SB ,; , V i " ' - L W ...ii . . -? - ?"li . .1,'inriBWU-5 EVENING LEDaER-PHii;ADELPHIA FKIDAY, MARCH 2, r 1917 rv PIA . v Our Service fit Dittihctive Features ! Ne. 1 Reionrces ; Possessing .ample resources we are able at all times to select, purchase and main- ; tain a wide list of bonds whose distinctive qualities 'meet every investment re- quirement. The many advantages to the investor who makes his se lection from a large list of bonds selected with dis crimination are obvipus. Send for general circular PH-lOt The Nationality Company 1171 rk.ilt.nl .St.. Phllarlftlnhl IKtw Tort ' CDtesfa Win Fnnrltco Botlon I'llUburgli C T-t. f We Are Specialists In Marlin Aw STOCK This Corporation is about to take over the Standard Roller Bearing Company of Philadelphia Gwynne Bros tS Broid St.. N. V. .Phone lUl Broad & The American Gas Co. f 6 Gold Bonds v ate attractive for the following I; reasons: -,; They provide a Liberal f$ Income. 5y They arc protected by ," large earnings that come ' from a great variety of -L . sources. ! They are followed by g' capital stock, over twice .the J0S amount of bonds, all of '" " which has been paid in, S dollar for dollar in cash. f Send for Circular SS09-D. r g WilliamP.Bonbright&Co.,Inc. m MORRIS WISTAR STKOLll. Jc. l. Manager L 437 Chestnut St., Philadelphia V- N.w York Boston Detroit I.ondon Pari L tVm. P. Bonbrlght Co. Ronbrlght To OON FflNNETST AUTOMOBILE BANKERS Offer special facilities for In dividuals or automobile deal ers to finance the acquirement of pleasure cars; and for business houses to finance the acquirement of commer cial cars or trucks. If you are thinking of purchasing a car of any kind for nny nur pose the FINNKY SYSTEM' will make n belter business transaction for you REAL ESTATE TRUST TUILDING PHILADELPHIA D. Lupton's Sons Co. 7 Pfd. (Cum. Quar. Dlv. Frew of Tax) Edmonton (Canada) 5s 1934 Edmonton (Canada) 6s 1921 Georgia Ry. & Pvr. Co. Ss 1962 New Orleans Term'l 4s 1953 Southern Indiana 4s 1951 Circular and Pric on ipuHealUtn ' Morris Brothers Co, Established MM 1421 Chestnut Street tt.r. t Benson & Packard JIEMHEHS Philadelphia. Block Kxehanga New York Block Exchange Franklin Bank Building 1416 Chestnut Street DIRECTORY lir.ACCUtlNTANTH Certified Public Accountant SV " LAWRENCK 13. BHOWN k CO. M ' lam llKll. pjtitv tihimt nitilmun & I INVKSTK1ATB AND ADJUST PAKTNKR fg. 'i SHIP. JOINT AND DISPUTED ACCOUNT!!. - IIURNB & Hl'KAKMAN " , , TUB ItOUKSiJ WILLIAirE. lIONTEMltS 20 CHESTNUT BT. Fewer Failures in February During February there were fewer mm. jt.mrclal failures than In any month since ufHemDer mis, with the smallest llablll ifi since last November. Exclusive of PMka and other fiduciary suspensions. te- WHU nuniDerea lies and the indebtedness i'tMa Il(.n.t83. as aa-alnst 1540 for SIS.. Ll.l9 lrt January. 1688 for 118,744. j5 rau.ipii in ior j.,iv,oju in eDru-i raw. !, and. 1505 In 1914. when the PHWHint. Involved hwaa 122,354,19:. laUrafttlMtal '8aH ay More TW TOKK., Mart.. International CwMPMrhaa fetWrtM,, a .dlr-dr'd of tar!. mmtmtM t tent m asMMiii' FINANCIAL NEWS SHORTS COVER IN WALL STREET AND PRICES OF STOCKS ADVANCE Brisk Responses to Congressional Action Approving Arm ing of Merchant Vessels Western Interests Take Position on Long Side High Points in Today's Financial News Hears covered in Wall street, this covering being largely responsible for j advances in prices. Western interests on long wide. Strength shown .on Uic start. Uootl advances on movement m money I Curb. Wheal became stronq after nervous awl erratic in cotton prices. New Vork banks gained $15,G07,U7 tit week. Price of bar silver lower. NKW YORK, Mnrch 2. Hriir traders said Hint most of tlio day's Business on the Stock Exchange consisted of n runnlnK In of tlio shorts. It wan n. fnct thnt tho Krcatcst MlretiKth was shown In the ntocks In which tlio short Interest wns most extended rind thnt nn oversold condition had much to do with the brlrk response which wns made- nil through tho dny to the news of tho ronirrcislontil notion approving tho nrmnment of merchant vesnels. In nddltlnn to tho short covering, however, there was plenty of evidence thnt Important western Interests, which have been nut of tho market for a long period, Ifnvo ngnln Inlten n position on the long side, nnd those interests apparently nttnehed far moio Importance to the action of Congress than was shown by operators nnd traders in tlio Wnll street district. It was held In somo Important circles thnt the new conditions established would permit tho resumption of rommorco to nnd from this country In tho customary large volume, nnd thnt there would be no further obstacles to the delivery of the production of the large Industrial plants. Tlio greatest gains of 'the day's operations wcro made In steel shares, with Ilethlehem Steel moving xtit r points In the first half of the day to 12.., while tho rights rose from "h to 7',j. and Hethlehem "II" stock advanced from 103H to 107. Naturally, nwt Importance wns nltached to tho dealings In United States Steel common, which was In brisk demand nil day and advanced 214 points to lOfiTs. The copper group also moved up, making gains ranging around 2 points, with Anaconda nelllng above 81. Marine Issues wero dltectly influenced by the congressional action, both Marino common and preferred advancing more than 2 points nnd Atlantic, (Jiilf nnd West Indies rose more than 3 points. Kail ways Issues fnlled to share In this Improvement because of liquidation of foreign loans In large blocks. One house handling orders of Knglnnd banking agents sold 10.000 Union Pacific, 5000 Pennsylvania nnd largo amounts of St. Paul ami other Issues, causing recessions In the first half of the day, but n good market wns found for this supply, nnd the losses were generally recovered before tlio close. There was n firmer tone to the bond market, with Anglo-h'rench 5s traded In on n large scale from 91 to 02. r'raetlnnnl gains were made in railway and Industrial Issues. CURB ISSUES SELlTAT ADVANCES; MARKET STRONG THROUGHOUT DAY NKW YORK, March 2. The Curb market was strong nil through the day, but the advance.! In that trading group wero far smaller than those recorded nn the Stock Kxchange. This wna partly due to the fact that there was no Important short Interest In any of the stocks traded In nn the Curb, and that left tho market without the Impulse coming from urgent covering by those committed to the bear nlde. At the same time. It was4 hard to buy stocks except nt good advances, nnd the improvement was greater than wns Indicated by the moderate price changes. The war-order stocks foir.d many buyers at advancing prices, with the greatest gain In Marlin Arms, that stock, which was tlio weakest feature yes terday, advancing from 86 to HO. The mining fctocks showed a strong tone also, with some of the low-priced Issues in brisk demand at fractional gains. Magma was the most active feature, advancing from 49 to 49ai. Hutte Copper and Zinc advanced from 10H to 10". and I'lg I.edgo was traded In at -J'b nnd 5. Tho Standard Oil Issues were higher. Standard Oil of New York advanced from 2S0 to 288, nnd Standard Oil of New Jersey sold nt f.SO and 6S3. Roth, Prnrle Oil and Standard OH of Indiana advanced 20 points on bid price without transactions. Independent oil stocks were active ami strong also, with Sapulpa heavily traded In nt 9- and 9V United Motor advanced from 30 Vi to 39. Aetna Kxploslves Am-Ilrltlsh Mfg . . Am Marconi INIirSTIIIAI.S VeH. ilofle. Illil Asknl. (HalH 3TS r. tl. - VTS I 13 594 Hi 31) ; UK H 113 nn 31 10 411 311 II n ns III) A I fij IK K.I :i.i 13 Mi American Writing Paper IVi Can Car & l-'dy 3.'. Can Car & Kdy pref . ... "3 Carwen Stdel I Hi Charcoal Iron "Hj 1'hovrolet .Motors 10.1 Crump Shipbuilding sn Curtlss Aeroplane Is Kmcrson Phonograph ... D'.O Kedernl Dye-stuff in Haskell & Barker Car ..':i: Hendee Jlfg 31 Kathodlon Ilronzo prcf . . 3 I.ako Torpedo Ilont Vj Laurel Oil & Can A Lima Locomotive new . . r5 Marlin Arms Ml Maxim Munitions 3 Mldvalo Steel B3Th New York Shipbuilding. 3H Otis Klevatar .1? Peerless Motors 1.1 Poole 1-: & M so Redden M T 31 4 Scrlpps-llooth 30 S S lCresge w I 13 Santa Cocllla 27 Santa Cecilia pref fl.1 Standard oMtors 7 St Joseph Lead lH'i Steel Alloys s Submarine. 2 1 4, Triangle Film Hi Todd Shipyards 70 United Sugar 3.1'i, U S Steamship n Q United Motors 3Vi United Prollt Sharing . . K World Film 0i Wright Martin Aircraft . f Zlno Concentrating 'i HAll.ltDAIlS Rock Island com 3(1 Rock Island (A) pref.... S3 8.1 Rock Island (H) prcf nn 70V4 Western Pacific w I 18 31 Western Pacific pref ... 41) 33 Wabash Pittsburgh ?t Wabash Pittsburgh pref. .11 ST.NIAIH OIL STOCKS Illinois 337 343 Ohio 387 Prairie Plpo 313 3I Pierce Oil 1W 13 Stand Oil of California. 300 80.1 Stand Oil of New Jersey. I85 MIS Stand Oil of New York. 387 20O lNllWKNUKNT OIL STOCKS Am Ventura 22 28 Harnett Oil & Oas SVi iVi Cosden Oil & Oas 14 Y 14 Vb 7 ',4 10 Hit 2314 Slli 81 311 A'.N 3!) H 7! nn 3W, 3Ti II) 414 13 li 7 10.1 3!IU S3 II) 2IW 18 14 8 It 2114 n 3d 'H 814 3 0811 280 23 2to 14 Y im)i:im:n'di:nt on. stocks- Cosiln & Co Federal Oil Inter Petroleum . . Houston oil Merrltt oil Midwest Oklahoma Prod & R Osaga Hominy Rico Oil Sequoyah Sapulpa Ref Sinclair West i;nd O & C. MIMMi ST Alaska Standard Atlanta Hlg Ledge iilsbuo Copper (a proap) Hutto Copper & Zinc... Hutto N Y Calumet & Jerome Consolidated Arizona . . . Dundee Arizona Knima Consolidated First National Florence Ooldtleld Globe Dominion lioldlloUl Consolidated . ., Ooldfleld Merger Green Monster . . Ilecla Mining Howe Sound Independents Lead Jim Ilutler 4. Jumbo KxtcnslCh Kerr Lako Kcwanns McKlnlcy Darragh Magma Copper Mothorlode Mines Co of America . . . Nevada Wonder ......... Nlplsslng Ray Hercules San Toy Seneca Cop Tonopah Kxtcnslon West Hnd (Jon White Caps Mln White Oak Illil A1.I0 . 1414 1,1V, -Continued Yps. f lone r.s lOli 171-i, 17 il.1 1014 8'4 '! 1ft in a 1 54 21) 13 4 II Hi 2i IU 114 314 211 14 .18 7 1 7"!i 014 II 73 20 114 I!) ft I 49 38 m Hi K 4U 14 1314 3i 08 Kill 3 114 11)14 III 17TJ. 11.1 111 8 ,-, Hi Hi!; filOi 3.1 ft II ft !'. 1114 Sal) I I'll II'K 18 10 81i II If. .1314 1314 I'd 10 IIOMIS lieth Stl Cs 2-yr notes . . osii Cudahy Bs 08 Cosdon OH 6s old. 314 3 114 3 24 (1! 8 114 7-f. O'Vt in 77 28 4 r 31 .14 4UTi 4(f 3! SVi a it lit 10 1314 3!i 73 IDA 0814 riD Hi u IT 114 714 1ft 8 0 7.1 37 30 r,:i 470. 38 8 41A 13 131)4 3 i no 01 0814 Cosden & Co now 6s 10H4 . .100V4 looaj ion French Munlc 6s Mldvalo Steel Bs Russian Gl4s Russian Blfcs Sinclair Oil 6s Todd Shipyards Western Pacific now Ss. N S Rub n 6s Southern Rwy Cs 01 DSH 03 817a 110 09 884 91 08IJ4 03 03 on 01 8Vi 11014 101 so V4 0414 00 100 00 0314 8.1 100 04 NEW YORK BANKS GAIN CASH NKW YORK, March 2. Tho known movements of money for the week ended with the close of business yesterday Indi cate a gain in cash by the local banks of J25.607.I47. They gained from tho Sub, treasury on account of gold payments, J39, MS.000. On the Interior movement a loss of $1,078,553 was sustained and the New York Federal Reserve Rank had a net gain at the ClcarinB House for tho w'k of 13, 162,000. MONEY-LENDING HATES NKW YORK No change was noted today 'Ino rates for time loans secured by good mixed stock exchange collateral. Quota tions; Sixty days, 3C4 per cent; ninety days, 4P4H per cent: four, five and six months, 4 4 14 per cent. Industrial loans are quotfcd U to 14 per cent higher than these figures. Prime bank acceptances nro unchanged at 3H and 3 per cent on eligible and 414 and 3 per cent on nonellglbtes. Call money opened at 2,i per cent, the low, last and ruling rate for tho day. The high was lVt per cent, and the close was 214 b'hi percent, 1'HItAHKI.rilIA Coll, 3H Per cent. Time, 404 14 percent. Commercial, three to lx months, 44H per cent. ).vnuiinvMnntv. 14 U ner cent discount ..,..-.. -----.. i .- .. ,.,. hi .M.ilWRJIUiilwiM , 7, FOREIGN EXCHANGE NBW YORK, March 2. The market for foreign exchange opened dull, but In the main steady. The single Exception was ru bles, which were a shade easier. Stockholm showed firmness. Demand sterling was quoted unchanged from, the low point of Thursday, 4,76. Cables were unchanged at 4,76 7-10. Other quotations were; Sixty-day bills, nominally, 4.7114 ; ninety day bills, 4.69U. Franc cables 6.84H, checks 6.8694, Relchsmark cables, 68 H. checks 6814, Lire cables 7.72. checks 7.73, Vienna cables 11.12, checks 11,08. Guilder cables 40, checks 40 6-16. Ruble cables 28.23, checks 28.15. Swiss cables 6,0014. checks 6,02, Pesetas cables 21.22, checks 21.13. HANK CLEARINGS Hank clrarlnna today compared with corre Dondlnc day'laat two yrara: 1017 1DI ' 1015 rblUdalphla.t75.OV8.n7ll 148,980.633 127,421,007 New York,. 71U. -'.IB. 7M 607,783.812 2.13.1111. 4H5 lloaton 44.-J82.322 34,070.013 :2.77hlS8 llaltlmore ,. 7,Stt2,922 7.748.MHI 11,0111,170 Chicago ...109,001,38(1 7.342.H2 65,701,103 Jit. Loula,., Si.W.MI 1(1,980,0011 11, 010,274 Advances Trice of Lead NBW YORK. March 2 The American Smelting. and Refining Company has ad-' ?vMi t.b pri 01 imo irom (..tov New York Stock Sales Illsh. Iiw. Close Alaska Juneau ... 7 7 7 Allls-Chalincrs Co. 514 2.1 2,ft do pref 8.1 83U 8.1 Am licet Sugar. . 88,i 87M 884 Am Can 43 4214 42H Am Car & Fdy Co 0,1 my, Am Cotton OH. . . 41 44 41 Am II & Leather. 1114 H HU do pref 03 no A3 Am Ice Sec 2(i'.i 20 2014 Am Linseed 10 10 '10 do pref ftSVi 1314 34, Am !ocomr;tlvc . nojf, 08i4 to Am Matt prcf tc. 4014 49 4014 Am Smelting .... s 00154 077fc Am Sm prcf A...too4 10014 10014 Am Sm pref 11.. or os OJHi Am Sleel Fdry 00V4 80 Vt l"li Am Sugar tlo 10314 Ho Am Tel & Tel 135 13.1 12.1 Am Tobacco 308 308 308 do prcf new 10.1 10.1 101 Am Wool 107!, 40K, 49U Am Writ Pap prcf 41 41 41 Am Zinc & Lead.. 37 3014 3014 Anaconda ...1... 8114 701I 81 Atchison 103 10114 103 do prcf lioOi OOli HOli ACon Illr & All Pf 1314 I Hi I1K. Atlan Const Line. 111 111 111 Atlan Gulf & W I. 110 III 0.714 llaldwln Loco Co.. .1314 nl'.i 31f, Rait & Ohio 7.1 7414 71 Harrctt Co 11814 11814 11814 do prcf 11314 IMVi 11.114 Ilethlehem Steel.. 127 131 137 do II 10714 lOHi 10? do rights 7Mi 4 7 Hiook it T nsi nn ns'ji Hums Rros lis 110 lis Hutto & Sup Cop. . (Hi 4.1 I (1H Cal Petrol 4 33 24 do pref 80 fi.1 ,10 Canada Pacific. ... 1,1314 1SI14 I.1H4 Cent Lcithcr .... 881t 8.114 M do pref 11314 H34 11314 Cerrn do Pasco. . 3D ViH'i 3!l Chandler Motors. . 08 08 1)8 ('lies & Ohio 68 A714 r's Chi (Jt West prof. 31 SIT!. 31 (hi M RSt 1' sni 70 nniJi Chi & Nwn 11.17, 11.1 111 C IS I & P flfs dp 27 37 27 Chili Copper 221i 21 33Ji Clilno Con Copper 38 .10 .1714 Col Fuel & Iron. .. 10 4.IT1 -irKii Col (las & ICIec. . . 4214 41 13 Col & So Int pfd.. M S4 ftl Consul Gas 13114 121 1311) Coin Products pref 31 20 2lli do pref 10114 10114 Kll'4 Crucible Steel 0.1 01 ni do pref 11314 11314 11314 Cuba-Cn no S pref 40 3714 40V4 do pref 881i 88 8814 Doner & It (1 prcf 20 30 2! Dome Mines .... 10 10 111 l Milling Secur... 33 2214 23 L'rle 3.1 2.1 3.TH do 1st pref .... 30 30 30 do 2d pref 33 33 33 Gaalon Williams . 31 31 31 liencral ICIec Co.. 1 R.i 14 IB.114 in.114 General Motors ..111 101114 II Hi Goodrich, 11 !; ... .1.1 .1.1 ,1.1 Great Northern pf. 1 13 113 113 Gt North Ore subs .12 94 31 t Gulf State Steel.. 1 10 no tin Hartuian Corp ... 70 70 70 Illinois Central ..100 100 1(1(114 lnplr.itlon Copper .18 ,17 ,17 Interbor-Cons Cor. 13 1314 1314 do prcf 0.114 Ol'j OS 14 Int llnrv of N ,1.11.1 11414 11.1 Int Harv Corp.... 7.1 14 7.1'4 7.114 Int Mer Mar 37 2.1 37 do pref 73 n 7314 Inter Paper SI 33 33'4 do prof 0.1 HI 14 0.1 Int Nickel 1 114 41 11 loa Central 3 3 3 Kayser .1 13(1 13(1 130 Kelly Springfield, r.l .13 ftl Kennecott Cop..? 13 14 1.1 14 Laeka Steel 711 78 7814 Lake Krlc & W. : In In to Lehigh Valley 7 Hi 71 7114 Lee Rubber & Tiro 18 18 18 1, & M Tob Co pf. I3n 1301,4 13014 Long Island .... 40 3 10 Mackay Cos .... 88 88 88 Max Motor r4 34 A I do 1st pref (1714 0714 0714 do 2d prcf.... 31 34 34 Mex Petrol ' 8n 8II4 sn Miami Con Cop.. 38 381i 38 Mo Kan & 'Vex . . 7 7 7 ills Pae efts 11 nn 11 do w I 20 2814 211 do pref w I ,13 ft3 .13 Mont Power 01) M8V4 H National His 11.1 lift 11.1 Nat Cloak & Suit. 70 70 ?!) Nat Fuel & Stpd. 3314 S3V4 3314 do pref 08 08 08 National Lead ... 3d 14 ft.lli ftn4 Nev Con Cpr ... 2.1 24 2.1- New York Cent .. 01 1)314 ' 01 N VX1I4II... 43 12 4314 N Y Ont & West. 24 24 24 Norf South 2.114 2.1 2.K4 North American., (in no no . Northern P.iclllc. . losvt 10314 103 Vt Ohio Fuel ftl ftl Bl Ohio Gas 100 !)V4 007!, Ontario Silver .. 6V4 ftV4 ftV4 Penn It R .11 54 84 I'eo Gas & C 0.1 2 0.1 Phlla Co 37 37 37 P. C, C k St L. . 7.1 7.1 7.1 Pitts Coal ctfs td 1114 40 Pitts Coal pr ctfs. 113 III 113 Quicksilver s4 314 3 14 Ry Steel Spring . 1!) 40 49 Ry Steel Sprg pr.ton ion . 100 Reading 93 007;, 93, Rep Iron & Steel. . 77 70 V4 77V4 ISep I & Stl pfd. .10114 10114 iniVi Royal Dutch tict. 03 fioit 03 Saxon Motors . . . .13 ft3 f3 St L S F 2()7i 20 20 Shaltuck Ariz ... 27 2714 27 Sloss-Sheff Stl & I 00 R7V4 00 do prcf 01 01 01 South Pacific .... 03 01V4 031t Southern R R ... 2714 27 37Vt do pref .1714 67 V4 .17 V4 Studebaker 100 09Vi 100 Stutz Motors .... 4.1 4.1 4.1 Texas Co 237 223 V4 233 Tobacco Prod ... ftl SI 14 63 V4 do pref 09 99 00 Cnlon Pacific 13114 133 134V4 Cnlted Alloy Steel 44 44 44 I'nlted Clg Stores. 08V4 08 08 rnlted Drug 70 79 70 United Fruit 140 140 140 V S Ind Alcohol. 1331i 130 132V4 U S Rubber .... ftl .13 64 do pref 107 100 107 C S Smelt & Ref.. 6714 0 6714 V S Steel 106 10.1 10BV4 do pref 117V4 116 117 Utah Copper 111 110 111 Va Car Chcm .... 39 37 38V4 do pref Ill) 110 110 Va Iron C & C... ft.1 ft.l s Wabash pref A .. . 48 48 48 West Md pfd 40 40 40 West Union Tel.. 03 03 03V4 Westlnghouso Mfg 40V4 48V4 40 Woolworth 139 130 139 Worth P & M 25 25 23 Wheel & L K .... 14V4 14 14 do pfd 30 3AV4 3d 14 WIllyB-Overland .. 33 33 33 Wilson Co 03 03 03 Net thai". Vt 114 114 1 114 1 V4 14 4 Hli IV4 1 14 Vi 114 114 3 ' 1 t- 4 14 4 314 4-1 14 114 1 I 4 314 4 14 4 3 4 1 4 1 4-314 ' 4 3 ' i 14 14 4 1 14 4 I 4 3 1 4- I 4 4 4 14 1 4-' '' 4- 4- "ii 1 1 114 3 4- 14 4 I ' 1 4l" 1 V4 4 1 4 3 14 4- Vt 14 3 3 3 41 4-1 14 V4 1 3 4- 4- ' 4314 14 4- -- Vi 4-Hi 4 1 3 4 1 4- 14 t t 14 t Hi V4 Vt 4- 3 'i" 314 1 i" ii4 1 14 3 Vt 3 74 i V4 .1 3 " 1 1 1 214 42 4-1V4 4-2 i 114 4 2 4 2 14 1 1 1 1 IV4 V4 314 Sales in Philadelphia 3 23 n 60 7 inn 31 31130 20 ftfl 300 1.1 1120 ft 211 10 213 20 23ft 30 1088 KIM 200 ,1 Tnlnl II.KU ft.1.787 Mluire f.1.100 0000 A00 1 3.1(10 moo 2000 2000 2000 4000 21000 1000 2000 lllth. Am fins . 120 Am Wool. 48 n & H t c pf 6.1 Cuban Cano Sugar pf 80 V4 Cam Iron. 43V4 i:icc Stor.. ni Ins CoNA 37 LkSupCrp 30 l.eh Nov. . 81 Leh Vnlley 71 Nev Cons 2.1 North Pa. 0314 Pennn It It ft4 Pa Salt Mf 9.111 Phlla Co cum pf. 1314 Phlla RIee 3314 1'HT tr cfs SOU Ray Cons .2714 Reading . 0314 Union Trac 1314 Vn G Imp. 01 Vi U S Steel. lnn Wm Cramp 83Vi York Ry pf 30 t,ow. rio. 110 ito 48 48 S3 66 Nt rhse. 3 80V4,, 314 Hi 4.1 03 27 20 8014 7 1 It 2.1 0314 6414 0.114 4.1 (13 27 2n 8014 7114 2.1 11314 11 '9.114 4214 1214 3214 3214 29 3714 0114 1314 00 10.1 83 30 14 3714 0214 13 00 10014 831: 50 30 14 4 Vt 4- 14 -I- 14 14 li 1 4- 14 2" 0 I Hi wet U. 78,on.i Net rose. alra, 11,138 lnrr. rnm.inrrrl Mmrr ftrriin.ii tuns nir 111m lmrr! Mime rrrlod In! rrU, I"1VII4 Itlah. Low. C!o' Am Gas & Klee 6s. on Ofl',4 0014 Vt Raid Loco 1st Bs. . 101 Kit 101 City nit teg 1s.. 10314 10314 103'4 Klee & Peo Tr 4m . . 81 83 83 l.k Sup Inc Cs .13 A3 .13 ,J Leh V eons 4'5s '03.10074 100 10074 Peniia Co gen 4',jsl02 103 103 14 Pa & Md Sleel (ls.10714 107(4 10714 Phlla Co Cons Bs 8914 89V4 R"14 14 Phlla Klee Temp Bs.101 101 101 14 W N Y & Pa gen 4s 8.7 8.1 8.7 3V4 York Rwy 1st Bs .. 98 0814 0814 4- 14 Tnlnl nlc, 801,3011, rnmpitrrd nlth MS.700 Jf-li-nliu 1 thus f.ir this wfrk, 8381, .VHIi Mime lirrloil hut nrrk. SliH.KIO. Local Bid and Asked llnliln-ln Hi III .1 (I Hllir k Sua, I t c ,lo rref t e Klee .HtnrHRp (Iprierul Attphalt . . . flu prcf KeVKtonn Tel I.nkr Hun I'.irp . . . . . I.ctiUh ,Vhv l.rhlKll Vnl l.i'iiluh Vnl Tr do pref linnlanla l'lilla lllpctrlc ... . I'll I hi Co do ft per c.-nl pref. do 0 prr cnt pref. Phlla II T 1 c llrmlini; Ton iiclmont Ton MlnhiK Cnlon Traction .... It (1 I . It S Steel York Itwy do pref Win Cramp t c. . . . Toil iv Illil Aakril. r.2'i .VI (U r.:i c,:i' 21 11 m 2(i si 71 .11', .; :iii'j 311 il'i 211 l2'i i'. ns 43H ll(l'4 04 ill 20 (1.1 13'4 21 si '4 7I'4 Jil Kl'j r.i, 33 3714 an I2'4 - II2i l "A 4.1't HI. .Kirt'i lin;4 .13 11 . sr,', :id'4 . S3', sin Yeal Ill.l. .n" 2d 113 .1.1 112 2.1 i;.-,"i I2. 111 Ml 70' 2.-.V, 4.1', r,i 321, :m4 30 41 .sijn in 4 d'4 13 , Sll'4 KU'i 13 :i.-,14 S3 tenl.iy AakPil. noli 21 in M 113 2Ci IKIU 13t 2(1 KCi 7II 4II'4 r.i. :i2'4 37 .T.I 43 211 014 4j' 4314 no li44 14 nn'i si LOCAL MINING STOCKS TONOPAH STOCKS MftrNamnra .Mlilwny MIziMh Kxtenaion Montana North .star Keucuo Hula noi.nriKi.D htockh nuie nun lloolh -. Combination Fraction Dlnmondtleld II II Iialsy Oro Snnd Ken Sliver Tick Arizona ttnlteil Tecora llnlnif MISCKI.I.ANKOL'H nid. .07 .17 .14 .23 .1 I .24 .01 .1(1 .11.1 .113 .11.1 .02 .11.1 .11 .6(1 .12 Asked. .(I'l .111 .16 lift .211 .03 .12 .11(1 .01 .(Vt .(II .0.1 .12 New York Bond Sales 1220.100 Anclo-rrencli S Ii2' asiliiii Am i'nreluii Sec .".. lift. 4.-.(lll(l Amer Tel .la Illl 2IMIH .In ell 41" 1IIIS I11111111 Amer Writ Pap ,7a... mi'j 2IMH111 Armour Co 4'h ii:lfck 2 llillll Atchison 1,-en 4a lit'. nilllll Atchison udj la H.V, IHiull Halt & Ohio ..H Ii. Jlillllll 1I0 ev 414 a Ill Anno Unit A; O Hun 3'js.. Ill llillll 11. Ill .Slecl rf.l r.x ... Hilt., llllilil lln.okljn It T As lilts. H'.i .iiiiiii can uovt fta 11120 inu iiiniii do oa iu;il .llillll r- (' C & Ml I, 4. . llillll Oil (iiia & Kl.r r,s 7(1(1(1 Cent Leather lat .'.a.. 1111111 rein rae lat 4 2II0II Cent 11 It N .1 fls . . 3IMIII Chea & Ohio cv 4'a. .'011(1 1I.1 4'4a 70IIII do conv .la Jllilll Chi & Alton 3a . . . . moil Chi k Nun 3!ja . . . 12IIIMI Chi L'n Htil 1k . . 3'Jlinll Chi II & Q Joint la. 7(100 chl M & M I1 conv .', 2111111 do cv 4',4 .10(1(1 do Ken 4' a a 17IIIUI Chl II I ft 1' rf.l 4a,. 3(1011 do la lllllll Chl Itwy .7a 22.1(10 City of I'.irla lla. ir,iiii(i Corn I'rml r,a 11131... mini lien ft Itlo Or 4. ... I1111011 Delrolt United 4!ji.. 411011 i.;ri tony 48 aer it... Total anlea. 433.300 ahorea, rompared vrllh 130 4IMI aharea etrrdayi thiia fur thla week, 2.128.300 ahareai aaino iwrloil lant week, 2,183, 400 anares. DAR SILVER I.ait 1017 Today. Yea. Krl. High. I.o-. York (rental 76li 7i 77H 70 74 n (pence).. 3714 371 S71. 38,', 371 V.ir London New River Ijo. Resumes Dividends ROSTON. March 2. Tho New River Company has resumed dividends, with a declaratlop of tl.SO upon the preferred stock. Japan Gets More New York Gold . NEW YORK. March 2. Tho Subtreasury has transferred 1600,000 to San Francisco on account of a shipment of an equal amount, of cold to Japan. Sugar Prices Unchanged NKW YORK, March 2. Klne granulated sugar was "-unchanged, with prices ranging Hum 1 10 b- ino ia r.aio or poi v;uoaa 111(111 (ien llln ,ltl, 2IIIIII 111 Slii-Kihb iaa. . lllllll III Central 4s 111,72. llillll do 4a 111.13 lllllll) Intern Mel 4'sa . . . 25 1 lnterb 11 T ref ,1s . Kinn Inter Mer Mar 0a . . lKMKi Internl Paper ft a ... 100(1 Inter Aur .Is llionil l.aeka Mid ,1a 11123, lllllll iln fta 111.11) lllllll Laclede. Uaa lat .la . 0000 l.k Hh deh 4a 1028 . Union do deh 4a lii.11 . . . lllllll L V of N V ion 4'ia IftiiO l.onit Island rfd 4a. . 0(1(1(1 Lorlllard fta ...;.. 2IIIHI I.ouIh ft Naah 4a ... r.liou .Me Pet Co lis Ser A Minn Milwaukee (laa 4a . . 3IKHI Mich Cent d 4a 11(1(1(1 Mn Kan ft T 1st 4a. . 1180(10 Mo I'nc 4a w I Lion Montana power Sa. . . IHIilll N V C ft 11 i',a 3.7IMHI do 4'4a hllllll N V City la 11157. . 1 (lllllll do 4a 19.1S 20011 do 4U men .. . lllllll do 4', ' lllli:i . . . 2IIOII do 4tja llllll ... 111(10 1I0 4Ua Illil.-. . 10.700 N v N 11 ft II cv 31a a 1.11,10 in os 11(100 N V O ft W lat 4s. lllllll N Y Itwy ref 4s. . . 21111011 do adi fta 200(111 N Y Tel sen 48. . . inno North I'ae prior 4a. llillll) do xen 3a 20011 Ore 8 Line ref 4s. . 11001) Tac Coast 1st Bs... 1.7000 Paclflo Tel fta Iiiniii) l'fiiim cen nt 414 a.. 11001) do en 44a "llllll Puh Herv X J fta. . . joon Pere Marquette, fta.. 10(111 HeaUInu sen 4s lnillin Hep I ft 8 fta soon tit I. ft H I' alt lis... l:,oil do In fta 32000 do 4a Ser A 28000 do fts Ser II loun St I, swn lat 4s . . . 2000 Heaboard A I. sta 4s "0(H) South Dell fts 47000 Houth Pac cv 4a unnn do r'd 4a 20000 Houth I'ac cv fta lliiiun Houtn itwy gen 4a... .limn do con fta, noon Teaaa ft Pac lat fts. 1111111 Third Ave rer 4a... 200(1 tl 8 nubuer lla Union IJ 8 Steel 8 P fts. . . .,111111 union i'ac 1st 4s. . . , Iiiniii do cv 4s, mum do rfd 4a 41000 Un Ilwya s f 4a 11211(10 U K of O II ft I fta... 111100(1 do ft!4s HUH.,..,. 3.70011 do ftWa 11110 new, . 1420HU do fiuja inill,,.,,. 122(100 do ftlia 1021 joiioii va car inm na, 10110 Va Ilwya fta,,,,, '.'Olio Wllaon Co lla..,, ......I ,. UUn. . ,,i, ..rat num. ..,,.,, Iln'il U'l-eellnif ft U n 4a., 1000 Wlscon Cent lin'li, H7'n 82 inula mis niiii 11H liOHl (IP, 82 ton us .ion; lisS loin, 73si . 8H! lll'.Jj II3U . I'll 81 '4 . sa9; , 74U H11I , 112 , 8!l4 , SS . IIK4 II7H . HI , 1111 7P4 10(1". . IIS1, 4 101 , lift , US mull . Ni .101 . 114 1(111 . 113 . M)4 . 7i . IW4 . mi"4 . 111s . 118 . 10(114 .too' .HUH .107U ,III2"4 liiul? .riS III- . 78'i . 118 . .TS . ST. . in . 117 . I12'i . ns4 .1004 ! m.71,4 . 11 iu 113 II4H 100 V, 72i B2 07Vi 8.1 77 78 4 lnnu 8.1J OH? .JIIO .llllla llll .102ji .llllK . n.m . H21i . 411 nn'i nsVi OR'k II.IVi III ; 08U. .iniTS 87 Low HIS 11.1', II111J3 llll''. Ml in li.llj HI .lli liu HI'S 111 im'-i liu'n, 117 HT'v h'J Inula mi mi 118 82i KHTa mn! tilVa 82 Km "7'4 111:)1. Cloao 112 'i lift1, 1lHIS4 mi'. Ml', !I3', 04 s:t !!? 11.1 111 Hill, Hill. H7 H7'4 N.' 1ll"'i llll till 1IK h-'ia NsVa llll1, 1114 K2 inn 117 UMls US, ln nn". HH. 101. 7.1, 734 h414 SNU !!! ' M llll 112', I'll Ml, ?.?. Illil 112. Ml4 SN nsu 117 nt llll 71 '4 10114 1151, llll 115 in1; liiiiT. 87 nn I) 4 "i 11.(1 113 8!l4 711 (I.1J4 1074 074 mm, inns mi. 107' 102V, ins'.; ft7 102 7S'4 IIS ss lis; II nil '4 021 IISJ 100. 102U 111,1 01 113 1141 looli 71'a ftl 14 07 '4 841 77 7!l4 ion 14 8ftS 1)1 u, lnou. 7(i'4 Kit ll 7" , 102i 10.71? II2' 014 nS HIT. 118 OS lift HS4 Kill II8I4 11114 no 71 87 i II lull, l'.l'4 llll H'i Kl'i 74', mn P2. Ml4 SS nsvi M7 ill no 7114 ion. 1)514 101 11.7 11.7 liini. S7 mi 1144 inn l3 Sll4 711 mi', 1111. 1U74 071 kiiii, miiH 101 ft 107(4 102' r,74 102 7ST4 IIS 381, US, III on; 02 s us; Kio4 I04'i 10s ' 01 '.4 1)3 114 4 moH 721 (Tt'4 8.1 77 71l'i loo '4 814 (114 lft(lJ 70! 101V4 nu 78 102 S m.iJ 07 112. III :, (in 11814 lis ns'4 in' ion DNS iniK no 711 87 ..J?i2! Bl,",i 5il?. compared with 3,. 87.000 eler;lai thus far thla week, SlS.OOft . 000 1 same ixrlodiast week, 113, 6311,000. Cubans Buy Sugar Contracts NKW YORK. March 2 Cuban Interests continued to uccumulate sugar contracts at the start of the futures market, and first m-lces ruled steady, unchanged to a decline or 2 points, with kales on the-call 2EQ0 tons. There, was also some outside buying and the market has the .appearance of broadwise MfttV cj ' - - -' " "- fflfe4 a it m. JMAL. X.-"' '':'",''; .',i'j Jfa tt a t TO ANNOUNCE METHOD OF ADDITIONAL PINANCIKG S0( Board of Directors Has Not Decided on Plan Company? Stock Active ana jugner iims m Market Better The L'nltcd Oas Improvement Company will need additions! capital for tho current flrcnl yenr, which started on Jnnunry 1. Tho board of directors of t,ho conumny has not yet decided upon the method to secure the additional capital. I'or some dnys the (lnnnclnl illMrlct h.is licnril n report that n stock nllotmcnt of 10 per cent woyld ho decided' upon by tlio boald, which would nmotint to J5,C50,205 on tho capitalization of $SS,C02.9i;o. The matter of the stock nllotmcnt. It can be said, Is nnd hns been under the consld oration of the hontd. As the decision of the company must be announced sixty days beforo the nnnunl meeting, which takes place on May 7, only 11 few days remain for nctlon. Therefore, nctlon, In nil probability, will be taken by the board In the next few davH. Tho feellnB throufrn the financial district ..... ... tniti, tntt,r iiiiiii 11 linn been on nny previous day of tho week, but while the traders in commission nouses nun on the floor of the Stock Kxchanpo were more bullish In their expressions, the IradlnVpJ stocks did not show nny material' .?.l slon. The changes .In prices, howav.. " mostly on n scale upward. The gnnl 11 not l.irirc. IS.' With the start of trading there w.ft good demand for United Oas lniprovemJl' stock nnd it wns soon advanced 1V4 Daw above the final figure of last nlirhi .2 ! of this gain wnn not held, nnd later obi '1 the day the stock lintl to give way to U' ."superior as nir ns activity was concern, i: After opening nt 20 the price wna ..S, up to 20. Philadelphia Hapld ttZ,. ,..., nn.llllnlna cn.l I'hU.. ... . ' nl very little during tho day, hut both:.2 vnnced 11 trllle. jL Tho Improvement In these two Issues vi? more tho result of n general upward mnK ti.n.it In (lift tilarlinl Ihmi In ...... ... '" "-" - ...... ..w ....... iu .iijf oiner ca. velopincnt. The report thnt tho city tZ the company would yet "get together'til., tho new trnnslt plans wns lnterealln J! the Street hoped thnt such would ba'tS Financial Briefs M n meeting of the hoard of directors of tho Pennsylvania Lighting Company, V. W. Ilacon was elected n director to suc ceed S. Wynne Kfoulkes, resigned. At the meeting of directors of the Willys. Otcrland Company In Toledo, O., today. II. T. Dunn, vice president, resigned, asking to bo relieved of his duties by May 1. The New York Subtreasury lost $:,00S, 000 to the banks yesterday, making a cash net loss since Krlday of $39,748,000. The stock list committee of the Philadel phia Stock Kxchange has stricken off the regular list the preferred nd common stocks of the Pittsburgh. Cincinnati. Chi cago and St. I.ouls Hallways Company. There has been elected to membership In the New York Stock Kxchange Kdwin A. Newgass, Clifford J-nngley nnd Itobjrt (J. .Kennedy. KAILKOAI) EAKNINC.S NOItrot.lC AND WKSTKHN' t!U7 14.002.1.11 2.113.717 2 1.111. 22 1 1.MIII.12.1 Increase. 1423. 711.1 2ID.II2II 231.S.7S 227.877 J53..7.77 18,1,r.2.1 311.231 J312.3IR 72.003 Jan. oper. revr:ni"., Net oper. reel.ue Orosa Income Net Income WABASH January ureal J2.012.M0 Net (llll. .1111 Donclt 3(1. ins IIOSTON AND MA1NK Januarv croa 11.518,270 Net niter Inxea IHIl.'JII.I CI11CAOO (1KHAT WnSTKIlN January Brosa 1,332.(IH3 inn.34S Net J .112.11111 411.2111 Surplua 11.7.02.1 311.821 Seen months' cross.... o.liso.ini l.Ko.nii.i Net 2,li!iit.37il 4S1.H33 Surplus 1.147.1RS ft3l..1.13 di:nvi:u and 1110 (iiiandh January Brosa J2.20.1.733 1470.207 Net .." Illin.121 181,021 8urplu 410.4.15 122.7.11 rnni: MAnqciiTTn J 1.7.70.8(10 4.7.S.7II 43ll,(10'l January Kresa I)ef. after taxes lief, after rhnrnps. . . . Seven monllia' Brosa.. Net nftpr laxea Def. after rhnrsea. 13.11311,420 IMIIlH.lftH 111. 115 HS1.801 3311.02.1 217,11(1.1 1 I3l.ll'.l2 320.31111 3111.330 23,S!I3 32,240 21.4.12 14.537 VIHQINIAN IIAIIAVAY January urosa s.!4i'"0. '-'!! Net .1111,815 il.Sft(l WAIIASII 1'ITTSIIIJitnil TnitMINAI. ft W. 8. II1II.T Janinry Broa Jl 12,521 'tt.M Net Surplus NASIlVII.l.i:. CHATTANOOCIA AND ST. I.OL'IS January Kroaa Jl. 2113. IDS J140.07.7 Net 25S.323 14,378 SntJTIIllItN K.II.WAY . January Brosa ! 701.151 - Jl.fiS.l.sno Net 2, 1124, 13rt 47.1,7.17 Seven months' sroaa. 4il il'i7.D2ii I! IK3.C.S.1 Net II. 078.01.1 2,ftH4.53S CINCINNATI. NKW Oltl.llANS AND TIlXAi! I'ACIl-'IC January Krosi il,nS2.Rsn tl.11.274 Net 311.4112 -liO.r.14 Seven montlis' Bross ... 7,2.1(l.2l',2 1112.212 Net 2.17.1.1)07 831,232 NP.W VflltK c'lINTItAI, LINKS New York Central and IIuiNon Illier (exclu- alio nt Huston nmi Aiimnyi: . .J1.1.1HI1.S73 tl. (112,818 it,;ii.;i'.i.i ii.ii.Mi7 l,li,l,U.'3 J.jnuary iirosa Net Surplus lloaton nnd ai;md : January Brosa $7.(177,171 Net 278.48.1 Surplus 1107,1112 rittsliutsh and Luke llrle. January Kross Jl.sni.cos Net . 40S.547 Surplus 423,442 ALABAMA OltKAT SOL'THKltN Jn"inry srosa J.vni 1n7 JRn.170 Net 103,033 37.203 Seien niiintlia' sross 3,.7'i:i.2Ih 4211.11117 Ntt 1.2311,11110 317.0711 TOI.KllO. ST. I.Ol'IS AND WKSTKItN Third week Kelirunrj.. . Jl.H1.0si 1:1.300 From January 1 8HI.S77 77.131 Decrease. 1)7.7, 13.1 tno.ftss 152.8113 171.133 $.70.31 S R1S.N11 2.77,(120 , DIVIDENDS DECLARED I'nlted LIbM nnd Hallways Company, regular quarterly of 1'4 per cent on preferred stock and 1 per cent on common atoik. iaablo April 2 to Block of record March 13. Contlnental-Kiultnblo Tltlo and Trust Com pany, reBulnr aemlannu.il of t2 per shnres, paMililn March 20 to atoctc of record March 13. Cleveland Rallwav Companv, reBular 1', per cent, pavable April 2 to holders of record March 17. Mexican Tetroleum ( ompany. Ltd., usual quarterly of $2 a ahnro on the preferred slock, pjinlile April 1 to hnldera of record MnrcliJ4. Pan-American Petroleum and Tranaport Com panv. recular quarturlv of tl.7ft a share on the preferred slock, payable April 1 to Uoldera of record March 14 United Llfflit and Hallway Company, usual cuarterly of l',4 Per cent on the preferred and of 1 per cent on the common stocks p.iable April 2 to holders of record Marih 1ft. Cuba Cane Suwar Corporation, reffular quar terly of li per cent on tho preferred atock, pavalile April 2 lo stock of record March 13. Yukon flold, resular quarterly of 1 V4 per rent, payable Starch 31 to atock of record March 0. Alaska Trust Company, miliar quarterly of tl n share, payable March 31 to stock of rec ord March 11 Ahmeek Mlnlnir Company, quarterly of tl. payable April in to stock of record March in. Pierce Arrow Motorcar Company, reaular quarterly of 2 per cent on Its preferred atock, payable April 2 lo lmlitera of record March 15, Young Bankers' Meet Tonight Tho Philadelphia Chapter of tho American Institute of Hanking, reprcrentlng the younger bnnkliiT clement of Philadelphia und nearby, will bold Its regular chapter meeting tonight In tho chapter rooms In the Hornor llulldlng. Christian DJorup, of the New York University, will discuss "Acceptances," and Thomas L. Pansier, president of the Philadelphia Assaclation of Life Underwriters, will speak on "Life Insurance as a Factor In the Business World." ' GOVERNMENT BONDS 2s. registered. 1030 2s, coupon, 11(30 Js resistercd. 1018 3s, coupon. 1018 4s, registered, 1023 4s, coupon. 1025 3s. registered. 1040 ., 3s, coupon, inm , Panama 2s, registered, 10.H1. Bid Asked uu 1UO ... un ...mo ...1 noli ...1U8 ...mn ...mo ...ion . osu Reserve Banks' Discount Rates Boston .... New York. . Philadelphia Cleveland . Itlchmond Atlanta ... Chicago , . , u. 1 .. iltnneapolls .1 . Kansas City.., 4 ',4 lljlluu San i-'rancfsco 10 or Over 111 ' (Jver 30 Over 00 less, up to . up to I0. up to '"i. 3 1 3V4 314 ?V4 ?H 4 4 4 4 4 4 4 4 r r 4 4 4 4 '.4 1 4 4 4 4 4 4 AgFlcul. Trade acceptances Cain. Over B0. 1111 in nn ..U . V3."' ?'.' 4 4 u 3 4V4 Boato "."a"0' -,Sj?- UHFh New York!.!.: ft 5(2 2ff 3V4 i-niiaaeiphla .. 4V4 Cleveland .... ft Richmond .... 414 Atlanta ...... 4 Chicago ...... ft St. Louis ..;;; 414 Minneapolis ... ft Kanaaa fitv , ft. Dallaa ....... 4V, Ban Kraacl.co,' 5V4 w..,, uilir. 3 'i L'J "l&r-!1'? K" ''. 4.wr COVERING BY SHORTS mAiY-iio KjKji tujn pUAR One Broker Buys About 20,000 Bales of May and July Bad fin Kino TrmnrA "",v- .ill COTTON IIKI.T 7VKAT11EK C'ONDITIOXI ' NKW VORK. March 2. Precipitation ,, cenerul tbroueliout the cotton bell thli morniiig. Ilin following temperatures were rerorM- Oktahnnia, 311 1 Abilene. 32 Little ltoek ui . Nii-hillle, 3lt fort Smith. 30 ShrereporL ,lirinio nnd Kaleigh, ,18 1 Hun Antonio, Dm Itlo nmi Chattanooga, I0 Allnnla tH. 1,11 Ill",,, -. . nnourf. u.lU ,4UE11U. Ill ennuis 'lirltl, 40) .Meridian nnd Matt.. 18; Charleston, ftl); lllrmlnclinm, 52 1 flalro ton und Tlioninatlllf, 08, nnd New Orleans, NKW YOItK, Mnrch 2. A fairly rot tnno was displayed at the opening of til cotton market today In view of dlsip. pointing enmes. rrices were i to n polnti lower, tho near months suffering the Un. est declines. There wns some persistent selling liy a prominent commission itoch and Wall Street also supplied somo options Southern Interests nnd room traders bourtt Liverpool cables were disappointing, 'CV cllnes of 6 to 7 points being reported1 it the time of the start here, whereas prlcej wero duo to come 314 to 7 points highs;. Covering by summer-month shorts be came more active nnd urgent shortly after tlio opening nnd traders were excited u prices shot upward. Hefore tho end of'tbi first hour, May contracts here sold at 1J.1I or 3D points net higher, while July soldst 17.11 or 4(5 points above last night's clost One broker was credited with buying fullj 20,000 bales of May and July on the it. vance, nnd the rumor wns that a large loal short Interest who some time ago had trans ferred from March to Slay, was being cat ered. The rapid advance hero carried til market out of line with Liverpool, wn.lci brought In somo straddle selling. Hxcept for the rush to cover old cm shorts and tho additional emphasis pigeat I on the spot situation the market shovel I no special feature. New crop months shared the old cropdvnnce to the extent of 10 or 20 points. Z After selling up to ,1 net advance of abort SO 55 points, the market eased ellfhtlf on a low estimate of weekly spinners' til ings, mndo by the New Orleans Cotton El- change. Around 17.20c for May, howevef. demand Increased, nnd this price prevails! 1.. .i.in,in.n..n., III IlllUdl 11 IIUUII. -j Southern spot advices continued bulllsi, ns wero also the advices regarding net crop preparations east of the Mississippi llivcr. An unconflimed rumor, but W hich attracted much Interest, was to tie effect that Canadian Interests were buyer! of summer month cotton contracts, flndlnt them n much cheaper proposition thanmij-r ine snots In the South. & llxports for the day wfcre IOC 1 balel,'l to (Ircat Britain. fj Ves. rlnsu Opn Wall Low Clw ...lll.SI 17.1ft 17.30 10.73 11B ...1II..1X 1(1.(18 17.2S lllllll 11B ...111.113 111.111 17.22 in.r.a 11.11 ...1.1.11.1 1.1.M1 KI.2S 1.1.91 Iftl ...111.11.1 111.03 111.40 10.03 If ft ...17.01) . H-f il Liverpool Cotton rf I.IVEItPOOL, March 2. Spot cotton fU in fair demand today und prices were 1 point lower on the basis of 11.48d for ml upland. The sales aggregated 8000 bale Including 7000 bales American. The 'in ports were 18,000 bales, all American. V market for futures closed steady at a t advance of lOitll points. 'S 1 ,'f Cotton Buyers and Sellers ,i NHW YOItK. March 2. March B bought; McKnany sold. 13 May C. Hicks. Ilountrct, NcwDUA Ilrooks and Hosenberg bought : McEnag ,l,i ,, till ,,,.,, CW1U. . ,- July Newman, Itounlreo and Broou bought! Montgomery, Ray. fleer, neisw stcln. C Hicks nnd (loss sold. 1 AiiiiaLAIoli'Mnnv limir-lil 1?OV and Ptl" rot sold. 'Jl October Wilson, Brooks. It. Seldenborl nnd Newman boushtj Orvls, Hoger ajol December Newman, Pnrrott nnd Bel in pni i:.b. on d . - March . . May . . . luly October . DecpmlrfT hpot . . . LONDON STOCK MARKET 1 Business Continues Quiet American uroup reverisn ana Lower 71 LONDON. March 2. On the whole curtles on the Stock Kxchange were a today, hut business remained unlet. - Kasy money held the gilt-edged sel strong. The installment ."of the new w loan was paid Bmoothly. Indian GoTeJ ment Issues were cheered by a surpl of 5,000,000 In the budget of th o pendency. Tho American group was fti1 Ish- and lower. fll Light Investment buying steadied bM lines. Argentine rails failed to rally, wj tlnued favorable war news made Au bonds firm. vi -While trading on the Paris bourse V light, the tone showed stability, S rubber Issues were strong on dividend RJ casts. .S, Stocks of the staple here increases. ! illn- flrnar Pram I. V for nnldwltll The Lehigh Valley Itallroad has pli an oraer tor nrty-si new locumum"-, the most powerful kind adopted for freJIJJ service. Thirty-six will b of the "'J'S type which means they have ten ""TS wheels and twenty will be or tne "" type. They will be built by. the Bald Locomotive. WnrVa Th "2.10-3 '" mntlvea urltl ha ,,oa,i ni henvv fftll Including the tender each engine will J feet 7",i Inches long over all. "'"V capacity of coal and water each of t engines will welch 542.700 pounds.' 7 Pacific engines will be the moflt pi! or that type ever built. Each win w ure 76 feet 10 Inches long over ". weigh 452,700 pounds with full cap ui ci a i ana water. w NEW YORK COFFEE .MARKETi NEW YTJIIK, March J. The mariteij COffee fUtlirpH nn.n.i1 lndlar thlS ID! Ing, with first prices unchanged to'J auvancs or 1 points. Trading on i ; was moderately active, sales ampunun about 5000 bags. , Today's T'J March rrr :;. t.bT64 mm April '....'.. 7.neT.tll 7J! May 7.00O7,tlJ 7.0007.78 7.0JI Juna ...... 7.78V7-" 1-L -. 7.6IHf7.88 7.8il7NI -i-m July Auguat .... .,... 7.8SW7.80 7. September., 7,0307.03 7.D0O7.91 ,T, October .. ,,,.,.. .. 7.0.17.IM -7 .;.ci(itiC ,M .,, 1,.,. H.IWWMiIM r .' "X ...,, j (i'j.v ( H B,f. .!!??:. t .i..i'.. 4.S"J tir -" rr-,i,waMf4 , b
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