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WWfvT
,',
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'i .I i . I- i I. i ' I i '
7
: Purchasing
Agents
We are purchas
ing agents of invest
ments for our clients.
Our judgment in
hielecting investments
' With good return and
'absolute safetv has
I ratified our position
'in every instance.
IflgPOKESTOKES ft pQ
lSihAWtklnutSi
r- f
wi
n
I' Ojjln Rnney
"AUTOMOBILE BANKERS
Offer special facilities for In
' dividual! or automobile deal
1 era to finance, the acquirement
of pleasura cars; and for
business houses to finance
commercial cars or trucks.
It you are thinking of pur
chasing; a car of any kind for
any purpose the FINNEY
SYSTEM will make a better
business transaction for you.
REAL ESTATE TRUST DUILDINQ
PHILADELPHIA
$
c
Charles J. Bender & Co.
INVESTMENT BONOS
(tnfeers Philadelphia Stock Exckaiae
NORTH AMERICAN BLDG.
Ww
3V
KOA ADVKBT1SE3CENTB
NOTICE 18 UKREDY GIVEN THAT
un amplication will ba mada In (ha
.Qo-fernor of the State of Pennsylvania on the
fit 4ar of March. 1917i by Stephen H. Hslapkn.
T. ATDelley and C. W. Waltman. under the
act of Aaeembly of the Commonwealth of Penn
yfranla. entitled "An act to provide, for the
incorporation and regulation of certain corpora
tions, ' approved April .. 1874. end the supple
aeata thereto, for the charter of an Intended
corporation, to be called "Wernwac Realty
Co-." the character and object at which la to
aurcnese. hold, mortsaae. Improve, lease, ex
ebanae. sell, transfer and convey real estate
and all Intereete or estates arising thereout,
and to receive the rents, lasuee. profits. Incre
ment and returns arising therefrom or from
Epart thereof, and for these purposes to
e and possess and enjoy all the rights,
fits and privileges of the said act of As
e-nably and it supplements
J. HECTOR McNEAL.
. Solicitor.
STATE OF ANDREW C. CRAIO. DR.
aased Letters teatamentarv nn ih.
above estate having been granted to Till:
KOVIDEMT LIHC AND TRUST COMPANY
Wr r&ILADELPHIA. all persons Indebted to
tA said estate are requested to make payment.
ltd those having elalme to present the same.
without delay, at ths office of the said Company,
tVW Chestnut St.. Philadelphia, Pennsylvania.
ABA 8. WIN (J.
President.
aW 1
ESTATE OF LOUIS KIBFER. DI.
mV'r sVV ceased Letters of Administration on
' rr . taje aoove estate naving- oein granieo to the
' teadersumea. tu person inoeDteu to the said
state are requested to make payment, nnri
tanas having claims to oreaent the same, with.
K t7 ut delay, to
J7 . JUUUUtiiA It. i...ir.tt.
PW Ot to her attorney.
;7 , .C. M. BOWMAN.
iu . . I ea jiaio ini uius. .
4
' PIBECTORY OF ACCOUNTANT1
Certified Pnbllo Accountant
r.1 C
riwR-vec t nDrm'v t. ,-,.
'lSlB REAL. ESTATE TRUST DUILDIKQ
VlbOilUAlIU AMI AUJUnt lAlt int-.lt
HP JOINT AND DISPUTED ACCOUNT 3
UURN8 4 SPEAKAN
THE HOUUHK
WILLIAM E. MONTELIU3
0.0 CHESTNUT HT.
i LITTLE BUSINESS
r. DONE IN COTTON
Liverpool and Commission
Houses Principal Buyers Re
ceipts at Ports Larger
Tho following temperatures were re-
uuannma, :bi Jfnrt nmiui. ai
COTTON BELT WKVTUER
NEW YORK. Feb. 24. Precipitation was
JSeewrteeT In the, aj.tjirti section of th-t rattan
poll tale morning, bat It was generally clear
;fj jn ue Treetern pan.
" l ..jja; "'
BO UHI. V.
VtSilu jMsaphls. Ml I.ltUe Hock. SHi AbUene. 40i
it.&j naaataua ana Asneviue. eat nnreveport nna
WtHiy.bSrMioi 4i KnoivUke and Atlanta. Hi Nan
cH A-AMa-do, Maconf-Montsomerr. iiinningnam.
S't i rma Uaneoca, Thomasvllle. Augnst and
. ajetgh. Hi Meridian and ..Wilmington, 08.
'tj Caava ChrtetU Oalveston. Irksburr and
1 -Vf CSaHeeton. 0i New Orleans, Mobile. Ten
?, i' aaKseta. Tampa, Savannah and Jaekkon-
Tbere'waa ,0t Inch of precipitation at
W AMarnaiL. Atlanta Knd rharlestonl .08 Inch
'tV.T at PotMaeola, .to Inch at Macon, ,4 Ineh
4 B Mobile. .44 Inch at Montgomery, 4i Inch
rV aMnnTngnam. . Ineh at New Orleans.
t'iHi lilj, it H.uiih. .is Inch at Meridian
'n?a.-v and .M Inch at Vlcksborg.
Vpk IEW TOIIK. Feb. 24. -Business was
P . Haalt at. tho opening; of the cotton market.
KSfcut tho tone was steady. May adanced
Kff J points higher.
Liverpool and commission houses were
''Uie principal buyers, while tho supply came
gfe . from scattered sources, being led by south-
Pi 1 rij Interests.
..V. After tho call the other positions worked
MaW to a parity, 'with May and July molng
O'Wi 4 points ana vciouer -. puuua.
8. ' The receipts of cotton at the ports for
W'tba day were estimated at 10,000 bales,
' jeawipared with 7817 Bales last weeK, i,uuo
u'w.i. it v.ir and 88.781 bales two years
o.r
Tee.-close Open
Ch .te,..!2-
'! ;s
.:;'.::iiiv4
r ...loo?
M. ,..,
. -r r
in'-'
in Si
is U7
lo.oa
High
10.33
le si
15 .17
16 02
18.10
I.OW
111 l-i
Id 'Jt
Hi. 28
IS US
ID Oil
Close
HI 3i
IS 30
10 33
1 U2
la 10
10 43
FINANCIAL NEWS
RALLIES OCCUR IN MANY STOCKS
AFTER EARLY ATTACKS BY BEARS
Professional Element Has Everything Its Own Way for a
Time During Initial Trading Reading Going
Into Strong Hands
High Points in Today's Financial News
Bears attacked stock in Wall street early, but brisk rallies followed in
many issues. Changes at end of day xocro irregular. The same was true
on the Curb. Short covering strengthened wheat after weakness. Cotton
cloyed higher. Netv York bank statement shotced increases in average and
actual loans, deposits and surplus. Hank clearings for week larger. Bar
silver lower.
NEW YORK, Feb. 24.
The bear traders found numerous Inventlves on which to base vigorous
ralde. nt frequent Intervals during fho first hour of business on tho Stock
Exchange. The list made by Lloyd George, published In tho press this morning,
prohibiting Imports into England of leather and other commodities furnished
reasons for selling many stocks llko Contrnl Leather, and, at tho samo time,
stories of freight congestion nnd food scarcity were taken as reasons for selling
many other Issue. Kor a time this professional element seemed to have
everything Its own -vrny.
One of tho bear traders mndo United States Steel common sell down from
106H to 106 VI. but It wns not long beforo that stock rallied to abovo 107,
recovering nil Its loss. Tho story was the samo In nearly nil tho other
active Issues.
Attacks wero made on stock after stock, causing lower prices in the first
hour, which wero In noarly all cases followed by good rallies beforo midday.
Naturally, the marine lames wero among tho heaviest of tho actlvo stocks,
Marino preferred falling to 6VA nnd Atlantic, Gulf and West Indies dropping
2 points to 89H, but these stocks also showed a good rallying tendency, nnd
beforo tho end of the half-day had recovered nearly all their declines.
There wero special movements In Heading nnd Now Haven. Tho bear
plungers made another drlvo nt Heading, forcing It down 1 point to 94V4. out
accumulation wos evident, and as soon as tho bear selling ceased the stock
made a good recovery. Tho Indications nro becoming more pronounced that
Heading has been steadily going Into strong hands.
Interest was concentrated to a great extent on tho expocted notion of tho
President, and Washington was looked to with a high degree of interest by
those who havo for a long time kept out of the market because of a deter
mlnatlon to have no speculative commitments until after tho status of the
international situation had beon definitely established.
Tho bond mnrkct was steady nnd business was on n comparatively small
scale. Most of tho changes wero to lower figures. New York Hallway Cs dropped
fiom 42 to 41H; Lackawanna Steel Ei sold nt 96 and 95?4. and there was a
moderately lower range established In Southern Hallway Issues. Anglo-French
Bt wore steady, with sales at 92 and 924.
PRICES ARE IRREGULAR ON THE CURB,
WITH MOST ISSUES AT LOWER LEVELS
NEW YORK, Feb. 24
There wero Irregular movements on the Broad Street Curb today, with
the majority of stocks selling at a lower level. Moements, howecr, were
irregular, and most of the trudlng, een In tho usually active issues, represented
simply scalping operations by some of the traders.
MIdvalo Steel ranged from 64 to 63W, w-lth late transaction-) nt B3&. Aetna
Explosives sold at 4 nnd 4 Submarine Boat was traded In at 24 U. and
Wright-Martin Aeroplane, nfler falling from 8 to S, recovered its loss.
Tho fluctuation In Jie oil stocks wore narrow Standard Oil of New
Jersey sold nt 695, 'Standard OH of N'ow York at 295 nnd J'ralrle ripe Line
at 327 Tho Independent oil shares wero generally quiet, Cosdcn Oil selling nt
14 and 14', Merrltt nt 17, Federal nt BU nnd fi, Oklahoma Froduclng nt
10H and I0& and Sinclair at B68 and B6H.
Most of these stocks weie Influenced In their market position by tho con
gestion which has Interfered with Interstate commerce to such an extent during
the last two weeks.
Mining stocks .were generally lower, nlthough United Verde was In falrlv
good demand, ndvanclng from 37' to 38. Magma told at 48',i to 48, and
Butte Copper and Zinc was traded In nt 9. Tho new motor stock on the Curb,
Redden M6tor, sold at 22 and 22H. .
INDUSTRIALS
Did.
4 4
7 IS
4V4 5
3ii an
08 75
1I4 12
7 V. H
110 t Iff
75 8.
20 i(t
OH II)
40
30V 41
2t 27
3 4
H
s a
57 Vi 50
1
Cotton Buyers and Sellers
VKW YORK. Feb. 24. March R. Hub-
'. tu, tti-.M and MeEnanv boueht: Nor-:
M "Ti!r... VimnU rardaza. Sellar and Wle-
i -ram bought: Hentx, Frederlckson, B&rtlett
Smal Watklna sold.
!" - . a a r- IT 1T..kk.n1 f ...... a-..
JUiy- Vfc uumoena, '1. uuuumu, uuuii,
fedorn ana u&ssara oougni; juinn,
U, Wilson, Frederlckson, Rosenberg and
entree aold.
October II. Jlubbard. R. Hubbard, and
4t boueht: OTcaericicson ana ttosen-
.sold.
Cotton Statistics
f TOflK. Fsb. 24. TI statistical posl
SMHS follow!
' Tnl week. I-astweek. Last year.
rMaV
.......o.uw.iuo o.zoo.wv o.vo,ie
it r: .'fTrtr.fie.r.ta o,75Q,I8t s.ios.ssi
1. I
. ' .. n -a. m. . .
juooiMT rreau iTipien
YORK. F." :. Tho year ended
U las 'was by. far the most
I fjw liUonr of tlM Central
its wuance xar tno year
SK.UI.ITz, aa com-
IM, pravlou'- year,,
14 pr oant on tM
a?n "f
wwsr-nmtsjai
ililln-ts
Aetna explosives
Am-Brltlsh Mfg
Am Marconi
American Writing Paper
Can Car & Fdy . .
Can Car & Fdy pref . . . .
Carwen Stcol
Charcoal Iron
Chevrolet Motors
Cramp Shipbuilding ....
Curtlss Aeroplane
Emerson Phonograph . .
Federal Dyestuff
Haskell & Barker Car..
Hendeo Mfg
Kathodlon Bronze pref.
Lake Torpedo Boat ....
Laurel Oil & Gas
Lima Locomotito new..
Marlln Arms
Maxim Munitions
MIdvalo feteel . . .
New York Shipbuilding.
Otis Elevator
Peerless Motors
Poole K i. M
Redden Motor
Scrlnns-Booth
S S Kresge w 1
Santa Cecilia
Santa Cecilia pref
Stand Motors
Ht Joseph Lead
Steel Alloys
Submarine
Triangle Film
Todd Shipyards
United Sugar
United Alloy Steel
U S Steamship
United Motors
United Profit Sharing .
World Film
Wright-Martin Aircraft
Zinc Concentrating
IlAIMtOADS
Rock Island common . 30
Rock Island A pref . .. 84 V
Rock island B pref. . . . 6
Western Pacific w I ... 20
Western Paclflo pref.... 51
Wabash Pittuburgh ... 10
Wabash Pittsburgh pref. 48
STANDARD OH.
Illinois . 233
Ohio ...,3HI
Prairie Pips 3.'3
Pierce OH J!;
Stand Oil of California,. 301
Stand OH of New Jersey, 600
Stand Oil of New York. 293
Tew close
Asked (ale)
4Vfc
4-.
129..
11(1
OVi
87
2V4
54
30
02
1 7
05
32Vil
3
1.1
28
7
10V4
8V4
21V4
'4
Si
35Vi
43V4
514
41
'A
Tf.
o
3M,
37
80
71
21
64
22
52
STOCKS
338
300
330
13V4
303
007
206
83
37
37
14
80
it
20
12V4
20
65
18Vi
8Vi
23 y
t 75
35 Yt
43
5
414
8
3
58
83
-Hi
64 W,
3KVa
22Vi
12V4
ion
24
3
S3Vi
44
5V4
41
"v
8s
38"4
85
o y,
20 ,
328
imii:pi:mii.nt oh. stocks
Illd
Am Ventura. 33
Harnett Oil & Gns 2"H
Cosdcn OH & Gas 144
Cosden & Co 14.
Federal Oil 5Vt
Inter Petroleum liyt
Houiton Oil 18V4
Merrltt Oil .... 17
Oklahoma Prod c II ... 10U
Osago Hominy .. .. 8Vi
Roal Dutch 60
Kequoj.ih IiM
Sapulpa Ref 0
Sinclair BV4
West End O & G 30
MINING STOCKS
Alaska Standard .... y
Atlanta . i.tvi
Big Ledge ... . 4
Blsbeo Copper (a prosp) m,
Butte Copper S. Zlne... . 8
Hutto NY 3
Calumet & Jerome . .. fij,
Consolidated Arizona .. 3
Dundee Ariz 1
Emma Consol l ,
First National 3
I'lorence Goldfleld 3o
Globe Dominion V4
Goldfleld Cons 60
Goldfleld Merger 6
Green Monster 1 V4
Ilecla Mining i
Howe Sound n 5,
Independence Lead 1.1
Jim Butler 81
Jumbo Extension 36
Kerr Lake 414
Kovvanas m
McKlnley-Darragh at
Mother Lodo 38
Magma Copper 474
Mines Co of America .. 174
Nevada Wonder 1
Nlplsslng h
Ray Hercules 4
San Toy 14
Seneca Copper 134
Tonopah Extension ... 414
West End Con . 63
White Oak . . . . 4 V4
1 BONDS
Beth Steel 5s 2-yr notes 08
Yes rinse
Aske.l (Hale)
311 30
3 ;j.
14 11
15U 13
BU 5
12 Ml l-'.i
30
17 1754
10 is, lot',
8 8.
ei no
Hi Mi
66i 56"4
21 31
I
." t.
14 Yt 14 V4
4" 4Ta
Hi .
! Oli
3V 2'f.
I', l)i
SM, 2'i
3V(, i
Hi H
3H
25
63
8
W,
8,'.
6
in
83
20
,3
19
65
40
40
2 Id
2'A
8Ji
414
13
HVi
4
70
Hi
18'.
64
1,8
48 ,
8JA
4'i
13 V
4rV
New York Stock Sales
1 "11 1 in 1 a 1 1 ..I
low.
7
82
40',
87 U
42
Net
Close chae.
7
82 H
4Btt H
88
43 aj
Cudahy 5s
Cerro da Pasco Os
Cosden OH 6s .
Cosden & Co old 6s
French Munlo 6s ,
MIdvalo Steel 5s ..
Russian 6 '.4 3 ,, ,
Russian 5s 83
Sinclair Oil 6s no
Todd Shlpvard 6s .. ,,
Western Pacific new 6s,
U S Rubber new 5b, . ,
08'.
09 OBV
116 118
102 103 107
106 107 .
H4 04
05 06
04 05
85
110
08
01
08
04
83
00 101
80 00
84 04
80
04
DIVIDENDS DECLARED
Atlantlo Coast I.lne Company, usual quarter
ly dlvldsnd of II. DO a share, parable March 10.
Ulobe Soap Company, rerular quarterly of lVs
per cent on the common snd ths first, second
and special preferred stocks, all parable
March 13
(Ireat Northern Taper Company, usual quar
terly of IH Per cent, payable March 1 to holders
t record February 34
Columbu Gu and Pucl Company, usual quar
terly of 1 per cent on the common and IK per
cent on the preferred The common Is payable
March 1 to holder of record February 16 and
the preferred on April 1 to holder of record
March 15. , ,
New York Transit Company, regular quarter
ly of 4 per cent, parable April 14 to stock of
record March 24. ,,.. ,
American Power and Lleht Company, rerular
quarterly of 1 per cent on Its common stock,
payable March 1 to stock of record Fsbruary 24.
Pennsylvania Water, and I'owsr Company,
reaular quarterly of IK per cent on the capital
stock, payable April 3 to holders of record
March 10. ,
Wisconsin Central, regular aemlannual on
preferred of 2 per cent, .parable April 3 to
stock of record March, p.
Dstrolt Hteel Product Company, 10 per cent
on the common stock.
Colorado I'owsr Company, rerular quarterly
et 14 per cent on the preferred and 11 of 1
par cant on the common stock, parable April
16 to holder of record March 81.
Plymouth Rubber Company, regular quarterly
of 11.75 onl tb preferred stock, payable March
1 to atock of record Fsbtuary 2a.
Steamship Company Reaps Harvest
NEW TORK, Feb. 24. A rich harvest
was reaped by the Atlantic, Gulf and West
X-tsUa Steamship Lines in 1916. ' The total
for 'ttia. year enaeu uecemo-r, si,
H, an laoreaa oi,,13,I4Z,P34
Hlch.
Alaska Juneau ., 1(,
Allls-Chal Co pref 82 vi
Am Bk Note pref 40
Am Beet Sugar... 88
Am Can , 43
do pref l&7t mini 107 14
Am Cr Fdy Co. 03 63 63
do pref tin no 116
Am Express o 130 120
Am Hide & Lthr. . 11 11 11
do pref 61 61 01
Am Linseed 18 18 18
Am Loco 6034 60 60
do pref lo 108 103 -1
Am Malt t o pref. 51 51 61
Am Smelting .... 07 07 07
Am Snuff 136 133 183
Am Steel Fdry.... 01 61 61
Am Sugar 112 112 112
Am Tel & Tel 183 124 124
Am Tobacco 208 208 208
Am writ Pap pr,. 44 44
Am Zinc & Lead... 86 36
do pref. 67 67 67
Anaconda 18 77 78
Atchison 102 101 102
do pref 100 100 100
Atl Blrm & All.. 15 IS 15
Atl Gulf & W I.. 01
Bait & Ohio . . 70
Beth Steel B w 1.114
do rights ... . 15
Burns Bros . .
Bruncwlck
Cat Petroleum 23
Canadlin Pacific .134
Cent Leath . 85
Cerro do Pasco , 38
Chcs A Ohio . 89
Chi M & St P 80
C R I & P ctfs dp 28
Chill Copper ... 22
Chlno Con Cop. . 84
Col Fuel & Iron.. 40
Col Gas & l";ioc... 40
ConO H L&P B.135
NEW YORK COFFEE MARKET
NEW YORK, Feb. 24. The market for
coffeo futures opened 1 to 6 points lower
today. Trading on the call was moderately
active, with some of the offerings coming
from Wall street sources. Sales amounted
to about 7000 bags.
The fact that Qreat Britain has nro-
hlblted the Importation of coffee caused
further sharp breaks In futures after the
opening today, and soon after 11 o'clock
prices showed declines of about 15 points,
with trading active.
Tho Santos futures market showed sharp
declines, and coat and freights from Brazil,
though fairly steady at the close yester
day, were expected to show an easier ten
dency, due to lower freight rates and ample
tonnage. Tho local Bpot market was dull
and quotations were unchanged, Rio No. 7
being quoted at 9 He.
-1
V4
'
44 -1
36
1
80 01 -
70 78 .. .
114 HI
14 15 Vi
.118 118 118
0 0 0
23 23
158 164
83 85
88
60
80
27
22
64
46
80
123
38
60
80
28
22 -
B4
40
30
123 1
Consol I Cal Mln.. 10 10 10
Cont Can pref. ...111 111 111
Corn Products .. 21 Sl 214
Corn Prod pref... 102 102 102
Crucible Steel .. 64 61 64
Cuba Am Sugar 100 160 160 0
Cuba Cane Sugar 40 38 88 1
88 88 88
233 232 232 1
SI 31 31
10 10 10
23 22 23 V4
20 26 26
30 30 30 Hi
82 32 32 !",
163
do pref
D L & W
Den & R O pref
Dome Minos
Distil Securities
Erlo
do 1st pref
Gnst Will
Gen Lleclrlo Co.
Gen Motors , .
do pref ,
Goodrich II F . .
do pref
Gt North Ore subs
Greene Can Cop
Gulf State Steel .
Int Agricul
do pref
Incplra Copper .
Inter Con Corp pf
Int Mer Marine .
do pref
Intemat Paper
do pref . . .
Int Nickel .
Jewell Tea pref.
Kelly Springfield
Kennecott Copper
161 161 2
114 111 114
88 88 88
56 86 60
108 108 108
32 32 32
40.
108
13
38
86
65
23
67
36
06
41
108
51
44
1
40
108
15
38
60
05
23
8
3716
06
41
108
65
44
40
108
13
38
80
1
T4
63 1
23
68
36
tin ....
41 V
108 . ..
63 4
44
Kings C I! L& Co 117 117 117
Lack Steel
Lehigh Valley
Long Island
Loose-Wiles B
Louis & Nash
Mackay Cos .
Mathlcson Alkali
Max Motor .
Mcx Patrol
Miami Con Copper
Mo Kan & Tex. .
Mo Pacific w I . .
Mo Pac pr vv 1. . . .
Mont Power . .
Nat Knam & Stpd.
Nov Con Cop
Now York Cent . .
N Y Chi & St L .
N Y N II S. H . .
Norf & West . . .
Northern Pacific.
Ontario Silver ...
Penna R R
Pitts Coal ctfs..
Pressed StI Car..
Pullman Pal Ca.r 161
Ray Con Copper. . 27
Reading .
Rep Ir & Steel,
Shattuek Ariz
Southern Pacific
Southern R R. . .
do pref ...
Mudebaker , .
Stutz Motors
8
,. 73
30
Co 23
. 137
. 88
68
83
88
38
7
30
64
100
33
34
05
31
46
Tenn Cop & Ch w I 14TS.
78
73
30
22
127
88
68
64
87
38
7
20
54
100
33
24
03
31
41
120 120 120
104 104 10H
6 0
84 64
45
75
161
26
04
70
27
08
28
60
100
41
14
16
78
73
39 ....
23 1
127 ....
88 ....
68
63
88
38
7
30
nt
100
31
34
03
31
45
'
46
77
05
77
27
04
38
62
101
47
6
64
16
77
161
27 t-
01
77
37
03i(,
28 ..
00
100
45
14
13
1
4-
1
Texas & Pacific. .15
Texas Company .-224 223 233
Tobacco Products 82 Hi 52
Union Pacific 137 136 117
United Clg Strs .
I'nlted Drug . . .
Fnlted Fruit .
United Ry Inv pf
I'ndl Alcohol .
U S Realty & Imp 13
IT S Sm & llct.. 57
U S Steel . .. .107
do pref . .. 118 118
Utah Copper .110 109
Va Iron C & C... 86 85
Wabash 12 13
do pref A . . 48 4814
do pref B ... . 25 25
West Marjd pref 40 40
Wert Union Tel . 04 03
WestKhouse Mfg . 49 40
2
1
2
on
79
130
10
130
08 08
70 70
139 139
10 10
128 130
13 IS
67 57
106 107
-
-
18
110
66
12
48
23
40
04
40
1
4-
1
Weymn-Btn Co pr.116 115 115
Woolworth 141 141 141
White Motors ... 40 40 40
Vllla Overland .. 33 33 33
Y
Totnl sales. 140,000 shares, compnreil with
369.000 charr-i laat SatnrdaTI this eek, 2.J04,
300 shares! last week. 1,581,100 shares.
Financial Briefs
Sales in Philadelphia
Net
lllfh, Low, Close, chce,
6 Am Gas, .,180 120 120
248 Ins Co N A 27 27 21
1000 Lk Sup C. 20 20 20
26 Loh Vol... 74 18 14
6 Norf & W.130 180 180
116 Penna R R 84 64 84
43 Phi In. Co.. 30 80 80
10 do cum pf 41 41 41
10 Phlla i:ieo 83 S3 88
530 PUT tr Cfs 29 20 29 Y
12 Phlla Trao 81 81 81
180 Ton Bel ..4 4fV 4 -f A
6 UnTrac ..48 48 43
03 U O I ... 80 80 80
1040 U S Steel. 107 106 107
1IOND9 Net
High. Low, Closs. elite.
'81000 Am Gas &
Eleo 5s.. 00 00 00
1000 City 4s reg
1944 . .102 102 102
400 Elec & Peo
Tr 4s... 86 84 86
1000 Key Tel
1st 6s... 08 08 08
1000 Leh Nsv
cns4Hs 102 102 102 '.....
1000 LcuVnlcns
4 Ks 2003. 100 100 100
2000 Pa Co gen
cons 4 4s 105 105 105
7000 I'll Eleo 4 s
temp 5s 102 102 102
8000 York Rwy
1st 63 08 08 08
Total Rfile-
.hnres last KiitMrdjri
last week. 38,000.
8st t sliart-, compare! with 8033
mis urrK, H3,3nu enorrel
Local Bid and Asked
Iirlll JO ... .
Hurt A Sung t o .
do pref t c ... .
Tlalilnln , .
nieo Florae-. ... .
Uan Aep ,
tin pref ,
Key Tel
Lako Hup Corp .
I.ehlK-h Snv
Lehigh Vnlley ..
l.elilHi Valley Ir
do pref .
PennsyUnnla ....
Phil lllec . .
Phlla Co
do 3 11 0 prtf . .
do 0 p p pref .
Thlla It T t 0
Hrudtnir
Ton Ilel
Ion Mln
Union Trao
tr i
If H Stol ....
York Ilwv . ..
do pref , ,
Wm Crump t c
Today's
Illd Asked.
20 23 20
ftl 63 63
68 53 63
8Jli B24 r.3'4
63 (IT. ( 3
25 27 25
l& fifl'4 (I5"i
, 1214 13 15'4
20i 204 20
S3 Rt'4 M
78 74 7H
23'4 26 i
4.U, 4IIU, M-,
644 64T4 64S
-S HJ! !l-'"4
as an as'4
an an an
4(1 41 '4 4)V4
i'll'i 2IIV4 21
Vt P4'4 P3V4
4ti . 4'4 4S
6 7-10 0 0.16 7-
43 484 43
t aa rr.
107 l(17'i 1(17',
IS 14 IS
36J 87 Hil't
78 70 7S'i
Teste rdaj's
Illd, Asked
20
63
55
-.2".
64
27
67
18
10
Ht
74'1
26fr
A IIS
84 Tt
MS
.Tit
an 41
2014
933,
44
16 0V4
434
SOU
107V4
14
87
oO
Totnl sales. 822.400. comnore-l with 877. 10O,
'l J itiiriloj 1 tnli week. M5,500i lt week.
New York Bond Sales
iMOD Alask CM cv f. Ser A tf.
riioii Amer Cut (HI 'is iki
r, t'.ni) Anglo-French 8s . tU4
lfiiinil Am Foreign See 6s II3JJ
8000 Amer Tel clt 4a 91 ?
2HHIII do 5s lul'4
noun Amer Writ Pap 6s Kn
-'("in Ann Arbor 4s ni
61)00 Armour Co 4V, s . 93S
ltiimii Atrnlson (en 4a wK
Mill do adj 4s . HI',
611(1(1 Atlnn Co I.lne clt 4s MlJ
6000 Unit ft Ohio 3',s lilt,
2IIIIHII iln .'., . inn
r.onfl iiao p i.navvv 4s s.7Mi
'.IllHl llelh hteel rrd Cs 1110
Minn Hrook!! It T 5s 1!8. II!)',
6(1011 fnn Govt s 1921 971
Iiiihi ilo HI2I1 , ., 1)71J
(.(ion ( c c gpn 4s ir..
1000 Cent Pne 1st 4 no.,
limiiil mill Copper i 1J7-
2(1(111 Hi.. & Ohli 4'lis . MS'A
113011 !o com f.s 1121
3 1 Chi tt Alton 3'in -Ill's
2(1011 Chi (It Went 4s . 71
2.KHIII Chi Un Sta 44 h imits
101)0 Chi 71 & Q joint 4s tinv
lfion Chi .Mil st P rfd 44 s nil',
40(in chl it I ft l' rfd 4
1 III III 110 (IS .
20(1(1 Col ft Kouth 1st 4
liillil do 44 s .
Kino CUy of Paris Cs
160(10 Con (las conv (Ih
80(H) Cuban Am Hu?ar (Is.
iiiihi iptroit unite, I's
270011 Dls Hecur Crop 6s
mills Krle conv 4s Her A
lono i:rle IM col 4s
3OII0O 111 Hteel del) 14 s
17(11111 Interl) It T ref As
1.100(1 Inter Mer M-r Cs
inoo tnternl Paper ill
limn Japan new (1 s 44 1
Kiiiii Kant & Mich 2d 4s
1 MHlll L.-u-Uu Hteel 5s IU',0
60110 I.k Ml deb 4s 1H2S
0OD0 I.ouls ft Knell 4s
Iiiihi Mich cent 34 .
limn Minn ft Ht I. f.s
MUlll Monlinn Power 6s
'""" "' V ( I 1 II, i
1000 N T C ft It con 4s
n i ii . ( i. urn I'
ll mm do i,i
riiiin N Clt 4s lo'.s
Iiiihi do nio
21100 do 4' s lDlill
loon do 10)1!
10(11) V V N 11 ft It lis
270011 N X liny HrtJ 5s
1,-1100 N Y Tel (ten 44 s
1(10(1 Nor ft Wet dlv 4s .
Iiiioii or Pac prior 4s
anon do (ten .In .
.noil Ore . VV It ft N 4s
101)00 Pacirc Tel 5s .
IJihiii Penni pen tt 44.
, nooii Hep Ir ft H 6
anon Ht I. ft V In 5s
iniiion do 4s rer A
S.Mlllil do 6s scr II , .
16(100 St i, Hwn 1st 4s.. .
30(1 Kouth Hell 6sj . .
loon Houth Pac 4s , .
MHin no cv 4s , , ..
.Iillio do rfd 4a . . .
UIOI) do cv 6s
liuinii South Rwv Ken 4s.
2000 do con 6s , . .
2IIIK1 Third Ave ndj 5s
70011 Toklo 5s
Kllin Tol Pvo ft VV 34 ..
6000 Utah I.t ft Pow 6s.
r.oon it s nubber 6
44000 U H Hteel H F 6s...
601) do re 5s . , . ,
ltnnn ITnlon Par 1st 4s.
2700 tin nwys H y 4s.
7011(1 U K of O 11 ft I 5s.,
2170011 do 6U.H 1018 . '
17I00O do 54a lull) new... UK's
ir.iinn no ov, mm .. ,. un
2S00O do 6-i s 19.11 . . ..83
Knoo Vh Car Chm 1st 6s.,.l(io
200(1 Wilson Co 102
2000 West Chester 5s . . in I
KHHI West Shore 4s . ... BO
35U
(.7-
Ml
77
Oil',
S3"!
Kit
lonI
71
1014
70
75'4
si
t)3
10-".
11)34
'St
0H1
Xl
0(1
4'4
100
10
104
00
Total sales. 81.40t.OO0. compared with M,.
,I33,O00i
73
1)11
II 2
HI
!T
l.'O
till '4
H4
611
IIJ
no
03
1174
91
1004
s 7n' t
. IHI4
ml
. 034
DP
N-
. Ill)
100
. H3
R-'i
HJV.
liisH
urn's
toov,
mi'.
113
inj
4."
I)H',
nj
. o
'Ill's
. '
ino;
Hij.
'SSlt
(17 1?
. Ml
77
. nil's
. 8(1
. 01 "
. 71 J
.1014
. 70
. 75'i
. SI
. 03
.tflj
.1(134
.1031.
. 07
1)7 'I
lts-4
flCtf
Iow
73
1)11
D2V4
ti-..
in
101
hot.
60
in;,
in.
Hit,
83'4
III",
DOV,
HI 4
H'l-;
1174
07'.
n;.
on),
IJ74
hs-,
HI
41)4
71
liid
"-!
1164
744
IHI'i
IIJ
St
i)J'
12H
inl'i
ST.
nil
n.'
mi
1
H7
D04
1004
711'
064
tut
D5H
nt
HJ-.
Ill)
III',
S3
8JJ,
HJJ,
KIS4
1IIIIV
Close.
7.3
mi
IIJ4
'It
in '5
1014
r,9
imH
n 3".
834
lis ,
100
H,'
OS",
U04
1)74
127".
HP
404
lno'4
74,
n4
ii.'
S4
113'
120
I'll'
HI
60
IIJ
IK)
1)3
074
0OV4
HillV,
7I)'4
064
tm
064
01
SJ-,
90
u'4
S3
SJ
HJ4
los'
KIII'm
inoS mo",
llll'i l(lli
113 115
Id.' 111.'
41, 4J
H4 l)T,
n
03'4 93
llil'S l.il
R3i S.3I
1 DOj,
lnoH
iimiv mo.
iiui
ioH
6JU
I17i
?-.4
99',
S3I
Sil
1)1 ,
100,
71
mi',
-n
734
HI
it 1 5,
inj;
loW
103lJ
97
41
07
OS
IIK,
t)3,
94'4
100
102
14
90
633,000 last Knturriari this neek
Inst neek, -uz.otu.-iuu.
815,1
February
March , ,
Aorll ...
May .,,
June ...
July
Today
opening
Today
CIO;
T.B5
,, 7.7507.88 7.634
..-7 nt 7.711
,. l.ViVl.VH 7,79
,. .... 7,85
.. 8 0508.06 7 92
Ausust ....... . 7,99
Biptsmber ,.- 8.2188.24 8.07
October
November
December . ,
January ,,.
Hid.
8.111
... 8.160
8,25e8.80 8 181
..,, 8.2J
1
Teaterday-a
a class
7.67 T.71WT.79
7.67 7.777.7
T,7 7. B0
7.80 7.98
7.87 02
7.94 8 09e8.1l
8.01 8.1608.17
8 08 8 23es8.34
8.13 8.2608.28
8,16 8.39M8.81
8.20 8 88 8 85
B.24 8.3798 3
J7.8S
J8!04
Park Market la Quiet
Gross earnings of Iwenty-seven railroads
for the second week of reuruary were
111, 911,735, on Increase of 1608,359.
Commercial failures In tho laBt week In
the United States were 267, against 276
In the previous week, and 407 In the cor
responding week- last year. Failures In
Canada numbered 30, against 26 last week
and 39 last year.
The Bank of England reports the amount
of currency notes outstanding as 130,915,
901. against 132,090,198 In the previous
week. The amount of gold held for the re
demption of Buch notes remains at 28,
600,000. The Liverpool Cotton Exchange was not
In session today,
At annual stockholders' meeting of Julius
Kayser ft Co. Charles M, Homlon was
elected a director to succeed II. A. Taylor,
resigned. All other retiring 'officers and
directors were re-elected.
The New York Bubtreasury lost 17,785,.
000 to the banks yesterday.
Gross earnings of the Bell Telephone
Company of Canada for the year ended
December 31 were 110, 375,318,' an increase
of 8740.645 over the previous year. The
net Increased 8247,257 to 12,460,242.
Net earnings of the Commonwealth
Power, Railway and Light Company and
Its constituent companies for January to
taled 1779.201, an Increase of 3,48 per cent
over January, 1916.
LIVE STOCK QUOTATIONS
CHICAGO, Feb. 24 HOdS Itecetpta, 18.000
Market 6c hlsher. Mlisd and butcher', 112 80
oii rood heavy, tl2 8Q(M3i rouih heavy.
813 60012.801 lla-bl. JU.10912.86i put. 19.H
011 60j bulk. 112.70912 00.
CATTI.B Receipt, 600. Market teadr.
Heeve. 17.75912.45) cow. and bslfsr. 14.75
10.501 stocker and feeder. JK8399.40 Tex
ans,8 60910.401 calve. 111912.25.
sirKBP llecetpts, 4000. Market steady.
Native and weatern, 87912.10; lamb, til. 509
14,73.
BAR SILVER y
, Last 11917
Today, Tea. feat, riifh. (,w,
Local Reserve Bank Statement
The statement of the Federal Reserve
Bank of Philadelphia for the week ended
yesterday compares as follows with the
previous week:
rtnsouncES
Oold coin snd cer-
ttncales In vault.124, 069,503.80 128 303,510 00
Oold aettlement .
fund 10,835,000 00 8,944,000 00
Gold redemption
fund 100.000 00 100.000 00
Total cold re
aerve 183.024,302 50 182,849,610 00
Legal tender notes,
sliver, etc 233,423.80 167,612 05
Total reserve... 185,257,926 80 183,607,122.05
mils discounted
members 11,304,337.85 1603,839 52
Dills bought In open
market 14,130,187.88 15,186.180 85
on
-Tit-1 Kill
"- . " a. ,, ,o e. -
nana . ..tiu,so,,a.o ..oav,viu 17
U'notea' .'.."..". 1,999,000 00 J,00,00n 00
Municipal warrant 1,431,118 44 1,431,118.44
T0,.,t1."f?!':f. "'118.864.643 62 119.290.088.61
Du from other
'.'fts-net1"".. 1,904.726 8.3 5.781.029 28
Uncollected Items.. 17,183 008 96 21.273,222.47
All other resources. 280,004,11 498.623 27
Total resource.. 173,630,809.84 179,801,080 68
LIABILITIES
Capital paid In.... 15.238,850 00
TRADING CONTINUES VERY LIGHT
-VT TITTTT A T-Vtnf TjTJT A Gmni!T' TTVriTX ATk.Ti-.-r, rl
JX jrxxiUrt.LJJUirxAxxx wivuiv x-.v-jtiMiN vjili 'M
ar
Majority of Local Issues Coming During Short Session
Show Advances Lake Superior Corporation an '
Exception, Declining a Little
Trading on the Philadelphia Stock ex
change did not show any material change
In the short session today over previous
days of the week. Very few stocks came
out on the tape in the two hours, and those
which were traded In made only fractional
changes. From the action of the market
It wau Inferred that traders, both In com
mission houses and on the floor of the
Stock Exchange, have ndopted the same
policy as Is being pursued In Wall street,
which Is a waiting one. The rank and file
does not care to carry any commitments
overnight, In view of possible developments
In our foreign relations, and the result Is
that transactions have dropped off to very
small proportions. . 1
An encouraging development today was
the betterment of prices of distinctly local
Issues. Whllo the change, as explained
nbove, wero not large, yet many of them
were on the upward side. The Improve
ment of the local stocks was not general,
however, but the fact that some of them
broke away from the downward move made
the Street feol better. Lake Superior Cor
poration stock was an exception. This
iBtue was a fraction lower all through the
session, and It was also tho most active.
This stock Is more or less under the In
fluence of the movements of slocks, tin-,
tlcularly the wnr-order variety, on the New
York Stock Exchange, because of the natur
of Its business, "
A stnnll gain was registered by Thlla
delphla Rapid Transit trust certificates"
but the turnover was only a little more than
BOO shares at the end of the first hour.
The Street doesnot expect this Issue, nor anr
other, In fact, to do very much until there
Is some definite development. Of course the
development which would help Transit
would be somo agreement on the new tran.
sit plans, but as yet the street Is not sur
what will be done.
Nothing more has beon heard of the plan
for raising new capital for the United Ga
Improvement Company, and In the absence
of any confirmation of the rumor of a ten
per cent stock allotment, which reached
the Street about n week ago, nothing much
can be expected of the Etock. In the short
session tdday It got up a little.
Lehigh Valley transit Issues did not corns
out on the tape during tho two hours Ne.
gotlatlons for a merger of utility proper,
ties, taking In the Lehigh Valley Transit
and other up-State 'properties, are under
stood to be progressing, but nothing definite
has been agreed ort.
STEEL OPERATIONS
ARE CUT DOWN
Officials Receive Reports of
Slight Improvement in
Railroad Situation
NEW TORK, Febt 24. Officials of many
eleel companies are considerably encour
aged as a result of some private reports of
a slight Improvement In the railroad situa
tion at various operating centers. While
this change for the better Is by no means
decided, it Is pointed out that conditions
have been so bad recently that any Im
provement, no matter how small, Is wel
comed That operations of steel companies re
cently had been affected to a greater extent
than was generally realized Is tho opinion
expressed by a representative of one of the
large companies. Not only did tne railroad
embargo and shortage of cars for shipments
cause mucii Inconvenience but the difficulty
of getting fuel, duo to the clogged-up con
dition of tho railroads, also was a factor
of some consequence.
There had been shut-downs In many sec
tions and several of the companies took ad
vantage of this by making repairs which
had become necessary as a result of the
capacity operations which had been carried
on for so long. In somo steel centers fur
naces were put out. fi3 the accumulations
were becoming burdensome, and the furn
aces were rellned and repaired so as to be
retaly to do their best when tho oppor
tunity arose.
Another factor In which Improvement has
hecn shown recently has been the weather.
The severe cold prevented high-rate opera
tions In various places, and oven It the
railroads could have handled all the possi
ble production of the mills, tho wintry con
ditions would not havo permitted capacity
w ork.
CLEARINGS INCREASE AGAIN
Total for This Week Exceeds Same
Week of 191C by 1-1.3 Per Cent
Bank clearings throughout the country
contlnuo large. For the week ended today
the total was 14,496,964,790, against 84,947,
149,070 last week and 83,034,008,917 for
tho corresponding week of 'last year.
Details follow:
1917. 1016 p. c
New Tork
Chicago ..
Philadelphia,
ltoston .
Kansas City
Ht. Louts
8. Francisco
Pittsburgh
Detroit
llaltlmore
X. Orleans ,
Kleven cities
6 da)s .
Olher cities
6 days. .
Tots I all
cities. 6
das
All cities 1
day . -,
Total all
cities lor
week ...
12.048,(126 733 11,056 341,073
820.049,748
211,1)01) 3
141,869 783
112,5117,7110
93 240,72.'
63 H24 3411
68,304,012
,IH 8X11,671
27,107,t3J
19.161,210
2nd 1)18,871) 4-211 3
1IIJ 1111,11117 -f-311 l
1311 Hill). 1 mi
110 936 1166
113 824 247
X H
61 II
411 1
U 3
4-0 3
Jll 11" HH24- 89 4
:it.171,8Sll 18 0
22,304.2411 18 0
42.1D4 617
hi a:n,i7N
4 6
COVERING BY SHORTS
MAKES WHEAT STRONG
Losses at Start Are Soon Over
come and Yesterday's Best
Prices Are Passed
CHICAGO. Fob. 21. Shorts In wheat
covered this morning and after further
losses had been sustained In the early
trading tho market rallied nhovo yester
day's close. The selling movement at the
start was duo to nervousness over the Inter
national situation, traffic conditions on the
railroads, lack of ocean tonnago and the
attacks on high prices for food supplies
May, after starting at $1 76 to 11.76H,
rallied Mo above yesterday's close to
81.7G?4c: July, after opening nt $1.4a$, to
U.49'i, moved up a,c above the final quo
tation of jestcrday to 11.50: September
after starting c lower at $1.38. rose to
11.38H.
Private cables said that the grain trade
had been Improved by Premier Lloyd
George's address and tho opinion was ex
pressed that the number of ships would
fcoon bo Increaicd. It was believed that the
world's shipments for the week would be
light.
The market at Liverpool was dull but
firm, The weather In Europo generally,
was bad, and there was apprehension as
to the outlook for the crop.
The receipts at Minneapolis nnd Duluth
today were 250 cars, compared with 591
cars a jcar ago: nt Wlnnlpcp 266 earn, con
trasted with 650 cars; at Chicago 101 cars,
against 2bC cars.
In the Initial trading corn and oata were
easier Tho receipts of corn hero today
were 350 cars nnd of outs 24C cars. Corn
at Liverpool was firm. Oats there were
dull, hut consumption abroad Is liberal.
i-eaciins luiurrs ranged as tolluus
Horn. Hlch
May . 1 70 1.7Ni
Julv , 1.49 1.31's
Sept 1 8 1 41)
Corn (nu- Hnllwr. 1
May.. loots l.nlt
July (I0V4
lints
May . .W4
Julj M'j
I.ard
May.. 17 40
July . 17.43
Wtii
May.. 16 22
Julv . Ill 27
Pork
May.. 30 33
July . "ft Tr.
Illd tAsked
l'oo'i
57'.
63
17 72
17.72
16 47
111 6 J
80 80
S0.1U
Low. Cloe
1 734 1 78
1 4U'i 1514
1.3S 1.40
1 00, tt IH'i
99. 11.no,
r.r.'i
34i
57
54
Yes
Close,
1.70-,
I 4!)4
188H
1004
99i
MU
3IH
17 82 I7B7 17 37
17 37
17 70 117.4J
16 42 102J
11147 16 27
30 43 80 .0 f,ll)30
20.75 J0 1)3 29.73
16 10
111 20
13.102,960,913 12,821,408 021 10 0
490,062 418 401 070,3368 3-22.2
13,502.723. 83l 13,222,486.480 11.5
904 241.468 711.622,428 27 1
14 400 064.799 J3 934,008 917 14.3
MONEY-LENDING KATES
PHILADELPHIA Call. 32 per cent.
Time, 44'4 per cent. Commercial, three
to six months, 44er cent.
LONDON Money 4-; per cent, un
changed ; discount rate for both short and
three months' bills, 5i85A per cent, un
BANK CLEARINGS
Dank clearlnta today compared with corre
sponding day last two years:
1917 1916 1916
Iloston 136 608,860 132.729 068 126 409 821
rhlla 64,880.666 38.697,168 26.692.86t
New Tork... 520,288,077 428.7J3.763 817,074,233
FOREIGN EXCHANGE
NEW YORK, Feb. 24 Although the for
eign exchange market was very largely
nominal, today, a somewtiat firmer tono de
veloped In francs, lire And rubles. After
being quoted at 7.42 for cables and 7.43
for checks lire recovered to 7.40U for co
bles and 7.41 for checks. Sterling and
neutral exchanges were steady.
Quotations follow:
Demand sterling 4.75, cables 4.76 7-16,
sixty-day bills 4.72 ',, ninety-day bills
4.70U.
Franc cables 5.84 VS, checks C.85',4.
Relchmark cables C8U, checks 68".
Vienna cables 11,12, checks 11,08.
Lire cables 7.40W. checks 7.41.
Swiss cables 5,00 ',4, checks 5.02.
Guilder cables 40 016, checks 4 0 H -
Ruble cables 28.45, checks 28.35,
Pesetas 21,28, checks 21.20.
Stockholm cables 29,60, checks 29.48.
Christiana cables 28.10, checks 28.
Copenhagen cables 27.55, checks 27.45,
No gold was received from Canada today.
NeSv YORK BANK STATEMENT
General Increases Shown for Five-Day
Business Week
NEW YORK. Feb. 24. The statement of
condition of the members of tho New York
Clearing House Association for the last
week, being five business davs, shows gen
eral Increase over the previous week Loans
In the average statement Increased 129,
99G,000, while there was nn expansion of
141,978,000 In net demand deposits. The
surplus gained 113,001,650 Actual loan.
wero 115,005,000 greater, tho net demand
deposits 110.503,000 larger and tho sur
plus rose 11,737,720 Details follow.
AVKUAdE
Inrrea.e
Loans . . 13,474,228,000 J26 906 000
Net demand deposits 3.331,444,000 41,978,0011
Net time deposits 167 631.01-11 2,449 (MM
circulation . 2K.(l77.nnn 24,noo
Ueservo In own vaults 531.167,000 13,081,000
Iteservo In Federal lie.
hanks
ojher
servo
Reserve
tarles
Atsreaate reserve
Iteservo required
surplus
deposl-
194,998,000 3 023 000
56,414,000
782 .370 000
612,767,201)
169,811.710
303,000
211 505.000
7,600,836
13,601,630
Of which 1470.796.000 Is specie.
ACTUAL
Increase.
Loans 3,483 667.000 116,003.006
Net demand deposits. 3,632,1(10.00(1 10 601,000
Net time deposits ... 101,794,000 5.803,000
Circulation 2R.773,ono oo.ooo
Reserve, own vaults 631,401,000 5,501,000
Heserve in Federal Re
serve bank 103.035,000 12,002.000
Reserve other deposl . ,.,.
tarlr R6.10n,000 391,000
Aasreeate reserve . , 780,620 000 3.980.000
Reserve required .. . 613.178 060 2,242 2n
aurolus 167,452 940 1,737,720
Of which 1475,182,000 Is specie.
tOecrease.
OUTSIDE MANIC STATEMENT
Increase
1218,400
6 012,700
3 947.201)
.".820.700
2,800,300
State banks
Loans Investments.,. 1398,991,600
(lold til. 201, 6011
Currency bank notes, 23,432,100
Deposits 540:463,100
lies, on deposits 134.638 200
Per cent of reserve, 29,9; Increase, .6.
Trust companlea iiJ ,.n ,Art
Loans Investments. ..11,718 063 000 14.412,100
Oold -. 167.818,800 7.499,300
Currency bank bills.. 20,641.200 1,J 700
Deposits ..., 2.121.337,2(10 18.918.00
Res. on deposits 488,003.800 2n.787.000
Per cent of reserve. 20.1; Increase. .8.
STATE BANKS AND TRUST COMPANIES
NOT REPORTING TO CLEARINO HOUSU
&fdr". .,.n.v.ef!.c.D.,.,...: "J?., J-S88 "'oSW
t'urrsnev bank notea. ii, no.ov'i . .":'"'.
Total deposits 98 (124 40ji
Net deposits R04 88l.8iin
Res. on deposit 236 20'), 20(1
Psr cent of reserve, 82,0; Increase,
Decrease.
i4 ran oiei
2,822 3011
18 3.'6,2O0
1.1.
Oovernm't deposits 1,191,160 60
Due to members
rsserve account.. 46,437.940 40
Uncollected Items,. 17,802,853 58
FenJoS.r.,.--netK.e.,.,rr: S.085.660 00
All other liabilities. 143,058.20
Total liabilities.. 178,680,809 84 170.801,930.53
LOCAL MINING STOCKS
TONOrAH BTOCK8
15,248 030 00
1,616,267.86
60,488,780 71
19,764,486.63
2,016,643 00
'142,830.48
MacNamara
Midway ...........
Mltpah Extension ,
Montana ,,,......
North Star ...... I
Rescue r.ui
... .......
?:. '..5
,j-
Did. Asked.
OOLDFIELD STOCKS
Tllue Pull ....... .....' 01
-llooth i .09
Combination Fraction 04
numnnAlllld H 11 ..,.. .03
Daisy ,,..v..........i....... .03
Oro ...... ii "! .. -oj
Hanasiorm ciiuaii .... i o
flllyer Pick IB
MIs.ni.4lAnnuuo
,08
.16
:.?
.17
.28
,03
.11
.06
.04
.04
.08
,04
1VU Telephone
Spruce 2890
Spruce 2891
Keystone Telephone
, Race 4270
Race 4..71
Removal Notice
On and after February 26th, 1 91 7, we
shall occupy our new offices, Fifth Floor,
Franklin Bank Building, 1 41 61 8 Chest
nut Street and 1417-19 Sansom Street,
Philadelphia.
Benson & Packard
'a N. BENSON, JR.
J. H. PACKARD, Sd
EL INQERSOLL
Members of
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