EVENIKft LEfrftEftPfflLADELPHIA, SATURDAY, FEBRUARY 26 101J
u .
u
FINANCIAL NEWS
,HOW OF STRENGTH WAS SHORT;
"" EARLY DEMAND SOON SATISFIED
"side From Bullish Demonstrations in Reading, Amer
ican Locomotive and Pacific Mail the Stock
Market Was Heavy
j
High Points in Todau's Financial News
With the exception of reserves all items in New York Clearing House
statement showed increases today. Average loans were up $.15,510,000
i,nd demand deposits $26,267,000. Actual loans increased $t8,70t,000 and
kmand deposits $31,273,000. Hescrves fell $13,014,000 in average and
aittial $17,000,000. Week's bank clearings to per cent, above same week
test year. Shatluck-Arizona declared 75-cent extra dividend in addition
o regular quarterly of 50 cents. Further increases in steel prices expected.
'onaholdcrs of Algoma Central meet in London on March 2t to consider
plan of reorganization.
NHW YORK, Feb. 26.
The show of strength which marked yesterday's trading was of short duration.
' itsldc of bullish demonstrations In Reading, American Locomotive and 1'nclflc
-" ill the stock market In tho two hours of business today was heavy, with
-jclis In supply from tho start nnd tho demand which was carried over from
stcrday's upturn was filled within a few minutes after the opening.
No one seemed to like the advance of Pacific Jlall, now on a $5 par basis,
23, making It equal In ranRc to Dethlehem Steel and General Motors,
omlnlck & Domlnlck bought G000 Heading, and this buying was by far the best
,ituro of tho half day's dealings.
Tho Increased distribution on Shattuck-Arlzona was peculiarly disappointing In
(' 1 result. It was generally assumed that this Increased distribution foreshadows
' rger payments by Utah, Chlno nnd Anaconda, but the Important Interests In
' ioso companies, which must bo fully Informed of tho dividend Intention, did not
.uem disposed to nccumulato any of thoso stocks and the manner In which they
ted created a belief that tho situation genernlly was not as strong na It
! ppcared to bo on tho surface.
Tho advance In American Locomotive was generally attributed to Kendal,
' operator who was credited to have made Immense profits In Bethlehem Steel
t nd other war order stocks.
i"! Peoria and Eastern Nut to Pay April 1 Hond Interest
The directors of tho Peoria nnd Eastern Railway Company havo decided to
'iy no Interest on April 1 on tho $4,000,000 Income bonds.
NARROW CHANGES
IN CURB PRICES
Business Was Quiet and .Quota
tions Irregular Aetna
6 Only Active Spot
NEW YORK. Feb. 26. Trading In the
, .market for outside securities today was
npomparattvcly quiet, although In a few
of the specialties renewed activity de
veloped at times. The general tone was
Iriregular, although fluctuations In most
Instances were narrow,
Mldvale Steel eased on 14, while the
rights, with rather free offering, sold
down to a new low mark. Chevrolet
Motor, after early heaviness, developed
, strength on Increased purchased. Katho
dlon Bronze rallied slightly after a
S"-polnt loss. Tobacco products moved up
over a point. Aetna Kxploslve was again
active and a steady opening cased oft 9.
Copper stocks were extremely quiet and
"somewhat Irregular. There was a fair In
quiry for Magma at a fractional change.
OH issues were dull, with tho exception
of the low-price shares, which ruled gen
erally steady.
Bonds were quiet and about unchanged.
INDUSTRIALS,
Illd Asked
-Aetna 22i 23
Amer-nrltlsh llfg . .' 20 28
Atlantic aulC & W I S 8 29'4 30M
""do pfd 464 49
, Am Marconi 3 3Ti
Baito Tube 55 r.i;
do pfd 10014 1014
Ajar Ilubber Inr w 1 71 82
Canadian Car & Fdy 65 TO
. do Pfd 83 , 88
Chevrolet Motor Tar 13 13614
Curtis Aeroplane 47 63
Cuban Cnne Sugar 60 50 4
Drlggs-Senbury 138 141
Kmersnn 13 12't
Haskell & Darker Car 4it 48
Hendee Mfp 27 30
Inter Mer Marino 16 17
Inter Mer Marino pfd 68 72
.Kelley Sprlnctleld 70 714
..Kathodlon llronzo pfd 16 18
Manhattan Transit 14 1 "a
Maxim Munition 5 4
Mldvale Steel 64 M 64 U
Otla Elevator 63 65
Peer!" Motor 2i 27
Poole Bnir and Mach 110 120
fit, Joseph I.ead is 1SU
S S Kresge w 1 13 1.1 H
Standard Motors 8 9
Submarine Moat v t n ctfs 36'i 36$i
Triangle Film v t ctfs 4 4S
-OPS Light & Heat 3H 34
do pref 6 64
White Motora w I 49 494
World Film 14 1TJ
STANDARD OIL, SUBSIDIARIES.
Pralrla 225 229
Illinois OH 186 188
Ohio Oil 234 236
S O of California 258 262
8 O of New Jersey 603 610
a O of New York jio 21
OTHER, OIL STOCKS.
Sarnett Oil 124 iti
Coaden OH 224 izi
Chalmers Oil 7 8
Houston Oil 184 194
Midwest iteflnlng ; 60 62
Bapulpa J 124 124
MININO STOCKS.
Atlanta 18 19
Cerro de 39 40
Butts C i Z v I ctfs 77 84
Hutt. N T 34 34
First National Copper 64 6 4
.Coldfleld Merger :. 16, 16
'!! Mining 44 4
.Howe Sound 54 64
Jim Dutler 93 ' 35
Jumbo Extension 11-16 14
Magma Coper 174 17t
McKtnley-narragh 46 47
Mtnea of America 24 24
Ntplsslng Mines Co 6 4 6 4
Ban Toy 16 17
West End Con 73 76
West End Extension 1 ' 2
BONDS.
Erie rlchts u
Baltimore and Ohio 6s 1014 1014
Cerro de P 6a 119 151
Mldvale 6s w 1 99 994
COTTON FUTURES WEAK
DESPITE MILL DEMAND
New York Selling a Factor Cold in
Eastern Belt
NEW YORK. Feb. 26. The opening
,;tone on the Cotton Exchange this morning
Was comparatively steady, with March
up 3 points, June 3 points higher and
other months 3 to E points lower. The
trading was light In all options, with the
exception of May, which dropped 4 points
on the call because of heavy selling by
few Orleans interests. The buying was
scattered and after the call the entire
market declined 3 to 7 points In sympathy
With the weakness In New Orleans and
on the continued pressure from the South.
following the early weakness active
covering developed around 11:45 for July
"and prices regained virtually all of tho
early loss sustained before 11 o'clock.
Renewed, local selling later caused an
a.pler feeling and In the second hour the
undertone was nervous, with fluctuations
irregular.
Liverpool was several points better than
due on late positions, but a shade lower
oh March. The English market was quiet
aprt Kteady. it was colder In the Eastern
section of the cotton belt this morning
With frost at the gulf stations, while
higher temperatures were reported In the
West and Southwest, Clear conditions
prevailed.
Marco
ur
JUly ....
PHober
JHttmber
January
t ....
Ye, close,
11.13
11.34
11.66
.11.74
.11.11
.11.96
11. 30
Open,
11 16
11.36
11.53
11.71
11. It
11. 91
11 JO
High.
11.10
11.40
11.60
11.11
11.96
11.95
Low. Close.
11.06 11.1
11.14
11.45
11.6S
11.10
11-91
11.33
11.61
11.71
11.8
11.91
11.10
Liverpool Cotton
.UVTSHPOOL. Vsfy. It. Spot cotton
ML ftuict today at one, point: advance, on
'& baila of 7.TM far mid-upland. The
MU wro 3000 fcalaa. including 4650
UM American. The imparts were JO. 000
ijjifca, Including 9800 txttoa Amerlea.ii. .The
MtrfetA tor tuturtHi dostd. tjsruly steady.
t 44Hm of 344 paJnU to an ad.
J f 14 print-
New York Bond Sales
1600 Adams Eicpress 4s.. 84 4
1000 Amer Aur dob 6s.. 9,4
4000 Amer Cot Oil Sn 97
1000 Ala Cent Cn 1024
211000 Atmlo-Krench 1, Ca. 94 4
2000 Amur Smelt Sen Us. Ill
11000 Amer Tel cvt 44s. .1064
1000 Amer Writ 1'ap 6s.. 70
3000 Atchison wen 4s 9(4
7000 do udj 4s 8S
2000 Atch Trans S t, 4.1. . 904
1000 Atlan Co Una 1st 4s 32
fiOOO Halt & Ohio 3 4s.. 93
20000 do 4s 91 'i
95000 do i'V 44s 974
3000 lleth Steel rfd 6s.. 102
2000 llrook It Tr 6s 1918.101
snoo llroolt L'n Elv 1st os.1014
6000 Hush Term lllds 4s. 88
3000 Can South 6s 10.1
6000 Cent 1'uc 1st 4s . . . 904
27000 Chill Copper 7s 1314
1000 Chcs & Ohio cv 44s. 874
4000 do 44s :.. 924
2000 Chi & Nwn 34s tl'i
8000 Chic & W Mich 6s... 83
25000 Chi II & Joint 4s. .. 984
1000 Chi 11 & CI Neb Is... 98 4
1000 Chi It & l) Iowa 4s. . 99 4
2000 CHI M & St 1- Ron 4h. 02
3600 do cv 6m 10114
1000 do cv 4 4s 1004
2000 do Ken 44h 1034
2000 Chi St I .11 &. f) 6s.. 102 4
1000 Col Industrial 5s 754
1C00 Comput Tub Cs sj
13000 I'umticrlaml Tel 5s.. 904
25000 Del A Hud 44s 1014
3000 do 4s 1016 1004
2000 ilo M 4s 37
2000 Den & Jllo Or 4s ... 78
JS222 !'cn "lo "r rfd 6s. 674
10000 Ills Secur Corn 5s... 72
3000 Erie conv Ser A 72
C500 Ilud & Mun In 6s.. 31
4000 Hud & .Man rfd 5s 74 4
6000 III Steel deb 44h... 314
5000 Indiana Steel 6a. ..1024
1000 III Central rfd 4s.. 67 4
1000 do 4s 1953 81,
-?522 !ns Popper cv 6s.. 183
34000 Interll .Met 44s 734
31000 Interb It'T ref 6s.. 39 4
110000 Int .Mer Mnr it 4 4s 974
1000 Int Stm Tump et 5s 77
8000 Jnp new O S 44s. 764
.2922 J"lanese new 4 4s 83 4
13000 do 4 4s so
1000 Knn City So 1st 3s. 71
5292 KlnRS C" III Stli 4s 85
1000 I,iii-ka Steel ,'is 1923 394
2000 I.nkc Shorn em 3 4s 85 4
3000 I.k Sh deb 4s 1328 954
1000 1,1c Sh deb 4s 1931.. 344
2000 LIB li M T 5s 1024
3000 Ms & M T 7h 127
3000 Manhattan 4s 34
4000 .Minn & St I, 4s.. . 61
2000 Jt K & T 1st 4s.... 76
1600 do 2d 4s 41;
1000 M K & Okla 6s 60
J222 y." '"rifle 5s 1920. 884
1000 Mont I'ower 6s 97
16000 N Y Conn 14a 934
8000 Nat Tube 5s 1014
6000 ,V V C I, S ct 34s.. 86",
.7222. X,VC V !.. 86J
84000 do 44s 354
28500 do 6s 114'i
3000 N V City 4s 1968... 984
1000 N Y City 44s '60 rn.1024
C000 do 44a 1363 1071.
16000 do 44s 1365 1074
6000 N Y O & W 1st 4s.. 824
2000 N Y Hvvy ref 4s.... 764
13000 do adj 5s 614
1000 N' Y State II 44s.. 116
26000 N Y Tel (ten 4 4s .. 984
6000 N'orf W Poch 4s. 89 4
2000 Norf t West 4s . . . 934
1700O Nor Pac prior 4s... 934
8000 Nor Pan sen 3s .. 664
12000 Pacific Tel 6s 1004
1000 I'oco Col 6s 89 4
1000 Penna. Ken ct 44s.. 1024
17000 Iteadlllff Ben 4s 954
1000 llepub Cuba 44s.. 84
1000 da 5s 1914 914
20000 Hep I Si S 6s 994
4000 Hwy Stl SpB 6s 1931 954
4000 St I, 1 M & S 4s.. 80
1000 St 1, 4 3 K con 4s. 70
11000 St 1.S8P sen ct 4s (94
4000 St 1. S V en 4s 634
12000 St I.oula Swn 1st 4s. 78 4
3000 Sparta 4s 314
6000 San A & Ar I' 1st 4s 67
lauu noutn lieu cs 101
2000 South Pao 4s 874
juuu ooum t'ac cv
iinnn .in ,. . t
nunnn Cm.th (i..... ......
auu... UW,. l.n J bill 10.
3000 South Hwy con 6s.. 103
3000 Third Ave new 4s..
1000 Third Ave adj 6s. .
2000 Toklo 6s
7000 II S Steel 6s
12000 Union Pac 1st 4s..
evuw uii itn;o a r IB.,, u
3000 Va Car Chm Int Km q1
1000 Va Hwy 5s 984
SOOOWTiSt
(AAA ,uu
1000 West bhore 4s 914
I,ow.
974
1024
94
1104
1064
70
94 4
87
904
32
93
914
97
102
100 4
1014
88 4
103 4
304
131
874
324
814
83
98 4
984
9 9 4
92
106 4
100 4
103 4
1024
754
8.1
99 4
1014
1004
97
78
57 4
714
72
304
744
914
102 4
57 4
86
183
73 4
994
97 4
77
76
83 4
86
71
85
994
854
95 4
94 4
1024
127
32 4
1.0 4
76
46
60
88 4
37
994
101
864
86 4
95
114
984
1024
107
1074
824
764
614
116
984
894
934
93 4
664
inAir
Close.
84 4
974
97 4
1024
94
1104
1064
70
34 4
88
904
32
93
914
97
102
101
1014
88 4
1034
304
131
874
924
814
83
38 4
98 U
99 4
92
1064
100 4
103 4
102 4
754
83
99 4
1014
1004
97
7H
674
714
31
74 4
914
102 4
67 4
86
183
73 4
994
97 4
77
76
83 4
86
71
85
99 4
854
954
944
102 4
127
924
61
76
46
60
88 4
97
934
101
86 4
864
95
lit
98 4
102 4
107
1074
824
764
614
116
984
894
934
93 4
664
100 r
mot lOU".
894 89 4
1024 102'i
QRli OIL
s 101
874
4s 884
f P 6s. 1044
en 4s.. 714
82
83
78
1014
97 4
43
llwy 5s 984
ash 1st 5s 1044
: Klectric 6s... 1034
. Md 1st 4s 724
ShnrA Am ai Li
95 4
Si
94 4
99 4
95
80
70
49U
63 4
78f
914
67
1004
87 4
88
1044
70 4
1024
82
83
774
104 4
974
43
99
914
1044
1034
724
914
954
si
94 4
994
954
80
70
4'ft
634
78 4
lv
88 4
1044
714
103
82
83
78
1044
974
43
99
984
1044
1034
724
914
Total sales, tl.630.000, compared with $1,.
013.000 lat Saturday! for rek, flt,'jl2,000i
MARINE RATES ADVANCED
NEW YORK, Feb. 26. Marine Insur
ance rates to all South American ports
are today 3 per cent., an advance of Vi
to per cent, from the rates quoted
yesterday. Rates to England and Euro,
pean ports are 1 to IV3 per cent, accord
ing1 to the boat, the cargo and the destina
tion. These Increases are the result of re
newed submarine activity and the fears
of further captures by the German raider
Moewe, now said to be lurking In South
American waters.
American Institute Bankers' Dinner
The 15th annual banquet of Philadel
phia Chapter, American Institute of
Banking, will be held - In the Bellevue.
Stratford Hote.l on Saturday evening,
March 4. Covers have been provided for
354 members and guests. This will be
the largest dinner ever given by a chap
ter of the Institute.
Joseph Wayne, Jr., president of the
Qirard National Bank, will be the toast
matitcr, and the other speakers will be
John J. Arnold, vice president of the
First National Bank, Chicago, who will
dlsousa "Our Domestic and Foreign Re
latlona"; the Rev. Charles Wesley Burns,
pastor of the First Methodist Episcopal
Church, of Germantown, who will talk
about "A, Bit of Dry Toast," and Robert
H. Bean, of Portland, Me., president of
the American Institute of Banking.
Stock and Bond Issue Approved
COLUMBUS, O.. Feb. J6. The Public
Utilities Commission has given its ap
proval to the Kermlt Gas Company, of
Want Virginia, to issue 9.000,000 common
tok and 17.6Q0.0W lirst mortgage bonds
to purchase the property of tha United
Fuel Company,
New York Stock Sales
Ahtslca OoM Mines ...
AltU-ChalmCM Mfe pf.
Am As Chemical
Am licet Sugar
Am Drako 8 & F ......
Am Can
Am Can pf
Am Car & Fdy
Am Coal rroducls. . . .
Am Coal Products pf.
Am Cotton Oil
Am illdo A h pf
Am icn Securities
Am Mnsccd
Am Locomotive
Am T-ocomollvo pf. ...
Am Smelt c Itef
Am Smelt & Hcf pf...
Am Smelt pf A
Am Stool Foundries...
Am Suear lief Co
Am Tel & Tel
Am Woolen tr rets....
Am Woolen pf (r rets..
Am 7-lnc I, & Sm
Anaconda Cop M
Atch Top &H V
Haiti Loco Wks
Ualtlmoro & Ohio
Ilaltlmoro & Ohio pf...
llalopllas Mlnlnc
llrooklyn Hap Tr
Urooklyn Union (las...
llruns T ,V It It sec...
Hutte & Superior
Cal Petroleum
Canadian I'aclITc
Central Leather
Central Leather pf
Chandler Motor Car. . .
Chesapeake ."t Ohio....
CI1II0 Copper
Chlno Copper
Chi M & St Paul
Chi M & St Paul pf . .
Chi & Northwestern..
Chi It I & Padllo
Cot Fuel & Iron
Comput-T-Itec Co....
Continental Can
Consolidated (Jas
Corn Products ltef . . .
Corn Products Itef pf.
Crucible Steel
Deero It Co pf
Detroit United llys ..
Distill See Corpn
Dome Mines
Krle
Krie lstpf
Krlo I'd pf
(Jen Chemical
(ieneral Electric
Goodrich UK
Goodrich 1) V pf
Granby Consol
Urecni'-Cananca
Croat Northern pf. . . .
Ot Nor cfs for ore pf.
liuscenhclm Expln ...
Int Agricultural
Int Paper Co
Int Con Cor v t c sh.
Int Consol Corp pf. ..
Ins Con Copper
Int Harv Corpn
Int Harv N J
Int Nickel vt cfs....'.
Int M M cfs of dp...
IntM M pf cfs of dp.
Kan City Southern ...
Kan City South pf ...
Kcnnecott Copper
Lack Mecl Co
Lee Rubber & Tiro...
Lehigh Valley
Loose-Wiles Biscuit. ..
Loose-W Ills 1st pf...
Lorlllard P Co
Louis & Nash
Mackay Cos
Mackay Cos pf
Manhat Shirt Co pf . .
Maxucll Motors
Max Motors 1st pf...
Max Motors ad pf ...
Mexican Petroleum . . .
Miami Copper
Minn & St Louis
.Mo Kan & Texas pf . . ,
Missouri Pacific ,
Mo Pac tr cfs
Nat Cloak & Suit pf. .
Nat Enam & S Co...
Nat Enam & S pf. . . .
Nat Lead
Nat Lead pf
Nev Ccn Cop
N Y C & II B
N ,Y Chi &. St L ,
N Y C & St I, lid Pf . ,
N Y . II & II
N Y O & West ,
Norfolk & Western. . . .
Northern Pacific
Ont Silver Mln
Pacific Mall
Pacific Tel & Tel
Pennsylvania It H
Peoples (Jas Chi
Philadelphia Co
Pitts Coal Co XI
Pressed S Car
Pullman Co
Quicksilver
Ry Steel Sp
Ray Con Copper
Reading
Reading 1st pf
Reading 2d pf
Republic I & S
Rock Island
Rock Island pf
Seaboard Air Line pf. .
Sears Hoe & Co
Sbat Ariz Cop
Southern Pacific
South P R Sug pf...,
Southern Ry
Studebaker Co
Tenn Copper
Texas Co
Third Avenue
Union Pacific
Union Pacific pf
United Cigar Mfrs pf,
United Cigar Storos. . . .
United CigarS pf
United Fruit Co
U S Iml Alcohol
United Rys Inv Co....
Un Rys Inv Co pf
U S Really & Imp....
U S Rubber
U S Rubber 1st pf....
U S Steel Corpn
U S Steel Corpn pf...
Union Bag & Paper..
Union Hag 4: P pf....
UtBn Copper
Va-Caro Chem
Va-Caro Chem pf
Wabash ,..
Wabash pf A
Wabash pf H
West E & M
Western Maryland . . .
Western Union Tel...
Wheel & 1-ake Erie. . .
Willys Overland
WooWojth F W
63 -W
10 - M
29 - JS
22 - H
on - i
102 !
Net
Hlh. LoVv. t.st. change.
. 22! 22H 22X - H
. 80Jf 80 SO - M
. 03 OS 08 -H
O0' 07,'f 08 -1
ioif 101H loin n
. 02l( 015i 01H -
iim iiw nuf .?
. WW! 08 08 -W
.105 HH l(Mf 2Jg
llfijf 115! Ilftil - "l
. f3!f 03
. 49 40
. 20" i 29
. 221, 22
.71", cm
.invt 1112
VW.( !)SH 9SM -Df
.112)4 112 112!i
. 03 03 03 - )i
. fi3 f3 63 - H
112,'f 112H 1I2H H
127JI 1275S 127M ..
. 63H r,'2H 621a -1
. 09)5 09 09
, 81, 78 78 -3
, mi S7 S7 -IX
103U 103)f 103'f
103 104'S 104H -3U
87 Mt!f 801f - !f
70 70 70 h
Hi 2 2 - H
SOU 863J &Vi H
120H 120) i 129)a -1
. 10'-j lOJi H))5 H
02 Oll'i 00!$ -1
30 29' i 29) j - M
108! j 100)4 lDO'f
61
63H 63)5 - H
110'f llO.'i llO.'i H
01
02
23' 5
67! I
01
01
01 'f
23'i
60!3
01
01
02 H
23' i - H
60i - '.'
91 - ),
PJS'i 128)5 128)5
121
4Vi
ASH
Nl)5
12;
18!f - H
13 -1
48)5 - J5
MH5 )i
IS) i
43
48' 3
S014
.133)5 133'f 133M if
. 22' 2l'f 21!f -1
0(1? 1
7C'f
06
S7
46
23.' j
30
62 '.
46
200
0(175
70)5
06
87
111','
21'
3li!5
62i
46!f
290
lOO.'J
Tl'i
00)5 -
70'3 -2U
06
87 -1)5
46'f -1
23J5 - .'
30 - M
62'f U
45' i )i
!00 4
109H llilljj - '
rt) 70 -Vi
114)5 114)5 114)5 5
00 00
40!5 ACtH
120)5 120.U
00
40)5 H
120.' - H
43 - ii
21'i
21)3,-2)5
11 4- ).
17)1 M
733 - ii
46 - 55
0SU - !i
100)5 M
47 -1
15'f -1)5
07)5 -2'i
20)5 y,
00 A
64!5 - A
77)5 )5
50)5 - M
7S!5 75
17 -3
00 - )5
107)5 107)5 107)5 - .'
. 44 43
. 2I!f 21J
. 2155 21!f
. 11 Wi
. 1755 17H
. 73' 5 73H
. 4655 45
. 08!i OSU
.110 100)3
. 48 47
. 10U 15U
. 00 075s
. 20H 25)t
. GO 00
. 65' i 51U
. 78' i 77)5
. 51 60'5
. 78'' 77J5
. 17 17
. 0.175 00
.122).
SO),
. 07)
.110
04 J
. 85' i
. 49U
10-W
. 3055
. 5
14
1225, 1225 25
Ml). SO) 5 - 55
07)5
110
07)3
111)
(3!5
K,H
40
00)5
30
5
11
W
111
2515
07! 5
07) (
115
105
10W 104
33 33
4!i
111
25
07
00' 5
115
10' 5
1
03)4 -1)4
Sfllj
40
00J5
yij
5
14
5
47
111
5
07
00' 5
115
10' 5
101
33i
-454'
- U
- a
- M
- M
-l'
07)5
28!,'
117
113
7
2375
37
57)5
103
42
32
l0'
as
110
112!,'
52)1 -0
07)5 - )5
asu 1
110 -1
112),' - 51
22!,' 22)5 -1)5
J7 37 - ii
57 57 - )i
102)f 10251 - )5
41 - 55
31)5 i
55 - 55
10215
15 fi
30)1 - )1
2475 - )3
SO -f- H
43
43 - H
51)5 - Jj
51
75
35 -1)5
17-U5 -1
3SU J,
9SU - 75
109'1 - )i
ao)i 4- ),-
111 -451
57
203 -2li
CO) 5 H
13315 133)5 - ?1
8.3)5 KM 55
108 108 2
05 0)5 - J5
1151 1151 - 15
14a 142)1 -2i
148)5 14011 1401-i -aH
15 13)5 144 1
29)5 28 29)5 H
4555 4555 -1)5
51 51 - )1
107 1071 107)1 )1
8.351 8251 8275 5i
llfi'l 11051 110)1
751 751 71 - )'.
2955 29 2955 4- )i
10255
4),
391,'
.25)5
8155
43
43
52
3015
175
30)1
OO'l
100'1
20) j
140
57)5
203
G01J
134!1
83)5
10$
05 i
1151
115i
40
M
41
aw
55
102)5
4)5
30'1
2475
70)1
43
43
51)5
35
174'5
38)1
0851
10911
20)1
141
57
203
00)1
8555
40
109
14
4311
20)1
05'i
20) i
88)5
3!f
83)5
40
109
14
43
20
0451
20)5
88
3)1
83H
40
100
14
43
20
0175
2055
88
3W
-Ui
- 55
55
55
M
207)1 20771 207)1 -251
121 121 121 ),
Total salts, 211,800 shares, compared with
25K.U0O shares lost haturilari for utek, 1,830,.
ZOO sharcit ht uctk, 3,003,000 shares.
RAILROAD EARNINGS
MISSOURI. KANSAS AND TEXAS.
. 19 1 8 Increass
Third viik February. S603.901
From Jul 1 20.93O.48S
CANADIAN NOnTHBRN,
Thirl week February. 1551,000
From July 1 18,591.300
TEXAS AND PACIFIC.
Third week February. 1376,6:
From July 1 i:.7S,3M
WHEELINQ AND UKK ERIE.
???.?? 1179,091
JJ6.6SH 2!I, I6S
S91.30S
l.:09.758
1140. SOO
t.3oi,:oo
813.4E9
505.3(7
January Kru
Net
Seven months gross
Net
Decrease.
8,095,968
1.976,470
1.914,992
1. 140. 764
GOVERNMENT BONDS
is of 1930 registered
2s of 1930 coupon
Panama 2s registered .......
Panama U 1931 reltered. . .
Panama new 3s registered. .
Panama new 3s coupon . ....
3s of 1918 registered.
2s of 1918 coupon ..,..,....
4s of 1925 registered ,
4 of 1925 coupon .........
Hld Asked.
91
.. 99
99 'i
..03 103
..103); 103),
..102 10J
..103 ..
..H0J1
..lltii 11)
BANK CLEARINGS
Bank clearing today compared with corre
sponding day last two years:
11. . 1915. U14,
Boston ..,8J2.13.063 J36.409.I21 $31.1J4:il0
BAR SILVER
Bar sliver la London today wa quoted at
27d., off l.ltd,
OommersUl bar Uver la New Tork u
twt4 at Mm aU, a -t-
LONDON MARKET
: BY HEAVY SNOW
Sweden Eases Gold Demand
in Fear of Food and
Goods Famine
TALK ON TARIFF PLANS
By FRANCIS V. HIRST
Kdltor of The Kronomlst. London.
Sfifdnl t'nMe In the Kventttg -crfocr
LONDON', F4. 26. A heavy (mow Is
BUBpcntllnR communlcntlon with tho prov.
lncos niul liaa reduced stock oxclmtiBo
activity.
Oolil economic) nro tnkltiB a fresh turn
now thnl tho Swedish I'nrllnment haB re
llevctl tho Swcitlsh IUkshanlt of tho neces
sity of ncccntltiR 11 ml coining pold. This
notion hns been nilsltitorprctetl here. It Is
partly to defend Sweden from German
Bold nnd to force both Ocrmnny and tho
Allies to cxclmtiRO Roorts for Roods, utner
wlso Scandinavia fears a famlno of food
nnd raw materia. s. Thus gold may loso
Its sovereign power ns a remedy for n de
preciating currency.
I do not Interpret" Premier Asaulth's
speech as n. refusal to consider any peaco
terms. The repetition of the Guildhall
formula must, be read In tho llRht of tho
Dublin utterance quoted by C. 1'. Trcvel
ynn, and which Mr. Asqulth hns explicitly
recognized as still valid and operative.
Peace, of course, Is unattainable till the
German Government relinquishes Its an
nexationist nmbltlons, but our Parlia
mentary discussion of peace terms does
not mnko negotiations moro dllllcult.
The after-war tariff problcni grows In
Interest. Tho firm free trade attltudo of
30 out of 33 directors of the Manchester
Chamber of Oommcrco gives a pattso to
tho protectionist agitation. Algernon
Klrth, tho Premier's cousin, however,
moves n protectionist resolution next woek
nt tho annual meeting of tho chambers,
but most ot the Hrltlsh chambers of com
merce havo been protectionist for 10
years. They wero supporters of Joseph
Chamberlain from tho moment of his con
version to protectionism, nnd afford no
Index to public opinion.
Portugal's requisitioning of Interned
German ships suggests nn cxnmplo which
might bo followed by Italy and others.
Portugal's trado with tho Portuguese
colonies Is doubtless suffering from a
shortngo of ships.
NEW YORK BANK STATEMENT
Heavy Increases in Loans, While Re
serves Fell Sharply
NKW YOIIIC, Feb. 2G. An Increase of
$48,791,000 In nctual loans was reported
by the banks for tho five-day week. He
serves fell moro than 17 millions, wlillo
deposits rose over 31 millions.
Total loans wero $3,360,230,000. with
total deposits of $3,437,924,000 nnd time
deposits of $153,505,000. The nggregato
reservo was $734,423,000. Details follow:
C'lcnrltur House members, average:
InprptiHp.
I.o.-mn $35,510,000
IVpnxlW 26.2S7.000
Tlmo ili'lioslts 705,000
ItrsnrVi'S 13.014,030
neurit):; Houso members, actual:
I.nans
llfposlts
ifpnsiiH
Tllnn
Hiwrvo
DPlTt'HHC.
48,704,000
34.273.000
1,854.000
17,009,750
BANK BUSINESS BOOMING
Philadelphia Second Only to New
York in Point of Increase
Continuing tho steady expansion recent
Iy shown, bank clearings Increased 49
per cont. throughout the country this
week. Philadelphia was second only to
Now York In rate of gain, business show
ing a jump of 63.3 per cent, over last year
at this time.
Tho total figures wero $3,952,077,660,
against $!i,02l,S26,548 last week and
$2,6.12,580,859 tho corresponding week last
year: l-
1016. 1915. r.c.
New Torlt. $1,550,341,073 31.122. 739. 031 74.3
90.821.480 41.6
98.111.327
22,590.045
3
38.0
222.633,791 4-15.0
linstnn. .
Phllailel. . .
Ilaltlmoro.
fhh'nffo. . .
St. I.nula. .
Nw Orl'ns
Seven rltles.
5 days.. 12.038, 836. 298 $1,632,433,134 61.8
Other cities,
Cdiiys.. 578.224.381 491.072.36917.7
130.990.100
102,191.007
31.171.089
206,013. 7"
0.1.834.247
22.304.240
62.731.144
16,905.713
21.0
31.4
Total nil cities.
5 rinys.. $3. 217.069, 679 $2,123,506,603 61.6
All i-ltlca.
ltlay... 735.916,981 629.076.38639.1
Total nil cities
forweek. S3. 952.977.660 J2.662.580.889 49.0
FOREIGN EXCHANGE
NKW YOItlC. Feb. 26. The foreign ex
change market was somewhat Irregular.
French exchange nnd sterling showed a
better tone, whllo rubles, for some unex
plained reason, were quoted about i
point under the average figures of the
week. German and Austrian exchange
was dull and nominal. Stockholm was 5
to 10 points higher. Swiss cables shaded
about lVj points, and Italian cxchntiRO de
clined about 2 points. Quotations were ns
follows: Demand sterling, 4.76 if, fj
4.76 9-16; cables, 4.77; franc cables. 5.86-;
checks, 5.87; Telchsmarks, 73 3.16iJJl73,i ;
lire cables, 6.70',i: checks, 6.71 Ui Swiss
cables, 5.22 Wi checks, 5.25; Vienna, 12.75
nnd 12.80 unchanged. Stockholm, 27.90
nnd 28.10; pesetas, 19 nnd 19.05; guilders,
42 Vi nnd 4 2 ; rubles, 31 V4 and 31a.
The murkct closed dull and f'aturoless
at 4.75V4 for demand sterling and 4.77 for
cables. Francs wore unchanged at 5.86 H
for cables and 5.87 for checks. Itelchs
marks were nominal at 73 3-16.
RATES FOR MONEY
New York
Philadelphia
Iloston ,
Chlrat'o
commercial paper.
adelphla. Z'.i&i per cent
Call. Time.
S22 2H3
3Vi0l 3', SIM
3,, 4 fi4ti
..... 3H04 4 M,
three to ill months, Thll.
LOCAL MINING STOCKS
TON'OPAH STOCK8.
Jim .Duller 94'
MarNamara 02
Midway ,,, 14
Mlzpah Ext ..!.;.,.,... M
.Montana ,.,.,. .24
Northern Star 14
lunopait iieimom ,,,,,
Tonopah Kxtenslon ,,
Tonop.ih MlnlnsT
Rescue Kula ,
West End
18
6
06
.73
Ask.
.95
.04
.16
.20
.25
.16
4 7-1 8
4 7-16
.75
.18
.04
.40
.03
.04
.08
.05
.07
.48
.85
.16
1.12
.18
.06
.08
.05
.03
.03
.20
1 85
finr.PiEi.n RmeKH
Atlanta 18
Illue Hull ,,, ,03
llonth ,.,.,,,, ,39
Jlulldin 03
cod ,;;;; 03
4 omb Krac , , 06
Illamondtleld 11 II ,03
Ilalsy : 06
Florence ,ik
Ooldlleld Consolidated ,..,!! .83
floldneld Merger " .15
Jumbo Ext 1.10
Kewanas ,,, 17
Oro 04
Hand Ken ...;;:;:!; sj
Sliver Pick ..'.'. :5J
, , . JIISCEM.ANEOUS.
Kalrv Axteo 01
Klmberly oi
Nevada Hill " ,9
Nevada Wonder 1.50
NEW YORK BUTTER AND EGGS
e.rEW .X.0Ul?- Febi "UTTBIl. Market
firm, with sharp advances. Herelpts. 776J
packages. Extra creamery. 36JS'ic : hlrher
scoring-. S7J7Wc! Statdalr" 3,36c. j Im.
Itatlon creamery not quoted. ... "
EOaa Market, firm. Ilecelpts, (0( cases
Extra Orsts. 26Mc! first.. 24 26c; nearby
whUe,,..U?V near. .browns, 2(027c.i mixed
color, 24tJ2c; refrigerator best20201ic.
High Prices for Spelter
BOSTON, Ftb. 26 Almost 22 centa a
pound has been paid within the, last fevH
aaya ror prime western brands of spelter
for the second time In history. The top
figure at which busInejw.hiB been done was
21H cents a pound althoush 22H cents
was asked on some Inquiries. This bus
iness covered nearby requirements.
Sales in Philadelphia
Hlffh.
25 Am aas 122
6 Am Itwys ... 30
25 Huff & Suo t e 41
1 Cam Iron ... 46
10 Cam Htcei 81.
20 Ins Co N Am. 26 ',4
10 Pa Copper.. . 64
1510 I.k Sup Corp. tl'i
10 I.eh V Tr pfd 43tt
25 Nev cons ... 16H
164 t'A ft II .... 678
30 ln Salt Mfc.lOO
16 IM Steel .... 70
36 do rref ... 98-i
130 Phlta Co ... 42
40 l'hlla Klce .. 27't
100 111 T tr ttfs. 19i
29 l'hlla Tr ... 79 U
306 HoiKllnn 80H
10 Ho IM3 99 .
696 Ton Del Hi
740 Ton Mln ... 6!i
lS.Un Tr 4J',i
10 U a I 90
1930 V B Steel ... 83 U
60 Cramp A Sons 73
Low. Close.
122 122
Net
dure.
1
30
41
48
81
25 IS
64T4
IIW
43 ti
UH
67 U
100
70
93U
42
27 i
19 U
79
80
99
44
H
43
90
82Ti
73
u
30
41
46
81
25H
64
11 tt
42
16 H
67 U
100
70
98 i
42
27 i
19 H
79 U
80
93 K
44
6-
43 4
90
82
73
u
u
1
V,
Tnlnl sales, R775 slmrei, compared with
B210 shares biit Siitiirilnyi for week, 19,112
shiiresi lint week, r.'J.IHO shures.
iiu.xus.
Low.
81H
68
102s;
102
94-
90
102
100
09
84
96
Net
Closiv chtte.
81
Illsh.
$6000 Wee P Tr 4s 81
3600 tntst Ityn 4s.. 69
14000 l.ch N ca 4s.l03
2000 I, Vnl Rn 4 Us. 103
6000 I.k Hh 4s '31.. 94i
2000 IM ens 4a '43. 09
1000 do roii 4s.l02
1000 IM Md St 6S.10C
1000 PV & II t c 4s 09
3000 Phlla niee 4s. 84
7000 Head Ren 4s.. 05
3000 Span-Am t 6s. 102
1000 Hunll&W 1 Cs.100
800 Welsh Co 6s.. 97U
4000 York Ily 1st 6s 94
Increaso. Decrease.
Tnlnl sales. Ml, 100, romnnren1 with S76.000
Inst Snturdnjl for week, Sl07,000f Inst ueek,
$.111,000.
68
103
103 &
111
99
102.
108 U
99
84
96 ....
102 105 W
100 100
97 97
94 94
Local Bid and Asked
Today Yesterday
Hid. Ashed. Illd. Asked.
liuff A Sua t e 39 40 39 40.
do prnf 69 CO 69 f.0
Itrlll JO 30 39 36 38
Ilnldirln 105 105i 107 108
Cambria. Steel .81 81 81 81
KlectrlP Stornito .... 64 06 64 65
tlenernl Asnhnlt .... 36 36 35 36.
do prof .." 72 -72 72 72
Keystone Tclephono.. 13 14 14 14
(In t c 1.1 14 14 14
do prof 09 70 . 09 70
I,nko Sup Corp 11 11 10 11
Lehigh Nnv 76 77 70 77
LehlBh Vnl 78 78 78 78
Lehlah Vnl Trans... 22 22 22 22
do pref 43 44,, 43 44,
renna 67 57 57, 67
J'hlla Eleo 27 27I1i 27 27 Ji
l'hlla Co 41i 42 41 4l 42
do 6 per cent pref. 37 39 37 39 .
do 6 per cent pref.. 44 44 44 , 44
l'hlla It T 19 I9i 19 20
dote 19 19Ji 19 20,,
Ilendlnc 80 80 79 79
Ton ltd 4 4 7-10 4 4 7-10
Ton Mln "i fii 6 13-16 0
Union Traction 43 44 43 44,,
II () I 90 90v 90 90
II S Hteol 82; 82 83 83
York Itwy 104 11 10 11
do pref 37 38 37 38
Wm Crnmp t c 71 73 70 73
Financial Briefs
STEEL BOOM SHOWS NO LET-UP M
ALGOMA CONCERNS TO REORGAlfilj
Lake Superior Responded to News With Moderate I,
vanco on Lnpfil "RypIi micro AnfViniifn m i J
. Handicapped by Lack of Cars
ferrcd to Steelton or Snarown tii
will take their places nt n.thh k
Tho local stock market today w..l
cccdlngly quiet with lnslgnlntLY '5
chanBes. KncournBln,r renorUof f".
Sunerlor Corporation rarnlnn lift, Vf
stocic a fraction further. Annou
wns made that a mcctlt,B of fi
the Ilrst marlKam 5 per cent "
Bold bonds of tho AlRnma rw. 1
mlnnls, Limited, and SSS hoM? r?1'
rlrst mort(raBo 5 per cent gold bnT
tho AlBoma Central and Hud,
Itallway Company will b0 held taL?
on March 24. Tho purpose hut'
nlflnr nlul nrn.n -, . l" COT
A moro rapid pace than evor has been
set by tho steel Industry. Rven tho re
cent sharp advances In prices of products
have not checked the buying. Also de
mand has nBaln set In for pig Iron after
nearly two months of stagnation, whllo
producers do not seem nnxlous lo boII.
They nro said to havo orders on their
books which should take care of their pro
duction ns far nhend ns next August. Tho
best opinion ha . It that tho boom In Bteel
will last for tho duration of tho war, de
splto tho approach of dangerously high
prlco levels. Predictions nro oven being
freely mado that bars, plates nnd shapes
will reach :t cents ,t pound within 00
days, nnd 5 cents at tho end of the year.
A further ndvatico nlso Is foretold In Iron
nnd steel pipe.
It Is Interesting to noto In this con.
nectlon how tho two big mergers recently
effected will bring nbdut n. now nllgnment
In the country'n steel Industry. Hereto
fore thcro havo been two general desig
nations, tho United States Steel corpora
tion and tho so-called "Independents."
Now with three big combinations In tho
fleld tho remaining outside concerns form
a relatively small proportion. Formerly
tho steel corporation exceeded the output
of all tho concerns combined In rnlis nnd
wlro rods nnd did more than 10 per cent,
of nil other classes of production.
Just returned from nn Inspection of tho
Pennsylvania Htcel plants, R a. Ornce,
president of tho Ucthlehcm Corporation,
says that tho Improvements In be mado nt
thoso plnccs will not Interfere with the
program of extensions for the llcthle.
hem plant. If any of tho contemplated
Improvements at tho latter nro trans-
slder nnd npprovo a schemo of .?T
ment prepared by a committee r,? p
Ing the bondholders of 11, ""'
provided for tho reorganization 'Tt
companies and readjustment of ih.i.l
latlons with each other. j
Provision nlso will be nude fjfl
modification and compromise of thH
of tho holders of each class of bol"!'
respect to tho mortgages rcspecthi,
curlngthom. ' "'Wj-
The nnthraclto Issues also dlsnla.J,
firm tone. Lack of cars continue (vr'
dlcap tho hard coal trade, wl h "n,w t
land tho chief sufferer. The result i.'
curtailment of production nt the collieS;
Bomo of which havo been forced 16
tlally closo down, consequently the .
for February Is unlikely to run 2
abend of that of tho corresponding S,
In 1DIG. Nevertheless, prices have
fully maintained. A steady ImnJ!.!?'
ins been shown In tho bituminous nunV
this week nnd quotations have adm5'
Premiums nro being paid at plefJjoK
PHILADELPHIA MARKETS
In addition to tho regular annual 7 per
cent, dividend, tho Imperial Tobacco Com
pany, Ltd. has declared a bonus of 25 per
cent, on tho ordinary shares.
Copper exports from Atlantic ports for
tho week ended February 2t, total 10,108
tons: slnco Februnry 1, 19,375 tons.
Commercial failures this week In tho
United States wore 407 against 428 last
weok nnd 618 a year ago.
The Bank of England reports th
amount of currency notes outstanding as
93.005,327, against 93,157,317 last week
The amount of gold held for the redemp
tion of such notes remains at 28,500,000.
Chandler Brothers & Co. say there has
been the dally liquidation of moro or
less foreign held stocks. They havo been
nhsorbed without any serious decline In
prices.
Bids will be opened by the flnanco com
mittee of Wilmington City Council on
March 6 for tho sale of $105,000 worth of
4 Mi per cent, city bonds, of which $55,000
of the Issue will bo used to redeem water
works bonds maturing this year and the
remainder will be used for Improving tho
fire and police signal system.
Tho Chicago Itallway equipment report
for year ended December 31, 1915, shows
total undivided profits of $101,475, an In
crease of $72,059 and total assets of
$4,351,415.
The gross earnings ot 37 railroads in
the second week of February were
$11,724,704, Increase. $1.354,000.
Bradstreet's says: "Trade ns well nB In
dustry stilt moves nt n brisk pace, prices
continue to advance, delivery of raw and
finished materials are complained of ns
slow, railway trnfTlc Is congested, supplies
of money nre plethoric, collections are
good, and buyers of some lines, fearing In
sufllclent supplies or still higher prices,
havo put out orders for delivery."
The Bank of Cuba has this week shipped
$1,000,000 In the new Cuban coinage to
Havana, $500,000 having been sent from
Philadelphia and $500,000 from New York.
RAILROADS SEEK EQUIPMENT
M
Inquiries Are Out for 15,000 Freight
Cars, Despite High Prices
Ballroads nil over the country have
within the past week come Into the market
for car equipment with greater force,
and it Is said that today there nre In
quiries for 15,000 freight cars, The high
prices for steel and the Inability of the
car manufacturers to make early deliver
ies havo caused the abandonment of a
number of other Inquiries.
Tho "Wabash Pittsburgh Terminal Is In
the market for 800 gondola cars, and the
areat Northern for 500 refrigerator cars
and' 25 olltank cars. The Chicago, Mil.
waukee and St. Paul has ordered Its Mil
waukee and Tacoma Bhops to build 260
automobile cars and 160 logging cars.
This same road has asked prices on 100
steel flat cars.
Du Pont Annual Report
In Its Initial annual report the Ii I. du
Pont de Nemours & Co., successor to the
13. I. du Pont de Nemours Powder Com
pany, pays: Operations were conducted
under the latter name during nine months
of 1915, or until October 1. .Since that
date the business has been under the
present corporate name.
The combined income account of the
two companies In 1915 we compare with
that of the 13. I. du Pont de Nemours
Powder Company and Its subsidiaries In
the previous year as follows:
Year ending- Pec. 31 1916.
Oross ...v.- m
Net ..tl57.S40.757
Kit. adj. and proflt
and loss on salt of
real estate, securl-
tl,H. etc
Interest on bonds...
Preferred dividends..
Common dividends..
Earn. cap. reore. &
rep. by stock of
new company
Int., adjust. & dlvs.
sub. co. stock
Total deducted from
net earnlm
Surplus for year....
Accumulated surplus
lo aaio
SS3.4S0
1,716,032
Z4.136.C72
29, ItS. 71
E4.U0.8S3
1.449.80.1
1114.
J!5.17,47
M0J.U3
135. 79
771.360
803,430
2.361.768
6.450
3,767,02$
1.136,124
7,(11.413
J. ill. 117
Indicates credit to profit and loss.
tAfter maklmr extraordinary adjustments.
Including very larso amounts written ott on
account of construction work for military
purpose.
DIVIDENDS DECLARED
. N?.w.,Y.,,rk J"?1' Company. II, payable
A pi 11 IS to stuck ot record March IS.
Tata Towne Manufacturlna- Company. re
uUr Quarterly IV Mr cant, payable April 1
to stock of record March 23.
OUU-Wrnllia Company, reeular quartarly
GRAIN AND FLOUR
WHEAT. ItetplptH. 135.00.1 hush. Specula
tion In the West wiih bearish nnd prices hero
declined 4c, with demand only moderate. Quo
tations: Car lots, In rxport plevutnr No. 2
red. spot nnd l-Vbrunry, Sl.10Wl.2t; No. 2
Southern red. 31.171.10; steamer No. 2 red.
il.ldSf. l.ISi Nn. 3 red. J1.1C5C1.1S: rejected A,
31.1.1,.4iil.llii4; rejected II, J1.12W1.14.
OOHN. ltecelnls, C710 bushels. Tlicro was
llltln tradliiE and no Important chaneo In
prices. Quntntlona: Oar lots for local trade,
as to lorntlnn No. 3 yellow, 81 'A l2Vir. :
steamer yellow, S05P81c; No. 3 yellow, 16H
77c: No. 4 yellow, 7170c; cob, per 70
pound"i, 78
OATS. Receipts, 18.180 bushels. Demand
wns llcht and offerings" wero nmplc. Prices
wero unchanprd. Quotations: Nn. 2 white.
64P54 Vjc.i Rtnndnrd white. 62M53c.: No. 3
white, Rl fEC2c. i No. 4 white, 4950c: snmplo
oats, 4058470.; purlllcd oats, Bradert, 61'.4D3e.
Fl.OUlt. Receipts. 8C0 bills, and 1.0.13,300
lbs. In sacks. TIutp was llttlo trading nnd
prices wero reduced 10(f25c. per hbl., In sym
pathy with tho downward movement of wheat.
Quotations per 190 Ibfl. In wood: "Winter clear,
$r.,10W5.r,r.; do., straight. JG.G5&C50; do.,
patent, JCOC..10: Kansas, clenr, Jule.aeka, J5
iD.35: do., HtrnlKht, Juto sneks. $r..40Cu1r.."0;
do., patent, Jute sacks, J0.70lil0.90; sprlnir,
Ilrst clear, jri.SOWB.GO: do.. ntralBht, J5.G0W
5. SO: do., patent. $r,(fi'0.25: do., favorite
branda, $G.2liie7; city mills, choice und fnncy
patent. $0.2557; city mills, reuular Krades
Winter, clear, J5.40WB.B5: do,, straight, J5.C5
6.90: do., patent. J(iG.:i0.
RYU I'l.ODR was In smallupply and steady
but ciulet. Wo iunto $5.G0(u;r. per bbl., as
to quality.
PROVISIONS
There wnn llttlo tnullnff, but values wero
Mead lly held. Quotations ratified ns follows:
City lifer, In sots, smoked nnd nlr-urlPd. 2IP
uric.; Western beef, in sets, smoked. S-Kftatfc;
city beef, knuckles and tenders, smoked nnd
nlr-drled. lHdS'27c., Western beef, knuckles
nnd tenders, smoked, '2ilii7c.t beef hams,
Sli-H:.!): pork, family, SHJ.r.uC:;:.: hams. S. P.
cured, loose. ir(tf Kic.; do., skinned loose. 10
(17c.; do., do., smoked. HYz W18 Uc; other
hams, smoked, rlty cured, as to brand and
nvcrnR-e. 1 H l"c. : hams, smoked. Western
cured. H',H("17c; do., bolted. boneles9, 27c.!
picnic shoulders. R. P. cured, loo3e, lO-Xc;
do., smoked, llftt&lSttc.t belllei In pickle,
nccordlnc to average, loose, l!Mii13c.: break
fast bacon, ns to brand und nverapn. city
cured, inline.: breakfast bacon. Western
cured, inside.; lard. Western, refined. In
tierces. llUc; do., do.. In tubs, HUc;
do., puro city, kettle rendered. In tierces,
ll'ic.i do., puro city kettle rendered, In tubs,
llUc.
REFINED SUGARS
The market wns quiet, but Arm. Wo quote:
Extra lino Kranulateil. C.25c; powdered, 6,35c;
confectlonera' A, G.lCc. : soft grades, 5. CO
6.10c.
DAIRY PRODUCTS
CIIRESE. Tho market was quiet with am
ple offerlncs at former rates. Quotations: New
Vork. full cream, fancy, held. 18M0!Saic.;
do., do., fair to Rood, held. 17'i ffl lS'.ic: do.,
part skims. Ilii(il6c.
HUTTKlt. Receipts of fancy Btnck wero
llffht nnd tho market ruled tlrm with solid
packed creamery acaln !4c. hlsher. Follow
Ine nro tho quotations: Western, fresh, solid
packed creamery, fancy specials, 39c. :' extra.
37c; extra firsts, .15636c.; llrsts, 3233c;
seconds, 28J?29c; ladles. 21023c: nearby
prints, fancy, 40c; average extra, 3839c. :
llrsts, 34U3Cc: seconds. 30W31c; special
fancy brands of prints Jnbblnfc lit 43 46c.
i:OOS. Thero wub a fair demand for desir
able fresh ckcs, nnd tho market ruled firm
under moderate offerlncs. Kollowlnc are the
quotations: In free cuBes. nenrby extrn, 27c.
per doz. ; nearby llrsts, J7.3S per standard
case; nearby current receipts. J7.20 per caso;
Western, extra llrsts. J7.35 per case; do.,
(lrsts. J7.20 per ense; Southern, per case, 50
ff7.20, as to quality; fancy selected esrea wero
Jobblne at 29031c. per doz.
POULTRY
LIVE. Offerings of desirable stock wero
moderate and Iho market ruled steady, but
trade was uulet. Following ara tho quota
tions: Fowls, ns to size and quality, ISWlTo. ,
roosters, 12013c: spring chickens, .soft
meated. 19W20c; do., stnggy. 14j15c: tur
keys. 20 $1 22c. ; ducks, us to size und qualfty,
18W20c; ueese, 1719c; pigeons, old per pair,
28 W :10c. ; do., young, per pair, 20022c.
UKESSil-lD. Offerings of desirable stock
wero moderate nnd tho market ruled steady,
but trade wus quiet. Folowlng aro the quo
tations: Fresh-killed, dry-packed Fowls,
12 to box. dry-pucked, fancy, selected. 20c;
weighing 4 lbs. and over, apiece, lOVsc.i
weighing 3!i lbs. nplece. ISWc.l welching 3
lbs, nplece. 18c; smaller Blzes. 16017c; fowls,
In bbls., dry-picked, fancy, 4 lbs. and over,
nplece, 19c: smaller sizes, 15018c: old
roosters, dry-picked. 16c: chickens Jersey,
fancy broilers. 24026c; other nearby fancy
broilers. 22024c; Western broilers, weighing
IVtitl lbs. uplece, 22024c: Northern Illinois
chickens, fancy yellow, weighing? .4, Iba. and
over In boxes, 21022c; exceptional lots higher.
Northern Illinois, fancy, weighing 2J4 03H
lbs.. In boxes. 18 019c; Northern Illinois,
fancy, weighing 2H03V4 lbs,. In bbls., 170
18c; other Western, weighing 4 lbs. and over.
In boxeB. 18019c; other Western, weighing
2V403H lbs.. In boxes, 16017c; other West,
ern. weighing 2 H 03 lbs.,, In obis.. 16016c:
Inferior. 14c: Canons, per lb. Weighing 80
is n. nnWn. !7ff028c: smaller sizes. 230
2Gc turkeys, fancy young hens and toms,
30c: do., fair to choice, 26028c: old toms.
25c; spring ducks, nearby, 18020c; do., west
ern, fancy. 17018c; do., do., fair to good, 12
016c; geese, nearby, 16018c: do.. Western.
14016c: Bquabs, per dozen White, weighing
11 to 12 lbs. per dozen, J6. 1006. 60; white,
weighing 9 to 10 lbs. per dozen, 85.5006;
white, weighing lbs. per dozen, S4.6O06;
white, weighing 7 lbs. per dozen. $404.25;
white, weighing 60BH lbs. per dozen, 33.160
3.40; drk. J303.4O: small and No. 2, 110
1 80' FRESH FRUITS
The market wus quiet and without Impor
tant change. Quotations: Apples, per bbl.
Jonathan, fancy. I3.2S03.75: do., fair
to good. 12.6003; Wlnesap. 32.5004; llaldwln,
J2. 6003. 25: lllack 'IV I if, J2.6O03; Grimes'
Oolden, 12.6003; Ureenlng. $2.2502.75; York
Imperial, $203: Hen Davis, $1.7502.25: other
varieties, $1.6002.60: No. 2, $1.2501.60; up.
ANNUAL ELECTIONS
2
COMMEKCI.W, TKU8T CIMII'ANV.
Philadelphia. February 24th. 1116.
At the Annual Election, held February 21st.
1916, tho following shareholders were elected
Directors to serve for the term of (our years;
Clement II. Newbold,
Heward Grosser,
Hamuel Ilea,
William C. iJproul,
Henry Tutnall.
Charlemagne Tower,
Sidney F. Tyler.
The Hoard of Directors Is now composed a
follows;
i nomas uewm uuyier,
C, Stuart Patterson,
Sidney F. Tyler,
Samuel T. llodlna,
J. It. McAllister.
William C. Sproul.
Morris I,. Clothier,
John It. Mason.
John P. Crozer.
K. W. Clark.
Clement II. Newbold.
Harry A. Uerwlnd.
William II. Barnes.
Caspar v aivriim.
At a meeting of the Hoard, held today, th
following officers wero elected for tha ensuing
'THOMA8 IJeWITT CUrLEn. President. '
JOHN II. MASON, Vice President.
C. P. I.INEAWKAVEH. Vice President.
II. W. HTBHFE3T. Treasurer.
HAMUE1, A. CROZER. Secretary.
MARK WIL.L.COX. Assistant Treasurer.
ffENKV C OIHSON. Assistant Secretary.
SAMUEL A- CUOZER, Secretary.
it w. niddie.
Arthur B. Newbold,
Samuel Ilea.
Horatio O. Lloyd,
Henry Tatnall,
Robert Iv. Cassatt.
Charlemagne Tower,
Charlton Yarnall,
William M. Ilarrett,
John Cadwalader,
Howard S, Orabam.
1.. K. Johnsun,
Seward I'russer,
JJIKKCTOHV OF ACCODNTAMU
CcrtUUd l'ubllo AccouaUnU
LAWRENCE E. 11KOWN & CO.
MIS B1JAL aaTATE TRUST UUL1DINO.
BURNS & SPEAKMAW
-ant ueurca.
les, In bulk, per 100 lbs.. r.n i .. .. .'-'
estcrn. per box. tl.26fi2i orineV." E7
per crnto, $2
JZ.6or;(ij Brniie
03: lemons, per box,
i-r'5ir- I'oriO RICO, i
r uox, i.dvp2; nranem w..,,
.litangerlne'sKlSid'a'Vfjf";
aperrult. Flnriia. per critt. .
vv, rvvm.
$304;
-' ;. :''cvin
ire n an, .,,.i,..,.T' "7;r"iyJ;u" rarw. lie-
ioVan.r cn'cod: pe"rcrate: $lr$ooi. '."
Jersey, per bbl., J70S: dn Jitm ' iS." 4?
$202.60: Btraw),oVrles7 Florida. perW2S
frlgerntors. 20026c: open crates. lSOiT
VEGETADLES '.
Choice stock sold steady with offerlnn ...
demnnd moderate. Quotations n$W
lC0.1;. D.u,"!--.?nP"-lvs.i. -It.lSOUl
"v. ivi inline, il.iitHBi jfj. u'-ii
101.10, .Whlto potatoes. jSi."S.
Rose. 60ff70e.: No. I'Ki
toes.
New V
rrn. S
basket No.
varieties.
potatoes. jtrer.
60070c: No, 2,
tntoes. Jersey, per basket No. i". 5IBC"
No- 2. 1602GC. Sweet potatoes. vImSJS'E;
iim., ii.BO0l.7S. Onona. per lOMi TWT
No. 1. $202.35; No. 2. 76c.0tl.:s, c,iHt
Danish, per ton $12016: do.. PlorWS
hamper. $101.25; do.. South Carollu'Lv
Y.HZjm1;'?' ';l"' c'lorlda.pcTCr.tt
$1.6002.60. Spinach. Norfolk, per Vbl, ift
$1.26. ICnle. Norfolk, per bbl., llblw
Lettuce. Florida, per basket. $102.60: Si
South Carolina, per basket, $182. Bmbi
Florida, per basket. $1.7502.50. Pmi. nS
da. per basket, $204. Peppers, FlorMt. hi
cnrrler. $t.5O02.25. Eggplant. Florldjiw
crate, $203. Tomatoes, Florida. Mr'curVr
Fancy. $202.60: choice. ll.60OUi. Sub
rooms, per 4-lb. basket. $101.40. -.
FIVE-CENT DROP
IN WHEAT PRICES
Both May and July 'Sold Off.
Receipts in the Northwests
Were Larger
1
CHICAGO, Feb. 2C Irregularity char
acterized tho trndlns In tho wheat market
In the early dealings today. At tha star!
May ranged from Jl.lOVs to J1.JIH.
against $1.18 at tho close yesttrai;
nnd July nt $1.15 to $1.15U, corapartJ
with $1.15 nt tho end yesterday. Unle?
renewed Belling May dropped to .17S
and July to $1.14. Followlng'thti'thirj
waa a rally and toward the end.ot tt
first half hour May was $1.183i'aiia JulA
$1.15i. Receipts In tho Northwest wert
large. May Hhowed n loss of 5tf ctntjit
tho closo nnd July 5, cents. (
Tho market at Liverpool opened tteadr,
but lator eased. It was expected. In
Great Britain that shipments fromiAus;
tralla nnd Argentina would bo larier.u
tonnage Is being obtained. It was bellered
hero that this competition would it felt
Tho receipts at Minneapolis nnd Dotal!
today wero D93 cars, ngalnst 2!7 carat
year ngo; nt Winnipeg 65G cars, aialnet
129 cars; at Chicago 266 cars. titM
51 cars, .3
Corn itarted easier, but had friends 0
tho buying sido nnd moved upward. Thl
market at Liverpool was steady, but'tti
demand was less active. The receipts hJ
today wero 219 cara. '
Oats wero Irregular. There was sow
buvlnir by commission houses. The re
ceipts hero today wero 216 cars.
Leading futures ranged as followi:
Oats
Mav ...
July ...
Lard
May ...
July ...
It lbs
May ...
July ...
I'ork
May ...
July ...,
Ild,
LIVE STOCK QUOTATIONS
rlllfAOO Feb. 26. HOGS. RrW
wSooP market. To'lMSe. higher: bisj WJ
butchers'. .ao0S.75i good i heavy, $)
8.76: rough heavy, $8.2008.45: 'lg,AjH
8.70: pigs. $6.8507.76! bulk, -""t
CATTLB. Ilecelpts. 200: ra;'tll
beeves. $6.6009.70: cow" and helf era- ' J
08.40; .tockens andfeeder.. ,8
Taans. ... laira.ov. ?'"" "vVi .leiirl
native and western. $4.2508.69! lamDS. "E
11.50.
n
rMA.ri
. . . . ... -mi
Wheal open. mgn. iw. i-'u;a,V.Tk
May 1.19V4 l.li 1.J3U J-JJn'H!
July ...,: 1.16W 1.16 1.10H 1.U UJJ
Corn (new delivery) ., ,,,u
May 774 78W 7fU ,7Jj JIjJ
Julv 77W 77 76 tHH 'J
. 45H H 4 4j JIJ
,. 43H 43 41H lV1i,J
.10.37 10,43 J2-25 IJ2-I5 nS'iil
.10.62 10.62 10.50 '10.61 IIM'8
,.11.60 11.52 11.37 11.45 tll.!
.11.60 11.02 11.65 ll.il tH.W
.20.82 20.90 20.67 20.75 ,.J1
!20!85 20.87 20.67 '20.70 tlMJf
tAskc(L X
M
INVEST IN MORTGAGES
AT 5.4
Recommended bj
BEN. T. WELCH
1328 Chestnut St.
SMI
FOR SALE
r.aR Ent?ine Plant
In full operation. Physical "J""2i
approximately $630,000. 250 """l
ploye.1 This plant can ,V?JTniitl
fne' manufacture of munition.. J
opportunity. Adlreas D 19. " .$J
l'ubllo ledger.
it
Charles J. Bender & Co?
inueCTlCNT HUnU-J !
Member. Philadelphia Block J&M
42X CHESTNUTSL!
..ail. Al)VKBTISEMEJ5L3
IST th undersigned has been JVs
.....i. audit, aettla du" '".jsTaH
"h. Cmmpn.ttUh.Tit "-,
Trust Company, coromi""-',,
CHARLES ,'uy8.h. Court W'tSiEl
!uompurJoU.Nof h.r.PntuMjW,
lytha iaW udttor on tb. th fW
Si part IM who Sav claims, '
an ft --- m.y appear r rS
5'Jfver comma- In won IJW
f
.,' Sfe;
Hal
mKB-'S "