WW.,, ii iW,.i.r.ii';.ij,ri..Mr.-u ". i.i-i , ,. "i i ' m '
FINANCIAL NEWS
. - ll n 1 f .1 ii i " '"
MOVEMENTS OF STOCK PRICES
WERE IN HANDS OP ROOM TRADERS
Fitter Element Sold on What They Called Peace Talk.
Buying of Norfolk and Western Impressive
on Prospects of Increased Dividend
.New York Stock Sales
1
High Points in Today's Financial News
Initiat dividends declared by White Motor Company and Barnett Oil
uj I7xa 41. tnrniAf f .9.1 tui- .. nrtrt InHrr Qfl rent. Wf.tik'x hank
V clearings increased 61,1 per cent, Prices of nuts and bolts marked up 10
to IS per cent, in Pittsburgh, uommtuces representing security noiaers
of International Mercantile Marine meet next week to hear arguments on
Whether properties shall be sold under foreclosure. New York bank
statement showed increase in average loans for the week of $10,811,000
and actual loans advanced $22,809,000. Average reserves fell $2,906,210
and actual declined $2,83200.
NEW YCmK, March 18.
Thero was tho usual week-end falling oft In speculative Interest In tho
stock market today, leaving price movements almost wholly In tho hands of tho
room traders. This olement seemed to see tho dovo of peace fluttering In tho
horizon and at once started selling stocks all nround the room on -what they
colled peace talk. As a matter ot fact, outside of this clement there was
tod pressilro of stock from any source, and tho declines simply bettered tho market
position and made stocks again Inviting purchases.
Thero was Impressive buying, however, In Norfolk and Western, with such
houses as J, S. Bacho & Co., Ruttcr & Cross, as welt as numerous Investment
houses, buying that stock on Its advance of moro than two points. Tho Invest
ment houses seemed to havo positive Information that tho coming dividend will
bo 1 per cent., but reports wero current In tho Strcot that thero may bo
something extra as well. Why Mexican Petroleum was lifted over ono point
at the opening only Fred Lewlsohn knows. It did not stay at that high price'
long, declining quickly when somo traders offered a few largo blocks.
Distillers Securities was protected and resisted tho bear efforts. After sell
ing down to 46&, It had a quick rally of two points, and on both tho dccllno and
Odvanco was taken by brokers usually acting for lnsldo Interests. No state
ment was mado by tho directors In connection with the deferring of tho divi
dend declaration yesterday, but the Information of the purchnso of bonds and
tho Intontlon of declaring 8 per cent. In May was a matter circulated between
tho officials and their friends.
United States Steel common, with Its quarter rango during tho forenoon,
Indicated tho character of tho market In tho standard Issues. At the close
tho market tone wan steady, with prices of tho majority of stocks ranging
slightly under yesterday's final prices, but with stocks In scant supply nt tho
current quotations.
Tho foreign oxchango market was fcaturolcss.
Mink
Adams KijirPsi........l42
Alaska Cold Mines.... 21
Alaska J 'Gold Minn.. 10
Allls-ChalmersMri!.,.. 314
Allfc-CIialmcrs Mrs pf, 80
Am Beet Sugar.. ...... 73
Am Can 04, 'f
Am car & Foundry..., 72H
Net
tow. t,at. chan
141 142 H
21 M
OH
am -
80 - M
73
im a
72li - H
20H
OH
31
RO
72
mi
71H
Am Coal Productl 105) lfl-ttf 105W lit
Am Cotton Oil 00 0 0
Am Illdo Leather.... 10H 10J 10) - H
Am Hid A L pf fit fiOJf 80! - H
Am Ice Sccurltloj 20 20 20 M
Am Linseed 223j 22 22! H
Am Unseed pf 42H 12 42 IM
Am Locomotive 81U 7M 70!f IX
Am Locomotive pf 103Jf 103JS 103J
Am Malt Cotpn pf 3." 35 33
Am Smelt & Itef 102 10HS 101W - M
Am Smelt pf A 0214 02W 02!f 1
Am Steel Foundries.... fiOJi SHH M3 Ji
Am Sugar Itcf Co 112U ltlK lt2!f
.120H 120H 1203 H
.105 103 HMM IM
FRANCE TO SPEND i shruuujsr
$16,000,000 A DAY
FOR WAR BILLS
New Budget Plans Outlay
of $1,600,000,000 in Next
Three Months
Mi
0M
15
SSK
m i
00
Barnett Oil and White Motor Initial Dividends
CLARKSBURG, W. Va., March 18. Tho Barnett Oil and Gas Company has
declared an Initial dividend of 20 per cent., payablo April 20 to stock of record
April 10.
NEW YORK, March 18. Tho White Motor Company declared nn Initial
dividend of li per cent., payablo April S to stock of record March 25. It Is
understood that this action places the Issue on a 7 per cent, per annum basis,
and It Is semiofficially Indicated that further distributions in the form of extras
will bo paid during the year to bring the total up to 10 per cent, for tho year.
To Hoar Arguments on Whether Marine Shall Be Sold Under Foreclosure
NEW YORK, March IS. A meeting of counsel for several committees
representing tho security holders of tho International Mercantllo Marino Com
pany will be held next week to determine the selection of a special master to
hear arguments on tho question of whether or not tho properties shall bo
sold under foreclosure.
HEAVY SELLING
BROKE WHEAT
Commission Houses Liquidated.
Some Rally on Covering.
Tone Feverish
CHICAGO. March 18. There was a
farther break In tho wheat market this
morning undor heavy selling by commis
sion houses, due to pronounced weakness
at Liverpool and nervousness over proba
ble foreign developments. Covering
caused a rally from the bottom, but tho
undertone was feverish and sentiment ap
peared to favor the bear side.
May started at J1.07H to $1.06H. against
Sl.OSU at the close yesterday, July at
$1.0E)& to 5,1.05, compared with $1.06 at
the end yesterday and September at $1.05
to S1.04U. yesterday's last price. May.
later, recovered to $1.07. July to $1.05?;
and September to $1.05, but again wav
ered. May and July were both down Hi at
the close and September was oft one.
Liverpool expected heavy shipments for
the week and spot there was down Id. to
Bd., the extreme loss being on winters.
Heavy pressure was noted from Iondon.
There were no fresh developments In the
Dardanelles situation and rumors that
Brazil had seized German vessels were
without confirmation.
LeacJIns futures ranged as follows:
YeetVs
Wheat Open. Illffh, Law. Close, close.
May J.OTJi l.OTji -03!i l.Oflfi LOS
July t.osH 1.031. l.oitsM.osH l.ortH
September. 1.09 1.03 1.04 l.CHH'l.OSH
Corn (new deliver?
JIHT .....
July .....
September,
Oats
May .,.,,
juir .....
ijaro
May ....ii.:n
Jul I. ...11.45
M.ny'br:..n.
July .....12.05
Pork
May K.75
JUltf ....
ma.
H7 IU! ' 0
T8J 78 Tfifl 'Til?
781 73H 'l&H t70
UK 43; M3J4 t449i
4HK 42H 'iM 43H
iis
t Asked.
11.27
11.03
11.63
12.17
22.80
22.30
11.17 11.27 tll.lB
11.42 '11.52 til. 40
11.7S
12.00
11.02 'lLBO
12.17 12.02
22.85 22.80 t22.80
22.32 22.30 22.45
BANK CLEARINGS INCREASED
Philadelphia Third In List, With 65.2
Per Cent. Gain
Hank clearings through the clearing
houses of the country show large grains
for the week olosed yesterday. They
as-gresated $4,80,40J.7Ol. against 14.414..
946,731 last week, and K, 983,919,351 the
corresponding week last year. The total
ptin was t.l per cent.
" Philadelphia Is third in the list, with
$191,678,711, a 65.2 per cent. Increase.
1018. 1015.
NfwTork.II.S03.Stl4. 129 tl.SD3.318.B3:
180.783.040
11)1,618.711
32,023.181
330.324.11X1
60,680.202
23,810,074
114.007.787
116.028,353
T f.
4-84.6
57.2
U0.2
25,328.188 4-30.0
231. 433.7TO
6 1.033, BX 7
17,504,088 20.8
31.4
:u.i
lloaton ..
ruiaoa. . .
Hiltlmore,
Cbjcajo , , ,
St Ldula
ti. Orleans
Seven cities.
S flays. .13.402.302.803 $1,932,727,381 71.6
Other cities,
S days., 638,474.217 544.400,287 28.8
Total all cities.
S days.. $1,100,978,720 12.827,104.871 62.3
A,I C0?. 703.e2a.081 450,723.060 81.4
Tetal all cities
l3T-wteUtl.60a.403.701 12.S8S.B19.931 81.1
NEW YOIIK COFFEE MAHKET
NEW YORK, March 18. There was
very little change In the coffee situation
today The market held generally steady.
Priced at the opening; moved up 1 to 2
points. Salea on the call were 1000 bags.
At the close futures sold off 2 points.
March
lrll .
Tuna ....
July
4-Uf-Jit
jSiiitMubor
Koirter
Uimaa:
Ttdy's
imnlny
8.00
8.0OA8.10
K.DTrtS.13
10WH.1S
Today's
cioae.
Yesterday's
8.11
8.25
7970799
8.03 8.08
8.ii8.12
8.2208.23
T.S8(7.BO
7.D37.U3
S.988.O0
.0283.04
K.06WS.08
B.109S.12
8.148.1,3
8.1JS.1U
ii.:t)SH.2-j
8.2383.2s
9tal sales, 28.000 bacs.
Keichsbank'a Beserre Large
pgSUN; March 18 (via BayvDIe wlre
te .TJmj gold reserve in the Relchsbank
la Jl 4.000.000, It was ortlclally announced
toAHy. ThU Is o, material Increase over
Ui yefve of last week. Tho reserve
.. -viu-iju. currency Increased from, JT.6
-p !. tj 3$ isr ct
Private dtpoalU
New York Bond Sales
14300 Alaska Oil r f pd Os.104
;pim Amer Aur deb 0s... si!H
Hum Amr .Cot Oil 3s... U7j
liiliio ArKentino 0s IHH
S I3MOO AnBlo-Fr 3s 04
21IHm Amer M cvt 4''is!l07fi 107
1101HI Amer Writ Pap 5a. 71H JuH
JH00 Atchison cen 4s.... Ii4 UlVa
2000 Atchison adj 4 87 U 871
ovui. Aicnison cv 4s iueo.104 (
Low. Close.
jus ) luji,
IP7.
1114
Ul!
1
Chea & Ohio cv 4'na Hb
Chea St Ohio 4Hs... 112 is
t:hl & W Ind 4s 7S
Chi Ut West 4s 7.l(i
& Ft ueu ds iul.iu;f
ll n & Q joint 4s. usi
il IB 4 Q gen 4s.. iia'i 03 j 3i
ll M & Bt V cv 5S.107H 107N 107J,
31 & St 1" en 4Hs,102't4 102 102'-!
ll Mil A P 8 4s.. Vl OlTa 01
501)0 Atchison 5a
liioo Atlnn IJIrm 4s SB
won Halt & Ohio 3Hs... 1)3
1401)0 Halt Ohio 3s 10IU
2i)00 Halt ft Ohio 4s..... 01 J
2000 Halt & oh cv 448.. na,
20011 II lOPI, U4WV 4s US'!
21000 Chill Copper 7s 13lS
i.uu'i iui'a
iuim
1000
1000
3000 C & S deb 5s 1021.10:1
lhOiiii Chi n & Q joint 4s. VHK
4ikji, uni ij a
tiiiud cm
2000 C 3
1U0II Chi
3000 Col & Houth 1st 4s.. !I2
l-iioii cons Oas cv 0a I22W
200(1 Cumberland Tel is. :);
1000 Del & Hud 4Hs 101
10(111 Oel Hud 4s lUKl.ino'I
8U0OO Ills Secur Corp 3s. 73
Soon Hud & Man rrdBs.. 73H
200(H) Havana Klec 3s 1)1
10OO III steel deb 4 '.is.. H1H
1000 Indiana Steel 3s 1II3H
10(10 III C Chi St I. 3s. 102
2000 Ins Copper cv Os..looH
7000 Interb .Met 4Hs 73t
3000 Interb It T ret 5s... 1104
7000 Internl Paper 6s.... 102 H
3000 Jap now O S 4Hs.. 77'i
1001) K C Ft S & 31 4s.. 7.1!,
310D0 Kan City Tcr 1st 4s Ml
1000 lie HI w 1st... til)
10000 Lacka Steel Sa 1023.100
11000 do 3a 1030 !)31
1000 Lk Sh deb 4s 1031.. 1)1 S
1000 Ur t 31 T Ba 102 W
3000 do 7a 12IIU
101)0 Lone Island ?n 4s.. K8
2000 da un 4s 80
1000 Xkiu & Nash clt .is.. 105 U
3000 Manhattan Rta 4s.. U2i
oiiiiu inch state Tel 0S...101
tin
1)1 J
114 Jj
Oil
1"7
714
l1j
if
11)4
.101 101 i 101
80
03
101
111,
llll'i
ssh
131
hS
112 i
70 Ji
73 U
103
08 9i
ft it
h;
113
101
00,
131
ssi:
iB"
111
matt
!!
'i
lots loiH
IO11I4 HllHi
72 . 73 H
73 Ml 7314
III 04
01 i 01 ;
l(13Vn 1(13 U
102 1112
IOIIV. iooh
73 73 i
oil's noj
102V1 102 'a
77 u 77 ;
73 75
8HVi 883
0!) 00
00 i 00 "i
HSU 03'i
til", 04
UKZ'A 102 V,
12H,i 120 U
AH
8lt
10JU
02I
tnnsr
.I'M-T
88
hll
105U
02?.
10(1
3000 Jlex Pet C Us Ser A.11I1H 11BU 115U
..113
.. 40i
.. 40
. . 07
.. DOW
..101 is
113
111 'i
4(1 H
40
07
09 H
101
S2S
78
82 U
02 1
ua
11.1
01 Ti
-411 Vi,
4(1
07
1)0 Va
101
82 H
7N
82
02 S
UJ
t 6s 114 114H 114H
4s 1030... 001. U0T4 001.
a 1004 11)211 102 '1 102V.
k W 1st 4 a 83 S '!' 1 83 ti
Am Tal ".1 il fail
!!!H
70M
OSAi
UU4
. . IIJ7
J93H
. .1U4
. .103H
..10HI
01)
111 .
DO'.i
11.1 74 w.l
123ti 12.-IU
03Ji OSJi
103JI 103H
10110 do Oa Ser R
10000 Minn t St It 4s.
2000 Mo Pac ct 4s.,
1000 do 4s
2000 Mont Power 3a
2400 ? V Conn 4Us
1000 Nat Tube Sa ,
1000 NYC 3Ui ...
10000 X V C-M C col 8Hs 78 7t
tlOOO K Y C It 3Ws reg 82V4
B000 KTCt Hud 4s. ... 02H
OUUU QQ 4 7H ,. UA
iooo n Y cent
ouou w Y city
2000 do 4 ll
000O N Y Ont & W 1st 4a 83S
1000 N Y Ilwv ret 4s TrtU
C3000 do adj Oa illa
2000 N Y Tef Ben 4Ha.. 00
3000 Is'orf b West Poch 4s 09V.
1000 do 4s 03
21000 do cr 4s 1010-20. .123H
20000 do cv 4 Via 124
16000 Ore Short U ret 4s.. 03H
innn Dan R a .not!
2000 Penna ren ct'iU
23000 Penna en 4Hs..
luim x'eopie s uaa os.....uiai
2000 Public Serv N J 3s.. 00 '4
TOOO Ren rl L 9 Sa (1HI
1O0O Hock Island rfd 4a
1000(1 Hock Island Es...
1000 St Li 1 II it 8 an 3s.l01l
4000 Ht L, I M & 8 4s..., hi) 70 'i
17000 StI.&SF rtd ct ata 4 s 02 U 62 tf
1000 do sen ct 4s 40 41)
1000 So i N Ala Ss 1003 102H 102V4
4000 Seaboard A L, ad 3a 0'1'i cini
2000 da r'd 4s 70 (i 70 U
34 Will South. Pac cv 4s 88 S 88
410()il do cv ret t p 5s.. 103 1011
200OO do rtd 4s Ouii UOH
10110 Bouth Itwy gen 4s.. 72 72
2000 South It con 3s reir.101 101
2000 Term As St I, ret Is SOU K6U
100O Texas : Ok Bs 54 SI
DOllO Texas Co 6s 103W 103H
1000 Trl-Clty 6s lOOH 100H
inunu u a o.rci um ii, ,iuti 1111
1000 Union Paa 1st 4s.. 07 07
600(1 Union Pac cv 4s 93 ii 03
1000 Union Pac rfd 4a... . SOU ooli
liioo inimuu rn.,., (, 4avi
3000 Va Car Chm lit Bs, , 99 09
12000 Va Itwy Ss O.sH Ort
1000 W-P T 1st ct 4s 1 pd 30 80
1000 "West Md 1st 4 72& .72S
Total sales. 11.003,000, compared
$1,007,000 last Haturdjyi for week. 818,374
UUU) las. WCCK sw,uus,inru.
08
07
44
with
FOREIGN EXCHANGE
NEW YORK, aiarch 18 The only ap
preciable change In the foreign exchange
market as compared with yesterday's final
figures was an advance ot about H in
Swiss. Relchsmarks were 1-16 above the
low record at 71T- French exchange was
a little better, but otherwise the market
showed little feature. Sterling- held at the
beat, 4.78 for demand, 1.77 foe cables.
Other quotations were: Franc cables.
6.94 U ; checks, 5.95 2 relchsmarks, 71 and
71 16-18; lire cables, 6.70 ; checks,
8.70S ; Swiss cables, 5.21 ; checks,
6.!37 : Vienna. 13.48 and 12.50; Stock
holm, 28.80 and 28.90; pesetas. 19.15 and
19.17; guilders, 42 5-18 and K ; rubles.
31ft and 32.
BAR SILVER
Am Tel Tel
Am Tobacco....
AmTobpfncw 107 106!f 107 H
Am Woolen 53H
Am Woolen pf mi
Am Writing P pf 10'f
Am 7.lne L ft Sm 00'f
Anaconda Copper M... 87J1
Associated Oil 0!)!f
Atch Top & S F 101
Atch Top S F tif....lf)t
flalilwln Jjoco Works... 1 12) I 111M 112 H
Hall .V Ohio 89)4 HOH 80!i ii
Ilatopllas Mlnlnir 2M 2'f
llrookljn Hap Tr STH Sfti
llotto & Superior 03H 0.1
Cal l'ctrolcum 23U 2IH
Cal Petroleum Df fl-IW fil'f
Canadian Paclne 107'i" lOOJf 107M H
uaso J 1 Tr Jl pi 80 85U 80 1
Central Leather C,".J, f.5?
fi2!f - !i
mn - m
15!f M
mt -2
87! - 3S
09 - H
10.1'f 101
KKMi 100! -
STERLING GOES HIGHER
131 Am Tllirys
10 tfn nref
48 Cam Iron
40 nice fitoraao..
nu..
100 Ucn Asph
lou ao prcr ...
70 Ins Co N Am
2 I.akn 8 Corp
83 LehlRh Nav .
23 Lerilnh Vnl..
3.1 Irf-h V Tr pref 44
11 rjonn l'enna. 11.1
217 Penna 11 H....B75s
Illth
00
44
03
37
9.
10
70
Tot
Tiw.
29
Cloeo.
.
Net
ehre.
1U
03., 04 JJ
74 37?fi 5
17 Penna It 11
I Pa Halt M
TX
U. Toli 72 h ft
B3V4 X.TA !
sin ttt i'S
ni Inl 'l
2H
85X
P3W - Jf
2f - i
fillf - 4
5H Jf
Central Leather pf..,.110)f 110'i llOJf li
Chandler Motor IMH
Chesapeake & Ohio. . . . CoVfl
Chile Copper 22J
Chlno Copper C5
Chlcaco OreatWest.... lajf
cm ureat west pr as
C C C & St L.
Chi Mil &St P
Chi Mil & St V pf.
.in:
. 03H
1211H
04.ll"
cm
iii
13),'
37
Mi
12!)
4 - H
t-tti M
22). M
C5 . M
13M Ji
38 H
Mi -2).
03Ja - S.
12IIX - H
127H
17H - H
74
I7U - ii
STi
137 - H
22)f - K
00 X
Chi & Northwestern.. .127!i 127i
Chi It 1 & lac 175i 17?
Cluctt l'ca & Co 74 73).
Col Fuel & Iron 48!. 47)5
Continental Can 8.1 841$
Consolidated Oas 137)f 137
Corn Products Itef 22)i 22W
crucibio stool o7's nrif
Dclawaro & Hudson... 150H lfiWf ICOJf 1)4'
Del Lack & West 210 210 210 2
Denver & Itlo'Hr pf... 17 17 17 1
Detroit Kdlson 133 13.1 133 i
Detroit Edison rlchts.. -i AH 45S
Distill Sec Corpn 48H 40)j m. 15.
uamo .-Mines i'o L'j
Eric 38) .17'f
Erlo 1st pf fi3J. fi3)
Erlo2d Pf ifl 45
(Jen Chemical 350 350
Bar silver was Quoted la Loadsa today at
Sia-ltM.. wochanxsd.
Ocneral Electric ,1G9)S 109
(oodrich 11 F
Oreat Northern pf...
Ot Nor cfs for oro pf
Granby Consol
Orccne-Cananca
Illinois Cent 10.W
Int Agricultural 20H
Int Aerlcultural pf..,. GOJf
Int HarvN J 100'i
Int Con Cor v t c sh. . 17)i
Int Consol Corp pf.... 72)f
Int M M c ot dp 17'f
Int M M pf c of dp.. 734
Int Nickel v t cfs 18
Int Paper Co ii
Int Taper Co pf 494
Ins Con Copper 4b)i
K C Ft S & M Pf 01
Kelly Sprlnsfd Tiro Co 75
Kelly Sprtncfd Tiro pf. 07
Krnnccott Copper 57)f
Kln Co D h & I". ...130
Lack Steel Co S2M
I?e Rubber & Tiro.... 51M
Lehlsh Valley 78)5
Lorlllard P Co 189
Louis & Nash 125
Maxwell: Motors C4)i
Max Motors 2d pf 47
May Dept Stores 5915
Mexican Petroleum..
Miami Copper
Mo Pac tr cfs
Nat Enam &SCo...,
Nov Con Cop
New York Air Brake. .
N Y N II & II 004 004
N Y C &IIK 10SJJ 105!,
rsortnern l'acmc 114 114
Norfolk & Western..
Ont Silver Min 0!
Pacific Mall 20)f
Pennsylvania It It 57;
37!f - 5f
535, - J,
45 1
350 20
109M
5! 744 75 Ji"
1224 1224 1224
40!f ATAi 45)1 - H
91 91 01 H
19 4S4 4SJ,' - )S
103)i -l)j
20)i J.
OOU - Jf
09'f 10-!Jf -14
10,'f 10JI - .
72f - ii
17U - U
72'. - H
4S ).'
llJi h
40J, 1J.'
48 j
01
744 4 Hi
97 .4
SOT. - 4
1294 -
814 -1
51 - Jf
784
189 -8
125
01 - Ji
47 - 4
594 0)5
114JS 1123, 113 Ji"
37.4. 304 374 H
103)4
20),
004
724
17
724
479S
114
49
47 i
01
74
97
504
1294
814
51
7S4
189
125
034
404
59)5
4!i 4,4
27 204
15Jf Ifijf
1404 14;
14
204 4
15)'
147 -2
004 - Jf
105),' i
114 Ji
1244 1224 123), 1J".
04 04
20 20 -14
574 1 57). ii
reoplesGas Chi lot). 1014 1014 ii
Philadelphia Co 424 424 42)5
Pitts C C & St L 814 79 81434
Pitts Coal Co N J 284 284 28?f 4
Pressed H Car Co 554 55 65. )i
Quicksilver pf 54 54 54 )f
Hay Con Copper 244 244 244 JJ
Iteadlnz 884 87 874 Ji"
Itcadlns 2d pf 404 404 404
Republic Iron & S G44 534 534 JS
Hepublic I & S pr...
Hock Island
St Louis S F
St L Southwest pf. ..
Seaboard Air Line pf.
Sears Hoe & Co
Shat Ariz Cop..
Sloss-Shef S & I pf...
Southern Pacific
Southern liy
Studebakcr Co
Tenn Copper....
Texas Co
Texas Co rights.
Third Avenuo
Union liaa & Paper,
Union Bag & P pf . ,
Union Pacific. .
1114 111)5 111.4 Ji
J5 Ji H
A 4 4 - JJ
43 43 43 -1
354 35 354 - JX
...170 170 170 1
374 375J 374 - Ji
03 OS 08 Jf
094 09 09 JS
214 214 2154 Ji
147Jf 1444 1404 Jf
57Ji 574 573i - Jf
2034 2014 202 Ji
184 184 184
00)5 004 G0)i -1J
SJf. 8)4 85i Ji
35 3234 35 3
1334 1334 1334 34
Union Pacific pr 83 S3 83 )4
United Cigar Stores.... 9)5 9)i 9)5 )i
United Cigar Stores pf. 12 12 12 Ji
United Cigar Mfrs 02Jf 59J4 02)42)4
United Fruit Co 147 117 147 Ji
United Hys Inv Co.... 154 15)4 154 34
United Hys Inr pf 304 30)4 30,'f H
USOIP&F 254 25H 25)i Ji
U S Ind Alcohol 1574 1544 1504 Ji
u b jtuDoer 51 K14 534 H
U S Rubber 1st pf 10034 10034 109)4 J5
U S Steel Corp E6)i 80J4 SOJi 34
U S Steel Corp pf 1174 1174 11734
Utah Copper 82)4 82)4 62)4 Ji
Va-Caro Chcm 40 40 40 H
Va Iron Coal & 0 5534 5534 55)4 J4
Wabash 14H 144 14)4
Wabash pf A 43)4 434 43)4 4
Wabash pr B 28 27)4 27J4 34
Wells Fargo Exp 120 120 120 1
WestE&M 68)4 07H OSJi Ji
Western Maryland 30H 30 30 Ji
Western Union Tel.... 01 00.4 004 Ji
Willys Overland 237 234)4 23434 2f
ft lilys Or pf s r f p. . . 1054 105)5 1054
Woolvtorth F W ...22H 122H 122M Ji
Total sales, 332.000 shares, compared with
202.400 sliures last Wuturdayi for week, 4,000,
000 shares) last ueek, 3,183,100 sliures.
LOCAL MINING STOCKS
TONOPAH STOCKS.
Bid.
Jim Tlutler 8.
MacNamara oil
M la way , 17
Mlzpah Extension IS
Montana ... , 25
North Star IS
Tonopah Ilelmont 4 3-1 S
Tonopah Extension 4 7-10
Tonopah Mining ,,..BH
Rescue Kula... .-.....,, .33
West End 00
OOLDFIELD STOCKS,
Atlanta , ,, .16
lllue Hull ,....,,, ,02
tooth ,,., .31
llulldoc .,.,, ,01
(! O D... ,-,..... 03
Combination Fraction 00
j iiamonanem u u., ,,.,,.
liaisy
GoldAeld Consolidated.,.,.,..,
Doldlleld Merger..,, .,,,,,,,,,,
Jumbo Hxtenslon .............
Kewana ,,., .14
Oro -... .........,,..,..... .04
Kand Ken... ,.,.,.,.., .04
.04
.40
.88
.11
.78
Silver Pick
Fairy Altec.
Klmwriy
Nevada
Tlroim
qvada.
urn...;
Un....,
Wonder
.Od
MISCELLANEOUS.
.,,...,......... .01
..a,.......,,.... .01
:tt
1.6S
Asked.
.N7
.08
.10
.-0
.3.1
.71
.17
.04
.33
.03
.04
. ,()H
,03
0(1
,4U
.00
:I5
.10
:
.07
,03
.03
.20
.50
1.70
Eeneflck Zinc Initial Dividend
NEW YORK. March 18. The Keneflck
Dy YVES GUYOT
Editor t.'Asencc nconomldua of Flnftnclere.
Special Cable to Kventna Ledger
PAIHS, Mnrcii 18. Tho Chamber hns
now to voto on tho budget for tho next
three months. Tho committee lias mado
no change In tho bill na presented by
tho Minister of Finances, and It provides
for a daily expenditure of $1G,000,000 after
April 1, with an avcrago monthly ex
penditure of $500,000,000.
Franco votes Its budget every thrco
months, partly for financial rensjns, but
chiefly bo tho leclsliilors are suro of
being In session from ono end of tho
year to the other.
There haR been a biff demand for
nngllsh bills, which has sent tho value
of tho pound tip again. The recent nt
tempt to regulate English oxchango by
handling securities through tho Banlt
of Frnnce does not seem to havo been
successful, chiefly because London was
not nblo to absorb a rultlclont quantity.
According to tho Amsterdam Heporter,
Herman exchange. Is steadily falling, the
principal reason seeming to bo that Ber
lin no longer has gilt-edged securities
to plnco to their credit with Dutch bank
ers. The CJormins nro now trying to sell
In Amsterdam Husslnn. Chinese, Japa
nese, Scandinavian and Portugucso stoclis.
The Bank of Franco has Increased Its
gold stock from 4,200,000.000 francs to
E,023,000,000. Advances to tho state havo
Increased 200,000,000 to 0,300,000,000.
101 I'a Htcel pfd H8U, OSU, 0SJ4 ..-u
110 Phlla niectrle 27JS 27J4 27S H
r. p it t t c... in'.' io' li'U if
ii tin tr ctrs. inn
n fhllrt Trn.. . ia
400 itcndlnjt ..... 87 y.
100 Tonopah Hel.. l'i
705 Tonopah Mln. .liH
12.1 Union Tract.. 43!'
,27 unitoii ti imp Hiiji
2lo,1 U H Hlecl 0H
no Wont Kleo ... 07 ti
on W Cramp A 8 82
100 York Hwy ... 11
inV
43j1
80 .
o?l,
80
11
10
I'm """ Sj
.
a
RAILROADS BUYING EQUIPMENT
EARNINGS OF CARRIER gOOD;
Income of Roads Reporting for First Week of T,Iarf.rJ
Nenflv 1R Pp.v nerit. Above Lasf. Yonn .. J
Stock Rose Two Points
Totnl sales. S072 shares., compared with
7377 MiarM Init Hntnnlnri for week, 81,420
.linresi last week, 08,015 snares,
BONUS. Nel
llluh. Low. Close, chnnite
aooo Phlla nice 4s. 84 84
2000 do Ss 101 104 101
1000 Stand tlas Os.lOd. 100.. 100
Kioo Un Ity Inv Os. 7l',4 7IW
100 Welshnch 5a.. nil 00
mono WNYAP en 4s 8IJ4 84!i
oooo York Ry 1st 5s 0.1 U 03
lncrcaso. Uccrcase.
. Total sales. Jill, 100, compared wllli (3O.S0U
Inst MiiOirilnrs for week, 8320,2001 Inst week,
S U.I, r.oo.
rtallroads continue largo buyers In the
equipment market While many of tho
orders which are now being placed are
for replacement purposes, yet It Is safo
to say that much new equipment Is being
Added, especially freight cars. This has
been brought about by tho largo demands
for cars for tho transportation of freight,
both for Europe and domestic purposes.
When the earnings of tho different car
riers wero showing decreases and many of
them very large, more than a year ago,
tho railroads naturnlly did not order any
I new equipment. That, of course, Is his
tory now, but it is only pointed out to
show that with tho bottermont of earn
ings roads havo begun ordering largo
amounts of much-needed equipment. The
fact must not bo lost sight of, however,
,
71H k
no
M '
PHILADELPHIA
MARKETS
record March 21,
GRAIN AND FLOUR
WHEAT Itecelptn. ln..snD bush. This
market was ncnln 2c. lower In sympathy with
tlm West. (Juotntlons: Car lots. In export
elevator. No. 2 rnl, spot and March, SI. 1.1ft1
1.10: No. 2 Southern red. tl. 11 Ml. Hi steamer
No. 2 red. $l.lo5I!l.t3; No. 3 rnl. J1.10SJ1.13;
rejected A, tl.07'4 W1.10W i rejected II, $1.00
l.(io.
COHN Ilecelpts. 18.330 hush. Thero was
little trading and prices declined V4c. OITerlmis
were, nmpte. Quotations: Car lota for local
trade, as to location No. 2 yellow, MOSHp.;
atenmer yellow, 70iSSOe. : No. 3 yellow. 711
77r,; No. 4 yellow, 7475c: cob, per 70 Ilia.,
78070c.
OATS Iterolpts. 41.003 bush. Tho market
was dull and tie. lower. Quotations: No, a
white, BHWS2c: stnmlard white. 40 li SJ
r,(IJ4c. : No. .1 white. 4S'4fp loHc: No. 4 whltn,
4fll5'l714c. : sample onta. 43!4 I IHci purl
lled o.its. (traded, 403lBO'ic.
IT.OL'It Ilecelpts, ltill) lihls. and 1,311,208
Mm. In sacks. Tlier, was llttlo trading and
vnluea were reduced about 10c. per barrel. In
sympathy with tho decline In wheat. Quota
tions per 10(1 Ihs. In wood Winter clear. 11.0(1
wn.in: straiirht, jri.iov.i.HO; do., patents.
13. .".(15.75: Kansas, clear, cotton sacks. J 1,70
ff 4.IMI: do., straight, cotton aackn. $5.2ft
5.10; do., patent, cotton narks, $.V10ifJ,.itii;
stirlnc, llrst clear, t5.lAflTi.40: du.. strnlRht,
t..-IOr..ll.i: do., patent. iri.1131r5.011: do.,
favorite brands, to. 15 W rt.05; city mills, choloi
and fancy patent. ttl.lD4T0.un: city mills, regu
lar Brades Winter, clear, t4.H(i5.ir: do ,
siraiKht. io.irijTi.iu; ao., patent, .j.;iuw
0.73.
ItYR IT.OUrt sold slowly and showed no Im
portant chanire. Wo ouoto at t5f3.uO per
bbl., as to fiualltv
PROVISIONS
Tho market ruled firm, but there was no
rinrtlculnr activity In trailc. Quotations fol
ow: City brct, in pets. ftmnUe.l and nlr
drled, 2J4!2."c. : Western bfet. In 8ett. amoked,
I'lUSc. ; rlty trf-of. Unucklea ami tendern,
pmoked and nlr-drled, 2Hl!7c. ; Wrntern twef,
knurklea and trndr8, smoUed. '2ii&'2Tc; heef
hams. SI'S f? SO; pork, family. SL'S.QOOS 1;
hams, S. 1. eurotl, loose, ltll.&17c; do.,
r!dnned. loose. 10Hlc. ; do., do., smoked.
i4P18Vic. : other hams, smoked, city cured,
na to brand nnd average, 176 OlHc. ; hams,
smoked. Western cured. 17!ffM8c. J do.,
boiled, bonelcsa, 30c. J picnic shoulder?, H. P.
cured, looso, 111 He. : do., smoked, lflwlSlic;
belllpn. In pickle, accord I nir to avcracc, loose.
HMIilTtc; hreakfnst bacon, as ta brand nnd
avernee, city cured, 17tflfic.; do., Western
cured, 17lc. j lard, Western, refined, tierces,
12 lie; do., do., tubK. lL'Hc; do., pure city,
kettlo rendered. In tierces, 12Hc. ; do,, do.,
do., In tubs, llilc.
REFINED SUGARS
We nuotn
nowni
U.BUWO.UOC.
'owdered,
sort
The market was quiet but firm.
Hxtrn fine Kranulatrd, H.U0(ii7o.-t
7y.iuc.: roniectionefs' A.
irraues. u. ibtj u.c.
DAIRY PRODUCTS
Clinnsn OrfcTlnKs wero lleht ontl the mar
ket ruled firm, but there wns little trading.
QuotatUns: New York, full crenm, fancy,
lH4(rt'i8ic,; do., do., fair to pood. held.
nNffrlMie,: do., do., part aklms. lllOc.
MVl? The market ruled Mteady but nulet.
Quotations: rowls, choice, IN (Mile; roosterH,
11130.; sprint; chlrkens. soft-meated. lttiP
t.(ic. ; do., stanKV. 14W15c. ; durka. as to slzo
and quality, JMlci'Oc. ; nefse, 17lUc, ; plceons,
itd. imt pair, 'HliOci do., youuir, per pair,
IILTTTKn Tho market ruled firm under
lleht receipts, but wholesale trade, an usual
on iJaturday, was quiet. Quotations: West
ern, fresh, solld-packed i ramry, fancy
p pedals, inc.; extra. 3c; extra firsts. :.7c;
firsts, .T",ct:tOc., seconds. :,( RJc; nearby
prints, fancy. 41c; averaco extra, 33d Kic:
llrstH, a."i(f IiTct second1. 33 M .'He: Hpectal
fancy brands of prints Jobblne at -11(3 17c.
lifiOS The market ruled steady und?r mod
erate offerings and a fair demaiul. Quotations:
In free cases, nearby extra. iMlc per dozen;
nearby first). JU.43 per standard rase; nearby
current receljitM, S0.30 per case; Western
extra firsts. Jt..-i."i per case; do., firsts. $0.30
per case; Houthern. per case, J.VK.'Gf'it.ao, as
to quality; fancy selected esua wero Jobtne ut
t.'7wSUc. per dozen.
FKESII FRUITS
The market was nulet and without Import
ant chanso. Quotations: Applea. j,(t bill.
Jonathan, fancy, t4'ti).'i: do., fair to irood.
IS.SOifS; Wlnesap, t3&l; Ilaldwln, tS..r.(ii':i;
..icviiuiK. -..,ii'.. ,.,, itiriv imperial, .uf.i
tl.7l
iiiPl'.fn; other varieties, 11. mi
SI L'.'.Jvl.nU: nniilei. It, hitllc
per Iff) Ihs., 30c wtl.SI): apples, Western, per
uk. i,.ii'v.i uruiiKeB. r lurma
lien Davis.
OC'.r.ll; Mo.
lut. pnlu
... -. .. .' -- ---.--..., , . h.U.u
.-usr.i.nu- taneeriiea, norma, tr sirap,
'Jn05j'4: eTaiwfrult. KlorMa. imt crato, tl.SO
3: lemons, per box. J3W4: pineapples, per
crate 1'orta Itlco tJ.5ll3.5(): Florida. 12.311
SPa..'iO: cranberries, CapoCod. rer bbl,, J8W1U:
do,. Cape Cod par crate, i'J.30O3: do.. Jersey,
per bbl., t78: do.. Jersey, per crate. t24j".SO:
strawberries. Florida, per it. Hefrlceratora,
;3tf:i5c. ; open crates, lbi5t.
POULTRY
DltnsSED Ilecelpts of desirable stock
were light and the market ruled firm, with
demand equal to the offerlnes. Quotations:
l-Yesh-kllled, dry-packed Fowls. 1 to box.
dry-packed, fancy, selected, lloiic. : welzhlnx
thiiii lbs. apiece. SOa; welghliur 4 lbs. apiece,
I'Oc.; n-flshlnir 3H lbs. apiece. 10c: welsh
Intr 3 Iba. apiece, 1701Sc: fowlB, In bbls..
dry-picked, fancy, weighing 4HI1 lbs. apiece,
lOHc. : welKhlnt; 4 lbs. apiece, loWc. ; smaller
sizeu. 111 V 10c. : old roosters, dry-picked. ISc. ;
ct.lckens Jersey, fancy broilers. 24 0ydc. :
other nearby fancy broilers, S2024e.: West
ern broilers, weighing; 1H2 lbs. apiece, TJ
?24c. : Northern Illinois chickens, fancy yel
low, weighing 4 lbs. and over. In poxes, 21
e23c. : exceptional lots higher. Northern
Illinois, fancy, welghlns 2 hit 3 V, lbs., In
boxes. IKOlOc.) Northern Illinois, fancy,
weighing SH3U lbs.. In bbls.. I7ltc':
other Western, weighing 4 lbs and over,
In boxes, 18010c; other Western. welKhlnc
Sl43i lbs.. In boxes ialTc; other ".
ern, welghlni: 2K3H lbs., in bbls., 15 Kip. ;
Inferior, 14c; Capons, per lb.-Welghlng 8010
lbs. apiece, 37 4 2bc. : smaller slxea. 2320c.;
turkeys, fancy young hen and toms, 31c:
do., fair to choice. 230300. ; old toms. 23c:
sprlne ducks, nearby. lS20c: do.. Western,
fancy, 17 018c; do., do., fair to good, 12013c:
geese, 13020c: squabs, per dozen White,
welghlnii 11012 lbs. per dozen, 15.85810;
white, welchinir 0O10 lbs. ner dozen, in 'iKti
3.75; white, weighing 8 lbs. per dozen. t4(j
4.75s white, weighing 7 Ihs. ner dozen. 13.250
W.,a, V.IUI.V, lVB(4,ll,t. ..U.W71 ,U9.
tW.r H.Ian
... r. i&i .....t. . Kf.tfTI. u...l, j ..:
(101.30.
VEGETABLES
Desirable stock was generally firm with de
mand equal to the limited ottering. Quota
tions: White potatoes, per Lush., Pennsylva
nia. 1.25l.iSXdo.. do.. New iork. tl.150
1.18: do., do., ilalne, il. 2001 23: do", do?.
Western. 11.1001.15; do.. Jersey, per basket.
No. 1 Hose, 110070c.: do., do.. No, 1 other
varieties. 00070c; do., do.. No. 2? 80040c
Bwwt potatoeg. Jersey, per basket. No. 1.
45030c; do., do., No. S. 23030c; do.. Jer
sey. Delaware and Alaryland. per hamper. No.
I. 75c. tl; do., do.. No. 2. BO06Oo.; do.. Vlrl
ginta. per uui.. j.o w u. woiont. per 10(1-
id. naif. IVO. X. m1S ...,, UU.. UU.. MO. '.
11.20; do.. Colorado. lancy,
Y.bb-1. Tlanlrth- tir ton. tlfiu
per tamper, 75c. Otlj do.. Bouth Carolina, per
crate, tt.2501.50. Celery. Florida, per crate.
do., do.. No. 2, 75c. 0
incy, t2.733. Cab
tlB20; do Florida.
Solnacn. Norfolk, be;
uiyr. 11V1.33.
per i
&L"nb
11. 7392.23.
Norfolk, per bbl., fl30BOc. Lettuce. Florida!
per baskel. 73c 0t2: do.. South Carolina, pei
basKel. .4Va;utf., ..u... k,viih,
11HJ
Peas. Florida, per oasitet. jowo. reppei
iai
Kale.
7I. r.rrfn 41 rtr. hnu ..l.a.J n .. I.lll.l I
dlvtuend of 11 a share on 1U common f Florida! per crate, 120. !.M. . Tomatoe,
BtocJc. payable March 30. to holder et Hxr'rttl&'' MShWmV." S.V ih' iT.
ket. tl02; do.. North Carolina, per basket.
(1.B0. lleaiu. Florida, per basket. t20a.
.. 5rt?. SSL, ff&tA'Sfi- &!
rffisa:
Local Bid and Asked
Today Yesterday
Ilaldwln
Drill. J. O. ...
llurf A Sus T C
do preferred
Cam Htcel , , . .
nice HtordRO .
lien Asp
no preierrca
Keystone Tel 144
do tr ctfs 14 W
Hid. Asked. Bid. Asked
.111!
. 42H
. 41
. r.H'4
. 37 ji
7.
110
111 IOU
70 4 2"'.
78 Vl 7 14
23
44U
rat
27 J4
43.4
41
rlo nref
t.nko Hup Corp , .
I,jh!uh Nnv . . . .
I.fhluli A'nl
Lehigh Val Tran ... 2
do prer 4 1
Penna 07 K
l'hlla Klec 27 U
I'hlln Co 42M
no i per cent, prer . ;w
no, il per cent. prof. 4
Mil a ft T t o : I
Itendtnir H7
Ton Hel 4 1-10
Ton -Mln ii
union Traction 4
II ( I BO
V H steel 80
York Itwy ......... 11
do prof niHi
Wm Cramp t c 70
it1
43W
42
XI 4
ill
37 14
72 H
10
10
70
a"..
I 1-10
80U
871
3
80
8(1.
11K
37 A
S3
112J4
42,4
41
ti84
80 4
03
37
724
"4
08 H
lnj.
73 Ji
78
am
:
424
3.,
43 4
10 'i
87 fi
4
80 (5
811 4
11
7
80
113
i?8
no
81 U
04
37 '4
73
in
oS'4
10l4
70
70
42?-4
4
434
41
Ilk
80 JI
HO J
114
37 'i
84
tit; 7Se.Wll.40.
COTTON, AFTEIt SELLING
OFF, WENT UP EIGHT POINTS
Indications That Drought in South
west Will Bo Relieved
KBIT YOIIK, Mnrch 18. Business on
tho Cotton ExchnnRO tills mornlnjr tvns
confined to tho local traders, most of whom
seemed to bo acalnst tho market, nntl after
nn opening range of advances of 1 to 3
points In tho active Issues, the offers In
creased nnd forced prices back or to bo
low yesterday's closing. February started
nt a loss of 1 point on a small sale. The
tone held comparatively steady, however.
The market recovered later In tho day,
closing nt an advance of 8 points.
The market ruled quiet and steady In
tho late forenoon, with business confined
very largely to local interchanges.
The Indications for cloudy weather over
tho Southwest within tho next 48 hours
ted to a hope that tho severe drouth from
which Texas and Oklahoma have been
suffering for nearly two months would
soon bo relieved. Austin, Tox., wired that
tho drouth was becoming serious over all
of Texas, but that thero was still tlmo
to plant nnd mnko a good crop of cotton
should rain como soon.
High. tow. Close.
11.88 11.83 11,83
11.08 11.80 11. VII
12.18 12.00 12.13
12.28 12.17 12.27
12.43 12.32 12.43
12.48 12.41 12.48
11.03
Liverpool Cotton
r.TVrcnPOOL, March 18. Spot cotton
was in moderate demand today at 0 points
decline, on tho basis of 7.81d. for mid
upland. Tho sales were 3000 bales. In
cluding 2450 bales American. Tho Im
ports wero 20,000 bales, Including 13.500
bales American, Tho market for futures
closed quiet at a net decline of l'32ft
points.
Yes. close. Open.
March..... 11.7(1 11.88
Mny 11.02 11.04
July 12.10 12.11
October. . . . 12.20 12.22
December.. 12. an 12.30
January... 12.40 12.41
Spot 11.05 11.05
Financial Briefs
Edward C. Spring has been promoted
from manager of tho Philadelphia divi
sion of tho Lehigh Valley Transit Com
pany to superintendent of transportation.
Tho annual moetlng of tho American
Telephone and Telegraph Company will
bo held on March 28. Transfer books
closed March 1,7 and reopen March 23.
Banks lost to tho Now York Subtreas
ury yesterday ?803,000.
Tho Bank of England today received
015,000 In sovereigns from abroad.
In connection with the bankruptcy pro
ceedings now pending In tho United States
District Court, a final meting of the
creditors of William Jj. Bear, trading
aa William t,. Bear & Co., will be held
before tho referee, David N, Amram,
1610-11 Beat Estate Trust Building on
Wednesday, March 2D. A final distribu
tion will be made of the funds In the
hands of the Franklin Trust Company,
Settlement hns been made by tho Fed
eral Reserve Bank, of Philadelphia, for
close to SOO,000 of tho il, 000, 000 United
States 2s, which It has purchased from
Its member banks.
NEW YORK BUTTER AND EGGS
NEW YOrtK. March 18. nUTTER Market
Arm; fine grades steady but quiet; all other
qualities active and firmer. Ilecelpts, U154
packagea. 1-lxtra creamery, 37'4 036c,; higher
scoring-. 3SH03OC.) State dairy, 3OK037c;
Imitation creamery, 2t)02Ul4s.
EGOS Market clearing- closely and' prices
stronger. Ilecelnts. 12,300 case. Extra firsts,
22c. i firsts. 21rtlHMc, ; white eggs. 20027c;
brown eggs. 23024c.; mixed color, 21H0
22 He,; refrleerator best, unquoted.
BUILDERS -
Ilefore your present company has n
j clianre to say ''No," ask me about
' placing our surety bonds. I'll lire
sou the bet of service, relleie ou
of all details. Insure your setting
lonest rules and protect you In
eierr way. Oct 1CE.U, rJKKVIL'12.
HARRIS J, LATTA
Pennsylvania Bldg.
Charles J. Bender & Co.
INVESTMENT BONDS
Wembers Philadelphia. Stock Exchanje
421 CHESTNUT STREET
KEHEFICK ZINC CORPORATION
IIS Ilroadwuy, New York City.
Notice la hereby given that an initial divi
dend of ten rents (1.10) per share has been
this day declared by tbs Hoard of Director
on tba Common without nominal or par value
capital atock -at the Kenenck Zlno Corpora
tion, payable Marth 30th to holders ot record
March 23d.
Transfer books close at 3 p. ra. March 23d.
and reopen at 10 a. m. March 31st.
ARTHUR DAY. Treasurer.
New York. March IX. 1010.
DIRECTORY OF ACCOUNTANTS
Cartlfled fublU Accountant
LAWRENCE B. BROWN CO.
1015 HEAL ESTATE TRUST UUILDINa.
per cent, compared with 4 na
In tho previous year. There LP.er """
Plus of B,347. against nothClri'lSTr
Total operating ravenue of th b.iii ""
Chesapeake and Atlantic was ll Ai ?rl
ngalnst $1,210,115 In lmTnet ' '
compared with $146,877 last war Mu
'What will happen when the 8uDD,T ,
American securities which EnVlJ f
paying for supplies this country ..U
-that Is, when they have all bn t!
In our markets? In this week'a i JM
letter Chandler Brothers & C VS"
subject! "It mayVbe that EniL,? thl1
havo to fall backupon her owrfdomS
stocks and bonds, mobilize them. .l"-
has done ours, and tun, them oi 2'
In liquidation of liar ,ld,. T t.IAr .? ?
ff?S K.U" ".!.J!L '?-S. ,.s. B"l r' "0W.:;cJ' ' ?P Interesting thing to see 77 b!
l""l."',n "'"""" "'."ri'i.i"" ".;.. "Is i Northwestern and Midland luiiw.. Iv4
nguro In our tickers nnd take ihi T.!'
on our brokers' boards, perhaps In a ?
arato llttlo space of their own, lu.t fT
InSS? o7feTht!ffi,p0hn,a0V,5cT
change today. Movements of price ,S:
Irregular. On the sale of 60 shares Cnm
stock moved up 2 points, makln P?
in two days. Lehigh Navigation rose tj
and American Hallways iyt. while Inmi: A
anco Company of North America lostT 3
Heading was down nearly 115 points' H V
u11upD.11 Mining snares touched a n
low mark for tho ycar-6, a low ot
as compared with the final price of yeit,?
day. Jlqro than BOO shares crfa'
reported are compared with very lean pe
riods of last year.
Tho total of all roads which have re
ported earnings thus far for the first
week of March show an Increaso of nearly
16 per cent. With very few exceptions
every road reporting makes a satisfactory
exhibit, which Indicates enormous traftlo
In virtually overy part of tho country.
The annual repcrts of the Philadelphia,
naltlmoro nnd Washington Railroad Com
pany nnd the Baltimore, Chcsapeako and
Atlantic Hallway Company, both for tho
year ending December 31, 1916, .wero Is
sued today. Tho former showed railway
operating revenuo of $21,311,133, com
pared with $20,367,562 in tho previous
year, and not Income of $2,147,173,
ngalnst $1,229,152 in 1914. Tho earnings
on $25,138,925 capital Btock wero 8.54
hands. Nothing r ., iJ.TJ l.'lnanK
curred In tho bond division. 'U"anM
PRESSURE ON CURB;
PRICES IRREGULAR
Cuba Cane Sugar Down Nearly
Point Oils Were
Easier
NEW
activity
TOnK, March 18. While fair
waB shown In tho market for
outsldo securities today prlco movements
were Irregular throughout tho list. At tho
outset firmness developed In tho leading
Issues, but after tho first ten minutes con
siderable pressure developed, which
brought about a reactionary tendency.
Cuba Cano Sugnr, after a small ad
vance, cased off nearly a point; Midvnlo
Steel opened up nbout ?, but subse
quently fell a point.
Tobacco Products moved up 14, but
later declined 1V4, Submarine float de
veloped activity and after n gain ot 1
declined 1-li from tho highest.
Oil shares were less active nnd gener
ally caster. Tho Standnrd Oil Issues,
however, ruled steady.
INDUSTRIALS.
Aetna Explosives
Amcrlcnn-Hrltlsh Mfit
Atl Quit W I S S
do nref
Amer Marconi 3
AJax itubber inc w I
Canadian Car & Foundry. .... .
do pref
Chevrolet Motor Car. .
Curtlss Aeroplano
Cuban Cano Sugar
DrlEBs-Healmry
Kmrrson Phono
Haskell & llarker Car
llendee Manufacturing
Inter Mcr Marine
do pref
Kathodlon Ilronzs pref
Manhattan Transit
Maxim Munition
Mldvaln Steel
Otis Rtevntor
Otto Klsenlohr w I
do prrf
Peerless Motor
Toolo Dnfr &' Mach
St Joseph Lead
S S Krcflire w 1
Standard Mntora
Submarine Itoat v t c ctfs
Triangle Film v t ctfs
United Profit Sharlnc
IT S I.lsht & Heat
II H Light & Heat pfd
White Motors w 1
World Film
1
7.,
ns n
01!
.14
III!
27
13.1
40
ft
:iVS
4 '4
en
Hi
STANDAIID OIL SUnSIDIAIUBS.
Prairie Pipe '.'34
Illinois 184
Ohio Oil 2.111
S O of California
S O of New Jersey ....
SOnl New Tork
Harnett OH
Cosden Oil
Chalmers Oil
Houston Oil
Midwest Iteflnlna-
MINIMI aiUUKH.
Hid. Asked,
sail 83 "i
2ii :io
:i24 aa
a(5 aJ
70 71
. . 11.1 711
. . n." on
. .1011 102
. . 47., 02
. . r.s;; mi
..lr.n 1.-.2
.. llJi 12
.. 48 41
. . 2.1 28
.. 17 18
.. 70 75
o on IL
1 -ITS
7i
no
115
no
101
28
la7
17V4
la
n
44i!
r.
02 14
1
NEW YORK BANK STATEMENT
Loans Increased While Reserves Dti
cllncd
NEW YOniC, March 18. The Ul
mont of condition of tho members of tb
Now York Clearing Houso Association
showed an Increaso In avcrnge loans of
$10,811,000, and actual, $22,809,000 Pj
serves. In average nnd actual, declined
Details follow: unw.
AVEIIAOB.
Loans, Increaso
Demand deposits, Increase
Time deposits, Increase
Reserves, decroaso
ACTUAL.
Loans, Increaso
Net demand deposits. Increase. .
Time deposits. Increase
Reserves, decrease
UO.S11.M0
. 1.699.000
3.H4J.0OO
2.SOS.310
.1:2.809,000
. 1M7S.0OO
2,83200
RATES FOR MONEY
sl.
?8i.
ixew tone . l ii vt
Philadelphia :H54
imsmn :i
Chlcasro 3HQ4 4
Commercial paper, three to six months,
ndelphla, 3V4(W4 per cent.
Sapulpa
Atlanta .,
Cerro
Ilutte C & Z v t ctfs....
Ilutte &NV
First National Copper. . .
Ooldfleld Merger
Hecla Mlnlne
1 town Hound
Jim Ilutler
Jumbo Kxtn : . .
MoKma Copper
McKlnley-Darratrh
Mlnea of America
Nlplsslns Mlnea Co ....
Ban Toy
West End Consolidated
Keneflck Zlno
. n.i.i
. ..022
...213
... la
... 21?
. .. II
...17
07
14V
111
38
BONDS.
Cerro Os .
Krle 4s . ,
Mldvale fis
11
S8
RO
80
17 W
40
.1
1?"
.116
. Oo
237
18(1
241
3.17
r28
2115
13 U
"S
18
08
UH
18
3011
ntt
3M
OH
13
4V.
r.i
88
m
17t4
3 if
on
18
73
14H
118
hi
OSU
HANK CLEARINGS
Uan'c clearlncs today compared with corn
spondlmr day last two years
loto. loin. 1914.
Hoston ...J30.n.1(!,7.1(l $23,835,778 $20,232,449
New Torlt.B33.Hlll.8lin 211.72.1.030 3.:n.1 Ml
Phlla 30.030,025 23,008.372 S3.89S.4IS
LIVE STOCK QUOTATIONS
CHICAGO. Mnr. 1S.-H00S Iteceloti. 10.- T
000. Alarket lie. hlihar. Mlcd and butchtrs.
l..'auu.7S! iroon ncavy, iu.vinn.is; reuth. a
ii.ui,i ...vu'tf ..u,i .,A,.., v. u lf v. I U. DinL
I7.855f8.00; bulk. J0.0OSO.70.
CATTLE Itecelpts. 100. Market stesdr.
Tleoven. 5710: cows and heifers, 13.83 08. M:
stockcrs and feeders. S08.20; Tcxans. IJn
8.73: calves. $0010.75.
SHEEP Ilecelpts, r,00. Market stronr.
Natlvo and Western, $508.00; lambs, IS. J J
011.40.
Guaranteed Income Bond
$500.00 a Year for 20 Yean
To nny named Beneficiary.
GUARANTEES $10,000 total pay
ment regardless of length of time tho
beneficiary lives after your death.
At Age of 30 Cost $86.92 a Year jm
(Gross Annual Cost).
Rates at other nires upon application.
Address
Illinois Life Insurance Company
MARK B. LOCKYER, Manager
Stock Krlmn Ilulldlnf.
itj
Tax Free in Penntylvania
Penna. R. R. Gen. 2s
I)UK JUNE 1. 1005
Particulars on application.
A. B. Leach & Co.
110 SOUTH FOU11TH STREET
Bell Phone Lombard 257.
New l'ork Chlcaco Uojton londsi
Notice is hereby given that the Sub-.
scription Books for. our of ferine of
ZINC CONCENTRATING
COMPANY
Voting Trust Certificates are cloged, tho
offering having been heavily
oversubscribed
Allotments are now being made, and the Cer
tificates will be mailed for shares allotted.
Checks for reduced or unfilled subscriptions
will also be mailed.
We understand that the Company is to make
immediate application to list these shares on
the New York and Boston Curb Markets. "
We take this occasion, to thank our Custom
ers and Following for their co-operation.
C. R. BERGMANN & CO.,
1 Investment Securities
66 Broadway I New York
Telephone. & J
IK
m
o
rvc