The Washington herald., 1914-05-27
WALL STREET GOSSIP.

! Central Leather yesterday declared reg
uiar quarterly dividend Of - on pre-
ferred
Mackay Companies have declared the
regular quarterly dividends Of / per cent
on the preferred, and / II per cent on
the common stock
Brooklyn Rapid Transit Company has
declared the regular quarterly dividend of
1-2 per cent.
Subscribers to the s1s. 100000 new Great
Northern stock are notified that subscrip-
ton receipts In respect to the above issue
are ready for delivery at the company's q
ONCE.
After the meeting of the bondholders'
committee. of the Chicago. Rock Island
and Pacific Railway Company yesterday
q member Of the committee announced
that no agreepent had been reached with
regard to the acceptance OF the plan
which has been submitted to It by the
stockholders committee.
President Truesdale. Of the Lacka-
wanna, with department executives of
the road, has been on a tour of inspec-
ton He told the people of Syracuse
that. IL the company's plan Is approved.
Its tracks In that city will be elevated
and a new passenger station built
President Ripley, Of the Santa Fe. de-
clares that retrenchment on American
railroads has reached a point endan-
gering the physical condition Of the prop
critics and II continued another twelve
months at the same ratio II will be
highly dangerous to the Santa Fe as
well as to other lines.
The sale Of 1.o00 tons Of foundry pig
iron reported In the Pittsburgh district
Saturday caused more than ordinary in
terest In blast furnace circles. because
1t was stated that the price was fully
50 cents below the market quotation. in
dicating that foundry iron has been
growing more stagnant each wek. The
buyer In this case was a Pittsburgh con-
sumer and the tonnage Is for delivery
during July and August. Upon the as
sumption that the prevailing market for
foundry iron is s14 Valley. the latest
sale is around s13.5o Valley. This is the
lowest price for foundry iron this year.
James w. Elwell & Co.. New York man.
ayers OF the Philadelphia and New Or
leans Transportation Company, an
nounce that this company in all llkeli-
hood would establish a weekly service
between New Orleans and Philadelphia
before July I. It is explained that the
merchants of both Philadelphia and New
Orleans had guaranteed the new concern
their business and that as a result, the
weekly service would soon begin.
The $500 900 Consolidated Gas three,
months notes. which mature May IS, will
be taken up at maturity and new FIVE
months notes s-will be sold in their place.
The 5000. oco six-months notes which ma
ture August . will be taken care of by
part of the proceeds of the convertible
debentures. provided Public Service Com
mission approval is obtained by that
date.
New equipment orders include forty To-
comotives for the Chicago and North
western with the American Locomotive
Company and the confirmation Of the
Chicago and Northwestern orders for 5000
box cars with the American Car and
Foundry Company. The Missouri and
North Arkansas bought one gas electric
car from the General Electric Company
The Seaboard Air Line Is in the mar
ket for 400 box cars and forty-two coaches
and combination cars and the Chicago
and Northwestern will buy so ballast
cars. In addition to its order of 800
freight cars announced two weeks ago
the Havana Central has put out an ad-
ditional inquiry for $50 nat cars.