,& f j ii M ,? (f- t'H m iiiiely c 1- li 1 i o( -V-A sntl dependable Information regarding the securities of the New York Curb Will be found' .by the Investor nmt trader In the Jones & Baker "Weekly News letter. J Jliii Week-" M ' ... me wceKiy ivewi i.euer sontnlns a two-page an. ll)tlcal report on that extremely active ami Inter esting stock of the war group jUtna Explosives presenting all available facts and figure, and outllnlnR its possibilities under present conditions. Send for It. . Ask for 3IS-T.U. l?RnR?U Bi BIFK?T l- JjUtit.9 K UlftHi&IV STOCK I1ROKER9 Widencr Bids., Philadelphia Bell. Wil, New YotU Chicago 1000-11 Key:, Direct rtlvat TVdrt Race 2200. Hoston rittibiircli 30HBS AJTiR. lVttfetier BUa., Phttadatphla, fn. You may send me lha current Issue of tour Weekly News LeUer 743-T.U. JVaiiie ., Atirttt cttu .... Individual Record Book and Synopsis of. Revised Income Tax This booklet Includes: 1. A simplified digest of the law as it affects indi viduals. 2. Pages for the tabulation of income from bonds. 3. Pages for the tabulation of income from stock.' 4. Pages for the tabulation of income from miscel laneous sources. 5. A fac-simile of individ ual lax form 1040. Bent uson rrotiest for Booklet l'E-OO The National City Company 1421 Chestnut St., Philadelphia New York Cblcsfo So rnncltto tie too Ptttsbursti KV ' 5 fc"i VS. j .. .-I J Our Analysis of an investment is ju3t a3 thorough and just as reliable if the company is in Cali fornia or Philadel phia. And our re commendations are based on sound busi ness advantages. Hr I W W H RR-QOKE,STOiq:s & pet m SJ&K H 15thAWlwatSt si , v ' i " sS55r mi ; , Omn Fjnney AUTOMOBILE BANKER! Offer special facilities for In dividuals .or automobile deal ers to finance the acquirement of pleasure cars; and for business Jiouses to finance commercial cars or trucks. If you are thinking of pur chasing a car or any kind for any- purpose the FINNEY SYSTEM will mal.e a better business transaction lor you REAL ESTATE TRUST BUILDING PHILADELPHIA 4 .David Lupton' Sons Co.7Pfd iuunonton (Canada; 5s 1934 Edmonton (Canada) 6s 1921 Philadelphia Elec. Co. 5s, 1966 Georgia Ry. & Pwr. Co. 5s 1962 New Orleans Term'I 4s 1953 Southern Indiana 4s 1951 ffj C4re'are osd Prtc on Application Morris Brothers Co. it 1-S '; Eatabllahatlt 1SOS 1421 Chestnut Street . ANNUAL MEETIN08 "-'' LEHIGH COAL AND NAVIGATION TSnnlfaAiKiB ITA..... at .. 'annum I raeetln of the stockholder! of w JJ tviBion uoravanr will -.w2 K 'VT".l.y"V'"wn' w''J ". r.fcM".'.?."i;.rpPY t Suva.. . unaii.iuuM. r.t : a.' m.. win On Vfbrna.. len and where rtlon-Trrlll ba held for President and Board V S? ." r?rt,w ensuing year. lP4oy' office on and after I'tbuirx IS, Seertttrr. ',wase" er accountants l CmHSiI rukHe .AeeauataaU " L " ' " MOWN CO. C THUST J1U1LDINO A fi Iltul u a ni'MLn LiVir fc " UlBfUTifiU AtUJUNTM. JUS S3J Sir. andj W UMT oE53S jpw-jtwg asjL''.wl 7 , -L41. INNCIAL NEWS - WEAK ACCOUNTS OUT OF MARKET; BIG SHORTS INTEREST CREATED ymwwm New York Stock Sale .,. Hard to Borrow Leading Issues Better Than Flat Gains of From 1 to 3 Points on Accumulation of Orders. Canadian Pacific Responds to Dividend NEW YOnix," Feb. IX The Action of the stoclt market today cave full evidence of the fnct (hat weak Recounts have been thotoushly liquidated and nn overextended shoit inteiest "cteated. Tflls condition hus been Indicated by nilous bontdioom developments for some time- pa3t. It has been hard to borrow" any of the IcuIIiik rallinad stocks at better than flat that Is, without Interest for a long time, and hot-lowing demand for other Issues has become more pronounced dny by day. When buying orders accumulated thin morning, ns a result of the double holiday, brokers found It hard to obtain stocks even at substantial gulns. and nearly all the active Issues In the first few minutes moved up from 1 to 3 points. When the accumulation of buying oirtera wus supplied there was an Interval of dullness, but shortly after noon a buying movement sinited In the railroad stocks, and tTnlon I'aclflc, which became the' most prominent feature, made a gain of more than 3 points, ciosslns 139., , St. I'aul, Now York Centre.! nnd Heading followed with gnlns of about 2 points, Theio was speclnl Interest In Canadian Pacific because of the fad that the company. In the Interval In which the Slock exchange was closed for the holidays, had dcclaicd tho lcgular quarterly dividend of 2 per cent. For muro than a week bear traders had sold Canadian P.vclflc on assertions that the dividend would be reduced. This morning there wa3 some urgent covering, on which the sto!k moved up mote than 2 points to 154'i. United Stales Sleci common rose to 107 today, and Al.trlne preferred mniie a gain of 2?4 points to 60?. Texas Company was one of the stiongest fcatuics, moving up 't to 21SH5. The bond market showed n tinner tone. vltli come of the railway Iwucs making fractional gains. Anglo-French Is weie heavily traded In nt 90' to 90&. a new low, and there was licav trading nUo In United Kingdom two ear notes at 98 vi to 98. reports of new strike make Magma copper active on curb Nrcw YORK, Feb. 13 Theie was little Inteiest shown hi tiading on th Broad Stiect Curb din ing the gi eater part of the day outside of a few stocks Reports of a new strike (n Magma, more important than preceding discoveries of ore bodies on that property, made that stock active and strong, and It advanced on brisk buying from 60. td Bl Vi. Dealings in other Issues were of a listless charactci, with fractional changes after the open.ng. Mldvalo Steel sold at 5tU and 51, and then yielded to B35. The Stundaul Oil issues weie fulrl etiong, with Standaid Oil of New .lcrs,e selling at 085 and 630, and Sland.:id Oil of New Yo.U sold nt 290 and 293. Independent oil kiocki wcio generally quiet, with Co ilen & Co. selling nt IS and 15',4. and Cosdon Oil and Gas sold at 1 ! to 14V Jdlnlns stocks weie generally quiet, with. Big Ledge selling at 5, Calumet and Jciome at 1, Crno de Patco at :', and 39, and Butte Copper and Zinc at 9U and D4- , Itussian 5',-i bonds diopped fiom 8l'j to So. IMX'STHI.ll.S n.i s 4V4 11 0 I0i o so .4 K-Vi 411 .19 31 a ns 3T Aetna nxpluslves Amer-Bnllsli Alfg Am Marconi American Writing Paper Canadian Car Co ...... Can Car & Kdy picf.... Carvv en Steel Chaicoal Iron Chevrolet Motois Cramp Shipbuilding .... Cuittss Acioplane Kmerfon Phonogiaph .. Federal Dycstuff HasUell & Barker Cir... Ucndee Mfg Kathodlon Bronte pref.. Lake Torpedo Bout .... Lauiel Oil & CJas I.lma Locomotive new.. Maxim Munitions Mldvale Steel New York Shipbuilding Otis Elevator Peerless Motors ....... Poole II & M Scrlpps-Booth S S Kresge w 1 Santa Cecilia Santa Cecilia pief Stand Motors St Joseph Lead Steel Alloys Submarine Triangle Film Todd Shipyards United Sugar II S Steamship United Motors "World Film Wright-Martin Alicratt. Zinc Concentrating .'... RAILROAD Rock Island common Rock Island A picf . Itock Island B pref . Western Pacific w 1. Western Pacific pief Wabash Pittsburgh ns 14 80 40 M', 10 fix 6 isy s 2'l IS 3U 4 3 i IS I 34 S4 10 no 32 Sat itoac AtcU (Half! 1't 31 11 inn so 1 iii'i 40 1 t 8 l S'.i 41 3T 1 10 DO 13 1". 3 'A so 41 I IS 35 A II SI 5.1 8i C 5 'A I1,t Ift'.J. r.t 51 S 4 31 84",, fit IS 1 SO 3H 5 i It Hi ISV4 S4 st S3 Wabash Pittsburgh pref 5 STANDARD Oil. STOCKS Illinois 134 140 Ohio -...'.33.1 39.1 Prairie Pipe 300 3 to Stand Oil of California, 39.1 405 Stand Oil of New Jersey. 880 9B Stand Oil of New York 5B0 395 30.1 304 A6S 13 IMIKIM'.MM'.NT Oil Barnott OH ft G.v Cosdeu Oil fc Gas Cosden '& Co ... Federal Oil Inter i'elt oleum Houston Oil Mcrrltt Oil .... Midwest Oklahoma P & Osage .Hominy Royal Dutch . Sequoyah . . . . Sapulpa Itef... Sinclair Bid . . 14H . . I4'!i 4)i -. Illi ...- 18 1ft .'. 94 R M ' Mi, . ; en I iV Vh 54 V4 minim: stocks Alaska Standard M Atlanta 14 Big Ledge 4' Blsbee Copper (prosp).. Butte Topper & Zinc ... ',i Butte NY I V4 Calumet; A Jerome .... 1 Cerio de Pasco 30 Consolidated Arizona .. 2 Dundee Ariz 1 Emma Consol ......... I First National ...... .. S4 Florence Qoldfleld in Globe Dominion Vi Goldfield Cons 82 Goldfield Meiger 1 Green Monster I '4 llecla Mining 7V1 STOCKS Sji clme Aeeil (Kill-) 1i uu ir,u 5 12 I't IS Ik 0! IIS 81 Hi 2"s U'S. 44 II 55 III 5 II 9 All Mi 54")i Independence Lead .... 15 Jim Rutler 14 Jumbo Kxtension 2R Kerr Lake 4 Jk Kewanas 17 McKlnley-Darragh B0 Mother Lode 38 Mliys Co of America .. 2 Nevada Wonder 2 Nlplsslng ... ........... 1w Ray Hercules 4 San Toy .... 14 Seneca Copper ........ 4 ' Tonopah Extension 3 West Knd Con 82 DONOR Ceno de Pasco 6s 114 Cosden Oil 6s 102 Cosden &'Co new 6s.... 105 French Munlc 6s nt Mldvale Steel 5 98 H Russian 6,is ......... 94 Russian 5VaS S.IVk Sinclair Olj 6s 110 Todd Shlpyaid 6s 100 Western Pacific new 6s.. S3 IT S Rubber new 5s 04 i 1'4 1 39V 21 14 Ilk .1 25 K AS Vk l?t. 1 1 18 IS 31 5 in 5.1 40 2!4 ' x 4 'A 16 14 U 4 65 111 104 101 9.1 7 98 S7 5 H '4 I4fc 14 Jl 2,' 1 Hi "u II ii' m 14 31 IS 50 1,i 4i 15 1ST, H .i toH nJ'A llovk 110 101 90 80 Vi 85 Vi 95 BANK PEPOSITS HERE SHOW' BIG REDUCTION Decline 520,522,000 in Week Reserves and Surplus Also Smaller. Loans Gain i The Philadelphia bank statement, giving the condition of the members of the clear ing house for the last week. Issued today, was highly interesting. The most striking change was a reduction of 120,522,000 In Individual deposits. In the previous week there was a gain of 313,942,000. In" the face of this wide change on the downward scale, there was an advance In loans amounting to 32,657,000, making (he flftn successive week to show an Increase In this Item. The sharp fallmg off In deposits can be accounted for In part by the withdrawing of funds for Inovestment In bonds. Over-the-counter business of the bond houses has been good for some time, and business In listed bonds on 'Change has been compaiing very favorably with other periods. Funds due to other banks fell of; 313,325,000. De posits of banks fell 37,915,000. The reduction of deposits also cut into the reserves held, these falling 312,395,000. and tho reserves required declined 3LT45, 000. Surplus showed a loss of 311,150,000. Details follow: ' IVd 12. Dif. prev. w. Ffh 14, 1U17 Dtcrei 19111 Loans ....t.145,52,0O0 Mi.ll57.UOO 4B1.1OX,O0O IJeptl. (Ind.) 480.2AA.OOO 20,572.000 409.1N.1.OOO Circulation. 8,089,000 14,000 10,515,001) Oua fr. Dll. R8,2A4.0O0 12,825,000 1S.18S.000 Dap. of tka. 181.588,001) 7.916,000 17n.NIH.OOn Kt Clear. II. 24.843.000 S.OHl'.OOO 27,833,000 Reav. held. 117.408,000 12,803,000 l09,24'J,0OO near, rend.- 80,001,000 4,145.000 12.144,000 Surplus ... 84,847,000 11.150,000 86,498,000 Mncreaae. Surplua February- 14. 1916. 336.498.ooas Feb ruary 15. 1915. 330.415.000: February 10, 1914,. ,119.600 000; February 10, 1918, 16,832,000; Fab- il 000. ruary 12, 191 BANK CLEARINGS Bank- rlearlnsa today .compared -with corre sponding day last two eara: . rtltlada. ...349.639.050 355.260.804 131. 818.663 Hoeton ..... 88.989,489 '88,719.458 28.040.801 New York.. .420.884.840 322,468,938 328.118,372 Baltimore. .. 8,321.654 7.882.16S O,850.04 artifsr Priet'Uiwhsngtd In New York ltir YORVK'Keb. 13rTh'ugar mar-- insniuijM WMIHW4MI toemy ax .ise-'f6y MONEY-LENDING RATES NEW YORK Tho bank statement of last Saturday, showing a loss in cash of 310. 000,000 more than had been foiecast fiom the known movement of funds, together with the shipments of gojd to Argentina, resulted In a flrlner condition of the time money market. Rates were increased to a fiat 43tVi per cent figure for all periods from 60 days to 6 month'. This applies to good mixed Stock Exchange collateral, The bids aie unaltered from the level of the Ian full business day of last week. Most of the business as heietofore was on all Industrial stock collateral, but the rates were not appreciably different from those on good mixed. Prime bank acceptances aie ulet at 3ft(t3 per cent on eligible and 4i3 ,s per cent on Ineligible!. The lrt mentioned rate shows an advance of :J per cent. The larger financial institutions report that they are not doing anything in prime mercantile paper under 4M jet-cent Call money opened at 2Vi per cent for lending and renewing. rillLADELPJIIA Call, 3',i per cent. Time, 304V4 per cent. Commercial, three to six months; 3Vi4 per cent. LONDON Money, 4 per cent, un changed. Discount rate for three-months bills, 5H Per cent, unchanged. H 8h. l.o Alaska Gold M.,, 1t(, 11', Allls-Chalmers Co 38V 26', Am Agr Cheni... 61 64 do pref . ',., OR') of.-j,, Am Beet Sugar... loo 'Am Can 43 Am C & Fd Co. fl.l Am U & Lcnth p,' ni', Am Ice Sec S.V.& Am Llnsled 11"; do pief ilovi Am Loco IK, Am Smelling. .. ,. 08 do pref A . . . . 3"i do p'flt. 11 fifl Am Slecf Filiy.... no Am Tel & Tel .... l24-')i lit Am Tob.iuo MtVi 31314 Am Wool 48v 4"4 Am Writ Paper if. 43V4 43V4 Am Zinc & Lead 3HV .in df pref fifl r Aiiaionau . . Alrhlsou .. do picf Atlantic O A W I do picf Baldwin 1. 'o .. do pref Balto ft Ohio ... dt) pref Botlilclii.ni Steel . do pf CI Bnl 12! do i Igiiti . ... "I nicokl.vn trT ... rs' Huini Rrns . nil liutte & Suiii Cop 11 Net l'loe rbr.p 1',i V, tn4 4- t4 Sales Ui Philadelphia 114 43 0J OO'ii 24 I"1, 3014 KMi 01U ns'i 63 "'',, IS .10.". 101- !IO',i 03 14 3"'H !', 101 let;, 13"! .131 I'annda Pat' rent Leather Chandler Motois dies & Ohio Chi (It West . ... i"lo pref Chi M & St P. do pref fill & Noithuist. IH'i R41, 1)814 .10 1, IS 31 . . 81 118 , I 18 C li I & V CtfS dp .RV, Chill Copper . . . . 21 Vi Ch'lii) Con Cnppei . .Ifd Cluett-Peabodv . . 1 Col Fuel ft I, -on. . . It Col (ins ft Uleo. .. Ill 14 Con (1 13 L ft P.. lis Consol G.ia li."V Corn Pioducti ... 1y, do pref 101 f'ruc ble Ktel AA Cuban Am Sugar . t5 Cuban Cane Sugar .18 do picf 88 Deere Co picf . . .1)8 Denver ft It (1 pief 25 Distill Secur .... SO' rciec Stor IJ.it. ... 2 llile .. .... SA'', dn 1st picf ... son, Gen Ulcclllc Co. .IA34 General Motois ..Inn do pief 0 Great Noitbem pf.MIN Gt North Oie subs Ht)U Illinois Central loi', lnplratlon Coppei fi.T.k Inteiboi-Con Cor 13 :)3',j o:i .-.3 Vi f.3'. 101 10 1.1', :.oi Ml II l,H 101-14 l.'.i 83 "4 1)8 '4 r,o ii h 3.1 8(1', Its 11714 11 U 1I' 3"ili 10 4314 ii U 113 111 14 lot;. 101 ii.i ir,i .in I SIT, II H 5.1 10T,,, nt in S'l ifi.t'.i 1 ii:. Ml .11 llll .11', l!, 84 14 noli 13 li 0.1 li (II VI I 2314 H I 17 n. .1014 114 II '4 0Ji 4 'H OS 14 !h PA -r a,'. All f ifi Itl-V, 4 Vi 2 I I '.4 4.4 1114 IVj S3 '4 4 C, AA .. 18 -Ui 1113 -Hfk 0014 . .. Dili .' .K.Oi It .It -t 101 ICli 4 r-i 131, li 39 1 113 14 21 I '4 r.3' -1 in mi . f 1 r, 1 l.1l"i S1l I-.)"', 1 11814 4-t'i Mlt, tl 11 IK. 3.1 4- l"i 4 Ri t ' lis i W.'i 14 21Vj 114 1174 4 -V, 5C5, 4 l"!i in 43' Vi HlSh. 7.1 Cam lion 45 in Clilno i'-l ft4i4 III C M ft S 3' .11 V4 10 Krle .. . 104 50 Irs Co .NA 1(1 21 Kv Kro . , 30 ID.V. l.k Sup C 81 10 Leli Nav .8! 2.M Leh Valley 1li .1.1 l.rh Vol Tr pffl 41 3 Lit Srhujl 31 3 Mlnclilll . .1114 .11.1 Penna P. it .1.1 14 Pa Salt Mf 01 3D Plilla Ci. . 3 fill I'hlla Lloc 3J- 1110 PUT tr cfs 1!)1j 1.1 Phlln True 81 10 Rradlng... Ill '6 810 Ton Bel .. 4',4 21.1 Ton Mln. . (,', In t'nlon Tr.ic 4:1 111 r g 1 ... 88 1 I'll Cc'J .l 11.1 3A10 f .' Sleel Mil 14 llll Wtlveiliind 3! in Wnr I ft S !4 11.1 Win Cinmp 18 l.or, 4,1 3414 8H SRSfc 19 11 8i 8i 131a Clo. 41 s KIV4 10 14 10 30 II Net rne. 114 I li 1 40", 113 llll. I - lift ', -111 mi nif, 11;-. Sfi--4 88 1)8 1.1 -- I 1Bs 14 A! I mi; 4 14 3!'!,- 1- 4 1 I A3 14 lor, HO lit rik tot S3 14 V, I 114 1 14 do pref Air, ? i'!i '4 Int Haiv Cnip .. 111-1, 101, 1l)!, 4 I 4 ' Int MerMailne .. 24!,, 13 13 ', t 114 do pier Aiir, 8V4 A') 4 1 Intel nat Piper .. 3014 311, 3!) 4 I do picf OS 1)8 '4 00 11', Int Nickel 4 I '1 4 1 4 1 ',4 1(), Jewell Tea . ... All, A I 01 .... Kan City Couth ..2! 11 1! 4- '.4 Kcnno Copper ... 41 4314 43' 4- 7 Lacka Steel ..... 77 7A'rt 11 ii Lehigh Vnllev ... 7114 731 73', 4 14 Lee Rub & TneC 21 11 11 1 Mackay Cos 8A 8A 8A I Max Motor S'P4 32S. 38 I '4 do 1st pref A7V4 A7 A1 V4 rn, Mex I'etiol Ill) 88Vj 88V4 U Minn ft St 1. new. 1.1 14 II 2.1'a H Mo Kan ft Te ... 8 H 8 Ml. aouil t'ac i-tfs II 10',,, II 4- Mo Pac w I 20T4 1KTh 10i. 4 I'4 Mo Par pr w I .. 84',, 51 .11 Vi Nat Biscuit pfr ,IJ1 111 l!5 Nat Clk & Suit . 81 81 si 4 1 Nat i:nam ft- Sip Si',, 31' 3! 4-l'i National Le.ul . . 34 .'.4 .14 Vi Vev Con Copper. 14 23',i 1314 ' ,V V Cential .... DA fil-l, 1'.1', 2'.u N Y Chi ft St I... 31 31 31 -t 1 N Y H ft- M ... 40'4 38 40 N Y Out ft Wot 13',, 23h, 1314 ' 14 Norf ft West . liOVi U7, 1181, 4- "4 Northern Pacific 10IV4 111314 lot',, 4-1 Ohio Gas 105 lis 10) ', 4 0 Parlfic Mall 22 Vi 12 1214 f 1 14 Penna R it r,44 siVi &ty 4- 14 Peo Gas ft C .... 0! 88Vi on -t 114 Pcr'e Main, w I ... lOVa 28 lVi 4ls Phlla Co 38 '38 .18 -(- 14 P C C fr St L . . . 81 81 81 Plttsbgh Coal ctfs 41114 4114 4.11 4-1 do pref ctfs .. . .Ill III 111 li Piessed Steel Car. 77 70ii 77 14 Pullman Pal Car 16014 lAiili lAnvi 4- 1, Quicksilver 1i 2V4 2V4 '4 Ray Con Copper. , 2514 2.114 2514 14 Reading 03', 01 14 0214 4 114 do 1st pfd 42-'4 41 42-H 4- V4 Rep lr ft Stl 76ai 75,a.4 70 do pfd 101 HUT 10114 4- 14 Rutland R R pfd.. 33 S3 3.1 2 Saxon Motors ... . .12 52 52 6 Seaboard A L ... . 15 15 15 4- 14 do pfd 3314 .13 33 V Sears-Roebuck pf I2AV4 12814 HAVi 14 Shattuck Ariz ... 26a 2A 2A V4 Sloss Shef: St ft lr o An on 4- 14 South Pacific .... 93 9214 03ai 114 South R R 2014 28 18' 4- T4 do ptef A314 62 03 41 Snidebaker 10.114 10s msaj 4-IV4 do pref I01V4 10714 10714 4 Hi Tenn Cop ft C.'h wl I5V4 15 1514 14 Texas ft Pacific . . 1A IA IA 4-1 Texas Company ..21014 21514 1IH54 34 Tobacco Prod .... 54 5114 314 H14 Transue Williams 43 43 43 4 2 Union Pacific ...ISOVi LIS, I38i; f.l 13n Cigar Mfg pr..in.i 100 inn .T,4 Cn Cigar Stores.. 0814 OR', 4 I Cnlted Fiult ...I38V4 138 138V4 4 14 U'n Rwy inceht.. 8.8 I do pief 10V4 1014 1DV4 14 tt S r lr P ft F. Vi 10 10 3 II S Ind Alcohol.. 1 17 V4 114 Vi 115 4- V, IT S Rubber .... 6214 52V4 3214 4 '4 C S Smelt ft Ref,. Ti',4 6A 5AV4 4 I '4 do pief 5014 5014 60T4 V4 V S Steel 107 10.114 10814 114 do pief 11714 HI 1HV4 h t'tah Copper 10714 107 10714 1 Va Car Chem 38 S8V4 38 -r Vi Va lr C ft C 4814 48 4814 4-114 Wabash pr A.... 40 4814 40V4 In do pr B 20 151. 2A (- I Westlngh Mfg.... 6114 61 14 5114 li Wheel ft L K I8V4 1114 1814 1 White Motois.... 48 48 48 4-1 .Willys Overland . 32 Vi 32 3214 14 Willys Overland pr 0814 07 0814 114 Wis Central 4714 47 4714' 2 .Wilson 6IV4 61 .0114 1V4 Exdlvldend American Smelt pref., 1 ?, 1 Pittabursh Steel pref.. 14, 1 Inter. Nickel, IV,. K rlstite New Vork Central. STATE FUNDS INCREASE FOREIQN EXCHANGE NEW TORK, Feb. 13, The foreign ex change market opened dull and with very little feature otherwise. Exceptions were felchsmarks, which sustained a fractional decline to 68 for cables and 6 14 for checks, and on tfie other band firmness in Swiss exchange and 'rubles.) Quotations were: Demand sterling 4.7S 7-H. cables 4,76 7-l;:lxty dy bills 4.72 V. ninety day bills nominally 4,79. Franc cables 5.83 ,, checks 6,84 Vi, Lire cables 7.2614, checks 7.27 VJ. Swiss cables 4.99, checks E. . Vienna cables nominally 11.05, checks 11. Stockholm cables 29.55, checks 29,45, .Pesetas cables 21.25, checks 21.10. - -2H" 'Mttlt' 40' -"y,?.-49-'?' iM ir'SsF WPsWWkw "( tSflPwP ,. yi J ' Philadelphia Banks Are Given De posits Totaling $995,891 HARRISBURQ, Feb! 13. The state ment of the Treasury Department of the amount of general funds of the Common wealth of Pennsylvania shows the total on hand on January 31, exclusive of mon eys appropriated to the sinking fund, to be $3,598,787, as against 33,539,744 December 29, 1916, and 31,399,947 January 1, 1916. Of the total deposits nf 33,598,787, Phila delphia Institutions hold, 3995,891. as against '$961,177 December 29, 1916. The following are the amounts of the general funds on deposit In Philadelphia Institutions: Bank of North America, $100,000; Central National Bank, $100,000: Commercial Trust, $40,000 : Farmers' and Mechanics' National -Bank, $387,124 : North PhlladelDhla Trust. $25,000: PeopIe'sTrust. "$15,000; ntttenhouse Trust, $50,000; Quak er city Rational uinK, sidimik; -inira National Bank, $65,000 ; Tradesmen's Na tional Bank, $50,000; West Philadelphia Bank. $30,000. The amount of sinking funds of the State on deposit January 31, 1917. totals $651,110, of which Philadelphia, Institutions hqld $24,110, distributed' as follows; Ninth National Bank, $10,000; Farmers' and Mechanics' National Bank, $14,110; Insur ance' fund: Farmers' nt. Mechanics' iS'a tlonaj34mJ(tl,04. , .U-1J' ' 4.1 .12 31V4 14- 0.1 3S 3i',4 131', 81 III 414 A 43 81T4 121 too 31 014 10 a I'.IIMIH High Low. .1711(1 Am Gas ft- Lire Bs. iinii DAVi SIMM) IJIrc ft Pen Tr Is. .. 8314 8314 loon ll.irvvood LIt G In.ITi 10314 80110 Key Tel Irt 5s 08"4 1)814 Sunn l.k Slip I lie- f' .11 .11 loon Lehigh Vnl gen Ls rcg on do llinoo L T icts I H f. . 1(i! loi4 Lllon Phil 1 lllec tem f-.- . toil, loll, . loon I'hlla Lice r . . . ion inn 3000 dn new ,'m w I I0ITJ, iinj 601)1 Bonding gn 4s .. . iii4 tn, I noil do irg . 03 Vi 1)3 li loon dn Ter 5sl 13 1 13 .I111111 WeMurh Co s , , 071 I 4.1 3.1 37 Vi .. 34 la 4 II .1 38 ., 3i"4 4- V4 2014 4- 81 I 1)1 114 114 . All r li 4.1 88 14 11.1 l 10614 114 3i 914 ; Ills Mtt Net Close. noli ,..;. B3i I 14 10314 4- 14 08-4 4 Va 52 DO I Illi I01V4 Iiia 1011, 14 Dl v. 14 03 Vi 1 1 .1 STOCK MARKM HERE5 IMPROVES S. 1 f v:& J. BOTH IN TRADING AND PRICES 1 Cramp Shipbuilding Makes Wide Gainr-Philadelphia j Ka)ia iransib lruai, vci Liiicttiea iuusu Active, Keystone Telephone Earnings Good From the action rff the locat stock market'!-? price was brought about by ths turn. ratlv today It was evident that there was no accumulation" of orders over the holiday. The trading was of very small proportions, and the traders In enmmlss on houses showed verv little Interest In market opera nt lions. The changes In prices were irregu lar all through the list and with tne ex ception of a few Issues the movements were narrow. Business broadened out In the aft ernoon. Opln on In the Street seems to be unani mous that theie will be no conceited move ment In the market until there Is some definite development on the International situation. In other words, the- Street Is simply waiting for Washington to take some action. Quite a bit of altentfon was attracted to Cramp Shipbuilding shares during the morning trading. The first transaction tame out on the tape at 70. thereby show ing a loss of 3 points. From this low there was a recovery to 72, and thereafter the stock was advanced to 78, a gain of 6 points for the day and 8 points from the low. There vvasjno special news to account for the advance, and the upward move In Dili 07 !i 114 New York Bond Sales IjliOO Amer .Vcr rv 5s .. ii, noil Vimln l'emh 01. . Iihkiii m I iirolun Sec fin 4U0U Ainpr IV I ilt 4s.. .1 :iui(i iio rs ' -ooi) .In . . i ' Minn Aimr Writ Van 5s i()oo Armour i'n 4!4i. ,. noun Alrhlsim Ren l ,, ii'loo dn n 4, num. loiiim Ann liims H I, is .10(111 Atlnn Co l.llio 4'As vlimii Uali (ihin 314 n. . I'ioiiii ii r.s 1.10011 llll Is 21.0011 .In c 4'js . . .1000 IIS I, I- I.K&VVV 4 2 ill llelh Mcol let n. 71 mo do ifil .".. ,1,1niK) llrmil. It.tr fr .Is 11HK i'Nu.i nunn in 111 ijmk r.s. loon 1I0 "o .'is .. Sunn Can (lovt ."is 1ii.1I . 1 IIIUO (Vnp I .:, t li-r lt r.s 200011 I'irit I'ac let -1, .. 111100 Chill 1'onpri 7 .Hlion Clinn tc Olilo 4', a , 1000 lo coin .Is . ,, loon Chi & Alton .is . ,. I noon Chi (It Wist 4 . I7O0O mi II 11 j0ni u lunno ,to Ren is mon cin ir a q 111 31-, 1000 Chi II A Ij lu.-i 4a '. lOon ri, e, it .Sp, "1(100 Chi .M S. M I" dl v Is 1 1(11111 iln rfil l,a .. . loon On in ill.'.-, .... 20110 Chi It 1 ,". i" rf.l 4s loon Clei ,sh J.Imp I'rn . t ('ui 1oiiusirl.il Tib .. mono Col & South let -l , I11011 lo 4'in . .. .'iniio Clti of I'arls Us . 300(1 romp Tali llei Co (,s 000 iidl a iiuil lonv .li noon ,io rfu 4, .'noil l, n , ki or 4 220110 Ills .s,inr 1 out ,1s 1500(1 CrlB loin 4 ser I) moo us.,, i:ii. ii-h fis tonil llml fr Man In f.s 20011 ill sitcl illi 4's n . llinoo III inu il ifil 4s -'(inn do 4 111.12 ,. .. liUllll dl is 111;, . . . (.1,(1(1(1 liiicrh Met 4 Van . I'nioii I11101I1 It 'I' i..f ,1s soon lnler iier Mar lis r.oilll InlPint I'.ipir 5s. . 1000 do r.s . . Toon lauua Mei-I 5s lu.'.'t 200(1 I, Hi lile His 1st On I Mm do ilil r lllooil 1.1, .si, del, J. 102s lllith. Low 3pm nil", 101 ('" !lll' ill ion', lis HSl, 11.1 ll.t'j Id.' Ill J, 1)1 , 112'n . Ill' . nn' . 111 .101)1 . IIS . SSi- . 1)1 . 113' .102 . 02 . I'll' . 112 I'OH P('4 111 100 OS US', HI 1MV, 102 112 lit!, , . llll1, H'l", llll', . . II.' 112 112 . II.C. H.P, ll.lVi . MI'n V(l, Slit, ..loo's Ion loo loll', loo1, lOO'ii 8 mil, iln', im'4 . MNVa Sh'a NS'a . lil'i ilh HI 'a , . 'IS l7,4, ns mi 1111 nn . ' S ssl, I2.V. 12.1 12.1', , . h'i so mil, , . Ill 111 01 , . (,ii'k tin J. i;o', . . Ill's 7lli ili'is Hii4 ll'S 1'7's . 111'H It 14 ni'i U-. &' W . IIS OS IIS i'1s till, iiH, , . 11.IH n.l'i 11,1s . . I'lsj 114 Va 1114 ' ,7,! " 744 , . ii'iij ii'ii nut, . 7!) 711 70. , . 'I.!', 113', li-H, . M ', K.( S l 1 !H ll.l IX S7' N7 87 llll llll llll . . nn'. pus, w,v . sola MI'a M)i,4 . 'ill9. All AnVa . 71V 74' 74s, , 10V( 103". 1II1", 224 22 S 22-rt - 1)1 HI 'a 111 la . H24 024 ')2a 1. llll'. Hill, no'. .. t.s' o-'i ns', . OS 1174 OS , . Ill 111 HI . 'IIS SS !Sf .11104 1ISI4 mi llll 1014 101 1015 JOP, " I ', 114 - 100 s 101 l"IV I'll-, 1)la4 !;.l':..l;r,,'''K,. i.". iM in mi. no 800(1 .Manhatlali 4s (il 4IIIHI do ala la III'. loiiii Minn k St 1, ,1a iiii 1.000 Mo 1'ai 40 w I . . 1I.V4 r.nno Nat Knam f strip ,1s.. inn 7 (Kin -N'or State I'ow r,s .,, mis 140(10 N v o II 34 a 111 Hlion N Y C J II 11, 107 , .in,i. .11, ,-, , .1,, 01 !H 'i DO 1 1.' .101 .. 814 ..10:1;. . . (1.14 .. .; . . IMS All til H4U 10.14 I!'.', '(34 (ui 11:1 ino'i loo'. 111- jo: ii.i Ion HAS sits 107 mi lon',i lno4 1004 10114 jni 1111 ion nr.S HI 1U7S -.,,,,. ., A t u 1 IU.IO IfK 1IIU'4 100(1 do 4s lOfia leg 11104 JUi'i'V UU S-4S 1111,(1 ... 411(1(1 N V U II ft f 4a.. 10011 do .Is . . 10(10 N Y Ilwy ref 4a. .. 3000 Nnrf & VvVst dl 4s on')') Nor I'ac prior 4s. . 2000 do sen 3s .... IflillHl Ore Short L ief 4 3(10(1 Pacific Tel r,s 61100 l'enna sen tt 44 a.. IKIOll I'elH Maiii!etl ,1a., 700(1 Hep lr & !4 .Is. ... 3000(1 Knp lr t S li 220(1(1 St I, ft S V all As . 60011 dn 111 .Is ll.'OOO St I, ft S f. 42 Ser A AS 2.1001) do. 62 Ser 11 h.1 1000 Seahoard A 1, adj fia (12 41110(1 South I'no iv 4 8.1 . 1400(1 do Pac rM 4 112 420011 South Par cv Gs ....loo. 11)04 looli '.'.loon South Hwv uen 4a ... 734 731; 73S tii.iva iiiii', liiii'a 1)9 S li'iS 724 o.t 11.1 iri'4 mi 4 714 63 7 M4 111 86 HI s 814 KXS l,.1'I II2S 113 S on IX 1(1(1', 102 D.l 1111S H'lS 72'i 61 118 8.1 (12 86 02 11(101) do ton I'lOOll Tpsbs Co iv As ,,, 70011 Third Ave ief 4... 10(10 do let 6n 1M10H do adi Sa . . 20011 I'lHh l.t ft Pow Ba. .'no IT S Om 13 1(100(1 IT S Rubber A .. 1IIIOII IT S Sleel B I 6a 31101 1 I'nlon Han 1' 4 eta 3IKKI I'nlnii I'ne 1st 4a.. .. noon do 1 v 4s 1.1000 do rfrt 4s 220110 tin Itnjs 8 PI) 130011(1 It K of (1 H ft 1 6s ., Milium do 6'ji a 1018 22Mio(( do r.4a llllll new.., 211100 dn 64s IDIO 21.1100 dn .14a 1021 .. .. 1000 Va Car Chm 1st 6s 2(100 Vn Itwys .Is Mlllll Wilson L'o As . . 2200(1 Wah-P T 1st c t f P 4s 33 1(1(10 IVeFt Klet- 6s 102 6000 West Md 1st Is 7I' 2000 West Shore 4s 0(1 2000 Wisconsin Cent Ren 4s 811 , X .lor . 78 .loos . nr.'a . oih .1011 .102s 10.1S no , iio'-a . l)2'i . 02 . 3S'i . l'7'i . 084 . hkH ' ,? . HIS 101 , H 1DIS 101 7S ion"; 1144 in ion 102s lo'.S no WIS 024 I4 38 H7'i OS 118 11.1S 111 101 BS llll', 31 102 7.1 On b8 101 78 loii'i 014 IMS Kill 102S 1111S 01) WIS 112 'i 92 3H11 t)7'i oh4 os H.l'i n.iS Kit. on 1014 .13 102 734 no 86 I ' NEW YORK COFFKE MARKET NF.W YORK, Feb. 13. There was re newed liquidation at the opening of the coffee market this morning and first prices declined 1 to G points. Tiading was fall ly aitive on the call, sales amounting to about 11,250 bags. Today's' opening February March 8.1008.24 April Ma 8 2008,23 June S.'.'O July 8290830 August September 8 S.1irS.37 (Mobcr 8.33 8.42 .November ...., Dei ember 8.40O8.48 January.. ,. ,. Hid. V LOCAL MINING STOCKS TONGPAH STOCKS B'rt' A,ked' EAtuiday'a close 8.l4fffS lf 8 IHfllS 20 8 22Q8 23 8 24 (Til 8.2.1 8.2808 20 8.3208.33 8.3lft8,30 8.3708.38 8 41(98.42 8.458.40 R.41IK 60 8.3308.64 .-uni-.Namara o, , 08 Midway 18 ,20 Mlzpah Kxtension 13 ,14 Montapa ..,, ,.,,.,,..., ...,, ,22 .2,1 Northerner ,........,, 14 .in Rescue Kulalla , ,23 ,25 ' OOLDKIRt.D STOCKS Plus null ...,.'..,, .02 ,03 Hoolh , ,.. ,00 .111 1'omh Fran , n..., .1)4 ,0H Dlamf 11 U i 03 ' .0.1 Daisy i .. .03 .04 Oro , .',' .03 Band Ken ,,,.,. .Oi ,01 liver i'lck I ,10 .17 , MISCELLANEOUS Arizona United ,...,-. .50 ,54 Nevada lllll I....... 20 .26 Tecopa Mining .,.,.,. .13. ,15 ct that tl m m over of comparatively few shares. A Wa change In the shares of this tompany la ! to be unexpected. In view of the fact tha iney are iery cioseiy neld, new lntera which Jiave come Into the company hails! accumulated large holdlnas. '""ing Of the local Issues Philadelphia RnM 1 Trans t ' trust certlncalo. .' .? "apiol , j active, butt the activity was at the pense or the price, which was dr.... , i midday. Union Traction was unchana.7 el wlilln Phllnrtlnhl, rr,, . ""snaogea, J t'nlted States, steel common gained a lltthT as did Tonopah Belmont. Kentucky Securll ties fell 3 points, but recovered 2 points of the loss before noon. In the afternoon P. It. T. certificates recovered the l0. Lake Superior became quite active and ad' vanccd. . Neither the preferred nor common stocka of the Keystone Telephone Company made any response to tho January earnings stats ment, which was Issued during the mornlne TJie gross for the month showed a gain n. $10,422 to 3127.531, while the net rose Jlnjl to $59,771. After ther deduction of IntVpoVt charges the net surplus was $31,980. a ni, of $723. " WHEAT DROPS AFTER ' MUCH BETTER START Traders Become Nervous Over Diplomatic Situation and Railroad Congestion HK.UN IIF.LT WEATHER FORECAHT 'IIIC.r,(L I'rh. 13. The weather fore last for thlrtv-slv hours Indlentes unsettled . tnndltlons nnd lower temperatures throimh nut the West. CHICAGO, Feb. 13 Renewed nervous ness over the diplomatic situation and, neaily unprecedented congestion on the rail loads weakened the wheat market today after It had Btarted stronger. In the Initial trading local specuiatois were good buyers, but leading shorts sold. Outside trade proved small, Local elevator systems are being closed because of the Inability of raltioads to move grain. Stop-loss orders were uncovered as pi ices descended, but partlof the losses were le galned on coveting, Tleports regarding win ter wheat weie unfavorable. The visible Hupply in the United Stales decreased 833. 000 bushels for the week and Is now 47, 887,000 bushels. Initial quotations were the best. May, after starting at $1.77, dropped to $1 72S, closing at $1 74 to $1 7374, against $l."tr'i at the end Saturday. July, after opening at $152Va, declined to $1474, finishing nt $1 48&a to $ 148Vi, compared with $1 49s,, the final quotation of Saturday September, after starting at $1.4114, re ceded to $1 374, ending at $1.38?i, com paied with $1 39'i, Saturday's last price. Kxporis weie discouraged, traders fear ing a rigid enforcement of submarine ac tivity against shipping. Clearances from the seaborn d weie fairly liberal. fSxpoits from North America for the wpek weie 5,488,000 bushels, the United Kingdom getting 1,853,000 bushels. The niniket at Liverpool was firm on deci eased nrilvals Coin lost gtound after a high stait and onts tagged also. Leading fututes ratiRed as follows: Wheat ' Open. IIlRh. Low. Close, Close. Vluv 177 177 1 72S 1.74 1.744 .llllv 1624 1624 1.47S 1.48S t.60 September 141'! 1 41'i 1.S7S 1.38SH3U4 ' orn (new tleuveryl -Via v . . . . .lulv .... Oats May .... July Laid Mav .... .lulv ..., Whs .'lav .... .lulv ... Polk Mav . . Julv .. Pld 1 (124 1.0.1 1 01 tl 01S 1 014 l.ol'i sou, fl on ni ...IA 76 ,...1(1 87 ...16 80 ,. .16 1)5 . . .30 20 . . . "211 67 tAsked. gft 1A 80 18 1)2 16 00 10 00 6.14 64 60 544 30 20 20.00 1.0244 l.oofi SSI, in 77 10 00 16.07 fl.1 72 T15 86 15.77 T15.82 15.t!i 20 80 t2R 0.1 t.10 12 20.20 20 30 20 65 IA 67 1A 57 10.74) tlO.72 Blfi GOLD SHIPMENT ARRIVES Nf'.W YORK, Xeb. 13. Gold to the amount of $25,000,000 has arrived fiom Canada for .1. P. Moigan & Co. for account of the lltltish Government This Is the lit st larsa consignment for British account since eatly in January, when the move ment was suspended with the placing of the British loan In this maiket Total gold imports from all sources to date tnls jear amount to $SLr,00,000, and since Januarj 1, 1915, $1,220,000,006, vr 3 COTTON IS STRONGER ON IMPROVED CABLES Southerners Are Persistent Buy ers, and Some Is for For eign Account COTTON BELT WEATHER CONDITlnNS NEW YORK, Feb. 13. Partly elnilde weather Prevailed In the western part tit the cotton belt this mornlrut, but It was clesr in the eastern sections. The following temperatures were re corded! Raleigh, 111 Ashevl He. ISVii Knni sllle, 22, Nhllle. 241 Augusta. 4li At. lanta and Maron, 28i Dlrmlngham, Mem phis, Shrereport and 'lhomnsTllie, soj Mont gomery, 31rldlan, Little Reek, Fort Smith. Oklahoma anil Savannah. 32i Mobile and JfirltsonTllle, 38t 2Vevv Orleans; 40i rensa rola. 42; San Antonio, 4Ai Del Rio and Tampa, 48l Abilene, 60 1 Corpus Chrtstl anil llalreston, 54, NEW YORK. Feb. 13. A firm tone was displayed at the opening of the cotton mar ket, prices advancing 17 to 27 points on the call. Spot houses purchased March, but sold the later positions, while southern com mission houses were persistent buyers and some cotton was believed to have been taken for continental trade account, The supply came frorrrwall street, Jocsl ' At opeiaiors, commission nouses ana Liverpool.! vj were 17 to 20 points higher, whereas a range of B'J points higher to 1 point lower was due. accounted principally for the early tone here. After the call the market con tinued steady at about the early quotations. The early advance carried the active months about 30 to 40 points above Sat urday's closing figures. Business tapered off around the l'c level for May contracts, however, and trading later was quiet, Although the market held ' steady toward midday and within 2 or 3 points of the best. The market remained quiet during the noon hour, but held steady with prices only 3 or 4 points off from the bast under scat tered realizing. March .. Mav .... .lulv .... October . December Spot .... Sat. Close. Open 11 a.m. W 45 lh.71 16.74 in. as 1.1.73 15.4(1 t5 At .15.55 15.80 4.1.117 15.01 16.01 1.1.0!) 15.70 12m 1.1 84 1A111 10 11(1 15 74 ! p m 1.1 8(1 10 O-i . mid ' 15 81 Liverpool Cotton LIVERPOOL. 1?eb. 13. Spot cotton to. dav was In moderate demand and 21 point higher on the basis of 10 84d for mldu'i'.m-' The sales aggregated. 8000 bales, Inclui ' log 7000 bales American. The market fo futures closed firm on near months ai-1 steady on the distant positions, at an ad vance of 16 to 37 points. NEW YORK BUTTER AND EGGS NEW TORK.. Teb. 13. BUTTEn Herein!. 5353 tubs. Higher scoring., 454 QUAo cairn 46c; firsts, 3SVa44c. State dairy. 4318" I" a' Shortase on ov Rradea and freah. Prltes Jumped lc hndltlnn atronger. EaaS Receipts. 008.1 cases. Unsettled am very Irregular. Inclining to weakness, except for storage, which aro scarce and firm s,oras firsts, 43944Vac; storage seconda. 4H4 0't2'ac. no changs In other quotations. Boston Orders Many Trolley Cars BOSTON, Mass, Feb, 13. Moie than $2,000,000 worth of new cats for use nn subway, elevated and surface lines have heen ordered by the Boston Klevated Rail way. g nillBlMlllMMilUW Your Idle Money Should Earn Interest FUNDS for any reason lying idle may be de posited in a reserve account with this Company, subject to Check or on Certificate of Deposit, and interest will be allowed on such accounts at tales proportionate to the size and character of each. Inquiries by Mail Will Receiie Prompt Attention Philadelphia Trust Company 4H Chestnut Street :: 1115 Chestnut Street Philadelphia I a MsMnraaj ii!MiX'tiitiiMjiiiiHii!i:inir'ii BiiiBirmpBiiiBt' - U. S. Rubber Bond Issue Assured NEW YORK. Feb. 13. Officials of the United States Rubber Company announce that a large number of proxies In excess of the required three-fourths of each and every class of stock of the company out standing for use. at the special meeting of the btockholdera on February 14 has been received. This Insures the authorization of the bond Issue and all other propositions that will be-preented at the meeting whlBfl; mlk. t.,.1.. 1- .u. n..H..4Mli.ir 1 k. ., ' Wlal 99 ssiu.is nss uuw( s v. ? zi We Offer $100,000 City of Camden, N. J. 4' SCHOOL Feb., 1947 3.75 basis $136,000 City of Paterson, N. J. 4 SCHOOL , p Jan., 1929-1942 3.80 basis $150,000 City of Newark, N. J. W- M 4 SCHOOL . la3r -May, 1957, opt. 1947 3.825, basis Frazier&Cq Philadelphia Broad and Sansom Sts. New York 15 Broad St. yv Baltimore , 211 E. German St - - " y J&s. JiSf&C) irffiwff'BiiassJrii.iilr-r 1 ,, Aaubitt iik..,.. : iAiiskmit:, '&$&&&
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