New-York tribune. [volume] (New York [N.Y.]) 1866-1924, March 06, 1914, Image 11

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New-York tribune. [volume], March 06, 1914, Page 11, Image 11
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 06 March 1914. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1914-03-06/ed-1/seq-11/>

Newspaper Page Text

'topics of the day
IN WALL STREET
Chesapeake & Ohio Finance
Proves a Mystery to
Stock Traders.
DIRECTORS DECLARE
DIVIDENDS ARE SAFE
stock Sells Down More than Five
Points Baltimore & Ohio
Inder Pressure.
tu?
Bnaactng ."?<
? ? Hi 'dend rate
Bthli ~- thai Wall sir- t
? ? i.iv te ?Hoover. Hy
. i: arkct session
? ? . traders hail ffiv on it up. pro
? able even to com
? of explanatlaa. The
? .vt npi" ared plain, however.
wa!;. ' selling the ?
ad i.i.i to l'uni Itself to
I ? ? 1 charges of C
,, ? . .; .lime 66,
'!-??' |fl7, HU
? s years ended vv ith IH1
.rerage "f Ji 06.?
Ilvldenda if an
been ] aid on lha
B v\ ould have i
* | " ? M for sur
..' ' ? . . , ? plan I
bound to r-.?t asuie ?J.0O),
-o that traders, with
? *? -vv U life of the details
... r were I Uned to regard the
? ? ' of triumph of
Igos ovei exaerlt ios Csesepuontly,
rjsssapeaks <*.- Ohle steck, which had
doled cloosd on
Explaining th? Explanation.
'"h.a.;nian Trumbull said that there vva?
?or-, ement fOl ? hanging the dividend!
I i ihlo if stipulated
?me to
? ?. w.?: p saraed,
? . nota agreenv nt the first
.uM he mads aft. r
I Jui'.? 86, I915. Anoth?
er of}': ar Of Ihl itSI rxtT'lHlttr?!
i mswbat as fe lera s: The
? ? ? til!'?
whether dividends ?
end of tho if?1.'.
?t i "? ? If divid? nda pai-1
.lune, 191?. havi
?. ?-,':??
? i must be
??>i. After
' b directors
- - ?- dividends tor th*
?ear, without regard to
?? the> sr?. earned or not. :.
In** the position as?m at the end of the
tance, If it Is found
at i'-v end of the Astral rear 1816 that ail
the 1. idends paid in that ?-ear were trot
??a ' ? - !? ;i> sol declai ?? an,
...
nless In 1
ter Um have arnouated to enough
ixe up the ? ? f dlvdend paM
? ? ed In the prei
flsrs; t gas for 1' 4
ts r-lan and the q
!f they amount
n ? mS) order s dlv
paid for II ?? quarter and may pa>
? a ojuai lera of
I
sole rh< ther the rernalnlns i
Baltimore & Ohio's Needs.
Ohle ha *.. raise 62
' or ai 's',?., in sotas 'va to
matuiirig then.
- ng around that the
v .. of.i/100 of
partly for
? of thla repot t Bal
. has heen more or
estai
? ? - the lowest prtea
iovsry in Jan
? . ? - 1st it'? ti a
Bl tiaders
??? ,,f t1"- ?
.-? ?' i il of boada
? . . ?
mads yesterdsy that If
' ? .? raptad to sell snj
fv Bid? s |
tending noi
? BosHlmort .\ i \
needs reonej t., completa the
tr*UCtioa and betteini'i,'
H it ever v
W I I ; I
' .
. ? Mia and ? "?
In that sei i"<l the
? ? ,,
- h to add !'? ? ? ? ..;,. r
at *- 'momies i-, sp?
ired.
Merciful Starvation.
? - !?? i we?.r; t he | rilted
6f< 4". even If the Washlng
S adl r. ti vine to starve put
? explain* flitnhtlrass. why
? 88 I? merriful'y
? I with Amerl4*an eagles Hlnc? tie,
? . "rdi'Ki to ?n
? | ? ??? In SBieelcaa goM
? '"im thla ?tv to Mexico.
I ? ?-? to Vera
t?as sil i- ?able
lersnai i p to vest?'
sf thh tai t was
?? " ?? aithclra*?.
WerS too 888*811
;,t ' ii lOsIt; '1 he
MU har- ? rneth*
Ihre . .pentes and
? <.rd?r, ?i 1- -aid, of
Baking hot aas
SHORT TERM NOTES
?
?
'
?v .
April ?,
'
Ar-n.
?
' '
la
i ?
i
. ?
?
' ? . ? - ' . M ?
i '?'.. Feh,
? ? ??
?
?
i'.it
? i
i g 4
lull
i'?i',
It?!',
I?I4
'
It<l4
1114
1*14
Vi\t,
lets
A nie
'
i |
S ?*. Sf, No.
Appr? |
' - A?k vH
.-,-, IteM 4 ?*?
?'/."? IBS -, T. ?'?,
M
.
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ex
? .
IBS
Ma?
ies ?
lie
i?* ,
4
' , 8746 H? ...
?? . < ''?'? ?
it-? too ?
'? . M .
: i -V
I it.
!
4 SO i
>l"
1 !.. i
I
' .1
lease
I'-V , is?,
. i?/".
N . I? .
Uju *??4
?-? , IBS
! ISS
? . ' .
4 !'"'/?
i ?
M
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i i?,
ti ie
i
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1.48
', 'Si
if
4M1
PUBLIC UTILITY NOTES
General News and Earnings of
Various Corporations.
'lb* JaSuai | top .it ..f Hi.? ('eorgia lU:i
way and Power Company shows grosa
earninga of $489,020 and net I2SS.790,
? ? or ?si,4:v and ? 11
Ift, t, sp.M tivel .
Louisville Gas and Electric.
??..i ta hai a b< ? n ? lesa d b
???.i i;i? .-ti i.- Compan) " .t
bakaaiea for natural gas .-. ? .. ? t ?
?tal snnusl r*onsu*optlon estimated at
?. .???'? ??? fi ??? Mora powei eon?
t'.icts b;?\?- i., i, aemired, and prospe la
"f eloslnf a larga sssoonl <?f additional
poon r busliy ? ? u food,
Northern States Power.
H M KOIrsbv * Co.'? annual ??
I of Uta Northeia stales power Companj
shows groas esrniiiga for ths yeai ?
; Januar) il 1914, ? ?r IS.911,004, an In
?asi ? ? | |o t ovsr th? prei loua
net ? .in Inga or 11,092.090, a rain of 1202
III over I H is, an,| g ?jorptUS after Int. r? St
charges ?nd pref.d atora dl Idenda ol
1191,1
Texas Power and Light.
The Texas Power and Light Company.
.i mibsldlary of tb* Americas Power ;?"-i
Lighl Company and eontrotled by the
Electric Bond snd Bhara Company, has
nndor COnStniCtlOS ;? HOW 26.000 strain
gensrstlni atatlss si Waco, Tes. when
th* plant is puf tut" oprmtioii current
will ba aupplled to s Isrg? territory rap
idiv growing In weslth, population und In
dustriea Current ?ill abo bo furnished
for th? linos of the 8outl*ern Traction
Company, now operating ill nrii?-s of
iiectric railway between Waeo snd Denl
?ton, 'ii addition to :> number ?r branches,
Interstate Railways Company.
Bondholders of the Interstate Rallwa
? ompany, who were aubjected to an as
aassnasnl ?>r M on $t.o?*?o in 1999 for re
habilitating the company, have boon In?
fo: mod tbat this amount would ba ro
fumled to thorn Tu* aasaSSBCnt was
levlod to relieve, the bonds of the rompan;,
from all claims ?Aben they were tTSM
forrod from the Philadelphia Trust. Safe
lioposlt and Insurance Company to tu.
Real Kstat? Trust, the new depository.
BRIEF WALL STREET NEWS.
London was a soiior In thi? markst >es
li. dsy to th? ? Mont of abo il I 000 i
Deposits of ths Guaranty Trust Com?
pany Of Now York, as reported to ?
intendent vt Banks In response t.,
hla call for a repott or . ,s <?<?
Mar h 1', amount to 1200,022,452, a pain of
BS,?00,000 ?m " th? report ??r s year ago.
and t.? || | .1 to be th? lar?;. St amount of
deposits ?vor reported by a trust com?
pany in th? t'nitfl BI .'?
Possible p?->H shipments fiotn Csi Is
.: looked for, as Montreal ox?
rbange on New York has boon advancing
since March 1, and is now ?-lor?- to the
gold ' ' port point
Official? of t'n- American Smelting and
Refining Company in New York say that
tho compai hss i ?I closed down an-.
plants in Mexico In thi la^t two months,
but ?m tbo contrarj ba.-- startet] an
tional smelter.
At the si ? ? atlni ol lh< R
- . sp. ? ga ? ??? psi >? wa 'i P
actor to replace <.??
< iharie i Mill? ? chal? man ol tha board of
of the Gal< Oil I 'oui
i an.v of Franklin, Psnn
'I hi New \o fi St- ...
? 'ato Krank R Day bas been :
for to ni' i ?ay "f Bo
tnorahlp tiansfer The last i
..fa s? al "n ' n- ? ai nanga ?
. ??
Tb- | ? 0 '. tra Dial t Tel?
? ompai y thlrtj i t bond
? for t- ii.s rtpl on by J P Boi -
Co., Kuhn. i*.. n \ ? o the in;' Na
tiona1. Hank. Btid tin- National City I
. l? i ?. 01 ' : BUl ?-' i ;:.??'!. but tb?- I
were noi cloood until noon yesAs**dso In
to allow delayed ?ire eommunlca?
tions to an
a Msntri i dis) ?1 ai ? thsl tha Do
a Btssl < l ?ration hss flt ? ?
common dividend ?i le on April 1.
v .-volas ?; Rutgers, Ji of Tower a
...... ad a rnombei of
? , New 1 orb Stock Exchange
ON THE CONSOLIDATED
Declines General on the Call?
C. ? 0. Heavily Sold.
Chesapt .?Ko a. Ol ? ' ? ? weaknsa?
"led the general markel yeaterda)
on the ' 'onsolidati ?i Bx< hangs Boms
. . i art? of th? st<" '? i hai i
?| ba loweal i. a sa -
m, y, ol ti ' "' arnlgl ? ??< ce chai -? s on
ted di Reading
v .-,s down 4 of a point, Union Pa?
Btoel '-. Tram.?? tloi s tots ?
if.-.,m al
STOCKS.
i .. ?? i ? ? ? . '
rT>'lAnial
| ?
" ? V m
?Ai Ici M
M e
- . ? . . ' ?
??? i.r ? ? - ? f.'.'*
;#.\t Ton * H 1
? ' ?
H ?1*4? ?*% 4
' -
....
?
'
i??.
'??'?.
? ? i . ' . ' ' ?
i , i ?
. ; .. ? ??"?? . .
i 11 ?
M lr.
-, . iievi r-o'? 14'.?. I4?'i
M M V M , 1 . ? . . ? ' -. ' . ' '? '"S
v K i '!>???.? IS*4j ? . I t " ?
?.?i . ?, ?
: ' . : . ''' s
? i -? , n 0% m
INTKHlN " . ?
??
ne \,. ? ? , I .
i?--:. "* . ? . < . ' ?
? p, nal? . Ill?, 1 ?? .
-.:?'?
Wi !>,. lr..., A Ht?M ?
. iw. k laiand . ?'?*?, i ? .
<* ,.,, ri,,f ? , ? . M B?*
? i Ms, ' .
? ? ? ' . . .
? H . '?S 4P,
l '. t ? ? ...
Ruhbei ?'?,?',
? . . ? ???, r.
? ? ' .
? ?
MININO
i
>'? f|l: RUtl?
r , - I . . ? i ? ? r ,
''? . "'4
. . ipbli ?'? '*?
?r ,t- .... } ?
. ? -, , I s", 1 ? .",
?
u.iw.,' i;...i *i ???
U. S TREASURY FINANCES
,. |h? l.rfl
..? ? . ... . ? I ?
?ral fund ?? ? ? "i." ? " '
,, ??-j,;., i, i .. toui perm? nia raott
, ? ii?r?. t n ? i ral *?t k
i ,. 'i'! ?....rpltis ?if I* ?
i ? i ?..?!
i ?.Mie ???? ? ir*n*a<
'TRADING IN THE
CURB SECURITIES
Oil Shares Strong -Tobacco Dull
Minin?? Stocks Weak
in Spots.
Mon sei ?. tj was shown at the openini
of tiic ein i, ? ? than on ?Vi dnei
Lin. and m !'? sari] tradlag prices wers
stroiiK. the oils Mining HOrk.i
were Inclined to show weahness In spot ,
?nid after the noon bout prices !>?
i'guiar .thi trailing practically
Interest in the markel was eeatred m th"
Standard of New York. Ht.u.dard 01
' :'; torn la Btandard o' Kentucky sad
Boiar Refining continued strong through
?."?1 th?. ,l.i'
Rlkei <*. rlegemari was In sstaferats ,!'
n and, 11 Ins i" - and i losing ?it .:? To
? .??..,. eontiaued hlghei bul dull
.i.i fa? tix- notes were lh< '? tun
among th. hondi with sales aanountinf
10 887,688, i he markel closed Irrsg^eaOr and
? tiading vvjs light
INDUSTRIALS.
", . h il,K Lea? 1,-,-t.
" ' 4 4 4
1 4S .i., pe? f ''? ?...'? .
168 K .-;?.:. ; - ,
l" Max?.): M., . ? -, S
'
'" '' '4 4 4
(00 Puebla 9m ,< it 1. ? l
: 006 Rlkei Hegeman.. .'?? R , . ,
oy on ; '? 1 -, ? 4 ifS
IOS Toi .. '. !'? ? ! ;.' -i 14 84 84
ISO 1 i. 1 tsar aten 1 81 81 M si
STANDARD OIL SUBSIDIARIES.
1 88 Angle Am 1 HI .. 11% 17?, lT?a i.'1?
? a- antli Ref .. . ? kv, 878 861
I9Bi ' ? i. iss 1 . 1 ?'.
mtlnenl 11 1 ?II .... 1.
" ?... lei 1 Sis OH ,:- 17., 1;.
N'ai ? |] n
i N T 1 rena?t. .. til a 638
' ' I? Oil ? | ,.,| ?,.
101 101 161
? ' Prairie Oil 4 0 846
M Solar Ri flnlns 881
SO South
t Oil of Cal I n .111 841
81 ' n of ?r. lisas
... m 1.,] of Kanaa M BO
1... .st ?.ii of i- ne? . ..)
166 SI Oil of N 1 ten 40? 4",'
? c.Uf N 1. 88 . -,
I .i U, 418
SS Swan i i-'in. '1
. I ?I Bio? 'i anh 1... :?4 ?>4 84
4" \ ?i- ism Oil 211 til tU
MINING.
;.'? sn ;n jt'i
400 n...-..., Monti na I ? ? ??? ? '? I M
IOS Braden Copper... . '? 7?? 7S 7'?
1,100 Brit ' "I < . ii. IS 1 . :'. 1 ?
If? ButtS N?-w Veil. ?t \ \ ??
:. a " antioii CebeH 7 .1 FS TI
??? ?" r VI , . , . , ?
'?"?' tEly . i'-, 4"is r, 4',
. 4 ?.X
10. Id Hill ... . ' ? 1 4?
.;"' Ooidflcld Con .. ':? ': , \ ' i
k IIS I -;. n?w '?? 1 ..- -, "?. 36
18,006 iJir, .... ?: ? . . ., Stt
!?? 4, 41? 4H
. 108 La Bee? Con . I . 1*4 i1.
' . Mason Valley, , ... 6'? ?? ,
??' M K 1 em - ? ? . 4 ?
? ? Min ? of Ai ? Mj ', '.
. ON N. ...in HI I 64 :?"'
roo Nlpl sing Mini ? ? I , I . ?
? ? rro || || r
?- 81 . sad. w? IH '14 w?
???art
: opal I ? '?, ', is 1%
I rot ? ronepal Merg ? ? * ?*? ***?
ves) lind 1 on M N H '-Hi
? MO IWest En i i:v 3 i I 4
; too tusos ?; M I t% r?
BONDS.
: a aa P 6 ? Betos I644C 1646a UM ? ""'4
... . ' ;.?. nott - Si I '?? :'.
1 r.'?. Cu ? 86*6 :''*? ''*? '??'?>
:7.?K) 1\ cut Vit 6s. 86 86 ti 68
I.-? - . -n'.? per share :"66
...
INACTIVE YESTERDAY.
INDUSTRIALS
?
? ..: a : .... 1 Mai "r.i ?- a IH 4 ,
I So : I Mm- .?, OH . H
' Ii 11 ion ' ?.. N TI rans. 4 4 ?
.< T pf .i:o 140 ?i Otg 84 nf. MS Hr,
? 1 Kul ? s'* u Illya-Over, ?.. ?,
11. V Coal 8.-180
Manila- ?ran 1 1',
MINING.
I II i.rpHi??!.. ? i
1 .# Neu i Bins
. one ' ? k el ?hlo 1 opper . -,
ah Min I .
ii ' '?;. ". ? Ti ir iiii'- . i
'I ' ? r 1. 1 ap ?* ??
? I Cea ?a '?
P?at'l 4 So pref " ?>
1 Mia ",'..- Siivi s
BONDS.
' ? ' > ? .
I ??
, ? > - . I. . - !,' - 4
?Ki .?' lend *. *??>
STANDARD OIL SUBSIDIARIES.
1 '1 . n Pforahi Imer, Ne 86
Bread street.)
v. stei lay vv a
Bid AH,. Bid v
.. ?. j
Atlanl 1 ng ? ? ? ?'
US 3iw 814
.... Ptpe Mae . H6 1 ?
M'r.. '??"
. . r 1 : .1 i ? ?
? ? mtsi Oil ... ?
-
.
U ie 88"
?,., ? . , ? 171
do pr< ferri d . is? mi
'
? ? ? . ,,
1 ran It I
* I : ?? Line .117 , . ||, |?S
. '? ' 168 IS
a (Un.M Ii 661
..-? fining ... 176
-rn rip. Une- 886
South I'enn Oil.......... M
.- \v Penn i'??,,. Ui ' I 18 ;
? si i ?rn of Cal .848
. ??
?,.i i m ..r Kan .. M6 HI 486 416
m mdard Oil of
?-', MS i -o 4ii ?
KUndai ,. ? '
OH o* N '. SI BB
.. of < ?hie 116 4 .? <"i 4.1
i .
ran 4 i Im h.....
.... S3 SC ?? !'.
Vacua ' ?ii . MS t?. 81 'i ?
... ce i,
i . Oll . . 161 i '.., fi W
m
PUBLIC UTILITY SECURITIES.
iKurnii-heil 1 ? M ! M ? .mn-ll & ' .. , No '?.*>
Pins street ?
Bid. A?k. I RU. Ask.
v -.- 4 ' " Montana row 44 <?
,],, ,, . ? : ?, ; ? do pre- . mi ms
p 14 N Oal i.t A i' m I?
, ,rei ??. ?1 -i" 1 ' "i ?4
rjaa a a 1 I N Btstea l*ow w i
<? , " ? . . . '
1 ? 1 . ? ! ' l \v .-. : 31
; 00 ??,. M Psi ill '. g 1: 14 44??
, ib > III I ?.1 ?' M ' >
! So prof 1 Be* Mr 4 '?' '?
Cities Sei ?"' I"' ; ?? ??
.,,.,.- ge 'a! I ..li-'jn 11
i- ? I ' -.?. SO prr-r. . -i? m%
?In pr-f ve, ft? ,mhiij (1 a I. w4 ?i4
D?SE | MM le sei
I ?0 jTl r.n R l..t f !.. 14
?S 70
,1? pr*i .? .. L'n t.? <v- ii;.' ?.' V4
fid M A Ti ' -i*' n ' . ' , . ?
,),. pi ? ' prat i.i
Osa .v 'i ?--? :" I ' Se-nir.. . 18
,,;.. VV'f-H'ertl l'n?. '
i. n '.ii . a : ' "' M ?
?K* dlvH-n?!
RAILROAD EQUIPMENT BONDS
AND CAR TRUSTS.
. atatai Ise ;''. I -? i
twout a Apfx ?
II line -treet I
Mal rrtij im i i
Baltiinvn 8 Ohio h ' ? I LSB 446
an??!? i . ' ? i 1.66 ah
l . ,. r., .. A Olm ?' l ' l ?. ItO 4 is
i ton ...4-I'.."'-. I?H-'I? '? M? f, 00
, , i, .. ??astern llllnal .41? ??*.. ISI4 IT, ; oo ? ?e
? 1,1? a. Nortaaoatora .' . ?'< 4 .s a m
. I. ,i .' . .- .<? l?ll .! MW 4 ?vu
S Peril 4 , I I14-'I8
ttelaasre a. Iludaon .4',-, ,18a ? ; ? ,
I. . .. .... 1614 4 ?. 4 70
i-.'i 1.86 4.T8
li,. ? ? .. ?' 1611 -.ii"
; to.ji?.in- a NMh>iiie.t . imi in i *
? i ? , II ,... I4-'1
..... |? . I?14 4 , . 4 M
i n v ? -inrei Unes -4',-. 1014 4 ? 4
i'.,ik .v, Wastera .? I Itll-'li .4 7.. . a
I rsnnsyh snls .< ' I < ' ? ?
Mboard Air Mm A ""' : "' ' 2
. i.. .i . 1811 9 ?v? ? '2
...;,,. .-?-,-. 14 H 8.66 4 ?o
in lull? .v v. 1614 'i" 1.66 4 !>fl
.?_-?-??
In the Sunday Magazine of Tha
Tribune. March 8, you will find half ?
rlo/en "Tales from th? Road" and a
"Worth While Folk" aketch about Dr
8. Josephine Baker, organizer of the
Little Mothera' Leeouoa.
STOCKS IN OTHER CITIES
BOSTON
it IN
'-i
? ? ;. .
:3'?Ala?l<a .
''i .MtOlimri
J ?"?? Ariaona ? Ma
? - ' I ? " .-. -, i ?
? ?1 ni,?: A; Arts ?
...
. ?Ungr. .
? ' I litt? .
'- Franklin .
IM Qrant? .
? H-ir;- ?? i<
?
ItUantj Craefc pf
Royal?,
., .
n iw?k?
I? galla
' I M taon '. , -
* . '.!?? l'on
Rower . .. .
? 't hlgati .
71 N'fvuU? ?'on .
'? ?? trcadlei
'? th i;Uit?> ....
?>.. .
I ?'-.lotiy .
? ? ? '-I I.'inilnlon ..
Pond ? rech .
''W'lltirv .
M !!<.? . r.
s l'<
tnnon
..- -,
Mai - Land
-
'
-n?. Hing
,
I t -Ai, :
1 '? I t,!i ? .m .
;o \ : ?.., ?a
'??. Wlnoi a
'.n w rlna
STOCKS.
DOO.
Opea Hi?-.
tal
:
MA
3*
>
:H4
???
2
114
i?
m
ft*
IS
I
?' r
?
'????
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? Bastea a Air?....Mfy
on : - |] -,
? . B -? i a Main? 12 43
j a a v pr.tsssi in?*,
16 i :? hburg prat . M I
" nc ?'"rural >, BJ
' " ? ? Bad 01 i'.y ;"? 7:'
M184 ELUNI
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um
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10 Edteon
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? ? Maat Eli a pre! ? ?
.? Mass Oa* . M .
11 McElwaln pr** 101*4
"I N irip r?t Tars. M
i Bag Tel.. .i'?
il:- et HuMonhol? IS ?si
tiled Fruit ....I??**
? Shea M*oh. f ?.',
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BONDS
14 "?vi A i ; r, g as 1 i.s it:
?, ,W) . >i.. VI let 4s ?4-s
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i ??o?, k c t't s g st 4^ ...',
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BOSTON ' I RI BTOC*K8.
Bid Ash
Bar i Osa i*** 14c
Bohemia "?
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PHILADELPHIA STOCKS
Open. Hif-ii
tot Am Mil lag ?l -I
ID? pr*f....lM?? lfti't
n A*paalt .....41*4 4,'s
... pTi :
tax*) ? -,
! ' ?
100 i. iki Hup*i lor
111 : . ', Nav ctf?
B Ball Mfg .!'*?
iCo
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Ml Phil* i. ? ,
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IS In;
Il : ' ' .
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, too M tlaba. h ...
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i 'Km llanroi i ? ?'?>:? s 11 ?
-, K, i/aton* ' ?I - Ria .
17,000 1. V - on 4:,-i : M w.
? ^ isa ?'(,- ?oiu
?.000 I* V Co?! , I06S
i WO Phlla Co i-t ' .
i 000 Phi la, 1 -,
i i .. ,\ i la. . , '< ,
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CHICAGO STOCKS
?
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... | ? Pi ?u T?>o!
R i gor 1 .
.
in Ivltsnri .
i" litara? ?ut Mal h
I II Hrl.'W ..
M Moni Ward pref
Mie r->r\l. .? ..
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m rlr. pnt
? ,rt a Ce
141 ' n on Carbld*
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107?4
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BONDS
|.'.l?.<*h r -.'f. l.-Wl',
4,."-Oi Cltj R 1'""?
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117
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BALTIMORE STOCKS.
I . i..i las ,
r, A ?-' U?" of I '
It ? Oa Po???.r .
tl6 l'alun'- r ?".?s
?S ?! . pref . M
I T'?|.n U' | i
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BONI'H
Ulf-"" F?:; raa la ....km
? ?-i. ? ?.ai fa >M0fa
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PITTSBURGH STOCKS.
'.31 ? o'tm.i-'i ?; * n u t'
r4?i ?,'ruciMs Bteel.. t'V? I4*4 '? .
m ,!., prrf .!>?', Il?, 3?',
^11 Iml Tirswln?;
UV) lfarblson W P' '?'
? MO** t. .t M
? ? ' Nrt? FirtpmoBng, ,
<?? ? "lio l'ii"! S'IP ?
.... Ohio Puel Oil. ? i*?
l* Pitta Brewing .. id1,
... do pref a
M r'if,? PI OU**
|4 P ?ri? l ' I
10 l'nion S? itol' 1 ?n1,
... V -vi ho .?? A II US
ti V? I ? nri l'o?."
1
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TORONTO STOCKS.
? I . r - - '
B.d
I-. 4?4
- Con* V)
*
a-,il? r ? F 1"',
. || ..r ('..bait 37
.,- , ? t.*^?? . ?
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llIrTurd I -
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\'.-?i?n
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.ri Us
a v , ,, H,,,, I .,,,., ,
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A?k Bid A?k
Uk' . 4 ,0 4 75
. Rom : ? 1 :j
Util? \ipl?s .
lOVl M Mr.'- . ' 1? I 9
.. |f | v
. . i .- ? ?? ,: Lah* ? 4 4-4
l.lO.Rlghl f W? 4', I
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li>"4lT?-tiii^ki?:ntng 1"'? '? 4
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t W-f.\nntrr ,
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', on
Big pom?
? ro? n ? ' HI ;
!> m? I-???
l?orn? F.x'-"
1 ol?; '? H
Holllngai
Tn|.ft?er
S'..r ( Ml F?l> * -i
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la.tf
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? U? L'PINTCS
...Id ..
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37 l*T**tSS F. t>
Il t?..-,
?JHl*J
m n Iwutlka
15 Waai Dama
1 1 M? : ityn
il i-?n?v? .cur*r
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MONTREAL STOCKS
BM A?k
1 i ., ??,'."? " '? "4
, ?n r*m*ni 3iv? MH v-- '??? i;ui' lt*4 IM?
. r?,?n 1I-? I.S3 1 ?? l't * "'?' MS4 l?f 100*4
i.,,r?n i ' -.''4 ?b**i w a 1 ittMi m
1,0.,, T??tll?i ??', '4 > Bherwm W ? ?) ?I
tu ir? ' pf fi M : BtMtrCa of 1' it n
. .,,,,?11 1 ?? , IM 1... rito R; Uli? '?J
Moni IJIgl' ? ? \m pc? " ,: "" ?'"
N K. otl* SA?' TI T7 l
C. & 0. BREAKS ON
NOTE REPORT
| Believed That Expenditures Re?
quired by Bankers May Cause
Dividend Reduction.
; .
, loMidi runouncement yeetargay i .;
.?the chcsH!v>;,ke ft oh;,*, ttaliway Casa?
, paaj bad sold te Kuba, L-osb * Co and
I the Natlesial city Bask 83jooo,??) note?.
'lac?rompaalsd by rumors that the new
j financing night he followed by a reduc
? tlon In the ?Mmipany'fl dividend, caused
| the BtOSk to br.ak to UH, a decline of
. j H| points from WsdnsSday'S BtOOBBg price.
I Vi'?terday's bjast enle -vas at IS*, a loss
, Sf ."'?
M What led W-.ll Street t? he' eve that
present 4 per cent Ckeeeaaaaks ?v Ohle
'''"? "?i'<* U1 flSSgSr aas the pro
v Met) in th- sots sal? seB'SeSBSOl With the
. i baskets that the road tssast duriug the
fl Of the not''?, which mat'ire on Juno
ill, ItU, spend 617.660,686 m laspvevesBintH
I out of earning.-" before 81 dlahUIBStllSSItB
, I were asada to stockholder* in tins re
t Chslnnaa r"tana Trumball said
Thsre Is no resjuirensent for t-hangiag
? ' s dividend poll**, of th?- Chesapeake i
'jOhlo If stlpalatsd strwants ?ire- raarned
r inder the :i"t" af-reetiictit the first
1 di ?? rnrii stJoa of I in be mads -after
t!n> riscal year ended June ."0. 1!>15. The
requirement for thai >car for 1 per vent
on the eto -k sad ft6BB,gtt to be dSVOtsd
to capita] e\iien?iit'iie. aggreKating only
It 14,688^888, the com?an;.- BS>f>eeta to
The rXHnpaay earned In the llrst
s'un months of th?* current heeel year
n-.-iriv the fuii 4 p,-- c.to no? being paid
per annum
, .-v 600.000 r.'.rc? BOld \esterd i SIS
part of sn suthorised Issus ot pOMt.W
the remaialng ftJtH,Ot of which will not
be old prior to July ', lili, wtthoul the
consent of the beakers. An anderoiltlng
?yndlcate 1.? being formed, and public
offrrlng of the lesue will he made at 97.
to yield 6 70 r?*r cent. The road received
9*5 f?>r the notes, lfSH a COaBBSlaSlBB to the
bankers.
Dividends Declared.
6ms m pipe and i'otistruetton Ceaapesr.
gua tei ' of l per cent, pu-ab!? Ap-ii t to
*?? ? ?rd March ' I
ufr Company, quarterly of I '*,
per cent "ii preferred BBS 11 per Bent 00 ?"?<'
mon, payable April I le Bteek of record
Mai i 14.
Chicago ' lit] Railway Company, quarterly
of 2% i- ayable M ireh SS
i , i; rJIroed 'lompeny ot "*'"T
. ' i per . ' i.' p?: ah ?
a prii i to rece d March i
r i, , . . quarter!;
of i *, !?? ? ? ? preferred and -'-, i1* "
ltd extra of ."? p-r ?-nt on the Con
payable Api t recoi
17
. - , ?as and v. t> irle Cempanj
of i pe- rer.r on the preferred
Ma h m to rr.i.-k .-' record ifeb-*u
?
? . a a ?wsstara. <riat
lerlj of 1'? per cent, psvahle April 1 to
March 14.
Newark nn.j BloomSotd Cerapasy, aeral
annual of i ?.prii 15 le
?
? Blco S'iijar Company, quar?
terly c: - a preferred and of
I per cent on the eoramon payable ty
to eio. k of re? " t M ircb i '
n ,:?? of
8 i?, i . ant, r "
i. d
,.? ? r .. i lompeny
c . ? al ? t " ?".'. payable ar-11 t
Consolidated ii',<. ElOCtrlO Light and Tow
. annual of 3 i>.r c?nt on
tie prefc quarterly of t'- p?r cent
? . , ? April ' to
? n
I c rapen: ?enii-snnual o'
pa] al.'e April 18 le ?'ock of
?
...... ....
1 *?? t.er en- on th? preferred, pa>at.'
?
H. estak* " - t "**ipa- ? rcauU'
?? t?, payable .March .
of record M eh 20
Montgomery '.'.????'., quarterly of 1 ?? ?..
ths preferred payable vprii i to, ?took of
record Mir i ?_
iked] * " ? quarterly of 1 \
? on the profs re? payable .\prti : to
stock of ??. ird Mai h 20
Securities Exchange rompany. quarterly
of 1 ?^ per i -,
F record rehruarv -:8.
Bank of England Return.
T/>nd"n. MsrCh I The tveeklv retirn Sf
the Hank of fCBglaad ShOWS ice folios
lag rl .
? -?, mat ? ' 206 '??'''' > res
TRUST COMPANY REPORTS.
METROPOLITAN TRUST COMPANY
OF THE CITY OF NEW YORK
. re oa ths tad da
Marin. Util.
I '
? .?truei '?. I .7.
i . market vsiue. f ; >'??.? '?>'?" o.,
Oil ?ai '..et value.* - 8*.
i . ''??'. 054.'.".'
MortKHB' ? ; ''??' '?"" ""
?
12 ??74 nSS? 1W
Bill* pure
6Tte.648.0a
im., from iruai < on panlee.
. , 4.080.04? 84
. -?-?''' ?"" I
, . . not?e i I netas of
ration* ml?? 7 omoo
Cash items i 601 346 i>
? .??tu. via
-. Ban*
liquidation. .
.? t.v Wllllameburgh
I ...... i ? hi liquids
. . . . .
ASvanci s -to 1 Ble ? I:
Brook I
Total 18. ' '
BIL? ? lUt
. Btoca 68,000 6
Burplui includlns sil undlvr
. 6 7.11 ".II 1!
*-.''??'
? -a. 56.'
I-..,- ,.,i for rent.. I ,;!''' M
I 64.0T6.S08.t6
!?< pi?lie nor i I ?
ferrad .16,688.036.86
Due ?? ?es rompa
ti!??. I ::nks end
banker. . 8 S14.S?.! 64
no r?oo5
6.-.0 8-37.9??
:t ni?
883 '-''il "0
'I'.po'lt? . 33 026 "16 t S
i, vil
? .. itstandtng 608 n"i ??
' , , ' . un- m. it 91
v .-?t'-reat no: S ' 8.841 00
|3'.fW6 7.-I ii j
? '
I'Ki EBL.Y CHI '?? ?i i?i ? and |
PKRTRAM CRL'i
politan f the City ef tiew
?.. '? locsted m.i doins Suslneaa al Ka 48
. af N' -vv Vork in
I . for him -
?elf ?a- ? th" for- v B i ??-.-.. ',
In respecta to i i b*tt el lii?
^.i^.. i- i kallef ? "i thai further i*v
... i ..* -. i i - .?? . ?
. i . ? i tlon re
I Qutn ? ? Bankine I?*? iChsp '-' of I -
I Consolidated !.*v?h as ami i not
and that the ahi -, ? i |
the form prescribed bj " ? lent ef
la made
?- . ,
day of I ? l
?UCtl r<i ? id* ' I
I r. rtlfy that a' I I Signed my
I nai era ...
1 i> the r. rttfi. at? herein)
? ,?. the question "Do ou
ratear I teraenta ?r
I In the fores ? npotl are true?"
4-1 .,.
BK.V1
? 'I i M ' ?' ' 'Uter
??
I v. i ? ? tat Public m and
, . . ..
tifv thai Ml 1814
t . . ? i i--.. before a Sever
... i to i tie
id at ???? (it."
1 ? h" alfil' 't ? n ' ??? ?i-i- ' ' I a->k. .
?t". ' ??'! Olomnl ?Wl ' | ? ? >'a'.-rnenf4)
.ii i sed i i ?'i" ' ' < g r- pert sr-* traoi ' |
an. he repl:. .1 ! 8a '
* k \ ? "'.r.r.n.
[Seal] v ?? !.???. i s. v
? ' >rtl6 ..-? Sled i Mew ?i otS ' 'eunti .
Fiai? ,.? ?... f New 1 "rk *?.
I, A R v i?;| |.i; ., \,?a,, Public In .in.I
f ?.- the ,*oun' I, do hereby e?
i t\ th*' on ?h? gth .'..? af Marsh 1814
tiler.- ai ?;?? . -? .1 I ffn*. i ., M--".?.'n i'r-H'r,
whoae stsnaturs i? appended le the ?<??
... ..... I. and the
6 such statement l a?k?"l
hire ' i' ? ? soli rani ? ? sal lhal the eiat.
in?"> ? I In the fores ring n pe? t an
f.|. ? and as replti i ' t 8e '' !
v ? VOOL.EB
[Beall P tar Publ I Ing* ( 'ou I I j
. ?rtia ite Bli d la Ne* *i orti < euSty. \
latte* inereated ?28?.rn>V bullion <l?cr**??d
:!>1S.?57, oth?r ?e<-urtrie? increased 409O -
000 other deposit? .>-r*???-d (?.MMH"!,
public depon! ts lncre??e<l ( l OaBjSSB notes
re???i\<? decrease.I Et.MO.OOO, government
??ruri?ea decreased t;.>.0
The proportion of the hank s reservo to
liability this week ?8 5?> U per cent, against
61 41 per cent laut week. The minimum
dlacount rat? r?nia!n?-?l 3 per rent.
*
?NEW HEAD FOR D.. T. & I.
James M. Kurn Elected Presi?
dent of New Company.
Otto T, BsnnstfdL a member of the re?
organization committee of tl >' IV-lroit,
Toledo Sc Ironton Railway Company, an?
nounced rsstei?ay that James M Kurn.
foriuerly jreneral sup?rintendent of the
Atehlson. Topeka. & Hanta Fe. had BSSB
ele.-te?! |re-.i,ii>rit of tin- reorganized ?-oni
pauiy, The rsesiTorshlB was tarsnlnat?**]
on Mai-.-h 1 an?l [be Public 1'tllitle* i'otn
mtssion. of ulr.o. and the BfkblgaS Rail?
rosg C?*nn*Jgagon bar? approve?! the ap
pllcatton of the Company to -ss'ie J.: -
100,001 In ncn aae^nritttsa
' Aetiv* atSps are pi hand f?>r th* rr
t habilitation of the property, said Mr.
Hannard. ' Such balance i?s Is left ovr
after the experses of reorganization will
b* used In plaelng the road on a profit?
able operating basis."
! U. S. RUBBER EARNINGS
;Net Sales Shown by 1913 Re?
port Were $87.349,692.
Tbg BW report of the t nited State?
j Rubber 4'o?npan>, wlv-li for tlr? tirat time
I? .. consolidated *taten'cnt of all it* ?ub
f'dtanes. shows net sales nt.i"Uttttng IS
?WJAM Ks i otiiMi-'Min h tntv?o with
I 191:* because last year s report overs on.v
. the nine months from April 1 to l'ecetn
t L?cr 3!. with the additional three month*'
> operations of certain subsidiaries whose
I f.seal year had previously ended on Pi
I ? ember ?>'.. Previous reports of the Unite?!
States Uubber Company have been for th*
jfoaesl ysgjf ende?! March SI. which was
1 ehanga I to Dooetnber *?1 ?t the laat ?n
| nual incetniK of the stockholder?. Op?rat
ItSSJ profits last year were $l?>.<iST.?jlO ami
ItltS surplus for dividends W?S $7,1l0.l?.
[The surpl'is for the nina months* period
was tUH.'?S.
The Chicago, Rock Island &
Pacific Railway Company
Report of the Investigation of the Rock Island Linea
by the present management.
New York, Msrrh '>b. I*M4
MR I W VVAL1 *?< 1 .
CbsirmSB, Bondholders I ommtttee.
N>w York, N". V.
Deai Sit
Replying to your fsvor of February twenty-sixth, which has been
carefully noted :
On October 29th, 1913, the controlling interests in the HI Paso
<*v Southwestern Company, having previously scquired a Urge inter?
est in The Rock- Island Company, entered upon the management of
the Chicago. Rock Island & Pacific Railway Company and placed
me in charge of its op?ration*.
During the pa?t four months the new management his made a
careful investigation of the physical and financial conditions of the
property and has reached the following conclusions, the figures being
approximate
PRESENT CASH NEEDS
FIRST: \ vet y large sum of money estimated to be in the
neighborhood ol $20,(K)0,000?will be required by July l<t next to
meet bonds and car trusts maturing, floating indebtedness, including
t] 50HOOO il-;,- to tli" Railroad Company, and interest payments, to
provide for improvements, maintenance of equipment and better
ments. and to establish a normal working fund for the Chicago, Rock
?slatvl <v P.i' tf.c Railway Company, the operating company. It is
estimated that rash on hand and net earnings for the period will ag?
gregate $8,000,00(1, and the management is now applying for permis?
sion to make a short term loan for $7,5(X\000 against securities in
the Company's treasury. It 13 hoped and believed that such a loan
- can be secured, but there will then remain $4.500 000 to be provi?led
between now and July l?t, 1^14
No provision is mail* for tiic payment ot the dividend due Mav
'?-'. 1014. on the Stock of the Chicago, Rock Island <v Tacilic Rgihrai
Company held as collstersl for the 4~* bonds of the Chicago, Rock
Island &? Pacific Railroa?! Company, du?* 200** and in the judgment
of the management this dividend should not be pai?i \ statement
o** these cash requirement- finr-hrd bv the Comptroller, a?, ol I'cb
rtiary 1st, 1914 1-, eaclo -
FUTURE REQUIREMENTS
SI I OKD: In order that the Railway Companv may he operated
to the best advantage and produce the best remits, an expenditure
?>f about $25,000,000 will be required for betterments end-improv
ments during t?:?* nexl * ] ?-ars. This ?urn should put tue? roa-j in
better shape to compete SBCCeSSfolly with its neighbors.
'In** phyaical condition of the road is not by any mean', what it
should be to handle the business which is likely to be offered when
?he p<ne*.'I bueiaese Of the country revive?, as we hope and be'ievs
it will in tii?* BOt ??i-'anf future.
lu our judgment, however, the entire .?urn need not be spent
immediately, but thould be ?pre.vl in equal iastalfaeat8 over a period
"? five yean. If further sums <..rt b?* provided for radical revisions
of grai!?- and alignment, an?! for additional niuipment. a large amount
ol rapital could be judiciously expended, aad WS are confident that
resulta could be produced which would inure gre.itlv to the benefit
of the stockholders.
Tii?* total expected requirements for five year? sre:
rVsent needs. $12,000,(W)
Betterments . 25,000,000
In"?. U.OOOonii
FINANCE
THIRD ' ih? e reqttiretBeBta, ?he Company no?/.' V?as
treasury bonds ol $15O00.0CK?. and trill receive in five years at the
rate of fd ? yesr, $17,500,000 of 4"* Refunding Mortgage
Bon '
4hni'd have a good market if the credit of the
Company <*a:i be re-established. The Railway Company ho!d8
$7,500,000 debenture bonds of the. Railroad Company, due September
1st, l?ir. This item is ??? uncertain present value.
Daring the past twelve yeats, no money has been 8eeured by
sales of stock. Bonds in the sum of $1i;*VO0O.0<.>0 have been issued
?ince l'*04. an increase per mile of bonded d*bt of $13,',?00, or from
$2,i/io<i to a36\000 a mile.
The total bonds for which the Tlliroi?, or old company, is re?
sponsible, is %266,042,(?0, [ts 6tock -s $75,000.000. $44.123,712 worth
of eejatpm :nl has been purchased sine*? 100.-;, anrj there are out
Handing car trusts of 121,245,000. There is no jesu?? of stock of any
of the companies which can 1"* ?old at or near its par value.
The Rrfun?ling Mortgage prohibits further junior mortgage
! . n- The Company if, therefore, limited, in borrowing, to the u*-e
of bonds now in the treasury, which aggregates about $15,000,000
par vnlu'\ the annual addition of Refunding .Mortgage Ponds of
$.'..?700.000, till ,f>]9, or the sale of debentures.
The s>ale of the treasury bond??, if a fair price can he obtained,
v. inch now ??ems improbable, wilt meet claims to July Iff, 1014,
Lut wou!d leave the Cotapaav without means fur further finance
after that time. W'cic it possible to issue farther bonds upon satis?
factory terms, it woul'l. in our opinion, be inadvisable, as we think
? the limit ot ?atety fcr bond issues has already been reached until
the stock investment in the property is increased. It i?, therefore,
our judgment that a 6t-9ck re organisation is imperative and is
th- ?inly method bv which the de?ired end < an h?* attained.
POURTH: Unless some p'an can be dcviicd which has a good
prospect of accomplishing these resu'.t . and which is fair to all
1 U-iev of ?<*?-'.iritv holders, hscludtflg th?* 1'* Ponds represented bv
vour Committee, the raaaagement that I represent trill fee] it inad?
visable lo ctiet?na? "? charge of the property
FIFTH: It th?- expenditure-, ndicated above are rru.de and a
tair plan of re organtaatsOO can h?* devised which will provide the
nrreisary funds a? n-cded. we have great conlidence that the ptor
etty will produce satisfactory result?, and that m time substantial
dividends can be rc-inied on a pmper ?to, k capita', and the inter?
ests of ail he fully ?"tiserved. ^
Vours truly,
T. M. SCHUMACHER,
CHAIRMAN' RC*ARD Ol DIRPi TORS.
THF CHICAGO. ROCK ISLAND 4 PACIFIC RAILWAY COMPANY

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New-York tribune. [volume], March 06, 1914, Page 11, Image 11
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924