davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-28
PRODUCE AND
GRAIN PRICES
Wheat Closes Net Un-
changed to nc Lower
Corn Advances.
GENERAL MARKET REPORT.
New York, June q. 1915.
WHEAT.

WHEAT.
The wheat market was fairly active. and
early in the day prices experienced an al
vance of more than lc a bushel. Shorts were
good buyers. and for time sentiment was a
little more bulish. owing to steadier prices
abroad and on account OF more or less APP
prehension over the Mexican situation. Re
ceipts, however, were again heavy. and tow.
ard the close OF the day values eased OF
sharply, losing all the early advance and clos
ing net unchanged 10 l,c lower. The weather
was more favorable for harvesting opera
tions. and II was said that cutting of wheat
was making active progress throughout the
Southwest. and this naturally led TO eEpecta-
lions of increased pressure Of new crop offer
incs.
Liverpool showed frnlness carly. but the
export demand was again confined 70 Cana
dian grades, with sales OF about OOO,OOJ
bushels and reports that the Australian gov
eminent had purchased fifteen steamers 10
carry grain we're thought 10 be a pretty poor
argument for export business in American
wheat in the near future. In the cash mar
ket No | durum was quoted az silica :;
No 2 hard. sll5it No i Northern Duluth.
si.22L No | Northern Manitoba, SL25A,
all b. New York.
CORN.
The frmness in the cash position again
had n stimulating influence on the corn
market. and prices showed net gains for the
DAY OF 4fi &C. ne july i'NiAi'h ahhiit
showed the greatert strength. with shorts in
clined to cover. owing TO decreasing stocks
in Chicago, and the situation was further
strengthened Nv export sales OF about 100000
bushels. Liverpool was firm and higher, with
smaller offers from Argentina and better
Irish demand. and prices abroad were thought
10 have been strengthened by reports that
efforts were being advanced in Argentina 70
promote the alcohol industry. In the local
cash market No ? yellow corn was quoted at
size, T. New York.
OATS.
Price changes in the oats market were
comparatively narrow throughout ths day,
and closing quotations were net unchanged.
The weather more favorable for the new
crop, but this was Offset by the frmness in
corn and export sales Of about 100000 bush
Ella. The local cash market was steady;
standard quoted at 46ikc; No white. asa
45i5c: No 4 white, 44Ms4i5c; fancy clipped
white, 46G47i5c: ordinary clipped white
44ih0 isiac. all elevator.
RYE.
o h-fL
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-28
SURROGATEs, NOTICES.


IN PURSUANCE OF AN ORDER OF
Honorabie John p Cohalan. a Surrogate
~ the County % New York. NOTICE IL
hereby given TO all persons having claim,
the County OF New York. deceased. 20 pre-
sent the same with vouchers thereof 10
the subscriber at his place 81 trsnsacting
business al the once OF Pierce & Greer.
York. on or before The 2lst DAY Of De-
dated. New York. tn, iHh day o,
DAVID II GREER.
Administrator c. I a.
PIERCE g GREER. .-,
81 Wall street New York y. 7.
IN PURSUANCE OF AN ORDER OF
the County OF New York.
Sotiee l. hereby sisen % all persons
having claims against j. Frank Turner,
la,s OF the County Of New York. deceased,
20 present the same with vouchers thereof
10 The subscriber. a. the once Of her at
oush & Day At their place OF trsns4ctlnr
business 10 IS Wal Street, IN the City u
New York. on or before tho sth day Of
Dated. New York. tho 2s,h day Of Feb
ALICE coNYNGHAM TURNER.
HARMON. PATTERSON. NA'i EXoLa
CREENOUGH & DAY. Attorneys Tor
ExecutriX. No. IS Wall Street, New
York
IN PURSUANCE OF AN ORDER OF
Honorable John p cohslsn. a Surrogate
Of tho County % New York. NOTIcr|tS
hereby given 10 all persons having claims
against Abram Alexander smith lats 81
tre County q New York deceas.d ~
present the same with vouchers thereof "a
he subscribers. az their place OF transact
Ing business. at the once Of David Bennett
King. No l65 Broadway. Ia The City Of
New York. on or before tho 3oth day 81
Dated. New Yorx. tho 2sth day Of De.
eember. 1915.
W. SCHUYLER SMITH.
SUE I. SMITH.
II ALEXANDER SMITH.
Executors
rAvID BENNETT KING.
Attorney .or Executors
1875 Broadway. New York City.
Is PURSUANCE OF AN ORDER OF HON
John =. Cohslan, Surrogate OF .hs
County Of New York. notice Is hereby
given 10 all persons having claims against
Josexh " Goldberg, lats OF tho County Of
New York, deceased. 20 present the Same
with vouchers thereof 20 the subscribsra
ths once u Lester ". Friedman. No. ssS
Broadway. In the City OF New York. on -
before the 10Th day Of September NEXT
Dated. New YORK.. the tth day OF March,
1915.
LOUIS d MUTNICK.
LESTER NJ FRIEDMAN
Executors
fs5 Broadway New YORK city.
cHAFIE O. MAAs. At,arney f2r The
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-28
EGGS.

Recepts to-day. 1882 cases Fresh gath
cred. extra fine. doz. 26027c; extra frsts
Pa. n 5iac; frst7. 23l2M2ti2c: seconds.
22b023Lc; thirds md poorer. 2oa PC !:
dirties. No 1. 2lisd22c; No 2 and poorer, 10
02lc checks. good 70 choice. dry. od2ORc /:
undergredes, ia l9i2c; state. Penn ana
nearby hennery whtes, fine 20 fancy. 29d
Bic: ordinary to good. 2sG2sc; gathered
whites. ordinary 70 fine. 25bd2sc: Western
and Southern. gathered whites. 24Q27c;
state. Penn and nearby. hennery browns.
27RT2'iec; gathered brown and mixed col
ors. % n 26 pc; duck eggs, state and near
by, Indian Runner, SOC.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-28
LIVESTOCK MARKET.

New York. June q. 1915.
BEEYES.
Receipts. 90 head mainly FOR slaughter.
No trade Of Importance. Feeling easy
Dressed beef in fair demand az l3g l6c for
city dressed native sides minds and ribs. 1914
Glsi2c: chucks and plates. 1914 gl4i2c.
CALVES.
Receipts. s74 head 634 sale. Market
uneven: some sales 25G SOC lower: heavy
veals in poor demand skim milks steady; in
ferior 10 choice veals sold at s9Qsl3j culls
at s7.50GSs50; skim milk calves at IS. City
dressed vcals slow at l5dl9l2c: country
dressed in prime condition, l44lsize.
SHEEP AND LAMBS.
Receipts, 900 head IS cars on sale, and
all sold at steady prices for lambs, with good
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-28
FREGH fruits.

receipts today. 2.+7s bbls apples. APPLES.
Northern Spy. Dbl. SSG So: Baldwin, s2.15H
s5.75 Ben Davis. S2.50n 1915 Albemarle
Pippin, $685.. Russell. S2.50dS5; PEARS,
Fla. lie Conte. Dbl. S6dS7; PEACHES, Ga,
carrier. Sl.256S3: Tenn. Red Bird. Sl25H
S2.25: PLUMS. Ga, Burbank. $3.50 CHER
RIES. red and black quart. SG lac. white
7dllc: sour. 5dsc: red and black, 10
basket, j0cdsl: white. 35N SOC; sour. 25W
40c red and black, 20 ID basket 75cd $3.50 :;
sour. 60G90c: STRAWBERRIES, Western
New YORK. quart. sd l2c; upriver. upper
stations. quart. SN l6c; lower stations, So
l2c Staten Itand quart. IA ,; Long al
and, SM lsc: Hilton and Irvington. l0ulsc :;
Jersey. 30f Zoe Del and Nd. 3H 6c; BLACK
BERRIES. Del and Nd. quart. 60t l2c; y c.
3Ni i0c : RASPBkRRIES. upriver, red. pint
5fi Zoe Jersey. red. 3N Sc Del and Nd. red.
safe; HUCkLEBERRIES. y c. quart, y
M lSc: GOOSEBERRIES. large. green. quart
7ml0c: small. green, 406c; bushel basket,
75cdsl: ORANGES Cal box. S3MS4.75:
Porto Rico. Sl65dS2.65; Fla, fancy. Si75H
$3.50: average. $500 $3.50; poor TO fair
S2.25N 1925; GRAPEFRUIT. Fla, "a TO size
and condition. box. SlMs Cuban. SEA
$3.50: Porto Rico. Sl.25MS4; LEMONS. Cal.
box. s2l0dS390; imported. sl.l5U $3.50 :;
LINES. Dominican. Dbl. SM9c; MUSKMEL-
ONS. Cal standard crate. Slmsl.37; pony
crate. 75cdSl; fat crate. 4061 SOC; Fla.
standard crate. Sl6SL25; fat crate. 4Od
SOC Cal. standard crate. sl.75dS2.75; pony
crate Sl.25M Sl.75 fiat crate. 65cm 81; WA
TERMELONS. Ga and Fla. per 100. $3.50
$50: Fla carload s250d $3.50: PINEAP-
PIES. Porto Rico red Spanish, box. S5cd
S3.45: Cuba coca $3.50.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-28
The Produce Exchange will be closed
on Monday, July 3, and Tuesday, July !.

Union Pacifc's earnings statement
for May shows gross, s8.374,026, an in
crease Of $2,149, 800 over May Of 1915,
while net was $3,3s5,547 an increase %
S1,55S,157.
st. Louis, Rocky Mountain & Pacific
gross for May amounted to sl98,l56, an
Increase of S5,140, while net was $780,
639, a decrease of S6S7.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-20
HEARN RULES CASUALTY co.
Control Passes From Hands of DC
Leon Interests.

With the resignation OF Edwin W. De
Leon az president, control OF TIE Caste -
Company OF America has shifted 20 TIE
interests associated with Edward /
Hearn. who has succeeded Mr.. he Leon
as president. Mr. HeIrn va formerly
vice-pres!dent and general %
the company. He was elected AZ a recent
meeting OF the directors. A. that meet
Ing the Office Of chairman Of the board
was abolished. Lyman \. Spauld!ng.
who held that position. has been made
genera counsel 0. tho COMPANY.
The Casualty Company % America
was organized by Andrew Freedman,
former partner OF Richard Croker. In
1903. with Lyman Spau,d!rg as pres.-
dent. Control NJ the company wa -o,d
10 De Leon. Iiearn and others N 1909.
The De Leon interests became dom.raut
In 1913 and held control unit. tho rcceu.
financing. when Mr.. Hearn secured con-
troll.
Since 1909 the assets ~ tho company
have increased from Sl,9S5,0o0 70 S3,-
500. 900.
The stockholders OF the company have
elected the following directors Ambrose
Il. McCAbe. NJ. ]. Donovan, Thomas II
Guy and p. !. Driscoll. The directors
made John $. Jenkins secretary and
treasurer.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-20
MONEY AND EXCHANGE.

The Sew York FAicr,, Reserve Rank
rt'os were { per cent for ;h.rty 90 ninety
!lys ana . per cent for longe- hl,.s
open market discount prime ,cc~p'snces
maturing up to ninety days. ia per
cent.
commercial paper rates were 3u3,. per
cant Tor sixty % ninety days bills and
tpr four 70 six months best names 31 a 1
PEI cent, for others,
Time money WAS quiet and steady Jatrs
wer, q: per cent for sixty DAYS. ~ u 3
per cent, FOR nins,y days. 3 per cent. :ur
four. i've and six months
"a, money on the 'oor % the stock
Exchang" yesterday ruled a, -. per cent
high, . per cent. low, ia per cent.
Sterling exchange -asci slightly. Final
quotations We're: Demand, as. cables.
sTs4
CaIl money IN London, %.a.'. per
ceut.. short bills -. per cent. ;hre.
months bills, jisIiN per cent.
Domcst.c exchange on New York :,
Louis, par; san Francisco. 3Oc. remium
Minneapolis, Ice, premium; chicago, mar
Cincinnati, par. Mon;reil. 5l2i. pre-,
m!g!r.
B,r silver In London, :sT.d; New York.
So a..
New York Clearing House statement.
Bxchanges ltSs, iSS, geo; balances, 3.5..
i:7.o7t; sub-rressury credit balance jss,.
S25. "
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-20
DAIRY PRODUCTS MAEKtT.

BuTTER-Fair trading put .h- marie,
IN better condition ycS'o;day, although no
material change IN pTces o~c'-rHt The
Of tho accommodations OF ordinary grades.
Fine fresb In iirfA supply and arm He'd
srftsr rho-.a t.F mnE, men w.lH ho.4ers
steady. Packing stock scarce and frm.
Prices: Creamery extra ,: score, $40
higher sGeTsnE &c NM: a. tt@@I,,
SIC. prime to choice. 81 o 33c he'd e1,ras.
2ea:snc. higher scoring. 500 a!c. nrs.-,
s.s3'as; s.eonda; - %.5' So.
27a2sc; ren ovated. .Str4s, 2ti. 25isc /.
f1st.; s;s21.: lover Erate' @4;s;
,econds: 2oEa:lc; packing stock, June
.CHN2sE-A stronger sad s.1ceEat
higher market preyailsd YESTERDAY, %
TOOK Twins and cs.fdar.. Ioeii ,faic III
hut mostly for small stocks, Ia sizes and
young Aperieas firm skim, sc.Tee ana
current make specials. IN al7Hc :
S,ss .pecials ae IS ~ HRHs' C chSic.. GaT[rn,
isc,; douSIs daisies, isai.i.c. yolas
next week. duo 20 cold weather, k.'ps
n: mark. from sssg59:, r4s,tPs buy,
less steady than formerly 'For,t damsse
10 apparent in current. receipts, With poor
grading frequent, sum lines hard 20 so.'.
Fine fresh fairly steady, Storage, moving
moderately. was weakened hy tho froc
fresh receipts. Nearby whites r'ca,'.u,
and rather slow Prices: Fresh rtthcrsl .,
extras. hne. 3sd37c eStras. hrsts. 2tt
3tc.; frs's, 3eT 33r.; seconds. 3Ols 40
slAe,: dirti-s, 22d c7c,; refrigerator. spe-
cial marks, fancy. 60 FIRST storage, a-'a
d13hc.; seconds. - Il gee; hauu"ty whites,
iin- TO fancy. $40 Nc., b-o"ns, 37Ha9c ,
anINTd cnlnTS ~ n 40
DRESSED PpULTRY-Turkeys IN light
supply and nr!n. 'apons readily mar
keted. Fancy chicken scarce and wsuted.
Coarse lots DRAG, Fowls and old ~rooster'
scarce and arm Ducks aHd geese in liRh'
euiheas wsnf"d. Stacy 'o'' lee cc,ei'
prices; Turkeys, Western spring. far -
good :s@:ic.: scaldai fancy, cCd e..
sic. Fowls. fresh. western. Iry plckri /.
hos"d. so his. and over -. We-'"ra
nearby. = and +. ~ 10 ptr. .,~aoc
Western. milk frl o and Glhs., o., dry
picked, corn fcd. t and & To-, iC'g O. -
!ois.' go. 3. de.. D." ,s,s soI.,ss;i ','ii rs. TTshisn;: :
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-20
UNCLE SAM IS NOW
CANADA'S BANKER
"Monetary Times" Pays Trib-
ute to United States for
Financing in War.

A high tribute to the United states
for the ease with which this country as
sumed the position OF 'Canada's new
banker Ia contained in an article oy
Fred W. Field. editor Of the Monetary
Times OF Canada. Mr.. Field points out
that the transfer OF Canadian financing
from London 70 New York is not surpris-
ing, because OF the war. He adds that
the value OF Canadian securities sold In
this country since hostilities commenced
In Europe has been well over $2oo,Voo'-
900. In 1909. he says. the percentage OF
Canada's bonds purchased by the United
states was $50 per cent. while last year
1. vas In excess OF so per cent. He In
Inmates that the United States may be
the aeld OF Canada's borrowing for some
time TO come. &c.,,
The manner in which the United
States acted as Canada's banker last
year is a matter OF great satisfaction.
saws Mr.. Field. The market Tor lana
dian bonds for the present Is New YORK
and not in London. This II not sufpris-
ing. because OF war conditions. ou' the
ease with which the transfer from one
market 10 another has been accomplished
Is gratifying. Seven OF our provincial
governments last year raised $3S'ooo'V oo
in the tinted states. while the Dominion
Government COttIucb Sf"fN'''N
since the outbreak Of war Canadian Sc
cur.,.es sold In the n~eighborins republic
have been well over 5000. 100000.
TN 1914 s257.5sl.o 900 OF
bonds were sold in all markets. Last
wear approximately the same amount OF
our bonds were sold. and chiefly In the
United states.
The assumption by the United states
Of the role OF Canada's hanbr Is m
p~ortant.
"A the end OF 1918 tine Canadian
people owed abroad approximately w.
600. 900. 900. OF which s2.j0O.0o 900 waf
due 10 Great Britain and $500, 100000 70
In. United states. When war broke OUT
our debt to Great Britain alone, accord
ing to Sir Frederick Wiliiams-Taylor
was approximately s2,125.oo0.o 600 FOL
the United states to BE- able to absorb
more thar 90 per cent. Of our securities
last yea when previously it had never
| taken more han 30 per cent, is a signli
ant performance. After the war Grea'
Britain may no. be able TO finance out
development requirements 20 the extent
as OF previous wears and the neignoor'
ing reruhiic Will. therefore. be expected
to take a substantial share OF our So
! curities. The securities they are ouyins
are good. and L = in N" best interest.
/ OF tho United States 20 increase iurtnei
: is 80 per cent. share Of the 'anadiar
import trade. All things considered. We
may rc-arl the nearest international
money market as Caradas borrowing
Held for some time 20 come
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-20
Consolidated Exchange,

United States steel common sold on the
Consolidated stock Exchange ye-'-rdty
afternoon as ,"w as So which compare!
with a hish price 'pr the SAN" stock 80
the forenoon 81 sj-, These were ne eA-
trsma prices a. which Ste", sold 10 WAL
Street during the day. Its closing vas At
sSt. on d turnover Of 1850 shares In
,erest Of traders was 20 = considerable eN.
tent concentrated upon the movement ~
Steel. IN view OF the n-srness OF IN" quar-
terry meeting Of he directors scheduled
Cor next Tuesday. when many expect 40
ton 10 he taken toward ~resInp,ipn ~
dividends While th"r" Was a good d-Ni!
Of !'regularity about the early market, the
later trend was generally downward
American Can was strong early, selling
as high as s37s compared with an opening
price Of 6.% II closed AT 81. Sm".tirg
opened at 1851, which was o.. highest.
and. after selling a. i0ti., closed a. iO,S
Crucible Steel touched tjis. after chang
Ing hands cary a. MIA as h1i.. Il closed
at 65. Mexican p"trol"am np"r-i At
lit., sold a, high as l!S, and rhsn broke
TO ilaS, tossing AZ ll:t W~os'nshouse
Electric was arm most ~ the Ity and
sold AS high a. 'SI There wn. con
tinued profit taklng IN tho Mercantile.
Marine issues, with the preferred selling
a. low as 500 New York Contra! was
exceptionally strong. and az one tim.
touched I'M. although 1t closed at iioh
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-20
THE GRAIN MARKETS.
.,hoppy wheat Ma rket-1mmenss
Trade. onrse trains Ease.

The gyrations Of the wheat market
yesterday. It was believed. were the re-
suit Of a huge turnover in the commits
sion house dealings. Tho market re-
sponded only family 20 the news. The
public has again Interested itself deeply
in the wheat list and a bullish senti-
ment pervades this group.
sway Of a cent a bushel were fire.
1uent during the session. On several
occasions values dipped and reco vered.
but 1t was remarked that persistent SELL
ing for the Chicago bull party was
eagerly aiken. The technical position OF
the market - believed TO have been
rendered more vulnerable by the elimina-
ton Of shorts and by the formation OF
an outside long account.
Enthusiasm among holders was tenn
pered somewhat by the absence OF eN-
port business yesterday. The foreign
tak!ngs were placed at only 300. 900
bushels. II was reported OF excellent
authority that the Canadian Government
had not been a big buyer OF wheat fu-
lures at Winnipeg, as had been reported
on Tuesday.
The rorsi-n ady!ccs really eserted their
man eiiJrt IN checking rampant s~p~cula-
ton. \ prominent Exporter said that X
European buyer lad heen yampeded By
che sharp ri%" @: INie~.ay. a more violent
advance would have b en- Witnessed y.s-
terday than IA u IN. precedlns session
A. 80 AS, English houses were among
'he sc'cr~ Of wheat on this side and tn.
Liverpool r irket DID not respond in full
70 our advances FIrth.-nore. there was
weakness In Nrg~ntIne wheat AMI frelgh,s.
although the latter r-nain relatively high
at more than soc. a bIshsl, against this
American rlts to liverpool. OF 42c. TO 4sc.
a bN."l
Nor western markets w.re conparativ.,y
heavy 4 tn'~r,a ais On me disg uised liquida.
tipn credited - Barrett, Frazier lnt.r.sts
due 20 the larger farm offerings. Ac-uaI
Interior wheat rsceip'- 80 Far this week
total 3bG3,oo0 bIshNs, against 500. 00C
at week and 1910. 000 a year ago. SEA.
pATd 'Nports average nor. than a million
bushels daIly
hIshel took pace Ia corn. Tn. bulk OF the
! .iGI!la'iun Wts a trail o. the country sell.
int Ltrgr receipts are for-shadow-d
.It ms doe. not man a etrak IN III,
ais week mounts 90 ga, 900 bushel.
aga!ns; 3.isi.coo las; week and 100. OO1
- year ag3 shorts oueh' rather freely
a. the dse.iH. The preiic. ons that there
VII be rain aad snow through ~. Yves,
and the higher foreign markets made 20,
,autloH among sellers. although sN'
from abroad because OF the absence Of
pau-Senlnr came from .p.cuia,iv,
holders and farmers The decline wa. no'
100000 bushels from Chicago to n. sea
board exporters on Tuesday followed by
c.ipts tor tn" seni-we~k amour, 20 =,
10000 bushels. against 3,3s5. 900 asst v.ei
amp P9 $1,000 4 year ago. ..
and the rather hearish otaclal hog r.po-
OF recent date were agGrs prices. Packer
and specuiatiy" ir; rests we're on bo,l
sides OF the list.
Chicago prices:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-20
THE STEEL MARKET.
Shtpyards on Atlantic and Pacific
Buying Metal,

seFeral large contracts for steel bars
plates ard shapes have been placed BY
car builders and by shipyards on both
the Atlantic and Pacific coasts. Tho
"a. mills nave also taken contracts for
$4,000 tons Of standard sections FOR
export and 10000 tons for domestic
shipment The most signincan. feature ,s
that the mills have ur-d s3s Der ton
ior the export tonnage, while domestic
roads are sr!. piaclrs orders at SIS
10 gross ton. "
IN" heavy demand for round steel
bars - sti4. u-sat.saeI Domestic man.
3't.t-Te-s % munitions ;is vel! as those
IN 'orei- countries are still actively in
-" market and have placed A f-w add.
t'Hh contracts for second and third
quarter Shipment in both The P.,tsburr
a"d chic "a territories.
The United States Steel Cornora,io,
has made an APPROPRIATION for 1000
ir'SHt cus for ths B-s.ner and Lake
F7.". ~" contract FOR which s,. re.
ported 20 have h.ea placed last week
Ia.- SO ms TO have been premt.u-e
bur the order rs understood 10 hay.
been virtually placed Inquiries are
sun IN tie market FOR l20or cars.
"n..A will require about 10000 tons
| % steel. 1910
Wori Gomez. from Chicago tina, numerou,
small orders for foVndrv p. ron rurn,T.
IRON s" 70 20" tons 90 d h.v. t--r y 80,
~ the last few day.. hut no ar. inJt yti,.
CONTRACTS have been closed In the Easter,
territory the market ~ Temporarily uul-t
tIt the buying movement previously s,lude.
10, which Il . believed vii become nrumI
n"ni about tie middle OF February. = er
lr't"d - carry prices upward rap!dlv A
az 'h. "a iae opinion Of some promlnen
ir1-iucltE Interests.
Inc ir"7 ics saws The delivery trouble
"'A whoa n4ycr- OF scel have coutenda,
Tor "'tN- are now more agErlyi.-i - Al
. AT any T.Enp and I'm. ,.wE. .At 80
"a" whole st"f! situation SeS business ha
been qt.1te secondary Sine tho openIn. o
: the year
While the Pennsylvania abroad has r.
laSed the embarIG on export steel product
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-20
TEXAS co. SEEKS CAPITAL.
May Issue $4,000 shares "a Lease
shipyards to Buiid Tankers.

The Texas Company announced yes
terday that owing to the growth OF its
business II will require more capital and
that the executive committee will shortly
recommend to the directors an Increase
In the capital stock OF 20 per cent, to be
Issued to the stockholders at par.
The number OF shares Outstanding Ia
Thus the proposed new issue
will amount to $4,000 shares and Increase
the total number outstanding TO $4,000
shares. II the directors approve, a spe-
meeting OF stockholders will be held
shortly 70 authorize the issue.
II IS understood hat the purpose OF
the increas" Is TO furnish the Texas
Company With the funds with which TO
lease the sewall Shipbullding Yards al
Faith. Me. for FIVE years, and 10 enable
the company to construct there oil tank
ers for It's own use. The ompany now
has four tankers under construction at
Newport News, two OF which will be
launched In July OF this year.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-01-20
100 PER CENT. OIL DIVIDEND.
Canadian Subsidiary Of standard
Co. of ". J.. Pays in stock.

The Imperial OIL Company. the Cana
dian subsidiary OF the standard OIL Com
pauy' OF New Jersey. Is understood TO
have declared a stock dividend OF 100
per cent. which is equivalent to ST.
900, 600. and increases the outstanding
capital stock Of the company from Sll.-
0o0,oo0 to So. oOO. 900. The new stock
j. being quoted AZ 40 bid and $50 asked.
Wall street understands that the
stock dividend WAS declared some time
In December. but specialists in oil shares
say that they were not aware that the
melon had been cut until they learned
that some Of their clients who are stock
holders in the company had twice as
many shares as previously.
The standard oil Company Of New
Jersey owns or controls so per cent. OF
the capital stock OF the Imperial. OIL
Company. y large part o. the remain
Ing stock Is held by the employees OF
the company. IN. floating supply is
said 10 De very small.