SWSp5
EVENING LEDGER PHILADELPHIA, TUESDAY, FEBRUARY 8, 1916.
14
i'
ift
tr
Iff
I
if
$
FINANCIAL NEWS
BOOM TRADERS WHO WERE BULLISH
IN MORNING TURNED TO SELLING SIDE
Some Issues Were Bid Up Without Regard to Diplomatic
Situation Pool Activities at Intervals in Many
Low-Priced Industrials
NHW YOItK, Kcb. 8.
'Tho room traders who liml been the clilef bull") In the market tluriiiB the
first hnlf of the ttiiy lost confidence In their position lifter noon and turned to
the HClllnK'nlde. Slight concessions resulting In the standard Issues from these
sates wcro In themselves without Importance, but while the selling was In
progress rumors were circulated about the Washington enbtnet meeting and
eomo of the traders expressed disappointment that no announcement had been
As n matter of fact, those Informed about current diplomat? discussions did
not expect that any statement would be made ntter the meeting, but any excuse
was good enough for the room traders to take as a reason for offerings of stocks.
Some Issues, Including Allls-Chalincis, wcro bid up without regard to the dlplo
mnllcNiUuatlon or market position, and there were pool activities at Intervals In
many other of the low-priced Industrials, but taken altogther, the market was
one In which outside Interest was absent to a greater degree than at any tlmo
slnco the beginning of the year, nnd the variations In quotations were without
Significance.
For more lmportanco was attached in banking circles to developments In
foreign exchange. The steps tnken by the German Government to stabilise
exchange by deposits of gold In Holland were reflected In a brisk demond and
sharp advance In IJerlln exchnngr, rclchsmarks advancing from 7 Pi to 76', 4.
A short tlmo ago sold nB low as 71!'i.
Copper Sales Reported at 2D Cents
Sharp advances In the standard market In London caused considerable
excitement In the copper metal market here. Some leading pioducers nnd
dealers did not make quotations to the hucrs, while others held June
deliveries at 27 cents a pound. IJuycrs came Into the market In droves nnd the
prices of the arious sales that were made were based on the quantities In
volved, the deliveries wnnted and the position of the customer.
For nearer deliveries many levels nre being talked of nnd a sale of u small
nmount of March copper Is reported to have been made at 29 cents.
New York Bond Sales
II700O Amer 'ot Oil Tm . .
istoo Anulo rr J, 5n . . ,
J S)0O Amor Smelt Sec (Is
7iO Amer Tel clt -In ..
2ftomi ilo cvt 4W .
lwno Atchison (ten U .
MXW Atch & K Okln 4ii .
2-iikhi Hilt ft Ohio .Via
"(XiO ilo 4 ..
.IlKim ctn cv 4U.R .... .
,o(i no v i,t:&vv 4
4(oo Hilt R O Kwn .iHa
Imhi llcth Sifrl rfl r .
.i;omi lirook It T h tins..
"mm Huh Term Hide fli
Mouo Cent I.tnth tut ? .
Mum Cent I'nclllo IU,n
1INIOO Ollt l10 lKt U
;iooci ;iuu copper 7n
lino Chen ft Ohio e 414
torn) ilo I'tn
sow ilo r.B
ii Oil Chi (It West 4
lo0 C'hl it Nwn Ren 4n
I sm I'm II Ai g Joint 4
MOO ,lo K(.n 4k .
Uooo Cht II A li III 114s
Ji oil CM Mil ft st l cv M
VKK) Chi Mil it I- S 4
KKKI Col Itlcliutrlnl .
inni I Detroit Cnltefl 4i
240ix),l)i senir Corii n
onoii Trie ,onv 4 Her II
loon UriHt Nor 1st ..
47(00 lluil Miin In Is
7ik llu.l & Man rfil 5n
Iikmk) loHn Central l .. ..
W III Centrnl in lull ..
i Inn Conner cv (Ji
iy intern .Met 4'fit
(M) Interl) It T ref
ltlRh. Ixw.
TONE IN WHEAT
MARKET BETTER
Shorts Covered May Sold Up
to $1.31 Arrivals at Interior
Points Light
,S74
V3
1MI.
WIS
ono Intir Mir Mnr ct VA iniji
looo iHpnnoao new O H 4tjs 74i
IIMNI K f I I H X. 1 lla
IIHm) Ijickl SKel flu 11)30
IKH) Uieleile (Ian Int 1
1111(1 l.eh fll Cnnl -,i .
Mm) jniK & Nnsh 4s
IW) .Miinlnttnn stn 4,
I0 Minn i St t 4 .
.'imi Minn HI 1' H H M Is
Will) Mo Knn 1 lt 48
Mill Mn 1'hc Is
2l0i() Mont Power (is
Won .Not Knnni Htp 5s
looo , v c I, s .Mis
-.(h N Y Cent .
111(H) V l'. & I III,! Is ...
UWlllI Jf V O At lluil l(,H
lion
'II
101",
"Jd
iS'j
41(4
ii. -.2
tuts
(111.
H..8 lint
l7t
"w"' j At hum '&, iii;,
20ii(l N -J City .I'is Mny,T,l bxV
100ji ,v Y city Is lint 107'
Olik SI-MA
IISJ4 IIS),
SH-lJ
NEW YORK STOCK SALES
IiBt close llUll
Adams Express .1I7U US
MaMti J liuld Mines H'4 '
Alaska OoM MhM 21
Allls-rhalmers Mrs .. 2)'i
AIIIs-ChalmcM Mrs pt. MVi
07U
Wi
02 'ii
21
82H
7l)'i
W,'i
mm m
C) 7()J
Iw,
lis
JI
20Mi
W)
r.s
ni'J
110),
f,)
52j
2fHs
21'i
rsii
Am Beet Sucar.
Am Beet Sugar pf
'Am Can
Am Can pf
Am Car & Foundry.
Am Car . l'dy pf
Am Coal Products . .
'Am Cotton Oil
Am Express
Am Hldo A. Leather
Am llldo Sc L ir
Am Ifo Securities . . .
'Am Unseed .. . .
Am IJnsral pf
Am Locomotive . ..
'ftin Locomollvo pf
Am Smelt & Itcf .
Am Smelt vt A . .
Am Steel Foundries
Am Sugar Hef .
Am Tel S. Tel ....
Am Tobacco .
Am Tob pf ne
Am Woolen tr rets
Am Woolen pf t r.
Am Zinc I. & Sm
Anacondi Cop M
Associated Oil .
Atch Top . S F . .
A T S P (if
Atl Coast I.lno .
Ilald Locti Works
llald Loco Works pf . . WSK 01H lOSJi
Close.
US
21
.'):
8'.'U
70
00' i
ran
in
(fili
1,75 117'i H7h 11"
.107?, 107"i
.130M 12S
10W 111'
. T.2
. 2')'1
. 2.Wi
2H
. (uM
.102'i
lOI-ii
02'
. r,3'i
11.1H
.127
20-1J
107'i
07 H
fiO'f
SO'ii
.vm
OJ
2.US
MM
in
OS
12'J)i 1LWJ
Baltliuoio & Ohio . SSK
OallUnoru Ohlu pf. . 70
BatoplldS Minim: . 2'i
Diooklyu Itap'Ir .. 87Ji
Hurus Illin . . So
Bush Terinln.il . . .121
Butto .1 Superior . 70U
CjI I'ctiolcuiu . .'!.)' i
Cal retroleum pf . 05Ji
Caiiiidlju 1'dt.lMu ..171
Central Leather fi.1U
Central Leather pf
Chesapeake ,t Ohlu
Chl'o Clipper
Chluo Copper
Chlcaso Gt West...
Chi Ot West pf
Chi Mil & ht I'
Chi Mil & bt I' pr
Chi & Northwestern
Chi It I & 1'ac
Cluott Pea i. Co .
Cluett Tea A Co pf
Col l'Uel & Iron
Continental Can
Com Products Hef
Com Products Hef pf
Crucible hteol
Crucible -Steel pf
Cuban-Am bUL'ar
Detroit Kdtsou
Detroit United lt)s .
UbtUl Sco Corpu
JJome Mines
Kiec Sturace Hat
Krie .
Krle 1st pf
red Mln & Sm j
rwt Mu .1 Sm pf.
Oen Chemical pf
yen Klectrlc
ioodrich UK.
Oreene-Cananca
litauriy Consul
Ureat Northern pf
107 107
Til .it
12S US
101, 10' i
.11' j .ri2
2SM 285 ii
2.T, 21,
VIM VM
07 ' 07j
102U 102U 102U
10J ICO'j lOO'i
0 1 ViM 0.1
nr bo so
11W 113S 1M1.
127'j 127 I27'i
20-i?i 2M 201
lOSij 108 10S
fiO'S f0 .V)
97 07 07
fiO'f 00 00
S7'J SO'i SOK
00 lift 00
101 IO.'1'j 10 IH
1D0H 101'S 100H 101,
112 HHi lll'f 111U
117H ilbM 111!. 115W
lUSJi
.S$!j
70
88
70
8S(
70
2'5
S7 80
sr,a s.ri
mm mo
79k 7h!i
opx o;i
171 170
51",' 5W
2)8
80i
85H
110
70
S2
UlU
170'5
AM
imu ioti7i won wm
02U
2d
MM
i:
35'i
US'i
20i
7.1
111
lb',
MI'S
2JK
ma
S3't
i5H
2:1
100
111
17U
18W
104
47U
a:,m
2aS 200
no no
17K
, 711) i
27
77)f
77
120
50
10.1
Ot Kor cfs fur ore pr
liut'L'tii lupin
Illinois Cent ..
Int llarv .V J
Int-Met v t cfs .
Int t-'on Cor v t c sh
Int Consul Corp pr .
Int Paper Cu
Int Paper Cu pf .
Jusp Coo Cop.
Int Nickel r t eft
Int Nickel pr v t cfs.
Int M M els of dp
Int M M pf c of dp.
Han City boutbern .
Lack Steel Cu.
Lenten Valley
Liggett & Mien pf
Loose-Wiles Bis 2d pf
Lortllard P Co,
touts 4 Nash
Mai ell Motors .
Mm Motors .M Pf.
Minn & St L pf
Meilcaa Petroleum ,
Mex Petroleum pf . , .
Minn St P & S S M
Miami Copper .
Missouri Pacific
Mo Pacific tr cfs .
Nat Biscuit Co Pf
Nat Eiwm & S Co
Tial Lead .,,. .
Nat Lead pf
Key Con Copper
N Y Air Brake
hvmxAH
svoiim.
N Y O & West
Norfolk 4 Western
North American
Nor J'aclflc
Pactftc MaU
PeansylraaU It it .W,
Peoples Gas Chi 10 J
yhilailejphtt Co 42i
pllU coal Co N J 1 i
Pl S Car r,Tn
Fal Str Corp N J 115
Pullman Co . 185
Q ulckitlvM 5',
By StM ipe 40
By Con Ooppaf MM
Iteadlflij TJM
Beinbael'&B. Wb
ltuc Island . . t,
Bosk Islaad p ,
budlfcpl 37U
;W Bo S H 170
rn Boa & Co pi 12CH
Hhjft-sfof H Si I 584
itaHttyft 3 6 I pi Uct"j
isjtjtk Porte R Sug J3S
ttwttara Patn nwf
oourtna By MH
feaattorta H) Df 60l
ta&tted UMm$ vt 87
i-te.. rtr C 1 li'4
20
73
112
4.0U
SO'i
22U
05'i
82M
115
201
.13S
. 71115
40
. 28Ji
02
. JSH
&i
32
. 5T.H
111!
.172Jf 17.1
. 73,' i 741i
. 47 47M
. 04 tW
12Hi 12J
t)2Ji
22JX
?4)3
U
.1.jW
OS1 1
13JJ,
VMM
10ii
7.1
HI
40f
SO
22) J
00
bOU
02
225
54
1.1
.Wi
JSW
13J3S
20
73
111
WH
SO
22Ji
1)04
,
i
1114 1134 IW'j
2014 100 100
1304 1394 H94
78
404
204
t)0
384
53 M
.U
5-14
J W
47i
234
78
48' 3
2S,
04
374
534
314
514
115
171
7.14
474
034
1214
10331 1034 1034
1105, 1104 1104
184 184
1751
74
104
40
454
20714 209
1094 110
174 104 17
784 704 774
274 27 274
7731 70)5 77
77 704 704
1214 1214 1214
50 50 50
105 1044 103
1214 1-'14 1214 1244
71j 72 704 71
534 534 514
153 15S 154
110H 1074 1083f
11X1 1UU 100
1234 1234
37 JCM
54 54
18
714
1 14
40
454
78
lb'
29
1,(1
.IS
534
314
514
115
171
734
474
034
1214
17
il
184
174
74
"4
10
454
54
154
110
99
123
304
54'
54 54
1284 120
204 2d
714
llf
154
1474
074
100
204
1174
71
I233S
304
54
54
129
20
704
113
1.54
140
o, ,
54
120
20
71i 704
113 113
154 154
.40 140
7 073X
UH4 1054 1011
27 27 27
117 117 117
704 70 70
IUK U3J( U3i Uit(
104 104 154 15),
504 50 5GK
I0l3( 104 104
12 42 U
.( 334 311
58
110
16.1
a
4)4
244
78
314
n
3iM
IbO
PI f 7 i
ill! lilt
1044 165
a
4J
24
773.
MM
4
4
3S4
170
5
4U
314
774
534
H
4
384
170
U0.4 128i 1204
01 5&K GO
97 97 07
154 155 155
1004 00i 1004
214 214 J14
ml m rj
8? S7
11 WON 162
1134 irih
u
UlBtclnsp Itlell lx. CliMC
Tcias Co 200 2094 2li7 i 2084
Texas Parlflc 7 74 74 74
Third Uenue . OO'j 004 00 00
Tuln City It T 0 OVi 954 054
Und'r Typenr .. 80 SO 81 80
United Clsar stores 04 (14 04 04
United C Icar Sis pf 114 114 114 114
United Cunr Mfrs 014 01 01 (11
Union Hag ,1 P pf ,10 3') 30 30
Union Pacific 131 1114 1334 13 4
Union Pacific pf M't 834 MM 81'f
U S Ind Alcohol . 150 1504 151 156
V S Ind Alcohol pf 107 1004 1004 1004
U S C I P . I' . 19 194 194 104
United Fruit Co . 110 1114 1304' 111
United Hss Inv Co 1735 17?i 174 174
U h Kuliber . 52)5 51 524 524
U S Steel Corp . 814 814 8.14 814
U b Steel Corp pf .117 1104 11041104
Utah Securities . . 194 20 104 20
Utah Copper . 704 7935 703, 794
Va-Caro Chem .. 184 18 174' 4S
Va-Caro Chcm pf .110 109 109 109
Va Iron Coal S. C. . . 5 57' 5 51 50
Wabash . 154' 154 l.'ijf 154'
Walash pf A . 114 114 144 114
alish pf II 284 284 2b4 2S4
Wist II S. M 074 084 07 074
West i: X. M 1st pf . 704 78 78 7S
Western Union Tel . KS4 884 8S KS),
Wllljs Ou-rland 230 2294 2214 2214
Wuomorth F W 121 1244 1234 12 1
Woolorth F W pf 1214 1214 1214 1214
11(10 .N Y CIU 4s 1ir,s reu liti
i,nn, i l jtiy ss I', !
Kinn N Y Cltl t'.s llliU
.1000 N Y N If i II i.h in
.KKS) N Ont & U 1st Is M'
iusa) .v y im n-r is
ll.'foo N Y Hwv mlj fis
looo N Y r a, II I'is
21010 .Vorr ft West l
looo Nor I"nc prior U . .
1S.VSKI Nor 1'se Ken fls
Irwin Ore Short I. ret Is
riKi Ore ft Cnl r,s
I(Hl Pnclnc Tel fis
looo I'rnn.i Is HUH
I0(1 do Ken it Pjh .
1JIKH) Prnn i rn lls
loco I'onnn 4".s (li.'l mi MOI'I,
l,nn, ItlHtlinK pen IS
looo Iteliuh Cilbn .,s 101."
Ioiki Hp, ir a. s "
10OSH) Itmk Islnml M Is.
MKIO ht I, I M ,C So r.s
LOOll St Louis Sun 1st Is.
IMU") Hcatiuird A I. rM Is
Mhhi South Hell r,s ....
.1i,hh South I'm cv Is . .
:i)oo ,io cv rot r ti r,s .
a7()(X) South I"nc rfd Is..
100(1 Muiitli lluy Ken 4s
Hkhi ilo ion r.s . .
2 Win) Texns (Jo l. ...
KIOil Tlllnl Ale nill ."s
L1SK) I' Itllbliir I.H
4"l"l U H Steel "m s t
KIKO I nlon I'm 1st 4s
IVKKl Va llj ",s
III HO Unliiisll lkt ".H
1(10(1 Unli-P T 1st et Is .
21(100 do 2il ll
ll Uist l.lrit ii "s
20110 H?st .Mil 1st Is .
21X10 West Shore Is
.'1000 Wiscon Cent Ken Is
1$
Mil,
II II J
ll.1i
(Jls
II.T4
liu3
in!
Kill
IITK.
If,
Ml
in
Ida's
, 711
7t
10OJ,
.slJi
iiuii
7.'j
ui."J
Kl-'i
XI
1(11
mi',
ns
IISK,
Uil'i
A'l
no
i'iTiT
IH'S
KlaS
KHli,
II ii,
lllijs
10-,'i,
!i-i
Ii",
111
UH4
)na
7! I
71
10(11
10-.S,
w
7a',
liu'i
lir.i,
S.III,
in iv,
iiuii,
lis
is',
liili',
I',
in4
72'A
nn.
h7'lj
Kia-v;
1INIJ,
"ii
1II2H
W,
Kill,
ir.-
II-,
111
(S4
lnj
71
71
11 lll'
VI
Kill,
ll)i
7J' .
II UK.
lll"4
si
inn.
inl't.
us
IISK
KIM
21 '4
l a.
T."r,
l
S7',
KAILROAD EARNINGS
AND TJJXAS
CINCINNATI. NI!V OUI.HANS
I'AC'iriC.
Dee. vtosh ....
Net
0 tnjs. groBS . . . .
N
Al.XIIA.M.V
Dec ktosj
Net ...
0 mos, Kross .
Net
I'll"!
$'ISll Did
211 (IUI
r,.iM,iiii
i.ai.15 a'si
Inc
$.'Ja,70S
1.11 711
4.11, 7al
ij.i:ivj
(1IUXT SOfTHIIIlN
. . . . f-i4 :mi Ji2)ni7
10.' I'll b-' II",
2.71(i,iu ai,l J7
7!u loo an.517
DIVIDENDS DECLARED
iUnclnu Light Company, regular quirtcrly 1
Iicr cent on preferred nmJ -' ijer cent on com
mon, payublu Kebru iry l?l to stock of record
I'cbnmry 10
rsorth i-ennsyhanla Hall road regular quar
terly - per tent, pajulilu February !!. to
atotrilioldnrB of record ribruary U
Dome MIihh Comnani, regular nmrterb, n
per ctnt . tiabk Marth , tu etock of record
1 rbruary 1"
Quaker Oita Companj, regular quarterly
l!Vt ntr rent, on minmon stock payable April
J" to Motk of record April 1 Ainu regular
quarterly m per tent on preferred, payable
May JI to stock of record Ma 1,
GOVERNMENT BONDS
2s ot UtlO reKlstercil .
2s of 1U.a coupon .
r.in una 2s rtKlsttrtd
I'anuna 2s UKIS riKlstered
1'an ima new .Is rvRlstereil
1'anuma new .is coupon .
is or inis rrhlstered
Is or luis ciuion
4h or Hi-", registered
4s ot lid coupon . . . .
Hid ABkal.
.. llD'i ..
. . II I
,. IIS
.IIS
..1014
101ft ..
..10IK
, liml
1104
FOREIGN EXCHANGE
NUW YflltK. Fob if The fcituro nt
tho forclBii I'Xcli.uiKo 'mnikct w.ih the
strciiRtli in Vlonu.1 excli uiko. Crown
rlicclts. whlrli cold pitoril.iy lit 12fi3, ad
vanced to 13 2i SnlsH oNttuiiiKP wns
IilKher, with checks (iintcd at Ii 20'i .ind
rallies .it fi lOU SterlliiK cxdimiRc con
tinued firm, with demand 4 " anil
cables I "fiVj. Krencli cliechB who ciuotcd
at TfU and c.iblis at TiM I.irf iheilts
on Kome, fi'fi, cables, fi 734. .SloiKholni
clicilts, 27 7',; cables, 27 SO HikliHinarlts
wore steidv ; checks, 7 1 13-1 B; cables,
74 15-Ki Pesetas wcie stcadj lit ID 11
cb.inBo on Amnterd.im wiih .hU.uI.v. with
checks at 41 Ti-IG nnd cables at 4.' Itubles
wcro llrm, with cliccltH nt 2'J 7.ri and cables
2D SO.
In the afternoon Vienna cvUmiiro
woiked still hli'liei, heliifr quoteil at 11 i"
nnd 13 30. ItcIehHnniks jumped to "o1t
7.'ij Storllns was firmer at 4 7.1 lS-lfifi 1 7li
and cables at 4 7CS, 1'ier.cli oNcbaiiRP wiih
iinclinnfftd at E isU for cables and C Ss'J
for checks.
BANK CLEARINGS
Hank clearlnKs today compared n Ith corre
sponding day lasi luu ears
1015 1911 inn
riiiia,ielpiii.i.$io inn iioo fjMiu.isa i:i,tmiosi
lloston . . . 23M..V,"l 2H07I.4M) .'S.4 10,11111
.Sev Vork, Sui.MI.20il 2.i7.:il.,,."sii 3io.isu.Ihi
lliltlmore . H,.,ill,HTI 7. Ill, 71ft 0.4Jir.7lil
BAR SILVER
In Xindon bar silver uaB quoted at 27d..
1-liid
In New York tho price was 5(lKc.. orr tc.
olt
Can Extend Rock Island Notes
CHICAGO, Feb 8 Federal Judge Cap
penter linn granted tho petition of Re
ceiver Dickinson, of the Chicago, Hock
iBland and I'aclflc Italluay Company, for
permission to extend $7,500,000 6 per cent
collateral notes, due February 16, to
August 10, at the same rate of interest.
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadelphia
Braden Copper
Company
15-Year Sinking Fund
6s, 1931
Yield About 6
MIDVALE ,
CAMBRIA
Send for our circular letter
on these stocks, containing
the very latest information.
Hughes & Dier
II .NKKllS UHOKKHS
IBS Walaiit Street, I'UiUdtlpiiU,
.
MINING STOCK QUOTATIONS
TONOI'AII .STOCKS.
HI. I. Asked
Jim nullcr Ill OH
MaeNamara O- .01
Mldttas 11 in
Mlziwh V.xl is 2o
Montana , 27 to
.Nor HUr 11 l-
T,m llel 4 4'A
Ton Rxt 4 m
Ton Mln IIT. 7
Ilesellc Hull 07 IKl
Wst I'nd .. 7"i 70
(joi.nnm.i) stocks
Atlantl 20 22
llluo Hull 0J .III
llonth 4J .11
IlulldOf,' 02 1)1
(' o 11 in .0",
Conili P.-ic lis 01
Diunr. ii.li ai .oi
nils) oi .nr.
Plon nee 47 .Hi
llnl.ir Cons "I "
Coliir Mere. IS 1
JumlKl lint 12n 1 J"
Kennnai In .20
Oro i isi
S in.l Ken 0 (H,
bltier l'lck 01 .r,
,MlbCI.I.I,ANi:OU8
Kalrv Azlee ..... 01 .01
Klmbcrlv oj 4
Nei 1 1 til A' h
Se. Wonder l.d", 170
5TH INDUSTRY OF THE
WORLD
Motion Pictures
Commercial Publicity
Revolutionized
by tho
PATHESCOPE PROJECTOR
built by
PATHE FRERES
A few of our customers:
Pennsylvania Railroad,
Du Pont Powder Company.
Barber Asphalt Company.
Waterman Pen Company.
Remlnoton Typewriter Co,
Herihey Chocolate Company,
Beechnut Packing Company.
A block of 7 cumulative preferred
stock, with common stock bonus, of
fered, subject to prior sale.
Write for Illustrated book and price
Burns, Doddridge
& White Co.
New Stock Exchange Bldg., Phlla.
We Recommend and Offer
Securities of
Lehigh Valley Transit Co,
and
Philadelphia & Western
Railway Co.
Trices and detailed information
on request.
Edward B Smith &Co
BAJNKCRS
EIiluuiD 1992
Mins.ts tfU) York a4t PktlaiibM
tftovfc JStehaneu
BlOlD 1X0 CUUIHCI BTS., PB1UI4.
30 I'lxt Bisect, Kkvt Yoik
mllECTOItY OF -ICCOUMTAKTa
CUaca Public AccsuaUaU
LAWlttNCK E. BIIOWN It on
Tt iiiir.a.
CIlICAOO, Teb 8 -There nni n do
cldpdly bettor tone to tho wheat market
todit,'. The (lemorallzatlbn,"tlint prcvnlled
vestcf-dny wnn replaced by pronounced
RtrcnRth, due to active buying, prompted
by leports of n bctlcr demand for cxporl,
Willi salei citlmntcd nt l.OOO.OCO bushels
Koine selling caused tho market to
waver for a time, but It wan nbiorbcd.
There ttns n Rood deal of covering by
shorts. Mn sold nn hlRli ns $1.31, after
touching; 127"4, nnd closed nt JI 30',,
npnliiflt ti 27' nt tho end yesterday, and
July advanced to Jl.2,1'4, after selling nt
II '', nnd finished nt $1 22K, compared
with JI 26 jcsteiday's last price
The action of tho mnrltct at Liverpool,
which dlsplajed firmness, was a surprise,
llencrnl cnIN for mnrRins wcro qent out
last night A better demand for tho cash
nrtlclo una ono of the stimulating fnc
tors. Arrivals nt Interior points wcro
light. Clearances of wheat nnd flour from
the seaboard were about l.OOO.OX) bushelt.
leadline rulures rnnited as follows
Test il s
wppn iiirii
I J-H4 1 .11
l.JI 1 2.P4
ile Hern
7I1W 77J4 7"i1, 77U
7(!i 77 711 774
Sales in Philadelphia
IIlKh. Inw.
i
CIosi
S00 Allls Clmlm .. Wi Ji 12;
..HI . n. ri. n X. -i.U IJI II'IL It,
t, Haiti 1.000 prei lon1 i""'-,, i';.'
, .VI Hurt & RUS t C. 41 . 41 ,,
n(ivo (Mm Steel . . SOU 70W W
Id Corn I'rmi
in True Steel M
.loirt Kleo sior, .... na'i
1i (Ion Asphalt ..II
lid i1 iM. ... 1
Y Ins Co N Am, ;il
Key Tel Co t c nM (n
2101) likc Hup Corp 10'f,
lis) Ih Nav . 77.
101 l.eli Veil .... 77W
.11". Ih Vol Tr . ln'i
Ml do pfd .. . .40
0 Mlnrhlll . . . r-IU
400 Miami Conner :i,I4
Ml rn Railroad. . TOW
1.1 I'll H-iit "K .lis;
17", l'enna Steel
(.so do tircf
70 M1II11 Vn . . .
S4ii l'hlln. nee . .
2 1 o I' It T tr ctfs.
0 Heading . .. .
1(H) Ton llelmont
2", Ton Mining
Inn I'nlon Trac . .
SI f (Ins Imp
1GS0 f H Steel.
,-, Wnrw Ir St .
ill
K(l
42
27V,
10
1
42H
IIOU
siH
U)i
2.1
si
1.1
2-.!?
i.i
10
ft
r,n'l
a?
r.ris,
no
1 ii
84
42
2JH
IS'
7714 7
2.1
S.4
ii
72
21!
(!
40
mu
:17U
.!
100
(il
R-
27W
111
4
ft',,
42
Rll
l-k,
Net
ChRC.
i
' Ii
'2
- !'
"m
2
-
00. H
I0
Wheat
Ma) ,
July .
Corn (new
Mity ...
July
tints
May
Jul . ..
Ijird
May ... .
July
Klbs
Mll .
.lulv .
I'nrk
Mns .
.Illll
llld
I.OU.
1.S7H
l.-'OTt
Close
l.llli,
LIU'S
1 loe
I.B7J,
1.20';
I"'I
7ll'i
I7i
10 o-,
10 2",
10 07
11.17
lU
111',
47J4
44(4
40
74(1',
111.
JI7
4"i
20.10
2- .I.-,
tAfketl
10 ir,
10 : 0
11. to
II 2-,
10 10
20 (17
10 02 MO 1", tlOOl
10 12 IOHO 10 22
10 117
11 15
til. 10 ill mi
111 2-. til I",
20 10 20 17
-() 20 t20 1)3
20 U
20 17
Local Bid and Asked
Tod ly's
Illil. keil.
Ililduln . n-,l(.
Hurt tt ttus to 411
il" pnr ,'H4
Hrlll Id 1-,
1 11 m Hire I . , so
Clielrli Mtoriirn i .
Ucnernl Asiih tit 12
K h in, 1 1 1
do t e
do prer .
I.nko Sup Corp.
Lchljjh Vullcy .
1 . ,....., 'I
. do liter ....
renna
it 1 I'd, .
l'hllii Hi
do -, icr cuit
dn (I ner lent
I'lilli It r
o 1 (
Ileidlnq
lollop ill Itrlninnt
'lonnpih Mlnlnir
U (! I
1' .-i btiel . . .
lurk H
do pn r . ...
i.r.'i
Pfd
1 1.
'it
7(,'i
111,,
10
, 12
. Ill
I II,
, ISJ,
' 7
.ft
.V'
HO
41
(.llUj
sill,
III
11U
II'.,
ll'i
I'l
low
una
II
uM
s'n,
l'i
Vesterda s
llld .Uked.
lis
4J
1.7.4
ri'
To',
1.1
.It
II
14
IS
.OS
i;'i
iVii
7:
Is,
.'
Ihl
si'
Tolal sales, ll.tlO shares, compared nrllh
109,111 shares jesterdarl Urns far this
week, 1l2.r,n sliarrs) snme period last
iieelt, 11,018 shares.
noNDS.
Itlch L
2KN) lllee A Pen Tr 4s Hlij
KIIHl Uc Irl 1st fis US
1000 l.rh Val Ken Is 11214
khi ,ln (Val ' Inn
1000 I, V Tr rcr Ss. in
Ik 00 I'ii Co (Jen 4'sn In I
lliifi) do ions 4'js 10(1
10MK) I Co Cons ,1s ni4
noon Itenl eii 4s ir5s
2(iio I n lltvj Inv r,s 72
100 elsliacli Co Ks 1)7
lnrnase. Decrease
Total snles. S10,400, compared ullh rt7.000
jenlenlii) I thus Tnr Ibis week, ?1I(I,G00:
same period Inst urrk, $108,400.
Ket
m. Close. ChsnKe
14 81 W
us H
IU'4 H2W
mil Kki
0.1 0.11
I n.1 1ai. '4
WW, wvt,
111 '4 111 '-4 J4
72, 12 Jt,
117 07 2
HATES VOll MONEY
Call
New nrk lv4i"2
I'hlladelphlt 4
lloston 3. ,
Cnmmerilnl paper, thrto to six months, l'lill
ndelphla, .I'Afl I per cent.
Time.
2'4',j 4
.1 ri4
4 iTili'
4 ',!';
Ml
17
&"
MY,
W:
I I
';
, .
II -I,
1'n,
fil.l.
II
r
III
7s
J1'
NEW YORK COFFEE MARKET
.Ni:V VOItK, I'oli i-Tho mrfeo 11111
ket mis Ilss .iLtlio at tho opening to
din and Hist pilt.es Mcio iinchangod to J
points lower
Tod is Yesleril i a
ois nniK c lose
7. Vifi 7 Ml 7.Miii7 "S
7 10 7IOT17I12
(ion"l,"i
7 7(1 7 (Till" 70
. , ,sr7 so 7 7S1,7 si,
1 S-,ff 7 IS) 7 IlOfi 7 II.'
Mircli
Mi
lune . . .
lull . ,
s.epti mbi r .
Met 1 mber , .
S'les .00(1 Ii.iks
The Detroit Edison
Ten Year 6 Convertible
Debenture Bonds
can be converted into capital
stock at par between January
IS, 1917, and January 15, 1923.
This stock is listed on the N. Y.
Stock Exchange and sells at
about 140. Bond holders will
receive about March 1st of
this year rights to subscribe
for stock at par.
Price nnd full particulars on
request for Circular No. 328
WilIiamP.Bonbright&Co.,Inc.
MORRIS WISTAR STROUD, Jr.
Mannner
437 Chestnut St., Philadelphia
Neu nrh lEuiton , Detroit
IxiiiiIiin Carls
William I' Honhrlclit A Co ISonbrleht & Co
Philadelphia, February 8th, 1D1G.
THE BUSINESS OF
The National Bank of the
. . Northern Liberties
HAS BEEN TRANSFERRED TO
The Bank of North A
merica
AS OF THIS DATE
The friends and depositors of The National Bank of
the Northern Liberties are invited to call at The Bank of
North America, where they will find the old officers of The
National Bank of the Northern Liberties, xand have an
opportunity of meeting all the officers of the two
institutions.
SAML. D. JORDAN,
Cashier.
jsrJMlJs
The First
National Bank
f Philadelphia
315 Chestnut St,
Wm. A. Law,
President,
Kenton VVarne,
Vice-President.
OFFICERS
Thos. W. Andrew,
Cashier.
Chas. H. James,
Assistant Cashier.
Freas B, Snyder.
Assistant Cashier.
Harry J, Haas,
Assistant Cashier,
F. W. Aver
Chas. S. Child
Joseph S. Clark
Cyrus H. K. Curtis
Franklin D'Olier
DIRECTORS
J. Tatnall Lea, Chairman of Board
William P. Gest Joseph B. McCall
Ge?ne A. Heyl Fred'k McOwen
Wz-, ; . """"" wyivester a, marvin
E. C. Irvin
William A. Law
Randal Morrfan
J. W, Van Dyke
Resources, - - - - $35,000,000
' Investment Securities
Graham & Co We wiu be glad to send- up -
WnftnHI'l CA UO, nnKt. our T?RKr.. .i..i.. i,
n-.., . . ?.. j, vukuior oi hit
vestment offerings, which includes
many bonds that are
BANKERS
435 Chestnut Street
Tax Free in Pennsylvania
Annual Meeting of
Fidelity Trust Compan
The annual meeting oi luaeuty irust Company was heM
today at Ha office, No. 325331 Chestnut Street and 43-53 Sou
Fourth Street. ln
The following directors were elected:
GEORGE PHILLER,
HENRY W. BIDDLE,
WILLIAM P. GEST,
EDWARD WALTER CLARK,
JOHN S. JENKS, JR. v
CHARLEMAGNE TOWER,
EDWARD T. STOTESBURY,
MORRIS R. BOCKiUS,
G. COLESBURY PURVES,
SAMUEL T. BODINE,
JONATHAN C. NEFF
William P. Gest, President, presented the annual repoti
which showed net earnings for the fiscal year ending Januar
31, 1916, of $l,730,29f.49
These earnings were appropriated as follows:
There was added to the Rudulph Ellis Gratuity
Fund of Fidelity Trust Company, constituted by a
gift of $100,000 made by the late President of the
Company, Mr. Rudulph Ellis $25,000.
making the principal of said fund
$125,000. t .. ,
There was charged to Profit and
Loss in reduction of the value of the
office building of the Company, Nos.
321-323 Chestnut Street, 325-331 Chest
nut Street, 43-53 South Fourth Street
and 26-38 South Orianna Street 191,451.43
There were paid four quarterly divi
dends of 6 each, 24 on $4,000,000.. 960,000. l.UjijSUl
And the balance ii5553M0i6fi
was added to the undivided profits of the Company which stood"
at the close of business January 31, 1916, at ....$1,843,648.49
The progress of the Company during the last ten years is
shown by the following comparison:
On January 31, 1906, the capital stock was $2,000,000, the
surplus $7,000,000 and the undivided profits $564,675.63. On
January 31, 1916, these figures were as follows: Capital stock
$4,000,000, an increase of $2,000,000; surplus $11,000,000, an
increase of $4,000,000; undivided profits, $1,843,648.49, an increase
of $1,278,972.86; showing a net increase in the surplus and undi.
vided profits of $5,278,972.86. This increase has been attained
after paying out in dividends the sum of $6,880,000. and distrib
uting gratuities to employes aggregating $176,137.79. The sur
plus has been accumulated exclusively out of earnings.
During the same period of ten years the trust department
shows a large increase in the amount of trust estates. On Jan
uary 31, 1906, the total amount of real and personal property
in the charge oi tne -ompany was iuh,J76,664.98
On January 31, 1916 204,112,404.56 '3
Showing an increase for ten years of $95,735,739.;
Fidelity Trust Company increased its capital stock in loin
from $2,000,000 to $4,000,000, and now has the largest capital,
US WCI1 US Uic laigvai, i.uiaiisiiii.u v-uuai ciuu ouiJtUS OI 3117
nnanciai lnstiiuiiun in x-iiuauciimia
February 8, 1916.
CONDENSED STATEMENT
FROM FIFTIETH ANNUAL REPORT OF
Fidelity Trust Company
t tiiij ci.om: op husim:ss, j.imiaiiv hi. mm
RESOURCES
C'iinIi In llnml and ln
Until
Unmix, stni'kN, :('.. .
IlonilH nnil MnrlKiiKCN
l.oniiH mi C'ull'itcrul
Henl INInlr
Arerurd Intercut .....
.Ain.nin.iiui.in
:o. iiL'.on.-.io
n.iHii.Min.nn
i.'UTO.'i'irts
i,asn,i)7if.no
s:ni,(ni.si
ji-i.ssiM(U.7n
LIABILITIES
DrpONltK
I'ii pi till
W I JMKSJKttas
. . .r i.nfutAMMi
...!.. i f . ....,:. -tv.vww ,
.nil i jiiiin 411,1 UJIIl 1U"H
KurnliiKH 12,IJ,eiUl
(Vrlllli-d ClirrkN fKjj-.
Vccriu-d TnxrM .. .. SS.1I I uj
iciicriu incomr Tux .. iajn(
."lKD,4S3.:i
Amnunt of I'iihiIh Held In Trunt...
.?2n4,ns,i(ij;o
Your Income Tax
The Income Tax Law requires each person
subject to the tax to file a report of income
not later than March 1st.
We arc equipped to assist individuals in
the preparation of their income tax returns,
and invite the free use of our department
opened expressly to handle such matt.crs.
Inquiries by Mail Will
Receive Prompt Attention. '
Philadelphia Trust Company
Main Office
415 Chestnut Street
Droad Street Office
1415 Chestnut Street
We own and offer, tubject to prior tale
$75,000 4
ALLEGHENY VALLEY RAILWAY 1
GENERAL (NOW FIRSTJ MORTGAGE 4 BONDS j
Interest March & September, due March, 1013. ;
PRICE, 97Jfc and interest, to net over 4.15
Free of Penntylvania State Tax
CHAS. C. HARRISON, JR., & CO. ;
BANKERS I
FIFTH AND CHESTNUT STS. PHILADELPH'i
Member riiMadelphlu nnd New York Stock Kichanirj
4
I h
"City of Philadelphia!
r if
3s, 3Ms, 4s"
THIS announcement would not occasion much!
interest from the average newspaper reader, fll
ici aij aavertisement ot this type proaucw
results ror Ledger advertisers,
Wn5
J i
TnniisrsnrJo nt Ul. 1 1 1 olrnrkj
... ,..., ut uauiwers, oroKers miu ."-
dealers buy the Ledger for its comprehensive finanj
cial news. That's the reason the Ledger is populad
among financial men. J
And that is why financial advertising in &
P..U1:. I .i i . .. . .
. u. i-cugcr pays Dig dividends.
r
CI
p
1
i
o
P'
oi
?.
b
la
t
M
Tt
ir
in
b
lo
V
JT
Pi
'
t
tt
u
pi
t
1
dri
la
Ilo
Trt
W
PP
ail
I
lie
t
lio
.&
:
i
Hie
w
1(1
thi
til
iff
Hi
pi
ore
la
th lor
dot
ire
tUr
ire
it
:
m
ov
'
u.
'fo
m
t
t
Mi
a;
lot
he
Ira
t
n
f"l,HN.!SlllwIW;!;
WWWHUWIWIIH
WWOKUW' '