16
EVENING LEDGER-PniLABIQLPHIA, THURSDAY, FEBRUARY 10, 1916-
FINANCIAL NEWS
MARKET WAS ONE OF BIG INTERESTS;
STANDARD ISSUES TAKEN IN BLOCKS
Buying Orders of 10,000 Shares Were Numerous Ru
, mors of Coming Increased Dividends Helped the
Coppers Stocks Were Scarce Late in Day
nited States Steel Corporation reported unfitted oracrs as pj
ry 31 of 7,922,707 torn, an increase of 110,517 tons. A larger tti
had been expected. Net profits of Lackawanna Steel Company for
nthe, $2,409,108, against a deficit of $1,652,445 last ycart increase
High Points in Today's Financial News
United States Steel Corporation reported unfilled orders as of
Januart,
crease
44,001,552. Atlantic Refining tumped $60 on A'ciw York Curb, influenced
bu good annual report. Another advance in railroad spikes. Melon by
United Gas Improvement Company not expected this year, A'ciu 1 o7;
Central December gross and net earnings, as well as 12 months, showed
big gains. Surplus for year $16,060,876 larger. Austrian kronen at
high viark for present movement in foreign exchange market. Copper
shares again features on Stock Exchange.
NEW VOIUC. Feb. 10.
It was n mnrkot of big intcrcata nn! lemlhiK stocks ntul nf trailers' com
binations In specialties nil tlironpli tho ilny. One Blimp of Binnll room trmleri
mailo tho sharp advances In Mnckny common nml American Coal Products,
tho nnmo of the latter company having been changed to tho Harrctt Mnnu
facturlng Company on January 2G.
Buying of tho standard Issues was mostly In largo blocks. II. Content
& Co. sold 10,000 shares of American Smelting, but replnccd It with ir.,000
Bharea of Utfth Copper. There were numerous 10.000-share buying outers In
other stocks, nnd one firm Guthrie .t Co. took 1S.O0O abates of I'nltnl
States Steel common. Largo buying orders were executed in mnnv other
issues, Including Inspiration Copper, Amctlcan Heet Sugar, Lackawimnn Steel
and Studebnker, and the general Impression was that much of the tuoek sold
In tho period of uncertainty from the beginning of tho now jcar to the end of
last week was being rcbought by strong Interests.
Lackawanna Steel has called the $6,000,000 f. per cent, notes maturing In
1917 for redemption on March 1 at 101, and these notes were quoted at 101 bid.
Tho Chesapeake and Ohio notes, which were sold two years ago around 00
and which werehardly marketable for a time, sold today at tho high-record
prices of 100,
Rumors of coming Increased dividends on tho copper stocks, of an inltlnl
dividend on American Zinc at tho rate of 10 per cent, and of the formation
of n now syndicate In United" States Steel common played a part In helping
along tho brisk advances.
There wero recessions at times on profit-taking sales late In the day, but
tho supply from thl3 sourco was early absorbed, and comment was made
on the general scarcity of stocks In both the standard Issues and specialties.
$5,000,000 Bonds Sold by Chicago and Northwestern
Kuhn, Loob & Co, have purchased from the Chicago and Northwestern
Railway Company $5,000,000 of Its general mortgage G per cent, gold bonds,
due 1987.
Enormous Inquiries for Copper
Enormous inquiries nro In tho copper markot for June, July and August
deliveries. One Important Interest Is quoting 2"'i cents for the earlier month
and 27 cents for July nnd August. There Is a considerable demand for April
and May copper, with only a small amount available. Ono pi Ice of 2S cents
was given for April, with May held at about 2"ai cents.
NEW YORK STOCK SALES
Last cltwe. ltlch.
Alaska OoM Mines.... 23 234
Allls-Chalmcrs Mfe.... 3S 32
Allls-Chalmcrs MfS pf. SHj 82)4
Am Ac Chemical . 704 71
Am Beet Susar 0')l 71
Am Can OSU M
Am Can pf Ill 111
Am Car & Foundry. .. 7.1 744
Am Coal rrolucts....I05, 1734
Am Cotton OH 51 .w "
AmHIde&Ijpf K .ril4 014
Am Ico Securities 2S4 204 2S'i
Am TJnsee-J 214 21H 214
Am Linseed pf 424 -134 424
Am Locomotlvo HSJ tiWS u5
m Locomotive pf. ...102't
Am Malt 04
Low. Close.
Pi 23'
31W 314
81.' 824
71 71
704 704
024 124
1104 1104
734 73i
1054 1734 100M 1714
r.M
fil4
294
244
424
08
1024 1024 1024
0 84 0
Am Smelt & Ret 10J4 1034 102JI 103
Am Smelt & Kef pf. .1144 1144 111 1H
74
034 03 03 1)3
H0M tti'i .rw4 f4
1134 1134 1124 1124
1274 127J-4 1274 1274
2044 204 2034 2034
S04 504 5(1
074 07 07 07
704 71.4 704 704
h04 004 804 004
Associated Oil f.f4 07 07 07
Atch Ton s s F 1034 1014 1034 1034
A T 4 S F p( 1014 1014 1014 1014
Bald Loco Worls 1154 ,154 1114 1144
Balllmorij & Ohio 884 S8Ji 88 KS",
704
.171
24
.470
.. M54
.. 85
..121
844
.. 31
.. 32
. 014'
..1724 170
. 544 544
1094 1094'
. 03 03
. 234 244
.. 554 574
13 13H
Am Smelt uf A. .
Am Steel Foundries..
Am Sugar Hef
Am Tel ft Tel
Am Tobacco
Am Woolen tr rets .
Am Woolen pf t r. , :
Am Zinc L & Sm...,
Anaconda Cop M
OaltlmoiB & Ohio pf
Bank of Commerce.
Batopllai Milling .
Bethlehem Steel
Brooklyn Kan Tr
Burns Bros
Bush Terminal . . .
Butte & Superior ..
Futterick Co
Cal Petroleum.. ..
Cal Petroleum pf. .
Canadian 1'acKtc..
Central Leather. . .
Central Leather pf.
Chesapeake & Ohio.
Chile Copper.
, Chlno Copper.
umcaco ui vesi
77
171
Chi Gt West pf 354
Chi Mil & St P
Chi Mil & St P pf
Chi It I &Pac..,..
Cluett Pea Sc Co pf
Col Fuel & Iron . . .
Consolidated Gas.
Continental Can, . .
Com Products Ref-
004
r74
171 171 171
24 24 24
470 407 470
87 804 804
854 844 814
1204 1204 1204
80 81 814
30 30 30
324 314 J24
0-14 05
173 1754
54 544
1094 1014
02 (S24
234 214
50 504'
134 134
354 354
00 004
05
354
904
1204 1294 1204 1294
104 204 10J4 104
204 20 20 20
. 83.4 844 81 844
1054 1014 1014 1044
111 110 110 110
484 404' 48 48
137 130 135K 130
. 804 RJH 80 81
. 224 234 224 224
Com Products Ref pf . 00 07 064 97
Crucible Bteel, .. 82 834 81 b24
Crucible Steel pf. 1114 115 1144 115
Cuban-Aui Sugar, 107 1004 108 1094
Cuban-Am Susar pf .1174115 115 115
Denver A Rio Or pi
Detroit United Kys.
Diamond Match . .
Distill beo Corpn.. . 48U 40 484 Mi
Dome Mine.. . 2S4 294 20 294
Dul S S All Pf ... 104 104 104 104
Elec Storage Hat. CO Oft 054 00
Erie 384 384 34 384
Erie 1st pf 51 514 5-14 544
Fed Mln A Sm pf. . 504 664 554 554
Gen Electric 1724 1724 1724 1724
General Motors . , . .450) 470 470 470
General Motors pf,.., 113 1134 1134 1134
Goodrich BF ,734 744 73M 734
Grteue-Cananea ,..,,, 484 404
Uranbv Consul 07 99
Great Northern pf.... 1224 1224
G( Nor cfi for ore pr, 474 474
Glisten tlplll ... . 224
Int Agricultural. . , 221 j
lot Agricultural pf ... U14
Intllanr N J HI
Int Cou Cor v t c in, 184
Iut Consul Corp Pf .-. 74
Int Paw Co 114
Int Paper Co pf Ill
Inup Con Cop , 46M
Int Nickel r t cfs. ...209
Int M M cfs of dp , 17
Inl-M M pi c of dp. . 774
2U4
131
704
14
35
40
07
24
234
IH4
iv4ii City Southern
Kings Co E L ft P
Luck Steel Co.
Lake Erie ft Wrst
Lake Erin & W pf
Ice Rubber ft Tire
LehwjB VUey
LooaMYUea Biscuit
Louts ft Nash
MacUy Cos
Mackay Cos pf
Manhat Elev gtd
HavtL Muurc
Max Muiats 2d pf
JImIkui PixrUeiiin
Mel Petroleum pf
Mioa ft b( LouU
ilj Kdu il Texas
Mo Victlia tr cfi
Mi-uiu tapper
Nat ctonk ft Suit
Nat huwt ft a Co.
-Nat Essst ft S pf
Nat Lsail .
S Cou Ccppei
Ne Mitt Dtxi
Y Ait BkUb
. M -S H 4 II
!"Vl'IIH
7T
ju;i
494
t8Ji
122
4(14' 474
214 214
2J sm
024 044
1104 1104' 1104
IS 174 18
74 734
X1M 1UJS
474 404
474 404
211 210
17 104'
774" 704
27 27
130
704
14
37
58j
77
20
130
814
II
37
584
771
.TJ
34
104
404
211
164
77
27
130
SO
14
37
584
774
211
1244 123H 1254 1254
44 01 854 8S4
074 074 674 67M
130Mt 1304 1304 1304
714 24 ,1 71
5J4 44 434 534
10i 1004 1(04 100)i
100 1004 1004 1004
.til an Mi
54
64
64
3741
76
274
06
71
in
114
6
54
37i
70
294
97
714
I0
ie
0
5H
374
76
2SH
oa,
71
16
13
O
54
VH
76
284
07
714
104
10
UiU 4 115i 1474
lifi HhH t4' 684
1004 ICW 1064 U6W
27 Ji 2AS.4 U
I.nstcloo. IIIkIi. Ixin.
N Y C i St L 2d pf 604' 014 614
Norfolk ft Western. . 117 1174 1174
Nor Pacific ... .jit 11 Hi 111
Ont Silver Mln 84 9 84
Pacific Mall 154 17 H4
Pennsjhanla R R . .. 504 574 504
Peoples Gas Chi 102 10-14' 1014
Philadelphia Co 424 134' 124
Pitts Coil Co N J . . 334 "-i'l "13s
Pitts Coal Co N J pf 10S 10S4 1084
Pitts C C ft St L . . . . 70 79 70
Pressed S Car 594 .VHf 504
Pullman Co 1014 10-1
(lulckslher 44
Hy Htecl Sp 41
Ity Con Copper
Itcadlng
Republic I ft S ... .
Republic I ft S pf . .
Rock- Island pf . .
Itumely M cfs dp . . .
Seaboard A I, pf
"'ears Roe ft Co
Shattuck Arizona Cop.
sloss-bheff h ft I ...
bouth Porto It Sue
Southern Pacific .
southern Hy
i-outhem R? pf . .
Standard MUUnc .
Mudcbaker Co
Tenn Copper
'I ens Co
Tcias Pacific
Thlnl Avenue
25t
rs-,
I
101
II
124
374
180
314
01
101
Tol St I. ft V pf cf dp 1 1
Union Has ft P
I'nlon Has ft p pf
United Cigar Stores.
United Cigar Sts pf
United Cigar Mfrs .,
Union Pacific
Union Pacific pf
424
2." 4 2"
70 78
544 51
1104 1104 110
4 4' '
114 12)4
3S f 3S4
1794 182
344 314'
004 01
15- 11)2
.100'J 100,4
. 214 21j;
. 00 (VI
. 90 01
1.134 1514 1534
04 614 IT)
2084 207
74 7
d04
8
S
30) j
04
114
004
Clone.
014
1174
1144
S4
154
574
101
13
3.14
10S4
70
594
101
14
424
254'
79
.M
110
4
124
174
ISi
354
1
1C2
10055 1004
1.4 214
20S
04
004
00
91
C04
S
. 30
0
. 11'
01
.1354 1354
834 831
30
04
114
0 )' 4
1314
834
111)
01
1514
0 ,4
207
74
00)4
.8
74'
30
04
114
004
1.15
834
Uhlnd Alcohol 1534 1504 1524 1504
U S C I P ft K
U S C I P ft F pf
United Fruit Co
U S Realty ft Imp .
United Rys Inv pf.
U S Rubber
U S Rubber 1st pf. .
U s bteel Corp.
204
. 484
.112
. 39 39
. 33 32
. 524 534
.107 107
8. 854
0 20 20
10) i 40)5 494
Us4 1424 1184
U S Steel Corp pf 1104 117
Utah Securities 20
Utah Copper S14
Va-Caro Chem IK
Va-Caro Chem pf . ..110
Wabash 15
Wabash pf A 454
Wabash pf 1) . . . 284
Wells Fargo Exp 130
West K ft M I 8)i
Western Union Tel ... 804
Willys Overland 223
Willys Qerpf ret f n.100
Woolorth V W ...1214 121
Quoted ex dividend.
19
8.14'
184
110
15
114
29
125
08 J
89)4
2234
105
39
32
5t
107
814
1104
104
814'
18)
110
15
114
284
125
U84
81)
2254'
105
122
19
32
53! i
107
85
1104
194
83
4S4
110
15
444
284
125
0MJ
894
2254
105
122
NEW YORK I1UTTER AND EGGS
NRW YORK. lVb. ip.-IlUTTi:il.-Mnrket
firm. Kecolpu, WIS patkaxu llwrn cream
ery 33MI3lu, lilulur HinrlHB 31' i:i."i . siiiiiu
dairy, 3Jc . Imitation Lriainer. 2JtrJ34.
KliUS -Market un.eltltil Hccelit, 10 .Itlt
packages, Uxtru nrula, Sl(1tv ttrt, i3li
)1U,; whites, a'i7IU . bnmnx. aTIiSse . mlieil
uilor. 24riUc.. telrltcralur hesi. IDiiyic.
LIVE STOCK QUOTATIONS
ciiicvao, ivb to iiCMjs-itn.ciiiu. 4,roo
Market ateady. Mixed and Uutiliera, 7.l0
840. KOO.I ha, IS IMis 0. lough hem.
J0I .llBht. J7Mlt(.M. pls. SU.S3B7U3.
tulklss.ios to
C'ATTLK Hocelj.n. ij)u) Market weak.
neee. S.I.U.'KiJ.T.'i. tcme mid helrr. J-I.Wit
8 40. Texan. (il.TSfjH.V), luliea. tu.aifill
atlEUf-Ittcelpte not'i0.T Market weak Na.
tlo and Western, ll.M8S.ts, lambe, SstiU.w.
RAILROAD EARNINGS
NEW YOIIK CENTItAI. UXE&
. 1115 (ncrea.
December gross . . . . S'.'O.OTI.lliO Kl.l-."' T
Net after taxed It ruio.TS.' :t.T4 "in
Twelo montlie' grona .30s.m,-i.87 savasTWi
Net after tuxea W.HtU.3in 5J,l7i.lHiT
- Money in London
LONDON, Feb, 10. Money, 44 to i per
cent. Discount rate, short bills, 54 per
cent. Three months' bills, 54 per cent.
I New York Bond Sales
$1000 Adam nxircM
I
High.
Sits
... l1
in .loi
la 11 Pi
,,rJi
. ..IiiiiH
id
. .. HHi
a
.lot".
.TiWiCO Aneln Fr
ltit-n ,mcr lime I,
icio Amcr smelt Sm
tisii-) mer Tel clt J.
:.()0 do et ii . ..
I 'M Ann Arbor la ..
I to Armour Co 44.
H0O Aielilon sen 4 .
."M Ia) iln et 411 11H.0
.VtHtl Altrtn Ca f.lnn 1t X !l tii
tt 00 Halt f, Ohio .1'i.. . n lU
a 1(K tl do l (2'i
ll,no do ev 4i its
211)0 II O-P l.t: St WV 4 "1114
"tin llrnok )Inp Tr flu l!lls.0((,
IKU llrook fn IJIei Int i.lOt
'.'till llU8h Term Illclir .1 mil.
TO 0 I'ent Loither Im :.s
tun fettt ( hlo 4'4 ..
ITIOt Cent I'ne li 4
AMI) V hill Copper Ts . ,.
Jim) Chen ,V Ohio ev I'tji
Him Che & Ohio 4,f. .
TUH) Chi 01 West cen Id.
2C I i Chi II fc ) Joint 4
O'ti i hi 11 it (ten I .
It) 0 Chl II A. w leu J .
Ii I'll fill II & (j 111 4 ...
17m cm Jill ft Ht ! Keti J lil'i
iwii hi M .1 M r Ken ii.lMI4
.two I unit). ilitid Tel ." mU
. :.ih) liel .V. II .nn .", r ti.loT
iniM Dei a.- iiud in linn .no;
lltim) Din ieetir Corp Ss ..
lmil KMp gen l
ll)i iltlo tonv In er A
II I) l.rle loin 4 rer II..
2SWHI lluil A. Man in r,s
LIV) lltnl Ac Mnn rfd Tm
im1 tiiilhinit Steel ." .
!!i(ji town CentrHl J ..
mono Ins copper e n
vkii Inter .Mer Mnr -ian
Um K C ft S A. M !
UNO Mi kit Steel ."in lli.V)
L'HlM l.k Sli deh la ltni
:.(, I) tirlllnrd -.t , . ...
tiim I.oiiIh A: Nni.li 4a
Imuxi Minn & Kt l. 4 . .
L'tflO Mo Knn A. T let In .
Hint) Mo Knn Ar T 2.1 Is .
.It (i Mil I'le rt Is
K m .Mo t'.ie ev fli . .
TOO) Mont I'ower .". .
.1141 Nat Ilnnm A Htp .V
.-4to Nut 'I IlliP ..
tt'0 N Y Cniul Imp 4i.js.
IDO) N Y C A. II 4s . .
41.00 " V C tt 11 l
1 Mil 0 N Y cent lis
IX)W. ClOJC.
DlS IMH
HKK) .V Y Cltv 4a 1II17
1(00 X V Cits Mka o M
21KXI X Y X 11 .. II lis .
1120 0 X Y Itwy ref Is ....
22MHI0 y lttv nilj .la . .
7(1 X Y Tel Hon lit,
.VXW X Y V C A, II IV .
211100 Xnl I'jte prior la .
"i4io Xor I'ne nen 3s .
I (int) ore Short I. ref Is
W'Ki Cm Coit 1st ."n .
."IMKii I'hiIIIp Tel .-.s
icmn I'enn.i gen r t iss
I limMI Pinnii in 4ijB ...
UK II Pnlille .Ner X .1 rln
l(n Kenilltii; gin Is ..
'tvHiti H.uk Island lf.1 Is
I.O.UI Hot I. I'lnnd "'9 .
i mill South Hell ,-.s
.vio S.mlli I'ne !....
Z.rnn SoiKli Cue ev l .
Illillll S I'.ip e ret f p Sh
I.IUIil Hntlth I 'up rfd Is ..
J(0 South ltn gen 4s
.-.iioii South Itwy ion r.s ..
'.(ri Texas Co I's
Mim Thin! Ap now 4s...
It (l Tol 1'pii A V Is
lt'tll.O C H Hllbl.er lis .
4."ltl I' S Steel .".s a I
Jiiim Ciilon I'ne 1st Is .
iron rn itws s p r.s .
Mid!) Vll Itwy as
wni) unUiah 1st r.s .
limn West dee .Is...
10(111 West Cnlon Is
ls)i
tiri
M7',
. lit
1HJ4
"7
.III
111
I'l
III
'".I
li
nt); j
Tljt
. .I.'i
71.
Sllj3
. Ml',
7IJ
r.s
.ISS'j
ten,
Tlilj
III.
.11111
ir,;,
. 7sii
. 17'J
. 4 l'i
!i7
H7'.
IIM's
.114',
. IU.
. III'.
...Ili'
mi
ti'JS
lllil'i
ill
H1H
in
WIS
m,
tii'i
02',
H7's
MHi
till
mi;!,
M
I(U
7,
III
I'.'Ji
l,M
in
in
ttu
.iS'-
iljs
.111.
71.
,"H
lid',
li'Hj
Ill's
Ill's
llll
till
ltiH
112
twri
in
in',
in
10IH
1114
UP.
H'i't
II7
N'l'i
10P
llll ss
ms
tirj
17'
lit
11 Pi
17'
III
II-
111'
lit
in),
in),
in
lilt's
I in,
In7
Kjtllj
71'
"IP.
Mil)
.IPs
.7,'
r.s
IM'j
ii'p,
7(l'j
III.
Itlltl
nvfe in).
71 J 7Si
in
i t'i
. llls
vi L
. IIP
1 .7
. 'H'i
llPtj
llll
.IIU
IIKII.
t.ni,,
. Ila'j
. Ill's
. 17
.till
17'.
vil.
Kill
. mi'i
.tt'lJ'J
.lin',
X1
.Kill.
lin
. 117',
IP,
tin;
niPj
. ri;
. in.',
!'!s
i i't
i i'l
117
,117',
llll
in J,
iut.
in,
it.-.',
tm
KIT'i
77' i
li,
ll'l's
llll.
Ill
U.lj
IIP,
lM'.j
llll
111'.",
Kill
lull,
inij
..p
inn'.
17',
vii,
Kill
n,
ll'lJN
'I!':!'
-- s
..I
11)11,
nip,
7 .
II'O
llll,
1111'ii
117
till',
fl!
liii
117
117'i,
llll
111',
ll.'s
III'
II.-.'.
tl'l
111714
II.-.
7Si.
!!'!'
Klllj
IIP
117
III' j
11)1
111.",
nml.
him 1
n-.'i
1,1
17
101
pin;
I'"',
nn.
S.'tw
III II,
mi';
117',
ip
im?.
111P5
117
mil.
FOREIGN EXCHANGE
NEW YOIIK. Teb. 10 Tho fo.itiuo of
tlir forelKii cxchnnRo mnikct in Hie Hi at
hour of business totlny was a now lilsh
In Austrl.'in kronen. This clnns of cc
chniiKt' roso to 15.23 nml 15.J0. There wnn
continued conlinvpisy over releh'Jinarks,
nltlcli uoro held liy some prominent In
ternational bankers nt mound ""!. TIip
open market quotation was 77 a-IH and
77 7-17. Sterling ns a shade easier at
1 Ta'sfN.". r.-lfi for demand and 1.7(1 "-1G
for cables: French exchaiiKo was not np
pteelably chanscd nt 5.W. for cables and
r,.Sji', for checks.
Later there was a reaction In German
ccelmiiKe. Itelchsmarks tteie ipioted nt
77 "to the bu or," which Is equivalent to
7tln4 or thereabouts. Vienna, fiom an
earlier quotation of 15.S ifi 15 CO. icnctcd
to 1U. Tho low on relchsmarks today
shows a decline of UJ from tho nskhiB
IlKiiro on Wednesday The other marKct
wns not nppreciablv eh.iiiKed, with de
inrinil stcrlliiK I.73'i,TM.i3 lj-lfi, and cables
I.Tfi7-lC!Ti4.7("i' French cNchaiiBe was
called o.SS',i. for cables and a8D'J for
checkR.
In the late nfteinoon, thcte wns n
further icactlon In lelchsmniks to "I'.Uf
"6, with unconfirmed reports of quota
tions as low as 7i). Tho last mentioned
figure would show an extreme decline of
2 points from the highest of tho Milli
on this movement. Fieneli eeliniiKe was
llrmer with cables nt 5.SS14 nml chc-cki
5 Ml. Sterling was steatly at 173 15-11! fnr
demand and I.7G 7-lGftJ 7i'.. for checks.
Lonst steillng wns quoted nt l.ii',; for
Gu-d.iy hills nnd 4 70 for 00-day bills.
.MONEY IN NEW YOKK
NI1W YOttlC. Feb. 10 Cotillions of
nauownehs continue In tho mercantile
paper market, nnd mtcs ate unchanged at
,."! per cent, minimum for the best quality,
limning up to secn months- maturities
Other grades run up to 3K per cent The
offering of choice paper Is still limited
Tho tlino money marrtet Is quiet at un
changed quotations.
RATES FOK MONEY
New orlt 11, ni!
Philadelphia s at
Iloston :ni.f,,4
Commercliil paper, three to six months,
adelphln. ::'-JH per lent.
Th. e
::!
3 tfl
(i ii .
l'hll-
BANK CLEARINGS
nanj.,clearliiKi, today compared with eorre-
spondltnf day last two jears
milt 11)1. -. toil
Philadelphia $.111.721, '.'10 $2I.4.10).12 lloll.liv
Huston .... JU.(il)J,l2ii 24.3I0..1V) Holiday
DIVIDENDS DECLARED
Pratt tc hltne Co ,
tr eent. on preferred.
to Btnelt of retord Kebruury
regular ouarturlv ti.
per eent. on preferred, payable February 1.1
11
Pittsburgh Steel Cnmnjm i-ncila, n.tnp.a.i..
1", per cent, on niefcrred. paablo March 1
to Block of reiortl February 17
Atlantic Defining Company, usual quarterly
" per share. paab!e Mann 15 to BtoLk of
retord February in.
Xntional JIlBcult Company, quarterly 1, per
eent on preferred, ptynble February 21) to
stock of record February 111.
Cnlon Puclfle. regular quarterly 2 per cent,
on common and regular semiannual 2 per cent
on preferred, pajablu April t to stockholders
of reiord March t
American Window (Mass l-'ompanj. regular
quarterly ill. iht cent, nn preferred paiable
Mirth t to stock nf record Fcbruari 21
Southern Pacirlc. regular quarterly Its per
cent., payable. April 1 to stock of record Feb
runn 211
IHlavtare and Jlrounbrook Railroad, quarterly
2 .per cent., payable, February 21 to stock
holders of record February 11.
OIL SECURITIES
OCCUPY CURB
Sharp Advances in Standard
Subsidiaries Atlantid Re
fining Up 60 Points
NHW YOHtC, Feb 10 Interest In the
mni-ket for mitsldc securities today wns
shifted to n consldernhlo extent ft 0111 tho
so-cnllod war slocks to the oil Issues An
Irregular price movement characterized
tho trading, although In tho latter Issues
slinrp advances wete the rule on Inci eased
nctllty. The continued advanced In the
price of oil nnd gnsollno wero gcnornllv
glven Jot- the upwaitl move, although
further melons In the number of Htnndnid
Oil subsldlnilos were mentioned.
Atlantic Itcllning, on small purchases,
moved up to KO points: Ohio Oil, which
had "been making sensntlonnl ilses for
some ilnys, rose 12 points, while shnrp
Willis wero shown In I'rnlrlo Oil nnd Gns,
I'rnlrlo I'lpo Lino. Stnndnrd Oil of In
tllnnn, N'en .lerspv and New York; Cos
den Oil moved up to n now high record
while Knpiilpi, Houston OH nnd Whnlcn
Oil all ntlvniiced.
Copper stocks wcic strong, In smpa
thv with tho metal; Kennccolt moved up
ncnily n point: Ccrro do Pnsco nntl First
N'ntlonnI n small frnctlon each Honds
wore moderately nctlc nnd steady
Late In tho nfternoon thcro wns con
siderable realizing In oil Btocks which
brought nhotit n reactionary tendency.
The profits of tho Snpulpa neflnlng
Company for tho month of Jntntnry weie
.i1,7S2, of which $14,000 camo from the
sale of Ihe tiunsury stock nbove par On
tho basis of tho .lonunry cnrnlngs tho
company Is earning In excess of 15 per
cent on Its common capitalization after
the p.iMiicnt of 10 per cent on the pre
feried stock Tho company now pas a
monthly dividend of 1 per cent, on the
common, and It In probable tho rate will
lie raised l's per cent. In the very near
future.
Although the Ueo Motor Car Companv,
Inc., docs not publish nn Income state
ment. It 1s ollklnlli stated that Ihe net
pioflts for the lenr ended October 31
Inst amounted to nppioxlmnloly J3,.'00,
00 cqtinl to nearly CO per cent, on tho
present outstanding cnpltnl stock of
$0,000,001. The authorized capitalisation
or tho company Is $10,000,000 nntl the $l,(K.
C00 when Issued Is held ns n reserve for
futllio stock dividends.
IXin-HTItlAl.S,
HI.1. Ask.
Am Hrltlnh Mfg 21 I2
aii tiulr & w 1 s s 2titj .no
iln lir.l 41 W
Am Miinoiil P, I
Ajix Itubbor I ne w 1 70 ,i;'j
Canadlin Cur A: IMy 72 ill
do pfd vs tr.
Chevrolet Molnrrnr i:to 1.12
Chandler Motors HI J J .'
Cuban Cane Hiurnr M M
Curtlis Aeiniilano .V.1 r."
DrlRKs-Seabtiry 142 1411
DrlixM-Senhury rta 12 12'i
llnikdl At llarker Cnr r.iP, r.l
llendee Mfc 27 L")
Inter Mer Murine , IIP, 17't.
Inter Mer Marine pfd
int .iikci ;.:
Kelly Sprlnelleld 1:1
Kathndloll llrnnre pfd 2.'
Maiihatlin 'transit I7
MiiNlm Munition 7,
.MldlHle .Sleet (CI
(Ml i:ieiator I ..I
Peel Icsh Motor 2iP,
Poole Km: .V. M.li'll 10",
St liwcph l.eid 1"H
S K Kreegp u 1 1."'
M indard Motnra Ul-i
Stibuiarlne Itoat v t v ctfs 3S
TrlaliKle I'llni v t ctfs T,
Cnlted Prollt Sharing 1'j
f S Light .v. Ile.it -T5
do pref 4
White Motora w 1 Ill
World Pllni 2
STVXnUtD OIL SUnsIDIARIDS.
Indiana P L IM
;n
M",
1.1
120
ir.
in
in
.111
tru
PS.
4
r.21'
1S7
Ohio Oil 2" 2'.7
s o or c.illfc.rnln 17.1 .i7n
S 0 of Xew- Jersey Kio s.1.1
H ti or .New tori; .11 ..i
Orill'.It OIL STOCKS.
l-nidcn Oil 21'; 22
Chalnierrt Oil ." 7
llciiutnn Oil 21 2t'i
Mldwrst Itefltllng ."(1 W
Slpulptl Oil i:.'i 10
MIXIXO STOCKS. '
Vtlantti 20 21
Ccrro dp PiiHcn IP! 41i',
initio C .- . v t ctfa . yij. st.!
I III UP IV . I 1 .l
I-'lrst Xntional Copper , 71; 7
Colltlcld Merger 17 In
Hoc la .Mining :n, :i
lloe Sound 1.1. 1.',
Ilm llutlcr '.U tin
Itimbo Kxtenslnn 113.10 Pi
Kemieeott ('o)iper M3g r.
MeKlnlev-Dirr.iKb HI lii
Mines c.t America .'I nt,
Mpslug Mines Co 7
San Tnv IK 20
West I ml ("on st 87
West Nnd I-xtn 1 3
IIOXDS
i:rii- Him 1.; s,
II . 11 r,s . . ,.102 int,
( erro de Itisco Us , K'Oi., ii
Midville r.s w 1 !isv-, p.i.
St Paul Id 115 W O.'.'i
Suggestions
How to Invest
for both large and small
investors will be given
those who write for our
Circular No. L-143.
A. 6. Leach & Co.
Investment Securities
115 South Fourth Street
Philadelphia
Now York Chicago Buffalo
Uoston London, Km;. Baltimore
rf4ggg
;,r,i. s..
BUY OR SELL
Du Pont Powder
Aetna Explosive Rights
L. T. LAYTON & CO.
Member t'blludclphia htoilc Knebanife
Heal Ktate 'lrint lllilE l'lillu.. Pa.
Cleveland, Painesville
& Eastern R. R.
1st Cons. 5's. C ue Oct. 1, 1918
Price to yield 6.50
MELLOR & PETRY
Member N. V, A l'lillu. Stuck Kicbanjes
?S8 C'OMMKlttl.VL Tltltj-r Iltll.DlMJ
D1HEOTOBV OF ACCOtTNTANTS
CiUId PublUs AccounUaU
IJLVVltli-WlJli K. WIUVVN at CO,
.818 TtfcAL, jjpfTAYE TltUtrf WUlCOtNO
auajij & bj-KAKMAN
Union National Bank
Third and Arch Streets
"The Neighborhood Bank"
.. OFFICERS
W, H. Carpenter, Chairman of the Board
J. S. McCulloch, President
T. H, Conderman, Vice President '
Louis N, Spielberger, Vice President & Cashier
Samuel Campbell, Assistant Cashier '
Our experience enables us to
offer a service unsurpassed
February 9th, 1916.
ItfcSOUItfKS
Loan t lBVMtmnU.iT,tS0,&&3.se
Dus tram Bank 1)12,431 31
UncbatigM Clearlnir
Uouw 305.62439
Canti Retrv 1.W1.012.T1
$10,539,657.07
T.IAH1I.ITIE8
Capital ... .-. f 500,000 00
Surplun and Net
Pronta 448,460.42
Circulation 640.3U.5U
UfPMll
8.011.840.19
$10,539,657.07
LOUIS N. SPIELBERQER, Cashier
Sales in Philadelphia
Ii Alliance. Ins
11 Am Uai
1tm Anumnrtii
SI Muff S t e pf
27 .t O llrlll
ini fruc Steel .
N Cam Iron
SWI Cam SJ1
2n (,'oi n Prod ..
1MI (jhlno Cop
llll ntec Slorane.
4(n t:rlc
1.1 Hen Ath tiref
IIKI II irrlicnn tiro..
l.T it T un t e inn in
l.KW I.tike Sim Corp in'-d
I'll I.ehlBli Nov TTti
It) Lehigh Vol . TT'S
21(1 l.eh Vnl Tr .. 2njfi
2S-, do pfd I2(.j
HO I.lt Ilrothem .. Hi'4
mi .Met i-et ,....ni7'i
M pr in
ilti
ltlch, xw.
"S
1'Vjli
put.
114
H2'
44
vn
at'.
72
111
ltl-U.
122
ltiH
unit
tr,
S2U
41
W)
in
rat
in .v vriii. S.i
ft rn Rnlt Mrs
2sj 1'enna Hlec.l.
I IMilla Co .. .
hi I'hlln t:iee . .
Han Phil It T tr ctn
Kri Itnv eom
inn Hep I & S .
1VI ItendlnK . .
I J", Ton ltel ... .
Inn Ton Mln
03 l'n True . ..
.tun Cttih Cop .. .
10.1 IT a 1
Klin 1 a ffleel ...
viMi went i;iee
JIW r Ir
II V .1 .en
VW York Itwy .
.5
4t
27i
20M,
m
78J4
. . 4li
!. 131.
. . K'l
. . . Hill,
... s:
... mu
st. n
.. Wl
... II
211
12
111'
1(17(4
III
iM
',
41
27
IIiJk
$$
ik
MIU.
s,2i
111)
8".
Clou.
inn
1S2M
po
.It
72
in
rai
77t?
,7
Bil
42
"'!?
1()74
111
S7IS
InoW
M
41
ttfci
SO
:w
"Si
I3l(j
WMft
lifW
10 1
Wlli
II
Net
chge
''
w
20
!
t s
t-'i.
" 'c
- N
"ji
J- '(i
'"'4
To I n I nlen, 1.1, R0 1 nlinrm, roniinrrcl irltli
.1.1,17(1 Khnren jfnlenln.1 1 llliu fnr till nerk,
321,01,1 flinrmi inline perlotl lnl nee It,
70,81(1 lntre,
110Nt)S.
Net
Illuh Low. Close, elm n Re
SlOOn Am O A R 5i . HI 025, raj, ,
4IKI Cltv 4 IIKII rg. 102)4 10JU 102 4
hki do inn reit... 10215 102(5 lie 4
r.o do inn re ..ituJl lojti in2? n
anco r le Peo Tr 4 S2S tllf iHI
.-lonti nqult lit o M. 11111(4 10'4 1iH4
Kit (in Kev Tel Int ,-,. PSIJ lisjj lisij 4- J,
Ii'.'ihi l.nke Sup Ino r.i 21 j-., 2714 '1
1(100 Mi Vnl Imp 4n HI", ti?' H7'4
liwiti Mi N cona 4i4s.1(ini KllS 1015 .
IIHIHI I .oh V cen 4.. ai III III 4- '.
.H'lm 1.11 v sen 4j4.intu nun iimj
2I1I1II I'll co iten 44B.lti2;n 1IK" !, I)
1.1. ...II III. CJIIIIS I
-nil Pa & M St
4VH.tn.lU liviu torij,
i4n.ioiiH ioiiu imiij
t 1U.101 mi mi
pjjj
lni
J-.OIY1 I rn Pnn. R... II?U tll:
TIHTII ,ln !, .to InllC 1 , 1 1 A-
ion 1'hlH niee. 4s.. .l4 M5 Mi
Ititio do ,-,s 1ft". 10- 1ti.-
20011 Ttciidlnu (ten Is li'.ti ml, ir.14
intmn Hend Jr Cent 4 m'i to 11V,
4.".((i Stnnd Onn t'rt .100 noli Kki
KtKio Un liny Inv .-, 72 72 72
10PO WeWineh Co r.n 117 07 n7
7li() York It Int r.n If. l)"i in
I)eerea8e, Increnpe.
Local Bid and Asked
tltc1wln
Huff A Sm T I..
do pr
llrlll JO,
Cum Steel
Klee Stornite
Oen Arj
do rref
Kesntone Tel
do t,e
do iM ..
Inke Sun Corp ..
Lehldli Nv ' "
Lehigh Vol .-
Uditrn Vnl Tr
do M ..,
I'ennnjlyinla,
PMIn Rlectrlc
IIS!!; r.i'npeVVntVir
Phllii Co 11 per cent pr
Phlln it T
pnun it
Uftnillna
Ton I lei
Ton Mln
t'n True
tt S Sleel
Y-ork II nv
do pref
Co tt per cciu I-, . j-.:.,
it T t c Ijjh
ne,
Del .!r
Today ,
Bid. Ankctl
11.V4 11
40 41
3 .Wl
,-n .in
yoy, von
nil no 4
:M :ti'l
11 14U
1014
7t
77J,
204
4
4V1
4I
"II
7H
44
RU".
Kl4
Yeslerdny
Jllll. ASKeci
4i
31
31
.vn'i
ir.
71 A
(S
31
.!,!r
7tl'4
r,ii'4
27'a
12
.".11
41
ins,
I'JS
n h
4i
."'
4.1
Ml'.
8IT4
ai?
11
ill
iOlJ
1. 11
iiu
u(t
c.'i
10
n't
211
424
3S
41
T4Sii
""-3.i
Litcrpnol Cotton
l.IVRItPOOl., rob. 10-Ppot cotton was
In moderate demand today, nt a decline
of K points, on the ba'ls of 8 o.n.1 for mltl
unlantl. The Balea aBgroBatcil .000 bales,
Iticlndlnrr COM lialeH American. The Im.
porta ttcre IXOOO bales, InelutllnK 12,000
bnlcs Amerlcnn. The market for futures
closed atently, at a net ntlvalico of lffo
points.
ATLANTIC l.EFINING'3 YKId
WAS UNUSUAtLYWiosPERojl
Compnny Shows Surplus of UmiS
Against Deficit in 1914 I
Tho Atlantic Ttcnnlnrr Companr,,!.
an unusually prosperous year . 5
to Its report, for the period endM
comber 31. The surplus w. .....
compared with a loss of m,m in .,
Tho teport slates thnt nfi. .. . ,l.
break of the war tho companv h.,3
experience embarrassment In h. .!!;il
ess by reason of the tir.ZS
of Its business
frMdtlij1
" "Mails
!afiirf
)rne ,m'.;'i
.- ncBOtlatcd conlr...t
vessels, tho nrst of which will be In
mission before tho end of th , "n
scarcity of vessels, especially tank l
ships. As these difficulties lner....;?2:
tho passaso of time the directors dtewJ
that It wns necessary to have snm.1:
n.t n.llt.. . ,.... ""Ull
year. Payment for these Is proTltMJ
I... llin l-nnnrvn f.,,l IIUM l
los compnrntlvo lnconlo accoilnt f
Vr. end. Dee. 31. llll", inn I i
njsja
iiniu i'llni c mxi.i. i 'i in inn
nMdends .. 1,000 tain s-.i'inn
nurpnin . .. niu.ij , - yji irt., .i'QI.
Prev surplus 20, 7.W.S In 21 tilniip ,ffl.Sti
P. I., surplus 23,.17,Ult 20 7.vi-io '!-2i1
'Theto mis prollt rrom nperntloii i of l$fii
lint ft los rrnm deprec ntlon of ' int.r!!lV.
Sl.ni.Mlo, mnklnK net lias W)i 8J ntwl,,U
4ierrensc. ' v A
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadelphia
Braden Copper
Company
15-Year Sinking Fund
6s. 1931
Yield About 6
$50,000
Cleveland & Pittsburgh
412 Bonds
Series A & B due 1942
Guaranteed Principal and
Interest
by Endorsement by the
Pennsylvania Co.
Price 105,
Interest yield about 4.1'5.
Wm.C. Wilson & Co.
34 Pine Street, New York
inVALE.
CAMBRIA
Send for our circular letter
on these stocks, containing
the very latest information.
HUGHES & DIER
n.NKi:itH & 1S1IOUKIIH
1435 Walnut Street, Philadelphia, Pa.
The National
Bank Act
1,402 j
0
was" passed by Congress and signed ty
President Lincoln, February 25, 1863.
At that time the Government was sorely
in need of funds to carry on the war, and
this hill required hanks to take out circu
lation based ona deposit of Government
honds, thus providing a market for the
bonds and funds for the Government, at
the same time giving us a safe currency.
Tbc First National Bank of Philadelphia
was the first hank chartered under this
Act. Though proud of its historical re
cord this bank takes greater pride in that
it is equipped and conducted for the hiriK-
1a
ass service to its customers.
The First
National Bank-
of Philadelphia
315 Chestnut St.
i
ilk
A Constructive Bank
Aggressive Concerns
with character and
capacity are cordi
ally invited to in
spect the facilities
of the
Corn Exchange
National Bank
Philadelphia
Chestnut at Second Street ,
Graham 3c Co.
BANKERS
435 Chestnut Streot
Chesapeake & Ohio Railway Go.
Equipment Trust 4V2s Series "0"
New Issue. Maturities of from 1918
to 1926, yielding 4.10 to 4.30,
according to maturity.
Prices and Description Upon Requctt
l-IIKB I'KOM NOHMAI. FEIIEHAr. INCOME TAX TAX KEIUNUAIILE IN rKSNSVI.VAMA
$4,000,000
Denver Gas & Electric Light Company
First and Refunding Mortgage 5 Sinking Fund Gold Bonds
Dated May 1, 19 II Denomination $1,000 Due May 1, 1951
Interest Payable May 1 and November 1
Total Outstanding $4,832,000
Bankers Trust Company, New York, Trustee
The Denver Gas & Electric Light Company furnishes, with -:;tUion, electricity and ,
gas, and steam for heating purposes,1 in the City of Denver, Colo '
Net Earnings for the year 1915, applicable to the payment oft ot on present authorized
issue, are $1,276,354.96, or over five times the annual interest requirements.
COMPARATIVE, EARNINGS STATEMENT
Years Ending December 31st. 1915 1914
Gros's Earnings $3,273,189.10 $3,140,965,40
Operating Expenses and Taxes 1.615,244.56 1,717.746,74
Net Earnings ......... "T657;94T54 "T423.2lf.f6 ,
Less Interest on Underlying Bonds. , , , , , ,,,.,.., 38 j 589 58 337 626.32
Balance for Interest on First and Refunding Bonds , , . , $7"i276,354.96 $17085,592734
i u Je3C bndA rCN et'nB !Tld lr 'H purPfS of retiring $3,500,000 Denver Gas & Electric
Light Company 6 Notes, due April 1st, 191 7, which will be taken in exchange for this issue
at the call price of 101 and interest to date. Additional Information on Request,
Price 92 and interestto yield SVZ
We recommend these bonds for investment i i
KLEMM & KEEN I
uAnrUitta
1326 W?lnut Street Philadelphia, Pa. ,