WW-" - yvmfF?' wf-" ------ jg y Jj Jijj f ff J TOTH4 W 1? wStyPTrTT A Tat? f CTTA ft ffiowTV AT TA re7Wrfi"f'TfT T 1
SEVERAL LOCAL STOCKSDECLInIT toTntEW lNIBIUlRICES-SHARP BREAK" IN WHM
I 'MiiliAL U1MUUAL
I .MinflAUi7i innniMrro
liliiil O UYM U 1 vinio
I 'Now Haven Also Strong- Stan
dard Bonos Again oom ior
European Account.
NEW tOtlK, March l.-Tlio strength
ihtwn In the slock market at the close
W on Balurdfty continued ftt tho openltiff to
day, although the volume bl business was
light. Fractional roIiis were, made in a
number of the leading Issues. Iluyers
showed some hesitation on account of tho
belief that Great Britain might announce
drastic action In the course of tho day
M, mt.ttl.r- nf itoolllllff food Blld Other
I: iupplles from Germany. On the whole,
however, tno leeiing in mo dumi mw
more cheerful. Sentiment was materially
Improved by the bellof that Congress
will soon adjourn nnd that there will ho
no extra session, After the early Btrength
there was a slight reaction at tho end
Of the nrst hour, but prices soon cumo
back to their high on nupporthig orders.
During tho afternoon tho market re
malhed strong. The announcement that
the British Government had proclaimed
nn embargo upon all commodities In
tended for Germany did not adversely af
fect tho market, as It had been generally
xpeoted in tho Blreet that action of this
sort would bo taken In retaliation for tho
placing by Germany of u war zone around
the British Isles.
A featuro of strength throughout tho
day was New Haven. Tho stock at ono
time was 254 above tho final on Saturday,
at 47?i. In tho later trading some of tho
advance win lost. The strength In tills Is
sue was thought to bo duo to tho enact
ment of n law In Massachusetts allowing
the company to ndvanco passenger rates.
General Chemical rose 10 points to 182.
The buying of General Chomlcat was
thought to be caused by the fact that tho
company will soon Issuo somo now stock
which will bo olTercd to stockholders at
par. Tho new iesuo has already 'n au
thorized, but tho amount which wlil bo
placed on tho market at this tlmo has not
been announced. The Street thought that
the buying today waB by romo ono who
wanted some of the new stock.
The most business was ilono In Beading,
Gtcel common and Copper, all of which
showed advances over tho ilnhl on Satur
day. Traders turned their attention to
tho wheat market at Chicago, wlfero tho
prices of nil grains wero lower on heavy
selling, caused by the success of tho
Allies in penetrating the Dardanelles,
Tho announcement of tho arrival of
$700,000 in gold from London furnished
something of a stimulus, as It took tho
Strcot completely by surprise Tills
caused some Urgent buying of stocks, both
for long and short account. The arrival
of this gold did not havo any strengthen
ing effect in the torolgn exchange market.
Demand cables wero lower, while marks
dropped to tho lowest point In hlBtory,
81$. Italian llres followed tho course of
marks and declined to 6.S5, also tho lowest
point they havo ever reached. The weak
ness was primarily caused by tho ab
aenco of demand.
As tho result, probably, of tho drop
In exchange rates thero wan n. rentir-
rence of foreign selling. Tho selling
from abroad, however, wns principally in
bonds, appearing on the tape as "Soliors
,10 flat." The fact that German ex
change touched a now low suggested
that a largo amount of this selling wns
for German account. The Issuos sold
were all high class and Included North
ern Pacific 4s and 39, Contral Pacific
first 4s, In which sales wero tho lnrgost,
and Southern Pacific bonds.
Financial Briefs
Tho ndvanco of 1 a ton on bars, plates
nnd shapes went into effect today.
Frailer & Co. have opened a branch
office at 15 Broad street. New York.
Warren A. Tyson, formerly with N. W,
Halsey & Co., has associated himself with
William P. Bonbrlght & Co., Inc., aa bond
salesman.
Announcement Is made that the firm of
Woelpper, Crawford & Co. Is to be suc
ceeded, as of March 1, by a new firm, to
be styled Woelpper & Co. The partners
of the now firm will bo Wilson Woelpper,
William 8. J. Wctherill and Albert W.
Morton.
It Is said holders or Icbs than $400,000
par of Boston and Maine notes, duo
March 2, havo now .failed to agree to
their extension for six months, as pro
posed by trustees.
Though the M. Bumely Company's 110,
000,000 two-year convertible notes were
duo todny, they were defaulted because
tho affairs of the company are being ad
ministered by a receiver.
The American Smelting and Refining
Company has advanced the prlco of lead
from 3.85c. to 3.00c.
During February the amount of cus
toms collected from dutlnble Imports at
the port of Philadelphia was J723.123,
against JS37.262 in Februnry, 1911,
The New York banks have lost $1,803,000
elnce Friday on Subtreasury operations.
There has been placed on tho regular
list at the Philadelphia Stock Exchange
$3800 additional American Telephone and
Telegraph stock. There have been strick
en off tho regular lint $58,000 Standard Gas
'and Electric sinking fund 6 per cent,
bonds, canceled, and $70,000 first preferred
and $30,000 second preferred stock of tho
Finance Company of Pennsylvania,
The Albama Power Company, operating
subsidiary of the Alabama Traction,
Light and Power Company, has sold to
Harris, Forbes & Co. the $2,000,000 first
iiiuriKugo o per cent, three-year bonds,
which are being offered at 100V4 and In
terest. Stocks of copper In London, according
to fortnightly statistics, decreased C93
tons and the visible supply decreased 1133
tons.
The United Metals Selling Company has
advanced Its domestic prlco for elec
trolytic copper to 15 cents a pound,
The annual report of the Gejuxe W.
Helme Company showed a. trSaee of
$13,435 in net earnings. The surplus after
dividends wsb $265,922. . l r
DIVIDENDS DECLARED
Bears, Roebuck & Co., regular quarterly IK
per cent, on preferred, payable April l to ttocS
of record March lo.
Texas Company, regular quarterly 2.BO n
hare, payable. March S to stock pt record
March lit.
Pittsburgh, Fort Wayne & Chicago, quarterly
guaranteed and special guaranteed 1, pr cent,
each. The guaranteed Is payable April (I. and
y?."pScUL guaranteed April 1. For both
dividends books close March IT and reopen
April 7.
. Lltreett & Myers Tobacco Company, quarter
ly 1 per cent, on preferred, payable April
1 to stock or record Marrf. lo,
Cambria, Iron Company, regular semiannual
WlF.,cul "" 1 if re"lered March 16.
ritUh-Amertcan. Tobacco Company. lntrlm
per cent, payable March 81 to stock record
iiiitiuggenbelrn Exploration Comuunr. regular
Ipuarter y 3J4 per cent,, payable April 1. Swki
"KMaKh, 0en March lsv
'Yukon Oold Company, regular quarterly TM
tenia, payable March 31. Hooka close March
0. re&pen Marcb 15.
. ' KAILROAD EARNINGS
CENTBAl OS1 OBOROIA.
-IrJWIL lmjk Decrease.
New York Stock Sales
At..... t ... k"t close, ltleh. Low. Clone
Alaska Clotd Mines .... 2S 20 28H 20
A"j"88f ast mi 3s mi
Can... soif 20M 20 20)i
' A??.b a5'." 02J 02 02' 02'
AriE'7"-';".?0.5' iOH 40H dOJi
a J CfftPilynrcf..n2,t, U2Ji il2 112H
Am Express 01 .3 M f.3
"J.1""-. 25. mi 2:,i 25)f
Am Unseed. 0 l)K SH 8)1
AtnLocomotva........ 20!f 20JJ 20M Mi
Am Locomotive prcf ... 81 78 78 78
IU Smelling. oUi O'H OlH 02
AhiTelATcl 1 (, 1 off 110tJ imjj
Anaconda Copper 1 ao Ml 2fl,' 2'.,lt
Atchison...... oi)i 04X 04J OIK
Atchison pref 07 07 07 07
At coast Mna DO 0 08 OS
J 'Mil t.oco 23 28 28 28
J,0 MH OiH 04H MH
!. 1 &. ,01'.10 mt W OS 03
llrooklyn Itapld Transit 80H 87 87 87
California l'ct 17$ j 171 j 17 1711
California Pet prcf 51 GO 48 48
Can Pacific. Ifi7 lfiS'f 1G.1K 1MH
?,unln )'Slhcr :,4' a" 33)f :im
thM&Ohlo to 40i 40 40! S
ci"iocopp r,js m 3HH a:,H
I'ICMIISIP 85 85!f 8 U Bill
Co LucUlron.. ...... :m SSii 23J4 23H
Ulcago, MI & Pacific... lo) 10 J81f 10
Com Products o)f OH 0 0
Cuban Am Sugar 40 4o 40 40
Den & Mod o)i fix Mi OX
Olstlllcrs Securities.... 10X 10X 10X 10H
K' 20X 21 203J 20'i
Itrlo 1st prof MX jbX ;),1X 83X
OcnChcm 172 1-2X180 182X
UcnChcmprct 107 107X lO'l 101
General Electric 130 130 130 130
general Motor 01 02X 02 02X
Goodrich CO six 32 3 IX 3IX
OoodrlchCoprof 00X 07JJ 07H 0?X
Great Northern prcf ..11,'lX 114 11.IX 113X
Clrcnt Norlhorn Orocts 30X 31X 31X 31X
OUKKcnhelm Exp 4MX 40X 4iX 40X
111 Central 103 103X 103 103X
Interboro-Met !' lais ia 1
lntcrboro..lct prof ... C5X 51 B5X f3X
Inspiration Cons 18X 10X 18X 18X
Int'l Paper 8 0 81 8X
lnt'l Paper pref 31 SOX .1.1 3,5
JlCasopref "7 77 77
Lehigh Valley 1.1IX 132X 132U 132X
Loulsv & Nash 11 110X 110 110X
Loosc-Wlles Ills 1st prcf 1)0 OOll 00X BOX
Maxwell Motors 21X 24X 21X 21X
Maxwell SIotoM 1st prcf 03 01X O'.X 03X
Maxwell Motors ad prcf-25X 25X 2,'i)ll 2."X
Mexican Petroleum ... OX 07X 1 CX t5X
Mo Kh& Texas 10 10X 10 10
Mo Kan & Texas prcf . 31 31 3(H 30X
Mtiml Copper 18X 10X 10X 10X
Missouri Pacific 12X 12X 11X 11X
Montana Power 10 4UX 40X 4DX
Montana Power prcf ..100X OO-'l 00X 99X
National lllscult prtf . 121X 122 12J 122
National Enamcllns ..10 10 10 10
Nat Lead 40X 01X 40X G1X
Nevada Con 12 12X 12X 12X
NYNH&II 15 -I7X 45 4RX
NY Central 82U 8JX SIX 81X
NYO&W 13X 21X 23lj 24X
No Pacific 100X 101 100X 100X
Pacific Mall v.... 10 18X IX 18X
Pcnna 104X 10IX 10 X 101X
People's Qa3 117JJ llbX 118X 118X
Pittsburg Coal 20 20 20 20
P Lorrlllard Co 175 178 17. 178
Pullman Co 150X 151 151 151
Kay Cons 10X 10X 10X 1UX
Heading 142X 143 142l 142X
Itcpubllc Iron & St .... 10 19X 19X 10X
itepubllc Iron A St prcf 74X 70$ 75X 75X
ltocklsland X X X H
Itock Island prcf IX IX 1 IX
numeiy uo y, a j u
Seaboard Air Lino 11X 11X 11X 11M
Seaboard Air Lino prcf 32 32 32 32
Southern Pacific 8-' 8l'X 82 82X
Southern Ily prcf 43 43 43 4.1
Stmlcbakef 45X 40 4GX 45X
Studebakcr prcf 03X 03 0 H 02
Tennessee Copper 27X 28 27X 27X
Texas Co 127 1:0)4 127X 120X
Third Avenuo 47X 4-X 47)5 4S
Twin City It T ........ 05X 03X 05X 95X
Union Bag & Papor ... 5 5X C)i 5X
Union Pacific 119X 118X 117X 117X
Union Pacific prcf .... 81X 70 78? i 78)i
un uwy inv pror U6H ao 25 25
U S llubber 54X SIX 53X 5iX
U S Kubber 1st prcf ...10 IX 102X 1023 1 102X
UBSteel 12h 43 -l.H 1uV,
USSteelpref 103X 104Jf 103X UK-.
UtahCoppcr 61X 62X 51X tlH
Wabash X X X X
Western Union G2X 03X 02X 03X
Westlnghouso Electric . .03M 0G3i 00X OOlf
Wells Kargo , 81X 85 85 85
Woolworth 1 03)S 93 95 05
Willys Overland U5X 97X 9GX 07X
Total sales today 151,200 shares, com
pared with 110,300 shares Saturday.
(JuoU'd ox-dlvldend In Now York today:
Union 1'acUlo common, 2 per cent.; Union
r'ticlltc preferred, 1! per cent.; Cnnadlan t'a
clllc, 2 per cent., Laclcdo Uas, 1 per cent.;
American Hugar, 1 per cent.; American Su
gar preferred, l'Ji per cent. ; Chicago and
Northcst. 19. per cent.; Chicago and North
west preferred. 2 per cent, ex-lnt. ; Under
sr una Klcctrlo Hallnay ot London, In. a per
cent.
SHOUT TEltM NOTES
Hate.
Amer locomotive..
Am Tel & Tel sub.
Am Tobacco ecrlp.
Argentine Uov....
Aigentlno Gov....
Argentine liov....
Halt & Ohio
llethlehom Hteel . .
Hrook Itap Tran. . .
Can Pnclllo Ity....
C & O Ity
Chlo & West Ind..
Chicago ISley Hy.
Erlo It It
Krle R It
Erie 11 R
Oenerul Motor Co..
Qen Itubter Co,...
Int Harvester Co..
Lacka Bteol Co....
U Bh & SI So R It.
I, Bh & M Ho It It.
Missouri Pac Ity. .
Kew Ens Nav Co.
NVCt II Itlv...
N Y C & II ltlv. ..
N Y O & If Rlv...
N Y O & H ltlv...
New York City....
New York City....
New York City....
N Y N II & Hart.
I'enna It IS conv. ,
Pub Her Corn N J.
Seaboard A U Ity..
Southern Ry
Southern Ily
II S 8m R & M Co.
Union Typewriter.,
United Frglt ,
United Fruit
Utah Co ..,
West Penn Trac...
P.C.
S
n
o
u
u
u
h
a
5
n
a
B
5
gU
JH
s
3
D
H
II
a
a14
D
a
ii
ii
n
gH
3
3
n
B
B
(1
3
O
a
Due. 13ld. Allied.
July 1U10 1UUV, no
April mi" jouj
July luin vat vn
Mar, ltiai lOHU 103U
Juno 101U ,tiW UOU
Sept. 1U15 100 100'i
July HUM 113 mi
April torn loo icon
Oct. 1013 1DOH iuo(J
April 11117 07V, 07'),
Oct. 1013 10U4 101(5
July nils loo Join;
July mis
Feb. 1013
Mar. 1013
Kept, 1013
Dee. 1013
Juno 1013
100
uo
Mi'i
lOojS
10055
100
100 V,
Ii.l
May 1H17
April 11113 lotli
lOOH
May
1015 10UU
10O14
lIKli
fepl.
Oct.
Hvpt.
Hept,
Kept.
May
Oct.
Mar.
Mar,
Feb.
May
June
Jan.
loir, loo?;
unci
IS HOtt 10OI
13 lOOt! lOOt?
in 102)5 hi-iZ
17 101 lOltf
1111
1 II
1017
HUB 07?4 OSi
1013
100VJ
10111
1D10
lOltt
1017
101H
100
looi
100
H
om;
OUJI
9T
00T4
IM
wo
llllll
on
M OTV
May
May
1017 lOOK 1014
luin
07
API It 1017 07U 0S
i nftaf
star, ion vu O'J
LONDON STOCK MARKET'
Rovivnl Jn Demand From Investors
Expected.
LONDON, March 1. There was fair ao.
cumulation of orders for becurltles over the
week-end, and the tono of the mock market
today woa steady. InYfetment broken tore
cast a sharp revival In demand from Investors
when the Dardanelles have l,en forced.
ailt-uU'e Investment Ususs hardened and
thero was light buyinir of home railway
shares. The labor outlook at Clyde and "Ise
whero was brhshter. There was little doing
In the American group, and the list hart a
checkered aipearonco. The feeling In Russians
'was good, but Japan and Chinese descriptions
.wero Irregular. Mines and ol) haro wero tlrra
""POt, London NY.
plate, euujv.
Amalgamated Copper ..,,... BJH 6VIJ4 U
Atcblsou ,.... V7S IOC -B
Canadian PaCllU..., IWfW JSSli xlS
Chesapeake and Ohio 4trjJ fmjl j
Chicago Great West U 10 ,.
Ch M & St Pau 6. 8t -H
fienver&HO a 0 ..
Erlo ;JH SS J
do 1st pref Jl; Hg - f
New York Central .Jgjff EJK
Norfolk & Wiatcrn ICftK OAK
N Y Oflt & WlSt 2?) ,1W -
Penrwlvanla
Steading T f, J?li -
Union Paciffc 121 -1
XlncrW" IVcrtaue.
Ice nnd CoaJ Companies Merge
WILMINGTON. Del.4 Marcb 1. Announce
ment was made today that the Diamond Ice
and Coal Company and the Consumers' lee and
CiSt ComcaBy. tho largest loneerns of ths
klu.il Hi t&Ts State, bad been merged under
tttt njiriui of the twmtf. George, . Cafolle,
a BrtBOS baaserV Wl b ,orIlaie Tlb
OwuotlislaJ iupovB. 4ai Miller StrSjJer. M
MtlfMM at tbi Ceasumsri' company, will be
fsalmaa at the beard ' arnars bavs
in to ibo spa l 'juiIdwu for worn than ico
lUOh,
aepi. iuio iuu'i iviYt
Dec. 11)13 100, 1004
Uee. 101U lUOU 1UOV4
Dec. 1U17 100(1 100(4
June 1U1S 100 100S
June loin looK ioo.
SHARP DECLINES
IN LOCAL STOCKS
Reduction in Minimum Limits
Responaible Du Pont Pow
der Shares in Strong Demand
Tlioro were noma sharp declines ns h,
result of the reduction In tho minimum
limit on a number of Philadelphia stocks
today. A two-point drop In Union Trac
tion enmo promptly on Uto cutting of
the minimum from 38 to 31 this morntne
find a Rood deal of stock wns offered at
tho new low point without Itndlng buyers.
This nnd a dccllno of B points In Penn
sylvania Salt were the outstanding feat
ures of tho Initial dealings. Tho drop In
Halt wns also duo to reducing tho mini
mum. Lnlto Superior was offered at Its
now minimum of 7, but here, too, buyers
wero scarce. Oenoral Asphalt fell 4, to
26, nnd Philadelphia Company cunnilntlvo
preferred dropped to 33. Tonopah Hoi
mont wns active nt 4. In tho afternoon
General Asphalt preferred followed tho
oxnmplo of other reduced minimum
stocks nnd tumbled 3 points to 60. Cam
bria Steol scrip sold nt 95V4 and i,
Hapld TratiHlt held steady In splto of
the fall In Union Traction. Tho street was
favorably Impressed with Mr. Stotcsbury's
notion In regard to tho attacks mado
on tho company's officers. Thero
wis some buying of Lcliluh Navigation
In mall lots for Investment. Tho voting
trust expired today by limitation. It was
created March 1, 1010, for a period of
five years, and on February 1 this year
nnouiicentcnt was made that tho board
of managers of tho company had decided
hot to oak the stockholders for Its renew
al. Tho voting trust certificates will bo
stricken from tho list ot tho Philadelphia
Stools Exdiango nftr March 81, and from
today to that date, Inclusive, delivery In
nil transactions will bo by certificates and
power.
A further spectacular rlso occurred In
du Pont International Powder preforred
today. It ended last week at n new top
prlco of 00, but this morning D79i was tho
bid for It with nono offered under 00. In
tho dissolution somo brokers flgu i tho
stoclc to be worth ns much ns 120. .nter
natlonal Smokeless Powdor was uotcd
around 31.
Thero was a little scattered selling ot
Pennsylvania, doubtless on account of
tho poor showing mado by the January
report ot earnings. Total oporatlng reve
nue of all tines decreased no less than
$2,795,785. Operating expenses wore cut
f 1,738,529, leaving a not loss In operating
incume ol f j,vj,zou.
Interstate Hallways bondB were tho
most notlve feature of tho local bond
market. The annual report showed In
come of ?5G9.923, against J545.725 tho previ
ous year ,an da surplus of SB3.432 agter
dividends, compared with ?59,650 tho year
before. President John A. Rlgg says tho
total amount of money expended on tho
several properties, tis given by tch offlcers
of the sovernl lessco companies, since the
dates of their respective leases to Sep
tmber 30, 1014, nggrognto a total of $4,297,
4C9. New York Bond Sales
High. Low. Close.
.102 loa 102
.lOSii 10W ltiiW
7iK)0 Amer Agr Cs
nuoo Amer ilido &t, fls.
WWi) Amor Tel clt 4s
tJOOO Amer Tel cvt ia. .
ZWO Armour Co 4Vis
WOO Atchison ad I 4n
w4 pu au
list
UIH
S8
now
si:
liaiHj Atchison cv 4c 10M... in
"Oft
iT!U AXCiUKOU CV 4H LUIIU,.
100O Atlan Co Lino clt Is.
17000 Halt & Ohio ."llis....
HOtK) lnlt tc Ohio Is
2:i00() n.tlt 4c Ohio cv 4s...
1000 110 1 LEMVT 4..
04
tn
ui
S8
SI
Ml
4K
uuu uuii u bwn .111,3... 88
1000 Ileth stool rfd .Is ss
4UOU llroikii Hi, Tr Cs IMS. OUT.
I1U00 llrookn Un Elv 1st Ba.100
B000 C11I ClflH fc Uloc &s 112
2U00 Cent Luithor 1st .'13... HS1,
1W00O Cent Tac lot 4s tiOVi
7IJOO Chcs & Ohio cv 4Ws. . Tuii
.UVl' UU 4','JS
1SO00 Chi & Krlo 1st Cs..
llstl Chi .V Nwn ll'is
1000 do gen 4s sta
riJU do deb S3 11121
1000 do con fls
1000 Chi (c V Ind Cs....
:);',i!Oi) Chi A Q Joint 4s.
1 DO do deb ns
OTO0 Chi II . Q Iowa B3...102J5
200000 C M & St T CV Cs w I.100H
w:
101)1,
iwiu ao cp .13
2H0I) do gen IVjh
4I01K) Chi It I & 1 col 4s..
IHHIO flu It It fill
100(1 Clcv Bh Line 4Hs...
'-'IKKI (.01 & .South let 4'. in.
102',4
100 ft
10
ii(i4
t2
ttl
112
tion
t,li
.11
871i
(til
1200H Con Gas cv (la w I. ...112
214.10 cumDenana -ret as...
MWj Del & Ilud 4s 101(1...
20000 Detroit United 4V5s...
SOOO Din Socur Corp Ss
10000 Du lont Powder 4V4s
1000 Eile gen 4s
2000 dn nrlor 4s Si
82
MOO do 4th ext 4s 10011 100VJ lOOVi
400(1 Hud Mon rfd 6s 7.1 75 7ft
12IMO Iowa central rcf 4s... n
r.2 5-t
HOW 1111
luui) 111 tjni ji os tr-"H
IIOOO Ins Cou cv Us...
...1001
IOIVj
1211011 Insn Cc-n cv 1010 iiau
i 7'
I II7K
OSI
74 U
HJ.KI initiru .tui tw if,,.
10000 Tnterb It T ref Bs
08
0714
00
OUW
81)
8li
110
no
10014
100
107
I TT
401)1) intcrni )'n Per us....
iooo ind Alcohol Bs...,,
120(iO Jap Cler Sta now 4H:
Bono .Too new 4V,s
100
Mt'i
7H4
100
0014
N)
8S!)i
no
to
10014
loo
MH
107
KS14
8J
ru
nO(Hi Kar, City Will. 8H
r.iKJl) ijicita tcei ns 102.1... tin
WK10 Lk Sh deb 4s 10.11.... 00
IOOO I.Iit & M T Bs 10014
100O Lorlllard Bs 100
MlOO Lou & Nash col Bs. . . .Vt
TM (HI LflU XT n oa
100(1 I. & N A K 1st
100O Morris & Esiex.
lOm MllwuJkcc (las
K ISt 4S
SS'
81
111
(las 4s.
-IIIOOO Minn & Ht L 4s...
5.1
000O Mo Kan & T 1st 4s... 77'
4000 Mo l'ao Is Oin
KKO do CV Bs 44'
77
77
41J 4 Hi
111(4 "114
1(XU OO COl J3 Jllll Vl'tl
2(H)() do cons os 100
000(10 Mont Power Bs 01H
10O
100
01
1)11-',
nv it x ,r iirnno cv( oa i".
M v Air urako cvt ua i no to
1 N Y C & II 314s 70)4 7011 7U)i
' N Y C & Hud s w I.. 1011.; 101I 10HJ
N Y City 411s 1000.... DOK oa.i liufj
v v i.i.v JTab inirt mil? tmll mtir
iuiki IN r L' & II n
l.'ITOOO
7000
10t(J
ouil
-INHI ,S I UIIJT IjS (U1H. . .IUIU
IOOO N Y City 4Ws IfOl... 00)5
2(HM KYN- II lr.t'is 1080 02
22000 N Y N II A ir tin
lot 1
IHIll
(3
in-H
M
(U'l
B0
113
som
88l(
nfl'
05
04
07 K
02
if
04
07K
0fl
.IOOO N Y llwy odi 3s
,iroo n v w c & n 4Ks.. aw,
j.it'.M, or ioc prior 48
74B0O Nor Pao gen 8s
2000 Oro Short L rot 4s. . .
11000 Ore Ity & N con 4s. .
18000 Oro & Cal Ss,..
7000 Ont Power Ss
SD'i
noi'
8III
88'
ffi'
lu
woo pao coast 1st cs
04
0000 I'ocltlc Tel 8s 07
SOOO I'enna. cvt Ms
iiv4
4000 Penna cv 3ljs
720OO Tenna 4Hsw I
4000 Public Berv N J Ss.
..100
luu
..10IK 1M9J aoilK
1VU
St
811
88 8S
fill Kit
5ii me it it or .miss...
IOOO nay Con Cop fls
4000 Heading- Ren 4s,
SOOO Itepuli Cuba Ss 1004.
.103
1J
inii
. nt
105 103
0114 fll
0.1H os(j
in m
71 71
82 82
.-.1 ho nep ir t H ns ll)(.
2000 Ilia Or & W clt 4s. .
71
11000 Itock Island 4s 82
120(10 Itock Island rfd 4s,.,. 03
tOOO Itock Island Ss ft'l
IOOO St U I M & Sa ret 4s. . C74
IOOO St L I M & So Ss. .. . , 20
lonoo SUSFrMft sta 4s 02
7000 Seaboard A L adj Ss, . flOU
IOOO Seaboard A I. Bta 4s, . 80
icon seaboard A I, rfd 4s,. (17
TOOO South Hell Ss OR
PIOoo South Pac cv 4s 81
IOOO do cv ret t p Bs U(U4
finOOrt do rfd 4s.,, !.,. M
OIK (lift
m
R't
0714
20
112
oli
80
(Id
08
81
f)
84;
aw,
nli
ns
0714
20
02
S5
80
00
118
81
78
nnvs
ns
ns
unit' nomn j'uo lerm ns. . . . ,nw,
tiuki soum itwy gen 40, . .
8000 do con Ss ,...,,
4000 Tesos Co cv fls ,,
2000 Third Ao new 4s....
fttU
ft8;
8Ui
81 K
81
(HOUI
?000
1om
'14
IOO0O tl H Tlealty Ss..t 74 1;
WKX1 IT s llutiber 6s lO'l?
nlonn 1' A steel ."! loou
...loo iro 100
S"0 do rev Ss 100
i lOOllj OOV(
14000 Union Pao 1st 4s...... OS
rumo Vn rtwva S V 4s 47
73 VJ
NWi V 64 Crown Brrs SRV4
Mini va 1 (' f 11 nw. ..
sooo va car Chem 1st fls.
1000 Va Bwy Ss
1000 Wabash 4s
1000 do 1st Ss
1IAAA Wat, VJ1U el sta 4s...
R3H
no
8!
a?
?0
IOOO West NY & P 1st 5s. M
4000 West Md 1st 4s
7000 Wet B & M cv rta. . . . 00
XiOrt West Shore re 4s Mil
iron wj Union 44s ...... fll4
tono Wis Cent Pul dlv 4.. 84M
Total sales. 2.14B,000, compared with 11.149.
000 gaturdoy.
GOVERNMENT BONDS
Bid. Asked.
2s of ItSQ reclsttrsd
08)4 S&H
ffi
24 01 iiu ooupon
MUH
1,An. 4- a-4-aA,1 . nfiiz
I'snsma new 3 reglsterta lot
Panama new 3a eoaeoa 101
.1 of WIS registered 191
;i or mii cuumn -4
of 1823 registered
ox'.
1 ox,
82
UOf, 111
lltti till,
1)1 01
10W llllft
88 8S
82'A M
80 80
SS ss
88 88
01154 Ull
i)i4i 112
08i 0S
811 8(1
TO 7llS
CUi Mrs, 8I
. (tl'.'j UI (Ely,
. 81 81 81
. U2V, tlil4 02)4
.101"J 10t5 101H
.lOOJi lUlU l(H,ia
.100(1 lOllU 10UU
. II.1J4 05VS m
duk uui nnii
lC'.''i 102U
iouvi
lOil 102Tt
I(ll)i 1IK)4
2d ion
ItdVj 01114
02 1)2
8.1 8.1
12 112
OOVi 1MIV,
vVt 00(4
71 701,
Bin r.l
871i 87
00 m
82
00 auj ns. .,..,,. .,.. wih niu n-i
Trl-Cltv ns ... "M urn ihiu
I' H Oovern 81 101 v' 1(111 lnit
72 7111
1021S int)J
II 41
sa no
8.1 S3
SO 8DU
OTK, f)7K
2414 241J
IW OB
20 20
73 73
ai 6314
8014 tt
nou ooii
ni ni4l
84K 81K
:::EE:."::!8
lie
Sales in Philadelphia
eot.colte. Itlgh. ton. Clon,
inu.
.Bin ,no;i
20 20
00 00
21 21 ,
8)4 8li
n.ih'ain.io
sa Mia
so jo
BO 33
2.1 2HJS
"A 7iw
M M
.14 .14
4214 49)4
40
40
loo
10
IB
A
loo
la
2.B
208
'I?
lah
100
St
Sir,
720
m mp?i Hug......
Am tins ..,,,,,100
Cam Btcel ,.,., 42M
Blec Storage ,,, 40
Erlo SI
oen Anphalt ,,, 30.,
dojirer,..,,,,, mil
Jn Co N Am,,. 81,
Injerst ny prcf, 8'.4
Int )'atr ...... , ,
2ll
no
8
s
tAfVSr-.vvfiffi
do t.e , 74
Pennn, nnllroad. B2' KM
BinS.MeiVMR. 58
rii a raeo .... J, mji
RI!a1Vr.TClon,::7t tP
'..
7tW
Tonopah ltei
Tonopah Min
U O t
tin Trao . . . .
M
..... 821
An
..... 42W
noNiw.
u a atect
4214
Last prev.
pniKt mniis
Am a A E Bs., 8S)4 8,1)1
Com sti sop wit iwi no)
Elec Peo Tr 4 801? Sl.T
In,... .1. t... i fl ROIL
pnie,
Ixw, Cloe.
100
450
.Ion
IIOOO
2000
1000
1IIOO
1000
1000
SOOO
I.cli N cons l)4 00)4
L V gen cs 4H Tl4
Pft tct I14b w UCWj
Phlla Eleo 4.. so
Phll.N It T C 4s 07)4
Heading gen 4s. WW
Local Half-hourly Sales
10 to 10130 A. M.
23 I'enna Bait... SO 100 Ton Hoi... .3
20 Phlla It T... l))4 10 Penna
10 Krle 21 10 Leh Valley..,
loo Penna B2 s do
100 Union Trac... nt 4 Penna
11 Penna .32 3 do
10 do B2 10O tl B Steel...,
13 do 32 100 dn
13-10
02U
IKVK
iinji
m
7?l
21
m
7414
20 do B2, lit rhlla Trnc
. 10 Am Ht Sugar 00)4 22 Ins Co N A..
100 tl 8 Stool.... 42)4100 tl 8 Steel....
100 U 8 Slcel.... 4a)i I Leh Nav t c.
10O Elcc Storage. 4S1, 1 Leh Nav
100 do 42)5
1UI do 42K
HONDS.
1000 Phlla Eloc 4
,173 Cam Steel scrip 1017... ,
1W0 Leh Valley gen conv 4)4s . . . . ,
MKIO Interstate llwy 4s
.. 78J4
,. Oilji
10:30 to 11 A. M.
3 Penna S2.1-10 CO Penna Salt... SO
10O Union Trnc. 31 33 do 80
5 Pcnna 52,1-10 13 Int Paper.... tl
HONDS.
MOO Interstate Pwy 4 OSJi
C00O Interstate llwy 4s B8U
2000 Interstate Itwy 4s !'
Ii .IK) Heading gen 4s 01
11 to 11:30 A. M.
10 Pcnnn 32 t-lOUCO Tonopah ltd. 4
12 do 321-10 1 Pcnna 52
in U S Steel.... 12)4 33 Union Trac... 31
10 do 42ii
HONDS.
13 Cam Steel scrip 1017 0OJ4
1000 Pcnna rct3 414s w 1 10.1)4
11:30 A. M. to 12 M.
2 Penna B2)4 13 Ph Co cm pfd 05
CO Oen Asp 20
HONDS.
2O00 Leh Nav cons 114 D'J)4
12 M. to 12:30 P. M
10 Penna
10 do.
::::::: m
; 7i)J
12 U a I R214
40 do B2
3 Heading
110NDH.
1000 Phlla. W & II t o 4
07U
12:30 to 1 P. M.
3 Penna Salt..
lo Leh Nav t o. 74)4
2 Leh Nav I 0.
7454 100 Tononah Mln. Ok
10 Pcnna 32'i, 20 Am (las llMi
2 U G 1 82
UOND3.
500 nice fc l'cop Tr 4b
(12 Cam Stool scrip 1017
1 to 1:30 P. M.
81
UU14
10 Ins Co N A.. 21 1(H) Cnlon Trac... 31
100 Phlla It T t c 014 25 Tonoimh Itel. 4
10 Pcnna Salt... 80 100 Int Itwy pfd. 8',i
HONDS.
200 Am Cos & nice Cs S.Y)',
2000 Heading gen
is Hl'.i
1:30 to 2 P. M.
23 Pcnna B21i 23 Phlla Eleo... Eili
0 do 521) 3 Penna 52 1-10
3 Penna Salt... SO
2 to 2:30 P. M.
30 U 8 Steel.... 42)4 100 ncadlns ....
0 Am Cos 100)4 100 Leh Valley..
2:30 to 3 P. M.
0 Pcnna 32 1-10 100 U S Steel...,
10 Unldnin pfd.. Oil 40 do ,
Km Loll Val...00.'t.Ht .1 U O I ,
2 Pcnna 52 1-10 SO Tonopah Uc,
lo I'enna 3214 20 Union TrnaJ,
3 Oen Asp pfd. CO 3 Tonopah Bel.
10 Penna 32 1-10 10 iPenna 5:
3 Phlla Elec... 23)i 40 Cam Steel...,
HOND3.
20 Cam Steel scrip 1017
3 Cam Stool scrip 1017
30 Cam Steel scrip 1017
1000 Lih Valley gen cons 4s :
luoo Phlla i:iec 3s
71
OtHi
42
43
8211
3-10
43
031!
'311
i3
III J
113'
110!
87
102
NEW YORK CURD
Hraden
Dr-Am Tobacco old
UrJAm Tobacco now
Cold Cons
Urocno Can
Ln Hoso
Nlpltelng
Otis Elev
do pret
Hlkcr-Hege
Sterl Hum
Tob Prod prof
United Cigar Stores
do prof
Un Prof now
World Film
Yukon Qold
BANK CLEARINGS
Hank clearings today compare with corro
spondlns day last two years:
X0t5. 1014. 1013.
Boston ..... tH,rm,2l 22.4SI.31ll 41,327,1110
Philadelphia 24,B04,187 $43,800,4011 37,II13,273
New York..ls:i,783,2;l7 KU.lOt.NO 32U.404.S21
RATES FOR MONEY
Call. Time.
vime.
?StW)
PMiaaeipnia .H'tfi
New York 1Ki2
Uaston 3 :t!5
r.k... n OI,l
Commercial paper. 3 to 0 months, Phllodelr
phla, 314Q4 per cent.
Reserve Hanks' Discount Rates
D3.V1
no or so to 00 to
Less. 00. 00. Over 00.
Hoston 4 414 4W 3
New York 4 415 44 8
Philadelphia 4 4 414 B
Cloveland , 4 4)4 11, B
Hlchmond 4 4 414 4)4
Atlanta 4 4 I", 4(4
Chicago 4 4 414 S
St. Louts 4 4 414 414
Minneapolis .........4 4)4 4)4 S
Kansas City 4 4 414 9)4
Dallas 4 414 H S
Sun Francisco 4 4 4)4 a
Foreign Discount Rates
Official bank rates at the principal European
centres are:
Bank Date of
rata. Last change.
Hank of England S Aur. 8, 1014
Hank of France 0 Aug, SO, lull
Hank of Germany , B Dec. 23, 11)14
Hank of Belgium D Aug, 27, 1014
Hank pf Austria 6)4 Oct. 3l 1014
Hank of Italy B May I). 1DU
'Hank of Switzerland S Sept, 10, 1014
Hank of Russia 0 July 20, 101
uanK ox Hpain. ...... . .... . o acpt. 1, iu
Hank of Portugal,., 3li Jan. 14,1014
Hank of Sweden S14 Jan, S, 1013
Hank of Denmark Sli Jan. B, 1913
'Bank of Norway 3ft Aug. 12, 11)14
Bank of Netherlands.,..,, a Aug. 20, 10t4
FOREIGN EXCHANGE
NEW YOHK. March 1. At the opening the
foreign exchange market wns easier, but quo
attons became steadier Uter. Hates follow)
Todav Saturday
Sterling, demand'. ,,,, 4.80 4. so
Sterling cable ..,. 4.K01i 4.80U
Francs, domand ..,....,,.,, n.20 BsH
Franca, cables ,. 3.20 B.27tJ
Reichmarks. cablea ..,,.,.. 8114 821
ltelchmarks, cheek ....... 81! SI),
Lire, Checks B.B1 8,80
Italian Lire
5.02
1 ....
MORE GOLD IMPORTS
Total of $700,000 Receive in New
York From London,
NEW YORK. March 1. A total of
JtOO.OOO gold was received today from
London,
Tha steamship New York brought
ISOO.OOa gold to Kidder, Peabody & $0.
and aoodinan, Bacha & Co. received J5O0,
090 gold from London on the dime
steamer. '
83i 8.171
i0l5 mitt
81, Rl
011 iw-M now
07)4 n'W ."'?
loiitf im 10.1)4
78)4 78k 78lk
07H 1)7)4 niU
nW 0114 0K4
Hid. Asked.
Mfc O'i
1714 IS
18 1814
1 o-ia ih
20 27
?4 U
B)(4 70)
8814 00 5
0 7
1 814
1)0 D2
8!l 1)2
112 117
3 3 7-16
ft Sh
GRAIN PRICES DROP
ON HEAVY SELLING
May Wheat Down 5j Cents
nnd July 6 Cents in Chi
cago Market.
CfltCACIO, Mnrch l.Prlcos of nil
nrnlna broke nhnrply nt tho opening of
tho Hoard of Trnde today, largely on no
count of the continued progress ot tho
nllled fleet penetrating tho Dardanelles.
Tho sharpest break was naturally In
wheat, because n largo supply of tho
Russian product, which Is being held In
readiness for shipment, would bo rushed
through tho Danlaiieltoil and placed on
tho market as soon as tho gatowny Is
opened. May wheat opened nt $1.61. oft
2)4 cents n bushel, while July showed
it loss of 2 cents, at $1.22. In tho later
trading the prices weakened further.
Helling wna heavy.
May closed nt $1.4'M, otf 6)4 cciiIb from
Saturday's Anal, while July ended 6)4
cents lower at $1.18)4. At the lowost
point of the day May wns nt $1.46 nnd
July nt $1.17)4, or 7)i and 7)i cento re
spectively, under tho llnni on Saturday,
Hxport sales of wheat on Saturdny
were unusual, iib high ns 1,000,000 bushels.
The weekly shipments of wheat from
North America amounted to 8.G13.000 bush
els, tho United Kingdom receiving 2,052,
000: tho continent, B,1G8,000, and non
Guropc, 703,000 bushels.
The foreign purchases of wheat lit Italy
are placed at 40,000,000 bushel), half ot
which hns already arrived. This will be
distributed where most needed at fair
prices, thus provisioning tho country un
til tho next crop.
With weather conditions fnvornblo In
Argentina, nhlpmonta from that quarter
nro expected to ossumo larger propor
tions than heretofore. Olllclal reports
from that country show a new corn crop
of 335,945,000 bushols and places the ox
pottoblc mirplus nt 201.000,000 bushels.
Cash Bales here wero 60,000 bushels of
export and the Seaboard reported 750,000
bushels for export. Tho Seaboard also re
ported thrco cargoes or oats for export
and a rumor wns current that a largo
nmount of corn hns been sold nt Chicago
no well as Eastern points for foreign ship
ment. Tho visible supply in tho United
Htntes decreased 2,073,000 bushels to a total
of 40,CS6,0O0 bushels compnred with 57,021,000
bushels a year ago. TIjo visible supply
of corn Is now 41.33S.000 bushels, compared
with 18,374.000 bushels tl year ago.
I.oadlng futures ranged us follows:
Wheat Open, ltleh. I.ow. Clne. cloo.
Mny
July
... r.r.i l.ni l.ni 1.474 ti.Kiy;
X.li 1..-J J.ilttU.'S'.s Tl..M'H
1..'
Corn (new delivery)
Mny ... ... 7IH, ni 71 71 71
July 75!i 730k 73 7:1)5 70U
(n(
Mny 311)1 B0.T4 BM4 31J4 '37);
July ...... M(i KlK 81 W, Bl4i tnk
Jtnyr' 10.27 10,27 10.17 tlo.17 no.M
July 10.47 10.30 10.40 tl0.40 tlO.OO
nibs
Mny 0.S7 P.R7 0.73. to.73 10.R7
July tlO.13 10.17 10.03 tlO.03 10.17
Mrivrk.T I7..13 17.33 17.10 17.12 17..12
Julv 17.72 17.72 17.43 17.30 l'.'ii
Uld. tARltcd.
LIVE STOCK QUOTATIONS
OIIICAOO, Mnrch 1. HOfaa. ltceelpts.
38,OlKi. Mnrkot 3c. higher. Mlxrd nnd butch
ers. $U.43itil.M); good heavy. f(l. I3flu.7.": rouch
henvv. Jil.L'3iO.IO: llitlit. (I.30IU.S0: ulits, 3.03
'id.lill: hulk, td.oono.73.
CATTLE. Ilecelpts, IS.OCC. Market stciidy
to BlronK. IJeeves, Ja.'i'SO-: cows nnd holf
crs. S-'l.r,mf3.40: slnckers nnd feeders. $4.1011)
IJ.10: Tcrnm. JIW7.23: cnlvcs. SS.noii 10.23.
HHBKI' Ilecelpts. 15,000. Market strontt.
Natlvo nnd Western. $t.73R7.03; lambs. S3.S0
UU.U0.
COTTON
NF.W YOHK, Mnrch 1. The cotton market
opened steady todav, 2 points lower to 1 point
huh(.r, nnd after tho call moved up to a net
sain of about 2 points for thn nctlve list.
Apparently prices hnd nireiuly discounted the
possibility ot shipments to Oermnny being
stopped, nnd thero werj a number of sup
porting orders from trndo Interests. Tho local
irouil wns bearish, but cautious, rending iomo
dcflnlto statement from tho Allies on the
blockade qurstlon.
In tho afternoon tho market bpcamo heavier,
prices receding from 0 to 10 iolntH at tho
close.
Sat. close. Open. High. Low. Close.
March 8.2fi K.2H H.fil 8. in R.15
Mnv 8.47 S.4I1 R.3I 8.H3 8.30
July R(iH 8.(13 8.73 8.33 8.03
October S.7 R.03 0.0(1 K.SIl 8.01
T)C(embPr 0.111 0.15 0.22 P.03 11.10
Bpot 8.33 8.23
NEW YORK COFFEE MARKET
NEW YOIllC, March
oocnod stcudv. Futures
abovo Saturday's finals.
1. The coffee market
advanced :t to 4 points
iticos toilow:
Today's Saturday's
onenlng. close.
April
.ou n.onTfn.na
-Mny
Juna
3.00
B,0t!83.70
l!.(17
(1. 73
n.ss
0.90
n.ii3
7.00
7.03
7.08B7.I3
n,(rif(3.(i3
0.(130(1.011
(l.74fl().73
(l.,S.IJ,ll.8
fl.Mlfi (1.110
fl.Oiff().03
7.00O7.01
July
August
Houtember
October
Nopmtier
December
January
February
ouica, iooo bags.
FOREIGN TRADE CHANCES
The ollowlna list at forelon trade opportuni
ties or American manuacturers Is plfen bu
the Ilureau of Foreipn and Domestio Commerce.
Department of Commrccc, at ll'asnlitfflon, nnd
addresses and further details may be had bu
corresponding with the bureau, oivtng the num
ber of the inquiry:
No. 15S01, ollvo oil An exporter In Spain
has Informed un American consular officer
that ho desires to rocelva the names and ad
dresses or firms In the United Btates which
nmy care to Import cllvo oil. Correspondent
phould be In Spanish.
No. 13S02, electrical supplies One of the
conmerlcal attaches of tho Department ot
Commerce reports that an electrical company
desires to be placed In communication with
American manufacturers of electrical supplies
with a view to representing them In the for
eign country. Iteference Is given.
No. 1380:1, wire, water Miters, chemicals, etc.
An American consular officer In Eurnn re
ports that a business man In IiIh district
wishes to Import wire. Iron box straps, water
niters and chemicals, or represent American
exporters of those materials. Correspondence,
catalogues, etc., should be In Spanish.
No. loSOl, equipment for central heating
planw A firm In Itussla has Informed an
American consular officer that It wishes to es
tablish permanent comirerclal relations with
American manufacturers of equipment for the
Installation of central heating plants, such us
regulating valves, fittings tor Joining pipes,
sectional boilers, heating apparatus ot stamped
Iron, and tools for connecting pipes, etc. It Is
stated that tho Itrm purchases considerable
quantities ot these supplies.
No. 15803 Cheap motor cars and motorcycles
An American consular officer In Spain ro
norts that a merchant In his district wishes to
Import cheap motor cars and motorcycles, It
Is desired to secure cars valued at less than
11000 each. Correspondence, literature, etc.,
should be In Spanlih.
No. 15600. hardware, firearms, ammunition,
etc. An engineer tn Latin America has In
formed an American consular officer that ha
desires to represent American firms on a sal.
ary and commission bails, with allowances for
office, traveling and advertising espenuvs. It
Is stated that he has been the general man
ager of the branch office ot an Important for
eign company for a number ot years, which
service has been discontinued on account of
the European war. It Is stated that he has
ettenslie connections with the leading firms
dealing In firearm, ammunition, hardware,
electric and mechanical supplies, and has had
wveral years' business eoiuatntanca wltb tha
leading railway and traction engineers. Ref
erence, Is given. He states that he wilt share
the exvens of a trip to the United Btates in
order to properly arrange for the representa
tion ot American goods ln that lountry.
CENTRAL DISTRICT
TELEPHONE CO.
First Mortgage 5 Bowls
Due 1913.
Secured by first mortgage on property
rstlmuted to have n value oyer twice the
amount of the bonded debt.
Net earnings more than three times
Interest charges.
Price to Yield 5.07f
FltEH OF I'ENNA. STATU TAX
Ctneltti Jeictlfllno clrculin a r.'qutt
HARPER & TURNER
lpvttuirnt Hankers
1001-1018 Mock Hielmiia Bulldlu-
lbUadeIpbM
PHILADELPHIA MARKETS
in i i i - ' --
GRAIN AND FLOUR
IVltRAT. Ilecelpts, 40,280 bushels. The
market declined 4c. per bushel, due to btarUh
lectilatlon In .all home prrtln centres ..Quo
tations' Car. lots, In Otport !cvntor No, 2
red, spot nnd March, il.4S9l.fi.1i No. 2 red
Western. tlrCSOLBS; No. 1 northern Duluth,
CoilNArteeelpls. 48,242 bushels. .Demand
was light' nnd export deliveries were lc. lower,
Quotations! Car lots, In export eIovtor--No. 2,
spot and. March, 7470.i steamer. 72i&71c. I
No, n, 7lUr7.1o, Car lots for local trade, aa
to. location No. 2 yellow, 77WB7CWc.i steamer
yellow, 7iMJ77c,i No. a yellow, 7fHf70c.J No. 4
yellow, 7473c. wimplo yellow, 03973c! now
cob, per 70 lbs., 60881c. ... .
OATS, Itccelpts, 51,303 hunheld. The
market was le. Tower, and ruled dull. Quotn
lions: No, 2 white, OlH802o.t standard white,
eoMOlo.i No. :i white, ooHflOHc. .,,,
Itvn nominal. ,W .nuolo at ti.lB0l.2O
per bush., ns to quality. In export elevator! and
nt tl.13iJl.ic for small lots of nonrby grnln
"I'LOtJIt. Ilecelpts, BOS bbls. nnd 1,010,718
lbs. In wicks, Duycrs and sellers Rpnrt on
prices and the mnrkot dull and without Im
portant change, quotations, tier. Hill lbs. In
worni-wintcr clear, tn.R0jro.73i do., straight,
tA.T34?7i do., patent, W7.23; Kansas, straight,
jute lacks, llUolr7) do., potent, Juts sacks, tl
T.2B: spring, first clear. t0.MW0.73! do.,
straight, tO.TW: do., patent, 7T.40 do.,
fnvorlto brnnds. $7.()W7.H3i city mills, choice
and fnney patent, t7.Sid7.H3i city .mills, teg
iilnr grades, winter, clear, tn.riOiin.iOt do.,
strnlKlit, (l.7fKf7i do., patent, tT7.23.
ItVi: ll.otnt. In small supply nnd steady,
hut quiet. Wo quota nearby and western ln
wood at J0.75U7, ns to quality.
PROVISIONS
Tho market ruled steady with demand fair.
Quotations, city beef, In Rets, smoked and air
dried. 23H2i1o. ; Western beer, In sots, smoked,
2.1:tmto ; city beef, knuckles nnd tenders,
smoked nnd air-dried, 2J4T28C.; Western beef,
knurklcs nnd tenders, smoked. S728c. : beef
hams, tntSf'12; pork, family, $2302.1.501 hams,
H. P. cured, loose, l3U1l3ttc i do., s klnnod,
loose, 12Uji(i2ic; do., do., smoked, 13V4(SI4c.:
other linins, smoked, city cured, an to brand
nnd average. 14814Uo.i do., Western cured,
lltrtl'sc: do., boiled, boneless. 23g21c.j
Plcnlo oboulders, H. P. cured, loose. lOWflle. i
do., smoked, WiiSllSa.; bellies In plcklo, nc
cordlng to average, loose, liHflllHc,; break,
fact heron, as to brand nnd average, city
cured. 17fISc. ; do., Western cured. 17018c:
Inrd, 'A'estcrn, refined, tierces, 1 Hi!f ll',4c : do.,
do.. lbs, llUQllttc: do,, pule city, kettlo
ronoeied. In tierces, im&IlHo.l do., pure city,
kottlo rendered In tubs, llUQUVic.
REFINED SUGARS
The market quiet, but steady. Itcflncrs' 11st
prices; fitnnrtsrd grnnulated, 3.80c.! "no
frnnulated, 3.73c: powdered, 0.83c: confec
loners' A, S.C3c.i soft grades, 4.tKS0.bOc.
DAIRY PRODUCTS
nt'TTlilt, Demand wbllo not nctlvo was
siirflclent to absorb the limited receipts ot
fancy stock, prices of which ruled steady. Quo
tations: Western, fresh, solid-packed creamery,
fancy, specials, file. ; oxtrn, 32e. : extra firsts,
:ilc; firsts. '."Jfl.'lOc. : seconds, SdflSSc; lndlo
pnrked, 21rtf2.'tc, ns to quality; nearby prints,
rnney, :15c. ; do., nverngo extra, 34c : do., HrstB,
:i);j:iJr.; do., seconds, 2RQ23c. : special brands
or prints Jobbing nt 4l)f42e.
I:(UIM. llerelnts wero more liberal nnd
prices declined 43c. per case or IVjC, per doten.
At revised llgures there was a fair demand
for choice fresh stock. Quotations: In freo
cases, nearby, extra, 23c. per doz. : neurby
firsts, ffl.HO per standard case: nearby, cur
rent receipts, fl),73 per enso; Western extra
tlMts. JH.IKi per care; do.. HrstB, tO.73 per
enre; Southern. t.30rT0.OO per case; fancy
selected cnudled fresh eggs were Jobbed out at
27if20c. per doz.
ClIKKSi:. in moderate but amply supply
nnd quiet at former rates. Quotations: Now
York, full cream, full make, choice, 17(817'.ic;
RECORD FEBRUARY FINANCING
Total Corporate Arrangements Ag
gregated Over $211,000,000.
According to the beat computation, corporate
financing during tho month of February ng
gregntcd more than t21t,000.000. This in
cludes tho tlOO.000,000 New York Central con
vertllilo 0 per cent, debentures, for which
stockholders or record March 10 havo the right
to "Uibscrllio until April 20, but which havo
ilieen underwritten by bankers. The past month
established a now record for corporate llnanc
Ing alnco April. 1014. when 23l ,000,000 was
consummated.
Including ln the January total tho Rt. Paul
convcrtlblr otTerlng to Htoi'khotders of f20,141,
300 refunding nnd Improvement mortgage con
vertible 3b.. tho total for that month was
J17l.000.ooo. or t37.ooo.ono under tho r-nnnclne
In tho short month ot February. In the first
Tour months of tho war only S127.00O.000 of
corporate llnauclng was arranged In this coun
try. Ir the next month, December, 112.000,
(KiO flnnnclnrr una done. Theso figures are ex
clusive of Government and municipal financ-.
Intr.
Approximately ?170,000,000 of tho .February
financing was for refunding purposes, only
fll.OOO.OCO securities being sold to raise funds
for now work. Tho flOO.OOO.iKio (.'enlrnl issue,
being entirely to retire notes, greatly In
creased tho proportion going for refunding,
filnce tho war stnrtn.l, npproximRtely X20H,
000,000 of rnpttal has been raised for now
work, while close to $120,000,000 hn.i been
required to refund maturing securities. Over
three-fourths of the past month's financing
was done with bonds. This Is a larger pro
portion of long-term financing to the total
than has been dono since 1011.
NOTES OF THE RAIL
Tho Interstate Commerco Commission
held today that mllllnK-ln-trnnsIt charges
of l'A cents per 100 pounds on local and
ex-luhe grain, t. o. b. from Buffalo, N. Y.,
Is not unreasonable. Tho ruling was on
the complaint ot various milling com
panies against such charges at points In
New York and Pprjnsylvanla. It was also
held that the application of through rates
on grain or by-products from origin to
destination on mlllcd-ln-trunslt grains
docs not result In unreasonable charges.
Extonolon to competitors of tho Chi
cago, Milwaukee nnd St. Paul Hallway
of joint through passenger rates from
about 40 points on the Great Northern in
Washington and British Columbia to St.
Taul. Omaha and Kansas City is alloged
to bo unjust and discriminatory in a com
plaint tiled by tho Chicago, Milwaukee
and St. Paul with the Interstate Com
merco Commission today.
Tho Cincinnati. Hamilton and Dayton
Railroad and ono other rond are named as
respondents In n Joint complaint filed to
day with tho Interstnto Commerco "Clom
mlsjlon by the Toledo, O., Commerco
Club's traflic b'Jreau; the Cleveland Cham
ber of Commerce; the Detroit Board of
Commerce: tho Springfield. O., Traffic As
sociation; the Canton, O.. Chamber of
Commerce; the Columbun, O.. Chamber of
Commerce, and the Greater Dayton Asso
ciation. It was charged that tho granting
of a proportional basis of rates nnd prac
tices on Southern traflic from Chicago,
Peoria, .Mllwaukeo nnd Davenport to Ohio
XUvcr gateways Is unjust and. discrimina
tory, In that the defendant railroads ro
fuse to grant a similar proportional basis
of rates from the complaining cities' terri
tory to Ohio Itlvor gateways on similar
traffic.
There were BS employes of the Pennsyl
vania system placed on the pension roll
as of February 1, 1915, of which 43 were
from lines East and 12 from lines West,
Five from tho former and one from the
latter had been In service more than 50
years. The total number of pensioners
now Is 4358,
Liquid
An investment that may, at
all times, be converted Into
cash is LIQUID.
There is an erroneous im
pression that none but secur
ities that are actively traded
in are readily convertible.
A ready market awaits any
security that is founded upon
actual, demonstrated value,
and such a security can al
ways be sold at its value.
It is LIQUID.
Send or call for our book
let. It is interesting on this
subject.
The While Investing Company
WALTER WHETSTONE
Philadelphia, Manager
Morris Building, Philadelphia
da., do., ttlt lo (rood, iOUSlOtte,! do., ctam&t
make, lr.Hgloc i do., part skims, sg,l3c.
POULTRY
I.IVIi. Demand fair for desirable stock,
and vnlucn steady under moderate offerings.
Quotations: Fowls, l4HflVio.i old roosters. It
SlHic; chickens, soft meated, lfkgioc. t .do.,
staggy, 13c. i turkeys. 1317o. ducks, 15(UCc.
geese, IZWlfJo,; guineas, as to quality, per
pair, 501;, oc, ; pigeons, old, per pair, 223o,j
do., young, per pnlr, Wif2M.
imi:8SISD. Offerings of fine desirable
slzsd stock llsht and market generally stendr,
blit trails quiet. Squabs easier. Quotations
Freeh-killed fowls, 12 to box, dry-picked and
dry.-paeked, seleo:d, heavy, lRVic,, weighing
4jr6. lbs. apiece, I7'4e. i do.. ai lbs, nptece,
lilSl7e.t do., 3 lbs. nplece, 15Vsttl0c.i do., Un
der 3 lb apiece, 14if13c Fowls, bbls., dry
picked and dry-packed, Western, 445 lbs
apiece, 17c. I do., do., .'IH Ibi., ISVjCTloo. , do.,
uu , o ius. nnu unncr, iivrijc. inu roosters, ury
plcked, lie, Drolling chickens, nearby, 1W2
IliB. nplece, 2223e.i do., fair to good, ISfizoc..
nr to goon
, 20f22o j
Western,
Ti lbs. apiece,
do , fair
to OOOd. 14fftlNe. Chickens. drv.nickM And
dry-packed. In boxes, mllk-fcd, 31 to (in lbs. to
do,, 18c, do., 37 to 42 lbs. to do.. ISci.do.,
43 to 47 lbs. lo do J.. 18C; do., 48 lbs. to dot.,
20c ( do , 00 lbs, nnd over, 21c I corn-fed, St
tn 42 lbs, tn dot.. 10c. do., 43 to 47 lbs. to
doz., 17c: dn 48 lbs. to dot., IPC: do., 00 lbs.
and over, 20c Chickens dry-picked and dry
packed. In bbls., selected, heavy, lUc.i Western,
corn-fed, B lbs. nnd over, 18c, do., do, 4 lbs,
17U7c.i do., do.. 314 lbs., 16iic! do,, do,, 2
(f?'l lbs, 141313c Turkeys, dry-picked and dry
packed Fancy, nearby, 21c: do.. Western,
21o : rnlr to good, l."f20c: old toms, 10920c.
Ducks, fancy. In boxes, l7fr1Sc. ; do., ordinary
to good, 12Sfinc dcese, nearby, 124?14c ; do.,
Western, 10J12C. Bouabs, per dos., white,
weighing 11 to 12 lbs. per dot., tl."0W3.23:
while, weighing 0 to 10 lbs. per dos., t4u4,SO)
do., do., R lbs per dot., t3.4033.no: do., do., 7
lbs, ter dos., t2 MSH; do , do., OflOU lbs. per
doz., t2ff2.2fi; dark and No. 2, C0c.tl.23.
FRESH FRUITS
The general mnrkot quiet with fairly liberal
offerings nt rorelgn rates. Quotations: Apples,
New York, per bbl. Qrconlng, t202.BO: King,
t2T2 73; York Imperial. t202.3O: Uen 3aV.
tl.f4r31.7ui Hpv. tl .7302.00:. Baldwin, tl.7Rp
L'.OO: other rood eating varieties tl.7BB2.60i
medium, 1101.60: apples, western, per box
730 SIH. 2.'; apples, Delawaro and Pennsylvania,
per hamper, WiftGOcs lemons, per box. t2M
2,75: oranges, Florida, ocr box. tl.73R2.R()i
tangerines, Florida, nor strao. l..',Of!2.r.O;
grnpefri'lt. Florida, tier box. (101.7(1: pine
anphs. rcr crate 1'ortp Illco. tl.BOfflB! Florida,
.1H4. crnnbcrrlos. fancy late varieties, per
blij.. t-1.CO4f4.B0i cranberries. Jersey, per crate,
23tf73o.: pears. Now Vork. Kleffer, per bbl
(1B2; strawberries. Florida, per qt., 1BB3SC.
VEGETABLES
Ooffrlngs woro fairly liberal and prices fa
vored buyers under a light demand. Quota
tions: White potatoes, per bush. Pennsylva
nia, SWrnSc.i Mnlno. 43S"30C! Now Vork, no
to quality, 40SHSC.; sweet potatoes, Delaware,
per hamper, largo, tl'2S8rl.50: medium, 1)04
73c; swent potatoes. Enstern Shore, per bbl.,
No. 1, t2(T2,75; No. 2. $1.3001.73: sweets,
Jersey, per bbl., No. 1, $3.2593.30: No. 2. $2
2.30: sweets, Jersey, por basket, 73cttfl:
onions, per bush., fiOtpS&c.: do., choice, per
l()0-lb. bag. ti-13; do., medium, per 100-lbl
bag, tl: do., seconds, per 10i)-lb. bag, 75ci
(abliage, Danish, per ton. $Nffl3: cauliflower,
Ncnv York, per crnto. $l(rl,75; spinach, Nor
folk, per bbl., f 202.23: ItaTo, Norfolk, per bbl.,
0Uc.iiiJt.2fi; lettuce Texas, por bush, basket,
$1.3002.30; do., Florida, per basket, tl?0:
beans, Florida, per bosket, $284.23: pens,
Florida, per basket. J2..V)riM; eggplant, Florida,
per box, $2S.'I.30; cucumbers, Florida, per bas
ket, $.'.o095. Bquash, Florida, per basket, $2.V.'!
(fifl; peppers. Florida, per carrier, t23tf.B0;
beets, Klorldn, per 100 bunches. $3$Ifl; tomo
tocs, Florida, per carrier, fancy. $2.B0&3.GOj
choice, $!SrS; celery, Florida, per crate, $1.23
I3'i; do., New Tfork. per bunch, .133730c; mush
rooms, per 4-lb. basket, C0c.ftl,20.
BANK SURPLUS EXPANDS
Philadelphia Institutions Also Report
Increased Loans.
An lncrcaso of $020,000 was recorded In tho
surplus of the Philadelphia banks for the week
Just ended. Loans expanded Jl.OM.COO, and
thero was also a moderate Increase ln Indi
vidual deposits. The details follow:
March 1, 1013. Increase.
Loans t404, 1122,000 $1,030,000
Deposits (ind.) 320,103,000 501,000
Circulation 11,310,000
Hue from banks 52,3117,000 MOO.OOO
Deposits of banks 132.423.000 301,100
Kx. Clearing II 12,070.000 1,707,1'CO
Iteeervo hold 1)1,483,000 071,0fO
Reserve required BO.OOl.Oco 042,000
Surplus 34,424.000 020,000
Surplus under old rorm: March 2, 1014, $23,
IKM.OUO: March :t, 11113. $3,t)n.-,,000; March 4,
1012. $14.3211,1)00; February 27. 1011, $11,272,
730: February 28. 11)10, tt),i;o,2SO.
Decrease.
W. D. GRANGE RE-ELECTED
Stock Exchange Offlcers Remain Un
changed. At tho annual election of the Philadelphia
Stock Exchange today all tha principal officers
wero re-elected without opposition.
The ticket was as follows: President, Wil
liam D. Orange; secretary and treasurer,
Horace II. Leo; chairman, Gcorgo W. Palmer,
nnd vice chairman, Joseph II. Struab,
The only contest was for members ot tlip
Governing Committee, night members were to
bo elected, and thero wero ten candidates.
. T.h0. ttn candidates for governing committee
Included William S. Baker and Itobert llaro
'Javts. The Kovornlng committee elected wcrj
kj. ii. i.tun. u. -uursuurs, w. JU. uixms, tr. N.
Matthews. II. J. Moore, c. L. Moyer. I. T
Starr and II. J. Sullivan.
MINING STOCK QUOTATIONS
TONOPAH STOCKS.
., Did. Ask.
Jim Dutler 03 .(HI
MacNamara ,, ,03 ,03
Midway , .08 .10
Mlspah Ext ,,., 22 .24
Montana , ,44 ,47
North .Star 13 .13
Ton ilcl 3U 4
Ton Bxt 211-18 2T.
Ton Merger - .10 .33
Ton Mln , fl mi.
Ttescue Eula ., ,04 ,00
West End SO ,53
aOLDFIBLD STOCKS.
Atlanta 23 ,20
llluo Dull 03 ,03
Honth ,., ,.'11 ,!Vi
Bulldog ,0,1 ,0.1
COO 04 .0(1
Comb Frao 08 .10
Dlnmondllcld It II ,02 ,04
Daisy , ,00 ,07
Florence , .48 .30
lloldileld Cons 10.18 ju
(loldtlold Merger , 20 .21
Jumbo Ext .35 .37
Kewnnas ..,..,. .14 .13
Oro ,, 08 .00
Bund Ken - .. .07 .00
Silver Pick 00 .07
MISCELLANEOUS,
Fairy Axteo ,,,. .01 ,03
Kimberlv 07 40
Nov Hill 21 ,20
Nev Wonder ,. 1.03 I.70
BAH SILVER
NEW YOHK. March 1. -Commercial bar sil
ver was quoted at 404 cents, uu K.
The Guaranteed
Mortgage
combines all the essentials
of a sound investment.
Every avenue of possible
trouble or loss safe
guarded. Send for Booklet
Philadelphia Company for
Guaranteeing Mortgages
221 Ijind Title llulldlnr
l'hlladelphta
William It. Nicholson, President
Sound Investments
Ve have ten issues in
our office, today, all of
which meet our require
ments to be classified as
"sound investments."
Circular or personal call
at your pleasure.
Biazier & Ga
BANKERS
132 South 15 th Street
4 at 18S ooupois
r-rJ&AjMs-jsea;.;.,
M'jAzd