davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
THE CURB MARKET.

There was general Improvement IN the
curb trading yesterday. with Standard OIL
stocks displaying particularly large ad-
vances on Increased activity. Tobacco
stocks were irregular United Cigar Stores
sold ex the IN per cent dividend At
sSh and %. Tho preferred stock WAS
steady at ll+ts. British-Ames.can To-
baoco. old. was Y nrmer at 2sA. and
tho new stock rose y to 23h. Kelly
Springfield Tire shares were strong the
common advancing I point to so and tho
preferred points to $50. Canadian Pa
ciiic per cent notes were higher. SELL
ing between loS and loSss.
Mining shares were firm and active In
spots. British Columbia Copper rose u
point to 4: Braden Copper sold between
~, and ~ Greene-C ananea moved up
u TO 39ax. and Nipissing Mines improved
y 20 rs.
Many features OF strength developed
in the Standard Oil Trading. among them
being Standard OH of Kentucky, which
ranged between 232 and $50. closing Mt an
advance OF 10 points. STANDARD oil of
Indiana sold up to bli. with a subsequent
reaction TO sos. the close showing All ad-
vance Of /? points South Penn OIL rose
is points to 34s. and Prairie oil and Gas
improved 10 points to &s&. Atlantic Re-
fining fuctuated between sos and $50,
closing AT $50. UP 5 points STANDARD Oil
of New Jersey advanced . points to &23 !:
STANDARD oil OF New York was points
higher at ls5. and Standard oil OF Ohio
was points higher at ISL.
Transactions In detail In the market
Yesterday were as follows
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
Last Refuge Of the shorts.

II Was entirely natural that Canadian
Pacific should reflect the decisive change
in financial conditions abroad more
quickly and forcbly than any other stock
here. Cheap money on the other side
was the single requisite TO complete the
most elaborate stage setting for "A rise
in Canadian. Chronically weak for many
weeks and dead" when the rest OF the
list moved up In lively fashion, the re-
cent market for q. I. Il has been just
tho sort calculated TO encourage short
sales. Moreover professional sentiment
everywhere has been intensely bearish on
the stock because OF criticism OF the fin
ancial programme recently announced. be-
cause of general conditions In Canada
and because current earnings make poor
comparison with 1918. The chart read
crs have asserted vehemently that Cana
dian should be selling At least 20 or 80
points lower. The only detail left out OF
these calculations apparently was the in
fiuence OF cheap money on the minds of
foreign capitalists who were forced to let
go OF their holdings during the period of
severe strain last year and with whom
Canadian Pacific has not lost its old time
popularity.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
GOSSIP OF WALL STREET.
New Element Of Strength.

The fact that the recent rise has been
conducted in orderly fashion throughout
and that there has been no evidence Of
wild speculation on the long side must
not be overlooked in consideration of the
possible reasons for the early resumption
OF the upward movement after a setback
or extremely moderate proportions But
apart from this new element OF
strength undoubtedly was injected into
the situation this week by the appear
apce of foreign buying of stocks on a
large scale. This additional support came
Just Mt the moment when the wave of
buying from home sources showed signs
OF slackening. II was perhaps doubly
impressive for that reason. At any rate
!he new factor upset the market calcula-
lions or the many Observers who looked
Tor somewhat larger reaction. II has
oeen said that London and the foreign
markets were ono month behind wall
street In the recovery. Apparently the
foreigners are just waking UP TO what
wall street has realized since the turn
OF the year. The foreign consumption Of
STOCKS has therefore come to be a bull
argument Of actual and potential value.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
Eries.

The inexhaustble quality of the specu-
lativ. spirit finds AN apt illustration in
the record of Erie common. This stock
has never paid dividend and has never
seemed likel. to within a reasonably short
time and yet during the past eighteen
years II has been Doomed" periodically
by spectators both here and on the other
side OF the Atlantic to what looks like
ridiculous figures. The immediate pos
sibili,y OF dividends has probably never
been the main factor. Erie common as
we'll as the other non-dvidend paying
railroad stocks always shares in market
movements when they get under way,
Spectators figure on obtaining the
equivalent of "A dividend return out OF
fluctuations. Fries are particularly
favored Oh the other side. where the
ordinary Spectator likes to place his
money on long shot Al the present
time Erie is selling at what some critics
term an outrageous price for "A non-divi-
dend paying stock. The fact Is over
looked that stock prices can never be
stationary they must always move up or
down The present speculation is said
to he on the chance OF increased freight
rates, which are going to do more for the
Eric than any other road perhaps on the
theory that II needs them most. There
don't seem TO be any illusions about
dividends for a considerable time yet. In
the old days Atchison had a somewhat
similar record and Ia now a respectable in
vestment issue. Perhaps criticism ought
TO bc reserved until the stock goes 10
nothing,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
CURB STOCKS. CLOSING PRICES
DAIRY PRODUCTS MARKET.

BUTTER. There was another slump of 2c
Yesterday and a further demorallzatio ION OF con.
,litIous Receivers did everything possible to
move stock, but there We're no buyers This
makes table butter oeisc. the lowest since last
June Grades under creameries are stasnan,
with prospect OF prices being lower Yester.
days slump made total OF lie from the
highest price on january Prices follow cream.
cry, extras. e6gaa'ac,; frsts, ?rsg35isc; seconds
2Sa:ic; held extras e5isu2s'sc,; hrsts. .,u
s5c; State dairy, finest, .5is -6c, good TO
prime aiu .5c. process extras. :3us&c,: hrsts
:in?sc ladies, current hrsts, :lc: packing
stock. current make, No ., is.glsc.; No. g.
lTuisc
CHEESE Market Arm. but no great amour,
OF ,radins because dealers feel that they will
make money by holding their best grades All
lines are Arm with an upward tendency. Prices
are; state, held, special, isglsnc: average
Daisies held. best. isc SKINS. held. specials
i3xaitLc.; held. choice, ugl2,c.; ekims
fresh good to choice, ioltilisc; poor to fair
EGGS. -whii@ there was no change in fresh
eggs. there WAS weaker feeling IN lower
grade retriGerators and foreign eggs Trade
WA slow yesterday. Large receipts are ex
peaed next week and II retailers get their
prices down consumption will be heavy. Thus
far ret alters have not responded promptly IN
reducing prices, PriGes follow Fresh gathered
extras, 3%lSJc extra trsts, S2,ta33c: frsts
si,,as2e seconds, sonsic,; Pennsylv anna and
nearby hennery whites. hne TO fancy, 3s@,Oc. ;
Pennsylvania and nearby hennery browns nc. !:
brown and mixed colors s2aS<c,; refrigerato or
hrsts, :s'su3oc seconds. asQe9c, lower grades,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
lnSestnent Buyinr,

The most healthy symptom Of the stool,
market yesterday was its breadth and
specincally the great strength Of the uss
OF standard investment shares. This has
Deen q very noticeable feature Of the
rise IN prices since the first OF the year
ana has done much to impress the OBJ
server with the substantial character Of
the advance This feature obviously car
ries With II the Implication that the sus.
tained buying movement has been due
TO rather larger proportion OF invest.
ment purchases than n usually seen.
The force OF investment buying Ia always
underestimated by the professional ele-
ment. which Is always inclined to Judge
market movements BY its own participa-
ton In them II is also generally over
looked that investment buying. generally
speaking. takes no account of day to day
technical market conditions. In other
words. the question of q few points In
the price does not vitality concern the in
weston once he has como 20 the con-
clusion that stocks are In the invest
ment areas and the safety OF his income
yield Is secure That may be why the
professional element has been 80 badly
fooled on The subject OF q reaction. In
any upward monument the relative pro-
portions OF investment buying. covering
OF short contracts and speculation on
the long SIDE have . direct bearing on
tho question of the time and extent Of the
reactions which are to occur.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31

sSre7c: European Eggs. fresh 80 dozen cases,
fair 10 prime. soSSoc refrigerator, fair To
good .4I.Tc
LIVE PouLTRY.-Market cleaning up fairly
well. with ouly cars unloaded YESTERDAY.
shippers are still hodu. 20 care on track un.
der limit. There was only fair demand for
Oh. rkens Pritcs were UNCHANGED except for
ducks where there was a slight advance Quo
tations follow: Chickens. nearby. l3iirir !;
fowls ~ lec old BOOSTERS, like: turkeys.
lsc Western and southern ducNs. l7alsc.:
sees-, i5c.; guinea fowls pair. SIC piseons.
pair soc
DRESSED PoCLTRY.-Market quiet yes'er.
day with practically no change IN quotations.
Weather Was against good condition and con.
siderable stock was put into the coolers 10
bring back 10 is natural status stock
which IL DELAYED arrives IN of condition.
Chickens continue 10 be coarse and und.sira able.
Fowls that are heavy and well packed are In
Fresh turkeys scarce Ducks and geese
Elcred and squads sellins slowly: Quotations
are Turkeys Western dry picked, averass
best. .Sg.Io Western scaldcI fancy. sc Ohio
and Michigan, :bc. Texas average best, dry
picked ::'ac Philadelphia hrollers. Ia 20? lbs.
zach. SOC box packed Western fowls dozen
IN box 80 lbs and over lsc. under 80 lbs. tc.
Bsrrellcd stock, dry picked. : lbs each. l'c
he and Under, he. . scalded. i5Gl,c. old
roo-iers. l3C squads. prime white. 10 lbs 10
dozen. per dozen $50; lbs E sgsiy lbs.
8 .5p3S; dark, N1h Capons. PHI adelphia, az
10 lbs. va SOC, Ohio. :lg:tc: Western slips.
1880.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
MISCELLANEOUS MARKETS.
Coffee Closes slightly Lower. with
Light Trading.

Coffee closed ; TO points lower yes
terday for the active months on sales OF
but 10, $50 bags. Most OF the sales were
IN the May and March positions. but trad
ing throughout the day was featUrelcss
and the price range was narrow. The
foreign markets were Hat and cables were
disappointing.
All markets appeared TO he awaiting
definite information on the crop situa-
ton. Primary receipts were large and
cost and freight offers were lower.
The Havre market opened unchanged
TO !, franc higher and closed y to =.
franc lower. Hamburg started !. pfe.
lower and closed l, 10 /: pig. lower. lilo
No. was Is refs higher az $3.50. At
Santos No. 4 was 80 refs higher at $3.50,
while No. Z there was also 90 refs
higher At 1850. Rio and Santos re-
ceipts tota'led $1,000 bags, against H.
600 last year. Sac Paulo had $4,000,
against $4,000, and Jundiahy had $1,000.
against 1900.
New York and New Orleans warehouse
deliveries OF Brazilian coffee on Thurs
day totalled l6.s2s bags. and for the four,
days Of the week they amounted to ST.
$50 bags.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
sOCTMWEsTERN COAL AND IMPROVE
MENT COMPANY.
Etrat HnnAa

Sealed proposs.s WI De r-eeIved az the
Company. Nos ls-:2 william Street. New
York cay. for the sal. TO the Trustee In
accordance with the provisions Of the mort
gage Of the ist OF July. 1859. of a sufnelent
amount OF bonds to consum. si1s.oss As in
the sinking Fund at n price not exceeding
par and accrued interest. Income Tax on
such accrued interes; will be withheld In
case OF taxable persons. and ownership GER
tincates as prescribed by Income Tax Treas
ury Regulations will he required with cur
rent coupons The right IL reserved. how
ever. to reject any ana all bids
o clock " on the 3lst day Of January. 1914.
and should be directed as follows:
Proposals to sinking Fund Of the South
western Coal and improvement company
The Farmers Loan and Trust Company.
l6-.2 William street, New York CITY"
THE FARMERS LOAN AND TRUST
COMPANY. Trustee,
BY EDwIN MARSToS. President
New York JanuArv u. 1917
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
BUSINESS TROUBLES.

BURTON DRESS COMPANY. Schedules in
bankruptcy of the Burton Dress Company
manufacturer of dresses and costumes Al ~
Essi Thirty second street, show Liabilities Of
81 400 aud assets OF t.sSs.
CHARLES Fl.AX s0Ns.-schedules in bank
ruptcy OF Charles Flax 4 sons. manufar.
iurcrs OF leather goods AZ io2 Wooster street.
:, show Iissli,ss 81 81 .. ard assets OF sl2ie
III bankruptcy OF the b Line Furniture Com.
psny manufacturers of furniture at 81? East
Nineiy'hhh street, show Liabilities OF sSisl
STEIN RIOS -Schesiules in bankruptcy Of
stem Bros manufacturer Of suspenders a,
assets Of tSl,s4. One creditor is Vincent
~ A s,,is ~; Tor rent covp.xv s.,
bankruptcy Of the Cantwell Davis Company
importer OF fruits and produce at 81 Water
street, show liabilities OF sio7S3 and assets
SAMUEL DAVIS Schedule. in bankruptcy Of
samuel Davis dealer In gas ami electric hS:
cAssIMfR j. viEfu. who has resided at ,ss
ruptcy with liabilities OF sio. 80 and no assets
Part OF the debts we're contracted as a part
cH t j. !se NE E~ z. 81 ysa w.: cG . II .
has filed a petition in bankruptcy with LA
blltes of 'i@', contracted in 1873, and no
ARoS GREENBERG. salesman, of s7,. St,
Marks place has filed petition IN bank
Ea., ios.h Sir,, G.s ai:d 4 pe,i,ion IN bank
N ruhESS ND" nRRns %, , 49, am no assets
AZ Ni West Thirty-nI street. have made a
se,t Element with creditors 81 Is cents on the
dollar, payable l6 cents cash and 10 CENTS in
two notes AT six ana nine months indorsed
and Judge Mayer has dismissed tho petition
in bankruptcy fed on Decen her u.
GAETANO BTONOCORE Judge Mayer has
appointed William Bondy receiver for Gae
tsno Buonocore, who did business a. &
BuOnocore 3 Co. importer of Italian prod
ucts NJ 2sc Washington street, bond u. 500
With authority 10 carry on business for ave
dsys II was stated that the Sheriff Is in the
BrddMrsefs reports t3 business failures In
the United States during the week. aganst
A34 for the previous week and Bl. 3ls, go aud
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
FURTHERLIQUIDATION
OF COTTON HOLDINGS
reports From the South Of
slump in Spot Demand
stimulate Selling.
NEW Low LEVELS REACHED
Market Closes With a Net Loss
of ) TO 10 Points in
Active Positions.

Cotton showed renewed weakness yes
"-day under liquidation Of several sis
ave bull accounts. Prices declined TO
new low levels on the movement the &C.
,ve positions closing to IL points net
lower. The decline was accelerated by
~. uncovering OF stop loss orders - we'll
as selling for bear account.
Holders apparently lost all confidence
o. the Southern reports announcing a
slump In spot buying. Dispatches from
New Orleans said that higher grades OF
cotton were being offered more freely
than In weeks. Bearish week end figures
also contributed TO the gloomy sentiment
These showed spinners' takings for the
week TO be $4,000 bales. against $4,000
bales last week. Tho into sight move
ment Of $4,000 bales compared with
?ss,ooo bales last year.
IN 20 tho time OF Liverpoors closing
the market displayed an undertone OF
f--nness From an opening that was
practically unchanged prices worked up
20 : points on buying by Wall Street
hcuses and ring traders This demand
vas based largely on the belief that the
market was due to rally on technical
grounds. inasmuch as a great deal Of
weakly margined cotton had been elimi-
mated since the start Of the week.
Around nidsession traders acting for
xsv Orleans interests began to offer
substantial Hines This tended to give
the unfavorable spot reports addi-
t,onal weight and induced many Of the
early buyers TO dispose Of their holdings
Stop loss orders were reached when
prices moved few points below the pre-
cedine days fnals July bsoke through
Iic, from the high of 1915. and May
declined to within ) points Of the lee
mark The feature Of the late trading
Was the selling OF May by u broker who
usually acts for prominent Wall street
house Ring observers expressed the
opinion that this selling represented liaui-
dalton
AMOUNT OF cotton brought into sight in
NE last week. according to Cotton Ex-
change statistics. was 3s0.&49 bales.
against oss.SoO bales last year. SPIN
,ers' takings were 37s.eso balee. cont
pared with ta5.s53 bales last year. Amer
'rar visible supply totals &.5s5.7l3 bales,
against 4.sis.057 bales last year. Cen
sral visible is 6.lie.71S bales. compared
With t,I1s.o51 bales last year.
Spot cotton was 10 points lower. MID
@llng uplands. i2.i5c. middlirg Gulf
isc Spot cotton In the principal South
- markets was unchanged 10 &c. lower.
New Orleans. /: l5-l6c.. Charleston
iei.c: Norfolk. i3c. Savannah, 1Sc :;
Memphis. i3i,c. Augusta. 1915. Futures
hoo closed to 10 points lower.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31

THE PHILADELPHIA MARKET.

PHILADELPHIA, Jan. 30.-The market
during the DAY was irregular and showed
s,tyity only in spots. Price variations
were confined to email fractional limits
There was a fair demand for Tonopah
ana Belmont. both selling strongly around
Let nights closing. Cambria Steel sold
- dividend in small odd lots and showed
desire to fall back on all offerings
r-action stocks and United Gas Improve
uont were quiet but Arm. In the bond
hist there was a further advance of West
srn New York and Pennsylvania general
ts, showing a gain since first OF year OF
nearly points. United Railway Invest
nient ys were active and well taken be-
tween 1ji- and 81. The summary:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
THE GRAIN MARKET.
what Closes Slightly Lever, win
Export Demand Lackins.

neat closed u to sc. lower yesterday
Win both cash and export demand lack
0S CaSlee were easier on expectations
OF larger worlds shipments for the week
OUTSIDE North America and freer Mani
topa oners. The Modern NUier report
was also regarded as a bear factor, al
tnoush trading was light and price
ohanges were narrow. Prices at the close
were at about the low point for the ses-
sion: Receipts at primary points were
smaller than last year, but wer' larger
than shipments. The adverse action NV
the Canadian Parliament on free Ameri.
can wheat exerted practically no effect
upon values. Traders stated that the
attitude or the Canadian Government had
oeen forecssted. as the present Govern
Inent was elected on an anti-reciprocity
platform.
Corn finished u to bc, lower "a. ahou,
the low point for the day. Receipts we're
smaler than last year. but were con-
sioeraoly larger than shipments Cash
demand was light and prices eased eff on
commission house selling. The tone at
buenos Ayres was also easier. The short
its contracts.
Oats at the close were =; to NC. lower.
! rnce variations were slight and followed
the trend OF corn Receipts were iiGht
ana were smaller than shipments.
:, MODERN Miller crop outlook says.
Heavy SHOWS In the principal wheat sec
lions OF Indiana and Illinois and in dis
tricts In Missouri have been highly ben.
enciai to the wheat crop In those States.
Mlchiean has snow covering, A. we'll as
Colorado. beyond IN Rorkies High tenn
peratures continue in the extreme South
west Reports indicate the crop In prsc-
tcaiiy perfect condition. Farm deliveries
IN indiana show a heavy increase Esti-
mates OF wheat held by farmsr in
southern Kansas show Is per cent. Of the
amount harvested"
Minneapolis wheat stocks increased
100000 bushels for the week Broom
nall estimated worlds wheat shipments
Tor the week outside OF North America
at 100000 bushels. against actual shin.
ments last week OF 100000 bushels.
Europe will take about $500, 900 bushels
or this total. Total shipments last
week were l2.1e2.oo0 bushels and 49,
i2S.0o0 bushels last year. Arrivals in the
United Kingdom were about 5000 900
bushels. He predicts a moderate increase
on passage
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
GOODRICH co. EARNS $4,000, 900.
President says Forthcoming Report
VIII show Good Wear.

" a. Work. president OF the h. +.
Goodrich Company, issued statement
yesterday forecasting the results of the
companys fiscal year prior to the pub
lication OF the annual report.
President Work said that the profits Of
the company for the year would he APP
proxmately s., 800, 900, after such allow
ances for maintenance depreciation and
other items which were deemed proper
were charged IN. This result added to
the surplus carried over on December 81.
1912, he said, would show undivided
profits OF approximately 100000 after
pa yment of the full years dl, blends on
the preferred and I per cent on the com
mon.
Quick assets on December -. 1913
were approximately $4,000. 900. against
current liabilities Of $1,000, 900. The com
pany has no funded debt. President Work
says the directors feel well satisfied with
the results Of the year.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
Detroit, Toledo d Ironton
Railway Company

10 The ,,s,! Holder S.i..,. Of ,.,.,.. ria. v..
bond. and Cer,iacsies o. Dcposit q
Centrei Trust Company Of New York
General lien and Divisional FIRST Mort
gaze Monde and Certincsies Of De-
po.it q The New York Trust Gem
sisn.I lii.s Mortgage BOnds due
H;s:i: :%ss' s:.. ls$: :: ,.s:s..s.::;
c. a:::s. \ .. ss: "a f.. s..a. -.
any Certincesss Of Deps.is therefo.t
,s Th :. rsr a e. Era !S .s X.
Axs ss ZEE DEC pEe1xssB 1SrksA Riefs:'.'
s.:s o' sslea ss saeO. sy :1 nm s:s rS;k
funds to The New York Trust Company a.
a, i,s one. So' a. Broad Street Sew Tork,
on or before the close Of buslns.s on
IL rs. s.s sn f NAL
southern Bond or Gen.,~f Lien Bena or each
sp s. Of each $500 face amour, Of General
Len Goopons 500 n rs;Hss; (: sIsn
soiaa.a Bona or e c.rsks.. OF Of Af D.po.,
c.r,inea,e. Of Deepest, should b. presented
az the time OF the payment OF said install
ment for .pproP5n;s no % 'ssr s n,S OF
ment on or before said date will subject
the holders Of Certificates OF Deposit TO the
forfeiture OF all previous payments made
30 HOLDER or ANY OF THE ABOVE
P RiTffb ~ AZ kkNkflT MIS- rSb III OR
iSIsE I;, Is r i"f EiiN rN IhSxt AZ
viii its tctErIEp SxIFE Ilii CLOSE
:f,SHiH 81 I5ss;sS4 Il HI:
Dated. New York January 81. 1914.
Nm CHURCH Osborn. Chairman.
OTTO T. BARNARD.
SIDNEY c. BORG,
FREDERICK ii. ECKER.
REORGANIZATION Committee.
HARRY FORSYTH. secretary.
No. 20 Broad street. New York
GEORGE WILDWOOD MURRAY.
ALFRED A. COOK,
HENRY v. POOR,
Counsel
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
THE BOSTON MARKET.

BOSTON. Jan. 3o.--The trading was
broad and active. Prices we're frm
throughout tho session, with marked
strength toward the close. Coppers
showed an average gain Of y for the
day. CRANKY added IA. Quincy after
selling at 60. OF 8. recovered to 20.
Arizona Commercial was active, advanc-
ing TO 6 s-l6. UP 7-l6. Butte and Superior
on heavy sales gained IA. Among the
rails Boston Elevated and New Haven
strengthened I \ and 2 respectively. Mas
saehusetts Electric preferred sold at SO.
off u, a new low, closing at 81. American
Wooden preferred advanced y. The sum-
mary
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-31
PRESSED STEEL CAR COMPANY.

Wv oTk, JAnUary 5, w.
PREFERRED pINIDEND No. &c
quarterly Dividend of one sni three
ruary :5th 1914. TO Preferred stockho,iers
OF record az closing Of Transfer Books Feb
ruary ith. 1914. Preferred Transfer Books
VIII reopen February 18th. 1914
COMMON DIVIDEND 80 20
Three quarters OF one per cent -. -.
the FIRST equal quarterly installmrnt ~ =
dividend OF three per cent. ,3'eI Oh the
common stock from the surplus net csrnings
for the fiscal wear ending December Slst.
1918, Will be paid March nth. 1914. to com.
mon stockh od"rs of record a. the close ~
Transfer Books NJ the Common stock on
February lsth 1914 Transfer Books Of tie
Common stock viii be reopeucd March
llth. 1914. Checks viii he uailed
II. T.. sWARTZ Assistant Treasurer