-MmJAi'W.y.mr'
PBTDAT. MARCH
1016.
t,J..lMi.lWt,JHl)i(i)4pig
13
iioCAL TRACTION SHARES AGAIN THE STRONG FEATURE-DROP IN BALDWIN PREFERRED
m
Cg
AS
3
i. wS 'brought out. On tils buying
.nS Btrength developed nnd nil
roM. .5 n nolnt nnd over were qulto
eincei ' - ' . ... .u ii-i
n ini
ed the upward swing,
Ieading stocks up
A POINT AND MORE
U Led in Upward Move
.rnent Steei oun,
Settled Soon.
....... vntitv'. March B.-Aftcr nn IrreR-
Wring today the stock market be
" . -L. ftlthouch there was vtry lit-
I : ;.m,nH and what trading was dona
'. rrlnclpalty by professionals, outsiders
iM F .... i short covering and n rc-
,rt tom.MB ..-.rnllnllons
jiiHcnce or me iui.. - -
;et, under way for early peace In fci.r
U were thought to bo responsible for
ft. itronger tone. Around midday prices
L. up about a half all tho way round.
$! J?" ZiV of shorU nnd a
Lwy good Investment demand the
lifk mrkot broadened out materially
r!' ih. afternon session. Many Issue
In ?M " i .i.nll In durlnc tlio morn-
thH "'. ..i. ,. n.i iMa Imvltiir
.PIS
'jrofi
tint. . . , .h st
' 'Slnrokd shares wero particularly
:JrrA led the upward swing,
nil tfrtuVlly the whole market following their
II;-liuri. to higher levels. Many of the
Jlt'touri w ' . ,..,, viH(1 for leader-
'MIiIhh tho balanco In favor of tlio
Otn Strong spots In this group wero
Sffir. which touched 1I5H. for nn nil-
Kim of 13VI; Chesapeake and Ohio una
'Sthlih Valioy. both tip over a point,
rffilan I'Aclllc wns 2H at tho clop.
iLanaul" .I, In Ihn nmo
The llrengin n ' "- .. ,
tL uDward turn was more pronounced
than on any uny mute mu n.r.i.h iuii
rkiti levels began. ..
9 Traders said that tho strength of the
I nitM was due more than anything else
k-?6 the report that tho Government suit
m,..mt the Steel Corporation would soon
ii ettled. Chairman Gary denied that
Conferences between the corporation's at
sJ...av. hnrt heen held and that a satls-
JMictory agreement would be reached, or
lud already been agreed on. In many
s:s .. ti. oirAAt. Iinwfivpr. It woh
Sfouartera m "" -- , -
ktld that the courts will lose no time
'in reaching a decision, In view of tho
Importance or mo sun. oicm tuumwu
touched 4syt up
i fh. street aDnears to be more and more
iure that the European war will end soon.
pAHhough no one professes lo nave any
rwsltlve Information that anything definite
.v ... Anna It la hrllovnil hv mntiv that
MS oecn ""- ' ----- --
iome negotiations nro under way.
Strengthening this belief that peaco will
joon come is the report that large orders
for munitions recently placed hero have
i leen canceled. Humors are also current
' that contracts for large supplies of Amer-
lean wheat have hIbo been annulled, both
i-yfor this reason and on tho belief that tho
allied fleet will be successful In smashing
ill way through tho Dardanelles.
New York Stock Sates
A
2Ti
27! S
2(1
Ki
40)S
27
27'fj
2D
30
01
ft
ftfIS
"urn
M
Wtj
'11 Hi
A
I tin
n u
for i
l-M
it tkl
0.1st
ItUl
I JiB
iri u
Mb
td'M
lorci
) li
W)
V
ita
IMtl
cilia
,3
8
i,,,... ,,,., l-asleloie. ltlgh, t.ow. close.
AhiskatloM Mines .... 20U 30 29)i 29!
Am IppL" r,;,! C5 M W
Jmi hem W -,J' -IW 40t
AmllhuEar 39 , 30!i39j
"; 275 2S4 27 28JJ
AS!rnr&F,y 41H 4!H 4214 42!5
jLTmS??' "ref'-12'f 112 H 1I2J4 112JJ
;2"'MntBf GO fiO'S f0i 50)8
.."on )M 4d 4(14
AmJti,0ALpa(1)crpref 27,
m Ifo 071s i7
'jmAfall prcf so rn
Amsmeltine 02'f (Vl'J
jw.T"lll,l'rct 101H ltll'i 101'f lows
A"6'""T 151 lf,2 152 152
"; l(ll! 102 101't 102
AL'ily 25 241S 2JH 24Ji
Anaconda Copper 25H 20'S 2.11J 20' i
..uiiisun k,t jjfj
Ail?'!'!'?n.',rcf 07f
Haldnln I,oco 'm
JJalt&Ohlo co
Join Sleel r,i
"tOOlilvn Until.! TVHKI, tills
t nr . ".,..1. i.tiiisib 01.1 co-i oi;i ii-
California Pot !; i8i$ 17' IB1
r",1,fc."lc'.- 150U lfS'i 15rt! 158'S
--"iiai i.c.imer ;j,i,'i hjij ;h'( ;i4;t
Cenlral Leather pref...l()2h 102' 4 102)4 1024
ChM&Ohlo .n 4'M 41M 42U
S5n0 Copper ash 30H 354 34
Che Mi ahip i0( S8 8(i 87
nS W Hl v Dfef '127 123)4 1235s 123!
ChcAiNorlhw 121' 122 122 122
Chicago. II 1 &, Pacific. . 21 224 21 224
Col Fuel & Iron 234 244 244 244
CcntCanprcf 02 ol 02 02
CoasolClai 1174 117 110 117
Corn Products 0,4 104 94 104
F,fn. p,pdueis prof f,04 074 Cf4 074
oe Hudson 1444140 110 140
ue r.Bck ft W 410 .,nr, .,,,5 405
Detroit & Edlnson ....1124 1134 113 1134
Distillers Securities.... 8 84 8 S
t0'; 214 224 214 224
Erlolstprof 314 30 314 3(1
"enChcm 100 188 188 188
wen Chom prcf 1074 1074 1074 1074
00 054 90
OS 98 OK
28! i 28 584
084 004 0-4
04 0'4 084
CO 55 50
f-84 874 884
RAPID TRANSIT
IN STRONG DEMAND
Locnl Market Displayed Im
proving Tendency Baldwin
Preferred at New Minimum.
Although not particularly netlvo, the
Philadelphia mnrket displayed a distinctly
firm tone during the greater part of to
day's session. All Interest nt the opening
centred In the traction Issues as a result
of tho passage of tho transit ordinance,
nnd both Union Traction and Itapld
Transit scored ndvances. The latter was
relatively stronger than the former. Tho
Street nppcarcd to he of tlio opinion that
the present plan would be defeated at the
polls. Ue that as it may, very optimistic
expressions were heard us lo the market
possibilities of both stocks.
In tho afternoon United States Sleel
became buoyant advancing across 5.
Some of the buying oidem were reported
to be coming from Now York. Tho Phila
delphia Klectrlc Issues also displayed an
linpiovlng tendency. A fracture of tho
bond market was u rise of IH points In
Welsbach Cs.
Hlds for Keystones Telephone stock and
bonds found tho mnrket bear and tho
pilco promptly advanced for both Issues.
I.ohlgh Valley Transit was another strong
spot on buying by tho post broker, and
Pennsylvania Salt was picked up by
Investors at l lie minimum prlco of 80,
which Is the lowest point this old Invest
ment Issue has sold In many years. It Is
understood that n cortnln amount of liqui
dation for nn estate hns been completed.
The company Is said to bo doing very
well under the new management.
Baldwin Locomotlvo preferred prompt
ly fell to Its new minimum limit at tho
nnanlnir tn1i rri.t .... a .
2221 52 m m w m ur&t i, rss z,:
tlcnctal Motor 92 92,4 92
Ceneral Motor pref .... 014 OS 05
Oreat Northern pref ..1154 11G4 115
Clrcat Northern Orocts .12 asw :vi
"ucccnncim kxp ...
Ill Central
Inlerboro-Mct
Intcrboro-Mot pref .
Inspiration Com ....
Int Harv Corp of NJ
int'l Paper pref
Financial Briefs
The D0t quotation for raw sugars ad-
t-ftt.--AJ 10 nnlnln In 4 77 ntmtM
l.uycu A J'"' v" -
Exnorts of copper from New Tork, Fhll-
JAInM;, nn1 "Hnlllmnr,. fftr tho week ond-
"SliliiE March 4 totaled K097 tons against S4C0
hiiijfajear ago; sinco March 1, 43SS tons.
trtMU TIiapa urg. lintfirl nn thn lnnnl l.fhnllrR
Sllito.000 additional Atlantic City Electric
vVMlnipany ihhi aiiu luiuiiiuu ojiirwui u
percent, gold bonds due 103S nnd J1SO.O0O
' .iddlilonal preferred stock of the Vlr-
jiglnla Hallway nnd Power Company.
v. The total amount of money In circula-
XHnn rtn -rnfnli 1 nnnrrllni. to tlin FT tt 1 1 m I
iM"w" v -" n -
Stales Treasury monthly statement, wns
11(50,53,916, which showed a falling off of
3,300,K3 from February 1, but was Jll,-
W,60i more than on JIarch 2, 19H.
The American Smelting Company ad-
mnced the price of lend from 3.90 to S.95;
,Por the year ended December 31 tho
Corn Products Refining Company reported
tv surplus available for dividends of J2,303,
U, an Increase of $ 20,301.
,iThe New York Cotton Exchange mem-
tershlp of Louis Starr. Jr.. has been sold
Wor 110.600. Last sale was at J10.75O.
f.KCQratng to Uraastreet s exnorts of
jf wheat this week were 8,433,000 bushels;
, -last week 7,3o8,000 bushels: last year 3,-
,tn,M0 bushels, since July 1, 379.837,000
rbushels; year ago 190.8S4.000 bushels. Corn
IB, shipments this week 2,616,000 bushels, Inst
g week 989,000, laBt year 61.000. Corn shin.
I meats since July 1 amounted to 19,329,000
; ousneis, comDared with 2.05snni lmuimic,
urlng the same period ti year ago.
Reports from Unlllmnri n. tilnnu nrrt
sunder way for the organization of u hold
Em!: corporation to take over control'of tho
IConsplldated Gas, Klectrlc Light and
Power Company, the Pennnvivimfn Wni.
p,nd Power Compuny, tho United Railways
I? Electric Company, the Maryland
P Pennsylvania, with perhaps somo
kpther outside corporations.
It Wns said that Innnlrlxa rannlh... ,.
l?,Iket ,for Car.ad!an Pnclflc In Herman
inAtnes brouirht nn imttn i.t.i n. .
IS i u.nder th0 mnrkot. Such stock can-
f. u lr"nsierreu and the. dividend will
lit ir va'" on " ""ring the. continuance
y the war.
2S
lit
lb
kli(
w
)K,
tu
If
Kreseco prof..
Lehldi valley ..
Lou Is v & Nash .
May Uept Store
Maxwell Motors
Maxwell Motors 1st pref 084 084
Maxwell Motors 2d prcf. 204 27
MStl'&SSM 1114 113
.Mexican I'otroleum .
Mo Kan & Texas
Mo Kan & Texas pref
Miami Copper
Missouri Pacific
Montana Power
National Biscuit
National Biscuit pref
National Knamcllnt! .. 10
Nat Knamellnu prcf . . 794
924
95
1154
32)4
.. CO 51.4 51 51
..1034 1044 10 J4 1044
.. 12 124 124 1.4
504 574 504 574
.. 104 204 20 204
024 004 004 90.4
.. 304 37 MH 37
..1004 100,4 100 1004
..1334 1344 1344 1344
..112 112 112 112
.. 524 53 524 52,4
27 2'.4 27,4 28,4
G74
05! i
10) i
29
20
124
50
20
112
C54
04
20
20
114
50
074
104
27
204
124
504
120,4 1204 1104 1204
122 121 124 124
2G4
113
674
U'4
27
204
124
50,4
104
85
554
124
5i-4
d4
254
104
85
53) t
124
484
824
104
S5
55!t
J 24
50,4
84
254
..1004' 101M 101,4 1014 I
. . 1014 1033S 102,4' 1034 !
'.. -V,i 5 5 5
.. 204 204 204 204
..1054 1055S 105 1054
...118 119.4 110 1194
.. .. 15 15 15
.. 20 204' 20 204
..01 034 93 034
.. ISO 1M) 180 180
.. 27 27 27 27
. 1514 1514 1514 1514
.. 104 20 104 104'
.. 174 174 174 174'
Hifc,- 1454 1434 1454
204
77
H
1.4
14
34
13
.34
251J
34
h4?S
154
48
454
094
474
034
20)4
1U4
7(1
4
14
14
34
124
32
254'
204
14
14
34
13
334
25)4
3)4
81,4
154
48
45)4
094
474
934
.'04
DIVIDENDS DECLARED
Continent I. Vn1lltl,l nl.i
"'rn.E'eet.Ho Company, recular mu,iii,
arch 31 to stock of record
.CanidUn lAmmniu-- r.
I.,.,,; piy ,', on rrereYrei. EffiJ
.""""'".P0" nd tJltht Com-
SrWl March -1. "-- "H'l ' o tpcK of
i. ,.., "-.. -r
' 4mtr'can 'lec' Sui-ar, regular ouarteriv n
- ISterhnrrtiich nt,l,i rrl! . . .
s ! u v " ' ."""l iiuiif rvBuiar nuarter.
; .Subway llcalty Company, regular nuart.rii
fflP"M.r?v,Vattbl9 A"r" X " "oT'.ir
i.ff. ti " ""' Puar Company, regular ouar.
? i;uer.r?orS sa
..?" .V"rl 8tate Rallwava Comn,
Per Cent. On inmmAn hAi. ?.?!
Avarte:
jmy l pr cnt.
on common.
prlt I ta r.tw" "nf ?.X "S":.D?L' Paiab'8
r ... -n.v..
18.
NEW YORK CURB
BllrJen
L"!?'Mi'J:"
tm :isiu . ...... ?"w
tnm i:an
Ktf Bt'v ........... .!.::
B prej .,,,..,
Ktwlliig (luni ..','..','.'.'.'''""
ESS?r42M JHti
Mjo Brf
" or nni
Mri4 Film
skstt rinM
Ei aivWendl
Bid. Askerl.
... M 27"
::: 4 4
..,. Tog
... 60S DO
... M rt
... 01 ftl"
... HOVi 0.1
...J13 III
... 3H 37.10
... a n
... 2'4 H
FOREION LlYnif iVf.u
i&srtH l?.i Vr5h 8- ukF?"'b "cUana
Erfstfi oinetJ steady, with daman .t.iir..
Tn (ha B a i-n . 1 (U .. m y - .
;rriacUn,?a"t,bewrn.885,,ln'
oii iiui. j? tnnsm. aiarkfl.
lineUsh Bond Tsani
a"'HK. March a -An lu of ISO,-
ye aa ar,itoun-A.t ludai ihav A
ftiai.ie at i-ar.
At ,
tUre
ab!e)
and
era,
St
NatLcad 534
Nevada Con 12.4
NYNH& II 4S4
NY Central 824
NYO& W 254
Norfolk & West
No Pacific
N H It Mexico 2 prcf. .
1'aciric Mall
Penna
People's Oas
PcttlboneMulllken.
I'lttsburc Coal
Plttsburu Coal pref
P Lorrillard Co ....
Pressed Steel Car .
Pullman Co
Railway Steel Sprlns
Hay Cons
Reading
Republic Iron & St
Republic Iron & St pref 7,
Rock Island 4
Rock Island pref 14
Rumely Co 4
Humcly Co pref 3
Seaboard Air Lino 12
Seaboard Air Lino prcf 32
Sloss Shell leld 254
StL&SFran 2d pref. 455
Southern Pacific S3
Southern Hy 154
Southern Ry pref 474
Standard Mlllinc 45
Standard Mllllne pref.. 00
Studebakcr 474
Studebakcr pref V.i
Tennessee Copper 204
Texas Co J3.') 133
Texas Pacific R II .... 13 13
Third Avenue 494 50
Union Mac & Paper ... fl
Union Pacific 118
Union Pacific pref .... 70
Uu Rwy lav 10
Unllwy Inv prcf 274
US Express 70
U S Rubber C54
U S Rubber 1st pref ...102i
ti sit.H,i 4Sr
USSt4prt(
United Cigar Mfc prcf.
Utah Copper 514 53,4
Va-CarChcra 20 2U
Wells Fareo 85 87
West Maryland 20 204
Western Union 03 (134
Wcstlnehouso Klectrlc ..08 (84
Wheellne &LK 24 24
Wlllyi. Overland C9H C0.4
Total sales loday 2G8.000 shares, compared
with 174,300 shares yesterdays thus far this
week 1)77,205 shares: samo iwrjod last ueek
881,327 shares.
uuoted ex illvldfnil In New York today:
Hallway Bteel .Sprlns iirefrrred, J?; per cent :
Merumtlialer, -" I'"1" eent.; i'almt Un-wlnjs
lirelerred, 1 per cent.
BANK CLEARINGS
Hank tlearir.ga today (romnared with corre
.pomllltK -"y I" to years-
I'hllarta . .. .$W,4-J4.r.n7 f-'.ytai.7JI) J.11.1UV1SI
llottiin -"-' T7I.1.V B4.0O7..121 SI.OIUI.MI'I
Now VorK.. 8SI.IMt.4S1 S52.sao.llW 3W,374,3iK!
St. Louli.... 11.010.2T4 12,71K.05l 12,73U.:iU
RATES FOR MONEY
Call.
Philadelphia M;
..x ..
."
of tho loss. Only a few odd lots changed
hands, but tho Street opposition to retain-
iiiK any minimiuns on purely local Issues
is KrowliiR. Today some severe criticism
wns heard amoiiK brokers' ofllccs ronccrn
Inj; the commlttco's policy. Incidentally
American Railwnys shares fell two points
this afternoon to tho new minimum limit
of 33.
There was a slightly firmer tone to tho
local money market. Commercial paper
runiiliiK six months with the best names,
which recently sold at 3'i to Vi per cent
today brought 4 and 44 per cent. The
banks are buying moderately attain. The
fact Hint all clearing house ccrtlllcntes
and emergency currency have been re
tired has placed Institutions in the posi
tion not only to buy paper but also bonds.
New York Bond Sales
MAY WHEAT DROPPED
ON PEACE RUMORS
IMinfrt In luifirnntlntiAl N'cwfl Service.
JAMES B. McDOUGAL
Governor, of the Federal Reserve
Rank of Chlcarro.
Sales in Philadelphia
Yes. close. High. Ijow. Close.
WO Aitin.1 Copper.... ,W,i M 54 ti 84
11 Am Un looij, 10054
Sil Am Hallways .. an M
10 Am Rwy pM loo
CM llald 1ico pref, PS Oli
f Cam Iron ., 42 42U
a Cam Rtoel 4:i 4.1
IV. Elcclrle Stoiage 4814 41)
,,. " I'.pn.iii... . -o i'u
,i i.i
21 21U
14 14
1VI
-t
14
217
ilo iiref. . . . .
Co N A. .
IKI
DTK
I'.'.", tn (:n
214 Ifpv T.le
4 Key Tel pfd.
II LchlBh Vnl..
too r-olj 'a rr..
10 Mo I'neMi. . .
222 I'cnna It H :.2!4
22l Prima Salt Mf. SO
i:so l'hlla i.:ip . vi
Wi 1'hlla Itapld 'rr. in-), IH
INI., do Tr ctro II 12
2:15 Ton H'l 4(1-10 4'1
r.O Tonopah Mln.... 7',, 7',,
Bj Union Trnctlon. .I.IJi art
iu itniiPfi ui.!. imp 81T4 HUfc
2 t'n Cn X J....B2.1 220
2110 u a steel 4.Tt
8 West J & sen. 4!)
BONDS.
l.nat prev.
, . sa,. H'lth.
2000 A 1.1 A R As ... N.I', S.,1.
2000 Unldwln 1st .ls..loot lnou
11:1 Com S icri lulu not Wtt
in iio 11117 lists ii.vi
70110 Klo d Veo T 4 7P 711
um i'Ii okIh Rn r.3 117 07U
r.Hii Key Tel lal Bs mt l)4i
:i(xh) ih n emu 4(4 mij rnw,
nnn, I'cnn con 4S i:hm n,H ii."i
iiiuii r-inia i-.icc 4H.. ,
IIMNI Phlla Eloo us. .102
100U
3.1
too
IK)
42
43
g
lal
21
Ui
in
iS
100
aa
100
otu
42li
43
2tl
Oil
2li
14U
ll
n7n
II. 14, U4
01 B OH
S'ii ra -i 2'
SI
?!
i
so
Ti,
aS;
520
4a4
40'J
Ml
14!5
4"
22
41
4nn
Lon. Cloae.
N.i). S.I"
1.1 ,
illll
1001,
nn!
us
U7l
in
IH
7R". -.HK
1021$ 10S
UMll,,
Pftl
nj'4
H7tS
114,
7"i
71,
HUH
Local Half-hourly Sales
"liDOO AlaM,a Oolil ev 113 U.N
HIM) A 111 l)ocl l Imp ,1s. ..Iicrtji
2IK.K1II Amcr Tel CM 4s U!l',
UKN) Atchison cv 4s IUS.1... Mi
2:llillO do c In HUM) lis
.1000 ill, iv Tin 11117 101 1.
Un (I Halt & Ohio 4s NsiJ
41KHII) do iv 4'kS SS
KKIO Iloth Steel rfd ."a M
200O llroiik Itap Tr .".a litis. Iin'i
2UIK) Hush Torin III1I1; Sh... Ml
2IKK11 I ul (!ns it Kloc .",..
KiOii Canada Month Ss....
."IIK10 int Leather lot ."3.
4IO0O Cent Par 1st 4s
lfcOon Ches Oh cv 4(.j
IK101- rhes & Ohio 1V4. .
SOtio Chi H ICast 111 la
40OO Chi ICast III .Is .
WH) Chl Hi West 4s
ISS'ioO Chl II . CJ Joint 4a
mono Chl 11 & (j itcn 4a
IOIHI l 111 II fit w 111 .''ta
High. Low, close.
. I12'.j
,U!1
. I III
. Mltfc
. 74
. Nil
. 'Jll't
. IKI4
. 70
. mi
. 1KI
. MIL
322000 Chl M&St V ev Sn wi.l016
2lll, cnl .Mil ,M St I" Ulv 4a WUJ
21H1O Chi Mil A St 1' Id 4',s ST,
I7S00 Chl Mil ft St 1' iv 4I.a l"'."K,
2111(1 Chl MllSStl' iren 4H,s.l(10,'l
2(K)(I I hi It I & V col 4s... 22U
2IIOII Chl Ml L N O .'is..lll!l'i
2.110O Con Oan c (Is wl ..lt:t'4
Uhii bel ft llml Eniiln 4'i,.ini)
HH10 Uen ft Itlo Or 4s 7:n;
Sinn Pen ft Itlo 'lr rfil 0s.. 41!
sooo Peliolt lllson lat r,s.l02i
s
HSI
i'A
HIM
11."
IUIi
SNIi,
M'tH
!.S
im'i
S!
P2li
HCIjl
Nl
73 V,
NTi'li
2ll4
112
70U
IIS'4
N!l
N2
Ull't
NN'i
SMj
(III
II ov
22
lO'.U,
112t
lsl
un
ll'.'i,
imi,
11 1 "h
ns
nil'i
NS'J
NS
NS
lllrt,
Ml
112 V,
iiiaji
lltt.
Mi
74
Ml
2IIJJ
70i
PS'k
N'.lti
N2"h
1111
NN(i
KN.V
lilt,
llsl-li
22V,
HP' 1
Un)
ni'4
10 to 10:30 A. M.
Wi
loJS
47H
W,
(i'JJf
A7H
J0H
i32f i:i.i
V2'i 13
Wi
noa us
so so
11
27f
70
50
103
13 4
11
2SU
103
I5'f
10 i
an
1103 i
80
11
L'Stf
71
SON
103
I3)4
10-1M li'SJS HUM li'fl
1013 101,'i 10m
oL"S
1!1)
87
ma
mi
tUJ
:!n00 liftroit L'ntteil 1'i.b..
iiioo 01s scour corn n...
1200U iml'ont I'owd I'.jh
SO111 Krlo Ken 4a
Iiilioo Krlo com- Is for A..
1200O Lrlo cor.v Is Hor II ..
4(Hi Uric urlor 43
:;(.nn lleucral Motor lis
.'.1)1,0 'len Klcc ileb Tis
2(MKI Hud Man In Ss
I1K10 llud Man rrd Sh ....
20(10 111 Sleel deb 41j8
7IUHI 111 Chl Jt Ss
.'ISfOO ln Cop cv fs "111!!..
.HOOD Insp Cop cv Ha
ttOOO Interh Met 4'is
I'Ufi lnlerli It T rer Ss
41.00 Internl Paper cvt Sh..
loon Intrrnl Paper fla
21SMI In'l Alcohol Ss
2000 lnt ft Ut Nor lat Oa. .
IKKIO J.ip new tier sta 4'h.
KKX) .lapancBf 1st 4',b8
Sinai Kan City So lat 3s..
HUH) Kana ft Hi eh Is ....
111)0 l.icka . (eel Ss 11121...
111(10 Ijicleilo lias IhI
l!il
87
L'OU
mi
2H
O'Jii
Now Vork
llnutou . .
Cliiceso
:::::.::::::::::!!
314
72'.i
llil,
.s-ii,
(17
112
iii;
N2
nil',
102H
2!s
HI
IHJTg
1(10
KI2'i
73'i
1IH
7I1'4
100
IKIKj
US
7SV
7114
Ii7iij
Nil
imp:,
hxiu,
1000 Lk Sh deb 4a llttS... 1KIM.
HHKi ix-n vai or iv v iws.ioivj
1000 l.lg ft M T Ss llll
iuxhi l.orillanl Ss loo's
1000 Lorlllard 7a 122!i
SOOO Louis ft Nash 4s Hl')
Hski Minn ft St L 4s SI
20(0 Mo Kan ft '1' 4a 7N
ISOHO Mo It ft T 41-18 72
21S00 Mo I'dc 4s 41114
l.KHKI Mo I'ac iv Ss 411
1(W Mu I'ae col Sa 11117.... IM4
2IKX) .Mo PaclHc cons IU. . . .too
K):)i Mont Huner 0a t)l
HOW) N v canal imp H'aa. . nirn
lllioiio N V C ft Hud Us w I..1IPH
1000 N Y City .mis 1US3 N4'
.1500 N Y City 4a 10S0 IIS',j
P(XX) N Y City 4'4a 111(10. .10(1
WOO N Y City 4Hs UH.. HO,
(1000 N Y C 41,3 May 1017.101
1000 N Y C 4'ss May 11IS7.1044
IIM'O N Y CI II & 1 4s N.1
1000 N Y N H ft II cv 3'js l
Sllmo N Y Rwy adj Ss ,W
100O N Y State 4'ns lONi-.
::ihh) N Y Tel Ren l's . . . IMS
3000 Nir ft ii I'oacn i.
Iiiiso Nort ft west cv is..
SiTHKi Nor I'ac iirl.ir 4s
?iw,, .In nan 5?M
r.Ti
III 4ll
KCJI4 11121;
72
4.SI,
N7I,
1)7
11214
III
W
1111'.
IC2S,
2l!'i,
N4
IHIK
ll.ll,
10114
7Si
IIS
Tll',4
too
im'v
IIS
7S'i
711 '4
l?,h
J88H
1KH
7244
4Sl(,
NTI,
117
IK
IHS
NJ
IIII14
loss,
211?).
Ml
HS)
US
Tll'4
ion
H'.i'a
US
7.V,
71II.J
117',;,
NO
luils
100',
1H1,
S Union True... ::5?4 ro Henna Salt... NO
II Haldwln pfd.. Ii 18 do SO
1.1 Tonopnh Del. 4',. 2 ITn Coa N .I..22D
17 Henna S2 11.H1 14 Koyatono Tel. llli
1110 Hlllla n T t c 114 100 II S Steel 434
10 M K ft T 0', 2.1 Henna Salt... no
30 Henna ra 200 Tonopnh Del. 4'k
11 Henna Salt... Mi 1(1 do 414
I do Mi 1(1 Henna S2 0.10
ID do Nn I do S2'l
10(1 Hlilla It T t c It", lu llnldwln pM.. Ill
70 Cnlon True... 3.VI; IS Eleo Storage. Wt
10 nice Storaite. 4ST
IIO.NDS.
WOO Hhlla Elco Ss
lOon Phlla Klec s
l()i)0 Kejstono Telephone 1st Ss..
1000 Keystone Telephone 1st Ss..
01 Cam Steel scrip llllll
l3 Com Sleel scrip 1IU7
1000 Keystone Tolephono 1st Ss..
2000 llnldwln 1st Ss
..10214
. .1H2 j
. . Ill
. . Hi
. . omi
. . li.V
. . 114
. .lcoi.
10:30 to 11 A. M
pfd.
I. ..
01
4354
S Baldwin
20 V S Steel
;mi l lllon 'I roe. .. ;;.i-i.
23 Keystono Tel. It'j
70 17 S Steel..,. 413-I
2 Union Trac... 30
12 Henna
in V S Steel.
10 do
23 Henna .. ..
M do
,".(l f U I....
,5211-10
.. 43J4
. . S2X,
.. 8l'k
IIONDS.
IOOO Clioc ft Okln ecu Ss
11 to 11:30 A. M.
0714
S Hhlla Kl
1 Am 'Ins .
23 Phlla Klo .
21 IT H Steel.
11X1 do
10 do
1(1 renmi S.ili
23 Ton Jlln.
11? Q I...
3-10
SlI
lOO'l
24's 2.1 I'nlon Trac... 3.V),
41 100 l.ch Vnl Tr.. ll?
44U is r a i si:
44 100 rnlnn Trac... 3S'J
o 23 llnldwln pfd.. Dili
IIONDS.
lOfiO Keystono Telephone 1st 5a 01
Reported Cancel lation of Con
tracts From Abroad Caused
Decline Today.
rurCAflO, Mnrch 5.-OH reports of
InrSo cnncfllfttlons of foreign contrncts
for whent becnuse of tho rumoretl hobo
tlatlons for pence In Europe aiul the fact
that the nlllctl llect continues to lumish
Hk xvay tlirough tho nnrtlnnclles. the
Mny wh(it opened lower today, Knowing
11 Ions of 214 cents, at l.37'4. wlillo .tuly
begnn 4 of n cent hlsher, nt 1.13U. 1-nlnr
Mny dropped to M.34i, down 314 cents.
wlillo July declined to Jl.10. on 2 cents.
Ueforo tho close, however, soma support -Init
orders wero put out nnd prices re
corded from tho low. Mny ended nt J1.3S,
showing n loss of VH cents from yeslcr
dny. July closed nt the same prlco us
yesterdny.
The consumption of whent throughout
tho United Kingdom Is very lnrge, nvcr
ngiiig during thn pnst thrco months
,b00,000 bushels weekly,
Argcntliin's shipments of whent nro lib
eral nnd the wenther thero Is more favor
able Switzerland Is reported buying
heavily through Italy,
Hnlea of cash onts to tho senbo.ird nt
Western terminal markets yesterday
aggreBnted about 2,600,000 bushels.
Leading futures ranged on follows:
estas
wneai (ipen, num.
Mny 1.37W 1.40
July 1.1.1H L134
corn (iisw delivery)-
May 72S T24 Tl'i
July 74', 74c, nxt
Oa la
May ,-ttV K t,i
July si s2 r,o:
May '..T....tl0.33 10.37 10.30
Juli 111.02 10.(12 HI.S.l '
Hllis--
My v 0.P2 0.P1 P.S7
an .. 10.23 1D.23 10.17
Hotk-
May 17.40 17.40 17,27
July 17.77 17.S0 17.07
ulil. tAked.
l.nw. Clne. (.Inm..
l.ai ti.as i.:ip4
1.10), M.12', 1.12H
7
71N
tMMi fSll5
10.37 10.32
11.112
10.23
17.37
17.75
PS7
10.17
LIVE STOCK QUOTATIONS
CHICAGO, March B.-llO(lS.tlccolpis, 24.
oooi market SiilOc. lusher; tnlxcd and linieh
ers, fil.ri0fKl.s0i Rood heavy, jr..3.",(rin.77't:
roiiKh liettvi, .tdosfliil.'lo; llnht. K...VI1KI.NS.
plus, ffl.asirin.Mii imik. fn.safin.7s.
CATTl.n. Itecelpts, inoo: market steady;
tceea. fS.7S1fii.l."i; cowa and heifers, fulivris;
storkern and feeders. fl.SOVH.40: Trxans, fil.tii
fi7 10 nilvi", fS.S0fll0.2S.
Slir.RH-Ilci'elpts, SOPOi
market steadv. 10.
Iilsher; native and Western, H.'SIU.l'O; lambs,
?0.SOii0.75.
NEW YORK COFFEE MARKET
NEW YORK, Mnrch S. The coffeo mnrket
i moaemto atiiiity future
oliils iibocv the final yes-
opened firm, and on moderate attlilty futures
., lu ,i iF.fuiin iiu.,c, nil' HI
rriics ronoi
ndvanccd S to 11
lerday
March
April
Mny
June
July
AllBllSt
Hertcmber
October
November
December
Sales, noon 1'RKm.
Hid.
Today's Yesterday's
opening. clne.
.... S.B.-.(fjr3.S7
.". ? 4 IflK-. It I
S.7SBS.S5
0.S0
(I NSn,n2
n.ns nn
7 ll',r7.0S
7.03
7.12
3.(iiiy
...IIV.1.T
S.7.liJ3.7 4
S.73IJS.74
ll.Sllfll S2
o.n:ibii.ii(I
Il.tfi1fll.ll7
7.0O'rt7.Ol
i.lTifli.OT
PHILADELPHIA MARKETS
NEW YORK UUTTER AND EGGS
NIIW YOltK, March S. Iliitler-Miirket.
lower and imsettlU: receipts. i;il!3 pickoees;
extra, '10c ; lilitli acorlnK, :nn.jW3l . ; Sinn
dairy, 2Sc. ; Imitation creamery, 22fj22i-c.
KstRB Market, llrm; receipts, 1S.23S cases:
xtrn llratn. 2U'jf. ; firsts, l!iyn"20r. ; nenrby
whiles, IMJi'ilc; mixed color, 20fi21c.
BUSINESS OUTLOOK IIKItB
RKl'OHTKI) AS BHKIHTER
11:30 A. M. to 12 JM.
23 Hhlla It T t c 114
S Henna S2v
Wl Union Trnc... 311
3 do so
.1, IIO IU .1 I Cl J .V .1 n -i'!
loo Hhlla It T t o 11'4 100 Hhlla Klec... 24H
n i-cnnn -.;t .m j-ciinti ceil.
K Steel. .
Illl'i 101!,
100!, looij
UK!
12214
7N
1111
47'4
11.114
DP'
Toco do cen 3a
2(100 do reK 4a
WW I'ac Coast iBt Sa .
IXtnoo Hinna cvt 4',js w 1..
lliOO Henna cv 3ita
Kinco l'ublle Kerv N .1 Sa. .
i!iHl(l ReadlnB sen 4s. . .
.1300 Heptili Cuba Ss 1U04.
2000 Hock Island 4s
21IKIO no rtn -i
.101
. noli
"il"
.' PIS
.10.1's
,100
. 7,
. I'2H
. HP j
. h2'4
IIIIK,
i'ij
KlSjJ
imu
Hl'i
il
loo
lMi
101
mi'i
Kl
irj
us
Ml
101
HO
(12 Hi
II7
10.11J
ion
P2'i
11.14
'4(110 ny St Sprlnita S 1021. JW
- .s-.r. r." V r t t Un ill . . till
111
',.At,.n.rclal niiwr. II to 0 month. Hhllndei:
phla, 3Cfl',i per cent.
Reserve Banks' Discount Rates
Daja
SO or -'in or tin or Over
(tMm, m. ia. ih).
rhlladtfrhia
lloston ,.
New York
Cleveland
ItlsbmonJ
Ailn
St. l-o"'",,.-
Minneapolis
Kansas City
enS!wncio"":
4
.... 4
... 4
.... 4
.... 4
.... 4
.... 4
.... 4
.... 4
.... 4
.... 4
.... 4
4!
a
44,
b
B
NEW YORK COTTON MARKET
NPW YOltK. Marii 5. Tfce cotton market
ooened teidy toUay. 2 point, kluh.r. The
arkt lacked feature. Twain wa. cat
laxed There wa wraa awthwn and I4r
oMrtmylnt and appartntly a little abort
eaverlnK by trader who b4 rollowd the
... a of bH tt lioueea ywtay and aold.
VM .. - ni.an Tllali I nw (On.a
.:.3T " "m Las wfTsi
... S.J7 8-8S .
B SO SSI S.!
0.QS 9.10 0.XS
B.4H 0 SO 9.43
8.
March
May ...
July, ...
Swl ...
is s.xs
!a s.74
0.03
D.S1
D.li
u.sa
s..as
Movement of Currency
NEW YORK. March 5. Banks re
clve4 (rom Interior 17,908,000 and shtpped
to Interior 5.u.CW. Incliullns- ll.OTl.000
uational bank uote sent to Washington
for redemption. Gain from iterlor wm
,S.Sr30. Hold Impoits tre Jl.900.000.
lAtu on ub4rur overt'on Proper
w W.tw.W. Thin iik a net gam of
II. 169,008.
icon k. LIMA So 4a
1(00 St J & K rfd 4h...
"om do rfd 4s ata. ......
iron Seahoard A I. adj ss.. '
7000 do rfd 4..
KSk'ft Fouth Hell Sa.; J
S.-on South Hao cv 4a. . ... Mfj
S1000 H cv rto In S 1IMI. ItTJ,
timonn South I'ac rf.l 4; '
IVM Houth Hao term Sh . . Wl
70fJ) riouth Hwy Ken "J.
7COO South Jtwv vim Ss. . . Iiy
liOOO Third Ave new 4a . . S-
-4mo Third Ave "'Jl,"3- JT
;iiO0 Tol I'eo ft V 4s... .. 47
4O0O THh & 8 '"" Si1,
incj) V S nealty Sa T4J,
ii() V 8 Steel B" 100U
snnn Union I'ac Ut 4a fn',
"coisi I'nlon Haa,,"; 4 N
KMo t'n n; a .11
1000 Wohash Ut Sa ino
.13000 Walwsli i 2.1 5a .
limltfl Writ Md 1st 4s 1S4
....,M, ICant K & M cv Sa. . . . IMl'i
ion
1224J
llli),
34
7S
II1M,
4S
III
P'l,
HID
in5;
10l
84Ji
IlSii
100
my,
lot
104'4
II
irj
S.1T4
IOS4
US
Ml
101
ik)',;
i)74
HIllJ
100
S7
0215
llt'i
K2'4
1',11'i
on
(111
(14
33!
02
ion Went E ft M cv Da. . . . ,
ODWul dhore tex la.... ST y
1000 V I won went ;ii " "'
.i .ul.. 12.R4O.O00. comnared
IX)0 yesterdays tliua tar thla week, ll.t,
aaine-period last week, fS,5S3,t)0o.
f
cm
lis'.i
mi
(14
32(4
(12
m
II74
RiW
07
81
TIM4
III.
OS'S
HI'S
KOI?
47
llll
74Ji
mot;
PS
hV,
4T
100
8S
llsH
no
H74.
80S
ompared nlih 2.S!)2,
vuu.uw;
1 llnldwln pfd.. 1)1 if, 10 V
23 Ton Mln 73-10 2(H)
10 Henna Salt... SO 2o
(I ih Valley. . . (17 lo
20 Henna 325J 23
ft Cam Iron 42!i 10
S Com Steel.... 43 100
nONDS.
KKiO Keystono Telephone 1st Sa..
iiuo l.en ,av cons -i'.-js
inoo Klec A: ceop
1000 rhlla Bloo 4i
do.
do
do....
do
do. . . .
do....
M)
41U
44i
141
44'!
Il'l
44
. PH.
. lion,
Tr 4a , 78ti
. TSS
12 M. to 12:30 P. M.
100 Union Trnc.
40 U H Sleel...
100 U S Steel...
3 Haldwln pfd.
37 Penim Salt..
.'Ill
4 Hi
as
rtll
100 Cam Steel...
100 V S Steel...
1 Henna
11 IT (I I
10 Tonopah Del.,
BONDS.
43
44
S2J
Nil's
4H
1000 Henna cons 4s 1018. .
Kill) Am Una It Klec Sa
loon Klec & .Heop Tr 4a....
sooo Henna rcta 4 lis w I.
10OO Hennr- rctH
jnoo Henmi rctB
I ',feS w 1 .
4Wa w I.
4la w t.
07?,
83f4
70
10.1JA
10.lt
10.V.I
400 V
100
100
100
lco
20
20
Inn
10
so
100
23
20
10
10
100
12:30 to 1 P. M.
441-j 10 Mo Hacttlc. ,
12
. . 444 ICO lien Asm iifd.. IV)
Hi 23 Ih Val Tr. . IS
II'
14 '4 1011 Hhlla Klcc.
41VJ
41!
::::::"4$
4i(;
44'4
44rl
L'l'i
ij -iu jen Asn diu.. tai
', 1IHI Hhllll II T i i: I IT.
J. llllll circ.
oo do
i in,
81 U
07
SS
80
OS
t
8016
47
!1
74'.4
1IH',
US
811
47
100
hSli
ItSUj
IIOU
S7I4
I Local Bid and Asked
ru 1,1 a-ln
do K'-.
Cim 3lw
JSieetrl? o
aqi prer
Kytoii Telephone. . .
So nrf.
I.ake Sup Corp-
Mhl Nalillon
,1,. e
IhJgh Valley
ffn vaiivy r
prei. .
iBasylvawa
llart
iu Co
da s pe "! BP-
CtirA.fflR::: i
Today'a Yesterday's
Bid. Akd. Did. Asked.
At
DO
42i
4Sti
i8
74
74
117 U
Ha
3S
30 27H 20
4? 42 43
4&j, im, 4
. . 2(1
m . , i4)
04 m oi
7 .. 7
gl fiti sir
as 27 2S
!."
S5
.10
30
3B
114,
HVi
ta-ia
Ton nel a-i ti-w 4
T.,1, Mill Tlk T,. 7
f'a Trac .'Kl im,
V u l IH ? MX i'
York ly m Tfi Ifi 7S
i- d prtl 0ft 83 IW4 SS
neadlmr-.. T3!H 7211-10 71 1MB 7l
JU
S Sleel.
do
do
do......
nn
H. ...
"" - - : :,,
00 -MVj 31
do 41U 20
do 41'- SO Hhlla ItT.... 1154
do 44'4 10 Hhlla It T t o 1HU
do 44(4 200 Hhlla Klec... 2I
. ..4i 2 Klec MtoniKe. 40
so do 4SH
33 do 48H
20 Am Itwis .TI
IK) I'nlon Trac... .WJ
IIONDS.
00
SS1J
41
hi..
1000 Ih Nav cons 4lks
1000 Am Oas.& Klec f
1 to 1:30 P. M.
100 Hhlla n T t o llJJ 100 I' S Steel....
SOD do IV I! Da Id u-In nf.l-
BOD l?o lilt SUIT tl I..:..., H1
173 Keystone Tel. 14'i 14 Haldwln pfd.. lit.
20 Eleo Storage. 4SJ 20 Klec Storage. 4S4
1:30 to 2 P. M.
20 Tonopah Mln. 744 S Hhlla It T t o 12
3 'Haldwln pfd.. UHK, 11 Henna .-S2H
100 IT S Steel 44K 8 do SL'ti
10 do 4141 10H I' S Steel.
10 do H'i MM Hhlla IITIi
If do 44 8 Haldwln pfd..
3 Hhlla It T t o 12 100 Cam Sleel...,
ICO I' H Sleel.... 444 .'I Ele- Storage.
20 11 Q I MJ Kill H Steel...,
lll South Haclflc. 81 100 do
10 U S Stel... 411,
2 to 2:30 P. M,
200 U S Steel,... 43 K(l North Cent..
lm
SCO
10
so
111)
ion Ci
IU)
SO do
10 Am O&a
40 U S Htal. ... 43
10 do 43
10 do 43
10 Am Itwy pfd. ICO
HONP3.
ltco Cona Traxi K J B
3000 BJec 'Heop Tr U
do
do
do
do..
Ca-fi0'si'
ITS st
Steel.
Steal.
43
43
43
4S
43
43
.43
44I
44?
S3
43
83
'?
;v.,".iib,
100 I' S Slml
H) North Cent.
3S IT O I
, n. ... ... -1
lo.a in,, ...... . Mt,
2!) u a 1 81&J
12 North Cent... .ss
10() TonoiJih Del.. 41',
ti i' a t MJ
10 Henna ...S3 1S-10
SO Henna fait... 8n
10 rto..' 80 -
45 Tonopah Bel., 4!;
.ion;
785
2:30 to 3 P. M,
10 le Am 2
10 Tan Hal.... 4
4 i; Tel Did . a
4 ft.16 3 Penna. Salt... Ml
10 Too Itln 73-111 2 do so
100 O 8 Steel.... 45 30 Tonopah Bel.. 414
ifo Toooiah Bel.. t SO HeaOlng- . .7J s-ld
lo fauna -.o i-io qtt ine io . ... i
10 do S
10 Toaopah Bl . 4g
IPO do. ........
200 V 8 Steel, . . . 4S
H 4o 4
joo da
20 do 48
20 do ,- 43
100 Phlla B T t 11H
BQND3.
)7&Cam iHeel scrip 14)16....
1QQ0 WeSlWl) Co!,
sooo ciCyirtwi
lOoo ab &t 4 Me it
aoou Phlla Bl 4a
CiKOCKy 4 H1 reg
10ft V S S4eel.... 45ft
100 Phlla Wet.... 2444
376 lna Co ft A... 2111
SO Phlla R'tle IlS
IW) Am Copper... 34
17 nm Asppm., o
Actual Trade Coi'.ditions Show Little
Change, However.
AlthMtgh actual business conditions in
riillnilelphln nro reported 10 bo llttlo
cliniincil this week, tlio outloolt. Is much
brihtcr. in tome lines oC trade slight
Improvement Is noted, but the betterment
is not general.
In their weekly review of business con-
tlous III tills city Jt. G. Dun & Co. Hay:
Conditions in tho locnl cotton market
are irregular nnd unsettled, buyliiR is of
n desultory nature mid prices lack llrm
ness. Whatever sales nrc made In tlio
cottun yarn lino nro principally with those
enKUBed in the manufacture of military
Roods. Most dealers are still optimistic
nnd uro loolcltiK for improved conditions.
The iron and steol market presents no
special features, and developments dur
ing tho last week have been unimpor
tant. Ttnllroad buying continues in a
moderate way, but the shlpbulldlnK In
dustry Is well employed and furnishes
considerable tonnase to manufacturers of
finished material. Good contracts are
reported in hand by shipbuilding plants.
There appears to bp a difference of
opinion expressed with recard to condi
tions now existing In tho hardwaro trade.
In some quarters those consulted report
n fairly Rood amount of business having
been transacted during the Inst ivck, ns
compared with 1914, while others report
a falling off In trade.
Conditions in the building nnd contract
ing lines show somo Improvement nnd a
fair amount of new work is being esti
mated on. Competition is keen and fig
ures at which work Is being taken In
dicate n small mnrgln or pront. The new
vork stnrted the past week, while
nmountlng to less than the preceding
week, which wns somewhat increased
by several dwelling operations, wns a
declled Increase over the Inst week of
February, 19H.
Wholesalers and Jobbers lit groceries
report conditions below normal, buying
being very conservative and of a hantl-to-mout'n
order. Collections are also re
ported slow. Retailers report conditions
quiet.
CONFIDENCE IN LONDON
War Loan Harder; American Shares
Inclined to Sag.
LONDON. March B.-Conlldence in securities
hoivad no ahatement on the Stock Kichange
.h.. Tmdlnir. lianeier. was of the custom-
art- week-end character. The war loan, was
(RAIN AND FLOUR
Wlli:.iT.- tterelpls, 4P.01B bushels The
market opened 3r. lower under hearlsh aiieciila
tlon In the Wrsi, liul with subsequent stronaer
outside itihliea 1c of the los was since re
ctvered. Quotation car lots, In ctport elevt-tor-No.
2 red, niot and March. it.40M.t.1;
No. 2 red Western. fl.4i11rl.SU; No. 1 Northern
Dulntli. t.4fll S3.
MHINV Itecelpts, r.7.2S7 uuliels, Demand
"as light nnd prices were He. tower. Quota
tions: Car jots. In export elevator -No. 2.
spot nnd March. 133770.; steamer, 73H7Sc ;
No. a, 73M?T4c. ','ar lots ror locnl trade, ns
to location No. 2 llow, i,4lftWc, ; atenmer
jellow, 7o77r,; No. 3 vellow. "Ife'Sc: No, 1
jelinw, 7Hi74c- aamtilo yellow. nSfTJ2c; new
cob, ief 70 lbs , 7"177c.
OATH Ilecflpts, t7P,nrlS busheK Trade
was quiet, with prices unchanued. Quotations:
No. 2 white. fllfHISr.: slondnrd white, OOflOtr.;
No. :i white. SOflCOe. .. ..
IIVi: dull nnd lower We nuoto n t , 1 . 1 4 (Tf
1.10 per bush, as to quality. In export elevator,
and m 11. 10111.13 ror small Ion of nearby
grain In baas.
ri.lltUt Itecelpts, SSS libla ami 807,300
lbs. In sacks. Trmln na slow nnd the mar
ket was wenk and lower. We quote per Jim
lbs In moo,I Winter clear. JJ0.tB4i; do.,
Uralaht, n40ft0.iv.1i do., patent. (l.nSfn.W);
Kansas, stralKht. Jute sacks. JiMOflllfiO; do.,
patent. Jule sacka, J(iriO50 7S: spring. Ilrst
elenr, $il.2".iri; SO; do, sirnlaht, $n Soflil ifl: 1o.
paicnt, JHI.7SB7; do,, favotllo brands, i.2i'tj
7.7.1: clly mills, cliolco and fancy patent, 7.23
(??7.73; clij mills, ngiiliir crades-lv Inter,
clear, SO Llflit lo; do. etralglit. fd Hvnn.os;
do . pnt"P'. M.'lSifTit.H)
HVI! ri.Ot'lt. Wnn In modern te, but
nmplo supply and weaker. We quote nenrby
and Western In wood nt $(.2Sjll.7S, ns to
quality.
PROVISIONS
Trade wns quiet, but values were steadily
licld. Quotations: CHy beef. In nets, smoked
and nlr-drled, IMfrSiic.; Western beef, In
sets, smoked, 2C!2. ; city beef, kimckle;
and lenders, amokcd and nlr-drled, 3,'fr
28;.; Western beef, knuckles nnd tenders,
smoked. 271i2c ; teef hams. $31fl32; pork,
rntnllv, $23it23 SO; hams, S. P. cured, loose,
i:'t',5flflii,c. : do.. Hklnned. looso, lS'iBWc.i
do., do, smoked. 13tyt4c: other hams,
moked, clly cured, ns to brand nnd avernsw,
UdU'ic; do.. Western cured. HtfHVbe.; do.,
boiled, boneless. 21W2lc.i picnic shoulders, S.
H. cured, loose. HlMllc.: do,, smoked. 111,
12c: bellies In pickle, nccordlnfr to aerngi.
loose, I'lvliPie.: breakfast bacon. n tn.t'rnnd
nnd nveniK". city cured, 17518c; do.. W,el"n
cured. Klelse.: lard. Western. refliiiMJ, tlte.
11,ltlic : do., do., tuba, lllirllte.i,,oP,.i
pure elty, kettlo rendered, In tierces HUM
ll'.jO ; do., pure city, kettlo rendered In tubs,
ll'iVil'ic
REFINED SUGARS
The ninrlict nna quiet but steady. Uennera'
list prliea: Hmndard granulated. B.Mlc.: nno
cranulated, 3.73c. , powdered, S.sSe., fontec
tinners' A, ri.CISc.; soft srades. 4.Pi)1IS.S0c.
DAIRY PRODUCTS
nt'TTKIt. -The mnrltet decllnea lc. under
a lliht itetnnnil nnd Increased pressure, to sell.
Quotations: Western. fresh. solid-packed
creumery. fnncv. eperlnls. 33c; extra, .lie. ; ex
tra llrsls. ;U)i..; Ilrsts, 27i2:ic; seconds. -4rf
2ic: ladle-packed, HKI'.'U'., as to ipmllty,
nearby prints, fnncv. 31c; do., nvernge. extra,
.';.; do, llrsls. 30f'l2e.i do., seconds, 2MI2iC;
spclal lirnnila o' prints Jobbing at 30S74lc.
I'.tJOS. Deninml wns fairly active and the
market tilled steadv nt tho Into decline. Quotations-
In free cases, nearby extra. 22c. per
do.; nearby flrits. fit. IS per standard case:
ticnrby. runcnt receipt". $0 per case; Western,
oitrn llrat. fn.13 per case; do., llrsls, fo per
nse: Southern. f3.7nfifl per case: fancy se
lected candled fresh crnts were Jobbed out at
2W'2d per dor.
ClinilSK sold sleivly, but ruled steady un
der mciieiaio nnennits. uuoiaiinri; .""
' York, full cream, full make, choice. l.WliMic. :
; do., do., fulr to kooiI. limirilPic: do., cur
1 rent moke. liPjfllilc.: do., nnrt skims. S313C
POULTRY
I.IVH. Choice stock Bold fairly nnd ruled
firm, with supplies well under contiol. rpivl.i
were higher. Quotations: Fowls. liWtM'.;
eld roosters. li,W12e.; chickens, soft menteri,
llil7c: do.. slnCB.v, HWlSc; turkeva. 1IM
17c: ducks. l.VnlCic,: kccfp. 1217111c; Biilncas.
n to quality, per pair. SOH'Oe.: nlueons. old,
per nail. 225I2SC : do., vounn. per pair.
illtiissKH. The mnrket ruled steady, with
demand equal to the limited offerings pf
line dealrnble-slzed stock. Quntatlona: Iresh
killed fowls. 12 to box. dry-picked and
dry-packed, selected, heavy. Ilc.s welahlng 4W
n lbs. aplcco. fc; do., It's lbs. anlece, li
17,c: do., 3 lbs. apiece. ISfjlZlHc; do., under
3 lbs. nplece. lUflSc Howls, hbls., dry-picked
nnn drv-p.iclted, Western. 41S lbs. apiece,
171 c; do., do. .T'j lbs. IWrHMic: do., do.,
:i iTih nnd under. llfISc. Old roosters, dry-pl-kert,
14c HrollInK chickens, nearby. U' 2
hs. apiece. aaiflWIc : do., fnlr to 'Rood. 19W20C.:
Western. l'.J2 lbs. nplece, 2tVfT22c: do., fair
lo Koud, ll'Hl'Sr. Chbkens. dry-picked nnd
drv.pncked. In boxes, milk-red. at to 3(1 lbs. to
clo'x ISc. : do.. 37 to 12 lbs. lo do.. 1Sc; do.,
IS to 4" lbs. lo dor... ISc; do . 4S lbs. to doz.,
20c ; do., (10 Ha. and over. 21c; corn-fed, .11
lo 4! 1h. lo do., inc.; do., '3 in 4t lb, lis
do., lie ; do., 41 lbs to do, 18c: do., CO
lb, and oxer. 20. thickens, dry-plckeil and
dry-pneked. In bhls . selected, heavy, lBc. ;
Western, corn-fed, r. lbs nnd over, 18c.; do,,
do., 4 11 liffll'it : do., do., 3'4 lbs.. 16'AC;
dc... do., 2'4jflfi Ihs 14l.v. turkeys, dry
plelted and dry-pcked Fanr y. nesrby, Slc.i
do., Western, 21c. fair to (rood, lsgioo.; old
torn. J0B2OO. Ducks, fancy, In boxes, l7
ise i do., ordinary to roo,i, 12f)ne. (leesa,
nearby, 1l(Uc ! do... Western, lOfljie. Squabi;
tier dor.., white. nelRl.lne it to 124bs, tier dog.,
ft CKitiri.iaV white, nelRhtnir I) to 10 lbs. pr
iloz., II4,S0; do., do.. S lba. per dox., f3.40
3.r,0: do . do., 7 lbs. per do., f 2S0$3; do., do
uflll'j lbs. ier doz., f292.23i dark and, N6. 4
.lOc.fffl 25.
FRESH FRUITS
There was a fair Inquiry for choice stock nt
most descriptions nnd value generally ruled
steady under modernte offerings. Quotations'
AVJ-- Nw yor. P" hbl.-York Imperial.
!?l3L0rln 22.7S! King, f2ff2.7a! Spy
i .7sfe2.r,0: tialdwln. fl.7Sr2.s6; lien baviJ;
fl.SOtli: other gnoil eating varieties. fl.7SB2.U!
?i"'J.".ml..lf','r?'' apples, Weatern, per box.
7i.tTt.S.i, npplcs, Dclawara nnd rennsylva
nla. per hamper, Soft floe, ; lemons, per tiox, 2
2 iS; oranges, Florida, per box, f2sr3i un
fruit. Florida, per liox, ilfri.TB. Hln'enppfeg,
per crnte-l'ortn Itlco, $4.S0WS Florida, 34.
VEGETAnLES
Thn general market was dull and weak to
sol!, under fairly llboral offerings. Quotations.
White, polotoes, per bush. Hennsylvanla. bict
$1.$.:. Maine. JBffBOe.i Now York, as to qualify,
40fv4.ic.; tweet potatoes. Dolaware, per hamper
large, I.3jTI.S0; modlum, OOafsc.i sweet
piitatoos. rajsttrn shore, per hbl.-No. 1, fSO
2.1S: No 2. fl.S01.7S: tweets, Jersey, per
bbl.-No. 1, f.1.2swi.30: No. 2, 2ft2.DOi aweota.
Jersey. Per basket, 7Sc.fl: onions, per bush.,
BilaSSc : do., choice, per lOO-lb, bag, fli do.!
medium, uer loo-lb. bag. 7Se.i do" mconK
!,or y,;1,1!'., bag, (loci cabbage, Danlth. per
ton. fHinil. cauliflower, New York, per crate,
fliiTl.iS; spinach, Norfolk, per bbl., f2SZ29,
kale. Norfolk, per bbl.. flffl.231 lettuce Texas,
per bush, basket, fl.5o2 do., Florida, per
basket, ftiff.'l:. beans. Florida, per basket. X3d
4.2S: pens. Florida, per basket. f2.60flS: egg
plant, Florida, per box, 2S3.S0: cucumbers.
Florida, per basket. fS.sows: sauash, Florida,
per raeket. f2.Vnfi1; peBoera. Florida, o-r car
rier. 23.co; beets, Florida, oer 100 bunches.
fM10: tomatoes. Florida, per carrier fancy,
f2.BOaO: choice, fl2; ceierv, Florida, per
crate, fl.2.HI2; do.. New York, per bunch,
a.vorsOo, ; mushrooms, per 4-Ib. basket, 00c. 0
DIG GERAIAN LOAN
Chicago Bankers Will Plnco ?300,
000,000 5 Per Cent. Bonds.
HIIICAOO, March 3. Announcement waa
made today by IVoIlonborgcr A Co. that they
will receive suba:rlptlona until Mnrch 111 at
PSVj for a now German 5 per cent, loan of
1,200.000 000 marks. Wolltnberger Company
circular calls nttentlon to the Berlin marktt
price of par for previous loan originally Is.
sucl at P744.
The circular pays that payment of fll.fid
per each 10U0 marks subscribed for must ac
compiny application. Interim certificates Is
sued by them will bo delivered and remain
outstanding until ponalhje to deliver actual
bnnda.
N. Z. Graves Co. Reorganization
The creditors of tho N. Z. Graves Company,,
paint manufacturers, whoso failure occurred
In Slay, 1013, ore organizing a new corpora
tion to tnke over tlio assets of the company,
and continue the business, which has been
carried on over since the failure. The new
concern will bo callod the N. Z, Graves
I'oriHiratlon, and application ror a charter will
be made on March 29.
The Incorporators are William A. Law, vice
president of tho First National Dank; William
T. Elliott, president of tho Central National
Hank: ami Paul Clayton, of llrown & Clayton,
commercial paper brokers. All three arc mem
bers of tho Crodltora' Hrotctlve Committee.
To Start New Sugar Refinery
SAVANNAH. Ga.. March S. M. R. Soeli.
man, Haltlmore; Jumps Imbrle. J. F, Wallace
und Albert L. Kramer, of Now York, and
ltobert M. Hitch, Savannah, have filed nppllca
tion for chnrtcr of a f3,00o,O0O corporation ta
establish at Bavnnnan tne seconn largest sug
refinery In America. A flOO.OOO mlnlm
amouiv" of capital has already been paid I'a
'
BAR SILVER ,
NKW YOltK, JIarch 3. The price ot cr
merclal bar silver today was 4D',i cents, ... "m
Mexican dollars nt 37'4 cents.
REAL ESTATE NEWS
harder on the belief that the exrecte.1 ex
chequer bond notation would be bought eagerly
iy banks, and not reoffvrvd in competition with
glAmericansUwero Inclined to sag. excent Har
rlman'". Hupiort was given to Canadian Ha
...... The tlnanclul scheme for the segregation
i-iiic. The nnuiii-mi . c,,.c ,u, i, vft.,i,..
of the coimiany'H aleanuhlra was awaited with
Interest, ino "lwt''yl,B " " . ..a
tronV although prlcis were Irregular on
7,roiit taking. Itussiana were Dougnt.
-
AmJlgainated Copper
Atchison
Canadian raclBo
fhesapeake ei Ohio
Chicago Great Waatern...
C' cajo M & St Haul....
Denier Hlo Grande. ..
l-.rle
Mjoourl WanaaV ' Texas
New York fential...... ...
Norfolk & Western
f3,w York Ont & Wt. .
Henmylvanla
Itsarflll
Southern Paclflo
Union Faolfla
Iiwreae. -Decrease.
.onuon n.i,
close, eqidl,
. R3U Ml, --
, PS IM4! -
.1IW 13711 -ri
. 4li 404, - ',
.11 104 a,
. 81) R.HJ a
: 2,-s
. 3.1 :n -
ion io(! 3
. 2(1 2ft - U
S4V4 1I14B -
lfi -
OT4 h;m - '
t (
Province of Quebec Loan
MONTREAL, JIarch 5. The Quebac
Legislature has passed a, bill providing;
IS 000,000 for good roads in the province.
The Legislature also patw a bill pro
vldlns for a JIO.OOO.OOO temporary loan.'
AUCTION SALE3
THOMAS D. LOVATT & SONS
AUOTIONEBBS. 320 SOUTH aifHWU ST.
WEST END MONEY LOAN OFFICE
&. E. tor 17th & MARKET &TS.
Sella CLTITHINO. MIST. 'iQMHft SHOES
DIAMONDS. WAWHES. JEWBtBY.
MONDAY, MiKCU 8. A. W.
Flefgt Qv$r 4 axt micilJn wdi tJ4.
TIoBn. from a renl estate stnnilpolnt,
lias had Us tips nntl downs In the Inst six
or seven yenrs, nnd there Is a good ileal
KOlntr on now nnd there will be more when
the spriiiK comes.
Tho removal of tlte Home for Orphans
of Odd Fellows of Pennsylvania from Its
large property on the west side of 20th
street, cxtendlnR from Ontario Btreet to
Bstnugh street, has offered nn opportu
nity for the improvement ot tho property.
Two-story dwellings, with porch fronts
and terraces, will bo built on the grounds.
It hns also been definitely settled that
the city of Philadelphia will take for ft
public park tlio tract of land nt the north
east corner ot 20th nnd Ontario streets.
....n.,.. in thn Phllailelnhla. Gcrninn-
town and Norristown Railroad nnd Includ
ing tho piopertics nt IKI-lll-ai uniano
.. a ntiM r 7ri firni ulii Biiutii.
On these properties tho city and the Keati
ng Rullwny i-ompiiny " '":"" ""
..." -. i. ..luincro of nrmle In the
proceedings to remove grade crosslnss.
Tlio grade on Ontario street -was very
severe and properties wero left -H) feet
above the old grade, tin Nth street It
was nbout n no reel ut me cuwir. m ..,
out nt about 3123 North !lh streetP.'
Hearings will bo held before the Board
of Viewers and owners will present testi
mony to prove what their holdings are
worth. It would seem us if an additional
hardship had been placed upon them by
lm double proceedings, Ilrst for the dam
age by reason of the change of grade In
Mil. nnd now for the entire tnltlng of
WTlte ""section of suburban Tioga, from
Allegheny nvenue to Tioga street, and
from I8t.li street to 21st street, before the
abolition of grade crossings, ivus ono of
Uio most attractive of Philadelphia's su-
blfmSvestnvorel8nd street, wltli free use
of cement, nearly nil tho dwellings np
near with terraces and steps. At the two
corners of I'ber sticet the stores have
been adjusted, yet there is no ru.lt of
tenants. GraU street and I'ber street.
from Westmoreland street to Ontario
street have been altered even where the
street dropped six feet. In these streets,
where the rent wns formerly JtS to Jt! per
month, the range toffny is from 13 to h.
Were It not for the fact that many prop
erties are occupied by owners, rents
would certainly go lower. A complete re
covery does not seem possible.
Tho consensus of opinion of real estate
men and of owneVs of property living on
the ground seems to be that rents are
pot coming back to old figures very fast.
The trouble Is that after a change of
grade like the conditions lu Tioga rows
of houses built to conform are left up and
down. Some owners do not think thai
adjustments can be made. The properties
nrc ruined far ns the owners are con
cerned. They take the award, largo or
small, and move nwav, leaving what Js
left in the hands of nn ngent with direc
tion to sell, If possible.
Tho claim of the city and the railroad
that they cannot make tho owners of
property spend tho award in malting the
adjustments, nnd therefore they nro not
responsible for unsottled conditions. Is
only true In part.
A grnde like tho ono Tioga has had to
adjust Itself In Is too severe to come sud
denly and without warning. Many cases
have been appealed, and a great many
cases of Individual hardship could ba
cited. One of these Is that of a man own
ing i house In a row near the grade, but
not actually abutting upon It, who had
to lower his rent or lose his tenant, and
who npparently, under the law as It now
stands, Iiob little standing In court. How
ever, In the past few months. Judges and
Juries have shown an attitude more fa
vorable to such claims where losses are
proved and traced to the nearby grade.
LESSOR.
The Channel
The channel that a security
follows from its source to the
investor is frequently tor
tuous, sometimes treacher
ous, seldom direct.
Like a vessel, the security
passes through various locks,
each lock adding something
to the cost, but nothing to the
v1 e of the cargo.
Tach lock takes a toll and
that toll is paid by the con
sumer of the cargo the in
vestor. None of the toll goes into
the value of the security. It
is just TOLL.
The relation between value
and price in a security is
governed largely by the
length of the channel ft trav
erses, from the Source to the
Investor,
Our offerings are direct
from Source to Investor.
There is no toll,
Get our booklet.
The White Investing Company
WALTER WHETSTONE
Philadelphia Manager
Morris Building, Philadelphia
Sound Investments
CL Safety should he the.
paramount consideration I'l
in a k I u K an Investment.
Yield, however, shoitjd not
be lost sight of.
Roth of these factss are
the basis of our "souTiU in
vestments." Correspondence or call
Invited.
Frazier & Co
BANKERS
132 South ISth Street
..titiAI. AOVISIITISISMBNTS
j3B INTlIKCOCnTOFCOilllONrtBAS
No. 1, of Philadelphia County.
December Term, 19U. No. 488$,
Notice le bereb) given that an application
will be made to the above fuurt oo Monaav.
March Ti. 1D1S. at 10 o'clock a m , wider the
act of Abrll 2t). 1S74, and the supplement
thereto, fur a charter of an in ended ,-4irpo
ration to be called JU'Tl'AL BENEFICIAL
AND HHOTBCT1VB ASSOCIATION OF THt
B1IPLOY88 OP THE BUREAU OK 1VATKH.
DBPAnTJIBNT OF FUIir.lc WORKS," th
character anil object of hli-h i; To Improve
the emleacy of the norklns force of lit
11 urea u of Water, to develop the intellectual
and (octal cotnpaalonihlp or its member, to
promote ihilr welfare generous. n4 to
areata a. tusd for the payment of certain
benefit n eaM of lcJuj, lujury or dtata
of walui. and far tu purpose to ha.
ujhJ po and enjoy U the rijshU, ImMto
and privileges of the wU tut of aMtnUr
and It eupptemeut
Tfea prPQd Charter U uvi on DU lit x$
Oliue of the J'rolhououry
HEIWKRT I !.
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