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EVENING LEDGETl-PTIILADELrniA, THURSDAY, MATCOIT A. I6'
FINANCIAL NEWS
SPECIALTIES RULED STOCK MARKET
THROUGHOUT THE DAY'S TRADING
New High Records Established by American Zinc and
, Butte and Superior Large Buying Orders
! Forced Coppers Into Prominence
High Points in Today's Financial News
German marks hit another new low point. Estimates of unfiled
orders of United States Steel Corporation announced m some quarters
ran from an increase of .100,000 to more than 500,000 tons, borne thought
a gain of 250,000 or slightly less would he shown, brtra dividend of i
per cent, declared by Standard Screw Company on common stock. Chicago
' i i j ii7-.--.. ..jrj nxniiiifiiifa mm American Locomotive
una i reui-
irtBiv'i u uw . ii .vw.i.w - .- -"- ..,:.. , r, I r.
Company. Court order obtained for inspection o) I'tusourgn L-otu w
nnnu'a hooks. American Uas Company report or year ehim v-"'"'-'.
SI, 1015, good. February hard coal shipments larger.
Company increased dividend.
Republic Trust
NHW YOHK, Mutch 9.
The market today was virtually one of tho specialties, with tmolM nml
trtdcra concentrating their efforts In Iksiips In which market tmncmentu weio
easily controlled. Two stocks American Zinc nntl Utitto and Superior inutlo
now high records, tho first named advancing ft points. Many uthcrH In thin
group made pains ranging from 3 to ft points and on tho upturn WVstern houses
Joined In the Inning, hut this element Is as purely professional u the trmllng
clement on tho floor.
Tho movement In Murine preferred seemed to Indlcato establishment or
harmony between the two committees, but the Murine stocks were also helped by
the belief that nddltlons to mercnntllo service and coining larger commercial
movements will attract lncienei) attention to the securities of that company.
Tho copper stocks wero forced Into prominence by some nggrcsBlVfi bull opera
tions, with American Smelting toponilliig to the eccullon of some large buying
orders, and Oreene Cnnanea. on assertions that the dividend payments aro to be
doubled at the April meeting, made a gain of 3 points.
Distillers Securities was bellied by the promise of the resumption of dividend
payments a week from tomoiiow. Ilulto and Superior was helped on Its upward
movement by the statement that a new body of oro had been found, running
18 per cent. zinc.
Tho standard Issues weio In fairly Rood demand, with some Indication of
United States Steel common, which nihiincetl more than one point, resuming
feadershlp of the market. lluylnR of that stock was partly based on estimates
that tho statement of unfilled mileis tomorrow will show u I.iiro Inciense.
Itolchsmarks continued henvy throughout the day. with both checks and
cables on tlcrlln selling at fl'V Demand sterling. Into In the day, advanced to
4.76H In covering of shoits put out early In the week for delivery by tho New
York sailing on Saturday.
Estimates of Steel's Unfilled Tonnage Varied
Estimates of the pi nimble showing by the I'nlted States Steel Cnrpoiatlon
of Its unfilled orders as of I'ebruary 29. to be made public at noon ttimuirnw,
vary to a greater .extent than in some months. Vhil In some quartets an
Increase fiom 300,000 to more than iiOO.OOO tons Is looked for. other usually
well-Informed Intetests maintain that a gain of about HiiO.DOO. or peihaps plight lv
less, will be neater the actual figures. Those making the highest estimates
maintain that the d.illy ordeis weie at the rate of between fiS.bOO and 70,000
tons, while the smaller llguies ale based nn dally oider.s of slightly In e.secss of
60,000 tons. At tho close of .lanuury the tonnage on thn hooks aggregated
47,806,220.
Court Order Obtained for Inspection of Pittsburgh Coal Hooks
TRENTON. X. J.. March 9. Otto .1. Keib. of Urooklvn. has obtained from
the Supreni" Court an older letunmblo S.ituiday In .lei soy City for an inspec
tion of the books of the Pittsburgh Coal Conip.m, c.ipltnlled at Jill.OOO.OOO.
NEW YORK STOCK SALES
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Alaska J Cold M . IIS
Alaska Gold Mln" 21.
Allls-ChalmeR Mfe :t'l
AUU-Chalmrs Mfs tr 77' j
Am At Ci'cmh.'al . Ii7i
Am Beet hue-ir . lis',
Am Can.. . . .7.),'.
Am Can pf II l'i
Am Car 4. Kdy . .. 07i
Am Coal I'roducti l.'iS
im Express .127
Am Hide Leather . !
Am Hide & I. I'f 17
Am Ice Smiritles . . . 1")
Am Linseed l'l
Am Linseed pf .. Ils'j
Am Loromollvtt 7(l'
Am Locomotho pf .lOl'i
Am Malt Corpn . II
Am, Malt Corpn pf . . '.ii
Am Smelt & Itef . ll'.l1.
Am Smelt A Itef pf 111',
Am Smelt pf A U.(
Am Smelt pf It M'j
Am Steel loundrlej. l!)'i
Am Sucar Kef . .WU'i
Am Tel & Tel .127'.
Am Tobacco .... It)7lj
Am Woolen .".'I
Am Woolen pf . . till
Am Zinc L & Sm . . S'i't
Anaconda Cop M . hll1.
AtchTop S. S V. .102'4
Atoll Top &S F pf .Hlllj
Bald Loco Works. . .Uii'i
Bait & Ohio h'h
Bait & Ohio pf . 70.
Bitopllai Mlnlnz . 2
Betnlehem Steel .
Brooklyn Itap Tr
Brum T & It It bee
Butte & Superior
Cat retroleum . .
Cal Tetroleum pf. .
Canadian Pacific...
central Learner . . . oj
Ches & Ohio 01
Chandler Motor . . 02
Chile Copper 22,'
Chlno Copper . oiii
Ctncaeo at West pf .. ,')5l
C hi Mil i St P . U2'i
Chi & Northwestern 12U
Chi It I & I'ar 10'4
Col Fuel &. Iron .. . 414
Col & Southern 20
CompT lire Co 10'j
Continental Can S2i
Continental Can pf UK)
Consolidated lias . IXi'-i
lorn Products itef ... 2 J
tort Products Itef pf. OS
iruclble bteel T, ... bOii
l.rucIblo bteel pf 113),
Cuban-Am Sugar 201
Detroit KdUon" 131
Distill Sec Corpn 17
Erie 3u'
Erie 1st pf o2
Fed Mm Abm., . . 23
Fed Mia 4 Sm pf . .54
Gen Chemical ,. . . .300
Gen Chemical pf. . . 110
General Electric .llJ
General Motors . -1'Jj
Goodrich ar 71U
Goodrich II F pf . . 115h 110
Graoby Coasol Ollj 02
Greeae-Cananea,. .. AWi
Great Northern pf. .. 121
Gt Nor cfs for ore, pf. . 42'i
Guggenheim Etpln ... 21
lumois wemrai. ..... nu
1st Agrkultural . . 20s
lot Agrlcultura) pf,,,. CW
lnt llarv Corpn . . , tlSJ,'
Low. Clwie.
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Nat Kn.un .V S Co
Nat Knaiii A S pf
Nat I j- ill Co
Nev Con Cop . . .
Se orl. Air 1)
N N II A II .
N (' A II It
Norfolk A WV-tiTIi
North AmerKin
Northern I'jiIUY
Old Dominion Co
Ont Slher Mln .
Pacific- Mall . . ..
IVmi K.illro nl
Peopks CidH Chi
1'Iill.ulelplila Co
fist i Inse
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ini JNickel VI Hi ..
Jewel Tea Co Inc .
Jen el Tea Co Inc pf
Kin City Southern .
Kareer J k ( o
Keilj gprmzfd Tiro Co
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31 MU4 31
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170'j 100' 1 170
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..1003 10W 100U 100)f
l'lltvburgh Steel pf
I'resM'iI Cjr Co
Pullman Co
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(julekslher pr . .
It stivl .sp Co
Ity Steel .Sp Co pf .
Hi) (on Copper
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Itepul lie Iron A S .
Itcpublle I & S pf
St I.1111N Asp 1st pf
Seaboard lr Line
Sear Hoe A ( 0
Shat Ariz Cop
Slois-Shef S A I .
South I' It S.ig pf .
Southern I'acltlc . . 07
Southern Itv ... 'Mil.'
! Snillliorn Itv nf ".
Stinl'-baker Co ... 1411
Stuilebaker Co pf 113
Tenn Copper ,-,Glj
Texas Co 203 'i
Texas Pacific t54
Third Aenue . ... filAj
Tobacco Prod pf . 103
Tln City It T . 05!$
Union Hae A Paper... 7',
Union Hag A P pf.. . 30
United Cigar Stores . ),
Union I'acltlc 132
Union Pacific (if . . sli,
t; t lull Akohol 150,
KSil'II'lK . lb
L'SCII'l K pf . 10',
United Fruit . 14)',
United Itjs Inv Co .11
Un Hjs Inv Co pf. . 2si,
U S ltubl'r . 40',
U S Kublier 1st pf. .107'j
U is steel torpn . .. s:i
U S steel Corpn pf ..110',
U S Express. . . .45
Utah Copper . . . S5I,'
Va-Caro Chem pf 100',
Wabash 13J,
Wabajh pf A . 4J'
Wabash pf II . lo.
Wells Fargo Eip . 125
West V. A M . 1)1
Western Maryland. . 27lJ
Western Marjlaud pf 41',
West Union Tel. . SO
Will) a OUTland . .22SJ5 230
wooiHorin 1- w . .12U 121
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Wdm Co E L & V 12b), 120 12b)i 120
Lack bteel Co 7S, 78H 70 77
locteda Gas . 105 1(J JOV 103
LelUglj VUey . 7?, 7i 77, 7WS
Ue Rubber & Tire . 50," 51U 5W, 51
JjootWrWUe Bis ... 15 10) 10 10),
Ixoe-Wlfc bit 1st pf Si, S2), S2)l &h
Loul & tftst, , 121) 122 122 122
ilKkay Cos pf . 03 OS as Hi
Max Pept Stores pf 102b 105 105 105
Muwtdl Motor. ..CO 0D4 00 01
WtUVsU Motors 1st pf &Ui at'.' S4ti 849,
UuU Motors Jd uf 45M 46U 40 40
Wejlcw l'slroum 102 103h 101) 102
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FOREIGN EXCHANGE
NBW YORK, March 9. Although tho
lowest reported quotation for relclmmarka
late on Wednesday was 72 H. a new low
record, It Ik understood that sales actually
took place at 7!,. At the openlntr this
mornlns marks were quoted nominally at
73H07SH- Vienna exchange was aUo
heay at 13 5S6 12 62 Ilubles showed a
slightly firmer tone, at 3131Ti Ster
ling was unchanged from yesterday's final,
at 4 76 for demand and 4.76 for cables.
French exchange was heavy, at fi 00 U for
cables and C.91 for checks Other quota
tions were- Lire cables, 6 70 i ; checks,
6.71 ; Swiss cables, & 21 , checks. 5 21 ,
Stockholm, 38.3028 35; pesetas, 1) U3ft
19.06; guilders, 4'.'U &42 7-16 The mar
ket was dull,
In the afternoon relchsmarks made a
further recession to a new low record, at
73 6-1673H- French exchange was
easier, at 5.91 for cables and 5 91; for
checks. Sterling held steady at a shade
above the opening, oelng- quoted at
4 76 1-16 for demand and cables 1 76?, JJ
4.76 11-16.
RATES FOR MONEV
Mjtw York
PtllUdaTvlUa
IfcMian
Chiijixo
CaU
CVIL
3H84
Timt
1 mm
New York Bond Sales
1
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IHiin Amer Tel ion! Is .loo'i lim's I'" i
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limn Armour To I'k
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12N
112
tl.-i's
(l'l '.
In
11
tiiii
till,
l.lll
IS
72
HI'.
!I1'
lll'ld
H."4
I'S.
112
Kit
illll't
72'.
7H'4
114
711
lJ7(n
t.tjn
ti'l
III',
ill '4
III
1 211
tl'1'4
Iiil'i,
US',
ll.,
fill'
.VI
117
lit
1(H',
?.'l
K3'n
tl.'ln
III.
1 1 1 J
KI'J'll
1 11.1 'n
77
(lti
ll'i
Wl',
IM',
ItilN
ll'V,
I'll
mi
n
llill"n
17 J,
llll,
IMI'
ll'lSJj
71 '4
III-".
!"l
HUH
121
IIJ
11 '4
OUTSIDE MARKET
MUCH IMPROVED
Trading on n Larger Scale.
New High Mark Reached
by Universal Motor
NIJW YOHIC. Mnicli n There was
j slightly more Interest niatilteslcu tn too
market for outsldo securlliei today, wun
iTuliiit? on n larger kciiIc mid a decidedly
stronger tone, especially In tlio more Ini
tio! tout luild . , ,
t'lllia I 'it no Htlgfir detelopcd oonildcr
rtlilo ncllvlly nt nn ndwinci' of nenily two
nolhlR. Tobacco Products tinned Ui li
linlrit nit cominratlrly sninll imrcluiseK
Aetna i:nlnile, after n smnll reaction,
roc otic-liiilf ... . .
Motor Hinrcn rrc In lieltcf demand,
cipechillv rnlprpitl. xililch I'ontliiueil lt
upunrd Voursi' and rem lied n new high
mnrk nt mi Inniloveitictit of S- Cltetni
lot. nfler n ov of ? points, recoxcrcd
Stundard Molnis iiln mlvniiccd a,.
nil shares uere uenciiUly lilpltcr, m
tliomili simie ItregntitrlU developed In
spots on ronllstliiK- ftwilen leacted uftor
nn mlvnnre t , , ... ,
Minim; stocks wcro lilRhcr. with c n
slilcmhle activity In first Nntlonnl. ulilch
mined tip "i "" I'UjIitB fnmi Hoiton.
Ilonds were quiet but steady.
INMiL-HTmALS) ,, , . .
2J. 22
21
nu't
411
Sales in Philadelphia
. . Illch
Sii Am Hum . an
2iii) a ip Kim It Inj',
Inn Am I'nn I'.n1.
Km Hun,, c sun ln.'"i
2ii ll 1 1,1 l.oi in.,
Un iln iiri'f Km'.
'Hi lluir & Sun ,r i'.n
1. Unit & n i."',
1 1", i 'rue Sti-i I Ml
H12 lllec Stor i. 'I'j
1211 I lili Aspll nl 71
71 Inn I'o N A 2.3,
. K,.j TpI Co la's
nun l,ii In s ip c ll
... I. Hi, VB 7h'.
11 I.-ll Vnl Tr 21 '4
.in ito pr I.I
l.'ll NVWMl.l (VllH lll4
:i7. I'vlllia It It .7'i
117 I'll Sti','1 iM ll'a
IIS Tiiii., I'o tj
2 iln pnf IIH'i
111 !. nun pf,l l.-.'a
1 17. I'iill, Hl.'ilri. 27',
1 1. I' It r ir urs Hi'.
l.'ll I'lilli Trni t. 71)
20 Ken I . S prill ai
2i. ui'iuiinir '.
In Ni. I '.mIHi' . H7 "n
.142 Ton 111 ... 4 '
2.111 Ton Mlnlns .. ilJ4
2ii 1 ii Trni'. . . l Mi
lx. r I .. .. im
!l(-,0 f S St.-el Sl'4
ID Wi'Mt l:iru 113 '
J." Wnr lr ft St. in,
112 V .1 . S. .ll 'a
2. Wentmor ro.il us
I.UM
:ii
Kit
l.ll'a
111.",
1 11
lll'l'.
1,11
K7N
XI "j
on
7'i't,
2.' i
I. l'l
in';
71 '
To"'
UK'S,
IP.
till '3
I II -J
27
l'l
711
111",
ilfc,
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IS la
MJi
VI1.
Ml
,1'.
II'J.
(in
NVI
Clone.rln.'i'
nn i 1
1112'. . .
iiil'i.
KI2
111
lll'i'i
l.il
M
4 l.
sa
nil',
7n'4
2.'T
III 'a
ln'i
7s '
Tfi''
in'j
."7 'n
ilia
12
Hit 'a
4t'a
Ti'.i,
2
-I '
1
iu. ..
1I"S. '
H7'4 ... .
ir !
'.in
Mt'
II ,'n
lnl.
r.u 14
us
-I 1
1 I. ISI'
IM'a
111". '4
1 112 '4
llll!
.V'l
1 ll.'
liitt,l Niiles, 1(1,1(1 Kluiren. loimnireil ulth
KHh; nlmri's eslrril.,v t iIhih Tur thin urel..
tl,l.0 nlutren; Mime period lut' viret., .t. 1)1.1
.liurrn.
IIONIiH.
1 iiuii i.ou
JII A in !lB.ti: . Ill' j H33
.imill lliilil I, lnt ,n III',', 111", '1
.nn I'lty Im MS r Ki.'9, lic'a
lliiin 1:11 III Rim .s. Hill 1111;
., lnt ltv Im .,1 r,s
l.nnn lA-h V Ken In O.'l". n:m
20(11) 1. V TojI r.H.lll",". in,',
liloll 1. V Tr lef fis lit ll.l
.-.nun I '.1 ft Mil St lln lllil lint
i.nnn jv&i lnt 1 1 0'i'j miij
,(1.111 l'i, t'n tonn Iih III IH
llll '.
Iiil'i
113
Km!
Ii'l'j
H
llll',
Ll' J
Inl
71 'a
nun do 1st .s llll'i lnl
1 171X1 l'l, ll.l i:i 4m X'11? S.I
mill ilo .', lnl nil
J I I'll lt Inv .'H 71 'a 71'-
, Im ri'UHt' lltgienne
Tnliil koIi'h. sm.tlfll). iiimpjrril tilth 0I.
111111 etrrih: tliun far IliN ,rl.. I.'.'.llini
.:1111c prrlml tit -t Wl'l-U. MII'l.UOO.
HARD COAL SHIPMENTS LARGER;
AMERICAN GAS HAD GOOD YEAR
Surplus Was $950,831-Dividend Increased by Republic,
vl7a
o
r
PUBLIC SERVICE
SECURITIES ""
Trust Company Reading Strong on Reitera
tion of Sdgregawon otonua
Threo Items of Interest to Jhp lowl
nn.1t1cl.1l comuumlly camp out todav TlieJ
wore tho tlBUics on slilliinents of nnllirii
dtp foul In Kcbruniy. tho mutual leporl
of tho Ainerleitn tins 11 ltd Klcctrlo t pin
imnv nml nn Iticrenip of Hip dIMdeiiil 01
tlif Itctmhlli' Tiuit iomian, tihicliu! in"
slock of tint i'oiiii.iny on ,'t K per cent,
niinti.tl liasl". whereas li tier cent hits liccti
iireMouil.t 111I1I Kor Hip tlil.ulcr. ''a
Trinllnp on Hie l'hilndellihla Sloch Kx
ilttiiBo lodny was on n mliclt larKei xcnlc
than nn nny prctioils tlov of the neck
t'llrr-moteinetitR wcio mostly Ummd
hlRhpr lptl. nllliouBli tho Bnlni wcit
ftcnt'inllj nil ronuhfd to finctlons.
ThP bulk "f Hie fiitdlnrt. ns Is ustinllv
the cine, v:tM in L'tiltpil ninics mici'i "
moll, tllllt StDCK rollllWIIlK 1110 nil'"""
Public Service Securities
arc a lien on the success of
communities.
c
,,, iwu-.,.. ,...-. - - -.- . . , : moll, null !-iui;ii luiuifliiin .....-
per tent, was deplarpil. pnjnlile -M'rll j VU Ftonl ,y mtlnlnrt 11 half lieforp in
stork of record Jlnich 2B. . . 1 ,,.. jirnilli,ir nitnln sold lit) to Sli. I
T..,i ut,i,u,i.Miiu nf Miithr.icltc fnnl in
IVhruary wcro ri.filO llOfi ton", nil luerritse
of l.lllt.'.l'.il tons er tho snme nuiiilh of
ln irtr Tlio HllllltllPlllS for llio two
11
Id-
thc
nml the
In New
20
V-tnii Itplonl;j
Ami-r-llrltlah, Mftf,. 1 a u
AllnnllP tlulf fi IV I 8 S .
In tifil
m Miirennl , .
J11n Itiililipr trie ,, I
I'litiinlliiti Cnr a I uV
ilo tifil ...
1 'hnnitler Motoni
ruimii r'nnp p'iriar
riirtlnn Ai'rnntniiP
irljmn-a,'iiliiiry
llnnkflt ft liirker far ...
I rpiiilei' M tr
Intor Mer Mnrlno
iln nfd
Knihnillnii llnnw lirer ...
Mnnhiittnn Transit
MnMm Munition
MI'HiiIp St'i'l
iiih lllevntor
0110 Ulriinhilir
lln prof
t'n rli-Hs Moinr
In.il line ft llneli ,
HI .Ioeill t'nil n)t tll
H krs I
HtiinihiNl Mntnrs .. ...
Hiilitnnrlii" Mont v I elts
Trln tmlp l'llm vi itrs ..
ftittpil l'rollt WharlnB ..
1' H l.lRlit 1111.I Heat
.in pr.l ... .
Willie Motors I
W.irM l'llm
STAND.MI1 (H HL'IISIDtAUIKS,
...'III)
..is'-'
..'.'ll
. . SII
. fill'.
. .. llll
::'JHn
. . IT
..111
, . Ill
. . L'H
.. Hl'i
, . 11.
,. ill
.. l'l
.. nu
, . HI".,
, . I'I
, . .'.I
, . 'j?".
, .11:11
.. tr.'t
,. lisi
, . 1
,. nn
,. a'i
::: S
::: SU
.. in
I'rnrle l'lpo
Illlmils
.,,.,.. .Ml
Kiiimtniil "II iifCnllfornl .... r."l
Hlimliiril fill of New .I.TKey ;;ll
.StumLiril Oil of New orl .0U
fl'i.
nit
UlU
111
I.".',
'JII
IT'j
r.
l!4
lilt '5
111',
r.u
im.
js'i
p.':t
tr.'ii
i'
ii'
.IT
1
i
til.
i
I n't
I '4
jao
is ,
j.in
ii 1 ii
OTIIKIt Oil, STOCKS
lliirnell Oil
Cowl. 11 OH
riiultnerM oil
tlllllHtOII oil
Mlilttem Itillnlnir
Ml. VI NO STOCKS.
Snptllp
Atfnntn
I'errn
Iltiltp (' X . vl 1 Its
Ilulti iinil Nev 11rl.
I'll si Niitlwiril Copiier
ilol.lllDliI Mercer
Ilei'ln Mlnlns
How Xolinil
Mm 'tiuli-r .
.lumli. 1 Ixleimlon
Mnuii n CnptiT
.MiKln.ej DnrniKh
.Milieu of Amerlcn,
NIpIohIui; .Mines I'mitiuiii-
Sim Ti .. ..,, , .
NVHt I In, I 1 oiiMollilated
Went Ihul lSleiisliin
IIONDS
II .
ll'i
IS
III I
. ia.
. in
. as 'j
. 10't
a
r,.
s-
Sll
17'.
II
.117
. r.-in
. tts'4
tas
IS
:im
in "4
lh
r..
ST
III
l-
47
II".
ll)
71
120
Corro lln '
llrlo Ills
Ill It. r.l tn
Mhlvulo Rs
XKW YOHK COFFEE .MARKET
N'UW YOHIC, JIarch 0 Tile coffeo
nun hot opened sleadv this ninrnlni; and 3
to f, points lilh'hcr. S.tles 011 tho call were
lrjlju luiKS.
Munh ....
Atirll
May
Inni.
.lulv . . .
AUKllHt ..
SMntPinber .
OlttllH't
Nopnl,,r
Hi irllllter
luiiu:ir
IVI.riiary ..
Iff il.
01
Toiliiy'H
inni
fi no
B.ODtTH.ll)
Alio
h ir.ws j
8
yp.terila's
, lllHl'
7 Mill S7
7 111 '11 7 II I
7.117 il 7 1)1)
.S null s IIJ
S (I I 'US Oil
S IIS Of H llll
ft lifts 11!
S I-lllS 111
8 nnjn 10
s aim s i'2
S SriHtH L'7
h .!1K ,'lt
lilcli point reached psteruny.
l.inl.n.., (I lioa unlrl tills eal
YolU. houeer, the stock sold up another
I'lill.iilelplita price 11 -.
months of this yenr uoro 1 i.r.su.i.oi. tons. . - of Spslcnlny
ulu ..... .,..
Local Bid and Asked
Toilni'
lllil Aflti'il
Yt steril i h
IlalilHlll Hi". lo'.'j
lion i. .Sua to Ul'3 IJ
In iri-f .Vi III)
Drill .1 (1 .'17
Cnm Met-l SI si'.
nice WtoniKo IKI'J lit
Ccn Amiiialt ai :r
ilo prer "Iltq 71
Ue Tel I.'IW 11
ilii t ! 11115 1 I
ilo I'lvf I'S in
I..1I.1) .Sup Corp .... Hi', 11
l.fl N.1V 7 7li'-4
l.eh V.il 7S Ts'J
I.Hh Vnl Tr si '4 -:.
lo pref 4.1 I'tVj
IV1111.1 nil Tk "'.
I'hll.i Illee 27 27 't
I'hlla Co 12 12'5
tlo f. pr lent pref . Ililti an
ilo 11 per tent pref . la'-. It
I It T lr elfs . . IS'J 111',
ItenillliK bl'j Nl4
Toiioiiah Itulmont . I. P..
Tonopali MiillnK .. ll!a IIs.
L nlon Trarllon ... l'l It
I'nlteil (las linpruv . vit? mi
I' Stwl Wl HI
York lUihvuy ... lii H
iln nref
Vm i rump
lllil
I OS'S
Pi's
VJ'j
.'in
si
1 ..I
.'ll
Til' j
i:i'5
1:1 4
ns;
m
7h
7K
21',
12't
Sij'k
J7
IllV
:m
J.'I'J
i"S
bis
'.
I Hi
I.I
sp',
h2"J
HIV,
.lll'i
7..
Askisl
Hill
11
llll
hl'i
l,.l',
III
71
11
11
ll'i
11
7n',
7S',
27',
II'.
as
11
111
n.i
!,
11 V
l'l',
Ml Ij
hj
III'.
37
M)
J. K. Rice, Jr. & Co. Will Buy
Kill liliTliill! TlirriniM llotlle Mink
Oil (IIJ liirlloic (.im. staik
Hill I u.lirn strel 1st I'M. Slink
"ill I . XV. llll-- Coin, stork
111 I runkllii lli-iirnnir Mock
111 I. re it Northern 1'nner Mm k
inn (,ru Nut'l Tel. If", of Deponll
.",() ix-riimiilii IiixiirJitia Mark
11 lluiiiil . r Insurance Stoik
inn liicernill-llunil Cum. & I'fd. Mock
.',0 Inlrrii.itloiml s-nlt Mink
'.'-. Perk, spin A Mlrot Mock
n xroilll Miiiiilfm l.irlnc Stoik
no li tor Tiilkliie .Mnrlilne Mock
S Wlm hei-trr Keiicallni: Anns Moik
J. K. Rice, Jr. & Co. Will Sell
Ml) Miiinllimil I'o. of Amrrlrii Murk
1 1 r.n Vinerliiiii LltliuKruplilr. I'M. Mink
H . too It.,, . r,,u f'n. i .,.. .V I'lll. Sin, k
1(1(1 CiiinlierlM tnrp. Com. & l'fil. Htk.
r,0 f olillnt'litul lliMirilltre Mock
21 ll. . Illls torn, slork
II) l'.nl llllir Niillniinl Hunk Slotk
21 1 lilrllO I'lirnU Insiirillire Mull
211 llinr.inb Triit Mojk
Kill llule & Kllliurn 1'f.l. Slink
llll) Mlillunil sf, urltles
."II Neu ,lrrM' .liie Mmk
Bll trior T11IM11K Miiihllie snik
a MlnrPesler Itrtir.ltlni; ruiH stork
2.1 MiiHliinKloii M't A (lnl. Co in. Slork
J. K. Bice, Fr. & Co.
Illlll In HMO .I11I111, HA Willi St., X. 1
French Hank Gained Gold !
1'AHIH, March 9. Tho weekly hialc
ment of the Hunk of Krnnco shows sold In
creased 3,1)01.000 francs Hllver dccicued
.'114,000 francs.
HANK CLEARINGS
Hank ilp.irlnE" toda romiurfi nltli corro
uponillnt; ilu lst tuo ,.,rH
1'Ull llil.l tun
I'likMt-o tn I. H7.1 11.10 lll.iiilll 11.1 1 1)2 till 1 HI
St lAJUla H.722.M7 . ,
Railroad Opportunity
Wo lini' 11 illi nt who own mit mll of
Imni r.illrouil non In operutlon Hllli
,-,ii nun In r.mli In- iaii urranse for
.Inmuiii-r nft-mlle extension of tho pres
,iit nuilo line The mows will ti fully .
cunil inv) olf'TS .111 11num1.il opportunity fur
liimilsinii' Pre"'8 IK'tnlU upon request
L. T. LAYTON & COMPANY
M, inborn I'lillaik Uhli Moilt UxUi.uil'ij
ltc.it r.stute Trml lllilK., I'lilladj.
IIIIIKCTOHY OF 'COlNT,NTS
CcrtllleUrublle Acrounliint
L.VW IthNCH U HKOWN L CO
U UllAI. BSTA.TU TIIUST UUII.DINO
Pittsburgh Coal Company
(of New Jersey)
Plan of Read just ment
To the Holden df the Preferred Stock and Common Stock of the
Pitttburgh Coal Company (of New Jcrey) 1
The Undersigned Comniittee at the request of the directors and
the holders of substantial unounts of the preferred stock and the
common stock of the Pittsburgh Coal Company (of New Jersey),
have prepared a plan for the readjustment of the respective rights
and interests of the preferred stock and common stock of said com
pany, which Plan has been approved by all the directors of said
company.
Copies of ,the Plan and Agreement of Readjustment and forms
for assents to lie signed by stockholders may be obtained from any
member of the committee or from tho Secretary or Assistant
Secretary of the committee.
The committee only undertakes to represent and protect the
interests of those stockholders who expressly authorize the com
mitteo so to do by tiling their written assents with the committeo
and becoming parties to and observing the provisions of the agree
ment in respect thereof.
Stockholders ere requested to file their written asienti with
the committee not later than March 31t, 1916.
Adtlri-i all cammuntcatton to
F. J. LeltOVNB,
6crtary of (he C'omiHlttw.
Henry V. OUr Ilulkllal.
I'llubureh, Fa.
or to '
EDWARD C UAIL.L.Y,
AUUnt gacrotttry
21 Broad Strict.
Knur York City N" T
J. D. LYON
A. YV. MELLON
GEORGE T. OLIVER
J. B. FINLEY
HENRY R. REA
JOHN I. BISHOP
A. J. MILLER
HARRY BRONNER
Readjustment Committed
. rninivip.ii will. n.tR;l.r,ll tons for
miiuo period of lOifi, un Increase of 5,311 1.
142 topi atocl.t of coal on hand nt IMc
witter shlppltiK tiortu on hVlirunry S ueie
jtin7 innq. nn Inrrensn of 2100 tons, na
loinpated with .tanuiiry .11 of thlt year a?
rim iiiuiuitl iciinrt nr tlif Aineiu.ui .111.1 ,
mill niectilc fnmpiinv cnnip.tred ci fit
Mimlilv Mith tlii prevlnui ellr. ilroni
rarnlnui of miliildliiry rompanlet nnioiltit
eil to $5.1)0(1. 020. nn lticreaHf nf $fiST.ISi
ner I'lll Aftei tho p.i.Mnont of Intiireil.
other I'linriien nud preferred dlldend
tlinrn kiii 11 iiirplut of $050,831. nn In
iTonip of ".250.512. The slirplllB wiih
ciulxnlent to itliout 20 per cent, on the
common Much, ittrnlnst IU per cent in
inl I. The company'ii xtock did not sell on
'('limine today
vn nr.,.,iiiiii for iho ntretictli In lleadlnB
I the B.1111P rcportt of ceKrcK.tt Ion. etc that
1 have heen koIiib the round" In tho i!tre'
I for some fe ilnjH were icltointed It
paid flint the homiHR. 111 u"' ' ""
Irnll I'lllllllllllV Illlll tllO linltllllRH Of
,leihc 1 'Mil 1 ill stock liv the Iti-ndliiR coin
IMliv' would ho dlBlrllitlted to the Ktoclt
holilers Tho only tliliiB new In tills con
iiri'tlnn wnH the leporl tli.it mime nctlon
itloiiK these llne.i would lie tahen within
the neit fin ditMi
Uespimdlnt? to the dcclaiatlon of the
leKUlar timi Icily dll(leml of 2 per cent,
fulled Ann Impioienient advanced n
fraction. I'hll.tdelplila Toinpany common
and preferred roso nll;htly. whllo tho
ctinittlntlie preferred fell a half
We offer a Public Service Hn4
that is extremely attractive owing to
-tlie unusual underlying condition!.
ft The earnings of the comnanv a
j now over two limes bond interest.
I ft The opportunities for increasing
I business arc exceptional for reasons
we will give you.
L Bonds yield about 5.45 nd
carry a stock bonus.
ft, We recommend this security mj
will furnish you full information on
request.
Baken Aylirvg Co.
Land Title Dldg. Philadelphia
COTTON 3IAUKBT KHUI;
UYIX(iJ)K1)EIlS FEW
Call for Small Lots Liverpool Prices
Fractionally Lower
NT.W
virtually
YORK. March 9. There won
no cotton for salo nt the open-
Inr- nf llio In.llltet tilt". IIIOI tllllB. Illlll 111-
thoUKh the litiyinir indeis wero not nu
merout and called for small lots, they
wero Milllclcnt lo cauie a 11 rm tone. Match
Matted 11 point lower. Mny was up 1 point,
hut the other optlonH showed uthnnccs
of 4 to 7 points
There was no fenturc to the operations
on cither side, and litiitiic? was llRht,
only nine transaction-, heltiK recorded on
th" call The demand continued faltlv
Bond after the openliiK, and at the cud
of the first in minutes May had nd
Mtiu'eil 7 polntx. wllli ntlii'i positions 1
to 2 points nhoxi' the Initial ilRiiros.
Liverpool pilces came 'i to 2'6 points
lower iiKalnst expectations of Mii.ill frnc
llonal upturns, luit had no iiilliirnce on
local tradint;
Temperatures were lower In the cotton
bolt tills moriiiiiB. and altlioiiKh conditions
won' cloudy tn some s-ecttons there was
no precipitation.
Y'H. 1 Ins,- Oiiisi illirli. t.or. t'luHi-
Manh . 11-11 1 ir. 11.7.1 11.14 11.71
jjv . . 11 1,1) 11. mi 1111.1 11111 u nn
lly ...11. si, 11 '."' in 1.1 ll.l"' mi's
IhlViher l'.'1'J I-' CI 1-'? I-'" J'-IV.l
Dei nlllliT IL'l" I'.' "J I. l-'t.i '--; -.-
.inniiarv lL-ji u-si i'j r.n 1a.11 is 411
Mint . 11 HI . 11 l'
TAX FREE
TO YIELD 5&
'lllen' I'linseiiBer llnllwnjr
'Jiul A 3nt hts. Pnsneiicer Itnllwny
I .'IIP & I St li M. rimiencer Ilullivny
l'hlln. t'lly I'nssencer Itnllwny
IVIELLOR & PETRY
MembrrH N. V. I'lilla. block Ktehnntta
33C C(MMi:Ul'IAI, 'iltUHT llUILDINQ
GIANT PORTLAND
CEMENT CO.
.Common and Preferred
Traded in by
CHARLES FEARON & CO.
333 Chestnut Slrect
Slato Trcnsury Statement
IlAltltlSllt'ItCI, March 9. Tho state
ment of the Tirttstliy Department of the
amount of Koneinl funds of the Common
wealth of I'cnnsjlwinl.i shows the total
nn hand IVhruary 2!l. lftin. exclusive of
niones appropriated to the slnltlnK fund,
lo he $.1,187,261. as aK.'inst $1,309.91 1
.Innuiuv ill TUG. and $1,905,137 Peccni-hi-r
.'11. 191B (,f the total deposits of
$.1,IS7.2lS!i, I'iillailelphla lnstlttitlons hold
$1 IXC 702,-jis iiKalnst $171,770 .Tiinuary 31,
I'ltfi and $l('i,(!ll Iiecemlier 31. 1915.
Reduce Your Cost
of Gasolene
Tli prlro of RHDolene Is cotnir iid.
Hiiti oinir of n rnr shnuM own Oil
mul fins mm k Thus his own con
sumption nni'luc-ps rllildeniH for htm
BARNETT OIL & GAS CO.
(..IP KM S-2.nOU.000. I'ar 11lue $1.00.
No HottiN.
Sn Ontliiniiiic Intleblrdnfis,
orfor unusual opportunliles on ac
rount f jin-sont cnrnlnK1
'Irtitlrd In on ri "ork Curb.
Wiitc for Special Circular No. 2.
E. H. CLARKE
ImcMnipnt Securities.
87 Wlllliim t.. p York Clly
ELKINS, MORRIS & CO.
BANKERS
Lnnd Title Building
Philadelphia
Burlington (Vermont)
Gas Light Co.
, 1st 5s, 1955
Guaranteed Principal and
Interest by the AMERICAN GAS
CO. by Endorsement
Yield 5.25
J. K. Rice, Jr & Co. Buy & Sell
Aeolian Weber Piano & Pianola
Victor Talking Machines
Inquiries Invited
J. K. RICE, Jr. & CO.
Phonrl 1001 tn 4010 John 3ft Willi HI , N. T
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 5 to over 6yi.
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.
gA.NKR.S
Established 1892
Members Nciv York and Philadelphia Stock Exchanges
Broad and Chestnut Sts., Philadelphia '
30 Pine Street, New York
$2,000,000
LEHIGH & NEW ENGLAND RAILROAD COMPANY
General Mortgage 5 Gold Bonds
Series "A"
Dated July 1, 1914 Due July 1, 1954
Interest payable January 1st and July 1st
Authorized issue, $15,000,000 Outstanding, $4,000,000
Redeemable at 105 and interest on any interest date, upon sixty days' notice
Coupon bonds of the denomination of $1000 with privilege of registration of principal
Guarantee Trust & Safe Deposit Company, Philadelphia, Trustee J'
FREE OF PENNSYLVANIA STATE AND NORMAL FEDERAL INCOME TAXES
These General Mortgage 5 Bonds are secured by a direct mortgage on 191.13 miles of road
owned, which includes 281.40 miles of track, subject only to $1,000,000 Urst (Closed) Mortgage Sfo
Bonds, to retire which an equal amount of General Mortgage Bonds are reserved. The Company's
outstanding bonded debt, including these bonds, is at the' relatively low rate of about $26,000 per mile
of road. There are deposited with the Trustee as additional security for these bonds, a majority of the
stocks and all the boitdb on 8.S0 miles of road operated under lease.
Following these General Mortgage Bonds, the Company lias outstanding $6,000,000 Capital Stock,
all of which, with the exception of Directors' shares, is owned by The ' Lehigh Coal fi Navigation
Company. During the years 1912, 1913 and 1915. the Capital Stock of the Company was increased by
100,000 shares, which were sold to The Lehigh Coal & Navigation Company at par, or $5,000,000. Div
idends at the rate of 87o per annum are being paid on the Company's Capital Stock.
As owner, lessee or under other tenure the Lehigh & New England Railroad Company operates
295 97 miles of road from the anthracite coal fields of Pennsylvania northeasterly to a point of
connection with the New York Central Lines and the New York, New Haven & Hartford Railroad at
Campbell Hall, Now York, and forms part of a through route from the anthracite, slate and cement
regions to points in New Jersey, New ork and beyond and via the Pougltkeepsie Bridge to central
and southern New England.
Through a trackage agreement with the New York, Susquehanna & Western Railroad Company
the Lehigh & New htigland Railroad Company 'operates its own trains for the handling of anthra
cite coal to New York tidewater.
The property is in excellent physical condition, a program of improvements, extensions and
betterments having been energetically pursued during the last few years.
The following comparative statement of earnings for the fiscal years ended June 30, 1913, 1914
and 1915, and the earnings for the seven months' period ended January 31, 1916, show clearly the
rapid growth of the Company s business;
, 7Mos. 1316 1915 1914 1913
TotalRevenue $2,016,440 $2,707,960 $2,265,741 $1,796,282
Operating Expenses, Taxes, etc 1,062,832 1,547,925 1,300,404 992,739
Gross Income .-...,.. $ 953,608 $1,160,035 $ 965,337 $ 803,543
Interest Charges and Other Deductions 263,174 467,088 418,225 445,358
Net Income $690,434 $ 692,947 $ 547,112 $ 358,185
These bonds are listed on the Philadelphia Stock Exchange.
Subject to sale, or advance in price without notice, we offer these bonds at 103 and interest,
yielding about 4.83
BROWN BROTHERS & CO.
Fourth and Chestnut Streets
Philadelphia
Special Circulars Furnished Upon Application
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