.'
Br
&
The Inception
ang Growth
of Standard Oil
if That Is lb title o( lti fetter. 1
lart'tia m current lime or our rort-i
mchtlr publication InttHntnt Oil
I fori uafffra, which lo cc-ntaloa tbei
l fallowing abnjecta nr. more into or-:
tainarr moment 10 !nMlotl
Ha H It harm hi Ctatitntm. , ....
Sh Nat M Ru (0 Stack DmaoW
Mikf Sku-SWCfU Ht i Strati N ..
10. el Kflrterkr M hi IO0OnMaJ
ant Otaer BwImm I $2 nnxL
ttmhSlrrrtl5l6$nla$32.1CMf4 .
IM ItefMlmi Weill, we. . .,..
Perth! rime Sleek Tiklr m.
81 leti f (Wwtnt Rule) Km. ...,
bnartnl Qeulerlt Dmirte DcchntMl...
II This number (if Irelifl Op I
i pormauire. n wen at eucceetfini?
I laaliea. will lie eent trrfi ct fnaroe.
upon rrtineet for SO TU Including
I booklet ipltlnltic I
"Tbe Tweatj Payment Plan"
I nrror1r4l
Irwcrmtwyiariilc
(Lltablllbed 1008)
40 Exehanje Place New Yori
JL
Fre of State Tax in Pennsyl'
vania and Federal Income Tax
Philadelphia Suburban
Gas & Electric Co.
First & Refunding 5s
These bonds are well-secured
and are -guaranteed as
to principal and interest by
the American Gas Co.
The Company serves a
large part of the territory
adjacent to Philadelphia and
operates in 42 towns and
boroughs in neighboring
counties. It controls some
40 franchises which are per
petual and are exclusive as
regards gas.
Price to yield about 5
Circular on request
William P. Bonbright & Co. , Inc
MORRIS WISTAR STROUD, Jr.
Manager
437 Chestnut St., Philadelphia
New orL
London
William P. IlonbrUlit A Co.
Detroit
Paris
nonbrlght A. Co
City of
Philadelphia
Interchangeable
4 Bonds
Tax Exempt in Pennsylvania
Legal investment for sav
ings bank and trust funds
in New York. Massachu
setts, Connecticut and other
States.
Eligible to secure Postal
Savings Deposits at 90 of
their par value.
Price to yield 3.80
Foil pnrUralnrM nrnt imou re
Quest for Circular PIS 87
The National City
Company
1421 Cheitnut St., Philadelphia
New York
, Cotton
Chicago
San Franciaco
I'nttburjth
Penna. Tax Refunded
0
First Mortgage
Bonds
Earnings about six
times amount required
for interest charges.
Listed on the New
York Stock Exchange.
Price 101 and accrued
interest
Sfni for descriptive Circular JS8.
A.B. Leach & Co.
(nvettment Securitiea
115 South Fourth Street
Haw York
Males
Chicago
London, Has.
Buffalo
BalUmor
Edmonton (Canada) 5s, 1934.
Edmonton (Canada) 6s, 1921.
PWUdelphia Elec. Co. 5s, 1966.
Georgia Ry. & Pwr. Co. 5s, '62.
Nw Orleans Terminal 4s, 1953.
Southern Indiana 4s, 1951.
Circulars and Price on Application
orris Brothers Co.
EaUbllslied 1898
1421 Chestnut Street
yymcTQKY of accountants
CaarttaW Public Accountante
PB"
BURNS 4 OI'EAKMAn
the buubbb
iaIllYam b, montklius"
t CHESTNUT BT.
!BJ. . . .
I , , .
i
JVENINGr LBDaBBPJHIfiADBLPHX, FBI-DAY, FEBRUARY 2. 1917
FINANCIAL NEWS
MARKET TONE IN WALL STREET
' IS UNCERTAIN THROUGHOUT DAY
Financial Interests Waiting for Administration to Act.
Rumors of Sinking of American Vessels Used
to Depress Prices Late in Afternoon
,
Hinh Points in Todays Financial News '
Stocks in Wall street showed uncertain tone ihronqhout, day. Good
buyinfl was in evidence in forenoon, hut prices declined late m day when
reports on sinking of American vessels, xvetc heard in the Street. Wheat
prices irregular. Another break in solton. Several companies declared extra
dividends. Keystone Telephone toting tiust for common stock to be extended
for five years. Price of bar siher unchanged. New York banks lost more
than $23,000,000 on money movement in week.
NEW YORK. Feb. 2.
Tor a tlmo during the forenoon tlio stock maikct reflected tho influence
ot what tlio Street calls good huvlng. Mnnv Individuals with monc to spmo
wore,buers of Industrials vvllh a good recoid of earning power nnd this buvlng,
with coveting of shotts, was effective In causing vlgotous inllles nt Intervals
dtirhiR the dn. It was evident at nil times, however, that tho flnnnclal interests
had nRaln nssiimcd a wnltliiR position and would tako no active steps in tho
tuniket until after definite HtntemcntR wcro made In resaid lo tho action to lie
taken hv tho Administration In response tg tho declaration ot tho new German
Hiibmmlno policy
All thioiiBh tfie day Washington was looked to to fuinlHh nn lncentivo for
nution timllnp on cither side of tlio market, and when Information was not
obtainable iiimniH were created and foimed the basis of more vigorous trading
Koine of these rumors wcro to tho effect that American vessels had been
dostioved In consequence of tho new submarine program and tho other reports
were tffectlvo In unsettling the market situation In tho afternoon and causing
sliaip iccesslons fiom the higher levels established euilj In the daj .
Tho at-tlou of Ameiicnn Ueet Sugar was disappointing nfter the declaration
of the etta dividend ot $12 a sharo and tho Increase In the rate of tho dividend
on tlio common stock from C to 8 por cent. Pi lor lo that nctlon Ameiican Ueet
Sugni hud ndvnnced fiom 81!'4 to 91, but tho news was followed by a leactlon
of nlinut - points.
In the last half of Iho dn lalhoad issues weie selected for heal attacks
SI I'aul, which had been undur pressino since tho publication of the unfavoi
nble December statement, dropped more than 2 points to below 83, and losses
of I to 2 points wero sustained in many of tlio other leading ralhoad stocks
Theie was nn irregular tone to the bond maikcl. with the Anglo French 5s
ntlinctlng most attention because ot heavy pressuie, on which this issuo dropped
to the new low lecord of 32. The convertible lallwav and Industrial Issues wero
also he.ivv, reflecting declines in the stock market
SUBMARINE ISSUES ON CURB ADVANCE
ON PROSPECTS OF BIG U. S. ORDER
STAV YOIUC, Tob 2
Tin. Curb mnikct continued to show an unsettled tone ns tho result of the
new tJeiman subimnine policy The news that a bill had been intioduced In the
.senate for the purchase of manv submarines was lesponded to with an advance
In Submarine Hoat from ft) to 24, and I-.ike Torpedo nt the same time rose fiom
(,' to 9'J. Wright-Mai tin Aircraft wns another stiong featuic. advancing
'"'outside of" thee movements the tendency was generally to lower prices,
although after declines i allies were In order. Magma Copper, which sold as ow
ns 42. had a iulck upturn to 48 and Ceiro do Pasco, which opened at 34, i allied
t . ., I,,. r. .-,.. V fn mnvtnr, im finm
In the oil stocks the lone was irregular, nun u"i v-" ' o
14U to 16, and Cosden Oil ranging fiom 13 to 14V.
to 56 and Oklahoma was tiadeU In nt liji w ii-,s.
' 6Mldvn!e Steel chopped from 52 to 52, followed by a rally to D2". Aetna
r:ploslves continued to lellect Inside accumulation and advanced fiom 4
t0 5The motor slocks were unsettled, with United Motor selling down to the
new low record ot 38.
Sinclair Oil sold nt 55
Rojal Dutch sold at 60 la
1M1LMKIA1.S
Bid
Aetna Uvploslves
Am Bilt Mfg
Am Marconi
American Writ Paper .
Can Car & KIy .
do pref
Carwen Steel
Charcoal Iron
Chevrolet Motors
Cramp Shipbuilding ....
Curtlas Aeroplane . . .
i:mcrson Phonograph . .
Federal Djestuff .......
Haskell & Bather Car..
Hendeo Mfg
Kathodlon Bronzo pref .
Laurel Oil & Gas
Lima Locomotive (new)
Matlm Munitions
Midvalc Steel
New York .Ship
Otis Dlcvntor
Poolo
Peerless Motors
S S Kicsge w I J
Stand Motors '4
.St Joseph Lead 17
Steel Allojs V4
Submarlno 3 J
Triangle Film IV
Todd Shipyards
United Alloy Steel 41
U S Steimshlp 'i
United Motors 3i
World Film V
Wright Martin Aircraft. IIV4
Zlno Concentrating . ... 3Wi
IIAILHOADS
Itock Island com 3
do A pref '
do B pref 70
Western Pacific w I ... SO
do pret 51
Wabash Pittsburgh
do pref
HTAMAIU OIL
Illinois
Ys rlosp
Asked (Sale)
', '
4
3 4 3Vi
2V 11 30
m 70
10'4 1114
7A x '"'
0V 1011 07
-,0 R"
ft iO
ion II VI it
40
30 41 30 V,
20 20
.1
50
l'i
3fl V4
R7
HI)
14
3
a
.IX
37 V4
2
00
17
11
V
IK
9
2.1
SV4
SI
40
n'i
3K-J4
12
4
35
87
12
2.1
SS
M5a
37
17 'a
MV4
10
5!i
4.1
3S.
30 Vi
11
IMIEI'ENDKM OIL STOCKS
Harnett Oil & Gas ...
Cosden
Cosden &. Co
Federal Oil
Inter Petrol
Houston Oil
Merrill OH
Oklahoma Plod & H. .
Osage Hominy
Itoyal Dutch
Sequojah
Fapulpi rtef
Sinclair
Dlil
13-U
1RV4
U
I13
' is
13 V4
11 VI
X'j
ao
OVi
G3
1.8 I lns
Askeil (Snli.)
it
STOCKS
32 237
Ohio 303 3D
Pralrlo Pipe 'o 320
Stand OH of California. 393 3U.
Stand Oil of New Jersey 710 720
bland Oil of New York. 293 208
11ININO STOCKS
Alaska Standard Vi
Atlanta 14
Big Ledge "
Blsbee Coppei (a prosp) "?4
Butte Copper Zinc .. 8V4
Butte NY 1
Calumet S. Jciome 1
Cerro do Pasco . . . . 35
Consolidated Arizona ... 1"
Dundee Ariz lli
llmma Consol 1ft
First National 2V4
Florence Goldfield S3
Globe Dom V4
Goldfield Cons 60
Goldfield Merger 7
Green Monster IS
llecla Mining 7 '4
Howe Sound 0',U
Independence Lead .... 1HV4
Jim Butler 73
Jumbo extension 20
Kerr Lake . 4 V,
Kewanas IB
McKlnley Darragh .... BO
Magma Copper . . . 47
Mines Co of America ... 2
Nevada Wonder 1T
Nlplsslng 77a
Bay Hercules 3i
San Toy . 14
Tonopah Dxfenslon .... 4
West Knd Con 0IJ
White Oak 3V4
BONDS
Am Smelt 5s 87
Cudahy 5s ODTa
Cerro de Pasco 6s ....110
Cosden Oil Cs 132
Cosden S. Co new 6s. ...105
French Munfc 6s 00
MIdvale Steel 5s 0B
Ttusslan CVaS 05
Russian 5'is H8V4
Sinclair Oil 6s 110
Todd Shipyard Cs . . .101
Western Pacific new 5s. 00
U K new 5V4, 1-yr ... ooft
do 2-yr oo
I) S Bub new 5s 0.8
St Paul 4ViB 00(i
2
14
10
5V4
12 54
20
II
m;
8
63
Hi
V4
50
n
15
41)4
'k
1V4
3R
l1
3
25
ft
70
8
1J4
7
7U
1V4
74
31
4
18
55
48
2V4
H
8
4
16
4 Vi
70
3V4
2
14i
13
1SV4
184
14TA
11V4
8
62
lli
0i
55
15V4
5 'A
Mt
35
H!
Hi
lft
07
7
It
70
17
53
43
8
314
4
00
3
ion
10014
115 .
105
106
V4
97
80
III
102
91
09"M
06 V4
B6V4
100
10 J Vt
OOVi
B6V4
80 Vi
00
ooft
00
00
"Nco York Stock Sates 1
T.aat
close,
Adr ftumel) 10
A)at llubbtt 07
Alaska Gold Mine 8!
Alaska Juneau 7
AlllJ-ChalmfM Mtl i!4
Alll-Chal Mf pf 81U
.SaYBRNMENT BONDS
i
Ittfik 12 1- -..-lltl
I I5??4. M?a' St
tftrffaw . .....,).,
m.l Aakcd.
oS
lit
r MM.;
&-
pffeJ.
MONEY-LENDING RATES
NEW YOIIK The advance In quotations
for money today must be considered veiy
moderate and due more to technical consid
erations than to any dlmunltlon In the
available supply of funds or to any ur
gency In the borrowing demand.
The current 3Vi per cent trading figure
for five months on good, mixed Slock Ex
change collateral Is 1 per cent higher than
In the corresponding week of 1916 and for
Bix months Is Vi cent higher. The present
rates show even less advance over 1915
and about correspond with the level of 1914.
Call money opened at 3 per cenlfor lend
ing and renewing.
i,mr nitriMiiA--Call. 3U ntr cent.
TIme, ZYjipiVt per cent. Commercial threj
to six monins, jiU'5!i vr vein.
LONDON Money on call was JV4 per
cent today, unchanged. The rate of dis
count In the open market ' for short and
three months bills was 5JVi per cent,
unchanged.
DIVIDENDS DECLARED
J. O, Wblto L Co.. Ipc rerular quarterly ot
lVa txii font on tho preferred stock.
1. Q. Whit. laanaaomaiit Corporation, rajfular
n....trli of 14a loor cont in the preferred stock.
J. 5. Wh'.U BaaYioMrliw Corporation, roatilac
ouarttrly of J aTW.of""". rforr4 attwtc?
mMmm f .1 .M xjm.. rasu,r uunu v
tmfmmms. - -.-- -al;"cc rtfT. ri"'.
paav .w v mwd a
FOREIGN EXCHANGE
NEW YOnif. Feb. 2. The foreign ex
change market was virtually at a standstill
today, and quotations accordingly were en
tirely nominal. Sterling and guilders
showed the only changes from Thursday
night, u slight Bhadlng. Vienna was a Ut
ile better than the extreme low record and
lire held at the low established yesterday.
Quotations were;
Demand sterling 4.75 'i, cables 4,76 7-1$,
sixty-day bills nominally 4.72 V4, ninety-day
bills 4.70U.
Franc cables E.83V4, checks E.MVa.
ltelchsmark cables 67K, checks 67Vi.
Lire cables 7,28, checks 7 30.
Swiss cables 6.00 Vj, checks E01V4.
Vienna cables 10 68, checks 10 BB
Stockholm cables 29,65, fhecka 29.E5,
Pesetas cables 21 35, checks 21 20.
Guilder cables 40 12-16, checks lOVi.
Ilublo cables 21.35, checks 28.25.
Am Aetlcul Chem..
Am Ueet Sucar
Am Can
Am Car ft Fdy
Am Hide A, leather. . .
Am llldo & leather pf
Am Ice Secutltle).. . ,
Am Unseed
Am Lccornotlvo
Am Smelting & Hot ...
Am Smelt A Hef pi
Am Smelt Sec pf 11 .
Am Steel Foundries
Am Tel A. Tel . . . .
Am r Taper pf
Am 7. 1. Ik. 8 ' . . .
Am 7. 1, A. H pf .
Anaconda Copper
Atch Top ISFo .
Atl tiulf A West I
AH O A. W 1 pr
llaldaln Locomollvo. . .
Ilaltlmoro A. Ohio .
Itarrctt Co
llethlchem Steel
. 19Ji 51
U'f 41'
.17 ns;
.12-iJ 127
. mis io
112
. 381 i
. 1)0' a
. 2IS-J
5(1
OflJ,
I
40
.11
Ile.hlehem S Clan B w IllOJa 1J1
urooklvn Ilap rr ..
Burns Bros
Ilutto A Superior . .
CalKornla iclroloum .
Cat retroloum p
Canadian IVIIIc
Ccntrvl Levther.. ......
Chandler Motor
Ches A Ohio
Chi Mil & St 1'
Chi A Northwestern...
O BI A, I'cfjof dp ..
Chile Copper
Chlno Copper
Col Fuel A Iron
Columbia (las . . .
Consolidated Gas . ...
Corn Products Ktf. . ..
Cruclblo Sled .. .
Crurlblo Steel pf ..
Cuba Cano Sucar ...
f iibv Cano Sucvr pf .
Distillers Securities . .
Krle 1 .......
Krio 1st pr ... .v....
Gaston W A, W
General Electric . . .
Gen JiIoIom icmp cfs .
Goodilch II F Co
Great Northrn pr . .
Illinois Central
Inspiration Copper
Intcrboro Consolidated
Interboro Con Pf
lnternat Mer Marino
Internal Mer M pi
lnternat Paper
Internal Piper pf . . .
lnternat Mckel
Kelly Spring '1 Ire
Kcnnecott Copper .. .
Uick Steel
1-ehlsli Valley
Lone Island..
Mazvell Motors . ..
Max Motors 1st pf.
Man Motors M pf . ..
Medcan Petroleum....
Miami Copper
Missouri Pacific w I ..
Mo Kan AT pf ... ,
National Inam AS...
Nev Con Cop
New York Air Drake
Nc ork Central .. .
N YN H AH
New "V. ork Ont W . .
Norfolk A Western. . .
Northern Pacific
NovaScolla SAC..
Ohio Cities Gas
Ontario Minlnc
Owens Boltla Machlno
Pennsyltanla BallroaJ .
People's Oas Chlcajo
Pitts Coal cfs of (lop
Pbts Coalpf els of dep
Pressed Steel Car
SOD
ltlh Low. p m.
KM 1SW mi
79 09 OS
HU RJa 8'
7 7 7
22M 23
Rl'f Sl'f
8 8
8Va 8S'
38 38
fi.r)'t 0V(
um 11
WH hi
2(1 2(1
in 10I1
0viW 01
OH, 1)8
115 115
0714 i)7'j
Wl Vi
iJt'l 1241S
3Sf 30!i
31 31
C." 05
75 7J'i 71'
lOJ'i 101?i 102
01'i OT
fiO 6!)
17 47
?s 7au 75 rais
llfl'a' I10 U0'
375 370 370
lfll'i 1'JO'f
7lSa 76' 0) 0)
OT 101W 101) lOHi
40'4 4lt' 40 40
2.1 2.1'i 2014 204
. 52)4 52 47'i 47'
.15S 168'f 150U 151
. 72N 74t- 7()' 70i
)!'' !)" !)2i4 Dl'i
. 0) 00U OH 00)4
8VX 87 81U Sl'f
.1"20W 120d 120' 120)4
. 27' 27) a 20 2i)
2214 22'i 114
S
, 21S
38)4
02
, 10'f
6U1
25(4
1014
0M4
. 8
115
074
5554
121)4
:n
:n!4
OS
7.114
1021 1
l)8lf 101
594 0)
. iax fio'f
117
370
25
8H4
80
5)1
41
02'f
11
01
2fi'f
Wi
0S 4
!IS4
115
'
504
124W
mi
31
40? i 4))4
31 .T)
37 37' 1
120'j 120'4
I8'j 1'1'j
51)5 55
1K)4 HO'i 110H
:i94 37'j 3'l
8)'i SJ'4
22'i 23
20'i 25 Lj
I0J4 l'l'f 40)4
12 3D4 3m
102' a 102'4 10M4 1021i
.11)1 mi 100)4 100'i
5P4 514 51 Sl'f
.11.P4 It !' 112 113U
102'f 102'a 100',' 100)4
. 50" 4
. l.l'a
00)4'
. 21 '3
. 42
. PS
. 3')' 4
. 5)
i"
7
. 71
. OT-4
. 4!)'4
. OS''
. .11
. SS' 4
. 35J4
. .if)
. 10
. 2ll'4
. 21'.
.118
. m
. 11
. 21'4
1 i()'4
.10")'a 100 1U24 102'a
. Ml 01 '! 01
. 07 )S U.P4 ?)!,
5'i 5'4 5U 5'i
. ir'a 9')'a 00 0!) ,
. 51'4 51'i' 51 51
IOP4' IOP4 llll'j 10P4
.14 .)'! ,l,.' .1,-1
.12 !', -10'
11 ri'j iva
Mi' 4 00 00)4
2.1J4 21" 4 21
71 fiS 70
423; 4l)i , .jo
'I0'4 07"i flSJS
40' i 39' -10
.ll'f GUi 51!4
IP a 10' i 4')Ja
70 74' 1 75
7t'- 7.P4 74
10'4 4) 40)4
6I'a 40 41'a
OS' 4 OS r8W
31 33' a 31
90' a 8S S0'4
.!0 3.1 3534
.))4 20'i .lO'j
10 10 Ifi
27 22s a 2,a
22'i' 21 2T',
141 1,11 1.11
90st' 91 !)2'4
4P 40'4 41'4
2K4 21 24
1.10'a 1.10 130
24
.. 91
. U
. U'i
. 5S5
. IV i
Ry Steel Spjs JUJ
uay Lon copper....
Reading
Reading jd pf
Republic Iron & Siuel.
Sajton Motor ,
Seaboard Air Line . .
Scars Roebuck A Co .
Sloss-Shcf S ,I ..
Shattuck-Arizona
Southern Pacific
Southern lly
Sludebaker Co ,
Texas Co
Tobacco Products
Union Pacific
United Cljar Stores..
United Trult
U Slnd Alcohol ,
U S Rubber
UriSRef&M ...
U S Steel
US Steel pf .
Utah Copper
Utah Securities
Va-Caro Chem
Va Caro Chem pf . . ,
Va Iron C &. C
Wabash
Wabash pf A . . ..
Wabash pf B
Western Mar land .
Wcstlnehouso E & M.
White Motors
vMIIjs-Oierland
Wilson A Co ....
oolworth F W
u
IV a
214-
94 i
ll'a
OS
50
lo'i
100
75
4V4'
2Vi
91'.
41
00)4
59
1V4
218
m
108 10) IDS
i( i ,.)
r.'i
21
UlU
41
01
5SJ4
15
.2173-4' 21S 21S
.. 51 51' 1 51
. 2V1 2.1' "2 1
. 9iv, 91s4' 924 'J254
.. 29'4 29)4 2R(-j 20)4
UOJi 1011a !)7'i 99
211 2113-4 20S 210
.. fO'' 51 Cm 50'4
.l.tbJa 130JJ 1J2'4 18214
.. 95V. 90 0.1 91
..14015 112)4 140)4 141
..11.T4 110 112)4 113
.. 54V4 55'i 5t 55'4
.. 50' i 55 M 55
..102'i- 10414 101), 100',
.118K 11!) 118)4 lib''
..tOt'f 100'4 10)a 10K
.. 2l)a 21 20 203f
. .18' 3S .18 :a
..110 110 110 110
48 4714 47'4 17'a
13)4 l.Di 1.134
50 48 4834
20I4 211)4 20)4
24' i" 21 24
50 4S'i 4)i
47W 40)4 47'4
33J4 31'f 3J34
00)4 CO 00)4
1453, 145'4 14M
1314
. 494
, 20'i
21
4914
47V
ZSii
. GO
ua-i
'V.x dl lilend Goodrich. 1 Gaaton-W llllama
Wlsmoro. 1, Consolidated Coal-of Maryland, 5,
IHG GAIN IN EXPORTS
Manufactured Articles Sent Abroad
Doubled in Value in 1910
WASHINGTON, Feb 2 American
manufactures sent abroad )u,t year were
double In value those of 1015. Manufac
tuies ready for consumption wero valued
at $2,625,686,208, the Commerce Depart
ment announced jesttrday, compared with
$1,315,105,562 In 1915. They fon.ned more
than half of the year's Increase In exports,
which aggregated 15,421,209,102, against
$3,493,230,532 in 1915
Crude materials for use In manufacturing
exported amounted to $719,760,977, an In
crease ot $152,000,000 over 1915; foodstuffs
In crude condition and food animals were
valued at $421,279,570, a decrease of $39,
500,000 ; foodstuffs partly or wholly manu
factured totaled $648,059,813, an Increase
of $97,500,000, and manufactures for further
use In manufacturing were valued at 7912,
202,629, an Increase of $436,600,000.
Horses exported were valued at C3L
752,826 and mules at $28,009,018.
"Will Operate Upstate Furnace
LANCASTER, Feb. 2. Plans are being
made for the repairing and early operation
of the Vesta Furnace by E. J. Lavino A.
Co, of Philadelphia, This concern bought
the furnace yesterday.
Sales in Philadelphia
Net
this.
lllth. Low. Clo.
Atll Insur. 21V4 V4 SV4
70 Am Hy pf 07 07 07 -H
10 Crun Steel. S M 1
529 I'.lec Co of
Am .. . SsM "
25 Drie 26 t
12 a Asph pf 7V4 7
700 Ins Co N A 27 26
o Kcnne Cop 41VA 4IVfc
50 Key T Co. 1$ 13
2270 Lk Sup C 1V4 10V4
300 Lch Nov 81 70
530 Lehigh Val 75 7V4
800 Leh V Tr. 21 21
5 do pref 4JVi 4Vi
100 Lit Bto- 25 25
220 Nev Cons 22 21
4309 Penna It It 55V4 84 Vi
113 Pa Salt. M 0V 0
55 Phlla Co . 40 40
(I doempfd 4tV4 42V4
1143 Phlla Klec 33 32T4
80(11 P 11 T't c 30 204
20 llep 1 A. S B
237 Beading 01 00V4
1150 Ton Bel . 4m 4Vi
B33 Ton Mill .
450 fnlon Trae 444 44
431 fn O Illlll 89 88
7440 V M Steel 103 I00V6 100V4 2
05 W N Y A.
Pa 10 10
145 War I & S OVi OVi
25 WmCinmp 75 74 . 74 4
00 York lly pf 37 37 37 V4
A3 IVa
28 1
87V4 V4
20 I
41", 1V
18 V4
18Vi
80 1
7SV4 V4
21 I
42Vi
25 Vi
21 I
ti 1
01 ...
40
42 4 Vi
31 ...
29 1
BB
00i 214
4ft ft
A
44V1 V4
88 1
10 2
OVi Vi
Close.
0(1' i 0AV4
103 Vi 103Vi
83T4
87 Vi
65 V4
I10NDS
Hlffh Low,
XIB00 Am fins A.
Eleo 5s. 96
2000 City 4s '17 I03V1
1000 nice & P
Tr 4s . .. 83
7000 KenTiacA.
T 6b . . 88
1000 Interstate
Ujs 4s 53V4
10000 Lehigh Ynl
cons 4'as
2003 ..101V4 101V4 101V4
10000 I, T rets
1 i: 4s 87 87
1000 Leh V 1st
fis .. 94 91
1000 Penna Co
gen 4'2S 103 103-1
74100 Phlla Elec
5s .. ..100 100
74100 do now
5s vv I .102 102 Vi l2Vi
16000 Beading gu
4s . 00 OS
6000 do Tor 5s 113 113
1000 Un Rwys t
c 4s ... 73 73
83
88
81V4
87
04
el
chso.
'ft
1V4
1
103 Vi
106
OB
113
'4
73
V4
LOCAL MINING STOCKS
TONOPAH STOCKS
nid
MncNnmara 00
Mldua 17
Mlzpnh Extension 11
Montnna . JO
Northern Mar 14
Itescuo Kula . r. ... 27
COLDFIELD STOCKS
iiiue null nt
Month ns
I omlilnntlon Krnrtlon 04
DlnmondHrlil II II 04
Daisy 01
Oro ill
Snud Kn ... 04
Hilt or Pick . 18
MISCELLANEOUS
Arizona United . . SO
Netndt Hill . .. .20
'iecopa Mining 16
Asked
.10
.no
I New York Bdnd Sales j
Jinnn Alnskn (3ld cv 0. Sr A 72
lwiiii rner cjoi Ull fis . titf
iiiiiiiMi Anslo-h'renrh G
11000 Amur For see 0s..
liiiiooii Amor Tel rm
17000 do cv 4 'an
Ilium Anur Writ l'ap 6s
"(inn Armour Co 4V4s
IhiMIO Atihlson koii 4s
Ilium ilo nil J 4s
5000 Atlan Co Line 4Vas
27(100 Halt & Ohlu 3V.S .
lsiioii .in r,i
IMMIll do 4s
Low 3 n nl
"HJ7
J
Il7
llll'i
HIV
87
114'.
VV
Kll4
114
114'.
urns
014
III!
HUT.
liu'a
.1)71
Km'.
Iij'a
IO11
no'.
no",
iiiiijs
.1!l-4
li'lh
.
112
7JU
8'
114
0(),
nio
111014 ioo(:
711 7(1
100'a 100 J,
101-B 1111
''4
MP
kin.
Oil,
J.8V,
K'.
S4)t
UK
ltd'a
101
111
lllll
III
J3J.
II2V4
KlJVa 111.
"(Hi 711
11 s.
li.
BANK CLEARINGS
Bank ckarlnaa today compiured with corrt
apondlnK day laat two years:
1917 1010, 1015.
Philadelphia. IST.lSn, 750 IST.47B.i2 122 468.872
Now Yorlt... 767.081.812 480.J82.801 278.64S.B88
Ilalllmoio . 18.251 266 0.814.898 8.628 947
Boston 87,057,258 80.679,289 28,231,677
Chicago Phone Company to Expand
CHICAGO, Feb. 2. The stockholders of
th Chlcstw Teip
avnaMCl maotlag on
No Change in Sugar Prices
NEW YORK, Feb. 2. Fine granulated
sugar remained unchanged today at 6.75c.
The last sale of spot Cuban raws was at
4.80a unchanged.
Champion Copper I'ayg $6.40 a Share
BOSTONy Feb. 2. The directors of the
Champion. Copper Company have declared
a dividend ot $6.40 a share, making $93.60'
since February 21, 1915, when payments J
were resumed. The previous payment of
$6.40 was made on December 4, 1016,
Beet Sugar Declares Extra
NEW YORK, Feb, 2. The American Beet
Sugar Company declared an extra dividend
of $12 a share on the common stock. The
regular rate on the common was raised
from 16 to $8 a share and the regular quar
terly dividend ot f 1,50 on tlio .preferred was
also declared.
lOlnilil do rv AU
1 1 IMLO V LK&WV 4s
611110 Ileth Steel 1st Ss .
20(111 Hrnden Copper Cs
OJIKid Urkn Itp Tr 6s 1U18
r.lllill Hush Term 5s
1100(1 Can Govt "is 10 11
1 1 K HI ,1a 0s 1S2II
120011 do 5s mil
lllOIIII Cal Gas a Eleo la
soon Cent Leather 1st 6a
Wioo Cent Pac 1st 4s .
li 0(10 Chill Copper 7
J.IOlKl Ches & Ohio cv 4VtS
0(100 do 4'4s . .
JlfiOOO do conv fis
711000 Chi & Alton 3s
211(1(1 Chi Ot West 4s
410(10 Chi It & Q Joint 4
r.nnn Chi M tr St v Bin 4s
llioiio do rfd 4U ..
21000 do conv r,s
70110 do cv 4'js .
31(100 Chi II I A ! rfd 4
70011 do Bs .
1HOUII Clev Sh Line Vis
4(100 Col Industrial rs
JOO00 Col & South 4'm
mono flu of Purls lis
I -'Mill Con tins conv (Is
12110(1 I'orn Prod ris 10JI.
4000 Den & Rio Gr rfil 8a
MH.0 do 5s
loiiod Detroit I'nlted 4Vaa
1 400(1 !! Secur Corp 0s .
2000 Du Pont Powder 4'as
(illlll) Dul & Iron ItmiKe ns
4000 Krlo conv 4s 8er A
2000 cien CleL deb Ga
nuoo liavanu nice 6a
loon llud (- Man In 6a .
1000 do rfd 5s
1000 III Steel deb 4Vas
laiiou Indiana Steel 5s
2J000 Interb Met 4U .
3000(1 Interb II T ref 0s
1011000 Inter Mer Mar Bs .
5000 Internl Paper s
1000 Inter Asr 5s
1000 K C Ft H & St 4a
1000 Kan City So ha
, 1(100 Klnsn Co Kiev 4m
(10(111 Lacka Steel 5s 1923
iiiiiii ao ns juoi) . .
100(1 Laclede Oas rfd 5a
2000 I.h Sh deb 4a 1028 .
5000 I.lg i. M T 6s .
1000 Lorlllnrd 5h . . .
KIOO Lou li Naeh gen 8a .
1000 do 4a
llilllO Jin Pet Co 6a 8er A
1000 do Bs Ser C
1000 Milwaukee Oda 4s .
2000 Minn & St L 4a .
1000 do 6a
1 JOO0 Mo Pso W L 5a 1023
72O0O Mo Pao 4a w I . . . .
17000 Montana Power 6s .
1000 Nat Tllbii 5n ..
0H000 N V C It II Ba
1000 N Y City 4s 1057.
KIOO do 4a 1050 ....
11(100 do 4'ts 10R0 .
2(1000 do !';. 11)4(1. .
61)011 do 4Vs Nov 1057
12000 N Y N II ( II III .
28000 N Y Ont & W 1st 4a
1B00O N Y nwy adj 6a ,
2000 N Y Tel Ken 4 Via ,
N0OO Norf A West 4a
50001) Nor Pao prior 4s
111000 Pao Tel hs . .
17(101) Pao Cla 5a , , ...
1000 Penna 4a 1048.
11000 do Ken ct 4',ja .
Kino do en 4(4s .
40(10 Pub Serv N J 5
111000 Heading- Ken 4a
170(1(1 Ilepub Cuba 5a 1001
171100 Hrp Ir & H 6a
1000 Itlo Gr Ic W lat 4a
1000 Ht I. I M & 8 Ken 5a
61000 St I. A 8 F ajt 0a
II 1000 do Ken 8a ...
llfllinn do 4a Per A
02000 do 5a Ser B
nono Ht L Swn 1st 4a
140011 Seaboard A L adj 5a
10000 South Pac cv 4a
15000 do rfd 4a .. .
70001) South Pao cv 6a
8S000 South Itwy gen 4a
3000 do con Ba. .
2(100 Texaa Co cv 6
8000 Third Ave udj 6a , ,
1000 Toklo 5s
2000 To! Bt L A VV 4a
13000 Utah Lt A Pow Bs
1000 II H H 1 II III
800(1 II S nubher .
32HMi u B oivei I urn ... .1004
noon Union Pao lat 4a,,,,, 0S
50fl() do cv 4s.,,...,,.., 04U
noon d rfd 4a i4
15000 tin Hwys f 4a ..80
8000 U K of O B A 1 Ss,., 97'i
n'lOOl) do Btia 1919 , OAK
137000 do BHa 1021 OOU
4(1000 Va Cur Vhm lat Ba..looi
iiiiiii va uwya na ... lou
nil'a
OJ
Hil'a
llll
1IIV
S7'
114
ll.-i'J
Sll4
114
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Illlll-.
"1i?
nil'a
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101 4
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lmiia
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87
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tin
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fit
mi
121
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4?4
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110)4 IUI'4
103 101
(12 'A o,-,
1(111 Kill
04 04
2d4 2 14
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0J'4 0JV4
lll."4
71)
IIRV4
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ii n m
me.;
101'4 im Va Kil'a
OJ 02 02
71la 71W 7IV4
SDH Mt Wli,
8V fi", R5
101 101 llll
11 II', in
102. Iti2 102V.
finl. flil& fiaiK
.102V, 101,4 KljU
ini'.n mm 101
Jl.li llS'i
113VJ
117
lllll
ion
H3,
r.o
no
Oli'i
imvl
100
102
10IIU
101',
101
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1113
101!
IMS
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imli
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101'J
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1135a
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losI iot louH
1034 1II3"J. 10S!
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1011 lOlltS lllllU
112'! nj'j 112
iihH
HOK
sst;
HI
li)V4
"I.
J 180
100
LIVE. STOCK QUOTATIONS
CHICACJO. Feb . IlOflS Hecelpt. 18,000
head Market 10fP16o bljuer, llUed and
butchers. U1.85W1190J good heavy, 811650
rn Bvy iii.oovii.mii iigni. ail. sa
ra 10.40 B 10 03l bulk. tll.OeZll TK
LW Racelpta, 15,00(1 bend. llark.t
SirvlMi, . J..V", .I.WW
M.7i10;
11 9 Or rpuah
rfll.75lrpU5i
CATTL-
12 101cowa and h.ir,,r.
lwt-s ami fjjhke. 8tl 5048.IM),
I SSSJfli. !.
lUB.Itm
MM U.nn.lBn.F a. .h I
- -wfJ""l . "" M.78V10 4V UM
rmr 4t, -arm ei I Tli rilP
ftffiff- mmiigB&z-BZtiZ
1", mi
1IK, lh?,
Kill 110
lojtr 102JI 1
1154 7IH 71V4
112H 112ti 112
III) (HV, 08'A
811 81'$ MV
711'4 70(4 7DU
01V4 (I2J (IS'l
8I1 R" "H
II2T 1US lioi?
10214 Kit' 102S
76 74I 74
102i K)2 lt)o
10t4 101s lni,
7() 70 in
77a 77 77!.
bo not: no"
107 1117 107
102 1112 102
lim'.fc innu
184. IIKCi
MOVEMENTS OF STOCKS IN NEW YORK -
ARE FOLLOWED ON LOCAL EXCPIANGE
Keystone Telephone to Extend Vjoting Trust for Five
Years, Dating From February 1 National
Properties Merger Details
RA00O Vab-1' T lat ct. f p 4a. 84
IZlimi weal r.ieciric oa...
20000 Weal lid lat 4a ,.,
100H Weat Union 4Hs.
15000 VVheallnc A L K 4a.
84 Va
oi5
75 U
410
80Vi
1141
1I3U
311
117
mi'.
011
nio
loo
.33',
102V,
76VJ
!l
HUM
With the uncertainty ot the International
situation no one In tho Street expected that
stocks would show any Impiovement In the
trading on 'Change today, and therefore
no one was disappointed when tho general
movement continued lo be on a scale down
ward Losses, as was the case 'yesterday,
wero brought about principally becauso of
the Irregularity displayed In Wall street
during the day, tho movement hero being
sjmpathetie
For a brief period the changes In prices
wero Inclined t be to a Bllghtiy higher
range, but In tho afternoon when renewed
selling took place In New York, forcing
prices downward, the pamo course wns fol
lowed here Most of the trading In local
Issues wns done in Philadelphia Itapld
Transit trust ceitlflcntes At ono tlmo tho
price was off more than a point, but somo
of this was recovered' Union Traction
showed a loss of nearlv a point, while the
low mntk on Dlectilo Slorngo Battery was
1 lt below the final of jestcrday Tho weak
est stock on the list was Cramp Shipbuild
ing, which wns off 4 points
Tho voting trust for the common stock
nf the Kej stone Telephone Compmy Is to
bo extended for live jears, dating from
Februniv 1 The voting trust, which was
dated February 2. 1914 exphed estcrday
nnd, nccordlnglv, the voting trust certifi
cates were stricken from the regular list
of the Philadelphia Stock Ifxchangc today.
Tho company had planned to have the
new agreement effective with the expiration
of Hie old, but theio wero some delajs, duo
I
principally to the fact that all ot tho voting dated companies
trustees were not In the city to place their
signatures on tho ngrccment. Tho majority
of the $5,000,000. common biock win bei
deposited under the agreement. The trustees'
will remain the same.
While no official announcement has been
made regarding the merger of National
Properties Company, the National Oas,
Dlectrle and Power Company nnd tho Jer
sey Central Traction Company, under the
nnmo of tho National Utilities Company,
It Is understood thnt tho consolidation will
be effective ns of March 1. The National
Utilities will acquire all of tho common
stock of tho three companies.
Tho mew company will Issuo $3,000,000
bIx per cent cumulative preferred stock,
$4,000,000 common stock and $2,600,000
three-year six per cent notes, secured by
tho purchased properties. The authorized
capital of tho company, which Is to bo
Incorporated under the laws of Delaware,
is to bo $10,000,000 preferred stock, the
same amount In common stock and $2,600,
000 of the thrcc-.vear notes. The net earn
ings of all subsidiary companies In the
year ended December 31, 1916, were. Na
tlonnl Properties Company, $1,119,193; Nn.
tlonal Oas, niectrlo Light and Power Com
pany, approximately $210,000; Jersey Cen
tral Traction and electric light fijetom,
$44,333; total, $1,373,527 Van Horn Dly,
piosident of the Nntlonnl Properties Com
pany, nnd the American Hallways Com
pany, a subsldlaiy, Is to continue In net ho
charge or mo operations oi tno consoll-
WHEAT IS AWAITING
WASHINGTON ANSWER
Trading Restricted, With Prices
Irregular Market Ends
Nervous
( IlirW.O. Tel). 2. Tho western weather
foreriint Indicates fair and. continued cold
lodn, unit tomorrow fair with slonly rlamg
temperatures. ,
CHICAGO Feb. 2. Trade In wheat was
lestrlctcd today pending further develop
ments In the crisis In the relations between
the United States and Get many The tone
of the maihet was Irregular nnd the feeling
at the end was nervous
New crop deliveries, after scoring a de.
elded Impiovement ns tho lesult of a sensa
tional situation west ot tho Missouri nivcr,
sold off from tho top ufider a renewal ot
the liquidation, but closed above yesterday's
final prices. It has been extremely cold In
the section of tho belt mentioned, with high
winds, and It Is believed that poorly seeded
crops in much of that area will suffer
gieatly.
Although May got above yesterday's doe
at one tlmo it was undr pressuro and
finished weaker, but above tho bottom
The high on May was $1 64 ',2, tho low
$1.59T. and the close $161 to $1.6034,
compared with $1 63U. vesterday's last
price. July, nfter selling as low ns S1.41V4.
moved up to $1.45, closin'g at $1.43:V8(i(
$143'B, against $1.41 at tho end yes
terday September, after touching $1 32,
or '40 below yesterday's close, moved up
to $1 35, closing at $1 33?st?$l 33V
Tho Modern Miller said that there is de
ficiency of moisture In virtually tho cntlro
Kansas wheat territory, creating an un
favorable condition There are only isolated
cases wheftj the camlnation of tho roots
show the same to be dried up. There Is no
snow covering throughout the major portion
of tho w Intel wheat belt, with temperatures
as low at 10 degrees below zero.
Uxports of wheat and flour from the
United States for the week were 6,603.276
bushels, against 10,567,676 bushels a year
ngo, since July 1 they amount to 220,439,
446 bushels, compared with 256,323,303
bushels in the previous season. Exports
fiom Argentina for tho week were 1,721,000
bushels; the visible supply there is 5,300,000
bushels.
I ending futures ranged ns follows:
Wheat
Open. Illsh Low Close.
May 1 03 1 04-4 1 B0'4 1 01
July . 1.43'4 1 4', 1.44V4 1 431
Sept 1 32Va 1 31 1 32 1.33
corn tnew ueinerv
COTTON DROPS FAR
AFTER BETTER START
Prices Go Off 45 to 59 Points
After Call 'Change .to Re
main Open
cotton nELT vvnvrnnn conditions.
MOT lOmt. Feb. 2. Mneh colder
weather wan reported In the southern part
or tne lotion licit tins morning
There wns .0.! Inch of preclpltntlnn nt
.on men ut j
Inch at Jac
nriit .Ull Inch lit Mnenn
AiigiiMlni .18 Inch nt riiurlestnnt 44
acksonviuei l.ut incne nt jtnomaa-
117'fc
tin1.
52
52Va
May
Jim
Oats
May .
Jul)
t.ara
May . 10 12
July . 10 17
Itlba
May . 14.06
July..
Pork
May.. 28 00
Julv . 27 70
Bid. tAaked
ORU
07U
16 30
10 40
11 2(1
15 30
18 71
!8 45
B'4
B5'4
62'a
51S4
oot.
00
r2'4
61'a
in on
10 17
14 no
15 22
28 00
27.70
10 17
10 32
tl.f 12
15 25
2R 27
28 07
Tes
ctoso
1 0.34
1 41
132-4
07
00
52 Vi
62a
10 02
16 17
14 02
15 07
28 17
27 75
Financial Briefs
1I4U
111
an
s7
not.
iioS
10(11 J
1110
83U
1022
on
BOH
Sears, Koebuck & Co. sales In January
were $13,183,812, an increase of $3,633,561,
or 38 per cent.
The gross revenues of the Commonwealth
Power, Hallway and Light Company for
tho year ended December 31. totaled $16,
962,006, an Increase of $2,372,483 as com
pared with the previous year. The net In
come was $2,651,742 or $356,155 greater.
The stockholders of tho City Insurance
Company of Pennsylvania will meet March
26 in Pittsburgh to vote upon proposed In
crease In capital from $200,000 to $500,000.
The Central Indiana Gas Company re
ports gross earnings for the calendar year
191G of $962,465, net $269,576 and a bal
ance, after charges, of $150,876,
The American Milling Company reports
for the quarter ended November 30 net
earnings of $226,394', which Is at the rate
of 10V4 per cent per annum on the pre
ferred Btoclc, ns compared with actual earn
ings for the previous year of 4i per cent
on this Issue.
Net earnings of $16,544,636 have beeen
reported by Uje Republic Iron and Steel
Company for tho year 1916, an Increase
of $11,105,038 over tho previous year. Bal
ance on hand after payments was $13,039,.
163, a gain ot $10,710,844.
The Curtlss Securities Company, of New
York, has certified at Albany that it has
Increased its capital 'from $10,000,000 to
$15,000,000,
The New York Subtreasury lost $351,000
to tho banks on Thursday, reducing the
cash net gain since Friday to $4,036,000
The annual meeting of the Mackay Com
panies will be held In Boston on Febru
ary 16.
DurJn?.. l?5,ceim,ber ""y-nlne, railroads
earned $81,631,471 and expended $58 964.
273, The netA revenues totaled were '$2'.
577,201, as compared with $23,738,901 "for
December, 1915. or
BAR SILVER '
'l aat 1B1T
N , Today, Tes. Frl. High. Low
London (ponce) . s7, 87',, 87., , i. St'
New Tor (ecnta) 78V 70Vi 70V 77 ?Ji
January Failures Below Last Year
NEW YORK. Feb. 2. There were 1558
failures reported to Bradstreet's for Janu
ary, an increase pf is per cent over De
cember, and the largest recorded since
March, but l3.i pir cent 1cm than January
a year ago and 14 per cent smaller than
January, -1915. The HaWlUls avmounted to
:,,?, M ItWtvtU fef U B)t,pt (WaT
Solvay Pays Special Dividend
SYRACUSE. Feb. 2 The Solvay Com
pany declared regular quarterly dividend of
2 per cent and an extra dividend of 3
per cent, payable February 20 lo stock of
record February 6. Also a special dividend
of 20 per cent, payable April 16 to stock of
record Marph 1 Stockholders will vote on
Increase of capital from $10,000,000 n
$20,000,000 February 27, Ot the Increased
capital $2,000,000 Is to be offered to share,
holders on the basis of 20 per cent of hold
ings March 2, .
NEW YORK BUTTER AND EGGS
loWKbJSSrfi oT.'b... ltfE?$5!&&
nnd
Inch
lllle.
NEW YORK, Feb. 2 Tlio opening ot '
the cotton market was much more orderly
than on Thursday and the tome held ftirly
steady during the call. March showed an
advance of 15 points, whllo May, the first
price for which was 12 points up, declined
16 points and showed a net drop of 4
points on the call. Other months were un
changed to six points off.
Liverpool was a largo buyer of virtually
all positions, but nil other Interests oper
ated on both sides of the market. After
the call a wave of selling came In which,
more than filled a good demand from up
town operators and forced prices down
more than H cent per pound In the first
nfteon minutes, March showlnga drop of
59 points from tho opening, May 17 points
and July 40 points.
Within ten minutes after the end of th
call tho market suffered a severe brea".
prices declining rapidly 45 to 59 points aft
tho Initial lovels, with the selling genera.
There .was evidence of nervousness all
around, but a decision of the board of m:
agers to keep the exchange open, which
was reached at a meeting held before the
opening, was favorably commented upon all
around.
Liverpool reported declines at tho tlmo of
the start here of 27 points
Trading was much less actlvo late in le
morning, but the tone was unsettled and
fluctuations irregular. May contracts to
ward midday were around 14.82, or about
22 points net lower.
Yes closo Open 11 a m. 12 m 1, n
March 15 III) 15 10 14 78 14 75 Is. I
May 15 111 16 20 14 92 14 011 t .f
July 16 17 16 09 14 R'l 14 03 I .7
October . . 14 04 14 52 14 33 14 41 14 8
December.... 14 41 14 05
bpot 14 75
Liverpool Cotton
LIVERPOOL, Feb. 2 Spot cotton was
quiet today and prices were 70 points
lower on tho basis of 10.33d for mid-upland
Tho sales aggregated 7000 bales, including
6000 bales American. Tho Imports weie
7000 bales, all American. The market foi
futures closed quiet at a net decline of 45 (k
50 points.
GERMAN THREAT "BLUFF,"
IS LONDON TRADERS' VIEW
American Securities Are Flat, With
Prices Nominal Trading Is
Not Brisk
LONDON. Feb. 2 American securities
on the stock exchange were flat today at
prices were nominal. Other departmer
were steady to firm. Ttadlng was not
brisk.
Germany's naval threats had no effect
They were regarded as largely a "bluff '
Sentiment ) the gilt-edged section was
cheerful and prices wero higher Tliero
was good buying of the six per cent c .
chequer bonds.
Home rails hardened again on the latest
dividend announcements. Canadians wero
flabby nrid low er In sympathy with Yankees
Light realizing occurred In Argentine lines
Mexican roads were strong on rumors of
an understanding between the United
States nnd the de facto Government. For
eigners were slow.
The Treasury made a further announce
ment with regard to the sale abroad of
foreign securities, not required for ex
change purposes, to the effect that their
export would not bo allowed unless the
sale had been effected previously to tho
issuance of tho notice.
Atchlaon
Canadian Pacific
ciie & Ohio . ....;;
Bt , Paur . . : : :
Brie
Brie lat nfd , ......
Illinois Central . ... !
I,ouls & Naah
N Y Central ....
I'ennaihanla
Heading
houthern Pacific ...
Union Paclllo
U S Steel ..;.".
Increase Decrease,
London N.Y
12J30 p.m. equlv,
..mi? JU.
. ..noli
. . (13
..:S$
i
..101
.. U7'.i
. . HR
..143(4
..110
no
81
41)
J
4'.
100 .,,.
-8$ y
NEW YORK COFFEE MARKET
NEW YORK, Feb. 2. The coffee market
vfas more settled at the opening this morn
ing, although trading was oulet. Fimt nrlcea
V were 2 points lower, with sales about 2500
I IinCR ln fVln nnanlnir Anil
ra- - vy.ttmta -UI(
Today'.,
opening
January 8 SO 8 80
. . u .........
March
April ,,,
May ,,,,,
Jutra ,.,,,
July .....
Auguat ...
Heptembcr
October .,
November
December
Bid.
8 40O8 41
8 SO-
s'rJo'tW B5,
s'l'doaii
b'i'i iifi is
8 80O8 82
Yesterday's
cloae.
R K0W8 88
8 37fS 38
N 4'JN 44
H.4SW8 I.)
8 B3f8 14
8 57O8 50
, 8 02(!lSf3
8 (17 8 6S
8 72 ITS 8 73
8.75 8 7
8 7908 80
8,8208 83
RAILROAD EARNINGS
NEW Y0BK. NEW HAVKN AND HABTFOHD
December groaa ,,,
Net . .. ...,,
Total Income . , .
all month.' groaa,.
Net
Total Income
loin
(8 702.182
1.78H 8511
'.' 688,540
41,043,120
jz.uin.iiut
14.435.S07
Increaao
$784,028
823,281
044.231)
4 I'.'ll r.14
077,787
1.423.111)1
BT. LOUIS AND SAN FltANCISCO
December srose.7, ,..,,, $4,7R4,oea 1435,328
Nt-t 1.448.608 " 1 AMI
BIx months' groaa.,,,,., 8,708,014 4782.271
Nat ,. 8,801.695 1,471,888
Ship Co. Pays on Back Dividends
MONTREAL, Feb. 2,,-r-blreftora of the
Canadd Steamship Line declared a dividend
of 7 POT CMt on the Drefarred stock, on
1
1
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