CTKWflT" "l,iB'F'?
u
EVENING LEDaEE-PHILADELPHIA, TUESDAY, MARCH 21, 1&16.
v.
-at.
FINANCIAL NEWS
New York Stock Sates
BBARS CONTROLLED THE MARKET;
WESTERN SELLING WAS RESUMED
nd of War Talk Absent, With Little Attention
Paid to Cables Thinness of Speculative
Situation Made Declines Easy
High Points in Today's Financial News
Chesapeake and Ohio stockholders, on April 22, will vote on an issue
d $iO,VOO,000 5 per cent. 30-year convertible bonds, Proceeds to be used
to retire $3.1,000,000 5 per cent. 5-year notes on June 1. Iron and steel
prices continue to climb. Another new low for German marks. Extra
dividend of S per cent declared by Scovill Manufacturing Company, in
addition to regular dividend of 2 per cent. Application to be made for
Haling of stock of Ohio Cities Gas Company on New York Exchange.
Earnings on $50,000,000 common stock of American Smelting and lie
fining Company 14.1 per cent in year ended December .11, against 6.03 per
cent, in previous pear. Dividend of $1 declared on common stock of
Central Leather. Utidcrstood that company will pay quarterly hereafter.
More favorable railroad earnings.
High. Low. Clows
140)5 140X UWi
!).$ Wi OH
20H IflM lWf
31 29? 30
79 7s! 78!f
72W 71 71
03 01 ! 02,'f
701J OS! i mi
now ik;h lion
. , lt ClftM.
Adams E.tprw ..,142
Atom J tlonl M gjj
Ahlcs Hold Minn.... 20!
Allli-Chalmrrj Mfc. ... 30X
Allis-Chal Mr pf 78
Am Beet Sugar 7Hj
Am Can ot)4
Am Car & Kdy fjojf
Ahi Cat & Tdy pf . ... 1 10
Am Coal Product? jmij 1C3JJ UXiH lCWS
Am Cotton Oil ft', r&H 63 5
Am Hide & t. pf .gf jnij 40H 49)
Am Unseed 22!i 22J 21'( 22
Am I.lnsml pf .2!f 4:i( 42H 42JI
Am Locomotive 7.(' 7"Jf 74!i 7o!(
Am Locomotive pf. ...103!S 11X1?, 103 103!i
Am Malt Corpn 8 Sl 4 SH 8,'S
Am Smelt & lief 101'i Will 101f lOl'i
Am Smr-lt A Itcf pf. ..H2.'i 112U 112!f W2.H
UH .)JH J2H .)2H
51 5IU r,3!4 .-).1!5
HOJi 110-H liO'i 1I0J4
Am Smelt nf A.
Am Steel Foundries.
Aru Sugar Iter.
Amsus.tr Itefpf UoH UMi IlfiJS UoH
Am Tel A Tel
Am Woolen
Am Woolen pf. ..
Am Writing 1' pf.
Am Zlnr 1, A Sm.
Anaconda Cop M.
A wets HeallMtlon
Urn Top A 8 V.
avjh imt i2t)ii lwj
mh
on
17
80
IK
o2
whs
18
M1H
hO'i
0!f
ol
tiOH
17!5
81JS
MH
OH
fii.'t
17'i
80' 4
OH
Halt A Ohio.
Halt A OI1I0 pf
ll.1topll.11 Ml line...
Hethlchem htecl
Ilruns T A 11 It sec.
Huff Itoeh A 1'
1 turns Urns
NKW VOHK, Mnrch 21.
Market movements were again In foenr rontrol tlirntiKhout the tiny, and,
although strength was shown at the start, when some covering of nlmrtH caused
substantial galnx. It was not long before the uptown boar plungers regained
their courage and resumed their operations on n scale larger than was noted
yesterday. There was also a resumption of Western liquidation on n largo
scale, with some houses with Western wires supplying stocks all around the I1"."? SurwrUr
,, tal Petroleum
r00m' l-al IVIrnloimi nf
iuuuy, iiuivcvit, mere was nn nosence 01 cnu-oi-war UUK, aim Utile audi
tion was paid to the tone of the rabies from the other side. The bear Interests
attached more Importance to, what they called the disclosure of thinness In
the speculative situation, which made declines easy to effect, nnd proceeded
with their work of offering stocks at concessions nnd reaching stop-loss orders
without interruption from the Interests which had been committed to the bull
aide- and which are looked to for support whenever sharp declines occurred.
There was more tnlk of foreign selling, although International stocks did
Hot shov the same weakness its other Issues, tn Investment circles the question
was asked about what the situation will be when the wur ends, and conjecture
as to the situation then In prospect hud it good deal to do with the restricted
demand for many stocks. It may take some time for this feeling to wear
itself out.
Tho representutlvo of one of the largest foreign houses said Wull street
is peculiar. Three weeks ago It turned to tho bear side because of fears that
this country would become Involved in the war; now It Is selling stocks becnuse
It believes peace is In progress. "To my mind, tho termination of hostilities
would mean a cessation of foreign selling and bo a bull argument on the
standard stocks," he said.
Amu 10.1' H):tir in:m
Atrh Tnn .1-V V nf nun irmlf nun? mm
1 llald Loco Wits ...lOfl'S HUH 10Oj 10(1'$
ALLY FINANCIERS
WILL CONFER ON
JOINT POLICIES
Representatives of Entente
Powers Arriving in Paris
for Session
Sales in Philadelphia
. With. Low,
.2 Am (Id ISO 120
.in nm uitiiwnys. aa. as
Net
Clone, time.
120
32.
TAX LEGISLATION SLOW
inn linld Jooo limH KM54 InciH
rln riref
Sun t e 12
Chesapeake and Ohio tn Issue 40,000,000 Uonds
NEW YOUK, March 21. A special meting of stockholders of tlie Hhesa-
i pealto and Ohio Ilnilwuy Company will be called for April 22 next to uuthorlzo
an issue or J40.000.000 f, per cent. 30-yoar convertible bonds. The proceeds
from this issue are to be utilized In retiring the $33,000,000 five-year 6 per cent,
notea of tho railway company on June 1 next. An underwriting syndicate,
headed by Kuhn, Loeb & Co. and the National City Company, lias been formed
to underwrite the issue. The bonds nro to bo convertible Into stock of tho
company from Juno 1, 1916, to April 1, 1920, at $7f.; from April 1, 1920. to April
1. 1923, ht $8C; from April 1, 1923. to April 1, 1920, at $90, and from April
I, 1926, to April 1, 1936, at $100. The bands will be offered to stockholders for
pro rata subscription at 07&. Tho Issue Is to be limited to $40.1SO,000. It
Will be secured by $45,920,000 Chesapeake and Ohio Hallway first lien and
Improvement mortgage 5 p?r cent, bonds.
Canadian Pacific
Central Leather,
Chandler Motor
flies A Ohio
Chile (ojper
Chlno topper
Chicago lt West....
I Chi (it West pf
Chi Mil A SI 1'
Chi A Northwestern.
Chi It I A Par
Clu-tt Pea A Co. . . .
Col Kuel A Iron
Continental Can
i Consolidated (las....
, Corn Products Itcf..,
Corn Prod Itef pf. ..
Crurlhle Steel ,
Cruel!- Steel pf
Cuban-Am Sucar
Detroit Kdlson rts. ..
Detroit t'nlted Itys. .
Distil See Corpn
' Dome Mines
I Krlc
I Erin 1st pf
(en Chemical
General Kleclric.
83'f
. 70,'i
. 2),'
.520
. II)
S3
23'f
03
10ft
54'
03'f
01
aax
oM
H
MH
IHH
127
17'i
73
I4
83) i
130
21,',
Wi .
8!)'
80
70'i
oi'f
i'f
21
o2'-i
loo' lot:
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01
nm
22,'i
51!
14
0.
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7(1 H
2H
505
S1U
87! J
23
52' 5
o.
03! s
0.3'i
ST
uiH
:mii
127J4 12
I7'
73! i
40
KHi
137
22;.'
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02?;
lO'C
73!;
41!i
83
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2H
512
!'
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8';
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23
r,m
100
55);
III
03';
22! i
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11
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01)i
127
io;
73';
i.v;
83
I3(i'v 130!a
2i;s
OS
87;
l
as; i
.m
.ill's n.v; lio'i n.v;
22.) 2-'l 217 218
l!
. 87' i
47!,'
iiV.i
37.';
52'i
337'f 331
IC8 10-)
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8S
is1;
21'(
37
52! ;
4
8S
18
24);
37';
52' ;
(ioodrlrh 11 K 73!;
Prices of Iron and Steel Continue to Move Up
PITTSBURGH. .March 21. All iron and steel products continue their
ensational march upward. Talk Is heard of pig Iron selling at $30 a ton. So
far as can bo learned, there have been no cancellations growing out of "end-of-
the-war" talk. Users ure offered billots at $45 and sheet l,rU . ui - i,i..
1. Some pig iron tonnage has been snl.l fnr. n, nP. i,ir ,
.103)
. 20) 1 20
. 50'; (KHj
. 70 70
.1001; lit)
. IV 17)i
. 11?; 1
. do1;
. 47)j
. 40!;
. H'.i;
tnent after July
next year delivery,
tonnage has been sold for. the llrst half of
BREAK IN WHEAT
ON PROFIT-TAKING
New York Bond Sales I
Market Strong for a Time on
Adverse Crop News Outlook
for Exports Poor
CHICAGO, March 21. Wheat moved,
lrrceularly today. Adverse crop news
turned weak market into a strong one,
but In the last few minutes thero was a
sharp break In prices on profit-taking.
The Initial heaviness was due to sell
ing caused by an easier tone at Liver
pool, a bis Increase in stocks In Kurope,
a cheaper ocean freight rato and 0. smaller
. demand for room on vessels at tho sea
board, The subsequent rise was due to
; purchasing of a strong character by longs,
whch stampeded early short sellers into
covering.
The news with regard to winter wheat
was not all in favor of the bulls, some au
thorities stating that conditions were Im
proving In places. II. W. Snow, however.
said that there was ample evidence that
the crop would start with a poor promise,
and that the abandoned area would be
larger than In any year since 1912, when
the soft wheat crop was largely a fall-
- ure. He called attention to the fact,
nevertheless, that taking the winter wheat
belt as a whole It was too early to make
definite figures of either acieage Ions or
F condition.
The outlook for fresh export demand I
was poor, although In the last day or so
S-about 1.500,000 bushels have been dis
poned of to foreigners, wiui the Dutch
Government credited at the best buyer.
The weather map showed unsettled condl-
tions in the Southwest, with a possibility
: of general rains.
May ended at $1.08, after having
.'touched S1.10U. against 51.09 at the
closa yesterday, July finished at $1.07?i.
rafter having sold at $l.09'.i. against
$1 08 H, yesterday's last price, and Sep-
tember ended at SI.O6V3. after having
sold as high as $1.07. compared with
$1.0SH at the close yesterday.
leading futures ranged as follow.
Tes'day's
Wheat Open, lllsh. Ixitv Closa. close.
MU 1,0! 1.1UII I.OXStl.lMHlM.OU,
LlUtr ..... t.0Tl l.Oufi 1.07 tl.MTUM.OSH
t,Set- l.uaii, 1.07 i.uar i.uort i.uo
lsm ipaw oeiiveryj
fim . . ItlBh.
-'!!! )mvr ABr "3 1 ''-"
mill ,mt fut till ,-,h i)T-
!!!!'! Am"r Slm1 ii
.IMS) Amir Tel ill In 111',
'J!'"! A""r ''' "t i'i..n7t
4.IIUII Am.T Writ Pap .Vs. 72S
irfiuo Armour c. 1"4h.... up;
l.iOCIO AU-c.lHon sen 4l WIS
''" Allan .:, i.m. Ui Is hsS
.-.cillll imit & )l.lo (.... iiT;
JLMIIIII IJ.ilt ft Ohio cv l',4 UUK
UIMMI Halt i (J Ss......:Vliiit:
ilMM) llotn HU-el rlil r,s. . . .1111?
(Mill llroolt H T .",H l'.MS.lIll
SIIOO lliH-ch I'r Ji uiI
1II1MI Cut O.iH b HI .la 11U1I
.r'!".'" l!l'nt l-athiT 1st .-s.liu'i
10(1011 (Vnt I'.lf ut .... no',:
r.iiiin Chill i-umier 7s 131
Mm c.'hrs & unlu cv 4hs fttU
" Chi 4 Alton 3Hs.. 4
JlHMt 1'hl (Jt Wat IsT... 7:iU
.1(1(1(1 funs Lius cv (is....fji'
510(1(1 CHI fl & Q joint Is. liVi
1 0110 cni 11 & ij lion ... :iu
.-.(Hid cm ii & u K,.n i.. naS
8000 Chi 11 fc q 111 ,. ssS
..iiiKi Chl M & st V k-,-n 4a iw
I(i(l(l C SI a St p M 41-H u.t I
1(100 Chl M A Hf n .... -.5 iiitsT
Iaiw, Closn.
l(IL"i lOJfe
UTi
01 z4
110
111 '4
107 i
i'iTiS
!ll
n,
nil
UIHa
nn
l(l.-,i
mis
(III 1
101 ,
III)',
1:11
7
44
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H.l
M.l4
11,11.
.ia;
.177.
110
in;
107 s4
"-!'
11 Pi
oi
IU',
OH
ll'l1.-:
1111
101 ;
nil
ni.i'i
!;
u:
nn3.
1"i!i
131
t.l
11
IIHli
1111;,
s.11
11 J 4
;i
.. $!
20) 1
.. fit
I '
50H
7K)j
. . 7H)j
. .250?j
. . 120'j
. . lh!)
..125
.. 70
.. 0S)1
.. 02
.. 17
107);
.. :io;
.. -IH
.. Kl'a
- 4H
. 70
l:
17);
17!
17';
74;
7.1H
20'a
OO'-i
75H
sm
hi
70','
2.VI
l.'Dl
1S7
II7 1117".
.11100 C M i St I" cv 4'?H.ll)il(j lllllVi 1110 .
J1""'!'; Mi.Stl'Wl'.jH.linjJ 103 1(13
1..JNIO Cu lun Am S (Is 102 loiVj 104
lim'i
Ml
.17
IDl'i
P
h.VA
.is hip, icp-5
lis
so
73 U
103II
.1SH
19(1
73
Il'.l.
tlT
HI
711
?r;
1111
7.T,
113
UlllU
!
May
MaH'
. Hvpt
Osts
Mar . .
ir
ilk
78
UK
43
751i
77
43H
1
73 li
7U
41
1I3J?
1 hi?
7IJV
7rt
1711
fniM,
7UU
434
ldilii IJ.-1 t uud 4a HUH. loo'.;
,i .n int. ,,- ,,h . , mi
Juno l)..n A- 111., Ur rM r.s 17
.Kioo Detroit (las .Is JoH
7.100(1 Dis Heiur Corii .-,. . 74
loooo Krle sen 4s 7.1i
.100(1 Krle conv Is Scr A. 71
.10011 Krle prior 4s x.Hj
MM, It M.n l.-l.w. ,l. -. ,.. (IT
"" -.'. " " ...I', 7J
10110 do lia k;Vj
loon Clriat Nor 1st ,'... . 11:1
4iii)(l lluil .M In ,1s... nou
L'ooi) Hud 4 ji rfd .Is.. 73'J
10(i(l Indiana ml Ss In3!
noon Imvii Cent 4s SSVj
luiiil Ins Con i-r (Is 11)19.. Inn
lOoi) Inter Met 14s 73'i
3.100)1 Inter li T ref .la .. 1111',,
M700II Int JI Jlnr et 4Hs . !)7i'
llMiwi Int Parwr (is si
moo Int & Cit M .1) 711
4(11(00 Jap New (I 8 4Js. 77U
looo Jan Itii us
loon do 4s no
liKii) k C Vt 8-.M 4a . 7.H4
.10110 K C-So Par 1st ... 113
1'inio lwirka 811 .is 11.14 11.1V4 asu
2KOIKI ljjck Stl ,1s tlir.tr .. D.Hi ii.i nr.tj
300(1 I ,ai-1 (las rfd .Is . . . lnj KlIH lntl
'.'1 1 I. Sh del, 4a 1II2S .. 1I.H1 IS ll.-.lj
.10011 1I1. 111.11 ..iii 1111! i,.ii2
aniiii I-h Val 14s t)iJ iii 112 (J
IIiiiii 1 l A i n -.u ,..,,? .....,T ...T.t
MlllHl I, re -30(111
Mo K
31100 Mo K & Kaston 1st. S3H S34 S3 4
.'"" ..miiii .-,t-r .is , .. . ill 111 11
70IKI N Y C A H 34.... H2 hl"l ;
inuxt, un -ins 114 k lli
101 i
73
7.1 8A
71
S.1
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1111
3(1
73 tl
maw
.it1. 3
1110
7:1 v.
on 4
07U
S4
71)
77 U
h.1
1111
7.14
i;i
& JI T Sh 1112' liw'I li)-j4
N'aah 4s l)4i 044 DPI
Kin re T 1st 4s.. 7.-UI 73'! 73'i
lv Kr l--.ialnn 1 ut k'll fi'i LI l.U
Ih.loo N V Cent Us. . .
4!t IIIIIII. lli-",i UCl.
11.5.1
n.77
3far
uir
- nibs
Man .
July
Porlc
liar .
Julie . .
ma, taskcu.
12.0a
JS.37
25.BO
TJH
11.011
lt.M
12.1S
12.33
23.07
22.73
II. SO
11.72
12.07
22.00
S2.75
44Vi
43 U
11, .12 tU-40
1J.75 til.'
B5
12.10 M2.00
12.32 '12.22
22.03
22. bU
t22.85
t:.'2.82
RAILROAD EARNINGS
Olt.VND THUM: BYSTBil.
luitl. Increase.
ifkeoad week Jklarcb.
f F-riiOi juiy i..
1100,3113
2,ui7.uua
K-.'7,giw toi.eoji
?.5ST,5I l3,!Mi
tU57.S42
37.003.233
SOUTHERN ItAIMVAY.
I H,..i-,-,nJ week March .. . II. 344. "S3 tins nan
jfonj Jnlr 1 4S.231.451. s.aia.sw
CHJCA0O QREAT WKSTBRN. .
' t-:.sttTjna week March. . . tSOiJ.C.12 JS7.S84
JtpiU JUl 4 lU.ill.SUS BSJ.i'Ji
fCmClUNAri NEW OKI.BANS AND TEXAS
rAvirii;
j: ti.-cijaJ wrelc llarch
ra inn
JIOJJU.K ANU OHIO.
i-oii week Haieh . Ililll.221! 115.330
rpBi Jttljf H.O3.4(ia 3l,a
Al.AUAMA. aRBAT SOUT11BRN. ,
wud week March 108.BIII Jl':570
LmJulj 1... 3.7&0.140 S42.I7S
JI1&UIAL4 A2X HVwIllMbllllUI.
& eeK jiarcn.. iwoia 7,4iii
Jail- J.374.22 OI.T03
Armcur Not in Shoe Business
WKW YORIC Morvh 21 -J. Offden Ar-
ituf, 5irejasJJt at Annour & Co., today
jltd - rutin rumor comuctinar the name
tr hi Miipy with thft. araiulsltlon of a
km BRUfcttt8 oanoeni. Th Mate-
la 4iid that iieiltwr Armour & Cv the
Lcatbtr company, nor. in fact.
j( hOj iiiflUai-U vatiiva,nic or s.sao-
taa slisotwt itartt u any
toMf$ujMs; eitt or busiij.
1,-m i.;ey a 03( ui cuiiimereu an
. m ...ij el nub chaimUr.
3,1. hit
hO
1112
II1J4
""
imU
1)3
i'llllll . Y city
loiio N Y N JI i JI 4s
4()(l dq 111311
looo do
llooil N Y liwy adj .Is...
100(1 N Y Tel iten 44b..
Iimmi N Y W l" & II 44s
.101)0 Silt b West Ulv -Is.
SSOOil Nor l'ac prior 4s.
.'.Dun Nor Iau iren 3a..
.limn Ore Short I. rcf 4a. l)3'.i
looo Ore Short I. 1st lij.WH
3ihi Ore Short I.lna S..l07
IHHMt Pacllte Tel Ss lull";
300(1 Tenna tin ct 4 4 a.. 102
flood do en I4 10.14
30IMI do 4 4 1021 retr.IiilVi
2IHI Pen t Bast 1st 4.. 1174
200O Phlla Co cv .la IU22 02
3000 Iub Serv N J Ss... UUH
111)0(1 Heading sen la 04 ft
4000 Hep ir & H jsa !)
limn Ilia Ur & V clt 4a.. 734
30011 nock Islatul 4s hSH
3000 Rock Island rfd 4s. il(l
r.0OH Ht laiuls Hwn 1st 4s 7 Mi
21)00 docnli ... I2
llood South l'ac cv 4s... SU
iiooo do cv ret t p 3. .1044
ROOO South Pac rfd 4a.. 1104
U,(mki south Jlwy sen
21)01) do eon Ss . . .
4000 Tenn Cil Tn dlv
Kmmi do. Ulrni div 1st.. 101
iihhi i e.ias i,u us ....
2000 Third Ave adj Ss.
luoo Toklu Us ........
lOOi) Trl-Clty Ss ......
311(11) I H Rubber Ga . .
32IHU U B ateel Ss sf.
300(1 Union Pan 1st ,4s.
r.o(li ds rfd 4s
24000 Un Hwvs S Y 4s.
30W Va Car Cheia 0..I02H
-tuiH. v a jiwy os ........ vii
looo Va Ruy re t'ow .Is. HO
1000 Wabash 1st Sa 101
10011 do 2d Sa BS
luoo west Kite sa
SOOQ West B & 1
IIIH) Waat Hhora
1CMHJ West Union 44a ... S3
.114)1 113? UIli
(1414
80
HI)
102
01
llsXi
TK
l)ll
1)3 '
11(14
113 U
10M
107
l'i.'!.
hi)
f(J
1112
lll'i
IISJS
1HK
t)l)
ti-'lH
1104
03 'i
108
107
1004 1004
)U- !()
10.14
Kit 'J
174
U2
1104
04 H
03
7.1
M4
BOH
g
sas
1034
10J-H
l 71
92
lii)U
in;
no
754
S3 4
(iitH
7Si
di
ns 5.
(ioodrloh II F Dl 110
(iraiiby Con.ol m
Orrcnf-Cananra I8'i
! Great Northern pf 122
, (I N cfi for on- prop.. .1.514
(iUBKi'iihclm Kxpln.... 20Ji
Ilomlakc Minim; lM.'i 132
junior Lent
Int AKrlculliiral
Ir.t Au'rlculttiral pf. .,
lot Ilarv Corpn
Int llarv N J
Int foil Cor v t c sh
1 Int l'ap"r
Int Paper pf ,
I Insp Con Cop
! Int Nickel v t cfi...
! Int M M r of dp
Int M M pf c of tip..
Jewel Tea
Kan City .Southern..,
K C Ft S & M pf. . .
Kelly Kprlns Tiro....
Keniieroit Copjwr
Lack Meel Co
1-ehluh Valley
Llgcctt & Mjers
LiUBctt & Myers pf. .
Loilllanl I' Co
1-oul-, & Nash ,
Mackay Cos
Maekay Cos pf
Maxwell Motors
Max Motors 2d pf. .
Mat Iran Petroleum..
Miami Copivr
Mo Kan Texas...
Alo Kan & Tex pf. .
Mo l'ac tr rN
Montana Power ,
Nat Hlscult
Nat Cloak & S pf. . .
Nat Knam & S Co. .,
Nat LeaJ Co
Nev Coa Cop
New York Air Drake
N Y N II & II
N Y C & 11 It
N Y 0 & West
Norfolk A: Wi-itvra. . .
Ontario Sliver Mln...
Pacific Mall
Pennsylvania It it...,
Philadelphia Co
Pitts Coal Co N J..,
Pltt-.bursh Steel pf. .
Pressed S Car Co
Pullman Co
Quicksilver
Quicksilver pf
Ity Steel Sp Co
Kay Con Cop
Iteadlns
Republic Iron Jc S...
Hepulille 1 & S pf...
Itock Island
lioclc Island pf
St I.OUU i H F
St L & S F 1st pf...
fat I. 4. S F2d pf...
Seaboard Air Line. ..
Seaboard A L pf
Sears ltoe & Co ....
Shat Ariz Cop
Sloss-Shef S & I
South Porto It Sujf. .
bouthern Pacific
Southern ity
Southern Ity pf
Standard Mllllnz
Standard MIIU112
btudebaker Co...
Tenn Copper
leiai Co mil); 1117
icias uo rwiits is
Texas Pacific 7,'
ThlrJ Aveuuj fiO;
Union Hag & Paper... M,
United Clear Stores. . . 05,
United Cljar Mfrs m
United Cisar Mfrs of. .108
Union Pacific ian; 131
U h Ind Alcohol 1.0-1 15s
Vi
88
17!4'
2tJi
XiV.
;xh
Tiou won
l(i.S io
7H 73' i
115.4 UoH
Oil 0)
I74 17i
121' i 121,4
i:i'i -in j
21 21
1112 1.'12
1U14 101,4 1014
M
llfi.
00
IS'i
122
I.V,'
1
.'0
m
70
11(1
174
114
IDU
17",'
10'i
ir,-i
7;i4
7;iJi
0
III
50
7(1
110
17
114
10
1714'
-104
104
72!.'
7.MH
20
004
7-14
flO'f
7S4
Tbit
2.V1
1214
1S7
1244 1244 1214
704 704 79,'i
Oh 08 OS
044 024 fi:)4
474 4(lf 47)i
111,4 107,4 1034
...1 :J04 30'.
44 44'
W, 104
44 44
70,4 70
12.-1.4 125
.IUSJJ IIPJiJ K)!,;
204 2.5 U 25):
07 074 07
. 154 154 15?
113 1454 111
004 004 CO
Dy YVES GUYOT
Kx-XIInlster of Public Works. IMItor JVAecnce
Eeonomlque et J'lnanclere.
Spcclar rable to Evenlna Ledger
I'AltIS, Atnrch 21. There Is to bo a
Brand conferenco of the Allied Govern
ments In I'nrls, nnd representatives of
the rower nro now nrrlvlnic. The meet
Inp Is reR.irded ns ot great Importnnco
ns having to do with matters requiring
Joint action.
In a discussion In the Chamber of Dep
uties of credits for the second quarter of
I 1G n .Socialist deputy demanded of the
Minister of Finances that a real effort
he made liy the Oovernincnt to forco the
rich to p.iy their share of the national
expenses. M. lllbot replied that Franco
In resolved to miy all her debts, hut he
showed the illfllcultv of cetthiK new taxca
voted nnd gave as an example the Gov
ernment's plan five months u-zo to tax
alcohol, hut had not yet been nblo to
get It out of committee. The Government
had succeeded In getting consent to nn In
come tax, but it was no use trying to
hldo that returns from that siurce would
bo very smnll. JI. Hlbot slated with
satisfaction that the price of the loan
was well sustained In France abovo tho
Issue price, while on the London Stock Ex
change It Is at nearly Ove francs pre
mium. The first duty of tho Government and
Parliament Is to repair damages dono by
tho enemy In tho provinces they havo
occupied and abandoned. Fifteen months
ago Parliament voted .100,000,000 franc3
for that purpose, hut up to the prcsont
only f, 000,000 has been distributed. This
Is very reassuring for the futuro of tho
Jobs of those who are handling the funds,
but outside; of the bureaucracy It docs
not hold out much hope to thoso In need.
Tho ltusslan Minister of Finances has 1
announced that in 1914 tho budget from
nlcohol provided for a revenue of $478,
000,000, while In 1910 It provided only
$20,000,000. He declared that nfter peace
there will be no modifications.
According to news from Rumania, Ger
many has concluded long-term contracts
for petrol at the top price, and Is sending
to Rumania all Its tank cars.
on ,to m
nn nnrr k
In f'.i.-l ilt..l
1 Con Tr N .1..
30 'Klec StoMee.
.10 lien Asp nfd.
X4 Ins Co N A
too Key Tel Co..
lBfl.1 Iike Hup Cor
z.i i.en n.iv
27 Mh Vnl .
10 Ih V Tr tM
473 IVnnn fill . . .
10.1 Phlla Cr
10 do etim rref
.1,14 i-niia )'j)cc
232 PUT
.1.1(1 do tr etfn
10 do t r ext
L'o Hsu Cons .
17 Itfl.lliiff
1)7.1 Ten llelmont.4 .1-1(1
.111 Ton Allnlmt... (14
loo Tenn Corner.. .13 S
MS Union 'I rue. . . 13 Ji
mi u nun imp... iv.'"l
4 -un vol
1004 1(134 1091
ni
70
(12 '.I
14 Ji
10H
ill
70
14
17U
424
43 S
7?i
Id i
111
II)
.SS
la
"".
112 ti
J
144
104
711
78
44
42 '4
IB"
714
1M
in
ln.
finh
r.r.N
J'
f)l
".
mH
Sh
ni
inn
7(1
71)
41
fi7
43
27 k
.1
.
UflrtH tr H Hteel
iimi utnn
', :
Conner. . SI
.. ...:.. ..! --- -.,.
t,o xv esc i-.ic. . . . nn
30 Wesltn Coal.. (Ii'i
,10 Cramp A Sons mi
loo York lln-y 11
'K.x dividend.
ix.
Ill
1".
S.. J4 ...
Ml 4
(l'i-irt O'i ''
431 ...
.
43;'l 4iir
12 1 S 224
NIJi HM'
a.
117 4
fill
11
HI &-
117 i
so
II
-M
-ii
Total wiles, 1)311 liiirr. rnmpiirril "llli 13.-
hOII sluires jrxlrnliiyi tlnm fnr this wrtU, U.I.-
0.11) sharesi mtme Pfrlnil Int erk, 4(5,770
Hhnres.
TRADING WAS ON A SMALL SCALE1
ON THE PHILADELPHIA EXCHANGE
Favorable Earnings of Rapid Transit Comnanv n;e1
wu,,w:u uuuaiu rtiiu ouBtiueiictmia uonimon
at the Highest Point of the Year.
HONIS.
ItlBh. law,
jnioo Am (I A 1: a 9.1 4 03 J
21100 B & I' Tr 4s.. SI i SIW
11)00 Hi 111 (Ins ft. 1 1131 1(1.14
. IIIIIII liar Kler lls.lDJ 102
t nooo Key T. 1st rn. tis'i lisi
llllllll) I, Vnl Kit) Is 11:1 ' 03
B.liion . 1I0 IHs ,.103 in.1 .
ni.,.
Net
Closi1. t'hatiRC.
113 .....
111.14 ii
102. '4
OMji '.
113 J N
.,.,. I,.. ,. . I, .. n-
,...,,. , ,, i-.iiii, in.iii,)
looo t'AMVU r,s rcllOVi
.100 I'hlln Klec 4s XI
looo iln r,s lo.l'i
,10011 i w. ftii 1 r u unit
.10111) 1 tf n cl Ren Is. Ilia
11100 Wolsliurtl .Is. . !IM
f ltirrfase. l,-rrrnse.
tin 1.1
St
ln.1 4
im'i
lilt
M
Inn
m.iS
llo'i
si
lo.l'i
mi U
01 ;s
l)Md
i:-ii
ToOil sales, SOO.'OO, rnnumrril 11 III) S'O.'tIO
XfMrrilnyt thus fur (III Merit,
lirnoii 1:1st nerk, K7ii,.io,
.114(1,1001 nnme
Local Bid and Asked
CURB ISSUES MOVED
IN NARROW RANGE
Market Became Irregular After
Steady Opening Hesitation
by Traders
N'KW YOUIC. Mnrch 21. After a Ben
rally steady opening with advances from
1 to over 2 points above tho previous
Olli i closing In the leading Issues, the market
fluff & Sus t r.
do iirf
.1 O llrlll
llaldu-in
Cambria SIpgI
Klfr Htorapro . , .
Ocncrul Asphalt
ilo prof
Kcystnno Tel .
ilo t n
ilu prof
I.altn Sup Corp.
l..-hlKh Nuv
LclilKli Vnlloy .
1'hlKli 'al T...
ilo prcf
1 t-iii!y,vtuiii . ,,',-11
1'hllnii'lphlu Eire 1!7'A
I'hlln Co 414
no 11 per cent prcr.. :im
in H iii.r icnt prer.
I'hlla It T .........
tin t c
KiMidlnc
Ton lie!
Ton .Mln
Un Trac
IT O I
tf H Steel
York Itwy
no prer
Today
Itl.J. Asked.
41
M
. .111.14
. . Ml'4
. . I12
. . nun
. . 711
.. ll'4
.. 14'4
. . HI).
. . 10't
.. 7.14
.. 7.S i
. . :2i
. . 13 4
-.(!?,
Wm Crnmn t
Kx ilivlilend
c . .
43'4
I!)
II)
Kll
I '4
(!
I3H
H!)3
Klf
io;
3I!4
7!)
4:
mi 4
43 4
llld'i
HI '4
HJ 4
tl
144
711
Klji
7)lU
71)
22
37'4
;18
3D
44
II) '4
lliS
Mljd
&
SIS
11
37
02
Yesterday
Illil. Asked.
II. 11!.
fiHti r,W
4.1 4 1
1(I74 10H
M ai;i
112
37
i1j4
144
ll!)
12 J
7NJ4
112
434
el
42
3S,
13 'i
111
10
s.m
4 u
1
43 J4
11
37
SO
0.1(4
37(4
72 'a
IS
ir,
70
lo'i
j.i
I Hi
r.74
274
43
.111
43i
ll)4
1R
" ,
'id
41
H4(4
11(4
3H
2
Financial Briefs
Trading on the Philadelphia Stock Ex
chnnge today was on a very small scale.
Very little Interest xvns shown in any
Issues, particularly tho local ones, nnd
consequently thero Was a general absence
of orders. Tho Street seemed inclined
to stick to the watchful waiting attitude
that lias been In forco for some time, nnd
no one appeared anxious to do anything
lltitll thorn q c.a ,lAn,,ltA ilnvlntinlf.nlT
Instead of being favorably affected by
the good report of enrnltigs for tho month
of February nnd for the eight months end
ing with February 29, Philadelphia Itapld
Transit stock sold off ?4 before noon. The
company's trust certificates did not sell
during tho morning session. The unns
sented stock was not active. The Street
generally attributed the lack of interest
nnd the fractional weakness of tho stock
to the fact that the favorable earnings
were generally discounted, us It hntl
been forecast that tlicy would bo good. In
the afternoon the trust certificates sold nt
lft, tinchnngcd.
Persons In closo touch with tho com
pany's affairs say that the earnings for
March are comparing very well with the
same month of Inst year. Usually there
lias been n deficit reported In February,
KOKEIGN EXCHANGE
NU3W VOHK, March 21. At the open
lug of business In tho foreign exchange
market today, relclismnrks were quoted
at 71 7-16, the new low mark made late
yesterday. There were reports or trans
actions as low as 71?j, but this' could not
be confirmed In tho llrst hour. Vienna
was sympathetically easier, while sterling
was firmer, with cables quoted at 4.77(0
4.77 1-16, the highest In over a month.
Demand ?ns also quoted at the recent
best, 4,76 5-16J4.76?4. Francs wcro
rather heavy at B.9314 for cables and
B.D4U for checks. Guilders displayed
firmness nt 42 for cables nnd 42 7-16
for checks. Scandinavian exchange, also
was firm, touching 29 and 28.90. Llro
were steady nt 6.6954 for cables nnd
6.7014 for checks. Other quotations were:
19. 11 19. 13 for pesetas, vand 31.3i
for rubles; Swiss, 5.2214 for cables and
6.22-74 for checks.
In mldafternoon relchsmarks declined to
another low record of 71 and 71 7-16.
The last quotation wns the low record
established lato yesterday. Otherwise tho
market was unchanged nt 4.76 for de
mand sterling nnd 4.774.77 1-1G for
cables. French exchange wns unaltered
at 5.93 for cables and 5.94 for checks.
btlt. Mllfl t-Aal. 41. ......
$68,6.15. ns ;:;'...:.:" 8urlu ti
five years for ,h. nZn? TW '
for the eloht m:;.., .., " .T" M.T1
follows: '" "10 "mtj
,n,n..,,,r..Wt...8gMKI1
mir.;: 1 Ms 777 m-:;: iM-viim itimx
inf. 4 i''2,-'"i 141 m
...,o 111,11-,. n?i iii'VS
' 7(1.1,310
'-nis.l
1014.
Ill 1 3.
1.771). (Hi!)
1. 77,1.1.1S
iiw.
KB .BfflJ
11)12.. 1.723.40S las'rlm,
Hurplus. tDedelt.
nv mr inn . .
Change was United Stale? s52
local market" when " ,e ' ds,?nc?, 'n. tf
shares nro Inactive. Tho . "Ji"'"? ,0lfi
a gootl-slned fraction In svr;.,lrvanw,l
the better tone , W.ViWl
On tho sale of lo shares Tnirri $
Susquehanna common "W? " U
THIS IS the highest lirlnn . "".,.J0
stock has sold this year. Friends 7r
company toda,y talked of n dividend
the common stock i .1.. "Avuie
In the
futon
u. .ij ..... .;.''" near
in ju.?:"1 'Tr " v i!"" .. b. sa
rof ti.. ru" -.".' "aa "Q8cu on i,i
presenrMinr'S " Car"",RS 5?
STEADY TONE In"c0TT0xT
I'IVKIUMIULjiooUBUYBr
Wall Street Sold on Smnll Scalo-No
'Relief From Drouth
NEW yoniC, March 21.-A 6teady ton,
is displayed at tho opening of tho Co?
n Kxchango this morning, and ptkL.
owed advances of 1 to B not-.. M
first sale In May on the call wa
cor-
DANK CLEARINGS
flank clearings today compared with
respondltiB day lust two yearn:
1111(1. 1111.1. 11114.
Phlla. ...J.17.143,3.10 J23.P.14. 47.1 J2.1.II2K.14.-,
New York.tlld.233,73.1 302,4.11,2S7 32t,4.11.!)10
Iloston ... 40,11111, fi.1l) 2.11!I3,1()2 2l.2r,S,37(l
CIiIcuro ... 011,481,032 til, 313,780 54,600,42.1
74'
.I'lrj
7!)'i
78! i
231
121!!i
is;
ns
1U)S
n.
701
123
MISW
23tj
.7H
lo'.j
114
fid
UUJi 103H 10 tU KI3'
'H
..122
.. H
.. 23M
.. 6lUi
.. 42
. . 2S
.. UOli
.. MH
..102
. 1
. r,n
.. mt
.. 'sm
.. svt
.. S2
H
VSi
7.''
2tt'i
57
12
2S
OS
34
102
1
S
10),'
23J.
Mi'i
am
28!i
122
7H
2,'i;
SOU
12
23)$
!)(i
:ii4
102 4
5
lou
;m
o3t'
ma
H
4
.. .Hi
.. su
.. AH
.. 10U
.. .13)1
..170
.. ;i7ii
.. .w
193
'JtyX
21)J
ran
80
pi... t,:
iira.'f loyjnwii
SH
SJi
H
lll!i
no)4
57
1!)0
DO
21J,'
00
7Jj
2s!i
122
"Si
20
50; i
'2
23)4
OS
31
102
I
3
40
S..V,
S5!j
5H!i
WM
H
H
3H
3M
1W
Kl.'i
iiU'i
Hid. ABked.
H
H
SH
ay,
Hi
10)
30'-i
173!i 173;i 173Ji
iiii 38.'j HWi
57
10U
lls'i
21)4
5M
9J
H7h
57
100
Oil
aiH
50,'i
OJ
87);
113H HUi lluJi HHS
. 53Ji .,2. 31
l7.'-i
7H
02.'i
Oh
li.1
105M 100
17J4 17)5
7H
(11
Mi
m
024
JfJH l()j HWj
l.i-i'i 13;;
15.1H 164l4
024'
84
M
(S2j
u & ma Alcohol pi.... ioo 101 101 mi
USUI.'' 23 23 22Ji 23H
U 8 C I & F Pf . . . . 51 51 53i3 53V,
Lniti'd Krult H5H U6U lllh 145
v n lu-'any & imp..., '1H4 -li?j -if 47
uniteu uys iny co 13)4 13
llli lt Inv C'C pi.... 3d 20
U S Hubber SlJi 6.1
U S Ilubber 1st pf....li(, 110
U S .Steel Corpn HI), 3Jf
v a oteci i.orpn pr 1I0M 117
15
20
Utah Copper 81H
uian tcuritiej ltili
101 104H
ll-h UOti
-.. ,,- i,,t-k UII7.
4s.. 714 71W 71
102 jj 102i I02
. lst.lnl; 10I4. inn!
t 101 1014
73 4IM IH.Il
I H3I h3!
10.1
7KJ 78 ! 78
'.! 111.) Hid
42 43
"7S 'i)
doh
4
98 V?
mi',;
jh5
nK
.?.
IIMJ,
97 S
8015
42
102 i
US '4
S0
li
Va-Caro Cbem
Wabash ,
Wabash pf A
Wabash pf li
Wells Fareo Kip
West K & M
Western Maryland . .
West Maryland pf. ..
West Union 'fel ....
Willis Overland
VSIUysOpfsr f p
Wool or th CW
Woolworlh V V pf, .
15H
I4H
. .VUi
27
127
. tit)
. 20f
H
82.VJ
lSJi
4o)i
15
45
2.
15
20
52 32
110 110
M Mil
nou na
bO'i 81U
18U 18J
liii -15i
14f 15
i'AH 44i
271i 27U
127 127M: 127U
07 051i 05.S
20H 20 20H
10 -10 40
DOli S'Jli WM
231i 2Xj 228 220'
103H 103 lUi 105
121J4 121i 12IH 121
124- 124i 12Ui 124i
! for outside securities developed an Ir-
rcKUlar price movement, although Iluctu
ntlons after Initial dealings were within a
narrow range. At times, hesitation was
Hhnwn tn tho dealings, especially on tho
part of traders who suffered to a con
siderable extent In the sharp break yes
terday. Aetna Explosive, nfter nn Improvement
of nbout i, lost the gain, but subsequent
ly milled slightly. American Writing
Taper was stronger nt an advance of ?i.
Mldvnle Kleel was active nt the start and
after a gain of 1 '3 lost tho rractlon. Cuba
Cane Sugar continued active and after
opening up nearly .1 points eased oft more
than n point.
Drlggs-Seabury moved within a range
of n point; Submarine Boat, after a small
advance, declined. Tobacco Products
opened down , later rallying.
Motor stocks were generally steady.
Chevrolet at one time showed an advance
of nearly 2 points. White Motors moved
within narrow limits. In the lower-priced
issues Zinc Concentrating was tho more
active, although some of the low-priced
oil shares developed fair activity.
Copper stocks were slightly irregular
on small dealings. Qonds were moderate
ly active, Chesapeake and Ohio conver
tible r,s wcro Introduced for the first time
and moved at a range of of a point.
Krle 4a, after a small advnnce, eased off.
INDUSTIHALS.
Ilalto Tube
Aetna Explosives
Am-llrltlsn .Mfir
Atl (lulf & W I S B
do preferred
AJax Rubber Itie w I
Canadian Cur & rdy
(.'an Car A- Fdy pfd
Chevrolet Motor Car
Cuban Cane Huir
Curtlsa Aeroplann
I-Mmuml A Jones
lirUirs-Seahury
Kmerson I'hano
Ilasuell & llarker Cur
Ilendee MfK ,
Inter Mer Murine ....,
Inter Mer Marino pfd ,
Kathodlon llronza pref
Manhattan Transit
Maxim Munition
Ml, hale Steel
Otis Klevator
Otto Klsenlohr w I
do prrf
Peerless Motor
1'oole i:ok und Mach
Ht Joseph Iead .,.,...,,
H 8 KrtK w I
Htandard Motors
Submarine Iloat v t c ctfs ,
Trlancle Film v t ctfs ,,
United I'rollt Hharlnt ,...,,,,,
V S l.U-ht i Heat
U -S Light ti Heat pfd
White Motors w I
World Film
STANDAItD OIL SUUSIDIAIUE3.
Pralrla Pipe 233
Illinois 1X3
Ohio Oil ,.. 235
K o of California 253
H O of ??ew Jersey , . . .524
3 O of New York 210
OTHER Oil,
Harnett Oil
Cosden Oil , .
Chalmers Oil
Houston OH
MIdn-est Kenning
napuipa,
MINING STOCKS.
Atlanta , ',,. 15
Cerro de Pasco 37
.113
. 22'4
. 20
. 80
. 47
. 70
. 11.1
. S3
.1111
. Hi u
. 47
. 42
.131)
. 12
. 42
. 25
. 17
. 70
. 21
I'-i
. (HI
. 7U
. (12
. 50
. UUW
:.i5g
'X
: 'h
. sou
: k
. 1U
1
22
311
31
4!)
70 H
70
01)
:m
0.1 Vi
52
44
141
12'.4
43
28
IN
75
2.8
(ii
1715
ll.l
55
1'",.
28
128
17
124
40
4i
hi
230
18.1
238
257
527
214
STOCKS.
12V4
2(V5
ll
17
' m
JJU
US
104
1)8
02
Tolul .airs. I3.510.OOO.
si3.irco.uuu 3eiruajri tnus fur
t'J.UO.OO'): same period List Meek
3s . ..,.IU25i lOiti 102
M cv5:.I322 132 J32
4 va
mpared wllh
fur this Heek.
I,956,(K)0.
Money In London
LONDON. March 2,. Close: Money. 4
Ifc. Discount rat?, short bills, 5$,;
three months' bills, 5H.
BAB SILyEB
sM.'mlthTt9, WM qwtM
- li, Now Yvrtc i"t silver was sua ted at STK
Quoted ex dividend.
o,?! f1"'' "".lO0, sbarrs. roiupured ulth
rJi'lJ0!'.u"u,e!' sfla tuus far (His week,
i.'oio.-ifio .b"' """e t"'l0d ut w,k:
5I0NEV IN NEW YORK
NEW YORK, March 21 Although the
tone ot time money market la said to be
slightly firmer, rates liave not risen quot
ably above the lie-urea established last
week, which showed the first advance in
fixed date funds In some months. Sup
plies of money are In very large volume,
but the prospect of heavy foreign and
domestic applications for corporate capi
tal disposes bankers to act with caution
In makiiur commitments for ions- nriH
I lutes ore 3H9J Per cent, for $0 days.
u uorainsu iiure. money is quoted lor 90
Ilutte 1! I 7. v I ctfs
liutte & N Y
First National Copper......
Uoldtield Merk-er
lli-cla Mlnini;
Howe Sound ,
Jim ttutler ...;.,..,..
Jumbo Kxtenslon. .... ,,...,
MuKina Copper
.nciuniey-iJurruun
Mines of America ,,
Nlplsslns Mines Co ,..
Han Toy , ,,.,.
West End Consolidated
Kenetlck Zinc .............
I10NDS.
Erie 4s ,
illdvule Ss
Cerro lis
Chesapeake & Ohio 5 w 1,..
K
ill
in
. 1314
87
V
12
1U
68
13H
17
3S
H
3
an
HI
si4'
13 "i
in."
uH9
Tho New York S'ubtrcasury gained
$701,000 from the banks on Monday, mak
ing cash net gain since Friday of $2,
212,000. The American Smelting and Refining
Company report for the year ended De
cember 31 earnings of $14,472,012, against
$10,667,822 in 1914. Total income In
creased ?fi,420,201 during the year. Bal
ance for the year was $7,051,161, equiva
lent to 14.1 per cent, on $50,000,000 com
mon stock, after charging off $1,616, GG5
for depreciation. This compares with COS
per cent, earned on the same stock the
previous year, when $1,510,350 was
charged off.
Interest on dally balances formerly al
lowed on deposits of $100 nnd more will
hereafter be paid only on accounts of
$200 nnd more, according to nn announce
ment made today by tho Commonwealth
Title Insurance and Trust Company. The
limit has been raised because the cost of
carrying nccount3 under $200 did not war
rant the paying of interest, according to
James V, Klllson, tieasurer.
The National Bank of Cuba lias sent
$800,000 In new Cuban gold to Havana.
Tho annual meeting of the stockholders
of the Hercules Powder Company was held
In Wilmington. Del., today, at which tha
ontlre directorate was re-elected. The
board comprises R. II. Durham, T. W.
Bacchus, J. T. Skelly, C. D. Prlckett and
G. II. Markcll, nil of Wilmington, and
F. AV. Stark, of Huzleton, Pa.
At tho annual meeting in New Bruns
wick, N. J., today of the stockholders of
the United States Rubber Company, Etlgnr
B. Davis, a director and vice nrcsident
of the Central Rubber Company, and who
is at the viead of the rubber plantation of
tno United States Rubber Company in
Sumatra, wns elected a director. The 17
directors whose terms of office expired
were re-elected. Colonel Colt presided,
and the annual report was unanimously
adopted. The directors will meet in New
York Thursday morning for organization,
when It Is expected that the present offi
cers will be re-elected.
Wheat In the United States east of the
Rockies decreased 2,776,000 bushels, west
of the Rockies decreased 536,000 bushels,
Canadian wheat decreased 466,000 bush
els. United States and Canada decreased
3,778,000 bushels, Europe and afloat In
creased 6,400,000 bushels, American and
European Increased 2,622,000 bushels, corn
American Increased 1,191,000 bushels,
oats American Increased 336,000 bushels.
G. II. Stephenson will discontinue busi
ness under the firm name of O, II.
StephenBon & Co., but will continue the
address ut 220 South Broad street
Although the announcement given out
after the meeting of the directors of the
Central Leather Company was that "a
dividend" of $1 had been declared on
the common stock, It is learned that here
after quarterly disbursements at that
rata will be made on the junior Issue.
Heretofore annual payments were made on
the common stock and on December 30
last the distribution was $1. On February
1, 1915, a dividend of $3 per share was
paid and in 1914 the Initial disbursement
was made and was $2 per share.
Directors of the Anaconda Copper Com
pany do not meet until Tuesday, March
28, for dividend action. Inspiration 'direc
tors meet Thursday of this week,
RATES FOR MONEY
,. , Call.
New York 2
Philadelphia 3H4
iloston 3
Chlenco 3',-i4
..Jr-'."n."ncJ'9lBlr,'"":ri thr80 to six
Philadelphia, 314 W4 per cent.
Time.
2)4 W3
3i4W4
4 44
4 4)4
months,
NEW YORK. COFFEE MARKET
'NEW YOUK, March 21. Tho coffeo
market was quiet at tho opening this
morning, and llrst prices were ono point
higher to two points lower, with sales
ot oniy ouu nags on the opening call
Today's
,, , openlnc.
March
April
May 7.92
Jane 7,n.17.U7
July 8.02
August
Heptember
October
November
December 8.1808.25
January
February
Males 1000 bags.
Yesterday's
ciose.
7.84M7.8I!
7.811 l7.nl
7.P3W7.11.1
7.P74K7.IIS
n.oncs.ni
K.lllSlR.OI!
8.0!) CflS.ll
8.1M8.iri
H.17W8.11)
8.21 98.2.1
8.2.1 it 8.27
8.20(J)8.3I
a decline of 2 nf,w -' """.
mand forced this option up to 12.07c tJ!"
orpool was a good buyer or vw,,..V:.
tho active months. ""' "
Thero was sotno sclllm? nn
TZ hy WB," 8troet S b"t MIL1
of tho supply enmo from lntcreSt, ,
Southern connections and wngTll.'J
to bo Droflt-taklng. believed
i.Afl.7" the ca" un '"creased supply c-m.
into the market at the higher uLu.
tabllshed. nnd as a resul It there wen "
actions of 3 to 5 points .undeS.
Persistent buying of May contracts hr .
prominent Broadway house attracted !
good deal of attention and probab? helped
to check selling on tho more fAvoraWe
view of weather conditions. Trader,
seemed to bo puzzled over the concentrated
buying of thp near months. Some thougM
it represented covering of the short end
of Mnyjuly straddle, while others thought
it might mean a deslro to secure contro
of the local stocks. Prices rallied several
points from tho low level, win, nr.. Lrff
couple of points over Inst night's Trios n
Igurcs early 11 tho noon hour, while later
months still showed losses of 3 to 6 polntx
The receipts of cotton at the porta for
tho day were estimated at 20,000 bales
; b ishni :,?.."." h?'S! -n.s ?
1914. " '"" """
21,614 bales In
Mn rcll
-May
July
October . . .
ODecember.
January . .
Spot
Yest. close.
.11.11.1
.12.0.1
.12.22
.12.34
12.4!)
.12. .1.1
.12.03
Open.
11.11.1
12.02
12.21
12.3.1
12.no
12.57
IIlBh.
11.0.1
12.07
12.2.1
12.3.1
12. .13
12..17
I.OW. Close.
ll.tl'l 11.00
11.1)3
12.10
12 18
12.33
12.3S
11.07
12.10
12.18
1!.33
1S.SD
12.(10
Liverpool Cotton
I.IVERPOOU March 21. Spot cotton
today was quiet and unchanged on the
basis of 7.82d. for middling upland. The
sales aggregated 5000 bales, lncludlnr
4000 bales American. Tho Imports were
36,000 bales, all American. The market
for futures closed barely steady at a net
decline of 21-iCM points.
DIVIDENDS DECLARED
Manall Kuirar Company, quarterly of 14
per cent, on preferred, payable April 1 to
morn 01 rccora iiiarcn 1.
Nlnlsslnir Sllnes. a dividend of r, per1 cent.,
payable April 20 to stock of record March 31.
Dunuesne Merit Company, regular quarterly
of 1 per cent., payable May 1 to stock of
record April 1.
Central Leather Company, a dividend of (1
a share on common, payable May 1 to holders
of record April 10.
New England Telephone and Telegraph Com
pany, regular quarterly of 1.7S, payable
iiuiuii ui iu niuun ui recoru inarcn .
Cranby Consolidated Company, regular quar
terly of tl.SO per share, payable May 1 to
stock of record April 14.
Draper Company quarterly dividends of $5
a sharo on common and 2 per cent, on pre
ferred, payable April 1 to holders of record
March 20.
American Telegraph nnd Telephone Com
pany, regular quarterly of 2 per cent., pay
able April 15 to stock of record March 31,
Westmoreland Coal Company, regular semi
annual 3Vj per .cent., payable Aprlil to stock
of record March 21.
NEW YORK BUTTER AND EGGS
KW TOUIC. March 21. Hl'TTKR Market
n I grades sell Iniv well. Tono firm. Receipts.
II. -Ml packages; extra creamery, 31e.: hljber
scoring, 3SV430c.i Ktatn dairy. 3737 ftc.l
Imltntlnn rrp.imnry, 2iij 27e- "" """'
F0as7Mai!j",t. iu.l"t?r . Hecelpts, 34.1JJ
cases; extra firsts. 22(S22Wc. . firsts. 2lUlt
r.l.c.: white eggs, 20c. i brown errs. HO
mixed color, 2l'.4224c: refrigerator
24c.
best, .not quoted.
IU.4UOU.7U
jwu.iu; pigs.
LIVE STOCK QUOTATIONS
rilK'Af.O March 21. IICM1K ltsclnl,, 1.1
Ooo head, market Cc. higher. Mixed and JUutch-
tTS, 1U..UVH, IU: jflKMJ WllVjr,
rough heavy, 4aUi.33; light. 19.03
17.SUtV8.75: bulk. lU.SIIttB.SO.
CATTLE ltecelpta. -4000 held; market
steady. Ileeves. J7&D.U0; cows and hlrrs.
J3.83Me.dll: stockers and feeders. I88.23:
Texans. I7&8.75; calves. IU.7.1U1U.73.
ailUKP Receipts. 12.000 bead: market
stendy. Native and Western, I5.10OSI; Iambs
J8.8WOIl.tK).
GOVERNMENT BONDS
2s registered 1930
coupon 1930
it registered ltflS
3 coupon 11)18 , .
s registered 1923
.. . , . - -. - . - : Tr 1 4s cauntm 1B23
ana a months, tha tradinir na. 4. nA- I Panama f. mt iuMm t
" " ' t- .
16111,
per
Puna-m.
:am 1113s
Istered 11
cou
reu:
Did.
. uui
.1022
.4
09
10C la
.103
Askfd.
103 K
102 g
HOME STATE
INVESTMENTS
No, 6
We Offer and Recommend for
very conservative investment
the First Mortgage Bonds of a
large Pennsylvania Public Util
ity Company. Junior bonds
outstanding to the amount of
1 1-3 times this issue 8how great
margin of safety. Interest is
earned over 4 times. This in
vestment will yield about
4,55,
Tax Free in Pennsylvania,
Details on application,
eANKeas
Estisluuid 180
if,t..r. 4V. roo, mrtw,
Boo sd cutsisii sis.. Pruus.
LOCAL MINING STOCKS
TONOPAII STOCKS.
Bid. . Asked.
Jim Ilutler , 85 .87
MarNamara OH .07
Midway 17 , .11)
Mlzpah Kxtenslon 18 ' ,20
Montana 23 .28
Northern fitar 14 .10
Tonopah Ilelmont 4U 44.
Tonopah. Kxtenslon , 4S -li,,
Tonopah Mining (1 ou
Itescue Eulft 28 .20
West End 0'J ,71
GOLDFIRLD STOCKS.
Atlanta , ID .18
lllue Dull 02 ,04
llooth ;,. ,33 ,34
Bulldog ,,,, ,02 .03
COD 03 .04
Comb Frac , 07 .08
Ulamondtleld Ii I) 02 03
Daisy 04 .mi
Florence , 40 4"
Ooldfield Consolidated 87 83
Ooldfield Merger ', ,n 'fo
Jumbo Kxtenslon 81 03
Kewanaa ,u .iB
Oro 04 .05
Silver rick o io?
MISCELLANEOUS.
Fairy Artec 01 .03
Klmberly 01 03
Nevada Hill 17 m
Arizona Un 40 '50
Nevada Wonder 1.83 1 70
Kenefick Buys Milan Zinc
NEW YORK, March 21 The Kenefick
Zinc Corporation announces that It has
purchased the entire capitat stock of the
Milan Zinc and Lead Corporation, of Jon
lln, Mo,
A Comparison
of Preferred Stocks
With Bonds
will show that it is sometimes
possible to purchase preferred
stocks (yielding from six to
seven per cent.) which are so
well safeguarded and pro
tected by earnings that they
can be considered almost as
safe as mortgage obligations.
For the purpose of presenting
to investors the very attrac
tive' features of preferred
stocks of this character we
have prepared a special letter
giving concrete examples.
Send for this letter, No. 352
William P.Bonbright&Co..Inc.
MORRIS WISTAR STROUD, Jr.
Manager
437 Chestnut St., Philadelphia
New York Doston Dttrelt
London Farls
William P. Honbrlght 4: Co. Bonbrlght 4 Co.
ELKINS,
MORRIS
BANKERS
& CO.
Land Title Building
Philadelphia.
Luzerne County
Gat & Electric Co.
1st Ref. & Imp. 5s, 1948
Tax Exempt in
Pennsylvania
Yield 5.15
Guaranteed Income Bond
$500.00 a Year for 20 Years
To any named Beneficiary,
GUARANTEES $10,000 total pay
ment regardless of length ot time the
beneficiary Uvea after your death.
At Age of 30 Cost $86.92 a Year
(Oroni Annual Cost),
Bates at other aces upon avvllcstlas.
Address
Illinois Life Insurance Company
MARK B. LOCKYER, Mansgor
Stock Extbunze Uuildlutr.
?
- PiBfefToay or accountants
Igftljfed l-ublU AauaUBt
FOR CONSERVATIVE
INVESTMENT
Tax Free Hailroad Ilond
Excellent hrcurity
Lurse foluklns fund
V
PRICE TO YIELD 4.35
Circular furnished upon r.-cuest
rV.El.LOR & PETRY
Members N. Y. 6 rnlla. Btock ExtlMte
3S8 t'OMMEBCIAli TBUST BUILDUiO
Cumulative Preferred
EatablUbed tweotr jctr
Real E.UU Value Sl.SW.OOO.lW
Earunwa nearly flvo tlms dUldtoa rea"1
acnts.
Clrrular on rewt.
Elwell, Naulty & Company
Stork Bxliat5 BUS-.
PlillaJslpbla. -
Pansms, s
fsaatna Is
1
cvmea 1H
iis lAWSP11 a aOWN t CO.