- --fey! ZfTvJ
ifcimWitifHW
.jyi f - -j .MtwiMJy,;? 4BV JW .lyw-al
T
EYENiy EBDgi3B---PHTLAIlDLPTriA't THURSDAY, APBIIJ 8, 1915;
ft - -
f IDE ADVANCES SCORED BY MANY SPECIALTIES-RISE IN UNITED RAILWAYS BONDS
pAP IN BETHLEHEM
PAHD GENERAL MOTORS
.. nt sfnn.lr Dividend bv
Uttiora u ; -
iBoth Companies otuiiuiuu
Itist Neglected for Specialties
YORK. April 8 -Specialties occil-
In a Inrite
WB.L ire ' -r the stngo today, and
lfij.l of the ninrket wns In a large
l&K. nenlccted. although tho tono
ir 4 on of the lack of Interest In .e
Acu? York Stock Sales
kat close, lllnh
liuitwllon
' -A after the openlnR before a trnns
J,,f" n made In either HcmllnB or
Scuon was mnue .. ...ecnl.
ER'0- rapid, and several got Into the
.r'li.M at one tlmo with ciemanu u mo
jimelght at one n from iraiUtB
Gains ranged from
moio tium
of in,
on the
compnnv's notei
tn, TT.Z doeculators Gains ranged rrom
Mi front specumi" , .,in tntlpr
',r?rti0?n Bethlehem, wMlo many Issues
, motor Troup showed advances of
la tM w?"' ,. Tho advancliiK
W.mnt In heso specialties caught tho
rtf?f the market, and the trend was
in.nylng'n advance In Bethlehem
SMmnTn ot nearl SO'ft point- to 117.
T wns tho report that tho company
Sitawwe the -apltnt Block l.J a Hi-go
tV dividend This rcrort caused a
KSk B for the stock For a tlmo
M'uDwTrd swing In the companv's com--tt?.tt.p.i,
raimht the preferred and thrive
Si 7 colnts, but 6 points were later
rnvcrlnff of shorts In tho common
& "" a, realization of the fact
S iiT. company has received a lnrgo
(mm of war orders, placed hero nv tno
ft?,'. La which are said to bo In cx
AI1" if MC00& Tho stock .iropped 12
lntiflttne Close w ij "" ....,'...
Pr.f .. n,i anpcu ators.
Kd only to Uethlohem v.nt General
"..:: it, nn ndMinco or mo
Kt U. a ne hlKli rcco.d
ii.? rawing Thc advance was
liter B5 ,. comnnnV
l."'V... . .n,.,i tinder the plan of pur
lr!.. Minced recently theie will be a
SStintlal stock dividend, which will be
Slowed by the Inauguration of a 10 per
cent, annual dividend on thc common
f'll,'... n.rlnn,l and Alllo-Chnlmcrs also
.,.,. ,w hlch territory nmong tho mo-
Itw irrmip, '" which the principal nttentlon
I, riveted throughout tho lav A i so
In the former of neailv B points ""is
ticd on record-breaking orders, while
'.i. toii.r swung upward foi the samo
heison. although orders are not being ic-
celved oircci, uui unuusn .-!.., unu
'Allls-Clialmers preferred was up 7 points
i sn. time.
I?The market closed weak on realising
is)M, many issuus going below the final
of yesterday.
JReaduiB sagged becauso of rumors that
tBe Iiuerfiaie i-uilllllt:L'i: vmiiiieoiuii
nnM hind down Its decision on antlna-
fclte coal rates before tho end of tho
preient -weeK, anu mac u vvouiu oo un
favorable. This stock was also sold In
Mme amounts from Philadelphia.
BTbadgold Imports are not yet over wan
Indicated toaay oy me uiiiiuuni;uiiii:iii. ui
tie International Banking Corporation
iti? engaged In Yokohoma, for st ipment
lv Friday's steamer. $750 000 cold This
Bikes a total of approximately $13,000,000
loU'shlpped from Japan slnco tho start
of the wai.
fed'.
W
01W
P5
13
fOS
MJi
12
ATM
f4i
tOMi
4!l
100
109
11)4
lit
Mi
MH
:n
1UU
29
tn
Adam Hxprcts gojj
, '?'" "nej 35
AllWChalmers n'f
Allls-Chalmerspf 43
Amalcamaled Copper.. 01
Am Agr Chemical 52
Amlieet Suear... 4514
Am Can 31
Am Can pf pa;
Am Car&Kdy 8
Am Coal I'rodue 1 p.-,
Am Coil Products pf . i00vj
Am (olton Oil . s(
Am Impress 93
Am Hide & Leather. .. . ttii
Am iiiuo cs i!aprer. ... 2(1
American Ico 3oj$
Am I.lnseed 10
Am Mneed pf Rolf
Am Icomotlva jjiij
Am Icomothopf io)i
Amsmelllns i,7j
AmSncar icsu
AlnTel&Ttl 1111
Am louacco...
Am Tob pf ne
Am Woolen hj'jJ
mu tiuoicnpi 1,0
Anaconda Copper ;tijj
AlchUon looij
AtchTASPpf 08j
Atlantic Coast Lino. ...100
Halrtftln Loco is
llaltlmoro&. Ohio ";
Ilalllmore & Ohio pf .. "OH
Ilellilehem bteel 37)4 117
Hcthlchem Steel pf lotl 113
nrookijn iiaprran.... ')
IluttcrlckCo 2S'
Cal Petroleum.. ...... . ju'f
Call'elrolciimpf n
Canadian I'acinc 103'i IC.'l'i 1M
Cent leather Co ;tu! g .7 .'Mi
Cent Leather Co pf ...102J; loj'j 10'j
Clies & Ohio 4g .))'j ij
Low Cloe,
01J5 0IH
3. MM
11M 12H
41 cO
(3'( f!4
Sl( 52
II M 45M
31 32Jj
O.iM I0!j
ASH ASH
IKS t0'
10') 10')
48 40
, 0.1 01
5U r,n
iSH 31
30!n 30)4
10M 10' i
20 29
30M 3IM
8') M)
07 (jS'f
io ins' loss
19 S' II)
2)0)f 230 2i0U 2MH
107M 107JJ 107' 107'
Mi
SI
31i
101
H'J
10-.
.1!)
:-2H
Vi
U)H
30
104
l.-l'i
10S 10
1 81
.,0'i 31M
10(iM 101
IteJt
10'.
38
7.'i
704
8S
107
SD'J
.0
10
I!
( hlno Copper
thlc.V. Orcit Weit .
Chicago Ot West pfa
Chic Mil.1!. M P ....
ChlcMII&Stl' pf ..
Chic S. Northwest ...
Chlcaso H 1 & Pacific
Coll'ucl . Iron ....
Col& fcouth
Continental Can ....
Consolidated Gaj ...
Corn Products
Corn Products Itofpf
Cuban-Am bujar ...
Deere X Co
Den & Itlu (Irando ..
Distillers Securities ..
L'rlo
Krlelst pf
i:rle2dpf
lOii
.. IL'4
.. .(.'
.. blih
..l'.'O'i
..12h
. 31 M
2I'M
.. 30) i
.. OJ
..121M
.. ll'l
.. 7.1
.. ,V)
.. SO
.. ,4
tM
,..27)1
.. -i:n
3IU
IcdM .-Spf 31
104
12'1
:h
90
I20M
128
a.'M
."o
(J1U
121.4
n't
-:t
Ml
S(i
i'i
7
'-Vi
434
31
JIM
Vi
1184
JiUH
12
3.1
89'f
12U4
128
30
L04
.!1M
02)j
09
IOi
30
724
704
ID",
l(-
8)4
30
10
13
101
04
1024
414
314
124
314
S')4
12(1)4
128
304'
2'i3i
32
01,4
NEW HIGH PRICES
ON LOCAL EXCHANGE
United Railway Investment 5s
Lead Rise Storage Battery
and P. R. T. in Demand.
1214 1214
11M 114
7.) 7.)
00
so
so
4
14'
yNew York Bond Sales
llleh.
,10
,.10l'4
..10J4
. M
. ti'l'l
. I)lt
. U-IH
..101-ij
.ltio4
2
. 78'k
. WITi
101-hi
lOIHt
.. KN
.111?,
1UI'
. nv.
..101
74
uiK
lKDi
IMcS,
c 3a ret. 101Tb
h
Alaska Gold cv Gs.
MX) Amer Cot Oil 4'as
WO -vmer Hide & L. tin
UOO Amer hmelt Sec 3
TOM Amer Ttl clt -Is ..
TWO do cu 4U.u . .
2W0 Armour Cn 4isq
IWX0 Atchlion cv 4s 1033
EUXX) do cv la 1DU1
aMOEalt i Oh c 4h .
P400U Beth bteel lac S3
huuj oo nil nn . .
IU0O Srook Hop Tr I'i.i
VXU do Ss lulS
llUM Brock Un Ulv'lst 4a
iiwu wem uuincr 1st 5s
auwceot l'ac 1st 4s
two Cent UK SJ in,
lWUL'hes it Ohio I'. a..
10CO Ches & ohln .-,a
81)00 CM & Bast 111 Ss
lOOtl CM & trie 1st .13
lCM Ot West 4s
10U) Chi &. Nwn Ken 4s
lWOChl X, Vwn r.a 1(117
J-jWJChj 111 Q joint 4s
fcTOOO Chi II & O cen 4s
JOWO c M & St 1 c 3s
JWM V il & Bt T fll 4"4s
lDui n v jt i RAn ,i n
imcinpB Is "
"W col & South 1st 4s
MWCon Oa c Cs
1000 Corn I'rod ns . . .
JMO gen fi mo Gr 4s .
7000 IVfrnl, lTnlta.) 1L-
HB B' Secur Corp fis ,
ilSnE". Pont rod 41SS
100 Erla conv 49 Ser A
Sx: rl8 m ser 13 ,
lQOu flm ri. niLa
8000 HlM Xffln In K..
ISW) Hud Han tW n
iJS2 i?. Central 4
aBffiS.n,!,l.,.w 4s
toM 1m Cop C OS
'iSSVUMl Met 4(,b .
&a!nb H T ref 5s
ijSK ;er aier oiar 4Ha ,
IJMOInternl Iarer cm .'
JMJjpnew Oer sta 4'is
it,i
1L-Jt
.100
.Jo?'4
. 37
S3?,
1144
101
. --'.
7'i1
47i
(IV.
I43
2111
3 ... 741J
1,1
M?i
fillV
OO'i
ltiih
78V
l)H
40
811
7054
S5 H ft M T Rs
$ ii ft MT 7s
H "Ion & Bt L, 4a
MOO do cv Rs
an SJ "L.l3..'0"
v; .--"" '
iK r!"?t
411
mi
100?i
tSC
IM w i ii ' H ....88
fiffly F.,& "d U3 w Y.J00J4
'" . Bl
rzrf X U H :iL.o
NYC& h'ju.
k K y. Ot 4s 10S7 . 031?
DDK
1015,
SN?J9lr.l
LT u IMS IIIMM
Lon.
1-UTs
1UU,
101H,
8S
II)
UHi
IIJ!
101s
bb
lUO't
SS
7S'4
W)4
1011.
JW'4
PS's
87.
11 1
10-lv
HS4
01
leu
7(i'4
IWJ4
lion
Ull ll
fll"j
101.
8SH
100
88',
Kt$
1U
1UI
74 H,
7
4IW.
88 jj
llMi
IIS
82
741J
-ot
74'4
III
r.i
8lli
003t
119
7S
PT'i
40
Ml
Til?i
78
1MI3J
1-"2W
KKI
l'.'2's
107
r.u
71IH
7H4
4114
III
nil
1007,
02
n.4
MM,
72
87
ioog
80
83?
3'J
Il'Jt.
104,
Close.
1.10
10014
lOJJi
ss
U04
U1J4
10l"u
b
luu4
8'J
mk
lolA,
1004
w
87'
ni'js
10.) s
118 14
U5-4
101
70W
Ull,
HO
uij5
ioi44
bS?
11X1
88' 1
m
ni'i,
mi
&
(i
JSM
7454
2111.
741,
114
34
804
!Hi
IIS
40
80
"!
7S
7-JU
1C
1 !));
12J,
11K)
1."J'4
107
r.7
711'?,
TOVJ
ft
411
Ull
OT,
D.H4
,'- i
KIS'I
.1,'
1024
MX
97
1U
014
04
385
04
2S4
(len Cliemlcal IS",
General Klcctrlc 117
(jeneinl Motors l'fl'j 11.1
General Motors pf ....10J 101
(joodtlchCo lbH
(JoodrlchCo pf 101
Great Northern pf 1174
Gieat Northern Ore. cts 314
uuccenhelm Lxpl'n ... .'44
Intllarv X J OS
Intcrboro-Met lfi
Inteiboro-Mctpf C8)(
Intctnallonal l'aper ... 04
Int Paper pf 384
Int Steam Pump pf ... 7
Irsplratlon Copper .... 2S
Ion .1 Central 0
Kan Cltj Southern .... 25 2IU
Krcseco 12114 124
Krcseso pf 10S 108
Lack bteel 31 ..0
LchlRh Valiev 1374 1374 1374
Loose-Wiles Ilss 2d pref GS 604 G04
Loui!,&NashviJJu 111)4'
Mackay Cos 704
Maxnell Motors -154
Max Motors 1st pf &5
Max Motors 2d pf .... 3951
May Dept Stores 48
May Dept Stores pf ... 00
Mexican rctrolcum ... 094
Miami Copper 214
Mlnn&StLouLi 114
"7 if
43
31
314
192
1184
1124
1CJ4
514'
102J,
1!
34
314
190
1474
13,i
1034
IS
1024
1174 1174 1174
S.4 314 31
C, 1 ou;
1)7
154
C8
14
S4
0)3
28
no:
774
404'
54
404'
47H
00)i
714
2)3
174
42!f
144
1174
524
134
07
154
08)S
94
3S3.
04
284
7
214
121
10S
.10
1374
004
1194 119).
77 774
IS)' 404
fc5 85
A number of new top prlcei for tlio
present movement were eitnbllsbeii on
tlio I'lillndclpbln mnrket IIiIb nftemoon
Lllcctrlc StorflRc ISntlery beenmo quite n
feature In the lntojdcnllimi, advancing
n point
Betlilcliom Steel followed the pyrotech
nics In Vnil str..(,t, openlnic nt 92 and
then Jumping nbovo par. Heforc the
cloo 111 wns bid for It.
Activity and strength In tho I'hllndel
phln Computiy group of securities was
ngnln a feature ot the finding In the
local exchange todav l'hlliidelpliln Com
pnnv common went nbove J7, making 11
new high iccord for the present move
ment, but did not hold all of the gnln
Meantime, I tilted Itnllwnvs Investment
5s, after opening nt 624. iiRalnst 61, Inst
nlghf closing qiiottUlon. on tho next
solo Jumped to 614 Thc ilse was estab
lished on the purchase of onlv $3000 Later
tnej icnctcd a fraction. Philadelphia
Compan Cs sold at SI
Better demand wns also noted for Cnm
brla Steel, fulled States Steet and
Hapld Tnnslt The latter's strength at
tracted attention because It lins fulled
or late to lespond to thc generally Im
proved aspect or the market Todav,
It wns said, that a block of stock In
liquidation iccentlv had OnalU been taken
care of Union Traction nlBO Impiovid
and Mnrket Street IHevated bonds sold
at !U Lehigh Navigation was In light
request, deplte the falling ofr of the
Lrf'hlgh and New England's anthracite
coal tonnage duilng March, the total
originating on its lines being on4 1G9.1D3
iuiis, against i'dj.m tons In March 1911.
U.inkeis n ported nn enslei tcudrticy In
the moncj mniktt today Commercial pa
per of the highest grade bus been taken
us low as 34 per cent, but foi very short
mnturllles The prevailing rato Is still
14 to 4 per cent. Out of town Institu
tions nro doing vers llttlo at this time.
Call monev is onlv In light demand and
obtainable ns low as .14 per icnt , al
though the so called "olllclal" rate la
still 4 pel cent. Hankers, however, stated
they would not be surpilscd to Bee the
quotation lowered.
Local Half-hourly Sales
10 to 10:30 A, M.
lOO Cam Hteel . 40 ICO tnsp
00 l,nto Run Cor Mi 1'onr
M t.flt Vnl Tr.. Ill 20 Cam Steel
.V) v B Slecl .. 49 .10 Klee Slornge
Ion liko Sup Cor
(ki l'enna
" Cam Steel .
In lo.
2 Ponna ...
.7) Cam Steel..
1 do . . .
Ion i:ieo Stor.iRe
.1 1'ennn . . .
40 V Steel
CO tin . .
10 do ..
2H Penna .
211 f S Steel .
1(1 North Cent..
11 f S Steel
f, Kevctone Tel. 14
., lo Pfil I,t
too i.iee Htornge
20
do
14 10 Mlnehlll
4(1 IfO Phllft Co . .
411 1", rennn . .
tVWs loo Cam Steel ..
Id'i Kni r.lee Storaiie.
4(1 1,1 Lime Sup Cor
4ss. 3 ienna
MS in Phlla It T t c
40 k, nn V s Steel
4II,S Ml lMec Storaiie.
1114 110 Tonoinh Pel .
MV 10 Phlla Co. ...
4I)S 12 Cam Steel
si 2,1 1 h Mieci
r 2SH
VI 1110
40'i
40
4D
IS'
4il5
411
3),
MS
10U
411 Si
411
4'i
41!
jut?
i K 0 Phlla HTtc 10
,4 20 r 8 Steel 4'iS
i. 14 1-eh Nv.. . 714
4S-), 40 Phlla Co . .17
nos'Ds
1 ol Spanish Am Iron ls .... ... 101
2CKI Kevstnne Tel Int 3s Dl'i
40110 Phlla Co eons to 81
khi t'n ltu.in inv .s (3"j
Ki 1'n ltws t c 4s 744
10:30 In 11 A.M.
10 V H Site) .. Pi'5
10 !.eli NftV 74
7.-, Phlla 11 T t c liifi
2", cln... . 1H1,
10 lietli Steel .. 11:
100 U S Steel
10 I.eh Nov. . 74
7., Klee Stornne. 41)
1 I.eh Vo.leu . dS'
:oo Tonornh Hci
l'ennn
4 )?; too Hay Cons
ilON'US
10 O I eh "1 rolls 4'as
J(0O I'n ltwv t c 4
201111 t n Itui Inv As
(IKKI I eh Vallei CosI 5s
11 to 11:30 A. M.
fin Klee Rlorane 4!Ui 10 Cam Steel..
11 i.en ,av , .. ,4 iihi r s htee
i lapo Kinmqe -ui'4.
Hi Pnlon rrac. ?.',
I110 Anal Copier i!4S
20 Am Oa . .1(12
(0 Phlla Co . 17
101 P S Sleel.... 49'i
4 Phlln Trar. . 77
100 V S Steel ' Jn(
I-. Phlln HPtc 104
11 Prima . ... MiH,
PONDS
1(110 I.eh Nn eons 4'is
I-', cim Slel sTlp HUH
44,
sr
loo
11 P a 1
14 Pennn .
2i I.eh Vnlles.
in !' (I I . ...
40 Cam Steel
1 iln.. . .
ao Itelh Steel
I Phlln Klee .
20 Tonopnh llcl
. Ifl'4
74
01 14
.K).14
464
4in,
s(
01
81
411
101,
lIMj
'
2l (0 Penin (nss
no riilln nice
IMS.
.. I)7
..lOJii
net
11:30 A. AI. to 12 M.
2." Ne Cons ... ITS '.'0') Tononnli
2" llvndlng 71 .'-HI 100 Am Copper
40 Phlla lllec 2P,
BONDS.
ico Phlln tSlcc Is
lorn I'hlls rie 4s
2000 Peiuia eons 4ijs iniX)
:..!
. 7I'4
. 10 TJ
GRAIN PRICES FELL
IN CHICAGO MARKET
Commission Houses Sold Sur
plus Stocks nnd Demand Was
Very Light.
CHICAGO, April 8 -With n small de
tnand for wheat and with selling supplies
of surplus stocks by commission houses,
the wheat mnrket sold off at tho open
ing todn.v. Added to this was greater
realisation of the Government report
Issued csterdn, which forecasts a
bumper wheat crop, and probnblj tho
largest In the countij's history Ma
started with a loss of 14 cents nt $1.M
and dropped another half cent In a few
minutes July lost "4 on the Ilrst few
sales, selling at $1 21, and lost a hair
cent more In the later trading,
cent mote In the later trading. Support
ing urders wcie put out before the close
and tho marked recovered from the low,
but prices weic still below the final of
veslerdav. Mav allowed a los of 14, at
1,.U, and Julv at l ii, a loss of a half
cent
lilirlng the last week the in Ico of
wheat linn advanced moderutolv In ling
land nnd the present high prices are a
great Incentive to farmers to inle laigc
ciops, hut the war conditions make this
accomplishment veiy dinicult statistics,
foi the last 10 .vears show that the actual
t'nlUd Kingdom port stocks nnd floating
wheat stocks to England ato smallest In
hltoij.
Leaning futures ranged as follows
Vesl'd's
vvne.it open inin
Ih . .. i;.l 1 .".IM
JuU . .. . " 21V4 1.2-jt;
-eiuemlier . I (Hi 1 oS
torn (new ,lilUer)
Mny . . 7. 72H
Low Clon
l..,J' f '
In-
1 r.4V
St7t?s in Philadelphia
24!
121
10S
M
TXX
in-rf 00 4Un innj ,.ir '.vi
SS ft i& y .S9ST. iKf iSft
50 NT n4.". ''.'"'. 'Q' V7 l'H4
WOO M i"' Klli
ITa m i1" H (Ij 110
tou'w d.l . 5 s4
iSS5''wert4.-".o5K
JiKlSia'a0' '"::-S
gHcllle Tel is ....
IM "1 9n Copper 6.
.,."." am Rlif
-"'yy neadinv -.!--- .:--? Y'lt
!--;- 4,5" -IS. Wli Ul',
Lr
IIP
00
too
,10f(j
ivi
tl
STli
lrow
go
s
IIVV,
mi J,
104
m
1045s
rfi
II 8'J lOS'i
110 110
72(1 72W
BIH, sots
108 lOblJ
tWl 11(1
741, 71W
IK! flBVl
OM tr-'lj
UV 111?'.
K OO'i twji?
v, low A looii
nn , r.n.T
U4 lHJa
lOOVi 100V4
07 07'5
laiti laTi
07
loiu loiii 10m
S7',I 87W 87'1
114 113W 1134
nin Rtu nit?
teST.- ...S8
Who
1B;.KIiils-Soss ...
Ult
ta
T2
MS
tio
SSii
ant
114
72H
K1I
Mlnn&StLoul3 pr ... 30
Missouri 1'aclflo 1S4
MStP&bSM 117
Montana Power 524
MoKan& Texas 124
National Biscuit 1204 123
Nat Cloak X, fault 704 704
Nat Cload i. Suit pf ...1024 103
Nat Enameling & S ... 124 13
Nat Lead L3 03
New York Air Brako .. 70 704
Nevada Con 134 W.i
NY NH& II CO C04
Now York Central bf4 804
NYO VVcst 284 284
Norfolk & West 10 J
394
474
004
G04
214
144
40
134
1174
S2
124
1214 123
75 75
1024 1024
124 124
304
474
004
704
244
17
42
134
1174
G2
134
Vca c'ore.
-on Anml Cupper
41 Amer Ons .. Ull7,
0 Mil lluiH IDS
"(I Ht 111 Stftl S7
.11(1 Cam bteel , 4(1
11" ( hi Ot VI 1 si
ll'l nieclrl, StoniBC 4Si
.'". (,fti Anph,.lt . HIVs
(len Ai ' ihult if. (14
10 (li'ourlili r It
-0 Ins Cn N Amer 21 ij
100 limp copper
.", Ke Tel Co . 14
." Key Tl Co to pf 04'4
S7fi Uike Sup Corp. .',',
,11 I.ehlxli .Vav . . 74
10 I.ehlirh Vnl ...0S",
Tr
Cent..
HI
K'
,13"
:mv
124
70
134
504
b54
284
024
70
134
C04
804
:a
1024 1024 1014
Northern Pacific 1074 1074 1064 1004
1'aciilcMail.
Pacific Tel & Tel .
I'enn
Peoples Gas
Phlla Co
Pittsburgh Coal ...
Pittsburgh Coal pf
Pressed bteel Car
20 214 204 21
. 27 284 2SH 2M
.107 1074 107 107
.1204 1204 1204 1204
.. 734 75 75 75
. 224 23 23 j 23
. B14 !M 04 04
314 31 i.34 134
12.-, I-li Vnl
in Mlnehlll
HI Northern
!'. .Vei Cnni
.isil Penna
211 Phllu Co
ir,n j'hliu Ultctrlc.
SJ", 1'lilU rt T tr ct
I Phlla Tract ...
20(1 ltumelv ....
ll t! iyn Conn . .
10 Undine
7(0 Tonopah Bel.
10 Union Trnet .
Ill United Gas Imp N.TJ
ni. J . TllUI . ... Itr
1W) orK Kwy
2 f;
10'4
7(l'i
71
-
.l',4
!
IllRll
(,n.
1(12 1 4
1 ('()',
4(114
12S
41l's
jii'1
rS
(,4
74"1
121
111
r,-,u.
si
113.
..!,
.17'i,
21
u
'hi
4II'
Low
I.I I
10J
.11
li.'
411
1-,J.
m
(,i
$
it:
iH-),
Tl',
(iSSj
111
mij
M
l,)i
iji
2.it
W
, 1
4
21
7iV
44
3TV
M
4i!W
,74
Cloge
0-1,4
lOJU
.'II
1101,
lll'.j
li.,
I'l'j
2
111
4SI,
214
2SV,
114
i',r4
r,-.'4
S4
ii
MS.
17
10'.
21
M
40'
Tti
12 M. to 12:30 I'. M.
l'ennn M, 20 V H Steel.. 401,
Ke Tol UI 1,1 i 2 l'enna .. .1.1 U-lil
DON'DS
M West N Y & l'a 1st .Is . ... 102
Julv
eiilemlicr
Oats
.Ma .. ..
Jmv ..
f',tember
Lard
VI v . .
July .. .
t. e nt , r
tllllis-
Jllly .
u lC ,H I
I nrlc
Mn . .
Iul . .
Septoriher
1.21i; t 22 tl.i-J'j
1 0X4, 11 ,"(, tl (I'll,
72
nr,t.
m
. ,17
. M'
I'!1,
Ill 10
1012
II III
17
17
17
ilitl Aslvi.u
.11),
4II,
in 11
10 40
11, HI
,0(,
1011
11 II ,
17 I'll
17.7'
IS (10
.VI 4
HP
111 to
10.12
111 10
171,
Ml',
lll.
Ml 12
10 "17
10 irj in
10 in
in. o
FINANCIAL BRIEFS
1
II 111 IIMIII ll'l."
10 27 10 32 10 21
In .",', 'Ill III till .1."
10 07
17,.'ll
17 10 till '17
17.11.' 17 10
17 02 1177
S'
?Ji
12:,10 to 1 P. M.
0 Tenna .. .13 11-10 100 I-ake Sup Cor
21 l'enna ..II 11.111 LMO Tononnh Ilel
100 ltumelv . 4 HMt I' I! I .. .81
20 do II 11-10 100 1; s Steel .. 4in,
.1 (!n Vni, nrd (1 4 l'enna .. .1.1 11-10
10 Ooodrleh II r JSiJ 11 Ueadlnx .715-111
21 l'hlla Cn .. 17
FIONDS
100) Mnrket ht lllv 4s
J'Kio Mnrket ht Llv Is
loco !.-h Nnv coni 4t-js
02
02
yili
1 to 1:30 P. M.
.-0 Ton Bel.,
loo Itnmely
100 r H bteel
2 l'enna . .
5 r g I .
1", F'enm .
4 11-1(1 20 r.lee. Storage
iVi 20 no,
40
40
6.1O0 A O & n
DONDS.
Last prev.
sale, lllsh.
Si.... Mt4 Rlli
Low.
8.1'j
121 Cam St rctlp 'HI V1V, 07b ll"rn
110 Cam Sll scp 1017 fitlii nuu iwu
lnoo n P Tr 4s. 704 70S 7(ris
20fW Key Tel
itcsi i-en .N'
1st .Is 01'',
eon !".,. :m
000O Leh V Coal ,1s 104
POOD I. N Coal ris 101
:.O0O Markot St ni 4s vi
2000 l'a com 4s 10IR 071,
UWI J W IJ t C 4s 0714
120H1 ra ens 44a 'LO.IOI'J,
4000 l'hlla Cn coni .Is Rl
(JIOO l'hlla Elec 4s T)U
100 do Ss . lfli
iron Hiih-Am I Os. .101
.11100 Un Itvs t o 4s 71
ROOO Ln rtw-v Inv Ss 02
1000 W NViPlst BslO.'
10.1',
02
07H
074
101
SI
R04
102 b
101
74 Ji
014
102
no
O.HJ
10.114
103
OJ
n-,
071,
Xk
70 1
102K.
101
74
.'4
102
Close.
R,V3
074
noij
Til's
nib
Oii,
lap,
10.1
02
07',
074
101
II
Srt'i
102'.
101
71
01
102
NEW YORK CURB
Pullman Co 153H 1534 1534 1534
Quicksilver
yulcksllverpf
Ily bteel Spring pf
1(a) Con
Heading
ltep Iron & bteel . .
Hen Iron A Heel pf
Hock Island Co 4
Hock Island Co pf .... 14
Humcly Co 3
ItumelyCopr 8
fceaboard AlrLlns 154
tcaLoard Air Lino pf.. 37
4 4 H H
1 14 1 14
S3 87 87 8
204 204 204 204
1404 1404 110J4 1454
214 24.4 244 214
82 bd4 Ml 4 82
H
14
5
134
104
41
'4
14
24
0
154
38
4
14
44
114
10
11
fcearsltoe&Co 1384 1404 1384 1334
37
2Ji
17
t84
174
57
70M
024
10JW 101)5 1014
314 30?i 3i;t
142
154
534
66
04
30
37
3H
17
b'J
184
57
704
ftlH
37
.1
17
884
184
57
704
1M4
143
164'
544
00
04
30
1424
154
534
CO
0
30
it)'.
out
IlKil leuT
mv, iw!i nail
Crtlf C,l7 trt"
tSsss ?'' m ?
wit ft. ,--.- w us 1u.11 vrt vi iiiJ
!FJu,K,,t..?S': Tirra 8S
Jlril At a n.uT j.
.Onl Ave .,11 :
r .ubrler m -
ft
nog
no
''iril. k
rT3Ha"B:i r.c.? 9!
h o Paq cv 4a
feS10.?....?. rfd 4.
IKSB&&.
im .. -. - iu !. n
;i"
Wl
KOK
IK)
00
004
RIU
7W
102J
10111
00 i4;
78
lot1
iukh i.t ; rv f "' 0"
SoPRSucar 41
btLA. S Iran 24
St Louis boutuvv est .... 174
fcouthern l'aclfla 80
boutnrcnlly 174
tcutlitrnKy pf 504
btandard Milling pf ... 704
btudebaker Co 024
btudebakcrCopf 102
Ttnnesseo Cop 304
TciasCo Ill
Texas & Pacific 154
Third Avenue 544
Underwood Type 00
Union Bag & Paper .... C4
Union Han i. Paner of.. SOW
Union Paelfle. 127f 127 12G4 127
Union Pacific pf 804 804 804 804
UHUndlAlchotpf.... 704 70 70 l
United H)3 Invest .... 104 114 104 111.
United Rys Invest pf .. 284 304 20. 30
Ubllubber 074 1,04 074 CO
U 6 Hubber 1st pf 108 109 10S 100
U8 bteel 404 504 404
UbSteelpf 1004 107 100 1064
UtanCoppor 574 68 57 67
Va-CarChem 254 254 244 241.
Va-Iron Coal&O 42 42 42 42
Wabash 14 14 14 H
Wabash pf 24 2K 24 24
WelU-Fargo Exp 044 03 08
Western Maryland .... 204 8 ;" $
Western Maryland pf . 39 30 30 39
WtsteraUnlon 05H 54 0o4 "o4
W tstlngbouje Electrlo . 70 7b( 74 74
Westlnehouso E pf 63 00 go
viujuvwiana 127 134 If "4
Willys Overland pf....!014 lOJjf 10.'4 102
iVooiHortii ...luuij wt
Quoted Ex Dividend
llrltlsh-Amerlcan T old 17'J
liritlsh-Amerlcan T now is
Goldllcld Cons 1
Grecno Cnnnnea 20
I.a Rose 1 j
I.ehlgh Valloy C'l Sale 100
Niplsslnn OJl
Otis Klevntors foi
Otis i:ievntors pret ., 894
Ittker-Uegeman , s
Sterling (lum 3'i
Tobacco Products C7
Tobacco l'roducts pret U!)
United cigar mores , 1104
Did Ask
United Cigar Stores pref ...
United Profit Sharing new
World Film
Yukon Gold
..Ill
1R41
103
7?"
01
J
101
4V?
2
5!
noNDS
loom l'enna eons 4'is 1000
1000 Am O.is nice ,1s .,
1000 t'n Hwjb Inv .is .
1:30 to 2 P.
2,1 l.lee Slnrnse. 41i
0 Phlla KIcc . ?3
imi lork Itw 7.
10 riec Stornue. 40V'j
10 l'hlla r.lee .. 23'n
10 licth Steel 100-h
DO.VDS.
.moo Am Gas & nice ra.. .
1.0O0 I 11 Ilvvjs Inv .Is ... ...
II Cam Steel aerip 1017...
rooo I.eh Vnlto Coal (Is....
4J I'nua co scrip 11,11.
I'i'v. .10 Lake Sup Cor ,1j4
W) Ull do .Vi
l 20 Elec Storoue. 4'IX,
.101
. 01
M.
100 rhlla r.lee .. 23',
.10 Am nv .... 31
100 Chi Gt West. 12
1 Am Gas .... 102
100 Ijike Sup Cor 5
100 l'enna .... m,
. R.V
.. 1
.. 004
..103'f,
I,,
4 1 l'hlla Co scrip 11110 05
2 to 2:30 P. M.
10 Am Gas. ...102V, 10 -Klee storage
Co
nHt, Copier
85 Welsnacn
1(41
s
.15
RON'DS.
1000 Illec & Teop Tr 4s.
10U) l'hlla i:ioc Is
,100 Am Gas .V. Hlec Ss.
10 IT S Steel.
6 Union Tree.,
4TJ
404
30
76
7114
854
2:30 to 3 P. M.
ion Phlla Co
50 Loh Val Tr
10 l'hlla u
100 do
40 do
18
.11.4
, 37
no.vns.
75 Cam Steel scrip 1017.
1000 l'hlla I ico Is
20U0 Phlla floe. Is
20 I.eh Vnl Tr .
300 lJiko Sup Cor
20 ii'enna
5 Am Gas.
10
54
1-10
102 V,
064
794'
COTTON
Vtrw TOrtK, April 8 Thcro was an easier
tono to the cotton market this morning, some
Southern foiling nnd a good ileal ot a
Street liquidation being In evidence. Call
nilces were Ave points under last night's
llose. nnd the market declined further to a
net loss of 0 to 8 points In tho first 10 mtn
files. 'Ihoro was nothing of Importance In the
nowa, but tho general opinion seemed to bo
siat a reaction , u""", wuc
Yes. close. Open,
1 Of
ons
10 3S
10 53
10 01
10 77
Mnv 11, 1
July . . .- 10 03
October If II
Ujeember . 10 OT
January ... 10 Oil
March 1000
Spot 0 05
High. Low. Close
II it) 0 lift 0 00
0 00 0.81 II R7
10 30 10 21 1O20
10.51 10 41 10 42
loot 10 4n tons
10.83 10.72 10 72
,180
REPORT OF
The Pennsylvania Company
for Insurances on Lives and Granting Annuities
Trust and Safe Deposit Company
517 Chestnut Street
Broad Street Office, Chestnut and Juniper Streets
At the close of business April Sth, 1915.
RESOURCES
Cash on Hand and In Bank !S'2il'3!i';5
Call 1.011111 upon uoiinicnw "'"i"";
ipimi T.nntin unntt Collateral
INVESTMENT SECURITIES OWNED, VIZ:
Stocks. Howls, etc M'sIS'SSS'Sa
Mortcnci 1. Bab, 1.8, dj
Reserve Fund for the Protection of "Cash Balances In Trust Ac
counts" vi.W '
Real Estate, Furniture and Fixtures , ,
Interest Accrued
Miscellaneous Assets
3.192,451.73
4,855,933.59
6,3S8,62:.S8
933,235.00
202,921.29
92.759.39
Total.
$34,959,840.70
LIABILITIES
Canltal Stock 12,000,000.00
sSrplSs Fund .I."........ ;.- ...,; 4'S'52222
Local Bid and Asked
Baldwin ,,.... 3S
Cam Htel 1?.
Eleo Storage J"
den Asphalt ... . Jp
do urer "''4
Today
Bid Auked
14
:::::: a?'
iln a ,)i.p cnt nf. , ty..
OO o 4cr u 4'.' - i.r 1
Phlla It T . St I
Tbu asi ; ry
ToRMUUn jt 5 jj-
Kej stone Tel
do t c
do pref ....
Luke Sup Corp
Lt Na
Lh Valley ....
Len Val IT ,,
do. pref . . . -I'snna
Phila. Eleo ...
a'Kiia u
SI
Yesterday
1)M Asked
.!! J 11 OJ
100 wo 100
40U 43H 40
S& if Hu
04 lh 0
iiu 1 i(H
1I1! 11 nil
enjl oik i
i5i s4I au
74? ,7,lfi 3
14 ts& iuii
31 30 Jl
40 3S 30
a. iSi:
fl TJX
Undivided Profits, Less Expenses and Taxes Paid.
KcftToBCheCk 'TlliVlilo
Special ,...,..,.. 1,449,045.80
Interest payable
Miscellaneous Liabilities ,
763,689.79
28,041,488.74
139,683.17
14,979.00
Total.... $34,959,840.70
TRUST DEPARTMENT
Individual" Trusts, held as Executor, Administrator, Trustee,
Guardian, Committee, Attorney, etc,
Investments (par value) . , . , , 3196,333,337.64
rAtnnunt for Investment 1
J " notfor " 'r 4,469,947.62
(I
Cash
Income Awaiting Distribution)
Total.
$200,803,285.26
UTF!Tlr,"r,rrnr7?, '
Corporate Trusts, Total Amuont of Bonds of Corporations Se
cured by MorteTaeea or Other Collateral ... Ml,308.BM.ii
Total Amount of Securities Held as Collateral Under Corporate
Deeds of Trust oa.l!Ct.33.i2
C. S. W, PACKARD, C, S. NEWHALL,
BLlik,-. , President .M Treasurer,
MINING STOCK QUOTATIONS
TONOPAH STOCKS
llhl.
ST
(tl
.11
'Ml
.14
40
11m Miitlir ..
'n Viiinnrn
Mldun
(A. di, t,ti nstnn
Mnntnnn
Northern Stnr
Tonornh llolinont
Tonopnh Kxlrnaton
Tonornh Mircer
Tonoinh Sllnlnir
ltr.run Tula , In
IVwt Hnrl (tl
OOI.DI'ini.D STOCKS.
Atlnnin Id
llluo Hull (C.
Tlootli 27
IllllldOR (1.1
COD (I-
fomh rmctlon in
AskcJ
Id
"I,
41
numf n h
Ilnlsy
1'lorrnce
flolilflclrt roniollrtated
Ooldnold Merger
tumho Hxtenslon ....
ICeuanitH
Orn
Sanrt Ken
Siller Pick
. 0.'
. .01
. .SS
, l.O-lrt
'l no
. .in
. .10
. .ov
. .00
i
01
.10
.l.J I
.117 I
.11 I
.Ul
,IIS
.00
1 124
12
in
.10
MISCCLLAN'SOUS
rnlry A2toe . ..
Klmberl) ....
XcMirta lllll ..
Is'eada 'Wonder
. .02
. 07
.2.1
103
NEW YORK BUTTER AND EGGS
Ni:W YOIIK. April 8 -DUTTnn MntUet
steady, reeolpla. M0.I packaites. extra. 31'Sc,
hlnhur scorliiR .12S I2HO . btato dairy, .lie.
Imltutlon rroamcrv. 22a22'c.
i:OOS Market llrm. recolnts 20 00S ciso,
extra lints, 2lifi'21'4e. renular nncktil 2ii
2.'c , Kithtrcd. nearby brown 22TiJ3e , nor
obo packed, 20741721 ' tc.
NEW YORK COFFEE MARKET
NBW YOIIK. April S. Tho roffee market
opened weak Futures wcro off 4 to 7 points.
Trading was fairly active. Prices rollou
Today's Yestcrclay'a
ODenlncr rto,
Jinren T.O.,V7 i.)
April
May OOOflfll-,
Juuo (1075(11 ".'O
July 7 17(37.10
August 720
heptember 7.1137 30
October 7.40
November
December 7.B037 52
January 7r.".7lO
February 7.C0B7 70
Hid. Sales, 2000 bass.
New Yoik bnnks lost $19,000 to the Sub
treasury yesterdnv, nnd since last Prl
dny have gained $79,000
The prollta of the American Pneumatic
Service Company In the year ending- De
cember SI, I1U, wore $'W2,01I, ORnlnst
$I"1,DS6 In the previous jcar.
The Iron Trado llcvlew snys- For
cIrii orders for Iron nnd steel products
continue to fill some of the Knp oc
casioned by the dearth of rnllroad-buy-Inp,
mill nro tlolnir much to help the
Industry mnke n fnlr bIiouIiir on opera
tions This export demand, however,
falls much short of tnklim tip thn nlnck
In cnpncltv. nnd henre but fllow proaress
Is possible In innkers in worklnR awny
from the present low nnd unsatisfactory
prices In the domestic- mnrket. Ship
ments by tho mills continue around 70
per tent of capacity nml new business,
while somcuhnt spasmodic, Is not far
from that rnto,
An outline of a plnn effcctlnc settle
ment between Kodcrnl ttcsene banks
uns considered by tho federal Hescrvo
Hoard estordn The plan la based upon
the Idea of n general sold fund nt Wash
ington to bo crentcd by the Federal
Ilescrvo banks, title In which shnll be
transferred by one reserve bank to an
other nccordlnir ns It Is necessary to
settlr for transfers of funds between Fed
eral l!eerve districts. The plnn Is ex
pected to become effective about the mid
dle ot Mav Tull details wilt be mado
known nt Inter dnte
netlilehem Steel Company 30-year 5 per
cent refunding sold Bonds nro belnir of
fciod nt a prlco to vleld 6S"j per cent
Tho following orders for locomotives
have been received bv the Pnldvvln IO
cnmotlvc Works One six-wheeled
switcher for Chestnut ItldRc rtailrond,
ono consolidation tvpc for Mt Hope Min
eral I'.nllroad, two clqht-coupled switch
ers for I.ehlKh and New HnRlnnd Itnll
roid. IHo Mikado tpr for Chicago, IJur
llngtnn nnd Qulncv Itailroad, two four
wheeled switchers for Standard Oil Company.
i:ports nf copper from the United
States last week were worth $3 i:2.0S7, the
Dcpnitment of Commerce announces Tho
Sientei part wns shipped to ltnlv, lng
Iniid Sweden nnd France Ktporta dur
InK the seven months cndltiR February
amounted to $I7,CG1.212, compared with
JSCJIZ.IS? the preceding 5 ear.
The I.elilRli-Burfnlo Tcrmlnnl Hallway
Corporation has applied for permission tn
lsiie !M0 capital stock and $5,000,000
debenture bonds for the acquisition of
piopertv nnd the construction of facili
ties nt Bulfnlo
For the Mnrch quarter tho Vulcan De
tltmltiK Company reports a decrease of
?5iTm7 In not pioflts Tho BUrplus was
$:0,g;s. rt Rnln of $3157.
Onlv routine business wns transacted
b die bomd of dlrectois of the Federal
rtcusrvo Rank of Philadelphia at the
meeting loil.iv. Governor Rhoads stated
tbnt the plnn foi the creation of a central
gold fund for clearances between the va
rious reserve banks, details of which are
expected to be announced shortlj, was
praetlcnlh ngiced upon some time ago
In connection with tho powor of a
national bank to enter Into a contract
with an Insurance company to guarantee
the solvency of tho bank, the Attorney
General of the United States, In an optn
Ion rendered May 7, 1909, came to the
conclusion that It was within the powers
of n national bank to enter Into suoh n
contract.
Mr Edward Bunting and Samuel i
Bunting, Jr, have become associated
.with Frailer & Co. In their bond depart
ment. At the stockholders' meeting of the At
lantic Fruit and Steamship Company
called for yesterday afternoon not enough
proxies wero obtained to constitute a. quo
rum, and the meeting wns adjourned
sine die.
At the annual meeting of stockholders
of the Philadelphia and Camden Ferry
Company, Conrad Miller presided. The
retiring board of directors was rc-clect-od
and the meeting occupied only a few
minutes.
It was reported that a bid of $50,000 had
been made for a New York Stock Ex
chango seat.
Charles C. Case woa elected a dlrea
tor of tho Rubber Goods Manufacturing
Company, succeeding the lato F, W.
Eddy The niinual report showed a sur
plus of $19,2."8 against a deficit of $152,381
last enr.
Cotton exports today were 31,814 bales,
against 12,193 last year. The total for tho
season to date Is 6,7H,22S, against 7,919,233
last season
Our Booklet Entitled
"Electrical Utility
Investments"
is now ready for distribu
tion. It treats of the record
and growth of electrical
utility properties, response
to scientific methods,
safety of capital, depend
able income, the labor
problem, importance of
many consumers, public
service commissions, pub
lic utility bonds, short
term notes, preferred
stocks and other interest
ing points.
We will be (?latl to mail
this booklet No. 206 to any
address upon request.
William P. Bonbright & Co., Inc.
MORRIS W. STROUD, Jr.
Manager
437 CIIF.STNCT STREET
Philadelphia
New York Iloslon Detroit
random William P. Ilonbright & Co.
Pnrls: Bonbrlcht & Co.
PEOPLES TRUST COMPANY
OF PHILADELPHIA
Condensed Statement showing condition at the close of business
April 5. 1915.
ASSETS
Loans and Investments. $1,596,964.33
7 I.OfTT 70
0 03HH 00
II 10ft I! Ill
I! 1-ttlllO
T-.Mfi" 2(1
7.3107.SJ
7 ISii-T 4(1
7 41H-7 40
7.40ft7..Vl
7.-MS!7Bfi
7 .".IfiT CO
7 01IT7 03
Real Estate (12th &
Arch Sts.) 386,490.54
Furniture and Fixtures. 20,730.07
Cash on hand and in
Banks 287,90988
$2,292,094.82
LIABILITIES
Capital Stock $634,450.00
Surplus and Undivided
Profits (Earned) .... 144,396.88
Mortgage (12th &
Arch Sts.) 100,000.00
DEPOSITS 1.413,247.94
$2,292,094.82
WILLIAM B. VROOMAN,
Treasurer.
BETHLEHEM STEEL COMPANY
First Lien and Refunding Mortgage 5 30-Year Gold Bonds
Series A, Due May 1, 1942
Guaranteed by Bethlehem Steel Corporation as to
Principal and Interest by Endorsement on each Bond
Lifted on the New York Stock Exchange
Interest payable May 1 and November 1 on Coupon Bonds in New York, London and Amsterdam, and on
Registered Bonds in New York. Coupon Bonds in denominations of $100, $500 and $1,000; exchange
able in $500 lots or multiples thereof for Registered Bonds. Coupon Bonds of $500 and $1,000 register
able as to principal. Registered Bonds in denominations of $500, $1,000, $5,000 and $10,000, exchangeable
for Coupon Bonds. All or any part of the issue redeemable at the option of the Company at 105 and
accrued interest on any interest date. The Equitable Trust Company of New York, Trustee.
Annual Sinking Fund of 2l ft of the face value of Bonds of this issue outstanding with minimum Sinking
Fund of $300,000 per year to be used for the purchase or redemption of these bonds for cancellation.
Free of Pennsylvania State Tax
For detailed information concerning this issue, we refer to a letter of Mr. C M. Schwab, President of the
Bethlehem Steel Corporation, copies of which may be had on request and a part of which he has summar
ized as follows:
These bonds are secured by mortgage on the real estate and manufacturing plants, namely,
the "Lehigh" and the "Saucon" plants, of Bethlehem Steel Company, the largest and most
important operating subsidiary of Bethlehem Steel Corporation, subject to $15,499,000 prior lien
bonds outstanding In the hands of the public.
As security for the performance of its guaranty of principal and interest of these bonds,
Bethlehem Steel Corporation has pledged the entire outstanding capital stocks (except Directors'
shares) of the companies owning or controlling the operating properties which constitute Bethlehem
Steel Corporation.
Net earnings after depreciation of Bethlehem Steel Corporation and Its subsidiaries for the year
ended December 31, 1913, were nearly three and one-half times the entire interest charges for the
year, and the average of such net earnings for the five years ended December 31, 1913, was about
two and one-third times the average interest charges during such years.
While final figures are not yet available, the net earnings after depreciation for the year ended
December 31. 1914, were substantially in excess of those for 1913, which had been the best previous
year in the Corporation's history, .
The annual business of Bethlehem Steel Corporation and Its subsidiaries has increased from
$14,554,117 in 1905 to approximately $47,500,000 in 1914,
Orders on hand of Bethlehem Steel Corporation and its subsidiaries as of December 31st, 1914,
aggregated approximately $46,500,000, or equivalent to about an entire year's business.
Price at market, yielding about 5.90
Dttailtd circular and annual report furniihed upon requeit
EDWARD B. SMITH & CO.
BANKERS
N. E. Cor. Broad and Chestnut Sts., Philadelphia
27 Pine Street, New York
Financial News
Page 13
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