BVlSNINa LTiiT)tH3K--PIIILADBLPHIA, WEDNESDAY, MARCH IS, 1016.
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FINANCIAL NEWS
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MOVEMENTS OF PRICES MIXED;
POOLS AND PUBLIC WERE ACTIVE
Numerous Stocks Reflected Realizing by Strong Inter
ests, While Others Advanced Specialties
Moved Up Without Trouble
High Point 8 in Today's Financial News
Reading and Lehigh Valley declared regular quarterly dividend, the
former & per cent, on the common and the latter i! l-'Z per cent, on the
common and preferred. Rock Island 5 per cent, debentures extended to
April IS. Protective Committee formed for Missouri, Kansas and Texas
Railway of Texas 5 per cent, bonds. Lake Torpedo Company decided to
sell 10,000 shares of T per cent, cumulative preferred stock. Llcclnc
Storage Battery had good year, earning 7.0 per cent, on common stock,
against 0.1 per rent, last year. February cotton consumption larger than
last year. Demand for pig iron and steel sheets large.
New York Bond Sales
Utah l.w. Close.
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Boon Amer Tel rlt An.. .91.. .1 l'
3MIIUU Atner Tel tvt !
liiiinn Armour Co 4U
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nil ink
Tllon Atfhlnnn irMi tfl . . 114 114 '4
Biimi Atrhlnon ndj 4 . ,7'l '
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noon At inn Co I.tne I at l l- I
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Sinm Cent 1-enthrr In I . loljj IJJlJj ' '
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limit rent; H V ,t Bi 1 IT 4 MJh l"ft
ll.Vin t'hlll Conner 7n., HUH IW't '32
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NKW YOIIK. March 1G.
Mixed price movements marked today's stock market trading. Pool itctUitlcs
ttnd Increased public liuylng mrtdo many Isstioi Htronif, whlto numcioiis Htuokn
reflected reallzlns by stroiiB Interests and lchicil; sonic ssiirn advanced. Utile
attention was pntd to tlio recessions, as they were- considered natural In a bull
market, but tho movements to higher prices were regaidcd ulth n-onr-ntl sat
isfaction. nehdltiB was bought by room traders during the llrst half or the d.tj on tho
confident belief that something would bo announced at the directors' incctlnp
and after It was nnnounccd that tho only nctlon tnken was the declaration of
tho regular dividend tho stock acted well and Its miction wnS no greater than
occurred In other Issues after early ndvanccs
Specialties wore moved up without trouble, Cuban-American Sugar gaining
moro than 20 points, but IJctlilelicm Steel was without urgent demntuK which
wa In evidence prior to the closing of the books. In the last hour tho Mexi
can group became most prominent, with aggrcsiKo buying forcing gains In Mex
ican Petroleum. American Smelting and Southern Pacific. The advances In these
Issues wcro without Influence on tho rest of the list.
Pronounced Interest was attached to the demand for Westinghouse. It has
long been Insisted that this corporation should benefit more than any othei
from wnr-ordcr business and Important financial Interests look foi much highci
prices for this stock.
Tho St. Paul nnd Cameronlan, which arrived jestciday, are s.ild to have
brought In tho largest consignments of foreign-owned securities that hus ever
arrived from nbroad In n single day. There was some selling of the securities,
but tho way In which tho market acted Indicated clearly that the accumulation
of foreign stocks must Iinvo found permanent lodgment In some way without
regard to. denials by bankers of reports of such arrangements.
Rock Island 5?n Bonds Extended
Interest duo January IS, 1016, on the 20-year G per cent. Itoclc Island gold
debentures not yet having been paid, tho commlttco has arranged to extend thu
tlmo to April 1C, 1916. within which any holder of a certificate of deposit issued
under the deposit agreement of July 13. 1915, desiring such advance may obtain
nn advance of tho amount of Interest, payable January 15, 1916, on the debentures
represented by his cortlficnto of deposit. Such advance will constitute a loan to
such certificate holdcrn, as set forth In the deposit agreement, and will bo
mado on tho terms and In the manner set forth In tho committee's published
notice of January" 15, 1916. The acceptance of such advance will be optional
with certificate holders.
CHICAGO, March 1G. I'cder.il Judge Carpenter will take up the ciucstlnu
of the Chicago, Rock Island and Pacific Hallway Companj's dcbcntuic Interest
on Friday. Receiver Dickinson has filed a motion for leave to file a petition
for authority to Issue $1,494,000 certificates.
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Protective Committee for Missouri, Knnsns nnd Texas 5 Bonds
A Protective Committee for the Missouri, Kansas and Texas Hallway of Texas
first mortgage 5 per cent, bonds has been formed, with Jules S Hache. of J. S.
Baclic & Co, as chairman. The other members of the committee are I-"roy W.
Baldwin, president Empire Trust Company of New York; George C. Van Tul,
president Metropolitan Trust Company, nnd Valentino Snyder. The Umplie
Trust Company will act as depositary for this committee.
Lake Torpedo to Sell 10,000 Shares of Preferred Stock
BRIDGEPORT, Conn., March 1G. It has been decided by tho Lako Tor
pedo Company, of Maine, to sell from tho company's treasury 10,000 shares of
7 per cent, cumulative Jlrst preferred stock, which has a par value of $10, and
to giva stockholders of record March 10 the first right to subscribe at par.
NEW YORK STOCK SALES
Lait close IIlRh. Low Close
Alaska J Gold M . 10 OH flJt 0'
Alaska Gold Mines. .. ".Mi 21!i 20s-! r0?
Ann-Chalmers Mfe... .'12 3.1! :J2JJ 33,
Allts-Chal Mfc pf . . 70 81 80H MM
Am Ac Chemical .... 09 003 i dO 00.
AmBeetSuear 70K TSK 7151 72)4'
Am Can 02h & 02h C2M
AmCanpf .... llli 112WII2 1125J
Am Car & Fdy . .. 74S 74H 72, 7JJS
Am Cotton Oil . &4U 55H frlM 55h
Am Cotton Oil pf 10IW 102 102 102
Am Hide & Leather 10M 10 10 IOJi
Am nide L pf GO 50i GO GO
Am Ira Securities ...30 20h 20JS 29H
Am Linseed 22 22 2W 21U
Am Linseed pf . 41JJ 41 10H 404
Am LocomotlTB .... 81JJ 82 81 Sl'i
Am Locomotive pf ...103JJ 1031i 10.W 103!i
Am Malt Corpn SU' Sh Mi S3S
Am Malt Corpn pf.... 35U 33K 35'i 3GU
Am Smelt i Rf 101 103U 10Ui 102M
Am Smelt & Ref pf...ll2J. 112;i 112Ji 112i
Am Smelt pf A 0:iH 035i 03M 03i
Am Steel Found r to... G5 Gil GGH G5!i
AmSucar lief lOS'i 100K NfcH 109
Am Suear Kef pf 110 1I5M 115i 115H
Am Tel & Tel 123 129JJ 129f 1203J
Am Tobacco 10SK 108 107H IDS
Am Woolen &1 53'i 63H 63U
Am Woolen pf 101 09J 09 D0JS
Am Zluc L i. Sm 8G) &0 85H 87JJ
Anaconda Cop M ...83 88V 87H 87Ji
Associated OU 67i 7Ui 07 70H
AtchTop &S F 101 lOHf 103H 103'S
Atch Top & S F pf..U01K 10014 lOOJa 10OH
AU Coast Lice 110 111H HI 111H
Bald Loco Wks U15f 112H 110H lllii
Bait & Ohio ......... SSJf 80 bO 80
BatopUas Mlnlns 21 i "2H 2i 2l(
Bethlehem Steel 540 G20 517H 517H
Brookljn Hap Tr &5H 85H 85), 853f
BronsTiBR seo... lOtf 10H 10 10
Butte & Superior 04 Wi 0.1 OJ'f
Cal Petroleum 21H 2.MJ 2-1J-J 25
Cairetroleum pf W Si G4 SGI 5
'Cinadlan Pacific 167M 16S5i 16SU 1G81J
Central Leather 54H 55 MH 54Vi
Chandler Motor 04 03J OJH 03a
CnesAOhlo 02Ji IBM C2K 02Jj
Chile Copper 22)J 23 22JI 2J
Chlnp Copper 65 56) 55H 65
ChlcaEO at Western... 13 13!, 131f 13H
Chicago Gt West pf ,, 30H 37 3GH 36H
CMMU&StP 05 06Jf 05 053
Chl MU & St V Pf .. 120H 129H 120Ji 129M
GGCAStL. ... 40 44 44 41
ChliKotUeatera.,,126)f 127 127 127
thtRI&Pac 17 18JJ 17 18
Col Fuel & Iron.. .... 4ti 47 4B H0
Col & Southern 20M i7 27)f 27K
Comp T Ilec Co. , 45M 45H 45H 45)
Continental Can . , 85H 8D( 84 &
Continental Can of , 108 110 110 110
Consolidated Gas . ..130 138H 13Sf 1304
Cora ProducU Ref ... 22H 22 82) 22).
Corn Prod Bef pf 00 08H 08M OSJi
Crudbte Steel.. ...... 03)a 04JX SUf 93 W
Cractble Steel pf .... HGJi 11 Sir 117 118U
Cuban-Am Sugar . 2tft 235 221 225
Cuban-Am Sugar pf .100 105 100 108
Delaware ft Hudson... 150H 153 151H 152)$
DlstUl Sao Corpn . 4S)j 4S) 47 47
Dams Mines 25)j 25 25 25
Eite 37)i 38H 37J. 37Ji
Site Jit pf KM 63J( 63)i 53
Brte 2d Pf . - 451$ 40 45)f 40
Fe4 Mln & bin pf 53J,' 63) 63 53H
(Ha Chemical 310 310 300H 31U
General Klectrlc . .17JH ITi 160H 170H
Goodrlra B V . . . 73)a 76 73Jf 75H
aranbxConsol 02X 93 0W 03
Orecne-Cananea ... 40)f 605 f 49H 60H
Oreat Northern pf 123H 123 122M 123
a H cfi fcr ora prop. . 45H 40H 453- 45J
flBjSntelm Eapui .. 21)1 2t 20J 20i,
Int Agricultural 20M 20M I0)f 10)
1st Agricultural pf 004 60W CO 00
UaC&oCorTtesh . 17 17)4 17 17H
in Coa Corp pf 73 73H 73H 73H
m Paper .. .11 11U 11 Uh
kt Paper pf .- -.48 iHH 48 48
5ConCop. -.47 48i 47 4SH
ItKkil tck .. 4&Ji 40)1 4y 48X
JatMSIcoldp ..17 17)( 16W I6)i
l&UUfttot dp. 71M Ti 69 7lf
jjsrf T Co las . 724 73 m 71
KM tr outliern 27). 2?i 37 27
XHIf epMBgM Tti LV 73 74. 75 i 74
JatWs:iM Cfewr 4fr S7 Zfitt 5bt
8 i H s a -a 4.
twotvftr rm ia 4 v&n
f.ast close IlUh I,o Close
Lack Steel Co 70)' 81i 70!j 80'i
l Kubtier Tire GlJf 31s. 51 Gl'5
I-eliish Valley . 79 SI)1, 77'f 70!f
I.lssett A. Myers pf 122 12 120 120H
I.ooso-WllPS Uis 1st pf. 80 80 SO 0
Irillard P Co .1J7 19S 107 197
Lorillard I Co pf 120 120 120 120
Louis A Nah . . 14 12G 1.'.", 125
Maxell Motors r,i W, it.' O-'Ji
Mai Motors 1st pf . 85 5 85 85
Max Motors 2d pf . 17 401' 40 10
Mexican retroleum . .1027 111) 10,1. 10J,
Mex Petroleum pf . M 100 100 10")
Miami CoDpi-r . . 311'f 37 JOTS 37
Missouri Pacific ... 5 G'f 5 G'f
Mo Pac tr cfs .. 5 r,H li UJ
Montana Power 701$ 70 70 70
Nat Cloak & Suit 73 72'f 72) 7.)(
Xat Cloak i Suit pf lOi'i 110 10") 10')
Nat Enam A, 8 Co. . 27 27J 27 27
Nat Lead Co r,7Ji os 07)5 07'j
Nev Con Cop ... 10 13JJ 1GU 1GJ,
Ne- York Air Brake UWi HOVj 140X 11') i
N Y X II A It ... 07)j 08 (17 (.7
N V C i II II . 10(1 107 laj'j lltt'f
NY Chl A St I, . . 37s 34!f 3I' ,11'i
N Y O A West 28' i Jh 29 2J
Norfolk A Western iij)i 12)TJ 119). iJinf
Norfolk A West pf ... 85) J SH', 81X 85'.
Northern Pacific ....114H 111). Ill 1145!
Old Dominion Co . 72)4 70S 701 70'a
Ont Silver Mln . . 7 OJi li); fl'J
Pacific Mail 20 27i 25lj 27
Penniyhania It It . . 57Jj 67'. 571S 57U
Peoples Gas Chl . .105'J 1()5'S 101 104
PhUadelphla Co . .... 4 j)5 4 1' ui i;t
Pitts Coal Co N J . 291? 2')!i 2S 20
Pitts Coal Co N 1 pf .101), lOHi 101 101
Presvsl S Car Co . .. 57)f 57Ji 57U 57'i
Pullman Co 163 10,1 I02)f 10-Hj
Quicksilver pf (Uj oj$ oij m$
Hy Steel SP Co 41 43 42if 42'S
Hay Con Copper .... 21)i 21) i 21 2I)f
Heading 80). S9)J 87 88
Heading 2d pf 48 40)i 451 40M
Republic Iron- A 8. . . . 51 5Uf 53 63)j
Republic I AS pf U1H lllh Ul)i HIM
Hock Island , . , h H ii H
ht h A 8 P 2d pf .. . 4". 4U W 4).
Seaboard Air Line ... 15)f lMIj lfW 10f
Seaboard A Lino pf... 30lj 37 3ll)i 37
bears Roa A Co . .. .170 177 177 177
fahat Arli Cop . , , 38 aS)f 37?f 37!f
faloss-Shef S A I , , . G81f 59 58W flb)j
Sloss-Sheff S A I pf .. 071 DSM 08) 08),
South Porto K Bug . .181 185 18.J 185
South Porto R Bug pf.lOOlj 113 113 113
faouthern Pacific . . mn ioo)i 09) U9.
Southern Ry 21H 21)f 21 21)$
fsouthern Ry pf, ... 5'J!( 69M 69Ji 591j
Standard Milling pr , b0) 87 87 87
Studebaker Co 147)i 148 l40) 14iH
Studebaker Co pf 114 IV'ii 112' 112)i
Tenn Copper 58 58), 57)f 57)f
Texas Co ,107K 201H 107H 201
Texas Pacific 7 8)J 7JJ 8
Union Bag A Paper ,. 8 8M 8 8
Union Bag A P pf,.., 3J 3JK 3l)j 32
United Cigar Stores .. OH OH OH OH
Union Pacific .,,,.f,,131 134 13t 131H
Union Pacific pf 83H S3 8.1 al
U S Ind Alcohol .,,151H 160 152JJ 155U
USC I P A F. ..... 21H 25U 21H 21Ji
U 8 C I P A F pf...51 52).' 51)a 524
United Rys Inv Co .. 14)f 161, 14U 15H
Un Rn Inv Co pf ... 30 31H 29 31M
United Fruit 144H 147H 145 110
US Rubber 52)f f!),' 63 6J)i
V S Rubber st pf . 108 10SH 103) 108),
US Steel Corpn ,.,,, 80)1 6GJi 80 Si
V S SUI Corpn pf . .WU inn lief,' Ji7)i
Utah Copper 82)( 83H 83 83
Va-Caro Chem 6h 47)S 48H 47U
Wabash 14)f 14lf 14)1 14),
Wabash pf A 44 4 m 43H 43).
Wabash pf B, . 27K 38), 27)f 27H
Wells Fargo Exp ..125 124K 121), 12D
West K AM ..60), 71H 00) 70)
West E A M 1st pf . 77 70 78)i 79
Weatera Maryland 29 324. 28ii 30H
West Maryland pi... . 44) . 46) 41 45
West Union Tel .. 00i OQJi OJHf WK
Wulja Orerland ..235 236 235 235
WlUjni O pf a r f p 105M 105JJ I05 105JJ
Woolworth V W . ISO), 123 120H 12).
WoohoUi F W pf J24), 124) Ul ii
Qioiea M dliWn
Total fcult. SS8.5CO shares, tomjured wllU
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Financial Briefs
Kclwanl II JIorRun, 1, H Duncm,
Itoliert D. Flood and Ilownnl II
Kchmcltz hnxo been elected members of
tlio ChkjRo Board of Trnde
TI10 lion Trade IteUcw will say to
niorrou "Manufacturers tepoit tlmt
Ihev could be ready on nhort notice to
begin inunitloii work for the United
Slates A tremendous demand for plB
iron continues in all sections of the coun
try. 1'riee.s of all Krades mo hardcnlnK
In the eastLrn, southern nnd central west
ern terrltorj That several leading manu
facturers of steel will he forced to enter
tho market for requirements appeals
likely.
Ranks In New York lost to Subticasury
jesterday Jl, 273.000. and since Friday
last $7,530,000.
Tho Baldwin Locomotive Works has
received orders for the follow Ins locomo
tives One 2-'J-2 tjpo for Industrial Lum
ber Company, one consolidation type for
Sierra Railway ot California, ono 0-0-0
type for Sun Company, one Mikado type
for Ilumburtl Lumber Company, ono
2-6-2 tjpe for Mcllcn Lumber Company
and ono 10-vvhccled type for Union
Cj press Company.
Announcement Is mnde that the net
earnings of the (Julf State Steel Company
for the month of February wero 1127,
"20 31. nnd tho total for tho two months
of the current jear was $210,193.00.
Tho usual htiniannual dividend of 2 per
cent, on the stoik of tho New York nnd
Harlem Railroad Company will be paid
April 1 to holdeia of record March 23.
The I.a Uelle Iron Works repoited for
the vear ended December 31 surplus avail
able for dividends, S027.875, an Increase
over 1914 of $051,630
In January tho Chesapeake and Ohio
Railroad Company curried 2,214,471 tons
of coal, an Increase of 552,801 over a
year aco The tonnage ot seven months
Increased 2.423.3J9 tons.
Anglo-French Loan 5s and Westing
house Klectrlc convertible 5 per cent is
sues were the features of today's New
York bond tuurket The former, although
tleady, selling fiom 94 i to 91, v.ero
taken in big lots Two blocks of $100,000
und one lot of $140,000 changed hands at
91 H. last night's closing price. Westing
house convertibles were In demand, and
sold to a. new high record for this year,
140'3 This Is an advance of 1114 Per
cent, over last week's closing quotation
Ten shares of the common stock pf the
Victor Talking Machine Company, offered
at auction today, were withdrawn from
sale after 915 had been bid. The stock
was offered at auction a week ngq at 890.
Moderate advances ruled In the auction
gale 017 securities today. Shares of the
Industrial Trust, Title and Saving Com
pany advanced four points to 176, Pennsyl.
vanla. Company for Insurances on Lives
roue live nolnts to 715, West Philadelphia
(Market Street) Passenger Railway Com
pany advanced 4',i to 195H- John a.
Stetson Company common sold for 389,
a decrease ot HV4 points.
Liverpool Cotton
LIVERPOOL, March 15. Spot cottpn
today was in fair demand at unchanged
price on the basis ot 7 S6d. for mldup.
lands. The Bales aggregated 10,000 bales,
Including 8000 bales American. The im
ports were 10,000 bales, all American.
The market for futures closed quiet at a.
net advance pf 2405V, points. ,
KlfPlPi
;v' ; -- . . . - - - 1"-
1
.
V
Vir v
Ks x"
Georgia, Carolina
& Northern R, R,
1st Mort. 5 Bonds
Due Jul, 1929
Frl n Application
rrv ritVA'iVrarSVN
mm 5rjfli.
1 ra ,1 t. r n i lu &
I
SS9
OUTSIDE MARKET .
CONTINUED ACTIVE
Many Issues Reached New High
Marks Oils Strong
in Spots N
Sales in Philadelphia
IS All-crmln,
100 Am t.oco
100 BId toco
14,1 J O Drill
20 Cum Iron
HO Cra Sleel
NflW YORK, March IB. While specu
lation In the market for outside necurltles
today rontlnued rnther active In spots In
Rome quarters, dealings BhowctI a falling
.IT firm recent averages. Renewed
strength set In nt thV outset, with several
high marks being reached, nnd In one on
two Instances tnc navniices were sinrp.
I'hevrolct Motor continued Its sensation
al rise, advancing nearly 10 points to a
now high mark White Motors, Saxon
nnd Peerless wero nil sold materially
higher.
Culm Cnne Sugar moved up to a new
high mark nt an ndvnnce of nearly '1
points Midvnlo Steel was fairly active,
and, nfter 1111 advance of t5J, cased ofT
sllRhtlj St Joseph's Lead was In good
demand, nt nn Improvement of nearly a
point, due to the further ndvnnccs In thu
metal
OH slocks wcto strong In spots, especial
ly Stiindnld Oil of Indiana and Ohio Oil
The lower priced Issues showed the usual
nctlvitv. with small thnnges.
Copper stocks were dull nnd somowhnt
IrioRtilai Honds were almost neglected
IlALTIMORn, March 15 Moro than
$180,000 of tho first mortgage 0 per cent
bonds of the Sapulpa Refining Company
were redeemed at par nnd Interest yes
terday nt tho nqultnfito Trust Company
This amount leaves hut $20,000 of the
original Issue of $200,000 outstanding
Thcj have been called for redemption nn
of May I, but the holders nro given the
privilege of receiving payment for them
beforn that date After May 1 tho bonds
will cease to bear Interest, Out of n total
Issue of 5350 000 prcforrcd stock, all but
$17,000 has been converted Into common.
mil
rtenernt Atnlmlt .
Aetnn Plows .
Amerlenn-nrllltli .Mfe ...
All C.ulf f, IV I 8 fl ....
do pref
Amerle m Marionl . .
AJne Iliiliber Ine w 1
1I0 pref . .
C-innrtlMi Cir & foundry
Chevrolet Motor
11 Cn
n Cb
'UC
Bteel ..
K Ohio
stormrc.
Rich.
M
M'i
lll'i
41
11
sin
n j w
rn
m
.is
71 '4
711
Low. Clot.
33'S 33'1
37 V,
"Oil
'. IS
. 31
",.
704
. S5
(17
.100
lll'i
17
.140
. It
. II
. 'jn
17
. Its
Asked
.1SV,
ii
s
.11,
,iS
71 S
I'll
. OH.
. 0J
. m
. nn.
. U74
.no
. in'1
'"
:aV(t
: Sji
: !
. i'
enr
Culinn Cone Hurar . .
Curtltt Aeropiann
DrlBKt.Henluiry ...
Ilmerton I'honoitrapli .
lliii-kell A llirker Cnr ...
Ilemlcp Mnnufiirturlns ..
Inter Mer M irlnc . ...
ilo pref
Kiillniilton llronzo pM .. .
Miintuittnn Transit
Mnxlui Munitions
MldMlle Steel
otlt Ceviilor
Olto i:itenlohr w I
do pfd
Peerlett Motor
Pool" Cnic & Much . ...
SI Jotppti I.eml
S S KrrtKe v, I
Sliimlnril Motors
Siilminrlnn lloat v t r ctft
Trlanule film v t ctfa .
Culled Crntlt Shnrlnz .
U 1 l.lubt & Heat .. .
do pref
U Mile Motor vv I
World Cllin
STANDAUI) Oil- HL'HaiUIAllinS
Illinois ... m?
Ohio Oil -J'
Mliindnnl Oil of California "m
.Slandanl OH if New Jertej . . . .r.jn
Stnndant Oil of New York .. .JC!
OTIIC.rt OIL STOCKS.
Ilirnelt OH tl '
Comlen OH "i
Chalmers OH ..
Houston Oil IiVj
Mldivitt Ttennlnc n
Sapulpa It's
MININO STOCKS.
All intu
Cerro
llulte C . V t 1 tft
llutto ANY
Klrnt N Ulonal Copper
iloldtielil Meruer . . .
Ilec In Mining . .
Howe Sound .
Ilm Huller . .
luuibo extension
Vlnifmu. ?nnlier . . .
.vleKlnley-UarraBli ,.... 40
vilnt 01 .vmerica
Nlplttlne Mines Co
.San Toy . ..... ..,
VV'eat I. nil Consolidated . .
IVeet Knrt Extension ...
Kenn.nc . .
I'errii de Pasco lis
llrle in . .
Mlihlile .'a . . .
17
.IS
lll'i
r.'
87
Sll
17'i
; os
. 1
. 14 .
.lin
. 87".
. DO
1"-.
rtl".
r,2
141
u
41'i
JS
17.
71
'J I
:
OS',
ill
no
i"1..
as'i
lar.
in'4
la
n'i
3S
3t
s$:
,-,
i;
1R1
J17
H
10H
(.0
13
IK
,1S4
;;:
13 .
US
,v&
,t
l.4
IH
70
14'i
lift
M
OUU
LIVE STOCK QUOTATIONS
IIIICAOO. March 15 HOGS Keeelpts.
10 0110 Market AfltUc '" ,er Mixed and
hutrliert. I 31 U si. b;oiI .heavy. III Huil
11 si roimh nenw 111 'joiftli fi 1. IIrFiI. Ill iuw
11 Ml plKt 17 s-irR no, hulk tl) lllllll so.
CATT.I.I3 Iteiilnts, IT, 1100 Market ateiidy.
IleecH. M 7.14PII 1H i-owh and helfprn SI71w
H llll ttorkers and feeders 15 75WH. Texuns,
7toS 71 iiilvea. Il)10 7.1
HIIi:i:l' Itccclpls. IROOn Market steady,
10i lower Native and Wialern. SI SOWS. "j.
lambs in aoam ID
NEW YORK BUTTEK AND EGGS
NEW VOIIK. March IS tlUTTKn Mod
erate receipts and fairly attlvo buylnK. prices
Vj lent hltther 011 nearl all irrades Hecelpts
Mil) packusea Cxtru rreatnerj, 30V4W:i7r ,
hlnher arorlnir 37V4M3M , Htajo dairies, .r.'x
itmr . Imitation creamery. -.I'to'-'ile
IHiuH Market steady, nittvu and receipts
iliarlnic promptly at hlkher prices Ileielpts.
in 017 cases Kxtra nrts. i3e , llrsts. l"J4(i
J-I'ic, white ckbs, iSW.'Uc , browns. Jlifilc .
mixed, 'JJW.'Si
RATES FOR MONEY
Ne York
Philadelphia .. . .
ltoston
Chli aao ...
Cmnmerclul paper.
tihl.i. JV.01 per lent
Call
. Ii(ff3
. 3H (I I
. :i
. 3'jCt
3 to (I months.
Time
;cti
4 uiv.
4 M4H
i'hlladel-
BANK CLEARINGS
Hank clearliiBs today compared with corre
sponuln day laMo eari.
Thlla .. JlO.rtOll.l'OS S2fl.047.4(ll J27.437 .113
New York sni.mio.lilt JH.l,s4l.nil 347.7m) -an
Ho. ton . till NS0,.S,ll L' 1.(11)3 IIS2 27..1NR.01U
Chtcaco U3.U0.' tU4 4H.U7J.3I1T CII.II3J Uli
Mellor & Allen
announce that
they have been appointed
General Agents
fo the
Provident Life
& Trust Co.
in
New York City
with offices in the
Singer Building
149 Broadway
The "Mellor & Allen"
Service
in Philadelphia
will be continued by
Rowland Fisher Mellor
under the title of
Mellor & Allen
at their old offices
709 Provident Building
4th and Chestnut Street!
Philadelphia
March It, lift.
j'K. Mice, Jr & Co. Buy & Sell
Aeolian weoer nantrttfianoia
Victw Talking Machine
Inquiries Invited
J. K. RICE, Jr. & CO,
Phone 1001 to 4010 John. 89 Wall St. K. T.
cmEcrour oir accountants
CcrlUterf FuUU AetcuaUcU
t vwuKr?K m nnnvuH a en ' '
SMI BJkUX. gijXXS mVBT iiUlLHIW.
.107 Illee
ItlO I.rlA
1101 lien Asphalt
loO do pref . ,.
flin rinru1Hh It V
411 int Co N Am ai;.
1 Key Tele Co I4t
loo do pref .. fin
!)." Kenno Copper rtfl.
IOJI Lake Sun Cor II
.1 lhlch N'av. 7(1
(lis 1ihlgh Valley RO
ill. 1 i.en vni 'ira
1 in do prer
r.r.,1 VA.. ...
I North Central RS
20 Norf & West. I2H
1 j (Norm renn . v 1
nil rennn Hall,
.lis I'enna Steel
ID? t'hlla n ,
lllll l'hlla niP
."4
Hl'4
41't
43
RIU
111
?Iu
14
nn
Net
chiro,
M
S
1- H
4- 'i
'i
A2H
lll'i
43 .
41
Sl'i ..
n2K 2
.. u
I"
,i ?i
381.
IT.
'i
73 4
S'
14
Itfi
io4 inJ Jt
71.. 7" ,
4
-'
K
:m a r
8
7JII l'hlla It T t
1711 Hep ir ti
in ill Iteadlntc .
lil 10 'Ton liel .
."ii Ton Mln
10 Union Trac
l.id u tl I
(,"0 tf fl Steel.
170 Went Clec
liny
pfil
100 York Itwy
)OUO 110
"I.xdiviued
7i
41 'i
ST
llli
54ii
81)
'1
(l
II Jl
70 'i
II
.17
71) M
N4
in
""
tin'.
11
.Wjj
n'
IIJ4
Will
;'i
to
11
37
m
Hi ,
17 '4
nun
H
VA tlU
HI. !
r.4 Jfc . J 1
SHji J-ltt
Mi t :;
nji '4
Wv, ...
M '4
70 t
II
37
Total miles, 111.012 linre. eomparil ullli
1(l,ni ahnres esterdal thus far this neek,
,13,111 shnresi same period last uetk, 23,01,1
shires.
ITOND"
HlBh
tlooo Am (I & 1; ,, 03"
loonn Maid t, l,i .1- tni'4
tuoo 1. N is 4'4s r nil
noon I'l Uen 4 '4s lOJ'J
4001) I'llll Co t. "is 04
,10011 do 1st lis lot
12II0II Phlla Klee Is SI
2IOK do lis 104
1 V W & II 4s imu
.'00(1 HUm! Gas lis 1)1) 1.
r Increase Decrease
Total sales. KID, 100, compared nlth S27.0II0
estenluvi thus far Ihls week, 1121,(1001 same
period last urek, $337,300,
Net
Iiiv Close rlijre
"3J. 0!f s
101 lilt
'"-. I"- I,
in'; 01 1 14
lot 101 . .
m m v.
toi 101 1
imu ntiu
1)0 44 0US4
Local' Bid and Asked
Itatilwin
Huff k hus t c
do pr
Ilrlll 10.
Cam Steel
Ktec Htorape . .
(Jen Asn . . ,
do pref . .
Key hel
do t n
ilo pref .
t.oko Hop Corp
I.eh Navl , ..
r.clitffh Ynlfey
I.eh Val 1 r .
ilo pref . .
PcmisyUnnla
i'hlln electric
i'nna co
do 3 ner rent
ilo II iwr cent, pref
Phlla II T t c
Iteudlnir
Tonopah llclmont
Ton Mlnlnu .
Union Trac
II 11 I
ir a Steel . . .
York Itny .. .
do pref
Wm Cramp t c .
Ex. dlMdeml
pref
Hid
to ,,
.VI
I.I
HI
lll'i
Hl'4
14 a4
llji
(IS4
IDi'J
73
71)
2.1
41
27-1
4.' "4
3D
41
111
KHlf.
Today
AsKed
Yesterdaj
11"
ll'j
1,0
41
ml.
111
37'.
71
in
(10 '4
111
7(1.
liVf,
27 1
ll'i
"..
,47
HI (5
HK
4 .1-111 "I 3-10 4
IP,
41
W'4
unit
lo4
S"4
un
44
Mi
Wl'4
11
37
SU
111(1
HI..
4lli
fill
n
Sig
.1114
14.
Oil
11)
71
7s
6V
37 S4
44
111
Ktl'-i
.1-10
Askeil
lll'i
IJ
no
14
lll'i
41
8t)'?
kii '4
lnTs
.1(1
01 J.
3(1'
71'4
15
'"'.
liD'i
11
711
7i) ;t
21 Vi
1 1 '4
M'l
41
40
'"'.
lll'l
'iu
4i""
ii
8(1 4
11'.
37
FOUR TO EIGHT-POINT
ADVANCES IN COTTON
February Consumption Figures Below
Estimates
NEW YORK, Jlrtrch 15. Business was
comparatively Binall on the Cotton. V
cliaiiBe this mornlnB, with supply cotiilnir
from iili.it wat lielteied to be forelgp
souices The demand was scattered.
Consumption flRiires on l'ehruary wero
below tho prciallliiB entimatea on the
floor, and although somo Interests pointed
out that the total way larger than that
In January, a lonscr month, there was
considerable hclllne after tho call on
what some termed tho "dlsappointlnc
Htatemcnt," with tho result that prices,
after opening 3 points higher on May,
July and October, fell C to 7 points. De
cember started 3 points lower and held at
that leicl. while the other options de
clined The first tone was steady, but tho
market became easy almost Immediately
Later the market became more acthe,
with oiery Indication of a broadening
Wall Street Intel est. There seemed to be
some Southern selling on the advance,
and prlatelres suggested rathoi a re
actionary feeling In New OrlcaiiH, but
offerings here were readily absorbed and
the inoro active months sold nbout 4 to 8
points aboe last night's closing figures
after midday.
SLIGHT IMPROVEMENT SHOWN
IN THE LOCAL MONEY MARK
v
While It Is Not Great, the tendency Is Toward
terment Many Stories in Street to Account
for Strength in Reading Stock
There ts some slight Improvement In
tho money market In this city. Bankers
say that while It Is not great yet. there
Is a tendency toward betterment. This Is
In part sympathetic with conditions In
New Yorlt, although the larger amount
of money needed to carry stocks and the
purchase of raw materials has nlBO helped
In Improilng conditions.
Very lllllo has been doing In the com
mercial paper market In the last two or
three days. Banks at present, It was,
pointed out totliy, have about all of tho
paper they want around tho 3 per cent,
rate which Is generally now rtillnir. and
tt,o itlnf In Hint rates will work better
In tho near future.
Adilces from .sew V'ork said that after
the extreme narrowness of last week tho
market for prime mercantile paper there
shows a slight broadening In character.
The offerings of ory choice paper nro as
limited nn heretofore, and bankers and
trust companies hato been and still nro
holding back from any other material In
tlio hope of forcing higher rates of dis
count. Tho supplies of money arc still so
niuih In excess of tho demand that they
hae not succeeded to any npprcclnblo ox
tent As for some tlmo past tho very best
paper Is readily taken at tho minimum
of 3 per cent. On other than this gilt
edged class tho rate now averages 3U
per cent In tho country the aierago
flguro Is 3U per cent. All reports from
business quarters are moBt oncouraglng
Tho most Interesting thing on tho
Philadelphia Stock Exchange today waB
tho upward movement In Reading, which
rose moro than 2'a points beforo noon.
Thero were many rumors going tho rounds
to account for tho strength In this stock.
Tho Street had a report that the Heading
was buying, or wan about to buy, control
of tho Western Maryland, and on this
report Western Maryland stock sold up
3i In Wnll Street. People who are gen
erally well Informed on tho affairs of
tho Heading placed very llttlo faith In
this report.
Tho general inclination of tho Street
seems to bo that tho real reason for tho
adanco In Beading was the segregation
of tho company's holdings a story that
has been going the rounds for several
Yes close Open Hlch Low. Close
March .. 11 H3 11 HI 11.811 11.8(1 11.80
Mn . UOil 12 01 12 0S 11. 8H 11.1)0
July 12.18 12.21 12 20 IJ.07 IJ 10
October 1-' .14 I-' :l 12 .1(1 12.20 tj.20
December IJ .11 12 17 I J 40 1.' 31 12 3d
Jaliuao 12.110 12 .11 IJ 3D 12.48 12 48
hpot ... 12.00 . .. ... 11.1)5
BAR SILVER
liar slher today was ouoted In London at
27 1-I6d up l-Ifld Commercial bar HlUer
In New Yorlt today at 50a4C, up Uc.
FOREIGN EXCHANGE
NEW YOIIK. March 15. The foreign
cAchangc market In tho early dealings to
day was featured by tho lowest quota
tions for Krench exchange that hao been
reported In some time. Business gen
erally was icry moderate, owing to tho
lack of an Immcdlato steamer, but
firmness of tone was discernible In ster
ling, Stockholm, Italian nnd Russian ex
change, nclchmnrks and Vienna kronen
wero n shado nboo tho low records
reached on Tuesday. Stockholm cchango
was reported In great scarcity. Quota
tions follow: Demand sterling, 4.76 U ;
cables, 4.7CT4 ; frano cables, B.03i;
checks, B.94.
The weakness In this last class of ex
change waB partly attributed to the ic
flcctlon of the estimated heavy war costs
of France Just published. Other
quotations wero: B'chsmarks, 72 'i
72 3-1C; Vienna. 12.55 ',.2 CO; llro cables,
G G9 7,i ; checks, fi.70 : Swiss cables, C.23;
checks, 5.21; Stockholm, 28.C028.75;
pesetas, 19.10irl9 Ifi; guilders, 42'i
12: rubles, 319, 31?4.
In tho afternoon tho market continued
Inactive. Sterling held a firm tone and
moved up u slight fraction to 4.7C'i for
demand and I 7G (fj4.76T4 5 4.7C IB-IS for
cables. Stockholm exchango was oxen
scarcer than eier, though not quotably
changed. Trench exchange after a fur
ther recession recovered to D.93',i for ca
bles and 5.94 ',i for checks, lletchsmarks
wero quoted at 72H72I3-1U; Vienna,
12.55ii12.G0
The market closed dull, without ap
preciable chango In quotations from the 1
early afternoon figures. Sterling, 4.7CVi;
cables, 4 764.7G 10-16; franc cables.
n,03'i; checks, 6.94U ; rclchsmarks, 72lS
72 3-1C.
days Mnny wero Inclined to beiw,, i
someth ntr nlono- it,-.. ,. lo D'revj i
done at tho meeting o f th 1 diriS01
afternoon. Opinion seemiS .fiTT ti.
that It anvthlntr U done .naw
ment will be made, Mtat M?"
present time. Still another rew, ?
count for the strength wW&J
feller was buvtnt- ii . "' Hod
tho open market. Nethli-. Vm!. $A
bo learned. In the afternoon n?. 52J
somo or us ndvance. The onlv .e!,"li
meni maun after the meeting of Th, nS
ng directors this afternoon wm ,.S,
mr mviuenu on me common i.i E
the election of Agnew v. D? J3i
dent, succeeding Theodore Voorhetn 2
j repon wine 1 go ned rlreu.i m
Now York was that the rocM frj
secured an option on the Ite.iintt.N
owned by the Lake Shore niZ5M
which totals ,0,065,000 par valuiTeS ."
preferred, 114.265,000 Second wj&
and 9,852.000 par value of comm 'rS
Lako Shore stock represents 21 wr 3
of all tho Beading stock outgUndlnr 1
Aside from Beading thero wM ,er.',,i
e to discuss n tho local market 5 tS
Brill stock sold up ono point as am AM
eral Asphalt common and th.'pM
a half. A block of 600 shares of ffi
Superior changed hands during th. mS
Irig at 11, the same price UWS
close. Union Traction gained a half .Jl
York Bollways Vas unchanged. oJ, ua
salo of 100 shares Philadelphia Comoi.
rose 1'4. j
On tho salo of 10 shares Cambria SM
touched a new ton mark, m itu 1...?
mlddny. This pilco Is 76 cents ibor- 0.'
price nt which tho Mldvale Sleel and o2
nanco bought t ntrol.
Steel and 0i'
I
HOME STATE
INVESTMENTS
We Offer and Recommend fn
Snfo Investment First Mortgae'.
Bonds of a Pennsylvania Indus-'
trial Corporation. Tho Hnnd
wero issued leas than five yean!
ago, yet more tlian one-fifth o(J
the issuo has been retired by
the Sinkinpr Fund. Callable iU
inn r,,i lni....i rrut. : . 'I
iucf 4iiu """"' ": lavest.j
ilium, win yiuiu uuuut
534
Tax Free in Pennylvan!
Details on application ' '
EC WAK l? S M ITH &C0J
AWKERS
UsiAni.isiirn 1802
Jftnioira eto York and J'AUa.ttfpMi
Pniuti.
BnOAD AND CHESTNUT STS.
30 I'lVB STDEET
Guaranteed Income Bond
Tho Ideal plan to (.reals an Income.
I'nys 8300.00 a Year for 50 lean
To any named Boncflclary.
GUARANTEES 510,000 total pir.
ment regardless of length of tlmt tM
beneficiary lives after your death.
At Ago of 30 Cost $86.92 a Yef
(Gross Annual Cost).
rromlum payable Monthly) QusrUr
ly, seml-Annuatiy or Annually,
Kntea on ottier iisea upon apptlratba.
Addrtim
Illinois Life Insurance Company
MARK B. LOCKYER, Man.jef
HlocK j;xrllnnse Ilulldinc
Brown Brothers & Co.,
Fourth and Ciitstnvt Stueets
imiilaoblpiiia '
Deposits received and interest
allowed
For out-of-town accounts, instead of using passbooks,
deposits may be sent by mail and we will furnish
statements of account periodically or upon request.
1
IK mm w0'
fil It li' Wt
MI4I fill insra1 mTuM&t?Mii ' mi t
III v-r SIi:'Kr
Deposit
Accounts
Thi
is
in-
Company
vites the deposit I
accounts of Indiyid'
uals, Firms and Cor
porations. Monthly
statements, together!
with the canceled
checks, are for
warded by mail.
or
Correspondence
a personal interview
cordially invited.
Commercial Trust Company
City Hall Square
I
I
r
t
n