New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-06-29
ABSENT BROKERS
TO BE PROTECTED
Those Called to COlOrs
Won't Be Charged Extra
CommissiOns-ListingS.

The governing committee OF the
Stock Exchange at the last regular
semi-monthly meeting yesterday before
the summer recess approved plan pro
viding that all members who have been
called to the colors may appoint
broker TO act for them in their absence
who shall have the same standing re-
garding the charging Of commissions as
the absentee. As this procedure re-
qures an amendment to the constitu-
ton, formal ratification will be re-
served for n special meeting TO be held
in the near future.
Other matters considered at yester-
days session were the approval Of a
plan for the addition Of four new trad
ing posts on the floor of the exchange
and the removal of the bond crowd
from their present location along the
eastern wall OF the building to the
northeast corner. A new method Of dis
tributing orders through pneumatic
tubes was also discussed. BY the
changes contemplated the space on the
trading floor will be increased about
800 square feet.
Theodore F. Reynolds was elected to
membership on the board Of governors
10 fill the vacancy created by the re-
tirement of Albert II. Marckwald. who
is now associated with the Bankers
Trust Company.
The governors yesterday approved
for listing an unusually large number
of securities. Many were taken from
the curb market, where they have been
actively dealt in for several months.
The list follows:
Cuba Cane Sugar Corporation, $780,
100000 per cent cumulative preferred
and 100000 shares OF common Of no par
value; Acme Tea Company, S2,750,OOO
7 per cent cumulative first preferred
and temporary interchangeable certifi-
Gates for S3,500,000 common Barrett
Company, S4,659, ZOO per cent cumu-
lative preferred and Sl1,298,200 COM
mon: Harbison-Wa Refractorles
Company, Sc, 500 900 per cent cumula-
tive preferred and S18,000,000 common;
Worthington Pump and Machinery
Company, S5,592 1873 voting trust GER
tifcates representing Class A I per
cent cumulative preferred stock, slO,-
321 ,671 voting trust certificates repre-
senting Class b per cent preferred
stock and Sl1 ,49l JAG voting trust GER
tifcates representing common stock.
Chicago Union Station Company, $780,
100000 Series A first mortgage IA per
cent bonds: Missouri, Kansas K Okla
homa Railroad Company, Sl,25S,OOO
United States Mortgage and Trust Com
pany certificates of deposit represent
ing first mortgage per cent bonds;
Braden Copper Mines Company, Sl5,-
100000 collateral trust l5-year per
cent sinking fund bonds; Willys-0ver-
land Company, Sl,500.000 additional
common stock, and Consolidated Inter
state Callahan Mining Company, s4,-
900 stock. par value $40.
briggs Seabury Ordnance Company,
$4,000, 900 common stock; Atlantic,
Gulf and West Indies Steamship Lines,
Sl4979, 900 8 per cent non-cumulative
preferred stock and S14,963, 400 com
mon; Ajax Rubber Company, 100000
common stock, par value Of shares $50
each; American Bank Note Company,
s4,495.650 6 per cent cumulative pre-
ferred stock, and Chesapeake & Ohio
Railway Company. s40,l80,000 per
cent convertible 30-year bonds.
The Cuba Cane Sugar Corporation
issued a statement of its operations for
the period from December /, 1915, 70
April 30, 1916, as follows: Gross earn
ings, S37 500, ISL; net profit, sl3,866,Sl2.
Combined sales Of the briggs Seabury
Ordnance Company and the Savage
Arms Company for the four months
ended April 30 were shown 10 be 81
AAs 43A. and net profit 81 ,05s,o6s.