New-York tribune., 1917-07-17
Relevant Facts
Pan-American Petroleum and Trans

Pan-American Petroleum and Trans
port.-The company announced yeSter-
day the sale TO a syndicate headed by
William Solomon & Co, of a new issue
OF S7000.000 first lien marine equip
ment per cent convertible gold bonds:
The bonds mature in instalments OF
S350.000 every six months over period
of ten months. As security for the
bonds the company has pledged fleet
of six new steel tank steamships valued
by +. l.. Doheny, president of the com
pany, at $21 100000. The Pan-Ameri-
can Petroleum and Transport Company
controls the Mexican Petroleum Com
pany.
Great Britain's June Trade.-June
imports, according to report issued
by the British Board of Trade, de-
creased f96S .349, and exports showed a
falling off of SO 623, ,563, compared with
the month of June year ago. Total
imports amounted to fS6,06S, 900, and
exports were s43, ,651 900. From January
to June 80 total imports were $780,
9Ol, ,547, against G474,913,119 IN the same
period last year, and exports totalled
s25l l,145,79S, compared with 1907
981 in 1916.
Mark Manufacturing Company, of
Chicago.-In order to bring its annual
capacity of finished Bessemer and open
hearth steel output up to 100000 tons,
the company is enlarging its steel plant
at Indiana Harbor, Ind. The plant,
with present contemplated additions,
will, it is said represent an outlay Of
approximately S14,500,000 To provide
for part Of the cost of this plant the
company has sold S6,000,000 three-ycar
S per cent secured notes, dated June !,
1917, to Chicago and New York bankers.
McCrory Stores Corporation.-Sales
for the month of June amounted 10
Se26,59S, an increase of nearly "a per
cent over June, 1916. For the six
months ended June 80 total sales
were 1885, All, a gain of s5270i7. or
1888 per cent, over the first falf of last
year.
United Railways of St. Louis-It
was announced yesterday that a special
committee consisting of Festus J.
Wade, chairman; Albert II. Wiggin and
Gilbert H. Walker had been formed to
manage the adjustment of the COM
pany's capitalization. Security holders
have been requested to deposit their
holdings with the various committees.
American Malt Corporation.-I. is
reported that several plans are now be-
ing considered by this company for the
payment of accumulated dividends on
the first preferred stock amounting TO
% 1-3 per cent This stock is now re-
ceiving dividends at the rate of per
cent annually, and one of the plans
oh ha - ko M
Of extra cash dividends along with the
quarterly disbursements of IL per
cent. In the last year $4,000 shares of
the first preferred stock was purchased
by the company in the open market at
an average price of S43 a share. all of
which is now held in the treasury.
Extra Dividends Directors OF the
Pittsburgh Coal Company have de-
clared a scrip dividend of 80 1-3 per
cent on the preferred stock. payable
July 25 TO stockholders of record July
20. An extra dividend of / per cent
has been declared by the United States
Bobbin and Shuttle Company on the
common stock, along with the regular
quarterly disbursement of / per cent;
also quarterly dividend of Ia per cent
on the preferred shares, payable August
! TO stockholders OF record July II.
The Pittsburgh Oil and Gas Company
has declared an initial quarterly divi-
dend Of ? per cent, payable August IS
TO stockholders Of record July 81.
Springfield Body Corporation.-Al!
the directors Of the company have re-
signed and new board has been elect
ed, including the following: H. S. Ten
ney. c. A. Macdonald, +. W. Wagner.
Harry Bill and G. II. Woods.
A special meeting will be held July
q for the purpose of voting on a pro-
posa! 70 lncrea the capital stock.