Newspaper Page Text
THE SUN. THURSDAY, MARCH 12, 1914.
11 DUTTI7D TIUnVPTAin? mill aim IN COTTON MARKET Of fori nps by Recent Buyers Ab sorbed at Slight Reces sion in Price. DEMAND FOIt LOW LEVELS Trade Buying Likely to Pre rent Extensive Deliveries on Contracts. altheurh cotton murk yesterday rosed Irregular and gentralty at a alight nit loss for the day, the undertone showed lricTf.fc1 strength. The trivial recession on prion resulted from profit taking br thl buyers of Monday and early Tuesday, Kt& trie fact that the market absorbed thise offerings so well was-considered by msny to be an evidence of a healthy att rition. It dors look, however, as If the attempt li some quarter to kill off the new crap tt eomawhat premature. Inasmuch as not am 3 per cent of the cotton area has vrt been seeded. One of the leading trad (?tmt lnutd a compilation of replies (rem Tctaa correspondents yesterday lowing that there would be soma alight isereaee In Texas acreage and that there u no marked deficiency In moisture. Mother paper issued a preliminary os- . . . . ' . r , ,T In vtilnh I V, . Inr1lattnn rs dated to be around 17,000,000 acres, is a result of these rather favorable ad tat the distant months were rather tntlr oM yesterday and showed mora reskr.tKS than the near positions. It begins to look as If the low grade ctton In tho South would not prove aa Bjeh of a weight upon the contract mar Vks as has been believed recently. It W been rnerally assumed that spinners e14 cling to the high trades as Ionic H they could obtain them at anything nir a reasonable price and that the low trijcs would b" neglected. It was also unimed that there would be a surplus if le v crndes and that a part of this sur thii noiild b of tcndernbla quality. The Impression Is gaining ground, however. cat anne mere lire more low grades than nn te digested In tills neiinon, the stir lul will be too low In character to pans lor delivery In the mojt indulgent con tort Market, A a factor In tho market therefore It might be eald that such cot ten does not exist. As one Liverpool fra puts It: 'Tor nil tho effect It can lire on the situation It might as well t called by eomn other namo than cot- cn." At a mult of these developments It leekt as If Southern shippers would ttrt uw for all tho splnnable low grades they can find and that they might even rare to New York and competo with the letting spot Interest for the possession of tie locil Mock. This at least appears u be foreshadowed by Inquiries coming pre from the South as to terms for tek-i-r up cotton on contract. tpot ontton was unchanged. Mid- e;nr uplands, u.ioo. Hpot cotton In the rrinelp! Southern markets was un .Mnfed Ntv Orleans, lZc; Charles m. ll'le. : Norfolk. lS?jc: Pavannah. Il'ic Memphis, 13c; Augusta, 13.c. FDturv. closvd steady, about unchanged. Open- High- Low- Clot- Prev. inr t. est Inf. close. 1.(1 It 13 ljit u M 1I.T9 11 J 11.71 .1.77 1I.TS 11.41 11 7 lt.'l U. 41 ll.Ct II 4 11.40 11.11 11.11 11. SJ The New Orleans market was steady after the closing here. Trices there were: Mtosf Mtafrnl a?, wblle Germany Is I ws-wronsj ireeay wun goM steckt Chicago prices ware: wn. Wrt nnini ins, est, 9 May m ni Lowest. Cloe- Pre. ins. close sj n Ins. R 8" at 4-4, Mar. July.... mi September av S:::::r.r. ft S3 Now Tork wheat prices wera: Open- Kith- Low. Inf. eat, tel. May 11H m. WH July Mtt 97 wis Other wheat markets wera: Mirk- Low- mi. est 47H set, ut HH 14 40 MS cs Clee- Prev. Inf. close, m n i N floe- Prev, nr. ciees. M n it Sit Oats i. bet l.sn . Mlnneaoollst Ins. Mar K't Jiy-."" . Dululbi Mar n Mar Mjt Jalv n Hecelpte and esports were ! . w Wheat. Cern. Reeelpts Kew Terk n.QM lCftlwit-Ww TAvk Itervipts-Interlar (M.0M NT, too Ml! 000 Ksports-Citsraoees ttf.ost ,,,, i.ooe Car lot wheat receipts at Northwestern points wera i Tester- Last Last dar. week. year. Chlcaro.,,, M S3 71 MinneapoU Mi 174 304 Dululh M IS 61 Winnipeg H 114 SA Totals MO IN tn Cash prlocs were: Wheat No. 1 Northern at Minneapolis; PlHc: No. 1 Northern spring t. o. b. to arrive, 11.01 H ; No. I red f. o. b., It.otU l No. a hard f. o. b. t arrive, li.OtU i No, 1 Manitoba f. o. b., 11,04. Corn No, yellow prompt shipment, TOHc. No. 1 yellow prompt shipment. 73 Ho, Oats No. I whlta, 44a: No. t whits. 4IHa; standard, 4CH04a Barley Malting o. I. f. Buf falo, 5ifT5c. Hye No. Western, 87'i.c nour Spring patents, I4.7GQ 15.35: sprlrp clears, 13.90 it 14.20 : Kansas stralghtn, 4.33f f 4,(0. itV "etr.,.. Open- , iifi IS It II M 11.13 Hlsh eat. KM IS.) jm; 11.C4 I.ow. j: i:.m i:.as 11.44 Clot- Prev, Uur clo. I3.ii i:.4 i: i is u t:.s: is.u 11.41 11.31 Tae Liverpool market was aulet and d) There was a fair business In spot OSes, with middling unchanged at 6.87d. tiltt. f .COO talcs. Hecelpte. 14,000 bales, whdlriK 11,000 American. tMrm At T.h'.rnnnl w a m Open- Hlfti. Lew int. hi. est e.livi 11 A. M bids to Liverpool were: March. MJI. May, 11.77: July, ll.7i October, ... ine maraei mere is out 10 open la-ill about unnhanrrit at 1U Mints k.f. rert receipts and stocks wars: Tie- Lest Last ceintt. year. t.ut H.W7 N4uArr. ID KsMire . CCi Oe -Not i 17 0 S.B1V 1.17 Clot ln(. 1(4 est 1 4JH a.li-i rrev. cloxe. M .t: .434 fttl)-, 'eOrlitnt. tqasth . , Dateiton.. . nut. 4. 1H I.J1J Mil 'j rti I3S 1.14! 71 I. Ml M0 It Blocks. M0.S44 Ml. Ml 71.114 S,474 ), Ml lt.OIS Interior receipts ana stock were) Isnjlii, 1J Rock. flreflo-l 't-rin Re- cripte .. :.4 (47 , :w Itii Kttlmated port rreelplt to cUr. t.nio.to 1,400 10 4. MO Lstt rear. 4.711 l.,:i uo 1,17 Stocks. it, rat 1M.MS 70.7J4 ii.W, U.IM Last week. T.181 7,4 Jl.TU 10. Ml n.rrt 10. HI 41. It4 SIMS 11,101 Last rear. 1J4.IM 146.K76 74, IU so.ist Mil Last year. 6.(91 1,(11 THE GRAIN MARKETS. e.t cinsrs Slightly Lower Con and Oats Are Firm. ( Little nawn of an Important character Tt94 t affect wheat markets yeater--y inl trailing was quiet and Xeature- ISl Th . mh m r-n a .t .... -.a. , V. I . .. . A b'for-i the closing on Tuesday was 3x enr fn I t i , . ""Her toor reaponsa to It. Bentlmemt iii h . '"alc,ea ge-nerai Denei jslon faiicl to find sxprasslon In active .t 1410 -Jiiirry, oiioringw were "wlently heavy to causa a deollna of VSS"- ltni"rtJi from tea winter whaat "wry (! to )0Iinnr, the preceding w iU"a of wlnle klUIng In Kansas, twC ,hr ''er private svdvloea aaylnc J1 lnds In Nebraska and Kansaa wera qU!ne Htrri l . .... 7" ere rnportad and oaah buying was zvpnnuriir, The wica rang through th fot'.Mon viiia narrow and somewhat w - Cl. nnii, (uosinar migniiy nianer. cor.rv n reports of light ooun J "erlnin nnd better cash demanda "a'lier In parts of ths belt was aV "vovement. Out rulel firm I'tiLT 1 cloed unchanged to (4& Trading was moderatoly acUva, TlIlS M V.... l. -i a t . ,,vunra tiQins aw inijuni, Currcni saldl "Damage to winter rjl' h not been revealed. There Is !'.? ' ln nrf,r weather condltloni to '' the rjuenlon of damage to the mora 'Prlnwllke cllmatlo period." '""tnhMY, International Wheat Jfs- Lv- ' uemana ror toreign wneai a western Europe Is smaller than .''wore, aa native wheat Is being more ftoL ''r'', The continued eioellsnt l"jt i "inter wneai in ins unuw t?,! R," exerting soma Influenoe on that b,""r''- Ltet returns how Inn eunBumptlon of foreign wheat """I January and February was much "er thnn during the autumn, and this, owIi.l- to ths relative mildness mil ,'"n Increased the supply of but . nt1 A T00" authority reports llISCEIiLAKEOUS MARKETS. Coffee Has 0fcar Wreale Provi- elaaa Crese Lower. The coffee market developed 'acute weak ness yesterday under a toad of foreign and local selling that followed a sudden break of more than 1 fr. at Havre. Prices dropped 15 to 10 points to new low levels, the buying power being wholly Inadequate to absorb the offering. A part of this toes was recovered In the lata trading on short covering, and final prices nui'e 16 to 19 points lower. A further drop of 1-I4d. In the rate of Rio ex change helped to Intensify the bearish sentiment engendered by the continued heavy movement at Bratltlan primary points. The Havre market opened H fr. higher and closed 1H to 1H fr. lower. Ham burg started unchanged to U Pfg- higher and finished U to i pfg. lower. Klo No. 7 was Unchanged at 51050. At Bantoa No. 4 was SO rets lower at SI9C0, while No. 7 there was alto SO rels lower at 4t50. Rio and ftantos receipts totalled 24,000 bags, against 13,000 bags last year. Rao Paulo had 14,000, against 8,000, and Jundlahy 9,000 against 7,000. Prices were: Open. Bales. January.. .... renruary March f. Aertl - Mar. S.7W Jane July I.SM AUS-DSI Mntembsr.. 17. MS October No veneer. December.. Hie Hlfh Low- Clos ing. Ill f.rl It ttt in l.T 1.TT 1 M 1.M ej Provisions closed Arm. Cash Pork Me ssl I23OII1.80: family. llSSISa.BO. Cash Beef Packet. 1119111; family, I19VI30. Cash Lerfl Prime western. 110.00; refined Continent, fll.lSt South American, 111.1$, Chicago prices were: Ooen- Hlsh lnr eat. si lo n is 11. 10 11.17 lnr, est. est, i.'si i! I'm tit i'.ri i!H aii lit k'ti i'tt i'.li k'ti i'ii Pork i Mar.... Julr.... Lars i Mar.... July.... Kiot: Mar.... juir Iw. Clet- Prev. er SI. 44 Sl.M 10.71) 11.17 U.4S 11 17 11.S0 11.00 11 II 11. M 10 P 1S.I7 11 45 11.(7 n u 10 w lttn 11. w 11.00 clo 21.41 Sl.M 10.TS 10.H 11.45 11. (t Bucar The amount of raw sugar taken yesterday at the new spot basis of l.Hc. small. For the past two nays tnc sales were approximately 100,000 bags. Trie easier raw market has so far had no effect on quotations for fine granu lated, which continued at the 4c level. THE COPPER MAJLXET. There was an Improved tone to the cop per market yesterday, and conditions ap parently warrant an advance In price. This la evidenced by the fact that one of the large producing interests nas raised Its asking quotation for eleotrolytlo to 14 (, cents a pound. A light volume of business was transacted at 14 cents yeater day. DADIY PXODUCTB MARKET. v. ...mI. -f hM aim null. r in- , fresh steek created an easy market with a tendency to ell en the part et receivers. Local trade la only fair, with the eul of town demand disappointing. Under lbs call of the Mercantile, Csctianga yesterdar 31 tubs of eitras sold at Si lie., which was a little above the general trading pelnt. Beconde are He lower and, elpw. Storage It alts weak and lower, particularly on poor line., pnKfi, - , - " , ' etork Is plentiful, with a lower market. I'rlres follow: creamery e aires. Sio.! nrats Stl7Hc.; seconds. SltSIIHe.; held IIVrV fleiliVc.i nrtts. lITc.( Bute dairy, flnett. aTllo. good ,, Prime. Iia hum wroeeit extrae. lieile.l Brett, lit) OOHiy OF WALL 1TBXET. Aetloas and Reactleaa. Price movements) covering the poet eight months, measured .by the averages, show that the yarket has react) ed a rather Interesting stage. Prom the low point on June 11 of 95.07 prices roso to 103.48 on September 14), a rite of S.41 per cent From that level a reaction took the market down to ll.lt on November 11. This was a drop of C.C1 per cent Tty January 12 prices had advanced to 104. IK, or a. gain of 7.Sf per cent.- The setback from tho latest rise carried the market back to 99.23 lost week, a recession of B.62 per cent According to the old theory of market swings reactions In a bull market run from one-half to two-thirds of the previous rise. It will be seen that since June last the market has rather closely adhered to this rule. If the argument la correct that June last saw a turning point In the market aa regards the swings of first rank, and that consequently tho main tendency of prices Is upward the market la now In tho levels where accumulation should again take place. If the supposi tion concerning the June low Is Inoorrect the advances following must be consid ered In the nature of reactions In a bear market Sltic'.i Tedles. current nrsts, lOy.i packing tnew. eurrsnt maks. No. 2, 17a I no. I, UTHHO. rreen . nrsts. SHo.; whites. rurrnR Tow evades ere firm, particu larly on well cured whole mllke. Tew fresh line. In light demand. Prices arei mats. white, specials. nw".i """.T'tKYi-;" UK ante.! averase fancy, ' ?.; ,,n?.7rad.a. lttlltio.: skims, hold. .pedals. 1414tAo. held, thoioe, UtttJ lie; li nt ""T " " w trmdtV toth loeallr anfl froraoyt of town irBUW .l..tu ma el(t tirskVaillesli. Vol WSfrx".. VaV7erare'' VaSKa: with demand fair. Nearby whites are aulet. but In ample -upply with Je aualiw Irreg. SM.e5fm,"V fathtred txirae. jiw.my.. t!tc. firsts, lat! s.oonda, SlttC I)anngiwsll1s gallU llei w r ... . m te faaer. tIo.: hnn.ry,Wewn. sie ale Baltimore. 4lo. Westora. lljMJo.; TsnnessM aad ether good gouthern, lfllo. LIVE POULTRY Me auetatlens were ee tabllsMdMlwday. but & ear. ef Western, t Mouth rttni 4ni bow-"" ."LII were unloaded, making II cart -'fr ifi llm.,S.," frMlM yeeterday-w.-i moS. fr."s wTtn Indlealfens of lower price, on ?T'ftluniVuiT.- ef the fresh freeh hlHed fowitu OM reoetert .oar. and nrm? 8ome frkllled chickens are eear :waflfTr5Br onicaen. aw. fc , moderste supplr. with llttu'cil ter V?e.n duck. geese. Quotations arei rr.u v. wiliora box and barre s, fancy, tla; Ten nTSlenaKewtuck? bset. llfflHo.; Tsxaa, ihla, faas: 140.1 cap n. a ins iid. iv. vowis western, beied. It lbs. ana over to JoTIn "STa! "44I I its.. JPlV SO lbs.. Ie. I In br, eje. M-. 1M MlsW n-..Urn ttlsoeed hens and twins, tla: ' ' - . . . ........ . -B . 1, Deaver's Barden, The poor measure of support for the Western Pacific first mortgage t per cent bonds under present circumstances was again exhibited by another drop In ths pries to 59, as compared with 10 on .-nonaay and 71 a little while ago. Only twenty-five bonds changed hand. The weakness of the bonds naturally affected the shares of ths parent company, the Denver and Rio drande. The failure of the Western I'aclflo to become self-supporting has been a great disappointment to the Denver. The future of the fatter has been bound up with the success of Its new 1'nclflc coast extension. I-ast fall earnings were showing up a little better nnd It waa hoped that the Western Pacific would tarn at least 12,000,000 net during itfii. nut ror tho first seven months of ths current fiscal year net earnings amount to only 1111,011, or 1150,000 less than for the same period In 1911. The prospect Is, therefore, that the Denver, which has been hard put to It In recent years to finance Its burden, will again have to make up a substantial portion of ins fi.800,000 required to meet the In. terest on the Bret mortgage bonds. There is also due 11,250,000 on the second mortgage Issue. All of this, however, la held In the Denver treasury. Saajrar Report. The outstanding feature of the Amer ican Sugar Iteflntng report It the remark able contratt between the balance sheet and the profit and lose account On the one hand the xencral balance aheet shows a btg equity behind the stock and alto that the company In In an exceptionally strontr position as regards liquid assets. A glance at this showing recalls the state ment of an official of the company made at the tlmo the Government tult was In stituted a year or to ago that even In event of dissolution the stock had a liqui dating value equal to the current market price, which wat a good deal higher than It It now. On the other hand the nroflt and loss account for the year 1911 la an undeniably bad one. To prove this It is only sufficient to state that profits from operation alone wire only 1110,139, against I6.999.9IS paid out In dividends. Needless to say, under these clrcum- stances the company was compelled to draw heavily on the surplus of previous years. Calm Reeoptle. The stock market received the flu ear report calmly enough. Rven the etocka of the company were disturbed but little. It may be that tills waa because the ele ment of surprise ln the case was alto gether locking. Whether by design or not the manner In which the results became known was such aa to cause the minimum of excitement In the market. Kor many nays u nas oen common taix tnit the statement would b very bad. Although the publication of the rrnort waa sched uled for noon yesterday, the fact Is that every enterprlalnx broker was In full pos session or me rncis ny tun time the stock market opened. Hut even this doe. not altogether explain tho absence of pro. nounced weakness In the stock aelllns- Just below par when the holders are faced witn a report or that klnl. Tho prospects for the present year may explain this In difference partially. But undoubtedly the main reason Is that the stocks are selling on a basts of assets rather than current earnings. The Women's Mock. AmHn Ottmmw lm I. ....... . ....... j,- in nm, nil urn in. women's etook. This Is because the per centers of female stockholders Is about per cwi, uk ma wnois, or pronably largsr than In the case uf any other stock on the list New Haven Is also a favorite with the weaker sex. The market nrirea nf hotti Ihu. aliutV. h. . . elated notably In the recent years, but In each case the comparatively small amount mim'iuon uccosioneo inereoy nas been a matter of comment. The woman Investor has two curious characteristics. One Is that Invariably four times out of five a woman will Insist on a stock whleh enva a hi dlvldsnd lrroinnt!vA nt ak. considerations. The other la the extraor dinary tensdty with which she will hold on to her investments. Tenadousnees I. a charartr little of the Investor generally but with women It la onrrled to the ex- irem. jvpvciaiiy in wie case or in- woman show a tironounoed rils'.nclin.ilfm to make a change. Rven then she can be induced to do so only under great pres sure or because of dlra necessity, it is nnl fenrjwrn ttiBt ,nw rnm hmm ma tempted to fathom the mystery. RAILROAD EARNINGS, Ruffalo, Rochester and Pittsburg : 114. Change.. Rrst week Mareh. 1S07.STI Tito. 14,111 em Julr 1 7,1(1,177 Ins. 144 IIS Canadian iferthtrni First week Mareh. 1111,4(9 Teo. Prom July 1 14,171,140 Ine. Denver and Rio Orandti Plret week Marc. l,o rteo. Prom Julr 1 1S.EIT.tOO Dtc. Mlstourl, Kansas and Tesai! First week March, 1904.149 Deo. From Jury 1 11,111,1(4 Dec Missouri rselflci Plrrt wetk Mareh. It. 04?. 010 Dee. Prem July I Jt, 10T.007 Bee. fit. Louis flouthwuternt Plret wseh Mareh. Illt.ttt Dm, Prom July t l,i:o,lll Doe. Texas and Pacific: PRlLADaLrtTtA BANK MATE MINT. -I f' PHILADELPHIA RANK SJTATKMaTNT. Fourth Street National Bank Philadelphia, March 4, 1914. RIIOTJRCIS Loani and DlaeounU.tM,T84,OTl.SI Due from Banks T,61B,064.t7 ExchangM for Clear- InglTouN 8,4M,1M23 Cash and Reserve.... 11,701,617. 4 tU,UI,IM.9 LIABILITIII Capital Stock 18,000,000.00 Surplus and Net Profits 6,88,9I3.SS Circulation . . M lOO.OOO.N Deposits 48,147,088.43 188,888,883.98 ft. J. CLARK, CMhter TEE 0TJR1 XAUtXT. There waa general Improvement In the price of outside securities yesterday. fllker-IIrgeman was In actlvn demand and rose to a new high record level of 8f. Maxwell Motors issue, were strong, with final prices reflecting substantial gains. British-American Tobacco was fairly active and steady. United Cigar Stores ranged between 99 and 90i, dosing at 91 H, up V4 point The feature of the bond department was the weaknr.it manifested by Western Pacific 6s, whtch reached a low point of 59, as compared with a closing price of 04 on Monday. Mining stocks wcro somewhat irregular. THE STEEL MARKET. The unexpectedly Urge Increase In un filled tonnaire reported by the Steel Cor poration for February has been accepted ns Indicating a healthier trade situation than many seemed aware of. It la ad mitted by ateol interests, however, that the volume of business booked atnee March 1 hat been disappointing. Independent concerns in February did not do as well relatively as the Hteel Cor poration, according to the Iron A$, which says: "So fnr ns can ho learned Independent steel companies did not mako galne In tinflllod orders last month In proportion Braden Copper was strong, rising to ft to those of the Kteel Corporation. Home on good demand. Hrltlth Columbia Cop-10' the forhicr, however, have had a fuller per tigged allghtly to IS. Ln rune, blast furnace operation than the Hteel Consolidated yielded H to 14 : Ooldfleld Corporation for some time, the corpora Consolidated waa firmer at 1 ll-K, and tlon's percentage now being 7C, after the Nlplsslng Mines declined H to V. blowing In of one fumace each last week Htantlard Oil stocks displayed a rather I at the Jollet. Duquesne, Bella I re. New mixed tone, but on the whole prices lm-1 burgh and Hhoenberger planta and the proved. Standard Oil of New Tork wat , blowing out of one control furnace at iranea in acxiveiy, ana soia up to guv, --..,. omi -ui imiwh ns. ow with a later reaction to IM, Standard Oil of New Jersey closed strong at an advance of 4 point at 411. Standard Oil of California ranged between 350 and 1411 Standard Oil or Kentucky, new, I in per cent of ingot capacity active this week. "Our reports from Important market centres show that whlls consumers want all the steel they bought In the January Browed 9 Mints ta 910. and Standard Oil . "I'Urt new orders are not heavy, and nn of Ohio wan weak, declining to 450. 1 l"ome Products ns plates, shapes and bars Prairie Oil and Oaa lost I points, clot- fhe advance which was asked In February Ing at 979 : Atlantlo Iteftnlng fell off 4 1 "' Ming rnnlntnlned. At Chicago the points to 704: Ohio Oil moved up 2 points." lburg basis Is agnln more difficult to to IIS. and Vacuum Oil advanced 9 points P0""- Pltes and shapes a well as bars Executor Chartered 1822 TrustM The Farmers' Loan and Trust Company Nos. 16, 18, 20 & 22 William Stroot Branch Office, 475 Fifth Avenue New York. L0HDOH, 16 Ooekepor 8t,,w.w, 20 Old Broad Stmt, & a FARIB, 41 BouloTstd HeoHmann BERLIN, 66 Untcr den Lin don, N. W. T Travelen' Letters ef Credit. Foreign Exohange. Administrator Guardian ' Te the HeMert ef The rtjcnl PvMidhlavf TMBiiy lfTCe Gl4l BtMktJsl, elated Pebraary It, le. This Is to certify that In accordance with the provisions of tbe mo'tmre dated February U. lajj, made by The 1 -leral Publishing Com peny to Tbe City Trust CompaBy of New York, now The HqulMble Trust Company of New York as Trustee, there were drawn for recWmp lion this seventeenth day of lebruary 1911, at tbe offloe of The Kquluble Trust Company of New York, No. 37 Wall street, New tork citr. One hundred aad twenty thomeed iiuoXM) Dollars feet -alue of boada tesued nader said raortfaie, beartag ths foUowtsg serial sum. bera; vtt.t a) aia aa run 311 Ol) aui iuih on sea 441 845 id aai lati aeu 14M m if o aaa in am o ann a so aai aaa rteu m aoa iee 4it M 411 see 439 m eia aia 434 43 aaa BS4 ans) too aui IX mom ii ait) li at as ! ta aa 'I 144) lat iai IM KIT asa aai nao aa Stan Ml aaa So? aoa oa ll la aia 39 aa 41 aea aai 3 Hi 4V 14(33 039 ioaa 33 m 104H I04 ioaa i oaa lose a loea i aai i oaa IOT3 una i nia iota iitai ae isa 131 isa aa taa ini 144 ai iiaa iibt iiaa iiaa POND MAN, preferably unlverelty educa tloni active and islsble bonds It. ft. Indus trial and public tertlce, entirely eommtetlon baslti eicepttonul opportunltri elpsrlence not abiolutsly necertarv Addrean Hoom 1(100, Proadwar, New York to til. Transaction! ln detail yesterday were aa follows : In the market Open- Hlrh- Lew- Cloe- Sales. Ii. est. set. Ins. MM nearer Cone 11 I II n 400 Bo Men Montana.... H 1 H I teM Dredtn Copper IH 't TH too British-Am Tob II ni u a SVjO SriUsh Col Cop IS IS IS IMS Brit -Am Tob new.. MS MS a ii tOOHutte A London... 40 4J 49 13 1M Butte Xew Tork... V. ssM iCsribou Cebalt..,. 7) 71 77 71 10 Con Arisona tk S H H 9000 Crown lteterve IS 1'4 l' IS too Derts-Dalr Oep IS IS IS IS 100 El Paee Coi iv; 114 m ji, 11M Kly Con 4S 4 S . 4S MM merene 44 74 H 4 IBM 'a eld HID Cop 41 4J 41 41 1000 Oreenwaler 7 7 7 7 Mt Ooldfleld Coas...l 11-14 1 11-14 1 1MI 1 11-lt 1U Inter Jtubber I e... I I 7S "S 3400 Jumbo Eaten tl 11 n US 100 Kerr Lake 4 tl-U 4 n il 4 ll-ll 4 ll-ll tMLa Beet IH IH IS IS IMMaawtU Meter IH 7 IH lMt Mea Motor let pf.. IH MS u ns M Mist Meter Id pf... IH US S US lot Mines Co of Am.... IH IS IS :S 1M MeEla V Mln..., IH IS IH IS M0 Meson 'alley IH S H i'i W.I V Transport lilt w New Utah lilng.. M ll U is lfW) NIptMlns Mines.... IS IH H IS NO Nevada HI Us 14 II 14 11 iMOhto Copper H H S Si 40 Ora II 11 II 13S 171 Puebla fl A H is ts S 3S MM Klkrr.llereman .... IS IS IS IS 1 at and 8I1-Lead..l till 1 11 14 1 11. 11 1 11-14 4109 Ton Merter M M 04 M HOTon Mln of Nov... 7 7 7 7 loot Ton Extension 1 ll-M IS 1 11-11 i'i IMS Tuolumne Cop H 19-14 H S lies f r.lon Panc He... 7t :i ns r1, 1IM Unl Cigar Btores... S (IH MS US 3M West End Con to w 1 H IMO'Wttt End Exten.. 14 14 aTAXDARD Oil. fitimiDIARlEe. 2140 Antlo-Am Oil lis ITS ITS lu Atlantic Renmn.. .. 710 7M 74 IX Buckeye Pipe line. .. too is: 1(1 41 Contlaeatal Oil CfT 7,1 If" Crescrrn Pipe Une. .. (I t SI M Eureka Pipe Une.. .. 11 tit M Oalena Slrnal OU.. .. 1TI ITS 1TI IM Indiana Pipe line.. ,. u? iu 111 HI Net Transit US t IS MKT Transit . Itl M sos 976 Ohio Oil ill Ul If? MOPIeros OU 111 l'.O 111 M Prairis Oil m 0.. - IM 171 Ml IM South Penn Otl.. 4o IK m 30 80 West Ps P h.. IM Ut Ul 4M Mand Oil of Cat... fj) (40 III tB Stand Oil of lad til Ml Ki fltaod Oil of Ran.. .. IS IX li: iti atan oil of Kr new . ui iu o BMJ Stand Oil of V J .. ,. lit 410 411 OM Aland Oil of N Y.. .. l.tl Tit 74 f land Oil of Ohio.. .. ill 4tf us W Union Tank Line.. ., H i 14 Mt Vacuum Oil XT7 T13 777 tt Waebingtoa Oil M 14 14 BONDa. Iiooo Brsdsn Copper is. .140 W 110 ito II0O0 Can Pao IH notes.. IMS 1MH 104 104 100M Cuban new ta IIS MS 'S 'S bvko West Psdfle it lis (IS tt egell rents pee ehaes. having sold In some cases below 11.80, Pittsburg equivalent. "Hentlment at Chtcaso la InfluenrsA fcv the continued tack of railroad demand and 1 the conditions which hnv unrvnf-aMv nffectMl certain Implement companies. "In sime Northern pig Iron markets there Is tho contradiction of decreasing demand and a firmer attitude on prices by a number of fellers. Foundries have quite well covered their requirements for the tlrst half: on the other hand furnaces hnvo ro much prnritlesa business booked that they are unwilling to add more of the inline kind." Th" Iron Trade Tfetlrtc says: "Vnrlous attempts to show that tho Ntrel Corpora tion's allowing of unfilled orders for Feb ruary, Indicating a gain of 413.740 tons, was not as favorable as It appears are not well founded. Hhlpments were heavy In spite of somewhat unfavorable weather, bookings averaged more than 80,000 tons dally and the report la very encouraging. Other developments In the market have not been so favorable. New business and specifications on contracts for finished materials have declined and some very low prices are bring made, especially on structural material. Borne contracts being taken by fabricators and erectors Indi cate that plain material la being figured on an extremely low bals." WESTERN UNION DIVIDEND UP. P. Mnr- Inrrra.rd trt -I Per Cent. J an l.rnvre Hoard. Tho Wnstem 1'nlon Tel(rraph rvn pany duclnrml it uuar;trly dlvldond of 1 per cent, yesterday, thus putting the stnok on a 1 per rent, boats, an Increano of 1 per pent. This advanco li.nl been prom ised when 110,000.000 of the stock was offerod to the stockholders roeently In the sAle of American Teluphutie a.'kd Tcle Krnph Contpnny holdings. The resignation of J. P Morgan froni the boanl took effect. Mr. Morran an nounced hie intention of retiring siame tlmo niro when ho nnd other members of the llrm loft other directorate. Henry Wulteri nlao nwlgnel from the board. IMwln O. Merrill, prtMldent of tho Union Trust Company, win eleotnl to fill thei vncancy croat.-l by tho r.w'.gnatlon of William II. -Moore. 41.110 .101.101 ite.ieo II4.700 117,111 40I.IJ4 -1 ! i.iii,iii in.eoo 117.111 . 1140 111.117 114.900 73.100 - ov W,V,, . V -nsdi.an farm reserves are largsr mnv have been led to believe and Mia (urcpnan markets before long. Hue- rwervts are generally considered k., 4 rye, ihough some reports stats these are rather small. France Is Ten- 19? 1 ell I beat. II wile. t eld terns. II lie I iW'aTtjHa.? rSS fK'lWifelfttfK SsTet, and ever to aostaTilMa.! II lbs.. Tt)ViIo7l eld roetters. 14a.. Jfuoas. Lena noTi. "iiwiir first week March, 1117,711 Ine. Prom Julr 1 19.991,919 Ine. Western Pacific; Ptrst week Mareh. 171,101 Dm. Prom July 1 4,117,100 Inc. IlOCJCBtO VALLEY. The llecklng Valley Railway Company report for Januaryi 1111, Changes. Total oer. rev.... 1411,110 Deo. 979,714 ve.tfs inc. 1, CURB BT00XS CLOSING. THE PHILADELPHIA MARKET. PmuADetj'inA, March 11, There was a Meady tone to the market hero to day, with prleia at the finish registering fractional gains. There wat an active trade In bonds. Tin. summary! Open- Hlrh- Low- Clne- inr ett eel. lm. KS 1T r ? :i; I14j 1 104S ( ?S. 3lM 110 niiiwin . . . 70 llslrtnln pfd .. 391 rambrl tlieel 1 F.le,- stor list . Itl lien Atl'hall 10 f)e 11 Atphall pM K lu. Cn of N A. I Lelitrh Nsr. 1 Il.l.', Nnr I p 3 I'ennsrtrsnla Silt. .101', I Penn Heel pM H nn I'niinu'innia to 1 l'hlln Kler P 11 T WO I1 II T I e ll Phils Trac IM Tonopah W Tonopsh Itel, 17 t'nlon Trac. . 1,4 U u I ., 11 r ..K7 4S . .'4 ,, 4i"l T9 :iS "S 4: :s 14S IIS IIS 7 ,.7 m il '. 1,101 114,147 Pee. iOI.Jti Deo. I14,lli Dee. 4,117 Inc. 44. 717,711 Ine. 1,140,011 Inc. 11.111 1,130 127,110 117,119 Total oser. sspe,,. Nat oeer. rev... Oross Inroms, Total seaueiieas.. Deficit Prom July It Total oper. rev,,. Tutu oper, tips,.. Net oper. rev... I1.SI7.4H Dee. lll,l Oross Income 1,714,101 Den. 411,411 Total deductions.. Ml. 201 !eo. 41, til Net income 171.011 Dec. 171,(00 NEW YOIUC HAILWAYB. The New York Railways Company re ports (or December and the,. sit months ended December 11 last aa follows; 1111. Changes. Oross eper. rev,,,. 11,117,114 Ino. IH.lTl Oper. sspenees. In cluding depreola- . tion and reserve. 711.119 Dee. 1,114 Net oper. rev... 9414,111 Ine. Surplus 111,110 Ino. Total for sis mea ths t arose eper. rev,... 91,171,114 Ino. Oper. sspenees, In cluding, deprecla tlon and reserve. 4,411,119 laa lt, 001 17,711 I1IT.IIT . 41.174 Net ever, rev Burshu fee II.7II.II4 Ino. Itl.ltl lasemss 101,114 Ino 41,119 Yrsterdsr. Toeelsy, Btd. Asked. llld.Alked. DrsdenCop 9 S 74 TS nrltleh-AmToh, T 3.1 3311 S3 llrlll.h-Am Tob new. HH 31 :s ;si C.'rrene Cansnes new . II IS M .1) Kerr Lake 4 ll-ll 4i 4 11-10 H La Rose., IS Hi l H( , Uhlih Valley Coal.... ,1) ill 110 ii , Mtiea Valley IH I 3)1 Msnhattaa Traaslt lit IS tf t( . MareoalefAm 4S il4 H tli Nlpltalng Mines... Hi H ! M Tobaoro Prod pf I4' 11 US Un Cti of Am IIS HH M 'H Yukon Gold 3 IS 3 alt , BONDS. Braden Cop as H 114 ion its Canadian Pee 4s 104 10414 10m 10414 N Y City 414s IMO.. . ,10014 101 100H 101 N Y City 4) 1W.. , ,11ns 101 KU 101 Western Pao Is so 43 M 03 I1M Am O 4 E Is ... , 9S j'tv nunwm na. . ... toe HQ K 4 p Is. . US 40no I.eh Vsl 4S .nj piAO Ih Val Col t . IMS yno Phlla Co Con KU m Phils Elec fe 103S .-0 Phtla lllec 4s . . ., 1U 1000 lUadillf O M 4 .MS eet 107 lS ri H 31 S 1S toil i 4tS PS IU7 1" lli 7 IS-14 42 13 UTt IM MS 10fi wiv! 1WS ui et. OS 107 4H M s 79 UH ItH 1 IMS it HH its US IIS US us ns 7 4! HI H ld4 II U K?U fiU nil 03 IKS sS H ns lots HH 11O MS KS DIVIDEND DECLARATIONS. THE CHICAGO MARKET. Chicago, March 11 Trading waa very dull, without much change In values. Commnwealth Kdlton was a firm feature and BearaIloebuck continued steady. Booth fisheries preferred advanced 3 polnti from the previous sale. Bond mar ket quiet -with Metropolitan 4a showing UXS Hw tch ami a gain of i point from yesterday's clottng. "quJri.rly?. .! . ine summary , Bales. 10 Am Itadlstor pf. 001 n nen pr. rneii tool. Rv aertss .. 100 Com Edtsen,,.,,. 1& nimmontt Mateh. X Hart SIM pf.. 11.1 i u . 70 Mont 101 Kesri. 40 Boot It! fni too Com Rr k U rite.. 14 1 Ward pf IKS i-BoebucV i!i'I li Union ebW.!!"!i4j lioooo Chi Ry Is imi l uiu s,uieoii es 10 MM arl ICMMet t-eldle., TIS Open. Itlrh- Low- Cloe Ins. est. est. ins. .,10 130 1P1 ,, IS 13 17 ,, MS t' .. II ..1ST .. II 1WS If lor.s ions Iish liS tils BONDS. MS I it tS lS ml 11s 1I74T 1I7H ion; VIS 105S 11 ".-i MS li 71 71 el4 4; IfliS 8 fn-npany and Term Maine Central, quarterly. American locomotive, quarterly . . .. pfd United Plmn Machinery litrporstlon, quarterly, pfd United Hhce Mr.clilnrry Corporation, quarterly, ran New York Central, quar terly Weetern Union Telegraph, qunrterly Keoliuk and Dra Moines llsllwny American Eiprtss, quar terly Knlrlierbocker Iniurancs, Initial Melarhrlnn Co.. Inc 1 Kttphano Hros com , 8. h. Kress, quarterly., p(d I Plttebursli Tlate aim, quarterly com ritt.hursh Plate aisss. annuil pfd Union Hwllrh und Hlfnal (lock) pfd Union Hn Itch and Hlfnal (H do l com Union Nwltch nnd Hltnal. uarierir pro Ulgnal, com Hart, Hchuffner ft Mara, quarterly. pfd Iledley tluld Mining, qunrterly Medley Cold Mining, extra. American Type Founders. quarterly pfd American Type I'oundern, qusrterly coin Muekoie llss and Klso- trlc, qusrterl , . , , , ,. pfd Washburn Wire, quar terly pfd Washburn Wire, quar terly.,, eom PS'l Virginia Hallway anil lois rower, ecmi annual... coin V quarterly pfd IH Crown Itsserva Mining, 4 monthly fttt. Ami. Payable. IS Apr 1 IH Apr 31 114 Apr 4 I Apr, I IH Apr. II t Apr. II 11.11 Apr. 1 IS Apr. 1 I Xpr' IH Apr. 1 IH Apr. 1 11 Apr. 1 1.1 Apr. to 1-1 Apr. :o ll. eo Apr. 10 II. 10 Apr. 10 IH Mar. 91 I Mar. II I Mar. II IH Apr. II I Apr. II IH Mar. ll I H Apr. I IH Apr. 1 IH Apr. 10 1 Apr. 1 1 Apr. II Tbe EaaltebW Trett Cvaseeay ef New Terk, liy Surest. ABiiirsoiea, Assistant Secretary. The Federal Pskllthtas t'esapaey. Ily Ban V oou. ftecreurr. I hereby eertlfy thai the abort numbered bonds wera drawn as suited above. Mttcs M. liovass. Notary Public, New ptk county. The holders of tbe abote-mentloned bonds an hereby notified that eald bond will bo pU at par and arcriied Intervei on May 30th, loll, upon presenution and surrender thereof at the office of The t: mi I table Trust t'ompiny of New lore, .o. hi wan nireei, irra t.n, ou which date Interest thereon will reaie. The Federal PahUsbtag (yiaspaay. liy !!. U'oon. Vcretsry Nw Yoss, N. Y lebruarr 1. 14 WVIIIENII'l AMI INTRKP.NT. THK AMKHIt'AN lllHAICII COMPANY. HI 1 1 ITH AHM'b New York. .Miruli 11, till. Notice Is hereby gjlten tlut the tlosrd nf Dlrertors of THK AMUItlCAN TOBACCO COMPANY hi. directed the dletrlbutlnn ratably anionic He common stock holders ee they appear uf record at the cloie of buel nees 011 April 1. 1914, of 110,729 Tlntrkltd B Deterred Ordinary rthere. of the par value of il sarh of The Imperial Tobacco Company lot Ureal llrltaln and Ireland), Limited, that being all of the eharee of eald Company be longing to The Amerlcsn Tobacco Compsny Iheas sharee can be le.ued only to stock holders of record at the rloee. of buelnees on April 1, 1114, nnd the rlghf tu the shares cannot be traneferred or alfiie.l The dl.trlbutlon will be in.idrf b r'flrler.J mell on April :o, ISll. or ae iouii thereafter tt 307:i piueible: such dl.trlbutlon mill amount to 40HJ4 1 of an Imperial tlentrlcted II D'ferreJ Ordl nary Fhare for eat.li ehare of Th America I Tobacco Compan Oommun Stock, an 1 Mil1 b In the form of a nou nerotlahl tran.fer t deed for whole shares, and warrant for fractions of share.. ald warrant redeem able tor whnla share If presented to Uuar anty Tru.t Company, at 140 Hroadway, New I York City, on or before Aucuit 30. 1911. to f ether with lllte wsrrants atsretatlng one ull share or any multiple thereof, ptoWded, however, that the tranefsr deed for full shares will Itaue only to a common stock holder of The American Tobacco Company of record at the cloee of bulnee April 1, 1914 All dividends declsred or paid on eald Imperial Hharee before the actual distribu tion will Inure to the benefit of The American Tobacco Company and not to the distributees Under the Article nf Association of The Imperial Tobacco Companv (uf ilral llrltaln and Ireland), Limited, ih directors of that Company miiv refine regletritlon of I not approve, and it I further provide! cur ' eald Article of Ae.nclatlon that u resietered holder of II lteiirl 'led 11 Deterred Ordinary Hharee, or II Deferred Ordinary Hliare, dr. elrlr.s to tranfer them, mti.t offer them through Th Imperial Tnbaico Company (of ilrrat llrltuln and Ireland) Limited, in the holder ol It 11 Deferred OMInarv Shares but not to the holder nf Itertrlcted 71 De. ' ferred Ordinary Share) ut a prlca Hied from yiar to )ear by tho eharehnlders In seneral I int.tlns (the iirc.ent price ned at the gen eral meetlns lieM rcbrunrr. 1911, I. tf it I per ehare, with Interest at the rate nr S per annum Imm the U.t dividend payment lo I the day of ale An esceptton to thle pro- 1 viilnn a to tranafer I that a regiaorel holder may tranefer freely during lite, nr b 1 will, to a husband, wife, son, daughter. 1 father, mother, brother, eieter. uncle, aunt aon-ln-la'v, brother In law, dauihtrr.ln.la 1 or !tr!n daw I . T TO THE HOLDERS OF Natterial RaMwayii af Meilca Friar Ucn 4h 50-Year Sinking Fund BtHtgmaMt Gald Bangkl. I Tho tranfer bnnlta nf The American To , . m . 1 t'nvn v.uitti',i "lit 'uit iruttt IttV Natlaiul RaUraad Camany af amnin -r im.me.. March it. 1914. m the uj, , i , - sa-iatv lion Al.C ' cioee oc nuainees on April I, 1914, and the Bantfa. Mexican Central Railway Camaany Urn. rrlarltjr BaneJa. Notice Is hereby given that the offer of the Company contained In the notice datad De cember 14th. 1111. and January 31st. 1114. to make payment ef the coupons duo January be made in the they appear on distribution will stock holder named date. J M. W H1CKP, Treasurer of The American Tob iccn I'omr common the last SOUTHERN PACIFIC COMPANY DIVIDEND NO 30, UL'ARTKliLY DIVIDEND of One DolUr . ;.V7r L 00 Jn1u"r, and T-lfiy Cent. II1.0OI p.r share on th. 1st. 1114. on the abevs mentioned securities. capital Htock of thl Company ha been de. In ths Three Year Kli Psr Cent. Pecured 1 dared tavabl at tha Treaaurrr' Odlce, No Oold Note, ef ths Company, due January "j. v,or.1-. v,' ,"! 1 or buslnes 113 u clock nnont, M.turda) I ctt :t. tll Th .totlt transfer books not be cloeed for the navment of thl dividend Cheques w til be mailed only in prei.ntatlon and aurrend.r at th.lr r.petlv. jond order. A K VAN DI:VI:NTI:H, Treasurer New ork, IVbrusry 11 1314 1st. 1917, having becoins eff.ctlv., aald Note will b delivered on and after the 10th day ruary of March, 1111. by th Depcaltarle. with 1 111 n whom the coupon war. deposited, upon the oftlc. of tbelr receipt l.aued for ueh rou pons. Dated, New York. March Klh. 1114. FERROCARRILCi NACIONALES DK MEXICO (National Railway! of Mriico) Ily K. N. BHOW.N, President. To all holder of bond Issued under and eurJ by a mortgaf of the California. Nevadr. Cupper Company lof which Company Aia.Ka-i.oner uoia Mine wonipauy 1. sue 1 iLOMt-MIKri-f Kl.ll STIIKI. IMON CO. Illrmlnghani, Ala, The Uierutlv Cttmmlttee ot the Hoard of Director of thl Company hie declared a i quarterly dividend of One and Three. quar ter pr cent (IS1.! nn the preferred eloek out of the earning, payable April I, 1914, nt th urllce ot tho Central Tru.t Company of New York, without the rlvlug of books to stockholder of rerord ot three y M March 11. 1914, at th office of eald Central fruit Company of New York, Transfer ce'or to the Htandard Trut Company of 1 Agent. .,, Nov York (of which Company liuaranty v ffi ,f'," ! Trut Company nf New York la uccenr N'w tork. March 10, 1914 v A Treasurer truittee) and Kdward M. P. Miller. Trustee. datett ueeinnr It, 1901: You are hereby notified that a hearing vltl be held brore I'ayaou Merrill. U. l-pectal Master, appointed by the United Put Die. trlct Court for the Houihern District of New York. In u cae entitled "Guaranty Tru.t Company uf New York and IMwanl M I lllller, u Trusteea. Complainant, against Alaeka-nbner Hold Mill Cnmpeny and other. Defendant." for the foreclosure of the raid mortgage and for th other relief demanded In the complaint therein, at the ofllce of the eld Hpeflal Ma.ter. .1 100 Broadwai, llorough of Manhattan, 1'ltv of N.w York, on tbe 33rd day of March, 1914, at 11 o'clock In the forenoon, at which time proof will be taken as to th. validity of the bonds Issued und.r the .aid mortgage and th. .sunt to which arh of them may be .ntltl.d to ihar In the mortgaged property; and you are then anil there reojlred to sp pear and prove your right, to any of the bonds held by you. Dated March 11, 1914 (IUAIIANTY Tltt'HT COMPANY Ol NEW YOltK My Plet.nn. Jennings A llussell, Solicitor fur Cotupliilnant B0L0ONESI ASSETS SHRINK. Caper! Aocoeatan Tells Aeelanrr II II u Petal Oversietement. Francis rJllbert. aemlgnee of A. Itnloj-. neat Co., bankers and tranafer Rgonts, eald yesttrday after a meeting ttf the creditors that an expert aomuntant hud foiuitl that tho eeweUi of th rlnn had been carried at a higher book value Uuvn they were really worth. At the time of the ntgruiicnt Mr. llologneel eanlmabnd that the aavet-ts were 1316,000, with llnbll Itlee of about 1249,000. The assets oonnlstod of real retain In Brooklyn and Highland. N. V, iiimI ee curltlas of mnnufncturlng companies In which Mr. Bologiiasi was InterestfHL Mr Ollbert euild that Mr. llologncril had valticl the real entnte at 179,000, Authority was given Mr, Ullbert yesterday by the cred itors to sell tli UrolUTi property before April 1 neat M not lm than 130,000. It is thought that the HUrhlatida property can be sold at I10.0O0, Mr. Uoloarrmsl cnrrlnd hie Invne-tments In the companies In which he waa In terested at 413,000, but, acoonllner to the aealgnee, these atooka and bonds wre nf little value eiccpt five shares of ntcwk In the Columbus Exchange Hank In Provi dence, H. I worth I&00. Testerday'e meeting, whidh waa hald at the IDallan Chamber of Cmnierce, wns a stormier session than the tlrst mecllim and lasted oonalderably longer. The cred itors' commltte worked moro than two liourH with the creditors Imforo fhoy would calm down etxnigh to vote on tho motion authorising the Kile of tho Ilroo' lyn property UNITED hllOK Mtnil.NKHY COIIPORA HON, The Director, of thl i.'irporlltin hsv As, cl.ired a quarterly dliilent uf mi (17 u, ct per eharel on the rreferre I I'spltal atock. and a dlxldeml of 1 ' (60 cts p.r hare) on the Common cipltiil stock, both payable April 4th. 1914. to etockhnlders nf record at th. close of bustnrrs M.trrh nth. ltll I. A COOI.IDdi:. Trea.ur.r NKtV Y4IHK MOTIIIX PICTt'llK I DltPOKATIIIN. MONTIIL1 lUVIDKND .NO 10, dividend of ti per cent upon ths capilnl etoik of thl corporation h beao declared, tiayabls on March 1, 1914. to .tuck holder of rerord at the opening of bueln.ss on that day New York. March 10. 1914 ClIAflLUH J 1IITI!, Treasurer, A dividend at tha ret nf li)c, p.r mars wl'l be paid by The tlnldileld ron.olldl4 .Mines Company on April SO, 1911, to (ock. holder who are of record at th cn of bu.ln.. un March 9) l'U A II limv'U, Secreisry I'KDI'O.'.AI.x. THE MONTREAL MARKET. ELECTRICAL SECURITIES CORPORATION llflh anil Tenth herlr. Collateral True I Pinking Fund I1ir IVr (Vol. IVuml. The tluarantv Tru.t ('onip.inv of New York a. succeiteor of the Hmntlaril Tru.t Company nf Nev. York, a. Tru.tei, under th Iiulen. lures securing the aboie invliea propn.aU for the aale of u inanv of the Kimi SKHlKJi s can t-e purcheeed for th aum of Twenty-nine Thousand Three Hundred and rifty "I J Dollar ..ml Twenty ne rente 1129. SM 31) and a many bond of Ihe TKNTll rlKltlKH a can be nurched for th sum ot Six Thousand I'lve llundied Dollar. (ll.bOO) nt not evce.dlng 101 and aecru.d lntere.t In ca- h tnel in e Sealed proposal. m1,I be receded at th ' office of The ilunranty T'ttet Company nf i New York. 140 llutidnM, Ne 1 ork lt until Ten o'clock A M Monday March :i. 1311 At' bond accepted i I be paid for on Wednesday March 36 111, on delivery, and lntr.t 111 not be allowed after that data Thli noilt e I. given pursuant tn the pro. vl.lnn nf Article Kourlh nf th Indenture. eeurlng ihe ld KH-TIt and TIZiTH 8HRI11H of said bond OUAHANTY TIIU.IT COMPANY OF NKW I YOHIk, I Ily VOt C COX. Vtrs-Preild.nt EI.PtlTIONrl AND MKETINOS. HrTIII.IlllKM M'KKI. COHI'OHATIIlV. Nonci: or ninth annual mi:ittin(i or STOCK1IOI.DE11.S. Th. Ninth Annual Mtlr,g of tha Htock hnld.r.. of llthlehm hte.l Corporation all! be held at It principal otnee. No. 7S Broad street, Nenjitrfc: New Jersey, on Tuesday April 1, 1114, at 1! o'clock noon, for the following purpoaa.i (I) tn elect four directors to .erv. for a term of thre years; () to consider and vote upon the approval and ratification of all action of the Hoard of Director, Uxeeutlve Committee and officer, of the Corporation lnce tho r'.lghth Annus Meeting of Its stockholders, held on A l'rt 1. Ulli and (I) tn tranoct such o'he buslne.i a may properly come befure .eld meeting. Ill oona lor lit" irn.i"r t't ,i.r-i m itt Hank nf Mnntrenl Arailllan Trartlou Canadian Cement Canadian Cons Itubber.... Crown Kewrre , Detroit United fly Dominion Hteel Corp Dominion Textile Laurentlde ..... u . Montreal L It ft P. . ,. Norn Bontls Hteel ft Coal. Orlivia Flour Mills. ...... Quebec rty li P jtlch 4 0nt Nav. Miawlnigan VT ft P Wteri.tr.. Williams SherwIn.Williams pfd .... Hteel Co of Canada Toronto Hallway Winnipeg Slree! Rr . Pld. . Ktj . 30', . 14 . Ilk. . 71'. 91 W. . n; ::4 . "i . io . u v . tor. . WH . CO . 100V. . II . 140 504 Asked, :ii 11 11 73 ?2H Mil lit :tt-i 77 un. if.', ii iff, tt 10 I40i; no .utiltul .tork nf tit I'oenorat ton. both nr i fcrrd in 1 common, wrt b cl.l n' I o'clock 1' M on Monday. March 10 1914 nnd will be reopened ot 10 o'clock A M on Wfdnced.iy. April I 1911 i Newark, New Jcrv Mrh 4. 1111 1 It It JONr.,0. (Wretsrr 1 ATLAS IMMVIIKK COMPANV. Wilmington, Del, r.brusry "4th. 1914 The Annual Meellt.g cf flock holders of thle t'omp.ny for tie icHon of director, will be held at tho prln, ipn ufi.'e of the Company, llth A Msrkt r" , Wllinlnilon I Delaware, nn Tuesdsy, March I th 1911, at IS o'clnclc noon. ' In accordance ulth th lw cf the mat of DeUwirc. r.o stock cm If v-jted en tt any election which he t"n iranef.rred nn th. books of th Company within twenty days nest preceding such election I r; 11 COY Secretary