The Washington herald., 1914-05-12
WALL STREET GOSSIP.

Green Cananea declared dividend OF
per cent.
An additional 81, ,oOO 600 in gold bars was
| engaged for export yesterday, making a
total Of s., 600 600 in the recent movement.
For the second quarter of 1914 an
average of 1.10 per cent dividends. on a
total capitalization of SIS, 23s. 900 by thirty
seven cotton manufacturing corporations
in New England. has been declared.
Drexel & Co.. have purchased $50 600
Georgia Railway and Power Company.
first and refunding forty-year sinking
fund per cent bonds These bonds will
be offered Monday, May II, subject to
the approval of the issue by the rail-
road commissioners of the State of
Georgia.
Since September, 1912, average deprecia-
ton in Mexican government securities
amounts to more than 10 per cent.
Shipment of 11.e50 boxes of tin plate
from United Kingdom Is due at San
Francisco In ten days.
A special meeting of the stockholders
of the Consolidated Gas Company has
been called for May % to vote on in
creasing the capital stock from $1oo.-
co., 900 to SIS, ,oUco0
OR ,ss receipts of the eleven principal
expf ess companies of the United States
for January aggregate s1l.283.1o6. against
81. .4o1 fer January, 1913; and for the
seven months Ss7.S24, $50. as against $103,-
Gs, 4e1 for same period last year.
B. w. Snow to w. B. Hibbs & CO.
abandoned acreage Northwest Kansas
exaggerated: government estimate acre
age of State too low by fully 10000.
Some good wheat actually plowed up
to make room for corn because not
enough land was left for that crop. Total
corn acreage much reduced. Wheat con-
dition In Kansas Is perfect. with plenty
of surface and subsurface moisture. II
present prospects are maintained State
could easily market 16o00o,O00 bushels
Ground so heavily shaded II can with
stand dry weather.
The suspension Of Austin & Raft is an
nounced on the cotton exchange
1t was stated by one of the members
Of the firm that the suspension would
be only temporary and had been caused
by failure to make certain collections
The amount involved was small, II was
said, while the assets of the firm were
larger than liabilities There was no
danger of bankruptcy. it was asserted.
1t is understood that the $5oo0,oO0 of
joint first refunding mortgage per cent
bonds Of the Illinois Central Railroad
Company out of the total of 81, 900, 900
bonds that are to be purchased by Kuhn.
Loeb & Co. from the company will be
offered by the bankers for subscription
at around 102 l.. It is impossible to
state at what price the refunding As will
be offered. The present quotation for
the bonds Of this issue that are already
outstanding Is around g.
James A. Farrell, president of United
States Steel Corporation, is quoted rs
saving in London: Because of the bet
ter tone of business coupled with other
circumstances, indications point toward
gradual emergence Of iron and steel In
dustry from a comparatively unsatisfac-
tory condition to one wherein confidence
In the commercial world will be restored.
The steel industry is facing an era of
better things. feel safe in advancing
the opinion that improved trade condi-
tons, not only as. regards tonnage, but
also values. will prevail in the near fu-
ture."