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14
EVENING LEDGER PHILADELPHIA, THURSDAY, FEBRUARY 8, 1010
FINANCIAL NEWS
WIDE ADVANCES IN MANY STOCKS
SCORED DURING THE DAY'S TRADING
This Was a Direct Result of Outside Buying by Both
Large and Small Interests Baldwin Locomotive
' Supplied at Concessions
NEW YOItK, Feb. 3.
' Interests committed to the long side of the tnnrkct had Rood cause for
Ratlsfnctlon In the course of prices mid the character of I null tip throughout tlio
day. There were wldo advances In many stocks, which at times would bo re
garded as nlmost sensational, but nro now taken as an ordinary Incident to be
recorded In tlio gencrnl run of trading.
Wlllys-Ov-orlond, as an Instance, advanced 14 points to 232 early In the day
and nn advance ot 20 points was made In South Porto Klco Sugar, while i
number of other specialties, Including Industrial Alcohol, Cuban American
Sugar and Continental Can made advances from 4 to 6 points. Gains of more
than 2 points were numerous In other specialties and the active Issues In
general were all established at now high levels for the week.
This Improvement was brought about In tho lending stocks without any
effort of manipulation or support and was In direct response to the outside
baying from both largo and small Interests, brought In by tho declines which
occurred on Monday.
Baldwin Locomotive was supplied by Clark, Chllds & Co. an dottier
houses at concessions and at the snmo time assertions wero made that tlio
annual report, publication of which Is said to bo near at hand, will bo dis
appointing In Its showing of net earnings for the year 1015. The railroad stocks
acted fairly well, Krlo and New Vhrk Central making fractional gains and
there was conlldcnt buying of Itock Island, based on tho continued fuvorablo
statements of earnings, which It was hoped will remove all fear of reorganiza
tion or default on tho 4s,
Cruciblo Steel has been In scant supply for tho Inst few weeks, or since
tho statement was made that tlio control of the tsock had been obtained by
J. P. Morgan & Co. Those who sought for an Incentive for the strength shown
lh tho post three days attributed the Improved condition to the prospects of a
favorablo answer by .Germany to tho last Administration note und It Is hold
by one firm thnt tho fact that the Appnm nhd been brought Into an American
port by a. German prlsio crew was vldenco In advance that tho answer will bo
of a friendly chnractcr.
New York Stock Sales
an
sow
-n j t
(17
KVi
2.1U
28W
BOM
70! i
m
0I'
r,2'
1 jint -tni lllrli. Law. Closn,
Ataik 3 Ootd Mines. . 0M DM OH "M
AiasK.i (low Minns.... 2.1M
Allls-Clnlmcrj Mf. ... 28
AlllJ-Chalm Mfg pf. . . SO
Am Ag Chemical no'f
Am tied Sugar OSM
Am npet Suirar pf ot
Am ran 02J
Am Can pf ijtM
Am Ciir A. tMln.lw Hn
Am Coal rroductj.!!'i(v;
m wouon 01 Mil
j-.jprcsj JflQ
''wo ft Leather. . . inu
. m
SHJi
. 2.1'f
. 41!f
. (I0U
.102
10IH
114
ol'f
1IW III
mi o7'
MM MH
Am Mcln A r. nf
Am Ice Pecutllloi. ..
"tn Unseed
Am I.lneel pf
Am f,ocomolko
Am '.ocomotlro pr. ,
Am Malt
Am Smelt i
Am Smelt A Itcr'pf.".".
Am Sled Koiindrloj. ..
-Jm Suwr Hpfinlng'
"in ougar Her pf. ...
Am Tel A Tel
Am ToWcn
Am Tolurco pf new.
Am Wool tr r
Am Woolen pf tr r .
Am . I, a Smelt....
Anaconda Copper....
Asiocialeil oil...
130
10' i
fH
2i
2.T
41M
fifPf
102H 102
tlU Hi
tiwu tol'l lOIJi
11 4M 11 tM 11
r.n' osm f i
1304
10M
r.2
20M
IV, i
42
07J
23M
2SK
M)'f
70!
110
01'f
03
1IW
07M
lOflM
M
I30M
10M
ilM
2IM
tf'f
4IM
07
102M
DM
CUBA GANE SUGAR
CURB FEATURE
113,'i II3M M't
II.
I2fi'f
IIS 118
127 127
.207i 20!)'f 207
.10SM U'8 10S
. .V) COM
. (HIM 0M
. 18 (KIM
. Ml'; 87! i
MM OflM
Ateh T A S V I0IM 10IM
January Earnings of Northern Pacific Expected to be Good
While It Is understood that the data so far received do not Indicate that tho
f, earnings of tho Northern Pacific for January will bo as largo as they were for
December, It Is probable that tho figures will show an Increase from 16 to 18
per cent, over January a year ago. Normally, January Is not as good n month
as December for tho company. This year business was somewhat Interrupted
by tho heavy snowstorms In the Rocky Mountain section. The Northern
Pacific, however, was able to keep Its lino open throughout tho stormy periods
and Is said to have boon tho only northwestern transcontinental line that ac
complished this feat.
Price of Copper Established More Firmly at 26 Cents
Producers and dealers have again established their prices more firmly
and 26 cents a pound is now the ruling quotation on future business, with somo
sellers who have small amounts available for favorable deliveries getting half
cent a pound nbovo this price. The buying of the metal at present Is on an
enormous scale, from both domestic and foreign consumptive sources.
COTTON MARKET FIRM;
' BETTER LIVERPOOL CARLES
Business Was Small Temperatures
Lower in Belt
NEW YORK. Fob. 3. A fair response to
better Liverpool cnblcs was made by the
cotton mar!:ct this morning anil at the
start tho tone was steady, with prices
three to seven points higher. Business
Was comparatively small. The buying was
Quito general, wl :lo tho greater part of
tho supply camo from New Orleans In
terests. After tho call tho selling Increas
ed slightly, with local traders offering and
prices reacted two to four points.
At tho time of tho opening here. Liver
pool reported 'dvances of eight and one
jialf to nine points, whereas gains of but
five and one-half to six and one-half points
had been looked for. A prlvato cable
stated that the better tone was duo to
Continental buying and a cessation of tho
recent liquidation.
' Trading was quiet, but prices gradually
eased from tho opening level under a re
newal of scattering liquidation or local
pressure. May contracts sold off from
12.12c. to 12.02c, with tho general list
working about 4 to 5 points under last
night's closing figure.
' Local covering In a nnrrow market sent
prices several points net higher In tho
afternoon. Near months In the New Or
leans market continued to display rela
tive easiness, as compared with Now
Tork, this being taken to reflect tho pres
sure of spot supplies, nlthough there was
nothing, in tho news to suggest any ma
terial weakening of holders. Arrivals of
cotton at New York today were 0216 bales.
Including 10SS bales lintcrs. The local
stock ot 232,000 bales now Includes 23,000
bales llnters and about 0000 bales of for
eign cotton. Exports for the day were
2718 bales, compared with 00,160 bales a
year ago.
Temperatures were considerably lower
In the cotton bolt. The map showed gen
eral precipitation In the east.
Tho receipts of cotton nt the ports for
the day wero estimated at 20,000 bales,
Compared with 15,860 bales last week,
63,288 bales last year and 32,686 bales
New York Bond Sales
In 1914.
Yes. Cloie.
Jiarch ll.ss
May 12.07
July ... 12.1S
OciobM- l-.-l
December ...12.3
January .... ....
Spot 12.00
Open.
lt.UI
12.12
18.23
12.2(1
12..'iU
12..TJ
High.
ll.'.H
12. IS
12.2T
v.'.:in
12.42
12. Kl
T-oiv. IJlat.
ll.K! 11.1ICI
12.02 12.12
12.11 12.211
12.111 12..-HI
12.110 12.32
12.31 12.41
... 12.00
Liverpool Cotton
' LIVERPOOL, Feb. X Spot cotton was
jn moderate demand today, nt an advnnco
of 13 points) on the basis of 7.79d. for mid
upland; the sales aggregated 7000 bales.
Including 6000 bales American. The
Imports were 0000 bales, nil American.
The market for futures closed quiet ar
a net advance of 709 points.
LUtlp Change In Sliver
NEW YORK, Feb. 3. A local authority
on silver says that there has been little
pew In the situation during tho past few
weeks, and he does not look for much
change In conditions until there is a
buying movement on the part of India.
He points out that the supplies are nat
urally curtailed by tho unsettlement in
Mexico, but adds that the demand also
lit not as large as It might bo and with
any purchasing by Indiu higher prices
would be Inevitable. As it Is, he says,
virtually all the silver taken out of
the market at present Is for coinage
purposes and, In his opinion, under the
circumstances a steady market with only
small fluctuations either way Is likely,
until there Is a decided change one way
or the other.
C. II. Geist in Indiana Light Deal
INDIANAPOLIS, Feb. 3. The Indiana
Public Service Commission has authorized
the. Northern Indiana Oas and Electric
Company, of which C. II. Oelst, of Phil
adelphia. Is president, to buy the prop
erties of the General Service Company
and the Indiana Lighting Company for
15,400,000. The companies furnish light,
heat, ga or power to more than a score
Of cities and towns In northern Indiana
and Ohio,
- gteJ to Erect New Coke Ovens
PITTSBURGH. Feb. 3. The United
States Steel Corporation Is to start work
this spring on a series of by-product coke
ovna to cost approximately J15.000.000,
It was announced here today. The plans
call for the erection of 204 block ovens
and adjuncts necessary to the production
of benzol, toluol and phenol. Not only
wilt this plsnt be the largest of its kind In
ttw world, but It will turn out more by
products, it la claimed, than all the com
bined plants in this district.
Money In London
.iWW MH atHWHb;
"'oh.
$ineo Am lco 4'.;s iw
inn Amor UMo .: f. fa lo::,
l.M.-.ro aiikIo-iy I. .-. ii.-i,
."(Kioi) Amtr Sniflt See ii 112
4HKIO Alner Tel i'Vl 4'.,s IIS
l.'ifini Armour On 4'.. .8 !il.
12(ioo AtdilKon con 4h ti.
21'imi Atchison 'V 4n Hum. . .low
WHO Alrhlann ." HU'.,
ikmio iLilt ft Ohio :i..!i in'!
27)100 llnlt A: Ohio 4 H2H
2IOHO Halt At Oh cv 4'-. IlM.
I Oi in II At O I' I. H& W V 4a II2U
l-wno lioth Steel rfil .Is 10J
140TO llrkn Itan Tr 3a KI1S..1II1
:ioui llrkn rn IClv iHt .-i.a..l(l
2ikio llrkn I'n CJa 1nt ..i...iii.-u;
Mion Hush Term llldff .'.... Sij.
HOOK c C C Ken -la Tut.,
1HNI Oil Una & Klec r,a HH
10111) rent (in lat :. tOT'f,
l.'IOiio Cent Leather let ..s. .lnl'i
loco Cent l'ac lat 4a 1KJ-X,
21100 Cent It It X J .'a I1SI.
72IKH) Chill Cornier 7a t:i2
1.".jh ChcH Ai Ohio cv 41-jb. . ss
20000 Chia & Ohio 41ia 01
MlllO Chi Ot IVl'it 4a 72-v,
loooi nil St Nwn Ken 4a... H.-.i
20011 Chi II A: Q Joint Ih... tlSTi,
1000 Chi II & O Ken 4a IK
KMmo rhl Jill & St ! cv .'. loo
rono rn .nil & t r cv 4'v. w:
:t(MK Col & South lat 4a... HIT,
:iimmi do 4Kb "'
20011 Col P At I Ken r.s "2'4
I.vmo Cumti Tel r,a loo
270OO Del & Hud rfil .H.... !l7ll
1000 Den Si Itla Or rfil .".a.. .17 1 J
0000 Detroit Tunnel Via.. Ill
Mon ot l"nlls l'niv ."m loo
1COO Oen Kleo .la 104 i
loniio llud A: Mnn In "a .11
:wi Huil At llud rfd r.a 7.1
40(10 HI Steel deb 4'Ja 112
:umn imllnnA Stl .". lois;
240ll Ina Cop cv l'.a t.1
Winn Inter!) Met 4i,a J.H
tin it inicr .hit iuir l-i ...-..nn
rihlO .liinnneaf nt-vv (1 S 4ta 71
lOUO Kan City Ter 1st 4a. . ssvi
loco Ijicka teel na tiril.. (in
7(KH Iicka Steel .la 111.10... iwi'i
7(Hl I.lff At M T 7 12C.IJ
COrrt ljjula At Nnah 4a l.1
.vio Mo Kan & T 2a 4a... 4(1
4000 Mo l'ac 4a 44i
r.oon Mo Pac 0.1 KM
10000 N Y C At II .18 Kill Kill
MUK) N V C At II 4Ca fl,4 M1
H2OO0 N Y Cent Oa lipl 11(1
sono N Y city 4V,s lft(n....l0TiJ Ki7ii
nuuui k- - t.:... - . r. LI- T (HZ
I.nw.
112
lni4
H4'
112
IM'i
111,
l'4'l
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HU''
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H2U
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till
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lit
IIKI
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s.n,
Il2j
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in
loo
1()li
291
iVij;
nn
IK2I1
7.H4
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71
KS'j
110
iS5J
411
44;
101
lOlKKKl N Y flwy ref 4a 7.11,
l.-WXM) N V Hwy alj .la (UH
7IKKI N Y Tel Ken 4V-,8 HO-'Si
10(0 Not At Weat 4a p:i,
Minn Nor l'ac prior 4a OT!,
nOKMl Nor l'ac Ken .'la i7
7000 Pacific Tel .la 101
.vxio Penna 4s IMS mill
20(10 Peoplo'B Oaa .la 101U
iaKM) Hendlnif Ken 4a li.1V?
27000 Itep Ir & S .la HKVf,
llHKt Hock Ialand 4a S.I
Stout Itock Iflnml rfil 4s... IH1T4.
70(10 Itock lalanil Sa 4.1
1000 Sealmanl A I. 4a S21?.
T.vm south Hell as ino
21KIOU South l'ac cv 4a SllVfc
70HOO do cv ret f P .la WtlVi
.HKiO South Pac rfil 4a IMVVj
M South Hwy Sa 102',
r.ooo Term Aaan St I. ref 4h ktv:
ICOO Texna At J'nc 1st .1!
WOO Texna Co l'.a
370l Third Ao ail) Sa. .
2V Toklo .la
KhTii U H Rubber (Is
14SOO tT S Steel .1, af
4IUIO t'nlon l'ac lat la..
7I0O I'n Hwya S F 4a...
lOUO WabaBh lnt ,1a
irm Weat i:iectrlc 3s. . .
2iai do cv ,1a ,
noon Weat Mil 1st 4a
.'JKI Weil Shore 4s
scon West I'nlou lis...
:ono iviacon cent Ken 4
tK
101
irtty.
5000 IVoah Cent 4a.
.
..10.HI
.. Rl'i
..10.1
. . IIS
. . 4.1
..KM'
::!!
.. 71V4
. . 02':
. . IH1IJ
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82 V,
HkIVJ
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00
102K
7'i
trflij
10.1
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7SV,
1UT1
104',
UV.i
4.1
loin
102-hi
t'14
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112V?
ll'IV?
87
00
Close.
112
lltl'
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112
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R7
00
Girard Fire Insurance Election
At a special meeting; of stockholders of
tho Girard Klre and Marine Insurance
Company, they ratified the plan to re
insure the outstanding liability of the
company with the Firemen's Insurance
Company of Newark, At the subsequent
annual election of the Girard Company the
following; new officers wero elected:
Albert It. Hasslnger, Davis G. Vaughan,
assistant secretaries; John Kay, treeasurer;
Albert II. Hasslnger, assistant treasurer;
Morrison C. Colyer, counsel, and Daniel
II. Dunham, Neal Bassett, John Kay,
Morrison C. Colyer, Edgar IJ. Ward,
James V. Dusenberry. Percy Jackson,
Samuel W. Baldwin and Archibald S.
Held, directors.
President Henry M. Gratz, Secretary
Kdward J. Thompson and eight retiring
directors were re-elected.
MINING STOCK QUOTATIONS
TONOPAH STOCKS.
IUJ. Asked.
Jim Tlutler U4 .03
MacNamsra -.. .02 .04
Midway 14 .10
Mlipah Ext Ill .21
Montana 2.1 .21
Northern Star 1.1 .10
Ton lllmonl 4 4V.
Ten Kit 4 3-1(1 4 5-H1
Ton Mining 0 1.1-18 014
TUacus Kula 07 .ml
Weat End J4 .70
GOI.Dt'IELI) STOCKS.
Atlanta SO .21
Ulue Hull 02 ,01
lkmth , 12 .41
UulMOR , i. .02 .'
U 6 ft OTI .04
Comb Krac 07 .08
numondueld O U 04 .0.1
Daisy 04 .05
Florence ,...,..., 60 ,32
Oolddald Cons 02 ,03
OoldBeld Merger .' 17 .10
Jumbo Kit 1.2.1 1..1S
Kawanas JO .21
Oru 03 i ,M
San4 Kn 03 .Od
Sllr Hck , .98 .W
M!SCI.1NE0US.
fiBMrr--:.X.-::::i:::::: 1 :S
iiw ii .u
i C -
v Tfaatr -........, uw lto
,V2JH v.m
I
nt
71
Ifi'i
70
107
ill
17
2Vi
:M
tih
IPO
ill
.111
17!.'
Haldnln jxo lit'
iiaiumoro & Ohio N)
Ilalllmoro & Ohio pf.. 70!f
Hank of Commerce ...17.'l
llalnpllas Mining '2),
llethloheni Slocl .Hi,"
llrnoklyn Hap Tr 80.N
Huff 11 & Plttj so
Hush Tormln.il loil
llulle A .Superior 7S
Cal IVtrolctim Ml
C?al Petroleum pf fili'f
Canadian Pacific !70Ji
Central Leather fl'jf
Chesapeake & Ohio... fi.'l
Chile Copper I'll
Chlno Copper 'Mi
Chicago (It West 1:1
Chlrat'T (!t West pf... Hi'S
CM Mil XSt P !));
cm mii &st i'pf....i:njs
u c c & st r tn
cm & ollhfsteIn.
Chi It I & l'ac
Cluctt Pea & Co. ...
Col Ktiel A Iron
Continental Can
Continental Can pf. .
Consolidated (I.ii
Corn Product! lief . .
Cripple Creek Cent. .
Crucible Steel
Crucil'lo Steel pf
Cuban-Am Sucar
Cuban-Am Siiear pf.
Delaware . Hudson.
Detroit Killson
Distil Sec Corpn.....
Dome Mines
Krle
Krle 1st pf
Fed Mln & Sm pf . .
(len Chemical pf
General Hlectrlc
General Motors pf. .
Goodrich II f Co....
Oranby Consol
Gteene-Cananea ,
Gt Northern pf
(it Nor eh for oro pr
(iiiceen Eipln
Illinois Central
Int Acrlcultural
Int Acrlcultural pf. . .
Int Ilarv N J
Int Con Cor v t c sh
Int Con Corp pf
Int Paper Co ,
Int Paper Co pf
Insp Con Copper
Int Nickel v t cfi... .
Int M M cfs of dp...
Int M M pf c of dp.,
Kan City Southern...
Klncs Co B I. .t V..
l.iu Steel
I.viede Gas
Lake Krlo & West pf.
LelilEli Valley 77
Lone Island L'n)
Mackay Cos 70
Manhattan Kiev ctd. .lllpj
May Dept Stores 50).
Maxwell Motors 7.'!
Max Motors 1st pf.... SS
Max Motors L'd pf. . . . M
Mexican Petroleum.. ..100
Mexican Pet pf 9!l
Minn & St Louis Ii
Minn St PASS M..1!!1J(
Mo Kan & Tex 0
Mo Kan & Tex pf.... 1 11:-
Miami Copper .'10 J i
Missouri raclflc flif
Mo l'ac tr cfs fiti
Montana Power 7-14
Montana Power pf. ...110
Morris Essex 81)
Nat Cloak & Suit 7.)
Nat Knam & S Co. . . . L'.Vf
Nat Lead Co CSli
Nat nys Mex 2d pf. . . 7H
Nev Con Copper IfiJ i
N Y Air Brake Mfi
N Y N II A H OR!,'
N Y O A West
N Y C AH It
Norfolk A Western...
Northern Pacific
Ont Silver Min
Pacific Mall
Pacific Tel A Tel....
Penn Hallroad ,
Peoples Gas Chi
Philadelphia Co
Pitts Coal Co N J...
Pressed Steel Car-....
Pullman Co
Quicksilver
Quicksilver pf
Ily Steel Sp Co
Hay Con Copper
Heading
Iteadlnc 1st pf
Kepubllc Iron AS.,,
Itepubllc Iron A S pf
St !.ouls ASF
St L A S V 2d pf
110
,srw
70! i
M)H
nou
ns
00' i
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Ki
172! a 172)j 172''j
ll.'Ui
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.AVIVi 11 lis 113'i
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1104
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7,5
104
40
IfiW
208
104
78','
lonjj io.j.4 ioiij
3.-
: 3
774 77 771 i
22 21 22
M)J M)!,' M1.4
130,4 1304 1304
.100
117
t
734
VS4
fil',
1004
90
.Vi
123
04
144
37
04
0
7.',
113
814
7f4
20','
70) i
8
IfiJj
148
084
27' i
51
714
884'
i,Vi
WVi
O'J
f4
122
04
144
304
.ri)4
fl's
7.r.
113
M'i
7o
i:,i
CO
R
1.1!i
140
074
lOO'f 100
1)8 117)j
1134 1114 111
84 84 84
124 123 12.4
39 8!) 39
57 A74 mv,
107'.' 107,4 107
424 43 43
324 33K 33
fi7Ji
10,-4
flli
7?f
40
24J.'
704
434
Ktfi
110
S
7M
17,4
3S)
182
57
.100
. 5!i
. 8
. 40
. 244
. 784
. 43JJ
. 53!f
10S5J
. 4
03,
0,4
1054
54
IV:
394
214
784
43
53).
1094 110
14 5
74 7,4
1714 174
38)f 384
1K2 182
i3
71g
88) i
51
1075,
90
54
123
0)5
144
304
Mi
J'J'
75
113
814
754
204
fi04
8
154
147
074
274
10:14
1174'
1114
8jj
124
3!)
57!,
107
43
334
57
1054
54
74
394
24.4
78) i
434
53) i
Seaboard Air Line 17
Seaboard Air Linn pf. . 384
Sears Itoebuck A Co.. 182
Sears Hoe A Co pf.... 125,4 1204 120)j 1204
Sloss-bher S A 1 584 6!) fill 59
South Porto R Suear-. 140 107 155 107
South v sue pf loo 107 ioo io;i
Southern raclflc 1004 101 1004 lOOJf
Southern Ily 21?i 22 2l?j 224
Southern Ily pf 59)5 C04 00 00
Studebaker Co 150 1534 151 1514
Tenn Copper 503i 58 574 574
Texas Co 200 2074 201 207
Texas Pacific 74 7.4 04 74
Third Avenue 00 014 01 014
Tobacco Products pf. . 100 102), 101 102),
Union Hae A Paper... 74 74 74 74
United Cisar Stores... 0!f 94 94 04
United Clear Mfts 02 02 02 02
Union Pacific 131 134)5 134 134
Union Pacific pf 834 834 834 83)f
U 8 Ind Alcohol 1554 1504 1544 ISO
United Fruit Co 138 139)f 1384 139
U S 0 I 1 A V 18)5 20 19 19
U S C I P A F pf . . . . 50 50 494 494
United nys Inr pf . . . . 33 334 S3 334
U S Itubber 52)5 53 52)5 53
U S Kubber 1st pf-...1064 1074 1074 1074
US Steel Corpn 83.4 844 83 84 )j
U S Steel Corpn pf. . .110 1104 110 1104
Ulan copper 7U)j 7U),
Utah Securities 204 204
Va-Caro Chem 48 4S4
Va Iron Coal A C. ... 55 55
Wabash 154 154
WibashpfA 454 454
294
294
Wabash of 11...
Wells Fareo Exp 1294 130
West K A M 064 B7Jf
West BAM 1st pf-. . 70)5 70
Western Maryland.... 274 30
Western Maryland pf. 45H 41
Western Union Te. ... 88 8SJ(
Willys Overland 218 232
Whconslii Central 304 374
704
204
484
65
15,4
454
294
130
004
76
27JJ
44
bSJi
704
20)f
4SJj
65
154
454
20)1
130
G7)f
70
29
-It
bH
2234 32
304 37H
Electric Co. of America Distribution
The Electric Company of America has
declared a distribution of 25 centa per
share, payable February 17, as registered
February 11 Transfer books do pot close.
BAR SILVER
In Nw York bar sllvtr wta, quota! at M&
off 14s peace.
Market for Outside Securities
Displayed Advancing Tend
ency Rise in Oils
MHW YORK, Feb. a. Pronounced
stronRth nnd nctlvlty wns wrnln shown
In the market for outside socurltlca today
with the buylnR by the same sourco which
was Instrumental In ndvanclnc tho tending
nctlvo speclallles yesterday. Interest,
howover, shifted somewhnt with consider
nblo nttentlon Riven to tho oil stocks.
Cuba crtno sucar was one of the prin
cipal features, movlnit up Mhnrply nearly
seven jiolnts on Inrfto dcalliiRS. Tobnrco
products was also nn nctlvo nnd stronu
Issue, advancing over two points.
Haskell and llnrker Car and Interna
tional Nickel Improved, while Mldvnlc
Hteel nfter n Rnln of olio nnd three-clRhtliH
cased off frnetlminlly. White Motors Im
proved, ns did Chandler nnd Atlantic Gulf
nnd West llulla sbnres.
Oils developed decided stronRth, with
more nctlvlty In spots; Ohio nt one time
showed nn ndvnncp of 1 1 points; Standard
Oil of California sold ox dividend nt J2.C0,
recovered and advanced two further.
KtniHl.-ird Oil of New Jersey moved tip
Ovo points. Now York four, l'rnlrlo Oil
and tins seven points, l'lpo I.lno flvo
points. Copper storks wero firmer, Corru
Do Hasco roso two nnd onc-lmlf, while
First National, Kcuticcott nnd Krlo 4s all
hardened moderntely.
INDI'HTIUAIjS. . .
Illrl. ASKCd.
Sales in Philadelphia
lllch. Low. cioce. chfirme.
.. lay. mri -'1,,
ii'll ?li S7U
r.rt A. rn
W Annconil.i'" S.'i Si'A
4 Am tlni, r.n va
Ii Am itri rref- "JJi "J!
II" Am I.OCO .... net 1.1:1 ';
1,mi a rM. t. T i:ui.l I'ML iW
Si itei.l lieSr .',:.. iii!'. tl:5'A m',4
as iiiirr & su nf mv, in 50H
.",11 llrlll .1 n 10 no nu
S2ti! Cam Kleel ... "W WH !"
Net
t"2
rai
I17JI
TO (,'hl It I
too Distil eo ....
4?) Dire Stor
4SO line ,
nn Krle rs
W.I (leu Anh ...
kiii do prcr . . .
20 lrn Co N A . . .
.'too Kent Secor . . .
.in iJc Hun fori).
M Ix'lilBh Nav ..
no jiiiBii vni . , ,
2 t.lt Kchuvlklll.
tn Nnrthrrn ctit
41111 I'enna
in
iss
4CJ4 tnJ4
mfl mil
. ;wa .-is'x,
. ml ml
. 72 7011
, 211 I'll
mi ai
. ii" .n
111
411;
IMU
on
:il
72
2H
IW
1!"
A
.171,6
f. 1'lttS u A h t. it in;
l Phlla Co uref.
S2 I'hlla Klee....
into I'hlln HTtt
2S Itenillni!
400 Tonopah Del ..
1IM Tnopah Mln .
71 Cnlon True ..
lr.0 I'tali Copper. .
I ,mp tr it I
77s P' H Heel
IL'o Wnmlik I Si
J V ,trr H S.
V.0 WrslmMnd CI
mm
lis
111
. 7I",4
:: fk.
: S!
t"
H loll
. "'
?i'.il
(74
.".I
flP
ini
.'EIIU
274
1M'
.114
sn .M
"."' .
7oi
a
Ml
:,Vi
ii
:uni
r:
1S(,
y
S'l is
S 70
4.S '
RAPID TRANSIT VOTING TRUST
MAY BE EXTENDED FIVE YEAI
.
Heavy Buying Representatives of Various Inter!
ests in Deal Met in Wew York Today
French War Qrder
41
7(1
S'lJ.
S.I i
10S
Wl'
H.S'i
M
4.1
711
Ml '4
MS
10'i
r.o'
UP
.
Hi
Tolnl p.nles, 22.1(11 slmrrs, eompnml llh
l.1,n.-0 Miurrs jeslenliiji llnis for Ihl rek,
70.RIU Miarea) mime period liit Mi'fK. .(..(0.1
dliiirr.
Amerlcnn-ltrlllnli MCk 2S m
AJax Ituliler Inc I m 70
Atlnnllr lllllf Si W I H S 211 .10
ilo nref , 4.".'4 HI
Ameriean Mnr'onl .1 'lii
Oili.iilliiip far ft 1'My HI HI
iln iirrf M I0
Chevrolet Mnlnr t'ar 12(1 ISO
CliniKlIrr lil'i H2
Otilinn Cnne Mnirar ."2 -'t
('iirllm Arroplaiin II is
Krl" rliihl. , J4
Knifrenn l'honof,-nili 12 12,4
Drtirei'Vraliurv ltd J I.
Ilafkell ft llariter Oar 4!i 4IH4
llrmlco life 27 HO
Inter Merchant Marine I'l? 17
ilo t.rer Mi S2.
Int Nlrkel ."'-' .vjfj
Krllv Mnrlnellplil (Ill 70
Kalhniilnn llrnnite pM 21 21
I.M- Tire 4!'H .VI
Mnnhattin Transit 2 2's
Maxim Munition 7i mi,
Ml.lvali' Hirel lay, (in
oils i:ievntiir ml d"
I'ecrltps Motor 27 2716
l'onlo Knelne ft Machlna Iln 2n
H M KlrsKO w I HI 11)11
Stninlnnl Moiora 7 7'4
Huliinnrlne llo.it v. t v elf .Tf'S :i7'
Trlniiclp I'llin v t rtfs .VI ills
rnlleil I'rollt HlwrliiR Hi K
i: H l.lBht ft Unit ., I If,
f S l.lKht ft Heat ifcl I't. 411
Willi.. Motors w I ,11 Cl'
Worlil I'MIni Ii.'. Pli
STANDAHD Oil. RUIlHtDIAItlr-S
Illinois l' II is! Hii
llhln Oil 210 2111
lYiilrlo Pipe 22S 2.11
Slninlaril oil or California :i7t :i7l
Stiinilaiil oil i,r New .lorwy .inn rvl
Stiuiiliint nil of Now York 210 21.1
i:!c-tllvMenl
OTIIIin Oil. .STOCKS.
I'osflen oil mi., nn;
Clinliners Oil .. 7
Inter I'etmli-um I2'l 12L',
llnunlnn Oil l'i 1IH,
Mlilweiit llrllnllic .12 .1.1
S.iiiuIpii Oil It 1UU II
MINING .STOCKS.
Atlanta 20 21
llutto (' ft '. v 1 ClfH si,,
Until- ft N Y 2'i 2'-j
Ceiro I'e I'iiho 4t 42
I'M'Pt Natl (Mpper 7U 7',i
Colillk'M Merscr 17 in
llowu Snuni) r. Il-H (t
lleila Mlnlnc :: :i;i,
.Urn lluller HI mi
.lunilio Kxtn I't l1..
Kinnecott Copper Wi, .'4
Mi'Klnlvy-DiirniKli -14 . 4
.Mint ivn 1.IJ 1-1'
Mlnea of AlPlrrlm 2'.. S
NlnlrslnB Mines Co ..',(i 7'..
San 'I'nv 's 2il
St .tiwpiili Lend J" Mii
West ICnd Con 4 ii
Wert llri'l Kxtn -
IIONDS. '
Halt ft Ohio 4s 102'H 102ii
Ccrm I'u 1' Ha 12 y 121
.;rl,. la sl"i Mp
N Y Statu 4a Inc . . .' lnj'i .,
St I'.ml 4s IL'li 0"
rOKEIGN EXCHANGE
NKff VOKK, Kcb. 3. The market for
rorcieii exuhaiiBO In the Orst hour today
was easier, with special weakness In
frnncr. 'allies were quoted down to
fi.!il-7i and checks nt S.92& ' Stcrlltu: was
heavy at 1.7B?4fi,l.7B 13-1G for demand
and 4.7G 7-105J' 1.7C',i for cables. Other
quotations were: Lire, cables, 6.71;
checks, G.iL'M..; Swiss, cables. E.liOGCSO'.S;
Vienna. 12.50ft 12. 55; .Stockholm, 27.05(i
27.B0. Swiss, cables. S.20(ij 5. 20V..; Vienna.
12.501(12.55; Stockholm, 27.35n,:,7.00; pe
setas, tOTi 10.05; KUlldcr.1. II 15-inW42;
rubles, 20. 70ti 20.75; rclchsmnrks, 73T4fi"3
Lri-1G. It was erroneously stated this morn
ing In some reports that the low record
for reiehmarks was reached at 73. As a
matter of fact, tho lower record for Ger
man exchaiiRii was 72 7-lfi, and was es
tablished about u month ni?o. The weak
ness lit French oxchniiBo was coincident
with tho reported necessity ot another
larco loan from this country.
Tho feature of tho market In tho sec
ond hour of business was a further decline
In French cxchnnRo. PcnliiiRS continued
moderate in tho general market. In francs
tho prevailing disposition was to sell, and
bids wero few nnd fnr between. Franc
cables declined to 5.02U and checks to
5.03. Tho extreme low record for French
oxchnnBo last year was 0.03. Operations
in German exchange were nominal, but
tho tone both In rclchsin.irks nnd Vienna
exchange was heavy. Sterling was dull,
without a recovering tendency, at 4.75i for
demand nnd 4.76' for cables, no'vtli
standing tho recent Importations of told
and of America,!! foreign-held securities.
s Money in New York
NEW YOHK, Feb. 3. - Unbroken case
continues In tho market for Ume money
und the largo accumulations ot funds are
coincident with u moderate demand. The
liquidation that has taken plnco since the
(Irst of tho year In a number of stocks
that wero rushed up to extraordinary fig
ures toward the end of Inst year has
helped to fortify tho locul loan posltli.
At tho sumo time both bankers and brok
ers are showing a conservative uttltude
with tho Intention of averting tenden
cies to inflation. The local loan situ
ation would obviously be strengthened
greatly if repoita are true that tho Brit
ish Government Is seeking to borrow
rather than sell here the mobilized for
elgn-hclil American securities.
Thus so fnr there has been but little
cvldenco of tho increased offerings of
prime mercantile paper that was expect
ed to develop about this time or a little
later. As has been pointed out, how
ever, the basic conditions In general busi
ness nro unusually sound, owing to the
general spirit of conservatism and larger
use ot cash Instead ot credit In many
cases and the unprecedented demand for
materials and commodities. As hereto
fore banks, trust companies and other
financial institutions are willing buyers
nt 3 per cent, of all offerings of choice
paper, either for short maturity or run
ning up to 6 and 7 months. This posi
tion la taken rather than to grant dis
counts upon short maturities of other
than strictly gilt-edged paper.
RATES FOK MONEY
Cull
t;2
a i
irhlcuKQ 3U.04
Commercial paper, three -to lx months, 1'blt
adelpbU, 'JYitH pet cent.
New York . . .
Philadelphia
lln.tnn '
Time
Hg.-
3 4
4 &4V
-t U-4V
BANK CLEARINGS
Uanlc clearing' today compared with corro
poudlnK day Uit two yearn:
1810. 1015. mi4-
Philadelphia. $13,410.70(1 133,503,487 I27.B.S1.23T
Ho.tcn 3I.M7.1)1 23.7U2.512 27 223 till
Baltimore .. O.iB.1.S0l 6.220.010 8.830.04)7
New york...48.1.537.n) 21.417.1.10
St. Laute . . 13.107.027 11,173,780
Chicago .... 30.1117:07 30,000,000
304 lLVP.:in7
ia.700.:i73
31,213,201
Rank Acceptances
NEW YORK. Feb, 3 There has not
been any improvement in the volume of
dealings In prime bank acceptances and
that -4asa of security la still In light sup
ply at nominal rates of 3 per sent for
60s and 3H Per cent fur 30a.
llONtiS.
lllKll.
J.WO Am (I ft IJ fia.. 112.
inn ntv is lino.... 102;
loo iln lull reir..li'2't
31(10 i:iec ft 1 Tr 4.M!l(i
lino liar lllee in. ...101
7(KI l.eli V Ken la.. 11214
.tOO'O I, V pen 4Vj..1o.l
JiKin il,. t'ual .ih,..I0.Vi
12nco i'n r'o con 4'',h.I(i2'j
.mifl pun CoCona ..a.lnl
l.liiil Phlla nice 4. HI
HlKHI .In 3a Kll'i
niihp llnarl Ren 4a,. I'.V
Iwmio I'n Itivy lnv 3a. 724
1000 Ynrkltwy lat 3'' I '3
1iw. Cleae.
!,' Il'
l o.n
ma'i
MIU
llll
t'2'4
KM
rn.-.';
111214
01
to
11.114
!. ',l
Totnl nlex, SOO.OOO, rmntmrrd wllli $njt.
0011 rslrriliil IIiik fnr llili eel, .101,3(10!
Mime period tnit nrck, 2.11,070,
14
1021',
SI 14
llll
l'2'5
101
IUS'4
Hi'-f'-r
llll
S.IK,
lOPj
11.1'i
S'1
.Vet
chir.
-
M!4
ill .
Local Bid and Asked
Today's Yesterday's
Hid. Aaked. Hid. Asked.
flnMwIn 113. IH )':-',, )'
Hurt ft H t e Il'i -t i '7
Ii. i.rer my, in. J! "1
llrlll .1 I J nsfc 37'i (Jill, 37
Cam Steel 7li)i 74 .1 ; 'l
i:iec sioniRi. i" n a ;si
Oeneral Asphalt 3.1. -I'Ui .1.1 , '
ilo nrer 71'4 72 nH'i 70'.
Keyatono Te II Il'i 13Ji JJ'j
In t c II ll'li 131i ll'.i
,1,1 pM (VS 70 IM 70
Ijike sup Corp :(, I'll .'-Hi J'1!
I.elllRll Nnv 7H 7I15 7(1 7(l's
lhlllh V11I 77li 77li 7ir) 77'.
I.ehlKh Val Tr Ill 1H'4 1 111''.
iln 11M :inl4 am; :i!H4 3(ii(,
IVnnavlviinla 37't 37!. 37 .171,
Pllll.l Klectrlo 27, 27', 27i 27J,
Phll.l Co 42'?. lll'i I2l!i 4,'US
do 3 ner cent nrer... :in ;is :m as
iln I! per rent. nref... 13". II 43'$ 4M1
Phlla Itanld Trim 1SJ4 tn is l.si;
In t i' ISjl 111 is IS'-,
t'eidlnir 7N'i "I'U 7S 7si
Tononah Hclmont .... 4'i 4''. I'i 4',
r. nan MiniiiK ,;t"i ,;' ,';?' .".
I'lllon Tr.ie 4'l Il'i, 42 '1. 41
i: (1 Imp MiH !' N'1. H-'V.
r s s(ed '"' ."" y k
Y'ork Hwy 8'.i Sli B',i SV.
do prer !; ";
Wm Cramp t c 2 MP 1.1 MP
January Pig Iron Output
The output of pig Iron In January,
amounting to 3,188,8 11 tons, according tn
tho Iron Ago figures, was only 14,178 loss
tlinu In the record production month of
last December. The decline Is attributed
partly to the recent strike at Youngstown
plants, where it reduction of 45,000 tons
in last month's output from December
was not quite equalled by tho January
output of new furnaces blown in else
where. Tho January figures were the best
for that month in aty year, exceeding
1015 by 2.5S7.423 tons, 1014 by 1,303,700
and 1013 by 303,513.
Tho nverago dally output in January
102,850 tons also was only exceeded by
that of December, 1015. It was nbout
twice as largo as In January last year and
two-thirds greater than that month In
1011.
RAILROAD EARNINGS
LOUISVILLE AND NASIIVILLR.
.. J.1,131,737 tl,017.Rll
.. I,. 104,200 75S.270
, . 20.211.1.212 S.r.'O.IECI
. . N,U7t!,0:iS 3,211,081
& WIJSTEIIN.
December prrosa ,
Net ,
Six months' gross
Net
LAKB EUIB
December gross
wet
Kroas
jm:i,i'.i:i
211,37(1
3.47.1.3117
II1P3..1.I3
Six months'3!-:
Net
NASHVILLE. CHATTANOOnA i ST.
December gross Sl,os!i.022
Net 20II.433
Six months' cross ll.21is.2u
Net 1.3in.:'.!i(l
CINCINNATI. NEW ORLEANS &
PACIFIC.
1015.
December gross $!IMMI,15
Net 201.003
Six months' cross 3,101,415
Net 1.30S.300
$217,307
200,037
335,ll!)7
453.033
I-Ol'IS.
K4 1,022
1S2.325
ll'I.M10
702.311
TEXAS
Inc.
$232,707
131.713
431.721
423.300
LONDON STOCK MARKET
Now
Capital Issues in
107,000,000
January
LONDON', Feb. 3. New Issues of capi
tal In January amounted to 107,000,000.
They were all governmental, except
18,000,000 by companies.
American securities on tho Stock Kx
chango were cheerful again today. Can
adian raclflcs displayed strength, and
Grand Trunks were firmer on good
cnrnlngs.
Although slow, tho tone of home rail
way shares was better. Changes In
'.South American rails were narrow, but
contused.
Tho gilt-edged section was quiet and
mixed. Itates for loans nnd discounts were
easy. In sympathy with l'arls the for
eign department showed improvement in
spots. The French loan advanced, but
reacted from the best.
Thero was selling of Hudson Day Com
pany shares. South African buying
helped Katlir specialties. Following tho
staple, rubber Issues wero steadier. On
the whole tho markets wero Irregular.
PURLIC UTILITIES
The Chicago Telephone Company's nn
nual report shows a surplus after charges
equal to 11.71 per cent, earned on tho
stock, against 9.52 per cent. In 1914.
Tho Ohio Service Company was author
ized to Issue J757.000 In securities, In order
to ncqulro the Coshocton Light and Heat
ing Company.
Tho Columbus Hallway, Power and
Light Company has called at 101 and In
terest on August 1, 1916, the $182,000 6 per
cent, first mortgage bonds of the Colum
bus Public Service Company, due Feb
ruary 1, 1921.
In January tho Intcrborough Rapid
Transit Company carried a total of 60,
482,277 passengers on the subway and ele
vated lines, as compared with 55.70SI In
January, 1915, an Increase ot 4,739,493. This
Is the largest Increase In any one month,
as compared with the same month of the
year before, since October, 1909. In that
month the Uuduou-FuUon celebration cre
ated abnormal trafllo conditions.
The ' 1! tlnanclnl district wai interest
ed to Irnrii today that tho votlnr; trustees
representing tho stockholders of tho Phila
delphia ttnpld Transit Company have
agreed to act In Hint cnparlty for another
flvo years beginning February 20 next,
when tho existing voting trust agreement
expires. This, of course, depends) upon
whether tho holders of n substantial ma
jority of tho trust certificate!! consent to
the extension.
A., ntrronmont has been iirotinred nnd
holders of certificates who desire to nsHont
to It may take them to tho Fidelity Trust
Company and have them stamped. Hold
ers of unnssentcd stock limy do likewise
If they desire to enter tin new voting
trust, Itnpld Transit certificates moved
up nearly a full point on tlio news this
morning, although tho trading was not
particularly nctlvo. Incidentally It was
stated In well-informed circles that the
Jnnunry cnrnlngs broke all records for
nny month In the company's history.
Tho outstanding feature ot tho day's
dealings on chniiBO was tho heavy de
mand for nnd sharp advance In Cambria
steel shares. Representations of tho vari
ous Interests Included In the dcnl met In
New York this morning presumably to
discuss detnlls.
Advices from New York, where tho
financial aiiangeincnts for the proposed
morgor 111 o being chiefly carried on, sny
that the completion of tho negotiation Is
being held back while nn effort Is made
to obtain now options from stockholders
of tho Cambrln. Lackawanna nnd Youiikb
town companies. It Is expected that
theso options will bo secured In a day or
two, although It Is believed that some
Individual opposition may develop. There
Is nlRo reported to he n hltcli otM
status of the bonds of various conX.
Involved In the deal. Tho rumorft
revived today Hint Hip Inland, Cn'iK
nhd possibly tho Republic Iron nnd r.
Companies might still bo IncludeSl
tho big combination ns well ns somo'iH
Hhlnvnrd. u,n"ri
... ,
A further rise In Raldwln I-ocomSti
was explained by the nnnouiiccinenl 6fl
order from France for 84 small dou,
headed locomotives. Tho board of dlrV
tors held tho usual monthly meetlnelih
afternoon, and had before themlj
approval the figures for tho year eni,
ri.A.,.i.An m n-i. .. V vw
have enough orders on hand to keenk
platit busy until April with the nre.1
quoin of employes. a,
Hulled States Steel was also i$.'
demand on tho local exchange ns vrell
In Wall street, being stimulated by 1
report that tho French Government!
arranging to place n hugo order i
Hint company. It wns averred Hint li
one order alone would exceed K0 Hot
nnd somo purported to seo In tho salt
for France of J. P. Morgan tho final th
lug of this contract. Incidentally-,
nouncement wns made that the stccltt
partition would shortly begin tho erect
of tho largest by-product plnnt In 1
world near Pittsburgh, nt a cost of be
$15,000,000. Heavy buying of steel fort
manufacture of munitions for dur,
before 1917 has been tho foremost fett
of tho week's market. The buying do
this week hns been limited to do,H
by January 1, 1917, only because tlio ml
do not enro to sell beyond. According
tho Iron Trade Review, foreign bujt
hnVo been offering business as far ah,
as July, 1917. ,
Financial Briefs
A Structural lumber and timber '
I and shipped to you the i
M very minute you want it.
J High cost of living to the f
I conlrarv. hoard tir. L
I .iT ..... V. ( ' WILLIAM St.
11 cheap at ever. Ji
f LQwarar.nenson&to. ' .
11 Structural Lumber and Timber
A Poplar St. AVharvti, Phllo. I
Tho stockholders of tlio Detroit and
Cleveland Navigation Company hnvo np
niovei) an Increase In tho cnpltul from
$1,000,000 to ?."i,O0O,OO0. The now stock will
bo distributed among shareholders as n
dividend.
A special meeting of the stockholders ot
the American Woolen Company has been
called for February 15 at Jersey City at
noon to authorize the sale of tlio property
and assets to tho new company organized
under the laws of MassnchUFotts. In or
der that foiclgn stockholilcis nnd nny
others who have been unnblo to deposit
their shares under the plan may conserve
their Interests, It has been arranged to
extend the privilege for 00 days after Feb
ruary 1 of making tho exchange without
penalty. Hooks for both the special and
annual meetings wero closed January 29
and will reopen February IS. The total
number of shares deposited In favor ot
tho proposed change of Incorporation was
379,5112 out of 400,000 preferred and 1S1.C10
out of 200,000 common.
Passenger tralllc of the Chicago olc
viitcd lines Increased 4l per edit, dining
tho last three months over that of thu
corresponding- poilod In the previous
year.
It was reported In Haltlmore thnt tho
Kxccutlvo Committee of tho United Hall
ways Company Is considering the ia
sunnco of ?2,500,009 5 per cent, securities.
Tho Drlggs Senbury Company will be
gin 'tho manufacture of noo three-Inch
guns for tho Hrltlsh Government next
week. Tho company has been assembling
tho machinery for somo time. Tlio con
tract amounts to about $1,C00.000.
For tho year ended December 31 the
Detroit Udlted Railway reported an In
crenso In gross earnings of $99u,54S nnd
a net gain of $3BG,40t. Owing to Increases
fixed and depreciation charges the surplus
decreased $90,239 to $1,210,701.
Tho National City Bank, nf New York,
Is ofTerlng $5,000,000 Kingdom of Norway
6 per cent, gold bonds, duo 1923, nt a
prlc'o to net nbout 5.75 per cent. Tho
bonds nre payable, principal and interest,
In gold nt tho bank. They nro exempt
from tax now or hereafter to bo lovied
by tho Kingdom of Norway, and irre
spective of whether tho holders of tlio
bond or Its coupon Is a citizen of a
friendly or a hostile State.
The American Writing Paper Company
reports for tho year ended December 31,
1915, net earnings amounting to $1,165,700;
Interest, etc., received, $&7,274: expenses,
$119,990; bond interest, $S50,000; sinking
fund, $930,000; dellclt, $120,953.
The New York banks gained $077,000
from tho Subtrcasury yesterday, and slnco
Frld.-y. $2,130,000.
Tho WlllysOvcrlnnd Company reports
for January last the shipment of 12,392
cars, as compared with 4613 In Jai.uary,
1915. Shipments have been over COO cars
a day during tho past 10 days and on
Monday last totaled 722 cars. Orders for
Immediate delivery, It :i stated, largely
exceed the company's production.
Tho Republic Iron and Steel nnnual re
port shows net earnings of $5,439,598,
ngalnst $2,330,872 In 1914. Tho surplus
wns $3,515,819. against $1,028,748 tho pre
vious year, and equal to 14 per cent
earned on tho preferred stock, compared
with 4.11 per cent, earned In 1914.
Shareholders of tho Uutto Alex Scott
Company havo accepted tho offer of tho
Anaconda company of $750,000 for tho
mine. This will mean $10 a share for the
Scott stockholders.
An extra dividend of 1 per cent, was
declared by tho arlftin Car Wheel Com
pany in addition to the usual distribution.
The noard of Representatives of the
New York Curb Market Association has
listed and admitted to quotation tho vot
ing trust certificates of tho Davison
Chemical. Corporation, representing 150,
000 shares of no par value, and the 1,000,.
000 capital shares of the Scratch Gravel
Gold MIntng Company, par value $1.
During December. 107 railroads earned
$149,344,571 and expended $96,310,674,
according to a statement issued by the
Interstato Commerce Commission today.
The net revenue was $53,003,900, as com
pared with $32,921,729 for December, 1914.
r
' r
UNUSUAL OIL & GAS SUPPLY
to mc$t?
AN INSISTENT DEMAND
Located In the centre of the West
Virginia Oil & Gas belt with 14 pro
duclne wells.
Barnett Oil & Gas Co.
(Incorporated)
Cap. $2100,000 l'ur Value $1.00
No Uouda
No Outstanding- Indebtedness,
lias 14 producing well, the output
ot which la served by three pipe llne.
Including tho Standard Oil llnc-u
(thereby auurlnc Btandard Oil prices).
The ktoclc of tbU company U now
being- traded In on the N. ', Curb at
about iY We recommend tbU
btock to lutcftore.
Write for Special Circular No. 2
E. H. CLARKE
N. Y. City
P1HEOTOKY OF ACCOUNTANTS
CertUUd I'ubllo Accountants
... LAWUENCU E. iiilLPWN & CO
lata HEAL ESTATE Tip? llUtLD.NO.
BUItNa 4, 8PKAKMAN
lli Uourne.
(1
NEW YOKK COFFEE MARKET
NllW YORK, Feb. 3. -The coffee ni
koi opened sicauy nnu unchanged u
point uigncr, wnn saics ot 2oW bagu
Hie call.
Trudlng continued very quiet, but i
price changes were not Important i
market showed a very steady umlert
Private reports from Hn17.ll quoted freljl
lates to Now York $1.00, and loading tlcl
Iters in urazu arc inciting on the ad'
tlonnl cost of transportation to tlielrri
fors In nn effort to hnvo tho buyer tJ
the higher freight rate. ;
Thus far the trndo has not been si
posed to follow the (idvnnre, nlttonl
1110 inrrrnscu cost. 01 importation H
SllllllllUICd a nine
from the country,
firmly held.
lVliruary
.Miiiih ...
April
Mnv
June
Julv
AUKIISt ...
,rii!inibcr
(K'tnlicr ..
November
December
U1U.
better spot denm
aim spot prlcet 1:
.
Toibiv'a
nlicnbiK
7.111
f'-iSBT.Jl
7.M5I7.8I
Yestwila
Z-MitJ
U7il
7.487.:,
J.M!
t.mm
7-it(
'.WtU
7721;
J.7IW
781811
New Tin Plate Company Formed I
A new company has been formed uniJ
the name of the Haltlmore Steel and il
l'lnto Company to erect a large milli
Haltlmore. It Is proposed to In.
$1,500,000 7 per cent, cumulative preft'm
stock nnd a like amount nf comBc
stock, .f. M. Jones, nt present vice pre
dent and general manager of the 11
slllon Rolling Mills Company, will It
conic president of the new concern.-
Safeguarding1.;
Your Valuables
This Company's Safe
Deposit Vaults arc of,
modern construction;,
fire-proof and burglar-,
proof, and are protected
by every device necessary
to insure safety.
Individual Safes rent
from $5 up; charges for
special deposits, such as;
silverware, are based on,
the value of the articles,
deposited. ".
Complete equipment
at both offices.
Philadelphia
Trust Gompan
Main Office j
415 Chestnut Street '
Broad Street Office
1415, Chestnut S.treet
I
ELKINS, MORRIS & ($
BANKERS
Land Title Building
Philadelphia
American Ice Co.
Real Estate 1st 6s, 19421
Earnings Over Three
Times Interest Charges
on This Issue
Pennsylvania State
Tax Refunded
Yield 5.88
PItfc' r.lnn.. ChlC. &J
St. L. Consolidated 41
Series A & B
Price 102 and Interest
Yielding about 4.37
MEL LOR & PETRI
Member. N. X. VUU, Stock fhH
SS3 lOiLUEltt'IAI. XKIST llVMl
uLrisA'AlWjjiKiplli'lilMl'll'rflf'l iJrVWlTjMKllfljTITIiIlfT ii) Mil i)Wln'HMli i mil'" J. nf i,Wji i. , j t iiyjft J irlrift wn-, .lut ljn mi gi fSi tlipnj