ts
EVENING LflnaEBPHILADigLPHIA. FBIDAY, MARCH IT, 1016.
).
FINANCIAL NEWS
lfOOKS IRREGULAR IN WALL STREET:
WJfiSTJBJRN HOUSES WERE SELLERS
lOhtiapake and Ohio Strong Plan Under Considera-
tioh to Retire Road's Notes Statement on
Distillers' Securities Tonight
New York Stock Sales '
High Points in Today's Financial News
Belie expressed in Walt Street that extra dividend will be declared
7 tXCnntCOtt Conner. New YnrU hnntra nUr,1 il.y szn nni ... .....
sments of currency m week. Decision on Hock Island debenture interest
jrosiponca oy uuage carpenter tn Chicago until next Tuesday. Initial
Hividena declared on Etscnlohr preferred. Further advances in prices
of steel products. Surplus of United States Steel Corporation $U,260,000
m last fiscal year.
,. ., I.asteloeo. Hmh. Low. Clout.
Adm. Kxprwi 133 1411f 14W M1M
AlMka bold Mine.,.. SOW 20U SlUf "OK
AIU-ChalmerjMfe,.,, 32 32H 31J 32
Allh-Ch.1 Alt. pr...... SOU 81 80 80M
Am Ac Chemical..,,., fiBH col 00( BW
Am Boct Snear.,,..... 72)j 74 73 73
Am Can pf m iJ2)i niM 112M
Amcar&ruy 73 73K 71K 72K
AMCar&IUypr 118 117 117 117
Am (.0.1 I'RKlneti....,i08 MOW 100 1WW
Am Coa Prod pf it3H 112H 112) 112!i
Am Cotton Oil jut An fa mi
Am cotton on nt in., irv iih
Am Kxprr-s? .....12lt, 12KH 12S
CURB SALES HEAVY
IN ACTIVE ISSUES
Cuba Cane Sugar Reached An
other New High Bonds
in Fair Demand
Am Hide & t, tlr
Am Ico Securities. .
Am I.lnwd
Am Minced pf
Am I.cccrrotlrn
Atn Locomotive pf,
5!) H0H t.0U
29) J Wi 29
MUi 22! i 22
42 IIH 41W
81 1 , MH mi
Nrcw Yrmw. Mnrr.ii 17
K' Tllrt ttfaetnfn ,mmti.i.tnH 1. ........ ...1.(1. !.-.. . .. , .... . .
i i vuiuuiuwuii uuut..-, wim.ii nave ueen ncavy uuycrs oi stocks
ifl the last few days, followed the lead of large Wall street operators, who had
realised uroflts yesterday, and turned in thn nolllno- ni.ln nii.iv. riiDf, iv,,n
i Virtually no change In conditions governing the speculative situation, but some
or ine room traders, because of this Western Eoillntr, took the view that the
market vrat full of stocks, unit they helped aloiitr tho selllmr movement, ilnlni?
l much to ndd to the pressure, .under which prices declined one to two points
"i" lainy sironff opening-.
There wero some exceptions to what was railed tho "sloppy tone," as tho
Street designated the forenoon market. rhriiwnl(i nn.i m.ir. whini I,.. .....ni-.t
IBiiKimy nooe b- ror many weeks, was In rjood demand nnd touched fi5. It nw
jiBtfl.led that the movement was based on knowledge that a plan Is under con-
raon to renro uio ciiesapeako nnd Ohio notes. Such a step would remove
I Ilia restrictions which now prevent dividend payments. Tho notes, which early
V in the year sold at 92, were traded In yesterday at 100V4 and nro 100 bid.
I Distlllera Securities directors will Issue n stntoment tonight, showing- that
not profits Irf tho last year w.re cqiiDt to 10 per cent, on the stock. It Is
ff understood,, that an announcement will also bo made that C per cent, will bo
s declared on the stock In .May.
Blocks were supplied on all display! of strenrrth in thn nfWnn.,,, i,im.
.'caused pronounced weakness at tim in enmn !,..,., twi ... ...,..
j ami lnslde buying, at tho same- time, were effective In causing ndvances in
j .Other Issues, and cross movements were in order throuBhout the da v. Mexican
Petroleum reflected tho renewed activities of tho Lcwlsohn-Solomon Interests
mi nuiGCU arm Dclow 108 Up to 113.
j pru,clbIo Stfe1' w a sharp decline in tho forenoon, advanced over four
points In the last half nf ihn ttnv n,iti, ....i.... i ...., . .. .
- JtnowletlBO of. heavv lnrrpnsiil nnr-,.in,. .. . , .. .. ,
w s,.i- oi- .. ; V. " ll ,,-":'l", 'or me uuinsn demon-
f fitratlon. Strenirth In Norfolk ami uvmnrn .i-..u ,.o,., .-.
Ir. ,. .- ...,...., ..... .... ..U...,.,, u, iiumuvc nsner-
,, -.. ...... Ula uiviuenu nue win uo increased to at least
; coinlntr directors' mcctlner.
mi imu- imSi tni.
nm nincii a, iier .irrac iriw hum ina
Am Smelt & Hot iJ-. . .113 112W 1125 112W
Am Steel Konndrles. . . r,GH .VS'i 61 5 1!$
Am Suear He.' Hon USH HOW 112!f
Am Susar ltef pf H6 1UJ HoJf I15,'i
Am Id A Tel 120!f 12! li 13!)1 12())i
A" Woolen MH oW f,2J 63
iiuiiiuil pi ji uyj jjy f.Jyi
m iwiiinu r pr V'U I5'4 ViH
Am Zinc I. & sm w.Hi 01H KW 00J
Anaconda Cop M 88 S8) b7li SIX
Assets Heallzatlon r 44 V,i 4H
Associate on can oo'f r.9 ooji
AlchTop&S F nan in:t.'i 103!f 103J
iiiui iop a pl...l(Ki 101 mi 101
111 lltlif lm now
.I125f 1144 1124 112,'(
.lOflJi 100 1094 1094
. MIH 1.1) K)
. 7(1J 70.4 70 70.4
. 2)i. i"i a -jh
c2) r,r.-i r,2'j m
. 4 834 864 864
. t-a1- iii i34 inn
. 244 264 244 264
. n, :: 54 :r
.1064 1074 1004 1074
. S.-. 86' 86 B5
664 64 66J 654
NEW YOIIK, March 17. Speculation on
tho Curb today was again on a heavy
scsto, with a further upward movement
In tho more nctlve Issues. Tho buying
of the so-called war Issues was largely
102 I "MDutca to inside, account, although in
1284 tnariy quarters It was said to be In a large
5(,)j pan uuo to outsioe inicresi, mere wcro
204 many bullish reports, which caused actlv-
22 Itj" and strength.
414 Submarine Boat, which has been more
814 or less neglected, suddenly developed pro
nounced strength and nctivlty on a report
of a largo order from the Husslan Oov
ernment. It wns carried up 4 points.
uuDn t:ano sugar was again we ac
tive feature, and rote to a new high of
3. The preferred moved within narrow
limits. Mldvate Steel, after showing
strength at the outset, developed an Ir
regular tone. The bonds were active, unit
154 after a gain of H broke nearly a point
Sates in Philadelphia
Net
Tilth. Low. Close. eMte.
.120 ISO 120 !
Atl Coast Mne
iwicl Loco Wk
Ilald I.oco WIm pf. . . .
Halt & Ohio
halt & Ohio pf
Hatorllai .Minim:
llelhlehem Steel......
Ilrooklyn Hap Tr. . . .
Butte & Superior
Cal Petroleum
al Petroleum pf . . .
Canadian Pariri;
Cas- : 1 Tr M pf . . .
Central Leather
Central Leather (if
Chandler Motor. ..
tl.es X Ohio
C hlli Copper
to a new low.
Tobacco Products moved up sharply 3j,
but later, on heavy selling, lost all but tho
fraction. Tho strength In this Issuo was
duo to a report that ono of tho largest
stockholders of tho American Tobacco
would shortly be elected a director.
Zinc Concentrated, which was Intro
duced yesterday, was In good demand
around 62. Oils were steady but quiet.
Bonds were In fair demand.
so Am tltt ..
"II Am Mllllnir 7
S m lln-jo i .. 2ni
in Am itwys pf, mi?5
Son Am Ixwn .... 82
jr, u 8 i c WA
10 iln pr PO
10 Brill .1 O ... 4.1 U
arm chm 4 Ohio., nti
Hi Chlno.Coppr. M
is Com Iron ... 45 .
fio Chl rt I & 1 IBU
10 Col Fuel .... BO
l KIpc Storwre. . HJ4
.2r, Krlo 3q
Ill Inn Co N Am. '.'J!
nr Key Tel pref . . mt .
2(1 Krnin. Coppor. r.7'-i
S.in l,k sup 'orr.. inj,
IMI Irfhlth N'nvl. . 7.-.3
1" Ii Vnl Tr.pt.. 14
111 !oon Wyltn.. 17
,13 North (Vnl . . us
,8.1 Mex Petrol ..11.1 112J4 113
im. i-rnnn it it, . , ,,s
227 Pa steel pfd.. lisH
211 Phlla Co cm Pf -14
207 I'hlln Ulcc .. 27 i
101 I'llTtc... int
.1" fhlln Tr.id... 77
Bill HenillnB ..... so
ln." Tono liel 4U
Otm oTno Mln .... it 4
it JJnlon. True .. 13 4
r3 Unlttil ana I. sni
3I!S" J. v Steel.... 7
2.1U JVVcramn .. so
4(1 Vork Ilwy ..It
2n Uo prfe .... no
29J4 .,.,
iS
l!
R
41
r.i
lll4 1H
2.1 H
ret. .....
r.-H -Si
,: -i
:::::
ss
13. , .....
r7U
vnh
iiu
Tnji u
FREIGHT TRAFFIC ON PENNSYLVaWt7
RAILROAD CONTINUES TO BE LARGE 1
Loaded Car Movement by Ten Points Increased 24 fi p
n,,4- tu,'i ri..:jj .! m- ,u re"
v-iciiu xjiiiiax jJiviueiiu uil Jiiisen-
lohr Preferred
TiS
77 ,
Wl
43 Ji .
Nlli
iI0,ljL "J.'f"'. """I "hnre, rompnretl with
with 10.0.11 nlinrr .Tenterilnrt hu fnr IhH
IVw!.' "'IK nhareii name period lnt week,
51,238 ulinrrn.
INDU8T11IALS.
Artn.i KxptnMves ....
Amerlean-llrltKh Mfir.
Hid. AnUod.
1
thlno Copper .r,."i!
135S
37
!64
per I'cnt. at" the
vreliS5vrT!fat Kcnncco" Co""cr Will Ueelarc K.vtrn UMdcnd
NhW YOItK, Slnrcll 17. In wrll.lnrnrinnil lino .1... i.ii. ...
' divLmf tlV f Ul 5en,,cuo Co""cl- Con'oratlon will declare an cvtra
, dividend within a very short time, iniimntinn. i,n.. 1. ....
K, action would be taken so 'as to permit payment" of the extra dlX.rs meift
It 1,1 " "Butar nunrtorly payment of $1 share on .March 31.
L It was Impossible today to obtain anv nnihonii,, ir . ..
lliftba ""'T'L'"1'""' U"'t th " would be fully disced
-' . "-
cmcJIZJr,.. .IB. '-d
Bf -nK i0, .r.rlT." 7" " ?v -"'' "as Postponed decision In
-- ... .......u ucuumiiri inrcresr iinin rri.nL.,ir,.. r ,. ...
. 73
. 4il)i
. 274
. 4S.4
. 454
. 854
111)
K ueierred hl rn Inn- nn ti... .. .1 -
r i .7.. "Hi'utaiion 01 uecetver Dickinson for
f Issue Il.494.00u perfiflm,iu ,. ,, ..... .,., ..., . """'" ii
I: ik . . T - -" "'wl uiu mini aiui last tnqtnlirtnnt
If duo May 1, of tho Choctaw. Oklahoma and Gulf Itailroad.
tho case
He has also
permission to
Further Advances in Steel Products.
fc " .. .-. T rs;ar?,rs
jj .-v...., ul. niuuBiu iron (uuuiar Roods. -
J'oSS 5!!S '!2ffi !?. C""- movement
.Indicates a sain In cash by banks of $1-856 000 T , 7r. , ourrency "eek
2.269.000. Cold imports amounted tc MB oia "from r "f" frm th ,n,erlor was
nients by the ubtreasury" we'o-flu.no! 000 Sm nt""by banks'?' "1SbUrHe
Intentol revenue, etc,, amounted to Sl7.fl7 nor. .":l.b. banks customs.
p. operations proper of $7,468,000. This made a ni ', u .Jl" .Mri8ury
' " l"c "anus oi ?1L',83C,000.
Western Power of K. Y. Initial Dividenn nn r,-,r ,
Tho Western Power Comoanv of tc. vL?f?tf. .n r ref"red
C dendof 1 per cent, on th- $7,080,000 C per ccnicvZZZ "i1 "' vl-
ame April 15 to stock of record March 31. ierrea stock, pay-
I Chlcaco (It Western
Chicago (i West pt,
Chi Mil & ,t P
Chi Mil iSt I- pf..
Chi NorlhHnstern.
Chi It I .V I'ae
Cluett IVa & Co....
Col 1-iiel Iron
Col & Southern
Col & South lt pf. .
Comp T Itcc Co
Continental Can
Continental Can pf. .
Consolidated Clai,
Con a C I. & 1 Hal
Corn Products He
Corn I'rod ltef pf
Crucible Steel
Crucible Steel pf
Detroit Edison
DLstlll Siv Lorpn
Dome Mlnei
fc'te HVti 3S4
i:rie 1st rf i34 51
L'rlc 2d pf 411 .pi
Ken Chemical 3111 H45
(."r.eral Klectrlc 170.4 170
(Jeiieral Motors 4&0 -hj
Reneral Molors pf li;4 114
(.ooilrlch II F 704 7014'
Oranby Consol M 014
(Stcene-Cananea 48 ..0,4
(reat ort!ern pi...
( ef for oai prop. . 47 4'
(lUceenlH'Im Kipln 20Jf 21
IltlJM (1 W Co 18.1 18)
Int Agricultural 194' L'04
Int Asrlcultural pr. ... 0(14 01
Int Con Cor v t c sh.. 174 174
Int l'aper 114 114
Int Paper pf 44 4f.jf
Insp Con Cop 48.4 411
Hit Con Corp pf 73 724
Ir.l Nickel v I cfs IS 484
Int Nickel pf v t cfs. .1104 110
.1111.4 11 H 1104 1104
05
0-14
224
V 4
134
3V4
954
024
23
05
(W
i24'
55
134
37
054
!)
034
2.1
534
134
374
!54
..1294 12!I4 1204 1204
1274 1204 1204 1204
174 1S4 I7 17.4
74 73 74
604' 484 4S
2S 274 2S
104 494 404
404 414 40H
864 -5 83
1104 1104 1104
l14 137j 13'! 1374
.ius.4 no no no
. -"24 2J4 224 2-"i
. 984 084 084 984
. 914 90 014 914
.1174 1174 1154 117J
.1324 1324 1324 1324.
. 474 4S .i0.4 4. .4
,vti ouit t r 1 s a
10 prer
Amprlrnn tnreonl
Ajnx itublier Ino w I , . .
Cnnnrllixn Cnr A Foundry
.In pref
Chevrolet Motor Cnr . . . .
Curtlsn Arroptnno
Cuhnn C.ino Hucnr
r)rleefl-Mfnhurv inn
Kmeroon ,, 11VL
llnnkell k Marker Cnr 4.1
llontl'M Manufacturing 2,1
Intrr Mor Murine , 17
2.1 M.
52
70
or,
8.1
10.-1
47
7n n
Inter Mer Marine nfil
Knihodlon Ilronze jtM .
MnnhRttnn Trnnalt . . . .
Mnslm Munition
Ml.lvnln Hlrcl
OIH nievalnr
Otto Hlnenlohr w I . . ,
ilo preferred
I'eerlew Motor
Poole Knir ft Mncli
Ht Jnneih lrf'nd
Htnndnr.l Motors
Submarine lit v t o ctfs
Trlanule Film v t ctls.
UnKul Profit Sharlnit . .
U S l.lcht & Hent
do pref
While Motors w I
World Film
STANDARD Oil.
rralrle
Illinois
Ohio Oil
70
'
:: iJI
.. 70S
. . (12
.. r.4
.. (10
.. 274
..130
1'A
.. 40t
4 Ji
14
5?
1U
suiisiDiAmns.
2.1.1
1S4
2ill
374 :ts
6.14 634'
40 40
325 345
1094 lODJj
4S5 485
1134 114
764' 754
914 014'
484 49
24 1224 1224 1224
HtHmlard Oil of California 252
inntiani (ill or New Jerey r24
8 U of New York 212
oTitnrt on. stocks.
Harnett Oil 121i
Cosden Oil 22
Ctmlmer.i Oil 11
Houston oil 174
Midwest ltcflnlnc t)7
MININO STOCKS.
Snpulna 14
Atinntn
fC0TT0N WAS STEADY,
WITH DEMAND GOOD
E Spot Houses and Wall Street Buyers.
.Liverpool Quiet
NEW YdP.K. March 17. At the open
Ijisr on the cotton exchange this morning
July -was unchanged, but other options
aiiowea aecunes or to 4 points. The
' tone, however, was steady, and there was
, a rood demand from many quarters.
Liverpool 'and other European Inter-
sta purchased 'Juljv with some buying
by spot houses and Wad street. The
upply came from scattered sources, and
.-With the exception of the persistent sell-
, luff by one operator was without slg.
1 tilftcance.
Business at first was larger than In
noma weeks, but later tho market became
it quieter,, with further declines,' of J to 2
points Demg established by the end of
tbo first quarter of an hour's trading.
Liverpool cables were disappointing and,
althouffh prices rallied after Ihe start,
they were still V. to IV, points net lower
t tho time .of our opening. Advances of
! to 3S points had been looked for. A
'Srlvate"calils elated that there was little
, realizing- m quiet Tnarketv
Frost was reported this moraine from
, v the southeastern section of the cotton belt.
-j In the: southwest and central portions tern-
vaather prevailed, there being no relief
iq the, drought In Texas and Oklahoma.
Int M M c 01 dp 10,4
int ai Al pr c 0! dp. . 71
Kan City Southern.... i!rt
Kan City South pf. ... 02
Kayser J k Co 814
K CFt S & M uf. ...Ill
Kelly Sprinsi'd Tire Co "4
Krnnerott Copper ."74
18
74
274
014
83
02
4A4'
204'
1S0
204
(.04
174
11.4
48
IK
72JJ
474
III)
17
714
204
s:5
Klncs Co E L & P....1294 13 J
L.-.c,: mcoi co S2
Laclede Gas ion
Lee Itubbcr Tire ,514
I.f high Valley 7h4
LlTO-'tt & Myers 2654 231
Long Island 21 22
Louis & Naih 124U 125
llarkay Cos 804 70
Maxwell .Motors U5 00
Max .Motors 1st pf 834 .'54
Max Motors 2d pf 474 4815
104
20.4
lS'l
214
(0.4
174
114
4S
48
72JS
484
110
llJj
72,4
04
014
85
01
73
6'
Ccrro lie Pobco
llutte C fi Z V t ctfa
llutle and New York
First Nutlonnl Copper ....
Onldtleld Mcrirer
Hrrhi Mlnlnx
1 low Sound
Jim llutler
JtimiMi Kttenslon
Munma Copper
MeKlnlev-DnrraRti
Mines of America
Nlplsslnff MlneH Co
San Toy
West nd Consolidated
IIO.NDS.
Krlo rlchts
Cerrn Us
Krlo ..4 .-,...
.Mldvak- .'.9
in
:is4
in
.1JI
r..
ll
i'.i
r.4
R.I
SO
17-S
40
,P
7U
.lin..
. vavi
284
3.1
B(l..
1i
71
7(1
till
105
41
7lVi
ir.2
12
14
as
18
7R
2.1
HI
H
71) ;i
CI
r.n
101
2S
1B4,
17U
I)
II '
4i
'1
.14
r.
2.1(1
1811
211
J.-.il
r.27
2ir,
m
s'
2(1
US
14 4
IN
lll4
:ii
I!
l.'l
811
82
in
hi
IN
BONDS,
. , Utah. Iaw. Close, chse.
tMOO AmOt.lJ r.s. nsli niV, 03!i ft
n.iKHi imid 1, int r.a.io.iji lor.Vj lnr.w .....
)( Kl & V 'tr 4s 824 sag R24 l
1000 Harwd ill fls.lojji 102.4 102i H
2(01 Inter mvys ,4s r.7 r.7j (17$ ......
r.ono I, N ens 4i4n.l()24 102S ld2 U
.10(10 Pn con Is 1048 nm, null niiw ',.
,,.,, . uu kii .g,mj ll.i.-r. 1U4I-. ...
10 iren
2U00 Pa & Md H Us. 1 nil mil
7(100 l'h Co Con r.s 03 i 034
25000 Phil Deo Is. 84 84
12IIU Uo .Is 104 10.1
100(1 Iten.l-Jr Ct -Is 0(1 fto
Diino York It 1st 5s 03 oil.
-(Increase. Decrease,
100 4
IH'!i H
5ii
relBht trntnc on the lines of the Penn
sylvania Itailroad continues to show sub
stantial gains over last year. According
to figures Just Blven out by the railroad
for the first 15 days of tho present month,
showing tho dally average of loaded cars
passing 10 Junction points, there was an
Increase of 24,5 per cent., as compared
with the same period of 1915. Tho Increase
In February over February of last year
was 27..1 per cent.
The largest Increase, at any pplnt was
at Pittsburgh Interchange 17,928 cars.
Gallltzlu came next, with an Increase of
13.199 cars. Tho total for the month was
424,880 cars, compared with 341,948 In
1915.
Detailed figures of the movement of
freight cars by the 10 points art given In
the following table!
....... ... Increase
Mnreh 1.1.1. lolA r..... n r.
iwiniown junction. . 02,107 10.2e0
Loiuinoifi ... Oil, vllo
Monmouth Junction
i.onemaugn .....,..
Dauphin .....,.,...,
Edge .Moor . . .
Pittsburgh Interchange,
(Inltltzln ;..
Jluffnlo Dtv. Interchansa
Allegheny Dlv. Intercge
H0.785
49,484
17.B21
lr.,(!28
77,054
.50,411
81,822
28,013
8,1198
770
10,070
2.578
2,042
17,028
13,1119
0,18.1
7,070
Total sales, 181,200. compared with $8(1,300
yesterilnyi thus, far .this week, S393,100 same
period last week, CI4.1.000.
Local Bid and Asked
Today
Huff ti Sus t c .
do pref
J a Prill
llaldwln
Cambria Steel .
Dlectrlc StorRire
(leneral Asphalt
do pref
Key Tol
do t e
do pref
Lnkc Hup Corn
Leh Nav
l.eh Valley ....
Loh. Vnl Tr ..
do pref
Pennsylvania , .
Phlla Kleelrle. .
rhlla l.'n
do 5 Der rent
!p (I per cent, pref
Thlla n T to.......
Heading
Tonopah llelmont...
Tonopnh Mlnlnir
Union Traction
United Gnu Improv. ,
O S Steel .,..;
York Ilwy
do pref
Wm Cramp t c
pref.
HI
. 41
. 584
. MI4
. 113
3T.
. 72 i
. 144
. 14'
. 118 i
"'1'
. .Sjf
. 22 i
. 14
;,!',.
l.l J-i
874
4 4
II 4
1.14
Mlfe,
mu
:i7
hO
Testerday
Asked. Bid. Asked,
litt 41 y, 42
nn r.84 no
4.14 43 14
112 112-i
K"?i
lt.
81 '.
(14
.17 4
73
15
,n.
in 4
10 4
711
711
2.1
till
41
44,,
III 4
h
4'.'S
H!l
SIIJ.
114
.17 4
84
Ml
73
14l
144
70.
KIH
711
711
n
(1.1 J.
72U
.HI
in";
"'.
784
12
nn
44.
Ill VI
H7?i K8
4 4 4 U-lit
J (14
44
Ml 4
8(14
11
3IIJ4
7(1 4
24.0
in.o
2.2
25.0
17.1
10. n
30.0
28.8
41.5
33.8
Totals , 424.610 82,782 24.5
The annual report of tho West Jorsoy
and Seashore Railroad camo out today.
It showed gross Income of $1,220,818 for
the year ending December 31, 1916, com
pared with $1,104,801 In tho previous
year. The net for tho year waB $074,784,
against $556,968 in 1915. The earnings
on tho $9,641,600 of common stock were
6.9 per cent., ngalnst 6.7 on tho provtoua
year.
A l-i IhIai...iI
... .....cicbuiis ott or news tnd
announcement that the directors in '
Elsenlohr & Uros., Inc., had dle. ,Utt
lnitlni .11.1.1..., ,...." "nH declared an
ferred stock, ykblertf?,-,
era oi record .March 24. Hooki
close. "ooks will not
Operations on the local Stock Fei,.
were again on a small scale today n"8'
ng the morning tho market held Du!"
y steady, but In tho ncrno0n ItW'
Irregular. Ono hrnlrer i .. . ".. oecam
tiulotness that hns prevailed on ,o $
delphla Stock Kxchamro Tn ,u ' ). ?h!Ia-
daysIn fact since the taking m-e, "!
Cambria by .Midvalo Steel-said -Z f
Justus quiet here as It ,. nctUo'm f
Cramp trust certlncates rose 3 Doln..
to 80 In tho afternoon. PhlladiroW.
Rapid Transit certlncates lost one Zim
and Reading moved up more ih "'
point Lehlch Cool M r-?...lPan.
was hardlv airecfe.i k,. .V. t:.viPaon
rebates brn
Jury at Trenton yes-
Tho indictment was on 27 oSSS
io comnanv wan mnvi..i U"V!
counts. The maximum Ono nn..iki. ... .a"
the verdict Is $640,000. The Jury, how
ever, recommended leniency. During ih.
poini. benign Coal nun
... "'u"' "iiecicu Dy the verdle .
guilty of recelvlno- rol,ai. i.....J.u,.ct '
the Federal Grand Jury at Tren?J" '
torday, tho stock losing only a snia.1l t;
t On. Thn Inrtlolmenl ....yJlSm.a11 friW-
and the company was convicted en""!?
1 .e,mu.m "ne Possible under
$640,000. Tho Jury, how'
nded len onnv. rtnii ..
2f?K?Bn :Prai H?'!-on S
The bond division was even more qui.i
than stocks. The only noteworthy ?!
turo was tho salo of one block of 124 nnn
Philadelphia Electric 4s at t$U5&
from tho lost Bale yesterday.
434
41..
44 4
it) '.a
44
811 Ji
37
774
Financial Briefs
1.8
83S
LONDON STOCK MARKET
" Mexican Petroleum
New York Bond Sales" &.::::1
1 ; Minn &-St L pf
01
844
01
73
504
1294' 130
81.4 824
1054 1054 1054'
.ril4 514 514
9.4 784 781.
251 251
2 2 23
125
0
044'
S54
174
12
79
044
854
474
l50(l Alaska o
ASf K
, . Utah.
t. pd Us. 1114
.l.l.l, .. . . . .. r
i : :: ""r ,,cr u.b ..H ..
'.E..r. v:s j .is..:: ;?
........ fr ..a ,,. : c
... it. .-.'.. -..''74
Low. Clost...
103. 103
Oh1. i,4
"in lli
IM ;
MiSMJurl Pacific...
! Montana i'ower
i National Biscuit...
, Nat Knam .t Co
,7."" " Hinelt . n i,,i .:?' .
ffiKA'S"l'onrudjlaJi"-.: ',. ,. 7.1 NevConCop
?:KAiKnt-i:i-.-v.-:Si iSiS iBiX :V,:.X!f ..
.uuii it,. ,.i . -" to ii"' rv . rv n .v it
y- z. V " ."
aWiS; "- oifi4Wi::::.i53w i!
1,.,... .. ... .---..... ..,,-., in,
....r.-. 'w -,.. .... ... .7 -.-
ii.ioti du n. in: "r
I.:
lUI -.
1?4
ll u
11 ! 01 i lilt.
'iWi?r,a.i::8i,g ii, Hi's
X Y C & 11 K. .
N YO & West
Norfolk A Western.
Norfolk & West pf.
northern Pacific.
'IftS ":
t4ntr . . , . .
December
January .
8S f...
ll.SMi 11.81 11.81
12.00 11.03 12.00
12.19 12.111 12.18
12.88 12.27 12.38
12.40 12.43 12.411
12.82 12. 18 13.50
12.00
en. Utah. Ijw.
11.7B
11.80
12.0B
12.18
12.83
12.10
Close.
11. 70
11. 92
12.10
12.20
12.33
12.40
11.05
fciHHi ,:..;... U1JU"' os. ...in..: .,,, ,:.:' I win m.-r iiu... ufi
, jSSi c ft.'SSf 5jr;. $$ o.1 u'. (' Pennsylvania It 574
iiwwo cent iw'Sf ll a,-IU,1,l IJ'lf. lull, Philadelphia Co 424
oo'o' 3 Jwu." Av:: 8U8U- SJ & I Vim Coal Co N J.... 20
SIVaiIoo-.h;::- Sk JJ S3" HtaOaicoN Jpf..l044
'- . -t7x , ...aumcu irt-i ui.... t
7
.1 T
-IIOO u u Voint'f."
24 lUll l r TL 3.JV!nl la-.-
Shit
.en 4a
73
81 T
l24
io7;
.101
Kill,
IE bour.!";, i,v!. i iSft
f Liverpool Cotton
' I4VEnpOOlv, March 17. Spot cotton
today was reported quiet, at 5 points ad
('aric on a. basis of 7.87d, for mid-upland.
The sale aggregated 6000 bales, including
900 bales American. The Imports were
56.000 bales. Including 1006 bales Ameri
can. The market for futures closed steady
to. net decline of 4V$ to 7ii points.
Liverpool Cotton Statistics
"laTV-JlPOQU March 17. Followlne
re- th(S weekly cotton statistics, figures In
Ul5-, Imports, 112,000: American, 91.-
H0; slock, 932.000; American. 692.000:
, forwarded, 88,000 ; American, 76,000,
f tes? Cotton Seed Crushed
WASHIKOTON, March 17. A report
."by tba Census Bureau today shows 840
active mills and 4.132,(68 tpns cottonseed
crushed In 1916, as compared with 6,779,
tif In. 1914. The Haters obtained in 500.
IWujkI bIe were 880.789 In 1915, com
pared with 150.900 In 1914. and running
bl9 wera 835.374 in 1915, which includes
(Mil ton of seed estimated to be
L-ruihid Mtui 131.S0S bales of llntera to be
I flJttalotdi fter the date or the March can.
211)011 da to s.
iJU!!! '!" c 6
1(8.11 , cy j 1
5H "." tin
1
S V" ."".?:'."!
iuui nn sinms .. .
UIKIII 7,7. .-'" "" .v- 71
IIIUI
10011
y : .! (
i. . I1, '"S lUW
lYuZ'. Hen. t?1"" ueh s
luoouV2.".ffa5"- H
2(10(1 Iowa Cent 0a 1, .
2000 Ins Con "v lis iuio'lu '
.000 Inlerb Met 44. tj
71.00 Interb n T rrl si'' iiiii
111HJO Int Mer Mar " 44 X
UOOO Jap new O 8 4 Vis. 77U
JOiai Jupanesa new 4V4. tiki'
Bono k o y atiiT,' 55;'
Boon Kan Clly T?r lit 4" foi
,5"i "? Co Kiev V SJj
,1' fnw ."'.-Sa 1023 l)U
02.
101
73
814
lis .,
l.4
1.11,
101
!!!! !!!!:
"' 00 conv la Her A. 71
i do Sep II ... JI,-
j'! i'a.i u ;::: sg.
l S?lso.n "Hum 4s..:: mi
t.44a U3VS
i... lot 4
1000 Hud I.in ,f., .''ii.
lnr
1.7
1034
"4
7S
80
71
78 4
eon
lu;
1.131,
774
72 :
811
71
1134
101 4
10.1
734
I Oil
on h
74
uu?,
U7
77U
854
75 C
8SH
OU4a
"?SK h?.R?.' .I5o. S3
....- IMi,i.iib uai igf ri ion' ,,.
5HHiMi'.; uslT iA3
!''!!" r H Jet 4i iaSil! .Jj
ri1-:- :!85K
73 Vi
r.. tT
100(1 l.lir
ou.. i-irinara as mill
liioo Lou i Nash i s Si ki.P
J80UO LouU & Naih 4s fiSS
1O0O Minn A (1; ,"., "?
ar.iia kti. t.-u :. .:'.. "
.-.JSS. ..?''' 4...
.ww ., 4-c og lUO u
70011 m Vi,"i"1? LS M-IOI
140OON Y c ilud JU." aiii
10OUN Y C?nt cv 4 Sh
3000 N Y Cent es . 'ills'
.nn,. v J,"i W! .""- 107
lixr. i o"ir-.." -
.Vu . . II II 4
Ml 4
HS4
1134
1014
1 11.1
734
10U
tin ',,
1U.I
71
Dl4
884
80 4
t.34.
lUlJy
93 H
044
1n-.
1014 llll.
80 4 80
It .
24 0.4
r"! a
114
Pressed S Car Co
Pullman Co
Quicksilver ,
Quicksilver pf ....
Ity Steel SP Co. .
Hay Con Copper. ,
lleaalni;
Heading 1st pf 45
uu;
U.l
04 V.
102
BANK CLEAHINGS
$ todX trompared will corre
m i&im istic -j
mimi-gpi H-W5-?I fcWMMYoi.
. H2S.I m,MHM 33M4V LAI
nrrftMt.lf 2T.374.S ?m,H2.S7S
99,4tf ?,ims,4$ 4.&H..liai
'T-.tTtJl- ;g.833.oti. JM5s:4
J-MrsHsYeb
: W allnr p irnrtiJ- - Sla-'i
rom wtiS? rt Sw
2000 XYritf4i "tt
?$? m t kwv idl b;:: I
4uwu n t 'lei en
8AT4
113
2 114
' .. JO'
.J'IJi 8.1
Hib i's
74 71114
4 01 4 61
4 784 78M
120 123
034 834
V3H U3U
BIS 0l
03 U n.MI
1000 XVWern 33"' SS
220OO Norf lT r'ii?; .?.
13.00 Nor I'ac en 3s nil'
i,0 Sr" 'iwy N con 4s 811
2000 iuji "!, :::-,.ii? lS?& is?s
jssssfjr ....: we sse sji
ww n gr W -f Till
-i8SS s'0l8Jsati,"4;u S&
SSi a.S'..4i -.-.824
SSSC S".' ?" M . . . . .100H 100(4
fSnik -"-trr. V- - S SUU sgi
3000 35 rW 4i p ' ' lule lsis Jw
lisnvuvi , -: .tin ,fi .g
mo. w,6 vata JS ;:;;iSjfe iSJt ,gjt
Heading d pf
Kcpublic Iron & S.
Kepubllc I & S pf. .
Hock Island
Hook Hand pf 4
numeiy 31 us np; ..
Bcaboard A Line 'pf.
Sears Iloo & Co
Shat AtliCop
Sloss-Shef S & I
South Porto K Sug. ,
bouthera Pacific
l-'outhcrn Ry
Southern Hy pf.
.10S4- 1144' 1074 IlHh
.1014 10 .'.4 1014' 102;
37 374 37 37
154 15 15 15
o.'i 5 6 5
70 7(1 70 70
1224 123 1 123
27 1-74 204 204
724 734 734 734
0S4 0S4 0S4 084
154 154 15 lMf
Brake.. 1601. 14!) 1474 140
.. (.7 07 004 004
..1054 100 1054" 100
... 20 a) 284 29
..1204 1224 121 122
.. SOM 804 S04 804
mi Hlj 11-14 1144
114 uu tw
574 574 574
424 424 424
284 284 284
l'.V, 1044 105
OOM 044 004
57 fSJJ 654
103 163 103
44 44 44'
0)X 0 0
444 424 424
214 214 214
80 b74 S74
45 45 45
404' 4H4 4114
ai .4 S4'
Trading Inactive; U. S. Steel Showed
Most Firmness
LONDON, March 17. While securities
on the Stock Uxchance were steady on
tho wholo today, trading was not active.
With tho exception of Colonials In which
thero was realizing the gllt-cdgcd section
wns hard.
In tho American department, which was
IrreBUlar, United States Steel shares dis
played the most firmness on the strong
cash position of the company as revealed
lu tho annual report.
Following the market at New York
and on preparations for the latest Domin
ion loan. Canadian Paclflcs slumped. Al
terations in the home railway group were
narrow, but firmness was displayed. Sta
bility was noted In spots In South Amer
ican rails.
The foreign section presented a check
ered appearance. Japanese descriptions
were dull. Thero were light offerings of
tho French loan, which was quoted at
84H.
Kaffirs were cheerful. Fresh buoyancy
wa3 noted In Eastern Hand specialties.
There was buying of Russian mines on
hopes of a separate peace with Turkey,
which would result In the reopening of
the Dardanelles,
60
.103
44
. 04
. 43
. 214
bS
404
51
1114 1114 1114 1114
4
M
13 14
. 304 30
.177 177
. 3S4' JiMf
. 504 594
183 103
. OilJi 100
. 214 214
eo 594
4
4
14
30
177
.174
69
191
'Mt
214
594
)
4
14
30
177
374
594
101
0-J4
214
594
Lehigh Valley Transit Earnings
Tho LchlKh Valley Transit Company report
of earnlnss for tho month of February, 19111,
aa well na for 12 months rnded February 29.
show n continuation of Increased business,
Klrures compare as follows:
increase.
I3U.788
27.1128
2.393
fitudebaker Co 148,4 1404 1474 14.4
Tonn f'nniur J ti,i . .:
Tenn Copper
Texas Co
Teias Co rights. ...
Texas Pacbu:
Union Uaz & Paper.
United Cl;ar Stores.
Union Pacific
Union Pacific pf
US Ind Alcohol....
UBOIPSF.
tH 584 5714 S7r
.1094 203 200 2014
tO 18.4 174 184'
74 8 74' 74'
- 8 8.4 84 8Ji
. 94 04 94 OK
..134 1344 1334 1334
.. 824 S3 824 824
..1554 1574 1S5.4 1553i
-17 0i .O .
UHUU'SfW.,.. KM 54 MW .
Un Rji Inv Co pf, ... 304 30. 3.14 3UM
H'l, ." 4 1484 1474 147K
Hu.bber ,, 34 544 534' 5i4
U S Kubber 1st pf... 1084 1094 109 1004
U 8 Steel Corpn ,.64 874 88M 80M
ft - CZf dnl w-.-h -. 4-lrf am -- ...T
" ""' -"iiai v.... inn inn 11M 117
February HUH.
Oper. reicnue 1177,727
Oper. expenses 118,121
Ueprec. res 18, SOU
.,1111. 430
Net revenue 0(1,20(1
Taxes 8,333
Oper. Income 30,11(13
Non-oir. Inc. 10,3113
dross lnr 70,0311
Int., rent, nils. ded. . 11,8113
Net Income 18.100
12 months endlns Feb. .'
Oper. revenue ...... 12,1(13,345
Oper. expenses 1,030,308
Deprec. reserve 182.7U4
11,202,103
Net rovenua SH3.342
Taxes 73.S8U
Oper. Income , 8h9,D32
Non-op. Incoms 138,120
Gross Income 1,027,781
Int., rent, mis. ded.. 8.14, 403
Net Income 373,28.1
'Decrease,
130.023
0.7.12
274
7.037
470
7,r.i7
4.317
11,833
J27.1.S41
93,423
43,014
The Way-Monde Cigar Company, 1233
Cherry street, ban been incorporated.
Joseph Way, well known In the cigar and
tobacco business in tills city, Is the presi
dent of tho company, and George G. Meade,
a hotel' man. Is tho treasurer. Mr. Meade
Is widely identified with tho tobacco trade
and has for many years been associated
with Mr. Way. Tho secretary Is A. T.
James, and Byron A. Mllner Is solicitor.
The authorized capital Is $50,000, divided
Into 2600 shares' common, par valuo $10,
and 2500 shares 7 per cent, cumulative
preferred, par $10, all paid and non
assessable.
Sales by American Piano Company dur
ing 1915 were $8,837,739, as compared with
$3,950,704 in tho preceding year.
The exports of copper for the week
ended March 1C amounted to 0124 tons,
and since March 1 last 11,407 tons.
Tiie maintenance of remarkable busi
ness activity In evory part of tho country
Is reflected In the enormous .volume of
bank clearings at all the more Important
cities In the United States, the total this
week, according to Dun's Itevlew, amount
ing to $4,124,741,698, an increase of 53.7
per cent, as compared with $2,682,726,731
of the same week last year, and of 46.3 per
cent, as contrasted with the corresponding
week In 1914, when $2,830,302,658 was reported.
The Listing Committee of the -Now York
Curb Market Association has ruled that
March 22 shall be the date of delivery of
temporary certificates In settlement of out
standing when, as and If Issued cgn
tracts In the common shares of the Kene
flck 21nc Corporation. The Kmpire Trust
Company Is the transfer agent nnd the
Bankers' Trust Company tho register.
The New York Subtreasury lost $172,
000 to banks yesterday, reducing the cash
net gain slnco Friday to $7,460,000.
The Clearing House Committee of the
New York Coffee Exchange is making
rapid progress with Its plans for estab
lishing a clearing house on coffee and
sugar and expects to present its proposi
tion at a meeting of the Board of Man
agers of the exchange next Monday.
FOREIGN EXCHANGE
NEW YOHK. March 17. Business In
foreign exchange was moderate in tho first
hour today and rates moved Irregularly,
rclchsmarks receding to tho low record of
71 15-lGi72.
Vienna was unchanged from tho low level,
though not low record, reached late yes
terday, of 12.485jU2.52.
On tho other hand, sterling, Stockholm,
Russian exchange and francs displayed
Improvement Rubles were quoted at
31 Ti 332, influenced by tho announcement
01 measures impending oy tno Russian
Government to stabilize exchange. That
country, owing to tho present Internation
al situation, Is more likely to be success
ful In accomplishing that aim than other
negotiations, for now loans to Russia con-
tinuo to bo tho subject of gossip and In
quiry. The cause of tho strength In Scan
dinavian exchange has already been re
ferred to.
.Sterling ruled at the best figures In
over 11 week, 4.76 for demand and 4.77
for cables. Other quotations were: Franc
cables, 5.95 ?i, checks, 5.96 ',: this Is an
Improvement In checks of over 1', points
since Thursday morning. Lire cables,
0.70U, checks, 6,70 ; Swiss cables, 6.221.,
Checks. 6.238:- Vlclinn. 12..IS nnd 12.B"!
Stockholm, 28.S5 and 28.95; pesetas, 19.15
and 19.20; guilders, 42 5-1G and 42?, ; ru
bles, 31 nnd 32.
In mldafternoon the market was 'very
dull. Thero was, however, Ilttlo or no
change lu rates. Sterling was quoted at
4.75 5-lS'4.iG?g and cables at 4.77.
Relchsmarks failed to Improve from tho
low record, but business In that class was
entirely nominal at 71 15-16. French ex
change rallied to 5.95?i for cables and
0.9514 for checks.
In tho final dealings dullness was un
relivede. Sterling left off firm at 4.76
bid and asked for demand and 4.77 for
cables. Francs Improved to 5.94 ii for
cables and 5.95 for checks. This is a
rally of 2 points from yesterday's low.
Relchsmarks closed at tho new lowest
71 13-16. Vienna exchange also was
heavy on International political rumors.
STEEL'S SURPLUS $44,260,374
Compares With a Deficit of $16,971,.
984 in Previous Year
NEW YORK, March 17. Startln- In
1915 with earnings during tho first ouani,
of $16,082,369. which were second to HUn.
smallcst In any quarter slnco 1910 and
were $5,368,619 less than In the sam
period In the preceding year, the United
States Steel Corporation, according to lb!
report, closed tho year ended December
31 with a surplus net Income of $44,260.'
3.4, as against a deficit of $16,971984
?ihi r?i"fr ,!"" d,vMf ? "mounting to'
51:'L7.3'4B8 hnd oeen "al(1 'rom a balancs
of $75,068,019. It wns equivalent to 9 97
per cent, earned on the $508,302,500 com''
mon stock, as compared with 0,52 per cent
earned on tho samo stock In the year
. Yilh. Broas eelpts In 1915 amounting
V,A7,2.C'?83'B89' as mparcd with $568.!
414,934 In 1911, tho figures for the year
aro fourth from tho largest In the his
tory of tho corporation, in 1913 the
gross receipts wero $796,894,299 and In
1912 they were $745,505,515. Tho figures
wero larger In 1907. In splto of this fact,
expenditures for ordinary maintenance
nnd rcpnlrs decreased $467,534, or 1.2 per
cent., as compared with tho preceding year
while extraordinary replacements were'
$1,538,410, or 30.0 per cent. less.
MONEY FIRMER IN NEW YORK
NEW YORK, March 17. The market
for time money on collateral worked up
today to tho highest figures recorded In
several months. Money for 60 days, as
against an asking figure of 2; per cent.,
rose to S per cent Funds for 90 days
were unaltered at 2i3 per cent. An
Increased Inquiry for prime bank accep
tances Is reported, and quotations are 4
higher at 2 4 for 60s and 23i per cent,
for 90s.
NEW YORK COFFEE MARKET
NEW YORK, March 17. Tho coffet
market was easier at tho start this morn'
ipg and first prices wcro 9 to 10 polnu
lower under scattered liquidation. Sales
on tho call were 6750 bags.
March . . .
April
May
June
July .....,
Auirust ..
September
Octobor , .
November
December .
January , .
February ,
Uld.
Today's Yes. 5f
OnenlnB. Close. M
7.1106 8.07 S.0IW8.0O, -J
7.113 8.0UW8.11 M
8.0S 8.14S.1S S
8.1(1 8,188.2(1 K
8.1." S.23$8.21 M
8.2G8.!M f,
8.2UW8.30 Jg
b.:i:s.3i i9
8.33A8..17 dl
.... 8.I.1
. ... H.inS.30
....18.20
. ... 8.28
(Offered.
8.."fi8.(0
K.IWM1
S, 47058.31
Sales 7000 bags.
RATES FOR .MONEY
Now York . .
Philadelphia
lloston .....
Chlcaco
Cnll
1 "i ffii"
34tf4
34 04
Tlmo
24 se.t
:i'.4M4
4 lM4
4 ti 44
Commercial paper, three to six months. Phil
adelphia, 34 4 per cent.
IV1 SI
82 (i 2U
louU
Utah Securities,,.,,,.. 174
Utah Copper , 834
Va-Cara Chem ,. 474
Va Iron Coal 4 0 54
Wabssh. 144
Wabash pf A., ..., 44
Wabash pf B , 274
West K &M C94
Western Maryland..,. 304,
West Maryland pf 454
West .Union Tel 01
Weyman-Bniton . . .253
Wheel & Lake Erie . . 4
Wheel A L E 2d pf . . 44
Willis Overland 238
Willys O pf r f p. .. .105H 105 105J,- 1054
Wooiworttt V W 122H 122i 122H 12-H
Quoted ex dividend.
174 174
83 82
464 404
55 55
144 144
444 434
284 274
004 684
314 3(J
45 45
014 01
225 225
34' m
34 3H
239 237
174
824
464
65
144
43;
28
684
30H
43
Ul
225
W
34.
237
LIVE STOCK QUOTATIONS
CHICAGO. Mar. IT. HOOS BecslpU. 5 .
000. Market BU10C. lower. Mlied ,Sd
rousb. heavy. IDOD.io, lljht. CJU.JO: piis
.J.50S.U0: bsUlc l..00l.M. '
SMBKP' 4lll4. Woo, il.rket -us.
(lu W. V-wIm. S.o; l5WTCT
138,438
1.17,103
19,1111.1
137,007
18,440
173,337
10,018
103.523
' PUBLIC UTILITIES
The Virginia Hallway and I'gwer Com
pany reports for February gross earning
of $457,563, an Increase of $63,173 over the
figures for February, 1916; net earnings of
$240,248. a gain of $36,672, and surplus of
$97,941, an Increase of $27,193. For the
eight months ended February 29, the com
pany reports gross earnings of $3,732,310
which Is a gain of $211,018 over the cor.
responding period In the preceding year'
net earnings of $1,988,901, an Increase of
$183,686, and surplus of $899,989, an in
crease of $128,866.
The Adirondack Electrio Power Corpora
tion reports $138,841 gross earnings for
January, 19)6, as agalpst $112,238 for the
same month last year. Net earnings were
$71,037, as compared with $53,166. The
surplus for the year ended January 31
1916, was $314,000. '
Gross earnings of the Union Gas and
Electrio Company of Cincinnati for 1915
were $6,648,714, a gain of $198,649 over
the figures for the previous year. Tho
surplus was $139,049, or an Increase of
$77,463,
In Its report "for the quarter ended De
cember 31. 1916, the International Railway
Company of Buffalo discloses gross earn
ings of $1.769,148, xan Increase of $124.
666 over the corresponding quarter In
1914; net earnings of $687,161, or a gain of
$100,007. and. surplus of $334,8(0, which is
an Increase of $80,447.
The United Traction Company of Albany
report for the. quarter ended December 31.
1915. gross eamlnes of $601,937. a da.
reasi$ of $$4.6$7 over & B4rae, period In
tno previous year? n-r. earnings o. $34,211,
a, decreas of $16M6. and a deficit "of
$32,213. a ejd lth the surplus, of
94J.i.
Extra Dividend by Cosden & Co.
BALTIMORE, March 17. Cosden & Co.
have declared a regular quarterly divi
dend of 2'i per cent, on the preferred
stock of the company, payable April 1 to
stock of record March 25. They also de
clared a quarterly dividend of 2 per cent,
with an extra of 5 per cent., on tho com
mon, being 35 cents per share. The lat
ter Is payable April 10 to stock of record
Marcli 25,
New Rand Development Syndicate
LONDON, March 17. Adolph Lewlsohn.
of Now York, has organized and Is the
head of an American syndicate which Is
to assist lu the financing of developments
In tho Eastern Rand district, according to
an announcement made here today. This
la the first time that American capital is
to be used In the assistance of operations
in that district. Information with regard
to the plan was given out by Isaac Lewis,
of the banking firm of Lewis & Marks,
More than $3,000,000 Is said to be In
volved. x
DIVIDENDS DECLARED
A. II. Klrschbaum Company, reeular qur
VTl?. S'.!'t Rer ccQl- on preferred, paj-abls
April 1 to holders of record March 20.
Indiana Pipe Line Company, resular Quar.
tcrly of 12 a share, paynblo May 16 to stock
of record April 24.
MacAndrowa 4; Forbes Company, Quarterly
of 14 per cent, on preferred and 24 per cent,
on common, payable April 13 to stockholders
of record March 31.
Franklin Trust Company, a regular semi
annual of 2 4 per cent., payable April 4 to
stockholders of record March SI. Checks will
be mailed,
Ohio Fuel Oil Supply Company. remiUr
quarterly of 24 per cent., payable April 17.
to stock of record March 21.
NEW YORK BUTTER AND EGGS
, NEW YOP.K. March ,17. HUTTEIt Mar-ket-
higher prices nearly all grades. Good
tradlns on the advance; supplies mill short. Its
celpts, 70111) packages, Kxira cieamery, 37H
M.Ko.i higher scoring, 384!f 39c: Ktata dairy.
29(ff3lk'.s Imitation creamery, 23C1234,
j;OU3 Market trade nulet. stock not clear
'ng closely, prices lower. Itercipts, 21.UJ1
rases. Kxtra firsts, 22c.t flrxtH. 21SlUr.:
white eggs, 27c.: brown eggs, 2.i('!2lc.i mixed
LOCAL MINING STOCKS
TONOPAH STOCKS.
Did.
8.".
, ,01)
..,...,,, ,17
Money in London
LONDON, March 17. Money, 4 4 per
cent. Discount rate, short bills, 5H ; 3
months, 5H.
Jim Duller
MacNamara
Midway
Mlsoah Extension
Montana
North Star
Tonopah Kelmont
Tonopah Intension
Tonopuh Mining ,
Itescue HuJa .....
West Knd
,,,
-?4
ft,
IS
.0.
GOLUFIBLD STOCKS
Atlanta ...., ,. 10
Hlus Hull .,,,,,,.,, 03
Booth ..,,.,, ,.,.,,, ;33
r.u"o0V' ii
Ha,y ,.,,,,.., ,.,,.,,.. ,04
Florence ,, .40
(loldAeld Consolidated .... ..... .88
(loldfteld Merger ,..:.::, .11.
Jumbo Extension .78
Kewana ,,.,, ,w
f?.nd Sfl "4
Silver rick loo
MISCELLANEOUS
Fairy Aitee .-. oi
Klmimrly 01
Nevada Jill! ..........." .17
Arizona Un ,.-.. .40
Nevada, Wonder ..,...,,. rf . I.1.7U
Asked.
.811
,08
,18
,2(1
.SB
!
oft
.83
.71
.17
.04.
,3d
.03
,01
O.S
03
.0.1
.42
.80
.12
.Ml
,17
;o.i
.on
.07
.0.1
.03
.20
.43
l-TS
mVIOENDS
LK1IIU11 VALLEy ItAlLBOAD COMPANY.
-. t, Philadelphia. March IS. 1018.
The Board of Directors of the Leblgb. Volley
lUllroad Company have this day declared i
quarterly dividend of .V4S (or S1.S5 per "shir.)
??.ii.,KP,e;S:,7.tocl5 w stockholders of record
liiH.,S5-iHi..anS .OT'erly dividend of
f (or J1.2S per stun) on It common stock
to stockholders 1 of. ; record MarcJa 23. 1810; both.
.... ,....., a. ...,,
k-pecas win
bo mailed.
C. J Kl'LP. Trwuurer.
imiKc-roitv or accountant
The
Guaranteed
Mortgage
DURING eight and
one-half years
more than six thousand
mortgages, aggregating
nearly thirty-two and one
half millions of dollars,
have been handled by this
Company, whose clients
have never lost a dollar
through these invest
ments. Circulars on Request
Philadelphia Company for
Guaranteeing Mortgages
.William R. Nicholson. President
(5) Land Title Hid... FlilUdeiphU
Four reasons why
Southern California
Edison Co.
General Mortgage
5 Gold Bonds
are attractive to in
vestors are given in a
special letter we have
just prepared.
We invite requests for
this Letter No. .350.
William P.Bonbright&Co.Jflc
MORRIS WISTAR STROUD, Jr.
Manager
437 Chestnut St., Philadelphia
New York Uoslon Detroit
London I'arl,
William P. Donbrl.ht A Co. llonbrlght t Co.
Guaranteed Income
Fed
5500.00 a Year for 20 Year
To any named Ileneflclary,
GUARANTEES $10,000 total pay,
ment regardless of length of time tns
beneficiary lives after your death-
At Ag"8 of 30 Cost $86.92 a Year
(Gross Annual Cost).
Bates at other aces upon application.
Address
Illinois Life Insurance Company
MARK B, LOCKYER, Manager
Stock llxruauite Uolldlng,
UartUted l'ubili- Atwuntaats
L-WnEMoi; V! iinnwu j. .
If IS JtHAL BSTASm TRUSS fUnLPlNQ.
Tradesmen! .
Make the Most of Spring and Easter Trade
Under the MORRIS Plan of Loans and Investments you can
carry plentiful stocks without tying up your ready assets.
Loans made at Business Men's rates. Repayment made easy
all and Jet us show how the Morris Plan will help you.
Supervised by the State Banking Department.
PENNSYLVANIA
LOAN COMPANY
1507 Arch Street
1 ssss.,.
"0 ll. UBNBY, Y. Pre.
H. IBO BUNT, Y. PrU A v,.
I
s