EVENING LEPGEK-rHIEABEEPHIft, TUESDAY, APBTL G lOlo:
ir
lrt)t.'...W
JUMP IN GOODRICH
ON DIVIDEND RUMORS
B
jBctlilohcm Steel and "Knty"
Weak Issues Traders Took
Profits.
NttfW TOH). April 6, further Improve-
1 tnetit wns shown In the stock mnrket nt
1 (J,0 opening this morning. There was n.
1 koo1 demnnd which seemed to come
from sevcrflt sources, nml the Doatlnn
supply of stocks appeared to bo small.
Many of the dujUir orders came from
traders who went short of the market In
, jcetcrday's session. On the hdvnnco
1 nUIte a lit tla realizing wan accomplished
: and this had the effect of driving down
prices to sotnn extent, but the selling was
well nlwiorbcd and around midday tho
- advance had been resumed.
' Throughout the early session trading
was xery actUc and n helpful Influence
In the market was the contents of a noto
sent by the State Department to (Iront
Hrltaln protecting ngalnst tho blockade
bring maintained ngnlnst Clcrmany. The
note did not fulfill unfavorable predic
tions which were current estcrdny. Tho
note did not demand modifications, but
only reparation of losses. For tho most
part, the specialties ngaln found favor,
the old-line Issues being neglected, nl
tliouuh there was mote Interest In the
latter than for tho last few das.
The market sagged off and became wealc
In the afternoon session on profit-taking
and foreign liquidation of some of the
' standard Issue" Some shnrcs went be-
i low tho final of yesterday.
J SlocUs closed Irregular. A feature In
, the lad fcw minutes was an advance of
I over 5 points In Goodrich, which was ac-
I compnnleil by rumors that the stock
. nould bo restored on the dividend list
' Weak Issues wero Missouri, Kansas and
Texas preferred and common, the pre-
,' fcrred dropping to SI, oft 5 points, later
recovering some of tho loss. The com-
i mon lost nearly 2 points.
Movements In Hethlehem Steel were of
1 peculiar iiftturr In the early session
a new high lecord nf 91'4 won scored, but
this was lost In the later trading, the
stock dropping over i points below the
final of cstcrday and C below the high
of tho dn - The weakness wns cnuscd
by the Inference int President Schwab nt
the annus! mtetlng that there would not
bo any dividends at the picsent time He
said: "Between :tf,000,000 nnd ?30.000,
wlll be nccesst to spend on the Chlllnn
i property nnd tho Hethlehem plant in this
I countr, nnd this should bo spent out of
. earnings, as our bonded Indebtedness Is
laigcr than our capital stock, I hope thnt
the stockholders will npprovo of this pol
icy." On the business outlook Mr. Schwab
said: "The general business outlook Is
encouinging I think the steel business
will show an itnprnvtment In volume of
oideis, but linidlv look for higher prices.
Secrclarv nf Commerce Ttedfteld today
laid before tho Cabinet trade figures
showing it favorable balnnco to the United
States for Ihc week ending last Saturday
of 2.',000,00. This is one-hnlf more than
the balance for the previous week. For
the month of Mm oh an approximate bal-
ancc of JH5.0O0.00O wns shown, against
i?l7WH,000 in February.
Wcstlnghousc Klectrlc was strong on
the icport from Pittsburgh that negotia
tions nro under between the com
nam nml Ihn Iltisnliin f!nvnrniniif In.
helving a large contruct for electilcul
equipment
New York Bond Sales
Irish. I.ou.
'I .truer rot oil 4.a ...rnoi, 100",
0 tin r,s m MS
0 .nior IIIdf t, Us . lest, io2i
0.m mlt Sw ( lOli, I04i
II Amcr Tel ril Is . ... "o STi
0 do nt i5j ... ni, inn,
0 Am Writ Paper .Is.. M ill
i) Armour 41 .. Iit'f, 111',
0 w.lilmi ntlj 4i . M 4"3
0 do iv 4a lUM tin, mi',
I) do 1W10 101 1011,
0 Allan Co t.lne 1st 4.. P0'4 DO'S
I) Dalt s. Ohio 314a ni'5 lil'J
1 do 4 11 fio'l Nift
0 do c 4'in Mi Sit
a do jinn Jl'fcs RSN,
0 Beth Steel 1st .'. JOO'i lno'i
0 do rtd Si ("' "M
0 Huh Term 4s SO 8MI
0 Cent Iath 1st f.s iim; tns
r Cent Tor lit 4 . ss sj,
D Clics At Oh c It-fl .. 7S 74IJ
I) do l'n SH RS
it Chi Ot West Is TO', jriii
0 Chi S. Xwn ni-i ru; soti
n do gen 4s .... inf. Ulj
0 do deb .is wis ... unii, lloVu
I) Chi .t W Ind 4 id", 7U
0 Chi II S. ( Joint 4... 11014 !''
i) do deb ,1a fm w',
il Chi n A: Q lit .11 81 81
it Chill St t cv :, rct.lOlf, 101
0 do rv S tisii US',
D do Kd 4Hs SRU 8.SH
i do r in.1-). lo-Ji,
11 do rv ! 117 . nml
0 Chi Mil A I' S U .. M't, S
ft Col A South lat 4.. Ml, MS
a Con oai rv n . .. 114', ll'l'i
0 Cumberland Tel .. . nr.i? liniS
0 Del S- Hud rfd 4 . 40U 4I,'
D Den ec Din Or In ... 7.1'. 74t.
0 do rfd ,1 .... 47 17
ft petrol! Fdlion lt Ss..tnsi. lic.
0 llttroli fulled ll,s... 77 704
ft Oil Seeur Corp ni 4tVJ 4HV,
J nuPont l'od mi.... RS SSii
ft Erlo conv 4s Ser A... b.1 m
ft do is !-r 11 nrni bsij,
3 do prior 4 S2 NJ
fleii Klf c ni (17 117
J Jlud ft Man In 3 . , sv. mi,
JHua Man rfd Bs... 74!i 741J
JJ?,"!!,tp""rnl rot 4.. M W
1 III Chi Jt & o', Wl'i
Inj Cop cv Oj lift ltU'4
J In cv ret ;,d 0d Oi '10.120 lintj
J Jnterh Met 4(ys .... 7M, 7S(5
J J'lter Mr Mir 4i . . . ,18', .IS'4
j ind Alcohol 3s . ... nonj in
' Jan new rjer Ha 4in 7U 7(1
Hr-anee Jit 41,1.. .. 7siJ 7S',
hli Cltv So 1st ,1i.. n7. Il7i
1 IjeUdu Gaa rfd 5. . m iijiv
Uk Sh deb 4a 1028. 02i Wl'J
lke bh deh 4 111,10.. m nil
9 Manhattan 4a ... iwii n2'4
Olio Pac 4 . .. 4S 41
S 5. .l 1? " s wl -tn
J Mont Power .la '. .. 11J 02
,, a Jl I" ft II Ua w I ..innii 11.0
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K V tla. l & p Sa,.l02 102i 1
n v ijicka & w sa. insti lest: i
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H Y 'll (ran Jl... n-.X ,lft?
w i. J..' -7". 5-., "r.", !T?7,
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GOVERNMENT BONDS
, rmred
-OU1JOJ1
laiar 1
la rcii Utered
a toupd
i.iiraf
S? r 4'lei-l
imp
Btd. A Ik
WJ5I -
iVciy TorA; Sfocfc Sales
I.atetoae. High. Ixw Clee
Adams Kiprcsi wi hoj, S'.lJJ ci)t
Aist,aoidMines..... :o :r,u n." si'i
Allls-Chalmers pf 45 45 Mi 45
Amalcamated Copper.. IMf MH (XI fi4'
Am Hect Sugar. 45'i iu',1 45 45
Am DrakeS A F W) 1)1 01 1)1
Am Can illH 32 :tl( .'ll1.
Am Can pf 1)5), bqij ott'i COW
AmCar&Fdy 411 49 4R 48
Am CoaU'roductj ot 01 mi 04
Am Cotton Oil Wi 47 45)( 47!(
Am Jlldaft Leather ... 5 fi fi'( 6!.
AmHIdeA-Leaprcr ... 28H 2U) Si'f St
Ametlcanlra ,tl ailj KO'J ."!0'
Am Locomotive ;uj 3W JJW 32)4
Am Mult 4'f 4?i l'( Hi
AmSmeltlnii r7), (17JI COJ, 07
Am Smelting pf lot 104U 101 101
Am SnufT 151 151 164 154
Amhuear 107 usii lOOl 107'S
Am Steel KoundtlM.... 'ill 31 .TO :iH
Am Tel A Tel 119M U9H MOM UM
Am Tel Cable 5S1S 00 on 00
Am Tobacco 20 2:iOJf 22&H S.'IO
Am Woolen Ul 10 10 10
Am Woolen pf 70Va 81 SI 81
Am Writ 1'apef Pf Ma 10 8'j" II)
Anaconda Copper ,.9'l' Jjl'i" Mi HV(
AtchUon lOOlS 100',' 100 1005 i
AlchT&SKpf l)s)j 0S, OStj 0S!i
Baldwin Loco 37)4 311 :SJj 3D
Baltimore A Ohio 73 73' Tilt 73
Balllmore A Ohio pf .. 70), 7tm 70J, 7())
Hethlehem Slcel IU) '.III 5 87- HSH
Bethlehem Steel pf lODj 105U UKH WW
HrooWjnltaDTran.... 01 01 UOJi UOH
Brunswick Term .... ti 0 0 fi
llutterickCo 30 Wi 2S', 2-(,
Cal l'ettoloum VMi 13'j l.'ISi Ill's
Cal l'eltoleum pf 40!i S8U !IS 3S'
Canadian l'aclflc 101 104), 113,'lli 104
Cent LcatherCo 35), Sfiti Rolf ,'l.-,j
Cent Leather Co pf ...lO.'li lO.'Ji 102W lOJij
LhesAOhlo I5JC 45 44)i 44)4
Chlno Copper 3U' 401 UVH 4(1
ChlcA Ureal West.... 125, 12 12'f 12!
Chicago t West pf a.. 3.',', 32! !UH 32!,
Chic Mil A St T 00 00!( S!! 00
ChlcMIIAbtl'pt ....12) H 126), 12(1 120
Chicago It I A Pacific . 27), 20 27X 28'i
Chic A Northwest 1271J 128 127'f 128
ChiettI'cabodypref..,.10O Oh1.' I)9'f OO'f
Col Fuel A Iron 2UU bOi '.0i 20U
ColASsOuth 30 HO', 30 30
Continental Can O.lH (ll 03 o.t
Continental Can pf ... 00) i 07 1)7 07
Consolidated Uaj 121 121 120'- 121
Cornl'roiluctj 12 lli 1U, 11!
Corn 1'roducts Itef pf .. 73)i 73)j 7,1 73
Cuban-Am Sugar OJ 2 CO lO'i
Del & Hudson 141) 110). 119K 140),'
UenAlllo Orande .... 7)( Ti 7'i 7',
DenAIlIoOpf 15 13'a 13U I.Ti
Distillers Securities .... 7 0)1 Mi O'i
Krle 271, 2c)i 27)( 27ii
Krlo 1st pf 44U 44)i 44 44
Krlo2dpf 35)j 35i dol, 3fiJi
KedMAS OU 111 h 10
Uen Chem pref 107!j 107H 107Jj 107)j
tieneral Klectrlc USh HO'i " HO
General Motors 12S 12h)$ 127 127
tieneral Motors pf ....10,1 10,1)4 103 10.!) i
OoodrlchCo 13',' 18 41 48
Goodrich Co pi 10(1 100 100 100
Ureal Northern pf 110)5 l.oy UUlj lUUf
CIreat Northern Ore. cts 35U COJs 35U 35)j
Cliiggcnlielm Kjpl'n ... 5j 4)4' 53), 5)S
llcmcstako Mining ...110 110 110 110
Illinois Central lu'j't lUDi 1UH), WWi
IntAsrlcultural T,i 7 7 7
Intllarv N J Ofljj Oi 07 OS
Interboro-Met 10,'a 10),' 15T,' 10
Intciboro-Metpf t8' 70' i CSX OS's
International Taper ... 0), 10W 8)i 10)$
Intl'aperpf 3SH 30 38'i 30
Int Steam Pump 2 2 Hi 1',
Inspiration Copper .... 28"i' 2h' 28i 28i
Kan City Southern .... 2-IJ( 24), 24)i 24',
J Kaj.ser. . . .p"J 82 82 82
J. Kajjer Co 1st pf.. 10S, lOS'-i 108', lOSJa
Lacailetias 07 OS 08 08
Lack Sleel 35 Ll) 35', 10
LakcLiloAWeit . ... 7 7'a "H 7'j
Lehigh alley 137), l.'li), 137, I37)i
Llgcett A Mrs Tob Co. .22(1),' 22.1 220U 223
Loosc-Wllcs Biscuit ... 20)j 22 2J 22
Loulj A Nashvllla 118 111).1' 110 IlOJf
Mackay Cos 7fl)j 70 76 70
Manhattan Lleiated . 127?i 12S 127Jj 12S
Manhattan Shirt 5(1 50 50 50
Ataj Uept fatorea 4.1 ,8 5)j 48
Maxwell Motors 4U'i 47) 4514 45)4
Max Motors 1st pf 8514 87 t51 80J4
MaxMolors 2d pf .... 40U 414 40)a 40)4
Mexican I'olrolcum ... 71 (O'i 07),' 00
Miami Coppor 24)i 24! 24)i 24
Minn ASt Louis 1I, M)i 14)i ll)i
Missouri I'aclflo 13)j 14 12)4 13)i
Montana Tower 02',' 53 52)4 62)i
Montana Power pf ...-100U 101 100)1 101
Mo Kan A Texas 11 11 12 121,'
Mo Kan A Texas pf ... 30 38 34 35)4
National Biscuit 110)1 123 120)1 120b
Nat Cloak & butt 78,' i 7b 77 77
Nat Cioad A Suit pf ...1U.')i 10J l()J)t 103
Nat Lead '2!1 (5.1) j tilfi 112
Nat Lead pf . . . 108 109 109 10'J
Newiorl. Air Brake .. 70), 73 .0 711
Nevada Con 13 13), 13)4 13)4
Nx Nil A It 00)4 01 50)4 59)1
Kew York Central 85)1 fcO'l fcfiU 86)
KYO&Wejt 28H 2831 28), 28J1
Norfolk A West 103)i 10311 103 103
Northern Pacific 100)1 107) i lOOJi 107
Pacific Tel A Tel 20)1 27)4 27 27M
Penn 1U7 107)i 100)1 107)4
PeopIcsGas 12.1 122 122 12.)
Plttshureh Coal 22)j 22'i 22"! 22)a
l'lltsburi-h Coal pf .... 05 0 U 05 05
litticdfleel Car 31. :ti!, 34'1 :)4"
Pressed Steel Car pf.... 05 00b 9U), 00),
Mulcksiivcr ) ) h h
quicksilver pf 1111
By Steel Spring 1 25)4 20)i 25)4 20)i
Hay Con lO'l 2DS 20), 21
Heading I4U)i 148 14fl)i 140)i
Beading 1st pf 8.ri 89 8S SS
ltep Iron A Meet 2314 24)1 23) i 23) i
ItepIron&Meel pf ... 0i bO)4 80 80)1
Hock Island Co )1 2)1 2),' 2)i
Hock Island Co pf .... 1)1 l)i 1)1 Hi
Humely Co 2)4 UK 2)1 2)i
HumelyCopf 7 8)1 i 7)4
teaboard Air Line 10)1 15)1 16)4 15)1
teaboard Air Line pf.. 30)1 37 30)4 37
Sears Hoe A Co 137 137)1 137 137
btL&BKran 3 2)4 2)a 2)4
bt Louis AS K2d pfd.. 7 0 0 0
Sloss-SbefSALCo ... V.0 33 3I'l 33
fcouthern Pacific 88 88Ji 87)S fc&Ja
fcouthrenlty I7!i 18H 17)i Wi
fcouthern Hy Pf 60)4 07)1 57 67
Mandard Milling M C55J 51 C4
Studebaker Co 01 05 03 0,'i
btudebakerCopf 100)1 101 100) 101
Tennessee Cop 3t! 30), 30)1 30),
'leiasCo 137J4 141 138 141
Texas A Pacific 18)4 15'i 15 15Jj
'IWrdAvenua 64)1 54' 63)j 53)4
Underwood Tvne .... CO 150 bO 0(1
UnlonBagAPaper .... (1 7)1 0) 0)J
Union Hag A Paper pf-, 27) i 30)i 28 SO
Union Taelfla 127)i 128)i 127)1 128
United H Imest .... 8)1 8)1 8 8
United His lnet pf .. 241 24)1 2311 2JJ1
UbHubber 04U 66)1 04)4 fUb
U S Jtubber 1st pf 100 100)4 100)1 100 )4
US Steel 49'.,- 01 i 40.',' 40)i
Ub Sleel pf lOrtb' 10(5)4 100 lOU,'
UtahCopper 67)4 C8 ftl), 57)4
Va-CarChem 2J 24)4 2314 24)4
Wabash pf 3) i 2)1 'Hi 2)1
estemilarjland .... 20)4 23V4 20)4 20)4
tttstcm Union .,..,,. v 65)1 05)1 t55 . US
WeatuiEbouse Electric , 78)4 77)4 755 0I,
M'lljsOveilaiid 125 1S0H 124 124)4
Willis OmlamJ pf ,...101 101 101 101
Ut)OIoiln....,...,w.lUH 10b)4 108 1US
Woolworth Pf 11S) UU U6i( llblf
(,uoudbxDtldeDd
COTTON AT NEW HIGH
NEW YOUK. Aorll 6. -Cotton oo'nad ateids;
thT mornlnc, T to 10 hlxber. and -after call
thi aecive ll.i roado a (urther ln. October
rlalnr to 10 or. a- naw niioinn iw ik wi
on, with July allln at 10.22. Murpool M
about 7 Bngluh polati baiter than bad bn
Jxpactell Snot houii Wthfl bait buyr
lo tha local maftal. tn1 Wall "treat auw
bid for cotton with ha South .MUbur. . .
M ' Yea. aloae. Open. Jlh Low CIm-
Mav ... 911 W l S
Julv ' ... -10.06 10.1S 10.24 10.14 10.11)
r&lobar ..10.42 10.&O 10..11 10.48 1U.M
Dwnbtr .. .tat 10. 1U-I? 10-07 1(J-7
jiuuF . 10.1W ia7 iSsi 10.70 10 fi
ffi. . i-"2 iw ,HS
BPOt 9 """
SECURITIES AT AUCTION
At auction li folloelm aacurUlea wer
by aiouel V, Fraaman A (3o.. today"
SS J. a. BrAl Co.. wm , . . .
ZOllarrlaoo Btoa. A Co, prai ,- Wi
J1000 Anf)cn Oaa Co al H. ! H
SPKCIir. MEETI.SQ
ItsS A Brwah t'lMH" ' ana.
" atookholdara er ih CooaollJaled lee
( aValnit lb lnira at th imllia4
uuVtat nmpiy trom nolblor to Thirty
tSum (llW) duinw
THbw "XrtUCR ly.aiuh, Swrtur.
Sales in Philadelphia
r.n
110
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Am lit SuRtr
Am (Ma . ,.toi
Amtrlcnn Mm . fit.
Am itailnnja Rob
Amr Ilwya rtd lrl
HnM In nf. . nil
I'nin Iron . . 41
I'jm Pieel . 4,1)1
t:tu tt 1 A ! .
1 ol rtiel
i:irctrle Sloraee 4S
i:h
(Ifn Aaphali
Inter l t e
Ira Co N Am .
Inp t'opprr
Kes atone TeM
Ijike Hun Corn
I.ehlah Nav ..
I.eh alley ...
Mo IMilllr
Mo K ft T
Net Topper
renna It 11 .
1'hlla Co
do cum irrf
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itratiini;
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CAMBRIA STEEL
IN STRONG DEMAND
Vs!
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Liquidation in Lake Superior
Sent Price to New Low
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I'H i" ta I114S. 1171,
do 1 1 1. mm mi
Phil To enna 1 "in,
do lat .", 111
I1)) Cn rrlp 'in 1)1
do IdlN mi
I'him 1:1 4 -nv,
Phlin nirp ,, in;
t' v a b t 4 n;',
Itendliis Kn la 04'
rtnih Itwy fia ,
Sinnd dan r.. 4m,
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1 11 Its tm Aa r
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ns
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on
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Local Bid and Asked 1
Maldnln
do pr-f
dun Steel
I.'ler Stornlte
Cien n
dn pref
Iv Tel
10 t c
do r-rof
I.k Siiii Corp,
Ih Nnv
itn c
lz-hUh a1lev . ..
1 i'h nl Trap . .
do pref
Ponua. II It . .,
Phil i t:iic . . .
Phlla Ti
do s cr cent nr
dn ll per cnt pf
I'hll.i It T . .
do t i' . ...
HeiilhiR . .
Tonnpah (Irlniont
Tiinopnli Mlnlnir
t'nlnn 'Irartlnn .
Tolled (1a Imp
I nlid Sialen sterl
Vnrk RnltnHv
do pref
Tod
Kid
...as
... Ii'.l
... I.Vj
... is
.. sir.
.. r.iij
.. ti:
. .. n
.. (in,
.. r.u,.
... riij,
. . ;:n.
. .is n-i
i.i
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. n.i
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: 1
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...
Ali.
in'.
Id
$
(Si
II'.
141,
(llli
ll
71
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IS)
nn,
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11)1,
411',
Ycalrrdal
111,1. AaU.
.illU r,s
tm urn
m, IV,
is is;,
1:1 lu
ll I4'a
11 ll'j
ill', I1.V,
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7:t', 74
IVsl, I,')
Hi, I.".',
ill', Mil.
2a; 2 it,
.12 "el
:i i :i i
:i: as
11)1. K1U
ini. up,
7.1', 7S1,
4" 4
1.1
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IID'i
,10'j
7'..
:i2
DIVIDENDS DECLARED . ;
I'mnklln flrr liiMirancc Compnii), rrijiilnr
amlnnuiinl fl prr crm iiijnWc April 1.1 a
rcRlatrrrrt April .1 TH9k1iloo ,prll .1
llnrhlion-Va.ll,(T Itc'raitorlra Comfinn. n-R-ulir
iiihrtrrlj- Hj por cent, on prrfr'trl pm
nldo prll 20 to sin, k of rrinnl April 1(1
Alihlsriu. Toprka nnd Snatn. Co rpRiilnr
iiiailrrii t'j per pern", pant,i ,Uhp t,,
itn, k nr rpinnl April .10
Mutu.il Tinat Tnniiuiiiy, riRUlnr oiMrtfil
'. prr r.."' I'.'Jibl" Has 1 lo utoik of rrrord
April 20
Mnrkcil slrcngtli rtcvcloril In Cnmbn.t
Stscl on the rhllftilflphln. Stock CxchanRa
tills morning OpcnltiR nt 45i,4, ngnlnit
IV,. Inst nlRht'd clofle. the next unle wns
nt 46, and thereafter Ilic price remained
nboie that flKtire. No particular newa
ni'toinpnnled the rlip, but the Mock
seemed pxcppcIIiikU penrce. Thn scrip
as also active and stronir. Klectrlc
Btorago flattery una another firm spot
Meantime mIos of l.akri Superior Mere
lieliiR initdo rather steadily nnd finally
drove the quotation to n new low level at
61,. Tho offerltma Mere anld to be foi
foreldi account. Itapld Tranalt was alao
rather henvv, "herens I'nloti Traction
ruled dim
A Jump of l'j pol))l( iifcurred In I'hlln
delphla ('ompnn, but fulled Slates Hteel
wns In far the most active stock on the
local Uxchntiao. Ilond trndhiR ias brisk.
Philadelphia i"onipatiy B cliniiRed hands
In considerable ritniitltles, and ho did
Standard fSas fis Norwood Klectrlc 6s
old nt M nRolnst !'i, tho Inst preilous
sale somo tlmo nun Market Street Kle
sitted 4s xold nt sj nml United Hnllwnv
Investment 5s nt r,sij Interstate Ilall
wnjs 4s moved up to 1,0, but did not hold
the Rain, lllectilo and People's 4s cased
off
About Ml pet milt uf thr f2,0C0,(10 I'Siie
of Oenenil Asphalt, Gs having been dis
posed "f ptlvntelv, Hie rest was of
fered for sale today at pat nnd Interest
Philadelphia school district 4i,s were also
offered nt prlies to sicld from I lo 4.0J
per cent. Hond dealers lcpoited a. distinct
Improvement In the market for that class
of leflirllles.
NKW YOKK CUItH
Itnnlpii
ltrlll'h-Atiinrkflii Toharrii old
do iicm
(ioldllPld Tonsnlidntrd
(trrpne Tiiiane, .
Iji Here
l.rhlR'l Vnllrv t'nal Snlpa ....
NlnlsslllR
Oils Klpi.Uor
do pref ,..
Itlkrr Itnacninn
SiPrllnR Hum
Toltaprn I'risluela
dr. pref
I'nlted t'lanr Slnira
In prrr
Tnliel Profit new
Uorld I Urn ,
Yukon Hold
Hid Aakad
- Ml; p.
. 2ii no
S 11-ld
..K'.l His
BtllJ 71
. S'H, HI
,. SI, sl
m, l'j
. r.:, :,
. loo Kill j
..id) in
120 12:1
:t ii-tn :
i. ij
2i 2'.
NKW YOIIK COFFEE MARKET
NB1V VOUU. Vprll (1 'Ihe ii.fffp nmrkrt
ip"ned aleadi. Mlth futurea 1 to .1 points
nl.o,e the dnila eierdi. 'IVftdlnn wna iiulel
I'rlcrs follow , ....
Today a cslrrdn a
i opcninR. I'litup.
Mnuli "., KI
Drll Iti8.1.l
i'nv ... ....j nixixii'i n iHfir.ni
lillio . ll 2.1X1011 II21HB2I
.tiny . . T.i.irr7.m 7.-wtf7.ni
Aiiuual . . . r. 7..m7.4ll
SepiP-uUr rf,.., :-;2l-
t'ctnber ... . ; . f -i .r.i w .j
ami'tiifoir 7..TIT7MJ 7 1N74i7r.S
nepimh-;-. .c... i-mi-i !"
.lanuari .. , 0,,.1 ,.nsii,.,o
Kc"ruar .. i: 7.707.MI 7.7.11J7.70
NEW YORK BUTTER AND ECGS
M:V VOItK April n Ill'TTIJIt ..Miirkl
. . . .d.ia I I '. il tin nl.ti iros Psttrii !t11Ln
I hlKlior siiii.hr. :t.M? l-'-je . StHte dalrv, lllc .
tlllllnllon lir.ini"r). --
Kims'. Slnrkri paster, rp'-plpts, 11,002 rjim.
l-.xlin llrata, 21U'.'lt,t
1 B . "9 Xk
i o the Business men
of Philadelphia
Have you ever had near to your business a great
question, vitally important, which has been de
cided by unbusiness legislators against what you
know are the rights of your trade?
Have you felt the futility of an effort against it,
even by the concerted force of your own par
ticular trade body?
Suppose the voice of your trade were augmented
by the voice of a Great Chamber of Commerce
and backed by a thorough investigation by inter
ested but capable and unbiased business judges!
What a difference!
What a difference in your selection of men to
make your laws and their attentive attitude to
your needs.
This Bank is decidedly in favor of the Great
Chamber of Commerce, and it calls on all of its
customers and friends to support the movement
with enthusiasm.
CornExchange
National Bank
Philadelphia
Chestnut at Second Street
Free of Pennsylvania State Tax and
Unit eel States Government Income Tax
New Issue
Washington County, Penna.
41. cc Road Improvement Bonds
Dated March 1, 1915, Due March 1st each year from 1921 to 1934.
Interest payable March 1st and September 1st, Coupon bonds of
which the principal only or both principal and interest may be regis
tered, denomination $1,000,
Total Debt les than 2 of Attested Valuation
Population 143,680
Wo offer theie bond, subject to prior tale and approval of legality
by Meur. Tovvruond, Elliott & Munon, of Philadelphia.
Prices and circular upon application
Graham & Co.
BANKERS
35 CHESTNUT STREET
PHILADELPHIA
Financial Briefs
Nw York burtks nineti JWia.OOO from thu
Subtrcnsury jprclay, nnd Rallied lnce
Inet Frlilay JM.Mfl.
Itotlrlnit (llreclom nere re-olfelttl l the
innunl mertlnir of the Public Service Cor
porntlon of New J ernes
Tlie Chlcmo Hon ni of 'rMtle 4,-a cloeil
toda on nccoilnt of a municipal election.
Cnsh wheat was loner In Liverpool.
Announteiiient nan mailo In Mnaton
hv N V. Hnrrl Co, Wl. lam A. Head
A Co and thi Union Trust Compani, of
rittslmrpit, that Ihe $I.000.1 Indianapolis
t'lilon ttallunv Company general anil re
fundlnp tnorlBanc R per cent, bonds, of
fered eterda, have all been sold.
T'iraldotil William II Diiiime. nf lh(
I'hllajlelpliln Slock HirlianRe, hna dla.
rharKfd llir apeclnl committee of five
which managed pioblcnis that aroae ilur
Imr the lime the exchaime w-aa closed nnd
nupervlied tradlnc The member nf the
committee were. President Orange, laaac
T Rlarr, James U. Wlnaor, ,tr.. Clinrle '
H. llean nnd Horace It. t.ee, ecittr of
the Kxchange.
C. t) Harney Co. were buyers of
Philadelphia Company lluhn sold
The Vandalla annual report showed a
atirplua of $112,345 nsalntt loM.Dl? In 1913.
This was equal tu 08 per cent earned on
the stock. Compared with 3 I per cent,
the previous J ear
The pioductlon of copper last year was
57,001. :S! pound, against 53.674.2i5 pounds
In 1!)13.
At the nnmial meotliig of the Hethlehem
8Ieel Compan In New Voi h today rellr
Insr directors were re-elected Twentv.flve
stockholders wero present
Htndslreet's gives the visible nupplv ol
grain In the I'nlled States as follows:
Kaat of tho Hockles decivaseil 3,ei3,OW
hushels, west of the Rockies decreased
m.OOO bushels, wheat In Canada decreased
48I,0V) bushels, all America decreased 4.
187.0M bushels. Kurope nnd afloat Increas
ed 7.500,000 bushels, world's wheat In
creased 3,313,000 bushels, corn, American,
decreased tW.dnd bushels: oats, Amort
can, decreased 3C4.0CO bushels
MINING STOCK QUOTATIONS
TOS-OPAlf BTOCktf. .. . ,
. M ASH
llm Butler .l .
MsfNamara i ni,.j.nt
Mldnay . . . U .t
Mtrpah Extension .SS. .?
Montana . .. ..TU .41
North Hlar . , 14 .1
Tonopah Helmonl ay, 4'
Tonopah KnurWon . .. . 2i
Tnnopali v,Mrer ,40 ,4t
Tonopah Mlnrn i ?t
lleeue Rula . , ,10 If
t Rnd . ., .Sf
tlOI.UPIP.I.U STOCKS.
Allanla 19 .ll
lllue Hull .. , . . , . 04 .ifi
IdKith .-. .- ., ,2H ,
Ilulldoa . . l .04
COD . , '01 ,0(5
Lllllin YIK! .. ,. . ,wt .on
DUniondfleM B II ...., .z .0.1
Dalay CI .OH
Florence ... .. GO ,R2
(lonKlejd I'unaolldaleit ., u, JJ,,
floMneid Metsier . ,. ... ..31 .lit,
Jnmho Rsienslan .... . t.oa loo
KvnanAa ,, . . IT )
npi .,i... II 13
ParM Ken . ... .OS ,10
Pllver rick 00 ,11
Mlirp.i.l.i VKnttn
Pal.v Altec . . . . ,ta M
Klmherlv ,. ,ns .07
Nevada I f til , . .24 .K
Nevada Wonder ..,,, ,. 1M 2.0ft
W'c Recommend for
Conservative Investment
Among
Institutions Trustees Individuals
Pennsylvania Railroad Company
Consolidated Mortgage
Gold 4lA Bonds
Maturing Aug. 1, 1960
Free of Pennsylvania State Tax. Coupons payable
without deduction of Normal Federal Income Tax
Cloied Mortgage
100,000,000
Secured by a first lien on the Main Line and certain branches of The Pennsylvania Rail
road Company between Philadelphia and Pittsburgh (with the exception of 52.57 mile
operated under 999 year lease from 1R61 pledged under this mortgage); on valuable ter
minals and yards in Philadelphia, Pittsburgh, and other places in the State of Pennsyl
vania, and valuable rolling stock, shops and other equipment owned by the, Company
and used on its railroad; and on the lease for 999 years from 1871, also pledged under
this mortgage, of the railroad lines known as the United New Jersey Railroad & Canal
Co. (excepting a small branch and some real estate connected therewith); and on securi
ties of great value pledged as additional security.
The condensed income accoi nt of the Pennsylvania Railroad Company for the year
ended Dec. 31, 1014 is as follows:
Gross Earning
Operating Expenses, Taxes, etc, . , ,
,..$181,164,822.32
... 146,089,877.83
Operating Income $ 35,094,944.49
Miscellaneous Income 16,697,278.93
Gross Income $51,792,223.42
Deductions from grosi Income, including fixed charges. 17,701,453.60
Balance applicable to dividends, etc $34,090,764.82
Statement of the company's assets and liabilities as of December 31, 1914:
ASSETS LIABILITIES
Koad and Equipment . .81,553,514 Capital Sloe!. 490,20.1,600
Improvements on Leased Railroads Since Bonded Debt and Other Obligations. .. 230,951,641
Junejo.1007 16,294,103 Current Liabilities 3Ji743,6)8
J54Q7,847,6l7 UHerred Liabilities , l7,774
S,nt-in Fund, flnvr.lrrll . -lriQ.jT UiadlUSted Credits 20,221,001
Miscellaneous Plivsital Prorertv 2,0:6,813 Premium on Stock 7.J54.i4
Securities Owned 'and Advances to Aflili- ' Corporiuebiirplii ...... ........... 111.023,04;
ated Companies 350,493,005 -Undivided Surplus (Profit and loss).... 3l.t77.355
Current Assets 67,5091785
Deferred Assets 28,962,921
Unadjusted Debits 2,223.374
Total j;95i1463,o;7 1 lotal . . ., ?95li46j.5"
MacliMlaff 173,184,542, representing arlrtltlon lo property lnee June HO. 1907, paM for from Income aod surplua.
The equity back of these bonds as represented by the capital stock alone has a market
value of more than $5:5,00x3,000 or over 5K times the entire amount of this issue.
We call attention to the fact that while the 4 bonds of the same mortgage at their
present price yield about 4.10; an equivalent price for the 4,W bonds would be 107-4.
Bonds are Hated on the New York ana Philadelphia Stock Exchanges
Legal Investment for Savings Banks in the States of, Pennsylvania, New
York, Massachusetts, New Jersey, Connecticut, Rhode Island, etc.
Price at market (103M) Yielding about 4.309b
Descriptive circular on request
A. B. Leach & Co
Investment Securities
115 South Fourth Street, Philadelphia
New York
Chicago
Boston
Buffalo
Baltimore
Londc
$2,000,000
CITY OF PHILADELPHIA
School District 4!4 Serial Gold Bonds
Dated November 10, 1914
Due SI 00,000 annually July 1, 1925, to 19,44
FREE OF STATE TAX IN PENNSYLVANIA AND OF FEDERAL INCOME TAX
NO CERTIFICATES OF OWNERSHIP BEING REQUIRED IN COLLECTING INTEREST
Legal Investment for Trust Funds
$500, $1,000 and $5,000 Denominations
All taxable real estate In the City of Philadelphia s subject to ta.xation for school purpose, '
and a tax lias been provided which will cover all interest and taxes on this issue of bonds and pay
their principal at maturity. .The basis of their security is' therefore identical with that of all issues
of City of Philadelphia bonds. '
The total funded debt of the, School District, including this issue, is S 14,676,500, while,
the assets include a Sinking Fund of $1,868,646,36, and property of an estimated value of
"528,000,000. . -
The leplity of this issue has been approyed by John 0. Johnson, Esq., an4 a copy of his;
letter attesting this fact may be had upon application.
Prices to net 4.96 for hort maturities to 4,02 for long maturities
REILLY, BROCK & CO. '
BANKERS
1
306 CHESTNUT STREET