The Wall Street Journal from New York, New York • Page 2

4 HE TOLL STREET JOURNAL MORNING AND KVETHING COITIONS Published by DOW, JONES fi. CO. 1 W. MARROW, rmUnt Vagtl Bancroft Secretary. Joseph CMhman, Bread Street, Kew Tata.

i Telephone: Broad One. $12 yearly, 91 monthly, or lire cents dally, for either edition, poetage paid In the United States, Canada, Mexico, Puerto Rico, Guam, Philippine Islands, Hawaiian islands and Cuba, Foreign poitag-e a year additional Aiimw changed on request; always give old address. AdTertieeiaeMii Hates will be furnished by us or any responsible advertising agency. Entered In second-class mall at the N. T.

Post Office. Thie Paper Has a Larger Circulation Than Any Other American Financial Publication, The truth la It prefer aae Van li the creature of circumstances. Circumstances are the creatures of man. Banjamln Disraeli. MARKET DIARY 1815 Saturday, Jan.

30 Strong, 1914 Saturday, Irregular. 119,695. Sales of stock 877,039 0,088,245 Since January 1 10,135,747 11,049,500 Sales of 156,046,500 Since January 1.. 12909Ji0n S88J16.500 I. Price Up Off Sales Stocks Salet Price Ud OS 53 88' 48 158 73 12 1 15700 77 14 'l Vt 94 200..

Am Beet Su 300 27 3400.. Bethlehem St 200 36 1070O 219 1 6000.. Mex. Petrol. 4100..

Missouri Pac Haven 23600.. Reading 4150.. Union Pac. 1577. 6300 67 2500 28' 900 75 29300 1 27250 164 70900 66 50 1' 145 119 1 40 91.60 .80 76.09 .59 151 3 82 1 156 9i 8.48 6.14 4 24 34 Average 20 railroads Average 12 industrials Chicago May wheat .109.43 14 82.85 .05 92 66 .100 New York May New York March cotton.

New York March coffee. 12.33 9.18 Call money renewals Time money ...24 Commercial paper ntti" Sight sterling 4.8.701.8."7r DAILY MOVEMENT OF AVEKAGES Following In the dnily averajre price of twenty rail way stocks and twelve industrials for the period indicated 12 ladmtrlats Last high point. 21, '15, 7S.41 Last low July 30, 'li 71.12 High, 1914 Mar. 20, 83.43 Low, 1914 30. 71.42 SO ttallnnrs Jan.

21, '15, 94 05 Dec. 24, '11. Jan. 3u, 109.43 Doc, 24, 87.40 son.it. Adv.

Dee, i 131ml. Adv. Due. 7S.09 Tuesday Wednesday Thursday Friday Saturdav 26 27 28 20 30 93.70 92.21 92.52. 00.80 91.

GO .47 76.57 76.60 76.0!) 1.49 i .03 .31 1.10 1.72 1 .80 MI.MW! It OF Til A VK.II At.KXt Dec. 12 60.00 Now C8.16 85.51) 81.75 HOCK ISLAM) Uooree Understood to Hold About All Their Original Pur. i chases Earning Fixed Charges- Chicago While it is authoritatively stated that D. G. Reid has sold praetL-ully all his Rotk Island stock, the Moores claim to hold practically all their original pur i chases.

Judge Moore is reported to have told a Chicago i raiiroaa omciai recently that ho owned the same amount uPI ten or jears ago, anu mat he had mode no money out 01 uie Toaua. savw.B we us. OUJ si twn lOIOIIU 13 IIUW CH III- ing all its fixed charges, and all that can be spared is going into the property. Gross earnings held up fairly I well until the third week in January, -which showed a slight decrease. 111 1 i NEW PUBLICATIONS mininc costs of THK world Three years were spent by tfie authors of this- prac-! tieal mining pocket-book in compiling and arranging their I i i i 1 I material, and the result is a comprehensive collection of nm utulwi P'k ru prwunon as mucn as the cost data the world's mines.

The book is not a stel Produclion' last week the Carnegie Steel corn-discussion of costs, such as Finlay's valuable work "Tho! pany Iecreaaed its Di lron atock8 21'000 ton and at; Cost of Mining." Ita purpose is to bring together in one the Mnie timc ordered five additional furnaces into blast, i volume information needed by 4he engineer, superintendent, Mnin lts total in blast from 23 to 28' wt 8 lto- mining expert, investment house and the individual in- ether- 'vestor who wants to know something of the costs of the Slecl prioes hlT not at any P01" while hoP8 1 mining property whose securities he is thinking, of buying. have advanced $1 a ton and one large interest, Republic, i of this information is contained in the annual re-1 ha8 advanced bars $1 ton to $1.13, being expected other ports of the mining companies, but in such a form as to milU wiU 8 -ew days and 0184 plate" and i ibe almost inaccessible to the ireneral nuhlic m.i, the data had to be gathered from foreign sources or cal culaled from operating and financial statements and pri vate note books. in- inree nunuieo anu iwemy-iive -companies are I At. 1. 1.

i uuuea in lib uuuk. American copper mines occupy an important Place, but there are also fiure4 for such vril i I enterprises as Australian copper mines, Alaskan goM P' iron pr.iccs are "teady- mines, the diamond and gold mines of South Africa, the! great Russian mining properties, and other mines scat-' AMEK. LA FKAXCE FIRE ENGINE tend over all parts of the earth. The several items enter ing into costs are shown in great detail, and in nearly ear ihe 1ost Profitable of Any, and the Common every case comparisons of from two to four years arc Gets Initial Dividend given. It is the purpose of the authors to bring the book up to date again in about two years.

American LaFrance Fire Engine Co. has declared an The following estimate of costs per ton of ore of Inspiration Consolidated is of interest in view of the ap preaching entrance of the mine upon the productive stase. The estimate is made by the company's engineers, based upon treatment of 4,200,000 tons" of material a year, producing 25 pounds of copper per ton, or an annual production of 105,000,000 pounds bf copper: Mining, 60c; milling, BOc; general, transporting ore to mill, pumping water to mill, total, smelting, refining, freight total $2, or 8 cents per pound of copper produced. Anaconda publishes no statement of costs, but the following approximations are made, as of December 31, 1913: Mining' including development, per ton wet transportation to reJuctioh plant, per ton wet 31c; reduction expense, per ton dry, freight refining, selling, 67c; administration expenses, taxes, per ton dry, predation of mines, plants and smelter, 14c; total, $6.83. The book contains nine maps and an appendix of nuscenaneous matter, and is indexed.

Mlnlos Costs of the World: A Comnllntlnn of C'nt an Other mooi rtant Itn on tlie Worlds Principal Mine. Jtr Krimond MortiHi Mklnner, I'h. H- t- M.r and II Robin- mnn Plate. MtuluSt Kr.sloecr: pp. iw.

MoUraw-HIU Book feaeb ATCHISON EARNED OVEt 5 ft ON COffiON IN SIX LIOMS COMPANY'S NET OPERATING IN HALF OF THE FISCAL YEAS WAS THE -LARGEST ON RECORD Gnu Revenuu Topped Only byThote of llPer Mile Earning! Comparisons Taxe Smaller Than Last Year Outlook for Remainder of Fieeal Year Kansas Wheat Situation California Fruitt In the six months ended December 31, Atchison earned slightly over 5 on the common stock outstanding, or ova-" sixths the full year's dividend requirements. While pros earnings ware a trifle below the record of two years ago, operating income was the largest ever recorded by about (700,000. The six months ended December 81, 1912, held the best previous recdrd. The company is operating over 11,000 miles of road, the increases in the last few years mostly on the Texas lines. A per mile comparison of the six months results of the current fiscal year with those of 1912, the record period for gross revenues, is of interest in showing the progress made: 1914 1912 Chsnges Gross revenue $5,704 Dec.

$198 Operating expenses 8,487 8,716 Dec. 228 Oper. inc. after taxes. 1,779 1,771 8 Mileage 11,092 10,784 Inc.

858 While the present mileage per mile is not producing as much revenue as the operations of two years sgo, net is just a trifle better, due to, smaller expenses per mile. Atchison has simply been breezing ilong all through the current fiscal year, and the end of big earnings is ap- parently not yet in sight Compared with last yesr, Atch. tson at the end or six montns was aneed in gross earnings, and had saved all but $486,000 of this gain for net operating income. Operating expenses were less than $600,000 larger than last year. A road like the AtfMson, with an acknowledged high standard of upkeep, feols no especial call to devote a large tn l4Vna1 ImhMu it a mva iprOpOITlOn UI JrUSa menu simply on the occasion or a sudden business spurt The system has no particularly weak spots to strengthen.

and a lontr established policy of liberal maintenance now enables the company to save for stock surplus the largest part of its traffic gains. One remarkable feature of this year's earr-'gs ex hlbit is the downward trend of taxes. In the Jionths taxes actually decreased $112,349, not a larf amount, but welcome in view of the startling increases c. the past few years. In the Inst annual report it was pointed out that in the fiscal year 1P14 taxes were of the total net income available for taxes, interest, dividends, and that in the Inst ten years taxes had increased 188, though property investment in that time was only 40 larger.

It would seem that the Atchison management could view the outlook for the remainder of the fiscal year with equanimity. The Texas cotton situation furnishes a soft snot, but there are sis of improvement there. Kansas with a wheat crop of 180,000.000 bushels has given Atchi- son the great bulk of its better earnings. The Kansas farmer has been getting $1.20 a bushel for his grain, and now is reported to be refusing $1.25. Perhaps half of the ciop has been sold.

It is not likely that the farmer has started to spend his ruceipt to any extent, but when he does, it should reflect in better business for the rail- roads. They must haul the stuff the farmer buys Into the country ns wull ns taking tut what he soils. California crops have been good. Citrus fruit should furnish tonnage for 41,000 cars this year, of which Atchi- son ordinarily would huul from 35 to 40. President Rip- ley recently spoke optimistically of conditions in Califor- uia.

The exposition there should attract thousands of visitors, which will mean bizircr nassenror traffic. There is the question of Panama Canal competition, which Atchison ofliciuls admit may be a serious factor. The recent experiment of sending a refrigerator ship from Canaf with diversion of Uic Pacific Coast to New lork, through the fresh fruits nrd vegetables mav-result in the nn appreciable amount of California's fruit traffic by that route. That in hardly a question for this fiscal year, as it mny lm doubted whether there are sufficient ships with tho "roPr equipment to make any considerable inroads into the rnilrond fruit traffic. lITTSIH'K(iII STEEL TRADE HAS TWO DISTINCT VIEWS Majority Regard Conditions as Improved, and Others are Uieannomted and See Little Good Ahead-Mills Diaappointed atid See Little Good Ahead Mills at.

About 50ri of Their Total Capacity I Pittsburgh In tho steel trade two distinct sets of! viem obtain. The majority regard conditions as improved, and are satisfied. Others are disappointed and have alight hopes. The latter may be but there are good grounds for suspecting that the real case is that they are disappointed because they were expecting too much. Some of the steel mills at least are booking a great i deal more business than formerly.

In the lute roonthe of vear Practically aH the mills were accumulating pig shapes 'win soon louow oars, it is predicted in well in- formed quarters that wire products will be advanced $1 a ton within 10 days, lollowmg a similar advance three weeks ago. The steel mills are now operating at close to 50 of capacity, against less tnan aoc in- uecemoer. rig iron Production uy me mercnant uiam. lurnaces is stationary initial dividend of Ifc on the common stock, payable Feb- ruary 15 to stock of record of February 1. At a meeting of the board of directors of the American LaFrance Fire Engine at which an initial dividend was declared on the common stock, the annual report of the president was submitted and approved and the detailed figures will be made public soon.

The year ended December 81, 1914, was the most profitable in the history of the company, and it is understood that the annual report will show earnings, after depreciation charges, for the common stock of about Xo, after providing for the full 1 on the preferred stock. Officers of the company state that the outlook for business in the current year is excellent and it is expected that the output wiU be larger than in 1914. Director' Meeting In Chicago Chicago Examiner says: "Some other large railroads may follow the Burlington In holding their directors' monthly meetings here. Burlington has six Chicago directors and one New director, and of the remaining four directors three live in St Paul and one in Burlington, IoWfc I i I iKTKUusvt otqcmtf taa roue's ssatt ssvswiiBS. WCOWsl TAX 20985 If an employer pay talary ani oommittione to an unmarrirt man amounting to $4,100 per year, but the hat other bneinete interests which during the calendar year eaneed a net ton of $100, fWcfc bringi hie net income down to $200, eon the employer be pnvenUi from withholding a tax of SI? so, vnat action tan be taken to prevent itf the employe (unmarried) hat a groee income of $4,100 from one eovree, and net lot from other eowreee of $1,300, making a net income of $2,800, is he required to file an income tat etatement with the Commie tiontr of Internal Revenue? The buetneeeee in which the net final loee of $1,800 were incurred were farming, etoek, bond and mortgage investments, etcn all Of which require the time and attention of the tax payer equally with the bueineee from which he drew ealary and eommieekme of $4,100.

R. A. Answer Se far as the employer is concerned he has neither the right nor the duty to withhold any Income tax unless the sslsry itself exceeds. $8,000. Commissions are not subject to withholding at the source, as they are not "fixed or determined." If the salary exceeds $8,000 the employe can claim exemption on form 1,007, provided he is sure he is not subject to tax.

Whether or not he may make deductions on his losses depends entirely upon their character. The Treasury, Department has ruled that only such losses are deductible as are Incurred "in trade." The term "in trade" as used In the law is held to mean the trade or trades in which the person making the return is engaged; that is, in which he has invested money otherwise than for the purpose of being employed in Isolated transactions, and to which he devotes at least a part of his time and attention. As to losses on stocks, grain, cotton, uch losses may be deducted if they are incurred by a person who buys or sells stock, as a part of his business, as by a member of a stock, grain or cotton exchange, but even then only if he buys and sells for others as well as for himself. If he deals only for himself his losses are not deductible, he is a farmer, he could, make his return as such, snd deduct the loss incurred in farming, but not the loss on individual investments made in bonds, stocks, etc. See snswer to No.

20955, published Jan. 15. 20986 Will you kindly advise regarding the income tax return under the following eituation) An individual hat a grott income of $150,000 made up as follows: Salary $12,000, rentt and interests $12,000, dtriaW $126,000. His general deductions for interest and taxes are $36,000. Thie leavee him a net income of $114,000, while hie specific deduction and exemptions amount to $130,000.

Dote he lose the benefit of the excess of specific deduction whUt on the other hand being compelled to pay additional tax on $84,000 of income, or tan he deduct 1 on thit excess amounting to $160 from the total lax he to payi v. r. n. Answer The taxpayer in the case here set forth could not deduct fc on the excess. This fact, however, can deirrlbed as a loss of the benefit of the excess.

The Wg deduction( frM him from the normaI Ux fortune- 20987 A bank has paid a stock dividend from the surplus account Thie turplue was accumulated before the Federal Income Ttw law became effective. Will 7 have to pay any income tax on thie ormwnlf C. Q. C. Answer Yes.

20983 Does a married man lichtg with hi wife hailing a net income of over $3,000 and less than $4,000 jointly have to muke out a report J. S. C. Answer Yes, if the income outside of receipts from dividends is in excess of $3,000. 20989 Ae fiduciary of an estate in truet, 1 receivei during the year 1914, a laige sum for dividends from ear- i necma of which had been paid at the source.

'hieh lin 1041 WO 'tenter On enter the amount mere is no ne camny aiacnn.j. p. Answer No return of income from dividends on stock is required from a fiduciary as such. The estate itself is not subject to the supertax, and the duty of the fiduciary as a withholding agent is concerned only with the normal ny kngficigfy under the will or the trusteeship is in receipt of a net income of $3,000 or over, he or she must return, or cause one to be made by the trustee. In case the individual income is in excess of 000 the proportionate share of income derived from the dividends must be includsd in the individual return on blank i'l nin Mi Vlanb 1 011 PEPPER AND SALT HKXT H'MGI For ME no more the foreign shore Which called me yesterday; Xo more shall Rome lure me from home.

Nor Paris, cMdy. fay. I snail not view the Mile of bloe: Venetian acenes wilt loss me, too. My mind Inclined the scenes to Knd "Made In the V. The desert's waste I shall not taste, Nor note the kky of ray Which oft emhrouds ths London crowds (Of late far from blase).

No antique tower shall hsve the power To draw from me a single hour; Mjr mind's Inclined the scenes to find "Mads In the V. 8. I have no means to view each scenes; -It coets to so away, i And I must eat. But what a treat To let my fancies strayl the trees, with blowing breeie To cool my brow, I'll sit at ease My mind's Inclined the scenes to And In the U. A.

Walter t'tttnf, In Judge. EITECTI OF THK WAS She No. I won't have the Uh. I don't like the look of It. Hawker No, and yar wouldn't like the look ef yerself, you'd ohlvrled abaht by submarines ever since the war started.

London Punch. OBEYING ORDERS 'Hee America first!" didactically quoted the professor. "I have already done so," replied J. Fuller Gloom. "I was born her." Judge.

A BJIsntlNT "LeUted by oenser ths lias that we see Bo eft In the papers an error stay be. When listing the enemy's loss, I suspect, "Dilated by censor," la nearer correct. THS) BANDY MA "What kind of work coald you possibly do aroand an ofAcef "I'm a kind 0 all-around handy man, mister. I kin hold si door open, light a for ye. look out an' see tf It's rain In-, call a taxi, drop letter down the ohute, an' tell folk yer out when jre atn'tV-tife.

mmx crncE BUILDING ON FAMOUS SITE TWENTY-STORY STRUCTURE WILL' EVENTUALLY REPLACE OLD COTTON EXCHANGE, NOW INDIA HOUSE George Sheet Plant Skyscraper on South Side Hanover Square-Important Real Estate Indication Pot- stfcls Revival of Former the Commercial 'Shipping Importance of District- Hanover Square Hietory The announcement that a Urge office building is to te erected on the, south side of Hanover Square on the. plot now occupied by the India Bouse, came somewhat as a eur-rrjse to the financial district, in view ef the fact'that the old building on that plot has only recently been improv4 end turned into a club for the India House, It now develops that there is no intention of making the improvements in the immediate future. An officer of the India House issued the following statement last night; The filing of plans for the construction by the owner of a building on the site of India House will in no way affect the tenancy of the buildng at 1 and 2 Hanover Square by India House. The club's lease of the runs for ten years, with privilege ff renewal. It is understood that the filing of the plana Is simply a The plans for the new building as filed wiU cover the block front, at the south ead of the square and extend from Pearl to Stone streets.

This includes No. 1 and No, 2 Hanover Square, 60 and 64 Stone street and 95 to 101 Pearl ctreet with a frontage of 71.7 feet on the square, 123.1 16-16 on Stone street and 114.15-16 on Pearl street Value of the land is $306,000. Upon A will be erected by George Ehret a twenty-story office building, 270 feet in height and in the style of the Italian Renaissance. Alexander Baylies is the architect The four lower stories will be on a granite base and of limestone, handsomely ornamented with bronxe windows, the second and third stories having continuous windows. The eleven stories rising from these will be in tapestry brick with Indiana, limestone sills.

Above these will be five stories of ornamental terra cotta and imitation limestone with bronze panel work. The building is fireproof, with all steel windows, hollow steel frames and sills and hollow metal trim. It will have six elevators, three of them express, two continuous runs of stairs and cement floors. Because of the position on three streets, all offices will have direct light Modern improvements for sanitary and comfort purposes will be very complete. The cost will be $1,100,000.

The architect has had the experience of a building of ten stories on a similar plot at the corner of Hudson, Leonard and Franklin street built for August Beckstein. The new structure is on historic ground. Pearl street was the first New York street to have houses, probably in 1633. It was originally known as the Strand, stretching from Whitehall to State street It then became known as Great Dock street up to Hanover Square and was called Queer, street from there to Chatham street At the northwest cornr'of Hanover Square and Wil-lium street lived the original grantee, Borger Joris, black, smith. Hence William street and Old Slip, were known as Borger Joris' Path and then Burgher's Path.

between William street and Old Slip and the river was the plet nsmeM after the accession of George I. Hanover Square. The square was the intellectual center of New York for a long time. In 1S93 William Bradford founded a printing house here: "At the Sign of the was made public printer and from 1725 to 1733 issued there the only newspaper in the city. The site of the Cotton Exchange was that of both first city press and first paper.

Henry De Forrest, the partner of Bradfor. in 1744 aaade the paper an evening one, called the New York Evening Post It survived until 1752. Hanover Square was also the horns of The New York Mercury in 1752, founded by Hugh Gaine. It became the New York Gatette and the Weekly Mercury in 1772, expiring in 1781 Ho printed for forty years at "The Bible and Crown." Jume Rivington, the great Tory printer, "at his open and uninfluenced press in Hanover Square'' printed many loyalist sheets. In the same way, J.

and A. McLetn printed their papers there. And in their paper appeared The Federal-ift, "the greatest treatise on government that ha ever been At the Foutheast corner of Stone street and the square was the property of Abraham de Peyster, who lived on a large lot on the north side of Stone street, then called Duke street. At the upper corner of Pearl street and Float Lane (Hanover etreH) was the Beekman House, later leased by the Schieffelins, who lived at 195 Pearl street. The Gouveneur residence was at the western comer of Pearl street and Sloat Lane.

Next to Pearl street in the square was the store of Peter Goelet, at the Sign of the Golden Key, in 1737, where are now the elevated railway steps. Trying: to Amsterdam dispatch says Dutch court held a UI r. contract between Standard OQ subsidiary, American Petroleum Co. of Rotterdam, and Dutch retailers whereby iuviot grew in to pay vu irom any uiner sources ana not to men ou below the ruling price. Case win be appealed to higher court Rumanian subsidiary ef Standard Oil is now the largest producer in the Rumanian fields, as result of several new pum To promote reduction of cotton acreage, Governor Hen.

derson of Alabama ha proclaimed February I "Crop Di-mtlfleatioo Day." 8outh Carolina Senate has ratified bin repealing law passed laat October, limiting cultivation of cotton to one-third arable land. Lower house of North Carolina has passed resolution vrging cotton crow. era to curtail crop WJ this year. At instance if Inter borough-Metro poll tan District At- torney Perkins is investigating. activities of "Interborough-1 Metropolitan Investing Security Co, which has.

been, selling Interborough-Metropolitan common stock to ignorant Italian laborers at $24 a share. Current market quotations are around $12 a share. Advertisements were pub lished In Italian papers. Statistics presented to convention of American Elec tric Railway Association show that $496,56302 is invested in street railways in United States. Annual re- ceipts aggregate $533,000,000.

Roads employ 800,000 men; 76,000 passenger care are operated, carrying 12,000,000,000 passengers, of whom 2,000,600,000 ride on transfers. English government agrees to advance loan of 000,000, for twenty-five years, at 4 interest, a half of initial capital for establishment of analine dye manufactures. Government also agrees te grant tlOO.OQO for research and experimental work. Special meeting of stockholders of International Smokeless Chemical Co. has been called for March 9, to vote on liquidation of company and sale of entire $9 000,000 capital stock to Du Pont interests at price of $80 a share.

Par vain is $50. Anstriaa Minister of Agriculture has announced that army has omy enough grain to last until September, and government will organise grain monopoly like that in Ger many. Vienna is alarmed at concealment of grain and flour by Hungarian farmers. eMaassBsssssMBk Deputation of Australian wool merchant has ap pealed to Acting Premier Hughes to prevent operations on behalf of Germany. Assertion is made that woo) is going to wkh America as "the conduit pipe." Marine insurance losses since first of December in which American underwriters were interested are esti mated to reach $15,000,000, and it is intimated that marine insurance rates may be advanced.

Rome dispatch says Austria is willing to raise embargo on timber to Italy, which is needed for shelter for earthquake sufferers, if in return Italy will let dual mon archy have foodstuffs. It is reported Yrom Toledo that Walter L. Ross, president and receiver, of Toledo, St Louis A Western, has been offered position of executive vice-president of Chesa peake A Ohio, Residence and art gallery of late Benjamin Altman, at Fifth Avenue and Fiftieth street, were -sold Friday: It is understood buildings will be remodeled for business purposes. According to the Hon. Seton Robert Beresford, 55,000 horses have been shipped to France from this country since outbreak of war.

It is reported J. P. Morgan Co. have been authorized by New York Central to pay off 2,580,000 notes due in London February 2. German savings banks report for 9U shows that de posits increased $250,000,000 over previous year.

Ivy L. Lee has been elected director of Colorado Fad Iron Co. to -succeed Jerome D. Greene, ratgoed. Hearing in 'Government anti-trust salt against East- Ssn Kodak Co.

were closed Friday. atfMBaMsasaas) German government has prohibited exports of potash salts and mamifactores thereof. "Frisco reorganization may be decided upon before February 10. Chicago Brewing Malt Co. Chicago Some directors of the City of Chicago Brewing Malting LtL, controlling the Chicago Consolidated Brewing' A Malting which passed its semiannual 2H interest on the first mortgage bonds, due January 14, are in conference here regarding a financial adjustment which it is said may cause a reorganisation of the English company.

Conanlcut 31111s Passes Dividend Fall River Conanicut Mills has passed the regular, quarterly dividend of 1.. Push Him In froni Vtw Tsrk World. V4AA Vu. eew -W JTW V.fr&t'; Ml ii mi rr I I r--S.