"Armour Grain Co., however, does
hot speculate in the futures' markets —
using the markets only as hedgers
and merchandisers of cash grain. The
officials and personnel of Armour
. Grain Co. have not at any time any
Interest in the grain markets.”
SALE OF TWO PAPERS
IS BELIEVED PENDING
$5,000,000 Munsey Publications
May Be Bought by New
York Editors.
By the Associated Press.
NEW YORK, September 28.—Nego
tiations for the sale of the New York
Sun and the New* York Telegram for
approximately $5,000,000 by the Frank
A Munsev estate to a group of men
now- publishing the papers are about
to be closed, the World says.
The group, the World says, includes
editors and executives of the two pa
pers. The money realized from the
sale will accrue to the main estate
and thus become the property of the
Metropolitan Museum of Art. the
residuarv legatee.
The World says the reported pro
posals for the transfer of the two
papers is regarded as the furthering
of a plan once credited by Mr. Mun
sey, whereby his chief business asso
ciates and lesser employes might share
in the earnings Os his newspaper enter
prise.
ENIPEROR’S RUG ARRIVES.
Persian Fabric of 1550 to Be Ex
hibited in New York.
NEW YORK. September 28 (£*).—
The “Emperor’s rug,” said to have
been made in Persia in 1550, arrived
: here vesterday aboard the Anchor
I liner California, for exhibition at the
! Metropolitan Museum of Art.
Victor Behar. art dealer of Glasgow,
who brought the famous rug, said it
coult} easily be worth a million
dollars.
Last January it was appraised in
Parts at 12.000,000 francs, he asserted.
