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EST'tJL
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r
FINANCIAL NEWS
' . i '
jaVEinyQ LEDftER-PHILADEEPHI WEDNTSflDAY, MAnrn
Sales in Philadelphia j
S 1010.
STOCK MARKET BECAME STRONG
AFTER VARIATIONS IN PRICES
SuppJy Scant Butte and Superior Sold Above Par for
, Fir gt Time in Its History German Situation
p Held Most Attention
High Points in Today's Financial News
New low record established for German marks. Green Cananca.
Copper dividend Jo be increased from $1 annual rate to $0 per share.
Western Pennsylvania manufacturers advanced prices of scrcivs 10 per
cent Sale of I'cre Marquette Railroad under foreclosure deferred until
May 5, Orders for 55,000 tons of steel rails placed.
New York Bond Sales
NI3W YORK, Mnrrli S
Aftor constant variation In price movements and speculative uncertainty
early In the day, the mnilcet developed pronounced strength In the Into trad
ing1, and advances In many Issues at the close were accompanied by such noisy
demonstrations that wild yells could be licatd u block away from the BcIiiiiirc.
On this movement, as well as on the various advances nnd declines enrltur
In tho. day, tho tape simply rccoided the results of the operations of tho traders
on tho floor nnd of the pool nctlvltlcs In numerous Industrials. Hack of nil
tlicso efforts and this manipulation, however, there was the Rood foundation of
a scant supply of actual stock, nnd whenever the speculative element on the
floor shifted Its position to the tot.R side there was an Immediate t espouse In
higher prices.
One of tho features of the late trading was the upward movement In Hutte
nnd Superior to above par for the first time In Its history. Aineiicnn Zinc
naturally followed this movement with nn advance of tlnce points. These vvcic
tho most prominent f entities.
From a period before the opening until late in the afternoon the Street
devoted most of Its attention to consideration of the Orrman situation. Some
uneasiness was caused around midday by the rttiutiKCtnont for the Heinstotff
Ianslnpr conference nnd Inter by tho announcement that Germany would not
alter Its submarine policy. Toward the end of the day the position was assumed
that tho. worst had either been anticipated or discounted, and tho cnnccntintcd
fcuylnff of specialties In the last bout made the Street forget thnt nil, menace
Is carried either by tho German policy or the attitude of the Administration.
To Increase Greene Cananca Copper Co. Dividend
At tho Apt 11 meeting of tho directors of the Greene Cnnnnea Copper Com
pany the dividend on tho stock will be Increased from the present annual tato
of ?4 per share to probably $G per share. Tills has been lrtmill decided upon
by tho officials of the company because of tin- record output and the high prices
being received for coppe: metal. It Is learned that the earnings of the com
pany In February were equal to neatly 2 per cent, on the outstanding capital
of $50,000,000.
121000 .Albnnjr Sua 8H.. I1
anon Alaska UoM cv t) .lni't
Slum rtj r f pd loo
. I0OO Amcr Art deb 3n, 118".
M.vnhi Anulo rr Ii IMS
JOiio Amtr Smut Sec (in ill'i
avion Anifr Tel clt ). tu
noun Amor Tel cvt 14 liin't
."(mo Armour (.0 I'in Ill'i
ir.uil Atrhlson Ken In IH4
L'Odll Atrhloon nilj 4s X7'i
at'iiti Alrhlson ." . lot 4
Inoim Atlrn l'o I,ln J 4s IH Hi
1'iitio Unit k Ohio 1H I35
.muni unit il onio -is mi S
Btioiio Unit . Oh cv lis li;
Iiiiiii lloth steol 1st ."s till
3ooo lip itnp Tr As 101S 101
soon Ihnli Term tu
aooti llrmiln- . "th Av rv IW'fc
I'niiii foil da m ,-,, tT
louo lotit lnthrr 1st .Is im'i
1 IMW Out Vat 1st Is wi
IIMHI Chill Copper 7s . 18i
-'"Ml I'hrs A Ohio rv 4h T'
.800(1 Chi lit West 4s 7J
111(1(0 Chi A Nun 3'is 81 j
tr.ono Chi & w Iml 4s Ml
a Hiiiil Chi II ( Joint 4s ni
LMiiiii Chl It u Brn 4s inu
24IIIIH IhllU U III ,H,s N.-ii
Ul'OOil I'll! M ft Ht I' Ren 4s (J V
.111(10 ,0 rp Rs . ..1(1 1 '
lllllllll ,o u I il, ..nn
t.uwi On Ron (in .10 IN
10(1(1 Chinese rits us . "1
4000 cent vi Is . .. mi
noon Uel & Jiutl com .Is Hill's,
1110(1 On rfd Is . ... .lU'i
,oi((( I)l sur Corps Sn. ".'
1 HUH l!M iron J. --.
toon do innv Is'.er
.,(mhi (om , Kcr ii
IIMM rirlo fn col 4s .
(ion ilriinl Cons (,s..
loon do sta (is ....
HMMI tmwt Cent Is
WHO III Cent Is 111-..'
..ooo Ins Cop p Hi linn
I oim ii rv (is
soon Intcrli Vlrt !'..
lllioo liner II T rer r.s
i.mini inter Mor VI rt l's
loilil Jnpnn nin (1 S V,n 70'-
-'0(111 do ne 4'i Sli
1000 K C I'lrtAM li, Ho?
10(111 Kin I lt So Is , li jy
iiiiiii is inns fn HI Is,
l,8w. Close.
87 i S7'
118 1
in u
niii!i
04,
II I s
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1(11 4
KM.
HtH
01
Hit's
Ml
lilt
1
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l44
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II I .
1(4 N
S7'4
101 '4
Hlfs
Ill's
til '4
Mil' j
till
lmi'
HJ
Hll's
CURB WAS HEAVY j
DECLINES SMALL
im?
11171. l07js
1014 lolj
l'.'li'.
S7'i
till!
ILMlJ
N7'j
81 'l
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8-.s
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mi
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Kill's
v tin
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107'i
107.'.
Rll's
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111
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no u,
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nil.
IIO's
in'4
Steel Kail Orders Placed
An order for about 45,000 tons of steel lolls has been placed by the Louis
ville and Nashville Railroad with the Tennrssee Co.il and Iron Company. The
Chicago Great "Western has placed an order with tho Illinois Steel Company for
10,000 ton3 of rails. Other small loads have placed oonttnrts for quite a sub
stantial total of rail for delivery during the last quarter of this jear and
the first quarter of next year with several steel companies.
Prices of Screws Advanced 10 Per Cent.
PITTSBURGH, March S. Lending manufacturers In Western I'ennsjlvnnla
have raised their pi ices for screws 10 per cent. It la understood that quotations
for nuts, bolts nnd rivets will be marked up $2 a ton next week.
NEW YORK STOCK SALES
Last close lllsh Low Close.
Alaska Hold M . Sh 0S S 0
Alaska Gold Mines ... 18 21'i 17'i 21'5
Allls-Chalrnen Mfe . . .TO :i()'i an'i .it)
Allls-Chalmers Mfc pf. 78 78 77' i 77 j
Am Ae Chemical 07' C7'4 67'i 07s i
Am Beet Stisar. 07Ti rtSU 07U fhlj
Am Braku SAP . lOl'l 100!i lOO'i 10(IU
Am Can... . fi9'4 5T( .r8' COT.
Am Can pf. Ill 111K lll'i Ill's
Am Car & l'dy . . 07h G7H 07 07'i
Am Cotton Oil 511 5'JH 52 o-"?
Am IIUo &. Leather . Wi OH 0 OH
Am Ice Serarltles. . . 29h 20 29 29
Am Linseed. . .. 20H 21'f 'JO' 21
, Am Unseetl pf . .. 39H W, :tS' ah'j
Am Locomotive ... 70 70' 01) 70)i
Am Locomotive pf ..102 101s H)I4 Nil1!
Am Malt Corpn pf . .'15'. .TT.'s .T'i ."ri
Am Smelt S. Ret . 100 !HTi TS'v 9)'
Am Steel Foundries... COij 50 484 40'4
Am Sugar Ret 110s III 107'i I00'
Am Tel 4: Tel . . ..127'i 127 12734 1273i
Am Tobacco 200 190 1974 197Ja
Am Woolen 52i SIP-J 52' 1 5'i
Am Woolen pf .... 91 99'4 IISJ, OSTi
Am Wrltlnc P pf .... UH ll's 11 11
Am Zinc L Ic Sm . .. hl' Mii SOU Sl'i
Anaconda Cop M . .. 80'. E0' W', Wi
Associated Oil . OS G7 07s. Tu's
Atch Top 4 S F . 103 102s 102' 102?-.
Atch Top & 3 F pf .101b 101'S 101 101b
Bald Loco Works 105 105b HM'f 101b
Bait 4 Ohio. . 87b 87'f 87 87U
Bait 4 Ohio pf. . 70 70S 70 70
Batopilas Mining 2b 2b 2 2
Bethlehem Steel 47Gb 477 477 477
Brooklyn Rap Tr .. . 86b 87 S03 f7
Bush Terminal .... 114b 111 114 111
Butte & Superior .. .. 07' 101 07U 102b
Cal Petroleum.. . . 21b 2.W 21 22'
Cal Petroleum pf . 49b 52b 483. 51b
Canadian Pacific 100b 100b lOo? lO-Vf
Central Leather 53'i 5.1 52b 52',
Chej&Oblo,, . 01b 01b CO1! 01
Chandler Motor ... 02b 02 02 02
Chile Copper,,. . . 22b 22b 22b 22b
Chlno Copper 57b 57b .'Ob 57b
CfckMBO Qt West pf. . :t5!i 35b' 34b .Tib
Chl Mil A St r . 03b tWtf 92.U 02b'
Chl Mil & St P pf . 129b 129b 129b 129b
Chl 1 Korthestcrn 127 120 120 120
Chl A Northmen pf 175 174 174 174
Chl It I 4 Iac . 17 10b 15b 10b
Col Fuel 4 Iron . 42 42 41 41b
Col 4 Southern . . 20 20 20 21
Continental Can. . S3b 8235 82b 82b
Consolidated CJas -13J" 13.134 133 WJJi
Corn Products Ref 2J' 2.5b 22b 2.1
Com Products Kef pf 08 OS 08 08
Crudbla Steel . . 81b Sl'i 78b WJ'i
uwlble bteei pf , . .115 115 113)4 113b
Cuban-Am Susar 2C0 20J 2tX)3a 201
Denver & Rio Or pf. 8l4 15 15 15
Detroit IMison. ..132 131 131 131
Detroit United Rys. . 8ib 873-5 87j 873a
Distill Sec Corpn ... 47 47Ji 40b 47
Dome Mines , 24b 25 243i 25
Electric Storage Bat,. 03b 03b 03a 0333
Erie 30b 30b 30)4' 30b
Erie Ht pf 523a 52Ji 62 52
Gea Chemical 295 300 290 300
Gen Chemical pf 115 110 115 110
General Electric 169 169 169 169
General Motors 470 405 460 405
General Motors pf....H3 112M 1123a 1123a
aoodrich B F 70b 71b 70)t 71b
Granby Consol 023f U13i 91 91)j
Greene-Cinanea 40b 50 49 49b
Great Northern pf. .12034 121 1203i 121
Gt Nor cfsforora pf.. 42 12b 42 423f
Guggenheim Eipln ... 21 21)i 21 21
Helmo G W Co pf...,1123 110 119 110
llllnoli Central 102 102 192 102
lot Agricultural pf.,,, 01 01 U)b Ul!j
IntllarvNJ Ill 110 1093i 109H
Jnt Con Cor v t c sh. , 17b 17 10b 10b
lnt Con Corpn pf.. ., 73b 74 72b 74
long Con Cop. ...... 463i 46J 45h 4Ub
lnt M M eof dp .... 1031 16b 10 16b
.at H M pf C of dp , 054' 08)i 05b C8b
Jnt NU-krt v t rfs. -. . 45b 463a i"i 403j
lnt Nickel pf y t cfs. Ulb 110b 110b U03i
Kaa City Southern 233J 25f 25 25b
KfBnecott Copper . . 57)i 67b 663i 57
Kings Cjo E L 4 I?. 128b 128', 128b 12hb
LackbfetlCo 75b 763i 75b 75b
LettM, Valley .... 77b 78H 77b 77b
UiruUrd P Co . . 1043i 198 103 100
Macfcay Cos pf. . . 67 6S 63 08
MaiweU Motors 60b 603f 5SJi 60
Maiwtll Motors 1st pf 84 84' 84 81!f
Muwell Motors 2d pf 45b 45 45 45
Mestcaa Petroleum 102H 102 093 102
Men JJctroleom pf . .lOOii 101 101 101
Mq Kan & Texas . . 4 41j 3J 3
Mo Kaa 4 leias pf )2 12 lib lib
MUn 4 SI Louis .. 5 5 Hi 4b
Mtuat Copper 30 30b 35b 36b
Missouri Pacific . 43. 5 4b 4b
Montana.M'wer 74b 77 74M 77
iasb O & St L . 130 133 135b 135b
Sat Cloalf Suit . 74 7J Ti 73
JJ nam &. Co 23 25 25 25
W$lftjdCQ l)7 68 fi7b 67H
tlICopf U U3341 11331 U3b
KmI Ow Cop . 104 10, 16b 10b
Hnr 1k Air B 142 HI 141 Hi
M XB U 67H C0 603, 66
K.C4HB 104b 104 101 104i
SYCUiStl. JJ4 37M 374 37H
X O, Wett 28 33 as JSH
S.uiWk Wetua HaM 115 11W 11W
list el )se
Norfoll. 5. Wet pt
North Vtncrlcan
Northern Pacific
Ont silver Mln
Paciric Mall
Pacific Tel 4 Tel
Jnn Railroad
Peoples Gas Chl
Pitts Coal Co N J
Pitts Coal N J pr
Pressed S Car Co
ruh S Corpn N J
Pullman Co
Quicksilver . .
Quicksilver pf
Hy Steel 8p Co
R Steel Sp Co pf
Rav Con Copper
Reading
Reading 1st pr
Reading 2d pf
Republic Iron 4 S
Rock Island
St Lnuls 4 8 F 1st pf.
M Louis 4 S F 2d pr.
Seaboard Air Line pf
fehat Ariz Cop
fcloss-Shef S 4 I
frouth Porto It su'
South P R Sug pf
Southern Paelile
Southern R
StudebaLcr Co
Tenn Copper .
lexas Co
Texas Pacific
Tobacco Prod pf
Tuln Clt) R T
Union Hag 4 Paper.,
Union Hag 4 P pf
United Cigar Stores..
Union Pacific
L' 8 Ind Alcohol
V 8 C I P 4 F
United Rjs Inv (0
Un Rjs Inv Co pf . . .
United Fruit . . .
1) b Rubber .
U S Rubber 1st pf.
U S Steel Corpn .
U S Steel Corpn pf
U S Express
Utah Copper
Va-Caro C'heni
Va-C'aro Cbfm pf .
Va Iron Coal 4 C
Wabash
Wabash pf A .. ,
Wabash pf 11 .
West K 4 M
Western M no land
Western Star) land pf
West Lnloa 'lei.
Will j a Overland
Wllljs 0 pfs r f p .
Wooluortb F W
S4b
O'l
1 12b
7b
26' j
31
5(lb
.10!
211b
102
52b
110b
.102
r,
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38b
9".
21','
. 82b
45
41b
51b
b
63.
4b
30
37)i
55
181
111
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85
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112b
20b
5134
57
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29,
85
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24b
51b
50b
101
20b
102b 100
o
118
102
lb
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381,
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21b
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40
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H
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5534
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111b
07b
20
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82b
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lb
30
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17
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N111111 Nat r:inim t stu r.s 117
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SECUKITIES AT AUCTION
HOlll (It
Tin. fiillnulni; sei initios WITO
tlon tmU l llirnes n Loiliinil
iri.iii.,H nan- or uiiriinuiiii vnurtintnt
IIUUHU
.IJIH) 0011
11
20
137b'
55b
202Ji 20334 109
7b Ob' fib
10S 10S
05 95b
7b 7b'
20b 30
9b 9b
132b 132
151b' 151
1733 18
lib 14
27b 28b
14.1b 115
5'Jb 503i
10734 107b
83
111b 111b
UOb 97
1073
Oi
73.
29b
9b
131
20
140
503,
201b
Ob
UN
95b
7b
30
03.
132
14834 15U3J
S21
110)4
45
85b
14
10934
51
13b
43
26
6334'
26b
41b
89b
230
18
13b
28
142
lib
107).
8.
18
14
28b
1443,
4U.
107b
83
110b 116b 11113.
45
85b
4Jb
983.
13b
4334
263i
04
27b
41b
8J
22834 228
104b 105 1013k
12034 12034 120
45
Mb
13
08b
52
13b
42b
25b
6Jb
23b
lib
8!)
15
84b
13
9S'
52
13b
43b'
26b
64
273.'
11b
89
228Jj
105
120
M1'l ' B5J.0OO ntiarei. rompared with
?.Si7uunha.rr'' J'ct'rilaTI thus fur Hits erk,
i,,.sA?S2 "'"'"'" " lrloU lu.t HetU,
2.1(10.4(111 khltrM. '
,100,400 ihurpH.
NEW LOW FOR MARKS
NRW YOIIK. March 8 The feature of
the foreign exchdnge market at the open
Ins was a new low record for relchsmarks
at 72 I3.16S72 15-16 The last previous
low record was In January. 72T. The
course of the market for German exchange
caused expectations of a still lower rec
ord with the progress of the day. All
sorts of explanations are attempted for the
decline In relchsmarks, but the true In
wardness of the movement Is withheld by
the Interests concerned
The general market vvas dull and with
out special feature, Quotations follow:
Demand, sterling. 4.76b t cablea, 4 76,
franc, cables, 6 89 j cables, 6.90H; lire,
cables. 6 70U; checks, 6.70b i Swiss, ca
bles. 5,23 j checks, 5.24; Vienna, JJ.804P
12.83; Stockholm, 38.25028 33; pesetas,
19.03019.06; guilders, i:",i 42 7-16
rubles, 31H3lb.
In tho late afternoon the market con
tinued heavy. Vienna was quoted at
12.73 and relchsmarks at the low record
ot 7272V Ilubles were offered at
31$. Sterling cables were a shade lower
at 4.76i4.76 11-16. Demand vvas
steady at 4.76 1-1604.76H. French ex
change was quoted at 5.894 for cablea
and 5 90 V4 for checks.
RATES FOR MONEY
Call Tl,.
:::::: 883tt m
N.w Torlc
I'hIUdelDhU
lloilon 3 4
Chicago . ... 3HV4 4 ai
Commercial paper, toree to tx month.. Poll
adelphla, 34 04 per ct
45
BANK CLEARINGS
Ranlc clttarlnf. tod.r comnared wrllh m.u.
t .poadlns: day ia.t twu yearn
K " (Ulri IUIS .n..
W 133 401 311 124 S23 071 127 030 097
Jfew Ytrk 442.710 044 34T.4S0.S44 338.738.073
Biiton . . 01JITJJJ2 J4.SW.643 M.4j4j3
lUUliUare, . J 43 WS 4 ffis.wfi a 8S.StT
10U.V M 910.W 30 109 286 S.9i.lU
STOCKS
(1 stirs of tho npltiil stud of the
lliotiui kotit Vlanurnctilrlirr Co
(Clirioii Ili-lKhtH l'i) $1
4 Hhr lllrnnl Irilat (.'11 , iur $11111 IU3
.'. Blirt vtlnntli ("it nnd On an L'lt
C11 . imr S 1 00 1
IM." Bhrj (enlcniil.it Miirket C11. . par
10(1 shrii llralth-lly-Mall,' Inc. '"par
311(0 . . . .... 1
.1 Bhrn Clriinl N'mlmial 11 ink, pir
Stun ... . 3-.7
(1(1 thru Lfhlnh Cuil und Navlsntlun
Co , par $0 . . . T.'.b
b- Bhrn l'hlliiilelpht 1 (lennuntmwi
anil N'nrrlitoun Uullriuit Co,
par .-(l . . . . HI',
1M shri I'liIlndHplili Clu (I'tiPSt
nul uml Walnut Strnta) I'aH
Henjri.r ltilliu Co tltl
1 Btir Julius IvHr Co . cuinpro-
firreil par $1(1(1 lllC-j
4(10 hr Victoria Cold Minim: Co of
Arlznnn . l,ut 1
3(1 Bhrn American (lay Co I ot 3
" Bhr l'lcrci., lliulr and PL rte
Mnnufncturtiw Corporation, tlrat
preferred ttemporary tertlil
iate) . Lot 7
36 Hhri MarkLt Ht National Haul;
par J loo . 1"0
V Bhr John 11 NtttBon Co . pro.
ferred. par $l(i . 163
18 Bhrs John H Hletnon Co . pre
ferred pir JUKI . .. 160
1'7 Bhrs Thirteenth nnd rtftetntli Mh
I'aHHi'llPer Halla Co . t-'3.-.'i
10 (thru Nitlnnil llinlc of German-
town pur $-.11 . llll
1'. hrn n.lelitj Trust Co par $100 "id
3 Khrs rinaiue Co of l'eni!Blwinln,
Fecnnil preferred par SIHK IKS'
t Bhrs (in innln Triiit and hifo
Ijepiwlt Co pir $100 l.'SU
12 slirs lt.ot llBtate Title Insurani-e
and Trust Co pir $lnu SillUa
27 shrs Hcnl llstate Title Insurance
und Trust Co inr 3100 3l).i'j
1 shr He il I ite Trust Co . pre-
ferred par $1(1(1 S2
187 ntehlH to Ktltmcrlbe to Camden
Fire Association . 3"ic
Ti Bhrs Fire ABHoelitlon of Phila
delphia, par $M1 . .311
25 Bhrs Home l.lfe. Insuranco Co of
America, par $10 . ..... IS
10 hr Victor Talking II ii-hlne Co ,
common, pir l()(i . .. S',n
.',1 Bhrs It K Mulfiird i'o . pur $ .(I 11
31 hrs II K Mulford Co . par ".(( tiTHi
21 Bhrs lie Iamn Hook and U)u (n.,
inr $100 , , '
I Bhrs Ie I.onu Hook nnd Kye (Jo ,
par $1110 . , ''"
100 shr National OH Co (Tumplco,
Mux ) par 51 .. .
13 Bhrs. Mutual Trust . ....... 33
HON OS
$2000 Consolid itlon Coat
Co ,
(1 per
cent . tonverlible rouponH
Februnri aim uuusi uue i-.-o
2000 Chattunooun Hallvvas Co Ti per
cent . Itrnt consolldatoil morl
cace, couponn May and Nov em
tier, due lli.'.il . ,
2000 Waterfall n l.lBhl and Power Co .
5 per cent first moruain, mu
pons Januars and July, duo
l'i'''1 ...-..,
1C00 rennslvaniu .and New Virk
Canal and Itillrond Co 1 "4
per cent . consolidated morl
Base interest April and Oc
tober resliitered due 1 1311
400 Cits of Philadelphia .14 per
cent . Interest Jnuar and
July, registered, due 1031
100 City ot Philadelphia I per cent .
Interest Januao and July, reg
istered, due 11I3K
3000 Sprlnsflld i-onsolljlated ater
Co . 3 per cent tirst mortKaite.
inupons May and November
due 11I1R . .
1000 York Haven Water and Power
' l-o 5 per cent . llrst mortBiBe,
coupon Juna and December.
'00 Otant Portland Cement Co . n per
" cent , Hrst mortuase enijn
April and Oitober due IK-"-'
101
liO'i
10JU
10JS
UO'4
Files Notice of Stock Increase
i;rtll', I'a , March 8 The Northwestern
Klectrlc Service Company of Pennsylvania
has filed notice at llarrlsburs of an iiy
oreaBe of capital stock from J65.000 to
J2, 500.000. This company recently was
formed by a merger of electric companies
In 1Mb and adjoining counties
1UVIDENI1S
KENNECOTT COPPER CORPORATION
130 Broadway. New York, February J, 1018.
IllWUKMJ .NO. 1.
The Doard ot Director, of the Kenneco t Cop.
per Corporation ba. this day declared a divi
dend oi On. Dollar (? 1 DO) per .hare, (or Ih.
quait.r cndlne March 31, 1010, payable March
31. IK 10. to .tockholder. of record at th clot,
of bu.lne.. at 3 p. m., March 10. 191(1. Trans.
(tr book, will clou at 3 p. m , March 10, 1019.
ind reopen March 30. 101(1, at 10 a. m.
UENISECOTT COI'I'EK COItl'OItATION
By C T ULRICH secretary
PAltTNKttSHIPS
D1KEOTOMV Of ACCOONTANTSj
Certlilctl rublle Auouataiut.
LAYtUWUK K BUoVYN i. 3u.
llli MILL. ICaTATJS TUUSX UUIlilNO.
Losses in Most Instances Less
Tlinn a Point Firmness in
Spots on Inside Support
NIJW YOIIK. March 8 tn Hip market
for otitfllde sectirltlcs today trntllnir ai
les nctlve, nnd nlmopt from the outpct
considerable heaviness set In, nlthoiigli
the solllwr prfsiurc could mil lie called
lie-ivy. The decline", however, In moit
InstnnccH were !e) than n liolnt. with
the exception of n few of tho speclaltlei
In "pots, flrnincss vvn1 innltitalned on In
Rldo Btipport.
Aetna tltplclvc cased off '4 on small
orferltiKs Mldvnlo Steel run off ntiout
), ; Tobacco Product", nftct ft tlrni open
ing, daveloped 11 heavy tone on compara
tlvelj Kinall olTerlnKi MotniH wcte ex
it cmely (inlet hut itendj There wns n
llBht Impilrv for Chevrolet nnd fnlversnl
I.jlin Plioiiogrnph which was Introduced
late v rsterd.iy. ioso "i . t'nltcd Piolll
Slutrlnn and Ittltoi & tleRoiiinn weio
ileadv on small transncllon
Oil Khnres were Fomewlinl IrreRtilar,
with hcavlnes" In the low-priced issues
I'oiden rnn oft 1(. while t'osden Oil and
Clns Issues enied off fractionally.
lN-)fitTlttAt.1
Aetna Umiloslifs
Amer-llrltlsli Mf(t . .-,
Allniille (tulf MVISS ...
do pfd
Am Marc out
VJnx ItulilHT Inr I
I'nnnillnn Cir A l"d
do tifd . ....
ciievro ei viotnr Car
I'urtl.s Aeriplalie ....
i'iiIiiii Cntie sugar
IJrlaRs-Hinliur .
ISmiraon
IliiHkrll A llirker Car ...
lull r Mer Marine . . .
do pfd .
Kelli KiirliiKllflil ,. ..
Kiitliodluii Ilrunro pfd ....
Mnliluittmt Iranslt , .. .
Vlnxlm .Munition
Mhltalp Steel
(His r.leuitor
Otto r.lKenjuhr w I
do tfd
Peerless Motor . . . . .
Poole l.'iiulne mid Machine ..
lllker-lleitetmil
Kt loseith Lend
S H Kredne win
rtulimnrlne Itoiit V t i (.tfa..
Sinniliird Motors
TrlnnBlo Film v I ctfs
Tnliiirn Priilucts
lulled Piollt SharliiK . ...
I H l.litht .v. Ilcnt .
.1" prer
White Mnlolt I ...
V'orlil Film
111.1
.
. IK
. 27
. -mw
. afs
(t
. mi
(ii
n
. r. 1
,-,0.
1MM
. ll'a
Ir!-,
. (I-
Up'
J'!
. 11 1
. hi
. .'.4
. H'l
:.:..;'
: ,SS:
. 124
. :-
s
.. af.
:: 'b
.: -.1.
.. 17
,. U.
Asked
llll
'".
3,
lilt.
II"
"S
u4
I
hi
i.'i
aft
v
mi
nn
mi
2S.VJ
1211
r.J.
ir. ii
1:1 Vj
:tis
s'i
4
11
.i.
r.
IsU
li
Oil, St'llHlUIAItlllrt.
SIHAMl.VlllI
l'rnrlc
IIIIiiiiIb
Ohio Oil
Mumlinl Oil i.r Calllniulii. . , .
Mntliuinl Oil nf .New .lerHi,,..
luiKlant Oil of Now VoiK. ...
cminit 011. stock
Itirueit Oil
Cnsl.drtl Oil
( linlmerB o'l
ItntiMun Oil
Vtllwist Uefliili.K
Hapulpa
MIM.NU .STOCKS.
r Iitm 1
Ci rrn 1I9 Piihio .. ..
Hutte v: K v t itfH .. .
Ilutti X S V
first Nation il Copper
(Jol.luilil Merger
Hula MlntiiK
Hiiive Sound
Mm Hull. 1
lumbn Mxtenlon .
MiiKiua Copper
Mi Klnlo-lliirauli .
Mini a of Ann rlea
XIpNltur -Mines Co ....
Sun Tin .
Wist Hint Consolidated
Weft Kml Extension
1IONDS
Hrle rts . ..
11 H o r.s . . .
(Vrro do Pisco (Is
Mldiule as
. INJ
.J 1 1
.'".I
"ill
. .'O'l
L 11
r.in
21J
is
ii'i
1:1
37 Si
1 ta
I't,
r.Cs
si
iij
174
4i
2'i
121
2.1
s
Jll
III
14
in
3H 'a
I
II
II
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3-
S7
111
17.
Ill
114
r. 10 b
11)1 ' Kill,
i'- 1 "
09 SOU
WHEAT SOLD OFF
IN CHICAGO MARKET
News of Day Favored Bears.
Leading Houses Had Liqui
dating Orders
("MllCUiO Alarch 8 Iloldeis of wheat
Bhnued lm.rea.scd dlscura(;einent todnv
nnd tho maiket displayed nddltloiial weaU
Hess Tho number of hears was iiiir
mented liecnusa they were favored liy tho
news which included vveaKnens nt J.lv
criiool, n iilusRlsh demand for oxpott, ac
ouniulatliih' tiliillc nnd politlcnl news
from tho near Hast Tiade was aUlVi) nnd
stop-loss orders were uncovered oh prices
receded. Piactically all the leading houses
had ordeis to sell
Ilepotts of damage to the crop In Il
linois, Oklahoma and Texas had little ef
fect Ariivnls in the .Yorthwest, while
not pjitlcularb heavy, continued liberal
The number of ships arriving at Argentine
ports is Increasing nnd exports from Aus
ttalla for the week ate expected to bo
la 1 per
Advices to the Price Current Indicated
that the snow- over the winter wheat belt
had caused the abatement ot reports of
damage The period of glowing weathei
Is at hand nnd the prospects foi the new
crop will soon he clearly developed. May
ended at $1 10'gigl 11. after having been
as low its $l.(Hi, against $1 :!', at the
end csteiday, and July at $1.08. ft 1 0!),
nfter having been down to 51 03 'i, com
paied with $1.10, yesterday's last price
Leadinc futurea ranged as follow a
YeH'dav'a
v neat upen iiiu
May ... 1.124 1 124
Julv 1.10 1 111
Corn (new tlemery
Love
1 llll
1 US
Cloa.1
Stay
JUIl
Oat.
Mill . . .
Juh ...
Lard
Ma
Jul
Itlbn
Mm
Juli
Pork
Muv 22 30
Jul! 2. 13
Hid TAnked
7I
73 H
41
-111
10 6(1
11 0.!
74',
7.V.
43t
41 la
1 uu ' -1 iim
' 1 OSH
174 '-4
74'.
71 '
74 '4
42 V,
11 '
41
414
11 87
T12 0(1
10 81
11 (17
11 92
12 0.'
22 8.'
'ii -'O
10 71 tlO 8J
10 87 Ml U."
1 luae
1 13'4
1 ID'!
T74',
75 4
4S.
41 tt
HI 80
11 II.'
11 77 til 87 '11 On
11 on tu 117 tl.'nu
22 07 t22 17 22 30
ii CO T.'J 1(7 'Si OK
m U7,i- D D.... r W,
. iihi ciui unci vu.
I
m
I
ivjt
West Penn Power Co.
1st Rlort. 5 Bonds
Due Mar, 1st, 1946
Price on Application
I
1
w,
WA
'"'
vjsjjj'syjsyjss;s.zizT77s.
.. r7M.,jssrrrrrswjjjrrrsjsrtrfsssfrr,rfrrr
High.
S Am On. .. . 1-!J
ft Am lt rref 7
30(1 Hutte ,& Sup lot
10 llnl.lv In te I0i
211 II . Sns I e i'f ''
10 CHI. Petrol 'ii
13 Crulclble St 81
HI Chlno I opper MIJ
10 i am in... . z. (f
3V CnmbrlR Steel MJf
Tin Hlec .iior.
(lell A'Ph pr,
211 Kent Seen
711 t.k Sim t'nrp
ltll Hell Nnv . .
r.n lh Vnl
lull Ih Vnl 'tr
UN do pr
IT MItiiiI Cop
K14 renm uu
Hill I'a Mil
114 l'i rue! .
LS l'nlln...Co
lint Phil Hleo . .
Jin P It T itfn .
,-,ii PhlH Trm .
(l.'il? HpadliiB
t Ton Hil . ...
20 Ton Mln . ..
210 rnlnn Trnc .
'.'Jill I S Ptiet ..
U VV I it Sea .
I West Coat .
Ill U Crump S ,1
llONDfl.
llllll.
r.nnn Am a KV. r.s., 11
Low. C'lo.e
in'
71
r.7H
11
Vin
21 u
ii;
311 S
r.7H
MfK liinjs
'1S'
27U
IS4
711 '4
tit
'i
II .
4 l'i
HiH
.-,'('
(11
121
117
lllll
.1111
. 1
T.
4lk
81
(II
"K
raii
u
7SU
ih
Ik
inn.
us "a
it
Is;.
711 V
M
?-
IIS
Low,
n IJS
121
J"
lnl
it 1
81.
r.nj
41 4
Ht
(11
Vr:
11
7(1
78'1
21 '.
41,
17,
Km a
lis
II
TAv
7I(J4
8ti
i,
ll'
II
J.'"
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dice.
ih:j
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ctlire
-I s
til
4 'n
Nrt
I'llB.
. i' 1 vi .'; .'',"
.-.(inn Hald I. ,lt .-.rt.liilji 1 ;J4 1 , j
,11111 CUV a'H iiiiii 1. ." ,.-: ,:; -
lllllll laiut 111 1 1 1M. I '
i.mm. i,iui ... ,",",,i:.:,
1.-11(111 I. .N ton !!4h.J 1 'i
2111111 I. V Ben I'iB Hit
Hiiinu 1. ir ref r.s nl
2UIKI Mnr Ht HI 4s li,
luiiii'i Pi kui I'lH !"-;'
noon do rons I'd!" Hii'Si
tiiiimi P.t 1 o lt as tut '
i.-.t(i'i P.illn Hl.e l.M.l"4
KKKI do Ci , llll
7111111 tleiul i.en I" .',
lllll.l Itend-lr CI Is II ijt
2111111 Htnn I lu "s J.'"?
2111H111 1 11 Itwv ln ."R .-"
- Iii"reisi Heir-ue
11 1
IU'4
117
III-'
1li-J
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103.
lll"i
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82 tj
101
nt
n'l'i
1- v
I Local Bid and Ashed
llaldn In
llun K Kus
ilu iiref
llrlll .1 U ..
Cam Steel
lllie storitne
Hi 111 nil A.plialt
1I.1 mrr
Kr' Htiinn Telepliol
do t c
.I,, nrnf
l.niin duperlnr t'oni
Lelililh Nnvlaatlon .
t.ehlith Viillej- ..
la-hush Valley Trail
do pref ...
Penna ...
Phlli I'.Iil .
Pnlla Co
do f. imt 1 ent pr
do (1 per 1 ent pr
I'lilln It T 1 1
X. lllllll 1
Ton llel . .. .
Mill lllll .
I'll True . .
I' 11 I
It K Sled
Viirlt llwy
do prif
Win Crump t 1
Yndiiv n
Hid An..ed
1 ill i(i till
to 4
.Mi'ii
.lit
. 81
III
II
Vestelda". (
IIUI Aiaeil
II
till
71114
hone 134
1 .1 '4
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7.V4
&
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is,
84
Hi
1 1
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111".
Ill'i
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Ill'l
.11
71
14
II
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II
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3S
4 I'll
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71
I I
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r, 1
37
sl.
112 "4
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7" h
PIS
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73'i
IN ,S.,
..I .Ml,
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27 27 a
IJ
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ill
II '4
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82 '4
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811
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82 Hi
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1II1S
71
COTTON JIAKIMT WAITS OX
NEWS FROM ASlih(iT0X
LiRht Buying by Spot Interests in
Liverpool
Ni:V YOIl'C. March S Tho cotton
market this inornlnc was dull nnd feature
less With the exception of 11 small supply
from Wall -treet and light bu.ving by
spot Intcrcts and I.tvcipnol. the trans tc
tions ueie without Hlgnltlcaiice The open
ing tone was sto.idv und pilces were 1 to
4 points lovvet, tho largest losses In the
Into months. A waiting nttltudo on the
part of usually Impoitant opciators was
noted, nnd discussions of the outcome of
the political situations In Washington
nod abroad Indicated the nttltudo of tho
ttddeix
Liverpool liuvlng of Muv nnd Octoliei
checked the opening decline, and. when
retent helleis saw that offerings were
belnjr absorbed, prices rallied come 3 or C
points above last night's closing tlgincs on
tovorlng. Reactions to about last night's
closing flguies followed on reports that
the British Government vvas commandeer
ing room on the White Star llntrs for
munitions nnd gialn to the exclusion ot
lotton. but the selling did nut become
active or genei.il. und pi Ices rultd Me.ulv
during tho middle ot the moinlng. with
the trade waiting Toi upoits from tho
Southei 11 spot m irKets
Mu eh
Mm
.lull
October
p.cember
.lanuary
Spot
VfH elo-.e Open
11 17 11 12
11 (.". 11 IIJ
II Sll II 84
11 'l'i II lit
r 12 111 12 11
. 12 21 12 20
11 01
UlBll
11 47
11 (III
It SH
12 III
1.' Ill
12 27
Low
II 12
11 III
II 811
11 . t
12 lis
12 17
Close
11 41
11 l.lt
11 811
i2 IIJ
12 17
12 21
11 111
West Penn Power Co.
First Mor(ggc 5 Bonds
Due March, 1913
Heplncement value of proper!) esti
mated to lie larsely In excess of bond
l.Mie.
et rarnlncs about 24 times bond
Interest.
piiici: to vir.r.n iiovt
5.23
Free of Penna. State Tax
ui.sciiii'Tivi: ciiti'ui.An on
m.uunsT
Harper & Turner
Investment Bankers
8T0PK i:.cn vm.i: iiuii.tiiNO
l'lilladelulila
Lehigh Valley Coal
5s
JANUARY 1933
Pattlculara on application
A. B. Leach & Co.
us south louinii bini:i;T
Bell Phono Lombard 257.
New York Clilcngo Honton laindon
INVEST IN MORTGAGES
AT 5.4
Recommended by
BEN T. WELCH
1328 Cheitnut St.
J.OWB IS IIEBEIIV filVKN THAT TIIK
partnrn'' h,.r,t.0.?,?0 wnductea by Jacob
il llruner and tvilllam F Brun.r tradlnu
aa J. SI. Uruuer t'o.. coal dealerii. at 4515
lllrard uvenue Pblladelphla. baa been tbla
dy dlolvd by mutual consent.
. . W F llltUNER
Tna bmlntM or J. 31. llruner It Co.. 1
b ft 4n 41fil lAll I I FlA rJft1llAA J L.-- w I
neat era 4..4, jv whuuww vx ma
hereafter at thj above adJrfaa, "
Marcn t. 1810 J M HUN Kit
HOME STATE INVESTMENTS
No. 4
OUR, MARCH INVESTMENT CIRCULAR
describes briefly a selection of bonds which we offer for conserva
tive Investment. Many of these are the issue of Pennsylvania
Corporations and the Bonds.
TAX FREE IN THIS STATE
The interest return ranges from S to over 654.
A copy will be furnished on request.
We shall be glad to send our March issue of
REVIEW OF FINANCIAL and TRADE CONDITIONS
to those interested in the economic situation.
BANKERS
Established 1892
Members Now York and Philadelphia Stock Exchanges
Broad anp Chestnut Sts., Philadelphia
30 Pjne Street, New York
BALDWIN'S STARTED NEW YEAR YfTSuJi
ALL DJiii'AJtCTMJJiiNTJ3 J3UUKUJD AHBAJ
Company's Business "Is Splendid' Not Believed Thai
Common Dividends Will Be Resumed in May, How. 1
ever Lodal Market Again Quiet
While the next meeting of tn. t I
of tllrcctorn for .11, i,i.i ...V1 ln boiiril
vv.iy off. the rpciil!,.. M,-.i..;"on '" & UtA
beltiff Mny 25. nd carnlnm i. " (ll
w..UCT .... ,.,, tuiinnoii stoct win i 'SH
Btiineil, Imt there li no iloubt Kb? "3
preferred. On Jtny 27. 1916 ; lh 5?ttt thl
voted to postpone the common alll
the usual rate liavln i,.." . alandJI
semiannually Kr centJ
Xotlilnc of InlcrcRt occurred In ii,. J
K on tlic Plilladelphla Stock tv!vlri
day. iiunlnw wan on t la Banf.Ch.W
a o Hint It lina i,.. .,.'. Bam ernalll
vlotls four or dvc dav u,i-.? :M fK-S
Much has hcen Raid of tho Baldwin Lo
comotive Woiks, the btislncM nnd ptos
peets, since tnc start of tho Kuropcan
ar. hroUKhl about Inrirely by iho fact
that the company, In common with other
concerns, has cntcied Into the munition
tnnklm? business
The bttslnessVof the company nt tho
present time, to put It In tho wotdi of
otio who Is In close touch with tho man
nRement. "Is splendid" In other words
tho new fiscal year which Is now In the
first riu.iiler, has started very well
The company Is booked ahead In nil de
pnitments, u Ijikc nmoiint of tho ordeni
bclniT for now equipment for the rail
roads, the can lent nt tho present time
spending more money as the icsult of the
Rniieral betterment In cnrnliiRS of nil
r0iiR lti the locomotive department, for
Instance, the compativ Is understood to
be booked ahead for four months About
14 000 men me now emploved, these be
ItiB divided between tho plant In this tlty
n till IMil) stone.
,u un uiu i-iiiiaucipii a Stock rw 'J
today. Huslness was on I h. , .-!?.chhl
scale that It has been ,ii,.i- "? m
vlotls four or five das Prices i
weie mostly toward hlBher fci!Mtt1
tlioiiRli tho changes tiew !2 & $
ir.iciionai Baldwin fc n ffaetln "i
than n point, follow na n .I!.'"0? wil
the New York market About ...? hl
..,. ..,.,.,- limn i .j jioints on i.ri;
lots Cnmbila Steel sold up U aW
last, previous sale or h above ii,. 'J1'!
" "'"c" '"le took Tho cornpanJS
LOCAL MINING STOCKS
VO.VOI'AU STOCKS.
I
Urn lluller
MmNiimnra
Vtliln.iy
Mlipali Intension
Miimnnn ,....
Northern Siar
Tntinpih Itrtmolil
'I"r niipnli liMcimlun
Tnnniiiti Jlliilnu
Itrnuo Iliiln
Went tin I
uui.nrini.D stocks
AlUnln
Illllf Hull ..
Month
Itllllilnir ,
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CmtiMiintlnii I motion
DUinuti.lllcId II 11
I)tl
rinromo
ilolilltelil Cnnfiillilnteil
tlnlilllrlil Mercer
.liiinl.n i:xtcii!iloii
Kfwanm
urn
Smut Ken
(silver l'lil
Inlr A i'
tciinlcriv
S'rvuili lllll
Arliinii I u
Vevuilii VV miller
MIHCRU. V.N'KOL'H.
III. I. Askeil.
bd IS
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.1 70
Ni:W YOKK COFFKE .AIAUKET
SVAV YOIIIC. Mnioh S The rotfee
mm hot vvas firmer this moinlni and first
prices were 0 to 12 points higher. Sales
on the call were 70(10 ln(;s
Toiluy'n Onenlnir. Yep C'lne
7.71(17.71
7.7lia7.Kl
-
.Mar. h . .. .
April
Alnv
1 Ilia
.Illl . .V. .
Vimiint
S&pteiiibur . . . .
(li tuber
N'tivimlier
liecemlier . . ..
laiimi r .. ..
lMiriutry
Sales 7HI1U li.iiis.
H UJ(1S.()5
S 3Vt8.!,1
T.W1W7.HS
7 UK" 7.!ll
7.lll(i7.IH
7 t'7(Ii ".'l'i
H.(ll(;iS.(IJ
N lilts S.dll
S (ISMS IH
ldi N 14
S 1II((IR 17
S.ltl(.t.-Jtl
KAILHOAD EARNINGS
i mcAiiti uiikat vi:sti:un
IIUO Increiino
Kuiirth week l'ebruiry JJK7.IM I JlOl.rin
rrum July 1 . KI,li13,NilJ 531,5411
lll'.N'Vnit AND
rouith weflc February
1'ruin luh 1
SALT l.AKB
141,700
1 3(IU I'll
121,(111.1
lOS.OL'D
TH. VS AND I'ACiriC
Fnurtli wil. Tibruarj 14ao,(liiS
Trom Jul 1 . 13 lllll.'JTl
f-OLTltmtN 11AIIAVAY
rourtli weelv rebrunry ll.(140,tiJJ
Mtmtii .. .".,r.7:i.or,
l'rom Jilh 1 !.". .1,17.81.11
l.OI IHV11.I.B AND NASHVII.I.E.
rourth week Feb . $1 .11 7.041 $.11(1301
Vlonth . . 8,S4s,siiii I.Viih.hii
rrnm July 1 . . 3U 1.1,1 1HT 4:111.5.11.1
11S.170
."IS1.SJ7
1440.313
1111.11 IN
:i nut 87u
LIVE STOCK OUOTATlnvn
CHICAGO. Alareh -11008 -B,.
.IS linn Mnrt,l .-. I....I... ..'""TO
bulehers. IS IlliHIli Jr. .,.! u. Ti. 'MJ
rouith heavv. Is imiftfi 10 light, lsssollj'j
plus S7r.(l8S0(l bulk l'l'J.1iai)4(i '"Sj
-'ATTI.I3 Iteeelpls. 11,0011 Jtnrkt n. 4
. ",8,,Jr, i-'XSW ! .I:'5'? ot ,",
111.
nilierp 5.1 i Kill 411 sneiern nnl ",-
I1.7HCPS. lernns III ntiUN mi. i 'SVn
Mill. tlt ll.nlnlu tltli.nl ...li": UtllL
v,.itn ,h,i ii..in... ' -.... u .. .K "Irimil
1 I "..m ...... imi.H,x
NEW YOKK 11UTTEII AND EGGS'
K tW 'ltt I. 1I.. 1. tl tlllwmn,.
Just ii little loo' much line butt.V ."Sklf I
weRkncss ilevelopstl Ileielpta nsJl iiiVilSKI
KTtrn ireninery 37f.. higher morlnr. iiPSSl
js,. : MBtH'iafrj. '''" Imliatlo tnffll
utrenath this inornlnir Hecelpts 21 42S au?l
i:itru nrt. 2.1 He i Arils 2 le . nhltti. lifil
.lie.: liruwns. 2i620t.i mixed 23tr!4ct,I
frliyernlnr tint rmnto.l. ' tj
BAR SILVEK
Hnr fllhr tln wan quoted tn Tjonden i
Commcrclat bnr Ihor In Nw Yotk vu'
-(..., v. u ,.r . v- iit- uiiiiianteti
The
Guaranteed
ortgage
security that is a
.first lien on the prem
ises mortgaged. Its
principal fully insured,
with prompt payment of
interest assured. It is non
speculative and even in
times of depression of un
varying value.
Circulars on llrciutsl
Philadelphia Company for
Guaranteeing Mortgages
William n. Nicholson, President
l.'und lltle HiilldlnK. l'lillndrlpblu
The Zinc Concentrating Company
Capital $3,000,000
Par Value $10 Full Paid and Non-Assessable
The Zinc Concentrating Company has purchased and
owns all the patents, rights and contracts relating to the
"Campbell System of Magnetic Separation of Zinc, Iron
Sulphide Ores." This process has been developed by actual
use commercially until today it is admitted by scientists
and metallurgists to be one of the most important develop
ments in the treatment of zinc, iron-sulphide ores, ranking,
in relation to those ores, with, the oil flotation process.
OFFICERS AND DIRECTORS
L. N. GODFREY, --' - President and Director
Treasurer. L. N. Godfrey Lumber Co., Boston, Muss.
AUGUSTUS T. CLARK - Treasurer and Director
Treasurer. The American Circular Loom Co.,Uo3ton, Mass.
D. L. GOFF, Director
President. X Gate i. Sons Tawtucket. R. I.
President, Iloyal Weaving Co., Pawtucket. R I.
S JAMES B. ETHERINGTON, - - - - Director
President of the Campbell Magnetic Zino Co.
M. B. RYAN Director
Capitalist, Bridgeport, Conn.
Tho affairs of the Company are in the hands of Voting Trustees
which will insure the continuance of the above management.
The Zinc Concentrating Company owns fundamental patents
covering the Etherington-Singer Non-Oxidizing Roaster and the
Camphell Zinc-Iron Separator. These patents control the "Camp
bell System," which is the only one giving satisfactory results to
tho producers of zinc-iron sulphide ores. This process is producing
the highest known recovery of metallic values at the lowest operat
ing costs.
In order to furnish the Company with additional capital required
by increasing business wc have purchased a large block of its stock,
a considerable portion of which has already been placed with our
customers and the friends of the management.
We offer the unsold portion at $3.75 per share (Par Value $ 1 0.)
Applications to list this stock on the New York and Boston
Curb Markets will be made by the Company.
Prospectus and detailed information can be had upon applica
tion to
C. R. BERGMANN & COMPANY
INVESTMENT SECURITIES
66 BROADWAY NEW YORK CITY
Telephones, nctorjj'J
Brown Brothers & Gal
Fouimi and Chx8TMt Street
riilLiADCLIMUA.
Special Payments in Foreign
Countries
Special payments where peculiar requirements attach, sued ,
as signing of releases and receipts before Consuls or Notaries!
as in the case of legacies, can be arranged through v