14.
EVENING LEPGEB PHILADELPHIA, WEDNESDAY, APRIL 14J
jHl mil in Tim Iim.iI, ill iii-- . ' . . '..."" ' ' . ' '' '''""jJ
PHILADELPHiTELRiorHADA RECORD YEAR-GERMAN EXCHANGE AT LOW POINfl
WVE-POINT JUMP IN . 1 1 New York stock sale, ACTIVE TRADING saus in pidiadeipMa- INCREASED EXPORTS I PHILADELPHIA MARKgJi
&mpm fr.it i fm rm i in
AMERICAN LOCOMOTIVE
fstdek Rose on Report That
Contract With Russia Had
Been Closed.
NEW YORK. Anrll 14. There wns nn
Slet'up In tho upfrnrd swing of the stock
Lmarket today, ana opcrAtlons once more
lvera on a large scale. Indications during
J trio morning session bclnir thnt tho dny
, vould be nhothcr tnltllonsharo affair, as
I'oales In the first hour were at thnt rate.
IhThnt the nubile was again at the helm
feirnn evident by tho largo number of or-
jBCrs Which commission houses had from
?oUtslders. Floor traders also nut out
fcorders, and thcro was a general rush to
, recover mocks by those who were scared
p-out by the sharp break In Bethlehem
Steel n. few mlmites beforo tho closo yes
jterclay. A great deal of excitement ac
companied trading and traders In many
i cases naa Borne difficulty in executing
orders,
Tho copper stocks were tho lenders and
demand for alt of these shares wns large.
Amalgamated Copner was the strongest
f In this groun. at one time belli nenrlv
ft points above the final of yesterday. In
Connection with Inn rlnn In thin lamin.
'. thero was a reiteration of tho rumor of
' n dissolution of tho company and a ills
' trlbutlon representing soma other assets
5 In addition to tho company's holdings of
P.Atiaeomta atnrlr. Chlnn. TUnh nwl AmnrU
can Smelting wcro nil up around two
points.
"When the Position of the cornier metal
m market is taken into consideration, It Is
! not hard to find the reason for the
Strength In the copper shares. A general
' revival In business throughout tho coun
try will add materially to tho domestic
demand for tho motal. Thoro Ib moro
talk being heard of 17-cent copper In tho
near future, and In Germany the prlco
lias touched it cents. Then, too, people
outsldo tho trade as well as thoso Inside
nrc beginning to realize moro and moro
that the Allies need tho metal and prob
ably will be willing to pay a good prlco
for It.
Around noon there was considerable
realizing by outsiders, and room traders
and sales wcro qulto heavy. Stocks wcro
woll -taken on tho decline, and tho ad
vancing, movement was resumed. Sur
prise was expressed at tho absorptive
Capacity of tho market Interest in tho
afternoon session switched to the Indus
, trials and specialties, and good ad
vances were shown In many of this class
of securities.
A prominent Issue was American Loco
motive common, which moved up B
points. Tho rise In this stock was accom
panied by reports that tho big order from
the Russian Government for shrapnel
and other supplies had been closed.
Movements In Bethlohem Steel again
attracted attention, tho prlco moving up
20 points on comparatively few Bales to
US, aiMy then sagging oft on succeeding
talcs. From tho high, as has been
the case right along, thcro was no news
to account for tho strength of the
stock. It Is understood that tho governors
of tho exchange have nuletlv launched
another Investigation Into tho movements
of tho stock. Thcro wa3 tho usual list
of rumors, with a new one added. This
was that an English syndicate is In the
field tb get the controllng Interest. In tho
afternoon session a drivo was started
against the stock on profit-taking salw
and the drop In the price was as rnnld
ns tho morning's advance, going within
three points of tho close of yesterday.
Tho feature of tho foreign exchange
market today was the weakness In
relchmarks, which declined at nn nt.-iL-n
to 8IH. the lowest point In history. Thero
was no demand for this exchange, and
this resulted In the decline.
New York Bond Sales
2:40
Low. Closo.
10214 1WJ
1000 Amtt Hide & L O....."')??;
1000 Amer Ice deb (is M)
100O JLm.r T0I rmiv Aa 1.11'
8U
8!l
J8ffi tsrzsL v. .
11 J i;
lco!J
100
00
1000 Armour Co 414s 111ft
"V uu rf I UW t ......... . UU
Ol'i
Ul'm
7000 Bait & Ohio cv 4a. . SU'
8155
uu1,
81W
uo "tn Stel lt B....1004 100
12000 Bath Steel rfd 5a. . . . SO? 81)2
86000 Brooklyn R T 3a 1)U1 uo
10J
sag
iw
834
111
n:i
us
iMwv. . . &. u ' xsl oa.juuN iw
nss
ZXZZ u.'" "iOIT US. BX'rh
SOW Cat Gas & El 3a 11
fiOOO'Cent larh,. , r.a rwi
tu
O'l
8S
8."U
1NO0O Cent Pro lat 4a. ..'.'. 88
2000 Cent Pac Sft I. 4a. . . . 83!i
1000 Cent Tfc n M 1 Ka t in
?ivm ru-.- ,-.,., .i!."'.'.!
IIS
.11 1
3SS, SCrVn.- ."....; '
o CV 4H.. 75 75J4 -Z
HI 0 1I8W lisg 0S
!S 051; liSf?
?t. -IS 71 71 71
1000 da ',1 ...
(1000 Chi fll Writ
liww tni II 4 Q Joint 4a. . . . (I8J4 00 Oil'
I
tVXZ " J1 DtI cv 5S rcllufo aO;
101; .
VW OO O 4 OUhn
B70UO do ov 4H" 0Ui
1000 do cen 4Ha 100C
400U Con Gaa cv (Ja 114?i
23000 Del Hud rfd 4a. . . . IMl?
BO00 Den & It Or 4a 74!4
1000 do Da 7I
1000 do rfd 8a 47
OOHO Detroit EUUon lat Sa..l2S
000 Detroit United 4Ha . . 7I)
(MM) Din SKllr Corn .', .12.
IHlt.i IHllX
JUUJ Jll,
10000 Krio conv 4a aer A.. (I3S
iuui do prior 4s ,
7000 General llnlnr
ww w Miur u a,, J
0a.,..101K
eono Green Bay Oa ioou
4000 Gen Elec deb Ba (tt(i
1000 Iowa. Central rat 4a.. 54
4CO0 lit Cent 4a 1952 NAU K.1U. MIA
epooo Ins Con cv 0 riti i:.ii V2ii
ltooo In cv ret 3d pd 6a '10.120 I23i5 im(,
83000 Interb Mat 4 Ha 76i
J1000 Interb It T refSa 07?i
117?.
78
Hit,
27
so
77
mil
01
101)
53
47U
oo(J
loo,
83
:8oH
100
4uou intemi raper cvt oa.. so
20000 Jap new Gcr ata 4Vja 77
8000 Lake an deb 4a 'to... can
1000 Lake So dob 4a 1031., 01U
.1000 Lake Ba deb 4a 1U2J.. 01
lix Lorlllard Sa 100
14000 Mo Pao 4. .......... C'Hi
11000 Mo I'eo cv Oa 47!
1000 N T 'Air Drake cvt 6a. 0i
loco N Y Canal Imp 4H...I09(J
lOOOO M Y C i H 4U SO.
80
77
W
ion
4?"
tHJli
loot;
hWOOOON Y O & II Ba.,.,,.IOO4 100
HS
iouo y city 4a vizJ oa 03
00O N Y City 4Ua 1060.,, 00 Dl
1000 K Y N II As H 4a.,.,. 02K 02U
tOOO N T N II t H . 100 ino
-WtJU . i M. itnv ic 1 -SB . . t . I.TI
JAtiA - r... .a) i ' ' '
Ti
.1SO0O Jf W Rwy dj fia 50i
b 4000 Jtor Pc prior 4a.. 02H---,
(itcioil dojrena , 64H
5014 505
02 02
72U
K7
X
w un Biiort u lit oa. . . .1011
UOOOm & Cal fia Illittt
lost inn
100U lOOti
loo'J loofj
io4i; ioi ;
SJtiooo iadno Tst mrti
ai rui ev aa ,,.iuoh
SOOT Publ o Uerr N J Ba.. 88U
SOOO Ray Con Copper 6a. . . .1151
1MVIKUU1I KCQ IB ......
loOOOllock Island rfd 4a., VZ
tOOOO do Ba B7
1000 et I. I M So 4a..., 87
WOO do 5a 09
1000 St & B V rfd 4a wy,
6000 Hea board A L ad Se. 07
eoi south Hell Ba oifi
MOOBoutb Pe cv 4a, ..... MiJ
Nin do cv ret r P os iu.iuu
50UU soutn uwy rtn ia.
xki ouin ztwy con oe.
T '1 HUH W W
1 Third Ave nsty 4a.
Tit Thlr.1 Ava ailf fia .
hrfc'-fT'jZ-T?..!,?.-.. Am.
I I' 14 titeel it
Oil Tnlon Pan 1st 4s. .
fiCOO Va. Rwy 0
i ivo-DAan a
I Wabaah in 5a......
i WU-P Ter jat at 4a.
i lyheeUni A l E 4j .
NEY YORK CURB
Bid
'ttjien Ali
kn-Aawricn lopapeo oia i'U
ia UHUoiiiMieq
ei CajianiA
ftouc ...
tlBlk Yalley Coal SJilea. ., .
e Her3.ur
r jaavaior pre!
"-Heta
41SK iTum
9m ' t ' ' ae
Wmuko ProJucU ,.....,...
t.j t-rpdpcia are
I IIKflE mUTHH . .....
l.'ljwr Slgrea imt 112
'&
i'ronv uniriFia new
U
i CdJ
p$nW VORK SIETAI, MARKET
TOBK AtMrtl U.rn mt! maikat
ru.tarf today Una. 4.Ul..'Qe.. tin.
B fens, ntf.rt.1 at A' la Hart St. LouU.
('ic Mt ftCu we June.
114K 114U
74l
711 71)
47 47
7.'. 75
52 02g
034h (!.')
82v 82V
I01U 101s
looS 1005
C3(J II3(T
54 5.1
us us;
04 04
09 03
n an
I"li 00U
rv on
di, " ? oii
sou oou uou
. not OM, OUK
. . 8lC StS 8U
. . 7Hi 7&(i 7SU
..102(4 1024 102 U
. .1014 101 101C
.. om (: 03;
onu oe on
20 2SH 2Ji
iw ga "w
03 63 63
Aaked
18U
inIT
... IK i
... JO 31
'). S
...187 1T2
i.Toolj ,f
...sou or
:::Jj k
... w 101
" .vrA
107 110
?..
:..;:: 5 3
2:40
Lmt clote. High. low. p.m.
AlMka Gold Mines ;(( 'MM ..OH ?0H
Allh-Chalmcrs ........ It!" HH MU 14.U
Aiiij-chsimfripf....... 63W m rm filW
Amaleamatcd Copper. 705 74 ilj 7Jf
Am Aur Chemical. ... , MJ ill 10 oo
AmAgrChcm pf 01 92 1)2 02
Amliect buear 40H 4(1! '10 tnH
Am Can., 3UI . CH .I4U HOJi
Am Can pf W DU 08H HO
Am Car Fdy ........ 40)i fli 40U 61H
Am Coal 1'roducti 1C0; 101 QSH MH
Am Cotton Oil. ....... Gl 6U CI AIM
Am Hide & Leather.... 0 OH W OH
Am Hide & Lea pre!.... 33H 'MM 31)j MH
American Ico VM ItlM S.'Hi 3H
Am Linseed 11!( 1L 1IH 11H
Am Linseed pf ;)2i ;i'JW .'!Ui U1W
Am l.oromollTo ;)l,'f MM iO .ItlU
Am Locomollro pt 02 OJH 0i)( 03).
Am Malt AM i 3!( JH
Am Malt rf '2'JH '21 20 2,1
AmSmelllng 71i 73 71!f 72H
AmHmdtlnjpf lO.i lOflM 105 10'
Am Smelters pi 11 70k MM 80)1 cOX
Am sugar 1US 1(,0,H 10ai 10. Ja
Am Steel Foundries.... 31U :IH U1M aUi
AmTcl&Tcl 120 1205i 120 1!0)
Am Tel &Cablo (K) 1)1 01 01
Am Too pfnow 100)i 100)j 100)j lOOji
Am Woolon 1U)5 -MM 20 -OJi
Am Woolen pf 82U 82)j 82H 82 )i
Anaromla Copper o5H 3U)i 3A 30H
AsscU Iteallzatlon 0 0)i OW OK
Atchlwn 102X lOWi 102W 103
AtchT&8fpf 00 0U)4 O'JU 09)1
Atlantic Coast Line.. ..112 110 110 110
Ilaldwln Loco 39 J S H( 40 -iOJi
I)altlmorn& Ohio 0H 7?U 7ti 7
naltlmoro & Ohio pf .. 70!f 70i' 70u 70H
llcthletacm Steel 12u M5 128 1(2
Ilcthlehcm Steel pf 110U 112 110)111
DrooltlynltapTran.... Uiv, M ODi 01H
IlrookljnOas 12SX 12'J)i 121) 129).
Call'ctroleuui iS?i llU lW 1. Ji
Cal l'etroleum pf 42 II 44 44
Canadian 1'aclUc 100 170)i 101))i 170
Cent Leather Co 38 J5X 3754 37H
Cent Leather Co pf ...103 103 10-1 103
Chcs&Ohlo 40 17 -IQH 40H
ChlnoCopper 42!i UH 42!( 41!i
Chlc& Great West.... V2li 12U 12)i 12!
Chlcaeo Ot West pfa.. 35 30H 3U 34 !
ChlcMll&fatP 02 U33J 02), 02
Ch!c& Northwest 121)7, 130 1L0 130
Chlcato It 1 6. 1'acUlc . 34Jj Wii 34Jj 38!i
Col Fuel A. Iron 32 32)i 31U ,'12)i
Col South 1st pf &1 &S,i 52JI 02J
Consolidated lias 122W 124H 121H 124)i
Continental Can 01) 12 til G2
Continental Can pf ... 04S 05 1'5 Oj
CoraProducU 13M 14 f UH 14
Corn Products lief pf ..70 77 70 77
Cuban-Am &ui;ar 01 fiS 6S C8
Ucl& Hudson 15U,' 1J1 101 1S1
Dcn&Hloapf Hh IIU UU HH
niHIllci'S-ccurltlcj .... O'l UW OH Mi
DulSS.IApnf j 10 10 10
I.tlc 2t Mi LMi :bli
Erlolst pi 41!i !; 4lH mi
Erlo2dpr 31H 35 3S iS
FedM&S OM OH OH OH
Gen Chemical 107 205 205 205
Gen Chem prof 107H 107H 10H 107H
General Electric ICO 110'il40 14U'i
General Motors 14SH Hb) 140 147M
General Motors pf....lO.'.J 10-Jf 102 10. J,
GooUrlchCo 52 i3 61Ji o2j
GreatN'orthernpf 120 UOH 120 U0l
0 icat Northern Ore. cts 30H 4(1.'. 30H 40
Guecenhelm Eipl'n ... 174 . 8H 57H 57H
Intcrhoro-Met 17H 10,'i 17H 10fi
Interboro-Mct pf 1 03i 72 70U 7Ui
International Paper ... 10H ID. 10 10
IntPapcr pf MU -0 38H ISM
lnt Steam Pump 2 2H 2 2)1
Inspiration Coppor .... 30H 3Ui SOW 30W
Krcseeo pf 103 107H 107H 107H
Kan City Southern .... 25 25 25 25
Kan City Southern pf . 50H 50 50 59
Lack Steel 38 38 38 3S
LacadoGas 105)i 105H 105 105H
Lake Erie 4. West 7U T.i 7Jf V.i
Lchlch Valley M2)i 14JH 141,'' 1 Mi
Llccet A M Tob pf ....11 117 117 117
Loosc-Wlies Ul3 1st pf . 07!' OfJi 97Jf 07!f
Louis &NashviIlo 121h 122 122 122
Maxncll Motors 63W 08 5iH 57!i
MaiMotorslstpf bO!i i-7!i 5H 85H
MaxMotors 2d pf .... 42H 43JJ 42 42'i
May Dept Stores pf ... 06K 05 05 05
Mexican Petroleum ... 55H 80 75H bU
Mcx Petroleum pf 80 W) 7UH 0
Miami Coppor 24 H 25j 2Uj 25JJ
Minn d. St LouU 10H lt 10H 10),
MbtP&SSM llWi 120 110j 120
Missouri PacUlc 10 10) 154 15Ji
Montana Power 53 i3 olJi L2
Montana Power pf ....101 102 102 102
Mo Kan & Texas Ki!i M) 13H 13)1
Mo Kan & Texas pf ... i8 .0 38H 38W
Nat Cloak'& Suit 2)i ".-'U 72 72
Nat Cload& Suit pf ...UMH 1C4 103W 101
Nat Enamellne i: S ... ID 15U 15)1 15?,'
MtLcad 03K 0-US 03H 04
New York Air Brake .. 72H 72 72 72
Nevada Con 14H 15 1i)j 15
NYNHicII 02W 02), 01U OlJi
New York Central b7 t8 87 88
NYO&West 28W 2o)i 23 2j
Norfolk & West 101W 1043J 10. ii 101H
Northern l'aclitc 10bH 10'JJi 10bU 1005,"
PaclficMaU 23)i 23i 23)i 23W
Pacific Tel & Tel 30 31H 30H 31H
renn 10UW 10Oi 109 109W
Peoples Ga.s HOW 120 110 120
Peoria & Eastern 10 10H 10)5 10H
I'bllaCo 77 77 77 77
PlttsburshCoal ;3 23H 12U 23
Hltsburcb Coal pf .... Do .5 95 95
PicssedMeel Car ;'5H ! ;53 305i
Ity Steel bprlnz 20H 20H 2oH 29H
Itay Con 22 :iH 21U 22H
ltcadtnc 150U 152 150U 151),
lteplron&bteel 2UH 20W 25Ji 2i2i
luplron&.'tecl vt ... 84 81 ba, b3)i
ItockUlandCo ii H ii M
Keck Island Co pf .... 1 1M 1 1
Itumely Co 4 4 3H J)j
ItumelyCopf 0 0 9 0
beatoard Air Line 15W 0 15U 111
ttatoari-Alr Lias pf.. 40W 41 0H -iOH
bearsltoe&Co 140 140H 1403f 140W
btL& U Fran 4 4 4 4
blLoulsciSFId pfd.. 7 7 7 7
6t Louis Soutbw'n pf ..35 35 3i 35
So Porto Itlco Sus .... 40 10 50 50
fccuthern 1'acuiu ODi U.JS 9-' 92)
tcntbrenlty 1SU 18!i l)i 18)f
houthernlty pf 59 GO 59 CO
Standard MUUne pf ... 70JJ 70J( 70W 70J,'
btudebaker Co C7JS 085 i 07)i 18
Tensesseo Cop 'MU 33, 32i 32)'
Texas Co 141 140 139U 139)
'leias& Pacific iu lo).' 10H 1UH
TblrdATesue I4ii 15H Uii MH
Twin City It T 07 98 OS 08.
UnlonBaga, Paper .... OH t'H U UW
Union Pacific 131 132 131 131W
UnlonPacUlopf tl r05i" bOW bfiJi
Union Pacific War .... 20W 30 30 10
U Hind Alcohol -SI 27W 2ijf 2H
U U Undl Alcho. pf 70 kO'-i 80t SOW
United Kyi Invest .... 13H J4W 14 14
United ltysInYBStpf .. 34 34 31 31
bbltubber 73)j 74) 73H 74
U b Itubber 1st pf 109 109 110 100
UU Steel..., C8W 57M iti 50)j
Utibteelpf .108W ItO lUsU 110
tnlted Clear Mfrs .... 47 48 48 48
United Cigar Mfe pref. 104 101H 104W 1UIJ5
t ub Copper O.'H UIVj OH tilu
Va-carCnem ;6H MH -0i .b
Va-Iion Coal & O 4j ib 44 45
Wabash 1W JW l)i i)J
abash pf , 3H 4 til 4
Wclls-Fargo Exp ID 10 09 tu
Wttttrn Maryland .... 25 25 ;4W i4H
utn Union ifi)i 7H iu U.W
hutlcctousoElectrlo , '.8 .9! .8 70
Wbcoaslq Central ,.,.. 38 30 30 3d
Wufclieftaau.,...131 130 121 12i
.tocUU ,..1U91 1IIH 1U9H 1U9H
WooUorthpf ....,..,,110 123H 11 ) J20H
t,L0ttd fcx DlTldtnd
COTTON
NEfV YORK. April 14. Cotton opened
ateady. unchanged to 3 polnta higher, ana at
tbe end o( 10 minute,' trading the Hat allowed
a net advance of 3 to 5 polnta. The cun
aumptlou report, ahowlng 30,COD baUa more
cotton con, u rued In March than In the aama
mnth laat yoar, waa conaldered bulUtn, end
helped to atrengthen aentlment. The Con
tinent and the leading atock Interaata were
the cnlet buyer,, while Liverpool and, the
ttouth aoid. Offerlnga were light and the de
mand was alight.
Yea. cloae. Open. 11. 11:80. s 30.
May 9.8U 0.87 .... B.00 l).8a
July 11.1S 10.20 10.23 10.1B 10.18
Ovtober lo.ei 10.08 io.(xj io. ra iaa.8
January 10.75 10.W
March . .. 10.18 .... ...:
BAR SII.VER
VEW yonK, April ll.WTne price of cm
merctat ar illj'r, H 49f4o. today, tl jlixi
caa doUiia at 8&HC,
IN PHILADELPHIA
Business on a Broad Scale.
United Railway Investment
5s in Demand.
Thero was a broad and active market In
Philadelphia today, and although price
chniiRca wero not especially wide, busi
ness wan brisk In both bonds and Macks,
with stronp; demand for United Hallway
Investment 6s. Tho recent nlrcnnth In
Philadelphia Electric shares was explained
today with the publication of the annual
report. Not only wcro uross earnings the
largest In tho history of the company, but
notwithstanding an Increase In operating
oxponses and fixed charges, the net Incomo
expanded from $3,SS7.371 In 1913, to $11,181,
040, also a record An Incrcaso In divi
dends paid, however, caused a reduction
In surplus from $747,127 to $04,;o. Tho
slock wob not so active today and merely
held steady.
In tho nftcrnoon activity developed In
Ualdwln Locomotivo Common shares, tho
prlco advancing nearly a point. Philadel
phia Company, IMS, Scrip was also strong,
rising 2',4 points, whereas tho common
stock cased off a fraction.
No very material changes wcro re
coidcd In the general local list dining the
greater part of tho session, except for a
certain amount of weakness In Tonopah
Dcltnont. This mny lutvo licon due to
tho rathor poor showing made by tho
annual report, total Incomo falling from
$2,095,225 tho lust Ilscal year to $1,502,094.
This wns duo to the lienvy reduction In
net earnings from mill operations. Tho
net Income wns $l,4Gfi,C9S, eiiunl to W per
cent, earned on tho stock, compared with
131 tier cent, earned the previous year.
Tho rcpoit uttrlhutc3 tho fulling off In
Incomo In part to tho lower grade of oro
mined and In part to tho low prevailing
prlco ot silver.
United States Steel, as usual, led tho
local list In point of activity, tho prlco
advancing across 57. Cambria Steel was
Inactive, but United Clan Improvement ap
peared to bo In demand. Tho large num
ber of odd lots of various stocks record
ed on the tnpe was taken to mean nn In
crcaso In public buying. This class of
trading hns been steadily expanding of
late.
Financial Briefs
Another Now York Stock Kxchango
membership sold at $30,000 today, making
tho second tinnsnctlon at that prlc since
last Thursday. Names ot parties to theso
two transactions have not yet been mado
known.
.1. P. Morgan nnnounced that tho appli
cations for New Haven notes have ex
ceeded tho $27,000,000 offered for sale.
Tho Union Hug anil Paper Company
elected C, O. Sunders ntid C. U. .lucrrun
directors to succeed Hdgar O. Clarratt and
Guy M. Walker.
An lncreaso of i of 1 per cent, was
mado In the F. V. Woolworth Company
quarterly dividend. It was also decided
to retire $500,000 preferred stock.
Now York banks gnlncd $1,003,000 fiom
tho Subtreasury yesterday, and since last
Friday gained 6,7C3,O00.
Tho Union Tank Lino Company reported
a decrease of $516,010 In net earnings for
tho year ended December 31.
After the rogulnr meeting of tho Penn
sylvania Ilallroad directors today it was
stated thut thcro was nothing to an
nounce. It Is understood that tho Keystone Tele
phono Company plans to begin pajing up
back dividends on the preferred stock In
July.
The United Railways and Electric Com
pany of Baltimore's annual report shows
a. balance after preferred dividends equal
to 6.4 per cent, on the common, compared
with 3.0 per cent, earned In 1013.
J. E. Aldord wns elected a director or
the United Ilallway and Electric Com
pnny, of Baltimore, succeeding F. E.
Waters.
Donald G. Geddcs was elected to the
board of the Western Union Telegraph
Company to fill a vacancy.
At today's local auction sales of se
curities advances predominated. Fourth
Street National Bank stock roso 5',i
points and Chestnut and Walnut Streets
Pnascngcr Ilallway 4H- Klro Associa
tion wns up 1 and Itellnnce Insurance
li. West Philadelphia Trust fell 2.
MOKE COTTON CONSUMED
Census Bureau Figures Show In
crease Over Last Year.
WASHINGTON, April 14.-A report, Is
sued today by tho Census Bureau, shows
cotton exclusive of llntcrs consumed dur
ing March, as 623,059 running bales in l'i5,
compared with 493,354 bales In 1914; held
In manufacturing establishments on
March 31, 1,740.476 bales In 1915 and 1,679,233
in 1911, and in Independent warehouses,
3.378,841 bales In 1915 and 1,831,008 In 1914;
Imports, 38,531, equivalent 600-pound bales
in 1915 uid 30,863 in 1914; exports, Includ
ing llnters, 1,203,573 running bales In 1915
uml 695,310 In 1911. Cotton spindles active
during Murch 30,913,533 In 1915 and 31,
083.868 In 1914.
I. Inters consumed up to March 31 to
taled 398 bales In 1916 and 24,720 In 1914;
held In manufacturing establishments,
161,617 bales In 1915 and 103,626 in 1914, and
In Independent warehouses, 100,203 bales
In 1015 and 67,538 In 1911, Exported 60,175
bales In 1915.
LONDON STOCK MARKET
LONDON. April 14. -Excitement marked the
trading In tho American aectlon ot the Block
ITxchaneo today. Elaewhere trading naa ani
mated, but aentlment waa cheerful. Canadian
Northern waa heavy on debenture default.
Oilt-cdged lasuoa were dull,
The announcement by the Treasury that la
auea of Trraaury bllla from now on would be
limited, and that the rate ot Intercut would
be rixed, waa not depreaalng. Tender, will
be received dally toy the Hank of Knglana
hh required. The action of the Treasury wuk
attributed mainly to the view taken by the
Government with rearard to the last two la
aues ot bllla. The late o( Intercut waa con
atdereil too high aa compared with current
quntationa for dlacounta.
Home raliwaya were rlrm and Ituaalana re.
aumed their upward movement. Mlnea and
oila ahowed atrength in apota. Rubber oe
tcrlptloni were irregular.
London N.Y.
cloae eriulv.
Amalgamated Copper .,, 73U 7ua U
Atchlaon ,.,,..10u(! J02 C
ti.,1. ,.,.... . m.(m ,eiT ,tu ,"
Canadian Pacific .,, ITS
Cheaapeako & Ohio ,. 4TH
Chicago tlreat Weatern liiVj
Chicago. .Milwaukee A. St P. OH
Denver & Rio O rand e .,,,,, 8
Erie , 20
do lat pref . .,,...,,., 4J?i
Illlnola Central 11,1
Lehigh Navigation I'M
Mleeourl, Itaiiaaa & Texaa
New York Central .. ...
Norfolk & Weatern ...
New York. Ontario & Weatern 20
am 90 T17. a?
Pennayltanla .... ,. , Mty
Iturllnv . fll?
il
Southern Hallway lo(i
Southern Faclne ... , BJil
UUIWU Ukiuu
United btitea Steel . .
Dcreae Dcreae.
.13S1J
WEARS & BROWN
CITT AND rJUUrjItnAN ItKAL ESTATH
fropertiea Managed Rents Collided
Insurance and Mortgagee Placed.
Iiata en application
202 South 15th Street
18 I
45S - H
Ik I
7l T '
WtHZ II?
I M7 JH
1CSU
laig -sort
rii
High. Iw.
1U IH'i
72U 72S
120k 120H
aiU 34U
50
IOI
10
100
SO
,'!Ol
1170
.13
105
7
P0
liW
.110
1IM
!IS
f.00
115
10
IXJO
itt
2A
1
110
2CT.
raw
10
lnterboro Met,.
Key Tel Co ...
do rof
Ii kn Sup Corp
14'i
or,
J?1
Jil'i
inign vnuoy.
I.eh Val Tr..
A. href
31
Pa It It. .'.'.'. M1I-I0
.
IVnna f-nlt Mfir. M'i
1'hlla Cn
do cum prof., 40
Phlln Klri-trle.. 2t'i
V II T Tr ctfs 10'.
ltrndlna; 7ft
Boutli Pacific
Tonopah Hflm. . 4
Tonopah Mining" ,S
II H IluMier. ... ..
Union Traction. Mil
United Una Imp Mlii
ti 8 Steel M
Warlek I & S. l!4
West Union
BONDS
Iiat prev.
sale.
Itcth Stfel Oa.. ..
Mcc ft I Tr 4a. 77
Inter Ilnjn 4a. fin
l,eh N tnn H4a rlil
Morkct SI III 4a P2
sa
:ll ii? wjd
4 -vin 4U
iVID 74 7j,
10
301)7
ras
HI
in
422
Mao
l.V)
10
m
loon
f10
OOft
PIMM)
Kkhi
20011
"ISO
SIX (I
lorn
2W H. I
Mono
811
mi
H2'i
101
1(1
lot
I'n tons I'a w.hm
Ph Co acrlp IB IMI
Phlli llleo 4a. . 70;
icij
70?4
7141 7IJ(
iot'5 ioi5
repj i-t'5
it A.
ItrmllnB Ren 4a B Hi
xpnn-Am Ir Hi. 101
fn Uwy Inv ft" n.",
31. V. I1KIU.EN ELECTED
TO PHILA. ELECTRIC HOARD
Anntinl Report Shows DiR Gain in
Constimers nnd Connected Load.
Martin V. Hergcn naa nominated for the
vacancy in tho Philadelphia n'cctrlr Comiuii
tonrd of illrcctora nt llio nnnuiil meutlne: today
In plnco of tho into lMwnrd t). Tolnml. Ml.
llcrgcn la tho New Jcrpey lountcl for tho
company. Tho mcellnK wan prculilcil ocr hy
Proaldent Joseph II. MiCall, tinil the other
retiring illroclors were re-elected. Mr. McCnll J
aald In his report that the condition of tho
property la flrat iIbbh, and, whllo tho IncrciiBu
In business during tlio year waa nni so great
as he hail wlthttl. It was novertlicleso very
(rratlfylnB, In Mow of lomiltlons hcio nnd
abrona.
Tho Incrcaso In number of consumers vim
7700, and In connected load. fIS.YJIS rij-wnlt
lamps. Tho details follow:
1014 l!l 1012
dross $S,lUO,a7,SirIol.i$7,0.'il.4,.7
OP cxp. nr.d fixed
charges (1,1X1,0111 ft,RS7,.17t S,3V,307
Net Inonmo I,!i78.!7li l.H2i,24:i I, anil 181
Isa dividends .. l,r.74,ls 1.1M1.S1.1 H71,(1US
Hurplus 40l.(i7l 747,127 IVH.B20
Prcv. surplus.... l,OC7,07G l.slM.nn 1,I27.:IIII
Deduct otnek llv I,4nn.2n,1
Totnl surplus 1,171,717 1,X17,07U 1.S1S.013
TONOPAH BELBIOiNT REPORT
Net Income Fell Off Sharply Gross
Value of Oro Lower.
The annual report Issued today of tho Tono
pah llclmont Development Company for the
llsi'al ar cnJori rchruiiry 2S. 11)15, shows
ntt Incomo equal to P7 per cent, earnod on
ILWOOii cipltnl stock, coinrmied with 131
per cent, e.unorl in llsc.il year 1014 nnd US
per cent. In IIU.'I
Tho company transferred Kb net Income to
surplus account bcrnre deducting dividends. In
tho fiscal year cndoi! February is, 101ft, the
dividends paid aggregated $l,4i!2 SUfl. In the
tiscil ear 11)14 dividends amounted to $1,S10,
tKi. and in lul.'l, tl.COO.UiU.
Tlio amount of oro mined and cost of min
ing the same. Including direct mining ex
penses, depreciation of mining equipment nnd
development "work, compare ns follows:
Fiscal j car:
mii. ion, low
Dry tons mined 1S1,:I70 172,040 l'jii,n,'l7
Total cost mining.. f7.10.44il 5740.1)11 tmi.Kl
Acr. cost per ton.. 4.(U Jl.Iir, j.:i,i
The nvcrago gross value of oro per ton last
sear vvjm sill 71, compare.! with J1M.07 in tho
Ileal year 11)11, and tl.21 In WW. Total
amount of bullion produced last jenr vvao 40,
MJ1 ounces or gold agnlnut 44,4H" In 1014. and
.7tl.SH2 ounces of silver ngalnst 4,231,7411,
Tlio averago prlco of gold was M0.U71 tier
ounce. Details follow:
Yiar ending February 2S: 1015. 1014
Net earnlrgs of mine fl,410,S1iI $1,07,832
Net earnings of mill 107.IC7 l,4li:,4iij
Dlv. reo'd nsmcralda Povv. 7,r,00 in.Oio
Interest receiver! 28,33(1 2.",,871
Total Incomo
Dclu-t
?i,r,2,coi $2,ooft,:
Administration expenses. . $1.",28T
Corporute taxes 3I.1S.I
Adjustment of prior lear'B
nn.
.0112
i
770
ncounth R
4RS
225
iiAfiutnuuii cai'viisitb .... in,iuti iti
rllvr val, rcduct lK,,Ylfl
Total deductions inft.onil 70
Net Income 1.43(1,003 2.01S,
ft.13
MS
BANK CLEARINGS
Bank ctearlncs today compare with corre
sponding day last two years:
1013 1014 1013
Philadelphia 2fl,2i'8,4ni $.10,1.12,201 Hl.Mi 412
"oston 20131,r,17 27,337,100 33,801.8(111
ITew York . ..in.O.VI.ilSS .12,11l),77' SUI.MxfilM
RATES FOR MONEY
... ., , , , , Call. Time.
PhlUdelphla .lUftM ;iw I
New York Sif02M 2i'!..1i4
I'oeton ;i ifi... 3W(?4
Chicago 3!i I 4 13414
Commercial paper, S to 0 months. Philadel
phia, 3V.6174 iter cent.
FOREIGN EXCHANGE
NnV YClltK, Ajirll 14. Tho foreign exclmngo
maiket o!,eiini steady, with demand sterling
uncharged.
Sterling. Francs Marks. Guilders
Cables 4.711",, .Mil 8114 HIH,
.Demand . .. 4.7!- 5.32 81',, 30H
DIVIDENDS DECLARED
Iind Title and Trim Comrany. regular
quarterly 314 per cent., payable Slay 1 to stock
of record April 13.
German-American Title and Trust Company,
regular semiannual 2 ',5 per rent., payable April
17 to stock of record April 13.
F. Vf. Woolworth Company, quarterly 1J
per cent., payable June 1 to stock of record
April 2S.
IIIVWENIIS
5IA11KET STHEET TITLE ANI1 TBUST CO.
H. W. Cor. BSd anil -Marhet Sta.
Philadelphia, March 31, 1015.
The Hoard of Dlrectora have thta day de
clared a semi-annual dividend of Three Per
Cent, on the paid-in capital, payable -May 1,
1913, to stockholders of record at the close
ot buslnesa April 15, 1013,
Checks will be mailed.
REGINALD B. CHASE, Treasurer,
Tea, cloae
Alliance Iniur.. 18ii
Amal Copper. 72
Am Tel ft TU.. ..
Am Hldo & la. ....
Am llw 32i
Amir smelting, ..
IliMnln Iawo.. 404
Cum Steel 49
Chi It I ft Pa.. ,
Wiecirlo tUonmo r04
lien AP pref.. MJ4
t,.n -.vMr,r rtOi
Our Circular of April 1st
Advised the Purchase of
Copper Stocks and Bonds
Price
Utah
Ray
Chitio
inspiration
Inspiration lionus , , 111 'A
Chile Bonds 100
We have a few circulars left,
details or above companies'
shall be glad to forward
HENRY & WEST '
BANKERS
1417 CHESTHUT STREET
PHILADELPHIA
Brown Brothers & Co.
Fouivni and Chestnut Streets
PHILADELPHIA
High-Grade Investment Securities
Upon request we Bhali be glad f 0 enter on our mailing ' '
list the names of investors Mho desire to receive reg
ularly our security offerings. Investors will be furnished
with Descriptive Circulars Any time upon application.
RAISE WHEAT PRICES
Charters for Three Steamers
Reported to Transport Grain
to Europe.
CII1CAOO, April 14. Wheat prlccn rid
vnnceil sharply at the openluK today.
Mny rlslnp; morr tlian 11 point and most
of tho Knln wan maintained tliroimliout
tlio eaily trndliiB. An iinxpcctctl In
crraso In export demand was the cliief
factor In tho advance.
Charters for throe steamers wero ro
ported for Rraln, ono for option of 203,000
bushels of wheat, or IWJ.OCO bushels onts,
and two with n capacity of SO,C00 bushels
oats, all destined to Krench ports from
the Atlantic coast. Thcro was also n
charter from tho Gulf to llavro with
cotton, drain nnd cotton frclrrhts are
reported comparatively scarce, but with
tho general tendency to rule easier.
Arsontlno wheat was llrm with frco ex
port takltiKs. Itccent put chases by Italy
and Qrcnt llrltaln woro larrtc, nnd holders
aif now conservative. Damage reports
nrc cnmltiK to hand, but It Is said thnt
KnRllsh buylnjr has now censed, neces
sary requirements hnvltiB been satisfied.
The South African corn crop Is proRrcss
InR favorably nnd planting of wheat has
commenced with weathoi" favorable nnd
plenty of reserve moisture. I'ortiiKal has
authorized the pui chase of 1,000,000 bushels
of foreluii wheat with the impott duty
practically removed Tho prevailing;
wen'her Is unfavorable for crops.
Minneapolis stocks of wheat decreased
3SO,000 bushels for four days, acnlnst
?:,C0D bushels a jenr ago. Sales of
American wheat nt tho :caboard yester
day wcro reported at 1,000,000 bushels.
Leading futures rnnged an follows,
Yt'd's
Wheat Oren. High. Ixiw. cloo.
Jlnv 1.31 1.B8V, 1.67 -LPfi"-,
.lulv I.2414 1.2.V4 1.2S54t.21W
Heptemlisr LHH l.ll'-t, l.lfMd tl.ltvS
orn mow dellveryi-
Mny 71
.Hilv 7."vi
Hcntember 711
i mis
Mav
.... r.ri
3
.... 4.,'H
.luly
Hcptember ....
Lard
May .luly
September ....
nibs
Mr.v
.lulv
September ....
Pork
May
.luly
September . . . .
Hid. TAsked.
..10.10
. . 10.32
10.11) 110.07 tl0.12
111.37 t10.32 10,17
U0 02
tlO.07
10.37
10.03
10 07
....10.40
.'...HI CI
. . . . 17in
....17.77
1S.I7
.... 17.32
17.77 '.Nl
18.13 18.20
17.12
18.17
LIVE STOCK QUOTATIONS
CHICAGO, April 14. HOOS-necelpts, 27,000;
market weak, 3c. lower. Mixed and butchers.
$0.03 1J7.43 : good heavj, 7.1."'fD7.18i rough
heavy, $0.0067.10; light. $7.03Jf7.2ij pigs, $5.83
M7.10: bulk, $7.2O07..ir..
CATTLE Hocelpts. 13.1)00; market steady to
tOc. loner. Ilccvcs, 3.ll3ii8.78; cows and
heifers. $1J7.3N, ntockers and feeders, $0,31(0
7.10; Texans, $0.1807 11. colvos. $0fT3.
HIIKI3P Itecelpts, 12.0CO Market 10c. lower.
Niitlvn and Western. $3. logs.n. lambs. $7.30
fll 0.33.
ANOTHER JUMP IN COPPER
IIOSTON, April 14. It was reported today
thut sales of prime Lnko copper bad been malo
tit 18 tenia per pound.
Illcctrolytic coppor prices wcro advanced
from 1W4 to lnif, nr.il 105 ei nls n pound. This
action followed sales at IU'4 cents.
MINING STOCK QUOTATIONS
TONOPAH STOCKS.
IIIil. Asked.
Jim flutter 83 .83
M.ii'.N'amara 0.1 0.1
Mldnav HI .17
Mlzpali Extension 2!) .31
Montana in .1.1
Noithem Star 13 .17
Tonopah Ilelninnt 4 4la
Touopnh lxtenulon 3 3'
Tonopah Merger 4 .42
Icuopali Mining 7 7Vj
lteicuo Hula 10 .11
West Hnd 72 .71
GOLDFIF.LD STOCKS.
Atlanta 41 .42
llluo Hull .' 03 .07
Ito.ith 43 .41
llullilorr '" .01
i- o u 01 .07
Comb I-Yac 11 .13
Dlnmf II II 02 .0.1
Daisy 0(1 .08
Florence ti3 ,tiil
floldliclil Consoldlated 111-10 IS
Ooldfleld Merger .23 .2J
.Itunrin Hxtenalon 1.23 1..IS
Kevvanns 13 .20
Oro 11 ..-;
Sand Ken , l' .1-
tsilvcr Pick 11 -12
MISCnLLANEOip.
rairs- Aztec 02 .01
Klmberley 07 .pj)
Nevada Hill ...2J X
Nevada Wonder 1.02 2.00
Operation
Operation is a vital factor
in the continued value of a
security.
Inexperienced or inefficient
operation is a menace to
actual values and eliminates
the possible realization of
estimated values, such as
"good will" or "future earn
ings." The conservative investor
should satisfy himself that
those who operate where his
money is invested are not
only of high integrity but
thoroughly competent.
When it is impossible to
obtain such information, the
element of speculation enters.
The men upon whose per
formance our success is es
tablished are a guarantee of
safety and conservatism.
Have you our booklet yet?
The White Investing Co.
Walter AVhetstonc. Phlln. Mr.
Morris Building
April 1
56
April 11
Advance
7g points
GlKi
99IA
19 Vi
B
points
points
points
points
points
39
i
441
i
34
11 JJ
3
l'i
31
126
112
which give
full
operations.
nvo
copies on. application.
r.n, 72 '72'i
nt 7r. 7r,K
7SV, tfO
',7 nnu r.nvi
,l"4 B3 tSHtt
IO15 43(4 74riT4
CHAIN AND FLOUR
WHEAT. neclple. 128,010 buahcla. Th
market a le. hlihcr In KjmtMhr wltM
Wcat. but ruloii nulct, J'01:,,lon,!.,,tlor
In cTnorl rleMitor No. 2 ml, arot. l.rsi?lJ ri.
No. Trl W,tcrn.. H.iWIl.oi. n.mJ lot",
In export levator-No. 2 mi. kpoJ ana April,
ft rifl44H.imi No, 2 rM Weatern. il.oiw
l Volt.- No ' 1 Northern Uululh. 1.0iri ns.
CJilN. Ilecilpla" looo huahela. , Trade
waVqulct. nut' price. ""'""elor-No'
ouotatlonai. car ota. in export eienior .o.
(AT. Ileee pla, fiT.tMIl bushel. The
ma ket VuTe,l Menu,', but there .waa not much
iliilnit Quotation' No. 2 white, JivjMuje.f
etanuKra white. 2iKc. No. white, 01'i
"lt5'e firm hut nulet. Wi quote nt 1.10
WLIS rer buahel, na to ouallty, ln "P" J?!'
vntor: and at Jl.0Mtl.14 for amnll lota of near-
Vull.-felpta. 1805 bbla. nn.l 1.041.
ma ". in -"oka1: 'Tho market quiet nnd
without Imporlnnt change We quota per uio
lbs. In ood-Wlnter clear, jnMgOjCp.ao..
tttrnlfcnt. J.Wf7; lo., patent, Te7.S3: K"1'
Sa atfa I At. J5ie a Ae, 0.7 toll foKr' 0 T
at. do.. atraUht, 70T.2Si rta. patent. 7..oi
f.0: Uo ravorlto branai, S7.iM8 city m s,
choice end fancy patent, , 7.7M?8: city mills,
mu1ar uradea-wlnter. clear. JrtA.3n.OO. do.,
ilmlitht. ivf?7. do., patent, 7T.2S.
ItYlJ ri.OUIt-8upnlleo "mall and the
market eteady, but Trade quiet. Wo quote
nearby and Western In wood at 0 W3U.76, ns
to quality.
PROVISIONS
Trade was quiet, but values were steadily
held. Quotations; City beef. In acta,
smoked and alr-drlcd. 25U20c., Weatern beef;
In sett, imoked. 50320c: city beef, l1""1"
nnd tenders, smoked and alr-drlcd. "B-ec.!
Western beef, knuckles and .tenders. ""iok.c5'
27iT2c.: beef hams. $.11032, pork, family.
l2S.SSJI22.7Bi hnmi, 8. P. cured loose, 18Vi
Ul.i'ie.1 do., klnned. Icotc. 1!VjOl2-e.: do,.
So., smoked. ISUWlBMt. other hams, smoked,
city cured, as to brand nnd average, IS 4
lie.; hams, smoked. Western cured, Mljg
He. d boiled, boncleas. B2'fji. f'TJ
ahm Idere. S 1". cured, looae. lOliillle.: do..
Smoked. 10Wl0y.c; fieltics In PlcWe. ac;
.nrdlnit to average, loose, 12U'dl2'Kc.i hreak
f,i. bacon na to brand and average., city
cured. 17'5,lSc.i breakfast bacon. Western
cured, 1718c, lard, Western rcflncd, tlcrcea,
llifll'ic!, do..'do., tubs, ltomic.i lard, pure
city, kettle rendered. In tierces, llilie.!
lard, puro city, kcttled rendered, In tubs, 11
6 11 Sic
REFINED SUGARS
The market quiet but etcady. Wo quptei
Standard granulated, 0.05c. , fine granulated,
CfiOc.: pondered. Oc. : confectioners A, B.suc.,
BOft grades, 0.0(V3B.OSc.
DAIRY PRODUCTS
IlLTTEIt The marlcet ruled Arm. with
a fair riemind and moderate ottcrlngs. quota
tions: Western, rrcsh, aolid-racked creamery,
fancy, specials, aic.: extra, Sl'c. extra llrstei
nic: drats. 11if30c. seconds. 2(S27c.! ladle
parked, lw2tc, as to quality; nearby prints,
fancy, .15c . nver.iRO extra. 81c,: firsts, ,TOtfJ2c:
pecondj, iliflVUe ; apeclal fancy brands of
prints Jobbing at n9S42c.
KOOS. Demand wns fairly active and
prices ruled atfady. Quotations In free cases,
noiirliv, utras, 22c. per doz. ; nearby flrots,
?UJ0 per standard caso: nearby current re
ceipts, S0.13 rer case, Western rtra flrats,
Jll.flO per caso; do., flrats, $.1 .per cnao:
Southern, f.VM'SO per case: Innoy ocleeted can
dled fresh eggs were Jobbed out at -'43Ioc.
per doz. .
CIIEESTI waa In fair demand and firm
under light offerlnga. Quotntlonai New lorn,
full .cream, fnll make, fancy. 17V4!M7Hc,: 00.,
fair to good, 10!Mfl7c.; do., do., current
make, lCVi310c.: do., do., part skims, 83I.Ic
POULTRY
LIVE The market ruled steady under
moderate offerings, but trade waa quiet. Quo
tations: Fowls, lOVitJl.c. ; old roosters, l'JB)
I2140 ; oung thickens, soft-meated, l7iftlEu:
do., do.. Rtaggy, HSlBc.. turkeys. lQ17c. :
ducks, ICftlJc, geese, lJJ'fidGc.; guineas, aa
to quality, rer pair, WH'Oc; pigeons, old,
per pair. 2.w:0c: do., young, per pair, 22ijf25c.
imUSSKI). The market quiet, but gen
erally steady under moderato offerings.. Quo
tations Kresh-kllled fowls, 12 to box, dry
pltkcd nnd dry-packed, fancy selected, lOe.j
do.. iolghins -H433 lbs. apiece, 18o,; do.,
n'ftll lbs uploce, 18c; do., .1 lbs. apiece,
l(,117c; do., under 3 1bs, apiece, HWlBc.
Fowls, bbls., dry-picked and dry-packed.
Western, 4H3 lhs. apiece, 17Vj018o.; do., do.,
HiA lbs., lfii'jS17c , do., do , !i lbs. and under,
lialCc. Fowls, ice-packed, choice, 17Hc.
Oil roosters, drj'-Plcked, M!4c. Squabs,
per doz., white, weighing 11 to 12 lbs.,
per doz.. JIWI.SO; white, weighing 0 to 10
lbs. per doz , M.40SXD0; do., do., 8 lbs.
per doz., (2.750A; do., do., 7 lbs. per doz.,
JZSi'J.M); do., do., ivg-ivtt lba. per doz.. $.1.30
1.73: dark and No. 2. EOceTll. IVozen poultry
Fonla, as to quality, ltl318c, i cblckena dry
picked and dry-packed. In boxes, mllk-fod, 81
n:iu lbs. to doz., 18c: do., SIi&MS lbs. to doz..
18c: do., 4.1S47 lba. to doz., 18c; do.. 48 lbs.
to doz., 20e.i do.. bO lba. and over. Ie.; corn
fed, 31ft42 lbs. to doz. 10c.; do.. 13JH7 lbs. to
'oz., 17c; do., IS lbs. to doz., inc. ; do., 00
lbs. and over, 20c Chickens, dry-picked nnd
dry-racked. In bbls. Western, corn-fed. B lbs.
and over. 18c; do., do.. 4 lbs.. 1717Wc: do.
dp., ZV, lba., lBVtc : do., do., 2i,53 lba.. 14(1
13c.; broilers, milk-fed, fancy, 18321 lbs
to box, 27c: do., fancy. 2.120 lbs. to
doz., S4c.j corn-fed, fancy, 18S21 lbs to doz.,
. REPORT OF THE
The Philadelphia J
Saving Fund Society
OF PHILADELPHIA
Nos. 700 to 710 Walnut Street
of Philadelphia County, Pennsylvania,
RESOURCES
Cash on hand
Due from Banks and Bankers
Investment Securities owned, viz:
Public Loans
Mortgages ..
Real Estate
$134,869,3ld.7S
LIABILITIES
Surplus Fund $ 11,394,337.88,
Undivided profits, less expenses and taxes paid 1,674,444.93
Deposits "....; 121,800,536.94
$134,869,319.75
PHE8IDENT
G. C.
VICE-PIUSSIDBNT
JAMES M. WILLCOX
MANAGERS
JOHN T. LEWIS, Jr.
KDWAhD II. COATE3
JOHN T. MORItlH
EFl-'INOHASI n. MORRIS
AUTlIUll U. NCWHOLD
C. B. W. PACKARD
J. HODMAN PAUL,
CHARLES a INQERSOU,
O. C. PURVES
T. DH WITT CUTLER
FRANCIS I. OOWEN
JOHN W. PEPPER
CHARLES W DIDDLE
IJEOROU McCALL
1IENRV II. COLLINS
CHAB. B. PENROSE, M. I
JOHN D. MORGAN
NEW LOAN
$1,000,000
WESTERN POWER COMPANY
Six Per Cent. Collateral Trust Gold Notes,
Dated March 1, 1915. Duo March 1, 19)7'
Interest payable March lat and September lt.
BANKERS TRUST COMPANY, NEW YORK, Trustee
The Company operates through subsidiaries electric lighting ad
power properties. Including extensive hydro-electrio plants.
The communities served have a total population of 911,000. and Include
Ban Francisco, city and county, and Sacramento and Alamoda Countle.
Secured by deposit ot collateral, Includlnc first mortgage bonds In
excess of the note Issue. , ,
Jncome from collateral bo deposited Hi times annual Interest charge!
on notes now offqreu.
Market value of collateral 3Q Jn excess of note Issue.
Applicable earnings for year ended February 28th, 1918. over 1'
times unnual note Interest requirements.
Price 99 and interest, yielding 6y8,
Full details on application,
William P, Bonbright & Co., Inc.
ilOEIilS W. STROUD, Jr., Moiiagfr
437 CHESTNUT STREET
PHILADELPHIA
Nir Vork Ho.ton Detroit
London I William
Pari lioabilght is Co.
' i ' i ii '..' t
23c. do., prime. 2Ji?So Ibi. to doz. M
keys, dryrplcked and dry-packed-i?lS V"' '
22c: fair to good I8320S fVld tows nHfc 1'
ducks, fancy In boxea, 17fll8c.i ft ' m?I '
o ffond. 125ifie. ! e-o. r.ht -L.:. etalnj,-
10c; do., No. 2, 12314c. "a ,lBtT, U ,
FRESH FRUITS
The general market wns quiet and wiUwmi 1
portaoit change. Quotations: Apples jl?i15,nft
per bbl.-York. Imperial, 2ff3! ore.nSS.'Sl'!
win, l2.A0dn.23l Hen Davfs, 'i jjSj ?L, .
good eating varieties, l.BOif2.Vo; mediuL "
V.riO: apples. Western, per tox siV'Pli
aprles, Iielaware . and Pennsylvania. ""! I
hamper. 600e.l lemons, per li? iVS? 1
oranges, Florida. per box, liKSi-Jin
tangerines, Florida, per strap, irioSiK5
grapefruit. Florida, per box, ll'tioni !v V;60'
. innrifin. nt k- l. i. .v
appies, per crair i-orio Hico. 3B3 fto- W...S
jJiVn; rranberrlea, fancy lilJi varliii!or,tof
nbi. 3r,oiM.BO; cranberries, .' ""
crate, 23W7re. etrawberrlea. pu!S,7' Wr
nitsrt. 20W40C --".,
m
VEQETABLILS
There -was n fair inquiry for ehotes .i-i. 1
most every description and value. gSSlirf
t.Wai.7BI maatiim . S SSI, nl1
potatoes, ;astcrn ehore, per bbl. No i m'XJ
8 23i Uo 2, M.BOai.70 ; sweet. J.'r.U,'
bhi -.vo. 1, a.-ihai.fti wo. 2 mn':.Z
i"VX. R?V BK.7A.1SS-i.23l onions. itilS
rolk. Tier bhl , li lettuce, Tex... fT, t.f.r"
basket. C0376C,; do., riorlto. r iN
7oe.fMt.23; beans. Florida, c, Vtr bJI,
2fli.B0: do.. Florida, green, pTr ff.i.tfiji
A.fi): peas, .Florida, per basket. MeiP ?
, uiru i'nuy. . vjugmuonii; wnite liftt.
bush, Pennsylvania, BlvacOc: MalnV 'rHi.r
New'Tork, ns to quality, &&.,&!$?&:'
toes, Florida, per bbl. No. i, S kooni V?1!
4 tbnti; snet'potntoes, llawaref pt?!hS; V
Largo. t.2fai.7Bi medium A iSK "amper
i-vr iwid uk, .'iiw.vo; ao.t medium twi .7JP
Jh. bag. il.23OI.B0. do'., unSai, Ktltoft
bag, 7r.odl cabbage., liant.h. pir ten ti&
80, do., Florida, per basket, Ltm j.7 i5r
flower. New Vork. per crate; "i'i gpgr.
splnnch, Norfolk, per bil.. StBoaa.ViiJ.?3'
per'ba'skYj' WrrtSlfffi fj
carrier. jraj.2S; beets, Florida, pT? ?SI mm
bunches, -Hia; tomatoes, Florida, per ah - SI
MU...tFii rrinry, fioriaa, per crate II H:
do.. New York, per bunch, BBSBOe.: aaeara'
South Carolina, r ibunch. 20ad5c.P nwX
rooms, per 4-lb. basket, C0c.l?2o. '
NEAV YORK COFFEE MARKET
'NEW YOrtlC, April lt,-Irregularlty ciiis
acterized tho coffee market nt the ommJ?
Futures woro up 1 point to a h point. KSuSt
Trading wus active. ITIces follow! "
Yesterday's Yesterday.
Merch V:B237.B5 7,mS?.V4
5-5IS8-'55
7.S9T.:7
tsSt.m
Mav
. 5.0785,68
.S.l7
. 7.07JI7.08
! i'io&T.Vi
.7.27
.' 7.82V7.38
.17.42
Juno
July
August
September
October ,
November
December
January
February .,
Bid. tOffered.
Sales, 12,000 begs
Sound Investments
C Wc have several excellent ,."
examples of sound invest-
monts.
We would bo glad to have
you call or we will call on
you regarding same.
BANKERS
132 South 15th Street
$100,000
City of Phila.
4s
Due July 1, 1939
Particulars upon application
A. B. Leach & Co.
115 SOUTH lOUIlTII STItKET
Boll Phono Lombard 257,
New Yurk Chlrnco lioslon London
CONDITION OF
at the close of business, April S, 1915, 9
.S 2.220.836.U:.
. 4,708,436.045
127,783,331.14
..$113,816,319.45
,. 13,967,011.69
156,716.44
PURVES
SECItETART AND TREASUHBR
SAMUEL WOODWARD
JAMES LOOAN FISHEU .
ROBERT C. DRAYTON
ALBA B. JOHNSON
FRANCIS A. LEWIS
S. PEMBERTON HUTCHINBOJI
THOMAS 8. OATE3
STEVENS IIECKSCHER
IV HonbrUUI Co,
m
1