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B3!","T
EVENING LEDGER PHILADELPHIA, SATURDAY, MARCH 4, 1916.
14
' hi i , ,
I
Nv
r
FINANCIAL NEWS
READJUSTMENT OF SPECULATIVE
POSITION REPRESENTED BY TRADING
Further Declines in Stocks Which Pools Had Tried to
Bring Into Favor Number of Shares Strong
Because of Accumulation
Hifjh Points in Today's Financial News
Meu York bank statement showed increase of $7,288,000 in average
loans and a detrease of $8,tlfl70 in excess reserves, while the actual
figures iverc $26,784,000 smaller for loans and reserves increased $S,
521,650. Week's bank clearings were 40.5 per cent, larger. Stodk and
commodity markets generally easier. lictter demand reported for bonds.
Predictions made of further advances in steel prices.
New York Stock Sales
Altslca Hold Mine .
Aiasla J no d MlnM . . o
Allls-Chalmcrs Mfg.,.. 2t)
Alllj-ChalmorsMfg pf.. 77
Am Ileot Sugar ........ 87)i
Am Can..... f9
Am Can pf no
Am Car ft Kdr 07i
m voai rroaucu 15U
L Met
tilth. Low. test. ehAnrt.
. 20!f WH in,U -Us
8!f
28
GERMAN NEEDS
0 i
28J( H
2U
70! i
NKW YOniC, March 4.
Moat of tlio trading In tho stock market today roprcsontcd a readjustment
Of tho 5pcculntlvo position. There were some further declines In stocks which
pools hnd lonpr struggled to bring Into popular favor by violent nnd unrcasonnblo
Advances nt frequent Intervals during 1015, nnd liquidation of long-held holdings
of theso stocks mndo many of them extremely weak. On the other hand, accu
mulation with a sound basis made, n number of shares actlvo nnd strong, tha
Upturn Including stocks llko JJutto nnd Superior, which made n belated response
to the Increased extra dividend of $10 a few days ago.
Tho Lowtsohn-Solomon Interests apparently were again Identified with the
hull s?ldo of Mexican Petroleum, nnd used reports of tho opening of a new oil
well ns tho reason for again lifting that stock. There were many Indications
that Maxwell Motors aro nmong those issues that are being pressed for sale,
but tho selling operations are being conducted with tho aid of supporting orders
from banking Interests concerned In tho management of tho company.
Trading In tho leading Issues, such ns United States Steel common, continued
restricted by the disposition to wait for declines before a resumption of Important
accumulation. Buying of this character was generally absent all through the half
day, and was a factor In making Rending weak for tho time. Some of the traders,
who had trailed on tho upward movement In that stock a few days nco, feared to
carry It over Sunday, and closed out their holdings.
As far as tho standard Issues wcro concerned generally, It was n dead day in
the stock market, and trading In the majority of Issues now holding speculative favor
was of a character that should make tho market strong, If no unfavorable develop,
ments occur over Sunday.
Am Unseeii, ..
Am Locomotive....
Am Locomotlro pf.
Am Malt Corpn....
Am Malt Corpn pf
Am Smelt & Itcf...
Am Smelt A Hcf pf....H2!( 112
Am Smelt pf A IKi Oil
C0! 07H U
63 685 - H
ill) lin 1
oou oittj H
157J1 157( -1
211(1 2I! - Ji
r.OIf fill's -1
lOUi 101,'i 1011.
8 8 H
3! 3.1 31
08K 07)1 ns
11.')
IM
-
-'
- u
H
- H
W
H
H
-W
- H
- 'i
-I- 'f
BRITON ASSERTS
Financial Straits Declared
to Be Reason for Re
newed "Savagery"
Salcs in Philadelphia"
27 Alllnticn Ins.
in Am .Milling .
1.1 Am Urn rfd.
With. Low.
ln't inU
7'i
07
loo Hurt ft sm t o -it
Am Steel Foundries.... 6054 '50 60
Am tfujr.ir Hf Co Ill 110 111
Am Sugar Hcf Co pf.. .110)5 110H llftU
Am Tel A Tel 12711 127JI 127)5
Am Tobacco 100 10 W 100
Am Woolen Ir rets 51U GUI fil'f
Am Woolen pf tr rets., ns.'j 08M O.H.'j
Am Zinc L & Sm 70' 77 781
Anaconda Cop M ..... KSJJ r6!j JTH i
Aijoclated Oil OS OS 08
AtchTopASK 102? UVJ'i 12)
Atch Top A ii V pf....l0Hl 1014 lOUi
Raid Loco Vk 1(3 101 WVi -Vi
lultlmorc A Ohio to',' ,'0H S(U H
flatopllas Mining 2 ; 2
Ilrookljn Union Has... 1,111$ l.'lljj 1.12H B
nurr noch a pun oi's 044 i)i'4 !$
Hullo ft superior Il.i ti2'( itVi Vi
Cat Petroleum 28- 18 2S!f '
Cal rctrolcum pf 00 j GO1- 00' i 1U
Canadian I'acllTc If.OlS 10515 1'C'J )i
Chandler Motor Car .. 03 C2U rJ'S - ''
Central Leathor 62) 62 M L2H - 'i
Chesapcako A Ohio.... CD (Mi CO'f -tW
Chile Copper 22Jj
DEBT COAD CRUSHING
Duma's Program of Reforms
Lends Strong Aid to
Russian Credit
29 Cents a Pound Did for Spot Copper
Bids have been mado for ouantltles of spot and nearby copper at 2D cents
a pound, and It is stated by some authorities in tho trade that any 'interest
having 'nearby metal for sale could demand any price up to 30 cents nnd get it.
Heretofore tho spot article has been held nt nboutv2S',2 cents a pound, but
many users, both hero nnd abroad, who are In urgent need of supplies to fill
their requirements, are doing nil they can to comb the market, and this has
resulted In the higher bids.
Further Advances in Steel Prices Predicted
PITTSBURGH, March 4. Advances in steel prices, it is predicted, will cotv
tlnuo for several months. If not throughout the entire year. Buyers are naturally
alarmed, and tho mills aro being pressed for quick deliveries. Sharp competition
among- tho producers In the past Is surpassed by tho present competition among
tho buyers. Tho liills do not want to sell nny more steel, and under such con
dition's, and it Is not uncommon for steel to advance $5 a ton at one time.
China Copper.
Chlca&o ( West pf . .
Chi M A St Paul
Chi It 1 A Pacllls . . .
Col Fuel A Iron
Continental Can
Consolidated Uas
Corn Product) Hef ...
Corn Products Itcf pi'.
Crucible Steel
Cubar-Am Sugar
IJd hack A West
Detroit Edison
Distill !-cc Corpn
Dome Mlncj
Erie
Erie lstpf
Gen Chemical....
(icncral Electric. .
tioodrlch 11 E
6'
. vm
. 17,'i
. -ll'S
. 80! i
. 13214
. U'.i'l
. I)7'-i
. 74
111 J
218
.181
. 40!4 .6?i
. 'JAM 'M'i
. 30' i 35,'i
. fiih 6ili
.2S.'i 28.1
f.0!
22'f
r,au
3 lit
13
17','
IPS
sou
13214
1)7! i
73
18SH
21S 218
131 131
SiVt
;o i - H
34's - 1
l3'i - H
17i - 'i
4ii 4- y
10'f
132'i 4- 'a
224 - H
1fii i
r.y, - U
11)2 4-8?i
1
O'i
Iflif - h
24V - )i
:i.V - 'i
28.1
..107 lOMJi 107 4- W
WS 7U'i 70'4' - H
Goodrich F pf llJ;i 114,'i 1144 4- 'j
Great Northern pf VJO'i 1205s 120'n 4- '
WHEAT WAS EASIER;
SENTIMENT DIVIDED
Shipments From Australia Es
timated at 1,250,000 Bushels
for Week
CHICAGO, March 4. At tho Immediate
opening today wheat was steady, but de
veloped' an easier tendency nt once on
liquidation for over the week-end. May
at the start ranged from $1.11 to Sl.lUli,
against tl.Ulh at tho end yesterday, and
July frorn.Jt.liy, to $1.11, ngalnst Sl.U'i
-at"trfa close yesterday. After the opening
May sold down to $1.13U and July to
Jl.10. Sentiment was divided.
Tho market at Llvcrpol was dull but
steady. Shipments from Australia for
tho week were estimated atvl.250,U()U bush
els. Sweden has extended the order for
the removal of the Import tariff on wheat
and flour until July 1.
The area In Russia will be smaller
this season. Reserves there nro big, but
not as great as had been expected. The
receipts at Minneapolis and Duluth today
were 4U cars, against ;1J cars a year
ago; at Winnipeg. 604 cars, ngalnst 10D
cars; at Chicago, "45 vara, compared with
37 cars.
Corn was easier, but trade was largely
local. Tha market at Liverpool was dull.
Consumption In the United Kingdom con
tinued limited. The receipts here today
were 195 cars.
Oats were quiet and followed the other
grains. The receipts hero today were 16G
cars.
fcadlnff futures ranved as follows:
Yes.
What Om-n. Hlsh. I.mv. C!n. clo
Jlay l.ll I 141.
Ju'y t.UU 1.11.
Corn tnew ilfllvcry)
Stay 74',j Tl'i
July....... 71. 71S
data -
May 43i 43i
July , -ll' 41'i
l-ara
111. 7.i
IU.U3
New York Bond Sales
12,000 Alnskn Onld r f p Ds.iua
Hum do cv s lur.
lljoil Amir Asr Ha K'.t'i
1411,'iuo AnElo-Fr I. ."is ii4 H
luuilii Amcr Snwlt Sec (Is. 112
MMHi Amcr Tel clt 4 !)li
loon Amer 'M cvt 4',4M..105i
JiOut) Amer Writ Pap .Is. . 110
14.IOO Atchison Ken 4s.... II4T4
.10(111 Atchison cv 4s lii(i0.1U3
r.r.oo Halt & Ohio 3'.js... II.T4
r.OOII Halt a Ohio 4s Ill
3.-.00 Halt & Oh cv 4 '4s.. m!i
noilll H SO 1 L, K4W V 4s US'.
11)00 nalt & O Kwn .IHa. "lU
40000 Heth Steol 1st .Is lOSti
2000(1 Heth Steel rrd ."is. . . 1I)2"A
1000 llrkn Hap Tr r,s 'IN. 11)1
niion Cnl (Jmh & men ns. (lull
inoo rent C.i conn r.s louVs
1000 IVllt Leather 1st Ss.lO-.1
U.1IMI Cent r.u- 1st Is llOVi
:tll(l() Cent K It N J res TisJlTH
.dull Chill Copper Ts 13(lVj
200(1 Chi & Kust III 4s. . . S4
HIIMI Chi (H West 41 72
imiii cni & Nwn .Ti... si;
notw do cen is i)4 H
Ki(K) Chi H & Q Joint 4s.. UU
1)1(1(1 do een 4s n.'iW
2000 Chi ji & ht p c-v r.s. 107
inoo do cv 44s 101
t.ov. Close.
1024 103
lll.-i 103
811 4 Ml) ai
l4 !4 '.
Ill"; 112
pii ai?;
10.-.?. 11)3.
OS '4 tl'J
U4 114 74
10.1 103 i
D2f I'.tji
1)14 U14
11(1 (1 ?4
US ? (iS
HI1! 014
10JJ, 103T
loi. in:
1.1SU 1.13'i 1.13T.
1.10 1.1UV4'1.U4
74
74
43'i
11 !t
74?1
7!i
t43i
41 ?i
74 JI
74 S
434
11
May 10.70
Ju'y 10.00
.Itlba
ray ....11.73
July 11.83
l'ork
May 21.30
July 21.4.1
Did. tA.keU.
10.113
10.87
10.70 tlO.rt.".
10.00 tlU.85
11. RT
12.00
21.02
21. S3
11.73
11.83
21.40
21.32
11.80 11.72
11. VI) til. 82
21. 37 21.43
21. SO 121.10
COTTON TRADING LIGHT,
"WITH PRICES UNCHANGED
Market Had
Appearance of
Oversold
Being
NEW YOItK, March 4 Business was
email oa the Cotton Exchange this morn
ing. At tho start the tone was steady, with
prices .unchanged to five points lower.
There was no feature to tha trading and
operations on both sides were scattered.
A. light demand for October by Liver
pool kept that option steady. There was
a. tendency to show less uneasiness over
the Washington situation, and the opinion
was expressed by many that the market
at the moment had an oversold appear
ance. Liverpool cables came to 1H points
lower, whereas gains of l'.i to 3 points
had been looked for. Private cables at
tributed the lower prices to hedge selling
in a small market.
The market ruled quiet and featureless
during most of the day. Prices held
within 3 or 3 points of Friday's close, de
mand coming from Liverpool and New
Orleans, while several of the spot houses
and local traders sold on the rallies.
According to figures of the Financial
Chronicle there were 011 shipboard at
United mates ports last evening awaiting
clearance. 114,000 bales, compared with
40?,0QO last year. A Manchester cable
stated that Japanese cotton mill Interests
were seeking to purchase 5S0.O0O spindles
In England.
"1)0(1 ,!ft iron JUh
8(10(1 do fd 1 4s 04 i
10(11) Chi Rwy :s iik'4
1)1100 Clnv Sh I.lno 44s... 101
21)001) Col & South 1st 4s.. 1)2 4
1)100 Cent Vt 4 81
laiinii Col F & I Ben .Is... I)3i
HOIK) Comnut Tal) (Is na
.mini (.'umneriand Tel as
101)0 Del & Hud ronv 3s
33IIIHI ien & Itlo Or 4s. .
1000 do rM 3s
20011 do 14s
(looo Detroit United 44s.
70110 ills Mccur Corp 3s..
mono Krle ronv 4 Ser n. .
2000 Brie I'a col Is
4000 do prior Is
r.000 llu.t Man rrd 3s..
2000 Hoclt Val 4 4s
1, mm, in oieei oeo 4'4s
.".mm Indiana Hteel 3s
..intni in central 4s
101
ns'i
1004
102
oou
1174
1304
H4
Kli
1)44
1)8
1)3 4
107
101
101
II8J4
KII14
1112
1)04
1174
1:104
SI
Al-s
1)4 4
1184
l34
107
101
. .1034 1034 1034
. .1(1
834
78
714
784
81)4
814
734
".'. hi
..1034
nil
mfc4
lis 4
1004
1)24
81
03 ?i
83
l)Il
10(14
78
r.u
83 4
774
"I
M)4
.1M)4
81)00 Ins Corner cv it!
MIMill Interli 11 T ref r.s.. nil
1110(10 Int iter SUr ct 4 4s DO
1000 Kan City 80 ,1s 112
loon Kentucky Cent -Is .. 884
12000 Ijickn Hteel .Is 10.1(1 IIS4
IIIOO l.k Sh deli 4s 1D28.. 1)3
1000 I.OU A N'niih tfen 11'U
.1000 lllch Cent 1) 4g t.s4
j . . . . 110 ',
M 4a Ii:!';
1II0II Manila Itivv 3a - Hit.'
2300 Mo Kan & T 2d 4s.. 4(1
looo do 4 4s .1114
201)0 Mont I'ower ."s Il(l
.1000 Minn St I, Is
iiiiiii Jimn at r h h
1)14
103
80
180
111).
1)34
02
8S4
03
1)44
112 4
884
HO 4
034
814
4.1
:it4
nii5
-84
N.-Hi
04 4
114):
1184
101
1)2 4
81
1)3 4
SB
no ;
10(14
78
no
83 4
78
Zl
t . 4
i) 4
844
73 4
11.1 4
1114
103
SO
180
!lll4
113,
1)2
8H4
03
n.i
1124
8N4
1)34
814
40
311 4
Blli
784
834
)S
1000 N V f-.rc col 34. 784
UOIIO N V C & 11 34s. . . 834
7000 do 44a 03',!
1 1 em os 114
V City 4s UISD... 081
do 44s 10(10 1024
5jn' do 44s 10(13 lim'4 10(14 111(14
3000 do 44s 10(14. ....1024 1024 1024
1110(1 do 44s Slay 1057.10(11 1011; 111114
700(1 N V a II i I 4s 8(14 8(1'J 8)14 !
looo do r,s 1034 10.14 10.H
1134 111
084 us;
'. ll.
l'.'ooo n r it 11 t 11 ii
38000 N y Itwv adj 5s. .
2000 N y Tel cn 4 4s..
(inoo N'orf Is West 4s...
1000 North Pac prior 4s.
nuuii uo sen as
. . . (! Kll'i HU4
...1034 10.14 10.14
...1144 1144 1114
lil?4
Ill)
034
All).
ut Nor cfs for ore pf.. 41'i
(iuzgcnliclm Eipla .... 21
(Iranbr Consol S9
Illinois Central 10U
hit Con Co- v t c sh.. 104'
Int Consol Corp pf. ... 7.'1!b
Int Harv N J pf ....
Ins Con Copper
Int NIckol v t cfs....
Int M M cfs or dp...
Int M M pf cfs of dp
Kan City Southern ..
Kan City South pf ...
Kcnnccott Copper
Lack btcel Co
Lee ilubber & Tire. . .
Letiiah Valley
Llgcctt & Myers
Alackay Cos pr
Maxucll Motors
Max Motors 1st pf...
Max Motors 2d pf ...
.Mp.tlran Petronm . ..
Mcx retrolcum pf
Mo Kan & Texas pi..
Missouri Pacific
Miami Copper
Minn St P & S S M .
Montana Pocr
Nat Illsoult Co pr. . . .
Nat Lead
New York Air Hrako.
N Y Ml S II
N V C & II It
Nov Ccn Cop
Norfolk & Western...
Korthern Paclllc
Ont Silver Mln
Pacific Mall
Pennsylvania H It....
Philadelphia Co
Pitts Coal Co N J
..114
.. 45'
.. 4o4'
. In'.i
.. KM
,. 2.1' i
CO
. mi
. -r,
. :mi
. 775
.2.10
. GS
. GOH
. cava
. 45
.lOOVj
. cs
. 1:1)4-
. 4'f
. us3
.110
. 72
. 126'i
OOJX
4115
21
sn
102
111.1'!
7:is"
nt
44,','
45
ir
(2W
2oJ-i
GO
M'i
74H
o()
"H
2:0
(IS
SO'f
r3
41U
07U
07
WV.i
'.
- i
1
II
21
.'0
102
lilia - .'.'
7.TV Ji
lit
43
4o!' - U
).-. - ';'
(2W -1
2SJS ii
GO
mi
i
"ii hi
MO '(
G8
50! i
i3H
Hi
)l
T. M
99.4 1
110
72
12fiM
CO
98
YAM
n
3o3i
110
72
I2GJ4'
GG!i
2!-i
- M
)i
- ii
Hi
2
-2H
H
By FRANCIS W. HIRST
I'dltor Tho Kconomlst, Ixindon.
Silcclal Cabte lo the livening Ltdtitr
LONDON, March 4. Germany's dos
nerato effort nnd IncrenshiB submarine
savagery Is attributed to severe financial
straits nnd the difficulty of floating; a new
loan without some military success. Kvl
dcntly marl: exchange cannot withstand
the Increasing pressure of redundant cur
rency nnd a swelling debt.
The Copenhagen meeting Indicates that
tho solid neutrality of tho Scandinavian
powers may have Important bearing on
future events.
Itusslan Duma reports Indicate prog
ress for liberal Ideas and administrative
rcform9 which should help Itussla to bear
Its war debt burden.
A political truco hero has broken the
tariff reformers In three divisions first,
pure protectionists for homo farmers and
manufacturers; second, Imperial prefer
entlallsts, and third, nnti-Qcrmnn prohi
bitionists, who ndvocato a tariff war
ngnlnst Germany after peace. Theso last
are up against the Kast Coast, Bradford,
Manchester and London City Interests.
Lending shipping authorities, nbtably
Sir Walter Runclman, point out that neu
tral ship owners nre profiting far moro
than the British by tho present exorbitant
freights, since all their vessels aro free
and their profits untaxed.
Freight difficulties largely oxplaln tho
falluro of Portland Cement for tho first
tlmo to pay a preference dividend.
The delicate situation In Washington
provoltcs much Interest here. We appre
ciate tho President's firm stand for tho
law of nature and of nations.
Prices still soar. Tho Economist's Feb
ruary Index number shows nn 8 per cent,
rise. Tho stock market Is Idle, but tho
bank position Is again stronger.
Anxiety about tho new taxes Is in
creasing. Metal speculation has been stopped to
check the rise In wnr metal.
40 Cam fllecl
200 Con Trao N 3,
on Key Tel pref. .
323 l.k Hup Corp..
I LehlRli Vnl....
10 lli Vnl Tran.
103 do pref
30 Novailii Cons.
201 Pa It It
10 1 Steel pr. .
1.11 Phlla i:teo. ...
81
71
(1!)
It
78
214
434
1(1' 4
r.7t
1)84
274
100 P It TTO ott 1IIU
100 do tr ctfa...
81 Phlla Troc..
10 hep t & H.'.
HO Reading ....
180 Ton Ilel
23.1 Ton .Mln
2 l.llh.tinth P.
200 Union Trnc..
N Unit dan 1m
77.1 V H (Steel...
10 W'cstm Coal.
104
. 71)
. B04
. 814
. 4 4
. "i
.231
. 43 i
. 8(1 IS
. SI 4
. n;
60 V Cramp & S J.I
74
07
11
81
7!
no
lfltt
78
214
43
1(14
37
1)84
274
1114
104
784
r.04
814
in
(14
23.1
434
81) 4
814
(174
73
1
Net
Close, chiro.
loll - U
74 - U
07
41
81
71
!)
I0i
78
214
43
in4
f.7
os-n
27 i
lll'i
11)4'
71)
6114
81 .
44
nj
23.1
134
Sl4
814
07 ft
U
BOND MARKET MUCH IMPROVED:
TAX-FREE ISSUES IN DElMAjffl
Hnn.i nnH Trnsfc (lomnaiiies Iiivestinir Surnliio W..i
; " . .;...-j inna nnnA nrraa
January itaiiroau iuui. mugo uuuu unuiuons in
West Better Local Market Again Quiet
Tnlnl sales. 4101 shores, compared "lll
BJ73 shares lnsl Mnturilnyi for week, ol,ll'j3
shnrrsi last, wtrh, 41), 143 shares,
UO.VUH.
Net
Hlth. I.oiv. C'loso. chBe.
300 A (1 te K .Is.. Il.i '4 03 4 P.T.4
1400 K fi P Tr 4s.. 814 81i H 1 "i ?i
1000 Key Tel 1st 8s 084 US'. 4 "84 4
3000 I, N con 44s. 103 103 103 U
6000 Ii A New Efis.1034 1034 1034 4
2000 Ta Oen 44s.. 102 102 102
6000 do con 4 4s. 1 0.1 4 10,11 10.14 .....
1000 Ta & Md S (Is. 1054 10.1 T4 10.14
0000 Phlla Klec 4s. 834 834 834
1000 Hpan Am 1 Os.loiU 1024 1024
6000 Un llwy t c 4s 724 724 724 U
flncreaBe. Decrease.
Total nle, Si 1,300, romnnrnl with S.11.
400 Inst Mntnrilnri for week, 831l,000t Inst
rek, $107,600.
Local Bid and Asked
N.
Y. CURB PRICES
UNDER PRESSURE
Small Gain in Midvale
Quiet and Irregular.
Bonds Dull
-Oils
.139.1, KiQ J39J a
2S'
A7
41
:wt
. 07 (17 ti7
.104 104 104 - U
. 10' i lfl's lfijj - u
.115 115 115
112H WJH 112! J M
. 7?i 7 7f - H
27j 27"4' - H
SOS- im - j
40!i 40lf )(i
30tf JlOt,' 4'
10-IVf IOP4' - "1
. 50'- 5015. -ZOii H
. r, W 5
. Il'-f (IJi II','
. 3S?i as 14 38'-i - i
. 24. 241i 2 MS H
. 82!' SUi Sl'i - U
. am now r,u( is
.111 111 111 1
. W -Hi ii ?
. 3C!i 30'. 3(14 - i
. 54!f 54'f .'AU U
. D7U !)f!i UOJi Ji
.170 170 170
.nn.'f 110 1104'
.... 205 201S 204
. . . 57 .17 57
....138 130H 137
.... 55K S-K mi
....201 10934 203
.... OOU OOU 60S
....10.34 103 105
.... u;i Ji'i 11'.
....132 131JS 1314 - M
.... 82 S2 r'2 i
l.VJJf HflVJ UOJi -Vi
Pitts Coal N J pf 10 14'
Pressed b Car
(JulclcsllTcr
Quicksilver pf
Ky hteel Sp
Hay Con Copper....
Itciillnz
Hepuhllc I & S
Itepubllc I & S pf...
St I & S F 2d pf. . .
Miat Ariz Cop
SloiS-Shef S & 1
Southern Parlfic
South Porto H Sue. .
South P H Sub pf...
Southern Ity
Southern fly pf
Studcbakcr Co....
Tenn Copper
Texas Co
Third Avenue
Tohai-co Prod pf. .
United Clsar S pf.
Union Pacific
Union Pacific pf..
UMnd Alcohol..
U S lnd Alcohol pf. ...105H 105l 10 V? lh
).'
H
- h
-1!
-I
4- H
H
flli'4
1)3 4
D34
8(14
till1.
225
Mar . .
July . . . .
OrtstMT .
l.)inbf
January
llwury
Ye.
.1 W
. 11.75
..11.111
. .tS.07
..12.1ft
10 JO
a.m.'
11.61
11-70
II
11
a.m.
11. SI
SU li
!-W
llZ0
a.m.
11.34
11.74
lt.8l
Liverpool Cotton
MVyiU'OOL, Uaroh 4.Spot cotton
teday w(ia dull, at 1 point lower, oa the
SwitB of 7.83d. (or mid uplands. The
Kftt? aegrcitatoa 5Q00 bale. Including
4)08 bales American. The Imports were
ia,W twlei, iocludliiff 12.000 bales Araer
iattia. The market for tuturoa closed easy.
M iwt deltie ol-MWi points.
COTTON
mmfy t. .TTi.i4ff z.sn.m i,ws,as7
"tLtii " .ailV2m S.0.4iJ ILtftSM
.1000 Phlla Co (1. 1022... 034
40(in Penna 4s 1048 i)8I nnI
1000 do rn 4Ki 10.14 103H
1000 do 34s 11)44 8.1(1 854
3000 Publlo Serv N J Sa. 00 4 1)0
uihiii iieamnn yen hs .... .V4
2(100 Itep I & a 3s 1)04
200(1 Hock Island rfd 4s.. 0.11
1000 S A I. ndl H. fls!
100(1 Houth Hell Ss tOOfl
1000 South Pao 4s SB
30000 do cv 4a 874
1700(1 do cv ret t p BS..10I4
8000 do rfd 4. 004
2.1000 South Itwy con 6...102U
lflim Tenn P & Ir 1st Bs. . OH
2000 Texas V.a Us 10.14 1054
2000 Third Ao new 4s.. 82 82
SOOO Third Ava adj 6s.. 83; 834
3000 Toklo 8s T8I 784
SOOO U S Realty 6a 72U T1V,
1000 IT 8 Kubber lia 102 1112?!
22000 U S Steel 6s sf loiri 1014
1000 ir a Gov 3s e ITI2(! 102
24000 Union Pao 1st 4s.. 0T4 B7S
3000 Union Pac rfd 4s. . . 004 D04
1000 Va Us nrown Bros.. .114 314
2000 Wabash 1st 6a 1014 1044
fSOmi VaK.l T m , Jm til ill
""Y" -V.T " r ," r- - 2 .
titiini tc.L ma isi .a,.,., 7J4 T2
-', iv.ii nnnra rmt m uoi.
iiiai west anore 4s
1000 West Union 6s
Total sales, 1 1, 093. 000, eoniaared
S1.6SO.000 U.I KaturdiTi lor week.
SIS.OOOi last week. U.tU.0OQ. '
LOCAL MINING STOCKS
TONOPAH STOCKS
BIH.
,,,....,.,.. .00
............ ,11a
(1
on
034
1134
(184
!S4
l)8I
10.14
8.14
00 4
1)3.
00 4
n.i
(13 '4
ioo;
8(1
874
104 4
004
102 J
on
10.14
ss ;
78
t..i7
te'i't'.', sou rS';
s 02 ji 024
s111...ioii; 10J4
074
004
614
1014
7
'$
101 !i
with
17.-
Jlin Butler ......
MacN'amsra
illipah Kxlen.lon .
North Star
Toaopah llelmont
Tonopah Bxtenslon
Tonopah &Inlnff
Rescue EuTalla . .
West End
........
IS
,16
4 4
44
o?
,73
QOI.DFIBLD STOCKS
Atlanta , IT
iiiu.'uuii ...:..:,,::;: .ja
nuudo ,' :.:.; ;nr
C. O. 1) ,, ,03
(Vmblnatlon Fraction .on
niam O. D I .02
Uatay .0.1
(oranca 41
(loldReld CTonsolldated
OoIdRtfa ll.rg-or ....
Jumbo " dtensloa . . .
Kewaaas
Oro
Sand Key
Sl.lver Pick
.80
.14
.08
.IK
.05
.05
.03
, MISCELLANEOUS
Katry Aitc 01
Himoeny.
Nevada
Arizona
Wader ,,..,..... . . J.s
Askrd.
.02
,oa
,10
lid
4 4
64
.18
,76
,18
,04
,3.1
' .03
.0.1
.08
.0.1
.oa
.44
.00
.16
1.0Q
.18
.Od
.0(1
.00
.0.1
.0.1
.20
M
BAB SILVER
1s4ob bar ailWf was jjudu t aj
l bar mr la K Torft was'
8?W. T
United Fruit Co.
U h liubbor
V S Steel Corpn
U S Steel Corpn pf. . .
Utah Copper
Va-Caro Chcm
Wabash
Wabash pf A
Wab.wh pf II
Western Lnlon Tel...
WeitEft M
Wheel & I, K2d pf...
Willys Overland
WIUjs O pf s cl f p. .
143'i
. 49,4
. S2
.1111't no;.
. UH K41S
. 44
. 13f
43)f
. 20! i
. 8SJ4'
. tWi
4)5
212 212
. 101 103
'.
- a
2
1
Total sules. 102.300 shares, compared with
271,800 shares Inst Saturday! for week.
2,003,000 tliaresi last week, 1,850,200 .hares.
142'i
tnu
KltJ
44
13i
42!i
211
88
C2V
44
l''2'-i -
19!.'
Slij -1164'
84U -
44
13!.
43
20
t2U
415
212
P03
NEW YORK BANK STATEMENT
i
Average
Loans Increased,
Actual Fell Off
While
NEW YOTtK, March 4. The statement
of condition of the members or the New
York I'learlne House Association this week
(ihowB an Increase of $7,288,000 in aver
age loans and a falling off of $26,784,000.
Average excess reserve fell $8,114,470 and
actual increased $2,521,6:0. Details
follow :
Aeraze
T.oana. Increase
Oeraand deposits. Increase . .
Time deposits, decrease . . .
Excess reserves, decrease . ,
Actual
T.oans. decrease
Demand deposits, decrease . .
Time deposits, decrease . . .
Reserves, Increase
(7.288,000
2.427.00(1
1,223,000
8.114,470
28,784,000
2.1.826,000
3,180.001)
2,521.030
FOREIGN EXCHANGE
NEW YOrtK. March 4. The market
for foreign exchange was pply moderately
active, and there was otherwise little fea
ture, About the only change of Impor
tance was a slight hardening in Italian
exchange and ease In francs.
.Quotations: Demand sterling, 4.76 7j;
cables. 41.77; franc cables. 5.87?;; checks,
S.88 Vi ;, this was a shade under Friday's
final figures. Tteichsmarks were unaltered
at 7?i and 73 7-16. Other quotations
were: Swiss cables. 5.23 Uj checks, 5.24;
Vienna, 13.15 and J3.6; Copenhagen,
28,15 and 28.25; pesetas, 19.01 and 19.05;
guilders, 42,4 and 42?g; rubles, 31?i and
3 19i.
RATES FOR MONEY
fall.
New York , 'SSa
Philadelphia . . .' . ..".. 84 1
lloston ..,.
rilfim 31tai
Commercial paper, three to six month.
aaeipnia, .nui per tvpi.
"SSsV
S8$4"
4 4W
4 44
itb, Ptuf.
GOVERNMENT BONDS
Ss of lao watered 00 4i A,k,d'
a ot WO coupon....
Panama Ss. realstered. . . sa
Panama 2. 1934 re(ltereL sa
Bagama' new J resisurtd lOsty
1, l.lff 1. .. .. ,M WH - .... A IfA
i.
UM. wis mApST-
i iHS rwwra
ia tit WIS coupon
4034 Ida 14
.102',
in
1114
!'.
NEW YOItK. March 4. Trading In the
market for outsldo securities today was
or a light character and, while firmness
developed nt the outset, a reactionary
tendency set in on light selling pressure.
The fluctuations, for tho most part, wcro
Email, with the exception of a few of the
wnr Issues.
Poole Engineering and Mnchlnery
moved up 5 points, while Curtlss Aero
plane cased off about 2 points. Mldvale
Steel, on small purchases, was nt a range
of nbout .
Tobacco Products, after a slight up
turn, went off, and AJax Rubber ruled
firm. Cuba Cane Sugar rose ii.
Oil shares wcro comparatively quiet
and irregular. Cosden OH was a shade
higher.
Mining Issues were almost entirely
neglected, but about steady. Bonds were
dull and unchanged
INDUSTRIALS.
Paltlmnrc Tub . .'
Aetna Kxploratlon '
Amerlc.in-llrltlsh Manufacturing.
Atlantic Ouir & IV I S S
do preferred
American Marconi
AJax Ilubber Inc w 1
Canadian Cur &, Foundry
do preferred
Chevrolet Motor Car
Curtis Aeroplane
Cuban Cane Musar
Drlgt-H-.Seabury
llmtrson
Haskell and Darker Car
llendee Manufacturing
International Mercantile Marine..
Inter Mer Marine prfd
Kelly .Springfield
Kothodlon Uronze pfd
Manhattan Transit
Maxim Munition
Mldvale Steel .!
Otis rilevntor
Otto i:isenlohr w 1
do pref
Peerless Motor
Poole Knsr & Mach
St Joseph Lead
S 8 Kreaite w I
Stand Motors
Submarine lit v t c ctfs ..
Trlanirln Film v t ctfs
I'nlted Profit Hharlng-
If S Until and Heat ;
If S I.lsht and Heat pfd ...
White Motors w I . . T. . . . .
World Ktlm
Today Yesterday
Hid Asked Illil Asked
DulT k Sua t o 40 42 40 II
do nfd .10 no an 00
.T f J Ilrlll nil III) 7
Ilaldwln lol 14 102 102',4 103
Cambria Hteel St Nt U SI Hl'.i
Klectrlo HtornKO II24 "It '! 14
Oenernl Asphalt .11 .'1.1 :I4 .1.1
do pfd 7(l'4 71 70J4 71
Keystone Tel 1.1). II 1.1 14
do t r l.'l's 11 l!l4 II
do pfd (Ill Til III) 70
Lake Sup Corp 10'S 11 10i 11
LchlKh Navigation. . . 7,1 j. "(I 7.1 !. Tit
Lehigh Vhllcy 77(i 77J4 77U 78
Lehigh Valley Tran.. 2t 21 'i 21 21'i
do pref I2i -lll'i 42!4 4.1'.
Pennsylvania fid'i .17 R7 r,7'4
Phlla Klcctrlc 27 27'.i 27S 27
Phlla Co 40 41 40 41
do fi per cent prer. .Ki'i 3(1 Ji 30'i SH
do 0 per cent pref. 44 44 Va 44 44 f4
Phlla It T in'4 lll'i ln'i Ui'l
do tr ctfs IUU 10'4 lli 10V4
Iteadlna Hl4 SI H 82'i 82V,
Tonopah Hnlmont ... . 4',a t'l li t'i
Tonopah .Mining il'4 HH l!4 1
Union Traction I.1V4 4:ti 43'i 41
17 Gns Imp Sll't M'W 8!)'i 81)'
IT S Steel SI '4 Kl?j HIT. 82
York llwy 10'4 11 104 10T4
d pref .17 .1714 .17 37Mi
Win Cramp t c 71 7.1 71 73
Much Improvement has been shown n
tho bond market during tho last week.
This has been tho result ot two things,
namely, the falling oft In tho sales of for-elKti-Iirld
securities, both stockw nnd
bonds, nnd the buying by Institutions,
move particularly banks and trust com
panies. Many bond men report that tho
demand, In some cases has been urgent.
Tho banks nnd trust companies have a
largo amount of surplus money on hand
nt present nnd thero Is very little demand
for It for loans, no that many of them havo
turned to tho bond market to Invest. For
Investments of this kind the short-term
securities havo generally been sought,
u'hlln mtinli-lii.it li.-mda havo also been
taken. The statement of the Clearing
Houso Association this week showed that
the members bad a surplus of $62,518,000,
an Incrcaso of $7,GOQ,000. Loans, on tho
other hand, only showed nn Increase of
$1,188,000, Hint Item stnndlng nt $470,
731,000. Tho lux-frco bond Is In tho greatest de
mand and this explains tho lnaulry for
tho municipal bond, Ono man, In speak
ing nf the bond market, said that the
llrst question asked by a prospective cus
tomer when told of a bond generally was:
"Is It freo of tax?" It Is Interesting to
nolo that tho prices of municipal Issues
have been bettor maintained hero of late
than those of rails. New Issues aro being
rapidly absorbed.
Itallroad reports for January, as far
as mndo public, nfford a fairly accurate
idea of tho showing that was mndo by tho
carriers as a wholo for that period. With
out exception gains of substantial vol
ume have been shown, nnd nccordlng to
olllclnls of various companies, thero aro
10 signs ot any iowip it, .(,, ., ''S
Business being handled. Thi, '"."WU
i-nltentitla i,.iti 4.hMi.-i... ' Aiu3 year.it.-V
Hum. li nn . '' hTY VI. C.nrn. UHltffl
tlalns In revenues have been . firth!!!!
notlceabte on the lines cast ? "U
EiMinni rn,..- 1...1 I ,. cns.t0" ills toJt:
these companies have bee fi v0t$Ut(ul
argo amount of war order lush,?..'"
nas originated In their territory ana T
bids fair to .contlnuo large In .k"l,.N
t:onaitions n Western terrl tDrl
gradually working bettor, and 1 tl'? i
llnved that earnings of t10av ,'l W
road systems will maintain tluMr r,r.v il
gains. , Some ot the comnania. LP.?"!
a cons ticrabio loss In the passon',!'5i
cntles, because a year ago the l'n55 'M
position was being held at San Sl
and nil companies were hau.lnjM.J22S
hers of passengers to and from ,., 'T'I
On the other hand, tho war in i""!
has prevented many from spendn?!!Sfl
annual vacations nbroad, and r...04
the United States Have been lar?it.Ui
ranlied, so that the passenger S.H
tho carriers has been better thiw?l
bo looked for under normal condlil""'1'
Again today the ioca mark., " 4
very quiet affair nnd r.rwV 1. 3"'J
wero Irregular. The only fcaiii,. ".
ijiiiieit amies atcel common o m. . "1
1000 shares of that stock : clwnSlnA i'l
at 81 i. . Local tractions wraBn?ini.hW
bo a trifle soft. Philadelphia fvS-b
was up a small fraction, as wa32.
Valley Transit. Keystone Telenhon.
ri ."'" "P.?1 t06D' A featuwhia
mo,, uuur was tne upturn in Cmmn .i ""'.I
A few odd lot sales wo recorded 'If.'ft I
and 75, the latter being ihBrt2?!d.ilJ
'? .a.?al" of $5 over 2
1111.11 nuoiaiion.
ver yestenlaj'ijl
PHILADELPHIA MARKETS
Financial Briefs
ma. Asked.
100 108 ,
2.1 '4 23 1
.18 2H
28 211
. 4(1 47 '4
. .Hi 3i
. us "4 mi
. 112 11s
. 82 KH
.140 142
47 .12
41) '4 .1(1
137
11 i
43
211
14
UO
07
2.144
'H
?4
63
. 63
. .11
. 1)0
. 27
.110
. 1.1 '4
. 12
. 7i
. 3 Hi
. 34
4
11.
8TANDAUD OIL SUBSIDIAHIES
Prairie , io
Illinois ign
Ohio on ...; ;..:.- .-"t
Standard Oil of California .55')
manaaru un or sew jersey ro.i
Standard Oil of New York . . . .207
OTIlUIt OIL STOCKS.
Harnett Oil j-i:
Cosden Oil 1 '
Chalmers Oil 0
Houston Oil 1714
.Midwest Ileltnlne ...fib
Sapulpa vzi
MINING STOCKS.
Atlanta
Oerro do Pasco
Butte O & Z. v t ctfs .
Ilutto & N y
Klrst National Copper
lolddeld Mercer ..'...
Heclu Mlntns
Houo Sound ,
Jim llutler
Jumbo Kxlen.lon . . , .
Magma Copper
Niplsslne Mines Co ....
San Toy
West End Con
West End Extension . .
13!)
12
4.1 i
31
lit
11.1
-111)
"24 Vk
IS
oji
03 U
11.1
511
101
27 '.4
11B
1BH
13 '.1
8W
33(4
4
1T4
8fc
48
l?i
Commercial failures this week In the
United States wcro 380 ngalnst 407 last
week and 478 a year ago.
Tho Atlantic, fiulf nnd West Indies
Steamship Lines report December operat
ing and other incomo ot $2,138,547, an
increase of $510,028 over 1014. Surplus
for the month was $252,114, Net Incomo
for the year ending December 31 Increased
$2,236,803, with nn increased surplus for
the period of $2,110,715.
Tho Bank of England reports tho
amount of currency notes outstanding as
95,072,504, against 93.fi05,327 last week.
The nmount of gold held for the redemp
tion of such notes remains at 28,500,000.
Announcement is mado by the Trum
bull Steel Company that $1,000,000 pre
ferred and $500,000 common stock of the
recent $6,000,000 authorized will he mar
keted at once.
Tho price of Oklahoma crude oil has
been advanced 10 cents a barrel to $1.40.
The New York banks lost to the Sub
treasury yesterday $713,000.
The annual report of the American Mill
ing Company for tho year ending Decem
ber 31 shows net earnings from nil
sources amounting to $71,520. This com
pares with $113,418 not In 1014. Tho bal
ance sheet of December 31 gives total
assets of $1,116,751, an Increase of $38,
852. The surplus of the Corn Products Ite
fining Company for tho year ended Decem
ber 31 was $3,168,368, equal to 10.62 per
cent, on tho preferred stock. Total Income
Increased $1,028,679 over 1914, with an
Increase In surplus of $866,081.
17
37 4
I?
,?'
4
a'i
00
118
17
au
ia
73
1
223
18.1
229
2.11
M7
203
12S
8i
It)
CO
13
18
3D
3J
At.
02
100
17 'i
m
18
7
Erie rts ...
II & O Cs,..
Cerro Os
Mldvale Ss .
BONDS.
.181',,
.117
. Oil
H
1(1 Hi
120
88 H
CLEARINGS UP 40.S PER CENT.
Baltimore Only City That Did Not
Show Increase
There was a further gain In bank clear
ings for the last week amounting to 40.5
per cent. The actual figures were $4,8(2 ,
512.631, against $3,146,372,418 for the
eame week last year. Philadelphia
showed a ,go.In of 47 per cent, Details
follow :
1918. lots
New York..2,fJ4.3yo.S05 1-98.M7.239
P. c.
lTO.TtH.IUM!
St4.dol.10s
40.414.188
3S1.S3I.US5
81,848,014
23,877.430
132.808.S2D
52.8
no a
14J.0ST.e88 4f:3
0.2
4.1.1 00. .1rt
321.110243
7O.404.8J3
21.602,24)9
J 18.8
10.8
11.0
Tloston
Philadelphia
Baltimore. .
Cblcaso. - -
St. Louis..
N- Orleans.
Seven cities.
5 d a. .13.387.802.403 $1.333.891. 889 48.tf
0ttl&S"' TM3;87? 601,313.488 -US 8
Total of li"
cities for
8 Uy..'l4,lQS.33.7$2.55.sa4.$ST 4-S8
j,m t t i -ww
A1$U
-zay . . . s
Total of all
clttf for
.
740.2ST.013
491.038.084 BO.S
Mi2,MS.BH I3..87 4ri0,ft
DESTINATION OF EXPORTS
NEW YOniC, JIarch 4. Tho statement
of exports from the port of New York
for the week ended February 26, 1916,
compiled by the Foreign Trade Depart
ment of the National City Bank, shows
the destination of the principal shipments
ns ronows: i-jngiann. $12,177,621, ngalnst
$4,017,788 In the snme week of 1915;
France, $5,183,655, against $5,928,801;
Italy, $1,041,051, ngalnst $2,437,019; Rus
sla, $2,670,427, against $4722; Sweden,
$501,833, against $1,056,084 ; Chill, $1,721,
783, .against $6173; Cuba, $1,343,746,
ngalnst $826,159 ; Spain. $1,226,499. ngalnst
no exports same week last year; Nether
lands, $1,070,008, against $562,427.
DIVIDENDS DECLARED
H. J. Reynolds Tobacco Company, reeular
quarterly or 3 per cent, and an eitra 2 per
cent, on common, payable April 1 to stock of
record March 21; also regular Quarterly o(
14 per tont. on preferred, puyabto April 1
to stock of record March 21.
American lleet Hucar. resular quarterly l'i
per cent., payable April 1 to holders of record
March 15.
J. I. Case Threshing- Machine Company, reg
ular quarterly l'i per cent, on preferred,
payable April d. to stock of record March 13.
RAILROAD EARNINGS
CANADIAN PACIFIC.
10ia Increase
Fourth week February $2.6U.1,oon isso.ooo
Month 8,54(1.000 2,013,000
From July 1 81,687,000 15,050,000
NORFOLK AND WESTERN.
January gross l.r33. 3.1(1 tl.fioo.10s
Net 1.710,(140 1)23,033
Seven months' gross. 32.70O..S8.1 8,181,314
Net 12,000,228 5,600,510
COLOKADO AND SOUTHERN,
January gross........ $1,302,8.12 J 1(1(1,2.13
Net 402,878 138,74.1
Seven months' gross. . U.dnil.lliH AT8.040
Net , 3.180,334 700,000
DENVER AND RIO ORANDE.
Fourth week February J4B3.70O $182,200
From July 1, 18.700,601) 1,873,500
DENVER AND RIO QRANDE. '
January gross
Net
Heen months 1
-Net
11.721.5.111
51S.0DT
15.23T.4TT
5.507,821
1241,880
140,720
1,. 157,421
1.501,014
HANK CLEARINGS
IJank clearings today compared with corre
sponding day last two years:
1010. loio. 1914.
Phlla. ..t3T.US2.B33 $23.00T.30T ti1.23T.140
Boston ... 31.191,875 23.tHtt.83T 3d.7T0.0UO
New York. 403.110. 0-11 3a8.573,03q 803,253.070
Less Money in Circulation
WASHINGTON. March i. For the
first tlmo In many months the amount of
money In circulation In the United States
on March 1 showed a monthly decrease.
The United States Treasury statement
gives the tota' on that date $3,026,801.-
lr 63a, which was $7,877,385 less than on
February 1. but was $484,971,616 more
than on March 1. 1915. Tho falling off
in February this year was largely due tp
a decline ot about $14,800,040 in Federal
Reserve notes, qold, and silver forme
showed little net change, and Federal ite
ierva Banknotes, u comparatively new
issue, increased nearly $J.0tfO,tl00.
GRAIN AND FLOUR
WHEAT. Receipts, 128.841 bush. Thero
was n fnlr export ilemnnd nnd tho market
ruled steady nt the Into advance. Quota
tions: Car lots, In export elevator No. 2 red,
Rpot and Mnrrh. $1.11) VI. 133; No. 2 Southern
led. tl.I7V1.20; steamer No. 2 red, II. low
1. in: .so. .1 reu, u.iuuei.ju; rpjecieu ,
tl.t.liifM.lnli: rejected II. tl.lSU 1.1.1. ,
CORN. Receipts. .11.880 bush. The market
vrns uulet but steady nt the. lato decline. Quo
tations: Car lots for local trade, an to loca
tion No. 2 yellow, 8081o.: stenmer yellow,
T.S'4 5JTn'?e. : Nn. 3 yellow, 74!4 (fpTBlici No. 4
yellow. 72!4(!J 73 4c.; rob, per TO lbs., T8e.
OATS. Receipts, 1,1,470 bush. Trado was
slow nt tho recent decline. Offerings were
ample. Quotations: No. 2 white, 02ri2c.;
standard white. 503Blc.: No. 3. white. 4IISB
fine; No. -I whlto, 4748c; sample oats, 41
40c; purified oats, graded, 4014 051c.
FLOUR. Receipts, 741 bbls. unit 1.500,401
lbs. In sacks. Demand was light nnd prices
wcro without Important chance. Quotations
per 10(1 lbs. In wood: Winter, clear. t.l.'JOW
5.40: do., straight, $B.riO5.70; do., patept,
$,1.80011.10; Kansas, clear, cotton sacks. J4.80
df.l.t.1: do., straight, cotton sacks, $.1.20
5.50: do., patent, cotton Racks. $5.50(Pn.7l);
sprint;. Urst, clear, $.1. 15(05. 40; do., straight,
$.1.30Wri..1(); do., pntent, $3.7.100: do., favorite
brands, 111.2.100,7.1; city mills, cholco nnd
fancy, pntent. $0.2.10(1,75; rlty mills, regular
grades Winter. clear, $5.2005.40; do.,
straight. $5.5005.70: do., patent. $5.8000.10.
RYU FI.Ol'R sold slowly at former rates.
Wo quote $.1.2505,75 per bbl., ns to quality.
PROVISIONS
Thero was llltlo trading, but values were
steadily held. Quotations ranged as follows:
City beef. In sets, smoked and atr-drted. 24
2.1c. : Western beef. In sots, smoked. 24 St 25c!
city beef, knuckles nnd tenders, smoked and
alrdrled, 2H02Tc. ; Western beef, knuckles and
tenders, smoked. 2G2Tc. : beef hams. $28
SO: pork, family, $22.50023: hams. S. P.
cured. loose. 15016c; do., skinned, loose. 16
01Tc; flo.. do., smoked, 17Vi018Wc: other
hams, smoked, city cured, as to brand nnd
average. 16 Vi 017c; hams, smoked. Western
cured, 16'.4017c; do., boiled, boneless. 27c;
picnic shoulders. S. V. cured, loose, 10 c:
do., smoked, 11 Ji 012Uo.; bollles In pickle,
according to nvcrngc. loose, 12H013c; break
fast bacon, as to brand and average, city
cured, 16016c: breakfast bacon. Western
cured. 16i16c; lard, Western, refined. In
tierces. HUc; do., do.. In tubs. llUc:
do., pure city, kettlo rendered. In tierces,
mc; do., pure city, kettle rendered. In tubs,
REFINED SUGARS
The mnrl.et was iiulet but firm. We quote;
Extra nned granulated,.-l.33c. : powdered.
.i'X'W confectioners' A, 0.25c; soft grades,
5.0000.20c
DAIRY PRODUCTS
CIIEESR. Tho market ruled steady under
moderate offerings, but trade was quiet. Quo
tations: New York, full cream, fancy, hold,
!2S,!Rftc" do,, do., fair to good, held,
mlfiUKUc.i do., part skims, lKSlflc.
, HUTTElt. There was little wholesale trad
ing as usual on .Saturday, but offerings of
fancy goods wero light nnd values wero firmly
maintained. Quotations: Western, fresh,
solld-pncked crenmery. fancy specials, 30c:
extra. 37c; extra llrsts, 3,130c: firsts. 330
34c; ; seconds, 2!)032c; thirds. 27028c;
ladles, 22W2lc: nearby prints, fancy. 40c;
averngo pxtrn, 3S03e.j llrsts. 34030c; sec
onds. 30032c: special fancy brands of prints
Jobbing nt 4304(fc
i'.i.ub. unerings were ample Tor tho limited
requirements of tho trade and prices were
without Important otinngo. Quotations: In
free cases, nearby extra. 27c per dozen: nearby
llrsts, $7.20 per standard case: nearby cur
rent receipts, $7.0.1 per case; Western, extra
llrsts, $7.2(1 per ense., do., firsts. IT.05 per
case; (Southern, per case. $0.3007.03, as to
quality; fancy selected eggs wero Jobbing at
2U031c per dozen.
POULTRY
LIVE. Offerings of desirable stock were
light and tho market ruled firm, but trade wns
nulet. Quotations: Fowls, choice, IT He
18j.se: roosters. U'frlllc.; spring chickens,
soft-meated. 10(!i2(io.; do., staggy. 14(3'1dc.;
turkeys. 2022c: ducks, as to size and qual
Ity. 18ff20o.: geese, lTWIOc.; pigeons, old.
per pair. 2830c; do., young, per pair, 20
(3' 22c.
DRESSED. -Tho market 'niled steady under
uuurittitj U111M1111.-H. out mere was comparative-
basket No. I Rosr? onTOo No,e?w'.rM
ivs!iw?'w''as-.:w:.ij&uw"'
panlsh. nrr-'ton, W2lrf ,XV'SiiSl.l
dumper, s..ir.(rei.4n .in u..;tv "'
wr
lo4!5olTpVnach?1N?rfol'rlp Kf TO
g; kale. Norfolk, per bbl.. 0.1TBc , UfJ
K.1a,"..''1?-'i0,'
ni.mios.:
HP
$2
room
Peppers, Florida,
beans. FtXflTi
.vnn, i-ionai. im.v
r nmax
NEW YORK COFFEE MARKET i
NEW YORK, March 4.-Th9 Z$
S!i.ktiWa" Iess nctlvo t,,ls Mrato?S
first prices wcro five points lower uiS
scattered liquidation. Sales on the ctf'
were 2000 bags. At the close lossSVS
much ns 15 points were recorded. TradiS
continued ouiet. iraairi)
YcsterdirTi
Today's
,, . opening.
Jfnrch
April ....
Jlay ....
June ....
July
August ..
.September
October , .
November.
December.
January .
Rid. torfered.
Total sales. 0750 bags.
Today's
close.
. T.nn
.T.05
. 8.0108.07
.8,02
. 8.12
'tsvio
8.2108.2,1
7. 85 7.87
LO407.O3
8lO208.O3
8!i308.14
LIVE STOCK QUOTATIONS
nA?IrJCA.aa lr,rch 4. Iioas. Receipts, ItS'l
000 head: mnrket in,. t.(h.n rlzZ? iT.'M
CIOU 11
7.n:st)i!
g.04rS
8.osos.iii
i-isaiu
B.laata;
8.2J6J3
,2nl:t'
lil
market. 10c. higher. Mixed Si'.i
uutcners, J8.850D.2O; good heavy. $8.00OTil
4 1?'. BV-Ci0' -VI UUIK, 40,UUIU'II.1U. 1
CATTLE. Receipts. 200 head; mirtS
7S, Sfo 1V.,V'' ,'.w.u"i cows ana neirmd
$3.T308.4O: stockers and feerlem. ir. Ar.AT1t..l
Texans, IO.OO08.OO; calves, $0011.25. l
BIIEEI'. Receipts, 2000 htadr ntrMtl
lambsV $8.8(5011.50. ',wvrar'l
,- JSI
NEW YORKl BUTTER AND EGG3
NEW YORK. JIarch 4 BUTTER. iltrltS
demand still exceeds the supply and mxrkitf
llrm. Receipts. TT40 packages. Extra eras-l
PFV. flltLf. ttt'lTl. . hlph.P unnrlnn- ITllftlS,,.
citato dairy. 30c: Imitation creamerr. li
W2H4C M-
l.-nilQ Vnplia, nrlM. atlll Aw. .m.m' ;
lnrronslnir snnnlv: thn rlnu, Mtni unwttUik
nnd weak. Receipts. 1-1.001 cases, Extrtf
ursis. :jic; ursts. .'.'(g.Mc; wnite. rjciw,;,
browns, 25020c; mixed colors, 2321b .1
ly little trading. Quotations: Fresh-killed, dry
Il.lCked -1-OWlS. 12 to liny. drv.n.-tebe.1 lannv
selected, 10 He: weighting 4M&5 lbs, apiece.
10c; weighing 4 lbs. nplece, 10c; weighing 3ti
lbs, nnlei-e, 18c: weighing 3 lbs. apiece. lli5
17c 1 .fowls, in bbls, dry-picked, fancy, weigh
ing 4!i(.1 lbs. apiece. ISHc.i weighing 4 lbs.
nplece. lBHc.i smaller sizes, 1518e.! old
roosters, dry-picked. .1.1c; chickens Jersey,
fancy broilers. 2 1 (a 20c. 1 other nearby fancy
broilers. 22(tf24c: Western broilers, weighing
1.1.412 lbs. uplece, ?2($24c.i Northern Illinois
chickens, fancy yellow, weighing 4 lbs, nnd
njer In boxes, 21022c; exceptional lots higher.
Northern Illinois, fancy, weighing 2U03H
bs.. In boxes. 18010c; Northern Illinois,
Jsncy, welshing 3.4 03H lbs.. In bbls.. 17
18c; other Western, wolghlng 4 lbs. and over,
!."i-.Tf'-.u18,100.-' 0,her Western, weighing
2).iWJH lbs., In boxes, j017c; other West
prn, weighing 2V4314 lbs.. In bbls., 1.1010c;
Inferior, 14c; Canons, per lb. Weighing 8
1(1 lbs apiece. 37038c" smaller Vlzes?S230
ifc i irke' ,'ancJf ,oun J?ona and toms,
30c; do., fair to choice, 33028c: old toms
35c. ; spring ducks, nearby. 18020c; do.. Wesw
. ncy' "Vf&A0" do., fair to good. 12
15c; geese IBOsOc.t squabs, per dozen
White, weighing 11 to 12 lbs per Sum 11m
Oil: white wolihlni 11 .V.7jl,10Aei,,J'?-83
Js,iI3,TrwbuS',.wel"ll'n 7 lbs. rVr dozen
$3.2303.75; white, wolghlng 08W lbs. Mr
TlriiO3' drk' -'B03l .rn?!! and No.
' FRESH FRUITS
The general market was quiet and without
Important change. Quotations: Apples m?
hbl. Jonathan hnnv oxnui tiT'vlm y.r
. -. "- "j. ' Uiaiiuid.iii: nn . mis
HOME STATE
INVESTMENTS
No. 3
We Offer and Recommend for
Conservative Investment
Mortgage Bonds of a large
Interurban Railway, Electric
Light and Power System,
one rati no in a busv manufac
turing district near Philadel-;
phia.
The investment yields about ,-;
5.42
Tax Free In Pennsylvania t
Detailed circular on applicatim'
EbWARB . SMITH) &CQ i
' 3 ANKERS
ESTiSLIBUID 1802
Jf embers New York and PhUadtJpMa ;
Stock Exchanges r
Bnoin AND CHESTNUT ST8., PlHtlM.
30 I'INB STKCET NW TOII'
Pies, In bulk. per. 100 lbs. , 50o.$l,B0; do.
Western. Der hnr. St nfll. r,----t',.i.iJ'
per crate. .$203. Tangerines, Florida, per
strap. $2.5 ' 4. Orapefrult. Florida' Sir
crate. $1.5003. lemons, per box. iafiu
Pineapples, per crate. I'orlo ltlco. $3.&03?50:
do., do.. Florida. $2.BO03.5O. Cranberries
?.?Vl?..peTbb, 0i do. do., per cTrate;
$2.503: do.. Jersey, per bbl.. $708; do., do!
per crate. $302.60. Strawberries,' Florida
??rt,a.,:'lKe.e,'-!o?,'at0r' 20-8e-i . 0.. operi
18030c
VEGETABLES
, The supply and demand wero both moderate,
rrlcei were, steadily held on choice stock of
most deacrlptlons. Quotations; White pota'
uusn, rennsyivanla. 11.151 (i,
toes, per busb, Fennsylvanla,
LEQAL .AHVEUT1SKMENTS
ii"TlV'i ", I'KKKUJf GIVEN TIlW
Ww tho undersigned has been appointed
auditor to audit, settle and adjust, the account
nf the Commonwealth Title Insurance and
Trust Company, committee of the estate of
CHAIII.B3BI.US. a, lunatic, which account
has been filed In the Court of Common Pleas
No. 3. of Philadelphia County. a of December
term. 17. No. IIM. 1ST that 4 meellATfoJ
the purposes I til appointment will be held
by the said auditor on tha 8th day f March.
1010, at S o'clock p. m.. at bis offlce" 0 Uin.
coin llulldlng. Philadelphia, when itfd where
all parties who have claims, or desire otlier.
wise to ! heard, may appear or be debarred
forever for coming In 6on aatd fund. T""
I. EMANUEL, tUUDBH. Auditor.
1H Lincoln Sidy,
THE COPPERS,
Some (fi the Copper shares are
selling on aN basis of a 17ct
metal market, which is a situation
that cannot long continue. J
We will have ready for distribo
tlon'in a few days, booklet No. t
describing ;
SEVENTY COPPERS;
their past, present and future. 1
should be in the hands of ever,
investor,
Copies may be had for the asfctW
Oscar Alexander & G
41 BROAD ST NEW Y0H
Lehigh Valley Coal
5s
JANUARY 1933
Particulars on application
A. & Leach & Col
115 SOUTH lOUUTU STIIEBT
Yi.lt tit...... r ..-..a 1ST
New York Chicago Itotloa IJ
f5
DIUKCrORy OF ACCOUNTANTS
irjj.J-1 Ji.::: ':"' :."?
treuEsife j-ayuv ftcfga
i.Wtt5SIt: K.
1115 kAti mtA'f
TBVwtwfrtip
1KQ.
Chiles J, Bender & Co
INVESTMENT BONPS
Mtmbers PbUadelpbta Btock !""
421 CHESTNUT STRE
-tr
M: