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THE SUN, TUESDAY, JULY 25, 1916. 9 MONEY AND EXCHAiraS. CAM MONEY. llnl. lie High. Low. Latt. Inf. new' I'l 2 l'.t l'l 2 24 :, I- July :i . ... Jul; to date Tear to time W.-k ended! July 80. t! ! li .. 14 July 31. nil ..... 7 : .. 14 .. Auitul 1. 113 .. : 1 84 .. TIME MONEY.-Market dull, with light ef.riin There l good demand for In dui'.hal Smy daya. 34tt'lVe: ninety day. j-,14'".; four mom In. 14(1 It! Ave montha, J,j. lx monthi. 404ri. The range In the week ended July ,"o. 191.'., 14ti.Y for iU di lo lor l month": range In week ended July SI. I'll, (mm nominally V, (or all datei. range In the eek ended Autun I. 1913. (roni iWUir, (or rlxty day 10 t1 lor lx nmntlii SPtl TREASURY -Neta Ynrk bank gained from the Sub Treasury K.tin.on.); 0it aime Ut Friday. i:.l.i'i BANK ACCEPTANCES :4tHVl tor ellil. fell bill. 2M3a'it (or ineligible bille. The yuh Trraiury n creditor to the Clear. Irif Home to the Client o( ll.JW.TM, COMMERCIAL PAPER Market ey Rate were (Oi't'V lor nty to ninety daya indnreed fetlli receivable: 4" (or choice tlx montha unile namci. NEW YORK BANK CLKARINOP. Tie Tolnrn of hualnei trantacted In of through York on Saturday it indicated by the (art that bank clearing reported yea trrday br the New York Clearing Houee totalled NM.O.JO. Their dally figure lark litniflcanc unieii compared with the dally areratra lor the year to date, and the daily ateraira In the corrripondlng perloda o( lor mer yeara New York, the financial centre, reflect more or lea accurately buitiiru and financial condition throufhout the country The companion will be lound even more Taluable when conaldered In conjunction with the nummary o( railroad raining published under "Railroad Ntwa." Pally arerigr Year to date ,. .U..n'rt,.n: Corrrapondinc period In 191ft. . ,. lll.MS.7M Orrrapondinz period In 1MI S1.I7.77 rorreipondlnr period In 1711 c:i.i;i.'."; palare'ea reported yealerday were . 13,4.n,.:( BI'COrNT RATE OK FEDERAL RE. HEKVE HANKS. tiara of Maturity 1 to II to 11 to l to Set 10. 50. CO. an. jote. ''mil average" la obtained br dlTtdlnf total earning by total mileage. TOTAL 01'ERATtNO REVENUE. ,, April, March. Feb. Jan. Mils arerate 11.111 11.280 11.140 11.111 Inc. orer 111s. p. p., 201 24.1 Ml 80.7 Inc. oer 1114. p. c, 17.1 114 M.I 11.0 Inc. orer itll. p. c. Ill 14 1 10 u Inc. oyer llll, p. c.. W. 17.1 110 110 OPERATING INCOME OR NET AFTER TAXES. April. March. rb. Jan. ..II. Ill 11,140 1.1I0 Jl.lH 42 1 414 (7.1 44 Mil areragea inc. orer 115, p. c,. 4:1 414 In, Mar fill mm ma .a - ..... ...v. v.. wo I mm Inc. over Itll. p. fvi.J (41 Inc. over 1M2. p. e.. 412 Keatern IMatrlrt. Aggregala line kda 1 lor the period. 1411 35 4 17.1 11.1 Uaaa of roada r.twim nw uJjTa u - . . ,or the period. Recond week of July lt.lM . .... wi nt jmy lf.MI T-2!'J3n w, p( June.... 17.47 Month of June 4 : Month of May a; im SOUTHERN DISTRICT MILE AVERAGES. TOTAL OPERATING REVENUE. Mtu . rtii2J 2axcn. r en. j n ." rmmrm ...... ifj, ai.I'M Commercial Taper. Botton Kaw York FMIidelphla , 4Telanil Blchmonil .... Atlanta rhlcio ft IaiqIi .... UlaneipvMa ., Xintaa City., Ptllaa in Frswlero. 1 , I , 14 l', ll'i , 3 , 1 14 4H Vi 4 4 4 4 4 4 4 44 4 4 4 44 I 1 J4 54 nc. over iis, p. c. 11 :i,i iiv. dipt iwim. n as " , Inc. over nil. p. c., 14.7 s Inc. over lll. p. c.. 144 1S.7 NET AFTER TAXES April. March. Feb. Jan. averacea im tut Ino. over 1114. d. e'.. El n a no. over lair n ;i . Inc over 1S1J. p. c . M.7 4J.1 Weal. DUtrlet. Mite Note Airlcullunl anil llva a took caper ma- tintlra of from 11 daya to all montha. Trade Commodity Arceptancea. Paper. or Maturity. Daya 01 Maturity. 10. ?!() ... 1 New York... 14 Philadelphia. Hi OTfliDi.... 3 Klrhmonil.... 3H Atlanta I'a Iblraio t Inli .. . I Mlnneapolte. .. Kaniaa City.. 4 Pallia . 14 Urn FrVlieo 1 Par 1 to 31 to til to 1 to 31 to 1 10 0. 1 14 ? 4 0. 1 14 14 14 14 4 J 5!J 10. 34 (0. 14 14 14 14 14 94 14 14 14 14 14 i' 14 4 1 4 14 14 i' 14 4 1 44 ArtTetate mileaie of Second week of July.. ,. H.524 I Irat week of July ts.nu r..urin f or June SH.Ml Third weak of June M.M1 Month of June !0.4 Month of May 1;! M7 WESTERN DISTRICT MILE AVERAGES TOTAL OPERATING REVENUE. .MHO avrraaee 1M Ji(7 inc. over I15. p, c.. 2J.7 21 Inc. over' 1911. p. c. Ill 141 ni-. over jau. p. c.. a 1 114 nc over 111!, p. o.. Hi 50 J Mite of n for commodity paper of 11 daya to Hi menthi hn been authorlted by Bid Fran claro hack A rate of i to i on purrhafea f trade arreptancea by New Orieana branch uf Atlanta bank In the open market without the ladoraesent of any hank waa approved Decern Ut II. 1)1 S. A rate of V, for ten daya and 4HJ for from eleven to ninety daya on com-men-Ill paper for New Orieana branch tiaa been approved. A rat of 3 tu 4 for Mile with or wltaent member bank Indoraement baa leea an I hem led for SI. Louie bank. Authorued ralra for dlacount ot bankcra' ftcceptancea are Irom I la 1. rOREION EXCHANGE. la til followlai table, when the "demand." "Unf r "check" rate la qnoted In United anaiee nrrntr 11 la aail to "favor" thla conn try If lea than "par." but when qnoted In for if? evrrvner it 1a aaia to re eeatr; 'acalnit" thla For the convenience dry If I than ear. af rtadar. a nek rate are marked "F" when ta MVr i aa a when agalnat tnla country. BRITISH. (Fir HUM) My U. Hlth. Paanaad tT).. 4.;Pi Catlaa 4.74 Low. Clot. 4.75', 4.764 4.74 4.74 iloee TIUX BTIXI ON LONDON. Banker. Commercial day 4.71 H I s day 4.70H M day 4.41 I M daya 4.U4 RANGES OF DEMAND RATES. July 1 to data.... liaoary 1 to data Uit half MIS Flrat half 1111 Tear 1114 liar llll FRENCH. (Fir 6.114 franca) 1th. Low. IJloae. Demand F . S Vi tt0 t S Cablei ... . Ji t.?oit l.A, RANGES OF DEMAND RATES. 4.:SSN.7S'i 4.71S94.74 4.10 (14.774 4.7SV04 SSH i.Hiiiri 4.U1 4.H Prv lor IKt, July 1 to data t 14 (il X e 01 e n Jinnary 1 to date Tear 111.... Tear 1114 Tear llll .u e t4 1.30 i M , t.n a-ntiii n-n GERMAN. (Fir Si.Zt centa) Jslr :i. Hlih. Demand iF) . 774 Ctblri , Prav 0e 734 Low. Cloie in, RANGES OF DEMAND RATES, July 1 to date 7:43:44 January 1 to date !Wi3i Ttar llll 7 OUH Tear llll UAiHW Star llll MftStttt RATES ON OTHKK COUNTRIES. Yeoterday. IrT. Cablea. Domand. Demand. Rslland-Gulldera (A) 14 lira lira iiaiy j.ire ir i 0 i 1143 - nueai numea (ri...juAii Auiina Kronen (F)..M60 Cree-Drachm (Al. S.I7 SDain-IVaetaa (A)..,.10w Denmark-Kroner (A) 71 M Sweden- Kroner (AI..S! 10 Noray Kroner (AI..7I 8in-Llre (Fl 8 X r3iil-Mtlrela (F)....:4 4i Arienuna "eo Paper oirrency (F).ll.SO 'Old it I l.OiTS eo4 30 v, t 174 70 3.) 7170 71.70 71.70 6.794 :i 3 41 44 1.041 MW U 30 40 6.17H :.o :io 2 1 6 7ai 41 49 1041 31 Oil 60 41 7S l Hoi India-Rupee (A) Japan: Yokohama Ten (A) China: Honikonf 41 J Shacrbu M 4i4 AnDrnnniAIA napitla .Imm ... land. 41 M cent: Italy. Greece, and Swltier land, l.llli lire, drachma. a.nd franca reined. Ir!r; Hum a. 61 it cema: Auitria. 2076 centa; Penmark. Sweden and .Norway. M 4S centa: H . ' 1 14.1 Mn. . . n n . 1 oemafArrentlna xoid. Ivtti peaoa; India, i:!4 wuii Jipin, iy.ii cerTa. DOMESTIC EXCHA:.GE -Chlcaro. pit: St twi. ibc. fuicoum D.a. ioc aiacoum aaaea Momreal, HA premium: San Franclaco, Uc. SILVER PRICES. . . New York. London. Mez. dol foiy 14 6H4o aisd m, July 73 .. eiso IW H July 71 .,; 63,o "Ad 4i.o Jfr 30 co yj'.i W4c "17 i ui,c 410 July II (3Hc Vd H'ic urn in In July, In July, EALLROAD NEWS. . The Mir atatemant of railroad area earn. ni and ezpenae. althouih It ha not yet Hen redUCM ta mil Vii ff nr ram. partaon with lb flmrea of the correapond. !2'..?oa'n la Wi Atalnat a rain of M2. im.. il, or lilt, in iron, predicated on total of 300.0t:.S7t for the month, operatlna "lnaee, amonntlnr to I1M.T11.. Iivreaied v..tw.wi, or i i.i?, wnue n revenue, imai' prtln wa in malnttnano of equipment toward which I41.tll.tu u annranrtacd. an uxtm ol MA ovr May. itll, qulvnunt upkeep. Cot of traniportation, which kmountnd to IMJ1I.410. lncnavd lll.M3.tCil. r 113, wblta nul nt ana nc oi way and truoture. totallnc tn.Ml.tM, ahowed an In. rat of I4.tt7.t4l or 14.H. In contlderlnr yrwirnmiry weaajy naurM I or id eurrem Mvinu ii win D wen io noi mat na conr urad rasorta of all Important roada In July, if1', ahowed an liter In iroa tor that fhtb of ooa-thlrd o! 1 a mil a oompard -. u tmj, mi, um a oecreaaa oi i i-it a 11 a comnarad with Julr. m. and a da of a comparad with July, till. Similar Ocuraa for Juna. llll. aha wad a da- fa la troM.ei twoHhlrd af Ml m mil wupwea wim J up, ill. Caltotl sssiM (Ail xktolriSM). iWwdfJuS'S Tint m or July 47.IM Jjurtk weik of Jan U,t7 I" wee,f June.. Month of June 14,171 Month of Mar Mt.ui la tba fellAarlna latile im itimniriMl re, i oi an import act Amficm ataan raoj ua now oparaunf a tatin ovr cot raoe4 14.7 )4. U.M lit IM.l Inert ao over cor reipnnd. In period lilt year. 16.1 75.7 70 6 lt mlleaae ol n.M roada reportlnr 1,'"' w,, ' J"r.. .. lin rirat week nf July FOUrlh UfiAlr Ml I,... ... Third week nf June,.'"! l.Jil "uinn oi .nay m.tii EASTERN DISTRICT MILE AVERAGES. TOTAL Or-ERATINll REVENUE. pn , n arcn. ro. rfn Mil averltea u in inn ainir Knei Z' Sill !5I5' p' c" 14 5 l!S' 2I!r i! l' "4 :( inc. over ma hi H4 . Inc. over 111!, p. ... 14.7 110 il l Ml NET AFTER TAXES. la.l M -. . . , ni'iii ii . ren. wan. . , a. . q , .... mm '. mil ai art lie. over tail n m -11 m Ino. over llll. p. !! 77.1 14 0 Inc. over ins, p. c.. 104 1 27.1 Southem IHatricl 1671 116.1, 110 I 467.1 K7.I (7t 19 1 01 Ml Acrrecat mix Inert a over cor. raapond. In period laat year, lit 10.4 17 1 171 14 4 71 ment commit lee ha ertended till Au(. 11 time for depoelt o( pre(erred and common etocka (or etrtilme ol aharea of Plttabur Coal Co. of Pennaylvanla. Mor lhn two- iniria oi outnanainf ioch nil pern nc ponied. OUKENR roilNTT MACHINERY Annual meetlnc of atockholder will be held All. 7. REPUBLIC RUBBER- Production for July. report atate. la expected lo exceed 16 ot any prevlou monthly record In company- hliiory. Trad condition reported extremely atlalactory. STANDARD OIL CO. OF OHIO-W111 d tribute July 21, W atock dividend author ued by eiockholder May 22, Increaalnc atock irotn I3.soo.ooo to I7.ooo.ooo. SULZBERGER A SONS CO. OF AMERICA II a chanted In name to Wilaon A Co , with ret utered olTloe In Jerary City. Thoa. E. Wilaon la prealdent, NATIONAL RUBBER CO. Republic worka at Ilttaburc have returned operation alter wo year inieneaa. WKSTTNOHOUSK AIRBRAKE CO -An. nouncea that It haa reconaldered Intention ot diamantllnr Ita plant operated eepeclally for war munmona. umcera are quniea aa aiatini that they believe demand (or varlou apecla klnda of machinery followlnr the war will b audlclent to keep pi am a In operation. WINTHROP MIU.S-Of Vflnthrop. Me. haa declared atock dividend of ocj, increJUnr capital from i:55.ooo to Hoo.ooo, aa it at In il l7l 77.1 111 11 141 ISM Ml 1.7 21 11.1 II 4 70. 110 111 ci.: 216 77.1 I I Inert over cor reepond In period laat year. 17.1V. It 6 17.1 il.l 70 6ei 74.7 April, March. Feb. Jan Mile averatea, .. nc. over 1116, p nc. over lilt, p, c, nc. over llll. p. c. nc. over 1117. p. c. NET AFTER TAXES A I7M 1 2 II i 4 1 10 1 17SJ It 0 16 II 111 April March. Feb. Jan ... I'll 1772 lll 1171 61 4 0.1 111 11 I 41 4 X 41 7 64.0 79 3 47 2 111 117 II 4 II I I 110 Derrea fl. C. C. flrure. ATCHISON. TOPEKA A (IAXTA TTC-tn wrr rnoea j my ;i. nanaiea ji.ioo IniUM rara, limn .rv.iw m ime week or precedln year, t'ANADIAV Hlll.wiri rnutniinv-it Henry Ilrarton. chairman, hai left nttiwa tnr rnnlerence with A. H, Smith, prealdent of v ior lentril. Hir lieorte I'alab, third commlialoner, la eipected to arrive aoon from ui'iiuun. lir.lllUlT If ACKlTIAr- Ttenorta wnai roriiuifi ior aecona weea oi juiy. izi.sio; in creaie, 11.417. DIXCTII. WIXNIPEO A PArlFtrIti. II la reported, ordered ten conaolldatlon enclnea irum .inienran ixicoinoiive lotnpany. INTERSTATE COMMERCE COMMIS 8ION Dlaallowed yeaterdar oroDoaed In creaeej in frelaht rate on cotton plec Kooda from New England mllla to New orK. Delaware and Pennaylvanla polnta. LEAVENWORTH A TOPETCA BAIf.WAT 'nder recelverahln on nefltlofl Rants Fa anil Union Pacific, ha been aold at nrtrate ule iu croup vi jv in la a ;iiy capiuuata. MINNEAPOLIS. ST. PAUL A SAULT RTE, MARIE Annual meeting will be held Septem ber 19. MISSOURI. KANSAS A TEXAS-Recelver of cinpany naa been dlwieii to pay February 1 coupon of certlflcatea of depoatt lat mortaaae 4 irr cvni. aoiQ inaa nee i?rei raynmni or mi"-e oonna win r-e maae to noioer ujwn pre entatlon of certlflcatei of depoelt for Indoree ment of auch payment thereof. Ownerahlp of rertlAcatra rauat accompany rertlAcatea of de poelt. MISSOURI PACIFIC-fnof finally (nnnnnrad that reorcanliatlon committee will later I week five out modified plan of reortanltatlon. altahtlr from orlflnal plan of Chanfe. It I nnderatnod, have rhanfed only eltfhtly joiy i. iu ininiea to do with maturity of new honde to b leaned in etrhanze for one or two oreeent underlvln ono a liauea on aepoait RIO GRANDE SOUTHERN Report for eec. end week In July groaa carnlns It, 614. de creaae 1377. SOUTHERN rACIFIC-Reporta railway n erattn rerenuea for month of June tl,67,9. increaee ii.eoi.oaa: ireljnt revenue! ,i:.to, lncreaie 12,226,741: pener revenue 11,201,' 007. decreaae 1400.H1: nllwty operatln l penaea lt.US.t2. Increaae S332.1M . railway op eratlnf Income 14,130,141 Increa over June or nve preceainc yean respectively ot ii.cb,. ML 11.790.377. ll.M0.701. I'Ul.Tjil. 11.(71.102. Report nperatlna revenue for twelve month ended June 30 1 1(2, CM. 721. Increaae t77,U,Ul ; operatinc ezpenaea ii.ii,eoa, increaae ee.tMv., 111. and railway operatln income I4t.tll.t71. Incieaae orer rorreiponrtlni period ended June Mi ; 10. Mil. 112.100, 1114. 110.414. ttl; llll. 3,tSl,Vl; 1112. 11.777,013; llll, 16,474, M2. INDUSTRIAL NEWS. The Union Truit Company of New York (established in 1864) has for many years made a specialty of Personal Trusts under Will or under Agreement and maintains a carefully organized department for handling them. Many millions of dollars worth of property real and per sonalhave been entrusted to the company by conservative people, residents not only of New York State but of other states in which the Union Trust Company is authorized to transact business. Correspondence or interviews with persons considering the for mation of trusts of any kind for themselves or for others are solicited. UNION TRUST CO., 80 Broadway CAPITAL AND SURPLUS - $8,500,000 PUBLIC UTILITY NEWS. At. ATI AM A POWER CO Rubilrllirv ef Alabama Traction Light A Power report! roil earnmia ror June 11:1,012, increaae 16,011, net after tnxea III, til, Increaae 16.6-16: aroea for twelve montha 11.211. 600, Increaae I1I124!. net alter taxea 4.671, increaae 1271. 46. I1ROOKLVN RAPID Tit ANSI T Ac. ordlnc to annual report, which waa ap. proved by dlrectora yeaterdar, to be laaued nett week for year ended June 20. com pany earned 7'i". on common atock con- ratten with 7.11'e In tame period in 1116. CENTRAL STATES ELECTRIC He. pone intimated (rnia earnlma for June J. 4, sip, increaae i:,j.e. net arter taaei 172.140. Increaae 14.277: eurclua after charcea and denreclatlone. Ac. 1116.616. Increaae 11:042: for 12 montha aroea 14, 4?,340, Increaae tltlOK. ntt alter taxea i:,i4:,e:. increaae ICI.ias, aurpiua arter chariea 11,710.127, Increaae 162,222. CITIES SERVICE CO. -Announcement that aaaenta have been received covering ifi or aubicrlDtlona to pool hoinin Monttomery I.I a h t Power Co. atock li made by compan), ; 75Ce neceaiary for exchinge with atock of company CLEVELAND. SOUTHWESTERN A COLUMRUS RT CO. Haa purchaaed three mllea of new track near Iierea, wnicn 111 ehorten runnln time between Cleve land and Iierea ten mlnutei. COt.fMItlA HAS A KLTHCTI1IC .Ne- cotlatlona for aale of controlled lurplue natural aa In Weat Vlrclnla to Hope Valurat flaa fn. anrt PTnlladelnhla CO. are eald to be nearlnt cloie In contract call- In (or gni up to 140.000.000 cuuic jeei lallr on anainc acaie or pricea alan ine at between 10 and 11 centa per l.ooo cu. ft. COMMONWEALTH POWER RT A I.IOHT -Heporta for June groee earnlnie 11372 2(11. Increaae 10.1 ft; net earning! mvnnni inrraaia 1.1.7lr! balance avail able for dividend IT3.SSS. Increaae 41.54".: ror year ended June .111 groaa earnirae IIS,R41.M!. lncreaie MM",; net earnlngi 1.277.28. Increaee 13 5.1c, . balance avail nbie for common dividend 11.57. .1.2. In crae 2.74r,. Thla la equivalent to S.Te earned on outatandlnc common atock of conpany. CONSOLIDATED OAS. ELECTRIC LIOIIT A POWER Of Baltimore, reporta earnlnga for flcaal year ended June SO 17.431. 7. Increaae 1042. 317: net after ! I3..18SIIS2. Increaae 1370,(174: Aed charcea ll.caoosa, decreaae 110.304; net income i.uua.iuo. increaae iii.ih; aur- lue arter aiviaenji in.i.iui. increaee 34.003: net turplue 1ST.2SS. lncreaie 197. SO. Company aiao reporta for three montha ended June SO groaa earnlnga tt aiHlir. Increaae I107.3H. net taxea l.i:.7S8. Increaae $1:3.490: aurplui. after chargea 14'O.tlol. increaae iinn.;.tn. CONSUMERS rOH'Elt OK MICHIGAN I Experience J K awai r VIUUIIIB in the administration of a will. Ithastaught us the best way to handle every problem that may confront an executor. That is one reason why we can render a better and safer service than any individual. Rsourcis f 75,000,000 Metropolitan Trust Company Geo. C Vsa Tujrl Jr., Prwidtnt 49 WaH St. 71 Fifth At. lOMOimmiiMOttt ; Benjamin Franklin, say:: "Diligent 1 is tht mithtr $f gni THOUGHTFUL and exper ienced buiinen men sre more and more favoring the sp- ' polntment of a Truit Compsny si Exttuttr tna v rutin 01 meir-j , Eititei. With more thsn tweruy-elght yean experience in managing ! Eitites the Franklin Truil Cim- ', any ii eipeciilly fitted to perform ; thii important tsik. FmnJ$n7HtJZ Company New reel OrTiMi 4 Will Strttt. nfjh Often 166 Montn St., B'klyn. ; Fa;i Sr. Ofut 1 569 Fulton St., B'klyn. PHILADELPHIA' ELECTRIC COMPANY lar and other daltvertr reported 11,114,474 barrrli for flrat alt month ill, mmpated Itti I.ISO.IU In flnt half lilt, and 1.070,711 1 1 flrat half It'll. EXPORTS AND IMPOnTS-Kiport of mer chandlee reported yeeterday by the N. T Cue torn Houm were valued at 110,741,034 ; Import. t,470,:w. riNLET BARRELL CO. Frank M. Mr pby ol Indlanapolla haa become wilted with the Chicago ofnci nrm. Ac, hut la not member of the iivs'iov. REItR A CO. Have Sled artlrlaa of Incorporation to do atock brokerage buatne Ith capital of IIOO.WO: dlrectora, John A. atone and William O. Darling of New ork Ktiir and Jainra (. Wilaon ot Brooklyn, ILLINOIS PIPE LINE t u. Ilune and oiner receipt! for flret all montha 1H reported aa 1!,ll t,arrll. romnired With ll.71t.339 in Iteporta estimated groaa earnlnga for June "rat nair -..; ""'Jf'" ".t' I84.335. Increaae 21.DSC,. net IJSS.SHS. In- . Itegular and other dellverlea re(Kirted a 11. lurnlua' after preferred 1 077.477 barrel (or tint all montha 111, com Increaee M 41 c" for 12 ! pared with 1.M7.411 In firt half 1115. and 1).- 1X1,11 in nril nan ii. ii"i 7. , V ' 1110. the ripe Una puainei comroiiea the Ohio Oil Co. INDIANA PIPE LINE CO -Run nd other AMERICAN CAR A TOUNDRT I resorted lo have doed an order for 1 1 Inch (hell totalling IIS. 0X1,000. AMERICAN LOCOMOTIVE CO. Bamored that company haa cloard an order for I Inch incua wun i.reai nriiam ror ,wxi,ww. ARMOUH A CO-farmer' Loan and Truat Company la prepared to deliver Brat mortftl reel eoiaxe per crni. goia nenniure pobi in exchange for Interim crtlflcta. BALTIMORE TUBE CO. Preaent output o Inn and mpper tuhlng at rate of 1.JSO.0O4 pounda a month, one-third mor than produc tion or lew montna ago. BETHLEHEM STEEL-Prnt contructton plan contemplate erection or twenty-alx niw Mail rurnacri, wun maximum proaucnon 1 500.000 tone plf iron yearly. CANADIAN CAR A XOUrfDRT-Senator Curry, prealdent, expreaaed hope it adjourned annual meeting inai uiviaenaa vu prvierrva at-rlc might be forthcoming In rly part of 1917. lie eatimaiea prom migni om in neign borhood of S per cent, of total Rue, Ian order, CANADIAN GASOLENE CORP.. LTD Incorporated In Ottawa with capita! of 13,000,. 000. CENTRAL LEATHER CO.-Kttmtd that at current hlih orlce of brk. atackholdera' equity In foreat properties of company run nigh aa h a anare. CI.UETT. PEABODT k CO.-Rerert for lx montha e.-ided June 10 net aalea 11,471.104. ln creaie 11,740 73: operating expenses l,M7,4, lncreaie 11.313.3.3 : net pronr ucr rtrmeni or pfd. dlvldenda 11,174.5'J. Increa UlJ.tM. CONSOLIDATED ICK.-H Billed dividend on preferred atock. Quarterly dlvlden-la of lviri have been pain 10 noioera 01 biocc eisci un. Dr. LONO ROOX A ETE CO. IT declared quarterly dividend of r, Inert of 1 over rte pii since iw.i mi. LAUREL OIL A OAS-Hm rently ci-lrM iA irM lnu In Vlrokea Arrow Pool. Okl.. and haa )nat tirntight In new well flowlm- over ntrreis a flfy. arcorninr in reporta nn una lease. Company ha alii purcheed ovee S. ddttlnnsl rrs In Southtrm tUnisa Held. UAUONINO VALLEY STEEL CO.-Wotk on plant at NUes, Ohio, retried protrculaf rapidly. M'KEESPORT TllfTUiTK CO. Tire Ua mlUi rtceaUy conet rotted kv lUrted, filing Mnployment to SA me. vVbn ventn 4dl tloual mills re conatructed compuy will hv the Urgeit number of ny plot la oraatrr. MONON COAL CO. Ia couotetlM with Oev. rnment inJunctlM nit Sled galmt company charging rehts en Mil thlmiMnt. offtclsla tata that aa comninv haa mad good It bond Interest for vrl year c I test whether rUrods can Uglily py boa in. Unit MONITOR MOTOR CO,-T hoejB gruUd charter at Albeay with HUI I director. Wax VtomfrW, Msx X. Xpl. B. RoMn ot New York. . OKLAHOMA PRODUCINO RTI1IN(J John Af. Crawford, president ctjahakm H talaa O., ta clroular irgtag JehoUr t xck!ag akar-M for tkOM f Otlakoas O.. tatpro4-Mia 1 UUr oeaapsny U S.MS burreU a day. FACmo MTIT,a .In 4ctr4 a raralar taatuiull -llvUhMS of 14. yhU AurMt 1 tostock of record aly . Utt dlvMamd was tt regular ad si atra. mMrt Mt Ml for Hx Twnth nM Jaa SsllS.nT.144. IramaM U M4,I41, romptred with m tlm last yaai. PIMM CANTON BINQ1IAM TUWNBL C6.-H been incorporatM wun capuai oi llM.oo to drly alaw d an rwe v-a w "-a- create 2lln. AlviAmnAm 101.707. montha anrtad June rroei 14 340.209. In crease 22 07. net I2.S21.071. Increaae 20B2C,. nurplua alter preterred dlvldenda II.IBS.OOB. increase . I'llPIRE nil h PTJEI. CO. RoDflrta grois earnings (or June IMS OSS. net earn ing after deduction of Interest on 114. OM.00O 0c, bonds llfid.est). INTERBOROUOH RAPID TRANSIT CO Haa Jut let contract for over 14,000,000 of cars to Pullman Company. MASBII.LON ELKCTRIC A OAS CO Subsldlsry of Cities SerMce Co hie ap. plied to Ohio Public Utlllttee Oommleelon for approval of laiue o( 12.000.000 !", bonds. 1600 000 to be used to refund pres ent Indebtedness. Company haa alio aiked authority to lasua 1123.000 of preferrel stock to relmbun trury for expendi ture ror punt improvements iireany maae. NORTHERN OHIO TRACTION A LIOHT Approval of new general mortgage by Ohio Publlo Utllltlea Commlaalon and iithnrlfatlon to lasue 111,171,000 bonds un der It will enable company to coneolldate all Indebtedness and provide capital for much new conatructlon. OHIO CITIES OAS CO. Haa declared extra etock dividend of ST on common atock In addition to Increasing regular an nual dividend rat from I to 1 07. by dec laration of regular quarterly dlvldenda of 7HT-. Stock dividend Is payable Dec. 1. With exceptlona of Columbua Oaa A Fuel Co. aubsldlarle have reported large In creasea for three month ended June 10. Beman O. Dawea, prealdent, la eald to have muds eatlmate that combined earnlnga for 1114 would be 11,200,000 larger than In llll. TOLEDO RTS. A LIGHT CO. Snr Hon of atreet railway nrooertv from all other holdings of company la provided under propoaed community aettiemeni or dlnanre. r-vrrirm RAILROADS OT SAN FRAN CLSCO Morltx Roaenthal. chief counael and director, and II F. Oulneaa. director and treasurer of United Rallwaya Investment Co., are In San Francisco conferring on re organization of United Railroads. Plan will be Sled with California Railroad Com mlaalon befor nd of month. It I un4r a.AAd it nrovldea for a creation and un derwriting of blanket mortgage covering entire propertiea ana MKENTOM -SAAXe-fl. -OV at mortgage covering d providing aufftclent lerlytna; bonda at par lurdfl tn ml all Und and also Increaae fixed capital. United Rye 4C, honda. It la underatood, are to be mid oft et 10. with remaining equity given In preferred atack. WESTERN CANADA FOWTR CO. Win, Time for ubcrlpt1on to ahare of new S referred atock (or present atockholder aa been extended to Aug. 7. WINONA INTERURBAN CO. Despatch from nikhrt. Ind.. state, that Tlrst Trust Co. of Chicago ha applied to courta for a receiver. KISCEHJOTEOUS HEWS. AJdFRICAW JtEAL ESTATE CO. Judg IIr.d h itnd nn trter.llT12JrJ,u,,,,on lo Wilier C. Koy and Alfrd E. Marling, lerelver. to III'. I7M.O0O In rclrer' certl ficaies. one year note bearing tnterert at I per cent. The company (tied a s1rnerit showing Uablllll of upward ot MOOO.OOO nd aeu disputed a between 114,000.000 and 114.000,000. BUCKXVK PIPE LIMB CO. Buna and other receipt (Mckhurr and lima divisional for flnt alx month ol IMS rnortdi a 14.711,711 barrel, compared with U.MM4 In flrat half of llll! and L'.Ml.tU In flrat halt of 1114. Regular and other dellverle reported a 14.7T7.t4 for flrt lk month l Mil. m; pared with 11.111 Ml barrel In flxst half llll rd 17,7J4.M In flrat half llll. COTTON XFOatTS-Totalled yesterday 17.440 bale, compared with '.111 bale on cnrrepondlni day laat yer. For 1h season 10 data I.W7.II1 bale, roropartd with IW,I7I 1-1 rorreipondlnr period laat aeaaon. CRESCENT PIPE LINE CO. Other racetpt for flrst lx month of 111 reported aa IS4.7U barrel, compired with S01.V7S In flrat hslf llll and U1.M6 Id flrat half UK. Regu lar dallrerle rtportad aa tM.IM barral for Srst da month ml. compared with 111.447 In flrit bilf llll and al.44t In flrit bait 114. CRIW LBVICK OIL CO,-W old to Maw Terk krndioata and will h raeardtaUxad at no,oot,wo. y Pblladalphla dxpalch. ' CUMBERLAND PIPE LINK CO.. WO nun ana oinr rceipis tor urn ax montn nil reported a 141.111 barral. compared with lion In Orel hlf llll and nt.SN In flret half Itll. Regular and other dllverle re- Krted a tH.nl barrel (or first alx month . compared wltb 2I3.IU In flrU bait llll and 1M.I27 In flrat half mi. EUMXA PIPE LINE CO. -Rons and other receipt fctlt receipts (or flrat alx monlhi o( 114 rerorted 1 17 sunn barrel, compared with II.. It .l in flrf half o( 1I and ll.S4.! In (Irat half IfH. itegular ana oiner oeiivenea rrpwrir-i ai 17.71t.3yi narreie ror nril aix nionina ii. compared lth ll.777.fW In flral hall llll. and 15.fli.Ml in first halt llll I.EVENSON (JOHN J.)-I.eonari1 W Mant. (ormeriy lth Earl A Miller A Co . Is now ssinclatrd with John J. Lerenion MUTUAL TRUST CO. OF ORANOE-II been closed by order of N J State Banking Commissioner Examiners have been going over books (or several days. NATIONAL TRANSIT CO -Runa and other receipts (or first lx month ISIS reported as 11.113.117 barrel, compared with 10.. II.. 112 In flnt half llll. and 10.170.134 In flret half nil Ketular and other dellvenee reported aa 11.0U.17I barrela for flret six months 1lt, compared with 10.4W.I7 In flret half 1911. and V.7U.MI In first half 1914 NORTH HUN PIPE LINE CO -Other re ceipts lor flnt six months of llll reportsd ts .lll.97S barrel, compared with 4.1M Ml In flret half of 1916, and 7.81J.I7I In flrst halt o( 1911. Other deliveries reported aa 7.m540 barrela lor flret alx montha 1911. romp wed with 4.111.4I4 In flrst half llll. ant 7.U1."!: In first half llll. V V TRANSIT CO Runa and other re ceipt lor flrat alx month 1914 reported 7S10.107 barrela. compared with 1.421.011 In flrit half of ills, and .71121 In flrat half of 1914. Regular and other dellverlea reported a 7.45J.717 barrela tor flrat alx montha 1914. compared with 1.170 4 74 In flral bait 1913, and e.:i.ir in nrai nan oi mt. pniiTI.ANn ME Has awarded lemnorarr loan ol lioo.ooo. dated Aug 1 and paytble Oct : to Solomon Bros A Hutslrr. at 1 13 (lis. mint PRAIRIE OIL OAS-Posted al Tulsa. Okla yesterday a price o( II 43 (or mld contl nent cruae. wnicn is a cui or in cenia cntu, pared with the price paia ID last two montha. PRAIRIE PIPE LINE CO. Runa for flret six monlhi 1911 reported at 17.W7.E0C barrels, compared with ll.34l.144 In flnt hall llll. and !iu 917 In flnt halt 1914 Shipment reported aa 2).9l.03l barrela lor flrst six month 1114, compared ilth 11.441.717 In flrst half 1115. and n.sio.iw in nrst nair till, mor to January, 1911. the pipe line buslne wa controlled by lTalrle Oil A Gaa Co. SOUTHERN PIPE LINE CO.-Other re ceipts for flrat alx montha o( 114 reported 7.t:i.374 birreli. compared with 4.S57.73 In nrst half inn. ana e.vi.?;7 in nrst nan un. Recular and other deliveries reported as 7, fto.ofi barrels for first six months 19l. com pared with I.717.4M In first half 1911, and MUM: In flrat half 1911. SOUTHWEST PENNSYLVANIA PIPE LINES Runs and other receipts for flrst six montha 1914 reported as 7.211.413 barrels, com pared with 1.IS4.747 In flrat bait 1911. and !. 4M.009 In first half llll. Regular and other delivertea reported as 7.2M.104 barrels Inr flrst six montha 1911. compared with 1.114.199 In first half 1)11. and d.TlO.lll In flnt half 1911. TRUST COMPANIES-Of N. V. Slat how deposit Increued during three month to June 30 from 17.77!. 411, 7S0 to 12.nL41l.lM. nearly 141.000.000. while according to last Stat bank call, from Dec. 71. 1914. to June 30, they Increased H14.lts.il4. kujcbava riro upe iu. mm sna otbst eelpt for flnt sis moath ltlt nf rtd aa l,CMi Mmti, eoMTe wttk l,U,n tt Irat ISUUli, aU l,WI,tt totrH fcali UU. lugft- MiNLNO NEWS. CONSOUDATED INTBHSTATE . CALLA HAN MINING CO. Annual meeting will be held Atlf. n. OREENB CANANEA CO -It has been learned from rood aouroe that director of Oreene Consolidated Copper Co. will declare a amaena or li a snsre ai meeting io nay, thereby assuring 12 disbursement on Oreene Cananea, which meat next Thursday, MASSACHUSETTS CONSOLIDATED MIN. INO CO. Reporta for June production 117.700 pound refined copper and net pro (lis I4,1M, aa aga'.nn production 4H.4l In previous montn ana prome or seo.ua. M'INTTBB MINEI montha ended June 044. Increaae I24.M1 ES Report for thm 30 optratlnc profit I17J, . Or milled wa 19.411 three 441 tone, value oi a ton compan rv lavorably with laat quarter, Oros ralua of or treated total lea ui.ho. opsratin- con xa a Increaae orer laat quarter of tt oant. TEMISKAMINO MINING-It la Mated that company naa iwu.jii on nana: 111.:; ore of bullion In storage: 90.271 oxs. amelter. iuaU. Ing total nf M7.W ot., which ralued at price of Hirer la worth 1300,000. Disburse ment ot V'i.co must be deducted from thl lOl, CTAH MaTTAL CO. Haa declued Initial TMend M eesrtsper sear piratl Aur. e w nw w swveeis a e Plan for Retirement of Trust Certificates To the Holders of Edison Electric Five Per Cint. Stock Trust Certificates, Philadelphia Electric Fivr Per Cent. Gold Trust Certificates, Philadelphia Electric Four Per Cent. Gold Trust Certificates. The rapidly growing business of the Philadelphia Electric Company has made necessary the raising of additional funds for the further extension and development of its system, in order to provide for the increased requirements of the public, and to maintain the character of service which it is the primary duty of a public service company to furnish to its consumers. To accomplish this purpose, it is necessary that the Company shall have the co-operation of the holders of the several issues of the outstanding trust certificates. The system of the Philadelphia Elec tric Company (of New Jersey) consists of the plants and properties of twenty one different companies in the City of Philadelphia, substantially all of whose capital stock, with the exception of two of the companies, is owned by two New Jersey corporations, all of whose capital stock in turn is owned by the Philadel phia Electric Company (of New Jersey). The capital stock of nineteen of these companies in Philadelphia and of the two New Jersey corporations is pledged as collateral for the various issues of the outstanding trust certificates, as follows: fl,-m,3H Edison Electric 5 Stock Truat Certificate, U,2S,M Philadelphia Electric 5 Gold Trust Certificates, I1S.S14.1-U Philadelphia Electric 4 Geld Trust Certlflcatei, or a total of $3t,27t,M2 outttandlaft trust certllcatea. The capital stock of the remaining two companies owning plants and prop erties in 'the City of Philadelphia, vir., Kensington Electric Company and The Philadelphia Electric Company (of Penn sylvania), is likewise owned by Philadel phia Electric Company (of New Jersey), but is not deposited with the Trustees as security for the trust certificates. The Philadelphia Electric Company (of Pennsylvania), organized under the laws of Pennsylvania in 1902, now oper ates, under a franchise from the City of Philadelphia, the entire system through out the City of Philadelphia, either by its own plant or by virtue of leases made with the other operating companies, and since 1902 the principal additions to the plants and systems in Philadelphia have been made by it. After giving consideration to several methods of financing, the Management has decided that the plan most advantageous to the security holders and the Com pany is the unification of the various plants and properties into one ownership by a transfer to The Philadelphia Electric Company (of Pennsylvania). In order to accomplish this purpose, it is proposed : 1. That the authorized capital stock of The Philadelphia Electric Company (of Pennsylvania) be increased to 59,Nf ,0M. 2. That The Philadelphia Electric Company (of Pennsylvania) authorize a bonded indebtedness in the sum of $69,000,t00, to be secured by a flrst mortgage which shall be a direct lien on all its property then owned, comprising the entire plant and system It now operates in the City of Philadelphia, and all property it thereafter acquires; the bonds to be in denominations of $1000, $500, and $100, to bear Interest at the rate of 5, except in the Instance noted in paragraph 3 (c), to mature fifty years from their date, and to be redeemable after fifteen years at 195 for the 5 bonds; approximately $35,000,0 09 of the bonds to be presently Issued and the remainder reserved for the future financing of the Company to be Issued under restrictions properly protective of the holders of the bonds; the principal and interest of the bonds to be payable without deduction for any tax which the Company may be required to pay or retain under any present or future law of the United States or of the State of Pennsylvania. 3. That the holders of the several issues of trust certificates be given the privilege until September 1, 1916, of selling or exchanging their trust certificates upon the following terms: (a) The holders of Edison Electric 5s to receive $1080 in cash, or at their option $1100 face value of new 5 bonds, for each $1990 face value of said trust certificates; (b) The holders of Philadelphia Electric Gold 5s to receive $1050 in cash, mr at their option $1060 face value of new 5 bonds, for each $1000 face value of said trust certificates; (c) The holders of Philadelphia Electric Gold 4s to receive $850 in cash, or at their option $860 face value of new 5 bonds, for each $1000 face value of said trust certificates, or $1000 face value of new 4 bonds, secured by the same mortgage, for each $1000 face value of said trust certificates. Where trust certificates are exchanged for new bonds, amounts less than $100, not convertible into bonds, will be paid in cash. The holders of trust certificates who approve this plan are requested to de posit their certificates with The Land Title and Trust Company, Broad and Chestnut Streets, Philadelphia, and at the same time to execute and deliver to that Company written authority on forms provided by the Company, for the sur render and cancellation of their trust certificates for cash or in exchange for new bonds, as may be desired, on the terms herein specified. The Land Title and Trust Company will issue for the trust certificates so deposited, its nego tiable receipts entitling the holder to receive on consummation of the plan either cash or new bonds, as the holder shall have designated. Signatures to forms of assignment must be guaranteed by a bank or banker known to the Depository. It is expected that the retirement of the trust certificates by purchase or by exchange for new bonds will be accom plished not later than December 1, 1916. Any semi-annual payments maturing in the interval upon the deposited certifi cates will be paid in the usual manner to the registered holders of the negotiable receipts issued therefor. Any addi tional sums accruing thereon will be ad justed to date of settlement. If for any reason the plan shall not become opera tive, the trust certificates that have been deposited will be delivered to the holders of the receipts issued therefor, on sur render of the receipts, and due notice thereof will be given by the Company to the holders of the receipts. The Company upon its part has made the necessary financial arrange ments in accordance with this plan to enable it to provide for the future. If the plan becomes operative it will be most advantageous to the present holders of the outstanding trust certificates and strengthen their security, as they will be entitled to receive in exchange the new bonds secured by an absolute first mort gage on all the property now owned or hereafter acquired by The Philadelphia Electric Company (of Pennsylvania). The success of the plan is largely dependent on the prompt exercise by the holders of trust certificates of their election to sell or exchange their certificates; and it is essential that the trust certificates be deposited with The Land Title and Trust Company on or before September x, 191 6. The Board of Directors and officers of the Company earnestly recommend the acceptance of this plan by the certificate holders and urge that prompt and favor able action be taken by them. By order of the Board of Directors: PHILADELPHIA ELECTRIC COMPANY Ioseph B. McCall, President. Chicago, Burllneton&eQulncy Railroad Company Dtim Eiteitloi Four Par Girt. hut Cakrnai-a I I (11 WHS ICHIUIIf I, I1MI Itnw.nM . mmmmAtm li """w, in nr.iir.nr uivxn Tnm i PUMutnr nf th Truit Asraement dsieS ! ramW I, M, br nd bmrnti tti CM-MS. niirllnton A Qulncy RtltrMd Compear i a new En!nil Tniit Coroptnr. UM IW lowing lUnvtr Eittntlon Pour Per CeaS. Itendi due February I, IOT1. et sal BeM- roaa loinpany, liwuxd tin-tor laid nm aerMoieat, hare batn drawn for paraaMt, rli.: One hundred thtrtr-ntn MM) l.ooo each. numbn IT !( Ut7 ail 4US 04S 44 1 041 3312 4104 6073 7 1078 IM7 3414 4301 IV7 70 I0S1 197S SSOg 4.1.10 (1117 SSI 1140 9032 4.142 AI2S 287 11B3 2122 347 4382 6100 290 1 18(1 2IA7 3589 4380 6207 210 1221 223.1 3641 4307 6282 842 1369 2316 3644 4426 6363 470 1321 2381 3663 4617 6882 425 1407 3.100 3707 4666 64IA 671 1618 2348 3708 4604 6628 620 1647 2660 3746 4734 6674 834 1660 2621 8788 4788 8002 700 1728 2760 2MA 4368 6683 760 1760 3786 3896 440 6716 826 1791 2810 anna 4973 6745 848 1796 3833 4177 4099 6753 bawdi tee 6M8 881 eioe 6202 6348 6874 63M 8414 8438 6401 688S 80OT 6411 60M 0861 80( T80 7317 rats 7888 7408 7464 781 7704 7787 75 end Thlrty-thm (.13) bonda for 8100 oaek. numbm 08 0148 0420 0760 OI06.1 01203 01800 01TM 008 0208 0537 0166 01107 01407 01708 0174T 074 0266 0725 0930 01123 01408 01708 01783 078 0374 0767 01050 01250 01365 01714 0184 091 Tha bonda baarlnc th abort numban will ba purcbaiwd at par by I ha paymanl of tha principal mm tbmraf, on pnwratatiaB end df livery of tba aama to tba underalenad truttae. at lu officii. 133 Dtronihlra Sliwt. ea tba flrat day of Auanit. 1010, from which date tntaraat an laid bondi will ccaae la con formity with the lmi of tha truit acraeaMet. Thi New England Trust Company Tltl'STEE. rty jAMr.s n. noorr.n. Preaidaat. Boaton, Mtu., July 20, 1916. O'GARA GOAL COMPANY To lb llnlritre of Flral .Mortaafa Flra Prr Onl. KlflT-r MnMnr land Oeld Bonda and rtlri' nl of Drpmlt of Ca ItimMa Truit Cimipnn-., Srranlon Treat Company and Miner Hank of t Ilkra-Barro thi-refori ' ThA nniiri rnd hiv. pdADtad a elen and ag-itm-Mit of r.oraanli iilon datad Jun "tli, 13U. ami have il.poilted a copy thereof with the f ..umhli Truit Company, at ll pfflce. No. 6u Hriailmiy, Borough of .M.mnitiin, 1 ity or .New or, r. v. J' rt Irliin t Ion In the ..ill man and agree ment on the t'rt of the holder of tha aooe-ineniioneti eecurini 11 ronamonai u-pon thilr Wornlrt- ptrtl thereto In tha minner iirovlJed In atld pln and ara ment, reference (o which li hereby mada. Iloldera of bonda nho hsve not already depoiltnl the iime under the Dondholdere' Arriemnt ate,i i.ptemrer inn, mi. may become parliee (0 the rim and afrel ment of reomnnlr-ttion by depoittlnr Ihalr bond In iieKotUble form with coupona of March 1. 1114, end all eut,ieo,uent coupon! attached, with lh Depoillary mantlonad In the il in nn-1 ngrremeut, UN OR BE IT) nr. Jl'I.V I3TII, HUH. Coplea of the plan and arreemant af ra orranKatlon may be obialne.l from tha Di-liltary or Irom the Secretary of tba Committee, Dated New Yorh. June 7th, llll. IIKNItV I.. (iHIF.N, Chairman 1 llnWAItll II.WNK. 1'. M. KlltllV, KII1VAHII 8. JONKH. Bondholder' f-ommltlee acting tandee Afreiment of fteptemtirr 15, 1818. (Ill A HAM ADAMS, (iecretary. (1 nro1ay, New York City. . T. COI.UMIIIA TRUST COMPANY. Depositary, 10 IJroadwav Tlorouch of Manhattan, fill of New Vo-k .V V. i ii-iiKi'(i-.n.nir. SCJIANTON Tltl.-ir 1 UMPANT, Si-ranton. I'a Mi.vnns hank uk -ivilkep-barre, Wike.iirre pa rteferrlna to tl-e iti. notice, the Com mittee hie eitenUl 'lie time for tha da poilt of hondi to and Includlns AUQUST 111. ill ST. 1.(111 KAN rRANCIHCO RAII.ltll.11l COM r.NY. Tha underilgne.l. Tho KqiiliaMo Truat Company of New York, truit. under an agreement dited September 3, 1912. be tween .ut l.ouli ,v an rranclico Kallraad Company and raid The Cqultabla Truit Comp-inv of New York, alvei notlci that, default lulnr nicurtei in the payment at maturity nf the prliv Ipal of lh notca of t l.ouli & Pan rrim liro lullroad Com- 1any I. 11. 1 under .aid aareement of Pep. ember 3, 1M2 the undermined on July 5 Hth, 191 n, t 1 " o rlo, k noon, at the Ea chanpe Saleiroom. No 14 id Veiey fltreet. In the H"rnuh of .Mtinhattm City of Naw York, will tell at public auction the follow. ln lecurltlei, hMna all of the collateral held by the unlinlgned ni truilie undar the agreement above named $2,000,000 no par value Capital Stack New Orieana. Tela! A Mexlca Rail-ro-id companv. 4,229,1 ss 1111 Notea of Naw Orlean Teiaa - Mnko Railroad Company, and all other Indebtedneii of laid la at named tompany to the Ft. Loula Aati rr.inclico lullroad Company, ac cept New llrlenn., Texaa and Manlce llvlilon, I'lrat MorUun- Rondr: 1,4110. 111111. on pur nlui ('referred Bteoh of Klrhv 1 iniber ruinpany; 82ri,4li."..uO Tinpor.nv Klrit Marteace KU Per Cent Onid Hondi San tlenite Illo Orinde Vn'lej Railway Company: T0.00.l1n par alue Capital Ptock of Pan Renlto Itio ilranda Valley Rail, way Compmy All other Indebtedneii of Pan Btnlte A Rlo drande a;iev Rain-Aiy company to Pt l.ouli & .''.in Francises Ralfraed Company. Dated June 53. 1 91 rt. THE KiJflTAHI.K TRUST COMPANY OF .VKW YORK llv I.Y.MAN UHOADCP. Vice Prilldant DIVIDENDS AND INTEREST. jla,weKrf-w-'-------w-w--w-- New York Tiamportition Comyanj 10 Tint 102nd Mrrct, New York. Juna 11, 1918. Tha Board of Dlrntora hai thla day da dared a dividend of twenty-five centa par ahare on the capital itock of tha company, payable Pipfmrer 1, 111$. to atockholdare of record at tho cloie of builnne en Aurnt H, 19H. Th tranifr books will not cloaa. OEOnCK 1, WILLEMK. Treaaurar. nr...liu.inii am i.i.r, niibnai, Tiro Per ( rnl. Adjintnicnl Mortgag The eeml annual niiilmenti of Interett on Feaboard Air Line Rallwav Adjultmmt Bondt amounting to 2',' iKlOO) repre ented by Cnuponi Nci 31 and 14 for 111.19 each, will be paid on ml after Auguit 1, lair oi v. u . 1110, ai me pirn. 01 ..i.fre n J0, ;i iirnau -iri .-.w im. . . ... . 1 .. t, nA iw Irinniril ..ir t.iii- ii;iin Hi' D C PORTElVP, Secretary. New York. June :0, 1114, EI.F.CTIONS AND MF.ETINOS. A Ppeclal Meeting of th itockholderi of th T It. Almond M inufacturln Compiny will hi held at the om of the company. 31 Droad Street, New Ynrk, N V. Room llll. on the flret dav of Auru't. tll, at 5 o'clock In the afternoon The following la a brief elatement of th" huilnen to ba tranctd at iuch meetina To vote upon the propoiltlon lo tncraaaa lh capital HOi-k of the company from 111,000 00, conilillng nf 610 ehirea of com mon tock of the rar value of 1100 00 each and S11O aharei uf prrferted ati-ck of tba par value of 1100.01 rach, to 1311,000 00, to conilit of ISO iharea of common atock of th pir value nf lioo no each and 1,100 iharea of preterm I tci' l of the par value of 1100.00 ench, the preferentei of J, 100 additional iharei nt preterred etor.it lo b th mme pref.-ren e ai li now provldad for th exuitlng 100 ihnrei of th prfmd tock, and to empower the ofllcer of the corporation to do all acta ttnd thing neeaa aary ta effectuate euch lncre.111 of capital atsclc and to aulhorlie tha lnu and aala af iuch tncreaied capital itock. and to iraneact auch other builneaa a may eeau balora Ua meeting. c a IHinntLU Fraaidaet IT. R. HUnilEI.t.. Kicretary. Dated, July Kth, ltl. I.O8T, rOUND AND IIF.WABD8. LOUT fall Rook No. 171 Ml of tha Seat River Paving Institution: pay mant (toppad: fladir pin ltav It at th Bank. 111! Ill-ltl Broadn-ay. Naw Tork City. AM par (ma ere eauuoaed Mt te mmmm 8c