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n
.
EVENING LEDGER PHILADELPHIA, THURSDAY, iVrARCH 23 1916
.
FINANCIAL NEWS
BEARS TRIED TO DEPRESS PRICES;
f DRIVES DID NOT INDUCE SELLING
News Relating to Mexican Situation Intensified Read
ing Strong on Expected Announcement of
Important Developments in June
High Points in Today's Financial News
Highest price for'Var silver since 1914 reached today. Big demand
for the metal. About 20,000 shares of Cambria Steel have not been turned
in to Atidvale under sale plan at $81 a share. Price of steel rivets boosted
$2 a ton. Dank of France lost gold in week, while Hank of England
gained. Foreign exchange market dull, Favorable earnings for Lehigh
Valley and Southern Pacific in February. Utah Consolidated Copper
declared a dividend of SO cents and an extra disbursement of 25 cents a
share.
NEW YOItK. March ,23.
Efforts -were again made by the bearish contingent to depress prices in
stocks today, but on the boardroom floor, where the trading was closely watched,
It was Bonernl comment that tho bear drives were without success in Inducing
outsldo selling nnd that tho only result of the bear operations was it further
Increase lit the nlready largo outstanding short account.
"While tho bear attacks were In progress the news relating to the Mexican
campaign was Intensified as much as possible, and In order to nttrnct general
attention to tho Mexican situation Mexican Petroleum wns subjected to frequent,
concentrated attacks. This stock proved tho weakest point on the market, as
few Wall street Interests are Inclined to tako a position on tho long side In
It, and tho only support Is that furnished by tho bankers concerned In Its control.
Reading attracted- general attention by Its strength In the nfternoon.
, Without any special bidding, the stock was taken by a number of brokers on
small orders all tho way from 86 to 8"jg. but above 87 some of the room traders
- joined In tho buying because of the Indications of persistent absorption by a
single group of financiers. These buyers had little to say about the incentive
for the movement, but the statement Is ngaln made by close atllllatlous of the
buyers that announcement of Important development! will bo made In June.
nd that accumulation now Is on definite knowledge of what that announcement
will be. .
It was a matter of general understanding in some important banking circles
that a new pool or syndicate has been formed in the Wabash Issues, and those
stocks wereTrnorc prominent In today's trading than they have been for n long
tlmo past.
Pool activities were tiguln noted In many of the war-order stocks, but tho
" speculative public seems for the tlmo indifferent to What these stocks do,
or what their industrial outlook Is. Standard Issues are steadily gaining In favor,
but stocks llko Union Paclllo are no scurco that there is no possibility for such
an accumulation at a fairly low level as could be desired by any market com
bination that might be disposed to begin active operations In them. Some
large buying orders were executed In fnlted States Steel common, and this
buying made tho stock Immune from bear attacks for the day.
.More Inquiries Tor Copper in Market
XEW YORK, March 23. Tho chief feature of the copper murfcet today wus
tho increased number of Inquiries from domestic consumers and from Kurupe.
Ijirgc quantities are involved, the estimated total ranging between SO.000,000
and 60,000,000 pounds. As has been true for some time past, the question of
delivery Is receiving more nttentlan than price. Leading producers and deal
ers continue to quote nominally at 20 cents and 28 & cents, respectively, far
spot and nearby tnuterial. The amounts that can be purchased for early ship
ment are so small, however, that little significance Is attached to these prices.
For Juno copper Important Interests are asking 27' cents n pound, with 27
cents quote fdr July. August and September shipment.
Steel Rivets Up ?2 a Ton
PITTSBURGH, March 23. Manufacturers of steel rivets have advanced
prices $2 a ton. Rivets wcro marked up $3 a ton ten days ago. Tho semifinished,
steel market 13 constantly gaining strength. Tho conviction that a shortage
of raw material will become acute in a Tew months has extended from pro
ducer to consumer.
LIQUIDATION SENT
WHEAT PRICES DOWN
Break in Drought Foreigners
JTeld Off Some Bad Crop
.Reports Received
44
3d
nit
All
31
II
18
in
to
34
3d
It
UKATIIKIt CONDITIONS.
WASHINGTON, March 23. Adrift re-
rtlTtd at the Weather Bureau today Indl-
tnttil tho followlnc weather condition:
Temperatures.
I.nw.
Canadian Xartlmest. .nrrfln. 31
Northwest clear
Middle Went clear
Southwest clear
Upper MlssUslnpl ViiI . .clrur
toner .Mississippi Vul.. clear
fihln Vnllov nrecln.
The following precipitation (In Indies
wan rtporltd: .01 at Medicine lint and
Cincinnati! .OS lit I-oti JvMt and U
Molnest .04 lit Indianapolis: .10 nt SwlCt
Current: .14 at Klklnit .IB at Cleveland
and Colombnsi .24 at Pittsburgh) .10 at
Chicago, and ,i'i at Toledo.
CHICAGO, March 23. Liquidation
anally made Itself felt in the wheat
market hero today and after tho under
gone had shown somo strength prices
weakened. There was a break In the
drought In tho southern part of the south
western dry area of the belt and It wus
ofllcla'lly predicted that the remainder of
the- section that was In need of moisture
would receive It soon.
Rain was reported In Oklahoma and
' northern Texas, and private advices said
that thcro had been four Inches of pre
cipitation In some places. Notwlthstand
Insf the rains, there was good buying of a
speculative sort at times.
Impressed with the Immensity of the re
serves in the United States and Canada,
foreigners continued to hold aloof. They
appeared to bo convinced that prices must
go lower. While no fresh developments
f with regard to tho opening of the Darda
' utiles were noted, it was- said that pros
pects were improving slowly.
Whit the larger professionals here
wern buying today the smaller ones sold.
Tho tendency of the market at Liverpool
waa downward. May, here, after having
sold as high as X.099i, finished Vj cent
below yesterday's close. July, after
having touched $1.08. finished at tho bot
tom at $1.06 ; or ltt cents lower than
yesterday, September, after having been
up to M.06, also finished at tho lowest,
4t.0ti, compared with J1.05T. at the
Close yesterday.
Some bad crop reports from Indiana
and Illinois wire responsible for whatever
firmness there was. The bears temporarily
, were checked.
Iadinc future ranted as follow
High
f New York Bond Sales
Tti'day1!
I.ow. Close, close.
"Wheat Open. High. Iw. uiosa.
Slay ..... l.oSft l.OUH 1.O7J4M.08,,
July ..... LOTH l.nJ .oU'J0?ll
Sept. ..... UM 1-OtlH 1.04 l.Ulfe
tnm fmtur ftallvtrvl-
Corn (now de IveryJ
May .... S jU
July 25J ZSN
42ri
-a
May
July
uiSvrr...u.to
July 11. jo
Sept 11. I0
rnht-
. J-.w
7.i i;
7T 73H
472
88
43 H
88
l.uaH
1.07W
1.00
74 i
'.Sfc
Ut IT
-May
July . .
Mir"".. -.
July .00
Hid. TAaked.
11.43
ll.CS
12.00
13.20
22.05
22.T0
11.30
11.32
42
11.3S-T 11.40
II.uu
11.80
11. bU 11. 0
11.82
11.85 fll.87
12.0S 12.07
11.07
12.20
22.77 22.7." 22.80
22.67 t2',37 22 5
NEW YORK BUTTER AND EGGS
NEW YOItK. March 23. BUTT KB Mar
ket prices lower, oa irash table srades. with
the tone unsettled at the close. Receipt. 4170
pickaaes. Extra, creamery. 37c,: higher acor
Ex, 37H03SC.; State dairy. SUH037C; Iml
laiion creamery. 27 27 Vie. ,
EGOS Market tone allghtly irregular and
generally lea firm. RscsIpU, 23.41 caaea.
Extra first.. 21 822c.. tlr.ts. Slg2n.i
white egg". 23HW24i.: brown gga. 23V24i.:
mixed iolor. 31 4it 33 Mr retrtgerawr beat
not Quoted,
LIVE STOCK QUOTATIONS
CHICAGO. March 23. HUUS -- IlsoelpU
'loiHJ. Marks strong, ae. oisnar. uuiu i
AT'fl.'K-Jle:elpU 3900. ' Market steady.
itoiwl. l.ta0: t4id JMlfen. I8.85&
S.B3. stockew and t&dm. U.l: Texas.
I8.75: eatvea. 9lu.i. . .
SHEP Becelpu ia.Oi, Market tronr.
iativS ana Wesurn. I5fl: lamb. 18.73
ffU-7t.
French Rank Loses Gold
PAKIS, iUrcn .3 --The wejtiy atate
ni vl the Bhiib. ol Frmnce) ahowo a de
. raa$ uf U an OU'i franca In gold and
, aj uygrm; ol' S j i oe irz&m In silver
$1001.1
noon
"ouo
1U0II
.11H0UO
2.III0II
100IP0
10()(
nooo
20(111
lr.ooo
10UII
r.dooo
:iuoo
1000
looo
24000
10011
loon
nooo
.",000
1 10011
2000
Inono
nooo
Kii ii in
320IHI
:ioo
moo
21)00
21101)
looo
:iiiiio
1(10(1
11)110
inoi)
aiHio
noon
SOI 10
coon
loin)
.linn)
1 (100
mini)
r.ooo
lr.non
,10011
in ii in
noon
mini)
2(111(10
moo
looo
Iniii)
r.ooo
2(1011
noon
2(1011
I oooo
looo
soon
L-iioo
2001)
r.ooo
11)00
nooo
200(1
II nno
limn
looo
201)11
anon
l.souo
7(100
200(1
7000
looo
looo
7000
I nun
2001)
Minn
101)00
3001)
40011
1000
1001 III
12000
1001)
10000
140011
32000
3.100
noon
2DOO
moo
30O0
moon
1000
2U0OO
2000
4000
1000
78000
soo
1000
3000
3000
5000
1000
2000
looo
soon
nooo
20UO
SOOO
3000
looo
IllKh.
Alaska Uold r f pfd.103
Amer Asr ., 102.
Amer Cot Oil ..... Hi.
Amer Hide & I, Us. to)
Anglo-l'renrli I, .Is. ii.v;
Amer Tel cvt 4'ja..lnsl
Amer Writ Tap .is.. 72i
Ann Arbor -Is t;;t
Atchison Ren 4s.... U4S
Allan Co hlne 1st 4s 02 '4
Halt & Ohio ." lot
do Is m,
do rv 1 'sh Injt
Il&O I' LKAtWV 4s. Ml,
Halt & O Hmi :)',.. in u
Heth Steel 1st .',H..U1
11 rook n rt T ." IDlS.ldlti
Hurt itoch i- i Ss.,110
Hush Term Is fcsj
Cul Gas Ai Elec r,s.. IHiS
Cent I.eath 1st 3s.. 101
Cent l"nc 1st 4s.... 111)1,
Chill Copper 7h lal!
Ches & onlu rv 41ss Ml.
Chi & Alton .Vis...
Chi (It West 1s 72!,
Chi II & () Joint Is. lis?,
Chi It Q Ben 4s... 113 ij
Chi II &. y 111 3 4".. N.ni,
Chi JIM & s i Ben 4i 1)3 ,
Chi 11 J8P an- 4s 1)2 1!
Chi II & H ! cv ns..ti)7
C M & 8 ! i-v 4js.inn'i
C M & s gen lfjs.K)2-tk
Chinese rets r,s i;s4
Den & Itlo (Ir Is ... 7s '.
Den & Hla Ur rfd .s nil'.
Detroit United 4Hs. 77 4
win oecur l.(irp .18.
Krle gen 4s
at Nor 1st .Is
111 Stl ricb I'is ..
Ind Stl Si ....
lowu ivnl ret Is
III Cen rf,l 4m
Ins cop cv (Is . ,
inter -Met 14a 74
Inter It T rot 3s . . mil,
Int Mer 31 ct 4fes . II7S
,,. a - ci OS . . . .
.lap new II s 4 (is
1. Urlo & w 1st .-is
I, Mh deb 4s 11)31
.Mex I' Co (Is S C
Minn Ml , 4s .
Mo Kan Hi. T 2d Is
Mo I'ao 5s 1121). .
Mont Tower ."is. . .
r-ai i-inam t hiii
H"n
7.1 lt
. an'
..1112's
. ns
. . no
. mi
. 77 'J
. ooi.j
. mis
. inn,
"S1
!! ns't
. . im'i
13 IIS
1.0 (V.
111,1
lU2s
u;.
101
Hi;,
in;',
t2's
n:i
in i,
t)2't
luu'.
Dls
mm
01 j
In I
mi
111)
SSI,
1)1) 4
1111'.
nni,
131 ;l
41
72',
n:i
n.i,
03 1.
i)2 ;
1IMl4
100 Ji
102 -,
nu5;
78'.
sh.
77".
Mil
7.1!,
11!)
II)',
1(12
.-.H
ill)
11)1
71
9!),
l7'4
I?-
im'j
Close.
Hi.'i
102'.
))-,
104
ii-. i.
ins',
72',
HIS
02 U
101
1)1",
llll'j
til's
101
101'.
110
8Si
IID'4
kii';
IMH,
131 '1
Ml
II
72 5,
!IS.
11.1 '.
h.1 1,
113 .,
1)2',
lllll,
100 1,
1112;,
lillI
7Hi4
.-.II.
77 W
73 H
7.1H
!l!)
Plli,
3 112 4
r.n
1111
mi
74
117',
155
113.
. (Ill
. 83 U
.inxU
. 1014
t,.,,.r
. 00
.in:
Mi
-N Y Canal -Is Innt . .in.l,
.V V Can Imp 1'ja 111',
.V V c I. H at,B.:.. 77S
N V C t If nin.... M
V C & Hud 4s... 1124
.N V C d Hud 4',s. Vill
N V Cent rn 4s Ki C
N Y C 3l,s Xov M4 SIlS
N V Cent (Is lilt.
N' Y City 4!,s 11lfl4.1()2!
.V Y Oas It ft I- 8l.10.1ll
N Y N' II & II (ls...Ult5
N Y Out A W 1st Is N3'J
N Y Tel ten l). IiuTi
.-or ran prior is
Nor lac gen 3s. .
Ore Short It ref 4s
Ore Mhort It let lis.
Iao Coast 1st fts.
Pac Tel r,s
I'enn & At I (Is. .
I'enna 4s 104H
do firen ct I ti . . .
Thlla Co cv 3s 1022 113
I'ub Serv N J 5s.. oil's
Reading gen 4a.... 1)4 ,
Itepuh Cuba 3a 1001. 100
do 5s 1014 DO
Hep Ir H 3s 09
Itork Island rfd 4s. . 07
South Hell .Is 101
South Pao 4a H7
South I'uc cv 4s HS!,
do cv ret f 11 5s. , ln.l
South Pac rfd 4 oof,
South Rot gen 4.. 7l
do con Ca Ki.'S
Term A'n St I. 4 4 1004
Third Ave. new 4s . . 82H
da ailj 3a 81
Toklo 5s 78
Trl-Clty S WOT,
If t Healty Ss 72
U H Rubber Oa 103
U B Steel .Is at 104 4
do re 3 1041.
Ln Ion Pac lit 4s... 07 'i
do M 4s 1)0 Vi
Union Itwys H K 4s. 42
V'a I C & C 1st 3s.. 004
Va Car Chem 1st Sa llll
. 1)1
.102
92 'I
5H
Va Kwy 5s
Va Itwy Oc I'ow 3.
Wast Klactrlc 5a .
West Shore rvc 4i.
do 4s
IVaat Union 4 4a
IVheellmr 1, H 4a. TO
Wlscon Cent gen 4 874
Total salt. .810.000. compared with S3..
Stll.lHM) irsterdjyi lbu far this week, $12,.
litil.OOOl same period last nrek, 411,731,000.
RATES FOR .MONEY
1 Cull XI
it .(
3HI s4
Keu- VoaU .
KbtUdelBtua
OpiUMR ......
CoiwaerHal
3
3404
c
Ait:
CasBnwrt-lal baiter, thtoe to lx month, rhll
iiUisSin. 3Vitfl par at.
RAILROAD EARNINGS
I i.tsntuit lALusi.
trih
Kor Kebruary
Tola! Mteratlne rev
N'tsTsMratlBir revenue.
Owratug lneeme
?.
I3.47S.84T
864.299
718.70U
inaatha ended Veb. 20
Total etau-atlns rev 31.jSS4.043
vei oiteratMU "uia tr.. n
SOUTHbllN PACIFIC.
Btekt iieetna-" iirU 101 121 S4
Net 31,B84.W
I atria se.
1E69.345
213.908
239.192
3-.222.B98
1.42$. 17 J
11.709. 07
229. 2
J4.S83.430
T,9.v!0
New York Stock Sales
Ist dote.
Adam KspTPM.,.....iMO
Alasfcs J Hold M n;
Alaska Gold Mines.,.. 2m
Allli-Chalmcn Mfe.... mi
Allls-Chil Mte pf 78!i
Am Ac Chemical 07!
Am Ac Chem pf 07M
Am Hect Sueat 71)4
Am Can K2.H
Am Cat & Fdy 70
Am Coal Prod !f 110H
Am Hide A Leather... 10i
Am Hide A I. pf r-2
Am Ire SrcutltlM US'.
Am Linseed 22's
Am Unseed pf -2H
Am Locomotive To'
Am Malt Corpn pt.... X
Atn Smelt & Kef 10J
Am Smelt A Hef pf. ..112
Am Smelt pf A...
Am snuri
Am Steal foundries. .
Am Sugar Hef
Am Tel & Tel
Am Tob pf new.
!2'i
. i.r.
. .2'i
.111
.12!).?.
107U
Am Woolen fil'-j
Am Woolen pf 01)
Am Wrltlnj P pf 17' 1
Am Zinc L A Sin SO1 3
Anaconda Cop M Mil,
Assets Iteallzatlon. ... OU'
Assoel.itcil Oil 07'n
Alrh Top A S P l(Mi'
Aleh Top AS V pf...ll)I
Dalcl ixiro Wks 100.
llald Loco Wks pf ... 10!i
Halt A Ohio RSi
Halt A Ohio pf 7015
Hank of Commerce 171)
Hatopllas Mlnlne 'Hi
llelhlehem Sleol DOI
Hrown Shoe 5;i i
tlrnwn Shoe pf .... 0(1
Hums Hro XV i
llutte A Superior W!a
Cal Petroleum 1MU
Cal Petroleum pf ,l
Canadian Pacific tliO'i
Central Leather W
Chandler Motor '.1,1
Ches A Ohio (Jl!s
Chlno Copper oA
Chleaco (It West J.1i
Chi (U West pf IIO.U
Chi Mil A St P 05
Chi M A St P pf 120
C C C A St 1. 4'J
c c c a Pt i, pf . . . . 7o;
Chl A Xorthwestem. .127
Chi II 1 A Pac UiK
Col Fuel A Iron -IGU'
Col A South it pf. ... uf)
CompT Itec Co Ill'j
Consolidated Oas 1I!7
Con a E I. A P Hal.. Ill
Corn Products Hef.... 2I;
Crucible Steel 00!
Cruclblo Steel pf 1 15
Delrolt Edison rts Mi
Ulstll Sec Coipn 48
Dome Mines 25!t
Dul H S & All
Krle 37'
Erie rights H
Krle ex rights
Erie 1st pf ,V-'j;
Krlo 1st pt e.t rts . .
Krle 2d pf cs its
Fed Mill A Sm 2iis4
Fed Mln A Sm pf COJi
Gen Chemical :I2
General Electric 1081
General Motors pf 114
Goodrich U F 7:t
Goodrich n F pt 115M
Grecne-Cananea 17H
Great Northern pf 122
G N cfs for ore prop.. 45
lnt Agricultural pf.... 58' i
Int Ilarv N J 110K
Illto.
14lH
01$
20U
:tojj
78) i
(IS
H"
72
Cd'i
70! i
117
51?,
2!
!'
44
70" i
:i5U
11)2
112
I'31
mo
ran
til'-.
inol.
107
52
09' t
IS
tlO'i
HH
:i
07,'
tf)3?i
101
107! i
10ih
SU
7(i
170
2'i
f.02
07
Sl4
Ol'i
2:i
Kj
1071a
0V4
1)34
(il'i
54! i
W.i
::ois
IMU
120; i
44l
75
127
174
47!i
10
4(1
130h
112
221 J
lll'i
H5)t
Mi
10
25
4'i
.Tf'i
:i7'4
.Ml
44;
27
325
lli-i
114! i
73J
11 Hi
47
122
45
58U
Iltl'i
low,
141
0!i
ION
2X'
78
07W
00
7W
02W
COW
W4
Wi
52! i
28j
22H
43! 1
,74i
:i5'
UIO'l
112
02 !i
i:i'
o2Vj
liOW
12051
100,
it'
00
17
XWi
80' ,
:i
l74
lo:t!
100',
101T.
lOS'i
88.' ii
70' i
170
2l
405
5.1'i
07
HI
SI)
2.!'4
Ki
107
55
0.)
04
51
i:)4
30
01! 5
120h
U4
75
127
17
40
40
40
lllO'j
112
215.
SSJi
llo?i
MA
4S.
Int Harv N J pf 114 118
lnt Con Cor v t c sh.. 171 171-i
Insp Con Cop -18) i 4R!f
Int Paper UJi 12Ji
Int I'aper pf 40J-3 Mi
Int Nickel v t cfs 40M 403
Int M M c of dp lGli" IVSl
Int M M pf c of dp. .. 7Mi J43i
Jewel Tea 74 75
Jewel Tea pf 103 100
Kan City Southern.... 20 20
Kelly Spg Tire pf 07 (I7'
Kennecott Copper 57 57
Kings Co E LAP ...130 1293 i
Lack Steel Co 70). bO
Lake Erie A West It 13H
Lehigh Valley 784 70ir
Leo Hubber Tire 50)i ROW
Louis A Nash 124W 125
Majwcll Motors OS (KCi
Mai Motors 1st pf.... S5!i 80
Max Molors 2d pt. . . . 51 thfii
Mexican rctrolcum....ll0 1005-i
Miami Copper 304 37
Minn A St Louis 4,'j o
Mo Kan A Texas Mi 4!
Mo Tac tr cfs 4! 5
Montana Poer 70Ji 77M
Nat Knam A S Co.... 25h 25!-j
Nev Con Cop 15SS 1RW
New York Air Brake.. 143 144
N V C A II It 105! 4" 100
NY 0 A West 28).' 28Ji
Norfolk A Western. . . . 122U 122)i
Northern Pacific 114. 114
Ontario Silver Mln.... 71.' SJX
Pacific Mall 25j 5!i
Pennsylvania It R 57 57
Philadelphia Co 4l!i 42
Pitts Coal Co N J.... 27h 28 i
Pitts Coal N J pf 103 101
Pittsburgh Steel pf.... 03 OS
Prcised S Ca"r Co 51 50a
Pressed S Car Co pf . . . 102 102
Pullman Co 102 lOUi
Quicksilver 2i 3la
HySteclSpCo 40lt' 40-i
Hay Con Cop 233 23U
Heading 80)4' 87f
Heading 2d pf 4054 45Ji
Itepublic Iron AS 523 52!a
Hepubllc I A S pt HKM, 100i
Hock Island H ii
St IjOUIs AS F S!i 3!i
St L AS F 1st pf 5)i 5'lj
St L A S F2d pf Mi Mi
Sears Itoo A Co 175 175M
Sears Koe A Co pf....l27!i" I2.Mi
Shat .Ulz Cop, 3i? 303i
Southern Pacific 08'i 9SU
Southern Hy 21a 2H
Standard Milling 05 05
Standard Milling pf... 87)i 88
btudebaler Co 1 123. UVi
Tenn Copper 5-1 54la
Texas Co lOQJj 100)j
Texas Co lights.. ... 17JS 17i
Texas Pacific 7'i 7.'i
Third Avenue 02t. 02
Tobacco Prod pf 100M 105i
Union Hag A P pf.... 31 31
United Cigar Stores. . . Mi 93 i
United Cigar Mfrs.... W 01
Union raclflc 1333i 134K
Union Pacific pf S3 82! 1
US Ind Alcohol 15Ui 150h
U Bind. k-ohol pf.... 101 101
Unltl Fruit 145 1 I5)i
U S Rubber 52!. 5234
U B Steel Corpn 84M 85)4'
U S Steel Corpn pf....U6!4 1103.
U S S R A M Co liOU'
Utah Copper 8Ui 8U
Va-Caro Cuera 15 45! j
Wabash 14i 15
Wabash pf A -lIJi 45i
Wabash pf B 27j 281,
Wells Fargo Kxp J27M 128
WestEAM IMl'i CO."
Western MarjUnd 29Ji SOJi'
West Maryland pf 401 j -10
West Union Tel BOJ. M3
Willys Overland 22SH 229
WooUorlh F IV 121JJ 12115
t'i
37','
!,
37)4
Kl'i
,Vt
44i
27
50! 3
320
108
11 V,i
73!,
1145i
45!i
122
41)i
583-i
1103
HCJf
17i
47)4
12
M)U
mi
10) j
73
74! i
100
20
00'3
50U
120
79!i
13
' 7834
60!,
125
07
85Ji
51H
IOH4
30j
5
15
Ui
70)4
25' i
1514
1 1214
105)1
28
122
113)4
7)4
25W
50tj
12
2734
103h
OS
54
102
lOl'.-i
3
40
233,'
80
4J34'
52
100J4
a
3),'
5!j
Mi
175),
1253i
30'i
OS J j
213 i
91
88
1 123 1'
KM
105J4
17)4
7tf
r
1053i
34
0)i
01
133),
S23J
ISDJ
101
14434
52)4
ant
HOJi
08)f
81)4
15)4
14
44)4
28
127)
G0)i
29)4'
40
90),
OOT
121J4.
Close.
14D4
0)4
20
30
78
OS
00
7W
02)4
00)4
117
lt)1i
53' i
2!i
22!i
43! i
7A!(
35U
101
112
93!i-
13(1
52' j
110'a
130',
1003,
51 tj'
09,
17!4
00' i
iO',
3
0731
iai'
1 00' J
10.V4
lOS'f
88i
70! $
170
2'
405
KVi
or
81'.'
01'4
23'4
53' ,
I07'f
55
03' i
01',
51'.
13)4
30
Ol'i
120VJ
12'
75
127
17i
Ki1,
lit
10
130' i
112
21' j
80',
1153,
4):
48',
4'j
37! 4
',
37)
53'4
53
444
27
jOJ 1
320
10S
lll.'f
73-i
1144
47
122
4t4
58)4
110i
118
173.
47W
I2)i
.Wi
40! i
1034
73
74)4
100
20
00i
50' 4
120! i
80
13
78.','
50) i
125
0SJ4
853 i
52)j
100)
303i
5
4).'
1)4
77
25J4
15)4
112)4
105!i
28
122 H
U33i
7,'i
25)f
60Ji
42
27" i
103)j
03
5-1
102
101)4
3.'4
40
23)J
SOW
45!
52)4
109! i
ii
Mi
5!S
4)'
175).
125)'
31iJ
osy
21)4
05
88
143),
53 'i
100)i
17M
7)f
023 i
105)4
31
0)i
01
133U'
S2)i
155)4
101
1453'
52i
85)4
110)i
09
81)4
45M
15
4434
28),
128
C0)i
29JS
4G
90i
227
121H
Total sales. 5SS.H00 shares, rotupared with
320.300 shares esttrdayi thus far this week.
J.U6U.1U0 ihartil sauii period lait cek, 3,
D00.O0O shares.
Philadelphia Company Earnings
The ititemenl of crou and net earnlne of
I be Philadelphia Company- and afnllated op
eratlua companies, alasilfled by departmenti,
for February and 11 mwilba ended J-cbruari-20
of the current fiscal year, compare with
CArrespoiullns period last year a follow:
XATlWAIa OA8 AND Olb DEPARTMENTS.
10111. Increaae.
Vabruary arroa . (933.074 )00.-J17
Net .....V.. tfiMi.liu au.315
Bit-yen mootha' aro. t.jwi.
Vet 4.111, T3T
CONSOWDATBD O AS COM PANT OK
liUIvQtt.
Fatruary trosa ,2-;2?
Ket 174
Eleven montba' eroai. lll
Net (detteftl 12.08U
PlTTaBUKaH BAILWAY COMPANY.
yebfiirVwo" ...... T9.20J IUJJ.T0S
Vet 3il.7S3 0. STO
Jitavea tnontiw Bro. 1?.! 3Sl.gtJ
Nit -l.lW.6ii2 783.SW
BEAVER VALLET TBACTION COMPANV.
"l-fT.T-.:::: : !WK 'l:$
E?l.c.tU.'.,rre": HUU mn
Oocrtaie.
128.183
laj.003
piTra-
M.tioa
3. 21a
23.UX
l.VIa
LONDON MARKET
FIRM AS RUMORS
OF PEACE GROW
Prices Reflect Optimism
Caused by Hope for
Cessation of War
MONEY MART IS FIRM
Sales in Philadelphia
High.
3:.
Ket
! ciC,e' STf6'
H2 t'?.. T-
Ak i . . "iU" Ortli
"j atti inHjia. . . :i:i ie; ".,
100 Amr smelt... lol jt 10IH lnJ J T.
100 Am Zinc RH ,Js ,S2' ii
so nn.it! ixic rrer.1011., uy, "?,. , a
v" vnin ntrrii
I no Con Tr N .1
r,n Cruel steel .
200 Klec Store ee
10 tlen As pfd
L'O Ins Co N A
im ijiki" S C
1 1 l-h Nnv ..
a.i i-h vbi ..
411 I'enna Hit
M'i
71.
SOU
112 U
72
2.-, J
;r.U
..'?'
Hl'.i
SO J
112 It
ill's
7.1 H
70
Hi
1.1 l' Salt Mfv.'lnlit IM' lil H
120 l' Steel pref. ns' ns'i OH'.i
.1 rhiln Co . . .
Hill Phlla Klec .
ti 4-1
R9U I
02i ....
?n
n7'.
By FRANCIS V. HIRST
Kdltor Tho llmnomlst. London.
Stx-cfol Cnhle to A't'cniiitr Ltilerr
LONDON", March 2.V Tlie money lrmr-
ket Is firm and tinilor the tax-Ratherers'
screw. The stock market la curiously
cheerful.
1 jtidRo from nn article In last nlRlits
Westminster Gazette ami other signs that
odlclnl sentiment Is nrailuallv belnB con
verted to tho nossllilllty of n satisfactory
peace settlement in the not far distant j
future
Them was a. hopeful sentence In
Premier- Anqulth's last speecli. but M
ltlhot, the French Klnance Minister, went
even further on Friday lilRht. for ho said:
"It la permissible, without boasting,
without Illusion and without vain
optimism, to perceive the end of tills hor
rible war." . ,
This view has undoubtedly found Its
wav to the stock exchange. A well-known
Jobber told mo today that honorable peace
was not only desired, but expected, and
certainly prices In some markets appear
to reflect nn optimism which expenditure,
debt -and impending taxation would not
account for.
1 hear from neutral visitors that Berlin
Is very shabby, but stubborn, and Vienna
bright and lively, but tired of war.
r.i l1 11 T 1 r
n I'hlln True .
1.13 IteadlnK
772,1 Ton Ikd
7o Ton Mln
100 Tenti Copper
101 Union. Trie .
02;
J
2T.k
10
7"..
87 H
nrv
4.1
8!l
.N
i-
27'i
in
87H
4.
."
sn.
K4'
.
j -j
27
in
7B. .....
if" 1 .'
r'..
s;
!i
REACTIONARY TONE
ON NEW YORK CURB
New Dominion of Canada 5a
Quoted for First Time.
Oil Issues Quiet
XHIV YOfllC, March 23. In the mar
ket for outside securities today trading
was decidedly less active and. while a
show of (It nines developed In the early
M-sslon. further pressure In n number of
the leading Issues developed which brought
about a reactionary tendency.
Cuban Cntie Sugar, after a gain of more
than a point, reacted rather sharply on
renewed nelllng pressure, which was again
attributed to Inside account, due. In part,
to the dissolution of the I'mlerwrltlng
Syndicate todaj.
Midvnlr Steel was likewise Irregular.
After moving up more than a point, it
ran off li. Submarine Boat met with
better support and nt one time showed
a net gain of a full point. I'oolo Engi
neering and Machinery, on small deal
ings, rosi- 7 points.
.Motor stocks were also irregular. Choy-
,-. n.r. uniitnt' nt vpHferdav'ft high.
eased off -l'i. White Motors were steady,
but Inactive. . ,
Oil isucs were quiet and Irregular.
There was a slightly better Inquiry for
Uosden Oil. Illinois Pipe Ijlne was moro
active at a range of aliout s points, ami
OJ1I0 Oil was in fair demand.
Copper Rtocks were practically feature
less nnd about uuehnnged. Silver shares
were dull but generally steady.
Bonds were moderately active with tlio
for tho first time. Krle 4s ran off ?
IXDUSTUIA1.S.
Ainerleun-nrltlsh MfB
All UUir A vv I r r. .... ......
Atl UUir 4 IV I S Sj pfd
A lax Itubber Incwl
uanniiiHii - '! ruu..M,j ; i;.
Cnnudlan Cnr and loundry ptd..
. ..........I... a(ap i'nr ....... lit.
Cuuiiii Cnne Sugar "; i
uuriitt rtcupHi,. ...............
Drlucs-Scaliury ''
Hid. Asked.
22i
"o
:in
r,;i!i
LlniarLnll Ihnt11 .....
UIIICIO"!! s sewiiu ....--.---
Haskell and Ilarker Car
Ilendee MunufarturltiK ........
International ilemmtlln .Marine.
Inter Mercantile JIarlne pfd ...
Kathodlon Ilronze pfd
Lynn I'honoBraph
XAK..,.,n nr,.nlt ..........
Maxim Munition
.Mldvale Hleel
Otis Klevator
Otto lllsenlohr. w I
Peerless Motor
I'ooin t.nx anil jiacu
Ht Joseph Mad
S S KreSBe w I
CHanuaru .iiuiuid
Suhinarlnn Hoot v t o ctfs . , .
TrliiiKle Film v t ctfs
United Profit Hhorlnc
u ,i i.isni nnn .icaL ..
XJ 8 I.lsht & Heat pref
White Motors w I
worm rum
12 U
. 44
, 2.1
, 20
: Ip
, 112
. .1-1
, nnVi
Ills
, lit1
, s'i
, an '.J
. 4
. I'i
:. r
:: 8iu
STAN'DAHD OIL 8UI1SIDIAIIIES.
Tralrle Pipe 2.12
Illinois IJl
Ohio Oil , 2J:t
S O of California .'. 2.1.1
S O of New Jersey 322
S O of New York 208
oTiinn on. stocks.
Cosden Oil
maimers oil
Houston OH
Midwest Iteflntn-
MININO STOCKS.
Hapulpa
Atlanta
Cerro
Ilultc C i 7. v't rlfa
imtto t- x y
I'lrst Nntlonai Copper
(loldflelil Mercer
llecla Mlnlne
How- Bound
Jim Hutler
Jumbu Kxtenslon
Map Copper
xiL-Klntey-IJarragh
Mines of America
NI pissing Mines Co
San Toy
Ken Ulnc
nONDS.
Ilrle 4a
Cerro Oa
Chesapeake & Ohio Ss vr I
Mldvale Ss
Kx dividend.
22 T
nil
:i2
no
711
70
811
104
02 i
no
142
IS
1.1
2S
17 tt
75
113
Sll
lilt
28
0
4i
'S
'18
20 n
.. 17
.. lit)
.. 13'1
.. us
.. :i7!?
. S'.i
. . :i
.. 0
. . m.
. i'i'
. . 811
. . 7
:: W"
:: sfi
.. IT
.. 13tt
.. SRIi
..117
.. OS'i
. . 0514
2.1
181
2.1 B
2.1(1
027
212
211i
8
18
(IT
t.i 8
mV,
a
88
78
3H
6
18
13i
80li
111).
USH
FOREIGN EXCHANGE
NKW VOItK, March 23. The foreign
exchange market in the first hour of
business today .showed a steady tone on
very moderate' dealings. Sterling was
unchanged and relchsmarks ruled about
3.16 above the low record. Scandinavian
kroner worked up about 5 points 'and
French exchange was heavy, but not quot-
ably changed from yesterday's final fig.
ures. Quotations were: Demand sterling.
4.76; cables, 1.77; franc, cables. 5.9 5 V4;
checks, 5.957i; relchsmarks, 7114071 9-16;
lire, cables, 6.69 5i; checks, 6.70; Swiss,
cables, 5.22,b; Checks, 5.33; Vienna, 12.12
012.14; Stockholm, 28.8528.95; pesetas,
13.1019.12; guilders, 43 7-1604314 j ru
bles, 31 931.
Later (n the day the market continued
dull. Francs worked lower to B.95 for
cables and 5.96 for checks. Relchsmarks
were quoted nominally at 71 7-16 and
71V;. Sterling held steady at 4.76 i
6.70 7-16 for demand and 4.77 for cables.
2 u i: I
u s Mteei .. .-. im-" ..A i l
1 . do pref Iltl'i lilt's ll'Ji" ,
. War Ir St. 1(l 10i l!l .'
88 Cr.tmii . Pom. so. T8 s i
Total snles. 10,41(1 uliares. eompared llh
0.107 xliires jeslerdujl thus rnr this '
42,0.13 slinrrsi same iierlwl last week, 6(1.312
shares,
IIONDH.
lllirli. Low, Close, chance
J.iniio Am ii k K ,1s. n.Tt. n.14 iibts
2(1(10 Hold 1st .Is 10.1V lor,",,
.'ismo r.UMVo Tr 4s si'4 sl'i
iiiim i:o in tios hs.ioii
.loin) i,h A IV n.ns.lu.i
Olio Irfh Vol mi 4s D.'l
Inn
1l).1i
si '4
inn
lo.i; inn
113
03
ENGLISH DANK STATEMENT
LONDON, March 23.--The weekly state
ment of the Bank of England shows the
following changes: Total reserve In
creased 851,000; circulation decreased
8000; bullion increased 343,000; otlir
securities decreabed 3,160,000; other .de
posits decreased $,150,000; public de'
posits Increased 3,813,000; Government
securities unchanged. The proportion of
the bank's reserve to liabilities Isjiow
38.40 per cent, against 37-50 per cent
last week, and compares with a decline
from 25 Per ceirt. to 23 per cent In
this week last year. The clearings through
the ttondpn banks for the week were
276,370,000. against 258,900,000 last
week and 221.307.000 In this week last
year. The discount rale was unchanged
at & per cent.
BANK CLEARINGS
Bank clerlns today compared with corre-
spooduu w "ii wo rs:
IBIS .
tM.lt,. . .127.S1U.B!
nhkaxo ... .?
BsUiSoore... 0t4i.
ISIS
114
.$27,810,888 J23.18-J.032 J23.603.318
. 61.S9S.4S8 4T.074.812 00.6oI.S2a
4.STJ.635 U.Ool Sl
toon I. v Tr 1st ils.ln.-i', Hi.Vi His'l
Innno Pa tons lots nn
limn jn Co r 4Wn.ln:
nn
102
nn
1112
do l:ns 4ttM.ln.1 10.-,J ln.TSi ' '.
nii
nr,
liiil'i
it
401111
2111)0 Ilendlnir en 4s 11.1
2100(1 Stand lias Us. loo", Hid
-nun I'll iiya tr in ,.,
'-Inerense. Deerease.
Total sales, $61,800, rompared nllh 830.700
etertlnj( thus fnr this eek, 5238.000) some
period last week, $310,000,
Local Bid and Asked
Today's Yesterday's
Hid, Asked. Hid. Asked.
Ilalduln in.ll, inn lOH'.i 10i)a4
do pref inn 111
llUIT & Hus I r II 12 II., 42
do pref ,11'j .11)14 OS's TiBli
nrlllJ U 12. 13. 43., 44.,
Cam Steel Wl'i 81 U SO'i HI "i
i;ier SlnrnBe 112 113 12 03.
(Jen Asphalt :lil -4 37 37. 374
do prel 714 "2 "l' i2',i
Keyslnne Tel 14'5 14 1t'4 14i
do t r 1IU llt 141 14'
do pref llll 70 110 "(I .
Lake Hup Corp 10'4 1(l lo'l in",
Lehliih Nav 7' 7(1 7i1' 7(1
LehlKh Val 711 't 70 "i 7S'4 "
Lehlah Val Tr 228t 23 22' 23
do pfd 43'4 II 434 44
Pennsylvania .17 .17 '4 t,7 37'
I'hlla lllec 27'4 27?. 274 27Ji
I'hlla Co 4l 42',i 4l4 424
do n pr ennt pref. . .'is Rn 3S 311
do djier vent prct. . 1311 44 43 Ji 14
I'lilla It T t v 1N in IN?4 ID
lleadlnu S7 tiTU Sil'i 8(l'i
Ton Ilelmont 4',, 4" lU 4,
Tnn .Mlnlns Hi (Hj IIU IIS
Union Traction I3'i 44 131? 434
United tins Impniv... s!) Ml mi M)t
IT H Steel M'li 8.1 84$, 84 4i
York Hallway 1n;4 II Hlfi tt
do pref Sll! 37'i 37 37U
Win. Cramp t v . . . Ml S2 SO 82
Financial Briefs
Stockholders of the American Steel
Fountry re-elected tho retiring directors at
the meeting held in Jersey City today.
.t ji meeting of the directors of 10. I.
du Pont do Nemours & Co. today tho
retiring olllcers were re-elected. Frank G.
Tollman was added to tho Executive. Com
mittee. The directors of tho K. I, du Pont
DcNcmours Powder Company organized
by re-electing the old olllcers.
Stockholders of tho International Silver
Company today added It. 13. Hall to the
board. George II. Kdwards was chosen
to fill the vacancy caused by tho death
of G. Jt. Curtis. Tho retiring directors
were re-elected.
The managers of the syndicate which
underwrote the $25,000,000 new Mldvalo
Steel nnd Ordnance stock todny mailed to
subscribers checks representing profits
thereon, which amount to between 4 '.i
and 5 per cent, a total of close to 31,250,
000. The subscribers were not called on
for a slnglo payment.
The United States Smelting and defin
ing Company reported for the year ended
December 31 profits of $0,592,324, equal
to $13.92 per share earned on 351,115
shares of common stuck, after deducting
7 per cent, dividends on 486,350 shares of
preferred. Surplus was $3,737,863,
against $36,749 In 1914.
Announcement was made today by the
Reading that orders had been placed for
1000 steel hopper coal cars, 580 to bo
built by the Standard Steel Car Company
and the remainder by tho Pressed Steel
Cnr Company. The Heading Is now re
ceiving deliveries on 1500 steol coal cars,
1000 steel underframe box cars and 500
steel underframe gondolas, ordered last
October and November, distributed among
tho Standard Steel Car Company, the
Pressed Steel Car Company and the Amer
ican Car and Foundry Company.
Total Income of the Utah Consolidated
Mining Company for the year ended De
cember 31 was $3,284,933, against $2,283,
005 tho previous year. Net Income In
crease $900,024. Surplus was $1,128,122,
equal to $3.76 per share earned on 300,000
shares. Profit and loss surplus increased
$197,211.
Hanks lost to New York Subtreasury
yesterday, $954,000, and lost since Friday
last $5,201,000.
David W. Fllckwir, of Iloanoke, Va
has been elected a director of the Norfolk
and Western Railroad to flit the vacancy
caused by the death of Colonel Walter II.
Taylor, of Norfolk, Va.
The Fedoral Reserve Hoard has ap
proved a rate on trade acceptances for tho
Federal Reserve Hank of St. Louis of .1
per cent to 60 days, and 3 for 60 to 90
days.
The Great Northern Railway Company
has declared the usual quarterly dividend
of 1 per cent, payable May 1 to hold
ers of record April 7,. The payment will
apply to outstanding receipts for full paid
subscriptions who hold shares of stock and
will be made to holders of receipts of rec
ord April 7, when the receipts are ex
changed for and converted Into regular
stock certificates, but not before May 1.
The dividend also will be paid on May 1
to holders of record on any shares of
stock Issued after April 7 to April 30 In
exchange for stock scrip.
I Beech Creek Railroad
1 1st 4 Bonds f
1 Due 1936 1
jj Trice on Application f
TAX FREE
TO YIELB OVER 5
2d
& 3d Sts, Passenger Railway
Union rassenger itaiiway
Fran-ford & Sputhwark Passenger
Railway
MEI-LOR & PETRY
Members N. V, Pali. Stock JSxcbaau
SKI C03UIKKCHL IBVST UUJI.lllNa
C
White metal averaged a nu. . ,1
cents In 1915. .Wln.t Bl.at , ft ft
The production of silver In . '?.l!Hji
Slates In 191B wan ii.L ",th? ImK
.An . . ".....u..ctl a, ft ... H
uu ounces,
in 1914
BAR SILVER HIGHEST SINGE 19U.'
DEMAND FOR WHITE METAL LAROl
Present Price 13 Gents Above Low Quotation L
Viwk Tniinnnli "Rpitrmnf. KfnMr TCrmov ah
.s....x v "" r r -".-onus .acuvi
nn 'nhoiinro cia a PnonU
Ull UllHUgl, UU V. IVCOUitl
Attention today was drawn to tho
mining stocks listed on the Philadelphia
Stock Exchange because of the advance
in the price of bar silver In New York
and London, tho price In New York 59 .
cents being tho highest nt which It has
sold since 1914. At that figure a rain of
13 i cents Is shown over the low quota
tion of last year. Of the mining Issues,
Tonopah Belmont was the most active,
nearly 8000 shares changing hands by 2
o'clock, that stock being tho most nctlve
on Change. The price advanced n. good
sized fraction. It Is known that Tonopah
Uetmont has a considerable quantity of
silver stored which the officials of tho
company have been holding for an ad
vance In the price of the white metal.
Tho advance In silver la due to the
enormous demand for small silver change,
stimulated by the war in England, France
nnd Russia, for Immediate use and the
prospective large requirements of India
and the Orient. One reason advanced by
authorities for the strength Is tho In
creased demand from the Far East, re
sulting from better trade conditions. Tho
coinage requirements 'have Inp-eaBed also,
not nlone of tho eastern countries, but
also 'of the belligerent European countries,
whero the white metal Is almost exclu
sively used for military and navy pay
rolls. Tho present conditions are unique, aa In
tho copper market and In Iron and steel
and tributary markets. An Increasing do
mestic demand for silver has been evi
denced for some tlmo for account of manu
facturers of silver products nnd by the
United States Government.
urarS
i85,joo-was $1,026,007 less o,;;r3i
oiiiniioi uiupui oi the hreesAi..' ," '
This country has fchg been il, .
silver producing nattoff of th. "W,
Its 1916 output represented ii2V"t
of the world's- entire output Wr'
The flnnnnlnl ril.1.1.1 , ' . . St
there are about 20,000 slfmi n rtT't
Steel stock which have SlI
iu .uiuvuie oieei ana Ordnatife i,.sBlJ
purchase plan nt $81 a Thaw aI'IM
were 900.00(1 nhim. .. .i. ' .": ttM 1
Ing when the Mldvale" bought o
this would mean that 880,000 (hiS?'
been turned In. ,nreTal
The only reason that th m..
jueii aira over to Miclva e StH, if?.
thev honn In nwni,,M.. r. L"1 V Uji
$8lT Today, on the sale'o ZM
on tho Philadelphia Exclmnte Lm
sold nn U. fo oi ii i2??r " ttetfi
stock has not been very actly.'C
The Lehigh Valley stock fall-.,.!' '-3
spond to tho vrv in ....l'ill W
IngB .for tho month of Februirr ?
tho eight months cndlno- wii. Ii . W
February. The total operallni 11
for the month .k.!7 'tTral
$569,645. ns compared with th.?'
rlod of tho previous year, and Uii, IS
$243,906 larger. Tho elgVrnonthM
miuwcu an expansion of $3,212 ill 1
the net rose Sl.42s.17a nZ.'" '.'.''
points, while Reading xvas upTfaTl j
HEAVY SELLING CAUSED
DECLINE IN COTTON
Unloading by Longs at Opening
Forced Prices Down
NEW YOntC, March 23. Ilaln In parts
of Texas and tho Indications of moro
caused unloading by longs nt the opening
on tho Cotton Exchange this morning and
prices were forced down 3 to 10 points.
The tone was easy. Selling was general,
and as tho buying -was only scattered nt
best the declines on the call were rather
rapid. Later July, which was the largest
sufferer because of the early pressure,
rallied a points, but other options held nt
about the inttlnl levels.
It was raining at Fort "Worth and Abi
lene and ulso In tho western portion of
Texas this morning nnd further precipita
tion was Indicated by tho weather map.
Temperatures were lower virtually all over
the belt.
Liverpool prices were slightly belter
than due, showing losses of but 2 to -I
points, ns compared with S to 4i points
looked for.
The Western belt forecast for rain and
warmer weather was followed by Increased
offerings, but the cotton wns well taken
around 12.05c for July, and prices rallied
during tho middle of the morning, with
delivery selling up to 12.09c, or back to
within 4 points of last night's closing
figures. Thcro were a good many private
rain reports from tho Southwest, nnd one
of the local mnp readers said he believed
conditions pointed to good general rains
rather than mere showers In tho droughty
sections. Private advices from Augusta
put the amount of cotton Involved In the
fire there at 35,000 bales.
Vm. rlns. Onm. itlch. I.OW. Close.
11.11. ll.K.T 11. H.I 11. Ht 11.81
li.iia ii.i)4. ii. nn ii. hii ll.iio
12.13 12.or, UMO ll.us iz.o:i
12.11) 12.13 12.17 12.0!) 12.14
.12.311 12.3(1 12.31 12.24 12.2H
March
.May . . . .
.luly
October . .
December
January
Hpot
. 12.41
. 12.00
12.3 12.3S 12.111 12.32
12. UU
Liverpool Cotton
LIVERPOOL, March 23. Spot cotton
was In moderate demand today at nn ad
vance ot 1 po!i)t on the basis of 7.78d.
for mldupland. The sales were 8000 bales,
Including 6000 bales American. The Im
ports were 11,000 bales, of which 2000
bales were American. The market for
futures closed steady at a net decline of
22',4 points.
DIVIDENDS DECLAKED
American Malt Corporation, reffular quar
terly ot one-half ot 1 per. cent, on preferred,
payablo May 12 to stock of record April 13.
American Piano Company, regular quar
terly of 1 per cent, on preferred, payable
April 1 to stocU of record March 22.
Ohio l-"uel Oil Company, quarterly dividend
of (10 cents a share. .
The American Halt Corporation, usual
quarterly of DU cents per share on preferrfd.
payable May 2 to liolders of record April IB.
Oreat Northern Itailroad Company, regular
quarterly li per cent., payable May 1 to
took of record April .7. , ,
Vlrelnla-Carollna, Chemical Company, reg
ular quarterly of 2 per cent, on preferred,
payable April IK to stock of record March Bl.
Massachusetts Gas Company, regular quar
terly ot tl.23 a share on common, payable
May 1 to stock of record April 13.
Cardenas American Susar Company, rreular
quarterly ol Is per cent, on preferred, pay
able April 1 to stock of record March 25.
Chlcaio Great Western Hallway Company.
n dividend of X pcrft-ent, on preferred, payable
Mav 1 to holders ot lecord Ap-il 0.
Norfolk and Western Hallway Company,
regular quarterly 1 per rent, on preferred,
payable May 10 to stock ot record April 21.
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadelphia
Luzerne County
Gas & Electric Co.
1st Ref. & Imp. Ss, 1948
Tax Exempt In
Pennsylvania
Yield 5.1 5
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 show great
margin of safety. Interest is
earned over A 94 times. This in
vestment will yield' about
4.55
Tax Fre In Pennsylvania
Details an application
Edward B,3witw&Co
BAftKtSKff
BmUIUilO 1893
1tmtir iliu? rorfc and PMlaUlohl
Btaak 3xehaiHt
Bioip ivo CUMxaoi Utt., PuiiiM,
SO Pii snare New ToK
NEW YORK COFFEE MARKEri
NEW TOnK. March 23:-Th. gf
iimiiwinas quiet again tnis momlnr ui
first prlc-B were unchanged totwoooS
lower, with Bales of only 1000' bam C2
opening call. '
on.l'n; '"SWI
March ....
April
May
June
July
Aumist ...
Heptember .
October ..'.
November .
December .
January . .
February .
llld.
.'T.R7
, T.SieT.sJ
. 8.00
. s.nm
. 8.101
I.S01
7.M'
7.M
7 SI
7.1! 15 I
MO H.M it
CV.JJ
s:is
s.isgg.::
5-11 ttt
s.211 :lI
8.5S l;i 1
s .to. .St! W
. pj
LOCAL MINING STOCKS
TO.N'OPAK STOCKS.
ma:
Jim Butler
MncNamara
Midway
Mlzpah Kxt
Montana
North Htar
Tonopah Ilelmont
Tonopah Kxtenslon
Tonopah Mining- . .
Itrscue Eula . , .
West End
.mi
... ,0.
... .IT
... .IR
. . . ,:r,
... .is
... 4,
.4 ll-ls
.. OU
... .1
75
COI.DF1ELD STOCKR
Bid.
Atlanta 14
Hlue. Uull 02
Hooth S3
Ilullilotr 01
(! O. D 03
Combination Fraction 07
Dlamf. II, II 111
Dnlsy 111
Florence , 40
DoldrieliP Consolidated 8H
riotdflelri Mercer 11
Jumbo Extension 7(1
Kcwnnas 14
Oro 04
Hand Kll 05
Sliver llck Oil
MISCEtXANEOUS.
Bid.
V.ilry Aztec in
Klmberly 01
Nevada Hilt IT
Arizona tin -. . . .411
Nevada Wonder 1.7a
Ex-dlvldend.
Aik.l
,.
f
'.
.11
.M
!'
'l
AibT
.U
M
' X
, .
.M
:.u
'IB
'n
ns
X
Ai
.0
.-tt
''.
I
Utah Consolidated Extra Divfdead
?T7!Tr vnnTr urnmi, t n.i. ..m
...... w.... .....w, m. ,im tufli
Consolidated Mining Company hai?i?
dared a dividend of SO cents a shar,:b-'
Koinor wiin an extra oiriaena 01 :t ctr.a
a share, payable April 10-to stock of k?
oru Aiarcn iv. inree montns ago ivctnu
a snuto was naiu. '
1.
I
BAR SILVER
liar sliver M-as quoted In London iitl
ISMrd.. up d. M k -
CommercUl bar silver was Quoted la jv
York ut (10 9.C, up l'.ic. '.S
,B.A.
s DiiPiTTr epmirR
lrnf wivuiv ui.unw
SECURITIES
"Public Service Securities 4
Mu I.'uL.J .i.l. 4h .,. h
uio unr.cu ivim fjc omvwv.
of municipalities."
Q From 5 to 6.
C, With assured safety.
s s 1 j li: ..mm-u
1. vv c nave iwu nuuuE pfc f si
curities that yield the latter KvW
three the former
C, We recommend all five.
C They are tKe oMitfatioai oiviA
t)..li- c . r ;.. vJik'S:,
traordinarily tfood record. J5
C Can we call on you to give o
or send them by mail:
4
'i
B akct: Ayliifft GA
Land Title Bldg'PhU&cfelgJtl
TI
2096 DIVIDEND
h hen declared by t IS
Barnett Oil & Gas M
to stockholders of record AprU IK.,
iarllciilors oil rs ' 1.4'
Stoek'liethely traded In on l",,1
E. H. CLARKE i
Booklet .'Past. Present Jr "3.
lnufwiiuviiv mss -
Cumuratlve
Preferred
Real Etat Value l1fMW
Earnlns nearly ttveltoM
dividend requirements.
Circular ou requ"- t
Elwell, Naulty ct..
Ktotk Sxfbann p""'
,.r. rn I AWYERS
?P7r. .Kuii3 f 'f3i2SS
n.r 1 1 atTA. i
HMUUDJ.n."'sm
'flfinaj""'"'
1 pennsyivwv
in
f