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f
fiVENIflq J.EBa.BB-PHILADEIiHTX FRIDAY, MAROH 10 1916'
FINANCIAL NEWS
MEXICAN INTERVENTION DOMINATED
STOCK MARKET IN DAY'S TRADING
Advances Violent as Group After Group Became Active
and Strong Supplies "Were Scarce Covering
of Shorts a Factor
t High Points in Todays Financial News
United States Steel Corporation reported record unfitted orders,
the total being 8,568.199 tons, as of February 29, an increase of tA6,199
tons over the end of January, The increase was much larger than ex
pected. New York banks lost $$,611,227 on movements of money during
last week. tNew Haven temporarily lifted embargoes, except upon soft
coal. Foreign exchange steady. Alleged bucket shops raided vi Pitts
burgh and other western Pennsylvania cities.
New York Stock Sales
NEW YOIUC, Maxell 10.
The Mexican Intervention, resulting from the bandit outrage, dominated tho
stock market throughout tho day. At first somo of the traders fntsely read
bearish portent In this armed Intervention and sold Mexican Petroleum, Qrccnc
Cananea and American Smelting at concessions, but the losses then sustained
wore quickly rccovored, and later group after group of stocks bocamo nctlvo
and strong, and violent advances wero recorded in many issues.
Most banking Interest was centred in the movements of Southern Pacific,
becauso of tho assumption that that system's Mexican lines and plants may
now bo turned into rovonuo producers and bo flee from the embarrassment
Which has provontcd their development for so many years.
Mexican Petroleum, after soiling as low as 100, mndo a five-point gain,
and Groeno-Cnnanca was helped by promises from official sources of doubling
the dividend rate at tho April meeting. Pool activities were on a lnrgor scale
than for many weeks patt, and advances were easily established In tho rloBcly
controlled Issues, which wero made tho chief subject of concentrated pool buy
ing. Scarcity of stocks was again commented on, supplies being senrco oven
on advances, and. this fact caused Increased nervousness In the bear ranks.
Covering of shorts had much to do with tho upturns In such stocks us
American Zinc, Cruclblo Steel nnd Baldwin Locomotive. Tho greatest strength
for tho day was shown in tho final trading, although the upward movement did
not extend at any time to the general list.
Last close. ltlRh. Low. Clone.
Adamj Kxprrss 140 MOW 140 HOW
Alaska J Cold M flf 10 0W 10
Alaska (lolil Mines.... 20! 21U 20W 21
Allls-Chalmrrs Mfe.... 30 3H 30 3W,
Am Ae Chemical 08 08 08 08
Am Aft Chemical pf. . . 08 08j 0715 07M
Am licet Sugar BOW CO 08 00
Am Can 00 Otll G01f COX
Am Can pf 11W 111? II US MHf
Am Car & Fdy r,0!' 70H 08W 70
Am Coal Products 103W lfllU 101U Mitt
.m cotton on i2!i OT'i m'i mn
Am Ktprcss 120tt 128H 127 127U
Am tlldo fi I. pf JOH 40tt 40 40
Am Tee Securities 20tt 29tt 20)4 20)4
Am Mneci! 21M 21tt 21 21)4
Am Llnseol pf Mi 40 304 40
Am Ixicomollvo 7().'J 73)4 70'a 73)5
Am Locomotive pf.... 102 102)4 102 l'n2
Am Malt Corpn pf.... :).-!. 35)4 35)4 3.V4
Am Smelt A Kef 101 103) , lOOtt 103)4
Am Smelt pf A 03 03! 03tt 03I
Am Steel Ton nd rles... fii 53 fi0)j 53
Am Sugar lief 100 100 108tt 100
Am Sugar Kef pf 117tt HOtt 110JJ HCtt
New York Banks Lost $3,511,227 on Movements of Money
Tho known movements of money for tho week ended with tho close of
business yesterday indicate a loss In cash by tho Now York banks of $3,511.22".
They galnod net by direct express from tho country J2.12S.77a, hut lost $5,035,000
to tho Subtreasury. Tho figures of tho last-mentioned Institution include $40,000
transferred to San Francisco. The banks received gross this week $6,737,836,
against $8,869,640 last week and $6,805,903 tho weok before. This week's ship
ments were $4,614,053, ngalnst only $2,620,666 last week nnd $3,681,625 the
weok before
Am Tel & Tel
Am Tob pf new
Am Woolen
Am Woolen pf
Am Zinc I, & Sm....
Anaconda Cop M....
Atch Top & S V
A ten Top ft S V pf
All Coast Une
Paid Loco Works 1054
uait & Ohio S75
Ilatopll.is Mining 2)i
DeHiMi'm Slecl 481
Brooklyn Hap Tr 85)5
Bullo fi Superior.... 101
Cal Petroleum 24)5
Cal Petroleum pf fi;m
127tt 12S)5 12Ktt 128)f
107)4 107 lUOtt 107
03tt 5-1! (
mt 102
80
87
Canadian Pacific.
Cao J I Tr M pf,
Central Leather
Chandler Motor....
Ches & Ohio
Chile Copper.
Clilno Copper
ChlcaRO CI I West..
Chicago tit West pf
Chi Mil & St P....
Chi Mil A St P pf.
C C C & St L pf
am it i ,t p.ic
Oluett Pea & Co...
Ol l"ucl .1 Iron....
Comp T Hcc Co ..
Continental Can
Consolidated Gas...
Corn Products Her.
s;
. 87'f
102,'i 103
.1011S lOt'4
.110 110
88
2'f
480
85
00
25!i
5ltt
MM
00
87
80'4
M2'
101 '4
110
105M
S7U
2)4
ISO
8.5
DP,
24tt
53
....1115)5 100)4 1MH
85
. .')!b
. 02
. OPf
. 23
. 57tt
12),
. 35' i
03M
.120)a
70) i
17
70
43'H
I04
82'i
85
54)j
02tt
01'4
23
50' i
13
35tt
03'
85
02! f
1)2
COtt
22' (
12'i
35'
113
64
lOdtt
h7tt
hOti
10.1
10114
110
100? i
87U
2'
480
:
07
21tt
53
104!j
85
M
02
Oltt
22,'i
65'i
13
35),'
03' i
FRENCH BONDS
RISE AS VERDUN
BATTLE RAGES
Notably Case in1 Three Per
Cent. Rentes General
Market Quiet
Sates in Philadelphia
Net
lllgh. Low. Close. che.
100 Amer Smelt.. losj KKji 102 J K
ion Am I.oc 734 MJ Mff
10 Am, C A Fdy. r,ni oni WJK .
Hii iiaMw Loco. ..Ins Iris 1"S 8
I SS llutte Sup. PS (Uji J8 4?
MCil Petrol.... 2li Hk iy ,
in crue siee n. k.i -r
-
COLLATERAL DIMINISHES
12!Pi 120)4 120) j
73
17!
70
44!.'
40
88
73
1054
70
43',
1(1
81
73
17
70
44)4
40
fidJS
.133H I33!( 13.3J4 133'(
23 i 23)4
No Plan Arranged for Dealing in Americans
According to those who are familiar with the situation, the London cable
tatlng that J. P. Morgan has arranged with the Urltlsh financial authorities
a plan for dealing with the Amerlcansccurltles collected by tho Hritlsh Treasury
Is without foundation.' No siicSrerrangement has been made by Mr. Morgan,
although it Is bolloved In llnanclaraifeYles that this nbasn of ti,n f.'.rni,, n ...i'
WJSl
mm
situation has been discussed by
in London about a month ago.
tho British authorities since his nrrlvnl
Financial Briefs
.Directors of tho Uethleham Steel Cor
poration met in New York today and
rend tho annual report, which was ap
proved for the year ending December 31,
1916. Tho report will bo made public
within tho next two weeks. Tbo 11th
annual meeting of tho stockholders will
bo held April 4.
Clearings through tho banks at tho prin
cipal cities In the United States continuo
in largo volume the total this week, ac
cording to Dun's Review, amounting to
$4,018,679,825. an increase of 61. U per
cent, compared with $2,481,926,638 of tho
somo week last year, and of 42.1 per cent.,
S3 contrasted with tho 2.828,312,211 re
ported for the corresponding week of 1914.
New York Bond Sales
No action wns taken on tho common
dividend nt the meeting In New York
today of tho directors of tho Sloss-Shef-fleld
Steel and Iron Company. The pre
ferred dividend was declared at the reg
ular quarterly rate of 194 per cent.
The Bank of England today earmarked
160,000 for Argentlno and 50,000 for
Egypt. There was shipped to South
America 200,000 and to tho United States
40,000.
Application has been made to the New
York Stock Exchange for the. listing of
$80,000,000 capital stock of the Chevrolet
Motorcar Company, and $3,600,000 first
mortgage 30-year 5 per cent, bonds, series
B. due 1944, of the Atlantic and Charlotte
Air Line Railway Company.
George DeB. Kelm, vice president of
Chandler & Co., Inc., has returned to Ills
office after a month's vacation In Florida
and Cuba.
Ono block of $100,000 Anglo-French 6s
sold at 94 on the New York Exchange
today, under last night's closing price.
Although the American Smelting and
Refining Company has not changed its
quotation of 6.60c a pound, New York, for
lead, some of the outside dealers haro
further put up their quotations which now
range from 7c to 7.25c a pound. It Is re
ported that sales have been made by the
mailer Interests nt above 7.10c a pound,
but no confirmation can bo obtained.
William A. Law, president of the First
National Bank of Philadelphia, will de
liver an address before tho New York
Forum on March 15 on "Cotton as an Klo
ment in Banking." During a three weeks'
trip through the South Mr. Law made a
study of the problem of financing tho cot
ton staple.
Application will be made to list Otto
Eisenlohr & Bros., Inc., on tho Philadel
phia and New York Stock Exchanges.
J. C. Neff, vice president of the Fidelity
Trust Company, is spending a vacation
Jn North Carolina. He will be absent until
the end of the month.
John J. Henderson, of Newburger, Hen
derson & Loeb, has returned from a trip
to New Orleans and Texas.
Sales for February of the J. W. Wool
worth Company were $5,346,971, a gain of
$832,068. Two months show gain of 14.14
per cent.
Orders have been received by the Bald
win Locomotive Works for the following
locomotives: Ona 0-6-0 type for Lacka
wanna Iron and Steel Company, one 0-6-0
type for Quit States Steel Company : three
Mikado type for Fort (Smith and Western
Railroad, pne 2-6-2 type for Rapid City,
Black Hills and Western Railroad; one
2-63 typo for Barfleld Lumber Company,
ona 2-6-3 type for A. E. Bell.
New York banks lost to the Subtreas
ury yesterday $907,000 and since Friday
last $5,635,000.
"!!"!'" Albany & Kus 3'iB.
Olio Alaska llolil cv Hh.
0"0 ilci r r pil
in,!!!!i An"'r ABr llcb 5a--
luuni) Amer cm cm :,,..
r.lU'UIIO Anuln.Fr I. -.u
5H!!!! Anwr T''1. UV! i'iiiiioiiT,
Illnh.
87j
lll.i'.t:
lie
iiiiti
li" h
I "n
I.OW. CloHP.
tlll'll) Arnifttii ,'n Jlj.u
UTiUII Ati'JllHon ucn ! !
-"on Atrli Trim s 1, Is
.limn li.ilt & Ohio 3'is
2(100 ilu Ih "
2.IOIMI ,I rv. 4IJ
lllilllll l,i ,-,.s
-IMlllll Iloth Steel 1st ,-a
lllilllll ,li, rIM .-.u
.-null urok n T
imu
r.iiiui Huso Term m.is r,'n
r.uoii cvnt 111 th 1st ,-,h.
.wnni int l'.ic 1st 4.
!H
II.,
Ill
!i:i
lit.
till Vi
ma "4
tic
101
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I'll:
M"4
103 !a
lot
HH i
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IH
llU?
II131
II IN
111
ll.'l
Ill's
llllJ4
in ni,
lil.'ITi
lull,
101
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on v
hi "4
ld.1 'a
Hi-'
in
lniDi
114
!l.
111
ll.'l
1
Hll'i
mis
1113 )
mt)
mi
SSI
1(11',
!Hi Mi
Com Products Kef pf. 08" i 100
ururllile nipcI 82 MS
Crucible steel pr in'; t l.!fi
Culian-Ain Sucar 'Ml L'O.j
Deere A, Co if 0," 01) s
Del Lack ,1- West L'lS IMS
Denver .1 Itlo (Ir pf.. lfl ifiJi
Diamond Match itKlf 10j
DIMM Sec Corpn 18 -lSJii
Dome Mines 'jr, I'-IW
Krle 117 :J7'4
Kile 1st pf aiJi fljij
Kcd Mln & Sm pf ,j.'t
Gen Chemical 310
General Elcrtrlr
General Motors.
Goodrich II K
Granby Conol
Grccne-Cananea
Great Northern pf. ...
Gt Nor cfs for ore pf.
uuccenhelm Kxpln
170
.fiOJi
. 7L
. 02U
flO.'f
.121?.'
. r.m
1
::i
00
1 ll.'i"
201'j
01!i
21S
1."')$
10.)
17?,'
2 US
ai'
oiu
:uo
170
170
ti
Int ARrlcuItural 21)
ion r'hlf, '," N J C''B "'11TU li?'! 117$
iffif! !.t'" il'P 7n 130 Va 1311 13(1
L'(llll) ChPN & Ohln I4... IIS !) -
.11(111 ,'hi.U A. ,11. I.. .-... Iil.l. ...... .:.T..
--.--- v..... .v .viiii. nn, , .111., n
lllllll (,'hl 01 Went 4n 7"
Ml(ll) fhl : Nwn 3',aB h2
2JIHW cnl li A: y joint -Is. n.'
r.nno urn u & (5 ion js i.-iJ
10011 Chi M & ml' cv 3B I ITS
Mllll) C M & St P cv 4ls.llll
T I Chi llwy ,-im 7,. 78 !
11)00 Corn I'rml r,n 11131.. lis
nonn Din K.ur Corii fls. 72
300(1 Krlo gen Is... Tl
anon Krlo nrlor la . xl
r.onn den ijiok ,-13 nu'J
lr.nilii Great Nor 1st !iii-
nil") Hud & .Man rM .Is.. T.l'Z
2IHKI Imllaiia Mtl r,s nriU
3311(111 IntiTb Met I'jH 73
Tllllll Interb It T ref rs.. IW
BIUUH Inter M M 4jm et ih
Uiun intL-rnl Stm I' ct r.s "4
201)11 .In 1.1 n tww O ri -I'.iM 711'j
51101111 Japan His Ami
30011 Kan City Tor 1st Is. NS's
lllllll I..iele.Ie (las 1st r.s.llinj
r.Ollo l.ls & M T Ts il-7
lllllll l.orlllarrt 7s 127
401)11 Minn Nt I S S M 4s. 1I3T4
lllllll Mo Kan & T ns ... nil
(1(1(1(1 Mont Power rs 11-
12(10(1 Nut Enam ft stu Ss. !)79
3(10(1(1 N V C & llud l.H .. 112
2111111 N V C ft llud t'as. Ul,
HWVi lltt 'a
72
82
USNi
03 i
10(14
7NI.4
1IH
Tip
7 I7
84 S
1(11 '4
(III '-J
t:j
73 (
llli?
iik
74
7117.
Ml
HSH
101
12IS4
127
lista
no
liiii
I'TS
UN
113
10T'.a
inn '4
TH',4
IIM
72 i
74 fi
H'l
Kill,
till i
73 '4
111.1'i
73 Hi
O'.l B
IIS
71
TIlTi
fill'.a
88la
11)1 'a
127
127
113 Ti
5(1
1)7
IITJ4
1U a4
I tl-t " L
ji.iii. .i fijj. us 11 1 ..- iiiiw 1 1 lai
lllllll N Y City 4.4s l!lll().l02'i 11)33 102 3
JIMIU N Y City 44 1011.-,. 1117 'I 1II7'1 1117't
10110 N Y C lls Nov r.7.1llllJ lllrtrf 1 Hl!
jiiiuii j v 11. in 11 s p .is. in., Va in.-.?, iii.-,w
2IIIIII N Y Itwy ref 4s .... 7T'S 7T 7T
3!)()()l) N Y Itwy adj r.l ... Ill ll; (,
11(1011 N Y Ttt Een man.. Mil! milt 1 11 it
lllllll N Y W C It 11 lias 78 'J T8'J 78 'J
BUOO Norf West In ... IIMi? A3iJ ,3Vr
ifllll. K... 1. 1 ... ..... .....
..li.. nur no prior -IS... li.l '..j lia'a
1000 Oro Itwy i Nuv 3s. H2li l'2'I
Onl) Tnr.Hi. T11I .-.a Hint li.r.1
join, i-fnii,t gen ct l,5H..llljls
loon Headlns sen 4s rir. IISI3
1000 Itep Ir It 8 3s..." , ii'ilj
lllilllll Hock Island rfil 4s. (ill1,
IKIllll Hollth Hell 5n IIHI'J
30(11) .South I'.io 4s 8Hla
33(1011 South Pac lv Is 87
70011 tin c-v rrt f ti 3h IhmT 1,11 &:
78000 South Itwy een 4a... T2'5 T2
102,
US',
I'll '4
mis
10(17.
8lli
ia
i
10110 Third Avo now 4s.
3001) Tokio r.s
ROOK Tri-Clty 3s
lnoon u H Itubber (Is...
U 11)011 U 8 Stwl 3s f...
1111KI tn itwys K F Is
82
. TS'i
.inn'.,
.10.1
.ins
42T.
ir.l
70(10 Va Cor Clmi 1st Rs.
1000 Wabash 2d 3s Illltj
1000 West Shore Is 02 li
82
tH'a
Kill'.
l(tt'
tin
0!l"
03 Hi
1)21,
lllll'i
1(12(5
118
tlll'I
IlilU
1001.
8111,
87
82 '
7814
iiioi;
103
10 Pi
42'.
0!)
DOS
0211
Int Acrlcultural nf,
Int Con Cor v t c sh.
Int Con Corpn pf. .
Inip Con Cop
Int M M cof dp....
Int M M pf c of dp.
Int Nickel v t cfs....
Jewel Tea Co Inc. . ..
Jewel Tea Co Inc pf. .100
Kan City Southern 2o'i
Kelly Sprlnufd Tiro Co GO1
Kcnnecott Copper.... .WJj
Klncs Co E I, & P...120
Lack Steel Co
Lehlch Valley
I.ee Kulilier & Tiro.
Manhat Kiev old. ..
.luiiuauan nnirt t.0.. ,),)
Maxwell Motors (il
Maxwell Motors 1st pfStU
Ma.tell Motors 2d pf -JO
Mexican rctroleum...,102 105)a 100
mcx peiroleum pr 101 100
Mo Kan & Texas 3Ji l's
Mo Kan & Texas pf. . 11 107 '
Miami Copper 3(1)4" liOlf
Mnntana Toner 77 77Jf
Nat Cloak & Suit pf.-lllU 110
Nat Enam A. S Co 20 2(1'$
.Nal Lead Co C8)a 0Ss
01
17
71
iO)'
17
1 0U
lOli
77
78)f
51
..130
.VIH
310
I70!s
170
73)!i
02
02' j
121'
115 i
21'.
2(1','
01?4'
17
73,'g
10
17? i
7i)f
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72H
100)S 100
25 2.1
70
m
120' i
78Ji
78) i
51
1,'iO'i
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01
85
111
01
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121lj 1
13).'
21
HHS
SSlf
17
73! i
mi
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inj,'
m
.'3)4
100
SI't
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20 iTi
01! i
218
15!
105
18
21!i
37
52'f
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310
170
170
72? i
01
By YVES GUYOT
Kx-Mlnlster (if t'ulilie World, Mdllor t.'Aseneo
neonomliiuo of l'lnnnclore.
Rpertat Cabtr to tlvrnltia l.eitgrr
I'Altlrl, Mnreh 0. Ono of tho most In
teresting tlilnKS nt proaont, when the Cler
mnns nro mnldtiB hiicIi desporntc nttetniits
nR0ln.1t Verdun, Is that while the lmtllo
lirts lieen BOlnB on French Qovcrnnicnt
bonds hnvo been Rolnp tin, nnd hnvc
ninlntnlned their ndvnncc.
This Is tiotntily tho enso In rcgnrrl to !t
per cent, rentes, which have advanced
from 61, 00 francs to 62.40.
Tho Roneral ninrkct Is very qulot. and
the tondency IrrcRillar but confidence Is
absolute and, despite tho illftla'iiltlos of ex
chmiRC, which effect International com
merce. If one examines tho best barometer,
which Is tho statement of tho Bunk of
Franco, one finds only encournRlnR slRns.
Its Rold stocks havo Bono down slightly In
tho last week, but this Is because of cold
shipments to reRUlato cxchaiiRC.
Collateral held by tho bank diminishes
steadily, nlthouRli tho moratorium has not
been raised, which Is to say commercial
and Industrial Iiouscm aro gradually re
cstabllslilMR their position and poyliiR
their debts. There will soon be a desire
for more paper to come In for discount,
as this will show the Improvement In busi
ness, and this Is particularly dcslrnblo
from tho point of view of the country's
forclKU commcice.
ill, 'i:n nn 'nn. . r... . ii.,u il"
100 Klee Stor O.lH "3H 0 Jf
43 Ins Co N Am 2.IJ4 231 2j it
20 Kenn Copn.. Mil mi., PJ,. -r jj
30.1 Lake Hup Corp 11. 1"?. 1' f
ei ijih v. ?Hlt 7H 78 I
15 8
lolla
,. . .
.-t.M) l.h Vn
.I Ilo r .....13
30 Mex Ilrnl..,lllls
l.lll I'Kima It H....3T'
10 Ta Salt JltR.lnl.
till 1'hll.i i'n .... 12'!
IIM) Phlla nice ... 27J!i
tin c u t tr rtrs. ii'?
11 Trniiii Tract. ,i'i
linv
21 '4
101 '1
1(11
42
2T
10.
iSI
fill
liny roni.
101'
!1W
II
lOlf
50!a
17
73' i
1GU
17J,
00U
JO).
71!a
100
25
70
50) i
mn
50
1293-i 120)i
77! 1' 77J4'
VA
1 1.
v.m
02
OO.'i
bl!a
154
.N"cv Con Cop
New York Air li...
S Y N 11 &H
N Y C & H It
Norfolk & Western.
North American
Northern 1'aclflc
Old Dominion Co....
Orit Silver Mln
Faeiflc Mall
Pacific Coast
l'enn Itallroad
Peoples fias Chi
I'llts Coal Co N J...
'J'M
4
Mi
30
7fi!f
110
25? (
08
15JJ
51
130)i
02
005S
S-1H
10
105W
00)3
l)a
lOJii
30i
77
no
20
G8
15JS
unit
05i
104 1(1
..M5)f UV4 H5
.. 00 CO 05'
..104?.' 10-14 103'i 104K
-.117 118H 117 118
.. cm can oo.'i oo
112'f 113 112 113
.. 72H 73'f 72!i 73)4'
.. 7)f 7)f 7 ,i
.. 24H 20V6 25)i 25)a
..03 55 55 55
.. 5074 57 5G! 57
loi.u 10m louj 10m
!SJ 2.s'i 2SW 28?4
FOKEIGN EXCHANGE
NEW YOUK. March 10. A steady to
firm tono prevailed in nearly nil depart
ments in tho foreign exchange market,
with some slight advances. Hates in the
mrly trading were: Demand sterling.
J.76 3-10: cables, 4.76i; 60 days, -I.7.J; 30
days, 4.70; franca demand, 5.00 Vj cables,
G.89?4 ; guilders checks, 4215 ; cables, 42li j
relchsmarks checks, 72?i j cables, 72 7-16 j
lire checks, 6.70; cables, fl.ooii; Swiss
checks, 5.23,4 ; cables, 5.22 ?4 ; Austrian
kronen checks, 12.58; Stockholm checks,
S8.35; Copenhagen, 28.05; pesetas checks,
19.3; rubles checks, 31.
In tho afternoon sterling developed
Etrength, with demand quoted at 4.78 ',.
This la the highest figure In several days
past. Cables wero quoted at 4.76 41)
4,76 15-16, ur u shade under the recent
high. Francs were somewhat better at
5.89 for cables and 5.90 ft for checks.
Itelchsmarks, at 72 7-1672H, showed a
gain of 3-16 from the low record. Vienna
at 12.60 was up 5 points from the low
record.
Late in the afternoon the market showed
a strong undertone. Business was on a
moderate ccale. Quotations: Demand
sterling, 4.76 5-16; cables. 4.76 15-16 if
4.77; franc cables. 6.89U ; checks,
5.90; relchsmarks. 72 7-16071H; Vi
enna, 12,66.
DIVIDENDS DECLARED
Barrett Company, formerly- American Coal
Pro4ucU Company, rceular quarterly of IK
pat cnt. on preferred, payable April 1 to
slock ul record March 23, and 1 per cent.
on comro&n. payablo April 15 to stock of
record April 10.
Jvaiyji Overland, Company, rcsulartr of IK
- st. oil preferred, payable April 1 to
t-k sX rt-cprJ Alarcb SI.
It.iKJiu.-er Cold Jllncn. Limited, regular
uwn-ihly et t par cent., payable March 24 to
buldws et record Slarrn IT.
BrtertdU Stl Company, regular quarterly
ol 1 per cent, on preferred and quarterly of
IV) per Cant, on conunoo, payable April I.
Mokt dasa JJjfcq i'l an4 reopen April 1,
Goudseav Tire and Kubber Comnany. rea-
nlajr Ausrterly of I ixf -cent on preferred.
imysix Apru -4.
JlBfU 2.
c'jB( vxaaa mmjmar. resxiiar 4
cuu. at BffHBea aaa uaul
mu. pajapie
. 4ft
Time,
243
aH4
4 4H
4 4Vi
Pblladeb
and
Booka. kyM Starch 20 and
itwK Aorft J.
mmmt at 1 mr wet. mi
Sm i tM05r st iMMTlf
RATES FOR JIONEY
New York SC4'ai;
Fblladelpbla auSi
Boaton ..,..,. 3
Chicago 8H4
CoramercUl paper, 3 to U months,
V"i4i nvt per cni,
BANK CLEARINGS
Hank clearloas today compared with corrs
ipondlnir day laat two yeare:
1010. 101S. 1914
Philada. ..J33.7IH.8iU 23.551,002 t2a.uSS.8T3
Boston ..31.070.288 2o,lS,T3S 1'8 823 853
New York. 408,381.314 295.373.565 201) 452 510
St. UUl . I4.388.3d2 13.SUU.1C7 18.425 200
Chicago .. 65,702.848 61.473.718 ST iM B3
GOVERNMENT BONDS
GO
2a rtf latered 1030 , . . .
2a coupon 1U30
3a reatetered 1U18 1
3a ooupuji ltilK I
4a reglatwajj t2B til
IttgMSiii'::;::::::::1!!
Bid. Aaked.
102 K
03
Pitts C0.1I N J pf i()21j 10-' 102 102
ruts c C & St 1 78 78 78 78
r C C & St L pf DO U0 00 00
Pressed S Car Co O'AH W S3 5.r.lj
Pullin.in Co 1G2J-J 102'i 1G2! 1G2J4
Qulckiilver pf OH OH OH OH
Ity Steel So Co .wr .11 MK .10
ltay con Copper 2-tH 2-HS 24 H
neauins 84H 81H S-1H
!1M
8-1H
.r.2H
111H
bliat Ariz Con
Sloss-Shef S & 1....
South P It Sue pf,
Southern Pacllle. ..,
Skiutliern It.v
Southern Iiy pf.
Henuulle Iron & S.... fi2JS fi2f S'Jl
Itepubllc I & S pf niH 111J, 111!,'
01 "mh iv o v l pi. o O'i i!4 ii'i
.. 377 118H 37 37H
.. oii S7 50H 57
..112 100H lOOti 103
.. 97H 19.H 07H OOJi
. . 205 21 2(Hj 21
. . fi!) f,0 SsJi 5!)
Standard SHIUns pf... 80'5 80 80 80
Mudebaker Co HlH 142H 140H 140H
Tcnn Copper 57 .17 57 57
Teias Co 207 103H 100 102
Texas Pacific 7 7!f 7H 7H
Tobacco Prod pf 108 10SH 108 10SH
United Cigar Stores... )J$ 0a OH UH
United Clsar S pf ijt jo ji y.
Union Pacific 132H 132H 132 132
Union Pacific pf K2H 83H 82H SliH
u & inu Alcohol H05 IfilH lSOM 1IH
. VJH 21 1!M 20H
. 4UH 4WJ -10 40H
.111 114
. 14H 15
. iOH 30
. 50H 52H
. S3!f MM
V S Sleel Corpn d'...11iU llfifl 11(114 UMi
Utah Securities 17H 1SH 17H IbH
nan laupcr cvi'i
Vulcan Dellnnlns 0
Wabash pf A 43H
Wabash pf 11 2fiH
Wells Fargo Kip 125
West K& M (Mi
Western Maryland.... 27H
West Union Tel 00
Wheel A h K 2d pf . . . 4 i
Willys Overland 230
Woolvrorth V W 121
'quoted ex dividend.
.T?.'.S! '."',"' 33,400 har, romparrd utth
714.20( hnre jctrrduyi tliu fur thle wtek,
2.05H.000 kbtirri eaine period last ueU, 2,.
830,700 kliurrit. -
US C I P & F
USCII'SFpl.,
United Fruit
United Itys InT Co,
U'n Hys Inv Co pf . .
U S Itubber
U S Steel Corpn.
113H
14H
30
50)5
83H
14314
15
30
52
0.1; i
KS a3 83
7 7 7
43H 4SH 43H
20H 20H 20H
125H 125H 125S4
(WW 04H 05H
27H 27 27
b0 b05 8JH
4 4 1
229.H 223H 229H
121)5 121h 121)5
LONDON STOCK MARKET
LONDON. March 10. Increased oonfl.
dence was shown on the Stock Exchange
today, as the result of the news from the
various theatres of war. Securities gen
erally displayed firmness.
Qllt-edsred Issues were harder. An an
nouncement by the Bank of England that
414 Per cent, war loan scrip shortly
would be exchangeable for bearer bonds
was unexpected.
The action was looked upon as use
lessly troublesome, since it is virtually
certain that tho bulk of the flotation will
be, converted Into the.next issue.
The feeling in Americana was cheer
ful, although dealings were small. United
States Steel received support on expecta
tions of favorable tonnage and earning
statements.
Good revenues caused firmness In
Grand Trunks. The home railway group
was steady. British lines today disbursed
n.OQO.QOQ in dividends. In sympathy
with Paris. th Foreign Department wat
Steady but featureless. Buying by Johan
nesburg resulted in gtrer.m In soma Kaf
fir stocks.
N. Y. CURB STOCKS
MOVED UPWARD
Bettor Feeling in Trading, With
Specialties in Heavy De
mand Bonds Dull
NHW YOniC, March 10. There wns a
decidedly better feelliiK In the trading on
the curb today, with sharp upward move
ments In many of the specialties. The
speculation at times wan brisk and, al
though considerable realizing developed In
many Instances, the upward movement
generally followed small reactions.
Theio was nn especially heavy demand
for Cuba Citno Sugar, which moved up
nenrly a point further. Tohacco Products
ndvanced n point. Saxon Motors moved
up nearly 2 points.
Submarine Boat developed sudden
strength on what looked to ho marked
orders, and at one tlmo showed a gain of
l'.fci Mldvale Steel moved within narrow
limits, while tho rights wero offered freely
nt concessions.
l.ynu Phonograph, after an advance of
li, reacted slightly on realizing. World
l'llm was itilet but slightly higher.
Oil stocks wero comparatively qulot,
with tho exception of 'Wayland Oil nnd
Gas, which moved up to n new high mark
at an advance of "A. Standard Oil subsi
diaries wero quiet, with a fair Inquiry
for Crescent Pipe Lino.
Ulttto Copper and JCInc continued tho
feature on heavy purchases on the an
nouncement of tho favorablo condition nt
tho mines.' Copper shares wero generally
firm but quiet. There was a better in
quiry for Nlckerson nt nn Improvement
of ; Bingham .Mining developed moro
nctivity nt an advance of '.
Bonds wero dull and about unchanged,
INIIUST11IAI.H.
111,1. AsVuil
Amcncnn-uruiRn .uib . . .
Atlantic Qulf & W I S S
do pref
Amorlran Marconi
AJax ltuhbfr Inc w 1
Canadian Car & Foundry
prnr
la
"O
ill's
.... 47
.. 3"i
ll!li
(13
. . . . M
....1411
.... .17
.... 47
14'J
.... m;
. . . . 411
. ... 2(1
.... 17
or,
::::
.... 1UV,
. ... (!
.... .11
. . . . Oil
::::i2
.... i.-ii
.... 85
3lt'J
3i
ChovrolPt Motor Cnr
Cuban Cane Husar
CurtlH Aeroplane
DrlgfrH'Seabury
l?mernon
Hankell & nnrkfr Car
HonrleA Manufacturing
Inter Mt Marino
do prtf
Knthoilion Bronze pfd
Manhattan Transit,
Maxim Munition
Mllvnl" ritrol
Otla Dlovatur
Otto Htacnlohr w 1
do pr
Pcerleni Motor
Poole i;ns & Much
St Josonh Lead
Stand Motor)
Submarine lit v t c ctfa . . .
TrMnsle 1'Ilm v t ctfa
United Protlt Kharlnu ......
U S I.lnht tt Heat
I' .4 I.lBht & Heat prof 4 U
Whlto Motors w 1 47
World Film 1'S
STANDARD OIL SUHSIOIAIUES,
Illlnol 1R2
Ohio Oil L'3I
8 o of California ass
H O of New Jersey nit
H O of New York 21U
OTIIEfl OIL STOCKS.
Itarnctt Oil ltVS
Cosden Oil 22
Chalmers Oil (I
Houston Oil 17H
Midwest nellnlner Ol
Supulpa. 13V5
MININO STOCKS.
Atlnnta 17
liraaen Lopper
llutte atHvt ctfa
Hutte St New York
First National Copper
(loMReld Mrrxer
I lecla. Mining
1 lowe Hound
Jim Duller
Jumbo Kxtenslim
Magma Copper ex dlv ....
McKluley-Darruuh
Mlnea of America
Nlplsslns Mines Co
.Han Toy . . . ..........
Wuat Kud Consolidated . . .
West End Intension
liONDS
2erro de Pusco 0s
llrlo 4b
Mldrala B
s
.to M
40
:ii
7(U
or,
HH
14(1
r7tt
.13
143
i
IS
03 H
on
r.il
lot
2M
IL'H
1M.4
4K
1W
183
230
't!0
1117
21(1
12
22 U
H
in
(13
13i
IS
aH no
UT 12
3 3'1
i ll'.i
12 , 13
4?. 4U
oh ni
811 SK
87 Ml
IT'.i 17H
30, 44
J4 2K
11(4 11 H
71 73
;17 120
un oimI
LOCAL MINING STOCKS
TONOPAK STOCKS.
Did
Jim Hutler b
MacNamara OS
Midway . , 14
Mlzpah Extension 17
Montana .23
Northern Star II
Tonopah llelmont 4,,
Tonopah Extension 4'M
Tonopah Mining . 6
Uescua Kula 20
West End 72
GOLDFIELD STOCKS.
Atlanta 17
Illua Dull 03
Hooth 31
Bulldog ,,., ,01
C O D ; 03
Combination Fraction Oil
IllamondfleM U II 02
Daisy Ol
Florence ...:: 40.
Ooldfleld Consolidated 80
OoldtWld Werner 12
Jumbo Extension , 80
Kowanas Ill
Oro ,. .04
Sand Kn ,0.1
Sliver Pick ou
MISCELLANEOUS.
Falrv Axteo 01
Klmberly . ., 01
Novada Hill 17
Arizona Un 40
lS'Vda Wonder l.jo
RAILROAD EARNINGS
MISSOUIH PACIFIC.
19113.
January gross 52.313,303
Net 27S.222-
Seven months' gross. 18.Z33.0S8
Net 3.CQ0.SSI
Recreate.
HOOKINa VALLBY.
January w fl?,-S5A
Nt ....;.! 182.022
Stven mootlu' grosi. 4,310.774
Vt ,,. - l.89,83S
Asked
.M
.00
.10
.10
.25
.13
4U
6'.','J
U
.18
.04
.32
.03
.Ot
.118
.03
.Oft
.42
.1)0
.13
.88
.17
.03
.00
.07
.03
.03
.20
.30
1.78
Inc.
1225.1173
21.010
143.814
728,048
iU.B28
ss.oes
370.214
L'11.1 Itwullnrr
too Ho I'nrinc ,.
inn Mo Hallway .
(ISO Tun Mel . . .
", Ton Mln . . .
ll.'l Un True ...
.317 1 O I .....
111.-..-, U H Steel . .
1(1 W J A Sou.
7H f 70 U 7IJ4
0 5
27IU?
mi !
2031
115
13 s
11(1
H4 J4
llll'i
20J
'
00 s
nil' 14s
-ir
20 j
1 j 1
4.1 '
no
n
Total unles, t)J88 oluirri, enmiinreil llh 10,
10.1 hnre eleriluri tlmi fur thli y".,'..",1.,',
238 Kliures) nnmp period lint iirck, (10,031
liiirri.
lIU.NII.x.
Itlltli. Lmy.
n;i;i .!'.!
'Illlll Aim ,1 4. L
L'llllll llnlil (. In! .-... 1 11.1 4 to:
40IIII fn Tr N J ns. 102 102
2IHI0 liar 111 Hi 1(12 102
looo I.,h N Imp li. Hi. US.,
tniiii l.,'h V kcii 4n H3W .Witt
noon Va t!en 4',4n.l02',(i 102.
Hioii Phil Co con ."in 113 '.J H3'.i
iniio un it r,n..i(ii nn
illllMl Phil Eire Is HI 84
lllllll do f, ll)4'5 llll'i
looo Htnml (Iiib ni on, noI
iiiiiu wrisiiii uo us us
12 dlvtdenil. Ill(ren8',.
CloS.
03 'i
10111
102
102
118,
Il.Tl
102
113 H
illl
81
HUH
IHI14
Decrease
Net
chge.
"l.
!l
tit
Tolnl mIpi, .tJO.OOO, compared with SDl.flOO
rirrdiji thun fur thli eck, 8113,0001 mini!
pcrlnd ln.it Heck, 8 107,300.
Local Bid and Asked
Huff & Hui t c. ..
. rlo pref
Ilrlll J (I
Halilwln
(-'ainbrla Stcei . .
j;icu Ktorngo
(ten Aiphalt
do prrf
Keystone Tel
do tr ctfs
do prof
Lako Sun Corp
Lehbrh Nnv
Lehlflh Val
Lehigh Vnl Tran . . .
do pref
Penniylvnnla
I'hlln Electric
Phlla Co
do 5 per cent. pref.
do 0 per rent. pref.
P It T t n
Heading
Tonopah Ilel
Tonopah Mill
tTnlon Trac
UUI
U S Steel
Today's
Hid ABlied
4(1
, in,
. 37
.1011
. HI
. (13 1, i
. 31
. "O
. IH'i
. lilj
. HHi
. in4
. 7.1 '$
43
37
274
Sh
10
M .
13
no?;
HI
York Itwy 10 '4
do pfil 3d iii
Wm Cramp t c 7.1
42
(10
107 1.
HH.
Ill
3.1
7014
1 I
14
no
10 ft
711
7s
( Js
27J4
1214
311
14 .
HI 14
8l.
y
n
41
no
HlH
tt
3(
HO
Yesterday's
I lid
40'4
Ml
37
1 11.1
81
!i:iu
7U'4
13J4
13 Vt
IIH4
Klji
7.1 '4
2?V4
4.1
nn
.iii14
1HW
84 li
Pi.
(1
43
8.11
I0j4
.10(4
Anked
42
Illl
n'i.i'4
Hi!.
in
3.1
71
1 1
14
illl
11
7H
78 4
434
30
II
in4
".
.,ri
no
H4
104
37
M)
LOCAL VUSIXESS GOOD:
COLLECTIONS IMPROVED
Cotton and Yarn Trade More Active.
Iron and Steel Trade Busy
Cotton and ynrn dealers Mill report
their business in a very satisfactory state,
nay It. O. Dun & Co. While sales dropped
off to some extent durltiR tho previous
week, business has again becomo more
active and a Rood volume Is reported.
Buying; to somo extent haR fallen off In
the hosiery line and somo grades of
carpets, but tho Unit goods lino Is very
active.
Tho -wool market Is still stronp;. Most
of tho mills aro well supplied with raw
material for present needs, but n they
anticipate u good future volume of busi
ness, aro still continuing to buy, as they
are looking for higher prices.
Collections show a little Improvement
In certain sections, but ns a wholo aro
only fair.
Tho Iron nnd steel market continues to
bo very busy and cxtenslvo purchases
wore reported during the past week by
local consumers, covering deliveries, ex
tending Into next year. Tho demand Is
brisk in all lines, and difficulty Is re
ported in ohtalnlpg material for consump
tion. Mills are operating at full capacity
and In many cases with increased output.
Tho demand for pig Iron continues heavy.
Tho electrical trado reports a satisfac
tory volume of business In household
specialties, with considerable Inquiry on
building operation work and somo good
contracts In hand In connection there
with. Tho stovo trade Is reasonably well
employed In Rtnplo goods. The anthracite
coal situation Is only fairly favorable and
demand, according to thoso consulted, Is
not what it should be.
Millinery houses report a moderate
trado, purchases being In small amounts.
Increased activity Is shown In ull branches
of the building and contracting line, and
as the woather conditions Improve It is
believed tho general conditions In this line
will bo much better than for some years
past.
An Investment
Involving
$4,875
We have selected five bonds
ranging in price from 864 to
102 which in our opinion meet
the requirements of true invest
ment. The purchaser of these
five bonds would get an income
averaging about 5.33.
Full details regarding this care
fully prepared and diversified
investment offering will be sent
on request for Circular Letter
No. 346.
WiIliamP.Bonbright&Co.,Inc.
MORRIS WISTAR STROUD, Jr.
Manager
437 Chestnut St., Philadelphia
New Tork Boston Detroit
London TarU
William P. Oontrlcht ft Co. Bonbrlght 4k Co.
5fEl Vtjl.TTS
f
niw ni 1 1 1 8 I ZlA H R f V
-sSlMili
kl
Harrisburg Light &
Power Co.
Lst&Rfdg. 5'o Bonds
Due August, 1952
Trice on Application
I
sss
i
J, K. itlce, Jr & Co. Buy & Sell
Aeouan Weber Piano & Pianola
Victor Talking Machine
Inqumes Invited
J. K. RICE, Jr. & CO.
Phones 001 to 4010 John. 30 Wall St.. N. Y.
PntECTOBV OF ACCOCNTANTH
CtrtUUd 1'uliUj AccoontauU
,.,. AWitENCIS B. HKOWH & CO.
iih BEii, estatb mmxuwtmHm,
CUT IN RATES DID NOT AFFECT
PHILA. ELECTRIC STOCK ADVERSE
Instead the Issue Moved Up in Trading on Local M
1 change Today No United Gas Improve- 8
ment Company Melon j
wna stronB and tho. trading in l(,.i i.M
war quite iarKe. Baldwin sold un ? VS5.
Shares of tho United Qaa TmiW
Comnany Bold down 4 befor? P?ytttW
spite tho coort o-trnlnw of lh f0"' '
in tho last fiscal year. hleh mn$
nounced late etrtav .wJ.ciL. W
Inrj earnings of 14.40 per cent ho
stock, compared with 14.22 rr U
tho previous j-ear, ' cea'-:i
For somo tlmo past rumors W... i.m
current In the Street that a J,l,.S
bo cut by tho company In the ?.WH
J"oi .to the 'sloc&J
"v "l HUC" action, however 1.,V
have to bo announced 60 days befJI T-
Stock of the Phlladclplila Electric
Company was ncfi adversely nffected by
tho agreement between tho company and
tho State Public Service Commission to
Klve cheaper electric rates, and Instead
It moved up a half on the Philadelphia
Stock Exchange today, and tho bulk of
the trading In any of tho distinctly local
Issues was In that stock.
It would naturally havo been expected
that the company's stock would case off
on 'Change In view of tho fact that the
earnings will bo cut down about $1,250,000
per year, that being tho estimate of tho
saving to tho consumers predicted by ex
ports. Tho loss of tho company Is Bald
to bo slightly moro than 12 per cent
Tho now rates aro effective on April 1.
lleforo tho close moro than 2300 shares of
tho stock had changed hands.
Elsewhere in tho local market condi
tions woro nlllet, the activity shown In
the trading yesterday not being carried
over to todny. Prlco movements, for tho
most part, wero Irregular. Following tho
lend In Wall street, United States steel
n.,i ..""' onu'
date of tho annual meeting, .ft""
linn tinw nYttlfAfl Mt .ir . .. ""a Uffii
meeting being May 1. nothir.- .n .PH.
kind will occur nt this tlmo. int..lT
In close toucli with the comn .;r,rt
fairs said todav Hint f,.mJ.?A
has been contemplated, nor has lh. - ln.
any moro capital T S.'E.
"" urae,
COTTON PRICES WENT OFF
AFTER EARLY STEADINESS
Somo Selling for Wall Street and
(. Liverpool
NEW TOItK, Jtarch 10. I3uslnoss was
fairly active on tho Cotton Exchange nt
tho opening this morning. Tho tono was
steady, March and May being down 1
point, with later months 2 to .1 points
higher. The buying was scattered, but
was especially good In October, one prom
inent Interest taking R000 hnles.
The actual source of tho demand could
not bo ascertained, however. Thero wns
Fomo selling for Wall street account, mid
Liverpool was thought to he a purchaser
of December. After tho call tho room
traders brought pressure on tho market
nnd prices declined 5 to 6 points from
tho start.
Liverpool reported advances of 1 to G
points, ns against gains of 7 to 10 points
looked for, hut this had no Influence ou
tho local situation.
It wns bolloved on the floor later in
tho morning that largo buying by ono
prominent trader of October was for tho
account of a well-known Wall street
houso which was a seller late on Thurs
day. Thero was no evidence of continued cov
ering by the Important operator who was
credited with taking 15,000 hales for July
In the last half-hour on Thursday. Tho
greater part of the cotton on this trans
action wns supplied by spot Interests.
NEW YORK COPPER MAntrt
NEW TOItK, March lO.-Dcalln, '3
largo, but prlco changes were within J(
narrow range. Sales nn -w..,Wa V
21,000 bags. ""
TS5f.t8 T"!Mi
's.in SiJar i
h hi IMV?.M
M,,.h ., SRW
... r.iii
dpTll
Jlny
Juno
.'lily 8.111
AUKUSt tB.ar.
September ft.m
"ctolier 8.H()8.23
November H.ao
December . . , . , h.uh
.Tnnuary fR..l,l
February T8.I0
Hid. tOffercil.
Yes. close. Open. IIIkIi. Low. Cloe.
Mnrcll .... 11.71 11. 72 11.72 11. 1", It.lir,
.liny 11. im 11. no 11.04 u..sn ii.rs
July lll.OH 12.1(1 12.12 11.911 12,nil
October ... 12.21 12.2(1 12.27 12.lr 12.111
December. . 12.42 12.14 12. If. 12.33 12.3H
January... 12.411 12.no 12..10 12.4(1 12.4."
Spot 11.00 11.00
Liverpool Cotton
LIVEItPOoli, March 10. Spot cotton
was dull today at an advance of 5 points,
on tho basis of 7.81d. for mid-upland.
The sales wero 4000 bales, Including 3000
bales Amerlcnn. Tho imports wero l'J,
000 bales, Including 2000 bales Ameri
can. Tho market for futures closed
steady at a net mlvanco of 3 points to
a decline of ', point.
Liverpool Cotton Statistics
LIVERPOOL, March 10. Following are
the weekly cotton statistics, figures In
bales: Imports, 1G3.000 : Americans. 128,
000 ; stock, 92G.000 ; American, 66,000.
Forwarded, 91,000 ; Americans, 70,000 ; ex
ports, G150.
LIVE STOCK QUOTATIONS
n'"V.ll
K.20SM1
8.23M,
N-289.:j
8.37.Jl
CHICAGO. Mnreh in. ltntlsn.-i
nou. Market l.nirnasc. hlirher. iiiV.4' !M
butchers. HMO'itHO; Rood heavy. TififioT..
rouKli heavy, Sli.4nl..r,n. Ileht. Jo sjoSj?
piss, i7.n.-,(fn: bulk. Jn.70ifhi.or,. ,u-3il'.M'
. CATTI.Il. necelma, 13,(100. Market slrnirf
L,,i '.' .' w -', iwwn UIHlnuers, J3.7SB
JO.IinWH.IlUi calves, jowu.as. '
. n iiririi'. ueceipts, iu. Mark.t .1.1
ti'lau "eaMn- "Btt.7Si imW
7
Commercial bar silver In N'ew Tork u
ciunted today nt (l(l4c, uncharted 1
Har silver wns quoted In London todar t
27 pence. A
1
West Penn Power Co.
First Mortgage 5 Bonds
Due March. 1913
Replacement value of propertr esti
mated to bo larccly In excess of bond
Issuo.
Net curnlnKH about 21i times bond
Intcroit.
rmcu to YiKi.u aiiout
5.23
Free of Pcnna. State Tax
DKSfitifTivn cikcui.au on
iikiui:.st
Harper & Turner
Investment Bankers
STUCK r.XCIIANdi: IIUII.UINO
I'hllailelnlilu
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., Iloston, Mass.
AUGUSTUS T. CLARK - Treasurer and Director
Treasurer, Tho American Circular Loom Co., Boston, Mass.
D. L. GOFF, Director
President, D, Ooff & Sons, Pawtucket, It. I. -"
President, Royal Wcnvlnsr Co., Pawtucket. It, I.
JAMES B. ETHERINGTON, - - Director
President ot tho Campbell Magnetic Zlno Co.
M. B. RYAN irector
Capitalist, Drldgeport, Conn.
The affairs of the Company aro in the hnnds of Voting Trustees
which will insure tho continuance of the above management.
Tho Zinc Concentrating Company owns fundamental patents
covering the Etherington-Singer Non-Oxidizing Roaster and the
Campbell Zinc-Iron Separator. These patents control tho "Camp
bell System," which is the only "ono giving satisfactory results to
the 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 we 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 bq had upon applica-
lion to j
C. R. BERGMANN & COMPANY
INVESTMENT SECURITIES
66 BROADWAY NEW YORK CITY
Telephones, Rector g
Home Owners 9
OpPOrtUnitv! r-THB UOimiS PLAN of Loans and
vtuikuuitv, Investments Is the Ideal means ot rais
ing funds to pay taxes, mortgage Interest or to
repairs.
Loans made at business men's rates. Repayment
easy. Oyer 900,00O In loans, averaging 10o, already
paid out.
Supervised by State Banking Department Details
on request.
PENNSYLVANIA
LOAN COMPANY
1507 Arch Street
lOVia J. KOLB, Prea.
UOWABD B. UBHRY, Y. J?rW.
ft. f,EQ UVNTt V. pre od Trta.
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