"wtrr-""" fi
12
EVENING LEDGER-PHILADELPHIA, SATURDAY, APRI
G.
L
T?TM AWT AT. TtfF.WQ I,
. , 1 1
New York Stock Sales
Alaska tfoM MIum
Allls-Chalmeri Mfg
Alllj-ChM Mr- pf .
Am Hpt b'us.ir
Am CmA" . . .
Am Car," tlr
; Am Tar & rdv pi
LlttlG ' Am Coa' I'rwlii'ts
am mini ., i, pi .
Am Ice Secutltle- . .
Am Llnscel
Am l.lnstvil ;if . . .
Am t.ornmollvi. . .
m I (romoUrp pf
Am .m & !cf . ...
Am 'IVI A 'IVI
Am Toliacco
API Woolen .
Am Uuolen pf
Am Zinc I, , ,m .
Anawmls Cop M
A-ocli!l Oil ,
A loli 'lop A S V
.Men Top A S K pf
Lust elo-. HUH. I.O--. Ctd.
MODERATE STRENGTH GIVES WAY
TO LOSSES OF A POINT AND MORE
Bear Traders Resume Aggressive Operations
Change in Holdings of an Important Character.
jj Stocks Taken by Cas"h Buyers
NHW VDllK. April 1
The market continued to lie left In the linnets of the speculative eletnetil on
the floor In the iialf-clnv with which the week ended. At first there a it ill-
play of moderate stren-rtli, with somo rnllles, rcflefthiK juitlnrnotloii over the fart
that no disturbing developments were lncludeil hi the WiiihlURtoti news imlillslied j
In the inornlnK papers, i
WHhln a few minutes, however, henr trrfdors restiinrd nKRt-essI' openitlous ,
flt-r HrlVrx tnnrln liv rnmltlnntlnn nt itmiril r.umi finnrntlmiu mtitvml t1.ntliioi t-ntitf. I
..., v. , .. , ,. ..-
In? from 1 to more than 2 points In nil the stocks In which thote Is ttrtU-t spei- I jijjj , S "
Ulatlvo Interest. Then came the usual cleaning tip of detks, always noted at the j HaltjA Ohio
veel'erul, by tlioso who have the habit of roIiii home without any ottlstanillnK j "alt Ohio pf
loan Committments over Sunday, and there weto also some outside operations fur . ,,''"'!'',''.',"1s,rt)!, ff
short accounts, based on the possibility of unfavorable developments nrrurilntr j ttutto ,t Kiitrl'ir
oetween tne cioso lotiay unci me opcninK on .Mommy morning,
Taken altogether, the market wns professional and the tone was Inllin-iiceil
wholly by bear hopes and ball fears There was little olmitge In holdings of an
Important character and In no case did the selling seem to onnie front Impresshu
sources.
The stocks offered wete taken by the same quiet cash buyers that have fur
nished the market on both liquidating movements and bear dilves for some lime
past, and the way in 'which rnllles occurred after low levels were established Indi
cated underlying strength and a far greater buying power than rould ho compre
hended by reading the tape.
The Important cltanges In foreign exchange Included further ndvnnres in l-.ites
to neutral countries, tho Scandinavian exchange to 30.20 and Swiss ext-luttigo
moving up to 5.18 for checks in favor of Switzerland for the first time slnee 101 1.
Paris exchange continued weak nt 6.01.
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ANOTHER SMALL 3IARKKT
ON NEW YORK C0TT0X TIIAN0E
I New York Bond Sales
I m
20S
SO' I
111 I
20'
IM'I
Spot Houses Continue to Buy Stay
and July Little for Sale
N1SW "VOKIC April 8. Another Pin.ill
market was noted on the Cotton Exchange
t the opening this morning, there being
but nine transactions on the call. The
tone was about steady, with prices 1 point
lower to 1 point hlghet.
Spot houses continued to buy May and
July nn a moderate scale, but other trad
ers were mixed, with professionals oper
ating on both sides. After the call the
demand increased to some extent, and on
only a few sales advances of 2 to .1
points were recoided. Apparently there
was little cotton for sale. ,
Private cables from Liverpool stated
that there was some hedge selling in n i
small market there this morning, and tills I
resulted In losbes of 5i to (14 points,
against declines of 3'2 to IH points ex
pected. Reports on the weather In the cotton
belt wcro meagre, those received showing
frost at Abilene and Oklahoma City. Tem
peratures were considerably lowr.
The receipts of coton at the ports for
the day were estimated at 12.000 bales,
compared with 13,562 bales last week,
.10,532 bales Inst year and 830!) bales In
1914.
Y cloft. Open. High. T.or. Cloa
Maich , 12.4T ll'.r.S li.Sll IS.33 lS.Rrt
May . II. Id ll.HII 11.IHI la.HIl ll.llll
July .. 11.07 ll.tlll lL'.ll 11.110, llMHi
October . . fJ.13 12.14 lLV-M 1.M4 1L'.L"J
Ommter .. l:MU IL'.at 12.40 is. 3 1 V-VIM
January . 1B.BT 12.37 12.13 12.37 12.13
Spot . 12.10 ... . 12.0.-,
Liverpool Cotton
"LIVEIIPOOL, April 8. Spot cotton was
neglected today at a decline of 3 points on
the basis of 7.59d. for mlduplnnd. The
sales aggregated 3000 bales. Including
J000 bales American. The Imports were
4000 bales, all American. The market for
'tttmres closed quiet at a net decline of 5 '4
&Ci points,
JUMP IN LOCAL CLEARINGS
Total for Week 65.1 Per Cent. Above
Same Week of Last Year
There was an expansion of 65.1 per
cent In Philadelphia bank clearings dur
ing last wclc as compared with the cor
responding week of last year. The total
was 21S,01677:. The Clearing House
returns from the United States increased
45,4 per cent. In the week, the total being
14,746,045,201, against 3,:6I,S35.2S3. De
tail; as. folows
miit
Nw York. 12,314, 23S.12S 11,
Boston . ... los.nim.Mi
rhlla 218.01H.772
Baltlmon .. 33 .401.9A3
Cblcaso .. 300,331.0111
Bt. Ixiul.. S4. 427,4411
N. Orleans. 23,703,333
JD15.
533.237. KM
ino.l4K.2l4 32.0
32,lin2,l)lll 4-H3.1
2K,S(17.fl07 4-22.11
243.370.3311 4-23.4
H2,im0.4lin 4-311.2
17.302.272 37.11
P.C
111.11
SeYen cities.
5 day.. 13,374,698.183 I2.167.B1S.631 4-33.7
Other cltlee,
6 days.. 643,398.742 333. 000.207 4-16.3
Total all
elite, 5
days.. ..14.020.096.025 12
All cltlei. 1
To1af.ll"
cities for
,722.515.838 47.7
725,048.276 542,310,423 33.7
week
.14.746.045.201 13,264,835.283 45.4
NEW YORK BANK STATEMENT
Big Drop in Average and Actual Re
serves Loans Larger
NEW YORK, April 8. The outstand
ing; feature In the weekly statement of
the members of the Clearing House Asso
ciation was a sharp decrease In average
and actual reserves. Average fell JH.-07-.640,
and actual J24.775.110.
This was brought about by a large In
crease in loans In both btatemeuts, aver
age expanding $40,964,000 and actual
S:S.574.000.
Details follow:
AVERAGE.
T-oani. Incraate , .4O,064,OOO
Demand depoiHa. lucreaee 4ii.18t.0Oii
Ytme deposits, decrease 2,1117,000
Reserves, decrease ,... 14.071,610
ACTUAL.
Ioana, Increase 120,374,000
Net Uenund deposits. Uiereaie: . . . . 21,037,000
'Tim deposits, decrease B,3uu,noo
JUeervti. decrease , 24,773,110
Local Reserve Bank Statement
The condition of the Federal Iteserve
Bank of Philadelphia, at the close of
business April 7, compares as follows:
BKSOURCES.
... a ... April 7- March 31.
Gold coin and certlll-
etas In vault . . 13.667.520 I5.S62.7U3
Gold settlement fund
. balance T,3So,U0O 7.766,000
ald redemption fusd. 30,000 .30.000.
Hesse itauer notes, su-
I1B.B83.4B2
I31V.35S
5.0(11.01)11
I3.r.0.til
t4.490.38S
3,303. 3U
Tr, tc.
Total reserve. . .
Commercial naner
Hank acceptances . .
Total bills discount
ed and bouflu
V S. bond . .
Uoniclpat warra&ia .
Total Investments .
Jlue rom otber Fed
eral Uer bank.
Ret ....
It'ederai Reaert priii
on hand
.Votes of nat'l banks
and otber Federal
Baserv baults
Alt other cesourcas
Total reaourcs . . I3S.T43.I
1.1,1 BIUiaEd.
PU) paid In 13,314.830
Aesurta UeposTu. ul 2S.414.48U
aawsatnuit deposits l.ltl,31u
Ait ejMiar UaWUtli 4.832
2,487.032 3.036.631
116.733.3311
1263,00.4
2.232.814
linifi AiMnn Uvpri-sn Is
22IIMMI ,Miirlo-t'r I, Ds ....
ri Amor T.-1 cii m...
"mill Atrhtan v 4 ...
Slum IIh t A Ohio .'Pas.
limn lla t A: dhlo :A. ..
"Olio Ma t Oh cv M,
3IHHI lln t Oil Hwll II'jk.
Iiiiiil llolh Steal IbI si..
nun llriiiilt Hup T fin m
4UIMI i via is it - j .-
3111111 I'lUM! ft (.1 v ,K
.101111 ltd ,-, . . . .
20(111 I'M tit West l ;
311011 fill S. Nun kii .
2MII00 f II ft (j J,u Is .
IIIKI V 3t HI ! K,. s
2IIOII ilo cv Si ....
HIIIO fol & Sn 1st In ..
1IIIIIJ fon liuH rv O. . .
3000 UN Sn' I'urn &!. .
loiio Krl. ennv In JVr A.
J ooo do conv Is tirr II
il.iOim do cv H I Is
aono nrecn llnj II . . . .
((Hill licll Klov 3s
inoo lndlnni SippI r,a .
80(10 limn Control 4n .
loon Intirli Mnt is .
2000 lnlcrli It T tcf 3m .
27IHHI Int .Mor .Mar t
j-uihi jn:i nv (i s Pin,
2IHH I U C I't M ". 31 tin
4( l.oilllnnl .-in . , .
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100(1 lliinhaltai! In
Idooii Mo Kan & t 1m 4.
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....... ..,,,,, , ,, .- (), . . . mi ..
11,11(10 Nut 1,'nnm A Stp 3m. lis',
i!!"!! 5 X A "mle ct (Ih.Iii.1
3000 X V IVnt lln 113",
I N V (lty I'.n liiili.iirjt!
Slum N Y (Ian i Is.... m,
noon .V v x 11 dll lln . ,11
11)0(1 N Y llwv mlj 3n. ...fist
2.tooo Nort & Wrst In ti;iK
20(10 .N'nr 1'nr prior In.. . n.i',
(loon Nor I n (ton ,1s ... mil,
Cliiou l)ro llw tc N con Is 1)2
looo (ire & fni r,n 1oi4
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tiiiM, i-cnii i tn i ',n
111 ill I'ort nml Itv ., ':m
lioiill Kepui, ,-,s Hint .
1 (Mid Hep Ir t S 3.
MIOO Hoik Jnlnnil rfd In.
nunil Hock Inland 3n.
f.OMII lit.. U,l Un.., -.. "I
V..,,. i. . ....'.'." ' '!' " ;"
,,,., i i,Lrri(i i l ni.i in iui..
3000 St Louis Sivil lnt In TS"!
200(1 ScuIjohiiI A I, lldj 3s nil
12000 South l'nr rv la . SS
70(10 do cv ret f p 3n . 1II4S
ililoo Kouili liivj Ken 4n. To.
1011(1 Mouth Hwy enn r,H..I02:l
liiiino south llvi o ia 7itJ
2(100(1 Texan Co On In.-,
30011 Third Ao lulj 3a .. SI'.
IIIIHI If S Oov res In 11
20011 f H Strpl Sn nf.. .HUH
1011(1 Ulsinr Del 3a . . IIHIK
loiioii Union 1'nc rfd Is.. !iiij
20110 tTn llivn S K Is .. 42'
JIHKI Went Klect 'l Sn. 1.11 '5
Ml
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112
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I2!'X
71'J
Ii-AHGK KAIL PRODUCTION'
Increase of Quarter Million Tons
From Americnn Jlills in J915
The total production of steel rails of all
hinds in the fniteil States In 1013 iwih
2.204,203 gross tons, against J ,915.005 In
1014 and 3,502.780 In mill, according tn
the llgures compiled by tln American Jr-in
and Steel Institute. The record year was
190fi. when 3.077.SS7 tons uern produced.
Of tho 1915 output. 1,775. 1(58 tons were
by the open-hcarth process, 226,932 by the
Bessemer and 102.083 were rerolled.
In the State of Pennsylvania laht year,
694,515 tons of rails were made, as com
pared with 592,532 In 1911 and 971, S20
In 1913.
NEW YORK CURR
in.ii.
2M
-"
J?
Aetna
-Am int do ...... ;..r.!;.
Amn Maro
iir-Am T ,....!.
Ter lyTidSco
Chtn rolet
Curtis Aproplatit .. ...,,,
Uubi funn Hucar ,.
do pref .....,.
Hondeo, ilanufacturiiikf , . , ,
V (1 Salen . ,
Ma w ma Cop
Mi.vui ;;:;
.Minla-ilnfi-
Otis i:Mator
Uo pref , ,
Peerlns ,
Itllter.H aire man I K,
SterllUK Hum l -Si
Submariiu 3.1 1
ft!.
ift
37
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113
111
23
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Anli.-il
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1:3 u
(15 1 3
2r
nn
P
ii.iH,
.iiit,
Uiitleilck Co
al IVtioleuni .
Canadian l'-clflc
Crtilral U'alher .
dies A Ohio ...
Chlta Copper . .
Chlim Copper
( hi Mil A St l .
hi it A St I' pr
( III II l ft IM- .
f.'ol I iiel A Iron
Col A So'Klieiii
fonsolltlateil (la- l;!5' llll
Corn 1'iodurls ltd . 201, 20).
Cturl!(I" Slii-I. .. . (Jt.'f 01i
Criirlble Mi-el pf . . Utji, IKi'i HOJi llt)1-
i no.iii-ini sucar. .avt --go
l)enrr A Hlo (ir . il'i ()i
Detroit 1'nltisl lty . :i lis
Distil Sis- Corpn .. . .ir; ts
Dome Mine.-. . .. " 2
Krle :iO'i ail',
tlner.tl lrttlc WW- 100
(icncr.tl Motor- pf . .HO nn
Ciooihich II K 77i 7.V
(Ircene-Cananci ts1,' I'j'i
Orcat Northern pt laiJi I20ji
(I N rfs for ore prop . rt'i Itl'i
(lUKCenhcItn Kxpln . . . 22 22
Intreiwll-H.ind . . .275 2MI
In' Con Cor v I e sli . 17', 17' ,
lnt Con Corpn pf . . 7;t 7:1
In! Paper (ii
Int con Cop (i, in',
lnt Nickel v I eh.. .. s't U'S
lnt M M pfe or dp .. 21) 20'
Int .1 M pre or dp .. 7.'1'.' 7Hf
Kan City Soulhi'rn 2ti' Jti'.i
Kellp SPK Tire 7M'i 7Hti
Kelly Spg Tlru pi... . (17 Mil1,'
Krnnerntt Coptier .7 o7'i
Laclede (la- . . . . lll.Va 10C
I.un Itnbber Tire fil', l
l.etiisli Vallov 77'i 77,'i
Lto'lt A Mjer- 217 2lti
M.mhiit Kiev std . . -j I2!''
MiiimpII Motcr-f 721,' 72,',
Mat Motors 2d pr M', n7 .";$
Mexican Petroleum 1()'J1,' HO', 10!
Miami Copper ,W' 3S)i :1b','
Mo K.in v 'IV ws . . . 'Mi :i' :'i
ilo 1'ac tr cfs Vi !!, -I','
Montana Power 7!);i 70' 7il
Nat I'nam A S Co.. . 2.", 2,"i 2l?i
Xi'v Con Cop I0'i 17' Ki'i
N V N II A 11 0I4 O.'5'i fi2?
u York Dock . ()'i II) 10
N Y C A II It . .KKl'i 10.'(H l()2.;i
N Y () A tt'e-t ... 2h' 27'3 27' i
Norfoll; A Western. 122', 122 121!t
Nortolk A West pr . vj j,j, S8
Norfolk Southern 21 20-i 20) a
Nurlli American.. (si OSW 'iS
Northern Pacific i i.T 11.1), ll.'P-
Paciric Tel A Tel .. 31 ,'!1 ,'il
IVnns-lvanLi It It . .. ,')7W .".'J 0','
Peoples Gas Chi HW, 104 103s,
I'hlladelpel- Co 18', -lajj 43',
Presied S Car Co .... .-it!f "2 ,'i2
Pullman Co Ifij 103 Jfi2
Hy Steel Si Co pf. . . . Do', !l(l Ml
Hay Con Copper 23'i 24 23'f
Itoaillne S-Hi K-l!,' S-l
Itepubllc Iron & S SO!, 501 .'itl'j
Kcpublic I A S pr. . ..10'J 10S"i lOS's
St Louis A S F 2?, 2', 2!i
Miisrai -r .'i', a', :i
bcaboard Air Lino. . . 1''.
Soars Itoe A Co 177'i
hh.it Ariz Cop 34U
Sloss-Shef S A I S(J
."outhern Pacllle DTi
Southern Ity 20'1
Southern Ity pi M
' Standard Milllnz OS
Standard Mllllns pr . . b7
btudebaker Co HHi"
Studebaker Co pr 11H5
Tenn Copper fi24
Te.tas Co 10fl!J
Texas Co rights 18' ,
' Texas Pacific 10
Union Das A P pr 20li
i United Clear Stores... 03!i
j Union Pacific 132)' 132' 132
I Union Pacific pt 83 83 S2JJ
. U S Ind Alcohol 1C3 10,'W 160), 101Ji
I U S C 1 I' A" F 21?i L'Uf 21 21!i
United ITult 117)5 147 1 16'X 147
U S Rubber filJ, fc 51 51U
USStecl Corpn Slla S-lii S3'f 84)4
i U S Steel Corpn pf. ...1171' 11711 117Ji 117i
l S Sra J! i It 72)5 72!f 71),
V S S It A II pi .,2'i .52'i 523
1 Utah CopWr 81)i h2'i
. Va-Cani Cheni 4 i 41
! Wabish IS 13
1 Wabash pr A . . . . 451' 4S)i
Wabash pr B 27Jf 27)i
1 wens Karso r.xp
I West K A M
western -Maryland
2,
;i',
is
177
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S75i
WHEAT OPENS FIRM,
BUT SOON WEAKENS
May Falls a Cent After Half
Hour's Trading Septem
ber Drops, Too
CHICAGO. April S. There -a. further
liquidation In the wheat market till?
morning and after a display of firmness.
In the Initial trading prices weakened. May
Marled at tl.l74 to Si.lf'i nRnhul
$1.17 's nt the end yestciday. and before
the end of the first half hour sold down
to J1.16S : .ttitv opened at St. 16 to $1.16-,
aRiiinM $1 IS'i at Iho close yes.leid.iy and
dropped to $1.16 and September opened
nt $1.1 1 'i. compnied with $1.1.1', al the
elo-e PRtenlay and fell to $l.1S'i.
Tlieie whs snow In the Southwest and
In the (Hiln Valley.
Tlic iniiikel nt Liverpool was dull under
piessuin. liccause of llbelitl alllvals.
Wolld's stilpini-ntM for Hie week were
expected to he kiri-e.
Tin- lerelpls at Minneapolis and Dullith
toilflj nele :!3H cats nsalnvt ItlS enri
today ncie 330 chid, HRalnst 103 cars
with 2 mis: at Winnipeg 478 eats, com
pared with 2,1.1 cuts.
Corn was easy on selllhK hy commis
sion houses and leporlfl of n continued
IlKlit tlemaiiil for tho cash artleie 'I'lie
maiket at Liverpool was fltni. The ic
celliW here today wete 121 rnis.
oats ali-n HPte easy. Tile receipts heie
tod.ty t-eii' SO cms.
Ves'day's
Wheal Oi-n. llloh l.mv. Noun. cl"e.
Jlni . I IT', t.17', 1.1,-.', I in;,-t.i7,
.lull . I HI. 1 I'l, Mil. l.l.lMt.t.Vi
HepleniLer. 1 . i 4 U I H'i Ml', Ml, t la.
Corn 'neiv itllier.vl
Mm 7..;, ;,,- 74, ti"; t7r,.
,llll . Til", 7HN -11 -11 J, 7UJ-
Heptenilier M', 7i 7.1 ' 7.1 711',
tints
I .mil 1:1'. 4 4:1'. int. tin.
SaleB in Philadelphia
m
Itlsh.
Amer ltj pref :
Hurt tr Sn,' t c 14
ilu pref HO
Con T'-r N'J "I
Klec HtornKe . (lli
Ins Co N Am L'.l",
t.ako Sun Cor 1 0 Si
10
KM
IS
X
11
T,0 l.ehnh Xki
tn
7.-.'.
5IM
19(1
17Ji
103
2915
03
132J1
82X
Wheel a Lake Erie..,
WoolHorth F W ,
12SU 127
. OIW 61
32 32U
. 3 3
.123 123K
81
14
14
45
27);
127
03),
31! i
.'I
123
521X
S15,
It
IS
45)
27)i
127
fiHK
32Jf
3
123H
BANK CLEARINGS
Hank ilearlniis today compared mlih corre
spumlins day last tun 'ears'
nun. iiu.1 inn
Phlla .. lail.dii.'joT 123,11.11. ins Jin uvi.ss
lloslun . 3U.1IMI..1U.1 :.1.3l3.n7ii 2I.HUI 1011
GOVERNMENT BONDS
registered 1D30
m rnnnnn 11110
;is regislereil 101S . ....
:i, loupon HUH ...
'b relflstereil 1025 ....
Is coupoa ln1
Panama 2, registered 103(1
Panama ", reststered I03H.
Panama 3s rrslatered 10(11.
Hid.
'10 "
1104
llll 't
101
lin-f
1UH
iinv,
104
Asked.
100 U
102 '4
ii.ilH.1Ti i
x.awMii
II.70S.4Sl 17.-3tl.Sll4
13.172. 37
m.irtfi
-llSIS
l.bM
(11.
12.tJ2S.26a
11 J. 703
I5,21',SS0
27.13J'8
310.0411
325
TC lUUllllcs 13-'.71'-1 IJV.Cil-'.Ml
nxr.uxauv ois accooktant
CijttsVJ I'stUis AttaaaUM
ijLfMMtfC" y- JMOWci CO.
Pittsburgh al Company
(of New Jersey)
Plan of Readjustment
To the Holders of the Preferred Stock and Common Stock of the
Pittsburgh Coal Company (of New Jersey) :
Although uaicnla to the proposed Plan r Keadjuttment have been
rervhed fruni the lioldrr. of more lliuu eldily-tii n per rent. (B3'o) of the pre
ferred stock anil more than riiclity per rent. (HU',1 of the common stock,
the committee, In lien- of the delays incident tn communication with foreign
stockholders, anil In order to be assured that ull stockholders Iists been advised
of the I'laii and had time and opportunity to act thereon, has extended the
lime lor further depomlts of aeuts to April 30. 101B, and. In the meanwhile,
defers calling for the actual deposit of (lie certificates of stock.
Stockholders holding certificates of stock not registered on the
books of the Company in their own names are requested to communi
cate directly with one of the Secretaries of the Committee in order that
they may he kept advised.
Assenting; stockholders u,ume no personal liability for any expentei, and
are free tu deal will- their stork In ery respect as if (hey had not assented.
'S",,r '.' p,!an '" declared effective and their stock Is deposited, all cash
dividends will be promptly paid to them as declared, and they will be entirely
free to dispose uf or otheri,e dray with their certlllcates of deposit.
Stockholders having any criticism or objection to the Plan are
requested to communicate their views to the Committee in writing in
order that the Committee may give consideration thereto.
Copies of the Plan, information as to the advantages thereof, and
forms for assents to be signed by stockholders may be obtained from
any member of the ConiBiittee or from the Secretary or Assistant Sec
retary of the Committee.
not MVrkibluAV"t',""l)f " " """ """-" "'"uU W,,U
AitO-w sjjl tammiirlaatlans to
F. J. LsMQYJ-E. "
Sec-star- of the COUBlltee.
usury w. ouysc iluUdlo-,
Pittsburgh; Pt.
or to
HOWARD C B4UU.T.
Asslstast SsrrsUrr,
Si Broad Sire!.
Kw "fork city N
J- D. LYON
A. W. MELLON
GEORGE T. OLIVER
J, B. FINLEV k
HENRY R. REA '
JOHN I. BISHOP
A. J. MILLER
HARRY BRONNER
Readjustment CommitUa
in.
in'
III, III', 4llS
Helilenil.el
i.aru
Jtn.i It 17
liily It (17
Septemliet 1 1 7
itiij,
.l IS I'll 12 2.1 12.20 PJ '..' 'ta.'JII
i.. in i-.ai l.. ill i.'.ai
1 1 r,o ti i.i tl r,n '11.47
11.70 I l.in Ml. H7 II. in
II '.in 11 NT Ml llll 'II I'll
.lull l'.'M
Helilrlnliel
Tori.
Mm . (2.1 In
.lull- 'JL- 7.1
Illil tAlkcil,
L'.l.lll 23.IU
I 'J
. t2L' llll
Financial Briefs
The Hank of .Kngl.ind repoits the
amount of ottrienry notrs nut-dmi'llnE as
10J,n07,i.Mfi. ngiilnut 100,310.1)flt last
eek Tlic amount of Rold held for Ilia
ledeiiiptlnn of such units miialns nt
fiis.rion.ooii.
I'ommcrcliil fnllutes this week In tin
1'nlted Stales me 3t2. against ,181 last
week, !!8d the preceding week and 17"
the roriesiioiidlnir week Inst year. Full
iiics In ("onada number "", aKainL 40 la-t
week. :!S tlic pieccdinR week and S& -la-,t
ea r.
Copper oxpoits fiom the Atlantic port
for the week ended April G total 1430 tons;
Klneo Apt II I, 1103 tons, nnd M OS tons
for Hie same period Inst year,
Howard Cooper Johnson has been ap
pointed by the court to audit tho nccountn
of John A. McCarthy as iccclver of Woelp
per & Co., nnd will hold a meeting to
hear and adjust claims of creditors on
Monday, April 17.
Northern Pncille'H estimated gross earn
I UK" for the month of Match weic n,
010.000. an Increase of $1,139,000 over
Maich. 1!15.
Comparative results of railroad earnltiRs
for nj loads during the fourth week in
March are estimated at $20,091,436,
against $1G,-.'77,7J0 In 191D. an Increase or
$3, SI 6,716.
HEATING
HOT WATER
VAPOR
STT"Ar ji
flJ.MARGULIESlcO,
W
125 So. 5th
PHILADELPHIA
Bath Thorns
tun
!I8
70
no
.Hill
n.i
I'm
;iiii
in
.1
l.io
Irfli Tr pf.t. 4.1
.ev I 'on,,. IT'i
IVtipn 11 It . .17 'f
t'llllll fo.. 41
'lo fill of 0 p r I'J
rutin Klee a?"
P H T tr rtr. is",
Ptillii Trne . . 7TTt
lt-illnc .. .. "t
Ton li-lmimt . 4",
Ton Mining n
I'nlon Trne i:t"t
IT tils Imp is;
V 1 Steel. . S4l
W .1 -. H S Hi
( 'rump ft H II8,
ItO.MiS.
.inn Am (I X V.
Itlch
IIiikiii
;inn
-.'illKl
MIIMI
"(10(1
'0(111
linno
n li
llll. I, .1st .1-.III1',
11 J-I'lr l. HI .
, V el n, m. oii
M Cn k 1"ii-.i0J
'.nil. .15 4... ha. .
Ill OS. ,,!,
:- im1.
fork II
1.01V.
110
4S
.Vl"
70'-,
fit '4
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to'
7.1U
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tit,
42 J.
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HS,
-til's
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on
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Net
etme.
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MS In
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rii
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- t:
BUYING OF STEEL CONTINUELARGEt
BIG EXPANSION IN DOMESTIC -TRADE
Considered Likely That Prices of Rails. Will Be Advanced
After May 1 Stock Exchange Admits New Lehigh
Valley Bonds to Unlisted Department
'ln-e
.m'.-
ln:S
Ml
ni".
Inj
"'.
711,
!lll4
Net
ilise
Local Bid and Asked
lion .( Hii- t e
Jo prrf
.1 II Brill
ll.ildivln
Uo plef .
J.lectrir Storniie
(leneriil Asphjli
do pref .
Ke-ctone 'IVI .
flo tr rtln
ilo prof .
1, li' JUm I 'nip .
l.ehtlth Nv
I.ehlitll Vnl
Lehisii Vnl Trail
tio prer
Pennsitlanlll
Phll.i Illeetrlc
I'hlln IV
lln 1 per eeiil. I ref
ilii i per tent, pref
I'lilli-. Ituplil I'm n t
ItnldltlB
Tnnnpnh lllinnnt
Tunnpnli MlnlliK .
tlnliiti Traillon
I'nlteil CiitH Imp
II S HIpcI
Vork ttnltnHv
III pief
Win ( rump t e . . ,
Toil.iy
Illil .r.r-.
if i.
Ye-lerilax
lllrt Asked
.1!ll, lllll, .in',
.,: l
Illil Inula
IIS lll'.l',
,,.i- .,.,
nil
!'.'
ii
lln '.
10',
,.
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1-7
II',
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aaii
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IS
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1 1
1 1
711
III",
7r,'s
7S
ill1
10
IN.
HI,
.M J'
:iii",
Ml
LOCAL MINING STOCKS
TONOt'AH (TOCI-f-.
.Illil duller
MieNninaro
Mldivnv
MI-puli I'jctennilitl
Atonliitia
.N'orllirrn Slnr
Tonon.ili llelniont
Tonopiili K-loii-liin
ioiiop.111 .Minlni- ;
llescue Klllu
1Vet Kml ; " ;
ii)i,rn-'ii:r.n stocks.
AllanlK
Mine Bull
llootli .
nulldoB '
c o o i . . . . . ;
(tiiinblnutlun Vrscllon
Olainomlflelil Jl II
Dulsj
Klorenco
(Jolddelil Cnnaolldaled
UolilHeiil Merirer ....Ii;!!
.lumbo Kxtrn,lon
Kowanas
on :..;;::.;
Mnrl I.--.. ......... ...
Silver Plrk , '. '. '. '.'.'.'.'.'.'.'.'.'.'.',','.'.'. ',
MlROIl,t.ANl-OUS,
1'nlrv Azteo ,
f-niberlv
Nevada lllll " . ."
Arizona Uti '
Nevada Wonder '.',i
Illil
.PI.
.Hi
I'T
..10
.17
V.i
.in
.0.1
.in
.in
.on
.H'2
.0)
.4'J
."X
.i:t
.71!
.1.1
.114
Aakeil
ill
II
-i
Mil
:i
in
4-t
r.U
it
-p
,7K
112
02
,1
37
2.00
EMPLOYERS OF LABOR
l.onr f-D-rltnce nnd rareful ,udy
ol the preient lav enable tn to
offer joii . efficient SKIIV1CB In
(omprnsntinn Iniurnnre'Tv, re
qnlred by the neir stnfiilrsi .llr
serrlres are nt.jour Sl-IWluF, Xo
charjo for nirjic-t.j ConsiUtjSitn
HARRISLtATTA
PcnnsyWama Bldg.
UuyltiK of steel durin-; the last week
has shown no let-up and otders talten by
the makers havn compared fa-orably
ivlth those of Hie Inst two months Some
large steel Interests pay that the deinaml
since Hie flint nf the month, if anythltiR.
lint been sllKhtly In excess of llml In tho
"iicvloiis two weelts. Steel men Renerally
arc bIiIpk consideralilf attention to the
domestic onil of tho business, which lias
n,ssuined large proportion- and Is now
calllin- for a sufllclenl tenuie to tal;e care
of the Imiiiedlate capacity of the slccl
mills
In nddlllon, lininlries fiom Kurope con
tlmio large, atul this is especially true of
loutuls for the mnnurncliire of shells for
1D17 dellvciy. Tin steel maUprs, It Is
said, aie nheady crowded to such an ex
tent Hint they -'111 bo unable to flll'lhese
Inquiries if they result In nptu.il con
tracts until late next year f)n this busi
ness the question of price is not receiving
any attention, but the matter of dellv
etles is the feature of these Inquiries.
Kailtoad bu-liiir. as far as can bo
learned, lias been somen hat smaller than
recently. Home big business In rails is
lieudinrr and will probably be closed soon.
Most of the material on these contiacts
will be for delivery In 1D17. as the rail
makers nre booked some time ahead nnd
there Is not a great Amount of tonnage
mailable for this year.
II Is considered altogether likely that
an iiihuiii'e In the ptlce of rails will bo
made by the leadlnir interests after May
1 next, and theru Is no doubt .tliat this
will lie followed by the Independent mauti
factuiers ulio have been wllllnc for sonic
time to put up their prices. It bus been
maintained that the higher wages belni
pald lo workmen and the abnormal level
for ferro-ninngnnese justifies an advance
in lulls.
The Stock List Committee of the Phila
delphia Slock Hxchangc today admitted
to the unlisted department of tho ex
change Drexel & Co. receipts, deliverable
when, ns and If Issued, for the new Lehigh
Valley Hallroad general consolidated mort
gage P- per cent, gold coupon bonds due
May 1. 200". Announcement was made
yesterda.t that the $10,607,000 Issue had
been taken by Investors. The first bid on
the bonds was 101 14, and the first ftsked
price 102. Later the quotnllon was
101'JSf 101 ',. None of the bonds pold.
Trading1 on Hie Exchange todaj was
again of small proportions, with price
movements irrcgulnr. Ihiffalo nnd Bus
dtiehantia common rose a half while the
company's prefer! cd stock declined .
Cramp slock was unchnnged. tts were Ton
opah Helmont and Tonopah Mining, de
spite the slight advance Hi the price of
bar silver both In Ncw York and London.
United Clas Improvement rose. small
fraction
KATES VOll MONEY
New Vork
I'lillnilclnliln .. .
llniton
Ctiieatro
Cotnmeri ial paper,
phla, 3WB'i per eent
fall.
. 1 ", (i a
. :i fta'i
! ii'idM
a to (l months,
Time...
i lii,
I'hltadel-
Tax Exempt in Pennsylvania
WE OWN AND OFFER 1
Reading Co. Gen. 4's, Jan. 1997
Beech Crceh R.R. 5's, July 1936
N.Y.CcnlSH.R.R.R.4's,
Ma19
Penna.Rlmlucni's, Juno 1965
Penna.R.RtCons.4ifAug. 1960
AileghcnVaIIeyT(yT 1st 4's,
March 1942.
Particular- on application.
A. B. Leach & Co,
US fiOUTH FOUl-TII STRRDT
Hell 'I'hono Lombard 257
rtr lork (lilcnuo lln, ton Ixinilon
West End Trust Company
March 30, 1916
Call Locins
Time Loans
Bonds, Stocks, etc. .
Mortgages
Banking House . .
Cash
i i
Capital .........
Surplus . .
Undivided Profits
Deposits
Resources
$6,074,809.51
-.- ...... ... -. . Tb.7o5.uU
I t ,f.. . 5,882,645.65
r. . . . .. -.. .... 127,000.00
.... T....j4. 1.000.000.00 '
.. 868.0GG.81
7 s
$13,529,256.97
Liabilities
$2,000,000.00
1,800,000.00
261,374.39
9,467,882.58
()
$100-6-Bonds
Charles JiB(ndi-r & Co.
INVF.STMI-.N'r'TinNn'-
Members Dilfidslphla Stock Rxchsnr
north American bldg.
$13,529,256.97
Trust Funds
Individual
Corporate
$5,361,299.15
40,811,000.00
Charles B. Dunn
President
Charles E. Wolbert
Treasurer
js f " O :
r '' $3,000,000 j
"WHITAKER-GLESSNER CO
FIRST AND nEFUNDINQ MORTGAGE 5 SINKING FUND QOLD BONDS
i
Due April 1, 1941
TAX REFUND INX PENNSYLVANIA
First mortgage on substantially all property of the Company (aufr
Ject b part to $700,000 bonds to be called
1, 1916.)
for payment June
Company, and predecessor company, in successful operation for;
nearly half a century.
Company owns five lonpr-establislted and successful steel manufac
turing plants, including the plants and entire capital stock of
WHEELING CORRUGATING COMPANY. ,,
Property appraised at $7,000,000. Total net assets $13,13319944
or more than 4 times these $3,000,000 bonds.
N
Net earnings 1915 nearly 8 times, and for last fr
aged 5 times these interest requirements
Sinking Fund, beginning 1917, retires at least
issue before maturity.
Price 98 and interest
years have aver
6 2-3 of total
BOSTON
LEE, HIGGINSON 4 CO.
43 Exchango Place
New York
HEWLETT A. SEALEY, Philadelphia R
jpresentatlve
Land Title and Trust Building Telephoned Spruce 2992
CHICAGO
The statements contained herein an nnl srusrsmlss hnt . -iaA,t
which we believe to ba accurate and reliable, and upon which we
mesa securities.
J
,
on Information and adrle
havo acted in purchaaln-r
i
f
1
A
a
r-
"V ' yj," '-"Tl.
V '