m? r'W V &-SJLJU 1 ji-i 1 1 ' EVlHVG LIiJDGEEt-PHILADELVHIA, WEDNESDAY, jAEBRUARY 21, 1917 pr a WW f ,5 ', cTV- :'$i,es Shall We See Dollar Silver? )rTln( touched tho highest point in S4 car with the demand outrunning the supply probability will need allver In larger quantity that Kurops alter the nnd tlie for hard metal Silver ia again attracting tlio at tention of investors. Tho possi bility of n still greater advance in tho future ia treated in tho Kcb. 20 issuo of the Jones & Baker Weekly News Letter. Send for it. Ark for 710-T.U. JEiES& BAKER stock nitoicnna Widcncr Bldg., Philadelphia Bell. IVaL 1C0O-U Key., Ilace 5290. Nw York Iloaton VChlcago Pittsburgh Direct i-rlvot TVIrr J0XE3 & BAKHn. Widener Bldo,, ritltadclvhln, Pa. Tou may send me the Feb. 20 issue of jour Weekly Ken Letter 710-T U. Kama ... litreti .. cltu Ktate, To Yield 5.50 The Twin State Gas &. Electric Co. First & Refunding Mortgage 5 Bonds Tax Refundable in Penniylvania We will send on request Circular No. 2508 - A, which describes in detail the attractive investment features of this bond. William P. Bonbright & Co. , Ice. MORRIS WISTAU STROUD. Jr. Manager 437 Chestnut St., Philadelphia New York Iloslon Detroit l,o n don PnrU IVm. r Bonbrleht &. Co. nonbrieht A. Co, Income Tax Service An Investor's Guide i For the use of the individ ual wc have prepared a booklet embodying a simpli fied interpretation of the provisions of the revised Income Tax Law. It contains carefully de veloped forms for perma nently and clearly record ing all items of the report which must be filed. As a feature of our indi vidual investors service a copy of this booklet, PE-98. will be furnished upon re quest. The National City . Company 1421 Chestnut St., Philadelphia Hew York Catcics Sin Friacltc Beaton Pittsburg The Best Bonds for the conservative pri vate investors are in the majority of cases bonds that give the maximum income consistent with sound security. Let us send you a few descriptions of such bonds. t . &0llarlt$o. DANurns (Eatablllhed 1837) 321 Chestnut St., Philadelphia Pittsburgh Beaton Chicago Wilkes. Darra Heading ' THE STRONGEST GUNS Contain a percentage of MOLYBDENUM and their life" la TWKM'JC TIMES ,'uhat of ordinary pun. .... Demand for tbfi aluable alloy inert ' for hardening ateel will be GnEATLT ;, JNCIIKABIID by the proapect of war. STEEL ALLOYS CORP. Owns Valuable Molybdenum f I'ropertle and la" constantly receiving offer for Ita entire output. The stocl; I now Belling around 18 4, Hi 1 strongly recommena ita purcnaae. Writ for Bookie' and teller JL.-I E. H. Clarke Morton R. Alexander u IBjaldant Partner) 2. M .'.Jiiyjiy bww. TlrrIUlK Bt. . t. New. York - , newarir, r. j. rhiia.. r. i1 7T TESTING FINANCIAL NEWS SHORTS COVER AND ADVANCE PRICES, BUT REALIZING BRINGS ABOUT LOSSES Professional Element Turns to Selling Side, Helping Along the Downward Movement Trading in Bonds Active, With Narrow Changes Ni:' YollK. 'cl. Jl. T'ip iniirkot khvp mi liullunlloit tnclny of what t.in happen vvlieii tho nlioit Interest becomes ttnvujy nntj miikcM nn effort to cover. Tho fact that tlirco stocks loaned nt a premium In tlio loan novvd on tlio Stock KncIimiro last night nm! that many others wero tit urgent demand Minted, loom trmleii covcilnp; at tho opening today, nnd this tnovcnicnt vvm Joined In Liter by r.omo of tlio laiscr operatois who lire now sojourning In tlio South. At tho higher levels, which weio quickly cstalillilieil, realizing hales nppcntnl In mibstnntinl volume, many of tlio lecent Iu Ors being unable to withstand tlio invitation to tako llbcial prolits on purchases mado a week or fo npo. This tealUIng was effective In checking tho upwind tendency In tlio call trading and turning tlio advance Into a decline. It was not lone befoio tho Initial pains wero lost, nnd when tlio reaction was lit ptogrcsn. tho pio fcsslonat clement tinned to the celling xlclo nnd helped nlong the downward movement. Among tho Important price movements was nn advance of 3 points In Heading to BC'i, followed by n icactlon of mpro than 1 point. ICcvv Jlaven lesponded to the nirnngemcnts for meeting tho maturing noteH with nil ndvnnco of moro tlinti 3 points to nbovo II, but most of this Rain was lost In tho Inst half of the day. Similar advances nnd icccssluin were noted all tbroiiRli the lost of the list, with tho inajoilty of Mocks endlnj; tho day MiovvIiib fractional net losses fioin cstcrda'H llnal Uruics. Soinu ttocka, IncludliiR N'ew llnveu and Utah t'oppor, nah In tlio moi nliiR nt tho hlRhest prices i cached lit homo time. Tho Mailno Issues wcio weak fioni tho stall, belnff supplied nt it uteailv icccsslon bccnurii of the niiuouncciiient of tho c inc cllatlonn of the 1-nlllr.K of American cs.els TradlnK In bonds was faiily active but price chniiROs wen- vlthotit much Impoitnnco and In the activo Ismio the Itucluations veie routined til nuall ftaitlons. AiiKlo-rrcnch r,s weic tt. tiled In nt !)L"i to ni'Vs nnd fnltcd ICIiiRitotft L'scar C-per cent notes f-old nt !risi. Tlitie was n moikiato amount of business in Southern l'acltlc convcitlble In at t:'s and S".,. IRREGULARITY ilARKS CURB TRADING; MIDVALE AND ROCK ISLAND LOWER m;v voriix. i'Vb. :i. There wero hresular movements on the T.ioad Stteet Cuib today, with some .stocks In .supply at concessions while othns wcio in Rood demand and made substantial Rains. Somo Interest was nttnehed to the continued offerhiRa of WrlRht-Martln Alrciatt, which linil a fut titer decline of 'j to tho new low rccoid of 10. ..,,-,,, Mldvnlo Steel, which sold eail.v at SSIJ, chopped to u,.. and Hock Island rcw ntocK, nfter helllnR at 3T'i, it-acted to CC... Some of the Independcni oil Ftocka .xro heavy, Mcrrltt diopplnc fiom 1U'3 to IS. wllh'a lally to 184. nvi.u, cni.i m I1U nnd 11. Pales of Cosdcii .t Co. wcio inado fit lo't nnd LVs, and fo.Mlcn OH miM at UN and If,. Somo of the mlnlns Mocks lcllcctcd nceuinulation, with Ohio ToppT one of the stroiiRest fcatuies traded in on a UitRO n-alo fiom I 5K, to 1. Stewail MlnliiR which has icccntly inado home important iuWitl.im to Its holdliiRs. sold nt . Hutto Popper and Zlne declined fiom !',fe to OV. Mnuma dropped from f.l to R0,i nnd United Vcule i:tcnslon Fold at 30'. to S8V. American Humatia. continued pionilncnt, ndV.incins from Wi to 2fii; Sub. mailne lose from L'5 to 2r.'i. ami l.aie lorpcoo mu m .. .- .-,a. i,n...,int ndtHiicisl fiom lin to 11J. United Motor .sold nt IS1 and 12 Intel national Taper first lefundliiB '- traded In nt 00j. JMllTIUAl.S sold at 9. JJethlchcm Steel Cs weie Aetna i:ploslcs ,, Am-llritMl MfR ... Am Marconi Ameik.in WrllliiR Taper Can Car K. I'My Cm Car & 1M prct..., Chat coal Iron Chevrolet Motnis franip Shliibullilltii; .... Cuitlss Aeioplano Umerson I'lionoRiapli . Federal Dioiturf ll.o-kcll ti H.ttkcr Cat , Hendce MfR Kathoillon Rtonzc pief., Lake Torpedo Moat ..., 1-aurel Oil & CJ.is I.tma Lnioniotlvo new., Maxiia Munitions M.trlin Arms Mldvalo Steel , New York Shipbuilding. Otis Ulcvntor l'ecrlcss Motois l'oolo UK M Set ipps-Booth S S KretRe I Santa Cecilia Santa Cecilia pref Stand Motors St .loM'ph Lead Steel AIIo.ns Submarine Trl.uiRlo 1'llni Todd Shlpjaids United htit'.ir United AlbV Steel U S Steamshli 1. nitcd Jlotors United rrnflt .SlinriiiR . , World Film AVrlKht-M.il tin Alrci.ift Zinc ConccntiatliiK Am i lose I'.l A!t d 4W) l','l li ll .-, i : ' :i 27 1 ii r.'i " 17 a i ;i ;n n h HIS 111 lit 71 HI si) tn lo .. .. ::i in 21 27 a i K,li II H',i i .VI ! 1 ait'.'j M 3B; ."7 ii 10 121', 211 (l' l.'.i Hj sn 21 41 ll-Vi Ill .v.-) n an Hi 17 KM) . III 2H 1 !)'.'l !, 2.VJ 2 '.'. SI) :UTi IP.': Vl I i II) :i)i in K'i 2 I Vi :r,ii M 11 3! JlAll.ttOADi .17 Sll 71 A.I 2.1 .-j.l Ilock IMand eominoti . . . sa Jfocl; Island A pref .... si Hock hland B pref .') AVestdrn racillo w i..,. 2D AVoxtern I'aelllc pref.... II) AVnlush ritUliUiRli .... 20 Wabash I'lttsburRli pref 50 stam)AIU) on, yrothi Illinois tun Kit Ohio ...uuii :ioa I'icrce Oil 13-i la I'rairla I'lpo 33" 3S S O California 3uii 3IHI S O New Jersey i.us 7no H O Now York 300 SO I 330 (ton 300 IMII.I'lJMHi.M Harnett Oil and flas... Codeii (HI nnd Oaa. .. Cnsdeli fz (' Kcdeial Oil .. ..'.... Inter l'ctioleum Ilnustuu '111 Meirltt.oil (iklahom i 1'iod .. 11. . (iiaRo Hominy Ito.v.il Dutch Sequo.U .' Stiu'lalr West i:nd Oil nnd Lias. Oil, llf.1. 11", 12", I!) I Si,', II m; Ml, j I 11 r.e.T, sroi i;s Ark.. I !i :i l.-, ir.ij S", 2(1 Ills ') III I7 57 3". . loan ISil"l 2"h I in, lj 5! i I'l I'll', I I "V 'i ii: i .-.IS( 2(1 NO olflt'KS JUS Alaska Stamlaid Atlanta Ills Lcdso Iilhce Cop la pi hsji) .... Hutto Cop and Zinc Hutto N V Calumet Jerome Consolidated Aiisuna ... Dundee Aii7.ni). i I.'iiuu.i Consolidated .... I 'list National I'loieiuu (joldllcld lllolio Doniiiiiuu Ooldlleld Cons (.oldlleld MorRcr (Jrcen Monster Ik i la Mining llouo .Sound Judcpemlcnco Lend .... Jim Iiutler .liiiubo Ltcuslflii Kci r Lnko Keamt Mcllnle-Ianagh M.iRin.i Copper Mother Lode Mines Co of Aineiku ... Nov nil i AVonder NipNsitlR lay Hercules ...in Toy Tonop.ili UxtPiiiou West laid Con Wlilto Oak IHIMIS Ctid.ili 5s Cello do l'aeu (.a I Cosden Oil Cs 1 ComIcu v. Co new lis.,,. French Munlc s Mldvalo Steel 5s Itusslan ". ' . k itu'slaii rjs Sinclair Oil Us 1 Todd bhlpjaid fis 1 Western l'acillc new Ds.. U S Itubbcr new Cs Inter Taper Ss U0i 2". :u 2t) I :t i iy. ii !, ft n i i U i . i in; !if !', i '. i "i . . I'll !! MS 2 2"s 2'.h 1 14 I I 'A '"j Hi :t .lj .. 2(1 2V "j ; ; ni n hi 7'i Hi I ft l'i 7' S 7ii "!i 7 ill, I.-. 1(1 XII SI St 2S ail 53 li ft 17 1!) IKJi ftI ft", ft! ftllli ftl'i ftlifc 3!) 411 40 1 Th 2 H 1-Ti 2' .. K'fi s.' s ; m p., i',, ii in n :; is !; o", j nn .. .. !) !I')U ,. ll:; J ii. i l()7'j JIIH'i IIIXIj 1(1.1 Kill j .. ! Ill 1)1 !)1 DO Ilft7, II Hi 01", I) IT!, !', S1,4 KSii IK) 110'i ,, 10(1 lot li Vi DO !)IK.t)l Dili NEW YORK BOND SALES 1117000 Anelo rremh 5i .... 2UIHI Am i'orelcn Heo 5a... 4IIHI) Amer '!' 1 clt la .... 8'iOlHI Amer Trl r mui Amer Wrltlnu I'ap 5a liiniiil Armour Co 4'ia ... 13UUO Atchiaon Km 4a .. . 'joiiii fin adj 4m . . lliunip Allan Co l.lnn lit 4a 14IHIII Halt H Ohio 5a .. .. 11)5110 do 4a lUIMHI do V liH ... (.(itiii item steel ri.i ..a . ''(Mill llrnok llap Tr 5a . lllilil do 5a IMS . . aoiiil Can lovt 5a Iti.'l 1400U do 5s lO.'U llliilil Uo 5s 1UJI .... .tllllll C U U Bs . . . . J3II0O Cent Lenth Jt 5a. Jllllil Cent llll N J il . 170(H) Chill Coppr 7a. . , . 400U cnes u unio i',b. C.tlHIll do runv 5a . lllilil Chi & Alton 3Via , KHIO Chi (It VVrat 4a ,, 2000 Clil t Nwn MVia.. ism do sen 4h ...... 35000 Chi Un Hih ilia.. Uiioi.ii Chi ll q Joint 4a lllilil Chi ll 4 Q res 4B.. lttOOO Chi M t Ht l 4a 111 lllsh. !I2 00 s, UJ liUU I tm OJ't lilW Ml II2V-J .luit ... o.'V4 ... l I '-a . .. us'. ...IIHli-i l ...K'.. I . .. I'H'l ... I'T'.i ... iis ... o.i ...11HJ4 l ...111 1 ...1 Ml 1HT ti'.iVa ' 70S St ti5. 1011',. IIH hft"i in .sum) Cht M St Ht 1 rfd 4i,ia vtt 3500 do conv Da, 105a Sluisi do cv 4i,4 ii''U 2i(io do a-eii 4Via lul 1000 Chi It f & 1 rfd 4a... 75. 7tHIU Col Jllillani! U T 4a.. It. 8000 Chi Itwv 5a 1)7 '.miiiu city of rsria (la na'i uoiio Cuban Am Sugar (.,l()li kooo Del & Hud rfd 4a ,, UT'i isuoil Ken Ii. ltlu Or 4a Sit. luoo lien as jtio tjr m... "... 70000 Dla Secur Corp Ba,, OH'i loouo Krie conv sa i iuiimi 111 Rteel deb fionn inHiMn.. Rt.el r.n.m ill I, nl 4m 1U53 R7 loooo inter Met 4V 7n 140(H) Inter K t ref Ba .... U8 loon Internl Tair .U.....loy, 8000 Jap new U H 4iia...,, 7Ji 'SOUU IjickR tltrel Ba 1030 , 0.11. MI1VI la.lAla rlua T-fil ft. ..Illll 1MHH) Lit rib deb 4a 10JS... tll'.i an ten sa juji.,... hi ,h V of N V ma -(Via.Hil cwiat oa,.iM. a,., SI .. SJ1 ..101 J4 ll-'i .10 ur .,, n-w Corp Ba,. (li 4a a-r O... 7UU deb 4V4 02 Iteel Ba Kl'lVi lOOU N T Air Ilrako rv l.s. UOOO N Y C L S 3'ja.,., POO) N Y C M c col 3Wa. 1000 N V C S, 11 3H res. I.Ollll llo 1.3 , 00011 llo 4s , 1000 do 4V.S 30UH N Y City 4a 1057...KIO1, 001) do 4a 105S 100 201 Ml lo 4'4n 1011ft 107si 1000 do 41. a Nov 11157.. ins 5000 N Y C.ia II t I 4a... fcft loon N Y N II & II cv 3Va Bh'i ,1111)0 do 4a 1055 IIS 11000 do Gs lOtii 200() N A' Hwy ndj 5a .... 30',4 2VIIO N Y Tel sen 4Va.... HI) 50011 N Y W C &. II 4',iB.. I.T4 limn Nor Iic prior 4 ... Ii4 L'liHI Ontario I'uuer 5a .. IIJ'4 aoiiil Oro hhort J, icf 4a., ll.l1- ...1I10H lllilil IVi. Illo 'lel 5m 4111111 Pennu 4a lots .. .. llll . Oiioo IVnim Ken tt 4Vja.. .ItiJta 2000 lVo & Kaat In 4a 7ll 211O1I Headlna Ken 4a ...., Ill SHOO Hrp Ir & H 5a 1 HOj mini Illo Or & VV lat 4a,, Ml. IO1111 Itwy H Kpga 5a 1UJ1. .lnil'. 5001) Ntl.iH F Bit (...... 7JVi H2IIOO Ht I, & V Her A 4a. iinS Jliilil uo per 11 ,. no r.unu isoutn 1500(1 Houtn 2(iuu uo 14IIUII Kout 1170IU) Bouth edoii tii Innnil T'mu 11.1011 Tnirti jve rci a.,.. m 10011 . do ad Ca .,, 70',. 1000 II H H & It lla Kill., 40011 11 8 Ilukber Ga,, 10'Jj; 31001) U H Htel a f (la. . ..lliil'j 5000 Union I'ao lat 4a..,,. 1)7 1200(1 Union I'ao rfd 4a... Hi noon tin Itwy. fi T 4a ,,,. 41 7IHMI U K 11 II k I Ba .... Ol'i 1 ; 10011 do 13SIHHI do KINOliil do i 3T.0 lllsh. Low. I'M. 103'a 103ia KU'a Ml 77. IDS', H.' 07'i 1001. ion unh 10s sY. BSU IIS lot MJa libVa nil. 11 1(4 1UV4 ii.tr KioJ. lonVa in-",. 711 lll'i moil son I7U s:.i, tl 7 8: 10') - 07' i 1W) loo 107". 108 W BU'i OS 101'. 39J, 1,0' j 114 V4 tu'5 VMt KiuS Kit HiJ'i 7(1 lll'i lno'4 soil mow 72V4 HSU Ml New York Stock Sales' Advance Kumcly.. Alaska Oold M... Am Apr Chem... Am Hect Sugar ,, Am Can , Am Car lAlry,. Am I.xprcss lllsh, HI o 4 tJ'.fc 5 14 IK) Am llldo & Lcatlt, f, do pief mi; Am Ice See 3(1 Am Llneed ..... Isi Am Loco 72a; Low. in ism noli H!4 1 1 ',4 ni'.i 11.1 if ni 2. 114 IS 4 7114 loi' ', 51 10015; 11: ii'iM I5 J4 ill i2',; 309 17 1591 IH'l 7!) 74 V4 Net Closo rime. K1 14 R4 01) !4 ',4 8R!4 1 4 Hi '.4 H4 i os 11 37 .17 'i "; hut; 77 120 llftU, 17 V4 do pief ...... .toti; Am Malt to .... Ai( Am Smelting ... KU"', do pief 11; Am Km plrf A, . , 110 Am Steel l'dry... ci.t Am .iiiijtu 1 1.1',; Am Tel & Tel, .. . I2.1V4 Am Tobacco . ... 30:1 Am AVool 47'7; Am W.t Tpr.i pref in Am Zinc S. Lead , :i!) Anaconda sni', Aim Oil 731 Atchison 1 DTK, 1 1031; 00 pret Atlantic 11 ft A Atlantic (1 K. AV do ptef Maid Loci Co... do pref Halt & Ohio .... do pie' IMirrtt Co lletlilehem Ml A do 1! vv I . . Iletlilchcin Steel , do llfihts . . , , llrnok! n It T , ., 11m lis Urns ,,,, llrusmvlcl. .. Hulto tt Sup Cop Cal IVtrnlcuui .. do pief , c.iiiaila i'ao ,,,. 1 en Lea tin r . , , , 'Vi 10 do J'ast t i'h( ia fe Ohio ... Chic (!t Wct . . . Chlo 01 VVst pfd. Chic AI ,t St 1'., Clllc ,L .Noillmcst 131 do pief its .... 1 if, Chi 1 IS I .V. I' c dp 20", Chill Copper .,.. 24'i Clilno Con Copper, fin"), duett Tealioily .. Col Tuel ,1 li on. ,. Col f.'as K. Illec... Col .1 South Con illll.il'JI ('uiiiol (.as 1 'out Can Cont In'i Co Coin Troducts . ,. 3214 do pief 10. 1 , diielble Steel . . 07 & ..100', .. H74 I tin?; .. 581). .. .Hid ..101 1 iss; .1211 . :i7i .120')', . in I7i . 217; . 51" .lift I', . SS'm . II . (KIT, . I! . 5(1 n:vi 'OTn 17' ni; 2114 I ..ITh i.mt; 113 1', 110 12 nt 3rt IK 14 71 11)1", Mil 1005; I If, i 001); ni 14 lll'i 121',; 20!) -i- ii"; i.iii iiiii 73'; H)31 1(111 M 113 If, .17 '4 Vf), llll T . , 73 7, 1211 1IHTJ, 1171 li Ii 'H 111 1 14 'S. '4 I -Si Hi .1 ;ij 21, 1 li IH (.11 ti llOl'i III i7; 21 1 )-. .VI Hi 11 1 11, N si,, I Va hr luf 111 f mf mm IH (Pis. 117 III H'l 21 B.I 1117,. Hfl', mvi ft:i", Ml, 31 Sll, 1 30 H4 SSli 23 '4 ft.11, enr; 10 1.0 13 r.n m 1 30 IH -I' 1 H I a; '4 i; Clllnn Chip hUR.ir !.!? 00 J", lll-f, . LP', Silt . 30 . 2(1 . 27 1 . Hli . 3 1 . 13'', . 3.1 t; tun, . s'n, . ft!'i .10') sot; ueil ba.,, ,,,, jiiii'. Jiiui. Jim'. i'ao ty 4a s.-.i s..ji bov ria ia 111-4 i'ii, iii?4 h I'ao tv B lot loo. loo'I h Itwy sen la.... 7:t , 72 72U con 5n lot1, lul '4 lolVj a I'n ev lla lir.'i 105V1 1IIV1 in 70H 100 Uli'i 1oh4 I) II li I Ba .... Ol'i Bli 1DS ... 0S'4 B'i lviu new,. 00.. altii 1010 DIM 5 tie 1821 05 4 114 7014 ion 10.' i 105't 07 113 41 114'i lis". 118 Il.-.iJ ,.ir to plcf Del f. Hud . Denver .1 It c, do prof .... Iiomn Mines . , Distil Sectir .. i:ric do Ht pief . do 2d pief . , Ued M & S ... ilaston AVill .. (leiieinl Mot-in do pref Coodrlth II V . do plcf . . irauby Minii r (iic.it Norlhcin pf 1 1 !!, (It Not Hi (Uo viihi n:i'4 (Jieeiic Can Cop. , I3'4 Oillf Stalo Steel .III Illinois Conttal . 10; Int Agrliul . . . !-,', Iii"jli. illnii Copper AH'm Intel Inn -Cons C01 I.Dh do pief (iO'Jh lot 1 1. in nf N J I ni liar N .1 pf. . Int Mer Mar ... do pref Inn ml T,ip?r . ,, hit Nickel Kan Cltv So do pfd Kellj-SpiliiKlleiii , Kennecott Copper Latka Steel I, II & W pfd ... LchlRh A'allej .. Lour Island .... Mackay Cos .... M.iv Motor do 1st pref. ... do I'd pref M.iv Dept Stis... Mc Tettol Miami Con Cpr. . . Minn fc St L m vv . M S T & S St M.. .Alo Kan .V: Te. .. Allss Tac ctfs . ... Mo Tac w I Mn Tac pr vv I . .. Mont Tower Wit Clk ft Suit pr Nat Unmlg & Stpd Nat Lead Nt Lead pr . , , . Nev Con Cpr .. A- Air Hiako .. N A' Central . . . N Y N II & II. V Y Out & AVest Norf South Noif X AVest ... Nor Tacltlo .... Ohio 1 las , Ontaiio Silver ., Tac Tel Tel..., Tenti It It , Teo (las S. (' ... Tere Main vv I. ,. Titts Coal ctfs . . Trcvcd Steel Car do pref . I'ulluidii I'al Car itv Steel Spring, llav Con Copper , Heading iten lion & Steel do pref St L & S U .... St L & Southwest 20 Scaboaid Air Lino 151, do pief Ill1, Shattiiik Ailz ... 28 Sloss-Slieft St & I ns Southern Pacific . 01 So Toito Itlco Sug.183 Southern It 11 .... 20 ; do pref 0114 Stnndaid Milling.. !)7 Studcbnkcr 101 Stutz Motors .... 18 Tenn Cop & Ch vv I 1514 Texas Company . .232 Thhd Avo II n.. 4l-7' Tobacco t'roducts 53 )', Tol Sf li AVcst ctfs 814 Un Hag & Tap new D.1V4 Union Tactile ..,.13'Jli do pref 8114 Unit ClRar Stores ooi; United Fruit ....14314 Unit Hwy Inv.... 8?; UHCII'i Fo.. 10 V S Uxpress .... 2n U S Ind AIco ...129?', U S Ilubbcr 51T4 do 1st pref.... 1089', U S Smelt & Hcf . fiom U S Steel do pref . , . Utah Copper . Utuh Sec Cop Va Car Chem do pref . . . A'a Iron G &. C AVabash do pref A ... do pref II . . . . AVclls Fargo Ux AVest Maryland. (I', 2ft I2l'i 131 Ills, 2 IT, '02", 019 1 l-'h 81 1, III-, 13'j 31 111 fV, I'l 2K'j 2.111 ftfl (.), IP Klli Hi 2.1' 2 H4 I LIN -i I'h 111 14 on, li 51 H I ii . HO',4 . 2'1'h . fin, . ".!); . 119, . 2'"; . 511 1 . 57 9i . !.-.; . 81 9i . 10 '4 . 7'i . 31 . SO . .. . (i'l- , :m , i.o . oi ' . 3!) . 3d .loo'; . 8 . 12 ...'.()', . 5 Hi .10 112 33 ; 5814 .ITJVi . 25 117 . no 14 . Pi . 2(1 . 21 .13014 .101 .103 . nii . 30)', . it; . 03 . 2) . 17 . 71 .101 .10114 . T)14 . 27 t; . on 14 . 80 .10! 2J Iii4 3: i:i'; 3.D llo 14 fc'l'j .17 in 8(1 '4 ill 33 7i i: no m: r.'i fti-' l.!' 111', 117'.- I Tli . :i, (,'i", 38 llij 3: '4 ft" )i IHh so to ',4 71 S' S8'4 51T.I CI 3lvi (.0 N'l 31I Jl 100 8 13 20i ft I '4 10."4 n: :in, ft7 11214 21 11 Oft 14 H9i 21 2ft not; in Hi HU n 80), 51 )i 113 28 )', 1.1 17 llll io7; 40 279; 03 781i inn; 22'. 20 I Sll ssy, 3714 n:9; OHi 183 IllJ'i (i.1' lill 80 li 111', !.1l.j 31 30 21'4 37'', III', i.i'; :nt, 1159. i.o , ft. ' un 80', III 3 1 i: no 102 I ft '.j 57' 13 nivi II7U ll!)'i 2.1 7(1 38 Mil 23 ftftd 57 ), Ift 801', in 14 71 :.) 8814 50 r.o 31 Si 1.0 8') 37 Ti 25 Kl!) 8 13 30 ft Hi KI3',i 112 33 58 II 2 14 2ft 117 on 4 - 9, -I', -1 1 1 li I. ! '4 I (I I 'i 11' !V", 9i 19 I- Vi 1 14 H, -"i i ) p; 9, t h; iu i',i -i 14 J li I li 18000- do 014 1821 U5J4 05U 5W 10000 Va CV Chin lat fta.looVi 10"H JwS JJWH 3USr,-U& 9'jM ' hi fl 1 14 07 ion; 47 1.1 ' 220 10 S3 81i 0.1 14 138 84,4 0814 142i 89i 10 20 137 54 10814 50 59 Vi .109 10814.10814. Hi .1189i 1114 "B9i 14 110 110 1 21v 2P,4 41 41 1 113 112 1 3014 57 1 ll'l 4014 2d 100 2.19! 40 IS-iJ -t 29, 2."ii o; 2.1 4 1311 -I 'j 10 Hi 101 1 1114 i, 30 Jl P,i 54'i 0314 ... . 289i ', 4nv; . K 77 llll I", min; i to 279; ll 03 s; is i; i9i 10J I 23 li 4 94 3(1 Tm isii li ail'i 4 28. 03 I- 14 Dili li 183 1 so H4 1 9i 07 li Hli 3 48 15 t; 239 3 I Hi 1 53 9i 814 4 li 0.1Vj 14 138 H4 9i oi4 ; H31i 14 89i 14 19 20 V, 12014 li fiHi I 10891 2 Sales in Philadelphia lllcli. Low. 100 Allla Insur 2H4 21 1.1 Am Una ..120 120 41 Am Itjs pf on 0P,i I Huff A: S pf BS 51 303 Cam Iron. 4.1 1.1 li Cam Steel. H)3',i 103U no U.lco Stta., nil', ni 200 Urle ..... 27 2n 20 11 Asph pf n.1i n.17i ft In Co N A 27i 2791 20 Key T Co 13 1.1 053.1 Lk Sup C. 33 21 in Leh Nnv I839i 391 130 Leh A'nlley 75 7.1 13 Lit Schllji 53 53 23 JHnelilll ., M14 H4 330 Nev Cons 2.114 2.1 10 N fl N 11 I2' lit; 100 Tenim 11 11 ft ft ft 114 30 IMilla Co. Stli; 3914 377 I'hlla Uleo 3.114 3311 89.1 TUT tr cfs 30 20 U ft Tlilla Trno 8i 83 100 ll.iy Cons. 277s 27 inn Ilvvjs lien, fl',4 14 MO Itcndlng .. !in 0P,4 410 Ton Mln. . 14 iT 31 Union Trnc 1314 4314' 188 I'n O Imp 8014 914 2503 U S Steel. 10914 108 1381 WXY&l' 21 18 3 AVnr IfcS 105 AVm Cramp 709i o Net chse, , , 1 li Clone, 21 130 1)0 5.1 15 103 V. 01 27 0591 21i 5791 1 14 4- 11 '4 13 2111 H39, 75 A3 MM 25 i: si 30 3114 209; 82 37 014 Hi 19; 1 '4 1 'i 1IONHS lin-h. Low 2onn Cltv is Ml 103 in.i looo do4s'in.in.''4 in:i4 1(11)0 (In Is '13 10H4 HI314 100 Llec & Teo Tr is .. 80 80 S300O Lk Sup inc 5s 5714 SIM 1.1000 Lih & N ll r.s 103"i'i 10171 32000 Leh A'nlley ions I'sS 20"! . . 100'; 10071 5000 L( h A'nl Tr pt 6s III 01 100(1 Thll.i Co 1st Bs .. iolai IOI9i 2I00O I'hlla Illec lemp r.s10314 103 70110 Heading RU Is ....j, op; 0114 jooo Stand Has & L'lec C- 101 M 10 114 0.1 ni4 4314 8914 108 21 0 10 Close, 10 1 102 10: '4 80 57 HI3 9 1 1007l 01 Hli''', 103 2' I 47 Nit 1 hsr li I 1 4 1 4 li ; 10114 4 li MONEY-LENDING KATES WAV AOItK Hates for time money nrc easier The trading rate for slst nod nluctv day funds is I per cent, nRalnit I to P. per cent previously Quotations foi four, live nnd six months funds nrc I to 4't per cent, tompaicd with 4 to 4',j per cent heietofine. These rates nro foi loans sccutcil bv mixed collateral; for lndtittlal loans ', to '3 per cent pet annum nhould be milled Ti line acceptances ale 1 to ..!,i for non cllgiblcs and Si to 3 pel cent for cllgibles. Call money opened 11 1 -' i 1' 2 ' j I'er cent 1MIII. l)r.l. Til IA Call. Si- per cent. Time KH'j per cent. Comiuetclal, thice to sK month'. Ufi 4 v.. ner cent. LONDON Money, i , per cent, up 'i i.er lent; dl'-count tales for both shoit nnd three moiitliV bills. f i fl .1 , pel cent, apalii"t 5'i per cent jcsleida. HANK CLEAHINGS Hank rlearlnas loday tnmpnre.l Ttllli rnr rci.pon.llnB tl.i' I;"' two J"'"' ,. riill idelnhK 1 Ho 1.371 112.7s ,307 IJ. IIJI.I" lln.lon New A'orl... 31.521) hill 41172 1.111 22 1,77S 111 '.'III 1,113 500 IOC 115 310 110'.' IJ3 FOREIGN EXCHANGE NT.W A'OHIC, Ueb. 21 Itelcbnnrks In the e.uly dealiiiKS in tlio fmclRii exchange inai ket today icaetcd to 01 U for cables. Checks were nominal nt fi!. Ycsteiday inaika tables sold up to 70V Uieiich cx (hanRe continued heavy, lellectlng a large selling older In connection with commercial transactions, believed to bo tottoii bills. Llro failed to show an Improvement nnd vv'cro (itioted at 7 30'i for cables nnd 7.31 for checks. Steillng held steady, Influenced by the J2S.DOO.000 In gold jti't iccelved 4't om Canada. The other markct3 failed to show any feature Quotations weie: Demand steillng 4 7.7 7-lC, cables 1 70 7-H. : sixty-day bills 1 T2'2, ninety-day bills 1.70'.. Franc cables 5 8P4, checks G.83 Hclchsmark cables G9'4, checks Cilli. A'lenna cables 1 1 07, checks 1 1 05, Llio cables 7.30'j, cheeks, 7.31. Hwlss cables' D 00, checks 5 01. Guiltier cables 10 0-1C, checks 401'., Tesetas cables 21 30, checks 21 20. Htibles cables 28,r.(). checks 28.10 Stockholm cables 21). 55, checks 20 13. ClitWtlana cables 28.10, checks 28 Chiistlanl.i cables 28.10, checks 28 Copenhagen cables 27.50, checks 27 40. llijr Gold Shipment From Canada NT.W YOUIx, Feb. 21. Oold to tho' amount of $28,500,000 has been received fiom Canada and deposited nt' the Assay Olilco to the ctedit of J. T. Morgan & Co. This makes JCC.IOO.OOO iccelved fiom Can ada since tho beginning of last week. Of tlio gold received today, $10,000,000 was pui chased by the Now A'ork Federal He- etve Hank. It will bo recalled that that Institution bought $25,000,000 of tho gold Impottcd last week. NEW YORK BUTTER AND EGGS' NHVV A'OltK. Tell. 21. KUITHIl Ilerelpta, ll'sll tubs 1'rkes irreRUkir. lllsher storlns. 4l'i41'i: rxtra, 1314c; firsts, 3s', (f 43c, Htato ''a!:(VaS lleccipta. 7761 cases. I'rlrea Irrcs utiir Tlrata. ln'ic, eeronda. I ill I0r white, tnfiine; mixed colors, 4U,ilflic. no chanse on other (trades BAR SILVER Today New York (centa) 775. London (pence)., 37 "i .QUIET TRADING IS RESUMED HERE; LAKE SUPERIOR THE MOST ACTIVE e ' Stock Gains a Little in Early Transactions, but Falls Latcrt Western New York and Pennsylvania Advances Seven Points U'niand for stocks which mndo yester day's market ono of the most nctlvo of the month did not last overnight nnd when tho Stock UxchanRo opened this morning there was a general falling off In trading. To bo sure, .Lake Superior Corporation stock was tho most active, ns wns to bo cNpectcd nfter the show of activity nnd strength cs teidn,'on which It was advanced nearly .1 points. Tho total turnover In tlio stock, however, wns nbout half ns largo ns yes tcrdny. In tho early dealings Superior got up ft little to n new high record for the car, but 'from tho ncllon of the stock when the high point was reached, 22T, there were moro who wanted to, sell than buy, nnd con frequently tho prlco fell back. All of the early gain was lost nnn a fraction moro. Then, too, tho fact must not bo lost sight of that thero wero a good many holders who got In when the stock was lower, around 15, which was the low for tho icar, and they had n good profit nbove 21). At tho same time the company's 5 per cent In come bonds sold up 1'4 per cent to C7',j. Next In lino of activity was Western New York and Pennsylvania, which established a new high mark, selling up to 21, a gain of 7 points for the day. Of the outstanding capitalization of $1D,972,75G, tho Tcnnsyl vnnla llallroad owns $19,439,001 It will bo seen, therefore, that the amount of slock In tho hands of the public Is very small, and It follows that ndvanccs and de. cllncs nio easy to effect. On tho previous occasion this xoar when tho stock became a( Ivc, It was reported In tho Street that Hie Tennslvatila was trying to buy up tho minority stock In tho open market. The majority of tho movements of prices were narrow all through tho day, America Gas, which mado n gain At five points jes tcrdny, fell back a point. While Phlla. delphla llapld Transit Trust certificates did xcry little, tho prlco gained a fraction, Tho general feeling In Hio street with re gard to this Issuo Is that nothing much can bo expected markotwlfe until something dcflnlto comes out on tho now transit plans. Lint 1017 A'es. Weil, lllsh I ow 7K', TK, 711 74Vl .IS 3S' S, 311 ....11214 .... 31 ... 4IM ....112 SIM . 12 91 . BOVi . 20 li .100 2514 1291 no --uyi loo 24 40 01 80 94 do pref .40 AVest Un Tel .... 1)4 01 AVestlngh Mfgi... 80 SOU do rights 14 AVoolvvorth HSM "H 1V4 AVorth P & M pf B SB BS 05 Wheel ft Iill 17M IT " Vi do pref .,.,... 46 4,1 40 3 AA'hlto Motors .... 40 40 40 U Wlllyif Overland, . l 94' r3S14 V4 .WULOntraL -a,. . 0 W'.i.'i. OlLSR FflNHEY AUTOMOBILE BANKERS Offer special facilities for In dividuals or automobile deal ers to flnanco tho acquirement of pleasuro cars; and for business houses to finance commercial cars or trucks. It jou nro thinking of pur chasing a car of nny kind for any purpose tho FINNEY SYSTKM will make a better business transaction for you. REAL ESTATE TRUST DUILDINQ PHILADELPHIA ANNUAL JIKKTINfW COTTON IS STEADY; LATE MONTHS RISE Sellers of Near Months Buy New Crop Positions Commission Men on Both Sides Ni:V YOIUC Fell 21 Hettei cables than due vvete disregarded nt tho opening nf tho Cotton Uxchango this morning nnd the maiket was only steady, with prices 3 points lower to 2 points higher, Liverpool sold Mai ch nnd pui chased May. Commission houses generally were sellers, whllo New ni leans purchased. Spot In tel ests operated on both sides in tho early dealings. Liquidation from xailous souiccs was noted In tho lato months, however, cotton could onty bo purchased at advanc ing bids. Scattering liquidation for over the holt da, and tho evening up of March ioii tiacts In prepaiatlon foi posslblo notices on Friday, caused IrrcRiilailty In e.uly prices It seemed, however, that March was being well taken at n discount of only 20 points, ns compared with May, whllo tho continued wet weather In tho eastern belt nppcaicd to brJiiR In some flesh having of new crop positions, TJio market steadied In consequence, nnd tlio mil was encouraged bv firmness In New Oilcans. There was also somo Liver pool buying on the ndvanco which cnirled present crop positions nbout G to R points net higher dutlng tho middle of the morn ing Tho now nop was relatively llrm. partly on bu.vlng by peoplo who wcte selling near months, and xvotked 12 to 11 points nbove last night's closing figures. Husincss tnpeicd off during the middle of the day. Trading bad been only moderately active nt the best, and It seemed mound midday that scattering accounts had been pretty well adjusted for the holiday. Thcin was some further switching fiom March to later ,dellv cues, but otherwise theie was vlttually no featute and tho market was very quiet In the noon hour. Trices showed reactions of R or C points from the best under realizing. . NEW YORK COFFEE MARKET NPAV A'ORK, Feb. 21. Tho market for coffeo futures today opened unchanged to a decline of 3 points. Trading on the call was moderately active, Ilrst transactions amounting to C730 bags. There wero evidences of further March liquidation in the early trading nnd, as Friday will bo tho Ilrst notice day, more Mnrcli coffeo may come out. Conslderablo of tho early business was in switching March to December and to May. AestTitaj loxp s iittts ni "HfX llj UHlS ll 2ilfii 21 S 2Hl27 h 3 J A S at :iik3 8 41IMH.4.' ivs in S llllh X Ml S '.IWS-.V 8.57 as 59 IVbrimry Jlimh Apr rll way .luns July , AllBUSt .. Sopuniber o. tohrr . . NnvemliT 1 let ember Jniiiiiiry Hid Tn.lav's opening 7 I'nittS 01 s'ioS20 R 2SWS.30 s an s. in8 42 s r.jws r.-, & 55SP8 0') Half Million in Gold for Peru NUW YOItK. Feb. 21 Tho Mercantile Bank of America is shipping $500,000 In sovciclgns to Tom, making a total of $1,000,000 sent theio by this bank within tho Inst week. These sovereigns were pro cured fiom previous shipments of gold from Canada for account of tho Allied Governments. i m m fi I HttHRH Clone Open II n m 12 in 2 pm Mtnll HI n'l 10 12 IT. If. Ill li; 11117 SIny 1H2S ll! . 'til 10.IJ lllilil 1(1311 .lllly II' .1" 11141 HI .'I'l 11141 10 15 (Irlnbrr 15 IH 15 113 15 II", HI (U I).temlier ... into Xpot HIV Liverpool Cotton LlVnHTOOL, Feb. 21. Theie was a moderate demand for spot cotton today at unchanged pi Ices on the basis. of 11 12d for lnld-tipkind Tho sales nggicgated 7000 bales. Including G00O bales Anieilcan. The impoils weto 7000 bales, nil Ameri can. The market for fusures closed steady at a net ndvnnco of lli&H points. WANTED by New York and Philadelphia firm, outside representatives to sell hiRh-Rradc industrial. High est references required; com mission basis. Apply before 11 or after 3, Room 301 Lafay ette Building. DUtECIOCY OV ACCOUNTANTS Certified rnbllo AeeounMoU LAwrnENcn R. nnowrN a co. 115 HEAL ESTATE TRUST UUILDINO I.NVK8TIOATB AND ADJUST PAKTNKK. SHIP. JOINT AND DISPUTED ACCOUNTS. BURNS A SPEAKMAN THE BOUB8B WILLIAM 15. MONTKI.IU8 020 CHESTNUT ST. " i J The flrt mllrstnn t mirreM I MtUnp, nn J Urn htcond milestone Is wlvlj- Investing your nr In;, n ns to make your thrift most profitable. ( Ilut do not rJrlay Jnreitlng un til Jou have n thousand dollars or more, thereby not utilizing the full carnlnc power of your money, Itrctn when jou have a hunflre, dollars, or cren less, choosing the securities from 'Investment Opportunities" f Anyone who Is Interested In In creasing the earning power of 1 Is ntirplus funds tbould rejrulnrly receive this valuable pnbllcatton. It will be cent free, belnnlnc with the current lue, upon re. quest for 4.' I'I including book let explaining "The Twenty Payment Plan" "' iriietmeMy&untir- (Eetiblltbed 1008) 40 Exchange Place New York m ianvmiiHiaBiiMaw; DIVIIILNDS Till! A11LUICAN AS COVUWNY lot Market St., Cn melon. M. j. February 20, 1017. A quarterly dividend of 2 ner rent, or $2 per rhare. Iiaa been declared on tho capital Block of thl comnany, payable March 1, 1017. to tlio stotkhoMera of record nt 3 p. m. February -1, 1017. Checks will 1m mailed. J. 11. TOWNSUND, 3d. Treasurer, Hooven Automatic Typewriter A tested proposition on a (olnr basis, having no bonds or preferred stock. Controlling- and manufactur ing a machine that has revolution ized the correspondence field. Used and highly endorsed by the largest concerns in the world. Orders on hand greatly exceed factory capacity. The shares In our opinion possess unusual safety and possibilities. We are offering a portion of treasury shares at $9.00 per share. ITrffe us for detailed Information BERGMANN & CARAHER 66 Broadway : t New York Telephones) Rector 6860-6881.6862 Boston Chicago PiUa. Pittsburgh HOSr" COSniKUClAI. TIIU.ST COMPANY Ey r Philadelphia. February 'Jl. 1917. At the Annual Llertlon, held February 10. 1017, the followln aharehoUlera were elected Director to ervo for the term of four jcarii JOHN CADWALADLn THOMAS 1)13 WITT CUTLER I'ASPAIt W. MOmUB HORATIO U. I.1.0VD JOHN If, MASON The Uoard of Director Is now composed as .llnua! Thomas ue vvur. cuyitr I', Htuart ratterson Hidney F. Tler .1. It. McAllister William C, Hproul Mnrrla L. Clothier John If. Masen John 1. Croier H. W, Clark Clement U..NewboId Harry A..Derwlnrt Caspar W, Morris Hoard held today the H. W. Hddl Arthur K. Newbold Kamurl Ilea,, Horatio O, Lloyd Ilobert K. Cumatt Charlemasne Tower Charlton Yarnall William M. narrett John Cadvvnlader Howard S, Qraham I, K. Johnson William II. Harne At a meetinit ot foi low I ne oBlcer were elected for the ensuing yClirTIIOStAfl DK WITT CUTLTift. President JOItri n. MAPUii. vie? i-rc,'ifc, . ojr. LInkavvkaVkk. Vic I'resldtnt lfjaV!CS2 iagvtaJlB'HiS i nrnijrrifrnBmg'- f Income Tax For a fe'e of five dollars this Company 'will make up your Income Tax Return and file it on or before March 1 with the Collector of In ternal Revenue. Correspondence or a Personal Interview Cordially Invited Commercial Trust Company City Hall Square Brown Brothers & Go. Fourth and Chestnut Streets' PHILADELPHIA High-Grade Investment Securities Upon .request we shall be glad to colter on our 'mailing rist, the names of investors who desire to recelve.rejl. '-' '"rhriiriMi-mt rniHr ---' -----.-- w.-.t-v.j, M 7W. t
Significant historical Pennsylvania newspapers