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12
T3VENING LEDGKR-PHILADELPHIA, THtJBSDAY, MABOH 2, 1916-
FINANCIAL NEWS
..-I .-T.i . 1 . . . . . . - . ... - j l l III! I I I I l
SHOW OF STRENGTH IN STOCKS SHORT;
YESTERDAY'S BUYERS WERE SELLERS
Washington News Only Thing That Attracted Atten
tion Increased Dividends on Coppers Failed
to Awaken Bullish Interest
High Points in Today's Financial News
Butte and Superior declared fio extra dividend in addition to regular
quarterly of 75 cents. Consolidated Copper l'i 1-2 ctnis extra, and 37 1-2
cents for quarter.. Utah Copper $1 extra and $1,50 for quarter. Eastern
Railways granted petition by Interstate Commerce Commission for rehear
ing on export gram rates. West Penn Power Company merger approved.
Failures in February smallest since last November. Railroad earnings
continued to show up good,
New York Stock Sales
21
23
701J
(M
01
iH
IV),
21'i
nw
tAtit close,
Alaska (told Mines. . 21
AlllJ-Ch,ilmem W. . . 27H
Allls-ChAlmeri Mfe pf. 7.M1
Am Au Chemical...,., fiMf
Am Heel f-ugir 07
Am Dfet SugJif pf. . . . O.V i
Am Cn 5j7l
Am Cat ftl'iiy (WIS
Am C'ft ii Product, IA'
Am lildo fi Leather., o!
Am Hide A L p.' til
Am Ico .Srcurltloi. .. , . UHH
Am MnviM 21
Am Mnwdl nl 3.1
Am l.ocnmnllva f.i
Am Looomotlvo pf. . . . 1IXV-4 IDO1 j
Am Mult C'orpn pt... !12! .'13
Am mfs'l ft Hcf 07H l7
Am 5 melt .1 lief pf. ..112 112
Am fmdt pr 11 S7' 8 ii
Am Slcfl Found rls... 4u 60
Am Suear Her lOfl'i 110
Am Tel & Tel 1271,
Am Tobacco 11)1
Am Woolen Ir rets.... fills
Am Woolen pf t r 08! i
Am Writing 1' pf 11
Am Zinc I. & Sm 78'
Anaconda Cop M SMI
AtchTop & S K 102
AtchTop ft M F pf. ..101J( 102
nam Loco Works 102K 103
With, tow. Closo.
;05
27
70
nn
r,7t
no
mi
05
ico
O'i
4(M
'Mi
2)
mi
ask
Ilald Loco Wkspf 108M 10!1)i NllVi lOfl'-j
Halt ft Ohio 8.')
mil a own pr ro
Ilolnpllas Mlnlni! 2
liclhielipm Stool .(5T
llrooklyn It.-ip Tr... .. ,0
llutte A Superior 02
C'al I'ctroloum 27
N1TVV YOIIK. March 2.
Moderate speculative buying cruised a show of stronKth In tlio early trading
in today's stock market, but this movement was of short duration and was
followed by a display of llstlcssiiess all through tho rest of the day. In a dragging,
, downward movement nearly all tho early gains were lost, and thero wns noth-
' insr either In tho early advances or tho later recessions that could bo regarded
with any degree of significance.
Somo of yesterday's buyers were eager to', turn to tho soiling side and take
small profits, and tho Important houses, whon they appeared In tho market at
nil, wero sellers of moderate amounts of stocks. Little attention was paid to
nnyining outer man mo wasmngion situation, witn tno euorts or me re81 cal Petroleum pf...!.. fi8
dant to obtain Congressional Indorsement of his position demanding most attention. ' Canadian Pacific. ...1G-1
Th6 declaration of Increased dividend payments on tho copper stocks and
by Butlo and Superior failed to awakon any bullish Interest or to Induco any
Tallying outside of tho floor, A few of tho room traders made Utah Copper mnvo
up a fraction, but mot a supply of stock from some source, which they suspected
yras connected with tho controlling Interest.
United States Steel common ranged throughout the day from 81 to 80,
and showed only a trfllng not change at tho close. There was a fairly vigorous
advance In tho early trading In Industrial Alcohol, which was nlso followed by
a recession. An advance of more than two points In l'aclflc Mall wns regarded
with Indifference by tho speculative element generally.
Tho railroad stocks were quiet and made no response to the recent publi
cations of largo Increases In net earnings for tho month of January. Other
markets, Including thoso for short-term notos, public utilities and foreign
exchange, were equally flat, and evorywhoro tho disposition to wait for defjnlto
news from "Washington prevailed.
10),
27
VM
on
07
00
n.
too
'Mi
.10
SO),
ro
OS
.m loon
32H U'l
1)051 07
112 112
sou son
4I' 10,
lonw ioa'1
I 'Wit I97K 197U
mijf i4 mi
mi r,ii
OS1
ll!i
17H
nu
10'
102
1'U
DO
11)1
mi
102M
r,i(
11)5
77)1
Ml
102
102
101-1
hO
70)
mi
70
-31
10 1 -100
; 0H i Ml
27X 27
r.nu'
5SW
r,2H
104
R2H
Central Leather 12K
Central Leather pf..,.110) 110)1 110J1
cnnndler Motor (I0V$ lid), 1)0
Chesapeake A Ohio 015S
Chile Copper 23
Chlno Copper f,7
Chi Mil A St 1' 02'
Chi Mil A St I1 pi. ...128
Copper Companies' Dividends; Butte and Superior, $10 Extra
Tho following copper companies declared dividends today; Chino Copper
Company, quarterly J1.2B a share. Three months ago $1 was declared. Nevada
Consolidated Copper Company, quartorly 37V4 cents a share and 12V4 cents
extra, same as threo monthsgo. Ray Consolidated Copper Company, quarterly 50
cents. Butte and Superior, regular quarterly 75 cents and $10 extra. Threo
months ago an extra dividend of $7.50 was declared. Utah Copper Company,
quarterly $1.60 a share and $1 extra. Magma Copper Company, regular quarterly
CO cents a share.
Railroads Allowed a Rehearing on Export Kates
Tho Interstate Commerce Commission today granted tho petition of East
ern railways for a rohearlng on export grain rates, The proposed Increased
rates from points In tho Middle West to Atlantic seaboard points had previously
been canceled by the Commission.
MAXIM MUNITIONS
MOVED UP ON CURB
rjpnornl T.inr. Clmpr. 5inH Pllir.
tuated Within Narrow
Limits
New York Bond Sales
NliW YOUK. Mnroh 2. Speculation in
the market for outside securities today
shows a considerable fnlling off from ro
...cent averages, and while tho undertone was
firm soino'frroBUlarlty developed because
of realizing by traders. There was little
feature worthy of mention. Maxim Muni
tion, which has boen steadily declining
from the high price reached n fow months
ago, developed considerable activity and
strength, moving up over 2 points, due to
roport vof a change In the board of
directors,
St, Joseph Lead was also ulrong at an
advance of about on Inside purchases.
Mldvulo Steel moved up. a half, but sub
sequently lost nearly a point from the
highest. The bonds were In fair" demand,
hut unchanged. Submarine Boat moved
Within narrow limits. Tho motor shares
were comparatively quiet and somewhat
lower. Chevrolet cased off more viian a
point and White ft. Oil snares wero vir
tually featureless on a small volume of
dealings, with tho exception of a fow
of tho low-priced Issues, which continued
more or less under manipulation. Cop
per eharea were dull and about steady.
JNDUSTHIAI.8.
Atnt Kxplor
Am.nrltlih Manufacturing ..
Atl Gulf A W I 8 8
do pt
Am llurcnnl
AJax Rubber Ino w I
Canadian Car & Foundry .,,
Chevrolet Motor Car
Curtis Aaroplane , ,
Cuban Cane Butar
DrlK-Meatiury
Kmiraon Phonogrnrh ,
Kaakell A Darker Car
lUndte Manufacturing ......
International Merchant Marina
do preferred
Kelly Hprlnaneld-
Kathodlan llronza Dfd .......
Manhattan Transit Ih IK
ileum gunman .........
Mldvala (Heel ,
(HI Elevator .,
Otto Kleenlohr ,w 1
do preferred .,
rrerlea Motor
uoole Kna k Mach
fit. Joaepn Lead
H S Kreese w I ,.
Htflniliird Mntnra
Hubmarln Boat V t v etfa.
le rum v I CUB,,,.
Pruflt Sharlna
Llahe A Heat
White fyotora w I ,
Wurld '0m
' STANDAItD OIL SUBSIDIAniES.
alrla Xlna ....2t4
luiola fjS
ila Oil .2SQ
H O of California :o
a O of New jersey , ,.,.,,60
nuomarin
Trlanile
United Pi
v a Lis)
. .. :sw :a
... IS 3D
... :m ao
... H 48 14
... JVi 3I
... TVi IU
. .. 5 68
...lit 132
... 4J 10
... 4TH 41
...13T,, J39
... 11M 12U
... 44 46
. .. 56 28
... i4H im
...0 65
... 7H H
::: ? b
. . t3U ei
..63 6
..64 66
. . ? 101
. 34 ii
. 90 100
:Jk '
l 'A fi
:M8 4!
iv
ii
Ohio
S O of New York ..., ...201
OTHBB OIL HTOCKS
narnett Oil ; .
i,.,tii,
SIT
IBS
!!
253
tot
201
rtaeden Oil
Houston Oil ,...,,.,,.,
ilMwtat lleitnlng ,,,.,.....
SapulPA
JIININQ 8TOCK8,
Atlanta ., ,,,...,,...
Cerro d Paaco .,,
jmtle C A J5 v t ctfa ..,...
tlutto A N y....-
First National Copper.,
Ualdfjel4 Mener '
tllecla Mlnlns ..,,,,,.,,.
Howe Sound ...,.....
-ilfti 1Hle ........
iJumtw Extension
Mnrnm Copper ,,...,.
cMeKlnler-Parravh , .
Mtna of America ,
SNIUjiliiji Mlnea Company
tUn Toy
V'est Knit Oqn
Vt Kn4 Kjtenelgii
:o
IT
IT
!
IT
I!5
19
60
im;
IS
IIONDS.
trie rta ,
rri $
UJdvato ta
t?m
eft
Tt
S.
101?
o,
IIU
UJAHY FAILURES FEW
FavDrnblo Showing ol Any
Month Since November
February failures In the United Stataa
Al ff materially, muklnif the best 1iq
lut, xHfi last November. Total, insol
Mm u rtiwrted to It O- Dun & Co,,
m 1I.TI.165. a against
!$SMI3J8 n January, UOi lot
JH la December; 156& Jrt NQvem-
iit.Ui.iii. and no lem than
MMM.HD lu February, 1915.
h uuHiburv ' In business
cr8W7 " unnatural
aot.
1M;'
tBirt t
r tar.v
J3000 Allcch
601,500 Anslo-Fr
HlRh.
91! ti
94U
'J1H
94
04 Ji
SB 4.
.103
Vitlloy 4s.
V i. r.H. .
11000 Amur Tol clt 4b.
6000 Armour Co 4 'an
6000 Atchison cen 4h.
3600 ilo ad J 4n ...
0000 do rv 4s 10(10. .
1000 do ts IOIVj
1000 Atlan Co I, 1st 4s 92
1000 do clt 4b 8C!',4
91000 Halt & Ohio rv 4VaB 97
3000 ltU I.KAWV 4.. 8i
30000 llrookn It T ts 1918. 100 100
2000 tent Lnuthnr Ir, Rm InM- tnil:
Ann IL. .".."- """"?? "
iuuu wni j-acinp jb. ... yi it
1000 Cent 11 It N J 6n..ll7i
2100O Chill Copper 7S.....130U
aooon ChPB Ohio cv tUa. 87
"IIU IK, IttlS
Low. Close.
98
93
till.
94
94 'U
Kill?
103
lot '4
92
sim
88 .
91
1174
9H
IM
91
84 V
94
8Vl
103.
101 H
92
8l,
97
88H
lOUH
101 J,
91U
Chi It 1 & l'ac...
to Kuel A Iron. . . .
Comput T Itcc Co. .
Continental t'nn
t'onsolld.ilrd (Ini
Corn Products He.'. .
Corn Trod ltof pf. . .
crucible mcoI.
17H
. -MX
. I7X
. 7(1
.mi'i
. ims
. Mi
73
T2V.
r,7H
0.1! (
120U
I.5i
ilM
4",)j
7l))i
132
am
0(lt
1H
mu
2:'H
:o'i
w,
121)
41
ir.4
7lU
v2
21-03
72,'f
000 Chl II it Q Joint 4s.. 98U
2000 C St k Ht I' 3Vis. .. 80
6CO0O
2000
1000
mnn r.
Ii, w .- n .......
Industrlitl 58..
8000 Cciiih Uhb rv rta...
auuu i-ompui Tun 6s
; i i ( -.
130J4 130W
St Di hUl.
92I U2',
80 ', 8
8$
: at & Ht i- 3V4s... 80Ji 80'i, 8(li
do Ren 4a Oljj 91!! 91'i
SH.VSi::::::1!? lnsV' "Si"4
7 Mi
121
83 i
tn.u,
71 '4
78
4000 Del & jluil corn' 4s.
iuuh uo rid 4s
1000 Hen & Itlo Ur rfd Ch
1000 Del Kdlaon 1st 5b.
17000 DIs Serar Corp 5s. .
14000 Krlo c-onv 4s Hpr A.
6000 do 4s tier U
3000 Krl prior 4b
2600 Ins Cop cv lis 178
2000 lnterb It T ref 6s.. 99i
70000 Inter M M ct tUn OH (4
8000 Japnn new O B 4Ua 76'J
2000 Japan 4Hs 88
1000 K O Kt S & II 4b... 76 U
2000 Kan City Ter 1st 4, 89
2000 l.nlm tih deli 4s 1928 94 "i
3000 1,1s; A St T 6s 102
2000 LoulB & Nash 4s 06
6000 Minn 8NB Jl 4s. 93 T
1000 Mo KHn & T 1st 4n. 75
2000 Mo K & T 2d 4s.. 45
1000 Mo Kan & Okl 5s. m
1000 Mo Tiic 4s 39 1,
3000 Nat Tulw 6s 101
111(10 JM V UK & M 5s 1021.
lauuu j i uanai 4 via rec. 114
4000 N VC-V Crol3t4s 78
8000 N Y C & II 3V4a., 82l)i
8000 NYC Hud 4Wa 95
4000 N Y C H I. 1st 4 91S.
62000 N Y Cent Os mat ml' iiaiZ
3000 N Y Cty 4'4a 1960.1021J 102t 102U
.107',, J07 107U
7I.fr 75V4
I20U 121
83H 83i
100U 106J,
r; r,o
103'i 103Ji
71-5 71 (5
7H5 71 'i
7K 78
8u 85
178 178
99N 0B!i
96 "I m;U
76 I 75 94
80 81!
75 H 76 V,
89 89
94i 94i
I02h I02?
95 06
9.1? j 93?i
76 76
45H 45i
61 111
39s 39',,
101 101
!l 103',, 102S
t 114 114H
It 78U 7'i
95 95
nia: mi.
in I960.
til 19U5.
it i
8000 N Y Citv 4
1000 NY Ilwy re
71000 N Y Kwy tidj 5b.
,So N Y Tel sen 44a.
S3000 Nor l'ao prior ...
3000 Nor l'ao uen 3a..
1000 Paclnc Tel ta
4000 l'enna 4a 1948
16000 do irn rt 4',4s. .
14000 Tenna en 4Ha
3000 Public Herv X J ta
9000 Hep Ir ft H 6a....
2000 Rock Island 4a
1000 Rock Island rfd .a.
1000 Ht 1, H K Ken 4s.
1000 Stand (1ms 6s
1000 South Hell 5b
8000 South l'ao rv 4a. . ,
23000 do cv ret f p 6a. .
3000 South Rwy en 4a.
6000 do con 6b
6000 Texas Cn rta. .
3000 Third Ave new 4a
77
61 ti
99
93H
66H
100,
9Si
102
105i
90 'I
99S
85
66 U
. 48
.100
.100H
. 87J4
.104'i
,I02
in i"
-1
!!!?
99
93lj
Grill
100i
98.
102
105.
90
90S
86',j
65H
48
100
100!,
87'.
101
71
77
61H
99
93 'i
100I
9811,
1U2
105.
90
99H
85 Vi
66H
48
100
100H
lui'i
rt i 'l
102 102
ln.1t J I full
3000 Toklo Is . .'I 78i 7811 78(t
J2S2 U ,ov 3' --.lS SS io"
1000 do 4s o Illti 1IH4 till?
1600a U H Hteol 8s 0 ij 0 !oi!
1?? "n.Kwys H F U. . .. tl-i 43 tt 43
iuou wiihuMh ii r.a oat: noi' i
47ot gg
91 '
81H
oil
6000 Vt Hhore in ".'.'.'. 31 ij
3000 Wlirnn l'nt ni la otII
n
u
Tuful aalt.. t't'iii nnn Am1.....i .. nu
M'99$ terUnj. Ihiw fur tht nk
VIU.777.OO0,
romniircil
a'aeu'aiiin. ." ..Z" I ' J"".- -. "
?.tjo,4vui BHiuo prriou mi rek
rlo
FOREIGN EXCHANGE
NEW YQRK. March : The market
for foreign exchange In the first hour of
business today was dull and mainly with
out feature, aslda from a fairly steady
tone. French exchanei) was moderately
an exception In showing a slleht shading
to B.87'4 for cables and 5.87Ti for
checks. The other market was unaltered
as to quotations at 4,78 7-16 for demand
sterling; cables, 4.77: relchsmarks, 73
73tjfre cables, d.70'4 5 checks, 8.70 j
Hwlna cables, 5.33; checks, 5.24; Vienna,
13.0o13.tQ; Stockholm, 28.1028.IS;
pesetas, 19,02 19,08: rubles. 31, BB
1.0; Builders. 48H043K. The above
quotation for Vienna Is merely nominal,
but shows a slight hardening from recent
quotations.
lit the afternoon, aside rrom extreme)
dulness, the only notable happening waa a
slight easing In French exchange, to
5.87 H for cables and 3.88 & for checks.
Sterling was unaltered, ut 4-78 7-16 for de
mand and 4.77 (or checks, Uelchsmarka
were nominal, at 73 arid 73 7-18.
New York .
Philadelphia,
lloston . . . .
Ghkso
RATES FOR MONEY
Call.
:::::::: ISS?
i
WG4.
,Beiu
i YAK
qiiminerclal paper, tbrej to six month, 'fall
adelpbU, !'.. 4 per cent.
BANK CLEARINGS
Bask cli (rtnjjs today compared with oor
reawMJiJInv iy last two years:
11- ltfi. 1914.
pwu Ji!J '.! tao.ii.o
Hoatvo 47.741.417 75.1JI.J61 3.1.IJ
N. y9rk.it,Ut.hi 31t.tll.M3 3(.5j 971
RIe In Price of gogar
Th(raflnl purer itwrkM adv4I 10
point. VII regnant (juflHg fitw granUated
oo a bbaw at m ; wLjfr wtt a-
(riiTT t
Crucible Steel til IIIW 112K 112
Cubsn-Am SuB;tr IHOls l'l ISH
Ctilmn-Am Sucar pf. ..105
Detroit Edison 13"
Olstlii ec (Jorpn I4VJ
Dome Mines 21
Klec Sloracij Hat U2U
Krlf H.VA
nn.' ist nf Mi
Krlo 2d pf
Oca Chemical
fier.eral Electric. . .
General Motors pf
tioodrlch II K
Granby Consol
Greene-Cananea...
fltnl K"wt I A Pre wf
""" .",1110.10 , ., .
fit or c'.t for ore pr. .
Guscoi Kjplii
Homestako Mlnlnu. . .
Illinois Cent
In' Aerlctiltiiral
Hit Agricultural pf. ..
Int llarv .V J pf
Int Con Cor v I c sh
Int Consol Corp pf. .
int Paper Co
41
28:
!.',U
n. 'i
its;
J-8U
Wi
100
13S
Wi
21
03
o0,
.'21f
41
at-,
ino
114
now
K8
44M
120,if 120M
101)
137
l.'i
23! I
03
3o)l
r-i-2
II
2S.- Si
Uu,H inn
hi hi
08). fi!)
88 88
It II
120'f 120'
4031 40JS
"tl
ion
hfl
!)2!f
27(
r,a
10-Hf
C2J.
110! I
III)
on
2:J
mi
ftTi
VMH
I7i
40 f
Wi
7Wi
132
21),
Ot)
7a.ii-
112
12
10(1
137H
40
24
03
MM
rs.i
44
Int Paper Co pf 43
Insp Con Cop. .
Int Nlcsel v t c'3
Int M M cof dp
Int M M pf c of dp..
Kan City Southern
Kennecott Copper
Klncs Co E L, & P.
Lack Steel Co
Lee Hubber &. Tiro.
Lettish Volley 70'
Llecett & Myers pf...-120
Lorlllard P Co 101 H
41 41.L:
21 21 L'l 21
1201s 13 1H 132 133)s
10211 101 1U1 101
21 20Ji 20 20
(104 01 01 01
lit 114 114 111
lfi! lO'l 1I1J( 111)5
7.1 73' 73 73
Wi U. ll'f 0'i
44!i 43H 43)a
44Ji 44)j 44!i
45)1 44)i 44)3
154 15 15).
CiM 0W 02H
2o) 25 25i
mu .-: 5-H.
..120ti 12i)a 12S'i 12S)j
7315 70 (3)1 70
48H 4S), Wi 48,'.
II'S
44!.'
15
n:i. ,'
25
ruv
ui'i n't nit
120 120 1211
iim; iom ions
Lorlllard P Co pf 1184 110X lltDk 110s
Loulj & Nash 121U 12311 123'1 123'i
Maiwell Motors fiOU 00)1 57U 57?1
Max Motors 1st pf. ... 83 83 S2H H2ii
Max Motor.4 2d pf. . . . 44 44)1 44)1' 44)i
May Dept Stores 50)1 53 52)1 52)1
Mexican IMIroleura. ... 05H 07 04J1 05
Minn ft St Louis 41 5 5 5
Mo Kon & Texas 4). 5 fi 5
Miami Copper 3t 35)1 34Ji 35 U
Montana Powor pf. ...113 112 112 112
Nat Enam ,t S Co.... 23)1 21 23)1 235i
National Lead 05'1 00 05M 05)1
Nov Con Cop 15)i 10)5 10 10)1
New York Air Urake 140 130 138)1 138)1
,V Y N 11 4 II 1174 07)$ 07 07
NVCill It -...10311 104 103! i 101
N V O & West 27 28W 27' a 28)1
Norfolk & Western. ...114)1 U4?( 114)1 114)1
Northern Pacific 11:
Ont Silver Mln (i),
112VJ
0)1
20)1
34
57'i
20H
01
fil'l
111'. U2'l
Pacific Mail 27
Pacific Tel & Tol 30
Penn Itallroad 57
Pitts Coal Co N J... 20
Plttsbutch Stocl pf.... 03)5
PreHsed 8 Car CoJ 50)j
Pullman Co 102)3
Quicksilver Hi
Hy Steel Sp Co 38",
Ry Steel Sp pf 00)1
Hay Con Copper 21)s
Ileadlne 82
Iteadlne 2d pf 45
Itepubllc Iron & S..., 40)1
Itepubllc I & S pf UO), MO
beaboard A I. pi 35
Sears Itoo ft Co 171
Shat Ari3 Cop 30' f
South P It Sutjar pf...H0
Southern Pacific Oil).
Southern Ry I0)j
Studebakcr Co 135)1
Tcnn Copper 54)1
Toxas Co 200
Texas Pacific 7J
inira Aventio no
V,H
20)1
31
507,
20)i
03H
4915
0).
28)1
34
57
29)1
03H
4911
102)1 102'1 102U
',
30)1
0SM
24)1
82
45
40)1
110
35 35
1741 J72
SOU 3H!i
110 UO
m
39U
OSH
241,
82) i
45
SOU
97) 1
20)J
137
rau
2011
7Ji
60)5
711
20)5
0)5
i9)f
Union Hau ft Paper. . . 7'f
Union liac ft P pf 20)1
Unllt'd Cigar Stores. , . 94
United Cigar Mfrs 5015
Union Pacific 131U 132)5
Union Pacific pf 8H'j 82)1
Uri Ind Alcohol 151 155
U 8 Ind Alcohol pf. . ,103)f 104)
USCIl1 F 161. 17
United Fruit Co 1UI5 142!i
United Itys Inv Co.... 14)( 15
United Itys Inv pf.... 27)i 28
U S Itubber 40 49H
00)5
20
136
54 11
108
7)1
00'-5
71
'.OH
m
69).
131
82)1
4)5
39)1
98)5
24),
82)5
45
50
UO
35
174U
35)5
110
90)5
20
130
54)1
198
7)1
COM
7'i
29)5
0)5
50) i
131
82)1
15')15 15.D5
102 mm
U S Itubber lit pf . .
u H bteei corp. .
.100)5 107
SUH 811
17
141
15
28
49 .
107
Nl
17
142
15
28
40)
107
SOli
U 8 Steel Corp pf U0H 110)5 Ufi)l 11575
SI
.. 431
..109
.. 5035
.. 13)5
.. 11)1
.. 25'i
.!
. 1)2)1
. . 2515
. 87
35
.2IK1
81)5
43'5
109)5
50
1415
13' j
20)1
125
02'5
20)1
88
3)5
H3)i Kt
42 42)5
10 1' 10.1-,
60
13U
4211
125
111)5
20
87)5
3)5
210)1 208)5 210
IU2 102
3j 3j
50
13U
42)?
25)1
125
IU
20
88
3)j
Utah Copper
Va-Caro Chem
Va-Cato Chem pf. .
Va Iron Coal ft C
Wabash
Wabash pf A
Wabaih pf II
Wells Farco Exp. . .
West K&.M
Western Maryland.
West Union Tol. .
Wheel ft Lake Erie
Willi. OverUnd....
Willys Ov pf 1 rf f p. 102)5 103
Wisconsin Contnl 35)5 35U
Quoted ex dividend,
Total sales, ttH.'lOO shares, rompared ullh
J 60, 000 shares yratcrdari thus fur llil uerk,
,4M,fiOO ' shareai bunie period last ttk,
weak, l.xlliiuu shares,
Close London Metal Exchange
lyONDOK, March 3. The Jlrltlsh Oov.
crnment has Issued regulations prohibiting
speculative transactions in copper and all
metals required In the production of any
war materials. The object la to prevent
undue Inflation of prices.
NEW VOrtK, March Jl All tha metal
authorities hero are firm fn the belief that
the closing of the London metal exchange
can hava but one effect 011 the situation
of the various metals In this country. The
shutdown, tt la pointed out, can only mean
that the authorities were convinced that
the prices of tha various metals, especially
copper, would continue their upward
movements. Thin clearly indicates the
position of the copper metal In Kurope,
Which is stronger than ever before In the
history of the Industry.
DIVIDENDS DECLARED
.laa.n Cb Comnauy. regular ouirii
per eet. on preferred, uyeble Apn
American Can Com
f 1 T amr oact. on sri
9 stock it record ?.l"V'h
m
7n mltuiit at Tikaturd March 16
list. ' Vfofk rooMway. rtruUt
n.rtmtflu at tt Da ?al. .mi trrred.
Aliii Cbitewra Uauturtu Cimujj;
rsjuac aa4trly uo prtrr4 1X r ei
xaytita April )i to nSk ef if$ lUrcli 31
CuBivuny.
.,
WHEAT CLOSED EASY
AFTER ERRATIC DAY
Tradd Was Bewildered Over
Contradictory Combination
f of Conditions
rHales in Philadelphia
CHICAGO, March 2. Continued nerv
ousness jtrovalled In tho wheat market
hero totlny. Tho market was n Itlffhty
affair, moving up and down with yestor-,tni-'o
Mnn tim rilvnl. nnd (lntshlne easily
nt $1.11 M for May, nitalust $I.Usi at tho
close yesterdny, and at $1.08'i for July ;
ngnltiRt $i.0SK, tho provlotts ilnat )rlce. .
May nold as lilrth as $1.124 nnd ns low
ns $1.10. nflor oiienlng at $1.11, and
July ns hlKh an $1.00 and ns low as
$1.07!,. after Hlnr'-liu? nt $1.08. Tha I
decline flnnllv vn:i dui to n renewal of
boIHui. nwlni to n continued absence of ,
n demand from abroad, Httow fell In tho
Inst 21 hours over' most of the winter
wheat belt nnd there wns rnln In tho more
southerly portions, which helped the hears.
At times thcro waR fairly good buying, hut
huclness on the whole was local.
Tho political situation, a heavier move
ment In Ara-cntlnn, the uncertainty over
forclnn nffiilrs. a belter domestic demand
for flour and tho technical position of tho
market mndo a combination of conditions
that bowlldnred the trado.
Corn moved Irregularly. Hhlpplnp;
houses wero good buyers nf May, but the
clmotlr conduct of transportation on laud
and sen was against tho market, which
finished easier.
I'rlco movements In oats nlso wero
mixed. Shipping houses bought May. In
dicating Improved sales, domestic and ex
port, final prices were unchanged to ',gc.
higher.'
tending futures rnnitfd ns follows:
Wheat Open. .Ilhth.
May .llil J.iaji
July 1.08? 1.0IM,
i:orn mew neincrjv -,
Net
HlKh. tew- clV,t' tt"'
Am Jlllllnir... 1 1H A in
Htvy JO ??., ii X'li
ref .... 97.. 5: !,, X ii
jt 70 71,
m i i! "Ml
70 Am
t t!on 64H 64)4 4H i
-i
14
)04
15.
S Am
40 do p:
30 Cnm Iron.,,.
C5 Cam Steel... .
7 Oon.Trne N J
86 Distill Hccu..
- 621 Klec stor.
100 Ocn
KR Ina
inn .'.n, r'nn
!2i: !r-"'... ' ., 11
1 ifn pref .... 61 6S
llso tekc Hup Oorp JJ?1 10H
134 i.en ..av .... ,5.. 1
ton Vn
tfi I, V Tr lr
HUB I'A HH
107 I'n Hull
"'ii r.ii. 'rS- int" 40(1 4
40 iniin . -w :, l.
6 no cum prci j; ;. ?;., -
426 Thlla IJleo .. J7W 2U 2JH
1 , Philn TrV i 7H 7?'i
30U Heading 1. .
144 iP.hniinh llnl
hit Tonopah Mln.. ;
100 Union Tract.. 43fl
30 llnltetl til ...
1 tin Cos N J-.SJ?
2060 tl a Steel ljj
110 Utnh Cop .... 8451
21(1 W Jer A Seash 61
11 Weatmorci l'l. (I
11 Vork Ilwy prcf 97
tt
v:
'.:::: iii nw tfn
?3 8 2.- A.,, 7J
-lr i in
t R.tU 1 .I'll,
0 m
-. J
43
Ik
Hi
37
b V. 1-10
43 f
BO U
Htii 1 it
84
61
37
H
Totitl sales. shiires, rampiirril with
11,0(10 slutren jrrstrrilsyi, tuw for tlil'i eel,
fll.DIx iltiirosi Hitlne period lint veek. at.jws
pliurri.
Mnv
July
D.its
Sfny ....
Jul ....
I.nrd
May ....
July
ltlbs
May
Julv
I'ork
May ....
July
Hid.
74
73
42'i
41
10.C7
10.75
11.60
11.72
. 20. 117
. 20.80
tAsfced.
:t
71H
43 's
4t',i
tO.CG
10.80
11. CD
11.80
21.20
21.16
1.101.
1.07 IS
73H
7V4
42
40"i
10.42
io.i;b
11. C2
ll.liS
20.80
20.80
Close, close,
l.llWtl.nji
1.0Bi1.0tS
t74(i,
73i.
42T
11
tl0.62
10.70
til. 02 11.67
11.75 '11.G7
21.21 120.96
21.16 20.90
73J4,
73ft
42'i
ttl'.s
fio.G;
no. 71
PHILADELPHIA
MARKETS
GRAIN AND FLOUR
WlfliAT. Iteci-lrts, 208,466 bus. There wan
11 fair exiHirt ileimind nnd the market ruled
stcudy umlor modern to orterlnits. (juntntlons:
Car lots, In export elovator No. 2 red, apot
nnd Mnrrh. tl.lsifPI.31: No. 2 Bouthern red,
tl.165iil.19i steamer No. 2 red. 3 1 . 1 5 nV 1.1 :
No. 3 red. Il.15t7rl.la; rejected A, tI.12Ajr
1.16H n-Jected II, tl.tlWl.M.
COItN. Hccclpts. 8027 bus. Demnnd wns
llulit and prices declined ttc. Quotiitlonsi Car
lota for local trade, ns to locution No. 2 yel
low. SOViSHic; steamer yellow, J2S59c-:
No. 3 yellow. 76f7nc; No.4 yellow, 738J74C.;
col), per 70 His.. 78f.
OATS. Hecrlpts. 32,155 mis. Demand wns
llBht. with no I'latiKii In prices. Quotations:
No. 2 white. 53 53 Vic. : stnnd.ird white, 5 1 1
62c; No. 3 whlto. BOiWBlc.i No. 4 white, 48M
49c: sample oats. 45iM6c.; purldcd oats,
icnifled. 60V4 4f62c.
Pl.OUIt. Ilecelpts, 1619 hbls. nnd 1,767,163
His. Ill sacks. Tho market was dull and
Innrely tinmliml. Quotations per 196 lbs. In
wood: Winter. clenr. JB.SOtQT,. 10: do.,
strstsht, t6.60ff5.70; do., patent. I6.80W
ti.10; Kansas, clear, Jute sacks, S4.80M6.16;
do., atraleht. Jute snclts. t5.2Qti06.60;
do., patent. Jute sacks, t6.G0fflB,70; sprlnff.
tlrnt, clear. iS.15W6.40; do., strnlcht, S5.30W
6.60; do., patent. t6.75i6; do., favorite
brands, t6.25tP6.75; city mills, cholco and
fancy, patent, t6.25ffl6.78; city mills. rcKUlar
urndes Winter, clear. t6.20SP6.40; do.,
strnlKht. t6.50f 6.70; do,, patent, 15.80(56. 10.
HVB I''I.OUH wns nulet hut steadv under
llaht offerings. Wo iiuoto at !5.606 per
uui., aa to quality.
PROVISIONS
The market ruled Ilrm with a fair Jobblnc
trade. Quotations rnnsed as follows: City
heef. In sets, smoked nnd alr-drled. 24(Q26c. :
Western beef, In Bets, smoked, 24Q25c.: city
lieef. Unucktes and tenders, smoked and air
drier, 261f27c: Western beef, knuckles and
tenders, amnked, 26M27i'. ; beef hams, t28W
30: pork, family. 123.50(1123: hams. S. P.
cured, loose, UWlCc: do., aklnnerl. loose. Id
17c; do., do., smokod. 17H18ttc.,; other
hams, smoked, city cured, ns to brand nnd
average. 16H17o.: hams, smoked. Western
cured. 16'417c; do., boiled, boneless. 27c;
picnic shoulders, a. 1 cured, loose, lOKc;
do., smoked. ll?i ll'.lc. ; bellies In pickle,
accordlnc to average, loose, 12,,i13c; break
fast bacon, as to brand nnd averace. city
cured. tBOKc; breakfnat bacon. Western
cured. 15Hc; lard, Western, refined. In
tierces, tl'.tc.; do,, do.. In tubs. llWc:
do., pure city, kettle rendered, In tierces,
IlUc; do., pure city, kettla rendered, In tubs,
nEPINED SUGARS
The market ruled firm, and the Franklin
and MrCahan refineries advanced list prices
10 points, nil refiners now quoting on a basis
or 6.35c. for extra fine granulated. Wo quote:
Kxtra lined granulated, 8.35c: powrlered,
ooe'ij.Soc A' 6-25r'i "" arades.
DAIRY PRODUCTS
rilBKSK. The market was quiet, but
steady, under light orferlngs. Quotations: New
York, full cream, fancy, held. lSVirBlSMc:
do., do., fair to good, held, lltiCUUc,; do,,
part skims, lli6c.
mJG.UTJKI1 The. market ruled firm under
lifi1.t.irfer,J1,r0Jind f.J'itr demand. Quotatlonai
Ueatern, fresh, aolld-packed creamery, fancy
specials. 39c: extra, 37c; extra Hrsts, 35 W
2?&:.5'B .al?,3l'-i."ffon,i 2"2c; thirds.
212tc: ladles. ilifj23c; nearby prints
I'iKl! i0c-i av1raBe.,"i,t.' 38W39C.; nrsts
J403Sc: seconds. J0P32c; special fancy
brandn of prints Jobbing at 43046c
Ktiqs. There was a. fair Inquiry for dealr.
ahle stock and the market ruled steady al tha
la ta advance, with auppliea well under cont roll
Quotations! In free cases, nearby extra, 30c
per doz.; nearby firsts. t8.26 per standard
rasa; nearby current receipts, ts.io per case!
Western extra flrats, 18.25 per case: do?.'
firsts, ts. 10 iwr case; Southern, per case
16.9008 to. as to nualfty; fancy Selected eggi
wero Jobblng,at 324t'34c per dut.
POULTRY
LIVK. Desirable stock sold fairly and
values were well sustained. Quotations: Fow si
choice. 17018c; roosters, HtfUci spring
chickens, soft-meated. l0SOr.i do ataslrv
1416c: turkeya. 20022c.; ducks, aa to a!ze
and quality. 1820c,: geeae, 1719c; pigeons.
oW. jr pair, S10e.l do., young, per pit";
DltKSfiBD. The market was quiet but
steady, under moderate offerings. Following are
nuniuiinn.' .'h,i..i.ii ., ., ,. .
,"",.. . .I..M-MH.U, uryuacHec,'
tha
19 He.
Kowi,, jj to box, dry-nocked, fancy, selected.
rjr iu.
.velahlna' 4Utfe5 His. ,,ru,. inA .
welshing 4 lbs, apiece, me; weighing i'i Ibu.
apiece. 18c.
fowls, n lib
weighing 3 lbs. apleca,
tit lbs, apleca, 1 Vic. 1
lit nil In
eked, fancy, weighing 4V
:. : welanliis- 4 !!, .
IIU... aiUllai ah. l,,nt.. . -,., !:..L'
dry-picked, 16c; chickens Jersey, fancy
broilers, :4'026c. : other nearby fancy
broilers. 124jl4c t Western broilers, weighing
lV43 lbs. apiece, 21024c: Northern Illinois
chickens, fancy yellow, weighing 4 lbs. and
oyer In boxes. tlCllci exceptional, lots higher,
Northern Illinois, fsney. weighing SHCTJvi
lbs.. n Iwxes. IBWISc; Northern Illinois,
laiicy. weighing 3V.03H lbs.. In bbls., 17
tbc; other Western, weighing 4 lbs. and over.
In. boxes, n WI Be. I other Western, weighing
iT1
ZUrttaU It.... In lioxes.
fin, weighing 3HU3H lbs.. In bbls
toi.rior, lo.i iw-,r"
iv lus. apiece, jiv
:
16017V.I other nt,
. In tibia., lfiirairftn
"i vr m.- lveigninjx b
iDL'.i iiiHiier !.
-it;, i iurKcy, laiiL-ar younv ihpiio ana loms,
30c; do., fair to choice, 2502lo,t old loms.
XBc. ; iprln dt nearby, H02Oc.: do.. Weit-t-rn.
fancy. lTOlSo.; do., do., fair to good, IS
fcMBe. ; Kt'eniv lftosOo. i squabs. pr dozen
HVral'1 wTlnc , !? 0 lbs. per doen.
w,.wv-w, ,, ,, tl(,o,
weighing I lbs,
tBM.75i white, weighing 7
at.aiir..f ai Willie, w.lallini
doien,
lbs
s.7ij while, welshing (NIU lbs.
tl.70rt; dark, 3.60?1; .tnall and
per dozen.
par doaen.
ss;
FRESH FRUITS
ImTwrlant change,
The general market was quiet and without
SUULHlll
bbf, Jonathan, fancy, tl. 2501. 71
Apples, wr
to good. 12.600!; Wlntsap. I?.604; llald.
win. tjt.BUflil.3S; Hlack VTwfg. Il.tOtVs:
i.nmaa nn n,n .? hncrflx, rin.n . .ia
rv,::, n ,i,;t ii. .." ;t-. . .w
-in, turn. u,yciiH
(f2.28i other varit
ll.25Wl.DO.
toe. Wll.50. Apples. Western, di
02. Orungea. Florida, per crafa. ties, 'rn.
gerlnes. Klorlda. pvr strap. IJ.10B4. Grape
fruit. Florida per crate. II. to!. LemSns.
box. jf j. .rinuappies, per crate, forto
nperlsT. t2J: Hen Davis. H.75
varieties. 1I.60O8.50; No, 1.
Apples, In bulk, per 100 ibs.!
Apples. Western, per box. 11.21
per t
Itlio,
to
12.50S
do., do.,
3.60: do.
per crate,
.5p. Cranberries, Caps Cod. per bbl.
v o t v.
bbl.. J70. do., do.
nirawDerriea,
10 3(0.; do.,
do. , Florida.
11.60
Florida, car ut.
do,, open crates,
VEGETABLES
'ttS
. Jmrv.
per crate, ii tt I. to.
regrlgeratora.
ViW.
Peslrabls stock sold fairly and value, gen,
erally wera well sustained b follows: Vhlt
wbUe potatoes. Jersey, per basket -No. frese,
.Vieiva., iiu. . vwt Ti,ti, vwwoiil, rw.
9, 3Wvwc,i .weei. Plv"s, rfer.ey, per OS
tatoes.
.. Mr
100-ib. bag No- 1.
11.15: enboage. m
Fl&. bar hamper
orat. 'Il.ll&l ID
ll i
cabbage. Pnle
&IJ0. '
OSl-aLPbuvh.
(Xr basket
l. cer ton. lllOtg. An
liwi.il, at),, a. is., par
t . V
tlOi.l
n, per ton,
!. 10 460.; sweet potatoes, jersey. :
-T&- 4.O0c , NO. 1. l!10o.:.wt ppi
luiuea, v., k? ty"'- iVji K n11
ra
aSTtirffllk. rwf Khl tV ti
pi; kl. Korl5l5, per bbl,. ilUc.; 'I.ttuw.
l'lfea A &. V.' tfV
rttnni.ws&jrwzr
fflnt?
50, paaa,
via., mt
Iria
w jvr
2" rnni. ,a i'i
X.SS
roeiss, jwr t-ls.
i carrl
Ecy. itmi-A
a: oKolia,. It
cuut fityj
rrl
muaa-
12000
1000
1000
liON'DS.
lllsh.
r:i ss om
& Pco Tr 4a 8 lit
Am O A
1:1 A I
Hitrw 1; cs. . .iu.i
700 Int Itwi's 4s. 6S
1000 Key Tel 1st 6s 99
innn r.U Rim Inn 4s 3.t
1000 I, N rs 4tis,102ji
4000 i,eh V gen 4n 9S
ia ,. .. , 11, on
,nin ltn rA nn JUn 10 9 1.
32000 no ens 4V4s.itr;
7000 1'hll Cn 1st iVl01
6000 Itendlnc gn 4s. 95.,
16000 Htand On. 6s. 99!i
6000 t)n Itys Inv 6s 72 U
2000 WNYA1' gn 4s 8.1
trincreaHO. uocrenso.
Tntnl sale. 71,700, rompared with 0.1,fl00
CHlcrihty thus fur tlili -icck, 3l.1,oaOl sutna
lirrlod lust week, 82111,1)00.
Net
t,ow. Close, ehge.
w sta-r
103
58 !
99 '.
33 .....
11.2 8
101 H 1
lh
72 W ,
83 1
II
8
103
58
90
.13
hi: ontu
: tntil
1UU74
lot
95 .,
99
72
83
Local Bid and Asked
Duff & Hits t c 40
no nrer "'
J o Hrlll 36
Today Yesterday
Hid. Asked. Hid. Asked
to 41
69 60
.18 39
1021, 10.1,
81 IIU
S3 64
n& :i4 3&
71 ',4 71. 72
14 1355 14
14 13 (5 14
70 69 70.
105. I0i 1U, 111
76'i 76, 754 7H'i
77 77 U 76 i 7t
21 2ti 21 i 22
42-i 4.1 42W 43
611 J4 57 56 ' 67.,
27(4 B7 27J 27?;
40 41 40. 4014
30'i 38. 36'.i 38.,
44 4414 44 4414
18i 19 181 19
18J 19 18; 19
81Ji 82 82 82W
4tl l 4U 4
O?. 64 l!"n 6",
llaldwln ini ini'4
Cambria Hteel 81 81 J5
i:icc Storage 62? 63 'i
Oen Asphalt 3 4
do pref 71
Key Tel lift
ilo t e 1SS
do nref 69
Lake Hup Corp . . .
I.ch Nov
I.eh V'ulley
Iih Vnl tr
do prrf
Pennsylvania
Phlla Uleo
I'blla Co
do r per cent. pfd.
do tl per cent. pfd.
rhlla It T
do t c
ftriiillric
Ton llnlniont
Ton Mining
Union True 43!i 44. 43 1:152
It (1 I 89 89V4 89 'i 8914
U 8 Hteel 80A 80i 804 80H
QrK Jtwy ...., 10J5 11 , 10 lrtji
(lo pref 36 (S 37H 37 .174
Wm Cramp t o
71
75
Financial Briefs
A private nalo of seven (shares of Victor
Tnlklnp; Mnchlno Company common stock
ts reported nt $890 per share.
C. L. Allen has been elected president
of tlio Pyrctto Manufacturing Company, to
succoed Darwin n. Jamc, who retired ro
ceutly to head tho American Chicle Com
pany. The Dow Chemical Company lias de
clared a dividend of GO per cent, on tho
common stock, paynblo 20 per cent. In cash
and 40 per cant. In preferred stock. The
dividend is paynblo March lli, nnd tlio new
preferred stock certificates will bo dated
February IB, and will carry n 1 per
cent, dividend. The amount of tho divi
dend is $300,000 cash and $0,000,000 pre
ferred stock.
Tho Now York banks Inst to the Sub.
treasury yesterdny $062,000, and silica
Friday last $5,137,000.
Tho New York Curb Market Association
has listed and admitted to ((notation these
securities: 1,250,000 capltnl shares of the
Gold Key Mining Company, par value $1,
ns a prospect: 1,000,000 capital shnres of
the United Western Mines Company, par
value $1, ns a prospect; 25,000 capital
shares of tho International Wood and
Paper Products Corporation, par value
$10. The Becurlty, Transfer and Registrar
Company Is the transfer agent and regis
trar of nil the companies.
Tho Savoy Oil Company reports for the
year ending December 31, 1D16, earnings
of $116,713, with operating expenses
$119,626. Surplus ror tho year was
$36,880.
The annual report of the Elcctrlo Bond
and Share Company showed an Increase
of $261,816 in gross Income and $261,043
In net. The surplus was $622,660, an
Increase of $184,010,
The Tobacco Products Corporation for
the year ending December 31, roports a
surplus after dividends of $431,766, an in
crease of $114,968:
For the year ended December 31 the
Railway Steel Spring Company reports
an Increase of $988,776 In surplus after
preferred dividends.
LIVE STOCK QUOTATIONS
CHICAGO. Slarch S. HOC1H. Receipts. 28.
900; market. SfrlOc higher; mixed and butch
era, I8.65O9.10i good, heavy, t8.80fC9.10;
rough, heavy, tl. 8008.751 light. 1S.60&9.05;
pigs. I7.10rtji8.26; bulk. I1.86&9.
CATTI.K. necelpts, 4000; market atrong;
beeves, 16.6009.90: cows and helfera, t3.76
8.40; stackers and feeders. I5.6S07.76; Texans,
16.9009.40; calves. 19011.25.
BHKBP. ltecelpts, 12.000; market steady;
native and Western. 14. 5009.10; lambs, 18
Oil. 35.
NEW YORK BUTTER AND EGGS
NKW YORK, Marc'h 2 llUTTBn fleneral
trade moderate. Prices sustained on top grade
and nrm on secondary quality, necelpts. 6830
packages,; extra creamery, 338Hc: higher
scoring, 37037V4c; State dairy, 35036c;
Imitation creamery, 240 24 Ho.
ICOOS unsettled, ltecelpts somewhat heavier;
Immediate outlook more unsettled, itecotpts,
17.116 cases; extra firsts. 37V421ct firsts,
27c 1 whites, 3334c browns, 29010c,:
mixed, 27021c; refrigerator best. JtOlio,
RAILROAD EARNINGS '
W'E8TEP,N J.IA11YI.AND.
1916, Increase.
January gros 1913,651 1116,702
Net .... 103,511 142,011
JIINNHAPOUa ANP ST. LOUIS.
January gross 1876,224 tlt.Otl
Net 249,281 SMI!
NEW YORK, SUSQUEHANNA & WESTKRN,
January gross ,, S94,1J 160,01!
Net after taxss ... Jllluo Zl.tU
UlllUAliU UIIBAT WKSTERNi
11,216,711
SB1,4U0
ib-,.1.
BVV,.Q
January grass,
net . . . , ,
Surplus
Seven months' gross 8.81
Net ....,..,,.,,,,,,. 2,514,441
gurpius ,, , 913,(35
ATI.ANTIC COAST I.INB,
January gross ,,,,,, 13,071, Oil
Net ,., ,..,,. 117,863
7 months gross , ,,,, t,48S,050
Net , 1.(33,214
tll.tlS
BS,U4
19,081
311,620
176,650
240.391
1431,111
' 263,643
133,351
1. 425,009.
Crew-Levlck Buys Oil Lands
OIli CITY, Pa., March J.-r-The Crew.
Levlck Company, of Philadelphia, has
bou&ht the Lawrence OH Company, which
hasunder lease In Lawrenca County, Va
and Mahoning" County, Ohio, 3000 lucres
of territory on which there ere J3Q wells
with a production of 225 barrels a day.
The price is said to have been $300,000.
The company also purchased the Pembriek
Oil Company, with 2600 acres and 135
wells In Lawrrtc County. The consider
ation was COO.OOO.
Approve West Penn Power Co, Merger
JtABlUSBtmQ. Pa. March. . Th
West Penn Rower Company merger, conj
blnlng a. number of large power com
panies In Western Pennsylvania, wag ap
proved today. Immediate notice was Olwi
of an Increase of capital atoek from 111.
oeo.eeo to uo.ooo.oos-a tnw of i&-
dtljuauiMS rrom nemyr to tw.W9.Mt.
TTmxTnv mo A irriTn-Nr MPTCTTTTfYNT
uxxjlnjx 1 ivv AVi ' - " -7 ; "" yy
ELIMlJNATJiiL J3i sxlqmj iin UAttULIj
City Transit Earnings Rapidly Recovering-Readinl
M,r qo11 TfH Jovsp.v Central Holdings Railwiri,,,, b
Placing Orders foi 191f7 Deliveries
Bosalu concernlnB ncadlna; wan t ul-lfl
feet thnt this company mlsht dln.!"il
Its .Tcrsey Central majority stock &1
ns well na form n separata coal Ml
of tho Lehigh Valley 71
The steady ndvanco In the prlco of gnso
llno hns liencflted nt lertst tmo group of
concerns not In the oil business i that Is the
city traction companies thrpURhout the
country. Tho renson for Hi s lo that I .has
practically put a ban upon the Jitney com
petition. Btrcet and electric railway se
curities aro now rapidly recovering front
tho blow donlt by this Invasion. When tho
Jitney bus first beenmo a factor In l'hiw
delphla It was pointed out In these col
umns that tlto rnpltl deterioration to tho
cars employed which wits bound tt) cpino
with such n hnrd sorvlco aB was requlr,
would ovcntlinlly prove an economic factor
Impossible to overcome. Tho entl came
even sooner than wns expected, urougi t
about by tha Ilconso exaction, but tho final
blow has been tho tremendous advance in
gasoline. Today tho .Standard Oil Com
pany of Now York Jumped the price an
other cent to 21 cents, tank wagon basis.
While In Boston tho quotation rose from -4
to 25 cents a. gallon. This makes tho sev
enth consecutlvo advnnco slnco last spring
nnd nn Incrcnso of 13 cents from the low
level of 1915 or more than 02 per cent.
On Change today tho local tractions
wero quiet but firm, and this was true or
the general list as well, except In the case
of somo of the arbitrage Issues. Tho latest
on the lines
tlon.
Tho latest development In tho stent ,4
tho buying of rails for dellv.JiT'l?!
nn nn extensive scale, threo systems I '-
Ing placed orders for a total of 70 OOJ (I5?l
ior tienvcry next year. These are ViH
merely reservations but solid buslne-sril
which specifications are In hanTl
growing tendency to absorb 1017 ti .-J
linrllv nr,.nilnln fYin ! n ' "le'l Clii
tho railroads. Shipbuilders also aw .$8
Ing tho mills to cover their requlrem;,!??
well Into tho future. luircrtwnu
Meantime, pig Iron shortago Is ttMriJi
In numerous Instances, especially at . 1
fectlng tho open-hchrth steel supnlr i?S
rnrtirirslA rrtrn- Is ,UIMI . . M
winveiu -wvi. i,. 1 .a ouiiping part 6f H
li-ntt nrrwliinf Inn nn tnf Wa- .TfcJ,
to nil Voids ln that section. !ea,1
Tho annual meeting of the stockholtUrfl
of tho Baldwin Locomotive Works bwil
place today, but nothing of moment tJl
velopcd. Tho board of directors -wis t3t
elected. The meeting lasted but a fiii
minutes, no other business being trials
COTTON PRICES ADVANCED;
SHOUTS FORCED TO COVER
Improved Demand From Now Orleans
a Factor
NEW YontC, March 2. Hesitation was
displayed by nil Interests on the Cotton
Kxchnngo this morning, nutlnoss was
light, although prices held comparatively
steady, March showing nn ndvanco ot 7
points, with other positions nt 1 to 3
points higher. s
There was Wall street buying on a
smnll scale, and Liverpool took n mod
crnto amount of December. Tho supply,
what there was of It, came from thd
South. Private ndvlcos from spot centres
state that with any ndvanco In tho future
market the selling by holders will lncrenso.
Iteports of an Improved demand for spot
cotton at Now Orleans, nnd also South
Atlantic interior points, coupled with a
fairly active demnnd for contracts from
New Orleans, caused a hasty covering of
locnl shorts In the afternoon, on which
prices advanced somo 12 and 15 points.
Thomasvlllc, Gn., reported a good In
quiry from Carolina mills nnd Savannah
and that tho recent decline In cotton had
changed farmers' views toward acreage
Heavy arrivals of cotton at Now York to
day Included 2400 bales llntcrs, Interior
stocks for tho day decreased 6000 bates,
compared with a decrease of 1000 bales
Inst week, 8000 bales last year and 6000
bales In 1014.
Tho exports of cotton today wero 4308
bales, compared with 44,945 bales last
year. Today's exports wero all for Great
Brltal. Total for season to date, 3,550,390
bales, contrasted with 5.502.C89 bales the
same umo nisi Benson.
NEW YORK COFFEE MARKCTl
NHW YOIIK, March 2. - The coBi?
market was firm again, this morning tS
iirsi prices wero uncnanged to E boi.,;
higher, with b.i1cb of 11,000 bags oil tk.
nnnnlni, nnll "4,
March . . . .
April .....
-May
June
July
August ...
September
October . . ,
November .
December .
January . .
ortercd.
Today's
opening
8.05
s'.ii
8 '.-20
8'.30
8!37J8.3S
TesteroiV.
. f !"?
ilii
:1m.
'l!.itl
1
8.1
1.1
8.14
8.31
8.40
BAR SILVER
v?&z Aii. London waa ,uo"4-ia
In New York bar silver was (nioUa'tij
13.A
o
i v
i V
March
jiay
July . . .
October
December
Jniitiiiry
Spot ..
Yes. close.
11.25
11.44
11. HI
11.8,1
11.98
12.05
11.45
rirwm.
11.32
11.411
11.04
11.84
11.99
12.00
High.
11.44
11.60
11.79
11.95
12.12
12.15
I,ow. Closo.
11.32 11.41
11.44
ll.SJ
11.83
ii na
12. 00
11.55
11.75
11.90
12.07
12.14
11.65
Liverpool Cotton
LIVBIiroOL. March 2. Spot cotton
was In moderate demand today at a (In
cline of 2 points, on tho basis of 7.75(1.
for nild-uplniid. The sales wero 8000
bales, Including 6000 bales American.
The Imports wero 33,000 bales. Including
32,000 bales American. The market for
futures closed steady, at a net advance
of GVitSllO points.
LOCAL MINING STOCKS
Jim nutler .
MiicNamara
Midway
Mlzpah Ext .
Montana . , . ,
North Star .,
Ton Hot
Ton Kxt
Ton Mln
Rescue Euta
TONOI'AIUilTOCKS.
inn.
92
05
.15
20
25
t&
411
4
tv,
15
Atlantn
lllue Hull
Hnnth
lIulldnR
COD
Comb Frac
Dlamomlfteld It n
Daisy
Florence
OoMlUM f'ons . .
(loldsrnld Mers ..
Jumbo lixl
Kewanos
Oro
Hand Ken
Bllver Pick
Kalry Asteo
Klmberlv ...
Nev Hill ...
Arizona Un
Nov Wonder
GOI.DFIEI.D STOCKS.
17
03
33
02
03
.06
.02
.05
,45
.90,
.14 '
1.00
II,
05
ns
04
MISCELLANEOUS.
.01
.01
.10
.40
1,80
Asked.
.94
.06
.10
.21
.30
.10
4
4 7-111
6i
.16
.18
.04
.36
.04
.04
.08
.03
,06
.49
.91
.15
1.05
.16
,06
.06
.06
.03
,0i
.21
.45
1.85
HOME STATE
INVESTMENTS
No. 3
Wc Offer and Recommend for
Conservative Investment
Mortgage Bonds of a large
Interurban Railway, Electric
Light and Power System,
operating in a busy manufac
turing district near Philadel
.phia. The investment yields about
5.42
Tax Free In Pennsylvania
Detailed circular on application
BANKERS
Estibusuid J802
x tttmlm tfsto Vork and J'nl!a4iIpAla
Stock Ktchanatt
Dboiu ino Chestnut St-. Philip.
30 I'INS 8TS.BBT NW YOK
PUBLIC SERVICE?
""'1
5prilRTTTRCi v H
"Public bcrvicc Securities J,
arc linked xvith the success
of municipalities."
Cl vsc linnualmcdlv enrlor anA ntfiJi
for your consideration the obligitiofa
or a highly ouccesstul Public .berfisT
Comnany (net earninda in 1915'wa?
nearly double those of 1914) in tall
form of a
10-year Bond to Net 6.27
JJ Amoutit applicable to paymentoi
interest on this security more than.'
times sum necessary.
1 Tax refund in Pcnna. Federal ta?
come tax paid.
fj Complete data on request.
! Baker: Aylirvg Cdi
Latixd Title I3idg. PMiaaeipniaa
ELKINS, MORRIS & C0,
BANKERS
Lan,d Title Buildlne
Philadelphia
1 Chicago Union Station Co.
1st 4y28, 1963
Guaranteed Jointly and Several!
by
The Chicago, Burlington &.
Quincy; the Pitts., Cm., Chic. Jk
St. Louis; the Chicago, MilwauVet
& St. Paul, and the Pennylvn3
Co. by endorsement.
Yield $.45
To the Holders of the
' First Mortgage 5 Bonds of
the Consolidated Gas Co.
of the City of Pittsburgh
On February 1, till, tha Consolidated Oas
Company ot tha City ot Pittsburgh mads ds"
fault In tha payment pf Interest on Its First
Mortsace l'tvo I'er Cent. lionets, In view of
thla default tli undersigned, have been an.
pointed a Committee to enforce h rljhts and
coiia.,1. f,iw ,Mw,,i. i ins poacinoiQers. The
Pennsylvania Company for Insurances on Lives
and Granting Annuities. 517 Chestnut street!
.".. . """ -wisl 4V(JVS110ry. A
deposit asreement has been prepared, of whtoh
au orUlnal oail La seen at the office of the Da.
posltory. and,. copies obtained on application
to the Depository or to any member o "b.
Committee. All holders of bonds are requested
to deposit them wltU the Depository under the
provieiuu m ma mikuwhi. nacn deposltlaa
bondholder will recilra a oertlflcate of Deposit
tn tranaferable form. The agreement miies
posited secgrltiea In case the depositor la not
aaiisnea wu'i " e ine wommittee may
announce, or with, any change which the Com-
,rtlttA niav find It necessarv t m.t.u ,v.'
provision of the agreement. ' la
CHAULES 8. W. PACKARD. Chalrmaa,
WILLIAM P- OEST. ' l-0IfWl
THOMAS 8. GATE.3.
E. 8. I'AOH,
B. KOWfkjL aI3WOLD. JR..
JAMBjl 0flY &tOWN. ' '
q. w, FBJTja ' i Cvnjnuttt
CmUHel W iWrtHtee.
r. vab atimuvi i ..A .
h "nt cSS&mSt?mZF-
,F
A
Barnett Oil & Gas Co.
(Incorporated)
Cupltal 2, 800, 000. l'ur Value ll-M
No Honda , ,
No OntstuiullnE Indebttdnene
Now Kurnlns S050 per day "
SUIinOUNDINO and contlguoua to tW
property are tho best producing; Oil to"
jf West Virginia, such as the South WI
OlMIope Natural Qaa and Manufacturers;
I.lBht & Heat Co., and the well-known jr
rtuelniT properties of the Carter Oil Co-J
and otner proqucine companies in m. z.
tervllla nold.
Stock Trailed In on N. V. Curb.
Thle security oltera unusual advantMl
Write ior Special qirvular no. 5.
E. H. CLARK.L
87 William ritrtfti New vorn mir ,
tin " ' Jg
PHILA. UNDERLYING
PASS. RWY. STOCKS
MELLOR & PETRY
Members N, Y, Vblla. Btoclc Kldt"!;
936 QOMMEKCUI. THUST UUIUWV',
Lehigh Valley Coal
v '5s i
JANUARY J 033
Pirllcujare pn application
A. B, Leach & Co.
119 SOUTH FOURTH BTKBBt f
Bell Phone IowbarcJ T. ,t
New York Clilraito Huston leavm
Bond Salesmen Wanted
TWO 8alenwn, experienced In Ift..
business, to work lo Philadelphia P "-
BMdUta vicinity Write for IntervM ,
K. II. KOLMN3 & BON8 .
till i;itnui M,. rnna'w"'T.
niHECTTOKi: Ol' AVCitVSTMil'i,
CerUSed I'ublle ACMUalanW .,
miMAl. 8SfAT T8iax "ffii
j-itJiiKa &ttu iiiLiWU'''
?Jr?Jfsif
II
),.
'its J
Xnuxvst
TTi-TlftlllMnfif'
liB,y-: Ljy.' .''Jl'iMWHIIsHKf ,W fMa T..y J