WfT ""! X.H y, -?. hm 'V mcp - T . ' IC rv.v ' : , I . I- $ w fc. i" t . -- 4. '' V 1M " 4 vv- ,V-"V L' , WlWX: JifS ..t S. '."j. -1 s-saa-a-MsaaaaaMBMass. Suppose you buy 100 Shares of Stock ' 1 if Otfht become! of your . . . I order after you give It to "EET 'iT1. Q D tou realise tht roup TJX 'rr! ' " order ton throuih mora S, J- thn 100 operation! before It 2 ' KvtfnA m rvmnlfil tritnia ctlonT Tr It is an Intercstfnpr' process 'with several elementary stsps that you should know. "The Course of an Order" Is the title of a booklet that tells in an interesting way the course of your order to buy or sell stock front the time you rivc it until it is executed. Send for it. 'Ask for S25-T. U. JONES & BAKER STOCK BROKERS Widencr Bldg., Philadelphia Bell. Wal. 1000-1. Key., Pare i:t0. New York Ilnston Chicago I'lttsburih Direct rrlralf irirei J0.VJ5S 4 BAKER, Widrntr BUta.. FMIaMtMa. Fa. Tou may nd m your booklet entitled "Tba Couno ot an Order," &23.T. U. Xoffta ...,......... JLddr$$ f .T . CUV Slats Sound Reasons Why Hooven Automatic Typewriter shares novo offered at $9 com bine safety of principal with Creat possibilities of f large in come yield and enhancement of market values , 1. Order greater than capacity. 2. Monopoly throughout the world. 3. Reliable estimates show 559o probable earnings. Prospects of early dividends excellent! 4. No watered stock, how capi talization permits hish market values for shares. 5. Strong directorate and clean management. 6. Highest awards. In constant use by greatest concerns. Field unlimited. 7. No bonds or preferred stock. Shares full paid and non assessable. Writ for further information BERGMANN & CARAHER 66 Broadway : : New York 304 Lafayette Bldg., Philadelphia Boston Clilcaco New York rittsbursli A New Form of Investment is provided by the New French Industrial Credit, maturing July 16, 1918. An investment in this credit will yield a liberal in come, witp possibilities for an appreciation in value. Hereto fore credits of this type have been available only to banks and institutions, but now participa tions may be obtained, in desired amounts, by individual investors as well. A complete description of this unusual form of investment sent on request for Circular No. 25-E. William P. Bonbriglit & Co., lac. MORRIS WISTAR STROUD, Jr. Manacer 437 Chestnut St., Philadelphia Jhw York llostou Detroit London I'arls Wm. P. Uonbrleht A Co. Uonbrlsht 4. Co. Tax Exempt in Pennsylvania Free of Normal Federal Incomo Tax West Penn Powerto. First Mortgage Gold -5s Due March 1, 1946 Net 'arnlnta of the company for th year 1018 were equal to threo times Interest requirement. A. B. Leach & Co. . IIS South Fourth Street Ci?? Y,rlc , CWeaeo IIufTalo VSoton . Iondon. En. Baltimore rEVENING JLEDqER-PHlUADEDPHiAr THURSDAY, FEBRUARY 8 ,1917 YvilIS!sg,31t-.r M FINANCIAL ,NfiWS MOST OF BUSINESS IN STOCKS DONE g&. BY SMALL TRADERS AND PRICES SAG ? , Few Large Orders Are Executed, and Room Traders Shift Hjsfc, From Bull to Bear Side Display of Strength , in Canadian Pacific "r High Points in Today's Financial News Movements of prices on New York Stock Exchange irregular. Grain market nervous; cotton ended lower. War stocks lower on Curb. Bar silver advanced again, to a new Ugh for f7m year. Union Pacific declared extra dividend of one-half of 1 per cent on common stock. ' NEW YOniC, Feb. 8. Market movements nil tlirouuli the day wore Irregular, with ah uncertnln tone provalllns In neatly nil tho Important Issues, ami the general result after frcnucnt rallies nnd declines was tho establishment of tho majority of stocks at a moderately lower rnnge. Tho business consisted nlmost wholly of opera tions on both sides of tho market by tho smaller class of commission houso cus tomers, few larpo orders betne executed, with tho room traders at times making demonstrations, shifting from tho bull to tho bear sldo. An Important featuro ot tho trading was tho display of strength In Cana dian Pacific, which ndvanced to 102tj, n gain of moro than 3 joints from yes terday's closing price. Ilecent selling w.ts attributed partly to expected divi dend reduction and partly to a belief that tlermany. was belling a largo part of lis holdings. Statements wero mndo by tho largest (lennan house that no sales of German-owned stock nro now being mado becauso tho certificates are not good deliveries, tho Kngllsh Government having directed that dividends on those shares be deposited with the Bank of 3tontrc.il. Some of tho ar-ordor stocks, Including American Locomotive, made brisk advances In tho early trading, but theso weio moro than lost before tho end ot tho first hour. The shipping stocks were directly Influenced by tho submarlno activities, with Atlantic, Gulf nnd West Indies dropping moro than 4 points to 90, and Marino ptcferred sold off sharpl , lut had an equally brisk rally in tho later trading. A now development was noted In the foreign exchange market, bankers being out of tho market as buyers of demand bills and checks because ot uncertainty of sailings, making mails unreliable. Union Pacific responded to tho declaration ot tho extra dividend of U to 1 per cent, vtlth an ndvnnco of 2 points on buying by Kuhn, I.oeb & Co. Stiength was shown In ninny Issues of tho bond market, but fractional gains In some ot tho railway Issues wero offset by tho level at which foiclgn bond3 sold. Anglo-French 5s wero traded In on a fairly largo scale from OHa to Ol'Ji and United Kingdom Cs ot 1021 sold at B5V4 and 958. WAR-ORDER STOCKS ARE IN SUPPLY AT CONCESSIONS ON NEW YORK CURB NEW YORK, Feb. 8. Nearly nil tho war-order stocks which made vigorous advances on tho Cuib jestcrday wero In supply at concessions today. Marlln Arms, nftcr selling nt 100 yesterday, sold down to 90 during the forenoon, and Mldvalo Steel was offered In largo olume. declining from M'A to CS'j. At times there was a lack ot demand for this stock nnd it had to be offered at substantial concessions to .find a buyer. Submarine nlso sold off, with trading at 25'$ to 25, nnd fractional losses -nero sustained In stocks like North American Pulp. Aetna Explosives dtopped from 6si to C. American Writing Taper was exceptionally stiong, advancing from 4 V3 to GW. Mining stocks wero Irregular, with P.ig I.edgo moving up from 4-ii to 6, with tho buying based on advices Indicating that tho company has opened up an enormous high-grado ore body. Magma, nftcr Its advance to CO yesterday, opened nt 4'J and dropped to 4G. Ccrro do Pasco ranged from 37 to 37&. Appli cation was made to list this stock on tho New York Stock Exchange. Oil stocks were Inegular and the Standard Oil issues wero generally weak. In tho independent oil stocks a good deal of attention was do toted to Amer ican Ventura, wlsich wa3 traded In at 25 cents to 2S cents. Sinclair dropped from 53?i to 5 Hi. IMU'bTltlAI.fl KM. Aetna i:xp!oslvei Ain-llrlt Mfg Am Marconi "'. Amcr Writ Paper 5 Canadian Car Co 53 Can Car & Fry pref .... r.o Canra Steel u Charcoal Iron "1 Clierolot Motors 9.1 o Yr rloe As'rfoil tS.iK 0U 1-J i 5 ft 'l 3 8 in Cramp Shipbuilding C'urtiss Acropluno 5- Umcrson Phonograph ... IOVj Federal Dycstiiff 40 Haskell & Barker Car .. su Hendco Mfg ,... !M Kathodlon Bronze pref . 314 I,ako Torpedo Doat H,i Laurel Oil & Oas 5 Lima Locomotive now . . SO Maxim Munitions 3i Mldalu Steel RzyH New York Shipbuilding. 3oy Otis L'leator SI Peerless Motors II Poole i: & M 73 Scrlpps-Dooth -!o B S Krcsgo w I 1 J Stand Motors "i St Joseph Lead IK'.i Steel Alloys Hi Submarlno '.'3 Triangle Film 7 2 Todd Shipyards 77 United Sugar 33 United Alloy Steel 43 United Motors 3SJ4 World Film Wright-Martin Aircraft. 13'.4 Zlnu Concentrating .... 3l ItAII.KOADS Rock Island com 31 do A prof st do B prof ...., C9 Western Pacific w 1 .... so do pref 50 Wabash Pittsburgh .... so uo pref so 73 13 8 '10.! SI) S3 11 10 S'J Hi 1i 0 3'.i S37!i 37 ',i 03 17 00 13 Vi 13 110 25 j 03 31 41 S9 1 13 1 3 IK SO 7" S3 63 23 ISli a S3 ioi 40 "A 10 en DC"', J lift SSTi 2 8071 13 son ia-Vi 394 IMF.I'HMi:iT0. STOCKS Continued) Yc. i lose. Illinois .... Ohio Prairie Plpo S ( of Cal S O of N .1 S O of .N Y 8TAMIAKII OIL STOCKS! 230 ...233 ...303 ...303 ...S'J 3 ...700 ...330 4(10 308 400 710 393 703 SS0 JNIIWKNIIIJNT OIL STOCKS narnett Oil & Gas m si Cosden Oil & Oas HVi llli Cordcn & Co 14 l.'.'i 13 15'4 Illd. AsWl. (HalM Federal Oil 4T4 ft 6V4 Inter Petrol 1174 13 li Houston Oil nvi 20 Merrltt Oil I5',i l.Vl ljiji Midwest 87 00 70 F.oal Dutch 00V4 61V4 CO-! Kcquojah ljl li)i i4 Sapulpa Itcf u 1)14 9V4 Sinclair Oil S3 05'., 03'i JII.VIXG STOCKS Alaska Standard y4 V Vi Atlanta 14 IS 14 UlgLedg 40i 5 0 Blsbco Cop (a prosp)... "Ji l Butte Copper & Zinc 0 10 10 Butte NY Hi 1M, .. Calumet & Jerome ljj l(J 1?', Cer.-o do Pasco 37 38 38 Consolidated Arizona ... 3ri 2,& 2 Dundee Arizona. l)i ii .. Kmma Consol j l"!M i,, First National SJi 3 Florence Goldfleld 22 20 Clobo Dominion H ' Goldfleld Cons 00 71 88 Goldfleld Merger "8 11 HH Green Mor.rtcr 1 V4 1)V lf Hecla Mining 714 7'i 7 Howe Souml Ci 7 .. Independence Lead .... 1.1 17 .. Jim Butler 73 70 74 Jumbo Extension 30 31 SO . Kerr Lake 4 4 .. Kewanas 1.1 17 13 Mother Lode 39 41 41 McKlnley-Darragh so S3 Magma Copper 47 49 47 '.4 Mines Co of Ameiica ... 3 S',i .. Nevada Wonder 2 2 U . . Nlplsslng 7Ji 8 Hay Hercules 4 4', 4i San Toy It 10 1.1 Seneca Cop 14 141A 14VH Tonopah Extension 3, S'i 3JJ Weot End Con 04 07 BONDS Cudahy C3 09K 091. .. Cerro do Pasco Cs 110 113 Cosden Oil Cs 1034 I01V3 17'3 Cosden & Co new Cs ..103 Mi 10714 lU3tj French Munlc Cs 0.1 03(4 0.1ft Mldvala Steet Ss 00 07 DO Russian G?n U06 .. do 5-j 87 88 Sinclair Oil Cs 194 lto Todd Shipyard Cs 100 101 Western Pacific new Ds. . 88 80ft 89V4 Ch Mil & St Paul 4',js. 5 DSft 0SU U S Hub new Cs 91 03 DSJi srgciAr, MEKTIKOH J- amen of riDKLiTV ikikt ( 336 CbWtnut t.-. rtalladalnhla ' 'I . J&numrjr t. luiT. ,iwivhr " ... ...m. vuivny will t Oh offlc of tb Company, Szs cneit- wuik. cii uia twvoireizniii day , nt 12 o'clock ro . to take action al OF CilaaDoraval of a nntnfl.. to capital itok of tha. Company Irad (tvO) dollara eacb, or four 1 dollar, to fifty thouaand ma par ituui 01 ono nunareq vr bt uiuioi w.vyv.ww p 4 taa Board of niraetor. Secretary- 5T ilar Hd pmCTfrr AocoyyTAMwi (in tlji I rMli IjjimtiBli YS. . ! 'M NEW YORK COFFEE MARKET NEW YOIHv, Feb. 8. Tho market for coffe futures today opened steady and un changed to an advance of 1 Joint. Trading on1 the call was quite active, sales amount ing to about 9000 bags. Ftbruarjr . March ... April May ..... Juno July Auiull ... Hepumbsr October .. November ljecemlier, , jnnuary .. illd. Tcdaya opening. I slioos.io ,'. 82&(f8.!4 .' B.SS08.S9 ,'. 8.4008.40 Tst. clom;. B0UWS.11 B.11WH.1U H.IHWM.'JII 8 S-JMM33 8.S3Q8.3II .:.'.' M.31WH.33 N.S1Q8.3.", 8.3HQH.8U S.I'iUK.II b.49t H.4308.4T fS.Dl Look for Bigger Steel Tonnage NIW YOrtlC, Feb. 8. Those who usu ally make estimates of tho probablo. show ing to be made by the United States Steel Corporation In Its monthly tonnage state ment say that guesses on the report- to be made on Saturday giving the unfilled or ders on the books as of January 31 last are difficult. Interests who In the past have been close to the actual showings, generally, after consideration ot ojl-'the factors,, are' looking for an Increase In the orders of approximately 500,009 tons. Others are looking for even a larger jtaln and esti mates might, be said to be ranging from c6p,000 to 700,000 tons Increase for Janu ary. The difference Is caused by the al lowances being" made for the effect ot the railroad congestion and car shortage. RAILROAD EARNINGS LOUISVILLE AND NASHVILLrj HUT. Increase, roiirth week January.. '.8."I5 r'Hai From January 1 83.701,270 r,.434,884 TEXAS AND PACIFIC Fourth week January.. Ijl?.;92. From January 1 l.TUj.loj DUI.UTU. SOUTH 8H0RD AND ATLANTIC New York Stock Sales !WI Hlth. Low. Closa Net chire, Adams Ex ...123V4 12 1'Stt AJax Ilubbor .... 70 Alaska uold M... 7 Alaska Juneau ,., o;s Allls.Chalmcrs Co. 50 do pref ., 83 Am Agr Chem ... 83 Am Beet Sugar . . 07V4 Am uan 4 at co co 1 0'A 0 V 0 o S3rft 2314 8H4 83 5 83U 8JJ4 li 03 07 42 43U 1!4 do pref il07V4 107'i 17',4 "A Am Car & I'dy Co 03 03 03 1 Am Hide & L do pref . , Am Ice See . Am Linseed do pref ,, Am Loco . , . Am Malt ... Am Smelting IS 01V4 2SV4 17 4914 71 7Vft 08V4 do pref A. . .,.. 08 Am Steel Fdry .. fll Am Sugar . Am Tel & Tel... .125 Am Tobacco 211 do pref new ...107 Am Wool 47 Am Writ Pnp pref 45 Am Zinc & Lead.. 30 Anaconda .... AS30 Oil Atchison do pref . . . At Coast Lino. At Culf & W I do pref 01 Bald Loco Co .... MVi do prof . Bait & Ohio Beth Steel 3U0 do pf class B wl.121 do rights 23 Brook P. T r.o fc Hush Term 100 Uutlo & Sup Cop.. 43'i Cal Petroleum . . Cal Pet pfd .... Canada Pacific Central Leather . Chandler Motors. Chcs & Ohio . . . Chi Great Westn 13 03 S1H 10 48 03 U 1 00 08 on 13 1 03 2T4 23 ',4 10 48 i 70 Mi 7ft .4 004 1 08 Vi 00 100V4 loo4 100V4 V 124 131 1 312ti 214 2 107 1 404 1U 43 IVi 30 1 7 4 54 W 7U4 V4 101 107 40 44 14 33 74 7114 101 0 71V4 102 . 00 00 ODli Mi 11014 11014 110V4 2',i 04 00 01 3V4 fit ftS 1 r. n 03 100 100!,,-10(!(. -f 75 73 7.1 3B0 300 10 120Mi l!0!i 7 23 S3 3 (IS G8 1 li 100 1011 23 03 15314 140 81 81 071-4 58 lt Chi (It West pref. 31 Chi M & St P, Chi & Northwest. Chi H I ft Pac... do hts dp Chill Copper . . Chlno Con Cop . Col Fuel i Iron . Col (las & i:iec . rd ft South 1st pf 53 .184 . 1 .110 . S3 Mi . 11 20 Ml . 27 . ft3 . 20 . 30 . 1214 , 30 .103-' ..lOOMl 10J . 80 . 60!ft . 83 li .118! . 31T4 . 41 .101 101 30 83 12 2 Consol 45as Con In Cal Mln. font Can pref. .. Cent Insur Co . , Corn Products .. do pref Crucible Steel . . . do pref Cuba Am Sugar . Cuba Cane Sugar do pref ao Del and Hudson . .140 Denver ft KG pfd. 25 Domo Mines Distilling Secur .. Drlggs-Scabury .. Frle do 1st pref Fed M ft S Gaston Williams... Gen Lice Co General Motors. . do pref Goodrich B K. ... Granby Mining.. Ot Nor pref fit Nor Oro subs. Greene Can Cop. Illinois Cent .... Int Agr pref .... 37 Inspiration Cop... 03 Inter-Cons Coip... 13 do pref 01 Int Harv N J 114 lnt Harv Corp .. 81 Int Mer Marine.. 23 do pref 03 Intcrnat Taper... 41 do pref 100 Int Nickel 43 Kansas City South 21 Kcnnecott Copper. 44 Lack Steel 77 L II ft W pref.... 41 Lehigh Valley ... 73 Llg & M Tob Co. 205 Long Island .... 40 Loose-WUcs Biscuit Co 1st pref .. 80 Lorlllard P 220 Mackay Cos 87 Max Motors 81 do 1st pref 07 May Dept Stores.. CO Mex Petrol 80 Miami Con Cop . . 37 Minn & St L new. 24 M S P & S St M..1U8 Mo Kan ft Tex ... 7 Mo Pac ctfs 10 do w 1 28 Mont Power 08 Nat Cloak ft Suit. 79 Nat Lnam & Stpd 30 do pref 0.1 National Lead ..58 Nat H H of Mex 44 41?i 22 22 I 83 ft J 1 1.11 3 83 1 07 07 1 87 ft7 11 11 34 34 1 70 70 18',i 110 4 1 25 25 1 231i 231i 31 21 ftl 52 430h 42 38 30 ft.1 5.1 1 134 174 1B 18 110 110 4-1 ftft ft.1 20 20 101 101 101 07 03 0.1 111 111 Hl 103 10.1 103 5 40 8(1 110 23 2014 22 53 44 40 3S 80 143 23 20 2(1 5.1 23 30 13 30 38 89 14.1 25 20 SO 85 2 50 12 30 101 103 104 89 89 61 55 83 8.1 113 112 31 43 3 1 1 ' 1 1 2 Mi 2 31 43 1 101 1 30 6314 12 14 113 113 80 80 2U 02 - - -1 -3 30 07 41 21 43', 73',j 41 73 2(13 40 80 32(1 87 50 07 CO 80 30 21 100 108 7 7 2iy, c 39 2 08 3 43 21 43 1 75 1 41 73 203 4 40 8014 1 20 1 87 61 07 00 1 87 Vi 30 1 24 "d pref Nev Con Cop . New York Cent. N YN II & H.. N Y Ont & W.. Norf ft West... do pref North Pao 4 . 33 . 01 . 40 . 23 .138 . 87 .103 102 10 27 07 70 20 93 61 4 23 93 30 23 127 87 10 27 08 70 29 93 1 61 3 Mi Ohio Gas 90 Owens Bot Paclflo Mall .... Penn It It Peo Gas ft Co... Pere Mara pref.. Pitts Coal ctfs... Pitts Steel pref.. Pressed Stl Car. Pullman Pal Car. Quicksilver Hy Steel Sprg... Hay Con Cop..,. Heading Hep Ir" ft Steel. U8" 21 51 ,101 , 70- 40 03 98 31 TJ4 101 70 43 4 23 93 40 23 127 14 87 102 00 08 ..... 31 51 101 70 43 100 100 100 70Mj 70Ml 70 1 100 100 160 40 25 01 77 40 33 80 73 40 1 25 80 74Mi 1 do pref 101 101 101 Seaboard A L ... 15 do pref 34 Shattuck Ariz 23 Sloss.Sheff S II,. 00 South Pacific 03 Southern H It.... 27 do pref 03 Studebaker 103 Stutz Motors..,., so Tenn Cop ft Ch w I 15 Texas & Pacific... 15 Texas Co 208 December sroai .. Net ...., Burplui Six months' tom Net Surplui 1300.007 11,142 2,014, H47 0211,783 47.000 127,773 n.ain 88.180 43,800 53,1193 10.201 High Mark for Steel Prices NBW YORK,,"1 Feb. 8-rAn advance of -JS oanta'PM- 184) pounds in the quotatlonof hrtMl- plte hts sept tba, sewage price ot fct 14M jMl preaueM ta new reeora ' H 176.17 Pr CUBA HAILROAD Decemlxr Broni 51W2. Net 02.m Deficit ..i-.J0' Mix monthi' gron .... 8,175,170 Net 083.078 Surplus 440,100 t rene junouETTB Fourth week January.. 1533.047. From July 1 13,005.314 ILLINOIS CENTRAL January iron 10,630.883 YAZOO AND MISSISSIPPI VALLE January sroka J1.370.3S1 :0.370 Decrcaa. 14.033 1U.V-M7 203.S0U 0.11,877 138.50.1 208,074 18.220 1,480,978 4875,713 15 31 23 58 03 27 03 100 48 14 15 203 38 01 41 15 34 25 80 V, 03 27 03 101 I 60 1 13 13 200 3 38 1 52 41 1 Bank of England Surplus Larger LONDON, Feb. 8. -The weekly state ment of. the Bank 6f England follows: Total reserve 35,819,000, Increase 128,000 ; circulation 39,515,000, decrease 56,000; bullion 56,924,000, Increase 250,000; other securities 38,579,000, Increase 2,852,000; other. deposits 226,469,00,0, Increase' 57, 692,000; public deposits 42,262,000, 'de crease 2,502,000; Oovernmont securities 212,193,000, Increase 62,023,000, The pro portion of the bank's reserve to liabilities is now 13.30 per cent, against 16,60 per cent last -week and comparts with an ad vance from-23 pen, cent to 24 Pr cent In this week: last year.' , The , clearings through the London banks for, the week were 4M,10.000, agalnat J3,M,M.kut i.o tin im -" "uoilM I Third Ave H It.... 38 Tobacco Prod 62 Transue & Will... 41 Union Pacific ....133 133 131 1 United Cigar Strs. 00 93 OS United DTUg 71 70 70 1 do 2d pfd 00 00 00 ..,.. United Fruit 138 137 137 United Hy Invest. 0 0 0 U S Undl Alcohol. 15 121 133 U S Ind Alcohol pf 08 08 oa U S nubber 84 68 63 2 U S Smelt ft Ilet. . 60 60 60 1 US Steel 100 104 104 1 do 'pref 117 117 117 Utah Copper ....108 100 100 1 Utah Sec Corp ... 21 Va Car Chem ... 37 do pref 110 Wabash 13 do pf A 48 do pf B 33 Wells-Fargo Ex .,100 West Md 23 do pfd ........ 40 West Union Tel.., 04 Westlnghouse, Mfg 62 Woolworth ...,i,148 Wheel ft L E ctfs. 10 White Motors . ... 40 Wlllya-Overland.. 83 do pfd ........ 04 Wilson Co 00 New York Bond Saleo tilth. 127000 Amer Asr deb 8 7000 Amer Cot Oil fit.. 4 t-nilM ,.l..tVaMSll fi . 2000 Atncr 11IJ .! 0a..lns 3000 Am rortlzn Hco auoo Amer Tel cii 1 113000 Amer "fei na KOfltl Amer M'rlt 1'aD 6S,, lsooo Armour Co 4!i .lnoU 100 . I'5! 05 . Ill 111 Ins Inn a 6a,,. 11 tlji tn a.;.. ...Olji ,1'lVi ....... lwil. loo Loir. 8 P.m. )y iu"2" ftS i'a J 03, i'ninio Atcnlaon ecn 4a . loon do c 4 IOJ11... 1000 do tv 0 1017... 6000 Allan Co Lino 4Via 1 11(111 rln lit 411. . t .. ... . 4000 Allan Knox ft Cln 4a. 88; 7II0U Halt A Olilo 3Via.... IMS 44B00 do 6a I0IM1 33(1(10 do 4a V2U 1U0OO flnrv4Via ......... IMli :ooo nftu r !., iv v ia. m lilt 113 V. 84 ln-1 .Kin' luiijt vay ii.tvi 1111 413 03., 13(100 llrnJen Copper 0i 1110(10 liroorf Itao Tr.Bj t'.V 6a 1018. nil'. Infill llnfth Tprnl lUdff 6a.. HI noon Can llovt fn 10J .... Oil 3.10011 do f.a 1B.U 051 60011 Ont Leather lat 6a ..lot II00O Chill Copper 7 j2li! 34(100 Chea k (llilo 6ai,,,..10ll 41000 do CV 5 ..., !o S000 Chi Ot.Weat 4a,.,,,. Tlji 30000 Chi II & Q joint 4i,,. WM 600(1 do ren 4a 04 inon ,ii 4a flit OH iilino O -M Si Kt I' Ecn 4a.,, V3U 60110 do 4a 1D2.1 ........ II t 10011 do rf'l 4'i .011. lOOUII do CV 6 10314 1II1IJ4 JO-lVi 1450(1 do CV 4',4a ....... go tij 09 10000 Chi It I & V rfil 4a.. 76'4 7.1 7.i 7IHIH do 4a N8 JH M 2.100 Chlneen rcla 6 73 73 7J 1000'Col Industrial 6a..... 70,, 70,, ill soon Col & South lat 4s... 1.814 o.Tj H. IS 10NO00 City ot l'arla a I.l Vi 03 6(100 Con (las cv Ha ISO, l-'ii 120 10OO Cumberland Tel ... uii'i Ijio', jjw4 11000 Del & llud conv 5s ..K).ll lllJVj 1 1' rooo do rt.l 4 H7t H7" 17 Hooo Dtn ft Wo Or rfd 5a.. (1(1 , (II 0 4IIIIH li.lrnll IMIann lit 6a 10.',U lOliS, 101f,4 .JIHI'A J ilu ' a ly'i'l 88'. 03 ooS 1121s II I U Kh no's Iio'i lcis lot KMll lnii no 71U 1)4 i vn . 03 i MS'. Oil . JI5J. II 1U 101,, 118 lllf ImiVi o"., U34 114 103,, low VI 03S u:ij 881 tl llll'i. II2 litis mi's no's lintt IIS! 101 12.-.'i l(i "".. ill WW IH 03U tit' 711 .10(1 . 23 . 02 . IIS . M'.i . OS . Ol'j . Il'.f r.n,,n li.irrtlf (Ian r.fl. B8O00 Dla Secur Cori 0s .. SHOO (len El ccdeb 5s ... 3IHIII Hud & Man In. ,5s... r.OlllI III Kleol deb 41s a . . 27(1(1(1 111 Central rfd 4a ,, U100O do 4s 1053 IHUinil Interli Met 41s a ... 71000 Inter 11 T rcf 3.... 13(ion Inter .Mer Mar (la... 411(10 Internl Paper 6a ... 10000 Inter Paper Cs .... lliorin Jipnnese 41a a ynooo KC Ft S i M4i.,, 811(10 Kan City So 6s noon Kan City 'fer lat 4s, 7000 Larka Meet 6s 1023. innnn rln n 1050 oikki l.ncieno naa isi its. . .lui'-i jnivi 3000O LK fh deli 4s 1011... 01 111' noon l.ch Val of N Y 41ja.HH lot 1(10(1 LIB ft M T f.a 1(1.' 103., 141100 do 7s 137's 12,'ji IMIliil Mlrh Cent .llta H3'4 82W IKIlliI M Ht V H H M 4a 113 03 :inrxi Mo I'ac W I. 6a 1033. Iih'i iih's 3VKIO Mo l'ae 4s w 1 l.ll (I.Vs . n 7(1 ntn-i iniH i'.Ts 23V ffitj OS !l- 8S'i ll'l 87'i i;i !lli 8S'i nn looli 1 oil's inn's N7J ici "l' 71i 7U 7(1 87)s 87 87., f.7t 87'.i 87 101 llll. 101., O.i's n.i's I"'s 14 Hit J"-'.. 137 1.2',. H3 111' nl' 07'), 1(13 101 117 U!IJ i N V Tel Ben 4 a !IN OS lis I Norf & West cvt 414a. 13114 l-'0 12C i do 4s 115 Ml 'I 115 U i Xor Tjc prior 4s.. .. Ml M3'i li.1 . . .... .. . K, a .. , .,&' lltiL OlkZ r, inn inn inn 4a...... lo.l'i 10.'. ln.1'4 1031 101 l(i(i liio'i luette 6s... 0.1 01 03 . mils . 8i . 113 100 . 8(1 llll' .73 .1113 .11114 .10.1 . iim: .11X1 IKI'4 85 Jdnil do 6a w 1 11711 117 6(100 N V Air llrakn cvt 0s.lo.1Vs linv 71100(1 NYC 6 It Us 10S 107 100(1 d'i I'an ........ H7 07 r.nni v v rM,v .1 In.-.n ii'i: nfiiL 1(1(1(1 do I'.B 1D00 1)3 103 102 . ...... .! , l Va.. lll.Y 1?? 111? 111? ,llir ,1.. "."in ,,uv ,1'U........ .... .... 2000 N V Lurka & W (Is.. 10(1 Inn's H'll'i r.oon n y n il 4 il cv 3Vse no no ri 30(1(1 do Cs 102 102 102 '(!J(I N V Kwv ret 4 OS 117 (17 4IHIII do nddjd 6s 3S .IS 3S 2100(1 N V Tel Ben 4 a 08 OS lis. niion 13000 1000 Oro Hwv & N con 4s. . 113 01 03 loon 1'aclllo Tel 5i....,...l(lii J on., inn. 2000 l'enna .en 4 lonno do 4 Via 1 NMinn T. r MnrntipttA looo llcpub Cuba r.s loot.. mo 00 tm't aiimi lien lr & H ns 100 ino'i iin t.000 bt li 8 v In. 5s.... no. . no., nn. 43(10(1 do 4s Ser A 1500 do 5s Ser II ... . 70110 ftcinoard A I, adj 6s. 3000 South Hell 5s.. ,... 75000 South 1'an cv 4n..,. ooimio South l'ao cv 6s . . 17000 South ltwy ncn 4a... 17non do ron 5s 3000 Texas &-Poe 1st 5s.. 12000 Texas Co cv Ob...., IOOO Third Ave adj 6a.... 2111x1 in I'Uci una ns. 100(1 IT .4 Govt 3s 2.I110011 ir H Hubbrr (is., isnoo V H Steel a t 5s isooo Union l'ao 1st 4s 6000 do cv 4s , anon do rfd 4a .innn I'n Tturtn S 1 4s 444000 U K of O II & I 6s '18 lists IK, (mil do 5s 1010 new.... 1)8 27000 do 5 a 1010 05 22000 do 6s 07'A 41O0O do 5 102t II51i 2000 Va Car Chm 1st 6s... 101 2000 do Os 100 SOOI) Va Jlwjs 5s 08 12000 Wilson Co (is 102 40(10 West Klec cv 5s.. ..101 3000 West Md 1st 4s 74 4000 West Shore ree 4a . . 02 112 1011 ISII 85 112'i 11X1 lllll'i 111(1 73 73 lOlL, 101 101 101 101 , joi IIH-J lirt-4 lllll 1IIII ..100 100 10(1 .lii.n li'-44 in-r 1(1.1 105), 10.'.tn . 117 07 07 0214 024 112 111". 111 IIS 08 1)5 fir. 03 101 1011 0S liU J"'.. 74 02 111 ni 111 IIS IIS', (l.-.'s mi's 11114 101 100 OS', 102 101 74 03 MONEY-LENDING IUTES NT"W YORK The money market Is un changed ns to rates or conditions from tha higher level established yesterday. Demand Is reported fair and there Is no Buggeiitlon of reluctance on tho part ot the larger In stitution to part with funds on reasonable terms. Virtually no distinction is drawn by lenders between mixed Industrial and col lateral. Itates are quoted at 4 rj 4 ,i per cent for ninety days to six months. rrlme bank acceptances appear somewhat nominal at unchanged figures of 3 3 per cent for ellglbles and 403U per cent for inellgibles. Prime mercantile paper retains tho spotty appearance mentioned on Wednesday and le dull. Itates are nominal at 44ai per cent. Call money opened today at 2 per cent for lending and rcnewinu. rillLAnci.rill.V Call, 3 per cent Time, 2 a U' 4 3 per cent. Commercial, three to six months, 3'iQii per cent. FOREIGN EXCHANGE NEW YORK, Feb. 8, In tho mid-afternoon tho market for foreign exchange was as dull as previously, but somo Irregularity In quotations developed. Tho strength In Italian exchange which had been a recent feature, following tho abnormal break In that exchange, abruptly disappeared and lire fell from 7.0S to 7.23. On Tho other hand, Teutonic exchange still on nominal transac tions, recovered to 70, and Vienna kronen wefe steady at 11.10. There was somewhat moro Inquiry for Dutch exchange which might have some connection with the cable advices of the closing of tho Dutch ports. Guilder cables wero quoted at 40 11-16 plus 1-10, and checks at 40 plus 1-IC. Ilubles gave evi dence of support, cables rising to 29.15, while checks wero quoted at 28.80. Sterling nnd francs were steady at unchanged fig ures. Karllcr quotations were: Demand sterling 4.75, sixty-day cables 4.70 7-16, sixty-day bills nominally 4.7214, ninety-day bills 4.701i. Itelclismarks cables 69, checks 69 . Frana cables S,83, checks 5,84, I.Ira cables 7.12, checks 7.13. Swiss cables 4.99, checks 5.01. Vienna cables 11.07, checks 11.03, Stockholm cables 29.58, checks 29.48. Peseta cables 21.38, checks 21.25. Guilder cables 40, checks 40 11-16, Itubles cables 29,00, checks 28.90, STOCKS QUIET IN PHILADELPHIA; PRICE MOVEMENTS AKU IKKUGUL'AI 1 1 Lake Superior Corporation Is Most Active of Local Issued "Wav Clouds" nave jno ivaverse jnecc on Iron and Steel Trade u '!,: Home stocks, ns well as arbitrage Issues, wero quiet In the trading on tho Phila delphia Stock Kxchango today. There wero no wide changes In prices nnd tho move ments wero Irregular. In no stock did tho turnover mount very large, nnd of tho local Issues I.ako Superior Corporation was the most nctUe. This stock, after "PenlnB unchanged at 17, declined a point and then recovered tho loss beforo noon. Lehigh Valley Trnnslt issues, which were prominent In the trading- yesterday because of tho good advances scored, were quiet, today. During tho morning tho preferred did not come out on tho tnno nnd tho com mon was unchanged at 26. Regarding tho proposed merger of electric powct proper ties In eastern Pennsylvania, It was under stood today that details will be mado known within a few days. Proposals have been mado to Interests In control of various of tho properties, but In a number of cases they have not been accepted, The bulk ot tho business was In United States Hleel common, nnd tho Btock pur sued tho same courso hero ns taken In Wall street. It opened lower, then sold above tho final of yesterday and later sold oft mhmIh fi ,. C1.Ik1...IMI ... usrtiii. X.1WH14, uiuiiuuiiuing Gecllnerl I "War clouds have brought no adVi effect on tho Iron and steel lndusin, a.P tho last week," says tho Iron Trade Resil? Tari -f tin r-nnfrnrv IIiav V.n..n .at . I'. isa sim wasaaj . iiuin niuniiiaiaj . ,-l tlvltlcs In some directions, much of 1iIa,1 has been concerned, directly or Indirect!? 1 with Government requirements, ti,. ": 1 ernment looms up as a largo buyer sttj tlmo when Iron nnd steel plants hava tWI output closely sold up for many month, iz need, depending on their extent, probsW cannot bo satisfied without some cona.'. spondlng adjustments of business no booked to nllow tho most expedlous nuZ'i faction of the most essential requIrerflenttJ "At tho moment there Is no clea.. ..Ti, pect of the Immediate effect of the wee!?! fl ucli.....t,... ,.w.. ... ..b uiiori move," ment In Iron and steel. Shlpplne. air...? backward, has been retarded further rv. 3 fldcnce is felt, however, that methods h a J t..u aarttl lis .tmilnA.1 l..i at . . aai men ui ... uu ucviatu uy mo jsntntal Powers within n reasonable period to keep '3 Ulituriiit:" Mj'iicviaui uiu oieuuy nOW tOl Lhirono of finished munitions, shell steel sF forglngs, nnd other nll-cssentlal milium? 1 products of the American works." f $M - Sales in Philadelphia Net clice. 51 54 07 20 1014 14 S3 f 73i 14 so 4314 Vi 64 6714 64 14 Vh 0.1 38 33!4 2914 S3 00 : 0 41 SH Vs 14 Id iy HlKh. Iiw. Clnse. II Am Gas ..11914 11014 11014 0 Con Trac N' J .... 73Ji 73!'i 73)4 C Catawlssa 1st pref. 64 61 4 do 2d pf 61 61 1(1 G Asph pf. 07 7 33 Ins CoNA 20 2(1 830 I.k Sup C. 17 10 SO I.ch Nov.. 83 8114 2.10 l.ch Valley 74 7314 7.7 I.ch Val Tr 20 20 10 do pref. 4514 4.114 4 I.lt SchUJ'l 64 51 69 Mlnchlll .. B714 714 1300 l'enna II It B4V4 51 B Pa Salt M 0.1 05 110 Phlla Co.. 3014 3S 638 Phlla Klec. 33 33 677 P II T t c 30V4 29 14 Phlla Trac 83 83 370 P.cadlng .. 01 00 890 Ton ltel .. 4!4 4 100 Ton Mln.. 0 0 150 Un Trao ..44 41 300 Un G Imp. 8814 88 7000 V S Steel. .100 iota, lolli 114 60 War I & S Oli 014 914 200 W Jer & S 62 63 53 30 Wm Cramp 73 73 73 - JIONI'" Net High. Low. Close, chite. 13300 Am Gas & Kleo 5s. 0054 0014 0Gi 1000 Choctaw Cons 6s. 0714 0714 0714 Hi 0000 Elec & Peo Tr 4s .. 83-J4 83'', 83 7000 Interstata Itwys 4s. BSVi B5V4 55W A 5000 Key Tel lBt Us 08V4 0814 0814 U S00O I.k Sup Ino 5s 62 63 52 Vi 20000 Lehigh Val cons 4 14 s 2003 ....10114 101 101 Vi 2000 I.eh Val Tr 1st 5s . . 04 0394 0371 Vi 1000 Penna Co gen 4 ',48.102 103!i 103 4000 Phlla Co cons Cs.. 00 00 00 S9000 Phlla Klec now Saw 1. 102 i 101i 101 0000 P.eadlng gn 4s 05 OI!i 1000 do Tcr 53U3 113 1000 Spanish- Am I 63.102 103 6000 Un Itwys t c 4s ... 73)i 73 73 4000 do Inv 5s. 70V4 70 70 6000 W N Y & I'a gen 4s 87 87 87 COTTON IS UNSETTLED! AFTER SHARP DECLINE Offerings Increase on Rumpf oV. Address of President, Caus ing Lower Prices 01 113 102 DIVIDENDS DECLARED Arms Tea Company, regular quarterly of 11.73 per share on the first preferred stock, pay able March 1 as rcfflstereu February 17. Dooks closo February 17 and reopen March 3. Klles-Uement-ronil Company, regular Quar terly at lis per cent on tho preferred nnd 3 per cent on the common. The preferred Is raa hle February 20 to stock of ricord February N. and tho common March 20 to stock of record JJnrch 7. I'rntt & Whitney Company, usual Quarterly of 11a per cent on tho preferred stock, pajablo February 20 Houtturn racWo Railroad Company, reeular quarterly of 1'4 per cent, payable April 3 to atork of rt-toril February 2H, United Clear Stores, reeular quarterly of in; per cent on the preferred stock, payable March 15 to stock of record February 2M. Delaware and Hound Ilrook llallroad Com- ?any, regular quarterly ot per cent, paiablo 'ebrunry I'll an registered February 0. Buoks open February 20, NEW YORK, Feb. 8. The cotton market was narrow but extremely unsettled In thsS afternoon, with local sentiment favnn.1 sales. New crop contracts ruled relatively 4J steady, selling within 10 points of Juyv3 compared with, n 21-polnt difference yetter.. day, reflecting repurchases In the later : month against old crop liquidation. Thj bjjui iimuiut, i.uiiiiiiui:u iiumiiiai mm QU1L Sim .l lumur iii.il A'rcsiueilt wuson would ff address Congress was followed by Increased fj offerings nround rioon. An unsettled stock w maruet may navo accounteu ror some wall8 street selling, while thero was scatlerhij ' liquidation and local pressure on the de cline, which carried old crop months 14 or. 15 points under last night's close and the new crop 4 or 6 points lower. This made a dccllno of about 23 points from the high point of the morning on May deliveries, t Thero was an Irregular opening In the J cotton market today, March Btartlne at: 15.7Dc, an advance of 29 points, and then'S dropped to lo.coc beforo tho end of the call,' a net gain c-f 10 polnt3, while May was up ; 8 points, July down 1 point, October up 4, points nnd December up 4 points. Thero wero somo fjuylng orders In March for foreign account, and when these werejfl i:ai;lulcu uw um J111.1. ciicii ilia ueiimuu QI'vom mlnlshcd, whllo offerings Increased. Com mission houses and room traders purchased ' tho remainder of the list, with Liverpool -a nnd other foreign selling noted In May and . tho later months. Wall street sold, and a. supply camo from southern Interests. Epot?S houses operated on both sides. y A Tho market turned steadier durlnff the iiuuMie ui nits iiiuiiiiiii, un u imiiec lone i In New Orleans and local covering. Poi-!, slblo Washington ndvlces Indicating that's tho detention of Ambassador Gerard In..; Germany was due to misinformation "wltft 5 reference to tho attltudo of this Govern-,; ment toward German ships relieved ncr-, vousness to somo extent. Buying was by M no means active, however, and while there 1 nro many bullish predictions as to the j course of cotton3 should this country b'"s drawn Into the war, thero Is evidently V much uncertainty as to the Immediate rul ing of prices. Tes. close. March 15.40 May 15 03 July 16.71 October 15.40 December ....15.53 Spot 15 53 11:00 Open. A.M. 16.73 15.44 15.03 10.53 iri.Oii 16.71 15 55 15.54 y 12:00 M. 15.48 15.00 16 89 15.51 l.' Liverpool Cotton LIVERPOOL. Feb. 8. Spot cotton today', points advance, on the basis of 10.53d for 1 m I il.nnln il rPtin enlso nrrrrvrir-"itar1 Cllflrtifl bales, Including 7000 American. The Im ports were 10,000 bales, Including 15,(K American. Tho market for futures closed steady nt a net advance ot 1316 points. No Change in Sugar Prices NEW YORK, Feb. 8. Tho sugar market continues unchanged, with fine granulated quoted at C.iEc and spot raws at 4.89e. JF.OAI. AmTJlTISEMENTS 1,30 KSTATK OF OTTO SCHAKTTLK. llB- -1 censed letters lesiameniary on lafj k... ..int. hnvlnf been cranted to th under. J aimed, nil peraons Indebted to the aald estats vl ..J . bmaI.a A...r.an, anil ,lin a ti.ll.i. "! rlalma to present tho same, without delsy, t v aEKMAN-AMEItlCAN TITLE & TUU3T CO., ' Executor. N. 17 Cor. Broad and Arch ata,. XU1. Or to Its attorney. ,... "?.'lr.. niSi Ml! Pop. Ilroad and rjhUt.i " nut 'at... Pblli. 1 - 100 33 40 04 01 148 10 48 3 ui 014 00 ' 4a 2554 21 21 H 30,, 37 1 110 110 1H, 1H K 4S 25 1AA 1VV 23 Hi 40 V, 04 V, "li 148 , .... io m 48 ly. SIT4 94 04 ao vi Suspend Proposed Treight Rates WASHINGTON, Feb. 8The,Interstat Commerce Commission today suspended, until Awteuefl, tha propoied inoreaM on frelgnt'ratee o aWam irofa.i, iteuy BANK CLEARINGS Hank clearlnga today compared with corre sponding day last two years; 1017. 1010. 1815. Phl!ade!phla.,t00.O3U,227 130,721,210 124,430,032 New York.. 5(10.050,400 441,013,1169 78,830,400 lloaton 30,313.018 30 003.131) 24,3411.551) Chicago... 74,0 If, 603 60,302,231 47,47,220.830 Bank's Creditors to Get 25 Per Cent , riTTSnynail. Feb. 8. Creditors of the Wllllamstown First National Bank of Wll liamstown, W. Va., will be paid an Inltldl dividend of 2S per cent. Since the clos ing of the Institution after the disappear ance of Its cashier, George W, Hunter, only tO per cent of the depositors have proved their claims. I Union Pacific Declares Extra NEW YQ-RIC, Feb. 8. The Union raclfle llallroad Company today declared an, extra dividend ot of 1 per cent and the regular quarterly dividend of 2 per cent on Ui common stock. The regular semi annual dividend of 2 per cent on the pre ferred stock, was declared also. All the dividends are payable April 2 to holders of record March 1. . Nearby Copper Is Scarce NEW YOIHC, Feb. 8. The scarcity of nearby copper and the constantly Increasing demands have been'reflected In the Arming up of quotations for the metal in the second quarter as well as nearer shipments. As high, as 35c per pound has been bid for spot material and the range Is from J Hi to Sic, while offers to pay 3S to 3ta have been reteiyed from users who are after March deliveries. GeW for, South America if IOI "WW, XytlM.,fWtU, JUTrSa --N Investing Money to the Best Advantage Is a Science The total savings accumulated by a pros perous individual or institution are bound to be satisfactory if in investing all losses are avoided, while securities with a profit able return are selected for. investment, j Accuracy of facts and figures, thorough ness of investigation, combined with a con tinuous and energetic search and determi nation to obtain only securities that are well, above the average of their individualclass,. is the basis of our policy, a policy which enables us to be of great service to you. J i . Brooke. Stokes & Co. 200 South 15th St. f NEW YORK PHILADELPHIA BALTIMORE V V ; Httf " ktt.fXaAMMt':M tfta.am v .:' fi. t.t aMaKTam iMaaffaiaKlaAaf mM .irj(iiiiii'l's4p i i ii at i 1 "i(na"i mi mmjpjfi - l, ' imm BVV'.tf' t. Ky.frVr, a. J
Significant historical Pennsylvania newspapers