The Washington herald., 1914-06-18
MEXICAN news
CAUSESLOSSES
Prices Again Fall on Niagara
Reports and Generally I'm
favorable Conditions.
SCOTT RECEIVES NOTICE
Continental Trust Official Made Re
ceiver-S. A l. Certificates Are
Taken in New York.
SCOTT RECEIVES NOTICE
BY w. sTEALEY.

lle,o0e shares. prices again went on in
the New York Stock Exchange yesterday.
On, unfavorable Mexican news Mexican
Petroleum loet 1-2 points Western
Reading, Union and Copper closed lower
than Tuesday.
Leading issues showed a firm tone in
the initial trading. with Reading. Anal
gamated and Union making trifiing gains
and Canadian moving up "a.
More Importance, however, was at
tached to a display of weakness in rev.
eral stocks. Western Union attracting the
most attention. This weakness is supposed
to be in connection with the termination OF
the syndicate on June "a which was or
ganized for the purpose of underwriting
SO, ,00o, ,00 stock disposed of by the A. T.
& T. Co. The syndicate had TO take
about one-half the amount underwritten.
However, 1t may be extended for three
months. .-a5r
Local Stock Market.
Trading on the Washington Stock Ex-
change yesterday was confined practi-
cally to Potomac Electric Consolidated
5s. Seven. 1000 SIS were sold at - Ia
and one $1,000 s at se5-s.
In the stock list six shares of WASH
ington as sold at IS and six shares Of
MergenthaIer at IA .--.
o.
% Ia asked; for Railway preferred SC IS
bid, S1-4 asked; for Railway common
S. bid. 80 asked.
Scott Notified ny Court.
Guy c. Scott. of the Continental Trust
Company. who, with T. H. bucket, mas
been made receiver of the Washington
Interurban Railway Company, yesterday
received his court order.
was made by the Railway Storage Bat
terry Company, which claimed to be the
holder of a promisory note indorsed by
the Washington Springs Grett Railway
Company. which was the name Of the
defendant company at that time. The
aote was for SIS, ,957, and was alleged to
have been made by the ]. Drummer Com
pany, of Brussels, Belgium. and payable
July !, 1913, with per cent interest
The defendant company confessed
Judgment for sls.35e and also consented
TO the receiyership. The assets Of the
company, IL is said, win at q fair valua-
lion, exceed the liabilities. The order. |
whicflS flxes the bond at 1900 for the re-
ceivers. requires such persons as may be !
interested TO appear at the hearing, |
which will be held June %. at which |
appointment should be made permanent |
or whether the order shall be annulled, !
modified or reopened. |
The directors of the company are G. |
L. Baker. Charles A Douglas, r. r. |
Sigsbee, T. II. Duckett, w. r. Bruin, A. |
E. L Leckie, and S. S. Yoder.
8. 4. l.. Certificates Sold.
The s1.440e0O of per cent equipment
Line Railway, for which application to |
issue is to be made before the Railroad
Commission Of Georgia on June "a next,
have been purchased. subject to such ap-
proval. by Harris, Forbes & Co., of New
York.
Bids were asked by the company for
the equipments, and the bankers men,
toned above were the highest bidders for
the issue. They have already been sold
the commission. and for delivery July !.
The price at which they were placed was
on an average yield basis of between As
and 4eo per cent The company is one
of the few railroads that has made in
creases in both gross and net earnings
during the current fiscal year to date.
The last statement of earnings was that
for April, indicating gains Of $4,000 in
gross and about $500 in net, as COM
pared with the corresponding month q
year ago. while for the ten months ended
April 30 there was gain in the former
of almost $4,000 and ss5l .oos in the
latter.
Drown on Georgia Crop.
Herbert H. Brown manager for n. L {
Carpenter & Co., wires his firm from
Atlanta as follows:
THE more 1 see of the crop and con- !
litons in this State, the more convinced
am that Georgia will do her part to- /
wards raising her portion OF an adequate
Yield to satisfy the worlds needs of a !
arge crop this year. 1 have never seen $
he fields cleaner or in better state of !
cultivation, the plant is healthy and has /
lone its part by putting moisture below I
Turing the dry May. giving 1t a good tap /,
DOT. the real foundation for its health ,
illness later on, recent rains starting II \
IN its upward march for its fruitage | \
4 1t were not for the late crop In some
ections 1 would say il would more near
y approach the summer of 1911, our
'umper crop than any year which has
proceeded il, II must be remembered
however, that 1t is important that Geor-
ia should raise bumper crop, as well n
S the balance of the Eastern belt SO as 4
o overcome the shortage So generally a
in the West The world l
leeds more than 100000 from this new q
rop. and while it is possible, II is highly
owing TO the unfayora HE | g