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The sun. [volume] (New York [N.Y.]) 1833-1916, May 21, 1915, Image 11

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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

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