davidaulloa/AmericanStories huggingface dataset:
The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1916-05-19
McElroy Estate

In the estate of James r. McElroy,
a public sale bill has been filed by B.
M. Critchfeld, administrator, show
ing disposal of household goods for a
consideration of s62.S0. The sale was
held Nov. IA, 1914. B. M. Critchfield
has also reported the sale of personal
effects for $313.52 at private sale.
Further, the report of appraisement
of property under the inheritance tax
law has been filed, showing real es-
tate to the amount of $4,000. Harry
Patterson, w. B. Adams and Harry
w. Rooms were appraisers.
Certificate Filled
The certificate of Miss .Maude Mo
Dade as a registered note has been
filed in probate.
Second and Final
Harry Selln, trustee of Mary E
Shoemaker under the will of John
Shoemaker, has filed a second and
final account It shows receipt Of
s1.352.O1, disbursement of $4416 90
leaving a balance of $s1O.39.
o
| Final Account
A first and final account has beer
filed by Mary T. Schnebly, executri'
of Phebe j. Schnebly, showing $1,762.
81 received and disbursed.
| .
Court Journal
Hiram McClurg VS.. Edward Jack
The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1916-05-19
Second and Final
Final Account

Hiram MccIurg vs.. Edward Jack
The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1916-05-19
Certificate Filled

The certificate of Miss .Maude Mo
Dade as registered note has been
filed in probate.
Emmons County record. [volume] (Williamsport, D.T. [i.e. N.D.]) 1884-current, 1916-02-24
Bladdock BIeyitieS.


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The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
The Cost Of War.

The war. according TO statistics COM
piled by the Mechanics and Metals Ma
tional Bank. - costing the nations or
Europe more tina 800. 900. 900 "A day. or
at the rate OF $3.50. 900. 900 n week. and
by August I. when the second year Will
have been completed. It will have cost
s45. 900. 600. 900.
Great Britain alone will bear sll.Soo.-
600, 900 Of this burden by that time. and
Germany's bill will be only slightly less.
To France the cost Of carrying on the
war by August / will have been $500
600. 900. From the statistics II is evil
dent that the cost OF the war Is mount
ing a, a terrific rate. being $780,
900 900 for the first year and S.s,ooV,-
200. 900 for the second year.
Just what these enormous sums really
mean IL perhaps better realized when II
is considered that the aggregate or the
two wears war cost represents an amount
three times as great as the entire capl-
talizat!on of all the railroads In the
United states and four times greater
than the deposits OF all OF our national
banks. Figured oil It's present basis the
wal at the end OF two years Will ave
cost six times a. much as our civil wal
and will reach n sum forty times greater
than the national debt Of the United
states. Every time that the hour hand
o. the clock moves the war costs the
Entente Allies s2,500.o0o.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
SOUTH AMERICA CALLS
YOUNG MEN FROM u. s.
Plenty Of Chance for Success,
Says National City
Bank Envoy.

A determined young man. strong In
physique. mind and morals, has plenty
Of opportunities for success IN South
America II ne prepares for the work
there. according to o. Il. Austen.
stat!stician of the foreign trade de-
partment Of the National City Bank.
who spoke on his subject last night be-
fore the Madison Avenue Mems League
Of the Madison Avenue Baptist Church.
The whole question Of = young maj
going to South America to engage In
business depends largely upon the
Young man himself. said Mr.. Austen.
lie must study before he goes the diff
ferences between tho country he selects
for his venture and tho United States ;
must prepare himself In tho language.
the terms OF currency. weights and
measures and the different habits Of
business and daily life which exist
there. He should study books about
the country and learn its history.
Tho South American continent"
said Mr.. Austen. seems to me In q
position similar to that OF the United
States at the termination OF Our civil
var We n then al enormous unde-
| veloped area which needed people and
railways and capital and manufactur-
ing industries for its development. The
people came. the capital was largely
borrowed from Europe. the railways
were built and the great producing
power Of the interior developed, and
our exports OF foodstuTs and then of
manufactures grew By leaps n bounds
until we have become the most pros
porous and tho wealthiest country Of
the world.
But we have now passed the stage in
our national life in which. we have any
considerable quantities OF God and
manufacturing material for eNportation
we require them AT home for our 100.
600. 900 people. n our rank as an e x
porting nation must be maintained by
the sale of our manufactures abroad
and We need bright. vigorous. energetic
young Americans TO cooperate in thai
work. Our place In supplying the world
with foodstuffs must be taken by Soutt
America. She needs people and capita
and railways and experience. Why
should not the United States. which has
Just gone through the experience of de.
velopirg her own area and accumulatins
enormous supplies of capital and wealth
aid her sister republics at the south with
these requirements"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
THE SUGAR MARKET.
Futures Again strong land Higher
-LOngs Take PrOHts,

The market for sugar futures WAS asain
strong and higher. with prices exceeding Mon.
days high records early In the day on aggr.s-
stve buying prompted by the pronounced
strength in the SPOT position. On the advance.
however. longs were disposed to take profits
and late In the day the market developed n
reaciionary tendency and closed a, about the
lowest, with prices net unchanged TO ? points
higher
The volume OF business was smaller than
on Monday. total sales az gregating 1850 tons.
The situation at large wac looked upon as
containing elements of decided strength. rs
the iinportations are OF scarcely sufficient
volume TO supply the demands OF rehners.
who, II is said. are not disposed TO take or.
ders for more than moderate quantities OF re
fined until they have provided the raw mate.
rial with which to fill them.
In the spot market there were sales Of ls no.
bags OF Cubas for April shipment at SIC cost
ties, duty paid. which established a neu high
record for spot transactions There were also
umors that sales had been made TO refncrs
for May shipment at sic cost and freight
and there was a sale OF 5000 bass Of Porto
Rlcos TO a local rcfner az Sic 9. / Z.
There was very little sugar Offering on the
spot. even at Sac. cost and freight, and the
undertone OF the market was distinctly strong
The refined market was quiet and rehners
appeared 10 he catching IN with their orders
hut owing 10 the small offers OF raws were
not disposed TO make sales Prices were
firmer a, : 'oc. for hne graduated. Futures
prlcss follow.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
THE METALS MARKET.
Coppcr Firm and Quiet-Lend In
Moderate Demand.

Copper was nrm but quiet yesterday.
Producing Interests have little II any elsc:
trnlytlc to sell before August. but some Of
the smaller producers and large selling
companies have May. June and July left
9Ter Ns WAC: ssmss p fer June 1'u and s Ssc's for JS Wv
sales were made at these prices yesterday
By second hands, but the price range was
April or prompt shlpmen, was offered by
second hands at S0is ale. For shipment
In september or later months holders were
The demand for refined meta. has fallen
on quite sharply. but buyers Of wire and
, s5se ma entshed s snsp, Wire are dr raw s' are 1stu !"
ing new business. Exports reported yester-
dlv were 1900 tons 10 London and Liver
pool, since April total exports have
The London market opened Yesterday
after IN. hT,!asys At the sane 'sy.l a; =.
and future standard a, ti?t,.
4p.c. for spot and April, There Is stnl
much dimculty encountered IN securing
permits for shipments from the straits bur
York yesterday from Liverpool. making
% s;ti 800 'G ,on, "r mor. viii :IT's come AsTi IN / before fore II, II.
Was weaker a a d.ciin. q iSs or sIo'
soIa i't a, iiss' The sinsapor. market was
up f2 TO fiss los. but Is expected to be
Lead was In moderate demand and
steady. with sales OF April ana MAY AT
&c. East 81. Louis, June was offered a,
7to. The New YORK. price was TIC, for
spot. April and May. London was down
les, Cd. on spot to ga and futures down
Y spsl,er Is dun and lower to sell. Deal.
ers and producers are anxious to sell late
oel,veri... spoi l. hold :: !s.e. *pE:: a;
Third quarter 10 offered at 1870. East st.
Louis.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
HIDE AND LEATHER OPTIMISM.
Directors VIII Consider q Preferred
Dividend In July.

The directors Of tho American Hide
and Leather Company adopted q reso-
lution yesterday authorizing the officers
to state to the stockholders that at the
next quarterly meeting In July the ques-
ton Of a dividend payment on the pre-
ferred stock would be considered. Tho
resolution makes II plain that II IL not
the policy Of the board necessarily to
pay or outstanding mortgage bonds be-
fore considering preferred dividends. and
states also that the board awaits consid-
Grafton of the dividend question until
July IN order that the earnings for the
fiscal year ending June 30 may he ascer-
tained. This course, II is said. was
deemed advisable because of the sudden
fluctuations to which the %conpany's
business Is subject.
The resolution was adopted M the re-
suit OF inquiries from stockholders. In
its statement. however. the board says
explicitly that the action 10 not to be
construed a. meaning that II Is COM
mitted TO III payment OF dividends on
the preferred stock. A balance sheet as
of March 81 shows total assets OF s39.-
63o,7l9. including S1.S16.541 in cash.
The report for tho quarter ended
March 81. 1916. shows net earnings Of
S556.o30. as against $54s.794 In 1915 and
si47.2i5 In 1914. The quarters surplus
was s39o,665. as against t3s3.149 for
slS.130 for the quarter in the year be-
fore. Tho surplus for the nine months
ended March 81. 1916. was $1.299,l0 :.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
GOSSIP OF WALL STREET.
regular Dividends.

The probability that the directors Of
the United States Steel Corporation
would not declare the rumored extra
dividend Of y Of I per cent on the
common stock was forecast IN the &C.
ton OF that issue yesterday. Steel COM
mon opened at s3A. q gain Of y Of a
point over the previous close, and early
sold up to 81. Its top for the day. II
failed TO hold at that ngure. however.
and dropped back to S3E. around which
price II chung till toward the last hour
OF trading. when the tone became easier
and II went to s31k. closing at S3%.
Even those who had been most certain
that the extra dividend would be de-
clared lost hope when the stock displayed
n yielding tendency. IND rumors began
to make their appearance to the efect
that the corporation would adopt the
policy Of maintaining the regular divi-
dend and Of building up n great surplus
for use in the days when Steel might be
"pauper" noe more. That the extra
dividend Of n OF ! per cent. involving
a disbursement OF around $4,000. 900,
could easily have been made Ia evident
from the quarter figures showing tina,
tho surplus after dividends for that pc
Rod was $a2,s54.l7S.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
THE GRAIN MARKETS.
strong wheat Tone-Fresh Crop
Complaint-Provisions strong.

A more bullish sentiment ran through
the wheat trade yesterday and the price
list was gradually raised under the lead
of the Northwestern markets. which were
affected most by the unfavorablc ac-
counts relative to the spring wheat stu
alton. Temperatures were below the
freezing mark in various parts Of the
Northwest, and there were scattered
rains and SHOWS. 50 that seeding will
hardly be complete until mid-May. Au-
thorities say that late seeding in pre-
vious seasons has been n handicap TO
the crop. and the condition is the more
serious this year because of the lack
OF farm preparation.
There was occasional liquidation in
the Chicago May delivery and II was
evident that some OF the large houses
IN the trade were not wholly In sym
pathy with tho assertions that another
bull campaign had received its incep-
ton. At the same time the more san
guine political affairs involving the
United states and Germany were con-
ducive to an expansion In the speculative
trade. Confidence on the buying side Of
wheat was also stimulated by the EVIL
dence of a fair foreign demand for cash
wheat.
The .,por; eysiS css for TIE session "a:
ii ls Tosi'i ,old "S Of weak tn Spot teS market iron a,
mand for wheat partly In anticipation OF
heavy arrivals in the near future. II Is
understood that the Greek Government 10
lean grain and business with these inter
est' Is expected to be contaminated this
The world's visible supply OF vhes.
shoms the t%CliSw!ns totals; In iSs eO nni,.a
Iear: IN Cansds 1000 600. sra,n., 20.
Kingdom %. 600 600 bushels. asains, &c..
CcfHIThc fracuonn advances. in IN.
market were ~ascribed 70 the advance in
tho whea, list. Much OF the buying was
elevator houses. The prospect of larger
country offerings was against outside sup
are running slightly under those of a year
ago. There were rumors OF export bust
ness. sithough no confirmation OF any trade
II is seid that the fre,sh. situation at the
Argentine Will operate against exporting
available /, les, than pH. 900 600 bushels.
against a surplus OF 100000. 90" last year.
The supposI,ion is that these conditions wiz
make for a better export demand for Anert-
can corn very soon. Weather conditions
through the West are generally settled and
Planting operations are progressing sails
oats-The sentiment In :he trade wa
sequently divided, but tho market responded
20 advances In other grain. Country oner-
,ngs have Increased. the interior receipts for
,oe d1y 4'H9Tn'nsw 20 .oS; 600 eos sfsioS, '5 a..
favorable and there are persistent report.
% a large area, but many in IN. trade fear
complaints later owing TO sowing OF more OF
less poor seed. rNpor, business late Mon.
day and yesterday amounted to 10000
Provisions--Further sharp advances wer.
scored with the market a. The h,sh"s, levs.
resulted in ad t,ionai undo!ng Of hedges and
speculative buying. Chicago prices:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
COTTON GOES UP ON
LIGHT DELIVERIES
Advance in Silver's Value Will
Probably Increase Tex
tile Demand.
EASTERN BELT SHOWERS

,,sb, deliveries on May contracts
.oour,,ng to between 1000 and 1000
,,,es were responsible for the sharp up-
,,r I'm Yesterdays cotton market. The
.,o.e was a. a net gain Of 6 TO Z points.
Nth the near positions relatively strong.
rho amour, Of cotton delivered was the
smallest for any first notice day on May
s,,,racts within recent memory De-
p,sries in New Orleans on the am op-
,on amounted to about 10000 bales.
rhe weather map showed light scat
..rsd showers In portions Of Texas and
,bs Eastern belt. Temperatures were
,,,her low, however. To-day's weekly
nea,her report does not promise n
feature Of Importance.
A local firm makes the following breezy
~sralys!s Of the effect Of silver on the
r5,,on situation, particularly with refer
,,ce 10 the increased purchasing power
Of china
wing Lung F'oo receives ten ounces
|. ~ silver each month for his labor. In
i Arrll. 1915. this ten ounces OF silver
exchanged into English money at "a
hence an ounce gave him 20 shillings.
In April Of this ear, with the price Of
,l,er AZ % pence an ounce he receives
:s shil.ings and . pence Last year his
srtual outlay for food probably cost him
Is shillings. leaving him only . shillings
for clothing This year his actual food
|. costs are aboNt 20 shillings. leaving him
i nearly Z shillings for such iuxuries as
clothing.
What is true OF Wing Lung Foo Ia
s,.n true Of the immense population OF
India and Japan and the entire Orient.
who use silver as a currency and wear
cotton clothes for economy. Wing Lung
Foo Is only one out OF one thousand mil
ion 10 whom silver at 80 pence per ounce
gives a potential purchasing capacity
FOR Injuries about 6 shillings per month.
or. expressed In American currency.
sbou, si.l0 per month larger than last
year. Just how much OF this $1.10 will
} ts used for additional clothing Is hard
20 say. or whether the manufactured
goods are ob,ainable IL another question.
This purchasing power will, however,
continue TO accumulate as long as silver
gays at 81 pence per ounce. 1t Is this
immense added power TO buy goods not
Vet manufactured which Is the under
wing strength of the bulls In the cotton
market. but seemingly they prefer to tall
- scarcity Of spot cotton when In reality
plethora exists. Admitting that Europe
has ashore and afioat 400, 900 less cot
'cn than last year, the fact still remains
| Sat America has a record breaking
\ visible supply for the last week in April
r record breaking mill stock and a recort
breaking quantity OF unmarketed cotton
These latter factors will assert them,
selves commercially long before Wins
Lung Foe can find the manufacture
goods which his newly acquired wealth
would permit him TO buy. II we wer,
\ tull.sh on cotton we would use Tin
.,arcity OF goods and not the scarcity o
cotton as an argument. but VI are no
tcNsh."
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
IRON AND STEEL MARKETS.
Farther Buying of Pig lron-steeI
Pipe Advances.

There was some further quiet buying
~ nir iron In the eastern territory yes
terday and several similar contracts are
on the point Of closing. amounting to ao.-
taken 70, 900 tons OF foundry grades and
more large tonnages OF basic and besse-
mer are under hiss oiiation.
There are siEns that the extraordinary
demand for rolled steel products 10
smaller in volume. In some lines. pur.
chases have been reduced one half and
snecineation against contracts are rs per
cont. less. but output continues record
the treat demand Tor wrought steel pips
II rejected In the .nsw. discount card "a
sued ny the National Tube Company. show
s y black pipe and TO ! points on 81.
vsnissd pipe. THIS 10 e9uiysisnt to ~ %
SR S~stvsntss1.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
Live stock Market.

TUESDAY. April IS.
~" - NJ beeves were 72s head, nearly
81 which were consigned TO slaughterers
mere was no reported trading In Hive
49, Tn" feeling was steady with rather
moneFa'" receipts expected for Wednes-
market. Dressed beef was In mod
,sts demand at ilVithc. for city dressed
hst!ye sides,
Receipts Of calves were SIS head. includ.
mh tsS for the market. part OF which
nsle ATE arrivals. Trade was limited. but
p ice about steady. Common to fairly
NY dressed veals were steady at 12h a
."., With selected carcasses exceeding
iSSSs'a,!'Hs; country dressed firm at
R.cs'p's Of sheep and lambs were sts
uau, including. with previous arrivals. .
thM n, on sale, sheep were almost nominal.
.s, steady, LAMBS duii: the pens were
isssssl' a few unshorn sheep sold ~
SgU per 100 abs.; medium unshorn
.snos a. NI.es: medium clipped At
..ssqIs 50; . few medium state sprins
lambs a. $3.50 per head. Dressed mutton
Is quiet AT 1lD1sc. per To-. drsesed
amos SLOW al 1ba1so. hog dressed. ish IN
~ country dressed hothouse lambs IN
'"snge1 at f5aN per carcass.
h.ceip's OF hogs were s.7Ss head, In
sssSding about half . car for the market,
su.Mshts selling Ut sieotlo.aS per iee lbs.
SuSns 81 ts:1g. Country dressed hos'
"Sdv ~ isoits. Der u.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
Prospects,.

The balance available for dividends on
the common stock of the Steel Corpora
ton for the FIRST quarter OF the present
year was $50. 207.953. against a deficit
OF s5.3s9.s6c after preferred dividends
for the corresponding period a year ago.
Thus the balance available for returns
on thu common for this irst quarter OF
1916 was equal 70 7.7l per cent. on the
0S,302.5 common stock, or at the
rate Of 1884 per cent. per annum. From
the knowledge that much OF the steel
being turned out was not booked AT the
present high prices n from a review Of
the balance available for dividends for
the December. 1915. quarter (. is evident
that his ratio Of earnings on the COM
mon stock bid fair to increase during
the next and succeeding quarters. In the
December quarter earnings were $50
per cent. on the common stock, or at the
annual rate of o3.32 per cent.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
RECEIN ERS' NOTICES.

RECEIVERS ADJOURNED SALE.
BY order ~ tho court. the Receiver's
Sale OF the flO'euce Iron Works stands
gitnurned unit SnturiHN, the 18Th dsv n
May, 1916, al II o'clock Ia the forenoon or
the premises a. Florence, y, J,
At tina, time viii he sold the Plant. con-
s,sting Of Its R"al Estate, buildings, FIX.
lures, Machinery, Tools, Equipment, Ma
~,.rial- and supplies, together with the
other Resi Es'a's including 40 Dwellings.
Building Lott, l-s Acres Of farmland,
Also 5000 tons OF Cast Iron Pipe. TOO
Hydrants. 100 tons OF Fittings and zoe
Valves.
Dated April :. 1918.
HAROLD " WELLS. Rsceivss,
0AEKIlL. l. GASklLL. Solicitors.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
ELECTIONS AND MEETINGS,
AGRICULTURAL CREDIT COMPANY,
Adjourned Special Meeting Of stock
bnldpr.

TO THE TWIITEN OF
AGRlCrITTRAI CREDIT COMPANY:
Notice IL hCrshy gwen that An adjourned
special matin- ~ the stockholders of Agricul.
'ural CrctIt Comp ,uN, a New York corpora-
ton. viii BE- hell a the prtur.pa office OF the
COMPANY NJ NtbroOk. pUtchr-s County, New
York. on May lI 1910. ~ > o,'Ock IN the after.
noon, for the pa-pos" Of Nplln- upor the prop
o'!uon that said Company he forthwith dis.
solved In acoor. 40cc W''h NE provisions OF
section 81 of the Genera. Corporation Law Of
the state OF NV lorE TOY ths ratifylnR Of
al action taken or authorized and performed
by the directors and officers Of sad Company
since the annual meeting thereof held IN the
year 1915. AMI for the Transaction Of such other
business - may come h"tnre sad meeting.
Dated, Chicago. Illinois AIrtl e.. 1915.
JAMES + BOlCE secret ary.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-04-26
Hide and Leather.

The Indications are. according 10 a
statement issued by the directors OF the
American Hide and Leather Company
after their meeting yesterday. that be-
fore tho year Is out favorable considera-
ton will be given to the matter of divi-
dend payments on the preferred STOCK.
II is pretty generally felt In the financial
district that now while the company Is
enjoying more prosperity than at any
other time in its history there is cons'd-
cradle justification in the preferred stock
holders demands for dividends.
The back dividends on the preferred
stock amount to 111ia per cent. and no
disbursement has been made on this issue
since 1905. when 3 per cent. was paid,
The company has strengthened It's finan-
cial position considerably and Its cash
on hand and "a bank row amounts u
something over $500, 900. while its
profit and loss surplus is $5,545.394.