M P'h W-i' IS- i i r ' St m m - i lrtL T . feSS . '5 V V . k '. S " - !r"wT7"" Ttw' "'iWWf kU"iU"'? Hmmmmmiiluk SAVING - TIME Tlw.-irtsWnt rush of business asWWrer and busier hours. ,Mut hurried workers lose Talu- .Mc time going to bank In the MhMIe of the day. REPUHLIC IMiroMS experience' na. siich ln , t-MYewtaiee. They Are DENE- ,F1TING by the new thirteen- ' hour service. And during recti- tar hours, every known banking r ficlMty (s at their disposal.. YOU , can MTeJimc by nccepling the SAME service. Mny we send 'you further Information? Call f er write for folder. Republic Trust Company 1429 Chestnut Street STRENGTH-SERVICE-GROWTH EVENXM lliiJXiKfeiHijqA?)Ji3LlHll, FKLDAlV FJGBKUAKY16, -191?, - - - r - ... r . , i f L t r t 'FINANCIAL NEWS Income Tax Service -v An Investor's Guide For the use of the individ ual we have prepared a booklet embodyinc a simpli fied interpretation of the provisions of the revised Income Tax Law. It contains carefully de veloped forms for perma nently and clearly record ing all items of tht report which must be filed. As a feature of our indi vidual investors' service a copy of this booklet, PE-98. wHi, be furnished upon re quest. The National City Company 1421 Chestnut St., Philadelphia Hew Turk Cnleara "n Frantiwm Butol 1'lllabarcli SHORTS MAKE EFFORTS TO COVi!R AND STOCKS GO UP IN WALL STREET Tone of Market Variable Throughout Day Pressure Against Railroad Shares Early New Haven at New Low Mark NtlW YORK. Keb. 16. After n good deal of variation In tone inul lircKiilur price movement today, the oversold condition of the stock truiket wai Ucntly demonstrat deby tlio manner In which many stocks icspondcil lo efforts to cover shorn, and stocks moved UP to the highest prices touch in several weeks. Here was pressure njtnlnst the railroad stocks and specialties during the foienoon, when New Haven was offered down lo the new law t coord of Z&. Lehigh Valley W03 under bear prcssme, and the' bonnlronm contingent Included Union J'nclflc and St. l'aul In vigorous ntlncks shortly before midday. Tho motor stocks were also made objects of the bear attacks, and for a time the bear cliques seemed to have the situation In full control. It was not long, how ever, before it he low range lo which prices had been forced by these attacks attracted' bulng orders In laiso volume, mid this started urgent effoits to cover shorts put out on the declines. Vigorous advances followed quickly, wllh Marine pieferred moving lip from C7'i to 70. and gains of 1 to 2 points fiom the low levels were made In tho railway Issues and In the specialties. In which the shoit selling li.til been heaviest. Texas Company mads the gieale'U rhIii In the afternoon advance, moving up mote than 6 points to 222. Kugenc ileyer was active In Cuba Cane Sugar and helped put the pi leu of that slock up mote than 2 points to 1 0 i , nnd some of the laige houses that hnvo been out of the market for some time appeared, as aggicsslve buyers and did much to help along the upwaid movement. ., People" Gas, wlikh loaned at piemlus yeMeiilay, advanced 2'i points to 00. I'nltetl .States Steel common, In which tbeio whs quiet buying all dav, m.ide an advance of 1 points to lOo-V A motive for r.cmunl uneaIno3s among (he hhoits In tin- nfternoon was furnished by leporls that a cahnge In Presi dent Wllfon's Cabinet Is pending. New 1frk Stock Sale I r !,! . ... . ii i High. Affile. Teh 1st pf,. nil Advance Itumely,. utj soji 544 ti M BO SI loir mi sou ; in J I (4 st mi SS'i S")i 41 nt li ;',4 "Ma IS SI S9,i 7 tin DO 03 '4 If! 103 39 10H 1.4'. 4 loiy, u .11 ',4 fl 7.1 II". Net Cloae' Misc. 4-1 IMi Vx 30Ji li J . M, :' w 114 ? i Brjef Descriptions of Conservative Investments Yielding from 5.10 to over 6 re contained in a circular just prepared by us. A copy will bo sent on icquest for Circular No.' 2507-A. William P. Bonbrightfi Co., Inc. MORRIS WISTAR 'STROUD, Jr.' Manacer 437 Chestnut St., Philadelphia Tork Boiton llftruU London raris Wllllim P. BonbrUht & Co. Bon'ir.eht L Co. AUTOMOBILE BANKERS Otter special facilities ror In dividual or automobile deal ers to finance the acquirement of pleasure cars: antl for huslnti housts to finance commercial cars or trucks. If you are 'thinking of pur chasing car of any kind for any purpose the KINNEY SYSTKJI will make a better business' transaction for you. REAL ESTATE TRUST BUILDING PHILADELPHIA Dvid Lupton't SoniCo.7Pfd Edmonton (Canada) 5s 1934 Edmonton (Canada) 6s 1921 Philadelphia Elec. Co. 5s, 1966 Georgia Ry. & Pwr. Co. Ss 1962 New Orleans Term'l 4s 1953 Southern Indiana 4s 1951 Circular! and Prlc$ on IppUcation Morris Brothers Co. KitabUtbed J8SJ -1421 Chestnut Street; DEMAND FOR CURB STOCKS INCREASES AND MANY ISSUES SELL AT ADVANCES x NIV YOItK. I'cb. l(i. A firm lo stiong tono was xhovvn In nearlv nil the lmpoilunt Issues on Hie linpoitant N'lies on the Hioad Sliecl Cmb dining thes day. with stocks In Inci eased demand In the afternoon nnd tiun of them joining In a general ndvance. Ameilcan Sunmti.i Tobacco vvns the utionsest fcatuie In the foie noon, advancing from 2.".' to 24 4. The Independent oil stocks wpih geneiHllv fctroiig, with Jlnillt Oil In good demand at lR nnd 38, and Sapulp.i was Haded in at 9 lo S',4, the supply In niitlclpattun of the subsciiption ne:.t Tuesday bnvlng been entliely absorbed. Hmclalr lanijed fiom 54, to S4, and Codeu sold at 14" to 14. Sequoynh was Haded In nt 1 -i to 1 S-1C, and Itoyal Dutch sold at 60 lo nflls. Standout Oil of New York sold at 2'.i nnd Vacuum Oil was traded in at 425 lo 4S.J. Ohio I'uel was active, with, sales nt 21 to 20",. United VenJo was the flions featuio nualn of the mining gioup, advancing fiom BS- to r.'j', with the bilng lwsed on the favoiable. .showing expected to bo made In the unnu.U nport now close at hand. IMIL'SmlAI.S IMII.I'hMlhNT Oil, SIOCK T-li l lov . YH I !8P HlJ Al (said III.) Aiikirl. (Sal) Aetna Kxploslves .1 &' 3 Am Ventura. 1 S 3" Ain-Brltlsh llfg Bainytt Oil & !as Si a 3! , ., .. Cosricn Od U !as Ii 1 1 li l Am Manont SH -U ,-ofdcn A 'u ll I5'i n American Writing Paper 4 SVi -. Kcdcial Oil 4 s 4T Canadian Oar Co 3 -15 Inter Peti oleum 1'J?n I'J'i li'A ,-. i-o x i.-,i.-,.-r n'v ts S'l Houston Oil I l .t-anLartl-dj p.et .... ' Mer;,t 011 ,.l4 ,M , Carwen .Steel IJ 1?'4 "i jnductt Oil ss Hi :u Charcoal Iron 'Vt Oklahoma Prod H H ... Hi'i II II Chevrolet Motors HI l .. 'aB Hominy STt S' s , 1 , ,, , n "toyal Hutch nn1 sn '',4 Cramp Shipbuilding .... sn .. j.a;unyah ,,k ,. ,,j, Curtlss Aeioplanv . .. is .l .. ..nini!ia lief t'i ' Emerson Phonograph ..,i', mVi 4 Slin-Ialr M 4 " I'ederal Uesti:ft m .. .. VHMMi STOCKS Ilutkell & Haiker Cai . . .TWi 4o .. Alaska Standairt "A ft Vt llemlee Mfg 34 3S .. Atlanta 14 IS 14 K'athodionB.on.nef.. s 4 .., J-,--- lH Lake Toipedo Ko.u .... b M s'i, j.(((i (-op,wr A y,m . in, liuiel Oil & flan s .. imtte N Y I'.i I'i l" Lima Locomotive new .. .M .11 ss ilumet . Jerome .... I iy is4 ,, . ... ... ,, ., i'onol!Uateil Alizonii .. t 3! ,', Maxim .Munitions 3 '-4 4 2-", Dundee AH. '..... I'.i l I', aildvale Steel ;.4"f, 4 .1S( i.mma Consnl I,, !!, 1 New York Khlpbuililing. . SIM s .. Klist National '.' 3l4 , ri. .i. ..i ft Violence fjoldfleld it SS Poole i; . M . .. :1"C1 V" ' " Seripix-Booth 4.. .. .. oldfleI.lMe.ger s s 5TS Kresoe w I I34 13 .. (llcen Monster 1 M If, J14 Santa Cec llu 38 . .. llecla Mining .i 1t ". Santa Cecilia prcf S.1 6 .. Howe Sound fl'.i, 4 .. Standard Mntois '4 .. Independence Lead .... IS IS St Joseph Lead 1 10 ls'i Jim Butler ',', so is Steel Alloys Hi; sh x't .lutiibo Kxtenslon SH SI sn Submarine SI S SUi Kcir Lake 4! 4S4 s Triangle Film 3Vi S'4 3', Kenanss IB ;o n Todd Shipyards 7 SO .. Mother Lode 3s s SH t'nlted Sugar SMI 3J5i .. McKlnley D.lrragh 4 s; 4 I'nlted' Alloy Steel li'.i 4T 4n1 Magma Coppei 4!V4 S014 49 l H Steamship 4U S'A 5'h Mines Co of Amenta... t Sli .. I'nlted Motors ,. .1 4i ss .eviula Wonder S ?; ,. World Vilm T "t Mpibslng sifc s. 11; Wright .Martin All ciatt. . II IS 13',; nay Hercules 4 'm 4t 7,inc Concentrating .... a -ti !i j5,,n 'j-0y 14 in , ll.VII.IIOVDS Genera Cop 13J4 uvt IH , , , , .. .... ,,. Tnnnpah extension .... Vt 4V4 4li Rock Island coin , a.)4 '. l')4 . ' .. . 7 " ' P.ocl: Island IA) pref... St HG W est hud Con SS ,11 8 Itock Island (H) pref ... na it .. iiomis Westsrn Pacific w 1.... ls 31 .. ,:u,iahy5S 94 , mx Western Pacific pref.... 4 s M .. ,-en0 de Pasco 6 us 117 .W.a.a"L',.t.UrR? "; l II " 'oden Oil Gn K.i 104 lon Wabah.Plttsburgh piet. 4K S3 .. ,-aden & Co new Cs . .. lofl l; ..' 8TAXl)AItl Oil, STOCKS Vicnch Miinlc 6h Bt am .. Hln0g ssi 34(1 .. Mldvale Steel Cs DSli 9; 9'4 Ohio 3is 'is .VJ0 Jtuwilan t'2s 4 99 as Pierce OH 13 13 .. do BVs SS ss ssi,4 Prairie Pipe 317 330 .. Sinclair OH 6s Ill) 110H .. Stand OH of California .ton 311 .. Todd Shlpjard 6s Ion lot Stand OH of New Jew' uo 6U Western Pac new 5s ... sii',4 sufi ., Stand Oil of New Yoik.saJ 8u SJ? C S Itubber new in .. 4?4 96 9 J Ve Offer SUPPLEE MILK COMPANY .( 7 Preferred Cumulative rrits t net 7.11 ' Circular on Request Elwell, NauUy & Company l Investment Seeurltles St4ck (Exchange Bid?., Philadelphia -i if. trail & Ctttoi ! J (ft Speekl Serrl. Chandler Bros :6q , ' 1M4i ehsstnut Strtst ' ; MllKIRS IROKCRS M Vtk MiUiikyi Utvrhkura zarrse: MMBCTtHIT 8 ACCCBNTAMW &em I jL4jHASbM urn 1. 'wzmw: m NEW YORK BOND SALES 000 Albany A Hujq 3V, . Ml. IIIO11 -Allesti alley 4... . U7'i limn AlmLa U cv lis sr II. 7s HVlll Amr Avr deb Si. 1'U SSOiMHi Anglo-Krench a . -'. U'mhi Amer ifoneina iiea Sa '.'HH Hi, iwii Amrr Tl !)' lot SIMM Amer Writ l'p Sa. . ' Sihiuii Armour Co 4 Via 4 Ioikj Atrhlaon urn 4a VIVa lnili) da HdJ 4a. HI'-. llllliill 1I0 tv 4a lOmi. .. ...llii;' KIWI Allan Co I.lnt) 4'ia,. IMta 17UOU U'lt II Ohio 3'a Vi 1300O lo Sa "a 2UIIUU fo la -U 11MHI Jll) I I. a IV V. 4a, SS 400O II I O SJwn :!'-. Ufa l.lumi uem Hleel lat 6a.. ...Int., luoil 1 r(d (! I'i'i'j 1'owj Brookbn II X 4a ..1 7. uuoo do 6a 1018..., ... !' loin) nuah 'lrm llldx 6a .. KS 6000 Can Govt 6a lu.'l..-.., VMTi 61)011 do 6a lll-.'O UK, liMHm do 6a 11131. VOW loon Cal Oaa & Klea 61. ...Ion. .110011 rent Leather lai 6a..lo!H 10000 Cent l'ao lat 4a ml HOIK) l-hea t Uhlvcv h' . SS'a IW1111I Chea Ohio conv .',a. VI . 4UU0 Chi t Svr deb 6a l'JJJ.loa't SHOou U IH D joint 4a.... 7 6mm do von 4a '- luoil Chi It i Ht P gtn 4a, VI K 16000 do rfj 4H D) loon do oor.v 6a w, lliSS 5;i000 do IV 4 Via 971 Simm de i-n 4Va lot 8000 C K 1 . P rfd 4a .... 7 4000 do 4a ..... ....... SSVi' 20000 Ctrv (111 J.lna 4'aa..., BUS 4000 CM Kw 6a OSVi 40OO Col South 4'ia.... S4 1000 City of Parla Ba,... ... S 6000 Con Oaa conv a lie., luoOO pal A Hud conv 6a,,.10SK -8000 do rfd 4a ......,. 97,, ZOOO Pen mail ...... SIVl 6000 do rfd 6a , OTli SOOO IHIrolt Edlaon lat 6a,lU6 SOOO Detroit United 4',a.,. SS Zduuu xjib Den tjgrp oa....r 7a HlKh. Txiar. S 7'a 7H Hill ins mm I', ii Ml III'. 7lt 1MI 11. UOJ. 1UU ll.T. 11.1;. llRI'a H3"i l).-a ll' lli'i SS lll'i till IiniVi Jl'O'i 7' ' V" 9a SH VH'i at UiVs. VI) K.I au'i lajri ur. V4ja MS in lllll, kkU !s V.lV S4'a I !).' ss UlVa 101 Iiii'i ia. 11)0 mi',; VII ss VI llli'i V7S II 4 G 1 VH lu.-.S lo.i'. 974 VT1 101 lot 74 i 76 SS SH m v 84 84 9H vsH lis , lis., 102! ius; 7 7 sr 8ijt 07 ! 10 76 7ft., )!), Mta sis a2 SSU SS'I ; 7J s vs Dot. Bl 8S VS1 lnni, lnnti TS r 7 SS SS . KHi S7i SI..I 5aW8,rl0IW Jnt JOlJf Wsl ' f ?- 984 XSU. ?.;.i 1000 Mrla cv 4a Her n ,,. 7S 4 SOOO Hud Man in 6,,,. MU 4000 00 ria oa .,,,..,i, no OOU IlpRtael deb 4tiS.,... 91'i )0ooub4tana btetl a,..,..ui jouoiaii uaot ii i.iim,, 6000 'do 4a 1V3S. ...,.. 3w) iniarn aire a-a 4ajuWl Tn4rh H T prf fia w . -. - -- 7 ... W iniar r sir m, i 14S80 Internl Paper Bf,.,,, RH 'ftOSO; oa a .(i.,iA,IMS 4WO.K C r H i M 4 75 3ieVneit so 8a....... ss qs-sr, wmty 6000 Mr (Tli , loon Manhattan 4a . ... S'lUil UlilwauI.eH (U 4a l.'iinn jllo Kan t 't lat 4a. I nnn do rfd 4a 200H Mo Pao W I. 6a 1II.M., 'Juno Mo I'an 4a w I . ...v 1 11)1)11 .Montana Power 6a,,', IliDO Si,r Slain J'ow .'... .1(100 N V I' I, S RVja... illllO N Y CM f col 3'4a, VIH, 1U . Ill1 , vs ,100 , n. . 711. . 7H?i "OIIO VI' t II r.il .H... KJi i;illlll ill) lla Ills'. 601)0 i1n 4a Vtl'n llilion do 4'aa Il ium) N V I'lly 4a 10511. ... VII?. 1.101111 s i 00 Hleji. Low. P 11 10 H. Hit). inia Illl'a Vll'i US V3 7S 07 li 7 UK II.-.'. ll'l". V7'a' 7il 7H. lns. noli ini'I V)", . . VUZm. ll'l". Vino do 4'ia 11104., ,,..,lii.'(a lojli innil do 4lia llnl.1... .,..107 1011 tuuii uu ivva Aiay li'.i j . .iiiova 61)00 N V N II H ev Sli a 6M 100(1 do 4a I'JSli 07 3000 do lla Hlil'a looi) K V llwy ret 4 IMU. 1IIIIHI N Y Tel sen 451 1)81 2000 Norf Weal I'och 4aJl Soooo Nnrf k Wear 4a 11.1 7600 Nor l'ao prior 4a,,,, V4'i noon do ctn Sa ml 15(101) Tactile Tel 5.,. 1()0, 2(HH) I'cnnu 4a 1V4S SI 16000 renna ten ct 4',. a 10 J loon .do en 1'ii..,.llilli llinoo Public Service N J 6a, 01 61)1)0 Pere Marquette 6a 6000 do 4a 6000 Readlnc sen 4a SOOO at I, H K ajjl a, 4000 8t I, 0 F 4a atr A.. 1IIOOO An f.a aep 11 ,..i. 1IMU1 Rl.nil Mill na till 6000 Seaboard A L. adj 5. . M2H ion' J 3H 117 lUll'i flB'i IIS 'I lit 11.1 , V.I. 11(1 loo'i V9 mi ; 104'a us1; vi'i 76 l 76 , V.I 114 72 Sal. 3 07 . 1111 . II-.". 111 .AV., n ... Am 'UU - .! snoo South Pao rfd 4a ... -" SJ't isooo South l'ao cv 6 .l..'"!,, ;!K,, ,1,17. soon Bouth llwy con 6a, voou Texaa uu cv na., soon Third Ave ret 4a. noon iln adl 6a ..... 300(1 lltab Pow l.t 6a, loooo u,8 lluhwr 27000 U 8 Hteel t . 2000 do 8 y rts S01HI Union Pae 14000 do cv 4a 48000 tin iiw; ItDOOO IlKHMl i5?noo 6000 do oia loin.,.. 12000 do 6 'a a 1V21..,. 21000 Va Car Chm let 6a anno Va Ttwra 6a .... 2000 AVeat l!nora 4a ..?! , i. -a i 77 U4Ti 10',l 71 07 11451 luoil V8 -. 1I1I1. 7 7H'i los4 Hll! vii; Vll'i 102!, 107 lllll',. r.s HT.. lull' i 3, lll. BO loo fi VI) iV5u VI V3'l 76 V6 72S SS'i 8l'4 88u I," !8!,4 77 a? V4'i ..lit .. l Va .. tl-S, ..101 ,. is'4 ,160 tin1, 4 . 404 )),, 140 . So JO 4 . 26". . ss-n 44H . .1j .tun 1S4H .10 . ss . .16 moi, . 8.1 HIT. . 3 If. . 42 112 101 . 101 Vi . 1.1 . 1.1'4 . S- . 70 . 3Si s;- . 41 .14 'i, 6.1 , 0 1 'a , 4 'Hi S-S, , 7 . 72'fc , S9 1 "J " l-i . 72 65 U . 7U , .1.1 S7?4 . 37 4 S 1?A 2S . 38 . 233 . ?',, .120 . 1031,4 . 6SJ4 . 09 . 4 . DV . SS . 614 904 I") S'I 1.1 S2 i: OC'.a S'J IS 'A .11', CIV, 7 117 VII OS 111 10.1 .19 I0HU KM', I01, 47 SA'i SI 7fl li'i loj"i an', II',- lll'.s II Ma DSlVi 111 'A .11 AM. 75ia 71 11" VI 126 20 too llo'.'i II 44 0, 23 .13 S 1.10'i Kt, 111". 30 '.i V'14 :.i 15", 7'i 1ISN, 1 1 (! ", 17'JU IS SI'i .IP. 41J, 4 JS, -1- . M 1 7 - V' i i'i i'i ! Vfc "sl'i Via ' I. . t;, -i I'i t l,t 6a,,, U.'a 114',. V.'a r Oa .JllK'I 1M2S 102f - 6a .IO.V4 10.1U 106'Z lat 4a..,, UK'. OSU OSVT .......... Vim Tin nwya je 4 414, U K of,CD 4. I 6a.. II 7 C do 6UaTlUlN,.... . US', do 6la, 10l.nr,. Vila 1000 Wlecon Ctnt (en 4l.rS3'4 BAR SILVER fi. KrK i. 7a a.yf 41, 41i- V7 7i as v vs US OAI& OAU' ...T A.aT (i Mflli IHllI. 6V 6H do lnef. AJsx Itubber..., Alaaks Cloltl M., Alaska Juneau, ... Allls-Clislmers Co. do uieC Sit, si St'.'. t Am Bank Note... ayt iji; i. V, Am Agr i hem., Am Ueet SURar. Am Can ., Am Car & JAJy .Co Am Hide & Ixl.. 12 do net ....V:. ?!, Am Uo Sen .,).. 33', Am l.lnseeil 1S4 do ()i ct ....... .Ill, Am Uocomotlie .. 70 Am Unit t c .... 7 Am Kmcltlnir .... 07 do pref A no do pref II cn4 Am Knurr ,14! do pi of. , ,,..,1113 Am Steel I-'Jr.v ... -in Am Sugar too Am Tel & Tel . 124 4 Am Tob iircf new lOITf, A in Wool 47 Am Zinc ft Lend., .ifi'.i do pref. ...i,.. si Anacondii 7S"h Aiio Oil 72V4 AUill'on loivf, do picf !)')', i All Dli- Atl. ... I4'i All Toast Line.. 1 1 1 Atl Uult"& V I., DSli do pier .in .11 .m Ffllil I.OLO ...... 3'4 6"', 62", Unit ft Ohio ?'., 7.1a 6a do pref 74 71 71 Ilclh Steel B w U.lllli 1P",i IKi'i do pieT I!.1 12.1 1 .'1 do ripllti . 2(1 Bioivii Sh Co or Ion loo loo I'uina II I (15 .. ,111!', llo'A IM'i Hrunmkli It n Ittitle A. .Sup 'op . 4.1', 440', -,', Cal Petroleum ". . 2l, 23 7.r,H do tnef .11 .13'4 .11',, Can Pniinc . ..I12S 150'i 1.11 i ',', Central Leather . s,!4 ! si ',4 do pret Ili'.i IIP', 112', ', Cmo Ue ., 3!'4 30 (i 31 '4 'a Chandler Motois . 01, KJi. 971!, 'i t'liess. A- Ohio . . blP .11", 5B Yt l 'III H Alton 15j; 15", II", .. . Chi At & M P.... SO', iv, n' - ", do pief Ill 1liS, 1181, '(, Clil & .Voithwest lis IIG'i IIS 4 2 tlo pre 172,4 172', 17!4 ' "'i C It I 'a P rts dp. 2S IS 5"t, J- V. Chile Coppei .. 22", 2l'i 21 "4 I'hlno Tun Copper 64 Vi ,1I'4 1 J I ( Vil l-'uel K lion .. 44"i 4U, tin, -hlU Col Cas - i:iei 39 3 , .Tin, Con Oas l: I, Ac P I2IV, ril'j 1JI', IH Consul Cis 112 llH I2( 1 Cont Can ot'A !''' !. 'i Com Plod .. do pfil . . Cliiolble .steel ... fl.l'J SI S4', H I Ci'lia Am Sunar do pfd . . Cuba Cane Sugar do pfd . . . 8iJ,, S7'(, s 1 Del & Hud .. Den & it O pTd Dime Atlnen Detroit Kdison rta Di'-llllers Hecur . . Knc do 1st pief . . Fed AT S pief . Cajton Williams ("eneral chem Co 'icn Ulec Co ... Ceneral Atotors . do, pref Goodilch BY.. do pief tiianhy Allnlnr . (Jicat Xo'itli pief 'it Xor Ore Hiiba. (Juene Can Cop. Cult Stale Steel . do 1st pref . . . Illinois Central. Inlei hot o-Con C . do pref lot Alei AI.il Inn . . do pi'cf Internl Paper . . . do pref Int XlcUcl Kail City So pfd. Uelly Spiliigfleld K"lly. SpilnRtlrt pi' K'ennecott Cop . KIiiki Co II 1. Its T.aeks Steel I.cblRh Val Alackay CoS Alanhat Til . Atanhat Shirt .... Alax Motors .... do a st pref ... do 2d pief ... A4et Petrol .... Miami Con Cop .. Afo Kan h Tex.. AltssonrI Pac ctf. Alo Pac iv 1 Alont Power . ... Xnt Cil & Suit .. "0'4 Nat r.nam & Htpd. 32 ',4 National Lead ... 64 14 Nev Con Cop ... 24 ,vr Air Brake ...14t(i New Tork Cent..,'6V4 Y( N H & H, V V, Ont'A W. Xorf Soutti Norf & West ....120 12S?i 12ST4 Xoith Pac 10314 103 103 Ohio Fuel Co .... 6K, atSI, Ohio Gas . . Ontario Sllier Oivena Hot . , , Pacific Stall ,. Penna R. R ., Peo Gas & C. Peie Afaui pfd w I S8',i Phlla Co 3S Pitts Coal cits ... 44 Vt Presed Steel' Car. 1.1 Ry Steel Spring . 4, Ray Con Cop . . . 5Ta Iteadlnit 01 do 1st pref ... 4S',4 Kep Ir & Steel ... 15li St IST w I .... SIVii South Pacific .. 93i, So Poilo Rico Sug.178 South R R 2S Studebaker 101 do pref 10S Stutz Alotors .... 4S Tenn Cop&iCh w 1 154 Texas & Pao l'4 Teitaa Company ..221 do pref 219 Third Ave R R... 40 Tobacco Products. 82 Trans WJI ...., 42 Underwd Type OO.105 Cn Bg- & Pp neW. 91 'Clilon Pacific. ..137i I'nlted Ccr AlfB pr.104 104 101 United CRT Stores. 1 "i sl',4 7H do pref S3 S3 S3 United Fruit 139', 13S 1S U S Expres lovi 2Uli 20'A U S Ind Alcohol.. 124 ltt 123 1' S Rubber 63 SI '.4 A3 It S Smelt & Ref. 86 84 ss U S Steel , 10574 101 10.14 do-pref ll7'4 H714 11714 Utah Copper ....108.14 10814 107 I'tah Sec Cop.... 21 21 21 Va Car Chem pM12 US IIS Wabash pref A... 4 s 7 4814 ,do pref 25 S West Maryland ..S3 2S 3 tWestlnghouse M, SO',4 60 60 U Woolwortli Hm 141', 4 143H Worth P MTptB 8 Wheel & V K ,.'.. 1114 1"H H Willys Oveiland.. JSS. t S do pref ...... H M Wis Central .,...' 414 4714 474 Wilson Co ...... 6tV4 ! 1V4 tEs rights. ' 1 rix dividend Crtfcibla Steal preferred. 2. per centl LUxott i Wyea. 8 per lent; Uetroit JTn(nd. I'i I" centt National Dlacult orefarred. IK per centt racldo Mall preferred. 1!. per cent: Doma ailnea. 14 .per centl American lleet Suaar, IJ par rent eitrarAcma Tea firit preferred. 1 P?lcnr4f1ita Wetlnhou .St) IVeatlnshiufe nra, pmtvri.u, m,hh v-.. mm !IOr, 7014 101 si iso lot 14 38 S7' I. Ill 2 Vl 4rs 2 J' .i ;. ,18 V, It Xt 2in IS4 11'1'i ss .1.1 10H4 St It! ', 31'. 4: 111 104 101 1.1 S3 2.1 :'.. 3',i iH 4 i, .11 '4 .11 1',4 42. 18 ',4 70i. ssy, 127', 7! . S7 34 Tj, S44 37 7 '4 1014 28 4 SO 14 .12 6414 Jlli 141',. V4 SSV. saw 20 vii , 2 1 1, mi S4U I Ml ini'4 4IO. 8 no 19 20 1 2.1V, 2fi 38"', 4414 32 2.10 164 '4 104 SS 16 KlH'i 81 112 Sl!!4 42 111 104 101 '4 13 6ti S711 Jy, 41 614', .11 u 1 14 43'4 Salcsnn Philadelphia lllch. U-. 6 Am (las ..lis 111 S Am lts pf V5i 9.114 s.1 Bald I, Pf 105 102 . Ill Bfc Stcpf 60 ,10 60 Cal Pet.. SI 34 216 Klin . , 2.114 3"'. 10 Int Hi f S',4 S'4 83 Jim C11X A 20 2S 660 Lk Hup C 1711 IC'4 1114 laili Nn,. SI s.liji III Ia:h Vallcv 721, 7la 7.1 1, V Tr pf 1.111 ',i 1 l.lt Scli'Jl (IS 8.1 fIVt Penna 11 It M'a . I Pn Salt At. 9.1 11.1 13 Phlla I'o cum liM H II son Phlla Klec 3,"U .:I2'4 sso P 1: X t c-2i"i 2SW '1.1 Phlla True SI', 8114 11.1 Rending ..91 111', Km Ton llel . 114 l'j 21111 Ton Mill fl'n 'i"! II Union IWI31"i IR',1)'.' in I'nlon Trnc IS 41 231.1 i;n t! Imp HI 87 ij, IJDO U S Steel lOinr mi 11 Wjler ft H '6114 .l"j 2811 WmCramp 78 7(1 .10 York Ity p" .1014 .10 Net rhge. 3 rlie. no 9.114 ... 02 j S 68 ... tl 30 814 ii 20 1V 1714 si 7li 43'4 A3. 81 "i 11,1 41 at 'A 3fl'j SH, III 414 tniri n 01 imr, 8.114 78 .in Ii 3 4- 'A U ' U IHIMH ItlCo. Ixii. Clin. $.1101) Am i!.!" Pief o 0614 9RV4 Kino Alls Vul Ai. 98 lk 80no Clin.tr-.' & I'hlla Rj V-1. "4 -t-1'4 U Net thfie IIR'l IIH mow ia-h ; .s 1: r,i 1 80(1 l.k Sup Ino 98 1 i 118 (1314 III IJ4 10114 V, y 60 lltdil Hud C Man ' lie '.. 2iU 3014 1 on (i i.iiisii ,d 0 Ken 4i . 110(4 H0J4 liiuo Pcnn.i Co Ken I'jS 103 I01 Kino do cons ' I'ss . lo.l'i 101", .111110 do 1 ons fia 1111 no 0(1(1(1 Phlla Lie,- Temn 0.1. lo; 1 i 1111 1111 21111(1 do lien lis iv I . . to: !i I01s4 snoo Heading kh 80 20'i r.. no Vi 1U1 mi', ... VII ... LOCAL STOCK TRADING IS SMALL; MOVEMENTS 'OF PRICES AR NARROW fl Turnover t)oes Not Reach 500 Shares in Any Httme Issue .' During Morning Little Improvement jn Afternoon , Sudden demand appeared for United (ias Improvement shares In the late trading nn the Philadelphia Exchange, on which the price advanced S points ns compared with the final of last night. There was no definite news to account for the advance. Stock trading on the Plilladelnlilix Slocli 1'itliange remained small today, nnd In none of tho local ebnics did the turnover reach nnn shares duiinK tlio first tun liouis of irndlnr;. While the iiltendanco In com mission houses compared ery i?Tll with p"c'oiis days, the fcrlliiK as Ren"VaI lo etiiy out of tlio mar Net for the prc3crjt. In oilier wotdo, the tiadltiR cleineht lias adopter! j watchftlNiraltlriR nttltudc with, every one waiting for ronie Vlcllnlte nctlon lo be taKen In Wnslilnston on tho Interna tloml situation licfoic an) thing Is at tempted In tho tnaiKct. Chsnges In prices, ss on previous dv. w-cro narrow nnd lrreKular. Ten shares nr Utiffslo and Susquehanna, preferred cam! out nt 60, which was a los of a fun AmT, Stocks which arc usually active did lrtuiit hotlvlnir. Philadelphia rtapM Transit tn. ccrtlricates, after sclllnK ort a small ffae linn, recovered to the cloo of last nlahi Tho low point vvns 28'4. " '' Philadelphia Klcctrla stock liunc ,... tho final figure of last night. At one 2 thero was n small gain, Imt later In Ik. morning th6ro whs n (onall lo.a, jn ?' nfternoon I.elilgh Xnvlgntlon canio out Iik n 1-polnt g,ilii. I run Unllcd Klntrs Steel common started niik a half point gain. Imt this wa 0t h. foro midday. The bond division was enunliJ ns oulct as stocks. ' "' Demand for t'nlted fias Improvement stock appeared in tho Inst few minute of trading, and It was not long lieforn lh. pi Ice hail licen advanced 2U points nW. the close of last night. "w COTTON OPENS GOOD, BUT LATER DECLINES Covering of Shorts, Wall Street Buying for Liverpool and Cables Boost Prices 4s Hi tit'i; 1111 Vt i- 5 -r V4 i . i4 44 4- !a 1, -I- 4-111 1 f? 4-1 4- 'A-4- 'a 4- ' In M sm im SDVa 111 14 IS nli SI 'A 34 SS s; 'A lo'.i "i SS 1 0i SOU 1U 111, 5.1 HI'. 05 1 ',4 sa s 4-SVi Va 4- "i Ii 4- H 4-1 4- "i Vt ' 4-ii 4-li Vt OS BVi 80 !X S44 ss ss 44 IS 4 25S4 90 4SV4 74 31 1)3 ITS S7 iuo; IDS s IB'. 1?V4 ;i,4 518 nH4 At 104 94 H 4-1 Vt Vt t 4-1 4- "V, I 4- 'A 4-s 8'4 H B9 -.3 4 901,4 8U S8 41 IS 4 5S. 91 42V4 14 Si tltt 9.1 118 ss IBS 108 4S 1 .. . is 4- Vt J5IV 4-4 SIS Ii 40 4-4 t 4- 48 i 101 4-4i 94 V S I So',. 1S7V4 1 H. 4- ! VI 4-x K 4-J t.H 1 l z$ Yt m 'A V 1 U 1 WHEAT ENDS LOWER AFTER SHARP RALLY Action of Market Is Disappoint ing to Owners Pressure Conies From Old Sources ok vin iii.it ivK.vnii.it initi'sr (UK At. II. lel.KI. The neullirr f.ire it for Iho n-r lulrl)-.l limiri, fnllnu.: , IlllniiU In nirtli fjlr, In onutli tunUlit nnd JtnriIii. rlsliis temnrrtitiire. Vtl.oaorl, Vnrlll Hinl 'toillll ll.lknl., 1 . .rttlfd tntiullt. liroli.lbl hnon, (olltrr 111 ril mill Hiiroier e.i.t. vtlnne.ol t I'rolmldv Unlit .now lonliclit nml (itiiniil unnner tnnlslil. toliler n1 uril n. Nfliri.lul I'nrllr (Intiilj Innlaill, Marnier In miiiiIIi, miller iitnrilm, l.onniH .1 ilr nml u.irmrr tmilclit, inrlly rlmiib' hjlnrilli , eoliler. lone ( p. rlllrd toilclit inul Snliinlio, runner tonlclit, wnrinrr hvluril.i). t'HICAOO Keb. in in tew of tlio .strength esleida.v the riitlon of the wlieit muiket tod.iv wan disappointing to nwnei Tlio clotp, was easier, following a nhaip lallv after diop. Theie was plenlw of pieauie fifiin the sann" sources that have lieen mi the ellliig side foi many vueks, ano It wm rieirei'lng 'I lie teniporii Imptnvrinent was du to loveiing on fe.ir that w. inner weather uld ieve.il pel Inns damage to tile vt Intel pl.int In pails of the hell Hullt took nd varilngo of light offeiiiiH to help tho lisp, hill nelllrg was renewed latei .n analvsls of tlii taltioail situation by blikeit does not Indlialo niiieh lielef to Iln- gtaln tiade hole, although Ihe action taken lo Impinve louditlons will help the noilhuest and amelloiati- londltlons In the Kat May moved up lo SI "fi", after having been as low as $1 7-". cloning nt SlT'.ffiS, lompaied with $171", jtstei dny s last pilte July lose lo (I 5ni. alter bavltiK lieen off lo Jl 47'.. finlKhlng at SI tSi, to $1 18, ngaiiist Jl tin; nt the endl e"!telda September nilvnuced to l.:i!M.. after h'lving been down to $1 37 'i, ending at !"',. compared vlth $1.39'., jexler day h llnal quotation ,ni1inff futures ranged aa fotlnwa Wheal Tr Opeo HlKli Low ('lo. tlo.e. May , 1.7 1,70'; 1 7J'. 1 71. 1 7T. .lulv.. H91, 1.1(1. 1 47. 1 IS'. 1.4'li-j bem 1 ItS'i 1.311a 1 37'. 1 .17". 1.S9'. t'orn (nfw dllv.ryl Mm . l.of. 1 nj'i 1 no', tl oi l.oiS Juh l.lin', 1 oil'-. I)!)', out, tl mi'i Oala M.O . R7' MS . 'M r.T'i July 3',". Br,S n4 t.lHj R5, Mn . " 10 07 1S70 IB (12 'IMll 10.72 Juh 1 7ft 1 8.-, IB 72 10 8." MSW Itlba Mas . 117.' 15 7.1 11 SI 15 7.1 1.1 77 Jul 1.177 15 8.1 15 77 115 81 t!5 87 I'nrk lv . t2'l RJ 20 01 29 70 'Jgil 30 00 Jul . 20 21 29.3II 29 (17 'Jll 30 '!" 30 llld. tAaked 7 N. Y. BANKS (IIN CASH Increase of $21,827,000 in Fivo Days. Interior Movement About Even Nl'.W VOrtK, Keb 16. The known move ments of money for the five bank statement days of this week, ended with the close of busjness yesterday. Indicate a gain In cash by the local banks of 21. 827,000 after al low Iiir for tinnsfeis to (fan -'ranclsco of $1,500,000. This transfer represents a ship ment of gold to Japan. The banks broke, about even on the In terior movement, showing actually a gain of $391,000. They gained fiom the Federal Iteherve' Bank of the Clearing House $12, 578.000 and received on balance fiom the Suhtteasury $8,858,000. The total lecelpts ut gold this weei; amounted to $37,400,000. 'and the known novements cover onlpait of yesterday's gold Impoits of $12,000,000. MONEY-LENDING RATES NKW OltK Time money on good mixed Stock Kxchange collateral van un changed today at 4 04'i per cent for sixty dnjH to two months. On Industrials, 4'i1 4's per cent. Call money openedat 2! per cent. PlllI..nF.r,PlllA Call, 3 per rent. Time, 4J4'i per cent. Commercial, three to si months, 404 li per cent, LONDON Money, 5 per cent, up 'J per cent; discount late for both short and 3 months' bills, S'4 per cent, up H per cent. .VIIW YOU.K, Teb 1(1 Covering of shoit", Wnll Htioet uujlnj: for the nccount of Liverpool nnd better cables than due caused film tyine nt tho opening of the. inlton nmiket today, nnd prices ndvanccu 0 lo 10 points on the call The supply came fiom commission houses nnd room oper alois, but was not sufficient to supply the early demand except nt advancing levels After tliejutll the higher prices brought about what might be termed tho usual PICFsuip fiom local operators and by the end of the flrnt ten minutes' of trading re actions of about 6 points were rccbidcd. The higher Liverpool c-abjes insplied very llllle buying I.lveipool wns n tfood buyer here, but lotal tiadeis weie more Inclined to sell nn the expectation of- a fnlling off in expoils and tepoits from New Orleans that the freight rate to I.lveipool was now (pioted at $3 50 per Jiundicd After selling nt 16 ill on the call. May nintiaUs broke to lr.SI low mil noon, while Miuch Kold off lo IS "0. Next Kildny will be the first Maich no lice day and theie was Mine scattering liquidation of the near position, which prob nblj encouraged prrt of the local piessurc against later deliveries. .Vtiirch . . , Vsy .I'll,- (liliilirr liTinlii'r .Jlut . . Han Company Declares Extra Cl.UVIIt.ANU Feb. 1C Cleveland Aklon Bag ComiMliy legular qunileily 1 per tent plus i of 1 per rent extia, payable Match 31 to holders of recotd March 21 Via Hos Open 11 a m 12 m 2pm . i.isi mm . ir, hj 1.1-n i.i n7 ino.' lit ol ir, mi ir. mi .. Ill III) ill IIS 11101 1110(1 15 11(1 . I.K.I 1170 15(11 1.158 1.1.KI . 1.1 7(1 1.1 SI .. STANDAHD OILS PAY EXTItAS J.OtTISVJM.nKy.. Feb. lC.Tlie. btsn daid Oil Company of Kentucky has declared the tegular ouartcrlv dividend of $w shtio and the usual $1 extra, both payable April 2 to Flock of record March l; n0u cloe March 15 ard" reopen April 3 Tile dliectors nlo declared n special dlthlemi of $100 per shaie, payable May 1 to slock of record April 16. Xew slock will bo rffrred to stockholders nt par, nnd they arc author. Iscd to pay for same by applying tneclal dividend of $100. ' ' CI,KVi:LAND. Fob'. 1C The Standard OH Company of 0ilfi has declared lh nsi. Inr nuaiterlv dividend of $3 a share ami usual e'Ura $1. both p.tynMo Apili ;. nooks clore Maich 2 and reopen March 22. SAN FHAXCISCO. Feb. IS J- The net earnings of Ihe .Standard Oil runinany of Calliornln for the yenr ended Deccinlirr 31 were 17.nn."i.3fi, an Increaso of JS.07S.358 over the pievlous J ear Superior Steel Earnings Good The Kupcilor Steel Corporation lepotlj net earnings applicable to dividends for Hit months of December and January of $t;n,. 515 After nllowlng for Ihej prt of the 8 per cent per milium dividends on the $3,500,000 flist prefcrted and $2,000,00(1 second preferred stocks outstanding and sinking fund requirements, which nr' liargeable to the eainlnga for IIip two' monlhs, there Is left $335,712 applicable to dividends on the $6J)00,00 common stock outstanding, or at thelrate of more than $3 per whare per annum Extra for People's Natural Gas PITTSHCRGH. Feb. 16, The People's Natural Gas and PIpcage, Company has declared an extra dividend of 2 per cent, pavable February 26 toj stock of record February 21. Tin; I.QD1TAIII.R t.ut. Assunwrrc 0U1EII or Tin: umti'.ii ntatj.s Offers sn oniortunltv for a man who und-r-atBnils Insurance, who-has a lame acnualntanct In Phltudelphln. who la cnprfble of managing- an Acentv. to nlitaln r salarlrd position. 'In rtplr Ids', el ft bualiipas tprlence and reference, K P I.ANOI.Ky. ARfncy Puprvlnr. 203 Commercial Trust IIMj.. Phlla. Chester & Philadelphia Railway Co. (Chester Short Line) FIRST MORTGAGE 5 GOLD BONDS Due July 1, 1940 AUTHORIZED AND ISSUED (Closed Mortgage) $600,000 FREE OF PENNSYLVANIA STATE TAX a Intereit payable iemi-nnnuslly January and July lit without deduction of NORMAL FEDERAL INCOME TAX PKOI'KKTV The Chester and Philadelphia Hallway Company owns a line of street railway approximating 15.2 miles of track, extending fiom Third and Market streets. City of Chester, Pa , to a connection with the Philadelphia Rapid Transit Company at the southerly limits of the City of Philadelphia -and branches. OPERATION The property Is operated by tho Philadelphia Itapld ' Transit Company under n agreement extending beyond the life of these bonds, one of the terms of which Is that through service be maln talned between Chester and the heart of the city of Philadelphia. Tl'RRlTOHY The propel ty serves that prosperous Industrial section . extending along the, Delaware River from the City of Philadelphia to tho City of- Chester. Within the territory ai4 located the plants of the Baldwin Locomotive Works, Belmont Iron Woiks, Tlndel-Morrls Com pany, I.cslcr Piano Comp.my, IWdj stone Munition Company, Aberfoyle Manufacturing Company, lMdystone Print Works also the Westing house l'lectrlc and Manufacturing Company and Sun Shipbuilding Com pany In course of construction. FHAN'CHISI'S Franchises are without limit as to time. KAUN'IN'OS Earnings reported for the year ending December 31, 1916, . were over three and three-quarters timet intereit requirements. Listed on the Philadelphia Stock Exchange v. v Price.to YieldOver 5.10 , ,v HARPER & TURNEL MARTIN & CO. 1000,1012 Stock Exchange Bid. 1411 Walnut Street, PHILADELPHIA "- PHILADELPHIA I '-T- DIVIDENDS DECkXltEl) MaiSafc -'t.-ai i , ' V-ii-ri Jto't!irrn rViiff i1 i n-ViraaaaaHi;yirWaammaiT rifiiiTi - BAK CLEARINGS Hank ctear'nsa today Compared with corre spOnilinK day laat two )eirra: . miT into mi.-, P.illadelphla.fJT.tiTT.iioi liiii',7;t j;.t oil) nnl ltoaton .... 41,4riAHi3 B,RT4,jii jt.r.jt n--New Tork,. 4U 1.008 Kitil 4RA,I04 oi'.rt ilia, 714, niK I'hlrato .... (H,-.'K8.:ot SO.H.'S.ORO 4N.(17 nnn IUlmoro .. 5.861, 13!) n.SS.I.IITU 5,1 18,775 FOREIGN EXCHXaV(GE NEW YORK, Feb. IS. The wtsn ex thange market In theearly dealings today reflected a continued dullness, due to con gestion Of freight, resulting from the block ades of exports, but the -tone 'was In the main -steadier. Sterling and francs were unaltered, while Teutonic exchange, pesetas and rubles worked a shade higher. Q-roUtloiis; , Demand sterling 4 T6 7,16, cables 4,76 7-16 ; sixty-day bill? nominally 4.72 !.. nl .ety-day bills 4.707 Frnno cables k.13'1, checks S.S4H, Itelchsmarkcablea 03'.,, checks SI, Vienna cables 11.03, checks 11. I.tre cables 7.:CU, checks 7.27. , .Swiss cables S, checks ,01, , Guilder cables 40 11-1, checks 40 W. Pftctai cables 2t.lt, checks 21.08. Ruble cables 58.7G, checks 28.6?. Stockholm cables; 2D, 65, chocks 29.15. Christ Innla cables 21, c'ks' 27.00 , CotatohaCrB eabls 2I.tf,' oiimIui J7.H.; V " " r r rJnimt7f&M"b flrj-tr imWju, (Sj'HBaiMBfHHnMKKHHHU !iaaawaaa4aaa8aKaaaaaaaaaQaiSl. 'JM'MSSBffCvMaaaaaKilMsaaal aSaHCSaKflTO -J-fUy. Income Tax Dairs of Grace i lOwing ' to present disturbed conditions the Treasury Depart ment has granted nn extensio'n from March 1st to tyay 1st for filing Income Tax Re turns for 1916 by non-residents and Americans travel ing abroad. Personal .interview Cordially Iny'ted. t Commercial Trust Company City Hall. Square ' ll (. ' r 'V . y iu.i 'Kjj STrJ1? '!' )i h i' IV -'