The Washington herald., 1914-05-10
MARKET CLOSES
With NET GAINS
Missouri Pacific Only Weak
Feature on New York
Stock Exchange.
THE E. & O.'S FINANCES
Directors Believe Dividend Will Not
Be Passed-Pennsylvania's
New Airbrake.
THE c. & O.'S FINANCES
By w. STEALEY.

Slight gains in leading issues were made
In the New York Stock Exchange yester-
day.
Missouri Pacifc's failure at financing
was the weak spot in the list. the stock
reaching Is "a, but closing IL IA. only a
traction under Fridays price.
The recovery was due to reports that
other banking interests would be able
to assist the company when its notes
are due. 1t also is figured that as the
earnings are at least per cent on the
stock. and the property is in good ply
steal condition and capable of handling
the bumper wheat crop predicted; the
stock should not be put in the Rock
Island and Wabash class.
With the exception of Pennsylvania,
which closed at ITO IA, the market show
ed good strength regardless of generally
unfavorable news.
Steel gained a quarter, closing at IS rs.
Copper closed II SIS, Reading l64 "a.
Union 154 SIS, Baltimore and Ohio 80 L.
Chesapeake and Ohio 30 L., and Canadian
Pacific 100 "a.
The bank statement, appearing in an
pther column, was much better than ex-
pected.
Local stock Market.
Prices were firm, but there was scant
trading on the Washington Stock Ex-
change yesterday.
One hundred and six shares of Railway
preferred sold at 81 and fifty shares of
Washington Gas at - 1-2
Eight shares of Federal National Bank
Etock brought 49,
One $1,000 Traction 5 sold 1O7 S. and
me Railway at 81.
For Traction stock 100 was bid and for
Railway common, IS 1-2
Dividend of c. q o. r.. r.
Three directors of Chesapeake and Ohio
Gay that they see no reason why the
egular quarterly dividend of ! per cent
ihould not be declared at the next meet
ng of the board of directors scheduled
or May p. The weakness in the stock |
las been accompanied by repeated reports |
II a dividend reduction and much of the |
'elling IS said to have been for foreign |
.Ccount.
Chesapeake and Ohio will earn about |
per cent upon stock for the fiscal year |
nding June 30 next. Current earnings |
make favorable comparison with those of
asst year and net earnings will also show
satisfactory increase. If the per cent
ate increase should be granted it would
mean about $4,000 to the road.
During the coming year West Virginia
VIII pay from wOrkmen's compensation
und benefits amounting TO 200 a month !
widows and orphans created by the |
Iccles mine disaster. Each of the eighty |
i've widows will receive $50 month, with |
additional per month for each child |
nder fifteen years of age. The State also |
vii pay funeral expenses of men killed |
n the disaster. thirty-two of whom We're |
married foreigners.
1t is probable that the PENNSYLVANIA |
Railroad will adopt the new airbrake
IF tpht bot
,oing on, and which have surpassed ex-
rotations. 1t is possible to stop train
# twelve steel passenger cars and loco
motive within COO feet or the length of |
he train, when running at a speed of
ixty miles an hour by the use of the new
Ievice.
With an emergency application of the
iigh-speed brakes now in general use
uch a train could not be stopped within
distance of less than 1900 feet, and
Under some circumstances within $500
Get.
The growth of Porto Rico's commerce
las been rapid since 1900. when free
rade with the United States was estab-
ished. Il has risen from s17,5OO,0OO to
100000, most of this trade being with
ne United States.
These figures place this one small island
lhead of the whole Philippine archi-
teldRO, ana eleventh on the nSt OF all |
oreign governments or noncontiguous
erritories having trade with this coun-
ry. Internal development, as shown by
property valuation, increased SIS, 900, 900 in
he seven years preceding 1912.
Little credence is placed in the report
hat the organization committee is unduly
fastening the organization of the sew
nal reserve districts in order to fore
rail- a review Of the Federal Board.
The board possesses the right of review,
10 matter what the committee may have
accomplished. 1t is believed, however
hat the board will approve every step
AIKEN by the committee.
The New York Stock Market, Cotton
Market and the New Orleans Cotton
darket, will not open until II o'clock
omorrow instead of 10 o'clock. in honor
marines and sailors who were killed
Il Vera Cruz.
OUTSIDE SECURITY NOTES.
New York NAV a-Standard Oil securities de-