Newspaper Page Text
Harris, Forbes & Co Snrreiaon to N. W. Harris & Co New York Plne Street, Cor. Wllllam NEW YORK Government Municip-i Railroad and Public Utility Bonds for Investfflont Wl on*KR $200,000 STATE OF NEW MEXICO %% Coupon Bonds iti: $40,000 July, 1913 40,000 " 1914 40.000 " 191~i 40,000 " 1916 40,000 " 1917 Full State Obllgatlon. Legal for New Ynrk State Saviuga Banka. Prlce on Appll?atlon. W. N. C0LER & CO., BANKbRS, 43 Cedar St., New York. He Specialixe ln American Public UtilitiesCompany Preferred Stock Common Stock Company earr.og over S ttmea ltB Pre? ferred 6tock Dlvidenda under manage? ment of Ketsey, Brevcer & Co. Clrcular on kXaOjO* .-t. Wrlta Williams,McConneH&Coleman, Bonda Stocka ?0Wall>t. T'hone 4V. J.-hn. New\crk. The Way to Protect Investments Is to Know The Security Thoroughly. We offer '...veetnre the Bor.de and Pre- ? ferred Stocka of tiie Publlc Utlllty prop erttee with whlch we are thoroughly famtllar from both physlcal and flnauclal gtBB-potara. Prospectlve inveators ?re glven full tn formatlon regar.llng aecurltleB that wlll meet thelr requlrementt. We Invlte lnqulrlea br tuail er personal rall. WiliiamP.BonbrighUCo. BJUnOOM 14 Wall Mreet, New York. *!"?ton. I.ondon Phlladclphla. American Real Estate 6 All Maturif.es Bought Sold and Qu ted WILLIAM W. COHEN f u Tort >?'<? tv R* baaaa - -ra -J Sew Vork i toge In.icago Board of Tracle roadway NEWYOMC iddendort WiHiams & Co. ?Oera Xew York Stock) j xlu!U?ge of > Bt-ltimore Mflt- I I'INfr. lf, 129 E. GKKMAN BT.. - | \ork Haltlmore. MU. end f r our Market Letter on iiitkri Bailway Co. CHARLES HEAD & CO. 14 Wall St., New York. I N. Y. Stock Exchange Members j Boston Stock Exchange [ Chicago Board of Trade Private wire connections to our offices in Boston, Providence and principal Canadian cities. Canadian and Boston stocks a specialty. Tenn. Ry., Lt & Power Co. Common A Preferred Swartwout & Appenzellar Membera Xew York Rtock Ejcbange 44 Plne Street. Tel. John 5070. WE WILL SELL Childs Rest. Com. Chicago Util. Script DUDLEY A. TYNG & CO. M Uroad Street. Ctalraare. 'Phone, 3953 Broad. New York. Wm.A.Read&Co. Investment Bonds 31 Pino Street, New York Chlcago phlladelphla Boaton I/ondr.n TULAROSA COPPER *T_e aext bit porphyry copper tsioe." .ir-por'ant .levelopmc-rta both at the mlne I l the market aie due. AVrlte for detail of Company'a propertlea .uid what the new dlrcctoi-it- ii.tane. HARRY E. THOMPSON & CO. Com mission Brokers, *5 Broad St., NEW YORK "Phone ,*._.(5S-a-7 Broad. Market L-etter Thuraday. TONOPAH GOLDFIELD NEVAOA MINING STOCKS BfcXD IIIK WKIR'B ??TONOPAH REVIEW" Slzteen i agea of lnterestlng informatlon, wlth new map of Tonopah. MARKET LETTER* UPON HEQCEST. WEIR BROS. dc CO. 25 HRO.M) ST., M.tY YOIiK. ADVEKTI8*MENTS AND 8i;B8CRIPTION8 for Tne Trlbune received at thelr L'ptown OAce. No, 1864 Broadway, between 30th and ?7th ata., until ? o'clock o. m. REVIEW Ai DIGESI Stock Market Uncertain-Much Depends on Europe and Election. . Developments of last week did not clear the flnancial sky. so far as ehed dlng light on the path of future stock market operatlons. The happenlngs of the week left the generai sltuatlon ln an even greater atate of perplexity than at the eud of the previous week. An endeavor to draw conclusions is met wlth a f-crles of contradictlng easen tlals ln the collection of lncldenta and clrcumatances, so for the time being only unccrtainty is presented. Thr local sttyk market has moved in dally op liosltlon to the natural law of caune and effect, and has lgnored factors whlch would aeem to be lraperatlve. Just as the last appearance of real forelgn liquidation was reported by cable, and when lt was thought that the independence of American seeurl tles as Investmcnta had been estab llshed by their pronovinced strength durlng the previoua we?;ks of heavy forelgn selling. this market turned weak and bearlah sentlment became the ruling pow>er in the trend of prices. Then when the sltuatlon abroad sug gested dlsturbed money condltions, when the newa was received from the Bal ka.ns telling of Turkish defeat and the cable Bugsested a possibillty of serioua diplomatic compllcations between the European powers and the vlctorious Balkan alliance, when local call money rates rose to the hlghest polnt of the year, the New York stock market turned com. i atively strong, and In the face of much depresslng local aenti ment prices advanced. Some Wall Street prophete who make J charts and draw conclusions from for mer happenlngs for the last two years have predicted a panic for 1912, but, | like all prophets in weather and ro ligion, their prcdictlons so far have failed to materialize. Following the j rule adopted by all forecasters of events theae prognoatlcatora now take refuge Liehlnd the large crops, aaylng the panic i has been deferred for a year or mcre. ' There will ever be a dlfferenct. of opinion even among men of an equal ilegrce of 'ntelligence, so lf factors are to be accepted at their fuec value the deductions of men who use the same factors ln formlns. their opin'.ons Bhouiu be giveu credence. The chief dililculty encountered among these various writera ls that many of them ha\e hobbiea. and thfl j artlcular fac? tor which by chance ls thelr favorlte. hobby lnflutnces for or against a falr BBtimatA of Its value ln arriving at a g.enor.,.1 conclusion. Not enterlng Into the individi.al lmj oitance of any of Um potntfl used to emphH.size ciaims to Bpflclal rccofrnitlon. Out rat.ier accept loft all of them as a basls of under >:uri(iing. utems to le the aafest rulfl to follow. There are BOmfl tactors Which are more important than othtrs in tonsid. ring the outlook for tnisincss in mercantile and ir.duatrial llnes or in the inveatment niarkets. Irreapp- ti. ? of any impressions to the contrary, thia country is a geograt iikal body. whlch. like the human body, cannot bo anp urated wlthout harniful consequencea. The East cannot be coneidtred Inde pendently of the West or So_th, nor vice verea. The heart of a natlon ls Its money, which kc-'-pB bvatoaaa ln circulation A country Is aupplied with energy by Ita products, which in the I'nited Statea are chlefly ugrlrulture. One cannot prosper without the other, and all talk of ct mmerclal or fir.anclal lndcpen dence ls at random. An abundance of both in llberai exchange should prove the country.to be ln a healthy condi? tion, and ln tho maln thi.-: aaeumj^lon ls true. But as the Unlted States Is lnterdependent, so Ib lt ln a way af? fected by the condltlona obtalnlng ln other countrlea, and any calamity Whlch might befall Europe would have i an effect on the Unlted States whlch might be moro eerloua than can be ap preclated. In vlew of thls year, when , our lndustrleB are stralnlng thelr ca paclty of output, when our harvesta i are crowdlng all the channela of tran., portatlon and when as a whole the j banks of the natlon report eufflclent money ln hand to care for tho demanrls I of all branches of cornmerce, any estl- | mate of the probable effect would be i liighly Bpeculative. Usually a Preai- j dential election year ls attended wlth j alackf nlng of buslness, generai dlaar- | rangoment of tho plans of manufact-1 urlng ar.d merchandlslng, and the! country asaumea a waitlfig attltude until after the day of election and the ! peoplo have accepted the result whlch settles tlie questlon for four years to follow. The year 1012 has been an ex ceptlon, and there has been little at- i tentlon glven by buslness to the con- j test for Presidential honors, whlch ln many ways has been wlthout a par allel in the history of American poli? tlcs. If no change shall be made ln the rdmlnistration and Preaident Taft be re-elected, lt ls rcasonable to conclude' that the prosperity whlch has made such a vigorous start this year durlng his incunibency will contlnue, and our outlook for several years wlll bo very bright. Any change necessarlly will disturb the present progperous move? ment. and lt wlll requlre time to learn how costly a new reglme will be to the Miiierfilbmpanu BANKCRS ? Membera New Tork Btock Exchange 29 Broadway New York "Diversified Inveatment' Yielding 5.45 ?<, ClRCVLAJt 124 OX APPtLICJT/O.y. American tiraphaphone. (nm. A Pref. Diil'iml I'owder, Com. A Prrf. Internatlonal Mrkel. Com. * Prof. AnierUan httretr Co. Mrtropolllaii Truat Co. Rorden'a Condeneed Milk. Com. a Pref. Mafety Car Heatlng and Ughtlng S. H. P. PELL & CO. Membera Near York Stock Eichar,g? Deal are In l,'nltet?(_ and Inaet|vesrf?ecurhlei. Tel. 76W-6-7-5-B Hanover. ?7 wkll Bt., N. T. United States. It haa been ex pressed repeatedly by eome apeakera and writers that no matter who the next Presldent of the United States may be tho buainesa of thls country wiii go ahead; that nothing can stop lt so long as our crops are bountiful and we have money. Such statemer.ts are open to question, as the govern? ment, after all, ls or shouid be the parent business Instltution of a r_ public, and a changing of government plans which are dlrectly connected with tlie economic forces of the whole country' must be felt ln every branch of trade. In the European situation there is yet a problem which diplo matists must pettlc if the war between Turkey and the Balkans be ended with the local settlement of the trouble be? tween the opposing armeri forces. It does not rerjuire a statesmnn to real ize that an adjusttnent of the affaira of Turkey and the Balkans to the sat isfactlon of each, particnlarly of the vlctorlous Balkans, who may want more than can be conceded to them. wlll be a delicate task. If a peaceful arrangoment b. eoncluded and Europe then ahafi seitie quwii to btUbMM and lndustrlal pursuits. and lf William H. Taft be re-elected Presldent of the United States, lt is a safe prophecy to make that tho world will exporlence a period of the greatest prosperlty ever known in trade, Industry and lnvest ment. SUSTAINEDBUSINESS Commercial Agencies Report Trade Conditions Favorable. Although the wrek before election the reporta of commercial agenciea on the na? tional trade conditions are very favorable, "Dun's Revlew" eays: "So far mh tlie bu.-iness outlook la con cerned condltlona continue tliose of re markable actlvlty and soundnes In moat lndustrlal and mercaritlle lluos Tbfl eltu atlon abroad la atlll unMe.ttled liy the Balkan crlsls, and the Dcrlln an. Parls marketa liave been mu"h disturbed. Some Improvement ls now, however. noted, but the Bank of Ftani-e has advanced Its rate of dlscount. One of the moat lmportant developmonts In the Unlteti 8tates ls the energy and cotirage of tho raiironda In the purchaso of nt vv rolllng at.v k nnd other aupplloa ln ordor to picparr for the ex panslon of trade. When lt 1" remembend I how vltal the BdeqUBCy of tiannportatl-in faollltlea ia t?i proBPCrttP. the. linpnrtai.ee of thls develnpment cannot be .xaggerati ed. Productlon ln Iron and ateel ls Um lted only by capacity of inllln and time aud labor, aad yet conaumption still out strlps productlon and prompt SmUtetf la dlfluult. Ifl HetW Kngland every Imi>or t.ir.t manutacturing Industrv la proaper oua, an?l that Incltldeo, ot BOttM, the tex tlle nilila. Merenntlle dlstrlbutlmi keeps pace with manufa'turlne; output. Itetall trade la aomewhat retarded bf the <on tliiuatue of rnild weatber, but ln whole sa'.e tranaactlnnh advices fPOBi the leadlng ; centrea are aii i>f wHl main'alned ami at?adiiy locreaelng n< tiv.ty The eotton and w.ollen go-'da trades ar- very riatls C-ctory aa reg-rda t>oth currstrt and proopocttVe c.ndltlonB. The ahoe tradw la re__unahly aet'.ve and iliiti T/cather and hldftg continue vry hHuiik. with ad raaclM prices So far aa the agrliultural ?ttUflitlon h.tb Cbanged tt la tor th ? t ? ar.d it is eapeclalljr ooteworthr Hil4 voob tliat whlle- the WMtbOT COntlnHOB fl able for cotton ami rocolpts aro henry prtcoa na\_ advanced bocntiee or a inrge demand from the milla Ti.us, ln BVeTf Jirection lo- BtO ka OOOpM with re utor.d confideii'-e and rovtVOd af.ivity. i-reate a detr.and that teata pr ' tlve capacuy. Outatdo of the liiflu tnce Of the f.rol?'i v._r flnanclal oon? dltlona are entirely BOttstactOIT The Oc tober output of new aecuntlea exceed?d I POo.OOlOOO on enormoofl Incronoe ovur a jiar ago. Railroad groas earnlnga bt* ! ir-a.ed 4.9 OOT ''?'"* duili.g three WaSMS ot October, and bank l leariiigs thla week galned 4.6 pir eent OWW la>t year and .1 pt-r cent OTOT UM The Octob*. rerord of enminei.lal falluren |B aomewhat more favorable than ihe earher pe.node of the yeO*, but there ls atlll a too largu number ? of amall d.faults. Aa ueuai, when the | flomoHo aituatlon lir,pr.v.n. there la an fcxjcanslon in tivnhaiidlh- itiiporti, but e? ports, nevirthel?>*8, oontlntM heavy. Dnr? Ing the lategt we?k at th>? port of N?w ! Yr>rk the exports were UMIMSJ agalnst ! 416.282.924 a year ago and e-lS._9.614 ln 1910. I whlle the Importa amountvd to MMJK agalnat 416,570,877 ln 19U and |1-,S_6,647 ln I 1910." i "Kradatreet's" report on the atate of tia.o eaya: "Trade movements. conaldered In a e..l lectlve aenae. ahow no materlal hesltancy because of the Immlnence of the ITeel dentlal election. While It la true that the week hat> wltneased more ta'.k than uaual regarding polltical lssuea, and altogether aome buyera are dlapoied to walt until after Tuesday next, thla fggtars looma *maller than ln moat Pre','*-:.t'al yeara. ln th?- great surplus cereal ;<h' c'.ng sec tlona buying contlnnea unah. *?.< aad It la I only ln the Kaat that there )? B teidency to mark time, but there. aa tlsewhere. | buslnees is strongly buttre-sed with I ordera prevlously hooked. The Integral feature of the aituatlon can be encom | passed ln the statement that there la need for gooda and that etocka with firat hands are llght, the ahortage of labor. to ! gether with heavy conaumptlve requlre 1 n.eiita. havln? made for underproductlon. j Of courae. aa aiwaya, there are aome few | laggarda, but ihiat form negllglble factora ' in a bu?lne_>8 cirvle that haa bo many of [ the elements of actlvlty. But aa mattera j atand Jobbing trade in the Northwest, [ Southweit and Mlddle West conttnues ex ceptJonally good, that from Texas polnta being pre-emlnuitly ao. whlle ln the Kaat buying from Jobbere la of the small-lot I but frequent type, prlnclpally through the i malla. Throughout a large part of the | South and on to the Parlflu Coaat Im | provement ls mirrored forth, though ln | tiie lower South Atlantlc atates thlnge are dull, thla aectlon being about the only backward part of the country, for which condltion a poor and late cotton crop ls malnly rer.ponalble. Staplea furnlah tbe baekbone of cut rent demand, but bualneas on sprlng account, aave In a few zonea, continuea to expand, and in linea Into which wool entcrs mlll agenta are booklng .ome contracta for next fall. In the coun? try dlatrlcts, where cereal crop money ta circ-ulatlng, bu\)i,g ls llberal " MAY DECIDE TRUST CASE8. Waahlngton, No\. S.?To-morrow ls a rerjxtlar decision day ln the Supreme Court, but whether oplnlons will be glven ln the hard coal truat, Union Paciflo nierger or atate rate caaea ls not known. Twlce aince'the beginning of the fall term the court has dl?appolnted those who had predicted declaloua ln thoae lm? portant caaea. a THE TRIBUNE'S ROOM AND BOARD REGISTER haa ? condenaed list of furniehad rooma. Conault tt ? Advt. L- I_. Executor Trustee Ohartered 1822 The Farmers' Loan and Trust Company, Nos. 16,18, 20 & 22 William Street Branch Offlce, 475 Fifth Avenue, New Tork. Tra-elen' Letteri of Credit. Foreign Exchange. Administrator Guardian Following is Ihe usual table fliving the number of sharea of all stocks dealt in laat week, together with the highest, lowest and final prices of the week, the n?t changss of the week, and the high and low prices in the year 1912, with the high and low prices in the year 1911: r No. | | i.iaieai l'i | ln aald. i lutei yxaU_ 3781 13 I 4.331 Adama Kxpieaa ..., 175 I ? lAllla-Chal 2J pd....| .''.'j ? I do 2(1 pd. pr.i 9% I 7.1(J|Ai-ial < 'opper ....... bA1-* I t.flSJAM. Agr ('hcnitcal.., ifl j 7.47 lAn Beet flugsi.; 10% I ? . AtiicrKan Can .i 4.< I 4.Ui, do inferred., 133% ) 3.8U a.i. (ai k roundnM &?\? | 6.88, no prt-U-rred. II'.. Aowticw > uiea?i aoS I 7.60, de preflerrod.i a*.\ B.Jo.Am Caoi Ptoi pr.-l 111 | Quotatiou record, | |?.i. aad. Nov. -','12 | Net llllgh. I Low.K.Ioio. i change. I luiiue im.;., Raasa mil. Illlgli-I Low-|!llgli-| Loxt i 17 .v?i: b 2 ? ?' > 1 ?J?. -B.C. 2>- ? ?> , .. .... _ t.BO0 ?! a.i*?' a w ? .: .. ?.*??. _,??? ? i .; ii (.? 1 ?] 4.7".' 400: lim. 7 2. _<>(>, 7 .'. 01 7 l.iflOl ? l(Xi, 7 6<-0! ? 800 ? <?.yx?i 4 B.31H *o MO, ? 2.885 7 -?*>! 4 8.300; ? 20(>( 4 tB.r-if. 600 200 BOO 200 fl.nno ?Jto -- T,ido ao M , ItflM f> 2?>| 8 4001 8 2"0 ? eoo 6 600, 2 10.7C'! H f?1i)l fi l?.6o7' 7 1,700 200 - ?,700, 6 tV*)\ ? 2?'.23| 7 10p: 7 ioo| 6 2.600, ? 2,4-Xli a 2.-IOC.! 10 2001 7 1 So" ? 700 7 100 8 BOB - noo, ? ff.000 ? ?2.1 <v> l fl 100| 4 MO 4 6..'too) ? 1.6001 7 Id.WOI - n.nooi ? 1.0401 7 ?M G.2iX), ? 1.500; - T50 - tl'iO, ? loO: 6 1.200, 7 11.3001 fl 8.6001 ? 2,7?0i B 100 2 800 ? l-iOl 7 6,0001 ? 100| ? 100! ? 000, fl 8.400; ? 1,1-01 ? ? IM - 2u0 200, 1.000' 2.0OO! 200i t.2.85" IMJOI .llAJl 2l>0, 1.300 ? l.OuOi ? tto] ? 1001 4 ?U> ? loOj ? 300| R.IWO, 1,-100 40.400! RWO l.S_ 200 -oo li.. 4 4 M 4 8 7 a 4 8 B Un I a I ?.12, 4 - ' . r.i. : 4.1C ? Am (.'oiton Oll. do preferred. Am UaBaed pr.... Iia Lboobboui e..., ?.6o, du prefarred. ? An,.-.:? BB Mult _ j fl.oo, do preferred. I 04ii American Hxptoaa.. I ? iAni Hlle * Leather | ? I do prefTred.J 8t-4j ..?, i ?? ft evrttlefl. ? 20 j I ? (A-nerlcafl i-irseet lfl , I 4"i An ?melttag .1 ni1*, I rt..".:!, do preferred. 108',?. O.l.'ljAmeruan Sniiff.j Ital , A::. _-<t?el PlMiaary.. 42%, ? 7i AflMVteaa sut?r ..., 134'* i 6 T.'I (.?, puferreJ.| 123 ft.flfl Ainfr Tel .'* Tel.... Iflfl i 8 81 ,An.eil.-an Tofeoo.,1 370% i l.fll Jo preferr. &.; lo7 | 6 ,2 Jo ir-f r.< ?*?.104"4 , i ? lAmerlcan AToelea...I 2741 I l.ial ii.i Liofe.ud.I Bfl'*: ) 6.75 Ain wrlt l'aper pr., :i5".. i 7 <a) Ai.aionda .| 48 * i I 6 d .\t;r.iB?ii .I'ir. , i 4.1'" hu i rafatred. 103 , 6.00 Atl Coa.t I.lne. 140 ' 8.62 Ualdwln Uicomothe ' H.J4 d . ;.efeir 1. J07H 6.fld(Ha!t * (hlo. :?? . 4.64i di preterred.i *?,?,, ? Uatopiiaa ., i', - ,rie(U<-r,?iii Bteel . 4rt'? ? I do pr<"ff rred . . . 7>. , ? .Bfl B l- Ooodrl ??, <"o..., 73% i i, r.i il<_ pr? rrel. 107 i 6..VS BklTB Hp irxnelt BflU Bniaawtck. ??, |H| (i.M ButterV h co .| 82'?, , ,? Bllf Peti li -in ,s:i :? i reterred., to i 8 to C-aadiaa Paclfle, m i 2 12 Centnl nf n j... , ? ('en'ral I **'her ... , fl.17,''!. a.ip ?ke * unlo "1 i, <?>.! A, ..t \', rst^rn. ( ?-.. > j ? do preferred., .., 37% , 4 Bi ' 1.: Ul! fl Bl I'aul lf S pi/f-.re'. . 111 v. 801 1 ' - . ' f a. 2 ?' rrad ? , 4>VB ? : * ir'.n . i ?: CMnatoi a Tuanel I I '..:. i Haa l** -i 'orn Pi .??'? 19 . a .vj .... , refcrred.. , 6..ti Dela*4re k Hudaon I'M Dervei i tf , <J.. ., 21 ; t?\\ . : <? :?'? i i -. irltlea 374 I 8 Al , -'.-? red 84% ., ' ; , feried . pre.erTed , 44 13.71 I M A fl 4 *: ? i acttlc C ...-! ?-! ,; Mi ^ o- ?:.,.-? I ? ifl ?, '.. Heli '*' :." o Idfleld ? *? "-.? .,r?t No them i r\ < !.<? 00 .i a '-rx. . i 4, ? x .,'.i ?; iggenl . nn Bapl '? '? .' ti <>i. K >meei ,!.-? . 6.47 . . '- ntral lli-| h- .per i ?'?'?-, Ii i.i: W ? ' S'S lo i rafi rred 4 K, Inter tat l.ar ?? it?r.! 131 , Internatlonal i-Mf,?r ? i6??| Z || ta IT'Trrred I .".-'. . Ir.:ernail<ma; I'-inip ." B.fin J l Caae (?? pr. '.'<'?< fl.SBlK C Ft 8 A M rr 76'a Kan Clt, Bouthorn -?'? r.i}, i preferred.. B8H *uk v t ?a il . ? IKreer- Co .I rt 1.09. . > ireferred 100 ?-- 'r.a Kawanna Men'.. (Mi ? f-x t .1, >.i# Oae - |L-ke Brlt fl We.t. 14 B.7I Ltfh'.gt- Valley lt R. ; 175 | B Bt Ugflatl 0 M rob . 334% 6.0W; ?! 1 .referiel . . i Iti I,.-..,* Wl'ee Blacultj 44'. fl.7fl .1. l?t preferred 4.4?' .' il?-. * >,'a?.u 1 .? 5.2a Manbatun i:iex_t.vij i3^\; 6.1'. Mny fer.t BtoraB.... >"2H (J II .Jo paferre.l.1 107 *?, -- jMercanii:* MarUie..| B%| ? I Sa 1 referrcd. 4.76 M?xlc*n I'etroleum 7.41 Ml-ml Ton <"npr?r. ? |Mtnn A St 1/oula.. 4 I'O, il St P ft rt S il . 4.74 <io I?_ied I.lnefl.. 844 ? jMo Kan ft Tea. fl.46' do preferred . ? ' Mlaaourl l_-l(.e .... 682iNatlor^jl M-MUt.... 6.61 do preferred. Nat latiati. A 8tpg.. 7.68' do preferred. 4.76 National Lead . ? N R R of Mei 3d pr 7.14 Nevada <"on Copper N Y Alr nrake. 4.87'N T central. 6.J2 N Y ciil.- & St U... 6.00 N T N H ft II. ? il Ont ft Weatera 6.72 N Y PUte Ryj. 4 2i(Noifoik ft Bovtbera. 6.28:Norfo!k ft Wctern. B.OOiN'onh American ... 6.lfl Northern Paclfle ... ? Tarlflc Tel & Tel... la'rt Mall . 4 84'Pennaylvanla R R ? ? iPeoria A Kaatem .. 6.?3: People'a Oaa A C.. fl.OOII'hlladelphla Co. 4.721P <: C * Bl I. ? - IPlttehurgti roal. RB do pf.fetied. illlMrd. fl 04 -J" j?refeir*d. Pie.sB'd f'teel Car.. 6.08 do ..r'frr.d. 4.77 pullman Pai Car... Qiil.Knllver . do ^relflrred. Bj -teei Hprlng. ._ . Ra> 1 'on (,'opper.... 8.52 Readlng . 4.rs*i, do lat preferred.. 4.171 do 2d preferred... ? .ReiHilillc I A S. 7.67 do preferred. ? IHock laland . ? I do preferred. 8.861 Ruinaly pief. r-'-.i'.^rd Alr TJne.. ? | do preferred. ? || L ft Hon Frin. .. ? I du 2d priforrod.. ? !St 1. Bouthwaetam. 6.4i; do preanT?d. a.3d leara Koei>uck . 6.44 BoutAeni Paclfle ... Houthern Rallway... 0.16! do preferred. 7.27,fitandar.l Mllllng... HtudeUil.'-r CO. 7.37! do preferred. 3.flO|Tenneaaec CoBMB... ? Texaa ft Pa^itlc ?- 1 do I.md Tiuat.... 4.86.Texaa Company ... ? Thlrd Avenue R R. ? iToledo R>? * l.t,.. ? ITol 8t L * Weatern I ? f do preferred.1 B.OO Twin (Ity P-ap Tr. 8.78 fnderwood Typewr. 1 - )i;rilon H?g * Paper, 6.84 do preferred.| R.Bl'iVnlon PacJOe.1 4.4!' do preferred. 6.I2) Unlted Diy Gooda.. fl.60 do praferred. ? Unlted Rya Inreat.. ? do prefarred. _ U I C I Plpe A Fy. ? 37 do preferred. _- |U H Kxpreaa. ? \V 8 Ind Alcohol.... fl.22!f H Realty A Imp.. ?.77 V rl Rubber. .43' do lat preterred... a.eoir; h st,ei. B.1HI do preferred. 4.7S>rtah copper . fl.47IV'a-('*r O.emlcal... a.88|Va Ry A Power....; ? Va Iron C A C ? 8.24iVulcan Detlnning pr; ? IWabaah .I r 1." fa\ 8S 12.4% I 124 II ' 17 tort I iort 3fl U 33% 20rt I 2.< llft I li* ???\ n% |0O% 101 ' 1(VS ' 1(W I 441 w\ 99 1% .18 Si Wi' 20% 21*.! IfB% 170'j' h8 I K8 !KI | Ofl 10% if? 02 I 024 21H1 3fl% 43% I 10 101% 102". io%: :-o-, 48', 4U^i 20 'i 03% SI4' ??7 1,1 604 1? 1 138% !?"'. I'-'l1 I m\ to . 6fl! 130 110 IL'" i% 44'. i::.'<:3 134 l*'..'. 324 4 lOfl IM% :n | 26'* I . 41% .:??. *u ;.i 111% '.a;', 104 . 1 11 ? 14* - 1 14 0)% .?.'( S i M 1184] Hi'-i i::~\ 1*84 241 : 103 1014 2641 364 hS4 '??'. v l--'. lO^1 -? \>;-, 190% 2cn 63% ::?? 864 106% 141 138% 18 484 ? 1 1414 ?% 14 :. 1004 - 14 1*74 147 ' . ) 1 48 SO I 1114 II 1% IT 10 , 161 18H4 13114 H 14 ? 1 164 214 124 4 Bfl% 13fl? 37 ?I i 8 no 1114 13741 644' 13% 110% 1I>0 11S4I Bfl4 100 - V l?% 11 . 27 ' ".7 .14 ' J4 ra 102 1 r:.-'-. 128% I04'i 21 % 10341 1074 1074' 12041 103 18% I tJmst OFFICERS ( B. C. CONVERSB, Preeldent II ALEXANDER H. 9TEVENS, Vlce-Preildent THOMAS COCHRAN. JR. Vlce-Preildent HENRY J. COCHRAN. Vlce-Preildent ?ARKLEY WYCKOFP. Ceihler JAMES R. TROWBRIDGB, Secretary HOWARD BOOCOCK. Treaiurer DI BENJAMIN ALTMAN. b. Uaaiaa & co. GEO. F. BAKF.R. , hi.r.i.wn 1-ir^t Nat.oaal Bank ITBPHBN BAKF.R. Prwl >n* B ,n: of the M.nh.'.taa Ce, GEO. B. CASE. WMM k CaM< A'.:orntv? JOHN CLAFLIN. 1.' Btal Ua*a4 Ckf Oaama Ca.'a THOMAS COCHRAN. JR.. Y.ce-I'- - E. C. CONVERSE. tsanSne H. P. DAVISON. J. r. MMgaeftC*, B-nkeii <jS JOHN I. DOWNEY, I'ulMIng' CeamMOw ELBERT H. GARY. Chainnaa. V. S 4Ml Corxicr-rtea ROBERT WALTON GOELET. FRANCIS L H1NE. PieaMeal Bfiei Oattaawi Bank THOMAS W. LAMONT. j. r. 'i ?'.'". a Co., Baa.iri RANAI.O H. MACDONALD, R?-i I .uie IECTORS 1 BDGAR L. MARSTON. ? B.-lr _ Co.. Bankera J. B. MARTINDAI.E. Prea'.deatC-tmica^NatloaalBaak GATE3 W. McGARRAH. Pieat Mecbaalcf-'Me'in Ntr'l Bttk CHARLES A. PEABODY. Ptejident Mut_l LMa lasurance C?. D. E. POMEROY, Vlce-Preildent Baakert Ttuit C*. WILLIAM H. PORTER. 1. P. ? 1 ? ,_?? - Co.. Baakert SEWARD PROSSER. ?. Fiealdeat Ltbeity Natioaal Baak i D. G. REID. Ro:k Iflaa. - -'.ti DOUGLAS ROBINSON. Heai HHM ARCHIBALD D. RUSSELL. ALEXANDER H. STEVENS. Vlce-Preildent , BENJAMIN STRONG, Jr.. Vice-PfOident Baa.ert Trait Ca. CHARLES L. T1FPANY, VUe-PretideutTlflany _? Co THEODORB N. VAIL. Pre?. American Tel. _? T_L Ce. ALBERT H. WIGGIN. Preiideat Ckaie Natioaal Baak Trustee for Personal Trusts FIFTH AVENUE A 36TH STREET, NEW YORK To the 4}_% thirty-year gold bondholders of E. I. du Pont de Nemours Powder Co. T'mler the terms or the flnal Jecr?a en-' ?er. ; i.v tbe Clrcull Coart of the tnitea Btatea ln the euit af l nlted Btatea of Amer l,a analnat B. I. du I'oru de .Nemoura Pow _er C.mpunv and othere, It liai been neeei ..,:?? to rreale two i.er; companlea aa followa: The Herculaa Powder Company. a Deia waro eorporaUon. whoaa total aaaets wiii ag ?i gate approximately 4i-l.ouo.000. Thla Company will laaue 4*500.000 par value of 0% ten-'enr gold bori.la. r.d.emable at 10.. - and interest. Tho eatimated eanilnge of me are equal to thraa tlmea th? annuai interwt " charge of ??0.000 od thelr nt*. ,.rd bond leeoe. Thi entire lntereat on theae bonds wlll ba guaranteed by _? L du Pont -!e Nemours Powder Company The Atlaa Powder Company, a De.aware rorporatlci:, abOM I s J_ aarjrre Kate approxlmatel! 5T.00O.000 Thii Com? pany wll: laaue 44.i i>?r valu* 2r 9 ten-year gold bonda, redeeaable at 108% and Intereet Tha eatimated eamings of wa ?. nre equal 10 three tlfl.ee tha annua. cbarge of 4140.000 on th?lr pro ,...>?_ bond laaue. Tbe ralln jnr.-est on thoae bonda ? - antaad by E. I. du Pont de Nemoura Powder Company. rhe Tmal A.rcemenn, under vvhlch tnese bonds ?v i:i be laeoed. ma* i-e Inepeetod at ? . offlee of Ouaranty Tru?t < ompany or ? - -. ft rk, na BOOn aa the torrr.s of bonds are approved bv tha Court. __.___.___a The decrw requlrea that hf-th tho ?.v.oo.nno of Herculaa Powder Company bonda and the j oooooO of itlai Powder Company nomia ?hall be dallvered to - I ?? ynnt (ie Nemoura Powder Company In part p.iyment , roperty traneferred bj the latier to ?i.e? two nen i ?" The docrea tar . 'hat r-'ie-hilf of Theae bor.'ie. ,. __|. - - - ten-year ... ,,..._, ...|?r Compai r ?.. i j; B00 000 ' r value of 4 ?? n-yi ?? S?_" ? I '??' ' | [ lu I'.int de Nemoura Powder om |y with thla condltion hav. aoid ? ' ' " "? _? ___ "!"," lle_ l ?? ind 41,30 " ? par and ; ?? , .!era of tba ?>'?>' ? li of E l du Pont de Nemoura T C npany ahnil be Rivon the prtor . . ? inda at par and ? ? ment therefor the 4 I ?"?-: rar rnl ? ,,r k t du ?' t da Nemoura Powder Com ?? $?? 0 p r '? ond ?- i du Poni u Nenruun Powder Cem ., ,v ar no - extandlng to tl.eir ? . . ? pi lleca of auba irlbinj to $6,000.00*1 r?f Herculeo Powder Company bonda and 43.001 ?00 f atlaa Powder Oem pany bonda nndor the CoIIowIbs ttmn aad ona: .. .,-. ,,. h. || ,; 110.000.000 of the i ... 'red foi eschange. earh bondholder ihall bi te roeehre M00 p_ai ralna of Heroutea Powder rompany and > i , 4r ? iii '? adi ol Atlaa Powder Compaay, In exchenge for earli Jl.O'H) r-ir . ,;.ih ii. ; , of tne E I. du Pont Be Nemoura Powder Company held by him. tho I ital ii -i? t < f thaaa new bnade .- acar.ain *a $0,000,000. ind la therefore Inaufflclent to exehance tha ?rt:r* authoriiad laaue of iift.ovtn.ono B. I. lu Pont ,t? Nemoura Powder Compaay 4H?t , n.'.s outataadlng the rVht la reaetved ro 1> i-'eaie thi gllotment pro rata to each bord !i, Ider :n tne ? ????rt of over-.u'.iecrlptlon. fhu* lf only $10.1100.000 ef the 4H44 hor.da _re offered tn axchanga a holder of $10,000 it gueli boi fli ? M reeeltro: $e.0iK) Rerculee bonda at par $rt.0oo $3,000 Atl ia. '3.000 10,000 2nd. Conpon bonda of both the Hereulee Powder Comjany and the Atlaa Powder "ompany wlll be laiued ln $1,000 d?noTilna llons an,1 1 egla'ared bonda will be liatied tn lenomlmtlona o* $iort ???,] multlple thereof flrd. Tlie Court'a decree providea that the llercilee I'owder CV,rr.r?ny and rhe Atlaa PoW ler Company aliall not be llatlo for the pay ?nent of the Interest on these new e% borda UUeag the earnknxs for thelr flacal year ara mfT,r!erit to meet auch lntereat paymenta. Aa vrevlomly atated. however, the eatimated earn : _? M both tbe Herou>a Povder Compiny md the Atlai Powder Company are e<jual to hree tlmes thetr bond lntereat paymenta. and n addition thereto, the paymenta of the entire ntereit on theie n?w bondi wlll be aanan eed hy 71. I. du Pont da Nemoura Powder .'ompany. Thoae daalrlng to take advantage ef thla of ?r are re<juesfed to d?roalt thelr 4l?% bondl if Yl. t. du Poat de Nemoura powder Od. with poeember, lf>12. gnd i l mba?>juent ooupons inne.e.), wtth the O-iaranty Trust Cnmpany 0_ S'ew York. No, 2> Na.?au Street. New Vork t'pon rerelpt of bonda so depoatled, the' Viaranty Tna? Company of New York wlll ? ?:,? an Ir.tnin- rocaipt therefor. togetber with l cheefe coverinjr lntereat to ne.-_niber Ist on he 4'jC bonda go depoalted. Aa aoon aa tiie HHI bonda have been re.-elved by the Ouaranty I'niat Compaay of Ham Torti iwhl<*h lt ta ex leeted wlll b? gb-njt December l?. 10!2\ lt wlll nall BOtlea t? tbe holdera of the tnterlm re aApta at th* addreaa then upon the booka of be (fuaraiity Trust <"? tnpany of New York. ind upon eurrender of tbe tnterlm rer-elpta. new lOids aa tbereln called for wlll be Jellvered, t.> rether with the ,lie?-k for tho lntereat upon he par value of the new twnds for one month rnm |ieretnb?r 1st to January lat. at the ra'e if r."i per ntin mi 4th. Thla offer wtll erplre rn Moeen.t er lat. 412, .ind th? Company teaarvea the right to eje-t BBy nnd all BObecrlpltoas reoelved tbere 3. i. nt; PONT DB NEMOURB POWnHRCO., PIBRRjg ?, Df rtiNT. Treaaurer. REORCANIZATION United States Motor Company ALDEN-SAMPSON MAN0FACTURIN6 COMPANY. BRUSH RUNABOUT COMPANY, COLUMBIA MOTOR CAR COMPANY, DAYTON MOTOR CAR COMPANY, maxweilbriscoe'motor COMPANY. To the Securlty-Holdera and other Credltori of the above named t'ompaniei aad te the Stockholders of l'nlted State* Moter Company and ot Columbia Motor Car Company. Anno'inceT.ent la made that o\er 81V, ef the Indebtedness of the eo.npan'.e; abevi mentioned provided for by the Pian of Re organixatlon, dated Octoher 10, 1912, hu been already depoalted aafcjeet to aald plia Deposlti of additional IiKKKNTVRl BONDS, BOND Sl K1P NOTES gnd CLADtB may bo BM?? w!t:i t:i* D-posltary. CSN' TBAL TRL'ST COMPANY OF SCIW TORK, at ita offloe. M Wall Ittaet ^'e'- Teth rlty, until the cloae of buslr.era NOWMB-I 9, mi BeMen of prkffkrkd \\n cohmox STOCK of fnlted ftatee Motor '.'orr.pany ar,4 of Columbia Motor Car Cewn aay de<'..-lr.g ?? partlrlpate in ti.e beneflta acCQCdad them by tlie pli-i Ot HOOTdBnlBBflen :r.-.it deBOelt tiie'r gnrtl_ea4eg of atoo*. -,- ropw ??? *??? ita tn blank _nd be_-:r? t.-.e tf<vk ngfei tampa raq. -d b--- law, ?'.th th* eport ?. rENTRAl. PRCB . ? n \ ?">.-?. st va aOlca ' N- .' TMl % I I ' B > Yc f_ 's tho I ?;.., > -i - ?? ?a i led la ?>'?? ,"'ar. ?ri ni-n. ??!4 f. c a, .-..*? at? ? paa raiue U ? i - N ? - so ; - _. l %i fi laeta ?' of em* tent.-i 'he ar HTW -o i B NggeOI thereof $. 4 i per - ? te ic pald to tbi r> poaltai ' ' '? ' tlUlBIBI BB J - "HM 1 l ?:. malnlr.g amout.i" t.i , ' t i? wlll be called f.r ln laatal ta - than two week*' publlahed tt ' vlded In the P'.an and . < ? failzatton. AFTKR NfmO ?. Iftt. ?? MU POSITS Wll.f. RE BBCRITBD _XC_Pt W1TII TUE trONSKNl ov IWM COHMff TEE AND TPt>N TMK PWMKM 09 r?ri H PENALTY Ae> IT Sll \I I, IM'.- 1 Certlficatca of Deg ? I '?'- laaael t*e atl aecurlttei. clalrr.a ?r Upmltll For copiee of the Plan and A(roon en' of 3.4 organltatlon or for rartber Inlortnatlai :a reapeet thereof addr aa the B* retl >' of '?'??? Committee. The Court havlrg- flxed HoyaymOOt 11 I aa the date when lt wlll ggBBlOM rM tenna of the propoiad order d'.reot.. < a a*:e of tha propartlei. credltori Bad atoeltbeldera are urged to make depoalta aa aarly Ae poaiP'a. Dated. New Tork. October i.i. IBUk GKORGE W. DAYiSON. ChMrmar: 0-U-BiM H. SABIN. BEXJAMLN HTRONO. Jr., AIJIERT H. W1GOIN. JAMES C. BR-ADY. ETO__STC MF.TEB, Jr . NF AI. BAVTOCX, . I.ISII . S. HlHHVi Cemmlttae. JO-IN-B, XaARXIK A lifDOWl Cour.ieL A. BPOTSWOOD CAMPBBLI. Sicreu_T, R4 Wall Street. BJaw York City. n x? pro of lUor DIVIDEND NOTICE8. TIIE PFNNSM.VANIA __, R. CO. Pl-.lladelphU, November 1. 1013. The Pcard of DlroctOre has thla dav de ?larod n querterly ?llvidand nf One and one inlf per cent. oeven!\ flve , ,-tit? per ahare) :D0n the Capital Stock of the Companv, layabl oo and after Nov'r 80, 1912. to itock luldora aa ragrlati red npon tlie booka of the lompany nt tbe Cloaa of bualneaa. Nov'r 4, M\2. C'neelta wlll ba malled to atorkholdera vho hav fi.led pen?iinent divldend ordera JAMXfl P. PARKXtTOOK. Treaaurer. iDVKRTIFKMENTS AND SUBSCRIPTION8 for The Tribune received at thelr Uptown i;n- e, No. 1304 Ftroadway. between .?>Pt:-. and 17th ata., until 0 o'clock p. m. Advertlie nenti received at the following branch offlcea it rcgOlar ratei until 8 o'clock p. m.t vli.: 1C4 8th ave.. a. e. cor. 23d it.; 168 8th ave., or. 12th at.; 104 iiaat 14th at.; 2S7 Weat 42d t, between Tth and 8th avea.; 2tU Weat 2Cth at.; 1035 3d ave: 1708 1st av*., near S-tti at . 1G7 Kaat 125th ai. Registry of Public Accountants Municipalities, corpora? tions, firmB, business rnen and inveators are realiiing more and more the impor tance of safeguarding their intereata by the employ ment of responsible public accountants, equipped by experience and character to render impartial audita nnd accounting tnvestiga tions. NEW YORK BOiTOH. MfHOI.AH T. FICKER * fO.. ACCOUNTANTS AND ENGINEEH*. All Br.inchea 40 CHl'RCH ST tJ.t.'-H Cort. ARTIII R "\VII MOTT. < P. A.. Audlti. flr'.anclal n porta r.mp-.l'.atlona Hpecial lnveatlgatlona ?aaart Pablic Accounting _104 llrondwar. Phonejtevtoi ^0,2. CERTIHED AU'll CO. OF 4MERICA. terinle.l Public Accountunte aad Audlton. EDWARD 44. HYAN* <. P _; ITea.. 186 Fiftll Avenue, New \ok. Phone Qramercy 120q?T._ T.ESIJE * CO. 44? Plfth Arenue. Tel. Oreeley M W. A. FI.EMING A CO. Publlc Arcountanta and Audlton. Modern Accounting Syati-ma Deviied Instalh-d. 4B Naaaan Ht.. New York. Tel cortlandt 1330 FRED. HABE-MTROH. (vrtlttrd Publlc Accountant. Audlttr.g. Kyatematizmg. Coat Accounting. (^omprehenalvu flnanclal atateinenta prepared. World Bldg.. SS Park How. Phone Beek 43lt and '_" : RAILROAD AND OTHER STOCKS (Contiuued). No. haieajDlv. I Dlv. ?old. [lUteiyleldj l.SOO 880 2.IHJO AOO l.ieaM 4.6uO| 1,400 ino| l.SOO | 800 ? lIlOl ? I ? |\Vabaah pr., S.Sl|\Yeiia I-'aigo Eapr. ? iWcat Maryland ... 6.20 Weat Maryland pr., g.BS Waateni t'nlon Tel. 4.s> Ueatingliouae Mfg. >P,Woolworth .^,. 6 l_i do preferred., [Wheellng _ \. B... do lat preferred... d-> 2d nreferred... Quotatlon record, wk. end. Nov. 2,' 13 High. I Low.)Cloaa. US 14H 120 53 % 77 78 81 *. iitH 114'. 8H 2.8 S 13". 14?a l'J| * 66', 77'i 80 81 118H llli fl't 2.4* 13% ?And extra. Total lales for the week, _, 154.10.. 12u' f.4'? 77 78 82 112% 114?_ 0 28'i 1-1'lf = Range 1012. Net Hlgh-| I?w-i change. eat. | cat. | tVk ? 1K ? i>_ Range 1611. Hlgh-ILovr eat. eat. 139 7ft 68 H I* 4