I'8
-Ss,i
a
f 1G
iu i . . .
EVENING -LEDGER-PHILADELPHIA, FRIDAY, FEBRUARY 4, 1916.
FINANCIAL NEWS
MARKET UNSETTLED BY REPORTS
OF GERMAN REPLY ON LUSITANIA
' Cables Had It That There Would Be Nothing Which
, " Gould Be Construed as an Agreement to Disavow
1 4 the Attack Crucible Steel Feature in Afternoon
NEW YOItK. Foli. I.
JThe stock market was again unsctttcil ly reports received In soino Im
portant circles that tho Gorman reply was ot a character to brlni? the t.usltnhln
question again forward as a disturbing factor and advlccn to this effect were
tesarded as sound enough to cause a general outpouring of stocks by a number
of the leading Interests. Tho houses which had been commuted to tho bull
sldo for tho Inst three days were among tho heaviest sellers on this movement
nnd the sentiment on tho floor quickly becamo ono of nervousness over tho
Lusltrtntn question.
Cables received by lending Interests woro generally to the effect that thero
would bo nothing In tho answer which could be construed ns an agreement to
disavow the Lusltnnla attack, but In tho mtndn of many of tho Inrgo Wall street
operators the belief prevailed that no matter how tho answer might read
friendly relations between this country and Germany ore Imperative for Ger
many's necessities. Not only because of Its facilities as a harbor, but also ns a
court of appeal In matters In which nit Indorsement of Germany's policy Is
sought.
This belief checked the urgent selling which caused breaks around middny
nnd for a time In the lato afternoon attention was detracted from tho German
nnswer by the violent advance In Crucible Htcol. Uuylng orders wore placed
In that stock without regard tp tho fear of tho diplomatic titimlo.
On this buying Crucible Steel moved up to a new high price for the move
ment nnd tho Street usstnucd that when purchases were made In the manner
; Crucible Steel was bought It must bo with u definite purpose In view. This
accumulation was taken as confirming tho report of n pending merger or absorp
tion of tho property in connection with rumored consolidations of steel Indus
trials, but there was nothing In board room gossip to give a lino on what disposi
tion was to bo made of tho concentrated holdings of the stock.
There was some heavy and Impressive selling of New York Central nnd ft
number of miscellaneous Issues were In supply at cotieos'slons, without regard
to the trading and prlco movements In tho rest of tho list. Marino preferred
was Influenced to some extent by reports of differences existing between tho two
committees which may Interfere with the work of readjusting tho capitalization
of tho company. Distillers Securities was taken steadily because of statements
by tho president that the stock will bo put on tho dividend list nt tho March
meeting.
New York Stdck Sales
tllch, Jaw, Close.
HOJi UWi 149J
OW 1'i im
22'
27 i
70
O'JM
0.VA
01 M
23
2!)
70! i
filMf
07
n2?
Receiver of Rock Island Taking Steps to Dissolve Company
t It Is learned that the receiver for the Hock Island Company Is taking stops
to dissolve tho corporation before May next when taxes under tho law will be
due. Tho steps that will be taken will result In a dissolution and not In a
liquidation. There Is this Important difference in the proceedings, namely,
that a dissolution called for tho winding up of a company, whereas a liquidation
would Involve a distribution of assets. While the' Hock Island Company had
operating contracts with tho Western Coal Company, which were believed to
have a. value of about $75,000, they are now given a valuo of only between
$20,000 and $30,000. The Hock Island company has on baud a few hundred
dollars In cash, but against these trivial assets, tho receiver of the comiiany
has a claim of $3,000,000. Obviously, thero will bo no net assets to distribute.
Tho corporation will simply bo wound up and with its stock cense to exist.
England to Issue New List of Dollar Securities
LONDON, Feb. 4. Announcement was made today that the Treasury would
cancel tho last supplementary list of 44-dollar bond securities tomorrow nnd
that It would Issuo a fresh supplementary list of 4E securities purchasable by
the treasury next week. Tho practlco of Issuing a list of "unusual" bonds at
frequent Intervals Is expected to continue.
WHEAT GENERALLY
STRONG DURING DAY
Exports for the Week Were
10,567,676 Bushels Trade
in Corn Not Large
CHICAGO, Keb. 4. Wheat was strong
In the main today, although at ono tlmo
It sold down to within a quarter cent ot
last night's close, May touching $1.33U
and July $1.244. after they had risen to
J1.34T4 and 1.-'J'4, respectively. The set
back was caused by active selling fol
lowing assertions that Germany would not
admit that tho sinking of tho Lusltanla
was Illegal.
This decline followed a sharp advance In
tho early dealings. Shorts covered freely
on tho bulge, their wants being supplied
by conservative longs and cash concerns
generally. Thero was a rally from tho
bottom on covering, May closing at $1.:I4
and July at $1.ZSV&. or 1 cent abovo yes
. terday's last prices.
Estimates on today's export sales were
not available up to tho close, although It
was rumored that some business hnd
been done. Receipts at Interior points
were liberal and advlce3 from the North
west as to supplies were bearish.
Exports of wheat and Hour for the week
were 10,507,676 bushels, against 9.SS3.671
bushels ayear aso; for the senson they
amount to :32,323,S05 nushels, compared
with 211,109.359 bushels in tho preceding
year. The Modern Miller said that the
cold wave of the Inst week had been pre
ceded by snow In Nebraska, Kansas and
northern Missouri.
Elsewhere the fields were covered, with
sleet nnd Ice, but It could not forecast
damage. It being too early. An Investiga
tion Bhowed that green bug3 In Texas
survived tho cold weather and had dimin
ished but little.
Trade In corn was not large. After
strength early tho market sold oft to last
night's closci May going tn 7S?ic and
July to 7!lc, but they finished within He
of tho top, at 7014c. for May and TD-laC-for
July.
Leading futures ranued ns follows:
Wheat Open. High.
itay i.-.
July ...'..... l.p l.ali
i;orn mew unlivery j-
New York Bond Sales
$-0no Atner Aur ."a nS
.l!"1, Amor Cot Oil ns tun;
11I7.M.0 Aiik o-l I- ." . !.-.'5
"!.".! -'"iiour uo 4'.ia ill's,
Low. C'lnse.
Low, 'Close, close.
l.iUPi tl.:u M.:n
l.-JIH'l.MVjtl.i'l'ii
May 7lU TOJt
July ....., Tai'j -,Wi
OaU
May 51 5114
July 4Ti m
Lard
May 10.M 10.22
July .,, lO.aT 1U..-17
nibs
Hay 11.02 11.0.1
July '11.13 11.15
May' . SO-Wl 20.65
Bl
Id.
a.5o
TABKCU.
TS UOli 7sn
70 7!H 711
30(4 WW "SOU.
47S M'i 17H
10.22 10.12 10.17 -10.0T
iu.;io Tiu.ii- -iu..u
10.07 11.02 lO.DS
11.12 11.13 11.10
20.65 20.43 t!f-"'0 20.1,1
UUS0
FOREIGN EXCHANGE
NEW YOItK, Feb. 1 At the opening of
business this morning the feature was a
sensational rally In French exchange
franc cables, which yesterday had de
clined to 5.93, opened this morning at 5.S8,
a gain of 5 points. The other market was
npt particularly changed, and business
vtt moderate. Tho strength of French
exchange was again explained as due to
an impending large, French credit In this
cpuntry. Sterling opened a shade higher.
Quotations: Demand sterling, 1.75;
cable?, 4.76 9-ldi France cables, 5.83;
checks, 5.89; Relchsmarks, 73 3-14 and
n 15-18; Lire cables, 6.71; chocks, 6.73H;
Swiss cables, 5-21; checks, 5.2214; Vienna.
JtCO and U.58; Stockholm, 27.60 and 27.66;
pesetas, 19 and 19.05, rubles, 29.75 and
W.S0r guilders wore a shade lower, at
41 and 41 15-16.
In the final dealings the market was
dull, but in the m'aln steady. The only
quotable change was a slight shading off
from the best figures of the day In French
exchange. Farts cables to International
banking houses reported that sterling In
that city had been quite scarce, facilitat
ion a rise lit rate. Final quotations
werei Demand sterling. 4.TSI.T6 U-16;
Able. tf 6404.76 1-16; franc cables. 5.8Vi;
hecl6j, 6.6WA: relchsmarks, 73 1-16078 li-15.
!: RATES FOR MONEY
U--v.v.-.v.::::::::::ffe
toHu2ial tutor.' VfcrW to' six
BANSkCLEARINGS
. Kak. clearing' ttxl iomi-ar4 with eorre-
laiB IMS IBU
bHa.Mlufcill.tt7... .UMI i, . Jip.77&,a
u VSrk...U.tti2.iM JT,l,ttl B,
3 Si
4 eta
montb. Fbli!
&... mm.m m-m-'Si s-iii
-irtitn Atchlpon kph h ir.
2..CIII AtchlMon cv Ih l!i.-,r,... 11.1
i.rfiio Atehison cv is i:iii. .iii.-.i;
norm Atl.in Oi Line 1st la.. U.H,
waiKi Hall niilu Is..... lih,
Dwi i.,it ,ii Ohio cv l"..t.. lis
n.vi(i Unit A: o Sun ;i..s."... U2
Wkhi llrkn It.u Tr .la laiu.
Iihio Cent It it N J res ri3..1lil'i
I21KMI l-lill Copper 7li i ..." I.TJiJ
llKI Chrs ,t Ohio I'jS K!
STiVKi e II ft Q lolnt Is .... :i
r.mo Ken iH IU
lim C ai .i .st v Ken 4s... in
Wen flo rv P-'.m lciii.-.
film Cuniliorlanil Tel .' Iihiu
r.(n l)p Jiu.l eonv Is... K171,
JHisi Den ,'i It li rM .Is ... II7W
Who nis sec Corn ns 72V
lOMai i:rlo (ten Js Miv,
.V-0O ilo eoi.v la yor U.... sot:
muii rjen i:ici' deli .is lnni
."nun Indiana Sievl .1 mi'.
2UKI 111 Cenlral Is 111.12 y.fl
2INH) ins Cop cv to lsi'.
.111(1(1 Inter Met IIi.h.. 7tt
20MKI0 Inter .Mer Mar et l"-'.s. lir.'i i
.H.il Jaivtn new O S -lsr.. 7ly
,rn... wojit. ii.-v nun ,a....
Whm) Kan City Ko .Is
21X10 ljiiku wtccl .is ins:.
107O.XI Ijiclui Steel .Is 10.11).
MK'i .Mlllll Ji St 1, 4...
l.'Lino Mo Kan & T LM Is..
.HUM Mont IVmer ,1s
1IX NrtVNSlll Kleq 4a
noun n v c ii :ii..h. ,. . .
KH'Bl N V ( & Hud ll-s...
7HOiK) N V Cent 11.1
."kio .v y city -ih uira...
i;MNl V Y Ont X.- W Int lu
Mioo N Y Itwy rer 4s
filiKKi N Y mvy udj .is
IIHIO .V Y Tel K'-n IVjS
L'lKlcl N Y W C t4hlt. ...
.i".., :sor ,v west -in. .
111!
Mil,
!!!?
11.1 ,
111
lo.i;
mm
!':fi
M
. aiH
: iSfi
.-Jil
. 117
. 7.1
. S
. II IV,
.lim,
.1I)7'm
.4
7.W
111',
Wtty
NIL,
ll'ltl
Ml
117'.,
lliiC.
i;ni
ii.i
lis';,
lie,
HI
101'.
IKI'i
III7',4
.17'.,
714
Ml
Mill
llll-v,
lH
Nl'4
lM'i
liio'
l
i'l'i
III!
i.ihpii .or i'ao iirior 4s ICITi
lii'Hi Nor 1'ae sen ."3 117
U'Oiiii l-iu-inr Tof Ks ittHi
.KXMi Iteaillns Ken Is 1131;
llodii Hen lr ,t S .Is !iii
iBiiimt rrn is... ici
Island .Is 47
SIKio Itnek
I'limi Hoek
I'VUHI South
'S
... VI,
P7''
-fr
in'.;
n. VI
1117'.
M
7.1' ,
IMK
ll'.IK,
.-01..
IIIH
lll'i
(iHs
1 IKI'i
II.1U
use
nv-5
Ml
M.jmi Jo iv ret f p .T3,...ini!U Kin
S.-Mnsi South Pae rM Is not? )M
li mo South Itwy Ken Is 7n 71
Siiixni Kouth Itwy con ,1s lirj; lij;
1,I,JI, i exim io m
7100 Third Ave wlj .Is.
IIhki I! 8 Itubber lb
41'WH) V H Steel ,1a it
ii) L'ntnn I'ac let Is.
1WK) Union l'au cv Is...
::um Va Car Chni 1st .is.
11.100 Va Itwy ,1s
laium Wnli.uh St n
1U00 West lllcc cv ,1s. . .
.m.iii
. Ml
.111 Hi
.111.1
. IIS
. III'!
, IBM J
. ns '5
. IIH
.1.1.1
ltl?
lill'i
7'i.
IW'4
mi',
iisu
!i!IW
1.U
lll'l
I IIP',
III
'.11
11.1
I si
Kkl'i
I'll'..
IK! I,
t)7'l
.!C'
l(l .
mm
in-
ii.i
!l'l
II I K
114
Kill.',
Hn ii i
1(17',
.17 1',
72 K.
Mil,
WW,
lini
iiiij!,
1M",
7(1
mo4
.s,"'J
l!
inn,
IMH.J
'
117
7.11,
SI
III',
11.1'i
7r,u,
(o'i
inn;
IL'lt.
IdTi
IWk
47
Ml
lull
1)1 )i
iiVjS
M
mit
II7'
IWIj
llll't
Ol'J
111-,
MINING STOCK QUOTATIONS
TO.VOl'AII STOCKS.
Jim IJutler iti
MiieNunmra ni
Midway ii
Mlionli Extension .in
Mnntanu , ,i
North Star is
Tuiiuiuh IiRlmont 43
Tonopali Uxtcnaion , i
Tunoikdi Mining (i
Itceuo Eula as
West Kna ia
UnUDFlliUi STOCKS.
Asked,
.in
.(!
.I'l
.in
i
i
.en
.7S
Atlanta
luuo nun :...
Uooth
llUlldng !...,
c o u .,
CoinLlnatlon IVactlon
llUmanillieM Jl It
llty
1'lorenco
(ioldileM Consolidated
(loliltltM Merger
Jumbo extension '. ,
Kewauas , ,
Oro ,
Sandstorm Kendall
Silver I'tck
MISOKI,I.ANEQL'S.
Fairy Aiteo
KlinLerly , . . . .
Novada 1 1 lit
Arizona United
Nevada Wonder
.21
, .l
.13
, .Ui
. .at
.07
.1)1
.01
. .1!)
.Ill
.18
,l;Ho
.in
.0.1
.01
. .ot
.112
.17
.ai
l.us
.in
.li
.iu
.01
.0!)
.0.1
.11.1
.52
.IC
.")
.ml
.05
.01
.1)1
.m
..'1.1
1.70
NEW YORK COFFEE MARKET-
NEW YOItK, Feb. 4.-Tho coffee market
opened Irregular this morning:, with Starch
4 points lilsher on covering by shorts,
while other positions we.-o unchansed to
8 points lower under scattered liquidation.
Trading wa3 a little more active, and fn
the call sales amounted to 16,000 bags, f
tvuay-s icsteruay s
close. I
7.4'J7.il
February
March .
Aurll , .
lay . . .
oimnlns.
'.'. f'.ji
Alav
JU
T.M0
.....n.iw
l.m
Julv
Auaus ...
S.uismlwr 7.75
October
NovtmUr
I.W
UecMw
T..-HDT.0n
7.J.sf7.SS
T..1uS7.0i
7,2J7
DIVIDENDS DECLARED
Stjin4rU Oil Ootawuy of Nw York.' ucual
o( Jcora February 46.
ra Oil Ceiauiay of Nw York, roeulsr
if ot tt a share, uatakla MBi. 7 tn
stw.k ui record February 2,1.
Anerlcaa Beat Sussr. rwular Quartwly 14
Liverpool Cotton Statistics
I.JVBBPOOL. Feb. t - Following are
the weekly cotton statistics, tlgures lu
twlW'. Imports. Xtjm: Anurlcaiu. THk-.):
1 UOtk. HIM): American. Mi.000: forwarJ.
tist close.
Atlamj Kpre 1C0
AImm 3 Hold Minos. PW
Alaska Hold Jllnw. ... 23H
Allls-nialnirfj Mft ... 28(
AIIK-Clialm Mfe nf... Ml'
Am Ac chemical 7oi(
Am llrrt Sue.it VA
Am fan frl
Am Can pf llt?( 111
Am Car & Foundry. . . f7f OM
Am Car & Fdy pf 17i 117t 117'
Am coal rroducu... irw'4 mH 102
Am Hide & Leather. .. 10i li))i nH
m nine a i, pi fil'S
Am Ico b'cctirltlM 20JS
Am t.lnsecd 2;t!f
Am Mnjcdl pf II
Am Ixicomollvo 07
Am Loromollvc nf. . . .M2M 102
Am Malt DH im
i2H
2714
70
00! (
(5H
nH
ci
20H
2t
!2!1
07!i
lloi 11HJ5
OOK 07
ll.Ji
102
2S!i
2.1
-I2U
102
0'5
Am Malt pf XH xvt mi .Tl!
A In Smelt ,t lief 10U 10H 005. 00H
Am Smelt & Hcf pt...lMS IM5J 111H ltHi
Am Smrlters pf A .... 0.1 02 02 0J
Am Smelters pf I) )7lf V.i iMH S'lH
Am Kleel KoiindtlM. . . AH firl'li oUi fAH
Am Siiciir llctlnln?....llnj ll.'f? 11.115 11.14
Am Tel & Tel 127 127! 12I1J. Mi
Aln 'I oluroo 20" 200 2fM 201
Am Toliafro pf new. . . los
Am Wool tr r M'i
10' i
2SH
2.1
11
0.r!
102
0
SUEZ SHARES ARE
ON DECLINE IN
PARISJHARKETS
German Threats Against
Egypt Cut Small Figure
in Decrease
EXPORTS ARE HAMPERED
Am 7. I, A Smelt. .
Anaconda Conner..
Associated Oil
Atrh T & S I'
A tell T & ,H F pr
Atlantic Coat I.lne. .
Haldwlii Loco.
1II7'( 107K 107H
SUt MH 10
r.0' 70 Vfi'i fiS4
.S7'( K7'i Mi SV,
. 00' ( 03 " W
.101 101 VYlti 103
.100 1(K) I(K) 100
.112 112 112 112
112' WMi 1I0' III)'
llalilnln t.oco pf lOS'j lOS'j lOH'j 10S!J
ltaltlmnti! & Ohio
llalllmow & Ohio pf . .
Hank of Commerce
U.itnpll.ii Mliiliic
Ilrnoklyn llnp Tr
Ilnsh Terminal
Itutte & Superior
Cat Petroleum
Cal lViruleiim pf
Canadian Taclflc
Central Leallier
Cliesapeako & Ohio..,
Chile Copper
Clilno Copper
Chleaun (It West pf. ..
Chi Mil .1 St V
Chi Mil .V St I" pf.,
C C C A St I
Chi A Xoitlmcstern
Chi It I A I'ac
Cluetl Tea & Co...,
Col l'tiel A Iron
Col A .'niithern
Continental Can
Cuntlnrnt.il Can if.
Comollilatcil (ias. ..
Corn 1'nnlucts lief. .
Corn Prod Hef pf. . .
Crurllile Steel
C'rucllilc Steel pf....
Cuban-Am Sucar. ...
Ciilian-Ain Sugar pf.
Distil S" Corpn... .
Home Minis
Klee Sturiuo llat
Krlc
Ilrle lft pi
Krlo 2d pf
led Mln A Sm pf .
(leneral ICIectrlc
(icnoral Motors pf. ..
Hicodrlch l! K Co .
dranliy Consol
(Ircene-Canan'.'.i
(it Northern pf
(it Nor cfs for oio pr..
Ciuegrn l.ii'lii
SO 4
7(iJi
172'i
m
H7H
111
7!i
.12
or,
17lf 172
mn mi
N))S hS ss
170!f 170
2fi 41M
S7!j
110
7,s;,-
,T."(
0J
170
25$
S7 S7
ll.Vj 110
0.1
2.1 S
M
.132JS
. -It)
. 131)
. 10
. 71
. t.VI
. 2.S'!l
Sl.'l
77! f
SO'
02
100
i'lli
am
2.1
c:i
h
no'
02
10!)
r.'in
0.1 OIH lilK
2l'j 2.1 2.1
.i;H .1.) no
07; mu tm(
l.T.'.ij l.'fcjli 1.12! 4
'1(1 '10 -10
120H 120H 121)34
IHJf 10
71 7-1
W.'i !!
2.S 2.S
7!M 70),
107 10
lOJs
71
16' C
2S
S1JS
10714 107
MS 1,17,'J 1,17! f 1.17'
22'i 22!t' 21? f 21).'
U0J, d.-)H 0.')H 'X,)i
SU3S S0?j S0)i HX'i
111 U7'i ll.r) 110'J
2ftt4' 2().ili 2().)'i
10!)3i lOilU 100'i
fiOJi -17 1PJJ
2S'4 27!i 2S
'Oil
.10S
. I0H
. 2Si
. (..1
. Bfi't
. MH
. 4S
. ai.'f
.171
in
Tlli
. 01!i
IS
0.1
as's
rM
is
51! j
172
111
7:i
114! 5
IS
.122', 122; 12Pi 121M
111 -15Ji -H!5 -m
22 li '12
024
.17' i
fi2H
IS
Mi
171
11UU
71)5
i2?r
is
L'L'i;
023 i
.175 i
.-2!i
IS
J.'f
171
111
72
0.1!f
IS
-.'.2
1001
22W
02
inoj-5
224
G
Illinois Central It'll 100"--
hit Acricultural 23! f 22!
Int Acrlcultural pf.... 023 03
Int llarv N J 110',' 11034 HO'-i 110JS
Int llarv N J pf 11034 110 110 110
Int Con Cor v t c sh. lb? 10! i 1S34 1SH
Int Con Corp pf 7fl!i 7-l'i 71Ji 71H
Int Paper Co 11) ll!i 10Jj 10
Int Paper Co pf 4S -IS 10 4(1
Insp Con Copper 40 45.' i" 44! 2 4.r)!i
Int Nickel V t cfs 20S34 20St 204 201
Int Nickel pf v't cfs. -til
Int M M cfs of dp. ... 10! I
Int M M pf c of dp.. 70
Kan City Southern.
Lacv Steel
St
una 100! i 100!-;
lJJf WA 1731
70)4 743. 75'4
27 20 2ii?t
Xi'i SO S0J1
I-ineile Gas 100,',' 1(101.7 101,'i 10m
1-akc Krie A West...
LolilSh Valley
I.lcselt A Myers....
I.0111; Island
Lorlllard P Co
I-orlllard V Co pf . . .
Louis A Nash
Maekay Cos
Maxuell Motors
Max Motors 1st pf. .
Max Motors 2d pf. .
Mexican Petroleum..
Minn A st Louis pf.
Mu Kan A Tex ,
Mo Kan A Tex pf..
Miami Copper
Missouri Pacific
Mo I'ac tr cfs
Montana Power
Morrli A Essex
Nat lllictilt Co pf...
Nat Cloak A Suit. . .
Nat iOnam A S Co..,
Nat Kliam A S pf. . .
Nat Iaad Co
Nev Con Copper. . . .
N V Air llrako
N V N II A II
N V V A II H. ..
N Y (J A St I. 2d pf
N Y O A West
Norfolk A Western...
North American
Northern Paelilc
Out Silver Mln
Pacific Mall
1'tnn It.illroaii
1'eorics (ias Chi
Phlladelphli Co
Pitts Co-it Co XJ.
Pills Coal Co N J
Pressed steel Car...
Pullman Co
Quicksilver
Quicksilver pf
Hay Con Copper...
Hy Steel Sp Co....
Iteaillnc
ItKiillnir 2d pf
Henubllc iron A S.
Jlcpubllc Iron A S pf..H0
Hock Island
Itock bljiul pf
Seatoard Air Una....
Scalioard Air Line pf.
Scars Hoebuck A Co.
Sloss-Shef S & 1
12
.. 77N
..250','
.'!lS5
..117
..121
.. SO'
.. Vi
.. SS34
.. 51
..1073,
.. 154
.. 04
.. 14!4
.. 303
.. S)i
.. 53 ',
.. 75
.. HVi
..127
.. 75.4
.. 20" i
.. Jl
.. (ii)'f
.. 153 i
..147
07!f
. .lOOVi
. (()
. 273J 27
.1173J n
0
...Ul'i
... S4
... 124
... 575 i
....107
... 43
... aiH
pf.107
... 57
.'..105H 10.1
... 5i
... 74
... 21JS
... 3034
... 7Sli
... 423
53) s
13!4 134
7rJt. 703 i
250 250
21)4 2134
1004 100 1004
HSi 11SJ4 1183S
121U 12llf 121!.'
S1H S0.4 fil!4
00)( 70!i
SS 88
52 52! i
IO.'!? S 1D.1H
10 10
0. 05.
14)4
30
5! J
534
74
81'J
12S!S 12S1 i 12S!
75' 753 i 753 i
20) 1 25 25
00,4 0534 OH
70 i 0S!i' 003 i
15.4 153J 15i
147 112 145
(175 s 07) i 0734
10134 105
02 02
2034 2034
HUM 110'J
71 71
112.4 112.4
7U 7.4
12'. 12 't
S.V
13)4
77':
!50
SO
54!-j
10S3,
10
05 i
14)4
37
5J4
0
75
MU
mi
30
554
534
74
Hl.U
107
(12
71
1I1W
sv
12.4
57
107
42 'i
XB(
107) j
57
174
1K2
59
734
2 IK
3034
78
42 W
5:?i
110
y,
17
3S
.W.'-i
1054 105i
123i 424
324 32),
107.4 1074
553J 55!4
105 105
5
734
23J4
30
77
4234
5114
734
23K
30
773 i
424
5174
100)4 100) j
5i
34
17
375X
1&24 10
58
10.1
107
South Porlo It Suzar. . 107
South V It Suz pf 100
Southern 1'acitlc 100K 100'f
Southern Hy 23 22J (
Southern Hy Pf 00 00
Standard Milling pf... 87,4 87
Studebakcr Co 1513 152
Term Copper 5734 573 5
Teias Co 207
Texas Pacific 74
Third Avenue 01.4
Union Has A Paper... 73(
United Cisar Stores... 03
United Clsar Mfrs.... 02
Union Tactile 131
Union Pacific pf 83K
U h Imi Alcohol 150
Uulted I'tult Co 130
U S Ind Alcohol pf J12
Uht'Il'S V 10
U bC I V A r'pf... 4Ui
United Hys Inv Co 17
United Hys Inv pf.... 3334
U b Huhber 53
U 8 Sieel Corpn 843
34
H
17
37!i
ISO
5S
160
107
0934
2t34
00
87
SS
ICO
107
mu
2134
00
87
14S4 149
554 5534
20734 201 205 '
7K 7 73.
0134 Gl 01
74 734 7j
0)4 034 9i
01)4 0H4 0134
1344 132H 1325J
833J S3Sf KiH
1574 15234 15.134
140i 13S 130
103 10S 10S
18
40)i
171i
32
fil
82)4
1S54
491f
1734
33
53
cHU
183-J
404
"4
32
514
f2K
U 8 Steel Corpn pf. . .110)4 1104 1154 110
Utah Copper 79)4 704
Utah t'ccuritles 204 2032
Va-Caro Ctwm 4834 '1834
Wabash 154 15.4
Wabash pf A 1534 4534
Wabash pf 11 203 2034
WMt'ti&M 071( 073i
Western Maryland.... 20 2814
Willy Overland 22934 232H 222)4 22(i
Wisconsin Central 3735 37)4 37jj 374
Woolortli F W 12J laiU 123 123
'Quoted ex dividend.
78
10JS
4034
15
414
2SU
6534
27Jl
7834
19JJ
47j
15
UU
2!i
05)4
2.S34
North Carolina Dank Closed
WASHINGTON, Fob. 4. The, Fourth
National Bank of Fayettevllle, N. G, was
closed today. National Bank Examiner
Douuliton u Iri charge at the request of
ttu dlructors.
Jloney in London
UWDON. F. 4. M.ney, MtiUL per
By YVES GUYOT
IMItnr t.'Aence loeonnmlque ot rln.inelerc.
Sfirclnl Colic to the tSvenlng l.cttocr
l'AIUS, Feb. 4,-AUIiourIi Frnnco puts
llttlo fnlth In Ocrmnn tlircnts ngnlnst
KRVPt, Suez Cnnnl slinrcs lmvc fallen
from moie tlinn COW frnncs In 1512 to under
1000. with no ntiycrn. This wna consid
ered tho regular Investment for fathers
of fnmlllcs. lis fnll ndda nnother to the
list of deceptions encountered In connec
tion with itllt-cdttcd securities durlns past
yenrs.
The committee cxnmlnlnff tha nuestlon
of n tnx on war ilroOts hnB scvcrnl times
dimmed Its system. It Is nrobnhlc that
I'nrll.iitient will further chmiKo whatever
system the committee decides to ndopt.
The committee wnnts to tnx the prollts
of the Dnnk of France. It Is rnther n
stnrtllni: measure, ns tlip llnnk of Frnnco
Is still tnklmr enre of l,soo,ooo,000 frnncs
of hills suspended by tho moratorium.
There Is a Kcncrnl outcry ncnlnst the
dinictiltles experienced hy exporters. .Min
isters sny to merchants nnd business
men: "Tnkc the place of the Ocnnnns."
Itut nt the snme time their own depart
ments, with their consent, multiply the
dinicnltles of entry and exit. Kven Roods
Imported for the account of the Govern
ment pay an Import duty. This Is a mere
trick of bookkeeping, since the money
thus received Is balanced by nn equiva
lent expense. Yet all theso unnecessary
fltrures occupy the time of the customs de
partment at tlio expense of trudo nnd
business.
Tho Hank t Francos balance sheet
for February 2 shows a sold reserve of
n,000,iX)i,OOJ francs, which represents nn In
crenso of S.OOO.OOO. Thero have been no
new ndvnnccs to 'the Stnte.
CURB STOCKS WEAK
AFTER EARLY RISE
Cuba Cane Sugar Active Fea
ture Cosden Oil Scored New
High Record, but Did
Not Hold
NKW YORK, Feb. 4. The Kcneral up
ward movement which hnd been In forco
durlns tho Inst few days wns again In
evidence In the early trading, when fur
ther ndvnnccs of from 1 to over 2 points
were scored In tho lending industrials,
while In some of tho oil Isucs ndvnnccs
of from 2 to G points were shown.
While these advances wero In progress.
In many Instances a liberal supply was
shown on what looked to be Inside sell
ing, and before middny sudden weakness
set In on reports about the German nn
swer on the I.usltnnia question, which
brought nuout a sharp downward move
ment which extended anyvvliero from 1
to over 4 points from the high levels. At
tho lowest, only feeble rallies followed on
covering.
Cuba Cane Sugar, which had been the
leader for the past several days, moved up
2 points on heavy purchasers, but later
reacted V,'t. Midvalc Ktecl, after ad.
vancing over 2 points, reacted over 3.
International Nickel declined nearly a
point, Hiker & Hcgoman was freely sup
plied at a recession of a point. Submarine
Hoat after moving up nearly 2 points, lost
tho advance: Tobncco Products was down
2, while Motors also eased off.
Kelly-Sprlnglleld Tire Issues were an
exception, tho now advancing some 5
points on old dealings, while the oil stock
was bid up somo 15 points. Oils were
more active nnd, after showing good
gains, ran oft lu sympathy with the bal
ance of .the list. Ohio Oil was actively
dealt In on tho expectation of a largo
dividend the coming quarter and, after
advancing 5 points lost about V4. Stand
ard Oil of Now Jersey moved up 3; Stand
ard Oil of New York. 3, and Illinois I'lpo
2. Cosden Oil wns active and nftcr scor
ing a new high mark cased off. Tho cop
por stocks after early strength turned
weak. Kennecott declined nearly 2
points, Cerro do Pasco, after a gain of
fell 234. Bonds wcro quiet and easier,
In sympathy with other shares.
IN'DUSTltIAI.8.
I1M.
.. 7L-
Baltimore Tube
Amerl?.in-IlrltlMh Mfp
Atlantic Uulf ifflSS...
do nrt-r
Amerli'un Marconi .,
.Max llublicr lnc w I
CiiTiartlan Cur .t Foundry ...
do pref
Chevrolet Motor Car
Cti.'iuillrr Motors
Cuhnu t-tmo HuKar
C'urtl.s AciouUno
Drlecs-fv.ilmrv
Iluakell K llnrker Car
llemleo ManufacturlnK
liitirn.itlomil Mcr Mar
do nref
Internallnnnl Nickel new ...
Kelly-HiirlnclleM
Kutlioillon llronzo prct
I.eo Tiro
Manhattan Transit
Mnxlm Munition
Mlilvalo Htrcl
Otis Hlcvutor
Otto lllsrnlohr w 1
do prct
reorlcs Motor
I'oolo llns ,V Mach
HI Joseph l.cail
H S Kresgc w I
SUr.d Motors
Submarine lit v t 0 ctf
TrliiiKlo Film v t ctfs
l'nltt-3 l'rollt Bharlni;
U H l.luht A: Heat
do nrel
White Motors w I
World Film
STANDAHU Olt. SUUSIMAIUKS.
Illinois I U JSj
Ohio Oil ,
Miindard Oil of California .111
Standard Oil of New Jereoy f.0.
Standard Oil of New York 'Ill
oTiien ou stocks.
cosdni on iw;
Chalmers Oil B
Hnuaton Oil Jl)
Mldwrst Ilfflnlns M
Sapulp-i 1'4
M1N1NO STOCKS.
Atlanta '. ,,
Cerro de Phsco J04
llulle BSUri ctfs 7J
llutte ft N V.... 1'A
First National Copper 1
no dflvld Merger i".
llecla Mlnlnt:
Ifnniit Kiitinil
Iln, lltlP . ft'!
Jumbo Kxtenslon .,,,,. UJ
Askpd.
71
.. 41
. . :iJ,l
.. 7(1
. . in
. , K",
..l'Jii
.. lliWi
.. r-t"t
.. 4.1
..ll.'l
i"v
;: Tun
.. 7.1
.. sn
. . 711
.. WW
.: f
.. B7U
. . -'I
..llll
.. !."
:: '?n
:: .r:
.. 4
::5tl?
4i
$'
IH)
Hill
IC
SIV4
1-1
:ui
Hit
7N
Va
21
rmn
J.
71.
Ill .t,
n.1
n.Tv'
liio
15
!?j
$
r.i
hi
7
111
7S
IK
1K(1
22(1
:i74
r.m
21(1
in
20
5.1
2.1
1J
si
91
IS
3
Kpnnrctt CODncr
McKlnley-Darraeh
Mlnta of America
Nlplislns Mines Co
West F.nd' ConioililaVed '.', . ,
West End Kxtenlon
HOND3. . r
Baltimore & Ohio Ss 102tt 1MV,
Cerro da I-aco Iff 1 Ij;
Krlo is mW bSV,
Hrlo rlshu , '
N Y State Is IW ..
St Paul 1 D5- "
At present the Leo nubber and Tire
Company is said to be producing 1100
tlrea per day. v Work on two additional
buildings to theTcompany's plant Is being
rushed, and will bo completed shortly.
The equipment for the addition Is already
on tho ground, and when everything has
been completed, the capacity of the Lee
plant will be increased to 1500 tires dally.
LIVE STOCK QUOTATIONS
Itecelpts 32.000.
CHICAOO. .Feb 4.-II0K;.-,
Market J to 30c, runner, unea ana nutcners.
S7.S&8S: cood heavy. 17.7088; rough heavy,
j7.S3l7.0Sj light. 7.35it7.0; pies. B.3Sr7.SJi
UATi ir. niiyi vw. isi icau
litev, rJ.0o.T3: cowi ana birri. $XQ.&
v&
8AU-. Texan. U.40.ftO. calve-. W.USttlO.TX
TillKWi. iftUi viTu- a1?11 SiCAi
rauvQ ana rroiru. t.iwo,; uum.
H.3C.
BAR SILVER
ef MOMuereial bar tilver today wis
Sales in Philadelphia
Net
tlleii. t.nw. dose, chnnire.
ion Am Cm r,2-y.
HO Am O.ik 122
2.1 Anncon.la "515
2.1 tlulT & Sua t e. 42
400 Cruel Steel .... PB
102.V. Cnm Stcrl t.'.Vi
III Rlec Slor rn
122
s.-,v.
42
S1U
7.1V,
rrt
r.2H
122
ssr,
42
74H
in
- H
'i4
i
"n
20 Oen Asphalt pfd 72 72 72
2.1 lim Co N Am.. 20 20 20
2:1 tikn Hup Corp n?4 fJ'm OIA '
rl LehlBh Nnv.... 71!4 "(Hi 7ft',i U
.'I l.rlilch Valley... "7 77 77 ?
US f.cli Vol Tr SOS IKVfc -WW
1.10 t.lt llrotliers... 20 50 20 '1
no North Centrnt.. M w K)
lfl.17 Penna ....,.. BT5 fiSli Ml'.t H
SO Pcnna Salt Mfg M14 no
.V) 1-hlla Co 4:1 I2',i 42j - !'j
4.1 do cum prof... 41J4 4.1'i Wf
4I)7 I-hlla Klec B7T 2W 2Vi
127S Phlla It T t c. 10 18 10
.'IS Phlla Tmct.... T!" 7H 7014 U
Ino Itendlns 7',4 "' 7"i 1'i
14 Tonopah tlel... 4'4 Hi H4 U
10 Tonopah Mln.. W (l", n", H
4(lil Union Traction 4H4 4.1 W 41V, M
200 tfnlteit (I Imp. POU, S!)i4 Hl)i U
.1 t)n Cos N J.... 227 227 227
110O.1 tr S iitecl RI14 821i S2Vt 1V4
7 do pret 11SV, llfi'4 USH
100 Utah Cod 7S' 7S't TSK, - W
US W Cramp ft 3. SI 7!) SO 1
Tolnl nnlfi, 2(1,0.11 uliarro, compared ullli
22,101 nlinrrH je.ilerdnyi Huh fur llilt nrek,
ll)7,H,0 Klinresi miine period lint neck, DO,
2tS Hinrei.
IIONDS,
WO A O & Htee ;
1000 Hcth S Int ,1;
20(10 do 03
7C0O CVin T N J Si
270 1! & P Tr 4
2P0O i:iiilt 111 (las
2000 iiput tu o :
1000 Inter llwys li.. SS
4(100 Key Tel 1st Ss HH
liw.o I, V gen Kia.. 10.11',
Soro do Coal Ss,.tllil
CKK) l-a cons In 11)18 Mill
2000 P.l Co rolls IV-is.llKI
lonou Phil Co cons Ss nl
2010 do lt ,1s ....lfll
Inn Phlla Klec Is... SI
"Ono Ile.id'g Ken 4s. liflty
2(HI Itil-Jcr Cent 4s. IIS
1000 Stand (Ins lis.. t
:i()0 Wolslinch Co Ss llll
tKXK) York Hy 1st Ss OS
-flncrcanc. Decrease.
Total hides, $GS,370. compared with ?99,000
yrhterduyi lluis fur IhU k, .172,II70 same
period Inst neck, $I22,X0.
Net
Hljth. Low. Close. eh'liR.
Is H2!4 Ii24 1124 'A
i.lixlJi ton; 10.1H
,.1201.4 120 120V4 14
1.102 102 102 ',4
. Sll SO Ml l'.'j
Ss.lnOVjlOdVi lUS'-i' ....
10(114 luil',4 Hlii',4
Ss
!'7i
imw
IDS'),
IIIFH
IMI
III
mi
IIS
11.1
noii
m
ns
r.s
(IS
101'S
ion
(ism
mo
tu
lot
s.m
ns
ns
IMS
no
ns
.'
- v,
M
2
Local Bid and Asked
Today's yesterday's
Hid. AsUihI. Hid. Askl.
Ilurrnlo & Sus t c II 12 ll'i 42
do prcf no ll 1 si 15 "I
iiriHJ o :tsj; :i7 :i.i :i7V4
li.il.iwin lin'& ill 11:1 111
Cambria Steel 7IU 74 7171 74ts
Klectrlc SioniKo 112 1st n l
Oeneral Amdialt Ill :t.'U,i XI :tH4
do prof 7!.i 72 7I'4 72
Keystono Telephone.... 14 ji'4 II 14'.
ilo t c II ll'.a II 11
do prcf r.s 711 l.s 70
!.ako Sup Corp tH4 uyt MV, !
I.ehlBh Nav Til 7il0 7(1 7il'4
Ix-hlKli Val 7(1 "ll'i 77i,i 77k,
IhlKh Vnl Tr 1!) 1PK ID lli'-j
do pfd :nni :siK :i!'i s
Pennsylvania. SH WP, .", fi""4
I'hlla Klec 271, 27i "J7i 27'5
Phlla Co 42V4 4.1 I2ia I'l'j
ilo .1 per cent pr :m .'IS nil :ts
do (i per cent pr 4.'I'4 41 4:ttj 44
Phlla It T 1S' 111 IS)5 II)
l-hll.i II T t c is(s, 111 1N& in
IleadliiK 77 7"'l 78J 7lVi
Tonopah llclmont 4'4 41. 4V1 Wi
Ton Mln U ni.i-in (11.1-1(1 II 1.1-ln
Hnlon Traction 41 4.1V4 4.1 IIP!
V l) I Mir, IK) Mi', lsi
U S Steel !Wi, ! M 8.114
York Itwy .sij ,s.l, M, si,
do prof :u :is .14 :is
IVm Cramp t c 7.1 Ml 72 80
Financial Briefs
According; to Ilradntreet's exports of
wheat this week were 10.jfiS.000 bushels;
last week, 8,710,000 bushels; last year,
9,884,000 bushels. Sinco July 1,232,
n21,000; year ago, 214,100,000. Corn ship
mcnt.s this week were 071,000 bushels;
last week, 085,000; last year, 1,012,000.
Since July 1, 0,611,000; year ago,
12,100,000.
It wns announced that the recent Issuo
of $15,000,000 Willys-Overland Company 7
per cent, convertible preferred stock, un
derwritten by a syndicate headed by
William Salomon & Co., ha3 nil been
sold.
Tho New York Subtrensury gained $115,
000 from banks yesterday, making tho
cash net gain 3lnce Friday of 12.5S1.000.
A special meeting of the stockholders
of the Paclllc Mall Steamship Company
will be held at the olllcc of tho company,
65 Wall street, on February IS, at 11 a.
m. Tho purpose ot this meeting is to
ratify the decision of tho salt of the
steamships Peru, City of Para, Xowport.
Aztec, San Juan, San Jose and Pennsyl
vania to W. It. Grace & Co. and asso
ciates. A block of JIOO.OOO of Anglo-French loan
5s sold nt 0171 shortly after tho opening
today on the Now York Exchange.
The annual report of tho Standard Oil
Company of Kentucky showed net profits
of $1,124,640, an increase of $120,265, and
equal to 37.18 per cent, earned on the
stock. The surplus after dividends was
$614,640, ngalnst $23I,.17.r In 1914.
The Now York Curb Market Asaocla
ijon has formally listed 25,000 shares of
common and 23,000 shares of preferred
stock of the Ilaltlmore Tube Company,
Inc.; both at a value of $100.
Marshall O. Penbody will tnko charge
of tho New York office of Urookc, Stokes
& Co., of tills city.
Two Chicago Hoard of Trade member
ships sold for tlOOO.
Edmund Allen, of tho Allen, Lane &
Scott Printing Company, 1211 Clover
street, celebrated his Will birthday quietly
at his home today. In tho Gladstone
apartments, 11th and Pine streets.
Plero S. du Pout, of Wilmington, was
elected a director of the Philadelphia,
Bnltlmoro and Washington Itailroad, at
a meeting of the board of directors in
llroad Street Station today, to succeed A.
D. Wagner, who died recently.
Tho Western Power Company will re
deem Its 2-year 6 per cent, collateral trust
notes, due March 1. 1917, at the Hankers'
Trust Company, of New York, on May 3
next, at 100,4.. This Is lu accordance with
tho provisions ot the trust Indenture se
curing tho notes.
Consolidated Gas Company
of Pittsburgh
This corporation has defaulted In tho
puyment of Interest, due February first,
on its' issue of $5,000,000 live per cent,
bonds, secured hy llrst mortgage dated
February 1. 1898.
In the interest ot bondholders, the
undersigned have been constituted a
Committee to take such protective meas
ures aB may be necessary. The Com
mittee Invite all holders to deposit their
bonds with the Pennsylvania Company
for Insurances oh Lives nnd Granting
Annuities, No, 517 Chestnut Street, Phil
adelphia, which has agreed to act as De
pository. A form of deposit agreement
Is In preparation. In tho meantime, tem
porary protective receipts will be issued
to all who deposit their bonds.
C. s. W. PACKARD, Chairman:
WILLIAM P. GEST, '
THOMAS S. GATES,
E. S. PAGE,
Committee.
G. W. PKPPEIt.
Counsel for the Committee.
DIRECTORY OF ACCOUNTANTS
Certified Public Accountant
J.A1VHKNCE li BnoWN & CO.
W16HBA1- fcSTATB TltilST ULlUJiNQ.
. z rsr-J
PART OP P R. R. SOUTHERN PACIFIC I
STOCK SWAPPED FOR BRIDGE SHARlf
j!
Awards Large Contract to Pennsylvania Steel Company
uamDria ana ivapiu iicinaiu in uuinana
on Local Exchange
An Interesting development In Perm
svlvnnla Itallrond nltnlrs today wns the
nnnouncement that tho company was em
ploying some ot Us holdings of Southern
l'nclflc stock In 11 trndo with the Louis
ville Hrldffo Company, minority share
holders. 00 per cent, of which. It wns
snld, hnd agreed to exchange their Urldgo
stock on a basis of six shares for seven
of Southern i'nclflc. Thin Ingenious
method of disposing of somo Southern
Pacific, which It orlslnnlly ohtnlncd In ex
change for Hattlmoio and Ohio slock, met
with general approval from Pennsylvania
shareholders. The Urldgo Compniiy hnn
$1,500,000 stock, par value MOO n share,
of which the Pennsylvania Company
owns $!H)2,00O. The transaction would
call for JG97.200 In Southern Pacific
slock In payment for all tho minority
stock.
Incidentally the Pennsylvania awarded
a contrnct for two sputis of tho new
bridge at the Indlnna end to the Pennsyl
vania Steel Company, which means nn
nutlav of nuout $250,000. Tho balance
of the spans required will bo contracted
for shortly nt an estimated cost ot $1,500,
000 additional. Neither Pennsylvania
Itailroad stock nor Pennsylvania Steel
stock did much on 'Change nt first, but
later Pennsy turned downward In sym
pathy with the reaction In Wall street.
ThC chief features of strength In tho
early market were Cambria Steel nnd
Itapid Transit. Nothing new developed In
the Cambria situation, but It was gener
ally agreed that the traction voting trust
would bo extended for another five years
In view ot tho wonderful record achieved
by the pret-cnt mnnngcinent In faco ot
adverse conditions.
An the dny progressed other Issues be
came prominent. United Gas Improve
mont advanced across 00 and Philadelphia
Electric also Improved ns did Union
Traction. Cramp Shipbuilding lluctuatcd
erratically. At one time it was down
two points, but subsequently rallied.
Donds wcro quite active, notably tho
Tnnftavlt-nnln T?nltmi,1 i,hha. v,.- ..
Plllln,llnltln rVitnnnnv C. .l ' .t?0."1? U
ley Coal 5s. ' " '"" " Til
The reactionary tendency which B
vcloped In New York around mlttk
rpttt a check to tho advance In uS,
Issues. United States Steel dropped 21
low S3 and Cambria lost Its earlier n
Pennsylvania liwnmo distinctly S
uaiiiK lit ill ij. iwu puinis, wnue Ite&di.I
nnd Lehigh Valley nlso sold oft sharM.'
Ily far the most active Issues on 'Chan,
were Cambria and United States eimi
Somo 10,000 shares of each being tra5!
In during tho session. Lake Superior foi1
lowed the general downward trend desnir
the statement Hint the plants of the if
irnnni Sleet Cnmtinnv n cnLoi.ti . s
working to capacity on war orders aJ
rail contracts. Earnings are riinnlf.
uuovo uiiy previous year in the htstor,
of tho compnny. 3
The refusal of the mlnr.rn' .1m,j. .A
the anthracite operators may have 3
fected tho hard coal shares, but i
great pressure developed. Tho mlw
ll..nmtilB ,(, ,, 1... It. . '
L,.-i,.,i.t,tt in,., win ,.. liiu upcrators
plaining their attltudo aroused favorakli
comment In financial circles. The nri,
clpnl things demanded by tho mlnS
nfter the present ngreement cxnlr2
March 31 nro a 20 per cent. Increase S
wages, nn eight-hour dny, chanitM 1.
of tho tin on nnd n twn.vn.ii. ...i.".
ngreement. Tho operntors propose thii
1 !. .itrrA.. ..... !... ..' ' -0 "ill
1, mi; uiiii uillh wuiweuii wicm and tu
miners cannot bo settled between then.
HpR'pfl. tlinv ll l'nfr.r-.1 I., II... I .
conciliation provided for in the award S
the Anthraclto Strike Commission of m
In Ita Vrrilv in llio mlnnro' !.,...-..,- VT
opcratorn' commlttco stntea that to ctm!
liiu ,u mviL-oM- wuuui mean an t&
vanee to the consumer of (M cents a tot
for domestic sizes of anthracite tS
operators dcclnro that tho tmthracltc It
dtistry Is being conducted "on as low i
margin of prollt ns Is posslblo If the on
orators pro to contlnuo to serve tf.
jfuujii;
!
COTTON DID NOT RESPOND
TO ADVANCE AT LIVERPOOL
Heavy ScllinR From the South by
Spot Houses the Cause
NRW YORK, Feb. 1. Heavy selling
from the South and by spot houses pre
vented the cotton market from responding
to Liverpool cables nt the opening this
morning and the early tone wns barely
steady, with prices 1 point lower to 2
points higher. Tho demand wns limited,
with one Important operator the only
good buyer.
The market was unsettled during, the
greater part of the session. After the
early setback prices sold about 2 to r,
points above last nlght'H closing figures,
but tho demand seemed to enmo chlelly
from Liverpool, while the advance met
further scattered offerings, and prices
later cased oft under selling which seemed
to retlcct nervousness over International
conditions. July contracts sold off from
12.n0c. to 12.19c. or nbotit 7 points under
last night's close, and tho general list sold
about r, to 7 points net lower. Business
was not active and the tone was feverish
with comparatively small orders affecting
prices, pending more definite ndviccs with
roforence to the Lusltanla negotiations.
Some of the later reports from Wash
ington wcro more favorable, however, and
after selling off from 12.07 nnd 12.19 for
July, or about 5 to 7 points not, lower,
tho market rallied 4 or 5 points from Iho
lowest. Trading became less actlvo after
the Hurry of liquidation, with the market
probably waiting for more dcllnlto politi
cal ndviccs or for somo indication as to
tho further attitude of Southern spot
holders.
Liverpool cables wero better than due,
showing gains of 10 to 11 points, against
expectations of 5'A to 7 points. Only a
limited amount wns offered, private ca
bles stated, but the market was described
as a small affair. .
Temperatures wero still below normal
In the cotton belt this morning, but clear
weather prevailed In nil sections.
Kxports for the day aggregated 29,027
bales, compnr'd with 41,5.17 bales last
year. Clearances for tho season to dato
amount to 2,909,030 bales, contrasted with
4,127,270 bales for the corresponding per
iod last season.
Vent.
Close. Open. HlKli. Low. Iii-t.
Mnrch 1I.IKI II.I).". 11. Hi 11. SI ll.ti.-.
Mny 12.12 12.14 12.17 12.0S 12.1)7
July 12.211 12.2.-, 12.110 12.17 12.1S
October 12.1KI 12.2-.I I2.:i:l 12.2(1 12.21
December 12.112 12.12 12.11 12.::2 12.112
January 12.41 12.47 12.47 12.11 12.11
Spot 12.0(1 sj. 12.111)
Liverpool Cotton
LIVERPOOL, Fell. l.-Spot cotton was
dull today at an ndvancc of 10 points on
tho basis of 7.S9d for mid upland. The
sales aggregated 1000 bales, including 2000
bales American. The Imports wero SOO)
bales, all American. The market for
futures closed llrm, ot a net advance of
m4ffl5',4 points.
LOCAL COTTON AND YARN-
TRADE IS SATISFACTORY
Strong Tone in Wool Market Hosier;
nuns liusy
Local cotton nnd cotton yarn dealers it
port ineir rcspcctivo lines in a very satb
factory state. Prices, whllo steady, ihj
show nn upward tendency. Are doing 1
good volume of business and there is 1
Inrgc future Inquiry. Collections arc good
and tho business generally satisfactory,
according to It. O. Dun & Co. Local Bod
market has retained a strong tone dm.
Ing the last week. Good prices have bed
obtained, especially In foreign wools. Do.
mcstlc wools nro said to bo In fair d-
maud, nitnougn tno Homings nro light and
business has been restricted to some .
tent owing to the fnct, and tho rising
views 01 uoiucrs.
Hosiery mills report that while they an
very busy thero Is little profit In thi
various grades of hosiery at the prevail
ing prices, and It is believed that somi
action will bo tnken in the near future
hy mill owners to obtain more money for
their products.
Tho leather market continues actln
nnd prices remain high and firm. Thi
glazed kid market Is actlvo and prices
high In comparison to quotations of pre
vious years. Haw material Is scarce and
high In price.
e
r
UNUSUAL OIL & GAS SUPPLY
to meet
AN INSISTENT DEMAND
Located In the centra of the Wont
Virginia Oil & lias belt with 14 pro
ilutlnK wells.
Barnett Oil & Gas Co.
(Incorporated)
Cap. $2,300,000 l'ur Value $1.00
No Dondu
No OiitxtmiilliiK Inilrhtrilnrs.
Ilim 14 producing welln. tho output
of which In served by three pipe lines,
Including the riiumlurU Oil linen
(thereby ai-urlii8 Htundiird Oil prices).
Tin- ttork of H1I1 company Is now
brine trmled in on tin- N. V. Curb nt
about 2'i. Wo recommend IhU
10 in-
lock
finehtnr.
IJ'rttc for Special Circular No.
E. H. CLARKE
SI WILLIAM St.
N. V. City
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 sent by post, we suggest
writing us the particular pur
pose for which investment is
desired. Wc shall then be able
to advise, and to specify the
" bonds which, in our opinion,
will be appropriate,
Eqwarb & Smith &Cq
BANKERS
EsTAnusilED 1802
Utmlcrs New York and Philadelphia
Stock Exchanges
Bsojn and Chestnut Sirs., I'tiium.
30 Pine Street New Yoik
- j
4
Wheat, Corn, Oats
Provisions
Carried on favorable terms
Write tir our Dally and Weekly
Market Letters and lllda and Offera.
ContlnuouK quotations posted In
our Board-itoom.
Hughes & Dier
. .o',.n.!",,'', "'dcaeo Hoard of Trad
113.1 Huluut blrcct, J'lilladclplila, ia.
A Bond Offering
A Combination of
Investment Strength
The Ten Year G Gold Bonds
of the Mlrirlto West Utilities
Company yielding- uhout 6.50
uro secured by a pledno of mort
gage houdf on properties of sub
sidiary '-ompaiues operating '
12 States and 333 towns and
communities.
The earnings for the last fiscal
yeur wero over three times the
nnnunl Interest requirements of
these bonda.
Because of Iho ureat diversity
of sourscs from which the Income
is derived and becauso of the
great number of properties by
which those bonds are secured,
tho investment Is unusually well
safeguarded.
Send for Circular No, 326
William P. Bonbright & Col
Incorporated
MORRIS WISTAR STROUD, Jr.
Manarjer
437 ChestnutSt., Philadelphia
New York Uo.ton Detroit
1-ondon , I'arii
William P. Bonbright Co. Bonbright t Co.
These Men Direct
The MORRIS Plan
$&& JlwV' -
li:fS. fc&vvs&, swfcffisasr
Over JDOOOOO in !,,. .. ..,. . . .
c,.ir. , j .B,u,n iiw, maao to date. Deta
.Supon-hKd by in. stata lUukln Vpartm.nt.
PRNNSYf.VANIA
fOtfSJ' ROIB, Prea. irAM PrtMnAMV
1507 Arch Street
1
of I.oanj and Investment Id Phlla-Uelphlu;
Harry Kelko
Tho. Newhall
.lust-nil M. tjtccle
Charlton Varnall
W. I'lunLett Stewart
Detail on request
"owjxn " uanRY, v. pr.
.. num. r. -r. and Treaa.
s
apw
SSSSSSS5gggg?gggK
ptw -xoncaua-ST Jls ccrica la
8UHN8 & BPSAliMAN
wi uourto.
msMsLm
g-eA mm AmwtojW, ttWt exports,-9W.
4 4 44Tf.4lXit-C?t4W&4