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i 4 ".! THE SUN, TUESDAY, APRIL 15, 1918. 11 COTTON STEADY, BUT SENTIMENT BEARISH lie .iii(NSimill.'riiouuli Wcntlicr mI Flood News Show hnprnvfiiiciit. IMMIKAT It WORT li'i r;lltll.' I MI'li m'lis ('(nsiiiiiptioii nml Shown. Wliilc. Arc l.ti r. w.is about steadv thtmiKli nnit . - -sslim yesterday, with declines , . Ili'i'tiMK the wo.iUncss lit l.lver I . re priced went ;t little lower tluin ,1 , ,. mp.irc! with the 'IoIiik lu-te p in The niui Let here did not open .i .-irter to I'.', nwltiK to the fiinei.il i M.tr.ui lluslness was nrtivo fur . . nil' lifter the npclilliK. hut the , . transactions n not henvv e ti Liverpool : ti.l New Orleans ' , .j before the openiiiK here was , if ilue to bettor we.ither londltlons ,. 'i. I (H. n moderately lienrlili (lovertl : eport of supply ami distribution v wrd hy the majority of broker" anil (far." thnt tho floods alone the lower Mij'"lppl will prove serious. Trade nil , were disquieting; to those Interested n hither pilces for cotton, with dlmln jhe,l demand and lower prices for cot ion goods reported It Is generally ex-r-(ed that the consumption of cotton will fill off under lower tariff duties If .! present sections retarding; cotton pp-luts are passed. Hears freely talked o 1 1 cent cotton, although near months r only II a bale, below 12 cents. 1'lant-l- s progression rapidly In the iSouth, with more than half of the, crop In Texas ttpnr'ert m the ground Th report of the Census Rureau ehow Irt cotton cotuumptlon In March by do mestic mills at 45,1S2 bales was con a.dererl quite bearish by some In that t .honed only a small Increase over the shnrtsr month of February, when con sumption wss 4SB.933 hales, anil In that !'llly declining: consumption Is looked for tlurlnc th next few months The tnijl use of cotton by the mills so far ihi season In seven months has been ZH SOo bales, or at the rate of S,750,00n for a ear It Is not expected that such 'ota l will h shown, however, at the r end on August 31 The export move ment for March was 372,073 bales, as compared with B30.IU1 for February, with 7 1 7.V50P, hales exported for the seven moifh to March 31 The decreasing port movement was also considered l-sar'sri. even though the total to the end of March would Indicate a total to th end of the season of 12,300,010 bale. The total exports and domestic con sumption of cotton so far this season, according; to these Government figures, ha been in.R30.000 bales, with the total for the year at such a rate of t,n,'.0,non bales. While the lat ter figures are not considered at alt 1UI to he shown, with the next five month' consumption added In If the March consumption and exports are maintained for the five months from April 1 to August 31 In each month, the total u of American cotton In that time will be 4,2,27R bales and the total for the year 14.81S.27S hales. The slocks of cotton In manufacturing establishments on March 31, as shown hy the Government report, were 1.931, .",17 hales, against. 1,957,541 bales at the end of February. The total March 31 equal to about four months supply Warehouse stocks at the end of March -re 1,(132.494 hales, against 2.252,011 tr month before, with total stocks of I "4,011 at the, end of March and 4 jO?, f5 hales the month before There were 579,39ft spindles active In Match and Jo.sts.ni9 In February. Ppnt cotton was carter, middling up liid 12 40, middling Gulf. 12 65. in poin's .ff. delivered on contract, 100 bales Southern spot markets were unchanged o , ,.r Galveston, 12 9-11; Now Or " '.'s. Memphis, 12S: Savannah. , Charleston, 1 2 : Augusta, 12'i. S- l,n-it., ijj; Norfolk. 12' Fjtures here closed about steady, 1 to ? points oft J'rl. sot ' mhr 'i1.ms wa stronger after the h. e Ii :i-es s ere : I'reT cloo 13 3.1 : :-j II o; ii ; l.erpoM tnuiLot was weak, spot h weak at " 7.1 . 7 points de. , i bales. Including 6,000 t p., ieC4-pts f f.ilunn t I.lveipool were: . On H. V Snow, after a tour through south eastern Kansas and southern and central Missouri, wired that the conditions In these sections were perfect and that there were tin) tr.ieei of damage from any source There, were leports that field won. Is actiM-ly in progress In inanv pirts or the spil'iR wheat lerrltm From ll'.iille). N D.ik. ..inn- liens that the snow has dH.ippiaieil .iml th.it Ideal weather iiiiw pretalls for seeding opet.iiions Corn Inst nbout .c under : fait I v hc t.lo tiuUo, linrly upoits fiom tho lend Ing market said thai huge holder weie selling on the Improved weather fundi lions o.ils mined In syiiipathv with wheat ami roii i losi,,; about 'ai- nndei the pievlous close The belter went her was also ii fnrtiir in the ilei'llne, unil i h ileniniid Is said to be rather uus.irin lory A i'Iiii.iko Mini Not lliwesiei ii ftailwav lepoit Inill.sitiil that r,n percent of firing eedlng In South Dakota has hern done. Visible Hiipply IIkuii's elniwi ii ileciease of I.IIH.iiimi bii"hids of wheal. 2.307 bush. els of oi ii mid 7115,0011 lumhel of oats deli demanil at WlnnlpK wiis said to be fair, wllh no wheat offered From the same icntie it was nimounieil that M'iiI Iiir will be general over western Canada by the end of this week Wot Id's I'Mioits of wheat Mid corn 111 bushels for the past week, with I'oiilpui I sons wete as follows l.ai Previmi l..it V. heal eel, week ejl Allierlrj .. id: O'fcl .1 .0. fii.1 3 o hi.l AlKI'llttlU I.MI.,11.11 il'i; ihm :i 't'l. (It. I ltllla .. I .Vi.'.tt'M ii.m.1.1 i ,i,i iii. i IllillJ x.ll..l .1.1 i.M Jv) ih.l ll.llUlhe T'.'.l.HI 'II,. I. H 1 l I.HI Au.traha i,i;4.,o..i ; ..i.n t; ihm Oilier ciniiitrlea n i;., wn 't o GOSSIP OF WALL STREET. Totala Corn lhilted Slttea.... Arcentlna Hu.l Danube Tatala. IS.104.I..I I. ml w,eek i.i::.oih "14 Wl tls.OlM ITO.tKW lu.Tli.iWO lreTlnns neek : i; i.w on .3. US OiW Prices at Chicago were: ii ;. y l.ait )ear IJii.iDO 1 1 1. 'XI') 1 T.t.'Mll 21'. 'iKl 2 2.r,Q Open, Illjh Low ('Inn l'r Theat: mi ei eat m eline Mar WV31 i'7. S ! .Inly (iii, , ', mi, yi', September M .'i ..i, .., yi , I orn Mar . .. 15', 4 14 f.O, r.M, y.t, July f.i,-v.. r.iiit o'.S ''t-S September : i, r.n', ,.f, , Out May 4,-.ti Jis s.i, li Inly 344 ' "' 3I, .1.1. Jt', .September S4-i, 341, .13', 3.1 , 34s New York wheat pile eie Open High Ii Clot l'fe tn eft et hi( elo.e May , ii, hi, i, Canadian bonded May 1Mi, ft. Other wheat markets. Open- tilth Low Clot Pry Minneapslia in.' em em tni flne May H fi,i, .',4 :.., m, Jiiiv ssi, u, i:', 11 Uiilmh May . .. "4 "74 t' 'T4 Jul . . IJ IJ I4 SI', M4 vlnni.e. May ... MS 14 04 ?J, July . 14 sis IS I4 PIS lteclpts and exports wer Itecelpta-New Tork Expor1-N"ew York Receipts Interior Exports- Seaboard Shipment" -Interior Wheal . TV.) 14.1 3.4 Oim . 441.0O.1 Corn l.ooo H.000 3t 1.10 4''i IK) Carload wheat tecelpts points were . OaU 61 010 6?il IM0 4t: 000 at the principal Ohlearn Minneapolla liiiluth Winmp Tetter- day ... .. S3 I? .. ll I. a. I week t!l 3u 411 I.l't year 10 1 If 311 follow Open Huh- Low-. Clot Prer iny e.t eat ma close 1 :1 II .2 n : II 7t ll 4 ii 11 'i 11 ;i 11 ;i n u 11 i.r. ll it" 11 1", u 11 :i 11 .11 11 31 II 33 ii. : II 41 I .i: 11 41 11 3.'. 11 41 11 13 11)1 113 11 31 11 34 II 39 Opn Hi s Ii - Low- 1 '12 e.l ett U. n 1. t C2 '. 1: 1. 17 1: is ' ' ler M 11 44 11 3S I" emie, ( ; 1141 11 37 Clot Ina 1? 30 M l.i II 41 it i; wenk . Tn , Hull l.nw Pins I'reT el e.t tnK- rln.r ' v. e .vm, r. r.r,i, r, m i ".3 ii i. i r, '.rs i t. r. f. :i Ifl'l storks w ere , He l..ii I.ml eipts fe.ir Stnoks ler . c"t 3 . rrt 41. .'.ji 3 .vi 3 r.i '..O'i ii: .-e. .' ! 3 M .1 4V, !',.-,4l 3:1. it- ir.:, :; :.r, 4" r i 41 iv. 41 if,; : i3 i a." 141, i:, r,s.i 1 ',4 ' . .'II l.ii II" zu i: i" l', c. 4C if,i r,n.i34 e'.'pis hlptinnls and stocks Last 1 . il year ments Slocks 4 'i' 4 fto;, 11: '.; .17 ' 441 : 331 J04.I34 14 1. 'i r,js ,VI.T1 1l 1 4'H 3M 31 O.M 'I s: S ' 11 13; : si: .i4'i.:.v em. - lo K1lmated refvii,ta o day : 311 In 3. son Wl In K.Oi.l hided Itiorden, 1 pool. Welti Last week :.:; : 474 Wilson, l.es Itnths I.att year 73,717 70 I'll Mi li'.'l L4.034 i:..f,73 147 r.1,4 I.aot ear s.i:9 I.MS 1. 1 South. - a!l Hubbard, Wall Street. Schlll, Par Totals . i Cash markets were Irregular with a quiet trade Cash prices yesterday fot low Wheat No 1 Northern at Minne apolis, Sf.';c , No 1 Northern spring f n. b. to arrive, 51.02',, No 2 red winter f o Ii In arrive. '1 14; No I hard f o. Ii to arrive. $102',. No 1 Manitoba f o b. to- arrive, $1 04 4 Corn No 2 el low c I f. rail. C.'f'.c export fob. f,2o OatH No. 2 while, 41c . No 3 white. 39c . standards, u'c. Ilye No 2 Western c. I. f New York. 179'jc Itarley Malting c I f Iluffalo. r.! to t!2c Flour was tlrm with a moderate de mand Flour prices follow: Spring pat ents, $4 70 to $.", 05 In barrels; winter straights, $4 M to $4.70 spring clrar, $4 20 to $4 35. Kansas straight, $1 2i to $4 35 in sarks MISCELLANEOUS MARKETS. 4'nlTer shonl tendy In llesponsr to trenBth Mirosd. With tnoio llqiil lalion in progress coffee prices were lower through most of the trading estenln. after opening with ad vances if about 10 points In the after noon there was a reenverv. with improved demand because of claims that prices In this market aro way below a panty with those abroad Foreign markets were strong, with Havre making a good show ing In view of tho hcavv declines here at the end of last week, uhlln Hamburg recovered much of its losses of Saturdav Home of the oarlv pressure came from shorts, but lnt In the afternoon they showed morn disposition to a,ccept profits, while leading operators on the long side vfrj bidders for large lots. I.lttle coffee was offered when support Improved. Lon don reports that tho new State loan of Sao Paulo, with 4.ono.000 pounds sterling 5 per cent, bonds offered In that clt was a great success, had good sentimental effect on coffee traders and was believed to have had much to do with advances abroad The bonds, according to report, were offered to the public and oversub scribed at once, with the books closed within an hour About a.min.OOn pounds sterling of tint same Issue will be of feied in other foreign cities. A mnie wh.it Improved demand In rhe spot mar ket was reported, although buvlng of the actual has been ery disappointing for weeks Prices at the closing were .1 Httlt above Saturday's final figures The opening at Havre was nt unchanged to ' franc below tho prcious closing, and the market clnleil unchanged to 1... franc off Hamburg opened unchanged to y-s pfg- off and finished 'j to 1 pfg above the previous close Itlo was 125 rels lower with No 7 at fi$400 Nu 7 nt Santos was nominal and No 4 was i'i$S2.", off 25 rels. Itlo exchange on Lon don was at li'.d llccelpts at Itlo were 4,000 bags, wllh .,.000 at Santos, a tolnl of 9,000, against Irt.OOO last year Sao Paulo hud C.OOn. against 9.000 lasr ear, with 3.000 at .lunillabv. against s.iino Unliveries of IIra7.1l coffee at New York warehouses on Saturday were I7,9'i bags, making 50.S94 for the week, analnst 50. 04S the previous week Prices follow Midi I.uw etl r.l Another llecUlou l)y, I he clmnce of a decision In the .MinneMi'.i late casn mid following that of a ilecMvc tu-ii euieiil In stock prices In cither illiei limn w,n app.irenllv tin- only Ihlng thai I I ii mi lit a uooil inanv people ilowu Iihmi . e.leiilay I'oli'.eiiiietitly when If was an nounceil shnrtlv after the market opened nt 110011 that mi ik't'lsion would be ImiuIi'iI down during the ilav a goodly nninliei of liiokeis and their i llenls left the financial ilislrlit eatlv, illsifiisleil that their hopes of a settlement of lliti mutter had a.nn been 1 1 en If 1 1 Soboilv seemed to elpecl Ih.il nil) IhlliL' uilli li would he done oil (lie Mm I, l.xihalige fnllliu a ilei'isioii ft inn the Mipleine Court I lie argiiinent iwis that ilie stm k iiiiirket has halted temporarily nfier a nhaip iipw.rnl rise unil that It will leqiilie Mime poslli'v ravoiahle llifiileiii e to i-eni It up further The hears on the oilier h.inil profess lo be more or less ills l oiiraifeil wllh their position 'I lie first lailft week' bus proved a good ileal of 11 ili-.!ippo!utuieht lor those who hail been prcillctltiit Hull the slock 111111 k ol would leielve nt le.isl "iiiik thrill a day" from W . 1 -1 1 1 1 1 g 1 . 1 1 1 licginuliix wllh t II 7 I'IhIiik it l.nae llnnil, Ihe I'liil.iilelplii.i Sloik I tihalixe .lit ! not follow the lend of the. exrhanifes hole 111 the iiiniter of closing during the morn ing limn It oticiied as usual at III I' M It l a rather unusual thing for the. Phila delphia esclninge to be In session while Ilia New ork enchnnge Is closed, as there are 11 number of etocks which are dealt In in the (Junker Cltv as well as here Ap parently Philadelphia took advantage of Ihe uiuiBiial sltuatloli and decided to pluy u lone blind Also apparently Philadel phia made a moss of It. for prices of actUe Htoks like Heading, Steel and 4,mulra mated were bid up lo 18"',, el', mnl 7'i respectively In the morning Th opening on our own eichauge wns well below this level, and at no tunc dining Iho d.iv were the high priii's made In IMillndelplila ceu liearlv iipproached It was suggested that Philadelphia had taken Its cue from the London market, where early quotation for Mneilcan stocks were fi.hu a Itaitioti to a full point alne parity tlf course theie Is no telling whether th" aduincn in prices in I'hlladelphla really originated In thnt fit v 'I here lire any number of Arms In V.'.ill Street lih private wires to Phila delphia, arid If auv one hud wished to trade vesterdav morning he would verv prob ably have taken ndvantogs of the opportu nity eitended bv the Philadelphia Stock I 1 change Chesapeake Karntaiaja. Last week Chesapeake ami Ohio fell to . the first time It had touched (hat price us h ," per cent stock The selling which brought this decline about proceeded In ihe face of reassuring statements' bv of ficials to the effect that no reduction In Ihe dividend would be considered, unless (he damage from the floods should prove greater (han eipeo(ed The loss In earn ings wus (hen estimated at about $300,000 Chesapeake and Ohio subsequently re covered to 9 Yesterday there wis a renewed decline to within S a point of the previous low Gross earnings of the road for the first week of April were I.HT.ntjo, a decrease of $3.11.000, or 51 per cent For the list week of Mirch, when rhe floods were at their height, the decrease In gross was $:m,rio, or 25 per cent CLARK, DODGE & CO. BANKERS Transact a geneml banking and investment business. Dealers in Railtoatl, Public Service and In dustrial Bonds suitable for conservative invest ment. Act as fiscal agents for corporations and negotiate security issues. Furnish statistical information regarding securities to Investors and Trustees. 51 Wall Street New York The Rookery Chicago THE BOSTON MARKET. Boston. M'rll M - An extremely dull and narrow market, with odd lot trading pre dominating. - 1" evld-nce to-day. Price, held steadv lip lo the last hour, wheu ellght fractional losses -r' wail". "loln easlei Intere.i sppeir-d 10 be centred almost etilirelv in Ho-ton l levaled On active dealings It declined .MM further In 1. oft U I his makes a drop or 2 points since In. Il.ur.ih. l'n I" 1ecen. -et1v.oml decline be-.. Over i.Vmw Pennsylvania rlh were -railed In here Ihe .mutuary l!OM One a I tOJ. lie lUM Am T A T 4a . . . n JL T 11.4 fJVI A (i i I ,1 " 1 v- jMaV. .!s ," :; in,w Man lta IW -'sS r.Ui S K (,'nl Yarn )' j,ns) VeM T A T t,l ' Ml NINO STOCKS Hastr Onnrlaaloaa, lar advertisement In the morning papeis bearing a facsimile of Ihe seal of the Suie of New York and the terse an nouncement, "The Stale of New York will give you. beginning May HI. an oppor lunlty lo make money," aroused a ileal of curiosity In the financial district yes. lerdav ( omlng. as It did. Immediately after the circulation of reports that two 'ate officials had llted Wall Street for the purpose of negotiating for lue a new ssii of State canal bonds If was I perhaps not unnatural that many should iiirnp nt the conclusion mat tne mais administration had decided upon a novel plan for disposing of Its securities, by dis pensing wllh the aid of bankers and offer ing them directly to the public Iter it developed that these surmises were very wide of the mark I'h" latest re ports said thnt the advertisement referred slmplv to the este of some real estate up In 1 he llroni The Cos! of a Ureal War. f rupture of the larger pence of Kurope has been the real Influence at the bottom of the disturbance to the financial centres abroad during the past sit month". The London .'nnnmisf In lis latesr Issue pub lishes the calculation of 11 professor of the l'nierstv of Paris hh to i'lst what n Kuro pean war of the prcseni dav would cost In hard, cold cash Should war break out to-morrow over some of the questions relating lo the settlement of (he Balkan dispute It l estimated thnt the Triple Alli ance and the Triple r.ntente would be forced to innbllii., loughly epenklng, :n.noo,o.i men 'I hi'se figures nre based on ofllclul estimates Tlii. expenses per day of the m'umi Power on a war footing arc figured out in detail Ihev are est limited at h hide less than $55,1 100,01 "i. These ciilciiln-tloni- do not lake Into account the Inevitable rise In I lie cost of all necessaries, (he, ile al met Ion if proper! v or the loss of human life Those who belle e that the Verv eipensiveness of a big wnr In Kurope c t li,. pest giinranH'e aglnt lis occurence may be encouraged by rhe results of Ihe latest attempt to estimate lis cost COTTON NOTES. 4 Hrvon y.ire to N L Carpenler & ro ,u, nMr of H,v,.ra m lf.rH 1U irv.r.g (0 resell (heir cotton on ' ' ""oi outlook for business tinder - f 1 1 ' risk Cotton Company of "en, Ala. wrote In part. "inditlons have been favorable ' e week, nnd planting has been d has mnde good progress. Our 'beati. that 40 to r.o per cent of ' as been planted, and In tho up. '' a little Is up, Tim demand "Mlnues rnther poor, nnd cot- w being offered nearer a parity es than nnv (lm (his seat-ou ' rt ' We GRAIN MARKETS. "".-timing In rarorable Crop Nimts, Prtres Katr OtT, h wVat market yesterday seemed e ...Kmslvn to the bearish weather ,' f "w s t "oslng prh'es yero nbout I iv ' ie finals of Saturday, but ' v 'he close showed a slcidler " ' an prevailed during the ' 1 'f tho acaslon. 1'Yoin Chi- ti lepoi'icd Hint a heavy trailer K 1 personal InspeiTiou of nait of the winter wheat m Urn opening, but die 's ,11 ihe leading market ige 1 Hie weather ,uii clop I kclv lo favor Ihe bulls cpi iis wcie exlieinely fiuor. 4iiive email comfort to the bulls, 'ar ft April . .. May .Illne July August . September 1)1 lol-T Novepitier Peceinlier January 1 eririiarr March Salta 1.7.VJ 41 f.O-'v 10 :i 10 V 11 i' 111 11 10 i no; avow 11 u 11 0: fi.;.iio 11 10 Cbmnr ' '.inn i'i fioin 7u 111 II1M vi V) !lil 1(1 'i.' 11 os'.iii nr. 11 14'illt ir. 11 mill n 11 1 4 .1 1 1 ir 11 Mini 1: 11 lC'lll 17 11 Idill IV 11 nan in 11 ill Total aalr eie 1 1 S "50 hat" Provisions. After opening steady, pro visions, especially pork, were under pres. sure and declined to the closing Recent longa accepted piotltH on the decline Packers were moderate sellers. Live hogs were 5 centH higher. , Cash pork was steady with mess nt S.iTi $22.50 nnd family 23fi25. C.isli beef was steady with packet j:25i23 and family J23(fi J24. Cash lard was eas ler, prlmo western, ill 45; rellned Con. tinent, J.ll.SOi South American, 112 35. Chicago prices for futures were. Open- lllsh- Low- Clua p.i. jn 02 Pnik: Mat .. Jnlr .. I.uril: Mav July Itih.. M.iv JlllT Sugai inr 11 '.7 10 15 17 11 on I" 11 e.t. 1S7 !! '."0 Ilia I? 75 l'J 1C rr"T cloae. Ii 97 u II Oil 11 "0 in nr. 10 15-7 10 17 111.17 10 V, 10 Si 11 sr. 11 1-, : 11 ;o-2 11 :: 11 so II 15 11 17 II 2 5 lt.OS-S 11 15 Itnw sugar was nuoted at 3.30 rcnth, iih loiupaicd with (oiiie ipiotullons at Hi. 1 1 figure nml miiiio nt 3.33 011 Sat unlay llellners continued to nsk 4.15 iciitH for ictlni'il giauulalcil, excepting the Auiei h'aii Company, which asked 4 20 iciitH It was irpnitril thnt some busl lieuM had been nicoiiiiilishcil at 11 lower llguio than iiiolcil pin it Naval Stoics Tuipeiillne was one icul lower, at 4 2 ccnlx. Itoslu was unchanged lit $5,35, THE CHICAGO MARKET. ( HK vim, Urll 14 Tim larger volume of initio lo-day was accompanied with considerable irregularity In prices Such slocks as Diamond .Match, Amerlcnn ( an common unil preierreu, 1100111 rincrirs preferred and Public Service preferred were easier, while frncllonal gains were mnde in (Till-ago I'rieumnrlo Tool and Corn inonweiillli I'.dison. The bond market shoned an Improvement, In Irade. w Ih the recovery In Chicago Pneumatic lonl 5s the fen I lire I In- summary open nun Salei int. 41 Atnal Cupper . 2.VI Am Can . "Cv4 lis) Am Can pf. M Hooth Pi'li nt. 1't no cin Pneu Tool r,ii .'. CI11 Hv, aerie" u "J nr. Com Kill son. i:.i 111 DiamnaJ Match IO.-'i 0 llhnoia llrlck 70', ;.) .Mont Ward if.. H7. .1 Public Service pf . rV .IS I'enple (Ian... 113' in Uiulier OaU . . U.'i'v .'5 Sears-Iloebllck . 171. PHI Swift . 106' t Ii', fulled llnihoard l' '.mi 1' S Steel.. sl'4 .'" I'ninn Pacl'ie . ...JSP. Weatern Stone ip.j HONDt SIO0.K1 Arninur I'ja . W. l'iml Chi Hv 5a ... i.. kftil Chi Llev Ilr U . !', 10.4.1 cm Hy A. . si frfn) Chi Uy H. . HJia 110 Chi Tel 5 I'XI'i lw Clu Pneu Tool f,s .. 1 llOuO t'itT Ilr fs . 100i m Com Klec It .. .101 eal 3C, '.':. H'a Hi 101 71 lo;t, 1131, m:4 144 lOtlVi I't 6'l S, ISC. 1H4 Ilw e.t. 77H Ti M' niv 102 70V4 107, lS 113'i Jf,7', ivr.i, P. 621, I'll'. ll'-l Clo. 4 in 77S ? 17 HI-, 61'. r.i h2 107'i !1 1134 257', 147 1H8, I't r,.'i . ir.u, IV; W4 DIS !', Id k-"a lOfl'a !U imii 101 S)'4 !"S I'll7, !l k24. 100', 111 1004, 1"l 10', MS 114 h."-i I00T, HI loos 101 MONTREAL MARKET, Hank of Mnnireal HriilllonTrinTlnii Cnimillau Cement Ciiiinillnii C.miH Kulilii'r . Ciown llcserve Dermll ITllled llv llnnilnlnn Slrrl Corp . Iiiiitilnlnii T'rmlle Illinois TiiiiTliin pf ltiiielillde XIiiiiIiciI I. II .V P nii Scollrt .Steel A Coal IIKllile IToiir UIIU IJiirbi'i' llv I.I A P llli ll . I nil N'nv MinulnliiKnii W iV P., Toronto Hallway nu .'j i as .11.5 . 731, 52 S Wl), JIH ::u', ani, 12.1 tiki no' j 1.15 Askeil. us -s'i 3111 7IM 52 1 i hdvj II." -4 .-.'tl i-U s"J 127 l, IM'i 147 143 iiiih et H 101". K.S MS e,t VI 10JS 4. KS ws C1e I in in llll't l'J ft.' a MS 110 119 311 I sis s IS 1,1 411 :S 4f. y; IIS S US (7 lit IJ'-i I.' : 15 14 2 IS l 1 -'t fJS t llli IIS 6S IIS 47 4t 42S IS 17 i.i. is! 15.11 :ts IIS US iss !IS IIS us 7S IS' MS 1S 2 MS ys IS r, l ti till MS SOS IS 22', 71 US It 11 J.' IS 4S 2S 41S !S IS s 12 11 71 1S 1 It 11 4S IS s 12 11 1 4hmeeU 1370 Amal .. ;;,4 M Am Zlne ; . ;: 1M Ilo.lon L'nrbln S t: Untie 4 !vip 75 Cl Anr 2 rA i Ilecla ' I) Chlnj Copper S 4 Coiis-r Hani" .' (5 Cumberland pf. ;tl F.a.t mine 10 Vranklln f:i.4.n Cnn. 115 OranbT Coin l 7 ilreene Can ll llsiH-ock Cnna .. . .IS 53 Indiana . ;-: im in.pn !;;, tl) Lake Copper l'S CI. a Salle... f 115 Maon VallfT ;J 19 Mohawk "S IM North llutte .... ?0S 20 North Lake . . IS -. New Arcadian 2 t . nl.l r.itnn M C 245 Pond Creek .... 21 ;J r. ymni-T Mm ... .1 110 ltar Con H"t I'H Hotary King 1 29 Shsnnon II 140 5outh titah 41 31 19 Superior - :i'. Super Hot S H to TrinltT 4J X. Tunluinr.e -S 11 P Smelt ... . 1 " 111 C S Smelt pf .... S ;s 120 t'tah Ape .. IS IS 11 Ctah Coin S S 1 WoUerine Sf5 Mi.i Klec pt fr war 14 11 IlAII.nOAU STOCKS IB Atchison 10 Ho. Albany 1811 noton El. M llo Maine Pitrhburc Pt 1S Mv Klee : Mas K.lec pf e!a 1: Ne lliven r 71 l'eiina rt 2S 1'iillniin . im Cinon Pae r vve.i Knd pf MISCKI.I.ANKOr." 120 4 m A I Chem . 15 Am At Chem pf 12" Am Pneu 0 Am Pneu iii pf Am ucar S, Am ucar pf .... 204 Am TAT .... II Am Wool pf.. iO Aino-Uoar pf .... ; Kili.on F.Iee 17 lien ITlec 2 lien Klee tr . . I Ma" 111" Mas C,a nf . ... I. Mertenthaler 72 "inlll A Co . . . "i T'irrinrton . ;o Tn-rin;Ttori pf f 1 icte.l Fruit . 20'. Cnlteil Shoe 10 C is Slel Ct'Kll STOCK?, Bar stale Ciai ... . Bohemia Uoton Kit Il'ltte Central Cal.ivera. Chief Con Cnn Anmna Divals lilv Firt Nnlinnal Ilolilflelil Con. .. .. l.a Ito.e Ton. Maji-.le Meviean Mitnl. Nevaiii Iloiula. New Itlltlr Ohio Onei-o .. . Haen Hhoile Island Coil South bake Cn Verde Kitension THE PHILADELPHIA MARKET. UNITED CI0ARS DIVIDEND. Il.lra l-a of 1 I'er Out. la Withheld as Kiiierted. The directors of the United Cigar Stores of America declared the regular Miiarlerly dividend of 1 1 j per cent on the inmmoii sloclt .elerday. ' "lit 11 the declaring of the dividend there was an Impression existing In financial circles that the ratu might be reduced, as Ir w n s evident that the companv s financial report was dlsKpjioliitlng In many ways, At the lime of the declaring of the Initial dividend on the common last .tan unry plus Wj f per cent. It was potnte.l out that the next common dividend would probably be made without the xtta 'j This Is according to the pollov of (leoige I Whelan, president of the company and 'he statement he made when leaving Tor l'urope that It was the company's Inten tion to put' the earnings back Into the propertv and only declare extra dividends when they were warianted COPPER ADVANCE EXPECTED. A Prelaerr Predicts 111 .1. Rleelrolyrlr. 4 4'eula for I'Bt 8t)N was Informed hv one of (he hlc "tia. ! producers last night that another advance 11-H in the price of copper metal was pending, ',, this time to 15S cents a pound While a definite statement was not made It was intimated stronglv that the new price might become eflecllve to-day T'hers have been moat satisfactory sale, at iSJi cent for domestic account and slight ly higher for eiport. and some d reducers have sold themselves pretty well out hence ,4 , the probability of raising quotations another peg 102S 193S 1S !I!S 234 201 204 201 1 s 1 HIS s 4' ' t 1..- Jl Ijl Hi 1.1, I.,, in, us ;-i, 77i, -7S "' 116 1 14 116 1I4S -; ' 4 ' 1 160 14 1CJ IMS CIS 1'IS 1S MS "S ' 'S S-'i 'S is ss r, 4S 2) M 21) J ins ins 114 iii ICS Uf.S H5S 1"S 111S "IS "Pi 7S 7H, 7 7'i ?S MS ?S :i : 2" :i 14t'.i II.' Ill HIS in pi hi nt M "il 'il Si 1 St 4 91 2!S 2HS '-l'S !"' IOCS 1"S b'4 14 2"S .'7S '-'"S :S 24', sss :S 105 14', 14 1I-4 4S 41 V1, MS c c.s s CI.OSINU PRICK Hid Ake.t I ,l .0 2 2S HI 'J 211 2', SS !S 1 7 II IS 76 1) IS 1 15 11 2s -'s ; 2S 2S 2S '-", I i; ii i IS l 5 II I 2 2S 1 t IS .75 71 IS IS 1 17 , 94 1" I S 7 , 4 74 , An Interesting view of the rotJDer metal situation was contributed yesterdsy hv Daniel C. .lackllng of Halt I-ake, who has Just arrived In New York. Mr .tackllnf I general manager of the I'tah Copper Company, Ray Consolidated Copper Com- jS iiany, Chlno Copper Companv and Nevada "S . CfltlSnllllutll (-4l..rt4r Cn.n4.al,' Ih. l..,ll.. ,nt... , inn .rB., 4 44 4. porphyrv mines of the country, which are producing at Ihe ra(e of over SOO.ooo.wk) pound of copper a year Mr .lackllng said "I regard the outlook for copper as very bright, but I hare so considered It for the last two years. Disregarding the month to month fluctuations. It now seem lo me Iih t we are cloae lu present producllon capacllv of th existing mine, and If there I to b anv considerable gain In output during the next few year I fall to see whence It 1 coming The so-called 'porphyrv' copper mines uow- produce, roughly, between i5 per cent, mill so per cent of the copper mined In this country It Is Interesting to consider where copper metal might now bs selling If the pnrnhryles had not been discovered liii4' " ulr" ,wo "' three years to develop and bring a copper mine to the production stage 1 and even If there were now a number of new I and big mines being opened, they would not t shipping until euy lint), During that time the normal Increase in demand, that Is i to fay, the average Increase per year for the last decade, would be sufficient to take I care of the Increased supply . Henry 11 .Merton .V Co 'e mall advices 'J I came to hand during the dav Indicating a most optlmistlo feeling regarding the metal Muiudw, i nr. ii4nru coiismeraDie uuyiug movement In refined copiier in Kurope a well as lu the I'nited States and called at tention to the fact that manufacturer throughout the world continue anxious buyers even on an advancing scale of prices, (lood orders were placed abroad for copper wire, sheets, plates and brass which was natmally reflected In strengthened demands for the metal Itself PUBLIC UTILITIES. I'll it vuh.phh. April 14 The market cloed dull and weak Slocks throughout Ihe earlier hours of trading hud exhibited some strength, though interest in the entlio list was light T here was a small demand lor 1 ehlgh nllev nnd Keystone Telephone Pennsylvania Itailroad Issues ronllnued Ihe most active features of the list, the warrants holding ut 8 uud the Hock around 57'.' to 57', I here was heavy liuvlng of bonds al current prii es T he Minimal v j Open Huh Low- Cloa Sale, in est. est lilt , 19 Am Ola 104 101 104 101 i Am Hi-. lif lutS 101S 10IS 101'-, 24 Cambria Sleel W, 50S MS 4 F.lrc --lor ll.il . . W, 50S 50'v ."OS I t Urn A.ph.iH t i' . .. " I" 2. ;.o Itilerhuro I7S l' l"'i ;S W Inurhoro nt . .. rs tS '', t'S 100 Krv Trl pf .... I7S ''-t C'j 110 Kelmie Til .. . l.'S t-'S l-'v l-'S 17 l.ch Val .. '". Voi; ;q i', 15 w Ulnsh N.iv .... s v vi ii 24 lehicli Nav t c . .. kvs SC, s.S l'S Nor IVnna . !'" 'i'i K, rC7o is Warrant w I, .. f. 11 in 6 ,. ..'. I left Pennsylrania .. . B7 s 10 r.7, 5.S f7S 100 Pelin i Slrrl pf .. , 77 77 77 7: 1 Phila Co.. . It ( 41 41 .", Plnla C eiun pf 41 41 " 4H, .' Phil l Hire . . '.3 2J 21 2. I I' II T ll . .. . 2 28 24 7i 120', lle.ulllll MS 41 -S M I'D Third Ave 34 V. S4 34 0,1.1 Toiinpah . .. . o I 5 11 lo J o 16 5S 1 170 Tonopall Ilel . OS SS 0 7 10 6 7-11! 71 t' (i I 7 V7 H; S5S 3.1.10 C S Sleel t.'S M'a S CO, u, V .1 4 S S .. Ill f,lS l 6I, HONIIS 11000 HihUIn 0.". i)V, 10IS 103'J o.vi Ku (ins fi . o;.s 10-.', 10"S 10,"'S HOiiO lilt Stale 4, 511 (,'( 51 (,'l 26000 Keystone 5s. . !k) ihi d) iw 12IV0 I. V (ien Is US WIS !'(' !M Jim Phlla Co Con fa . Hi', SIS id I'I limo I'lilla Klec 4s v M H hi srien p w n 4i no no im co looo Weill fa.. 91 in 1M Iii yo, (1(10,0(10 Son I'nnln Ilomls aold. ('able advlcih fiom Loudon lepoit that yesterday morning's offering of l l.iiiin.onn 5 per cent, t rou siii i y bonds of the Slate of 4X ,i ri I'liulo by .1 Henry Schroedei it Co, wan n grenl sui'cess Tho siibsci Iploln li-it wns in.-iil on.' Ik. in after Iih open ing, mid ni num. apidiiMlliin wcie ni.idc In pcsini nml (in. I i nil hi police hud tiouliln ti'n'iilallng the crowd of uppllcauls waiting In Ilnti before, the firm's door. I The Duijuesne T.lght Companv. a sub sidiary of the Philadelphia, Company, re cently formed to succeed the Allegheny County Light Company, has taken over nearly all the borough arid township lighting I companies operating In Allegheny county l Included lu the merger aro the follow , Ing electric light properties The Pitts burg City Light and Power Company, Knoivllle Klectrlo Company, Mount Oliver ITecfrlo Light Company, tlm Carrlck Kleo trlo Light Company, llaldwin Township ITectrto Light Company nnd .Mount Lebanon Township Klectrlo Light Company The illreiiors of the Pacific (lis and r.leclrlc Company will meet on April 80 (o delaro a dividend of tl 50 per share on (he preferred capital htock for Ihe quarter ending April SO. The dividend Is payable (o holders of record on April so on May r. The earnings of Ihe Lehigh Valley TYunl( Company show u large increase In the gross for March, being l'0 per cent larger than for March. IUI2, while, (he first three mouths ot this year show an Increase ot about 14 per cent At (he end of the secoud 1 1 oi it 1 1 (lie company had it gross gain of 17HO,ooo, ii nel improvement of II.'IS.ihs), and iho surplus was nearly $ao,isMj larger. The reporl of (he Southern California fins Company, a subsidiary of the Pacific Light and rimer Corporation, for February slates that tho gross earnings for the two months ended l'ebruary 24, mm, were )I7u,uu5, an Increase of M3,:i20 over the same period last year The net, after taxes, was 145,553 and the Hiirplua, after charges, SV.MU'i, or 125,740 moro than for January and February, KM'-'. The grosa earnings for February were 174,804, nn Increase of 1'.m,I75 over the same month In mii, while tlm surplus, after charges, wns 117,130, or $7,.'1B Increase V. V Freeman, general manager of the Alabama Traction, Light nnd Power Com pany, made the statement a few days, ago that when the work now being carried out on Lock Vi on the Coosa lllver together with the si en ni plant nt (ladsden, was completed tho company would have an output of s.'.ooo horsepower, which could be Increased lo ivn.onn, horsepower hy tho addition of extra locks. The electric power then pro duced will supply the need of the lllrmlng. ha ni district for some time to come. Income on Investments A wlsa Investor, In considering Investment. secuttMIaa, will first taJlefy himself as to their soundness. TJnlesta lie It buying for long time Investment he will next matin ur of their niiuketAblllty. The third consideration, ud one which, while of Importance, nhoulil be secondurr to the others, ti the Income. We have prepared a circular which describes several cor poration, abort term, and railroad lecurltlea thai possess the flrat two qualifications Htid that yield Incomes of from 4.65"P to We will he glad to supply this circular lo you If you are Interested. , Ask for Olrculsr'l -ini Guaranty Trust Company of New York HO Broadway Fifth Avenue Branch, 5th Ave. & 43d St. Capital and Surplus Deposits . London Office 33 Lombard St., E. C. $30,000,000 177,000,000 TO THE HOLDERS OF THE First Lien Refunding Five Per Cent Gold Bonds or TIIK KANSAS CITY RAILWAY & LIGHT COMPANY Matartnn May IS, 1911. In e of Hie nppronrliltir maturlu on Ms. ! 4 Via. lit tlirnt, live ini-ii llonril Hands nail of (lie fuel (hfttotherlsriri) Issnesof tionWAnt! nntes serurnl upon luuprrtv of (lie fomiivi ur of .nine uf Its stib.Mlary corporations have insiiirril anil are stiout to inalure, rhe Miilrrliriieil, liohllnit sinl represrnllnir a Inrirr nlu.n.iil of the I IrM I ten Kehmiiliig Hands urrlalu of the i.nilrrltfiicil l)tliiIl,.ommtf r.nfiliei iiinmlilr'rriiri'.cniliiic Ilie t'unipani (!oM Note-, ur of ll.e ('omralttre reprrentlnir Ihe Meliaiiolllan Kltcet llalmnv l'lve JifrCt-iit llulld, anil ni. mii lialreadv familiar with (he tluiatloii of the Couipany's nrTnlr sail properllcai . hrllevr It nf Importance thai the Imlil m of (he lloiids above inriilloiiril .liAll b- In a poittlon for prnmpl and coin-cried arlloti tiffore Ihe date of maturity of these llonits, and. there, fore, have i-ontnitril to act an a committee for the protection of Ihe latrrests of (he holders of Ihe I'lrM I. Ien Itrfunillnr 1 he I'er Ceni Oold llondi, Holders nf these llonds are reinirslril to drpoitlt I li e tr llonits, wllh .Mav 1.1. lui:i, loiipoas nttarhed, on or before MAV 1. 191.1. llli Till'. NT.1V lOUK Tltl'Sr COMI'AXV. :o llroail Slreet. New Vork CHy, as depository under an agreement pro Idlnt fnrsurh deposits itstrit prll.1, IBIS Trankferatils rerllnralmofdepo.lt 111 Ins Uaned therefor Ue polls mar also be made wllh (he OU) COI.O.VY TW'.ST ro.MI'ANV. 17 Court Street. Motion, the acent of the de posltatj- The Committee will collect tuteresl oa thn llonds, If and as paid, and when received will promptly pnv the fame (o ihe hnlilrrs of cer linoatu of dcpotlt reprtM-nllnir Ilie llnnds In respect whereof such pamrnt of loterest shall be nihile. No plan (if iroriianlratlon or of re. flnanrlnc which does not Involve realizing- In cath for the benefit ot the Bondholder the full amount due upon their securities will be undertaken by the Committee until the same shall have been submitted to depositor as provided to ihe deposit agreement. Copies of the deposit agreement may be obtatnrd by application either to the depositary or to ll agent above mentioned. More detailed Information maybe obtained by application lo Ihe Secretary of the Commute e. Haled r ork. April 4, 118. JOHN 11. DF.N'Ma. A COSTA NKTIOLN. .lAMKN.f. HT4IIIHOW, I' IT, si. 44 lltlllTlli, ('4411111111 Irr. C M TItAVIS. Merrciary. : Uroart !4(reet. New ork " lly I1YHNH ill TilIKON, .New York Cltv. Horns. (iitAV a conn am, Iloston Counsel. no tiii: Hoi.nKits or ucrrAi.o. itoi m.siiTt a- I'irTsni'Kr.ii HAII.XAV IIIMI'AM Eqalpraent Irust llonds Series "A" M.NKl.M! KCM) NOT1CT.. Notlee Is herrhy irlven as piovldrd In Article XIII of the Indenture dated May 1, IK'O. seeurlnn (he above bonds, lhat sealed offers villi be re ceived up In Ihiee 1' M on Thursday. .May I. mis, by (he undersigned at Its office. ,o. Ho Hrondway. Xevv orU, for the sale to It as Trusleo at the lowesi prl at which such bonds shall be offered not exceedtnir par and accrued Interest, of sufficient nt ihe above bondi. to exliati.t the sum of S2S.IOI otters should lie sealed and en dorsed Offers for Ihe sale of Iluffalo. Korhcsler Si i'ltlaburtli Hallway Company Hqulpnieni TTust .Series A' lmnili. to ihe Mukluir l'liud. and addressed inihe TKI HI nt:i' VI! IMC.M. (ll'AKA.VrVTHl'.S I' COMPANY OK M'.W OHK. lly A. J. lll'MI'llll.l.. I'roldeiK. April 10. 1U13. PATrimiirr. minifaitikimi (imi pam. Nodce I hereby given (hat Ihlrly-two S2I First Monirage ir.-Y4.41r r4.sliiklng I unil Hold llonds of thrI,alchn1riie Mannfacturlngv'nnirany otlhe fare value of si.dio ear!, numbered as follows- 3. .V 7 . 14. 17. IV. '.".' -'. Jn. 0. ."I .14. ?l, 41. 47. 4S, .Ml, .vi. ;.i. a:. 111. ci 67 o.ui i:''.Mi:-'. i.m, i:ik i:.i. have been dravTii by lot foi ri ileinptloo fiom the sirnunt t.i the crei.lt nf Hie sltil.Irc I'nnil. and will lie paid frr i ll.e rate nt i.ti.ri p.-r lumil with secnied Interest, at i'i nltu-e of tn tiiulrrslinied. ea llroAdway, .Nrw Yrk (Tiy, on the 1st .Uy 4if May. lull, afler whl-ti date vaM (4(iuds vdll icas. to war Interest. COI.CMniA-lt.NiCKITIHOCKllR TI1CST CO . .successor Trustee By Cinontif. I WAHTtr.N Irusi omcer Paled, April V. 1111 1. 10 nil 11111.111.KS ur iin.iioMtsiiF llli ruin ii( (iiin 1 M.111 a rom.it lint MM1 ..in d under anil sei ured hv a Irust Herd front that I'omiianv (11 Th merlran Iru.f Hint Nav-lnic llsnk and I'rsnls II. .Inne.. Irustees, ilateil . 1 11 1 v I, IHI1I, securlna nn Issue nf IM41 llunilred Ihousanil Dollar 'illll.llllll. nil' of nrst mnrlsase. lite per 1 enl. sold lionds nf llin I'nrt llurnn I.Uht A I'ower Cinini 1 .NOITCi: is llKltl'.llV isivkN. under sod la ac cordance wllh the terms of the bonds Issued under and fetirril by s.ild'l nisi Deed, and under and In iti-i'iirilttui-e ivtth tlm terms nf said 'I rust Deed, hat the I'm t Huron l.lirlit fc Cower ('miipsnv will ii-ilieui and pav on .Hilv I4 IRIS, al the nftlce nt ihe I oiitliii tital and riiinim rrlal 'I rust and .sav liiifs Hunk. In tin- 1 Hy ..f i-nlrnirn, Illinois, all nf (He llonds Is.iini anil iiuisi.inillnc under, and se rmiil b, said T rnt lu ed, lu Hie payment of Ihe pitrn lp.il itii iri4f. and nil Inlitist due ihereon. on .Hilv 1, 1111:1, luclhi'i V.I1I1 a pii 111I11111 of five per lent (.Vol upon the principal there4if, upon pres entation mnl sum bin r of .aid bonds, w Iih all un- inainreii (-otipi4us ntr.irtieii thereto, 'I his notice Is given at the request of and nn behalf of s.al.1 Company In pursuance of Itesolu Hons ilulj adiipied liy (he Hoard nf fllrerlnrs of said Cntnpanv Haled. CliUntio, Illinois, Marrh 34th. IBIS. I COM INT'.NTAI. AM) COMMKRCIAl.THUST VNII .SAVINds H NK. (I'orn erli named I he An erlcan Trust and savlnus llanki, 'trse'e- nnSer RAM Mortccie. 'lo Uie Holders al Ihe I'lrst Mnrlsase Nerlsl . Colli llunils nf the Indian Iteflnlns 1 npipsnv: .Nollie Is hereby given (hat Ihe Hsnkrrs Trust c nmpany, as surce.sor Trusiee of a mortgage laird March L'7. mil made by the Indian lleflnlac . oiiiiaii to '1 he Mrreadtll- Trusi Cnnipan)- as Trustee, will trirlve sealol proposals for ihe sai toll, on Mm r,. mi:i, s.r bonds si-cured hv said mort gage, sufficient In amount to eihaust Ihe sum 41I Vll..,.v. ut u ii,,. s,iniin2 I'uiid atrounl. al a prlre 1101 emredlng one hundred and two per erntuni II0V",,! of the principal, and accrued Interest, of Midi bonds, us pi ov Med In Aitlcle V. of said iniirl gage IIA.Ki:itH llll'ST 4'OMPANT. Nut ressor-1 ruslee. Hated New York April 1. ISI4 KT.KCTIONS ASXt MRKTINOS. TO Till: MTOCKIlnl.nF.llr4 OK Tiir.4'.i-4.MAiti:ANHlli'n.soM:ojirANV. Notice la hereby given that theANNt'ALMnni' IMi nf thr. stockholders of THK nni.AW,lli: AM) llCDHON COMPANY' w III be held st the of nee of the Company. .No. s; Nassau street. In (lie lloiougti nf Manhatinn, Cltv nf .New Yolk nn TI'KSIIAY. MAY 13. 11113. at (welve o'rlock noon for the elentlon of (he Managers of (he corpora (Ion for (he ensuing ear and for such olher busi ness as may properly. come before the meeting The polls will open at twelve o'clock noon and remain open for at least one hour. The (ransfer books of (he Company will be closed from one o'clock I'. M.. on Saturday, May s, 1013, until the morning of Wednesday. Maj 14, 1813. by order of lbs Board of Msnsg ere. r. m. ocrrnANT. Seersisry. .New York, April 1, ISIS. OFFICTC OF THK LAKE ftHORE AND M1CUIOAN gOUTIlEH.V RAI1.WAT CO. Cleveland, Ohio, April 7. 1P1S. NOTICB IS HEREBY OIYtN thai the Annual Meeting of the .Stockholders of The Lake Mhnie and Michigan Southern Hallway Company will be held at ihe office of ihe Company, In the city of Cleveland, Ohio. on Ihe Ilrst wednrsdav ibelng the 7th day of .May, 1H13. a( 10 o'clock A M , fur (he purpose of electing Directors, and also for tne purpose of lonsldcrlng and approving or rejecting a contrac( for (he Tease to this Company of Ihe railroad and properlv of The Lake Krle Alliance and Wheeling Itailroad Company for rhe term of ih" corporate eilstence of said Com pany, anil any extensions or renewals thereof and also for the transaction of such oihrr business as may be brought before (he meednc The Poll will ronrlnue open for one hour lliereaffer i Hy order of the Hoard of fllrerlnrs. IiU'KlHT I'UIWT Secretary KMMKi: I'll Y Nt 1144 A V COMPANY l.tmlleili. is Dcy .street New- York, April 7lh. IPl.t TO THK STOCKllOl.tll'.ll.s- Nollce Is hereby riven that (he annual nieeilne of (he s(ockholders of ihe I'mplre Cltj Subwav Comnanv (l.tmlleili villi be helil at Ihe nrlnclnsl j ntllce of ihe Company. No I6l)ty sticrl. Ilnrnugh , of Manhattan lne ( lly of New- Ymk. N Y nn Tuesday ihe xd day of April. Ii:i. si I.' n' clock noon, for Ihe election nf nie dlicctnts and iluee I Inspectors ot cli-cilon. and Hie iransartlon nf Mich oihrr business s mav then prnpeily cnnie 1 before the stockholders Ar this mpetlnc n ptoposlltnu to anirnd the Hy-tJliis win be ub milted Yntits truly. UAI.'l'nt IllinWX. Seer.-iari iiivinr.Misi anp intf.rt. notici: to noii)KitH or California Northwestern Railway Company riltST MOKTCAOi: IIOMIN. Ignati iStdnhin, Trustee under the man gase or Deeil of Trust of th I'silforiila Northwenitern )Ulla i'oinpan.i, ilatnl March 1 7 1 Ii. tint, In accordance w It Ji tbi terms and proll44nH of articles of sslil l)eet of Trust berub) Invites propossls for Ills sals to l.lm on Mai 1st lum. ut Ills office. Sutler and Sansome iStreeis. In the Cllv of San 1'r.iiii-lsi'o, of homls s4i-m4l o silil I4-d of Trust wi h ra'e not eliei.tlliik' pur ant ten per .rn-uin preniluin, tu sin n amount, with -lie premium, as tlijil no' i- ceeil II, 0311 IS lly KiVATZ fiTKINHAHT. Trustee To Hnlilrrs of Mest India liiiproieinenl iiiiiiiint First Vlnrticsgr l our I'er I'rnl. Ien lent Ilomls sedired Ii) iiiortKaite lo en I rul Irust I'iiiiiiwiit r .New iorL as Irilsiee. iluleil seplelllber I INMIl A rlictilai Idler under dale or March s 1013, was pirpared by Ihe undersigned h liusire anil sent lo all known Ii4iiiiliulili-rs If this i-lrrular letter has uoi been it-i-i-lvt-d b any b4iiiilholiler the s.vuie can be nbtaliit-d hi application nt the office of the underslgniil No .14 Wall Mirri .New- York ClU CIl.YlltAI. TM'.NT CUMPVNY OI" NI'VV YOIIK. UNITED FRUIT COMPANY IMVIIIKMI NO. nr.. A quarterly dividend of two per rent en the capital stock of lids Compani has been dri-lat'l payable April l.llh. IUI3. al the office nf thr Treas urer, 131 Stale Street Huston, Mas. io st4(rk hnlders of lecord at the close nf business Me.irh :s, 1013. CHAHI.t'S A It"nn,n). .Treasurer. 1111. okkut: or CONSOI,II4 I ION (OAI. (IMtrVNV. Halllmnu-. Mil . llll 7th. 1014 Ihe Hoard of llltectius has declared Ihe legu lar quarterly dividend of one and one. half per em il'bi on lis i aiilial Slock, pavablc April Wllh. 101.1. in ihe Stockholders nf iec4iid al ihe rinse nf business Apill ?3ni. luili- Ihe Iransfer bonks will remain open Divi dend checks will Ie mailed I' K STI AI1I' Uslstaut Tiensurer. I'uith Mamie 41 ore Than $1,00(1,0(11). NiiiiliiHTiivvN, I'ii., April 14 Charles K. I'iikIi, icllnil Hi hi vlne-preHliletil nf tlm I finiH Iviintii llalliuail, left an eatnto sulii to b worth more than 411,000,900, INCREASES IN PIG IRON RATES. I'oiMiuert-i 4'4Miimlasloii sllon-a llenil Josliuenls In thr W'mI, 'AS(((N-nTON, A in II 1 4. - -The lnlerslat" Commerce t'oiumW-'loii liamleil ilovvn n de cision In-il.iy re.iilJiistlnK frelKlit rates nil plK linn fiuni imlntM In Minnesota, Wis inns I n n ml the nintlioin peiiliisula nf MIchlKan to Kansas I'lly. nnialin imU uiljacent markets. Tlm roniltllsslnti ul Iiivvn liicicases fiom the noitlierri furnacia to Mlssontl rato tenltniy AnioiiB otlieiB, tlm cninmlsslon permits Iticienses n plK linn from Pulutli, Asli laiid, Wis., nnd Manlatiniiie, ('Imcnlay, Newberry, Mariiui tte mnl Gladstone, Mich., to Omaha fiom 3M to $3.ns a ton, and to Kansas Cltv of 3 08 to a ton. Tho can lei h proposed a leailjlislnietil InvolvliiK 1!"9 Increased, til leduced unci 133 unchniiKi-d rates. The commission derides It ennnnt li controlled hy or haso Its acllrm on n con tract between a currier nnd u shipper Thn commission suspended, pending In vesication, the pmpuseil advances aver. HKlnc fi cents 100 pounds In freight tates nu wheat and corn In carload lots from Omaha, and other Missouri Itlver points to Wisconsin points. Tariffs wcie suspended liy the coinmls tlnn penrllnB Investigation of rallroada proposlnR to cancel thiniinh joint rates ni4 wnnl i. nil mnhiill flnm nolnts In Oreiroiii I Wnshlneton nnd Iduhn to Chicago, N'evv York, Uoston und other points. .1(1, U S KVlSCIt a- CO. A regular qiiailcrly dividend nf One and Ihiee rn44ri4,rs n,-r c-ril il".. ' tuiiili Hie I'lrst Pre- 1 frrri-U Stud, and nf One and ihree-nunriers per 1 cint (IW upon Ilie Si-cnlld Prefi-trcd Slni-k ot .11 1.1 IN KWSCIt A CO has In en declared, pavnblr Mav 1, 1013. lo the holders nf record ot such sinck nl ihe rinse of business on prll '.'1. lull Dividend checks will be fnrnnrdeil by (iuaranly Trust Company of .New ork I'liVWX S II Writ. Treasurer Till! 7'.4N4.II A IO FOWI'.H A .Nil ni.l'.l - niir 1'om'i.M', Ilagcrmaii Hulldlng Colorailo Spilngs. Colnradn I'referrid Dividend .No. Iii. A dividend of one mid one-half per ceni l upon Ihe preferred stock of (Ids company has tieen declared payable May 1. 10IK. in stock holders of rriord oti the books of Ihe company an that dale Ihe iransfer books wilt be closed on April 17 HM1. and reoiieni-il on May 1013 l.llo.N'Altl) I-: ('CUTIS, Treasurer IKK 44 11,1,1 S-OVKIII.A Nil COMPANV IOI.KIIO, OHIO. April 11th, 1013 At a men lug of (he Hoard of Directors held this day, Iho regular ouarterlv dividend of tis. wns declared on Ihe Common block of The Wilt) s Oveiland Companv, pav able May Isl lo slock, holders uf retard s( (he close of business on April Jlsi lt()v,AI. It, SCOTT. Secretary COI'AltTNKKSIUI' NOTICES. (TIAItl.KS A, FltANK A CO. IIA.NKIIHH AND IinOKIJItS Members New York Htock Kichsnge, IS Ilroadway, N V llerewlih we beg (o announce (hat (he lnterel that Mr. I.uclus I' Mallby :nd hart In our firm ceases as of Ihlv date April Uth. 101J IICSINESH orrORTDNITIF-s). li,mo WANTIII) for part InicrcM In bssle palenls Just Issued rnicrlng the econiinito inanu Incline of a niaililue altai-liu.ent used unlvri s.ilt lu the textile Industries: Inlc-tut should be familiar Willi n-anufariure of iiiarhliiery and be pii pari-d lo I nnnie a laige i-ompanv hlghesi cicdcniliils given and expecicd PIIKSSI'I) Ml "I A I., box Hi Sun nffice llearlnir on Onr 4'eiil Toslace. Wahiiinoton. April II -I'ostmHSlei-(lenei.ll Hlirlcsnu held ll l-iinfi'l cncc In. (lay Willi (iniicli. nf Ihe Nation.)) One Ceni Leller I'uhIhri' AHFOcUtlnti (in thn siilijecl nf icdiicliiR the lair- on llrfl (last mall to nun cent. No definite conclusion ,Y!ia leache. i