davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
THE MARKETS

The staple commercial products were
weak yesterday. especially wheat, which
was poorly supported and freely offered.
The declining tendency in wheat was due
partly to slightly better crop reports, fine
weather West and dlscouraging cables.
Corn was inactive, with an occasional UNI
dertone of weakness. owing mainly to bet
ter weather West. Provisions were lower.
Hogs were off cents In Chicago.
Conditions were more normal on the cot
ton market Yesterday. Certain former bull
interests attempted to smash the market
again, so that they could recover their own
lines, but failed Trading was active at
the start, when prices showed decline OF
or ) points. Prices slowly rallied in the
later trading TO 8 and points over the
closing quotations Of the day before.
Trading was quiet during the afternoon,
with the market showing a much better
undertone. The elimination of the recently
heavy long interest afforded healthy re-
lief
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03

pROyIsIONS-Easier at tho start, under
calling owing TO the rather bearish showing
~ The monthly stocks on the decline there
vas fairly active buying, and late in the day
the market was steadier with better demand
from packers. TORK.Firm; mess $2o 20 q
n 500 % BEEF-Mess s1idSi4 80; family,
slsMsis 30; packet. $40 5oqSl7: extra India
mess SOC 20. BEEF HAMS. $40 80 q $50 90.
DRESSED HoGS-Easy; bacons, io% q loSc:
nian 1IHc CUT MEATS-Pickled bellies
arm il4i2c; picked hams steady, In "
IeiIc TALI.OW-F'irm; special. 10; city
81 :. country 81 nc. LARD-Easy; middle
west. 10 500 1O.e5c; city quiet. l0lsc; refined
barely steady; South America, l2.25c; Cont.
Dant 1I55c; Brazil, kegs i3.25c; compound
arm' 8aSSc. sTEARINE-strons; oieo. lie;
o', WuFgT y'ai -coPPER-Standard weak: spot.
NAV June and July 15,40G i5.G0c: August.
IL 70 n i55IlLc; September, 1550d 1891 "a c;
ioudon 1uet; spot. $50 II Cd futures, 40 20
~. srrivais. go tons; exports OF so tons so
far this month. lake copper. i9h aishc:
incoi sales. 80 tons September at 15.55c. 80 at
is5ahc TfN-Weaki spot. ASS n acc; MAY;
AZ "a as zoe: June. IS 80 q i545c; July. 4i.s0
~ a. zoe; August iL50Q ~ soc; september. ~
~ IL IOc. London weak; spot. f9lo los: futures.
faoG los; local sales included tons May az
a. Thc. : Msy at 45I0c, az 45.6oiac, July
40 "A Doc Z August at assoc, 20 July at ~ l5c
and so August at 4i5oc. LEAD-steady
sIoa 4.2oc New York; aa4ioc East 81 Louis
Ecw Yors. 6.85 d6.T5c East st Louis; London.
toa1Ss. IRoN-cleveland warrants. 5is u d IN
Iopdon; locally steady; No foundry North.
ern No 1 southern and soft, SIS S54Sl5 io'
No . foundry Northern, sl59S15 so.
COTTONsEED OIL-only moderately active
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
OTHER LIVESTOCK MARKETS.

Chicago MAY c.--cATrLE-Reesipts. s.ooo,
beeves strong; cows and heifers STEADY 20 10. ~,
Western pes IS 7Sass 1o .tocHers and
ass So COWS and heifers. 3? S5asI ~ one ioea
Of jersey dis.illins hsiters soS at IS 10 Ts9 o,
iower; iis6t' Nasss7 sS mixed. 81 soasr 1sh
heavy, 81 soas7 rs; rough. 81 sogs7 Is; Iss, !;
So sGS Of saas. 81 ssg a. 10
native. s5ass; Western. s. t5aSs %; yssrlinsS
So Joass rs; lambs native. IS 15as9 30; WESTERN
Kansas city, May c-cATrLE-Rscetpts, a.
600. Including 200 southerns; steady to shade
higher; calves, 25c higher; dressed beef and eaS
& ' 50; Westsrn, Sc 2sass IS: stoekeIs and iced
ere sss5 IL cunsTn sSs sc g. ss S.s.r.
ToGs~Recsipts. 1000; steady to loe lower:
packers and butchers, 81 ssas7 20: lights. s1as
iI.ooS: STEADY 70 1oc lower; lambs. ssasio IS;
yearlinzs. s7ass 80; *ethers, ssgs7 so ewes.
So 5o9s7; stoclsers and feeders. Sass; Texas
Eas. Buffalo. May 2-cArrLE-Firn, vIALs
Receipts, 400; active and steady; AS9se 90:
HoGs-RsceIpts. 900; SLOW and isa2ee ,ssw
piss, Sc eoas7; roush., SIas7 O6; stas., S5ass;
dairies, 81 5odss. SHEEP AND LAMBs--Re-
ceipts. 1000; s.ssdy; sheep active; lambs Slows
Cincinnati. May 2.-cATTLp-Recelpts 47T;
slow and 1o115c lower: steers. - 15dss; heifsrs.
S4IS7 65: cows, 81 2bgs6 %; calves slow snd ~
f50c lower; s3ass. HOGS-Receipts, 3cs6; slow
and IOa15c lower; packers. 81 6ods7 IS; common
sovs sIas7 10: pigs and lights, s5as7 80; stass.
Sass 75 SHEEP--Receipts, 315, steady AZ
Sc 1895 50; lambs steady; ssass 25; spring
lambs. tsdS12 SO.
[By Telegraph to The Tribune.I
ST, Louis, May 2.-cATTIE-Reeeipts, c.Taa:
steers steady all others 10o lower, but active
steers. IS 250Ss S5 heifers IS 1odss; COWS. 50 20
Ts7 % Southern steers, - sod$S 10. HOGS
Receipts. 11.66I: moderately active ana 54loo
lower: choice. medium to heavy. 81 1881 s5
bulk OF sales 81 50dS7 IS; packers, 81 40dST 20
best lights, s7qS7 90: fair s6fs6 90: best pizs.
SsqsS so; fair little pigs. s5dS5 IS. sHE,EP--Te
cepts. e615. slow and 25c lower, clipped lambs.
$3.50 20; spring lambs. s1o9si2; clipped sheep.
s. 1887 25.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
IRON MOUNTAIN BONDS
S2OO.OOO,000 Issue-Part Will
Be for BettermentS.

Announcement was made yesterday that
the proposed issue of refunding bonds OF
the st. Louis. Iron Mountain & Southern
Railway Company, which has been ex-
pected for more than a month, would
amount to S2oO,OO00O. Details Of the inter-
est rate and the life Of the bonds have not
yet been definitely settled and are not re-
ferred to In the following statement, Issued
by President Bush after the directors meet
ing:
The directors of the st. Louis, Iron Noun
tain &c Southern Railway Company to-day
directed the calling of a special stockhold-
crs' meeting 10 authorize mortgage secur-
ing an issue OF s2O0,0000O0 of refunding
bonds, which bonds will be used TO refund.
retire or acquire outstanding obligations OIL
the company, ana for acquisitions, extern
sions additions, betterments and equipment
and the construction or acquisition of addi-
tional railroads or property. This mort
gage, together with the existing missouri
Pacific refundng mortgage will provide the
means for the financing needed by the Mis-
souri, Pacifc-Iron Mountain system. Inc
creation of the new Iron Mountain mort
gage, the terms of which are being worked
out in consultation with Speyer Co. Is IN
line with the policy of the management
announced some time ago.
1t is assumed that the proceeds OF gem
erous share OF the new bonds will be de-
voted to the work OF physical rehabilitation
OF the Missouri Pacific system, which Is
proceeding on a large scale under the SUI
peryision OF President Bush
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
BUSINESS TROUBLES.

The following bankruptcy petitions were
filed yesterday in the United States Court:
Joseph T. BRADY, TRACING as jrady
protbers NJ No ll9 West 10th street: invol-
untary. Liabilities are said 10 exceed 5000.
with assets OF $3.50
BENJAMIN BLOOM, OF NO. 20 East
business: voluntary. Liabilities Slo,ao and
LOUIS KoPELsOHN, formerly engaged
I'm the jewelry business az NO. az hiVlngton
street. voluntary. Liabilities 1875 and as
sets 1906.
SIGMUND ORNSTEIN. butcher, az no.
1879 First avenue: voluntary. Lapiiities
1854 and assets $2,94l
MERMAID KREEGER, manufacturer
of c,oaks anS suits ~ No iSs west 2oth
street. Liabilities. $1,000 o
DAVID and LOUIS MEGIboNshh Il, i9' :,
Brothers. at no 49, Chrystie street; voiun'
tary. liabilities $l2,2l9 and assets S,vO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
COPPER RANGE CONSOLIDATED

The Copper Range Consolidated Com
pany reports for the year ended December
81, 1911, gross proceeds OF A,G55.l27 against
s.. l0162S in 1910. and net proceeds OF S.o'5,-
IA, after adding 500 interest and deducting
mining costs. smelling. etc, S,4f7o9a, and
taxes of slC3,3I3. Total income, including
SjS.S3i from the Copper Range Railroad
was N,o9S.7o5, and the net income, after de-
Quoting $3.50 for general expenses and
S227294. representing half OF the profits OF
the Champion property, was sSa56o. Profits
from the several mines were: Baltic. $3.50.
2l4; Champion (one-hslr s227,29i. and Tri-
mountain. SsoS7o, n total OF tsl7s79, against
s., 2s9,1 sl for the year 1910
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
LIVESTOCK MARKET.

New York. May 3 1912.
BEEyES-Receipts. 10l cars. or ,3li headl
no trading: feeling steady. Dressed beef IN
fair demand at 11is al3hc. NO later caoies
CALyES-Reoeipts, 211 head; none Tor SAFE
on to-days market. Feeling steady at yestar.
days quotations. Dressed calves steady a. II
d i5c for city dressed veals and eh elSc Tor
country dressed.
SHEEP AND LAMBS-Receipts. % cars, Or
5.517 head; car on SALE Feeling steady. ovt
trade extremely limited. Dressed mutton
steady at I2h 316o per ID: dressed lsnibs .?
17G 19c: hog dressed, zoe; country dresses
hothouss lambs, s4QS7 per carcass
HOGS-Receipts, IL cars. or ,9e7 hsao Al
for sIaushterers Light to heavy hogs quotable
at ss6Ss 25. Country dressed hogs duist Nv
10 10c per Id. ~.,.
Sales GALL late yesterday)--J. q. Sussn 2
Son; state hogs; 2os ID syerassss s SsIS R
h. IS: rough, 24O ID, 81 %; 2. 2!5 10, ~
2. 2e5 ID; 81 10: 2. s40 ID. 81: g. 2iS H. *'oo'
Andrew Mullen: cs state hogs Ia ID, - 7si
10. l24 10, IS 10; roughs, s8s 10, "; -, .s.,
s. Judd K Co: 20 state hogs, $50 ID - -S'
20, 1917 ID, IS rs; 4 roughs. 8I2 ID, 81 70.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
FIXED RATES FORCED BY U. s.
Unfavorable Charges Across Panama
Threatened, It Is Said.

Washington. May 2.-R p. Schwerin. or
the Pacific Mail Steamship Company, told
the Senate Committee on 1nteroceanic
Canals to-day that the federal government
anxious to prevent the elimination OF new
steamship lines In the contest for California
freight for New York caused the Pacific
Mail the California-Atlantlc line and the
American Hawaiian line to agree TO main
tain fixed rates.
This was done. he declared. by the gov
eminent threatening TO fix unfavorable
rates across Panama. He said the govern
ment feared that competition would result
In the survival only OF the company sup
ported by railroad. tho Pacific Mall, ana
that tho charge would be made that the
government was IN league with the rail-
road.
Mr. schwerin added that he was ap-
preached recently by New York man
controlling a 100000 block Of traffic.
He asked me-" said Mr.. Schwerin'
what concessions ! had TO offer him.
told him none. lie asked II 7 expected him
70 give me- his business without some con-
cessions. He gave II 20 another company
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
EX-BANK HEAD ACCUSED
E. F. Galbreath Arrested for Mis-
application of Funds.

Cincinnati, May 2.-E. +. Galbreath, ex-
president Of the Second National Bank, OF
this city. was arrested here to-day by a
United States marshal on the charge of
misapplication of $4,000 O, the funds OF
the bank. The bank was recently discov-
cred to be in an embarrassed condition. and
is now being operated by members Of the
Cincinnati Clearing House Association,
with new set Of officers in control.
Galbreath was taken before United States
Commissioner Adler. lie pleaded not guilty
and waived examination. Bond was fixed
at $500
The arrest Of Galbreath came as n de-
velopment of the investigation Of the Sec
ond National Bank by r. w. Goodhart, a
federal bank examiner, several weeks ago.
Goodhart found that the entire surplus of
the institution was gone. and that the cap
ital stock would be eaten up in protecting
depostors
According TO financers familiar with the
affairs of the Second National Bank, one
OF the chief causes of its troubles was the
loaning of a sum. said to be nearly 100000,
on stock of the Ford.Johnson Company, q
furniture and chair making concern. which
had contracts for convict labor at many
state pententiaries. This security. 1t IS
said. deteriorated. particularly after the
company was thrown into the hands Of a
receiver. Just prior to the Clearing House
taking charge OF tho Second National the
bank was compelled TO charge off the
amount of the loan from It's surplus. Then
other paper was rejected and directors
were called on 10 take w other loans held
by the bank.
The Ford-Johnson paper also figured in
the embarrassment Of the Cincinnati Trust
Company. OF which George 3. Cox was
president. The trust company was taken
over by the Provident Savings Bank and
Trust Company several months ago.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
MAY INVOKE ELKINs ACT
Interstate Commerce Commission Il
Enforce TAP Line Decisions.

Washington, May Tariffs filed with the
Interstate Commerce Commission cancelling
allowances made By trunk lines with So
called tap lines" must be observed by
the trunk lines and shippers. or they will
face prosecution for criminal violation Of
the interstate commerce act and the Elkins
act.
Tie commission holds. IN effect. that no
court can enjoin a thing already done The
tariffs complained Of were filed with the
commission TO become effective at midnight.
April 30, the legal notice of thirty days
having been given. The commission had
exhausted its time limit of suspension of
the tariff-ten months-and they had TO go
into effect automatically.
1t is understood that orders soon may be
Issued by the commission dsmissing GER
tain OF the pending tap line" cases. on
these orders the matters In controversy
may be carried TO the Commerce Court, and
eventually to the United states Supreme
Court.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03

Egyptian. bag sa250s$ 90; yslloE; ioo.N
bag, 81 5oTS3 so; red. 81 j0Gs4; OKRA, car
rlsr. sIgsa 50; REfPBRs c IGn s2gs2 e. g, x
PARSNIPS. Dbl. 81 50aS3; PEAS, South
Carolina, large, basket. 81 2;ass IS; small,
sfmsi 70: North Carolina. large. basket, 81 Is
ds3 50 small, 81 2jgS2 so; PARSLEY, plain.
bb, s5a 80: curly, 81 50TS2 so: crate. 15cD
81 20: ROMANO, basket, 5oc@Sl %; Dbl, 81
Gs3; box 75c q 81 %; RHUBARB. 100 bunchs,.
Sass 30: RADISHES. basket. 59cms1; white.
Dbl, 7Jcas1 %; SHALLoTs. Dbl, sSqSt; 100
punches. $1ast so; SPINACH, Dbl. 81 2SQS2;
SQUASH white. box. 81 eD$t rs: basket. 50ef
75e; crooked neck, box $d@sl 30; basket. SOC
9$l; CUBAN, box. SEQ 81 2Ji TURNIPS, ruts-
baga, old bbi s1GS2; TOMATOES, fancy.
carrier. 81 50aS So %; choice. 81 1882 10:
common, slQs1 70; WATERcREss. 100
punches, s1qs1 80.
MILK AND CREAM-The exchange rate IL
SIC quart net TO the shipper in the 26c
zone, or 81 81 a +O-quart can delivered in New
York. This rate became effective May ].
There is n smaller surplus In the market than
usual at this season OF the year. This 10
credited TO the demand for manufacturing
purposes and the shortage in hay coupled
with small pasturage.
The receipts Of milk and cream in forty.
quart cans for the week ended Apr! ~ were
follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03

Spot quiet. with prices unchanged al tL4vC
for middilug upland: delivered on coh'Eact;
~ 400 bales Liverpool cables; spot good
demand; sales. 1000 bales; speculation ana
EXPORT 1000 American. ll.OOo' imports
ono. American 1000. Nddlins upland.
G2sd. Futures opened steady at to points
decline: closed steady. IA to points IoWe,
~ snd Nay.Junc 610iRd; juno July 6.l2d {;
InIy. August. O. I3d August september, Gil iad;
een,cmber. October sod. October November
q olisd: November December 8.O3d. Decent
ber.January G02tsd; January February
gO2isd: February March. 6O3d; March-ApriI,
COFTEE,--Weak cables from Europe and n
disappomtins statistical showing had de-
pressing influence, ana atter opehIns u" -
Their losses which carried values down 10
10 points from the previous close. Late In me
day n stesdier feeling prevailed, sellers Win
drew and the market closed steady at At, net =
unchanged to points lower; sales IS,.oo
bags Hnvre declined ia franc. Hamburg
was !, pfennis lower; Rio was closed ana
santos showed q decline OF 30 ros. spot quiet
and barely steady at lflac Tor RIo No T.
4 al contract prices.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
RECEIVERS FOR MOFFAT ROAD
Holding Company of the Line Is Also
in Trouble.

Denver. May Judge Harry G. Riddle,
Of the District Court, has appointed D. G..
Dodge and S. NJ. Perry receivers for the
Denver, Northwestern & Pacific Railway,
the Moffat road.
The receivers were appointed OH the ap-
plication OF the Denver Railway Securities
Company. the holding company Of the rail
road Then. upon request OF the executors
Of the estate Of David II. Moffat, the court
appointed receiver for the Denver Rail.
way Securities Company, and named ". ".
Watson.
The Denver Railway Securities Company
was unable TO pay principal and accrued
interest of $4,000 Of collateral trust notes
due at the Equitable Trust Company, in
New York City one-half interest IN the
securities company is owned by the estate
of y. II. Moffat, who Endorsed for the COM
pany for 100000. OF that amount $4,000
was paid of.
The Colorado-Utah Construction COM
pany. which has been the builder of the
Moftat road. issued IN 1919 100000 two
year notes. secured by deposit of $500 90
Denver. Northwestern & Pacific bonds, and
guaranteed principal and interest by the
paid at their maturity May /. 1911, and in
October the Denver Railway Securities
Company offered their holders iyH per cent
in cash and sIa per cent, or $4,000, in
its own 6 per cent collateral trust pur-
chase money notes, maturing May l. 1872
II is this latter issue of $4,000 notes
which is now in default
A recevership for the Mofst road has
not been unexpected. The construction has
been exceedingly costly, and the difficulty
Of obtaining funds TO proceed with the
work has been recognized for years. There
/, have been articles printed 10 show that Mr.
Moffats efforts 10 push the construction to
successful completion were blocked by the
money power" which was alleged 10 be
Jealous of the entrance OF a new line into
the field: but bankers have often denied
that there was any foundation for these
charges. saying that the reason why sup
port was not given more liberaly to the
project vss that the practicablity of the
| enterprise was open TO much doubt
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
NEW YORK STATE RAILWAYS
Meeting Called to Increase Mortgage
from s9O0OO,OOO to s5O,OOO,OOO.

The stockholders OF the New York State
Railways Company will meet in Rochester
on May IA to vote upon the proposal OF tho
directors TO cancel the company's existing
mortgage authorizing the issuance OF So
COO.O0o per cent bonds and create in its
place one authorizing a total issue OF So
10000 bearing not more than 4a per cent
interest. None OF the bonds which are to
be retired are IN the hands OF the public
and only si,5oo,oo0 have ever been issued
these being in the hands OF trustees. It IL
the intention OF the company TO apply to
the Public Service Commission for approval
of an issue OF the new bonds somewhat in
excess Of the amount necessary to refund
the a,5C9,00o. which have been issued. for
the purpose Of paying for certain stock OF
the Syracuse Rapid Transit Company. The
New York state Railways Company Is con-
trolled by the New York Central.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
PENNSYLVANIA STEEL COMPANY

The PENNSYLVANIA steel Company reports
for the year ended December 81 last total
earnings Of So979 ssl. a decrease Of tl.Oio.-
33f from the figures OF the preceding year,
and net income OF 81, 2ss.esl. after deduction
Of ssOlS74 for the sinking fund and l,o9i .j06
charges. Deductins from the net income.
which was 81. 039.2os smaller than IN l90o. tine
dividends paid. amounting to sl.,Ss?55. a
defct was shown OF sl52.@7j against a sur
plus OF ,9l3.s4 for the year 1910. and the al
lovance for depreciation. sS7,e6i, increased
the deficit to sJa Sc. adjustments OF No.7T
bringing the amount TO 5000. Total proht
and loss surplus was si7i017.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
ITEMS OF THE STREET.

These dividends were declared yesterday:
Federal Light and Traction Company. reg
ular quarterly ~ per cent on the preferred,
payable June /; Butterick Company, regu-
lar quarterly g. per cent payable juno !,
Massachusetts, Gas Company. regular semi
annual per cent on the preferred. payable
June l. and Mobile Electric Company. quar-
terly Ia per cent on the preferred, payable
MAY IL.
Howard Bayne, vice-president Of the CO.
lumbia Trust Company, has been elected a
director Of the Federal Light and Traction
Company.
Application has been made 10 the New
York Stock Exchange to list $4,000 first
and refunding mortgage per cent bonds
Of the Pacific Power and Light Company.
The price 81 refined petroleum has been
advanced Is points 10 $50 cents a gallon IN
barrels and > cents in bulk.
Charles Steel formerly general manager
Of the Great Western Railway Company OF
England. has been elected director of the
International P-A-Y-E Tramcar Company;
Sir Francis Lowe, ". T.. has been elected
president. and l.. Charles lIuppert vice
president aud managing director.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
EXPORTS
CASH QUOTATIONS.
GENERAL MARKET REPORT.

New York, May >, lolI.
AIN-WHEAr--Priccs declined Z N q c
early. under liquidation due 10 the Kansas
state report. which made the condition ST.
per cent on an acreage OF $685.. 900 and an
Indicated Yield OF o3, 900 600 bushels. compared
With 81, 70i, G33 last year. Foreign news was
h. arish, prices being lower under heavy sell
Ing. owing To increased pressure from both
Argentina aud India, and Influenced by
rroomhalls estimate OF i.s0ooO0 bushels Tor
ASentine shipments. compared with 5000
last year. Commission houses bought on the
decline. and the market resained about hait
tho loss helped By an estimate by b. w.
SNOW, placing the condition Of the crop az
75.9. and tho indicated yield at 35s;0oo 900
bushels OF winter wheat. Late In the DAY
prices were again heavy, and AT the close
Values we're net unchanged 10 Sc lower: No
. red wheat here. 81 20 elevator. export basis,
10 arrive. and 81 22',, % anoat: NO North =
ern Duluth. 81 2tr. Z o b afoat opening nsv'-
g. lion. CORN--Steady carly, but late In the
session prices were easier, closing at net
decline u IA 1sc. FOREIGN markets we're WEI,
lower. Export corn quoted sBiac, nominal,
afoat. OATS-Only moderately active
but after holding steady early sagged on late.
Cash oats sssy Standard white. 81 iac in
elevator: No .. G?iae, 80 3. sc; 10 :, slh Q
G2c; natural white and white clipped Ga
06c on track RYE---Steady: No ?, poe nom
inal Buffalo. BARLEY-Steady, malt
irr 81 ojfSI IS I Buffalo
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
ALLIs. CHALMERS EXTENSION
REORGANIZATION Committee Fixes June
as Time Limit for Deposit of Securities.

The time in which the bonds and stocks
OF the Alis- Chalmers Company may be de-
posted under the reorganization plan was
extended 10 June at meeting OF the re-
organization committee Yesterday. 1t was
stated after the meeting that UP TO the
present time over 81 per cent OF the bonds
had been deposited under the terms OF the
reorganization and more than two-thlrds Of
both classes OF stock. The reorganization
Of the company. therefore. was assured. II
was said in accordance with the plan
which has been announced.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03

creased allotments TO concerns which have
greatly increased production and the end
may not be satisfactory to high prices. At
present prices are higher than American
steel prices. The German agreement In
rails. the structural steel and half rolled
steel has been extended, which will prevent
price war in these branches, but conf
dence In complete harmony does not seem
10 be very strong and a war may come
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-05-03
PACIFIC GAS AND ELECTRIC.

The gross revenue OF the Pacific Gas and
Electric Company for the year ended De-
oember 81. 1911. was St,oLeoa. an increase
81 SOS. 3sl over tho preceding year: OK
penditures for maintenance, operation.
taxes and reserves we're S.2lt0n, A do
crease OF IlSo3i. and net earnings were
Ss2eo.537. a gain OF n5i.Pl5. The balance Tor
the common stock, after payment OF IN
t~rest Oh bonds. dividends on the preferred
stock. sinking FUND and amortization
charges and various expenses. was S.6S, S'5.
A gain Of tl25.7si.