14
EVENING LEBGER-HrLADELPHIy, MONDAY, jtfAV 29, 1916.
r?
,,, FINANCIAL- NEWS
' '' .... ......
MAKY STOCKS AEE IN SCANT SUPPLY!
, EVIDENCE OP ACCUMULATING ORDERS
-
Changed Noted in Day's Limited Trading in Nearly All
. Cases to Higher Levels-Fractional Gain in Pennsyl
vahia Significant Foreign Supply About Cleaned Up
High Points in Today's Financial News
Philadelphia weekty bank statement' showed a decrease in individual de
posits of (5,693,000. Loans fell $S,05i,000 and the surplus 'declined
$6,730,000. Pride of bar silver lower in New York and London. Many good
railroad earnings issued. Four companies CinciAnali, New Orleans and
Texas Pacific, Dominion Steel Foundries, Mahoning Coal and Chandler
Motor declared extra dividends. $2,000,000 more gold received in New
York from Canada.
, NEW YOItK, May 29,
With tho approaching holiday, It was expected that business on the" Stock
Exchange would be flat today and that tho room traders would exert their efforts
to forco prices to lower levels. It seemed, however, that their energies had been
exhausted by the aggressive selling on Saturday and today's stocks were In scant
supply, oven from this source.
Thero wore evidences of nccumutatlvo orders In many stocRs, Indicating that
shot tho holiday a brisk demand will be In order, and the changes noted on tho
limited trading during the day wero In ncnrly all cases to higher figures.
Lehigh Valley was tho cause of a good deal of conjecture because of Its
s advance of i point, but It was Insisted that Lehigh Valley always acts In this
Way prior to tho regular dividend declaration. Shorts In Heading looked for uut
feldo selling and when they found an absence of selling orders some of tho bear
traders started to caver, causing an upturn of more than 2 points In tho prlco of
that stock, on which it clossed 102.
"What the trading clement has to look forward to was shown In the Increased
regular dividend and extra dividend payment on Chandler Motors, which rose 4 '4
to the now high record of 10Si,
I significant feature of the trading was the fractional advance In Pennsylvania.
Tho fact that that stock sold at B8 should bo regarded with more importance than
ahy of tho previous movements In these shares.
For a long time Pennsylvania has been In supply for foreign account, about
200,000 shares of this stock being sold since March 1 by a single firm, but this
nelllng has been absent for more than a week, nnd It was said today that largo
blocks of stocks which had been held here by banking agents have been sold by
private contract and aro no longer hanging over the market.
Leo Tiro responded to reports of a coming combination and advanced 2 points
to 62. Norfolk and -Western was another strong feature, advancing moro than 1
jpolnt to above 127.
Three Companies Declare Extra Dividends.
CINCINNATI, O., May 20. The Cincinnati, New Orleans nnd Texas Paciric
Railway Company has declared tho regular semiannual dividend of 3 per cent and
tho usual extra dividend of 2 per cent, on tho common stock, payable June 15
to holders of record Juho 5. The regular quarterly dividend of 1H per cent on
tho preferred stock was also declared, payable June 2 to holders of record today.
MV' May 29 The dominion Steel Foundries Company has declared '
a7nd ,! irr,CC!!V,n th proferre(3nd 2 P cent on tho common stock,
and an extra dividend of 3 per cent, on the common stock.,
nn ?rT2?R; J,IaTE29-Th0 Mahoning Coal Railroad Company has declared
Juno 1 n COmm0r, StCk' Payabl JU"e 14 t0 stock of record
' f1' May 29--The Chandler Motor Company declared tho regular
352Ssaaa,n1r,,ad,v,dMM r - sss.
More Foreign Gold Deposited in New York.
NEW YORK. May 29.-GoId 'bars to the amount of $2,000,000, received from
.?T,T: r t''? ." '" h A OHlce'tothToun'tTf
-. . -.. . J....O uW1,ba u,u miuy imports onthls i
T
movement to $19,250,000.
M
ki
Fmc
COTTON OPENS LOWER, BUT
REGAINS LOSS ON COVERING
'"Buying Ahead of Holiday . Is Large.
Weather in South Favorable
NEW YORK. May 20. At tho outset this
Jnorningr tho cotton market was 5 to 8 points
lower, but displayed a' steady undertone and
shortly afterward regained Its loss on cov
ering ahead of the holiday.
Cables were nearly as due, reflecting
large spot sales, but the weather through
out the South was considered favorable.
Tho Commercial Appeal crop report made
.tho condition 80, and an acreage Increase
lof 9,8 peij cent, these figures being about
as had been expected. Liverpool bought
October and January after the start, and
at tho end of 20 minutes trading the mar;
kot was within a point or so of Saturday's
close.
Tho market continued narrow and fea
tureless In the afternoon, with new crop
prices net -unchanged and tho July position
about 2 points lower. Traders were not
disposed to enter Into new commitments
' prior to the holiday.
Late advices from the South reported fav
orable crop and weather conditions, high
temperatures ruling In all sections of the
belt. According to a Chicago dispatch,
Clement. Curtis & Co. place the condition
of the crop at the close of May at 79.S per
cent.
Southern spot markets were officially re
ported unchanged. Exports for the day
'were 63,429 bales, compared with 18,338
bales last year.
Today's total Included 33,338 bales to
Great Britain. 2971 bales to France. 6619
bales to the Continent and 10,501 bales to
Japan and China. Clearances for the sea
eon aggregated 4,938,342 bales, against
7.823,516 bales for the corresponding period
last season.
Total receipts of cotton at the ports for
the day were estimated at 12,000 bales,
compared with 13,529 bales last week,
13,074 bales last year and 5176 bales In
1914.
March
July .,
October ..,.,12.00
December .... 13.0a
January 13.11'
Ausutt , 12.7(1
DPOC. 12.00
Liverpool Cotton
LIVERPOOL. May 29. Spot cotton was
In good demand at an advance of & points,
on the basis of 8.52d. for mid-uplands. The
sales were 12,000 bales. Including 11.000
bales American. The Imports were 4000
bales, none American. The market for fu
tures closed, steady at a net advance of
69& points,
DIG DROP IN DEPOSITS
Loans and Surplus of Local Banks Also
Smaller
The Philadelphia bank statement thin
Week showed a drop of 35,593,000 In loans,,
a IaaIIma Me?eTlAe7ftlAAat-- - - .
. ueuum m .,ui,vvv in loans ana a railing
Oft of J3.7JO.000 In surplus. - Details follow:
TWraa eta
Mar SO. "!. Dlf prv. wlc
. ..J5O9.lM3.0C0 iS.OSI.OOO
. .. 43T.482.0OO 6.51)3. (KMJ
. . . 73.tl9.0OO
. .. 168,0211. 0O.1
. .. 18.ft30.00O
. . . !OU.!S8d.OOO
. .. 16.UUU.OOO
i . . a2.SST.O0O
New York Bond Sales
lll'i
87
01 'i
02?
lll'i
VO
88
'JO1
01 'l
87
OHi
02 .
01H
on
88
00 'i
oat. close. Open.
....13.24 13.22
.,. .12. lit
Low. Close.
13.22 13.24
: i
i.-.-i? '-" -H I2.no
12.84 12.03 12.83 12.84
JS-8! !l!n 180 ,su
13.05 13.13 13.03 13.13
12,78 12.SH 12.77 12.88
innn irfo t- . Hlnh. Low. Close.
1i"-,.A?an;H J?"""" -In ... 82 82 82
moo Af $melt Sec 0,...ios.; ,(lg,J ,,'
3!1 n Af5?ur Co 4!i" n:" 3l
in m At;h,"n n 0.H, 113'. 03',
"n! ! d0 a.di .i" 8" 8(1 811
.000 cv 4 lOHO 1034 10.11. 101'i
U000 do cv 5s 1017 ... 101 ii 1X1 if it if
r.;.. a runs a ij ,g .. i
000 A Knox and Cln 4s . . 87
2000 Atlan Co Line 1st 4s.. 01 'i
1000 Halt and Ohio 3 Ha.. 02 H
1000 Ualt and Ohio 4s 01 '4
20000 do cv 4Hs oilH
I"?") doW L E V V 4s 88
looo do'SJwn 3Hs uo'.
..000 Halt and Ohio 3a . ..lon'j 100M loutt
100 Ilrooklyn llap Tr SsIlOS 103 I0J
, 10 U0 Bs 1018 loot. 100'i 1007,
"" uu9ii itrm uitiff 4s .. Hi? 871
COOOO Can Gov .Is. wl 1U20..100V4 100'i
4.100O do Ss. wl 1031 100!i 101
21000 do ,1s wl 1021 . ...100 100
yw i-em i.eamer 1st .is ..10:
iuuu tent j-acinc 1st 4s .
3000 Chea & Ohio re
1000 Chi & Alton 3a
3000 Chi A East III Ss..
7000 CM 11 Q Joint 4a
1200U do neb As
1000 do cen 4s
3uoo do reir 4s
looo Chi W Ind On. . .
2000 C II 1 St P cv 3s..
.iww uu my is y2"i
4000 do cv 4$ a HUH
limn ., ., r. 1
.ui... Ml, ,4U tTJB. ...... . If
1000 Chin Oow Huk Ba . . . 72
1000 Cona flnn tv Ha imj
wu uei iiua conv 4s. .
2000 Den & Mo Or 4s...
3000 Detroit United 44 s.
200(1 I)ls Secur Corn 3s..
USUI ii'l conv '' sr A.
7000 Krle prior 4s
3U00O do ens 4s Her D wl
MJIKI Gen Klec deb 3s. ..
uuuu ao iB
B00O Oreat North 1st
4000 Hud & Slan In 6a
8.1.10(1 do rid .la
S000 Interb Met 4Hs
.iuuu intern it rr rer ss.
87
100 1
100 It
100
102 102
00 00 no
103J4 103; 103i
nsw ,i8u shW
84l 84M 81 (j
118 084 U8ii
II8H 084 OKU
11.14 113 03W
UMU IIH'i OSU
H7jJ 107M 107J4
108H lost. lllK'.
l)2'.i 021i
mm un'i
04 114
72 72
124 124
107Ji 1IITJ4 107J4
78W 78, 78h
82i 82H 824
7;J 7i 70
7Iti 71J4 71.
8,lt 8.1H 83H
87 4. MK
0.1. 104'4 10.1
8J4 824 824
9114a (lll'i niHi
2114 28 2114
72W 71 7L"4
104
82
OU'
28
71
734
oxfct nnU
37000 Inter Sler Mar ct 44a.lU2'-I 102
1000 Kan City So ris 01T 01T4
5000 Lake K & y 1st 4s . . . 074 074
UOOO Ix & K Ss 100C lews
10000 Us & M T Ss IOJ'1 102
wiuo do 7s 125 12.1
ouou Loriuara na 101
1000 lxiuis tc Nash 4s 044
3000 Mex Pet Co Us Her A.. 114
4(100 Minn 8t 1, 4s . . . . 113
10000 Mo K &. T 4s xDec CD 714
9!i'
1UH
1000 do Ss
1000 do ext Cs
1000 Mo Pac cv Sa
300O do col ct 1020
HOoO Mont Power Ss..
2000 Nat Tube Sa,. .
1000 N V C L 8 34V,
10300 N y C A II (Ss.!
UUUU UO -t ft..
looi
914
114
113
T4 4
site
VITI
(11 1?
:; tq
.. U7 4
..U4. 113 113?.
211
72
73
08
102
01J4
074
100?i
102
12.1
101
04i
114
03
74 4
61
47
87
074
111 l
01
in 0(ki
4.140.MO
6.061. Olio
28.000
B.703.OOO
013,000
S.73O000
SN.
T.oana ..,,,.
Oepoalta (tod.) ....
Circulation
Iue from ba&ka. . .
peposita of baaks. .
Ex cUartnir bouae..
Heaervea held ....
tteaervea .required .
MurnltljL ...--..
r oneroaaa. ' "V
Surplua Mar 81. ISIS. 132,139.000. 8urplua
tinder old form, June 1. 1914. waa JI4.0tl8.OO0.
. Juiia S, 1913. waa 17.838,000; May S7. 1912.
' 19.61,000; Jlay SV. IBlX, IB,15.750.
NEW YORK COFFEE MARKET
NEW YORK, May 39. The coffee roar
Jset was steadier at the opening this morn
Ins, with Brut prices 3 to 6 points abova
Sstuiday'a final prices; Sales on the call
were TS0 bass.
Tod
opemci.
?-
.
'mm-
f fjjift.tt,i
aJm55S
pi lwKs
j-.-ara
b'atur5ya
oae.
e "
., ...t .
. .. ... -1
ber ... - .
'mmtxr . .....
"- ... .
S.i8
860C
8.0
hi
8.85
8.T9
g&m aA vj
8.Slg8,Sa
Ij448.4S
S,S28.34
a.au&a.Bi
8,i48.6(l
iila.7U
a 72 . 7a
7ia.7
8.ia,8
S.8i.&i
e.MS.S5
1000 N v n i- m. i.,'iiu'j: 1.1
2000 N Y City 4a 1037 Io0'4
6000 do 4 b 10HO : !. 102
1000 do 4 4a 10(14. j;..;i0JH
2000 do 44a 100.1. . . ',1084
1000 N V Lack & W 8a., .108 2
.n!! m.'i.XN " ua..ii2I
12000 N - Rwv ref 4a S7 4
87VS?. 0ir &. "Mt cvt -"Hs.125
1600 do 4a ,...,,. 03
5(ioo Nor Pac prior 4a ... U24
20O0 do sen 3s , . ...,,, eml
1000 do re 4a ......... I2
1000 Ore Kwy t N con 4a. 92
1000 Pao Coast lat Sa , . 07
8000 Pacific Tel .la 100'i
loooq Pa Ken ct 44a 102,
looo do en 44a ..lostt
J00O People's Oaa Sa I.JlOlU
1000 Pub Srv N J Sa . 02I
8000 Heading sen U . . 034
5KH! i!'D r S ..... 084
8000 nock Island rfd 4a .. 744
JH22 atJ'- M 8 4a .... ill
1000 do aidf 4a ....... u
11000 do Ken 6a ... ...1024
.1000 St I. 3 P rfd 4a ,., 804
35H!i2 do rW ct ata 4a 744
30O0 do sen ct 87
12(1000 do adl w L'l HI
K.iixin do A w I .........
S7000 do In w I !'.,
Soon do w 1 . . ....
8000 Stand Milling Aa ,.
1000 Seaboard A L Sta 4s
! u ooum lieu Da iimi
0000 South Pac 4a 8I
4000 do cv 4a , 87
21000 do cv Sa !..!.;... 1042
1000 do rfd" 4a ., sn2
lltnoo Houlh Rwx Ken 4a 714
18000 South Kwy coo 6s... 1014
inoo South ny Mob . 00 ir.il
1000 Third Ave ref 4a. .7 Alt!
2000 Third Ave adl Sa 704
11000 Tol 8t L W s SO
20OO II S Oov 3 101i
200O U S Steel at Sa IOS44
soon U & Mtc ct . . fcs
S3000 Union Pae cv 4a . . 034
1000 Iln Kwya S F 4a 334
Jmio Va Car Cum Jit 5a.. 98
laOOrt do 8s .. ...lot
1000 Va Kwy Sa 87
SOOOr Wabash 1st 8 . ... 1034
1014 1014
1034 10.14
101VI 101U
924 92
11.14 U.14
8(14
100
80
104$
81 1
7BV4
0.1
8.1
93U
334
s;
101
974
Bit
8000 Wab-P T lat ct 4a
1000 IV.st Union 44a...
JOOO Weat Hloo 5a 101S 101K
NETWORK BUTTER AND EGGS
NEW YORK. Mar 2 BUTTERBUKMly
Miner and nrco. Rtcelpt. M20 packaces. Ex
tra, creamery SOHc higher acorlmt. 304 814 c;
State cUlry 30c . Imitation creamery 200284c
003 Tone lrrtzular fad aenerally weak.
Extra Unft, :3923c. trage-packca extra
nrua ;323c atoraxe-packtd regular flrcta,
SSWaSs.. vbllu 25W28c.: bzmarTsiU. ailuT
luliti ttdot, 52I, -
New York Stock Sates
tat close, ltlth. lAtr. Close.
Artann Etptes 139 139 139 139
Alisk 1 Hold M 9J QH OU W
Alaka Gold Mine 22H 22H 22)i 22
Alllj-ChMmprs Mtt 27H 27JI 20JI 20J
Allls-C'Mrir pf 81, 81f'81 815
Am Ag ChcmlMl ).. 08J( OSJi 08)i" OS'f
AmncetSugat 745 7i "4 74i
Am nectsuear pf. 07 90)1 00 00
Am Can 60Jf C0 50 6OJ1
Am Can pr lltu linii" 110 110
Am Cat A Ftljr ...... ... 00 00H 00 00)f
AYn Coal Products... ... 159 102) 169H 102
Am Kinross 125 125 125 12.5
Am Hide & Leather 8 8J1 8H ' 8J
Am Ice Sccutltlcs . , 20H 29H 29 29Jf
Am Un-ead , 22 22'f 221f 22H
Am locomotlve ...72 73 72)( 725J
Am rx)romotlvo pi ......102 10IH 101K 101,
Am Smelt A Ref 1 OS't" 98f 98 98
Am Smelt A U pf ll.'W 113H 113W 113!f
Am Smelt pf A 9IJi 95J OIJJ 05H
Am Steol Foundtles...,, 624 52)( 62' 62U
Am Tel A. Tel 129)4 1294 129H 129J4
Am Woolen 44)4 45 45
Am Willing P pf........ 2J 25), 23J 2414
Am Zinc h A Sm. ,..,., 83l 81!f 82 81H
Anaconda Cop M ,. 84!4 85 83 85
AtchTop AS F... 103J4 10554 105H 1055i
AtchTASFpf 101 101 101 101
Ilald Loco Wks 88 89), 8854 S9,
Halt A Ohio 9W 91H 90;4 QUi
UattAOhiopf 70 77 70f 70Jf
llalopllas Mining 2H 2 2 2
Brooklyn Hap Tt 87M, 885, 8754 88
n town Shoo 58 57)4 574 67)4
Brown Shoo pf 102 101 101 101
Ilutto A Superior , 91Ji 02), 1)0 OIK
Canadian Pacific 178 17814 177 178)4
Central Leather 51Jt 54)4 64)4 51)4
Chandler Motor 102 loots 103)1 105
ChcAOhIo (!2! 03U 02)4 03
Chile Copper 21 20,'i 20,H 20!
Chlno Copper 53tf 62Jj 62f 6214
Chicago (Ireat West pf.. 38 314 37)4 37)4
05f 08)4 07)4 D8!i
129), 129J4 120)4 129J4
20)4 21(4 2054 2054
73) i 71 .4
43 41 42)4
137)4 1374 137
102 100
112 112
HOLIDAY CHARACTER
TO CURB TRADING
United Motors Leader of Few
Exceptions, Due to Syn
dicate Operations
NEW T011K. May 29.-Trttdlno; was of?
a holiday character In many Issues on the
Broad street Curb today, -with some stocks,
Including Metropolitan .Petroleum, going
through tho day without 'any trading.
United Motors was made strong, how
ever, by syndicate operations, and tho clr
culntlon of many bullish points Induced
some buying by Stock Exchange members,
which helped forco the prlco up from 754
to 82 W. f
I'erlmnn Him also showed strength, mov
ing up from ISO to 153. Thcref was a little
activity In Chevrolet, which, after advanc
ing from 240 to 246, reacted to 242. Flcm-,lsh-Lynn
Phonography was sternly, with
sales at 7U. '
Tho oil stocks showed little change. Mon
oton Silver continued the most prominent
of the mlnlng'stocka, selling at 2 nnd 2U.
Aetna Explosives was weak, yielding
from 17 to 17- on small Bales. Other
Issues were steady, with narrow fluctua
tions nnd showing llttlo change In cither
net gains or losses.
1NDUSTKIALS.
Acme Ten B8U
Sales in Philadelphia
'M-
10 Amer Ilirj-s pref 984
10 Alliance Tnsur. . 17
Chi Mil A St Paul
Chi Mil A St Paul pf
Chi It I A Pac
Cluett Pea A Co . . .
Col Kual A Iron
Consolidated Gas. . .
Continental Can 101
Continental Can pf .... Ill
4
43
137X
101)4
112
19)4
81
Corn Products lief 10)4 20 1054
Crurlulo Steel 81 8W b25i
Crurlblo Steel pf 1I7U 110) 110)4 110)4
Deere A Co pf 89 00 1)0 90
Den A Itlo Or pf 20 20 20 20
Detroit United Hys 112 1)2 112 112
Dome Mines 20H 27 20'f 20!f
Distill bee Corp'n 6054 SDS 60)j 51)4
Krle 3854 3851 38)( 385
Krlelstpf 63)4 61 53), 51
General Klectrlc 1703g 170)4 170)4 170)4
General Motors 619U 402 402 402
General Motors pf 110)4 110!f 110 110U
Goodilch 11 F 70 7CJ( 75JJ 70),
Goodrich 11 K pf 115U 115)1 115K 115)1
Great Northern pf 120?1 121)4 120)4 121)4
0 N cfs for ore prop.. .. 401 404 40 40
103
Illinois Cent 10351 103)4 103
Int Agricultural pf 51 53
Int Harv Corp'n pf 101)4 105
IntIIarvNJ 112 112
Int Con Corp'n pf 75)4 70
Int Paper 11 11
Int Paper pf 49 49'4
Insp Cyn Cop 45 45)1
Int Nickel v t cfs 45)4 40
Int M M cof dep 25 25
Int M M pf c of dp . .. . 92)S 92)1
Jewel Tea 80)4 87
Kelly Spring Tire 72)1 72) J
Kcnnecott Copper 55 51),
Lack Steel Co 70)1 70'1
Laclede Gas 100)4
Lako Krlo & West 14)1
Lehigh Valley 81)4
Lee Rubber Tire ....... 50)4
Liggett A Meyers . .
Loose-W Bis 1st pf
52)1
105
112
70
1051
4854
44'4
4554
21)4
1)2
85'!
72)4
54W
70)1
100V1 100)1
IT 141
14f
83)4 81
5251 50
. .250)4 245)1 245)1 245)1
8 85 S4J4 85
6251
105
112
70
1051
49
45
45Ji
25
0251
87
72)4
54)1
70)1
100)1
14)1
S3! 4
52)4
Manhat Etcv gtd 129)4 129)1 12951 12951
Max ell Motors 80 80 85)1 8551
May Dcpt Stores 07 0751 07
Mexican Petroleum 109)4 109)1 10S
Miami Copper 35)i 35)4 3551
Minn A St Louis 5),
Mo Kan A Texas 451
Missouri Pacific Oil
Mo Pac tr cfs
Nat Cloak A Suit....
Nat Lead Co
Nev Con Cop. . .v..
N Y Nil A II
New York Central . .
Norfolk Western . .
North American ....
Northern Pacific
Ontario Silre. Mln...
Penn Railroad
Pittsburgh Steel pf....
Pressed S Cor Co
Pullman Co
fly Steel Sp Co
Reading
Reading 1st pf
Reading 2d pf
Republic Iron AS ...
St Louis Southwest ...
Sears Roe A Co pf . . . .
Southern Pacific
Southern Ry
Standard Milling ....
Standard Milling pf
Stuiebaker Co
Texas. Pacific
Union Bag A P pf .
Union Patlflc
Union Pacific pf ...
V S Ind Alchol . . .
US C 1 P A F . .
Un Rys Inv Co pf .
US Rubber
US Rubber 1st pf.,
U S Steel Corp'n.
07
109
3554
OH
4)1
0)1
0)S
78)4
07
1751
01)4
100
0)4 0
4)1 4)1
0)1 0)1
0)4 OH OH
... 7754 78H 77)4
... 07)4 0754 07
... 1751 1751 1751
... 00)4 01)4 01)4
..105)1 100 100
...12011 127H 120H 127)4
... 09)4 OS). 08)4 GS)4
...113)4 114 112H 114
... 8)4 8)1 8H 8)4
... 57)4 58 5754 57)1
... 0S(4 9851 0851 08)1
...47 40 40 40
..105 105)4 105 105)4
.. 41 42)4 41! j 42)4
..10054 10254 100)4 1025,
.. 4451 43 43 43
. 47 40)4 40)4 40)5
.. 47)4 47)1 47 47
.. 19H 18)4 18)4 i&K
..120H 120)4 120)4 12CH
..100 100)1 99'1 lOO'l
22H 2251 22)4 22)4
,103Ji 104 101 104
03)4 94 94 91
.138 13054 138 139)5
.. 1254 12)4 12)1 12)1
.. 30)1 3051 30)1 30'1
.139)1 13951 138J4 13954
.. 8251 82)1 8251 8251
..157M 159)1 15751 15SH
.. 22 2151 2151 2151
.. 20 10)4 1951 19H
.. 55H 50)1 55H 50
..109H 10951 109)4 10951
Atna I'xnloslres ..., 174
Alax Itubber Tire 03
Am Itrlt MfK .,.. 12
Am Mnrrnnl .................... 3
Atlantic (lulf & W I 41
do pret ..,,. B1U
Harnett .A 2H
Cnnndlnn Or Co (IS
Can Car & My pref 83
Chevrolet Motors 342
Cuba Cane Sugar M?i
Curtis Aeroplane 4K
nrlffKs-Seatmry 129
Ulsenlohr Tobacco 42
do pref no
Emerson Phonograph . . , 12
Flrml"h.I.nn 714
Haskell St Darker Car ..,.,,,,, 33
Ilemlpe Manufacturing ....... ..... 2.1
Inter Merchant Marine , 24'4
do pref 02
Knthodlon Ilronze pref In
Mnxlm Munitions H
Manhattan Trnha 1 ti
Met Petroleum 21H
MliUnle Steel I12i
Mldvalo H0V4
Otis Klevntor no
Peerless Motors . 234
Poole llnglne Ion
.H M Kresge w I hi;
Stnndaril Motors A
Buhmnrlne 3H
Triangle Film 3
United Prnnt Sharing
V H I, & II com 2
do prer '...... r
White Motors B0
World Film
STANDARD OIL STOCKS.
Illinois inn
Ohio 232
Prnlrle Pipe ,....21.1
S O California .....200
S O New Jersey ,BIH
S O Now York 200
OTIIEIl OIL STOCKS.
Cosden Oil , SB
Chalmers Oil 4
Inter Petroleum 104
Houston Oil , 17ft
Midwest lief (17
Sapulpa Itef 12U
MINING STOCK.
Atlanta 11
Ilutte Copper & Zinc O'i
llutto N Y 2H
Ccrro do Pasco Soft
First National B
noldfleld Merger 11
Hecla Mlnlne 4 '4
Hown Sound r.vi
Jim Butler 03
Jumbo Ex 01
Kencflck, Zinc 13
McKlnley Darrah 05
Magma Copper 1(1
Mines Co of America 24
Nlplsslng T.i
San Toy IB,
St Joseph Lead 10U
West End Con l'n
DONDS.
Cerro Ss 113.,
Chesapeake & Ohio Ss 0474
BO
17
(17
1" .
J
:n
4
71
no
Z4B
BO
S3
132
40
OS
W
Ti
8(1
27
20
110
4
(12 H
117
02
ifo"4
;gii
3n.
!
ft
ci
ins
233
21 H
2.12
B2B
MO
2.1H
k
(18
12i
13
OH
2.1 II ft O PI
19 Ilrooklrn It T.. 8R
10 mm. 10 .,.'. si)
20 Crutlhle Steel 88
21 Kiectnc mor . 111
8.10 r.rte ..... . .
10 Key Tel Bret
.... . -1.. .. .......
, 1 Lehigh Nav ., 7(1V
1332 Ihlgh .Valley. . 83H
180 Lh Vnl Tr pfd IS
3 North l'enna .. M
457-renn ........ ntiH
. 10 I'a salt Alfa- ..101
k 10 Phllft CO ..,.,. 41
05 do cum pref
A8.1 I'hlln Kloo .
2(1 P It T tr clfa.. '
.30 1'lilla Trae .... 7n
loo nw uenerat
ono iiesning
, a j. I,....,
410 Tonopah
.t TrtnnttAh Minr
All llnln. Tl.ll ... JM
42 Unit Un1 Imp.. XCH
104B U 8 steel ...
4 Warwick I A Pt l5i
103 W Cramp Sons 8i
luu York llwy pref. 30
lllah
tlnon An. n.. J; irt f.m on na
2000 Hald 1.00 1st Bs,104jt lOtfi
IDiio city 4s c 11)311. .IOJH 102H
110(1 do 4s 1P43 rg.lll-'
7000 Irfh Val gen 4s. P2
100(1 do Drex rs 4Hs.lnoS
100 Nat Prop 4-ns,. (11) ,
2000 Lh VI lst.Bs.. 01";
1000 l'a Co gen 4Vks.loni
1O00 do cona 4M.10.1H
.10011 rhlla Co lst.Bs, 101 ,
2000 Phlla Elec 4s., 82H
1000 do Bs 104
Bono Bpan-Am I (Is,. 102
B200O Welsbach Co Bs On
0000 WNViil'a Bs ..103
Net
tow. Close, chge,
lift '. ''''
01 02 .- H
88 88 H
81) 8!) : 1
ni ni.
f:
..... 41,,
ft .. 42'4
. ., 27M
fa.. 17H
... TO
Uenerat . , B B
ig .,,.., .lniy lfinU
i-v 2.2M .22H
ih Helm 4H, i O'lfl
ih Ming, !)( OH
8 ?5
48 43 'If
iSI iSH Ii
42 i
M 17U H
70 7(1 '
43, 43.. !
10K lSJt H
83 83), i..i
3(1 30 .....
Net
Low. Close, chge.
(13., . . .
I04J1 .....
I02M Jl
111 m - r
Dli 1)2 hi
IOOH 1H :
."D., "?., ltL
101 101)4
10.1H 103)4
101 101., .....
82K B2H 4
104 104 H
102 102
00 01) .,
103 103
WARNINGS OF NORFOLK AND Wtch'
CONIJSfUE TO SHOW LARGfe EXPaj
Return for Auril and Ten Months Above Snh, v.J
T.nof Vnnf Dividend and.Int.mP.Qf. Ph. "W
x, aj-mentg-
uniauts- 111 tiuiie
Lo6al Bid and Asked
3(1
B
v 13
4',,
Bi
03
04
14
(17
in
3
7
IIS
OB
85 85)4 84)4 85H
U S Steel Corp'n pf 11051 117H 117 117H
Utah Copper 80)4 80)4 SOH 80H
Va-Caro Chem 4251 42)1 42)1 42)1
Va-Caro Chem pf 100 108J4 108J4 108J4
Wabash, 14H 15 14)1 14)1
Wabash pf A 40)4 4951 491 4951
Wabash pf B 28)4 2SJ4 28)4 2854
West Union Tel 90H 90)1 00 90)1
WestE&M 01H 02 01)4 02
Western Maryland 32H 32M 3151 3254
Willys Overland. . . , 270 270 271 Vi 275
Wisconsin Central 33 38H 3SH 3SH
FOREIGN EXCHANGE
NEW YORK May 2D. The market for
foreign exchange In the first hour of bust,
nesa today waa quiet, without appreciable
chance In rates from Saturday's final fig.
urea. Quotations: Demand sterling-, 4.75;
cables, 4,76 7-19; francs, cables, 6,92;
checks, 6,36; Swiss cables 5,2 1U; checks,
5.22; Vienna. 13.25 13,30 ; pesetas, 13.00
19.95 ; Stockholm. 29t 29 ; guilders, 41H
041; rubles. 3074030. ,
In the afternoon the market continued
dull but the tone was steady and some Im
provement took place In francs and relchs
marks. Otherwise there was very little
feature. Quotations: Demand sterling,
4.75 11-1601.75; cables. 6.76 ; frana ca
blcs, 5.91?;; checks, 5.9214; relchsmarks,,
76ft ana 11. sterling iook on a uuie Detter
tone on the gpld Imports.
Financial Briefs
RATES FOR MONEY
New York ..
Philadelphia
Uoston . , , ,
Chicago . . . .
aw 4
Time.
t m
Reserve Banks' Discount Rates
10 or
leaa.
. a
. 3
. -i
Hoaton . . ,
New York .
Philadelphia
Cleveland
Hlchmrnd ,
Atlanta . . .
Chicago ...
St. U3UIB ..., a '
Mlnneapolla .. .
Kanaaa City.., 314
tlallaa
San Franclaco. 3
Over 10 Cher 30
up to 30. up to 60,
3V4
sv.
t
4
4
4
h
?H
4
4
1
4
4
4
4
A
1
4
Over BO
up to 90.
4
I
4
Boaton
New York ...
Philadelphia. .
Cleveland . . .
Ulchmond , . .
Atlanta
Chicago
St. Utula ...
Mlnneapolla .
Kanaaa City. .
Dallaa
San Kranclaco
;jjp 10 sv aaya
Acrlcul. Trada aeeentaneetf.
uver vu. up 10 ou. vuto vu. mooit
4
Cora.
S
B
l
5
6
5
5
B
II
3
3Vi
3
34
S
4
III
over 30 to 60.
4
k
8M
8
t3H
per ceot.
per cent., and oter 80, B
over 60 to 80.
oer cent.
Coinmerelal paper, three to alx monthj, Phlla.
dclphla, 30S per cent.
LIVE STOCK. QUOTATIONS
CHICAOO. May 29 HOflR nlr.,a Juu
ttin1 S5.,0r- '.lVl.JSi jHtxhtn, 18.20
;iiis;9:Kfvia"r.S5w.
1M. ef UQUM (O.
CATTLK--RisMipU. at-OOQ. Market 10025c.
M
bulk. U3Sft
MS30t
.ex!
lower
t 40. ata
i20.CQi cows n4 hTfen!
atockerfl and fAdra lAiKHs on
rnu r Ansa "is inimiiii ,y "T
iHKEg-7 UteflDU, 30,fcm; .Varlut 188
lastAr a tft
J.alS.4.H.
VM
iiaMi,
wb, I9.10l.10; laicU,
April grosa. ........ i., 1114.174
jsec atter msn,,.,,, oo.iou
WESTERN SIAJIYIANP.
April croia 1831.833
Net ?.,,.... 813.46.!
12 montha' grpia ,..,,, 8,886,287
Net .,.,,: 2.811.826
CHICAGO. INDIANAPOLIS AND
YILLc..
April groaa ....,.,..,.' 1818.000
Net 224.141
10 montha' groaa....,, 6.821,093
Net
iisviLi
3,107.623
LOUISVILLE AND NASHVILLE.
122.921
1B.VVU
I138.S7S
83,030
1,033,561
1,222.'.'4S
LOUIS-
1
188,071
S4.47R
887.072
073.878
Third week May,,.,.,, 11,202,003
prom guiy i.., uj,u..joj
ILLINOIS CENTOAL.
April groaa 13.394.780
Net 907.083
Ten montha' groaa..... B7,186,33T
,e( , . .io,voo
1231. too
7.273.757
1738,500
371,632
j, 4,794.938
1. 639.589
YAZOO AND MISSISSIPPI VALLEY.
April groaa
ptti .f.
Ten montha groaa
net
11.018.427
2U4.U40
11.272.871
3.332.010
JERSEY CENTRAL.
12,888.319
460.2S&
0.12.63
4,64.8
groaa
197.310
81.922
1.299.63S
878,763
1180.034
. IfJ.OUS
8,748, 9U
083,018
April groaa
Net , j
10 montha'
eDecreaaa.
Ylctor Not Part of Flemlsh.Lynn
NEW YORK, May ZB.-rJJ. E. Baerat,
president of the yiemUh-Lyniv Phonograph
Company, today emphatically denied reports
ot the, last few days that the Victor In
terests were In some way connected with
the Flemish-Lynn, Company. U eald that
the Pljetnlsh-tarnn Phonographs Company'
wsa entirely Indapeudent or ajiy otlier la
twttt l th pfcofw-raph twut
r.B
37
80
110
03
32 i
tints,
Dun & Susrt eo
do prer tc . .
Brill J 0
llaldwln !
do pref . . . . .
Cam Hteei . . .
Elec Storngo .
Oon Asphalt . .
do pref . . . . .
Keratono Tel 14
oo t o 14
do pref ! 118
Lake Sup Corp
Lehigh Nnv "HH
Lehlah Valley 83i
Lehlsli Vnlloy Tr . 21'i
do pret N 43
Pennsylvania 07t
Phlla Electric 27H
Phlla Co ....1 40(.
do r, per cent, nref . . 80
do 0 per rent. pref. . 4 J
Today Saturday
Sid, Aaketl. Hid. Aaked,
ao i, per rent. itci. t. ".-
Phlla Itap Tran t c... liVi 17i
Itendlnir 1U2V5 IU3.
8
U O I 88Vi
U H Steel 8,'iK
York ltwy I4't
uo
pref
ll'm Cramp
a
8.1
r.l) . . . . nu
110 B8 00
40 88 40
80V4 88 88(4
111 1011 110
.... 82 ....
04 U 03 JJ 04
33 32. 34
71 OHM 71 ,
14J4 14 14J4
14 14 144
111) 08 0
id. n in. in l
f 7HU 7ni
81 81W
21 22
ffi &
40U 41
311 40
42., 42H
1UJ4 17k
10(1 lot
4V 4
Oi 0J
42K 43H
88 88J4
83i 83U
14 i 14U
30H
834
7
R3'4
21.
tit
40
4JJ4
43-i
88J4
834
144
3IIW
85
an
82(1
EXPECTS SILVER TO GO HIGHER
President of Tonopnh Belmont Tells
Stockholders of Good Prospects
Prospects of the rising prices of bar sil
ver continuing" until much higher prices nre
readied aro brighter, according to a state
ment made this afternoon by President
Clyde A, Heller, of tho Tonopah Belmont
Development Companly, during nn nddress
at the annual mcetln of tho stockholders of
that corporation In fcamden today.
He said In part: "I can see nothing to
put down the prlco of sliver. On tho con
trary, I expect to seo It go much higher
after the war. China will need 25,000,000
ounces, and Mexico Is likely to be In the
mnrkct for silver. There' will be another
big market for Irjdlnn rupees, which have
been drawn on heavily In financing military
operations In Mesopotamia. Thero will
probably be a demand from there of not
less than 16,000,000 ounces a year for
awhile, so I can see nothing but nn opti
mistic outlook for silver."
The directors of the
elected.
company were re-
The New York sugar market took a
holiday today and will take another to
morrow. It will be closed on Saturdays
throughout the summer. '
During the wedr ended May 26, the
Atchison, Topeka. and Santa Fo Railroad
handled 28,612 cars on Its lines, against 25,
429 cars last year and 25,688 cars two years
ago.
Stanley H. nose, until recently In chargo
of the New York olllce of the Bureau of
Foreign and Domestic Commerce of the
Department of Commerce, has been engaged
by the Barber Asphalt Paving Company, to
direct Its foreign trade department. Prior
to his appointment as commercial agent of
the bureau Mr. Hose had had an extensive
business experience In the larger part of
Europe, Australia, New Zealand, -'India, and
Egypt, and has also held Important posts
with American and European Arms engaged
In foreign trade.
Gross earnings of the Byllesby Proper
ties during tho year ending April 30 were
$16,039,031, nn Increase of $1,170,612. over
the preceding year. Net earnings were
$7,913,921, an Increase of $797,430. The-j
April earning gross was $11,388,331,
against $1,272,839, for April, 1915.
There has been placed on the regular
list of the Philadelphia Stock Exchange
$704,100 additional stock of the American
Telephone and Telegraph Company and
$195,300 additional C per cept. cumulative
preferred stock of the Philadelphia Com
pany. "
The report of the Indian Refining Com
pany, for year ended December 31, 1915,
shows deficit after charges, of $53,726, as
compared with a surplus of $114,848 for the
previous year.
Frank D, Lackay, of "Wilmington, Del,,
has bought a seat on the New York Stock
Exchange for $65,000. ,
The Paris Bourse will be closed on Sat
urday herefatcr, until the end of Septem
ber. The New York Subtreasury gained $876,.
000 from banks on Saturday, reducing cash
net loss since Friday to $758,000. "
RAILROAD EARNINGS
ailAND TltUNK.
1010. Increase.
Third week May 11.088,679 1160,21)3.
rruiiiiuir .......... io,uiu,g,u i,uot,uuu
DELAWARE. LACKAWANNA AND WEST.
April groaa 3.720,73( 136,520
Net 1,141,1(14 1(111. Sill
Ten montha' groaa.,,,, 43,438,630 4,088,128
Net .,.., 14.580.762 3,416.533
DETROIT AND MACKINAC,
BOND OFFERINGS
FREEHOLD. N. J., May 29. Charles F.
MacDonald, collector of Monmouth County,
will receive sealed bids until 10:30 a. m.
June 9, for $55,000 4 per cent. 10-year
courthouse bonds. A certified check for 2
per cent, la required.
NEW CUMBERLAND. W. Va., May 29.
G. L. Buchanan, president of tho Court
of Hancock County, will receive sealed bids
until 11 a. m. June 10, for $126,000 19-year
averago and $40,000 18-year average, 6 per
cent. S A road bonds. A certified check for
2 per cent. Is required.
IIARRISONBlRG, Va., May 29. W.
Swank, city clerk, will receive sealed bids
until Juno 15 for $75,000 4 nnd 4V4 per cent.
25-year Improvement bonds.
BANK CLEARINGS
Dank clearlnea today compared with corre-
nnnndlnir dav last two veara:
lOlfl. 1013.
Phlla $34,273,212 Holiday
Tloaton 21,477,030 Holiday
New York....303.H!)7.2S5 Holiday
Chicago .... r,l,7L'1..1.-.l Holiday
St. Louie ... 18.048,063
1014.
$33,763,772
83,126,230
387,0114.120
00,023,504
Last Dividend .for Bankrupt Company
SYRACUSE, N, Y May 29. At the final
meeting of the creditors of the Pierce, Butler
nnd Pierce Manufacturing Company, a
dividend of 7-10 of 1 per cent, was declared.
Previous dividends have been 60 per cent,
nnd 17 per cent. United States Judge
Ray has confirmed the final accounting of
Judge James P. Hill, trustee for the bank
rupt concern. In 1914, the failed company
was succeeded by the Pierce, Butler and
Pierce Manufacturing Corporation.
Big Dividend for Oil and Fuel Co.
COLUMBUS, Ohio, May 29, The di
rectors of the Ohio Cities Gas Company
have declared a dividend of 10 per cent, on
the stock of the Columbus OU and Fuel
Company, payable. July 1. The directors
also declared the regular quarterly dlvl
den'd of 1 per cent on the preferred stock.
' Zinc Ore Price Drops
JOPI.IN, May 29. The price of ilnc ore
U $5 lower, ranging from $95 a ton down
ward for various grades. The market Is
quiet and sales smaller.
WANTED
Lansing Fuel & Gas Co.
Consol. 5s, 1921
REED A. MORGAN & CO.
WKST END THUST 1IU0,, riHLA,
Member of the Phlla. Slock Exchange
,Frazier &- Gx
INVESTMENT BANKERS
Broad and Sanaom Sta.
DIVIDENDS.
THE IJSIII0H rOALAANp NAVIGATION
Philadelphia, April 28. lQial
Dividend No. iso. ' .
Tba Board of Managera thli day declared a
Quarterly dividend or two per cent. 11.00 per
.bare) on the Capital Stock at tba company.
payable May 81, 1816. to atocaholdire Vi TrTgle.
tered on the boulta ot the company, at Vi o'clock
Son. April BO. Hill. Check ul K Mallei to
atockboldera who have nled permanent dividend
ordera.
HENRY U. PEASE.
I Hrafttfv
AUEBIOAN cUs.COUF&MX
nausea, N. 1.
alar 18. 1913.
i pee
atoek
Da
TUB
104 Uarket St.,
A quarterly dlvtdend of , or M.OO
hr, baa bea declared on the capital
ot isle Company, payable June lat. 1911. to
atockboldera o!-recora at S o'clock p. m.. 1
liui. mm. unicKi win em Djaiiea.
jr. B. TOWKSEND. M, TTtaeojar.
DIBECTOBY OV dCCOVMANia
Cartitted Putlle Attouutaata
a fcB$w&,yra tftUw
The Norfolk nnd Western Railway con
tinues to make progress fn tho matter of
earnings, substantial Increases being Bhown
over tho corresponding periods of. last year.
Lara-est trains nro being made In freight
revenue, that Item for April totaling $4,
0l6,o29, an Increase of $763,311. The 'total
operating revenue for themonth of April
was $4,676,972, n gain of $917,788, while
the net fof the month was $1,998,381, nn
Increase of $802,388. The net Incomo after
nil deductions wns $1,647,338, n gain of
$732:904,
For the 10 months ending with April the
operating revenue was $47,023,160, In
crease $12,376,7B6. The net wbb $20,483,
988, Increase $8,600,602, Net Income After
charges was $16,458,676, Increase $8,502,
m' ,
Holders of securities will receive $186,
986,870 In dividend nnd Interest In June,
an Increase of $21,821,196 over the same
month of last year, according to a com
pilation made by the Journal, of Com
mcrce. The amount to be received by stock
holders will be $64,386,870,. compared with
N
jjm
r?$
$46,866,676. The indunlri.i . P
reach $46,039,922. ScS',
. !,1?-Wa'7Tlck Iron & Steel r... n.J.C'St
i uiHiriDiiiion or $1.67 . ,C'Z '"lllw.
MS?!6 Jun?..' to o,EWK
. ...: utokb win close .ln. ; nwi
OKB will m.. ... " recort 1,-H?,
June 12, This Is n ..euu.ni. wl rtoS.W
the terms of the lease til ia SS'"'
Company. This Is th ..15 B?Mrn feZi i
this kind, the ,n,.t tawS'LBWi
June 10, 1914. vmft beW mt4 $
Trndjng on the PhlladetuM li fi ' "!
change today was nule tandtv,. A-
. tvnlml hMM.J u,"anQ the tnarVkiC. ' K
flavin gope out oi 'the " J onm , i'
to return until after Memori.7 lttw '-tfl
trust certificates advanced if' -.VtS V
early In the day. bul Tlost the J1?" &
half more, luring dXedi ;
In the first houf, but recover .J.1
oeiore noon, iiapld Transit trugt e.V a "),
Most of the business was don. i
arbitrage Issues, Pcnnsyivani. S " .Ul
and Lehigh Valley, thS SS tine',
advancing moro than 3 polnti, ?-roa8'
LONDON STOCK MARKET
Trading Is Light nnd Grand Trunks
Are Firm
LONDON, Mny ?9. Trading was light
and without feature on the Stock Exchange
today, but the tone was about steady.
Although business wns quiet In gilt-edge
securities, small gains wero recorded. Home
rails were fractionally Irregular.
American Btocks nnd bonds were below
parity because of tho supertax on yields
which has continued to forco heavy Belling
to the Treasury Department.
There wns a weak tone In Canada Pacifies,
but Grand Trunks were firm, being In
fluenced by the Increase of 69,000 In tho
net earnings for April, desplto tho fact
that there waB ono less working day In the
month this year.
South American railway securities were
flabby. Foreign commitments wero. quiet,
but Spanish and Russian Issues wore firm.
ChlneBO obligations Bhowcd a weak tone,
due to the political situation In that country.
OH stocks were hard but Rubbers were
dull with the staple. Shipping securities
displayed a good tone, with the Cuna,rds
leading.
London N. x.
13130
Atchison JJOVi
Can Pao 1...183
uo.
102
. . 40tt
. . no
. .108
Chea & Ohio
St. Paul
i:rl
do lat pret
Ill Cent ....
I Kill la & Naah
N Y Pent
Pentm (10
Iteadlnir 10S,,
So Pac 10351
Union Pac 144
U S Steel 87
J83J4
74.
.110
equiv.
10.1 .'.
17T 1
02 y.
nT!r S
a8ji
M'A .....
103 ft
127 J
10S. .....
07V4 H
" 4
S3
par alUer was
na., ore o-ioa.
In I
BAR SILVER
quoted In London today at
York .commercial bar silver
quoted today nt TOHc, ore He.
waa
v.Condltton of U. S. Tre..ti
WASHINQTON, May 29,The rfa.S
of the United States Treasury. acS'H"
a statement Issued today . ..W "
Net balanco In gener!
total receipts, $67.36:
ments, $67,613,340. Delicti for year .
176,796 exclusive of the Panama ctl'Jl1'.
public debt transactions.
.363.918! total dlsDU,! , I
iclt for yef, , .
Panama Canal .
n An Independent Oil
- With Merit 1.
I UNITED
1 , WESTERN
I OIL'
H Active development work under
way
Production sold to tho Standard
g Oil Company of California.' y
j Actively traded in on ' '
1 New York Curb t -
W Completo details In Descrlrtiv8'clr.
p cular No. 10. z1"-
I D. W. Ritchey & &
I Drexel BIdff. PhlladtlpW.
iei. i.omunnl 101L
I
su
llllllillllHlilllllll!iillllillllll
g Investing With an-Eye g
On the Melon Patch m
I I fT Mtnv eraAratfone liave adflllted I '
(T Mtny cerperatlont have adapted
tba poltsy of quietly allowing ex
tra profit! to accumulate, or alia
?ut them back Into the butlnen, to
he enhancement of lnTMtmant val
ues. Thui a melon patch la culti
vated for the enjoyment of itock.
koldera.
SFrom time to time the aceumn
ted profits are distributed In the
shape ef extra drrldsnii. Or the
added values are eapltallsed In new
stock, which la divided among the
shareholders In proportion to their
holdings.
(T Bight now there are several big
corporations which will shortly dis
tribute stock dividends ef from 0
to 100 to their stockholders,
fi A pamphlet en the subjeot of
stock, bonuses and subscription
rights will be sent free to those
requesting It, together with circu
lar naming the corporations that
are about to oar stock dividends.
Ask for IT-PL. lnoludlnr heckles
SSI explaining
"The Twenty Payment Plan"
m
m
Pennsylvania
Gasoline
Company .,
We have Just Issued a special,.
circular describing this Corananvj'
business nnd tho possibilities of Itii
.1..... H.l.lxt. .. B.. u. .., ?' ...
a.iaiva .viiiuii tua jiuw aeiungBt
par, $1.00 per share, and which 'Ml'
shortly bo listed for trading on tta
New York Curb. This circular .will
bo mailed on request
a., i. mv un Xtcnj
- .. wwei
Members of Phlla. Stock Exchait'
Real tTttate Trust Bldg. ty
Philadelphia, Pa. "
M
Sa J InMcytrncrvtZairtatv- v2
13 (Established IMS)
-40 Exchange PUce New York S
BlllllllllllBlllllillllllSIIIIIIIIIIlS
BONDS
Carefully selected securities, of
proved merit.
Send for Circular.
MELLOR & PETRY
M.mbe.?7ttVorkk8.khEh.g.
338 COMMERCIAt- TRUST BLOQ.
16 SOUTH BROAD STREET
Men of Banking- Experience
are being sought lor advisory and
possibly executive purposes. Two
familiar city banking; one country
banking: two who have studied and
believe In branch banking. Croup
men national prominence desire con
fidential communication from men
described above.
Ilox A Htl, Ledger Ofllee
TA?C EXEMPT
x. J r m t
jLiisiea Ivans
TO YIELD 4,65
IV.
These bonds are a mortgage oh 18'
mllea and they are legal In Manx
chuaetta, Connecticut and Vermont.
JDetalM upon requet.
N.W.fialseyffCo.
1421 Chestnut St., rhllidebhta,-1
New York Chicago San Fraafto
West Dome Consolidate
Thenomenal reoults obtained In recent it
telopment work, showing ore ot an esUj
mated value of four m JUIona in ihW
already. West Dome looks like anotttr
big Canadian gold mine.
ROBERT E. KEMEREB
Jlember Stnndard Stock Eich.. Toronto, ,
600 DKKXKI. DLUO., FIIILA,
Lombard 3033 Main 31M -
SS llroad Street New Tork
108 Hay Street, Toronto
DIRECT PRIVATE WH113 "TO
NEW YORK AND TORONTO:
INVEST IN MORTGAGES?
AT M iA
t Recommended by T ,
BEN T. WELCH
1328 Chestnut St. ,
To Tho Holtsctri of tho Flrt Mortgae" 5 Bondi
of tho
CoMidated Gas Company of the City of Pittsburgh
Til iwr. rnmm,',.... n.l.UU t. n .1 (....tfM-.. hefn f6miCQ J!
for the protection of the bondholders of the Con$olldaJedGyaV'
Company of the City of Pittsburgh hereby announce that tney ..
have effected a consolidation into one Committee, composes
of the undersigned members. ... M
!, v,vr,i(ii,iic Will U(.VUllUCr VC ICtll.a " X ' T .. . V
of the Deposit ARreement of the Philadelphia Committer j
dated February 17, 19J6, with such amendment as " w'
cidental to consolidation. The amended agreement has peen
filed with both the depositaries named below, and the right oty
in uuiawui uuuer tuc terms oi tne .nerccinciit cfm jv
15,1916.
The Committee has now on deposit approximately thre
million nine hundred thousand par value of bonds (abput 807
of Ihe issue), and will receive further deposits of bonqs af
either of the depositaries named below, up to and incluoins
June 15, 1916.
Tba rennsjtranla Company for In
sorancea an LIth and Granting
Annuities. '
Philadelphia.
Sail Deposit and Trust Company,
Pittsburgh.
DEP0SITABIE3
0rg.,HpiWy
WaUoo C Frtemin,
j Ptt(aburgB.
COTN8EI.
E, L. Rraatltatu, Sci.ttry
817 Cbutum t..
" . .lWta4lta,
Cbarlaa S. VT. Packard. Clulrman.
IPrealdent Pennsylvania ComM"J
for Ina. oa Uvea and Orantla
Annuities). Philadelphia,
A. t). Boblnaan. Vice Chairman,
(Preaont Saf. HJ'
"IdeVpclTgJf-'
EWU a''Pt1Sipnfe,
fctJfiS"S&",fcSjr BaU.morB
VrSayi saiste fcgss