"HWE"-"' sPRWn PwJ fSWPll EVENING LEDGK1W PHILADELPHIA, MONDAY, FEBRTTABY 14, 1916 16 3,iiM''.ill''WWW FINANCIAL NEWS SHOW OF STRENGTH IN COPPERS J ; , FAILED TO HELP REST OF MARKET foreign-owned Securities Again Brought Into Promi ..; nence as an Influence by the Arrival of the Adriatic ' With Nearly $30,000,000 . NKYV YOllK, Feb, 14. Tho show of Btrcngth In tho copper Btocks durlnrf the first hour failed 'to Influenco tho market tone In other Issuer, nnd, nlthoiiRh thoso Blocks mnln ' talned a good part of "their enrly sains, tho Into tmdlnR tone wns wenk and ' Unsettled. .- Tho foreign-owned securities brought In by tho Adriatic over tho holiday, .Amounting closo to $30,000,000, again brought tho foreign supply Into promi nence ns a market Influence, and tho manner In which International stocks ttcted created a belief that holdings of these securities In bankers' hands wero hanging over tho market, whether any largo portion of them had been qold or not. Tho general Impression Is that houses llko Hatlgarten & Co. and Ilerz " feld & Stern aro disposing of foreign-owned securities as they arrive, but ,, .thftt tho stocks nnd bonds consigned to J. P. Morgan & Co., tho National City Bank and tho Guaranty Trust Company nre held Intact. Tho action of sterling exchange did not Indicate that any largo amount of thoso securities had so far been forced on tho market. Demand , ,Btorllng continued to rnngo closo to $4.75, as It had dono for a month past, , nnd dealers said that, whllo tho Influx of foreign securities might bo expected to influenco tho dealings in sterling exchange, the three Institutions nnd bankers named had plenty of exchange from the constant creation of com mercial bills, nnd did not need to como Into tho market ns buyers to balance securities received. Tho legislative Investigation of tho Intorborough Ilapld Transit nnd tho aubway contracts had a bad effect on securities of both Inter-Met nnd Urook V,lyn Rapid Transit. There was a dribbling out of tho last-named stock. Marine stocks continued weak, nnd they have been slnco tho friction between ,tho preferred nnd common stockholders' committees was forced Into public " attention. Thero was a meeting of theso Interests nt tho Central Trust Com- n.pnny today, and tho manner In which tho preferred nnd common stocks nctcd was. ovldcnco that tho result of tho conferenco must have been far from "satisfactory. Tho stock sold nt Its lowest point nftcr this meeting ndjourned. More Gold nnd Securities From Abroad Tho steamer Adriatic has nrrlvcd in Now York with American securities of an estimated value of $29,COO,000, as well ns nlno boxes of gold consigned to J. P. Morgnn & Co. and two boxes consigned to tho American Express Company. NEW YORK STOCK SALES ,! Alaska J Gold Mines Alaska Gold Mines... Allls-Chalmcrs Mfg .. Allls-Chalmra Mfe pf Am As Chemical Am licet Sugar Am Can Am Can rf Am Car X Kdy Am car & Ftly pf. ... Am Coal Products ... Am Cotton Oil Am Illdo & leather.. Am llldo I. pf .... Am tco Securities . . . Am Unseed Am Mnsecd pf Am I.ocomotlvo Am JiOcomotlvo pf... Am Malt Am Pmclt X lief..... Am Smelt X Hcf pf . . Am Smelt Pf A Am Stool Foundries tt closo. Hlsh. 24 31H 82H 71 71 03 ,110J 110! 110 73V4 72W 71 0! 22H aw 82 71H 71H 02J( Lowt Close. 9 M 22Ji 30 aw 71 0(1) Ul!i 23H SOW b1i 71 G9! (11!. no 71 117H 117K 117U 1171 170 mi 10H M 31 23 42 0754 102K 0J .170 . 65M . 1054 . 61 . SOU . 21 . 43 . 07! ( .103 . 1) .103 .lit . 03 . r,7i4 Am Sucar Kef U3 113K 113H 113tj Am Kuar Iter pf 117JJ 117!, 117U 117-. Am Tel A Tel 1273J 127H 127 127U Am Tel ft Cabla 03 OS 07 07 Am Tobacco 20414 10S4 105K 1055J Am Tob pf new 103 108J4 lOOh 1004 Am Woolen tr rets.... 4D!i fiO 40 40U 07 07Jt 071 07' 7S 77U 7014 7! Wi 02't 0034 00)4 08 0014 00! 4 103)4 10J m 107 mi 1014 40)4 30 23)4 4114 00! i 1024 1025f 0 0J4 103K 101U 10114 112)4 112)4 112)4 03 11.1 03 074 fi7'4 17)4 107 65)4 10)4 40)4 30 23'4 42 00' Am Woolen pf t r. . Am Zinc I, A Sm-. Anaconda Cop M.. Associated Oil 07 lAicn ioms r iu.i j 470 140 8054 85' S 110)4 110 New York Bond Sales sfiSIm Aritr-.a rirnrMII 4ft 1O0O Albany & Hus HHs... Ktt 1000 Atiwr Cot Oil B...... S00O Alleeh-ny Vnl A W 4s I 2Vi S0USOO Anirlo-Kr ! Bs. j;J SOW Amer Tel cu 22000 do cvt 4tt .... BOO Armour Co 4Ms . . 7NX AtchIon Kcn.4s... 3000 Atlan CIi c It b .1000 Btttt A Ohio a4 . 1000 do r 4a 11O0O do cv -His lllfti. Jxw. Close, (15V. .luivj. . 0.1'i . IHI U7'4 1000 do cv 4',iS ; iooo ncth Stctf 1st Ba ....M.S 'S88S nSSikrf& i;i6is: : :S?S lOOOO CIxlll Copper ...... l-l-lVi 10OO Ches A Ohio cv 4U8.. 8S 2000 Chi A Alton Jls W 1O0O Chi & Alton 3V4 4j4 oooo chi at vt . fjyt J8000 Chi I A Q Joint -H. . in 1O0O Chi II A Q r; 4i., W noon rhl it & Q 111 SV4.. rti 8000 Chi Mil A St I' cv Bs.JJH 20300 Chi II 4 SI T CV 4ii.ltW IOOO Chi Rwvs .. 'i.' JOOO Cumberland Tel Bs....ino 12000 Dl Secur Corp 8s.... ,; .'toco Brie son 4s . . ..... ;' Spoil Krle conv 4s ser A.... oooo 31U D2H ...lOiS ...mo 7 y, IK) 7S l.t-l Erfjk rnnv 4a net II v'i. ... ---I. --.-" B000 Hun & an in us.. , 2000 Hud & Man rM Bs IOOO 111 steel aco s ' 3000 Indiana Steel 5s.. ' 20300 Ins copper cv Os.... 2000 Interb Met 4Hs. ... , 1)000 Interb II T rof Ss... llBOOO Inter Mcr Mar ct iVa MOO Jap new O S 4... 2000 Knn City So Bs..... Iruwi T.Klf. Rtpl !ln 1030 2000 Manhattan 4s ii 7000 Minn !.! " 2000 Mo Kan A Tt, 1st 4s 7S 3OO0 Mo Kan & T 4'4s.... .WW 8000 Mo Knn 4 T Ss l.l fKi Mo I'ao cv Bs 43H 8000 Nat KnamA stp Ss. . W Siooo N V C A llud 4Ua.. V5J1 41)000 N Y Cent ,0........115JS 40UO N Y City 4Ss 10CO..102J4 2000 N Y City 4 '4s 10ti5..1O7,V KI00O N Y Ilwy adj Bs 03 210OO N Y Tel Ken 4)us.... W)i 4000 Norf A West 4s W JKX) Nor A Wcs cv 1010-25 lir.U ..19000 Nor Pao prior 4s.... IMVi scoo Nor Pao sen 3s .miK 1000 tPacInc Tel Bs. ...... .101 14400 Penna gen ct 4V4s...l02Jl 2000 Penna en 4t-s JOiiU 20000 Penna 4J4 lO--! "!? l.vxw Iteadlnff sen 4s W 1000 Ilock Island 4s ... . M 12000 Heaboard A U adj Bs.. flTU 1BO0O Souih Hell 5s 10l"4 1B00O South Pao 4a B7& BQOO South Pao cv 4 Si) Itfmn An rv rrt f n Tia .103i 1000 South Pao rfd 4s IK iuuu couin Hwy kcii in mm irtnn n r f d 800O Third Avo new 4s xr. SSfS i5 urn-1. MK IM'. 87 lOU W) 7'i lm'M 1(0 loitt 102 117i WIW US : 4BU BHJS Mi los 101 l)Mi 3w g A.-) 31'i 73 02'; M2h 1)1) IIK W lllvi Cl'i 7(1 3HVi III 43 V4 IIH 03U linij 102M, ll)Ti C2'5 ! now t4 101 lni)(, o-.V-j S3 117 lo I H R7fi Kl 103V. 110 724 SB 7; lITli 112 Vi IHIi 11214 inn. II4I 113 S7 1U IKl 1'7'd lOI. lll-l ion;. 11)2 1175V J3.I RS BS 45i tlHi iisjS 1U.K 101W 1CH) 72IA 7U ,2 RO 314 75 1025 1NU 74JJ 74J4 18 'jst! .1 o:il iml oi'i itiu 78 :it in 4:iVi us 102U 107; ir.)t; -m now mi i02j; 11X11, ion; s5. 1174 lout 87VJ Ml 103V, Wi i 1000 U 8 Oov 3s c sooa 721i 72lt 72U ..121S 121 121, .. H2; 82Ji R2'4 ..lOrf, 102 HW)S ViA TT U 1mtrn Kfl Pi) Ti) 00 8000 U S Steel 5s s f 103.. 104 104T4 300 do rer ns s t ju-ii jiw ju- 100O 'I'nlon Pac 1st 4 07. I l7Ji 2000 Va nwy Ss Si USS liHH IOOO Wabash 1st Bs 103 103 103 iooo wab.p t 1st t 4s.... i;; 1'i ni 12000 West Elect cv Bs 1S4J 134t4 134J4 100O AVest Union 4Hs DOW UlHi im'i LIVE STOCK QUOTATIONS CHICAGO. Feb. 14. HOOS. Receipts, 73,000: market slow. Be. nnd 10c. lower; mixed and , butchers, J7.00S-33: good, heavy, 7.M)8.3.V. rough, heavy. 7.0fVg8.0: light, 7.738.2Si v plrs, J8.2&37.40; bulk, ?8.03S.30. CATTLE. Receipts, 14,000; market atronr, 10c, higher; beeves, tu.33u0.ll3: cows and ... heifers. M.W38; Texans, 10.4087.30; calves. 48.SOh.B0. . .SHEEP. Receipts, 18.000; market steady, 10c. lower: native and Western, S7.COS8.33; lambs. J8.7Jtfll.35. MIDVALE STEEL This stock is traded in on the New York Curb Through our Unlisted Depart ment we have a direct and pri vate wire service to the New York Curb Market with con tinuous quotations. HUGHES & DIER Bankers and Brokers IMS Walnut St., Philadelphia, I'. Wo Offer Otto Elsenlohr & Bros. Inc. 796 Cumulative Preferred Stock Price 100 and Accrued Dividend MELLOR & PETRY Member N. Y. A PulU. Block Exchanges 31 COMUKIICIAI. TIU'ST UCILDINO ANNUAL MEETINGS r COJ1UKHCIAI. TRUST CUM1MNV. PhlladalDlila. February 2. 1918. vj-'-nrha Annual meettna of ths atoek- , l.oldcr of the company will be held . &. lu office. Commercial Trust ' Dulld Ijr. Philadelphia, on Monday. February Slii, Kiel at S p. u. (or the election pt syu directors and tb transaction of such , vthvc buatsess a may be brought before tho .paiwMn-. axuvEU A OROZER. Secretary. DUCEOTORy or ACCODNTANTa CrtUUd IMbUa AcnuUaU tAWaENCK K. UltUWM CO. iWa BtAL. K8TATK TUUyf BUlLmKO. TRADING IN COTTON QUIET, WITH THE MARKET STEADY Some Southern Scllinc Wall Street Bought NEW YORIC, Fcl). ll.TJuslncss was quiet nt tho openlnR on the Cotton Ex clinnRc this mornliiir, nnd tho attendnnco wits very small. There wcro many ab sentees nt tho opcnlnp;. Tho enrly tono wns steady nt 2 to 7 points higher. TrndlnB on both sldei of the innrket was without Importance. Thero wns some Southern selling;, with Wnll Streot nnd uptown buyinp; on n small scale. After tho call tho demand Increuscd and prices advanced 3 to 1 points further. Tho Government figures if consumption In January, whllo under the general nver ngo of predictions, wcro without Influ ence. Liverpool cables reported n quiet but steady market with prices 3 to 5 points higher nt the opening here. Precipitation wns general In tho east ern and southern portions of tho cotton belt, nnd temperatures wero lower. Friday s closo. Own. IIlRh, Mnrch JI.UI 11.91 11. in May iim.-i r.-.a) ia.2-.' July U'.l't r.'.,14 12.3S October 1137 December ....l-.ri January lZ.m Spot l'.MO r.-.a) r-..i4 12.10 ia.r.i 12.30 IS. 41 is.n.'i ll'.K) I)W. 11.00 12.I.-I 12.30 1B..T1 12.411 12,01 Close. 11.01 IB. IS 12.34 12.37 12 4C1 12..-V1 12.00 Liverpool Cotton LIVERPOOL. Feb. 14. Spot cotton wns In moderate demnnds today at an nd vnnco of 5 points ns compared with Frl dny; mid-upland 8.11d. Tho sales wcro 7000 bales, Including 6000 bales American. Tho Imports wcro 37,000 bales; Including 12,000 bales American. Tho market for futures closed quiet at n not advance of l'.4S2 points compared with Friday. ThomnH Iron Deal Falls Through ALLENTOWX, Pa., Fob. H.-Tlio pro posed solo of tho Thomas Iron Company, whoso plants aro at Hokendauqua, Albur tls. Hellerstown and Itlegelsvlll-, has fallen through, tho three months' option, secured by Miles L. C. Kapclmacher, of Logan, O., having expired without being exercised. The price ngrccd upon was $3,600,000. In London bar silver pence, oft l-iu pence. BAR SILVER waa quoted at 2rt7i Atch Top tc B V pf . . . 101M 101K llaldwln Loco Works.. 114 IIS Ilalllmoro & Ohio 8S', mi llaltlmoro & Ohio pf.. 77JJ 77K llaloplla.1 Mining UH 2h llothlehcm Steel 471 llothlohem Steel pf . . . . 137 llrooklyn Itap Tr b(M llurns Ilnw 8I4 Hush Terminal ll0 llutto & Superior H!) Cat Petroleum ;)2)f C'al Petroleum pf OIK Canadian Pacific 170K 17o Central Leather C3K CI! Chrsapoakn .V Ohio.... (i.'l Chlno Copper G8l Chllo Copper 24K Chlcaco CJt W pf 30 Chi Mil & St P HOK Chi Jill &St V PI-...120K 129 CCOi St L HO 40 101 101 11 1W 112'f 87 HH 77K 470 13H 85 8.") 110 !I3 05' 02 23 30 t)G fc8K 32 CAM 172 63"( con r.8K 2.1U 30 OIK 129 40 19 72! i 45) i 10' j Chi It I 4, Pac .... tluctt Pea & Co .. Col Fuel & Iron ... Comput T Hcc Co. Consolidated Cias... Conllnental Can.... Corn Products llcf. Corn Prod Kef pf. . Cmclblo Steel Crucible Steel pf. .. Cuban-Am Sucar Deere & Co pf Detroit Edison Detroit United Itys. Distill Sec Corpn Domo Mines Erie Ilrlo 1st pf KrtolM pf (Jen Chemical pf (Jcncral Klcctrlc 171K licncral Motors 4S0 (Joodrich II F 73 Goodrich U K pf 113K 113K 1I3K 113K (irecnc-Cananca 4U 4'JK -111 49 Oranby Consol 07 US UOJi 00K (ireat Northern pf 122U 122! I 122 122 fit Norcfsfor oro pr.. 40K 40!i 40 40 i . 21K 21K 21K U1K .103K 1WK 103JI 103K . 04; i 03 02 02 .107 107 107 107 .now now iiok iiok .110 I17JI 117U n; 17i 10; .. 10K 10' .. 72) j 72,'i .. 47? i 47K . . 47 40)i ..13.-.U 135K 131)i .. 81 80 80 .. 22H 22K 21W .. 07 00! i Ofl'f .. 81W 81!, 77 ..115 llo 114 .203 204!f 200 .. 07) i 08K OS ..138K 13S . 85 85!f . 48, 48)J 20 'i 38!f 51! 47 20? , 33K 51 48 .111 138 83)j 17K 29 37! i KM 47 115K 115K 115;; 171 170K 170K 4& 485 485 723, 72.K 7l 2!( 470 140 85 85 110 8H!f 325 04), 172 m 02 C8K 23!,- 30 05K 129 40 10'f 72K 45K 4UW 13 IK 80 22 4 ontf 77!, Ill 200 Mi 138 85)i 47! i 29 37K C3'i 47 (iuccon Kxnln Illinois Central Int Azrlcultural pf . Int Harv Cor pf . . . . Int Harv N J Int Harv N J pf.... Int Con Cor v t c sh. Int Paper Co Int Paper Co pf 47K Insp Con Cop 407, Int Nlckol v t cfs ..214K IntM M cfs of dp.... IG'f IntM M pf cfs of dp. 75!f Kan City Southern.... 27K Kan City South pf.. . (11 Lack StocI 70U Leo Rubber &TIre.... 50i Lchlch Valloy 78K LltRott & Myers 259 17U II 47 475 i 55), 17 75 2014 01 70K 50) i 78 200 Llegott & Myers pf. . .121K 12 W 17' 11 40 40!i 63 15 71 20)4 01)4 70 50 77!, 200 121 17!, 11W 40 4l)3f 63)i 15 71K 20K 00K 70 SOU 77!i 200 121 If Lorlllard P Co, Mackay Cos Mackay Coi pf Manhat Kiev ittd May Dcpt Stores pf. Mamcll Motori Max Motors 1st pf---Max Motors 2d pf- Mexican Petroleum . Mo Kan A Texas Mo Kan & Texas pf. Miami Copper Missouri Pacific ... . Montana Power Nat llnam & S Co. .. National Lead National Lead pf . . Nev Con Copper New York Air Hrako. NVNII AH N Y O All It 107 New York Dock 15 Norfolk & Western Northern Pacific. Last close. Illah. Low, 105 105 105 87U 87 ... . 07K 07K ....131 130 .102K 103 . 70K 70K . 87K 88K . 52 52U .109!f 112K 5K 0 Closo. 105 85 mi 07K . 07K 130 130 105 105 OWI B05 88 HS 61!f 51f 109 109 n n 14 1 t 14 37K 37U 37 jj 5K 5K 5K 74 73K 73) i 27 27 27 71K "0 70 115 115 115 10K 10K lflK IfiUX Ufi 1B0K 71K 09K OOW 107K 10.VJ 103!f 14 14 1 t 118'i 117)5 110! ltO! 114U 11W 111 1MU M.K 37! t 5' 74 28)5 7I'l 114 10K no l Ont Sliver Mln 8K 8K m K Pacific Mall W,i 10K WK 10K Pennsjlvanla It It.... 57 57K 67K 57U Peoples flas Chi 103 101 101 101 Pitts Coal Co N J ... 33 32K 31K 31K Pitts Coal N J Pf 10SK 108 108 108 Pressed 8 Car Co 5S) 58 57K 57K Pullman Co 101 101 Hit 101 Ily Steel Sp 13)5 43 41 41'i Ilay Con Coppor 25! j 25) J 23K 'Mi Itoadlnc 80 70 U 70 70 ItcadlnB 2d pf 2K 42 42 42 Itcpubllc I A 8 51!f W'f S3K 63M nock Island pf U V, H H St Louis Southwest ... 10 10 10 10 Seaboard Air Lino ... 17 17U 17K 17K Seaboard Air Lino pf. . 38K 38 38 38 Seats Koo & Co 181 180 ISO lbO Shat Arlrona Copper-. 38K 40U 30 30U Sloss-Shef S & 1 00 00 69K 50K South Porto It Sue.... 100 101 101 ml South Porto It Sue pf.100 100K 100)4 100) Southern Pacific 1003i! 100! 09K 100 Southern Pac tr cfs.... UOK 117' 117K 117K Southern Uy 21'( 21K 21 21 Southern Ily pf 00 50's 50K 50K Studcbaker Co 161 133 f, 152 lo2JS Studebakcr Co pf 112), Tcnn Coppor 00U Teta Co 214 Texas Pacific OK 7 OK i Third Aicnuo 00K 01 COK 01 TlnCltyIlT 05K 05K 05!f 03K Union II,ib X Paper. . . Vi 8), 7!f H rnltcd Clcir Stores. . . OK OK 0' OK .135 DPi l.ii;. 1.11)4 . 81 81 83!i M .153K 163 lfiljj 153 . 20 It) .10 10 .149 148!i 140 1 10 . 53 53 623 j 62) i .107 107K 1D7K 107), . 81K 813, 83K 8334 .117K 117), 117K 1173. 10K . 81 . 48K' . 15 -11),' . 28' , . 8))5 073 i ool . 112 112 112 01 69K 59K 210.K 212K 212)5 Union Pacific Union Pacific pf . . U 8 lnd Alcohol... USUI P & P.--United Krult Co. . . U 8 llublier U S Iluliber 1st pf. U S Steel Corpn... U S Steel Corpn pf Utah Securities Utah Copper Va-Caro Chcm Wabash Wabash pf A Wabash Pf H West Union Tel . West 11 1.M Willys (Hcrl.ind. ... WIIIs Ov pf s cf f p. .105 Woolworth F W 122 Quoted ex dividend. Quoted on n basis of J!,"i par. 19)5 193,' 19K 80)i 8IK 81 47K 47K -I7K 15K II), 14)5 41'i 4J'l 4435 28't 27'i 27K 89' i 88 K 89 iS C7K K7K 21S 217 21SH 105 105 105 1223i 122 122 Gasoline Prices Still Climbing KUW YOItK, Feb. II. Tho price of gasollno In Arizona has advanced ono cent a gallon tank basis, to n minimum of 22V4 cents and maximum of 25'i cents; to a minimum of 22 cents and maximum of 24 cents In Florida, and to minimum of 12i and a maximum of 25 -cent:) In Georgia. iff Perkiomen Railroad 8 j 2d Series 5 Bonds f$ Due Jan., 1918 I Price on Appllcnllon rJ- , J :? FEBRUARY INUESTMENT SUGGESTIONS Included in our Feb ruary circular are Sug gestions covering safe Railroad, Public Utility and Industrial issues Yielding from 410 to 6.60 with a list of local Tax Free Gas & Electric Co. Bonds in which we always have an active market. This circular sent upon request. Reed A. Morgan & Co. WEST KNI1 thust iiuildino riiiui)i;r,rniA Momlcrn of tho I'hlla. Stock Ezchanio Otto Eisenlohr Cj& Bros., inc. Incorporated under the laws of Pennsylvania, succeeding Otto Elsenlohr & Bros, a Co-partnership, of Philadelphia, Pennsylvania. $3,000,000 f0 Cumulative Preferred Stock Redeemable at the option of the Company at $115 per share plus accrued dividends Preferred as to both Assets and Dividends Fully paid and non-assessable tirst dividend date: April I, 1916, and quarterly thereafter CENTRAL TRUST CO. OF NEW YORK U1KAUU THUST CO., PIIIL.A., I'A. Registrars Tax Exempt in Penmylvania GUARANTY TRUST CO. OF NKYV YORK CO.M.MERCIAI.. TRUST CO.. 1'HII.A.. PA. Transfer Agents Capitalization Preferred Stock, par value $100, authorized and issued $3,000,000 (With authority to Issue ?l,O0O.00O additional Preferred Stock under restrictions) Common Stock, par value ?100, authorized and issued... $6,000,000 We are in receipt of a letter dated Jan, SB, 1916, from Mr. Charles J. Eisenlohr, who is Presi dent of the new Corporation, describing the historu and present status of the business, as well as a Bal ance Sheet and Statement of Earninps certified to by Messrs. Marwick, Mitchell, Peat & Co., Chartered Accountants. Copies will be furnished by the undersigned on request. Mr. Eisenlohr has briefly sum marized his letter as follows: Buiinett "Otto Eisenlohr & Bros, have been engaged in the manufacture of cigars for over sixty years. They are the third largest cigar manufacturers in the United States. "Their production in 1915 reached the total of 181,000,000 cigars. Over 90 of their busi ness is on one brand, viz., the 'Cinco' -five-cent cigar. "The 'Cinco' is the largest-selling five-cent cigar in the United States. It has attained its pre-eminence through consistent maintenance of quality. "The net sales of the business in each of the past five years were in excess of $5,000 000. For the six months period July 1 to December 31, 1915, the net sales exceeded those of the corresponding period of any previous year. '''ft"" Earning and A$tt Petition "Net earnings for 1915, as reported by Messrs. Marwick. Mitchell, Peat & Co., Chartered Accountants, were in excess of two and one-half times the dividend requirements of the Pre. ferred Stock; the average annual earnings for the three year period 1913-1915 inclusive were in excess of three and one-quart,er times the dividend requirements of the Preferred Stock. "The new Company will commence business with no indebtedness and its total net assets, exclusive of good-will and trade-marks, will be at least $4,000,000; that Is to say. $1,000,000 in excess of the Preferred Stock issue. The net, quick assets alone will be over $3,450,000 so that every share of Preferred Stock will be covered at the outset by a net asset value, exclusive of good-will and trade-marks, of over $133 per share, and a net quick asset value of over $115 per share. This advertisement appears as a matter of record only, as all the stock acquired by the undersigned has been sold. CHANDLER & CO., Inc. PHILADELPHIA NEW YORK BOSTON HALLGARTEN & CO. 5 Nassau Street NEW YORK Sales in Philadelphia 10 Am Cl ., 12-t.. 21 Am Ily nrcf . . . . mW (10 Anaconda .01 in liald I.00 112., no J o Drill. am (19 Carrrbrla Iron . . .43 nr Cambria Hteel 81 .., HI cataw'rf 1st pf. MJ4 Hi.'i Klco Storane... tiVt ;.o Krlo 37U :io Oen Asphalt... xt Rt do pref 72, M) liisp fop 47 IS Kovst T C pref 00 6725 I.nln Run Corp. IIJ4 U l.rhlRh Nav .. 77S 17 l.eli Val 7Si ..Mi 111 Val Tr 21 a7 'In prtf 12 2 til Miami Cop..... .'I7J ;i77 reima iihII.... .-.; 4 .('.HI I'cnn Silt MfK.lraU SW IVnnn. steel..,. fl. 1.-, I'hlla Co pf . . . Mti ,u i'niiR i-.ico. 20 Hearting ... 100 South llwy . 810 Ton llelmont 170 Ton Mining- .in.". Union Trac . 2ui 11 (las Imp.. lo-j) tr a Hied. . TO tttah Conner .-, Warw lr A St 00 lorn nwy , lyOW. Closo. 12.1 123 l'( 0.1'4 m, niH 112 112,, .1.1 :i3tt Jl'i 43 80'i 81 :i7( it 72 47i IK) is M Net CllRC. "i 'i'.t mi vi H3U N .17 i i .11 47H "H IB) 2? t k . 41 : ": ... 21 4t' T IW . 71) 71) 711 ' ji ? vi - 1 UlS 4 . R.-. S3 . 10S , h 1014 ll's 2S 711 21 4', 4'lU 8 - S, 8.1? - t 83 2 II It - i Tolnl nalrs, 23,327 alinrrK, compnrfil nidi 100,1.1.1 olinrts Inst Mnmlny, IIONDS. Iy)W. ii2i; 124 1)W lit) 21) MX, 101 IWU 1l)2 1011 1)2 RIVj lot Iflji S'iii Not Close. Chg. in High COO Am O 15 M.. Ifl 10") Htth Sttfl .. 12011 Kino IViul III (las M.lOHii mm Key Tol 1st 3s. nil 12300 Ia Su Ino 4s.. .11 1(1000 L, V BPIl 4s..., HI moo ilo ion 44s..imi( tKXX) V Tr rrt .'. . I'l ikxio I'ii Co (ten 4Ha.l02T4 Moon do cons 4Hs..l()il noon t'hlla Co ens da 02H 2H) I'hlla i:icc 4s.. 81 400 do 3.1 10.1 ROOO Itoadlne gn 4s. t)V4 lOooo WNV E 1 gn 4s 8214 incrcnsc. Mccrrnwc. Tntnl unlrs, $83,000, compnrrd ulth $37, 200 last Monitor. 120 V, 100V4 in am 101 1121', ltwti loit 02J, iS!w Vi 1? M i BANK CLEARINGS Hank clearings today compared with cor. responding day last tno yearn: 11113. lull. 101.1. I'lillai1elplila.$l.-.iiii473 t:ii.iiii.sn J?n." norn lloston 22,408.411 18.nlS.li0a 17,874,480 Wheat, Corn, Oats Provisions Carried on favorable terms Continuous quotntlons pouted In our Ilonrtl-ltoom. Write for our Dally nnd Weekly Market letters. lllils nnd offers bought nnd sold. HUGHES & DIER Members Chicago Hoard of Trailo 14.ir, Walnut Street, I'lillndelphla, Va. Local Bid and Asked Buff A Sua t c i ilo pref ' J O mill llaldwln .......I Cambria Hteel .. r.leetrle Rtorago Oeneral Asphalt do pref Key Tel do t c. do pref take Hup Corp . Ihlgh Nav ... I.ehlgh Vnlley . Lehigh Val Tr .. do pref rennn I'hlla Wee rhlln Co 1a .1 niie rent do 0 per rent pfd, t'hlla It T do t c Heading Tonoimh Helmont . Tonopah Mining .. Union Traction ... It (Ins Imp II 8 Steel York llwy do pref IVm Cramp t c... Today .Friday. JIM. Asked. Old. Asked. ,. ani4 4014 anii 40'.i '.'.'.'..'. .10'4 8(1 83 .lit ill J? ii2H iw vm 801? 81 80J4 8(H ...... n.MJ nn wii nil XI 8.11.4 IWJ4 H' ...... 71(4 72 714 72 ...... JlJJ I lift j ...... 1.1(5 14 Wi 14 ...... 08 on r.s iai 1in 12 K' 10H 77 77. 77 j ...... 77,1 7R 78 78t,4 1 21 2115 m;4 so .... . 4IK 42 4t 42 ..... r.jji r7H r,7i! f.7',4 . . . . . 27 28 271 28 42 41 42 4.1 81 .17 .10 88 41 44 II 44 ln'i 20 inn 20 10'4 20 ins 20 78$ 78 7t)4 cO., 8 'A 4f? i n n r,tj 7 4i 4i(S n 4:i;s 8SI4 HI 88U 8!ll 8.1H 8.1H 8ti 84 J 8i ll'.i 811 n'i .it ni .14 a-. 73 SO 70 80 pfd NEW YORK MUTTER AND EGGS NEW YOrtK. Vcb. 14. - nUTTi:n-Market Arm. receipts. 7.133 packages. Mitra cream cry, 3?34i,e.; Iilsher scoring, 33Baa4c: Btato dairy, a2R.lftc.i Imitation creamery, 2.'l23ic. ridOS-Market firm. Itecelpts. 8714. pnek ages. Kutra Ilrsts. 2iH4!T27c.i nrsts, 232nc.; nearby whites, .lOfffllo.i nearby browns. 27 2'ic; mixed color, 23f28e. rcrrlgerntor beat. 101721c. P& PDBUC5ERVICE SECURITIEC5 The dcneniipnrn t ... ' nieipalitiea on Public Service Corporations ,'? the strenolh of their securities." '7 n J We recommend to coruemi'viai vestors an income and Penna. f. n in denominations of $100 $200 $500, q TKee DonJ. are of tKe Ll' rjradc.are suitable for trust estatti it yield a return of ' 5Vs per cent. 1 Tf .""fllnrfl 4lrl ..!... 1 . " " .""-p-us mow ( steady increase, territory served J me .uiiian onuwD opproximateiybfli increase in tne past ten years. J Complete investigation requeitto, flokerr Aylirvg S Co' Land Title Dldg. PRilaiJelrA.?'. Union National Bank Third and Arch Sts. The Neighborhood Bank" tt orpicuns .1. S. McCullocli, I'rcnldenf. Theodore If. Condrrmnn, Vlcc-I'rcsldenf, , I.ouln N. SiilclherKcr, Vlee-l'rcnldcnt nnd Cnsliler, Snmuel Cnmiiliell, Analnlnnt Cnsliler. II. DiitncToits Carpenter, Chairman Wm. Ignatlns .1. Dohan Aaron 3nn Thro. II. Cbnderman Ilnrlnn Tngfi Ilornco T. I'otta Churl's S. Wulton Our experience enables u to offer a service unsurpassed Henry I'. Mitchell H. N. .AInrln .1. N. McCullocli John C. Mnrtln Ixiuls N. Splelhercer of Hoard. Wm. McAdoo, Jr. i:dnrd Wolf Henry II. Ilnrton, Jr. Nnthnn T. I'olwell Samuel K. Ijindls mh-.m - pro fcfcmiW WW4)JAJs jgMyfcWlimiBI-MiHIttl 1424 Chestnut St. February 14, 1900 City Hal! Squares February 14, 1916 The COMPANY commenced active business on the 14th of February, 1900, and presents herewith a condensed statement of its condition on its SIXTEENTH ANNIVERSARY. Deposits $30,006,412.93 Capital 1,000,000.00 Surplus and Profits 1,701,306.41 Personal Trusts 11,598,766.39 Corporate Trusts 254,897,500.00 Commercial Trust Company City Hall Square BOSTON AND NE RAILROAD Boston, Mass., February 11, 1916. To the Noteholders of the Boston and Maine Railroad: You are asked to extend your notes to June 2, 1916, under the following terms: ANY HOLDER OF NOTES MAY EXTEND THE TIME OF PAY MENT OF THE AMOUNT DUE THEREON TO JUNE 2, 1916, WITH INTEREST DISCOUNTED AT THE RATE OF 6 PER ANNUM. A plan of consolidation has been formulated which has received the approval of the Directors of the Fitchburg Railroad Company, of the Boston and Lowell Railroad Cor poration and of this Company. The Board of Directors of this Company has recommended to the favorable action of the Stockholders agreements for consolidation with, or purchase of, some or all of the lines leased to or operated by the Boston and Maine Railroad based upon the fundamental terms so approved. Your security will not be in any way diminished by this extension, if granted, as no mortgage can be placed upon the property without securing your notes, and it will enable us to continue our efforts toward a sound reorganization under favorable conditions. Acceptance of this offer must be construed as conditional upon action by the Direc tors not later than February 29, 1916, declaring the plan of extension effective, Noteholders are requested to advise the Old Colony Trust Company, 17 Court Street, Boston. Massachusetts, before 2 p, m., Thursday, Feb. ruary 24, 1916, of their acceptance of the plan for extension, stating the numbers, including prefixes, denominations and dates of issue of the notes they hold. Noteholders will subsequently be asked to present their notes for extension. By order Board of Directors, J, H. HUSTIS, Prtildtnt, I e r 't IV V !- fU I Ii DUJtN A BPHAX.UAN
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