EVENING LEDGER-PHILADELPHIA, WEDNESDAY, MARCH 22, 1916.
16
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FINANCIAL NEWS
COURSE OF PRICES IN MARKET
DETERMINED BY BEAR ACTIVITIES
Many False and Unfounded Rumors Circulated.
Urgent Attempts Made to Cover Shorts Com
petitive Buying From Banking Interests
High Points in Today's Financial tVcws
Another new low record for German mark. Sharp break in Vienna
exchange. Heavy trading in Anglo-French per cent, bonds on New
York Stock Exchange. Demand for steel products continues large, with
premiums of $5 to $7 a ton paid in some cases, llig steel rail orders
placed. Steel Corporation docs not favor advance in price of rails.
Dividend and interest payments in April total $ltW,7iOtfi52, increase
$t8,7SJ,tGG. Receiver of Hock Island authorised to issue certificate to
pan bond interest. Kellogg Switchboard declared So per cent, stock divi
dend and a quarterly cash payment of i! per cent. Arlington Mils in
creased dividend, placing sjock on $H annual rale, against $i previously,
Draper Company declared $5 dividend. This puts stock on $JO annual
basis.
New York Stock Sales
lt ri.r llleh. tow. niwe.
Ad.tnn K.tprc nn'i 141)
,iaks 3 Ciolil M...
AI.Klt.i Cold Mlnei.
AIlH-rhalmfM Mfe
AUh.(-h.il Mfc pf. .
Am As Chemical ..
A hi liri't Suk.m
Am Can
Am Cm pf
Am Car & Kdv ....
Am Coal I'rodurM. ,
Am Hide tt l.ra!h-f
Am Hide A I, pf. . .
Am ico ScMiritiM. ..
Am l.lnscrtl
Am l.lnwd pf
Am Loromdllre
Am I-m-omnllvp pf UWi
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N'HW YOttK. Marrli 22.
The course of the market In today's session Wns determined l tnar
activities. The Improvement in tlio afternoon followed absolute ilcliliits of
statements In reKnrd to overtures of peaco made yesterday. False rumors,
unfounded reports and misleading statements wore elrrulated throughout the
morning ut the same time that vigorous bear attacks wero made on many Issues,
but failed to cause any further unspttlwtient In the speculative situation, and
thero wero Indications that weals accounts had already been thoroughly liqui
dated and holdings could no longer be disturbed.
The bear energies seemed to be exhausted before noon, and Instead of
further attempts to depress prices being made after midday, tho most Important
feature of the market was urgent attempts to cover shorts. The uptown bear
plungers gave orders to buy the market on a largo scale, but met competitive
buying from banking Interests, and with the combined demand from tho two
sources a small amount of floating stock was absorbed.
The market situation for the time was helped by the Interruption of West
ern wire service, choking off the supply which might have come from the
nggrcsslve bear operators In Chicago anil other Western points.
More attention was paid by substantial Interests to the Industrial situation,
and statements about the condition of the steel trode were effective In Induc
ing a good deal of quiet buying of Tutted States Steel common and of many
of the minor steel Industrials. The copper stocks, too, found nrnro friends than
they havo for two weeks, and thero was a ready market for all tlmso shores
without any wide variation, oven when somo large selling orders were executed.
The rallying tendency shown created a belief that the tnarlcet has stood
a severe test, and that no one understands this better than the uptown and
Western bear plungers.
Advance in Hail I'riciM Not Favored by V. S. Steel
' NEW VOUK, March 22. It can be stated on unquestioned authority that
tho Vnltcd States Steel Corporation Is not In favor of an advAnce In the
price of rulls and would not follow the lead of any other company that might
put up Its quotation. While every Interest In the trade admits that conditions
arc abnormal, the point Is made by those well Informed on the policy of the
leading Interest that In view of the fact that rail quotations haw been firmly
held during periods of depression, It Is only fair that the transpoi'tation com
panies should now enjoy the privilege of paying the same price they always have.
To Issue Certificates to Pay Hock Island Monti Interest
CHICAGO, Starch 22 Judge Curpenter. In the t'nlted Statex liistrict Court,
today signed an order authorizing Iteceiver Dickinson, of the Chicago. Hock
Island nnd 1'acltlc Itailway Company, to Issue SfiOO.noo series "M" rertitlaton
to pay tho interest on tho first mortgage bonds; nlso $1,494, OOn Choctaw nnd
Gulf bonds and $15,000 to pay Interest on series "It" certificates, due March 18.
Am .Smelt & Itcf
Am Smelt A Itef pf.
Am Smi'lt pf A ... .
Am Snuff
Am Snuff pf
Am Steel Koumlrlfj.
Am Su.u Itef
Am sugar Itef pf..,.
Am Tel ,t Tel
Am Woolen
Am Woolen pf u'l't
Am Writing I' pf 17' j
Am vmc I. , sm...
Anaconda Cop M...
Aoelated Oil
A tell Top & S V.. .
Atrh Top ,V S V pf.
llald Ixiro Wks HlO'a III
Halt & Onto ,W4 sx'
Halt Ulilo pf ja't
ltatoplln Mlnlns 2i
llpttilelipm Mwl o()i
Hum? Utoj sVi
Htitte & Superior sMi
Hutlerlek Vo 2l)1j
la I Petroleum 'JH
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WAR ISSUES HELD
INTEREST ON CURB
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to' v a?
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22 225 i 22
13' 42' J 124
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Cuban Cane Sugar Again Ac
tive Midvnlc Broke, Then
Recovered Somewhat
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Dividend Increased by Arlington Mills
nnSTOX, March 22. Tho Arlington Mills has Increused the dividend rate
from $4 to $5 annual basis by the declaration of a quarterly dividend of IV
per cent., payable April 1 to stock of record March 2ii. Heretofore Arlington
has always paid semiannually, the last declaration being 2 per cent., payablo
January 1.
KelloRg Switchboard 50 Stock Dividend
CHICAGO, March 22. The Kellogg Switchboard Company has declared a 50
per cent, stock dividend to stock of record March 21 and a quarterly cash divi
dend of 2 per cent., payablo April 20 to stock of record April 27. Tho last
quarterly dividend was 3 per cent.
Illch.
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I.ov. Close.
U.U.I ll.ua
11. HI 11. tm
1-j.ia is.ia
HMH 12.111
1 3.1 l".3il
KM I) 1'.' II
COTTON UP 10 TO II POINTS,
THEN SAGGED F11031 15EST
Texas and Oklahoma Drought Not
Yet Relieved
NEW YOItK. March 22. There was
no conspicuous) trading on the Cotton Ex
change this morning, nnd with tho ex
ception of a email Bupply from Wall
street Interests and spot houses, and an
equally light demand from ono or two
traders, there was no feature to tho
market. Tho tono was steady. May
Bhowcd a decline of two points, with
other months ono to five points higher.
After the call tho demand Increased, and
resulted In a gain of five points In May.
Blx In July and threo In October.
The western belt forecast for generally
clear weather stimulated the covering
movement and the nctivo months sold
about 10 to 11 points net higher. At
this level offerings appeared to bo a
little more liberal and tluctuatlons became
Irregular. The concentrated buying of
May, which attracted so much attention
here yesterday, was not In evidence, but
near months wero relatively steady both
here and In New Orleans. A private wire
from New Orleans said there was an ex
cellent spot demand thero. somewhat nbove
quotations. Tho market was very quiet
after midday. The demand to cover
shorts on the disappointing view of
weather conditions seemed to havo sub
Bided on the advance to 12.22c. for July
contracts and prices later sagged off I
to 5 points from the best.
Texas and Oklahoma were still with
out precipitation to relievo the protected
drought In those States, and there wero
no Indications of any rain within tho
next day or two.
Yes. close. Open.
March ll.DO ll.II!
july IS. 10 12.10
October :.. :!! Jh'-S'-'
December . .12-M ?;'
January ! '
Bpot 12.00
Liverpool Cotton
UVEnPOOL, March 22 Spot cotton
was quiet at a decline of 5 points, on the
basis of 7.77d for mid-upland. Tho sales
aggregated 6000 bales. Including 6000
bales American. The imports were 38.000
"baleB, Including 36.000 bales American
The market for futures closed steady and
net unchanged to 2H points higher.
FOREIGN EXCHANGE
NBW YORK. March 22. Aside from
tho usual dally feature of a new Sow rec
ord for retchsmarks. thero was a break of
8 points In Vienna exchange this morning
The continued decline in German exchange
has resulted In the anticipation of lower
fleures by certain Interests before act
ually established. In this way there were
reports of a quotation of 71 li for relchs
inorks but these were not confirmed in
any responsible quarter. All business was
said to have been at 716-16, a new low
record, the previous low level being 719s
"nelchsmarks cables were quoted at
M i Vienna was nominal at 12. 331
1341. compared with 12.4512.40 at
the close on Tuesday. Pesetas shaded
Blichtly. but French exchange and ster
ling held steady. Demand sterling was
auoted at 4.76 5-16. and cables, at 4.77.
wno cables were 5.94H; check. 5.9194.
other quotations were: Lire, cables.
6 89; checks. 670; Swiss, cabtes. 6.22 hi;
checks. 5.23; pesetas, 19.10 19.13; guild-
Quildera were Hrm at the quotations
Lhove but Scandinavian kronen showed a
foWof 10 points at 28.80 28.90.
The market continued dull In the aft
ernoon, without quotable change In
relchsmarks from the low record estab
lished at the opening 71 5-16 and 71K
Vienna worked down a cwole of xlnts
further to 12 38 and 12.
beav
for
fhattffi
anca were
3S2iSS4iher Fin.
New York Bond Sales
t'-'OOo Ailamx Kxprrix J.
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I Ills Secur Corp 5s. 73 73 , 73 .
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loon Ins Copper cv Ui...llrj
lftuiiu lnterli .Met 4Hn.... 71
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-'li Japanese 4Ws Ml
Moon Kan City Ter 1st 4s hi 4
.'0110 l,k Krlo & v 1st im'J
"iio Lack Steel 5s lli'.'a..lirij
11'"" l.k SI) deli 4s 1U31.. DM.
-'"Kl MlPh Cent U 4s Ml
ruuo Morris 4 Co 4H.- UU
10(10 Jlo Kan & T 4s "... 73'i
1(100 Mo Kan & T Sd 1'trS 3S'i
170'Jtl Mont I'ower 5s NN. VilTs
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16'iDO N V Cent lis 114 im 1134
lilinil do en 4s SiH, 8UH Ml 4
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1SII00 N Y N II I II lis ..1144 1144 1144
20(10 XVOtlVl.Hl . . hS'l K3'i h3ll
aiiuu .- v uy rer is 7114 TU'i
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SOUO N y W C & II 4 4s . 7 7h1I
101)0 .Nurt & W i' 4a "... 0 PO
23(10 Nor I'ao Ben 3a ml1, (13 'i
looo Ont I'ow 5s 11.1 D.-,
2000 Oro Short 1 let 4. . Wi t)3'i
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.'oooii do en 44s 10.14 10.14
200D Peo & Cast 1st 4s.. 2)1
souo l'ub Hcrv NJ s. . . . pu'i
51X10 Hep Cuba Ss 11)01. . .lu
QMioo Itep Ir & H 5s 1)1) 'i
21H10 Hock Island rfd 4s.. i'.i.N
r.ooi) San A & Ar V lut 4s r.5
7000 Seaboard A I. adi 5a U114
liuoo outn iten os inu'y
2000 South 1'ac cv 4a S84
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4(!(ino South I'ac rid 4s U0 1)0', uo1!
14000 South Kwy em 4a... 71', 71 'I 71 'I
liiOOO do con 4a 102 1029, 1024
Jium llenn C & lr 1st 5s. . 117
41100 Ter Asan bt I. re( 4s U'.)4
31H10 Third Aw new 4a .. S24
411OH do ad J Ss M
finim Tokto 5a 7S i
2000 u S Itealty 5a 714
I noil IT S HublMT Us ......103
pooo U S SUel 5a a t 1014 1014 1044
1000 do rex 5a 1044 104, 044
150UO Union 1'ac 1st 4a... 1)74 07'i U74
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3IMHI West Cliester Lt 5s. 1(14 lmu
2OO0 W wt Klet CV 5a . 1.12 I. 11
5(al West lid 1st 4s 72H 724
2000 Wett E lie M cv 6. .131 131
2i)o West Shore 4a 1)2 4 024
5000 West Union 44a.... D34 954
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724
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834
RATES FOR MONEY
Call.
New York
Philadelphia 34 04
Iloetoa 3
Chlfara 3UC1
Commercial paper, three to tU months, Pblf
adolptila. 34 W 4 per cent.
3U
044
BANK CLEARINGS
Bank clearings today, compared with
the corresponding- day in tho last two
years, as follows:
11)18. 1013. 1914
Phi la . S3J,BtKI.330 J24.U01.U1S fa iutZ 111
New York. 470.701.300 273,132 850 327.2K1.353
lioetoa ... 37 471820 24.081. (xitf 2J.J.HOUO
CK.t.na .. (14 1117 A'S 11 3IU ji! J,.. 3 . ...V
04. 1U7 l)2 4S.304.I84 33.031 241
BIU 11.T43.12T 12.3al.021
t'al l'dfolcum tif fia'j
Canadian l'arlfle lotl
Central latlirr tnU
Chandler Motor til
Chm' & Ohio Ot
Chll? CopinT L"."l
Clilno Coniwr 61
ChiraL'o tit Wosl li
ctii tit wt pr :i,
Chl Mil & Si 1' ii
c i:c .v st I ir,
Cluntt l'ea & Co 7;I4
cm Ktid a Iron Jfih
Col it south it nf ui'i
Continental Can s.1
Convjllilatetl (i.n l;;ip j
Con tl li I. A 1 Hal.. at)
Continental Ins Co
Corn Products ltd.... 22
Crucible Steel Ilf)
Crucible Steel pf II.V4' H,V llo
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1 her Financial News 1
Sssjs
Den Itlo Or pf.
Detroit i;lliun
II W II Sec Corpn
Dome Mlnei
Krle
IVil Mln & Sin
(ten Chrmlr.il
Ccn Chemical pf
(ieneral Klectttc
(letieral Motors
(ieneral Motors pf. ...
Cloodrlrh II K
(Iranhy Consol
(ireene-Canunea
(iteat Northern pf. ...
ti N efs for oro prop,
(iuucenhelm K.xpln...
let Acrlciillur.il pf. ..
Int Harv N J
lnsp Con Cop
Int Paper pf
Int Nickel v t efs....
Int M M eof dp ....
Int At M pf e of dp..
Jewel Tea
Jewel Tea pf
K C t't S & M pf...
Kan City Southern...
Kelly bprlns Tiro...
Kcnnecott Coppr....
Ijck Steel Co
Lehluh Valley
!. liubber Tire
M nckny Cos pf
Mamell Motors
Max Motors 1st pf. ..
Max Motors 2d pi...
Mexican Petroleum.
17 17 1
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. 2l'i SVi 2I' 2.14
374 374 374 .'174
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Mpxtcan Petroleum pf.101
1004 1114 ItW
Miami Copper..
Minn & St Louis....
Montana Poer
Nat lihcult
Nat Knam & S Co...
Nat Lead Co
Nat Hys Nex 2d pf.
Nev Con Cop.
304
, 70' i
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2.1'j
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. 74
1.14
New York Air Drake. .Ill
N Y C A II It.
N Y N II II
Norfolk .V Western...
North American
Northern Paeifie
Ontario Silver Mln...
Pennsylvania It It....
peoples tias Chl
Philadelphia Co
Pitts Coal Co N J . . .
Pitts Coal N J pf. . . .
Pitbhuruh Steel pf. .
Pressed S Car Co... ..
Pressed S Car Co pf.
Pub S Corp N J
Quicksilver
Quicksilver pf
Hy Steel Sp Co
Hay Con Cop
Heading
Kepubllc Iron & S...
Kepublle l & s pf. ,
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SO',
Hock Island 4
lO'JJj 1094' 1004 100'
11
. 34
. 5M
. -14'
. 304
100
. 09
. 214
, 00
Humely M cfs dp.
m i)uu a a y
St U S. S F 1st pf. ,
M I. & S F 2d pf. .
Shat ArUCop
South Porto It Sun
Southern Pacific...
Southern lty
Standard MlUlaj...
btudebaker Co
Tenn Copper
Texas Co
Texas Co rl.'hts. ...
Texas Pacific
Third Avenue
Union llaj & Paper. . .
Union Has & l' pf. . . .
Vnltcd Clear Stores...
United Chwr Mfrs. . . .
Union Pacific
Union Pacific pf
U S Ind Alcohol
USCII'&P
United Fruit ,
US Ituhber
U S Itubber 1st pf.
U S Steel Corpn...
U S Steel Corpa pf.
Utah Copper
Utah Securities
Va-Caro them ,
Wabash 154
4
144
34'
54
.14
374
ii
114
34
54
14
304
1R04 1S5
OSJJ 0S4
214
05
214
01
114
34
51 'j
14
30.4
1S5
0S4
214
O.i
1U4 1114 14W 1424
6-1
.100
. 17M
. 74
- 024
33
04
024
1334
S2'X
15-14 155
1K, 23
.hi 1 i:?
IUU4 11M
174
74
0274
SM
31
OM
(114
174
'H
..145
. . r,'
84
324
0)3
03
133M i:i34 1334
s-i s.1 S3
1524 1645,
23 23
54
105)
174
74
024
SM
31
015
(34
.,,' ,.,- ..-.
iiuji no i-ioyt
524 514 524
110 110 UO UO
. 844 85 81 hlM
1104 116K 1104 1104
. hW 814 81 SIM
. 184 IWi 1S4 lb4
40! i -13 45 45
Wabash pf A.
Wabash pf II
Wells Faruo Kip. ...
West K &. M
Western Maryland..
West Maryland pf. ..
West Union Tel
Wheel & 1-ake Erie. .
Wtfeel & I. 13 2d pf.
Willys Overland
Willys O pf s r f p .
Woolorth F W
414
274
15
45
2S4
144
444
iti
144
44M
27M
1274 1274 1274 127M
00
204
. 40
. 80M
. 34
. 3M
.'l
00
30M
17
804
24
in
20
U03
20
10
sum
23
34
004
20
40M
bUJj
-'4
33
226 220
.105 1014 1044 1044
.1214 121), 121M Vilii
LONDON STOCK MARKET
51. 4
00
174
M)4
IIM'4
101
1004
SMS
704
124
601
834
SS4
30
214
A3
1004
55
03
014
224
.11
134
304
0.1
12
73
404
50
S24
137
Iil
5S
214'
004
11.1
1
MOW VdltK. March 22. While Interest
continued centrcrt almost entirely In llic
so-called wnr stocks nhd n few of the
hlKher price specialties, renewed pressure
set In lifter a somewhat higher opctilnff.
In mine quarters It was said Hint the
hulk of the sellltiK enmo from Inside
(sources. When low levels Wero reached,
however, rallies set In, nltlintigii In nearly
every litstatiro values ruled below the
previous eloslliff. The early losses ex
tended from 'd to I 4 points, nlttintleli In
ono or two Institnceit they amounted as
IiIrIi ns to points.
Toole KiiKlnecrliiK and Machinery broke
rather sharply nlmut 11 points on nmull
orferlnirs. The fluctuations In this stock
minted from 2 to S points between trans
nctloiis. DrlKKs-Kenhury fell 3 points,
Midvnlc .Steel, nfler opening up nearly n
point, timho 1 4, but later recovered the
larper part.
Cuba Cone rtucnr1 was ngaln the ncllvo
feature and nfter ilerllnltif: tiontly .1 points
nn what limkeil to be kooiI selllni later
reeovemd a point on covering by traders
Antua I'Jxplnslves, nfter cnrly Iieavlnoss,
recovered.
ttmids tvern In fair ilotnnlid. with
Chesapeake nnd Ohio flow Ss tho feature.
INtiCKTM.U.H.
JtplnslVCS
Anltin
MTS
aii ouir Swiss,
lo nri'f
Amnrlrtin Murrntil
AJm Itiibhrr Inc wl
fill
i, 4
('nniiillnn r'nr and Pnundry tt.1
,ln timr
I'hi'vrolni Mntiir 'nr
I'ulinti Cnti.' Hticnr
I'urtlse A'rnpl.inx
1 irfiorS'ltnbtirr ,
r.nK-rmtn Phnnosraph
Ilnsknll and llnrtor Cnr . .
Iloniteo MfB
Inter Mi-r Mnrlnn
1I0 prrf
I.vnn riwin"
Knthnillnn Itrnnw Pill
Miiiihnitiin Trnnslt
Mnxltn Munition
Ml.lv, SlrH
nils i:.vnlor
1 ittn i:ii.iilohr
In prcf
p.prl.s Miitnr
I'nnln DnK "Mil Atiu-hlno ....
St ,1'ierntl Loin
S S Knw I
Stnn.tant Mijtnrs ....
Stihmarlm: limit v t c rtfn
Trlanofn Film y I rtf ....
rnlinl Prnnt Hharlnn
C H l.lBht k Itent .,.
( M l.laht & Item pfil
Wnrld Film
STANPAim on.
Prnlrl" Plrw
Illinois,,
nhlo nil
S 11 nf Cnllrnrntit ..
S o of Now Jersey . . .
S o nf Nrw Vorli . . .
si
..lit!
.. il J 4
. . IB.
. , I 'J 4
, . 3.1
. . 104
. . TO
:: ,8U
:: .,!.
::
..
, .
. . !!'
,.110
, . 1 .14
.. Il4
, . S4
, . .in
. 1
. i'i
,. n
. 14
. 14
suitsitUAitins.
san
1S3
aai
sm
....MB
sua
in 4
"4
,.14
I"
To
SJ
Kill
IM4
.11
inn.
IS! 4
43
s
lll
Sto
l.
n,
(ills
(1.1
nn
nil
it
no.
!!
al
i".
14
Buying Most Brisk of Year Virtually
No Selling
LONDON', March 22. Buying of secur
ities on the Stock Kxchango today was
tho most brisk thus far this year. There
was vlrtualy no selling;. The feeling re
mained confident and the markets were
strong.
The election of an all-Britleh Stock Ex
change Committee was realized and re
ceived approval. The revenue of the na
tion tor the week was 18,801X000. The
year's revenue Is now 11,000,800 In ex
cess of estimates. There was expended
during the week 57,900,000.
The week's sale of exchequer bonds ag
gregated 7.674.000. The amount of treas
ury bills outstanding was Increased 24.
880,000. Americans displayed Irregularity, but
Canadian and South American rails were
steady. French buoyancy was shown la
Home Railway shares.
Firmness was noted In forelraaru. Tha
French loan worked off a. little Xrom the j jf'rUoii "'a
OTIlim ('It- STOCKH,
Hariwtt "H
1 'nnn "It
Chalmors Oil
Kotiston Oil
Midwest Hiflnlnn
Snpulrm
MINIMI BT0CK8.
Atlanta
(Vrro ilo rasrn
Ilutt C ft V t i-lfs
lluttK k N V
Firm Nat lonal 1 'opper
c.liltVM Merircr
llni-l.i ' MlnlnB
I luwe fiounil
Jim Ilinlrr
.ltimlsi KxtiTslon
Mucmii (.'nnwr
.Mi-Klnliv-Harni8h
Mini's of America
Mplsslna Mines Co ...
San Toy .. ,,,::
West I2nil Oonsnllilaleit
Ken Zinc
IlONDH.
Krla 4s
i'.rro ili Pasi-ii lis
Itlilvalo Steel Ss . .
Clii'B & Ohio ." w 1
II
374
S
a.
ft
11
-111
t
s,i
in
a
104
73
1.1
js'.J
23(1
1.1
Kill
t2fli
2t
S
is
(17
1(1
,1X4
N4
.14
II
1:1
IJi
r.U
s"
711
174
12
a H
II 4
is
-.ft
1,1 li
S7ti
llll
tis
PS
RENEWED SELLING
SENT WHEAT DOWN
No Demand in Market Injury
to Winter Plant Growing.
Receipts Liberal
rilli'AOO. March 22. A lack of de
mand was clearly evident In tho wheat
market today, and nfter a period of lirm
ness prices weakened under renewed liqui
dation. Ir1tl.1l quotations were higher on
froe ooverlntf by shorts, which was In
llueneed by the failure of yesterday's
peaco news to be confirmed nnd an ab
sence of rain In tho Southwest, where a
loug drought has prevailed.
Heavy snows In tho corn belt and rain
In tho Ohio Valley made tho market color
less mid spiritless nfter the rise, lluycrs
then lost heart and values gradunlly
worked downward. The market at Liver
pool also developed easiness after a steady
start, Manitoba cargoes there dropping 9d.
liuslness hero was hampered by pour wlro
hcrvlce, which was Interrupted 'by tho
storms.
The I'rlce Currents weekly report wns
bullish, Indicating that Injury to winter
win-lit Is growing. Heavy damage was re
ported from Indiana, Ohio and Missouri,
and It is believed that the area would
bo further contracted from 31,200,000
acres reported seeded last autumn. It is
too early, however to determine tho ex
tent of the abandoned ncreago. On April
12, at noon, tho Weather Ilureau will be
gin Issuing reports un conditions In the
great grain-producing regions and will
continue Its publication each Wednesday
during tho crop season.
Arrivals In the United Kingdom con
tinue free and tho freight situation Is
easier, but continued complaints of scar
city are coming from (iermnny. While
Franco has made large purchases In Ar
gentina and Australia, shipment has been
held up because of the shortage of vessels
and tho wheat will have to be obtained
elsewhere. Itecclpts wero liberal. Kx
ports sales were reported at about 1,000,
000 bushels, principally Manltobas.
May finished at S1.08H. after having
been as high as 11.09'i. against $1.0871
at tho end yesterday. July closed at
I1.07H, after having sold at ll.08i.
against fl-07?i. yesterday's last price
Last quotations were ytc. above the bot
tom on May ahd July.
Lending futures ranted as follows:
Yes.
Wheat Open. HUh, Low. Clo. close.
Slay ; 1.03S 1.01'H 1-OHli 1.084a tl.OU
July 1.0S4S 1.0S J.07J5 l.OTHtl.OT'm
September. 1.00 1.07 1.03 1.0(1 I.OOVj
corn inew uniyury.-
May 7JS 7R',
July 7rt 77.
September. 70S 70H
Oats . , ., ....
May 4-1 S 44
juiy:::::: 43?! 43s
i.aru
74a
75 S
7SS
74 H
73!
til
42
75H
7(1 fi
70
414
43U
May 11.52
July U.77
September. 12.00
Illba . .
j!K :::::!ii:33
Mark-. .22.00
July 22.70
Ilid. tAiked
11.55
11.77
12.12
12.83
22.110
22.77
11.37 11.10 11.52
11.60 'It. CO Ml.75
.... U-ft'-S ....
11.90 tll.07
U.I2 '12.20
22.S0 22.R0
22.S3 22.U3
12.10
12.32
2.B3
2.60
LOCAL MINING STOCKS
TOXOPAH STOCKS.
f
Dlil
Jim nutter S(l
JUc.Njmira Ou
Midway 17
Mlzpah Kxtenalon 17
Montana 23
Northern Star 15
Tonopah Ilelmont 4 (
Tonopah Kxtenslen 4K
Tonopah Mining S
Ilwicue Eula 24
West End ?S
COLDFIELD STOCKS.
Atlanta 13
lllue Hull 03
Ilooth ??
Uulldo 01
C O D ;..; o3
Combination Fraction 07
Ilamond(leM B U 02
l4ly 04
Klorsnoa .,... .40
Goldfletd Consolidated 87
Goldfleld Merger 11
Jumbo Extension 78
Kewanas . 14
Oro .,. 04
Sand Kan 03
Silver Pick ,08
MISCELLANEOUS.
Falrv Ateo 01
Klmberly, -.01
40
-. .,,.!. 73
Aiked
.hH
.07
.10
.10
.27
.IS
4.
4 11-1S
B'i
.23
.77
.10
.ill
.31
.03
.04
MH
.03
.03
.42
.SO
.12
.80
.13
.03
.OS
.07
.03
.03
J8
1.60
Sales in Philadelphia
Net
Hlsh. 1.w. rlo. eliFf.-
17 Am Has 120IS iso't ln, '
HI Am llwjs. . .32H 3-',, :!sii H'ii
1(1 dn pref t)ti H!'H '"'
loo Am 7.lnr S4 S14 M'
1.1 Hurt ft Sim t.o 42 42,, 4J . ...,.
2 dn prof ,-ti'i .: 14 I'" J; '
3d rhox & Ohio.. (tl-Si (it4 '" ill:
3 Citm Steel Kl SI,, St -1-
20.-. nice Htnr (12 l Ol'a ;.
222 den Anphnlt.. :i 7 U MT ',, - - J'
3D Kenne Cop . . . .-.('.. r.Ufi M', JJ
133 Lake Sup Corp to lil'l inj !4
Il'.l LehlKh N.iv.. Tit 73 S 7..S - "
27 l.ehlKh Vnl .. 70 70 70 .....
3 I.eli Vnl Tr. . . 23 23 WI - '
too .In pfd 4 1 11 M
173 lVnnn ,",7;1 37., ,. (,
lis fa Htrel pfd.. !mf, It?! I'M 1
111 I'hlla Co I2U 114 4ti .
323 I'lilln t:ice ... 274 27'4 27H
IS I' ft T t e 111 111 1
UilM Phlla Trac .. 7S 77'i 7M . ....
201) Iteinllnif Mli Ml'l M
713 Ton llfl 1 1,4 li 4 I- '.h
,'HIS Ton Mln Ilji II IIU
lot l-ii Iran I3ii l:t"i 13 "
211:1 t; II I Slf, Miji hn' 4 '
23to t' H Blwl .... S3 SI 'a HI'i !
Kin I'lnh Cop ... st'i S1H HtU Jy
Ml Wont IlliT ... (ISji 113 Ji 113.
10 Wnr IAS... Ill, 101 104 -t 'a
21 Wnstmnrp (VI. II7U ili'i "7H
Km W Criimii & 8 so ,n HO
Tntiil :ilp, (1307 Omrea. ronuwrril with
1)311 alinrea jipatrriliut tlma fur I Ida ek.
3J.I37 Mwrrai aiimc iierlml biat rel(. n3.ll I
alnlre".
linNt9.
Illch
PREMIUMS OF $5 TO $7 A TON
PAID TO STEEL MANUFACTURE!
Demand for Products Enormous No Lot-nn ,, w
Tnniiii'ioa Wifli ITlli'f Viol' nr1oia -fr inirr r . o"'i
April Dividend and Interest Payments Large '
7B.000 Ions, of rails, ihn tu .
Steel Corporation ban 4rd lo'L8!1'"
tho American Steel Company A l
and tho Cambria Sleel (Vm,,"'
llcved to have taken the, reS"7 ' k
Thr PAnnii.t,. M "... '","lln 1 (In.
...- . ..,..v ,,,.,lla itaiiromi rltt . . " 1
place an order for a largo tonnll? .bb1' '
some time this week V rtuMil H,1 I
roads in llio South bavo &"' '
the r ordern for miio ti-u... ,aa' Platj i
rails are to bo made durlnir thnT.i.n ,h1'
of this year and the first n.f,'!,'1
IJlvldend nnd Interest (llsbum.m. .
April will reach the totalTfej i
nn Incrcaso of $18,733,166 a8 m!''M'
with April, 1D15. aceordlns toSaCramMl
tlnti nuulo by tho .loiirnal of oS2pD
This Is the best uliowlns for ff McJ ''
for n number of years In ih, JT0"01
.ii.i.iiiiii.'-, iu., uiu.ua; will be mm '
This Is nn Increase of in ts.Kw t
1200 Am (I H III 3a i:a
ini n
l.nw. Cloae.
1(3 4 11.1 "fl
tll.Tj 1113
t02'l Ilia'
1 113 'a HKlta
Ill.l 1IM
102 102
NX
rhtrp
'.
Ml ll.lld I, Int 3.a.t034
anno i lty i Hi l.i. .102 "a
1IIIHI II H !' Co N J. 1(1.1 'a
(11100 l.eh V i.rn la. 103
I.MIIIO P. I (lrli !.. IDL'I.
('.noil dn ion i4a.lo.-.ii 10314 1()3"i
Iimiii Va . Md S c.!. inn' ton' lnoji
looo Itcnd kcii U. IM. tli Ul'a
-f-tnerrnan llrrrnnaf.
T0I11I aiilpa, S3(l,700. riimiuirril ultli Sr!),.(l0
.araterdnvi tlma fur lllla iirrk, XI77.KHII Milne
period In. I nrrk, SI2I,0(IO.
Local Bid and Asked
Toilav. Yealerday.
Ill.l. Aaliod. Illd. Aaked.
Itiirf & ftua T C II 12 II 42
dn if, 3SI, ,V.i'4 riH'i .V.i i
Drill .1 U 1.1 H 12 ' 13 '
llal.Iulli toil, ion1. ltiSi It'll'.
Cam Strel m". si '4 "H xl'i
lllei'ttle StoniRp 12 03 02 iW'i
(leiierul Aihiilt 37 :i4 Jin". :t7't
dn if,I 7li 72 1, 71 'i 72',
Ki-yatniio IV I II '4 1 l"i 1 1 'a HJi
in t . tl'a 1 li Ui tl
do ird '!!' 7" IV' 70.
I.11U0 Sttn Cnrp I"'4 t"V l"'i 1"'4
UilllBll Nnv 73'i 7(1 73'j 7il'i
bclilitli Vnl 7'i : 7.s'i 711
bphlcli Vnl Tr 22'4 23 22 1 22.
do pfd 134 -II I3'a II
IViinalviinln 37 .".?'l nilyu 37
1'hll.i lllm'trle 27'4 -'7. 27lj 27i
I'll la Cn II 4 I2'4 II s4 ll'l
tin 3 vr ront. nrcf. 3 illi :is :m
10 11 iwr cent. iTef. I3'4 II I3'i 44
I'hlla It T t c l"t ! lti in'4
Itendll'K MI'a MI'i Ml hli'a
Tun Ht'lmont I't 4'i I'i l1
Ton Jllnlntt il' tt V, 11 il'i
Cnlon Tmrtloti I3'a I3. I3a 13 i
I'd I Ml. MI'a Mi's Mit
IT S Htrei M'fc .S4i SI '4 SH
Vork lty lll'a II HI". 11
do prnf 37 .'17'i 3ils4 37
Win Crnmn ir so S2 711 S2
llx illi Idem).
Financial Briefs
The N'ew York Curb Market Association
has admitted to iiu'otatloti the 1.000,000
capital shares uf the Xellle Mlnlntr Com
pany, par value $1. as n prospect and the
!i!l,0U0 capital shares of the Ivastem Cana
dian Copper Corporation, Ltd.. par value
$10. The Security Transfer and lteirlstrar
Company Is the transfer agents and regis
trar of both companies.
Hanks lost to New Vork Stibtrenstiry
yesterday $l,n,in,00O, and lost sluco Krl
dny last J 1,217,000.
Tho Iliildivln I.ocomotlvo Works has re
ceived orders for tho following locomo
tives: Ten o-fi-O typo for ChlcaRo (Jrcat
V, estern Itallroad ; ono o-O-O type for
liiRersoll-ltand Company, of riillllpsburi,',
February gross cnrnhiKS of the Inter
boroiiKh llapld Transit Company were
$3,03.0S(i, an Increase of $329,2n.", over
Kebruary of last year. Net Increased
I152.58S. and totnl Income $139.SiJ2. UlRlit
months' gross IncreaHed $1,196,631!, and
total Income $,"i04,990. Surplus for the
period Increased I46S.I27.
Advances wero recorded in sovcral
prominent bank securities sold at auction
today. Tho stock of the Kranklln Na
tional Hank headed the list with an 11
point rise. Klre Association of Philadel
phia advanced ."Hi points to 34A; Hank of
North America, I'i points to 260 ij. and
Second and Third Streets Passenger Hall
way, 3',i points to 2401,.
Tho annual nicetlnE,of tho General KIcc
trlo Company will bo held In Schenectady
May 9. Hooks close April 8 and reopen
May 10.
Tho Hutterlek Company report for tho
year ended December 31, shows profits
of $158,139, a decreaso of $10,965 from
1914. Surplus for tho year was 518,723.
against $59,6SS tho previous year.
Tho Tidewater Oil Company directors
hnvo voted to Issuo J4.S00.000 new stock
nnd to give stockholders of record April
10 tho right to subscribe at par to tho
extent of 20 per cent, of their present
holdings, on or beforo June 1.
Tho regular bonrd meetings of the Penn
sylvania Itallroad, Pennsylvania Company
and Panhandlo companies, usually held
today, wero postponed until next Wed
nesday. As tho Pennsylvania Itallroad
annual election occurs next Tuesday, the
board of directors will bo able to or
ganize for tho year at the meeting next
Wednesday.
IIAILKOAD EARNINGS
KANSAS CITY Hi"Ti:iiN
1018 Increu
February cross t .vi ,
Net 217.412 27.3(11
Klaht monthi' Kroau.. (I.iini.h7i) 103,473
Net 2.350.011 33S.1BI
Decri'UBe.
Money in London
LONDON, March 22. Close: Money,
44'.i. Discount rate, short and three
months' bills, SVi.
Paris Bourse
PAItlS. March 22. A further Im
provement took place on the Bourse today.
Guaranteed Income Bond
$500.00 a Year for 20 Yean
To any named Beneficiary.
GUARANTEES $10,000 total pay.
ment regardless of length of time tht
beneficiary Uvea after your death.
At Age of 30 Cost $86.92 a Year
(Grow Annual Coat)
Kntta at ottier
asta upon application.
Aitarcaa
Illinois Life InturanceCnmpany
MARK B. LOCKYER, Manager
Stock Kichunrc Uallillof,
Tax Free in Pennnylvania
Penna. R. R. Cons. 4Js
Due August 1, I960
Particular on application.
A. B. Leach & Co.
IIS SOUTH FOUKTII STREET
Bell Pboaa Lombard 297.
Mew York Chicago Uoaton London
DIHECTOIIY or ACCOUNTANTS
CarUXUd PnMla AcuuiiUaU
LA.WB&NCH, B. BItOWN CO.
3F
Demand for steel products continues
enormous, according? to most of the trails
Interests, who report buyltiR In this coun
try for delivery either late In 1!MB or dur
Inc the first four months of 1017 on a
larRO scale. Itnllronds arc placliiR loco
motlvo nnd equipment outers, which nro
brliiBlns In contrncts for steel supplies
and the consumption of structural mate
rial also shows a substantial tonntiRe.
There has been no let-up In foreign In
quiries sitid further orders for 1917 have
been placed for many products, while on
other business tho question of deliveries
Is receiving more attention from tho buy
ers than the prices that arc holnf? paid.
This Is especially true of shapes, plates,
rounds and bars, nci'ordltig to somo
makers.
Indepetutent steel manufacturers nrc re
ceiving the highest prices In history for
various products, In somo cases the prem
iums nmouiittiiR to ns much as i'i to $7
per ton. .
Orders for larco steel rails recently
placed with the makers In this country
amount to 212,000 tons. The Haltlmore and
Ohio has ordered 73,000 tons, tho Chicago
North western 40,000 t"'!2, the CmcnRo,
HlirllliRton and Qulney 20,000 tons, the
Atlantic Const Line 13,000 tons, the Mis
souri, Kansas nnd Texas 15,000 tons, the
rnlolt Pacific lfi.OOO tons and tho Atchi
son 10,000 tons. This Is n total of 100,
000 tons. Ill addition there wero 22,000
tons taken, 1(1,000 tons of which wero In
smalt lots, from many Interests, rntislnir
from ,".00 to 2000 tons, while tho Stone
Construction Company, which Is building
a railroad In Kansas, ordered 600 tons.
Of tho Daltlmoro nnd Ohio's order for
- " '' -.. -.,nv: "I flt.(ddlllft ,M
Interest payments will bo nnn'ro.i-3
59i.700.000, upalnst $ 3.000.6oo In .V '
same month ot the previous year.
Thero was no chance m tradlni r, ...
Philadelphia Stock i:ehnB toj
tho market wns very quiet Prlc
ments wero Irregular, nlthnugh the rhIl
wero not great. Ono of thoep&
tho general rule was American lull.?
common, which advanced U t0 ih. i "'
point ut which It has been sold thl, St
Tho company's preferred stock, on Vi
other band, lost U . Delaware ttlrer IVrr.
Comiinny of New Jersey S3 nppeatnl;
tho tnpe for the first time. tlOOOchanew
hands at 10,1. Philadelphia Traction"!
the initial sale In the afternoon i '
'.i. but it recovered Inter. American IUil 3
ways common lost its caln in it,. .."" '
noon. ' u,w-
SECURITIES AT AUCTION
The follmvhiK uecurltlns wero sold at nuellon
loiloy bv linrnes t.nllnnil:
(niliiij CloviTlrnt Coal MIiiIiir ( o., lut
mtRP.. rnurmis Jiinnuary nnil
July, ihi" 1U23: lol 110
$3000 KoMKnnn MlnliiK (mil Mnniifoetur
Iiik Co. ." tier rent. Int mtF".,
iiiilions April niul (.'ttnlwr, oil"
1113(1
78 hK. Illff Ilrnil Conl Jlliilnit Co.j nir
$imi t
IS bIih. .Inhn II. HtrtKiin Co. pre!.: pnr..,,
Him U'O'i
10 nils, (loriiuiii Theatre Itealty Co.
par fin
41 shx. riormnn Theatre Ilenliy lo.
4'i
4
os?;
ns
,.n Clll
tlOOil IImrI Untitle Tllie Insurance nml
Trust Cn. 4 per rent. inortBimn
(rust. Intorpst May mm Kovem-
lwr. serli-s N. (hie 1II1S
t.-.nn llnnl ITMlnln THIr, nn,l Trust ( o.
1 per cent, mnrlpnpe trust, series
r. iinernsi January nini jiid
ilun HUN .
7 shs. rim Association of PhlladPl-
pnr tr,0 ..!"''
Preferred lo.m partiilpiillnn eertlfleate
fur MO."'1". Blien by lloriien SUern,
trustee uinl'T imrci'inent. o.ili'il
Mlireli 30. 1IU2. $2000 piilil. Xotl
preferreil loan imrtleliMtlnn eertlfl
i ales for $30(10. Klien by lloraee
Stern, truite.' under nwreement,
il.ileil Marcli 30. 1912 lot it)
1 shs. Hank nf North America; l'.ir
$100 2(1014
in shs. I-'nurth Street National Hank!
par $l"o -HO
10 shs. Franklin National Hank: pur
$100 -.-,;, 4l(
13 shrs. Kranklln Notional nank; pnr
$1011 li"
1 sh. People's Trust Co.: par J30; 10
2 shs. Klre Assn. of I'hlla. ; par $,iO.. .31.1
200 Illshts to siiliserllie to Camden lire
Insuranee Assnelatlnn loo
43 shs. l'enple's Notional Klro Insur-
nnee Co. : pnr $23 ' . ! !
2 shs. IVnna. Klne Ins. Co.; par $100.. Ill
4 shs. IVnna. Klre Ins. Co.; pur linn.. III'1.
23 shs. l'enn.i. Klre Ins. Co.: par $100 .110
.'in shs. North Penna. It. It. Co.; par l.iO III
30 shs. Plillu. and Western Hallway
Co. pref. ; liar $30 ;. ..,.
1 sli. 2d and 3,1 Sts Pnss. It v. Cn 2I0'.
13 shs. 2.1 and 3d Sis. Pass. lty. Co 240
1 sh. John II. Stetson Co. coin.: par
linn 370
HI shs. Do boni; Hook nnd Kye Co.: par ,,
$100 02Vi
73 shs. Keystone W'ateh Case Co.; pnr
$toii 7oi.
100 shs. Pratt Komi Cn. : par $1 2'4
2 shs. West Laurel Hill Cemetery Co. . 1'Jil
du hIis. (IMm Portland Cement Co. com.;
par $30 4
22 shs. (ll.int Portland Cement Co. rom. j
pnr $30 4
$100(1 Chesapeake nnd Delaware Canal
Co. 4 per cent, flrst mtee. , Inter
est January and July, reKlsteri'd,
due Jlllll 04 i
$1000 Manufacturers' Water Co. 3 per
rent. Ilrst mnrlEaBe. eoupons
Juno nml Deremher. due ln.T.i. . .101
$300 North SprinKlleld Water Co. n per
rent. Ilrst mortiraue. eoupons
January and July, due 102s.... 85
NEW YORK COFFEE MAIiKcr '.!
NIOW yoltK, March 22.-The cott '
mnrkot was featureless this morning Jii
first lirlcos wero unchanged to one rli i
higher. Sales nil. w"" t
Mnrrh
April
May ,
Juno
July
August
September
October
November
lieeember ......
Kebruary
Hid. tOffereil.
Tmlnv's
nprnlnn.
Itt.ni
Ttsterdaj'!
-Into
.oi.n
7.1
7.M
7
i-m t'ii
"P'M
i' L l.l
T.oaiifs.oo 7.S;.iJ
".111! J.M
. . 8 6
.s :
8.:soi.ii
NEW YORK BUTTER AND EGGS
NI'.W VOUK. March 22. Hl'TTHtt Market
for fresh cable crailes firm, with supply hardly
equal tu demand. Herelpts. USUI paekaKes.
Hxtra rreumery. 3Se. : hlKher seorlrur. 3s'5li
3!ie.; Stat" dairy. 3737'c; Imitation cream
ery. 211 'a Id 27 Hie. ...
KCU1S Market n shade lower, but elos.
Inu steady at prelty pooil demand. Hecelpts.
13.032 cases. Kxtra tlrsts. 22c. j firsts, 2H0
2 1 'j c. ; whlto cbbs. 21 li ra SSe. : brown eitss.
232le.: mixed eolor. sHj'JL'Sljci refrle
crutor best not quoted.
DIVIDENDS DECLARED
firny t- Davis, reculnr quarterly of IV m
rent, on preferred, paynhlp April 1 to itnokJ
record March 22. n
Westlimhnuse K.leclrle nnd Manufacturki
Company, usual quarterly dividend of Pt m
eent. on common nnd l. per cent, on in.
ferred. "
American Surety Company, usual ouirlnlr
of I'i per cent., payable March 31 to holdtS
nf record March 23. '
Hepublle Hallway and l.liht Corapanr. nt.
ular quarterly nf IH per eent. on prtfrrrrt.
payable April 1f to holders of record March IL
Mexican Telenruph Company, rcmilar nuih
terlv ut 2' per rent . payable April 13 u
holders nf record March 31.
Central and South American Tekgraph Ceo
pany, regular qunrterlv of l'j per ctnt., mr
nliln April N to holders of record March Jl
I'nlon Natural (.as Cnmimny, of PlttuburA
rcBiitar inmrterly of 2'4 per rent., pcnbii
April 13. Hunks close March 31 and rtcmi
Aurll Kl.
American Locomotive Company remlir
quarterly of I, per rent on preferred, ptr.
nble April 21 to stock of record April 3,
Plttsliursh Coal Company renuLir quarttrlr
nf l' Hr cent, on preferred.
Prnctnr & (bimhle Cnmpanj'. regular Ql
terly of 2 per cent, nn preferred, payabli ,
April 23 to holders of record Mnrch 31,
LIVE STOCK QUOTATIONS
CHICAfill. March 22. HOGS Uecelpt.i. 32..
(ion. Market r.e. higher. Mixed mid butchers.
$li.33,'l 11.73. kooiI henvy, $11.3011.73: rouBh
heavy, $'..0!Uli 70: llBht. $H.130,70; plus,
J7.3nWS.ho: bulk. $!i.53i'!i.70.
l'A'rri.13 It.i elpts. 13.000. Market steady.
Heeves. $7,731(11.30. atockers and feeders. $8ft
S.30; Texans. J7.23OS.10; calves. $slo.,-,().
SllllUP Iteceipts. Iil.noo. Market steady.
Nntlvo and Wistcrn, $S.401).15; lambs. JU.JS
4(111.70.
DAR SILVER
Har sliver today wns quoted In London at
277il.. u Bain ot H1.
Commercial bar silver In New York was
quoted at SriHc, an advance of Tic.
Draper Company Increases Dividend
BOSTON". March 22. Draper Company
has declared a quarterly dividend of $5
a share on tho common stock, placing tho
stock on a $20 annual basis. Since July,
1913, tho stock has been on a $12 basis.
Itegular dividend of 2 per cent, wbb also
declared on the preferred stock. Doth
dividends are payable April 1 to stock ot
record March 20.
HOME STATE
INVESTMENTS
No. 6
We Offer and Recommend for
very conservative investment
the First MortRnpe Bonds of a
Inrpte Pennsylvania Public Util
ity Company. Junior bonds
outstanding to the amount of
1 1-3 times this issue show great
margin of safety. Interest it
earned over -19i times. This in
vestment will yield about
4.55
Tax Free in PenmylvanU
Details on application
ECWAJR &SM.UH&.C0
BANKERS
nsTini.isnrn 1803
Jfrmoers A'cu Vorfc and rhUaJtlb
Utock Exchanges
imojin j mi CiiEST.fi'T Sts.. Pniuei.
o ii.e BriiUEi New Toil
We Specialize in
ZING
CONCENTRATING CO.
mjvsasjusMa
MAX B. BORG
Stocks and Bonds
20 Broad Street, New York
Phone, Rector 2305
Handling the Soil for Profit
Prof, fcjemry G. Bell, the noted
agronomist, will lecture on Soil Fer
tility, Thursday, March 23, at Z
P. M at the Board of Trade. Room
258, Bourse, Fourth below Market
The lecture is practical. He da
cusses use of lime, drainage, type
of soil, life in the soil, plant food,
plant growth.
If interested. You are invited.
Corn Exchange
National Bank
Philadelphia
Brown Brothers & Co.
Fouivni and Chtstnvt Streets
PHILADELPHIA.
Securities and Income
j
.ti
LJi'r
We take charge of securities and collect incomes for Pcr. ;
desiring to be relieved of such details; crediting an account su ,
to check or remitting amounts collected.
If
sn.7T a s
IMS HB1) tSTATS TUUUT UU,
mtrjmtm
v.
top.
tKavada Woo4