davidaulloa/AmericanStories huggingface dataset:
The sun., 1919-01-21
NOT YET AGREED ON
JOIN? CHINA LOAN
Japan Approves, but France
and Great Britain Still
Considering Matter.

WASHINGTON, Jan. 20--Agreement on
the proposal OF the American Govern
ment that bankers OF the United States
Great Britain, France and Japan unite
In joint loan to China has not been
reached. Japan has approved the policy
IN principle. but the Governments OF
Great Britain and France still have the
matter under consideration
Thirty-two American banks in various
cities are to participate In the loan. the
amount OF which is as yet undetermined
Contracts covering the amounts Of the
money to be used for the specific pur-
poses outlined by the Chinese Govern
ment will be drawn W, and they must
be approved by the State Department.
Inc Government then will assist the
banks in financing tho loan, but II will
not guarantee II. az 1t is not regarded
desirable that the power OF the Govern
ment shall be invoked for collection
j. J. Abbott OF Chicago is going to
China as the representative OF the
American banks and will confer there
with representatives OF the bankers of
other nations who are on the ground.
He will investigate projects for which
the loan is desired and ascertain approx
imately the amount OF money required for
each one. II was said to-day that until
he returns nothing definite can he de-
termned, even II Great Britain. France.
Japan ant. the United States reach An
agreement in the meantime
The sun., 1919-01-21
STOCK EXCHANGE BOOKLET.
Souvenir VIII he Given to Visit.
ing Soldiers and Sailors.

A neatly prepared booklet telling
about the New York Stock Exchange.
what IL is and what It stands for, is be-
ing prepared by the exchange for pres
entation to visiting soldiers and sailors
who visit 1t on sightseeing trips about
New York. Since the transports began
to arrive frequently bringing back from
France soldiers from all parts OF the
country. the exchange has been receiving
scores OF them almost daily. These men
have been shown about tho exchange
and its workings have been explained 10
them.
The booklet, which is intended as n
sort Of souvenir will be given to the
men when they visit the building. It Is
OF eight pages. between brown covers.
Upon the front cover. besides the title, Is
printed the exchange service flag and
reproduction Of n button worn by the
men in attendance at the inaugural ball
OF George Washington. A picture Of the
exchange building takes up the first
page. and the centre of the book contains
double page picture o; the exchange
floor taken when Il was decorated -
Liberty Loan meeting. The text is a
brief summary OF the business done by
the excha nge and concludes with a. state
ment of what the institution has done
in the war.
The sun., 1919-01-21
FO0DSTUFfS EXPORTS.
Value of L. 8. shipments in 1913
WINS More Than S2,OOO,OOO.OOO.

Tie total value Of foodstufrs exported
from the United States during 1913, ac-
cordns TO figures compiled by the For
e'rr Trade Department of the National
City Bank, was four times that OF the
annual average for ten years before the
war, The foodstuff exports for the year
were more than $4,000. 100000. The
early average for ten years preceding
the conflict was under s500,0o0,000.
en- fact" the bank says. the value nf
t'ndstuffs exported from the country IN
the decade proceeding the war averaged
MT $3.50 100000 per annum and never in
an year prior 10 the war reached as
much as $500. 100000. In 1915. however,
he first full year OF the war. II
amounted TO sl,O12.0OO.0o in 1916, ST.
i1too0 goo: in 1917, 100000, and
n 1918 crossed the 100000 100000 line.
c"e.al figures of exports 20 foreign
countries in 1918 show a total of over
1880 lo0. 900 and when to this Ia added
N" amount sent on Government vessels
and not Included in the official reports Of
n" Castom House, plus those 10 our own
's7r.,s not classed az exports. the grand
f0ta! OF foodstuffs OF domestic produc-
'or passing out of tho United states
IN 1913 VIII exceed $1,000, 100000. or
T0r" ,lau four times the annual aver
age IN he decade preceding the war"
The sun., 1919-01-21
FILE OIL CASE ANSWERS.
Petroleum Enters
Reply in Suit Against Lcyerinr.

The defendants in the action Of the
Metropolitan Petroleum CORPORATION
against Richmond lowering and others
yesterday fled answers TO tho complaint,
Inc suit was instituted some time ago
by the Metropolitan corporation, which
charged thac in December. 1916. Lever
ing and his associates were IN control of
the corporation and were under contract
to buy $4,000 900 OF it's debentures that
lowering personally knew that a Metro
poiitan petroleum oil prospect in Mexico
was about 10 develop a large oil pro-
Queer; and that he concealed this knowl-
edge and plotted with A. r. Leach 4
Co.. the New York banking house, TO
bring about 4 condition whereby the
company would be forced to sell out its
oil properties at considerably less than
their real value. frat the Island on and
Transport Company. formed by Lever
Ing. could gain control OF them
All OF the charges are denied in the
answers, which enter into lengthy his
tory OF the corporation. These answers
state that the Metropolitan corporation
was discredited because OF alleged Jug
Cling with its stock that Il was irnpos-
siele TO finance the company: that ITS
leases and options were about to expire
and that LevetinE arranged to buy the
properties and a pipe line concession, 70
pay of $4,000 and 20 give the cor
poration 100000 OF Island OH stock.
That plan was ratified by tho stockhold-
ers In June, 1917, the ans ers set forth.
In answer 10 the charge in the COM
plant that for several months prior to
June, 1917. a. d. Leach and his ASSOC
ciates with lowering and his associates
had been conspiring To- get possession OF
the Metropolitan properties. the papers
filed by the defendants set forth that
those statements are grossly scandalous
and improper made and sworn to with
out the slightest foundation in fact, or
for any purpose except TO include the
banking house in the reckless charges
made by the plaintiff"
The sun., 1919-01-21
OPEN PALESTINE TRADE.
Throws Holy Land Open 10 Amer
can Export ana Import.

MAshINoroN, Jan. 2o.--Palestine. with
.raue routes reaching by rail and cara
van across Persia. was thrown omen
again to American export and ,,nnort
Board.
The official announcement spec,ned
thet portion Of Palestine and syria
when lies south of the line from Alex
andretta to Aleppa inclusive. and west
OF the lleJaz Railway" The territory
Includes Damascus, IA terminal point for
overland caravans. bringing from Bag
aau rugs aud other articles Of American
import and luxury. Figs dates and to-
oaccos from the Lcyant are among the
most generally known Articles OF conn
merce made available by tire new order,
out there Is no Limit on tho variety or
quantity OF articles of import or export
for which licenses may be asked.
All import restrictions Oh Egyptian
cotton have been removed. 1t was an
nounced. and It Is TO longer a REQUIRE
ment that the bill of lading DO indorscd
by tho Textile Alliance, Inc.
The sun., 1919-01-21
FINANCIAL NOTES.

Hsr-Ns & DER have opened an uptown
VtT'l n.re at e. West l25th street.
.''. Hgginspn Il Co. have bought a.
", POO ten year 6 per cent, sinking fund
t'l2 notes ~ Bird a. Son. Inc. The notes
wee rsso'd within an hour.
H. y. O,Mcara, formerly connected with
.a"so1 Lyon and recently released
.r''H service IN the navy. has established
IL mes.
Hai!pnal Thrift Bond Corpora tion has
te epte4 the following directors for three
ythfT J"sss Isidor straus, Charles =.
los 'lnd' Darwin Il. James. Jr.. and Major
"a a'' llnbr!e.
saTl Porto Rico Sugar Company has
spp. q 70 the Stock Exchange to list ST.
t,ocf
a, ichsoa. Topeka a. Santa Fs handled
fs,ns cars last week, as compared with
',,u. IL tho rdme week a year ago.
..HthTy W, Carlisle has tecn Appointed
assistant manager of the publicity de-
gH..msnt Of the Guaranty Trust Company
II new York. Mr.. Carlisle was for more
hsn year the editor OF the Gss<aBfy
Z 4.
The sun., 1919-01-21

hens and toms. 40: young toms. tic;
scsldcd, choice. 4:q43c.i fair to prime. 40
Old toms ss%s7c kent,icRy and i" T.n mes
see, D. q sac; Texas. IS q t2c.; chickens.
fresh dry packed. !? to box. Western,
Il 70 2. lbs, 4:c IS to 80 lbs. Sc; al
TO rs lbs. 3Sc. ~ to ~ lbs. sac. a. to
- lbs. sio. g to 5S lbs, ass; So lbs. ana
over 10 dog, nc; stays 27g aoe.; West
ern, corn fed. II lbs. and under to duz..
q to &c res,, aac AZ to !, lbs: SEC. d to
~ IBIS, 32hc.; IS TO IS lbs, 35c.; &c lbs
and over, sIc.: stays. 25 a 2Tc.; fresh, dry
packed bhls. Virginia milk fed, 70
p Xii a.. Z. AND over
So96sc. Philadelphia and Ions Island. 1
Iss and oyer. 4:St sc.: Pennsylvania.
q q SOC Western. milk Jed. : to ID lbs,
sis.; stays; :ssa:se;; corn "a. to -
lhs. asbc. stays. ~ q 2ec, ohio and Mich
sizes. zoe. othern Western. seaided. ! lbs.
sizes, 80 sic; mixed weights. :aI SOC
southern. corn fed. bhls. or kegs. 500 Sic:
fowls. fresh. dry packed, milk fed. u to
39e.; IS to IS lbs. 35it3c.. S to A. lbs.
33hc.; IS to 4? lbs. sic; 80 to c5 lbs, soc
over to doz., sihc. IS to IS lbs. 3:fsc,:
"a TO q lbs slhc.: ss 10 % lbs. SOC. 20
dry packed. bbis Wisconsin, d.y picked,
y; ! !h' AZ and oytr si'ss, =, iOS, s9,e.;
lbs each. slT32hc.; sca!ded. medium
sizes. :VIn d 30isc, Southwestern. dry
picked, heIs or kesh mixed weights. so'ac.;
= &c: Philadelphia, lbs and over. IS
9.oe'; to lbs +sat7Gc phi,ndslphia.
IL Il ~ oil hnNa
or bbls.. Wisconsin. dry picked. No. :. per
n. 25c;.: Western, scalied, per Ii. "a.
tened. ID. SOC; ohio and Michigan, prime,
ID, SGc. other Western. choice. n, 3j,.
ieose. fresh: dr. packed. Wiscon.In, fa,-
prime. 3ic. other Western. n. 90 VI SOC.
SQUADS, prime. white. 81 5o8l"; dark. s.
AS rniis, 81 80. Guineas. Spring, $3.50
ffsmiiy. 153g55; short clear. sac 81.
Beef nrm; mess. '75 20; family, t4oa4e;
Gp;a ol '7I%SS; sStra India mess. stSGs5'
:t'N C; pigs. 2Isc. Bellies quiet: picked
clear. lo:l: lbs. sjc.: dry sa'ted clear. Is.
20 ibs' 9i+c, Greases rejected; yellow;
skinned. 1890 lbs. srl.c. Tailow inac.
MIA mGo 1 w.: :p', ,ss 22:s io' city Lar ara
size; refined iarl steady: Continent,
s2s'5a. H-asil kegs S:5 60; south Arcrlca.
. 90 N'p"u,'H HuI'' -"p = - S'sarihr
dIl ';ty lard stear!ne. &c, oleD, l5c.
nominal
suGAR--HennGd sugar: cat loaf 10 inc.
crushed. lQ.cjc.: mould \ 9SOc.: cuhcs
a.i5c., NNXX powd red. ? GO, POWDER
NC; Gre Rrarulatel and diamond 4, SC:
coni"ctloners' 4. s.ecc.; NO /. s.s5c
\EGETARJFS NtySCr,IIASEn,S Az
TI.'JOKEs|caT'.r- t+anch a. ~.
tai.rornia r-rrcb boz SI.,Io. r.r 80. IL
bSi. ,:H5: bs9 icG 'EpTsSEI,&
SpROl'Ts-iorr island nsr p, "a n ~,
raiIror,l, ns- 'n,sj Ir,,,1 90 nrL<E
@F,or,aa va, hak ~, 81 20
bsk, si.5o44 REErs~-ioo bca. s.gi
Cd round p,r bbI. $50 old 1o,r
{, 20 ~. oid NJ e. r6,, . 20. i,
s. -. rvGfMBERsEFior.Gs, do So,
Danish XII 81 aOt,t-;"' orn e. g.
:i-?;ai 20. rod, ton. yS6a 10. red XII
s:rf rcI ,,er IN IN har ~,
rida nov. nor Ahl' sIi5I. ,A1'rr-
FLNWFRS IFio-'dn hoy Nv L.l, III
-
The sun., 1919-01-21
UphoIds 3. G. License Act.

WARRINGTON, Jan. 60 Tho South
Carolina insurance broker licensing act
was declared constitutional to-day by
the Supreme Court in deciding proceed
ings brought to compel state officials 70
issue a license 10 Philip La Tourette Of
New York. Although fulfilling condi-
lions under the law La Tourette was de-
MED n license as he was not n resident OF
South Carolina as the act prescribes
The sun., 1919-01-21
COFFEE MARKET.

The feature OF Yesterdays coffee mar
ket was the persistent selling by local
trade interests coupled with pressure
from leading speculative operator
with no aggressive demand in evidence
On the call prices were to 10 points
below the clos" Of Saturday and further
sharp reactions developed later In the
day. closing 30 to 81 points net lower.
In the local contract marNct European
interests seemed 10 have moderate buy
Ing orders here at the low point for the
December position, but nj best the mar
ket was an empty one.
The sun., 1919-01-21
nnAznIAN C0rrrr srNrIsrIcs.
sherman Allen Gets Bank Job.

WAeHINGroN. Jan. 90 sherman A.
len has resigned az secretary treasurer
or the War Fina0c" Corporation tn ac-
crIt "A position with New York bank
and viii bc succeeded Immediately by
II Reyhurn Burkiin, assistant srCre'ary.
TREASURES. Mr. Alien formerly was fiscal
agent nf the Federal RCsc-v" Board and
Assistant secretary Of me Treasury, Mr..
Burkln had been with the Federal Re-
serve Board before gong TO tho War
Finance Corporation.
The sun., 1919-01-21
largest Catch Lowers Prices.

l2sToS, Jan. 20.--Receipt of 1000. 600
POUNDS ~ fresh ground frh. the larr
-, catch brought TO this market In
rary weeks. caused a general lowering
a. ;".''s to-day. Sales "ex-vessel" were
''a3" an a basis of To ~ cents a
? j'd for paddock. TO . cents for largo
CO., 10 cents for market cod, cents
- 7o'""N and 80 10 40 cents for hall
The sun., 1919-01-21
New Orleans Cotton Market.

NEW ORLEANS. Jan. 20.-Weakness de-
veloped In cotton to-day under general
selling and the market closed at the bot
tom. net loss Of ~ TO US points jan
uary. 1850; March. 2375; May. 2e.25 |;
July. 1870; October. 1926. Spot quiet
SO points on middling, 1885.
The sun., 1919-01-21
To the Holders of stock Trust Certificate
for Preferred Stock Of the
ISTERNATlOSAI NERO ANTIIF
MkRlNE GnMIkNE
Custom House Receipts.

Receipts for dr.- at tie Custom
rouse YESTERDAY were Sio4,Gi2 ~, OF
which 3lis,6O0.l6 was for merchandise
with drawn from bonded warehouses and
s253,042,io for recent !mportations.
The sun., 1919-01-21
ELECTIONS AND MEETINGS.
CONSOLIDATED GAS CON-
PANY OF NEW YORK
1870 EAST 18th STREET

Januafy 9th, IVY
The annual meeting OF the stock.
holders of this Company for the election
Of Trustees to serve during the ensuing
year will be held at this office MON
DAY, January eth. 1919. Polls will
be open from IL NJ. to P. NJ. Trans.
fer books will close Saturday, January
18th. 1919, at IL NJ, and reopen Tues
day, January 2Sth, 1919
Il. a. CARTER. Secretary.
The sun., 1919-01-21

MEMPHIS. Tenn. Jan. @0.--The Mem
phis Street Railway Company was
placed in the hands of receivers to-day
on its own petition. 7. H. Tutweiler,
president of the company, and Frank A.
Elgin, an attorney. were chosen receive
erS.
The sun., 1919-01-21
c. \. h>DRrsEN. INC.

TO THE 'STn- NHOLDIIiS OF Q. 4.
ANpEESEN. INC
PLEASE TAKE NOTICE that "A epec ial
meeting OF the Stockholders Of {. \.
A7lr".en. Inc. Will be held az tho onco
o. the Cornpany, 81 Fulton Street. New
York, y Y. on tho 2Sth day Of January.
1919, at 10 90 O'Clock \. NJ, for tho rur-
pose Of considering and taking action upon
the proposal that the nam" Of the corpora
-ou to changed from -. 4. Andersen.
lrc,' !,s present name TO &C. y. AnGrcscn
& son. Inc
Dated January li.h. 1872.
.. \. ANDERSEN, President.
J. G. A$pEFSEN. Secretary.
The sun., 1919-01-21
Elk DIVIDEND TABLE.
Exports From New York.

Oats, 27S,s90 bushels; beans. 9.07c
bushels; beef. 5.sl2 barrels: bacons
3123,lSs pounds; barley. 1921 bushels
-four. $3.50 barrels; finur. s.a90 sacks
hams, e5o.S27 pounds, lard. I.s76,sit
pounds IS -,
The sun., 1919-01-21
Recent Conventions Heavy.

During the last few weeks the con-
versions have been very heavy, and
more than s50,000.0o0 OF these notes
have been presented for exchange into
lorg term bonds These bonds represent
'ae only long term obligation of the
British Government payable IN dollars
n New York city and dealt in on the
american market.
The arrangement just concluded !ndi-
oates that the bankers are willing TO
take over all notes not converted and
exchange them for the long term bonds
q, tie British Government. This action
or their part Is significant as 10 the con-
a4enco they have In the future values OF
tAA long term obligations OF the Govern
inert ~ Great Britain"
The sun., 1919-01-21
Corn Closes Heavy.

CHICAGO. Jan. 20.--Assertiors that
Food administration officials rec gnized
the necessity of lower prices for con-
suncrs had a decided hearkh effect
to-day on corn. The market closed heavy
at 3 to 4sa cents net decline. with Feb
ruary 12sTs to 1895 and May 1e45s TO
125. oats lost ~ to Is.
Bear.sh sentiment rs TO corn Appeared
TO spring chiefly from reports of pressure
on Congress to assist in lowering the
cost OF foodstuffs. In that connection an
influential trade authority was quoted
as saying that he had learned unofficially
that from now on Food Administration
statements instead OF enhancing values
with famine talk would lie Cf a nature
to exercise an opposite influence.
Much selling resulted also from the
bill seeking to provide that the 1919
whea; crop should be disposed OF IN the
open market, tho Government paying
the producer the difference from the
present guaranteed price.
Word OF virtual embargo on nearly
the whole export business OF Canada
because 81 congestion in French and
British ports tended further TO weaken
the market.
The sun., 1919-01-21
coMuy,rro> rNG,HEnnI>o conronA-

\ dividend - s. n" per share on ~.
capital sro", - this corporation mas Ne'u
dee, Ard ia'al'' .N tour uua.i,r,,. las. ALL
r,eu's - s. so 'N o., thr Graz plylalo + pc
rIa. g, 1872. =, stockholders ~ rc,nrG AZ
the c.os" %: bus.i",. janusrY - l2il;
such ttyd"nds icing pavah'" IN Fourth
Lihartv Loan Bonds ut par, fractions II
less than l5r t"!ug pa! able IA cash
GEORGE l. LEARSAEp. President
The sun., 1919-01-21

CORS--Th. marke: experienced smother
sharp decline. prices breaking TO cent?
n bushe. despite the fact Il declined last
week about cents and WAS thought to
have become oversold and technically
strong. In the local cash market No. .
yelio Wand No. . white corn were quoted
a. si5Sa cost ami freight New York.
OATS--The market declined more than
a cent Il bushel. The local cash market
was dun and nominal with prices easier
standard quoted at 10 uI6i.c. No. .
white. T6t2c.; M. white, 75ts u use. 4;
No. white. T5d-5Hc.; fancy clipped
white, 11I7 ac.: ordinary clipped white,
76u16Lc, al elevator.
RYE-Market dull: No ; Western. $40
cost and freight New York.
BARLEY--aIarkst easy; feeding. sl.O5a
1.o7; mailing. sl.le l.l6 cost and freight
New York,
BICKWHEfT--Marke dull: sound
milling, sS.25 cost and freight New York.
HAY Market dull; Ne. !. = 7o6I III.
No. :, fGOu l.6j: No. fii5Ui.5b.
STRAW-Market firm: No. Rye. $3.50
9i7.Jo per ton.
The sun., 1919-01-21
DIyIDENDS AND INTEREST.


At !, meeting Of tho Doard nc bir~ctorS
~ tho ST "art Warner Spcedomctn- Cor
roratIou, hold January goth. 1919. a DIV
dend or iNn ~ T"r cent. was declared
upon the stock 81 this Corporation, payah
February 18th, 1871 to tho holders ~ "a 4
stock II record upon the transfer hooks ~
thls Corporation on January .Sth, 1919.
The ~ rCk hooks ~ tvs Corporation VIII
y" closed for the transfer Of storN from
ami Including January SON. 1919, to ug a
.mllmninE l-.--Mhr. MN. tAIN
The sun., 1919-01-21
SYNDICATE TO CARE
FOR BRITISH NOTES
Bankers in New York and
Other Cities Underwrite
Issue Due February 1.
AMOUNT IS S87,500,0O0
Probably VIII Be Reduced by
Conversions Before Time
Of Maturity.
AMOUNT IS S87,500,OOO

spart Of tho programme for financ-
,ns the requirements OF Great Britain In
This country. !. =. Morgan & Co. an
,ourccd yesterday the formation of n
e-oup " bankers TO underwrte tho con-
,srston OF the outstanding two year So
mar cent notes OF the Government Of
rreat Britain. duo February !. OF the
si,?50o 600 notes outstanding before
+o,ders began to exercise their privileae
=, conversion, approximately SIS ,00O. 900
lave been converted. The underwriting
amounts 20 sS7 100000, although that
sum will he reduced by further CONVEX
sions between this date and tie time Of
maturity.
The group Of bankers, II was learned.
comprises the banking houses and banks
r,bth participated In the hotat!on Of
n. original issue Of $3.50, 900, 900 In Jan
vary. 1917. OF this issue 500, 900 900
vas raid on on February !. 1918, and
$500. 600 was retired through the sale
., underlying collateral and $4,000.
600 has been converted Into long term
bo.ds.
Tho group Of bankers which has par
donated with J. L. Morgan q Co. in the
fo,a,ion Of foreign Government loans
Includes. among others. the following
THE First National Bank. Brown Brothers
a Co, Kldder. Peabody & Co. Kissel.
Tlnnicut, & Co. the Bankers Trust Com
ranv. Harris Forbes & Co. J. & w. Selig-
,nann 4 CO., Lazard Freres. the Guar
antv Trust Company. William A.. Read &
20 tho National City Company, Lee,
Hiyrinson & Co. waite. Weld & Co and
ne Farmers Loan and Trust Company in
New York. and important institutions
in other cities
Syndicate Issues Statement.
In connection with the formation Of
this group Of bankers the following
statement was Obtained yesterday:
An Interesting phase of the interna-
uoral banking situation has been made
known IN the formation by J. =. Morgan
x Co. 81 4 strong group of bankers TO
u7derwrta the conversion OF the out
Standing two year 5i1 per cent. notes
o. the Government OF Great Britain due
February !, 1919.
This action constitutes an entirely
rev departure in International flnRnc-
Ing and indicates the belief OF those
who are most familiar with the Issuance
Of foreign Government bonds in this
country that the conversion privilege
which these notes possess Is an attrac-
tive one. Heretofore the financing by
Foreign Governments has been entirely
on a short term basis. part Of II collater-
ally secured and part ~ secured.
Tile United Kingdom notes which
mature on February i next are part or
m issue of $3.50. 700, 600, Of which $780,
COO 600 were paid off on February II,
1915. The $4,000, 900 United Kingdom
notes maturing last September were
likewise paid of IN cash. But these ma
turtles came while war still prevailed.
with the signing of the armistice
.ha desirahility Of Il twenty year ga
Ter cent bond Of Great Britain began
- make a strong appeal TO many In
,estors, and the notes due February |,
which contain the right OF conversion
into such twenty year bonds advanced
n the market to about 1oi.
Recent Conventions Heavy.
The sun., 1919-01-21

Notice Is hereby given that tho FIRST
annual meeting Of tho stockholde Of
Williams ~ Terhune, In. VIII be held a.
It's office, i Rr"a iway. New York. y. Y.
on Tuesday. February AN. 4?l9. at three
J. m, frr tn" election OF directors, 'he
amendment ~ bylaws and such other
business - may properly come before said
i.rrt:Ug
CSlgnedD ROBERT Il. BARTHOLOMEW.
Secretary,
AnnuRl Meeting ~ Stockholders OF @. ".
CirnT.cN 90. = Sullivan Street. January
O. 1919. L. NJ. eI"Ctlnn II Directors
The sun., 1919-01-21
say. Crop Dencit Bill VIII Pass.

Washington dispatches quote Chair
man Lever as stating that the bill APP
propriating $3.50, 100000 for handling
tho deficit on the 1919 wheat crop will
be passed. and It Is expected that tho
guarantee will be made good TO the
farmer, and the surplus sold to the con-
sumner Mt the competing world price.
Whether this is to be done by an agency
appointed by the Government similar in
scope to the Grain Corporation to buy
all the crop at all the mills. country
and terminal elevators or in some other
way is not stated. There are about a.
600 country elevators, 10000 mills and
many terminal elevators. and It will be
necessary to have an agent at every
point 10 see that wheat is not paid for
several times over.
The question OF possible storage ca
pacity TO care for the 1919 crop has
been raised. but there has been very
little difficulty so far with the 1918 crop
The total storage capacity OF the coun-
try. terminals, mill and country. Is es-
tmated at close to a billion bushels.
and with q crop this year within lees
than 2oO.oo0,0oo bushels Of the esti-
mated crop for next year the maximum
amount Of wheat in store In all posi-
tons nj any one time has not been 30
per cent. OF storage capacity.