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EVENING LEDO-EH PHILADELPHIA, mTTNDAY, APRIL 3, 191G.
14
3Mr lvt- ""
FINANCIAL NEWS
luii'nitinii -i -i-iiin- . -. - , - ii i .ii i. ..i
MANY INDICATIONS IN MARKET
THAT BULL CAMPAIGN IS UNDER WAY
Stocks Absorbed During Periods of Uneasiness in Past
.Few Months Good Part of Day's Trading
Consists in Urgent Short Covering
High Points in Today's Financial News
Dividend of fO.iO declared by Champion Copper. Last payment was
$ on January 21 of thin year. Biggest over-Sunday demand for copper in
history, with great strength shown in the market. Baltimore and Ohio
Wilt pay off all 4 1-2 per cent, gold notes, scries "A" ami "B." February
foreign trade, large. Baltimore Sheet and Tin Plate Company bought by
Bethlehem Steel. Philadelphia weekly bank statement showed a falling
off of $672,000 in loans, an increase of $10,OGO,000 in mdividuat deposits
trnd an expansion of $8,GJb,000 in surplus.
New York Slock Sales
Net
Hlsti. tow. Last. chnwr.
Adam Ktprwi lit', ItHi 14 l'i H
Alaska (ioM Mines.... AVi lit1! 2"!4 1
SMALL DEALINGS
IN CURB MARKET
Alaska J OoKl M H'i
AIll'-ChalmcM Mia
Mi
78
?2H
i
ITi
Allls-ChiltneM Mrs pt.
Am Meet Sugar
Am Can ni., 11,
Am can pr
Am Car fc fMy...
Am Coal Product tn"f 10:
Am Cotton Oil f.j nH
Am Hide & 1, pf ftUf fl:!(.
Arnica Secrtrltlnj 2!) 211
Am T.livvnl i!f 21
Atn Mnvrtl pf lOAi -10
Am Luramotlro 82f 7Mi
Am Lwomotlrn pf lnpf 101
Am "sniNt .1 lief 1(I2,'S 101V
Am Smilt & Ilof pf....li:i 11.1
Am Smelt pf II Ml Xfl
Am Snuff pf 107 107
1(1)1 H
30 H
78 1
72 H
r.l. M
ltl'l lll'f HI'I - H
7Vi fiD'f im m
102' 1H
MH H
MH M
D! 1
S-'i H
trm Vi
HH 2'
Zinc Concentrating and Chevro
let Motor Stocks Make
New High Records
Am Steel I'oumlrlcs.
IW
fil
ItU'f
li:i
Ml
107'
",2
(
-l!i
1
NKW VOl IK, April 3.
There were many Indications In todny'H stock marital operations that after
the long period of preparation a bull campaign Is ajrnlti under way. Intllcatlons
are plentiful that stocks had been completely absorbed on the many periods of
uneasiness In the Inst few months until at last there is now nothing left for
scattered holders to sell.
!tt has becomo a time, when what the Street would have regarded as bad
news would now bo Welcomed because of Its possible effect In Increasing the
supply and permitting' further accumulation. Thesp conditions were so clearly
manifest that a good part of the day's tradltiR consisted of tirsent covering of
short, especially In stocks like United States Steel common and the active indus
trials, which weroEo1d a few weeks nRO when "end-of-tho-war talk" was universal,
not only hero but In London and Paris, liuylnir resulted In many stocks like
Industrial Alcohol, which roso 8. points, and was followed by Crucible Steel, Amer
ican fclnc and Butto and Superior.
toiero was a good basis for Increased activity In railway equipment storks,
.furnished by the knowledge that tho railway companies are seiklns to place
contracts for early delivery. This created n vigorous demand for American Loco
motive, Baldwin Looomotlvc, Pressed Steel Car and American Car and Foundry
and the strength In these stocks was far greater ttiuu could bo measured by tho
prlco movements during tho day. It was known on tho floor that many large
buylhg orders In Baldwin Locomotive could not bo executed becauso of the pass
ing of the prlco limits.
Thfcro Is much to say about the scarcity of stocks, like Union Pacific, even
with tho attention demanded by the aggressive attitude of tho labor unions. In
terests Jn close touch with tho management!! of tho leading railway systems nre
in no way npprchcnslvo over the results of tho present agitation for higher wages.
Tho belief prevails that adjustment will' bo made either by Joint nnrcement or
arbitration.
' Am Smile llnf tit 1 ir.U 1I.V 1lr,
I Am Tel & Tel 12S 127!ii 128 H
Am Tobacco 1U0 100 10(1 I
Am Woolen Ml'j -lll'I t0i
I Am Woolen pf ()!)' tin's lM's 4-
Am wtiiiiis t pf yn in yo",
Am Zinc I. . Sm !)lf 8! SOU
Anneomla Con M...... K7J5 87 H7H
Aiwlato.l Oil (17 lXii fid's
Ateli To? A 8 V IfT,' 10U 1(M! -
.Men lop A S F pr ltll't 101 mi
Atl Coait. Mne Ill) IP) 111
i Hall Ixeo Wiir ilis'i 1I1.1J4 pt?i
! (laid torn Works pf... MS 10S IDS
' Ilalopilai Mining 2S Xi
lielliwi.'m Stu.'l .Hit .I'll
llrooklyu Itay Tr Kijj HMi
llrmu T & It II sec... 0'i 9!
nuiterick- Co
- H
2
- H
Greater Strength Shown in Copper Markcl
NEV YORK, April 3, Still greater strength Is shown In tho copper market,
with the biggest over-Sunday business ever offered In the history of tho trade.
Foreign and domestic consumers are buying largo quantities, nnd sales have been
mado for deliveries during tho remainder of this year at 27 cents n. pound. Juno
copper, 2?c tho price quoted by all dealers, Is being bid and almost any amount
could be disposed of at that figure. Tho quotation ranging from 2GU to 2fi0. a
pound for fourth quarter shipment has disappeared entirely nnd neither the pro
ducers nor sellers are willing to take business for that period under 27 cents.
Baltimore nnd Ohio to Redeem Notes
NEW YORK, April 3. The Baltimore and Ohio Railroad Company will pay
on Juno 1 at tho ofllco of tho United States Mortgage and Trust Company all of
tho 4 per cent, secured gold notes of series "A." due Juno 1, 1917, and scries
"B," duo June 1, 1918. The redemption price will bo the principal of the notes,
together with a premium equal to U of 1 per cent, of tho principal amount
thereof for each six months between the date of redemption and tho dalo of
maturity.
Miami Copper Company Increases Dividend
NEW YORK. April 3. Tho Miami Copper Company has declurcd a quar
terly dividend of $1.50, payable May 15, to stock of record May 1. In tho pre
vious quarter $1.23 was paid.
Champion 'Copper Declares Larger Dividend
BOSTON. April 3. Tho Champion Copper Company has declared a dividend of
$6.40. The previous payment, $2, was made January 21, 191G.
NEW YORK BOND SALES
HlBh.
IKOO0 Adams ttenreas. :i;-i
r.ocHt Albany & us :!H. . HTVi
aooo Amir Asr n.. UiJt'l
101.15(H) Analo Fr 3s uu
tooo Amer Smelt 8c Oa. .llf.
Zrtooo Amer Tel clt la ulji
1000 do conv 4s Jol',4
Tooo do cvt 4Vi 10
snoo Amer Writ Vno 5s. . ".-.
ynjiii Ann Arbor 4 nasi
"lkm Armour Co 4Vis U4?
47IHHI Atchison sen 4a U4
3UOO do res 4s I'HJJ
JOOII do 6 HHJn
10000 Atlan. Co Line 1st 4a -!
4000 do clt 4s..., silji
2250O Halt Ohio 3Via uaji
Strain do fia WoH
213IHI do 4s... Bib
S20UU do cv 4Mb. . . ... . . Ullj
S2CHMI nalt A O awn 3Hs, Ul'.J
100(1 Iletb Steel rfd SS....1U1
suooliroak Hap Tr Ss....iKiU
1000O do HUB .".'j!'
7000 Hrook Un Elv 1st Bs.ioiti
liOOO C C C gen 4s.. 7
BOIMI Cent Oa cons 5s. . . .ltMJS
24000 Cent leather 1st 5s. lie
BOO Cent I"ac 1st 4s So'
MMKI Cent It 11 N J 5s....lUJ
la4IKHI Can Oovt W I 5 '21. V-7t
8WKJ do w I 5s 2.... h
32UAOO do w I 8s 11)31.... "7b
12500 Chill Copper 7s 132
-tooo Chea tow -IVis-.- ."U
10000 do 4Ws Si....--. T
SOOO CM & Nwn irn 4a.. U4!i
1000 do 3 1U87 110
50000 Chi B & Q Joint 4a. . OHJi
800O do een 4s "H
4000 do til la ajH
soon do Iowa 4s ."'i'4
JIOOO Con Oaa cv fls....l2;;
000 Chl M ft 8t P ev Ea.JOTU
1IH(0 do cv 4Ms ItWh
1.000 do 4a 01
500 Chinese rets 3s T4J4
1000 Col ft 80 4H H4H
-Nion da 1st 4S 01 .
2U0O Cht Itwy Ss........ K7j4
2000 Civ ft Marietta 4Ss, UOji
SOOO Corn Prod Da 11H. U7t
SOOO p7 ., OjW
moo irtKi leiH
6000 Den ft lllo O 5a,,,. SU
2000 do rfd Ss ...... 5UH
SOOO Del United 4H... '.,
,70041 Dl Beo Corp 5a,..,. 73
' IfMKI E Ten V ft U ton Ds.iou
I2O1MI Erla conv ts Her A. 70
Slooo Erie Pa col 4s..,. 80
toooo do cv D 4a w I.. 83
4000 Ft W ft D 1st 5...103
500 Oen Blec 3H 81
1000 llranbv 6s., ,107
120OO tlud ft Man In 5s., SO
500 Hud ft Man rW 5a,, 73
6001) 111 Central 4a 1033., S3t
4000 1U Central 4sl032.. BO,
ooq Interb Met 4'.4 H
000 Intert. H T ret 5s.. Dajs
sooo Int Mer Mar ct 4tts. 0H
1000. Intern! I'acer B. ... 00
1000 Int etm Pmp ct 5s 75 H
nooo Jsp new O a 4Hs., 31 H
SOoajapaneaa 4Ha ..... SOU
KKH) K CKfliJUl., W,
eooo Kan City 8a fia.,.. D24
J500Q Kan City Ter 1st 4s 88I
SOOa Klnjta Co El as '07.117H
3000 do Sa 101H
1000 Lclcs. Steel Sa .... 04
2000 Laclede Oaa 5a 103
70OO Lie 8b, deb 4a 128. . 95U
S004 Lk Sh deb 4a 1981.. 04K
200U Um ft M T 6s...,, .101 "4
1000 Liar ft M T 7s 12I1U
10O0 Lnr Island sen 4a. . Sa
inoo Lorlllard 5 101 .
SOOO uls ft Nash Is..,. S4H
1,M ft Pay 6s .100
,2000 JIKPSSMAli KTH
iBSKl Mq Kan ft T 1st 4a. 71
1 Aitf VMM & i i4 . U71
uosa is 4ih
Itont Power Ea SOU
3ww rial K-nan aip as. va
3000. K T Can Iltii rea:.114U
200 NTCtll 8Ms 82H
10004 N r C ft Hud 4s B-lC
SOOO N T C ft Hud 4HS- B4U
JM060 3 Y Cent 6a 11S
iOOO N T City 4s 1B5S. . 0
1000 K Y City 4a 15. . B9Z
300a H V City 4 Via JBeO. ,102
4000 NYC Hs No r '3T108H
JOOO N Y a H ft P Sa . .103
1000 N Y Lacka ft W 4s. SS
100(1 N" Y N H ft II 4 '35 80
61'OiXj N Y Bwy nl la. . 78
tyuu e x iiwr auj oa ... wj
aoou N Y Tel Ken 4Hs. . B
SOOO Karl ft West cen da.HBU
itW) Kezt ft Sa 6m 80
kuhi Nori west .... bsts
ma r,orr ivest u 4a. vus
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J-outh I'ell r,
touth I'.it- 4s
South I'ac cv Is. ...
tin cv ret f ii Zfi.
South I'ac rfd Is.
South liwj urn 4a.
South lty con ."m.
T C & Ir-IIIrm 1st
do Ton dlv 1st .
Ti.iin C & Ir Kn 3s
Ti-xaa Co cv Oa. ..
Third Avi new 4.i.
Third Ave adj r,i..
Tolilo 3s
V .4 Qov 3s c ...
IJ S nealty na . . .
I' M kiuaI -. ur
flstur ft Del 1st..
I'nlon I'ac 1st 4s.
Union Pac rfd 4s.
ITn Itwys S I-' 1.
Un Itwys St I. 4a.
In I!h llfm.n II... a
Vn Car Clini lis...
Vn UwyB 3s
Wuh Om S'js
Wnh-T lat ct 4s...
do f pd
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West Shore res; 4s.
West Shore -Ii ...
Wrst Union Pis...
Wheeling ft 1. K Is.
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Tntnl alpi. 81,002.000,
SI. 138,000 Ut Mond.iy.
ronumrril with
BIG WHEAT SALES;
CROP REPORTS BAD
Condition of Plant to Be Low
est Since 1904, Says
B. W. Snow
URAI.V IIKI.T IVIUTHKU FOKKCIST.
"IIOAJSO, April 3. The tieatlier fore
CI,;?i,foV 3U hours for the Went fnllnivst
llllnuU. MlniieMita and Poutli llukatn
flenrrallr fulr, tcnlght and Tuexday. not
miirh ihunze In tcinprrntiire.
lIUMiurl Iulr tonkht; Tnrduy partly
clni'.lji probably ruin Honlh.
HUeoimln lirtl rloudy tonlht uud
Turdu;i unhettled North tonlihtt not
miirh chance In Irinperntiires.
Ipim nnil Nrbnuba Partly rlomlr to
nlsht and Tuesday) not murli rhunte In
temperatures.
orth Dakota I'alr tonight nnd Tue
dair.i someuhat rubier North tunliht.
,W,f-u"t""1- "'"' " Tuesday
and Kouth and Unt lonlihl. '
CHICAOO, April 3. Pronounced
Etrongth was shown In the wheat market
today under the Influence of active gen
eral buying, duo to further unfavorable
crop devices and reports that Holland was
purchasing large quantities In the United
States. Outside Interest was broader.
Professional speculators took profits at
times, but their 'offerlnes were quickly
absorbed by new nonprofessional specu
lators and investors.
The feature of the crop news was a
report by B. W. Snow, who said that the
condition of the plant was the lowest
since 1304. He put its status In the
United States at 78.S. against 88.5 a yeur
ago. and said that the maximum Indi
cated crop was 190,000,000 bushels,
against 665,000.000 buahels last year. Al
though Jt was too early to determine the
proportion of acreage abandoned, he said
enougbywas known to say that it would
be much greater than nojrmal.
Trade in oats was moderate and the
market was stronger. The visible supply
In the United States decreased 617,000
bushels for the week to 17,892,000 bushels.
Leading future ranted aa follows:
. Wheat Open! Illgt.. low, Ctmti2u.
May 1.17 l.ftltt l.lnfett.allUei in
July l6Vi l.lOVi 1.185J 1.19S 1.14
Septamber. l.j.8 1.17 1.1S i.n 1.13
Corn (new delivery- .
May 73 i 'T
July
SeBtainber.
Oats
May
July
September.
May 11.50
July 11T5
May 12 23
IS 10
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t
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75 7US 78 76U 170
45)i 49 43Vi t45i 41'i
11.30 11.42 H.I! 1UI
11 73 11.67 11.87 lirw
11 93 11 0 11.110 Ml.iO
12 30 12 22 t
3 l 12 33 ft
S3. SO
23 10
12. '2 12 15
12.1S tlj SO
23 l.'.tf.l 23.13
22.H5 23.03 123,90
Itiitlo & suiwrlof...
Hush Trtmlnal
Cal I'CtMl.-'tim pf. ..
("aniillin Parl'l?. ..
Canadian Siinlhm.
I (Mse J I Tr M pf. ,
('iillal l'jlfi.T
Cliainllor Motor...
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Chl Mil &St V
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Clil & Northwestern..
C C C3 &St I,
Chi I! I .i Pan
Cluctt IV;i & Co
Col I'url St Iron
Consolidated (las
Corn Product! Kef. ...
Corn Prod Itof pf ...
Cnidhli) Stcol
Ciupllik' Kteel pf
Culnn-Ani Susar
Di'ta-vari' & Huds-on. .
IMrolt 1'nltnl ltys...
IlLMivrr & Kin (ir
Den .1 Itlo Ur pf
fJUIIll K'O Corpn
Dome Mino
Krlc
Erie 1st pf
I'od Mln Sm
Ted .Mlu & Sm pf....
(icn'Chi'ml?ul
(Icn Chemical pf
General Jilcctrlc
(ioodrlcli II K
Goodrich II K pf
Granby Coiim))
Great Northern pf. ...
(i N cfs lor oro prop..
Grivni'-Cananea
Gi.wnhelm Kxpln....
Int Au'ilculuiral p!....
Int Con ( or v t c sh.
Int Ilarv N J pf
Int M M c of dp
Int M .M pfo of Up..
Int Nickel v t cfs
Int Paper
Int Paper pf
Imp Con Cop
Ji-tti'l Tea Co Inc ,
leol Tea Co Inc of..,
Kan City Southern...
Kelly SptlnuM Tiro Co
Ketmecctt Copper AD
Lack Mcel Co "M
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Lorlllard p Co
Louis & Nash
.Maxwell .Motors
Max .Motors 1st pf . .
Max Motors 2d pf. . .
Mexican Petroleum..
Minn i: St Louis....
Mo Uau & Texas
Mo Kan ft Tex pf
Missouri Pacific
Miami Copper
Montani Power
Montana Power pf. . .
Nallunal llbjult
Nat Lnain & S Co
Nat Lead Co
Nat Lead Co pf
Nov Con Cop
New York Air Hrake. .
N V Nil A II ....
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Northern Pacific
Norfolk & Western,
untarlo bilver Mln.
Pennsylvania It It..
I 'to pi .'i Gas ('til ...
Petlibom-Mullikcn..
PmLucipma Co
Pitta Coal Co N J.
Pitts Coal N J PI. .
Pressed S Cir Co.
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..121 12015 121 -HH
..104 WOVf 1U4 5
..123U 12.'13i 12.'5I -Uf
.. 7-l 72)i 7.', 1
..SO SO bO
.. BOJ, CO cot; Ui
..lion ioo loot, ;,
.. o!f ojf nu - u
.. HH .13 3
10 10JI
4Vf I!' - ii
!S5, 3S4 - H
7!)Vj 81 Ui
113
N'FAV YOltK, April 3. Tho tloallrwrs on
tho Hroad Street Curb todas were com
paratively smnll, with little speculative
' InterentiShown In the IcadlnK slocks, like
culm CfTne susar and Aiinvaio steel, uoui
these stocks have a substantial Interest
committed to the Ioiir side, and Cuba
Calio Pilfrar has a Rood active market
around 03. but does not seem to progress
far islthcr side from that price. Mldvale
Kteil also finds a Rood market nt and
above CO, and Is supplied from some
sou 10c on advances.
Tho massive popular Interest Is con
centrated In stocks which can bo bought
nnd nnld for In full In cash without any
strain on tho rcshurccs of tho buyer.
I Thlf Is makhiR lower-priced Issues do
I maiid most attention In deallnRs, nnd
' such slocks as those which havo been
offered for subscription by interests sue
ccitsflll In other properties wcro In the
next demand.
In this group Ulnc Concentrating, which
made a new high record today, was ono
of tho prominent features. Tho motor
stocks seemed to bo established at re
cently prevailing prices, but Chevrolet, In
which 1111 application for listing on the
Stock Kxcliango Is now pending, made a
now high record, with sales at 170.
Ijwprlced copper stocks are also com
Init Into public attention, with Consoli
dated Arizona Smelting heavily traded
In. following the recent annual report nnd
publication of estimates of heavy In
creases In recent mouths.
In the Standard Oil Issues tho feature
was the advance in Chosbrotigh to $1000
a share In anticipation of tho Increase
of tho capital stock, which, It Is sup
posed, will be distributed among present
shareholders.
INDUrtTUIAI.
Aetnn KMiloMves ;
Ain-KrltlMi Mnniifneturlni! ..
All (lulf SWISS
Ami-Menu Marronl
Sales in Philadelphia
M
17
0
in
10L
BO
no
n-.
in
ir.
4. '.n
32
n
B3S
11.10
inn
is
So
mm
.111
4-JSI
111
110
Hid. Asked.
no
AJnx Itilli inc w I ...
(iinnclliin Our & Idy
.. tlfi
.. rei'i
.. nl
.. S3
..17,1's
.f4.1
..Hill
..lan
.. 41!
. . m!i
. . 70
. . 23
. . 1 'A
. . II
. . 07
. . 113
. . r.i
!,'?
liilii.
'!!"
! ! S-ii
. . 3'i
.. Id
.. a1!.
. . r,
. . no,
.. an
17
118
lii
71
I7,'
nu
40
4bii
f-5
1104 110
2SI 2C3I
70 71
CSV,
77.4
MJ-j
77
. 10)
. 4!$
. r.91;
. SI
.11.1
.123W
. 2IJJ
. 07
.114
IS
.1-17
... H2U'
...1013 1C3)
.. -113)i 113
...122
. . H -,'
... iO?i
...104j
... CD
... 41U
... 2Si
...10.P,
..!)
ll.i
123'' 123'J
2135 2-IJJ
07 07
1133 114
17'
144
02)4
3K
U
h
1
ii
235
3
1213'
rmi
1013;
CO
ii'
27Ji
.-.211
li.'
liuia
023
104)1
113W -
12I; ' Ji
MS !i
CO'I
10l3i J-i
CO -2
llii 3i
28H H
1U3
513ii 1U
Pressed S Car Co pf..l02lj 102)4 102'n h
Quicksilver
(Jutcksllrer pf
liy Mivi tp Co....
Ity Steel Sp Co pf.
Ituy Con copper. ..
Keadlns
Hcpublic Iron & S.
HcnubUs I it S pf. ,
Icock Island
ltooK Uland pf
St Louis & S F....
fat L i S F 1st pf.
StL ,VS F 24 pi....
. ii-j
.' -t'-i
- If
. 00
. 2 IK
. hCH
. C2
.1051
. Vi
U
. 2)i
3I
St Louis Southwest pf. SOVj
Seaboard Air Line.
Sears Hob & Co
Shat Ariz Cop
Sloss-Shef S & I
South rorto It Suj.
Southern Pacific
Southern Ity
standard MUlliu: pt.
Mudetiaker Co.
I)
Hi
AWi
Oil
21
Sl)4
C1J
100
ii
2i
5
3
30Jj
10i
170
son
21IW 21a 210
. OSVi 073 OS
0)i 20V5 20)j
fcu vj to
M
4H - Ji
40 1
00
15W
.ITi
CO
24U
su:
52
100
H
ii
2i
r,
3
3J35
H
ii
1
H
H
ii
-H
-ii
3)3
1C35 ii
170 j H
3G1J
CO
a
0
j
- i
a
.1!3) 141H 112)i Ji
StudebabT Co pf II1H ill), HUi H
P-i
100VJ
17J.
K
C2
711
31H
0-lVj
02
lenn CoprT
Texas Co
Texas Co rights
Texas Paclilc
Third Avenue
Union Has te Pajr...
Union lias & P pf-...
United Cliur Stores...
United CUar Mlrs....
Under Typewr pf
Union Pacific
Union Pacifto pf
United Fruit
U SInd Alcohol
U S Ind Alcohol pf...
USUIl'i J
United Hys Inv Co..
Uu Hys Inv Co pf
b fa Itubber Ulii
U Sltubber 1st pf Ill
U fa fatcel Corpn K;i
54K - i.
10(1 h
1711 Ji
S ,'
02 ii
7ii - M
3Hi - Ji
01)4
02
H
!)
IOC
7Ji
02
71!
.'lllj
OHj
02
Ii03i I103J 1103s - H
.13.1 132H 132 ii
.83 Hiii Nl
-I4SU 117 !4S3i U4
.105 ICVf KilJi 0i
lOIJi Kit', luri !i
. 22) 2Hs 22i H
. 15 15 15 M
30 30
51H Cljj Ji
U0)i III ),
SIVi S5Ji Ji
30
U SStel Corpn pf.-..HGi UOli UOJi - Ji
U SS It & M Co OIDj
Utah Copper fc31f
Utah Securities 17i
Wabash 15Ji
C9
S2
17ii
IfiJi
40
27i
043
32
MM
2Ji
290
103
34M
GOIi - ii
83 H
17V, ..
ICJi ii
40 - J
SK ,.
COJi m
32
VOJi -M
2 -
235 10
103
31H - Ji
waoasa pi a -ni
Wabash pf li 26
VetK & M COlf
Western Maryland 32
Wast Uilou I'ul 001'
Wheel & Lake Erie... 2M
WIUjj OverUad 235
Willys 0 pf sr f p. ,-103
Wisconsin Central. ...'-. 34S
Sooirta u W I24i 123JJ 124 1
Quoted x dividend;
Total sales, 309.000 shares, compared lib
575.000 slurea last JIuuduy.
' nf
Want American Can Co. Dissolved
WASHINGTON, April 3 Assltant At
torney Uerteral Todd, of the Department
of Justice, la preparing a brief to be sub
mitted to the United States District Court
asking a decree from that court dissolv
ing the American Can Company. It will
be filed In the next three weeks. Mr. Todd
saM tods ad wilt supplement the formal
fUUs ft motion, by the Uuvernment, sJtic- J
lor aa u.nnovncej iiei.
.1.1 .trrif
Chevrolet Mntur Car ...
Cuba Cnne Hutmr
Curtlaa Arrnplnno
Drlcas-f-'enlmry
Ilmerson Phono . ...
llnski.ll ti ltiirl-er Cor..
Hi-mlee Manufacturing .
Inler Mnr Murine
do rref "
Kuthodlnii llranze, pref .
Miinlinttnti Transit ....
Mntlm Munition
Mldvale steel
tuli llteviilnr
DU.i Mlsenlohr w I
iln pref
IVerli sh Motor
Poole Kiik & .Mnrh
SI .I1.M111I1 ,enil
H S Krrsso w I
Miami Jliitiirs
S.ulmmrlnn lit v t c etfs,
Trl.iiisle Film v t rttH.,
United Prnllt-KIuirlnir .
P H l.lchl & Hent....
iln pret
Whlto Mntors w 1
World Film
STAN'UAIID OIL. SUHSIDIAItlliS.
Prnlrlo l'lpo 22"
Mllii.ilM 177
Ohio Oil H-
H O or California -....'JIS
H O of Jfew Jersey BIB
H O of New Vork 210
OTHKIl OH. STOCKS.
Harnett Oil avi
CnHden Oil
(.'Iinlmer3 Oil
Houstnn Oil
.Midwest Ucilnlnt;
Inter Pet
MINING STOCKS.
Sapulpha 12
Athint.i 1
C.-rro 4IIU
llultu C . v t ctfs DVs
llutte & .V Y 3,,
First Natl Conner 3(4
Giilillk-lil Merger 12
lleelu Mlnlnt; 4
Howe Knur.d til
Jin. llutler B3
J umbo Extension 7t
MuKinl Copper II'
.Mulvlnlcy-IlarrHBh HI
Mlni-n nt Amnrlc a
NIplsHlnir Mines Co
S.in Toy
Wrst Und Con
Ken Zlna
BONDS,
111
ill
12
17(5
lVj
Cerra do Pasco fia
Chen A Ohio Os . .
Illlvalo Ss
.UN
. 074
'.'H
III
ISji
7o n
IIS
ss
1711
OS '.A
nil
111
141,.
I. l'i
7n
2.1 'i
'(
ii!
0.1
.in
101
I'll
4
:K
r.'.l
ni
1V4
2L'.1
1711
,"?.?
51 5
211!
nu
20
II
111
1214
1.1
1.1
411 W
II i
aU
n
la
i
r.?;
nu
711
P.H.
).,
a i
7(4
111
7S..
13i
118
8.?.
Ull
isii
L'i
in
14
Son
lMi'n
l'ii
sm
20.',
221.1
no
too
125
Am niwis.. ..
do rrcf . . . .
Am Tel & Tel.
Am I,oco . . . .
lluff SHlr..
do prof
Brill .1 O
Cam Iron
Cam steel . . .
Klie Riornire. .
Urn Asnhrilt..
Ins Co Sf Am.
Key Tel
do pref
Krnne Copper.
I. Hup Corp. .
I'h Vnl
l.lllle Hehuyl.
.Mlni-hlll
Miami Con....
Nevndn Pons.
North Cent...
Pennn. IJ II. . .
Pa Knit Mfit. .
Penna h'll pt..
ltlelu
8.1 '4
pa '4
127U
82
1.1
"".,
4i'.i
41
Rl
lll'jl
.11 !4
211
II
70
M'd
siu
r,n '4
30
IS
ss
if:!
IIS,
4IV4
ii:i
Phll.t Vn.
tin nrrf....
, do cum pref 43
Phlln H'ee. ... 17
P It T tr etfs.
1'hlla Trac....
Itendlnft
Tenn Conner. .
Ton lief
Ton Mlnlnir. .
..III. ,11 11,1,,. fl7,
Unit (Ins Im. SS,
thi Cos N' J. 22.1
U II Steel... . N"5
Wnr Ir St. IHi
Westm Co.il.. 07
W Criunn & H HO
IS ',4
7K
.1.174
,;l,V
ISl
a.i
unvs
127l
82
41
no
41
4.1
M
111 '4
i!5J?
ii.i
ii
no
r.sji
M 4
r.n'i
l7i'
SI
r, M
lin
lis
It
mi
27.4
gii
r,.i?4
P'j
ss4
"S4?i
111
117
so
Cloe,
3-1 V4
IHM4
127U
S2.4
4r,
n!u
IMVS
20
II
70
r,ii
lo-H
nl'4
mitt
.T.1
IS
,B
n u
3'l.
4U
181
77 !
8r'.
riti
ir
.1.1-,
1oi
07
Ml
Net
ehire.
'.4
1
'T
".
'li
1V4
I1!
-i
V t.t
'4
!l
V4
Tnlnl snles, D0.1R slmres, eniminrril ullli
10,3.11 nli.ires lu'it Atniiilny,
$200
loniio
nun
1 noo
sooo
.'1000
.mno
.moo
.moo
2noo
3(1011
Wnoo
noon
noon
20011
loon
-I- Inc
tiONDS.
HUh.
Am II & III f.s t-a'4
Alliinlle C ris.tnlW
City 4s '3S r..lli'.J4
do I ti in re. 11134s
Rloi- & f Tr is SI
I. V Ken I':.a.lli2'4
I, V Tr ref ,1r. H2'i
Pa con 4x ' IS. Ii'iu
Phil li rin..1li.lH
Phil lllec In.. SI
iln 5s llll
Head Ken Is. . III"!
Itd-Jr Utl Is. nrt'4
Stand (Lis ns.loiW
ITn Itv Inv r,n. 7214
Wolsliaeh fis . lists
rease. Decrease.
Low.
l'.i '4
1(11 Jd
HI2 Ji
1024
rolji
in;-
tiojl
innn
83
ti i
im'4
li,
72 '4
084
Net
Cine", time.
Inijd i
1II2J4
HiJ1!,
"'.
102',
02 i
miji
103!l
81
101
Ii I. H
llll '4
llll4,
72 J4
tl.st4
-J.
'i"
ts
TRADING QUIET IN;PHILADELPHIA;
TONOPAH BELMONT THE MOST ACTIVE
Stock Moves Up a Small Fraction on Better Price for
Bar Silver Talk of Increased Dividend
for Philadelphia Company
Tho week on tho Philadelphia Stoclt
Kschnitce ntarted very uulet. Traders
showed no -interest In the market. Price
movements, ns baa been tho case for tho
last several days, were) IrreRUlar.
Tho most active issue was Tonopah Bel
mont, more than J BOO shareo sclllnp dttr
ItiK the InornltiR soss'nn. The price of tho
stock wns only up n nmall'fraetlon. Tho
activity In tills Issue wan attributed to the
further advance In the price of bar silver,
for which there has beer, a Rood demand.
On tho other hand. Tonopah Mining was
very quiet, although fractionally strogger.
At tho opening Philadelphia Company
stock sold up a full point, later selling off
n hnlf from the best and recovering some
of Its loss. There wns talk In tho Street
if sonic Interesting developments In the
company this week. It was said that
when tho directors hold tholr meeting dur
ing tho week the dividend will bo In
creased. Philadelphia Company preferred
sold at 3D In tho afternoon, up 2'i from
the last previous close. Tho cumulatlvs
preferred Wns also un...
Sales of Buffalo and Susquehanna com
mon and preferred stocks wcro made dur
ing tho morning nt unchanged prices'.
United flas Improvement sold oft a frac
tion off light trading. Union Traction Was
unchanged, while neither Philadelphia
Itnpld Transit trust certificates nor stock
sold during tho Orsl hour nnd a half of
trading. Tiicro was a break of more than
2 points In .1. O. Brill In the afternoon ses
sion. Keystone Telephone preferred sold
up l',4 to 70.
United States Steel common, which llsu
ally makes up tho bulk of the trading, .
did not sell during the early part of (he
day. , ,
Financial Briefs
Tnlnt sites, $01,800, rimiimreil nlth S3I.200
list Monday.
Local Bid and Asked
HIG JUMP IN DEPOSITS
Philadelphia Bank Statement Shows
Increase of $10,000,000 Sur
plus Also Larger
The outstanding feature of tho Phila
delphia bank statement for the week pre
ceding today was an increaso of $10,066.
000 in Individual deposits. Loans fell oft
$672,000 and surplus Increased $3,404,000
Details follow:
April 8, '10. Increase. April 5. 15.
Loans . . . $tnn.i',s2.ouo tii72.oon j4i2,3iil,ooo
Den'isdndl 43i.7ir,.ooo lo.oi'.o.iion 331 ii.io.nnn
Circulation ii.nin.ooii -zz.uon
Duefr.bkH. T-J.MIK.IIIIU 1.1113,01111
Dcnnrtiks 17S.121.O00 1,7411.0011
i:xCleuril. 2.1,2117,000 ii.2O0.oon
Ili-sv. held 120.111) I. ono 3,n.i4,oiio
llf-av r-ul. 77.50S.000 400.0110
Surplus .. 43.150.000 3.401.000 .11, U08.000
Surplus under old rnrm. April o, iui i, in..
801.000: April 7. 101.1, 15.11111,000; April I,
l'.ll'J, (12.702.000; April 3. 1011, 10,703,230.
Decrease.
11. 2UII.O00
.10,515,000
133,8118.000
1,140.000
111.301,(100
nn.iw3.oni)
KAILKOAD EARNINGS
UUI.AWAIin AND HUDSON
1015, Increase,
Year cndliiB December 31
dross It. It 23. 780.511) $1.0ni,557
Netlt.lt 8. 283. 771 1.421.782
Net Income 10.b37.03S 408,402
NBW YORK. NEW II.VVKN AND HAflTFOHD
10111.
February urosi $5,802,178 Jl.211.1212
Net after taxes 1,108,371 1)1,30!)
lll-ht months gross.. 40.H28.33li 7.220.278
Net after taxes 14,700.773 3.712.834
IIOCK1NO VALLEY.
February Bross J.1J3.03T
Net Ift1.1i7:t
Eight months' gross.. 4,8:f.i,711
Net 1.802.311
JltSSOUIU. KANSAS AND
32.501,158
114,5111
21.810.521
February gross ....
Net alter tuxes . . . .
i:iKht months cross.
Net utter taxes
Decrease.
4,027.003
1173,308
38.011
552,582
434,010
TEXAS
$227,530
74U10S
1.O21I.10S
1.370,012
LIVE STOCK QUOTATIONS
CHICAOO. April 3. Hogs Receipts, 20,000.
Market 25c. higher. Mixed and butchers,
JU.IlwlO.hil; good heavy, l).GvU.SD: rough
heavy. Sli.31ft0.l5; light. i0.353U.80; pigs,
J7.00MO; hulk, IO.006io.7S.
t'ATTI.K Receipts. 0000. Market S3c.
higher. Ileeves. 17.3.1010; cows und helfera,
3.b.ii 8.U0; Mockers und feeders, l).35lfj
H.tM; Texuns. iT.lolavO; calves. 7.508.75,
SHEEP Receipts, lu.uou. Market 15 to
25c. lower. Native und Western. 40.15 Kj
8.1.1; lambs. 0s 11.33.
NEW YORK BUTTER AND EGGS
NEW YORK. April 3. HOTTER Market
uulet and easier feellnff on top grades. Ite-u-lpts.
5532 packages. Extra creamery. 37c;
hlvhir scoring, 37ViJ8c; State dairy. 30V4
37c; Imitation creamery. 2&2UV4c
KGOS Market for hUh grades tlrmi lower
grades weak. Receipts. 22.723 cases. Extra
llmts. 21i22c.s ilrsts. 20V4J21g.; white
tMws. 25sV20c; brown, 23tr21c,; mixed color,
21W22'.-ic; refrigerator, best, 21?i j22Vic.
NEW YORK COFFEE MARKET
NEW YflllK. Anrll 3 The nffp n.jrt.t
was featureless this morning and tlrst prlcea
nanged iroin saiuruay'a nnala, Theru
War, nnc-1
wera no sales on the opening rail
Today's
opening.
6.53 b. HO
March . . .
April
May . . . .
June
July
August . .
SaiitemLer
Oetabar ..
November
l)cainber
January
February ,8.30
UKJ.
Total sales. 7260 bags.
Today' a
I'.IM.
8.5008.01
8.10
s!i8
8.26
8.30
.8.38
H.07 2
b.l.1
m
8. 20 1
a.33 3
K.37S
b.414
8.44i
8--13 i
8.54
K.Oi)
8.1U
H.21
'8.2.1
8.311
18.33
18.38
'8.42
,4.1
.51
S.50
Saturday'a
clue.
3.488.50
&1408.13
6:23 88.24
83005.37
8.4388.11
Mahoning & Shenangov
Rwy, & Light Co.
1st. & Consol. 5 Gold onds
Inst. May & Nov. Due 1920.
To Yield 5.15
Tax Exempt in Penna.
REED A. MORGAN & CO.
WEST BSD TBl-'ST IHJ)Q., VUIUt.
Members of the l'blbi. Stock Exchanxe
Italdwln
llurr & Soi to ....
dn pref
Drill ,1 (I
Elec Slnr.ico
tlen ARphnlt
do pref
Keystone Tel
iln t C
do nref
T.tio Sup Corp
l.ph!.Th Nnv
l-ehbrh Vnlley
Lehigh Valley Tr...
do pref. ,
I'ennsylvnnia
l'hlla DIoc
l'hlln Co
do 5 per rent, prrf
do 11 per cent, pref
l'hlln UTlc
Iti-adlnir
Ton IMmont
Ton Mlnlns
Union True
II C t
II a Steel ,
York IUIhvny
do pref
Wm ('ramp t c
Tod
Hid.
.107 "a
. 1.1
. 511 !i
. 12
. ni Ji
. :mj
7li'f
. 13
. 13ai
. 711
. -I3'i
. no
. 27 Vi
. 14 U
. 3!l
, 1.1
. IM
, .Sl'
4 0-1(1
, 11(4
13 ,
, SSVi
, S5(4
II) ',4
an
bo
.
Askeil.
ion
in
llll'i
4.1
(12(4
aiiN
7li
IIU
llfi
t'llji
77 !i
43 ',4
57
27
-II
4(1
I3V4
11)
K.1'1
4Ji
43'.
.s.si
?5,i
3I1'4
80 4
Saturday
Hid, AHlf-.l.
111.1 Ji Kll't
134 41,
Ml l, i, llll'a
II . 13
III '.j 02
an ' :i7
ll'i
14(1
l.!l
10'i
.l'i?
22 Vi
':t..
.Ill Ji
27 Vi
I3ji
.HI
42i
1HJ4
44
a
43JI
10
3(1 ',4
61)
I44
"0.
10J4
i2
7 1
23
n
W'
:m
43',;
lMi
Kli
4 '4
(l,
.H?4
NH!!i
SI'i
11
37,.
80l
LOCAL MINING STOCKS
TONOl'AH STOCKS.
Hid.
.03
.07
Jim Itutlcr
MacNnmura
iiidn-ny 22
.Mlzpnh Ext 21
Montana 2(1
Northern Star 10
Tonopah Helmont 4V4
Tonopah Extension 4T-i
Tonopah Mining 0!4
Hi-seue Hula 3.1
West End 7U
OOLDKIELD STOCKS.
Atlanta 1.1
Illue Hull .02
Ilontll HI
Hulldni; Ill
C O D 03
Combination Fraction 07
Dlnmondneld II II 02
Daley 01
Florence .42
Roldlleld Consolidated 70
Hold Mold Mercer
Jumba Extension
Kewnnaa
Oro
Sand Ken
Silver Pick
MISCELLANEOUS.
Falrv Aztec . . .
Klmberly
Nevada Hill ...
Arizona Un . .
Nevada Wonder
.12
.70
.12
.01
.04
.07
.01
.01
.17
.3.1
1.87
Asked.
.11"
.03
.21
.2.1
.30
.17
fT"
II Vi
.3.1
.78
.14
.04
.18
.02
.04
.OS I
.03 '
.0.1
.47
.78
.13
.78
.14
.0.1
.on
.08
.02
.02
.in
.40
1.01
FEBRUARY FOREIGN TRADE
WASHINGTON. , April 3. The preliminary
figures of tho total value of United States ex
ports and Imports for February and for eight
months comparo with the llgures for the pre
vious two ycura as follows (000 omitted):
MERCHANDISE.
February 1010. 11)15. 1014.
Imports 11113,11.15 11 25. 123 $148,044
Exports 400.830 208,727 172,020
Excess of ex
ports 215,001 178,004 23,875
Eight months
Imports 1, 301, 084 $1.055.n.H J1.215.7II7
Exports 2,080,301 1,038,387 1.035,722
Excess of ex
ports 1.285.217 B77.750 470.025
GOLD EXCLUSIVE OF ORE.
February 1010.
Imports tu.010
Exports 13.U8I
Excess of ex
ports 7,008
Eight months
Imports (328,054
Exports 47.471
Excess of ex
ports 280.563
Excess of Imports.
1013.
J12.72A
1,033
11.073
S40.287
140,387
91,120
1014.
13,208
0.078
S40.440
44.05(1
FOREIGN EXCHANGE
XBW YOltK, April 3. Tho market for
foreign exchance opened quiet, without
particular featuro otherwise. Quotations:
Demand sterling, 4.70 7-10 ; cables, 4.77 ;
franc cables, B.97 ; checks, B.07 ; reichs
marlts, 72072 : lire, cables, 6.61i ;
checks, 0.62 V--; Swiss cables, 5.21; checks,
B.21?4: Stockholm, 2D29.10; Vienna,
12.40012.42; pesetas, 10.35 19.40; guild
ers, 42V42 13-1C; roubles. 3 1.4 5 31. 50.
In the afternoon the mantel was feat
ured only by extreme dullness. Quotations
follow. Demand sterling, 4.76 7-1C; cables,
4.77: franc cables, 6.97U; checks, B.98;
rclchsmarks, 71 15-16 and 72.
Tho exports of copper for the month of
March amounted to 21,231 tonn. compared
with 29.S1G tons In the satno month last
year. '
Twenty-two railroads, operating In tho
United .States only have reported weekly
Kro.is earnings for the third week ol
March of $7,121, OBI, an Increauj of
$1,070,190 over the cnrii-sliolldllis week
of last year. No decreases wore shown.
Xot revenues of 9G railroads In Feb
ruary were $.18,199,873, tho Interstate
Commerce Commission announced today,
as compared with $2B,340,231 In Febru
ary, 191B.
The Xeiv York Stlbtroasury gained
$3,166,000 from banks on Saturday, mak
ing t cash net gain since Friday of
$3,977,000.
The Inspiration Copper Mining Com
pany, of .Vow York, reports that tho
production for March was 9,300.000
pounds, an Incrense of 1,000,000 pounds
over February.
The Listing Committee of tho New
York Curb Market Association lias ruled
that on and after Thursday, April 13, tho
permanent engraved stock certificates of
the White Motor Company shall bo tho
only good delivery. Temporary certifi
cates may bo exchanged at tho Columbia
Trust Company.
Production of tho Anaconda Copper
Mining Company In March amounted to
20,600.000 pounds of copper. This com
pares with 23,300.000 pounds in February,
23,200,000 pounds 111 January, and 25,
OOd.000 pounds In December, tho high
mark In 1915. In March last year tho
company produced 19,000,000 pounds of
the metal.
The Illinois Trust nnd Savings Bank of
Chicago announces that Frank F. Winans
has been added to Its bond department
ass sales manager. Mr. Winans has
been Identified with the banking business
In Chicago for many years, most of
his experience having been with the.
Northern Trust Company in its bond and
other departments. IIq Is an ex-prcsldent
of the Bond Men's Club of Chicago, as
well as a member of other Chicago clubs
and organizations.
There will bo no session of the Chicago
Board of Trade tomorrow, spring election
day. ,
Coupons duo April IB from tho bonds
of tho Anglo-French five-year 5 per cent,
cxtornal loan will be ' payable at tho
office of J. P. Morgan & Co., 23 -Wall
street, on and aftor that date.
There wero 1,696,357 tons of bituminous
coal shipped over tho Philadelphia and
Reading Railway during February, as
against t,137,9S3 tons for tho correspond
Inff month of last year, and 1,717.182 tons
In January, 1916.
Net profits of $1,330,166 for the year
ending December 31, 1915, nro reported by
tho Rubber Goods Manufacturing Com
pany today, as against $2,193,220 for the
provious year. Dividends for 1915
amounted to $1,218,432, a decrease of
$875,552.
Freight traffic over the lines of tho
Pennsylvania Railroad continues largo, as
indicated by tho dally averago movement
of loaded cars. Tho averago dally move
ment past 10 Junction points In March
was 31.1GS, an Increase of 6111, or 21.3
per cent, as compared with the samo
month or mo previous i-ai.
COTTON ADVANCES
ON FUTURE DEMAND
Mill Interests Boost Prices From Ono
to TvoI'oints.
NEW YORK, April 3. The cotton
market In the early afternoon developed
n very steady uiulcrtono on demand for
tho summer months from mill Interests
and covering by earlier sellers. Prices
regained nil of the early loss and sold
up to a net advance of-1 to 2 points.
Arrivals of cotton at New York today
were light, amounting to 1300 bales. In.
terior stocks decreased 2000 bales for the
dny, compared with no change, cither last
week or year, and a decrease of BOOO
hales In III 14. Toward mid-afternoon tho
local market ruled steady and net un
changed. Kxports for the day were 13,798 bales
against 36,150 bales a yenr ago. Today's
j total Included 6726 bales to Great Britain,
I 492 bales to Franco and 0580 bales to tho
Continent. Clearances for tho season ag
gregate -l.OOn.T70 hales, contrasted with
6,689.933 bales for the corresponding'
period last season.
A featuro of business was tho trading
ny ono operator for 1000 bales of Marc
at as high as 12.26, or only 2 points under
final bid on Saturday.
Silt. clo?u. Opon, HIkIi.
l-.l'.i 1U..1.1
11.77
11. SH
11.11.1
12.1.1
12.211
March
May
July
October . .
December
January ,
Spot
.11.81
.ll.ti.'l
.12.01
.12.18
.12.24
. 12.(10
11.00
12.01
12.(111
12.211
12.32
Low.
12.3S
11.77
II.. '-II
11.113
12.10
12.17
Close.
12.23
11.00
12.110
12.117
12.2.1
12.:tl
12.00
Liverpool Cotton
LIVERPOOL, April 3. -Spot cotton to
day was uulet, and 5 points lower on the
basis of 7.6B1I for mid-upland. Tho sales
were 6000 bales.v Including 4800 bales
American. Tho imports wcro 9000 baloa.
Including 7700 bales American. Tho mar
ket for futures closed quiet at a net decline
of 3i,i(0'7 points.
BAR SILVER
In London bar sliver wns quoted at 21) d
pence, up i pence.
Commercial bar silver In New York was
nuoted at (II Y, cents., nn ndvnnce of ii cent.
RATES FOR MONEY
New York
l'hlladelphla .
Hnntnn
Chicago
Call.
Ii(ie2
a 1.4 4
:i'.4Sfi
I'nnimorclal naner. thren tn elv ninnlhn. lhlt.
mlclphla, 314IB4 per cent.
B.A.
BANK CLEARINGS
Bank cleartnss today compared with corre
.spondlne day ..t two years: m
Phlla J51.741.334 J27.80ll.281 323,747.431
11 ,An st an an!t n.:iin.HK7 !i.n4ii.7-i
New York. 489.481.723 253.:l40.137 211.U27.35ll
St. Louis.. 20,000.221 14.004,705 15,105,401
llaltlmore... 7.280.203 0.110.430 5,823,022
Schwab Buys Tin Plate Plant
BALTIMORE, Md.. April 3. Charles M.
Schwab, chairman of the board of direc
tors of tho Bethlehem Steel Company, has
bought the Baltimore Sheet and Tin Plate
Company, the $3,0Q0,000-concem recently
promoted by J. II Aldred. The originally
proposed size of the plant will bo tripled as
the result of the purchase.
Texas Bank Fails to Open
SAN ANTONIO, Tex., April 3. The
West Texas Bank and Trust Company did
not open Its doors today. It has a cap
ital of $250,000 and deposit of about $2,
000,000. The bank is a State guarantee
Institution. It was established in 1905,
INVEST IN MORTGAGES
AT 5.4?
RecommcVicledibjr
BEN T. WElICH
1328 Cheltnul St.
DIVIDENDS
1LVUKKT BTttKET TITLE ANU TUUST
62d and Market t.. i'lilUdclabU.
March 27. 1016.
The Board of Directors have this day de
clared a, semiannual dividend of three per cent.
on the capital which was patd In prior to
Novetnbar 10. 1013. payable Jlay 1. 1010, to
atockholdera of record at the close at business
April 13. IBlii- Checks will be mailed.
" BBQINALD 11. CHASE, Treasurer.
DinECTOBY OF ACCOUNTANTS
lurlUled t'ublla AereuotanU
14.WKto.SjLt, U. iiuoWN J tXJ.
1615 VKL tT-s-TU 'i'UUUT UUU-DUjj
I Harrison Bros. &yl
I Co., Inc. ' S 1
j 1st Mort. 5LBoiias
I Due May If 1021 I
M Trice on Application. m
A THREE YEAR NOTE
Steam railroad oblbjatlon,
Morlraie on valuable property.
Good earnlnc record. f
PRICE TO YIELD 6.0596
Circular xrtfiilibed tnk request.
MELLoera petry
Members N. Y.'fe l'hlla. Stock Eichang..
SSS COMMERCIAL TUUST IIUILUINU
PUBLIC SERVICE
SECURITIES
"The dependence of mu
nicipalities on Public Service
corporations is the strength
of their securities."
CL We recommend for your con
sideration the cumulative preferred
stock of a liidMy successful Public
Service Co. erviniJ one of the fore
most cities or the South.
Ct Divulends have been paid on the
preferred -without .lapse since issuance,
and on 'the' common since 1912, thus
showing awry healthy condition.
Q 'JTicJrranchises are equitable, the
management progressive but conser3
vativc.
H, At present the yield is 6.86 o.
1, Fullest investigation requested.
B akei? Aylirvg Co.
Land Title Blcte. Philadelphia.
urg1-rr MMM)M.7j.n .. i-TiTiTWlsiM
The
Guaranteed
Mortgage
THIS Company's
guarantee fully
shields the investor from
all possible annoyance in
the payment of interest,
antL assure? that all mat
tershat might affect the
lien jh the mortgage are
fully looked into and safe
guarded.
Circular on Itequett
Philadelphia Company for
Guaranteeing Mortgages
AVIUiam R. Nicholson. President
(6) Land Title Illdf.. 1'hlladejplila,
SINKING FUND BONDS
The meaning and operation of a "Sinking Fund is clearly
described in our
APRIL BOND CIRCULAR
in which, with many other attractive, investments, are several
bond issues -which embody this important feature. The income
-from the securities offered ranges from
4.55 to.
FREE tF TAXES
The Citlularfukl be
:nnsylvania
(ashed on request.
IbwaiM B SmiiTHi &
BANKERS
Established 1892
Members New York and Philadelphia Stock Sa
Broad and Chestnut Sts..
30 Pine Ss
"
1