The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-05-30

MALL STREET GOSSIP

Actfve ne8oCatlOn9 nave uccu feSufucu
between ST. Paul and bankers for about
blanket refunding nnortgage created last
fall. >
Standard OIL Of Kentucky declared
quarterly dividend Of "A per share and 81
extra PAYABLE July !, books close June 1,
reopen July z This Is the same a. in the
previous quarter.
At the annual meeting Of the stock
holders Of the Standard Oil Company 81
New York yesterday Howard e. Cole,
coed James Donald. deceased. Mr.. Cole
ID the company's manager for all Japan
and resides at Yokohama The retiring
directors were reelected
Vice President Munro, Of Union Pacific,
says business outlook has improved re-
marl<ably In past six weeks and that
country Ia in better shape than II has
been In four years. with the crop pros
poets over the country almost super
perfect. I can see nothing but prosperity
and lively business ahead"
New York State has paid 81, 10, $50 to
New York Central In settlement of dam
agSo from construction OF barge canal.
Precedent may result in increasing cost
OF canal Slo.0oooo0. As many similar
claims are pending.
Seaboard Air Line Railway has pur-
chased 5000 tons Of ninety-pound rail and
i1oco tons Of eishty-nve-pound RAN for its
years requirements. The company is
also asking bids on ten mountain type
passenger locomotives. fifteen mikado
freight locomotives, forty-nve passenger
ears. and rs box cars.
seaboard Air Line Railway has sold to
Harris. Forbes 4 Co, y, 10000 per cent
equipment trust certificates. maturing
semi-annuaiiy for twenty years. They
are secured by equipment on which 10
per cent Is paid in.
Strength in the stock Of the CrucibIe
Steel Company In Pittsburgh. where IL is
dealt In. La said to be due to the efforts
OF the finance committee of the company
to promote the early payment of the
back dividends on the preferred stock
which amount to Is per cent. The pre-
ferred stock has been strong for several
weeks Whine the common is II, up points
from the April low, and New York
houses. with Pittsburgh connections. re-
port excellent buying.
The company had at the end of its last
hscaf year nearly SIS. 900 in working
capital. or more than most of the indie
pendent steel companies. During rs last
year the Crucible company earned nearly
II per cent on the common stock, and
for the last four years has averaged
about L. per cent on the common
Sir Thomas Shaughnessy. president of
the Canadian Pacific. has been giving
out some interesting statistics Of the
Of the stock of that cor
poration. He says that the company has
5000 shareholders who own 10000
shares. The only American railroad COM
pany. for such Canadian Pacific may be
which has distributed its
stock more widely is the Pennsylvania |
Railroad, whose shares are owned by |
upward of 5000 persons. British stock |
holders own s per cent Of the Canadian |
Pacific stock. while Germany and France |
hold Is per cent About q per cent are |
owned in Canada and the United States |
Tho percentage held in Germany and \
France IL smaller relatively than has |
been supposed IN view of the volume OF |
orders that have emanated from Berlin |
In particular at various times. It APP
pears that German holdings have slowly l
diminished of late while Canadian in
yestors have increased their interest in
the stock.