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EVENING LEibGER-PHIIlDELPmA, WEDNESDAY, MAB
Cl
7;Vl917
Jh
V X
hf.
T
' Diversified
Investments
At all times we offer securi
ties of different types in
varvinn denominations and
with varymg yields securi
ties, appropriate for trust
funds, institutions or indi
viduals. We shall be glad
1 to give any investor assist
I ance in choosing conservative
investments for each specific
neid.
Communicate with us
.lU.!ark$o.
nANKKB.
(Eatabllahed 1SS7)
321 Chestnut St., Philadelphia
P1tlburs
Boston
Cliteac
Wlllcea.narre
Keadlnt
FINANCIAL NEWS-
A
Short
Maturities
bJ
Southern Railway Company
Twoiear .Vfc enred Note
duo Mnrth lit. 1011)
') and fnter-st, leldln
5?
Bejhlehem Steel Company
Two-Mr iW prrrrfl "Vole
rtiir Ffhrrnn fMh. 1010
Hfi1 atl'i Hi-1 it ln1lt1K
5.0J,
Then nt, huw brnnri m.l
tl mnrlW Tli inner 1
tAX fre in Fnnivlmnn
iM for t'lrrulflr I I tt7
Wisfar&Stot
res--
p- a. I lommerrlal Trint lliiiMInt 9 S
7 j fhlladelplila. I'enni. Bjl
r ,
Ftnti. Tux Refunded
0
First Mortgage
B
onas
Earnings about six
times amount required
f o r interest charges.
Listed on the New
Yorls Stock Exchange.
Particulars on Application
Aak or tiesrriptivf Circular L-t98
A.B. Leach & Co.
larestment Securities
115 South Fourth Street
New1 Tor k
Uotton
Chlrnftn
TRADING ACTIVE ALL THROUGH DAY;
HIGHER PRICES INDUCE LIQUIDATION
I Statements on Floor That Bulk of Selling Was Based on
Determination to Arm, Merchant Ships.
Bond Market Steady
i
High Points in Today's Financial Sews
, Active trading in Sew York all through the day. Reaction took place
I toward end of nrmi'o. Price lower on Curb. Whtat and cotton declined.
linr nilver lower in New Vnrk: unclitiii'cd in London. Many crlra dividend.
J'cuntilvama Uailrnntl nuked null In renervr space for r,7,000 ton of
.'tandrtiil i-ection leel nil for t!)tn tMivrrji. i
NKW YOIIK. Match 7.
TIioip tvim Hrtup tnirllnc In llir- stuck market nil HihiiirIi tlif ita.v , but the
lllclld IcpI wlili'ti lime been if-ih'IipiI 111 the lliat fpn iln wpip incentive
In Iniliiflnj; ipnllzlm: sale mi n larger rp. rn.iUInc thp inaiket rerpcle -iflcr
prtv ilhpln.i or MioiiKtli. with priced' In the lat linlt of the da.v ahonlnif
rmilprliil npt declines from .vesterilnv'N Html llRiiie. TIip situation. Iiiraner,
l now one In which ilovvnnnid movement nie chaiactei'liied n renotlnn Inc-I-dental
In the upwald mo pment Man.i mIocUm ate now velltnc at IlKinei 2"
polnli or inoip hImip thoe pievaillns "nh h nhort time asn, while a number of
thp leadliiR copper shirk, like Anacojidrf. hip up mole than 10 point.
Thoe who had ImiiirIiI lit the low level tie'eal lis fell Impelled to take
Ihe tlhcrnl inollts which hae accrued on their peciilalie lines At the same
lime Ihe Immi iiader, who hap lieeti tuhtlnc thp upwatil moenienl all aloim.
aisonied I hilt the waxeilnu temlen .hiwn was another new oppottunlt for
putlliiK oni additional lines ! lioi t t ick.. and nales h them made the
teactlon In the lale tiadinp most piono meed.
On Ihe l.oanltoom (loot stateinenis weie made lliat the hulk of thp ellitiB
was based on the determination to aim merchant hlp, but this Is what the
Street Iuih been lookliiR for since ihe dmtnlstiatlon measures were (list pin
posed In fousiess I'nlted Slates Srl ("Hiitiinn. after selllnK at lll, dioipeil
to below llo, and Muilne preferieil which opened at ""'. declined to below
"S t'tnh Copper made a sain of 2 pulnlx to 1I7'J, but lost most of this In the
afternoon teactlon.
The bond matket was steady, with some Issues showlnif modeiale cain.
but cenernllv price Continued to iel n the levels which have heen established
for a lone period. AiiKlo-Kiench .".s mild al 2'i to 92 Other foielRii Issue w'eie
In such supply a tn hold the lest of lh minUet in check
HALTING TENDENCY ON THE CURB
FOLLOWS REACTION ON 'CHANGE
NKW VOKK, March 7. '
Price movements nnd maiket tone on the Hio.id Stieet filth todav were
mlved with a hailing tendenr.v. ih.eflv ilue to the teactlon which occuned on
ihe Slock KxohniiRP Some of Ihe w it-older viocli weie lower, with Silb
mailne dioppinp; fiom 2fi 10 2.'i'i an 1 Mldvale Steel .vleldlnc fiom 57" to
:.7li.. WiiRhl -Mai tin Aliciaft d'opid from ,.1 to 'i
Anieilcan Wrltlnc IMpei whowed a stioiiB tone. advaiicInK fiom W to bV,,
nnd California I'ackliiK wne fiom Si's ;o ?,S.
Trading In the mine uocks was fuir'.v active, with collie 11111 these Issue in
"vIkoioiis demand and iiiovIiib up to mateiiallv lilcher level". Consolidated
Ailr.01111 via .1 piomliient fejtuie, advancinK to 2, with the hiiylnc based on
the favorable showliiK made in the annual repnit. Jerome Verde was Haded
In bkiiIii on an enoimoii scale, mote than 200 00a shnies chnnclnc hands, with
the stock teactinc fiom S at the opening to 2 HlK l.edae sold at 5'4 to
51,. C.reen Mortster at 1 ' and Magma al R0 In .10.
New York Stock Sales
lllth,
Advance llunlely lJ't
AJa (lubber . . l
Alaska (lid M .. Hi
Allls-Chalmers Co J4
kh',4
.l i
ini',4
I1),
en
31
It'ii
.isu
do pref
Am Ar Chem
Am Deet Huuar .
A m Ca n ...
do pref . . ,
Am Tar ft Kdy Co
Am Hide : l.thr
do pref , . . .
Am lie Sec
Am Linseed . .
do pief
Am Loco
Am .Malt I r
do pref t v....
Am Snieltliur
do pi ef A'
do pi of II . .
Am Sunn" ,pr
Am SuEar
Am T ft T
Am Tobacco . .
Am Wool
do pr ... fO'
Am WrtB Pap pr.
Am 7.liir ft Lead S'
do pref tl
Anaconda . n's
Xns'ts Ileal f'o S!4
Aichlnsn . ln
Xt'nntlr H ft Ml. U'i
All Coast Line II1I
Atl Uulf ft W I lilfl'.
do pref I3
Baldwin Lorn Co
ll.illl ft Ohio !fl ,
In pief . . . t.1
Hanelt Co llflifc
do pief . .1 M"i
Beth Steel , .11;
do II . . lis'!.
I Hmokl.vn II T B84
I Hums Hros . . II 11
' Hiiinswlck . In'
1 Unite ft Sup Cop 4t
! ChI Petroleum It!.,
do pief .Ml
1 Canada Pacific 1.11
1 Ceii'ial Leathei 1't
j Cei ro de Paro 3(Ti
Cliandler Molois lot
Chesa ft Ohio .111
I Chlcmo ill Wesl 1 1 14
1 do pref .16
I Chlcaso M ft St P
do pief 130
Chlr ft Vortliwe! II.1wa
I C X IftP 1st In Pd .IdH
' dn pief ctf.s dp i'.Vt
Chill Copper 3I'4
Chlno Con Cop 0114
I Cluelt Peabody 10
Col F ft I tn
Cnl fias ft Hlec 1.1"4
Con r, K I, ft P l-M
Cnnol tins . . I?n,
Cont Can . . . . n?
do pief Ill
Cont Iris Co .... Miy,
Corn PioductE .3flH
do pref . . I04
Cliiclble Steel Kt
Cuban Am Siiif.ir i;n
Ciinaii Cane Sugar t.1'4
In pref .. ni,4
Del ft Hudson . 141
Pen ft lllo C, pief
Low
Iflii
AR
Bt
I0JV4
is v,
At
tni
:n
11
Mi
Ml?.
HUH 1011V1
inl (ill
r :i
n aih
III iHl'.r
m l'i
0114 201",
.1TA1 .11
Ouirf Finney
AUTOMOBILE BANKERS
REAL
rtri iecinl f.iclhlle.s for In
dividuals or automobile deal-
rs to finance the n,cquiiement
f pleasuie cars., and foi
Hislness house to nname
he acquirement of coiutnei
'tal cars or trucks. If sou
aie thinking. of purchasing n
car of any kind for an pur
posethe FINNKV SVSTKM
will make a better business
transaction for you
ESTATE TRUST BUILDING
PHILADELPHIA
IMII'sTltl.M.""
1 T"
1 111,1 AUecl
I Vetn.i i;plosle .
Vineilcan nrltlsh Mfc . .1 I
111erlc.111 Man onl SV4 "-"S
Vioern.in Writing Paper l't .1
o iMill.ui Car ft l'd . "h :n
Crfiindlari Car ft l"d pief 10 kii
'Hl'ven Steel II 'v !'.'
' 'h.ucoal lion . . . 7 'a
Clieviolel Molois . IIS III)
il'innip ShlpbtiiltliiiK . H" 'M'
Cuitlss Aeroplnne .. 17 tl
1 Kioeisou Phorociaph . '.l '
Cederal Pvesturf . . J
j Makell ft. Haiker Car I : li
Hcndee Manufat luring . -M -7
Ix.itlifi'lioii Hion.e pief . .1 I
1 Lake Toipedo Moil ""i !"
Lima Locomotive new . .17 .10
' M.rflin Ann- ... 0!
Maxim Munitions .... -!Vi 3
Mtdvale Steel . . .lau .17
Vpvv Yolk Shipbuilding . 3' IS
Otis Uleiiitor .11 '-
Peerless Motors ... 1.1 17
Poole K ft M 7.1 I no
, P.rddeii M T "OVa ! I
, Scripp'-Koolli ! '
, S S Klege vv I - fJ li'i
Santa Cecilia . . . !' ''
1 Santa Cecilia pref "o "0
Standard Molois . 7 7 'i
St Joseph Lead . . . IMn
! Meel Allnh
1 Subumr ne -4 Va
Tilangle Plhn "
, Todd Shipyards . . . .kii
I CiPted Sug.ii- . . .in
1 I'nlted States Steamship ",i
I Culled Mntnl . 3
Perilled P10IH Shoring "t.
I World Kilm ' '
Wright-Martin Aircraft. 'v,
Zinc Concentrating .. tW 3
elo-
t I t
4
4S,
Nil
X
11.1
I'm
11
.17 -h.
2 Hi
10 In
",4 '.
4.1V4 3fl
: V '! K.
: m
am, 3.111
it '
.10 311
14
ItAll.rtOAIlt.
:pi
ki
oo
IK
to
to
in
SIN SHIPBUILDING CO.
1st Mtge. 5s
1918 to 1926
Tax Free in Penna.
GEO. S. FOX & SONS
Etabllihtd I K.I 7
Commercial Trust Building
Member of Philadelphia iork F.t
ehance and New lork 8tnrk Ktrhancs
Hock JMnnd coinmoii
llock Island A pief
I look Islaivl pref
Western Pacific w I
Western Pacific pref
Wabash Plllsbuigh
Wabash Pitts pr.'f
s'lANPAlUI OIL
Illinois -J.17
Ohio ao.t
! Pialrle Pipe 330
Pleice Oil I4V4
Stand Oil of California. 303
Stand Oil of N'evv Jersey 0X7
Stand ml of .N'evv York. 304
IMIi:i'i:.MIKT OIL ST
Hat .111, .ill ft lias . . . t't
, ( osden c id ft Cias 14 T
07
HO
II
1
.1i
SI
.1!
STOCK
3'IK
33.1
ISM
S07
80!
3IIK
Cosilm ft Co
I.Tfc
LI'I,
1.11s
II ',
1.1 '4
IMII'.PKMIKVT Oil
federal oil -I1
Inter Pet 1 oleum 13
Houston Oil 17
Men-lit Oil '"'.i
.Midwest ... ins I
Oklahoma Prod ft R . . lo-Vi
Osage 1 1 1 1 1 11 1 1 1 j Mi
lllce Oil
Seipiovah 1 1V
Nipulp.i lief IOVs
Sinclair SlVi
West Knd O ft n ... . ;
IHMNCi MOCK
Vlaska Standard
Am Ventura to
Atlanta IS
Big Ledge U
Uisbee Copper (a prnp) I
Putte Copper ft Zinc Hi'i
Unite NY S
Calumet ft .Iriome .... H
Consolidated Aiirona, ... 'J Vt
Dundee Anz 4
Kmma Consol 1 V4
First National it
Kloience (ioldlleld SO
(lobe Dominion 'j
Ooldfleld Cons .IK
Ooldfleld Meiger fl
f!iea Monster Hi
Hecla Milling 7i4
Kowfl Sound TV
Independence Lead . . . . 1.1
Jerome Verde (prospi... tj,
Jim Butler In
Jumbo Extension SO
K'err Lake 4 Mi
Knuanas 18
McKlnle.v-Parragh .13
Magma Copper Iliai
Mothe Lode 30
Nevada Wonder fii
Mplssing K
lla.v Hercules I
"an Toy . . 1.1
Tonopah KMension .... 3
West Knd Con 0.1
White Caps I ,,
IIOMC
Beth Steel 5s 2-yr notes, iihu
Cudahy 5s KiJ4
Cosden Oil 6s 1114
Condon ft Co new 6s....lo7i
French Munlc 6a B4
Mldvale Steel 5s 00i
Itlissiau 6V,s 4li
Uiisslan 5is KS '
Sinclair Oil lis no
'I odd Shlp.i.ud Us . . . Iioc,
Weslein Pacific new 5s K!i
So llvvy Ti pel cent notes 0K14
Am Smelt 5s oil
I' S Itubtier new 5s 01
Pitll Secur
Krle .
do 1st pref
nn Klec Co
Oeneral Motors
Ooodilrh B F . .
7t North pref .
Or Nor Ore sub
flieen Can Cop .
Hulf State Steel
III Central
Int Agrlcul
Inspiration Cop
Interbor-Cons Cor
do pref
Int Mer Marine .
SI
W,
in
Ifl.lW
IIO,
iij'j
int
11
1 11
101
t.i
91
14"4
t
30
HI
711
OK I,,
IIIH'i
1 113 li
NEW YORK BOND SALES
I ci torn cr Mil vr rnMOAiuv
(T, rrat. Cum. guar, Div. Frte 0 Tax)
Ft. Wayne & Northern Ind. 5. 1934
Public Light c Power 5.. 1945
fs common hiqck tsonuti
Gulf. Elorida & Alabama 5; 1961
City of Avalon. N. J.. 5.. 1944
Republic of China 6i, 1919
Dayton, Covington 6: Piqua 5s, 1922
Paige-Detroit Motor Car Co.
171 cum. aerial rrwr. aiocKt
riieee en Application
well Naulty & Co.
Black Kxehani IIII.
.Is
V
;. Sted Alloys
' , tSaurnett Oil it' Gas Co.
, BoughtSoldQuQfd
1 E. H. CLARKE
'- Martea R. Alexander
' (Rldt. Partner)
- ." Phaoe.H pcki,
uk -fa.Tiiire m rpiu.. v.
, 1 f- t-i'"-'r-.-t '! , ,
swsaawiprr
, e ' , ,
WjUcWxWWiCNtJ:'
-r ' Y "
CMlMll ITaMMWairt'
t auXhTO
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110'.
03.
111.1',
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117
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loss
. 864
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mi'.
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I7IIHII Alii.-r Am . v .la
71100 rlo rteli .1
INTo.io Anslu-i'ienili .Is
VMI '! Am FmeiKll Se
"lllio Anier 'lei til Is
:iSIHlll i1o r.
isnilli Amer Vrll I'ap .' ..
-i"io Armour Cu I'lV
Sudd Atrhion el At infill
niino Atlan Co Line Ul 4a
Sllon Halt Ohio Ml a
lilllllll ilo .Is
I.TllillI ilii 4 ,
lilllllll ilii iv 4s
-.'lino Hull ti o sn .1'. . .
lllOtl Belli MIphI rfil r, .
.I.'.iiiin Hrouk lUn Tr r, tols
limn Can liovl Tis 1021
1IIINI ilo fia lU'Jlt . . .
lnoil ilo ,1s IW31.
tOOll Cal Gas i Klec .Is
soon t'enl Leather 1st S ,
Usui Cent I'ae lit 4s,. ..
iiiioo Chill Cniiver 7,
llllHKI Ch. A Ohio 4'i.. .
2IHMI do cv fil
lllloo ChI lt Meel 4s...
Slilil) CHI I'n Sla 44a..
.1011(1 ChI It'll Joint 4.
4IIIKI do Ken 4 ... .
C lion ilo III 3i ..
lniioo c Jl t HI p rfil 41, e
.1000 ilo cv .1 . . ,
il.Mlll do cv 4',4 . . . ,
.MOiiii ChI It 1 ft P rfd 4s
7(100 da 4a .. ... ..
.11)00 ChI rtwy .la
1001) Col Midland la ....
MUM) City of Paris Be...
1(100 Uoinp l"b Jtec Ha...
S000 Con Oaa cv Ha.. ..
3000 Corn Prod Sa 1094.
7000 Den Jtlo Or rfil !
ltiOiK) III. Hecur Corp :,.,
:ot0 Krle cm 4a Her A, ,
HDOO do cv 4a Her II
12(10(1 do cv 4a Her D . .
10000 Oreat Nor 1st .la. . .
21000 Hud ft Man In Sa.
4IKHI III flteel deb IV, a
S000 Indiana Bleel Sa...
1000 III Central 4a 1053,
471.0(1 Interl, Met 4a
joooo Interb R T ref fta
4 soon inter Mr mr
aooo inierm raper
aono do Ha . .
aaor. Jan new ft 8 4Ua
looo Kan City Ter let 4a, , 87U 7Vi
. yoOO klana Mlttl 2d.4a... 48 48
421100 Lack. 8teel ,1a lVJS.lwXi 100
l.WHIWI do. Ua 11130......,., VTA IHI
atieae,uika no aB,t(,i)ji iai
ai .... iinte, an
011
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07'.
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8.1
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1'4
102
lll.lll
Hinn Minn 1 P x Jl
100(1 .Mo Knn ft 'I Imi la
hum iiorria f. r.t.i-x :i'i
."ilinil .Mo Pa, a w I
.'llllll ill, la
(.(lllo Montana Power -la...
IllOn Nkssau Klec 4a
lllltlll Nal Tube ,1a , . .
.100(1 N VOLS 31, a
:illllll N V I'-M I" tol il'aa. . .
(llliu N V C A li 3l,a,.. ,
I.Sdllll do inn In
2IIHIU tin lis
.1111111 dn 4
1,0110 do 4, a ....
2(111(1 N V lltv 4a 107
luUilll Ho 4a 10.10
MHlllil do 4' a .o 10.17
Olillil N V IJ 11 ft ! 4a
1(100 N Y N II ft II Ha. ...
4(l(in N V O 4 V lal 4a.. .
.loon .V 1 ltny adj da
SOIHI .V V Tel en 4', a. . .
4(1(10 N V V C ft II I', a ..
1.111(1(1 .Vorf i Weal 4a
14IHXI Nor Pae prior 4a
10(1(1(1 (n,larlo Power Sa ...
2IIIIOH f'aillle It. fia
(linn I'arinc (! Sa
1 IllOll Penna gen ct 4', a.
.1(1(1(1 do in 44a. . . .
2000 Peo ft i:aal lat 4a
.10(1(1 Public Serv N J Sa , 01
23000 Pere Marauelte Sa . 03
..imiii Headline arji 4a ... U4
iimii'ii eadln-.1er Pen 4a., 04
11000 Rep Jr H Sa 10014
oillil M i. Jl t: been Sa, HUH
22(8") XI I. ( S F ajt tj... 7.1 '
mi g i. ft h K In Sa, . , , , S3
40500 do 4a Srr A.,,1... H8
... ni uu Sa Her II , 84
70(1(1 Seaboard A 1. adi 5a, , H24
noon South rac rv 4s asls
101)0 do rfil 4a. .... ... 01
2..nilll dncvSa., ,,, 101
14UIH) South Rwy ten 4a,.,, 71
120(81 Txae Co cv Ha ,, 1 1 If,
I toon Tplrd Ave adj Sa ,, 08
."(Mill TolrHl I. ft V 4l... Sill,
.1000 17 K H na
alilii II H Kubhe.r Ha.,
llllllll It fC H(el a I Sa
llooO Hnliin Pac lal 4a.. . 08
7001) do lid 4a . 0214
soon t'n Rwya TO , , 4nv,
VftOOO U K of (1 H f Sa ', 0S
1I00IHI do sh ivi OKU
(18000 do .114 10IB new . 08H
tOIKi do 5J,a 1011 0.1
1S0IKI do SVia 10217 ,. , 04H
1400(1 V Car Chitl Ut Sa . 0
110(81 V Rwya Sa . ,, !).
, Aiwinivrilson Co . , .,vinsit
,1700'! vyrjeeiina; , .,a,, ,
sv l---ji)ti ,?
do pfd 7 7
Inteinl Paper . . 41
do pfd 00 Vi
do pfd ct OB
Int Nickel is
Jewell Tea . HS
Kansas Citv South J!
Kellv Springfield .10
Kennecntt Copper 474
Lack Steel . . K.1i4
Lehigh Vallev hut.
Lee Bobber el Tire 11',
Mackay Cos ... 80
do pref HO
Max Motor . . . .18 Vi
do Id pref . . . XH
Mex Petrol 88a,
Miami Con Coppei 41V,
Minn h St I. new M
M SPAS St M 100
Mo Pacific ctfs . Ilii
Mo Pacific iv I. ?0V4
Mont Poer 104
Nat Biscuit' pief 123
Nat Enam & Stpd Sfia,
do pief . . 08
National Lead ,18V,
do pref . . . . 112
Nevada Con Cop.. 3m
N V Central. . . . OAVis
N T N H & H .. 4M4
Vorth American . H7V4
North Pac .... 101
Ohio rjas .... in.
Pacific Mall . . . 244
Pan Am Pet pr. . 04
Penn Ti R .14
Peo Oas & C ooa,
Philadelphia Co 38
Pitts Coal ctfs .. . 48l4
Plttsh Steel pref 101
Pressed Steel Car 80 V4
llwy Steel Spring .11'
Hay Con Copper. 31
Reading 04 y
do 2d pref .... 42 V
Ref I & S .. . . Kl v,
Roval Dutch .... 03 Vi
St I., S F .. . . 20(4
Seab Air -Line . ,aM
Seats Roebuck. . 232'!,
Shaltuck Ariz . .. 20 Vi
SlOkS-Sheff S 4 I . 01
So Pac 02.
South R R 28
do pfd .11'.
Stndebaker 103'
do pfd . I insf,
I..
Slut!! Molois
Tern C & C '
Texas Co
Tlilid Ave R R. ..
Tobacco Prod . .
do pfd
Transue & Wll .,
t'nderw Typew Co,
I'n Bag & P new
17
15'i
tS4
40T.
.14 a4
loo
1.1
10.1
oo'
ino'.i innVs
i ;." ins
I-.', 1(1114
H
VtiMJ
Colon Pacific 134 Vh
I'nlted Allov Steel 48
Un Cigar Stores.. 101
I'nlted Drug 70V4
do 2d pief 91
I'nlted Fruit 144 14JV4 KV
V S Cast I P A F. SI
V S Ind Alcohol. 124 Vi
nit.
4A
31 li
na
K.V14
1V,
inia,
It',
lis
1 03 VI
hi
.13 V
Ml
72M,
11.1'.
I 13 i
I III
11)1
OKI,
M
III
4K,
!S1H
.IS
1.1!'.
III'.
30
DIM
.18
H'i
3d
iH
I I 04
IIC4
37
27",
231,
82
10
48
43S,
124
lioa.
80
III
.14 i
2.1 '
mi',
si
Ifl7.4
42
901
1404
31
Ik',
20',
30
I (1.1 H,,
M2Vi
.10
113'
3.1 Vi
Si
114
l(lt,
1.1
.10
13
A7
27N,
744
sfl'K.
07
9
42
AS
.17
47
831
7T
2(1
80
ASl
10 Vi
3Vi
87V4
40 Vi
23
ino
II '4
204
103V4
12.1
31
OK
18 V
11?
20
0,1
4SV4
A7V4
102
102
22"4
3 Vi
1ST
on
38
AV4
101
10
1IV4
30
t
?V4
19 V4
1.1 Vi
20
1414
23?i
29
03"i
02 ',4
21-1,
.17
101'
llli'i
47
I H
1Vi
40
.1ST
90 V4
44
104T
08 14
134
41
100
19 V
91
Nel
Close chse
1AV4 14
fl "t
T la
21 Yt i
8814
92
OJIi
101
I07V4
A?",
I J 14
A4
3014
10),
.13.
1IVs
814
.12 i
101
101
OA
ni u
llii'i
127
nia4
.11
07
lia4
S7Vi
A8
84'i
3V4
10 8
14
113
10414
01
S3V,
M'r
7214
110
1 1 .1 '4
III
IIA4
R81,
1181,
10'.
18S4
2S'(.
3.1
1.12
03
3 ')' 4
1112
,18
ll4
Sfi
Hl'fc
110",,
11414
37
27 '4
23
A2
70
48
44'i,
124
120
00
HI
sr,
2S
IDA
OSli
ia;v,
1
4 !'
V.
'
T.
t V4
1
r "
'i
li
V,
V.
I
4
- 1
lie
I
!
. 1
I '4
4 4'
I'A
'.
'a
Vi
'i
4
U
'4
U
'
a,
I '
Sales in Philadelphia
lllah, !. l'l''
Kill Acme T pf 0,1 0-1 s
30 Am Can ifl" 11 4
in Bald 1, pf I0IV4 '" lnl
loo ! A- S t ,c Al 01 "I
f Com Irrin 1.1 4.1 4d
Ilo Hlec Stor AfltJ onvi AAli
I Ins CoN A 2A14 ll'i -"14
Hid U'enne Cop 11 17 41
2310 l.k Sup C 21 21 SI
III Leh Nav 83 8JVi 8214
11.1 l.eh Vallev no (Mid 8V4
100 Nev Cons 20 2A 2A
1201 Penna II II .11 14 l
in Pa Salt M 0.1 01 0.1
SIS Phlla ICIer S3 33 31
7804 PUT ll- cfs 31 301. 30
130 P.av Cons. 311a SnVi 3nl,
lot Reldiiig 91 '4 I'S'i 03'.
3.1 T in Mm H flt' i'
0.1 I nion Trac 14 II 14
403 I'll (1 Imp 80V4 K9 "
SA.1.1 1' S Steel 111 10014 m
in W N V & I" 3414 3114 34'
110 War I f. S OVi '". "li
12 SestmorC 10' 19 lo'a
3.1 Win Clamp 87 85 81
3D Yoik lly pC snai 3A 3Ai4
Net
rhae
114
H
I
14
li
1
14
i
i
t 14
Intal ,lle.. 10.018 share., ollllisreil villll
rrs-r-, 4 .TTr irnimtTnTnAmtlCi DTPAi-'tT XTTTIItr
TKAJNOIT LJ!JJKliri-'-tt-J--o avjxvj.a x-iiuyy
TOP BARK ON THETRESENT MO YEMEN
Street Hears More Good Earnings Most Active in Local
Trading Conditions in iron ana
Sfeel Market
00,
lnl
1021i
83
Close
1)1
KII
I D'li
83
ins li KisVi
08
91
98
91
-I'i
-Hi.
- 14
)
1
IH. .US share jestenlaj. tim iar .inia
.1.1,80.1 share.) ..line period liisl wees,
shiires.
tt(IM)
llusn Low.
81 Ion Am Oai &
Klec 5s 111
Juno Bald Loco
1st 5 11)4
Innn Cdv 4s teg
1 114.1
SIMM dec A Peo
Tt l... 83
looo llarvvood
Llec 6s.l(i3i,4
,l(ll( Kl'.V Tel
1st 5s . . 08
mini Lehigh Val
gen Is. . 91
snuu do cons
(ij :H03.OOV4
loii'i Nat Piop
LUn . Al
looo Penna Co
on I 4 si 0.1 Vi
Innn PIiIIh' Co
cons 5s. 90Va
2AIHIII Phlla Klec
temp S . . 101
Hiinn Reading gn
4s .. 94 Vi
2ii(i(i Su llwv Is
lOSfi .11
loon SI an (!as &
K fi ... 10014
20(1(1 I'n Ry Inv
5s ... 10
400 Welshach
Co 5s . 08
week
17.8112
Net
criBe
r W
li
With the opening of the Philadelphia
Stock Kuchange today there was a ieumi
Hon of demand for Philadelphia Rapid
Transit trust certificates, which became the
feature In the Hading In the lain session
vesterdav It was not long before the price
had been advanced to a new high mark for
the preent movement, and by Ihe afternoon
the quotation reached .11. an advance of
IS. as compared with the close of yesler
dav. This Is the highest price leached
sine? the earl.v pail of Januaiy The Issue
was hy fill the most active In the whole
day's session even exceeding I'nlled Stales
Steel common, which usually makes up the
hulk of the trailing All of Ihe gain was not
held to the close however
The Street did not have any definite news
to account foi Ihe strength nnd ncllvltv, and
on the floor of the Stock Kxchange and In
th brokers' ofllces II was atttlliuted to the
irpotted good earning. It wa pointed out
In quarter which are usually well Informed
uti til airans oi me conipaii.v umi lut
eal nings for February, which will he I'sued
v., thin tin next two weeks oi so, made a
new high lecoid for lliat mouth Theie were
man) in the Street who expressed the opin
ion that the advance In the slock was only
In be tegatded as natural In view of the
fact that a dividend of R per cent Is being
paid and that It Is "elllng out of align
meiit of the luesent general return on
stocks
I on I no "4 !'
HI
10.114
90V4
101
04 Vi
11
H.I
I oi 14
00
101
04 Vi
71
loovi mn Vi
70 l( t-
98
Vi
98
1
I
'4
li
2
- 2
1
IV,
Total .nle. 17,.1(Hl. inmiiarril wllfc i M3.K00
jeter.ln tim Tar ll)l week. .isn,mm; siune
period lill week, I.M,o0n,
Local Bid and Asked
c i
-
v4
14
1
'a
t-
4! II
90'
lln"i
si
20
20'i
so
IAS'
113'i
.1A
ilSV
3.17
43
114
101
1.1
A I)
13
Al
27
1.1
40
01
98
42
AS
22
.10
41
83
AKVi
21
80
AA
AA
3A
88
40
23
109
2
1
Hid
I4aldv.ii) 5!1'
Ilrlll .1 O
Muff Hu0 t e
do pref . .
Klec Storaae
(Sen sphalt
An pref
Kev alone Tel ..
Lake Sup Corp ...
t.ehicll Nav
Lehigh Vol
t.ehlgll Val Tran ,
do pref ...
IVimsvlvanla
Phili Kler
Phlla Co . . . .
do .1 per renr pref
do H per cent pref
Phlla II T t e
Heading-
Ton tlelmont
Tnn Ml.llnir
I ninn Irncllnn 43
P O I
r S Pleel
VorU Itwv . ..
do pref . . ,
v in Cramp I c
AfK1
r.3
24
A3 H4 n.l
53 :.s S3
ni'. anu in'
2 1 2(1
(13 1.5
12', 13 12
Jl' 21', 21',
Ki -" 21
ns ni 08
2.1', 20 25
15 40 45
51 51', S4
32 31 32".
38 'in 37
3rt SO SA
41', 42', !!',
1.1 31 .10
111 1(1 03
4", IA I'i
0 n
43 14 43'
1 . 80 80
lon ii9 uni
13 14 1 .1
3' sn 3
83 87 87
Yeeterdav
Hid Asked
.14 55
111
51
AH
S'l
13',
21
(.3
08
2rt
4A
54
33
an
30
42',
.10
03
1
A
44
80',
110
14
37
8S
1
1
iiy
DIVIDENDS DECLARED
Klei trie Store. Ratter regular quarterly
of l per rent on the preferred and common
stock, pajable April 2 to stock of record March
10
Central Stales Kleetrlc Corporation, regulir
quarterly of 1 per rent on preferred, pHable
March SI to slock of record llnnh 10
Extra for Finance Co. of Pa.
The Finance Conipan.v of Penrisyjvaiila
has declared a regular quarterly dlvldenc
of $150 a share, also an extra dividend
of one-quarter (if 1 per cent on the firt
preferred stock both payable April 2 as
registered March 21
m
'A
I
1
29V4
10.1
123
35
08 V4
sV4 Vi
112
3A . .
95
43V4
A7V4
WHrnrmsr
I millstawe:
a. a) . fjirm
m
I
1
I02T
102
32
94
.11
91
38
I
1 Vi
3
MV4
4 1
lOVi 1
101 1
.1114 ...
30
92 IVi
4214
80 li
03
30
14
!SS 2
29 . .
Al 4- Vi
93 . .
21 . ..
.11 I
101
10214 1 t
41
1.1 -I
328 Vi
40
.14 "
99
1.1
10.1
3
J
I
Wi
6
The first milestone to
success la saving, and the
second milestone is wisely
Investing your savings, so
as to make your thrift most
profitable.
Hut do not delay Investing
until you have a thousand
dollars or more, thereby p
not utilizing the full earn- M
Ing power of your money. ?f
Begin vi hen you have a htm-
m
m
1
dred dollars, or even lesst
choosing the securities from
"InTf.si.ment Opportunities"
it Any one who is IntereRtc-d
in increasing the earning
power of his surplus funds
should regularly receive
this valuahle publication. It
will be sent tree, beginning
? with the current issue, upon
V.A nuest for 41'-PL. In.-Mudlnr
booklet villaining
II
14
1
2
m
I
. "Trie Twenty Payment Plan
SiaiTjRPsg
uyironMyfft,riiifV
iKvuMi.Iiel tins)
rhnT' Pa nv Yo'
m
1
i
3
99 4
131
41 1
100 I
19
91
i
ivSJi
wMmmmm
V S Rubber
do 1st pfd .' . .
I Smelt & Ref.
C S Steel
dn pfd
Ctah Copper ....
Utah See Corp...
Va Car Chem ..
Va Iron C & C...
Wabash
do pref A ,
do pref B... .
West Maryland f,
West Union Tel
Westing Mfg ...
Wheel & U E ..
do ctfs
White Motors ..
Willys Overland
Wilson Co .....
14
30
131
10 14
108 108
A3 At
111 109
118 111
111 US
St
40V
A0
ISVi
48
S.1V4
33
8
40
l
3
51
,
"1.1
tVi
40
0
1S
47
24
S3
94
49
13
39
SI
34
4V
30
123
88 1
10
Bt ..,,..
100 1
111 li
1IA 1
tt
40 r
00
ItVi ... .
4 1
S -- Vi
33 I-
94
49 Vi
l
39 I
Bt Vi
34
4 1
Total .alea. tUt.tOO aharea, eoiupared ullh
9AS.SOO shares yeaterdayi tbu far thla week,
2.K4S.800 aharea; aame period laat week. 1,3AS,
0O0 aharea,
T
Gold for Export
NEW YORK, March 7. Gold coin to the
amount of $546,000 was withdrawn from
the Subtreasury today for export,. Of this
amount, $60,000 wai for shipment to Can
ada, A,n amount .of J6,o6q vas;Jkn of
MMl'W'ifldtt.HfJtC.stovito'Aijifli,
ft ... iX.? ..iJMJ. JT . . - .' .t '.
March
Investment Suggestions
Our current central circular
of sound-investment bonds
offers
1 Variety ( ittues
i
2 Diwsity of maturities
3 Breadth of markets
National and Savincs Banks,
Trustees and individuals will
find' issues adapted to their
specific requirements,
Yielding 2.00 to 9.00
Send fpr circular P E-102
The National City
Company
1421 Chestnut St., Philadelphia
Haw Tar Chltafa Kia rriadac
Beatea riluiargk
Another Issue to show up well In the ,iT
vance column was Kleetrlc Storage Biu. 'l
which was marked up 14 points. Thin Lv
.,uiiii,iif.iicu .ni cij hkio unning. UniMv
States Steel common for n time waa .k
tho final of yesteiday. but In the afternam f
when a teactlon look place In Wall treaVs'i
was, of course, placed under presuire 1m
and declined, St was off more thn lu -points
by the middle of the laat hour , !
far as the local Issues were concerned Lv
Superior Corporation caine next to Tranlii
certificates In point of activity. After tS
tln up a little from the final of jesteM,. "
the slock declined. ai' 4
The Iron Trade Review tomorrow ffl
suy Mole favorable manufacturing en,
(it Ions have resulted from somevvhai v.."
ler car service and Improved outside yta,i' i
ink, conditions, due to amelioration J )
.. .n ,),, .AnKlnn. TI, I. 1,n- I.J , L
.,..,,,,.. ,.......... . ..,,- ,,., lr, primatir
to a droop In the Connellsvllle coke ,..'
ket but other commodllleB show every i. 'I
dilation tn fill tiler rising prices. ' '
With the exception of nails, wire product, '.
lodaj are commanding the highest pr'ci C
In the hl'tory of the trade, and the rrp!
of nail has touched the previous high p0i.? '
Pig lion Is higher at leading center ami 'I
HKiu innn nor ,n. ii,i .u n ion Sflin, '
steel I Jin a toll higher In the East ull,j;
the stimulus of heavy essel contractlBe i
and even better prospects i
-16
I'OKEICN EXCHANGE
NKW VOIIK Maich 7- The niaikd for
foielgn exchange this morning was fairly
active vv Hi a sllonger feeling ill Scandl
uavlan exchange and a slightly ftimei tone
to murks and Vienna I
Quotations-
Demand sterling 4.75 eahles 4 76
Franc checks ri.85. cables R.84',. .
Mark checks RS'i . cables 68
V'enna checks 11.18. cables 11.20
Lire checks 7 66. cables 7 6fi
Swiss checks .1 0J', cables 6.01 ',
(iullder checks 40. eahles 40 7-16
Ruble checks 27 86, cables 27. S5
Pesetas checks 21 20. cables 21.30
Stockholm checks 21 66, eahles 20. 65
Chrlstlanla checks 28 70, cables 2R BO.
Copenhagen checks 27 90, cables 2
NEW YORK COFFEE MARKET
NKW YORK, March 7 The market for
coffee futures opened easy today at fi0 8
points lower Trading on the call was fall -lv
active In the May and December op
tions, sales amounting to Sinn) bags
Today's Ye.leldav
opening
March 25
April
.Mav
June
lulv
AllKUflt v .
September .X '
October
November . ,
December
.lanuarj
February
Bid
7 31
r su
7 MS
.1(1
' 911
close
7 22 tr , 25
7 JO'S 7.3(1
7 3519 7. .1(1
7 431(7 44
7 50 01 7 .11
7 r,7J7..".
7 A I B 7 05
7 !lW7.7ll
7 7IJ7 7.1
7 70 Jl 7 Ml
7 Slf!7 85
7 s7 91)
i-ln
7 31 Hi' 31
7 38 0 7 4(1
7.HB7 1.1
7 51 7 52
7 50 7 On
7 57 (IB
7 70f7 72
7 75W7 70
7 SOW 7 SI
7 5tfT7 87
7 DOB 7 111
7 05117 00
MONEY-LENDING RATES
NKW VOKK The market for tire.
riiouefv on good mixed Stocjc Kxchange col.
lateial was today lowered '. per cent la
the asking flguies for tii nel days to rU
months. There was trading for ninety
days at 4 per cent , Ihe hid figures on I
Tuesday compaied with 14 per cent ail.j
arid asking rates were lectured lo it n,r i
lent for four, five and six months fiom'
4' per cent to 4V4 pel lent The' kids .
weie unchanRed at 4 per cent ,
As heretofoie, Ihe gicater pail of the '
Wall Street loans weie on Industrial col. '
lateral, which was cpictod at an aierifj-J
of 1', per cent. This was also the nil- i
Ing flguie for prime meicantlle papor. '
The demand for papet is considonMr '
laiger than Ihe suppl.v
Prime bank acceptance wete fairly ar
tlve at 4' and ,134 per cent for nonet).
gihlos and 3"(ir.1 per cent for eligible, '
Call ni(iiie,.v opened at 2', per cent, Hi.
high and ruling late, low and last 2 (l'.l
1 ' 'a 2 per cont ,
,,,
PIMA Call. .11 per cent J.
per cent Commercial, thn-, t
4
I'llll.ADi:
Time. Pi,i
to six months, 4 'sir 44 per cent
BANK CLEARINGS
Rank clearing loaav
.ponding day laat Iwn
1017
Philadelphia ISZ.IML' 542
New Tork .13'.' 105, 1711
("hleaso 87 onn ori
St. Louis . 23 102 720
tloston
Udlttinoi
ompared with iihi. ',
veare ?
1010 19IS
13.1,191 341 124,5:3 up '
II2.710.II4I ;iT 450 Ml 1
Rinio.-jjs ,l0 4na;e
o .i.ti uni i 4irj n
.13.8jn lllll .' 1)37 372 21,8.10 843 "
7 30.1 .107 7 13') BOJ I.DH.-JI J
"What About .
BIG LEDGE?"
(T MARKETWISEIS the strenKth Big
Ledge has shown recently a forerunner
of a higher market price?
.fT INTRINSIC WORTH -Are the aims
of the management to develop it into a
big producer to be realized sooner than
4 anticipated?
(TDIVIDENDSWill Big Ledge even
tually become a dividend payer?
The Latest Information
that will help you decide these questions, and
many others about Big Ledge, is contained in the
most complete analytical report ever published on
this big copper property.
Report Just Coming Off the Press
outlines all development work done on Big Ledge's
1,900 acres ore in sight new smelting and sales
contracts gold and silver values as well as copper
what engineers think of Jhe future; in fact, every
available scrap of information about the property
and its possibilities.
5eni for Report T. U.-I36
JONES & BAKER
STOCK BROKERS
Widener Bldg., Philadelphia
New York Bell, Walnut 1690-1 Boston
Chicago Key.tone, Race 2290 ' Pittsburgh
Direct Private Wires
Chandler 5c Company
INCORPORATED
ANNOUNCE REMOVALTO
THEIR NEW OFFICES
SIXTH AND SEVENTH FLOORS
FRANKLIN BANK BUILDING
PHILADELPHIA,
ASSAYING ORE TESTING
Kapert advlc ort trearroant of
or of awry deaerlptlen
NEW .YORK
BOSTON
LANCASTER
TELEPHONES
BELL SPRUCE .3090
KEYSTONE RACE 3706
Brown Brothers & Co.
ttwwni and Chcstnvt Streets
PHILWDELPHIO v
BONDS FOR CONSERVATIVE INVESTMENT
The Philadelphia Electric Company
(of Pennsylvania)
First Mortgage Sinking Fund 5 Gold Bonds
Dated October 1, 1016 nuB October 1. I
'".
' w'M'EAgwwyU.CTCTi