9 fsSps'9 EVENING LEDGEE-PHILADELPHIA, THURSDAY, FEBBUABY26, 1915. B jSflORT COVERING Blading Issues Showed Good f Advances improvement, in 'Atchison Earnings. Lw -wintr. Feb. 28. On covering of Sorts by room traders and by sdmo oUt- 5a operators, my i"v.. ...... w . .t BtrenKth today. Leading la. -.. .. the first to swing upward, and "? iti day progressed other shares, with y IDS UM . ll,-,t ...It. anil hv -if da substantial gains of n point and jjlia " . ,o.1. In mnnv nnrtn nf the, !?' As ft general rule, however, advances l"1' r.j t . nnH.lirt fraction. Itrhs advancing movement Wns checked pu'., . .ri.mnnn. hut tho market held S' the higher levels established during v. rnornina. wu wbu" '" JW....J . "!, Afreet that It would bn Rtdifflcult matter to drive tile shorts to Kjr If Isfo Interests withdrew their KsDoflUon to the advancing movement. mlr ..... MtnntAH Utttnrtk flirt rlnna flirt It".... --1,1 ntr friu.tlonn.llv from tho Mih of the day, but prices were still KfAn encouraging bit of news of tho 'jiehlflon earnings for January and for Hi first ecveii iuu"" v -! jv. T .i- innnvnun nf S2S1.003 In thn ! earnings for tho month, and an months' gross was 13,475,785 larger, and tinner "r mo jo..u ... ,-, ...,.. T1A CVIUP..J WW.... .W.. -- -,...-. ilfii an advance of U, to 94, whllo the (referred rose M to 07. . ..Al. Mt.nt nlnnn -With fhrt TPHt . iJ?.rbt. thuir nlrenirth belnrr lame ly1 caused by the advance In tho price of upper metal to lfi cents a pound. The cosiness' In the metal In tho past week for domestic and foreign account has teen Urge. .,, . ... IThere was a growini, ramib m mo v. . it.nt thA Tiirnnean shlnnlne oltua- tion, In effect a week, has now been pret ty well discontinued, ana mm mo icuuru Of accomplishment of tho blockade de itared by Germany has thus far been MBtee'l common and Reading wore tho .... .--. ..-..,. n.d tVin nHnrt IntArnt tj i..m nnnAnrf.il to ho larKO. Heading '. . . frnrtlnn nhnvn thn final of ves- Outstanding features of strength were Sar-noetucK, wnicn uuvunceu o-u '..i.i. n aaivv. frnm the lost nrovlous IJalo and Amorlcan Tobacco, which Lfcowed a gala of 3 points at 223, later Ufglng off. ..,.,. , , lfji.tf iiavcn, on wiuuu uiu iinimiiuiii . uJ..nA1 Innt nlirtit .n J.t "ffAAtlvA tn- W, dropped to that price on the first few sales, jaier Doconnng uuuimur. Bouthern Railway preferred also reached .... aa linn n 43 TrA.q.qnd Steel Car preferred lost 8 points by selling at SO, IEB llltlll.ll"... f JThe action of tho Federal Government la suspending insuranco raiea 10 um wu.i tone was naturally looked upon as a strengthening factor In the foreign cx dwnse market, but It did not have any ' ..IaUIa AffAAt Tt wn a ihnilfhf ihnt thLs action would place a damper on our wormoua exports ana inus rcauco our Urge credit balance abroad, thus caus- i.t. mnrA otrnnrrth In vnlinnrm rn.tfs. Thn foreign exchango market during the morn ing was quiet ana rates lor tno most pari. coin in isngiana ana ino uonuncm, wcro stout at the flnal-of yesterday. New York Bond Sales Illch. low. f 10000 Cent I'ac alii ....I!" 89 R8J? '000 Cent rac let lo SOW 80 t .WW Cent 11RNJ Ob. lU'A 114ti tfg 1!W Ph.. A nh nv 4Un 71 iir 2000 Chl & Alton 3a S8 c-iwucni at west 48 uu uu lJAV .111 AC ilWll CDU US.ni.uun AVU73 ;-W0OCM & W Ind 4s 70 TO law Chl B & Q joint 4i... 0M4 unu f6000Chl 11 i Q cen 4s.... CO 8044 10'2l., 102'J, HWX) C M & St 1 ev Bs w 1.100J4 lOOVi -iwu u 11 & at t ia s.... ou luuu uni k 1 & r coi 1000 cm n 1 & t 4u. wu cut 11 k os. feuweu Bin sen 4s.... 4000Chl B & Q 111 3V, KO0 Chl 15 & U 111 4s 00 CM B & Q Iowa 4b. .1 1000 Aifami. PlsnTAHn in 71 WOOAmer Agr 5s 10H',i W Araer Bmelt two CS....10454 ., .VV Amur Ul tlk mi. w 'WOO Amer Tel cvt 4Ka.... 08!i aooo Armour Co 4 Via VI 000 Atchison cv 4a 1035... 01 "H.IA .t.hlenn v Ja 1 1IHA . . 1UL4 51000 Allan Co Lino 1st 4s. . W .Milk of V7H1U ana...... i'. TV Bait & Ohio cv 4 Via.. 83 Bait & Ohio Swn SHs. SSU Beth Steel 1st 6s 100 100 Brook BSD 4b 8J aXK Brookn Kap Tr Ba 101 euw urooKn ito xt ds xuia. uuu 700U llrooki. Un Kl 1st os.-lO.'!1! 1000 Cent Ga Cs 102 113000 Cent L-eatli 1st Bs.... P8W Close. 71 i luli , 104S :S.... ou on 4s.. 22 2t-i 20 20 06(5 0!4 1000 Hal Jtr Knilth iHt 4b.. 8(1 13000 Con Uas cv 6s w 1....112U low Cumberland Tel as.... uuki MOO Del & Hud 4s 1010.... HOVi 1000 Den & Bio Or 4s 73 Itoo Detroit Tunnel 4lis...l03 , 000 DIs Secur Corp Bs.... iii 8000 Du Pont Powd 414s... ST B00O Erie conv 4s Ser A.... WK4 SOOO Erl 4th. fit 4s 100U. 11000 Erie 2d ext 4a lOOVi jawu ueneral Motor oa iuin U2UO0 Oreen Bav deb B.... 11 IjttJOO Hud Man rfd 5s 74 rvxi) in cent 4a 1033 o , -WOO imp Cop cv Oa Oil), 11000 Interb Met 4V4s. ...... 75 cjw lnterD 11 r ret os va 3000 Inter Mer Mar 4Kb.... .'14 80 112 Vi its 1.0V5 00) 7S 103 52 87 00 lOOji lOOVi 101 1, 11 74 80 03i IS so so ioo4 1000 Inteml Paper Oa 7U)i 6000 Japanese 1st 4U 80 Irwin r ....i.. .. Am fin 000 Lacka Steel Ss 1023... SOU toou Lacleds Uas 1st cs...iuo WOO Lk Sh deb 4b 1028 00 , 1000 do deb 4s 1031....... 00V4 1000 Louis ft Nash 4s 01 -Vi IOOO Ml.h filnln r.l Ra OKU 1000 Mllwauken Gas 4a.... Olu mtiM Minn & St I. 4s S3 r -ww IMW ak.l, oc j. .u -. ... 7 WOO Mo K & T 4Vi3...... 73 glOOOMo Fao 4a.... 43 IllCOO Mo Pao cv Bs 44 f ..U I.VUtU HIIU V..... ", IOOO M V All. TlralTA nut (U. HO IJWOO N T C & ud Oa w 1..101VJ raB Tf city 4s luui.,,, irji, ROOO N Y City 4?4s 1003,,10:ltl BJOO N Y Gas II & P 4s..,, ! . 100O IM V Ijirk-L A tV 4a.. 03V'. 100O M V W Tr & IT 4a 8!l 80' Hmt) K T N 1U II OS....101 101 l-OOON Yllwy ref 4s,..,,.. 71K 71 Wm N Y ptate 4V4 .lOSty 108 oi; 80 03 00 100 07iJ JUU 00W 101W ml 0!1J. w-5-i 0M1O N Y Tel een 4Hs.... 0.1 80O0Norf & West 4s.... ., 01W 00 Nor Pao prior 4s. Oljl iWMNor Pao gen 3...... 62i 2000 n,. Dhnrf r. j. ' fv. JSC00 Ore & Cat Ba 100 , i facino Tel ss..,...,.. ui vm p.... nu nix. .inn 1W0O Penna 4Hs w I. ...... ,103 lftHi w ruuiiu oerr 41 u u.. "" "' 00 Rep ir & s BslOlO.,.. 03U U SOOO Illn fir. AV W i-lt it 7111 7 W)Rook Island 4s 82 S: ixuinoclc Island rra .... " ? oo Bock Island Bs B B SU Hn.1, l.lin r. 102U 10 WO B L 4 8 F rfd ct 4s sta 62 "w i t 8 r rra s..,. n j j" ne&ooara a i auj us. . ...j? " SCflO Seaboard 'A I. Sta 4s. , JO g (006 Rnulh p.. J 821'. K ritn .!.,.. fcnu h ,5oo do ev ret f"n Bs.... pa.tt o SKftt d, ,(,i ii 5'H 2 soutn Pc Term os.. i JJKS Boun Kwy en 4"- II.J oo con os A3 14 80 70 BfOTtaB Co cv 6s. ... K" xnirn av new s. . SBfiW' s t .br s ;W HWOU B Steel Bs JP9H rnxJ" to re 5 "., ilfiS ln""' Vs0 Jt is PJJ Fiw a0 cv 4s & t$P V" Owvi B F 4s 47H 3J? V 0i Brown Bros ... M SSTO a 1 iK.m 1hI Ks. . OO iM V Rwy Ss S S Wabash 4s S3 Tr" "at1 i ' us. is. . . . f" ly-Oft Wett Fleetrlo Ba 101 iMij west Ma lit 41 "Vt '"! wiarnn ent sen ... bo wtl sslea $1 6S4.000. compared with J ifQ0,O0o, 91H P 102.; 64 80 IP ft B1 OR'A UT 80 78 102H 100 100 044 DIU! 20 raii 4 ij 88 PHOl'OS.1.8 li "E 18 HKHEBY GIVEN that the Colonial t under the inortKnge of Colon Ul Cnt- La 1 n.mfian. f (h. Rt.tn of PsntlSVlViintA Apr!! 1814. In jucordatue with b '"ajfins f Lsaia majngase, ioves isoaers mSOtmaaui fu? t'onds to b sunrjadsr6a lor m'nm on or inrore tn nrw ay oj April, iirr t ih. ..nlrlnc fanii ia iHa ss F ftf' urctr. t wniy tluuJ i005j "".-'I'sUi TBI r ' iMl'iNI TrB I - iC--. fi'fc, i i r.n.i, 1 , sol. E t Aea) TorA; Stock Sales Lost close, lllsli. Low, Close. AlfjVs Gold Mines .... 27! 28 27H 28 Amal Conper ......... glM 62), 51H B1U AtnAe Chem ......... 49 48M 48H 48H AmllPtiRnt... .Irtjf 37J 37 37). Am Brake Shoo ....... 87X 87)f 87Jf 87) AmCan ............... 20 25H 20 2C) AmCanpref 92 02X 92 B2)f AnrrCar&Fdy ...... 40 40 40 40 Amcr Car & Fdy pref .112 112!, 112H 112! Am Cotton Oil 44 45 44 4J Am Hide A Leather pref 25 "StM 24H 25)( Amice 2SH 2i 2fiU 2SU AmLocomotlTa ....... 21 20M 20W 204 Am Smelting mH 01 G0) TOH AmSuwr 10OH 101 101H 10IU Am Sugar prcf 109)4 11 OH 110X 110H AmTel&'rel 118 118M 1181. 118). AmTobacco 219 223 221). 221X Am Tobacco pref 10SX 105X 105M 105)4 Anaconda Copper 2fi 25)4 24)4 2fi54 Atchison 0214 94 03H 94 Atchison pref .96). 97 07 97 At Coast Mno 90 eg gg gg Daldwtn Loco ......... 30)4 30H 30 30)4 Hallo ft Ohio 65 05 C3'f 6454 Beth Steel 54). 65J, 54 M nrool.m napld Transit 85H E6)4 E0)i 0)4 Brunswick Term 6 6 5 5 Bultctlck 29)1 29 29 29 California I'et 17)4 18X 17 18 California Pet prof .... 50)4 62 62 62 CanTaclflc 166)4 167X 160)4 160W Central Leather 34 34!4 34)4 34)4 ChcsAOhlo 40 40 40 40 Chlno Copper 35 35! 34 35 ChlcOreatW lOJf 10H 10H 10)4 ChlcMH&StP ...... 8354 84)4 84 84)4 Chic Mil 4 St P pref ..123)4 123)4 123 1232 Chle&Norlnw 124)4 124 124 124 Chic ft Northw pref ...170 168 108 163 Col Fuel & Iron ..'..... 23M 23 J4 23)4 23 W Cora Products 0 9)( 9)4 0)4 Corn Products pref .... C6H 05 05 06 Delft Hudson 147K 144W 144K 144)4 Distillers BccutlUcs ... 10H 10)f 10 10)4 Erie 20)4 21 204 20)4 Erin 1st prof 33 33)4 33)4 33)4 Erl82dprcf 27)4 27 27 27 FedMASpref 20 24M 24H 24)4 Gen Chem 172 173 173 173 GenChcm pref 107)4 107), 107)4 107)4 General Motor 87 87 fiOH 0)i Goodrich Co 30 31 30)4 31 Great Northern, pref ..113), 113W 113)4 113W Great Northern Ore ... 29)4 30)4 30)4 30H Guceenhclm Exploration 48)4 49H 40)4 4 OK Interboro-Met 11U 11JX ll 1154 Interboro-Metprof .... 54 0 55 65 IntllarvCorp 55 55 65 55 Inspiration Cons 18)4 1854 18H 18H Kan City Southern ... 2054 2IH 21)4 21)4 Kisceo 100)4 1C6 106 100 Kings Country Eloc ...120)4 1205, 12054 120)4 Lchlsh Valley 13054 132 131 131 Liggett ft M Tob prof .117 11854 118)4 11854 Loose-Wiles Biscuit ... 10 18 10 18 Loutsv&Nash 112 112 112 112 Macltcy Co prof 67 05 65 01 MayDcpt Store 60 f2t 62), 62), Maxnell Motors 23)4 S3J4 23H 23M Maxwell Motors 1st prof 60K 62 00H 01 Maxwell Motor 2nd prof 2354 245X 24)4 24)4 Minn ft St L 165f 15)4 15H 16V4 Minn & St L pref 38 38), 3754 38J4 MStPftSSM 109 109 10' 10) Mexican Petroleum .. 05)4 075f 05)4 00)4 Mexican Petroleum pref 74 72 72 72 Miami Copper 18)4 10)4 18)4 19H Missouri Pacific 10 10)4 10), 10H Montana Power 48)i 48J4 48)4 48X Nat Enameling lOX 10 10 10 Nevada Con 11X 12 12 12 NYNII&II 45 44 43 43U NY Central 82)4 83) 8254 82)4 NYO&W 2254 22)4 22)4 22)4 Norfolk ft West 100 101 101 101 NoTacinc 100)4 101 100)4 100)4 Pacific Mall 10 10)4 19H 19), Penna 104)4 104)4 10354 103)4 Pittsburg Coal 1854 20)4 19)4 20)4 Pittsburg Coal pre! ... 00 02)i 81)4 9254 Pressed Steel Car pref . 98 02 00 90 Pullman Co 160)4 160K 160)4 150M IlayCons 105, 3654 16)4 165S Reading 14154 U2H 141)4 142 Beading 2d pror 82 81H 814 81H Republic Iron & St ... 19 19)4 10)4 10)4 Rebubllc Iron & St prof 73 74 7354 73H Itock Island Old 21 21H 21)4 21H Seaboard Air Una .... 12H 12)f 11)4 11M Seaboard Air Lino pref. 34 3254 32 32 Sears Roebuck 298 200)4 20054 200)4 Sears Roebuck prof ...1255 J 125)4 125)4 125)4 Southern Pacific fc3 b3)j fc3)l 3)4 Southern Ry 1354 13H 13)4 1354 Southern Ry pref 45 43 43 43 Studebaker 4354 45H 44 45 Studebaker pref 02K 91H 91)4 9154 Tennesseo Copper 20)4 27X 26)4 26J4 Third Avcnuo 445' 40 45 45VS Twin City RT 95X 9654 9554 9554 UntonPaciflc 117H 118)4 117M 118)4 Union Pacific pref .... 81 81)4 81)4 81)4 Ufi Rubber 63)4 6354 63)4 53)4 USSteel 41 4H4 41)4 41)4 USSteelpref 103K 103)4 1035. 103)4 United Cigar Mfg 4554 45)i 45) 45)4 Utah Copper 4954 51 60)4 50)4 Wabashpref 1J4 154 W 1 Western Union ..r.... 01)4 62 01X 62 Westlngbouse Electric. 65 6554 65 65), West Maryland 1654 16)4 10)4 16), Wells Fargo S0M 82H 82 82)4 Willys Overland 80 92)4 b9W 92)4 Total bales today 145,900 shares, compared with 239.317 shares yesterday ; sales this week 609.78t shares; last week 1.040,681 shares. Quoted or dividend In New York today: Delaware & Hudson, -i per cent.: Northern Ohio Traction & Light. 1ft per cent. NEW YORK CURB Bid. Aaked. linden ,gJ4 ,0 llr-Am T old Vn 18 Ur-AmTnsw 18 1SU GoldHild Cons , JH Vn Greene Can 2S)i 20J La Bos Ji . NinlaalnK Jfa Otis lllovator 68 oo Otis Blfvator prat 88W 00)4 Rtker-HoBeman J JJ warllnK ilum 3v Tobacco Products prof 01 02 United Cigar Stores .v. 88 oo linn til iltKur Stores prof 11- JIT United Profit Sharing new 5 3-10 3JJ World Film ... Js Yukon Gold 2? 25 BULLION HOLDINGS SJIALLER Bank of England's Statement ShowB Decrease of 1,674,000. LONDON, Feb. 25. The weekly statement or ths Bank of England, Issued today, showed a decrease of JJI.HT4.000 In bullion holdings. pSbllc deposits fell 18 392X00, while prjvato Keposlts advanced lB,ibl,O0O. Details follow: aeposus "u,"ThlB'wetk'- ji.t wee!c. Laet year. Circulation .34,222,000 I3,107,00U 28,210.000 Public ! dens. 20 024 OOO 40.318.000 20,030,000 Trlv deps.. 132,888,000 117 617 OOO 4J,U8,00O liovrnt sees 20 024 000 24 802 000 11,252.010 mho? sees. 102 031 OOO 101 700 OOO 37.080.000 SSKfve".. 45.008,000 40;828:000 32.U1I.000 VK,0rto0nUab. 30.00 p.c. 81.54 p.o. 51.41 p.c. (Bullion ....I e3.8Tl.S00 e5,o4500 .703."O0 Wank rt.. B p.c. al p.c. P.C LONDON STOCK MARKET LONDON, Feb. 25. There was little business on the Stock Exchange today. Jobbers peti tioned the committee not to allow brokers to continue to deal with each other direct or by the way of the official tape. Ollt-edged Usues showed a disposition to sag. with ths exception of the war loan. Home railways lacked atead. liieis because of fears of labor difficulties In shipyards. Americans and Canadians were fc"' London. N. Y. close, eoulv. Amal Copper ....,.,. B3H KU4 - Jl Atchison ....; ;, S?? ,?2 Tit? Canadian PlftO;; " "J3? l Chssspeake & Ohio..,,,.,,,. 4Uf 30)f ., Chl M & St Paul 87 3H ,, Prie U 20 U do Ut pref,. ,,.,,,.,.,3414 jVp U Illinois Central ,.,.,.100tj 102U li New York Central ,:... 88 M 8 Pennsylvania 54 103V, J, Beading ,. T3t 140H Jj South Pacific ; 83'J - g Union PacWc. ............. .,120 lu) 9 " Ex dividend. Decrease. --Increase, DIVIDENDS DECLARED American Manufacturing Company. rpilr miarterly 1U per cent, on common and 114 Ser cent, on preferred, both payable April 1 to stock of record March 19. Labolla Iron Works, auarterlv 1 per cent. 0n preferred. MyabU March 31 to stock of rBllway Steel Spring Company, regular quar terly, lit Per cent, on preferred stock, payable March 20. to stock of record March ft 1628 Chestnut Street U our new address, OeorpW.Jacote&Company Publifhgrf. Booksellers and Stationers BETTER FEELING IN LOCAL MARKET Cambria Steel Scrip Strong Feature Rapid Transit and General Asphalt Decline. Although tho local market was not nctlvo today, tliero won a better fecllnir throughout the Street. Demand, however, was not large nnd there wnn a disposition among trades to continue tho waiting atti tude of tho last several days, until thero Is nomo favorable news, especially nbout ths shipping situation abroad. Price) movements were mixed, being divided be tween advances and declines. The bond market was the most active, and It was reported In the Street that Investors are gradually comlner back Into the market because of tho cheap money rates and tho fact that many Issues are now Belling at a point where there Is n favorable return on an Investment. Tho outstanding feature of strength In this branch of trading today was Cambria Steel scrip of 1816, $217 worth changing hands at D7U. up $1X0 from the last pre vious sale. Tho company's scrip of 1917 also scored an advance of 60 cents to Ofi'.s. A ruling was mado by tho Phila delphia Exchango that on nnd after March 1 all deliveries of the Cambria Steel scrip shall be by transfer, except otherwise agreed on at tho time of tho sale. As far aa the amount of trading Is concerned, the now Pennsylvania 4H per cent, bondfl, when Issued, furnished tho active feature. They changCd hands at 103. up from tho final of yesterday, needing general mortgago 4s, which reached a new low point for tho year yesterday nt 81V5, sold at the samo figure today. Five shares of General Asphalt pre ferred sold at 63V4, off U.B0 from tho last previous sale and the lowest point this year. Rapid Transit trust certificates sold at 9TS, the low point of tho year, 1C0 shares changing hands at this figure. This Is below the last previous sale. Tho com pany s stock sold at 10V4. unchn'tigcd from tho last sale. United Qas was stronger, being up at S2V4- The Blight strength In this issue was no doubt duo to tho announcement of President Bodlno that ho and tho other ofllccrs of tho company are progressing with tho plans for re organizing the street lighting business of tho companies controlled by the U. G. I., so that they will conform with the views of the Department of Justice On tho sale of S3 shares North Penn sylvania gained $1. selling at 81. Fifteen shnrcs of Lit Brothers sold at 19',4. nftcr 185i had been bid. Steel common, on short covering, gained 4 to UM. Philadel phia Electric, on modcrato selling, lost Vi to 2354. but Inter recovered part of Its loss at .23. Just beforo tho close 20 shares of Cambria Steel sold at 42, up Jl. Financial Briefs rnwh,.rri rVnrrnt stockholders at tho annual meeting in Baltimore today re elected retiring directors. Tho prico of copper was advanced to 13 cents a pound. E. T. Stotesbury retired today as a di rector of tho Pcnn Traffic Company. Ho wns succeeded by Alfred M. Gray, sec retary of tho company. It wns reported In New Yorkithat gold to tho amount of Jl.000,000 has been Im ported from tho Far East and deposited In tho San Francisco Mint. The Anaconda Copper Mining Company has negotiated a sale to tho National City Bank, of Now York, of H6.000.000 5 per cent two-year notes. With tho proceeds tho Anaconda will purchnse from tho Amalgamated Copper Company tho United Metals Selling Company and the notes of the Amalgamated Company, amounting to $12,500,000, which mature on March 15. Tho Anaconda also will spend $5,000,000 to $6,000,000 in improvements this year. An extra dividend of 2 per cent, has been declared by the Peoples' Natural Gas and Plpeage Company, payable March 4 to stock of record March 3. Tho gross earnings of 23 railroads for the second week of February were $7,225, 465, a decrease of $171,259, or 2.35 per cent. Local Bid and Asked Baldwin do pref Cum Steel Klec Storage Gun Asp .In rifaf ............ Keystone Tel 14 do prei Lake, Sup Corp Lehigh Nav do t c Lehigh Valley Lehigh Val Tr do pref ., Pennsylvania Phlla niectrlo Phlla Co do pref do cum pref Phlla BapTran Ha t n. ... ...... Beading "'it Tonopah Belmont i, Tonopah Mining en Union Traction U Has Imp ol II S Steel 41H York Bwys ,. 8V4 do pref 30'4 Today. Yesterday. Bid. Asked. Bid. Asked. 30 32 80 32 00 100 ftt)?i 100V4 4PK 42 4H4 42 48 48W 47 4S'.i 20 .. 20 inn .. ni UU 14 1H4 nir ni,r O-U I? U-7A Vm n .. n 74 73 74 7.1 74 73 74 75 (Wt4 t fiSti fW WW 14U 13W 14 2(VU 2714 2(l?i 27(4 (12 82 1-16 R2 B21J 23Vi 2JS 23K 23tA '.', 32 '.'. 32 37 .. 37 10 10K 0 10 014 10 0"i 10 11. 7S 797i 8 3K 4 0n 01 38 . . 38 82 82 82' 1 41W 41 4Uj 7 oij m 82 30V5 32 Sales in Philadelphia S514 100 43 4 . . Yes close. 11 Un. T..0W. 10 Am Bftt Sugar.,.. 87 .37 iui Am uas .......liAi iw jw 15 Am Bwys ,..,., 3tt 10 Bald Loco 30 23 BaM Loco prf..100 JO Cam Steel 41 ft Eire Storage ... 4S B Grti Adnh pref.. OS 10 Interb Met t c. ,. 12 Key Tel C rref. 03 .1 l-fhleh Nav t e. 75 15 Mt .Brothers .... SS North Penna .. 00 310 Penna n n...n 52 1 Penna Salt Mfg SS 138 Phils Elee 23'4 100 Phlla It T...... 1014 it. it i ir cus. .. nil neadlnr .,. 400 Tononsh Bel 2SO Tonopali Mln ll& 100 42 Close. 37 100 33 :ioy4 J42 4H (Vl'i 03'4 W a T8B 210 U O I . 1210 Xt B Steel ..... 100 U S Rubber... m J5 3?i n l5-io a 13-to 3 is-io M74 "7 vr VT ffis m m PS 23fi II m 52H M. 2:14 I OH IA M 41H t mm . m.1 ttlvh. Ijnrt 1000 Beth Steel Os. .'llOH "JS "jS "Sft & S2VS 81 4l(T 41 MH M!4 Total sales. 3007 shares, compared with 6380 yesterdays this eel, 12,853 sharn; last week, 84,023 shares. BONDS. Low. Close. 317 Cjtm n u-rn 1010 00 0714 0714 llttt Cnm Pt rra 1B17. OO WVt .m nw ;on r is j 100O Am an & K V(1 t. V irpn con. IflOO I. V lr iHt Rs 42flon Pa rn 4U w I woo pa cv ii'is iinn.iiv.. WiOO Pa conv 4s 1043 074 3300 Phlla Klce 4s... W) 42 Phlla Co sp 'in. po 110 P Co scrp 1018 M 1000 Pitts Y A. A 8s. .. SOOO Reading- gen 4s Hlvi Toiai ,Ata tTi.n7. veaterdav: this week. 177.0S.1; laet week $471,108. r ss.itw g r. 85 tin 4s 87U .103H 102.H 102H 102 i 8514 854 8 8714 8714 874 102 1022 1021,1 1034 1034 10l 100 100,, 100 1)714 7'4 07H SO 78tt SO 00 00 DO 8(1 SO 80 105 105 tOS 0H4 0114 014 comptred with $41,831 177,t)S-l; 13Bt Local Half-hourly Sales 10 to 10:30 A. M. 100 U S Steel.... 41 40 Penna 521- 10 do B211 R do R2V 100 IT 8 Steel. 20 do. 10 elo. IOJ do. 101 do. 20 do. 100 do. r u o 1.: 100 Ton Mln.... 10 U B Steel... 20 do 100 do 200 Ton Bel 0 Phlla Eloc. . . 20 U S Steel... 25 Phlla Elec... 10 U Q I 41 4114 ... 41U ... 41K ... 41 ... 41 ... 41 BONDS. 12 Cambria Steel sc-lp 1017 6000 I'cnnsslvnnia ret 414" w I.... 02 Philadelphia Co ecrlp 1018... 5500 Pennsylvania conv 3Hi 1015. . 54 Cambria Steel scrip 1017 125 do 2000 Beading gen 4s K00 do 1000 Beth Steel 6s F00O Pennsjlvanla rets 414s C000 do 2C00 Reading gen 4s OS Cambria Steel scrip 1017 1000 Lehigh Vclley Tr 1st 5s 1CO0 Con Traction N J 5s 82 4114 1 23 8214 . 00 .ions . so .100 . on . no . 01 . 01 .llU-l .101 .103.V . Mil . on .102U .1021'. 10:30 to 11 A. M. 11 Penna 52 01 Am Has 10 Baldwin aoi 2 do 100 U S Steel.... 4t4 100 U S Stcol..., 100 Phlla R T t r. 0T 35 North Penna. 10 U S Steel.... 4114 IS Lit Brothers. 100 do 4I4 BONDS. 6000 Pennsylvania cons 4s 1043 1000 Lehigh Vallev gen cors 4s 217 Cambria Steel scrip 1D10 43 Philadelphia Co scrip 1018 101 100 4114 , 01 1!4 slit 08 60 11 to 11:30 A. M. 33 Am Gas. 5 do.... 5 Gen Asp pr. . 0314 .100 .100 BONDS. 14 rhllndclphla Co scrip 1018 lO"0 Pitts Y & Astabula Rs 302 Cambria Steel scrip 1017 11:30 A. M. to 12 M. ,82 23 do , 82 1 Penna Salt. BONDS. 3000 Philadelphia Electric 4 62 Cambria Steel scrip 1017........ 28 U 4 G I. do.. . SO ins . OB 82 S3 781J 06 12 to 12:30 P. M. 24 u a 1... in u o 1... 3S do 80 do , 82 33 Pcr.na ,82 80 do r.21J 10O Thlla Elec. S2U 5 do BONDS. SO Cambria Steel Bcrlp 1017... a... 181 do 1000 Lehigh Valley gen con 4s 12:30 to 1 P. M. 5214 5211 00' 4 0(114 8714 100 Phlla R T... 1014 1 Tenna 100 U S Steel. 4114 100 Ton Min BONDS. 10000 Pennsylvania rets 414s w I 15v0 do 1000 do 1 to 1:30 P. M. 10 Am Bt Sugar. 37 SO Ton Bel. BONDS. 30 Cambria Steel scrip 1017 1:30 to 2 P.M. 6 Penna 52ia 50 Ton Mln. BONDS. 500 Philadelphia Electrlo 4s 1000 Pcnnsyhanla rets 414s w I.... 21 Philadelphia Co scrip 1010 21 do 52i O-l 2 to 2:30 P. M. 2UGT R2 1 Leh Nav t c. 15 Am Rwy 85 B Eleo Stor.... 25 Baldwin pr. ..100 12 Key Tel pr... B Ponna ...,,. 52f 1 Penna ...... SUQ 1 82 BONDS. 1000 Am Gas & Eleo Cs .103W .10354 .lOJlJ . 3 . 0614 . 6?i . SO .103'4 . 00 . 00 74ft 48 63 B2' 83J4 2:30 to 3 P. M. 100 XT S Steel.... 100 Ton Bel 2 U G I LOO Beading 10 do 10 Inter Met t c. 82 71 u 100 tj a 1 6 Penna ... 8 U G I.... 20 Cam Steel. 50 Ton Bel.. 11T4 100 U B Rub.. . 82 . 5214 . 81 . 42 . B3lJ FOREIGN EXCHANGE NEW YORK, Feb. 25. During the morning tho foreign exchange market was quiet, and Quotations were nominal, at about yesterday's final figures. Rates follow: Today. Yeaterdav. Sterling, aemana ... Sterling, cables .... Ftancs. cables Francs, checks ...... Relchsmarks, cables 4.80 4.80fl 4.SO 1.8094.8074 4.8041 O..U 0.2BK 6.27 B.27 . 8314 83 TRUSSES KI.ASTIO cmniriuna ABDOMINAL SUrPORTKHS, JSTO. Lady attendant. Purchase ni A VRT.T.'Q direct from the factory. ' '-'" HiLiLi St 1011 SPRING OAKDEN'Sr. SNit.X'SS pk JMefoitcim .mded "And I don't mind telling yoa that six months ago, before I learned how to get the real use out of my Bell Tele phone, some other fellow would have dug up that fat, juicy order while I was fumbling with my call ing card." n M - Stir around; telephone I "It's a cinch" when you know how, and a call or two will show you. The Bell Telephone Co of Pennsylvania vAA-i f I I GRAM PRICES DROP ON EMBARGO REPORT All Cereals Ended Lower in Chicago Pit Longs Sold Freely. CHICAGO, Feb. 23. Tho shipping situa tion abroad, ns the result of the placing of the war rone around Great Britain, coupled with the announcement that tha Federal Government Insurance bureau had decided to BUspend writing: Insurance on cargoes of ships to belligerent coun tries, had no effect on tho srnln market today. In the early trading May and July wheat both sold off under offerings by commission houses, but later In the day both strengthened and mado good ad vances over the final prices of yesterday. Thero was a report In the grain pit In tho lato trading of the possibility of the Government placing an embargo on the exports of foodstuffs nnd prices of all grains sold off, going below the final of yesterday. May wheat ended 214 cents down at 1.63H whllo July lost 3U cents at $1.2Sli. Thero was atBO heavy liquida tion by longs. Advices from Washington nuggeetcd that tho Administration, through soma means or other, wilt endeavor to eolvo shipping problems so that American ex ports may bo conducted with less rlslt. Until the policies of tho belligerents are, more clearly defined, opinions ns to tho futuro trodo count for little. All In all, thero Is nothing to encour age purchases of tho now crop month, May, taking tho great harvest prospect for 1916. Leading futures ranged as follows: Yest'd's Wheat Open HUh. Low. dote, close. May I.BR14 1.S7U 1.53 l.B34 1.55 July L28 1.2fl( 1.21 1.2S4 1.2S15 Cum (now delivery) May 74J4 7314 7214 72J4 74H July 70 77l 74 74'li '-Gli Oats May 57'4 51U 50 fWUi Wli JulJ 54 55 M4 MS 'Oik Lard Mny 10.50 1050 10.15 I0 17 MO 45 July 1070 1(1.70 10.35 flO.35 10 03 Itlhs- Itav O.n, 01)7 0.73 0 77 0.00 Jlllv 10.22 10.22 10.03 fl0 03 U0.20 Pork May 17.S7 17.87 17.10 17.22 117.75 JUlv 1820 18.22 17.50 17.35 MS.10 Bid tAsked. LIVE STOCK QUOTATIONS CHICAnO, Feb. 2.-.. HOns. Berelpts. 25, 000. Market. 5c. higher. Mixed nnd butchers , J0.4'iHOS3: good heavy. fl456.75; roiieh hcaw. n.253il4(i; IlKht. S0.33a0.83; pigs. 1,1.73 wo.sv bulk, sn.eofro.so. CATTLE. Hecelnts. 5000. Market slronc. Beeves, $fl.7B0.10: cowa and heirers. J3 40 S7.30; stockers and feeders. $1.40216. Tcxans. f67.10: calves. J8.50W10. P1IBEP. Becelpts. WOO. Market, stroni Native nnd Western, tl. 0537.70; lambs. J3.85 flO.OO. " NEW YORK COFFEE MARKET NT.W YOBK. Feb. 25. Trading was light In coffeo futures nn the New York exchange nnd there was .tittle change In prices. Futures f nllow: Today's opening. ..3.15 ..5.53 Mutch . . April May Juno July August September October November December Totnl sales, 18,750. -ma Today's Yesterday's closing. closing. 5.4885.40 5.4RW5.40 5.5.103 51 5.5(Wi5.5!l r.02f?3.IU 5.0005.62 5.04B3.0T 5.03W3.70 5.0.-,5.(l(l 5.flXM.-i.7() 5 (175)6 70 5.055 60 5.61IJJ3.70 -t.. u.(;ira((.,n h.7w(i.7 ll.84g0.8S 0.S2(fffl.M ILfttfiaMI 0.00 o.snflrt.oo 0.01(8(102 n.os n.o.ifl.n fl.osen.oa IKnJ.ll T.U.'UT.UJ I.O(iB7.07 NEW YORK COTTON MARKET NTJW YORK. Feb. 23. Notwithstanding dls sppolntlng cables from Liverpool and nowa from Washington that tho war-risk bureau would suspend Insurance on ossein nnd car goes to the war ?one, the cotton market opened steady today, with prices unchanged to 4 points lower. After tho call, however, tho Hat turned easier under genernl ficlllng nnd quickly de clined to a new loss of about 0 points for tho active list. New Orleans and locnls wero buy errf. The weakness of Liverpool was attributed to selling against heavy purchases by Kngllsh Interests hero today. In the lato nfternoon prices regained their loss of tho morning and all months advanced above last night's finals. At tho close December showed an adtance of 17 points from last night's final Yes. Close. Open High. Low. CIoso. March 8 22 8.22 8.30 8.22 8.30 May 8.40 8.40 K.52 8.311 S.50 July 8.07 S.ftl 8.75 8.00 R.72 October 8 05 S.03 0.03 8.80 n.00 December .... 8.00 0.10 0.20 0.10 IU7 Spot 8.35 8.31 PHILADELPHIA MARKETS GRAIN AND FLOUR WIIKAT neeelpts, r.O.Olil buh .There wss a fair expert demand, but, with bearish speculation In all home grain, centres, prices of both spring and winter varieties declined -'e. Quotations- Car lots, in export elevator-No. 2 red, spot and Pnbrunry. l,rll.. ro red Western. t.S01.OI Na. 1 Northern Du luth, 1.02?1 07. . .. ... COIIN. Itecelpls. 4103 bush, .The market for export dellterles was dull and l'ic. lfer, under easier outside advices, while locsl car lots declined l2c. under a light demand and general pressure 10 sou. uuoihiio". -j-g' ""' in export eieiamr o. i, eput nu ZZb,,a: 7t4e70i,e.: stenmer, 74B75C,! No. , 73740. Car lots Tor local trade, as to location 1-0. jelloiv. soc.i steamer yellow, 77e.! No. 3 jel low. 7Be.: esmole vellow. 70374c.t new cob, t,e 70 lh. . KflR2i.. OATS Receipts. 20,045 bush. Trade was nuiet. but prices ruled steady. QH0,i,'.?.n!l No. 2 white, 0114S6IC.: standard white, 624 0.1c: No. a white, G2B62HC. , HVn was In small supply and firm. We quote at 1.22W1.21 per bufh., as to qual ty. In extiort elevator, and Sl.tS31.17 for small lots of nearby grain In bags. . FLOUR neeelpts, 1300 bbls. and 036.080 lbs. in sacks. The market was dull and largely nominal. Quotations, per 100 ,lbs. In t.' 11a ,.Ab. 1TTVI1 ,A,nv. flrat. r.teflr. so. 6W: do.', straight, 17(87.25; do,, patent, 17.30 i..n.; oo., invorue oranas, '.'HTiJ"j -:y. mills, choice and fancy patent, J7.73B8 10; city mills, regular grades winter, clear.. f0 7W7i do. straight, fg7 23; do,, patent, tT.it807.rsl. IlYK FLOUR was quiet but steady under light offerings. We quote nearbv and Western, In wood, at tiT7 23 per bbl.. as to ntiallly. PROVISIONS Trade was quiet, but values were steadily hel.l Quotations: City beef. In pets, smoked and alr-diled, 20826c. s Western beef. In sets, smoked, 237J20C, , do., city bef, knuckles and tenders, smoked nnd alr-drled. 2702SC , do,, Vcstern beef, knuukles and tenders, smoked, 272Sc; beef hams, M132; pork, famlty, f 22,00923; hsms. 8. P. cured, loose. 1314S 13140 ; do., skinned, loose. 12!y9l2Hc.; do, do, smoked, liUfi 1314c. ; other hams, smoked, city cu-cd, as to brand and average, 14SM4i4e.s do., Western cured, 1401414c.; do., boiled, bone Icbs, I0fl2ic.( plcnlo shoulders, 8. P. cured, loose. lOBllc; do., smoked. Il?i012c ; bellies. In pickle, according to average, loose, 1314W He ; breakfast bacon, as to brand and aver age, city cured. 17lEe.i do. Western cured, l.SHSc : lard. Western, ruined, tierces, 11W lllic; do., do, tubs, lliffll'ie.: do., pure city, kettle rendered. In tierces, ildfiHie.j do., pure rliy, kettle rendered, In tubs, llylllic. REFINED SUGARS The market ruled steady but quiet. Ile flrers' list prices: Standard granulated. 0 SO; Ono grnnutaled. 5.75c.; powdered, 5.85c.: con fectioners' A, 5.63c; soft grades, 4.00S3 50j. DAIRY PRODUCTS nUTTIlR. Fancy butter wns In small supply and steady, but tho lower grades were plentiful and dull. Quotations' Western, fresh, solid-pncked creamery, fancy, specials, 34c.; extra, 32c; extra Orsts. 31c; firsts, 20030c. ; seconds, 26fl28c : ladle-packed, 2ig23c, ns to quality: nesrhy prints, fancy. 3.V.; do., ner ngo extra. .'He.; do.. Arete. 30M32C ; do., sec onds. 2(Vfr2Sc; special brands of prints Jobbing nt 40042c KfillS. The market advanced 30c. per caso under moderate receipts nnd a good de mand. Quotations: In free cases, nearrjy, extra. 27c. per dot.; nearby, Orsts, S7.50 per standard rase; nearby, current receipts, 17.35 per ease; "Weitern, extra firsts, f7.50 per case: do.. Arsis, $7.33 per case; Southern, J7.20iT7.33 per case; fancy selected candled fresh cggB wcro lobbed out at imtrile. per doi. out at 20031c per do. C1IKK8K. Thero was a fair export de mand and tho market ruled steady under light onerlnss. Quotations: New York, full cream. fall make, choice. 17W1714c: do., do., f an te good, 161ii!fl7c.; do., current make, IDliO 1614c; do., part skims, 8Stl3c. , POULTRY I.IK. Choice stock sold fairly and ruled steady under moderate offerings. Quotations: Fowls. 14l4(tfl0i4o , old roostem, llUlnc ; chickens, soft ineated, 15lllc: do., stagey, 13c. turkeys. 15&17c; ducks. 16817c; sceae, 1201GC.; guineas, aa to quality, per pair, 30Jf 70c pigeons, old. per pair, 2225c ; do., joung. per pair. 2022c. DIIKSSEU. Receipts were only moderate and prices of desirable stock wcro generally steadj, but trado was quiet. Quotations: Fresh-killed fowls, 12 to box, dry-picked and dry-packed, eelected. heavy, 1814c, weighing 405 lbs. apiece 1. 1714c: do.. 314 lbs. nplcce, lfl!517c, do., 3 lbs. apiece, 151410c; do., under 3 lbs. apiece, 14015c. Fowls, bbls., dry-picked and dry-packed, Western. 4(33 Iba n piece, 17c; do., do., 314 lbs., ISHS'IOc; do., do , 3 lb. and under, I4fflSc, Old roosters, dry picked, 14c Hrolllng chickens, nearby, 11472 lbs. npleco. 22t23c; do., fair tn good, 18020c: Western, 114172 lbs apiece. 20022c; do., fair to good, HSJlSo Chickens, dry-picked and dry-packed, in boxes, mtlk-fed. 31 to 36 lbs. to do:.. 18c; do . 37 tn 42 lbs. to doz., 18c; do., 43 to 47 lbs. to doz.. 18c: do., 48 lbs. to doz., 20c: do. 60 lbs. and over. 21c; corn-fed. 31 to 43 lbs. to doz., 10c.; do., 43 to 47 lbs. to doz., 17c; do, 48 lbs. to doz., IDo: do. 00 lbs. and over. 20c. Chickens, dry-picked and dry packed. In bbls.. selected, heav, 10c; Western, rorn-fed. B Iba. and over. Itn. ; do., do.. 4 lbs., 17(&17Kc: do., do., 314 lbs., 13'4c; do. do., 2W3 lbs., lttfTlSc Turkeys, dry-picked and dry-packed Fancy, nearby, 21c; do., Western, 21c; fair to good, 18020c: old toms, MW-'Oc. Ducks, fancy, in boxes. 17018c. ; do . ordinary to good. 1216c. Qeese, nearby, 120 14c; do.. Western. I012c Squabs, per doz., white, weighing 11 to 12 lbs. per doz., fl.SOy 40; while, welshing 0 to 10 lbs. per do, tl-28 J4.70; do., do ..8 Ibr. per do,, t3.G0fl3.7Jf do do . 7 lbs. per Hot , 33.2J; do., do., 6364 lbs. per doz.. I22.40: dark and No. 2, C0cO1.60. FRESH FRUITS The general market quiet and without $rn portsnt change. Quotations: Apples, New York, per bbl (Ireenlng. $2S2 50. Klnr, t'ifp Z.7.V York imperial. 2rf2.50: Ben Davis. 1.5& 0173, Pry, tt73tr20. Raldwlr, 1 75ei.50f other good eating varieties. $1-7392.50; me dium, tlOi.50; apples, Western, per box, 7e. x)$l-23; apples Delaware and Pennsylvania, per hamper, fflgooo 1 lemons, per box, $2f 2.78; oranges, Florida, per box, $1.7592,50) tangerines, Florida, per strap, $1.5053.501 grapefiult, Florida, per box, $1M,TS: pine, apples, per crate Porto Rico, H.60a3i Florida, $2&3.n0; cranberries, fancy late varieties, ve bbl., $3.5034 50; cranberries, Jersey, per crate, 23f 75c : peirs. New Tork, Kleffer, Pr,bbl $12; strawberries, Florida, per qt., 1523e. VEGETABLES Buyers showed tittle Interest and the market was barely steady under fairly liberal offer ings. Quotations! White potatoes, per Bush. Penna.. OOarac! Maine. 45850c ; N. Y., as to quality, 40945c j sweet potatoes, Del , per ham. per large, $12501.50; medium, 60U75C; aweet rotatoes. Eastern shore, per bbl. No. 1. $2 2.75. No. 2, 1i.5091.Tdi sweets, Jersey, per bbl. No. 1, t3.2M3.60: No. 2. $232.50! sweets. jersey, per basket. 73c.sii: onions, periiusn.. TMt to per ersts, $191-751 5Off60c. ; do., choice, per 100-lb. bag, $l.lBt do.. Dag. si: no., scconos, nsr uanisn. cer 10a, medium, per 100-lb, bag, $1: 100-lb. bag. 75c: cabbage, 1 4avia; cuiuiower, n. xt. per rram, .v-.. nlnaeh. Norfolk, ner hhl.. 12iQ2.SO! kale. Norfolk, per bbl., BOe.0$I,25! lettuce, Texas per bush -basket, $1.602.50; do., Florida, per binket, $10.'lj beans, Florida, per basket, MO 3.30: pens. Florida, per basket, $2.60f4; egg plant. Florida, per box, $23.50: cucumbers, Florida, per basket, $3,5095; squash, .Florida, per tmsket, $2 23l53i peppers,, Florida, per carrier, $203 50: beets. Florida, per 100 bunches, tfJOi tomatoes, Florida, per carrier Fancy, $2.50JT3.60: choice, tl02s celery, Florida, per crale, $1.2.Vff2: do. New York, er bunch, 3SW500.I muehrooma, per 4lb, insket, GDc.tl.20. BANK CLEARINGS Bank clearings today compared with corre sponding day laic iwo joars: 1013, 1014. 1013. Phlla. $26,167,503 $87,398,813 t27,017o3 New York. . .2',8.'t7,5'7 330,0W,72.1 30t,541,TVi tloston .... 3?8?42T 23.010.088 23.020 711 iBt. Louis ... 12.422,077 13,170,628 1S,(W5,183 Chicago .... 64,770,500 60.038.0S3 68,152,011 Time. SU04 3l4ai4 5P RATES FOR MONEY Call, Philadelphia SlUftH New York IfiS3., Roston 3 6314 r'htrflffo 31404 Commercial paper, 3 to 0 months, Philadel phia, 3141 Per cent. Russia Places Loans PETROORAD, Feb. 23 The Russian Gov ernment placed loans for $1,800,000. today. Thin money will be used for railroad build ing north of Archangel, the object being te connect interior Russia with a port that will be open all year round. NEWTON COAL is honest, dependable, satis factory coal. It gives real heat service; and there is a positive 2240 LBS. TO EVERY TON EVERY TIME Egg, $7.00; Stove, $7.25; Nut, $7.50; Pea, $5.50 25c added if carried Geo.E.Mewton 1527 Chestnut Street Spruce 6400 Race 3800 J What Could Be Done With the $2,000,000 hich the Full Crew Laws Arbitrarily Take From the Railroads Increased Railroad facilities, better service, greater safety and convenience, business expansion and the employment of a great number of men now idle would follow the repeal of the wasteful Pennsylvania and New Jersey Full Crew Laws. Facts Not Theories $2,000,000 would buy 2000 steel coaches. It would pay for 80 locomotives. iJP It would purchase 67,000 tons of rails. . -:..' It would return S per cent, on $40,000,000, It would block-signal 1000 miles of track. It would eliminate 65 grade crossings p ' , It would pay for 2000 freight cars. . K - f It would build 200 new stations at $10,000. , , 'f It would provide additional freight terminal facilities. It would buy 2,500,000 railroad ties. It would pay for 2,000,000 tons of coal. The iron and steel industry would be stimulated, furnishing steel for new cars, rails, bridges, buildings, etc. Miners and coke oven operatives would get increased work as industry expanded. New construction would mean busy times for the Lehigh region cement plants and their workmen. Thousands of architects, contractors, building trades, workers, electrical concerns and electricians, skilled mechanics, carpenters, miners, and day laborers would so get work. With these incontestable facts thus clearly set forth, the twenty-one railroads of Pennsylvania and New Jersey feel it their duty to place the fate of the Full Crew Laws in the hands of the people. They are convinced the people prefer that employ ment be given to thousands for whom there actually is work to knowing that $2,000,000 a year is being paid in mandatory wages for extra men for whom there exists no essential service to perform and whose presence, it has been conclusively shown, increases rather than decreases the hazards of railroad operation. DANIEL WILLARD, President, Baltimore and Ohio Railroad. SAMUEL REA, President. Pennylvni Railroad. THEOPORE VOORHEES, President, Philadelphia and Reading Railway. R, L, O'DONNEL, Chairman, Executive Committee, Aoc!aU4 Railroad of Penntylfaais aad timinmt Ml loimiicrclal trust UuUM PMteMMiM. 5 II I m mm