fpi wMftryv,, -,
I-
EyEHIKG LEDGER-PHILADELPHIA, MONDAY, FEBRUARY 15, 1915.
"YJa--" IJG-PHILADELPHIA, MONDAY, FEBRUARY 15, 1915. 18
pMAND STERLING EXCHANGE MAKES A NEW LOW RECORD WHEAT MARKET STRONG
Stocks
RONDON
TURN WEAK;
EXCHANGE LOW
west Centred in Action of
Wheat Market New York
Central BondB Lower.
iStrvt 10TIK, Feb. 15. After opening
RSwti today on the CovnnB of shorts
t better demand for scctirition, mo
f,W market reacted shs-rply nl the end
"J,?. hour, followed by a sllirht
tnv around midday. On tho downward
Klin All Issues, with a fw exceptions.
,Vich Dare been withstnnlln-r pressure
?Wch naTo Speculative
Crest wag connncd almost wholly to
Icnlted Btatea Steel common, Mexican
l&iroleum and HeadlnR.
teoirtal? the afternoon session the mar
W'rlJ. i,.W the final on Saturday,
$ri .had above the low point reached
Mie earijr "" , , . . ,
itort Attention nppcureu u V:""'T4
he wheat mamer. ui .i..v-u u.aN ...
' .t. tnarkoL May wheat, after
llwhir higher at tha opening, rcactod
P!?. " ;V 4i,l. wnn followed bv a
"Siro upward turn nround midday,
iMch carried tho stock market with It.
VrtJen argued that, If wheat advanced,
ilstrt wa guuu iwmiui. w -.....,. .-
r7i .j 1. .n.r iinrMl In nort
.... ,renl. n the result of tha action
r.'.v. n.onnn Kaiser declaring a war
&.siiround Oreat Drltoln. Tho confer-
sect wnicn is iu " " "' ""
uer ana um ftnwti ...,..
7. .,t of the United States to der
nr was a disturbing feature through-
The German Ambassador today do
rercd p. note to the Btato Department.
. ,. nntnra of a reply to tho rtscont
iwrlcan protest filed at Berlin, stating
Ii. Yi.rmi.nv I wllllmr to abandon at-
Seks'on British merchant vessels If Great
ifltiln win remove iih uu ". " .,.--it
ennalened to Germany.
-,-! .iitnn to thin traders made a
iar argument out of tho decline In the
Iw per cent bonds of the New York
Central, which declined to 101 on tho
rt. or two points below the price at
-1,1th they wero brought out in mot
joirkot. However, tna rauroaa is oa-
Itired or Its money us wu wouo "" uu
to&rrrrltten.
r-jflnneapolls and St. Louis securities
were again tne leaturo o. iothbui iu
itv. the comoany's common Btock mov
ing- up 2V4 points to 13. and tho pre
.rt nn 4 nolnts to 4SH, on reiteration
at the rumored deal whereby either tho
rMUsn Northern or the Minneapolis,
IR. Paul and Sanlt Ste. Marie would take
or the roao. ine ,i per nu oonus oi
the company were oiso nigner, as were
the refunding t per cenu oonas oi ine
ildira Central, a connecting road.
Canadian Pacific was one of the strong
features which withstood, the downward
eotine of the rest of the market and was
tboyo the last sale on Saturday. Duid
a' Locomotive common gained a full
pint by, selling nt 30.
Mexican f eiroicuni, in wmen more nus
ten unexplained pool buytnt; for some
time, developed a weak tendency, Joeing
4' points at T2t. This was a recovery,
hotrever. from tho low of the day of 71U
"INoitolk & Western stock lost a, full
joint before the close, selling: down to
The foreign exchange market was un
trtiln at the opening today, and quota-
ions showed new low records. Demand
fcierllajf went to 4.S1& and cables to LSI.
tallan llro sold at 5.50, tne lowest on
ecprd. In tne afternoon demand ster
ol went to i-Sl, which Is the lowest
;olnt reached In a generation.
Tbe weakness is attributed to the large
orts. which is causing, a heavy prea
re'.o'r hills. The demand for remittance
.hot sutnclent to take care of these
'rallfs it former rates. Grain bills esDe-
ktially are In active supply, and there has
Ritio become available a steady supply
MSit enttnn htlla
KQTber'e wero also rumors that gold shlp-
mMu9, in uuumun iij inoae aireaay maue
,io ew icrs;, wui soon do made.
m'
p DANK CLEARINGS
isomllnx day last two -:
W?M Sit.im. izixwt.ma su.tm.7yr
uMtaa .. iit,u48.nna it.mi.-iso 21.57s.nns
Jj roTK.,n.n7it,s.'a 2J:i.n7t.4S 27i.trn.ww
)UiEiwt.... 0,.H4a.lXH a,30fl.S3T 7.060,320
RATES FOR MONEY
rflSS" 3-S5K a
If Jte"' paper, tbrte to six months, rwl
Lyal. Dr cent.
New York Stock Sales
Lait salt. Hlh. t. ctne.
AiatKA Ooid M nn .... ov
Amal Copper ......... &m
Am H Sng.it i,,.. 4i
AmCan ..i...4,. 2SH
Am Can ptcf..... ...... f)4!f
Am Cotton Oil 40H
Am Hide A Leather ... AU
Am JTMe & Leather prcf 27 273f 27H
... jtw ...,.....,,, 24 2j 24
AmMaltpref ......... a()H 31 31
AmSraeltlne .....k... oft 0OJ 05M
Am SmelUng pref .....102J 102 102
Amffnirar 103 itu 102
20
MH
41
28Jf
04
4H
f!
28H
MM
38'f
27f
03K
40H
nW
28H
MM
2SH
onti
4(JW
fiK
273 (
2
31
(V5H
102
103
120M IJOJf 119M 203
.230 229 220 220
. 27M 27! 2031 20J
0IM OKi 033( 94!
au 30JS WH 3031
09 09 08f CO
003f 09 COM G034
asrs ou mi n&u
873 865f 80!
inu in inw
16714 158)j 167 1673
30K 30K 35 3534
AmTel&Tri ...
AmTobtcco ....
Anaconda Copper
Aicmjon ....,....,..,
nsldwln Loco ........
BaltoAOhlo
Balto&Ohioprtf
Ilcth Steel
Btoolttvn Hapld Transit 88'
California. Pot .' 20t(
lant-aciiic ....
Central Leather
cnesaowo 42K 42 4t?f 42
CfiinoCoBper 36 35J4 353i 353
uk mu a oi - ...... tjujj aojj g.Wf 80
ChlcMlt&StPprtf ..125 124 12 124J
CoptCsn 40 40f 4dU 4W
Colimel&Iron 26 20 253$ 253i
xjuuuen nccntmca ... 12H luf 11 11
ijio .,..,..,. ...22
Krloljt prtf 353
cue 2u prcr
Fed MABpref ......
Coin Products
Corn Products pref ...
Dettc Hudson ,
OeaChem prcf
General Motor
General Motor prcf ..
Goodrich Co
Goodrich Co prcf
Groat Northern pref .
Great Northern Ore ..
Homotako Mining
Interboro-M et
Intcrboro-Met pref
Int'l Paper
Int't Paper prcf ....
Inspiration Com . .
Iowa Central
Kan City Bonthem
INCREASED DEMAND
FOR ELECTRIC SHARES
22 223 2IJ 213(
353 35K 35J( Mil
203i 20 20 20
20 20 20 20
10 10 OH OH
08H 00 00 CO
.14034 140 MSH U8U
10834 10834 10734 1073i
. 04 03 0134 01J
. 05K 053 033f 03)f
31! 313S 303f 3131
0034 05 05 05
110 115K 115H 115H
. 3l 313f 30)f 3l3f
117 117 117 117
12N
683f
8
31W
10M
0
23
12K
603(
8
34!
18J
0
223
12)4
67J
8
3114
1834
0
22!f
lf
... 60!f
83
... 35
103
... 834
... 22M
Kan City Southern pref 6034 5834 6834 6834
"'sew io8) 10034 1083C 1003(
Kitetoprcf 100 10534 105M 10534
Lehigh Valley 13314 133 I32Jf 132Jf
ixjose-wucs uis 1st prei U5 02
LonljT&Nash 117 117
MacVeyCopref 6734 07
AlaxwcU .Motors 1st oref 60.f
Maxwell Motor 2nd pref 24JJ
Mercantllo Mar
Minn & St L
Mlhn&StLpref ...
Mcilean Petroleum
Mo Kan & Tex
Miami Copper
Missouri Pacific ....
Montana Power . ....
Montana Power pref
National Biscuit
Uf
17
4334
703$
1034
1834
1134
483
0034
24Jf
1)5
103i
40
7034'
10JJ
10
lltf
6031
. 00!f 10034
120f 121
02
117
07
60
233
134
1734
40
713f
1054
1834
1034
48
02
117
07
0034
233(
134
1034
48) (
7234
1034
1874
103f
6034
09'f 100VJ
1203f 120
National Biscuit pref . .124 122)f 1223 12234
Nat Lead pref 10834 108 108 108
NT Air Drake 7K RR FA ns.
Novada Con 1234 1234 1234 1234
NYNH&H 49 43 40 49
NTCentral ...8134 85 8334 8434
KY04W 2334 23 2254 2234
Norfolk ft So Ry. 25 25 25 25
Norfolk & West 101 101 0034 100
No Pacific 10334 103)4 10234 10334
Pacific Mall 10 20J4 2034 2034
PaclflcT&T pref .... 8034 88 88 88
"una lUi4 JUGtt 1US Uloli
11834 11834 11834 11854
2034 20)4 1034 20)4
. 0334 0334 02)4 93
. 3154 31H 31 31
15234 152)4 152 152
17)4 1734 17 1734
.14334 114)4 14334 14354
134 1)4 1)4 IK
154 134 134
I
10
15
S3H
1534
50
44M
94
2034
4534
834
09)4
12034 110)4 11034
70 70J4 7034
20 20 20
6034 66 6034
4354 4254 43)4
-10-13-4 104)4 10434 101)4
4554 4534 4534 4534
6334
34
134
t
10
15
8434
1634
60
4534
0434
30
4034
834
00!4
2734
6034
4334
53
34
2
C334
Foreign Discount Rates
Date of
last chirrs.
! Pink of England ...
Mj at Franca ....
Mokof Germany ...
Ht Auatrla- ....
fckof Italy
gk or Switzerland
f"k of Ituwia
hnk of Spain ......
Uankinf PnHn..i
iskofaVd1sr'.:::
I Nik of Denmark .,
IBk of Ntthcrland
Et"
Hank rate.
3
"..". a
::::: ,
..... n
'.'.'.'.'. 8
g
ihJ
H
Auar. 8, ioit
aub. zo. iuu
Doc. Zl, 1014
Aur. 27. 1'JH
Oct. 31, inu
May 0. 1SU
Sept. 10. 10U
July 29. IBM
Sept. 1. 1014
Jan. 14, 1BH
Jan. s, 1315
Jan. n, 1013
Aus. 12. lnia
Aue. 20. 1914
Beerre Banks' Discount Rates
IpMa.
Tori...,..::::
rte"L
feuuV:::::::;:
&&.
&a rranVlico".'.'.'.'
30 or
leas.
... 4
... 4
... 4
... 4
... 3i
;:: 1
... 4
... 4
.. 4
Dar
30 or 60orOr
VQ. BO.
9 I.
134
o
CO.
4
4
434
4H
4
4
5
4
4
4
2
64
7134
19
3534
0534
00)4
52)4
3t
2
6334
7134
19
33
1634
0034
1)4
1
10
15
84)4
1554
50
45)4
94
30
4034
834
9954
5234
34
5
8
Hi 4W
4t4 (1
434 0
GOVERNMENT BONDS
l65ftSli4
tr.: - cuuport. . mi
Sma U tat,d: I OS
KSSf S,w ?," retlaiered ,..101
5ri&ecSr.. :r::::::::::: 8
Ui isi? "f'J""1 39
" ( ujuuui
Old-Aakwl
poii
,uo
DIVIDENns nvr!T.Ani7n
!; '""rith. irounjitto wn and iiht.hnl. ..
iiah i P"'"rd -154 Vr eut7 pay
Sif 5 lJ. toclt. f record February 20.
IBiuii. r...","s.r?.pn an ttoia company.
lffi?tni.t'urirh Jtallroad Connony. r.-
. Marca to
per cent,
to atock
la tV J:. ' . P cent.. poyaDia
SSarej'stA'srJLrH
Peoples Gas
Pittsburg Coal ....
Pittsburg Coal pref
Pressed Steel Car .
Pullman Co
Ray Cons
Reading
Rock Island prcf .
RumelyCo
QuklcsIlTpr
St L & S Fran 1st pref. 10
StkSouthwcst 17
Southern Pacific Sl(
Southern Ry 1534
Southern Ry prcf 6034
Studebaler 4534
Sturiebaker pref 05
Tennessee Copper 2034
Third Avenno 4034
Toledo St L i W pref. . 8
TKlrtCity T 0934
Union TacUlc 120
USUndlAIchol pres.. 78
Tin Rwy Inr pref ...
US Rubber
USStecl
USStcelpref
United Cigar Mfg ...
Utah Copper
Wabash ......
V abash pref
Western Union
Westlnghousa Electric. 7134
west Maryland 10
Wisconsin Central .... 3234
WUlia Ortrland b7
uO pTu )Q
Total sales today 221,000 shares compared
with 137,900 shares Saturday.
Quoted ex dividend in New Yorlt today:
National Dlacult Company preferred, !;
May Department Store, IK; Molina l'!ow Com
pony preferred. i Clippie Creelc Central
JUtlway Company, 1. and preferred. 1: Hut
terlclc Company, ?i; Eaalnwn Kodak Company
of New Jersey, 10; Deere Co. preferred, 1.
Sales in Philadelphia
Eat. cloje. illlnh. Low. Clam.
in in V i"
41 J0U -10 40M
..ions ioi iuit icat.
.13
en
30-K.
j
nou
2lJ
113.
?H
60V
lotf
VtS TT 714
TZ 7
. Mi H
., R2U 821
" ...I .a.;
ll4 '
Lehigh Navigation Report
Created Good Impression.
Transit Earnings Expand.
Irregular price change marked the
trading- on the Philadelphia Btock Ex
cnanfro today Mrltli sentiment on the
whole optimistic. Traders were picking
P Philadelphia Electric and United
States Steal nnd there wns nlao noma
Inrcstment buying of PennsyWanln,
united Qas Improvement and Lehigh
Navigation. Tho Inter's annual report
created favorable comment and was
taken to Indicate that tho present rato
of dividends would be maintained. The
net Incomo of $2,48J,578 waa equal to 9.3
per cent, earned on tho atock, compared
with 8.9 per cent earned the previous
year, nnd 8.6 per cent. In 1912. It Is said
the month of December was one of the
best In the history of the company.
Trading In bonds was qulto nctlve, es
pecially In Pennsylvania 4V4 receipts,
which sold oft to 101 on prollt taking.
TIiIh brines tho price back to within a
fraction of the figure nt which tha bonds
were sold to tho public Ilarwood Elec
tric Gs sold nt 9934 ngnlnst a last pre
vious quotation of 102.
In the afternoon trndlng became very
quiet. American Milling sold at 5i. com
pared with 4, the InBt previous sale. The
Tonopah group was Inactlvo and unre
sponsive to the reports of earnings for
tho past month. Just before tho closo
600 shares of Rapid Transit certificates
sold at 10, the recent low point. The
minimum limit has been removed on thlo
stock. Id the last fortnight nearly 15.0C0
shares have changed hands at tho limit
figure.
Tho Rapid Transit Jnnuary report
showed a substantial gain In net earn
ings and a surplus of over $12,000. Tho
last month's earnings would show up well
had been generally expected on the street
owing to tho tmununlly open winter nB
well as to tho Increased trnfTlc resulting
from the evangelistic meetings. Tho
greatly Improved economy In operation
wns also nn Important factor.
The flrst sales of Cambrlu Steel 5 per
cent, scrip, due 191", was made at 95. Tho
removal of a number of additional mini
mum limits and the reduction of others
failed to affect local prices, and, It uny
thlng, tended to creato greater confidence
In tho market's future. About the only
active Issue which seems to still require
support Is Union Traction, which today
was being offered at 36. Rapid Trnnslt was
also under prcsuro. A rise of a point
occurred In Westmoreland Coal, whoreaa
North Penn fell 234 to 90.
Despite the declaration of tho regular
dividend, Amorlcar Railways declined a
point to 85, which Is n new low level.
Little stock war offered, howover. Tho
street was Interested In tho figures given
out by the Pennsylvania Railroad con
cerning the number of Its stockholders.
Especlaly significant In view of tho talk
of foreign liquidation of American securi
ties held abroad was tho fact that the
number of Pennsylvania stockholders
abroad actually showed an Increase of
moro than 2 per cent since boforo the
war began.
RAPID TMNSIT REPORT
Jnnuary Earnings Show Net Increase.
Surplus 3xpand8.
The January report of the Philadelphia
Rapid Transit Company was a good on.
Despite a slight decrease In grofs tarn
Ings, reduced operating expenses enabled
the company to show a net gain of $20,167
and a. surplus of 112,324, against J1783 In
January, 19H,
.,E..r.. lhc SCVcn months the surplus Is
1210,6,1, compared with $309,131 In 19 nt
the same period. Details follow!
January ipis jnw
KMSe,::::;; "Wli m
Expen!!1" 1088JJOI 2.0OO.527
i-wraunir eirxneei ...
e-ajnlnf-ai from otwr
Klaed Ctiarxet
sumiuj ....... '
7 mo. end, Jan. 31
gross Mm, earn ,,
Jlec. other amircce
Uriwa ramlniti
GxDcnaea
Oncritln eipenaea
Net earnings from oner.
Fixed clarirea
tAirtilua
U. S. WHEAT SUPPLY
MPIDLY DECREASES
1.17.1.7M
824,6.17
812.413
12,224
13.440.010
. ivi.zoo
13,043,018
R.07J.47R
S.871. 0.B
B.OOO.SIW
210.071
1.202.030
AO4.470
802,681
1,780
13,715.828
. M0. 230
14,240,004
MV8.8I2
30W.131
FOREIGN EXCHANGE DKOPS
Domnnd Sterllnp; Declines to 4.81;
Loweat in Generation.
NEW YORK, Feb. IS.-The foreign ex
change mnrltct brolto shnrply this after
noon, carrying the rate for domani
sterling down to 4,81, tho lowcut level wit
nessed In a generation. Tho previous low
P0""1 was 4.S2, mnda In tho panic of 1907.
fho sharp decline today was the re
sult of tho heavy offerings of commercial
Bills by cable. The market Is now con
cerning Itself over tho question of gold
imports. There ro rumors of engage
ments of the yellow metal, but they havo
not been confirmed.
Visible Amount on Hand 6,400,
000 Bushels Less Than at
This Time Last Year. -
101 101 lul
102 llWH 1I2U,
.to SO Si
'S'U WJ4 llMtt
New York Bond Sales
6000 Am.r i. ... 5!'Rh- k?. Cloee.
ft0, -Amer IliSo lci.:.'
itHju Amor uuielt tine a...
IIIW Amer Tel cl t 4a
JuuO Armour Cu 4ij.
iiV?J! 'A.tc'"on cv 4a liM.'
!Kl AJf""on cv u ium.,
,W Allan Co Una 1st 4
rl-Xiii0!? Ohio 3ViV....
aW.R H' hlo 4 a".....
WjW Halt & Oh cv 4U,a...;
'"i. it r u lB 4a.
-.! !alr o awn atj,..
.WO Deth Steel let fle. . .
2V.-W iietn Uteei no S:
biiSio iirSSb!; 5aBJfr o.-i"2H nuC iwS
a."9. rokn U Tr Sa iUls.lOO putt 100
soft Kf nVr,4,1,,: i-::-& & .
ifoixi r.m r:.rk.r'R."!'" ?.
m .1V1 .-:: fr".1" . ?
1CW) Cent It 11 N- j 6:.
.WW i.he & Oh cv 4ha..
ItMl Uhea s Ohio Ha.....
iwoo cm at weat is.:,::
ini.i c! ;: t :. '"".
,7 u v oeo 09
an
uiVi
SO),
80
lwo
SU
M
us
B2t,
Ul
HU
SI
OV
o.
XV
utH
04 ii
ln.u
Sk
SSfc
.114,
73;i
'!!'"
JO),
1UJ,
. . iru
. . 07
VJ'
rl)
114?,, 11IT?
litt lain
7U 70
HuVi lo.it.
10). VO;
Local Half-Hourly Sales
10 to 10:30 A. M.
40 Phlla Elec... 2H5 SO Reading ....
5 do .. 24VJ MUti True.,.
10 U S Steel 43K lull U S Steol...
3 do 4--1S 1 Un Trie
13 Phlla Trac... 7TH 2 1'hlla 11 T. .
3 Hale-win pr. ..UK) S3 Phlla Eleo...
10 1'hlla Elec... 24 & All) Ina
5 II o I B-lH 73 Ton Jlln
200 U 8 Steel 41i 100 U S Steel...,
10 .do... -4-lii 81 Cam Steel...,
40 do 4.'li
3D
i
64
71i
10
5 Alllane lna ..
23 Atn I3eet Sugar
4u Am uaa
2 Amer Oe n
S Am Railways
20 Amer Smelt
20 Amer Mllllmc...
1WJ Bald Lara
S da pret
si ram Iron ......
211 Cam Bteel . :.. .
2 Klec Btor
120 Falrmount P T.
1.1 Hit 1'wd A Ctam :tO
78 ln Co K Am, . . 21
1M Key Tel Co 1II
o out pret
71 Leh Nar ....
33 Ionian Val
XTTO Phlla, nnTr t e. 10'
ID I'niia 4rKctioii, .n
30 35
OHU Oil
4 5K
30 Wt.
im; loo
43).
48V,
.
4.1V,
40
-
33
6H
51
100
42
43
40
31M. nu4
!H 21!
I4K "
m til rtt
7IIH 70U 78
w I. vai it wti ij ij-n
103 North Paona, .. 02K 00 00
ran Penna n n .... MH ns', 52W
"iBsiftiSff'teAfia v& m
BONDS.
1000 Klec tu Peop tr 4a
10000 Pcnna rcta 4Ha w I
10IXJO do
loroo do ;
2000 Interatate Itwy 4s
87 Phlla Co scrip 1(118
87 do lOlfl
1000 Interatate Rvcy 4a
1.100O Penna rcta 4',5s w I
CO.") do
10:30 to 11 A. M.
100 U S Steel.... 4.1; 27 Penna
10 l'enna iw-i iu no
10 Phlla It T t c link -10
lno do 10 in
?.n Lch Val ilji 100
S do Wl( JL-
no Phlla It T t c 10) no
100 U S Steel.... 4:ij 20
211 l.eh Nav t c. 7(ii 1
0 l'enna o."i -
200 U S Steel..
100 do
100 do
20 Am Smelt...
10 U B Steel...
10 do
BONDD,
1O00 Leh Valley Coal 5s
fcCOD l'enna rets I'.-is w 1....
1:1000 do
2000 Am Gas & Klec 3a
2000 do
1000 Market St Klec 4a
Inter Alcohol na 00U U0U
Jap fler Ma 4Wa m'i 7lft
IC C n H & Si 49 72U 72W
do (i 100 10HK
HI 111
U4H uiu
loo looji
lujtf 10:1(4
RSU KHU
60 (i
U'Ht
01
OO 1MJ
2:1 2a
104 101
; 113 i niv
. 03W D34 IW14
;?3?, uaK ooK
.103 10.1 laj
.34 51 34
o73 ".n "77
. 62 83 82
. vuu nnu ;iuu
miv. 101 W 101W
. II 11 11
. 28 2T', 27
. flO 30 CO
. 83 SSW 8314
, 09J 00K 00f
.101 1001,4 10H,
, Wi 08U 081
. 73 73 73
, 08 H7U 08
KIM .13", XW,
OUU
do
do
do
do
do
da
do
)-"i. na. .. u-ij
4.1,4 100 U H Steel.... 4.1
4.1 100 lo 41
4.1 10(1 Phlla Elec... Slt
l-Jl -JO do 24
43i 200 U S Steel.... 43
4.1
...101(4
...1m
...104
... 80
. .. M
... 03
11 to 11:30 A.M.
20 Ina Co N A
2 HI
200 Phlla RTtc lOlJ
BO U
101
100
BO
110
10
10 Ina Co N A.
10 do
41) Readlnr
32 Ttnooah Del
Ml Toofoah Mia
. 10T Un Trae ....
' rono I
2347 If
u 4
S Steet .
it Wntmore Coal.
S3 Warwick J 8. 044
u
1 f-
3m 3
3d 30
A 82K 8-.'H
i 4.1 h 4.n;
Vt l .
1 hi eh
Total aalaa today. SI03 aharaa, compared with
BIST aharea Saturday.
BONDS.
4000 Am Oaa A E Ba Sli
Laat prav.
mi, iiiaa. tiw, uiq4.
s4t tu ao
gi'Vpio'Tiw n ?? m
imYw&fzfrm ssh m a
Jooo li V O coo 4Ha ., 98 i wni my,
li Leh V Coal ea.jMu 104,5 lOllJ 104
iko MarKet ot .i
.SjVooJwortrrCompa
IBWLjriSBrf'S
eirular Quartarly
.bi April 1 iq
Pf ..c'7't. payable Uareli is ta ntnrjr r
,7JeDj:iry .
,f...A '...-- V.MWHI,
;.'"! n Per .cent., nava
K'K.S.f1 "JR. March 10. " ' "
Rrt2Bm?h' Traction and Jjjht. oajmrty
ZVt Eutea Enveloo.
'UUUI . np- -an, -
A'M. MyaBla March
w., u; ,,w Jl
Contsan
any. rezutar
pmernu and
W!P3SVZWV8&Ffc
i oii?;.;.i-".,r rraciortea Company. ri
4riujs rbgfe $r& " i
r&C'W. "". .1M P cant., navabU
ji..".S. .'?? yenruary T.
Tff.ffiSSKLWlS'SSSWJ.sa
torn ' '" "" " tru.
rSi'.JVl le- nL on preferred and u
?5i Nortaero Pa
'vjnj j
Feoruarv
2? i? "I Company, regular quarter-
"..:,"'r. "i Buanwa, 3 per cent, oa or.
gN"'- ""
CtOt. Cn Mmmflii i iui. n --. n
iabl. March 3J to .Uick i rSd
On Pont Plant Enlarged
ui.lt. va Feb. 13. -A. a ,.!! .a
ordera received for amniunltlou froai
'oaornca tna Jin Voat F.
1 eXMadmi binun tionoi
! OA JRi mvmn.u a. (. ..t
ii "! vownjauy br 5
l- ,4-t o MUI.SIV Suni&d
'! .,,' in.nuiilii,.B. 41 nJ its itiBU
v', Vy?,iUiiuxlA -mum tsra
pjll. wiiUjij;!,
at Powder Cum-
W.uuu ana .
l4t t City
'. .Hn "
oal Sa.lMu 10"jJ 1011 lot'
r ki ii ai ' ut ai in
OOOOO PaT rcta 4la.wtl04U 10JU 104 104
inn i'nit ui aep 10. wj vi w v
p-Sr'ftiM&w 'a 'a-
87 do 191S .,,. M SO SO
17lV)0 Head gen 4... JSH JJ 2
60O0 Walabacb . . . -,!S 00 00 SO
Total aalea today, 1132,037, compared with
119,384 Saturday.
Local Bid and Asked
saturaay-a
llld.Aikod.
30 31
10O 100'i
uvi
....... KU
,..,. "
Today a
Hid. Asked,
sou
rlted.
31
92
Baldwin
ao. prei ,,,,
Cam Steel ...
lee Sioraae ,..,,.,... 4.
aa Aephalt ,..,.. .... .
do pref j
Key Tel 1
dk t O.. .... ..,... ... 1
d pre ,...,..,,.
Ukk 8up Corp
t U ViV . ......
do to W W
un vu ir..,. iie ??
do prr ji
Penna ''
Palia rustrla
PWU Cq
do prei .......
do eunttmt...
Phlia R T-
da t
TleAdlaar ........
Tonopah Belmont
Tonopah illntrur .
trnioa Traction . .
It Oaa Imp
t 8 Btl
-fork nwy
OO pri,!
KBW YORK METAIe MARKET
NEW yOBK. "Tab. IS. Tha (UUI
)t en
SO) . . 30
ns fis
H 14 14M 14S
4H I4H S l
u 101 ezu uiii
a .. 0
TA TU4 74 7644
70 7f)'
i i" "7
Id ZT 28
li 2H 32V H
241a 14ti ( ri
. ., ai .. n
. .. -1 .. 81
38 ,, 88
. ou 10 iou lnu
, ou jo ioQ iov
. 11 C ) Ttjl w
. 2 Mi .i 3K
.aifHjgH H.isii
ift 1 $
S3 3jS 32 32tf
S Steol.... 4:1 10.1 N. Penna...
do 41 00 Key Tel
do 43 3 Phlla Elec.
do 41 10 Penna.
do 41 20 U 8 Steel...
do 43 100 Ualdwln ....
nOKDS.
2000 Interatate nwy 4a
11:30 A. M. to 12 M.
2 II a Steel.... 42ft 10") Ton Ilcl
14 W Morl'd CI., ill 8 Com Steel...
21 Ina Co N A... 21 Vi 7 do
13 Ina PdAChm.. :tu!i
BONDS.
4000 Itendlng fn 4a
(1000 Weltbach 3a
lOOO Elec Peop tr 4a
12 to 12:30 P. M.
0 Key Tel pr,,. 03 110 Ton Mln
SO Kry Tel 14H 3 Am Itwy.,,.
100 Cam steel.... -u au uu iTac
00
14
24
ri
30)i
8SK
s-1
4a
01
00
tVA
2 Am ana War
10 Falrm't PIcTr
101 do
10 do,
34
20
a
BONDS.
1COO th Val gen cona 4Ha. ..,
10OO Chi & Teop tr 4a.........
, 877 Cambria Bteet acrlpt 101T
0 do, ...... ........... ,,..,
31 do..
41 Phlla Co acrlp 1010,
4-1 no lum.......
fjOOO Oen Aephalt deb 3a....
141 Cambria Steel acrlp 1010
1 to 1:30 P. M.
100 U S Steel.... 4S1 20 F.eadlng
S3
30
r tt
41 200 Phlla Elec..,. 24U
do......... .i uim oieei.... ov
Penm ....... 82J4 23 Phlla Klec... 244,
V a Sleel.... 4.1(1 20 Am Milling-... SH
Phlla, Eleo... 24K
2UU1 i:i,i II A. I. Tit 1. ,...,
loOWO C M A S P cv Aa w I iftoli
82WJO chfiui atcvi. cw8.': S?5
..000 cm 1111 & at p dW 4. ss?
woo cm ilii & st p ra 4V4a 8fl 8j
KM Chi MU & St P CV 4i Si$ U
JfSJS S.hJ -S" & St P 4a. .... 1)1 01
.. uii N i' ri ia.... UJ
1(W0 Chi nitl' col 4a.... 23
,2000 Clov Lor & w 0a....i04
rXr " uaa cv 0tf w 1....113
Vxr' "-""ii ' rod oa 10:14 . .
10OJ Del & Hud rM 4a..
loco Den & Hlo Or 4a": .
JSSU S?trolt Cdlaon lat Sa
1000 Dlj secur Corp Sa. .
0000 Erlo Pa col 4a.
8000 Erie prior 4a
22000 Erie .Id ext 4
2O0U ticncral Motor Ua
noon orcen Uay dob It....,
0OO0 Hud Man In S
123010 Iowa Central ref 4a..,
ICOt'd III Cent 4a 1H53
1O0O I V Chi Jt 3a
24.VK) Inap Cop rv Ha
8300 do cv Via 1010
210011 Inter!. Met 4Hs
00O0 Interb n T re 3n
3000 Intel Mir Mar tUi. . .
.aw inter Aiconoi na...
duiKi j a
1000 IC
1000
lOOO Kan Cltv So 3a 01
0OC0 I.X Sh deli 48 102S 01 Vi
.11100 do 4l lU.'U Bl
11X10 I, Val of N Y 4a 2003,, 87
3.VI0 I.Ik & JI T 5a 101
.'1000 do 7a 1WU
2COO Lonir Ielnnd en 3a 101
7000 Ixrlilard Ca 1N4 100U
2000 do 7a 123K 123i
lciOO 3!cx Pet Co 0a Scr A. .100 lOOU
21000 Minn & St Is 4a no K8H
2000 Mo IC & T Kon4Wa.,.. 71 71
Soot' Mo Pac 4a 40 4(1
(Vioo Mo Par cv 3a, 41 44
.'lOJiO Mo Pac Sa 1020 80V4 8H
lino Mont Power ..... 0ti Olti
0000 Morrla & Ease 3Via. . . 8iW 8J
3000 N Y Canal 4 1002 lOOti 100U
10(10 N T c nt L u IM-
70OO N Y C A H 3Ha S0'4
12000 N Y ConnectK 4'4a OU
.1000 N Y City ret 4We 100
14000 .N Y City 4V4a llMH. ..10H4
4000 N Y Cltv 4Ha Nor '37.104U
lOOO N Y N II A II .1'4n '04 m
HUM) .N Y .N II A 11 a IUI
1000 N W Itwy ref 4a. . . .
10.00 Y Itwv adl 3s
tvmn m v v r n 4Uh. .
7i'O0 Norf & Weat 4a....... 03
20011 Norf A Wial CVt 14a.lirj
7II00O Nor Iae prior 4a 00S
20O0 Nor Pan gen 3a Ot
800U Ore A Cal 3a 100U
2000 lint Power Be IMti
2000 PaelBe Tel 3a 0744
4000 Iac Power 5a fvjyi
10"0 l'enna cw 4a 0714
liroo Penna cv 3W 100
13000 l'enna 4 1048 I)7J4
121000 Penna 4'ia w I lOUt
loon lub Perv N J 3a SJ
::o0 Iteadlnp Ben 4a....... 0.1
sooo Hepul. Culia It 1014.. 0.1V4
30 on Ilepuli Cuba 3a 1001.. 03K
17000 Hep I A S Bi 1040.... Olji
R1100 noeK let rfd 4a (I7W
iw st is i ji a s air St. .wis
22000 St U A fl V en 3s... 100
3-00 St I. A 8 P sen na...l(l74
13000 st I. P A N W 3a....l08
111000 Seaboard A I. adj Oa.. (JIW
riooo South Poll 3a...... .07",
2000 HAN Ala Ba lOtvl. . . .lpiS
1000 South Pne 4a '
M00 South Pao ev 4a 81
23300 S P cv ret t n 3a.... 7H
2imoe-uth Pao rfd 4a JOVi
1000 , -Ii Pao term 8a.... 80
1CIUVI CamII. TIvvv nn 4H. . . 07
130110 South Itwy con 3a. . . 004
CHICAGO, Fob. IB. Mny whent closed
at ll.Oii today, a net gnln of IHfloMc.
Although routing; gpotf wero not at the
highest prices, the undercurrent wb one
of strength.
July doted nt I1.3IU.
The corn market closed UO-Hc better
and oata were Up ?4?ic.
Cash sales of corn nt Chicago were
322,000 bushels; oats, 2SO.0OO bushels, nnd
rye 60,000 bushels. There wero 250,000
bushtls corn for export, 200,000 bushels
oata and 60,000 bushels rye.
Chicago elevators now hold only 790,000
bushols of wheat, compared with 6,671,000
bushels A year ago. Tho Visible supply of
whent In the United States decreased
8,372,000 bushels the last week to a total
of 53,oi2,000 bushels, which Is 6.400,000 bush
els less thnn nt this tlmo last year.
The visible supply of corn Increased
bushels. Ot thin time last yenr the visible
3,508,000 bushels to a total of 40,110,000
supply was 17,535,000 bushels.
Provisions closed sharply today. Tho
l.nport duty on hog products Into Can-da
haa been Incrcancd 7H poi cent., according
to a Toronto messago to Logan & Drynn.
This was the causo of tho shnrp prlco
tosses in nog products at Chicago,
Leading futures ranted aa lollowa:
Wheat Open. High. Low. Close, close,
nj i.i4 1.1111 1...4 Ti.r.iiLft
July 1..JHS 1.34?, 1.31 1.34$
corn vnqvr unjyojjrj
PHILADELPHIA MARKETS
GRAIN AND FLOUR
At'ttRAT1 ti.ll Oli oft v...k.l. ..u
port demand waa irood and the market ruled
arm and 3 eenta hither under itronsur Wettern
ftdvlreit.
Jrator No,
I.'HI. KO,
Qvotatlona: Car lot, In export elp
, x rea. snot and Fenruarv. ai.
, n.'.. 1 .a.. iu...... ,
Northern- Ihiluth. ILCOOl.h.
3RJJ
No. 1
CflltV tt....t... sA s'wn .....t..! .....
J'l'vcrtea were '.c. hlher, tint there waa no
'....nr. ,n lw:,, yar loia. iTnoe waa quiet
yuuiniionai- i;nr iota, in Mport eierslor No.
2. epot and rebruary. 81082ci ateamer, 704fl
SSfe' il0-..3! JA-ec. .car lot, jor local
i..r " wMiiiuii .in, s. xeiioTv, new, oi
84 ci atiamer. yellow, new, 83amUe; No .1,
yellow, new, flORSIij inmple yellow, new, 74f
J."" cob' "tT J0 rounda, SJOfWc.
l',TH.rterlnla AiniR h,l,1. VUm
JJ,ftJ.kc.t. w.iulet. but prices ruled' steady.
S ?. n tl.?.'15i . ,1?0' a. white, rttaoajici atanilani
iiv'i. b I' ' wn,le. 04rtUlHC.
111 auppiy
per buahet
lot
email auppiy and quiet ,w
1 OT n. K.1.I..I mm .. ....III..
"PMl eloiator, and at I1.1NJJ1.20 for small
P0ULTU1'
UVEh market qutat with moderate
but ample orteTlnsa at tba lata decline. Qn
tatlona: Fowls, HClJc.j old roosters, 119
littCi chlekene, aott meated, 14C15c. de
itay, l2M013e.( turkeys, HOUci ducks,
lOtflTc; geese, 19011c. t guineas, At to qual
Ity, per pair, 43G5Jc! plteona. eld, per pttr,
22828c. i do., young, per pair, ITOISc.
l)ltrjSKI). Demand light, but auppllea ef
fin dealrable-alied atock small and Ttlutt
of this description well sustained. Quotations:
Fresh-killed fowla. 12 to bo, dry-pleked and
dry-packa, rejected, heavy, 20c.; wtishing 4
f Iba. apiece, IOC. -do., 37-4 lb, apiece. 189
1814c. I do., 3 Iba. npteca, l6Vj017c. do., under
101, apiece, i-tuiuc. rowia, onia..
and rlry-pocked. Weetarn,
nvaa, ain
int. Jul
to.-f.--a7!
ei.arxuai.
Mav
JlllT ....
Oats
May ....
July . . .
Lord
May ....
Jnlv ...
nibs
May ....
July ...
Pork
May ....
.Tiilv . . .
Hid
?U
81
... 11014
... 50
...10.W,
...11.00
...10.1b
...10.40
...I8.no
10.30
tAaked.
82
fll4
37
10.H0
11.02
10.23
10.17
10.00
10,33
fOK
81H
7DJ4
so!J
0054 nitt
3C 157?,
10.77 t10.80
10.1)2 10.03
10.13 tl0.2n 10.20
10.40 10.42 10.43
18.82 18.87 18 00
10.22 flO.27 'lO.M
1.34
1.30
70
81
110H
13(1
10.03
11.07
FINANCIAL BRIEFS
ui
oiW
in
87
1!)0 100'4
!Zli 121U
IU4 11M
100?i
01
01
ai
87
804
:oi iim
a54 '
0.1
102
iuoo
07
101
88
UI
alV4
03
100
1074
103
0314
07K
10K
17
88 (J
117',,
ion
Ti
104-i
0.1
0.1)4
04(4
rrnti
U7J
W1t
100
107H
103
0314
.SIS
.I.....
,..
,....,,,...
10a do....
1 Phlla Eleo. .
10 U S Steel...
8 Phlla Klec.
1J7I iAAJ ten mk ....
24 40 V B Steol,
41U 110 Ton liel...
24Vi
BONDS,
08W
03
03
S3
1)0
80
i 14
03
, 72
, 82
. 4114
54
IN)
r , S24
..??::: iilil
-oon Interttate nwy4s........
tat r.mhrh frtrl acrln 1D17.
3000 Interttate Itwy 4....... ,, 3815
eN uanioria oirei ec,,p .v.i,,,,,,,,,.... "
1000 Heading gen la. .,..,.,,,..,,. ,.,...., Ui
1:30 to 2 1'. M.
110 Ton Del 31',, .1 U O r..,
40 fhlla Elec.... 2iw 400 pmia
23 Am Beet Bug. ,0. 20 do
BONDS.
3000 Heading gen 4a.,,.,.,,.,,,.,..,.,.,, 01
30O0 do ....,,..,...,,,,,,,.,. 8J
0 Phlla t jmId 101J.,..,. ,..r.. I
13A Cambria Sttel aortp 1017 ,,.,,.. MU
02 do ...,.. ,,,,,,,,,,.,. U9
2 to 2:30 P. M.
30 Cam Steel... 4 60 JJ. 8 Sttel,
JO.) Phlla KKW...H,H ifi
'it l).nn, &SII.. 10 1L
10 Key TeJ US , Ky
1 if h 1 42 U 130 Ton
3 inirt N A.. 2tjf 1000 Phlla. flT t 0 10
4k
.. mi
..102ft
..lou
,.101
. . unit
101
04
U0( flnArta 4a
13000 Texaa Co cv Cm ...
lnortTh'iJ Ave new 4a..
12roo Third Ave ad.' S. .
2000 Trlclty Ba
MOO II 8 Oov 4a
2000 U 8 Oov reg 8a. . . .
100H II 8 Huboer Ca
82000 U 8 Steel 3a
boh II S Steel reg Ba...
22000 Union Pac let 4a. .
looo t;n itwyj n r- a j" 5"
mm Va Ki Ilrawn Droa... S3 33 33
2000 Va 1 C A C lat Ba... 83 83 M
2000 Va Itwy Da. , JJK 07 07J4
4000 Wabarh 4 2d vr.ti 23U
lowwJSth m fa ...... looji ioo(J 100J!
1000 Wabaah tVmaha 3Va. . Jpji BOJi
40TO Wab Enu ct, ata 4a. . 22 22H 22(4
82000 Weat 15" A M ov 6a. . Mi m 83
1000 Weat 15 A M 4Ha.... 78 78 78
1000 Weit Md lat 4a.. ns M , 68
20O0 Weat Union 6a SOX 00 004
Total aalea today, 2,013,000, compared with
11.817,000 Saturday,
RAILROAD EARNINGS
43U
Eleo Storate.. 40
..62H14 10 Leh Val Tr... US
y ivi 4t7a
11 Mln Off
tilla. RT t 0 10
wm IT n Htaal 4iU 400 do 10
00 do 4MJ 100 Ton ilia 0
UONDa
sooo Reading gw. U. S3
22 Cambrta. Steel arlp 1017 83
312 do ....,, 83
. 2:30 to 3 P. M. .
MWWv 70H WWar I 4 B,. 8
33 do......... 7di 23 Key Tel...... 14i
4 War I A B. . M? 160 PhUa It T t c. IU
10 Phlla U T t c. 11M4 3 do W
S4 Paona 2,,600 do. ........ 10
sTorTset aif ieo Fktla n T 1 0 10
100 Phil OTU 1 40 Aaa Gat IOU
1X1NPS.
Cambria. 41 scrip 11T 80U
Faaw-a nsi ata w 1... .,....m?.
P6U4. MNetrte 34
de. . . . . If
jiarwo t u
OVl.
100 V a Steel.
HOUTHBnN RAILWAY,
1813.
Klrat week February .. i.'2.420
From July 1 3S.lS7.3lO
runE MAnQUETTa
Tlecember groaa l-ill-SiS
Met ,,..... 230.371
Mx montha groia ...... '.JfO-JOS
Net ,.....,... 2.3S4.307
l.OlIiaVll.K AMU ABUVIIX.r.
First week February..'.,. f037,620 $181,130
rrom July 1 ' 31,bUl,033 9,077,473
ORANP TJlUNK 8YBTE1I,
Ftrat week February. . . , , I7SS.138 187,180
rTOra JUIY. w,iia,uiu a.
emcAao and.ai.ton
First wk February 2i3.Bari
From July 1 S.81,46J
TWIN CITY UNB8.
Flrat week February..., WfO-ITS
From U-'WW-J.hQ$iu
gftralfr,?::::'i:8S
Incraaaa.
Decreaae.
3!l7,vre
0,303,37V
87, 802
138,800
,4.d I'.N
l.SOo! 080
40.TTS
$21,340
St)0,b03
$8,800
5t.l33,
$3,160
4,030
Tho Special Committee of tlio New
York Stock Exchange has estnbllHhed tho
following; minimum prices, to take ef
fect tomorrow. International Harvester
Corporation common, G3: preforred. OS;
Loose-WIIcs Biscuit, first preferred, 00;
second preferred, 80.
The Krosa enrnlngs of tho United Rail
ways of St I.oula for the year ondlns
December .11. 1914, were $12,450,024, decrenso
$231,720; net after operatlnir expenses nnd
taxes, $3,126,206, decrease $133,407; surplus,
$508,040, decreaso $330,083.
The stockholders of the Cloveland, Cin
cinnati, Chicago and St. Louis Railway
will hold n special meeting on March 15
for the purpose of authorizing- that com
pany tc Join with the Pan Hnndlo and
Vandalla In jointly guaranteeing the pay
ment, principal and Interest, on $10,000,000
bonds of the Indianapolis Union Railway.
Tho capital stock of tho latter company la
owned: By the Blir Four, 40 per cent.;
Pan Handle, 40 per cent,, and Vandalla,
20 per cent.
The number ot Pennsylvania stockhold
eru which will participate In the dividend
payable on February 27 Is 01,17. Tho
women stockholders number' 41,347, or
48.22 per cent, of tho total. Foreign hold
ers tota' 11,912, agalns't 11,022 last June,
showing 2!)0 moro foreign holders than
before tho war began.
There hns been ndded to the unlisted
department of the Philadelphia Stock
Exchange Cambria Steel Compnnj divi
dend scrip, payable February 15, 1917,
subject to redemption February 16, 1916,
Interest nt rato of 5 per cent, per annum,
frorr February 15, 1915, payable Febru
ary 15, 1916, and February 15, 1917, trans
ferable at ofllce of the company, Morris
Building Philadelphia.
Parrle & Cc. were buyera of Rapid Tran
sit. The Cambria Steel Company Is sending
out notices to its stockholders, asking for
proxies in tho names of W. II. Donner,
E, B. Morris nnd Alexander P. Morris, to
be voted nt tho stockholders' annual mect
ln on Marca IS.
Net enrntngB of tho Tonopah Belmont
Development Company In January wero
$115,159. against $117,604 for December.
There has been placed on tho regular
list of tho Philadelphia Stock Exchange
$3800 additional American Telcgrnph and
Telephone stock and $32,000 Virginia Rail
way nnd Power Compuny additional lat
and refunding 5 per cent, bonds.
The net profits of tho Jim Butler Jlln
Ins Company for January wero $18,153
against $13,339 In December,
The pricfl of raw sugar fell 13 points,
lo 4.64.
The annual meeting of the Philadelphia
Warehouse Company was held today nnd
Ueauvoau Borle, C. S. W, Packard and
Edward S. Dunn, the retiring directors,
were re-elected for a term of three
years.
U! of nearby araln In base.
I...1 t,'"-rhectlpls. 1326 bbla., and 71',810
!5Liln. Tne market dull and values
u?IS .' Jut!one. per 100 Iba., In wood:
l,JtrJ cl"1 W.SSj no., atralghl, $7,23
.,,-,, i,o , patent, ii.ouuh; Kanras, atraignt.
44 ""ftiS."-."' ""'.! no., patont, jure earns,
7...,v..' ir-'i'S'. """ near,
atralght, $707.23! do., patent,
favorllfl hr-anria. 4fl 'i-lala fin. mlt
and fancy patent. $'A.2J08.30; cftv tntllii, regu
lar grades winter, clear, $707.23! do.,
""S'AV'.i7;?..?7-10' d0" ratent, $Y.8-f8.
ItlK IXOUII, Sold tlqwly, but rulefc
Heady undtr amnll tuppllta. We quota nearby
and e;ltrn, In wood, at $707.00 per bbl., aa
to quality.
PROVISIONS
eiSn"i-lT'Jrl,e.t..,""t .nnd without Important
? 1n;- tluotatlona: Cltr beef In tela, amokod
5mni.,llrlrJSli.i-sa-:!?.' Wettern beef. In eota.
Ii??1"1 -!.3,2-'0c.i do., city beef, knuckles
n"L ln!'''ra, smoked and alr-drled. S7
li.i.-j 00 . W'S,'n beef. Knuckles . and
nnW; "!5led. 2Jff2v.j beof hams, :I1032:
pork, ram v. $22.BW21, hams H. P. cured,
fe. 13V.13(fc.i So7. aklnnS). iaosi. 12Wy
hate .y-A.J0"...".!!?' m3'--sol?'i
",Wmi-i i.S? gV'westtS
s;:-.". ."on ao.. bo led. boneieaa.
iwla, bbla.. dry.plcked
rn. . 403 Iba. apiece.
. 170l8a. : do., do,, a
18V4C.1 do., do.. 34 Iba..
Iba. and under. 14016a. Old roosters.
picaea, 11c. urauing cnicatns, nearny.
id, apiece,. uuuo, ao., lair to good.
so". 1 Vi"!',,,lt''.i. .i nonea, ooneieaa,
niii plcntc shoulders, 8. P. cured, loose.
DleMa? d0-' ."mokl, IH.Olc. ; bellies.
lo avrrin-n. innmn. irtMa'u.i
tii to brand rnJ averane, clt
Pickle;
ri
m
In
loose. 1DV4UI4C.-
drv-
..IM?
r. sstss.w.1 uu.. la r la rao. lon.iv.
Wetlern, VAO'i Iba. apiece. 20Q22c,t do., fair
to good, 14rl8e, Clilckent. drr. picked and
dry-packed. In boxes, milk-fed, 31 to 30 Iba. ta
ooi., 11c; ao., 01 10 44 me, aoz., iTe.i 00., 44
to 47 Iba. to dot., 17c; do.. 43 lbs. to doe., loai
do., CO Iba. and over. 20c. s corn-fed, 31 to 42
Iba. to dot.. 1391AUC1 do., 4JI to 41 lh. It
dot., 10c; do,, 4ft Iba to dot., 19c.: do., 00 lb,
and over, lffc. Chlckent, dryploked and dry
packed. In bbla., selected, heavy, loc.t Wettern,
rorn-fed. 3 Iba. and over, 18c.: do., do.. 4
lbs., 1701TMe.I do, do., 3i4 fba., 18c; Io., 00..
21403 lbs.. 14Q13C. Turkeys, dry-picked, and
drvrt.cked Fancy, nearby, 22c, do., Wtetern,
22c,: fslr to good, 18r20e. old tome, lMVOe.
Duckt, fancy In tioxea, 17018c. j do., ordinary
to Rood. 12qlec. Geeno, nearby, 12014CI do.,
Weetern. 10QI2o. Squabs, per do., white,
weighing 11 to 12 Iba. per dot., I4.30frs.4u;
white, welghlnr I) to 10 Iba. per dot., iLlva
4.70: do., do.. 8 lbs. per not., I.1.30C3.73: 40..
do., 7 Iba. peridot., $3S.1.23: do., do., 0410U
C$1 ior 2OZ40; dark and No. 2, 00a
FRESH FRUITS
The. market aulet and oarely steady with
ika;visr?
rurrt i-,o. . x -,.t -; " . -, -.lix,...
litVri ',".''-' ou" iveaiem curen, 1 iw 10c..
do ' .y,",,,r.n' rellned, t erces. liall'ic: do.,
S?;.,u ." . Jl?llc.i do., pure city, kettle
I.7,d,.re''. Jn tlercea. HOIH'c: do., pura city
kettis rendered, in tubs. llOUVic
REFINED SUGARS
n!2v Jr."'.' .quiet tit former rates Quota
tions: Standard granulated, B.80c: nne aranu
'a'C.l. 3.73e. ; powdered, S.SGo. ; c.3tectloncra'
A, B.Mc: toft grades, 4.00flB.30c
DAIRY PRODUCTS
nUTTnit The market was quiet, with
ample offerings at tho late decline. Quota -tlona-
Weatern, (reah, tolld-packcd creamery,
fancy, epeclala, inc.; rxira, 32c.: entra nrata,
3lc: flrBta, 2DO30C.; seconds, 2&r727c; ladlu
.ackod, 2l(23., aa to quality; nearby prints,
fancy, 35c.: do., average, extra. 34c.i do.,
tlrett. 2US3ic.; do., tecondj, 2ttfl28c; apeclal
brnnd" of prima Jobbing at 40942c.
I'GOH. Demand waa fairly active and
prlcea ruled tlrm. Quotntlona: In free eases,
nearby, extras, 2ue. per dot,; nearby, firm.
S7.80 per Kandard caae: nearby, current re
ceipts, X7.H3 rer caao; Western, extra flrats,
7.so per rae; do., flrata, ?7.( par iaae;
Southern, $7,3007.05 per caae. Fancy selected
cundled fresh egga were Jobbed at 31833c. per
doxen
CIIKK.in. The market ruled a ahade
firmer under light ofterlnga nnd a good ex
port demand. Quotations: New York full
cream, fall make, choice, 17H017HC; do., do.,
fair to good. iaU"fl7c. : do., current make,
lUUfiW'.Sc; do., part skims. 8013c.
talr e liberal ofterlnga. Quotations! ADnlea. New
iqra, per barrel Oreenlng. tiftw ; Itlrie. $1
:&
2.30
med
70c.oii.a3i applea, Delaware and PennaTlva-
1 ,.,
m. .: 1- -" "n , , ,u..u. u, imjs r..,",.
t-Jy tangerineo. Florida, per atran. $2tr$3i
flOrlfla. Mr ho. Hero, nlminmla.
t crate Purto Itieo. I2.riOrW.30! Florida.
If. rail nt halt iwai antln. ...el.tl.. aia an,i e,T.
sii.." ..;. ".i'it.'"Hr";;' ?!;'
i.iiiV't-".'-:' ".K?!''-" ""!" rer oox,
Di'h-t';1" aamper, Sooune,; lomont, per
22.iS orangos, norlda, per box.fl,
box.
iT51?
grapefruit,
Ir crate
4f7.30: cranberries, fancr lata varieties, per
onrrei, n.au4.ao: cranberries, Jartty, per
w...i ".'iiny-'.'"'''?. nwjotf, Kierrar. per
"??- 9lv "irawoerTies, norioa.
vuvv.
per quart.
VEGETABLES
There wat little trading and prlcea favored
b'rahel, Penna., OOflOSc.
York.
Itn
Maine, 43ir33o.: Nerw
In nunlllv. srvnsjim who. n..n..
rfl-lS' r'r bnkt- 303330; tweet potatoes!
Sii.-.1"-' por bamrer, large, $101.23: medium,
;J(J.3c. : tweet potatoes, eaatern ahore, per
barrel, No. 1. $202.73; No. 2. l,ISol.l.7Bi
,'''.1t,.Jer-oy. per barrel. No. 1. $3.2503.30:
No. J, $.02.30; sweets. Jersey, per basket. 00
' '."'.".""i Pr buahel, (tOO70c,j do., oholce.
KS iLnoV-b' ''Sf' il.lWl.S3: do., medium, per
l(fl-lb. bng, $1: do., aeconda, per 100-lb, baa.
.Sa: cabnagn. Danish, per ton, $1!14: eaull
ftowpr, .New York, per crate, $1(11.79: spinach,
Noifolk, per barrel, $1.2302: kale. Norfolk
t , .o, V11105'' 'uce, iriorida. per baa
3: pens. Florida, net batltef. I2.3onir
.,n. I..M. " . m. .Jl. . -
x.ii,, ,-iuuun, iirr mi. ei.ouaj-4:
$10
er.
cucumbers.
plnnt, Florida, per box. 1.BI
Florida, per baaket x.1.30na.
per baakot, $2 2303: peppere. Florida, per
rnrrler. tffM.3n t,ata irtnin T nHJ 4aa
bunches. MBS: tomatoes Florida, per carrier,
fancy. gl$4: choice, floi: celery, Florida, per
crnlo $1.23fl2; do.. New York, per bunch?. 'ISO
yr -t-iD. pasKei, iAK,i9l'
50c.; mushroomn.
IlESERVES GOING UP
Philadelphia Bank Report Shows Sur
plus of Over Thirty Millions.
Tha weekly atatement of tho local clearing
houso banka arrowed an Increase of $1,391,000
In surplua reserve, bringing that Item abovo tbo
$30,000,000 mark.
Loana increased $1,821,000. and there was a
alight decrease In Individual depotlta. The do
talla follow:
SVh. 13 1013.
Loana $307. 423,000
Dcpoalta (Individual)... 314,000,000
Circulation
Duo from banka. . .
Deposlta of banks.
Ex Clearing House
Kcaerve held
Hcserve required..
surplus
11.S21.O0O
31.332,000
130,00fl,000
13,823,000
87.308.000
si.oat.ooo
30.413 0(10
Incro&ae.
$1 821,0(X)
170,000
It.OtX)
Rrci.Os)
2,(10.OOO
1.IM4.000
2,340,000
7S3,1
l.Mll.COO
10, 1U14,
HurDlus under old form. ixahriiarv
$10.(100.1)00: Fnbruarr 17. 1A11. $7,011,000: Feb
ruary in 1012. was $14,230,000; February 13,
IOU, $7,303,000; February 14, 1010, 0.Oii0,25O.
Decrease.
CANADIAN PACIFIC STRONG
Several American Stocks Higher in
London.
LONDON, Feb, l.l.-Cunadlan Pacific, w)th
a gain of t, waa tho outttanding feature n
tho stock market today, although prices for a
number of American shares ware higher.
i.onaon r. x.
Amalgamated Copper
Atchison ......
lialtlmoro & Ohio.'
closo. cquiv.
"!
m ms lyiiiu ..,. ,1?.
Canadian Pacific 10444
Chesapeake & Ohio 4li?
1!
NEW YORK COFFEE MARKET
NF.W YORK, Feb. 15. The coffee market
wne steady at the close. Futurea declined 2
to 0 points. Prices follow:
Today's Today's Saturday's
opening. cioaing. closing.
. 3.33H3.30 A.MW.I.ST B.H8W3 3
ST.... S.04O3.I13 8.0803.70
.S.77H.... S.73T3.74 3.7803.80
.3.77-7 3.7303.7(1 3.7803.80
. (1.830(t.) a73tfn.77 (1.8300.80
. ll.01kH7.00 ll.SIOn.83 a02fl0.!
.aooif.... arofln.iM (i.na7.tKi
. 7.0.1O7.10 n.no-H7.00 T.0007.07
. 7.10?7.18 7.07O7.O.8 7.13ef7 14
.7.170.... 7.16B7.17 7.2007.21
March ....
April
May
June
July
August
September
Octcber ...
November
December .
Hid.
Total tales,
so
Clllf 3T A Rt Pnnl
Denver 4 Itlo Qrande.
Erie -..'.-.v: 221
do 1st pref..r.v. 38
Missouri, Kanaaa & Texaa..., 10
Now York Central 88
Norfolk .- Weatorn 104t4
NYOnt&Wcat 23
Pennsylvania 31 (i
Heading 84(4
Southern Itwy ,. 17
Southern Pacific 87W
Union Paclllo 124H
-flncreasc. Dccream.
?J.. H
. '.
2$ :::::
18S-U.
84, a .....
100H
23
103 1.
143f
UOS 3
MINING STOCK QUOTATIONS
TONOPAH STOCKS.
27.000 boga.
BAR SILVER
In London tndny bar sliver advanced 1-lOd.
to 224id. por ounce. New York commercial
waa quoted at 4S',4c per ounce, an Increase of
"4c.
Jim Duller
MaoNamara
Midway
Mltpah Kit
Montana
Northern Star . ...
Tonopah elllmont .
Tonopah Kit
Tonopah Merger ...
Tonopah Mining....
r.rtcue liulala
Weat End
Bid. Aak.
.07
.03
.00
.21
.41
.13
B
.32
.CO
,03
.OS
2U
.43
.13
fol
.34
NEW YORK BUTTER MARKET
NEW YOItK, Feb. 13. nUTTKIt
creamery, extra, aw to 31c.
22c.
eaav:
apeclal, 3114 to
NEW YORK CURB
...
..a........ 1
ta...,,,,,,,, Xt
urtasq ,...........,,.,
pntith. American. Totcco H
oo niv
rieidlield Coaaaltdated
unlit uauaut
La, lloaa
OTpUjjtujr
oil. Blevator ...
SllllarSlafaoian
Ktariina1 (ium
Tobacco ProductH praf
Uaitaa vr ww.
Did, Atked.
lm
. 174T iku
23
& &
.... Sft tsvi
r- s m
VIV,
:J.
Tho Mercantllo Trust and Deposit Com
pany, of Baltimore, has formed a syndi
cate to underwrite an Issue of $2,rxo,000
three-year 8 per cent notes of tha re
organized sit. Vernon-Woodbury Cotton
Duck Company. The proceeds of tho
Issue will provide the company with am
ple working capital for the next three
years.
Albert W. Morton, of Woelpper, Craw
ford & Co., was elected a director of the
Southwestern Cities Electric Company.
The $3,558,500 State of Massachusetts 4
per cent, bonds have been formally
awarded to R. Is. Day & Co. and Esta
brook & Co., on their Joint bid of 101.619.
The 15 per cent, cash which will ba paid
to those creditors ot the IT, I), Claflln
Company who agreed to the reorganisa
tion plan will require approximately $6,
000,000. One of the receivers said that
this amount would also take care of those
oredltori who did not assent to the plan
and who are to get 29 per cent, for their
claims in full.
The Drier Hill Bteel Company has sold
at par and Interest $l.$00,00O 1st 6 per cent,
bonds, maturing $200,000 annually from
February 1. 1318, to 1S26, Inclusive.
City of Salem, Mass, has awarded an
Issue ot 100,000 4 per cent, loan act of
1911 bonds to KaumberK Trust Company,
of Salem, t 102.23.
City of Medtord, Mass., will receive
bids until February 15 for purchase st
discount ot a temporary loan ot $i0.000.
The Palmer Union OU Company Is ask
ing; bondholders to agree to an extension
of "April X coupons on JC0O.0OO 6 per cent,
bonds In order that the money may ba
used for drilling.
The committee of holders of preferred
atock of United Traction Company of
Pittsburgh Intends to call a meeting with
in a fow days for the purpose of present
ing the whole program ot oontemplato4
actios of tha commute before them.
j also to lot every stockholder tears -
aeiiy wnere tney stana under tne otwrat
Ing sgreemeat made tni 1902 with the
Pitt$fewr h EiUlwaya Ceebaay,
Ruling on Penna. R. R. Bonds
The Now York Stock Exchange Commit
tee on Securities has made the following
rutin?: "Contracts for Pennsylvania Itall
rond Company 4V4 per cent, consolidated
mortgage bonds, due 1900, when Issued,
must be settled on Friday, February 19,
1915. Said contracts may be ecttled prior
to February 19, upon the Heller giving to
the buyer one day's written notice of his
intention to make delivery; that such no
tice must be given before 2:15 p. m.r that
Interest will cease upon the giving of no
tice. The accrued interest from February
1. 1915. to February 19. 1915. will amount
to $2.25 per $1000 bonds (18 days). Tempo
rary receipts In denominations of $1000
nnd 8M00 will be a delivery. Settlement
of contracts may bo enforced 'under the
rule,' beginning February 10, 1915."
LONDON 'CHANGE RULING
LONDON, Feb. 15. Under date of Jan.
nary 29, the Btock Exchange haa Issued
the following ruling with regards to St.
Paul stock, and the rights to subscribe
to the recent offering ta stockholders to
subscrlbo to tho extent of 1214 per cent
of their holding of stock to n new Issue
of $30,000,000 5 per cent, convertible bonds:
'The Committee for General Purpose
haa this day directed that Chicago, Mil
waukee nnd St, Paul preferred and com
mon stock ba quoted 'ex-rlghts.' They
desired to point out that while dealings
In 'rights' are permitted, dealings In bonds
resulting from 'rights' are forbidden
under temporary regulations 4 (3) the same
being In respect of an Issue for an under
taking carried on outside of the British
empire."
GOI.DKIELD STOCKS.
Atlanta
Illuo Hull
Ilooth .
Hulldos
COD
(Tomb Frnc
UlamondMeld n D
Daisy ,
Florence
Coidflcld Consolidated
OoldAeld Merger
Jumbo l"xt ,.
Kewanaa
Sand' Ken".
Silver 1'lck
MISCELLANEOUS.
Falrv Attec .04
ICImbcily 10
Nov HUI , 2S
Ner Wonder , 1.33
Ex dlvldsnd.
.23
.Ofl
.20
.03
.03
.00
.01
.10
.60
lie
.24
.82
.19
.11
.10
.00
-20
.07
.28
.03
.07
.07
Oil
alt
.OS
.Vi
,81
.20
8
.07
.08
.12
.30
L40
LESS COTTON CONSUMED
Census Bureau Report Show3 Heavy
Decrease in January.
WASHINGTON. Feb. 13.-A report today It
cuoil by the Census Dureau shows cotton, ex.
elusive ot ilntera, consumed during January.
1013. waa 403.877 running balaa. compared with
317,290 bales In 1014: held In manufacturing
establishments nn January 31. 1.B16.S00 tralea
in ima aim a, mm.ihii in iuii. ana id indepen
dent warehouses. 4.0SO.0W bales In 1D1S and
2.830.042 in 11)11. Importa. 30.229 eaulratent
300-uound bales in 1U1B and 10.024 In 1814:
More United Railways Financing
With the payment today by tho United IUU.
ways Investment Company of 2U0,0 6 nr
cent, aerial notea that Issue la reduced to
$1)00.000. Philadelphia ttockholders aay that
now thla burdenaome debt haa been brought
to manageable proportions, they intend to make
a vigorous effort at the annual meeting In
May to bring about a readluetment of the com
pany's nnancee. Tha debt to ba funded eon
alata of $u00,000 aerial notea. SI. 4112,300 dlvl.
dend acrlp and about $330000 floating debt or
a total ot let than t3.0oo.O0O, all of which
la now drawing lntarttt. ao that funding
would not Increase tha annual nxad charged.
exportt. Including Ilntera. 1,372,173 running
balea in mio ana -.van. in luu. cotton
aulndlea aetivo during January, 30,303.479 la
lfilB and 3L00&8T8 in 1011. '
I.tmeri consumed during January, 24.630
balea tn 1913 and 23.811 In 1014; held In man
ufacturlng, establishments. 120.440 bales In
1015 and 87.217 hi 1014. and la independent
warehouses. 03.573 bake In 101B and 40.023 ta
1011. Exported. 23.480 balea In 1813,
EUROPE SOLD COTTON
NEW YORK. Feb. 19. Tradlnr In cotton
was moderately active on tne call thla morn.
uai improvea aiucauy alter tne
In.
Tho
around OrOS Europe and
0Sb Close, upen
March ....... 3.47 ".38
May ..,.,,.., 8.8S 8.01
July S.8A 8.81
October ...,., 0,12 l.ofl
December .... 0,12 0.23
January 0.32
Si'
tbj.Wt SOM
High. Low. Cl.
8.43
8.TI
8.00
0.1 R
0.32
9.3U
8.37
fi.ro
8,78
D.0.1
0.20
0.30
naa.
a71
K87
8U3
B.2T
IUU
Sound Investments
JI Trustees, Guardians,
Executors, Administra
tors are particularly in
vited to consider our
"sound investments."
BANKERS
132 South 15th Slret
sVT I Vfala,aai AwArl4 BkUf
4Wrtet 1 m .. oe.... .. a? I MS,"S-J..r -"" ? a.iln-r aBreemtat made In 1302 with thai
IW. l m -i W ft ' ;.;.v;:::u;;;- ig 2 ' y c I ..-.?-- ir,-,.
Capitalization
Rate of income on an in
vestment depends largely on
what the capitalization is
based upon.
When "good will," "future
earnings" or "economies of
operation" are treated aa
values the rate of income will
probably be low.
Earning power is doubtfuL
The apparent evidence of
safety is misleading.
The capitalizations of our
offerings represent the actual
value of the tangible assets
upon which they are based.
Dollar for dollar the values
are there. The properties are
established successes, earning
liberal returns,
Write or call for our
booklet
It explains capitalisation
The White htyetiing CHfaay
WAWIBK WHETSTDKE
HiJladeJcUa Mamatttv
Morris BuiUiu-, mU.UipJw
T
stfSBff