Show I FINANCIAL and COMMERCIAL PY fly THO THOMAS C. C I IW New W fY York Vork Oct 19 The The hf collapse if f Catura feature tea fea stock the on one Third Avenue was ont lure ture of trailing trading In Wall Wail ni street toda today the Lie when selling at nt 37 This Issue was market opened and It made mado a n low price of in the time last hour Selling Wu UI and amid It Is I believed due clue to conditions I eJe ed assessed at will to be assessed th the stock wil lt nave least 25 n a share If It the thc stockholders tokho 5 of their propertY proper can g gt get t pO possession Even after th the assessment I is paid thu hu stock aCor will be bt worthless as except for tor forthe or orthe Il the control of or the as It willbe win will wi be many years before the road can cando cando than titan CiT Its fixed charge charges do more mor pa pay Is Th The Ilie other othOr local tractions here bore were went weak In sympathy The only other Incident of oC moment nt was wu the sharp harp rise In iii th the price of gold Kolt on time the London market t Franco France has haR been taking all al the gold old lately apparently ap ap- of at financing inane inane- In anticipation some sonie log ing n for or Ru Russia ln and as o n safeguard against possible wn war r in II th the Balkans of the for tor War Ir was Wf out o question I France Franc is the only nation with wih enough ough money to go to battle The excitement excite excite- mont ment in gold Johl however howE er started l solon somo lm serious talk Ik for Cor exports exhorts from N Now New w York It IH is not probable that thai the tho ex experts cx- cx x ports will I b be made because of or the heavy henvy I outflow of or commodities An n Ill advIsed I hull buth bul campaign l is 18 bo- bo Ini- Ini conducted In cotton coton I h by a R former ki king n g. g The rime crop movement InO t Is us In iii to full IL swing just JURI now 1101 arid and bal bales s are ale I RUt w week k The rooting i to n market every Cn weight of or this his Is ton tOi nu much h for 01 or the I speculators In itt view vie of ot tIme the fact act fACt that I has line been destroyed by hy bythe bythe public trading hen the thE option anti anti opton laws of of th the South I Further r disclosures from Crom steel trust h headquarters now flea no make malte It I appear appeal that th the fort forthcoming quarterly report report will 11 show how not net earnings 1 of or about 26 This Is II at It least leat a million milon more moore than thon had har beon hicen n I-n expected The steel hal shames S do not show any remarkable strength th Insiders Insider promise a n. sharp harp advance between be lie- tweed tween now and election because or order orders orders or- or ders der for fol thousands of ton tons are nire bet he on nn th the tho f election The curt curb market today drifted Into Cobalt shares with LaRose and Cobalt the leaders lende In poInt of activity act There were no advances anywhere anywhere any any- where here on the time list hint In to tho h lii Sheet li I Number of shares sold today 23 against aln t a I year sear ear a ago o. o Par lar value of ot bonds sot sold today 2 R against n 0 year ago JO O ln Owing to tie tle requirements reQuirEmEnts of ot hr various commissions created by hy th the national and nd state governments the United States State Express company compan an announces an- an nominees In I Its 1 report for tor the year ended June 30 that the express business has 8 suffered severely and md that because of ot a shrinkage In Its Is net earnIngs earnings earnings earn earn- ings It I Is 18 unable to declare the lie the customary custo cuto- mary marginal inal dividend of at I p per ner r cent cent The rt regular semi annual dividend hI nr of or 2 per c cent nt however was announced and Is hI payable November 16 15 If to stockholders stockholders stock stock- holders of or record O October lober 31 31 31 Plans for the Southern Pacific non new nonstock ne stock Issue are rt Si said Id to tn hA he developing de rapidly So far a I as as tim the tho rumor can eRn discover discover dis dl cover pr o to date Mr Ir harriman Intends to toe out stock retire tip preferred at at offering common stock at par parIn In payment The Tue ThE common took stock I Ithen Is then to ho bo put on a 6 G per cent dividend basis bosl Northern Pacific WAS strong on the belief that lint nn an e extra tra dividend of sonic some Iome kind will 1 ha be paid Immediately l' l after the Presidential ele election The rho company rom com pany pans has bas hOE about abolt cash h on hand derived from the e sale of ot securities ties amid nuri from from surplus Of this thI It Is IA understood about 1 Is 11 by rights the hr P property of at the te old stock stock- holders holers When the new stock was Is Issued IIII is- is II- II sued II time the l' l right I sh t was specifically T re reserved reserved re- re served pd er t to declare an n extra dividend nd to tOe the old stock so that I If such a ln is jl done don the new hew stockholders stockholder cannot com corn plain It I seems Incredible however that with wih the Northern Pacific needing needing need need- Jn ing improvements d desperately and ant wiLl money monor 30 hard to obtain a a. cash dividend din divi should be hr bl paid It I i Is more like like- Ike- Ike Iv lv that If anything at t all al Is II done a. a stock stok bonus will wil be e given I cn representing the cash which will wil he be left in tie tiet tle t treasury teas u ry flange of rr Prices Quotations received over o private ate wire of or ame James A Pollock Co hankers bankers hankers and brokers 6 G West cst Second South street I H. H I 1 L. L Sales Am C Fd O OAm Am 56 86 Am Loco 50 o 9 Alon ag 3 I Amal Cop Cop 75 51 j 38 Anaconda a Cop H 43 00 Atchison OR Bait and 0 97 n n 9 0 Bai Brook ant R T S it 2500 CanadIan Pac 1 1753 i l' l 17 00 ChE Chos and 0 2 42 42 1000 e C. M I and nd St t P. P P. P 1384 1383 Cob Colo F and I 35 35 1600 ErIc 30 Con Ga Ga 1 1443 15 00 It Gt North 13 11 1311 1313 tU 00 Louls nn and N 1063 1063 O Miss s Pac 1800 1500 M I K IC and T 30 0 1000 do 10 66 Gi 2000 New York Cent 1043 1043 1043 10 N Y Ont and W W. 41 4 oa 40 4 Nati cad lad S 81 1300 Nor 01 at Pac lac 1433 13 UH 1413 1 1241 24 1233 1233 1500 Reading 1313 1303 Rock Island Illand 31 io do 47 a 46 f 42 2 South R 2 South Pac 1044 Union Pac 1671 1231 1663 U US S Ste Steel l 16 do 10 pr 1081 1081 1600 Utah Copper H 41 41 Tennessee Cop Hit I 44 4 HI 4 Newhouse 66 Gel s 6 5 Si Mon Money closed Coed 1 U per con cent t. t Total sales t I |