The sun. [volume], April 26, 1916, Page 13, Image 13

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

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18
THE SUN, WEDNESDAY, APRIL 26, 1916.
.
COTTON GOES UP OH
LIGHT DELIVERIES
Advance hi Silver's Value Will
Vrnlmbly Tncrenso Tex
tile Pemnnd.
KAbTKHX KELT SHOWfiltS
t.lslit deliveries on May contract
,mountniK' to belt, ecu 1.00U and 1,000
tales ero ri-ponwlblc for tho Minrp HP
turn In c-stpril:iy i-ottnn market. Tho
f0 was At a net Rain of 5 to 7 point.
'slth tho near positions relatively sdron.
The amount of cotton delivered wan the
mlleft for any first notice day on May
rmtraet" within recent memory De
,irle in New Orleans on the name, opt-on
amounted to about 19.000 bales.
The weather map showed light scat
lid showers In portions of Texas and
the Eastern belt. Temperatures were
t.ther low, however. To-day's weekly
neither report does not promise any
ftatur of Importance.
A local linn make tho following breezy
sraljt'.s of the effect of silver on tho
c itton filiation, particularly with rcfer
, to Hid Increased purchasing power
cf China
Wine I.linR Von receives ten ounces
pf silver inch month for his labor. In
Arrll. 1916. this ten ounces of Hllver
ixchangtd Into HnKllsh money nt 24
itnee an ounce Kave him :o shllllnKS.
In Arrll of this year, with the prlco of
niter t 32 pence an ounce, he receives
;S (hilllnps and 11 pence. Lust year his
S'-tual outlay for food probably cost him
15 shllllnirs, leaving hltn only 2 Hillllngs
for clothing This year his actual food
costs are about 20 shilling, leaving him
pearly 7 fliSlllngs for such luxuries as
What Is true of Wttg T.ung Koo U
in trje of tho Immense population of
1'iIU nrul Japan and the entire .Orient,
ho use silver as a currency and wear
cMlon clothes for economy. Win Lung
Koo Is only ono out of one thousand mil
! en to whom silver at 3S penco per ounco
even potential purchasing capacity
for luxuries about 6 nhllllngs per month,
or. o.prescd In American currency,
stout 11.10 per month larger than last
sesr. .Tt.st hou much of thin SI. 10 will
)i used for additional clothing In hard
to siy, or whether tho manufactured
poods are obtainable Is another question.
'Th's purchasing power will, However,
cntinue to accumulate as long as silver
15 j at 31 pence per ounce. It Is this
iTtiier.se added power to buy goods not
ie' manufactured which Is the under
pins strength of tho bulls In the cotton
trarket, but seemingly they prefer to talk
f scarcity of spot cotton hon In reality
pie thora exists. Admitting that Kuropo
has ashore and afloat 1,400,000 less cot-
n than last year, the fact still remains
it America han a record orcaklng i
:!b!e supply for tho last week In April,
ir record breaking mill stock and a record
treaklng quantity of unmarketed cotton.
These latter factors will assert them
iflvf commercially long beforo Wing
l.sr.s Too can find the manufactured
food, which hU newly acquired wealth
soul.l Permit him to buy. If we were
ta'.ll.'h on cotton we would u tho
rarclty of goods and not the scarcity of
cottin an an argument, but we are not
t-'l'ih."
TI.e market closed steady.
Opeti-lllirli.Low. Clos- Prrr.
lnr. est. est. trie. close.
Kit. .. 11.7 ll.Si 11.77 ll.PMill.Sl 11.63
jJr .. u s7 i:.t4 n," i:w3i:7 n.nitti::
imtvr... 12.23 ia:i:.st:,36i:.i:.sfii:a
i-enter is.41 i:.4 i:.Mi:.H i:tsi!is
..r.alry.. 12.IS 17.57 12.43 12.61812.S3 I2.11U1.'.4
Mi; 'ti. .. :: i:.7i i:.i i:e$ai:.7o i:
"Kd
Tit'-' al market for snot cotton was steady.
1 -oi ,ts advance: mldd'tiir, 1215c. Southern
v market as officially reported were uu
r , ;ci tn 1J point advance-. New Orleans,
fa'.ve.lon. 12.2JO : Savannah, ll'.c.;
"ii-,Ys, 12c ; Aurusta, 11.76c.: Houston,
1. 3-
.No Orleans market closed steady.
On-n-HUh-Low. Clos- Prcv,
In; est. eit. In?. close.
'1st . 1! ': 11 77 1U4 ll.71f.ll.72 11 64filt.
. i 11 H 11.00 11 3 ll.94f(ll.M ll.J7fTll.St
fw itr V", 12.0 11 vt 12.02fil2oj 11.970U.M
Is -ml- r l."5 IS 21 12.o 12.16fM2K12.lVftl2.il
:invy . 12.20 12.21 i: w iijceuw 12.wn2.21
The Urerrool market opetie.1 easier. There
n a !a!r builnen In sput cotton, wltli
ridtllni unchansed at 7.57J. Sales. 6v9
ti.et: receipt'. si.W bales, including 11.000
Axerican. Closed quiet.
Open- llliih
. Wi. est.
rirJure. ... 7.JS 7.C2
J 'r-Aumit.. 7.;i, 7.1
Cw .V. v 7.4- 7.43
Jn.-Keb 7SS'i 7
Ths II M b!
;"; Julr. i:"le.; October. 15 3c; January,
ir? mnrKc; iner was auc to open to
ci' ' to 1H points Rdvance,
Tort receipts and stocks:
Re- !it
GOSSIP OP WAIL STREET.
neainUr ntvldend.
The probability that the directors of
the United States Steel Corporation
would not declare the rumored extra
dividend of H of 1 per cent on the
common stock was forecast In the ac
tion of that Issue yesterday. Steel com
mon opened at 83, a gain of ; of a
point over the provlous close, and early
sold up to 84. Its top for the day. It
failed to hold at that figure, however,
and dropped back to 834, around which
price It clung till toward the last hour
of trading, when the tone became easier
mid It went to 83U, closing nt 83.
Even those who had been most certnln
that tho extra dividend would hn de
clared lost hope when the stock dlsplajed
a yielding tendency, and rumors began
to make their appearance to tho effect
that tho Corporation would ndupt the
policy of maintaining the regular divi
dend and of building up n great surplus
for use In the daya when Steel might bo
pauper" once more. That tho extra
dividend of H of 1 per cent., Involving
a disbursement of around 12,500,000,
could easily have been made Is evident
from the quarter figures showing that
the surplus after dividends for that pe
riod 'was 3:,S54,17S.
SHIP DEMAND KEEPS DP
WITH YARDS CROWDED
New York City Calling for
Stractnral Steel New
Iiridpcs Planned.
Shipyards at home and abroad are
full to overflowing, the demand for ton
nngo Is unprecedented, and ships of all
kinds ttnd of all ageei are eagerly sought
by buyers.
A recent snle of "00 tons of marine
Plates by the Carnegie Steel Company re
veals an Interesting shlpplna romance.
The plates wero utilized to repair a coant
wlso boat In dry dock. This ship, now In
service, has the distinction of having un
successfully Imitated a submarine, of
having changed ownership three times,
and of having appreciated In value 1.600
per cent. In tho Inst two years.
A few months prior to the declaration
of war In Europe an accident sent thin
boat to the bottom of the bay and It was
sold under tho water for 17,000. The
purchaser, at a cost of 15,000, raised the
craft and later repairs cost 12,000. Sub
HIDE AND LEATHER OPTIMISM.
ana me owner was dellchtod to tlnd a
ready purchaser at $125,000. The new
owner put tho vessel In dry dock and tho
steel plates above referred to helped to
make extensive repairs. A few weeks ago
this llttlo boat was sold for 1800,000.
Strel Earnings.
Tho quarterly statement of earnings
nt tin. TT.it...! Ot.-I rM.Mn.l..
was well un tn the hent ncrtntlnn. of 1 30,000, but negotiations fell through. A
thu financial district Wall Street had
been expecting that approximately $60,
000,000 would 'be the net earnings for
the first quarter, although there wero
somo who ventured that they would
reach 165,000,000. It Is Interesting to
note that net earnings for the first quar
ter of 1016 aro practically flvo timet
greater than thoso of tho corresponding
period of 1915, being $60,713,621, against
$12,457,809 last year. The net earnings
for the quarter Just ended wero about
19.000,000 greater than for the last quar
ter of 1915, the earnings for that period
being $51,232,788.
Perhaps tho most significant feature
of the recent quarterly earnings state
ment outside of the fact that It breaks
nil previous records la tho startling In
crease In the net earnings for March,
as compared with the two earlier months
of tho year. For January earnings wero
$18,794,912 nnd for February $19.
190.398. During March, however, they
Jumped to $22,722,318, showing that the
scale Is a steadily and' rapidly advancing
one.
nlrrFfnra Will Consider Preferred
Dividend In July.
The directors of tho American Hide
and leather Company adopted a reso
lution yesterday authorizing the officer
to atato to the stockholders that at tho
next quarterly meeting In July tho ques
tion of a dividend payment on tho pre
ferred atock would be considered. Tim
resolution makes It plain that It Is not
tho policy of tho board necessarily to
pay off outstanding mortgage bonds be
fore contttderlng preferred dividends, and
states also that the board awiiltM consid
eration of the dividend question until
July In order that the earnings for the
fiscal year ending Juno 30 may bp ascer
tained. This course. It Is said, w-ns
deemed advisable because nt the sudden
fluctuations to which the company's
business Is subject.
The resolution was Adopted as the re
sult of Inquiries from atockholders. In
Its statement, however, the board sain
explicitly that the action Is not to be
construed aa meaning that It Is com
mitted to the payment of dividends on
tho preferred stock. A balance sheet aa
of March 31 shows total assets of 139.
630.719, Including $1,616,541 tn cash.
The report for the quarter ended
March 31, 1916, shows net earnings of
$556,030, as against $548,794 In 1915 nnd
$147,245 In 1914. The quarter's stirpltm
SOUTH AMERICA GALLS
YOUNG MEN FROM U.S.
Plenty of Chance for Success,
Snys National CHy
Bank Envoy.
1'ruspects,
The balance available for dividends on
tho common stock of the Steel Corpora
tion for the first quarter of the present
year was $3!.207,953, against a deficit
of J5.389.S62 after preferred dividends
for tho corrcsiKmdlng period a year ago.
Thus the balance available for returns
un th common for this first quattcr of
191G was equal to 7.71 per cent, on tho
(50S.302.500 common stock, or at tlin l,Mtors
sequently It was offered for sale st I was $390,665. as against $383,149 for
gotlatlons fell through. A the same nerlod In 1915 and u deficit of
month or so after this the European war $18,130 for the quarter In the year bo
changed the complexion of nil shipping . fore. Tho surplus for the nine months
Several additional large sales of foun
dry pig Iron aro reported to have been
quietly closed In tho Eastern territory
ended March 31, 1916, was $1,299,102.
THE GRAIN MARKETS.
MroiiK Wheat Tone Fresh Crop
Complaints Provisions Mronsr.
A more bullish sentiment ran through
.i.. .... . . . . , . i . . i .
f."!""" L.r he,wee" ?." .Bn..":?'?.tlt was gradually raised under the lead
tons, some of the shipments extending
Into 1917. The' New York Air llrake
Company Is still negotiating for 4,000 to
5.000 tons of foundry grades after Its
recent purchase, and two other larpo con,
sumera are negotiating for upward of
20,000 tons of foundry grades for deliv
ery over the last quarter of 1916 nnd the
first half of 1917.
Very few Important structural con
tracts are now pending In the Interior,
nnd most of tho orders for building work
reported In tho last few days are for
of the Northwestern markets, which wero
affected most by tho unfavorablo ac
counts relatlvo to tho spring whrnt situ
ation. Tcmjioratures wero below the
freezing mark In various parts of tho
Northwest, and there vvcro scattered
rains and snows, sj that seeding will
hardly bo complrto until mid-May. Au
thorities say that late seeding In pre
vious seasons has been a handicap to
the crop, and the condition Is the mora
rerlous this year because of Uie lack
or rarm preparation.
Low- Clos- Prer.
et. lnr. close,
7.H 7.1, 7.(3
7.W4 7 0) 7.604
7.44 7. ".tst)
7.J1 7.41 7 S7'i
bids to Liverpool were: May,
, , oripts, sTsr Ptotks.
Curevon .. .4i' 4.77 731,!W
V Orltans. 7.S37 7.S71 il:w,
?'! MM 10 U.910
t-wannih :.o: :u us.itii
JJvrle.ion... m f.j? 67l)ei
wiiminrion... tn :;i 4,4
ott:k its mi wi.4s:
Interior receipts and stocks:
tjnnsu -. : :is isuv:
V-eirMs..-,-. 4 i.ws ii.9
ft Louts :;t j.O) "fl.tM
"MKOU- t.(M S.7SI MiM
Estimated port Last
receipts lo-dar. week.
ci.Tf Ren t.oo to r..ic
w Orleans,. to 3.000 2,w
Etpom T'ter1,VT were :4. bales.
'a fvr this inn. 4.3,y; baJes.
U: eeason. 7,W.;3 bales.
Last
scar,
4)C,03t
3..W
lri.Ksi
7.V1S
K.343
163.M9
s:.c
u.i;i
Last
sr.
Total
Total
DIVIDEND DECLARATIONS.
rvUorr."nyci!Tir,rrik.8,,t- Am, I"ab"'
-iiiiu.i y, jiay i
r Bdr.nin Corporation, com. llicj April 27
- -..t,wl, v. urporaiion,
. " :5rl April
t v. Manufacturer. ' P
..... uuurr, quar
ter pM.
Clr.rh1e 1 Coal Cor-
I-4T m, quarterly..
J4v,or Wanon Iron and
fe. quarterly.
v:m nd Ice and it.
1. ke
ripi Unt,
u; foro.dated
, 'Pi r quartrlv. . .
' n HUtr't Tl
ii n of .stv jersey,
Y -
' n Villltles.
,"-' . i
1 '"'P ' iek f'eutral.
Hu
ll in
s'k Central,
Hub a'r,
in Huitar, e.
pfd
'i i) Simxr monthly
I muI mi iiBttr. extra. .
iir. ay l
ISfi May 1
l;r May 1
12.00 June IS
f 1.00 April :s
1 April 2 J
li 't May 10
14 June. 1
, l?e Jun 1
-I 30c. May S
- 20c, M.iy 6
- .10o. Mny S
- 20c. May S
There was occasional llmild.itlan In
exceptionally small amo"uts of shapes, tho Chicago May delivery nnd It was
In tho New York metropolitan district, vld-nt that somo of the largo houses
i.owevcr. mere are numerous projects n the trado were not wholly In sym-
largcly for loft buildings and apartment I)athy with the assertions that another
houses, but In'ludlng a few hotels, which hull campaign had received Its Incep-
wlll eventually require bctwven lO.unO ttm. At th- same time tho more san-
aiul 60.000 tong of fabricated steel. In gulne political affairs Involving tho
uie last rew days inquiries for thrte I'nlted States and CJcrmany were con
twetvo storj- apartments, two twelvo ilnclvo to an expansion In the sjieculatlvu
story loft buildings ami ono eleven story trade. Confidence on the buying side of
ion minding navo come Deioro tlio rabrl- i wheat was also stimulated by the evl-
t-ators. l?iirh of thrt nniirtnTcut hn!KM .1 . . .n..in .tAMnH.i n nH .a.
ro. S 1ft ti .v., nnn,.m 4.V.,.., i. ------- - . : "-. 1 I'll '"'k ' '-''
v.... r;111,, Ior nciween t.uu ami i.uuu tons ot wheaL
tho knowledge that much of the steel 1 Mi. n,i rm-h nf inft t.nii.iin.
being turned out was not booked at th ,vm requlro from 1.000 to 1,500 tons of , fstlmitc-l at 00
present high prices and from a review-of MructuraI inciUlpii tn ,ho In- 58,' c7
lh. hailing .vnllnhl. for A vhlem! fnr L..1.1... .1.-. ... - .. Liverpool told nf
-.. " 1 -iiuiricn iiiiii. i-dnie uii ai-iui a iicpk iuto th.it cntri. anil j
are one twelvo story apartment calling for maud for wheat partly In antlclpMlon of
ff' ,0n:-,Vl!0 b,,M,."B T?"M '''I0 imder..ooJ,7hat,n.hlharee'krorn'men5 '.
the December, 1915, quarter It Is evident
that this ratio of earnings on the com
mon stock bids fair to Increase during
the next and succeeding quarters. In tho
December quarter earnings were 5.S3
per cent, on the common stock, or nt the
annual rato of 23.32 per cent
port buslneea for th session
gu.finu miineiB. prwicinsny
ount. The report from
vernool told of a weak spot market at
mat centre ami a generally lemaraic a'
The Cost of War.
The war. according to statistics com
piled by the Mechanics and Metals Na-
t onal Hank, is costing tno nations 01
Kuroiw more than $90,000,000 a day. or
at thH rate of $650,000,000 a vvceK. ana
tons, and another twelve storj- apart
ment calling for 1,200 tons of tfhapes.
Revised bids have been submitted on
500 tons of structural Meet for the Drel-i-cr
twelvo story loft building to be con
structed nt 7 ct llfty-seventh street.
near ViHn .tvenuo; a fourteen story
tn tho market for a fair amount of Amer
ican rr.iln and bullae n-lth thess Inter-
ret Is expected to to consummated this
wecK.
The world's visible supply of wheat
ihoui tho fnllnnlnr tpttda! fn the Tnttf-d
flutes 5S.010.000, SKlnt 3S.000.000 list
ctr In r.inads V7.ooo.oou. aaalnst 20.
oon 000 and tn and afloat for the t'nltej
KluKiImn 02,000,000 bushels, against IC,-
apartment hotel on WVst Knd avenue. , vv'.l iThV rrVetInn tl advance, tn th
ana a nuuaing ior tno lieograpnicai so- i rTarkot
clety nt 155th street and tlroadway.
which will require 1.000 tons of steel
by August 1, when the second year will j each. Tho Kits Hiilldlns. on nroadway
have been completed. It will have cost
$45,000,000,000.
Great Britain alone will bear $11,600.
000.000 of this burden by that time, nnd
Germany's bill will be only slightly less.
To France tho cost of carrying on tho
war by August 1 will have been J9.250,-
000,000. From the Btausiics it is evi
will tcqulre 1,100 to 1,200 tons of Ftrac-
weri ascribed to the advance in
tho wheat list Much of the buying was
for tho account or snorts ana vv '-stern
elevator houses. Th prnepect of larger
country ofTertnrs was against outside sup
port, but actual receipts at interior points
A determined young man. strong In
phystque, mind and morals, has plenty
of opportunities fur success In Bouth
America If he prepares for the work
there, according to O. 1'. Austen,
statistician of th foreign trad de
partment ot the National City Bank,
who spoke on this subject lost night be
fore the Madison Avenue Men's League
of the Madison Avenue Hapttst Church.
The whole question of a young man
going to South America to angag tn
business depends largely upon the
vnung man himself, said Mr. Austen.
He must study before he goes the dif
ferences between the country he select
for his venture nnd th United Mates;
must prepats himself In the language,
the terms of currency, weights nnd
measures and the different habits of
biiiluess and dally life which exist
there. He should study books about
th country and learn Its hl'tory.
"The South American continent,"
said Mr. Austen, "seems to tno In a
position similar to that of the I'nlted
States nt tho termination of our civil
war. We had then an enormous unde
veloped area which needed people nnd
rallwnya and capital nnd manufactur
ing Industries for lis development. The
people came, tho capital was largely
borrowed from Kuropa, the railways
wero built and the great producing
power of the Interior developed, nnd
our exports of foodstuffs nnd then of
manufactures grew by leaps and bounds
until we have become tho moot pros
perous and the wealthiest country of
the world.
"Hut wo have now passed the etngo In
our national life In which, we have any
considcrabln quantities of food and
manufacturing material fur exportation ;
wo require them nt homo for our 100,
000.000 people, and our rank as an ex
IHirtlng nation must be maintained by
the sale of our manufactures, nbroad,
and we need bright, vigorous, energetic
ycung Americans to cooperato In that
work. Our place In supplying tha world
with foodstuffs must bo taken by South
America. Sho needs people and capital
and railways nnd experience. Why
should not the United States, which has
Just gone through the experience of de
veloping her own nrea and accumulating
enormous supplies of capital and wealth,
nld her sister republics at tho south with
theso requirements?"
THE BOSTON .MARKET.
BOSTON, April JJ.-Jlost of the stocks In
the mining trroup closed with fair rains.
Strength continued in United States Smellliw.
American Zinc and Uutto and Superior. JI
tho coppers Osceola advanced JS. topper
HaniT, IS! North Butte, 1!, and Mohawk.
l'i. lloston Elevated was weak. The sum
mary: Open- JlUh- Low Clos-
sales, ins. est. est. i"
Hi Adventure 4Vt
U Ahmeek 100
1441 Alaska Gold 13',
VI.-. Allouer ti
7M1 Amer .In-i I1H
7m Arlion.i Com Va
I'm Ilonansa S7
470 llutte H link S'i
lTf-2 llutte c Sup 01
tSio calumet A Ariz... "3
SO Calumet' Heels l-
m Centennial 14
IIS Chin US
242 Copper Kaiure tilS
L-l'i K.11 llutte 17-4
110 Franklin 9
10 Orcein Cui.wa... 17
Ufl Hancock U4
10 inspiration 4(
THE SUGAR MARKET.
tural shapes, and nn apartment building ' Th'eYo 'rurY of "port" iKsV
ness. althouKh no conilrniatlon or any trade
was recelveil
nt 409 Park avenue will take from COO
to 700 tons of steel.
The H.tltlmore nnd Ohio Hallroad Com
pany has
pocket
It Is eald that th frelrht situation 'at ths
Argentine will operate, agilnst exporting
from that country, even thoucli the amount
1'attirra Attain Strong'und Higher
-Longs Take Profits.
The market for snrar futures was nsaln
stronir and hlhr, with prlcci exceeding Mon
day's hlch records early In the daj on are.
stve buylnr prompted hy the pronounced
strensth In the spot polllon On the adrame.
however, lonrs were disposed to take, profits
and lale In the d-iy the market developed a
reactionary tendency and c!oed at about the
lowest, with prices net unchanjed to points
hi cher
The volume of business was smsller than
on Monday, total eales ajrrriattn 14.9M tons.
Tim situation at larsn was looked upon as
containing elements of ileddeil trenth, as
the Importations are of scarcely sufficient
volume to supply the demands of refiners,
who, tt Is said, are not dlspofed to take or
ders fnr more thsn moderate nimttltiet nf re
fined until ther hare provided the raw mate
rial with which to fill them.
In the spot market there were tales of ie ov)
bars of Cuhas for Apill shipment at jv,r eo.t
ami ireism. r-juai in t- -. ior eentmui;.il ?
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7.11 Island Creek 49
t.'l lslo ltnyale iVt
)"i Kerr Lake 4i
Keweenaw 4
) Lake , I6V1
17n Mason Valley Ji
(i Mass Con U'i
Miami .;
m Mlchltan t,
Si Mohawk 97
li Nevada Con 17'i
m New Arcadlao,,.. "'.i
M Now Mrla 14
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100 Old Colony 3
(m Old Dominion e.vs
217 Oeceola tip.
JM Pond Creek lt't
1U UultK-y 01
7S Kay Con 72
SO .jnt i r. ru
4.to Mwiiinon Ii t'i t.
1.1 Shattuck z:'t n
110 South Lako 7, 74 7S
IM st Mary s Land.,. 70Mi n
iit. Mj Tlntlnn ST- 3Ti SI
yi Sui.enor Conner.. 17
sot Tamarack M M W
100 Tilnltimne. .S ,S7
III. 1J ! Mlicltllllt f'iS 71S S9S
:-, 1' S nir!t pf f 1 81 H
-.-o rth Apex 4S 4'4 4
a - I'tah foil MS 13S 13's
To t'tah Copper JOS 11
14?6 ftsh Metals OS f'4 OS
4i VictorU S S 's
10 Winona 4V 4', 4'i
US VVolverllin 15 H'j 16
RA1LKOADS.
I.-4 Itostnn A Albanr..lV 19 1H lV
417 Hoslnn Klevatcd.. 77 7.1 77 72
1 lloston A Uiwell.l-m lm U7H 137S
A lloston 4k Maine,. 4 41 43a 44
U llos 4 Maine pf.. 4V4 4'4 4 4
loo lloston A Wore. . 4S 4Vi 4', 414
7 Mast Eleo pf 31 31 71
jr. N Y N II ft II .. f0i SI M M
sold Colony 151 161 1M 161
10 Vermont A Mas..l!5 115 116 US
, MIM'KLLANCOUS.
7S Am Ait Clu 111 tif. l-v 0V M
177 Amoskesr pf ...,l"i; loot; 101
10 Am Mi.-iir. i"s i1"
J Am Su.ar pf . Ils'i
r.Z Am Tel Tel Vi'H
214 Am Wool pt ctf. I'7S
3'.AflWl
:i& aoa vv 1 pf... 474
S1 Kdison .' r
:u Mm Oa
ISO Mci Tel t'
7 N r. Cot Yarn.... "
13 N K Cot Yarn pf. f-
SI N K Tk-1 133
it Nine lliv 1M
M PiiUiiian l'-O HI 1
11 HeecH Iluttonhole 1 1 1
1 Swift A Co 12"4 KS 17 ,
im Tnrrlnnnn 4TK 47H 47i
4M I'nlted FTllIt 147 I4714 1461, 14H1,
i;m i n ihne Mach... r7
71 I'u Shoe Ma pf.. 7S
OX f S Pteel 3'i
4 I' S Steel of HSU
m Ventura Oil OS 's lS
tlOND"'.
!Ofo Am T A T col 4s. KU
140V1 Am T 4 T cv 4Ss.l"
JO-0 A G A VY I fa.... ;
:ii Mls Kir Tow tt. "'
: N C Tel Os.... l'r'.
1'Ai Pond Crek s.... 03
The Fames, Loan and Trust Company
Nos. 16, 18, 20 & 22 William Street
Branch Office, 475 Fifth Avenue
New York.
LOHBOft, 15 Cock-spar St., 8. W, 26 Old Broad Street, E. 0,
PARIS, 41 Boulevard Hau8mann BERLIN, 60 Unter den Linden, N. W. 7
Trftvelers' LetterB of Credit, Foreign Exchange.
Administrator Guardian
:s
!'V
3:;
41
m,
J's
M
Siivt
HI
IS
KS
l7t
f7.
73S
',
0
1?
lift
llf-4 ll.M-j
i:?S l.'7S
071,
s:
47S
HU
IS
ar,
M
133
1C1
f?
M'4
RP.
11SS U'
107
-9
W4
4,
8'v
l.3 I
IMS
Id"'. I
IS I
i:S
4JI
C7H
ns
s."H
ll".
S
LIMA LOCOMOTIVE CORPORATION
To (hi Stockholder:
All the preferred stock and a very larce majority of the common
Mock of Lima Locomotive Corporation having been deposited, the
F'eadjustment Committee has this day declared operative the Plan
and Agreement of Readjustment dated March 15th, 1916. In
order to afford the remaining holders of common stock who have
not deposited an opportunity to participate In the benefits of the
Plan, the time for receiving deposils and for receiving subscription?
for preferred stock of the New Companv under the Plan, is hereby
extended until the close of business on MONDAY, MAY Ut, 1916.
All depositors who have hitherto subscribed for such preferred stock
nnd have made the first payment thereon are hereby required to
pay the balance of their subscriptions, namely PS5 per share, to the
Depositary on or befow said date. All stockholders who deposit
their shares and subscritie in respect thereof during the time hereby
extended, are required to pjy the full amount of the subscriptions
for new preferred stock, namely 590 tier share, at the time of deposit
inn. All payments will be noted by the Depositary upon the Certifi
cates of Deposit, and all deposits nnd payments must bo made before
the close of business on the said first day of iUay, l'Jlb.
Dated, New York. April Mth. 1916.
ItOTlERT n. COX. .lecretary.
. 14n llmadwar. .. V. 15.
'CAKV I'AHUOI.L.
Counsel.
. n. cnrrrN.
i haxki.in q. nnniTN,
hAMi ij. it. am.i:n,
Iteadjustment Committer
CUAUANTY TIICST COMPANY OF NEW YORK. Depositary.
WO llroadway. New York City
: -co vv t t r-s ios' i"'S
jo;
7J
7'S
WiS
v.
lOS
107
75
7".
lf:s
?.
les
im id.iced n contract for n coal avtllalde Is ls thn''?ir,., b"he.. 1 nitty paid, which e.taMljbed a n hlili 1 r,l tvcr-i-tti
ho Vnn"triiet..d at niltlmnn. "K"1"" " !.ulr"1!" "J .,'00'00,. i r,wr.l for spot transaction. There were afoTlilcf Conso
to ro constructed at llaltlmore Th. ,pPo.ltlon Is that thr.e condition! ni l 1 runinrs that sales had been mado to rettner. 1'orici
HediUn Iron Construction Com- in.ik for a better ssport oemanj for Amen. . tor .M!ly .htpmcnt at 5,',o c0,t and frcitht Conoltditcl Copper ..
About 600 tons of steel will be eorn t-rv mom. father cond lions - nn,, tll,r, wa, a ,alp J i w) , , po , rnnlnlated Arizona .
rho urn. fubricatorn have, taken L.r2 K.h. 'I'! " ti'l "n""' ,.;',2'J...:1 I Kteos to a local refiner at 1 14c c t f. irron Itcno
9 for the second yenr. or or mtcr ,lUlwlnB t0 co. fa,,ri,y. wh t &TtTlS .
. what thew t'normoui sums i rea.ly ' tructon ,n LonR jplnnd cv for ,h, ";Th.
Itt perhaps, better realized when It Na,ion Sucar Ker .nB Comrnny. te- tT,ent"y dlvriei but thma kst re'po."" , The refined market a. quiet and'
nldered that tho HKcrcBate of the , , fi0 of f.n,,,,.;,,,.,, shapeH. advance. In other rral". Pountry orfer: aPl-esrcd to b, catchlnr up 1th their
THE BOSTON CURB MARKET.
DOSTON. April St. The clotlnc curb bid
and asked quotations'.
Alrar-idn
Ilijr state Oaa
ninsl.am
Ilohcinla
IV-jrnlA
nutte and London ,
llutte and New York..,
noton Ely
llo.ton and CorWn....
Iln.ton ami Montana..
ri
I'otnolldated ...
in conn'
two years war cost represents an nmount
threo times as Breai an ino cm.ru -.iu
There as very little HUar offcrlnc on the Cal Corbln
and the In-I naiy
stroiu Kajlc sn.l Iiluepcll..
renners i-r sitona.
onlcrs. ifiolilficld Consolidated
. ... ... ,. r I ... i In, hive nep.i.ed. the Interior recelntn for I nllt OWII1C 10 the smill Oners Of raws fre 1 lloiljhlnn
ioe,i)uirn.iiiM,i,M,,),i,Mt,i ,nP day amountliis to tino.f)ii. aesln.t .',50.. not disposed to mak .ales Price. froIron lllcom
T" V, 7vL im,H. In th. R c""iract mr a caritniur mm macnine l-(o :,t jar. Weather conditions are . nrmer at 7 4"o. tor nno jranulated
lauzauon 01 w.o ... til0ji and rolllnir mill to bo constnicte.l favorable and there are persistent repo'ts j pniT iohow
unuea oiaici unu
irani , -0 t .nnni.in.. ion nn nt t Hm. sirs, nut many in the trade tear
than the deposits of nil of our national. ' Mk(M1 ,!r0... eomp!alnt. later rsslijj ,,t f more or
banks.
tOH.OOO
war at the end oi wo , ,na b ecn uuai.l ed a com ract for r.On tons bu-h-ls
cost six tmes as much as our civil war I" f,hrlPat,.,l rt-uctural fhanew for the Provisions Further .harp adncei were
i .d.ri, mm tnrtv times creater or IaDncale" 11 uciurai fnapea- ior uie .,rcrt (l ,h t1B mHrket at the hlRl.et level
and will reach a t-uni 'or, ,,n Custom 1Ioup(i to bo constructed at Wll- , ,he eon The contant cash trn l hs.
than tho national debt or tno unitcn . ....,, v c ij,,, 0rdr havlns been resulted In ad lltlonal undoin? of hedecs and
, , i,. i mirm
j-Tiery ume wa. ..-u, ... ... . . . . .. .. v-.ttI construe-
St.itea
of the clock moves the war costs tho
Entente. Allies s:,000.ooo.
Piss-
tit. Company, which lias th ire-nernl
contract.
Lnrkln .t PatiKster submitted tha low
est tender to New York Slate fnr tho
construction of a hlpliway lift bridge
oer llmiiloui recK, .New orK, canine
Hide- anil I.enllirr.
The lndlcatlj nre. nrcordlnt; to a
statement Issued by tho dlreotorb of the
.M..in..n ll. .la mi.l I.ntlir (nmrti.nv
after their mcetlnu yesterday, that be-'fr pen tons of structural Med, but tho
bid eoi-iiIeii the eiiKincers estimate l.y
$40,000. There wero n number of other
bidder". Yesterday It was announced
that all bldn have Ixen rejected.
for, the) vear la out favorable consider.!
tlon will b given to tho matter of divi
dend payments on the preferred Mock.
It Is pretty generally felt In the financial
district that now whllo tho company Is
cnjaylni; more prosperity than nt any
other time In Its hiEtory there Is consid
erable Justification In the preferred stock
holders' demands for dividends.
Tho back dividend on the preferred
stock amount to 1114 per cent, and no
disbursement has been made on this Issue
slnco 1005, when 3 per cent, was paid.
The company has strengthened Its flnan-
Ocneral contractors will submit ten
ders to-day to tho New York Central
railroad for the bullilfns of n pnssonRor
(itntlon at PoUBhkee-psle. uhlch will ro
nulre 650 tons of fabricated shapes. The
Merchandise Hotel or exhibition l.ulldlnc
for the Hush Terminal interests to be
constructed at 132 and 131 West I-'orty-second
street will require only 1,000 tons
clal position considerably and Its cash of steel. Tost & MrCnrd have placed
on hand and lit bank now amounts to)tlm order for the steel wttrlt with the
Ms,- Stock .Mnrkef,
. . TUKSHAV, April 73.
, !' of beeves were 771 hesil, nearly
" or tii h nere consigned to slaughterers,
mere as no reported tradlne In live.
" ' Toe feeling was steady with rather
. nwe-ate receipts expected for tVednrs.
msrkei. Dressed beef was In mod
"' 'leniand at HOKVic for city dre.sed
"llve 1et,
Hcceiols of fUe were Ml bead. Incliirt.
413 for the market, part of which
:.V Ul arrivals. Trade waa limited, but
y en about steady. Common to fairly
a ;1"1' '"'d at ITfl$10.: per 100 lbs.
ViJ dr"''l veale wert steady at KSO
..l,h S'lsctsd carca.sse esceedlni
lie lie?"' co"",r' dressed firm at
ftecslpts of sheep and lambs wers tit
"a. In- ludlnr. with previous arrivals, s
"P ' Hheep wera almost nominal,
r'.. lambs duili tha peiia w..
Vii'.V" A ,aw unshorn sheep sold at
i.'." Per 100 lbs,; medium unshorn
inr Hi 111 Jll. merflum Hlnn.rl f
).)S J .,o; a f,w medium Hta.ta sprlnr
somethlnc over J1.SOO.000, while, Its
profit and loss surplus Is $5,545,391.
Slrrt-Miitll Marine.
Exceeding even tho transactions In
United .States Stee.l common on a day
when u waa possible that an extra divi
dend mluht bo declared the. total turn
over In Marine preferred yesterday
amounted to 106,500 shares. Tho stock
sold within i of Its former high
record price reached durlntr last Janu
ary, iidvanelnR to S4W. It failed to
hold at that Utture, ho-er, nnd closed
at SI '-j, a train of ut of a point
over tho previous close. The common,
while not t-o p- Ive, displayed mote
strength, ndvan njr 1V4 points for the
day to a close of L'3. At one tlmo yes
terday It f.d ns high as 25, the
highest flguie which It has ever touched.
Tho strength of the common Mock and
tho failure of the preferred to hold Its
sains In view of the strength the lat
ter Issue manifested last week led to
tho rumor that tha American Interna
tional Corporation, which has been
credited with the recent heavy buying of
the preferred, had tilled Its order and that
the common was now being accumu
lated. The buying of the Junior Issue
was reported to have been for the .c
count of the, International Banking
Corporation, the controlling Interests of
which are closely linked with those of
the American International Corporation
and the National City Hank.
American Ilrldgo Company.
The lloston Klevated Railroad nnd tho
city of Hoston Jointly rt-coiveil bl.U for
tho construction of two lift bridges over
the Mystic Illver, which will rcrpilni
1,750 tona of structural steel. The bridge
for the city of Hoston Is to be finished
by l'-cbiuary 1. 1917, and that for the
railroad on April 1, 1917. No award
has been announced.
see
Rldlltz & Itoss hnvo received the con-
Chicago price.;
Whest:
May
.miy
epirmber...
Corn:
M-iv
Jills
0. Us.
May
July
Pork:
May
July ...
1. ard:
May
Jtllv
itibs:
May
July
New York wheat prices were:
May....
Arrll.
May
June
July
Aurust
September
Octol-er
Opo'i- Hish- Low. Clo. lYev.
In?. et. est. lnr. close,
hp. ins ins- ins ii7s
n:s U4J n:s ins n:s
iioh ins iiov, ms no'.
75 S 7H 7S 7Mi
7S 7S MS 7tS 7S
44, 4S 4IS 41. l,
47 43U 4:S 47 CS
:a..v :ik uio :s-v mm
:j.s :ks 73 3!. :iw zzz:
4! i:m isc issji i:r
17W KM 12 47 17.U 17.37
17 47 ISM 11 47 1S1 IS ST
i:o is.so i:m 13.73 1:1
CSoilnr,
.... 171S
THE METALS MARKET.
-
Clipper Flriu and Qule-t I.e-nil In
Modernte flemsnd.
Copper was firm but quiet jssterday.
rroduclns lnterets have little If ny elec
trolytic to eell before Aucust. but some of
thH emaller producers and large eelllni:
companies have Mny, June and July left
over, which Is belnir sold at close to 30e.
for May. 79Vjc. for June and :c. for Julv.
files were made at these prlcea yesterday
by second hands, but ths prlco rnntre nas
Vic. for the higher In some Inetancen.
April or prompt shipment won offered by
second hands at JO'itfSlo. l-'or shipment
In Heptember or later months holders were
aUlng 7Sc . .
Tho demand for refined metal ho fallen
off nul.e sharply, but buyers of wire and
tract for 300 tons of structural steel for other finished shapea are still anxiously In
a telephone building to be constructed
at l'aleion, It was reported yesterday
that the American Urldge Company got
a contract for tho Brldgehaln bulldlntr to
bo constructed It) New York city requir
ing about 1,000 tons of steel, but this
lacks confirmation, nids have been sub
mitted on 850 tone) of steol for a high
school to be constructed at Portland,
the market Home wire drawers are refuw
lnr new buslneea. Exports reported yenter
d iv were 1,200 tons to London and Liver
pool, Mnce April 1 total axports have
been It. 7 60 tons.
The Ixindon market opened yesterday
after the holtdsje at the same, level as the
close last Thursday, American electrolytic
belnr; held at (140, spot standard at 1131
and future standard at fl24.
Tin nii steady here but dull nt lOHJr
tps.c. for spot and April. There In eiill
Mo. Plans and specifications for tho much dimcultv encountered In securing
construction of a sugar refining plunt at permits for shipments from thp straits, hut
Boston are In the lunds .of fabricators. Wlnn e'w
It is estimated that 3,000 tons of struc- York jettcrday from Liverpool, mihlng
tural steel will bn required for the flvrf 5,.13f. tons arrived since April 1. and Ho
or six dhferent buildings that will be to 00 tons more will come In before the
..nnuir..ei...i t.-j. .",. .,. . c ose of t .e month. The I.on Ion market
constructed. Tenders nre to be submitted . ,..i,-r m n decline, of is on .t.m
on April 37. On the samu day bids will Htruiia and 10s. on s.andaril Hpot Htralts
bu put in on the construction of a ten ' sola at u?s. ine r-ingnpore marKei was
vlnrv telenbimn li.ilbllnir nt tlnv.n "P " to IIBS 10s DUl is eipecieu 10 be
IRON AND STEEL MARKETS.
Farther llnylnK of riff Iran Strel
IMpe) Adrancea.
Thera was aoma further quiet buying
of Dig Iron In the eastern territory yes
teruay and several similar contracts are
on the point of closing, amounting to 30,.
000 tons. At Pittsburg one consumer has
taken 20,000 tons of foundry itrudes and
more lre tonnages of basic and besso
jner are under i.iilUlloii.
There ro ilgns that the extraordinary
demand for rollad ateel products Is
mailer In volume. In somo lines pur-
"7". (iff fi.vuiuiii n,n rina chaSOS nave ueoii miiii
ms, at i to head. Dressed mutton ...einexione aa-alnat contracts are 21 nor
M 1 Cf-ni. lee. UUV l-i, ..M. W......UW ,au,tj
The great demand for wrought ateel pip
la reflected tn the new discount card Is
sued by the National Tube Company, show
lnr un advance of Z te & points on stand
ard black pipe and 1 to 4 points on gal'
vsntsed pipe. Thl la equivalent lo
a ."ss quiet at H1lc. ner lb.:
'm!'n iwillc: h0. dressed. U'llo
crt-mirv ilrn.ed hothouse lambs un
oiuge. at imtt per carcass.
ler.ip,, of , wer4 , hM( .
eluding about half a car for the market.
selling at lltwllO.21 per 1 .;
at ti.7i. country sVreetta bog
"MM lu. m n.
te
tit per fan on black aa II to w per Ion
which will require 1,000 tons of edruc
tural shapes.
e
Several other steel building contracts
nre pending In New York city, Including
tho Htrathcona npnrtmcnt to be con-1
structed on Fiftieth street, tho Khubert
Theatre on Forty-fifth street, eacn re-
quiring about 300 tons of steel, and an
upartment house of thirteen etorles to be
onstructed nt Madison avenue and
Seventy-second street which will requlro
1,300 totiM of btructurnl shapes. Hans
havo been prepared by Klels A Johnson,
Brooklyn. The New York Bridge Depart
ment will recnlve bids on May 4 nn 300
tons of structural steel for repairs to
the Williamsburg Bridge.
louar to-dav.
Lead In moderate demand and
steady, with rales of April and May at
c, lat fit. Louis. June was offered ut
7Sc. The New Ynnk price was 7Hc, for
spot, April and May. London waa down
l'Ja. til. on spot to (14 and futures down
10. to C34 ts.
Hpelter la dull and lower to sell. Deal
ers and producers are anxious to ssll late
ne.lver.VM. n,iul Ie Itvid &t StC, A.-rl. ut
18'. i-., May at 17Se, and Juns t 17Uo.
Third quarter Is offered at KUc, East St.
Louis.
COTTONSEED OIL.
DAILY FINANCIAL CALENDAR.
KX niVlDBND.
Company and Term. .Htk, Anil.
Harrison llros., quarterly...... pfd, lli'i
F, W. WoolwoTth, quarterly... com. 2
DIVIDENDS 1'A.TABLK.
Nerth Bite Mltitnv, quaHerly I0.
The rarlv advances In the market ranred
from 10 to i) points. There was quits a
little buying for outside accuunt, baseil nn
the continued strength In lard Actual
nil Is being well bought at the hlrheut
prlcea on record. In the lute trade the
local list reacted, with evidence of llqul.
datlon In the near months. Thursday will
be nrst tenner oay ior aiay au.ivr.y.
. . Prey,
closing
I'llcet.
Hpot 10,10
May 10, 14010. I
July 11.0iSll.0S
flsptemfctr
October .!! t.ll
Close
lll
lu.r.o
in 14
if .o;
It, IT
t.ll
March
1'uturcs , Jerome Vcrdo
! Li Itoss
Open-Wrh-Low. Clos- Trer Malretio
In est. est. Ire cIo- MeKlnlry Oirrash
. S 405iJi: S J- Vexicau Metals
, 5 37 6 57 f37 SWr. 42 t a Mtp.-i of America
I ll-ii t 6.42 Nc H.lllU-
, fV t( 6 52 f44 K 47a; 4J 5.IS New Cornelia
. fif-4 6 Si 54 6 'Sfiisj IM New Ctah niutbam
. l!( S1 f. '.4 tSStltM l:i Nevsdl DoiUlas
. r.67 ill 6 5 4 6 63BS.'.t 6W old Dominion receipts,.
4S9 4 70 4 1 4 e--l Tl 4'." Oimndira
4 65 IU 4 Si 4.MOI 57 4 .V) Jlil llutte
4Hli(W 4 60 i .outhft Mtnml
tw.irt Mlnintf ...
THE PHILADELPHIA MARKET.
PlIILAnKl.I'llIA. ApHI 75. A number nf
local slniUs were hlst.cr tndav Cramp St
Sons sold up 3 points, hlectrlc Storsje
pained on odd lot sslej, and I-ako Suit-rtor
tiaproied S The summary:
Open. Hich. Low. C1n.
Sales Ins. et est. tn.
.-,) Am lias z i-i 1:0
:z Am Ity s 85 s S S'S
170 IlaldMin Ivo.... 1.7. i;, f7 f7'4
W Cambria Iron 4", 4 4S 4"
i Cramp tc S-ons,... M (3S M M
79 Klec Stor Ilattery 6'i f.9, fi, t:.i;
10 rien Asphalt pf... 71'4 71', 71S 71W
6-1 Keystone Trl .... i:, W-y 13', 13S
?1 Lake SUP Corp... '4 S. 9, 9V
70 I.chlsh N.1MS ... 74 71 74 74
M lx-hl.-h Val 11 It.. 7"i 7S 7'S 7S
116 1. V Tranlt pf... 41 41 4J 43
IW Northern Central, H J H k7
SM I'cnna It H IIS ' 6'S IH
16 l'rnna Salt Mff..lfi l"i 100 y0
110 lVnna Sttel pf.... M 's 94 M
71 Philx Co. ,. 40'i 41 4.14 41
17 I'htla Co cum pf.. O', 42L, t:, 4:4
J.HI"illi Kleetr.c .... 27 S7, :7i; VK
154 I'hila Hap Tran. 17', 17't it, us,
6W Phila Itap Tt t e. IS n i:; j;J
li) Hea.liiiir it H S3 S3
ttt) Tonnpnh. Itclmont 4i 4i 4S 4";
0 Tnnopah Mining.. CV S'J S'4 f.i,
10 1'nlon Traction... 43 43 43 41
H 1'nitrsl lias Imp.. 67 J7 if (7
17 I'nlted Cos N Ji.,277 227 27H 22,-il
100 Warwick I & B... 1HS 104 tou 101;
1(0 York lire 12S i:, 1:4 KS
BONDS,
tt-1 Am Oas h Kl; 6s. 3S SIS 93 93
S,0 City 4s 1V1-J 10JI, p,2S K IMS
3M Klc 4 I'co Trao 4s MS MS SIS H',
HV.) Klc & Tco Tr3C 4s 79', 79', 79'k 7.T4
1ioo Ih Val ten ISs. 102V 102V, 102 lCJV,
I'.tK') L V reu coil Drexel
rms 4Ss IC'i loon; joou jftvi
riwo Ih Val ren 4Ss looij jooi, w it.il
sw U-h Val Tr ref 6a M'5 sr.-i, 92S W4
8S00 Nat Propertiee 4-6s 70 70 70 .70
2, Pa It 11 sen 4s 101U 101 101H 101H
l'a n It i-on 4SS..PV.S loss l,vv lfs
lusi Phila Elec 4s V2 sri 1,2 U
lil I'hila Klec 6s IM 104 in( 104
ldoo Iteadlmr urn 4s . Pt 91 94 9 4
2-i Mian Am Iron (is li:'i 10:14 lost; 10:11
("M United Hrs lnr ( 71 71 71 71
THE BALTIMORE MARKET.
IIAI.TrMOTtR. April 2-C'os,1on Issuea wera
active ami urunr, i-nucipai gains rli-euhere
Mere In llaltlmore Tube, Davison Chemical
and l'miinylvama Water and Power, The
umniarj .
Oprn- Illith. Low. rnos.
sales nif r.i est; inc.
S3 Aninuei n a u. ?1
60 Haiti Tube 1I3S 114
i Haiti Tubo pf.... Mi 9414
6 Con Trust IN IMi
140 Con Power f v
t'.O Cokilen Itef 70 20'4
2327 Coeden O & O.... 7'4
lisn Cn.flen O fl pf.. 4'-. 4
270 llavltmi Chem ... 67S 'sl4
3! Kqultable Trust.. 37 57
It Farmers Mer... 4'. 4
ms
941.4
1ST.
10li
20
7S
4S
(7,
27
46
6 1'nlellty Dcp...mi 133S 133't
f.l llousion Oil 16 in if.
10 Maryland Cas,.,. MH MS MS
140 Mt Ver C M pf... MS US US
75 Northern Central. M 6714
100 Okla Hef t!
20 I'tlin W It P. ... 72 73 73
146 I'll Tl Klec 27 27 J7
20-) VYarland 0 4 0 S'i U ti
BONDS.
tSOOO A C L C ctf 6s. ...101 103 V".
2000 City of Hal 4s, '67,100 100 1
3200 City of Hal ts, tl.ioo 100 100
SM0 City of Hid 6 100 100.1 inn
fAM Con lias 44. ....91 93. 91
4WI Coden s., .,122 122 13
1000 Klkhorn Fuel 6s,, 11", lOfli; 101.4
im Mer k Mln T 6..102- 10J
looo Mt Ver C M notes J9S MS
4000 Mil ref 4Ss J M
cooo un Rr A Eleo 4s. i!U to
loot Un Ity Jh K lac a tVi. li
10.'
U I3U S3V1
S IV 47V,
fl!
Ill
9414
iv.
109
21
t
37
45
If .IS
16
l!S
MS
'S
73
102
100
100
iot.
Ml.
122
1O04
102
MS
S3
Truro
Tonopsh lleln.ont
Tonopab Mining
rnlleii cr,ie r.xic.ieinii.. .
I'nlted Profit sharing... .
Yukon
Bid. Asked
.60 1.
.16 .17
11S IS
2 :s
.M 1
,M ,5
:S 24
.4.-, .61
.64 W
.$5 .t-7
4S ' 4,
1. 2
.60 ,7-'
IS 2S
1 IS
.M ,K1
f. (1
l'i l'i
4 (
6S 6S
.10 .91
SS 2S
IS 5
Hi lit
.5 .f2
.(VI .65
.50 .f.4
.37 .42
IS 3S
2S 3
ns 16
: s
.54
.50 .75
.14 .It
1 IS
2A IS
US
is 1;
.30 .34
I 3
4 6
ri;
ws !'.
f1
THE CHICAGO MARKET.
CmCAOO. April 2S There waa a dertled
Intprnvemen In the tone of the market, Mil
trading reflectel Utile Interest S-earsjItoc
biictt. Stewart W-irrer, Union Carbide anl
Chlcaco 1'neumatlc Tool made substantial
palne l.nna neparimcni ocu ami pnis-i
steady. The summary:
Open- Illrti- Low Clos
Sales. insr esi tsi ms,
o Am shirnuiui 4i't
5 Ilnoth nh 90S
6 booth Tih pf.... -3S
91 Chi Pneu Ton! ... 7"
1"1 Chi Hv series 2 .. IS'i
21 Kdtson H-
I IMimonl Match. .1"7
6 liccro pf ... Hl'4
20 Hart S Ir M ri...U'i
a U'.inoii Prlcl;.... 71
w Unl-ay Llcht ie4
po Mtvlsar Lluht Pf. 10
IS Mont Wsr.l (if ...11Ji
S5 Nat Carbon pf... 1.2
6 Peoples Cas to.s 1C2S l"ii, 1
z nin.ic -rrvice... iv
I Piilillc Service pf ltd
IM iniblio Venice rts IS
10 uuaKer ti.ns rui
31
7J.,
7M,
13S
III
107
tun
114
71
It
10
113.
17.
IPS
110
IS
K3
41S
511.
IV.
H2
107
MS.
II
7?
tfltt
10
113
1C2
4
31
73S
7S
13S
14'
1"7
!3i
11
73
11
1)
113
12.'
The BuonviKe Railroad Bridge Company
(Missouri, Kansas & Texas System)
A (Jcfdult having occurred in the payment of Interest clue November 1.
1015, on the I'irst iortRace Ixntls of the Company, nnd a Receiver having
been appointeii for the Missi, iri, Kansas cv Texas Railway Company, the
! lesv.'e oi me property oi ine nmve-nameu tompany, tne unoersiRneel Com-
! mittee, at the request of a laro number of the holders of the above-men-
, Honed bonds, has been formed 'o protect their interests. It is important
: that holders shall make prompt deposit of their bonds with the METRO-
I I'OLITAN TRUST COMPANY OF THH CITY OI- NOW YORK, the De-
! txisitary of the Committee, at its office. No. -to Wall Street. New York City.
. Copies of the deposit agreement mav be obtained from the Secretary or
I .1.. i : . . c :. ...II-.-....... 11 . . r r i .
me iJt-(To;ii;iry. ijeposuori win receive iiesouaDie ceriiucaies oi aeposit.
Coupon bonds must be accompanied by the coupons maturins No
vember 1, 115. and subsequently, and registered bonds must be accom
panied by properly executed transfers thereof in blank.
K.MKHsn.N W JUtlD. Sen-eury.
37 Wall Stieet. New York.
MASTKN NICHOLS. Counsel.
49 Wall Htnst. New York.
noitl ltr STItt'Tlll.RH. JR.. Chairman.
WcksI. Mtruilien Co., New York.
josr.i'li k. fi.i-.tciii:k,
1 JrtMdcnt Comnni Worsted Co.. rrovtdence,
wsi. iirs wsiirtniv.
DlrKtor The Home In-,urancc Company,
lommlitee.
FOR SALE
Arizona Copper Property
Intensive holdings ,ocated In ve' knovn
dlMlend 1'iir t il.-'ri t. one mile from
railway, ex ellent shuninc cornier and (told,
omiil-te report farnihe,1, references re
.jitestel rt ft., huv 137 Pun offlee.
CUSTOMS DECISIONS.
MS
110
s..
6 t-Hnrs-llnehucU .. 1T"i 17i"4 17U
12
3i
lot
110
IS
S2'
17",
12-5
US
ft rare-Itoehnok pf.!2 12
an siowart Warner.. M'i SIS
65 Swift 12"S 17'1-j 12S l-'S
n Union Carbide. . 175 ITiT J75 176
DON'DS.
JHio Chi Ilr 6s 8S
10,.) Com Kdlson 6s. 10,"u
HSU Imhllc .Service fs. Oil,
p'") I'co Dos ref 6i,,.lnos,
4U)1 t-wift t 93',
1021,
Sit,
ll..,
1S
f.S
NS
l"2i.
flil.vrtF.TTK IlOXllS Tho Hoir.l of
leneral Appraiser, held that llthocr-iphe-l
Mn boxes atiout six Inches square anl one
ir -h d-ep, with hinged top,, used as con
tainers lor clRareitei. lniported bv the
merl--an FhlpplnB Cimpany, were properly
taxed f--r 'lutv unjer pir.icr.iph 321, tariff
net of 1213, aa smokers' article,,
SritalCAL FOHCI7PS. .C The du'v l
lowered on surgical forceps, neells holders,
etc. Imported hy K A. h'och Co. in a
1erl,lon hsnlf-l down este-day by tho
ll.-ard of I'nlted ,int-s General Appraisers
I)ut Mils .-li,l a' h c r,t. ..f 10 p,r . e-
ad la orei an J the l,...rd Hiids tint 'tin 1
-liou d liiv, been levied at tho rate of
but 20 ! f cen- ad va.orem
CI.AItlT WINIl Caret wtne. aeseee,
by the customs oia. His nt the rate of ,','
cents per ksIIoi. under psrasraph ".'44, tariff
act of as containing more than 14
per cent of alcohol, sherd have been taxed
under th "sme paragraph at the rate of
but 4.', ,er.t, per giJIon ns contnlninc Ie,,
th,n 11 'Ut. alcohol, accordliiR to a
deililon handed d.-wn yesterday by the
H.ir,l of general Appraiser, This rullne
usialns a protest of Kruus .t Co. of l'ltls
burc iil'.ciuiii llecause the record In a test
tase broucht before the Hoard of General
Apprals, ra t-v f II VondeKrtft A Co. and
Malttis A- Ware did not show- that orchids
or Mid orchid pltnte entered here hv the
pro-e,ta - were imported exclusively
MOHII.K AMt (MHO H.UUIOAD COM
PNV. rilitlpment lnliina Fund.
Tlin I- AKMUltn" LOAN AND TltCST
COSli'ANV. i .e-ee , I re-elie offers ot
the Kqulpment Honds, serle. "A." of tha
elOHll.F. ,v OHIO HAII.HOAI) COllP.VNY.
dated May 1. 1J, at not ejceedlm par
and accrued lntcrett ti n prlnclpul amount
eut!lclci.t to als-rb Thirty thoueind twenty
three and K 1'J dol.ara 1130,023 1$) of the
sliltlr.K fund.
lender, miv be msde Monday, Mar J.
lu. until : m
Tiin rAii.u:its- loan and trust
CO.MI'VVV,
llv HtnvIN MAK.-TON. President.
New York April 1. 1316
STORAf.K EGGS
tin:
GOOD BUY
NlltV
at 2.1c to 24c per dozen
N will sell on li'J mi rein or
ll.oo iHr eve tti nr lots nf i.rai cac
up and e will n cll neat Tall and
"Inter at prnluMy much higher
prlciv., Full inrtlciilars nn request.
II. K. STIU'T r4,MPANV
tMinle-li Itr.eliers
817 sAiisl.liiiitiin st New York
ELECTIONS AMI MKITTINGS.
Acmct'i.iritAi. citiuiir company.
Adjourned Spe Inl Mtclliik' of Mock-liilili-r.
TO T1IK STOCK1IOU Kii OP
AOltlCfl TCIt U ("ItKPIT COMrAt.T:
Nctk-c is lin tn 8i.'i t' ai ,in aljourred
special m-tlni of ,'ie etnctihnld'rs nf Asrlcul-
tural Clcdll Cl Illli. Ill ll Ni-W Vorli ntrnnra.
everal protests for j 'on will Im he I .it the pr i.c pa, office ol the
rree ent, . uiliier piirarrapn ..v. irin nti . - , ,V, "- --,--"i.,ii . .nw
re overruled I'uiy wa iaxe.ii . -n. ..., -. ,, ... ,.-e ,u uie an.r
-S 10,-S V s
83'. . i3'
THE PITTSBURG MARKET.
1'ITTSHVHC, April -Tho stock maritrt
was fdily moderately adlie with the tone
steady I'uro Oil adraneed ' I.o Holla
Iron sained IS and Wcsttns-house Air HraUo
a point. 'Il.o summary.
Open Hlsb- leow. Clos-
aiea hit et. e-t lnr
its. Am nin ms .ncii, ki
70 Ciney ltlver fja .17
101 Columbia tlxs.... ir.
,11 lndrpl Hrwir. ... 3S
40 Indent Hrwr nf... it
IhO I.a llclle 1 A 3.... M
: Mlrs I, A II 4T4
no Nat rireprooiini:
tn Nat 1-replr Pf .
37
13
IS
is
17 17
70 Ohio Fuel Oil ... 17 17
71 Oklahoma 'Ins.... 70S ?S
10 l'lttsburr Hrutr... 6 6
hi Itttsnur Coal,... 73 23
inc. Pure Oil u; is;
loi l'liirare 3.'.i .
It, Hlvcrvl US KS
;0 H.-er,Trt pf 1,1
1600 Itoss Mlilinr 16 16
120 I' S Steel 6H ssv.
nor, iv. -than AlrbraUe.13,1 I3i,
(3) IVi -Ihse Klec ... . t-'-S (SS
I10NDS
16000 Pitta Coal deb ts. !-
SUB-TREASURY STATEMENT.
MONDAY
l'ald by Puh.Treasury to banks.
Paid by banks to Pub-Treasury.
Loss to banks on da'a trans
actions , ... 2,:,00o
RINCK KKIDAY I.AiiT.
Paid hy Hub Treasury tn banks. 11,374, ono
Paid bv bunks to .Sub-Treaaury. S, 060, 000
1oas to banks
Loss to hanks stmt period pre.
vloua week ,,
of 13'.
on these plants at tne rsie oi .5 per cen
ad valorem under the first part of para
graph 210 where "orchids" are epeclficatiy
provided for.
KAHTHIINWAIU: Flmnn Pros of Pin
Francisco o,t beforo the Hoard of General
Appraisers In ft c iln. for a lower rate of
duty than that as,erse,1 by the Collector
on i-.-ir'henware eyphon e!oets, which were
pr.nted with the mmo and addroa of the
Importer or consignee, nnd also the badito
"Verlhest " Huty was assssat-d at tho rate
of 40 per cent, ad valorem under para
Kraph 7a of the tariff i-t ot 1913 se
printed earthenware and eialm was made
under the same p.iruffraph for duly st
the rate of but 35 p" ent. ad a'orem
At the l.eirtnrf ono Mtc tentlfled that
the nurklnic on the earthenware was burnt
In and not printed The b -..rd. In re
ferrltiB to this testlmou wr ie. "From
his testimony he was apparency spe.iklnc
without any knowledge relative thereto"
Oil. OF CASSIA. .VC Judite McClellxnd
of the Hoard of I'nlted Mate. Oenerol Ap
prntsers handed down two reappralsement
derlelnns One decision covered the f.i'
elcn market v.ilue of oil of caeela shipped
here bv Mu Wo iin of II-mKkonR, China
while the other Involved the foreign' mar
ket value of aniseed ell i, hipped here by
Frost - Cundlll of llonRkonu. As to the
nil of oaseli the .leneral Appraiser write,.
"Cxela oil 7jA0 per cent., Invoiced at
23 per pound. es N M charKrs. en
tired at 1 32 Mex. -cr pound, plus packing,
leappralsed it 2 per pound c I. f New
York 1'A-klHK olid mattlnK Itic'tldel'
This oil wis txported liecentber 2 is.6,
and entered here on February is Hi
In re ippralsln the mine of the anl-eed
oil tn question, Judso McCle.la.il writes--Anlsep.l
nil. Iniolced at 711'.. '-ss
frt-l:ht. en.cied ut 1 60 Mex., plus I'-.u-kln,;,
reippriteed at 2 II S per imund . I f
New orli I'acklna tn-ludel ' Thu nl
1 w , . exoortet i.eceint-er 1. and enic-e,i
, hero on February li. 1116
r.i;it.MA.S COCHIN OIL- Merchandise In
voted aa '"Jd cask, of ile.-man co -Inn oil."
I Imported In tha name of William A llronn
, . V.n.i mill voovc-iri. iu ktr , .itunn
, as ciicoaiHit oil, was the tuhject of a cus-
Itoms controvrrsy ndlusted yeMerday bv the
llnird uf United Sttes Oiniril Appraiatrs
Duty waa leiled at the rate of three and
one.half cints a pound, under paragraph
l-ii.l larlff act of HHiO. Th. protectant
l! limed tree entry tinner p.iniKrapn t a
incoaiiut ell, not renncd r dr,,,i,rU ,1 In
Histamine thl claim Judite Waits wrltiss
"The evIdriHx lead, us to btllevv that the
nuftdiuii Mivitiei It has l.cn rcnt-.od 1ft
pends on the absence of free fatty acid and
tho absence nf odor. On the part of the
importers it appears tnai mere is eumcient
free fatty acid to show that It Is not ruined.
I and that also there is odor, which Is ad
1 milled hy all to be evidence thut It has not
Ileun lenned On the part of the Govern
ment we hae the testimony alone of the
lluvernmrnt chemist thai he detected no
odor. Wc uro of the opinion that the testl-
nituiv of the l.nnorters nredominatea a. to
14,176,000 . the question of refinement. We, therefore.
hold that the commodity In this isae had
JsJIT.OOa not been refined, sustalnlnc tba protest.'-'
f.o
37
r-
IS
Is
63
4f,
17
17
"US
r,
24 S
i'S
s"J
l-'S
VI.
16
'Hi
IS'.
8CS
6ul.
S7
16
-'4
1
MS
41'.
7
17
17
70'i
24S
1.
SM,
l"S
M
1..
noon, for the pu-po, oi ,iu-..- upon the prop
ortion that said Company lo lortliwnth dis.
rnivri in ac-nr x-ii-c w-'i- tie pronnions of
J-ci-lton i21 of t'te t.en.r.i I trporation Law of
tfo Mate ol N-w Vo I: to- the ratifying of
all action Cikc-i or .uit'-o-.r- 1 and performed
l'r the director., and ollnxn of said Company
eince the ann.i il nu-ci .- tl -renf held In fh
car IMS. an 1 for the tr mention ot eiich other
tmlncfs as miy . -.ni, t-Iore said meetlnc,
Dated, i incjeo ii 1 1 AirlUi I-n
JAMKS F HOYCB. t-ecretarf.
New- x- -t April lh, 191S.
TT1E ANNFAI. vriTISV, OF T1IF. STOCK.
MOLDKIt. OF Till' NBW YOKK ICTUAL
C.A- I.It.HT COMl'NNV for the election ot
Directors for the en. nine year will be held at
the office of th. C mi'.iiiv No 142 Kaet tsth
St. on Tuesdiy t! J-I. ,'ay of Mav 13U, at
noon Transfer bonks close at 3 ' M on the
1st diy nf .May ' an reopen at 10 A., M.
on the 10th day nf Mar is"!
CKO W l'KKltritST Secretary
11YII)KNHS AMI ISTi:HET.
THE
AMERICAN EXCHANGE NATIONALBANK
S-e
At a meettnu
of this Hsik. '
dividend of Fi
ciplt.il atock w
tiroxltno to - ki
i Apn .0, lOls
uio l oard of Hlreotors
I - - -lav, a s nl annual
I', r c-en- , 5c; i on ths
d . ar. d p.n it, a May t
of record at the
close ot busini" April 24. in
AltTHCH 1'. t.HK. Ca.-hler
tsiSi t, ff,.
isnt.oon
S43.00O
orrii'ii of Tin.
CONSOI.II) TlllN Hill lllMl'AVY.
Halil'i -r., Id vp-l Oth, lli,
The Itii i Illi- t-i. I-,, deilared a
quarterly -II I f -lie nnd one-liaif per
cent OS's" Its Capital Stock, pitiable
April 21'tll I,' t-- the l l.hoMers of
re.-nrd a. Hit- -e nr Ii ,,'r. Vpill ,2nd,
1316 The transfer boc.'!. wi.i remain open.
Dividend ch. :l;i will be i. -.Ie I
T K Ml'AKT.
Aselsmnt Treasursr,
unt i:i i.iiv NimcKs.
IlEOKIVIIlt ts IJJOl n.MUJ HALE.
Il order if 'ho 1 ojrt. Hie Itecelvsr'e
Sale of the I . en -e Iron Work stand
aljourned tint i (-s urd-tv the 13th dsy el
May. 1916, m II '' ck In the forenoon or.
the premises hi t-'oretice. N J.
At tint time will l-e .old the Plant, con
ststlnc of It. Ileal Hstate, Hulldlnis, rtx
tures, Machlnerj. Tools, F.aulpment, Ma.
terlsla and fupplles, toeetrter with tha
ether Hesi K, se In-ludtne 210 Owelllngs,
Uutldlnc l-'-tt-. 1" A -res of Farmland,
Also 3,001 tons nf Cast Iron Pips, 700
Hydrants, 100 tons of Fittings mid tOt
Valves.
Dated April 3. 1M.
ll.VIIOI.I) H WKI.IJ1. BscelvsM.
OASKIl.l. 4. tl AH KILL, tollclters. .