f ,
&- tu
t
,ys -j .
Tt.
&
li.
'
W-J-iw
--" - --'"- , , . . . .... , .
JT3-SCC r: ., . , , 1 --'--"- ' I "'HmMMMMHHiaWB)lMlMHMnHHWMB
u ' ' f
. FINANCIAL NEWS 1 1
" J - , . . , . . f t . . f - -rr-,-rl r -- ,
EVENING !.&T)QETlVm?lA&toTj?ni, MOffDAfr, MAY
SPECIAL INFLUENCES DETERMINE
. PvICE MOVEMENTS IN NEW YORK
'.Railroad List Breaks Away and Good Gains Are Re
i corded Baltimore anl Ohio in Good Demand, With
' Buying Based on Prospects of Larger Dividend .
High Points in Today's Financial News
' Copper prices advance because of heavy demand for metal Maxwell
Motor directors to dmcusa dividends on second preferred and common
stocksi tomorroiv. Initial dividend of 1 per cent, declared by Davison
Chemical.. Price of bar silver lower in New York and London. Sloss
Sheffteld carninys from IS to SO per cent, on common. George J. Gould
consented tp vacating of attachment against Texas and Pacific Raihvay
on account of overdue noes. Loam of Philadelphia banks increased
f3,0t8,000 'A week and surplus increased $106,000. Average condition
of wv)tcr wheat on May 1,'according to Government report, 834 per cent,,
agagaxnst 73 J on April 1 and 93.0 per cent, on May 1, last year.
New York Stock Sales
NEW YORK, May 8.
While the world's news today waa of mien a character as to demand tho con
centration of Interest In determining tho relations of our country with Germany
and Mexico and Insistence on assertions that feace movements uro In progress
at Washington and Homo, had an Influence In nullifying to some extent tho
announcement that the Administration will accept the concessions made by Ger
many, price moVemenia were determined to a great extent by special Influences.
Tho short Interest In the Btock market, which hnd reached huge dimensions,
was tAken completely by surprlso In last Friday's trading and tho construction
on tho German note, and since then strenuous efforts havo been made by tho
leading bear operators to check a growing demand for all classes of stocks.
Theso operators made tho most today of tho peace rumors and they were
helped to some oxtcnt In checking an advancing tendency by knowledge that
banking Interests were opposed to the establishment of prices at high levels,
and supplied stocks In largo volume- on tho upturns.
In Bplto of theso efforts stocks did not move up. Tho railroad list again
broke away from Its restrictive Influences and, although somo recessions occurred
In those stocks In the early trading, they were again forced upwaid, with Head
ing making an advance of moro than 2 points above tho low figure of tho morn
ing and approaching tho high record made on Saturday. Baltlmoro and Ohio
was also In demand, with tho buying placed to an extent on the prospect of an
Increased dividend In July, nud Now York Central, St. Paul, Erie and Chesapeake
and Ohio followed In lino with gains of 1 pont or more.
The Mexican developments at first exerted a disturbing Influence, Mexican
Petroleum dropping 314 to 104, but In tho lato afternoon rose to above 109. The
market for stocks holding- properties In Mexico was actually helped by tho ro
newal of bandit outrages, as It was assumed that tho special tax on American
soldiers will call for moro Btronuous action on tho part of our Government and
ussuro ample protection to American life and property across the border. Tho
Government report on winter wheat was without Influence ns a market factor.
Big Increase in Railroads' Net Revenues
WASHINGTON, May 8. Net operating revenues of tho railways of tho
United States for February, according to the" Bureau of Railway Economics, in
creased 11G per mile, or 67.8 per cent., as compared with Fobruary, 1915. Com
paring February, 1916, with tho average February of the preceding five years,
th Increase was 61.1 per cent. Tho following Is the result of operations for tho
month mentioned, as compared with the corresponding period last year: Operat
ing revenuo 261.904,120, increase .$56,815,210; operating exponses $183,677,515,
Increase $28,754167; net operating revenuo $78,226,605, increase $28,061,043
-f
Maxwell Motor Directors to Discuss Dividends
NEW "TOniC, May 8. It Is understood that earnings of the Maxwell Motor
Company are now so satisfactory that the question of beginning dividends on
the second preferred and common stpeks will be taken up at tho next meeting
of the board, to bo held tomorrow.. Nothing has been said recently In official
circles regarding the matter,, although gossip In Wall street has it that the
advance In tho stocks Vecentlj; reflects contemplated action on tho matter
,iw. Laat close. Hlh.
AiaSTOTJ ,GoM M 8H OX
Alaska Gold Mines,... 21J 22
Allls-Chalmen Mf. ., 27K 27l
Allll-Chal Mfe pf..,,. 79 79)i
Am Ae Chemical fi7 BOH
Am Beet Sujat ., "OH 71
Am Can 7jf- 571.,
Am Cat Fdt 01X 01M
Am Coat Products. ... 163 155
Am Kirreej I25!f 127
Am Hide & Leather .. OH OH
Am mas k u pr .. , 52
Am Irt Secutltie . . .30
Am i.iireed 23
Am unseed pr .
Am Locomotlro, ...
Am Malt Corpn. .
Am Malt Corpn pf.
Am emeu 1. ner. ,
Am Smelt A rtcf pf.
Am Smelt Pf A . .,
Am Steel Foundries.
Am Sugar twining
Am Sugar Hef pf.
Am Tel A Tel
Am Tobacco .
Am Tob pi new ,.105J
Am Woolen ....... 45,4
Am Woolen pf n7f
Am Writing P pf iojj
Am Zinc L A Sm 03
Anaconda Cop M 85)
Associated Oil .,.,,.., 053.
Atch Top,A S P loijf 104
incn lop o r pi. ..101 101
Bald Loco Wlu., 00 po
Bait . Ohio, . , .... 8flf 87
Halt A Ohio pf ....... 7fij$ 75J
Lew. Close.
OH OH
21W 21H
27!f 27H
78H 78H
C0K 00H
00H "OH
60Jf fiO'f
OIH 01H
154H 154!."
127 127
Oft OH
61 S1H
30 30
223 22H
40H 50
CO 09H
OH 9H
30 37
08 08H
113H 113H 113H
04 04 04
66U 63!f fitlf
100H 110ff 110 110H
115H 110 110 110
.128X 128H 12SH 128H
200 20.1 203 203
lOOH 100 100H
45f 44)i 44'i
H
5071
. 71H
.. 9H
.. 34H
.. 09
.112
03H
63
fill,
30
23H
50!
70H
0X
37
00H
BUSINESS IS BRISK
ON NEW YORK CURB
Probable Acceptance of Ger
many's Concessions Causes
Unusual Strength
Sates in Philadelphia
8r
r 1
ISJC
08H
10X
04
85H
07X
Ilatopila Mining
iicinienem steel , .
Brooklyn Bap Tr. ,
Brooklyn Union Qas
Brown Shoo ..
Butte A Superior,
2H
450
84X
120
87 W
93H
Cat Petroleum ., 23H
v-.ii j'ciroicum pr 4Q
Canadian Pacific 108
Central Leather 63H
OS!
10H
03
85H
07H
102
101
87H
SOH
7SM
2'i
451H 454H 454H
83H 80H 80H
120H 120H 120K
68 68 58
03H 92H 03
21 23H B3H
61 50 60
109H 108 108
64H 63H 53H
2H
CSH
I0H
93H
S5H
07H
103H
101
88
SG
75H
2!X
Central Leather pf....lilH 111H 111H 111H
Chandler Motor OIH
Ches A Ohio 01
Chile Copper . ....... 21H
onino topper 5-1
02
02H
21H
54H
12H
3GU
05J4
Heavy Demand for Copper Boosts Prices
NEW YORK. May 8. Tho continued heavy demand for copper metal has
brought about an advance injprices. Although sales havo been made at 29c. a
pound for September, several dealers are now asking 29Uc. for that delivery
August copper cannot be purchased under 2094c a pound, an advance of v4c"
and some interests stato they are holding what small ouantltv thov hnv'fnr
V.S?tjr. rlce3 aIs en put V
if 7 j " " V'" 'J0""1" ""bo irom zsjjc. to 29c, against 2Sic quoted
heretofore. Thero has been no general quoting on next year metal thus far.
Champion Copper Declares $6A0 Dividend '
e i?SZOK lY, S,-Th Chan,Pton cPPer Company declared a dividend of
S&'rSXSSTJS? s,nce Fflbrudry " 1915-Tho prev,ou3 - -
Davison Chemical Declares Initial Dividend
ln.t.a.dI?dRo1paeyrce7uhQ DaV'8'n Chem,Cal Cy "" '
Chlcaito Clt West , . . 12H
1 nicago ut west pr . . 30
Chi Mil & St Paul . 93f
uni m ft St J' pr .... 129
Chi & northwestern
Chi It I A Pac.....
Col Puel A Iron....,
Col A Southern
Consolidated Gas. .
Corn Products Hcf .
Crucible. Steel K3JJ
irucioie steel pr 112
Dccro A Co pf 03H
nen A Bio Gr pf 22H 23
Detroit ndlson laiK 1.12
Detroit United Bys... 10 1 107
iJMliit soc corpn 52
Domo Minos 2(1
Elec Storaco Bat 69
01
01H
21H
54
12H
30
0M
-02
02
21H
ftl
12'1
3fif
01H
129H 128H 120H
127H 127)1 127 127H
185 10 18!f 18H
42H 42 42H
20H 20H 20H
131 134 134
10H 10H 10H
83H 81H 81H
114H 114H 11IH
112 0JJ5 02H
. 43
25H
134
10H
NEW YORK, May 8.--Pronounced
strength was shown on the Cufrb through
out tho day, chiefly because of the ad
Vices from Washington that the Gov
ernment would accept the concessions in
the German note. There was n broad
demand for nearly nil the active Issues,
with two stocks making hew high records,
Chevrolet advancing from 206 to 210
and Atlantic Gulf and West Indies to
about 46.
Most Interest was attached to the trad
ding In Metropolitan Petroleum, which
made an mlvnnce of more than two
nolnts. selling at 2194 In tho early aft
ernoon. The movement In this stock
was helped to a great extent by state
ments that the company has made an
other 'contract, larger than that reporteM
a week ago, with the Sun Refining Com
pany. .
Attention was also called to the pros
pects of a new market on the Atlantlo
coast for fuel purchases, ifollowlng the
methods In use at New Orleans and on the
Paclflo coast.
Cuba Cane Sugar and Mldvate Steel
both showed a better tone and were In
more demand than they havo been for'
weeks past. Liquidation In these Issues
has apparently ceased, and both stocks. In
recent declines reached a level which In
duced Important buying by somo of thoso
Interests which distributed stock at higher
levels.
An Important feature of the trading
was a heavy dealing in Chcsapcako and
Ohio new 6s, which sold down to 04 on
transactions of $1,600,000, These bonds
aredellverable today. They are Issued
for subscription at 97.. Oklahoma Pro
ducing and Refining was another strong
feature, selling at 7J.
INDUSTRIALS
11111
Si Am Loco ,...70H
II Am a 120
20 Amer Mllllnc .7.,
200 Cam Stee.1 ... ?l"i
10 Crucible Steel 82H
183 Elec Storage. 6!U
SO Dlt So .... 03.,
300 Erie 36H
100 O-n Attihalt 34
100 do pret .
1 Ins Co N A
10 Int M AM
1(12 Lake S Cor.
01 Ih Nay ..
640 Leh Vat . . . ,
JO L V Tr pr.,
611 renna ., ... . ,
I ra Salt MfK,
10 Tenna fltl ..,
81 do prf . ...
223 Full Rlefl . . .
1U2S P II Tt C
In Phlla Trac
In iiwy
MB
Net
Loir. Clot. che.
,28 12gH f
854 82H
S84 BO,, t..-
61H M4 lH
15 80U 214
14 34 ..-..
71 71 II.. X 7f
294 2BJ4 2J
If 2S5 n$ 1 1
48 43 43 ..
tSSU iSStl t$ -rllf
n n. n in
!lwv Stl sofa
1817 iieaaina
AO do lit
2,1 do 2d B
yu no iiwy ..... ia
2BtB Tonopah Uel,. B',,
10.1 TonrtnAh Mln. . fl".
?8 Union Trac ,. 48
0 V C1I ...... 87
2 Un Co N J., 221
2810 V S Steel, i. 84
. 1 Weitmrlnd CI fl.V
181 Wm Cramp, 81
xou
m m
b n
ffl m :
BJi - C,
ORDERS FOR RAILROAD EQUlPMi
SMALLER DURINGMOOTH OF Xl
Decline as Compared With March but Lartrpr
February Many Inquiries Withdrawn P
vania Steel Common Up 15 Points to New Ta
York Rwy
m
DONDS.
. iilnh,
2.-.(m Am O A El B V3V,
t
I
Krlo 30
Krlo 1st pf suj
nrle 2il pf 41H
Oen Chemical pf 114
General Electric 103
General Motors 426
General Motors pf.
Goodrich 11 F ..
Goodrleh n F pf
Granby Consol 80
Grccne-Caniinea .... 51H
C2H
28H
68
m
52H
15
110
160H 10-1
427 426
o
132
107
50.H
20K
68
35
51H
45
115!,' 110
1GS
427
22
132
107
50H
28H
68
30
52
45
119H 110H 110 110H
77 '77H 70H 70H
114H 114U 114H 114H
8') 88i 89
61H 61
Great Northern pf..,.110H 120SX 111)
lit . cts ror oro prop. 40Jf 41J 41
unit states ateel ... 71 74
Gulf States S 1st pf... 87 91
Gulf S 8 2d pf 72 73H
ARGU3IENT IN PENNSYLVANIA
STEEL CASE IS POSTPONED
New Yorker Follows Philadelphian's
Lead, Asking to Intervene.
NEWARK. N. J.. Stay 8. Argument
on the application for an Injunction to re.
strain the Pennsylvania Steel Company, of
New Jersey, from selling out to Bethle
hem Steel Company for $31,941,630 was
today postponed for a week. Adjournment
was granted by Judge Rellstab In the
Newark branch of the United States pis
trlct Court.
Application -was made by Clarence H.
Venner. of New York, to Intervene as a
complalner. He holds 24 Bhares of com
mon stock of Pennsylvania and, accord
ing to his lawyer, E. N. Zoline, the com
plaint is the same as that made by Joseph
H. Brandt, of Philadelphia, who last
Tuesday obtained a temporary Injunction
restraining the sale.
John It. Harbin, of counsel Appointed
ist, x-ennsyivania ateel Company, ob
jected to the Intervening complaint belnc
tiled. He argued that he had not oppor
tunity to examlna the petition.
The court told Mr. Harbin that the
propriety of the Intervening petition could
be argued next Monday, when the main
case will ba heard. Messrs. McCarter and
English, who represent Venner, were al
lowed to flla an application for Intervening.
New York Bond Sales
.. Hleh-
11000 Amer Cot Oil Si ,. 07U
407500 Anglo-French 8a.'... 0314
1000 Argentine Bj... 90H
81000 -Amer Tel clt 4 OSH
1000 do cvt 4Us 10TH
ii!!!!m Amy Wrlt PaP "a.. 73M
" Atchison gen -la 03
10(10 adj -la hj
i'000 do CV 4a 1035 103'i
1000 do cv IW17.....::.101.
S'liuu Bait & Ohio 4a., !, o2
3U0II1) do 3a lOO'i
1000 do rfd 3a... ini
JUUil nirlin IT Clam 1-t . iiitT
Woo Hurt Iloch p s lo-i2
Low.
87!4
03
00H
W
107H
73H
U3N
tl
H3
lOJU
lot's
Ul,
mi
tioK
ltiiiH
103T,
I0l
SO
luo
lllll'I
louv;
HM',
Cloae,
07U
8!f
H0H
2U
107W
7B
S5i
US
S.'.
1U.V4
IOH.
Olh
on
huh
loo',
noli
101
3U
loo,
lotlV
ltOVi
usvi
15
51
17H
74
47H
80H
87
24H
59K
72'i
67
70H
a
00?'
73H
101
10
50
16H
74)4
47H
45H
40
24H
85H
SO
243f
00
72H
50
09H
10C)f 108H 100H
78 78 78!f
50 40H 49;(
2S 27JX 29
12SH 128H 12S)
-70 79 70
SOH 80H 81
87 80
00 58
10
SOH
17
75H
47H
45H
49f
25H
SOH
87H
:ch
00
73! (
SOH
71
51
120
41H
74
91
73H
101
10
SOH
lG!f
74H
47H
45H
40H
24H
sen
87H
2SH
00
50
70
33DDO rn ri ..; v.,:.i ".? "?2
NEW YORK COFFEE 3IARKET
NEW YORK, May 8 The coffee mar
ket opened quiet this moraine, with first
prices unchanged to 3 points lower, with
Ealts of S000 bags on the opening call.
Miy ,,
J una
July .,
AUEUIt
September ...t..i.
Tiovexnber
e
Today
opQfna;
i.36
8.31
B-i0
Baturday'a
CIJ
S,2ong ;s
8 2S&8 27
8 31firt 83
8 3308 3)
8.3U S b id
8.43A8 43
8 47 8.43
6 5168.31
8.57 8.3a
6.18 B, 70
0.7208:
l)cnibap
January .
February
Slarc . . ,
Wd. Total lalei, 2000 bag.
Eastern States Metal Output Big
WASHINGTON, May 8 The value of
the gold, silver, copper, lead and aine pro
duced at mines n the Eastern or Appal
achian States 4n mfc was $29,868,389,
against Jll.lJT.fuT in, 1SH. according to
thei statement just made public by the
United States Geological Survey.
lead Market Continues Quiet
NEW YOUK, May 8 Although there
are sopaa tjuull-i-f roo, igad -tor lead
and talk, is heard), of possible orders for
substantial amounts for export binT on
the way, the market continues aulet
Quotations are unchanged, outside tar
Utrtssklng from f ?& to 1 50c a pound
N4 Yorfc wutb American Smelting and
BApin CniMny boldlnir to. 7.SQc as it
grl for avufaga business.
Ows?tsi (o Vacating Attachment '
Hmw YORK My s Qwwe J Gould
fcr esf ated U) the vcathis f n at
t3t:nat wbtah roe held, en account of
Meu sotes, against the Tpa And Fa
mAe KiUway CpjiiBy ob bzuk dtplts Iq
50
.131
83
. 1)1
I) Hit
lll7li
M 1st Ju
luoo Cent Br Jlla 4a...
4000 Chill Copper 7s .
T5ioca'-Q"i0,lVa,
1000 e m & at p gen 4;
10OOO CM St V CV 4'ifl 1 iiiit
IggfJ C M St i; sSn Ul HI?
zoim Chin fJov lfukuanz 3 7
21)00 Clev Sh UnJ 5Ss lout,
1)000 Col Midland 4a . t&
Jo!!!! &i?trJ?.n1Tcl iM' 10'
.Y'2 Hen & JUo Gr rfd fii tisu a
1?o'oo St-8"" J0.or 8 it., w
IJiHU grl. cony 4a Ser Itl 77?
I'Xt' Sr' Prior 4a . .. mil
in
8U
31)
131
85 S
01
IIM4
107 10754
JOUH loojt
"SB
1..
S!)
50
131
83 H
01
IIKH
Illinois Cent 100H 101
int .cricuiiURU .. .,
Int Acrlcultural p(. .
Int Con Cor v t c sh
Int Con Corpn pf . ,
Int Taper pt
Insp Con Cop 45H
Int Nickel v t cfs 49H
int M M c of Op 25JX
int M M pr c or dp. . .
Jenel Tea
Kan City Southern ...
Kan City South pf. ..
Kelly Sprlnz Tiro
Kcnnecott Copper
Lack Steel Co
Laclede Gas ins
Lchlsh Valley 771
Leo Rubber Tiro son
Long Island 275 j
Louis & Naih 124
JIaclcay Cos 78
Mam el! Motors 82H
Max Motors 1st pf. ... SOH
Max Motors 2d pf 59 i
Mexican Petroleum 107H 109H 104
Minn St P & S S M. .110 119 118J
.Miami topper ,..... 30H
Missouri Pacific .. . . 4J4
Mo Pac tr cfs 4Jf
Montana Power ... 70H
Nat Cloak &. Suit 73!
Nat Cloak & S pf 100H
Nat Enam & S Co. ., . 24
Nat Lead Co 60H
inev tan cop 17J$
Mew YorlcAIr Brake,. 134
NYNH&II .;...., 59
N Y 0 4 II R 101J,'
N Y Chl & St L 33H
n y o & west 20M
Norfolk & Western. ...123H 121H 123H 121Jf
North American 69 , 09H C9H 09H
Northern Pacific 111H 112H 1UU 112
Ontario Silver Mln.,,, 10 11H 10 10?f
Pacific Mall 23U 25H 24H 25K
i-ennsjirania it i &5H 50Ji 55H
Philadelphia Co 4l)H 41 41
Pitts Coal Co N J ... 20H 28H 2H
Pressed S Car Cp, ., .47 47J( 40J
Pressed S Car Co pf., .100JJ 101 101
Pub S Corp N J I20H 127H 127
Ry Steel Sp Co 43!f 44H 42H
ny oteei sj 1.0 pi via
itay con copper 23
nid.
. WW
, 47
, 115
, 00
, 13
3'
44'
, s:
, OS
, 80
2011
0214'
42
'"a
36H
88
31
.iiniiii..,,nii iKiiiDi, ..,....,.. .7V
.Mldvalo atrel ut
Otla Klovntor , CI)
1'eerlcaa Motora . 3214
roole Knir 105
H a Krrnrn 11!
standard Motora 814
Submarine . 33
Trlancle Film 4
United Troflt Sharing 13-16
U S Llsht & Heat Company.... 3
do prt ....' 4
White Motora 48'4
World Film 1U
STANDA11D
Illlnola
Ohio
Prairie Plpo , . ,
8 O of California ...
S O of New Jcracy , .
S O of New Yorlt . . . .
Aetna nxploalvea
IJIaenlohr Tobacco
do pref
Aiax Ilubber
AmTlcnn-Drltlsh Manufacturing
American Mnrconl
Atlantic Oulf
da pref
Canadian Car .
do prof ...,....,. ...
Che rolet Motora . . 1
Cuba Cane Hunar ..... ,
Curtlaa Aeroplane
DriERa-Senbury .....-.
Hmeraon Phonograph ,
Itaakell A Darker
llendca Manufacturing
International Icr 3Iarlno
do pref . . . ;, ,
Kathodlon Uronzo pref
Maxtm Munitions
Manhattan Transit
Asked.
IOH
40
100
an
r.fi4
83
207.,
82
48
14t..
12U
88
30
27
U2
23 ,
1U14
OotJ
02
23
110
1814
1)
381,
is
40
m
inoo j.k Sup Inc Si 30
luo t f co 4-na .
OQOO i'a Cog-n 4!ia.lpiH
800O do cons Ca.lOlS
8000 Thlla Elec Ba 101
3000 Reading in 4 P.lli
11000 HI O El As.102
2000 WNY&P gn 4a 81
22. 2.
I R"j .
a n" n", ;i
S285f M lj
m 888 1.
Net
Low. Close, chge.
03 (13 , . .
80 30 .....
09. 00.,
1014 101H .-..t.
101 104 ., .....
0314 3'4 ..),.
101 101 ft J4
84 84
Local Bid and Asked
Itallroad equipment freports show that
the number bt locomotives, freight and
passenger cars ordered during April) was
a great deal smaller than during March,
but It compares favorably with that of
February. More locomotive and car equip
ment were ordered during March and
April than during January and February,
and, notwithstanding, the very high
prices quoted and the long-time delivery
stipulations, every day Bees the closing Of
contracts for locomotives ana cars, on
which bids have only recently been asked.
It Is true that many Inquiries have
been withdrawn and those covering thou
sands of Items have been standing since
early In tho year, but all Increased equip
ment Is fully authorized ahd appropriated
for before specifications covering It are
sought, so that It Is only a matter of
time as to the actual letting of contracts
for Items upon which terms have been
submitted.
During the month of April orders were
placed for 237 locomotives, 8124 freight
cars, 193 passenger cars, 1800 under
names and 1500 freight car bodies. In
March, 1012 locomotives, ,H,772 freight
cars, 152 passenger cars and 100 under-
caW gained
Klinn also tnnvmi . ..
I . L -..w.m uii irnnti.
kale At in aV,.. ""'""
common rose is nolnu "i""!!
Buff A flusq tc
no prer ic
rirlll J U ..
Ilaldwln ...
do prer
Rlec Htorage
Gent Aap ..
do pref . .
jey lei
do
30H
6
5H
79
72
108
24
mu
17H
130
CO
100
36
27H
3GH
4H
4H
70
72
108
23!f
fiO'f
17JX
133
50H
lOIJi 106H
30 30
27 27
h6H
59H
108
1P
30f
4H
4K
70
72
108
23),'
OGU
17H
135
59H
37
n
ail
l
71 .
14U
03
10
SS?Ji Sr'e SI Bar 6 W 1 M
11000 Hud
30000 do
r. ..: 1 'J-if
2000 pen Eleo deb fia . .in-tC
Ba. .. 2UJ,
& T,fan )n
ni. pr.i H. w..
Iiuii. Ir.i. ...... iv.
looo Indiana StcVBal.'.lo
mi '"Kerr V.?- gg1
11 lit SKAffl, -a-&-,
ooo?nferif.?46i5.--.::-.I07
flVJSS lnt Mer Mr ct r.'idivi 4?
183
OUT,
'H
4K 84H
'-' 10214
! 5li
88
S,
10000 Jan nw n a .nil'
15M JiPawae new 4.!
100(1 da 6a 1BS0. . .
i;;'; fi tm
7000 Ijjrillard Ba
iuo iio Kan & T l.t 4. '
Basex 3 Via
1R0J? ! Kan. T 't
JrKX fJwrCi -a
lUOn fn Pan Am .
jiooo mil . .
-ana do coha ci
.8000 Mo Power 8a..
auuj nat 'iiine oa
103
lnn
I?
4(1
30 v -40
loo '4 100
f u ' uq y
2??
40
78
87
1
40
..loo);
ssss S23 m lm lU
8io 35 !. ::::::: ::oiL Sf MS
1 HIT T. l iif T.T.
,;, i ,? . 'j ""7 m
wir 1 -uiiy ah lnaH on
u
MflU
V Aa ltD rftrr i,7
iiuui ki v - . 1 1 r-T.--i.-r,iT -v?
JooTi -J X2H?,'H?i:okX9
,., ; s. ;.n i '" "
JSS9 S X H "t 4-
JBeOO Norf 4 1'
UVMk rA au J.
19 Nor ltc prior "4i."
;v nr rac nn sa.
SA
nooo ore rv t v.--., - n
sooa
1T00U
44.1J4J
t-acine ttl 3a . us
Pjan can ct 4 V, a .101
PfeO St Haat la, Am a-j
SK! ao'o2 sn 4j... . ua
ahv xtep. ir h u
1000 Hock Island 4a
JtiSOoo Bock; Uland rfd
1S000 Hock Iilaad S
woo stand pa a . . .102
luouw South Pao oiTia ,
8000 to cv 5 . . ,
20000 Souin, Pad rta 4a .
3000 Houili Kwy sta 4a
ilioO South ltwy .oa 3a
1000 Tul et U IV 4a
l)K0 f a Rubber Oa
l.'Oii.) I 8 8ttl ct 3a
jco i s stHl r r 3a
looa I h a n i a
i pjoa l'ac lit 4a
Uoioa Pa.c cv 4a
B 74
f
3 v
9 Joa.
U4 ))
X" . I 7H
. 08 OS, 9S,
...123 1M? iwg
!S 92 93 U
J 5Vj DiV
n fin ui
S 80 Hi
4 101U iota
8U SB'I
. 'WZ k HH
". lb m m
02 162 J02
m 80 tin
tyift 3VI iH
o 004 eo-3
.Vft Am 7?S
!!l?7 !J! u,f t SB
tUiH IWi, JOJU I COitlJ
105 lfi4'4 K1A I St.
ifift lm m
OM W Si
3ft 5'2 m sm
Reading.
Iieadlne 1st p!
Republic Iron 3. S..,
St Louis & S F
Seaboard Air Llna.,
Seaboard Air I. pf. ...
Sears Itoc & Co ,,,
Shat Ariz Cop
StoM-Shpf S & I. ,
South rorli) R Sue
South P KSue.pf.,
Southern Pacific..,,
Southern Ry . . ,.
Southern Rr pf..,...,, 60H 02
studeDaiccr co.,..,...i32U 133
S.SH
43
48
3H
15H
30?f
..179
.. 33H
57
97H
23
SOH
40H
47H
3
IOH
37H
ISO
33H
55J
60H
41
27H
40H
101
127j
42H
07H
22!f
88H
40H
47H
3
10
37
07H
22H
87H
40H
47H
3
16H
30H
170j ISO
:i3 33
64 64
.210 218H 215 218H
,117 118)4' 118 I18H
. 07H OSH 07H 08
20H 22 21 21H
01 OIH
130H 13 1H
OIL STOCKH.
171
23-
212
247
317
203
OTHER OIL STOCKS.
Coaden 22 "i
Chalmers Oil 4
Houston Oil lN'i
.Mldweat . . .i 117
K.iDUlpa I'Jli
Met Petroleum ,.. 21
1IININO STOCK.
Atlanta 12
Butte Copper 714
j.uiiq ..,. mm , ....,
Cerro de Paaco it
First National .(at..
Uoldfleld Merger
Hecla Mining
Howe Sound
Jim Duller
Jumbo Kxtenalon
Kcnetlck Slnc
McKlnles-Uarragh
Magma Copper
.Mines Co or America
Nlplsalnt
San Tov .
Ht. Joseph Lead inu
West End Cona us
DONDS,
Cerro Oa 114
O a- O 3s IHH
Jtldvale, Ss 07
New York Stock Exchange Election
NEW YOItK, May 8. The annual elec
tion of governors and officers of the New
York Stock Exchange proceeded today
without any opposition ticket ,belng pre
sented to contest the nominations of the
regular ticket. The reglar ticket follows:
President, II. C, S. Noble; treasurer,
Charles M. Newcombe: members of the
Governing Committee, to serve four years,
TVInthrop Burr, Herbert T. B. Jacquelln,
Henry C Lawrence, Eugene Meyer, Jr..
Henry K. Pomeroy. S. S. Prince, Edward
Itoesler, Erastus T. Tefft, James H. Waln
wright, Blair S. Williams; trustee of the
gratuity fund, to servo five years, Rudolph
Kcppler; trustee of tho gratuity fund, to
serve one, year, Henry C Swords,
174
233
213
230
r22
21)8
231i
8
20
111)
13
ai'i
l.t
IK
3
:ih
n
ft
77
MH
100
04i
U7?
Lea-,. Anthracite Mined in 1015
IIARRISBURO, May 8. Pennsylvania's
total production of coal in 1915 is given
as 24(1,797,774 not tons, by James E.
Roderick, State Chief of Mines, In his
annual summary of the coal Industry. The
ofllclal figures show the following ton
nages; 'Anthracite, 1915, 88,377,706;
1914. 91,189,641, Bituminous, 1916, 157.
420.068; 1914, 145,884,530. Coke, 1915.
22,012,919:1914,17,164.124.
NEW YORK BUTTER AND EGGS
Tena Copper ,.. 40H 47 46H 401
ICMJ M. ., ,, iyii 1U0JI 101H 194
Texas Paclflo.. .tf.,,.. OH IOH IOH IOH
Twin City HT.,..,. 06H 00H 00H 96H
Under Tjpewr ....... 07H 08 08 08
Union Hag & Paper... 5H 5H 5H 5H
Union Pacific 133H 135H 134H 134H
Union Pacific pf ..... 82' 82H 82H 823i
US Ind Alcohol 155 160 150H 150H
United Fruit 158)1 164 158 162H
U60IP&F. ...IOH 20H IOH SOH
United Rw Inr Co . IOH ojj 8H OH
Un Hy Ihv Co pf. .. 23H 23 22H 22H
U S Rubber . . 54H 54J( 53H . 54
U S Rubber lt pr.,..109H 109H 109H 109H
US Steel Corpa 84H 84H 83H 83H
USStejICorpa pl....H6H 110H 118H 116H
IfSSmRlH 76 T7 75 7flH
Utah Copper.. , 81 81 SOH &Hi
Utah Securltlei. . ..... 17 .17 17 17
Wabash. 14H 15H 14H 15
waoana pi a 4ft) t
Wabash cf U
Wells FargQ Eip . ..
WestK & M ... .
Western Maryland .
West Union Tel
Wheel & Lako Erie
Wheel & LS 2d pf...
Willys Overland. ..
Wisconsin Central ..
WooWortb V W
27H
.125
01
30H
. eou
3Jf
- 4H
229
. 35
127
47H 45M
28H 27H
125 124
OIH SOH
31 30H
01 00H
3H 3Ji
4H 4Jf
230H S20H 23fl
JO 35
128H 127H 128M
47K
2SH
124
60H
31
Ql
3H
AH
DIVIDENDS DECLARED
Creacent Pipe Line. 7$ cents a ahar on
capital stock, payabla, June IS to atopic at
record May 22.
The Philadelphia Electric Compa:
riy vi it
reitlstartul Mav
LaVe ot lb .Woods. Ml)
quarterly of
S Wft1
-.
rejyUr uuartarljr r 0. pr ceoi
uu A fv vrw, wu
juiia io noioer
Coadco, OU an,
un craltrred
common, atoclca. Eayatlo
coounoa atcck
1 .wr Ku
rs oC record: May 27.
3J an Comsany 214
rrlc rui a, resular ava
Car ceni.
Quarterly nf
oa brefArrAfl. navahljt .Inn. 1 ...
r of record lia 1ST
Manra Mlnaral t-ani Cnraunv i .
sua. parabta ilir ' g to. atwtEsHara al
record tuj 11
, NEW YORK. May, 8, BUTTEn Fair
tradlne,, Increased aupply and feellns easier:
recelpta. 8144 uackasea. Extra, 31c. j hi crier
scoring-. 3114 32c; Stato dairy, 3014 031c;
Imitation craamerr. 28&28V4c. '
EGOS High grades firm and pending lately
In sellers' favor; undercradra quiet; receipts,
31,620 packagta, Itesular packed firsts. 211j
W.'JHc.: white, 24a25c.y brown egga. 24W
24Wc: mUed colors "in 23V4e.; atorago
packed firsts, 2302314c.
BANK CLEARINGS
Bank clearln,
rasDondlnir day
JUIU.
ga today compared with cor
last tno yeara:
.. i.V.ia. .. 1014.
Phlladelp'ajaS.JSji.BOS J20.43i.riR3 $20.44, on
Boston ... 24.003.871 lB.gSO.OTfl ln-JsrH?
i-blcaaji . lU.rina.S''i -.r,12,ll)8 J.-.O.K!.) 8.1.1
New Torlc,280.088,flT0 23a.B48.01B 208,842.014
Bt, Loula , 18,U2,S3l 14,267.104 12 822 833
MS.Ay
-W
PUBLIC SERVICE
SECURITIES
"Public Service Securities
are linked vHth the Success
of lyunicipalities,"
C New England Power Company lat
Mtte. 5 Sinking Fund Gold Dondf.
Ct. Rerund Penna. State tax and free
Normal Federal Income Tax.
C, Issued under autnon'ty of Mass.
Gas tsf Electric Light Commission.
Ct. Tte Company is an important unit
of tie New England Company System,
which constitutes- the largest hydro-
electric development in the United
States east of Niagara Falht.
. The proi;ertyi npw mortgaged
represent an original valuation of
512.914.000.
CC Pricr? to net 5,10.
Baker? Aylirvg & Co,
Land Title Bldg.PftiladelphlaL
Lansing Fy-l ft Qt Ce.
pojwolldatjd Mort 6a
lat April Oct Pua 1821
To yitld 5,60
Today. Saturday
Hid. Asked, tlld. Asked.
,.. .12 113 03,, B314
ns; no B8H 8B14
33W 3414 8314 41j
70 71 70., 71
l.lti 14 13'4 14
13 14., 13'4 14
. (I71Z IIULI. IT.7U tRU
10 , 1014 1114
..... 74U 73. 74 74J4
78 78)4 77 774l
22 2Jl4 -2-' , 2214
42 43 .i'42i 43
no noi;,ifilI rb
2714 27fi '27W . 2J;
401 41H 40 41(4
pr.. 30 40 . 31 , 40
pr.. 4214 4314 4214 4314
,:... 18. 18(4 174 17
881 811 88, " 88li
.... r. 1-19 r,; su sa-iu
..... ni t 7
43S 43i 43 4314
.... 87li 87 N7M 8H
.... 83 S 83 81 8414
.... 1U 1.1-.. Id lovi
31114 311 .1(114
80 83 80
t c
i!o nrnf
l.ako Hup Corp
jen av ......
Uh Vnl
Ih Vnl Tr ....
oo prer , , . . .
ronna t
1'nlla nice ....
I'hlla Co
do .1 per cent.
do 0 per cent.
P It T t c ....
Heading
Ton Uel
Ton .Mln
Union Trac , . ,
U O I
U a Steel ,
Tork llwy ,
do pref 30
Wm L'campa etc 84
Financial Briefs
The New York .Sub treasury (jalrlecl
$410,000 from banks on Saturday, making
a cash net galnelnco Friday of 11,695,000.
Henry McAllister, Jr., has been ap
pointed general counsel of the Denver and
Klo Grande to succeed J. F. Vnlle"; de
ceased. ,
Application has been made to the New
York Stock Cxchnnge to list the following
securities: Paducah and Illlnola Rail
way Company $3,600,000. first mortgage
4 V4 Per cent. 40-year sinking fund bonds,
due 1055. I
Gross cnrnlngs of the Twin City Rapid
Transit Company during April were
$807,025, an Increase of $51,708 over the
corresponding six months last year. The
four months' gross Increased $265,481 to
$3,220,852.
The net profit of the British Westing
house I'.lectrlc and Manufacturing Com
pany during the year ending December
31, 1015, was 176,752, against 151,627
In 1914.
Additional securities of various com
panies haie been placed on the regular
list of the Philadelphia Stock Exchange
as follows: $139,800 American Telegraph
and Telephone stock; $1,000,000 Harrison
Brothers & Co., Inc., stock, and $39,800
National Properties-American Hallways
col. tr. 4-6 per cent, bonds.
LOCAL MINING STOCKS
TONOPAH STOCKS.
MM. Akd
Jim Duller ............. t ... . 1',.
MacNamara ,13
Midway ....... ..!.., ..',, ftt
Mlspah Extension , t ...... .87
Montana ..i,i .... .37
Northern Rtar a...,...,., .23
Tonopah Ilelmont .., Ti'4
Tonopah Kitenalon . .....t. 7'i
Tonopah Mining 61.
Rescue Bala ... . .47
West End i.... .1)8
fJOLDFrELD 8TOCKS.
u
1.00
frames" were ordered t.n
frame, 'and 276 freThtl JS
On the PhlWdelpbia s ock e
day tonopah Belm-int waaUif!
otv the local Issues, but ih.
a small fraction before hlil?
feoH'Uy "Tegular, followlnrm.1
tho trad ntr In Wan .,-..: " ".t
certinca,tei were weak, ,,
Electrlo storage Battery W ?.
!?!
Lehigh Navigation dropped
Ph)lad61phl4 Ilapld TrTrSf..
. . '" H
"quarter and Uma
ifed un a ft..r."i!
shares,
mark, at 65 AmerVcTn 0? !fl
full point. Late In the dav tL2T4
preierred came out at 42M i,n
at 45H, high for 1916. v"ltT
Atlanta
Itlue lTull
Month ,
Dul'doa;
(J O I) ...... ...,.,
Combination Fraction
Dlsmontintlil II D ...
Ilalsy ,.t...
N'lnrenre ...,.. J. .
Ooldfleld Consolidated
Uoldfleld llerccr ....
Jumbo rixtenalon ...
Kewanaa
Oro
Rand Ken
SlUer rick '. 10
misceliIanCous.
Falrv Atteo ..
Iv Imherlv . . .
vNevada Hill
Arizona un ....,
Noada Wonder ..v,
LIVE STOCK QUOTATIONS
A,
.11 .13
.03 .01
.18 .20
.01 .03
.Ot .OS
.08 .00
.01 .01
.04 .03
-B2 .58
:IS :II
.04 .00
.04 .00
.10 .12
,01 .03
,01 .03
.24 .27
,21 ,32
1.43 ' 2.30
CIIICAOO. May 8. HOOS Ilecelpta. 45.-
nricet oc. lower. .Mixen nnct nutrnern.
nnOi
If,
dllp
The membership on the Philadelphia
Stock Exchange of Edgar C. Gramm. le
ceased, has been posted for transfer to
Conrad Gramm. The membership off
Joseph II. Seaver, deceased, has been
transferred to W. Hlrlckle Smith.
The April production ot the Cerro de,
Pasco Mining 'Company was 6,024,000
pounds. This Is approximately the same
is in March.
M. DeAguero was' re-elected president of
the Consolidated Stock Exchange, New
York, for hlsflfth consecutive term at the
annual election of the exchange today.
There was no opposition to the regular
ticket.
- ,
The grain
closed today.
mt.rket at Winnipeg was
4039.(i.i: Rood heavy, $.o3O0.03: rough.
nenvy, tv.auvpu.iiu; nirnc. su..tio'U.uu; pijra,
JSRO 10: bulk. I9.70iun.83.
CATTI-E-k-necelDts. 20.000: market 10lBc,
lower, lteeves, 1 7. 00 p. 811: cowa and helfera,
13.9009.13: atnekers and feeders. jn.73O8.40;
TeTBns. I7.40O0.10: calvea. I7.50W0.2...
BHBKP Itecclpta, 18 00O: market strong-.
Native and Western. $009.30: Lambs, $8,400
11.7B.
Sloss-Shcffleld Earnings Good
NEW TTORK, ,ilay .8. The earnings on
the common stock of the Sloss-ShelTleld
Company are now at tho rato of from 15
to 20 per cent, a year. Thero have beenj
rumors ror several weeks mat the direc
tors some time this month would resumo
dVdcmVj on the common at tho former
t' 0 of 5 per cent a year. It Is expected
r. matte? will be decided within ,a week
or ten, days. 1
The
Guarantee!
Mortgage
HPHE non-fluct
- ing guarant
mnrtiTiin. J- "r. K
rnent ideal in unqueilW
able stability, sur'j
f UUlMk I11I.U 111 t 1
- ,. . -
speculative m cha
and unchanging fn
1
, Cfrmtars on Rsavwi
Philadelphia Compaay'
ouarameemg mortgi
"William it. Nicholson, VttiH
(8) J.and Title Dullulnr. ;
W-. nff.r n ,... :....V3.
, ,w ..-v.. a. n., y issue; Qt
3-Year
Convertible GoldKi
-, Yielding 5.75' 4
Particulars on reqwtt'
for Circular PE-9i
N.W.Halsey&;
, 1421 Chestnut St., PlilUMftitl
HeffYork Clilcaso Hani
Penna. Water
& Powe Co.
1st Mort.
s
5 Bonds &
m Due July, 1940 $.
fl l'ric on Anpllrutlon t
aH IH'
the first Cbnsideratinn in rlrriTtnnrr Thn mnrtMmif,
nBJ bond issue was to safeguard in every wgy;
uujiujiuiucr.
the bonds are secured by a first and' underlying mmR
gage on an enure property.
one of the oldest and largest corporations l&i
country, rated "AaAl.'-' Durchased and oaid ia
(par and interest) for an issue of Second HoHMM
uvuu vaaaw utw JJiUtl tr JF
the Public Service Commission of an iSJ
crn State approved the issuance of tJIIsi
securities, and the legal matters relMfj
thereto were annroved bv prominent, saiil
ablo attorneys.
the Company serves a large population, and is an s
lute necessity in the territory.
the earnings of the property should be four and mm
huh times an interest cnarges, and due to an
tionallv lariro sinkinr funrl onfi-hnlf nt tVi hnnrls i
be retired in five years, thus tending to make a ',
una active marnet lor the.oondsi
the bonds havo been purchased by a number of 1mh
and conservatively managed banks and trust corapwM
ana numerous individuals capable of judging "J
merits 01 a security. (
-the bonds can be nUrchased on an exeentionallv 1
income basis, which includes a participating interMJ
trie v,ompany-s earnings over and above tne imme
income irom tne bonds.
Would This Not Be-a Logical Investment for Ypujj
Kejstooe Telephone
Rata 100J
(Write or telephone for particulars)
Martin & Co.
INVESTMENT BANKERS
Stock Exchange- Building. Philadelphia
Hem
Lacatl
ON or About JUNES 1st, 1916
.' ' " "
ElDBUTY TRlBS5 GOMPANY
-
-
Wffl0p5.tr an Uptown wOMce
, m - -
N.E.Cor3road&ChestniitSts.
mm ear- iwVf,t msutf 1I4W.W8.
m m m
fiW ft MWM oB
V Cr Om tat fta
. , ,PWgf9 maiWffll-
, SEEJB A. MORGAN 4 CO,
(1irMMr
fitWK
m
vmmam J M Wt.
Hstr
yyw
WHJ JaKB.WlV? JMJB4J.. l'JMIl..
g' eE J yeBBS" Baag-arrt
, te
:I&f3r
ih-mn
m-W' rWta af.'Ws
sP4 El
t-SmmW'
wi
TirpniTpjjirTiiiiiii
f
it- f,
n si ssar zsw
ZJ' fli? ,) TaBA , ,
Zait afiff 3Sfw
p v rql