fW?.
WfcijBMMi-mm
mjk&&ikJi
' i i I iiJ mih-isVwan.siiimiMSlili HiHinii.iilMliHiU ! iiiiiiiii.iIwpiU niKifcBHimiiH.i-Wnp.iwiii iiim ! Wwmimwi w.imilnliiiwilwiwi was atai I m iLmmii mi pi iniwin 11.1,1..,
FINANCIAL NEWS
i- I Uta..,., fc ifell f I T !?... ..r.W 1l I I. flUM lH iTj !!! I I HIM I -
STAR STOCKS UNDER PRESSURE;
. , d More interest in railroads
JMhgf of Specialties Attributed to Obstacles Placed in
? Way of Deliveries More Believers That Readjust
'inertt of Reading Capitalization Is Near at Hand
. - s NEW YOnK, April 18.
JsJa-rkftt movements -were divided from the opening today, with some of the
.Ml Witir Blocks Under continued pressure, while Increased Interest was shown
fB lllny railroad Issues and the important standard Industrials.
r "toMwIli Locomotive, Industrial Alcohol and Westlnghouse were the weakest
'.sjiteMWCB, with selling of those stocks directly attributed to obstacles placed In
lite wy Of deliveries. It Is no longer stated, however, that the Interruption to
'SJtmtfrilahce with contracts Is duo to any Insufficiency on the part of tho Amer
fcnH manufacturers, but muen Is heard on the Street about the position .taken by
JUimtan Government Inspectors, and there are strong Intimations that good rea
sons exist for a desire to treat directly with the Russian Government on all
future arrangements. Bethlehem, In tho afternoon, dropped 22 $4 points,
Wall Street os an element, however, Is more disposed to tako a position on
railroad Issues, putting Reading In nrst place as a speculative proposition.
Th understanding that a readjustment of capitalization In Reading Is close at
kd fs finding- moro believers, and was a basis for the buying of that stock,
itch forced Its prlco up more than one point In tho morning session. Other
Hroad stocks are In scant supply, but buying is stilt restricted becauso of
uncertainty over tho labor" outlook. There Is always a good' Investment demand
lor stocks like St Paul, Union Kiclflc, New York Central and Pennsylvania.
And tho Issues have almost entirely disappeared from tho Street.
1 Tho Marine earning statement, published this morning, furnished a strong
iicenttvq for buying of both the preferred and common stocks and those Issues
'wioved independently of the rest, of the list. A good part of this buying seems to
come from Standard Oil sources and City Bank Interests and It should occasion
rt surprise If control of the company should ho found to have been transferred
to those quarters.
"Wall Street Is still talking of the international situation, nnd In the lobby
rf tho Stock Exchange there Is a general Impression that a rupture with Ger
many must come.
Until tho position of the Administration nnd Its Intended action Is definitely
Known It Is not expected that there can be a sustained movement In cither direc
tion. A mojorlty of Important Interests hero believe that even If a diplomatic
rupturo should come tho market will advanco simply as a result of tho relief
from tension which has held trading In check over since tho Sussex disaster.
New York Stock Sates
20
27
70
07H
63H
05H
117
t.t
close. Itlch, Low.
Adam Expre 143 143 143
Aluika Odd Mines. ... 20
Allls-Chalmcrt Mf.... 27
AlllJ-Chl Mfe pf 70
Am noet Sugar 07H
m Can C8H
Am Car Fdy 05Jf
Am Car ft Fdy pf . . 117
Am Coal Product ....161
Am Ice Securities ... 27
Am Linseed ,,,,,. 21
Am Unseed pf 40H
Am I-ooomotlre , 72
Am Locomotire pf . . .102
Am Smelt A Iter OSK
Am Smelt AIM pf 113
Am Steel Foundries.... -19K
Am Fuirar Hcf ...1084 109
Am Tel &Tel .128K 128
Am woolen ....... 40!( 47
Am Woolen pf . ..... 07K 07U
Am Zinc h ft Sm., . . 03! 03!f
Anaconda Cop M SflJI 85!
Associated oil 00 CO
2.30
p.m.
143
20
20H
7Mi
074
58
05
20
20K
765J
07
03
110H 117
140K lW,i 149U
27f 27H 27f
&- 24X 24H
Gl 49J, CI
72 705 72
lOlH 101!i 10W
08! t 08 OS
112H.1I2X H2!
40U 49 49
10S"f 10SU
128 123
40)f 40
07U D7
on 03
84f 85!
00 00
GOOD CROP WEATHER
MAKES WHEAT DROP
May and July Kally a Little
After Start, but Soon
Recede Again
AtChTop A 8 F 102H 102,'f 102f 102)f
COTTON IN GOOD DEMAND, '
WITH ADVANCE IN PRICES
Spot Houses Sell May nnd Buy
December
NEW YOniC April 18. At the opening
this morning the cotton market was Orni
with prices 4 to 5 points higher, with the
exception of March, which was up only "
points. Tho demand was scattered, but
large. Spot houses were sellers of Jlay
and purchased December, while Liverpool
Continued to supply December and Jan
uary ipilto freely a3 In recent days. After
the call further upturns of a point or so
Were "recorded.
Liverpool Quotations wero duo to coma
unchanged to 1 point higher. Early prices
Wero unchanged to a point lower, but later
the market strengthened and at the time
of our opening advances of 214 points
wero shown.
"Weather In the cotton belt was favora
ble Tor the crop; there was no rainfall and
temperatures were higher.
, Tho receipts of cotton' at the ports for
the day were estimated at 22,000 bales,
I compared with 22.023 bales last week,
-' 19,369 bales last year, nnd 1,3D6 bales In
1814.
itarch
tJuly ....
October .
December
January
New York Bond Sales
AtchTASF pf......l00$i 101
Iiald Loco Wks 08 07Jf
Halt A Ohio.. 8T,U KH
Halt A Ohio pf. .. ,,.. 70H 70'
Bethlehem Steel.. .,..4685$ 430
nrooklyn nap Tr .... 86! i 85J
initio & superior. ...mil
Cal Petroleum 22 M
Central Leather .... f,2U
Chandler Jlotor. . ,,, 0;)U
Ches ft Ohio 01
Chile Copper 22W
Chlno Copper &-))(
Chicago Ot West 12Jf
CM Mil ft St 1 03! i
ChIM AStl'pf.. . .129
Chi A Northwestern . . 126
Chi Kl A Tac 17
Col Fuel A Iron 42lf
Col A Southern 25)4
Comp T Hcc Co 15
Continental Can 82
Consolidated Gas 32f 133 132,'f IXlii
Corn Products Itef. . . 10)$ 10)f 10 l!)Jf
Crucible Steel,, 87J 87Jf 8:)i 80
Cuban-Am Sugar .....21(1 212 212 212
Cuban-Am Sugar pf ..105)4 lO'.H 10.-.H 11H!
100)
03
&'
70X
430
KM
D2!
22U
r,2H
03! i
am
22) i
63U
14!f
93" f
128X 128)li 128X
123W 123!f 12.iU
17)1 17 17
42 41!$ tl.'i
23 23 25
4t 41 41
82 82 82
03H
ran
03)4
ow
22)4
f3f
14!f
Ot
100U
00)4
85! (
70)4
430
85)4
03
22!f
52)4
03)4
0I!4
22! i
6.V.I
mu
uniimo Annlo-Kr I. B usu
IH)() Am 111(18 & I, (I,.. ioS
?, Arcentlno f,s tj
-jmcr Writ Vp 0... 71
nioim Armour Uo 4ii... 114
VE AJcL'!"on K" '" Wi
1 iZ ! A.tcE "" " '" "
luoo Atchlflrm cv flu 1U17.1M11".
r,.100 llelli stnel rf.I OantlJjl'?
11U0O Halt AOhlo ii.... 1 (ji:
SSS! KiS j"Ly eon'i; JmiJ
,;"" ;' "i r us. . t . . , lu.t
Itlth. Low,
(i.l
2:30
P.M.
n.iu
10.1S
IV
107(4 107(4
T4t 74 .
II3U 1137,
lll.1i
lf
-1?t
HII
1II1JS
lll,
100J,
Ml
liit'4
IIIU
100 Ji
100.
outs
1VU
Tes. clou.
....ll'.RS
ll.sn
..IS.tH
..l--'.nn
..li:.4o
Open. 11 a.m.
11:. .',11
11. 3 11.00
1B.S4 12.23
12.4CI 12.41)
12.43 12.14
12 m. 2 p.m.
12.02
11.01
12,011
1 2.2:1
12.41
11.111
12.1111
12.21
12.41
12.43
nn
.,.
1M.1
muiii .:;. I' t "'15..1WM 1005, 100T,
!' 11" 1111
yi iihk imw
Mj. I3 1I3G
2) U2!4 "2(4
hit ii". ii.
1U0J4 luiifj
liMi(i 1110(4
102 in-
ihn V.r Va
H2'4 82i H2'J
7K 1I7S 117!
HOT. IllltZ u',il
122 122
10(. l(Hl(i
s na
73 73H
Hni.. m.
uif?k nn.
03)4 11131, 103(4
1J2. 1112 . 102i
73, 7:iU 71
J4 Oil' 00(4
i?P '4 4
77(i & W
2'4 82 1)2
OIH 1014 KllH
III) 1111 1111
100H 100K
1111 TlQ
Olimu Chl U A Q joint' 4i
ii'uii uni it & u ten 4
naiiiiii . mt m A. r
mZY.r :' ! - m i
cv fis.looK
5"" t'ol Induntrlnl 'ii
-w u Jl & at V ov 4b m 101)
.limn i- ii.c V. r7 :f,l,iy"
..... v .n(7L i" Ken '.it 111
7.?.;.:; ?."! ."'." . .
Liverpool Cotton
LtVEKPOOU April, 18 Tlicro .was a
fair business transacted In spot cotton to
day at an advance of E points, on the
basis of 7.90d for mid-upland. The sales
,wero 50Q bales, Including 7000 bales
AmejRcan. The market for futures closed
quiet at a net decllno of 4 and 1 point.
FOREIGN EXCIIANGE
NEW TOItK. April IS. New credit ar
rangements reported impending for new
French, and Russian credits were the
prima influence today In the Foreign Ex
change market. Franc checks made a
new high on this rally, to 6,94, com
pared with 6.09 about a week ago, the"
extreme low record. Cables, as against
rtu low record of46.08 last week, touched
S.91 this morning. Rubles Jumped to
31 031H- Tho recent extreme low on
this class of exchange was 30.
Sterling was fully steady at 4.76 15 for
demand, and 4.77 1-16 for cables. Relclis
marks were a shade better also, at 73 ;
and 73 i. Guilders were somewhat easier,
Ht 42 for cables and 42H for checks.
Other quotations were: Lire cables,
6.4614; checks, 6.47; Swiss cables, 5.17;
checks. 5.1S; "Vienna, 12,)0 and 12.95;
Stockholm, 29.45 and 29.65; pesetas, 19.40
.and 19.45.
liomi Col & South i4
::uuu torn I'roil Da '34
3000 do luai "...:
.IIIUIIII 1'ntio II.. .... ,- a.
KMiii ri,iin.AM .... .r:
Sffi J?el .'"ii 4 "i". .ion)?
IT inn U!nW.',n.1 T' B..10U(i
? m fJ1? Hecur l-orp Si . . 73)4
1000 Hrlfl rv 4a Mar. T. ... I u-.i7
Hnni) tir-o. k-..u v...
10 I Iua Co a. B
lOim Inil Steel Da .....
04000 Inter -Met 4H I.
moon Inter It T re? 8
S?nS!! ',nt M M ct
1000 Jap nev o 8 4!4b
1000 Jap Wt 4s .:".
1IIO00 K C It S t JI 4i
1000 Lack Stnel 3 1050
2000 LI b. M T On ...
1000 XI P Co 0" br G
i.X ittl ta.. ?. : 1!.'!.
vxx . i. 1,'Z'vr.' t a'p i"i
33000 do 4is ..?
3000 NVCSSIl
nillll) N Y ITItV J- IIIT in,.
3!!!!)! 11f,"B ln3B mo
B000 do 44 mill) ,...I02,i
looo .io 4(4-. 10114 "tins
1000 do 4J4a 10113 ..1(7
20011 N Y Oaa"lI trij
.JOJJO N V N 1I&II cv 3!,'. 72
44000 do Ua 114U
21000 N V Ilwy ref 4... 7.
7000 do adj 5a .....: 07)i
1000 N Y Tel (ten 4(4 " fiji!
naooo Norf & -w cvt 4V4a
itivil Utl 18
100
loo
1024
108
107
104
114
7N'i
B7i
100
100
10JH
Ki.i
107
104
72
114
BTf.
Ke
Phi!
Boa
Vorlt .
hhlUdelphla
KftatnT
Cklcaso
RATES FOR JIONEY
Call.
l?i'
3
a
(!omTiMFrid i
' ; .;r;Ti"
jni, aom
caner. S
wr cent-
. 3V404
to u
Time, i
2H 931;
.1 04
4 44
months, Phlladel-
Reserve Banks' Discount Rates
Boaton
isev
10 or
leaa.
.. a
LT . W..I-- a
PhUmdilDhla.. S
CUvel.n.1 ... 3(4
Richmond . ...4
AtUnta. ....t'sH
Chlcflo 3(4
lvijinftpoIlamv . V
Kaijaaa City. SVi
riu
Sn i'ranclaco s
Aarleiil.
Ovr SO
a
J"
R
n
8
s
s
a
Over 10 Over 30 Over 0
up to SO. up to liU. up to SO.
314
i
4
1
4
4
4
4
4
4
4
?'
Boaton
Netr York .,
Philadelphia..
Clavaland ...
Richmond ...
Atlanta .,.,,
Chlcajto .,.,,
a. Loula ...
Mlcneapolla ,
Kanaaa City,
Ian Kranclaco 3V4
Up to 80 day;
wr 60 to jtO. u p.
rat,
Trade acceptance.
uv ... v. uu la tiu.
4
4
4
3H,
54
314
$
3tJ
314
8'4
3
over 80 to 60,
per cent
4
4
4
4
4
4
Com
modlty.
3H
S.
3
3
3
SI.
4000 Nor Pac prior 4a ,
3000 Nor l'ac ei-n 3a . ,
2000 Ont Pow 5a
1000 Phil Co Conv 1018
3000 Head gen 4a
4000 Rep Ir & S 5a ...
4000 Hock Ial rfd 4a
5000 nock Ial 6a ,
(1000 Ht I. & a K con . ,
7000 Ht I. & s P r n m J. mil:
10000 Ht U & a y a o a 4a B5U
1000 H A 4 A P lit 4a . 115
1000 Ktanil Mill 5a ..... U8i
.nut, ova a ia via B ,,
10000 Hth l'ac cv -la
14000 Hth Pac rfd 4a ..
15000 Houth Hwy sen 4a
BOOO Teaa Co cv Oa
iihhi iri-wuy na 1004
20(10 U H Steel at Be ,.104J
1000 Union Pao lat 4a .. 117
HOIK) Union Pac cv 4a ,w )2'4
2000 Un Jtwa H I. 4a .. IUZ
20110 Va Uwy 5a im-J
r.000 jvt K 4 M cv 5a w I 124
6000 Weat Union Ba ....loo
.. 08 l)8. DHL
a.l2j 121 ISltt
113
IB1
D4
00
os;;
47U
75
no v,
87 K
no;t
7( ,
lo.i 2
o.i
n.-,;
04
au
(14 i
no
(1SU
47U
75
0U
54,
113
HJi
110
871
1I0U
71)
103.
loo'i
104 ri
Hi
112
, 111)1
UH1
124
100
(l.'l
5i
04
l)84
4j4
no
08 Vl
47!J
75
OlIU
B5J
05
08J4
00(4
87
noli
70
in.i;
100I
K4ri
UT-
1)2'.
noj,
125
100
I SHIPPING NEWS
POUT OF PHILADELPHIA
Steamships to Arrive
FnEiairr.
Na'me.
Paclflo ...........
Itemler .,...;.,...
Veatorland
Atlantic
ilacklnaw
Cayo Hoto
Adrtatlco .....,,..
Weat Point
llancheater Shipper
Ohloan .. ...,
Lexis
Ansel de Prei . ....
Virginia , ,
Minnesota ....
Falrbaven .,.,..,,
llealdton .,...,,
Annetta
Uorbea Mendl
TwlUsht .,
Jtoaaano
Maiuheater Hero
From., Hailed.
.Havre .; Mar. 13
.Port Natal ...,Mar. IS
.KarvuY , Mar, 24
. Hlo Janeiro ...Mar. 2B
. London .Mar. 23
.London Mar. 2B
.Qlbraltar Mar.-'S
, London , Mar. 23
. Mncrieler ...Mar. 2H
.Hunta Arenas, ,3Iar, 28
.Huelva &far. 20
Lisbon Apr, 1
4 per cent.:
and aver DO. u per
NEW YORK; COFFEE JIARKET
XEW YOIIK. April 18. The coffee
market opened dull and unchanged this
morning, with no sales on the opening
call. .
It developed wealcneia during the
morning and prices broke sharply under
liquidation which uncoerei stop-losa
orders. The cash demand was quiet and
there seemed to be a general absence of
buying power In the market
, Today'
i ODenlnttr.
f t. i . 8.C0
.sff .t?.-. i
j ...,...ii..
...M-IM."
. pr. . . . .
lVsfter; . . .
8.nofiig.os
. 8.0.1
.8.18
's.ja
.8,80
Ttaterday'a
close.
LO 8.6.1
8,0T
1.10
8.6:
H.04lf
.
I.1BQB.III
8.22 68.23
8)31 gS.fc
8.348.38
8.42g.43
8.4868.50
8.5458.5U
.Copenharen
. iinuon . . , ,
, Huelva ,,,,,
.Rotterdam ..
.Banta Marta.
.Arua Amarva
.Huelva ..,,,
. London
Manchester .
Escaiona , Ijjndon
.Apr, 1
.Apr, 1
.Apr. 3
.Apr.
.Apr, 10
.Apr. 12
,Avr. 13
Apr. 13
.Apr. 14
.Apr. 13
PORT OF NEW YORK
Steamships Due Today
Name. .PrD- Steamed.
J,lll . Gibraltar Apr. 4
Chicago Bordeaux .....Apr. 9
Steamships to Leave
Name, For. Date
niuseppe Verdi Naples Apr. 18
New York Liverpool . ...Apr. 19
Frederick VIII Copenhagen . ' .Apr, 10
Str
Movements of Vessels
Atlantic.
Aflantl. Ylln .TbnjiIrA fn Thll.4l..t.l.
1140 miles south of Scotland lightship at noon
. tltr. Nelson, Philadelphia tor Clanfuegos.
690 miles south ot Overfalls lightship at
&'tr-PmxuT.' Philadelphia for Port Ar
thur, 88 miles east of eland Key at B i. m.
tonrlnjr baraa 47onmsiiv
,iL. j..r. -...'".T----I
ruiiauBlpuia
100
. .-
miles
Port
west of
HUSHONG FILES PAPERS
BKADINO. Pa.. April 18. Former
Jadsjo Ilobert Grey Bushorjf, In filing
pajmrs as a candidate tae national liele
itW. buned th followlru; statement op,
paiiMt tlw candidacy of Governor Urum
Wmm for lreldet.
"lit view oi toe lact that Governor
ugh a name lit apparently at tnia
ka only one that will 'go OP the Ite-
liaiioi at ma primaries in. x-enn-,
tboaa sho file a statement de
vlwv will" suDDort tile noBuU-r
itliina fcr Prasldent nxeagarlly are for
''jtaijisMWUfh. I not consider t)ie Giv-
itt a ).im.-. taniiijate for l'reaiucnt,
l:i'.lW X HW 1-1 1W t-tiltjMUOt WltiV
jJLiBi v?
Anrl'l 17.
Htr Qulfoll
Arthur for V
tiand Key at noon
Str. Qeorsta. Phlta
139 miles aest of Sand Kay at noon Aoril it
.Str Texas. iMladelohla for Port Arthur.
A Tl IT 0Ulnw,!Jt ' Charlestown bar at noon
?,r-S A. Candeld, Tamplca for Phlladel.
phla. 280 miles south of Diamond clhoal light
ship at 7 p. m. April 17.
API
adelpnia for Port Arthur.
DIVIDENDS DECLARED
Lewlston. Augusta and WaUryllls Street
Hallway Companr. regular quarterly of 1V4
rr cent, on Us preferred stock, payable May
to atock qt record April 15: "'""
, p?f'f,1', Pl. Coke Company, regular
quarterly of lit per cent, on its preferred
stock, payable May 1 to atpek of record
Mirth 10 to stock of record April 20.
Ksnson4 Mills Company, regular quarterly
1. per cent, and a 11. car rjii rfar a
th preferred stock, both payabia May 1 to
stock of record Aprtl 23. . r w
JiS1!!- sTuTr aH.rtrsy J per cent.
paybl Ia 1 to stock of record April zi
airara KatlOAl Hank, regular sunlapnual
1 "tf f,1at ( May 1 to slock of record
April -'L
Den & Illo Or pf 'M
Detroit united Itys ... )S
Distill Sec Corpn 40;
Dome Mines 2,)
Elec Storago flat 00'f
Kilo .'IT,!,
Krlo 1st pf GOU
General Llecttlc 107Jf 107
General Motors pf... ..no ill
Goodrich n P 77 77j
urceno-uananca 47'x 48
20H
08) i
10! S
2.1
005.
i)H
P8
45r
2I!
(Ml
33
107
111
TflJi"
17U
O N cfs for ore prop.. 41H 41!f .Alii
Illinois Central
Int Acrlcultural pL . .
Int Con Cor v t c sh.
Insp Con Cop
Int M M cof Up ....
IntM M pf cof dp..
Int NIcUl v t els....
Kan City Southern. .
Kelly Sps Tire
Kelly Spc Tiro pf
Kcnnecott Copper . .
Lack Steel Co
Lehigh Valley
Lee Itubber Tire
Maxwell Motors . ...
Max Motors 1st pf ..
Max Motors 2d pf. ..
Mexican Petroleum...
Miami Conner
Minn fc St Louis.
mi loo). 100
GS
lOJi
203
734
AH
. 245
. 72
. no
. 7314
. 70)4
2Ji
. 74!,'
. 85
. SO).'
.101
. 38
0?,'
C7
10''
453.
213J
7o)f
48'i
LMJJ
73U
07)4
mi
74
77
C2J.
75! J
SV.i
fiGJf
lo:i3i
38)1!
OJi
mi
10)1
44).
21
73! i
48
24!.'
7.1H
07)'i
M5.
73
77
G2)j
73!i
8-1
60'f
102H 103
Mi
08)i
40
24! (
COM
:i5!i
cux
107
111
77U
47J
41M
100
57H
Gl
u,H
2I!
74U
48
il.'
73'i
97H
55)4
73! i
77
52).
74
84
GO'f
ORA1N PELT WlUTlinR FflrlfcCAAT
t'lltrAOO, April 1. The weather fore
run for the ntrtse hours I en fjllonai
llllnole and MUannrl Vnaettled tonlhl
nnd IVedneiidnr. lhiindrrtormi warmer to-
Hlironnln tlnnettleil tonight nnd Wed
nMdny, . prnbnhlr shower 1 not moth
thnnre In tfmperntnres, ....
Mlnnesotn. North nnd Month Dakota.
Phonrrn tsnlelit nnd Wtilneadayi not milth
rhnnre In temperatures.
lral( Shnners tonight nnd Wednes
day! not mnfh rhnnge In tempernlnres.
own nnd Knnxno Unsettled tonight nnd
wednendny, probnlilr showersi not mnch
rhnnge In temperatures,
CHICAGO. April 18. Wheat suffered
further losses this morning- on easiness at
Liverpool, favorable weather and liberal
supplies, which caused active liquidation,
May started at $1,137, to $1.13,
against $1.14 U at tho end yesterday; .Inly
nt $1.1.1 to $1.12 compared with $1,!3,
at the close yesterday and September nt
$1.11 to $1.10H contrasted with $1.11,
yesterday's Insl price.
After tho start May and July rallied a
little, selllmr to $1.14; nnd $1.1.1 U. re
spectively, but soon receded. May fell to
'$1.13 U , July to $1.12 and September to
$1.10 i before the end of the flrnt halt
hour.
The diplomatic situation was Rtltl ttio
factor and the trade nppeared to bo look
ins for a large movement with tho opening
of navigation.
The market at Liverpool wAh afrectcd
by liberal arrivals, n liberal Increase In
the supply In tho United Kingdom and
free offers of Manltobas,
Itecelpts at Minneapolis and Duluth
today were 263 cars, compared with H8
cars a year ago; at Chicago, 283 cars
ngalnst 114 cars; at Winnipeg, 71B cars
contrasted with 251 cars. ICxport sales
during tho laBt 24vhours Were estimated at
1.760.000 bushels. Corn was steady on
prospects of export business; the receipts
hero today were 171 cars. Oats also held
well. Tho receipts here today were 205
en 1 ft.
I.eadlne; futures ranged aa follows;
lesi y a
wneai upen. iiirii.
May 1.13', 1.11)1
.luly 1.1.1H l.lntj
Heptembcr 1.11 l.ll'.i
uorn tnew neiivery
in:
Sates in Philadelphia
ii Am Gas
80 Am rtwys
12.1 Raid loco
120 JClec 8tor
i'l'U Kf!
Itlith.
, 120
. (lOJi
!!T rln A.nh nM lib.
800 Lake Bun Crp 10
10 I-chlKh riav.. -!4
3S Ihlh Vl... 11
SO Leh Val Tr pf AS .
233 1'enna nn .. nii
34 I'n salt Mf..l01
Penna Htl nf. 1IM
.10 Phila C cm Pf 42
1OWl
120
.15
4
Jo
T8H
43
lol
J5i
2i30 Net
f.m. chanate
20 .....
I)74 24
flp4
B6 V4
TU4 .....
8" ft
43 .....
lni .....
oi
4?i
.. 1 una 1. cm pt 174 1V? ?4 .....
307 l'hlla Klec ". 28 27 jt at S '.
455 neadln ...... 8lH SH 8H4 4-2.
1." 1 '"
Low.
l.in.,
1.12U
1.10)1
4r.U
43 fi
31).
Mnv
July ....
fleptember.
Oats
Mas- . ..
July . .
Heptember.
I.aru
May 11.07
July . . . II.H7
Scntpmber. 12.00
hlbs
May 12.32
July 12.47
Kent. ...'la.UO
Pork
May July 23.03
tiepipmbcr
Hid. tAnltcd.
nnL
7(ir
70)4 70
1(1)4
43i
4S't
39)t
43
42"i
30)4
.87
,02
IS. 33
12.no
12.03
23.07
22,83
11.82
12.00
12,32 12.32
12,45 tl2.47
T12.0.1
12.00
23.110
22.73
Noon. ctoA,
1.1:1 , ti.iajS
i.ioH i.n3i
t7RJ4
.88
'"lr
:inI
11.(17
tll.HS
tl2.02
12.22
tl2.ri(l
tl2.03
23.00
23.00
7fl.,
70ji
A4.'.)4
11. fl7
til. 85
23.07
22.80
37
fl)j
Minn St P & S S M..118). 117 117
..122
I t-2
23)4
17),
Missouri Pacific 4
Mo Pao tr cfs
Montana Tower.,. .
Nat Biscuit
Nat Cloak i. Suit
Nat Enarn & S Co
Nev Con Cop
New York Air Drake. .13."
N Y Nil & II ....
N Y C & If R ....
N Y O & West ....
Norfolk & Western.
Ontario Silver Mln.
Pennsylvania It It. ,
Philadelphia Co.. .
Pitts Coal Co N J
4!
4'4
4
4)4
38
O.'f
117
4)i
4'4
122 122 122
77). 77).' 77).
34 233. 23).
17,'. 17!i 17Ji
135 131 KM!.'
01M G1JJ COM OP.
..102Jf 103)4 102Ji 102).
.. 27JX 27)4 2734 27)4
..120)4 122 121). 122
.. 8)4 81.' SH 8!,'
. 50JJ G7 COJj 50J4
. 41)4 41)4' 4134 4154
SO , 20 2534 25! 4
Pitts Coal N J pf. .'.'.' .'101M HiilH 10IJ4 101)4
Pressed S Car Co
Quicksilver
Quicksilver pf
Ry Con Copper
Headlnr. 1
Rcadlni; 2d pf .
Republic Iron & S .
Republic I & S pf. . .
Seaboard Air Line. ..
Seaboard Air Lino pf
Scars Roe & Cp
Shat Ariz Cop.
Sloss-Shef & &. I
Sloss-Shef Si I pf...
South Porto R Sue...
Southern TacKlc
Southern Ry
Standard Milling.
40.U
. 234
. 4
. '23 J 4
. 83
. 45
. 40)f
108).
. 14),'
. 35)4
.170)4
. 33
. 52)4
. 08
205
. 00)4
. I0!i
04
GO
3
4
23)4
84'i
40
40)4
108
ll)f
35
175
32!.'
G2
0IJ4
200
OOJi
20
05
40
3
4
235f
Kl
40
48J,'
108
14)4
34 a
175
32)4
52
9154
200
00!-
1034
95
49
3
4
2354
84
40
49)4
108
144'
3131
175
32)4
G2
01)4
200
0034'
1934
95
(17 ',4
. IN
. 3'
. 3.1
. 411
. 115
. HO
.IS,".
. r.7.
. 42
.143
. 12'.4
. 31H4
. 20
, 21
, 71
. 24
, if ;
. 13.
, oi'.
. hi
.100
,
: 3S.4
.'
i
StudcbakerCo 139 ISSJi 13734 137.'.'
Tenn Copper 495X 50
Texas Co 188 ISO
ThlrdAvenue 01)4 Oils
Under Typewr 00 03
Union Das & Paper . (I li
Union Bae & V pf. . . 31 30)4
United cisar stores. . . U2 02
Union Pacific
Union Pacific pf
U S Ind Alcohol ...
U S Ind Alcohol pf. .
UnUttTFrult
Un F sub re full pd. ,
U8CIP4 F
USRubber 52Ji 53)f
US Steel Corpn 83 83J4
USSmR&M 72 7334
Utah Copper 8034 8134
Va-Caro Chsm 43 42
Wabash 1434 14)4
Wabash pf A 43X 4H4
Wabash pf B 20)4 20)4
West E & M..... 02 01J4
Western Maryland..,. 29)4 31
Western Maryland pf. . 48)4 48)4
West Union Tel 8934 1)0)4
Woolworth F W 120 128
Quoted ex dividend.
49)i
189
01)4
91
0
30)4
02
189
01)4
93
U
3034
02
131!- 1314' 131)4 1315a
82J4 S3 82)4 82J4
. 151)4 152)4' 150)4' 152
109 105)4 105)4 105)4
.14714. HSU 14034 148)4
117)4 1473.' 147)4 1474'
2014 2031 20)4 205
53
82!f
71)4
81
42
1434
41
20)4
00)4
30
48J4
90
120)4
53).'
b3
73)4
81)4
42
144
4434
20)i
01
31
48)4
0034
128
RAILROAD EARNINGS
TEXAS AND PACIFIC.
Second week April
From July 1
.iSia- Increase.
$33.1,70!! J24.748
15,433.77s 833,281
BESSEMER AND LAKE ERIE.
Year endlns December 31:
Gross 1..., $0,870,39.1 11,425.071
:i)4
Net 4,821,237 1.71
ST, LOUIB SOUTHWESTERN.
Second week April,,. 1237,000 148,000
From July 1 ,, 0,838.74!) l,16u,S22
MISSOURI, KANSAS AND TEXAS.
Second week April ., S88,024
From July .......... 25, till, 811
$14,402
1,200,311
BAR
SILVER
Quoted In
Londan at
Bar silver was
so 7.18d.. on 54d.
Commercial bar silver In New York was
uuoted today at 0354 cents, a loss of U cent.
Copper Sells at 302 Cents
BOSTON', April 18. The Lake Copper
Company has sold copper at 30 cents
a pound.
NEW YORK CURB
INDUSTRIALS. 1
Hill.
Aetna Hxploalven 22s.
Klaenlohr 5.
do prcf , U8I4
jtiiiunmrp 1 une 11.
.Ju.x Runner Tire
Am Hrlt JUr
Am Marconi
Atlnntlc Gulf and W I
do pret
Cnnntllnn Car Co
do pref
Chev rolet Motors
Cuba Cano Sugar I
Curtlas Aeroplane
Drlg-irs.Senbury
KmiTson Phonograph
Haskell nnd Darker Car
ltcndce Mfir Co
Inter .Merchant Marine
do pref
Knthodlilon Ilronzo prof
Maxim Munitions
Manhattan Trans
Mldvnlo Steel
Otis Klevotor
Peerless Motora
Poole Knelne
H. S. Kreaue w I
Standard Motors
Submarine
Triangle Film
United Prollt Shoring;
United States Light und Heat..
II 8 Llaht and Heat pfd
White Motors
World Film
STANDARD OIL .SUBSIDIARIES
Illinois 173
Ohio 2j:i
Prairie Pipe , 210
Standard OH of California 23H
Stnmlanl Oil of New Jersey Bu.1
Standard Oil of New York 20t
OTHER OIL STOCKS
Cosden Oil
Chalmers Oil
Inter Petrol i..,,
Houston Oil
Mid West Retlnlnc ,
Sapulpa Kennlne
Uarnetl Oil
MININfJNSTOCKH.
Atlantn . .
Itutte Conner & Klnc
Ilutte & New York
Cerro de Pasco
First National Copper
(loldfleld Merser
Itecla Mlnlmr
IIowo Sound
Jim Ilutler
Jumbo Extension
McKlnley-Uarrash
Magma Copper
1 'Iptsnlng
San Toy
St Joseph Lad
West End Consolldiilrd
HONDS.
Cerro de Tasco
Chesapeake it Ohio 5a
Mldvale 3s
Now. York City 4)js
St 17 H F 4s w I .
110 adj us w 1
Asked.
22i
no
101
1111
M
no
70
H.-i
1K7
(Hl'.a
41
H.-,
13i
41
.12
s8:
!5,
(13
2(1
120
13
!)
33
lr.-io 1 .
So
l',i
173
22(1
2in
212
CON
207
20 (i 21 ii
.1 S
mi. mi
in 17
111 tl.'i
11 12
2i 3
11 13
7. H
2. a
37', 38
V. (I
12 It
'. 4t;
1)3 ON
73 Nil
111 411
17J4 17.
7i 7.
17J4 1HU
Id't 1(11
M) HI
..11(1
n7!i
.. U7
..102.
.. 72
:.
do II Oa w 1 84
11!)
1)71
07
102'J
74
70
87
Cleveland Bonds for Equitable
CLEVELAND, April 18. Director oX
Finance Is'eal has awarded the following
bonds to the Equitable Trust Company of
New York: 1275,000 4'.i per cent, and
$225,000 4',i per cent. 1-25 year serial
street Improvement bonds for a premium
of 5711.75 and 4673.25 respectively, and
5 per cent. 3-year averaee street Improve
ment assessment for a premium of $16,-051.20.
A GUARANTEED BOND
Tax Refunded In Pennn.
Karnlnrs tnlce charies.
Large Sinking Fund.
PRICE TO YIElfD6
MELLOR & Pj
fcriV
Members N. Y, & I'lilla. Stock Kichanie
338 COMMEltCIAL TRUST IIUILDINQ
mnr.cTORY or accocntantb
Certllled Public Accountants
IJVWRENCB B. BROWN CO.
IBIS REAL ESTATE TKUST IIUILDINQ.
City of Philadelphia
Thirty-year 4 Bonds due Jam
Coupon and registered bonds,
$100 and multiples
Price 102 and Interest, yiel
Free of Pennsylvania State Ti
Government Inco:
Legal investment tor trust funds and accepttfcle as!
United States Postal Savings Deposits.
lafj 1,1946
denominations
threoKI
ding but J.BiiU,
9 Mt it 1iwWl.
ax Bsfa umteofatitea
BCCSi
rity for
urrtnt circular or tnvcstmtnt otftringi acnSJ upon rtqutit.
Graham 3c Cq,
ankers
435 Chestnut Street;
PHILADELPHIA
412 Tono Del
no Tono Mln .
.in Union Trsc
j)!" ii m meet
00 York Ilwy pf. 30
BONDS.
4
A
3!l
-'U
14000 Am ri jK. r.t R un
iooo fon T N J M.loati t-M
I'ooo Harw Kleo.ne.ioait loaK
iooo intn Jlys 4s., B8 r.S..
IfinO T. Val -n Sm . tl'..! tfli
14IMIII Nt I'rnn r'n 4 Tfl
1000 Pn CO IT 44s.loi'(
imiw no ens 4tis.io
1000 Phil Co ens fts 11.1
.1000 Phlla Klec 4. n
KUDO Head sen 4s,. 04
BOOO Read-Jr Ct 4s. 00
4..
' J." ii'- '
... -,. . . . .
Siji 8.1.
80 H SOU
2:30 Net
imv. p.m. chge,
na nn . . . .
8Sh t..
. u. . '. . . . .
101J4 llllji ..
ll.1 DSH U
D4H 04H
00 00
financial Briefs
Tho Public Utilities Commission of Ohio
lias authorized the Issuance of $4,500,000
first and refunillnp; mortgages, 5 per cent.
slnteltiK fund gold bondn ot the Cincinnati
Clas nnd Electric Company. A syndicate
has been formed, with A. 11. Leach & Co.
as managers, and a publlo offering of tho
bonds Is made nt 99 U and Interest, to
yield over 5 per cent.
Spencer K. Mulford, Jr., lias been elect
ed a member of the Philadelphia Stock
Kxchange. The name ot W. Illncklo Smith
was posted for membership, Mr. Smith
having bought the seat of the late Joseph
II. Seaver.
Twenty-three mil roads, which operate
In tho United States only, have reported
gross earnings for the first weel: In April
of $7,707,083, n net Increase of $978,221
over the corresponding week of Inst year.
This Is a net Increase of 14.54 per cent,
ns ngalnst a decrease of 5,30 per cent.
In 1915 and an Increase of 4.24 per cent.
In 1914.
The New York Subtrcasury gained
$980,000 from the banks on Monday mak
Ing a cash net gain slnco Friday of
$2,817,000.
During the first hour of today's session
on tho New York Kxchange $626,000 Anglo-French
loan Gs wero sold. Lots of
$417,000 nnd $183,000 were bought nt 95,
i of a point tinder last night's close.
Application linn been made to tho New
Yotk Stock Kxchange to list the following
securities: United States Smelting, Kenn
ing and Mining Company, $12,000,000 con
vertible 6 per cent, temporary notes due
1926 and Advance Itumcly Compnny, $13,
7GO.O0O common stock and $12,500,000
preferred stock.
The .poard of Representatives of the
Now York Curb Market Association has
listed and ndmltted to quotation tho 1,000,
000 capital shares of the Alaska-British-Columbia
Metals Company of a par value
of $1 as a prospect.
The Grant Motorcar Corporation reports
for March net earnings of $46,181 nnd
shinments of 641 enrs. Tho earnings for
the flrst two months wero approximately
$92,000, or about $22,000 more than tho
llr.st year's dividend on tho preferred stock.
Total shipments during Janunry and Feb
ruary wero 1418 cars, compared with 305
cars shipped during tho same period In
1915 This Is nn Increase of about 7214
per cent.
The Listing Committee of tho New
York Curb Mnrket Association hns ruled
that on nnd nftcr Monday, April 21, the
permanent voting trust certificates repre
senting tho common stock of tho Curtlss
Aeroplnne and Motor Corporation shall ho
tho only good delivery. Tempornry vot
ing trust certificates can be exchanged
at the Franklin Trout Company.
llctlrlng directors of tho Chile Copper
Company wero re-elected at tho annual
meeting of the stockholders held todny.
There were voted 3,518,837 shares In per
son anil by proxy out of 3,800,000 shares
outstanding.
Tomotrow. Patriots' Day, Is a legal
holiday In Massachusetts.
The Baldwin Locomotive Works has re
ceived orders for one Mikado type loco
motive for the Clear Lake Lumber Com
pany, of Clear Lake, Wash.; one 0-6-0 type
engine for the Alabama Company, of Blr'
inlngham, Ala., and one 0-4-0 type for the
Alan Wood Iron and Steel Company, of
Conshohocken, Ia.
The Kings County Electric Light nnd
Power Company reports gross enrnln.'s of
$2,136,019 for the three months ending
March 31, an Increase of $381,770 over
the corresponding period last year. The
net Income was $690,849, an Increase of
$47,182.
Quicksilver Takes Drop
Quicksilver is now offered at $128 a
flaskToff $2. AOUSy
WANTED
Bond S;
WITH A CLII
A. B. Leach & Co.
IIS S. 4th Street
A I
ivutktif
WTELE
EARNINGS OF YOftK RAILWAYS CO,
FOR MARCH AND FOUR MONTHS GOOD
Large Increases Shown in All Items Loaded Car Move
ment on Pennsylvania Railroad 33 Per Cent.
Above Last Year '
Holders of the common and preferred
stock of tho York Hallways Company were
pleased today at the showing made by the
company In earnings for the month of
March and for tio first four months of
tho fiscal year. The company's gross
earnings In March -were $80,226, a gain
of 27 per cent., while the net, $46,113,
showed a galri of 63.8 per cent. For the
four months the gross was $316,741 ! In
rense, 22.1 per cent., and net, $181,576, an
advance of 43,3 per cent. Net Income for
March, after deducting total charges, was
$21,708, a gain of 244.3 per cent. There
was' n balance of $20,144, Increase, 300.4
per cent., after chnrglng off $1663 for
depreciation. For the four months the
balance Is $74,169, or an Increase of 113.5
per cent.
The statement explained the recent
activity and strength of the common stock
on tho Philadelphia Stock Kxchange. In
dications nro that the company will, If
tho earnings continue nt the present rate,
earn In the neighborhood of 4 prr cent,
on tho $2,500,000 'common stock for the
year, as $74,000 of the required $80,000 for
tho 5 per cent, dividend on the preferred
has been earned In the friur months.
Beforo the common stock can participate
In the earnings of the compnny, however,
there are about 5 per cent. In accumu
lated dividends on tho preferred stock
which must bo paid. The preferred be
came cumulative on December 1, 1910.
On Change today thp preferred was off
VI of a point.
Movement ot freight over the lines of
the Pennsylvania llallroad, cast of Pitts
burgh, continues on a large scale. The
dally averago loaded car movement pat
ten Junction points during the first two
weeks of April, figures for which came
out today, showed an Increase of ii per
cent, over tho same period of 1915. The
total number otcars moved In the period
this year was 469,096, an Increase of 116,
388.
Announcement was made today that the
Stock Listing Committee of the Phlladel-'
phla Stock Kxchange has admitted to the
regular list of the exchange $6,304,800
National Properties Company American
Hallways 4 per cent and 6 per cent, "se
cured gold bonds, due January I, 1946,
coupon with privilege of registration nt
principal. Before 2 o'clock $14,000 of the
bonds had sold nt 70.
The annual report of the American
Railways Company came out today. A
comparison of the report with the previous
fiscal year Is not possible because the
fiscal year of the company' was changed
from June 30 to the calendar year. The
gross Income of the American Hallways
Company wan $1,145,624, nnd net Income -$469,385.
After the payment of tho pre
ferred and common dividends there was a
surplus of $17,286. This makes the total
surplus $799,031.
Philadelphia Itaptd Transit trust certifi
cates made a fractional response to the
favorable March earnings. The gross fpr
the month was $2,256,672, an Increaso of
$227,761,' or 11.23 per cent., as compared
with the same month ot last year.
On the whole trading on the Stock Kx
change was on a small scale. Baldwin
was ono ofMho weak features, going oft
l'a points before noon. Bending followed
the trend In the. New York market and
was strong, advancing moro than 1V4
points. Tho mining Issues were about
unchanged.
$100 BONDS
p.C.
Province of. Alberta ... 4"4
Anulo-Krencn n
Argentine, Government. . fi
City of Ilaltlmore ....
I'llv nf Chin liar Con
City of N Orleans Imp
city or vanrouver ...
New York city rrc. . .
New Yorlc City res'. . .
ii n.n k r, Kan 1st..
Cen Vermont Hy 1st ren
Chl, if & w Denver j.xi
Chl M Ht I0 It Con
Chl M A fit I conv,
f-nl A, RA llnf & Ext
New York Cent. eon deb
M V M. II T. fr-.rtel 1st..
N Y Nlltll con delfcctfs a',4
N Y N nan con net) res; n
Norr & west ist con..
Heal) , A Ii 1st nnd con.
Ho Par-Sun F Term 1st
Virginia ny 1st ......
Am AbtI Chem conv deli
Am Ire Securities deb..
Am Tel T coll tr ctfs
Am Tel fc Tel eonv....
Belli fiteel 1st & It-fund
Central Leslher Ist rec
Mill.. Utrvtr con notes
Coinmonw P llyfc I. con
Denver una uicc ist n
(lererot Kleetrie rteb... .T4
Clt West Power conv deb 0
4
k
n
4
4
it
n
n
nid,
II3W
im'i
no
Due.
in4
1020
1045
106'
11)17
1020 100
in.i
1903
lDAn
:--- 'zzt'
ji'nu im
1020 H2(l
IViX 111)
2014 ion
1032 100
1033 HI
103.", 11.1
11140 01)
inr.n 71 ;
mis nn
lnim nu
mir. nn
in.io r,U
lDR'J nx'
1021 IIS
11)25 S3
1020 Dili
tl)3il 105
1042 1004
102.1 100
IMS 100
101ft 101
inin nn
1011! nl'i
1025 07W
1V
1)2 i
loofi 1
lOl'i 1
noT
(5
Ii lo.it
101U
07!i
n.t
00 ;
nn
114',i
1)4 1
loot,
tin;
K7
inn
wiji
101
101U
103
100
BANK CLEARINGS
Bank clearings today compared with corre
sponding day last two years,
lnin. 1015. 1014.
Phltada. ..M,S41,n2l t2B.. 1(1.1, Oln Kn,R17,T2
Now York. 535,054,050 427,584,020 33,23I),(17S
Boston .... 30,001,287 25,707.008 33,472,078
ELKINS, MORRIS & CO.
BANKERS
Land Title Building
Philadelphia
Pcnn Central Light
and Power Co.
1st Cons. 6s, Feb.,
Tax Exempt in Pi
Yield About 5.80
Ar ,.
(
ulna. I
Investment
Inquiries
regarding practically every
security of prominence dealt
in in this country will be
answered without charge b
our investors Servicer D
partment.
In order that you
nave complete lntorrfflrrfon
about this department and
the service it renders send
for our Investors' Service De
partment Booklet No. 3o8.
William P.Bonbright&Co.,Inc.
,, MORRIS WISTAR STROUD, Jr. ..
mansrar
437 Chestnut St., Philadelphia
Nsw Tork Dotton Detroit
London raris
William V. Bonbrlr ht & Co. Sonbrlght A Cs.
v . r
9- S t
a i Jr
maw
BUILDERS
Ilefore your prenpnt company hns n
rlianrr to nor "No," nk m ubout
pliiclnc your surety homU. I'll stve
you tho bFHt of urn Ice. re lie re you
nf nil dftalti. inwitre yoiiJattlnir
lowrflt rate and protect 3rMnfecry ,
way. net itrw nr.it) iui.
HARRIS J. LA"
Pennsylvania Bldtj,
vbfv
wmmwawfflfflmm
msmnmnmsfmm
Legal Investments
Till; laws of the Stale of Pennsylvania rcstricl Executors,
Administrators nnd other persons responsible for the invest
ment of Trust Funds to the purchase of certain specified kinds
of securities and properly
TT0rt the convenience of such of efflr clients
X cstcd in the subject, we havcnprcparci
entitled "Legal Investments in Penisylvan1
mailed on application
Philadelphia Trfist Company
415 Chestnut Street . : : 1 1415 Chestnut Street
Philadelphia
.Mas!igiismmMrMarrTWM
th' 'it
as miflrue njlcr 0
arirbnef h&WrJF
w .r ... ...
, t wnicii YlUffio
NEW LOAN
)Ve offer, subject to sale
$2,500,000
School District of PhiladelphiaFlnnsy,
4 Serial Gold Bonds AS'
r Dated April J, 1916 r
Maturing $125,000 annually October 1, 1926, to October 1, 194S, inclusive.
Interest payable April 1st and October 1st. Registered bonds in denominations
$500, $1000 and $5000.
FREE OF ALL T&ES IN PENNSYLVANIA, AND THE FEDERAL INCOME TAX
No certificates of ownership are required in
collecting interest on these bonds.
The School District of Philadelphia is co-extensive with the .City of Philadelphia.
All taxable real estate in the City is subject to taxation for school purposes. A fax has
been provided sufficient to pay- the interest and taxes on this issue of bonds and pay
the principal at maturity,
The net debt of the School District as of January 1, 1916, and including this issuel
is only $14,712,870.55. ' ,
The legality oi this issue has been approved by John G. Johnson, Esq.
THESE BONDS ARE A LE0AU INVESTMENT FOR SAVINO BANKS AND TRUST FUNDS IN FENNSVLVANIA
Definitive certificates will be deliverable against payment .
on and after April 24, 19J6.
Price, according to maturity, to yield about 3.875
BROWN BROTHERS & CO,
Fourth and Chef tnut Streets
i Philadelphia
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