New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-02-11
TOPICS OF THE DAY
IN WALL STREET
o.., Orders Prove To Be
''' About as Expected
Stock Advances.
q I BONDHOLDERS
WILL HAVE TO PAY
o..-srs Of the Collateral as 10
stand Major Part OF the
Burden of Changes.

80, --e1ed orders proved 10 nav
Utmost exactly as much As me
- er,~ed Brokers said that 'n''7
corparativeiy little specuis'''
iao .-,s,.-t and that was taken Z"
-. ADVANCE Of the stock after me
s'p -, out a. noon. though II ma"
s.-o,r throughout the morning
'.'.o 20 authorities In the trace new
80, hooked in the month must nav
,.-ee- than was evident rom '''
~ untitled orders. because S"'p
IT, -. said 20 have been on lsrt'r
.,,n ~. December. Il Is vel unoe
- ,h,t the prices obtained on ne.
- go not satisfactory IN the NIX
"o. hut predictions made alresoI
- ,ss earnings for the first Quarter o.
- go vii be hardly more than ''oSe
Let quarter o. 1918 are helo 10 ~
untu.y pessinis'io-
p,,o on Foreign Recovery
-. -ecove~y from low stock
b.i,e seriously hsmpereo ny
- - ,rfuences-old UouoIes DO''1
~ -,rNtmares. The chief are NOSE
soD - - IN. strain on osnSlns
So ,-.,,h were hung Up' with hrS-
- CANADIAN and other bona ho'auo's
.r-,-,,-. 1n many cases ne unoer
-. .,d % take from 20 10 % per cent
-. ,,syes and have had 20 carrN 'hein
-, rve0 now. notwithstanding
..-,.r, ir other departments OF the
'A'y markets Brszilisns are looked Al
London. In Paris another COM
So t,s been introduced by the gov
-. cratic and drastic schemes for
'.~.,,o, Even Amsterdam. where theie
failure YESTERDAY has us snare VI
'.r,ls Yesterday Amsterdam sno Fsris
~. -.r.-.cans-princi pslly the low grade
,.,,t.-so,h here and IN London ana
,,,S,r was IN turn heavy seller IN me
zeal market
Who viii Have 20 Pay!
,,.,s.-, =, me collateral trust bonds ~
.c.,r,ro Rock Island Pacific Rail
y co,,nanv % Iowa have practically
~ -. stock o. the Railway Company OF
,r,-ois the underlying corporation heio
: ,.,,, for them. Apparently any plan
- ~ devised 10 furnish the system
IN ,resh capital. unless Il be for ss'e
.,.u securities with no change IN the
...,.-. o--oriza ton. will require them 70
,,,ur ~ dilute some OF their equity.
-. sr-es % sn increase IN the under-
mp corpanys stock for the sake o. ge'-
.-r,o assessment out Of the Rock Island
r,~Urv's stockholders they 1eoparoize
81, ,-.,-,s, on their bonds. II they agree
,,-s.rrs their bonds for the stock col
.,,,i urder them and permit an increase
n s,,s st tho same time they leops roize
a..- dividends. even though the new
s.,ef y, sold 70 provide fresh capital.
Dividends can't oe paid out Of the pro-
...ss ~ security sales, unless IN some
sgh Indirect way as they we're b. inc
American Can Company. which made up
fies dividends out Of surplus and 'reim-
ts-red surplus" with the money got ny
selling debsntures And the Rock Island
tlvsv company IS not doing so well that
rcsn be expected 20 pay dividends al the
sis o. Z rsr cent. or even per cent Oh
ny more than the 500 1000 Of stock QUE
Standing a great deal ~ money mas
rto .. put into the property before the
van O. neglect following the reorganiza-
ttn can be Offset. How the system eA-
p.,ts 10 get money. except a. some cost TO
n. oolsisral trust bondholders, Is what
Val Street has been unable 10 figure out.
Bank Of England Gets No Gold.
IN. Bank Of England got none OF the
iSW new gold offered in London yester-
'sy India and the Continent taking all.
sgi N. price was not advanced above the
minimum % IS %. showing that the bank
hsd 10 wish o. compete In the buying. Al