EYEIKO LED(l3B-miAPEIiPHIA MONDAY, MARCH fl, lfllS
SHARP UPTURN IN STOCKS-VIOLENT RISE IN WHEATDEMAND FOR BALDWIN SHAR
STOCKS STRONG ON
HEAVY BUYING
Covering of Shorts Also Re
sponsible for Advances
Throughout List.
NEW TOniC, March 8.-Encourni?ed by
rport of better trade conditions In vari
ous eectlons of the country, traders put
out demands for stocks today and the
market bccamd strong. There wns also
some buying noted from Investors. The
mibply did not appear to be largo and quo
tations roso easily on any bidding. Open
ing prices were, for the most part, above
the final on Saturday, and as the day
advanced further Increases were made.
Around midday prices were up about a
point all around, and .In somo cases more.
The strength of the market became more
pronounced after the noon hour. Thero
were heavy buying orders from both trad
ers and Investors and prices rose steadily
to new high levels. A very largo short
Interest was caught on the advance and
this' Interest tried vainly to cover, result
ing In higher prices all around.
Throughout the morning session Rend
ing and Steel common were the lenders,
and this was also the case In the after
noon, ntded by tho railroad stocks. Ad
vances of a point nnd a half throughout
tho list were common, while In several
cases stocks rose iS. abovo their final of
Saturday. A few minutes beforo the
close tho market declined fractionally
from the high, but losses wero not great.
Traders regarded tho strength as duo
to tho recurrence of rumors of peace In
Europo In the near futuro and to the
decision of tho Supreme Court In tho
2 cents per mite passenger rate case over
the Norfolk nnd Western in West Vir
ginia, the Supremo Court doclarlhg that
rate Is too low. Norfolk nnd Western
stock responded to the decision by rlstng
a. point.
Sentiment was much Improved through
out tho Street by tho reports of better
trade conditions. These Included a report
from Pittsburgh that for the first time in
nearly two years every department of tho
Carnegto Steel Company Is now active,
about 4000 men have been put back to
New York Stock Sales -
Last doss. Hlch. tow. Ctesj.
IssVsOoM Mines.... 20H 30! 3) SOU
Amsl Conner.. MH mi &H MX
AmAg Chem... 49Ji (0 CO 60
'-"iiiw, ....... 40 AH ao! ""!
Am ti Sugar pref 81 8S' fefl'i B&'i
AmCin... 27K '.Ms 2751 2S
AtnCanpref I)4t, r8 , P6 n5j
AmCotlonOII 48,U 47 40M 4AM
AmerCnrAFdr 42H 4lM 42! I 42H
AmerCtrAFdy pref.. 112 112U 112 112W
f.7
27
28H
21
7fiH
MM
r5
27
27H
2014
7fi
raw
pf
28!
2H(
21
7(5
09
101
HI
1)5
CO
mi
107
BOM
108 10
SOW 7C.it
05! VtiH
00 00
101 101
30J 31
05 05
OSJf 0S
mi (wh
105 107
mi km
work yesterday, Inst night nnd this morn
Inn;. All of tho four open hearth depart
ments were fired yesterday, and tho plate
mills were started last night. A dispatch
from Omaha stated that 10.000 new men
arc to bo Immediately employed by tho
Western roads as section hands on the
repair gangs nnd on construction work to
rcplaco the men laid off last fall.
Now Haven reached 02 for an ndvanco
of 2 points. Tho rise was based on the
bettor earnings In January and favorable
comment on tho position of the system.
Tho January net earnings showed an In
crease, of $600,703, while tho net for seven
months Increased $103,994. While thero
was n deficit of $305,692 for January, it
was $553,436 smaller than tho same month
last year. There was a surplus for the
seven months of $197,792. There appeared
to be a largo short Interest In tho stock.
There were a few transactions "sellers
K) flat" In bonds, but such snlea seemed
to be falling off. The foreign exchange
market was steady.
New York Bond Sales
. . . HIeh. Low. Close.
hw Aauni Express 4s 71
nciOO Albany & Sua 3h. . 8JH
7000 Alaska Gola Us w t. .110
3000 Amer Ice deb tls S(l
,1000 Amer Smelt Sec 0s. .1MV
11000 Amor Sugar 4b 1031.. DOW
8WK) Amer Til clt 4s 88$
12O0O A mr Td cvt 4Ax 110
1IHK) Amer "Writ l'ap Ss. . . (12(5
4000 Armour Co 4US m
T00O Atchison adj 4s Kl(J
21000 Atchison cv 4s 113.. 2Vi
SOOO Atchison cv 4s 1000. . . Oil
SOUO Atch Trans 8 I, 4s 87
1BOO Halt A Ohio 3Us I)li
12000 Halt & Ohio 4s7 KSW
42.KW Bait & Oh CV -Uis 83V
MUM Bait & O Swn SHs... SI
0000 Beth Steel rM Ss.... 81
,SKR S1"? ""J51,?.1" 8s.-O02 100t loo
1CO0O Cal Oas Elec Ss. . . i2 02!i irji?
1000 Canada. Smith R. . 1m im iv,
owy i.eni .earner 1st oa.. irjw
7000O Cent Pao 1st 4s 87(1
2000 Cent n R, X J Ss 114W
20OU Ches & Oh cv 4Hs 7:141
1000 Chic Alton .1Kb 40
nooo chic at west 4s -014
0000 chl &. Nn con 5s 100
401)00 Chl D & Q Joint 4s 00
2C0O0 do (ten 4s m
10HO Chl II & Q Den 4s 0RS
1000 Chl Oas & coke Ss 102
SOOO Chl M Hl St P 4s MH4
72000 do cv Hs w 1 1011
1000 do fd 4M PRli
700O do dlv 4 SS',i 88 RS
4000 do cp Ss, ion 103 iai
OOOO do cv 4Mb DH ix; ml.
71
84 i
lll
80
104 ;
01
SI
Uli
l!k
87
ssjl
84J
87K
0B
71
84 H
1111
80
10i
POM.
S7f,
WJs
01J
8:Ui
01
0(1
87
!,
SAi
mt 10M 10)4
SOJ 20H 2M
bbii S7H H8!
23! 23 23tf
40 45 40
25W 24U 24
118X UMi 118
10! OK 10!
00 08 083
42 42 42
145 145 145
7 7 7
8K Mi 8K
22W 22K 22"
30 30H 35H
20 20 iO
21 24 24
180 180 180
5 IK
04
13K
cor
8J
.17
20W
22ii
100
fiSW
57
13
52)i
84!i
51
04
13
60
Mi
37
snf
22U
100
07,'f
26,'i
111
I OH
10H
27
15.
40
21)
12
50(f
121
10H
MM
57
13
fi'JJi
83H
25)s
r,lii
94
13
SUM
SH
37
20'
22'i
100
118H
2SH
CO
2M(
115
07J
II
27
MM
43
20
12
50M
121
10M
54M
57
13
525
83J
IBM
IW
40
701,4
101)
!).,
DO
10-J
SO'
101
8
1X1
1V1S'
DD'.a
114H
TO'.i
100
0(1
tlO'i
1
looii iooj iooy,
RHU KHlT ..ti
lt I ft P col 4s.... 23U 231J 1311
V SI & O deb Ss.lOlW lnlU 101 1;
& South 1st 4s 87U 874 87H
i Gas cv Os w 1...113U 112 113H-
HArlan.. Tmi Km ttlt nutC ,vn(f
uu v., i. .
do cv 4t4s.
1000 do sen 4Ui
18000 Chic Mil & P S 4s.
3P00O Chl R I ft I' col 4s.
jum c Bt J
SOOO Col &
7PO0O Cons i
nOOO Cumberland Tel na. . . . 0(1 1;
0O0O Del & Hud 4a 1010
8000- Ren & Bio Or rfd Ss. . 47
2000 Detroit United 4H". ... 72
0000 DIs Secur Corp Ss 40
nooo Dupont Powder 44. 'H
100O Krie gen 4 07
iroo do conv 4s ser B H4;
400O do prior 4s 8014
1000 Flint T M 6s 00
StOOO neneral Motor 6s MM
4000 Gn Eleo 8 103
20O00 Hud Man In Ss ST
7non Hud Man rM Sa 7.1
OOOO Iowa Central ref 4s, S3
7000 III Central rfd 4a.... 8014
i Inm con cv as, 102U 102V4
HSOOO Interb Met 44s 7(IH TSU
1000 interb II T ref Ss. . . 08 07t
0(Hi
411
72
411
7H
(1H1
!$
no
88
103
20T4
7S
.11
Kill!
ina7
07
it'll?
73"
80
01
iH
no;
101H
Bl4
oi)H
ss
88
40
40
01
onts
niu
inoii vuiK
08U 0814
mil! ,i,ftr
1(31
03U
Kltt
noii
loiW
i
10OO Ind Alcohol Ss 1IUU
loonn Jap new der Sta 44s 73
4000 Jipaneis 1st 4M 80
20" O Lacka steel Ea 1023. 01
400O I.k Bh deli 4a 1028,., POM
13000 Lk Bh deb 4s 1031.. , 00 ii
100O lh Val of N T 4is,101H
.2000 uc m t Ss looij
88S0O Lerlllard Ss 100
18000 Minn a Qt I. 4i. ...... B7V5
H00O Mo Kan & T Ss..,:.. 88
O0O Ma Pao 4s , SOU
UOflO Mo Pao cv Ss 40';
3TC0 Mo Po col Ss 101T... 0
11060 Mo Pao Sa 1020 fi"U
2000 Mo Pe cona 6a 100
6000 Mont Power Ss...,,,, 01U
loon Morris Essex 7s. .... .lfHMi
SOOO Kat Tube Bs .. 08U
102000 N Y C Hud 6a w L10t2
TOGO N Y CUv 4s 1038..' OKU
4000 N Y City 4s 1030 03
1000 K Y City 4t4s 10(10. ..10O
00aN Y City 4V4s 1001... 00i
4000 K Y City 44a Nov 'ST.IOJU
2000 N Y Gas If & P 4s. ,, MH 83i(
iiuv r( 1 . 11 a 11 ct stta, (u ill;
l'W JV X UH C W ISl 4S,, HI Ml
SOOO K Y Bwy ref 4s 7H, 71
4f. N Y nwy adj Sa..... M MtZ
4000 N Y Tk Ken 4a .... IW jMJ
Wt N Y W C & H 4H. . . 70 noli
fSSW Norf & West U. .' OIK U1K
KOOfi Norf AVsst cvt 4Hs .102l5 102
6ti30O Nor Pao prior 4a. . . li 01
l'.tuKl Nor Pac (en 3a (il 03
Asi iiro pnori 1, rer 4s ...iun 303
lflono Or ay a N con 4s son 8.11,
ISMXi Ore cal Rs pin inn
4O00 PaclOo Tel Sa 7K 074
4000 Penna cv 3Vi 100 100
li pnn 4IJs 10014 looti
eioon pnna ct 4Vii 10.IS imij
SOOO Raadliur Ren 4s 02U 2U
1000 Rspub Cuba Bs 1004.. (t fttt
SOOO Rep Ir & S Sa OAK OHl
IMXaiO Rock Island rfd 4a. . AT Ortfl
afOCO Ruok Island Sa .. . STtt W
MOO St I. I M & Ro 4a . . . T fifl
M Ht I, I SI fc 8 Sa . 04, OSH
1000 St L & S F rtd ( . ffl 09
4 OKI Seaboard A I. adj K m m
tnv K.a-.Tar1 A I. Sta 4s . HI 81
RWft South Pas cv 4a ... 88 81 Y,
SflMio do cv ret f p is l4 0Wi4 ttJK
xnann South Pae rfd 4. . 83 Slli
J1W y.uth Pao Tein 3a.. 8A14
4S IWVtl
now
0!H
Ti
40
87U
07
14 4
8f
no
854
10.1
27
78
33
8(!.l
OOTi
10-Jli
7S'v
07
iin(i
75
80
01
OOW
00',
iOHi
1001,
100
514
RS
40U
40Ti
ni
MI'S
100
U Hi
tl Soath H en
J1
fiHlth Rwy con &a
TS O cv n
101
100
ft!4
14W
S3H
(C
81
T1U
S3U
04
70W
0114
102
0,a1
108
8i4
100
on,
100
loou
03JZ
AfM
37i;
7
SS
9
s
HEII
amwrblrd Ava new
4(Mtt Tlilril Ave sJl fi
1K Tal Po tv
lfifi 1 ft ittwlty .is .
liA t) B Rubtirr 8 . .
a I. 8 Steal Sa . . .
iH P Start rt Sa.
eot rtoa Pi 1st 4-f-f.jfl.1
rates ! cv la. .
1W tVabss is
I'-w.. tvtjriu, tt 3
(jvi Wi.b Eou ct si 4
;;. 01 Wui Vd 1st 4a
M WM r M 1 3s M !
1. !Ci "' .T.00O. turepaiuJ with J
(a 4lLrOi.
184 182 182
118 118 118
20 25M 20
151H 15DS 151,
10 10 10
17H 17,' 17
UOH 145 145,
83 85 85
20T, 20Jf 20!f
77f 77 77J1-
H H H
Vi U( Ui
Wi 13 Vtii
34i 34 34 i
20 20 20
trH k4li c5
10M 15i 10
51i 403, 51 if
45H 45! 45N
47Ji 47 47M
03f 03 03i
27?i 27f 27?,'
135, 13 135,
SIM 49)f HUH
OOii COVJ C0J
5! 5 5g
10
721,
10
72M
10
72X
:o.'4' con mn
103H 103i 103,
40 14JJ 45!,
105f 104Jg 104)1
43 42H 43
53W 52Jf 53),
82),
b8
20
035i
asjj
118
07
82M
bS
21
03J
nil
118
S2H
8S
20H
(33)i
no
118
It 0)
100U
corre-
BANK CLEARINGS
Bank clearlnca today compare with
spending aay iati iwo years:
1013. 1014. 1013.
Phlla 10.U:9.723 J10.S47.310 SSl.073.n71
Uoiton 17.104.330 17,0)14,232 U.367.DK3
Now York ..214.004,833 10T.271.033 310.010.2SS
FOREIGN EXCHANGE
NEW YORK. March 8. The foreign ex.
Changs market opened steady, with demand
sterling unchanged.
meriinr, rranca. juarks. uuuoers.
Cables
emand
4.811J
4.81
3. 20
3.20
83
82
mA:
GOVERNBIENT BONDS
2s of 1030 registered, ,, ,..
2a .of 1030 coupon
Panaiut 2a registered..........
Psnama new 3s registered.,..
Panama new 3a coupon
3a of 1018 reglatered.,,.
3j of ID IN coupon....,
4s of 1023 registered..,.,..,..
4a cf 1023 coupon ,.,
40
SO"
Asked
16214
110
, COTTON CLOSED LOWER
NEW YORK. Starch 8.-Offerings of cotlon
wen fairly liberal today, but sellers did not
teem Inclined to nutk concessions. Call prices
wre unchanged to 4 points lower and tbe
actlte list declined. to a net loss. of 3 to S
pojnla at Iba end of 10 mlautea trading. Com
iuJmUio houses wers tha best buyers. Tba
South sold. Closing prices wers about 1 to 3
Mints below tba final of Saturday,
gat. clou. Open. High. Low. Close.
March 8.(11 8.AS 8.04 .M 8.30
May 8.84 8.TI) agi 8.73 &80
July 0.07 0.00 9.08 80S U.Ot
Octobar 0.32 0.28 0.3.1 o.it 0.31
Oatwaber " -W . 0.11 0.40
Spat 8-TB .. 8.T5
NEW YORK COFFEE MARKET
SBW YORK, Mrch B.-The coffee. market
aceosd, staly. PutBrea wwe unchanged to four
cMlgta blgtiar. Trading was merisrateiy aatlyc.
,tws
4 . 4J
Y&l, -m m
.102M 10JU iflgu Opening, Close.
.1002 loou 100S March S.6S6&.70
lOOJi lfiflg ol2 Atkl SZgiiK MM-"
" K H May MJlf81 JfCSS
'" SS Sa """ 9.oSie.bo -,fg
Dscalhtr Hfti-K liUlS
w-
Am Kidi-cm 4!
Am Hide ft Leather pref 27)
Am Ice 27
Am t.ocomollro 20
Am Locomotive pref ... 75
AmSmelllnff r..iw
Am Smelling pref 10IH 103 102U 103
Amsugar 102 Il)2' n ''.
AmTel&Tel 1201J I20, 120!( I2f f
nm lonacro 22o 40 n.v m
Am Tobacco pref 100H 10
A m Woolen prof '0 80W
Anaconda Copper 20H 20'f
Alchljon 05MI 005J
Atrfiijon pref 08i
Atcoast Line 100
Haldwln Loco 20
Baldwin Loco pref 00
Ilalt&Ohlo G7JS
Pule Ohio rrer nm
Hank of Commerco 165
I16lh Sleel Mil
ncthSteolpref 103, 10M Wiii 1MH
HrooklynOa 128! 129 129 129
Dtooklyn Hapld Transit 88J, c8t kSH 8RK
California Tot 18 18 17f 175
California Pe pref Mi 5W 50 60
Can Pacific 158M 101 158, I00M
Ccnt&SA Tel llOlf 110H 110M HOW
Central Leather 33X 3M ?4 34M
Chcs&Ohlo 41!i 43W 41J 42,
Chlno Copper 30U 30W 30 3)4
ChlcOreatW mH
ChlctlrcatWptcfA... 28
Chic Mil &SU- H7U
Chlcaco, It I & Pacifle.. 22,
Cent Can ISM
Col Fuel & Iron 24U
ConsolOas 117
Com Products OH
Corn Products prof 07$
Cuban Am Sucar 41
Del ft. Hudson 140
Dca Slolncs ft Ft D .... 7
Distillers Securities.... H
Erie 22
Krlolst nref 354
Krle2d prof 27
FcdM&Spref 24
Gen Cliem 183
General Electric 130H 140!. 1303, 140JJ
General Motor 02( OL'Ji 02 02(
Goodrich Co 30 32 31W 31'
Great Northern pref ..116M 110M 115!i 116H
Great Northern Ore cts 31K 32 32H 321
uugeenhclm Exp 50J,
Int Harv Corp of X J 01
Interboro-Mct ?(
Interboro-Mot pref ... 8f
Int'lPaper 8j
Int'l Taper pref 37
Inspiration Com 20U
Kan City Southern .... 21J(
nrcseco 107
Klnes County Elcc 120U 120!f 120?f 120i"
Lehlch Valley 134H 130i 1345 135
LlCBctt&M Tobacco. .220 220M 2205 220M
LlgcettciMTobpfcf.. 1181 1181 118.U
llaxwcll Motors 27 2854' 27H
Maxwell Motors 1st pref 07fi CO)
Maxwell Motors 2d pref . 20 27
MStP&SSM 113 115 .
Mexican retroloum ... 00 C8
MoKan&Tcxas 10 IP
Mo Kan & Toxas prof . 27't 27
Minn ft St. Louis 10U 10
Minn ft St Louis pref.. . 33 43
Miami Copper 20 20
Missouri Pacific HJi 12
Montanarower 60 50.'1
National Biscuit 120 121
National Enamelinj .. 10M 10.
NatLead 54!
NYAirDrako 57
Nevada Con 12H
NYNH& U 50
NY Central 831
NY04W 25)1 25)
Norfolk & West 101 102)4 101 V, 102!
North American 05) 07 07 07
NoPaclflc 102J' 104 103 103
Penna 105)1 1051 105)1 105H
People's Gas 110)1 120M 110H 120)1
rittsburc Coal 20)5 20) 20 20
I'lttsburc Coal pref ... P3 93 93 03
P Lorrlllard Co 182
PLorrlllard Co pref ...115
Pressed Steel Car 25)1
Pullman Co 1515
Hallway Steel Sprlne .. 10
Hay Cons 17K
Headlnc 145
Readme 1st pref SO
Republic Iron & St .... 20)1
Republic Iron & St pref 76
Rock Island H
Rock Island pref 1)
seaboard Air Line 13
Seaboard Air Lino pref 33,
Sloss Sheffield 25)
southern Pacific 84
Southern Ry 5)
Southern Ry pref 48
Standard Millies 45)
Studebakcr 47
Studebaker pref 03
Tennessee Copper 27
TexasCo 133) 135)4 13
Third Avenue 40)1
Underwood Typewriter GO
Union Bag & Paper ... 5
Union Pacific 110), 120 110! U0)j
usunaiAicnoi is ij o 20
Un Rwy Inr 9
US Express 71
U S Rubber 0)
U rj Rubber 1st prer ... 103
US Steel 44'f
US Steel pref 105
United cigar Mre 44
Utah Copper 52
Va- Car Chem pref . . . 81)
Wells Farco 87'1
West Maryland 20)1
Western Union 63)
Westlnehouso Electric . .08)
West Electric pref
Willys uvenand 10)1 J00
Woolworth 05 100)1
Wooiworth pref 97 117J 117 117H
Total sales today. 269,000, compared with
01,100 shares Saturday,
SHARP ADVANCE
IN BALDWIN SHARES
Rise in Price of Silver Stimu
Interl Tonopnh Stocks Lo
cal Market Showed Upward
Trend.
The local rrtarkot befi-an the week with
n Kcncrnl upvnrd tendency. The strcnritli
of tho Now York list vnn rellcctcd here
In United States Steel, Pennsylvania, L.e
IiIrIi Valley anil IlendltlK. The first
named belnB quite active on better news
from tho trade.
The Tonopnh croup wns a feature of
BlrciiRth, Uclmont touching 6 and old
Tonopnh scttlnr: close to S. Over 1000
Sharon of the latter changed hands at
7T. Tho ndvnnclnjr movement In these
Issues of late Is attributed to the rise In
the price of sliver. There xvns less ne
tlvlty In tho traction shares, but they
ruled Orm. The Street Is Inclined to wnlt
until tho new ordinance complications are
settled one way or the other before as
suminrr a market position. On the whole,
however, thero seems to be a bullish
fccllnfr on tho tractions among the brok
ers' oOlces closest to the management of
tho company.
For the first tlmo since tho minimum
limit In Philadelphia Company common
was reduced tot 30, n, sale of the Btock
was effected. This la a decline of 3 points
since tho loot previous transaction. On
the other hand, Dalitwln Locomotive pre
ferred roso to 04, or four points) abovo
Its minimum. In New York It sold up
to '9S. Pennsylvania Salt wns another
strong spot, ndvanclng over a point. It
la understood thnt the liquidation of n
good-sized block of the stock held by
the estate of the late president ot tho
company has been completed.
Tho Comptroller or tho Currency's call
for the condition of national hanks as
of March 4 was the first call this year.
It found tho Philadelphia Institutions In
ano shape. The bank statement today
was nn encouraging one, but no change
was noted In money conditions.
Sales in Philadelphia
. . sat.clow.
3 Am lit Sugar.. , 1
to Am can 1.
aj Am oas Aw
2J Amer His :u
20 Am rtwvs pf..loj
!',', Annconda. Con . ..,,
10 llnldwln Loco... 3uU
2i Halo 1.00 prel... 112
100 Cal Petrol
2U hlcct.Hior . ... 4Ht,
128 tlen Asnh t prf 00 .
M Ins Co N Am. , . 2lU
in iceman jynv
High. tjw. Claie.
JJ'Ifhlgli Vsl
10 Mo Pacific
7ilt
o-;
10
i;nna iil-" Mi
"'"' tfnna CSII llg ri
noo I'hiia Co a.1
211 Phlla Klectrlc. 24i
,ii,,' T tr qtl
.E-rinii irnc . . . .
-.Rl Head nr
100 80 Hallway . . .
1SSH Ton Itolmmit ...
IKtO Tonnpnh Mln...
1(20 Unlim Traction.
!U
is
I!'
Mil U Uaa Imp Sift
2IJS U fl Stel 44U
10 do pref lOlU
41)
.1.1
Irxi
my.
a
21
7
OS
12 4
f'2"j
SIM
:io
2IJS
itt
K2
4(1
103
40
.2't
loo
2(IK
aok
02 is
tl
."i
s
i2;
r.sU
$
ao
24W
lit
TS
4
103
40
.2;t
lw!,
as
100
20
(HI
21
70
OH
I2V4
furs
ffi
n
-
TilU
ir.'i
4:
a
FINANCIAL BRIEFS
noNos
Lait rrcv.
. . sale. 11
ii4 Am a a e o. so
1100O lialdwln 1st rls.loo
(CM Cam Ht sen '17.. n.T
roo do 11117 '.1
Kl Inter llwy 4s.. BS
100(1 th N cons 4Hs 00'
iitjii 1. v gc'isrftff ..
10IK) Uh V coal Ss.lol!,
S(iO Pa Tr elf 4i,s ..
04S1 P Co scrip 1010. HOVi
1'IR do nils K
f!2(io Phlla Elcc 4... "II
1.10O do f.s 102
Illah. l.ow, Close,
no i s.i
io"!
H..U
I 1001,4 loo. 100U
i no tin no
Yi no 00 on
k fit'i r.su bs'4
)l I'O?, !. IWJ.
100 100 100
Ki4 10.1U 10.IW
im4 JffttS loaf
mu IH) HI
wi no
7SV 7N11
I02 102
SO
RO
1025;
Local Bid and Asked
ni'i .
Baldwin .10
do pref p
Cam Sltcl 42
Klea Hinrnsa 4814
Oen Asphalt
do pref 110
Key Tel 14'i
do t c 141,
. do pref m
f-nko Sup Corp
Lelilah Nnv 74K
i.en .w t c 74,i
i.A'ii ni lev
l.eh Vnlley Trao.
o prei
4 ',4
17,
14)1
.vv 27.
SECURITIES FIRM IN LONDON
Large Accummulation of Investment
Orders; Americans Mixed.
LONDON, March S.-Sccurllles on the Slock
Hxchnnirn wero Orm todnv. The nccumulntlo'l
of Investment orders over Sunday wns tho j
liiifini ill fcc.rr.l HCRn, ii.a ."iiu . ,.-
cdue Issues wns harder. It m expected that
Mi,OfHi.O0u :i per cent, exchequer bonds, ulilrh
will ho repayable nt par In five icars, would
bo placed nt an meraRa of .TJi icr cent.
nVmlftpB fni ImnHn nnllntled lnriip.
Tho American group was mixed, and dal
Ihks wero narrow. Canadian Pacifle displayed
firmness. Home railways wcte Irregular but
higher. . , . .
Kresh buying- took place In ItuBslans, but
Greek descriptions lacked steadiness bccnuie
of tho Cabinet crisis In that country. The
mining department Bhowed tha most rtrcngth.
especially Kaffirs. Speculative investment In
oil stocks pnused, pending further news from
mo ijaraaneucs.
London.
close.
Amal Copper f.0",
Atchison iw'i
Ilaltlmoro fc Ohio
Cnnndlan Pnclflo 10.'i
Chesapeake & Ohio 43
Chicago ilrcat West II ,
PIiIchko M & St Paul fo'i
Denver n O n
nrle p- 22
do lBt prer f.- "'
Illinois Cent 107
Ml K T I'Ti
New Vork Central n
Norfolk & West I0J 4
New York Ontario & West.. 2.V4
Pennsylvania '
Reodlntr 'J,.
South PaclOo jOJi
L'nlon Pacific i-'ia
Incrcase. Decrease..
Pennsylvania
Plilln Mectrlc
Phlla Co
do fl p c pref....
do Ope pref. ...
Phlla II T
do t c
Heading
Tpnopnh Ilplmont .
Tnnopah Mining.
Union Traction ...
i.iiueti Kinn imp i'?i
V H Steel 4.'.(!
York Itnllwny 7J
do pref .10'S
1 11-10 1
24
1154
ilia
81
lay's Saturday's
lakcd Hid AaWd
;I2 2S14 .10
or, 02 113
411 42H 43
411 48t4 4'1
2(1 . . 211
01 . . O'lH
Wi UU 14j4
141i 14U 14
(II ( 01
73 74 73
73 74 73
117 (17 V4
IB 14ai is
2S 27 2S
1.1-10 WW 32 0-10
2IVi 21U L'Hi
no . . no
no . . ho
as . . as
nji It's 12
11C iiti 12
7.1 72 7-1(1 7211-10
l' 4 II-1 II 4 11-1(1
,7i 714 in
33f, asf, .1(1
43; 44Z 4I1J
Ih H W.
12 SOtJ .12
N. Y.
equiv.
R4V4 -
1
".
-I- H
1!
114
07JJ
41H
mii
07
w.
211
.1411
10.1
mH
R2,
lOOl;
23
104
im
S1H
118
- i
It
t;
-l'i
NEW VORK BUTTER AND EGGS
NT.W YOIIK. Mf.rch fl.-nUTTnn-Morket
steady,' receipts. S228 pnekngesj extra, OOc.j
higher scorlnir, .11c; State drllrJ. 28c. i Imita
tion creamery, 22c.
i:OOH. Market unsettled; receipts, I0..100
pa-kagei; extra flrrts, loitc. ; firsts, lR'liffinc
nearby whites, 21f?22c; mixed color, ttttrzlc. "
The New York Stock Exchnnse has re
ceived nn application to list J208.300 addi
tional preferred stock of the General
Cliemlcal Company.
New York hanks lost JH9.000 to the Sub
treasury Saturday, and since last Friday,
$2,749,000. ,
A charter has been Issued by the Comp
troller of tho Currency to the Citizens
National Hank of Bioomsburs, N. J.
I A. F. Van "Hall, of Amsterdam, has
been added to tho proxy committee of the
Chicago, Hock Island nnd 1'acino Hallway
Company, tho other members bclnir Ed
ward W. Sheldon, William Wodward,
Charles 0. Dawes nnd J. Horace llardlns.
The Interstate Commerce Commission
today authorized n. 12-cent per 100 pounds
carload rate on pic Iron from Chicago
when orlttlnntlnn at points beyond to gulf
ports for export to Europe, Asia, Africa,
Australia and the Philippine Islands,
without observing tho Ions nnd short haul
rale requirement.
Proposnls will bo iccclvcd by Johnstown,
Pn.. mull Mnri-h 17 for J12.000 ii 30-30
year brldjto bonds; hy Juniata, I'n.,
.March 22 for J24.00O 10-30 year water Bs;
by lied Hank, Monmouth Co., N. J..
March 15, $23,600 12V4 year avernKO refuntl
InB 4s; nnd by Cumberland Md. March
23, $150,000 1-10 year paving 4V4s.
The Hoard of Directors were re-elected
at the Philadelphia, Holtlmore and nsh
Ington Hallroad annual meeting.
Following the sale hy T. Coleman du
Pont of his Interest In tho E. I. du Pont
do Nemours Powder Company to other
members of that concern, the directors
nccepted the former's resignation ami
elected Pierre S. du Pont president of the
company. The former president was suc
ceeded as n director by John P. Lnrrey.
general counsel for the company, and A.
Felix du Pont was elected to the board to
succeed A. J. Moxham, resinned.
Tho Liggett & Myers annual report
Bhowed n decrease of $1,077,605 In net
profits. The balance nfter dividends was
$874,881. a decrease of $1,008,657 compared
with 1913.
Additional securities of various com
panies lmvc been placed on the regular
list of the Philadelphia Stock Exchange
ns follows: $9,603,300 slock of the Ameri
can Telephone and Telegraph Company
Issued In exchange for convertible bonds
canceled nnd stricken from tho list, mak
ing total nmount of stock ll8tcd$33-l,274,-600,
nnd reducing nmount of bonds listed
to $55,619,900 4.4s and $4,107,000 4a; $200
American Telephone and Telegraph Com
pany convertible ia per cent, gold bonds
duo 1933. mnklng amount listed to date
$65,994,000 less $11,374,200 canceled; $180,000
r
preferred stock of the Virginia Hallway
Power Company, making total listed -879,400'
$tl.000 Atlnnlle City Electric Com
pany first and refunding sinking fund 5
per cent, gold bonds due 1938, making a
total listed $1,784,000 less $46,000 canceled.
The Georgia Hallway and Power Com
pany reports for the year ended Decem
ber 31 an Increato of $114,134 In net earn
ings. Tho surplus nfter charges was
reduced by $51,490 to $540,370.
Fire losses In the United States and
Canada during February aggregated $13,-
031,250 agnlnst $20,060,000 In January, and
$21,744,200 In February, 1914.
NEW YORK CURB
HM
nraden UK
Itrltlfli-Amcrlcnn Tobacco old.... 17'J
llrltlsh-Amerlcnn Tobacco new... 1T1
(Jnldfleld Contoltlated IK
drcene Cananra 20
Ln Itosa ,
Lehigh Vnlley Coal tales 133
Nlplsslng , fiH
Otis Elevator 00 14
Otis Klevator nref 00
Itlker-lfegemnn '. (V,
Hterllng dum OK
Tohneco 1'ro.lucts nref PI
United Clear Stores s. poti
I'll...., (.,.... ... m ' ".1XJ-
. . ;-"."r riuirn prei i
i.'iiucti rroiH nnanng new.
ii urin ruin .
Yukon Oold .
:n prei vi
Ing new OK
4
2
Asked
H
171J
1BH
1"ii
28
1$
1(16
PV,
704
MU
3W
03
0.1
117
af,i
3
2
BAR SILVER
NEW YOnif. March 8.-The price of com
mercial bar sliver was B0', cents today, with
Mexican dollars at .177; cents.
Sound Investments
C. A 20-ycar poltl bond tax
free in Pennsylvania Prco
Federal Income tax
Yield 5.50
Full particulars on request.
fifcAZIER 6-Got
BANKERS
132 South 15th Street
BANK LOANS EXPAND
1
ort
Philadelphia Institutions Also R,B
Increaso In DodobIIa
of ever two minion, i . 4
l.lonlnlndlvldu.,dC(.l?'!
An Increare of ever
and over one m
the
e features of the weeklv .i...f?f'Uinl
Philadelphia Clearing House banks iL U
There was a gain of Jfioa.ooo i ..'''M
i... 1.1..1.. .i.., ... t ' i's tur-iv
,....,, .K mm. Hers up In hiaa,"""!
1 follow! P " W'W4,CoV
March
reserve,
Details
Loans .........,,...,., & JbrnJ
deposits (individual),., 827,3,12000 'r??7
i.tt. 11,512.000
) .61,001.000
Circulation
Due from banks.
Deposit of banki,.,,,,, laiMlooo
r'.2.vt,ooo
33,024,000
ftW..""h
Ileservn hM
neseno required ,,,,
Surplus ,.
Decrease.
Rurnlus under old
$p,87(!,ooo: starch 10.
11
Starch
'.t?,'m
sa.
m
M
?'t,sl
.8741. 000: starch 10. low, 11 mmnr't.'nQ
1012. $.4,251,000: March 0, lbll. ttrS'iS"!'
rch V, 1010, $8,317,600. ' 10..)bj
NEW YORK METAL MARKEtI
NEW YOrtKf .March 8,-Th. m.t.i lJ
Was quiet today. Spelter ottered, ltM- ,i ?1
3.0OS4C! tin. B-ton lots. KKMi2e. '"Hl
The Safety of
Gas and Electric '
Investments
Is attosted by statistics i
for thirty years, begin,
nlng with 1882. Thcsa ;
show that for every out
standing $100 of bonds i
nnd stocks tho amount in
receivers' hands averajred
but 37 cents. With na- '
tional banks tho average
was 32 cents, or only 5
cents per $100 loss, while
with railroads tho corre
sponding average was
$1.87 nnd with Industrial
companies $2.04.
Wo will bo glad to mall
you our pamphlet No. 190
entitled "Electrical Utility
Investments Their Rec
ord and Progress."
William P. Bonbright & Co., Inc.
MORRIS W. STROUD, Jr.
Manager
437 CHESTNUT STREET
Philadelphia
Netv lork Boston DetrtltB
x.onuoin .viiuniii i, uonDrifrnt at Co.
AUtin, xjuuurjfiiii oc vo.
J
M
cr?C7?iT?crrCT73ir7?rcT?c'rcr
MARCH 4, 1915.
SHORT TERM NOTES
Rato Duo Hid Asked
n July i"i; mint iu'i
Apr. 1IIKI KKIfc, ilUKi
Sept. loin
.Mnr. 1!U7
Dec. 101.1
IJcc. mill
Dec. 11U7
Juno 101,1
Juno 101,1
July HUH
Mar. 1024
June 111111
Sent, in IB
July 101(1
April ini.1
Oct. 101.1
Apr. urn
Oct. lniri
July
Teb.
Mar. 101.1
Rent. 101.1
Dec. lflt.1
June lOir.
May in tT
Apr. 101.1
Mnv 1011
Pent. WIS
Oct. 101.1
Sent. Ml.l
Sent. 101(1
Sent. lniT
May lm.l
Oct. 101.1
Mar. mm
Mnr. mm
Feb. 101 a
May inn
June 1MR
Jan. 11)1 n
May 117
Mav miR
April ini7
Mnr. 1017
Amer T.OCO . . .
Am Tel Tel sub.
Am Tobac Hcrlp. .
Annconda Cop Co.
Arcentlno Oov ...
Argentine Oov ...
ArKentlno Gov ...
llalt A Ohio
Ilethlehem Steel...
Ilrookn Hp Tr. ...
Can 1'aclftc
(' & O
Chl & West Ind...
Chicafro Elevated.
Krlo
Erlo
Krlo
Oenernl Motor....
nenernl Rubber...
Internl Harvest...
Lnckn. Steel . . . . .
l.k Sh fc Mich S.,
Lk Sh & Mich S,.
Missouri Pacific...
New Knjf Nav
S T C II It
N V I- & H H
N V C ft II It....
N' V C & II It
New York City . . .
New York City...
New York City...
n r k ii & ii
p R R conv...
Ihih Serv Cm N
Svnboard Air I.lne ri
Southern Rwy .... .1
Southern Rwy (1
IT H Smelt R & M ,1
l'nlon Typewriter, fl
rnlted Fruit J
ITnlted Fruit S
I'tnh Co A
West Tenn Trac. 0
5
(I
H
0
n
I'i
r.
,i
(!
ft
K
r
,i
ft'i
0
44
ft
.1
II
.. a
. . ft
. .i
,. 0
, . 1
.. o
.. ft
.. 314
J ft
iooi;
on1.
100
iooU
KI0,
100VJ
10',i
imvi
1(C4
Sllli
iootJ
1H4
100
inou
ni
loo't
wt.i loo
lfllft finvt
in
Kll'i
oH
UK.",
IOOVj
100i
100V
1001
O'.li
lOT'd
DO'4
1'"'.";
,'? ' i
lrwnl
30014
100'i
100
08
loou ino'i
W 01
02 02
loo inoi
loou lonij
ino iooi
innw mni
11114
10214
101
mi;
inn
nor
ORti
nn
!I7
in
no
101
07
07
on
ft
10114
lic.ar
inm
onVi
ino'4
wov;
100
nni;
nn
7 14
ifll i
07i
os
09
Pnrk Transportation Receivership
The Tnlt-d States District Court today made
an order making permanent the appointment
of Samuel M. Clement, Jr.. and William U
Chrlsman as receivers' for tho Kalrmount Tark
Transportation Company. The receivership Is
part of the reorganization plan for the com
pany. National Bank Call
WASHINGTON. March 8. The Comp
troller of the Currency today Issued a
call for the condition of nil national banks
nt the close ot business March -1.
JOSEPH WAYNE, JR., President.
EVAN HANDOI.Pir, Vlee-Prenldent.
T. E. -WIEIlEItSIIEIM.
Vice-President.
CIIAm.ES 31. ASIITON, Cnalilcr.
A. AV. riCKFOrtn, Annlstnnt Cndhler.
ALFRED HAIIKATT. '
Asalntnnt Cnalilrr
DIRECTORS
FnANCIS n. KEEVES, Chairmnn of the Bonrd
Dnnlel IlniiRh
C.rorKe T. Ilnrtol
Itniltnnn E. firlscom
.1. .Ilnurnn Ithoilrit
V. Frederick Snyder
.llorrls It. Ilocklusj
Robert Toland
Writ. Newbold Elj
Morris I,. Clothier
John Grlbbel
Gcorjre AIcFndden
Arthur V. Morton
Frnncla II. Reeves, Jr.
Win. W. Frnzler, Jr.
Grorse 11. KoNrnrrnrteu
Joneph AVnyne. Jr.
Kvnn Randolph
Win. Jny Turner
RESOURCES
Loans and Investments $35,372,177.14
Due from Banks 6,215,068.58
Exchange for Clearing House 1,653,262.61
Cash and Reserve ., 8,964,317.87
$52,204,926.20
LIABILITIES
Capital $2,000,000.00
Surplus and Net Profits 4,568,004.76
Circulation 1,084,000.00
Deposits 44,552,921.44
$52,204,926.20
asgffSHSaSHSHSZSHSrlSaSHSSSBSrZSHSaSSSESHSESHgggrgQ
THE PHILADELPHIA
NATIONAL BANK
Philadelphia, March 4, 1915.
RESOURCES
Loans and Discounts $43,991,610.27;
Customers' Liability under Letters of ,JJ
Credit and Acceptances 4,232,985,571
uue irom Jtfanks 9,059,499,18
Exchanges for Clearing House $3,105,543.12 ij
Cash and Reserve 17,723,423.47 20,828,966.59
$78,113,061.6il
LIABILITIES
Capital Stock $1,500.00
Surplus and Net Profits (Earned) 5,061,777,95?
uircuiauon mo,y)(.m
Letters of Credit and Acceptances 4,879,031.17j
n ., r Individual ...$43,505,291.77
deposits . Bank 22,517,963.22
66,023,254.93)
$78,113,061,611
Levi Ij. rub, President.
HARRY J. KESER, Vice President. DAVID W. STEWART, Asst Caehler.
WILLIAM S. MADDOX. Vice President DAVID W. STEDART, Asst. Cashier. J
DIRECTORS
STATEMENT
Corn Exchange
National Bank
Philadelphia
Mircb 41b. 1915
RESOURCES
Loans & Investments $18,219,183.83
Due from Banks.... 3,494,609.18
Clearing House Ex
changes 826.901.25
Cash and Reserve.. 7,068.002.03
$29,608,606.20
LIABILITIES
Capital $1,000,000.00
Surplus and Net
Profits (earned)... 2,077,915.55
Circulation 295,000,00
Deposits 26.235.780.74
929,608,696.29
NEWTON W. CORSON,
Cashier.
Cfe JLau&riat
Philadelphia, March 4, 1015.
DIRECTORS
T, WlsUr Brown
(Irorce Hurnhnm, Jr.
William Wood
John I'ltcalrn
Charles II. Smith
Henrr W. Ulddlo
Charles Whreler
William T, Elliott
Charles K. Inrerfoll
A. A. Jarkson
8amuel M. Cnrwen
Clarence SI, llroirn
nnsouncES
Loans and Investments H,7S4,B35.B5
Ev.oS.nr.. . . .. !. . . .c,.'.".'rK 81t.S53.82
Duo from Danks and .
Bankers 1,073,694.00
Cash and Reserve 0,210,781.50
J3,816, 331.87
WILLIAM T. ELLIOTT, President.
WILLIAM POST, Cashier.
Capital
LIABILITIES
SI, 000,000.00
Surplu. and Undivided Profits
(earned) 8,036,600.78
Circulation ,...,...,, 380,230.00
Deposits 18,700,421.11
(23,810,331.87
WILLIAM V. CONRAD, Asst. Cashier.
ANTRIM II. JONES. 2d Asst. Cashier
PENN
NATIONAL BANK
Comptroller's Call. March 4, 1015.
ASSETS
Immediately Available;
Cash and Reserve 11,371.531.60
Checks for Clearing's.. 106,427.61
Due from Correspondents 270,600,76
Demand Loans ....... 036,232.43
$2,676,998,68
Available VHhln 30 Days;
Loans due In SO day. , 11,200,518.03
United etttes Roads
Pr ,..,..., 200.000,00
Other Ilonds and In
vestment ...... .L1. 583,101.81
$4,640,617.42,
Other Loans & Discounts;
Du within 00 days. . .12,487.824.03
Dua after 00 days .... 1.170.391.83
Ranking Property .... 280.000.00
$8,579,036190
LIABILITIES
Deposit!
Circulation
Capital Stock
Burflu and Proflti
-.18,242,438.83
200.000.00
. . 600.000.00
-. 1,630,60107
$8,579,036.90
Always Qommarcial
U. O, BAKBB. Caihler.
The Outlet
The outlet or market for
any security ia the public.
When the outlet and source
of the security are directly
connected, the price ana
value are identical. There
have been no tolls to sep
arate them.
The public is entitled to full,
actual value for every dollar
It invests.
It should pay no tolls, for
they add only to price, noth
ing to value.
Toll locks along the
channel by which a security
reaches the public should be
as offensive to an intelligent
Sublic as toll gates on the
ighway are to an enlight
ened community,
Both are unnecessary and
unfair to the public,
Our source adjoins our
outlet; There are no tolls.
Value equals price.
Our booklet awaits your
request for it.
The White Investing Company
WALTER WHETSTONE
Philadelphia Manager
Morris Building-. Philadelphia
RICHATtD ASHHURST,
LINCOLN GODFREY.
GEORGE WOOD,
ALFRED C. HARRISON.
LEVI L. RUE,
GEOROE H. FRA55IER,
GEORGE H. MoFADDEN.
EFFINGHAM B. MORRIS,
RANDAL MORGAN,
R. DALE BENSON
SAMUEL IlEA.
PIERRE S. DUPONT.
THOMAS 8. GATES,
a a a a WTMrt
SAMUEL M. VAUCLAItVl
WILLIAM H. DUNNEJV41
WALUAUE 13, BJMMUnaa
SAMUEL W. vVARRIKEIll
Accounts of Mercantile Firms, Corporations, Banks and Bankers Invited!
florcien .axenange nought and Sold. Letters ot credit issued
FRANKLIN
NATIONAL BANK
Broad Mid Chestnut Streets
a
Philadelphia, March 4, 1915,
Loans and Discounts $25,841,829.$!
Liabilitv under Letters of Credit 160.673.63
Due from Banks 4,628,921.lfj
Cash and Reserve 9,373,945.63,
Exchanges for Clearing House 2,455,041 J
r $42,460,411.3!
LIABILITIES
Capital , $1,000,OOO.OW
Surplus and Net Profits 3,585,722,561
Circulation 445.0O0.00J
Letters of Credit 160,673.631
Deposits 37,269,015jj
. $42,460,411,301
J. K. UcALUSTER, President.
J. A. KAURIS, Jr.. Vice President J. mi, nAItlJT. Asst. Cashier,
E. P. PASSMOUE, Vice President Cashier, J. O. l'KANKLAND, M.U Cashier. Wg
n js. BiuEUis, Asst. Cashier,
DIRECTORS
EfHniham D. Harris
Percy C. Madeira
Ellis Piuer Passmora
J. Andrews Harris. Jr.
J. Hampton Karnes
Morris L. Clothier
FOREIGN EXCHANGE IN ALL ITS,BRANCHES
CamuM T. Bodlna
Thomas De Witt Curler
Oeorce If. Frailer
Edward B. Srallh
llenrr Tatnall
J. llutherford McAllister
VTederlcJc u. ualij-
c. s. vr. rf
Charlton yarnaU
IV. W, Atterborr
Edar C. ??,
Robert C. RfMU
HudulphEllI..,
Edward P. Wu
FIR3T NATIONAL BANI
of Philadelphia
Condensed report at close of business March I. 1015.
RESOURCES LIABILITIES
Loans and Investments. $18,018,921.46 Capital) $1,500,C
Due from Banks 4.249,867.25 Surnlus 'and Undivided
Exchange. for Clearing Profits 1,653.7-U
House 741.14S.6S Circulation 715.C
Cash and Reserve 6,501,971.73 Deposit 2S,643,l
Total $29,511,906.09 Total
$29,511,9
J. TATNAI.T, I.EA. TrMnt
WM. A. LAW. 1st Vtco President CIIAS. H. JAMBa Altnt CasW
"5fliu.i waknb. ia vice President FRBAS p. BNYDBB. Ait 'r
THOMAa W, ANDnlY. Cashier HARHT J. HAA& Assistant CW