The Washington herald., 1914-03-13
WALL Street GOSSIP.

Regular dividend yesterday was de-
ciared on American Amalgamated COM
mon and preferred.
The Old Dominion Company Of Maine
declared quarterly dividend of 81 per
share. a reduction of Is cents from the
last declaration
Pittsburgh Plate Glass Company de-
clared the regular quarterly dividend of
"a per cent on the common and the
regular annual dividend Of Il per cent
or the preferred stocks
Hedley Gold Mining Company has de-
clared the regular quarterly dividend Of
3 per cent and per cent extra.
American Type Founders Company has
declared the regular quarterly dividend
Of "a per cent on the preferred and
l per cent on the common stocks.
American Locomotive has declared the
regular quarterly dividend Of i 81 per
cent on the preferred stock.
United Shoe Machinery Corporation de-
clared the regular quarterly dividend OF
l-2 per cent on the preferred stock and
. per cent on the common stock.
Maine Central has declared the regular
quarterly dividend Of I-2 per cent.
The s. S. Kresge Company has declared
the regular qaurtcrly dividend Of ! "a
per cent on the preferred stock.
Union Pacific has sent to all common
stockholders warrants to represent the
extra dividend composed Of cash and
Baltimore and Ohio stock.
The New York Public Service Com
pany authorizes the Erie road to issue
sl3 900 600 par value OF its three-year 5l-2
per cent collateral gold notes dated April
1. 1914. and payable April ]. 1917. New
commission further authorized the COM
pany TO issue 81. so, 900 par value 2 l-2 year
5l-s per cent notes dated October j. 1914
PAYABLE April !, 1917. These notes are
not to be sold at less than ss1-e per
cent OF par value and accrued interest
The statistical conditions Of the Copper
and Steel trades, as shown by the latest
Developments are regarded as highly en-
couraging in conservative quarters.
Inquiries in many quarters Of the Street.
made by trained observers, indicate that
there need be no apprehension over in
vestment liquidation II Is declared that
none Is pending. and that even interven-
ticn in Mexico would not bring IL. The
tendency in Washington to modify the
trust law proposals is doing much toI
revive courage among investors.
William II. Lee. president Of Merchants
Laclede Bank. st. Louis. has been elected
a director Of the St. Louis. Iron Mountain
and Southern Railway. succeeding o. l.
Garrison, resigned. Other directors were
reelected. Missouri Pacific directors were
reelected.
For the fiscal year 1918, the Underwood
Typewriter Company showed net earnings
of 81, l,SG079. a decrease Of s10o.ie7 from
the earnings in 1872 as compared with an
increase of 1901 in that year over 1911. |
However. 1919 was considered a successful
year. as the sales OF machines were the |
largest in the conpany's history, and
the output of the factory reached the |
normal capacity without putting the
working force on extra time.
NJ. L. Carpenter & Co.-The cotton mar |
ket was featureless and one of the dulfest |
in recent months until after p. m. Geran
bought l5p00 to 1900 on the advance, |
thought to be for Springs & Co.. some say |
for Leroy Springs, who is in town. Mitch |
el! Dick Brothers, Cone Schill, and Nc |
Fadden were large buyers. Offerings !
were light and scattered until May |
81. Sentiment has not changed |
and the advance is regarded |
as largely technical. but II must be .ad- |
nitted that should a demand for May |
develop in any volume that month might |
advance sharply and come up closer to |
as the whole world seems to have |
done its hedge selling in New York May. |