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EVENING LEDaTIR PHILADELPHIA, FRIDAY, MARCH 31, 1916-
iff
mm
FINANCIAL NEWS
TRADING MOSTLY PROFESSIONAL;
COPPER STOCKS ACCUMULATED
Persons in Close Touch With Selling Agencies Insist
That Price of Metal Will Soon Cross 30 Cents a
Pound Aggressive Selling in Rails
High Points in Today's Financial News
Extra dividends of 2 per cent, declared by Vacuum Oil Company in
addition to regular semiannual of .1 per cent. Talk of establishment of
a reserve by United States Steel Corporation to take care of dividends
in lean periods. Neiu York banks lost $1,01,8,000 on movement of money
during last week. Pittsburgh Steel Company caltcd $850,000 6 per cent,
coupon gold notes for payment on May 1, lOlfi. March bank clearings
in Philadelphia large. Stated in Pittsburgh banking circles that Crucible
Steel's earnings for March are in excess of $2,000,000.
NEW YORK, March 31.
LltJIo attention was paid during the creator part of the day to what in other
times would bo considered Important factors In dlrretinR price movementa on the
Stock Exchange. Tho room traders, however, were made moro chei-rful by tho
Jact that no disquieting development In tho international situation had occurred
over night, ohd most of that clement bought stock in tho early trading.
For a good part of the day nearly all tho transactions on tho door wore of a
professional character, but around noon there was uvldenco of accumulation of
tho copper stocks based on tho expected advance in the Miami dividend and on
further reports referring to tho strong position of that metal. There Is good
authority for tho statement that metal prductlon Is absolutely sold out until tho
end of June, and few of tho large producers now caro to make contracts for tho
third quarter of tho year, even at tho high price of 27 cents a pound.
Some of thoso In close touch with tho selling agencies Insist that the price of
the metal will soon cross 30 cents, and this belief Is making buyers moro urgent
and producers are disposed to refrain from making contracts for far-off delivery.
Thcro was Impressive selling of some of tho railroad stocks, making thoso
Issues extremely weak in tho afternoon. Strong, Pturgls & Co. supplied fiOOO
shares of. New York Central, and thoro was selling by other houses with Important
banking 'connections. Tho samo interests were also sellers of Heading and some
of tho other railroad stocks.
U. S. Steel May Establish Reserve for Dividends in Lean Periods
NEW YOHIv, March 31. There lias been moro or less talk of the possibility
of a rceorvo being sot aside from earnings by tho United States Steel Corporation
, for use In the-dlsbursemcnt of dividends on tho common stock during loan
( periods. This talk has been brought about by the estimates of tho large net earn
ings to be reported by tho corporation during the present year, and thcro has
been a rumor that an understanding lias boon reached by tho Hoard of Directors
on this question. The amount to be sot aside has boon placed in those rumors
' at about J60,000,000, Officials of tho company refuse to comment on tho matter.
New York Banks Lose $1,048,000 on Money Movement
NEW YORK, March 31. The known movements of money for the week
' nded with tho close of business yesterday, Indicate a loss In rash by the local
Institutions of $1,048,000. There was a gain by tho banks from tho interior of
J3.844.000 but a loss to tho Subtrcasury of $2,754,000, leaving a not gain of
$1,090,000, which was offset by a loss to tho Federal reserve banks of $2,138,000.
leaving tho final net loss of $1,048,000, indicated above. Tho Federal Reserve
Bank was a debtor at tho Clearing House to tho extent of $G,43ri,000 and a creditor
In tho total of $8,573,000, leaving a loss by the banks of $2,138,000 In connection
with Federal Reserve Bank transactions. Tho above figures do not tnko into
account the largo withdrawals from tho banks that nro expected to take place
today and tomorrow In connection with April 1 payments. It Is more significant
txj-ause April 1 is a quarterly interest and dividend disbursement date.
I
Vacuum Oil Declares 2 Extra Dividend
NEW YORK. March 31. Tho Vacuum Oil Company has declared tho regular
semiannual dividend of 3 per cent, and an extra dividend of 2 per cent., payablo
May 15 to stock of record May 1. The company reports, for tho year ended De
cember 31, net profits of $0,861,913, against $2,075,044 in 1915. 'an Increase of
$4,786,209.
ACTIVITY ON CURB;
TENDENCY UPWARD
Cuba Cane Sugar Again Prom
inent Vacuum Oil Up on
Statement of Extra
Dividend
NEW YORK, March 31. There was
little or no demand by traders for stocks
at tho opcnlne, while price fluctuations
continued within narrow limits. Before
the. first hour, howe-er, Increased activity
wua. shown in spots with tho tendency up
yrjird. Cuba Cane Sugar again became promi
nent and on good Inside buying moved up
nearly two points, but later, on realizing,
reacted . Kathodlon Bronze was
stronger and at one tlmo showed a net
gain of 1. Aetna Explosives developed
heaviness on small offerings. Mldvule
Steel was extremely quiet with narrow
price changes. Submarine Boat was
quoted ex -dividend and eased oft ',. later
recovering. Tobacco Products after a
show of firmness reacted.
Oil stocks were in fair demand. Vacuum
Oil, on the publication of the statement
of' an extra dividend, moved up about
eight points, Ohio Oil was active at a
receBSlon of three points. The lower
priced shares were comparatively quiet.
Mining stocks were generally Jinn;
Magma, after a decline of M. moved up
1U. United Verde Extension Improved a4.
Bonds were quiet and about unchanged.
INDUSTRIALS.
urn.
Aetna Explosives j'a!i
Am British Mfr 2"
I AH Quit & W I-S S i'OH
do pref - l ,
Am Jlarconl SH
AJax Ilubber Inowl 89a
Canadian Car 4 Fdy 3
do pref .,,..,..... g-
Chsvrolet Motorcar1. . . 107
Cuban Cane Husar W
Curtis Aeroplane 4
Drlges-Seabury 13i;
Emerson jnonograpn ia
Haskell Barker Car
Hendee Mftf
.Inter Sler Marine .,,
do pref
Kathodlon Dronza pref
Lynn Phono -
Manhattan Tranelt
Maxim Munition , . . . .
Otla Klevator
Otto Eleenloltr w I,
do prof .....,,,,
Peerless Motor
Poole Enr It Mach
St. Joseph Lead
8 a Kreege w I
&tunUnl Motors
. Submarine Uoat y t c CtfJ.
Trlanvla Film v t etfe
, VoJted Profit Sharing
v-hJlU LI0' Heat
"i do pid
Pro White Motor w I ,
.World Film ...,.,
. in
. 1HM
. TO
: 1
. s:i
. OS
. 2.1 H
.110..
iS'
: 5u
: S
: &
. 1U
STANDARD OIL SUBSIDIARIES.
Prairie, Pipe 22"
lUlnota IT-'
Ohio OH 22?
8 O of California -$!
S O of New Jersey 50s
a O of Net York ,.. SOU
Asked.
23
2S
31
- TO 14
BK
811
IBS
tlH'i
SI)
142
15H
44
lTi
75
25
ss
120
i
k
oil
43
Hi
OTHER OIL STOCKS.
Harnett OH
Coaden Oil . .
Chalmers) Oil
Houston uu
Midwest lleiinlng-
Inter Pet
flapulp
,,...,.
,22
a
1H
64
12
13
MININO STOCKS.
AtUnfa
Cerro de Pasco .. .
Jlutte C Z v t ctf
Butte N Y
Plrat National Copper ....
Goldoeld Mertcer
HcU Mlnlns
Hoiire Bound
Jlra ButUr
Jumbo Extension
Uunu Oopper
McICUUey-Darrana
Mlooa of America
Mf-lasloK Mine Co
a rPnV
Vfeat Bn4 Consolidated . . .
21ns
BONDS.
sco de Paaco 6s
4. omo a
steel oa
ea
... 13
... 3S
... 8?4
... 3
::; ,?
..: 4
' u
...93
... 74
::: IS
::: ?
IT
ue
223
178
229
2S4
B15
20!
3H
V05i
17
05
12
13
14
38 U
U
3H
8
13
86
76
19
48
3
ll
73
13&
.118 e)118
S?H
GOVERNMENT BONDS
9 wAlstar-Cal IdArt . . . .
Mutca&a ittati 13'
rM:- m m
T ",'iS".l.5,'lfcij-TT tlflf
MIT.:::::. ::
BM, Asked
New York Bond Sales
t I00O Alnska Cold r c t pd.ltc
now) Am D K i Imp Is.. s7t,
Jlfiliioo Anulo-Kr 5s n.-,-j
MU Amer Tel ell 4s .. 111 ,
1000 Amir Tel cvt 4'iB.KIH',
2IMW Amtr Writ Pap 4s.. 73 U
BiHiO Armour Co 4'.4s ... U44
l.'enu Atchison aen 4s .. U
looo Atchlion 5n u,it
i,".!L". "M!1"1 c." r'lno lt 1 2i
mini Allan Co Line t-lt 4h Hi
I luno Halt & Ohio ,1Va -r
innmi Halt & Ohio 2 . 1 i
i-!!!!!! S"!1 & 0h' . uij
1 Ha It Hi Oh rv 4is iiii
V'OO Heth Sim. 1,1" 1P14U
1000 Hrookn L'n Kl l! K
1 ry.ok.1 " '" SH.in.ii,
-unit) u (" c iien Ha :m;
I"00 Cal Oas nice ', ?S
iiHiii Canaila South 5s una.
"""' fnt If-athSr lit n. 1
5000 Cent Pac 1st Is ll'ltl
jimmi Lhlll (!oiiper 7s I'll
3000 Chi lit West Is . 7-"aS
Mion Chi & Nwn :i, W
j U -V, &. "J 'Bn 44.lo:i
40IHI C M & St P ev 5s lllil'l
1000 C M fc St p fd I 1'
looo Chi Itwy 5a .... " iu
,500 Chinese' rets V, " 7-1
Iiiimi ciev Sh Line 4ii 1111
ooo do 4lja kiu
40U0 Cons tlM cv ils'.il-'i'
7.... --" ... r -is
i.MM.ii no era 5s
iMilHI lllJt j,f-Qr
"mi Nrie Ben
1000 Krle conv
50110 !Ia ,..nM ia
:i750o .In .... 11 ... 1 t
12000 Cen fclec deb 5s
2000 do 3is ....
B000 III Steel deli 43i
20110 HI Cent 4s 10.13 .
2000 Inter Met 4Hs .
13000 Inter It T ref r.i
23000 Int Mer M it 4U; iiii
1000 Inter Paper 5s .... vu
10000 Japanese 4Hs ... 811
21..00 Jap new O s I'ns . 7s
10000 Jap new 4Hs .... A.H,
2000 It C Ft S 4 M -Is .. 75 J
2000 Klmt C E L (Is 10U7.117i
1100 Lack Stl 5a 10.10 .. Dl'i
1000 1. H deb 4a 103S .... H.lil
4000 do 11)31 ul
1000 Lorlllard Ss lul
1000 I. & u Een 5a . lliu
400(1 l-)Ua & .v11Ilh 43 .. i)4l
Mioo Mo Kan & T 1st 4s 7"t
loooo Mo Kan T 2.1 U. 41?,
looo Mo K & Okla 5s 7. 6fV
lioiH) MorrU & Co 4 4 .. 1(24
jooo Mo Pac cv Sa .' : 41
.'.mm Nat Tube 5a tiiiiti
2000 N V t; L S 3U- .tiiiI
Low. Close.
101 i lni4
S7'
11.1 H
Ji',i
10S',
75 4
J4U
HI
101 "i
!I2,
Ml
03
loo1;
in1;
!ll!4
ss
mm
101
WiK
7Ni
lilt
10l,
1 'a
1 cv lis ..132'j
o(lr 4s ... 7i
3s r.TI
' Corp 5s. . 7L"
4s 7.1s,
Is Ser A4 701
la u 1 '
K.I U.
. 83 ;
. in
. 00
. 72 i
. l)U?
h'
113
HIS
lllS'i
7.1 "4
01',
HI
101 i
it".
Ml
113
lllll
!"'t
Illl'i
bh
111 1 H
mi',
urns
7S4
Oil
In IS'.
inn. uu
liii'i mi';
1I74 117"!
131 131
02, IIS
72 ' 72 i
M"i KIU
HNji US',
1U2J4 W2V,
I0(!r, 10US4
HI lit
'' i9
KM
til4
B
-
7.1,
70S
10IS
63?,
Ill
III)
72 U
ll!li
llHi,
till
Ml
77H
HI
75 ?i
rit
mi
01
iMJ
Ml?
0.1 2
3?u
01
011
72 Ji
OOi
OS'i
110
SH
77
,?5J
1 j 74 1 .1 -
U7'l 117H
ft'iai niiT
01 i
OIV3
101
1127,
Ul
72 H
4 Hi
55
02
Jl
2tJ 82
11.. ulL' J.7,
..UK 'I73B. U3
ft1!!!! Ji X c 3
uwuif 4 1 u as iiuu
'I'MHI J U it
7.MUI KT V i.
-- i-i a rill tin . I 1 :
4000 N Y City I'.a -HO lOjC
loooo N Y C 4liB Nov -HAinG
1UIIO N y Ont St. V 1st 4a hlii
inooo-N V i?w idj n .: i,3lj
2000 Norf & West 4s . " 1134
2!! liS Rac Vor ".... 03??
03 't
11 1 H
101
5.1
02 i
Illl'i 101H
TO '4 70
1. b-U
m
82 U
02
0I4
113
114,
11374 llSJi
102H 10-.'4
113 i
1011C
102 V.
.105H
Ul
04 Ji
00 U
MI
107 K
83 'I
JI2
Oil
04
03
04
80 jj
If
107
Hi
0354
03
U4
03 it
!
r 1 1st 4s Ul
Ha loij
l I, adj 3a Mi,
5a loot)
cv 4s 87 J,
Hllllll Itn, 11... K-
5000 Ore Short I. ref 4s.
looo Ore & W & N 4s
40011 Paclflc Tel Be. . ;
1000 Penna gen et lUg.
23000 pnna en 4 Via....
10IXJ Pub Serv N J 5s..
6000 Headlns sen 4s
100(1 Hep Ir & s 3s
300(1 Hock Island J a
1 ,11,1,11 llA.k ..,....., ... ... ...T.i
i'400i) Hock Island lnj
1000 Kt I. I M 4 H Olf 4s 72
200O St L & S P cen 3s.li2.
""" oau J at ir 1 111 il Ul
hum niana uas
2000(1 Seaboard A
lniui u.,iiiK iiaii
luuou ooutn pao cv 4s 875,
1(100 do cv ret f p Ss.lOlVa
1000 South Pac rfd s.": 0O?J
1100(1 Sth Ily an 4s 71
300(1 Hth Hy con 3a 102 H
I kllAil Tan.. C. I. I- 1-. K. ..
IfY" """ v . II a H . HI
1300(1 Third Av ad Ba .
SOUO Toklo Sa
Soon V B Oov 3a o....
3000 U S Realty Ba
90GU V S Steel Be at . . .
BAOU Un Pac 1st 4a . , .
4900 Un Pac cv 4a
3001 t'n Pax rfd 4s fill
1060 Va Brown H . . UO
1000 Va Car Cnm 1st Be . 09
1900 Va Hy Sa ith
1000 Wubaeh 1st Sa ,...101
1000 West Colon Sa 101
KAILROAD EARNINGS
CBNTRAL RAILROAD OP NBW JERSEY.
84
7U
.102
. 71tJ
.104M
. 97
03 Vi
10(lS looj,
102't 102
I 103 U 15 Vi
(11 1,1
04 K 04
00 U vu'l
86 86
$&
l"' g
70S 70 a
102 Vj 102 Va
II SI
77H 77
102 102
71 71
101 Vi KH
n7ii 11T S
T.-iJ '
OOVi uo
i"i7s uun
9Vi OSVl
101 104
101 ;oi
ipia,
Peliruary erosa li.940.G2u'
Net 1.145. 788
ftiabt muotbs' cresa... 24.093,316
Net 10.Q73.4lS
CANADIAN NORTHERN.
PeirtUry -ffroaa fi.UkU.ii
75it 129.4'
Blade months' arsca. . 19.238.0'
Net 3.271.900
Decrea&e.
Increase.
aoi.St2
521.300
2.91U.2U3
1.371.074
1187.000
Low Prices for Connellsville Coke
PITTSBUItGII. March I. -The Con
ueliaviUa eoke roarkst rflata weakness,
wlto jt fuinaco cek aalvit at as low as
1 3 at the avena. H porta unsxe beard thai
eves tlila prlco can be shaded.
New York Stock Sales
Laat close. High. Low. Close.
Adams Expross U2H 14 144H U4 i
Alaska oold M...... OH OJs OH OH
ftM Minos.,.. lOJi 19H Jgg SW
fty-" f2 T nn
Am ..cct SufaJ-pf.-.::'. &H WM MW .
Am "rak0 s F 100M 100 100 "f
Am Can., r,n 01U 6UH ''';
Am coal i.ro(ilIctJ ,5njJ 1C0 100 100
Am Cotton oil MH 5t 61 .i
Am Impress 120 120 120 2
Am Jro Sccurltlos 28W 28) s 28 2
Am Llnsccd m 21 23H 24
Am IJnswd pf 45'I 4.',H 45 '.
Am Locomollva 77H "OW 78H '
Am Locomotlvo pf....l0.1!i lOH'i 103H lwvi
Am Malt cotpn SM 8 8
Am Smelt & Itcf 100 101H 100H 100'.
Am Smelt llcfpf... 113 113 112t 11.1
Am Smelt pf A mi OUH OH '
Am Smelt pf 1) SO 8.J 8" ',.
Am Snuff pf H)7!( 10SH 10W 10SH
Am Stoi-I Foundries... MM 1 Mj '- J
Am Sugar Kef 100M 1091a 109H 10(14
Am Sucar Hot pf n0!( 1ISM HW' ,5ij
Am Tel & Tel 130M 128H 12V
Am Tobacco ipnM 107M 107M )'
Am Tobacco pf new... 100). 100 100 100
Am Woolen fiOH tMi ) ',
Am Woolen pf 100M 00!J 00'f "
Am Wrltlnc P pf 10M 10M W 1"
AinZlncLASm S71!- SSH 87 8SM
Anaeonda Cop M MiM 8"5 "! 89
Assoented Oil 00 00 00 00
Atch Ton X. s v tin in:m 102M 10.'i
WHEAT ERRATIC
THROUGHOUT DAY
.urn nop a 3 k pf...ioo' loon mil f':
llald Loco Works HI3 10.V. 101 i WH
Halt & Ohio 87M 87'f Mi Wl?
Halt & Ohio pf 70' i 70! i "01 ','
llalopllas illnlni? 2U 2M 2h 2?i
IlelhWiem Slci'l .1.1.-, 401
Itrookl.vn Union (la.. HUH 120
hum. & Superior sn?f W)H
Cal I'elrolcum ZiH 2I1M
Cal Petroleum pf M ( MM
Canadian Pacltlc 100M 107
Central Leather Kl( t&'i
Central leather pf....llOM 110
Chee .V Ohio OIH 01(
Chllo Copper 21H 22M
Chlno Copper M'i i"M
Chicaco Ot West pf... 37M 37)4
Chi Mil ,t.St 1' iM I13M
Chi .1 Xnrthv.estern. . .12."i 120
Chi .1 Northwest pf. . .171 170
Chi It I & l'.ic 104 17
Col Kuel & Iron l.'IM 4."
Continental Can pf.
Consolidated (ias...
Continental Ins ftS
Corn Products Itef.... 20.M
Crucible Steel SSM
Cuban-Am Sugar 237
Herri" .t Co pf 04)4
r,l 401
129 12'.)
U.)H 00M
23M 234
MM filM
10(14 107
KIM 53)
110
01M
214
fl-IJs
37
1)2)4
120
170
17
43'i
110
01H
224
OflM
374
03
120
170
17
44K
SJ
... 17M
...133,4 132
...101M IO.-1
ii.i
204
03
214
or,
03,
10
I
00M
30M
S2.M
44 ti
174
10
JAM
... 01
... 30.M
... MM
... 454
... 20
... 40
...3214 340
...100 107M
...ll.i 110J4
... 75) 4 70
114,M 113
SSM 00M
48), 41)4
121H 1214
13 134
2I)'
Denver & ltlo Or
Den & lllo (ir pf.
Detroit Edison...
Diamond Match..
Dl.stll Sec Corpn..
i:ic Storage Bat.
Krh
Krle 1st Pf
Krlo 2d pf
IVd Mln .1 Sin...
l'cd Mln ,t Sm pf.
fien Chemical
(ieneial Electric...
General Motors pf.
(ioodrlch II V
Goodrich I) F pf
Granby Consol
Greene-Cananea
Great Northern pf. ...
G N r for ore prop.
Guggenheim Kiplnt... 20M
Illinois Cent 1034 103
Int Agricultural pf. ... MM "8
Int Harv N .1 110)4 110)4
Int Harv Corpn 73 i3
Int Con Cor vtc sh.. 17 10M
Int Con Corpn pf 724 72M
Insp Con Cop 474 -18
Int Nickel v t cfs 10 17M
Int M M cof dp 17 17
Int M M pf c of dp.-. r,9 704
Jewel Tea SIM KtH
JeuelTc. pf 110M 111)
Kan City Southern.... 25M 2.VX
Kayser J & Co SOM STi
Kelly Spring Tiro "4)4 "0
Kennecott Copper 574 ."S4
Kings Co E L & P....129M 130
Ijcl: Steel Co 70M 77M
Leo Itubbur Tire M! ft!) 5
Lorlllard 1' Co 100 1 SO
Mackay Cos 70 70
Mack-ay Cos pf OS fisM
Maxwell Motors 70M 714
Max Motors 1st pf.... MM S.5M
Max Motors 2d pf.... f3M .'i.r
Mexican Petroleum. ...107H 10S)i
Minn & St Louis pf... IS 1S4
Mo Kan & Texas 34 3M
Mo Kan & Tex pf 10M 104
Missouri I'aeiric 4.7-, ."1
Mo Pacific tr cfs 4M 4M
Miami Copper 374 384
National HUctilt 12'4 122)4
Nat Enam ,c S Co.... 21M 214
Nat Lead Co 004 07
Nev Con Cop 174 174
Ne- York Air Ilraku-.MVj 143
N Y N II & II 0.-1 0,i
N Y C A: H H 103 HISH
N Y C : St I. 2d pf. . 58 504
11IIU HI'IM 10!)M 109)i
13 IM 13 IM 1344 13JM
fi.'i no
20)1 204
88), 1)2)(
210 243M
03 05
1) 0)4
1S4 20
131 131
105 105
ACH 47M
g;im COM
HOM 304
514 514
414 44)4
15 174
3031 40
320 3 10
mo 107J4
110,4 1104
75 70
115 lift
80)4 90M
4S 41)
121 121
434 43.4
20M 20,M
1024 10.3
58 5S
110)4 110)4
73
10)4
'3
104
724
47M
40
104
084
SIM
110
25M
85
75
57
120)4
704
514
ISO
70
084
704
S5
53M
1074
1S4
3M
10M
5
I?.'
374
122) i
214
07
17M
142
03
47M
47
17
OOM
S3M
111)
25M
85
75','
584
130
70M
51M
ISO
70
0S4
71
85
55
1084
18.4
3M
10M
5
4M
38)4'
1224
244
07
174
112
034
Norfolk ,V Western.
Norfolk- & West pf . . .
North American
Northern Pacific
Ontario Silver Mln...
Pennsylvania R It....
IVoyles Gas Chi
Philadelphia Co
Pitts Coal CoN J...
1'ressi-d Steel Car Co.
103M 103TS
501$ 50),
120U 120.M 120M 120M
87
. OS
.113
. 8M
50)4
SO
084
SS4 89
OSVS 084
113)4 1124 1124
SM 84 84
,104 50)4 504
.10IM 101M 104M 10IM
Pullman Co. .
42)4
2GH
52J4
434
27
52)4
Hy Steel Sp Co
itay con copper
Heading
Hepubllc Iron & S. ..
Hcpublic I &S pf....
Itock bland
Itumely M P' cfs dp.
St Louis &S F
St L i S F 1st pf. ...
8t L &. S F2d pf
Seaboard A Line pf. ..
Sears Hoe & Co
Shat Ariz Cop
South Porto It Sug...
South P It Sug pf. ...
Southern I'acUlc
Southern Hy
Studebaker Co
Tenn Copper
Texas Co ,
Texas Co rights
Texas Pacific
Third Avenue
Union Hag & Paper. .
Union Hag &P pf. ...
United Cigar Stores. .
....101)4 101
39)4
2354
8-14
50
39M
214
85M
SOM
43
2014
62
101
39M
23,M
84
COX
43
27
52
Kll
39M
24
844
50),
10SH 105)4 10S)4 10SH
)4
. 24
. 3
. 54
. 3M
. 35)4
.170
. 30M 30M
.1044 205
.1134 113
07 9754
204 20M
H
!4
3
G
4
35M
a
M
24
0
34
354
175)4 175)4
335 i
193
112
004
20).
5i
24
2)4
0
3)4
354
1754
3G
203
112
074
20H
.13954 141M 138U 141M
53
.100
. Ill)'
. 7M
. 01
. 74
. 20)4
04
534
182M
17
7)4
Gl)4
7
31,4
05
5.1)4
100
10)4
74
01
7
31)4
05
534
1024
17
74
61
7
314
1)5
United Cigar Stores pf 119)4 1104 119)4 110);
United Cigar Mfrs
Union Pacific...
Union Paclflo pf,
United Fruit....
U S Ind Alcohol
U Bind Alcohol pf.... 105
OH4' 014 fil)4 UUi
131M 132)4 1314 132)4
. 82)4 824 82M S2M
.1444 147)4 144M 14 GM
4U.-JI an m.-j loon
OSOIPiP.
U 8 Hubber
U H Steel Corpn
U S Steel Corpn pf...
U SSm It i)l
Utah Copper
Utah Securities
Va-Caro Chem
Va Iron Coal & O. ..
Wabash
Wabash pf A
Wabash pi II
West E4 M
Wost Union Tel
Willys O pf s r f p. .
WooUorth F W
104
21)4 21H
SOU 51U
834 S-tli
lOt 101
214 214
51M 5IM
S354 844
116)4 110M 1164 1104
67M
. 81M
. 17H
. 41
. 53
. 14M
. 45)'
. 27M
..65)4
. 00J4
.103
.100
'Quoted ex dividend.
csu
82)4
174
44)4
51
14M
464
2S
Gt!4
914
103
122)4
GS
8154
174
43)4
51
144
45
27)4
6414
01)f
103
12
GSM
82)4
17)i
44
51
14M
40
27M
044
91M
103
122
NEW YORK COFFEE MARKET
opanail ijulat this moraine and unchangtU ti
3 points lawar. wltn sales or only -jso baas
on th spanlnz call.
'Today'a Tatrdaya
March ...
ABriT....
MaV
JUM
July .....
Aueuat
SaeMmber
Octeii-tT ..
Novamijsr
Haauntxr
January .
a
,8.1
olns
close.
! s.iovs.n
1 s'.ii
'. 8.85
'. .'o6e8.55
8. 12f.H
S.S09H.2-J
6.24 08.26
8.-"J$8.3J
8.330$ 3J
8.155.41
8.49$$ r.O
8.548.1W
8. 53 8. (JO
BANK CLEARINGS
Bank elaarlBja today compared with corre
sponding day last two ytara:
1818. 1915. iai4
KW Tllt..3J,213.6S4 UaUday iuMZln
Market Closes Lower Accu
mulation of Overnight Orders
on Reports of Crop Damage
Sales in Philadelphia
DRAIN III3I.T WKATIIKR lORKCAST.
ClllrAOO, Mnreh 31. The weather
foreent for SO hours !!
Illinois nnil Jllxonrl, rain tonlsht.
pnrlly rlondr Sntnrdni-, moderate temper
In res.
WIeonln, unclllfil tonlsht. cooler Snt
nriloy, pnrll.r cloud.r.
Minnesota, North nnd Sniilh Dntiota nnit
Netirnskn. arnernlly fair tonight nnit Sut
tirilay, lown. partly cloudy tonlaht nnil Sntiir
ilay. cooler.
Kansas, partly rloiidy tonight, cooler.
Southeast, fair nnit warmer Saturday,
CIIICAOO, JInrch 31. Wheat 'moved
errntlenlly today, closlnpr lower. Iteportn
of ilnmape to tho crop resulted In nn no
cumulation of overnight orders to buy.
nnd the market showed firmness In tho In
Hint trading, under tho lend of new crop
options. Knelness nt Liverpool, with con
tinued liberal receipts In tlio northwest,
Induced fairly Important sclllnK', wlilch
checked the rise.
The announcement of tho Clermnn suc
cess at Mnlancourt, reports that Turkey
was to desert the Central Umpires nml
rumors that contracts had been made to
ship wheat throURh the Dardanelles ex
tensively through May unit .Tunc, also had
an effect. Huylnu orders for tion-iriifcs-slonal
account were easily taken earn nf.
Tho weather In tho northwest was mild
er nnd there was scattered molsturo In
the winter whent belt. Some traders were
Inclined to believe thnt thn statements
of extensive Injury to the winter plant had
been exaggerated.
The Modern Sillier said thnt rain In
tho Southwest and Middle West was dis
closing the weakness of tho stand of the
plant: that poor seed nnrt soil conditions
last fall had Invited winter killing and
that there was no possibility of duplicat
ing the yield of the last two years, l'ros-
peciH in Kansas nnil .NcliriiHlcii wore a
good avorng", It was said.
Shipments from Argentina for the week
were light because of lack of lonnago.
I2xKirtN of wheat ana Hour from tho
United States for the week were 8,383,8(1 1
bushels, against in, 110,252 bushels a year
ngo; for the season they amount to 32(5,
32D.380 bushels, compared with 310,
844,038 bushels last year.
I.inillnir futures mimed ns fololws:
. itlch.
3 Am Das . ..li!U
18 Am Milling .. 3.1 Ji
IB Am Hwys rM.I'!i
10 Am fmcll ..tOOH
38 uurr S T C. I4,i
2 do pf.l I0.
100 H ft Ohio .... 8(1 ti
10 drill J I) iifil.. UU
tfS Cnm Iron ... 4r
HO Cam Steel . . 81 H
20 Cruel -steel . . Ill
ins uiee storage, ivj
ii inn un
r20 Kcnno
Hi l.rliloh
'l !.lilcrh Vnl 77
mil) I,oh Val Trail 2J4
inn Miami Coriwr. .'IHU
Will Novmla Cons. 17
207 Northern (Vnt hS.
r.32 I'rnna 11 It. . . .504
n 'l'n .Salt .MfK.lllt
3no l'n. Sleel pfd. h
so I'hlla Co .... 43.
Ill .Mo cum lifd I2'4
r.-m Phlla Illcctrlc 275
r..i.-. i it T ir rir in
.I'd
i N Am. 2,1 ti
Cop. . . 5Hjf
i Nav.. 7ft 4
'4
luno Ilav Cons
loo Iti-aitlna s."
7311 Ton Hoi
0 Ton Mln
211 Union Trap ..II
217 II ( 1 811.
4110 U S Stril .... 8154
3 ilo Pfd ....11114
lou tTlnli Copper.. 82
5 Westmrlnd CI. 117
I! dlvlilenil.
, tto.s-ns.
.".onii A O.ia A R Tm l)3',4
limn ll.il I, lat r.s.10,-,
1 Kim j'hoe fern 4s. . Illl'i
limn 111 ft 1' Tr 4r 82
mum l.ch V sen In n.ljl
iiiimi l, v Tr rcf r.n 112U
Union l'n C en Pin. I a.
iiiimi l'n & Mil S lis. 107
lliiin Phil C con r.s. Ii.i
Iiiimi do 1st ftn .Ml
1 n.-ioil l'hll llloo 4s si 1,
2110 do -r.s 1 Ii.i J4
r.iiiiii llrad en 4t .. 114
lliiin Hi-nd-.lr 1: 4n 1)1114
270(10 St (las lla ...I0P4
lniiu tin lis- t c Is 7ft
8(1(10 Un Hy In fts 71 '4
2111111 Wol.s Co fts . . lis 'a
3IHI0 York lty 1st r.s lift '4
4 Increase, Decrense.
I.OW.
120
,iS
lOOH
43 1
00
SA'
pjU
4ft
oi
SHh
r7
Tft.,
??$
rss
mi
IIS
Is
1R4
5lH
(I u
43
ssji
S3
1 1 li
82
117
C,'2T'
h
100 Ji
434
811 tt
till
h
014
w
174
ft(l,4
1111
lis
h
"'&
11 H
8J.
1104
82
117
D3'4
10ft-
11114
HI'
03 t
112 ' 4
tllftti
1117,
Ii.i '4
S3.
103)4
lilU
.o'r
iU
lis 4
lift '.4
03 1,4
lliftN
nil i
82
113 U
02 .4
lo.-.ti
1117
03 4
101 4
83
103.4
Oltk
101(4
71W
ns4
DftH
Net
Chg.
',1
'i"
i
'K
it
'j.
ly
1',S
',4
t'ii
i'ii
J4
V,
'i
Local Bid and Asked
Wheal Yea'rtny'a
Open. IIlKll. I.nw. Clope. oto.le.
May.. t.lft'A I.I.1H 1.13'j 1. 1.14 1.14"!
July.. 1.1.1-s 1.13 l.llt, I.12U 1.12'i
Sept.. 1.1 1 I.IHi 1.10 l.uii, l.io?
Corn (new ilellvery)
Mny.. 74,4 714 7I'4 '71-S 74S
July.. 7ft, 7.-.; 7.m t7ftH t7ft'i
Sept.. 73 "ft'.i 7IT, 7."i's 71,
Oats
May.. 4t. -is .11 14 4i;i ir.
July.. 42 13'', 12, ML'. 43'i
Sept.. Kill Id's 4(l',4 tlilli lil4
I.ard
May.. .11. 32 11.32 11.1ft 11.1.-. til. 37
July.. .11. ."7 11.110 11.111 11.111 tn.i!2
.ept...ll.!iO 11.8(1 lt.ilS 11.112 11. S2
nibs
May.. .11. 02 11.02 11.8? "11. till 11,n,-
July.. .12.07 12.07 12.112 '12.0ft 'ILMII
I'ork
May... 22.80 22. S2 22.72 22.72 t22.02
July. ..22.ftft 22.7(1 22.11(1 22.110 22.7U
Hid. tAsltcd.
NEW YORK BUTTER AND EGGS
NKtV YOIIK. .March 31. HfTTIIlt Market
trade fairly active and prices hlsrher anil linn
IterelptH. III1S I packages. Hxtrii erejinierv.
3734 DI3Se. : hlcher scnrlllB. RS4 lfl.1!lc. ; Stnto
dairy. 37ti38r. ; Imitation creamery. 2S1r2Uc.
K(i(S .Market, fancy lnre ecaa firm, hut
poorer snrls easier, with only llirtit inuveinent
Ftotace. Hecelpts, 23.218 cases; extra firsts,
2laii22e. ; llrsts. 20 s, 61 21 14c. ; white pkbh,
2lf4 '" 2ftc. : liruwn esss. 23 1i 21c.; mixed color,
2 Hi L'2'iic.
LIVE STOCK QUOTATION'S
CHICAC.O. March 31. 1IOOS H'celpls. IS.
fioo. .Market loo. Iner. Mixed an I butchers.
l!iilrn.2ft: Kood heavy. to.3ufi li. Ill; ranch
heavy, JOS70.3II; Main Sfi.luftu. In, plb S7.7U
8.ilO; bulk. Sli.2nif!i.3ft.
CATTl.i: ItiT.lpls, luno. Market sleadv
Ileeves. 3. sft 1f 8.7ft: eowa and heifers. Jll'ftiti1
O.IMI; stiicltiTS and feeders. $7. Iftli 8.1111:
Tri.ins. JS.ftO'iHi.ftO; rait is KITi 0.2ft.
SIIEKI Itei-elpls liiliin. Market tveols. Na
tive and Western, JUtiU.2ft: lambs, tti'ill.iin
llalwln
HulT k Sus to ....
. iln pref
Ilrlll ,1 O
liter Stnrapo
(len Asphalt
do pref
Key Ti Id
do t e
do pref
Lake Sup Corp . . .
Lehigh Nav
l.niilun val
Lehluh Vnl Trail..
do pref
I'enna
I'hlla Hleo
I'lillii Co
do ft per cent, pre
io (1 per cent, pr,
I'hlla Itnpld Trail t
Headlnir
Tminpuh llelmont . .
Tonnpah .MlnlnK . .
ITnlon Traction . . .
V I) I
17 S Sleel
York ltwya
York Hwys pfd . . .
Win Cramp t r ... .
Ilx-dlvldend.
Today
fill!. Asked.
..loft. UI.V.4
. . la1?
. . .Vi u
i- tl
. 01 '4
. . 311
.. 71.
Yesterday
111,1. Asked.
il
HO 14
13
02 '.4
37
.. 13'i ll'i
.. I.'l(2 11U
. . H'.l 711
.. Hi'j HIJ4
, . . 7ft ' 4 7ft Vi
.. -III4 77
.. 221 23
.. 13 4314
... r.u .4 304
. . 27 d 27
.. 42 J. 13 'i
f. 38 311
f. 42ii I3Vj
( 18'i 10
.. 81 4 8 l?i
.. I'M l,
.. I3i l.1T.
..ss', ,ss',
.. MP, Sl,
.. III. 11
.. 3il',5 311 H
.. Ml 82
II
Ml 4
II
01 14
.Hi
71 4
1 1
1IU
110
loi'i
7.M4
22 yi
I3,
r:2f
2 1 ''a
12 y,
41
1".
01,
43i
80
83 i
10.
31114
80
III
r.ll'i
S..
112 '
37
72 JA
114
III
70
in'4-
22 i
13 '4
43
30
llli
111',
IT'"
811 Ji
83 '4
11
Financial Briefs
A special meeting or Atlns Powder Com
pany stockholders has been called for
April IS, nt Wilmington, Del., to ntlthorlzo
nn Increase In tho capital stock. It Is pro
posed to Increase the authorized G per
cent, cumulative preferred s'.ock from $B,.
GOO.nOO to J10.000.000 and the common
stock from $5,000,000 to 10,000,000.
Tonopah Extension Mining Company
February net earnings were $58,145
against $50,37(5 In January.
Thomas I'-ir. lias been elected vlco
president ' J'clham Trust Company
to (ill n v;i, caused by tho death of
K. J. Kernel..
Tho Hoard of Jteprcsontativcs of tho
Xotv York Curb Market Association has
listed and admitted to quotation 200,000
capital shares of th6 Consolidated Ord,
nanco Company, par valuo $25. Tho Se
curity, Transfer and ltegistrar Company
Is the transfer agent and tho Metropolitan
Trust Company the registrar.
It Is stated In Pittsburgh banking cir
cles that tho net enrnlngs of the Cruclblo
.Steel Company for March nre In excess
of $2,000,000, a now- high record.
PHILADELPHIA MARKETS
GRAIN AND FLOUR
Wl 1 15AT Receipts. Iftl.lsS bush. The mar
ket ruled steady with a fair Inquiry and mod
eralo olferhiKs. ijuuinttons: Car tuts. In ex
port elevator No. 2 red, spot and March.
II. Hid 1.22; Nn. 2 Southern red. S1.17M.2(i;
steamer Nu. 2 red. J1.1UW1.1H: No. 3 red.
SI. WO 1. U: rejected A, 1.13',4 1.1014; re
jected II. 31. 12101. lft.
COHN IterelptH, ll,7ftS bushels. Demand
was fair and prices ruled steady. Quotations;
Car lots for local trade, as in location No.
2 yellow. 7011 (ti 80c. ; steamer veltow, 77I-a1l'
78i4c: No. 3 yellow. 74'4 f75 '4e. : No. 4
yellow. 72,35,73'4c. ; cob, per 70 lbs.. "Uc.
OATH KetwIptH, 10.7(18 bushels. The market
ruled llrm under moderate olferlnss und a futr
demand. (Juotutluns: No. 2 white. ftKfftmc;
standard white, 41l'4 'U .lo'ac. ; No. 3 while.
48i3Ca4!i'ie.; No. I white. 11114 H 17sc; san
ide oats. 43Jllc.; purllled uats, t;ruded. 43I2
ur.uc.
FLOUR Hecelnts. 1310 bbls. and 1, 137.13ft
lbs. In sacks. Trade was uulet. hut mill
llmltB were steadily held. Quotutluns. per mil
lbs. In wood: Winter, tlear, Jftnf.-i.2ft: do.,
stralBht. tri.-.'.IAn.nui do., patent. Sft. liiisf 5.8ft:
Kansas, clear, cotton hacks. Sl.70('( I. till: do.,
btralght, cotton sacks. Sft.2ort5.4u; do., patent,
cotton sacks. $5.4ilwft.llli: spring, first clear.
.-..lft(,i.-i.4U; do., straleht. Sft.tofi ft.ll.; do.,
patent. lft.70?j(J; do., favnrltu brands, til 13'"'
O.ilft; city mills, choice and fancy patent. Id. 1ft
Mil. Oft: do., regular erodes, winter, clear, S3W
3.2.",; do., do., straight, S5.25(a 5.50: do,, do,,
patent, Sft.OOftft.Sr,.
HYK 1'LOUH sold slowly nt former rates.
We quote ut .'.' .",..10 iwr bbl.. as to ouallty.
PROVISIONS
Tho market ruled firm, with a fair Jobblnir
demand Quotations: City beef, In si ts, smoked
and atr-drled, 2ft(f 2Ue ; Western ), .-r. In seta,
smoked. iftW.'Oc. . city beef, knuiMis and ten
ders, smoked and alr-drled. S?f28i.. Western
beef, knuckles and lenders, smoked. 27W28e. :
beef hums, 128030, pork, familv S2:i..',utJ2iI;
hams. H. . cured, loose. 1714 lHc; do.,
skinned, loose. 17Hft!Hc; do. du., smoked.
1H1410c. other hams, smoked, city cured,
us to brand and average, 17'.4 "felsc. ;Shums,
smoked, Western cured, 17a('18c. : do.,
boiled, boneless 30c ; plcnh,' shoulders. H. P.
cured, loose, 12'4c.; do., smoked, l.Ti (D1314c;
bellies. In pickle, according to average, loose,
1414150.; breakfast bacon, us to brand und
average. rty cured, 17 18c. : do. Wostern
cured, 17&180. ; lard. Western rettn'id. tierces.
12 Vac. ; do., do., tubs, 1214c: do., pure city,
kettle, rendered. In tierces, 12hc; do., do..
In tubs, 12Hc.
REFINED SUGARS
The market wus quiet but steady. We quote:
Extra tine granululsd. 7c. ; powdered. 7.1Uu. ;
lonfectlonora' A. O.liOc; soft grudes. 11.20 W
BMC' DAIRY PRODUCTS
CHEESE The market ruled firm with a fair
demand and light offerings. Quotations: New
York, full cream, fancy. I8pllle ; do., do.,
fair to good. held. 1818ijg.; do. do., part
skims, lieilic.
II UTTEit Demand was fair and the market
ruled nrm under light offerings. Quotations.
Western, frwm, solid-packed, creamery, fancy,
specials. 40c.; extra, 38c: ex era firsts, 37o. .
Urals, 30c; suconds, 3435c; nearby prints,
fancy. 41c; average extra. 3l(!40c; llrsts,
Stl 37c. ; seconds, 3135c. ; spei-iul fancy
brand -of prints lobbing at 44647c.
EUUS Demand was fairly ac'lve and valuer
were 15c. per case higher under moderate
offerings. Following are- the iiuotatloua: In
free cases, nearby extra. 26c per dozen; nearby
firsts. Id.iIO per standard case; nearby current
receipts. SK.45 per case: Western extra firsts,
SO.UO per case.; do., firsts. IU.45 per rose
Bouthirn. per case. tf0.3p. as to ouaily,
fancy selected eggs were Jobbing at J7WSc
uer dozen.
W POULTRY
LIVE Desirable stock sold fairly and ruled
firm under light offering. Quotations: Fowls,
lBWdlSttc; roosters. ISWUc . spring chick
ens, soft-meated. luesOc: do., staggy. 14V
l&e!; ducks, us to slxe awl, fliallty. UOzOc.:
geese. 17W10o.. pigeons. oiA.ver pair, 28
30c : do., young, per pair. iUVilc.
DHBBaED The market ruled Arm under
lkrht olferlngs and a fair demand. Quotations:
tfresb-kllled. ury-packed.fowis, -, to uox. an-
. tf.nllra.1 walllllllUr 4h
., . .i.Mnv a lha. anlece. 20c : small sizes.
16'lc.i old roosters, dnt-pleksfl. 16;. Cbkk
iiis Jersey fancy, broltfrs. 342tlc. : other
Selrpy fancy broiCefj. 2224c . Western, broll
?r. weUhln 1H 2 lbs. apiece. 329240.:
Northern Illinois chickens, fancy .yeJJow. weighing-
lbs and lv, In !, il 22c. ; North
iTa Illinois, fanoy. wftebtng 2HSU lbs. la
boxes. I5l0c. Northern Illinois. fancy.
weighing 2$ilMH & ."
other Western, weighing 4 Ib. and over. In
boxes lailc other Western weighing 2(4 O
3A lbs in bo, 117 other Western,
wehlng' S&OSTi lt.. W1-- lOOiSo.: la
weigning .a wea Jb .jvelghtsa 10
Kl. kpttSW. iWSSe- smaller sUwi.Tb2.
Turkes. fancy, xjung.bene -axurtamm, 31c.
do fair to choice; 2sSe . do., old toffls, 33.
BlJaMc sSrby. ileioc.. .TySteriH
-."?;-1-'.,??-,i.n',-. ',0- fnlr " booii. 12
ii1,; ?:'' "n'Oc Squabs, per down White.
!ui?nlns :V! " ",s- vr dozen. $5.(1005.75:
white. welBhlns II to 111 lbs. per dozen. .-.
u.;, ; white welshlnB S lbs. per dozen. $4 0
','.! ii'iJ T "" .m'r dozen. 53(13.50; do..
IfS-A.??."-4 Ib.'- ror dozen, J2.2ftW2.75, dark
J202.75; small and No. 2. Sldjil.as.
FRESH FRUITS
riiolce slock sold fairly and values generally
ruled steady a follmt-H: Apples, per bbl
Wln-siin. Silfr 1: llaldwln. S2.51 Oh.Mf tlreen
','.?:., --SvWi., J?$ 'mi-rlal. S2W3.2.-.; Hen
'.. ei.tui!-...!". uuier vitrietioH. si r.nfrt)
. ku. . ai..iu 1 -ill- finnmu in .11.
loo bs.. r,iK-.st...n: annles Writ SS' liV
-, ii..i.t.i-n, i-i,irifia, per crate, J2.,pi0(ll-1
l.ftll;
S1.2ftc
tanKerlnes ,-rlda, iier strap. SL'bn.SO; Brape
fruit, l-'lorldn. per irate S2W3.56: lemons
P.T box. S2f)3: Pineapples. peVrateTS
tico S2.ft(l3.50; I-lorMa. si.SO&a .SuTcrnn"
bi-rrles. Jersey, per bbl.. S3W 7 ; do Jersey
per irate. Slli23: ate.itVh.P.,1...' iSV-i-Y'!
crates,
quart HefrigeratorB,
.utfoin;.
.-I0(f40c; open
VEGETADLES
Tho market ruled firm on choice stock of
most descriptions with ilemnnd equal totha
Imlted orrerlncs. Quotations: White potatoes!
per bush.. Pennsylvania. Il.3001.4o-do dn
New York. S1.15(rl 20; do., do . Western
?,lln,,,i-'iv'l0i J"!"-- Pr bsifct, No, i.
Hose. Il.1((i75c. : do., do., No. I other varletlei
(I..&75C.: do. do., No ,L'. 3.l40c?rdc?Fort
da i.er bbl., Xo. 1. $78; do., do.. No. 2. JO
tjn.feVn1 "i"atoes- Jeey. per basket. No.
I. 4550c ; do., ilo.. No. 2. 25W3UC do
Jersey. Delaware and .Maryland, per hamper.
No. 1. 75c (i'ii: do.. ,!r.. Kn ' iiiff7tnii . til"
Virginia, per bbl., SI.. '.(Km. 7ft. onions' Ti
lllU-lb. bau-
7ftc. O'Sl.2.1
No. 1. S1.7ft2; do., do.. No. 2.
ITnllhnire. ltuninli nam .n via
r .inr ,i m?J7 ."J ,"""." .'.A.':"- f'
.South Carolina, per crate, S1.2.1OI.S0. Cal"
ery. Florida, per crate, JI 7JW2.25. Hnlnach
Norfolk, l-er, bbl Jl2 23;do: Texas, p?r
''gff, S1.502. Kale Norfolk, per l.ol..
75WI10C. lettuce, Florida, per basket, $2(8
3.50; do.. South Carolina, per basket. S10"
do., North Carolina, ier basket. S2(P2 60
Hoans. Florida, per bas'tet, 1203.50. 1'eas'
Florida, per baskeh S5CU. Peppers, Florida,
per carrier. S1.50S3.2.. Eggplant. Florida!
per crate. J2&2.50. T matoes, Florida, tier
irr!?r.-. fancy. S1.25&I 70; do., do., choice.
75c SI. Asparagus. tur crate, Houth Caro.
Una. 12UI; do., do., Cieorgla, S2.23O3.30:
do., do., California. S203.SU. Slushroonn,
per 4-lb. basket, 75c. tl.4U.
Tax Exempt in Pennsylvania
WE OWN AND OFFERt
Reading Co. Gen. 4's, Jan. 1997
Beech Creek R.R. 5's, July 1936
N. Y. Cent. &H.R.R.R. 4's,
May 1934
Penna.R.R.Gen. 4ViVsJune 1965
Penna.R.R.Cons.412's,Aug. 1960
Allegheny Valley Ry. 1st 4's,
March 1942.
Particulars on application.
A. B. Leach 8c Co.
115 SOUTH tOUUTIl STBEET
Hell Phonoiombard 237,
New York Chicago IJostou Londea
DIVIDENDS
NEW. HIGH MARKS IN EARNINGS
BY U. S. RAILROADS THIS YEAR J
Talk of Increased Dividends by Few Roads and Resumtj-'l
f.inn nnr Tnifinl Pfl.vments bv Of.bprs A m: '?
vw - " --"ioAit;an.
Eailways Common at Best Price of Year
which would place tho carrier in . v ..
position to "brant an Incrcaso In lLhUt-
jii mo iniiHuoipnia Stock tvi.r
today there was no diiCR.-E"h?W
conditions which havo been rullns fo-iiS '
Inst week or two, with the exccwior ,Ah
s bb of a ilav nm nml . J:lon Pos
Ine brlBhtcncd up a little, brder. d'
few and no one seemed to want to doIS!
The Rood February carnlnen of ii.a r,
column yesterday, failed to help the nlJ'
kct price of that company's common ITr,
nnd t declined n nnini i i, ,?Tn k
haTfpofn1,0"- Th PrCferrCd W
The most active Btock was Novadir..
solldacd. about 800 shares of that ,!''
chantrlns hnndn ilm-lr, i, .A. at ""W
advance of a fraction. Cambrl? Vl
U.UHIKU DUII1 ILL 11. 1111 It. Til.,. . . '-
n...i. .. . ?'' '' niuUleinliU
juiiuii iransu trust cert flcnte. Z.
brought out at 10. off U. and In the uS
Many new hlfih records of revenues will
bo established by the railroads this year
nnd there Ib some talk ot Increased divi
dends by a few roads and resumptions
and Initial payments by others. For some
tlmo the question of dividend payments on
preferred stocks of the Erie Jtnllroad Conv
pnny hns been discussed In financial cir
cles, while the samo has been truo with
respect to the Chesapeake and Ohio. Now
York Central nnd Norfolk and Western
have been spoken of ns likely to Increase
their payments, although to dato nothing
definite has been determined or announced
In this connection. .
Obviously, some of tho companies would
like to Increase their dividend rates, but
the labor situation has ncted as n deterrent
element. No doubt nn Increase In divi
dend rates. Initial payments, or resump
tions would be used to Rood advantage ns
nn argument by railroad employes for
tho advance in wages, wlilch Is now being
sought by that group of Individuals.
Jtnllroad oUlclals as a whole malhtaln
that wages of employes compare favor
nbly with rates paid other classes of
labor throughout tho United States, al
though they arc perfectly willing to nd
just tho matter by tho elimination of
certain unfavorable elements now obtain
ing In this connection. For Instance, It
Is pointed out, men nro now paid for a
considerable nmount of tlmo for which
they return no services, tho rectification of
noon they fell below 19.' for a C 'Ci-
points by selling nt 96. Lnto In th i.
American Hallways sold at 3BU. hS
above tho last close and a new filth ft,
tho year. " rr
In tho bond division Philadelphia!.,
tr.lJris WGro ,h0 most "dive, more ih"
iUO.OOO selling In tho first hah fVtiS
day. The price was unchanged from?.. '
terday's close. ' ,
LK1IIGU VALLEY KAILKOAD COMPANY.
Philadelphia. March 15. 1810.
The Board of Directors of the La!h Valley
tlallroad Comuany hay. this diy declared a
uuartsrly dividend of tW& tor I1.S5 utr "share)
on Its preferred stock to stockholders ot record
March -3. 1010. and a Quarterly dividend of
Ztt (or SI. S3 per share) oil Its common stock
to stockholders of rvcord atarcb 23, I'Jltt; tth
payable April 8. 1910.
Cbecka will to malted.
C. 4. KULP. Treasurer.
DIKKCTOitY OF ACCOUNTANT!
Lertlued 1'uLUa AccauataaU
iwiuiNc-ii b. bouwu it ca.
HIS KB it. KJaTAVHl UUUC UUUOXHO,
MliNLMUM THICK FOIl FItlSCO
It. R. SET AT $45,700,000
Foreclosure Decree Ready Addi
tional Pledge of $000,000 Exacted
ST. I.OU18, JInrch 31. Tho minimum
dale price of tho St. Louis nnd San Fran
cisco Hallroad, In case It Is sold under
the foreclosure proceedings brought by
Now York bankers, wan fixed nt $46,700,
000, plus a pledge of $000,000, which
must bo nssurcd by tho buyer at the con
clusion of a conference today between
United States Circuit Judge Sanborn
with attorneys representing the various
Interests with claims against the rnll
roitd. If the decree Is granted by Judge San
born the buyer will havo to rcorganlzo
tho railroad under a plan of reorganiza
tion approved by tho court and the stock
holders will bo taken care of In that way.
Tho sale price was llxcd to caro for
mortgages long past due. It was consid
ered likely by attornoys Interested In tho
road thnt Judge Sanborn would sign tho
decreo of foreclosure lato today. He Is
awaiting word from nttorneys not In the
city to approve tho decreo as now drawn
up.
Tho pledge of $600,000, which must bo
assumed, is to tho North American Trust
Company, of New York. Tho obligations
to bo paid aro as follows: A refunding
mortgage held In trusUby the Bankers'
Trust Company of NowYork, nnd Ncal
A. McMillan for $25,000,000, property
covered by a general lien mortgage
amounting to $20,000,000 nnd property
not mortgaged amounting to $700,000.
FOREIGN EXCHANGE
NEW YOltlC, March 31. There was a
strong undertone In tho foreign exchange
market nt tho opening today, the fenturo
being an advanco of about 2 per cent. In
quotations for lire. Otherwise prices were
virtually unchanged from yesterday's
close. Quotations follow:
Demand sterling, 4.7G (fj 1.7C 7-10, and
cables, 4.77; franc checks, G.9794. and ca
bles. 5.97. Mark checks, 714, and cables,
71 Il-IG: Swiss checks, &.21, and cables,
5.21 ; Vienna checks, 12.35, and cables,
12.37 ; Stockholm checks, 29, nnd cables,
29.10; pesetas, checks, 19.28, and cables,
19.30; guilders, checks, 42 11-10, nnd ca
bles, 42 13-10; rubles, checks, 31.40, and
cables, 31.55 ; lire, 'checks, G.57, and ca
bles, C.5C
Tho feature of the market throughout
tho entire session was tho pronounced
strength In Italian exchange. It wns re
ported thnt sales of liro were made as high
as G.35, ugalnst an opening quotation of
G.55. Sterling bills were somewhat strong
er, demand being quoted at 4.76 7-lb
1.76 Vi. mid cables at 4.77. Franc checks
were 5.96 and cables 5.95. Helens
marks chocks were 72 and cables
72 3-1G.
- RATES FOR MONEY
Tlmo
2J4M3U
3 IS U4
4 iUVx
4 Ui
(Commercial paper threo to six months. Phil
adelphia, 3Vj4 per cent.
New York . ,
Philadelphia
lloston
Chicago
Call
ij;ga
3H4
:t
-3H04
DAR SILVER
liar silver was quoted In London today at
28 m-lllil.. unchanged.
Commercial bar silver In New Torls was
quoted today at (104 cents, unchansed.
COTTON MARKET QUIET:
TRADING 1'ROFESSIONAL
General Tono Steady Rains Reported
in Texas
NEW YORK, March 31. Trading In th8
cotton market on the call this morning
wns tho smallest In a long tlmo. There
vvorc but eight transactions, with no eala
of December, usually an active option, The
tone wob steady with prices 1 point higher
to 2 points lower.
Operations of both sides of tho market '
wero mixed nnd professional. After the
call one trader offered a small amount
of cotton, nnd by tho end of the first 10
minutes recessions of 1 to 4 points from
tho Initial figures had been established.
There was some rain In Texas, Port
Worth reporting moro than half an Inch,
and San Antonio, .02, but no precipitation
between theso two widely separated sta
tions. Cloudy conditions prevailed all
over tho SouthwcBt, however, and tho In
dlcatlons pointed to moro molsturo for that
section.'' Elsewhere In tho bejt It was clear
and warmer.
No fresh feature developed during the
afterrfoon, but prices hold steady, with
May selling a point nbovo last night's
closo, while later deliveries ruled about
net unchanged to 1 point lower. Business
wns very quiet. A wlro from Memphis re
ported a good demand, with holders very
mm iinu uuyura uuuiuu.
May
.inlv
IVInhnr
December
January
Yes. closo. Open. 11 a.m. 12 m. 2 p.m.
11.07 11. nil ll.li.-. 11,911
12.04 111.011 12.1111 12.05 12.0
r ... 12.1H 12.111 12.10 ..... 12,15
ber ...12.31 12..1U 12.31
12.3U 12.37
Great Western Power Co.
1st Mortgage 5 Gold Bonds
To yield about 6
These bonds are secured by
absolute first mortgage on all
the properties, rights and
franchises of the Company
now owned or hereafter
acquired. The Company
serves ten of the most pros
perous Counties in California
and a large numberof cities
and towns, "including San
Francisco, Oakland and
Berkeley. Population of
the territory served increased
38 between 1900 and 1910.
Estimated increase since 1910
86.
Write for Circular No. 358
William P.Bonbright&Co.,k.
MORRIS WISTAR STROUD, Jr.
Mimnier
437 Chestnut St., Philadelphia
New York Boston Detroit
'l,oiidon rarli.
William P. Bonbrleht 4 Co. Bonbrisht 4 Co.
W-
TTI observation indicates that a well
secured Dy0 Dona is least siiDjeci iu
extreme fluctuation in price. We
own many such bbnds, some of
the strongest of which are on
properties in the immediate neigh
borhood of Philadelphia, and are
free of Pennsylvania State tax. We
have just published a list giving an
unusual range of selection of suph
bonds, and will take pleasure, in
supplying it on request.
- I HARPER' & TURNER
Investment Bankers
1000-1012 Stock Exchange Building
' Philadelphia
a ?
These Men Direct
The MORRIS Plan SteMS? Inm,ments in
T, G. A.hton. J
8. . fturuei
V. 8. EJnuUHls
Arthur J.-JloriU
Kelt. SIcKtiity
J, Ji. 3l-.tlll.ttr
'!"':ftwi,f",.
Joseph M. bteele
( lurK win,",,
hton. II. D. Howard H. Henry
turuen K. Lea Hunt
. r , . . ir.ik
ir 1'orbes Tuos. JlarllnJale Hurry It'elke Charlton iiiinau
Over JOUO.000 In loans, avertable 1100. made to date. Details on request.
Supervised by the State Banking Department.
LOU J 8 J. KOLD. Fret.
HOWARD B. I1BXRY. V. Prei.
B. LEO UUtfT. V. Pre. S Treat.
PENNSYLVANIA r
LOAN COMPANY
1507 Arch Street
1
f
-M
Aw'ftrjiir"irrTtl