davidaulloa/AmericanStories huggingface dataset:
The sun., 1919-04-23
HALEY FISKE HEADS
METROPOLITAN LIFE
Elected to Succeed Late John
R. Hegeman-Ecker Is
Vice-President.

Haley Fiske, who has been vice-presi-
dent OF the Metropolitan Life Insurance
Company for over twenty-seven years
and connected with the organization at
first as solicitor for almost forty-siX
years, was elected president yesterday to
succeed the late John r Hegeman.
Mr.. Fiske, whose home Is at 80 River
side Drive, was born in New Brunswick,
y. j., March is, 1852. He was graduated
from Rutgers College in 1871 and re-
ceived a NJ. A. degree from the same
institution three years later. Mr.. Fiske
studied law in the office Of Arnoux,
Ritch & Woodward, being later adj
mitted to the firm which was attorney
for the Metropolitan. He practised his
profession until 1891, when he became
associated with the Metropolitan. He Is
a director of the Metropolitan Trust
Company, the Metropolitan Bank, the
Plttsburg and West Virginia Railroad
Company and the West Side Belt Rail-
road Company.
Mr., Fiske is a member OF the Metro
politan, Grolier Manhattan and Church
clubs of New York; the Cavendish OF
London and the Somerset Hills Country.
the Essex Hunt and the Somerset Lake
and Game clubs of New Jersey. On
April 81. 1887. he married Miss Marione
Cowles Cushman OF New York
The vacancy created in the vtce-presi-
dency of the insurance company was
filled by the election of Frederick Il.
Ecker. who has been with the company
nearly thirty-six years and its treasurer
for nearly thirteen years. Henry w
George was named as the new treasurer.
He has been assistant treasurer for the
last six years and has been connected
with the Metropolitan for more than
twenty-nine years
Francis o. Ayres. with the company
nearly twenty-seven years and one OF
it's third vice-presidents for more than
two years, was made second vice-presi-
dent. George B. Scott and James f.
Kavanagh were elected third vice-presi-
dents. They have been fourth vice.
presidents for two years past. Mr.. Scott
has been associated with the Metropoli-
tan almost thirty-six years and has been
an officer for fifteen years. Mr.. Kava'
nagh has been with the company more
than twenty-one years.
The sun., 1919-04-23
COTTON FUTURES
AREIRREGULAR
Market Is Nervous and Trad
ing Is Narrower, but Clos
ing Is Steady.

The cotton market was nervous and
irregular yesterday. with a smaller vol
ume of trading. Offerings were grad
ually absorbed on a decline OF some 35 to
40 points from Mondays closing figures
and there were rallies of Is to &c points
in the late trading. with new style
months closing steady at net loss of
only TO rs points. old style months
were 10 points higher to II points lower.
The market opened steady at an
advance OF IL points to a decline Of 5
points, but almost Immediately weakened
under pressure, with the decline extend
ing to 27.26c. for May and 24.33c for
new style October during the early after
noon. Realizing then became less active
and there were closing rallies on cover
ing
Southern spot markets as officially
reported were unchanged TO rs points
higher, the advances being in the South
western markets, which reported rela-
lively active business.
Range of prices:
The sun., 1919-04-23
CONSOLIDATED EXCHANGE.

Securities had strong tone at the
close of an active market yesterday on
the Consolidated Stock exchange. Buy
ing orders in heavy volume in the final
hour made for a general rally. espe-
cially in the Industrial issues. the ma
jority OF which had been reactionary
from the outset, and previous losses were
recovered while not a few stocks scored
gains The upturn was initiated by a
vigorous demand for Steel common, and
with the rally in that stock tho re-
mainder of the list moved up. The mar
lSet as a whole after midday was con-
fused in its movements.
During the morning session the indus
trials were weak. while the railroads ad
vanced from a fraction TO more than a
point. Selling after midday was more
emphatic and affected the entire list be-
fore the supporting orders came in the
final hour.
The sun., 1919-04-23
FINANCIAL NOTES.

India Tire & Rubber Company OF
Akron has increased Its capital from
s50O, 900 to $1,000. 900.
Frank c. Munson has been elected a
director of tho Bank OF New York. N
Smith a Gailatin have issued a eircu-
lar on the Pittsburgh and West Vir-
ginia Railway Company.
Luke. Banks a Weeks have opened an
oil department. In charge of Earl Harris
Comparative tables OF the Liberty and
been prepared by Bonbright & co.
National City Company and the Guar
nounco that dennitlvs Anaconda Copper
Mining Company per cent bonds are
ready for delivery In exchange for tenn
porary certihcateA
The sun., 1919-04-23
REJECTS BIDS FOR U. S. SHIPS.
hoard Rendvertises Sales of -Four
steel Lake Steamers.

WASHINGTON. April 22.--All bids re-
ceived to-day by the Shipping Board for
four steel reconstructed lake steamships
we're rejected as being too low and the
steamships again advertised for sale.
1t was stated that the board in its sale
of the war built merchant fleet did not
intend to sacrifice any vessels merely
TO dispose of them.
THE price offered was about 40 per
cent. of the appraised value of the YES
sells. appraisement having been made
by tho Ocean Advisory Commission.
The appraisement was fair and Impair
tial, and the vessels under the new bids
will undoubtedly bring a price more In
keeping with the appraisement than the
bids received and opened to-day" the
boards announcement said.
The new bids will be opened on May 5.
Edward p. Farley & Co. bid s142, 900
each for four vessels. the Adrian Iselin
3,075 tons dead weight: the Lucius w.
Robinson. 2.S25 tons the +. p. Jones,
1850 tons. and the A. ID. Mactire, 2,925.
y. A. lselin & Co. bid s15S.000 for the
Iseln. $126.000 for the Robinson and
$133, 900 each for the Jones and the
Mactire. The New England Fuel and
Transportation Company bid SOL, 900
for the Robinson. All of tho vessels
have been operating in the New Eng
land coal trade between Portland and
Boston and Baltimore and Hampton
Roads.
WASHINGTON, April 22.-Bids for the
purchase OF several Great Lakes steam
ers, the first steel vessels of the new
merchant feet to be sold. were asked
to-day by the Shipping Board. Two
OF the ships. the Charles r. Van Hise
Sill gross tons, and the Frontenac
2,003 gross tons, were cut in two for
the journey through the canals to the
sea- The bids are to be for the YES
sels as their sterns are in one port and
their bows in another. The stern por-
ton OF the Manola, 1895 gross TONS is
advertised for sale. Other vessels to be
sold are the Northwestern. 1,641 gross
tons. and the Blue Hill. 2.l94 gros;
tons.
The sun., 1919-04-23
US. AGRICULTURAL
EXPORTS INCREASE
Shipments During March To-
tai $296,067, 356-A Gain of
$37,9OO,OOO in Year.
OFFICIAL REPORT ISSUED
Cotton, Meat, Dairy Products
Show Large Advances
From Last Year.
Special Despatch TO THE Sun.

WARRINGTON, April 2.-Agrlcultural
exports Of the United States during
march totalled s2s6,os7.356. against
S2bs127.o1s in the corresponding period
OF 1918. according to complete returns
published to-day by the Department of
Commerce.
March: 1919 1914 ,e17
Breaduuns 80. SIS. li22os Se5 2@.97e sts es7 2le
Meat and dairy
products 124 .39s,sH III. 1,22s 4ss2tsl2
Sotton ...:..... B.NS,0l0 60.2So,lA $685. 226
mineral on.-.-. 2o,S0.gu Is. ss2sA l6 7Sesl7
.s2se. os7 $50 Scss ole $685. SIS
March's exports of breadstuffs, cot
ton, and total agricultural exports for
a series of years make the following
comparisons:
The sun., 1919-04-23
CHINO COPPER NET DROPS.
Report for 1913 IL s4.40 y share,
Against s1O.e3 in 1917.

The pamphlet report Of the Chino
Copper Company for 1918, issued yes
terday. shows net profits of sS.s0S,2z2
after deduction for taxes and charges.
and is equal to $40 a share on the capt.
tai stock OF IS par value. The net profits
we're s9,512S54 or 1908 a share in
1917.
Operating revenue totalled S17,0ss,s12
in 1918. against s19,261,3o6 In 1917, and
operating expenses increased TO $1S,079,-
040 in 1918, against s9,434,690 in the
preceding year Other 1918 income was
nearly 100000 less, making the total
income for the year S4,053,323. against
s10,137,052 in 1917. After payment OF
s3,914,glO in dividends, there was a
deficit for 1918 of S6.6SS. In the pre-
ceding year dividends aggregating So
612.S02 were paid and surplus remained
of s900,052.
The sun., 1919-04-23
NEW SHIP LINE TO CHILE.
New Orleans VIII De It's American
Terminus.

NEW ORLEANS, April 22.-Direct
steamship service between New Orleans
and the west coast OF South America
through the Panama Canal will be estab-
lished about May / by the New Orleans
and South America Steamship Company.
according TO an announcement to-day
by the Foreign Trade Bureau OF the As
ISOLATION OF Commerce. Two vessels have
been obtained from the United States
Shipping Board.
1t was stated the service would open
direct trade between New Orleans and
Chile for the first time
The sun., 1919-04-23
COFFEE MARKET.

The coffee market yesterday was
active and irregular. On the call prices
were unchanged to decline OF points,
with operators trying out sentiment after
recent sharp advances and only small
lots exchanged hands at the start. Final
prices were points net lower 10
point net advance.
The local spot market was quiet but
firmly held at 17Ac. for Rio IS and
81 1-3c for Santos As. Santos cabled
an advance OF 10 TO 175 re!s in futures
there
The sun., 1919-04-23
CORN GOES HIGHER.
Climbs Above Top Level of Season.
but Closes Unsettled.

CHICAGO, April 22.-Corn climbed Just
a little higher to-day than all previous
top levels OF this season. Official an
nouncement that no 5-cent bread was
in sight formed the chief basis for the
upturn. The market closed unsettled
- cents net lower to l cent advance,
with July l5S1s to 1881 and Septem Der
1874 to 1o4b. Oats finished unchanged
TO q cents down and provisions I'M
changed to so cents decline.
statements made by the Federal
Wheat Director touching the proba Bile
continuance OF world high prices for
bread and indicating that European sup
plies of foodstuffs would be even smaller
this year than they were last year gave
the corn market immediate fresh
strength Tho fact that live hogs had
risen in value TO the highest point ever
reached in Chicago. sci cwt. tended
further to stimulate demand for corn.
On the ensuing advance, proft-taking
sales broadened out and hedging oper-
atoms put additional weight on the
market A break resulted, but offerings
were absorbed quickly and the ma rket
was rallyng at the last. with shorts
active bidders and apparently somewhat
scared.
Absence of Eastern shipping call
made oats incline TO sag.
Provisions lacked any aggressive sun.
port. Record breaking high prices on
hogs seemed TO have put decided
check on demand.
The sun., 1919-04-23
Cotton Exports Increase.

WASHINGTON. April ga large IN
crease in the March exports of cotton
was reported to-day by the Bureau of
Foreign and Domestic Commerce.
Shipments abroad amounted to 5O4, 239
bales, as against 81, 6S1 bales in March
last year. For the first nine months
of the fiscal year exports OF cotton were
3.so7.o9 bales. about $4,000 bales more
than in the same period of last year.
Exports of cottonseed oil in nine
months have been 121, 4Ss,926 pounds,
nearly three times the amount shipped
in 1918.
Trade In breadsturrs has amounted, so
far this year, TO s645.962,493. meat and
dairy products TO s753,594,433. and min
eral oils to l,s99.113.304 gallons.
The sun., 1919-04-23

WAsHINGToN. April 22.-TranscontI-
mental railroads were authorized by the
Interstate Commerce Comm ION to-day
TO file package specifications. estimated
weights and loading regulations gov
erning shipments o; dried fruits from
California. Navada and Utah TO desti-
nations in Iowa. Minnesota, North Da-
kota, South Dakota, Manitoba and On
tario without formal hearings. 1t was
represented that the proposed regula-
lions would prevent serious loss to car
riers and wastage OF fruit products
The sun., 1919-04-23
u
OLD STYLE
COTTON STATISTICS.
New Orleans Cotton Market.

NEW ORLEANS. April 22.-Lower
prices prevailed in cotton to-day after
a rise of 2 TO 4 points on the most
active months on the opening. At the
lowest OF the day prices were 46 10 A.
points under the close OF yesterday.
May selling off TO 26.t5. Last prices
showed net losses of 10 to 20 points
Old: May $500; July $500; October
1893: December 23.03.
New: May 26.45: July 25 80: October
1913: December 2347: January 2S.lS;
Spot cotton steady and unchanged
middliug 1850
The sun., 1919-04-23
STANDARDIZATION Convention.

MADRID, April 22.-The financial con-
vention between Spain and Great Britain,
under discussion for several weeks. was
signed on last Monday. Under the
Agreement Spain will loan Great Britain
7S 0o0. 900 pesetas at q per cent. in re-
turn for which Great Britain will permit
free importation OF oranges and export
$50. 900 tons of coal monthly to Spain.
The sun., 1919-04-23

Custom House Receipts.

Receipts for duties at the Custom
House yesterday were $416,457OO, of
which $17S.4S2s4 was for merchandise
withdrawn from bonded warehouses and
$236, 974.16 for recent imperial tons
The sun., 1919-04-23
London Money Market.

LONDON, April 22.-Money. sM Dor
cent. Discount rates-Short and free
months bills, 3% per cent; gold pre-
miums at Lisbon. $500.
The sun., 1919-04-23

ORN-The market made new high rec
ords around the opening. but later pricAs
experienced a sharp decline under heavy
proht taking. In the local cash market
No, yellow was quoted at sl.s2.: No .
white. Slsi% c and {. New York.
OATS-The market was Influenced
largely by the action of corn and prices
eased Oft after an early advance. There
was partial recovery from the lowest.
Final quotations were \ to NC under the
previous close. The local market was
easy; standard quoted at 7sh to soc: No.
white. s09c.: No. 3 white, 70 TO 7sLc
No, I white, 7sls to 7sc.: fancy clipped
white, 500 TO $40: ordinary clipped white.
1874 to s0tsc.. all elevator
RYE-Msrket easy. No. : Western
3l.s6 c. and Z. New York.
BARLEY-Marke. firm. Feeding, 3I2I,
mailing. Sl.ss, c. and T. New York.
BUCKWHEAT--Mark steadier: sound
milling. '2.s6 nominal C. and T. New York
HAH-Market steady. No. /. s2.O5; No
?. si.s6 10 So: No. 3, sl,s5 to $3.50.
sTRAw-Market steady. No. rye. SIS
TO SIG ton,
The sun., 1919-04-23
Au.traIia Lifts Ban ON CapitaI.

MmBouRNE, April sz---'ihe Federal
Government OF Australia has announced
the removal Of war restrictions on the
asmpioyment OF capital
The sun., 1919-04-23
WESTINGHOUSE ELECTRIC
a MANUFACTIRl\G COMPANY

A dividend OF ono and Three quarters
Per Cent. (S7la cents per shared on the
COMMON Stock OF this Company, for TIC
quarter ending March ~, 1919, will he paid
April 80, 1919. 20 Stockholders Of record as
OF April 4, 1919.
II. F RAETZ. Treasurer.
New York, March 90 1919.
The sun., 1919-04-23

For series of years the nine months
domestic exports have compared as fol-
The sun., 1919-04-23
AMERICAN BANK NOTE COMPANY.

A dividend OF 70 cents per share ~ %
on the Common stock has been declared
payable May 18th, 1919. to holders OF
record at tho close OF business May lst
1919
The transfer books will not be closed
GEO. II. ,DANFORTH, Secretary
New York. April slst. 1919.
The sun., 1919-04-23
.RAzILIAN COFFEE STATISTICS.

Coffee Cabes-There was holiday in
Brazil. Receipts at Rio were the only ones
received which were reported as 1000 bags
for two years.
The sun., 1919-04-23

LONDON. April 90 -Following are the clos
ing metal quota tons
The sun., 1919-04-23
10 the Holders Of stock Trust Certificates
for Preferred stock Of the
lNIERNAIiD\AL MERCANTILE
(nMpAAH
LOST. FOUND AID REWARDS.

LOST-Tass Buui. No. 1853 OF tho Cha.
than ana PheniN National Bank, 2OS East
5Ith Street, n. Y. Payment stopped Please
return book to bank.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-08-08
FOOD SUPPLIES ARE
REPORTED LARGER.
THAN CASE YEAR AGO.
AS a Result Corn Went Off
After Opening Strong.
Oats and Provisions
Also Down
BY Associated Press

Chicago, August railroad strike
troubles which hampered the arrival of
corn here lifted the corn market today
but the effect was later partially count
erbananced by the federal trade COM
mission report that food supplies were
larger than was the case year ago.
Corn quotations unsettled 11s net
lower to AS advance. with Septemb err
1S6 to 1Se q and December $50 to $50 "a
and DecemberA
Oats were unchanged to I Is lower and
provisions down 10 to SOC.
Owing to the fact that contract
stocks of corn here amount to only
100000 bushels and because of the
chance that complete shutoff from
new supplies might soon take place,
material advances which resulted in the
price of the September delivery were
maintained throughout the session. On
the other hand, sentiment as to the
more distant months changed radically
during the last half of the day.
Besides the bearish construction pu t
on the report of the trade commission,
there were embargoes on wheat.
In the oats market the governing
factors were virtually the same as in
corn.
Provisions turned weak when new
labor troubles developed in the packing
houses here.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-08-08
COTTON WENT into
NEW LOW GROUND
IN NEW MOVEMENT
The General List Closed
Barely Steady at a Net
Decline of 100 to lao
Points on the Day

New York, August THE cotton
market not only lost all its gain of
yesterday but sold into new low ground
for the movement during todays trad
ing owing to unsettled general condi-
tons and the break in the stock mar
ket October contracts sold off to $3.50
in the late trading compared with S2.27
the high point of yesterday and closed
at 5000 with the general list closing
bearly steady at net decline of 1870
tc 140 points.
Liverpool made a relatively steady
showing but the market here opened
at decline of to "a points and soon
sold some 70 to so points below last
nights closing figures as a result of
renewed liquidation combined with
scattered southern and local selling.
Rallies of some IS to 40 points, oc-
Cured during the middle of the day
when covering was promoted by reports
of high temperatures in the southwest
and bullish crop accounts from other
sections. These features seemed to
make little impression on sentiment,
however, and the market weakened
again during the afternoon on reports
of labor troubles in some of the
southern mills. unfavorable export
news and the weakness of the stock
market. The close was within or 10
points of the lowest
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-08-08
Iron and Steel Review

Cleveland, o., August July car
ried forward in an accelerated way
the turn of iron and steel conditions
which came in June and production fig
ures for that month impressively meas
ure the extent of this further growth
of business. 1t is shown by statistics
of pig iron production that surprising
ly large gain of 48 blast furnaces was
made by the active list in June; of this
increase. 81 were contributed by steel
works or non-merchant stacks and by
merchant producers. Strong trend to-
ward increased steel works output is
shown by the fact that not single
furnace supplying these plants was
blown out in July The heavy gain in
the number of furnaces in blast brought
about an increase of 360,626 tons of pig
iron in July over June. July total
was 2,474,654 tons as against 2,114,028
tons in June and 2,107,729 tons in
May. The number of furnaces in blast
at the close of July was 247, COM
pared with 1919 in June and 1877 in
May.
New business is more than keep
ing pace with expansion of production.
With one or two exceptions buying
continues of a very liberal scale and
receding deliveries and growing or
der books attest the strong position
enjoyed by most porduceSs. Neverthe-
less, a highly conservative attitude
continues to be maintained with re-
gard to price advances, which mani
testify in some products at least seem
more than warranted by underlying
conditions. Reports of probable price
advances seem to have stimulated re-
newed interest among pig iron buyers
and the past week has shown a con-
siderable burst of new inquiry and an
increased volume of sales. There is
stronger movement toward negotia-
tions for next year.
Cleveland makers have advanced the
price SO cents. A Buffalo interest has
raised its schedule from 81 to $175 for
next year, and corresponding action has
been taken by several individual pro-
ducers in eastern Pennsylvania, in the
south and elsewhere. Labor conditions
continue to play some direct or indi-
rect part in plant operations here and
there. and export business is in good
volume, despite obstacles Of the Eu-
ropean exchange situation Although
England continues fairly active pur-
chaser. orient and South America offey
the most promising field for immediate
business. China has bought 900 kegs
of nails in addition to various other
lots of steel and pending inquiries from
that country include 10000 tons of
rails: $1,000 tons of shapes and 1000
tons of irgots.
Japan bought 5000 tons of blue an
nea1ed sheet and 1000 tons of light rails
News sales to England include 1000
tons of steel bars, $4,000 tons of iron
bars and 1000 tons of pipe. Italy has
bought 10000 tons of bars and some
Spiegeleisen.--The Iron Trade Review
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-08-08
LAST HOUR IN STOCK
MARKET WITNESSED
GENERAL CRUMbL|NG
Setback Began With Steel,
Equipments and Miscel-
laneous Shares, Which
Have Been Features

New York, August Prices in the
stock market crumbled in the furiously
active final hour of trading today. The
declines, which were the most severe in
many months, came Unexpectedly. When
the market opened speculative interests
resumed their operations in a cheerful
frame of mind, evidently taking little
heed of such recent events as the ultima
tum of the railroad brotherhoods and 9TH
er disturbing developments.
Decidedly less optimism was shown.
however, by conservative financial inter-
ests which expressed the opinion that
the railroad situation and the general
trend of affairs at Washington were cal
culated to unsettle commerce and indus
try.
The market rose and fell between these
divergent views during the early and in
termediate stages of the session, but SELL
ing of the most aggressive character in
the final period wiped out all gains and
left many severe losses.
The setback began with steels, equip
ments oils and miscellaneous shares
which have made up a large part of the
markets of the past few months, rails
displaying comparative steadiness.
1t was a matter of board room gossip
that President Wilson's address before
Congress tomorrow would recommend
drastic action against prof1teers apd that
many industrial interests not hitherto
mentioned were likely to come under the
governments displeasure.
y The market was demoralized at the
close when trading assumed such
enormous proportions as to delay fnai
prices by almost half an hour Net losses
of to 10 points extended throughout the
list.
Bonds were irregular at the outset, but
weakened with stocks on limited offer"
ings. Sales (par value) aggregated $40, $50,
600. Old United States bonds unchanged
on call.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1919-08-08

choice. 14.25G1s. Csc; common and medium,
9.50714. sc; butcher cattle. heifers, 4oG
15c; cows, 7.25614. SOC; Gamers and cut
tiers. eq7. 25c; veal calves. light and handy
weight. Is. 5Oai9 soc; feeder steers, SG
13.50c: stocker steers. SOLE; western
range steers. s916 soc; cows and heifers
25613c.
Sheep: Receipts, 1900; estimator to-
morrow, 10000; strong; lambs. 81 pounds
down. 10. 75t017 Csc; -culls and common, 90
Is Sc; yearling wethers, 9.75f12. soc; ewes,
medium, good and choice, 1890; culls
and common, 2.75G6. 75c.
East St Louis, August Hogs: Re-
ceipts, 5000; higher; top, p 40c; bulk OF
sales. Z022 Soc; pigs. 12@2Oc.
Cattle: Receipts, $500; steady to high
err; beef steers. good. 1Sq15 SOC; common,
IL 25@1sc; butcher cattle. hefers, 7.7sq
IL. TIC; cows, 7.50GD13c; Gamers, 5.T5@7s SOC
veal calves, 159450d1S. soc.
Sheep: Receipts, 5000 steady; lambs,
IA 25G716. soc; common, 649c; yearlins
wethers, 10Gi1c; ewes, S.5e09c; common
sG6c.