The Washington herald., 1914-05-22

Pacific.
Sterrett Tate has applied for member
ship on the New York Cotton Exchange.
British-American Tobacco Company
yesterday declared an interim dividend
OF per cent on>erdinary shares, payable
June %.
Calumet & Hecla declared a quarterly
| dividend of $ share Three months
ago s. was declared, and a year ago SO.
Standard Oil Of Ohio has declared the
regular quarterly dividend Of s. share
and an extra dividend OF 81, payable
July to stock of record June 5. Books
close June 5, and reopen June IS. This
is the same as the last quarter.
Chicago Elevated Railways has de-
clared the regular quarterly dividend Of
sl.S0 on the participating preferred GER
tificates.
The Cuban-American Sugar Company
has declared the regular quarterly divi-
dend of "a per cent on the preferred
stock.
The General Electric Company has de-
clared the regular quarterly dividend o(
: per cent. Directors reelected present
officers.
The Crex Carpet Company has declared
the regular serni-annual dividend Of 3
per cent
New York Air Brake Company has de-
clared the regular quarterly dividend Of
l 1-2 per cent.
1t is reported that W. II. Donner. the
new chairman OF the Pennsylvania Steel
Company. has terminated an open con-
tract by which the Maryland Steel Com
pany was taking coke at 81 a ton and
has replaced the business with a similar
OPEN contract with price under SIS
deliveries to be discontinued at any time
at the option of the buyer.
II. u Nudge, president of the Chicago.
Rock Island and Pacific. has been elected
president of the American Railway As
soc.ation for the ensuing two years. r.
H. Ashton. vice president OF the Chi
cago and Northwe estern, HAS been elected
vice president. A. H. Smith. president of
the New York Central. who had been
nominated for president, withdrew.
The consolidated earnings OF the SUBJ
sidiary companies of the Republic Rail-
way and Light Company for April were:
Gross. $253.1ss; increase. S24.0ll$ net. Sll0,-
s12: increase. $2s, i9i; surplus, ss3, ,soe; in
crease, s25,aos.
The American Milling Company has
sent a circular to the stockholders re-
questina them to agree to a reduction in
tn" capitalization of the company from
$3.5oc.0 900 to 100000, by surrendering one
share for five tshares of par value so
William c. Van Antwerp told the As
sociation Of Office Partners yesterday
that IF We SO far forget ourselves as
to close our ears to the voice of en-
lightened public opinion. very serious
fault will be found with us. What
We are trying to do Is to steer a safe
course. to take soundings, to make
things snug, and to safeguard pas
sengers and cargo. Unless I misap-
prehend the signs of the times this is
what decent American business men are
coming to. 1t is the spirit Of the new
ethical progress, and we Of the stock ex-
change have earnestly proclaimed our
determination to play a part in that
righteous progress
Mr.. Van Ahtwerp's remarks were
made in the course of an address In
which he contrasted the air of secrecy
and aloofness which characterized the
attitude of business men toward the
public a few years ago with the present
policy Of publicity and fair play. The
public is indebted, he said, to the news
papers which have shown a willingness
to publish the facts and to applaud the
public spirit of the new regime. His
position was similar to that taken by
the Commercial on Monday in an edi-
torial on business publicity. He char
acterized as the broad position Of the
stock exchange and its library commit
tee as a purpose ito practice the Golden
Rule. to put our institution beyond the
pale of criticism, to get on with the pub
lie, to give IT, we would receive, to
sow IL We would reap. to do what we
can to enlarge our horizons and to put
to an end that widespread popular crit
icism which stamps New York the most
detached. narrow and provincial city in
America"