, th' customs Of
iirinls VIII continue to levy duty under
paragraph 81
DRAW nA'N Alto" iHci@i Draw
hack allowance have lust been granted NV
the Treasury Department on the ,Npurta
ton Of cleaned r%urrants produced by III"
Hoover Mercantile company, from cur
rants imported la bulk on the expectation
~ hit,rtritc Of potash and tariario acid
manufactured by the Tartar Chemical
COMPANY, with tho VI" Of Imported crude
| wine Ices, arrols aud tartar; On rot'ul,
cloths mnnufacturcd 10y tn" Paul Within
Nduufu'turing Company of NorthhriLgc,
Mass, IN whole ar IN part With tho use
of imported cotton yarns, on chewing gum
| manufacturer by ths l. L. l,crdy Gun,
Company Of Chicago with TIA" us' of IN
ported 'ruic gum 'hl"lc and refined sugar
pr"iucrl Ia Who'll" or IN part from I'm
| ported raw sugar; on rarding machinery
manufactured by Leigh 4 Butter OF Hos
ton with the use Of various imported nrti-
| c'cs ana matrrinis, and on The aAportatiui,
o. plan stcrlll.ed 'istes and .%tsrili4'd
Of this city from dates imported In bulk.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
RETSOF B~ONDHOLDERS
ACT FOR PROTECTION
Statement Laid to President
Fuller Of Salt Company
Causes Fright.

The Columbia Trust Company Of this
city, as trustee for the oo%ndho,iers of
tho Retsof Mining Company. has
served n In a suit designed
to protect the interests Of the bondhold-
crS. No complaint has yet been filed.
Supreme Court Justice In Rochester TO
compel the defendap, corporations Off
GERS to appear before a referee.
The testimony will be used a. Il basis
IN determining the nature of the sui
and in framing the complaint. Elbridge
l.. Adams, "A New York attorney, who
IL II former Rochester man. has beeu APP
pointed as referee.
The Retsof Mining Company operates
sal, inlnes In Livingston county. New
York. The International Salt Company
owns ot controls substantially nl of It's
capital stock
The l:etsof Mining COMPANY Issued
s2.5cO,ooo . per cont. mortgage bonds
secured by "a mortgage to the krickcr-
booker Trust Company. now the Column
bia Trus; Company. il t. alleged that
Mortimer Il. Fuller. president Of the
Retsot ana International salt Gonna
MES. said orally and In writing thai
when the R.tSof'S bonds become due on
October /. 1929, the property securing
the bonds would not be sufficient to r.y
them at maturity.
Interest has been ;Hid on the bonds
regularly and the company has been de-
c!ar!i,S large dividends on its capita
stock. These dividends pass 20 tho In.
ternat!onal. The alleged assertions oi
the lsetsof president, however. caused
CONSERVATION among the bondholders.
When, II IL said. a demand upon the
officers OF the Hetsof for Information
Was refused, the trust company, through
H. attorneys. Davies. Aucrbach Il Cor
hell, started suit.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
DAIRY PRODUCTS MARKET.

CHEESE-Th-re vas lirht trading ,c.
, s.c. y: and SS"sTs % lirh sr.ds ,toss
There vas practically no change from tie
closing prices Of last week, with a llm,tsd
spsTP'Ass b, to tr"" from Thee will Prob,
closed steady. Prices: state. whole mix
fats, 60 ored and white .peclals, Isl. =
IT,; %yer4gS fancy, lsalsi.o,, currtnt
lNig"' Wisconsin daisir>, i>is lsiYc
Nm"r'r's held and fresh. lN'y = -o,. state
make l"'s Hl'%c.; choice. ~. Il l5c.
EGGS BUYER ar" demanding high
grade stock. rh"r' Wa barely enough ~
tins yesterday To- 90 around. However. irai.
'nof . n't'e, Will" irs's and seconds
showed a decline Of - Spectators or op.
orator, are iah!ng on s!ttle storsg" packed
seem too high for safe speculation. Duck
oEgs were more plentiful, without change.
Prices; fr',sh gathered. eNtras, :2is .ac.
storage packed iirs,s, 2l% a cot. =. extras,
irsts, ?la. .2c.; trsts. ."i.S2liyc.. SOC
onds, i0ig a zoe, dir,ics, 49, a :0c; nearby
mixed. 81 2.l2c. duck. STATE, $50 see
Maryland and Baltimore. selected, asa
Soc: Western ana Southern. SO sac.
RrTTER High prices At the clos. las,
week caused some receivers TO carry oyer
stock This. with moderately heavy 70.
ctIpts yesterday, caused Il little surp'us
Of table stock and sent the market down
'.C- It now seems that u mistake Was
made IN, advancing thu market last week
rhe high prices restrict consumption and
II Is ppssihl" thai tho top was reached
With the high Quotations Of last week,
Market closed ra'hsr unsteady. rrires:
scoring lots. ~. u $50 Hrsts. 3G,. q $50 -.
s"rnnis' 30 q S., thirds, a3a ste. IN
s4tfer;; i'a'i holi i's sx IRA, Gsrs'me 10 rhGlg";
S5'aci seconds, 33ig n 3tisc,, thirds, 81 4
ySr, sta,e d1iTy. soSSd to Urine Ssassc
ladies, ursts, .5i. u @7r; packing storL
current make, nnr' a5har.; 80, 2, s5c. "
DRESSED rOul.TltN-Ther, was a CON.
tinued shortage Of fresh killed desirable
stock Hc,,'rIay. Witch prevented a large
the country at the close y. last week were
unfavorabl" for ire" shipments. Invoices
week, Prices ought to remain where they
are, " they do not go higher. As ths
season advances frozen turkeys become
scarcer aud the best were up to 3Jc, from
hrst hands, Even the high prices do no,
bring out any voiuuu'. because II IL not IN
~" ""untrN, Fancy frozen chickens were
Marke; closed irm. Prices; Turkey 5, dr.,
PACKED. Western hens and toms. dr,
pirked, fnn'y, S0a3sc fair to good. IS 4
fed, i1a lac,, corn fed, ,6mi7c, fowls. /:
10 bo>, dry packed. Western. 80 lbs. nmd
over to dozen zoe q to ~ lhs, ls,.c.
/ In. ard over. l9uisiYo; q. lbs. IL d
1919; . lbs and under. loo Western
s"aid-d. large, 100; old BOOSTERS, -. i!
5. 80; . lbs. sA75, ! lbs, $50; turkeys
frozen, selected young hens, .. q asc, toms
M@sis' ~: + 20 q ssc'' nroi,:rT, !. !.
~ to ss les. sins.di.Ii IS t., o"tt1 %%.H..s' s :"i
s.rn FED, - TO 20 ~. zoe % 20 q lbs.
over, snlsisr; s6 to 4: lbs. l7is Use.
| old roostcrs. l5c.: ducks. Ions Island. Gle,
Western. iba:ie.; scese. Western. Is zoe
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
ChesebrOugh Manufacturing.

Chesebrough Manufacturing COM
pany stock. which has a par value OF
500 per share. sold at $1,000 yester-
day. the highest figure II has ever
touched. incidentally yesterdays top
price was a gain OF 100 points over Sat
urday's bid price and so points above
the asked price Of that day. The stock
has advanced about $50 points witAin
a single week. The sensational rise in
C~hesebrough Mauufa turing is due 10
the fact that a stock dividend Of 100
per cent. is expected. The crnpaIy
plans 10 increase the capital to $1,000
600 from $500. 200 and distribute the
new stock among the present share
holders. The new stock, when issued
il clready 325 bid in the over the coun-
ter market. The company Is one OF the
several parts of the cid standard Oh
Company Of New Jersey and has "A big
dividend record. From 1900 TO 1906 Il
paid 22i. per cent. per annuIn In
dividends, and In 1907 and 1905 this rate
was increased to A. per cent. In 1908
60 per cent. was the dividend rate. while
In 1911 II was 40 per cent This dis
bursement was continued from that year
to 1914 inclusive. wnilc in 1915 the rate
dropped t. 10 per c"ut. per annum and
disbursements since then nave been on
that scale.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
ADDS Il, s46. 3O5 TO SURPLUS.
y. :. Corporation ~ y. J. Hnd ST.
D71.:5. Net con In 1919,

The cpo Of the Public Service Cor
pVration Of New Jorse, tor the YEAR
ended December 81, 1873. shows opcr-
ating revenues of subsidiary companies
amounting To- S37.i7l,22s II operating
expenses, including amortization charges
and taxes. of S22,o9i.67s. Operating In
come for the twelve months was
i'.316.3oo and incorporating income
amounted TO stl9.O73.
Net income for the year amounted 10
N.oIl,@J. and the net lHcreas. in SUI
plus WAS sl,>46, 30i. Tile balance sheet
shows that uu December 81 there wls
$3@'.i30 cash on hand.
The Public Service Corporation OF
New Jersey WINS s~73.llu.7O0 worth o.
tho stocks Of subsidiary operating COM
panics which have total capital stock
outstanding amounting TO s7S.135,0oo.
Tho corporation also wis stocks -
leased companies which have - par
value of S2i6l6.9S3 and bonds with "A
par value o' S21.3S3,s61.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04

That with peace declared between the
belligersnts Of Europe the South would
stand II much better chance of getting
her share OF this country's prosperity
Is the sentiment voiced by the National
Bank Of Savannah I'm It's monthly let
ter. THAI section OF the United States
is failing to enjoy the same prosperity
as Is the rest OF the country owing to
the fact that its principal exports have
failed to gain benefit I'm the war order
trade between the United 81, lies and
Europe. The letter says: "With peace
declared, or with the war practically at
and end. products of this section OF the
South would soar upward. Naval stores
have practically been shut out from
Europe. Tho lumber trade shoul be
and at profitable prices, with
peace in sight what cotton II left In
the country Will advance rapidly, and
though weather conditions are favor-
able for the preparation Of lands for
new crops fertilizer Is hard TO obtain
, Of a quality that would be beneficial,
except at Very high prices, Therefore
with a large acreage We cannot reason
| ably expect a bumper crop Of cotton.
| but should there be "a large crop tho
people of Europe are naked and there
will bs . phenomenal demand"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
GENERAL FUND.


MONDAY, April 2.
70 lp Ot b..Y.a for two days were
''' H'.I including IS cars for the mar
a"t w"T" SLOW, brrt grades steady.
-' Traction iower: bulls lOu ljc.
"- COWS also declined lOm he, with II
- Tn" yards were about / enred.
DO 20 fairly prime steers sold at $50
h"~ 700 lbs. oxen at s6.ls; bulls.
$3.50, cows n So 20 u 81 So; a few
,'Ht 'v# AZ tI~0OH37..J, Dressed beef
'G7 rt III uliiac. for native sides.
lN''tl 'f ~ calves for two days wers
U''G. Including 5,2l3 for the market.
"1- q sp,,i ,i-tnan! :"- ;Gs stSC!;
Averaged SOC. higher The pens
80 .''I 'onlann to choice Neals
~ '.. t,.nJh Iil.OU per 100 lbs cuils at
~ :, N1 dressed calves iirmcr at 10
d. IS dressed Ncais and lUu iic.
~, 'I.''ry dressed.
.E'f''n' Of sheep and lambs for two
~ ''' $50 head. Including ! cars for
~ uNrkol sheep were steady and IA
i,n'"l tIpply lambs slow to i0li i5c.
,N'' 'trs were unsoli at 4 late hour.
q, 10 prime sheep sold at $500 10
.' ' 100 lbs. omnon TO prime uu-
& ''nls At SO 90 &il.o0 "A few
,rh' t.'s at $40 %, dressed mutton
~ l'H la' dressed lambs steady at
hog dressed VI igc.. country
4, .''H"Iso, l,!nhs stSa~y ~ sJ.60hD
'' r'r ,r,ass.
"'.".''s v hogs for :wo days we're 1889
~ MI" 'NLNg $ cars for tis market.
~, "err l>hi3c, higher with sales ut
49, u.s. per 100 lbs roughs at $3.50
''Fl'" per IN,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
COTTON RECEIVERS
FROM EARLY LOSS
Moderate Demand From Spin.
pers and Shorts Causes a
Small Net Gain.
GOOD CROP PROGRESS

r4s.,r Liverpool cables and prospects
n. lower fright rates. together with the
belief that practically every section Of
,bs cotton belt had received all Of the
early moisture that would he needed
for spring planting operations. caused
over market around the opening yes
,erdsy. First prices. however. proved to
b., tho lowest OF the day and, while de-
r.nd was not extensive. it was sufficient
10 cause a gradual recovery of IL to Is
,,,nts. which showed a net gain OF 4 to Z
points for the day.
General rains visited most Of the cot.
,on belt, over the week end. In Texas
the precipitation ranged from two TO
three inches. This breaks the most pro-
i-acted spring and winter drought In his
tory. and tile relief has come In time for
farmers to compete their ploughing and
pre.iminary cultural work. Til fore
cast Indicated unsettled weather over the
eastern and western sections. As "A re-
sul, of this moisture crop preparations
~, likely to be pushed with a good deal
- energy and planting will be COM
pls,ed over the southern sections OF the
belt with.a the next two weeks.
The rally which took place in the
Inter trading was due to covering by
operators Who were disappointed by the
absence Of hedge sales or other evidence
~ spot pressure. There was some buy
iug II summer month for the
- spinners. 1t Is ais believed that
the decline In ocean freight rates. as
represented by quotations Of $3.50 to
Liverpool compared with the former
nominal rate Of SO. would stimulate
the demand for cotton room and IA
clitate tho movement OF exports. New
Orleans wired that Liverpool room was
heing offered freely at 81. and probably
could be obtained at sl.75. Southern
advices also reported that Russia was
buying cotton.
Arthur II. Marsh la the current issue
= the Economic World makes the fol-
oving comment: "Dxspit. the larger
consumption and takings by American
manufacturers stocks OF cotton remain
unusually large at all the ports and
concentrating centres OF the United
States. and II is difficult to see how
they can he seriously depleted with
the exports AS small as the $500. O0o
10 les more or less which they now
promise to lie. Consequently those who
operate IN tire markets for cotton In the
.N0ectstion Of handsome profits de-
rived from advancing prices will from
row to the end OF the season have
very much to contend with in Stats
teal figures. which from week to week
increasingly point to a large surplus or
supply over present demand
Market closed steady.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-04
MEDAL PRESENTED TO SLEUTH

l. W. CANNON, manager OF 10" pro-
t.ctiye department of the american
Bankers association, Wa~ presented with
a medal yesterday 81. members % the
association IN recognition Of the arrest
= short time ago ui AN elusive check
forgcr who has been causing banks all
otcr the country trouble.
The medal waS presented IL Mr.. Gam
mon in the library of the association
and was a complete surprise II - In
the shape of "A maltese cross one face
of which Is severely plain htic the
other carries In b,s-relief "a buffalo. The
man arrested as the rcsul, of Mr.. Gam
mons activities l. alleged 10 b. =. War
nor. alias &. Ware, Z, Weston. &. Wade,
.. Watson. Z. Carter. W Warren. W
Carson aud many others. He Wts caught
at Shreveport, La