Newspaper Page Text
THE SUN, THURSDAY, OCTOBER 3, 1012.
WON CROP REPORTS
DASH BULLISH HOPES
s- i "l 1 "I
Heavy JJecnno uausca uy uov
eminent. Figures on Oln
ninpr and Condition.
iA(ii: YIELD INDICATED
I'liivptt ts l'oint. (o Production
Over 11, 500,000 Hales, Brtr
rinjr Early Frost.
vinrciHT mill :u l n;. ninikni
li ., li Carolina, South Carolina and
l' n.rii fur in-day and to-morrow: mod.
U"".. ., ..h.n.i wind's.
.. t i in i ti nnu joissii.sii.im. ... .-
', 3 iro light 1 moderate northeast
,1 , j.i wlt"l..
, uuinluu. f.ilr to-day nnd to-morrow,
. ......leru'e winds, mostly northeast.
-is'irn Texas, nir lo-uuj , hikiiui
Hie interior, to-morrow fair; light
,i r northct und east wind.
...tern Texas. flr lo-day and to
. ikMhitma filr and sonnwhst cooler
-i morrow fair
K.11..H, fJlr to-day. cooler to-nlfhti
innrocf. fair to-day; to-morrow
,t In rstern portion,
Kentucky, fair to-diy; to-morrow
m fthnt cooler
Put' rns tin possibilities f nn early Wtll
. rr over a wide iiren or some dlsns
(, ii 'utimiil development It looks as
m tli;it the present cotton crop la a
ii i.r moderate one li.til been effectually
i .1 Ii. tlu tv.o (..overnment reports
o.torihiy It must tic ndmiiieci
cent, on Bept. 25, 1911: 65.9 per cant.
on Sept. 25, 1010, nntl 67.5 per cent, for
the ten year avcrnRe.
A report of the Census Bureau
shows that 3,01C,033 boles, counting
round as half bales, were pinned from
the growth of 1912 to Sept. 23, as com
pared with 3,67d,694 bales Inst year and
2,312,074 In 1910.
Hound bales were 19,450, nH ncalnat
27,918 last year.
Tho followinff table shnvvM llio nvnrnpn
monthly oondltion report for tho pnot
month h uvcrnRti
flour In New York tis compiled by William
Totals 31,500 48.300
And this wns received from Minneapolis
The Morlhutttrrn Miller' report of flour
output, with comparisons, follows:
tAtl Prev. Lait
tt eel.. Week. Year.
Ulnn.snnlL . . . . ITMRO 418.710 I70.IM
Duluth. ..J-.... 3J.07 2J,40 2'JV
Milwaukee 13.MO 10.885 J5.W&
.if ok ifine .tii'i Aug.
25 21 r, .
ioi? ;so wi i tii's 7"i 's
mil m w) mi i 7i-'
mio km) hi: 721
l"0 11.1 71 a ;i rU
10iH 7117 81 .2 Mil 7(5 I
IWt7 70 li 72 0 73 0 72 7
IMA St A MS X2U 77 1
IW1.S 77,3 77 11 71 It 72 1
Kin ksii ui n Ht.i
IDin. .. . 74.1 77.1 7U7 M.2
1002 ... Oil M.7 M0 CI II
rludtnc 10121... Bl.t so.; Ml 7(7
Government oHtlmales of acreni'n mul
yield for tho past nine years follow:
VleM. Atrfae'. btpl. 2I
llll lo.Km.om an.r.si.iini) 71.1
lOID. U.nvi.ioi S3,4'ri.mi r.." i
1 i(i.,iwi,ii sn.tns c S,
10IM l.l.tSJ.Ull 2,4II.(I f,ll7l
1007 lll.32n.l) SI.3II.I") ' r.7 7"
lorn ruo.Viui 3i,37i.ii 71 n 1
inns tn,72il.im 2e..li;.tn 71 2 ,
10OI I.1.1D7.IHI 30.0M.mi 7."i 1
10113 . U.(1I8,I) 29,017,( 65 1
THE GRAIN MARKET.
Tntalv. . 473.M.1 4W.21& 41,T!
"I'lour trade wllli Minneapolis nnd In
terior mills week varied; some did a
comparatively Iiiikk liuxlne" tlille oilier
Hindu nnlv nlllllerat nnlet. However,
r.u 7 .eoiisldvralily more Hour wim sold than tho
0? ' I week' niiiiint amounted lo. Trade came
.nn. - ...... . i
71.2 1'rom a wnio irrriiorj , rui un r nine
u . i..!... ne lnnl. ,.r -.liliii.tii rllrf..lnftu'
IMIVUIIIJMIIIIII "I lill". ciuit.".
alt mills have ns many ns Ihey can take care
or. while In the majority of Instances they
are Hooded with ihem. Not a few buyers
appear to li.ivo reduced their stocks to a
very low point and now want snipments
In- 1'itirpss. The demand for first clesr Is
Htlll excellent, and this flour commands
full prlres, Kiport snles of flour for the
week were small, a little putent. wns uwtln
liiken lv llollnnd. I'ructleally no llrsi
clear uus sold, ilomestlo markets pnylnit
lili-lmr nrires tlinn could heoblalned abroad.
Minneapolis mills hold mill feed prices
Vlienl dTnres illBlitlT
Mnrh AfTeetrd by AVnrllUe He
ports From the flnlksna.
Wheat advanced, but only moderately
Talk of war In the Ilnlkans was received
llh 110 very Brest Interest Liverpool
prices advanced, it Is true, but they reiicted
later, ending to '.d. hlKher In Paris. 1
It Is true, some months advanced I 10 l',o 1
In Antwerp there wns a general rise f
S to l'.e.. In lluilpent I'.'c, und in llerlln
le. The Continent vwo. reported lo lie buv-
l.ei or toiirse tint tne reports . , fr ly ,. i;llro., ml ,,, 1P ,i,,im: for
ibsohitely iiincliisiie of the flnnlj, .rc0es. At Wliuiinei: l!in cash demand
wns somen hat better The Southwestern
receipts showed hIkiis ot dccrcn-inc. t'hi
ciiuo received only S3 cars nud expects only
02 to-day. Not a few are liuylnir 011 reces
sion. Some l." loads were taken for export,
mostly Manitoba. The Liverpool freluhl
rate Is 3!,l
Twenty-seven years neo wheat Jumprd
the represent the stronceet
Hint h.iNe Ihcii presented thus
ne Census report showed a.ui.'i.ooo
lined toSeplembersr.nnd the Hiirenu
pl.iced Iho condition of the
-u, ti iii lloth reports were considered
M,rii luit wiillo the Census report, which
..iiii.o.iiiced at the oienlnsof the market
Mierd.it. did not brinir forth a cient deal
,.f liint:, tins was merely tiecause traders
iere tetr:ilned bv the fear ol some bullish
-irprn in the biirea'i condition report
.i b Keiied at noon. When the condition
"r.ire? were nude public there was general
-,-IHne. which carried prices down to a
it iis of about so points.
rh intton trade lis felt that It never
m 1 ''jpire with certainty on the Imllca-
iM'. '.irnlshed bv the Rinninir report ot
pu'Milier '.'' on account of It nppenrnnce
e.irly in the season. Theee reports,
uuaever, h.io been Issued for tho Inst
fien vears, and they now furnish a fairly
zo't army of rcentaes. The avernco
tr.entaKC Binned up to eptember VS for
'hs tat seven venrs l 20.1. The present
-ip 'iiitside of Teiias Is considered very
tS'e lonsi) iiiently It m iy be reasonably
(.i,iiwl 111 the u venue column and may be
'.Kr regarded as representing a tlfth
of th total, thus promising approximately
f far as the condition report Is con
cerned mathematical calculations are some
sh.T miKleadlnB. The theoretical crop
baeil on n 7 per cent, reduction in acreage
ta I a condition showine only a point and
n half below last year's figure of 71 1 points
on total of 14,700,000 bales,
I lie reports, therefore, quite naturally
are regarded as bearish. No one Is flgur
inz on a consumption much In excess of
(4,ufl0,(KJ bales. With a crop of about the
nine proportion and such large supplies
carried over fiom last year it Is little won-
1.- .V.. I. ..lis ...a Ini-ll.tnr1 In nhnnrlnn
trer inni utv wmin ... it- .. ....
liln nnd to llnuldate their holdings
'with as much despatch ns possible. Conser
vative cotton men take tho view that about
he only hope of an advance of Importance
would come from a greatly oversold mar
et or nn early frost, wh Ich would reduce
he riejd prospects Indicated by yester
aav i rcnorts.
Hi'ores closed easy, with prices 29 to X'
points lower. Kstlmatcd sales 400,000 bales
Prices as follows
Coffer 4tnlet nnd Wlthont Marked
(limine lorelitn Markets
1 prrml.r With Lower Ten
rteuey MaThter necelpts
Coffee continued nulet and without fea-
tines nf sieel.il Interest A partial nnci
niodernto advance occurred llavie and
llntiibiirir were irregular nnd Inclined to tie
inner llio w.is unchanged nnd Santos
r.nher we.iknr The warehouse deliveries
look rather small. 1'or two days they
wen? about half of what they were on the
salmi thus List year 'I he total was .'7,isi4
I1.1T-. incl.nlliiL- 4."P0 at San Francisco,
.tL-.ihi.ti i?' on the same days last week
'taking New Orleans and New Vork alone,
ami 4U.V.'"i last year The total
llio and Knntos Is 3,0i:.,lHio
more, than a year ago,
of,the 1 tilled States Is
seven cents a bushel over night on talk of
possible war between Kuglaiid nnd Uu-u
due to encroachment, of Kussla In the l"ar
Kat Some think too little attention i ,
being nnld to the trouble in the Hulkim-.
which might conceivably Involve some of
the big Powers.
But most people pooh-pooh the whole
matter. Dullish talk was partly ofiset liy
dulness of speculation. I'iz men nie
out of It The receipts nt Winnipeg nnd!
II 17 11.24
II OS 11.13
10 S3 10.02
or some 400,(100
Tho visible supply
,310.793 bags, against
L'.Ut.tlM last week and '.M73.IM.1 bags lust
ear. The weather in the State or s.vi
Paolo was flno In some districts, but rainy
in most. t the same time the receipts at
Pio und S.inius were smaller thnn a yea
aim. though larger than two veals ago
I hit tntnl was To.OiX) bags, ngalnst M.IW
i.i.t v.ii- mul st.ivki In loin. Thus the new
in one way or another cut both ways. Bulls
InsUt that nroMiectlve supplies are light
mul nrires ore destined for higher levels
Hear lni-t on the other Hand mat prices
too high already nnd encourageaauner
Eastern Pennsylvania Power Co
First & Refunding Mortgage 5 Thirty Year Gold Bonds
Due October 1, 1939
Nat Earnings Double Bond Interest Charges
Sinking Fund RetK-a 30 of Entire Issvia v
Price to Yield about SH
Lee, Higginson & Co
New York BOSTON Chicago
HIGGINSON A CO
GOSSIP OF WALL STREET.
Karonean Liquidation Here.
The absorbing power ot tho slock market
was again tno suujeci. " -
teiday. The particular occasion Tor tills
wns u continuation or tlie selling on u ne.n
scale for Kuropenn account which was
nn Important feature) on Tuesday The
arbitrage dealers had the biggest day s
business that they havo liaci since i nn .-ii""
Kxchange ruling nrTeetlnc arbitrage dealing
reduced their activities. Tho lluuldatlcm
began at the opening of business and the
trading continued long after ths usual
hours for dealings In l.onuon were un-..
It was estimated that from 73.00010
shares of stock were ttms iiuumaicu ,
Ixmdon nnd the Continent, wmcii cominneii
with Tuesday's sales mokes n totnl of some
thing like fo,(KKi shnres. Lliiuidntlon bv
llorlln wns reported as especially i cn
The Farmers' Loan and Trust Company,
Nob. 16, 18, 20 & 22 William Street
Branch Office, 475 Fifth Avenue,
L0ID0H e?S &Jki??A. LWte n rARIB, 41 BsnlBTiri IiimM
mV VIU Jl VMM UblOOkff 4Je Wi
Trarelera' Letters of Credit.
over 1011. this Item accounting for more
than half of the totnl financing of the month.
Ilnllronil Upturns anil General Bust
The progress of business in the country,
nnd ns this Is esiicclally reflected by statis
tics of rnllrond trnllc returns, Is commented
upon by a lending hotiso In tho financial
district ns tollows. '"Iho progress business
has been making ha been a gradual growth,
which affords ull the greater assurance of
Us continuing The ttafllo of the railroads
reflects the volume of trade ns well as any
one thing can do, What do the figures
show' The lending railroads In May re
ported an Increase of Lin ier cent. In their
gross earnings mid a loss of n per cent. In
net, In June the figures showed nn Increase
of 5.4S per cent. In gross nnd n gain of 0.21
per cent. In net, nnd in Julv an increase of
in. lo per cent, in gross nnd n gnln or 15.50
t n .... 'I 1m nn. nl .ali.Hin en
The Immed nte efTect or tins reuueuon in ( i- . "-. "" i
K rone's speculative account In American tar received for August show an expansion
stoekwns sharp upturn in sterling ex- or 7 M per cent. In gross nnd a gain of 15.34
change which caused some uuestlou In tho s;r cent. In net. If It were not tor the threat
minds or many people as to the probability ' -f Increased wages nnd that perennial dls
of Amer ca securing a portion of Monday s IhjsM l.m of the Interstate Commerce Corn
oi America sei ui iiii. .. i ' in sslon to checkmate every mom tho
consignment of Capo gold lo London. rMro,ui Inal(e ,0 bctter lcr r.ltop) the
New Orleans were as fl-
inr. II 14
It 24 10.04
11 2S 10.09
10 SO U.I
10. 0 11.25
11. IS 11.40
-t.ot cotton here was 20 points lower,
i- i 25 for middling uplands. New Vork
ii-(,toil stock, 78,812 bales, against 55,200
l"t -e.1r Southern spot markets unchanged
' ;loer. C.nlveston, 11J': New Orleans,
, sivannah. ll'S, Housto.i, 11 s-ie: Mem
:'! ii'(, Augusta, 11 s-io.
I'.eeelpts and stocks at leading points,
i'h comparisons, as follows.
"ttllCR'iii inr ,.ii iiir..niii- rj'ii,i.,i i". ... , , .1. i
Increase shnrplv in the near future. big ullon w itn tne cost 01 nv nig hs ninn up ...
supplv is promised, wnr or no war. '1 hat Is ! and some restaurants now charging an ex
the gist or the bearish argument. And tru price tor bread and butter, which they
Snow estimated the total crop nt Tc.vs o.ikii take to Iw a sign or the times as well as tne
bushels, the largest with one exception, lilgli outciier s inns 01 ino .
I ouee on ino s;mh ii nun-i iuw .,
ll'.c Futures closed steady and tin-
hanged to ii iioints liiglier Sales were
i17.:.ii bags, ll.ivro cloed ' Tr lower.
Hamburg closed '. pfg. higher for October
and otherwise unchanged to pfg. lower
lilo was unchanged; receipts were le.wo
luig.i. ngnlnst iS.iho last year; stocks were
.ii-i.ijuo bags, ngalnst s.ROi.unO last year.
Suntos was i) rels lower: receipts were
.H.imi bags, against 7.fJi last sear stock
were 2.0J2,in bags, against 2,325,ooo last
ve.ir. Sao Paul receipts were 57,000 bags.
against 7l,fTO last year. Jundlahy receipts
were 57.uii bags, against 02,000 last year.
Prices were .is follows'
December ... o 13.00
Msrch .... I 07 14 (
Vlny ... 11.00 14 03
.Tuly .... I 1
Senlemher 14 OS 14 01
Pliov isioNs l.nrd wns firmer: prime
Western, fll a0. refined Continent, JI2.
Pork was firm, tnevs, fin Wa$20. Ileef was
!ow: packet, H7Mil. llutter Crenm
erv eitras. 32c : flr's. 29'u:ile. Cheese
sinte, whole milk, new white specials, 17c .
colored. 17 17V' Kggs I'resh gathered
extra-.. 3Ki3lc . firsts, 2'anoc Chicago.
Ui f. 2 ' There v.as a marnco increase
in the volume or bu-lness in provisions.
Monthly statistics were muth more bullish
thnn generally eipeited, especially on lard,
nnd Ibis together with n further advance
or about 10 cents In the hog market caused
unite an awakening of the trade. There
was a large general demand for most or the
list, some of the larger packer being among
ill., nut chasers. Considerable renlUIng
tool; place around outside prices. The
market closed strong at substantial gains
all around. Prices were as rouows
Open- mm- ixiw
jird' Inu. est., est.
October 11 20-2'4 II 27 j u 20
lercrnhrri'i ui m.oj
i. ,.,..-, in r,.s-7U 10 T.'i in tt
IU 1J lU.dV "
Nf , 'r.eau
S4- i- nsii
1011. Stocks. Mil.
21OI 227.313 124.832
70 401 123.070
28 021 50.217
hat of 1901. In twenty years It Includes
4iv,uon,oiK) bushels of winter wheat mid ?3i - I
nno.ooo or spring Tliis look the edge off j
much or the bullish talk and the net or
closing advance tor the day wns small
The three Northwestern States ate said
to have a crop ol 271,000,000 bushels, Hgnlnst !
lat.OOO.noo last year.
Corn showed the effects to some extent
or the ailvnnce In whent. t ash nnd October
corn especially exhibited an upward turn
Liverpool advanced ','d and Huenos yiei
to !,'d. Hut the outside buying ws
small. On the rallies tho market ran into
pretty liberal selling orders. Some big In
terests think well ol corn and the cash
demand yesterdHy wns fair The high
prlceofmeat may cause materially increased
feeding on the farm to stock, thereby neu
tralising the effect ot a big crop. Tins Is
the bullish contention. Hut the rank nud
file go nbout as far ns thev dnte on the short
side rrom h beller that the crot I so large
that prices must ultimately s.-ek a loner
level Kporlers took 32.fi"! bushels
Oats also reflected some ot the llrmness
or wheat. 'I here were rumors too or new
export business. Other said it mus't have
been In Riling old contract Some large
cash houses were buying Mav and selling
December. Whether In pail fur epoit
or wholly for the home trade the i-.ih busi
ness notlceauiy incrc.iseii at i nicago.
Snow estimates the crop nt i.m.nno.ooo
Whent on the spot was stronger clo-ing
prices r. o. b. afloat Tor export, rail Im-i-
2 red to arrive, ll.ii.Ti, No. i northern
nrlng. OOHc. No. 2 hard winter. Mi"'.
No. I northern Manitoba, 11. Sales were
20,000 bushels tor export. Corn wasen"ier.
No. 3 white, nominal. Oats wero firm:
standards, 3s','e.; No. 2 white. .".0c. Kyn-
tjuoieci o. 2, esc. c. i. i. uuiinio, wciooer
shipment, car lots; State, Pennsylvania,
nominal c, I. f. New Vork. Ilarley .Mulling,
eo-tpc. o. I. f. Huffalo to arrive. Prices were
Wheat: Ine. et. e.t. Inir. C.i.e.
December... 00 '. oj -jsv,
May. . mi i'-1- i
CHICAOO, Oct. 2. Prices were as follows:
Onen- High- Uiw-Clos-Prev.
fng. cm est. lug Io.e.
oou-l mil, i-i' i"'
05V1 .1 05 051, hi 4
The Ordinary Business Man and
According to the experience of some of
the New lork bunks during the recent
Hurry In the call money market there is not
so much profit In holding the deposits of
some of tho large mercantile depositors
ns there used to be. An Increasing number
of these mercantile concerns which have
been carrying fairly large balances nt their
disposal In preparation lor increasing
business In the r.ill have taken ndvnntage
..r th iintiirii iii money tales mul nave oecn
withdrawing their money from the b.inks
and lending It out on call nt nn Incrensed
rate of Interest ror themselves, There
Is nothing new In this practice, since high
rates In the Wall Street money market
Inevitably draw money rrom nil sorts or
private Individuals und concerns, Many or
tho hlu corporations which have Inrgo
rnllrond would be about as well off as' tho
industrial concerns of tho c ountry."
THE CURB MARKET.
13 02 sis m
11 03J14 04
14 05 a.14.07
t receints. 50.303 bales, against 00,001
ear 1 inorts. 33.291. Total for the
' 'no 900, against 1 ,004,133 last year,
ns lira A ted
. 20.000 to ll.KX)
. 6.000 to 7,000
' 'or.iool atiot cotton was quiet, one
'"in ' l.mer. nt .40d. for American mid
tllitu wii sales of 1 4.000 bales. Futures opened
bii i point lower and closed 10 points
o!i prices as follows.
S.CJH'i A. IS
Opea- mh- Low.
Inr. eat. est.
0" .'.'or s im S.I0W S.0J
Ja -heo ft it 0,15
, Uir -Ap-i A 1714 0,18
Uiv-luu- A 20 0.20!
1 ""n A .M. bids to Liverpool: October,
'1 lie -ember, 10.95; January, 10.90. Lead-
ins buyers MaEnany. Mitchell, Wilson
Hu'tim Mnhr. Ifanneman, Varrott. Lead
me sellers Martin, Hicks, Gwathmey
Wutrin llent, Munds, Freeman.
I' ' nitifl, Ark , wired: "All Informitlon
I h ti get, wliriie south short of futures. All
"' mi oneii and should bad weather set in
11 nil s-s a big scramble. Demand Is
a irth fieorgln spot Arm writes: "There
" vsrv much better demand ror spots
sine n very good prices, others Just feeling
riuii mo sen whnt can be done, but we could
' 'iei.y to-day If we could only get the
lot'ou u m not to be had In our territory,
' i 'he latest season on record. We have
'ad 'i riv.sli hours of rain in the past
.'" 1 e ght, nud we are all afraid to enter
n' . engagements for prompt shipment
f .nr,'ntnf will not be sbls to get the cotton.
v isi'ii, lex , wired: "Weather Is gloomy
.no: nmi, but do not fesr frost here. The
i' 1 r .ii promises better every day sndlt
."ss . for the southern half of Texas
1 m.iku hair a million bales In top crop,
s .athern section I rarely ever killed
ii'ii 1 cember."
Mlnneapoil-..Dec . AA'i-st
Duluth. . .Dec. sa'
(dur) Dec B'i
Winnipeg ct-. "!
Toledo .... Dec is'4
Kansas Lixy urn m-i
Kansas Cltr Dee
at. Ixiuls. Dec
Im t"o Prei
est. Ine. Coe
11 25 11 15
10 IC'j'll) 75
10 75 10.00
10 30 10 12!4
10 024 10.72!i 10.02!; 10.70 10 00
II BVOO 10 05 0.B0 10 05 U Vi
0 75 R.S2!i 0 75 0 SVi 0 70
1A 35 10.83 10.55 1S.S2U 10.(0
IS 60-3 IS B7' 18.60 18 87 18.47!j
IS 40 18 47ll 18 40 18.471, IB 15
-Haw wns firm; centrlfugul 90 test.
t ITo . muscovados s:i test, 3.0c. nenneu
was nulet. granulated. 5.10c.
NvvvL, RTOMKS-Splrlts of turpentine,
42'so. Common to good strained rosin,
STEEL PRICE INCREASES.
The grain movement was as follows
On in. live, Parley.
02,0110 . . . 0.1 "Hi
. . 50,000 ...
. .187,000 070,000 1,114.1110 fi. I3,l
zaa,ouu sij.umi .vio.ihiii i.-,ipii ii,i-j
The Northwestern whent iccelpl
Vester- last l.asl
da. Week. Yenr
. 421 Mn) ,'i2l
3113 .'Hi 4.M
M 217 33
SJI 4'iO S'.li
Chicago. . .
Wheat was purchased by Logan .t llrynn,
Finley llorrcll Co,, Wagner, I.iiiiihoii A
Co., Hulburd Wnrren nud Armour (Irani
Co. Jlosenbaum (Irnln Co. and .John Hai
rett sold. Corn was purchased by Harris,
Wlnthrop 4 Co., llaitlett-I'ruier and Ar
mour drain Co, Clemcnt-Ciirlls, l.ognn A
Hryan and Cutten sold Oats were pur
cbassd by Nye-lenks, Armour (iruiu Co.
Grand Forks, N. I)., telrgrnphed. "Ideal
weather nrevulls all through this heel Ion
Shnftlng fp $3 to an Ton Week
Hleel mills hnve Increased the price of
steel shafting 13 a ton for carlond lots and
2 11 ton for smaller lots, while Jobbers have
put up their prices on tins product ts a ton.
I bis innkes a totnl nuvnnce 01 o a ion ior
steel shattllig during tho last few ween,
One largo llastern plate mill Is quoting
plate at Si o per itio pounds rittsburg for
There has not been any let up in tne
deuinud for steel during the last few days
and It Is still in excess of production.
Tho Hethlelieni Steel Corporation Is now
producing more steel a day than at any
time before in Its history.
Weekly reviews appeared yesterday In
the 7rim Aw and the Iron Trade Rrvinr.
The Iron .lee says: "The ease with which
prices or steel milking pig Iron have risen
in the central west nnn me mrt inni inern
is conslileriililo unsatisfied Inquiry tor such
Iron still cause Interest to centre In that
market . Valley rurnaces hnve been prompt
to nslt advance nnd to-day $10.50 nppenr
to bo minimum for bessemor Iron, In
basic Iron sale of 10,000 ton are reported
at tl.1.50, vnlley rurnnce, while tit Is now
.tin in nnlv minted.
"'I lie largest sales or the week were made
nt St. Louis, 1,1,000 tons of Southern and
10,(100 Ions or Northern basic. Inquiries
from steel foundries In that district call
rorn minimum of is.ono tons, with a posol
ble :io,onJ tons, Chlcogo nnd vnlley pro
ducers being In competition for this bul-
supplies of cash constantly on hand always
keep a portion of this In the call loan market
Hut the point mado by the bnnks In the
present Instance Is that such a movement
among the smaller concerns does not usually
tnnke Itself felt until the money rate mounts
to 10 or 20 percent. It Is suggested that this
furnishes another Indication of the In
creasing education of the ordinary business
man In Wall Street affairs,
St. Paul's nise.
SI Paul stock In the present week on
greatly Increased trading has rlen lo within
l- of 1 per cent, of the high price of the
year, 112',, touched In April last. The Im
portance to the St. I'aul or the present Im
provement In the business or (he granger
rondsls not difficult to see when it Is remem
bered that the rond earned only 1 5 per cent
on Its stock in the past fiscal year. F.stl-
inntes In Wall Street or the current earnings
or the St I'aul, due to Die enormous move
ment of the crops to market, are at the rate
of 10 per cent, on the stock. Other rumors
lo account ror the movement In the-e share
were, first, that the Canadian Pacific was
buying to secure control nnd, secondly,
that plans were under way to merge the
Puget Sound extension Willi the parent com
pany.thereby saving In taxes nud adminis
tration expenses. Nobody seemed to iitluch
any more serious nttenllou to these tale
than that they were Interesting products
of the upward movement
The Oranger Road.
Market critics for some time pat have
remarked upon the comparative luck or
Interest In the stocks ot the grent grain
enrrying roads as a whole, considering the
great prosperity that seems assured them
this tall and the Indications or such Improve
ment provided by the August returns or
these companies, Most or the leading gran
gers have already reported ror that month.
showing such Increases ns 703.ooo gross
and 518.000 net ror the Atchison, I71i.hi
gross and I503.00O net for l'nlon l'sclllc,
$1,011,17'.' gross and 942.oou net for Southern
Pacific, 1511,000 gross and 135,000 net Tor
Northern Pacific, and 304,0UO gross nud
107,000 net for Nortnwest ine muck
island lines reported yesterday with nn ex
hlbltofa gross Increase or nsi,uuo and a
net Increase of 1531,000. Other lending
members of this group which have yet to
make public their returns for tho second
month of the fiscal year are tho Oreat
Northern. St. Paul and Hurllngton.
Vnlted Cigar Stores stock, after selling
during most of the session between I021.'
nnd lO.ltf, develoied sudden strength In
the closing hour of business and Jumped
over '.' points to 104'; on heavy buying.
The closing wns nt 104. This was really
the only active issue on the whole list,
trading In other directions being of the
most desultory character llrltlsh-Amer
lean Tobncco changed hands In small lots
at 23'; nuil 24 intercontinental Rubber
wns loner nt I2' and most leading cop
per shares were off u fraction. Manhattan
Transit continued nrouud l!,'. In bonds
there were fairly heavy sales of the New
York city 4'is nt a slight lower price than
that prevailing during the past few days.
Transactions In detail In the market yes
terday were as follows:
Open- Hlch- Low- Clos
ing, est. est. ng.
M Afukn Cold Uln.. 0' 10 0i 10
Ki Allied sees. on W W 03
inn Beaver Cons . 40 40 40 40
iriio llraden Copper. . 7! 7' o;, 7
2r.nu Illg four. . . So 42 30 41
IK lltlt AinTob 24 24'i 23i 21
lino Hutle New York . l; l' 1!,' Ui
inn C O 1) Cona 0 9 0
1000 Dla Ulack Butte... 7 7 7 7
Son r. I Paso Con... 0 0 0 0
1800 i;iy Con.. . 23 23 23 2S
) Hmerson Brant .. 704' 701 70 70
710 Kmersontlrant pf.l02! 103 10IH 101H
7i) Florence 82 82 79 79
200 Oreene-Cananea. . 9t 07 97a OTi
Clroux Mining 4 15-10 3 4 15-10 5
41 Colitneld Midway. 7'i 7'4 Vi 7!i
f 15iii Jumbo Kxlenslon. 34 34 34 34
10UO Kerr I-ake . 1 13-10 2 13-10 2M 2','
;1 I a Hose.. 3W 24 3lj 24
jii) MarronlnfAmnew. "ti 714 7', 7
Ui Manhal Shirt.. . 00', 001, rl eo'i
101 Manhat Shlrl pf.. lot 101 101 101
300 MrKlllDSvUln. 115-10115-10115-10115-10
H) Manhal Trann 1", 1H 13-10 lj
lunn Mul Mln ft la. 40 48 40 47
loo Niplsslng Mines. . 8V 8f SH H
5 Ohio Copper . li i'i 1M l'i
IN) l'ac Smelters !( 9-S1 5 0-32
220 Penn Tex . . 37 27! 27l 27!i
in) Stand Oil N J 407 407 4O0 400
20 Stand Oil N V 540 540 535 540
510 Stewart 1 l'i IH Pi
100 Trl Uulllon. . . 13-10 13-10 13-15 13-10
T4A'5 Tonopah Mercer.. Vo OS 05 97
15no Tulsrosa. . 7, 15-10 H 15-10
3uo Tuolumne Cop.. S 8 S t
SWTonop Uln of Nv. OH 0) fl'j; 0!4
7600 UnCtrStsof Am.. 103 101', 1021 104
' 2,'o ttnClrStsof Ampfl22'i 123 122', 123
600 West Knd Ext.. .20 20 10 10
son) Wettlautrr. 43 44 43 43
53000 Bethlehem St 5... 87J, 88 177 U
4500 llraden Cop Oa... ,148 160 118 160
inoo Mason Valley 09...U0 UO 130 110
37OU0 NYCIty41s 1902., .1001 100!( 100 100!
CURB STOCKS ClOSTJa.
Wc Are Offering at Par ($5.00)
Convertible Preferred Slock of the
Standard Motion Picture Theatre Co. of America
(Incorporated under the Laws of New York)
Convertible Preferred Stock par ($5.00). . . . $100,000
Common par ($5.00) 200,000
Total Capitalization $300,000
Tho Standard Motion Picture Tho.itri? Co. of Aiiwricn iiow controls,
and will shortly be operating, noveral liiali-elufts motion picture house
in the leudinc cities of the I'nitctl State. Tim oarninm have licen
carefully audited by ccrtilied accountants ami the theatres reported
on bv experts. . , , , , . , .... ,
Tho Company is now negotiating for the control of ten additional
theatres in the befit theatrical cities or the i'nitctl States.
OFFERS AN EXCEPTIONAL OPPORTUNITY
"The Theatre," a magazine conduiied in New York f'iiy ii'itl de
voted to tho theatrical buwiehs, recently published an article fallow
ing that in a chicle vear the people of the I nited Mates paid
6,246,000,000 admissions to moving picture shows, and this was tho
equivalent of the vast total of $l,ono,000 per day based on a aoo-day
vear. although nome of theso theatres are opened on hiiudav. hven
iljrurinK on 300 days of business in u year the net outlay for admisMons
to moving picture shows ligures up to $.100,000,001. The moving pictiiro
industry is giving employment lo more thun 70,030 persons, nnd tho
films alone and the equipment to produce the films reprc.y'nl an invest
ment of more than S'.'O.OOO.ooo.
Wo unhcsitatinglv recommend this 10 per centi. Preferred Stock to
our clients as a reliable dividend-paying invchtmeni. on which, in addi
tion to receiving dividends regularly from the sun t, they have tin oppor
tunity, through the convertible feature, of making very wrgo specu
lative prolltfl in addition to their dividends.
Write, Telephone or Telegraph for circular nnd full particuhrs.
Tel. Broad 3692 and 405.
Moritz & Co.
40 Exchange Place, New York.
THE COTTON REPORT.
''''iiriunrnfa l'liiarea That
Wived the Halls of Hope,
Wik'iim.ki.v, Oct. 2. The crop report
,f .iril or tho Department of Aurl-
"' ' io-'lay estimated that tho con-
1 n "( i lie cotton crop on Sept. 25 was
65 0 p. r icnt. of normal,
This tlfjiire In compared with 74,8
Pr cent un Augr, 25, 1912, nd 71.1 per
Toundry Iron In valley nnd northern
Ohio districts has moved to a hlnlier level,
In other northern dlatrlcts there lino been
little or no chanue. Ari Important machln-
. . . t,t....l... l.a I.
i oi v interest ill riiisimia n" imiukiii. iiii-
thls mornlliir. One of my rrlcmls just cnino ur( nf '.'o.ooo tons ror plants in tho Pitts
in from Havre, Mon,, this mornlnsr nnd )Mru nnd t lovelund districts. At Huffalo
aya the machlnei are all runnlni: between I from 75 per cent, to M) per cent, ot the fur
here and Havre and rushlne the viork ns na, ,.apnclty Is sold Up to July i and some
rapidly an possible. Home shorlnco of , oilier rurnaces on Lake Krle are equally
labor. The mill men here claim the itrado .ivlly booked."
of wheat has been lowered by wet weather " ' , lrnn Trmlr Ittxltv says- "Production
Itsymond I'ynchon received the follow- 1H, m(mth of coke and anthracite plir Iron
i from London: "llulkun slluallon lin-' ,,1H nt the ilnily rate of 81,201 tons, an In-
provlliK. L'nderstundinii' is that IPissIa : t.,..,He of 551 Ions over August Total out
and Austria aro looperuiltnr In tryuiK lo , tl , t v,ns J.cni.nio ions, loss or 04,107 tons,
avert trouble. " i due lo there helntr "lily Ihlrly days In
Flour was moderately ndlve mul r.rin I .viiieinhor Output for llrsi nine mouths
vi....... mv i .Mi'iill.O', iiHtrnls. ' .,r il.. i-rar nas 21.210.579 tons, n vain of
minim-nil" ,.,.r-,l .in, i . ..lnHlvelvliiiliilectilii. 'I lis iinnil
14 85ru.t5 35: Kansas strn nine, ii,ii.i. , s, ii.iji "" .,,urn juim- ..... , , , . . r , ,
I!-, flour 3 83"a4 13. Ink' Period of mil. A not gain of seven Urlty of the higher priced Industrial bond
rbe following ihows the otock of unsold utilve olooke wao made during tjepternber." Iwm shown In an Increate of I1,W,0W
Prosprrltr B the Soalhxreal.
K, P. Itlpley of the Atchison on his re
turn from ii tour or the West nnd South
west adds to the sum of favorable comment
on conditions in tnai sccuou. no e
"Farmers In the Southwest are prosperous
nnd banks throughout tho section are in
eiecllent condition. The bumper crops,
which are, of course, the basis of prosperity
in the Southwest, ought to rurnlsh us with
good business. A good deal or grain will
go abroad this year nnd plenty or money
will come Into tho country, making tor u
continuation or the present Improvement.
Against the promises of prosperity Is the
uncertainty or politics, (no eneci oi which
Is a question upon which no two men can
Pori'iiiilne Storks tin Cheap.
A reminiscence of the fatuous specula
tion In Porcupine shares on the curb mnrket
was furnished by the salo at public nuclloii
vesterday of a block of 200,000 shares of
the three principal Porcupine companies
for 113,000, an average price per share of
'Hie pause noticed Inst July in the flood
of new cornorate flnuneltiK, which reached
record breaking proportions In the earlier
months of the year, was still in forco In
Hentnniber. according to the compilation
of new security Issues durliu that month
eoinolled by the Jouriuif of Comiierrr,
The total of new financing was only. .M,
820,000, this representing a heavy falling
off oh compared wltn August, allhougn
It is 114,500,000 above the total ot the cor
responding month a year ago, While the
total of railroad Issues during the month
was still Insignillcaut In comparison with
that of Industrial corporations, lielng only
lie.nou.ooo In nil, It Is Interesting to nolo
that railway bond Issues vveio sliuhtly
larger than the corresponding month In
1011, while note Issues aggregated only
moo.ooo. as compared with a-,lo;Mi,ooo In
lull, when this expensive form of Muuiiclm:
Allied Securities 00 92 SO 93
Am Writing Paper ... M ti 4
Hay .state (las H li H 5!j
llrailen ! 1 Hi
llrltlsh Col Copper 47 5'' 4U 5W
llrllUh-Am Tobacco Zi 2H "!
liln.ui 15-18 5!i 4'. 5
(Irrene Cananea OTi 10 0'i 10
liner Itubber 12 IS IS
,1 I Case pf 100 101 100 101
Kerr 1-aUe :ii XI :IW Hi
lhlKU Valley Coal 250 :0 2JO 20
Iji Hose Sii S 0-14 2H 2 i
Mines Co of Am 2J J! 2? i
Mason Valley I2' 13 KJi 13
ManhHlUn Transit. . . V, 15 15 1! 15 16
Munhainui Shirt w I K'i tai Ui 4l(
Munhatlan bhlrl pf w I UOIi lOlU' 101 101!j
Marconi of Am uew V,i 7! IH 7
NevnOa Hills l, 1 13-15 l. lit
NIplMlng Mines t 8H 'j M
Porto Hleo Amer 255 205 283 205
Slamlard Oil 10SO 1110 1050 1110
Tonopah Mining AH H H '4
UCIg.trKCoof Amwl 1037 104 1(B' lOSVj
I' Clg Sirs Coot Arnpf. 123 121 121 125
I' M l.lchl ft Heal. ... 15 IS 15 It
II M Light & Heat pf 85 87 85 87
Yukon CoM 3i i'i tH 34
llrailen Copper s . . .148 ltO 140 16S
llraden Copper 7s . .140 151 140 151
Chicago HI 5 07H 08 B7J 08
Mawiu Valley 8s. . 120 133 120 183
Witcontin, Minnesota & Pacific
To the Holders of BO Year First Mortgage
4 Gold Bonds ef the above rompany:
In view of the default tn the payment of the In
terest due October 1. 101?. on the above bonds,
the undersigned, at the request of the holder of
a large amount (hereof, have consented to act as
a Committee for the protection of the Inlercsts of
all of the holders of said bonds who r hall become
parties to a Protective Agreement wnicn nas urn.
filad with Central Trust Company of .Vcvv York,
the Depositary named therein,
in the indirment of (he Committee the Interests
of the bondholders demand concerted aril Imme
diate actWn for their protection, and '.ciders of
bonda are therefore invited to uepn'.i t.-s
BEFORE OCTOIIEK IS. 1013, with the De
positary, or with Martin's Bank. Limited. London,
which will act as agent for said Depositary, for
the purpose of receiving deposits ot conns.
All bonds must be deposlud In bearer form and
must bear the coupon maturing October 1. 1012,
and all subsequent coupons. Certificates of De
posit will be Issued by said Depositary, or lis said
agent, for the Donas nnu coupuns utpusin...
The Committee ha arranged w tlh Central Trust
Company of New York, upon terms approved by
the Committee, to aavanre ai us uiuit, .
Street. New York, or at Martin's Bank. Limited.
M Lombard Street. 1-ondon, to any depositing
bondholder so requesting, the amount of the
October 1. 10U. coupon upon tne security oi uic
bonds and coupons deposited by such holder.
Coplea of the Protective Agreement may be
obtained upon application to the Depositary or
rrom the Secretary or tne l ommiucc,
Dated. New yotk. oeioner z. nu.
JAMES N. WAIXACK. trbalrman:
SIDNKT C. IIOKC,
C0ARLKS W. COX.
K. WALTER LEIGH,
LEONARD II. NCHLK.SIM.r.1..
FRANKLIN L. tlAUCOCK.
54 Wall Street, New York.
ALFRED A. COOK.
THIS CINCINNATI. HAMILTON
IIAY14N RAILWAY 0.1!IANY.
GKNIlItAL MOHTOACi: IIONI1S.
Notlie Is hereby given to holders of lh
bnminif The Cincinnati. Hamilton ft Dayton Hall
way Compnny l.s.iied under Us lieneral Morlff.vgn
dated July Irt. r.'rt', u the Central Trust Com
pnny of New Vork. that llio net earnlnsrn and
Income nf said IIMluay Compmy's system for
the tlcsl er en. line June :s)ili. 101?. ascer
tained and dttei mined as set torlli In said (iiti
ernl Mort.-aic, rinrntsiil9eetnpnyaaynddlilon.il
Interest un said bonds represented by ine coupons
iliicNoveintierlRt,ltil2.ileiiruderito!i said Income.
The Cincinnati, Hamilton A l)ulon Itallivcy
4'o. lly P. M. CAHTKII.
THi: CAItMCltS' l.(lN AN1 'I Ill'S I
4 OVU'N V,
Is prepared to puic!iac until January t. 1013,
for the HINKINli l'l I). ?M4..MS IH of the M
AND KIVI'. I'I'.H CCN'I' MNKl.Nfl HMl
BONDS ot lSTu of die Chltago and North
Western Itallwav t'uinpaii. at the limit prlr.i
of 105 and nccrued Inlerisl. pursuant to the pin
visions of the inoriiraire
nn: i AitMi:it.s' u. and trcst company
Ily 1 DWIN ti MARSTON. President.
Chicago New York
DIVIDENDS AND INTEREST.
H. M. nYLl.l'.SIIY c COMPANY. l.NC
The Hoard of Dlreciorsof Iho Northern Sintes
Power Companv has declared n ouarlerlj dlvl
ilenit of one nnd three quarters per cent (IV !
upon the rreferreil stock of the rompany. payable
by cheek Ortnbrr IMh. 1012, In siiMkholders of
reenrd as of Hits clo.-c ol biislucfb M'ptcmber
30th. 1012. noni-Kp J. fillAP. .secretary'
PUBLIC UTILITIES SECUKITIEI.
American I.lrht 4 Traction
American Llirnt Traction pf
Adirondack Klecirlo Power
Adirondack Klerlrlo Power pf
American lias ft 1 loelrlo
American t!a & Klretnc pf
American 1'ower Light
American power 4 l.lihipt,
American Public Dial lies
Aiuetlean Public Utilities pf
Cllles Service pi
Cuiuinunwesltti P 14 A L
Commonwealth P 11 h i, pf
Deuver Uas A Klectrln gin 51
Klecirlo llond Deposit pf
I'.mplre uitinct l.lectrn: Si , . ,
lanolre District Ulectrlc pf
Federal LlgniTrae Hon
Pedcral II (Tillies
l'ederal Utilities pt. .
lias klecirlo .ec ,
Lincoln (Ins 4 i;icclrlu
Northern Males Power ,
Northern .sia(e Power pf
Ocark Power Water Co
Pailno Oas Klec trie
Paciunilasi klecirlo pf ,
lltuu Llio Ity & LlgbtCj
.siandardlin& Klectrlc ,
United Light Itiliwaya
Western Power of ,
.. 31 24
.. 0) 03
.. 4 hl'j
... i ;j
... 5' 50
.. 'i ilii
.. 87 tJ
.. on n
... 05 W
... 78a no
.. 15 U
... SJ St
... 4 SO
... 78 70
,.. 5 SS
,.. 40 44
... 4 50
,.. tai 4)4'
... w s
,.. Wi 38) j
,.. 70 81
,.. 23 24
... M 51
... 77 80
... 3 II
... M 81
ELECTIONS AND MEETINGS.
CENTRAL OF CiEORC.IA RAILWAY CO.,
Stockholder.' Meet Ing.
Savannah, (ieorgla. Mepteiuber 18. 1012.
There will be a special called meeting of Ihn
3(ockholders of Central of (icorgia Knllway Com-
Eany held at the Company's nttice al Liberty anil
lontgomery Streets. .Savannah, da., nt l.'o clock
noon. Kastern Standard Time. Thursday, October
17. 101?. for the purpose of considering and acilug
upon the following: . .
1. The Issue from time (o (Ime, as may be here
after determined by the Hoard of Directors or Ihe
Executive Committee, of bonds to an amount not
exceeding In the nggreirato Klghtv Million Dollars
(80flu0.)i. In such form, beating such Interest,
and manning at such date as may be determined
by the Stockholders or tho Hoard of Directors or
the Executive Committee, , .
: The securing of the payment of such bonds
by the conveyance and pledge, through mortgage,
deed of trust, or otherwise, of any or all of Hie
properly OI ino rornnrnuon nmV imum or nciv-
ifter acquired, and the execution of such cove
nants and agreements In connection therewith as
may bo determined by the stockholders or the
Hoard of Directors or tho Executive Committee.
3. The sale and disposition of such bonds In ifiirh
manner, for such purposes and on such terms as
may ircm time to time be determined by the Hoard
of Ol i ectors or the Executive Committee.
4. The granting lo the Hoard nf Directors or Urn
Executive Committee, either or both, of such
powers In connection with the foregoing as tho
Stockholders may determine.
5. Such other matters as may bo brought be
fore the meeting.
By order of (he President.
CHARLES F. GROVES, Secretary.
II. M. nVLLESHY COMPANY. INC
The Hoard of Directors of the Ottumwa ll.n
way and Light Coi'ipanj . Otiumwa, lown. hi
Iceland a quailerlv dividend of one and tin"
qunrteis per cent (IVM tip"ti Ihe prefer;,
stork of the comprint, payable liy check Oclol-i
15th. 1012. In stockholders of record as ot II
close of business epteinbrr 30th. 1012.
Illilll ItT J OltAI". Scrretnr
UNION PACIFIC RAILROAD COMPANY
185 llrnadway, New York, N. V.
The annual meeting ot the stockholders ot
UNION PACIFIC RAILROAD COMPANY will bo
held at I la omen al Salt l-ake City, Utah, on
TUESDAY. OCTOHEIl 8TH, 1012. at Iwelva
o'clock noon, for the purpose of electing fifteen
Directors Ol ino company, ww ui irausai-iiiii;
uch other business as may legally come tie fori
tat meeting. . . .. . , .
For the purposet of the meeting, ths books for
the transfer of stock (both Preferred and Com
mon) will be closed at S o'clock P. U. on MO.N.
DAY. SBIT. 0TH. 1013, afid will be reopened al
ten o'clock A. II. on Wednesday, OUTOUEH
ril. 1013. ALEX. MILLAR. Secretary.
Dated August 24, 1013.
II M HM.I.CMiV A COMPANY, l.M
Chicago. . .
The Hoard of Directors of the I ort Smith I n'Ut
and Traeilnn Comiutiy. I'crt Smith. Arkaiisa's.
has ileclaicil n qunricrh iHvldend of one mi l
three (limners per rrnl il,":.i upon the preferre I
sun k of ll.i- compiiiiv . iiinlile by check Octoliir
1.1th. 1012. lo stiickholders of record as of tlio
close ol business eiitcniher Will. IH12.
HOIII'.IIT .1 (ilt.M. Asslsinnl sccrrlsr
II. M HYIl.r.HIIY It COMPANY. IN(
Tlie Hoard of Directors of (lie Western stales
(Ins nnd I'.lerlrle Coniiiaiiy of Delaware has de
dared a ii'mrlciH ilMdrnd of otic and mice
iiimrterst.ercini if,' i upon Ihe niefeirrd Moeii
nf the ciuiipauv. inirlile In cheek Oeleber ltlli.
11112, to stoi'liliolili'is nf iccoid as of the close of
business September Itnth. I IMS,
lionrii'l J (illAP, Sccrclary
i:i.i:c-iiiit'AL i i ii. nil's i tiitroitAi ion
71 Hroadway, New York
riir.ri:iuti:i) h-tocti dividc.M) no. 10.
A quarterly dividend of one and one-ipiailer
(lll'i'l per cent, nn the preferred stock of Ihe
Electrical l'lllltles Corporation has been de
clare!, payable October 15, 1013, for tho quarter
ending September 30. 1013, lo (he prrfeired stock-
iioMers or recoru al mo close ot inisiiiess uciuurr
5. 1012, Trwisfer honk, will not oIcit.
ii J ANDERSON, "ccretary.
tU-LCI ICVAI. I' I ll.l iTuS I'tlllf ORATION
a. , ; in I'fivi v. ci s in
COMMON STOCU DIVIDEND So, t
.lvalue iietoiier 1 tin. mi-. lor mo quarter tun
NOHTIIFJIN PACIFIC RAILROAD CO.
Notice Is hereby given that the annual meeting
of the stockholders of the NORTHERN PACIFIC
Kvlll.llUAlf 1 1IMI-.1.1 oy Hi,., ui, ,iiu,-..a.,
October 17. 1013. at twelve o'clock noon, at No. 54
Nassau Street. New York City, for the purpose of
electing thirteen Directors of the Company to
serve for one year and until their successors are
elected, and for tho transaction of any business
that may lawfully be brought before Ihe meeting.
Hiw York, September 1. UU.
(.(IM.Vil), Ml in u iiiv iiJr.nu .i. i
quarterly dividend of onr-hulf of one per
in. iV") on (hn Common Stock of tl.o i.iuo
cnl I unties Corpuratlun has bcim deel.'.eu,
valilc Oetnlier 1'ilh. 1012, for the quarter end-
i if setilemlier 30th. 1011, to tne I ommon nines-
holders of icrord nt tho close of business October
Transfer books will not close.
t), J. ANDERSON, Secretary.
iMiitv. pin: i.ini: company.
28 llrondwny. New York. Scpjeiiiber 28. 1012.
A dividend of l our Dollars per share has been
declared on the CapKal Slock of this Company,
payable November 15th, 1012. lo Stockholders of
record at Ihe close of business Oetnlier '.'3rd, 1012.
All communications regarding payment or change
nf address should be sent to Mr. J. R, Fast. Asst.
Secretary, not later lhan November 1st. 1012.
tlEORGKCHESElIRO'. Sei relary.
The Wall Street edition of Tun Evevini son
contains all iho financial news and the stock and
bond quotations In Ihe close nf the market. The
closing quotations, luiludlug tho "bid and nskouti
prices, w llh additional news matter, are contalnej
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