BTEttlNG- LEDaBR PHIL'ADELPHIA, THURSDAY, 'APRII. 13, I9l6
j
s
FINANCIAL NEWS
iJAEKET FILLED WITH RUMORS
;f AND PRICES DROP 2 TO 3 POINTS
j liquidation on Larger Scale Than Any Time in Last
t Few Weeks French Exchange Reaches a New Low
Mark Demand Sterling Unchanged
NEW YORK, April 13.
The market was fitted with bear news from the commencement of business
today and those working on the short sldo had plenty of Incentlvo on which to
base their efforts to unsettle long holdings and depress prices." The "rumor com
mittee" was hard at work furnishing further reasons for selling stocks, with
most of their efforts directed toward attracting attention to the German diplomatic
ltuaUon.
One of the rumors was that Ambassador Gerard had been recalled, nnd this
rumor was perhaps the most Important factor In causing a nervous tone and
unsoiuing values. i'UDiicniion in mo morning papers or inc text 01 ine uarrnnza
note also exerted a disturbing Influence, especially on stack of companies holding
property in Mexico, American Smelting yielding more than 2 points to below
pat before noon. Losses of 2 to 3 paints were sustained Iti'tnany other industrials,
including Baldwin Locomotive, American Zinc, Industrial Atcohot nnd Mexican
Petroleum.
Liquidation was on a larger scale- tiian nt any time In the last few weeks,
with four large commission houses netting stocks In substantial amounts all
around tho room, and It was thought that most of tho selling" was Inspired by
Washington. Interests usually committed to the bull side had llttlo to say that
no resistance was made when bear raids occurred.
In some quarters It was thought the market had become one-sided and that
the Bhort Interest will soon become overcrowded. It had been Insisted untij
today that a break with Germany would bo followed by nn ndvanco after tho
declines following tho first news, bat no ono seemed to recall those predictions
when the declines were In progress.
There was' a further decllno hi French exchange, French checks on Paris
selling at 6.06 nnd passing below tho record of 6.05, made last September. De
mand sterling continued unchanged ut 4.76.
No Date Set for Payment of Missouri Pacific Assessment
NEW YORK, April 13. With regard to tho statement In tho morning news
papers that Missouri Pacific btock had been assessed $50 a slinr,c and that the llrst
instalment of $10 must be paid today, It was learned authoritatively today no dato
has yet been fixed for the settlement nor nny decision made as to whether tho
assessment will be paid" In Instalments or otherwise. Satisfactory progress la
being made with regard to the matter, a largo majority of the stock and bonds
having been deposited, but It Is expected that It will bo somo time before tho final
details are arranged.
Icy-Hot Dottle Co. Declares Extra Dividend on Common
CINCINNATI, April 13. The Icy-Hot Bottlo Company has declared an extra
dividend of 10 per cent, on the common stock In addition to the usual quarterly
dlvldonds of 1 per cent, on the preferred and 3 per cent, on tho common stock.
COTTON BUSINESS IS SMALL
AGAIN AND PRICES DROP
German Crisis Believed to Bo Partly
Responsible
NEW YORK, April 13. Liverpool was
again a seller at opening on the Cotton
Exchange this morning and this, with the
supply from Wall street of tho late op
tions, caused the first prices to be un
changed to 4 points lower. Business was
small, there being a tendency to hesitate
about tanking commitments, due, it was
believed, to the German crisis and expec
tations of selling pressure to be brought
about by tho liquidation of tho May option
within the next week or 10 days.
After the call the market continued easy
and the the end of tho first 10 minutes of
trading near months showed declines of 3
to 4 points from the start, with late posl
tlons holding comparatively steady.
Weather conditions in tho cotton bolt
were favorable for the crop. Cloudy
conditions prevailed In the West, but
there was no precipitation. In tho East
It was clear. Temperatures were higher.
Liverpool was due to come ii to 2
points lowor, but at thS time of our open
ing prices thero were unchanged to 12
points higher. The market was stendy
with little business being transacted.
12:30
Tea. Clone. Open. 11 a.m. IS m. p.m.
Starch ....l-'.BO ia.47
My 11, 83 ll.S'J 11. HI ll.M 11.84
Julr 11.07 11.00 11.0(1 1S.0I) 12.00
October ....llMH 12.1B 12.12 12.111 12.1ft
December ..12.58 12.20 12.27 12.30 12.K0
January ...12.34 12.31 .. 12.38 12.38
Liverpool Cotton
" LIVERPOOL, April 13. Futures quiet.
-Vi to H points decline, aaies, suuu oaiei,
including 7400 American. May-June,
7.S6d; July-August, 7.G2Vjd: October
November, 7.36d; January-February,
7.88d.
FOREIGN EXCHANGE
NEW YORK. April 13. A new low
record was made for French exchange
this morning, French checks on Paris sell
ing COS, passing the low record of 6.05,
made last September. Italian and Swiss
exchange held a strong tone. Rates were:
Demand sterling, 4.76 7-16; cables. 4.77;
French checks, 6.06; cables, C.05U ;
relchsmarks, checks, 72 Hi cables, 72 ?i ;
lire, checks, 6.45; cables, 6.44; Swiss,
checks, 5.17 ; cables. 5,16 ; Vienna, crown
checks, 12.45; Stockholm, crown checks,
2J.85; pesetas, checks, 19.40; guilders,
checks, 4:i i cables, 42T ; rubles, checks,
30tf.
RATES FOR MONEY
Pall.
Nstr York. lf.gS.,
Pbiladeipbla 3 OaK
Boston 3
Chlcajo a 4
Commercial paper. ,3 to tt months.
pnia, ouott P
per cent.
Time.
. Ki,
4
4
1'hlladel
m
Reserve Banks' Discount Rates
10 or Over 10 Over 30 Over 60
leaa. UP to 30. UP to 60. UP to 00.
Hasten S 3H 4 4
N York .. 8 4 4 4
Philadelphia. S, 4 4 4
Cleveland: ... Sri -4 4
Richmond .. .. 4 4
.Atlanta .... Sfr .4 4
Cntcatto .... 3ft 4 4 4
hi. uouia ... a 4 4 4
Minneapolis. 4 4
Kansas Clf '",' 4
' "Its
4 4
4 4U
-XfflehX TrtBe rertOiancee. Com-
vu. moony.
, Over 00. Up to B0, 00 to
Uoaton :.... 4 3Vi 8
New York .. 6 , S 3
Kllaoelpbta. 4H s . 3
Atlanta .,. S 8VS
rmcaca ,,., 6
St. Louis ... fi
Minneapolis.. 8
Kansas Cltr. S
TlAllsA
Bah JTran... Stf
8
4
4
4
m
3K
3
SB
TT to 80 davit nvp Art in AlY A n mm
oyer 60 to 00, j pr cent. and oyer BO, 0 pr
GOVERNMENT BONDS
Bid. Asked.
a coupon 1030 ..,,,. ...... fl .,
3a coupon. 1818 ...,,,.,..,.,.,1014
44 mrfatsred 1825 ........... .110
u coupon iv-a .,,,,,111
Panama 3 reststcrad 1828 ...... 09
nuiu sa ragisterea ipsa ..,,,. S9
. ,,iUJ?
102 li
ruumiti reslaured 1861 ,.,...102j-
sw.i cvuwu
DAIRY PRPDUCTS
OTESTERDAT)
n , marktt . reported berenltb sins
naiaraar'si cuslsx prices and not that af
tka aajf el publication. Todar'a prices are
ssU4 U t&e NUfct Extra KJllioa nt tnU
Bauer sad all auccefello adJtlooa.
BUTTKK The market maintained a firm
too and prices, advanced 1c- under atroncer
resorts from other points. Buyers were dis
posed to operate cautiously, but demand was
tultclint la clean up closely all offerings.
Medium grades vero particularly scare.
!" were In small supply and firm, 'sough
Autot. Print adyancai 1c, with demand
Wealtrn. fresh, s
S(ala, 40e,(
IaAci 2a27c..
fif
titi, fresh. coUd-packed creamery, fancy
i. 386400, ( extras. t3c.. extra flrsts.
as. ooaoKc. ladle
irby
Oct
"3-
357 averajfe. extra, 40c t do., flreu. 31
arsfda, d3Ic ; SMClal fancy prr.
noT
w at
tip
There was a sood demand for da
tes stack andl tha marker idvatuu.1
I case, eloslna Crm irtlh supplies well
un OuotatlOoa
by extna. 23c per dox. nearky tints.
$ fit pet- Ukij nearby earraot relpu. I.15
Far Peni -r jir. ,v--.vr wzz.;
is. aaVra ante. 18 k PfT Mttj & nU.
mm. V-,, .Ja" ireeriiii saa
L vm Jgniaa a iiifsw lc .
New York Bond Sales
131000
limit
3000
-noil
27(1011
1 '.'01)11
43000
41!000
IO0U
10UO
300(1
3000
100(1
1 1JIIO
r.ood
looo
i;oih)
1.10011
1000
0.1000
f.ooo
30000
7000
r.ooii
301)0
4000
l()(H)
I'OOO
L'000
100(1
L'000
12000
r.ooo
1000
1000
12000
I'OOO
eooo
1000
1000
3000
1000
soon
7000
4000
nooo
jooo
10UIJ
AnBlo-rrcnch Ss . . u.l
Air.er Tel clt 4s ... !I2-
AtchlBon Ken 4)t ... lit
Halt & O bwii :i'in. iio'i
lletr SteH rM Oe ..lolS
Unit A Ohio As KloS; j
Con Oovt Ss w 1 '31 lilS
iln 10211 (in
do 1021 Diik
Cent l.eHthcr 1st Bs.l01,
-iu mi yeai -is -?
t: H fc Q Joint 4. . . IltH
C II & q III 4s 0.-.4
o M . St l cv r...ln- l
Chinese Oov Huk 5 72
Cumuerlnnd Tel r...l()0'
Den & Itlo Ur 4s.. 78
Ils Secur Corp Oa.. 74U
Krle conv 4s Ser A. . 71
do con 4s Ser D vl 834
Hock Vnl 4 4s ..... lis
Inter Jler M ct 4 '4 s, 07 i
Jnp now o S 4Mb.. Ko'
Kan City So Ss 02 '
Lie il T .Is 10H, 1
Lorlllnrd ."i .......lot
Jtlnn S I 8 S St 4s.. 02 ?i
Ho Kan T 1b 4h. T.'I
do rfd 4b r.24
do Eastern 1st 4a. 7(1
N V C II Oi HHJi 1
d" "is 82
do IHb 1)44
N Y City 4i 100I.102I 1
N Y Oas II ! 4s. 84
N Y N II & H (Is. . 114?l 1
N Y Jtwy ret 4s. . . . 78ti
N v Tef con IViB.. Oil
Nor Pac prior 4a... 03V4
I'enna een ct 4V4n...l0lts 1
Penna 44a 1021... 102 1
Public Serv N J 5s., 01;
South Pao rfd 4b... oo
Texas Co cv ! ..ID.'i'J 1
Toklo Rs 7Kt(
Union Tac 1st 4a .. ti7
Union Pac rfd 4s . . 00'5
Wnbash 1st 8a ... 104H 1
PHILADELPHIA
MARKETS
PROVISIONS
The market ruled firm with a fair Jobbing
demand and somo kinds were a eSiade higher.
Quotations: city beef. In sets, smoked and
air-dried, 2flc.: Western beef. In sets. Emoked.
200.1 cltr beef, knuckles and tenderR, smoked
nnd alr-drled. 272r.j Western heef, knuckles
and tenders, smoked. 27r2Sc,s beef hams.
2830; pork, family. S23.30(3r2fl; hams, H.
I. cured, loose, 17K18c.j do., skinned,
loose. 17H018C.; do., do., smoked. 18 HW
lUc: other hams, smoked, city cured, as to
brand and avernxe. 18covlSHc: hams, smoked.
Western cured. 18W18Hc.i do., boiled, bone
leas. 30c. t picnic shoulders. S. 1. cured, loose,
12 He; do., smoked, l,1!i13Hc.i bellies. In
Elckle, according to average, loose, lSViOlCc. ;
reakfast bacon, as to brand nnd average,
city cured, lOc.i do.. Western cured, 17
18c.! lard. Western redned. tierces. 13c.s do.,
do., tubs. 13c; do., pure city, kettle rendered.
In tierces, 13c: do., do., In tubsT 13c,
REFINED SUGARS
The market ruled very firm. We quote;
Extra fine granulated, 7.l5c.i powdered. 7.23c.;
confectioners1 A. 7.0.'ic.: soft grades, 0.407c,
DAIRY PRODUCTS
CHEESE The market was quiet but firm
under light offerings. Quotations follow:
New York, full cream, fancy held, 18i 010c:
do., do., lair to good, held, lHWlUVic.i do.,
do., part skims, 11016c.
POULTRY
LIVE Desirable stock was In good request
and firm, with supplies well under control.
Quotatlonst Fowls. 2()W2c: soma fancy fat
stock higher ; roosters. 12613c: chickens,
soft-meated. 2021c; exceptional lots higher:
do., staggy. 14jlSc; ducks, as to size and
quality. 18020c.! geese. 17010c; pigeons.
S(A.R?r "a,r' 28 030c; do., young, per pair,
JOUJJc
FRESH FRUITS
Choice stock sold fairly and values generally
were well sustained as follows; Apples, per
bbl. -Wlnesap. 1304; I'aldwln. l2.nOM3.2R:
Greening, 12.2503: Bn Davis. Jl.75B2.25:
other, varlctlea. ,1.BO02.BO; No. 2. jf.230
1.80: apples. Western, per box. tl.SSol.7a;
oranges. Florida, per crate, 2.3ciW4: tan
gerlnes. Florida, per strap, 1288.80; grape
fruit, Florida, per crate. U.7304: lemons.
Kr " J-Ja Pmeapp es, per crate Porto
WSw t3.5U03: cranberries. Jersey, per bbl.,
I30T: do.. Jersey, per crate. 1102.25: straw,
berries. Florida, per ot, refrigerators, 250
83c; open crates, 18023c.
VEGETABLES
The general market was quiet and without
Important change. Quotatlona: While pota
toes, per push. Pennsylvania. $1, 2001,25:
New York. tl.lO0l.15s Weatern. folOOl lfij
whltB.JS'Jl.,0,v. Je.re?i basket No. 1
l"',6;fSI5;No. I olher varieties, 65075c. t
bbl'. No. 1. Id.
potatoes. Jersey,
no.
war
Ulll NO. '2 AllfijDHO.- lwb.1 nnl.A.a ,rl.
ainla. cer bbl.. ll.5O01.7Rt onion, n lnn.ih
bag, $101,25: onions, Texas, per cummer
crate-No. I. tt.2a0i.8O; No. V. ooS.0tl:
cabbage. Danish, per ton, I8O10; do.. Florida.
per hamper, tl.50,7Bc. i do.. South Carolina,
rsr crate, 1101.50: celery, Florida, per crate.
1 7802.25, eplnacn. Norfolk, per tbl., TSo!
011.25; kale. Norfolk, per bo.. e073o:;
watercress, per lpO bunches, 2; lettuce. Flor
ida, per basket, 1304: do.. South Carolina,
per basket, 1304: do.. North Carolina, 12.50
08.80; beans, Florida, per basket. 1303! peas
Florida, per basket- 1405; peppers. Florida,
per carrier. 11.8003: eggplant. Florida, per
crate, 2 02.80; tomatoes, Florida, per car,
rier Fancy, $1.6002; choice. UOlTs 6'.
asparagus, per crate South Carolina, 12 0
a.tu; Georgia. 12.2503.60: California! 2
8.50; jnuahrooms, per 4-1U. basket. 75c. 011.25.
No. I other varieties, 03 075c!
l,Shil8.P0'"t"i Florida, per
.3007; No. s, 15.5000: sweet
r. ner basket Wn i AKftinn
). ', 25030c; sweet potatoes. Jersey. Dela
ys and Maryland, per hamper No. 1. 73c
III No. 2. 5U 060c.: sweet potatoes. Vlr-
NEW YORK COFFEE MARKET
JN'ETW YORK, April IS. The coffee
market opened steady today. September
Bold at 18.60, and December was off two
points, selling- for SJ.60.
Today Yesterday'a
opening: close.
March ,,.,., . 8.7008.78 .f.
AnrU ,, ............ AA... g-2008.23
May ......,..,.,...,,., 8.8088.83 8.2808.90
Juna .....i4.. .. .... 8.3308.35
July 8.8598.10 8.3908.40
August. ,.,,..... 8.4408.43
September ......,..8.4T 8.8008.33
October --.......,....... 8.5408.88
November ............ .... 8.5808.00
DeccmUr 8.eo ....
January 8.830S.eS ....
BAB SILVER
i Bar aUver today was quoted at JOd. la
London, an adianca of 14 d.
Commercial bar Ur to Kf York was
austed at 83 al, a saia c Ji cent. '
New York Stock Sales
l Iisl 12:30
close. High. Ixiw. p.m.
Alaska 3 Gold M 03 0,' W( 0!(
Alska Oold Mlnet.... 20U 20!l 20 20
Allle-ChalmersMf';.... 285. 28! 28H 28
AIlls-ChalMftpf...,., 7flH 70W 70!f 70U
Am At Chemical pf,, 00! 97f 07U 07
Am Deet Bntit ...72 71H 71H 7H,
Am Can COH 00f SOU B9J
AmCanpf., i.112! HUi Ulti lllM
AmCtFdy 07H, 07M C0! OOJf
Am Coil Products. ..157M 157 160 160
Am Hide A Leather,. . 10 OH OH OH
Am H!do ft I, pf G2H 62U 61! i 62H
Am Ice fJecurltlcs, 27H 27H 27 27
Arri Linseed 23U 21K 23?i 24H
Am Linseed pf. 46H 40H 40 40
Am Locomoltro 7011 70H lli "61
Am Malt Corpn pf... 33 35 35 35
Am Smelt ft Ref.....10Ut 101W 09H 09H
Am Smelt ft lief pf,. . .112)1 112H 112H 112H
Am Steel Foundnes... 62H G1H 61H 51H
Am Tel ft Tel 128M 128), 128H 128H
AmTobpfnew 105H.100 100 100
Am Woolen, 49K 49H 40 J9
Am Woolen pf OSH 08 08 03
AmZlncL&Sm 04J, 04)1 03'1 01
Anaconda Copper It . . 80H 80)1 85H 80
Associated Oil, 07- COH 00H 00H
Alch Top ft S F 103)1.103)1 103 103
Atch Top ft 3 F pf....l019l00H 10031 100H
uaiu LOCO W. 1U4' 1IHJ 1U.IJI 111
nalt&Ohlo 80)1 ROH BOH 80H
nalt&OMopf 70)1 70)1 70)1 70U
Ilatopllas Mlnlne 2)4 2H 2)i 2h
llcthlehem Steel 405 47-1 -174 474
Ilrooklyn Rap Tr 80)1 80 80 f0
Burns Bros 82 81 81 81
Butto ft Superior 04H 0411 !)3!1 03U
Butlcrlcle Co 28 29 20 20
Cal Petroleum 22 21!! 2IJ1 2H
Canadian Taclflc 107HM0051 100H 100)4
Central Leather fi3H 53 5:1 63
Central Leather pf. . . .110 110K 110H HOW
Chcs ft Ohio Ol'l 01,' 01)4 01H
Cblno Copper 645, 50. 53J 63!i
Chicago Ot Weit . ... 121 12H 12H 12H
Chlcajoqt West pf... toff 35H 35H KM
Chi Mil ft St I 04 93H 03)n 30)4
CM ft Xorlhucst pf..l74 10S 105 10.
Chi It 1 ft Pac 17H 17H 17!1 17)1
Col Fuel ft Iron 41)1 44 43)1 43U
Consolidated Oas .....13 1H 131 131 134
Continental Can 83)4 83 83 83
Corn Products Hcf.... 19M 10H 10), lWi
Cruclblo Steel .'.02)4 01J1 00)4 003.
Cuban-Am Sujar..... 222 221 221 221
Diamond Match ,.10754 103 108 108
Distill Sec Corpn.... 47J4 47 40)1 404
Dome Mines 25 2511 25 25
Lrle -. 30 .30), 35Ji 33 ,
nrlo 1st pf 51H 51)1 51 51
Erlo2dpf 43 42H 42H 42)4
Gen Chemical 333 330 SHI 330
General Electric 107)4 107)1 107)1 107)1
General Motors pf 11051 11651 115J1 J 165
Goodrich n F 78J4 78)1 77)4 78
Greeno-Cananea 49)4 485, 4S54 4854
Great Northern pf 11054 120 110M 119)4
G K cfs for oro prop. . 43 42,', 4211 42H
Guirwnhclm JJipln.... 215, 2154 21H 21J1
Illinois tent 102 102 102 102
IntHarv N J 111)4 11m 111J4 111)4
IntHarvN J pf 1105, 110H HOH 110)4
Int Con Cor v tcsh.. 17H.17 17 17
Int Con Corpn pf. .... 74 74 71 74
Int Paper pf 47,' 4755 47)4 47)4
Insp Con Cop 404 4054 40 4li
Int Nickel v t cfs 4854 4SU 47?,' 47.','
IntMMcofdp 2051 2154 20)4 20)4
Int MM pf cof dp... 74 7454 73)4 7354
Jewel Tea S7)a 00 88)1 90
JcclTeapf no 110)4 110H 110H
Kelly Sprlm? Tiro 75H 70 75 7651
Kennccott Copper 57 57' i 50)4 60).
Lack Steel Co 7554 75)1 74'4 75
Leo ItubberTiro Co... 63J4 51 53 53)4
LchlRh Valley 77)4 77Ji 77) J 77)4
Ueiictt ft Myers pf 120)4 120 120 120
Lorillard P Co pf 120)4 120 120 120
Maxell Motors 73 7354 7151 7151
Max Motors 2d pf 67. 50)1 50 00
Mexican Petroleum.. ..jOQJi 108)4 100 100
Miami Copper 38)1 38), 3S 38
Minn ft St Louis 7 051 051 0)1
Mo Kan & Texas 3J! 3)4 354 35,'
Mo Pacific tr cfs 45 J 4H 4H 4H
Nat Cloak ft Suit 78)4 7814 78 78
Nat Enam ft S Co.... 24 23J, 23)$ 23)4
Nov Con Cop 17)4 17)4 17 17
New York Air Brako..l41H 14Ui B0 140
NYNH& II 0154 01H 81 01
N Y C & H R 102)1 102)1 102)1 102)1
NY Ob West 2754 27H 27)4 27M
Norfolk ft Western.. ..12151 121Jti 121 121H
Northern Pacific 111)1 111J4 mj4 ma
Pacific Man 25 2451 24H 21ll
Pennsylvania It It 57 57 60J4 57'
Philadelphia Co 4354 43)4 43 43
Pitts Coat Co NJ.... 20H 26H 20)4 20)4
Pittsburgh Steel pf.... 0!) OX 08 OS
Pressed Steel Car Co. . 5151 50H C0)i 60V4
ny Steel Sp Co 38H 3SH 381 j 38H
Ray Con Copper 23U 21 24)4 24H
neadmif 84H 83)1 83 83
Republic Iron ft 8.,.. 60H 50J4 60 50)4
StLouIs&SF 11 1H 154 14
St L&.S F lit pf.... 4 4 4 4
St L ft S F 2d pf 254 3 25-4 3
St Louis Southwest..., 17 17 17 17
Sears Roe ft Co 178 177 175 175
Shat Ariz Cop 34)4 34)1 34 31
Sloss-Shef S ft I C4H 55 5-1 54
Southern Pacific 07)4 9751 07H 07H
Southern Ry 20)1 20)4 20 20
Southern Ry pf 9)1 50H 60 69
Btudebaker Co 14051 HOMj 138)1 133)1
Tcnn Copper 51!. 62 51)1 5151
Teias Co 194 193 193 193
Union Bae ft Paper... 0)4 OH OH OH
United Clear Stores. , . 93H 93H 93K 03)4
United Clear Mfrs..., 02 02 02 02
Union Pacific 132U 132)1 132 132
U S Ind Alcohol 15814 158H 150H 167
United Fruit 147J4 147 145)4 140
U S Rubber 54H 54H 53 64
US Steel Corpn 84H 83H 83K 83)4
US Steel Corpn p,.., 117)4 117)4 117J4 1171.
USSmR&M 7054 70H 75H 75H
Utah Copper 82H 82)1 81J4 81H
Wabash. I6!f h uii mi
Wabash pf A 45 44)1 44H 44)1
Wabash pf B 27)1 27 20M 20H
WestK&M 03)1 03)1 02H 03
Western Maryland 3151 31 30H 30H
West Union Tel 8UH 89H 80H 89H
Wheel ft Lake. Erie..., 4)1 4 4 4
WUlys Overlann ,230 228 220 220
Willys O pf s r f p. .. .10U4 104 104 104
Woolwotth W 125H 125H 125H 125H
LONDON STOCK MARKET
Dealings Aro Smnll, but Undertone Is
Generally Firm
LONDON, April 13. Dealings In stock
on the Stock Exchange remained email
today, but the undertone of the markets
generally was firm.
Great Interest was taken In an an
nouncement that the committee had under
consideration the desirability of making
securities of the British dominions and
allied neutral countries a good delivery.
The gilt-edged section held well. There
yas buying of consols, and the war loans
In anticipation of a quick recovery of Im
pending dividend reductions.
Tho American department was, Idle and
confused. Canadians Improved. Argen
tine rails continued to waver because of
further unfavorable reports regarding the
maize crop of that country. Home rail
way Issues where quiet.
The French loan was steadier, notwith
standing the fact that the recent importa
tion of gold from France here has not
materially benefited exchange. Russians
were sustained. Fresh buoyancy was
shown in the shares of the -City Service
Company,
London
12:30
Atchison 107ft
Canadian Facitio .......ITSH
Chesapeake Ohio ,...,. 6U
Bt. Paul I....! 98
Erie )....,t,t,,t,,i, 87
do 1st pre, ..,... 05
llllnnla Hantral 106.
Uiulavllle & Nashville ...ISO'
New York central. ...... iut
Vennsvlvanla ........... 59
Heading 68
Southern Pacific 1011
Union PacUlo .. .,.,,.. lai
U a Steal ........ ... 87
UVE STOCK QUOTATIONS
CHICAGO. April 18. HOas--Itecelpts, 15.
000. Market, BglOc. hlxber. Mlxsd and
butrhara. ia.eStifi.U3: sood heivv - luia
.0; rous-h heavy. IS.30O9.SS: llsfit ju.tOtJ
.3: piss, I8.10O9.1S; bulk. se.aO0e.as.
00. uarkot steady.
rtn kalfurn e nnM
feeders, ld.5QW8.8iJj
K. Y.
Ko.ulv.
m S8K il
K oeC 1
h 131K U
.S: Jls, 18.10&9.1S; bull
CATTtfe Becelpta. SO00.
Beeves, IT.80O10; cows an
R.va
9-10; stockers
Texans.7.608. .-.
'-JT.i
and,
fHEKP Becelpta, 1500. Market steady.
Native and Western. 18,1589 i0; lambs, fli.li
611-90.
French Bank Reports Decrease
PAHIS. April IS. The wekly sUtement
of the Bank of Franca shows a decrease
of 91.033,000 francs la gold and 'of
1,411,000 franca to jtlTtrt
WHEAT TAKES SLIDE
AFTER GOOD MARKET
Weather Conditions Also Help
to Cause Drop in
Prices
ORAIK lini.T WITHER 1
NKW VOBK, April 13. AAtlcrs re
fflvfd nl the Heather Iliirenn thle morn
Inx Indicated the followlnic Ktnthtr con
ditions) Trmprralnm.
Ulan, lin.
rnnsdlan Northwest, .prcelp. 31 it
orlhuet elenr SI C,
.Middle Weil elenr 8(1 nl
tfonthne't ..,,,..,., ..rlrnr 74 '18
tipper .MJMlsslppf Vnl. .elenr nI 00
lmrr Mlllppl Vnl. .elenr (!(l nn
Ohio Vnller ...rlenr HI . CO ,
The follimlnt nreclpltntlon (In Inrlies)
n reported! . .01 nt Clerelnnd nnd l.ln
mini .02 nt lllnmnrckl .no nt llnttletordt
.IB nt Dululhi ,ti nt MlnrJoFiil .24 nt
VMnnlprm ,34 nt Dotlitp ('lt)l .3(1 nt l'rlnce
.Mlxrl, nnd .40 nt Denver nnd !u' Appelle,
pelie.
CHICAGO, April 13. Affected by nn
Idea that the buying movement had been
carried too far and by an Indifferent mar
ket nt Iiverpool, wheat displayed a ten
dency to react this morning. May opened
at $1.20 to $1.13, nnd sold down to
$1.19 In tho first lmlf hour, ngnlnst $1.1 9 Ti
nt the end yesterday; July Btnrtcd nt
Il.tOH to $l.lG"a ami felt (o $1.15?.
compared with $1.17 Ift nt tho closo yes
terday, und September opened nt $1.141
to $1.11, nnd reacted to $1.13U, ngalnst
$1.14;si yesterday's last price.
The wentber In tho winter wheat belt
ivns cloudy and warm, which was con
sidered favorable. A leading commission
house called attention to the fact that n
late season In tho Northwest has usually
favored a largo yield of spring wheat.
The Cngllsh marltct was easy on largo
arrivals, nnd millers In the Ignited King
dom nro holding good supplies. Tho re
ceipts at Minneapolis nnd Dulutli today
wore 234 cars, against 119 cars last years
at Chicago 359 cars, compared with 32
cars; at Winnipeg 311 cars, against 170
carsy
Selling by commission houses caused nn
easier tone to corn. Tho market at Liver
pool was dull, but firm. Advices from
Argentina Indicated light shipments of
corn for some time, preference being given
to wheat. The receipts hero today were
138 cars.
Liquidation caused oats to decline.
There was talk of a largo acreage. Tho
receipts here today were 10B cars. Prices
In tho United Kingdom are Ilrm. Supplies
there are fair, but consumption Is liberal.
Financial Briefs
Tho Ohio Public Utilities Commission
has authorized the Cincinnati Gas nnd
Klectrlc Company to Issuo $1,500,000 S
per cent. 40-year bonds at not less than
1)5 nnd Interest.
Philadelphia and Reading Railway ship
ments of bituminous coal for January nnd
February show n gain of 979,597 tons over
tin corresponding period of last year. For
the two months nnthrnclto shipments show
nn lncrcaso of 736,547 tons.
The Governors of tho New York Stock
Exchange liavo voted to close tho Ex
change on Good Frldily, but refused a
petition of somo of the members to also
close on tho following Saturday. Tho
Philadelphia Stock Exchango will auto
matically closo on Good Friday, It being
n legal holiday In Pennsylvania, but not
In Now York.
The Census Bureau will Issue Its re
port on tho consumption of cotton In
March nt 10 a. m. tomorrow.
Tho New York Subtrensury coined $762,
000 from tho banks on Wednesday, mak
ing a cash net gain since Friday of
$4,299,000.
The
Pennsylvania R.R,Coe
and Its System
is the subject of a special
circular just issued in an un
usual form.
A Copy will be sent on request.
EBWA&ef&SM.nH &.C
BACKERS
jrtrisi.TSh'ED 1802
UtmMfl J.'u (yore and Philadelphia
Pocs ircnan0es
EBOID AD CllcSlNUT Gil.. PniU.
80 I'l.NB BVEEET NUT YOIK
I & &wr1flpf "Jrm isw4 n 3t"
nhni55i1flHY?Jiinivv
i.,t I. n v".m.,i,.ittjg3&$?yiffi
I
Southejpit
Utilities Co.
let Mottl 6 Bonds
tVy DtreVAprll, 1933
y
2S
ml "rilt on Application. 12
r
BARNETT OIL" & GAS GO.
Vrite,for Special Circular No. 2
describing new and advantageous
development concerning this
properly. g
E. H. CLARI
Investment Steur
VI William St.. NewJ
Booklet, '"Past, Present and Future
of Independent Oils," on request.
BUILDING OWNERS
an that tMw
neotrranve tho
: ex-
X... .an aawA
WU ,w. ...V IV
h..lMa k.n.1 Vt
perUnce I can rend
UEAL
HARRIS-
Pennsylvania Bldg.
JWJWTRf
V7 LAWA
We Offer--3000 Shg
(Chestnut Street P
aiORRI&BUI
BUl IoilUU
L. N. Rbseni
80 Wa Stret, New Ypik
JiaHKfCb.)
INVEST IN MORTGAGES
AT 0.4 i ,
Recommended bj
BEN T. WELCH
J328 Che.taut Sl
Sales in Philadelphia
Yes. Clo.
13 Am Ga ly
100 llnld Loco . ..lort
il it & r t o im no
100 Chi at W pfd 3S?i
4
71
flttt
14H
75
77 H
0 Cam Iron
18 Con Trao N Ji
1R0 Eleo Slorneo..
7B Krlo
200 Key eTI Co .
5 I.ehlKh Nnv . .
101 Lehlth Val ..
100 Irfhljh Cnl Tr 22
85 do pr 1.1 Vi
MS Pcnnn fi7
105 I'hlln Co pfd. -124
10 I'hlln niee... 27si
4ri I It T tr ctfs 1SH
20 I'hlln Trae... "a'A
110 IteadlnB- SI1
OO Ton Mln ... OH
100 U O t 88ti
25 Vn Cos N J., 220
101 0 If S meet
300 Utah Cop
45 West Rico
63 V Crnmp & S Rl
DO York llwy rfd 30';
1IOND9.
l.nct prev
s.ite.
Am C & V. As 0.1
a of c c 2t on
1 & P Tr 4 hn
L'qult 111 a Ss.tOO
Ih V Ken 4n D.1
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t'4n rets w 1. 101
Pli Co 1st Rs.lom
itend con 4s. 01'i
do Term 5s . . .
Itond-Jr O 4n. Iiil'i
Un Its- Inv 5s 7.1U
WVlabach 5i. 1'4
York 11 1st r.j OilVi
HI
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High.
121
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OS'S
oou
DIVIDENDS DECLARED
Klcclrlo llond nnd Shnro Compnny, rcRiilnr
quarterly 2 per rent, on the ruinmon sloek,
pnyable April 15 to stock of reconl April 1 1,
and lln per cent, on preferred stock, payable
Mny 1 to stock of record April 10.
west i;nd 'jrusi lompftny, repumr seminn.
mini 1 per cent., pnynbto May 1 to stock of
record April 25.
VICTOR TALKING MACHINE DECLARES
EXTRA DIVIDEND OF 25 PER CENT.
Regular Quarterly Disbursement of One Per Cent, on
Brill Preferred Girard Fire and Marine In
, surance Cuts Payment Two Per Cent.
Throe items of Interest to tho local
financial district occurred today, The
Victor Talking Machine Compnny declared
nn extra dividend of 25 per cent, pay
nhlo April IS to stockholders of record
April 12, This is In addition to the regu
lar quarterly dividend of B per cent. pre
vlously announced nnd which Is payable
on tho same date.
The J. (I. Urlll Company declared the
regular quarterly dividend of 1 per cent
on tho preferred Btock, payable May 1 to
stockholders of record April 22, By the
declaration of a quarterly dividend of 3
per cent tho Olrnrd Flro and Mnrlno In
surance Company reduced tho payment 2
per cent, the company having previously
paid 6 per cent quarterly, or 20 per cent,
annually. The Firemen's Insurance Com
pany, of Newark, fc". J., recently purchased
control of the compnny.
It was reported today that 25 shares of
Victor Talking Machine stock had been
sold In the outside market nt $1000. Tho
latest reported hid was $1025, with no
stock offered. Last year the stock was
quoted around $000.
Tho common stockholders of the Penn
sylvania Steel Company, recently bought
by the Hcthlchcin Steel Corporation, nro
selling their stock to tho latter company
for $75 n share. In accordance with the
offer mado to them. It Is Understood that
there nre only nbout 1000 shares of the
stock which nro still outstanding. Quite
a largo amount of the stock has been sold
to Itctlilehem, which Is paying cash.
The net earnings of the Tonopah Min
ing Company In March wcro $60,280, com
pared with $50,635 In February nnd
$70 5G0 In March of last year.
Huslnoss was ngaln quiet on the Phila
delphia Stock Exchange today and prlco
movements were generally downward.
Amorlcan Oas was one of the exceptions,
ndvanclng 1 point on the sale of 12 shares.
Electric Storage Battery eased off a frac
tion, as did Union Traction. Philadelphia
Ilapld Transit trust certificates sold down
a half. "United Companies of New Jersey
gained a full point by selling up to 22T.
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadelphia
Junr
Western Pennsylvania Railroad
Conebl. Itf1w 1st) 4s,
i28
Assumed by the Penna
Railroad Co.
Secured by a first mortgages
on 136.59 miles of road
from Allegheny to Butler.
Pa., and branch to
Bolivar, Pa.
Tax exempt in Penna.
Price and Particulars
on Application
We Call Attention to the Progress of the
ew England Power Company System
As Outlined in the 1915 Annual Report, Just Issued
This System is tho largest hydro-electric development in the Unitod Statoscast of Niagara'
Tlic result of operations during the year ended December 31 compares as follows:
Earnings after
Year
Output in K. W. H.
Gross earnings
$270,000
405,000
514,000
778,000.
,00C
JO
982,000
1,489,000
deducting operating
expenses and taxes
$161,134
250,983
323,929
426,695
509,741
957,899
H. sold at Bellows Falls in water instead of
1910 34,000,000
1911 50,000,000
. 1912 64,000,000
1913 98,000,000
1914 120,000,000
1915 173,000,000
Thcsc figures do not include the equivalent of 50,000,000 .
electricity. , .
Demand for power is so large that the greatest problem which confronts the system is the
creation of an increased supply of encrgv to iViGctidemand. This demand is due to the fact that
the purchase of electricity by manufacturing1 aitu utilities companies has proven so profitable and
desirable that companies are hastening to avaiUiJfcniselves of its benefits.
During the past year the high-tension lines of the system were extended southward to
Pawtuckct and Providence, Rhode Islandy Earnings for 1915 were not affected by this extension,
but material benefit will -accrue du?ingyl916 and thereafter. Contracts have been made in Rhode
Island aggregating over 15,000 horse-jrower, and other contracts are pending. These customers
will be added to the system as soon as the necessary connections can be made. This extension
of the lines southward also gives vWTsystcm connection with two tide-water reserve steam plants.
A plant now under construction cm the Dccrfield River at Readsboro, Vermont, will add approx
imately 12,000,000 kilowatt hours per annum to the output of the system. N
Th'e year 1915 has been the most successful which the companies have experienced, but
directors believe that 1916 and future years will show even more satisfactory results.
From the inception of this hydro-electric system, it has been financed under our direction
BAKER, AYLING & COMPANY ,
SO CONGRESS STREET, BOSTON
Springfield, Mass. LAND TITLE BUILDING, PHILADELPHIA Chicago, III.
Elmira, N. Y. Wilkcs-Barro, Pa.
van ty-m's
Prestige
p
PRESTIGE is the present product of the
past you earn it today and receive it
tomorrow. It is of value to every busi
ness, especially the automobile or newspaper
business.
For eighty years the Public Ledger has
held the confidence of Philadelphians its
prestige cannot be estimated or shaken. Today
the Public Ledger-Evening Ledger reach
Philadelphia's better-than-average families
who are believers in that prestige. If your
automobile is a "known quantity," the Publjc
Ledger-Evening Ledger will help to per
petuate its good name. If your car is just
uemg iiiuuuutcu, mc .ueugers win neip
estaDiisn its reputation.
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1 I Irli & r I' n Al
I li--.-2JL (j 1 In
L-E-D-G-E-R A-D-S