W- '"3L rill
ajjti-. . math wtii'i i initT wHi
.'Jlllpl'l" L i ii In
,'ffly
set
l&VB Kilter gBP&EBBHtLAPBJiPBCrA, . dyfiAY,, ARflLL .U, 1016..
: ,..TT , ,, , .. ,,. m. . . - ;' i... ; - "r7? ' J .',': rj --t-
FINANCIAL NEWS
BEK STARTS WITH RALLY IN STOCKS;
$LTURDAY'S SELLING WAVE EXHAUSTED
&3jWs Developments Over Sunday Furnish Incentive for
SK p Improvement Persistent Accumulation by Strong
V Interests in United States Steel Common
r,:Wgt
mm
r,-J. ?y' NBW "K. April 24.
i'xiie stock market acted today hb It Saturday's heavy losses were nothing
e than an unpleasant dream, from which there was a sudden awakening
the beginning of business this morning. Commission house clients, how-
V knew only too well that the wiping out of margins was real nnd that the
ent which had beeh forced to liquidate on Thursday nnd Saturday was un
fM td participate to any extent In the dealings today, except to a moderate
ereet on the selling side. The bears went through the same experience often
itoteft on bull movements of "seeing paper profits" wiped out.
There was plenty of Incentive for substantial Improvement In sentiment
t be found In the news developments over Sunday. There was promise given
In the German advices that the two Governments wilt emerge from the sub
tjnarlne tangle without an absolute rupture, and the Mexican developments were
io of a reassuring Character, with most Importance attached to the conference
arranged between the military leaders on the border. The morning rally In
Jwices Continued In the afternoon, although the mrtrket was not as active. Grain
tanged from 1 to 6 points.
A good deal depends on the action of the United States Steel directors to
morrow. The Street has been led to expect that the earnings of 8 per cent,
en the common stock for the qunrter ended March 21 will be responded to with
the, declaration of l,i per cent, which was distributed last January
The copper stocks gave a better response to the known hlgUly favorable
conditions of the metal market. Hut there was the doublo Incentive In putV
Chases of Greene-Cananca, which advanced 4 points, ns that stock was also helped
by the Mexican conferences now pending.
On the board room floor most Interest was attached to the United States
Steel common, which, after opening above 81, was forced down to 8H4 on a
btokf drive, btit as soon as the bears ceased their efforts the price quickly rose
to 82. This was assumed as reflecting persistent accumulation by strong Intel ests.
It was a matter of comment that good buying was In the market on a
larger scale than at any time since the beginning of the mouth. Hear operators
bid for stocks, making urgent efforts to cover shorts, but accumulative orders
prevented their obtalnlhg much stock.
NeU) York Bond Sales
.. .'r
si iosil
4
lit
At Co Um tat 4 .
lo 4 , J JJ,,
Hl-h.
9S4
.103
112
. 01
M.
2I8JOO Anle-Frnch ,B. ,
,4000 Atn II I. On ..
ltooo Am Tl elt 4a . . ..
DOW Am W Tap fia ;
811000 Armour Co 4'.t . .
noon. Aicnuon nn 4
1000
8000
lomi
.4000 do 4a
13000 do cv 4H !
itSOOO do 8wn SVia .. ."
8000 llalh Hteel lit 5a .J";!
T00OO II O Ba JVOH
I00O II II T Ba 1918 'J"?
nilOO t'al O B Ba . . . . 0?
2.1000 Can O f,a w I l2t??sj
IViw
10.14
7it
9S
9Jf.
iao
p. m,
7SH
HI
SOOWl do 1981 JJ
711000 do l2t ..... ?
18000 C-nt t.eth 1st '"'
2B00 Cnt I'ac 1st 4a .... S
B00 Cent Vermont 4a ..4S.-''
2ooo emu covrjr u J
J WW rha A tlhlo 4'ia .. J(l
11 000 Chi A Alton 8a ... Bti
looo I'hl A Kaat til & TB
ii.wi ..hi ri Wal 4a 71
sHimhi i' n t a Joint 4a.. I'K
4000 C n A q 111 4a ... JS
iimmi i:v 8h I. n 4'4a..l00'4
nihhi Pol lnduatrlal .Ba J
8000 Corn I'rod Ba
PROBE L.&1NL RAILROAD
FOR ALLEGED LOOTING
'!
at , . . w , .
1000 Cuban-Am Sutar sa.ioj
20IHI Del A Hud rid 4a
IUi. 7U
Aa..- 7.1
H7H
IL
?fHin lltmlt United 4
3B000 mt Secuf Cofp
nfX; ... .-.I. ..... 4. Mar It 7B
lituoii Krla cv 4a Ber II w I S4l
HOO(l Fla & reaai uo -i-.j". "
000(1 (Ireat North.... ..
2000 llud A Man tfd Ba. . .
14000 III Central 4a 1BB8. .
looo Interb Met 44 a.,.. .
1(1000 Interb It T ref 5a...
169000 Int Mer Mar ct....
7000 Jap new U H 4'4. .
400(1 Japaneae let 4Ha ,.
4000 K 11 Ft H A M 4a...
.10UII I.erka Steel Bd IU',.1.
IBOOO do 08 mud.....
200(1 Ijicleilf tlaa tat Ba
4000 l.air A M T Ba
. 1414
H IB
KM
78
NO
72H
ao
SB
77 -MW
.tins
.lotS
Ann Arbor Railroad Sells S7.'i0,000 Notes
NEW YORK, 4prll 24. 4V syndicate headed by K. J. I.lsman A Co. has
purchased $750,000 three-year 6 per cent, notes of the Ann Arbor Ittillroait Com
pany. The total Issue Is limited to $1,000,000. The notes uro to be dated May
1, 1916; Interest payable semiannually. May and November 1st, nt the Kmplre
Trust Company of New York, trustee. Denomination, $1000 each. The pro
ceeds will be used to pay off a like amount of notes duo May 1, laic.
NEW YORK STOCK SALES
Alulca J Gold M . .
Alaska Gold Mine'.,
AUls-Chalmers Mf...
Allls-ChalMfepr....
Am As Chemlc.il....
Am' As Chem pf. . . .
Am Dect Sugar ...
Am Beet Sugar pf...
Am Can
last
cloae.
. 9
1U
LM
. 7.1
o:i
07
93).
52).
Am Car Fdy ., 53.4
Am Car & Fdy pf
Am Coal Products. .
Am Coal Trod pf.. .
Am. Cotton Oil.
Xin Hide .A Leather,
Am Hide A L pf ...
Ab) Ice Securities . . .
An LInSeed
'Am Linseed pf
AmkLocomotlre ,. .
Amfl-ocomotlre pf..
melt & Ref. .
melt & Itef pf
elt of A,. ..
teel Foundries.,
ugax Ref
11
ll))i
25M
74
01
97).'
05 J
93
fi554
mi
117
142H
Am
Am
Am
Am
Am
110
.141)
.llflh' 115
. ma 51H
,. 9K
. 49!i
.. 20!
. 22U
. 47J
. Cti
.100
2:30
Iiw. p.tn.
1) 1
lHJi Hilt
1!4 !!.")
Tlli 711! j
03 t3
97! H7U
OI!i (15H
U3 93
57 58!i
.1(1! j UOH
An u-2H
'id Pf
115 115
50!4' 5HS
9i 9W
19M 49JS
2f))j 20H
i2li 23
48 -I8W
oi lt can
100 .100
B8)i 92 SO!;' 91
,109!f 110U 110H 110H
.. 9t 03h 93) 93H
. Hit 40 44 40
.100 107!f 100 107!i
AmfSusar Rer pf 115! 115H 115Ji 115!i
AfcfTeliTel 127JJ 12751 127 127Ji
9)i
49!(
20)4
23
48H
GOK
100
.193
.105U
. 43U
. 97
,. 17)
..87K
77U
I Tobacco. ,
l Tob pf new.
1 Woolen
Cm Woolen of....
Am Wilting P pf.
Am Zinc L & Sm
Anaconda Cod M
Associated Oil , 04 H
Atch Top 4 8 F.... 1005J
Ath Top 4 8 F pf . 100
Bald Loco Wks fed
Blt A Ohio 8.D-3
Batopllas Mining 2
Bethlehem Steel . ..,.420
Bethlehem Steel pf. ...135
Brooklyn Rap Tr 83) j
Brooklyn Union Gas.. 127
Brown Shoe 55
Bosh Terminal ,
Butts A: Superior
Cat Petroleum
Cat Petroleum pf
Canadian Pacific ,
Case J I Th M pf.
102K 101 191
105U 105U 105f
44H 43H 44)i
97i 97J 97 '
175i 17Js- 17K
89 87 89
80?J 78!' 80Ji
03 G2U 2Ji
101H 10QH lOUi
101 101 .101
b8H ST,',i 88M
835f 82! K!!f
000
425 420 420
132 132 132
84)1 S3!j 8D4
120M 120H 120H
Mti 54i 54)i
110)r 108i 108J 108!'
87
21
45
103U
88
87 DO
21 21!i
45)i. 40)
102)S 104f
87 87
49)5 60)i
20W
52)4
12
33f
92)4
110
8SH
68)4'
iO'i
52
1I?4
.13
UD4
110
89TJ
6S!f
20U
52Jf
12
:t.'!)j
92K
00
Slit
4S)i
104?i
87! I
Central Leather 49)4 50!
y Central Leather pr....H0)i 110
S Chandler Motor 88 90)f
4-.. 4L 411.1. (TDI . ml
449 UI11U..,, 0?4 OQ'3
Chile Copper 20fi
Chlno Copper 51
Chicago Gt Western... 12
Chicago Gt West pf... aali
CM Mil A St P Dili
CM Mil & St P pf...,128)i 128) f 12S! 128H
CtdKI&Pae 10 16H 10)i lOJi
'Crt Fqel 4 Iron 39)4 41 38 W 41
C1 Southern 25 24!f 24!f 'Mi
Continental Can 81)4 83 81 82
Consolidated Gas 130 132 131 132
Cora Products Ref.... I7)f 18.' 17H 18)i
Cam Prod Ref pf OW OIK 01 91
Cnclble Steel 75 79)4 70?.' 79
Crucible Steel pf, 112 112)4 112H 112)4
Cuban-Am Sugar 210 212 210 212
Deere & Co pf 94)4 93)4 93)4 93)4
Del Lark 4 West.. ..000 -vy .
Detroit Edison. . ...131)4 132
Detroit United Rys... 98M 07? (
MRU Bee Qorpa 42)i
Dwne Mines. , 2-Of
Ilec Storage Bat... ,. 00
rle 32
Erie 1st pf 48
Fed Mia 4 Sm pf 37
Gen, Chemical pf 115
General Electric 159
General Motors ...... 410
enteral Motors pf 112
OMdrtch B F 73)
Gt4by Consol 84
Seae-Cananea 4 IK
VtMt Northern pf .
ti-jf ca lor ore prop,
N V O & It H
N Y C A St I. :
N V O A West
Norfolk 4 Western .
Northern Pacific
Ontario Silver Mm
Pacific Mall . .
Pennsjlvanla It It .
Philadelphia Co
Pitts Coal Co X J
Pitts Coal N J pf
Pitts C T A St 1, .
Pittsburgh Steel pf .,
Pressed S Car Co ,.
Quicksilver .
Hy Steel Sp Co ..
Hy Steel Sp Co pf .
Hay Con Copper. . . .
Heading . ...
Republic Iron 4 S .
Seaboard Air Line pf
Sears Hoe A Co. .
Shat Ariz Cop
Sloss-Shef S 4 I . .
South Porto R Sug. .
Southern Pacific . ..
Southern Ry .. ..
Southern Hy pf
Muilebaker Co
I .ant
cloae,
100)-
. 50 55
. 2014 2(1'
U9!i 119"
111) 110
SM 8'
. 24 J i
. 50
. 39) i
SI
100)4
. 711
. 98
. 44
2)4
. .32
07
22) j
. 82'f
43)
:hi-
3.30
HIkIi. I.tw. p.m.
101 100b KXI.'i
o. tl.l
2Pi'4 2OI4
119 119)
109'4
8).
50
.194'
22)
50" (
40U
24i
101), 101
TH
97,' 1
45
rs
97
43)4
2)
32
95) i
82'f
43) i
34),
110
8)4
22)4
5014
40U
24
101)(
78
97'i
45
'i'i
33
Jtt4
22'4
824'
4oli
13
Tenn Copper 44
33
90
22)4-
83
45)4-
35
-1734 174J4 174?4 17474
aoji .mi 3i; ni'i
48!.' 47 48
189 ISO 189
95' 4 !.". 95
19 IS 19
50 50 5(1
12514 123U 125)4
40 44)4' 45)4
I82U
ni)(l tirlllanl Aa ...101U
3000 N Y Air Ilk cvl (Is. Kit".
1000 N V C A II 34a.. mK
fillKMl N V C II (la . 112.,
7000 N r C A II 4s . . . -')i
7000 N V I! A II 4'4a . . 94
JOOO N V Oltv 4a Hm7..IIMI
IAIHNI N V City la 111.111.. 1IIU.
3000 N Y City 4 i 10(10. 102 S
SOIHI N Y City 4'ia 1003 10014
.1.1000 N Y llwy ailj Sa .. WIS
,(mi n r 'rei ten nn... hiv
tOOO N Y W U Vi U,4V4a TftM
L'000 .Nor ran prior , . x
aooo Nor Pac en Sa 05
Itltlill fir .Mhnrt I. nf 4n. U'i.
'.'000 Ore Short I. lat Ha 10M'.
140(10 I'actnc Tel .la. .. I00U
looo Penna 4a, lBotl,,.. . nn4
!30O0 Penna 4'ia 1U2I ...10IS
.10(10 Iteadlna Ken 4a USN
U'OIHI Hep Ir t H Si. .. on.
4000 Il4k laluml rfd 4a (IT;.
4000 Hock lalHIIil Sa.. .. tlH
loooo Hy ml Hprliicta '31 Sa btli
4000 Seaboard A I. mlj fie tlS
S00O Houth Hell r,a 100
KIOO Houth I'ac 4a M.1U
.10011 do rv 4 a N7i
111 11 1 .in rv r.a . . ... 1 n:i'
vooo do rrn 4s
looo Houth llwy Ken 4a.
zimti sotun llwy ion na
looo TcV A I'ac lat .la
4uoo Thlrdk..p ref 4a
noon Third Au.a.dJ ra
300(1 Toklo Ba
BUOtlO It H Ht4l if r.a . .
,100 tr S Mteel f(K af "
SI 000 V H Uo 3
1 1IC.lt .In
4000 Union
vooo Union
10(10 Union I'm; rfd 4a
3000 Vn Uwjb H K 4a
I'ooo v far I'hin-iii
noon Va Hwy Ba ' 1 .
240011 Vab.tati I.M r.a..
11100 Weat .Mil lat 4a
raca' 4a
u rrq
H V
ton
. . n;
. 70'1
7a
104
a. 104$.
102
. IP
. . mi
,,2lr
.. oo'i
. . 3HS
. lint.
:S
07 V
t3l
7Hi
13000 Wt i: A M c-5 w 1. 113
tooo Weat Union rl? a . . n.14
tool) Wlavon Cent gen 4a. M.I1.
73 .
113
IIS'.
COTTON SELLS LWEK.
HUT LATER ItKCOVEUS
. 63
.191
. 94'f
. 19
. 58
121)4
9
90!4
5Ji
30)4
90
00
leias Co i(i
Texas Pacific 8! 4
Turn City IIT .. .. 00).
Union Hag 4 Paper. . 5J,
Union Hag & P pf . . ;ki
United Cigar Stores . . 90
United Cigar Mfrs ,. ni
union racmc .
union racmc pi .. . 82JS 83
v s ind Alcohol itlTA 143
United Fruit 144)4 140
U8C I P 4 F lOJj 20
U S Realty 4 Imp 43H 40
Un Rys Inv Co pf 27)4 0fl'4
U S Rubber Mjf 52K
TS Rubber 1st pf. . .107 107
u b bleel Corpn golf ga
u o nieei iorpn pr,
U HSm It 4M Mi
USSm It 4 M pf. ... 514
u lan uopper 77;
180!i 182U
0
9.V4 9514
5)4 6!i
30)4 30)4
90 90
00 00
129)4- 130)4 129J4 130
82'4' 82)4'
1.38)4 140
144 140
10)4 19)4
40 40
iOX 20!4
50 52,'i
100)i 100),
t0!4 81H
110)4' 110)4 HO'i" 110,'i
Utah Securities 1714
68)4'
51
79!f
17)i
37)4
13)4
43
25)4
UMseliCent , 09)4 100
J4WrsoU-IUna ..300 205
Jut Agricultural 17)4 10
It Agricultural pf .. . 50)4'
JMHirrNJ - 110
l4XtMarv N i pf. .118
It Con Cor r t c ab. . lfl
lai'Con Corpn pf 72
lit Paper 10)4
1st Paper pf 45
If Coo Cop 43
I Nickel Ttcft. . mi
WMUaofdp.. 21
m M M pf c of dp. . 74)4
Ja-alTM 81
-Jwj!J1 Tea pf ..109
0 Xiu City Southern. .. . 24)4
jMhjt 6pg Tire
&& Tire pf
lafiMMU Copper ..
lj(p.latel Co .
L'ter Tire. ...
UiltA Valley
IJU'& Miers pf
twws-Wiks Bhcuif .,
iMt UUnJ . .
MtvtUt SleT gul .
iiaaweil Motors
Uu Maton 1st pf
Mi Motors 2d pf
Mutaut Petroleum
MexPetrokum pf
MUa'4 St Louis
Miag St 1' 4 S S M
132
07J.'
42)4
25
58
32)4
48M
37)4
115
162).' 1COJ4 101)4
405 405 405
112).' 111H Wilt
75)4 73)4 75)
84 84 84
40)4 41?.' 46)4
.118M 118)1 U84 118)4
37)4 39 38 38)f
43
25
58
33)(
49)4
37)4
115
o.
132 1
97;4
43)4
25
58
33U
49
37)4
115
Va-Caro Chem H7
Wabash jj
Wabash pf A 4;j
Wabash pf D ;;
Wells Fargo Kip . .125)4 125
nest E fll 64 50
Western Maryland . . . 29)4 29).
West Union Tel 88)4 88)4
Wheel 4 Lake Erie. . . 3) :t
00)4
51
77)4
17)4
30?4
13'i
43
25
125
54
28)s
88)4
3
68
51
79
17J4
37)4
13).'
43
2554
125
55)4
28)4
88)4
3
13
Willys Overland 212)4 213 2I1)
winys unpurlD... 103 103 102)4 103
mwworin 1 w 120 120H 120 126J
Quoted ex dividend.
DIVIDENDS DECLAIMED
Ohio Cltlea Qaa Company haa Increaaed divi
dend on common atoclc from 8 per cent, to 8
pr cent, per annum, 2 per cent, to be paid
Trenton Potterlea Company, reculur quar
terly or I per cent, on the non-cumulative
preferred atock. payable April 25 to atock of
record April 21.
American Uraphophone Company, rerular
?,u.tt"rly ".'i A pe.r c"t- on '" Preferred
atock. payable Way 13 to atock of record May
Flnley Acker Company, regular quarterly of
IH per lent, on preferred atock.
Spot Houses and Wull Street fluy Be
fore May Notice Day
NBW YOniC. April 24. SellliiK started
with a rush on the cotton exclunmi lit the
opening this inornluic and prices tlt-cllnrl
7 to 11 points on the call with 111" tone
easy.
The fact that tomorrow Ih the Oist
notice day In May caused considerable
liquidation In that option and ulso In
fluenced selling In July, which showed the
largest loss. Spot houses and Wall street
Intereats were buyers, with the supply
coming from commission houses and pro
fessional traders.
Liverpool was a seller here despite the
fact that the Kngllah market wns closed
today.
It was estimated nround the rlns that
fully 50.000 bales of May contracts were
liquidated during: the llrst hour. This
cotton was very rapidly taken, pnitly by
trade Interests, while many of the May
sellers were buyers nf late months, and
the general tone of the market was steady,
with prices working bnck to within 2 or
3 points of Thursday's closing figures
during the middle of the morning.
Temperatures were slightly lower.
11 a.m. i:
Interstate Commerce Commis
sion Begins Investigation
Thursday
WASHINGTON, April 24. Another rail-road-flnanclnl
tangle, declared to be paral
lel In certain respects to the New Haven
nnd Rock Island cases. Is to be untangled
by tho Interstate Commerce Commission,
beginning next Thursday. Chairman II,
If. Meyer, of the Interstate Commerce
Commission, nnd Joseph W. Folk, tho
commission's chief counsel, nre to go to
Nashville, Tenn., lo hold hearings, nnd
sensational revelations nre expected.
The Investigation Is that Into the finan
cial affairs of the Iulsvllle nnd Nashville
Hallway, and comes ohout ns a result of
a Senate resolution directing that charges
that this road had been looted be sifted.
Coupled with this proceeding will he th-
hearing nt the charges which Senator l.uke
I. en. of Tennessee, hns brought against the
I. nnd N. that the railroad has Issued
passes to State officials nnd politicians In
return for legislative fa vol s nnd hns In
tervened In Tennessee politics.
Saks in Philadelphia
Uh.
lis
IN
2(f rtald Wo
M Huff 8 t e
in Cam meet ... 8
10 V.run H!l . ?R
45f. P.''e .Htoraae BSK
ut- inn v,o A
to Kenn Cop
100 Key Tel 6n
jlO Lake Sup cor
jaa in nav
BO lh Val .,
.10 i,h Val Tr.
894 Pa lid, ... .
SO Pa Halt Mft
28 Pa steel pref
882 Phil Elec .
100 P rt T tr clfs
(inn neadinr
000 Ton llel .
22 Ton Mln .
loo Utah Cop
200 Un Trac .
10 u 8 Huh
sm ii o i . .
3140 V H v1tl .
180 do 'pref
300 Weat fcleo
10o v Ir . 8t
Ril York rty
Ki. dividend.
Low.
2:S0 Net
cna
itr. n.m. ch e.
m m-'t
"'" !!.'
2
83.
o
!iH
83U
81 tt
t?Jg
12'i
TS
"Li
2.1
$
sou
R0i
8
tVA
17
8:
n
42)4
8lft
SO
81S
110.
84H
124
7S
6U
28
MS
21
r.nU
nofi
9S
2TS
IT
AOV.
"J.
81i
lllli
84'
lOU
M
l
II
-ifi
s -a ri
ffiHlGH VALLEY TRaSsH1 EARNINGS
FORjMARGH AND 12 MpNtfHS GOOD
Increase Shown in Gross and Net Franklin National
Bank Increases Dividend 2 Per Gent. Pennsylvania
Railroad Fuel Shipments Large
t'i't'
h
i4?
IIONDH.
l.U,V, .
HI i.l
102,
88 H
lllsh.
400 Kler l T 4 S2
3000 llarw K na..l(i2U
100 Inter ttn'va 4a ns U
800(1 , V S C 4 Ha
wl llrex ret. 10OS
iovii i.en ai sn 4B h. wx".
12000 ilo gen 4U.loo4 loo.
.120 Nat P So 4-tla 70 08
8000 F'hlla Klec 4a, 81 i SI i
2000 Heart aen 4a.. 114 i 04 H
100(1 neatl-Jr C. 4a, .,', mi
2000 SOAR IN. lot "I 101 'i
looo Un Hjb t c 4a 74 74
400(1 WNVI' n 4a 84 H 84 H
:40 p.m. Ch-.
.si
102
88
's:
luo. 100
92 i .112 S
1IHI",
'".
S1V4
III,
118 U
tout
74,
844
fit
r.n'4
"i.
Thura. ctoae. Open
March 12.03 12.83
May ll.sil 11,70 11.80
July 12.01 1 1 .03 11.1(8
October 12.21 12.10 12.1(1
December ...12.39 12.28 12.34
January ...12.40 12.37 12.42
11.82
11. DO
12. IH
12.37
: p.m
12.00
12 20
12.38
Postpone Rock Island Hearing
CHICAGO, April 21 The hearing on
the petition of Iouls C. Kruuthoff, attor
ney for the Peahody Stockholders' Com
mittee, for the foreclosure of the Chicago,
Hock Island and Pacific Hallway before.
Federal Judge Carpenter, was today post
poned until tomorrow.
NEW YOKK CUItf.
i.vmwriiiAi.8.
m.i
Aetna Knploaltes IMS
l.l'enlohr 84
do pfd 98(4
Ajar Rubber '
Am.llrltlah Mf 18
Am Marconi ....-. , 3
Atlantic (lulf 31;
do pfd 4n
Canadian tnr Co 08
do pfil 82
fhnvrolet Motora 181
Cuba I'nne Mtncar 87
I'urtlaa Aeroplane 40
rirlKia-Hrnlxiry 138
nmeraon I'honnKraph II1,
llnahnll tr Darker 38i
Henileo Mfi' 2ft
Inter .Mee .Marine I'm,
ilti nref 73
Knlhndlon Ill-onre pref 22.
Mnttm Miintllona
ManhattRM Tranalt
Mldvalo Hle
(Ilia Kllvnlnl-
reerlean Motora 21 't
t'uole Knir , . 9(1
H H ICreeae 12
.stnndard Mntora 7'4
Submarine Hont 33
Trlanirle Film 3
United front Shnrln '
V S I, II cum 2'a
do pfd 4'i
While Mntora 47'i
World Film i
MTANDARIl Oil, fltm.HltJIAIUF.S
Illinois 170
Ohio 220
I'rslrl I'lpo 20(1
M (I nf I'allfnrnla 233
K O nf New .leraey 49.1
S O of New York 20(1
oTiinu oir, stocks.
f'onden OH
Chnlmri Oil
Inter I'et
Houston OH
Mldn-at ltef
Sapulna
Ilnrni'tt OH n lid Una
M1NINO STOCKS.
Atlnnln
Ilutlo Conner
Ilutti. NT . I
(Vrro lie Phhi ii
Flrat Nntlnnnl Copp,r
Ooldlleld Merser
Ileclft Mlnlnit
How p Sound
.11m llotler
Jumbo Extension.
Keneflrk zinc
McKlnley-UarrnRl
Mitirmn Copper
Mlnea Co or America
NIptsslriK
Sin Tov
St Joseph Lead
West I2nd ConaotlUateil
1IONI1H.
Cerro de Paaco (la
Chi'aHpeakn & Ublu
Mldvnlo 8a
N Y Cllv 4'. a .-.
I-ehla-h Valley 4Ha
St Paul 4a
St l.oula S A 4a . . . .
IO'i
8
l((.
144
111
104
1314
1
'-14
33j;
J.':
in
70
4N
10".
211
7
1(1
18
78
Aaked
19'.
3R
101
(17
28.
3U
321.
AH
70
80
t83
87S
48
140
13
30
30
SI.
78
24
n
N
04
23
100
Il"4
8
.14
3'.
1
8
4
48
1
172
223
Jin
238
300
203
20IJ
8
in;
in
02
1
37
8.
on
78
14'i
80
17
18
18,
82
UA1LR0AD EARNINGS
i.riikiu vAi.t.irr
1910.
March 13.889.1118
Net for March . 1.1 39,080
Nine month. 33,143,212
Net for nlno montha . lo.372.89tl
UltAND TltUNK
2d week April . ... 11.024,803
Krom July I . 42.344. IM9
SOl'TllF.ltN PACIFIC
March uro.s, . . $12,773,888
Net 3.997,040
Nine montha' xroaa ..118,891,042 I
Net 88,882.303
UKNVKIt ANO HALT I.AKK.
2d week April 120.200 12, ins
Krom July 1 1.821.048 200,077
Decreaae.
DAK SILVER
Commeiclal bar alher In New York was
quoted at 08Nc, unchanged
Increaae,
1080.039
230,903
3,870,738
1.003,077
1189.847
3,209.780
11. 8n3.7i'ill
831,32.1
10. 749,190
8,632,40(1
The I.ehlgh Valley Transit Company
today Issued Its earnings, statement for
March and for 12 months. The statement
comiWed very well with the same periods
of the previous year. Operating revenue
for March was $192,101, Increase $40,031;
net. $79,0.17. Increase, $14.6.12. Hcvenuc
for 12 months wns $2,205,377, Increase.
$300,039; net, $977,776! Increase, $138,189.
Announcement was mnde todny that the
Kranklln National Hank had declared n
semiannual dUldend of 10 per cent. This
Is nn Increase of 2 per cent., S per cent,
having licen declared six months ago
The dividend Is payable Mny 1 to stock
holders of record April 29. There was
Btlded to the surplus $2SO,000, Increasing
that Item to $3,2i"0.000, which leaves un
divided profits of $.100,000.
Fuel shipments over the lines of the
Pennsylvania llallrond east of Plttshiirgh
nnd Krle continue to show Increases ns
compared with last year. During March
1,120,0(10 tons of nnthrnclte were carried,
nn Increase of 305,188; hitumltious, 4.
20.1,171, Incrense, 969,901; coke, 1,357,
004, Incrense, 480,472; total, 6.G80.2.15. n
gain of 1,746,661. For threo months the
total shipments were 19,G2(!,027, a gain
of 6,080,721 over the same period of last
year.
Price movements were Iriegulnr on the
Philadelphia Stock Kxchnngn todny and
ttndlng wns quiet. There was n drop nf
3V4 points In Mnldwin, ns compared with
LIVE STOCK QUOTATIONS
CIIICAOO. April 21 1IOOS ltecelpla. 33,
OOOi market liic hlaber Mned and buti liera.
9.800.0.ij Kooil henvv, In n.ieii.li.. rousli
heaxy. III. ir.W0.dll. Ilslit: in 3(iMli.ti."i, plus,
I8WII.20: bulk, Ili.tloHJO S3 ,
t'ATTI.ll Iteeeiiits. 18,000: market lOWIBc
hlaher. Ileees, 17 U34I 10. cows nnd helfera,
13 IMICfO 18, alnekera nnd feeders, 10.3058.80.
Texanfl, 17 .10 WH, enhea. IS nil Win.
HHKi;i' Itecelpts. 17,00(1, market ateady.
Nntlie and Wcatern. Ill 2.141 U 3.", Inmba,
111. 18 SJ1 1.(1(1
R A
67
the Inst previous sale, rind ft J-polnt -loss
In Klectrlc Storage Hnttery. Part of thlh
loss was recovered later In the day. Le
high Vnlley Transit slock did not respond
to the fnvornhle earnings, the common
selling off a '4. Tonopoh Mining gftlhcd
n small fraction, as did Philadelphia Eleo
trlc. t'nlled (Ins Improvement sold up n
point before rtoon. The market remained
quiet In the afternoon.
PUBLIC SERVICE
SECURITIES
"The dependence of mu
nicipalities on Public Service
corporations is the atrenjlh
of their securities."
Q Consumers' Electric Light ana
Power Co. (New Orleans. La.). 7
Cumulative Pfd.
I New Orleans is one of the foremost
cities of the South.
port tacilities are unei
tj JJividends have Ifofli paid
Pfd. without lapseAiace'
on the Common sinccJ912,
J We rccommTrl"nis preferred stock
as a hirihlj desirahle investment yield
ing a large return, at present pricef
heinK6.86r'.
1$ Fullest investigation requested.
Bakei? Aylirvg t Co.
Land Title Bldg. Philadelphia. .
of the foremost,
Its shipping njartr
.11:1
. 97W
. 90Vi
.103
. imm
. 04";
. 08',
110
97.
97
103'.
100s
08
till '.I
NEW YORK BUTTER AND EGGS
NEW YOKK April 24 HUTTErt fairly
active nnd tone Arm. Itei-elpta, 410(1 parkaitea.
E,,rB...,',e'"n.? 33HM37;c.: hlsher acorlnr.
sa 3.1viri.: H,,e dairy, 35c; Imitation cream
ery. 30ffi)Slc
F.OUH Arm on hUh.r srades. Rerelpta, 2.1,
90S caaea. Plrata, 2122c : white eaaa, 24p
browna, 2.1w2tc. mixed editor. 21'i 0?23c re.
frigerator beat. 224W23'4o
I.EOAL ADVERTISRMENTa
MJtmi COCtarT
Its-aUu i Teii
Mo Ha Texsf pf
umm ?am,
Uclwtrct. .
aferr
Mihuiss Co
68H
.. B7H
.. fi2
. 65
. 48M
. 75
119
1 17
. 22J
129
. 69).
. 78
SI
69H
91H
m
117
3ii
10H
3H
3)j
76'4
mi
62
IT
l&i
m
Mi 100
205 205
15H 10
52 50
110i llOJ.'
118 US
10
7Ui
10!i
45H
42H
40it
21)j
74U
82H
I01
23H
68i
Q5H
an
65H
49
75
121
mi
o-
129
70M
79
50Ji
00)i
83!i
6H
mu
72
10
45Jf
43lt
4711
21H
7054
fU'l
108
23i
60
05J
64H
67
50
75Ji
121
17JS
22
129
73
8Hf
MH
o:m
H0J4'
J7
3Ji
10U
m
3li'
7GJ.
52
HUi
118
16
72
10!."
45H
43U
47H
21U
76
841.'
KW
23H
69
05!i
51
67
50
76 J i
121
17H
129
73U
81U
52)f
03).
935.
7
IW( 116H
36
3H
10
3
3
7ft
ji'J nan
7&H 76M
20
37
3K
IQH
3!.'
3).
7HH
119
76,'i
21.
63
IN TIIK IH8TIIICT COUKT Of THE UNITED
Shut, for lha Ka.tern Dl.trict of l-.nn-
aflvitnla.
In the matter of laaae Korentteln. Individually
and tradlna- aa I. Kannaleln.. Hank.
rupt. No. 862(1. In bankruptcy:
ii0iic !? D"u'. 'in that laaac Korenaleln.
!5?.iyldu."ilf' nd ''"""n aa I. Korenaleln. of
1'WlaJelphU. In tho County of 1'hlladelphla.
the abo.a bankruDt. haa nn ih. 4k . .
April. A. I. 1(1 1 a mada application to the
aald Court for hta dlacharve. ana that a hear.
'.?.. P J'lii "PPllcatlon will bo had at the
United Biatea Clatrlct Court, at Philadelphia,
on lha 3th day of June, A. O. 19m, at id
o'clock A. I., at which tiros and place all
creditor! and other peraona In Intereat may
appear and ahow cauae. If any they hae.
why the prayer of lha aald petitioner aheuld
not bo drained.
, JULIUS C. LEVr.
Attorney for Bankrupt.
ANNUAL MEETINGS
NATIONAL J-KOl'EUTIKH COlll-AVv
V3? 003 Market atreet. Wllmln.ton. Del
To I he Common Htoclthaldera of .VatUoal
I'ropcrtlea i'a.I
lou ra nerauy nouneo that lbs Annual
Meeting of th alockholdera of tola company
will t held on th. flrat Uy ff SI., .MPj";
UauJred ad Mliteen, at 11 a'cUrk In tb
forenoeu. at tba ottlco of Ih company. 603
Market atr.at. Wllmlnjton. Del . for tha pur
poae of electln Uoard of Directors for tha
naulntr ear and for tha traneaclion sf auch
other bualneaa aa may properly coma befora
th meettn. -....
VAN HORN ELT.
Pre.ld.nt.
DIVIDENDS
VKANKI.IN NATIONAL. HANK
fbiiadelpbU. April 24.' 1B1
Tb Diractora bava thU day declared a aeml
annua.1 dividend of tea 10) per cant., fre. of
tl. paynbla May . 1910. to alockhalder! of
rncora at the ctoa of bualneu April 2V. and
aUu add4 1230 000 to tba aurplua. making1
that fund now 13,260.000 jnmr
Checks will U oullad.
J WM. IIARDT.
Caablar.
TUK (J1UARD NATIONAL, U.CNK
r'uiuduuiu, wll is, 1910.
Tha Directors haWtf Ihta dav d!.... -
dividend of slbf pet'ecnt. (Si, ir of t.
paysbla Mar 1. lfl. to stockholders of record
at tbs cloaa of bujfn4, AprU 2. ISti.
WUKW
Itu
ClUlll.F.I U, ASHTOH.
Cashlsr.
Indiana Lighting Co.
First Mortgage 4s
Int. Feb. & Aug. Due 1958
To yield over 5
Company Controlled by
The U. G. la-ds, of Puila.
REED A. MOR
WEST END TRIW
Members of Ike r
PANJr. GO.
if n0i.C.jflllK
Stock Kithant
Suggestions
How to Invest
for both large and small
investors win De
those who write fj
Circular No.iL-14
A. B. L
eacw
given
or ourtf
I. r
&0.
InvestrrientJpecurities
115 SouthyFcirth Street
rhlladafphla
New Tork Chldsjo Buffalo
Ilo.ton London, Enr. Baltimore
TAX FREE
TO YIELD OVER 5
Penna. & Maryland Steel Co.
Cone. Joint 6e, due Sept, 1, 10,
MELLOR & PET
Membere N. Y, A l'hlls. Stock ExeTisnies
330 COB1BIERCIAL TRUST IIUII.DINO
4
INVEST IN MORTGAGES
AT 5.4
Recommended b
BEN T. WELI
1328 Chestnut
s
m
:?
EDWARD B. SMITH & CO.
ESTABLISHED 1M2
ANNOUNCE THE REMOVAL OF THEIR OFFICES
TO
I4ii Chestnut Str
We own and offer
$2,500,000
United States Steamship Company
C. W. MORSE, President
Capital Stock par value $10.00 per share
The United States Steamship Company was organized on the 27th day of December, 1915,
under the laws of the State of Maine with an authorized capital of $25,000,000.
EQUITABLE TRUST COMPANY, New York, Registrar
UNITED STATES STEAMSHIP COMPANY, 43 Exchange Place, New York, Transfer Agent
The United States Steamship Company has entered into a contract for the purchase of at
least 87V. of the stock of the following Steamshjp Companies, viz.:
Newport Steamship Company, Ltd.
Bedford Steamship Company, Ltd.
Northland Steamship Company
Lansing Steamship Company
Owego Steamship Corporation
J. G. McCullough Steamship Company
Huron Steamship Company .
Minneapolis Steamship Company
William Castle Rhodes Steamship Comp
Saint Paul Steamship Company
incw I one ec. uuitnio steamship company
New York, Norfolk & Washington Steafnshi
Robert Palmer & Sons Shipbuilding &JfMarine Railway Company,
INoanlc, Conn. f
and a large part of the stock of the Hudson Navigation
IMPORTANT FEATURES
It will be the policy and the business of the United States SteamshirytJompany to ho
Lompanicfwwhich -will operate their own vessels for both foreign and coastwise business. The
& SomUStfipbuildinfr nnd Marine Railway Company of Noank, Conn., will construct Additional
opeEjmnpr companies, resulting' in tne saving ot a large amount of naCney.
V The shipbuilding company is now constructing six (G) vessels nnd h
"eleven (11) more at the same time. There are about thirty (,'lQracres of lai
oughly equipped for wooden shipbuilding. The plant will rere-equipped atj
Iny
4 l
njgompany jf jr
Compjpfy
lfl thd s
l Robe
yc'ssfl
iyj fad?
rfu in.Th
1 ontfC
uirer
INGS
EARNJ?
Earnings of the United States Steamship Company,
it will bo in a strong position to meet the requirements ofthe prd
cstii
ties and for the prospect of further increase in years to come,
enhance in value and prove a very satisfactory investment.
We offer subject to prior sale the stock of the United
per share. Reservations may be made by telegraph at oi
accompanied by a New York draft for the full amoi
. A 4 T a. 1.1 T 1 1 XT t
to Hougnton at company, cquuauie ouuaing, ii ew
ate, will bo 1
sent demand
tock of
t Palmer
s for tho
ittes for the building of
e shipyard, which is thor-
for the building of steol
ge, in view of the fact that
or increased shipping facili-
Vfa believe thestock of this Company will
ites Steamship Company at $6.50
'expense, urders tor stock must be
le purchas. Make all drafts payable
Application will be made to list this stock in due course.
The foregoing information has been compiled from statements and statistics, which wo do not jjuar
antee, but believe to be correct.
(Descriptive circular upon request)
BOUGHTON & COMP AN Y
SECURITIES
Equitable Building, 120 Broadway
Telephone, Rector 4S8S NEW YORK
TELEPHONES
PHILADELPHIA
BCLL, SPRUCE 110
KEYSTONE, RACE 2410
tET
JS
ON or About JUNE 1st
"" aaamfl
Fidelity TesIJmpany
Will Open an Uptown Office
t -
N. E. Cor. Broad & Chestnut Sts.
I
61M
DIKECTOttV OF ACCODNTANT8
i ... . . 1 im 1 ' ia. n , 1
Co.tl&jd fubllT AtaunUata
tar Itersf
ian
17
M tatt in W-
1146)4 127
A 5t KH.JI ,.
1
LA WRENCH E. :
1IS RKAL E8TAT8 '
iOVVN A CO.
iUST BUJXJDINO.
i.
s.?
W r
63
17
3$
1
I 1
.