The Washington herald., 1914-06-27
WALL STREET GOSSIP.

Stock holders OF the Pierce Oil Com
pany met yesterday in Richmond and
voted to increase the capital stock from
s2l 200. 1000 to $3O.OoO.OOO.
The date Of payment of extra Union
Pacific common dividend. declared jan
uary s. has been postponed from July
ponements as shall be deemed necessary
by reason Of litigation.
The New Haven announces that effect
i've July l. price Of dinners on its dining
cars will be advanced from 81 to tbs.
the change being necessary because Of
the high prices Of food products.
Public Service Investment Company
has declared a quarterly dividend Of 81 80
a share on its preferred stock and a
semi-annual dividend OF s. a share on
its common stock, both payable August
l to stock of record OF July Is
Stock Exchange seats continue at So,
600. The seats of Gerald Brooks and
Howard J. Hfldt which have been posted
for transfer to Charles H Boynton and
Pierpont V. Davis, changed hands at
that figure. Louis Bacon has been Ielected
to membership on the board. He is as
ISOLATED with a Boston firm, Edgerly &
Croeker.
In view of the fact that final returns
for Virginia-Carolina's, ended May 81.
are not yet at hand the company's Of
ficers are disinclined to discuss the years
results in concrete terms. A director of
the company stated after the director s
meeting. however, that the results would
be more satisfactory than for 1912-l3
1t is understood that only a small part
Of the $5,0oO.OOO debentures which the
company is issuing were taken by the
stockholders.
The American Railways Company gives
notice to holders Of its per cent COL
lateral trust gold bonds that the entire
issue outstanding will be paid OF on
July 1 together with 2Ia per cent interest
on presentation at the office of the Real
Estate Title Insurance and Trust Com
Pany, of Philadelphia, on the date men,
toned. All interest upon these bonds will
cease after July /.
The freight rate decision will be an
nounced after p. m. this afternoon"
said a curb b7pker yesterday, in strict
exchange. 81 got that from the highest
source" he added, in a voice full of
portent
The exchange member smiled wearily
as the curb man walked away. Turning
to his waiting friends, who had beer ex-
cIuded from this bit of confidence, he
said: do you know that in the past
three days at least 800 persons have
given me not only the time that the
rate decision would be made public but
also details of the decision itself Last
Sunday while at my golf club, forty
miles from New York, got three tele-
phone calls telling me the rate decision
would be in the morning papers. I am
getting indigestion from telephone calls
at lunch time informing me OF the prox-
unity of the decision. and one Wall Street
man had the temerity 70 get me out of
bed at eleven-thirty one night last week
to inform me that the newspapers had
the decision already set up and on the
presses
II would not like to compute the num-
Der OF notes / have received telling me
that 1t was coming. not tomorrow or next
week, but in a few moments. Most of
my confreres are experiencing the same
thing. When 1t does come l shall be
perfectly apathetic, and IL II does not
come soon shall have to take a pre-
mature vacation at a place where there
Is mail only once a week and no tele-
graph or telephone service"
The SeIeefri, cigar lighter has been