The Washington herald., 1914-05-01
WALL STREET GOSSIP.

Southern Pacific's March net decrease
is &i0s.s7. Decrease for nine months.
81, ,s43, 49s.
Delaware and Lackawanna Coal Com
pany declared special dividend cash 10
per cent, payable May Is to stock OF
record May ).
Pure Oil Company declared regular
quarterly dividend of 5 per cent. payable
June to stock OF record May Is.
Directors Of Greene Cananea Copper
Company issued this statement:
THE meeting OF the board of directors
of Greene Cananea Copper Company
scheduled for today was adjourned one
week. II is expected that definite action
at that time will be taken upon question
Of paying regular dividend. Finances Of
company are ample to justify paying
dividend, and therefore il will depend
largely upon development OF Mexican
situation and prospects Of resumption OF
work at Cananea as to what action will
be taken"
Astor executors have made accounting
for distribution of .S24. 4.7l5,57s, Of which
S9 go, ,l03 was in bequests. Costs of ad-
ministration and transfer tax was 50, 005,
$50 Principal stock holdings were 4O, 600
New York Central, 1000 Illinois Central,
Sl6o Pullman Company. and 6.22s New
Haven. Property transferred to bene-
fciaries in payment OF legacies has
shrunk $685. in value.
New York Central and Hudson River
has filed with County Clerk at Troy. n.
Y, its blanket refunding and improve
ment mortgage. This mortgage covers
so-called consolidated mortgage bonds
under date Of June 20. 1873 Bonds to be
issued under this mortgage may not ex-
coed s5OOOJO.O0O and are to cover every
obligation.
The Standard Sanitary Manufac turing
Company has declared quarterly dividends
Of 81 per cent on the preferred, and
! l-2 on the common stock. payable to
shareholders Of record of April 3. Checks
have been mailed.
The Liggett & Myers Tobacco Com
pany has filed a certificate increasing the
authorized capital of the company from
sS6. $50. 200 to S44,2 ,2J6. 200. The increase is
made by the issue of 1856, 100 preferred
stock.
A charter has been granted the Noble
NOHlpdhSE sl.oIV.vpO 10
fine metals. Incorporators are Z. ]. For
ham, F. B. Rnowlton, and S. V. Dow
ling, New York.
Almost all the damage claims arising
from flooding of funds by the dam of the
Chattanooga and Tennessee River Power
Company. the Brady hydroeIectric plant
on the Tennessee River near Chatta-
nooga, have been settled out of court.
Ir
rendered against the company and three
cases remain to be tried. The case in
which the S17s,OOO verdict was rendered
will be appealed by the company.
Speyer & Co. have brought suit against
the Banco Nacional. of Mexico, to re-
cover SIS, ,56s~on a draft made by the
Banco Nacional on Maitland, Coppell &
Co. and remitted to Speyer & Co, for
the purpose of meeting interest on
certain bonds. Payment of the draft was
stopped by telegraphic advices from Mex
leo. Speyer & Co. have secured from |
Supreme Court Justice Davis an attach
ment against the banks property in this |
State.
A foreclosure bill under the general lien
mortgage of the st. Louis and San Fran
cisco Railroad Company can be filed at |
once in the opinion of a corporation
lawyer in close touch with Frisco af-
fairs. He said: The mere existence of |
a receivership establishes a technical de-
fault and bill for foreclosure might |
have been died six months after the ap-
pointment Of receivers or last Decem- |
ber.''
foreclosure bill has been ready for
filing for some months. Whether such |
a bill shall be filed In the near future |
has not been determined, but general
lien bond-holders have the matter under |
active consideration.
1t is feared in financial circles that the |
suit OF the government against the East |
man kodak Company for dissolution un-
der the Sherman antitrust law will re- |
suit In protracted and expensive liti- |
cation The testimony given before |
Justice John r, Hazel in United States |
District Court indicated that II will be |
one of the most bitterly contested cases
that has been brought Up under the sher-
man act Next week the case win be- :