I(W.
'7
KVBNUSfO LBDGBB .PHILADPTtTA'. MOX'BAY, PBBXITJAXiY
14 '
P-
p
FINANCIAL NEWS
MOVEMENTS IN PRICES OF STOCKS
; WERE WITHOUT MUCH SIGNIFICANCE
Business Limited to Professional Element on Floor and
Was of a Holiday Character Industrial Alcohol
Forced Down in Afternoon
High Points in Todai's Financial Nctca
Initial dividend of r per cent, declared on common stock of Atlantic
and Pacific Steamship Company. Dividend of .1 1-J per cent, and extra
of -3 1-2 per cent, on preferred on accumulated hack dividend. St. Joseph
Lead increased dividend. Pittsburgh Coal readjustment plan announced.
Individual deposits showed increase of $21,70.1,000 in Philadelphia bank
statement for week and surplus gained $1S,5J0,000. Pennsylvania Crude
Oil up 5 cents.
NBW YORK, Feb. 21.
Market movrmcnlH wore wllliont much KlRiilllcnnrp in tlio slock market
'oday, business bclns limited to tlio professional element on the floor tind wis
ilmost wholly ot a holiday ehnruutcr. Tninsnotlons in most Issues were Ktmill,
.uid prices In some hIooIch llurtmited over a wide mime without tmoelnl reason.
Thd war-order stocks showed a heavy tone brrnitHO or tliPj newspaper
cports of tho proRrum to tax inunllionM for defense expenditures ( hut many ot
heso stocks have lost favor nmnnir tho speculative clement, and there has
jeen for some time evidence of n liquidating tendency In Cruclblo Steel, which
Wfl ono of the weakest of this grout).
' Marino iireferred made further progress toward rcpovot Injr last week's loss.
Mit after a kooiI kuIii In the first few minutes tlio movement abruptly ended,
.nd the early itdvnnro was followed by a slmip reliction. .Members of tho
.Stockholders' Committee Btated thnl so far no Joint conference has been railed,
dnd tho situation, so far as they know, remains tiiichaiiRed, In tho afternoon
Jio stock iiKnln becamo strong.
rtoom traders found Industrial Alcohol without protection mid made that
itock n weak feature of the late afternoon's trading. It was forced to IfiO on
ho expectation of rearhltiK stop orders. The raid was successful In this respect,
md the execution of n number of "stops" which were caught carried tho price
still lower before the close. Tlio movement was based almost wholly on the.
Democratic leaders' proposition to tax munitions. Other war order stocks were
freely sold during the afternoon for tho same reason, anil there was renewed
selling of Dom Mines, which had been unsettled last week by the Canadian tax
program. Outside of these Issues, the lato market tone was listless unci trading
Wis of a pro-holiday character.
Atlantic and Pacific Steamship Initial Dividend on Common
Tho Atlantic and Pacific Steamship Company declared an Initial dividend
of 5 per cent, on the common stock, payable March 1 f to stock of record March
1. Tho company also declared a dividend of 3& per cent, and nn extra ,T,4
per cent. In payment of accumulated dividends on the preferred stock, payable
March 1G to stock ot record March J. Year ended December 31, 1915: Net
earnings from voyages, ?tilfi,L'C7: bond Interest, $102,000: dividends, $70,000;
reserve for depreciation, $2!il,400; total deductions, $1L':I,-I00: surplus, SISL'.SfiT;
prfcvldus surplus, $170,072: reserve for depreciation, $100,000; preferred dividend,
$70,000; profit and loss surplus, $102,939.
Pittsburgh Coal Readjustment Plan
The ofllcial announcement to holders of preferred and common stock of tho
Pittsburgh Coal Company in its plan of readjustment sars:
"Holders of 7 per cent, cumulative preferred stock of the New Jersey com
pany will for each $100 (par value) of such stock and nil nccurcct dividends
thereon amounting as of January 1, 1918, to $4 t.R8 1-3 per share, reeolvo i per
cent, cumulative preferred stock of the Pennsylvania company to tho par valuo
of $133.33 1-3. Holders of common stock of the Now Jersey company will for
each $100 (par valuo of such stock recelvo stock of tho Pennsylvania company
to tho par valuo of $100."
Increased Dividend by St. Joseph Lead .
Tho St. Joseph Lead Company declared a dividend of 2 per cent., paynblo
March 20. Hooks close March 9 and reopen March 21. Three months ago the
declaration was Hi per cent. Tho company reports for tho year ended Decem
ber 31 last net protlts of $1,283,429, compared with $2,317,010 in 1914 nnd surplus
for dividends $2,S53,SG3, against $1,031,972 in the previous year.
Southern Hailwny Not to Sell .More Rotids
NEW YORK. Feb. 21. In well-informed circles regarding tlio affairs of the
Southern Itallway Comjwny it was stated that there is no foundation for the re
port that tho company is about to dispose of n large part of its development and
general mortgage 4 per cent, bonds, of which there are approximately $138,000,000
unissued, $01,333,000 now being outstanding.
NEW YORK STOCK SALES
Alaska J Gold Mine. . !','
AtaSlcaCiold Minis.... 221!
AUls-ChalmenMfs.... 3(1' j
Allls-Chalmcrs Mill pf. 81 H
Am- Ae Chemical pf. . . OS
Aitr Beet Sucar 71
Am Can (12
Am Car.&Fdy (in
Am. Car & Viiy pf US
Am Coal rroducti Nil)
Am Jlldo & Leather. . . 10
Am Hide & L pf .... MH
Am Ico Securities 31
Am Unbccd 23'i
AmlJnscodpf 4m
Am Iwomotlvo oii'j
Am Locomotive pf -. . 102
Am Smelt & Itef 102s
Art Smelt & Kef pf. ..1124
Am Smelt pf A 03' j
Am Steel Foundries... r,lii
Am Sugar lief 113
Am Tel i Tel 127Ji
Am Tobacco
Am Tobacco pf new.
Am Woolen tr rets-.
1 Art Woolen pf t r . . .
Am Zinc L & Sm. . .
Anaconda Cop M
Associated Oil
Atch Top & S F . .
Baldwin Loco Works
Baltimore & Ohio .
Baltimore & Ohio pf.
BatopUu Mliilnz
Bethlehem Steel
Brooklyn Rap Tr . . .
Buff Roch & ntts . .
Butte & Superior .
Cat Petroleum
Canadian Pacific. . . .
Pentrul Leather
Central Leather Pf
Chesapeake & Ohio. .
Chlte Copper
China Copper .
Chlcieo Ot West pf. .
CMMU 4StP . ...
Chi MU & St P pf .
Chi 4 Northwestern. .12S.W
Chi &. Northwest pr. -.175
Chljtl&l'ac ....
C'luiitt Pea & Co. , . .
Col Fuel & Iron. . . .
Coraput T Itec Co. .
Continental Can. . . .
Cora Products Ret, ,
Crucible Steel
Ctildbla Steel pf . . . .
Cuban-Am Sugar
Bel Lack AWest...
Delaware & Hudson.
Denver & Rio fir. . .
Detroit Pdbon
Distill Sec Corpn....
Dome Mines
Brio .'
Petl Mia Sm pf..,
Wen Chemical pf-...
Uenorstf Klectrlc
Ueoiral Motor. . .
fieucml Motors pf.
Moodiieh ii F
Cfcodrtcn HP pf ....
Oranbr Coasol VJH
breene-Cananea 47
Great Northern pf 120H
tit tier els for ore pf . 45't
uuw Kxptn
lot Agricultural
1st Agricultural pf. .
tot 0on Cor v tttt
lul Qmse! Corp pf . .
IwpCffl? Oop
lot tit$W v t ci ...
1st M U & of dp. .
fttiil Mpf efeof dp
fcaa. Ottx boutheio .
&ftfc ' ::
LP jtiWtor ft 'lire
LflSC jji nd - - . .
mmrit MWnf .
H, Ifatfon m pf
fcf iU ft $t lAMlii
mmm linoleum
Mj fe Hi Ten.-.
MKw; & tV-t gl
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112 1124
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127'4' 1274 127f
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113W U3 1134
100 105 lt)S
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151.4 15( 151)
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17H 171 171
480 478 4S0
1134 J134 1134
73 714 724
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154 414 444
21H 214
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054 004
174 174
73 75
40.4 474
IK 404
104 14
704 734
384 S3
1294 124
774 77
774 77),
534 53
214 214
&Vi ufl
87 M
504 50.4
64 4
l'Ji4 1074
U 144
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184
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54 64
W4 Uii
5 6
I-st close. IIIkIi. Low. Close.
Montana Power 73 73 73 73
Nat Cloak & Suit .... 70',' 70 7.Vf 7,Vf
Nat Knam & S Co. . . . 204 20U 20 iO
Nat Lead Co .'. I1S4 CO OS OS),
Nov Cgn Cop 104 104 10'j 104
New York Air Brake. .145 111 141 114'
N Y N II & II 0SU CS'f 07.4 07.4
NY Ck II It 10.-.4 1054 1014 105
N Y Chi .t St 1 13 3S4 3S4 3S4
Norfolk & Western. ...117)a 1174 1174 1174
Northern Pacific 113 113 1124 1 124'
Pacific .Mall 10 204 10.4 104
Pennsylvania It It 574' 57.4 574 574
Philadelphia Co 42?4' 42) 3 424 424
Pitts Coal Co N J.... 314 35 324 33
Pressed S Car Co 504 50 55 55
Ry Steel Sn Co 41 404 40.4 404
Ray Con Copper 254 20 25U 25JS
Reading 784 784 78 78
Reading 1st pf 114 424' 42 424
Reading 2d pf 114' 414 414 414
Republic Iron it S. ... 524 53.4 521, 52J5
Republic I & S pf Ill 111 111 111
Rock Island 4 ?; f U
Rook Island pf 4' H H Vt
St Louis & S F 54 54 54 54
Seaboard Air Lino 104 10U 104 104'
Seaboard Air Lino pf. . 374 37 37 37
Sears Ro) & Co pf 127 127 127 127
Shat Ariz Cop 3S4 394' 3S4 3S4
Sloss-Shef S ,t 1 574 57 57 57
South Porto R Sug. ...101 1724 105)5 1094
South Porto It Sug jif.1004 10S4 I0SU 10S4
Southern Pacific 004 994 !)) 994
Southern Ry 2055 204 20)3 204
Studebaker Co 140'i 147 145 1454
Tenn Copper 584 594' 5s)f 584
Texas Co 20.S4 2074 205 205
Tobacco Prod pr 1034 103 103 10.1
Union Hag & Paper. . . 74 74 74 7.4
Union Hag & 1 pf. . . 30 30 28 30
United Dry (ioods 29J 30 30 KO
United Cigar Stores... 04 94 94 9'f
Union 1'aclflc 1334 131 1334 1334
Union 1'aclflc pf 824 83 824 82.4
United Fruit Co 145 1154 141). 1444
U S Ind Alcohol 153 1534 14S 1484
U S Ind Alcohol pf. .. .1004 100 100 100
U S C I 1' J F 184 18 18 IS
U S Realty & Imp... 414 45 41 444
United Rys Inv Co.... 104 154 154 154
U S Rubber 524 524 524 524
U S Rubber 1st pf. ...1004 1004 1004 1004
U S Steel Corpn 834 834 834 834
US Steel Corpn pf...H7 1174 1104 1104
Utah Securities 184 184 184 18J,
Utah Copper 804 804 854 54
Va-Caro Chera 17 474 474 47) j
Wabash 144 114 14 14
Wabash Pf A 434 434 13 43
Wabash pf R 274 27 204 204
Wet Union Tel 884 8SJ,' 884 KsH
WettB&M COJi 004 00 004
West E & M 1st Pf. . 78 774 774 774
Wettein Maryland 274-274 274 274
Wheel & Lake F.rle.... 3 3 3 3
Willys Overland 210 212 210 213
Willys Q pf s cf f p. .101 104) i 104 104
fiuotsU ex dividend.
.Total nilfM. '.'07.ll0 khurea, roiupurnl with
637,801) share last Mondj)-,
BANK CLEAHINGS
'ew York Cloarlruia. t3S7.1st.8.
J'nIUiklphU Clearlnea, 132,015.803.
Tilt! I.KIIKJII COAI, AM) NAM,
NATION CIIMIMNV
FlilUdalphla, February IS, 10IO.
1h i4Unul rotlnt of the torklmMr
ot Tbe Lfhlib Coal und Natlcutlon Cum
pupy will li uUl at lh me ot the iuio,
pauy. 4C7 ChMtnut tret. PblUuWiihW.'Pa.,
oil February S'i, 1010, lit 11 o'clock A. Jl..
when ad wlmte in elaetlon wilt to htld for
PfOldtU ana lloard of Uanacara to serve
for tlw 0neuli4 year.
CopUt vt the Annual Report can be had
al the Company' orflve ou and after Feb
ruary 31. ma.
11BNUY II. PKASK.
Secretary.
DIVIDKNUS
TUB Alli:ilICAN UAS COMI'ANX
191 Market tiUeet, Cuwdtn, N. J. ,
February IS. 10(8.
A quarterly dividend of S. or 13.00 per
bare. ku uaa cUarU oo tho capital
tuck of tbW iomtMuy. payahla March 1,
iuio t,, U 4ukboldr( ol rscvrd at 3
O'clock 1'- M-, Furuurjr 10, 1818. Chck
WUl t UL4Ul4.
t
-, 1 uig JUflir i uisaisKVJss j ' .m M
c7 i M.HnJnlnhin R.A WP
I KJUIV& III wrouwf""
New York Bond Sales
lllch, L
111), 110
:00O Allmny & Hn.l l!ii
11)00 Alnskii Oold.cv lis
I.IMUII
looo
.,i, .tiiicr it'i ,vn, i...,'..; ,.,.,,
iiumi Amcr Tel tvt i ',i.. in " lyii-a
,nw. row.
'Ui 7N
AnKlo K 1. B k .Olji
m-r umi-it K- IH..I11H lllli
Amor Tel conv 4H..10DH lllOjii
ilipiii) Aim Arbor in.
ill
iV
Anil Ai-mnitr I'n lUfl... 11.1 11.1
I ItilK) Alrlllran Ben in 1)11 tllji
lllil) Atrlilon iiilj In.... MM. Kf!i
loon Alehihin .',.i 10H4 lni',4
20i)i) Unit & Ohio :1H.. I:i !:t
Rimil Unit Ohio ! I)J 02
ISmiil Halt k Oh rv -t n . HJ'i IiTU
Hum ii ft o P m:w' i mU 8?.
I I roil nt S, (J Mwn :Ik III, II H.
SIMM) llrook It T ." IDlN.llioia tim'a
tniiil llrk r : lt ft ,li.l03. Iii2
Willi) Cnl IIiih A Hire Sn. lit 'a .1)1 U
1IMIH snnniln fioulli ."1...I1M. lot
2lniHi lnl LiMtthtr tut "11.H12U 1H2
linuil Cent 1'nc lut la WHi t)il
RSOD I'hlll I'npti-r "m. . . . . la.-lK 13.)
linn, inrar& unio rv I'an bivh .iivt.
sooo 1 'lien ft OIU11 4,,4b.. 02M
HOOD Chi Ot Will 4s 72j
15000 Chi It I) Mnt 4. !i84
1000 C'hl II ft il 1:011 4a, 01
.1000 Chi II ft (1 111 .I'.in. . fll!
none) Hi! M & H l" iivii 4 01
lUUn Ihl .11 ft H I' rV 6K.I07'?i
1101)0 H1 M ft H 1 rv 4HM.101
9(101) I M ft H 1' iren I'lri.inxU
Boon Chi St ft P H Is !14
SBno Chliiem rets B.i,.... "h
II00O CIov Hh Mho 4 '.si. I'll
COOO Co) liiiluitrlttl in... T
1000 Col ft Huuth 1st 4s. !)1 Ii
1000 tin 4HB S4
12000 Com Prod ts 1034 00
2000 Cuinlierland T.-l 6s.. O0"i
H400 Drl ft Hud r f i Es.lllO'a
1 1000 lien A lllo Or Is.. 78a
2000 iMhiit I-Mt 1st r.s..loi!d
I00O Detroit I'liltml His. 77
loooo lls Hwur Corn tis.. 72
6000 Hrle ronv ! tier 11 7U
IOO11 llud ft Man 111 r.H... .11
201)0 do rfil 58 75
1000 Hock Vnl 4Vks 91 J4
.,11110 111 N1c.iI doll Ma 02iy.
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1000 III iVntml 4 1963 sr,i
SOOO Intorli .Met 4!js,... 7 41 U
.1000 litu-rli It T ref 6s... 09
1 74H0O Inter Mn lln it It4s 00
9000 Jiiimti new OH l4n ""?
3000 do i',i .14 'i
1 201111 k 1: I't M ft ai is
anon I,li Khnro con 3 'as
1000 do doh 4s 1028..
200O IrfllllS ft N'.imIi 4s..
2000 .Mnrirant 1. "a. . . .
IliliiO .Mllu'iiukeo Hits 4s
00011 Minn ft Ht I. Is.. .
I611110 Minn Ml P 14 H .11 4s
2IIHII Mo Kan ft '1' 1st Is
201111 Mn Ivan ft T 2il Is. . 40
2H0II do IWH
Kioo Mi, I'ar; 6s 1920, , .
inoon Mu Piii-im- Us. . .
3000 Nat Tills- 6s
illllio N V ' t, S 8 'An..
"000 .V V C-At C rii :l
inniiii .V v c ft H 3'4s.. tiM
:ioon N Y C lis Ill'
311100 N V C ft llllil 4'4 06',
lliilll .' v city 4 lis 1H0O.III2
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looo N Y (Jus II ft V Is 811 'a 10 '4
filHIO M .XII ft JL 4M lllilli Si
40011 ,N V HHV riT IS
I60110 M Y Itwy ndj Cn
91100 N'orf ft Vi'S Poih
6000 Nrf ft West I)
r.ono Niirf ft Wnat 4s
2000 Nor Pne prior 4s
11000 Nor Pile Ki-ii 3
joon out I'm? r,s
Is
moo ore Short 1. 1st 0s. 109
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86 5
br.j i)6i 064
loiji loijt ioi4,
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86 's
IRREGULARITY RULED
ON NEW YORK CURB
Early Advances Followed by
Itcactions Due to Political
Developments
NHW YfltUC, l'cl). 21 Speculntlon III
tlio mnrkpt for oiitsldo securities today
wiim fnlrly nctlvo niul ntlcr n. rrcncrnlly
firm oieiilnjr, with a furtlier iiliturii In a
liuinlier of the Iriiillnrf spcolrtltleu before
mltttlny, icnewoil iirr-iwuro ilovelopeil.
which carried the list down from 1 to B
liolntH. Tho ivonklirsM was largely nl
trllnitcd to new tmlltlral clovelopnictits.
Toliucco I'rndtictH, which lm been tho
leader for tho Inst several days, developed
HtretiKth at tho otilset, ailvniiclntr about
1',4 iiolnts, but siibseiiuetitly broko from
tho hlRhost, rallylni; only feebly. United
ClRiir Ktorcs w. I. was olTcrcd down 11
point. ItlUcr & HeKPinnn rased off .
Aetna Mxploslves. on rather heavy of
feiliiKs, sold off a point. Atlantic Clulf
atul West Indies, nflcr a show of linn
ness, reacted. DrlKBH-Kenbury, on tho other
hand, on small purrhases, moved lip over
two points. Mldvnte Htcol sold ox-rlRhts,
and on comparatively small dealings do
I'llucd more llinti a point. .St. Joseph head,
uotwltlistandlnrf the ncrelloit rcort nnd
Increased dividend, failed to respond.
Oil storks were feutiircjess, with tho
pxrppllon of Hip low-prlred slinros, whirl)
developed nil easier tone in sympathy With
tlio balance of tho list. '
f.'oppor stocks was likely affected. Ken
necott, titter moving l))?4 cased off .
(Vrro do l'asco sold uxtllvltlcntl nnd de
clined ',4.
lloiids Voto it sliiulo easier, but less
nctlvo with tho exception of Mlilvato us.
which woro offered rntlicV freely around
911.
INUUSTItlAIiS. . . ,
ltlil. Ask.
Amer-ttrltliih Mfrr S5 .12
All (liilf SWISS 29 '4 31
Do prrf 40 IS
Aini'rliaii Mar mn I 3", 3Ja
AJax IlillO.'T lltt ' I , 72 Ii 73 U
t'linaillHti Car ft fViunilry 03 08
Can car ft IMy href 83 88
Clu-vmli-t Motiin-nr : 131 130. .
ClniiiilliT Motors 92 9214
Curllss Aemiiliino 47 66
Ciihaii 1 'iinc Himnr 61 61 '4
DrlKimKenhury UII HI)
Hinerson 13 13',
J'nkPlI ami Parker Car ; It l',4
l.er.ilep MaliiiriK'turlni: 27 Wl
irrnoiionai .iirrranuie .iianao. lift 1:1
Sales in Philadelphia
in..
Is 89-U
9114
11 :i '.
93 Ji
06 '4
81
77
111.
so,
Oil",
0.1 1 1
03 "i
Oil'?
96 la
100
102ji
MliK
1.. .y i .. r. t-
111 n-.ii niiiva
ill.
Oll'.i
99
mi
S2'fl
in:
90'i
n; (.
SB'S
117 '.J
I7J5
9 9 '.4
5si?
(,rtV4
1000 Pa UIMl It 448
60110 l'a rn 1'4s
looo lvnmi I14n 1921 .
looo P11I1 S'-rr N .1 6s .
6000 il. 11 Ir ft H 6s ...
IllllO.llinli Isli.ml ts ..
1000 IIih-Ii Island rfd Is
1000 llncli Island 6n . .
looo stand Has Mis
1000 Seaboard A 1, 4s.
Otltio Smith . I'.u fv Is. .
Iir.dll lf i. rit 1 11 6K..106
soon South I'm- rfil Is.. 90W
31000 Mouth Itwy B.'ll 4s.. 72'i
6000 Smith Itwy con 6H..I02"i
lono Third Aw new 4b... 82a4
8000 Third Ave odj 6s.. Ml 'i
7nOO 'I'nl l,m K' IV in... 60
oooo Trl-Clty 6h loo'l looV,
aaoilO li S Itnalty SB 72V 711
12000 it s Hulihir Os 10354
aiooo it s sii'i'i 6s s !. .ior '
1000 Union Par 1st Is... 0791
oooo I'nlon Par uv Is.... 9 1
1000 Un Itwys S !' ls..M3'4
6000 Wnliash 1st 6a nil's
I looo Wah-P T 1st it 4s. l',4
2000 West Mil lsl Is. . . 72
2000 IVost Shoro 4H '.'I',
1000 WoMt I'nlon 5s.... 101"
I,
!'5
SS"!.
106
oo1)
72
102i
82.
h.lll
no
lo.i1,;
101
97 "i
91
4 3 '4
10l4
1'n
2000 Wlsron Cent m-n Is 87
91':
101'.
87
S8
1054
90
72 '4
1 02-14
82 l
83-n
69
100 4
7IJ4
K)3',k
105H
97 4
91
434
111 1)4
I'.u
91 '4
101 1,4
S7
0 1,4
-I
. 1?4
. 0
. HH
, 11:1
. .1.1
.1110
. 211
.1111
: ,' i
. :i.
. .,n
I'oto! Mile. S'l,. 11.1.001), conuiari'il i.lth
,s:l, III;, 0011 l.i t Moinla.
Financial Briefs
The Stock 1,1st Commiltee rules thnt
until further notice deliveries for transac
tions In Philadelphia Itiuilil Transit Com
pany votlnt' trust eerlllU'iites 'xteinleil
and uiioxti-lnlcil shall bo by cortlllcntcs
atul powor odd lots, as well as hundred
shares except otherwise tuiet'illcil at time
of sale, nil bids and offers for anil sales
of Philadelphia llnplil Transit Company
votlmr trust certlllcates shall bo consid
er', to bo for tho uiiextended certificates,
and deliveries shall bo made accordltiKly.
Tlio A. Ii. Klrschbaum Company to
day declared an Initial dividend of 1 por
cent, on tho common stock, payahlo March
1 to holders of record I'Vbruary "5.
ChlunRO iiackcrs report G.DOO.fiOO pounila
of lard shipped to HelRlum durltiB the past
fortnlRlit.
Harry Itniilinol, treasurer of tho Central
Leather Company, has sevurcd his con
nection with tho company. Ills successor
has not yet been named.
Kidder, I'enbody & Co.. on behalf of tho
syndicate. Iiavo purchased from tho AVIn
chester IlepeatlnK Anns Company 51C.
000.000 of their two-year t por cent, notes.
Tho bunkers announce that theso notes
have all been sold.
All American markets will bo closed to
morrow Washington's lllrtlulay.
Tho Now York Siibtreasury mined
J1,4CO,000 from the banks on Saturday,
makiriK u cash net Bain since Friday of
$2,375,000.
T'rlvato cables from London report do
creases In tho fortnlRhtly statistics of cop
per. Stocks amount to 8777 tons, com
pared with DOOS tons nt tho lieKlnnlniT of
the month, a decreuso of 1221 tons Tho
supply afloat, !)75 tons smaller, amounting
to nsso ions, nsalnat 7525 tuns. This
makes tho visible supply 15,327 tons, com
pared with 17,523 tons on February 1, a.
drop of 219G.tous during tho fortnight.
LIVE STOCK QUOTATIONS
eilli-'Aao, Feb. 21. HOHH. ltn-rli.ts.ill.nnn.
Market. ,,e. hluher. MlxeJ and Ijuiihers. ST.7.1
is, 10; boc1 heavy. Js.'.T.ci H.ln; rouuh hravv.
ss.b.2IU Unlit. 7.7.1lfl h.3,11 I'lb'a. U.ii3M7.3U;
U.K. S.UKO N.:l5.
C.vrrr.K. llfcelpts. ls.nnn. Market ktrons.
10c. hlslwr. Ileevfs. (l.2.1.. 11.1.1: lows anil
heifers. .7seb.S; tn,-kers ami feeders.
.1.il.17.2ji Texuns. $il.7.1aii.i); calves. i'J
wll.
Slir.F.P. Itecelpts. 12.000. Market strong,
inc. hluher. Saliva and Weutern, ? 1.85 in
8.S0; lambs. $b.2511.50. WB
DIHECTOHV Ol' ACCOUNT,VfTg
Ceitulcd Public Accouutauta
i.AWiiK.Nuu e. iinowx & Jo,
1015 UIUIj tMTATK TltUST UUJjblNO.
UUHNS & Hl'UAICMA.V,
Tho liourbc.
ellev Hhrhicllfld
r-athiHllon llronzH ird ....
.-anhattan Transit
Maxim .Munition
Mlilvalo Steel
f'tls Hlevatnr
rnto niseulohr m 1
otto Hlsenlohr pfd
Pcorless Motor
Pnoln HiiKlnc anil Maehluo
St. .loMenli I,eail
S S ICresire v t
Standard Motors
Suhuiarlue Uoat v t v rtfs
TrlaiiBlo rilm v t rtfs . .
l'nlled Profit Sharlnit ....
United States I.luht (ind I
I' M I.luht and Heat Pfd .
U'hltn .Motors iv I
World Film IK
KTANDAItl) Oil, SintSIIJIAItll
Illinois 1 Sit
Ohio Oil , 227
Standard Oil of California Il'n
do New Jersey niK
do New York : 212
OTIIIlIt Oil, STOCKS.
Ilarrett OH
Cosdell Oil
Clialmers Oil
IrouHlou oil
Mldivest Iteflnlnl
Siiinili'ii
MININGS STOCKS
Mhintn
C. rro
initio C and V v t etfs
Hutu, and N Y
First Natl Conner
Coldfleld Meriter
HiM-la MI11I11K
I low.-
Jim flutter
Juinlio Intension
ICeunr.'olt Copiier
MiiKina Copper
McKlnlpy-liarritKh
Mines or America
Amission .Mines .'oiupauy
12H
2jl?
20
,111
12 7!
If) '4
flliJS
";
Up
r.li
til
17
is
:t
.: ri
San Tov 17
West i-lnii Consolldateil
1 est j'ind IJxtcnslon
IIOXDS
Krlo Itts
Ilaltluioro and Ohlu ,1s ....
C, rro lis
Mldvale its
ilx-illvldend.
. .nil's
..12(1
... D!)
!'
ils'i
11.1
nn
iiji
120
tr.H
in
n M
as
n
ii
1
nai
fin
i4
2211
:i7.'l
r,t 1
21.1
u
2UTi
8
(ill
1:1
20 !i
II
br(i
:ta
il M
17
ID.
r.?i
fin
1 :iin
.I.Tb
17ti
17
:i'i
in.
is
78
1 .1-111
mi
1IM
u:i',l
DIVIDENDS DECLARED
!'. IV. Woohvorth ComiianV. rettular quar
terly. 1 per pent, on preferred, payable
April 1 to stuck of record March 10.
Atlas Powder Company, regular 2 per rent,
and extra. .'!. payahlo March 10 to stock of
nord February 21).
National Curium Company. reKUlar quar
terly la4 lwr'ecnt. on preferred.
Dominion tllass Company, usual quarterly
1 ?. per cent on preferred, puyuhlo April 1
to holders of record Marvh 11.
I'UHLIC UTILITIES
Tho American Utilities Company, in Its
annual report to tho stockholders for the
year endlnp; January 31, 11)10, will show
very satisfactory Increase In earnliiKS.
Not Income nnd profit, applicable to pre
ferred dividends, for tho year amounted
to $511,71)0.52, its compared with $3U,321.8G
for tho precedlnu year, an increaso of
ovor 31 per cent.
Tho I'aclfle Telenhono and Tclcerapli
Company reports for the year 11 gross in
creaso of JS92,S5i',, and a decrease in net
of JDO.IIDS. Tho surplus after preferred
dividends was ciiual to 0.75 per 'cent, on
the common against l.SS per cent, in 1911.
Tho I'aclfle Gas and Klectrlc Company
has recently completed a pleco of engineer
Iiik work by which It Is enabled to deliver
electricity In San Francisco direct from
Its water-power plants in tlio mountains.
brlnBlUB It across the bay by .means of
two submarine cables between tho Marin
shore, near S.visallto, and a point on tho
San Francisco sldo In tho I'resldlo lies
ervatlon. Tho need for this additional
servleo Is duo to tho constantly Increasing
demand for electric llRht and powor, not
only In tlio city of San Francisco, but In
tho region around tho southern part of
tho bay.
YOU SHOULD
INVESTIGATE
Tho Krcurlty bat k of tho
Barnett Oil 8c Gas Co.
Kltu.itod In tho West Vlrnlnla UII licit
Curnlni; over fU.IO per day.
l'rodii'lin.- otrr 213 ItarrrU u day,
Mock 'Iruiled In on X. v. Curb,
Orders given prompt attention.
BfU tor Special t'bcular A'o. t.
E. H. CLARKE
27 William Street, N. Y. City
sVMxvTSJre-g-ysvf v; vysVlilli53Btefe: "
The Benefit of Over 50 Years'
experience in commercial banking at
the same location should be attractive
to those who require good and con-i
venient banking service.
UNION
National Bank
Third d Arch Sts.
Resources Over 310,000,000
ikj.i-bs4smmih wn
CO
11)0
loo
m
100
is
130
ho
a
100
625
690
HI
20
Uf..1
0!
00
JOS
34
too
.128
1X1
ni
350
17B
120
40
1.14
20
200
.15
13
4B6
2070
25
7
10
4H5
100
!llh
Am Illtvys 30
Am U ft IMy. M'.t
Duff H prof 00
Drill J l JS
Ohl lit W pref .15
Cam Iron ,,. 47
t.'am Steel.... 81
Cruel Steel... 80 U
63
.37
. 36
. 7.1
. 20
. 1IU
Mice Hlor . . .
llrle
lien Asp ...
.lo pref .)
tn.-t Co N Am
loy Tel Co .
I,nke Sup Cor 11 u
t.eh N'ov 77U
lli Vnl Tr.. 22'i
1,1 pr 41
.Mlnenlll Ml '4
North Central SS,,
l'cnna itiillril. (17'.4
Pa .Malt .Mfu. .102
l'cnna Hlrei.. 711
, .1,1 pref Df)
I'hlla Co .... 42
I'lilla llfiTtrle 2.
P It T trrtfs l!)!i
Phlla Trneilon Jf)'t
Itenillna 7R J
Tonopah Del. 4J4
Tonop.ih ..Mill. DJ
Union Trap,.. 13 Ji
Unit linn lm On
U S Htrel... S4.
Vlr I'nr Chom 47'i
W .1 & Hens. r,04
W I'rnmn & S "ii
York Itwy... It
ilo pref... 37
!,ov.
30
(OH
CO
37U
,1S
47
81
80,i
CO
.17
34
' 71 U
::'.4
14U
43J4
Bii'i.
11)2
'".
i?J4
m J
78 J
4J
43.
80 ft
8314
47l
604
70
in?4
37
Clone.
30
r.94
60
38
36
47
81
80 U
66
37
36
7.1
2Mi
14 U
11 14
Hvt
11
r,7
n2
?r.
us 14
42
.J-4
7!U
43.
8.1
r,o(5
'".
m?4
37
S'ct
ChBC.
1
i
'
14
3
l?i
tt
''.i
14
'i
i4
4
'44
I
7
''4
Total nle. ,10,73.1 lnirr, rnmpnreil will)
3.11'J7 uluirei lunt .1lonila,
DONUH.
1200
nnn
Moo
71100
3000
2000
1000
niooo
1000
loooo
none
lOoon
3200
lono
3000
-flnr
lllah.
Am tl A- Il 6s. 3',4
CIIV 314H 1922 96.
K i Tr 4s s2)4
Itar lller lis.. 103
Infer ltw.s 4h 6S
I, Nnv linn In 97 "4
1. N ron His.los'i
1, V mi i,4.UI2,!i 1
!.eh Vnl Co.ll.ltia
Pa Co B 4',4.t02l!li
P & .hi Ht (la. ion
Phil Co rn 6s 92,i
I'lilla lller Is. s4'.4
do Rs HH".
I'll Itys I e is 76
reasi1. licrrease.
Low.
9.1
96,
81 V4
10.1
68
97 Ji
103 ti
(I2-1. 1
I 111,
10214
1011
02";
81
l(14i
Close.
93
96
8214
10.1
68
97 i
10.1 U
02 Ii
1 on
I02'4
10(1
924
1 1) 1 .
76
Net
CllRO.
-f-Hi
'14
'V4
Total xalei, S'J7,H(M), rompareil ulth 183,11110
IiikI .MoiiiIii.!,
Local Bid and Asked
llalihrln
Iluir .Sua t
,1o pr
Drill, .1 (1
Cam Steel
Illee StoniKO
tieu Asp
do pref
Iny Tel
ilo t e
ilo pref
t,ako Hup Corp
Lehlch .Vnv
l.rhluh Valley
behlirli Vnl Tr
ilo pref
Pennsylvania
Pltll.i Mlectrlc
Phlla Co
do 6 per rent. pref.
ilo 11 per cent. prof.
Phlla ltaplil Transit.
lo t
Heading , . . .
Ton llnl
Ton Mln
Un True
IT tl I
If H Steel
York Itwy , . .
do pref
Win Cramp T C
Twin
lll.l. ;
101
10
1:0
38
81
.r. '4
??'
2214
1.1 J,
27 t
4 2
3li ',4
II
19 '4
lil'4
l
43 Vi
89 .
8.1,
11174
:i7',4
109
42
CI
39
StU
111!
.1CV4
74
II '4
1 4 !'j
711
77
224
41
r.7'4
28
42'4
38
4 6
20
20
78'i
4j
14
90
8314
11
38
70 ',4
Holnrilav's
Hid, Asked.
109'
41
l',0
30
81
I16J4
09
42
61
39,
60
33(4 34
7!!4 72
H'i
H'.i
r,9
ll!i
77
77V4
22l.
43
67 M,
27 i
42
37
44
19'4
1 9 ',4
78
0i
4.114
881,
834
10i
37 ',4
72
us:
144
70
11 W
77 'A
78
22 V4
4314
67 li
28
4.1
38
4 44
20
20
781,4
414
6 '4
434
89
81
11
38
7(114
Rapid .Transit VotiiiR Trust
The Fidelity Trust Company, DRcnt for
tlio voting triisteeH of tho fock of tho
I'hllailclphln Itnpid Tran.slt Company, nli
nounec.M that -'22,710 share.M have assented
to tho extension of tho vothiR truat aRrec
ment Tho voting trustees have In
Htructcd tho iijrent to continue to receive
votliw trust certlllratcs and tlio stock of
tho company for the purposo of Htamplnp
the assent to the extension Tho total
capital stock Is (100,000 shares
Deposits Increased Nearly Twenty
two Millions
An Increaso of $18,630,000 was reported
In tho surplus reserves of tho local clear
ing house Institutions for tho Week, De
posits roso $21,70,1,000, while loans fell
$3,105,000.
Tlio cause of theso unusually large
changes was iho settlement of tho Cam
bria Steel deal, payment for which was
mado In Now York, but the funds havo
been Altering back to Philadelphia for
nearly 10 days. Tho country banks, too,
have been sending In funds, wherens there
has been little demand for loand. The
comparative (iRUrcs follow:
T'Vh. St. I91A. Incf-nnon
J478, 24.1.000 J.1.48S.0OO
i.Hi, a n, on a zi, 70.1. 000
iu.iiun.utio
8n. 077. 000
186.373,000
20,262,000
130,946,000
7fi.017.000
66,028,000
Loans
llmosHs (Ind.)
circulation
Dun from hanks
Orposlts of hanks, . . .
tlxrhance Clear. House
Deserve held
Desorvo required . . . f .
Mnrpius
07. nnn
It. 314. 000
9,696.000
1.071.000
21,703,000
3.173.000
18.R.in.nnn
niirpui', uoocr 010 loroi, rcoruary ii. 19ir.
$31. 796,000; I'clirllary. 23. 1914, $18,927,000:
February 21, 1913, $7,207.0001 February 19.
1912. $14,230,000; February 20. 1911
$10,303,230. '
Decrease.
HAR SILVER
In London today commercial bar sliver ad
vanced rm to 26,i,d.
. Commercial bar silver In New York wns
66 s ccnls, un '4 cent.
Capitalize
Your Profits in
Cambria Steel
by investing in
High Grade Bonds
Meiiil for list of ofTcrlngn
MELLOR $ PETRY
Members N. Y. A I'hlla, Slock Irlinncei
33(1 tOM.MKHCIAI, TltUST 11UII.DIMJ
R.A
8
PUBLIC SERViTR1
.SHI I W1TIDC
. . 1 ILu w
rubitc service Sccuriiie.
arc a Ucn on the success n
communities. '
"r.Yv c "'"ct your conaiderati'na i
. Fmt Mtge, Sinking FuJ "g,
JJontl. uia
C, Netting 6 per cent, j
Cyriie net earnings of company iMu' 4
same beinij approximately 3 timei ,, J
lnicrcai, -
1 The properly is conSemtvtj
appraised by outside parties t, L'l
more than 50 per cent in excess of out.)
Q Onrned'and operated under m,1
management for over fifteen ve
tX D !...: 1 n. 1 . ." '
II ,1 ucrai lnCORit"!
tax paid by the company. '
C Complete investigation requeitej. j
liaKcn Aynrvg s Co 1
Ldnd Title ETldg. Philafpljg 3
StoclcsBonds
Cotton Grain
Approved Curb Securities
Bought Sold Quoted
HUGHES & DIER
Hanker and llrnltrn
1435 WALNUT STREET
A DIVERSIFIED
INUESTiVIENT FOLDER
In making up the list
the real factor was
safety. The yield has
not been lost sight of,
as is demonstrated by
returns of from
4y2 to 6.60 i
In the Folder will be
found Tax Free Gas &
Electric Go. Bonds,
Railroads, Public Util
ity and Industrial is
sues. Circular on request.
Reed A. Morgan & Go.
WKST KM) TltUST HUIMHNU
l')llUl)i:i.l'HIA
Memoem of Iho I'hlla. stock Hxchango
National Bank
Currency
was first issued to the First National
Bank of Philadelphia. Under the opera
tion of the Federal Reserve Act this
currency will eventually he retired, c
still have the original note (Al) and
shall he plcasdd to show it to any one
interested. Though proud of its his
torical record, this hank takes greater
pride, in that it is equipped and conducted
for the highest class service to its customers.
The First
National Bank
of Philadelphia
315 Chestnut St.
H
Frazier & Co.
INVESTMENT BANKERS
ANNOUNCE THE REMOVAL OF, THEIR OFFICES TO THE
NORTH AMERICAN BUILDING
(GROUND FLOOR) '
N. E. CORNER BROAD AND SANSOM STREETS
PHILADELPHIA. PENNSYLVANIA
if lUM )
The
oard of
Directors
H. W. Diddle
Thomai DeWitt Cuyler
Arthur E. Newbold
C, Stuart PatteMon
Samuel Rea
Sidney F. Tyler
Horatio G. Lloyd
Samuel T. Bodine
Henry Tatnall
J, R. McAUitter
Robert K. Caiiatt
William C(Sproul
Charlemagne Tower
Morrii L. Clothier
Charlton Yarnall
John H, Maon
William M. Barrett
John P, Crozer
John Cadwalader
E. W. Cu rk
Howard S. Graham
Clement B. Newbold
L. E. Johmon
Harry A. Berwind
Sewafd Proner
William H. Barne
Ca.par W. MorrU
Commercial Tttist- Company
City Hall Square
w
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M
ll
rol
ot
is
Ctf
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Fir
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not
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tv
10
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101
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rrt
sm
is
ilo
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lor
lit
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vt
cur
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tv
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cur
tl;
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iVi
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11.
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iro
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if
j. u, iuiimmh ml, iiujurer,
j.i. 4-1, ,.J.,.H