The sun. [volume], June 25, 1915, Page 13, Image 13

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

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4- ':!nmL..uimmmrmm
rs
r
'00
S" t I -Bid
COTTON IRREGULAR.
WITH LESS ACTIVITY
joiiip ,iiiiiila(Ion Despite Be-
Hrf .liil.v Deliveries Will
lie Sninll.
jKST OF COTTON STATUTE
There m les nctlvlty In cotton yea-
H-ity wmie prices were nignuy
tjher In Die tlrt hnlf hour, probably
Irflueticril by thn Increased demand for
rot rot! Ml at Liverpool, whsra Ml (Mi
ruche.! 1 1 .00(1 hales, the. Rain was noon
lfl ami tli' market sold oft and closed
il net ileelme of fi to point. This
jwnlnc up process wai natural In view
cf the fuel that to-day la th first
rotkc rty f"r Jly contract. It Is not
thieved thit deliveries will be even aa
jMvy n ,v' wer' whcn thfy
unountdl to approximately 47,000 balss.
The chief topic of Interest on the Cot
ton LXcn.ioKr, vi courier, ifdi ine m
t'mpt to m.ike a legal test of the con
itltutlonality of the Lever cotton law by
tVel.l Seville and tlubbard Hros. For
seme time there has been a strong; con-
,(tlon anionic well Informed members
t! the Cotton Indian that the new
cotton futures act would not be upheld
tj the Supreme Court of the United
6'atcs If properly attacked.
Aside from the question of public,
poller Involved, the one technical fea
ture that the bill purported to.be a
rtrenua measure and that It crlflnated
In the Senate Instead of In the House
!i believed to be enough to cause Its
innulment. This feature Is said to have
teen considered by Chairman Lever at
the time and It was his view and also
the view of some of the other lawyers
la Congress that this objection would
tm be sustained merely on the ground
that the bill had been Introduced In the
Senate.
There are members of the Cotton Ex
change who would rather see a com
iromlte than a fight which would cre
ate additional bitterness toward the ex
change. It Is believed by many that If
the law should be declared unconstitu
tional It would be merely a signal on
the part of Southern members of Con
ptei to whip through another bill which
loald be practically annlhllatlva.
Although crop condition continue
aiUfactory they are not likely to be
come a decided Influence In favor of
lower prices until after the publication
cl the bureau condition and acreage re
tort. hlch will be Issued at noon on
Thursday. July 1. The crop in the
eutern belt Is making good tirosTcaa.
The F. B. Hk Cotton Company of
jismgomery, Aia., in tneir letter re
viewing conditions during the past week
say . .
"Weather conditions have aaraln con.
tlrmed generally very favorable, and the
crop nas mane runner satisfactory
progress. There are a few complaints
from some sections of fields being grassy
owing to too much rain, but there has
keen no excess of moisture except In
lucij- tcauerea localities, and we be
lieve that as a whole the fields are un
usually clean and In a good tat of rmlH.
ution. While undoubtedly the plans of
diversification have met with popular
nor ana me growing or rooostufra la
receiving the attention of farmers gen
erally, we do not believe that this is at
the expense of neglect of cultivation of
im croon news and as a matter of fact
vswer uss uresent condition. rmnd
litor we believe that there will be ample
lu.uvauuB 91 an crops.
Thomas Hhle. Jr.. was anootntMt
uaerlntendenl of the Cotton Exchange
jesterday to succeed William V. Klnr.
"uu rcaiKneu several weeks ago
Futures closed steady.
Open- High- Low. Clos- PrT.
, , inr. est. est. inr. dote.
Kl" 2S. !!i l mum
! I J! Hi V.l965
Jin 10.11 1.I4 10.07 10.O7fl0.01 I0.18tll0.il
vfV ,iii"H J0U 10.8(10.M 10.i;10.1
IV.MU1V M 4V.6Siri9.fi
THE SUN, FRIDAY, .JUNE 25, 1915.
18
'Bid
Spot cotton at New York nnl.t
unchanged; middling. MOe. Southern
pot markets were unchanged, with New
Orleans, 9c; Galveston, 9.15c ; 'Savan
S15' Houston, 9.05c; Augusta, 9c,
-., -ucinpnis, a.!HC.
The .ew Orleans market closed
iteady. Prices were:
Open- High. Low- Clos- Prev.
i.i. "l- est. Ing. does.
fte'" .A Sfi !-H 66a.t7
iH" !i3 IS 111 'M.n .7d.7
, .. , v.B(f 9.909 9.41
The Liverpool market opened quiet.
There was a rood demand builnms In
'pot cotton, with middling 4 points ad-
me i o,.in. sales, 14,000 bales; re
"Pis. 1C.I0O bales, including 12,000
American.
Prices at Liverpool closed barely
teady.
Open- High- IVow. Clos. Prav.
Jj. .nr e,t- est. Inr. dose.
W Nov S 13 S. 6.11 5.W
nh.pnl 3 tT s.ts s.mS 6.MH
11 A. XI bids to Liverpool were : July,
"to October, 9.75c; January, 10.08c
; market there Is due to open to-day
h to 1 1, points decline.
Kecelpta anl stocks were:
e; Last Lirt
r,i:,..,. "."'i'"' Stocks. yar.
ril!?"?h 5J1 .5 M.0S1
61.471 MSI
K I2.VM iO.lt)
h im 19 tm
!i lea ia 047 i-K
Interior rtocks and receipt were :
He- Last Lant
wipts. year. Stocks, year.
t in 70.044 U.m
W 7r3 W.77I J4.4M
U 111 tO.ltt 1U4
"t II U.M 1I.U7
EMImated port Last Last
Oiir. 'c,.l)'," f-dar. week, year.
' Or.iani 1.S00 to S.100 014 S42
Ki,rts yesterday. 4,715 bales. Total
J ' 'bis season, 8.07S.414 bales,
ta nst s 1151,391 bales last year.
nricton III
i!minrton ?ll
MUUI.f
Jlesnon .
Memfhln
Atiguns
ft Lmili
THE GRAIN MARKET.
'"l Iti'iu-t Drupllr Kxppsslvr
lliiln. other liralna Weak.
"T tit' f,ir,ll,l.l O.l.'n.w.n. II. . - ...
tral
' iro completely lost 'in the
... imuni, nuriiv ui ins inrge
"Sli-r n.l l.nul Vi
.. . ...v... iiti iu n ncia trrii
' M m itl waiting until the mlsceUane
i .. n''1'"1 lnP'rl by the wet weather
y ' '" er wheat hsa-vMUng sections
fifHj. en Batlsnctl nit Uen gelling
KrnkeM with foreign connections
t'i''l abroad that the Southwestern
eather was bad, but there was no
respo,,,,, i , nnturl of export bi,,,
'ne M.t uativu buying was not of the
propor ,h expted notwithstanding
ouimok for additional rains to-day
Mt .r the river, liears remain conn
"ni 'ha- heavy hedge selling against
..""""'' wheat yields will come.
ttie MiMotirl Department of Agrlcul
jure wtu.,1 t,ttt lha wneat harveat waa
Pff'SMng with great difficulty ani
w.'Ii '"'u,y "el'N wer9 ht a
uul.l nut usiil. J'rlvats
'Iir. from adjacent Htatts were to
"''out thu nme effect. The crop ws: of
MiHuianippi Is thought to be from
o three weeks Fate. Ylelda have
"paired" Nomewhtt nd ""'
i,'M,'r,l'iy's showera war quite heavy
'V.ui of Oklahoma, Kansas m4
Iowa. The precipitation exceeded four
inches In sections of Kansas. Home
milling Interests are said to be deeply
concerned over the lateness of the har
vest, as their stocks of old wheat haw
been reduced to a minimum. A con
tinuation of the unpropltlou weather
might bring about vigorous competition
'" "vmwuo miners and foreigners
ror the nrst movement of the sound
wheat.
It Is evident that foreigners are draw
ing upon their visible supply, which Is
ngured at approximately 82,000,000
bushels, against 88,000,000 a year ago
and 80,000,000 bushels two years ago.
The world's wheat exports for the week
ro hoi iiKeiy to exceed 9,000,000 bush
els, although tlw requirements of Ira
SSS'i ounlr' nre estimated at 11,.
000,000 bushels weeklv.
A feature of yesterdays market was
"""""ncy or the July option at
Winnipeg. At one stage that delivery
was 10 cents higher and at a basis 18
cents above Tuesday's low point. There
was short covering for Kngllsh Inter
TJ . at wlnnP'T. nd some assertions
that crop conditions were less favora
ble. Cut worms were complained of
and It was understood that the cool
weather had retarded the growth of the
plant. Still the belief prevails that the
American and Canadian Northwvet In
entering their critical periods are main
taining meir promise ror a record wheat
outturn this season.
CornThe fractional upturns during
the early dealings were founded on
the light to heavy showers In parts of
Kansas, Oklahoma, Missouri and Iowa.
An official State renort from Mtaanitrl
said that the crop start was poor over
large area, urop advices from other
western States were quite As bad
especially those from Iowa. The sneni.
latlve demand was freely suimlled. how.
eer. and the list failed to advance as
much as was expected.
The forecast for further showers over
the night did not check the subsequent
decline. Offerings were scattered, but
some selling came from Interests In clone
touch with the Argentine situation. Of
ferings of Argentine corn at New Tork
were again of fair proportions nt 71 '4
to 72 cents, against domestic corn values
of from 80 to 83 cents. The clow of
the list was at about the low of the
session with sentiment more confuted
than had been the case for some time.
Oats The short covering on the rains
In the West and on rumors of export
business was not extensive. Sentiment
continued rather bearish. According to
Crop Expert Snow the official crop re
port on July 8 may Indicate an out'
turn of ,100,000,000 hushets more than
the June report, which would mean a
yield close to the record of 1912, when
1,418,000,000 bushels was harvested.
The cash house buying of 300.000 bush
els, which was credited to foreigners.
was said to be against old buslneses.
Provisions Some of the large packers
were on the selling side yesterday.
Shorts gave the best support to the list,
Liberal July deliveries at Chicago were
again talked of.
Chicago prices:
ftfukn. mh. tiiw. Clna. Prer.
Wlnil: Inr. eat. est. Inr. clot.
July 104S WS 10JH 1014 10SS
September.... 10, ion, Wl 101 101't
corn:
int. 741i 74U 71U 711i 74
September.... 71H 71' 71S 7:4 "H
Oats;
July 44 ti 45 43 41 41V
September. ... ni 19i It II W
rock:
July ic.se le.sr. ie.7t ij
September.... 17.10 17.15 17.10 17.15 17.15
Lard:
July..., 141 4: .17 17 141
September.... 170 .T0 C1 .71
Jtlli.'. 10.40 10 4O 101 10J1 10.40
September.... 10.47 10.70 10.60 10. 10.75
New Tork wheat prices were:
July n
September , Wl
THE CHICAGO MARKET.
Chicago, June 24. Trading waa small
and prices averaged lower. Shipbuild
ing common and preferred dropped sev
eral points each on small trading. Other
changes were for the most part frac
tional. Sears and 1'eopleu Oas bonds
were slightly more active and prices
ruled Hrm. The summary :
Onen- High- Low. Clov
Sales. Inf. est. est. Ing,
10 Amer amp u it .is
10 Amer Ship B pt. 70
40 Chic Rye series 1. II
CO Chic Rys series 2.
soionrweajin
10 Chic Ot West...
Zl Illinois Brick C'.4
Mongomery W pf.lllVi IMS 1111 1113
nat tarpon 140 ii iu
X People's, Oa li; US'
t i uuiic :rt iiv..,. ! s
3 quaker oaia pi,
SO Sears Roebuck.,
Utt Stewart Warner.. Cit
111 Union Carbide. ...151
frt Union Carbide rts 6
1C0 Untied States 8.. 0
BONDS.
17000 Com Rllson ts...lO0U 100VI 1004
roooi'Mc hxs I no is., an
WiOChtc Rts 1st to.. 4H MS
1000 Booth Fish deb s 17 t7
1000 Swift M 71 7
M II
70 TO 70
u u n
1134 11H4 IU l.UVi
m JJS JUt
UH 034 C1.
lir.u lic4
itii sm ii
106Vi lWVi Wt 1V4
131 131 KS
UW
151
6
4
CI 4;
151
4's
CO
474.
161
4!s
40
1
MS
17
7
104
3D
MS
S
10000 Telephone (s IOOH 100H loos 10S
THE PHTTiADrTLPHIA MARrTTTT.
Philaobtlthia, June 24. The market
became rather weak during the late
trading and a sharp decline developed
In Cramp A Sons. Lehigh Navigation
lost a point, General Asphalt 14, Bald
win Locomotive T4 and Lake Superior
V. The summary:
Open- High- Low. Clos
Sales. Ing, est. est. Ing.
5 Anaconda 1 St X 14
X American Can.... 4341 4i; 43S 43;
100 Amal Copper 714 7J', 73', 73,
II Amsrlesn Ras..,.101S 101S 101, lots
6 Am Railways pt.. f, VV MS
1130 Baldwin Loco 6 KM 64 C3
105 Butt Sj SlU pf.,,. 40 40 40 40
50 J Q Brill 11 It 30 30
175 Cambria Steel.... 414 414 41 41
eo Colorado Fuel,... i: i.'S j:4 :V4
W Elec Storage c:4 tt K K
1rle S Wi ISV4
Asphalt 3!H 11 11 I!
12a Gen
17 Gen Asphalt pf.. Ci
55 Keratone Tel 14
179ft Lake superior.... 11
cs ct eo4
14 14 14
it 104 io4
111 Lehigh Kar 76i 77 75S 73V
K L V Tranalt 144 144 14, 14S
roo L V Transit pf.. :4 tii ISM, l
13P pieTaaa cons in id id ia
WO Penna R R 53Vi U 6-14 M B34
I Penna Salt Mfg.. 194 M44 ll 1944
10 Perms Steel pf... 64 M t I
145 Phlla Co 34 14 34 14
C0 Phlla Electric... SIS ri4 2J4 21V4
5 Phlla R T ctfs.... 9' s S S
140 Heading 714 73 7-14 73 71
510 Tonopah Belmont 4S 4S 4 1-16 414
:oo Tonopah Mining.. 7 l it 7 Ml 7 S-l 7 1-11
sno Utah Conir.. .. 7S 7 67S lis
1W Union Traction... 31 31 13 13
54 United Has Imp.. 15 e. sis us
7093 11 8 Steel 60S MS 59 C9S
33 tl H Rubber MS 54 MS 5SS
10 Wretmorrland C , 1S 41S IIS US
0 Wm Cramp It S, 43 IJ 59 5s
BONDS.
11000 Am 47 k E 5s..,. a 4 M 4
ion city 4s n reg. 101 tot 101 lot
1100 Ilarwood Klec en, 99 M 99 90
lOOi) Keystone T 1st 5s 0IS 91 H IMS IS
looo Lake Sup Inc 5a.. 31 33 .13 is
1000 Ih Nav con 4Ss !KS 90S 99S 99(
15000 Pa R R con ISs.1014, 1034 101S 103S
69000 Pa R R r 4SS rts MS S 9iiS t'i
1000 1'a R It ion 4s '41 OR 94 94
7ooo Phlla Klec 4a 79S 7SS 79S 7!S
1M0 Heading gen Is,.. 97S MS ;s 7S
liooo Reading Imp 4a,, f.( 95V 95 u .,:
lofi Unl Ry Inv Is.... : 124 ns i:s
ooo Welsbach to 91 U us 91S 9IS
looo w N y p m to.io2 10:44 loss io:
THE PITTSBURG MARKET,
PirrsBUlio, June 24. Columbia Ga
and Electric and Westlnghouse Air
lirake were Vm lower and Crucible sold
down to 29 H on odd lot transactlens.
Other stocks were unchanged to slightly
lower. J ne summary :
CXoen. High. Low. elm.
Sales Ing, est, eat, Ing,
Iso Am newer ripe., 19 19 It 19
Id Am Wind O H... 1544 II 1344 II
1453 Columbia ( A R. 11 13 i:Z 12U
IT, Cructble Steel.... K iW t2 jjiJ
15 Klk C Nat Oas..U4V 114S 114U 1HU
50 Harb Walker pf,, 99 09 9 n
71 Mfra Ught H.. 474 47U 474 47 U
10 Nat nrepfg pf... l 19 19 19
44 Ohio Fuel Supply 41 41 41 41
173 Pitts Coal "S ?i
190 pure uil H! 1114 11 14
isi 111 hi
101 l; 'lot
100U 10914 IMS 109U
110 ill m itotl
140 Ws.tlng Klactrtc. 49 41 4144 tpi
BONDS,
11100 Pitta Mewing II 14 M
1440 West Elec CT IS.104H 104H 144 144
OOaSEP OP WALL STREET.
A Firm Position. '
The action of the general market yes
terday In the face of the unsettling break
of 8 points In United States nubber
afforded little encouragement to thoss
working for strenuous results on the
decline. The Ilubber break was tho
Incident of the day. llccause of Its un
expectedness not that further decline
of a moderate nature had not been pre
saged In the recent action of the stock,
but because Its unusual sharpness was
unexplained by anything either specific
or of general market condition the
spectacle of the fading away of the
stock was ona to engender nervousness
and disquiet In the general list. How
stalwart the technical as well as the
sentimental position of the market now
Is was demonstrated to the satisfaction
of the believers Jn a forthcoming steady
upward movetrjent. Mocks of standard
character, toward which the tide of
speculative popularity Is turning more
strongly every day, found good favor,
saw little recession and responded In
healthy manner to the modest and care
ful but confident buying that appeared
on small recessions. The effect of such
a break Iti anything 'but a strongly es
tablished market, It was thought by
many, would have been of serious n.ituro
and the occasion of general liquidation.
mailing.
The drop In nubber had all Uie ap
pearances of frightened, stampede sell
ing by the smalt nnd moderate sited
holder of the commission house. It was
110 market for the liquidation of stock
by the big holder with Inside Interim
tlon. The steady, unexplained selling
for some days that preceded the sharp
decline of yesterday had more the ear
marks of tho big seller getting out un
der favorable conditions. It was divi
dend uncertainty and fright, not as
surance that the dividend would lie re
duced or passed, that made for the
greatest unsettlemcnt. Until yesterday
nnd the day preceding It dividend re
duction talk had hardly been heard.
There was, however, much emphasis on
the good business conditions In the rub
ber Industry, war demand, better domes
tic business and the prosperity ot the
company's plantations In -Sumatra. The
fair talk of conditions waa the more
puaxllng when every day saw quiet
liquidation of stock on n good sited
scale. When, unexpectedly, talk of
cutting the 6 per cent, dividend to 4
per cent, .or of passing It altogether
made Itself a market factor, the bottom
dropped out of the market temporarily
yesterday, without very much of a short
Interest to support It. Them were ru
mors yesterday of forced selling of the
stock by a very prominent holder, who
Is reported to have lost a large sum in
the collapse of Rock Island, but this
was not generally credited.
The Rubber Dividend,
Little Information one way or the
other about possible action on the divi
dend waa forthcoming from the com
pany's offices. John D. Carberry, as
sistant secretary of the company, said :
"Officers of the company do not know
who started the selling nor have they
any explanation for It. A statement of
earnings la being prepared and will be
presented to the executive committee
and the directors next week. Until that
time no statement will be made about
the dividend." In the face or this lack
of Information the Stock Exchange men
recalled and commented freely upon the
optlmlstlo remarks by Col. Colt, presf
dent of the company, upon the declara.
tlon or the dividends lost October at a
time when atome companies were putting
their dividends in the form of scrip.
Tne dividends (preferred nnd common)
have been amply earned." said Col.
Colt at that tlmn. "The finances of the
company being in an easy condition.
with is. 000.000 cash on hand. I Ih nk the
action, of the board la not only conserva
tive, but one that Is entitled to com
mendatton In thee times of war and
financial streets. The division of f 1,700,
000 at this time among the 15,000 stock
holders will, I am satisfied, do much
good and be most thankfully received."
The annual report Issued on March 4
made a good Impression, showing 8 per
cent. earnt on the stock. From B5T4,
nt which the stock waa then selling.
witliln 4 points or the low of the year.
it began Immediately to rise, reaching
mv on April 14. -me low yesterday
waa 04 !i.
Foreign flrlllngr.
Foreign selling la the popular exDla-
nation of every decline sine the Brit
ish war loan waa announced. It waa
most prominent yesterday. The expo
nents of this theory of the market's de
cline pointed to the number of "seller
20" transactions In bonds. The man
close to the market, who could se where
muoh of the trading was coming from,
laughed at "forelam selltne" am n i-.oi
market factor. Canadian Pacific.
throuarh which T s nV. 1. r.r...,,n .. ..
Psed to register its slightest feeling In
Americans, It Is true, was weak, reach
ing at 110 'i a new low since 1901.
It Is quite natural that Hrltlah Invest
ors who. want to hnv th .n. ,
might sell Canadian here, but there
are several very potent reasons In the
condition of tho company Itself and
Its future which may operate with
peculiar force In the British Investor's
ilium m hub iime. as ror selling of
the standard Amripn mo. iH.
trials by Europe there waa little enough
to encourage those bankers who are
pointing out that If only Europe would
eacnange prooiem would
be solved. Eii U o i-.h-hi. -
dlcator of the action of foreign holders
of Americans na an m . u .
la very popular abroad. Because It pays
n uitiuotiu, it woum De one of the
first to be sold by the Britten holder
to make room for the now war loon
Erie In oulet trailing w.. ,
lower yesterday than at the previous
cloning.
The Torn to Ralls,
Ralls and In a leneer degree co.in.r.
are the classes of stocks In which there
Is a revival of strong speculative In
terest. Attention lavished on the Indus.
trials, particularly the war stocks, Is
beginning to wane. TJih time Is now
approaching when actual results of the
war uruer oiisiness, tnat caused a
furore whllo still shroimdeii in m...,,.,...
may begin In be examined. Iluyers of
these stocks are not quite so sure In a
number of the boomed stocks that the
profits are so tremendous. In fen they
find reasons why profits shouin be
smaller. There are the tremendous
prices, for Instance. In uimh mn, .,
terlals have soared, particularly copper,
epeuer, acius anil oilier essentials, with
these considerations are tho better evi
dences the railroads nrn nhnu'inir nt in
creased earnings. Even In the reports,
such as that of the Union Pacific, which
continue to show a decrease In gross
and also In net the financial community
Is beginning to read a better outlook,
weighing the showing against the disor
der and disadvantage of war times. The
Increase In net shown by Southern Pa
cific, on the other hand, adds to the
better esteem In which rails are coming.
Friends uf Din lulllOad. r pi'edlotllig
a period uf active demand for their
stocks, preceded by a quiet accumula
tion. As for, ths coppers, It is pointed
out that if the reports thus far made
are based on 16 and 16 cent copper
agslnst 10 cents now, and (0 to 60 per
cant, capacity against nearly full oa-
$1,000,000
City of Cincinnati, Ohio
4J4 Sewer Bonds
due April 1, 1955
Principal and Interest payable in Ney York
A legal investment far Savings Banks and Trust
Funds in New York, Connecticut and other States
Exempt from Federal Income Tax
Price 1045 1 and Interest, to net 414
Wm. A. Read & Co.
Chicago
Nassau and Cedar Streets,
New York
Philadelphia Boston
London
paclty now, earnings now being made
must certainly Increase encouragement
Racket Shop l'lghtlnar.
Stock Kxchange men are puxxled by
the action of the courts In the cases
against bucket shops which has thus
far resulted In giving these forma of
fraud a protection that enables them to
continue to flourish. Uelayed decisions
and adverse decisions when handed down
have caused no little dismay. The de
cision of the Buffalo court on Wednes
day continuing an Injunction against the
telegraph quotation companies to prevent
their cutting oft certain concerns PlacK'
listed by tho Stock Kxchange put another
temporary obstacle in the campaign ot
the New York exchange against the ting
of bucket shops now running. In the
face of a number of decisions by lower
courts and by ths Supremo Court ot the
United States the authority or the stock
Exchange to cut off whom It likes from
Its quotation service would seem to bear
little controversy. Supreme court Jus
Uce Holmes has ruled : "The plaintiff's
collection of quotations Is entitled to the
protection of the law. It stands like a
trade secret. The plaintiff has the right
to keep the work which It has done, or
paid for doing, to Itself."
THE COFFEE MARKET.
THE BOSTON MARKET.
Boston, June 24. The market for
mining shares again showed a lower
trend, closing near the low prices.
Trading was not heavy and there was
no outstanding feature. American Zinc
and Hutte and Superior were exceptions
to the general list, each showing fair
volume of transactions and a firm tone,
Allouez declared an Initial dividend of
$1, the stock closing decline on the
day. Industrials and rails were dull and
easier. The summary :
Open- High- law- Clos
Sales. ing. est. est. Ing.
:: Ahmeek new t. 100 r; loo
R13 Alaska 3ji ll ITS JTS
i. Aigomaa z4 zi zl 1
470 Alloues 44t M4 (4 U
:m Amalgamated .... 74Va " "3' i4
ftso American Zinc.... 51 MV1 cou t!
4; Anaconda !H ask SiK
-'if. Arizona Cora " 74t S IS
Wliutte A Bal II-14 11-M3 I 1-10
cu. mute at superior w ti sa tt
toe Calumet Aria.. 44 44(4 4SU ii,
3) Calumet Ueda..tn tn tat Iss
100 Chlno 34 4C4 4S4 4f.4
43 Copper Range a u
imi uai7 urn .i at s1
til Kant Hutte K 1:4. i:v, i:l,
1(4 Franklin , 1') 10 10 10
170 uranby I Hi SJi'-l M n
W 41rrn Cananea.. 0 40 :i J5'i
X llaiK-ock it 1J i
TJ Island Creek 4 Hi 4i : '
W Isle lloyale 17 , 34 r,u, 174
t Kerr J.ake 4W IH 44 I't
110 Keweenaw 1 1S14 1 15-14 :s : 11-14
l.V. Lake 1IU ml, 1414 ij
W flaWH IBUPJ-.,.., 2, vt J1 24
10 Mats Cons llu 1 til, m,
10 Miami :4V. M re'i
IH Mohawk 74 ;su :iu ;m
110 New Arcadian.... Ill HVi 11 11
110 Nlplaainr 4 4i 4 e'l
ss North Lake :4 :2 :u
to Osceola M'i tm r) (9
aolvind Creek U, u ! t;
ft quln? 17 17 17 1;
1M ltay Con 344 144 i
I)J4anta Te :, : Vi
1.10 Shannon IH a 141 M0
iv anauucK .s .3 ;s -9
10 St Marys Land.. C9 194 CsH 154
lto Superior Boston 3 IS SS H
w nuprnur copper,, - t -9
43 -ramaracK -T7 374 xu
70 Trlnltr r,4 11. r.il
JSIO II S Smelting 43 43. 45 42
Il'S Smelting pt.. 474 474 47 47
r Utah Apex 4 7-14 44 4S 4H
4M ftah Cons 144 14 14 n
tOtllah Copper 474 474 474 474
V) Winona 4V 4'4 44 4U
TfolTeiins 1W 41 41 61
RAILROADS,
113 Boston Elevated.. 75 7t 71 74
:il lloslon & Maine.. II 11 .11 31
IS Mass Elec pf,..,.. fi V 37 Wl
V2 N Y N Jt i ft.... fm U; r.4'i
6 lroT 4r Wore 500 S ao soo
75 Union Pacific lit mtt 1:1 1:414
MISCELLANEOUS,
t An Arr Chem.,.. t: 13 tl t:
ii Am Pnen Her IS "S 34 :v;
10 Am lneu Ser pf.. 17 17 17 17
30 Amer Hugar 104 10S4 101 1044
r Amer Sugar pf...,lU IIM4 lis lieu
to; Am Tel Tel.....i:s4 1:1 171 i:aC
1 Am Woolen pf.... M r? 117
IT, Atl O 4- W 1 114 llli 114 lit:
KtO Atl (I 4 Vf I pf.. 3T4 4 37 374
IS Kdlson 537 7 137 337
416 Maaa Oa 17 IS4 Km
10 Mass nas pf M4 K't a4 HSU
11 Swift a Co 110 110 W. l.r.i,
e Torrlngion K4 14 3:4 g:4
30 Torrlntton pf MS Zt :H 3!S
iv iiii riuu rx uir,.,jii iJl'l im 1.7
270 tin Shoe Mch..... 63 43 614 H4
U tin .u V.k l M ..I? nil'
11W tl S Steel .'. 04
I1IS Steel pf lOlt; 1C4 1044 1094
BONDS,
tioos Ami it T 4s...
43 414 414
m :i4 :4
4044 44 r.n,
leM, 1044 1094
'mCOA1?! Vf flit 7l8 Tl3 Tut
10m N E Cot Yarn 71 Tl tl 72
UM N Y Cent deb a.. 104 104 104
104
THE BOSTON CURB MARKET.
Boston, June 14. The closing Boston
curb bid and asked quotations:
Bid, Asked.
Alrarado , 70 .40
Bav Stale Ou 11 1
Ilrso.le 1 u;
ninjiiam , as 44
llnhrmla , ; 3
Ilortnn Kir U i
llutle A London , .3.1
Culavrras 1U 1
Champion Conner , 10 .11
Chief Consolidated , 1 14
Cortes to M
New Cornelia 74 a
Consolidated Arizona 71 ,M
irnwn neservr 70 .75
l,ivis Daly , 14 is
Kail A Bluebell Ill, 1
First National Copper :s 2,
nougnion 44
Iron lltoaaom 44 .an
La Rose 41 ,41
Majestic 14 t7
Mckinley narragb .'.'
Meiiuan meisis s4 ,rf
Mine ot America 24 :H
New Ilaitlc 34 34
Nevada Douglas 44 .CO
Ohio Copper 33 ,r.
Oneco 14 14
South Lake 64 64
Stewart Mining 3 1.14 3 S-H
utan Meiaia 44 4 8-1(1
United Verde Extenalon 4 t.14 4 7.1
Yukon Gold 34
Consolidated corosr :4 st-li
COTTONSEED 0LL.
Further declines to new levels ware
made. July oil sold at 6 cents. Liquida
tion for western and Southern account
was reported. The demand from refln-
era was readily supplied. Consumers
are contldent of lower levels and their
Indtrrerence Is against speculative demand.
Closing Prev, Clo.
Prices. mi
Spot,,,, ,, 1. 404)4, 04 s,5
July 4.004.41 g.ot
Haptmb .IS04,4 a, 41
uectmsai'V s,41f,4 .4I
Futares Close Active Prices II to
IO I'olnts Up.
The coffee futures market closed active
and firm, with prices C to 10 points up
on transactions of 61.500 bags. Heavy
switching operations again featured the
market. About 33,000 bags of the day's
business represented exchanges of July
for March on an even basis. In other
transactions of this nature July was IS
points over September and in points over
December. Dei-ember was at a premium
of fi points over September.
The market was somewhat easier at
the atari, with trading dull, but In the
afternoon there, was falfly good buying
of July coffee, which resulted In a firmer
and more active market all around.
Offers In costs and freights at Braill
were unchanged.
Brazilian markets on Wednesday were
featureless. HK 7s nnd Santos 4s were
unchanged at'tjs::. and DJ600 respec
tively. Itlo and Santos receipts totalled
18.000 bags. S.10 Paulo had 17,000 and
Jundlahy 10.000. The rate of Itlo ex
change on Ixmdon was advanced to
12 Ifi-12d.
Prices were:
High- Low- Clos- Prer.
est, est. Inc Clrmf.
'one 5 ji t,7j
July 4,1 c 74 n.tio 1,1:
August c.7t ,
September ., 6.74 4.47 6 73
October It 74 4 73
November .... 71 4 71
December... 4.7S 4 71 4 7J (73
January 6,u .;
February 6 ,7a
Marrh tl (to ( si (S3
April ... us s to
alay 7 00 ( 40
THE SUGAR MARKET.
Farther Active- rltr hlng Is Fra
tore of Fnttirrs.
Tne raw sugar market was Irregular
yesterday. Cubas eie steady at 4.H9
cents, at which price tlie Federal Sugar
Keflnlng Company took 7,5no bags.
About 13,000 bags of Porto lllcos sold
at 4. SO cents, duty paid New York, which
represented a decline of 1-32. A cargo of
Philippine also sold at this level.
The refined market was unchanged,
with all Interests listing standard granu
lated at 6.10 cents and ready to accept
new buKlness ut 6 tvnls. The demand
for withdrawals on old contracti was
somewhat better. ,
The sugar futures market nt the ("of
fee Kxchange yesterday was feat u led bv
rurther active switching. The market
was barely steady, with prices 1 Id i;
points off on transactions of 10.200 on
Prices were:
High- Ia. Clo- rrev.
est, eat. Ing. Close.
.Ilina. . ... 1 a -
July 3 41 I'.H 3.13 3 s
August 3.44 S.DS 3.94 3.S!
U.,,1 .m.. M At A AJ .A. . . .
October 4.14 4.10 4 0 4 11
.iviinim ...... .... S.IJ5 4. JO
ni-.inli.f t t? IV m
January J.'si rts 3.51 3 6
r"unirj,.., a SI a tl 3 45 J Zl
March 3 . 4S 3 51
Anell . ...
... ........ .... .... t ib
ilay J 47 s :i
BUSINESS TROUBLES.
JULY INVESTMENTS
We own and offer, subject to prior sale and change In price:
NMCt $250,000 STATE OF NEW YORK
4H Gold Bond
NMC 200,000 ATCHISON, TOPER A 64 SANTA FE RY. CO.
General Mortgage 4 Gold Bonds
NMC 335,000 BALTIMORE Si OHIO RAILROAD COMPANY
Prior Lien Mortgage $Xi7o Gold Bond
150,000 BETHLEHEM STEEL COMPANY
Firtt Extension Mortgage 5 Gold Bonds
125,000 CENTRAL PACIFIC RAILWAY COMPANY
First Refunding Mortgage 4 Gold Bonds
50,000 CHESAPEAKE 8 OHIO RAILWAY COMPANY
First Consolidated Mortgage S Gold Bonds
100,000 CHICAGO, MILWAUKEE & ST. PAUL RY. CO.
NMC
NMC
C
NMC
e
NMC
NMC
NMC
NMC
i
C
NMC
4 Interest To YleiJ
Maturity i i Payable t . About
March 1, 1065 March-Sept. 4.02
Oct. 1,1995 AprilOct. ' 4.29
Coup. Jan. -July
July 1, 1925 Reg. Jan.-April 4.52
July-Oct.
Jan. 1,1926 Jan.-July 4.87
Aug. 1,1949 Feb.-Aug. 4.6970
May 1,1939 May-Nov. 4.65
May 1,1989 Jan.-July 4.46
General Mortgage 4 Gold Bonds
50,000 CHICAGO, MILWAUKEE Aa ST. PAUL RY. CO.
Chicago fit Pacific Western Division
First Mortgage 5 Gold Bonds Jan. 1, 1921 Jan.-July
50,000 CHICAGO, ST. LOUIS fla NEW ORLEANS R. R. CO.
Consolidated Mortgage 5 Gold Bonds June 15, 1951
75,000 ILLINOIS CENTRAL RAILROAD COMPANY
Extended First Mortgage 3 i$ Gold Bondi April 1, 1951 April-Oct.
200,000 LAKE SHORE St MICHIGAN SOUTHERN RY. CO.
Debenture (now Mortgage) 4 Gold Bonds May 1, 1931 May-Nov.
85,000 NEW YORK CENTRAL As HUDSON RIVER R. R. CO.
First Mortgage 3$ Gold Bonds July 1, 1997 Jan.-July
150,000 NORTHERN PACIFIC RAILWAY COMPANY . .
Prior Lien Ry.f Land Grant 4 Gold Bonds Jan. 1, 1997 juV'-Oct
50,000 PENNSYLVANIA RAILROAD COMPANY "
Consolidated Mortgage 4 Gold Bonds Aug. 1, 1960 Feb.-Aug.
100,000 ST. PAUL, MINNEAPOLIS & MANITOBA RY. CO.
Consolidated Mortgage 4 H Gold Bonds July 1, 1933 Jan.-July
75,000 SOUTHERN PACIFIC COMPANY
San Francisco Term. First Mtge. 4 Gold Bonds April 1, 1950 April-Oct.
185,000 UNION PACIFIC RAILROAD COMPANY
First Mtge. R. R. At Land Grant 4 Gold Bonds July 1, 1947 Jan.-July
4.43
June 15-Dec. 15 4.55
4.45
4.76
4.38
4.37
4.29
4.37
5.20
421
N Legal Investments (or Savings Banks and Trust Funds in New York.
M " " " " " " Mussehusetts.
r ii .. I a, f
. , , . Connecticut.
T Exempt from Federal Income Tax.
Interest on these bonds it being paid without deduction for Normal Federal Income Tax.
We recommend the above securities for investment. Our Bond Department will furnish full particulars
concerning any securities about which more detailed information is desired.
HALLGARTEN & CO.
5 NASSAU STREET
NEW YORK
N,AaJ,A.v.HAMT AND onus' fOM
PAN1, INC.. 1S1 ond 153 West Nine,
teenth street, petition In bankruptcy by
creditors. The company made an n.
T i.l'.V.'.V' on..J.uP1' ,n Jacob nernsteln.
Liabilities, fio.ooo; ussets. 15,000.
JAC'UII KOHNltKICH. furniture. 143 Esse
street, made an aslcnment to Frank
Hehnarts. A petition In bankruptcy Mas
u aa tiled asslnst him by creditors. Lin.
bllltlei. 111,000. assets, 44.000. He began
business In IsSl. He filed a petition In
bankruptcy on January !, lsot. and re.
reived a illscliarss.
JOHN It, DUNN, who kept the Savoy
restaurant. 443 Columbus avenue. pt.
tton In tmnkruptcy by creditors. He
t'iTii.,"" .fl.".,,,n"'n, on Wednesday,
t.lablllt es 4,4no, assets, tit 100
AWn''i''VS.ih Omen's1 and men's
furnlshlns goods, :sj Columbus avenue,
'i1.'1'.!."." "laTnment to IJavlJ Llppoff,
A Detltloll In b.inkriitiiv. .... .i... .tt-,
against him by credlinr..
N. ZRII.KH CO.. INC.. cloaks, sutts
ami sura, bus Math avenue, made an
assignment to Morris M Herher, a netl.
Jlon In bankruptcy nas also nied against
the enmnanv bv i.r.H,r... " 1
irol,n!t().)K A HCHAWEl't. INC., 4rf
Main- aa...... . B . 1 ... '
, 1 a- ruin avenue, petition
In bankruptcy by creilliora. Tbe ror
noratlon mads an assignment on Feb.
"abilities. S3S.3S4; Mts.
MAX KniArmA also known a Mendel
.... ""gersj pjace, nied a pe
tition In bankruptcy: liabilities, 118.401:
no assets, lie has tsenty-eeven credit
ors In I.etptlg. Oermany; on In Im
berg, on In ltremen, one In Parta and
S'.An Al0,t- 1' Judgments for about
$:.000 were obtained again him In
this rltr a few riava am fnp et.--
aKOItflH A rETRHS. clerk, formerly re.
siding at 104 West Reventy.nfth street.
ii.,,, 1 n urwu-H. .- i , niea a petition
In bankruptcy; liabilities. It. 174, no aa
sets. Its formerly kept a hotel at Her
nardsvllle, n. j,
Bankruptcy Schedules.
l.Ep PAFIAN. clothing manufacturer, 114
Wonster street, Hiliedulea show Ha.
hllllles of fis.siij and assets of 4tJ,47.
niCNHNVON & COHK.V, ohoes. :l Itutgers
sireei, scneuuies snow iinhiiiiic- of 9,to
a n.l actual assets of I..4.0,
Assignments,
a. i:i.ni:it()Klt CO.-,i,miul r.lberger,
iniiiur iiiiiiioi nnti Aiurrm ivcnunorn. MJlo
compose-t the Arm of H. TCIberger A Co.,
inaiitifacturers ot women's garments, 1 4 A
K.'.P ilreene street, assignment to Monte
IaiikIuil
TAl.MUO HAT XMPA?rV, INC., manil-
laciurer ni women a nius, e-aa tiroaiiway,
assignment. Tna company wus Incur.
S orated In 1414. Samuel Talmud Is area!-ent.
THE COMPTROUJER OF
THE CITY OF NEW YORK
vfll sell it bis office In the
Municipal Building
Ob Jw 2f, 1911, at 2 P. M.
ft4B.000.000.00 4Vt
Gold Corporate .Stock of the City of New York
Payable June 1, 9SS,
25.ooo.ooo.oo 412qr;
Gold Corporate Stock (15-Yer Serial) of the
City of New lorn
Maturing annually from June 1, 1916, to Jwm 1, 1930, Indudve.
n.latVaeeUa.wJIb.asadn. sanaa. Fev suMptai A M W
fasr '15.000 is a praps far 15 iJX0 itaaaa BkiMnas) fraas M
k. Mtssaa raars. Hs Uds wSI U ascaasl.a (W saaara4a aaaOsmrsas,
asaarsU Prsasxais aasaast has asaasU faar aasik aaVsssa.
The Oretttr Mw York Chirtar prortdes tlut blth msrr U wmAt
(or as small an tmotint is 10 and In rolrlpl4 of lto tor each mrhirtry.
No bid for Corporate Stock la tke strlsi form can b accepted for tea
thin 1S0. , m , . , .
Send bids for sack class In irpsrstc sealed tuvelof as, ancirjMd la
other enelopes sddressed to the CosnptroUer. A Darposit of Two Par
Cent, of Par Value mtut AccompsAjr each Bill Sick deposit soosl be
In money or certified check apoa a Hew York Staie Bask or Tnsat
CompaDX, or any National Bank.
lurllngten ft Missouri Rlvsr
Railroad Company in Nebraska
Consolidated Mortgago
6 Par Cont. lands
DUE JULY I, 1918.
NOTICE 13 imrtEBT GIVEN THAT ta
pur-usnc of a Trust Mortgage Deed .se
emed to Th. New Kngland Trust Companr.
Trustee, by the Hurllngton & Missouri
nallroad Companr In Nebraska.
solldatd Mortgago Hand, due July 1, 101S,
or iJld Itallroaa Company, secured by said
De.d of Truat. has. bora drawn for paaj
raent, via.:
Thre. liundrvd and Thlriera (SIS) Don da
si, r.acn, numncrai
PUBLIC UTIUTJLE8.
John Ntrkaraon. Jr.. has Issued a renort
on the t'acino Mghllng Ciirporutlon nf
California, which may had upon aaipll
ration It shows that In 1X14. ulth a t, a
rem gas rate, uie corporation cirneu :&
per crnt. on Its 14,400,001) common stock
before deducting deprarlatlon.
All nyllesby elsctrlo properties reporting
(or the week ended June 10 showed net
connected load gains of 101 customers,
with .48 kilowatts lighting load and 437
horae. power In motors. N.w hualnesa con
tracted ror Included 454 customers with
424 kilowatts lighting load und (03 horse
power In motors. Output of the properties
for the week waa 7.Stl,3!5 kilowatt hours,
an Increase of 11.9 per cent, over the cor
responding week nf last year.
Th. aalea department of the Minneapolis
Qaneral Kleotrlo Company during th.
we. a .naea juns si secured contraots for
Sll elsctrlo ouatomera, with 219 kilowatts
lighting load and ITS horse, now. r in
motors, and took ordsrs for wiring thirty
alat strdr built houssa.
ror faJler InformatVott a "Oty Reoord," pssAnaked it Wot. 94
and 98 Reade Street, New York, or tXMtvtrlt sjqr aVtak w Trwat Costv
t tkamw m ' fsfsisa j1a4aaafnlWam atVatllaaf' laa
WIullsUI A. PRNDERGAST, Comptroller, Qty 0 New York,
Municipal Buuainj;, new I ock.
DIVIDKNDS AND INTEREST.
PAririr has ami ki.kctkic co.
COMMON STOCK IllVIDKNl),
Notice Is hereby given Hint the ltutlroad
Commission ut the Mate of California has
granted authority to the 1'aclflc (las and
I'.lectrle Company to Issue, during the ear
1915, by ay of reimbursement for net
earnings applied to the redemption of Its
bunds through sinking funds, and as divi
dends on lis outslundlne common stuck,
nw common stork to an amount euutl to
I per cent nf the pir value nf such uiit
standing common stock, th.it. acting upon
such authority, the hoard nf directors of
mid company will meet at 3:J0 o'clock In
the afternoon of June 10. 1915, and de
clare a common stock dividend, amounting
at par to six per cent, on Its outstanding
common stork; that such dividend shall be
Issued In two Installments, one-half on
.Inly 15. 1915. and one-half on December
15, 1915, to the common stockholders of
record at close of business June 30. 1915, In
slock certificates for whole shares of fullv
paid new common stock and stock dividend
warrants for fractional pans of such
sharea which ahall be eschangeable on de
mand at p.ir for stock certlflcatea for
Integral number of shares; that no .lock
certificate will be Issued representing any
fractional part of a share; that such war
rants ahall neither bear Interest nor entitle
the holder thereof to participate In dlvl
dends prior to exchange for stock certlft
(ates; that stock transfer books will not be
closed, and that holders of slock certlll
cates not Issued In their own names should
have such certlftcutes transferred on the
hooka nf the company on or before Juno
.10, 1915, If they wish such dividend to be
Issued In their names,
D. It. FOOTE.
Pecr.tary of Pacific (Isa and r.lectrlo Com
pany Ran Franclsoo, Cal., May 24, 1915,
DIVIDENKS AMI INTEREST.
CITV INVKVriNti CttMl'ANY,
1C5 Uroadway.
New York, June l, 1915.
The Hoard of Uirertors have declared a
quarterly dividend of one and three-quar-tera
per cent upon the preferred stock of
this comp.iny. payable at Its office on July
1st. 1915, to holders of preferred stock of
record on the bonks of the company at th.
close of 1u-lness on June sr.th. 1115,
fltr.liKltlC J. ll.U.I.WAV. Treasurer
TKNNsWSF.k" ,Oi,l,EirT(MPANv!
New York. June 24th. 1915.
The Hoard of Directors hae this day
declared a quarterly dividend on the Capi
tal flock of this Company nf TIIHKH I'KIt
CENT ("6 Cents per sharel. payable on
July 15th, 1915, to stockholders of record
at the close of business on Tuesday, July
6th, 1914.
FRANK H. RUDE, Treasurer.
r 4iT ins :uT5 ::ti
15 (42 1343 2090 2400
44 444 1408 2121 2431
41 457 1449 2141 260
tt 445 1417 2145 2182
91 6!9 1437 .147 2S63
92 724 1450 2213 2174
114 751 1455 2217 2474
123 770 1509 2239 2119
147 779 1535 2261 2907
1C4 779 1348 2274 2909
i 199 790 1553 2297 2949
1219 401 1573 2295 2974
.220 to: H49 2304 2942
221 945 14C4 2309 3005
(247 149 1C77 2312 302O
249 US 1091 2346 3027
250 474 1707 3360 8013
257 903 1704 2394 3053
291 909 1751 2397 3054
301 916 1759 2411 3040
30S 946 1764 2420 304S
,310 973 1747 2428 3074
'317 975 1120 2447 3097
349 9!3 123 2459 3111
S64 1021 1S35 2479 3131
335 1046 14r.3 2514 S167
,427 1044 1174 2523 3164
437 1111 1903 2517 3169
444 1114 1903 2557 3171
I 477 1123 l!10 2603 3176
1497 1U9 1919 2424 3194
'511 1171 1920 2639 3196
I 530 1202 1935 2673 3197
561 1216 1V51 2677 3207
591 1224 1979 2694 3227
393 1279 2016 2742 3235
l 694 1309 2045 2754 3239
599 1330 20(1 2760 3242
I 409
I Ami Slitj-one (el) Honda
bersi
5 91 274 420 554
19 97 '.'9.1 4. J Hi
26 141 2.4 4C9 570
54 154 3.7 4S2 57J
6: IT.', 330 491 (.01
67 1-4 2(3 Ml) C03
70 220 a? 511 1.05
87 233 400 557 434
7TS5
7759
57(0
9314
9241
419
523
841
457
87.1
14
910
940
944
9(1
9(4
The bonds bearing the abov. numbers
will be paid at par at th. office of th.
undersigned, 135 Devonshire Ktreet, Itoa
ton. Muss, on the llrst Day of July. ISIS
with accrued Interest to that date, after
which date Interest on said Honda will
ceaee) In conformity with the terms of tb.
Trust Deed.
The Now England Trust Company,
TRUSTEE.
by JAMES R HOOPER. President.
Boston, Maaa, June 15, 1916.
riTTSnt'ROH OOAI, rtlMI'ANY.
Pittsburgh. Pa., June sard, 1915
The Hoard ot Directors has this .lev de
clared a dividend of One and One-quarter
i in i per rem. on tne rrererren stock,
payable July 34lh. 1916. to etnclinoht-r. ,.r
record at th. cloa. of business July 16th,
"IO. r. J, L,B MulNE,
Mecrelary.
MERCHANTS EXCHANGE NATIONAL BANK
of thn t'lty of Nrtr York.
June 23. 1915.
Th. Hoard of Directors have this day
declared a eeml-annusl dividend of TIlltK.i:
PUR CUNT., free of tai, pall. on and
after July 1,1915, to stockholders of record
ut tb. close ot business June 24, 1915.
K, E ANDRUHS. Cashier.
THE HANOYKIt NATIONAL BANK
of the City of New York.
New York. June 18th. 1(15.
The Hoard of Dlrectora have this day
declared a quarterly dividend of VIVE
PER CENT, payable on and after July
1st, 1915. The transfer books will rtmaln
closed until that date.
KUlint n. tVHITTAKER. Caahter.
HK AIIOARD AIR LINK RAILWAY,
l ive Per Cent. Adjust mrnt Mortgago (iold
llonits.
The Heml-aunual Instalments nf Interest
ou this Company's Adjustment llonds
amounting to !W (153.00), represented by
Coupons Nos. 21 and 22 fur 112.60 each,
will be paid on and after August 1. 1916.
at the nttlce of Messrs, lllalr it Co., No, H
llroad Htreet. New York.
HKADOAKH AIK LINE RAILWAY,
Hy I). !, PoltTKOL'.H, Secretary.
N.w York, June 14th, 1915.
TIIK HANK OK AMERICA,
New Yiirk, June 19th. 1916.
The Board nf Directors have to-day declared
aseml-AUnualdlvldcnd nl fourteen (141 percent,
free ot tax, payable July let, 1916, to stockholders
of record of this date.
The transfer books will remain cloaed until
July 2nd, lilt. W, U. UKNNET, Cashier,
(savings Ranks.
The BowerySavings Bank
1M AND ISO BOWERY. I
NEW Y'OIIK, June 14. IBH.
A semi-annual dhldrnd at thn rate nt
THREE and ONE-HALF Frr Cent,
per annum has been declared and will
be rrrdlted to depositors on all sums nt
15.00 and upward and not eiceedlng
la.ooo which ahall have been deposited
at least three months on the first day ot
July neat, and will be payable on and
after Monday, July 10, 1015.
Money deposited on or before Jaly 10 will
draw Interest from Jnly 1, 11118.
HENRY A. HCHKNCK, President.
WH.I.TAM E. KNOX, Comptroller.
JOSEPH . LIDDLE, Hroretary.
Factory Plant
Thn Otieatnnlp Water Power Com
party or Ilrrhy, I'onurottrut, orTrrs
fur sain a modern factory plant
eitil)in1 with a full llnr or up-to-(latP
machine shop machinery stilt
ahlc for tilt' manufacture of metal
specialties, iMH'vt rltrrs, hilling ma
chines or KHALI, ARMS. The plant
Is located on their water power
prlt llrKc nt llerh) anil Is In Bond
rnnnlnK order.
Address at llrrh, Conneetlent.
SEAMEN'S BANK FOR SAVINGS
74 anil "H 41 all Street,
TlinTltl'SlKIWHAVMOIIDKIIKI) THAT
l.YiT.HKriT be paid to depositors en
titled thereto for the six months eliding
June .Hi. IMS
On accounts not exreedlnr three thousand
dollars at the rati) of POUIl PKR CUNT, per
annum.
Payaulo on and after Monday, July 10,
DANIKt. BAIt.NKH. President.
OKOIUii: M. UAI.sr.Y, ('ashler.
WII.I.ISTO.V II I1I:m:1)1CT. Heorrtary.
New York, Juno loth, 1(05.
.Mil UK
Deposits lo draw Interest from July 1st
or Oct. 1st. or Jan 1st or Apr. 1st must
be made on nr before the last day of the
previous month,
nmilKNIIsi AND INTKREST.
Elmira Water, Light &.
Railroad Co.
Tli" Heard of Dlrectora of th. Etmlra
Water. Light Hnllrond Company, having
de lured a illvtdpnd ot one and three
ijuartera per cent upon the eleven Ter
centum Cumulative First Preferred Ptock
ot the Compuny payable on July 1st, 1915,
noilt e Is hcrtt i;imi that upon receipt of
mui h divided I the otlm; Trustees win pa-
I ui uie r siicrue liomer or tne sinaa
trust i erlllb mi's fur such Heven Per Cen.
turn Cumulative rtrst Preferred Htock a
umouiit ritual to the dividend of one anil
three-quarters cr cent, such payment to
lie mmle on July 1st, 1913, to iertlnca4e
holders of record at the close of business on
June .'Int. 1915
I Checks wl.l bo mailed by the Industrial
Trust Company of ProUdem e, II. I., tha
uitent of tho VuIItik Trtmti'cs
.1. .1. Illllll.'l.l..
PHILIP II. MMOSDH,
I'HLDDItll'K IKIDKI.U
Voting TnmlXat.
Providence, 11. I., June 21st, 1915.
nitKLITY TIU'ST COMTANY.
New York City. June 28, 1415,
The Roard of Directors uf the Kldelltv
Trust Company has dei lar-d a semi annual
dividend "f I'liree Per Cent on the capital
Hoik nf the I'l.niliiitiy piytble m the close
of business Jam 30, ism tu Mockholdera
of re. ird on June 2. l'Jl
Transfer bunks nlW be ctneed at P. M,
on June 25. 1915, and reopen at 10 A. 11,
J ul v I, 191.'
Checks will be mailed on June 10, 1415,
ANUKKW li. MARS, ttecr.tarr.
s
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