blG.
14
' ' . .
mVENING LEDGER PHILADELPHIA, WEDNESDAY, FEBRUARY 2, 1
tit
m
mm
FINANCIAL NEWS
SUPPLY OF STOCKS EXHAUSTED;
.. BROKERS WERE BUSY IN WAR ISSUES
.Vfrpward Movement Started When Buying Orders Ap
'.'" peared Through Conservative Houses Greatest
f.v Gain Made by Willys Overland
NISW VOKK. Fob. 2.
,, Today's nctunl stock mnrkct dirt not develop until nrouiirt midday. Prior to
Jhat ttrno there h.ltl been a llttlo fecllnpr of the situation by some of tlio room
trader's who were disposed to regard yesterday's strenstb ns simply a halt In
(liquidation, to bo followed by renewed supply at t'onrosalons, but after some
J)t these traders had sold stocks nt concessions and belated liquidation of
Speculative holdings occurred, It was demonstrated that the supply of stocks
Jjad been exhausted on the declines In the last two weeks, which apparently
culminated on Monday,
Tho favorable rnllroad earnings, divided Increases and Industrial outlook
proved to have exerted a broader Influence than Wall street seemed to com-
jprehend. When buying orders appeared through sotno of tho conservative
cbmmisslo-n houses an upward movement started which gained In force In tho
late afternoon. The range of tho market was Indicated to a great extent by
tho advance In United States Steel common from SITa to 83?i, and this advance
jvAs followed by proportionate gains In such stocks as Anaconda, Krlc, South
;ii Pacific and Reading.
Brokers noting for bonking Interests wero busy all through tho day In
war order stocks and there was aggressive buying of those Issues at frequent
Intervals. The greatest gain was made In Wlllys-Ovorlond. which roso over
11 points, crossing 21C. Crucible Steel ranged from 7I& to 7-1, Texas Com
pany from 1D6V4 to 200 and Studcbakcr from 143 to 118, while Industlral
Alcohol, after selling at 1C5, dropped to 1G3H. Many of these stocks aio steadily
going: out of Wall street and as tho capitalization of theso companies Is small
current trading necessarily consists to a great extent of switching of contracts.
New York Stock Sales
Notice of Defaults Received by Stock Exchange
Notlco has been received by tho New Turk Stock Exchange that interest
duo' February 1 has been defaulted on tho following bonds: Hoonvllle, St.
Louts and Southern Hallway Company first mortgage 40-ycnr C per cent,
guaranteed coupon bonds of 190; Central I) ranch' Hallway Company first mort
gage 4 per cent, bonds of 1919; Missouri 1'acltlc Hallway Company first col
lateral 6 per cent, bonds of 1920.
. Ivt close. lltRh. Low. Close.
Al.isk.i Hold Mines ... 21 S3f 2.1U 2.1W
Alll-Ch,i1men Mfg ... 27H 2HH 27 23
Allls-Chalm Mfg pf . . . 7815 80 711 80
Am Ag Chemical (tfjj no'f OB'l CO!,
Am Ag Chemical pf. . . OS 0SM 0SH !W
Am lieet Siiwr (,v,( 05 W W4 HM4
Am Tan... (2i 02( sH (12
Am Can pf 1 12 1111110 1UU
Am Car & Foundry... 00 08) 00 08
Am Call rrotlucts... lfl.Wit 107 1(13 MS
Am Cotton OI ran mi m M!(
Am lco Securities 20'f 2(H 2Hf 28j(
Am Locomotive. 05' 07 0." no!I
Am Locomotlro pf....loiii 102 102 102
Am Smelt A Itef ORIS 1( )8 1015i
Am Rleel Koumlrloi. .. ,'Ml Mil M tAH
Am Suear lleflnlng. ...U2 2 WMi
Am Tel & Tel 120K 127 120!. I20U
Am Tobacco 201 200 20IU 207!f
)m Wool lr r 40 60' -IPX fiO
Am 7. I, & Smelt 071 OS Q7) 08
Anaconda Copper Mtf SOU M M'4
Asset Realization 0 V-H 0'j 0!
Asioctaled Oil 0.1 001 0." CM
AlchTASF jotn lni!4 iO'Mi 101H
AtchT&SKpf 100 100 100 100
llaldwln Loco ll()J 114! Hi!)' 1MK
iMiumora imio 88 80 88'ii 80
llalllmore fe Ohio pf.. 77 70 70.' 70!f
iiaiik or rnnirnorro....l?;i 17:1 17:1
llrooklyn Itap Tr SOW 80'i MP
Ilrooklyn Union (las..l.1(ij 12!) 120
nurni Hroi HVi Nt S.'t
Hush Terminal no loo -loo
llllttn & Sunerlor 77U 78i 70f
Cat 1'etroleum :i(ii HI 8oi
Cal Petroleum pf 02 (Kl 02)
Mil' 170U Mil
r,'2H fi2.'i 02" li
rep
22,'j
ran
ViH
JAPAN CANCELS
LOAN IN LONDON;
HELPS MARKET
Taking Up of Bonds the
One Bright Spot in
Trading
BARGAINS IN COLONIALS
o:u
:
r,m
i:i
:irH
07 H
70
NARROW MOVEMENTS
IN CURB MARKET
Trading Less Active, With In
terest Centred in Some
Specialties
NEW YORK. Feb. I. Price fluctuations
In tho market for outside securities today
wero within narrow limits, although the
;gnerali undertono was firm. Trading as
whole was less active, with Interest
centered In about a half dozen of the
specialties.
' itldvnle Steel moved at a range of '.4
on comparatively small dealings. Culm
jCane Sugar moved up ?: Submarine Boat,
after, an Improvement of "is, lost the
larger! part.
, ThcT'motor stocks ruled steady hut In
active'. There was a slight Inquiry for
Chandler-Peerless, but It cased off .
White Motors, after a gain of , reacted.
. Oil shares wero Irregular and compara
tively quiet. Cosdcn ruled generally
strong and fairly active at an advance qf
;ir
C'-t
n
SO
i::o
in
o
114
F'
IS
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V.I
w
i55's
f
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:: 4:i
. . "VI
.. 711
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. . 4.-,
..14Q
.'.' nil
.. ii"i
'.',-
:: iT
. . so
, . ni
. I!!l
.. 21
. 4S
Amorlrein.nrltlHh Mfe .",0
jVmerlcan Alarconl J
Atlantic auir & w I s s
do prcryerrcd
Ajar uubbor lnc w I ....
Canadian Car & Foundry
Canadian Car & Fdy pfd ,
Chevrolet Motor Car ....
Chandler Motors
Cuban Cane Sucar
'Curtlss Acroplnuo
DrlEKs-Scubury
rilienlohr
4?Ienlohr preferred
iirllreii.Seahurv rts
Ihukcll a lt-irker Cnr
Uendee Manurnrturlni:
'titer Mer ilarlne
, a.1 pref i
iW Nickel
KMf SprlnRfleld
K..v2.Jlon llronzo pref
I. i lire
.MHUnatuin Transit .
Maxim Munition "
Mldvale Bteel ("t
Otis Elevator :
Peerless Motor 27
Poole Ens & Mnch 11"
Ht Joseph Lead 14
H B Kresee w 1 , HI
mana aiowrs
Submarlnn lit v t c ctta.
Triangle Film v t ctfs .
United Protit SharlnK ...
U S Ught & He.it
tf S LUht & Heat pfd .
White Motors w I
tVorld Film
STANDARD OIL, SUnSIDIARIKS.
Illinois P L, , 1711
Ohio Oil '-00
S O or California , .'170
H O of New Jersey 40.",
8 O of New York 201
Prairie OH 221
OTHER OIL, STOCKS.
Cosden Oil lfHi
Chalmers OH .1
Houston Oil ID
Midwest Reflnlne ."1
Sapulpa , Hi J
MINING STOCKS IN NEW YORK
Atlanta 20
Ilutte. C : 2 v t ctfs 7'i
Butts & New York 2'4
First National Copper li'j
Ooldfleld Merger 17
Heclo, Mlnlne , HT,
Hone Sound I'.U
Jim IlUtler 02
Jumbo extension l'ja
Kennecott Copper , r,2
McKlnley-DurraRh 47
Mines of America , 2U
Nlplssin? Mines Co 7U
Bsn Toy , II)
West End Con 7.1
West End Extension 2
Magma , 15
HONDS.
Erla rights H
New York Bond Sales
IflSll.
i Iirjii
.,s n.-iij
K71A
112
112V,
Kill
Oil
II IN,
toil,
..lotii.
. . 11.-.
. . i'2;
IIS
311
Mi
.TO
St
1
3i;
ml
Bl'5
1R1
202
:i7:i
r.oo
20,
22S
ini
ll'l'j
r.
21
i!;
:it,
n
ni
21
-11
a
J3U
$.'iaim Amer Acr r.s
jtiHin, Ancio-i-r I.
I OIIO Am Irn On
21('0() Amer Smelt Sec Us
:hkh Amer Tel olt Is
.'.(Kill Amer Tol evt l".a.
1iici Amer Writ Pan .Is.
12000 Armour Co 4't.s
KIKIO Atchison cen 4s. . .
minf) Atrhlron rv 4h 1"
iihio Atcniion ..q . .. .
14HOO Halt ft "hlo .'IWs
.lUlKI IMIt A lllllo 43
liM'OO Halt ft Oh -W44s...
-(ion Halt - rj'Suii ,'ius H2U
.mho ll.Hi steel rfd ns 102i.
WWII lirkn Han Tr r.H HUH.lixi'i
limn Hush Term llldi; r.s... X7,1
lwin Canada South ."s HIP.,
iiono out li it n J r,s it7
.lliiiiii ciilll Copper 7s 1:11
2ri(Hio Ches H Ohio cv 4ijs.. .ss
111,00 Chi II - li Joint Is. !isi
.'lomi Chi 11 .t Q (ten 4n.... u:!
r.Oi() Chi M .V S P dlv 4. . Ill
mon chi m & s p cp r.s.iot?;
211(0 Chi M ,t St P cv 4'jS.KII',
,-Olhl Chi M .1 S P Ron 4'iiS.102
nono fnnn rias cv its 122
run! Cumberland Tel .Is tr.it,
WiOrt Pel A II conv r,s I p.Iiitti,
20IHI0 Den & Hlo Or 4s.. 77
.-IKK) Iieirolt EdlKiin 1st .s.Io:ilj
.iniin nctrolt United ts. . 7(i
Hi m Erie sen 4s 7C
menu Erie conv 4s scr u so
i:i.mn Ren Klec deh ,1s 111."
."( on (liunhv cons (is H17'(.
7IK1I1 Hud & Man In Ss .TO'i
1000 Hock Vnl I'(b '.14
IKKIO 111 Cent 4s lP.Vl MPS
IKioo Ins Copper cv lis ISO
22(00 Interh Xlet 4Us 7.".li
1000 Interb H T rcf ,1s P!
1000 inter Mer Mar 4!-s. . .102ij
2111000 1I0 ct 102S,
.'1000 Inlernl Paper lis 102
MOO Inlernl Stm Pmp ct .Is 7Si;
WlnO Kan City So ." KTh,
1(100 Kan City Tor 1st 4s.. RSi,,
2fKi0 Klncs Co Kiev 4s M
11100 I.acka Steel .13 llliSI... OSKj
81000 1-icka Steel .Is lino... HIH-,
imio ljiclede Oas 1st .in 101
.1000 l.k Sh deb Is 102S n.V',
l(io 1,-h V'al 4'-is 101
SOOO l.ls fJI T .13 1II2V1
11(100 lxjuls U Nash 4s tin
.1000 Minn .4 St 1, Is .171'.
." 00 Minn St p S s M 4s. . . in',S
7000 Mo Kail & T 2d 4s... 4(Ui
J.10W Mo Kan A: T fd 4s.. f.2,
7(00 Mo Kan & T us (I.-.
.'toon Mo Pno cv ,1s 4P.J
ISMIO Mo Pttc .is m
2I1H0 Nat Enum &. Stp .Is.. H7VJ,
:iooo n v u & h ains siw
2.1000 N VCk Hud 414s...tlli
40(10 .V y Chi St I. 1st Is. IHf
S'ioi.i n y Cent cs 11.114
soon N Y Rivy rer 4s 74f
Hwim N Y rtwv ndj .is no
SOOO N V Tel pen 4tis litti
lloim Norf West Pooh 4s.. 10
20011 Norf X- West 4a 0.1V.
:(0(io M,rr ,t West cv Uis.1l.Vw
lllch. T.ow. dns.
iik;i ilia's
SJl,
111
lC'i'.
10(1
70
IIP
Pl'i
llil',
101U
!ii,
1121,
1I7
H2H
1II2H,
100',
til
S74
IISl,
m
II2.1,
101.
1017,
102'!,
1211J
llllllj
77;
VWt,
7(1
711
Ml
lOUi
1H71."
i;r:
Sli2
Kfi
7.11
inn,
102U
HC
l(rj
7.M
!lj
SSLj
S3
nsu,
11.-15
inn.
1HI
loin
102
11.1
it
N7L.
112
II2H
Km
7(Hj
llll'j
11.1
101 If.
H11K.
HI'S
H2(i
117',
112',
ln:M,
llNl'w
S7i,
11 US,
II ,
i:ii
ss
IS1,
Bins,
11.1
Utl
lilt'),
1(12'!,
nii',
7(1
SO
111.1
1H7i:.
ni
Mil'.
M1
7.1L.
11
102H
1(12(1
102
7SU
11:11.',
ssii,
s.1
IISlA
mi
ini'i
n.i4
inri,
102
ll.Vl
Canadian I'arlflc
Central Leather
Chesapeake & Ohio.
Chile Copper
Clilno Copper
Chloaco (It West ...
Clito.ici (it West pf.
CM Mil & st 1
c c c & at t. of. . .
Chi A oilhwestern...LM)
Chi It I & P.ic 17
Col l'liel & Iron t.'l'i
Col & Southern 2S
Commit T Itec Co IS
continental Can "7 77
Continental Can pf. ...Kill 11)7
Consolidated Gas VfTH l.'iSU
Corn Products Hef. ... 22' i 'iM
Corn l'rnd Hef pf Ilflij
Crnx Carpet Co .11
Cripple Creek Cent ... 27' !i
Crurllile Sleel 7(1
Crucible Sleel pf 112
Cuban-Am Sucir inn
i;uiMiKm swear pf. ..mi
02!,
2;i
r,2H
12,'
on;.
70
17.1
w;,'
121)
Kl
1(11)
7H
:u
(I2'f
170'4-
c.:!
f,:tH
i:i
Mi (
D7M
o
12!)'.! 12nM 12!)'
IS'
iuH
as 4
is
Del I.acK & West.
I)cn & Itlo (lr pf
Detroit V lilted Ilj-3..
DMII Sec Corpn
Diamond Match
Dome Mines
rlrle
Krlo 1st pf
HrloSl pf
Fed Mill & Sm
Kin Mln & sin pr. ...
fieneral ICIectrlc
(ieneral Motors pf
Condrlch II K Co
(looilllch 11 K Co pf.
Orjnliy Conjol
(ireene-Cananca
(It Northern pf.
!2.'l
ltljii
S'Wf
I.Tn
107
2S'i
r,:
in
fi2t,
170
0113 i
I2'i
13
7S','
HH'j
10!)
101
22.-J
1DU
7!)
Hi
1
mi
2SJi
IS
7(1
107
Vi7H
22'
nil1,
124
in
7V,
10.V.
inn
Kill
22.-I
ID.'f
7,V4'
ir
17f
l(l'4
as)4
is
70
107
lasu
1!2H
MH
12'i
III
77;,'
HUH
HID
101
22.1
ltl'f
7j3 1
in;.
io.-;' io.-iT.' io'.;i
S'i
r.:i?4'
is
171
is
12'i
18
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o2U
10!)
!S!i
ns'i
mi
is
0
111H 1117k IlUi llUi
0!lH
11.1
H.1
I7'
121'
(it Nor cfs for 010 pr. . -IPX
.1.11
:"
7000 North Pao prior 4s
IKK) I'enna 4s HIIS
::ooo do gen ct 4!4s ....
.UNTO do en 4 Us
r,OiH) Public Serv N J .Is
40TO Itendlnir Ren 4s ....
4000 Hep 1 & s ns
2.VI00 Ilnck Island 4s
21000 do rfd 4s
SLK) do .la
2100 3 A & A P 1st 4s..
201 0 South P.ic 4s
14C0O do cv 4s
22.100 do cv ret t 11 5s..
I MTU do rfd 4s
400110 South Itwy ton Ss..
10(10 Tenn O ret f p Ss..
20O0O Texas Co (Is
2.101)0 Third Avn ndj 3s..
liioo Tol Peo & V 4s
11,00 TrM'ltv .Is
luio I) H Realty .Is
2I0J0 tl S Rubber (Is
KiodO U S Steel .Is c f . .
14000 Pnlon Pao 1st 4s...
210nfl Union Pnc cv 4s
2000 Pnlon Pao rfd 4s .
.lono Vn Car chm Us
noon Va ltwv .Is
2.1(Kii Wabash 1st
40(m) Wabash 2d S3
::ikjo vwt snore
1000 tVheellnir t I. F. 4s
41X10 Wlscon Cent & Dul Is
ill
4(lj
11.1
1174
Mir
11.H1
7415
r,!nr
IKIU
1M)
ll.IJi
llM,
iwt,
'.
hi')
102
in.v
no
11.11.1
1171-5
S.1
in
4:1
1)4
07
ilDIJ
102
icit;
no
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PS
ss
t.' -. 4.1'.,
114 U,
!H4
11.14
7HlJ
lili'a
HO
li:i
11.1'i
p.'1'i
117
itW
HI2
1(1.1',
no
n.iK.
S.I
111
4:11
s7i;
. Ml',
.1001,
. no',
. K'2'k
.120
. 10.11;
. S4i
. .1s-)4
. US
. 1I4H
. up,
.lin
'S'i
Ml
10.1'li
no-i,
lirj'i
120
J 0.1
s.-n:
.'.si.
Ill's
71
Ktti
',
Stl
1IHIH
hoi.
1112'',
12(1
10.1
S4H
.IS"
(iiiRKeii Kxpln
Illlnols.Central...
lot Acrlcullural 21
Int Acrleultiiral pf. . . . .vs'j
Int Hnrv N J HOIi
Int Con Cor v t c sh. 173f
Int Con Corp pf 7IJ
Int Paper Co 10'i
Insp Con Copper 11 ' i
Int Nickel v t cfs 20.V1
Int it M cfs or dp 1S'4'
Int M SI pfc of dp.. M)','
Kan City Southern 2C4'
Kan City Southern pf. 01
Lack Steel 8P
Lako Ilrie & West pf. . .'17
11.1
O-l'-i
I74
122
10' i
2-JU
IOJ'4" 100
Ihteh Valley
Lorlllard P Co
Maxwell Motors
Max Motors 1st pf. .
Max Motors 2d pf. .
Mexican Petroleum. . .lO.lif HHVf 10HS 10."iJ
Minn st 1.01113
Minn & St Louis pf. ..
7f.'i
.lST.
. 70
S7
fil
'M
01
111
IS
71;;
10M
l.l.'X
2on
IS','
Ml.'
211' 1
(so;.
SI','
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77
1S.
7.1' i
1
(i!lU
11.1
112
17
121
1.1!.
22lf
ldo'
21
00
now
17'i
7-1;,'
10! 4
Wi
201
17?,'
7!)'j
2I1W
00','
Sl.'ii
:i.i
70
1N.1
09 j
87
r,m
11:1
01
I7,'
121",'
1.1' i
22! i
100
22W
01
lit
17'4
7-Pj
1(1! J
ir.'i
200
17'
80'
20J,'
OO!,'
82
18.-.
7.1
8S
1
.-.w
16
0
1.-.W
15H
lc5W
Mtnn St P & S S M. .121W ll'IJi 121',' 1217a
0
UH
37
a;.'
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7(j
2.1W
91
fS'f
lo.'i
It
35;
2.151
01
07! '
l.V
0
11W
30;
W4
7.V
08! .
VM
ll.-.H H7)i 1I5J ' MO.'i
07
10.-.U
20! i
110
SO
GO):
0S!j
100
27i
117
'()
.11.1'i 11,'iH 112U 11.1,'i
lis Kill,
3 0111.5
4s 1121 J
ini!j 101
114
inn
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01
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11(114
1)21 f
ren,
W
SECURITIES AT AUCTION
Thcs following securities were sold at auction
today by Dames tc Lotland:
STOCKS.
25 ihrs. Vestern North Carolina Land
1- Co.! par 100 J.1
10 hrj. Wayne Junction Trust Co.: par
. lpo ...100
BO ihrs. Chestnut ItldEe Coal Co.: par
100 5
5 shrs. Farmers and Mechanics' Ka
' tlon.il Hank: par SloO , 126
3 jhrs. National State Hank. Camden,
' ,N. J.: par 10O 212
170 rlKhts to subscrlhe to Abrasive Mate-
rU Co.l par flllO Lot J23
7 shrs. Bank of North America: par
.1100 , , 21314.
a nra. tianic ot .".orin America: par
4U
21.1
S shrs. Hroad Street Hank: par $.10.... tiO
a shra. Farmer ana Mechanics ra-
tlonal Hank; oar Slim r 12
4 shrs. Fidelity Trust Co.: par SIOO. . 720
30 shrs. Franklin Trust Co. ; par 150. . .HH-i
3hr. airard Trust Co.: par SlOo KM
t ahr. Pennsylvania Co. for Insurances
on Uvea and Urnntliiir Annuities:
par Siuo ., 7.10
3 shrs. PhlUdelchla Trust Co.; par SI0O 74 11
2 shrs. Ttona Trust Co.; par S.10 .1(lt4
T shrs, Tioga Trust Co. ; par JVJ 5UV,
- S shrs. Philadelphia Co, tor duarantee-
Ins: MortKaKes: par SIOO jeo
2 thrs. PBIUdetuhui Warehou.liiK and
. ' Cold Storaso Co.; par SlCO 01U
ti surs. Camden Fire Insurance Asso
ciation: parlj 10'i
M ahrs. Fire Artioclatlon of Phlladel-
phla: par SSO .,,.. , 310
tS abrs. Insurance Co. of btate of Penn
ylvanti: par SI10,.., "100
4 Shrs. Second and Third Streets Pas,
senver Railway Co , 30
4 shrs. Thirteenth and Firteenth Streets
lasseruier Railway Co 2T1H
10 shrs. Union Passenger luilway Co... 183
40 shriii. Pennsylvania Salt Mauufactur-
Co.: par S-IO 03
. 4 shrs. i. Q. Urlll Co., preferred: par
SIOiii 03
so snra. l-nnaueipnia uourse. preierrea;
wr S23 ,
10 stirs. Philadelphia Bourse, common;
JOO shr?,' Pratt i'ood" Co,';' par 'i I '. '. " '. '. '. '. '.
:.- . BONPS.
UWiO Preston Fuel Co.. 5 per cent., first
ntortxaxe. coupons March and
September, aue (ih.i.
20K
Stt
fsWi PrMtaB Hul Co. S ner cent.
illW UdK. MM lM.ua P, il, W.,
noer.
tint
nd
't
soar
&n..Kd ,A ,ut
l(J0O PittsburKtt Terminal Warehouse an4
. Transfer Co.. 3 per cent., first
una refuadluS niortifane, coupons
liar and November, due lKUS. . . .
SWX) Southern Traiuportat'on Go.. 7 per
fpni iinivriiuri'. juniuir
at.. dvtwnturv,
sU
and
lt.... .. , (i-X
SlJOO Sprltuiflcld rvDcolldatea Water Co..
poiis Majr and November, due
SOU
03
S3
PATES FOR 3I0NEY
Pk
IMP Tfiiffe ..,....,....L....,
aUBBSSHiisHIBBAsBE -. - -, - -. 114114 -k )S A 4 . t ''l
COTTON MAHKET HEAVY;
LIVERPOOL CAME LOWER
Considerable Supply of March Forced
the Price Down Spot Houses Sellers
NEW YOniv. Feb. 2.-At the opening
this mornlns tho cotton mnrkct was bare
ly steady, with prlcep S to 0 points lower.
Ttecent bears again supplied various op
tions and uptown Interests were sellers
of Jlay and October. The buying1 In
most Instances was scattered, with Wall
street houses and some spot traders the
lenders, Other spot houses sold May,
July and October.
A subsequent break carried prices Into
new low ground for the movement, with
May selling off to tl.00 and July to 12.01,
or 15 to tfi points under last night's clos
ing figures. There was covering nt this
level, and rallies of 6 or 7 points followed.
Liverpool was due to come 3 to 4 points
higher, but at one time showed losses of
about 10 points. Just before tho start
here, however, sharp rallies wero re
corded In the English market, so that
prices were unchanged to 3 points lower.
Temperatures were lower In practically
every section of the cotton belt this
mdrnlng-. The map showed rain in the
southern ond eastern portions.
yes. close. Open. With. Iow
March ...
May
July
October .
December
Spot
11. SO 11. SI 11.8.) 11. TO
12.0T 12.00 12.0!) 11.0(1
12.2:1 12.10 12.20 12.04
12.22 12.i:i 12.20 12.00
r.'.ri--. 12.28 12.3S 12.21
lt.lO
Last.
11. SS
12.01
12.18
12.2H
12.3.1
11. DO
SJs
12) i
mn
107
vi
'ii.'i
107
9.-)?-fiSH
10711 100
5Ji 5Jf
(1
12'i
.07)1
107U
V.'H
'!'
107
05J5
.01
.aio ivan x ic. .Vi
Mo Kan & Tex pf.... M'$
Miami Copper ISoJi
M Isbourl Pacific Oil
Mo Pan tr rfs ,1
Nat Cloak & Suit 70Jj.
Nat Knam & S Co. ... 234
Nat Knam & S pf 9.1
Nat Lead Co ()7!
Jsev con Copper .1i
N Y Air Ilrako. .
N Y N II & It r,7,'j OSJi
N Y C & II H 10j)i 100'i
N Y 0 & West 20J1 27! a
Norfolk & Wotern .... 1 1 7 117
Norf & West pf S.0JJ SO1
North American 00 70
Northern Pacific..
Ont Silver Mln S
raclfic Mall 12'1
Penn Itallroail .OliJJ
Peoples Gas Chi i()7!l
I'hlladelplih Co -Vi
Pitts Coal Co N J H2
I'ltls Coal Co N J pf . 100
PltWhiirelt Steel pf. ... 00
Pressed Steel Car .00
Pullman Co 103
Quicksilver flij
Quicksilver pf ........ 7JJ 8 K
Hy Sleel Sp Co 381J -10 38
Itay Con Copper 23JJ 2131 'Siii
rtcadlni; 77H 78)1 77
Republic Iron & S .00'$ fit ,01
Itepubllc Iron & S pf. .108 109 10S
Kock Island pf V,
St Louis Southwest... 19 19 19
Seaboard Air Lino 17)1 17)1 17
Seaboard Air Line pf. . 38 3Slj 38
Sears Hoobuck & Co.. 180 182 ISO
sios-shef s & i any, .osw .07JJ
South V II Sub Pf 107 101 100
Southern Paclllc OO'l 10011 09)j 10011
Southern Hy 20J1 21' 21 21'1
Southern Hy Pf 59 ,09i 59 .VMi
Studehaker Co H5 130?1 Ml 150
Tenn Copper 55!1 ,0OH 5.0 50'5
Texas Co 100W 200 107H 200
Texas Pacific 8 H'4 7Ji 8
Third Avenue 001$ 00 CO (V)
Union Hac & Paper... 7i 75s 7ii 7j
Union Bag & Paper pf 30 30 30 30
United Clear Stores. . . O'f 9)1 Oil 0)1
United Clear Mfrs pf..lO0j 101 100 100
Union Pacific i:J 131 1321 13-1
Union Pacific pf 83 K.H1 S-'I 8:1
U S Ind Alcohol 158VJ 10.H1 153U 155h
United Fruit Co 37H 138 13711 138
UHC1P&F 17'f 18H 17H 17'
USOII'SFpf 49 50 50 50
United Hys Inv Co.... 10)1 17 17 17
United Itya Inv pf . . . . 31 33 3 33
U S Hubber .01 53 MH 62 H
u a KUDuer 1st pi-. . . wt ill Kiii'i
U S Steel Corpn 82) i 83H 81H
U S Steel Corpn pf... 110 110 115JJ
US Express 45)1 -15!1 45H
Utah Copper 7751 70)1 77J
Utah acurllt63 19H 20J, 19)1
Va-Caro Chem 47!i -17.-1 47
Va-Caro Chem pf 1 1(1 110i 1 1(1
Wabash 1.0 LOW 14J1
Wabash pf A 4a
Wabash pf II 29
H'i
12)2
,07
107i
42' j
32' i
107
O.0'J
.07
100
.05.'
8
10
SW
78)1
53Vi
lOSii
n
19
17
3SJ5
182
SSJj
103
FAIRMOUNT COAL CO. SOLD
The Uuffalo Coal Company has. sold Its
interest In the Kalrmount Coal and Coke
Company to Louis P. liader, of Boston.
All the stock and bond holders have the
privilege of selling their holdings at the
same price and upon the same terms and
conditions as the Buffalo Coal Company,
the prices offered being 1219.30 per bond
and 10 cents per share for the stock, on
or before March 31, 1916.
The Uuffalo Company la a subsidiary
of the Western New York and Pennsyl
Vanla, Hallway Company.
NEW YORK BUTTER AND EGGS
new yofiK. rb. r m-rreit-uiiriMt
flrioer too grade. Becslpu, 31(M package.
eitra irmuiary. 31$su4c. higher scortng, 32Q
wSrv-LSta! 11 26ilctoluttOfi crean?
TbSratriM mw. RwtJ.
m&smssssitm
npE.vfpV i IIUJp-J CSf,
West K & M.
Western Maryland.
Western Union Tel.
Willys Overland....
WooUorla F W...
05'
. 27
- 88
.205
..120
451,
20JJ
00,
20)1
88'$
45
28,
05J1
20
KSW
-'18 208 218
123 121 123
100)1
83)i
111!
45H
70!(
20)1
47'i
110
15H
451
29
CO't
2011
fcjji.,
Consolidated Gas Company
of Pittsburgh
This corporation has defaulted In tho
payment of Interest, due February first,
on Its Issue of J5,000,000 five per cent,
bonds, secured by first mortgage dated
February 1, ISM-
In the Interest of bondholders, the
undersigned have been constituted' a
Committee to take such protective meas
ures as may be necessary. The Com
mittee Invite all holders to deposit their
bonds with the Pennsylvania Company
for Insurances on Lives und Qrantlng
Annuities, No. 517 Chestnut Street, PhlU
delphla, which has agreed to act as De
pository, A form of deposit agreement
is In preparation. In the meantime, tem
porary protective receipts will bo issued
to all who deposit their bonds.
C. & W. PACKARD. Chairman;
WILLIAM P. OBST,
THOMAS a aATBS,
B. a PAGES, - '
O. W PBPPBB. Commute,.
Counsel for $b. Committee. j
By FRANCIS W. HIRST
l'Mltor The tlcnmynlst, London.
Special Cable to the Evcninp .crfper
LONDON, Feb. Z.-Tho wenltncss In
New York Is not surprising ntter the
long period of oxnltittloii in tho fnco of
persistent liquidation from Kuropp.
Tho full In rubber slocks lins upset homo
sppiMilntotK. Altogether tho stock lnftr
ket Is illsplrlti-d, except In the nectlon
ot Jnpnnese bnmlii, which nre being enn
colod hero and nre n very welcome nlil
from our ono prosporous nlly,
Among homo rnllwnyn tho Oreat Inst
cm, which ling nil Ainrrlcnii mniingcr, Is
tlio only company so fur to Incrcnso Its
dividend rate.
President WIIsoii'b now nttlttldo puz
zles our press. According to otin nullior
Ity, ho Is moving slmifltniiroiisly ngnlnst
silbmnrliip murder nnd ngnlnst blockade
ntiomnllen.
Thp relense of colonial Block minimum,
linn opened many gllt-cdgo lmrgnlns to
Investors, but, of (Otlrso, purchasing
powor Is .i.ndly oxhniisted by the wnr-lonn
comblniitloiis. Fortlitintcly, news from
(lurmnny Indicates Hint Internal distress
Is decelerating "penco preparedness"
there.
Sales in Philadelphia
mi T c t:i'4
pM (in;i
Iron 44 ?
hrl.i Steel. 1M
Lit West... W
ttlffh. t.rtw.
20 Alllnnre Ins ...lux, .ln .W
10 Am tins 122 122 122.,
in 'Am Hwrys pMJi-IM 1H .mU
,10 Atchison .....1m loi'i loHi
ICO Am loco WW (KH4 (K11
Hill .m Car IMf OS ns OS
2ii ltolrf iico ..Il.li-i 112 '11.114
I'll tli.rr A . T. r 1'tli J)lir J'Jl
l.i tin
2IK t'am
.l!i22 fnmbrl
loo V.M tit
,-o i-ep HtoniRO. . in
21).-. Krlc , .li.
to ttcn Acn orcf . . "nj;
2-J0 Ins ro N Am. 2(l4
.ill) rnt Seen 20
1M i,.nt Kr.ru tir . 71 U
BTO ike .Hun Corn IHi IIS
.: .ehlith Vnllpv. 7, .ili.
Inn Vnna llallro.ul. ,17Si no'l
in Vnna Rnlt Mfg. li:,"(, mi,
IW Vnnii Hteel Hi "n!
.- I'hlln Co 4.1 4.'t
t,t tin cum href . . I.T4 -t.lt
li" I'll .1 i: eiirle. . 271
.".III 1 It Tr II- rtra. ISli. iq
Hep, I ei s .. rxi . rJIH
Net
Cloe, chif.
lli - "Si
i
2H
42tV
4I4
m
I12li
2!J
20,
1W4
4.114 4
mi '-
H
4 i
IJI
niH
20
Mi
nnS4- "
41 1- i
41(4- '
7 ii
(l.MI llniillns' TO
.10 So I'nrlfle ....IO0H
.1'") Tnnomih Ilel... IU
200 rtnh conpor... "n'l
in.) I'nltcil tins Imp SUH
Holit II H Hteel s.1
.. I Vnrk Itwy pfd. .1,1
I'x dlvlilenil.
r i &.
lonk
.ir,
fi2i, 2t
fit
7()i'
soli
.ilii
7N
urn
4-'lU
Totnl snles, 13,(157 slinren, rniripnrrd nllli
19,077 Kliiirr .veMerdilJt llnii fnr llili eel(,
ri7,.1.15 klinren mnim prrlnil lnt tteek, BI.flDO
liiircs.
HON DM.
JIIXIO AlleRh Vnl 4n. Ikii ' ihw,'
11X111 Am IS X- Ml ,-m. Ill II2IJ
iooo l iii lil i. i.it 4. inn
loon Cnn T N .1 rm. 1(11 14
12(100 city lllis 11)14.. lis
10(1 t'lty .H(,s HI2.1.. 117
4(0 CHy .IWs M7 rec HI)
t4iio liilers Itya 4. . r,nj
2(10(1 1. N enns iti.lll2J
Bono Irf.h Vnl iten 4. I12T,
Ion
till)
SHARP BREAK IN
WHEAT PRICES
Liquidation Duo to Reports of
Larger Country Offerings and
Disappointing Export
Demand
emCAOO. Keb. 2. Wheat broke sharp
ly todny under liquidation duo to reports
of liu-gel" country offerings, a disappoint
ing export ilemnnil mid one reports that
sonio of the lending hulls were selling out.
Mny cmled only He. nhnvo the lowest at
$1.33, after it hail sold ns high as $1.6(1 ear
lier, compared with $1.3 IT& nt tho close yes
terday, nnd July '4c. nbovo the bottom nt
$1,241!., after It had risen to $1.2iiTi previ
ously, compared with $1.2'i?i at the end
yesterday.
Traders wero very nervous. Th" cables
from l.lverpol wero disappointing, Hint
market reacting after a firm start. Klrst
prices hero wero a lltlto lower, but on
the decline tlio former persistent call
from commission houses reasserted Itself,
frightening shorts and causing tho market
to turn strong. Itcalizlng again set In,
and tho market went down.
The transmissotirl country offered
wheat ho"o to arrive today. Minneapolis
reported :i good demand for tlio cash
article. Interior receipts wore larger than
those on tho corresponding day a year
ago, tlio movement In the .Southwest being
much larger. Clearances of wheat nnd
Hour from the seaboard were about 1,000,
000 bushel.i today. Kresh export sales wero
placed nt only 300,000 bushels.
Iiullnit futuics rntiKcii as follows:
Vest v h
w neiu wpen, men.
Jlav 1.:ili l.:ni
Julv 1.2.V1 l.-jivn
Cnrn funw ilpllvprvl
.-.u-ii,
hi Hi
47HOO I'enna Ken tiin.Hm
jin., in COIIH l".i, . nil,
looo ! v ,m is 4n null
r.0d() Phllii Vn ion .Is Ii2
7000 iln 1st .Is 10114
100 riilla. Mice 4s.. R'l
"i'ii iln .Is Hir.H
.lOOO llr.-idliiK kcii 4a !)."(i
Hi) Sun II ,v w ns..liKl
IIHIO Htllllil (Ins 11.1... 11014
lion York Hy lpt .is . n.l'J
Incre.18c. Occrcnse.
02
II2
10II
Wl u
t)2
101
S.1
K)lf4
11.114
11(1
IM)'4
0.-1VI iisti
Cloie.
11014
111
loo
ions
n.i
ti
ll!) '!'
Km;
112)4
1l
Kill
ll'llj
112
101
Kl
I'M i
1(K)
111! 4
Net
cliRe.
7 1!
Tclnl Kiilrn. $0(1,9(10, rnmpnrril wllli $.19,200
.reslfrilny: IIiiih fnr thli ureli, ya(l.1,:l(lll
rame pcrind Innt urrlc, $11)1,2,0.
MILDER WEATHER GUT COAL CAR '"
CONGESTION AT EASTERN PORT
Trade Circles More Cheerful Philadelphia Compan
May Be Glad to Get Rid of Consolidated Gas Com
. pany Rise in Kentucky Securities
curltucky,
vn extended to tho conimo ItSiX
morning, tho latter lielnlt ?,, "
104 lo 20 0,1 n few sales TZ"1 .fr'.
..f the local list wa onlyTfa,rlTm?i-
mul developed no definite UdCnctcC I
Ing the greater part of the ..i ai
auction a block of PenMsrlvSnU rn' '
for insurances on.Uvei i ock ,0?d atM
up 40 points, nml'a new high r'cofd" '
iMiNING STOCK QUOTATIONS
iU.NOiwi! STOCKS.
.11m Itiiller ..-.
MaeN'nmitrit ..,.
Ml'lwiiv ' '
Mlapnli Kxt !"'
Mnntiitin
Nor Hlnr
Ton Hi I '
Ton llxt
Ton Mln ' '
Heseue Hula
West Kml ....'
Local Bid and Asked
l!lnse.
'i.;.s
l.'-'H
rlo.ie.
l.III'i.
1.2.-l,
SInv
Jlllv ...
IMts
Mav ...
Jlllv ...
Lord
M.iv ...
Julv ...
Hlbs
Mav . . .
Julv ...
I'orlt
Mnv ...
Julv ...
Hid.
win
Ml
7nii,
7I1U
7IIV,
t7!H.'i
SO"'i
4SV4 4.S1,
r.ov,
47K'
t.nu
Ml'l
tISli
.10.20
.10.:;.-,
..10.1)7
..11.10
10.!!0
lo.:!()
li.nn
11.10
10.0.-, in.m tlo.;o
1U.L"J 10.2.1 tl()..i7
10.S7
11. OJ
10.IIS
11.01
tin.112
ll.d.i
Toilnv Ycstenlny
Ill't. Aslicil. ltl'l. AHkefl.
Huff & Klls t C III.', 4U 42 ISti
iln prer nun, ill iviij (II 14
ttrlll .1 n :i.-r, ri7 .1.1 .111
n.iiiiwin n.i!, 114 iinji inn
ramlirl.i Hteel 7.1 7:1 H 721 72'4
Kleelrle SloniEi lis ill ii'jl. ('.'Hi
llenerill Aph,ilt !W .'U 111 .'It
iln prof ran-, 71W. ll'Hi 71)1'
Key Tel l.'IV 14i 111, 14IJ
dote i:iJ IM i:n 141
do pref ns 70 lis 70
Luke Hup Corp !H,i Ii'jl 111, Wl,
l.eh Nuv . . . . ! 7(1 7(li(, 7.'4, 7lllJ
LihlKh Viilloy 7(ir, 771 7(1 7(115
l.eh Vnl Tr Ill tlt'i 111 lli(
ilo ptof kiii; .'iini, :ki :m5
I'eniiHylvniilii .17 r.7'4 .17'k ."
I'hllK Klec 27; 271J 27'i 27i
I'lliln fo 4214 4'IW I2 4:110
ilo .1 per cent. pfd... nil .'IS .Id lis
iln (1 iwr i-ent. pfd... 4.11J I HI 1:114 41
I'lill.i It. T IS in islj isij
do t e .1 IS 1SU 1M,4 1SJJ
llpnillliB 7S 7.S(!i 771', 77'(.
Tonnpuh Helmont 4iJ 4 41; 4
Tonopnh Alining (17; 7 li'-1,. (''',
I'nlnn Traction 421', 4.1 42U 411
I' 11 Imp Nil Mi-X, Ml N)
1' R Hleel S.1 Si'.', W S2I;
York Itwy sU ny. si! m;
ilo pref .It as 111 .1.1
W111 Crnmp
Ilxillvld
end.
FOItEIGN EXCHANGE
NI1U YOHK, Feb. 2. The foreign ex
change market In the first hour of busi
ness today showed n generally lower
rango of quotations. Guilders, for exam-
fple, started nt 42',J, compared with 42 7-115
yesterday. I retich cxctiutiHi: was quoted
at o.SSJ4 for cables nnd o.SOi for checks.
Sterling shaded to 4.75;J for demand and
4.7G,,4.'f4.7(;:;i for cables. Hclchsmarks were
nominal, at 73 15-1C and 71. Other quota
tions were: I.lro cables, G.71; checks, G.72;
Swiss cables, 5.1S!i; checks, B.19V4: Vi
enna, 12. IS nnd 12.32; Stockholm. 27.53 and
27.C0; pesetas, 19.03 nnd 19.10; guilders, 42!',
and 42 3-1G; rubles, 29.75 and 29.S0.
The market In mldafternoon wns ex
tremely sluggish and uninteresting.
Sterling ruled nt tho low of the day,
4.7o'!4 for demand and 4.7G 7-16 for cables.
Francs hung nt the low, E.SDU for cables
and 5.90 for checks. Quotations for other
classes of exchange were not altered from
tho earlier reported figures.
The leccnt firmness displayed by lc
hlgh Valley, Rending nnd other anthracite
Issues on the Philadelphia exchange, In
view of the extraordinarily mild wcnlhor
conditions In Hip tins'. '"" attracted
some attention. It is nrgticd that tho
lighter demand tins taken tho edge off
tho crltlcnl nspect of the conl trndn. Tho
foggy weather In this locality In tlio Inst
few tlnys has, however, Interfered con
sldernbly with shipping. In tlio soft coal
Initio tlio former premiums for spot fuel
have disappeared In a number ot cases,
but the quotation f. o. b. Now York Is
still $1 a ton above the price ruling for
bituminous on spot Inst summer. There
Is still 11 good deal of anxiety on the part
ot the ninny coal operators to got u little
nhenil In stock,ns they have so far been
unable to accumulate much surplus coal.
The great trouble still Is tho scarcity of
cars ond the congested situation of freight
011 rnllroad tines,
In view of the ngrcement reached be
tween tlio coal operators nnd the leaders
of the United Mine Workers of America
that there would he no suspension of
mining until a settlement has been
reached or nn ngrcement on tho miners'
claims Is found to bo lmpractlcnblc, a
more cheerful sentiment Is illscernlblo In
coal Undo circles. At tho rarao time, wo
hnvo not yet got beyond tlio possibility
of a Hurry In the cnnl trade In tho event
of heavy snowstorms or ucuto cold
went her.
iN'ows of the default of the Consolidated
Gas Company, of Pittsburgh, on Its 5,
OuO.OOO llrst morlgngo bond Interest, duo
February 1. enmn as a surprise to tlio
MUoet, although It had evidently been ex
pected In Inside circles, ns announce
ment was promptly made that 11 Pro
tective Committee hnd been formed to
represent tflo bondholders. This Is a
BUbsldlnry of tho Philadelphia Com
pany, but It looks ns If tho latter wns
not averse to getting rid of an unprofit
able Investment as It has been con
tributing $2.")0,000 or more per year for
more thnn 12 years to keep up tho or
ganization, nnd tho Philadelphia Com
pany Is likely to bo satisfied to havo the
bondholders take over tho property. At
all events Philadelphia Company stock
moved up on tho local Kxchongo today.
Cambria Steel ruled firm, fluctuating
within circumscribed limits. Nothing new
developed officially with regard to tho
proposed merger. Tlio combination with
tlio Youngstown nnd Lackawanna com
panies would, according to estimates, glvo
tho new corporation a producing capacity
of approximately "1,000,000 tons of fin.
lslied metal per annum, nnd mako it rani;
Atlnnln .
Illue Hull , .
Ilonth
Hull. loir ....
t" O I) ....
Comb l'rne
Dliimf II 11
Dnl.iv
Florence . . .
dolilf Tons
tlolrlf Merg
.HinilmiCMxt
KcwHlinn . .
Oro
Kunil Ken .
Hilt or Pick
I'nlry Azlcc
-Klmberly ..
Nov Hill ...
Arizona Pn
Ncv Womlor
ClOLDFIKLD STOCKS.
20.(111
...tl'. 1.1
tAskid.
M '20.40 20.I7
. t20.43 t20.32
NEW 1'OKK COFFEE MARKET
SEW YORK, Fob. 2. The coffee mnr
kct was easier this morning and llrst
prices showed declines ot 2 to 7 points.
Trading was quiet and on the call only
500 bags changed hands.
Toilav's Yesterday's
opening. clow.
FVIirtin rv .'. . T.Ml 7.2,
March ".M
Miiv1 .'';.'.':''";..''.;; .' .' f.i im. a
June
July 7.41)
A llizllst
September 7.ri.1JI7.53
November t
December 7.(1(1
.lIMl 7.4(1
'.401(7.42
.411(7.41
.411117.47
.4!l1i7..-.(!
..1l1f7 .1.1
..Vldi 7.110
.(ISfj 7.dll
.72M7.74
DIVIDENDS DECLARED
fieneral Development Company declared a
'llvldenrl of $1.23 per share, pnyuhlo March 1
to stock nf record February ID.
Mobile Klectrlc Company, regular quarterly
11, per cent, on preferred, payable 1'ebruary
15 to holders of record January III,
American Tobacco Company, unual quarterly
ft per cent, on common mill 1J per cent, on pro
ferreil. The common dividend la payable. March
1 and tha preferred on April 1. lloth to holders
of record February 14.
American Kmclllns and IteflnlnK Company
quarterly lai per cent, on preferred nnd 1 per
cent, on common payable March 1 and March
1,1, rcfciieetlvcly.
llomestake Mining Company regular monthly
0.1 cents, paynbla February 25 to stuck of
record February 11).
United Verde Copper Company 75 cents pay
able today.
RAR SILVER
The quotation for commercial bar ullver In
ImiiIoii w.ih steady at 27il. In New York tho
prlco was &(lc.
Reliable' Advice
From a
Responsible House
Our.
February Investment
List
is now ready for distribution,
and will be furnished' on re
quest. To those requesting that it
be se"ht by post, we suggest
writing us the particular pur--pose
for which investment is
desired. Wc shal then be able
to advise, and to specify the.
bonds which, In our opinion,
will be appropriate.
EB WAR B 5 MITH & CO
BANKERS
ET8L18IUD 1SP2
iltmlert New York and I'hlladalshla
Stock Exchaugt
Vtoiv aso CutsiNur En,, PaitiD.
SO Pin Snttt NiwYok
The Xew York Subtreasury lost $412,000
to banks yesterday, reducing the cash net
gain slnco Friday to $2,813,000.
REO MOTOR CAR CO.
Bought, Sold and Quoted
Circular on Request
OSCAR R, DARE & 00.
riperlnllits in Public Utility Honda
stock i:.cn.Ni;i: huh, ding
I.ociiht 220 Ilnce M7-518-5ID
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i Jones &LaughlinSteclCo, 1
f 1st Mort. 5 Bonds 1
'M Due May, 193D
fA Price on Application jl
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Wc own and offer, subject to prfor sale
$200,000
PITTSBURGH, CINCINNATI, CHICAGO & ST. LOUIS RW.
CONSOLIDATED MORTGAGE AVJh BONDS
SERIES "A" and "I", due 1940 and I9G3
PRICE, 102 and interest, to net about 4.37
Free of Pennsylvania State Tax
CHAS. C. HARRISON, JR., & CO. '
BANKERS
FIFTH AND CHESTNUT STREETS PHILADELPHIA
Members New York nnd I'hlladelphln Stock Exchanges' M
. '
BLOWN JJROTHERS & Coj
FOURTH AND CHTSTNUT STREETS -ruiLADELPHIA
r:JH
Travelers Letters of Credit
Under the terms of issue of our Letters of Credit travelers
can arrange for availing of income during absence insteadJ
of paying full amount when leaving.
Special features make the Letter of Credit more desirable
than other forms of carrying funds, and they are also as
economical.
1MKKCTOKY OF ACCOPNTANTa
CertUled Iubl!e Accountant
luVWItKNCK E. BIIOWN & CO.
181S ItKAL KSTATU TU8T BU1L.DINO.
1JUKNS & SPKAKMAN"
u iiourti.
I'AItfNKltSlllPS
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$3,500,000
The Columlins Railway Power & Light Co.
First Refunding and Extension Sinking Fund Mortgage 5 Gold Bonds
Dated April 1, 1915 Due October 1. 1940
in ' Vief,tn,raLai,l.Apl!1 an.? ,Oe'0,,f 1 I" New York, Philadelphia or Columbus. Coupon Bonds
'. Vt,V2 dJfno'l0. Principal may be reglntered. IteUeemable on any Interest dale as
a whole or In part by lot
and accrued
ulxty days' notice at 105
GinAIlD TRUST COSIPANY, riltt.ADELPIHA, TRUSTEE
Interest.
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STANLEY S. SNELLKMSCIIO HAS TII1S
dy bew -dwltted a s. partnet la tbe fla
of h. Sarlleuburc Co.
ibruMy J9W.
Approved by Ohio Public Utilities Commission
Legal investment for Savings Banks in Rhode Island
Application will bo made to list this Usiaj on tho Now York Stock Exchange
Property The Columbus Railway Power & Light Company owns and operates street
railwr.y and commercial electric light and power systems in Columbus, Ohio and
vicinity, serving a total population of about 250,000.
Security: These bonds will be a first mortgage on the electric light and power and
heating properties of the Company on the retirement of certain underlying issues'which
have been called for payment and a mortgage on the railway system subject to prior
liens.
Replacement Value of the property exclusive of franchise, good wil and going value is
estimated by engineers at considerably more than 'the total bonded debt which includ
ing the present issue will be 10,595,000
Earnings: The Company repoP for the year 191-5 net earnings avail
able for interest charges of . . . .. . $ 1,266,738
For the last five years net earnings available for interest averaged. ....'. 1,148,403
This compares with an annual interest charge on the 10,595,000 bonded
debt of the Company including present issue, of $ 498,430
Net earnjngs 1915 two and one-half times new total interest charges.
Net earnings averaged for last five years twice new total interest charges.
iil''i?aJ-m?,Ifr? e,rainP to thlt Ijjue have beta tautd on by Mr, Joseph 8, Clark of Philadelphia and Utmteno
and ilurr 0 ColumDu, amf cofte of lbs morttiagt may 6 0 application ot th, offlw ' ft, undslawSf.
LZnlTnA tl Mif'nmfr,naM B'"' -.lMo. ho, suited th, Prorty ot our rw-Mt, - a
Temporary Receipts of th. Company will b, Ututd vending delivery ot defintttv, bond,. "
Price 97 and accrued interest, yielding over 5.20
Descriptive circularion request
E. W. Clark &. Co. Kissel. Kinn.i-nH- & Co.
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1
331 Chestnut Street
Philadelphia
14 Wall Street
New York
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