The sun. [volume], June 03, 1914, Page 13, Image 13

About The sun. [volume] (New York [N.Y.]) 1833-1916

Image provided by: The New York Public Library, Astor, Lenox and Tilden Foundation

                
THE SUN, WEDNESDAY, JUNE 3, 19J4.,
13
9
NATURAL REACTION
IK COTTON MARKET
4
prices Peclino Sharply on Ef
fort of I.oenl Hull Inter
ests to Unload.
WK1.K IS WKATH Kit BULLISH
Dronjrht in the Enslcrn licit
'rotioHnccrt as One of
Worst, on Itcrord.
Ylrntlirr for Cotton Slntra,
rot N ' h Carolina, generally fair to-day
in to-morruw, light In moderate winds,
rr H J'h Carolina, fair end partly
cloud to-day. In. morrow occasional thun-Or-b'-"""
In tniith portion) light to moil
rut thlf in winds.
y.r f '.i I'ir.il thundrrshnwera to-day
nit p" 'fl-morrow. esrrpf filr to-day
' touth . ii!on. Ilfbt to moderate wnde,
m .r h
fr M - ppl. reneMlly fair to-day and
tr-tnnrr .w 1 Khi shifting winds.
Tar l llana. fair to-day and to-morrow;
!IM winds, tnntlly south.
Ff cistern Teiaa, fair to-day and to
narrow, etrept showera lo.nlirht or to-morrow
la ronhwest portion! light to moderate
uuth w.
Tor oift-n Teiaa. generally fair to-day
,rl I mjrr w. warmer to-day In the Pan
tll'lr. rer Ok altoraa. partly cloudy and warn.jr
' tt-iiy, tliowere to-night or tn-morroir.
For Ark msas. severally fair to-day and
tomorrow.
rV Ttnneaita. fair to-dayj to-morrow un
titled. For Kentucky, fair, warmer to-day; te
tiorrow unteltled. probably choaeri.
Cotton declined rather tharply In ttis
last hour of trading yesterday and prices
howed n net Ion of 14 to 18 points. A
lood many trailers who resisted Uio temp
Utlon to liquidate at the cloia of laat
reek and after the bullish Government
, condition report on Monday took fright
alone In the afternoon and dumped over
board most of their holdings.
It looks ps If tho decline was some
unit of a natural reaction, although a
treat many traders construe tho break
' ! the bglnnlnK of h further derllne.
That the mnrket was overbought, speak
!r In n purely local rense, seems quit
cltar. When tho weekly weather report
in issued at neon yesterday It sot forth
jlo'Jt as bulllali a set of conditions as
eyer wero contained In nn otnclat docu
ment, Tho respone was rather feeble,
however, and after prices had wabbled
tip a fen points a little local Belling started
the bulls wavering and a scramblo to get
out ensued.
There was alio tho usual talk that con
ditions proliably wero hi bad that the
only clungi) posslblo would be for the
better. With clear skies In Texas and
boners In the south Atlantic Htates u,
more optimistic view would lie taken
The ciop, however, hns started off with
tho lowtet condition with two exceptions
of any crop tn the last quartor of u cen
tury. Moreover, no crop with a condi
tion under 80 has ever resulted In a full
yield. Tho summary of tho weekly
leather report stated that the drought In
tho Katlrrn belt was one of the most
nera spring droughts ever known and
that It l greatly retarding the growth
of early planted cotton and delaying ger
mination of late planted cotton. In the
Western belt. It was aald, excessive rains
had prevented any Improvement In cotton
and largo areas of North Texas remain
'implanted.
.There has been to much liquidation and
"iirotit taking recently that lower prices In
Liverpool bringing a further decline In the
local market probably would encourage
considerable; trad" buying this morning.
Futures closed barely steady, 14 to IS
polnli lower.
Opon
me HI',
tin
: 7
I. 77
Hub
est
II 4
11 l.J
11 '.I
i:.m
Low.
elt.
m so
t:
tt.ii)
Clo
I nr.
1 10
t:.ii
t:.M
i:.;o
I'rar
(loie
U St
not
1J.04
12.17
July . ...
tioiolr
iM'-mlr
Jtnun
Spot otton nt New York was unchanged
a' 13 70 Southern spot markets were un-
hinged to i lower, with New Orleans
S iJlvet.m 14. Savannah 1ST, Iloim
"n 13, Augusta 14 u and Memphis
UH.
Tlie New Orleans markut was steady
and oir after the closing lierv. Trices
(litre ui'ie;
Olten- lllth- Low Clot. Pre
ni i'5t etl In-, clnte
Ub, . .UK l.7 13 M II M till
Ov-loWr li :) l!.i I- 17 1S.1T 11.93
litrrmUr u l 1 1J 77 11.17 11 82
iD.ur . u 1 li.t 11.71 11.71 11.83
The I.iveipool tnorUot was quiet. Thero
tvai a fa.r business in spot cotton, with
mMdllng 16 points higher at 7.ltd. Sales,
l COO lulis. Itecelpts, 6,000 bales; all
4meriean.
Prices at Liverpool wers:
open
I'jbMur : -ii
llllh
e.t, Low
est : Wi
c.?
Clos
tti; 7.10',
1 1
4.77
Prer,
c!oi.
7.1ti.i
.7I
4.6IS
July.
.i, ; M
.t
C.tO C.lt
in vv
Jin leb
11 A M bids to Liverpool wore;
1S 5S. October. 13. 9 ! Ilectoritier.
12.K2
Jhe market there Is due to open to-day
io a points tocr.
I'ort r. eclpts and stocks were
lie
cell.lt . 4M
I I'll
.. s.:j)
.. tvi
174
ll
. 1.117
Lut
year
3.042
3.ISS
u:i
31
1,211
142
174
Laat
year
14.441
71.141
41.931
U.ISS
tt III
9.171
11. W
Klovka.
11V6U
110.27 J
4I,3I
l.lal
n,u:i
14.1'jT
lu.171
Gthri'oq .
Ne Oie mi
ii'.nh .
CliirlM'nii .
Vnrtoiu
Wilmwilon
"bile
Interior receipts and stocks wcros
, He- Last
Last
year
oi.Otl
4 1, 147
::.oi
KM
Last
year
1,011
V.tJl
Total
bales,
CTH.it year.
., 1,4 1,111
411 111
. , m a.,
., Ill 1M
Stocks.
tl.071
IS. 709
13.2I7
:t,i:
Latt
Meek,
1,214
t,U
Hoanon
Mtoiphii
AUIUkU
el Umu
Kttluiattd port
receipt to day,
oiltnioti .... i.iug to :,iw)
M Orkani ... J,4W)to i.M
l.p.o , yesterday, 4,H72 bales.
"'Us f,,r this season, S. 434, 000
'int Ilii.uOO bales last year.
CONSOLIDATED EXCHANGE.
liutiiiegs on the Consolidated Stock Ex.
er.ji Ke u more thun double Monday's
turiiuvu , th4 aales aggregating 36,110
HMr- ,vw lluven establish d a new
i .rii price of 63, this being a
'' n under Its lowest price on th
r Stock lix change. Thera were
iraiiia i.one ut par In the recsntjy listed
T'.ii.k .a Cove Blone Company 7 per cent,
orei erred Mock. Third Av nue sold on
tnu j. jo o'Uock opening call at 42U, the
"i market for that stock In Willi Utrest
ill day
Undo price chunges compared with
'.. d.iy's closing quotations recorded on
' cull wire Irregular there were more
ui l rien than advanced On the call Mis
"ur, 1'aclfle sold at IS and 13, the tat
ter tieinw tn n nnl call price and repre
' yg a loss of i of a point, Later on
II touched low of against a low
in 'he other board of 18, while the
f tnuli was 19'4, against !
Tim beat turnovers wero: Heading,
'") "hiirei: United Slates Stetl, 8,rtli0
.fre. union I'ucinc, 5,440 shares; New
Hen 2 3ao shares; Amalgamated Cop.
J"- 2 310 shares, and Missouri Pncltlo
'.'to shares Steel did not sell under 60,
ja r.nt h New York Stock Exchange low
or r.aTi o-n-.iu r.AiiiA r..i.iK
Jy ind Southern Paclflo wero also ac-
THE GRAIN MARKETS.
Strength of Corn Mfta Prices mt
Wheal and Oats,
Offerings of wheat were light yester
day, notwithstanding Very favorable crop
and weather accounts from winter and
spring wheat territory. L-lght primary
receipts, decreasing stocks, bullish for.
nlgii news and the strength of com all
had more or less weight In prttervlng
a tnnn of moderate strength during the
greater part of the tendon, tfeent bene
flrlal showers and seasonable tempera
tures made for laeul conditions over the
greater Dart of tho winter wheat helL
Harvesting was retorted to be general In
southern Oklahoma.
A private report by a Western house
Placed the winter wheat condition at
."?, Indicating a crop of 622.300.fl00
huihcls This compared rather unfavor
ably with the report recently Issued by
It. W. Snow, which Indicated a crop of
fil7.nn0.000 bushels. The London and
Paris markets remained closed ami other
foreign tnnrkMs were without noteworthy
feature. Advices from Husala said the
crop was deteriorating In the Knuthwust
owing to Intense heat und luck of mois
ture. Itrailflmt't visible supply of
American whent decreased 4, 408.000
huahels and the total wotld's visible de
creased t, SOU, 000 bushels.
There was heavy .'otnmlsolnn hous buy
ing of corn, much of It Inspired by In
creased cnsli demand, reports of army
worms tn Missouri ntid Illinois and appre
hension that receipts will soon show a
sharp falling off owing to exhaustion of
country supplies. Tho market ruled strong
throughout the session, closing at the
highest levels, llrmltirert' visible supply
of American corn decreased IS.noo bush
els compared with an Increase of 136,000
bushels last year.
The oita market was Influenced by
higher cnsli markets find the strength of
corn. Ulevntur Interests were fair buyers
of July, und aside from thin trading whs
featureless, trnrfilrref's visible decreased
MfiH.OOO bushels.
Chicago prices were:
Oiien- lllih- Low. Clos- Prer,
Wheat: It rit Inc. cloa
.tuly "i US "
September C'l fc'i li'I 5H Ki
Corn:
July "4 V H C1 eS
September KH CIS Vi C7U US
Oat at
July t 404 tH 40 MS
September 14 SS U US
New York wheat prices:
Open- Hlh- Iw. Clos- frer.
Inr, eat. eat, Inr. cln"
July C1 M- K tr.H
Meplember N
Other wheat markets were:
Open- Itlch- Iow- Ctoi- Prer,
Minneapolis: inr. n ei. inr cio
July ViH
September liS
Dulmhi
July MS
Sfplember )',.
Winniuer I
tos
KS
IIS
US
S4i MS M MS
IIS lS u
July s'.H V. Ki M
October US i'H US U
"S
US
Itecelpts and exports were:
Wheat, Corn Data
Rerelrta-Sew York M.M l.tM HW
Kapona New York..., l.iv to,e.'
lte,eipt-lnterlor ..,.,,.,421.000 l,4tA0 SM OM
Kxporta Clearsnos tt.vou ,000 li.m
Car lot wlitat arrivals at Northwestern
points wetet
Yealer Itit LaM
day. uetk. tear
Chlcio 171 t M
Minneapolis til i:: )J1
Duliilh 71 7 (I
Wlnnlper 4U lit Sl
TUsl Hm "t9 "m
Cash prices were: Wheat No. 1 North
ern at Minneapolis, 92c: No. 1 Northern
spring f, o. b., f 1.04 ; No, 2 red 05,0 . No.
2 hanl f. o. h.( to arrlvo, 11.05S; No. 1
Manitoba f. o. b.. SI OS. Corn Exnort.
804c; No. 2 yellow, SlUc; No 3 yellow,
prompt, 81c. Oats No. 5 white. 4"fr
I 474i.; No. 3 whtto, 4!ic: Btandard.
149sSf47e. Hye No. 2 Western, 7Jc.
nsrley Malting c I. f . r,itH2c. Klou-
Spring, patents. l4.45fMB.35; Spring
clears. $3.S5&4; Kansas straights, 14.23
? 14,43.
MISCELLANEOUS MARKETS.
Coffee Closes 3 to S t'olnts II letter
Provision Ntrnnsr.
The unexpscted strength of Havre and
Hamburg markets after their holiday en
couraged further buying of coffee by new
'ongs, ns well as the shor:s. and after a
session marked by firmness the Use closed
to a points higher.
Improved sentiment concerning Urnsll's
progress In wnrklng out Its monetary plans
and n fairly large decrease In the uorld's
vlsioia supply wero also factors that ex
ercised scmo Influence. An opening ad
vance of 7 to 11 poln's prompted a num
ber of recent buyers to take profits, but
ttiere were suftlclent buying orders to
prevent a sharp recession. Tho day's total
sales were f.d.000 bags.
The Havre market opened 1 fr, higher
and closed ?i fr. "higher. Hamburg star ed
unchanged to H pfg. higher and fin
ished '.-j to 1 pfg. higher. Itlo No.
7 was unchanred at 51873. At Santos
No. 4 was 50 rels higher at 61850. while
No. 7 there wnH also 50 rels higher at
53150. Itio nnd Santos receJnts for two
days were 18,000 bags, against 11.000
bags for two duya last year. Sio I'aulo
had 10,000, aga,lhi 6,000, nnd Jundlahy
had 8,000, agulnrt 6,000.
New York and New orle-ins warehouse
deliveries of Hrwlllon coffee on Monday
totalled 17.089 bogs against 18,648 bags
on the same day last week.
rrtcea were:
Onen- Illrh- Low. Clos
Bale. Inr. eat. ett, Inr
Jinusry ;
February-.. vn "S!
Msrcn a,vi v.w w
April... , f7
Mar......... 19.5M ,78 .7I 8.70 .70
Jun .... .... ... ....
July :.w ' v .vt i
Aurutt ....
seiliember,. a.ao .W .n
Octolxr J
Novemner, - ....
Derember.. 11.000 8.4 141
Provisions rinsed strong. Cash prices
were: PnrK Mess, isi mTri;mi; mm.
Ity. 24I25. Iteef Packet. 117.500
118: fninllv tlS.f.O'SllD. Lnrd Prime
Western. 110.20; refined Continent, $10.56;
South Amerlrsn, 110.96,
Chicago prices were:
Open- Illrh. Low. Ctoe- Prer
Pork! In?. en. est. Inr. cine.
Ii,y Jo W) . WOO M. 1 9
September... 11.12 1S.K lf.W 17 l'5
.hilyV. . M7 10 00 S7 7 111
Sen-amber... 10 02 !.17 10 01 10JJ .t7
July!" ... 1114 11 17 11.15 11.-1 inj
September. 11.23 11.37 11,23 11.12 11 17
Sugar Cuban receipts for tho week
were somewhat larger than expected, and
this appeared tn tnko the edge off the
raw sugar demand. Prices held flrmty,
however, nnd were unchanged from the
closing levuls of last week.
DAILY TREASURY STATEMENT.
WA9TIINGTON, June 1-Th stsloment ef
the reeelpta and pay warrants of lb Treasury
shows. Yesterday This menlh, Fltesl year
ftmipt l,0l,0 tl.o'MU 4l.M,pil
Psy warrants 3.1I1.2W 1.1H.281 MI.C71.B4
Delleit 11,102.114 ll.KI.22i) IM.S21.M4
rtecelpts from cutioms yeslerday. IHl.lOO!
from Internal revenue, ordinary, I1H.4T7; cor
porallon tsx, flOO.Ul. and mlteellsneoiii, II,
107,117, National bank nolea reeeireil for re
demption IS.mt,l. .,...
The rath atatrmrnt of United Slates Treas
urer for June 1 snovei
QKNKHAL FOND.
Hold coin rn.no.in
Oold cerlineatrs 13 217,744
Sliver dollrt If. ?",ltt
Silrer rtrllOiai-t IS III tn
I'nlted Slalrs nn'ea , t.T.i.V-
reHlfled rhrrkt on banks.,,,. WI,I3
National lisnk nnea 11,170,001
Silver bullion, tubildlary silver and
minor eoin 27 111 7M
Cath In Trciaiiry p.,lS5.3n:
In national lianka C3.CS2.C34
Available catli In Treasury and
lianka . , 2,54l,40
Deduct current llabilitfrs 13t.lT,&7
Free bnlsnra in Treasury end banks 11,117 (Ml
Other Treasury stta (net) sCll.H?
Net balance In renernl fund, 7I.10M54
MiSKKVU VVKV.
Oold coin and bullion tliO.OM.OOO
TllUST vvyn.
To redeem outstandlnr (nlflcales..l1,ll0,PH.M
Oraa4 1st si cash assets In Treasury l(M,ls,a)i
Exocutor
Chartored 1822
The ales, loan and Trust Company
Nos. 16, 18, 20 & 22 William Street
Branoli Office, 475 Fifth Avenue
New York.
LONDON, 1G Cockipnr St.,. W.t 20 Old Broad Street, & a
PARIS, 41 BotileTud Hgastrpanii BERLIN, 50 Unter den Linden, N. V. 7
Travolera' Letters of Credit, Foreign Exohange.
Administrator Guardian
ESTABLISHED IBM
fori), $acott Davto
ACT AS
CONSULTING ENGINEERS
CONSTRUCTING ENGINEERS AND
OPERATINQ MANAGERS OF PUDLIC UTILITIES
115 BROADWAY,
NEW ORLEANS
GOSSIP OF WALL STREET.
Breaking All Iteoord.
The selling of New Haven this week,
forcing the price down to a new low rec
ord, has been fairly heavy. As bearing
on the character of this Belling it Is In
teresting to note that the loaning rate on
the stock lost night waa 114 P cent,
unchanged from Monday and oumpaiitiK
with a ruling raU of 114 per cent. In
other words It la obvious that speculators
who sold "short" hsve hnd no difficulty
In borrowing the stock, which Indicates a
larger supply In the Street than has been
suspected. Naturally under these cir
cumstances predictions In speculative cir
cles are for much lower prlcos. Such
predictions have been made ever since
last fall. That they did not come true
is undoubtedly due to the fact that the
position on the short side became over
crowded. That danger Is also present
now. When the dividend was passed last
September It seemed certain that the
stock would Have n big fall. So obvious
lid this appear that short selling went
'nr ahead of liquidation and It took
lhsrp advance In the stock and many
months to clear the onesided market sit
uation up. Finally the unwieldy short
account became substantially eliminated
and the stuck wss again plnced In
vulnerable position. Tie procees mny be
repeated In the present Instance. In the
nd all depends on th amount of real
stock that will come to market
Unconverted noads.
There still rctniln unconverted about
Ml. 000,000 Hrooklyn lljpld Transit 4
per cent bonds convertible Into stock
par for par. That Is rather remarkable,
because the time left for the exchange Is
very short, the convertible privilege ex-,
plrlng on July 1 next. While It Is realised .
that there is ulwjys a disposition to de
lay uctlon In matters of this kind, and
tn.il mere w.u piou.iuiy oe an eirvemn
hour rush to exchange, officials of th
h .. ,ln nn. n 1 1 1 1 n ti tut eratu nri whv
.u , i , , (. i " . t -
such a large amount of the bonds remain.
This Is all the more extraoruinary, oe
causo the company has taken th pain
to advertise widely the expiration of the
cnvertlble privilege so that no bond
holder may lose the sdvantige that lies
In the exchange. These efforts on th
part of the company are unusual, Thers
"ave been many cases In ihe p si ulivte
'lolrters of eonvr-tlble I",!, Iiv lost
many points profit through unnecessary
Ignorance of their chances. That It Is to
the advantage of the bondholder to con
vert In the present case seems obvious.
The bonds and the slock are mlllng prac
Ically on even terms, eo tlt the liond--oUer
can sway Into the stock without
expense. In the place of n 4 per cent,
bond he gets a 6 per cent, stock w th n
comfortable margin behind the dividend
requlrfments. After July 1 tbe 4s will
bs a pla'n bond nnd th market rrlce
may express tho dlff rence.
The) Rata Inerrase.
Apart from the question of th propri
ety Wall Street did not take enthusUstl
ally to President Wilson's remarks on the
tubject of a rate Increase In which lie
seemed Inclined to treat the Increase as
an accomplished fsct. Just at present
the financial community Is In a mood to
he slightly pessimistic on this matter.
Recent developments have been accounted
ns rather unfavorable to expectations
rather than otherwise. The lengthening
delay In the coming of the decision to the
minds of most observers Is not a good
augury. Wills they obviously have nr.
hearing whatever on the question or
higher rates, It Is considered most unfortu
nate that the New Hiven revelations an1
the Cincinnati. Hnmllton and Dayton af
'nlr should hsve baen brought up at this
time. Finally, reports In the Isst few
days thst Commissioner Harlan Is pre
paring the decision have oreat'd a disa
greeable Impression. Th railroad people
all along huve M that the strongest
nppns'tlon to their contentions would ome
from Commissioner Harlan. The char
acter of his remarks In the report In the
"tap line" case are still freah to memory.
Wave ipeeulallTf Storks.
For th first Urns since they were
listed thsre are signs of a trading market
In th Montana Power lssus. or at least
In the common. The newest addition to
the list appeared last March. The com
mon, which has had a 4 point rango slnos
then, eoUl yesterday at practically the high
mark. The preferrod has had a point
-an and Ifl also tit Its highest level
Market gossip I already beginning to con
tain frequent references to the spoctlla.
live possibilities of tha new public utility
stocks.
CITY BANK 0ET8J. H. PERKINS.
Albany Mass EUcts si Vice-President
Many Promotion.
Th directors of the National City Bank
yesterday lectd two naw vtct.presldents,
making ten In all. The new oltlcers are
Arthur Kavanagli, cashier of the bank,
ind James II. Perkins, president of th
National Commercial Bank at Albany.
O. U. C-regory, assistant esshler, was
elected cashier and J, N. Carter, chief
clerk, wss elected an assistant cashier.
Mr. Kavanagh has been asaoclatsd with
the National City flank since 1873 snd
lias been longer In the aervlc of the bank
hn any oth-. official there. He came to
the bank as n boy forty-two years ago,
In 1809 he whs made an assistant cashier,
becoming cashier In t908.
James II. Perkins, th other new vice
president, was graduated from Harvard In
1897. He was captain of the regatta
crew at that tlm. Directors of the bank
unlit veaterdav that Mr. Perkins was
elected a vice-president by reason of his
extensive knowledge of up-State and New
Hngland affairs. He will taka up his new
duties within few day
J. T- Talbert, ons of th vice-presidents,
who hon' been 111 for a long time. Is said
to b- recovering Blowly but ettsdlljr and la
nowfVbl to a out of door
Trustoa
NEW YORK
SAN FRANCISCO
THE BOSTON MARKET.
Boston, June 2. Trading here con
tinued quiet with a generally castor tone.
New Haven declined 2 to (.VS., and llos
lon and Malnu lost l'i to 32. Uoston
and Lowell, on light trading, weakened
a point to 1S4. Among the coppers Calu
met and Arizona lost IHi to 65 A sale
of Qulncy was recorded at 61, off li;,
Utah Copper, on light transactions, weak
ened a point to CSi. (Jranby, Orecne
Cananea and United Htatee flmelflng pre
ferred each lost fractionally
In the Industrials American flugar re
ceded a point to 107 ; American Pneuma.lc
second preferred lost ?J to 194. Ameri
can Telegraph and United Fruit each
gained fractionally. The summary:
I)OM3.
Open- Illrh- Low- Clot
Sales. Inr ett. en. Inr.
."') Am T it T cot 4 totfc ' I'J't mt
!W Am T a T cv I'll W, M'i VJ'I 00U
lf-v) At O A W I It. K U 1.1 45
aw Western T T It, MS i vl4 l"4
MIKCKLLANEOUR.
10 A A Chem. tUt UK M US
11 A A Chem H II till WA
I0.J Am I'neu id pf.... III. 114. ls'I 1V
lU Am Ha l it 104 101 101 101
U Am Surar pf IIIH 1I1H Xl'.'i 11JV
101 Am Tel k Tel... ,ir."i IK I12' 111.
11 Am Woolen if 14 II 14 II
44 Amoikess- HV, lts t"i ln
II AinoiLr.is pf 104 100 100 100
a All O A w 1 S S pi H14 I4U 14V. 14VI
1 Kill ton Rlec UI til It: lil
I 7en Clee HtVt Ul 147 111
It Mm flat Co II II M 14
11 Matt Gat Cot nf.. VI W 10 V)
13 N Em T A T....1M 114 114 lit
10 Kent II Hole 1H 1M4 HVi llVi
70 Hwlft Co 101 101 in', IMS
It Pullman IM ns 1U tu
100 Torrlnrion 13 It z it
ill Torrlnnon pf li, :iw isw iu,
411 ("nlted Fruit K9'i H ll US'-
44i I'n Shoe Marii...,. tl, I', ITV, tT,
10 Un Shoe Math pf.. tn, sn am U
MOO U B Steel CO', tots 63!, (0
MINING STOCKS.
Ill Alatk Cold 17i 174 r.H MH
104 Amalraniaied 71W 114 07 71
4'1 Uutle-llalak i. :C :i
11 Uatle A sup i, MS 1, liu
471 Cat A Anions M eL j ' m
1 Cal 4 llevla 411 411 110 410
CJjlno 4IVk 4tV 4l"i 41U
CUR 1 l is l l yu I 1-14
111 Cotr Itanje is u uk.
tv Kaat nmte 10 10 JOS 10S
It Franklin ,- ,ij m ttl
tMOranby ... S1V, IUs it lit,
ta nrrene Can Co n Zi u 11
10 Hancock 1:4 114
10 I Creek Coal i lt"4 is 41
t I Creak Cn.-U pf.... si tl II 11
10 Isle Itojrslo 3J4 :u4 :oi, :vi,
o nrwcenaw av, sv. l;
1C take
4 Ct, f.4
10 t.a M.lllr
4V l'i
lO.Maton Valley
4)laaa
loo M:iyrloer
10lofiak
:s i s. iv
(4 14 . r. t
4's 4 44 44
4t 44 44 41
ut: uk 1,1-
60 Nuvada Cons.
lo New Aresllan...... 6J 5J 114 t1.
U Nlnl.tlnr tl 14 i; t'l
,,ul t.UKV. 0 SO,,
I Old Colony 4U 44 4'i lU
10 Old Dominion 44 4S 41 41
1 0 rols 71 it i ji
11 Pond Creek Coal... 11 is n; n.
l Qulncr 67 61 ta U
6 liny Cons ll' 114 114 114
li Shaltuck.Arll v 14 Ji'i its
t Superior 114 Mt, nv,
tt Ttmaraik K It IS it
U Trlnllr 14 34 34 tt,
111 tl .s SmIHnr 111; us it S4
K I) 3 Smaltlnf p(.... 4tS IS -'4 4.14
KO t'tali-Anes is t, jij ii
40 I'lah Cons 104 luu 104 104
II I'lah Copper MS MS MS MS
too wmons 1 1 j i
5 Wyandot ........... ,10 ,J0 ,w .11
19 Crauby s 10 d n I II 11 11 it
HAIUtOAI) STOCKS.
S notion A Albany. ..1774 1!7', 1774 1774
Kl Ilo.ion Elevated.... 114 S3 114 u
40 notion A Lowell, 1M I'4 U, IM
111 notion A Main,... 33 34 3:V 13 S
lOChl Jnn pf 1004 1064 101 106
10 Kltchtiurr pf I0'4 104 10 so
10 Oa liy k Kl pf r, iS HI S
isrrf New Haven tcv ti 1:4 us
10 Old Colony IIS Ml J 10
10 Wetl End 41 tl tl ff
CURB 8TOCK8, CLOSINO PRICKS.
. Hid. Asked.
Ray Slat (la , 11 ,11
lloVmla , , 1U 14
notion Ely , 14 .
Calavrraa 1 6-14 IS
Chief Cons ,w .t
Cont Arizona 41 ,44
Dill, D.1I7 ;o ,75
Flrtl Nailonal 1 14
Ooldflrld Com ts 14
La Ilote Cons , 1 7-14 14
Malettlc It .It
Mealrin Melsla ti ,Zi
Nevada tlniistas I l-U 14
New Baltic IS IS
Ohio S5 ,SI
One, o It ,M
Haven tl .11
South Lake IS 4
Un Verda Hitens.0.1 ,41 V)
THE CHICAGO MARKET.
Ciiioaoo, Juno Price movements con
tinue to reflect nn Indifferent condition.
Swift tt Co. and Chicago Hallway seconds
inaliv.alnlng a steady tone, while moderate
declltivs were recorded In Union Carbldo
and Hears. There was no special change
In tho bond department The summary 1
Open- Illrh- Low- Clot
Silss. Inr, ett, est, ln".
is Am ftsdlator rf.--.Hf 111 lit II)
16 Chi Ity strlts 1..,. H VI 14 14
410 Chi lly aeries !.... J(S 14S 344 144
10 Diamond Malrh.,., t44 K4 H M4
10 Mont Ward pf Ill HI 111 III
40 Peonies Clu HIS 171 '4 1114 IHU
M Quaker Oaia tW 114 ZV HO
Ml rVars-Itoehuik ,.lb4 IB 14 111
120 Swill It Co 107 107 1044 107
40 Union Carbide. lit US Ut 1U
nONDS.
I10O0 Chi Cas Is 1034 10JH loss IMS
toooo Ohl Rr Us 74 114 it inj
1004 Chi Kl Ity U t4 04 094 194
1'iflO Com Kdlton ts 1014 1014 1011, lot!,
ooo City Hy tt 10" loo joo 100
. FINANCIAL NOTES.
nadmond A Co.. have Issued a elrcular
and chart thonlnr the changes In price tt
ilandard railroad bonds from l0l to 1114
The Raslrrn l'owr and l.lsht Cornoralen
hit declared the rtiular quarttrly dividend
tl 14 per cant, on tha nr. (erred atnrk
payable on June 15 to tha holders of record
llay 19
A ayndlcate composed of Ithoade A C.
of Nrw York, Itiyden, Miller C. of
Cleveland and Merrill. Oldham Co of
llotton waa tha lilrli hlddtr for three
ots of the 4 4 per i-nl rltr of Cltveland
bond bought on a 4 114 batla.
Jnhnaon A Wood, memtirra of the Block
Hchnnrt, have moved thrlr nfOces from
II Wall street to th Trinity Building. 111
ltroadway
Etttrbrook It Co. were awarded the f SO.
000 Utu of tiuffnlk counly l,n,1s sold at
ntverhead, U 1.. by County Treaaurar Flla.
Their bid waa 101411, premium of 1411
oi.r cir vstu:. The !nla kar Intaraal at
44 er csat
TO THE HOLDERS OF
Three-Year Five Per Cent. Secured Gold Notes, Due June 1, 1914,
OF
The Missouri Pacific Railway Company
Extension Agreement Declared Definitive and Time to
Deposit Extended.
The Missouri Pacific Railway Company has declared the Extension Agree
ment definitive.
Holders of receipts should present the same to the Depositary for
payment of the instalment of interest due this date on said notes. Each
holder of receipt should accompany the same by the certificate of ownership re
quired by the Internal Revenue Department under the Federal Income Tax Law
in connection with such interest payment.
Coupon sheets are now in the course of preparation. Holders of receipts,
upon surrender thereof to the Depositary, will be entitled to receive notes of the
face amount mentioned in the receipts, extended as in the Extension Agreement
provided, with the additional coupons for interest annexed. Announcement .will
be made when such extended notes and coupon sheets are ready for delivery.
THE TIME FOR FURTHER DEPOSITS HAS BEEN EXTENDED TO
AND INCLUDING JUNE 5, 1914.
Messrs, Speyer & Co. and the Jay Gould Estate have agreed to purchase
any notes not deposited under the Extension Agreement and thereupon to de
posit the same for extension. Noteholders not desiring to avail of the benefit
of the Extension Agreement and the additional interest and security
therein provided should present their notes to Messrs, Speyer & Co.,
24-26 Pine Street.
THE MISSOURI PACIFIC RAILWAY COMPANY.
By A. H. CALEF, Secretary.
Dated June 1, 1914.
THE PHILADELPHIA MARKET.
PiiiLADtariMA, June 2. The marke:
was again narrow. Truo'.Ion stocks were
heavy. The shading In these stocks wua
un a very limited amount of dealings and
was Influenced ufidoubtedly by the nctlon
of Union Traction direolors yesterday In
refusing to enaction the proposed rapid
transit agreement. Tho weukma In trac
tion Issues aflccted trading In the re
mainder of tho list.
There wus a light demand for United
Clas and Philadelphia Uluctrla Arbitrage
trading waa a little heavier to-day. Thv
summary:
Open- Illrh- Low Clos
Sales. Inf. eti, etl, Ins
10 Am Ice,.... 114 114 114 114
31 Am lt)t pf lOli, MS 1014 lu.S
10 Lehlfh Valley 6K 60S til 31i
100 N J Trie 74 74 74 71
M New liavan II M W 4
t: Am Hit 114 4 I' '
Hi Cambria Steel 41 4 4t ;
IX Eleo Sior Hat 3 tl IIS US
ti Gen Asphalt pf 74 7t4 71
10 Lake Superior H 1 ,
12 Lelilrh Nav 74 7V 7jVi .14
It Lalush Nav t t 714 It ;4
W Mo I'adfic 1S 14 4 14
ta Pennsylvania UTk KT. !
140 I'rula Co 44 404 It to
b I'lilla Co cum pj... t-'i -'
II l'hlia Elee S "S K4 K4
It 1' u t
tw I'HTI a
17 Phtla Trao ,
1W Tonopah i
iti Ton-belmont ...
1031 lltaillnr
IM Union Trac
II It li1. Ui,
.... 114 " "
... 114 tl4 114 114
tl. t't tS tU
.... 74 74 7 1-lt 14
.... 12', 124 11 tl
... W'i V4 4i 4S
.... 114. II U 4 SI4
71 II II I . .
t' S Slrel M'. tl M W
lo vorii ids
UONU3.
IUM n O A E tt st It M M
nog EAT I II II tl II
) Interstate It M' t4 t,4 W'i
:w Keys.one ts ll'I tl'I li MS
liooo I. V I4s to.) W'i W4 v4 to t
6-M0 l'hlia Co ran It SIU t!4 tl't "4
t'.SJ l'hlia KlK f 10.''i l'K4 1014 IW4
UW Itcvlinf tr m t 95 M )
U-jOO 11 II I lol Is 75 714 114
.KM) llarwood tt 1014 l"4 1014 1034
S40W) L N con 44 I c. t4 MS S MS
j0 L V reu la tl tl 11 01
lc0 N J Trao im IM IM 101 101
WW Span-Am Iron U...1004 W'4 H"4 1004
PUBLIC UTILITIES.
Th recently organised Delta Light and
Traction Company hat acquired tha (Irean
villa tMlas ) Uttctrlc l.lsht and Htreet 1411
way Company, th Itlv.rald TrantniUtlou
Company, th Luk Village (Ark.) Llsht and
Power company and the Chicot (Ark i Ught
and Power Company, Tha Oreanvllle cum
pany owna a tlraet railway and power plant
and th transmission compnny larrlt, this
power to varloua planta In MlaHlaslppI and
Arkansas The latter two rompanlte do a
lighting and power huslneea. Ksttnalnna
and Iniprovamtnta will b mailt to th planta
at one.
The Maryland Hlectrlo Hallways Company,
a aubtldlary of the United Itullwaya and
Klectrlc Company of liultlinore, has applied
to the Maryland I'ublle Service CommlKlon
tor permission to sell 1 1 19. 000 of Its t per
rent, bonrta. Th proetsda will b uted
for th purehate of naw cara, htaltrt
and a rotary convener,
Th Midland Counllra I'uhllo Ptrvloa Cor
poration has raqutittd authority from the
Caltlornla Itallroad Commlttlon to tall
litO.OOO of lie preferred stock. Of tha pro
rttda of tha ntw stork 1410.000 Is to be
used for liquidating tha floating dshl and
i:i",C:7 for additions and battarmsnts.
Th United Htattt Census lluraau h
rtrtntly publlahsd aomt atatltilea ahowlns
the ralattvt growth of munloln.il and private
planta durlns tha ten yaara 1S01 to ltll, re
gardtni which William P Ilonbrisht X Co
comment aa follows In thalr forlulihllt re
view! "It would st.m from tha atutlttlra
thst municipal plants have grown more
rapidly then private planta. Thla conclu
alun, however, Is not Justlflsd for th reason
that every private company l.at Ueon con
sidered aa a unit, even though actually
a consolidation of many srparate plants and
that owing to tha many recent uoniulldstlnns
tha llgurta do not truly Indicate th In
creaae In number of private planta The
real growth of th power and lighting
buslnasa nhould bt measured not by the
number of stations bul by total output,
capacity and Inrnm Judged by any one
of these standards municipal plants at th
pressnt time are doing a smaller proportion
of th total electrto power and lighting
buidntss than In 1901 and a still smaller
proportion than In 101."
DIVIDEND DECLARATIONS,
Company and Term.
Atrhlton, Topaka and
Hants re Hallway,
teml.annual.,
Eastern Power and Light
Corporation, quarterly
Western Klectrlc, quar
terly Pocaaset Manufacturing.
Loot Wiles lilac utt,
quartsrly ,
Loose Wilts Ulscult,
quarterly
Philadelphia Co., quar
tsrly Philadelphia Co., asm!
annual,
Pennsylvania Water and
Power, quarterly
Twin City Itapld Transit,
quarterly
Twin City llapld Tranalt,
quarterly,.
Continental I'aassngsr
Hallway, atml-annusl,
El I'aao Kltulrlo, aaml
annual ,
tluftalo Utneral ICIeetrlo,
quarterly
Union Traction, stinl
annus! lannton Monotype, quar
terly Thompson. Starrest, semi
annual ,. '.,,.
eta. Amt. Payable.
pfd
pfd
14 Aug, tt
14 June It
1 June 10
1 Jun 1
July 1
IK Aug. 1
IM Aug. 1
14 dept. 1
1 July 1
IK July 1
14 July 1
t Jun It
tl July II
3 July 1
14 Jun It
A July 1
pfd
pfd
pfd
com
5l
WINDSTORM Mf9,427'
VSIKD 90 HUES AN HOUR
DURATION 2 HOURS
TEMPiRATURE - - 91 TO 67
RAiNFALL .1 1. INCHcS
Uuolallim from K. V. Hrni.
"Our nfllcr u Indnwt were open durlnv mtlre
tlnrm .No rain tun red, uu papers tliaitn bed
'I en-peralure dropped 'if. Ut use VatiZlle
Air Iiellectnra '
The Van .lie Method will produce same re
aulia fur lour oflue.
VAN ZILE VENTILATINQ CORP.
5u CnrtUndt tit. I'hone (us; i'ort.
M. Joseph Lead Company His Ter Cent.
Hold Notes.
Hanker Trust Company, Trusts under
Trust Agreement duiaj January 1. 1114,
securing th Sis I'sr Csnt. Onld Notes of St,
Joseph I.sad Company, will on July 1,
1111. with th sum of IISO.000. to be paid to
It on that data, and not othsiwlse, purehas
for lha alnklng fund notss Itued under said
agreement to an amount sufficient aa nsarly
aa may ba to eihautt aaid aum. and It hereby
Invitee sealed otters to ba submitted to It at
or before 1:00 o'clock I'. It. June SC. 114,
nt lis office. It Wall Street. Manhattan. New
York City, for 111 aale tn II of auch notet
at prices to be namsd In such offers, which
offers shall be for all nr any part of the
notes so offered, provided, however, that no
oner will he accepted which shall be for
a sum In escets of One hundred and one per
centum (101) of th principal amount of
i audi notes, and arcrued Interest. Notices
i of provisional acceptance of often will b
inaiieu June is, isit, in in maaere ot aucn
thereof t. are en pro Islonnlly accepted, at
the addresses designated by thm respec
tively, Uellvery of notes accepted, with
coupons maturing July 1. toll, and auh.
senuently attached, should be made at the
office or the Trustee at or I, -fore 1:00
o'clock 1' M, July l. 1114, after which dale
tnterett nn ncr-plert notes will cc.se,
IIAMCKItH Ttlt'OT t'OMI'ANV. Trustee).
Ily II P Wilson. Jr..
Assistant Bseratary, ,
Dated. May 27. Mil,
tlorllnaion Mls.nuri River ltallrod Com
pany In Nebraska.
Consolidated Morlruse filt Per Cent. Honda
due July I, I0IS.
Psaled proposals sddressed to ths under,
signed at Us office, lit Devonshire Street,
and rndnrseil "I'rnpntale tn sell Ilurllngtun
A Mlmourl rtlver It. It. Co. In Nfb. tr.
bonds." will ba received until noon of Mon
day. June tt, I'M I for lha aale of above
named bonds to the Trustee, to absorb the
urn of three hundred and tweniy-ntne thou
sand I wo hundred and seventy-eli dollars
snd twenty-seven rents I ll39.37a.2Tl, or any
pari thereof. n accordance with th morl
gsg dated Jniv 7
The New England Trust Company,
nyJAlinftll. ltOOI'BH, President. Trustee.
13'iston. linn.. Jus 1, 1011,
Kepiildlean Valley Kallrswd Company,
his Per Cent. Hoods due July I, 11)10.
flealed proposals addressed to tha under
signed at Its nirlcs. Ill Devonshire ftrert.
and endorsed "Proposals tn sell Hspubllrsn
Valley It, It Co. t',1 bonds" will be received
until noon of Friday. June 11, 1111, for the
sale of nhnv named bonds to the Trustee,
lo abtorb the aum of Korty-sla thousand
four hundred and forty-nln dollars and
ninety-five cents (144, 4(9. Ot), or any part
thereof, tn arenrdanc with th mortgage
dated July I, III.
The New England Trust Company,
nr JAMKSIl. HOnPRR. I'realdent. Trustee,
Most ,n. Miss Jun. 1 1114
MANHATTAN TRANSIT REVOLT.
stockholder' romniltls Will Try
to Prerent rones Deal,
The stockholders' protective committee
of the Manhattan Transit Comounv h.ia
begun peeparstlons to prevent the carrying I
out or tne transaction ny which it is pro
posod to transfer tho control of the Long
Arte Klectrlo Power Company to tho
Inter-City Power Company
A rail for a meeting of the stockholders
of tho Manhattan Transit Company has
been Issued for June Is nt noon nt 30 Past
forty-second street by 1-Mward I II earn,
chalrmnn of the committee, who alleges
that the annual election of directors was
not held on the day designated by the by.
laws nnd that the directors have not
thereafter within one month called a
meeting of the members of the corpora
tion. litre) Htoclc Market.
TUESDAY, Jun t.
Rtrtlpts of beeves were Lit! head, all
for alaughterera. with the eaeeptlon of one
ear: no trade nf Importance In live catties
feeling rated st-adv with mod. rats receipts
asperled for Wednesday's trade! dressed
beef in moderate demand at UffHc. for
ordinary to choice city dreaaed nstlv sides
llsrelpta of calves were 100 head for th
market Prices were eteady. quality con
sidered. Common lo good Southern veala
anld at 8HrllS.t0 per 100 lbe.s mlsed calve,
at 9j cull veals and throwniita at I7WI7.IO,
Dressed calves active and higher at HOUo.
per lb for rlv dressed veala; Utfll4c.
for country dressed.
Hecelpta nf sheep and tamba war t It
head. Including twenty-one cars for th
mnrket. nnd a few were held over yealer.
day Hheep ruled dull at steady prices!
Kauthern lambs were In quit llbsral sup
ply, but good to clinics wanted and sttady!
medium and common grade were rated ess.
ler, but about all the offerings. Including
'ate arrivals, were cleaned up. Houthern
lambs sold at 9,!t4rl0lt par 100 lbs., com
mon to rood sheep (ewes) at Until rulls
at lltOfrlltO. yearlings at M BO; a few
unshorn (winter lambs) nt 11,10. Drssssd
mutton unchanged at 8 111 p., with choice
wethers exceeding quotations: dressed lumbe
In falrlv vood demand ut 16(fllo,j dressed
yearllrrs at tltjltc,
Iterelpla nf li,,. were S 413 head, all for
slaughter with the exception of a few haadi
market steady, und good medium weight
Virginia hois aotd at 11.11 per 100 lbs,
National Car IV heel Company Mil ret
Ceuttim Flret Mortgage Twenty-Yer
Untd Itondi.
Bankers Tru.t Company, as Trusts under
the first Mortsuge of National Car Wheel
Company, lu Hankers Trust Company, aa
Trustee, dated rjeptemher 11, 1101. hereby
Inwtea proposals lor the sals to It, at nt
eaceedlnc 110 ot the pir value of said
bonds, of suib number uf said bonds
will ethanst i, nearly aa may be the au n
of 1105,000 now htld by It under the sinking
fund provisions of such morlgags. Proposal,
mutt ha dalivarsd to ths T,utet at Its
ortlce. It Wall Street, N. w Turk City. !
1 00 P. M Jun It, 1911, and each proposal
should slate the date (not Inter than fep.
tember 1, 1S14), when th bonds Included
therein will ba prtaented for purchase,
should such proposal be accepted. Fhould
no date b so slated, the Trustee will as
sume bonds are offered for delivery by liOt
I. U. on June 11, 1114, and If aceaplad.
will be deliverable to th Trust on such
dat.
In the evnt of two or more proposals
bslng nf equal amount and the lowest of
the others recslved, such proposals will b
accepted In pro rata proportions, provided
that no purchase will be nude at a rat
exceeding 110 of the par value of said
bonds und that the Trustee reserves the
right to reject any and all proposals In whole
or In part If It ran at ths time of opening
said proposals purchase the requisite amount
of satd bonds, or any part thereof, at a
lower price than the lowest price offered y
said prono.als.
DANKEHS TRUST COMPANY. TrrwtM,
lly ,11. 1' WII.HON, J..
Assistant tiscretary,
May 17, lilt.
TO TIIK IIOI.DKItH OF FIRHT MflRTfl AriK
NINKIMi Ft'Ml 5a JO.VEAIt lllll. 11
IIOSIH IIP Till." II HI. UN A l.ltlllT X
RAILWAY COMPANY, U.urd under th
mortgage lo Knickerbocker Trust f'nm-
ranv, a Truster, dated rtcplrniber S0h,
tin.!.
The underslrned, successor .trustee under
th above mentioned mortgage, has on de
posit to the credit of the Hlnklns Fund lbs
um of hllghteen Thousand Una Hundred
Uljhty-one Dollars and One Cent I lls.Ul.oi I
applicable to the purchase of bonds of said
Issue on September let. U14
Healed proposals in ssll said bonda ar
hereby called for and bonda accepted will
b purchased at the nitlce of th under
signed Trust Department, upon presentation
thereof on Heptember tal, till. In accord
ance with the terms of the said mortgage.
Th trusts reserves the right to reject any
or all proposals In whole or In part.
Offers may he sent In Hie oillre of th
undersigned, to llrn.nl wny. New York City,
on or before July Ird, 1911, at ll;0O o'clock
noon
COLUMllIA-KNICKKlinOCKBH TRUST
COMPANY. Hueeetsnr Trusts..
Tly Oi;oil(li: i: WAHHK.N. Trust Officer.
Dated, Jun 2nd, 1114.
TO TUB Itni.DUItM OK
Tin: riTTMiuiuiii company
Pint -Mortgage und Collateral Trust llontts
DATUI) JULY L lttli.
Notice Is hereby given, as pruvldsd In th
Mortgage, dated July 1. UM, made by Th
Pittsburgh Company lo (iuaranty Trust
Company nf New York as Trustee, that
bonds bearing the follnwlnir serial numbers
have been drawn for the rllnklnc Fund and
will he paid nt par and accrued Interest on
and after July I, 1114. at the TltL'hT lK
I'ART.MKNT of tho (iuarnnty Trust Com
pany of New York, 140 Hroadway, Now York
City, aftsr which date Intereat nn aitd bonds
will ceases llnnds numbered 111, 01. 71. tt
and lit. The bonds should be presented
with coupon due J ill v In attached
Til 15 l'lTIHIlUIKlll COMPANY,
Hy BAML'P.I. A ItOllLOKN, President.
Dated, Kllwood City. Pa.. May tlth, lilt.
KI.KCTinS'rl AND MKKT1M1H.
To Hi Kloekholrier and Member f
Manhattan Transit Company
Notice Is hereby given that th meeting
for th election of Director nf the corpora
tion. Manhattan Transit Company, not hav
ing been held nn the day designated In the
by-laws, and the dlrtctors not lnvlnr within
one month thereafter called a meeting ot
th members of lha corporation for the pur-
?os of electing directors, I, IMward L,
Isarn, a stothhnldsr and member of th
corporation, Manhaitun Transit Company,
pursuant 10 statute In auch case made anil
provided, hereby call u meeting of the stock
holders and members of said corporation for
the purpose of electing dlreotora thereof,
which meeting will b held at the oillre of
said corporation, al Nn, 10 East 12nd Htrssu
Ituoni U04, In the Ilorouth of Manhattan,
City of New York, on the llth day nf June.
1114, at twelve o'clock noon of esld day,
Dated, New York. June 1st. 10t4
. , HDWAHD L IIKAHN.
Stockholder and member of said corporation,
Manhattan Transit Company
DIY1DRNDS AND INTRRF-ST.
PHILADELPHIA COMPANY
1IIVIDKMI No. lill
Pittsburgh, Pa., June lit, 1114.
The Directors have this day declared a
quarterly dividend of ,
ONK AND TIIRKi:rOl'RT!IS lF.R CKNT
oit th" Common Btoak, payable August 1st.
tnu, to htoc'klioldcts or record July 1st, lull
Cbrcjiitm will be mailed.
O J.IIUAIJ.N', Jit.. Treasurer.
Detroit & Mackinac Railway Co.
40 Wall Ntrset. N", Y City. Muy 11, 1114.
A dividend of Two and One. Half Per Cent.
(14) on th Preferred Hlck and a dividend
ot Two and One-Half Per Cent. t:'sl on
th Common rltock of this Company hav
thl day been declared, payubla July 1st,
lull, in stockholders of record at the clot
of business on June II. 1111 The stock
transfer books of the Company will rl.4
June llth, 1114, and reopen July Ind, 1114.
C. 11 COLEHHOOK, Treasurer
TIIK DICLAWA1IK 4t HUDSON COMPANY.
New York. May It. 1114
A quarterly dividend of TWO AND ONJl.
QIJAHTEH CUV.) PLIt CENT on tha rapt
tal stock of Hits Company will bo paid ut
tha otllce of th Company, 32 Nassau Htreet,
In this city, on and alter Haturday June ID.
1114, in Htorkholdera of record at clot of
bualneie to. day,
IJy order or th lloird of Minuter..
CHARLES A, WALK lilt- Traturr.