New-York tribune., 1912-04-21

1911, coincident with appearance OF the CIR
cular in which offer Is made to buy STOCK
Of subsidiary companies, may be tolloWSo
by similar movements in other high gIaue
Issues. such as Pennsylvania TAX OF new
rights advanced Canadian Pacihc. AlndI-
gamated sold up on materializing or the
per cent dividend rate expected. various
low priced industrials have worked up
ward Railroad statements Of March net
should be excellent, and April gross Ioohs
well The general market mas Deeh IN
creasingly Irregular. Reduction OF the a9
short account. together with substantial
profit taking, nas considerably changed the
aspect of the trading. The appearance OF
aggressive bullish initiative, however, III
Varlahly discloses only a limited noaIlns
supply, and recessiOns occurring at III,
tervals should, I'm our judgment, be met
with confident purchases for the long pull
DIVIDENDS DECLARED. - Dividends
have been declared as follows: The rope
Manufacturing Company, regular quarterly
)lg per cent on the preferred, payable ApIll
!, the Pullman company. regular quarterly
S2 payable May 10; the Atlantic Coast
Line Railroad, regular semi annual 2l2 per
cent on the preferred, payable May 10, anu
the Pennsylvania Steel Company. regular
sem-annual 3l2 per cent on the preferred
payable May !.
specie at the port Of New York for the
week ended April 20 were 1921 G92 gold ana
S2595S silver, making a total OF S6Sl;-tl'
against a total of 1861 ,526 in the preceding
last year. Since January / the imports OF
specie amount to S9922,00l, against S,ijl,2S1
in the corresponding period last year.
EXPORTS OF SPECIE.-The exports OF
week ended April ~ were 5000, $50 gold and
sGi09A silver, making total Of Ss5O,t9i,
against a total of s37,77s In the pre-
ceding week and tS0,237 in the correspond
ing week last year. since January ! tme
exports of gold amount TO 2Oi5,O9j and sll,
yer 10 $l4,53I .l22, against S2.039,l25 gold ana
Sl5. .O03. .257 silver In the corresponding period
last year,
RAIL. AND CAR ORDERS.-The MeXi-
can Central Railroad has ordered 1900 tons
Of rails from the Maryland Steel Company.
Two Western roads have ordered l2WO tons
from the Illinois Steel Company. The Fed1
eral Coal and Coke Company has ordered
400 freight cars from the Cambria steel
Company, The INhigh Valley has ordered
800 refrigerator cars from the pullman
Company
REPUBLIC RAILWAY AND LIGHT
The Republic Railway and Light Company
has sold 10 a local banking house S,VpWO
secured per cent gold notes Of an author
lied issue of 10000. or the present Issue
Sl,510 900 will be used to acquire securities
OF other companies. including those OF the
Pennsylvania Power Company
sT'B-TREASURY TRANSFERS. - The
Sub-Treasury transferred 10000 TO New
Orleans yesterday for the account or local
banks making total transfers TO that point
I'm the week s.. $1,000. The banks also trans
ferred last week 81 10000 TO San Francisco.
MEXICAN PETROLEUM COMPANY
Rover GriswOld a Co. have Issued cir
grlar on Mexican Petroleum Company the
stock of which has just been listed on the
New York Stock Exchange.
COTTON EXCHANGE MEMBERSHIP
sOI,D-Thc Cotton Exchange membership
r. q T. Uuppcustedt has been sold TO y
/. CARPENTER for $3.50, the same as uIe
last preceding price.