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Mexican Government Gives
Board Bonding Power. I H. BROWN STILL HEAD s> - His Re-election Taken to Mean No More Interference by Huerta. I flv Cabla to The Tribune. | Mexico City. Oct. 2-As a result of yes? terday'8 meeting of the stockholders of the National Railways of Mexico and the announcement that President E. N*. Brown would remain at the head of the ?rstem. consi?lerable optimism has devel? oped Marauding the future of the property. Gratirlcation is expressed particularly over the permission granted the dlre<> torate to issue bonds to meet requirements u it ?ece fit and over tin- agreement be? tween the company and the Mexican gov? ernment by whuh the government ac? cept? leapoiialbllttjf for such Kisses through revolutionary activity as damage to military trains, damage to roads through tie operations of federal troops and loss of traffic due to the temporary conflscatimi of the roa?-} by military au? thorities. The accounts of the company showed a balance for the list al year of 98.CX) p|sos, witch was carried over to the next year. The by-laws were modified to permit the yew York vice-president to be a director. The b'ianl of directora was authorized to meet any Ums before the next stockhold? ers' BMStlng. In 1914, to make such an ar rar.ienient of the present Issue of pre? ferred at 1 g?n?ral mortgage bonds an may be reqti red to compensate for losses entailed by i -?volutions prior to or follow? ing the ?present time. The announcement that Mr. Brown would remain as executive president was taken? to mean that he had received posi? tive aSSniSlV?es from Huerta that there would be no more government interfer? ence with the? routine management. When the nationalization of the railways was effected the Kovernment declared that Its only object was to influence the policies of the manacement in the broader quest inns Involving the general ?conomic Interests of the nation, while permitting the ax?es the officers a free hand in the operation. The a'Jr.ii.istratioiis of Diaz and Ma?lero lived up to this agreement, but when Huerta bei ame President his fit st Minis? ter of i oinmunications, David <le la Fuente, displayed a tendency to dictate the minor details of management, such ab t >? appointment and dismissal of em lioyes, aid so on. This l?d to President Brown's resignation last July, but sine then De la Fuente has retired from th* Huerta Cabinet. H Is tupposed that the sew Minister will keep his hand? off. The personnel of the directorate became known to-day. The New York and Mexi? can boards remain distinct, each board havln? ?erara] new members. The mem? bers of the Mexican board who were re elected are i.uis lUgnero, Kdward N, Brown. Bles de Urna. Gabriel Mantera ?and Wmiatn & Mitchell. The new mem? bers of this board ?are Guillermo Brock man, Isaac i'.ustiiinciite, Analto ?'hristlieb, Fduardo I^ibaton. Antonio Pliego Perez, Emilio Rabaaa and Jos? Simon. Of tht- New York board William 1? Nichols. Walter T. Rosen. Charlea ?H. Sabin. Hans Winterfeldt. H. H. Wahr? han? and Paul M. Warburg were re-ele<t ed. Th? new members of this board are I?. P. ?Bennett. Henry W. Taft and Ri? cardo Huerta. The Mesticen board has twelve votes, the N?-w York board ninety, The ai'iioiiiiouieiit that it. Clay Pierco Lad retired from the New York board and .T. \. Galbralth, sjenersJ manager of the Wat'-r.--Pierje OH i-onipany. In M?-\ Ic-o. fron?, the Mexican board was loceived bore with interest, but without special toiTini?- ? The election of Jos? Simon. French manager of the National Bank Of Mexico, !?? the Mexican board was taken to Indicate a growing interest In the sys? tem amon? Kn n?-h capitalists. The ek? tion of Henry \V. Taft to the New York ??oard was well received here. PUBLIC UTILITY NOTES. A temporary injunction has been grant 4d by Ju'te I> .nn?-. of San Fi ar<l?o>. to R. G. tfsnford, restraining the bustea? of K M. Smith from entering into an ??reenient with N. W. Hals? y & Co. t?. extend the time for pavanent of < note? of iho o.-ikiand Terminal Railway, - - llary of ih?- I'nit.d Propi-iti?-. Company, dtM Uk June. Mr Haiil?i i h*.* an option <% th<- United Ptofasrtlee, and !? en?1?-a\orlng to form a syndicate to take over the Oakland Terminal ?Rail? way. El Kso Electric Company. The El Peso Klectric I'mnpanv reports POM earnings for August of $?55.590. as compsied v.Hh V2,!01 for August l.^-t )'?-er, an increas? of $-US:i; net earnings *i" 1-- . . . j,utist $*>,'?*> for August l??t r?sr, s gam of $4155, arid surplus ?over ?l*rges for th. mouth was $-5,'>l*, an In? ? r Ih? twelve months ended August 8 gross turnings were $#i7. ?i?d wrlth^VatXret tot the I'M ?NbBJ twelve inonlhs. a gain of $117.'**. inga w. re HM M, ?s ?against tsi^.w,. ?a sain tf IS40. and surplus ?aver eharge? for th? poteoi eras tatXMK, as iompare'l with ?^?5,'M'i for tlie eotTC? ?ponding P'.-iioii ih<- previous year, an in? crease 0f %UE<Ka\ Dallas Electric Corporation. The rompsrattv? report of Hie Dallas Elt-ctri.- corporation tor th?- month "f A'-gUKt an! the twelve months ended with ?-eSjDSt is ab follows; Monti ot Aususi Mil IMS gn?? ?-?I'lin?;? . 1180,133 $147..-.M' ?Jet etrnins? . TT.egi .'-'.'. IB ?*"n>lug over charge?. W,'>7?J "14,405 ?S?in 1 An?;. 31 ? l?? ??ilia.?? . XOIXt?A l.74t',.oik 2ft arcing? . tlV.'Ml 041.1J7 n*mna*et cb*T$oa... ? ??7::.!?7i :'71 ".M Jackaonvilla Traction Company. The Jacksonville Traction ?'ompany re .?Wl? gross eariiings for August of $55, ?*?. as totniaie.l wits. MI.IM for August llut year, an it,, rease of $i;.399 : net earn "*? Wer? 128,711, ais against $15,385, a Wn of \:,,v:,?,, and surplus, after chargea, ">r the month was $7.74'!. tut compared Wth $.*.,4.'.i ror August, K?l~, an Increase *- H.-'.';. Kor the twelve months en?lc I A-Sum |] %TOm en minus were $607.1!!?'., ?? against |&IS,?tl fo?> the preceding *-*elve months, ;, gain of $18,3IS. The **t ?arninj-s for the hr?lvs BSOntllS' period *?re I2IM-II, or $ll,5:'6 less than the ?frresiifjiitiiii?; patriot a year ag?j, and mir WUa ovet chsrg.-s for the peri'.d was $70, ?**. a? against $ I'll,224 last year, a de? ^?aae of $30,581. CURB ECHOES. : ?September the mine? of the Crip ' --reek district produced W.390 too? of ? with a gros? bullion value of ?1,;,'!. The .ann,J??l aseettag of stockholders of the Tobrtcc-o Products Corporation will be held on October 9 at Richmond. Va. If a : ?talement Is issued to stockholders It ?MU ?show the first year of the corpora? tion's history to bo a very prosperous one. The Tonopah Kelmont Development Company and the Belrnont Milling Com? pany report receipts from sales of ore, bullion, etc.. for the quarter ended Au? gust 31 last of ??.521: expanses were $-W9. '?35. and net earnings were 1541.as?. The available resources as of August 31 *ere: L>ue from smelters, $439.423; du.- from Oth? crs. $8.747; IcanB on collat??ral. PM4N; cash in banks. 1727.0&9; total, P.MMU. Business on the New York curb for the month of .September totalled l,470.84?' shares, which was an Increase over the volume of business in August of l97.?;:o shares. There was a decrease in the bond business for the month. BANK J?ATE RAISED Official Discounts in London Are Now 5 Per Cent. I-ondon. Oct. 2.-After a prolonged dis-( cussion the directors of the Bank ?if Bat* land to-day decided to raise the bank rate to | j.er cent as a precautionary ?aaaaata ta protect the hank's reserve, which has been depleted hy more than $10.000,000 this week hy exports to Egypt, : while the weekly Consignment! of gold | from South Africa continue to be a'. | BOrbOd hy the i'..ntment when the scram? ble for gold continues. The discount market hardly expected ths advaacs to-day In view of the firm? r New York exchange, hut It was rSOpg? nized that some protective measure wouUl be aseassary la the mar future in ord??r to enable the Bank ?if Knpland to get the gold arriving from south Africa and build UP it-? reserve, which ha* fallen much be? low that Of last year. The higher rate. It Is expect?d, will serve as a warning to other quarters to eh-rk their |**f***f-**-*-n|iTa gold demands. The advance In the Bank of England's rate excit??.! no surprise yesterday anioinr local bankers conversant with European monetary conditions J. K. ?Jardin, vice president Of the National City Bank and a recosmlzed authority on discounts and foreign exehanpe. attributed the move more directly to the higher discounts re? cently qtiot-d kOJ the Uondon private banks, which were ls to %\ above the Bank of England"? rate. Bankers wlrt? International connections ! point to Egypt, Francs and India as fac ! tors in a situation which has caossd the j world's foremost financial InotltUtlOQ 10 I advance its rUBoount at a period of the i year Urban reductions have oftener I???? n | In order. Intimations that the Imperial Bank of Gsnnanjr may Boon reduce its rat?? sri ii"t ? r.-.iiifii hero, srhsrs Berlin's frequent money strains have been th.? subject of much comment and n?? little eoncern throughout the current year. U. S. EXPRESS HOLDS OWN Parcel Post Fails to Cut Gross Earn 9 iiigs This Year. The annual report of the I'nited States Express Company for the year ended June M, IStS, issued yesterday, ?loes not indbat? any serious los? In business ns a result of th?? competition by the pare? 1 post. i'.i o.?8 Saratoga amounted to W.CM.X19, an increase of $7?H.7_'7. Bscaoae of pdatar operating costs, however, then- was an (perating deficit for the year ol *>i"y.?i-, B compared with a di-ficit the previous year of I?1.0I2. From sources other than opPTBtlOB th? company derived an Income of |MMMi bringing the total ??iconic for IMI up to I-.V..3IS, a losa of U.271. Alter ?li-ductitv |_'4.2S0 for mlsesllansoua sapons se lhare remained a h.t'.ance applicable to dUirt. n Ifl of $r?2.03*?. whi'-h is equal to -".- put osni on the xb'.m>>.<>'i capital, compared ?i'h 2.0-i per cent tarne?! at the end of Juin- M, im N., dividends w ? re paid l..-t .?. ??ai*, hut I in th* previou.? year SOgSMt was ?liMiib uted to stockholders, whi' h U f t a profil Sad loss dOflcH f"i that period of l-""',77l BOND DOTS. Re-portS State that Breed. Elliot ?V ll?r rlsf'ti, Of Cincinnati, wer?- awarded re? cently the 112,5?? 4?2 per ?ent eiKht-v? ar average school bonds of Efthel Town ?hip P? h<?ol District, Pooey County, in?j.. de DOmlnatlon Of WAS, ond dated August 6. 1913. Asotin. As'itm ? .'??unty. Wash, Bfttl Hold an election in the near future to'SUbmli to the voters th. proposition to issue the IM.Q0I bands to pun-has?? the W;i>hiiKi"'i end of th?- Leurtetoa-Clsrksoa bridge snd |.:.0.i?i? bonds to improve the highway bog to the bridge. If. Jackson. Township Trustee of BtltlSf Township, Miami County, ind., srlll re? celve .proposals until noon on OotOber l-"> for PMM I'-.. PST *OSBl BOhOSl building bonds, denomination IMM. datad ?sptera bsr 1. MS, and due 11,000 yearly from S p tomber i. ItM, to Htd, Inclusiva It is reported th^t Santa Ana, QlWlgS County. Cal., held an ele? tlon on Septem? ber 11 and the qUOSttOfl of issuing the $63,000 water s\st?in < .xt.iisioii and $1J,'O Flic Dcpartm? nt iinprov? ment bonds was i an lad W. H. Cuiiil?t"il & CO.. of St. IV'i'is, were the successful bidders recently f??r MMM 0 tier cent Ui-'.'O year oVtlon w.u. r works bonds of Hannibal. Marion County, Ido., ?land September i. IM j. K. ??old??bogen, dork of the Board of Cfiunty Commission?;!* "f < h-vi land, ?uyahoga County, Ohio, will rc.-eiv.? ,io posals until U a. m.. OCjtobSff 10, for i'JK (*D 6 por ?'?nt coupon bonds, denomination li.ooo, dated October i, bW, and" due Bfi. 000 yearly from April 1, 191?. to MS. inclu? sive SHORT TERM NOTES. .M.,"i: ?UK ISU 'I* I (Purnl?i:<d by Swariwout &. App?SSeBsr, No. 44 Pine ?u- ? : > Api'ii.x. Maturit?. 'i ? Ask^.i >i? !?:. AniHj enr, !> V C, M? h l?, l!i).r, M?'? ft?'?, V.'.', ft?it <v <i :? p ??? -I"'*- 1014 ..1(k? n>.i<4 i I? B??*t &? M? & p <*. Keb li. 1B11. U. d?, ?; i ?, I'm? "?t. 1814.?7 SB1-. Bkin n 'i'r ?'? t a, ialf, i'J-s.. W? at% <|? , ? O 4% P C J"a*, 1?14. ?H'-j Mi rjhic Ri By? ?'? P ? Jli:i' ?Mu* 9r>'- 9,i'lt ?ii a. W t "? b <? Aft. n?if'--- 0A% H3I ??oil? Ou? J P C. reS i"'. 1'J14..1WIV? IO?1;? 4J*n G A e ? I> C M-iil. ion. OS. w? Kile. I p ? ??#?"?? l1*14."ffj* *Z'S' :, i, ? ? '. i. ifl ? . ? i*n on ? ,|.. B !?', '..ill toi.'?. 07'' ;.; ? KJ 00 ? on S.30 0 ?'<?? r. X', 4 SO 7.no 5'Ji ;. .*..*, ?',.?.-. ?ien F. moeto, M rli i?. ltrt4.?V10ff6.7?5pe ?*?!? ilHii Ifjb 4'? n '. Jul>' tSiS... 0?"?1-* 07'? ? !.*> It ??.Ural C? P r. July. 1014 . 00? if..?. 4 !..*, it YatRarfv t. lob. wntwu tt;\ ? St Bar* -*? i? ?? Fok Ik is?i? w\ SS% Vs?m H 4% 9 a.ktek IS, H m . 100 ill? h Coot 4', p <; ?*??*;,}?" fS% -?? am* Ait ?Use f? ?%M^'??. ?? ,g pa PSC 5 i? C, June ??*?? >?><?-? ?*?^ ,?"f* *? s,? itv n pr Fob, loin.???*? o-.,4 '. ?i.n Tm?.-w B I? '. IOO, IIH'l K% 07 J?UrWl Kn.il ?i p e. May. 1S11 Um-, KM . VV'eit Bl *. ii ?P^. A"?? m* w',* lw' 4 BO 4 .'HI 11 ?.?O 7.00 1 ?JO 4 :*, 4.70 CIS i NEF NOIES OF FINANCE Paragraphs of Current Interest for the Investor. An estimate of the amount of United States capital Invested In Canada by "The Monetary Times." of Toronto, figures that at least $5!?$.?000,(i<?0 has been put into the ?"anadian field up to this year, as com? pared with ?417,i>??.Oou in lfl] and tVii,nc/yA in 1910. or the total more than $150.000,000 is Invested In branch factories and ware? houses of Inlted States manufacturers. About $IL'4.0"O.(?t0o has been invested by the 1'niteil States in ?'anadian government, municipal and Industrial bonds, while I'nited States life and fire insurance corn pa nies have investments in the Dominion aggregating $67,ooo,ooo. over $130,000,00) is represent? ?1 In I'ritish < olumbia mills, timber and mines, and there Is a large investment In the prairie provinces in lands, intnee, packing plants, factories and warehouses. An optimistic view Is taken ?if the outlook regarding the development of i'anadian resources, and the editor pre dit is that during the next quarter of a century relatively greater pr?>gress will be made In the Dominion than in the United States. Wealth of California. California has shown remarkable growth in Its resources and wealth, as well as in its rapid d?'velop*tnent as an agricultura! state. Figures compiled and published by the California development board show that the value of agricultural and horti? cultural products for 1M2 amounted to $43?VK?71v. ??.mpared with $4.'.,.2r..:'l?> for 1P11 and with r213,0O0.0nO for the year 1907. The value of mineral products of the state in 1912 wo? $S7.4J.'..0>'''. about half of which Is represented in the petroleum industr?.. i.\ mber ?products ure given at $23.?<?"...''r1 tnl manufactures at $s.V'..24".?,<?:<?. which makes a total production of wealth In ? allfornla for 1912 of $1.0$?7.7?iS.7?>&. rjeS> sidering thl* vast showing of wealth, it ta not astonishing that California to-day af? fords a market not excelled. If equalled, by any other state in the Union for the sale of automobiles and other luxuries. Railroads Losing Ground.* According to th? Kailw.iv l'usine?? As? po dation, the steam railroads of the United States wl 1 show for the year ended June .1". MS, a loss In n?t corporate InOOrne applicable to dividends. lmpr?i\. inents and surplus of $11.BBS,312. as c??m paied with the twice month period end?-.l June 30, IMS, or 2.47 per cent reduction. The association als?? slat? s that In 1C*1 "1 the (?ross opotat?ng rervenue was M p*r Cent larger than In lt?10 and 2 per c.-nt laraer !n 1912 than In 1911. while at the tinte ?the net corporate income ap pllcabl? t?> <i!\ iiieniis. Improvement and surplus was 2'J p**r ? rnt less In Ml than In 191?? and Ii p?-r <-.nt 1? ss in lf*12 than in 1910. in analyzing steam railroad earn? ings, the Railway Business Asao?riaMon Calls attention to the fa t that the figure* furnished show In th? nggregate the mar gin ??f saivtv lu sa i nines on railroad bonds has d'-'llned Pursuing a pr?J?-e?s ..f leasmilng ?beead on the deduction t?> be made from such a showing, financing I'pen.ti'iii.s will be ?lift! ult f?.r the rail toii'is bea*eafter unleee some relief is af furileil in the f??: ni "f Increased rat? m and the development Of ernVten<-y. Donna; Ute lau few years otber rhenntt^ for the ?bses ption of money bavs ???petted tiiat Offei In? sain- relativ.- element Of Safety, and returns in m.niy instan?-'? n larger. BOND SELLERS TO MEET Interborough Syndicate to In? spect Lin?s To-jflay. Ifors than three hund? ? ?1 Ir'TtHt*! fi'?'iii all parts of the counti>. who are Pjesn? bets of th?- isHIng eynell ate winch in purchased $20,ooo,?100 of new lnWrborougn Rapid Transit Company Hist and tvlui.d per cent ?bottais, ara txpoctm? to at? tend a meeting t?.-.i.i\? at the Hotel ?Bel iiioiit, when T. P. Shouts will explain the detail.? of the n- a Inteihoeougb system efter lunch? ?? The ?rialtlng banker? will sleo b taken ?-?n an tnspe't'ion trip over tlie compai | lines to give th.-m first hand Information m selling the nee? securities, fubiic of fering <?f the ?bonds ?rill tthet) bi seetb next wick at a price SSpOCted to lie Ml or '?it A stsTtemenl Isetied ?/estertey by .1 i' Morgan <?. Co i sad In ?eu t : "It is estimate?! thai ?M ?arningh of th' [nterborobgri companj nave lacreaaed >BMiA0| for th?- ftrat nuce ?jsstnths oi Lb j. ar, and thai thi net ? arrilngs for th< entire ycat will show an Increeai <?( more than si.c'.O'ki ever last foot'* flgurea. ??'Mi,- ? n i.\ ??ubordlnatlng returns on its investin? nts t>.? the Interbos^ougb Itself In a position ??here it is BSj?8ieser.I) vitaJiy IntereeSed n inMiHtuiK ?apon an sffl dent and ??ronomlcsd ?4ratnlstre<tion and operation Of the propSfty, and 1 ??? ? lty*i paitiiersh!p iiii'l.r the cnntta?t these near Inti rborougb bonds may he call? d a 'quaat-munldpal' lorn. PEOPLE'S GAS FINANCING Mortgage to Take Care of All Issues Planned. It was learned yesterday that a meeting of the ilisishoMere ?>i the People's Qaa Light anil C?ike I 'iiiii|'iiii> . "f ? 'hi?-.igo, will Im (ailed in the near future t<i authorize an in??reaae In the ?soenpany'e ?apitai sto?k of $!,,<XA0<J0. This will bring th?- total au? thorization to JVy'.OoO.OOO. Of the new sto<k $3,500,000 is expected to be offered to stock? holders shortly at par to the extent of 10 per cent of their holding?.. It is UndetlOOd that the stockholde: s will also 1er asked to appr??ve a new t. funding mortgage to take .are of all Is? su? s now outstanding and t?> jirovlde funds for extensions. The amount of the authorization may run between %m,WQ,ty> aid $150,DUO,nOO. U. S. TREASURY FINANCES. iTssblnflnn. "? 1 I T"1"' condition of th? rtilt.il St.it.k lrr?nur> nt the iK-glnnltig of biiKlue?? to ?Jay ??s Mart talan, e In gaMf/Sl fund |180.?1?M,328; totml r.-?-. t|.t.? \ otrnl.-x. ??? 370,295 ea??1 payment? >??terduy. $2.l??4.:-.'i.'. Th? iLfi.it tin? OMcm\ rear 1- 110.087,818, against a ?lefi.it of 17,827,401 last year, <\ elusive of I mu?.mu i'uiirtl and putill? ?1? ?>? tiaiif ... tit ? a, PUBLIC UTILITY SECURITIES. t Furn u,he<l by 1 1 ii.i Am I* A Tr.3.r?3 do pref.m Adl??"i'l K 1' H do pr??.f. *'* Atn Un? A K "3 do pref.46 Am P A Ii*?. 5* ?do pref. 1 A,? 1 ni. Itll 4? 'I" P?-?*'. g anea iarv... ?? du pref. ?J tV.intii PRAU M S? pref. ?7 D o.?- v; g le M Klee Hd 1> Pf *" Kinp I) W '-? W do pref. ?0 Ked I.t A TV g d'. pr-f.* iva t til. lnc ? .?o pref. ? O? ? g ! Psa ?0 do jrtef. 5 Uacola ?.i^ ? (. I" M.i-ennell & Co , N?. 15 l'un- ?in-et.? . A?k.| B1.1. 3?7 I M.ititan? To?.. 40 ? 107'"jj do pref. ?4 17 I N i?nt 1. & 1? 10 I do pref. 1? M ?siaic? Piaw. ls ?lu pr?f. 7J ' '/...rk P A W 40 l'aiin?: r, 4 i-; 37 ?lo |,ri>f., ?-4 Hep Ry * U IS 'lo pref. 71 ??o Cal KUlson ?4 ?lo pref. S4 1 .Sun.I ?g *? K. 7S4 I do pr?f. ?4 Tenn RI.4I' IS 1 do pref. ?? I t"n u & K>?. M : ?lo 1st pref.. 7??4j I do :?d pref... ?" i l'tah ??cur.... 1? i l'nlltle? Imp.. I" pref. !<e W#?lern l'ow *> |? So pref. MI 4? A?k. 4 ? ??7 lo 61 .1.' i* S? 7-1 71 ;??? M n M m 70 i 44 i?; VI CHAS WIDE m American Locomotive Stock? holder Would Oust Board. . I.-nac M. Cate, of Baltimore, who is a large stockholder in the American L-oco niotlve Company, in a letter to the Hot k holders askini? for their proxies for the annual meeting; on October 21 attacks the present management and the direc? tors. Criticism is also directed at the company by Mr. Cate for offering no explanation for the sale In 1908 of 9,?*iO0 shares of American I/ornmotive preferred BtoOk for &99,332. The charge Is also mado that the company In 1SH/7 and 1908 ! dealt In Its own common stock. In an endeavor to show that the Amer? ican Locomotive Company has been mis? managed Mr. Cate makes a comparison With the Baldwin Locomotive storks and I mentions the names of several oftl,rlsJS | and employes, asserting that they are officers or directors of corporations that sell materials to the locomotive company. j He saya be was Informed that the Amer j ban locomotive Company paid 33 per cent more for scrap Iron and 14 per cent I mur.? f,,r pig Iron than is paid by the I General Hectrle Company. ! "I am also told," adds Mr. Cate, "that | the company was .laying the Railwa> i tteel Spring Company 6 cent? per pound ? for springs, while they could have bOSO I mad?! for t% cents. I am tuld that the I price paid for springs by the company in t 1912 was 4's cents per pound, while they could have been purchased for 3V- cents, arid if the company imitated the Baldwin Works by making Its own springs, they iie?-d not have cost more than 3?? cents." in relation to the companj'a recent withdrawal from the manufacture ?if au? tomobiles, he declared that those made In recent y.-nrs wer?? Inferior in quality and workmanship to those of former peers b- cause Of poor management and workmanship. Stating that the closing of this department cost the company 12. ?IiO.?kj?i, Mr. Cate concludes: "Here Is a typical exempllilcation of wasteful and disgraceful sacrifice by your directors. Identifying them as unflt f??r the manage? ment of >our property." 1-elgh Best, vice-president of the Amer? ican LooomOttVS t.'ompany, said last even? ing that he had read Mr. Cates letter and that the president. W. H. Marshall, would no doubt make a reply. The lega? ler .-all for the annual meeting, be ! lar?.I. had be? u sent out In the mini'' O? Oeorge R dheldon, IMlny Ktsk and Al b'it i I. Wlggln. NEW YORK CURB. uiuie s generally Brni tons e*oa ?-1???^ n in the ?nib mark? t ;,. st? i ?la v. tradinr ?m th?- arbole ?a- limited lo ?< feat of the to? duotrlal issues British Ainsrifsn Tobae? CO was stronger and moie active, ?vlvam - In?,' about '.., whll?. ths BSW move?! up t'nited cigar store- of America si I Tobacco Products preferred erers i>ra?t: cally BSglsctod. There v.as a fair Inquiry for a liiitnlur of th?> Slainlard ?ill sub? sidia! i?-?, ??>p?-?-lnlly Indiana, which inov-'l up about ?i potato. Peoples Oes rights, after ??. light reaction, roooeored. The inlniiig list ?-?a?! tfrcKtilur, willi k fair in ?iuiiy for Btewarl sai Braden, Bond ?., iI .1.11, bUl K'ii'-rally St? TraasectiesM iti ti.'? Rosada group *<*r?* on a small .cale, with sIIkIU rSOCtloni the ruis Peala red la point sf activity Was North Star, which ?as??'l on* fiom Ieaiiy BelSS at 41".? to the low and I OB Int* at .*?<*. Toaopea Merger la-k-d nip? pon ami ?ame out at 7"i* and ?j1??? Jim Butler ? Imaged hand.? at H toi . and Iftspah Kstenslon at ??? ami tfurelalMd bj n?n>- E rhompaoe i ??? so ft Besod street > INDUSTRIALS. Hull 1st. grll i?Aro Tebscee fe% Boron CooAtooti Milk U"'-? liSkj do pr?tent l . Ml 1ft', '.??!. -, i, f . ?on I?uIIh r 'I In. ,!?? | r?-f.rr??,l . *? I i ? ? i ion i rant pref? n n i(.,\ |na ', ,,rV ? o . 'i Vt ?t?. preferred . 1? ?' Houatoa Oil _ H H kl? altan 'iran?lt. '?? \ \ Mar m of A;i.'i lea.... *> M?ws ? 'II . . .. '?' '-'? N T Tra?,?l>'ii ml ion Oil? l:ie\.itor . 7ii ~f> Jo |i. t. rr? I . I'l. I.l.i S .V R. <\ simicIhi'I ' HI ?.f N J. .. FR *>?'? Tob?<-?-o Product? r>r?f.. ????'. . t'nlied rtsar BUrreS .. M ? '???4 So |,r. f. rr?,l . 11? 114 r B Usai ?t H-at. I do preferr? i . 46 N \?. i :?. <??.? rland . ? .i" r" f? ried . ft% -- ? BONDS AND NOTES. :. ! ???? M - ni 14 17 1? 37?! M . Ill . B *? ?"Mi. Hr.i I. n 7- in?*? ,. i: it i . n it et . ' hl ai w . -. n, r , m ie MIN Atlanta . II.., M . hik Pour . Bm-les . BritUta Columbia - . 11 i ? ? 'oaaolldstad... 1:1 I'hi... . l-.'ly ?'?iiisulIdJl. i . ?il! ?S . i lr< ? n. I ,in;.n?-a ., Jambo Kxt? iiMon. K?-ir U.k?*. I-. Ii.-,- . MarNamara . M.is.n YhII?". . ?evads uni* . Okie . Pa?'lflc '*'ii'' lt?rs . Silver K.'is; . Ktearaii . T? ni.p'ili I ;?.:' iii-1' n .... T? iin|..iii Mersar . Tonopah Mining . .. TularoM . Weat Knd ?'on?olldated. ?\\...?? lui Bat. A.ettlaufer . lia i ? l ING. '?'-. i Mi .iY :t v, I . Il t% H m *<< M I 1-2 1-, I? 71 M? A <A f?i t: [g : ... n? m H :i y. \tw ill 7" 4M X l'i IM Ii : -'S "i m\ N M - i.t IK IS> ?'i 'il 71 41? 1A NEVADA QUOTATIONS. No. '-?3 rfumished dalh ky WOkr nro?. * ? ltn?u<l uircct, N??*' *?'irk i n i"!,fr ?. 1013 fOieOPABA ?i ? ??? j .In> 's 11?, mi A?k. 'iaoepsS M'iioiB .?liv*? * ''?? Tonopah Ralmont .'"??'. i-tt% 'loii"!'?!. HtiIlfHX .l.fTH l.tm ?|r,n,,|.ili Kxt.ni-lon ....I.*?"**? - O**? ToaopeJ] Marser .'?! ??" Hebnenl Kxlelialon .... '4 ???' <?yp?y gu.en .M ?"?*? .Un? Hull.r .*? M Mupah i:xl?nnlon .? *' Montana T?.in?'i'ah .l.W% ' ? Ml'lwas .<:t ?? Ma? ?amara ."1 ?" Monarch l'Ut? Est.H f"* North War .??'? " rUot-tM KiiIh .M *?%>.st Knd '?oiii?"ll'late?l. 1 M> "W ? <iiihO||,litt?-d .?V? r,iii.ni'ii-,i.i'> i:?i.|i|, l.i ???.ri*olid?t??.i..l"1? 1 M) Allant* .u ?Il nonti, .'.*' nt Hin? Hell .n' '" Wine Hull .O* -n> .- ?i li i'oniiollitated."S .n.*, Comblnittion Ithc ion.. .?-'? i>i.?'n i ;i.??i?i i>*i?->.M liimi..-indtlel-l P Hutte.. .Cr" I'i,,r.ri, .--' Ootdfl? el H-hnont .93 jiM,i?. Pstanetos ." KeiAurs? .?* Leas "-tur .w -?w I o do I C-IOM. RM ??* 4 Cri ' "?' i 4n?, i.wu tiS .70 l ? '., o; .14 M i.-., i j. n n n IJB O? 1 ? i ;..;?; O? .01 I II. .13 .n-, ! 13?* l.&B Il ,11 ?'i M N .04 ?Xi .M M ?>. M M y'nt a. Mil?' <ir , . sai ? r~n Keniall Hill ? 1 ich ?"OU. Ver?*.?', . Yello?* ris?-r ,11 .10 .es "t "., .03 Migcrgu-ajiaoi "s. r.ilivi.-?* A?.lee .o? os 1'lttnli-ji-sh Klber Peait- ?7 41 Uo?jn?l Mt Sphln?.0? 07 Reaad Mt Mlnlns..."^.. ?<?> ?<?"> M??tili?tti?n fon.w -'0 Manhattan taxier .OS M Manhattan His Four.If I KavaSa inn? . .* "^ .N? .,. !.i Wundrr .' '?& 1'' .'.'I .11 n, .03 I". .10 .03 .04 .04 M .0? .41 M .4? .10 O, Jl i.ie L* 0?5 .37 iK .41 N. Y. C. BUYS 420 STEEL CARS Spending $5,300,000 to Pro? tect Its Passengers. [By Teierraph to The Tribune. 1 Pittsburgh. Oct. 2?An ord??r for 420 Hteel passenger cars, valued at 16,300,000, wan placed to-day by the New York Cen? tral Railroad Company as a result of the determination of government officials to compel railroads to une steel tars. The Pressed Btosl <*ar Company and the Standard steel far Company, local firms, pot ? rdSTB for HO and ll'J of the new can, respectively. It may be that the Pittsburgh planta will have to be enlarged, as the New Haven .?ystem is preparing to upend f?iO.OOo.iXiO for new equipment and Is nego? tiating here. Many other l?isteni roads will probably be compelled to buy steel cars. Local manufacturers are preparing for a deluge of orders, as more steel cars of the types desired are manufactured In I'ittsbursh than In any other citv in th? country. STOCKS IN OTHER CITIES. CHICAGO STOCKS. Local securities win? stronger to-day. with Bears Roebuck common and Ameri? can Carbide leading the list with advances of 2 points each. American Public Ser? vice, preferred. Illinois Brick and Amer? ican Pan preferred gained in the neigh borhOOd ?f a point each. Btosl commun, Chicago Hallways series Is, American Can common and Swift iSSUSfl were fraction? ally higher. Diamond Match, Bdlson Oonunonwsalth. Booth Fisheries and Na? tional Biscuit ?share? ruled firm and im changed ?Purnlfhcl by millets W, idwsjr.) ? 4 Share? IM Bis? ait. '.M Can. Mil Ml <!" pr<* . MA?j ???? i ?; imond Mau m *> Bwlft * Co. 170 >?? ir?, . . ?no I? y* . !.. I . Ryt 3d.. Z1 llllnnl? Brl'k ... I*?.'. )'?*,iy|r a r,a? .... M i ?"tii l-'ifih prcf. 65 l'omm r'.ilrun.... 100 m% !-? 61'a UUh. 1 i 2Vj 100 ''???4 1 :?,*-, M l.:7 '-; 77?-, li; Low. CJoee. 1.J 123 '.??'. Ml ? US -'' 4 i% (II 34'? ;., MB ii'.".', l'?i 30 -?, 63 itvi ixt% 77', 77i, r.j K-3 Pi.OuO Chic c Ry lit 5? 0S't -??''-? : 9M 'hic R>? lut Ov. M 4 4 3 0M ' ?,, Ry, hr?V? n l?t ta.. 101 4 ' 4 : Mt Met 1 .? Kose ogdi 6. m P?o OLftc m r ..? ; 'j\ i R% feU M( '? , ft% Pili? 101?-, 7? 7? R ?7 m% 100*4 BOSTON STOCKS. (FSnMbsd by Charta Hand S Os., Me. M wall ?trr t.i LAND. I ! Bid Aek. ? ?' -, 1.. 11 U MISCELLANEOUS. 4.',. I I |C Str. V pf.l - ft i;i.r. . ? ? i Ma? I '., ? ? 12? 4 Ml - 'Li-. 4 Il I ?Se pr? ... t *%\ Rotai "i Swift ft < ? H Merges Llno..2M HI I [Uni I ?'''.''? ? I SO pref. Z: ? ; , Sited Krult..l70 171 RA1LBOAP. -- B .- a W I at t??i 43 WT KBft H M R i Wt?t I. SI H> r- 4 It M , I ? ?.*.!'.-. ?A r.v I i/Tr 4? 8". M?NIMO. ' rr. 14 \t,ii,.-.i<.r?) : Am ?si ' do i '? - Am I , do orti ... I*? ! Am T I T. I. I Am Wool i I \ni /..n I \ ,l,i ; M. xl -, N?W BnS '['?-! 147 ? ? - ? M ?In? '* li. ?ton ? . \. El. - 1'* M ? - ? l .1 - ad Ian . ? ?a Bo? t? ' Huit?, ,\ ? Butt? I !!? .Ml 41' i -.:,?. n Cop 14 II ? ? ,.;, 1!m v?, .. lu V tot.. I ..?I ' l'i-ankllii ??iinil.y . .1!. ; H??iv?ti? . i.' i ?. n [ Inapti ? ? : l . i ' K ? ? ? ? I ? ! l.n,k> i I'M ? r l?\ M ?.?i? . 4 .... 1 . . Miami ... :. N? ? .??!* ? loea . l?'.'? . * j ;? ?Nori t North Uik'... 1'j ? ."?'; ' ti Domli .- OJlb? . ? :.- 1. .. U'1., ? ? .Ii ... : . . ft B i ?? i Kuu> ? ' e 3''i i'i ilr? 40 dO plff. 4 ? ? ; f, i ; orla......, na . 1% 2 , i .'- ? .*< rlns ... 43'a .? ..'.?: dot 4', ? ? , I'i 43 ts% 11 4% . s% 1 so i te* . 7 I ' . i ? I". 4', ?Int? if it ?.. I. BALTIMORE STOCKS. rurniat-rcd \,\ MI4d?fl orf, WTiillBSiB S Co in? Pli ? ttr ??-. Ht * ?n.| *? ' ?? ni'"? -i.? Bslttmoro.) i BM ' At c i. i???, is '?'- i Hous r,ii etfs. U ,ia . ? i . tl% Io prcf ... * r,?? CI, of . . N'.irf R* LI < hlr l( - - ? ' . N'.? 11 . , - cab A i. i - ? . ? ted It ?v.l.. Ill do III.* I ? . . pr-f. - 1104 do let - t H . , do mdS ' '* *4% .-..i ).,..k ..*..?.: '?? H R'aab B ft A le Mtf H U B B UM 4?. 40 i PITTSBURGH STOCKS. ,i.. u i ?' lumbls '?u?. i-i '"? PHI Cruclbl? do pr. r u% v?: Pitt? Plats ?1 "I' . t .--,:;-, San Toy... La i - '? IM i'< ? ? de i ! Fut i . ? , .i, o i uel ' "I I* Pitt? Brtw, UH do pre'. 3'. -'IP' ?!i Kxl I ii .-?-a ,\ Big W-HjthM v B ??? Ma. Ii We-1lid.' Kl ..I -A i * I'enn ? ?Io pref. I'i ! ? n% '. % ? 1V-4 ? - 111 ? ? II Jl HI V . PHILADELPHIA STOCKS. i i chart? ? Broad ?tro?*!, N? * 4lli hll.'l, I Bid. Ask i Am Rsilwsys M Sk ? Baldwin pf.. i Cambria ?*?t"l "". " I"r f S .1. 71 7.". Eleo f?t"i- Bat 4??, 41 lit, M4 W.s do pref. ?. ?'? 1 Co of N A - . I^K. ?!?? i O do m, Sa. . M t^ll N Ti.? ly-h V Trau . I ?lo pr?;'. ?.Vj U l'rnn P. It i ? Bam?? <t c?>, No . ? V..1-1?. and No, 1'.' Bontb ;iU.) Bid. A-k r.ini Belt.l? lOBVi ? Co . 4i\ -i '? riiiia Elactrlc. ..% "3 da 4?. Uli M Phlln RT ctf? 22?? Phlla Traction II Beadlne ? B 'I'..1.,'pdh Mill ? ii,ii"p-iii Bal. I'n Tui.ti. n.. 1 11a?.. fork . do pref. I? 4*\ u% ;.i'. Qi TORONTO STOCKS. (r'iirnl*li?*d by Harrv I Thimpion A tt Bread treet.) COBAUra rid Ai i% Ktrr Lake. . ,-. . i.-hi- Nipt??.. 11 M< Klnley ..... x, 1 MplMlns . XI ' I', t? ?--?"ii lJ?k?> 7 1.0 7 '.0 Klu-lii , f Way l.r.J I ???? Ko '?? ?tr-r. I,af HhiIo . ?> n> aver ?.'.Tim. 3 Huffi.l" . 13 i*hanib?*r? v ? '3 city of Cobalt ? i.,i..?n 1 ak? 1 Contsssa ? Crown R*a.. Kii?t??r Pld .I N I.IS 1 ..o V .1 lillToi,! - 1\ S (SiU.r gue?-n . Oi ? s irth'rn IIVl I ".- T.-mlNkHiidnK . OH M,??lmn.. 1 Tr.ih.w.v 1 reo ... V. "? Wfttlsufar. Hudeon Baj M fJooM Com PORCUPINES. Aak 1 ". S 1 ? . -'? Ble Pom?- to ???n '1 * Bit? - 1 roua Sliart. M Doom Lake?. '3 p.,m,- Kit? 11 Ml |-.,1pv ut?. ? llollins-i. 17 .Iuplt??r . 1* M..nta . 1 Pearl tJtke.. 1? poreu Rae.... 1 U ?M 11 Poten Oold.... B I 1 r. n Imp. 1 i?.1 '1*1?. II I',, i.,n ? P.. k Ran . ? mdnrd . 17S S?An??tlka . I?, W.st Pome... I i M.-Intyr?" . IB I *??*-n?-, a .Sup-r.. '4 II ?1 IS STOCK EXCHANGE SEAT, $45,000. A drop Of t??,*?0 in the Prie? of Stock Kx.'hauge a??at-i whs recor?J?%?l jreetOfda*" i.V- um tfgnefsr, .it jt?.?ot), of the seal id Walter at Icheftel tu i^wis ii. Brosra, .? Chicago lianseriioa Draah k lohnaoa b , i?, ,, elected ;i member. ITEMS OF WALL S?ET Business for foreign account on the I Stock Exchange yesterday amounted to about 12,?>?0 aliare?, mostly on the eelllnr side. Dividends ha.e been declared as fol? lows: National Carbon Company, resular quarterly "f 1*4 per cent on preferred. p?y?ble Novem? ber 15 to ?took of record November 5. Pittsburgh Coal Company, regular quarterly at 1% pat ?eut on preferred, payable October lu to ?tock of record Ontober IS. 11*1 ill 1 irult Company, extra of 2 per cent. Payable No\ ember 1 to stock of record Octo? ber I'" Cuitad States Rubber C'ompany--Quart?rIy dividend of :? ter ..-ent on firm preferred, 14 t-T eent vtx second preferred and l1? p?r cent on o m mon, to stock of record October 15, pay? able October 31. The report of the New York, New Haven ?? Hartford for August show? ?gross .-ai-nlrif's of $?5,100,010, a loss of $310, 184: net after taxes was $1,772,9"?, a de ?rea.se of WW.IDI I .arce sales of electrolytic copper to Burepean buyers at 167? cents a pound were reported yesterday. The market continues firm and predictions are made that the pri?e tvIU shortly advance to 17 cents. The American (Jas Company has an? nounced that stockholders of record Oc? tober 4 will have the right to subscribe to tew stock at par to the extent of 20 per cent of their holdings. The right to sub? scrib?- expir?e October B. Gross eamtngs of the Rutian.l Railroad for August nrtutinted to $3(53,451, an In? crease of $?>,K5; net totalled r08.H0, a gain of UM The aflaseurl Pacific Railroad has placed an order for 10.000 tons of rails with the i'ennaylvania Steel Company. Gross earnings of th? Central of Georgia Railway for June amounted to $S9?>,43). an increase of only $9; totalled $1)1,043, a loss of $7.993. Gross sales of the J. I. Case Threshing ?Machine cempany for the first nine months of 1913 are reported as $8.197,?5o4, as compared with $7.333,?555 for the sim? ilar period of 1912. Gross earnings of the Missouri Pacific Railroad Company for August amounted to $7J,4'j?,113, a decrease of $117,7?37; net amounted to $1,342,'38.'a loss of $17,42?. Th.- Near York Chapter of they Ameri ???m Institute of Banking, numbering over UUt bank toon, las opened Its educational season in |hs Packard School building, ".'th street and l>xington avenue. IfsillblaliMl <fc Co., of Baltimore, will open a New York office on November 1 and will take into the firm as resident partners PsJ^rnen R. DtoaX formerly with In? k ?Brothers & fJO. ; Nl'iiolas L Tilney and KriMSl T. Gregory, formerly with Lee, ?HlggtUaTSM ft Co., an?l William F. I .add. formerly with Kissel. Klnnlcutt Ac Co. The United States Mortgage & Tust < ?ompany lias announced that through its appraisal department It l? prepared to furnish authoritative Information as to the valtM Of real estate In New York Clt? and throunho'it the country. BUSINESS REVERSES. ? MuTT'iI.A A CO. ? B. Mottola A Co.. <-..inpi>s?d -.f Hartolomeo Mottola and Bnn? fsclo I?- Nlaeo. l.'illders. ?t Mount V. rnon. Bled !? -titloti, with,liabilities of I88.TM and nominal ?K!?et? Of $117,5n". In real est?t?? In Mount \-. rm.'i. norteases f"r ?leStlba, ?nd under foreclosure among the ??-cure?! rred Itora ;?"? John Bunin?, Jr.. 183,000: Pirat .. Bank of Mount Y? rnon, $*?.*V?'i. I'. " Savins? Bank, $4 ot?<>. and tit? ?ity of Mount Vernon, $1,500 for ...?es?ment?. John B. hkini: Joba B. Brine, aaee? ?rating contractor, of No. ?.1?: 'w.<*t is:!d ?treet. petition, with liabilities of |l,84l and nom? inal gaiata ?if }*-.i>.?7. claim fur breach of . i.iitr.i. r. l.i'N?; * CAM PI '.P. - l.'ina A ?amper, a firm C'lini."-'?! of John W I.ong and Fred? erick Camper, tailor?, .it No. 13 West 40th -1 r. ? t. su .t petition, ? un liahii I 5*.4T'J. ?nd ???.?-.? ?if $ ;.?17.'?. ceiwtMing of stock. 11,887; account?. $1 521; Ixturea, ?-'-4V ib 12. Jadgi Hough appointed w 1. receiver, with power to ooni mu? . 1 busla?? Sop? tei ??! I. 1810. ii:khi.i:ss PI.tMBKR?" 8UPTLT COM? PANY Petition Bled ?gainai th? P??r1e?a plumber?' supply Company, tue., of vi. 1128 iv?ntM, by the?? creditor? F. N. Da Bola I Co., N8S; McLoughlla A Donovan, 1 tmoiican h^i ?.tor Company, $4.">_ rh? company mag? an ssstgameat s--.ptem-" ber -T. JUDGMENTS RECORDED. The followtng Judgroents fur amount? in Of ?2?W WOt* H'.?d yesterday, the Djret mini?' being that 01 th? d?bt"r; A.linn?. TborrMU M Verg.ntmie, $I.",I3? Bum Prank Anh4 - 1 N??rarfe A?cn ,-, 112006 Herald, .1 .1 .1 ? 1 Idy, ISM 83. Daly, ?tan A Brlabane, $.'^7 II 1 ? Marl? H ?f Man- lire???|.-r William Adler, Th.-itrli-n! Ceatutn?*r, It"'. 188888 Kate ' ?. Harnv $r?::4 17 H.-rtha >. W Stein, $83 Kvsns, hi. hi.r.i p h 11 y. I.M?. ?inn ?s.-. ICrbly, Bmll, an 1 Wm. W. BTOWB .1. 1" Bragg. F.duln M Atiitln ?J . K.I- il ? *?<?> ?7 Prank. Anna, und Noutl western Surety fa?. p.,,I |e, et. . $."JKI t'allagher. ivt.-r C s Hrill et ?l. ?$194II Uroce, n. Hum w. I. \ if red Nelson i'o. . -?. ?TA'slter c. G ii inchett, $-?)?-".'. .1. -. pb .' . and William W BlVal - I I'. Brsgg, 4-77. n.M.. r William s ?.. Bennett, 189181. ?louai plan, Halg i< E. Inwtn, ?iun <>.". Lipahits, Benjamin--11. 1:. it Btajwaanti ? .--1 mue 1 ii. [asa bob; $3b'> 47 '.! All ?art ?X. v Bonlftng; 1107 15 Miller, i'..."- Bowery Bank M N?-?.- Y"rk; $1, :?:.-11. ! Mooney, Tl.. tuns .1 .1. Kheiiifrank Co.! $15! W. Milit?t, LtfUli .1 -?ta'f'-.d Building Improve I in.";; Co : Mt 1.' Miller, Prank?Dlatrlci Realty <'?v; lie 73. ! Nu?aberg. Adolph Butl?r Brother?; $3'.8 7?t. 1 i?. in,. 1 lomenl? 0 1.. Pelrona; U.27 'i I Pugh, rani B.?Japla h Belli?: P?. Brady. Prank .1 w. U ?'?dwell; $191 ?$ii. \ Km.?.r?-. i.t. Prederick K.?A. j. 1 ?rawford Co.; I Rcblnaon, ?I.-orge 1! H. ?' Fuller et at, $4. 1 1^4 II 1 Shell '-'.arr-i'-e V ? F. Iteene; ?JMfg ! Same? -?uni, : MM M imlth, John B.?M. Frank* $l"S?l. Spain. Nicho!?? .1 M I! l'hlllli-?: $3*1. 1 s. iillv. Edward ?' Bealty .Vlverttslni? and KUpnl) ' i' : $!??*? 72. Shatturk, Harry H Runde A Cpiueyer; tut m i s,-hum... (1. r. William A? H H. M. lyle; ! $i?i is I Tanner. William K. -I H. RirMrds: $73S S?. Vaa Clfcff, Wiill.iin S -v. lx)e?ers ?Jambrlnu? H--, -.ver. ?'o ; $-?'*> 3' ! Muter, mate, (-Hot in.I Frank B Terry? i Tbomaa l'uMishma Co : $:39 3i. I.atln-Ameiii .111 llxi'ort r?i ?itilsholm A Moor? Manufacturing Co.: MM ?H. I Spring lllll < t:-?ttii'lion Co.?C H. R?ra; I ?UM 49 1 ?-ame -am'; $'"'? 1-h 1 I'ni-.ii.r Roeberg Co -New York F.di-on Co.; $171 S?. Il.s.i 11. Metn 10? II. U Fergu?on et ?I ; ': ti:o.'.-'. A H Bakery ?nd l.un.-b U?x->m Co., Inr H. BJ, NoMltiger; $MI n. Greenwood Hupply Co People, et.-. : $..00 Hotel Avon Co New Y..rk Fdison Co.; ?121 f>2. Monaton Realty Inventing C^rporSlloa Wew '1 orb Edl?on ?'o . $ni-'-'?. 1 Militan Naval C'orp? ration Jolin Mult A Co.; I $106 ;:.. W I. Hull. Jr., ! $.41 ??:. ???Ity of New York .1 II Poughertv; $,'. 909 M. [ Reynold? Met/. Co.?<'. It. Macauley A Co.; I H't)^ 1 Monaton B?*lty lui ?Ming corporation?T. i\ , l.>irkin. $919 47. Wendell l?-a?iiig ?C0.?B. J. Sullivan Corp?ira I lion: $414 11. ?V V a W. ?;rnv A Co.. Inc.. An?lrew Or?y and William C;ra>-C C.ressktith: $1,:S3 21. Inc.?Pievrart, Warren 4 <'<?? ; GOVERNMENT BONDS DROP. t'uvernrneut 1 per cent registered bonds sold on the Stocit Kxchange yesterday. $10,000 at lO?'.s, a new low record. The coupon 4s sold. $!0,0O) at NW?, a loa? Of tit from the last previous close. ?Jovernment registered 'is ?old. $10,000 at 96, a decline of 1 point from thp last previous close and witlrn one-fourth of m point of the lowest price. COTTON CONDITION POOR Amount Ginned in Excess of Last Year's Figures. Washington. Oct. 2.- The condition of the cotton crop of the United States on Thursday, September m\ was 64.1 psr cent of a normal, compared with ?s: per cellt on August t\ 1813; 69? on September 23. 1912; 71.1 on September 25, Ml; ?6.9 on September 25. 1910, and 68.? the ten-year average on September 25. This announcement was made at noon to-day by the crop reporting board of th? Dureail of Statistics, Department of Agri? culture, in Its final condition report of the season, the condition being estimated frym reports of lis correspondents and ?agents throughout the cotton belt. During the early part of the growins; season this year condition? were favora? ble in the western cotton states and un? favorable in th? eastern; as the season I advanced, however, prospects declined In the west and Improved somewhat In the east. The second cotton ginning report of the Censu? Bureau. Issued at 10 a m. to-day, announced that 3.237,861 bales of cotton of the growth of 1912 had been ginned prior to September J... counting round a? half bales. To that date last year 3,006.931 bales, or 22.3 per cent of the entire crop, ha?! been ginned; in 1911, 3.676,394 bale?, or -3.i per cent; In 19t.i*J, 2.59ti,?9 bales, or 19.8 per cent, and in I9u?j. 2,0C7.:"}3 bales, or 15.? per cent of the crop. Included In the ginnings were 27.324 round bales, compared with ^574 on Sep? tember R\ last year. 27.91S In 11*11. 3?.028 In 1910 an?lT8.0.0 In 1*309. The number of bales of Sea Island cot? ton included was 10,5??, compared with 3,?*! last year. li,*.7 in 1911, 13,832 In 190* and II,107 bales in 1908. The first official figures eatimaUng the size of this year's crop will be announced by the crop reporting board on Friday. December 12 at 2 p. m., when the Depart ment of Agriculture'! report on the pro? duction of cotton for 1913-14 will be is? sued, showing the quantity of cotton grown in each state, expressed In 500 pound bales. THE COTTON^ MARKET Breaks from New High Records on Government Report. WEATHER FOR COTTON 8TATE-S. Kor North and Soul h ?'arolina ?n?1 ?l-orgi?. fair to-day and to-iiu.rrow; mod?r?t? w??t wind?. Tot Florida, generall? fair to-d?y and to? morrow; lljrht \artabl? wind*. For Alalia ma. Mississippi and I/>u|?lana, sen erally fair to-day and to-morrow; light variable winds l'i,r Kastern Texas, rloudy. prohably loe?! rains In Interior to-day; to-morrow fair; light to sHderste sssl wind?. For West-rn Texas, fair, probably showen to-day. For West Virginia, fair to-day; to-morrow fair and warmer. For Tennessee, fair to-lay and probably to? morrow. A break of from II to 30 point? fol? lowed the publication of the government crop report In the cotton market yester? day. This report, which was th? last of fli'ial condition report of th?? season. placed the outlook at ?It per cent of normal, against 6S 2 per rent last month. 69.6 per cent last year and ?71.1 per cent two years ago. T/*,cal statisticians pointed out that it was the lowest official ?O'-tnber report in the last ten years. except 1901. when the CtM?ItfcM waj M.I per cent, re? sulting In a yield of 1."?4.') pounds of lint cotton to the acre, and also claimed that the condition, on the estimate?! acreage of 30,622.000, pointed to a yield of not over 13.l'on,000 bales, excluding Unter?. Till?, of course, ?ompnred hulllshly with modern l?1eas of requirements, but many believe the condition reports ini.-leadlns, and th ? figures evidently were a little more favor? able than ezpsetsd by rsesrsl fctsysrs m any rate, they were followed by general heavy selling, under which December BOO? tracts broke from 1" 07c tc 12.71c. Trad"* !iitc!'?'St?s wire buyers at th?? d???llne, atwl after th? absorption of perhaps tSO.tOS l?ales the market sfeadi'd. with t**S4tlM later less active and the dos.? steady at a net decline of only 2 to ? points. The market made new high^-.ords for the season during IbS earlv trotting. The census report, showing 3,2.'J7,S51 bales ginned to September 23. was considere?! large, but seemed to create no apodal In? terest, and the opening was firm at an advan. B of 10 to 16 points in response to higher cables, big Kngll.-h spot sales and reports of farther beovj rains is the .Southwest. Pilcos were practi?'?ill>' a* the best point when the government re? port IBM issued. The break carried a-' I the months about 12 to 14 points n?t lower, and th? ?lose was 7 to ?-i points up fron tho lowest. New Kngland mills were credited with buying on the break, and then was mi active ?leman I from big English bOQBSB, which, in ronne.-tlon with the umisually h?a-.y Kngllsh ?|>ot salfB. ?a.is reassuring .us to the probability of serious labor troubles in LOBCOShtfS. Southern spot markets were steady to firm und unchanged to ??<? higher, avl the io.al msrkst held at lists tor mi?;diing up? land, with no unie*-. Local contract prices : Wellies - dien. High. ]yov. ' ISSe. SSI O.-t . ...14.15 14.10 18.91 1^80*13.96 14 ??' Sot n.ii?iii.ii isst iiec .13.B-. 1.t>7 1?.71 18.SOil3.B2 I3.N3 Jan .... 13 7? 13.80 13 X, lS.SSfUM n ?w pa?, - l.l.Uil? 1.1 ?'..-. IT?? Mar.h' ..13.S4 IS.? 11 ?1 U.SB?U.70 t ? T:s AprB ? '?l: Viv 13 KS 13.SB 13?- 18.74-fl8.71 13 7* limo 13.88 13 M 13.S8 18.SS?13.67 13 ?H July ...13.7? l'.TO I8.SS tfc.ttUS.tl 1817 IJverponl caMe? .-'?ot in m?,re ?lemand; sa?, s 20.000 bal? . ?peculation ?ni assert, ' 1000 Yr.'-rtcan. 14."<J0; inip?,iti. 4.??1??; Am??rl ?000; middling upland, T.SSd l-'ufir?-? o'-rried ?t??,1y. generally rt'i p..lnls hlfhc?-. ciosed <jtii?t. at a n?? !?? lie? ??f I uotnt to j?i advancr of 1'i point?! ?October. 7 4'.?1.-'!; 0.-t? bT-N'ov-ml"". T-K?1-?,!; Nov.ml ??r-D.f-ir.lji r. -X:<t- I?e?-??.?il" r .lan'iary. 7.".2d; laoaarf-Tok mar,', Kehrnarv- March. March-April. 7.82'-.-?l: Ar?-Ms>*. T.WHd! May-June. ?31d; Jene J?'|v. 7.'J0d-, July-AUgtt*. 7.2?i-*d; ASSIIBl.iML temher. T.OS'ld. HeptemW-t^tober. ?*? 7S1. Mencre?t?r - Y?rr!? better, with niore bu-'tnef* Cloths hanieainf. Hoot Orlcan?, Ottt. 2. --The cotton m?ritet malntsiSed a ?teadjl undertone to-day. al? though ,*rom the middle of the ?e??on on It ?H? under cnxi lerabl? lelllng pr.-??ure fol lowing th- r?*a ling of th- ls.?t condition r^iwirt of th? kcmon. which OroroA higlier thnn g-nerailv . xpect.-d. D?Kltnaa were net well maintained. At the lo?e?t level? n?"* biMlng for l??ng ?ceotint came In. apparently ni..?t of It from nutnid?. ?our?*e?. The open? ing ?one wa? ?teadv. and price? w. re ? tu 0 pointu up. The <"en?u? Kurean report on ??inning c?u*e.l little ?elling At the hl?he?i th?? trading itnronth? were V? t<? 13 point? up. T!ic condition flf*ures of fi4.1 per .?'nt can?-'! a wave of ?elling that put price? 14 point? down, but the market <-lo?od ?teady at a net decline of 0 to S point?. Month. Open. H'.sh. Low. Ho?e October.... 18170 13 OK 14.04 13.M 3A? Kaytrabor.. 13 ?7ii i:t ?? 14.0?. 13S7 13?.. December... 13.?I8?, 14.00 14.04 13..7 13.85 RECORD MADE IN LAKE ORE. Dultith. Oct. 2.-D?splte strike?, bad weather and two double holiday?, tonnage of ore shipped from the head of the Lakes this year will exceed the record breaking mark set in 1912. Totals from the ?even ore loading point? show that 32,4?'1.249 tons have been handled thl? y?ar. comparea with 2*.',75M18 tons last year.