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Bi
EVENING LEDGER-PHILADELPHIA, WEDNESDAY, AUGUST 30, 1916.
FINANCIAL NEWS'
POSSIBLE STRIKE AND SHORTER WAR
FAIL TO UNSETTLE BIG HOLDINGS
garly Losses of Around One Point -Due Largely to Bear
itaias otuuna ivucover jjater JNew Top Marks
for Marine Issues
. Hlgti Points in Today's Financial News
Dividends on common stock restmed by American Locomotive Company,
1 14 per cent being declared, the first disbursement since 1008. E. I. du)
pent de Nemours & Co. declared a dividend of 1 1-2 per cent and 23 1-2 per
etnt special, payable in cash and Anglo-French bonds. Todd Shipyards de
clared initial quarterly dividend of Jl,75, Extra dividend declared by St.
Joseph Lead- $2,500,000 mgold arrived in New York from Canada. Price of
bar silver higher m New York and London. Wheat prices declined. Cotton
started lower and then recovered, as did stocks in Wall Street.
NEW YOIUC, Auk. 30.
Confidence was bo strongly Intrenched In the minds of security holdem tndnv
that even tiio prospective railroad strike and the possible shortening of tho Euro
pean war so far failed to substantially unsettle Important speculative lines of
Investment holdings.
Thero was commission house liquidation by somo who had become nervous
Over tho situation and who could seo no escape from a strlko, but tho declines
xyhlch occurred In the market wcro duo more to aggressive bear raiding than to
prfl9SUrO Ol any iuiih uiutjrt.
It was commented on that actual holders did not want to sell their securities.
and the manner In which offerings of stocks wero taken at the moderate con
cessions was regarded as Indicating surprising strength.
Losses of around 1 point were sustained In many stocks In tho early dealings.
tut thero were demonstrations of strength In various groups, with Marino pre
ferred advancing 4 pqlnts to tho now high record of 104, and tho common stock
letting at the now high record of 43i.
Reading was also In good demand all through the day, although when oppor
tunities wcro presented tho stock was ofTercd at concessions by some of tho
gggrcsslvo bear tradors. In tho lato dealings thero was renewed selling of tho
.general list, when some Issues yielded to a new low level fqr tho day, but tho vol
ume of business was not largo and tho declines In themselves are without
; ,'jmportance.
Initial Dividend of $1.75 for Todd Shipyards
NEW YORK, Aug. 30. The Todd Shipyards Corporation has declared an
'Initial quarterly dividend of $1.75 a share, payable September 30 to stock of
f record September 20. There are 85,600 shares outstanding of no par value. Net
.'earnings for tho quarter to end August 31 are estimated to bo In excess of $750,000,
fipr nrovldlng for all Interest and sinking fund payments. Including tho interest
and sinking fund on tho 5-year G per cent notes.
' ' St. Joseph Lead Co. Declares Extra Dividend
' NEW YORK, Aug. 30. Tho St. Joaoph Load Company has declared a dls
trlbutlon of 60 'cents a share from the reserves for amortization, In addition to tho
reiular quarterly dividend of 25 cents a share, payable September 20 to stock of
record September 9.
$2,500,000 in Gold Arrives From Canada
vp.w vnnK. Auir. 30. Thoro was received at tho Assav Ofllco this mornlnc
'J,600,000 la gold from Canada tor tho account of J. P. Morgan & Co.
. c Du Pont Do tfemours Declares 2V2 Per Cent Special Dividend
WILMINGTON, Aug. 30. Tho E. I. du Pont do Nemours & Co. today declared
a dividend of 1' per cent on Its common stock and a special dividend of 23
Mr cent on the same stock, payable 5 per cent In cash and 19 per cent In
JUriglo-French bonds at 97, on September 15 to stock of record August 31. It
ialso declared a regular uiviucna on us ueuemure siocit oi ift per ccni. mo iu. i.
5'du Pont de Nemours Company declared 1 per cent on tho preferred and 1
'per cent on tho common.
American Locomotive Resumes Common Dividend
NEW YORK, Aug. 30. Tho American Locomotlvo declared a dividend of 1H
per cent on tho common stock, payable September 28 to stock of record September
18. This is tho first dividend declared on tho common stock slnco 1908. Tho divi
dend was announced as quarterly.
GENERAL FACTORS
INFLUENCE CURB
Bailroad Unscttlement and 'En
trance of Rumania Into War
Restrict Trading
NEW YORK, Aug. 30. Trading on the
curb was again Influenced by tho general
factarp of railroad unsettlemcnt and the
nevr conditions created by the entrance of
Bumitpla lntq, the. European war. . Belief
that bbtri these factors would exert an In
fluence against higher prices restricted
trading eyon In specialties and at the
same tlmo Induced a moderate amount of
liquidation.
The action of .the Drlggs-Seabury di
rectors In passing the dividend on the com
mon stock yesterday caused a decline In
that issue of 0 points and did not help the
epeculatlvo position pf other war-order
stocks. Poole Engineering Bold at 95 tp 90
and losses were sustained In nearly all tho
Issues traded In. MIdvale Steel reflected
llquldatlbn because of assertions that divi
dend action will not be taken until Decem
ber, and sold down from 62 to 61 . Aetna
Explosives yielded from 11 to 11 U, and
Submarine sold at 33 .
There was a firmer tone to tho motor
ttocka, with Chevrolet, after declining from
115 to 182. moving up to 190. United Mo
torsfell from 68 to 87 and Peerless sold
at'2l to 24. The olf stocks were riu.et and
renerally lower, with .Sinclair declining from
UK to 39. .Metropolitan Petroleum opened
at U and rallied to 14.
The mining stocks were quiet and showed
little change In prices. Authorized state
ments were made that Rex Consolidated will
begin shipments of ore at a rate of 100
tons per day aliou(, September IS,
INDUSTRIALS. , ,
Hid. Asked,
Altai Emln.lv.. im 11
Am lint jife ........ 12 so.
k4m lr..uni ................... ,,
1 1 Canadian Car (!n 40 SO
sn Car A Fdy pref . 7t 15
-wroii uoior
tS?fil" -Aeroplane. .
Prtrrs,3eab .-
hmtraon Phonograph
Kathodlon Urania prof, .... .... .
......
ttaxlm Mutilllnns
Manhattan Trana
Otis Eieyator ..,,
Kofi P,50l0r ' '
&Srffior
gSJ3Bnini-:j;::::::':;
, u o u and II com
World Film ,.,,,,,,,.,.,
STANDARD OIL.
t Illinois .... j '
Ohio ' '""'" ' ' ' ;
iriVv." .r,P
1 W J
New York Bond Sales
Hlsh.
flOOO.AIas O 31 Co (la Ser A .1
muu ao cv us Her u.... kh
1001) Amer Acr dob 3a.... II7K
11 looon Anslo-Fr n vi
1UUU0U Amer For Sec Ho 08
loixia Amer Smelt aec 0s..li)H
HiiOCI Amer Tel clt 4 Ul'i
1000 Armor Co 4H U.IH
1101)0 Atchlaon Ken 4a .... 92
12000 do adj 4 S3.
11000 do cv 4a 1035 lOJ
:il)0D do cv 4a ltitW lo.l .
1000 Atlan C It clt 4s.... 83 Vj
2000 Ualt & Ohio 3 Ha .. U2S
4000 do .'.a ...llM4
HOOU ijo 4s U0
1250O do rv 4Ua 1)1
U0OU n&O I LE4WV 4a., 86
2000 lleth Mteel rfd 5s ...100U
1IIO0I) llrook Rap Tr 5a 1018 loo
auuo jan uov os iu.o.... uv.t
hOOD ' do 10B1 ooz
11000 Cent Leather 1st 5a.. 10-.' to loa m
7HOOO Ohea it Ohio conv 8a.. l2ji II2U
13000 Chi II & O Joint 4s... U7t ti7!i
ouoo uni n a t i' rra 4ns u-'f
4000 do Ben 4s v,... SOJi
24000 do conv fia 100).
4000 Chi R I & V rfd 4s... 71U
30000 do Ba two atu 60
18000 do 4s 824
2000 Clev Sh Line 4 W a..., 100
5000 Chic Un Hta 4Ms.... t0.
8000 Vim Recur Corp 6s....
douu tine conv
L'000 Uen Lire
13011(1 Hurt A Man
jnon in KtMl rich
20000 Indiana Nteel 0a ....102S l
1000 111 Central rfd 4s ... 80H 8U
100O Interb Met 4 Ha .... 73. 73
4000 Interb R T rer Bs.... U7
1HOOOO Inter Mer Mar ct 4 4s 10H
Minnn An .w I t.a ....... 117
"booo Inter Nuv Cs, 108 108
11000 Japan new G 8 4H,. 81
5000 Kan City Ho 5s 8UU
30000 Loula i Naan 4s. , . . 04
15000 Manhattan ata 4s... Sti
nnnn fn Kan A T 1st 4a... 74
1000 Mo I'ac w i 4a....,,, Ofu
7000 do col ss juit truar
ct 2d sta '.. .. 04H
20000 do fta 1U83 w 1 .... U2H
8000 Mont Power Sa OJh
14000 Nat Tube 8s lot
87000 N Y O A II Os .,,,. 111J4
u
Low. Close.
83 83
87 87
07i D7H
11.1 U5V
08 08
108 108
Ultt OIK
l n 11.1 y
m u
lO'l
lil.l
83U
U2,
I'll ..
00,
in u
85H
100
mil
vvy,
uuy,
02
80
?.?.
50
82
100
ooh
'".
10 J
lirl
83W
1(2
00
III 'I
looH
00
00
mi-
8?8
02
0
K
100
71
Ml
82
100
9U Vi
la
4a ser li.... 72H 72V4 72H
deb 8s. ,,.,,103 lOltk lU.it
m in 6s:.... 27W 27H 27M
deb 4Ha.... 1)1 J UIH UlS
3 'IBB
81
8VH
101
04
811
10000 NYC II 4tts
uuy 1
do 4 Vis
2
04
02H
U7?
,nI..
111
u-
102 S
h'JH
73
108
81
8U
1UIK
iri
DU
74
04
04
02VS
DIM
Hit
111
V.
do 4Ha
do 4i
ild .4 Via
5000 do 4i
'00l N I i II
1003 ..... lOSVi
1003 108
a 'May 1D3T. .lUKH
a it cv as. ju
&
B3 .
Cal
1 B 0 NT
4ln oil
..I.MM"
...,.,2H
OTHER OIL 8TOCKS,
I44
i Midwest !?'. iS 82
v r-. Wl
MINING STOCKS.
3r NatioVii ::;::;::::::::;:::
IJe puna 14
m But er ;.i!.,r...... 8
JUtnu. IT
Hcttiniey Darrah ..;...;,
f;ma, copper ,
8aS Toy ' ''""
wwu'oa'kr?.;::;:::::::;:::::
ISM
iiKU B
DONPS,
SlU.lan
Wa-
60
"1
..101
OH
'58
8U
5 3-32
6
M
63
fEW YOBS BUTTER AND J$GGS
NSW TORK. Aur. SO. BUTTER Receipts.
M.B4J. raV tradS wh lUbtUr .firmer mar
Si! "" top aradeih Extra creamery, 3-V W
?k- Wahir Korln. SK03c. otier
Lf?03 Rlpta. IT 844 Prlcta, blxbar and
JiBf atron- In face of llabt aappldua to to-
Sa?aV.JMBll--VStt.A?.-Vit?
11"" ors BDvaivi w.i w7Ti v I
t, wbwb caxa, uBseaoaea. mi vv. - i
HOnn .In fla
IIOOO N Y Rwy adj 6s ,,
1.000 N V Tel Ben IVia ,
5000 Norf Writ 4s ..
J3000 Nor Pac prior 4a ,,
3000 Paclfla Tel 3s , ...
1000 Penna 4s 1048...,,,
6000 do sen ct His...
20000 do en 4(is.......
2000 Readlna" cen 4a ....
fi.in llMnnl, liiha ni 11101.
2UOII Rep Iran sa... ;.,,. u; ii;i
BOOO St L S F als w I.,. 8.1V, 83
1000 do rid ct sta 4s,,,,' 72 72
5ooif) rto aen ct s. , , i' iij
7il
00
80
H','?
112
67V,
. 07
. 0?H
01
100
. till vv
I1114 101U
,11'iTa
, 05
, Oil's
iua-.
ion
108
70
112
67
07
Si'vj
1IH)
i
1000 N Y City -la 1031)..,. luo-j inuy iuoij
if" iAm tftotl mull InulT
inn ifiii 'I? iV.2lf ! i..
i Kl.-V
IU0-4
70
07
1000
II 000
1000
33000
03S
0 H
do Ser A w I
liinu ao per a " i ,. "
1000 St Louis Swn 1st 4s, . 70
A8
1000 Seaboard A L rfd 4a,
is.
nnn Hmith Pao cv
2i0U0 do cv ret f p Bs
80
I)1U
100
00
101
104
05
00
08
83
72
76
00
8(ltt
103
it iZ
uoVj im
78 78
'V i"')k
s....lll.lh
15000 Sohth Rwy aen 4s.,,, 71
auuu lenn w c-i ..,,
1001) Texas Pac 1st Bs,,, li
1000 Third Ave adl Bs. . . .. TVi
1000 Tol St L XV 4s 1030. .65
8000 U S StMl a I Bs.,,,,, 103
1000 Union Pac 1st 4s,,.,, BQ
11000 Un Rwys a f 4i....... 34
400H Va Car Chm lat Bs,,, 1)7
J2000 Va Rwy Bs... .,,,,,,, 0R
oiiuii nauiii ... . ;,;,
2000 W U M cv 6a notes.100, 100
FOREIGN TRADE INCREASES
WA8MINOTON. ,Aus. JO Tho preliminary
...... lha lAlal value at llnltvd States ex.
(or July and for
10.1
111.71 IMIT.
33 3.1
1)7 07
08 08
103 in.iv
100
ports ana imparls lor juiy u ur aaveii
inontba compare with the flaurea (or the previous
year aa louovra i,w v....,mi
and Imports
illov
merchandise:,
1010.
v... S182.T22
401.824
262,838
July
Imports .,
Exports'. js!.
Excess of export!,,,
ASeVen months-
Imports '
Exports
Excess of exports
OOLP EXCLUSIVE OP onE.
juiy 1018.
ImportT 162.107
Exports a sos
Excisi of exports. ..... 'J2.7I2
evea nwn'w
Irunorta
Kxporta . .:
Eiceis pf exporta.
0r ,rcu wi
It. 407.810
2,02.2S)
1.438.401
I240.A88
T 7S.K01
IT8.283
SILVER EXCLUBJVB OP ORB.
1015.
1143.244
i'0S.4S
123,223
11,000,034
J. 870,277
001.222
1013.
117.282
2.101
13.071
1162,187
0 174
152.4i3
July
Importa
Kxvo'la ,
Exceaa of axporta....
Sevan months
Importa
Exports
uxcess of axporta. . . .
''Excess o( Importa,
1010.
12.425
4.3I
1.0.19
(17.83T
33,878
1T.44Q
1015.
13.002
8.833
082
118.744
., 28,814
lO.pTO
Philadelphia Commercial
Markets on Page 6
a i. , ' '
New York Stotk Sales
Laat cloae. Itlnh.
Adams Einress 130 13 i
AJa nubnet .... OS GrtH
iaa j 01. Al.,,,,1 ( Hi
M34K.1 w 'I i M. , l3H I.Sb
Al'IsChttmenMfc.tiM 23 23
Alll Onaimer Ml o... .8H "B
Am At Chcmlca ..i ?il 70
Vm UMtSofat.. ....... i cO'l O'f
Am Can...... mi COW
Am Can pi.. 112 ll:W
Am Car & F.ly.. ...... )l 01
Am Hide & Leather.... vM I'M
Am lllilf ft L v 52 ol'i
Am Ire Sccjrlios i 28 2iH
Am Llnscod. ............ 21 21h
Am LlnsceJ pf.. ........ 47 40!i
m locomot-Tf.. ..,... 75 7W
Am LocomottTfl pf .105 105
Am Malt Corporation... 7H 7
Am hiilln .. ., Il7tr Vl7tl
Am 8mcltlr.il & It pf....U2 112?f 1W( U?K
AmSmeltptn .85 85M 8o
Am hfeel Koundf.es &l t3l 51
Am -Sucat Kcflnlni 110 USH 10.)
An If) l. lHO'f 131
Am Tnh.irni 221 220
Am Tnh nf n .lllRll 1H 10S
AmVooen..r. 44U 45 '4i
Am Zinc L ft Hm 3,tl 33W 31a
Am Zinc I. ft Sm pf.... 001 UK (Hi
Anaconda Cop M s5 S4H V3M
Auwlaln.l nil 7.1 fll. 07
Atch lop..S K 1025. 1024 IU2J, 102J,
Atch I li ' V p. 9HH "ii 8H SH
All Coast Line Ill 113 113 113
All lull. A vV I ?14 71' 08, 1
Maid lco Work 77)i 7 tit -0W 7nU
llald Ixko Works pfd...l04Ji lOHn 1011 10l
lJW.
13
CO
K
I2J4-
22-4
in
75
0
-S)x
112
1)1
03i
28
20;i
47
74!f
101
7
OU
Cldse.
135
C0l$
i't
3
22i
18
75't
om
oj.
113!
01
w
MM
.'
21H
40
74H
105
7
0 il
85
100H
ll!05 13 '
220 220
UlS
4'i
Ml
07
Halt & Ohio H
Halt & Ohio pf 73it
Hum tiros.... iSil
tluttc & Superior flOvn
IluttcrlckCo 2SU
Cal Petroleum .......... 18
Cal Petroleum pf 4b1
Canadlai. Pacific
Central Leather
Chandler Motor 103
Ches ftOhlo tilM
CM Great West pf 35
Chi Mli' ,M I'aul U.i
Chi Mil & St Paul pf. ..127
Chi 11 I ftl'acli'c 17h
Chile Copper 20
Chlno Copper 51H
Cluett I'eabody & Co... 71.M
Col Fue a; Iron 17 H
Continental Can VOH
Ccrn Products Ref 14)1
Crucible htco 76l
Crucible Steel pf.
Cuban-Am Suear.
Cuba Ca'ieauuar o3ii
Cuba cane: sugarpf IMH
Diamond Match 110
Distill sec corporation. . 45
Dome Mlno 24
Electric Storasa Hat... CO
Krlo
Crle 1st tit
General Klcctrlc
General Motors
Uencru. Motors pi...
Goodrich II K
Great Northern pf. .
(l N cts for ore prop.... Mil
Clrecne-Cananca 40 1
4h
72 li
1BH
02
20
1H
1514
o
73
70H
04 a
2J
I8W
40
.177 177H 177
. 55M 65M 551,
KM
00M
35K
91 ii
120
mi
20
51U
70
47
07H
Uii
76
103
00
35),
113
120
17
20
mn
70
iow
Ii7)
14
74
4!i
73
70
03)t
20
Ml
45
177
oSX
103
110
35),
U.l
120
17)4
20
lil
70
40M
07)1
14
4
117K 117H lUii nm
14 2J0 230JJ 230),
51 6.1 'J ,)4
)MM 04), 04
11J 110 110
44U 44H Hit
21W ' 24 24)
03 C3 03
Mil 30 30)
f.2" 52)4 C2M
170) 180H 109H 10'Di
.675 675)i 537 575x
.122 12 m 122 121
, 71 72W 71U 715f
117J4 117 1H.H HtlH
37 Mil 30vj
4JH 4'i)i -rH
you
5if
Gulf Slates Seecl 75 73'. Tiil
Illinois central lOlli 101K 101
Insp Con Cop 65) 65H 54K
Int Agricultural 13 11 11
Int Aerlculturai pf 41 4H 40H
IntllarvN J pf 118H 118H 118
Int Paper 15h 'j 1
Int Paper pr Jl)i "1 70M
Int Nickel v t cfs 40 4I.K 40M
Int M M c of up mi 43 W 39!t
.Int M M pfc ol Jp,...10lH 104)i 10J 4
CloweiTea 01!i 01 DO
Kan City Southern 24'f 24H 24)4
Kelly sprlni Tiro 70-4 77, uji
Kennecott Copper 404
Ijck Necl 5)i
Ulco Erlo ft West 20
Uf Itubboi 1'iri 45
Lehleh Valley 7il
Loose-Wiles Biscuit 10
Lorlllartl P Co pf
Louis ft Nash
40),
75
19H
47
'9.
10
75
101
45
7S
10'f
r3
101
5
11
1"K
118
mi
70)4
40J,
42K
03H
0)
21V
70 'I
4J
75,
19)5
454
7r)f
10'4
,ii3 118M rsw ma
129h UU, 129), 12 i,
Maiwell Motors 81K 83 !
Maxwell Motors 1st pf.. SOU 85H 85),
Maiwell Motors 2d pf. .. 50 5".), 51H
Mcairaii Petroleum 102H 10)1 102
Miami Copper...
Mlssour. Pacillc
M Pac tr cfs
Mc Kan & Texas
Minn St 1 & SS M...
Montana Power
Nat Cloak ft Suit
Nat Enam ft & Co
Nev con Cop 1
New York A.r Urake.
82)i
80),
5)1
102),
MX
3W
33,
3K
34M 34h 34
. 'Jit 3 3)4
. UH Sit 33.
. 3SI 3M 3)(
.122K 1223, 122)i 12i3,
. 02 uln UlJi ulH
. 753. 701, 7HU 75K
. 24H 24), 2.)H 23 .
. 19), 10 18b IS),
.136H 1303, VMi 130! S
New York Contrai 1WH 103 102n 103
N Y N II ft II 69 6SH 6)4 58W
Norfolk ft Western. ....J20 12.)j 12fi)i 129)5
Northern Pacific .110
110
27J,
39H
27
284
52
11,9), 10l)i
253,
553,
3
20
28H
2Ji
'iSll
39)
20
2SW
Si
Pacific Mail 20H
Penna llallroad 65H
Philadelphia Co 39;,'
Pitta Coal c of dp 283
Pitts Coal Co N J 29
tressed Stetl Qir Cn ... 52V
Pressed SCar Co pf 101 H.lSf 101)i 10134
Pub a Corporallo N J . 131), 130 130 130
Hv ftleo. ap Co , 46'1 i0 45 1 4i3i
Haj Con Ccppe. 24)f 24), 24U 21,
Iteadlnc 1041, lOlH I0.IK 10iH
Rcadine2dpf 46 45) j 45V5 45)i
nepiihlic Iron & a 52K 52 ol)4 lu
Itepubllc Iron &Spf..,U3S 113H 11314 113H
bears Hoe ft Co 2(Uh 215 205 Ll)5
Shat Aril Copper 29 28"i ?7)f 2h
southern Pacific........ ll!S l)7( 7 U7M
Soulhern lit 23W 23). 2.1 23
Squthcrn Ky pf 08H OS 07)4 07)4
atudebakcr Co... 122)f 1243. 122Ji 124H
Tcnn Copper 21 21 23, 2334
Texas Co 104 192 191 191
Texas Pacific 12)4"
11)5
02W
40
97M
b
40
99)i
100M
10-1 IfrW
...140 140).
. . 103,' 1W
... 53 62
.. 110)1 HUH 100
0), li'i f)l
03W
.40
0735
8
40
.100)4
11)4
02
40
97)5
8
40
(O'S
11H
02)i
40
07)5
S
40
093i
Third Avenue. .
Irbacm Products...
T In City ItT
Union Das ft Paper. .
Union liat- ft 1' ol..
United Clt:ar Stores. .
United CMfrs pf 103
United Fruit
Union Pacific
U aOi P ft If.,.,
V S U I P ft P pf.
U a nd Alcohol. . .
IlnltM Rvs Inv Co
U a lluotwi 60)7 673X 50 60)5
U a Ilubber 1st pi HI 111)' 11035 IUU
USSmltftM 70)5 091 0-.il C8,
U 8 Steel Corp'n 00 OH 61, 'Jl
U S Steo. Corp'o pf U8 117)4 117)1 117
UUh Copper 82)5 82 81H S1H
Utah Securities.... 17)5 163f H3i UW
Va Caro Chem 41)5
1003 100M
103 103
130)5 140
1 35 19)5
52 .)2
HI
8U
Wabash. 3W
pi A 49)(
Wabash
Wabash pi 11. r. 27
Weal K ft M 6815
Wbee ft Lake Erie 4)5
Willys Ovenand 40
WIUvs Oterland pf 101H 104
Wisconsin Central ,...,,.. 49H 40
Woc4ortfl P W, ,..,., 130) 130
Wortnlngton Pump.,,,, b235 31)5
40H
1335
49)5
20)4
6SH
.431
40)i
30)5
13)5
1W5
20),
5b)5
4)i
15)5
101
48'i
130
31)i
0)5
13)1
i5
20)5
o35
4)t
15)5
104
49
130
31)4
Former New. Haven Officers Sued
NEW YORK. AuT. 30. Five stockholder
of the New York, New Haven and Hartford
llallroad Company this afternoon instituted
a liability and restitution suit against the
estate of Jt P. Morgan and former officers
and directors of the company, Including
"Wlllam Rockefeller and Charles S. Mellen,
asking; for mora than 160.000,000. The
complainants are Edward Adams, Julius
C. Morse, George C. Flak, James F. Ray
and Mary Clark, all of Massachusetts, who
hold bonds to the amount of 1,250,000.
LIVE STOCK QUOTATIONS
CHICAGO. Au. SO. Union Stock Yard, hog
receipts, 'JS.OOOnnarli.t for ooJ. a Irons) otbers
wk. Mixed and butchers. I10.204M1 -JO. sood
htavy. J10.70UH1.1B; rouab heavy. 1 10. 10
108O; nW iio.sasin.-.'o; pUs. JS.7iOP.UUj
bulk IIU.40O 11.10.
CATfUK Hectlpla. 13.000 head: market
steady to strong. Beeves, JU.13WI0.S3. cows
and heifers. JS.ISOP.'.'S. stockers and feeders.
IS.2307.TS! Texans. J8.SQW8.-10: citlvef, J10.C0
0 VJ
SHEEP IlecelpU. 20.000 brad: market
steady. Native and western, Jl.30U7.03; lambs,
189 10.75.
11 sji . , 1 sa,. 1 ,w, m
Spot WKeat Firm at Liverpool '
LIVERPOOL. Aujr. JO.-rSpot wljeat was
firm today, with No. 2 hard winter quoted
at 14a 2d and No. Z red winter at 14s id.
unchanged; NoT i Northern Manitoba Ha
Id, a sain of dj No 2 Northern Jlanltoba
14s 3d and choice white Karrachl 14s 7d.
Corn was firm, with American mixed fed
higher, at 10s JVsdi white Plate, was un-
changed, at Us 7d. Flour wax ucchauxed.
at BZs,
RAILROAD TROUBLE
MAKES WHEAT WEAK
Traders Fear Strike Cannot Be
Averted, and Selling Move
ment Cuts Prices
(JIIA1V nm.T WKATIIKR FOItKCAST
CHtCAnn, Aim, 80. The wenllier fore
enat for S6 hoiira follownl .... , ,
Illinois (lenernllr fair (onlalit nmt to
morrow, filthily wnrmfr lomorrow,
,. Sllanonrl (itntrnllj- fair tonltht nnd nroh
'fthly tomnrroiv, nllitMly warmer tomorrow
nml nortliet lonlaht. . , , , .
lllaronaln llfnfrnllr fair nnrl- domfwhnt
warmer tontrhtt tomorrow partly rloiidy,
prolmhlr unatttleil north, warmer east nnd
.tlln'nranta (Irnernlly fair lonlrht nmt to
morrow, except probnhlr iinaettlfd. north to
nlthti nnrmrr tonlitht nml aottthwext to
morrow, rooler nortlinect. . . . ,
lonn rartlr rloiidy fonlalit nml lomor
row, rontpffhnt warmer tonleht northeaat
nn renirui
nrn
.ami
.a., m.,.1 .n..(l. .Amnvrn.v.
nHh IliLn... r:An....llv frtlr tnnlelit ftnn
tomorrow, rooler tomorrow In entreme nortli
weat tnnlulit, ...
, Hotitli Dakota (lenrrnllr fnlr, lonlaht nnrl
tomorrow, Hnrmer tonlrlit northneat, cooler
tomorrow north nml .wejt, .... , ,
Nelininkii (.fiirrullv fair ionlalit nnl to
morrow, not much clinnre In jemwrsttiirt.
niinana 1'nrtly rlouily nnd nollly. Un
settled InnlKht, tomorrow Ktnrrully fnlr,
warmer eaat nnd south.
CH1CAOO. Aub. 30. Whent Imd nnothcr
sharp drop today nntl, nlthough prices nt
one time wero 140 to 'Ac nliovo yentordny's
close, tho nnnl flrjurcs showed losses of
4 Ho to 4?ic hut they were n point or more
above tho lowcRt of tho day.
Virtually tho only Influence was the
rnltroad strike situation, which necmed to
affect sentiment more thnn nt nny previous
time. The sclllnn wns general, led by com
mission houses.
Although rumors of n postponement of 30
days beforo the bcRlnnlnK of the strlko
caused n xpnsmodlc demand, tho lnrgo buy
ers seemed to ba holding oft.
Receipts In tho Northwest continued llh
crnl nnd weather conditions wcro favorable
for threshing.
At times during tho session tho largo
local operators took a hand In tho buying
side, but tholr activities generally came
when thero was a break In values.
Only small fractional losses were re
corded by corn, although tho market was
of a nervoUH character.
Oats were weak and at tho end showed
losses of to lWc
I.eadlnc futures ranged aa follows:
icsicruiiy
Wheat Open. Illih.
September .. 1.42U 1.4SH
December .. MM 1.47
.May 1.10 1.4l1a
,n.n ,A... ilnll.npvl
T.nw. rMna. ctnqe.
l.ai ' l.soH l.iaH
l.llji 1.42H 1.47,
1.4.1(5 !. tl.4l)
Heptembcr
December (
May
Oats
September
December ,
May
I.ard
September
Octolwr . .
December
nibs
September October . .
January .
Pork
September October . .
December
73 i
70&
$
47
Hll
77U
4-.H
ulU
Rrt
7!!
-r,
4lti
40
8SJ4
7ll'i
C0H
tK5
7.1
t7UT(
44i
t47.
tSlVi
..13.R7
. .1n.n1:
. ,13.h:
.A1.2B
.M.I.PO
. .12.80
..27.17
.211.112
23 SO
Did. tAsked.
13.1)7
14.02
13.07
14.37
14.10
27. .'."
211.11)
23. D2
13.82 13.BT 13,87
U.H7 113.H2 1S.P2
13,32 13.33 1.I.A7
11.25 '14.32 14.27
ll.ou tl4.ua M3 no
12,85 12.80
27.15 127.45
211.03 211.115
23.42 123.30
'27.40
2H.00
23.DO
COTTON ADVANCES
AFTER BAD START
New Buyers Quickly Absorb
Supply and Early Loss Is
Soon Recovered
COTTON IlEIvr lVIUTHEIt
NT.W YORK. Aur. 30 Precipitation wns
reported alone the Uulf htntea of the cotton
belt thin mnrnlna. Temperntiirei ranred
rThe follifwlnif temperatures were reported:
Nashville. OOl Aahevllle. Ht MemnhN.
itiilelih .mil Allnntn. llOi Oklabomi;. 1 ort
Hmlth. Mltlo Ilock. Chnttanooaa nnd Knox
llle. Ct Aujtusta. HnTannnh.Mllmlnr.ton
11ml Illrmlnahnm, 70i ThomnaTllle. -'-ton.
hhreieport, Han Antonio. I)jl lllo. Mcka
imrc? .Miicon nnd MontBomery.. 71 nmrm.
Mobile nnd l'cnancola, 70i New Orleans.
t'omiiK Chrlstl nnd Jackaonxllle. 78i (lalves-
,0Th??e was .01 Inch tt precipitation nt
Aahevlllet .02 nt renaarolai .M "f.1. R'
nnd Thomnavlllei .10 nt Mobile I .
Tnmpnl .28 lit Jnckonlllei .3 nt Jlont
aoincryi .) ut Atlnntyi .34 nt Aunistui
704 it New flrlennsi .24 at Italelshi .80 ut
IharleHtoni .SS at .Snannnhi 2.30 ut Corpus
Chrlstl. and 3.00 nt Han Antonio.
NEW YOnK, Aug. 30. In tho face of
bullish private condition figures the cotton
market this morning had nn Irregular open
from from 1 point higher to 13 lower, being
generally lower thnn last night.
Tho reason assigned wns unloading be
fore the bureau report, participated In by
Wall street, uptown Interests and commis
sion houses.
The supply was so well absorbed by new
buyers, however, that soon after the open
ing most of tho loss had been regained, and
at 10:20 o'clock tho market was only a few
points under last night's close on active
months.
Todny's reports Included the Journal of
Commerce. G4.3 ; Giles, 64.7, nnd National
dinners, rumored at 62.7.
There was rain In southern Texas and
cool weather in Oklahoma, with Bhowcrs
also In parts of tho eastern belt.
Tho market showed nervousness and Ir
regularity during the morning, but the
fluctuations wcro not as wide as they were
earlier In the week, while spurts of activity
were followed by. porlods of comparatively
quiet trading. In a general way, however,
the tone was fairly steady, and after the
early declines prices rall.ed to about last
night's closing figures on tho more active
months, while October sold four points
higher- Liverpool wan n good buyer of the
near positions, and on the advances there
was ev.dently further realizing for over
tomorrow's Government report. The show
ers reported In the eastern belt were con
sidered favorable, but thero was some divi
sion of opinion as to the effect of the
showers reported In southwest Texas, and
some uneasiness was caused by reports of
tropical disturbance near Jamaica. A can
vass of 64 members of the Cotton Exchange,
as to the showing of tomorrow's Government
report, averaged 63.3 per cent.
Yea final,, fined. 11 u..m. 12 m. 2 P.m.
in. IIS in ill) 1.1.11. la.iu ju.ni
ia..a id..- i,..,, io.i.
13.77 15. M) 15.83 15.71)
15 DO 15.1)3 15.95 13.30
111.07 10.08 1S.07
10. Ul!
October .
December
January
March . .
May
July ....
Spot ....
15.80
13.86
15. UK
10.13
10.05
13.73
Liverpool Cotton
LIVFnPOOU Aug 30. Spot cotton was
unsettled today at 6 points decline on the
basis of 9 52d for mlduplands. The sales
were 6000 bales. Including 4000 bales Amer
ican, The receipts were 1000 bales, none
American. Tho market for futures closed
tjulet and steudy nt a net advance of 708
points.
Cotton Buyers and Sellers
NEW YORK, Aug. 30. October SIo
Fadden, Freeman. Sellar. 1 licks, Itosen
berg and II. Hubbard bid; Oeran. Fllnn,
II, Hubbard, T. T edenberg, Schill, Rlor
dan offered.
December Deardsley. Mitchell, Rosen
berg. Lowensteln. Wilson and Newman
bid j Hagedorn, Brooks, Moulson, Hartcorne
and Schill offered.
January--Glfford. Sellar, Parrott, Free
man and Lowensteln bid; Morrison, Hage
dorn, Hentz, Shutt, Watklns, Marsh and
Rountrea offered.
March Downs, Hagedorn, Sellars, Wil
son and Watklns bid; Schanz, Hentz and
Jay offered.
May Rosenberg. Lowensteln, Bartlett,
SchIK and Smith bid : Ilagedorn, McEnany,
Brooks and Schull offered.
July Sellar and Hentz bid; Schill and
W. Gumocns offered.
DIVIDEND NOTICES
TUK AMERICAN OAK COMPANY
C.V31UEN, N. J.
Auxust IS. 1B18.
uarterly dividend of 2. or M.00 per share,
leen declared on the capital stock of this
Company, payaow pieiuoer ii, tsis, lo me
stockholders of record at thre o'clock p. m..
iuzuat 1U, I""- Cnks lll be mallei
Treasurer.
A aw
has be
DIBECTOBY 0J ACCOUNTANTS
Ceriuleii Public Accountant
LAWBENCK B. BIIOWN 4 CO.
1419 BEAb E&TATS TBUST BUILDWa,
f Sales In Philadelphia j
Nel
Illnh. I.nw. Cloy. clKte.
10 Am Smelt, ofl os nfl
875 Bldkoc pf 10114 101 W 104H '
38 !) & S t C. 4Ti nTfc 11
00 Urlll J 0 3J 37 37 Vi
200 Klec Stor. . 0V4 0SV4 B V4
000 Erlo ... . 86 38 3(1
ISO Gen Asph. 80 29 21) V4
110 Int M M ct 43 41V4 43 2
1 Key Tel .. 13 13 IS JV4
1 do t o pf 08V4 3V4 '4 V4
10 Leh Nrv .. 73 in 73 M
24 Leh Vol .. 78 W "Vi 'W ai
07 h V Tr pfd 42 V5 42V4 42V6
230 Nev Cons. 10 IBtf. 10
4BO V It II 85 8SV4 W
30 Pa Knit M.IOO 100 100
310 PUT tr cfs 20 10?i ' 1014
100 Itwy Stl Sp 40 48 40 Va
003 Reading... lo I iy, 1034 104
1170 Tono Hoi 4 5-16 4 3-18 4 310 1-18
W
40 Tono Mln. 3 3
23 Union Trnc 44tfc 44
,37 Unit O Im asr, 8B
4883 If H Steel OOtft Ot'A
143 Cramp fz S 78 77
23 York Rwy. 13 13
IIONDH.
ltlern. Low.
83000 An-F 1. 6s O.iVi 03 Vi
looo City 4s '46c.lt)l 101
200 do 1043,101 101
1000 Hnr 0 6s. 101 101
2000 K T 1st 68 08 06
3000 J F & C 4s OOVt 00 Vi
3000 Loh V cons
4V4H 200,1 00 00
3000 h V C 68.104V4 104
1000 P Co cs Dn.100 100
41000 Phlla El 4s 84 KiV,
18000 do Es ..104 101
2000 Read Rli 4s 03 OS
1000 W N Y &
Pa gen 4s 8 4 84
Decrease. Increase.
44
88
00 V
77 2
1
13
Close.
03 V4
101
101
101
08
00
Net
CllB".
00
101
100
81
104
03
81
1
Local Bid and Asked
Duff and Suaq. tc . .
rto pref
Drill .1 O
llaldwln ,
Klcilrlc (Storage . . ,
(Jenernl Asphalt ..,
do pref , ,
Kcjstono Tel
do tr ctfs
do pref
Lake Hup Corp . . . ,
iHshlch Nav
I-ehluh Val
Lehigh Vnl Trnn . . ,
ilo pref
I'ennsj Ivnnln
I'hlln Hlectrlc
rhllnilelphln Co ,..,
do 5 per cent pr
do 0 per cent pr
I'hlln H T
Ilcadlni;
Ycaterdny'a
Uld. Aaked.
Today's
Illd. Aakeil
. . 4ii an , 4H r.o
. . nil on 57 00
,. Jtl 7lj4 77J4 77H
. . (13 II.'. 4s II. M HUH
, . 2HJ. 30 20 H 30 i
, , ll lll)i Itllt llll
,. i3u H'4 1351 im
,. 134 14l 13i 14Vi
, . as 1111 on 011
,. 10 11 10U 11
70 711V.
21
An
7s4
21
43
S2tt
nr, s r.is n.ijj
1'84 28 S8W
40 h :i'iu in (4
an
40H
11
Soli
HitUS 103H 101M 104.
FOREIGN EXCHANGE
NEW YORK. Aug. 30. Tho fcattiro of
tho foreign exchnngo mnrkct today has been
tho continued strength in rubles, tho quota
tion having ndvanced to 34 $4 as against a
closing of 34 yesterday. This Is due di
rectly to tho heavy transactions In tho Rus
sian Internal GVas, of 1926.
Thcso bonds less than 10 days ago wero
offered nt tho prlco of D300 for each thou
sand ruble bond, hut had advanced up to
the closo yestcrdnylo $340. Tho heavy sup
ply which was offered through a number
of leading bankers and institutions at tho
low prlco referred to was wholly absorbed
within a few days and for tho last day or
two thero has been considerable speculatlvo
Interest both In tho bonds nnd In Petro
grad exchange.
Demand sterling was quoted at 4.75
and cables, 4.76 7-16. Franc checks wero
C.89 and cables, 5.S8V4. and relchsmarks
checks, 70, nnd cables, 70 13-16. Aside
from the strength In rubles tho'market wns
dull and Inactive.
RATES FOR MONEY
.. . ' Call... Tlnv
New York z waft
Philadelphia 4
Hoston 8
Chicago 8H Ol 4
Commercial paper. thre to all months,
delphla, 4U 4H per cent.
2 3i
4MB5,,
4 Hi
Phlla-
, BANK CLEARINGS
Bank clearlnas today compared with corre
sponding; day last two years:
1018 1015 1014
rh!ladelphla..!37,l74,r,3n J30.777.03R 433,545.570
. tH.lllia.MTt '.42,J.ni)0 20.88!. 024
Itoaton
New York
St. Louis
.41H.73H.BH7 342,442.'24U
. IS.044,553 12,120.304
130.1 07. 2S0
NEW YORK COFFEE MARKET
.NEW YORK, Aug. 30. Tho market for
coffee futures opened 2 to 11 points lower.
Trading on the call was only moderately
active with sales of 4 GOO bags.
Today's Yesterday's
August ...
September
Octobor . . .
November .
December .
January ..
February
March . . . .
April
.May
Juno
July
opening".
0.2300.28
0.3309.35
6.'4'6e0.43
I).'43O0.50
close.
0 274P0.28
t).27fD 28
D.27W0.28
D.27l).28
I) 270.'JS
11.31 l).32
tl.a.100.30
ll.:llltfll.4ll
n.448n.43
ll.40WO.50
0.540.55
1). 5800.39
BAR SILVER
Bar silver today In London was quoted
at 32d, an advance of 3-1 Bd.
Commercial bar sliver In New York was
quoted today at 67 Uc, an ndvanco of ,c.
DIVIDENDS DECLARED
Rleotrlo Properties Corporation, regular
nuarterly of lA ner cent nn Dim tir,ru,..i
stock, payable September 10 to stockholders of
record August 31.
.Montgomery Ward and Company, reualar
nuarterly of 1. rjer rent nn th. nprn..n.i nn...
able October 1 to stock of rc-.-rd September 20.
Muckay Company, regular quarterly of 1 per
cent on preferred stock nnd l'i per rent on
common stock, pawtble October 2 to stock of
record September 0.
nan, ncnanner & Marx regular quarterly of
1 per cent on tha preferred stock. paabla
September 3d lo holders of record September 20
A Financial
War Map
of Europe and Asia
has just been prepared by
us. This map gives the rela
tive areas of the belligerent
nations and statistics re
garding their national and
per capita wealth, income,
debts, and other important
data. A complimentary copy
of this map will be sent on
request to investors inter
ested in foreign securities,
A. B. Leach & Co.
Investment Securities
115 South Fourth Street
Philadelphia
New Tnrk Chicago Buffalo
uamniore
sri jew inm w
II lloelon (.nnrinn,
iliium i uiii iiuuuun.ire
Bruc.
Edward B.Smith & Co
Establish P 1892
BANKERS
lsmtiere Jfstc fork oaa PhtladtleHo
Stock Jlzthanpe
1411 Uuistndt Snirx, fnn.4Dii.riiu
go Pins Unin. Nsw Voia
Crazier 6- Gx
INVESTMENT BANKERS
Broad and Sanson Sta.
FINANCIAL DISTRICT Wi.TCH$ LAB0B
SITUATION AND STOCK TRADING LAGS
General Feeling is That a Strike Will Be Averted Toiio-
pah Belmont Declares Usual Quarterly Dividend.
Movements in Prices Are Narrow
The financial district In this city totliy
devoted the greater part of Its attention to
the controveniy between the railroads nnd
the employes, nnd therefore there was very
llttlo business done on tho Philadelphia
Stock Kxchnntre. "Whllo the Street ns a
whole rewards the situation with more tim
idity thnn heretofore, there Is nn underlying
feeling Hint n strike will yet be averted,
Announcement wns made of the declara
Hon of tho rcKulnr quarterly dividend of
12U per cent on the etnok of the Tonopah
Ilelmont Company. The dividend Is pay
nlile October 2 to stockholders of record
Kcptember 16. The company's stock made
n Hiuall fractional response to the dividend.
During the morning session on tho stock
exchange shares of only 12 compnnles
chnnged hands, nnd there were only five
bond Issues to sell. Price movements were
narrow and were unchanged to a Bmall
fraction, under the last previous sale. The
market hero simply followed tho trend of
Xew ork.
Mnit nctlvlty wns shown In Unltod States
Steel common, nbout 3000 shares changing
hands during the morning. After showing
a loss of more than a point tho stock re
rovered thft greater part bi the decline be
fore rntildny. Philadelphia Itaptd Transit
trust certificates were "unchanged at 20, as
were Philadelphia Electric Is. which were
the mont active In the bond division, more
thnn $36,1)00 worth being sold,
Nothing of Importance transpired In the
nfternoon sessl6n, No Interest tfris taken
In any Issue. Oeheral Asphalt eommon
which Svis weak In tlie trading" yesterday,
sold up ri half point' to 20, United das
Improvement lost , nnd fractional losses
were recorded In several athtt Issues.
LOCAL MINING STOCKS
TONOPAH STOCKS.
Old. Asked
Jim Jluller 81 .8(1
MnrNatnnra (1.1 ,WI
Mldn-nr , , 18 ,80
Mlzpnh Extension .If) .20
Montnnn M .2(1
North Hlnr 14 .Ifi
Tonopah llelmnnt 4H 4'i
Tonopah Extension S r,i
Tonopah Mlnlnff fi'-i OH
Rescue Hula ,. ,Ti .2,1
West End T .81
, aoi.DPIKLD STOCKS.
Atlanta ID .11
Illuo Hull 02 .03
llooth 12 .14
IIUlMoir m .02
COD 03 .01
'"omblnntlon Fraction 03 .00
Dlnmomineld II H (12 .03
Daisy 02 .04
Florence na .06
OoldOeld Consolidated 80 .82
(InldPalJ Merger 08 .00
Jumbo Extension 00 .B2
Kewnnas lo .11
Oro 04 .OS
Hnndnlorm Kendall 0." .lis
Hlhcr rick 17 ,lg
MISCELLANEOUS.
Arizona United 4S ,.60
Nevnda Hill 18 .20
Nevada Wonder 2.10 2.10
Tccopa Mining; 10 ,12
SECURITIES AT AUCTION
The followlhg securities wero sold
auctloh today' by flnrncs ft IjOfland:
riTbCKfl,
40shr. franklin Trbt Co.lfcar $50...
20 shrs t;stAwissa itnuroan km.
nteferredi par $00 ......i..
04 hm, catawlnsa llallroad Co,
preferred: par jap ., ,.. ......
13 shr, fatawlssa nnllroad Co. second
Dr
2 shr
first
first
nt
OStt
83
R2H
preferred: par UO.ii.iujuiii 62
rs. Host Mahanoy rlallroad Co.! par
hrsi. Mftio'll'lll VnA'pcduVlkfirHavin
ttAllrnsd lo. ! tlAr. If.O,, ......... .,
IS shrs. Mill Creek anJ Mln Hilt Navl'
ration nnn naiirpnn.v.o. . .1. ......
n mUM aK.iviklll V, ,V rCkvlmllrtn and
.. c.r. ....""'"., '-'"-i jv '-- -
on
203
r liOO 411
1 shr. First National nank. I'hlladel-
aw
ration anfl HMlrontl. CO. .. i ...... .
rs.'riehuylklll Valley, Navigation and
rtalirosd Co. f nar IfiO.. . ,.,., , ...
0 shra, Hroad Street Bank! par 160,.,,
l spr. nana or .-snrin an
i stir. Central National
SOU
B7H
EOVt
I shra, iiroaa otreei uanai par ibu,,,, ""
linnK oi .tnrin Anirncni par 9tw o
central National iiansi par iiuu
Money and Discount at London
LONDON. Aug. 30. Monoy on call was
4H per cent today, unchanged. The rate
of discount In the open market for short
and threc-monthn bills was 514 p5 per
cent todny, unchanged.
phta: par SlOO.., ... .-
11 shra. Franklin National Drink; par
$10O , . .I,,. ,,...,). fi.,.1.
IS Shrs. reopie-s Trust uo.i par sou. .
17 shrs, Philadelphia Warehouse Co.! par
1100 .. i .,..,,...., .....j.,
B shrs. Atlsntln Cllr FJre Insurance Co,
Atlantic Cltr, N, J.: par $loo
10 shrs, Clermantown (4th and 8th Sta.)
Passenaer Railway Co. ......."
KTshrs. Beeond and Third Streets Pns
sener Itnll-ay Co. , ... .. .......
1 ahr, Jtldae Avehue Passenger Hallway
Cob i. .,.,,..., ,b
4 shrs. t)e tnn Hook and Bra Co,:
par $100 . ,.,-..,
188 rlrhta to subscribe to It. K. Mulford
Co, nt J.'.o: par..
10 shrs. phlladelDhla Uourae preferred;
par $2S . ,A -... ... i ..
4 shrs. Philadelphia Hourse common: par
'Jo
$R0
120
2S0
105U
242
23T
81U
BU
31
8
4 per
101
103K
BONDS.
$2000 LehUh Valley Railroad Co.,
reni. i irsi rnoriKAae, uoupon
June and December. Due 104A.
2000 Lehlxti Vnlley llallroad Co.. 4 per
cent. rirsi moriaaxe. jnieresi
Juna nnd December. Ileglstered.
Due 1D48 ,, 101H
1000 Northern Central Hallway Co., B
per cent. Second general mort
rase. Merles -n.- January ana
juir. ijue lvo i ...,..
1000 Lehlrh Coal and Narlcat on Co.,
4 per cent.' "Fundlna; and lm
srotement." coupons January
nnd July. Due 1048 ...........
1000 Philadelphia and Ilendlnr Hallrond
Co.. 4 per cent. Slnklnr fund.
Gold. Coupons February and Au
gust. Duo 1032. (Ouaranteed by
I'nunaeipnin nna iienainx' vai
and Iron Co. nnd neadlnjr Co.).
A per' cent. First mortcace.'
Coupons May and November. Du
itioa
BT
SOH
82
International Mercantile Marine Company
(International Navigation Corapaiy)
NOTICE OF ABANDONMENT OF PLAN OF REORGANIZATION DATED
AUGUST 3, 1915, AND OF THE ADOPTION OF A NEW PLAN
To the Holders of
Certificates of Deposit of Tha New York Trnst Company as Depositary
and Its Agents, Issued under the certain Deposit Agreement, dated
October 2, 1014, for Fonr and One-Half rer Cent. Mortgage and Collateral
Trust Oold Ilonds of International Mercantile Marine Company) and
Certificates of Deposit of tho Fidelity Trnst Company ns Depositary and
Its Agents, Issued under the certain Deposit Agreement, dated November
12, 1014, for First Mortgage Sinking Fund Fire Per Cent. Oold Bonds at
International Navigation Company (now International Mercantile Marine
Company) and
Certificates of Deposit of The New York Trnst Company aa Depositary
and Its Agents, Issued nnder the certain nan and Agreement ot reor
ganization, dated August 8, 1013, for preferred and common stock, or
htorlc Trust Certificates In respect thereof, of International Mercantile
Marine Company.
All oisnld Deposited bonds. Stock, nnd Stock Trust Certificates are now
held by Hie Committee under the Flan and Agreement of Reorganisation
of International Mercantile Marine Company, dated August 3, 101S and
To the Holders of
Undeposlted Four and One-naif Fer Cent. Mortgage and Collateral
Trust 'Oold Honda nf International Marine Company and
First Mortgage Sinking Fund Fire Ter Cent. Oold Honda of Interna,
tlonul Navigation Company (now International Mercantile Marina
Company) t
Notice Is hereby given that the Plan or Reorganisation dated August 3,
1916, has been abandoned, and In place thereof this Committee has ap
proved and adopted a New Plan for tho readjustment of the debt of Inter
national Mercantile Marine Company (hereinafter termed Marino Company),
which New Plan has been prepared nnd adopted by the committees repre
senting respectively the preferred stock and the common Mock of the
Marine Company. A copy of the New Plan has been or will 'be filed with
the Depositaries nnd their Agents acting under said Agreement, dated
August 3, 11'15, and notice of the filing thereof is hereby given by' publica
tion as provided by suld Agreement, dated August 3, 1915. All holders of
Certificates of Deposit who do not, within ten days after the last publica
tion of said notice, notify In writing the Depositary or its Agents Issuing
such Certificates of Deposit, that they do not assent ta said New Plan
will be deemed to have assented to said New Plan, ahd will be bound
thereby as fully and effectually as if they 'had personally, individually,
and ahirmatlvely assented thereto. Prior to the expiration of said period,
non-assenting depositors may surrender their respective Certificates of
Deposit, to the Depositary or its Agert Issuing the same, nnd may with
draw the securities represented thereby upon the payment of. their share
of tho expenses of the Committee to date of withdrawal as apportioned
by the Committee, which has been fixed by the Committee at 'One Per
Cent., viz.: Ten Dollars for each One Thousand Dollar bond and One Dollar
per share for each share of preferred or common stock, or Stock Trust
Certificate In respect thereof withdrawn.
Holders pf the First Mortgage Sinking Fund Five ,Per Cent Gold
Bonds of International Navigation Company tnow International Mercantile
Mailne Company), and of the Four and One-Half Per Cent. Mortgage and
Collateral Tiust Gold Bonds of International Mercantile Marine Company
who have not already deposited their bonds with this Committeejimay
obtaln the benefits and advantages of the Bald Now Plan by depositing
their bonds, together with all unpaid coupons, ,ith th Respective De
positaries of the Committee designated for that purpose, Or their Agents,
on or before September 15, 1916.
This Committee will not receive further Deposit or Stock or Stock
Trust Certificates.
Copies of the Committee's circular containing full details of the New
Plan may be obtained from the Secretaries or Depositaries of the Committee.
Dated, New York, August 26, 1BI6.
DErOSlTAHIKS AND TJIEIB AOENTS
For Four and One.Half Per
Cent. Mortaaie and Collat-
eral Trust Gold Hands.
For First Mortsaaa 8lnkln;
Fund Klv Fer Cent. Gold
Hands.
For Preferred A Common Stock
and
Stock Trust Certificates.
Becretnrlesi
C. K. HATDOCK.
2d Ilroad Street.
New York City.
T IIOMEH ATHBRTON.
32.1 Chestnut Street,
Philadelphia, Pa,
HOBNBUJWEn. MU.r.EH. POTTER EAHU5.
MORGAN, LEWia & UOCK1U8.
Counsel.
THE NEW TORK. TRUST COMPANT. Depositary,
2o Broad Street, New TorkXitr. '
LAND TITLE ft TRUST COMPANT, Agent.
Philadelphia. Pa,
OLTN, MILLS. CUHR1B ft CO.. Agent.
67 Lombard Street. London, England.
FIDELITY THUBT COMPANY. Depositary.
Philadelphia. Pa,
BANKERS TRUST COMPANY. Agent.
Val Street. New York City.
FIDELITY TITLE ft TRUST, COMPANY. AwnL
Flttsburab, Po,
THE NEW YORK TRUST COMPANY, Depositary,
6 Hroad Street, New York, City.
-FIDELITY TRUST .COMPANT. AltnL
.rnuaacipnia. ra,
ADOLPII BOI8SEVAIN ft CO.. Agent,
Amsterdam. Holland.
QI.YN. MILLS. CUJtlUB ft CO.. Aisnt,
dX Lombard Street. London. England.
OTTO T. liANNABD,
ANDREW i. MILLER.
FItKIIKUICK H. rJIIIl'MAN,
MONEY F, TYLEM. '
ALIIERT If. WIOUIN,
I O. MYKRS,
WILLIAM F. OEST,
T. DsWITT CUYLEH.
SAMUEL F. HOUKTON,
CHARLES D. NORTON.
GEOHOH 8. HHEWbTEH,
UENJMIX TAW,
CommlttM.
a,
Brown Brothers & Co.
Fquktii and CmurtKVT Streets
PHILADELPHIA
Securities and Income
We take charge of securities and collect income for persons desirlr
to be relieved of such details, crediting an accoukt subject t ck
or remitting ainounta collected,
Mi