The sun. [volume] (New York [N.Y.]) 1833-1916, March 12, 1914, Image 11

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The sun. [volume], March 12, 1914, Page 11, Image 11
About The sun. [volume] (New York [N.Y.]) 1833-1916

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The sun. [volume] (New York [N.Y.]), 12 March 1914. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030272/1914-03-12/ed-1/seq-11/>

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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

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The sun. [volume], March 12, 1914, Page 11, Image 11
About The sun. [volume] (New York [N.Y.]) 1833-1916