Newspaper Page Text
THURSDAY, AUGUST 14, 1913.
NARROW CHANGES IN '
THE COTTON MARKET
nlmnat h third of the Important corn
louritlrs Indicate, Unit, If Inter leports nr.!
in miih win tliono already iccelved It In 1
quite Imsidhle (ho loan III i.'iirii bIiicu ,
AiiKiiM 1 may hiivo reached the, ann.nnn.. I
000 bushels intimated liv Know Itellirtis I
I Ifllllfll tn lll.'il lh emulltlnit In Itiillntin I
' ' ilropped Id point, Illinois IB, lown 13 ntul
Missouri 20. Returns from Kiiiisiih uiiiI
CIOSPS 3 t( Points Lower 011 f;t,"llli aeHtteted but milllclent to
v' , "how tlm t Kiitiwi la out of the. Hold ns n
corn nioducor this year unit Unit thu
(fiMiits of Itain in the
WMt.-ni UHt. !
LITTI.K THAI) I. NO IS DONE
Liverpool Causes Knll
in Prices There.
Cotton price movement yesterday were
rariovv ami the market moved In nn lr
regular, sdUKRlah mnnner throughout the
KM.mi. Offlel.it nnd prlvute reports In
d .itct the breaking of the drought In
sune ff'tlotia of Texas nnd Oklahoma,
h it di'spile this development the market
uffered ery little from pressure. At the
fi I of the session new crop prices were
f-n.n 1 In il points lower, but the easier
to e of 'he market was mainly due to the
(i tint the earlier covering of shorts
r, ncil practically till of the demand. At
i few of the points 111 Texas and Okla
1 . the rainfall was substantial enough
t )i of beiiefl: to the crop, hut there
f 11 em.iln many parts In both States
i li are in Id to be badly In need of
T ie fiui.se of thu Liverpool mnrket
j - dlsr.ptio'ntlnr: and exercised soine
t'. i-s of a depressing Inlluencc at the
c:.,-..H3 hue. Initial new crop prices
J to 1 points lower on the cables
Nebraska com crop Is small except In thu
.1. 8. Uache ft Co. Imvo received n wlrn
fiom Kansas City stating that the tun
petnturiH mcr Missouri, Kansas nn.f
Oklahoma range from 100 to 110 degrees.
In Kansas City It lit 103 with no rain In
A Iosh of !S2,0OO.noo bushels of corn In
leven tmrplUM States from lust year's crop
Is shown In the report of (leorge W.
I'hilllps. Of this loss 321,000,000 bushels
has been for the last four days.
4IV'. I!', 4P,
JV' 4t 41V
47-U 17V. 4KU
new iorK wnent prices:
Open- Hiiti- Low.
lliir. est. rot.
September. . .. WV Ms. M
December 95V 7 STS
November , .
Other wheat markets;
The Farmers' Loan and Trust Company,
Nob. 16, 18, 20 & 22 William Street
Branch Office, 475 Fifth Avenue,
imdoh H a PAMS-41 B",mrf
TrftTelen' Letten of Credit. Foreign Eiohange.
Dili u.t h
ltecclpts unit exports.
I nn eloe
FINANCIAL AND ENQINEERINQ REPORTS
VALUATIONS OF RAILROADS AND PUBLIC UTILITIES
. IIS BROADWAY, NEW YORK
NEW ORLEANS SAN FRANCISCO
ern ;ioli ts;
Dill ill h
,ng Continental liquidation In the " !!'" !ii?-.r
V.- a .sh market, which was unfavorably , ir(eliitt-lnterior
"ed tiy Tuesdays reports of ran In : K pons -Seaboard
' ir Western belt. The doubtful effect of Wheat receipts
f'C I itht r.iln reported In the early
vi'i''ti news caused a fair demand from
the shorts 'and the market advanced
si i;litly above the previous closing level.
Commission house operations embraced
moderate buying In the early trading and
nninly 'or selling account In the early
afternoon A local spot house, which has
bee'i a prominent new crop purchaser
situe the beginning of the week, was nttuln
r ed.ted with taking a considerable part
At Ardniore, Muskogee nnd Mo.Vlester,
o:.i.i . there was rulnfall ranging from .01!
to .I'd of an Inch. In Texas a fall of Ai
bus lecoided at Oalvexton ; Taylor, 22;
1'alf'tlne. .02, Valley Junction, .SO, Alice,
.40; Kerrvllle, .10; Columbus, ,10: Pierce,
1. anil Cuero, .55, Temperatures In
Tevas rnnscd from 1I0 to 10J degrees,
ahlle Oklahoma had maximum tempera
tuies ranging from 101 to 109 degrees.
Spot cotton was quiet and unchanged.
Middling uplands, lZc: middling Oulf,
i; 25c Spot cotton In the principal
Southern markets was generally un
changed. Galveston, lt-ie. ; New Orleans,
M'sO. . Houston. lljc; Memphis, 11c.
Savannah. lls;c.: Norfolk, 1 1 c. :
Augusta, Sc.; St. Louis, 12c.
Futures here rloed unchaneed to six
points lower. I'flres were:
Corn Osl s I
127.000 :,oon ltt.ooo
:"0.w i.ooo . i
I.VIl.Om) .165.000 I.4C.O0O
W.'.noi J.ow I
it leading Northwest- i
flltl.ADKI.IMIl A HANK HTATKMKNT.
I'llll.ADKI.rillA HANK NTATBMKNT.
Cash iirirkets were stendv. Cash nrlces i
follow: Wheat Nn. 1 Noithern spring
to arrive f. o. b, 8'ic : No. 1 Northein
at Minneapolis, STiC ; No. 2 red wlnt-r
to arrive f u. h, '.i.c ; No. 2 hard f. o. b.
to arrive. fii,e ; No 1 Manitoba f. o. h
to arrive, J 1.03 .. Corn No. 2 yellow,
c. I, f rail. 81i,o. : export f. o. b Sic
Oats No. 2 white. 4 ; No. 3 white,
4fiiiH,-jc. ; standards, 4."'.,, f 4f,o Itye
No. 2 Western c, I. f New York. 4S'ai!.
Tlarley Malting r, I. f. Murrain, iU(!2c.
Klour was steady, rinur prices follow:
Spring patents. ft 70'rf r..2.1 ; winter
riiuihiiin. 1..l l f 1.1V i l.ll KiraimilS,
In sacks, M.20(U 1 1.30.
Philadelphia. August 9, 191.L
THE CURB MARKET.
10. f 9
The New Oi leans market was steady
after the closing here. 1'rlces thHre were:
Oiwn lllih- Low- CIos- Prev,
ent et. ins:. -los.
11.49 11.4' 11.4.. II lit
ll.0,l n.O: 11.04 11
11 07 11.00 11.01 1 I
ll.K 11.00 II 01 .4
The T.ivi "pool market was heavy
cotton was sternly, with middling 1
'uglier at Mid Kstlmatid sales,
Prices at Liverpool were'
Open. Iliih- Low- Clo.
mr est est. Hi
All! Sep!.. C.UJ 1,0!) 6C.-.1, fi.OTij
(M.-Sov . 8. tea, l.Wt ., 01 CM
I it .Jan. . s.wi3 5 !if li.t-a i.tt
11 A. M. bids to Liverpool were;
gust, 11.58; October, 11.03; January,
10 S5. The market there Is due to open
to-day l'i to 2 points lower.
Port receipts and stocks were:
Re- La -I Nhln-
eelpts. year, menta. Stocks
Oalvesion.. . I.I09
Savannah. .. 38:
fharleton, ,. 4
Wilmlnpton, , 1
shipments und stocks
A uin ma ,
Si Lniut .,
Little Ko. U,
Re. Laat Ship-
eipta' year, menta. Stocks
4.783 4.H79 4.021 i"l,lSS
33 l.'. I I.-..SS7
1?J :i l.ill
171 773 4.031
Estimated port Last
receipt to.duy. week
".000 to :,600 -,2t
100 to iv)
THE GRAIN MARKETS.
Corn Closes lliKhrr, With the Cash
Com scored gains of to c. yester
"1s after early losses on rain news frtim
the hell. The market was slightly higher
it the opening, but on weather loports and
on pndlctlons of additional rains thero
net., recesilons of 'a to vsc. Prices
hatdmd later when thero was heavy
commission house buying for large Inter
ests Country offering were large but
'hero was a stronar cash situation. Tho
factor of stiength was the prospect of aj
Meld of 450,000,000 bushels below that of J
151.. owing to drought damage.
heat was steady at the start, but
prices broke to Vic. on Increased offer
ings and on large receipts. Later the mar
ket steadied and prices rose from H to
"c, mnuenced to some extent by tho
The outside securities market was en
erally stiong and some of the secuiitlesl
showed substantial gains. There was I
very little actUlty during the tlrst hour
nnd prices as 11 rule receded fractlonnllv.
but a better tone developed III the mlddli)
of tho morning session and prices recnv- j
ered. il renter strength developed during
rnexpectcd strength was manifest In
l'nlted Cigar Sturm common. This tie
eurlty opened 1 point above the last clos. ,
ing price und was quoted l'j points,
higher still at the close of the session.
The closing was S'.i, i.j under the high
price for the day, with sabs of 3,nnn
Standard (HI of New Jersey wnv up 3
points, closing at 375, and most of the
other leading securities on the Industrial
list gained fractionally Mrltlsh-Amerlcan
Tobacco was an exct ptliut, closing 'j un
der the last closing and 'V, iniib'r the high
price for the sisslim.
Dealings In tailroad securities weie
contlucil to the New Yoik. New Haven
and Hartford rights, which closed 1-lf,
under the last closing with fair selling.
The Nw Haven debenture Is, when Is
sued, were the feature of the bond list
again estenlay There weie I4."n.0('0
traded In at prices from lufiii to lOTLj.
The closing quotation was 10" '1, which
Is it under th l:it c'oslng price.
The only other sales In the bond list
were ? 12,000 .Mason Valley 'Is nt the un
changed price of 5 and $2,000 of the
Brooklyn Rapid Transit 5 per cent, notes
nt the unchanged price of 051',.
The mining list was irregular with fair '
selling. Alaska Gold Mines closed ,i
under the last closing. Arizona Belmont
closed nt 27, -the same as Tuesday's final
quotation, with 25,000 shnres traded In,
Transactions in detail In the market
yesterday were as follows:
Open, lllrh- Ln- rio.
iVM ArU Belmont
3800 Almka Onl.l Mines
400 '11-aver Cons
400 "fallen Copper. . ,
4100 Ills- Four
800 Bntlsh-Am Tub
S00 British Col Cop . .
M0 Butte New Yor'i..
100 Continental Can.,,
1M0 Can Gold-Silver. .
100 Davis-Daly Cop.
1600 i:iy Con
1000 Olroux Mln . ,
1T-1 noldHeld Cons .,
l.vi Kerr Lake.
:tfl Marwell Motors
Loans and Discount . $34,616,836.18
Due from Banks 7,156,307.66
Exchanges (or Clear n
House . 839,037.34
Cash and Reserve . . 9,666,887.17
Capital Stock . $3,000,000.00
Surplus and Net Profits 6,867,740.30
R. J. CLARK, Cashier.
GOSSIP OF WAIL STREET.
n IrrrKiilne elii,
The feature of feverishii"ss and Inegu
l.tntv prsitil'd by the stock market yes
terday encoutngtd the Idea that n sharp
nni turn of thne or four Kilnts as at
hand. From the floor the ptofesslonals
ripuitxt that the market lookid very
sloppy und commission house manage! s
n tailed the ltiforiii.it Ion to their clients.
It was di elareil that the tcehnlcul w
sltlou 1 bad undoubtedly breti gnatly
wiakennl by a falily comprehensive
roundup of the shorts this week In the
big Hading which 1" gnu 011 Moirlny and
co.itlnued up to jesterday. Therefore a
0 Haiti ho'.lowni s s' to the markit was to
be expelled, A miction at the p; si nt
time uould ! a most popular oceuir nce
PAR VAIjUB OF STOCK OF TFTR
SOUTHERN PACIFIC COMPANY
nEPnERENTKI) BY CKHTIKICATItH OK JN'TEHEHT IHHl'Kt) BY Till: CKNTrtAI. TltCHT COMPAVT 0
HEW YOItK. T"m.'HTEE, I'NDKE Tftn r'INAIi DECKKK, V.VI'fnO .TI'NE :m, 101.1, OF Till: DHT1.:C7
COtllT OK THE I'NJTr.I) HTATE8 KOIl THE DISlltlCT OK t'TAII IN Til E HCIT OK
UNITED STATES OK AMEItlUA vs. UNION PACIFIC. It. H. CO., rl at.
To Stockholders (Common and Preferred) of the
UNION PACIFIC RAILROAD COMPANY:
SupplcmentlnK tho circular1 of the tmdciniijncd Companies dnted July 11. 191H, offering to storkholden
rcRistorcij on tho books of the Union Pacific Railroad Company at the cIoho of liiisiiiesn on August 7, 101.1, tho right
to Hiitwc.rlbe (to tho extent of twenty-seven per cent, of their holdings of Union Pacific Mtock, preferred or common)
to Certificates of Interest In 883,578 share of tho capital Mock of the Southern Pacific Company, not lea is hereby
given m follows:
The date on which the right of subscription will terminate (hereinafter called the "subscription
date") is September 2, 1913.
The price of subscription is $92. for each share represented by such Certificates of Interest,
payable in full on or before the subscription date, or, at the option of the subscriber, in two instal
ments, viz. : $25 per share on or before the subscription date, and the balance (i. c, $67), with interest
thereon at the rate of 6 per cent, per annum to the date of payment, on or before the second day
of September, 1914.
The said price of Rutwcriplion Is equivalent, as of tho subscription date, to NH per share mid accniotl
dividend., since the Cortlflcatoi of Interest offered for sub-criptlon will represent, as of the subscript ion date, in
addition to the stock, tho two quarterly dividends thereon payable April I and July I, Hil.'i, of per cent, each,
which have boon collected and are now held by the Trustee, as woll as the portion of the dividend for tho current
quarter which will have accrued on the subscription date.
The Subscription Warrants issued by tho undersigned Companies, evidencing tho subscription rigid, must
be surrendered by the stockholders or by the persons to whom the Wurrnrits have been assigned, with tlm ntib
scription form ondorsevl thereon duly executed, on or before the subscript ion date, either tn New York at the oflien
of thoTrusteo, the Central Trust Company of New York, 51 Wall Streot, or in I union ut (lie olllce of Messrs. Ilurini'
Bros. ,t Co., Ltd., 8 llishottsgato, K. C, accompanied in either case by payment of the llr.st instalment, orof the full
amount, of the subscription price, as the Hiibscriber shall elect, and all Subscription Warrants not so surrendered,
with such payment on or before the subscript ion date shall bo void and of no value. Checks or drafts iti
payment of subscriptions must be drawn either in favor of the Central Trust Company of New
York in New York funds, or in favor of Messrs. Baring Bros. & Co., Ltd., in London funds at the
rate of exchange as fixed by them.
Said Trustee, directly or through Messrs. Baring Bros. A Co. Ltd., ns it-? agents in London, will, on surrender
of the Warrants and on payment of tho first instalment, issuo Subscript ioe Keceipls which will be transferable
by assignment, and will ulso, upon full payment and surrender of tho Warrants or Subscription Receipts, jm the case
may be, issuo Certificates of Interest registered in the names ol the purchasers. To tho-e making full payment
in london, Messrs. Baring Bros. A Co., Ltd.. as agents for the Trustee, will in the first instance deliver temporary
receipts, exchangeable, freo of expense to the holder, for Certificates of Interest as and when received from tho
Trustee. Subscription Iteceipts and Certificates of Interest dolivered in IjoikIoii will bear the Kuglish stamp. The
Certificates of Interest and Subscription Receipts will be in the form appended to t lie above mentioned Final Decree
or June 30, 10IM.
No affidavit is required to be signed as a condition of subscribing. There is no restraint upon
the acquisition or subsequent holding of Certificates of Interest by stockholders of the Union Pacific
Railroad Company. The affidavit as to non-ownership of Union Pacific stock is not required to be
filed until Certificates of Interest are presented for exchange into shares of stock of the Southern
Pacific Company deposited with the Trustee, and as a condition to such exchange, or as a condition
to obtaining a proxy to vote at stockholders' meetings of the Southern Pacific Company.
fluted llgtist 11, 101.1.
1'XIOX PACIFIC UAI!.UOAI COMPAXY,
OKKGOX SHOUT LIXF, KAII.KOAD COM! XY.
By riiKDKittc V. S. CllOMlY,
pioportioiin that the itoi Is lonilm; rial
ulth i wry Indication Unit .1 pteintiim will
tie demanded for Its use The p.iyniiiit
of a premium would prolinlily wipe out
the protlt of those who are eiideaxorlnic j
to ".irliltrnut " lietwren the stock and I
the ci rllflcates A demand for the rights I
Ii.ik also come from Imestors who have ,
Im-mii walling to buy Southern l'ncltlc ns (
mjoii r the succoioi of the underwrltlnff
syndicate was 1 ptiilillshrd.
The Ills,- In s,.,.. I
THE BOSTON MARKET.
HostoX. Auk. i:i -Tiaditiif continued
hro.nl nnd fall ly sternly. The tone was
Irreculai, stocks In Kemiul malum; ad
vanci s dm liii; the inorniiiK. only to re
cede In the afternoon d"alliu;s. Ilutte
and Supi rlor was n weak feature On
nctlxe iliallnns It di-cllmsl to 2S,. off I
Alaska riold. Aiiieilean Zinc and t'nitul
Stall's .s'lmltliu; weie all steady nnd In
Hood ikniiiul Island I'leek Coal pre-fi-rtid
advanced I to sr.. Of the coppers
North Ilutte whs the only, active issue.
Plenty of aiKUinents are supplied to j elosini? ulth a fiact'.ima! Kalh. On ver
prove that the recent advance In Steel 1 light transactions .Ulou.-z advanced r,
common has not had a decent leg to Calumet and Hechi and Centennial I'd.
stand on. The position of the corpora- In the Industrial list Mussachusi tts (lav
tion In tin- dissolution suit. It Is p.. lilted 1 preferred advanced 1. while flitted l-'tult
out Is i ,ietly the same lis It was two ' drcppul .1 point to 1;i it the close A
or sl months nun. Trade advices have 1 10 share lot of Nrw ll'iqlind Cotton Yarn
Income incriasliiKly unfiivorahle. sti ! preferri d sold at .1 train of '.1 fiom
prevloui sji,. July The common Is
quoted 30 hid, uK'iuist previous sal" at
SO. made almost tun months ai;o. t'nlon
A law compaii or peopi,. nave pro- .,, - mlRhl hnVt. ll(,,. ,.uap Uleh tt,
f.ss. d tliem-Hlves as waltliiK for not.i- , , Iirum.u.,. buy, rs. hut at a lev. 1 1'.
Ilic, il thnti a ihanci to et in on a : ,K)lMlH ,K,r t mor likely to en
die, lit setback, oth.-i- would welcome It ,.lUlaK ,s i,v p.ople who already own
on the mound that the short Interest lt N,-v erthi li s. tin- Incontestable fact
iieiueu recrumnn. . lencnon woun; r,.at, that th.re has b.-.n enormous
perhaps be especially tmpular with th-. lllMn(. f s(, C(,mm,m ,v some one
room trad.'i.s who have been cruelly bled 1 i.uv hit; suflleli nt to lift JuoO.iiou.nOO of
on the ilse. Olio should not he surprised ......i, f.m ., lir(, ., n- , , ,
perhaps undr tlnte conditions that Woll
Strut saw in this tlrst session of ineKii
larlty for some time what It thought
wile signs of a long hoped for unction,
The HnllroHils mill Hie Corn Crop.
two mouths. Short covering mav h.i '
had .something to do with tills rise, but J
no one dreams of attributing the ml
Mince to that cause ntotiv A notable !
change of attitude toward tin- stock
thiiefoie 11 mains to be exi.lal'ie 1. It Is,
A rematk freuuently heard Is that the ''"'T' "J "IT? ",p V'f I
imritwirnh 1. lit lien f the ill! miiir.. itnii.. ' one i iiuniieii h nuiui nick ill ini
to the corn crop hits not leen adequately
l'.iilllc lights weie active and stiong. ad
vanelfg 'J4c to 70c New Haven rights
continued active: The summary
iia Uuh ("n.
tp' m TAT ml Is ..,
llrtl C II i V) jt t S -.1 -.1 ..I
.'. Kw C 11 A (. rer 'if , si', si , ,i ,
1'nidO I'nml Crfek f 1'"' , Vr- , ' . "
lv I'm Fruit IV 1.IJJ 'i.T. s , 11
c- Am Ac ('hem li.', 1' j i' , i- t
111 Am At Client pf M'j !l 1,
w Am rnii pi .t
1 Am suirir . . Ill
?.v Mnir Motors :d pf
4.10 Manhat Trans .
sooo N Y N II & 1! rl
300 NIplMlnr Mines
1000 'Neriula Ililli, , .
?M PuebU SIR...
100 Stand Od of S J..
(00 Tob Pro.lf pf
3000 Ton Merrer
3010 ttnl Clar Storeii .
100 U 9 I.t & Heat.. .
1M Weit End Exlen.,
MH1 Wot End Con
IWH B ft T SI note.,.. M(i
lidOi) Muslin Valley '.
hit est. (. ill.-.
. 37 31 NS
i 1 IS'i lfc', 19',
. : 51 :s so
6', 6, (,',
. 39 3 3d
.. :4 :-j
. '4 ' 'i '.
.35 n M
":"m :"i-i6 : i-i6 : T-ic
. :. i
is n, t'i p.
i; is is is
3 r i .n, ss na
Pj .1 11, :,
t. r, 1; 31 31
10 104, 104 101,
1H IS IS IS
. : M ss J4 S
.! s s' f'i
,, S!i 1 M 91
, js :'i v'i
,.s;o r,t s;o sts
,,1 11-16 1 11-ie is is
,. 1S MS 'i 7S
,, Tl 7i 73
,. 'i S1H S7 s
,. 7'; 7i 7i 7
. 5 e &
leflected in the stock market. Twenty
urs ago sui h a redutlou In the esti
mates of the yield of Kansas, for Instance,
would ptobahly have occasioned talk of
the mlseiable prospects of the roads tra
versing that tterritory and n corn crop
failure would have been hailed ns a
leasun for expecting the bankruptcy of all
the grange! toads. Hut things have
changed 1 tiorniously since the days when
the granger roads depended almost en- '
tirely 011 the rorn crop for their tralllc,
The diversity of the business done by
tin m now Is such that even 11 complete,
corn ciop fulluie would not he a din
aster nt all Morcovei, the agi icultuial 1
map of the country has changed raillculls
in the two past decades. In the State
of Kansas alone th-ie are five distinct
plateaus, every one of which Is plaptid
to dlfftrcnt crops. Similar changes have
occurrid elsewhere. Ilamiige to the corn
crop this season may amount to as much
as -tOO.nou.QOU bush' Is. as stated. Hut
with the amount of corn left over from
last year's record breal Ing crop It Is de.
dared that It will he Impossible to trace
the effect of this season's reduced yield
upon tailroad earnings with a inlctnscopc.
iglnatlon as to the favorablo posslblll-
tlis contained In the future of Sted. Tin
possibilities dwelt on have Imii ih" most
unfavorible ones, a drastlu s-'giegatlon
Invnlvlnii even the subsidiary lompnnlis
ami a nductlon In the dividend. A le
actlon of sentiment would lojirally eon
slder the possibility of a fompaiatl.'elv I
harnitis segregation If .my M all ind 1
larger distributions to the sh.n 1 hohl-rs I
In the future than In the pas' j
MISCELLANEOUS MARKETS. j
t'lilon I'lielfle Holders' Chiller,
The past few days hnve witnessed quite
an Influx Into the financial district of
small holders of 1'nloii Pacific who ate
1 l-l 1 3-16 1 1-16 1 3-m , ill receipt through the mall of the "rights'1
deb 8s w 1 107'i
rents per share.
107S Wi 1I7',
CURB STOCKS CL0STN0.
British Col Copper.
French report, which howeil a loan In
'nridltlon of S.E, compared with tho previ
ous month Thom ti-u a amall Avnmt
muvement. hut corntry selllntr waa Hunt. ' ,'-m"' N ANi.H , " mnv
ai tne close the market win vi to c. 1
above the closing on the day before. There .111
ere ,,iea or ooo.ooo bushels, believed to'
b" for export. j
Oils atuited eaay, but scored alight!
sains. At the close prices were unchanged
fiom Uc. lower to U.c. higher than at1
the end of the day before. Primary rc. ! rt r
opts weie large and the cash situation L'L.T'.J ".-'.."
Km n..l. I Dnil.ll JIIH
The I'rlre Current aaya: "Corn In Kan
s. Texas. Oklahoma. N'ehraskn. Mon
t"'.rf and a large part of Illinois and parta I KerrLaiie..
iiiMiriint, teniucH ana jrniieaBce m
bevond restoration. Crop at beat will fall
( 'iO.ooo.ijno bushela under laat year and
rrny droji below that figure." John Inulla
wired to Logan & llryan: "Dca Moines to
I'avenport with exception of thin, hilly
land and many weak spota general corn
'onditlor.H more hopeful alnce ralna,
."-ome heavy corn on bottoma: while flrlnaT
"Lows up over large areaa It haa not been
High temperature ruled throughout the
Itriitliitrret'a figures ahowed that the
vl-ilil" Hupply of wheat In the United
'Sutcs, (aat of thu Itocklea Increased
'''JlS.OOU bushela; wheat weat of the
Kockltfti leereMufl 2Sft.noA buahela : wheat
in Canada decreased 800.000 buahela: all nraslllaii Traction
siiierirau increaaau ,aqir,uuu iiuanrio.
'lUiopu and afloat Increased 1,400,000
1 labels, world's wheat Increaaed 4,J9.
'"' buahela. Corn, American, east of
UnMes, decreased 1,632,000 buahela.
",:,u American, decreaaed IJ8.000 buah
ela. II . ..... .41.1
based rrturna from correapondenta In 1 pi Hcntla Bt.fl iic'oal 74S
ripresti.ltvc localities have deteriorated ' Oullrle flour Mills II)
an estln, Mjulvalciit of 300,000,000 Quebec By U P IJ'i
bushOa s.a ,h, oovernmenf. report wu, RU Oat N.j.... ...,.......... p
tayiwaba r . w . Toronto Railway 13J
mvau r ,lrni received hers covering I Winnipeg street By IN
to subscribe to the Southern Pacific cer-
-,i; 1 1 1 Ik-ales. The nutter would be simple
NYMIiil con dfbesl,074
Western I'ac s 7
Irf'hleh Valley Coal....
Manhattan Transit.. .
Marconi of Am new.,,
NYN. 11 All ria..
South Pao rflsaf Int..
Tobacco Prod pf..
Cn Clear S Cof Am ,.
221 j fJU
.16 IB 3 7-19
enough If It were not for the necessity of
explaining the exact Import of the ac-1
foinpntiylng highly technical circular out
lining the ruling of the court in respect
to the status of the future owners of this
Southern I'nclllc stock. Tho Union Pnclilc
stockholder who thinks. Southern Pacific
a good Investment and wishes to exercise
his right has the choice of two opera-1
tlons. lie can subscribe tn the eei-flHeuleu
mid some time before llUfi get rid of hln I 'ar-
union Pacini holdings for the. space, ot
lime which will allow him to transfer the
certificates Into stock, buying them hack
Immediately afterward. A less round
about way. however, Is for him to sell tho
rights nnd buy .Southern Pacific stock In
the open market, which la selling prac
tically on a parity with the certificates
representing the new slock now released.
Co (Tee Prleen Close Meant), II 10 III
Points lllHtlcr. !
Coffee closed firm nt an advance of!
from tl to 1 points yesterday on sales of ,
b0,.H0 bags. The market opened steady
on (Inn cables from Kin and traders
favored the bull side thiough fear of
August fmst damage to the crop.
There uas an advance of from I tn 7
points on sales of but 3,000 bags. The
Havre and Hamburg markets were inner
at the start.
Tin re weie slight relictions dutlng tin
day on reallrlng, but bear pressure up
insured to be largely absent Itnlns were
almost gem rnl In Sao Paulo.
Any unfavorable weather developments
together with the small stocks In the
1 1111 11 1st of roasters would tend, according
to traders, to Improve the technical posl- '
tion of the mnrket. ',
The Havre market opened !if lower
and closed unchanged. Hamburg stinted
to i pfg lower, lllo .No. 7 was ,10 rein
K., Am suirar nf. . HIS
3-:' Am T 4 T tr
M Am Woolen pf 77",
29 Amoske.17 iWS
Ji Ounit'4'r I'ns pf ;s',s
3-0 E Huston I, .111.1 I.'
I! lien Elec ll.'S
i", Ui'll Mntiir4 .... 3i '
.1 Mn4H K'ee . . . IS
35 Mass Elee pf. ... 7.1
111 M.1.4 11,14 . si
;i M.144 lii. pf ii,
l'l N K ("nt Yarn pf 7.'.
S N K T A T li;
20 IPTie Mutton 15S
' )te.'e Fold .Mjell I
.C Sxlfl & Co l'i',
1 Pullman 1.M
' I'lllteil Trult IM
'.'1 I'm Shis- Maeli . 11
ei Pin She- M:e'h pt .'7
1911 i s sn.,. cs
I' trel i'f 109
:rs Wdii.nton h.m.i :.. t
THE MONTREAL MARKET.
nraslllaii Traction ...
Crown Reserve i
Detroit United By....'
nnmininn Steel Corn.,
; Dominion Textile ....
Illinois Traction pfd.
I.aurentlile rlahta ...
Mexican I. r.,
llemanil for V. V. Itlaihls,
There has been a very strong market
on the exchange for the Union Pacific
rights, ill sympathy with the advance In
tho atock, and the privilege to aubacrlbe
rose to 86, as compared with 47 on Mon
day, Aa ugnlnst the selling by Union
Pncltln stockholder there haa been unite
active buying by speculators, who thought
tney saw in tne preaeni situation of
Southern Pacific a chance to make a
small profit. They aold Southern Pacific
short against the purchaao of a aufllclent
amount of the rights, expecting to make
delivery aa soon uu it wa,8' practicable to
transier me cernnoates. a neceasary
step In this oiieratlon waa the borrowing
of Southern Pacific pending the Issue of
the certlflcatea on September !. Unfor
tunately thti temporary short interest
camo Into competition with a real abort
Interest already exulting In Southern
Pacific stock, which waa created on the
ground that Soutlurn Pnclflc would In
evitably go to 8G us soon ns the terms of
subscription were published. The com
bined short Intereet haa grown to aucb
higher at n$300. At Santos No. 7 was
unchanged at IHTiO, while No. 4 was i
also unchanged at utoriit.
Ilecelpt.i ut Sao Paulo weie 58,000 hag",
against 40,000 Inst venr, and at .lumllnhv
were fid. 000 bags, against 4.", 0011 last Mar. ;
ltecelpls lit New York totalled 1, 2011,744,
against 1. 700,780 last vear, nnd 80.S2''
bags ut New Orleans, against (17, 70S lust
Prices were :
K.TMI t( 74 S.H1lr.
S 9111 1.97
2"..Vkl 9 19 12 ! I'd 9.20
.9 399 II
S3.7W 9.M !43 ,V)titl.St
. . 9 ABt.M
S.2M 9 f Kt 9 M(I9 C2
... . ... 9.il3fll 6.'i
S.2M tti 0 f.s ii''.;in.u
Hales totalled 89.S0U hags. Provisions
wero lower. Cnsh pork was steady, mess,
t23ft23.S0; family, 124,60(1'! 3fi. Cash
beef waa quiet: packet, I19WJ20; fninlly,
J24.o0W !26. Cash lard was easier: prime
Western. J11.45: refined Continent, !11.s0;
South American, !12.60. Chicago ptlces
Pork: ln. est.
September 20 40 S0.W
January... Il.u ll.U
September II 07-10 II, to
October .. 11.15-17 I1 17
September 10.KT 10 (10
October . 10.90 10 M
Iow. Cloi. Prev,
est. Inir close,
so.jn jo.jr, o.m
II 15 II 74 IMS)
11.00 II 00 II, 17-21
II 10 11.10 11.25
ion: ion; 11 on
10. HO 10 : 1100
Jli f Masks C10I1I
ini Aniiilunniated :is "S
;l.''i Am .in'
.' Ami' ihkU
10i lin.tnn A Cnrbin
'.'., Ilutte ll.il ik
1 ;.l Ilutte & np
211 Csl & An
10 Cil A ll"i In
' ( eiiteiiniil
.", PeppiT lUniie
414 East Hutle .
,V, Uris'tii- Cnn
K9 Insnlr funs ....
f.'-i 1 f ('ml
.') I f I'n il pf
H:.'i Isle llm-.ile
Sr.- L.iUe Cniiticr
.VI Miisnti Valley
2L. l.ltlnwer . ... .
.', Ml mi 1
110 Nev.nl. 1 Cons, .
1121 North Ilutte
2tn Olil C nloiu
p.'i (lid liniiilninn
7""i I'flllil Crrek l.'o.ll
191 lint "Cons.
w S.i 111. 1 Fe. .
.', Sli.it A Arlr.
. st Muni M Ul
23 Sup Boston
Id Tam.ir.e k
1245 1' S Smeltllie
32 II S Smi'lllini Pf
t.'ii t'tsli Apex
in l'l ah Cons
10 ITtnh Copper.
1iAn.1m.Mi si in. ks
f llinton A Albany pri psi
r.fl Boston Klevated. 9.'
:'0 llnslmi 4 Maine 1.1
10 Boston Me pi I'm 100
1102 Vpw Haven , 100V, Us)
13711 New Haven rt.. 2 7-10 2 9.19
7(10 t'nlon P.nelfle rt, M "0
27 West End nf . . s
.IB 1. mv,
Cutting Motor Car Co.
Will be held hv order of the t lilted ta'es Ciei. 1 nn . he pie uin-c
Tuesday. August 19th, at 11 a.m.
Date changed from Ausutt ith by oiJer 0 Court.
Tin fnllnvv llu; propel tv fiippruisal ,i of .Inne 2, Iftl.n ,i it siaruls nn ilav nf Kile,
will he iitTeri'il fnr -ale at l'l HI.M' l CTIIlN, -ale Mihiert 10 1 nnilnii.i' inn
nf the inurt ill panels and ill hulk
Real Eatate and Buildings (modern brick) $(15,000.00
Machinery and Equipment, Office Furniture 17,022.11
Manufacturing Stock (parta) 87,475.34
Accounts Receivable (face value) 99,155.05
1 he almve make up nn iiiilpmeut for t he iiiii'i if.ii tin e 1.1. .mildi I nf 1 he vvlilelv
ndvertlsed I'l'TTIMi I All. a mil p , l-Mlinilei loiirilitr 111 ale! 1 n.uNter. -llfng a
l. 7.", ii I'lie llant 1 all ready 10 leMlinc lniiiies. -ellm .- i niuiei 1 inns have l.eei,
liiainla iied, and the former fold' nf men 1- larch avail. llih-
tin k son Is a'i impoitnnl r.iilio.ul reiitei. lih eveellen. lie,i,-lit r.nes ai.d ship,
tunc facilities Many maiiuf.ieloi ies of aiiioinnliile parts ale 111 si nsf il npe, u nn
111 that I'ity
deposit nf 7.1. (cer'lfled rheek nt instil must he made In s..ie.-fii lildilers,
bal.iuie nn appiuval of sal,, U rooit I'o" further infni 11t.1l niu .uhlies.
SECURITY TRUST COMPANY, Receiver
DOVER, SOMERSWORTH & ROCHESTER
STREET RAILWAY COMPANY
'Hie Miirrlean Tni-t 1'n.np.mv ifnricily
Aii'rriran loin nnd Tri'st fonii.iii , IWon,
M.s ,'1 iiisiii iinilerntt Itiitciitiue 11)1 1 lie l'mer,
Sinerirth nnd l!ichrter Stmt iilov
Con pany-iliirit July 1, PHI. bereliy chrs iimli-e
Hint It lields ihi mm nf rifht IIioukii.iI two hui
ilrcil four 70-lftl is.20,;tii for li e punhas.- id
I lrs Mnrtir.n.-e 4r Ponds of the wild street ll.ill
vsv foai(an . Is.ihmI umler a n tt seeurid hv viUI
I liidrniiue nf 'I rust, mid lhat calcil prnpfis.!!.
nrl.-r'n k said Pond- 10 II" aininiiit ot -iild sum
nr .110 psn thereof, rnilnr'eil ltlll I'll I S
III MXI. IMMI.lt, sillMCIISVt UIIMI V.MI
ittis iii.ss 1 i:h sTitr.r.r itn.vtvi 1011.
I'lM .V,. IIOMIS," nlll Ie leeelved nniH
neiin .ucul 21 nu, uie iitiu i aie icrrveu
hv -aid TrusKe In n 1 el nnv or all pioposal.
AMERICAN TRUST COMPANY, Trustee
By C. H. BOWEN, Secretary j
llnstim, MliEllst 12 19i:l '
l.iilllsMlle A' s-hllle ItHllrnad Co,
71 lliujilu.u. Sen Wk July l.'.tli. 1 . 1 3 1
In s.,..,r.ln,, ullh Ihn li.rflls nf lli II i,ri Pi
of the Pensarula Hlvlslnn of this ( ci:nii.ui . ihn ' l s nnv of Hie lliurd id lllre-iors held
To Till: II' .:.I I- l..s ul
ATI. Writ IMI IIIIIMIM.IIAM
sflll ( TION CO VI CAW, AT
IIIICU1M.IIAM AMI ATLANTIC
r:i) vii 10.
l ive Per ( ent, T4.nOe.ir l.iild Ne(e uf l!lli.
Tne Kiiul' 1 1 I'r.j.' I'.'mp.u.i "f NVw
1 rk stjc , , :,. -h- Tr' i'.iiiim
ami it 1. T' j- . .1. ' i .it, Ami
tln A 1 i .11 1 c l'i' mi. sl'iun 1 'iis.i
i'iiinp.inv. .1.414 I Aar. 10 1: lu. Ieni.
11141 4 " IL. . I IS .1 :- ..p. tl ' Il
f V ' -f mr TK..s.in. J-Mii II 1 I'.
-I.'V H ll'il '.IJ-i"' it I. ,1,1. 'Ml 1'
the ri ilempt'.ia nf nitn i-sui-d unip 1
.tlirtelti nl .it tin Imwst oiler liners lu i.t
he wr.r.vnit inii-res unit ,i lers rhan psr.
H'.lli'd iIT,-rs ilnlotst'il '(filers fnr tti. .Ml
nf A'trfntli' ft IlirintnKhHiii ronsinullnn
I'nmii.inv iiml 'liiiiin. Hlrniliii-'hsm und At
l.in'le li.illro.nl I'mnpanv 'r Tivn-V'r Held
.Not. " !. rcnUiii it Its ..Ifl.'i Nn 7
Wall .stri'M. N. i Ytek CIM unill lln'tioi'k,
Nuon on T.n - '. i .Vi.,iis lli'i .11' ' 1 1
ritlr Is ri-.irvi.l m 11 I- vt nn hiu! ill' of, rs.
Till; Kit'l"A'll K TP. 1 ST 1 VlVtl'VNY
OP NI'.U . il.K T' tl- 1 r
Hv I.VMAN I, Hi 1 , '!: V 0 I'r sldi-nt.
P.l I'.I New Y.'-l. Vi't'K' 4 1113
IIIMIIIAlis ANII I.N'I'CKCsr.
THE C1NADI1N PACIFIC RllLWiT COMPANY.
DIVIDEND NO. 69.
fnllinvlup 'I vienlv-tlve .'5i Ponils hnvu Ihls tluv
lu-en urn mm l.ir uie nuikini; num. vit,
J.I 07 211 .If.' (711
', ,s.' it.' ;i'i in isj
, :n inn :'.m :tn2 on
' ii in :'tu :- wu
i ;s 2us aic i.'n .'iti
1 'I he Interest on the win e ulll irase .Sepfi'iuhi"
1st. lu I. 'I, anil the prlui'lpil of II. i' linmls. plus
nie per ei'iil premium, villi he reili-i'ineil at tills
nlTler on ami aflei thai dale.
C 1.. fsMlTIII'ttS. Assistant 'Ireas'uer
VVI1.I. 4ell sio.iiii - miaraiiteiil preferred
stork In .New York euncern J H., box lis .sun
In il.'ti . tin fnll'iM In l- illl 'ili'lnls-siere liei'lltretl'
On the Pii li'ii'iH'i' Mori imo vr ivnt for Ihe
Ini II vrnr ended 1 1 1 .lui.e list
i in tin 44'ii 'inn htnrk. tvin nnd n'le.tiMf rsr
vni fnr the ituarter inded :"tli June 1 I, lieliif
4i Hie rnu nt .even p-r vent (s-r .imiuiii from
evenue ntnl time r leal h r milium fmni
iMi'Mst im the pinrii'ils nf l.ltlil s.iles jad finlll
.itlv r extrnni'mis h.-i-i.
llelli ilivlilrml, 'II :.e vild im 1st (l.'loli.'r next
i 44l1t1ih.1l.il'-. n' iieinl nl the elo-lne nf Iha
ii.'itks in Mon iie.it. Ni v. Wrk .itul ls'tidmi. dt
I I' XI .nil S'llilll'liV :nh M'misl net
Ml lion' s Mill he li'os'lllil nil I Illl IMi.l 3nd
lli'liihl I Ill'M
U nnlrr nf I hi llo.inl
n II 1 1 A K t " 1 1 . Serietary.
Montreal, Mill UP1II. HI' I.
I .Ms I
THE COFFER MARKET. , xii:iki.i iixm niNsxioiir.
I'ISI XI, tlil.MS
No s,,..t vHllnlilr ruder 1(1 enis The Atlantic Cns & Electric Company
Pr,,,l ill-era nnlliiilslle. I'he tefilllar ipilHerlv dividend of 1' "0 h.is
I ruiiuiira upnii 1. 1Mi.(., rl M)1I1 ,h(, i-,,lnl siniV. of
It liei'.imn uuile u'eiieiallv iirtiieil . The Atlnnt ic Cna & Electric Company
vnsieriliiv 1I111I there was little II' nnv snot l"ivIH
lopper aviiilahle under in rents n pound
Tor Oeloher deliveries ,-, rents was paid
The liest ovlilem e of the Htronit hiliiatinu
aiieiroil on the Loudon Metal 111 x'li'imif.
where eleelrolvlin sold at i.'7.'l 'is. The
1. - ....1 1. ...... 1 lion It.tnii mill.,. I Ihurn
. iieni i i, 111 11m.',,, ... "''
....1 ul....ia loti'it ,Mi'r(4,l Ihelr ontwlri lullinr
ili! 1 to Mni'klinlni'ls nf li'l'nld AlllT. I.
C. V, MIXN'MO, treasurer.
cunn stocks, closixo puicks.
flay state Has
Uonemla ... .
lloslon Kly .. .
I Chief Cons
Com Arizona. ,
Hunar. Tho aole development of In-1
tereat In tho auar morkot yeaterdfty waa cmis.
iiie wvio ui isuuui 4uv,vi4iu uuiia tu raw 1 Mairslte ...
material to tho Amerlenn nt 3.7S centH, Mealeun Metals
While tlila la a alight ronceaalon from the Js-v "-j it-1 a
market price It waa looked for owlntr to owo .. ,.
dulni'K, nnd tho tone of the market may Oneeo" .
be termed firm, fiemand continues rather 3vn ...
quiet. Hednera are still quoting C70 ceuU , S1"' f"'"' ( ""' ' '
tor nn franulatast lUn Terd'e Eiienslbn.:iMiii:!!.
I Ci 1
I a pi
(Illl'XIilt Illtl XI VVISIIKN IIAII.IIO.VU
I'lrsi sinrtu.ice r.ll.Veur I" Held llnnds.
I'out'on No li, due si-jurhili'-r 1. inn. from Hie
l lrst Xlorlmn.'!' ,M.iar I'o (lold linmls nf this
I'liniti-inv. ulll he p.ilil tition prrsi'illailna on and
atfi Septeuds'r '!, P"3. at tl! n'i lor.nry olnoe uf
.1. P. Miirirni d 10 , 1:, iirs.id Miei'l. New York,
.1. 1 riii p. I ,1 1 i.v i.i.. 1 n .it'll, r,
III., A'lKU.'. II, PH.l.
lMt tila-ht home of the New ork pin- 1 chientn.
ilueerH with London a ec lines e.iuieii uieir .... .
lirunelies nhioail 1u eonsider otilern only j 1, ia.m nii VI'JI, i A I'OMI'xM'.
in nn mlvaiieit II11 Hiondhay. New York, Aueii'l I'-'lli. 1313.
lit all aiivilllio. 'he llnnnl id IMieL-lois have this day il'i'l.ned
Tho demand for eopper. which has kept I ,hc i,imiil duidi-nd of Six Per dm . puyablu
up iiotwithatunUlllaT reeord breakltm ealei. ' 10 ihe t smekhnlilers nf r-'cenl 011 Mikiisi :3ip.
of the past five trek a, nan been eonaiilered
most reninrknbl by all roneerned "iot
iiianill'netiirerH' wanla bavo not been fully
IIIIihI, 11 a evidenced by tho fact that vvlro
iiriniilaetiirers hnve maintained n rnnstaiit
iiuiulry for tlm mutul.
ShipiiieutH, both to domestic nnd fnrelKii
coiihiimera, will be very heavy this month,
l.'slnu New York ciiatom boilHe cloaiaiu'es
us 11 basis the August exports should tun
close to ftn.iHlil.lKK) pounds. Shipment.-. In
homo iiiaiinfnntiirers will also be, liirwe,
n there have henn many Instances of nil
tlrlputlnit Sepleiutior deliveries diirlm:
mis. 'Hie ii'insfir I'l'oks will be iIom-iI
nipist istti. rna
J UHlsrillvrn. .li , .Secretary
lll'sN Is (ll'l'lllin N ITI lis.
WANTI'I' J.'.'ii"'' on ei'n'id iiiorlmice, fully
h'ciiitiI. by a tiiaiiiifiii'iuritiir plsnt In full npra
ilim unit upon 11 iiintltJhli' Insls, 1110 knjer. If
ilesirul r 11 si'i'iiie .1 iinsiiion north S'Mn per
veil unit an ii test In the piniu. Aihlii'sn I , x'
pox 1111, Sun nllliv
SMi(.'l VIP vvaiiird. Nun Jersev leslileui ht.
.erteil. m fmin iepoiittit toislness rn'iipsny
loiporilnr "l ' P'Hl: x- lie pr iliu'is nnil ex
n. 1,1, 11I1 u nl I'linwin 1 eliiiii.illoi, nppl 1,1111 iiiiisi
lie nf 111 mil siiunliiiu. .il !.' In laMirst tapltiil 111
ltiniilirirse. Addirss A. lo PW hun offlce.