The sun. [volume] (New York [N.Y.]) 1833-1916, March 02, 1915, Image 11

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The sun. [volume], March 02, 1915, 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.]), 02 March 1915. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030272/1915-03-02/ed-1/seq-11/>

Newspaper Page Text

THE SUN, TUESDAY, MARCH 2, 1915.
11
LOCKADE THREAT
PUTS COTTON DOWN
JimIiiic of "JO hiinl Follows
ViiiHiiiiu'ciiiciil of Hi'ili-li
Policy.
( )': 01' T
M KASI'KKS
. , , ntli ul c titlim ti iiilc imilil
(.1 , till' IUli ".ItlllllCIIll'l' III U1H ."IMIIU
UK'ti hy he Alllt" Willi lefflMiu-e In
l.PTIIl.in ii- J
I s'l.rp bre.ik of points. Tho IHM
vfir on of l'irmler Aiiltli' announce-.
mftii rei ncil tlif exiluntte tn iKiniovvli.it
lirb.fil form II wax entistrueil ttietely
referr.n; to fno.liturfs When ll n.i"
re.liied that all coiiinmilitk" iveie. in-c-luileil
the early Imyei ilumtieil uvw
th'ir hoMlnKB ninl forced the nimket
lurjily ilinvnwanl
In uplto of the r.itlier iiiipreimlv.
ntfad ni- of cotton in face of tliras In-,
em.-itlonal ilevelulum nts sentiment on
ill floor contlnu' quite bearish The (
utep Ukrn by (ircnt Britain anil her ,
illlt.i remove any Immediate Incentive
for the bulling of cotton. It I ilinicnlt .
-... n 4 1 1.. Ii.td ., n ,i,,,,M,-i,tint In th"
Tn V1CM "I I". ,"-" ... ... ... ...
House, of Oommon yesterday to come to
any definite conclusion regarding the i
cp of th measures that will be at-1
twr.pted. A blockade of Oermun ports
would virtually put a stop to direct ship-!
menta of cotton to llmnen ami Hum
tmrg However, these voyases have been :
m hazardous that the movement of cot-
on by the routes Has not been exten
ts. It probably does nut Include mote,
ihn 12 or U per cent, of the total sup-.
P'lf.i rec lved by (lermany
It remain to lie seen warmer me ai
us will purcue a strict policy of cap-,
ture, search and seizure which would
m.lltate strongly against shipments to
neutral ports. While blockade would
net affect shipments to CJothenburir, Hot
'erdam or Genoa, a declamtlim of con
traband would put upon the shipper the
necessity of making some showing re
carrtlnfi the Innocent destination of the
arco. Truro was nomine in yester
day's news to throw light on this point.
It would seem necessary tn order to
effect a complete stoppaRe, of German
Importations that soma arrangement
should be mad with Ituly. Hutlnml and
Pweden to prevent transshipments of
supplies already received through the
ports of those countries. As a matter '
of fact If Germany were to obtain the
eotton already received at Genoa, Kot-
enWrn and Gothenburg which prob
ably was u'tlmatcly destined for German
onsumptton the blockaded belligerents
fnal for many months to come without i
rerelvlw: another bale from America.
Th'i conclusion of course Is based on
'tis assumption that neither one of the
iltrmanle allies Is buying cotton for its
oversea trade, but entirely for domestic
onsumptlon.
. studying feature which caused a
i o-lci at n recovery toward the cloe was
'navy export movement of the day.
l h reached llCOlXI bales and brought
e 'Mai for the season up to 5. 253,000
'! igai ist 7.174.000 bales last year.
T ieT was no especial weakness iu
S' j it:. n spot markets yesterdav. Ilold-.-nii'o
reported to be standing Mrm and
1 ,n Bnnw markets Is reported to
le fi rly good
Futures, closed steady.
Opn Huh' Low- Clot I'rev
inr 4-sl rl tor i lne.
Vir-h - . :o it; iTiMis :iifM
Mjj Hi til SsH S 39 M',iV;
.i.j : 7i tic .mimo: ststii.'
n 'iVr Xi 'us 51 flat .'f '7
Pit Sfr s i . $ v i'utn t isiii ir,
Ja- ar 5 : . Sl'j-rfsa ijr7
S -011011 at New York wa; ipiiet.
It uer.me. Middling, S.2j. Southern
flint in.i kets wi-ie unchangid to 7 point
ifr. wltli Sow Orltvms 7.75. Unlveslon
t I'', Savannah 8, Houston S.20, AUKUta
" "i and .Memphis 7.SS
Tm New Orleans market cloed
t'Jtly Prices vveie.
Open- Huh- Low- Cl,.. lVer
ii i-i ei inr loe
March ":i ; M T !'l ; fct; 'J ;m;i;w
mit in i; jiOiiMi nwisi;
Jilr sit it ,2H n.nnasj sv,i(J7
o.obr ; :..!
li-cmtr i' 111 a.76 k ;4 ( 7b I79'!.i0
Ta Liverpool market opened barely
s eady Ttiere was a moderate demand
business In n'ot cotton, with middling 1
point higher at I S 5d. Sales, 7.000 bales ;
fclpts. 31,7C'J bale. Including 30.rfH5
Anfrlenn.
1'iices at Liverpool closed quiet.
Open Hltli- Low- Cloa PrfT
Inr rat sal. ing rinse
Mit Juris k3t 4 v. 4ii t.M,! 4 Mij
JulT-Aut 4 V, 4 V. 4 93 4 Vi 43l-i
On Nov .. loi li.e!, i(m Kii;i,.f,(K
Jn Feb . ( 10 t.ts 2 13 (.lit, 6.1S
Eleven A M. bids to Liverpool were:
March, 8 20 ; May, S.42 ; July. X.Gt ; Octo
br. S.92. December. 9 11. Tho market
'htr Is due to open to-day to 2 point"
den-ne
Itcelpts and stocks were:
He Last Last
, ei-lids year Moek ear
nlTf.inn IT.471 r,,4)i ..;7.u:e .s.:J
'0rlam 3,in 1.T 4f,.5n3 i'f.IM
Ji 'Uh TI" : T74 ;-30,4.t K.,l)
atl'von 14 IM ttl,4ts .'l '.'4
i"r'' T.J34 7I..T11 '.-..4"l
Ir erlor Htncks and receipts w,-in:
It" l.ai j.'
"' 'wcti 1:1 1.:
. f ,. . - in.'iivi
I .- a us hi vij . 1 Tri
v i 4- :.. a iti
Ksllmainl pmt Lii Lat
, leceipls to-fliy wk enr
n.alrinn .iwioJIW ytot i:i."4
0rlan lii.oo to 1!.j j. TU T.i.si
'xports yesterday, 11 0,7 CI bales. To-
tl thus far this season. 6. 823, 918 bales,
fi'rif 7,174.914 bales last year.
TIIE PHILADELPHIA MARKET.
riltl.xnrt.tni ti. . Tnreh 1 TM.I'n,
Un 's. were lowered In a number of
o'i"s to-lay deneral Asphalt com-
'' hnd n effrroil. I'hlladclnhia Com-
I new lirifor-eil mill l'ntlln Tim.-.
' e' o 'ne nw minimum Th
Oiin Huh Low do
" . mi "t ft in;
y ' r e Sural .I'll. T.'H 3 a. Ss'v
s lia- N J li, P-ll, p. H, II.. I,
' w . LO' o til si ss ni 4,4
' ' rhr a St"l 4 1 4 1 4." 41
' Si.iraj. Mat 4, 4-, 4t, 4.'-,
' ' ?i :l ':i .'l
1 'al As -halt .1. ,s .'s
t ail pf iii wt ii til
I'd ' "1 1 S S S
, ' n . :i ., .i j
' r ' .'e l(j ,,f .i, .' , 41 41
- Niv -to U T4i, TH. 741. 741.
, ' . , Nav etf -i, TC. TP.
. 1 llcv (. wi'l, 1 Ii, ,,v .( '
U It .'. " J 1'3 Is
a 1 a l M f f ii, 4,1 l , t
V '""" , '.I', '..'.
a ( w ,". ,f S' 3
' i it r . tf s", I , i , s,
'I si i on 77', TT' . T'S
,. '"' ' , 7!'. 71'. 1 ! 71'.
4 an n 'iioni ic n c, . i - c,
a . M i, -ij ii-.4 , ,
. ! La imp ( i. kji, i s,
on I a. 1 n 'n jt '. .ii
IIDNIK
' ' K . 1 . I... fc "l I
. '' '4 '".''4 - .
. V , I 4 M- II 41 , kl
. 1 ' His 4. Ill, , ((
v ' , I'j. ',',, v,4, -K.',
' . t " ' ' . 4 4T', I"', 171, 1.1,
i ; ii ! i i..s stiJ .it , ..i, tip,
, 4 ill. A 4s 'T'f m;i 'i.U P7 ,
, a I e 4. 7', 7a. Tla
, , , i I- I"' 1 .!, Pl'i, I'.j', Id.i,
' it i i , ir, ti,--, imt, 1.131,
lira, i e Sl ant aa s 3
elt Mini m n III Prices,
1 v h 1 a -, .rjtrn He na
n 1 ti-u prloei at
' ' ' rfe M.ni'li 2 Loose
I"' e, 1, s 1 in. re Corns
"e'j.r I El 1, .1.1 i 1
V 1,
1 1
m irflilivui i.urnillii-
,y vr'rrr, i,7 ,srli'au Ilrako
' pnrerr 130
I.
THE BOSTON MARKET.
Huston. .Mairli 1 --The bulk of the
ItmlliiR i"itlliiied to be In American
Zlnr iiml Hint, null Kupetlor. Tile for
mer was Ihe "ttnnf. ,fentuie to-day,
.tilv.iiHiiig t .MoHawk KJlned n.
(Mher ihiiime- n h tule weia small.
The "11111111:11.1
Oixii Hlth- I-o 0lo
S.il mt ! r" H'f
. 4m M i.iia . in, .i, -:
'u Mime . . 40i, oi, io', io
'l Mnallaniated . H't ''1'. K'i
-." Am Zine .. Jlt -I.', .4 X',
.1l Miii.wiiU tl, 'Hi .' .'
lin Ari7niu I'ml O. ' 4.
lllll'e .1 lli :A i'l', 41 I'l.
it. I'almnet Arts "I',
Onienti'al IT IT IT IT
v. (!liiim M 'in .
I'oiiper Itante ni 14 .' I
1ft'. K.ll Unite . !", ", .
I.41 (.r.inb T', ;
.0 Jrpene Can M'j '.'' X
.' Il.ineork l: 1: I ;
') Iinll.iiia 4 4 .11, 3'.
In.ulr.illof Ut4j IM, 1M. l i
a i Horale 2i' .'l' :-l .1
l4iKeernw "I, .1, 2 ,u i ' i
i.i Snlle J, jia. .1",
H Mrm ('011a 4I4 4 4it 4',
ITo .Mi-hiratt 70 Til ii.' i'
.'v. Mnhawk .. f.i, C," Wt
s Neiaila Com . 11, It'. I:-, f.
imi Nin44lnt s, ;t, ,, i,
f'M Ninth Untie Hi, j4i4 ...v, .- ,
North Like 1 1 1
I 4)1,1 tllllllilllUII.. 4.' 4.' 411! ,
' O.itoI.1 HJi, (Ti,
J"'. I 'ond Creek I5i, ir, 3S v ,
Villii'y rv f.T M :
' .shsnnen t, ts t, S
i .ill 4V Boil on i, i4 n, 1,
''Sun t.'oppT... Til, ;;i, ;;i i,
nr. Tamara. U 51 J!. ,n n
t; it smeitinr :i :i :d .',
.1 1' ! Smeitinr pi 41 41 41 41
5K. t'tah Copper.. !, t:s 0I' t:
ID Winona t, 'H ;i, -.n,
1KI Wolverine ... .49 4f 4?i, 4
RAILROAD
7 Boton EIT3ted "i M
144 lioiton Maine 2:'i Jjv. 2; .'5
l Cho ,le 4 S V pf lOt'i 104H 1"4 104
S Conn Hirer 1" 14f 14n i4
f. Jta4 Klectric 71. "U T'i
14 Mix Klectric pf 44 444 44 441.
IM N V N It ft It 4,1, 47 4,11, 4i,l,4
4. West R St llT .. kl, Mil in tis
II Wert K Mt Ut pf V l I
MISCKLLANK0U3,
1" ,m Air Chm. .. 4 4" 4 4
to Am Ait Chra pf t : w nj
.11 Amokear pf.. fsv, ssi, ssl, ssi,
10.' Am Pneii Krr. .", .1, ;i,
.'-', Am 1'neii Serr pf tl 11 In i
Anier hutar lot ;ui ti.i 114)
3 Anier !utar pf llA4 hm, n, i(.s,
711 Am Tel A Tel lis jjn us ns-,
71 Am Woolen pf Tx T TI TJ
4 Kdlson . :41 543 !41 :41,
.-. tieneral Electric 13 1SJ 131', 13i,
I". Mr (las . . 1: 1 i;
MeKIwalne pf....lir.'V, 1CJV, o:i lOJU
Mergejithaler ...1T4i, 1T4V, 1T44 1741,
I New Knj- Tel ... 137 137 137 117
11: Pullman 1.14 IMi, W 1.x1,
i.'s Swltt i Co 103 Ji)s 10I, Id
SO Torrlntlon : :s', :
.in Torrimtnn pf :Tt, K'i 5Ti,
HI t'nlted 1'riut IllV. lit! lH'i 114',
t'n Shoe Macll 14 54 .14 r.4
yt fn Shoe Midi pf .'s :s .-1
S-.1 1' S Sleel 4.'S 4.", 4i 4J,
ii f S steel t'f K im 13, 104
l.'S Wetrn t'11.011 u di, i; s3i.
noNU?
tlSfrti -m T A T 4s . Ill, Ml, IJi. n
S Am TAT 4ttt 1, t, s,
lii Am Zinc iHiS, 1M 1d 104 1C
;) A a J, w 1 r . t in ik) f
lim c n i q 11 11 oi4 sv.j
li-'fl Kre A Elkh Us .. lu 111 111 lit
fvo Mass 0s 4Hs 'Jt S3 3 M s
4'OCn IVuIt H, "T5 Jl S! ! sj
4"i) C S Slffl ts .. lu", ion, pvi 1W
y) Western Tel Ci , sp, s,i.
THE BOSTON CURB MARKET.
Roston. .March 1. The oloMnr Bofton
Club hid anil a.sked quuUtloll"
llul
CO
.us
. 1
. 1
. u
. .Is
l's
. JO
, X
Askesl
1
14
l's
l's
K.
It
1'.
an
c.
I
;t
i
to
1 Mi
I IMC
1'.
I
"4
til
Alrnr-'olo
Kar Slat' lijs . .
Iletole
Hoti'inia . .
Hutoii F.i.r . .
Unite. Lonirnn ..
Calaveras
Chief Cons
Cons in
Coil ClMM'T . .. .
Cron Reserve
Davis Dal?
F.ale Hlu-betl...
Kirt National
ColdrleM Conr-
Houjhloii
Iron Illossom
frose ,
Maiettle
Mi KiDlry-Dar
.Men, an 'ials.. .,
Mines of Amrlca..
Nw Hill ie
Nev lMi.itl.-is
Olil Dom Tr rets
Ohio Copper
Or.e o
Kaieu .. ..
Eolith l.ll.e
S'e'art .vtininr .. .
Cnne, Venle
Y ikon
. .:
; is
. n.
s-,
TO
.t:
. 4.'
IS
11
I 11 14
.' 12 It
7'i
THE CHICAGO MARKET.
CutOAiai. March 1. The furthei ain
of 3 points ,n I'liton Cjrbide was the
only feature of importance in this mar
ket Swift 4 Co. continued etrong and
Chicago Hallway Ids shied a small
gain Fractional changes were noted In
other Issues. The bond market was
fairly active and shade easier In some
lsues. The summary
Open
ini
Ant'r "tadiator 14
Cluo Ry a-n-s :
C O 4 Conn U iif .n
Com Kdiaon ... lJj'
Diamond Match 9.ij
Hart SAM pf.,107ia
K C Rt 4 Llrht 21
Mont-Ward pf...,113i.
Peoples Oaa.. , lle'a
Public Srrv nf i4
Ilith l.o Cloa
Sal"
1.,
est est mt
14
34
I4U
60
U1
in
s'l.
l.'l
'.'I,
10Tla- 1071, 1071-j
UJ's U3i, 1131.
IIV4 1 1 1 a
is' VI 1i,
10s 10X, ll.s
101 15b 151
Swift
I'mon Carbide .
l'N
15i
BONDS
(ICh-i
1
4' 4.1
114.)
l'SS-Hj
l4)
Cligo Rys r.s..
Chto City Rv It
Cho Hv Cs B
N Mi Kl ref fa
O'lieu (ias f,s
Swilt t.s
s,,.4
ssij P!(l4
TT.i, 7i,
rji l4
'"4
1'
T ,ij
KS
1",
THE BALTIMORE MARKET.
Bai.tijiohi:. .M. 1 nh 1 l.'iiH'd Rail
v sold un in J4'.j tii-diy. nn advance
of '.. hut the ir.ionie 4s differed a furthei-
slight I"S Consolidated "iiwer
was stiong The .summary.
Open Hub
Low Ctos
Sa.es tog
est
1.. Bank of Halto 1 '
I? Com Coal .... 'i
M Cons Pns.er . IOC
175 Fairmont (Jaa "M,
4.' Mercantile Trur. lt.'i-i
Sis) Northern Central sit,
r t'n Uya llleo. .n.
100 Wayland 0 4 0. 3,
I10ND
ll'.v) Rait Elec Cs sip t
;! II S P 4 C 4Ha ., ni
'."l City Bait 4s H It, Si
. n Coa Coal 6a MOW,
"41 I lav Chem s
. 4 Kikhnrn Fuel f s M'
1" ! i Ala iHin Is in.'
I (ia Car Vor '' 1"1L,
4.si Pa v i 'ow Is '.)-,
1 ..si.i I ii K t K t 4s K: ,
psi i ii it jt. i: in,- (. r .',
linn Fn R 4V ll I t, 's i,,
p.) I'D It t ri Idj r.s 4i,
111
100
ss;
17:'i,
Mt,
:4t
If.
IM
1W
14',
SC.
3'.
I
Ml,
iwH
s
SU.
lu.'
top.
I.
is I,
11,
(',
17im
Ml,
IOH4
fl
P,
10:
I0P,
")1,
II
a"s
..,
Hl4
0S
y,
1U0H
?l
"('.
107
lnla
..ii,
1.1',
Hi
THE PinSBURO MARKET.
I'lTTHBi'nu, Ma roh 1
lies market wjm tleady,
lliaklu; fi.ii't nnal gains.
1.4 up j anil Columbia
Mitiiinary
Open.
sales ng.
i Coininhis C i, K I1),
10 Cru. ltd' steel t, 7ii,
'.'. i II irln-on Walker 41
! In l.penilertt llrew 3i,
11 La ll'lle Iron., "j'i
I) Mtra I. ai II 41,
1 1 Pills llrewlni . D
io Pills Pint' tlfi loo
11 Pun "Silver Peak 11
1 1 'I Pure Oil . Ill,
40 I'llirin -4 4t S SI
i. I' S "I"! 4!',
Vtinrhoiise Kl "T.
IIONDS
1 'nil Ihuiu'i" n T ' l""'l
loo Pitts Ml M Is prt
tins) Wet P'lin Rr' "n t'i'.
-Th securl
everal Insues
I'nlon Switch
flas i. The
llllh Low Clos
eat et lixr
10'. 10, 10"i
7i,!'j THI, "s",
41 41 41
31, si, :n,
Jyl, Jsl, i'sl,
41", d", (tl,
100 U' ir.:
U .11 11
1(1. IPs I'.
'1 in,
4.", (J 4J4,
?Si 33 IS
im', imi, 10.H,
1141 I1 p.)
" I8, SHJ
SUB-TREASURY STATEMENT.
SATURDA'V
Paid III Sllli-Tl eaaury to Ii.siiV.i4 15.174 000
Paid hv ti.nka to Hup Treasury 5,402.000
1 nw to 1,'inks on dsy's trans-
aiilons . . , 4ll,tll
SIMCH FRIDAY J.AST
Paid by Pub -TreHsurv to hinks 13,150,000
Paid by banks lo ,"4ubTreaury 5,051,000
Loaa to banka 11,101,4)10
Lots In banka sama period pra-
vloua wtck L1M.0M
RAILROAD EARNINGS.
1 t15 Chantes
Alaham-i flrat Pnttthern:
Third week Kh B. B J tise. :R,'!4
f oili .luh 1 3 034. MS Ilr, So.1,l::0
.iin 4,rt,or:
rii'l.1 week reb 40.0f Ihc J4.37!
l'ruin .lult 1 1. .117. 174 1)-.' U.,,34
('III, ije iiml Alton
Tlllld liesk l-'eti .'4S (ITI) In, HIST!)
riom .lull 1 S.4H: 41U llei SS J,1
Cincinnati. New Orleans ilxl Texas
, I'Jill'i
TI1I11I seek Vsb HUMS', 1W t OdT
I 'I i,in Jnl 1 1.044. 'IT urr I,IT
iliiitn Southern anil Flotilla
Thlr.l k lU. I4I.1T3 Dec S71
l'ruin ,JU 1. 1.4'.I,17I7 Dec '34 r.(l
' (irea- Nnrthern ststem-
(truss ?or .lamiarv 13 n4 .44 f-, J4',s,1sc
from .lulv 1 . 44.1(4 1.1 I). a is hi
(Iratiil Triihk
Thlnl r eek f.l, t.'li :i. I)-. J1D.14
1 I'rnin ,lu! 1 .1..341 7T'I I)"' J 43.'.0l
Louisville utnl N'j-hMli-
Third wek Keh 1T4 !'. lis.. 11 47 711)
Krnm .lull- I. . 33.131. HI 1W :!J.33
Mobile and OMu:
Third wek Feb Kfi? 773 t)-r i: IJI
From .Inly I . T mo ll D-c 1 1(1,143
It lu (Irands Kouthern
Third nek Fb IIO.BI Pee Jl.ltJ
I'r, in Ju,y 1 ... .i;n.0T Dei 79 141
Inl'tlo HI loilis ami Western
Thlnl wek Feb 1104, 7 1 Inc. 111.271
Frnm .lulv 1 ... :,ss; ',4n n, 73.017
, Twin Cttv llapld Transit-
' THIrrf ,ml (.-il, 114 m.l Ih. 141 144
From January 1.. 1.JS1 uto tne
47 (!
ILLINOIS CKNTRAL.
The Illinois Central Railroad Company
rfKirts tor January!
IstS Chanrs
Total rventi ... J5,:T.314 Pee. J.'oC 307
Op. etp and tales 4,150.:S Dec. JHM10
Net revenue .
From, July It
Total revenue..
Iltp and taies
11.131,041 Inc. tto: T.1
IIT.101,141 De l2.J3s.ss
30.4ld.fi3l Dec I I4s.ua
N't revenue l?.4S.t:o Dec Iso.lcr
T.ZOO ANO MI.flPtSSHTI VA1.1.1TY
The Vasoo .ind Mississippi Vall'y Rail
road Company reports for Januar
ISIS. Clianxes
Total reemi IsiJ.SJS D'C. t:o.,1I
Total etp. ta. Vc. 750.C1' Dec. II r.47
Net revenue
I rti Iti tw 1 i
J91,70 D'e. lM.7s.t
Tola) revenue t:,44,;T. D'e
Total exp. t 4Tr S.li: 1.-4 De,
7i:
:4S.450
N't revanue . II 71.'. 53. De. IIM.iSj
fF.NNfYLVA.VIA frXTKM
Th Pennsylvania Railroad ftyat'tn r"
ports for Januar -
l.lnps Hasf 1JH Ohin's
Total opsr. rv 117 W.IH D'e.l,fi::.07i
Up eips. A tales 15,6)1.073 Deo. 1..145 444
Opr Invome . ll.3(T.' Deo. S'.'7,s3r
Lin" West
Total opsr rv. I7.7H4 nsn Dee.f ' 3.704
Op Knpi. Ataaes 7.5J7.1IH D'e. .I'l.Otl
Oper. Income 1 1 4 1 . 0 Dc. 1710. ::
Total lines Hast ami 1V't
Total oper rv. i:4.1L'3.44n De-.:,75.7I5
Op. eips. (ales ;:,43.CO D'e. t.731 53S
Op'r (nioine ll,jes,;si De.ll 017. :5
Til' P'nnsj ivanl i Railroad eilb'iillarlei
report for January
r"nnjylvatila llal road
1 9 1 :
Clianr's
Opr. revenue
113,017 171 D'C II 4 1 4 , .' 4 s
Net rvmio .. 1,114.114 D
.'10.107
Opr. Income.. 1 17". 071 D'e
P'nnsi Iv.mta 4?ompani
Op'r r'vnue 3.4MS' Dee
Net revnu' 3','.'3 Di-
Opr inv-oni'. t9,JJS D'e
nttsburr, Clmliinatl. Chliaio
JSJ.J71
?: on
407.i il
407. 33
ant -t.
.Ollls
Oper r'venu'
Net revenue .
Oper In.-onie
Philadelphia.
ton:
Oper r'venu'
N't r'venue
Oper In'-nme
I?. '14.777 Der
507.7.11 Dee.
351. S01 Dev
Baltimore and
IS9 ilS
3TI.3S1
:il.1'4
Washtnr
I1.437.;i0 De I130.3J:
11.1. 1-1,11 He- 33,J',
SS."3:. Dee 95 317
CANADIAN NORTHFRN.
The I'enarl'an Northern ltaltiay Com
pain teports for .l.nuary
ISli Chanies
(Jro-. earnlefs si0 4i) Dr j:n,'u'
Opel expenses TT3.000 D'C 4 4T,.lidO
Nel eernlncs
From Julv 1 :
Uroes earnings
I Opr fpenss.
1177 100 D'C. I17S 100
S 10.117 1fo D-.4,ni 500
7.40.:00 D-4- I 603.00(1
I Net earnlnt 17 577.100 Dee II 41C.S00
I NASHVILLE, CHATTANOOOA AND ST
LOUIS ,
The Nashville. Chattannoia and St !
I lvuls Railway Company reports for Janti-'
' -r .
I'll Chant's
Op'r r'vmi's t D-i I7i4 J:
Op'r expenses 71" IIS D'l til ni.
.Vet opt rev I10SJ17 t)e Jss.'js
Opr ln one 12 I. -4 De 101 14.
Flo'll .lull 1-
Opt re ernes
Oper expenses
Id .111.717 Der I1.11S.4JI
VCt.lM Dfr- r.01 9SJ
N't ope- rev 11.047 703 Dee. S07.4
Oper Income 11.1 11. ' D'l .',70 C07
MAINE CF.NTRU.
Th' Maine Celiiral R.i.rnad Campan
lepui'S lui U.IIU.I)
1S1. ,-l.j,is.
Total revenues
Totai expenses
UK, 441 Dee 171. S7
liSS 47.1 Dec '4.77
Net revenue 1170.575 Der 147 1S1
OPT tneome 117 701 D'C 41 074
TWIN CITT R4.P1D TP. 4.NSIT
The T"ln Cltv Rapid Transit Company
reports for January
lslt Chang's
Opr revniiea 74.!1 In.- t.'l :t ,
Op'r xp'n"s 5Sl.r,40 Ine .17, ss.
N't earnings. i:S7,7.-.l D. Il.(47
?urn1is 103,774 Deo IH.D4.
MISFOfRl, KANSAS AND TUNAS
Th Missouri, Kansas and T'xas Lln'i
1 'port for January:
Kit. Chanf-s
Oper revenuea. 11.1:7,77 !)" IH5 71
OpT.etpnes , i'.03C,410 D-. ,13t
N't oper rev
From Julv 1:
Op'r. r'vnlle
Oper expenses
J71.3i: Dc. 11C. 140
130.030.00'. Dt
13,715.115 Dec
1104,13;
177. sOO
Nei opr rev . K .114,110 Inr 1T.7.1.3CI
WFSTIIRN MAI1VI, ND
The Wetrn .M.irjtantl Railway Com-I
pany reports for January: 1
19f, Chang"
Opr revenue Su ", ri, s 4 S Dee IU.505
Oper epenes ",ln p-r 101.551
Vet revenues
Fioni Julv 1
Opei : even :e
Op" eXp'n.fs
1145 si's Inr l4.74
14.117 04 1 Dr
1 1. 1 7 (II 1er
till. IV
17.44-,
Net -avenues 1 1 . : 3, C05 Inn. t ? 74"
NHW YORK CKNTRAU
Th" New York Centra! system reports
for January
Tatal all lines:
1'13. Change
, Ooer. ravnii" 171 lit De. I35'..lis
Oper. Inooin. S,0H,J30 I no. 1.1:4,157
New Tork Contrail
Oper, revenues.. Ill.l".l7 D" Hr,.sSl
Oper Inoorno.,. 1,J,0S3 Inc 703,a UT
lloetoti and ATbanr:
Oper. T'venii's. l,?U.sl8 Dec 131,837
j Ope r, Income 714, 70S Ine PJU'l
Michigan Central!
Opr, revenues. IL'IO.THS Dec, 10 113
I Oper. Income .. 765,116 Inc. 110,303
' Cl'Veland, Clnrlnnatl, Chicago an Rt.
. loule, Including Porla and Hasfrn-
Opt revnu". 12. 10; 167 lnc litr. 514
Opr Income 314. (! Ine .rf sir,
ctnclnnatl Northern-
. Opr revenues IHH,i70 Ine 11.730
I Oper Income l.tllt Inr 3? :3
rUtaburg and Lake Kre'
I Oper relenues. 119.'. 737 Dec. 1210,513
i Oper Income. ILWUS Dso. si lf.0
F.RIU
AV line,, Januaryi
PIC Change,
flrosa revenuea . 14, ',75 .s ino. 1144, l
Op. "tp. and taiea 3,77T$iil Dee. 7.11. 117
Opr Incotno I'll 4f Inc. 1313. ttt
NI7W TORK. SD.IQl'RHANffA AND
TVnSTFRN.
Including fe Wllkesbarr and Kaatam
railroad January;
115 Change
Oross revenue. , I S .1 4 , 3 s rien. til, 1114
Op ep and taxes 541,734 Deo. 11,51
Oper Inroma... US OH Inc. I1,71'3
IIITDSOV AND MANHATTAN.
Tha Hudson and .Manhattan Rattroait
Company reports for December:
li( (Thajigea.
Oross revenue., , llJ,,145 Iec. 113,151
Oper expense,. l'4,Jl'i Deo. 15,11'
Ve revenue
Ral avl for Int. on
adj. Ini' bntiils
tS''SJ lnc
3,15.1 Ine.
15 061
5.47
INDUSTRIAL EARNINGS,
WI1LI.M, FARdO fi CO.
Wells, lirgn A Co. r'pnrt to th Infr-!
elute Commerce Ctnumlsifiiiti for Nnvnh-ri I
PHI ' Chnncea.
Total OpT rv ll.DsH. T;f Dec 1103, 11(7
Total oper eps l.fi.l.s'il lnc .00,01(1
Net nper lev
Oper. Iiiioine,,
11 nin July !
Total opei rev
Total iijier. expa
Net oper. rT,,
Optr, Incoms
I'S, 170 neo.
.'0, VU Dee.
H,3il1
100,0l
11,101,147 Ino.
7,050,153 Inc.
1111,103
l,ltl,23J
I4S,77 Dee, 114,441
300,301 Due. 3to,J7
The Union Trust Company of New York offers a sppcinl service
to ln(tlvi(.unl trustees who desire to have the clerical nnd routine ntl
ministrntion of their trusts curried on nt a low expense by nn expert
orKanir.atlon.
The Union Trust Company will care for the trust property, assist
in makiiiR investments and in pelliti securities, collect the income and
pay it over as directed and will render accounts in the form In which n
trustee is required by the Court to state his accounts. A trustee will
avoid expense and trouble by having his accounts kept In proper form.
Correspondence and Interviews are Solicited.
UNION TRUST CO. OF NEW YORK, 80 Broadway
FIRST GOLD FROM
ENGLAND SINGE 1913
-SToO.OOO Arrives on Anicricnn
l.inor aew York Con
siirnotl to Two Firms.
The flrt shipment roM to ho ent
to this city direct from Bnsland atnc
th latter purl of 1913 arrived here yes
terday in toard the American liner New
York. It amounted to onty $7S0.00fi, it
sum vihlrh In ordinary tlmeei would not
attract (treat deal of notice In tho
financial dl'trtet, but owing to the ex
traordinary conditions exlsttnf ahroad
the, fact that England, is loath to part
with her (roM nnd that tmnatlantle
sold shipments are rare In these days
of submarine warfnre It sroused con
siderable comment The cold was
brought here for the account of (lold
mati. S.ichs it. Co and Kidder, I'esbody
Co. JuOCOOO being consigned to the
former banking house and $;nn,000 to
the latter.
Inuiilrj nt the offices of tho two firms
failed tn reveal whether or not the gold
was purchased direct from the Hank of
Kiicland. but the Impression prevalted
that It was not. It was snld by retire
e,cnt.ltlve of the firms that th" ship
ment represented exchange and not spe-i-IhI
transactions. That considerable- care
was tnknti to guard the sh'pment was
feen iu the fact that no announcement
whs mailo at the time of Its engage
ment anil that an American liner was
selected to transport It.
Cable advices from Ixindon Indicated
trust a further movement of gold from
Ottawa to New York might take place,
as it was announced that the Hank tif
Knr-land had sold SOIO.OOO In foreign
,-oiti for trnnfi'r from the Canadian
capital to this city, fiold Imports from
Ottawa and from tendon on the present
movement nine amount to J9. 200.01)0.
The ewhange market was nulet e.
terday. with sterling rallying somen hat
toward the cloee There was another
further break In continental erchange
which carried prices down to new low
levels
DetTi.nid "(erring closed at . JO's and
ables at 4 (.n, I'rams were quoted at
' for chii'k" ami 5.28 '-j for cables.
Mi'ik1 ere oflereil at SI, for sight
drafts and via4 for cables. Italian lite
Mild at f. and AuotrUn kronen at
ir-
THE SUGAR MARKET.
I. snrr Itasss Use ITsalng I'relchl
MtMlllll.
The Am'ri-'itn Sugar Itetln i.g Co-t -Piiiv
Umght abi ut US.oca r.,g of
I'fi.ttpt C.r,.is a-, ,1 IVrto ll cos eser-
II. 1v .i' 3s 1 fit. i"Ost :i!il freight.
eiUlV4lM to S4 cej.'-. litx laid. M
decline of 13 points, fion. the pi "e p"
vailint at the close List neek 'P.ese
siirars were taken nlth tho optum 'f
taking them to other siMp-Tts t'-un New
lrk The lower tendency of t tw was
due to an easing In the freis it situ.it on
Steamer- are n-nre plenti'ul .it love.
rat's Vessel room is t ov. t,i lie nail
at iilsiut 21 cnts tthere.is a hor'
Mine llto IS rents w,is being asked
lietlned Hus.r wis unihanited Kith all
Inteiesta quoting S cents. Sec, 1,. I
hand were selllnr t BLj cents
The sugar futures market wa sltghth
eaer elth total sales 2.4f,0 tons l'r.eea
nere :
Hllh I-ow Clus prei
est est ma tlnse
Mar-r ::, i u' -t
Apr I '.!")
Mav .. 3 74 34s jr., .1 -.
.1 11 lie m,. 1 TJ IT4
July 3.4 .ITS j: m
.uru 3. 4 .1 4 ' 1 ? 7
,'inemher ... is.) jit 17 . :
(Motvr , n; Jl;
S'iiiemter H .. j; :: vr,
ll'is-ml-T 3 7: 1 77
Jantiarr 3 1, 374
THE COFFEE MARKET.
I 4-14 ri I at k Dull mid Vai rro vs -n Irs
7,riO nnira.
The 11. flee futtues ma.kel ,is dull
and ii.it run' ettenl.ii . tm.il irnies
iiuiiiuiitlng to inlv 7,"".o Imks Prices
shoned a slightlv tinner tune .it the
1 penliig. but there n.in n.i 11,1 ctiiu e fr , 1
llnll or tne local ..put ininl.its to vo ik
for .in rnlrnnoe nnd .it the .'l,,- pr . .
cased off to ,1 level ill 1, 11 -led tn .",
Iii-lun Situ il.n'- - Ti.iic
eiete ten 1 Ifem ,ti est .n.d fie.f.ll.s .11 ,1
limitations were nomin.illi um n.insed
Ilra.lll.in nt.'trkolH ivcii. le.ituteless
Mo 7s were ajraln not o,iin'"d. Santon
4 wer iinchangeil at tllpn rtio and
Santon receipts; tot 11 1 Id tii.OOO Inara. Sao
Paulo had Ifi.OOO ami Junllahy 22,d00.
The rate of Hio evchaugo on la-ndon
i advanced to 124d. Prices were:
Hlrh Low. Clos- Prr
eat eat inr clos"
"?'- " &
AIiril.., ....,.. .. fir,',
ciar cer, eco r, . i,
June, .. ,, K4 -ii
Julv iu c i 1. r
AUU4t., ...... S 7 " C 74
Seiilitnber Ill r C .'Hi
Ootidier , ,t f, "i
Nolemls-r . ,;.m (-, l,
Dei-inber . . 7 01 - u( ; ,u - .v
Ciisloma llei'eliita IHilUl.'.'tir,,
The total receipts for duties at the
CuKoin House yealenlnv were tHUi -:S3.71.
of which Jt87.S70.4n nun for
merchandise withdrawn from bonded
wiitehiiuie-i and J4:i.4:.",:is for rcccm
imp.iriailotid
Live Stuck llarkrl.
MONDAY. M.i Ji I
Iteielp's nf beeves for two dais net"
4. ,,1 head Inch! Hut ti cars for the mar
k"l SteTs sere In liberal upplr and
trul" eiirein'ly alow at a decline of 5 ,
10 eit.iout u lie.iranc' at a late hour
ltu.:a and thin cois tiere ateailv, m-,llii-n
o.lioii" fat ines weak to 1 4) -jii i r.4 . lowrr
common lo prime steers -nul jt ...iy
11 I.i per 100 ll,a. . men ut ?7 .10; S.jlls a'
I ill I" 50. ions at 1.1 7'.'l In 10. Dressed
b"f steady at list innt'itlii is or at 10ft
13r for cby dlessed natlv" sld.H.
lti-ielpt, or a'V"N for ten ilavs wts
5 171 head. in. hiding 5,005 head for th"
market Vea.s were less active and sfa.lv
in : lower, lumtard ia ies in iitIu
suppi hut not in. mi sianted and sales at
oner ligtire I'oiilllltin tn rhnlc- vala
sold al II 71 if tin pel I ou lbs viiH, ,,,
li.UK.,'0, hirniaril cl'.es ut I", .'', il
I'.S?!,. veillliu al 14 .1 I City ir"-,
ve.'s ruled '",l,l II 1 . ' I ' 't. per Ih,
npti a f"iY selnteU selling ai 50.., lountry
iireaseo irn"r a' i.i''llbl'
Rei-etpts of sheep arid lumbs for two
dais eei" 7 5.11 head. In, iu.l'iiR .", cars
rnr the nuirkei I in limlleil ntrertnr pr" ' s
rtere ateailv all around Cinninn lo g.m.l
-dicep leAI-Ht sold lit 1141 11. wO per 100
b" , roiiillli.il to prime lambs ,it ! :", I
111), mils nt 17 in Iireised mutton sir i.
at tii,iri:'.e per Ih ilrrss'd lan.t. tl, m
at Hdli.e; a fen hug dressed selling it
UijC riiiintiv itreraed Itoilioye limbs
lilsher at si i per i iri.iaN
Iterelids of hnrs for te-o ilavs were
11,550 head, Ini'ludlnr 3 ears for the mar.
ket, Prh es were ajsjui eteadv with heavy
to light selling al !7.50O't7 4n per 100
lbs., liiilghB 0 Hi 10 35. Country dr"sed
hogs ataady 'JIIOc. per lb.
TO IIOLDKHW or A II Mil I CAN Tl'lll!
AMI M'A.liriMi CIIMFANV IIRST
iioki'oaih: nc, .ni-i i.oi.n
IJOMts, IIATKII 0("l(llli:it I, Km'!
Tills Is to rrttfy Umi. In nr. or tan, e with
he Flrsi Mnrtg.ixe or Deed of Truit of
Tin: American turp: and stamfinm
COMI'VNV In Colonial, Trust Coniputr .
now Till! lajFITAHLK TIlfPT COMPANY
OF NllW YORK. s Trustee, tinted o to
iler 1st, t0:, the follow lug lunula Nivs .';
tl S3f,, 33, 371. 39, H2D. 717. 114 and l.'l
have tide day. Fehrunry SOth. 1915. at the
nmee of snld The ITqult.iti'e Truat Com
pany of New York, been designated for re
demotion ln '"' accrued Intereat on
the first day of April. 1916, upon presenta
tion ami the suriender thereof, with a.'
.UUmM nupnns. to ei.1,1 Truflee Interest
on the iilive honila will (ease on April Is-
I 4 j.
IMF F.Ql'IT MIL11 TUFHT COMPANY
OF NllW IUKK. Tru-!fe
IU- S Alt.MSTRONll, A-slstu it retim
XMFItllAN IfllF t, srA.MPINO
COMPANY
Mi c. D s. .Mil. LKlt. President
P s HILL, Director
t lier i,. er.K) that 111' nhove hon ls
Here iIi.umi ns st.ited YJTNI7SM my hand
unit m1 thl' L'oth d.iy ot February, III!
MYLF..-4 M llOFRKi:.
-Votnry Pnhlle, York Coutitv. No. in
111 .ii or lull. with the iibove lertlllente
(lie iir,,tersii,-ii,t will redeem llir a'.ioi
.lunili.-r, , iKinds t 10.1 anil ii,-r,ie, lntnr- -t
,o Apr', is- l 1 1 - on and a'ler thai ii,te
i ll'ii pies, me, I Mtrh nil utip.il, I millions a:
Is ,,t!, e, No 1; .utrre-. New o'k
''If
llli: KQLMTVIILI: Tltt'ST COMPANY
OF NLW YORK.
LYMAN RlluADF.S Vice. President
iOH N OF WF.NTSF.M.'CA SKH KK IIIIMI.
SunUi !.- lilllti:ilY UIVLN that tha
undersigned mi;, a, 1, to the Ingh'si i.nl.ier
lor cisi th. refor, sewer bonds of the Tuna
of Wes: i-ene,,,. t'outity New l,rk,
of the ai-giegaie par .nue of Ua 3sv 00.
at 3:00 o .ork in the atlertiiioti nn Ihe Dth
dai of March, 11)15. at the otilce of the
Toisn Cle-k in said Toun. v iilrh Is lo at'd
..n Cnlan lli.id In the V.Mfe of Kheticier.
Hrli- lounti. New ork. .itid th.it bidt wl 1
te re. elved for eal.l bonds or any portl .11
thereof, up to and ut the time of su. Ii sale
Th'ie bonds lonsist of twent-ne bonds
nf the denomination ot 11, 000 00 earh ant
o-ie tund of the denomination of llso 00
The bonds IWI' be dated AprF 1st, I'll
ine iirln. ipsl of one of theae 1-otids wir
natjie e.., h ear on the first day of Aprt .
. imitneiu Ing Ant II 1st, Ulij. and tnt're't
At the rat' ot live per cent per nnnum will
be paid on tha flret day of April of eai n
year
The Town of We-st Sene'a with large
(m.esae.i luiuatlon rontlguous to the City 1
of lliirf.i'ii Is the guarantor of these bonds
hai li p-opo.ai niust be accompanied by-
a (ertir.ej ch, , k 1.1V.I1I. in (h n.,1.- a.
! the 'Sllpervlaur ot the Toun of West
Seneca for to pr eentiitu of the amount '
bid
.J!'.". r:r''! i""--v1 to r'l'.-t nr ant'
au bid. rtnd to waive iini tnfnrmalltv ,
Inr further Information ad lrss William ,
J Diets, ti attorney. No S'lt nillcott '
Snuare. llnraio. New York I
I'm submli',.-i of bids, aldr'" Clirlstlan
I. .- h nil Supervisor, 4 .ire of T ,w n CJerk. ,
l.beneie- I;.,,, i-, u-.ti New Yo-k
iSlltne.l, 'HRIST1VN I. -1-llfDT
Wuperilsir nf the Town
of Was' "-"'-lei-a,
Hrl Co-in-v Vew To-k j
MMI. FI.F.CTIttC UMI. ROAD A
I.K.IiriMl CflRPOHATION I
live Per Cent Fl'ty-Year First Lien and
Co' In I era' Trust Sinking Fund OoM Honrts.
Purauint to tJie provisions of Article
Sixth of the Mortiriire and De.l of Trust
exe.u'ei hi the ManlU F.Vctrlc R-illroad
Lighting Corpoisitlon to th" sinderelgned
,e 1 1, iiu--. dated SeDtemtier 24. tuna
otfe-s u-e herbv invited for surrender ot 1
rfhov-- 1 , ne.l l-on ! to 'he amount of 1
3.. 0:: . In the Sinking Fund Offi wli.
,.p, A.t i, ih- un t, e-l Trus'ee at
' - o . . k hone Frll.ii Miir.-1i th. 115
Ih" Ti -e.rves 'he rlicht to reje.t
.11 O' . fTer
Till. I .1 I MILE TM'ST COMPANY 1
1 IF MTYV YORK "illstee
Hi I.V1I t ItllO VD1.-4 11 - Pre.M'nt
GEN. DU PONT TO GET
$14,000,000 FOR STOCK
liiiiilci" Trust nnotinors SR,
..on.onn ovd(r Lonn--S-JO.000.000
Iloldinc Co.
I'oriunl nnnounremont wns mnde yes
tenlay that arrajiirerr.i'nt.i had ten
completed for th purohnso of tho tn,
000,000 Inlet i st of Oen, T Coleman du
l'ont In th t. du Pont de Nemours
I'.iwdi-r Cuiiiiunv
A pen cmpanv was formed to be
km vn .it the Du I'ur.". Securities Cni
imnj , .th a total rapltnllzathm of 120 -non.puO
The purpose of the new com
jiunv .a to take over ce-t.i.n al". It
holdini;s of the imtvdi r n.mpinv ami
to act ,i .i ti'ildliitr ,',ittip.iu s'ewar-I
l'lfi-.c, pi e-'lli-lil of the It.i nkeps 'I ti-
('niiip in.-, it. im- out the ioIl..i m --tale-Hi.
hi
The H.r',eis T-ii I'.-mpr an
uinii. id 'it .t ii the cfuiii i.'n.tt' oi ,,f ,i
i.imr, in- ni-- tn piiivliae-i i uii-t.intln!
iiinouiit of linth common and pr-feue,!
Html, of the K 1 du l'ont de Nemniir.i
Powder (Vmpatiy, owned by Hen. T. C
du l'ont The stoolt li purchased bv
a coriinitlin tho name of which, or
the Interests associated with It, la not ,
as yet ifvaled. '
'The total lunourit of the transac
tion l aliMUt $11,000,000, and the Hank
ers, Trust Companv Is backing u loan
to the extent of $S,ri0O,0(i0, which It.
In turn will pnrtlclpite ti other New i
York und I'lilLiilelphla banki.
"It 1 not ontemiiliited that uny
change be made In the management of
the .ninpiiiv leii, du l'ont h.in been
pte-'ilent of the ci poi .it.ou fn- manv
:irs, but I. is ttustel tne a. tle i ,m.
ilin t til Iitllel'. ".I'll Mill ullti:Ul" t.i
adlillliistt-i' 111" in poi'iiliun'M lifl. ills."
The H inkers TriLst loin of J,!i00,
010, it viiia said, will bo for eighteen
mouth at per cent., with the p'lvt
lege .f extension for another elehtemi
months (leu du Punt lias aciptul In
piyni'tit for his stocks iibout jri.'OO - ,
000 In live ye,ir ! pet cent. note".
I'rom this Information It vena be.
llevid that il'ii. du Pont will get t,.
tiOn.ODO caah for his stccks, the gteater'
pnrl of which are common, and the re
mainder nf the piymetn In the tlve
year poles. t
TILE STEEL MARKET.
Nesv nillaueas Slow Cond 1 1 Ions I
Are FnchNiiKcrf. '
Nte'l 1'nmllllon.H mutted Hie new
week uiu '-itiKdl Nmv buiilticsp Is com- 1
lnc III shindy. Tim Jl ifi unco on bnrs '
plules am1 fihap'-s wlilch wiih un
iiiiiini i'il ".inic tun, ago Is opc allvo ,
n"iv nnd Ihe ..'muint of Inning by'
( 4 uiisiiiiii'-h will 1 4 t t-i-i 11 ii o whi'tlicr tli Va
' limitation can he ma ntatned or whether
t will have to , loiM-red In order
' in tirntilut biivliui.
Whon tto .iil'aiu'ii minnunreil .
tbei'.i was llttlo ii'ilciliur to tintlcpatn
i iL i'niiio comiianleH lmvo been nak'nif
11 2(1 Oil ai'.MllliI ,llllll-1ne ..rl.iu tt.il
thin prlc llkmvleii Ii.im bad lllllo sffoiit
oil demand The S eel Corporation Is
recehliii; orders, at the rate of about
ITi. 000 or 30,000 tons it day The con
cent Is oporntlmr at nhotit 0 per rent,
of Hit capacity.
To be dated March 1, 1915
Interest payable March 1 aad .r-t. ruber 1 la Mew Tort Coupon KetM af t,M sack, principal f snatek
a4ay be reglstereil lledeeaiable lo whole sr in patt al 101 aid Interest at ao.r tlms upoa alt weela' -He
Authotlarsl It be Oatalaailloi. ta.KOO.OOO, Tbe New Tork Trust Oompaoy, New Tort, Trintsa.
Wa rail attentlna ta a letter af Mr K. A. f, Clarke. President of the Lartawaaa Steel Company, corAea at srklek asay a
lad ss rsqstst aad trtm which we tinamarrt tha foPvlat Imporlaat features la recant ta theaa Notaai
Since March 1, 1910, funded indebtedness has been reduced $5,482,000 (including
present financing), and $6,814,669 has been expended for additions to plants and
other properties. The present financing will reduce annual interest charges $139,700.
Assets of the Company in excess of prior obligations amount to over $56,000,000,
equal to more than nine times these $6,000,000 notes.
Company's investments in iron ope properties are conservatively estimated to be
worth $6,165,000 more than the value at which they are carried on its books.
Valuable patent rights are owned by the Company and are carried on its
books at a nominal value.
Since 1900 Stockholders have subscribed for $27,250,000 Common Stock, which
was paid for at par in cash.
These Notes will be the direct obligation of the Company, and will be issued under
an agreement which will provide that, until the entire amount has been paid
off, the Company will not mortgage any of its present plants, real estate,
etc., or pledge any stocks, bonds or obligations of other companies owned or
held by the Company, or permit to be created any mortgage or pledge thereof,
except by the issue of bond under the First Consolidated Mortgage.
Balance available for interest charges on this Company's bonds for the past nine
years (1914 partly estimated) averaged $3,745,544. Deducting $1,250,000 prior
interest charges from this amount leaves $2,495,544 available for $360,000
interest on this issue of Notes, equal to almost seven times the amount required.
Depreciation charges are on a liberal scale. For the nine years ended December
31, 1914, $13,519,951 was charged off for Depreciation (in addition to the regular
charges for upkeep included in operating expenses) and Sinking Fund for bonds
and exhaustion of minerals.
The supply of iron ore, and coking and gas coal owned by the Company is suffi
cient to maintain operations at full capacity for many years.
The Company's steel mills at Lackawanna, near Buffalo, N. Ye, on the shore of
Lake Erie, are well located for economical operation. They are of modern
construction, and produce rails, structural shapes, sheet piling, splice bars, tie
plates, merchant bars, billets, plates, and other forms of finished steel products.
All of the Company's properties are maintained in excellent condition.
An Wsjal Malta la rsws-tt sa wtt (Ms kaaaa at Mataa karva kaaa aasaasswat tor mr aMt Sham OartwataiW. wl-Wskrw
Tan. Haw Ta.
Price 96 and Accrued Intereat
XJttacriptHse drcuiac oa recjueat
Kean, Taylor & Co. Blair & Co. Robert Winthrop & Co.
Na Yok
Oitcja
Pit IDKMI.i AMI INTKKKVr.
I'll : lll'.l. HI1 llfltlN f'OMl'AN'V.
1 . k. Keh Mi Hi.
.luini-ris ,i inleri.t uf I'Wll VMMJ.VK
.(1 V ll 1 Hit I . i. i I'l.lt I'll.VT i)ti i he ip
l. el,, k f ' - I'. Hli.tny 'l! be juM a
1 I e nltlre nf '1..' 'n-np . nv, 3! Nflssiu St reel
,' this ,iiv ... ai. 1 after Hatiiids). March
.i. 1S1 i, tn stii. khilWa i( r"i-orl at ,-iose
i business to ,ai
I1V order ot -he Hoard of Manaf ere
1UAUI,K.'4 A. WAI.KRU. Tre.tsiir'r
At a TU'etlna: of Oia Directors held to
n iv nt 1-rfinilori It wa.s ilecMeil to ii-y an
I-terlm illvldend of III per cent fre of
llrltlsh Income tax on the Ordlruiry Shares
4.-I M.ir.iti 31, IMS. All tranafrre received
' i order at Ixinilen on or before 3Iaroh 11.
15. Mill h-" tn time to be passed for pay
ment of dividends to transfe-ee-a
nitiTiPii-AMrii.!CA.v inimro oo.,
I.T1
MareJi 1 IMP
IH. Wl lON-s AND .MI'.RTIN'US.
I', l.tllt I I.I . It II t'OMl'AVY
'ers.. 01. i . J . 1 ebruiir 17th 1U
No'i'e m heleti ki -ll that the annual
eeilni; of the KtoeWh" ilere of 1' lairll'aril
rumpmy fr the ceitlun of Dlrermr ami
'h" transaction nr an. h other business a.
rn.iy properly mine b'for the nii'etlnit will
be h.l.l At the Home Office of the Com
panv, N'ev-ark Avenue un.t H"ne-ta lle,ee.
Jersey City, N .1 . on th" nth dm of
March, lir., At U o'clock A M
WM 11 ItllHTT. f"-reta.ry
Norlee la harehr arlren that tha Annual
MeetlnK of the Hto-okhoUlwa of the llrook
. n llftrouffh Company for the eleettiiti
.' Ilr"Ctore fur the i-netltr.tT e"ar will b"
He). I at the orttc" of the Coinrwinv, Hurf
Xvenii", ronev Islnnd, N'ew vork Clti',
Sew Ymk, on Tne'ilny, Mnroh Jit, IMS, at
1,' o'clock nrion
i'I.AVT'IN )-. I'l.ATT Henretftry
LONDON OUTLOOK BRIGHTENS.
InTeatment Demand llxiieoted ua
Olieliliix nf riai'ilniiellea,
lAi.N'liiiN, March 1. The tune nf th
Mioeli market liorn tn-iluv slmueil Im
tinivi'iin'tit, In v.wttiu'tit brulieit' fore
oKitlii;" tlmt the 0i. nlliK tin "t the l).r
il tin Hi's wmilil lu iiiK ii remuveil !nt
M.ent ileinaml, prnvlileil lint the ilnvern
lliellt ihil not hel7e lllii.tl the Victim' 44
i fainr.ihln time fur Kmiiiik a nee,- war
'nail
lllll i'rteil lllesltnet kOCtlrllleH
were MioiiKor, ,'Ulil th'ri' wmh Mime
Mtvlntr if Imitie ntlln Ittisilin Recurl
ten m,nilf(.tul il biihiI lltnlei lylim Imie
hut .l iimneni n ml I'lilnrso Isjui-h wer
Hliuleil Mines (mil oils si-ere trfinrr
Ami'i'lcatm were nulet anil, with th
ejreptton of Cuiuirtl.wi P.nMllr tinil Ml--poiiti,
KiiiiM.iei nnrt Texaa, prices wor
eeixifJlly lower.
$6,000,000
Lackawanna Steel Company
6 Two -Year Gold Note
raWYark
TO THE NOTEHOLDERS OF
BOSTON & MAINE RAILROAD
The plan for extension of this Company's
notes, due March 2, 1915, to September 2,
1915, under the terms, specified in the public
notice of February 15, 1915, is hereby de
clared operative.
Noteholders are requested to present their
notes for extension to J. P. Morgan & Co.,
New York.
By order of the Executive Committee and
Trustees.
J. H. HUST1S. President.
Bolton, March 1, 1915.
STATE OF NEW YORK
4lA Per Cent Gold Bonds
EXEMPT FROM TAXATION, INCLUDING THE FEDERAL INCOME TAX
A.MOOV1INI1 TO
$27,000,000.00
Isau-d ln Coupon or Ropistorod Form
Will Be Sold WEDNESDAY, MARCH 10, 1915, at 12 o'clock, noon
At the State Comptroller's Office, Albany, N. Y.
77. m ij the n'iw public salr oj S(V York $tae ..( Ihti' i niieiupiiinj
innii; the prturnt mtewhr idtr
rh' h.mds h.ive been nrerr itnte.l into tun elassoi. anil M.t.I. i-1 . n. n ..r" I '"'"
rli .irly In the proposal the rlsss of bonds anil the amount nnd imeefui e, n t t.l I fn . cup i
binds nrlne "iirtl ltiili'niiTn'illnnsofl,t4inianil rea-l.tcrrit tionils in di tiuiii' n onsof Jl.im '"'
IS mm on, 110 i4ki if), unit f.Mi.mi nn.
Class No. 1. $8,000,000.00 for tho Improvement of tho Erie, Cham
plain and Oswogo canals, dutod January 1, 1916, due Jnnuary 1, 19S5.
f4, 000,000. 00 for the Improvement of the Cayupa and Seneca canal,
dated January 1, 1916, due January 1, 10GB; $10,000,000.00 for the Im
provement ot Highways, dated March 1, 1016, duo March 1, 1005.
An the dtinii rmtmrrtitnl utore nrr nil TiO-'ear bnnh, l.rnrinij Pi per ernt tr:
(r'f, thf Comptroller will resm-r the rinht to allot to thu urernul hi-Wrr, finn'O .
nn.v or oil ti the abmc ihiiai t'n Clan Xo, 1, nottrithstanilii,n the .inci'tr is.'iie "if .
he ttatett in the biih
Class No. 2. $0,000,000,00 for the Construction of Barge Canal Ter
minals, datetl January 1, 1916, duo January 1, 1046,
Temporary rpreipts wilt bp ihstu-ii which will hp wchaiiRrd for tho pprmanetit
bonds when ready for delivery.
These bond are Legal Investments for Trust Funds
No Mils will bo iifci'plcd for losi than the par value of the bontw tmr uiilcsi
accoiupanit'd by n tifposi' of money or by a certified cheek nr bank draft upon i
rohent bank or truit company of ihn citioi nf Album" nr New York, payable i i
the order of the Comptroller of the State of New York, for at leaxt two l'l cent
of the par value of the bonds bid fnr.
All proposals, t nether with Die t-ecurity deposits, must he 'enlrd and emlori" 1
"Loan for Improvement" and enclood In a pealed emcltip dirci'teil to ti."
"Comptroller of the Stale of New York, Albany."
All tiids will include accrued intrrrt.
i lie t omptrnner reserves the ru:ht to
opinion advaiitaeenus to the ntercsU
Circular descriptive of these bondn anil of out' iiuulins ' re 1 u d
funds, etc., will be mailed upon application to
EUGENK M. TRAVIS, Stale Ctm.trollc Mli.un. N. I
Albany, February 111, 1915
Due March 1, 1917
NW York
reject anv or all liwi- wliu-li .ire not m n i
of the State.

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The sun. [volume], March 02, 1915, Page 11, Image 11
About The sun. [volume] (New York [N.Y.]) 1833-1916