davidaulloa/AmericanStories huggingface dataset:
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-27
THE H0WS AND WHY'S
OF GRAIN SHIPPING
John 4 Nhtrhur-t. President NJ
Suatc Board 81 Agriculture, Pre-
parcS Handbook
HOW WHEAT MAY BE SOLD
Qucetionnnirc Compiled nv secretary
of Fcdrrnl Grain Corporation "a
Bc Of Greet Isc Ia Farmers.


sps-i, tgTh. World
OKLAHOMA CITY Ipnc % I,
-
"'"'' ~ '' '''' '' ''' '.'I ''' ''' ''
rr' wheat r'lN''t ana h1n1.r ~
"h"ai M olnh"w' d'in.', lniufinh
non regarding 'h" I''iIl" Hi 'h"
I"d'rnl gram 'o'noi'N"n "n severn.
pnhh'H or "h''I llaI''llnE ana
transportation about winch mere hi'
he'n FTr'' a'aI nf r'n'ln,InH ."uin
Ion Expressed John a Whi'rhu.''
prefid'nl ~ mo state hn'il m 'rrl.
culture, mas secured from watson
moore '''r'''i'. "f lhr I'l"' i''"n
anHWyrs q" s"rI'' NJ questions pro
pouhdea ny INC '.'." h''Ll
ON" m mo most Imp"i 'lu' phases
"t mo wheat mar ih'N0t rfoh.'W h'H
he'n mo WlfE'n WhI'h 'IeNA''fh
would be- permitted i' ch1'F" grow.
sr" iol I'd" hn'o.'nr ~ lh'r '''p.
" had h'rn reported mat q r." oi
elCh' ocris hhsNrl "en'd Dc n'i
mlilod ana mus m'uFhi E'''nh"HH
onl'''l'n from ne fl"W'i' 'n'S, "I
WR"m a''''I'N nov '"'.N
man two cents a hufhcl ?" INl lh'
wheat lhrough IN" elevators Hnh h'
lloNed mo clFhl r"hlT 'hArF' ~.
Fond ihe range ot T'1~"h. ON 'HN
phase OF mo qu"H'l'n N',r"inr'
moore informed inc h'Atd 'hH'
producer may coWrIaln 10 the gram
CnrpolAu'n N'c' n'''lH'h' A' hAhNlH
Cly, tor lh' ok'h"nh zone, w. w
ne producer ludEm'ni an uhih't
margin ot pLoII, hns n,,n $500
ana u ,n' VIZ. p''s,,',, = u'. ''',m
is unsatisfactory arpe" may ne
taken io JullnN ". barnes. 'h''i nHn
OF the CORPORATION, ~ hr"'u"'y'
New YORK 'llF
Following nrr ihr .1u"',,'IohH re-
fertcd bE lfeNa'ni Iu'H' Hlu
the r'plle" tn'hl'hod ny secretary
moore ,I
IN It necessary 70 nave = tedernl
ncense to huy gram ann "her' 'Nn
Snch license hr secured w h''tH
sary ana apnlcaiinn Inr HoenNe cnn
be MADE 10 u = i'lahhTs. gr't, cor
porau"n' hIhhu'A' ou''"'"s' N"'''"'
CITY ,--,- 49, -.
Does iarmcr. hn'nP'nE ~ wv |
grhdn, or q community OF "'h''IH
shlpplns 'h'lr uN" tln" ,,
procure HO'"No "''''o '"o' ''
ship No.
IL mere any movement on 'ne p"rt
Of the grain corporation to prevent
farmers haVing cars ana losu.nb snu
shipping their own produch No
Can grain dealer, VINO " ordlnh'
lily known aE scoop shoVel .us"Ie,
own an elevator put nuyr am -,
on Track. procure ~, ,u',..,, -
grain - scoop hnoNtl uea W.
owns no elevator btt puye mo se,'n
on track must procure Incense I"
buy gram .,-,.-
VIII the cars OF gram TOT inter
state shipment he graded ny tedethl
grain inspectors before reaching deH
tlnauon7 The federal grain super
visor obtains at termlnal points put
country buyers are expected 10 buN |
on tho bases OF the tehersl stahu
ards
WH Lusro y, "il - ,...ti',
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-27

NEW York. June 26-The
backbone Of tho market teams'erN
and chaufteurs strike, when de,
priveds the city o5 fresh trills anu
vegetables since last Monday was eI-
fectivrly broken today by tomor-
rcw produre dealers declared to-
pirht normal conditions would pre-
vail
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-27

Art /. Walker, who resigned
Tuesday NJ chairman Of the state
corporation commission. is spcndlnl
Whurika.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1919-06-27
Capital Gossip.

SpeclA 10 The World
OKLAHOMA CITY. June 26.-HH
Tom klRht. Rogers county MON
bor NJ the house Of representa- tlvc'
In the seventh legislature uui
father of the bin which created tho
Oklahoma Military academy al
Claremore. was In conference WITH
Governor Robertson Yesterday on
matters connected with mo new
school.
Three reslEnatlons have been pre-
sGnted by employees ~ the state
orporAtion commission Miss Ada
Endres, v'ho has been acting fecre-
tary during the vacation of Sccrr-
tary Glen, probably will so 10 Fort
worth. Texas TO enter tho office
OF Judge W. u Humphrey Of No
wata, who res gned his office AZ
member Of The commission several
weeks ano "a return IN the Practice
OF law Louis N RnEey. conser-
walton officer In tho blackwell Gar
her oil and gas field. n IL under
stood, will move 10 Arizona A "
Hardy OF the accounting department
resigned 10 accept position IN the
state highway department
George Short. assistant attorney
general is IN the eastern half ot
the state Investigating complaints
OF alleged law violations az Clare
more and Okmulgcc
Henry wood, state highway COM
missioner. and Max l. Cunningham
state engineer, are I'm Kansas CITY
attending conference of highway
commissioners anil enEinccrs
Judge Thomas " Doyle ~ tho
state criminal court ~ appeals is
at Perry this week on pers1nn.
business mission.
Art l.. walker who resigned
Tuesday NJ chairman Of the state
corporation commission is Epcndinl
few days At his former home at
Whurika
Information reaching the state
marketing commission shows "a
sharp decrease in tho price NJ altal-
"a hay Present quotations are t2l
to SEE ton IN carload lots. No
compared with $3.50 q ton during
the winter. ...s.a
Frank Carter s.'e auditor. has
returned from Chicago where hr
went to attend the national tax con.
ference.
The attorney generals depart
The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1919-06-12
Farm Machinery, Implements, Etc.

l 314 inch Peter Schutler wagon with grain bed
3-inch Peter Schutler wagon with grain bed
1 311a-inch wagon with grain rack
| tight-bottom bundle rack .
Mitchell hack
14-inch Canton Clipper gang pillow
14-inch Moline gang pillow
141inch walking pillow
30-foot Boss harrow
The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1919-06-12

16-foot Rhoderick iron harrow
8-foot Rhoderck double disc
8foot Smith reversible disc
5-foot John Deere mower and rake
8foot Deering binder
10-foot Van Brunt drill
sets of harness-sled saddle, tanning MILL grind stone
and the other articles which included in
first-class farm equipment
Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1919-02-14
WHIT -eqF7orrs.
Progress in the South,

The Transformation within a tweive-
month Of certain sections Of the south
IN agricultural and business coudi-
IONS seems Almost unbelievable. These
we're portions of the central south at
this time last year that were in the
slough Of despond. Crops OF all kinds,
owing to the boil weevil and excesst, Z
rains. were almost complete failures.
Negroes, the staple agr;cult lral Iabo:-
afs' were leaving in thousands for TIL.
north and the east, AMI the future
seemed to offer nothing but that grim
endurance which the soutl.Srn peop.c
naVe SO often experienced and prac-
ticed
Today the reports throughout these
same regions are optimistic beyond
expression. and indicate that the poast
# the south that ut Is the land of
opportunity" is in reality SOBER
truth. II some crops such as rice aud
sugar cane, were not as large as in
some years past, these products nov
of1ng great prices which lnore than
make up for the difference to the pro-
ducers. 1t is true that the same Seq
ternber freeze that hurt corr. SO baily
asst year likewise hlighted L large a.-e;,
on cotton in Tennessee, Mississi,,p,
Arkansas and Alabama. But, again
the appreciation IN price of Ibis great
staple brought its comp ansa.lon to tre
farmers and planters. An interesting
Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1919-02-14
MANY NEW BIRDS BEGIN
TO LAY IN sTORRS CONTEST
During the 14th week OF tha laring

During the 14th week of the laying
contest at StoTrs. the total production
Of ii pens amounted % 2299 eEss. or
a yield OF SIS per cenr. The increas-
| ing number OF Is and Is appearing in
! the individual weekly production rec
ords indicate that many new birds are
beginning to lay. In the 18th week
there were 1852 individuals which fail
ed to lay even one egg, whereas in the
l4th week just closed there were but
343 which failed to lay
pen Of White Wyandottes belong
ing to Herbert L. Warren, St. Lambert,
Que, won first place during the 14th
White Plymouth Rocks belonging to
Chickatawbut Farms, Canton, Mass,
was in second place with yield of Il
eggs. BY laying 40 eggs each, three
pens tied for third place, namely, Ho-
mer P. Deming's Rhode Island Reds
from Winsted, Conn. Pequot Poultry
FARMS Rhode Island Whites from
Southport, Conn, and the Sforrs Elk
pertinent station pen of experimental
White Ieghorns. A pen of White Leg
horns belonging to A Il Penny of
Mattituck, N. Y, was IN fourth place
with a YIELD Of SO eggs.
The three best pens in each of the
principal varieties are as follows:
Barred Plymouth Rocks.
Pen.
4 Jules F, Francois, Westhamp-
ton Beach. l. l. ........ 400
2 Samuel NJ. Monks, Hartford,
Conn. $50. .............. sss
5 Laurel Poultry Farm, Laurel,
quebec ...... .............. 334
White Wyandottes.
% Obed G. Knight, Bridgeton,
X |. 40
II Laurel Hill Farm, Bridgeton,
Il. l. Observation-Disclosures. 420
g Patrick F. Sullivan, Occum,
Conh. '..... ..s........... 401
Rhode Island Reds.
IL Laurel Hill Farm, Bridgetons
Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1919-02-14
ARsENATE OF LIME AS A spRAv

-. experiments thus far made by the
bureau Of entomology, United So re-
DEPARTMENT of Agricult17re fnrl 1iC~st,2
That arsenate Of lime NAV be 17sed IN
gu situations where paris green has
e.een employed, and that Eor Doroe
u US apple, pear and qufuce) II win
olten be satisfactory Substitute for
arsenate of lead, the present cost Of
"hlch IS much above normal when
ing line
Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1919-02-14

side light on cotton is that IT Is being
successfully raised, though In a mod
craze way. as far south in Florida :.s
the bay of Tampa
In its experience Of diveYSif,cst4 ,r,
ne SCUM IS learning the value G.:
|5ef5i''Is!y Ei1isEtportant Things. so tTat
he production Of peanuts ir,r, W..
e1nla along the Atlantis coast lat,
southern Georgia and across into Ok
lahorna and Texas is becoming a MAJ
Ter of great import, the product rsin-
nlrg into many millions Of dollars,
And in northern Texas the great ala
planted to the, ground Ieas ana
COOLERS" of southern phraseoEagy
proved an 'everpresent helK In time
OF trouble" when feedstuf for man
ana beast, aud cotton witaered up tn
der the long 6reary drought
Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1919-02-14
PROTECT MAILS Fpom RIlsr

70 prevent nails that are used for
outdoor purposes from r11sting heal
them re6-hot and throw them into a
mixture Of pint OF linseed oil and
TWO ounces Of black lead which has
teen wen stirred together Leave them
N a lew minutes then take out and
DRAIN S''''
Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1919-02-14

South Manehester-The marriage Of
Miss Nan Weldon, daughter of Dr. and
MRS. I. H. Weldon, and Francis Miner
YIN take place Feb. 20 in St. James
Catholic church.
Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1919-02-14

Cut flowers, especially roses, w.
last longer thsy are given q evcd
bath I'D to their neesls soon ssser nny
are cut
Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1919-02-14

way to France and arranged for the
putting over OF a good hearty Christ
Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1919-02-14

= r L ............-......... Il:
70 Deer Brook Poultry Farm,
Short Falls, N. H ...-.... 50!
~ Natick Farm, Natick, r. L.. 81
White LegForns.
% : 9. Mclean South Glaston-
- hury Conn. Observation-Disclosures. 81
" d. Taac1ed, Kent. Wash. Is,
66 L. 2. Ingoldsby, -Cooperstown,
n. Y. .................... "a:
Miscellaneous.
20 H. A. Wilson (White Rocls>,
Hollis. n. II. ...... "a
80 Harvey A. Drew R. L
Whites), Vernon, N. IT,. n!
50 H P. Cloyes duff Wyan-
dottes), East Hartford, Conn. IS:
Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1919-02-14
4,12

sS:3S
81
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-02-20
Y
HELP WANTEO-MALE

WANTED-An advertising salesman
for our afternoon paper. In applying
give your references and state salary
expected to start. Address san Anto-
MO Express, san Antonio, Tex,
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11
COFFEE MARKET.

The coffee market yesterday again
showed an easier undertone and. after
call, prices, which were at declines OF
10 TO IL points. sagged OF. closing at
&net losses for the seassion Of 10 TO ~
points. The local spot market was ir-
regular and nominaliy quoted at 1skc.
for Rio 10, after sales were reported
late the previous day At iso. but for
only small lots.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11
REVIEW OF REGENT
GRAIN CONDITIONS
Movement of Cereal and New
Crop Estimate Are Most
Important Factors.
CONFIDENCE RETURNING
Mills Are Reported Generally
Willing to Sell Flour on
Corporation Basis.

Developments In the grain market last
week were extremely important not
only In the movement Of grain in con-
nection with the present position. but
"a regards the new crop. The spot sit
uat'on shows . a5 to 40 cent n bushei
decline from the recent high levels OF
wheat In differsnt sections OF the coun-
Try and drop In -four Of 81 to $3.50.
Prices for nour In New York, which
were up to over s1s. are reported at s12,
with very little demand at that price.
The eject Of the Food Administration
ammo unoement regarding resale OF flour
and holding or Of the Administration on
further export buying. seem to have
taken the confidence of holders. An
nouncement that 5000 900 bushels Of
wheat might be Imported had consider
able influence. a. It was feared that q
good deal more might be imported II
necessary. Tho mills appear to have
changed their attitude regarding flour
prices ana are reported generally will
Ing to sell -four on the basis Of thu
prices paid the Grain Corporation for
wheat.
The Government crop report issued
during the week was a record breaker,
showing a promise OF 100000, 900 BUSH
els OF winter wheat, which, II harvested,
would be larger than the apparent total
crop OF the past year az shown by the
actual distribution.
CoRN-rhe market was lees active, ana
while price changes were again nervous
and feverish the undertone was easisr and
mai ouetstsous we're v to INC. net lower.
In the local cash market No. yellow
was quoted ~ el.tskt No. 3 white ti.s4k,
cost and freight New York.
OATS-rhs market was only moderately
active and pricss were easier. closing with
net losses OF u to lc. The local cash mar
ket was easy: standard quoted at soc. No.
2 whit:. :ee., No. white. 70 to 7sxej
white. ieh to size: ordinary clipped
Whit, nh 70 rec. al si.yater:
1852. cost and freight New York
BARLEY - Market easier. Feeding
3i.ls; mating, ti.2t; cost and freight New
York.
nUCKwHEAf - Market duh. Sound
milling. t,.es. cost and freight REV York.
HAY--Markst quiet NO. I, t3is and
ta:ioi No. .. lilo; No. D. tiss to Ss.o5.
sTEAw-Maskst steady. No. rye, sis
to SIC q ton.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11
Exports From New York

Wheat. bu.. 2T74o5; nour. sacks,
2,5oo; beef. bbis,. 500; lard, lbs. 467.-
S34; butter. lbs. sa.034: iubrcating
OIL gals, 4s,2s0: peas. bu.. $3.50:
beans, bu., 76s bacons. lbs. l.2I2,225
hams. lbs. 523. 500; cheese. lbs. 1850
cottonseed oil. lbs. 10000.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11
PROFIT TAKING ON
CURB CAUSES LOSS
Realizing Results in Sending
Prices Down Fraction to
Several Points.

Front taking. extended throughout
the list of outside securities, resulted
yesterday in losses OF a fraction to sew
eral points The main feature OF the
market was the wide movements in SIN
clair Gulf. The break in the stock OF
moro than 20 points was due to a raid
by a prominent house. Three men were
sent into tho crowd to sell the stock
down as low as possible and they sue
ceeded in breaking il to AN. against
Fridays closing OF more than SO. The
selling uncovered some stop loss orders
but It quickly rallied to 81 on buying by
prominent Wall Street copper interests
On the way down but few hundred
shares OF stock were sold and brokers
with buyers orders were caught nap
ping.
Midwest Refining suffered n loss OF
about points and Salt Creek lost I
points after selling to a new high record,
but later rallied. There were several
table being Kentucky OIL, which adj
vanced more than s points on reports OF
substantial increase in production from
tho company's holdings in Oklahoma. 1t
was learned that Gum Cove Oil will be
introduced to the list on next Tuesday.
Tn. company's property Is In the Vinten
field in Louisiana and has a monthly
production of about $4,000 barrels.
Ssvold Tire featured the industrial
trading with an advance OF few points
to \ new high on reports OF the consum-
nation OF contracts in Eastern States.
1t was said that the contracts brought
in 100000. which was equal to 100
per cent. on the stock. Lima Locomotive
was strong. while the other industrials
generally were lower on realizing.
Total sales and range OF prices fol-
low
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11
FARM LOAN BOARD REPORTS.
Federal Systems Years Bushes
- Total Is $3.50, 23s.OoO.

WASHINGTON. May 1o.-The Federal
farm loan system IL doing about 10 per
cent. Of all agricultural land loan bust
ness in the United States. A report OF
the Farm Loan Board to-day at the con-
clusion of the second year Of operation
shows that loans closed in the last
twelve months amounted to $40. 23s. 900.
The aggregate of farm loans made by
all agencies. public and private, Is esti-
mated at about $500. Ooo. 900 annually.
The Spokane district has closed more
than $40, O0o, 900 In loans. which is O.
higher record than any other district
has made.
The Omaha district is second with
more than S2s.ooo.ooo. st. Paul third
with more than S2s.0oo.ooo. Houston
fourth. with more than $22.000.000. By
States Texas leads within s22.521.-
600. Iowa Is second with e1t.sS6.ooo.
North Dakota third with sl%.ose.o 600.
Kansas fourth with ss.0o7,0o0. The
banks have a surplus of $4,000.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11
COTTON STEADY AT CLOSE.
General List shows IA 20 "a Points
Net DROP NJ Finish.

Realizing for over the week end and
prospects for better weather In the
South caused reactions In the cotton
market yesterday. Selling was held In
check by continued bullish news from
tho goods trade, but there was not o
great deal Of support In evidence after
Fridays coverings. october contracts
sold or from 25.Se to 2Aso, closing at
$500. The general list closed steady at
net decline OF - to % points.
The market opened steady at an ad-
vance Of s to . points and on con-
tinuatlon OF the buying movement which
had been in progress at Fridays close
prices we're carried back to within 20
to rs points OF the highest levels touched
on the late April bull movement, which
evidently attracted profit taking. The
market sold about 20 to IS points net
lower during. the middle OF the morning
There were rallies of few points later
on covering apd trade buying. but the
latter was said to be less active than
recently.
N I
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11

oorperatien's Docks on April 40
show e2s.ssT Tons Dr.p.

o"rpofsfen's books On April 30
SHOW ess.ssT Tons Drop.
The monthly report OF the United
States Steel Corporation shows that
hiied orders on It's books on April 20
totaiied Gsoo.sss tons. n decline Of sas..
ss1 tons from the March II ssurss and
more than 100000 tons from the nx-
ures at the close Of 1913. On March al
tne unified orders totalied B,ts0,B7a, on
February - e,oio.7sf ana on january
81, s.es4,2es tons.
The unfilied orders reported at the
close OF April last year totailed SAL
ssz. or nearly double those now on the
books. The following is a compilation
OF the monthly reports Of unified orders
for the last twelve months:
May. 1913. s,2s7.s23; June, s,s1s,ses
July, s,sss.s0l; August, s.76s,oI2: Sep
TENDER. s.2e7.so5: October, s,sba,ass :
November, s,ia<,ssa; December. lara
isa January. 1919. e.sst,2ss; February,
e'oio'7s7; March. s,tso.67a; April,
4.soo.6ss.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11
CONSOLIDATED EXCHANGE.

hr. H,uaa,on brought deluge OF Offer
SoI,d. 'a1 the open market on the Con-
nr., s Stock Exchange during the
RAM. nUur OF trading yesterday. in the
strsss weakness the motors showed
Sorn resistance TO the declining ten
Ls, OF the market. Studebaker In the
nst r m9ur advanced TO sax. showing q
elo.ts sam OF ~ points from Its previous
rlossd General and Maxwell Motors also
mon naetionally higher Steel COM
os,r,, which opened at iooh on heavy
Ssu declined to 9Sh and closed at
RoS., point below Fridays close.
AhI outch OF New York. after open
ishs,r,,, point higher at III. declined
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11

serve ........
L eg al tender
n es, silver
certificates and
subsidiary coin
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11

Coffee Cables--Fio was 100 reis lower
since May with 10 quoted at iatsae.
exchange lid lower at II 1880. Re-
ceipts 5000 bags ana stock bes.ooo bags
Santos spots were unchanged OF l4s2oo
for No. and $4,000 for no. T. Heceipts
400 bacs ana stock 100000 bags
Futures were rs reis lower to 20 reis
higher. Receipts at the ports were
$4,000 bags, against $4,000 last year and
"a 400 two years ago. Sac Paulo had
4 600 against $4,000 and 1900 and Jun
diahy 900 against respectively $1,000
and II, 900 bags. Strikes are affecting
sac Pauio railways.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11
OMAHA EARNINGS
INCREASE FOR 1918
Report Shows Income Is S8.O8
on Preferred and Common
Stocks Combined.

Three railroads annual reports ap-
peared yesterday, That of Omaha
shows earnings of ss.os a share on Ito
preferred and common continued In 1918,
against s7.lo in 1917. Chicago and
Nerthwsstsrn's earnings for 1913 equal
Ss.b7 Q share on Its common and pre-
ferred combined. against $ae.af-in 1917,
81 Paul In 1913 made S5.s6 q share on
its preferred, against ss.sb . share In
As these roads arc under Federal
control and their net operating income
hxed by annual rental contract, the
figures possess little more than aea-
Paul report having been published moro
than two weeks ago in letter to stock
holders.
The report again emphasizes the ab-
sence Of hope or early dividend pay
ments on either preferred or common Of
the Chicago, Milwaukee and st. Paul
Railway. II shove net earningA altar
all deductions except interest on floating
debt. of S6.241.bos. President Calkins
estimates that the actual net left avail
ablo for dividends will be only about
s4,eoo.ooo. which has not been receivsd.
and therefore the question of dividends
cannot be considered now.
Even when the money 10 available the
estimated amount. S4.s0o,00o, will be
equal to only AL per cent on the pre-
ferred, and II IL unlikely that the direc-
tors will consider distributing ali Of the
sum in dividends, especially az St Paul
has under way big classification plans
for which big expenditures must be made
from year to year.
The income account Of the Chicago,
Milwaukee and ST. Paul Railway Com
pany and its six subsidiaries shows net
income, after charges. OF Ss.a4l,S0s.
equivalent to sb.Se a share earned on
the sile,274.soo outstanding preferred
stock. In the preceding year the COM
pany showed net income OF $4.4SS,e31.
or 1886 a share on the preferred stock.
The corporate income account Of the
Chicago. Milwaukee and St. Paul Rail-
wa? Company and Its six subsidiary
companies for 1918 shows the following
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11
SIX MILLION SHARE DAYS.
Sales on the stock Exchange Total
1907, 82b shares Yesterday.

Sales on the New York Stock Ex-
change yesterday were 1.o07,625 shares.
maintaining the large volume which has
ruled during last week. Yesterdays
dealing was at the rate Of approximately
Assoc, 900 for a full fve hour session
The last million share Saturday. and
on Saturday trading is restricted to two
hours, was February Q, 1917. when the
turn over was 1.035.oo0 shares. On
November IS. 1915. sales were 1.oss.ooo
and on August 20. isos-all OF them two
hour sessions-the sales were f,117Sb0
shares.
The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-05-11
FEDERAL RESERVE STATEMENT.

Statement OF the Federal Reserve
Bank in New York for the week ended
May ., 1919, as compared with the pre-
ceding week:
RESOURCES.
Mays. Mar 4
Gold coin and gold certificates:
Gold in vanilla