mfMn.mrm, ximvMwmmfmrnmmmM.mmm
10
!
EVENING LEDGER-PHILADELPHIA. WEDNESDAY, FEBRUARY 23, 191C
FTNATMnTAT. OTWfi
- . . i, . I,, I
BEAR TRADERS DEPRESSED LIST;
;- OUTSIDE PRESSURE WAS ABSENT
Industrial Alcohol Raided on Statements That Annual
i Report Will Be Disappointing Marine Preferred
Fell Nearly Four Points in Afternoon
New York Stock Sales
Lastilen. lllh. Low. Close.
Alaska J OotdMfncj.. OH Wi DM OH
Alaska GoM Mlnei.... 22H
Allli-Chalmen Mfe,... 30K
Allls-Chalmcrs Mfg pf. 811$
Am As Chemical. .. . . . "OH
Am Ae Chemical pf. . . 07
Am fleet Sueat.. 71
Am Can (12J
Am Can pf Ill
Am uar A Fdjr nwt
High Points in Today's Financial News-
Warehouse prices of plates advanced $10 a ton by Carnegie Steel
Company. Bars and shapes boosted $5 a ton. Demand for all kinds of
steel more urgent. E. t. an Pont da NcmoUrs and Company declared regu
lar quarterly dividend of 1 1-2 per cent, on common and extra of $5 in
cash and $19 in Anglo-French bonds at OS with interest. Inspiration
Conner directors not to consider dividends at meetina tomorrow. More
i gold arrived at New York from abroad. March dividend and interest
disbursements win aggregate $141,1x7,504, against $117,V81,135 last year.
More favorable railroad earnings for January.
22W
30K
81 H
70H
H8!
"Mi
(H
111
7(( 09
1C5U 105
10)( 10U
22) t
30).
81M
C9U
mu
70
(V2J
22H
30) i
mi
09JK
08U
70.ir
03!f
110H lMJf
WH
IK
60U
SOU
n
70
no
2.1
in
05!
102
lOJf
fiOtf
,'!0
23
II
70
103
NEW YOItK, Fob. 23.
Bear traders found enough oncourtiBcmcnt for operations on the short slilo
from what they called "whisperings" from Washington to depress some Issues
'sharply during tho early trading. These disquieting "whisperings," however, did
not disturb tho moro solid clement, which pays llttlo heed to tho variations In
tho diplomatic and legislative outlook.
Statements that tho annual report of Industrial Alcohol wilt be disappointing
J,',Wcro Used as a reason for raiding that stock. Tho annual meeting Is scheduled
for March 14. Tho company's war order business began last May and It could
reasonably bo assumed that tho war order prollls would bo reflected to a great
extent to tho statement for tho year ending December 31, at or beforo that
Stockholders' meeting.
For a tlmo during tho morning tho general list was depressed by tho bear
traders, but It was a matter of comment that thcro was no outsldo pressure,
Instead, tho declines brought In buying orders In moderate volume. A fcaturo
-of tho nftornoon session was American Locomotive, which ndvanccd 5 points.
Crucible Steel also Bhowed strength. Ucthlchcm, on tho other hand, lost 8
points. Anglo-French bonds were nctlvoly dealt In.
Dullness In the market was dispelled for a tlmo In tho afternoon when
vague rumors about two German cruisers escaping from tho Baltic nnd threat
ening havoc to vessels on tho Atlantic wore followed by heavy sales of Marino
preferred through threo prominent houses, causing a break of nearly -1 points
In tho price of that stock. While this demonstration of weakness was In progress
Borne stocks receded fractions and others about a point.
Tho leading stocks fluctuated within extremely narrow limits throughout
tho day and only trifling net changes were shown In such Issues ns United
Spates Steel common, Anaconda nnd Erie at tho close. Exchango on Berlin was
weak, with checks selling at 73.
t Readjustment Plan of Minneapolis and St. Louis Largely Approved
Notlco of a call for tho special meeting of the stockholders of tho Minneapolis
arid St. Louis Railroad, to bo held at tho company's offices at Minneapolis on
May 15, to act upon the plan of readjustment, has been Issued nnd will be mailed
today to all tho 'stockholders of record. A circular accompanying tho notlco
states that approximately GO per cent, of tho shareholders have already given
their aBscnt to tho plan, being within 15 per cent, of the amount required to
.make it effective. ,
March Dividend Disbursements Large
Dividend and Interest disbursement to bo mado In March will nggrcgato
$141,127,504, compared with $117,981,135 In March, 1915. Dividends next month
total $74,227,504, nn Increase of $18,346,368 over a year ago. About one-third
'pf tho increase, or $6,353,781, Is duo to resumption of the quarterly dividend on
United States Steel common stock. March dividend payments this year and last
are apportioned respectively: Railroads, $23,647,619 and $23,185,934; industrials,
$48,371,818 and $30,500,131; nnd street railways, $2,198,067 and $2,103,070.
New York Brought More Gold
Tho steamer New York has arrived with gold consigned ns follows: Eight
boxes to order, three boxes to W. E. Brown, two boxes to tho Canadian Bank
of Commerce and ono box to R. H. Ingersoll nnd Brother.
Not to Consider Inspiration Copper Dividends Tomorrow
At tho meeting tomorrow of the directors of Inspiration Copper Company
there wilt bo no consideration of tho matter of dividends, but this will bo dis
cussed at the regular meeting in March.
Am Coal rroducli Inn
Am lltdo & Leather... 10
Am Hldo Ah Pf fil
Am lco Securities 30
Am r.lnseed.... 23
Am Mnsccd pf 42
Am Locomotive flAW
Am Locomotive pf 102! 103
Am Smelt A Kef 102H 102 100 1005.
Am Smelt ltefpf...llaj 112 112 112
Am Smelt pf A 03Ji 034 031j 1)3! j
Am Steel Foundries... (Vl'f 5IW MH 64 If
Am Sugar lief H3!f U25 112! 112f
Am Sugar Hcf pf 117U 118 118 118
Am Tel A Tel V27H imi vnu lt!7
Am looacco pr now. ..10..5S KMi 100 100
Am woolen lr rets 184 A))i
Am wooien rr t r. . .. 08)5
Am ZlncL A Sm 823f
Anaconda Cop M 8l)'j
Asset, localization 0
Associated Oil 07
Atcn Top AM 1' 103
Atch Ton A S F Df. ..Hlltf W'i mi! lll-J
Ualdnln Loco Works. . 1084 109H 107J, 109
llald Loco Works pf. .10!) 109H 109 109M
Ualtlmoro A Ohio 87 80J 80Jf 805J
Ilaltlmoro A Ohio pf . . 7"i!f 7.rJ( "Mi 7&H
llatopllas MlnliiB 2,'f 2Jf 2Jf 2)(
Bethlehem Steel 4S0 475 470 470
Brooklyn Hap Tr 80)f SO.'f 80!f HdH
Brown Shoo 63 fi.'1'f S3' 63,'f
Brown Shoe pf 07 Vttii OOli 1)0!$
Burns Bros pf 109 105 103 105
Bush Terminal 1184 HOJf 110U 116Jf
Butto A Superior ll.ljf 01 03f 03J
Cat Petroleum 30H 30K .'tow aoif
Canadian pacillc 108M 109
Central Leather fiM 5M
Chcsapcako A Ohio... 01'f 01)f
Chllo Copper 23'f 23'f
Clilno Copper.....'.'.'., MIU 69
C?W & Alba 10H 8
CM .Mil X- Ml ii i-.n n
Chi .ll & Sl p'p'r'.'.'.'.iosjj ii..8j$ jojjtj I28jf
BRITAIN KEEPS
EXCHANGE LOW;
CUTS IMPORTS
Gold Exports to U. S. Do
'Not Pay Under the
' Present Rates
,... I
Sates in Philadelphia
COL. HOUSE IS PRAISED
984
83J
895 i
04
71
103.4
I7M
82
mi
04
07
101
48rf
084
82
MM
04
71
103i
1084 109
G4H 54?f
014 am
23 23
68JS GSJf
8 8
!)i 04J(
IRREGULAR TREND
TO CURB PRICES
"Driggs-Seabury Depressed and
Oil Shares Generally Heavy. (
Coppers Steady
New York Bond Sales
2500 Adams Kinross 4s.
1000 Alaska Cold cv 6s.
Hlffh. Low.
NEW TOniC, Feb. 23. Spepulatlon In
.the market for outsldo securities today
was marked by an Irresular price move
ment In the early dealings weakness
developed on comparatively small offer
ings, but later good rallies set In on cov
ering. Mldvale Steel was comparatively
iulet at a range of Vi point. Tho rights
ere active at a small recession; tho
bonds, however, were extensively dealt In
at a range of U. Aetna Explosives were
offered rather freely at the outset and suf
fered a loss of IVi points, later rallying
slightly. Submarine Boat eased off on
small dealings.
DrlggsSeabury declined about two
points; Ajar Rubber, after a small re
cesslon. recovered. Atlantic Gulf and
TVest India Steamship developed a
stronger tone. The common moved up a
point and the preferred 2. Cuba Cane
Sugar lost a half.
Oil shares were generally heavy, espe
cially Cosden, which dropped two points,
while Cosden Oil and Gas was down a
point. Wayland Oil and Gas moved
within narrow limits. ,
Copper stocks were generally steady,
JCennecott. after a recession of ?, recov
ered all. Cerro de Pasco at one time
showed an advance of two points, but
likewise fell. Bonds were generally quiet.
With tho exception of Mldvale Steel 5s.
85
110
5
95
104
SO
in 4
106 la
70
64
01 V
!2?t
. 1UI "
INPUSTRIALS.
Am British TAli ....
ah Quit twins
-' do pr ..,..,
sAro Jltrconl
rAjax uuowr ino
Canadian Car at Fdy
uanaier aiuioni .... ...,,.. ?.,
Cuban Cane pusar 61 Vi
h KJy vrd
ClMvrolet Motor cai
can
Bid,
31
31 ;
133
Asked.
32
50
1
7!
10
(8
135
S3
5;
55
Ut..
13U
ii
iO
IS
IS
72
:z
114
e
65
,loo 1014
D
:::ill
j:
Curtlss Arrou
Urfrgs-Saabury
Kwnrman ...............
Haskell A Darker Car ,., 48
llenare Aianuiaciuring- , 21
Inter Mer Marine ,17
Inter Mer Marine pfd 70
Keller SprlnaneW 704
Kalhodlon Uronse p(d .., , 21
lUnhattsn Transit ,, , 1
Maxim Munition ,..,.,,, , 5
Mldvale Steel , 87
rtrla KlAvatnr II
Qita Elsenlobrw 1 .............. 55
VmrtMK Valnr . .- . .
i-ool cne t iiacn ....,,...,.. ,,110
Ht. Joaepta Lead ............... 154
8 a Knags w 1 144
Stand Motors a
Uunmarlne lit v t e ct(a ........ 4
Trlaiule Kllm v t ctf a 4 i
United Protlt eharlns .,...,,...,. 1
U S Msht Heat ......,.,,...,, 3
U BX.Iht a Heat pfd ........... 5
Whlla sfnlors ytt 1 ............... 49
WBtWiniin... 5i
STANDARD OIL SUBSIDIARIES.
Illinois IK
Ohio Oil . , 231
B O of California 370
H Q of, Mew Jersey .,......,,,. ,501
U O of tie York Ill
OTHER Oik BTOCKB.
Harnett Oil ,
Coaden Oil
Cosinura Oil
tloustou Oil ,..,
.aidwest Ileflnlne ,
MININO BTOCK3.
Saculpa
Atlanta
Cerro
llutle c A Z v t ctfa
Butts New York....
First National Copper
Uollllvld Merger, .'. ..
HwJi Mlnln-
I
ft
8 ..S
iff
in
2
5
1
5
lit
tit
373
514
"I
23U
8
20
1
114
l
'.
t
tawe Bound
31m BolUr Ii
Jueit Extn 14
Ksnnacott Coppvr 58
M1)KluWrP"t 45
llUia el America, , 2K
fltoi(nT Mloe Co...,. )i
8jan w ,..,,.......,.... is
.Was s" oa it
fciBa. f,. IJU
12
II
414
7
'!
II
BONDS.
laaor & ohia as.
aJ M
:llfi ffi
Hivn 34s.. 9l 964 914
!l 1st 6s...l034 103I 103i
6s 1024 1024 1024
794 794 794
fiDOO Amor l Go
594000 Anslo-t'r I, 5a...
1000 Am Hide & I. 6s.
1000 ArEentlno 5s ...
8000 Am Hmelt Bee 6s
3000 Am Tel cvt 4 4s
3000 Am Writ Pan 5a
1000 Ann Arbor 4s . . .
6000 Atchison sen 4a .
7000 Atchison adj 4a .
5000 do CV 4s 1960 .
1000 do 5s
2000 Atlnn Co Lino 1st 4s 924
SOOO Halt & O 3 4s 93
2000 do 4 914
4500 iloev44s 974
6000 Haiti OHivn 34s.. 914
uuv uciii aieei
28000 do rfd t:
uuu a ii t 1a
3000 do 6a inn
3000 do 6s. 1918 101
1000 Cl Oas It EL 5s 984
6000 Cent Iath 1st 5s.. 102
4000 Cent Pao 1st 4s 904
1000 Chill Copper 7a 1324
2000 Ches fc Ohio cv 4 4a 87 4
1000 CheB & Ohio 44s.. 924
1000 Chi & Alton 3s..... 694
-1X22 HS! Nwn "" os
20000 Chi & Nwn 5s '87.110
3000 Chj II A Q Joint 4s, Bltf
3000 Chi 11 i (j pen 4s.. 94
1000 Chi II & Q'lfl 48?: 95
11000 Chi M 4 St I' cv 6s. 1074
6000 C At A tit V cv 44s. 101
6000 C M tt St ! f d 4 4s 944
1000 Chi .Mil & I B 4s. . 91 g
2000 Col Industrial 5s... 76
!2S2 9. & Boutn 4 4s.. 864
8000 Cuban Am S Cb 1024
7000 Cumberland Tel 6s. 994
9000 llcl Sc Hud r f p. ..1064
2000 lien & Itlo Or 4s... 78 4
18000 Den & ltlo Or rfd 5s 68
7000 Detroit United 4 4s. 77
18000 Erie Ben 4s 75 4
1000 Eria Pa col 4s 89 4
1000 Erie prior 4s 88
6000 Great Nor 994
1000 If Itrl A- Mnn In C 4,
4000 Hurt iz Man rfd 6s! 75
iuuu inoiana meet ba
1000 lntprh Mar 4la
nooo Jnterb It T ref 6s..
28000 do ct 44s .,,..,
6000 Jap new O 8 44s..
21000 Lacka HI 6a 1923..
11000 Ijons Island rfd 4s.
5000 IjjuIs Nash 4s ..
1000 Manhattan 4s
2000 .Mex Pet 6s Her A.
tuuv iiiex ret ss Her c
1000 Minn 1 Ht tn
1000 Minn Bt 1 S 3 M 4s 634
9000 Mo Kan & T 1st Ih 77 it
dvvu jam jBD d I 2U 4S,
1000 Mo Paa 5s 1920...,
1000 Nat Tuba 6s
tuuu iw x & t'ut 4s,
SI '4
110
86
94 4
104
SO
1114
1164
70
64
944
ns
Close.
85
110
85
94 4
104
90
1114
1064
70
64
944
88
r"' I&l'ae 184" 10
Clue t Pe.i .t- r T' Tl
Col Kuel A Iron...... 41M 45
Continental Can 81H SIK
Continental Can pf. .. .105 100
Consolidated Oas HMU 134! i
Corn Products lief 2li 22!i
Corn Prod Ref pf om 00
Cruclblo Steel.'. 78JJ 804
Cruclblo Steel pf n;t)f 1BU
Cuban-Am Sugar 108 10.')
Do awaro & Hudson. . . Ml 1C1
i.ci Lack A West IIL'S 21!0
Detroit Edison i;is
Distill Sec Corpn Klf
Domo Mines "45i
Kfo anjj
Krlo 1st pf ft)
KrloL'd pf 40JS
Fed Mln A Sm pf. ... ,r,4!i
General Klectrlc 171
Ctoneral Motors 4b0
General Motors pf ll.'Ds
Joodilch 13 F TU
Granby Consol 02H
Grecne-Cananca 48W
Great Northern pf. . . . 120)
Ot Nor cfa for oro pf , 444'
18,4 18'i
70 70
1 1 45
81U 8Ui
100 100
1314 134W
21J4 22M
OrM 05J
8)i
US
lOo
l.il
220
mi
115
105
151
220
13S( 138.4' 13S4'
Wii
234'
30H
52Jf
40
S3
170
ISO
113J.
7155
02
47'f
Illinois Cent....
Int Acrlcullural pf. . .
Int Harv N' J
Int Harv Corpn
Int Con Cor v t c sh
Int Consol Corp pf. ..
Int-Mct v t cfs
Int Paper
Int Paper pf
Insp Con Cop
Int Nickel v t cfs....
Int Nickel pf v t cfs.
Int M M cfs of dp...
Int M M pf cfs of dp
103!
044'
110.4
. 70
17!,'
74
17
10W
47
404'
4S5J
110
17!.'
71J,
17
24
37
52! i
40
53
170
ISO
113).
72
02H
48
121
45
Kan City Southern 20
1034 1034
1014 1014
924 924
914
97
914
854
1024
99 4
106U
78 4
68
77
1Q?4
98U
III
92 4
..111
.112
;t
. 46
. 80 4
.lOPi
. 89 4
. 83
fl'U
7000 N Y C Sl Hud lU ir.
65000 N Y Cent 6s J 144
3000 N Y C Ii Ht 1. 4s, 944
6000 N Y City 44a 1960. .1024
VkkH i. tto 4 ' " ssu
" I 1 1 t I OS.
ilOOO N Y C & H Z'h'a'.'.,
OSOOO NYC alluJIi,.
sj
76 4
994
87
954
92 4
111
113..
62 4
tit
46
804
1014
S9'i
89 4
tliTl iiit mil
3?9 y.nwy rf 4s..,. 774 774 774
iu pi x jtwy aoj os... cm iik iik
sdl Ss
JXXX a fJ?.'" : ' I"
-rvv .. . Hcll .nn.. 91U BJ
5000 N YWC4II 4Vis. . 80
--.r iluf "ess s.,.. sa,i
3000 Norf West D 4s,. 90 4
17000 Nor
vuu
93 1;
90 V
3
144
22
80
934
,. um vu bu
rlor 4s,, 934 934 834
Is 64 664: 664
6s, .,,.,1004 1004 1004
et 448,1084 1027. 1024
954
?H
II
100JJ
88 4
ju
I
J !!" IS
4 10S4 1024
.. 11.
As B Lref 4s. 874 874 UK
Co ..... ...teitl 1054 1054
Ave ad! ..,. 13 1ST. 55Jr
1'aa nrlnr
ua iren 3
.uuu j'acino tel
18000 I'enna ten
4000 do en 44s. ,.,,,108
siooo Rep ir ic srei:.:: 89
6000 Hock Island rfd 4s, 67
8000 II wy Ht 8ps 6s 1931 95
2000 BtlJUSQ 4a.., 80
3000 Htand MU1 6s ! 98
2000 Han AAr P 1st 4s IT
1000 Houth Hell 6s..,. ..1004
1150O do cv ret fp ls.,106
JI00O da rfd 4s 90
4000 tioutn (wy sen .. 72
1000 Houth Kwy con 5.. 102
1DUO HftV fja SE W S8....131
zuuu -rerm as ( u ret is
looo reias
6000 Third
13000 Toltlo 6a ,
1C000 II S Realtr 6s. .
ZOOII U B KUDbSr (S...
11000 V 8 Hteel 6s af . .
6600 Union Pao 1st 4s
leOO Union Pao ov 4a.
1000 Va Car Com 6a.
1000 Va Itwy P 6a..
7000 Wabash. 1st Is..
2000 watiaan za ss
10000 Wab-P T 1st ct 4s. .
1000 West Md 1st
tOOO West Shore 4s
2QQ0 Wlscon Cant n 4s.
Totul sales. f3,07.0OQ. Tompjred with
JJl.i00 Mondayi thus far this uk, 68,617,.
OOSi fuu period Ut week. 9.81t.l6o.
DIVIDENDS DECLARED
British-American Tobacco Company, Interim
24 per cent., payable Marcb It.
Swift t Co.. regular quarterly 2 per cent.,
parable April 1 to stock of record March 10.
xqooiwu pvituvuv mvvtupwvai. ijyt per
Lack Steel. . .
Laclede Gas
Lchlch Valley
Leo Hubbcr & Tiro
Lone Island
Lorlllard P Co
Mackay Cos
Mackay Cos pf 07
May Dept Stores 55
May Dept Stores pf
.Mat well Motors
70U
.100
. 77! J
52! J
. 21JJ
.10SJJ
80H
40!
23
30! a
52) i
40
53
170
470
113!e
71
0.'
47,4
1205. 121
41! 445 i
103W 103M 103t
04!S OUi 01!S
110!f HOJi llOJi
09 00 00
175. 17K 17! i
74
18
10a
40H
40
48! i
1114' lll'i 1114'
m ioh ie!i
0S!f 004'
2514 25H
70J4m78
100 100
77
52
21
108
80!
07!i
53
744
18
11
47!
40.4
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74
18
11
47
40
48
VA
2,-iJ.
78
106
774'
524
21
108
81
G7Jj
53
llHli lUlj 1UJJ1
UWi OflK 05
7
52
21
108
81
07!ii
53
102H
05!i
80
50)5
54'
174
By FRANCIS W. HIRST
lldltor th1 Kcotiomlnt. Indon.
Sprctat Cable to the KvtMna LtAocr
I,ONno.V, Feb. 23. The House of
Commons wns Komcwhnt rcllcveit Mon
day night by -learning; from the Premier
nnd Chancellor that recent estimates .of
expenditure liavo been exaggerated. Itcftl"
nald McICenna Rtntca that the debt servlco
nnd civil service together nro now costing
nearly half n million sterling a day nnd
the expenditure) on tho war Is 3,400,000.
llo anticipated that a 5,000,000 limit
would bo reached by tho end of March.
To critics who complained that Ameri
can exchnngo has not been raised to pnr,
Mr. McKcnna replied: "At tho present
time American exchango Is kept at J4.7G6
to tho sovereign. Wo do not wish Ameri
can exchango to go nny hlghor than tho
figures I liavo given. Absolutely normnl
American exchango would bo nbout $4.86.
It Is 10 cents below. Wo do not wish
American exchango to cither go up to tho
normal or nbovo It, for the very Simula
reason that wo aro discouraging Imports
by keeping exchango n llttlo below par."
This verbatim report should Interest
Wall street. Chancellor McKenna nddod
that with tho present freight nnd Insur
ance gold exports to Now York do not
pay, though exchango Is 10 cents uelow
normnl. Altogether Mr. McKcnna was
remarkably optimistic.
Meanwhile, Kdwln S. Montagu's speech
at Cambridge reads like a recantation of
free trade, but even If the Liberal min
isters turn proforontlallst they will en
counter great difficulties and obstlnato op
position. Tho chambers of commerco wns
predominantly Protectionist In 190S, when
tho great Kreo Trade victory occurred nt
tho general election,
Tho report that Lord Robert Cecil will
enter the Cabinet ns contraband minis
ter xhould please neutral Interests,
Although his diplomatic position wai
obscure. Colonel llouso won golden opin
ions here.
Tho city recognizes tho duration of tho
war ns tho ono supremely Important prob
lem of finance. Tho technical tuiestton
whether a now long-term loan Is neces
sary and whether to free tho lncomo tax
remain.", I think, undecided.
6 Am ftlwys,.,i
100 Am Can
60 Am Locn ... i
20 Halt A Ohio,.
26 llrook It T...
20 Drill J U.,,,,
8 0 Cam Iron,, ,.
60 Com Steel,.,,
266 Iliec Htornne.
200 Uen Asphalt.,
ill . no pro.
Net
Hlh. Low, Close, chue,
St., 91' 3J,, f1!
634 in 5J4 W
694 694 694
ei ftfi'i 84 .-
4 93 4 93 71
39 39 ,.ii.
17 47 ..i
93
39
47
81
66
4t
734
ii . no pro ,,,. ii l
K int. Prt M Am 24 U
1670 I.k Sup Corp. 1
ID iienign imsv.,
63 th Vftl
635 Ih Vnl Tr.,
200 do pfd .,,.
8 North I'enna.
294 IVmnn II II...
90 I 'a Steel pfd.
800 I'hlln Co . . . .
3166 I'hlln Klcc ..
inns imiti c...
100 do tr rfs ex d 20
180 I'hlln
75 Ton
9 IS Tm
120 Union Trno .. 43f
332 II Uns Imp... SOU
460 U H Hteel S3H
25 Crnmn & Sons 76
260 York Itwy.... 11
16 do pret .... 3t
361 .15H Ji
T1& 724 W
77
77 V,
22 i
67 (i
42
2ft
20
25 "4
llTS
44,
0 .1 14
,7T.
19H
n4 U
.77
Btt
tt
ih
20
9(1
i
I k I
.
i Trso .. 79W 79U 7BH ...,,
Iteltnont. . 44 44 ?
Jllnlnir... 0i 6i Ji J4
rt Trno .. 434 4,1 W 43T4 4- H
RAILROAD EARNINGS EXPANDING
TRACTION SECURITIES IN DEMANl
Buying of Rapid Transit, Lehigh Valley Transit
Philadelphia and Western Stocks Stimu
lated by Recent Reports
4,114
8.1(4
IS
lots
32
99.
3?
76
11
38
10,08.1 shnren, romimrfd
is
Tnlnt snlfM.
in.R.'l.'l NhMffM .XIniidilvl (lui far 111
21,818 allures) same period Inst week
shares, ,
UONDS,
Willi
urfk.
7(1,602
Not
Low, Close, chse.
IllKh.
32000 A tl & Kl 6s 9.m
1000 City 4h 1941. .1064
2.10(10 101 ti V Tr 4s 82(4
6000 Ilnr ICIi-c 6s. 101
6000 1-h Vnl TK4s 92
14000 Va, Co B 4J4S.102K
11000 do con 4,4s.l064
6000 I Ii M St tin. 10B
6000 I'llll Co Con 6s 03 i
2000 dn 1st 6s.. .101H
1200 I'hll Kite. 4S.. 84
7000 ItoAd Ren 4s.. 964
17000 Itesd-Jr C 4s 954
.1000 Ktnnd Ons 6s. 0!4i
3000 U Itwyn t 0 4s 75
1000 Yk Itwy 1st 5s 95
Increase. llecronsc.
Tolal snles, (81,800, romimrfd llh S74;800
Siou.auu! same
03
lor,4
8 2 15
10.1
102H
losH
106 ,
92";
101 '.i
81
96 t
96i
994
76
95
Ql
IO554
82
103 .....
103H J- f
106(5
100.
93 4 Y
101(4 n
84. '4
96 U 'i
95. 4
991 4
75
96
.Monday) thus fur this wrek
period 111st vttK, ,ui,miu
Local Bid and Asked
Today tondav
Did. Askid. Hid. Asked.
SHARP RISE IN COTTON;
SHOUTS RUSH TO COVER
Some Importnnt Traders
Buyers
Good
Max Slotors 1st pf. ... Sflti K(l rs
Max Motors 2d pf COJi fiWi COli
Minn A St LouU Cfii 5JJ SH
Minn A St Louis pf. .. 17 17!i 17U
M St P A S S M Df. . I35f VAnU V.W.i 13.-,!
Mexican Petroleum.... 11K5 10fi 105M 105)4
. Uii UK UK UK
. :i7 a7 :i05 umi
. 5 5 r,
. 73 71! 72 72
.113)i llljj 1MH 114Ji
. 2(1 2B 2(1 20
. CRW (WW 07J 07Ji
lOJs 1G)4" 16H 10H
H4
072i
.105
27
144H
07i
105
2Q'i
HI
07
104J,'
29U
144
(17Jf
105
20!'
llfl.'i
-112 lllHf U2H 113
7lj
mi
3IIW
57)i
101
42U
32K
05H
55J
IK
lSJi
30Ji
say,
iai
42M
mh
05
55Ji
....103V5 103M 103Ji
Mo Kan A Tex pf . .
Miami Copper
Missouri Pacific
Montana Power
Montana Power pf. .
Nat Enara A S Co. . .
Nat Lead Co
Nev Con Cop
New York Air Brako
NY N If All
N Y C A II It
N Y O A West ,
Norfolk A Western. ...1I71j U6f 110U
.orinern i-acmc.
Ont Silver Mln 8
Pacific Mall mjf
Pacific Tel & Tel 30)4
Pennsylvania K It 57) i
Peoples (las Chi 104
Philadelphia Co 424
Pitts Coal Co N J.... 33
PlttsburBh Steel pf. . . . ODi
Pressed S Car Co 55
Pullman Co. ...
Quicksilver
Quicksilver pf
Ry Steel Sp Co...,
Hay Con Copper..,
Ileadlnir
Kepubllc Iron A S.
Itopubllc I i S pf.
Rock Island
Rock Island pf
Seaboard Air Line.
Seaboard Air Lino pf. . 37
Sears noe A Co 179
Shat Aiiz Cop 38J(
South Porto It Suc....l00)( 173! 171 If 173lf
Southern Pacific OOlf 99H 09H 00)5
Southern Ry 2015 20)3 20)f 20)f
StudebakerCo H5)j 147lf 145 140)5
icnn woppei oi ,-)a5 5M)f fi8)j
'ivus lq ua 'U
Texas Pacific 7 8
Third Avenue 50 i 60)f
Tobacco Prod pf 103 103
Tol St hA W Pf cfdp 0 8)i
Union nag & Paper... 7H 8)
Union Bae & P pf.... 30 '.TO
United Clsar Stores. . . 0!f 0J
Union Pacific 133 134
Union Pacific pf 82H 82JJ
United rruit uo him 145
6H
7) f
.. 40W
.. 25JJ
.. 78
.. 52H
..111
lfi)f
4J$
7
40
25Jf
784
52!f
4!f
OJi
40
25J,'
78)4
S2)f
111)5 111
ii ii
W Jf
io!f iejf
30)5 30M
178!f 178
39 38)i
K
18Ji
30)5
57
104
42)5
31)2
05)5
S5J
103)5
4)f
7
40
255 i
78)5
62)5
111
Jf
If
lOJf
30)5
173
38)5
205 207
7 8
60Jf C0)f
103 ltt'l
8)5 8)5
7Jf 7Jf
20)5 29)5
0i 0f
133)5 134
82Jj 82JJ
t-iaii m;t
US Ind Alcohol H8J5 HOJf H5)f 148
( 4 ( ls
93U UH
104) ,04
11 TI
.ig ltt
cmat.. nayftbld Aor
oro juren
oldsr of tcc-
An&ttrlcaa Stazutra Tobacco ComsAnr ,tt.i
sswlsunaal II 59 pr soar on prsfsrred, pay
ajtta Uacch i to holltl al xscord Fefcruiry
v, . a . .. ,
pr cm, o prefsmd sad of p
am CWB8WT, trabla AH1 1 In hAiI.
ok ca
100 10G 100 100
44)5 49 43)5 48)5
15)f 15)5 15 15
82)5 52)f 52Jf 62)f
S3)5 84 83)5 83)f
110J5 UGH H6)f llfijf
10 i;j jBji 18JJ
85)5
47)5
14
U S Ind Alcohol pf,
U S Realty imp .
United Rys Inr Co.
U S Rubber
U S Steel Corpn....
U B Steel Corpn pf .
Utah Securities. ,.,.
Utah Copper,.,.,,,,
Va-Caio Chen) ,
Wabash...,.,,,
Wabash pf A, 43
Wabash pf B... , 26if
Wells Fargo Fip..,,,, 125
West K4.M 00)5
Western Maryland..., 27JJ
Wheel A Lake Eria.,., 3
Wheel ILK 1st pf... 12)5
Willys O pf cf f P...104
WoolwoithF W pf... 124)5 1245 I24jf 124)5
Quoted ex dividend.
JCBW YORK, Feb. 23. Business wns
mixed on the Cotton Exchange nt tho
stnrt this morning. Some interests, es
pecially Wnll street and spot houses, ope
rated on both sides of tho market. Tho
early tono was comparatively steady, near
months showing losses of 4 to 7 points,
white September was 1 point higher with
luto options 1 to 3 points lower.
Some Importnnt traders wcro good huy
ors, apparently on tho belief that a rally
was nbout due, an- It was gonerally ex
pected that March liquidation would soon
bo over. Others, however, still main
tained that tho news from Washington
would bo the main influence.
The market becamo firm, later. Itvl
seemed easy to switcn long contracts out
of Match into later months at tho pre
vailing differences, while Liverpool was
a good buyer hero by balance, and tlicre
was considerable covering by shorts as
tho rally developed. There may also have
been buying for a reaction, and tho active
months worked about 12 to 14 poluts net
higher during tho middle of tho day. This
mado an advance of nearly (1 n,balc from
the lowest, and seemed to attract rather
freer offerings, but prices held within two
or three points of the best.
Dure & Sus to 40 42 40 42
do rrir 50 ci 60 r,i
J O Itrlll 37 3D 38 .19
llnldwln 1081 lOP'i 108 109
Cnmbrlii Steel n 81 ti 81 81 U
Klcc HtnrHBO 05U III! 05)4 UK
llencrnl Asphalt .... 35H 30 3S'4 .16(4
do prcf 72. 73 731 74
Key Tel 14U Hi 14 ji 144
do t r 14U 14I.4 14)1 14(4
do prcf H9V4 70 9tt 70
Lake Sup Corp 11 'i 1114 1lS "
LohlBh Nnv 76"i 77 7i 77
LehlBh Vnlliy 77 77(4 77 , 77V4
Lehigh Vnl Tr 22(4 22i 22(4 22i
do pret 43 44 4.14 44
I'cnnn 67 57(1 67U 67(i
I'hlln Klcc 274 28 27T4 28
I'hlln Co 42 42(4 42 42(4
do 6 per cent pr. . . 37 38 36(5 38
do 6 per cent pr. . . 44 45 44 45
I'hlln It T 19 20 19'4 20
do t c 19 20 19(4 20
Itoadlns 78 78'i 78 78'i
Tonopah llelmont.... 4Ji 4(4 4i 4'4
Tonopah Jllnlne 6i 6T4- 6 6
Onion Traction 43i 44 43U 44
United Oas Imp 89 'i 90 89 i 90
" "'eel 834 82 Ji S3 83(4
lork Itwy u n(4 jo 11
.io ,Tfl 37(4 .18 37(4 .18
Vim Cramp t e 70 75 72 76(4
afarch
May ....
July ...
October .
December
Jnnuury .
Spot ....
Mon. close.
11.27
....11.50
11.72
.11.91
.12.07
.12.14
.11.35
Open.
11.19
11.47
11.68
11.87
12.02
12.11
Hlth.
11.44
11.68
11.88
12.07
12.20
12.25
Low.
11.18
11.111
11.66
11.87
12.02
12.11
Last.
11.37
11.62
11.83
12.04
12.19
12.25
11.65
Liverpool Cotton
LIVERPOOL. Feb. 23. Spot cotton
was In liberal demand today at a de
cline of 5 points compared with Monday,
nt 7.72d for mid upland. Tho sales were
7000 bales, Including EOOO bales American.
The Imports were 35,000 bales. Including
30,000 bales "American. Tho market for
futures closed steady at a net advance of
5& 9 points.
FOREIGN EXCHANGE
NEW YOItK, Feb. 23. Opening quota
tions for foreign exchange showed a dull
and steady market. Vienna, which de
clined sharply very lato on Monday to a
nominal figure of 12.82, was quoted this
morning at 12.95 and 13. Other quota
tions were: Demand sterling, 4.76 Vi ;
checks, 4.77: franc cables, 5.864 1 checks,
6.87 Vi ! retchsmarks, 74 3-16 and 74H:
lire cables, 6,69; checks, 6.69 ; Swiss
cables, 5.22; checks, B.22(i; Stockholm,
28.30 nnd 28.35; pesetas, 19 and 19.05;
guilders. 42 and 42; rubles, 31 and
31. The above figures Indicate strong
toqe In Dutch exchange.
The market continued dull and feature
less In the afternoon, with the single ex
ception of a firmer tendency In French
exchange, Franc cableH were quoted at
5.8C(4 and checks at 5.87(i. Sterling was
unaltered at 4.76 for demand and 4,77
for cables. Itelchsmarks were heavy, at
74H. '
SECURITIES iVT AUCTION
At today's auction Bales of securities by
Messrs. llarncs Sz Lofland tho following were
disposed of:
STOCKS.
3 shrs. Glrard Trust Co. Pnr 1100. .J927
10 shrs. Frnnkford nnd Southward (6th
nnd Cth streets) Pass. Itwy. Co.. 345(1
20 shrs. Peopto's Natlonnl Fire 17
4 Bhrs. Pennsylvania. Co. for Insur-
nnccs on Lives nnd Urnntlnc An
nultles. Par 1100 711
1 shr. Pennsylvania Co. for. Insur
ances on Lives nnd Orantlns An
nuities. Par 1100 710(4
9 shrs. Pennsylvania Co. for Insur
ances on Lives nnd Orantlne An
nuities, Par $100 710
20 shrs. Wayne Tltlo and Trust Co.
Par 1100 7 126(i
6 shrs. United Traction Co.. Pitts
burgh. Pa., preferred. Par 150... 7(4
10 shrs. Citizen's (10th and 11th sto.)
Pass. Itwy. Co , 275
10 shrs. Frankford and Houthwark
(5th nnd 6th sts.) I'ubs. Itwy. Co 345'.;
3 shrs. J. O. Brill Co., preferred.
Par $100 .'." 95
12 shrs, Philadelphia and Cnmdon Fer
ry Co. Par $50 115
10 shrs. Keystone Watch Caso Co. Par
$100 76
45 shrs. Columbus Water Co., Colum
bus, W. J. Pnr $10 ,. 100
4 shrs. Fourth at. National Dank.
Par 1100 290U
2 shrs. Fourth St. Natlonnl Hank.
Par $100 290
14 shrs. Ulrard National Hank. Par
$100 361
5 shs. Guarantee Trust nnd Safe De-
1 posit Co. Par $100 160U
5 shrs. Guarantee Trust nnd Bare Do-
posit Co. Par $100 160
73 shrs. Lumbermen's Insurance Co.
Par $25 ' 102
6 shrs. Philadelphia Hour so. Par $50. 6
& shrs. Farmers and Mechanics' Na-
tlonal Hank. Par $100 131 U
5 shrs. Sixth Nat'l Hank. Par $100. 203(4
5 Bhrs. Sixth Nat'l Hank. Par 1100. 202(4
145 shrs. Atlantic Title Co., Atlantic
City. N. J. Par 1100 .. ........ 105
2 shrs. Holmont Trust Co. Tar 150... 39(4
5 shrs. Fidelity Trust Co. I'ar $100. 720
IIONDS.
$5000 Harrison llros. ti Co.. B per cent.
First mortgage. Coupons January
nnd July. Due 1924 96?
1100 Union Pass. Itwy. Co.. 4 per
cent, "extended mortKace." In
terest April and October. Due
1960 U
Wllhln tho next few days most of the
railroad net returns for January will
innko their appearance, and If tho Haiti'
moro nnd Ohio report Is to bo taken its n
criterion a very satisfactory showing will
,bo made. Some of the largo Western nnd
Northwestern companies aro not expected
to show up ns well ns In somo of tho
previous months, but this, It Is claimed,
will bo purely tho result of local condi
tions, such ns severe weather, btockndcs
by heavy snows, etc. Itallroad men say
(here has been no let up in business nnd
tho Indications nro that revenues, both
gross and not, will contlnuo in largo vol
ume for many months.
There lias been n, henvy movement of
war munitions for some tlmo past nnd
ccrtnln companion nro just beginning de
liveries of this class of products. Uut,
nslda from this extraordinary business,
there will he, it Is expected, n heavy vol
11 mo of normal tonnngo throughout tho
remainder of tho current yenr nt least.
Itallroad financing can now ho accom
plished nlong lines moro favorable to tho
roads than for years, such new Issues
ns liavo been offered having met with
ready absorption by tho public. Tho N'cw
York Central recently disposed of $16,
000,000 preferred stock, which together
with ccrtnln other Issues held In Its
treasury nnd which wcro sold permitted
tho company to pay oft a simitar amount
of Bhort-tcrm notes, leaving but $15,000,
000 notes outstanding, which mature of
November 1 next. In well-informed cir
cles tho belief nl.lntno 11...
;vl" "t bo compelled to do new XU?
to meet this
"I'dicu 10 ao new ,.. :".
Bond men . "".cn ll H iLV
lils-li'grndo railroad "bond, "'M
shelves than ever before. on m
On the local exchanen 4. . -IK
was quiet. Tho tracflons Jv?r7.'
only features, both Lchleli v.n .about W
ami Itapld Transit UllM'-"
while In the outsldo market i,iiB7,"l'
and. Western Hallway f.e15WW8l
again ncnyo in tracing betwwn Ti
several .blocks changing Ln2.hoH
prices ranging from 6(4 'W
last sale being nt 37(5, Thern J
much activity In tho common m.S "3
quoted from 15 to 16 '4 ' htol f
In tho -afternoon t radlS t SfH.
at a standstill, except for nt? $m
In movement In ri.Madelff? i
which carried It down J "fcS Ion 4
uuier nnnu, united Oas lmprovem. w
firm. ""irovmen r,y
At tho mutual meotlmr Hull -3
pany General directors we ?"?? S
William 11. crook. jr w .7J51?!
?oa
wnn s ntn n.i i. ,-'uer
.. . T wv.V( (kills lllll Bl rtlllla. JI 1. "'j.
$21,050, from Whirl, -.'"?" ,or.w ffi!
leaving profit and ioS3" .ur3S?M
1. 191B, of $.120,584. our"ll"-Jninr
,on of tho retiring'. JftM
for tho year ended nPP- ..'fJ11??
n.l (I. . "" "1
.
Financial Briefs
LOCAL MINING STOCKS
TONOPAH STOCKS.
Jim Tlutler
MacNamara
Midway
Mlzpah Extension . ,
Montana
Northern Star
Tonopah Helmont .
Tonopah Extension
Tonopah Mlnlnir . .
Itearue Eula
West End
Hid.
94
02
... .14
19
25
15
:::::$
, OS
, 75
QOLDFIKLD STOCKS.
... 19
, .02.
I .40
02
.03
.06
.01
.04
.45
.93
.15
ins
.16
.05
Tims.
2(4Q3
, Phlla.
Roll
mi
14
43H
26,'
85
47
U
43H
20)2
85
47
14
43
26ii
1251 125)f 125U
uoa tun txjjj
2QK 26 2a
$f J! Ah
!?'. " JU
Total sales, 312.000 shares, compared with
207,400 shares Monday! thus far Ibis ueek.
600.400 sharesi same wrlod Ut week!
1,839,100 sbart.
LONDON STOCK MARKET
IjONDON. Feb. 33. While dealing: In
securities on ' the Stock Exchange were
not large today, the undertone generally
was firm. The 4 Vi per cent war loan dis
played especial strength, proving attract
ive at 97 H. as It Is acceptable at par for
subscriptions to the next war loan.
The revenue ot the nation last week was
11.34X000 and the expenditures I28.4JS.
000. There were sold f9.61i.O0O in ex
chequer bonds. Outstanding Treasury bills
were Increased f SOB.oqfl.
Tfc Vrenth loan was In dsmsnd at iy .
In stwpathy with tsve staple, rubbar ekar
RATES FOR MONEY
, Tail.
Nw York ,, ,.... lii2
Philadelphia 3V4U1
noaton ?,, .
rhtMirn 3t4Svl
Commercial paper, three to six weeks
delphla, 3(4 04 per cent.
BANK CLEARINGS
Hank clearings today compared with corre
spondlne day last two my
Phlla ,,,..$42,74.U7 127,324, 40T 130.201.533
Iloiton' ... 4i;i72,61 22,984 77 27.416,991
Ut'i York:t0.40.445 SlO.tOSi'OlM
NEW YORK COFFEE MARKET
NEW YOItK, Feb. 23. The coffee
market opened steady this morning with
first prices I point lower to 4 points
higher, July was the only month lower
on the call under scattered liquidation,
while otfier positions were steadier on
covering and some demand for European
account.
Today's
openlns.
February , 4-45
March '
April
May
June
July
8.02
uust
pie
. 7.15
.7.90
. 7.13
Beciember
October ,.,.....
November I.,. ;!;
December ,
"'"fifd?" Sites,' Yi'.iioVass.
Monday's
close.
7.S667.S7
7.70IJ7.71
7.7637.7
7.17.I3
t. titn.it
7.9207.I1
7.9707.99
l.02l.0t
i.ojyi.oi
l.lOftg.ll
I.144JI.15
1.1701. 1
NEW YORK BUTTER AND EGGS
NEW YORK, Feb. 22. BUTTER. llarkt-i
strorur: reeeipts. v. nacaasyai eiira cream
ry. jSeJJfeci .bUhsr scortiur. HOIISie.:
Stats dairy,
EOaa. Market
cases; Jir.M
MJY. - iliLl-,. 1, ,atfl,A
..
Aside from the appointment ot soma
freight ' offisfeltu there was nothing an-
iUMiBstuL after tb PennaylvanJa RalVroad j
Siyjlc.i Imitation creamery. 21
.rket unsettled, receipts. JO. Ill
Orstsllc , firsts. i:MISV4a;
e.; brown. 2IO260. ; mixed cowr.
Atlanta .
Illue Hull
Ilooth
Ilulldoc
C. O. D
Combination Fraction
tilamonneld I) II ...
Daisy
Klorenco
(loldtleld Consolidated
Qoldlleld Merser ....
Jumbo Extension .
Kewanns
Oro
Hand Ken 06
Silver Pick 05
MISCELLANEOUS.
Hairy Aztea 01
Klmberly , 01
Nevada Hill 17
Arizona Un , 25
Nevada Wonder 1,60
Asked.
.96
.04
.16
.20
.27
.16
ill
.08
.78
.20
.04
.42
.03
.04
.08
.06
.06
.60
.94
"
ll.lS
, .17
.06
.07
.06
.03
.03
.20
.26
l.6
Tho Baldwin Locomotive Works hnH re
ceived orders for tho followliifr locomo
tives. One 0-4-0 typo for CarncRlo Steel
Company, ono O-G-0 typo ror Westlnghouso
Klectrlc and Manufacturing; Company, 20
2il0-2 typo for JJesHemer and Lake Krlo
Ilallroad.
Tlfo New York banks lost to tho Sub
treasury Monday $2,084,000 and ulnco Fri
day J4, 450,000.
. Tho Stock List Committee has today
stricken oft tho list of the local Exchange
$1,102,000 United Hallways Investment
Company first Hen collateral trust 20-ycar-slnkinR
fund 5 per cent, bonds PlttsburBh
Issue, bclnir tho amount of said bonds held
In tho sinking fund us of December 31,
1916. leaving tho amount listed at this
dato $17,048,000, N'os. 1 to 18,150, Inclusive,
for J1000 each, excepting numbers of said
$1,102,000 stricken from list on flic In this
omce.
Tho nnnua! report of the Pure Oil Com
pany shows assets above' liabilities of
J6, 319, 864 and assets In other companies
of $4,026,011. Total net earnings for 1915
wcro $3,012,370, against $1,763,140 In
1914.
Holders of tho voting trust certificates
of tho Interborough-Motropolltan Com
pany aro notified by tho board of trustees
that the ngreement dated Mttrch 6, 1906,
will expire March C next, and that cer
tificates may bo exchanged for certificates
of tho capital stock of tho Intcrborough
Consolidated Corporation, successor to tho
Interborough-Mctropolltnn Company, to
tho amount and of tho class called for
hy tho respective voting trust certificates.
Such exchango may bo mado at tho offlco
of tho company, 165 Broadway, on March
6 noxt and thereafter.
Additional securities of various com
panies have been placed 011 tho regular list
of tho Philadelphia Stock Exchango as fol
lows: $330,700 American Telegraph and
Telephone stock; $66,000 Pennsylvania
Itallroad consolidated mortgage 4',i per
cent, bonds, 1960; $8120 Interstate Hall
ways permanent preferred stock, nnd
$2000 York Hallways first mortgage 30
year B per cent, bonds, 1937. There hns
been stricken off tho regular list $15,000
series A Lehigh Coal and Navigation
funding and Improvement mortgago 4 per
cent, bonds, canceled for tho sinking fund.
Comparatively narrow changes oc
curred at today's local auction sales.
Glrard Trust fell 3 and Guaranteo Trust
4. Farmers nnd Mechanics' Bank roso
6Ji nnd Belmont 4,i. while Fidelity
Trust was off 2 Vi.
After regular meetings of Pennsylvania
Railroad Western Hne3 directors today. It
was stated that thcro was nothing to announce.
WHEAT RALLIEIl
ON TALK OF EXP0RT
RSZlres cl
;;."? y. :me5
JUUt" -Dumsn urop Newfl
of
CHICAGO. Fnh. it, , .
i ...-. 'si3ient runs?
i iiueu saies ror cxnorl ,,n.i. ",
not bo confirmed 2?' .?hlcI "M1!
wheat market today after .uLJ. 7 i
nt tho start. wSl&nffI
Poo; and. e. M 2&
in 1110 isortnwcst. On tho bmtlr 1T.M
wns considerable, ni.nnt. "vv'W
as well as much buying by .SeMtJXS
The Illinois cpartmentfPAM
announced that 23 per cent. otU?iSi
of winter n Mm ,,. ,.., . .fel
nnd that d i , T ,'T,n. MH
floods. "u uce"
Mills. nnd elevator interests purchaS'j
-iiio, uim a goou bujlneulf
hour wns said to liavo been worked w
there. The Indications wlntetTto bWP
Ing mi of the roads nil over and a est?
sequent curtailment ot arrivals. ConsS?
crable bullish cnx news was recelref
The Prlco Current said that comnlilSiT
or damago to tho winter crops, vers'ils?
Loadlnt: futures ransed as followif
Wheat Open. HlBh. Ixiw,
UfinAtr't
May TV... iism 1.23 1 tSoUtiTnfi-f'jlV
July ..... 1.18i 1.19J 1.17 1 11V1S 5
Corn (new llrllvervU-T " ." Ml
? M Hi:
n litt tffi
78
46V4
44i
May 76J4 78i
juiy 7(,:
Oats
Mdy 46
July 44
I.ard
May 10.40
July 10,55
Itlbs
May 11.62
July 11.62
Tork
May 20.70
July .....20.70
Did. TAskcd.
10.45
10.62
11.60
11.70
20.90
20.87
10.37 110.45 110.11.
3 110.1) 119.(1
10.52
11.47
11.57
11.ST ll.llj
n.; 111.11
20.65 jo.ir tfl(l
'I'm
20.65 .. t.J
Usual Tonopah
dividend.
Belmont Development
LIVE STOCK QUOTATIONS
CHICAGO. Feb. 23. HOOS ftecelpts, 42.
000. Market stronir; mixed and butchers.
t8.1608.56: eood heavy, 18.4008.55: rough
hean-. J8W8.35: lieht. 7.958.66; pies. 36.76
7.00: bulk. 88.2508.60.
CATTLE Receipts, 16,000. Market steady;
beeves, 16.2609.66: cows and heifers, 33.76
8.55; stockers and feeders. 35.6007.60:
Texans. t6.75O8.10; calves, 13011.
SHEEP Ilecelpts, 17.000. Market 1620o.
lower: native and Western, J4.26W8.40j lambs,
18012.
GOVERNMENT BONDS
ELKINS, ORRIS & CO.
BANKERS
Land Title Buildinj
Philadelphia
Philadelphia Suburban
Gas & Electric Co,
1st and Refunding 5s, l&Oi
. Yield 5.05
Tax Free
in Pennsylvania
Stocks Bonds
Cotton Grain
Approved Curb Securities
Bought Sold Quoted
HUGHES & DIER
Danker and Brokers
1433 WALNUT STREET
I.KOAti ADVKHTlSEMENTa
lK3p NOTICE IH HEREBY GIVEN THAT
" tho undersigned has been appointed
auditor to audit, settle and adjust the account
of the Commonwealth Title Insurance and
Trust Company Committee of the estato of
CHARLES ELLIS, a lunatic, which account
has been Died In the Court pf Common Pleas
No. 2, of Philadelphia County, as of December
term. 167, No. 1113, and that a meetloa for
the purpose pf hi appointment will ba held
by ths said auditor on the nth day of .March.
1016, at 3 o'clock p. lu., at bis omce, (01 Lin
coln Uulldlnr. Philadelphia, when and where
all parties who hava claims, or dealra other
wise to bo beard, may appear or bo debarred
forever for comlna in upon aald fund.
I, EMANUEL SAUBEU. Auditor,
904 Lincoln Bid-.
2s of 1930 res ,
2s 'of 1930 cou
Pana 2s rrs . . . .
Pana 2a '38 rec .
Pan new 3a rea
I'an new 3a cou
3s of 1918 rear .
3s of 1918 cou ,
Hid. Asked.
39
99i
99
99
102J4
102Vi
1U2
103
DIVIDENDS
THE AS1KUICAN OAS COMPANY
lot Uarket tftxect, Camden, , N. J?
February 15. IBia.
A quarterly dividend of . or 82.00 per
har, has .been declared on the capital
stock of that company, payable March 1
1918, to the stockholder of record at i
sarft miiifo "" " "ie- ct
J. B. TOWN8END. Sd, Traurr.
nntgoToitr or accopntamt
Crtiaj yublla AtcoaaUnU
LAWnENCE B. BROWNi CO
lla BiUL ESTATE THUST IIUUDlNq,
BUUNa A HMIAKUJ&
Til BsiU.
HOME STATE
INVESTMENTS
No. 2
We OlTer nnd Recommend for
Conservative Investment
First Mortgage Bonds of a
High Speed Electric Railway
operating out of Philadelphia.
The bonds represent less than
50 of actual property costs
and earnings show a large mar
Kin over requirements for in
terest. The investment yields about
4.95
Tar Free in Pennsylvania
Detailed circular on application
Edward B. Smith &Cq
BANKERS
Estisusiiid 1802
Utmlcra fitv York and PMladtlpMa
Stock Exchange
BaolD AMD Cuxstndt Bt., PUIUDa.
30 Pins Btskct Nkh Yoik
To the Holder of the
Firat Morteao-e 5 Bonrlrof
the Consolidated Gas Co
of the City of Pittsburi
On February 1. 1918. t? ConwIkUle w.
un eoruary i, "'" "-"""I"",;. .
Company of the City of Pltttbuwh "X
fault In tha payment of Interest n '"JIS
MortsaKa l-iva per t-eni. uouua. " '-.y
this default the unders'.ned oars f Ji
nolntvrf ii nnmmlltea to enforce t TV"' Sim
pointea a uramiiiii i " :i',jn tm
conserve tha Interests of the bondhMsn-TJ"'
i-ennsyivania wompany or ""'"7','tfMU
and Orantlne Annuities. 517 .O"1'.. gSi
Philadelphia, haB been appointed PP0'1J'51
ll urisinui vail va win ""," -tltiiralil
Doaitorv. and coDiea obtiln4 P Wv9?2m-
to tho Depository or to any .JiUd'.
commiiiM aii holders of bonds art rMS
In rfn,Bl hi.m urllh the DeDOSltOrV VW J
provisions of the agreement. Each
bondholder will receive a certificate el lrri
In transferable form. The "f"""f 5
.....! ...AulnlMn fni this WlthUfftwH
-i. A....ii. in . h deooUor M
katlsded with such plan as the CoaimKi
announce, or with any charuro w"'". ,
mltteo may nnd It necessary to pais
provisions ot tha agreement.
CHARLES S. W. TACKABD, Chain
WILLIAM P. QEST.
THOMA8 S. OATES.
ti iinwKM. oniSWOLD. JR.,
JAMES CROSllV BROWN. Uf
O. W, PEPPER.
Counsel for tha Committee.
E. L. DRAWTiaAM. Secretary.
, HT Chestnut Street. Phil.
i.v. .-, w niti, sxecatlrf
mrIUI d.slr.. .oclUo wltla ttf
full particular In tonfld-
K 158, LEDGER OKNTH
Brown Brothers & Cft
Fourth and Cttxartnyt Streetu
rniLADULrniA
Certificates of Deposits
are Issued by us, either on demand or far
specifled time with allowance of interest,
-rm
t
V
H swmi MiMjJ iu
VforoduU.
(jjrfeawru nuw'w mjr