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New-York tribune. (New York [N.Y.]) 1866-1924, March 25, 1912, Image 10

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Harris, Forbes & Co
?/ncc??sors to
N. W. Harris & Co
New York
Pine 8tr?B*et, Cor- William
NEW YORK
Government
Municipal
Railroad and
Public Utility
Bonds
for
Investment
$50,000
City of Auburn, N. Y.
\)z% Registered Bonds
Due serially 1912 to 1931.
Tss exempt la New Tork.
LiSfsl Uivestmsnt for -?avinss bsnks
and trust funds In New York and all New
England BUtes.
PRICE ON APPLICATION.
W. N. COLER & CO.,
43 Ceddr St,, New York City.
_
I??? l'ont Powder Se? il-llir?
International Nickel ?vriiritie?
St. Lo?la, Rockr Mountain A PnrlHc I rer.
f oinpiitinB-Taliiili-lins-H-cordln?;
?Hi Held? of Mexico Kt?-H-k
Standard Taint < o. Stock
I nll?d i ic?r Store* SKx-k
I . H. Motor < ?in. A lTcf.
t nilrd H??nU Note Pref.
Nn--.nu I.i?lil A Tower ?.tori?
Bor-Jasi's ? nnd.-ii?r?l Milk rrcf.
?l?|nr Tni?t < ??.
Ranker? Treat ' o.
Rank et Metropolis
Knlikerborkrr Trn?t Co.
l.lherlT National Bunk
< hstee National Rank
?1 lialh.ni-Plienl?. National Rank
IHinnl?. ".eel ?Deb. 4V_<?
I.-, an?-. Hie A Terre Haute i.?*n'l He
V-iv "tork Real I si ?te ?. i iirit.v h>
Park A Tilford '???
S. H. P. PELL & CO.
Member* New Vork Ptock Exchange
' ? lera In 1'nl'aied si ....
T?i 786-1 >' 7-8 '? Hano? ? K. t
William P. Bonbright& Co.
BANKERS
Selected Public Utility Securities,
Bonds and Preferred Stock*.
Details on Application.
.4 Broad St.. New York.
J? r.eor.e St.. ' olr.rmlo
Man-don ilon-e. Sgtkags,
I ..ndi.n. I I * ?1.irado.
CHARLES HEAD & CO.
17 Broad St., New York
N. Y. Stock Exchange
Members- Boston Stock Exchange
.Chicago Board of Trade
rrivate wire connections to our
offices in Bo-t?*?ti, Providence and
principal Canadian cities. Canadian
??tirl Boston slot ks a specialty.
Boyer, Oriswold & Co.
BANKERS
42 Broadway. N* Y.
A pamphlet containing sugges
tionf* for making Stock Transfers
will be mailed on request. _
flNANCIAL MEETINGS.
\ M . I.Il \\ 11.1 I IIIOM. AMI I II I 1.1" M*1I
< ininw
N*??- jfork, N. v.. Februar* ..'. 1013.
\nnunl
Meeting o? tho - -s of the Am?
Telephone . raph Company ?ill be.
oflVe of I ?
No. IS Dey Street, Bore - of ill nhstian, City
oi Ni ? Tork, '?.. v . ? lbs twenty
? ixth ?lay or March, 1912, ;>t Yi o'clock noon,
I
: o el... i I m. loi - . : .1 insjif-tors of elec?
tion for tin- ensuing ?t.r
.' To t :. . eaa a? may
i th? Htockholder*.
I the Compan) will he
cio?id from th? . ' March to th? L'6th
'Mai . . Iii1_ bol :. da) ? In? lud' d.
?tock I
sen ted at thii In order that the pies
en. .. ??
a form of
Howe, Mose? Will
l w ,;? iui.'. and W .. lam i:.
I?ri\. : present in p',r
I ? i !.| tl>
\? im R i? Iver, Treaaur? r, I2B Milk f ?
B W \ blank
in il..- ? di ?Irad In
?
? i:i.i:.-' Er? etary
llll. AMERICAN AGRICtXTl'RAL
? HKMH \l COMPANY.
? n thai ;? Bpta l.-il Mei I
ihi? I'ompi e ufllca
City <>f
Net* '? md - day of
Ms . M..
pete of t_] ?? ? il iiifrea?e
?f i' .
of both Hi<? PrefeiTOd
end Common Kto i. m il cl"?.' ai .'( o'clock P, M.
..".ti;, and ? loaed >iT'' il
1" v M. ?.n .?-.? . Il luth, 1912.
N? ?a ?oi ... M... " 1912.
HORACE ROWKER ?Serretary.
DIVIDEND NOTICES.
AMERICAN CO?I. I'Iiodk?s r*f?MPANY.
. 1912.
\ Quartei !\ D thr? ??
ou.,? ?. ? ? | l i *4-. I
on i he ? "ommon ?
Coal Product? l'ompai ' ? ,.,x ,?,? before
|?t, 191-j older? or
IIR-J Aleo a Quarterly i)
i i'j', i
I i th? Pre'. ;
Ptock of tl i t*oa1 Product?
IM ii. 1912, to Preferred
I \|i:>l linn, 1912
ERNEST .1 HIM ?urer.
M? \oitK (ENTRAI, ft III li-ON RIVER
i:\lii.o\n COMPANY.
Tre* \. ?v ? .?ik. M. h 23, 1912.
Parai anl to ? i . ?
t? ' ? ii ft i igdi .
It?' and hi* Neu Tork Contra!
A Hudson River Ral dated
i Ith, 1891. the >.i"i annual divld
..n the ?tock of
i i?m .\\i> R| m'k t:i\ BR R \ii.i:? ' M)
COMPANY, due March 80th, 1912. will **? .
at thi*> ofl? ? ? ? date.
t_ KI?\vm:i. i russitER, Treat,
MI'iS-IN., MINEA COMPANY.
'?"S Broadway, N. ?? "i ? rk. March IS, Wli
T! e Roard ol I ? ?? loi I ha ? ' . t. ?! a
- quarter!) dlvtderK] of 1 1VB PER CENT.
?|?'1 an ?-ma dividend of TWO \M> ? INB 11 U-K
v; ni 29, 191.
r M 912 'i rsna
'i ? los* Ms
". ?-. PPEIP
.EAB?ARI) NATIONAL BANK.
N< ? Vork. Mm. h 21, 1912.
Th? Board of Dire? tor? of thii bank ha? de.
l :??r!v dlvid? n<1 of thr.-e
?.prll I, 1912, to stock
h"id<i? of re-(id OS M in Ii "_??. f.il ?
' ' . '1 H'iMSi'X, ?'.i?hl-?r.
WEEKLY CURB TRANSACTIONS.
STOCKS.
INDU9TRI \:.
I'Y.'ses
I.?-"" Ai ? -.Am OH.. 13'? 13
:y, BO% HV
uaoo .." . |0i. ??? ,
I.OIO Com Rob tir??., ii1: !?', ti , . i
?S*) Y W W.miIworth 77--J 77', T,\ _ 3
'"' ' Pief .I10H 11'? ? !??> .
? Intrr l'.:it,t.or... I7'j M*. 17
1.138 J I ?';. -? .100'. 11.? I'M? ?_ . 2
Jo.m:. !.. i .;-?, v Coal..? 199 TH 4.?
1.7?? M rtiimily .KO !?:.'. 99U
i"l Ktai I Oil 1. Id).842 900 943 i?,
I.Slfl Rtudehaker . u\ ::?? an
LtI9 t Clfmi ?*''" * ''*'?' 199 iihi ? ?j
Ml?
' I ? ?'?'? f.'? 4- H
? - 1 ,
?<VK> ?;iroux . ? ?? i% 4 .
> Or?as Ca?onee? *??'?? a gil 4 -.
9 1 i?|iir.ni..'i m 1 vi i- \ |gfi
w?* K-rr l?ni<? _ :i ?.'??? :i __ 1,
le? . I2*? 1-', l*',
:?47 M KlnU Darr.. 1% i.? |?
I 719 Navads llllla... ;?
r..7n?-i Nlplastni ..... H*i ',?, I
2.790 ion npln? Cenl . ?'? ? i*i
19,400 f'or.iipiMo North IH 1?, 14 4. 1.
.1_ ".'.", '.", gx
I nl" lo.K.pHi, Minln? ?? ? ? + H
?? "?" Wiflnutrr . 72 fi? e,n |e
."? ? 3*.
BONDS.
IYH firm c n lr.kio ~,t . Ot ? :?i . fit?, . ?4
100S 1<HI , |<HI't
<>.\ im'. 103
1,900 Pat O _. E 6b. 19 91% 91 Ti ? K
Stock Prices at Higher Levels
and Firmer Tendencies Re?
ported in Money Rates.
Compared With the quotations of a
Week ap'i stock market pries shnw
marked improvement, the average figure
for the leading railroad shares standlni
at 11.8.60, against 116.44 on March 16,
while tho ?hk-f Industrials preeent an
average advance of moro than '.', pointa.
The upward movement has been broughl
about in the fac? of political uncertain
tii-s and unrest in labor circles, but at
the Fain- time there have been the en?
couragement rif actual Improvement In
trade conditions and a hopeful sentiment
ir. financial and business circles. The
stock market apparently li discounting
the Cleaning up of ihe various uncer?
tainties in tho Situation and the develop?
ment of further expansion in our Indus?
trie? The buying for both speculative
and Investment account ii heavier than
reported St any time in many months.
Good stocks am worth buying at cur
; rices for Investment purposes, an?!
operators who have big credit and active
bank accounts doubtless will find specu?
lative put? has? s al tiu- present tin.
profitable, H nun be well for the "lit
. ' trader, however, to bear In mind
that stocks have been advancing for up?
ward of a month, and that while a bull
movement is under way sharp reactions
largo enough to wipe out small margins
not Improbable. The technical
strength of a bull market depends upon
frequent declines
In the iron and steel trade ihe ten?
dency Is toward firmer prices, while the
thing may be said of the. copper
market which reached a 15-cent level
with _omo Fales reported a
. above that fiK'ire. Good copper
:-U>i kl naturally are feelmK the effect of
the improvement In Hie volume of busi?
ness In the copper Industry, -_hile the |
Iteel Bhares ?tl^' ?re In demand as a
consequence of the visible signs of ex?
pansion in th? Inquiry for finished ste. I
materials at higher quotations. Abroad!
?conditions are not as favorable as ?they are
in this country, and In England much
hardship has been caused by the coal
strike; but the English linarf'cial mar?
kets are. taking a hopeful view of th?
outlook, and financiers believe that It is
a matter of a short time only when th?i
miners will return to work. At the mo?
ment it looks as if there would be a sus?
pension of WOTk at the anthracite mines
!n this country on April 1, but as con?
sumers of coal ami dealers in coal have
large supplies on hand, while the o.er
aton have an enormous", urplus of mined
, .,,ii t?. draw on. there is no eipet la] un
ca:-inc:-s euer the possibility of a stnko,
ml cual oi ofl coal <bs
trlcts. Certain distressing results ac?
company labor strikes, but the ultimate
effect upon ti?e country'" buslnen
amounts t?? lit!
This country has a few people who are
kicking the dogs ".'110110','' but most of
us are i"?t in that business. < "ir bust?
uteri - pita of li gislatlon by
politicians who know little about busi
iK-ss, are growing, and when real pros
perity develops discontent In all quar?
ters win bo forgotten. An organisation
? ailed the American Society for Promot
log Efficiency has been formed, Tins or?
ation hopes to promote efficiency in
1 very activity of man, and 111 a letter
to the organizers President Taft says:
"Such a movement spread over the
whole United Stat?_ cannot fail to im
prove the efficiency and contribute ma?
terially t?i the general welfare. Every
ounce of our productive power which Is
ild ? ontribute t?> human happi?
ness." J. i4- ?Bache ?.V ('??., in their mar?
ket letter, say along these lines: "To
Improve efficiency of government busi?
ness as well as of private enterprises is
a part of the i Ian, and an extension of
the education t?> domestic operations also
is contemplated. The mid in the work?
and expenditures of municipal and
national government la enormous, with
opportunities of sa\in? millions enough
to reduce the cosl of living materially
P? r capita."
Weather conditions throughout th.
winter have put more moisture in tl.o
ground than for l?verai yean past, an?i
as a consequence the outlook for the
cropi Is excellent. Winter wheat is in
good _hape on a large acreage, and
while It II a Ions time ahead to harvest
time for the gem ral crops it is most cn
couraging to know that the toil In the
agricultural section of the country Is in
the best possible condition for farming
operation... Efforts are being made In
certain quarters to mike a mystery of
th?- current strength In the foreign ex?
change market in the face of the coun?
try*! heavy credit abroad on Interna?
tional trade account In the last month
exports of merchandise from the I'nitcd
States exceeded imports to the value or
$U4,_57,_0O, making an excess for eight
months from July 1. 1911. <?f upward of
(450,000,000, and naturally some people
want to know why we an- not importing
gold instead of sending the metal to
other countries, it is an easy question
to an arer. < >_ Ing t" int. rnatlonal
monetary conditions we are lending
money abroad ami an- sending gold t.,
South America for th.- account of Bu?
rope. Europa is borrowing lui.: t.. pay
its obligations in the Argentine and Bra?
sil. This movement is one factor in the
strength in the exchange market, while
another factor is the liquidation through
our foreign credits ?.f interest and dirt?
<I? nds on American securities held by
foreigners, heavy expenditures by Amer?
ican traveller! in England and the Con?
tinent and remittances by foreign born
American cltisens to the "old country."
?ates for money at Uns centre are now
developing a firm?* tendency, owing to
Increased activity In the stock market,
loans made * i Europe, a better mercan?
tile demand and preparations for the
April disbursements.
AGRICULTURAL CORPORATION.
The report of th. International Ami n
mal Corporation for the six months ended
? iber 1. i:?n. was lamed Saturday, and
- andags f??.- the period ?if
H._S_>._2g. which compares with ?_.i>n 117
earned f?>r tin- full yeai ended June n, 1.11
Genersl selling ami overhead ?-v
th?- six months amounted to i_,.,_ii, leav?
ing net earaiags "t $?.:..roi. pvom tin
there was deducted HSCMO for dividends on
ti??- preferred stock, leaving a surplus for
the :i\ months operations of 1383,v,i The
total nnnett of the corporation on Decem?
ber ;.l. 1011. are given ?is 81,713 16.
GOVERNMENT BONDS.
Ml- II ||< h _.! .
Bid VFki.l. Hi:
' . B '.' . i- ? . 1 1 ;?? n,y, \?\ joo'j I'M
LOON un ', 100% mi '_
. r?e.. ills ..i<>. . m.-, m.?, toa
l'il S . lii-j? . |n ? < j
* . l.-K . IMS ...111% III', 11. I!.?.
B, .-. coupon, V-i-2'i . It.'t _. 114?4 114
? -??. I'-.; , lu IS, l?m't l'tO'4
rename 3s, r-t. ISM ion1, lonu
r_n?_i? .._, repta., tiwi ,101% 102 iii-i, m??,
? S\ coup, i:>?,i un?, [(,:? pi-..", p.".
'"" "* CeA let ! ,?-, 4 '.: *
bist, er Col. Sa, cul,,.? u. 10. ? tuj ?
WEEKLY TABLE OF BONDS.
Sal??.
lion-Is.
187000 1 - Coup
3000] d, K-K.
11000 Jsi u 4>,_...
i<???i du _ 1.
H"???? Ri i. of Cuba fi?
TO O Sao Paulo le
SOOO f s of Me? ?' "
tllMH) .. V -t 4- II"?'
?-.i??? N Y l'an -?'
3100(1 dn Rcl - -
ISOl " N V ? l .- 1W
IHK?? , .
do H'lT.
50000 d?i 4%i ?????
-?iHKI dO A- I'-'"-'' R*S
ii>?.? s0 ihm Ref..
3:S)00 do 1857.
49000 do ISM -
80000 do 1968
11HM1 do :;'? - II ?* ?
?.{uno \ lan , ? ? 1
1 ?'t?
I7OO00 Alus ?Chai '??
An \i: '
?I IKIn'l
?Hlgh.il_3W.,Mcli.
', 1021? 1103 11024
103 . 1"- ? '"-'
93 .
?24
10.1 .
97%
? ?
pi.-., 103%
Set
?hS?
- '1
+ %
- l?
m-ji
103
1071
107?
102.
103% 102'
994 '.'I'
99
100
100%
100%
S7
If
924
?14'
:-. . M .
|... . 1"- . ?
97% 17% ? 4
I*',' - '.
102% %
101 , 'i
10a
1
H>7'. 107
1.7',
102
90%
11 V ?
II. I
-7
n
e_4
HI
107 .
?
102 . '.
M I ?
?904 - '?
IOS
ion
100
s?
Il
92'.
? ; ? '.
103?, 10314 103%
7??0 _?n Cot "H '????? ;'?'? ? ;,;
11.h, ,!o (i M f"- "**
ih?hh? Am h _ 1. *-.
:; "hui \!,i Smell ?Sei **
37000 \ T _? T Co _?
jx? do ''??lot
994 994 99% ? 4
. ' .
?'?, HI
115', 115% ? '.
?.-1 .
US
1000 \:.i Tob ( !20% !-??: |3J>'
'.
1?:.%
h* ,
IlllOit
17*000
L'.-?IKHHI
I04I1. HI
'.??.?:? ?>
11 ? ? >
_? .Ml
Vu. ?'?i
::.? ?>?
l_Oi
. x*4j
So i-?i
12% 91%
91 S 91
91% 914
90% w\'
1094 1?>7?4 109 ,
108% |06% 1"S . ? 24
l'_ .
M ,
M
?,??t
14
11%
m * *
100 ? de ? il
310U0 \ni \\ r!l
ilAnn Ai ?--' !? 4"
SOOOOIArmour <%? ???
? \ Ta si' ?-! 4?
rto Btpd.
lio i?<ii 4.? ...
?i. r__
t ? ?. - ,.
... 1?34 103 10 . I
do T > I- 4P.A 98M 98' '-?
10000 \t t 1 m As...
B1000 \t Ceeat Ax . ..
do I. N' 4e.
10-VXi 1 h *? 1 ? n ild ?le.
do H?8 .
d,, pl_E_-WV4l
?lo Prier 6%?..
do !? 1 m im
rio S'< 'I l%e...
S7_00 '!. ??
509000 M_ In Map Tr 4* ' ?'. i W
pg _ -, M
R64 954
94% 94% Mr
I'?
ll
91'
!?_
?->
914 '-'I
98!
1- .
91%
024
M
914
.
tr, -,
98 '
984
' _ .
874
108% l?'.Vt
104
107%
Sl>',
<?;
v<v.
?Ht
? iOrtl n_-7tli Av ''"n le
? p in in ? lai le
3000 Ruah Term 4s..
57000 ? ii i;??-, .. 1:1 Se..
Unoo 1 an Ko lit 8?.. 101% i"! -
9000 do 3d l__'. '""
'IHKI 1 -.-ii. . ? ? :
4000 ? of ? '??? ' '";? ?'?*
1s;;i. m r,nt !/??!'
5000 ? >nl l'a- did t"
Toon 1 ?.?m Vermot I 4aJ
Seooo ? a ? > a m 4'r?-,
70000 do i'onvi 4%e.I
,,., )., , m lia M"* '
i?. M r, \ ' ."?
15noo do -v.I
1000 Ci 1: 1 ?
lonoo do RAI ?
1000 Chl x- 1 i"t 5*i
if AN 'A Oet
t.HNio do yen 4* ?
ITfor.n c h s.- Q On 4?j
409000 do Joli ? A. .
3000 ,!i Res
?lo Deb r-f. ? ? '
-l , l'r-n Dlv 4*
?Ir, pi PU 4? .;
-1%
92% 92% 95 .
109% Il ?
p:,', i'.*?
??,i2 98
?
lor loi
98 92%
in? 'it"
72
62%
134'
fo I?
11.V
vi;
124'
m',',
91%
101
98
,11" j
h? '
y.-y -
?jihmi
10 ?. ? -' .. <
?j? ? ?,
21?vm ??] i- ?;? \\ eal a.
r.o.Hi r- l I, Ri I '
_]???-> i'M_S' P 4? 19M
),.,?.. do Oen ' \
-. -, ,-i do ?,- ? 14* n
do C ? P W 1
11.1 .
?M4
M
!'7
??? . PU
10|-, 101
19%
l>i>\
S7',
? .
-
V2-*
r?'j
KHI
1134 ?
M
P7%
'- .
' '
-
lot .
99
? -
9R%
M',
12*
91%
O? .
814
92
< 108% |0fl . l'"' -
, 11 14 H ??. '?
m x y - i- M l'A l'A
Moon y ^f _ r
I
_ r n _ ?
ji .? -1 .
8? .
looojcin U ??- ' I
?/??f-i i- I . ' 1, * ? ' 4?
. -? I (len 4?
10.1O df
do s' 1. :
t. A '?'
ni ft Ho 1-' Il
I El I? ?
i- A- i Gen M
0000 l'ol 1
3000 ' 'ol Mil 1-' ?"
. H'-, Av 1st 8?
. ??
\'. Il
4000
pieivi ? ?
.
?JOO. > ? '
H4
-.',!. VT.
n% -2.
ISn . 13.1
toi 1"1 i
t.T 97
'? -
91 9!
91 . ni -,
?IOU 110'v
974 W'4
I r? i 1 ?. i
784 '?
i??-, ion
91 '??
|05 . i"
04
~'2\
123 .
1Z".
\'H
97
934
(?l
81%
HO'
97
"T ?
ion
74
41%
|0|
?.7
: ooo do t. f 4? .... 1" . !>r' * '"?'?
. .... I , s ?
S;t?|i__: do !(rf 4?
,,?-, t, Ml PI D ?>
Urf/i [> A. M ?,. ...| 4< J
, or. i t,?f Fd|?Jon .'??
.0
7?4
1?._'
I ?
|01%
..... ? 100 I 9t?4
t?.,T i r r0n 44*
?
| R4000 r.1 Poi ' 4 I
-
dn |?t fon 4
_,-,?? k? ... ?'
124HOO ? ? a- \
50 ?
1000 i t W _- t
|| V ?'?il
1??.. ? n '-??
1000 ??J M ? t' '?t ""
-,,. - 8a..
20000 ? ;i Nor t:-1 a'.*
... - . . Ii?-, R
11
S00O H A
14001 ' f <?
1000 1 I
4 .?.?-m.. I ' M
' -
74?i
-
.o
r <??.
7?'.
M
1oi\
:.
111
%
? 4
_ .
:
3
M ' 88
7->". 7""
91
90
7'.
97%
111%' 111% 11 .
1
I?-'*.
ions
|i
13
?>; ' 15
-
loi
it
12
!??' .
101
12
M
'?
1
ioi4 i-'
?i .
98% 98%
98%
.
ay,
m
:?:?
-
994
944 '?'?'?
114 114
I
9|
91
1024 102 1?'-'
10| , 1"1
94 :?"
?
- - . -
.. V. ?-.
108 106', 1"".
121 120% i'2 -.
i .
"-, M
91%
117
110' H"", 11"'
i',7*. 81
102 102 183
|04 - IOS l":r
CL". ' -
d 81
56% 57%
1??? 100
'?
' '??!'.
. 117
??;
96%
914
117
93%
?'.|
r.7\
-: ?
too
101%
ll-t
l?il4 l"i\ 101% ? ?'?
''- :"..'
27000 Itit D ' '
. | _ MU
: , l
-
lu :-*
11000 do Re? i
1-HH, Kan ,v M l't .
' --?i do 2d
M 41
? ?'
| , '
!=? ?;?
? -? v.t'.f
13000 ? ? ' ?- .I
?:,<"?
?0000 do RefAKxl r?
71""" I. -\M - 4- 1928
4?" O do 1931 .
?-I?" do .
loooo do n
?
SOIHN-O -lo Terni
2000 ls | ! Oen 4e. '
- do l:-f a
500 ? I. A .'? " M le 4_
500(1 L S N Gel ?
4a ...'
47""" ?',. A K 4 ?' I
H?"? A ?'?
17?fl000 ?
looo m -" i '? Oen ?'??
ru< .hi do ? '
f.i t An Ctfel
...
1241 '?' do Adj 5a w 1
117'"" do 1!'-f 4s et 1
1000 MMi 81 T? "
5000 M a Bl t. l'on le
21000 dn 1!?f 4a. ...1
1000 M. I'_ . __l1_t_n4l
8000 Mo i S B lel
lt''???! M?. K .'? T 111 4e'
15000 do 2d.
6000 ?lu Iff 4l
*
2 100 d, ! ? ? 6?... .
501 ?? Mo P II ' ?
1.1000 Ce, ? 9t. ?
AOtiti du ?'??i r.
?m?? do Truat 5i
2l_iui <in I?
7""" Mol? ? 0 '?
7"" ? do tien a
SdOO'Mut
mon N CSfit 1. 1?t 7?
1?ii-i N R 11 of M 44*
?_?(. Khi \ Rj s of M 4%?
l'joiH? v ?? M a l. 5a.
Ai"iO n- I? I 1
4f?-l \- \- M, ?
47"o(i N' Y ' ' Oei
-..- ,-,, f? 1934
imi" do R< R
'.. <i do M'Tol44lRS
HOOfl N^ i'..-t I. IM 4?
?iKNi do Ras.
57000 do Pi
? VV.. .'?ol ' -
? w;*. Kl.ll ?
4oru??? do 4.
200 ?IV . '.' ' l-i i'
1100 ?i NYNIM HT)
?!.. i:._
llioo dfl 1 !'?"-'?
? 7'hiii ?'.. ?
r ,
Cfixoon ' n Ref 4i
'.
?IMNI ?- V Ht W 1 ? ' .". ?
r.anon n y 1 r-i a
V Y W _
43000 S A
IH?MMIO dO l'"'l'.t 4d...
?lo Rrte .
81000 No? Per ?;
142 "i do Prior 4
?.?Khi A |> _? \ Con A*
26000 Ore \v_.i, Ref 4^
'? ? ?.? '. '
l'iem ,;., i ? ?'-,n le.i
210 ? do OU! Rat 4?
4?? ?i Pi f? mi 1-t .',-:
?noo Pa? ? f M 1-t 4-.
1913
1li?"?ni do I9M M
IIIXX! do 4? 1f?4S. ..
10 <> do nid t '?" I 4
. s
1
- %
4
4
? 14
lui
tt
7-". 78%
1014 mi
\pg |0fl
88 87%
.,.,- 994
i no . loo
754 74%
1.-.1, 130% 130?;
87% '?'?'. 874
lui', 101% i'"'?
104 1"4 1"!
;?o 99
90%
93
:?'.'
814
78%
t_
1014
i? n
87%
90
|00
74%
99
914
93' J
'
0S4
--7 .
w
-
'.'7', 98'
-7 81
'
83
H .
-1
7- .
'???'.
90
IM .
81 ,
100%
IV. ?
'?o '
-,.._'. 102% ?
1??4', 103% i
- .
113% 113% 113%
132 131% 132 ;
131
!?_-. '
?
Ol .
80% I M
' . '
?r- IO34
1,.... |00 .
???? . '.''.? .
in?', ? '? . 109 ,
|08% 10? 1
7" ? 9 ?
' 1'?'
954T '
93 , ?,?_ '. 93 . '
II . . 11". I18%|
III ill 111
94%
'
tu; ?>??
99% i"1"'.
"7
lo-.' . 1"'!
'.?7". 91
' t
ion
im
loi
II''-,
o ., do ni ? noid 4- '<;-. 974 91 .
_-,.., do nid 4'.e- '' - '? !" *
?jOOO Peo _ :; let.... M% Pl% *1 i ?
i-.,.,. do 1,1- t* n ?. 1
: | 101 . loi -
3000 l'fall M A W 4e. 1"
27000 P 1 ??' T ? P 7 va
iv.siiiMi .io Temn ?'?'
?.>>,??, o.,,, . ? 94
Hui?vvi n. idlnx H'-r, 1
KiOii ,!,, I C i'o! H !'7'
5400 i'r 1 A ftl '?- 1940 t?l%
71?.. Rio ?: V, 1 ! 4- 884
IO000 do Cl Ti 4? *-l
?2000 R 1 A A l. 4
.-.. >? - ? si 1 a n 1 iei *?''?'?
?jonii M I, \ \l 34 I -
l1iM?i Ht! IMS - ''?? n ?*? IOS
170?i?i' ?t., n.-f 4 . s
!. _ do '? l ?; li
109 102
I%li3i%:
95% i
V2A\
in .
'?4',
!?- .
971 '
'.|
88
vo si '
??2\ 93 .
US?; M% "?
:' ;
|0_% 1"?'?
?.o
so I 2
83l? 834
?noo . ti_;s. n??.. n f, ?1t:'??. 119
10741107'
884 VI. kl.'.
sn 80 80
?.Il
824 W', 92 .
81% ?."- 81%
13% '.?-?,,
loon .',, y.r-, :.
47(1011 do R R 1
?oo<io do Ref 4?
S3000 81 1, R M _ P .'?'
tOOO -t 1, Sn. ti 1l?t 4s
J35060 do l'on 4?... '
1i?o?i -1 p \ ii l'on 4?
I onlinnrrl on eleventh iniae.
TO TH.: IHiiiiii;? III MIMIK Ol' TIIK
MKKMIWIk CHAI. COMPIW OV
ri\\Kti.\ \m\. DATRO \ritli. :t. mnti
1h?-r? will b* _i-?-um?iUt--d In tli" ?InkiiiK
fund n??- Mini "f Seven Tho?aod Nina Hun
?l'r.i fit? . i.iii Deliara ^nit lerentjr-twe
??."Ji iifTer* of bond?? to he piirr-lian-d
?iid retired ?lili IhS ??me. a? of April I. |||3
? 1 ..t 11,? otTli-r. of Hi? COIBP IB II
K?"iilli \?r-nnr, ritlilinrali. |>
MRRi'HANTI (.UAI. COM PA NT OF IK.'-N
8VLYAK1 V
i-xecutor
Trustee
Chartered 1822
The Farmers' Loan and Trust Company,
Nos. 16, 18, 20 & 22 William Street
Branch Office, 475 Fifth Avenue,
New York.
Travelers' Letten of Credit. Foreign Exchange.
Administrator Guardian
$350,000
Oklahoma City, Oklahoma,
5% Bonds due 1937
(Optional 1922)
Principal and Interest Payable in New York
A legal investment for Insurance Companies in New York,
Massachusetts and Connecticut and Savings Banks in Rhode
Island, Vermont and New Hampshire.
Percentage of Net Debt to Assessed Valuation 2.51%
Price 102-M and interest?Io net 4.659b
Wm. A. Read & Co.
BOSTON'
31 Pine Street. New York
LONDON
CHICAGO
RAILROAD AND OTHER STOCKS.
Following n ihm iMual t-ibi- Riving th? number of abana et all aoeba ??Mit in
l.iM wee*, togetliei ?rlth ni? hlght-st, low**-;! and final prlcei of tho week, the final
pi leer, of a week i|o rind Ih? cloning prie?? ol M?rch 25, Y.'U. th- ti't ?-h-mg?*?? ??f
ih-? ?f?k. ami the blgfa gad to? prtcw in Ihe year 1912, with tin high and low prices
in th? year IM1:
N_ ,
?h.rt*. i
2 too "lII?i ? : aimera i.'o
1,700 .io preferred
I .. ? , ? ?
4.800 Ain Agi ? n-int- ..I
... '. -I
'.'>.:y.'.i Am I ?
30 do |.r? tened
SOU Am Brak? 1
dO . \ ?!''. 1 4
|IM do .
12: non tmerti ,in . an... .
34.4*14 '!?? pr? '.? i .? i
14,590 An. ' -, i
.'.?,.i do prefer?**-!
n ?' ' \m i 'otxen ? HI
i. !!?'? rr-l
DO \ n ? ri m i
1?*" Am HI
1 ';<?. do ? reterred
4 M'? Amer l< ? Securltle.
1.740 Ameri an i
<?(. pr-Mfeired
P.?30n)Al le
300 do preferred .
t i'?1 Amerri -?n Ball
1 ? '2 ?lo i refern i . . .
ii \i. erli .?n ?melting.
S.IOO do prefern
!'?*? r.o pi H ? t ?I I!?*"
\ m Hn'itT *?x dl? -',
1??? do pr ?x dl* 1 Vr.
? ???" \i-; SI----I Foundry..
- ijrar_
?? y, rio i rettl i I
.1.17" ? . Tel_
.? ?>??"
BOO do ; ? -r: ...A..
" " ' ?*l .
I 7- - ? 'i? rr*'? ' ?
1 ?? \%\ I'.l! ? t pi . . ! 1
? !.
- -? ? m i'.tlon.
f ?..???? ' .
1 no do prefern
I flflO All CVn-l 1,111? ....
? \: 1 . 1
... do
I ???. ll., In
l.\ ll?? Hall ? Ohio.
H**l do rr'frrir-1 .
3.100
4.2*' Bethlehem Bieel_
1 1. .1 .?,., 1 r -
! . 1 Trmnsll
1." Hi um ? .
?
HO Cst
?
? 1 leather...
I.Mjn ' . 1. ' '? rred
'en & So Am Tct
< . ? Ohio
. ., ,
o.???, <-*.i c? Wealern,.
:?.7.n> .? , preferred
10 ?f Cl le M .?? SI i'
! 1 prefern I
? ? 'M?? e. .*??. rl
ii"?. do pr ?x SI
100 ?'hi'* L'nkM Ttmct pr
1 s.rioo ' "hin ? '
300 f* C C A Bl I. ...
4. ion ? ' .1 Fuel a Iran
4'J" . 'ol A South? rn
do lal 1 :? '
200 ? 'ornato? k Tul
in igo .
19,0.10 corn I ? ? 1. '
g.StO l" 1 r?'?'in l
:.? -uSug pr e% d l\r:
2 920 Del k 11 : * 'i
i;cni Denver A i'.l" ?; ...
Ooo do prefem
I? ?i4?> Olatlllln*- Hecurltle?,
700 Duluth 8 - ? ' '
L'Mi ?in prefem
17'.' ?M??? Erla .
?s ?.711 .... 1-1 preferred. .
do '.''I preferred....
1...*.?. Federal M a I pr
t ?*ki (jen (-hemlcal ? 'o pi
B.4S0 '>ii?ral Bleettie e*o
?j 112 ?;? neral Motara.
1 i???, ?io preferred
it.t?o'not.lfii?!* Cona.
52 ?*4*t_ oreat Northern pr.,
do Ore ??? rtlfU-atei
i". Hocking Vail?
7-'. ({omeal ike .
do n dl?. '
?? 114 min?la Central.
n 1 lerboro Mel .I
2s,flM ?*<> prof? rrad
?'...Vu. In) H.ir*..-T. r
H non intei natli nal Pai er.
7.10O1 d? yret. 1 r< ll
:: 41x1 1 n * Bteam Pumj
do pi lern
o .1 |..-..,1
4'.ton K.in?i*< <*iiv Bo?
.'.ihi do preferred
:?? .Mi? -'\ \i pr < \ d 1"
'.??m KcoK'il? A II \T
'.-?"? La? kawanna Bteel.
1 fm t j?. I. da ? laa
100 Lake Brie A Went
KM -I?. 1 T'-f. n
If-? 441? ????hl-.li Valley _
2 '.'i?" i.te-n? a M y en..
I,.?., do preferred
40' 1/ine Island .
<- .*.'?. t r?'il?v * V??'r
7'??. Mi.iiu ? 'empaniza . '
7"0 -la * refeir? <i ... .
1 mo Mi. |na
?; 231"?I ?!" preferred
.v*. May l"*nt Btorea .
1 MM Miami ?'on 1 Vii>p-r.
S00 MI11 A SI I/ml?
?S?OF
?Stasi Co-npai?*/
Trustee for Personal Trusts
FIFTH AVENUE ?8. 36TH STREET, NEW YORK
This Board of Directors assures conservative banking, and
brings to this institution the benefits of large experience in
financial and commercial affairs.
DIRECTORS
Benjamin Altman
R. Altman ft Co.
John Jacob Astor
Geo. F. Baker
t, hairma. First National Bank
Stephen Baker
Prest Bank of the Manhattan Co.
Geo. B. Case
White <*r Case. Attorneys
John Claflin
Pres't I'nlted Dry Goods Companies
Thomas Cochran, Jr.
Vice-President
E. C. Conversa
President
H. P. Davrison
J. P. Morgan ft Co.. Bankers
John I. Downey
Building Construction
Elbert H. Gary
Chairman U. S. Steel Corporation
Robert Walton Goelet
Francia L. H.ne
Pr?s. First National Bank
Thomas W. Lamont
J. P. Morgan ft Co., Ranker?
Ranald H. Macdonald
Real Est?t?
Edgar L. Marston
Blair ft Co., Bankers
Joseph B. Martindale
Pr?s. Chemical N'at'l Bank
Gates W. McGarrah
Pres't Mechanics' A Metals Nat. Bank
Charles A. Peabody
President Mutual Life Ins. Co.
D. E. Pomeroy
Vice-President Rankers Trust Co.
William H. Porter
J. P. Morgan ft Co.. Bankers
Seward Prosser
Daniel G. Reid
Rock Island System
Douglas Robinson
Heal Estate
Archibald D. Russell
Alexander H. Stevens
Vice-President
Benjamin Strong-, Jr.
Vice-President Bankers Trust Co'
Charles L. Tiffany
Vice*President Tiffany A Co.
Theodore N. Vail
Pr?s. American Tel. and Tel. Co,
Albert H. Wif-fj-in
President Chase National Bank
OFFICERS
E. C. Convert?, President
AlexanderH. Stevens] --? Barkley Wyckoff, Cashier
Thomas Cochran, Jr. > p.-.-j^--^ James R. Trowbridge, Secretory
Henry J. Cochran J Howard Boocock, Treasurer
Interest paid on daily balances; your deposits invited.
No.
tridiet
_?old.
2.r?".t
880
, lull
m Ft p a ? i m
-to .*>. ?ir, m**4_ HT
?Ii. preferred.I 156
do ? ? dtv :'4*"8.
T.tVO.Mo "-Un <v
400| do pr?ferr?d....
71,800 Missouri Pa-Hfle..
100 tteshy A ?hat...
6,100 Nat!.'nal Biscuit.
UtO r\,-, preferred ? ? ?? t-T
4.ri??u Na?. Enam ?. stpir
(00 ?io preferred .. .
]f?.l?>" National I.ead
050 Nat of M?-x '?d pi . .,
19, TBS Nevada ?on i.'opper. i
I??? N ? 'r Hob ?V* Chk pr;
8.B80 N Y Air Brake
1VJ3<? N V ?entrai.
1H<> N Y ?Tic <fc ?*** I...
?21*1 N Y < A St I. 2d pr
9011 \ Y Dock.
1 ISO N Y N H & H.
??.t"" N Y, ? ?ni <",? West. . .
l.ii?i Not South e% d *t"e
11.490 Norfolk A Wes?tein.
4,610 North Ainerl'-an.
do ex dtv t ,
f^.*.?.*! NonM?*rti Ya, Ule
13B Sor ?>1.lo Ti ?fe la..
l.o??o ?Ontario Btlvrar .....
ISO Pat'ct Urew pref... ?
t, _'-? Ysltlr Mal?.
8.300 i a in- T?l A Tel. ..
.T?xi do pref s",Y.
.-?.171? Pennayhanla II R
_i?i Peor?a ?v: Kaj?tern.
838 P'opla'a ?iaa -_ Cok?
l.ono Philadelphia <*o.| l?"?*"
1,000 P C C * st L
'?.ot,, Pittsburgh ?'?al
2..?/?O ?lo preferred
S.70O rress*d hte-d Car...
ltjt?; do preferred.
4?X? PiiM!'- Ser? I ? i'.irp
1 "O?. Pullman i'omp.ny.
1..V.0 p I^rlllard.
1?>. do prefe-red
300 Qutck?lUer . .
'200 do preferred
Ht" R R He.-urlMea .
".100'Ry IHeel Nprlti-*.| UVii
120 do preferred
22 180 Ra) ?' OBaoltdat
61T.800 Readln? ...
000 ?lo 1<t pref'rr ? ! .
7??<> do M pref.ired.
f? .i??* Republle 1 * s ?
3.7SO do prefeir'd .
73,830 Ro.-k Inland.
64 710 do pr?fet r'l
880 IILdir .
i '?411 !.. let preferred,.
7 ..?-i. .tn 2. preferred..
300 d.? C .*?? B 111 n?w
1 700 Bl L Bouth*?**"rti m,
? P00 do pieferred..
? ?vjii Sear? Roebu
'.???i .-?liiii?. f-lieff SA !..
62,300 Southern Pactfk ?
10 Bo Potto RI 1 Sunar
lixi do pr al*.F .
.",.1 1 If? Southern Railway. ..
.-. 083 do preferr? ! ...| ?S
ut) standard Mining .
33."? do preferred
30,300 Tonn, saee 1
2,100 Texas g Paclfle..,,
BOO'Texas Company? 184%
4.7.?? Third Ave R R.j 10*4
l?>n do rljtlit--i .
im. Toledo R>? *?? Light
1.100 rol st 1, .< Weal..
1 ISO do t referred IO*4
?.i?. Twin Cltjr R T. Ittii
50 d,> j referred
2S0 Underwood Typosrr. ?"-4'?
80 do 1 r?f?rred
t :..'?<*? Cnlon Y-nx .*. P:?i.er. I
8B3.21S Union Pa? ll ? . n'?5*?
8.831 do prafarwd 61H
,W> t'nlted r>rv Qood
4?n? do preferred. 104??
1,000 Pelted Ry lmmt ???!*?,
1 "?.".?i do ).referred
.?40 .gel Pipe i- My I
7 i.'i do prcferre t .
38 I ' S I'xpre??.
?28 ? s lud Alcohol .. .
limn' do preferred
4.41m I* s Realt) A Imp.
... '.Nil? (J S Rubber.
1,4881 do l?t preferred.. .
I 080 do 3d pref? ne 1
-?.-.t..?*??(? p s Steel .
13,040 .in preferred.
83,010 I'lali Copper.
8, ! !" '? .1 ' ';?" < henilral. . . .
-no ,ln preferred.
MS t/a Iron ?' * C.
K??"? Va Ry * Power
in.*. Vulcan Datlnnlm ,,
t.v? t\., preferr? ! ?
?.?m Weyman Rruton pr.
7tH> ",Y>ib.'?..i
I e,,n .in preter?. I
?'.'J Wells "-*ai-Ro Kxpren?
P pon \\..?-t Man land.
","?. d,> preferred . .
<? 8M Western I'likm Tel.
dO e, dh .
14.iWI \\...ii,,n!i 171 A Mfc
rtnr? do i?t preferred.
1 R-ni'Whoe?n?; A X, Y,
I.?ISO do Is. preferred
!?<V? do 2d preferred
inn wiM-on-sin Central
1 ?il?. :.S4 T.itat sale?. f??r tlie week, compared with 2.085,00p shar-a laot meek.
The Kansas City, Mexico & Orient Railway Company
Ta di. Holders cf
FIFTY-YEAR FIRST MORTGAGE FOUR PER CENT. GOLD BONOS:
At the request ol interetti representing .1 majority in amount ??f the ibovc bond-, the undersigned, tome of whom
arc thetnielvei owner? o? ? large amount of inch bonds, have contented to art as i Committee lo safeguard tlic in?
tercuts of the Bondholder! and t<> formulate a Plan in ?lue courte for the reorganization of the property.
The appointment of Receivert, the uncompleted condition of the property and other factt connected with the
existing tituation render prompt CO operation necettary for the protection of your interettt.
Von are accordingly invited to deposit your bonds, with all miniatured coupons attached, not later than April
8, 1912. with COLUMBIA TRUST COMPANY, No. 135 Broadway. Mew York City, which is hereby designated as the
Depoiitary of the Committee, under a Depotit Agreement to be dated March 12, 1912, which is now in course ol prepa?
ration and which will reserve to depoittori the ri^ht to withdraw their bondi upon and tubject to tlic conditioni
therein contained and within the time therein fixed after ihe announcement of a Plan by the Committee. * "P?(>s of
the Depotil Agreement may be obtained at any time after March 18, 1912, from the Depoiitary or from the Secretary
of the Committee.
Deposits of bonds may also be made with GLYN MILLS CURRIE & CO., of No. (,7 Lombard Street, London,
England, which will ad as European Depoiitary for the Committee.
Negotiable Certificates will be ittued by die Depoiitary in respect of all bond- deposited. Application to list
lucb Certificates on the London Stock Exchange will be made in due courte.
N'o depotil uill be received after April 8, 1912, except m the discretion of the Committee and upon such term
as it may prescribe.
DATED: March 12, 1912.
I or|i MON'SON. Chairman,
CECIL RR MTIIWM 1 !..
II NRRV BRONNER.
GR \ Will I FARQl II \R,
SAMUEL UXTERMYER, . FREDERICK HURDLE,
Counsel. VVILLARD V. KING.
LEONOR I LOREE.
HARRY HOFFMAN, Secretary, HENRY P McINTOSH,
37 Wall Strct. rHEODORE l' SHON I -
New York City. GEORGF Y TOUCHE. M. P. /
S. DAVIES VVARFIELD, f
COMMITTEE.
I HAVANA ELECTRIC RAILWAY COMPANY
| COMPA??A DE OAS Y ELECTRICIDAD DE
LA HABANA
To the Holders of
Havana Electric Railway Company
Common Stock;
Havana Electric Railway Company
Preferred Stock;
Compa??a de Gas y Electricidad de 1*
Habana Stock.
Ai th.? request of th* beiden of a larg I
of , .?? h ??f the alore mentioned cloieea "f - ?-?-?
the in:,'.? reigned have a?r?'ed to art as I1
under a I'lan of Amalgamation ant v
toted Mari h s 1912, looking to tin- forma
ti??n of ?i OontpMi) to hold them lUxki
ultimately, ir feasible, to a untied owner?! ? ?'
the phy.hal | ropertie?. The Plan ha* i-ett
formulated by representative? of With iVinpanWe.
and baa been approved bj tin- Director? of ('om
1 afila '. ,-trii niai ?le la Hal ana ***9S
bj a Committee representing the Havana Kli'-tf** ]
Rallara) Company Khnrebolder?. rartk-lpeiiej
jnder ti-e I'lan Ia n-pen,:etit on the ?1. |-o*it <?? I
. ,-tiii-ati-a for ihe ?hare? above menl
before tprtl I, l'.?i_ with the undersigned De?
positaries m .\. ? .ink, or with their ?k?" ' ?
Havana i i Espalo! de la l*la de i-uba. re* ]
reiving deposits at the Pi ?fet red ami ?'omino*
Sim-I, ?.f th?: lla\ai;.i i:!?. in,- Kailnav ''? ?mpa***"*B
?.i? ? J hanir? National de ?'ulm re?-eiiing depg^^H
?i 111? Hoch ??f the Co.ii|i.ifii.i ?Ir i la? > V3er
,r!r|dad de la ll?bana No rerlifleale? ?111 J*
'??h"l uniese In negotiable form, Certtfl? ?
l?e|Ki?lt u II| i .- |sg-ied In re?j?:,-t of !?'; ?
?'Mir?
? nt-ie? of tie run and Agreement ma?' b? ob*
n? either ol thi sbo\e mentioned banki * |
f i?? the nnner'uned
I ..'??'. M i? h IS! I, MM?
SHE Y ER & CO.,
:i A to Pine iresi Dep*nt*r?t>
ADVERT? SUENT. AND PUB. ?PIPTIOS?
for The Tribune revel.e?l at ih*ir'.'ptova 0?t?
I No 1301 Htosdwav, betmeu 86l_ and lit! ???*?
until 9 o'clock y. m. V

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