davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
STOCK EXCHANGE NEWS
Independents Name Committee
for 1918.

An Independent nominating committee
has been placed in the field by a commit
tee representing the younger element Of
inc New York Stock Exchange. This in
dependent nominating committee has been
Tut up in opposition to the committee nom
mated on the regular ticket because OF a
desire on the part Of a large number Of
the members of the Exchange 10 place this
important committee more under the con
t,ol Of tho general membership.
In a circular that was distributed yestcr-
day among the members of the Exchange
the committee that placed the new indie
pendent nominating committee before the
Exchange membership explained tho rca-
sons for such step.
IT was stated that for some years there
has been growing sentiment among tho
members Of the New York stock Exchange
hat the system by which nominating com
mittecS named their own successors Is I'M
satisfactory.
II was pointed out that while il was =
feet that the members had the right to
place in nomination IN independent ticket
was explained that because OF the diff
Cu,ies attending tho presentation Of indie
pendent tickets IN the way Of controversies
and disaCrceablc personalities, worthy and
eligible candidates have in the past h'si-
tato9 20 enter into such contests.
Tho following are independents chosen
for 1919: Oliver y. Pridgman, Frederic
Gsllatn. jr.. Alfred J.. Norris. Jindsl"H
Tappin and William c. Van Antwerp
In conclusion the committee that put
forth this independent nominating commit
tee said:
This committee has only the highest
esteem for the present board Of governors
of the Exchange, and this independent nom
ination has bcen made without implied
criticism either to the board Of governors
Or the regular nominating committee. The
ono and only issue is this DO the members
OF the Exchange desire 20 select their gov
errors and officers through the me lium or
nominating committee selected in ac-
Icordance it'll the principles above stated
such decision can only be reached
through a count Of the ballots.
&C z HOLZDERBER Chairman.
II. V. STEBBINS, Secretary.
u il. GRIESEL,
"R. J.. NILES.
'EBEN STEVENS.
or w THORNE"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
IRON TRADE CONDITIONS.

Tho iron trade conditions as 49,. . 80
,bc general scope Of the trace pres a.
given In the summing up IN Inc '0"
rr.do Review" which says:
IiberaI specifying against contIaG.s 10 10
e.isbod materials have resuIttu IL IA
1850 mill activity and general coiiu,
.ioHs az 10 pig iron and hnlsneu P ,pu -,
a., very favorable. Naturally, l oil0g" "a
Ic heavy contracting which precffu eii,o,e
yances on bare, plates, Shapes mn ~ not
go has been little buying ana ~ Is To- c
cxpected that there VIII Le soo,i. in, a
,,HbprLet &c attracting much attfh't2u g.,
MAJ -, 90 furnaces would like TO bio" IN
.hni- etacks if satisfactory contracts III
~ ~ Gould be made There does not seem
IN Inv nrogpect that they can 90 So 80,
~ W ~ outiook 20 that the production OF PIs
~ ,,iIi me increased little. There Coht Iis
,,ee some ejzeable buying OF pig IRON ~ s IT,
$500 rnarkets In the South the Ieaulns
~. ,ro,, niye interest has taken %O"o totls
80 .forsl ri foundry grades dnd inc 5outu-
az S,cci Works has closed for l9'WV IONS
~ hosic THE railroads are closing s0.h r
UiovsI contracts for rails ana cars, ~
,,',.i,,,an lines this week Distribute Sfp
...' In rails. the Grand Trunk faClhc nc raS
ICED for 30 90 tons and the CanadlhI
Ia Cor * M tons Of open heartn WIN va
S,eel Corporation mills. y western 20 CO.
taS also placed a Snhnehtg1.IaI, Uon1na,gv
e. no tons. The Bethlehem Steei No'''p 80,
10, 80, 900 tons Tor South AFRICAN shIp-
las r,asni,e its high rate or operations
,,,,icb are ~ per cent OF lns0t Ia aps,s "a i,
" nv S.nai Corporation's new booEiisS III
tuc nv, ,co,eideraIlv exceeded It's shipments
~, - unified tonnage statcT1ent 10 pe
an arr, ,evt week viii show heavy m
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
CONSOLIDATED EXCHANGE.

Dealings in United States Steel common
on the Consolidated Stock Exchange totalled
$3.50 shares. the heaviest business on tho
floor I'm that stock since February ! last.
The opening was on running transactions
from 7lss down TO ia The lowest at which
sales were made on the Consolidated floor
in the early trading was 7Us. On the later
decline, which carried the quotation for
Steel under 20, tho lowest Consolidated
price was 697s against 69a4 on the other
loard. The whole list experienced Sc
we're shaking down. but "A better tone de-
veloped in the late afternoon. accompanied
10y irregular recoveries. There appeared
10 lie d tendency to place the poor showing
as TO earnings made by the Steel Corpora
ton in tho category OF past events and
to lay stress instead upon the prospect for
future improvement In the steel trade.
Reading came next to Steel to volume.
with 1870 shares. There was q broad
market I'm Smelling. the aggregate Cor that
stock OF $40 shares placing IL third on the
list. Commission houses handled a largo
odG lot business in American Can md
Nevada Consolidated. The first nameu sold
a. high as 1915. compared with a New York
Stock Exchange high of %. Sixty different
stocks made up the trading list. Detailed
operations follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
BONDS SOLD "WHEN ISSUED"
New City AZ Expected to Rea-
lie 1907 and 101 Tuesday.

Bond houses look for an average price
of between 1909 and 10l to be realized
at the sale next Tuesday Of the se5.000,OOO
A.. per cent fifty-year city bond issue
recently announced There were transac-
lions in these bonds. when issued" on the
Curb Yesterday at 10l 3-l6. On the Stock
Exchange the A.. per cents of 1910 closed
at 101la
The 10000 900 hfty-year AZ pcr cent
bonds sold by the city IN January. 1911
have never been traded in on the Stock
Exchange. the only market for them being
! the Curb, although the temporary receipts
for them were dealt in or the exchange
up TO August last about the time when
the city began issuing the defnitiye bonds.
There were two bidders for the engraving
and printing of these bonds. the contract
being awarded by the city TO the New
York Bank Note Company. which sub
United a bid lower than that of tho Amer
lean Bank Note Company, its only COM
petitor.
The Stock Exchange declined 10 list the
bonds If they we're 10 be engraved and
printed by tho New York Bank Note Com
pany. which was not upon the list Of
bank note companies tho work OF which
was officially approved by the exchange
Mayor Gaynor declared that the city Of
New York was bigger than the Stock
Exchange" and It was decided 10 give the
contract to the New York Bank Note Com
pany Subsequently the Stock Exchange
governing committee authorized the COM
nittee on stock list to pass upon the en-
craving work of tho Republic Bank Note
Company. Of Pittsburgh. and the Hamil-
ton Bank Note Printing and Engraving
Company Of this city.
40 favorable action however. has been
taken upon the New York Bank Note Com
pany. and II is probable that with the
contract for making the certificates for the
coming $4,000 600 bona issue awarded TO
that company the stock Exchange will re-
fuse To- list this issue also.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
THE MARKETS

Weakness prevailed in wheat at the be-
ginning and close, with some buoyancy IN
the middle of the day. Corn vas inactive
with unimportant fluctuations. oats were
fat. with light dealings. Provisions were
lower on large receipts OF hogs.
Cotton declined sharply, with break OF
80 to IS points in prices from the closing
quotations OF the day before. The slump
created considerable excitement In the cot
ton trade. Trading was very heavy from
the opening. but the selling movement did
not run its course until July got down TO
1l.0l. The market now looks to be In a
better technical speculative position than at
any time for the last month The strained
bullish conditions have been eliminated ana
the heavily overwrought position which
made this breal, possible has been to
very larse extent corrected.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
SYNDICATE NEAR COLLAPSE
German Steel Price War Expect
ed at End of Three Months.

Berlin. May 1.-The great German steel
syndicate controlling the competition OF
German steel works By system or pro-
auction quotas nearly collapsed last night.
The agreement formally expired at mid
night, but the members disregarded tho
close, and carly to-day had succeeded IN
preventing q steel war, though only among
the first group, comprising manufacturers
or rails. ties, structural steel and hst
rolled steel.
An attempt to regulate the production
Of the second group, which manufactures
steel bars, plates. tubing and wire stock.
which tho syndicate formerly controlled By
restricting the quotas Of raw material m
be used at each factory, was abandoned
and price war is expected At the enJ OF
three months. by which time the present
contracts OF the several factories viii hsrs
Leen completed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
OTHER LIVESTOCK MARKETS.

Chicago, May 1.-CATTLE-Reeeipts 81. 600
strong bseycs. s5aso; stockers and feeders,
calves. s. 5OQSs 20. HOGS Receipts, 40. 600,
easy lisha s. S9asI I5: mixed y ID s. S5as7 -
- 75asG 50: bulk Of sales, s. 6oaS7 80. SHEEP
- Receipts. 2i.000. steady 10 strong: native. 81
ass - Western. s. 25aSs 20; yearngs. So 5Gn
50 10, native lambs. 50 jOg$9 so. Western, So SO
kansas city. May i-cATTLE-Receipts T.
SEQ, Including 200 southsrns: strons, TO lor
export steers. 81 9oasS 10; fair to good, SO 6Oq
81 ~; Western. $6dSS 80. stockers and feeders.
81 75NSI. Southern. - 75dsS 30. Southern cows.
s. %. bulls, s. 5onsG 30 calves. S5as7 10 HOGS
Receipts, 1900: lOu loo lower; bulk Of sales.
s. 5cnS7 S3's heavy, 81 75qS7 50: packers and
sbaS6 70. SHEEP-Rerepts. 400: steady;
clipped lambs. 81 %, spring lambs, sl4; lambs.
ewes s. 5oG$7 -. stockers and feeders SASS;
Texas goats 50 3JqS4 81.
Cincinnati. May I-CATTLE-- Receipts. s33;
so% 3? 9smS 90 ' calrs: stead at s. 5oasS
PACKERS. s. c3ass; common ssogs: s5gs7 =: pig
Receipts. i02. steady az g. 75uS5 20 lambs
steady al SGa$S %; spring lambs $SG$13.
Fast Buffalo May i[ATT Io, Reeel ,G5 100;
tive and 81 higher at 81 5odS9 50; a few 50 -
HOGs-Rcceip;s. 200: slow and l5a2Jc lower;
heavy, IS iOa$S 2j; mixed IS l5asS q; Workers,
81 40dSN 20; pigs. S1uS7 -. roughs. 81 lOa$7 %.
stays. Sj4<6 -. daries. 81 7JFss 10 SHEEP
AND AMBS-ReCepts. 5000 active and 6Od
Tjc higher: lambs S4HS1O; yearings. 81 j0d
IS ~, wethors. 81 j0USI 80. ewes, SO J0dsI;
sheep. mixed, S2aST ..
lBy telegraph 70 The Tribune
So Louis May l.--CATTLE-Receipt 1876.
choice grades steady. all other l09l5c lower;
s.ecrs. 81 25dSS 50; heifers. 81 1JdSs %; cows,
81 30aST -: Southern steers 81 90GSs. HOGS
Receipts l2.3S0 fairly active and 1OI2Jc lower:
choice medium 10 heavy weights. 81 s0ds7 %;
bulk OF sales 81 55qs7 50: packers. 81 50aS7 SO;
best lights. 81 25QS7 70: fair DO, s. 2JTSG: best
pigs so 35GS6 ~: fair, little, 81 25pS5 SHEEP
- Receirts 2303: active. 2Ja4Oc higher; spring
lambs SIOH$13 clipped lambs. SSaS9 %; year
llugs Sass 80. clipped mutton sheep. S7Gs7 80;
Lrnlls. - 30
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
MONEY AND EXCHANGE.

THE MONEY MARKET.--Money on cal
opened at 27s per cent: highest, 3 per cent I,
lowest ~ per cent; closing, @is per cent,
ruling rate, IS per cent Time money was
much firmer In tone, the chief interest,"
ceutrjnC about the four and SIX months
periods. The supply was Of fair SIZE, COM
ing chiefly from out Of town Rates, -
per cent for sixty days, 3i4a3i., per cent Tor
ninety DAYS, 3ig per cent for four months;
3lhd35, per cent for FIVE to six months an !
oVer-the-year 4d4A per cent MerSantlle
paper was sold moderately here ana else
where. Some attractive names were OF
Tered Rates. 4nAi2 per cent Tor SHY anu
ninety davs' Endorsements, 4q4iz per cent
for choice four and six months slhS'e
names and per cent for others
1-opErGN FXCHANGE.--Easie London
discounts were again reflected in further
lowering in the foreign exchange inarhst.
Pueiness however. was on Slight scar;
Aftsr the weak opening the market rsInen
slightly and then sagged back. tlnai quo
tafions were: Demand sterling. 4S5'Oq @sy,
Cables 4S7G4 s7uJ. siXty-day bills, 4Sl%'
short francs. 5lSs; short reichsmarks; S1.s
less i-52 The market was dull Throughout,
Tbe early decline and late reaction "eIe
due TO easier monetary conditions Al lot
eign financial centres.
r,..I-r4f r,nEfpG rates follow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02

MOLASSES AND SYHUPs-Syrups duIl ana
unchanged. Mclasses steady. with taIIy eoou
demand.
NAVAL STOREs-Spirits turpentne stsady
and machine made barrels quoted at o-t:c'
Tar unchanged Rosin steady
RICE--SteaGy; demand slow; prices IN
changed. -
SIGAR-ReGncd dull; fine graduated. op1
n : o0c net less = ucr cent cash inside pric"
by Arbuckle Bros. In London beet sugar Was
dull and fiat with = decline OF = May, los
SD. June i3s Cd, and August, is Iiad. RaN
here was steady and unchanged. with buyers
q, the market and spectators bidding lIe'-
ton above quoted rate. Centrifugal bb lcs'
stood AZ 3 Csc: muscoyado. SO test. 3.fsc, ana
molasscg sugar, 80 test. 3.23c. According 10
Wiilett * Gray the movement OF sugar az the
four United states ports for the week, hgures
i'm tons vas as follows Receipts, 81, 15S tons
agslugt 20. 400 tho week before and 6S, W. a
wear ago. MEETINGS were $1,000, against 5'oon
and $1,000 stock. 2i".4jS. against ls-'too 'a"o
g15THG
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
LIVESTOCK MARKET.
New York. May I. 1911

NOW lOrk, Nay T.
HF.TytS-Rece!rtS f5T cars, or 3.OI7 head;
20 cars on sale. Steers Slow desirable grades
STEADY: others barely steady; bulls slow 70 700
~, lower NJ Jersey CITY: steady at the New
Work wards; COWS steady at the upper yards; ~
Jersey city thin cows about steady; others weak
TO 15c lower. several cars OF steers unsold-
Medium 10 choice steers sold at 81 404SS 90 per
100 ~. outside figures for the best steers shown
here and bought by J. lIeilbrunn. OF Jersey city;
. fancy steers. tcp az this years market, al 81
were led hy r. =. Brauer. Blacksberg College.
IA and were bought by William Everett. OF
Jersey city. oxen sold at 81 9OGSI; bulls 81 30
fsT IL: 1 fancy bull 81 40: COWS. 81 sSGs6 %.
Dressed beef steady Exports, 81 cattle and u
sheen to Bermuda
caies-McPherson A Co. - Pennsylvania
steers 1870 10 average. 81 ~ per 100 n; 49, 1910
m 81 80: stag, go II, 50 80. bulls 1880 10.
81 I5 I. 1907 n, 81 rs, ., 1880 10 s6 10; g. 1883
m. 81. T. ltoI N, 81 20. 6. 1870 10 So 40: .,
1850 10. So 90. 1850 ~. S.; I. 500 H. 81 rs. II
cows, iIGl II. 50 Is; 10, 1875 ID. SO 10, Is, Ill:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
3! 81 ~, - nnsfed rates follow

DOMESTIC EXCHANGE, Boston, &C &C
discount. Chicago. 20c premium; New -.
,nsne commercial csc discount, bank ?
II'rnr7iuu asked. st Louis. 40c premium
bid. 45c premium asked; MINNEAPOLIS; I've
20 per cent premium; san Francisco
sight &c. telegraph &C.
BANK CLEARINGS.-.New nork;, - S5-
cbanges s389.5lO.449, balances 81, Al 49, 50 I,
baltimore exchanges S6.952,234, 6 saI nc
sT20,947; Philadelphia; exchanges 90 I'1 ~,
changes sSi,21O,2O2. balances sl742'S2i.
SILVER MARKET.-CommerciaI har
sii,.er sII.c; Mexican silver dollars &C.
Bar silver in London closed at 20 5-lod.
MEXICAN EXCHANGE.--Mexicc9onr eH-
change on New York is quoted at Zol T.
STB-TREASURY. - The Suh 2I fnr
was creditor TO the Clearing HOUSE III
s0E6 1SS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02

PROvIsIONs-Easler early. but late In TIE
dsy tho market rallied. closing at about mo
ton PoRK-Firrn: mess. $50 10 n s2l family.
sos 80 BEEF HAMs-steady, $50 .; 90 g gc s5e 20
BEEF--MesE S14aSlI 30: family. SIG 90 Z ~ /.
packet aI5 30 q SIG. extra India mess, s2sW
SEQ 30 BEEF HAMs-steady. $50 30 q $50 30.
DftESgED HOGS-Bacons, 1Oiz m1OAc; pig
I1Lr CUT MEATS-Plckled bellies II q l2c'
picked hams barely steady. l2p l2lsc. TAI
IOW-Firru: special, 7hc asked; city, "a
country, az a64.c LARD-Middle Vest;
10 BOA lie: city steady. 1919 Mio&c; rehned
nrm.r; south America. 12@5c: Continent
II zoe; Brazil. kegs. 13.25c. compound hrnl,
9Gpic STEARINE-Oleo. lie asked; CITY
larc t?n12hc
METAIs-COPPER--Sts weak SPOT
and May. 15.5o01 7ic: June, l5.3pa 10. 90, (.
inv erd August II. 90 fsI5.doc; London dull
spot. no 81 "a; futures. III: oxpprts. @23ii
tons Tor April; lake copper. l9i, ae'1c eiT9tgo-
I,tIc 1G9 1910; casting i5As n 1850 TN
Essy; ,po, 49aA6S7lse;, Ma May, ag ~ 800 s
,,oi AZ aj6f a. zoe; london quiet; spot. f2l0
i5. tutare. e3os iSs Ln ,; "a. 81 ioa,a
49, ~ OoO 10 July New York AZ 42jc AMI
%, 600 IL July East st Louis at 4.l2'se' Lon
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02

SPOT qulct with prices 80 points lower az
II zoe for middliug upland: delivered on con .
,r.rt % TOO bales Liverpool cables. spot
| sto3dv. salcs 10000 bales. speculation ana
n,port 900. American. 1000. imports -boDu,
American. 20 600 Middlug upland. t4ld.
,-uttircs opened quiet At lf2 points advance,
rlosod ateady. G06i- points lower May ana
uav.l1pr SI5Hd: Juue-July, $500, july .
August GITI.d. August september, Gl6l2i;
ccrf rlubcr October $3.50. october NoNein0"E'
q iOi-d. Novcrnbc e December. bU9d. D"cc'li -
ber. January aud Jauuary-Februarr, 6uNd
rchruary- March, GOsi,d. March April, 6O9'aA.
1OI1-EE-Thcrc WAS only a small volume
NJ Lusiuess palcs amounting N 2N.2'O BAGS
and after 2 steady opening oD th" cables prices
sarued OF closing quiet At q net dtclur or
- q Dolrts Uayre and Hamburg closed I'M
-banred 20 &c net higher. ard Brazilian mar
Lntq ,rsrs without special feature, prices snow
In, an advance OF 10 Tcis in Rio. while santos
us unchanged The delivery figures for mo
mouth were encouraging 10 holders. as thcy
indicated continued activl'Y IN conSuIlpll'u'
which n n keeps up until tho end ot mo zen .
son viii 20 a long way toward ouseithg thc
smau figures for the htst half or tho year
TctsI Furopean deliveries for the month we're
aTG 624 bags from which must be d'nu'tei
IOG sea bngs OF vsloTlZation coffee ttausi' IIti
20 America leaving q total NJ sb'.'op baEs
deliveries OF Brazilian In America wore "Jiu"p
hsrs while milds with two DAYS 10 near TOY, or,
o'nre no 2Gi bags inakins q total OF r5o8ioO
baes compared with 1l2"."s3 for mo sans
tifne last year. Cost and freight oitcls were
unchanged 20 slightly lower, but business WIS
insciiye Local spot market unchangrd al
tti,c for Eio 30 :. Locai contract prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02

don. nc los. SPELTER-DuiI. G90G7c New
York, G.Gorf Sue East ~ Louis. London, I'D
lbs IRON-Clcveland warrants. 54s in Lon
don locally steady; No ! foundry Northern.
No I Southern and soft $1J % q SO 70; No :,
SijnS15 90
OILs-Rehned petroleum. continued arm
and there was another advance Of 10 points
In prices 70 the basis OF $500 for standard
white IN barrels al New York. Lin5eed OIL
unchanged. NEUTRALITY-SUSPICIOUS. white
tbis New York and Philadelphia, $500; bulk
bulk. &C.; cases 1t.5Oc LINSEED OIL
American seed city raw, a. u &c: out OF town
raw. 7l975c. Calcutta raw. soc lard oil.
dh005c.
IOTTONSEED OU-Prices advanced. with
active covering by operators who were believed
& he quite heavily snort. and the market
worked higher there was renewed activity en-
the buying side. Near the close offerings In
creased and final prices were or from the top.
although showing net advance OF > TO points.
Local contract prices
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02

Nv York. May :. lnl@
-NUEAT--Nas ucrN Gus and unset
tied With quick price changes There Was a
slight decline early but the market rallied
and prices advanced = Gli,c. Near the CLOS"
there was renewed selling, and Tho market De
eilucd n The low Of the day. closing az n u't
loss 81 = ~ lc. a PriNat" report. is'Gci ~ y
Chicago house. made the condition ~" sho
estimated tho area abandoned at GIJuo''
acros Reports from abroad said that there
,,ss heavy selling there. owing TO heavy "it"T-
ircr from canada and Argentina, tho 'a''f-
able European crop situation ana GROWING
belief that tho reports on %" American crop
have bc,u eA8Egcra'"d. Deliveries % N'y
wheat I'm Chicago wrrc 10000 lushcls hHt
,h- vhcat passed into strong hands Expo.
sales. II loads a. ou'noGiS 40 f'd Wh''.
here s. 2Oi- elevator export basis. and
81 2Gf. O O. aHoat. 40 ! Northern bulIln D.
81 .II, 2 o % aToat. opening navigation. 'DhH
steady early. hut late iu 'N' session pTl'es
weakened. closing a. a nrt decline OF - y 70 =.
Export corn here. NH'ec. nominal, o ah"a
q Ats F,rfu most ~ ~. day. but on ne 0N.
va -ce sold freely ard ma
pI.pag were easier az &c decline 10 &c "H-
vance Cash oats easy, standard White. o.. 'H
elevator. sos ? and .. &c. No :. ~ 3 ga q.
natural and white clipped. G-lg 70 lee oh
track KYE-Easy. No .. N5c. nominal. G
....r.t.. o., 81 o. 1 IuNaIH
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
ITEMS or THE STREET.

These dividends we're declared yesterday:
The Pennsylvania Railroad Company. reg
ular quarterly ~ per cent, payable May
81. the american Smelling and Refining
Company, regular quarterly T.. per cent on
tho preferred. payable Jun" !, and ] per
cent on tho common. payable June 10. the
American Radiator Company. regular quar-
tcrly ~ per cent on the preferred, payable
May u, and regular quarterly per cent on
the common. payable June -: tho Inland
Steel Company. regular quarterly r., per
cent. payable May 10: tho CreX Carpet Com
pany. regular semi-annual 3 rcr cent, pay
able June Is. and the Portland Railway
Light and Power Company. regular quar-
tcrly per cent. payable June /.
The New York stock Exchange firm Of
Boyer, Griswold & CO. has opened Phild-
dclphia Office, with G. y. saovden as man
agcr
Between % and 50 per cent Of IN" bonds
o. the All!s- Chalmers COMPANY have been
deposited with the Central Trust Company
under the reorganization plan, as well as
a large amount Of preferred and common
stock
John \ Phlbrck has been elected d.
rector OF the Fidelity Trust Company.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
BUSINESS TROUBLES.

The following petitions in bankruptcy
were filed yesterday:
SAMUEL RUBIN. dealer in trimmings,
No % Mechanics street, New Rochelle; In
voluntary. Creditors. samuel GoldhcTG'
81. Never Metralowitz. tl2l and Isidore
Harris. s3Oi Liabilities. 5000; assets,
LEWIS G. VAN RIPPER. No. A. West oath
street: involuntary. Creditor: CLAUDE 1ur-
urr. Englewood, y. j., N.SO. . =.
NJ MARGUL1ES. SCHLOSSBERG q
FpsTEIN. manufacturers Of clOaks, No. 10
East 18th street; voluntary Liabilities
81 III. assets. 81 90.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02

The American Light and Traction Com
Dany reports for the year ended March
crease Of $l7l.4aO over those " tho prccci-
iur wear; expenses S1ls,S56. a decrease ~
Sll65, and net earnings, 35,s@.i9i, Increase
tl12 624. After payment Of preferred diNl-
dends amounting 10 tS'+l79 there was "A
balance Of S3.132 or and the surplus for
the year. after deducting from this balance
the cash common dividend OF N.l2apS ana
the stock dividend on the common, $,l%l0'.
vas Ss1SS31. bringing the total surplus 20
g. O22. I'll The assets and liabilities Of tho
company as Of March 81 are Ss,l6lt2'.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-02
THE COTTON MARKET.

The cotton market was flooded with sell
inG orders by disappointed traders yester-
dav. Tho decline i'm prices continued
throughout the day with only temporary
checks Following the first big break which
carried the prices 10 point around - TO y
points below, there was ra!ly or rev
noints hut the early sellers continued TO
offer cotton and the pressure Increased and
the market broke again 10 between q TO y
pCInts. The reports from the Mississippi
onino The valley had little effect, as the air