Newspaper Page Text
THE SUN, THURSDAY, 'AUGUST 18,
I i I
i ,S ,tr
I. ' s Jt -
i M i '
1 ' ' .
60 WALL STREET
tel. noso HANovr.n
Henry Clews & Co.
11 1J 1 17 AND 19 HltOAD ST.
MKMIICIIH N. V. STOCK EXCIIANOK
Hocks iinil Morula bought anil oll tor In
Vf Mom, also carried on liberal terms.
)epnlt Act mint received subject to check
t sight i i" est paid onM.iily balant.a.
LETTERS OF CREDIT
Imu 1 fivalUltl the orld over.
Bonds for Investment
Harris, Forbes & Co
Fine Street, Com.r WHHam
William P. Bonbright &Co.
14 Wall Street, New York
tcilllsm P. Itnnbrtght A Co
ftonhrlght A Co.
115 Devonshire St., 17 Wall St.
Iln.lon. Nan York.
BARING BROS. & CO., LTD., London
TIME-TESTED BONDS POR
New York Leipzig
GIRARD TRDST CO.
Capita! and Surplus, $10,000,000
E. B. MOHIUS. Preslient
W. N. ELY, iTfce-Preildent
A. A. JACKSON. Vice-President
C. J. HHOADS. Vtre-Prci, A Treai.
P.. S. PAOK. Secretary.
-( iiAim:iti:n ihiii.
Union Trust Co. of New York
Pltth We A 3th St rilth Ai e. A 80th St.
Capital Surplus. $8 300,000
Allow Interest on Deposit,.
INTEREST CREDITED MONTHLY
ftali on account! subject
n check. Sivdal rales on
lime certirjcMrsnt deposit.
I nltril State,
Mortgage A lrui Company.
IFwayaUSd St 63 Cedar St. l?Sth St. A-3th Ar.
THE STEEL MARKET.
.llr.Tinfnctiircr I'xpert That Prices
Will lie Advnnced Shortly.
While steel manufacturers are ngreed
that the European war will remit event
ually In a i-hnrp Increase In the price of
nil finished steel products they admit that
they art- lalioring under contdderablo em
barrassment Just now because o tho Im
possibility of forwarding (roods abro.nl.
Prices, however, have been advanced
sharply of late and It Is the opinion of I
leading Interims that further advances
are in order.
The fcrromanganese eltuatlon Is seri
ous Leading companies havo sufficient
Kupply to satisfy requirements for sev
eral months, particularly the Steel Cor
lioration, but tho smaller concerns nre In
danger of being compelled to close. Simi
lar condition exist In tho block tin mar
ket. Wire prodtictH are expected to be
iwlvanced In price lOiortly.
Tho roii An" s.iys : "The steel trade
1e moving cautiously In a situation full of
uncertainties. Tho ultimate benefits war
will bring to our manufacturers are pro
ducing one set of predictions and prompt
ing one kind of business policy, uch as
ihe putting up of prices of steel products.
on tho other hand are unfavorable effects
which figure In tho Immediate situation
-the stopping or export, the laying off
of thousands of men In Industries de
pendent In part on the export trade, tho
halting of a number of undertakings, the
tightening of money and tho Increase of
conservatism in railroad buying.
"There Is little evidence that buyers 1
fire concerned about building up stocks.
The whole consuming trade specified quite
liberally In Julv and there has been light
buying at the new prices. i
Mill operations have been cut down
.f l,? , "tT "I,,"'? '""ttlng
It r .T.he"?n,0W,n,J
plant of the American feteel and Wire
r. " '. : " x..." lr'".. .r.". .
"In tho Chicago district the conserva
tive altitude of tho railroads has become
inoio pronounced There Is disappoint
ment over the withdrawal of Inquiry for
cars by the Southern I'adllo and L'nlon
J'aclflc. A trolley lino has Indefinitely
postponed the buying of 2,000 tons of
rails which havo been before the rail ',""mes. 1 ne ruungs are not designed
mills for some time. las some supposed to promote trading,
"The scramble for fcrromanganese has ! "t the contrary. Their object Is to pre-s-hown
that tho merchant supply wns 1 vt n" far ns possible the formation of
limited to a fow hundred tons. A sale
of 200 tons of F.ngllnli product was made
nt $100, as against $38 beforo tho war,
mid a hundred Ion lot was sold at $120,
J-'or small lots fiUo to tie 11 pound Is
unereu. in 1 cist me one mcrcnant
irodiicer of ttplcj-elelsen has made con-
emerai'iu euit-n ui .- mi in to 1 ;i per
rent, manganmo metal and J3D for ID to
ri per cent., as against $23 two weeks
ngo. A further advance Is probable. Sov
oral steel companies bvo been rather
ager buyers of uplegel, which will be
used to eke out their fcrromanganese
"All pig iron markets are flat, with In
dication that foundry operations have
leen curtailed nt some machinery centres.
"Our Hngllsh cable tells of advancing
jrlcns In all Iron and steel products, liars,
dates and shapes ill 0 up about 5 a ton,
rails $1.50, tin pl ilcs 25 cents .1 bo and
I'levelaml and hematite pig Iron 2 shil
lings and .1 shillings respectively."
THE SUGAR MARKET.
Sugar prlcei reached higher levels ye.
Csrday. Ran a for September delivery
ivero quoted at A cents, with the spot
quotation at ii 02 centn.
Refiners marked their prices up one
half cent further wil'i Ihe eneptlon of
the Amcrlcnii and Unwell, who are quol.
Irg 6 EOc on limited quuntitloi, Unwell
practrallj out of the market. Sales
of 2" 000 bags of raw- ero made at 5
Cents for September hhipment.
Steps Tnkcn Hero to Llbernllzc
Nntlonnl flank flescrve
WT..T, KKITEASE SOME GOLD
Purposo Ts to Ennblo Conn try
to Set Ho Its Debt Account
All the, Indication pointed yesterday
to the probable success of flnanclnl efforts
Mere, and abroad to establish In tho near
future, a basla for the, resumption of op.
orations In the International money mar
ltt. At1vlca from abroad sugfrested that.
In continuation of tho policy which tho
Hank of Cnglaiirt has Iwjpin to ouUIno,
other developments were, to b expected
which would fncllltatn tho relief of tho
foreign exchnnKe market from Its atate.
of paralysis. Hero them was every sign
that bantiliiK and business Interests lind
realized the opportunity presented by the
Il,ink of KnKlaud's plan for tho accumu
lation of a Kold reserve at Ottawa and
wero proparlnif to cooperate In tho en
deavor to revive tho credit processes by
which modern biulnesM 1m done, and ai
tho first requlelto were contriving a way
to release some uld for transfer to
There was a striking coincidence In tho
announeement from the llrltlsh Consul
Oeneral's oftlce that the wetern Atlantic
Ocean was safe for shipping a.s far south
I na Trlnld.d, This of course was ro
I gsrded as a sign that the embargo on
shipping was beginning to be lifted. Ac
cordingly the events of the day might be
eM to have had om promise of a par
tial solution of the problems of pressing1
Importance, how to move goods and com
modities In International trade and how
to finance the movement
There was overnight a. good deal of
change of attitude on the part of the
banking community toward the Dank of
England's departure in planning to
gather a reserve in Canada against which
't could conduct operations In tho
I world's central money market, Iondon.
I Darly In the dny It became apparent
: that there was a spre.fdltiff disposition
I to recognize In this a chanw for dls
, charging the debts which we owe abroad
, on various open accounts maturing now
or In tho near future It has nil nlong
been rem that the American banking
j and business community must either ob.
i tain a moratorium hero or nllow Its In
d btedness nbroad to go by default, and
j at no time has there been any Inclina
tion even to consider repudiation. The
, tas-k set was to find some way to demon
str tto both the solvency and the Integ
rity of the country, and It seemed yestcr
1 iv as though tlw way had been hit upon.
1 At a meeting of tho f'hnmbcr of Com
j nwrcn shipping committee In the fore
1 noon t was decided to propose to Wash
ington an amendment to the national
banking act by which, at the discretion
of the Federal K'Rorvft Hoard, national
banks ehould he allowed to hold part of
their reserve ngalnst In bank notes, Later
In the day th Idea began to prevail that
In all probability the powers of the Fed
eral Reserve Hoard would bo found ade
quate to deal with the subject and bring
j about the conditions which were aimed
at Tli' essential purpose of tho action
contemplated Is to releaso from tho ri
gidity of pre.-nt reserve requirements
enough cold to berln the liquidation of
our foreign Indebtedness represented
' chiefly by accounts held against us In
I There are objection to be offered to
the first expedients proposed which are
not valid against the employment of the
txmers of the Federal Reserve Hoard, hut
In any case whntever Is dono will not
) merit criticism, because It will con
' tribute to the preservation of the coun
try's commercial and financial honor.
It Is doubted If any considerable quantity
of gold will have to bo transferred to
Canndu for tho Hank of England's re.
! serve, because it Is morally certain that
the evidence afforded of tho country's
good faith and ability to pay Its debts
operate to end the deadlock in the
International money market. Credits will
then become available for the discharge
of debts and It will only take a few
weeks of an export trade movement to
turn the foreign exchanges strongly In
fnvor of the United Status, ehowlng that
credit balances have replnced debit bal
ances. Nominal quotations continued to be
mado yesterday for demnd exchange,
but a liberal supply of French cable
transfers was available ns a result of
the Morgan arrangements mado with
Paris. It Is also likely that Individual
bunking Interrsts will carry through suc
cessfully some negotiations for estab
lishing credits here In a manner slmllnr
to the Morgan-rarU negotiations.
T-hero was a budget of routine news
under ordinary circumstances
would have attracted much attention and
which had some Influence over Wall Street
sentiment In general. The satisfactory
termination of tho controversy between
the Government nnd the Now Haven rail
road by what was practically a return to
the original dissolution agreement was
of Itself a matter of Importance, Amoni?
other things It undoubtedly denoted the
tendency which the crryrgency of the
times has stt tip to compM n. reasonable
i adjustment of questions whenever It Is
1 jmsslble to lighten the general strain In
tl'ra fashion. The Federal court's sweep,
, , cMon nt St. Haul against the In-
1 the same time Wall Street was not al
' together astonished at the application of
; 1.1 w In tho company's case.
Rulings were made by the committee
which has charge of Stock Kxchange nf
fairs during the period of suspension
which offered an official but very lim
ited market for transactions In listed
nil irrcKumr mm uumiun initruci oi slow
DAILY TREASURY STATEMENT.
WASHINGTON. Aug 11 -The statement of
the receipts and pay warrants of the Treasury
Yesler, This ncal
dar month year
!', 313 17 r,s.2M IW.ei.M'i
3 1'.'..fl .WIBI r, Ml, 730
Iterilpt. , ..
Pay war'nts d
Defl"t . . 2.117.061 .33:.M6 6 M,76
, Receipts from custom, yeierdar. ICM.97J:
I from internal revenue, ordinary. IKA.ltt: cor
t ii'ir.illon tax, 110.1X7 . miscellaneous. IS,4)!I: na.
iliniil bank note, recelveil for redemption,
I 13 lil W.
Hie ca.h slatement of the United States
I Tiraurer tor Autist 11 show-a;
1 sdver dollar,
! Siher certlfloales ,,
t'nilcd Slide, nolo
1 Certified t'hcf'k, on bonks
I National bank notes
275, 231, 790
15a wy mvj
SubiHllnry s'lvcr, minor coin an1
Ca.h In Treasury. .,
In national banks
Available cash 111 Treasury ami
Deduct current liabilities
Free balance In Treasury and
nibrr Trea.ury a..e1 net ..
Net bHlanre In seneral fund ,
Gr.M coin and bullion
To redeem outaundlng iTrilftcate l.4'S.?9 s
Grand tola! cs.li and. in Treasury l,Sll.'d,l!s
GOSSIP OP WALL STREET.
Jfew Ilnren ICpbiode.
The general construction placed on the
adjustment of the Oovmmenfa civil
suit recently brought against the New
Haven road was that the settlement was
dictated by a general deslro on the part
of all concerned to lighten as far as
possible tho problems to be faced In the
priwnt financial and commercial crisis.
Nevertheless the sudden collapse of the
firm deadlock which existed only a few
weeks ago was a distinctly Irrtercntlne
eplrode, Thero was some hasty criti
cism of the action of the apparent re
treat of the company from Its itand.
Necrthalftss, from some aspects It ap.
pears a If tho company had gained
something by Its agreement to a peaceful
dissolution of the merger out of court.
The outcome of the controversy has at
least removed tho likelihood of A lonif
and closely contested suit with the Gov
ernment. The terms made by the com
pany with the Department of Justice
show that the Interests of the New
Haven shareholders have been eifc
guarded as far an Is possible. The In
terval allowed for tho dlsojal of tho
Hoston nnd Malno stock has, It Is true,
been shortened to a year, but provisions
are made for a sale of tho slock by a
trial court If It has not been dlajiosed
of In that t!in. The necessity for undue
haste In this mitter Is therefore removed.
In Its lirger aspects the settlement of
tho New Haven suit Is accounted highly
gratifying. It removes one dlfllculty from
ii highly complicated nnd awkward sit
nation. rirllltlr for Cnah .ikies.
Tho ruling made by tho Stock Bx
clnnge authorities perinlttlut; the execu
tion of buying orders In stocks for nash
lit price, above tho closing quotations
of tho last day of trading on the ex
change Is a tacit admission that suoh a
demand exists to an extent important
enough to bu taken Into consideration.
Kver since tho exchange closed there have
been signs of a widespread demand for
stocks. Suggestions havo been continu
ally offered that some way ought to bo
devised to get Into circulation the Inrge
amount of cash that Investors were anx
ious to convert Into securities at the low
prices, not only becauso this would re
lieve tho stock market position, but be
cause the Kenenil financial situation would
bo Immensely strengthened thereby. The
exchange authorities In permitting trans
actions In ft limited way have adopted
the only policy that they could under the
circumstances. The situation required
action of the sort and undoubtedly It
would have been taken earlier If the
technical situation had permitted. For
some days past It ha eeen evident that
there was a real cjill for a cash market
in some form. This has been displayed
In the success of the efforts to conduct
a curbstone market In New street, and
by other Incidents such as an adver
tisement In one of the metropolitan news
pnpera of a forced sale of standard
dividend paying stocks by a man who was
hard hit In the market and had to
liquidate a loan.
If thero was the normal keen Interest
In financial news nnd If this financial
news was now being translated Into stock
market prices tho winning by tho Gov
ernment of Its suit against the Harvester
company would probably havo been the
most Influential pleco of news yesterday,
t.'uder ordinary conditions It would have
exerted an adverse Influenco upon the
whole list out of proportion to Its renl
Importance. That la to say. It would have
done so If tho stock market had not be
come Immune to bad news nnd If prices
mado at the closing of the exchange ft
firUilpht rwro did not contain all conceiv
able disasters. For months past tho out
como of the Harvester suit has been
awaited with Intense interest, not on its
own account, but because It has been sup
posed that the outcome of this case would
give Indications of tho probable results
of tho Government's suit to dissolve the
Steel Corivoratlon. Tho circumstances in
tho two cases nro of course radically dif
ferent, and 1t is plainly nbsurd to allow
opinions of the Steel case to bo governed
by the outcome of the Harvester suit
Nevertheless if there wns a stock market
nt the present time and an active trading
clement busy this Is Just the eort of de
velopment that would be made the basis
of speculative play. It has often been re
marked that the speculative game in Wall
Street Is unique In the careless manner
In which liugo sums of money are staked
In speculative commitments based on the
most flimsy excuses.
DAIRY PRODUCTS MARKET.
HtTTKrt -Market continued to ro up on
all line. The advance jeoterday was itc nnd
on some lines 1c IJemand tor unnVrrrade
butter hns twen unusual and there 1 no accU'
mnl.itlnn. There were (turn, siles of fancy
Pms of extras ye.terday at Sic and 1ecau.e
ot Kuropenn renrtillons the trade I. looktur
tor a SSe. butter market before the end of
the month. 1'roc.s took nnotlier upturn jes.
e.n!a of 4c I'ncklnir stock Is In ative de
mand and taken on arrival at nuolattona,
11 ue follow Creamery, extras. i!i'li jj'.o. ;
firsts, :f,",'i.'fc ; neconils, ri'iftC'O.! thirds,
;."(i.'3Hc.: Mate dairy, tutu, finest, SMajtiAV.:
rood to prime. : common to fair, -'ti
.'40. : prot-s eitrn.,
"r.ti-.c . first e. Z!'t3
23'-.c . lower ET.Kles,
creanierr, firsts, :3c
nrls, Lt'c. ; seconds,
tiu-u. No 1. il:i'-.c.
ladles, current make,
2JC . current packing
current make, No, ,
2"11 f,i.,c ; lower grades
rltlM!SE. TleceJvers were uiitl.lllllT firm yes.
trrday, but there wer not sales enouxh at a1
VAiioe prleca to warrant an Increase in quota
tions Most of the stock Is well cleaned un
anil speculators are lioldlnr what they nave
stored for higher prices. A further advance
Is eipecied. but the receiver, nre doing all they
(an to bold tie m.irket level Canada will
hue 110 cheese in nlfer, a, England will lake
ali of It. surplus slock. Prices Slale, whnla
milks. Iresti. white and colored specials, 15.tf
1' . ioIoksI and white. aeraga fancy. 154c:
Undi'MMdes. loniPiC ; Stale daisies. letMt'.c;
young AnierKas l'.e.: Male sklnu, fresh spe.
indii, U'.tii:".'' ; poor to fair. 5'iilOc
KGO.S All fine eggs adranceil jeaicrdar '4c .
making the outudo prion for fancy April (tor
.e e.g. 27c No such pilce has been known
In this market at this teason for years Europe
1, calling for American eggs and Increased
ordcrj are txprrted dally. Ilcci-lpts, while
showing poor guallly, lue cleaning up quickly
Market clo.ed unu.ually firm with heavy .pec
ulating In held stuck. More than 12,V),rt)i)
durcn held egg, hae changed hand. In a
eneculattve way within the last ten days
Nearby esgs, while showing the effects of heal,
are selling tively Vrii'es Kre.li gathered
ettras, :7(i2I'c: extra Jtr.t., 2.'.il2fe , tlrt.
iPiu-l'o.; dirties. No 1, lS.rlSW. ; No 2. i.
ihe . iherks, Ul,fil7e ; rclrlgerator, special
marks, fancy, charges paid, 27c : firsts, charge,
palil '.'1f M4c ; second.. 54tile. : IVnniyl
vanla and nearby hennery whiles, fancy, large.
lc. ; hennery browns, nsfJSiie ; mixed colors,
1,1 VK POri.TBY --There were two cars of
Western stock sold at auction esterday, Ihe
top price for fowl, being 15t.c. and broiler. 17c
These were small Western fowls. The market
was weak and the oiit.lile price for fancy fowl,
by eipre.s pp.e. but only a few fol come
by enpress Western fowls by freight were
1c on the outside Ilrollers were morn plen
tiful but unchanged In quotation. There were
unloaded 31 car. by freight and two cars by
express There wero led on track a car. that
were not unloaded and held undnr n limit
The low market surprised even the receivers,
Tint they are confronted with nearly 120 car,
to come before llie clo.e of Ihe week. The
fowl market Is the lowest it has tieen fur some
time There will be lour cars .old at auction
today Prices. Ilrollers, l!'7tHc ; fowl,, I6,
ilc ; old roo.ler.. H'.tJIV. : turkey., mixed.
Midlc : ducks, 141il7'c . grese. KfilJc . guinea
fowl,, pair. f0flfi,V'. : pigeon,, pair. 2.'.i"0'
DKESSKP roi'lTKY - No comniodily on Ihe
market was quite us dull yesterday as dresvd
poultry. Kven though meBi te high, con
sumer, do not turn 10 dressed poultry readily.
It Is much cheaper than lieef About Ihe only
change In quotation, was a reduction nt Sc. on
Philadelphia broilers Fancy fowls weighing
6 lbs or more were In demand, but few to be
bad The .mailer fowl, do not sell at all
Michigan I shipping In some flnn scalded
broilers and they are In 11 rial, by themselves
and brlnr above quotations ThcTe Is little
doing In (rosea poultry, the demand being (or
Uncy largo (owls and good turkey., both of
wh'.ch were held firm Price, lollnw. Frc.h
killed turkeys. KWIfc ilrollers, Philadelphia,
lan-y, 2 lbs. each, Clfl?: Fowl, Western,
bn.ed. 48 lbs and over to dorcn. lHc ; "8 to
4i lb., 171llV,j under .10 lbs. lHirn3c.i In
barrels bid, 6 lbs, linpiOc ; fancy, scalded,
IP- ; Wf.lirn ami Southern, poor. 12t13e
Duck., .prlng. luig Island, lie; old, lsutfr
Old rooster". KiilJc fqu.ib. while. 10 lbs
lo ilnj.cn, J1W: 7 lbs., j; I'rosen -Turkeri,
.null Wi-sKru, .elected lien, and torn,. .'i;6c
Ilrollers . n m milk fed, (nicy, n in 74
lb. UTT'lc i corn lt l iec Chicken, milk
fed 71 to 31 lbs to ilnren. xv corn feci, 1S'(7
II" Fowl,, Western boned. 1-1 lbs and over to
dozen liijc , ,:o to ., lbs. Ftrile , old roo.irrs.
The Farmers' loan and Trust Company
Nob. 16, 18, 20 & 22 William Street
Branoh Office, 475 Fifth Avenue
LONDON, IB Oookpnr Bt.,5. W. 28 Old Broad Street, E. a
PARIS, 41 BmleTrd Haniraftrin BERLIN, 66 TTnter den Linden, N. W. 7
Travelere' Letters of Credit. Foreign Exohange.
ACTS TO END STREET
DEALINGS IN STOCKS
Exchnnffo Commtttco of Flvo
Allows Cash TrntUntr I'll
JTLY 30 PRICES MINIMUM
Xow Ruling Expected to Abol
ish Unofficial Market on
The Stock Exchange committee of five,
which has charge of all matters relating
to the exchange and Its members while
business la suspended, ruled yesterday
that cash trades may be made under
certain restriction".. This ruling of the
exchange authorities is designed to
Abolish the unofficial market in New
Street and to strengthen tho market
position by eliminating weakly held stocks
by employing a portion of the existing In
vestment demand for stocks.
Members of the exchange desiring to
buy securities for cash may send a list
of the securitleo wanted and the prices
they am willing to pay to the committee
on clearing house at 55 New street. No
bids at less than tho closing prices of
Thursday, July 30, will be accepted.
Similarly members desiring to eell
securities, but only In order to relieve
tho necessities of themselves or their
customers, are Instructed to notify the
committee, no prices less than the clos
ing quotations to be considered.
In effect this ruling opens a way for
dealings In securities for cash and for
the absorption of tho undoubtedly largo
amount of capital pressing for Invest
ment Hut Stock Kxchange authorities
say that there Is no Intention of estab
lishing a market on a cash basts. The
measure taken Is primarily to facilitate
a clearing up of outstanding contracts
and a genoral strengthening of the market
position and also to provide proper chan
nels for liquidation where this is neces
sary or advisable.
In this way a mass of weakly mar
gined stock will find permanent lodg
ment with Investors. Incidentally the new
arrangements will permit the speculator
with short contracts to cover If he wishes
to do so by paying cash down.
All transactions will bo arranged pri
vately. The prices and amounts of stock
Involved will not be made public.
One of the reasons prompting the ex
change -authorities to establish means of
dealing on a cash basis wns the steady
growth of trading In an unotrtclal way In
the curbstone market In New street. The
development of this market was Insured
by a continuous Increase In the supply
and demand for stocks. It was felt that
this ou'slde market constituted n source
of possible danger to tho situation. While
dealings outside miy go on In a small way
It Ih believed that the latest measuies
taken by the exchange have dealt tho
curbstone market n body blows
FORBIDS NEW CLAFUN SPLIT.
Judtrr llrfnscs In I,et Twenty Cred
itors Form Committer.
Judge Iacombe In the United States
District Court yesterday denied, a motion
to allow twenty creditors of the 11. H.
Claflln Company to organize n committee
distinct from those which nlready repre
sent the Merchandise Creditors Associa
tion, the Noteholders Association and tho
Creditors Audit nnd Adjustment Associa
tion. The motion wns made by the lyondon
Ouaranty nnd Accident Company, Ltd.,
which has insured the clalme of twenty
merchandise creditors, including the Lor
raine Manufacturing Company, the Red
ford Mills and Wilson & Bradbury. Tho
motion also called for the recognition
of rrpeclnl counsel for theee creditors,
who"o claims nre snld to aggregate a
Jn optKHdns the motion Riishmore, nie
bee A Stern, attorneys for tile receivers,
said that there wcro 2,731 creditors, ex
clusive of tho foreign creditors, nnd that
the recognition of another committee with
Its separnto attorneys would onl add to
tho cost of the receivership.
THE COPPER MARKET.
Another dull day was ndded to the
record of copper yesterday. There were
a few Inquiries and fewer sales, Book
ings were made by producers at 121, and
12"i cents nnd by dealers at 121,4 cents.
The thing most Interesting to producers
nt the moment Is when they will bo able
to resume exports of the metal lo Euro
pean countries now nt war. Tho uncer
tainty In shipping circles makes it risky
to send copper to the other side
A war risk of 15 per cent, still holds
on exports of the metal, but aside from
this fart shippers do not care to endan
ger their consignments at this time with
vessels of unfriendly nations awaiting an
opportunity to pounce upon merchantmen
nnd selte contraband enrgoes.
The .American Metal Marktt says: "The
outbreak of the war In Europe has played
havoc with the copper market, but no
body In the trnde thought Hint things
had reached such a etato with certsln
llitcrets that they would be able to In
duce the RnjrlncertH!; rinrt .lflndio- Joiirnnl
to suspend all quotations. Certain sell
Ing Interests have contracts to take cop
per based on the Journal's quotations,
which under ordinary conditions Is a very
nice arrangement for them, but It would
hnve been embarrassing to have to take
in popper under present conditions, nnd It
Is very fortunate that the Jounml has
"There Is Just ns much of a copper
market to-day as there was In 1907, and
if the Journal saw fit to publish prices
every week during that year we would
like to know what Is the meaning of their
present action. There nre several big
copper houses who would also like to
know this, Including one liou whose
rales during the last four years have
averaged li cent per pound shove the
DAILY FINANCIAL CALENDAR.
Company and Term 91k Ami
Dominion llrldge. Ltd , quarterly !
Reading Company, quarterly . .. eem I
THE GRAIN MARKET.
Wheat Trices Decline shnrply "n
f.eaa I'nvornble llxport Sentiment.
Wheat closed nt j to He. off yester
day after previous declines of 2U to
2tjc., the breaks representing selling
bused on less favorahlo export sentiment
Tho mining of the North Sea was a faotor
In this connection. Wheat that had previ
ously been purchased for export was ro
solil and exporters stated that tho buying
for the other side hud approximated
100.000,000 bushels, f
The public stand against the recent
sharp Increases In nil foodstuffs was
given as a reason for the discouraging
speculative buying. The market at the
moment Is erratic and Is easily Influenced.
Resting orders were reached on the de
cline and served to steady prices In the
later trading. Cash handlers wcro gener
Jtrailstrcrt'.i showed a deerisjn In the
vislblo supply of world's wheat of ti2,000
Corn gained from 1 to HJc, after
earlier advances of IH. to 140, The
I'rleo Current') report on corn was par
ticularly bullish. Brtuittreet't showed a
decrease of 165,000 bushels In the visible
supply of wheat east of tho Rookies.
Oats were higher despite the fact that
there was an Increase, of 3,405,000 bush
els In the visible supply.
Open- Itlrh- Lost.
tYbeatt lor. a.t. est.
September..... W tj. n
December J&A. ltw. 9!'l
May lM'i I0;i 1W
September "IV M"; :s4
lieceniber e', :o. r.'
-Mar -i'. ::i4 :.
September 4IS :v, 41
December t 4S, i;
May 47' 4". 47',
New York wheat prices were
Open- Hlch- Low-
Inj. est. e.t.
September f r7'i
Other wheat markets wero:
Low- Clos- Prer.
eit Inr. close.
December 10!i 1054
September. ... l5i, !(' 13', tmi,
December 106', 10', lt'l, 10.V,
October t0f4 107 1",S 105
December 105', ICS', 101', in,
Receipts and experts were:
Wheat. Corn Oat.
Itecefpts New York.... 20.OM ..too 6:.CM
Kxporta New York 40.COI l.f.o ir.,000
Ileceipts-liiterior . 271,rt 363 00.1 l.sCI.OOO
Uxports Seaboard ... lll.OOl 1.0" 11,111
Car lot wheat arrivals at Northwestern
points were :
Yester- Last Last
day. week. year.
Minneapolis 17 IK 131
Dululh. 21 26 20
Wlniuper 31 77 !S
Total 231 217 2S7
Cash markets follow Wheat No. 1
Northern at Mlnntaiolls. 1.07 ?i ; No. 1
Northern spring, noinlnnt; No. 2 red
f o, b., DO'sc No. 2 hard f. o. b..
11 01 '-.-c; No. 1 Manitoba. 11.23. Corn
No. 2 yellow, o;;c ; So. 3 yellow.
92'c. ; rxiiort, nominal.' Oats No. 2
white. 474 47'4&; No. 3 white, 4B
Ifii-io. ; standards, 46'A'(?47c; Rye
No. 2 Western c. 1 f New York, S5ic
Ha rley Malting c 1. f. Huffalo,
file Flour Spring patents, $5.25(ip
13.65; spring clenrs, $1.50f4.S5; Kan
sns straights to nrrlve, $4S35f$5.16.
MONEY IN NEW YORK.
Call money ruled at 6 per cent
The time money market was at a slan'lstlll.
with fome loans made between 7 and S per
Commercial paper moved in small volume,
with 6 per tent quoted for best names,
Only ,1 few special transactions were made In
foreicn exchange for small amounts. Sight
1 bills and sterling cables were quoted at C 06 and
6 18 respectively.
' Domestic exchange on New York: CTtlcago,
1 3fr. discount; SI Louis, lie premium.
I liar sliver in London, 26"d.
New York Clearing House statement: Ex.
Ich.nue.. JlC7.17i,.53, balances. Jll,2:vm:: Sub
J Treasury credit balance, Jl.
Th Ke3 .ton Telephone Company reports
for July, 1914, gros, earnings of 1111.4".
ns rompared'wlth gros of 51 03.469 for the
.anie month of 1018. Net earidngs amounted
to 451,911' as contrasted Willi net of 111.
0il. nnd surplus after charges was 128.707,
as against 11 surplus of 2i.310 n ear ago,
For the sit months ended July 31, 1014,
gross earnings aggregated J7h7.715 while
for the previous period of 191,1 tbiy were
1731. 139 Operating expenses and taxes in
1 reused 14,ti2, and net earning, wire I1S7.
;C. u compared with not o( lieo.Mi,
The surplus after Interest charges was
$?01,0(t, 11, compared with a surp'us of
1113,234 for the corre.pundlng period of
Total rrnsi earnings nf the A-n"rlen
Light an, 1 Traction Company for the year
ended June 30, 114, were 14. 41',. CIO. an
Increase nf $116,000 over the preceding year.
Earnings applicable to dividends were II,
276,111, a gnln of ISf.OOO Preferred divi
dend, were unchanged, amounting I" 164.
172. Dividend, on th- 1 oiniimn slc k wers
(1.108,727 In ca.h and ' similar ain"ui.t In
stock, a. compared with $1,277,007 In inh
and a similar nmnunt In stock paid dur
ing the preceding ear After all divi
dend payments the surplus wns 5fi04,5l5, as
inntrasted with a tnrplus of JH7 if a In the
year ended June .10. 1313, Tho accumu
lated surplus and reserve, of the company
on June 30. 1914. were $9,677. nsr- against
It, 973,141 on June 30. 1913
Gross earning, of the 1'ntled Fuel Supply
Company nf Pittsburg for the jear ended
Jim. so. lfili. w.rn 1268. 22S. ns romnared
I with iro ot $186,182 In the preceding year.
The large decrease In gross earnings I. cx
1 plained by the espndlture of $191 144 for
I the purchase of gas during the last year,
.whereas III the preredlng eor only $54.81
'was .pent for till, purpose. Net Income for
the yesr wn sis. urn, nn ng'iinsi 1131,107
in the previous ear. and tho surplus after
all adjustments, dividend pnvments nnd
depreciation charges was $91 359, na com-
fared with a surplus of $(1,140 a jear sgo
lepreclatlon charges wero reduced from
IllUO.ono lot llie year runeii .nine bj, ivm,
to $"7,100 for the last year. The accumu
lated surplus nf the company Is $125,619.
and lis Indebtedness has been reduced to
I I, Ire Stock MnrUet,
WEDNESDAY, August 11
f'.ecelpta of beeves were : ' head, including
s7 lira for Ihe market Steers, bull, and good
to choli-n fat cows. liisJUV lower; common and
1 medium cows steady 'j lie vara, were cleared.
Common to cholie steers .old at 14 Miflio per
I'si lb..: oieu nnd stag., $7tt$f 4: bulla, J6.S.Mjt
7W; cows, ll.tflfftl 76, three rnlra cows. 17 61,
I Dressed beef steady at 13W1.M.C per lb. lor
I ordinary to choice city dressed native sides
llecelpts nf calve, were 1.870 he.id, Including
9W for tho market Trade rather .low and
veal, weak to r.fiMe lower: buttermilk, and
rough coai so calves were also olf rr,c The
I offerings were all taken Common to choice
j veal, .old at $911113 per 100 lbs : culls. $7ff!1 50;
grnssprs anil biitlermlins. $I7I7 K; mlsed
grasers and "led'' calves, 7 i,4ij$9. cut
dre.sed veals slow- at 1HH"c- per lb ; country
Receipts o( sheep and lamb were 10.470 head
Including 70 car. (or the in trket Market slow:
sheep barely steady: lambs Mticdc lower
(sheep (ewe.i ,ild at iMV . per l"0 lbs , cull.
lambs, $; ftvifii -i; cul' 4 DreMi.t mut
ton slcady st ,S17iie per lb dre.sed Iambi
lowrr at II's'mI','
Itecelpt. ol hogs were 8 0 head Including
one cr for the msrket Prices Inner llrav-r
to medium Stale and IVnn.ylvjnia hogs .-ilrl
t tl $M rtr IM lbs : roughs. 11C1I M,
REPUBLIC OF CUBA
$35,000,000 Five Per Cent. Gold Loan of 1904.
NOTICE OF DRAWING FOR REDEMPTION.
Ifotlce Is hereby riven en behalf of the Cuban Government and In pursuance of tha Arrees,
tinder which said bonds were Issued, bearlne dale May 11th. 1fM, made between the Ilepublleof Cab?
represented by Its president, and Speyer A Co., that In accordance with article Third of said Ajt!
men t, the dlstlniulshln serial numbers set forth below of coupon bonds of said Issue have been draw,
by lot by Speyer A Co., at their offlca In the City of New York, In the presence of Senor I.eopoMo Dal.
Consul General of tho Pepubllc of Cuba In the City of New York, aetlnit at the request of the ll.n'ib'',
of Cuba as It. anent, and Herman 3. Orune. Notary Publlo In and for the County and Stale of N,,
York, for redemption of said bonda at par and accrued Interest on the first day of Septrmbet it;,
the neat ensuing Interest day, when Interest thereon will cease.
AT.IllKS "A" FOK ai.OHO RACII.
SS SJ70 4704 MU MM H704 14(151 ion! S0(I4 23 SM JM13 37MS SW1
M 3201 4321 M71 MM II7M I&0O4 lll 50719 S2SS9 2MI9 27910 aoi.14
81 2SI9 4.111 IWI.I Silt 1177S 180UJ 1KH 20795 22MJ 2MJ1 27011 SfllM
140 212 4111 M"J M94 117S7 16IC0 1WJI 20U 220ns. 2MM 279M Jfll!
l.V 2389 4371 Hill SMt 11701 16183 l3M 20S3S 22019 2S3M 2811 Oli
101 4M 4405 (1J7 M.V1 1187 15181 18311 2O870 22M7 25444 25201 30IW
22 4 2403 44 07W WAS 12007 152M 18171 2O0IB 23020 25181 22 30JM
229 2528 4671 SKO MWJ 120H I1M1 IM77 20923 2.1011 24314 2311 Hoi'j.
291 2M7 4533 MI9 m 12037 15378 18529 20970 230SI 2,1113 28131 jn.'
SM 2470 4713 5 Hl'7 I20M 16313 1111 2079 730 25691 21433 SWI
421 2931 47M 9!) 0071 13111 15419 1M31 21019 23119 2S904 21141 )!(
413 2731 4760 6041 0013 12331 11417 l)ll 21111 23HI 25919 2VOI 7i
41 2763 4774 9973 (WO 12343 11171 1179 21187 23191 25979 2U23 itWI
M7 3779 4773 f,WJ 9170 17415 1M43 18013 21201 23201 21711 2191 )nv
911 2794 4781 7021 9311 I2MU IMH3 1X101 2UI1 23279 2574 2M94 3U77J
901 2ll 493 7013 9371 12601 l.'AOU 1713 21291 23394 2M70 2M9I1 .10771
701 2114 4871 7047 9519 127W 15934 1S733 21281 23399 21914 !W5 S0919
721 2KM 4171 7117 9111 122l 15701 1763 2I2M 23120 20U 2m J4J9IO
723 2033 4909 7121 9171 12S53 15769 1769 2IJt 23111 29074 2 M91 SWI1
791 .99 1 4917 7149 93U 12817 li'99 1770 21311 23491 28011 27.71 31011
793 S041 6003 719.1 9S0I 1295 1533 18771 21341 23811 281S0 21791 3lti
773 ' 3049 tCOl 7217 B0O3 12131 1143 IM2I 21311 23839 28780 2.193 31111
821 .1047 COM 7378 9711 12017 1190 18110 2IC0 23864 28401 2814 31111
H.1Q 3119 W71 7279 9717 12079 11979 1953 214.11 23767 29411 21! 3II7J
870 3182 6101 7319 0739 13003 15011 18913 31411 23791 28ISA 28917 .11171
891 3114 129 7111 9784 13083 18022 10041 21497 23781 29459 28027 3UM
909 8281 1169 7414 "770 IH087 19187 19118 31603 23111 28481 290U7 3t3"3
I 1099 SSH 1169 74.13 0793 11127 16217 19173 21510 23S29 26123 200SO 11394
' 1078 8388 6203 7437 U1I0 13211 16269 10319 21825 33811 26579 29U7J 31419
1109 Mil Will 7178 037 13249 19293 19323 21909 23190 "88.1.1 29rM J1J
1121 3434 633 7111 09I7 13213 1811 19.07 31823 23013 24491 2014J 81453
1283 3499 1113 7191 9017 13379 1949.1 19391 21819 23V28 2A491 20173 3190.1
l.Vll 3411 6603 7692 10003 134.19 181'1 19111 21784 23991 28897 29222 31933
1304 3119 6401 7920 10D33 13493 10711 19111 21923 2.1939 29700 29211 11840
1307 8139 6401 7823 10009 13832 19783 19463 21831 34011 28711 29290 11867
1840 1163 M43 7931 10331 11914 18870 19833 31849 24083 29714 29311 31701
1403 3118' 6831 7948 10293 13810 18891 19911 21879 242O0 29777 29334 1)729
1801 8169 6779 7973 10141 1M91 18944 19840 21904 34314 28783 29171 31744
1009 3181 6811 7894 1047 1371! 163S3 19707 21979 34149 24118 2911 31749
1884 (681 8907 7713 10707 11918 16993 19813 22031 343M 28823 29879 11819
1743 8914 6933 7747 10720 11038 17044 I980O 22084 34373 2oU4 29701 81941
1783 8463 6931 741 10781 14011 17033 19891 22201 24409 26913 39763 81938
I83S 8487 69M 7841 10901 14080 17111 19941 32310 34413 27020 39771 11971
1147 3893 6973 7884 10934 14101 17173 10917 22291 24483 27191 39117 31998
1868 3743 1981 7194 10914 14130 17300 20117 33301 34120 27209 29140 33041
1904 8743 8089 7949 11093 14411 17353 20181 23344 24413 27214 20911 32031
1909 3782 0097 (033 11317 14111 17281 20273 22111 2-1720 27293 29923 S21M
1949 3789 9113 8042 11300 14169 1700 20301 22471 2172 1 271X! 29978 32199
1900 3829 8117 8049 11148 14(73 17611 20114 22491 24917 27441 29901 52311
1904 3.137 6379 8017 11439 1467 17418 20371 -24BO 24117 27462 30003 32217
2057 341 e28' Will 11441 14413 17613 20371 22802 21911 274!8 30003 32291
201 3122 628-J 8099 11487 14444 17733 20373 22973 24911 27581 30019 32351
2121 3963 627 fsiWi 11471 14973 17773 20401 22979 25013 27693 30021 32141
2147 SMI 6412 8194 II509 14712 17783 20101 22C97 26048 27709 30030 32418
2143 4037 8199 R213 11832 11759 17803 20479 22761 25213 27731 .10143 82475
3201 40.11 6510 8242 11614 14814 17912 20563 22119 26220 27747 30141 82179
1 2204 4101 6540 8309 11645 14004 17974 20583 22833 26211 27861 30113 82922
2221 4193 6599 8312 11974 1IW3 17009 20S91 22917 26210 274 30205 .12931
2262 4233 M04 M17 1180 11919 19013 20627 22863 2 6281 27913 3021 33113
20 251 792 1132 131 1613 1934 2119 2403 2V.7 287.1 218 .1112 1n
22 "09 814 1170 131 1841 101 2189 2424 2559 2611 291 3211 3741
M 31.1 852 1178 1397 1713 2005 2301 2137 2541 2819 3032 KM 37J1
W 480 44 1274 1471 1714 2008 2318 2144 2197 2733 3041 3341
111 647 891 1275 1612 1977 2091 2319 2474 2803 2780 3077 3109 39SJ
157 629 913 1564 1644 1M1 2001 2324 2479 2911 2783 .1134 3199 3991
187 618 030 13.13 163 1813 2105 2191 2.77 2851 2795 31S.1 340 3S1
209 617 1014 133 111! 1809 2112 2392 2527 2843 2111 3141 359
I Said coupon bonds so de;Unated for redemption will be paid at par and accrued Interest on or
I after said September 1, 1011, upon presentation and surrender of said bonds, with all conpons ap.
pertalnlnir thereto naturlni en and subsequent to September 1, 1014, at the nfl'.ce of
! srr.Tl'.n CO.. ,w York,
I .SI'I'.Yr.U HltOTIir.ftS, London,
'AZAItll SI'KYiat-ni.LIVin.V. Prankfort-on-Maln.
IIIX'TSCTIK HANK. Ilrrlln.
II. ITMANN A CO., llaiana.
1 Said paymahts wtll be made In the money In which said bonds and the Interest thereon are by lh
terms thereof made payable In the cities In which they are respectively preiented.
I Vpon the presentation and surrender at the offloe of Speyer A Co. In the City of New York of
registered bonds acatnst which coupon bonds bearing the dlsllnxulihlnc serial numbers drawn a.
I above are reserved for exchange, the par value of the bonds bearing the numbers so drawn and lh
I Interest accrued up to ihe said September 1, 1014, will be paid,
t Said coupon bonds so drawn and rechtered bonds or portions of reentered bonds aealnat which
' rtawn coupon bonds are held In reserve for exchange shall eeae to bear Interest from and after th.
date tlxeil for redemption In the foregoing notice.
The following bonds previously drawn for redemption have not yet been presented for payment:
sr.iirns "" ran m.000 rutni.
119 2111 M77 10618 104t 15724 21341 24141 28027
2187 3379 0133 10874 11289 20204 23103 23179 26210
Interest on these Honda ceased Sept. 1, 1018.
SFJIIF.S "It" FOR ff.OO UAC31.
Prawn per Sept. 1, 101.1.
743 1779 2262 183!
Interest on these TJonds ceased Sept. t, 1011.
snitiiM "ii" for shoo ruoii.
Drawn per Sept. 1. 1011.
Interest on this fiond ceased Sept 1, till.
Dated New Yotk, July 28. 1014.
THE COFFEE MARKET.
Coffee trading was nt ft standstill yes
terday both In spot nnd in the futures
market established on the Front street
curb, nio No. 7 li quoted at 9'ic. and
Santos No. 4 Is 14',;c The December
position Is about Sc Warehouse deliv
eries nro liberal. Deliveries on Tuesday
were 16,263 bags, which makes tho etockn
In New York 1,185,656 hags.
The greatest single factor In the ooffee
situation Is the unsatisfactory financial
condition of Brazil nnd until the mora
torium emdn It wilt not be possible for
coffee brokers to learn the status of affairs
there. It la not believed that the mora
torium will expire on Saturday and the
Brazilian Government will probably deem
It feasible to extend It further.
Chicago prices were :
ing. 23 a
September 4 44 4 40 Oil
O, tobcr W (" 9.60
September . 11.76 11.71 13 71
Octnber. ... 12J1 12 W It 31
Cash mnrltcts Beef, mess, nominal ;
Fork Moss, $21.750125,25 ; family,
Lard Prime Western, $1 0.40 ; refined
continent, $10,76; South American $11,60.
Clifsapeaks and Ohio.
First wtelc Aug., ,. $711, 101 Inc. 121.107
From July 1 9, OSS, 400 Ine ,189,114
i.nicaan, inniannpoii ana l.oulsvllle.
I First week Aur 1114 1,1 In.
i rom juiy i ,is,:ii me.
Colorado and Southern. 4
First week Aug.., $250,014 Dec.
From July 1 1,11. 997 Dec.
Inlernatlonsl and lireat Northern.
.First vvetk Aug.., $159,000
i From July 1 176.000 nee.
lnteroreanlc Rallwav of Me,i,-n.
i First week Aug... 112.403 Use.
I From July 1 225.474 Ilee.
National Rallwaya of Meslco
First work Aug,,,, $101,409 Dec,
From July 1 1,581,4(1 Dec,
Tens, and Pacific.
First week Aug.... $119,441 Ine.
I From July 1 . . . 1,740. 400 Inc.
Toledo, st Loiil. snd Western.
First week Aug... 193,312 Dec
From July 1 470.S74 Deo.
I Twin (ity Rapid Transit.
Fourth we.kJuh- . 1266.112 Inn
Month 816,294 I no.
From Jan, 1 1,115,194 Ine.
Paid by Rub Trea.ury to banks ,. . 11,71. one
Paid by bank, to Hub-Treasury 1,014,000
Ix. to banks on day's transactions 3 1. tee) 004
SINCE FIIIIUY LIST
Paid by Sub Treasury lo binki 11 J3 iwi
Paid by banks to HuhTrea.ury lbMOnno
Loss to bank,
! to banks same period previous
roit koo liAcn.
Sept. I, 1013.
SPEYER & CO.
mVlDENPS AND INTEREST.
THE CANADIAN PACIFIC RAILWAY COMPANT.
DIVIDEND NO. 73.
At ft m.ttlng ot th. Hoard ot plrsotcr.
held te.day a Dividend of TWO AND ONE
HALF PER CENT, on the Caramon Btok
for th. quarter ended tOth Jun last, being
t the rale of seven par esnt per annum
from revsnue end three per ctnt psr annum
from Sptclal Income Account, was declared
fiayabl. on the 1st October nxt to Share
i older, ot record at the closing of the book.
In Montreal. New York and London at s
P. M. on th. list Auguet. All book, will t.
re-opened on th. Hth October next.
Ily order of th. Hoard.
IV. It BAKER. S.ortary
Montreal, August 10th, 1414.
TTNTTER (TlnAIl STORKS ODMrANY
PREFERRED STOCK DIVIDEND NO ,
A regular quarterly dividend of One Dollar
and Seventy-five Cents (tl 76) baa this da'
been de, lated upon each .hare ot Preferred
i i.siiru ani oummnning, payable eep
1 tambsr IMh, 1914, to Htockholdsr. of record
August 31st, 1914. Tlis Preferred Stork
I Transfer Hook, will bs closed at th. close
of business August 31st. 1914. and will re
main closed until the opening of bus n si
fer.temt.er 14th. 1914.
IIATEI), Allirust Jltb. 1414.
GEORGE WATTLEY, Treasurer
3 GUILTY IN FAILURE CHEAT.
Grocer banana and Two Aid Are
1 a jury in wis united states District
1 Court returned a verdict of guilty yester-
nil, ohnuiav oiue ijnnuau, nia
eon. Jlermnn J-andnu, and Abraham 1.1 pp.
man, who wcro charged with a bank,
ruptcy swindle, Oeorgo Lippman. another
defendant, wns acquitted.
1 According to evidence brought out at
rue trial Shin Landau, proprietor of
wholesale grocery store nt 336 F.ast 103d
street ordered n l..,.. 1.111 . 1.
fore a petition In bankruptcy waj filed
against I1I111 by prearratigement. lie then
shipped the stock to "blind" stores and
nltered Ills stocks eo a.s to make It appear
that the goods had been eold and th
proceeds used In pa Ing current debts
The others were accused of aiding him
In the fraud.
1 DIVIDEND DECLARATIONS,
Company and Term 8tk. Amt ravab'i
United Cigar Mores, quar,
lerly rfd 14. f-ept :.
tluckeye Ilpe Line 13 i fpi
North I'enii.ylvanla Rail
road, quarterly . , ., J Am 25
National Cloak and Suit,
quarterly . pM 14, Sept t
Porlo Klean-Amtiioan To.
bacco fscripl s-ne, P I fepi
Keokuk Electric, quirlerly pfd 11 M Aug
Keokuk Electric, quarterly com I. i An.
L'nilfd Slates Gypsum
quarterly , lu, feel "
Crn.olld.ited (la.. FJeciri"
IJght and Tower nf flalll
more, quarterly com II