Newspaper Page Text
THE SUN, FRIDAY, MAY 21, 1915.
31 COTTON ADVANCES ON SMALL TRADING ,nel "" Ml'nff Pressure Ilc (tpniiMltlf for rpttini in a Dull Mnrkcf. Kll-I.l I' ! ITALY'S STKP p'IIIiir pressure nntl iwn i'.-, t.mliinril wllli cotrlnc tiy wa1 shorts rcsiiUcil In :i wleaily nml At"" ,,m b.v more cneourairlni? to the bull forces. rival; reports ttlllnr. of corn recrntly Pluntcrl In arm of linns-tr. and Mis souri lmvltiR been washed out by tor Ifiitlal rains Induced nmi nr Us .t,nrt covrrltit;. Larpc commission houses tvfru on both sldrs of the list. Professional ir.ulrrs worn hcirlshlv Inrllnni hut re. spocte.l the bulgcn In other (trains. Coun- ii y nouses were moderate sellers on the rnlly. There was no urpent cash ricnmnrl. KXport huslnoss was nit TIia t.ul.ti.. rblcs from abroad wero nul.n firm, nl- ..v,un mumf inns tor domestic corn were linrrtly raised. Oa is Values nero not moved up very rapidly. h'clllhj; In tl.o contract mar ket was mIiI to bn of kooiI character. I I M 1 1 1 1 BliOrlM Worn In, .line. I ... ..... because of the ndvances elsewhere, but "lie oi me largo Interests sold freely. It was presumed that the pressure was based on weather rrimlitinns ti. jTnclnt m.irl.rt elrrday, with prices. Eti-ater part of tlin productnc country kAwine .i i"1' "f l"ul 11 polntm ,l", rrrrlved cniilous rains and crop no . .v rto.c llmlncs was in small " ... ""c' farm , . ..,1 l.iritel.v local. There was ,srxc" 'r "10 forr-iRn polltlnal iltaUoi ami soinn Incentive) for pur 'bi "'" f!'l!'",',, ,,y unacttleU ,ther coml.Uons, with shower pr taxri ever pr.i-lhally the entire belt. It dots "'it "em. hotxrvcr. thut thn nrlif "'""' ,l',xr ,"'"lu "" "1,tl,r" of iach pri"i,'"f 11 "ol la',',l for thm is'i'y aold out condition t.i Vch attention has been catlcd In thla lliin f'T Hie last few days. Sentl r,B 'irfi rry bearish tm-ntly n a' result of the rhook administered pillt.eal disturbances and the slnkliiK ,, h- I.iis'.t.ui'a, and 1liuldatlon has ' - dras'.'' and coiupletc. A bearish '...nreta' on Ins Writ placed upon at 10.t Hf prsc'i and iirn.lwctlve fe.i ,ir, Air .-! '""i" of oc 4,ottou ,11'ei" iirs .in- stlni.itlim exports 'sAtxtn ' '.",0'ln I'.iIiK lesa than 'itpmen'f of ' "' present season. ' Alt'iotiK ' t uo bulls h.ixo b.i'ii Riven fome 'en.-ouriKetwnt a tu the result ff Italy's probable enliamc Into the war i, bears are toady with some y.-ry trong arguments which p n pwstmlsUc ocetructlon. so far as cotton Is con-u-neJ. on such a development. It Is ar rad that there Is an enormous amount if totton In Italy with a Oerman destina tion. The port of (lenoa, Including shlpa la the harbor, Is congested with about ( 000 balea of cotton. It la assumed thii thw supplies will never reach Uer mny and that they will be almost suffi cient to meet Italy's needs for year, M Italy's foreign trade will suffer as i result of her military activities and ilomett'e requirement!! would be less Inn 50P.00O balrs. Italy ordinarily toriunies stoiit SOO.OfO bales. one of the local houses lecelved a jHe from Alexandria. Kitypt. statins htl tli acreage for the KKyptt.in crop ih'f e.ison will be approximately 1.100.011 fnld.ins. comparrd with t.HO.'iOO fedilatw last year. A feddan i ll are sell ne o il mi. n.,i. Tlirr,, was no export business reported cterday. l'n.lslons--Tho offerlnRs were light. Ilearlsh foreign advices telling of the prospective, uuctlonlng of fcO.OOo tierces V. Hrd 'n''on had no Influence. I ackers reported a fair expansion In lh cash trade. Hitcngo prices: Ojieii. nirh- Low. n. Prr. If.l lt.S 1 ' - ir?u ..Wheat! M.iv , Inly , fenifmtwr. Corn May , July .sMit ember.., Oals: May July helilember . I'nrk; JuU hentcmber. Lard: July S nlemb-r.. July N-ptrrnlier . s M'i Ml, i; n.s; h.ji !.s; fin 10.M Low et 1M ir:. IWU :ri :i UK M t; : 9.S-7 in .f is m is f; 11, Ti l ; 10 71 S'e.w Vork prices were; Open- Jllth What: log, eit, May July , Ill; 1W fJU 1H I.Ot, 4JI4 t :s U.'.A :s 10 CO 10. us I.ew. est. lln, 1I', THE BOSTON MARKET. Hostov, May 2ft. The mining ohares list displayed strength throughout to day. American Zinc, liutto and Su perior and Alaska Gold were active and scored decisive gains, with prices near the top at the cloc. Copper Range, N'orth llutte and United States Smelt ers wero the mosf active copper shares, all closing higher. Industrials and rail road shares were dull and steady. The summary: MIM.Vfl. Opn. lllg-h- Low CI o. irg est est in .... :'j 2'i ...,J1 KV S9 .... H 834 .. JV !. 1 Sales w Artfenturs 17 Alimrek . t.v.j AlmUa ,. t'fl Algom.ih !!. Ailntiri . to Amalgamated (0 Amalgamated .. eU 5. 1UI Amalgamated rts 1 Me 1 Vie I 1J1.U Amrr .ine 4'i 47S nriinnn t.nm, ii nrio ii'ittf a sup ,, cs IW Csl'imet fc Arls , 1 Csl'imet Ik llerls.lv. 10 Centennial UV Chino 41 lies (.opper tlsnre.... M .e Kant H'llte.. .. SSO snllln toi (irinliy 75 Jireene Canatiea i-i inncoeK Til, ;s et 45S tT.M an, s.wi ' . i to. 4? ' to Clo Int r.t4 in :i II 11 f en, tin, e?" 4 :j '4j THE COFFEE MARKET. Ratltrr Fre Price Flnctmate fferroaalr. Coffee future price fluctuated rather nervously yesterday. The opening wit higher, after which there nu a alight reaction from the high level. In the afternoon active selling by the large In terests developed, which sent active months 7 to II points off from the biet prices of tbo day. Toward flip close some buying support appeared and thero was a rally of 5 to 7 points from the low. The market closed steady, with prices unchanged to 0 polnta up. The i local stmt market was dull and easier tli Isle Kotslo.. 44 l.ske , K". I.s Sille ., 4S Ms Con n Mayflower tr Mlrliirsr, JIT Mohawk ;r. svw Areadlsn.. II Nlplislnr 1011 North tmtte., 41 North Lake.. ,. lioi I Dominion.. ! Q'ltniy 10 Itiv Conolldted Jit Ssnta Vr t". Shannon iv) )haitiiek . '. ? Mary1 Lsnd.. (4 im Jiin I!ntnn.... m Suprnor Copper.. :S 5; Tsmsrsek , H 111. Trinity fi! 11?" I' melllnr .. MiJ !! q.Smeltlnr pfd. 41 1S, i tsh Apex ;v 130 I'tali Conolldated i: Uh cfttr fl ino vinnrla ;i :tn Winnns l ri' Wolverine ... . r, f.'. llotou Maine, ,14 ij: n v n it i n M Hutlsnd pf. M MISCELLANEOUS JS Am AtT Chem pf livi tH4 AlIlQaKPS- , (3 ps w Am sugar 7is 70 W 4 u 45V4 em m 10 101, :i' :? i . t t 10 es in. " M M :s M4 S4 :s Ml r.i, 7 4', t: f4U :'. 4U f II s "Hi l CI lli 1 4!"4 10 ::H :4 IK :ia it vi 14 6 l'4 ' I0S ?S (I :t 5s ;e (4 :.u I44 RI, 4-. .!" C4 :'i 4 M .11 : M 14 13 214, -0 a M 1 4 eu u'i 4.1S u5 . t4 i: 'i it' & l :j :s 'i r.'i :., 4" 4' M S4 .11 7i C-C"4e-eK-X-eeCe4 S Benjamin Franklin says: ; ? " Jew may delay, but time will not." C vFUCERS of Corporationi who ere contempUttng the lenience of V-e new etocks or bondi are invited to consult ue In regerd to our services as Truilet, Rtgiitrar or Tramftr Jgenl. The location of our New Vork Office, in the heart of the financial district, f provides a convenient nUce for receivine and deliverinu ilctk tirtifitatti and btnat, while the experience gained by thie Company during the past twenty- k seven yeire in acting as Fhtdl Jgtnt for corporation enables us to render s . . ii! . . ! i it: j..Mt. , u. eincient ana imeiugcni service w iihuuuhk uuuiuij "uun. It I AttblSIItU IBS, WESTINGHOUSE ELECTRIC & MANUFACTURING CO. Franklin TruH Company 2i A'rtu rrl Ofmi 46 Wsll Sttret 2 Mth Of in l Monrspie Street f'ulim Si. Ofict 1 $69 Fulton Street (Summary of Annual Itrport.) I'lttsbiirah, Pa., Mar tl, IMS. To the Rtorkholdsrs of Westlnghouso l.loctrlo A Manufactur ing ('run pun v: . Thn Hoard or Directors presents the following report of the operations of your Company and Its subsidiary companies for ths ilscal year ended March .11, 11115. together with the usual financial Matemcnta as of thnl dnto. The. Income Account for tho year Is as follow: s.rois l arnings: hales llilloil Cost fir Sales : Factory (ot, Including nil F.i nenilltme for Pnttnrns, Dies, Now Small Tools nnd Other llettormnnts and Intensions' nlo llcpierlatlons of Proper ty and Plant, Inventory Ad-Jnstin.-nte and nil Selling. Ad tiiliii'trntlnn, (.eneral unJ De selopmcnt Expenses IM.07t,4M.-7 3l.IM.073.73 RAILROAD HEADS URGE WEIGHT PAY FOR MAIL LAST REPORT ISSUED BY AMALGAMATED CO. Oppose nt Mr ptlng TIcro "Spnco IMnn" of Post Office Department. ia Amer sua-ar pf. C7 Amer T A T 1H'4 111 .....iuo iny id ?f...ii5 11s ne 11s 6 Atntr Woolen nf.. uk A O I pf llV, 11 Oen Electric tsiC HI ill S4H lVs 14 14 Ilk 1IU 11V, leiH uiu uii, 7C5 7 74 .100 ,.1M . II ,.104 VnilAr,.,!.. Id tlln " - Tf AM . . ... , .. 1. , "tin ,j. , 1 u -'ir it equivalent to i.i'" acres, mr r.um-- 7i40. nml Slltlt0!l tH ?a;, inc. Offers tton amounts lo a little more than Jo j of nins In the coat and freight roar er rent Tons derable damage Is feared ket wer ,5 pol1,g e.lslfri IlIo 7,, werc 13 Egjpt as 11 result of the depredations ,U0e(. K.o6.7.r.c. and Ss, 6.40c. Santos t the ptnU boll norm. , orterH wpr8 unchanced. t.iirrri .rK rtrnl I Ilr.i9l1lnt, n,l.-ta i.-apa ...Iiif.1... I llrro1r Open ll'ch Low Clns IVer Itlo is and Santos 4s were unchanged ' jlohVnili '0-i' a'"' 5uo respeosiveiy. 1110 i".;Y. I..' and Santos receipts totalled 18.000 bags. sitw .r.s' Sao Paulo had 6,000 and Juldlahy 3.000. in V, . -. H MeKlwsln p M Pullman , !4 nee.-e Ilutton ,, 1J Swift A Co.... s Texas Co MS t'nlted Fruit .. 441 t'nl ho Msh II t'nl Shn Mvh nt Hi 1' S Steel M M 10 I' R Steel pf. lev; injVi BONUS lU lot 1M If 314 UUj II 1M 104 ims ms im I8.1 u: 101 At a meeting of railroad executtvea representing 00 per cent, of the en tire mileage of tho country yesterday at the (trim! Central Terminal the question of the compen'atlon paid the rallroids for carrying the malls was dlsrii.ed. The position of the com inline on railway mall pay In ad vocating that the system of paying the rallroada according to the weight of mall transported be retained and in opposing the ao-ealled "space Plan payment, as advocated by the Post Office Department, wa unanimously sustained. . The reform of the prenemt law artea by the committee on railway man pay were siso unanimously aupiurs. aa follosvs : (I) That th. malls be sralflUHl pV readjusted at leaat encs fvery railway mall route. Instead ef enee VOn Am TAT 44. 100O) N E Tel t .101 101 (Ml, 101 10; 101 THE BOSTON CURB MARKET HosTov, ray 20. The closing Boston curb bid nnd nsked quotations: AlramHo Illy Mate 5a 1T I 'If .. 'n . !w . .ill 1 4-rli ft s 41 et .sa ! .14 :; .n 1 34 is.u J7 It, IS 1'T 71 ll.nl Clos inc .1tl ! 1 r.str s n ?iw !.. .7vti5.')i Prices were: lO.Kttl'UI li.nwio.o; 1 " io.:uno-i io.a:.aiomi io: 10a io.4itrio.i; io:i).m I June Spot cotton at New lork was quiet, j poln's advance. Middling. O.T.'c. t Julr. I Auctiat j Vntemher.. iirtoner.... Hlrh-est. Iw. rat. ( 4K i'ii Clou- Prer Inr. close t.ri Njuthfrn spot markets were unchanged.) v. '"',; ' 15 points advance, with Mw 1 Deoemher... Houston, lo po: Orleans Sc. C.alveston '.'.10c, Savannah 9c. luiuston 9.16c Augusta 9.13c. nml Memphis 5. X"c. Th Nu Orleans market closed r.udy Prices were xr My 01 . .'10 .. Opn. HUh- Iy- 'S 9 1". s :i s u s ?; S .1 ! TJ 9..') , -. 9v9 9 ill 9 '3 K C 1. Clos Inr. 9 i bid 9.43tr 9.1) 7:ir 9.7 i.fMt 9 90 IO.01 1J lO.i: Prer eloe. 9 mr 9.15 :itf 9:; 9 i'.dr 9 : 9.7ttt 9.73 s.ntr 9.vi January Kebruary Murrh April Tola) sales wero . .U 5.VS) hit. l t.ti .; .o . i C.S7 C 7.1 4.79 I. S3 I 93 THE SUGAR MARKET. Tbe Liverpool marUet opened quiet. Thre was u modrra'e busliiess In spot oilon. with mldilhng 0 points ndvanco f.JTd, S:iles. 7.000 bales: receipts, i!,000 b.ilett, IncludlliK 6,i00 American. I'rlres at Liverpool closed steady : Onen- llitlf Iw- Clo. Prer. Inr el eft nil cloe, VJun .. 1. 1!1. S.13 R.ll'i R.iT'i t.09's 'nl; a: r.731, s.: r.sij r..:t 0 Nov r 17 r. rr r. m r.i (..us v.t. . r. s.Mi l.Uj r. s.", i.M Kinl April.. M'i .'.S'l '-MW fc-1 Eel en A. M. bids to Liverpool were: Mny, J :s. ; July, 9 HOc. : October. 9.86c. : ' unary. lO.llo. Tho market there Is .e to open t.i-day 1 to 5 points ad usee. Ilire'pts ami stocks were: Tie- I.n.t lost .Tints e.ir StneUs. year c.ilrf.tnn 1.401 3:!.S1J 1R3.S4C, "' Or'.ans mi .1.717 :il.l.4 llir.li.ih 1 LSI lis S3! I .11 fi1 C3.3ST 4.319 ir',ik ' MJ tl.H1 :.3! H s' '.cton 1 ".I 'V.11 JV171 si'.h . . l.:99 :3,7:l 16.373 Iteporleit Advance of It r lined One Company to 41.10. The raw sugar market was firm yes terday, with sales of f,0,000 hags of Cuba for May-June shipment to specu lators and refiners at 4 S9 cents. Tbe Howell Interests took 20,000 bags of June Cuba nt 4.9." cents. Itoh.mla HoMon KIT llutte ft Ixindnn Calaveras Champion Copper Chief Contollilaled I'orlei Cornells Con Arizons Con Copper Crown HeeMe Darts Dalv Kails k Itluehel! Virst National llouchton lion Illo-om I.s Ri MftU.tl.. ,77 MeKltiley DsVrach I. S3 Mexirin M-l.il Mines of America 1 New Hiltlc , Nev.n1.. Dourlas I Ohio Copper i Onf'o South Lake Meuart Mlnlnr I'tati Metal- I!nllel Verde Eatenslon., Yukon Ooll IS .: 11 v c :i (.41 .HI S C.73 nd . .11 . 1 . . :j ' '2 . .10 . .7.; 1 1 3 .13 IS th 1 2 I IS 414 101 1" It 111 ...n ratlwav M.' I . . A. ......I l.'I it) Thst the railroads ts paid cai 1 -.-. - a tta ntiir nr ramrrTiiiai ui" i'H msl!. between railroad stations ant post 3 That Hi rsllrosds be paid for apart rr.fnt po ri,r" ,or whirh ,h pr;",V law aPows no pay. nn a pro l with the compensation for full ral.way post orTlce cars. Howard i:illott. rre.ldent of the New York. New Haven and Harrford Kail road Company, acted as chairman of the conference. The following resolutions were unanimously adopti 1 : Ttejolsed. Thst the position of ths com mittee on railway mall ray has the an proval of the representatives of tha rail rot.ls presnt at this meMlne. and thst Hie rallw.iva of the Cnlte.l Stsiea con tinue to itlss their united support to th romml' n U efforts to secure to tha rsllwax adeo.uste compensation for trans portlna ths malls. rtesolsed further. That we believe the KO.called space basis as proposed In ths lait Conrre In wrong and susceptible In practice of crave Injustice to the railways In denvlng payment for ervlce renders 1. unsolved further. That e lmlori.e the ! es of the coninltleo on the superiority ! of the eilitlng weight bisla. smendt.l h) Hiinu.il uelgblng. p.yment for apartment iar and payment for or rellsf from side I nr lermlnal menicer servlc. 1 "Ite.oHed further, That the romml'.ea 1 on railway mall pay I- urgol to contlnus lt work on thla luels. sml to ak Om I uresa to enact a Ikw that will give ths 1 Interstate Commerce Commission the same , jurisdiction over the mall traffic that It has oer all other tragic of the railroads." Hvecutlves of th!rtynlne railroads I wetr. present nt the conference. Aked. sr. .1? P. .s: .:i .11 ,o .11 10 .S7 . 1 VIS 1 '-16 :n 31, l's 4 3 ! Surplus of $422,3B:j Is Shown as Result of Reduction In Dividend. Net Manufacturing Profit Other Itirome: Interest nml Discount I)l blends and Interest on Sun dry Mock and Honda Owned.... Miscellaneous lloyulties, cto Cross Income from All Sources., Deductions from Income: Intercut on Honda and Deben tures ,, ... I ......... . .-' 1 . .1 I V .. . . . .Mli'imb mi 1 Ill.ltl.'I HI .ill'. . Int.'rest on lion Term Notes and Mortgages, .... Proportion of r.jponeos Incident to Note) and rtond Issues, . ., Mlsi-fllnr.eous and P.ttraordlnarr Ktpcusua ... s)a,tna,4ii.S4 i44T,l7g.3t sa,3S9..1 JS, 109.00 ,.$l,05.1,SO0.4l ZOO.SSB.M I.IW.SW.ja. I3.7I0.91S.90 44.MO.S4 s.jns.ns .w.oai.M i.7n,i4.7. The last report of the Amalgamated Copper Company was) lssue.1 yestenlav. liecause of the forthcoming dissolu tion of the company, to be voted on at the annual meeting June 7, the report covers the sixteen months to April 30, 1915, Instead of the cAlendar year 1911. Net Income for the sixteen months whs 17.347, 5S, against M, 871.799 for the calendar year 1913. The reduction of the dividend from $11,041,(192 In 1913 to 16,924,955 during the period re ported on enabled the company to show a surplus of 1422,8113, ajralnst a deficit of $1,669,783 In 1618. From and loss surplus at the end" of the period wan t21.753.lS4. "From January 1 to th 4hut of thla report there haa beon a marked and steady Improvement In Uie demand for our metala, and In tha prices realised for them; normal production haa been reeumed, and the prom'ee for the future Is very good," fsiya John D. Ityan, president. "Prom August 1 to tbe end of the year 1914 the metal markets of the . world were severely and unfavorably affected by the uret In trade and com merce generally, and particularly by dif ficulties encountered In exporting prod ucts; prices were at lower levels, than have been known In recent years." In speaking of the dissolution of the company nnd the future operation of Its properties by the Anaconda Com pany Mr. Ityan says: "The mines are more extensive and of cre.uer promise than nt any pre vious time; the reduction works, with chances being Installed this year, will be In the best and most modern con- j dltlon: ine lumner ana com hoiuiiiks are mf great future value, besides In suring our own supplies at reasonable Net Income Asallalile for Divi dends anil Other Purposes 13,009,744,18 The sales billed for tho yetr show a large reduction as coin pared with th previous year duo rhlelly to the unfavorable business cond'tlona during the petlod, but partly to the fact that from Juno Eth to Jtilv l.lth. 1914, the main work at Kast Pittsburgh, Pa , were practically closml by a strike of the otwra tlrs, Thn reduction In ivilo Hilled largely accounts for the reduction In Net Income, hut It was ulso affected by the condi tion due to the strike, All of the extraordinary expenses caused hy tho strike, as well as tbo factory and general expwieoa dur ing the strike, were charged against the Income for tho voar (Hern follows. In printed report, a condensed comparative state, merit of gross earning and not Incotun for tho past six Ilscal years. ) The value of unfiled order on March 91 1915, was ,05I,410, as compared with I7,.'.l.3si at the close of tha previous year. The overage number of employees during the year was I5.I4S, a compared with an average of Is.O.ti during the previous year The surplus as of March 81, 1914, 7.59.I30.0J. was Increased by the Net Income for the ynr and by miscellaneous credits a shown In the statement of Profit and loss, to a tiros Surplus of 19.751,427.58. The latter was reduced hy charges for dlvl dends derlared during the year on the preferred and common stocks tl,707.:59, and by miscellaneous Items aggregating 1170. 788.69, to a Net Surplus of 17,473,411.97, as shown by the balance sheet. Assets During the ourrent year the expenditure for new equip ment and for extensions to buildings, resulting In an Increase of 3,6oo square feet In manufacturing floor spaoa, were ex ceeded by the depreciation charges, so that the property and plant account again show a (focrc-i) Irun thi iiciini4 of th preceding vear Tho only other change In the Asst uctmiIs that call fnr special comment Is that pertaining to hit ost ni'iit After a careful examination and ni nra,il of tho nssot of The Westlnirhouse Machine Comnan , voir Hoard o' Diroo tora authorized an offer to the stncklm dors of t ',it companv to escrmnga their holdings lor the loinmon ..k 1t.11 stock nf the Weatlnghoiise Klertrle A .Mntiuractwriiu- minium . nn thn basis of one share of thn latter for three si ires of tin- Mnrhlno Companv More than ,Vit nf tho 11111 .,uiu, to. K of I Im ostlnahotiso. Machine Companv was m euhatii:ed Hils transaction almost wholly accounts lor the increase In 4 our Investment In aubeldlary and allied unn. miles In the I Intel .Stilton The main plant of thn Machine l ompntiv admin tho main plants of your ( ompimy at Past Pittshi.ruli. P'i , nml It also owns a large foundry at 'Iraflord ( iti ncir l'.nst Pittsburgh, and a plant nt Attica, New Vork Km imuti wmlticts of llm Machine Company aro sold l,le(lv ,11 i unction with tlm products of your Company Your directors heiiotn ti.nl tho ownership of this larc.i controlling Interest m thn inpttm storU of Ihe Westlnghouso Machine Lompatiy will pnno of mUaiiUgH to your Company Your Investment In the capital stocks of the Soelete Ano nyme Westlnghoiise (Kronen Company) were wild during the year to The Hrltlsh Wostlnghouso r.U-i tr. ,t Miuiufariurlng Company, Limited Payment was re.ev,l In the form of other eeeurltlos on a basis that your ilitci tor bollovowlU bn beneficial to your Company Tbo Hritl-ti 1 ompain now- own the controlling Interest In thn Krenuh lump.mv, nnd through tho latter thn controlling Internal In thn luium Company. The war In Kurope has delayed tho eonitiletlon of the llo.ul. datlon of the Htisslan Couipatiy, but much the larger proportion of the amount estimated to bo received irom tho liquidation haa already been remitted to your Cutiinatn The Increase In cash balances, nnd thn decreases In accounts and colna roeolvable, and Invontorles, rullocl thn decroa. In the volume of buslnes I, labilities. The Increase In the outstanding common capital stock re sulted from tho acquisition of the eapl'ai eto.-K of Tho Westing house Machine Company, to which reference: has already been made. A further large reduction in the indebtedness nf your Com pany has been effected during thn ycir I'no Issues of noj lateral notes .segregating llW,on.) nere pai.l off fi-oni 11m pro ceeds of the sale of securities, chlo-'.y of the .-.crnnton .1 WtlXe Harre Traction Corporation, to which rcfrrcucn wis made In lont year's report ami which sale was consummated during the current jn.ir. The Six-Year, 5 Notes, 147.1,800 Issued In 1 90S, matured and wero paid on January I. 1918. I'liem l 110 provision liv which tho pavment of tho riftecti-Year. v Notes, os,7:.o, due January t. 1954. msv be antlclnated The book and accounts of vour ("orrp.itiy and of Its sub sldlary company have been audited by Mess- llnsklns .t Sells, Certified Publlo Accountant. l'helr re" '. ,tt appear In full In the printed report, PI.NSIONS KOR K.MPI,OYKV.S Tlie Company ha this year Inaugurate! service pension sptem which Is designed to provide a per -isnent Income for eligible employee upon their rertren cm. ti.tur proper and reasonablo conditions aa lo age and term nf service At ihe death of such pensioner, benellts aro extended to the widow, and to the children under silicon years of age. A number of unusual conditions arising during the reat called for the exercise of special effort on tho part of the offloer and employee of your Company, and the Hoard of Director hereby acknowledge Its appreciation of thplr loval co-operation and of the efficient manner In whloh these conditions were met. By Order of th Board of Directors. CiUY P.. TIIIPP. Chairman. Consolidated and Condensed General Barano ahAt. AJMCTfl. March tl. Ills. March tl, 1914. Property and Plant 119,887,870.78 $30,084,598.38 Sinking Tund 987.43 454.30 Investments 17.889,09.1.89 18,877,431.84 Cash. , , 8.9K0,8)9.S9 S.84.1.733,47 Note and Accounts Receivable.... 9.4,ss.si i:.sjs,m7,ro Working nnd Trading Assets t9.807,705.P. 14,884,041. 4S Other Asset 8,938.801 93 7,rV),tiS4.32 Total Assets ... .I78.437.S74.97 $79.73S.73'.78 LIAfllMTIFJ". March 81. 1918. March S1, 1914. $3,99,700.on $3,998,700.00 Capital Mock : rreierrei Cninmnn Issued.. 3.718.1 37.80 Held In Treasury . 1.3til,nS0.O0 8T.338.07.80 95,199.337 ,50 $41,338,787.50 $39,191,937.50 March 31, tits. Itinded Debtl Convertible Blnktaf Fund, 8 uoia nonas, aue Jan. 1, 1031: March . tats, Tr. . .. 1 I a 1 . , .nuw.,, ..... , ..,... , ltetlred through Hlnklng Klind $4,390,000.00 Held In Treasury l,383,noono Tntnl OntatnnHIn?.. Bonds -Walker Company, duo January 1, 1918 ,$3S.ono.ooo on B.853,000 00 $19,4!s.iW).oo $i9,i;),ooo.rn 850,1100.00 880,000 00 Total Punded Debt t30,39ooo oo !30..l3fl,ono ry Collateral Notes 2,7I0.oi)oo 7.330,nno.rn long Term Notes,, , 9.7Juno i..i,2.i0.i Heal Kstiito Purchase Money Mort gages 210.000 0") 411,000 01 Current Liabilities 3.70i.ini;,., .iA' l,8si),-.i lleservn , At i (i . 719.74101 Prollt and Iss Surplus 7 i7i in 07 T .ivi.l.ino, Total Liabilities.. .J7S 137 !"l 07 f"9 71S -.1 Cost. Tour director believe that the In terests of the shareholders will be ma-,, terl.illy nnd Immediately benefited by the j dlsolut!on and the consequent exchange I of their holdlrits Into the stock of the Anaconda Company. Total Capital Stock . . Consolidated and Condensed Statement nr Income and Profit and Los for thn Year Knilcil .March :n, I'll.-, Net Income Available for Dividend and Other Purposes, as Detailed In Income Account $2,009,744.15 Profit and Los Crrdlts: Profit and Ixs-Surplus. Maroh hi, 1914. $7.est,iso.os Miscellaneous 83,553.33 7.741.83.38 Cross Nnrplus. $9,751,437.53 Pro tit nnd Loss Charae: Dividends on Preferred Capital Stock ., $379,000 no Dividends on Common Capital ."stock t,i37,r.o oo Depreciation and Adjustments IN.MI 441. 49' 98 Miscellaneous 1 3t).3.',7 r.0 Surplus. March 31, iniB, per Ilalance Sheet . 37S.HI5 81 f7,478,411 vt BUSINESS TROUBLES. 1 NEW GUARD FOR ROCK ISLAND. THE CHICAGO MARKET. CmrAoo, May 20.- im.. ......... 'i,'.. .it llnued dulness, price . it', it.tiii.. iidinci lull,, null nil i , ,, , , ... , . . , in.ur..,u a.iri,, ...... . i,.. i day. Sears-Koebuck, I nlon arblde and Kranulated. It was reported that the Pennsylvania Sugar Heflnlng Com pany of Philadelphia rali-ed Ha price to 6.10 cents. There was a moderate de mand for withdrawals on contracts. The sugar future. market at the CofTee Exchange was nctive and firm. Total sales wero C.210 tons. Prices were: niih- Low est, est. far June lOOs:, Julr SI..J" i AUCUIl, tsufton Si 1. 11, t stocks nnd receipts were: ! Ill -1 1.1M III 1.311 K.sttmaleri port rnvipta to day. 0lT.toTi I. v) to ,.rl Nw Or. ant v) to l,tv llxtioits M-sterdav. H.5S9 hales. '' 'hu lar this season. 7.599,296 bales, JV st S , ,i,071 bales labt year. 93.478 1I1.91S 107.37J :9.6S1 Last week, 317 1.319 78.007 5s.:n :.!: :s.3.15 Last year 1.0V3 3,771 To- THE GRAIN MARKET. Whrsl llnlllea Crop Complaints I'lrnier Cash Mnrkcts. Msx'mutn advances In wheat yester iy were about three cents :i bushel. These were registered In the near poal "ns of the Minneapolis market. A fr'tpt b'e firming of the caah wheat l:uat on (i i ,nUi It to Impart stability to ,l ge- ;i market. Th'r were export purchase of ap f"i ir i r.OO.OOO bushels, tncluillng 'r?e nuantuies of American sprinB "a' A i pugh the May delivery at J.'agi ' .is int exhibited tho recupera 'ivs power which many bulls on cash wht rspe. ted, there remains nearly !x weeks before the expiration of thla 'il crnp s. as ,n Thii i Me speculative ahort aid In hsst I bcinme inngested was iren '.'v .i im tied Ttaders were taken ; bcaiiso nf the Initial up jrrs i. riiay and It was evident that '' " ' ' em did not relish the fre- .-pirts toward a hlcher level. menus pi uflt taking nnd sell--ei iiartiy on tlin cables preoaglnK """'tient entrance Into the war, itllced to check the advancing (ronovti "tr.r' ' l"'"SW I '""I'sr . re., It-, r ''OU-' ( Uf I Itlf, t . 'ta!v s SM. T'e urauied technical position of the f Innably explained tho more I effect of the renewed crop Thero waa a report front h vast amount of wheal In in men ruined by the lly dep Vuoilipr wire from Kxpert I.a tioned the nosslblllty of a "'renin - ,t it rust developing In Kan ht'H.jsr of exceaslvn lalus and ex ltd ingher temperatures. riirMirr rams were shown In parts of .! w pt wheat Ktateji. This preclpl 'Mlon, w-'ii f,.w exceptions, was re wrdsd a- H.iliitiiry to the plant. Hella (' N irihwestern authorities again re 'rred to the 10 per cent, urea In fJ'J'e 'o tho spring wheat region and "ithly fivorable start pf tbo crop. The Miourt Htate report fchowliiB a wnildnn of us. against 80 a month ugo, " r'eiil.ar market weight yesterday. A' soon us the figures were published nr.B Ihe hte tt tdo (here wns n natu htill .ii response rriulvalent lo Hi ft trade had Just grown excited when r."' ll,l,t "S'irea merely rep . j'''1! a private guesb and values re. il Hgnri It was subsequently ex "na that the report wavi really offl 'i. put it was In the naturo of a fjclal eompllatlon. -orr Tl.ti action of th market was September (litober November December January Pcbruary 4.04 4 14 4.18 4.14 4.13 4,11 Clot Ins. J.'.M 3.97 4.81 4 13 4 17 4 1.", 4 S4 4.1 1.75 3.70 Prer. close. .1 3.91 4 01 ; l.i 4.U Sl.lt " 4 la 3 91 3.73 Despite Hie con were firmer to Chicago Hallway first certlllcates showed mo.lerate gains. The balance nf the list remained steady. Pond mar ket unlet and prices easier. The sum mary : Open- Itlf h- Iivr- Clos. bales Inx 1J Amer Itsd pf ,.jis 10 rnicnirn lt.v Ser 1 7ij 33 Mont Want pf ...111 Ousker Oats pf.. in.vu :i seus Itoehtii-k .. li, 6."; Stewart Warner 3't 74 Swift li: in I' S Fteel.. 134 Pnlon Carbide I.MS PONDS ITOseCnm Edison ts,.lMH 10 Chicago Ky ts, .. 9is. 3"c0 Swlti Cs M est. 13 ': in lflf.'sj 134 1, K's 1541, 1(1(1 14 94 . ! est. 13 .7H 111 ILMi 13!s S.I ii7; r.3's In 134 7' 111 lMH 18l, Si, lA7a K IM', l.MS IM 56 1M :.i. JO INVESTORS BUY IN LONDON. (tilt Kdurd Section Nhnsra Alans of I.lKht Demand. Ixinpon. May 10, The markets were dull, but with a generally steady tone. The gilt edged section showed signs of light Investment buylnc. Home rails were easier because of the laiior out look. Mexicans were conspicuously weak, but Argentine rails did belter. Husslans drooped. Oil shares sagged, but rubbers con tinued firm, There was little trading In ' American Issues, and no feature to tho market. THE BALTIMORE MARKET. C0RTIS FOR MARINE PLAN. ! Oppnspr of Iterrls-er l'nvnrs Tteor- ' arnnlsatlon Propositi. , A. K. Cortls, one of the large holders ! of the preferred Hock of the Interna- 1 tlonal Mercantile Marine Company, who opposed the receivership for the com pany, said yesterday that he favored tha tentative plan outlined for rcorK.iiilz.i- , Hon. This Includes the cutting In half of the 4 '.j per cent, collateral trust bond Issue and the preferred ttock and the elimination of the com-non stock. Mr. Cortls said that l. would oppose any receiver's sale of the property whlih did not provide for tbe Interest of the preferred stock as well as that of the bonds of tho company. The plan out'lned, though tt haa re ceived no ollli" .,1 sinctlon, would reduce the collateral trust bond Issue to 400.000. The only other fixed obligation would be the $ 1 7.72S.OOO 5 per cent, mortgage bonds of the International Navigation Company. The capitaliza tion of the company would be about $53, 000,000. on which there would be the possibility of piylng a modest dividend. NATIONAL WOOLEN TOHI'M. 7 Irvine pla.es. maite n assignment to Conare-stnan Henry M (lol.lfoaie A 1 petition In bankruptcy w also nisa i.jimt t by rreoitors rne ramp .is -. , ,,...S IS 1' Another Committee Formed to Pro- tert Bondholder. Harris. Forbes ft Co., who marketed a considerable amount of the flret and refunding mortgage 4 per cent, gold bond of the Chicago, Hock Island an 1 t....i,i i.iiuvnv riims,inv. announced yesterday the formation of a prolecUvoi comm t'eo to guard the Interests of th" 1 holders of thesti bonds. The commltteii will consist of Charles A. Peabody, pres ident of the Mutual Life Insurance Company, chairman, Allen H. Korbes of Harris. Korbes & Co. V A. Day. pres ident of the Kqtilt.ible Life Assurance Society. A. J. Hemphill, chairman of v,. 1. ..nr. 1 nf rilrertnrs of tho Guaranty Trust Company, and Albert V. Il.irr.ls, president of the Harris Trust and Sav ings Hank of Chicago. The April 1 Interest on the bonds was paid when It fell due, but tho commit .... 1. m nrnt.tt the Interest of ire is ii.i, in-., ... ... - - tho bondholders In view of tho fact th.it tlm company has consiueranie interest obligations and equipment maturities to meet between now and the next interest date on October 1 of ibis ''.'ir 61. 41 Sltj 33. THE PHILADELPHIA MARKET. riliLAPELriitA, May 20. Traneac Hons were light on the exchange here and Prices were mostly unchanged. Cambria Steel was on: '. FUt.TiMonE, Mny 20. Quarter point trains made by t'nlted Hallway stock, Income nnd first 4s. Cnsden and Way land Oil were easier. Tho summary: Open. Illxh- Low. Clos- saies ink-, (st rat. inr lei 1 osnen Ki (ierman-Am Fire. 41 10 Maryland Cas,... PJ 341 t'nl It A K Zt't Vt Waland OAR.. 3i I10ND3, IT") Charles Con E 5a, 94 l.'.O Oily II 3Ss, '30.. 9ii 1lerity Itsll 4.'M.,av, f.) Cotis Cos! fs,, .lfrti, Iftia Maryland 4s, '34.. Jt't tru.i N O M 4 Chi fs., 39V. lisn Pnl K I. P (i,s, 91 si U..") t'nl H lc K 1st 4a, M wvt 3(i I'ni It Si K lnc 4s lt (,3t MERCHANTS ELECT OFFICERS. coal llroni. filed 40 I4 4 m 98s, 103V, 94'i '4 41) 8H 33S 3's 84 )IH MV, 10)1, 4ls 3SI, 91 ms: l. man. w no iii-o,vr... ... - - . tltlnn In bankruptcy; lUMIItles, I7.JJ1, ISs'ac'haCS.. carpenter. 313 Kast Fourth 1 .i?..t 11 e. n nrtltlon In bankruptcy. llalillltles, l.9.:5i no assat" viTiiiiiVANO V MOllHIfON. ."I A Vlurlnn uvtlll e petition In bsnkruptrv; llabllltle. JI0. ",l n..et. $910 Of ihe lUMIItles nbniit fS.nas Is nwe.l to relatives AVIIOV KVT.INOW1T'.. barber. 48 Mentgemery street, filed a petltlnn In bankrupte. Ilabl'ltles, 11.435, no as- Itli.lF.n rl'TTINO, dnrtnr. 305 West Forty, tlfth strest. fnrtner'y nt impbeii. r. . tiled a petltlnn InJ.iinkruntry. liabilities, ' ?. ".::.,."."..,..,ii ivo 1 - . .. .. .cii v 11 i.i.n l.t 1.111. 1 1 11 ' . n 9'is, ,1 ainrgan sucrerun iiiinm a. .Marnie. .tore, Chappiinua. nle.t petition in 1 hsnltruotcv. laDllltier. n."i, W. r. Mnricnn President of A aso clntlon Macceeda W. A. Mnrble. William Fellowes Morgan, president Of the Hrooklyn Hildge Freezing nnd Cold Storage Crunpnny, twas unanl- I mously elected president of the Mer I chants Association hy the bonrd of di ll, rector nt It meeting yesterday. Mr. ; : . 1 THE PITTSBURG MARKET. 1, I The other officers elected were: First 1 bankruptcy, llabllltl ;' vlce-presldenr. Albert Plaut. president' 1034. , , . . . of Ihn ft Kink, to succeed nanlel P. ,! ''"' ...., ,a Morse of Morse & Rogers; second vice- JOlIN n'"lln'r ver 7r John president, Waldo II. Marshall, president! t'h" grocer, i 303 Hlghth avenus of the American Ixicomotlve Company; rrtlttnns Dismissed. lllirn v.ue-iirci-iuoni, leniin rj. t "lerson, , .(ATtnTCF nlCHMONH Ml SK ' CPMI'SM president of Austin, Nichols ft Co., Inc.; jiidrs" Hough dismissed the petition In 991, Mil, PiTTSBtrRO, May 20. Crlclhle Steel 1 Issue were strong., (he rnnminn .hnn,. t'nlted (las , tnir more nctlvltv thrrn for om tlm. Improvement gained 'a. Philadelphia T, general market was neglected. Tho Klectric and Klectrlc Storage Mattery ! summary : were ', higher. Sales 30 Alliance Ins,.. JOO Amal Copper... 1 Am Oas N J... 175 Ilaldwln Loeo... M Huffalo k Sum. 171 Cambria Steel.. 100 Ches A Ohio.. . 1 Cons Trae N J. 370 Chi It 1 Pc. 53 K.lee Storage,... II Ins Co N A 330 Lake Superior The summary: Open Hlrh- Low. Clns in:, est, est. ing. . lb 11 . i:,i foil I'M 47 11 414 ni 7I 3P4 51 :i' 4S II 4l, 31 74 31 H SPsj 71, 4 Norristnwn caih.lW'i Hs' 134N I3ii, 3 Norristown lsij 13si jjni, It: Prim It It .'.3'j a MS .w, 3S I'rnn Salt 1 90 !) !.l 4s Penn Sleel pfd, ..50 M M .'o 41 Phlla Klec 344 3Pi 31 3H 10 Pblla Co cum pf. 3 31 3 ,v 4! Phlla Traction,.. 71 Tt 71 71 :3 itestiinr 'it n .1 i. 11 .1 is H c.i 4 1"0 41 11 47 33 71 19'4 50 Si's 7's Pi 11. 47 it Is .19 71 pr; , Sales 70 Am wer Pipe I O Msch 1 11 Stesl.... 3314 Mee pf, rii Ural r.ss.HIS 330 Am Wind 3S0 Columbia (1 K. 10i; irs 1 rueinio niesi 341 rriie Me H Klk Natural 10 Mlarhisoti Walker 4s r. Harbison walk pf s 103 Puts llrrw 6 310 lilts Coal 31 3V) Pliro Oil 14li 110 West Air nrake.,131 3w West Klectrlc 44Uj Kx dlrldend. Open. High. Ixw. Clos. lng, rsi. rut. n. " 19 13 13 KU. 1R'4 ion 101; W, 3!s 334 311, 7 M4 S7 III, 1114 1114 44 4 4 ?4 S 34 S 31 144 13 4 n 31 144 13t 4'H 13 ii FINANCIAL NOTES. M southern Rt H"t lS 300 Tenn Copper Ji, 33 , US Toil nelmoilt 44 44 1A1 Tnnnnab Mln nf . 7 7't s United Gas Imp,. 34 !' 30.V. II Steel (.34 Ml Vi 1 1 s Strrl tiM....10.'.S. 1034 ion Union Traction... 314 314 10 West'land coal... ci IIONTiS I31S0 Cam Rtl serin '17. 97 3 Cam StI sc Krh 17 37 7 Cam Sleel scrip i'l 94 i i'm Si I scnu 'Is '.it ion City 4s l'.in r.-d 1104 1H4 fflO Interstate ltys la. f.si, r.o-j ;oim I, V Trail re I . 1000 Pblla Klee 4 . 741, ;s Pblla Klec I ts 1014 i-,n lhil Klec ir fs s.1014 Mooo Pint r ni 44 w I 74 S74 psmo p It II non 44s. .1 i"J 10111) Itradhig sen l . I4 U'i imift UiiiKd fly lnv 6s. i 4orw WNV A P g m 4s.7Ssi 7SS, Kx dividend 31 4S 4N The directors of th Brooklyn tlnlnn 4.ii I'nmpany declared yesterday the res'. 11l.tr quarterly dividend of 1 1, per rent a shore on the Block and the customary semi-annual extra dividend of 1 prr cent. I lie iirpuiuii: pi i una lias sptioltlteil ii Is! f;Moetavle A ', C. K.. of the Now Vork iff uii! Klock llxehange firm of Keane, y.ayas &. 1, 'Jvi Ii,' 1 Polls, to represent It st the Pan-American 3IS 614 us 01 (14 7 37 M 91 ss 744 1014 1014 10t, 1014 974 103 fil'4 75i 31 , op, lit I0114 iil, r.4 r.i. :! Si unsocial ronrerenr 10 ne neiu at Wash liiclon Mr .ayas waa formerly Consul Ueueral of Cuba to the Unlleil Ml.iles, liuv lug held that Important post from 101 to 1303, when dm banking Arm with which b Is cnnnecleil waa organised, Itnbtnsnn Co, announce that iipplloa. Hons In exchange rlt Ixiult, Ilocky Moun. lain and ParlOe I'ornpany first mortgnra , nrr cent, K11M bonds fur Atchison. To. ,;,,'ilki and SHU" Fe Hallway Company ! ,J Ilocky Moiinlaln nivlslon new nrst morl Hi,' Rgn 4 per cent, bonds ham lireu reoslvod ,';lio the amount of 11,600,000, The Ht I Louis, ltorkv Mountain nnd IMelfln Com. J si tinny lias derbled to rrant tbess annllra. Iliuia h ml the new Atrlilson Ininila will bs delivered In eschange for Ilurky Moun tain bumls about June 1 nrst Under the terms of the mortgage the Jtncky .Mountain Company s prr rent koM bunds siirremlercd In ekrhanirs must be CHniellnl. Tim iimoiint of Ht. IOiils, Itorky Moun tain and Pscine Company 6 prr rent, irnld liiimls outstHtiillng after tlin exchanges lute bern completed will be $s, 000,090, and Ids sinouni iin ee run runner reduce-i was Inenrpnrateo en e. .'apltsl stork. 1100,001. uaroin i W.ilers Is president I II 1.VNU i'uMPANY. who'esale m-st sni provisions. 334 Westchester ver. 11. A petition In r.inkrupl-y hv creditors l."a.t.lillle. said 10 be 140 ". "" Ilieoo. The companv . Incorporated nl, 'February 31. IMS Capital stuck. 1 rwis0i MOnTOS". theat-leal manaxer V. nl prnducer. lth an oftlce in the Se V rk P The.it r. llul d'ng, fl'ed petition In bankruptcy. llabllltle., $1 ,440. no Th- I't" .ire I .r m ;rl." isns. Miles, printing, royalties and eofi","'" MllltHls' llHKAKr.Tl.Ni:. hol'. I. but ter, eats and clieesv. 16 llar.eni Mar ket A petition In bankruptcy by credi tors, It was a'leged thst betwe.n April 3ft nnd May li he mad- preferential payments to chsrle. Cordon, llynian ilordon. Mr. Ilrorty and llepner tiro. . creditors, atnnun'ing 10 US. l aid .11 he made payments to other creditors "mounting to' 11S.00O It was also said that lis mads an assignment on Tues. , h'i'i'v t 11KAC1I. .tit., live, filed a pe. .'"T t,n to gt rid of judgments for dsm- !,gs tor P";'" "'J"rl" ,n an SEEK NEW LAKE BOAT ORDER. nC'itM VN jrilltMAN. IStI Clinton ave iiue. llrenx. formerly of lilies. Puhr- llniiriinu i,iin-irn ... . rn. Mii'iilnir of tliirslliin. The executive committee of the Trunk Line Association will meet on Monday to decide on the nctl m to In taken by1 tha Kastern trunk lints 011 tho order of the Interstutu Commerce Commission compelling tho sale of the boat lines owned by the lallroads on thu great, lakes. 1 It Is believed that the railroads will vote to nsk the commission for a rehear- ' Ins. In tho event of a denial of this request tho matter of an appeal to the Federal court will be considered. Sev eral of the roads concerned feel that such an appeal would stand a pood' chance of belrg upheld. j treasurer. Hllas D. Webb, president of the China and Japan Trading Company; secretary, H. C. Mead. Mr. Morgan's drat act waa to reap point William C. Preed, chairman of tho members council of the association. GERMAN FIRM SUED. Government A I ir area Undervalua tion of Leather Imports. The fiovernment through United Stato Attorney Marshall brought an undervaluation suit for $262,367 In the rnllod Klatcs District Court yesterday ng.ilnst Albert Knrplus and Herman llerlzberger of the firm of Karplus Hcrtzberger, Importers and exportera of Klovo leather In nerlln, with a branch office In this city. Tbo complaint sets forth that Karplun A Hertxberger undervnlned consignments nf glove leather Imported by them Into this country from May 8, 1909, to .Tnn uary 23, 1913, thus defrauding the Coy ernment out of $fi29! In duties. Under the law the tiovernmcnt Is allowed to sun for the full homo value of tho Irreg ular shipments. ONE DOLLAR DAY IN FLUSHING. Customs Itecelpta Yeslrr.lity. The receipts for duties at the Custom House yesterdny were $572,87,04, of which tlCS. 93 73 was for merchandise withdrawn from bonded warehouses and pest month through the operation of the $402,933.31 waa for recent importations, sinking runs.. Merchants "how Host Much n Hun dred Cent Will liny. One dollar would buy a lot of tblnga In Flushing yesterday. The merchants of the town Just wanted to show how much patrons could get for n hundred cents. Tha day was set aside by a commltteo of the business men thero as 11 incnnw nf convincing nny of those who dnubttd that an good value If not better could bn procured right nt home than In tbe city proper. The merchants declared after huslr.es. closed last night that they had never before experienced such a rush. The business Increase alao extended to the saloons. bsnkruptey filed nn Ap.ll t asslut ths Msurlee llienmona ..nisi.- - ...... 14R West Kortv.flfth street, on a iett'. ment with creditors tt IS cents on th dollar cash. . ni'SSF.I.l. c JOHNSON Judge Hough dis missed ths petition nied sfslati nusssll C Johnson, wholesale flour, Sll West Twentieth street, on content of creditors. Ilankriiptey Schedule, MOniTJl OltKCNSPAN. diamonds and Jewelry, !1 Kn't Houston street, sched ules show liabilities of f lT.st and as sets of $13,134, OOLtillKllC llltoa. clothing msnufar turers 143 Canal street, schedules show llablllllea of $10, $11 and assets nf $1,100, realized by sale of the assets by the assignee. JOHN' II MACOONALD, carpenter. $57 West .Sixteenth street, schedules show llsbllltles of $9.14$ and asets of $1 314, CONIlAOl MANUFACTURING COMPANY Herman Conrsdl, trading as the con radt Manufacturing Company, manufae. turer of Jewelry cases, 33 Kast Nine teenth street, schedules show liabilities of $7,339 and assets nf $1,S40 JOSRPII ortKKNWALn. diamonds and Jewelry, 377 .Stanton street, schedule. show liabilities of 19,0X3 nnd assets of $4,341. The schedulea were nisd by .Mnr hls ilreenwald, his ion, who stated that Ids father was HUffarlng from paralysis, which had made bis mind a blank, Assignments. LKVIN A MINK OFF" Israel Iisln and Nathan Mlnkoff, composing the Arm of Levin A Mlnkoff, jobbers In women's bats. 44 Ilnnd street, assignment to Max well M. Hchenkel. The firm made an aislgriment on October 33, 1914, and set tied with creditors at 35 rsnls. I'.l.l.AIIUTII KLAMM, women's apparel, 47 Church street, whoe store la known ns The Siylo Hhop, assignment to Theo dore lilum. METZ TO RECOVER $53,275. Wins Mult for Port of Money He I'll Id on nond. Under a ruling by Supreme Court .Ins tico 4 it y yesterdny Congressman Her man A, Meiz Is entitled to recover half of tho 11011,530 he was compelled to pay as Itidrmnilor on the bond of the New ork Mall Company given by tho Ameri can Surety Company. Tbo New York Mall Company had the contract for cnrrylng the malls through tho lower part of Manhattan, .ind while Mr. Metz was Comptroller bo became a bondsman for tbo company at the re uuest of friend who were Interested. Tho company Inter falUd and when Congressman Metz was called on to make good ho sued lo get part of his money back. Justice Ouy finds that Henry L. Palmer Is tho only other Indemnitor who In uhle to pay, and he must stand half the loss. Atlantic t Birmingham Construction Company The undersign.!. The Knultable Truit Company of New York. l-ucceMor Truitei UTiclrr an acr"tnnt ditrti April SO. 1910, hMween At. antic & Itlrinlnph am Conitruc tlon fompany ami th" Truit Company of Amerl r, 1'ruptee, Rtv4 notlrt tht detail. t halne n lifffil In the payment nt maturity nf the prln tpow if the Joint nt) of At ..n I A- Hlr n nchntr i ...utrtu Mon Com rant' Mttd .t .in.i, fllrmlniz)t.im v .Vttantlc Ha roti 1 Company , Sueil unlr hlil apre ment "f Apn 30, l&lo, the tin 1 i idicnf d "n June :3rd, IMS, at 12 n I irk noon, at thn K. h ring .a(ei.roftm. No 14-1-i .trf4-t. In the liornuKh t M.inti ttun. city nf ,4n- York, will !. at pub.lt auction the follow luff Fecurltleii, helntT Prt of the rnllnterHl held by the undernlirnd a trus tei tmdnr the aiereemnt nhove (isimed; JTSO.rtuo far value Klrnt .Mortpaire JT In t-rlm Sotii nond of Hrunswick Merimhli Co.. d .led July 1. 1907. of the lenomln.itlon of 150 010 fnre value that'll, du by thtlr term" 110,000 fire valu thereof nn th nrft day of July. nnd ISO. 000 fn.f valu thereof nn the flrct day of Ju.v In earh enr tliereaftpr to ajA ln Vidlnff t!i trX ilri nf July, 19.t. riilijt?t?t to prior payment nt therein po ldett. Ka'h nf the bonds bear an endorsement bv the AlUntli. iulf A West Indlex i tenuis. lip Line of the nfouuiptlon to pay the prlnclpil and Interest thereof ri the n.inie mav bet-ome due ritid p.iyMb respectively In pur uini e nt the tontr.iot for the purrhnfe "T the fite.imshlps cover-.! by the mortgage, each of aid bond bear t further en d4rement nf th p.iment of th Interest du Januarv C. 1JS, 11. HOC sharps raplt.il istn4'U of the Ilruns wlck Htcmlilp t'o ul tha par Milu nf flrto f.i 'h n OOA ehnres ptimmiin r pit at sttock of th ftti.iw -I'd Iroti Co, of the par vtlue nf fioa iarh, Iemand Not of th ttrunnwh-k Steamship Cn , dated aiikust 1. 1910. In the rijni nf fl0t.lt.ti reduced by ndorufnif titi of pa) ment nn ao mint nf ptltx tpul to 110,011.. M. with Interest ! the rate ot from .l.inu.iry fith, 1!15, Iiriinnl Note of the Hrunswlck .Hteamehlp Co. dated August 1. I10. In the cum of $,Hb 67. with Interest nt th rat of .1 per annum from January 6th, 1915 luted Mav 1. 191 r. Tin: kcjuitahm: tiu'pt company nr NKW YOHK. HvT.YMAN It!IOAli:s, Vlce-TreFldent. to Tiin iinr-Dm; or AUTOSALES GUM k CHOCOL&TE COMPANY C, sini.li,,.. t un, ii,, ,n., lit i: m.w in, mil. NOTICr. I IILIIKIIV as pre. vldsd In Article 11. nf ihs Irdsntur. dated May 10, 1911, sscurmr ths abov. bonds, that ortrrs ul ' b- r ii.s1 until 14" o'clock A, M on Krtitay. May ;ith an, at ths offlct ot the uti Wslirnrd. 140 Broait way, Nw Turk, tor ne n nuMclsnt bonila at nl m (iIib '.o'. v' par ami acw-rus'l Inisr. s- , . ' , - , ,n, f Kitty thnus.t' J ms h i.r. 1 a forty otis oollirs an! t-.rt ,r, M)i(i , 7 , Offrrs shn 1 ) 1 1 ., . j a ii p th. nn-1 nrpMt nti-N r. tiUAIt.VN-TV -il.! -' , . i.MfNT PV VBW 'I!K T-..f. Hy ciiahi it ,siiix lrrsdnt May 11th. 1S1 .. To tho llnlili-rs of th.. rirst lorUns r-rrlal r.-, l.i.l.l II. ,11, 1, ,if n, Imllun HrllnlliK liunpiili). Nolle Is hrbv f..-n ihat llanksr. Trual fnrnpali, as ,'.t.i,r-iru ps nt a mnrlKiKe aate4 !i .;, i-nds hy ths Indian Itrnnli u i'impm Tli Msr r,intll Trust 1 .'iii.,iii r- ,s i't- rs ihe um'i . ., , ,., k n u M,s 31, 1J15. ssa.eil jirup, m ! r 'h sa.r tj It on Juns 4, 191.. .f ! 1. la 1-1 .v s.ilit ttinrtffr.. stittr . n, . ... r. . . v. .. . the sum of II'' 0.1 In Ui, .".kinic fund dred and tun per .-tpum . . ; 1 of ths principal an ! 1. t titrs' of such l.onds, as provlli.1 1 Art:t. V of asll inorlit.i c- llnnkrrs Trusi roiiipnn.i. Truster. Datnl .Vw Vork Mi. : I nt 1 ,pp 'o ts , nf lh r y line I'K.NNsYl.VAMt linilMM I.IVIIAN. i Ki.ii :m pi;it t 1 m, 1 in r 1 i.itTtri- III.'. !s,hii, '. I I MM, (in-,. 1 iiraijitni i, 1 , i dale! ..vptr'nt,r mriua .k-s, , 1!0I. tho uiiili - ki i , , . abovo ccrlltl' r s i - - , of Juno is.. 1 .1 i-i , par and Intor. to tl.o , n m ( j uoo, th sum iio pjv,ii,.r .ri i.k I ,nii Ssalo.1 trnl,.-. t' ! 1 1 irssrd tn ilIllAltli Tlif.r l I l'y 1 riis.os ,nk ins- rum 1 p,, ,J)r.ln troil alj pot 1. ... 1 . r ' 1, a'os rlos I.' ' ' 3 ""ilmk T. !.. Mn is, i'it.1, (iiriAiin Tur-: 'nvpwr Trustoo, 'ii:nitui: 11 -rr ,ur ii T-oamror rhl.arlo phla I' . M iv 1 f i" DAIRY PRODUCTS JIARKET. RAILROAD EARNINGS. Ths I-ohlih. Vallsy n.tlro.it Company rsporls (or April; 1I1J. CThanrs.. Total opor. rav... II, 74!, 170 Inc. l:S9.lr3 1 Total opfr ftp... :,I4I,II Doc. B0.954 j Not opr. r.v. ,. $1,39.1,455 Inc. tain,.:; 1 Oporallna; Income. 1, 330,170 Inc. 310.130 Krom Julr It Total opor. rsv.,,fSt, 048,444 Inc, 14,s: Total opor. sip... 34,944,77: T-, :s9,Ct9 Not opsr. rv.. ,, 101, 171 Inc. 1704,175 Optratlnc Income. 1,079,31!: Inc, 471, 980 lU'TTIHt. -With IlKht rocolpts of 4.4T.5 p.ii'kacos tho m.irkot roinalnoil uiirhaiigrl a!ihuuKh thero vsus not any marked ,ir llll. To hrlllK outside prli ea stnik nuiHi show full grass .uul be of roo-I 11 11,1 .11 V. Indlfferenl linos lire hard t't pU. e Sceniiils In HkIh nipp nnd ipilio ,1, Hie Helinv.lleil Hi.d lilies ll'm. I'.h klllK aroek sleuil). I'rli'es' l'r.'.illier , extrns, t : s, ore i'vi' . Iilslior si-urine .''jlii;'''. ilrnt . s In seoro, Urtls'l-'ic .lalo, iliilrv. lulis ilnost. :7'ii;S' , roo.i in prime. 111! It 27c. , common :o ftlr, i:j'rSr.c Itenn v.ileil. extras, :3S4l4e., Ilrsls, ; lower Kradtfs. ?ii 11 21i , Imitation cream rr. niats, II '11 l.mllea, current make, lints, JIUl'lWc. , seennds. 30'ir :m,c., lower crados, 18 ' 19 tjr. I'aeklne stin k, current make, .No, lfl I9'r . lower rrades, Hit lsijr flllillHi:.- -Despite a bettor esport In iulr Die market was r.tther eak nn account of heavy ofierlnKs, which h been : 4 .0 S 4 for ths eek, .iKalusi y. J S 11 In tlin earns week p. year ago. Top iiuotatlnns aro haiil lo secure. Skims atv.ul). Prices; Mute, whole milk, fresh, flats and twins, whlio anil colored, specials, 171. itf I7'c , avrraKo fsncy, 17c ; stair, skims, fresh siiei'l.ils. lititliyi1. skims, fresh, choice, li. U 13'..- . fair to BOO'l. ll'j;ii:'.-. IliiiiS Heavy .irrHals, uttu 11 lick of cold storsgs room, have decreased ihs market and resulted In lower prl, es, 1ha londency waa toward aecumiil illon. s butlnc was rtthsr restricted, Medium crides are plentiful and tinted for sals Ve.irhy whites dull and easy Prices; fresh pn 1 Ii. re, . extras, Slt,j::c; estrsi. tirste. sisi:o.', firsts, 1 S if I ?c , seconds, li j 17 sc. . etnrjie packed. Ilrsls to ei ira flrsla. 19:ic.. No 1 dirties, 14 it IS'ir , hennorj, whiles, fine to fancy. (11 .'3r . henncr browns, ;rr , mlsot co'. ors. I9t ;tr, lla.ilmore dink f:ic I Vi: I'OIM.TIIY Kows wer scarce srstrrilay nml Mils resulted in ,t stronr market Urollers also moved mors free'y and were firmer, with roosteis 11 trifle hkher. Turko rtull v..,irhy oprlmr tucks stesdy, Western nrni'r , nn stoidv, rtllneas s'ow . plceons firm Prices: Fowls, 19i; lirnilers. '.3 1 ?sc , old roost ers, lie, turkos. mixed, hens nnd toms. l.'r . Ulicks, Western. 14' . ducks. I.oti lsi.mil, sprlnu. SI' . Southerti. 13c., Reese. Southern and VesUTn. 10. , sulneas. fc0'(f Zlr ptKenns, 3"' imilsSHD roi'l.TllV Demand for fresh killed, Iced fowls, slow, with the mnrket weak. Iresl killed broltera mart plentiful and weak oil roosters stead. Sprlnr ituckllnirs not so plentiful snuhs slow. Troron fancy ohleketis and fowls llrm Turkoya In moder.110 demand Prices: Fowls. 13 to box, Western. "10 lbs mid over to dozen, dry picked. 18c , lbs and over IT -".Id ronsters. 1 S sj 1 13, Sipiahs, prime, while, 10 lb, tn dozen, 44, 'J lbs.. 1.1.60; lbs, 13. Turkeys, fresh hens tind touts, 1 r. ,r I Tr . l-'mren turkes, dry picked. sele, led, t'lc , Western. IOC. Tesas, lllflTc Urollers. milk fed. 14 to :t lbs, V74i.sc . corn fed, 1 x to '.'I lbs, ;',!.. Thickens. 13 10 box, milk fed, CI to !' lbs. I'.i'uO. . 44 lb, and over. 51.- , corn fed, 31 to 84 lbs . ITfflSc; 4 , lbs. and over, 1 9 il 1 1 lj ( Tow Is 12 to box. t!0 bs Hnd liver lo ilnr.cn, 14c ; 1 30 lo 3f. lbs., 18i 1 ild roos'ers. 13Uc Ducks, I. on Islmd 1 T ' '.1 t , Western, lancy, lc. iieeae, txeetrru, IJUltc, THII sfANI-ll- S l.lt 14 IIIDV COM- iv rntsi- Mini 1 1, m.i 1: it.i; ( i:nt. lltlMIS III K .11 . s., i, Purauant to t'ie t. --i.s ,.f . mnrts-av dated ,,i: 1st ' ,'ir 'ne ur .-s'p ed In vltej" ten..re of 'be a'-.vs b.-n.- ' r si s and do.' 01 , as o' ,1 , . u ,t a prta not osceo itni; ti.tr ar I Intewst t hs ox lent of s ; 1 jr. :. ', . ,lu :1m na abis to the M.ik B I- ,11' 1 foaled 'en or s' in ths n imtiri of bonds off .-re i sh-.i 1 he a'1 esi, A f OIItAltD TIM1T ' iMI'AN V. T- .,'. . Sink Int Fund f.ptn'h x ue-', m I-,," . loinanv Klrst Morsii(.e 1. p.. r. It ,n 1e and m he re.etve.l 11,111 nrk I'. X Mas is. mis. OIltMtD Till''- "1li'l','T Trnates, OFliillni: 11 n xi:r ! T'o, surer Phllade phis l's Ma ' 's 8 nH'IIIKVIII A VII INTKItl'.ST. AMKUK AS l lllll lt A I II. Ill' CO, , i llroe.l'. ., V, x ' k COMMON ,-T' K imll'l VO, It Th" resu'r c i . ' r . 1 . 'end of ons per cent tl' ' o". 're , , -.iv n Sock of American r.'.e A 1 win "nip,ny has been declared pa, .1 me 1916, lo Common sto klu. of re ord at ths dose of business M y 27. 191, Transfer books do no' u M 11 AltNtva Treasurer l.tvr Stork .MnrUrt. TlltirtSDAV. May "0 Hecrlpla of beeves were 1,190 head, al' for slaughterers, with the execpilon nf 3 cars. No reported silos of live intiie lo day. The feeling was rated steady and moderate receipts were enpeeleit for I'M day's market. Dressed beef In fair de in ind and steady, with ordinary to ihoico lia'I.e sides sclllne at ll's't13'sc per lb. 'ielpts ot calves none, tnit 137 head were held oxer jesterdny. The market waa lull Klemly, itltlttv considered Me ilium xeala sold at 11.70 per 100 lbs . nilla at 4. Dressed calves were Jn mod crate, demand nml steady city dressed xeals sotd at l?'s 'if 1 !Pv por lb , countrv dressed at lit, 'd 1,1 i,p. ltecelpis of sheep and lambs were. 3,ffJ3 head. Im ludiilg 3 cars fnr tha market Pr.e were s'.esdy for all sort. Orel clipped sheep (tsM) sold al 17 par lot1 iiik AMr.iticAN set, Ait ur.riNiNo co. Jersey i'U N J. Mi, . '. "1 '9'j The II,. I'd " I X "l I, e r - 1 ,e dared the ff .. ,; ''vllsi'. ati a .lulv rnd. I'1; " tht i i.h 3 of rcord lt.ne I-t. tl;'. on ih- Preic " 1 "nMt jx 1m I 'serf of per cent on th" I'ooitnnn . k a d dend of 1 per fT ' The Trail.'."- lln 1. xx 1 ' tl"t he e'osed josi I'll 1: ritr ! M V'. - ,r Tll II Mli:mrs (,.. iiitipAM U est W t sh . a ''1 - , I'hl!ll1'l 'il ! 1 . M . ' " 1 A rpl-U'er . 1 ' 1 " 1 n' I I b per share, lis ' 11 stok of I. is 1 '. 1 ' . i ,1 " , ni. ' s 1918, lo tlie stn k1 , '..e. o'clock V M M "'1 be m tiled J 11 To N Vli lit T-s. surer I I IIAV1", II 000 Oklahoma wh! h 1 oil lei's w I". b" t 1 K'lrOie'- p.ir" , 1 HI'I'M'TT X ' lb . mist 1 sb, ,-p . spring 'iitnbi . .:, !..-' I 1 j . , ,1r. s.. I ' .p- " Ian t" II 11. .us ,,. n 1 ss I Itecelpts of I- IM s'ai.ghter , X ei I was weak on 1'.rr l's s t 4 I ' S be I- f s a foe I'i. 1 5