i
i
'FUEL OIL for
Factoriei
Railroads
Steamships
GASOLINE for
Motor Cars
Motor Boats
Farm Tractors
In aver Increasing deraanil. U resiMin
slsts for tha present hlah prices of
petroleum, ami It by-product..
Sapulpa
Refining Company
br doubling thf utr of Ita plant and
i)urchnnln(f other pruirtiii i prepar
ing' to obtain maximum profit from the
IncreflMnir trlc of otl The pons. bill
(ltd of this proRrraxltw oil company r
outlined In a detailed atiabtlrul report
just 1suM It ahould le reml by rwrv
ImePtor tntercated In tba futuro of nil
aecurltla Hend for It
AHK Mil ISH.T.ir.
JONES & BAKER
STOCK IHlOKIillS
Widencr Bldg., Philadelphia
tlell Walnut 16IMI I
Keystone., Hace .SOU.
tr Yorlc llctston
CIllrnKO ritUliurih
Iftrrct J-rliat Wires
JONES DAKEIt.
Widencr Rldo.. Philadelphia, Pa.
You ,rnay send mo our report
Bapulpai Ilertnlnu Co., 139-T U.
Same
Atdrt
Citv State
The Capital Stock of
The American Gas Co.
is attractive to1 investors for the fol-
lowingiireasons :
The Company has paid divi
dends if or 24 years. 8 since
1915.
Net earnings for 1916 were
substantial.
Earnings are obtained from
gas and electric plants in 50
cities and towns in the East and
lyiiddle West and are therefore
diversified and reliable.
The stock can at present be
bought'to yield over 6.60.
We invite I requests fo a descriptive
Circular.
William P. Bonbright& Co.Jnc,
MOKKIH Uhl'AK MKOlJl, Jr.
Manager
437 Chestnut St., Philadelphia
JJrw York Ronton Chlcaco Detroit
tandem I-arls
William P. Bonbrluht & Co. Bonbrliht A Co
The Profits
from
Investments
A recognized authority on finance I
has arrived at this conclusion as a ,
result of a wide experience: j
"Larger gains are to be made I
by investments than by specu
lation, so far as non-profes- 1
sionals are concerned."
Write and ask us for descriptions I
of several securities that are re
garded by banks, institutions and
experienced private investors as
tound investments.
HANKERS
(Eata Wished 137)
321 Chestnut St., Philadelphia
Flttaburch Wllkea.Barra
Boaton Cblcaco Readlnr
Financial
Advisers
We are not merely
buyers and sellers of
boncU, but financial
advisers. And 'vVe
want you to employ
us as such on our
merits. Will you in
vestigate? flRPOKESTOXES &
ISth&WaWSt
D. Lupton's Sons Co.
7 Pfd.
Cumulative, Quarterly Dividends
Free of Pennsylvania State Tax.
Earnings Six Times the Preferred
Dividend
Price $98 per Share and Accrued
. Dividend
Morris Brothers Co.
r-' " BatabUehe IMS
1 1421 Cbesteut Street
ajfajajCTWYjrACCeWJTANTB
OartlSW faUki Aeraontant
iirei E. brown i en
RATI TMUOIT UUILD1N
fftt SNUGi
--!
Wf
sin IT.ht
!
FINANCIAL NEWS
EARNINGS OP KEYSTONE TELEPHONE
CONTINUE TO COMPARE FAVORABLY
Gains in Gross and Net for February and Two Months.
Fire Association Stockholders Vote in Favor
of Stock Increase
Karnlnirs or the Keyatone Teletilrotre Com
pany continue to rompari very favnrnblv
with lnt enr. The company today Issued
the atateinc-iit of cnrnlUKn for the. month of
February and to month, fcf the fiscal
year. February gross totaled S127.S70, an
Increase. of S9845, while the iKt wan J6I.073,
n tain of $4890 Net ourplii. na $36,282,
an Increase of $15112 For tho two monlhs
the KroN wan $26C,1 2 a Kaln of $20.218 :
net $123, 8tfi. Increaao $511.11; net sutpluH
JCS.26I, Increase $5273
At a xpeclat meetliiK of the stockholders
of the File Association of I'liilactrliililn the
proposition to Increase the capital slock
from $.'50 0011 tit JI iioo.ono wun npprneil
About 80 per cent of the stock was lepre
sut ted by pioxy and not a slnxle vote was
cast In objection Stui kholileis of tccoid
March 12 will have tho prhllettH of sub
scrlbliiK tu tl(o new stock at $25U a share
In the proportion of one share of new
stock to each three share of stock now
held The privllcKe empires on .tune IB.
Pa.wnent may be made In thrte Installment
or In full
The annual report of the American Hall-
WHEAT ENDS HIGHER
AFTER LOWER START
Strike Threat of Trainmen
Causes Easy Opening, but Ex
port Report Brings Strength
(1KA1N HEI.T i:VIII-.K roBU'W
( IIICACO. March 13 The weittlirr fore
cast for thirty-sit hour fnllmtsl
North and xotilli llnkotii, IlllnoU. Mis
souri. Wisconsin, Minnesota nnil Iocvh
I'rnbablv snow or ruin t.rrilelit Hint Me.lnes
.lav , rnliler,
Nebraska (Icncntllv fair tonlaltt ami to
morrow, evrrpt snow In eut lMrtlon to
nlpht '
Kanaaa t'narltlrd tonlcht, imilmlilr rain
nr mow emit .oltlf roiitli.
CHICAGO. March 13 --On the whole
the tone of the wheat market a better
today after It had shown further weakness
because of tho railroad labor situation
Final quotation were nboe eterdn'
cloe. Although best price were not held
I'rifeIonal specul.itors sold short e.itlv
but reports of sales of nenrlv 1 OOO.nuO
bushel for export l.i the Oulf forced
shorts to cover and offeriiiR-s decreased
Larger cash concerns took July on a lib
eral stale and thl also sened as .i clink
to sellers A sleet slorm Interfeied with
wire house selce to some txtent and tho
olume of buslnes was not large
Mav, after h.ivlnu sold a low as $1 7Si.
moved up to $1 S2i, closing at $1 Sl4 to
$1 816i agalnsf $1.80 at tho end jester
da. July, aftlr having dropped to $1 51,,
roe to $1 55s,, ending at $1 55'4 to
$I.5I4. compared with $1 52 at the close
esterday September afterdiavlng been lo
below jesterday's last price at $1 42. ad.
anced to $1 41 and finished at $1 44 to
$1 43'.
The visible supply In the Tnlted State
accoidlng to Hradstieet s. I 52.307,000
bushels, a decrease of 1 853 000 bushel for
the week,' and compares with 73.071.000
bushels last eari In Canada it is 88,
121.000 bushels, a decrease of 593.000 bush
els for the week, and compares with 85,
B43.000 bushels a ear ago
Oeorge M Lecoiint telegraphed fiom
Kinsley, Kail . that a light mist had fallen
over that territory which would help wheat
a little Ho said that the crop looked poor
there and that 50 per cent did not come up
lots of wheat in tho ground 'hat was just
last autumn He stated that tlieto was
as dry as It was the day It was sown
John Inglls telegraphed fiom St l.ouls
that wheat llelds are htlll brown He said
that It was lmpolblo to say whether
they had suffered much from winter killing
or not Therp was a light lain from Taj
lorvllle to St Louis CbnsiderablH coin Is
In cribs. There I no lacv of moisture at
present.
An easier tone was noted at Liverpool on
prospect of Increased arilvals. Kstlmates
on Canadian leserves were Increased A
foreign authority .tld that the now meth
od would result in a decrease In Import
requirement of 2 EOOjion bushels u week.
Foreign crop news contluuid bullish
, Corn closed btronger after a lower stait
Offerings were well taken and Ma de
llveiy became light There was a good
demand for the cash article The maiket
at Liverpool was tlrm
Leading; futurra ransrod aa fotluwa
a day's
Wheat- Opn HUh Low Hon rluj
May .... 1 70'k 1.H2U 1 7S 1 HI". 1 H)
July 102 IUS 1 .11, 1 1 51', 1 5'l
Hept .. .1 il 1 44 1 42 1 44 141
corn tnew unlivery
May . .
July ..
I 00 1 os 1 oftu 1 OMi 1 07
1 0H 1 07 1 ml tl 07 1 mis.
HeDt
1 03 1 till
1 1 01 ! OUrt 1 05
Ol.ts
May
July .. .
lavrd
Hay . ,.
July
Hlbs
May . .
July . .
Pork
May
July ....
Hid.
. 67
35
5S
50
.17
5.1
50
18 87 18 87
18 83 18 85
18 77 18 8(1
18 7.1 tin oil
18 117
18 117
...17 40
...17 511
. 32 B0
...32 03
fAsked
17 41
17 52
17 3.1 117.37 17 B0
17 1.1 t!7 47 17 51
32.30
31 7.1 32 21
31 10 Ml 7.1
11 111
32 05
32 0.1
INondnal
LONDON STOCK .MARKET
Business the Briskest of the .Month.
Americans Stronger
LONDON. March U Trading In securi
ties on the Htock llxcliani-o today was more
brisk than at any tlrnci this month The
markets were stimulated by easiness In
money and fuvorable war news rieritlrnent
was cheerful.
Gilt-edged Investment Issues were the
leaders. Allied bonds were In favor Japa
nese Issues were' hard, helped by Interest
payments. Alterations In home rails were
fractional and mixed The undertone, how
ever, was firm
Americans generally were stronger
United Slates Steels were an exception,
being lower Canadians were narrow, but
better. There wan light profit-taking In
Argentine Hues Ttevolutlon rumors made
Peruvians heavy Mines were sustained
Marconis reacted from the top. Ship
ping descriptions moved upward.
DIVIDENDS DECLARED
Manhattan Shirt Company, regular quarterly
of $1.75 on ths preferred slock, pujable April 2
to slock of record March 23
Arizona United Mining Company, regular
quarterly of 1 per cent, pajable April 1 to
stock of record March 15,
United Krult Company, regular quarterly of
12 per share, payable April 14 to atock of rec
ord March 24.
Nlpa Uay Company, regular quarterly nt 12
per share, paable April 14 to atock of rec
ord March 24
Kanawha and Michigan, regular quarterly of
114 per cent, payable March 81 to stock of
record March 27 v
Northwestern Yeast Company, regular quarr
terly. of 3 per csnt and usual extra of 3 per cent!
both payable March 1.1 to stock of record
March 12.
RAILROAD EARNINGS
.CHICAGO nitKAT WESTKHN
1117 Increase
First week March . ,., I2ttu.ll3 M2H.744
Fiom July 1 . .. .1. 11,318.131 934.802
TKXAS TACIFIC
First week Marrh.. ... 13(10,21 19.710
From January 1 ... 3,783.882 380,183
SOUTIIKR.NI RAILWAY SY8TKM
Lines Kaat and Weat
First week March 11.1180 A31 1143,817
From July 1.,. , , . 70.28B.U8II 8,390.833
ST. LOUIS SOUTHWESTKHN
January gross ,, ,,.., (Bcli.ssj 1322 185
Net ,, 458,742 238,273
COLORADO AND 80UTHKRN
First week March,, . ., 1284,023 f 1 8,377
Fiom July 1 ..... -. 8,223.108 418,20
PBRB MARQUETTB
First wek Waroht,,,,. 1411,072 111,018
du
ways for the year ending December 31.
Ill IB. was.tnado public todav The com
pany which Is one of the chief subsidiaries
of tho I'nlted National Utilities Company,
had total earnings of $t,C38,2G. compared
with $1 145 624 In the preUotis car After
deductions thete was a net Income of $752,
338 fqual to fi 4 per cent on the $9,400,000
common slock nler the payment of 7 per
cent on the $2,000,000 prefened stock,
against $451), 385 In tho piov lolls e.r, or
3.4 per cent on the common slock
Most of the changes In pi lies In the trad
ing on the 1'lillndelphiu Stock Hxohangn
todav wire lo lower luvels Tho bulk of
the. tiailliuf tool; place In Lake Supetlor,
and during tho Bieater part of tho day
ilie in In1 ( that Issue wa below tho
llnal of vcterda In the nfteinooil there
was some Inipioveini lit, the quotation going
up (leneinl AsplAilt preferred got up
a full point on small lots I'hR.idelphla
Il.ipld Tiimslt trust ceillflcates sold tin
I'liaugeil for a time but In the afternoon
theie was a small loss Philadelphia Com
pinv cumulatlvo C per cent preferred sold
off 2 point
COTTON PRICES SAG
AS DEMAND DROPS
Supply Is Large, Coming From
Wall Street, Commission Men
and Continent
( IITTOV lll.l.T i:Tlll-.lt lOMIIIHlNS
M.H 1DKK. Miinh II. It. was xenerallr
etiillih over Hie lolloa lelt IhU morliltiic,
the following temperature vvere rr.ordedt
Nii-hlllc .1(1 1 llklalioniu, 'Ml Kalrlch. Ill
Ulliiiliiiiloii, IHi ohevllle, 501 Itnimllle,
til Ihuniavltlr, ( harleftl.iti mill Mikimi ,"S1
iifftista ami Mluiita, 10i ItlrntliiKli mi, 0ft
.lurksonvllle. rutnlia anil VlonlKotnrrv, llll
Vlrrkllun, Mnhlle. Ilel Itlo noil Mireteport
(ail New Orlriiiis, irUhuri:. vtcnipliU anil
Mile Itnrk. ),) Mull Antonio Kill ( ornils
I hrl-ll. Ill; I'orl snillli, .
Ilieri. mi, OO Inrli or preellillul'oti at
liulelaht .70 hull at (Ikhilioinui I. .11 Imhrn
at Know Hie.
WAV VOItIC, March 13 Favorable
Llvcipool cable were almost entirely
Ignored at tho opening of tho cotton matket
and the tone wa unlv steadv with prices 2
to 5 po iits net higher Itooni nailers
Llveipool and New Orleau Inleiests put-
based but only on a modeiate scale vvhllo
tlio supplv was large coming principally
fiom Wall street, commission houses and
the continent
After the tall the pressrtre became greater
aird found a laik of demand, as a result of
which prices for tho nearby options dropped
11 to 14 point lu tho llrt ten minutes of
business,
Tho early selling movement entiled the
old i top months about 24 to 27 pnlnlH net
lower, while tho new ciop "Old at 10 to 11
points under last nights clove. 'I hero wero
people who thought, becauo of tho more
gtueral lruslne reported In Southern spot
markets esterdav. that the price had
reached a lovel at wlilth lioldirs would sell
freely.
The market steadied below 17 50 for
.Tulj however, and there were rallies of
several points from the lnwist after 11
o clock The eastern belt forecast for un
settled weather, with probable rain, Irtlprd
to muse the Improvement
I'ress reports to the effect that the Cen
tral Powers were considering modifying
their naval operations r-o far as the
affected neutral shipping resulted In a
firmer afternoon market, covering and local
support causing att advance of some 25
points from the low level of the morning
on old crop positions Trade continued
largely professional, however, commission
houses having few orders
The exports for the dav aggregated 4000
bales, all to Great Britain
Vest close Opm High Low. Closa
March . 18 21 IH 2.1 IS 21 17 H2 18 III
Ma .. ,17 02 17-11 17 11.1 17 7.1 17.1IH
July .. .17 72 17 7.1 17 HI 17. 4H 17.S1
lie lobar . . .10 82 HIM HI -.12 10 72 10 Oil
December . HI HI HI 07 17 02 10 82 17 02
H,l . . .. IH 3.1 . 18 1"
Liicrpnol Cotton
I.IVnitPOOI March 13 Spot cotton
was iptlet toda and 1 point higher on the
basis of 12 20d for mid-upland The sales
vvcie 5000 bales including 4300 American
The receipt" weio 10.000 bales, of which
IiCoii bales were American The market
fin futures closed steady nt a net advance
of 9 to 11 points
Cotton Bujers and Sellers
Ni:W YORK. March 13 May lTart
corn and Wilson bought . Keiffer, Burnett,
Hartlett. Munds and T Sledenbcrc sold
July He'ntz and Mitchell bought; Hop
kins, Jlartcorn, Norden, It Hubbard and
Geel sold
October Pellar. Ilountree, Mund and
Keiffer bought; Norden, Botts, Hnrtcorn,
Montgomery and It VIedenberg sold.
December Guild bought; Hentz sold.
5. --
Rutland R. It. Resumes Dividends
NT.W VOIIK, March 13 -Tho Hutland
Ratlioad declared a dividend of 2 per cent
on the pteferred stock, paable April 1G
to stock of record Marcli 2'J this is me
llrst dividend this load hag paid oince
11)08 It has $&.or7.G00 preferred stock
outstanding, a majorltv of which Is held
bv the New York Central and the New
I Inv eu All but a small part of common
block has been retired
Maverick Mills Pay on Back Dividends
BOSTON. Match ,13 The directors of
the Maverick Mills have declared a dividend
of $4 50 a shaie on account of accumulated
dividends In addition to the usual quar
terly dividend of $1.50 a share on the pre
ferred stock, payable April 2 to holders of
record March 20.
More Canadian Gold Arrives
Xr.W YORK. March 13. Gold to nmount
of $7,200,000 has been received at the As
say Ofnco fiom Cannda for account of J, P.
Morgan i. Co , making total from all
tources to date this year of $220,700,000
and since January 1, 1915, $1,358,200,000.
OiaiiNr Finney
AUTOMOBILE BANKERS
Offer special facilities for In
dlvlduals or automobile deal'
v era 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 any pur.
pose the FINNEY SYSTEM
will make a better business
transaction for you. T
REAL ESTATE TRUST BUILDINO.
PHILADELPHIA
DIVIJlKNDS
1I1V1DK.M)
THE BARRETT COMPANY IN. J.)
(Formerly American Coal Troducts Company)
A quarterly dividend of one and (breequar-
tt?r ir rent i) ha b;n declared on both
that I'nmmnn
The liarrctt Company (N, .)
uonuTion aim
Preferred Capital Stock of
tny CM. J.J inn tna American
Cos! Product! Company, payable on April 2a.
1817 to common stockholdera of record aa at
mi rruuut.iB w.nv..... u.o uu .ax.., ah.
Sales in Philadelphia
Net
llllh. aw. rios. itiia.
2 Am Has1 ..Ho itn 120
1 Cam Iron. 4S 4 45
SB ConTrJfJ 74 74 74
AS Krlo t B H
70 O Asph pf M 0.1 1
I lira Co.VA tS J H
210 Kenno Cop 48 45 45
40.10 LkSupCrp titi 21 1V4 V4
l.eh .S'nv. H 82 82 V4
J8S Leh Valley e flTi "8 r
27S Lit llros,. 25 25 H
100 Nev Cons. 2471, 24ft 2174 V
3.10 1'enna 11 11 81 ST Mi '.
813 I'hlltt Co '
cum pf 41W 104 40 2
SO 1'lrlU Mice 8Ji 82 2
16J0 I'ltT tr cfs S0 so 30
.18 Itav Cons 20 2sa; 28 1
08 Heading B.1 111 ' 14
113 Ton Hel 4 A 4V4 4 .
13 Union Trao 13 is
214 t'rr (I Imp 88 Kly4 87
.1101 IT H Steel 111 ion H"7- I '.
60 War 1 & S l 'a -I
2.1 Win Cramp 88 88 88 I
Total hIm, II.IKHI nliiires, MMnrwrr,! with
2LMI7 nlmrr etenlill Hi"" fur IIiIk wis.
SI.MlJ iliuresl smile lierloil I lt nrek, Sl.lli.l
fcliures m. .
IIIIMH Nel
Illali Loiv t'lo" itue
S.100 Arrr (Ins ft
lllei; 6s 97 74 07 1
oooo City ls'67lu: HU 104
2000 lilts Sv 4s 81 .11 35
7000 Lehigh Val
cons 4s
2003 . .,1007, loot,, lon'f, H
3000 Leh & N
Kng 5s. 108 103 103
tono I'enua Co
gen 4Ha102H 102 lojn,
sooo Phlln Co
coirs 5s .04 01 94 -t 1
7oo T'hlla Llec
gold tc 5s 10.1 10.1 105
5700 Phlla Lleo
Temp 6s 102 101 101
oooo Heading gn
4b . .. 01 a(, 01 9
loooo I'tr rtwy
Inv 6 . 70 00 09
11000 Welsbach
Co 5 .. 98 08 98
rot.il Bales, S7S.9O0, ronipared with 8I0J.8OU
veelenbil thus fur lid week, SI70,7llll siiine
ImtIchI Inst week, 1l2H,imi.
Local Bid and Asked
Tnda) Yesterday
111,1 Asked 1)1,1 Asked
llaliln Loco .. .. .12 BJS 5.". 521.
Ilrlll IO 211 21 20 2.1
UllfT & !UBq t o . .. HI 111 III 1.1
do pfd t c B I 11 .1.1 B1
Klectrle Sltorai,ei Ill ml 113 IHI
Oeneral Asphalt 21 2't 25 20
do pref 04 (HI 05 US
Krvatono Tel 12'4 H'i I2'4 t.1'4
l.sko Hup Corp ., . 2J'. 2J'n -'-" 22 4
Ij-hlsli Nnv ...1 .. Si S-- HI 1. S2't
l.ehlgh Val I7'a Hs i.s1. els I,
Lehigh Val Tr 211 i.-8'i 2tl 20'.
do Pfd 4B'i 40 I1' 411
I'enna It It 54 .14'. 5 1 Bl'
l-hlla IJUc 3-"l SlK :UV -
I'bllcr Co . . .IS .10 rfS 811
Uo 5 per cent pfd . . ail .111 ail aw
1I0 0 per cent pfd 4tl' 4II'T 4H 42
I- II T t o . 2'C. an'! .111 31
Itcodliiir Ull J 11V. nil,
'ionopftli llelrnont 4 I1.- 17a 4t1i
Tonopah -Vlinlng ... I!1. bja OH .
I nlon Trscllon 41 43 4.1 4.1S
I' tl I 17 SN 8S
I' w Kteel 110'. 110 110 lit
York Itwy 13 14 11 14
do pfd SU 37 30 37
Wnr Cramii t o S7 NS'i 81 80
IMI1LA. CO. EARNINGS GOOD
The statement of gross and net earnings of
Ih Philadelphia Company Hnd altllUted opernr
Ing companies, dassllled b dtpartments for
January and ten months ended January 31
lilt" compares with tor responding irlod last
year a a follows .
NATIJHA1. HAS DIJI' MITMIINT
1017
11.100 410
7S tut
7,010 (OS
3 827 Il'i3
Increase
1122 S3 1
lilt
073 7H1
404,302
January gross ..,,
Vet
Ten months' gross
Net
OIL DEPAIITMLNI'
January gross 182 301
07
7 137
87 S7S
57 0S2
Nc t . .
2J 2-'
Ten months' gross
Net
272.SOI
170 270
I'.I.KCTRIC LIGHT A POWBK HKPAHrMKNT
January gross ... . 1710.070 ll.lllll.l
Net
271.314
411 47"
len months' gross
Net
B 8112 7811
2 43.1.328
1.270 Ml'l
141 "HI
STHERT RAILWAY DKPA1VI MKNT
January gross 11.180 117 1131011
Net 424 1.17 'Id IK10
Ten months' gross . .. 11 5H2.07J 1 (132 NI2
Net . . .. 3.820 477 77.US
TOTAL ALL DRPATlTMKNTrt
January gross II 018 8(10 1401 0.17
Not ..I 3117.227 4. BOS
Ten months' gross .. . 24. 808.5(11 3.3(1.1.2lt
Net . ... 1021,(1,108 018(1211
Decrease
NEW YORK COFFEE MARKET
N'lIW YORK, March 13 The market for
coffee futures opened u changed to an nd
vance of fi points Trading on the call was
active and mostly In the December positions
Sales amounted to 17,000 bags.
Today a Yeaterdav s
opening close. etose
7 3atr7 Id
7 4H7 45
7 85 7 5517. -IS 7 4lnli7.'(l
7 fl17 04 7 BT(7 .18
70147761 770117771 7n4'.i7(ll
. .. 7 70fT7 71
7 78 7 827i83 7 7flfi7 77
7 HI fee 7 82
7 Sll lit 7 N7
7 03 ft 7 07 7 HOW 8 00 7 Il'Jlfi 7 HI
. . .7 OH 7 llll
8 00 , 8 II I liT 8 (III
March . . .
April
Max
June ....
July
August
September
October . .
N'overnljer
December .
lanuary .
tebruary .
More Gold for Cuba
NKW YORK, March 13 There has beeir
withdrawn from the Subtreasury $110,000
In gold coin for shipment to Cuba.
Reduce Food Costs in
jChfMtnut at Second Street
"WWWwlrWr
PHILADELPHIA MARKETS
(,'KAIN AND FLOUR
WHKAT lleceluls. 108 527 bush. J Olter Inn
ar llalit and tno market ruled tlrm wuri a
fair demand. Quotation! Car lots, n """.;
elevator No. 2 red. lt ll.B4W7.nl " r
aoultiern red, $1 02l 1I7 alenmr No. J "
II.ihiVI 0.1; K'o. .1 red. tl lnil ; rejeiteu A,
II SHVl.til. rejectid M, II NJfl.87.
COItN-lte,el,,ta. 5L104 bU,ll, Tr.J-
lna uuotatlcina ar Iota for local, trad", aa
in incaiioii.
-Western Nu. 2 II"W,
II 2JI 24i
do
i, No. J yellow, II 22WI.23. do. No 4 yjll"'
204121. do, .So 5 Se low. l '
ulhern No. 3 yellow, I l.lli'l JIM J" .
nel u n .i... in imi hush OfTer In Bll wc
4 ypnow,
II.
l
SOU
ll.ht arid iha maVkal ruled, VV-.1 .UnSiVJ
Quotallona .No. 2 .whlteT ,7riW7.Vi iy. atanaarji
while. 74W74WC, No. :l white, 7. 17.j oi No.
4 "hits, 11Vlih !".""., I"1':..11 f.IVC7:i4 lb
. rr.lllill le,. -una sm ::.. ""., "-,"-i.a
llciuuna wob nam " ;.'..--.. - ,
rir uuolatliina ir '" '".
aa to i(llallt)
1'ROVISIONS
There was a fair JobMnu .lernand arid th"
iiarkei ruled llrm I ullnwlng are me ..uo utlona
.,i .,, ... "r." .""-,..,- .... , i.
tttllUfll H lltl HII-II liui . -
beef.
wealern Orel. Ill spin 111,,.-.. ..... -;- . , ,
I,,,,,, kl, m, l..ndrs aiiiiiked und alr-dr eo
pure dl kolrle rendered, in 1110- -"-
REFINED SUGARS
Thera waa lltlla trading and the market was
unchnnaed llellnera "f'n , ,,. ticUoncrs
granulated, 7c. pondern If contictloncra
A H bUc. eolt grnuea (I2'illic
DAIRY l'RODUCTS
llt'TTKU Tba market ruled firm under llakl
ny;?s"l34&td,1!it7cK,;'
aatotd-".''..?...
case, uo.nraia.o... .-'..-- --.,,.,.,. ner
candied iresn m., ,v
"TllKHHR- 'Ihe rnarkel ruled Arm under small
supples and a fair d-mand uotHon. New
lurk full ileum flillO. he'd J.'l'- I'
specials higher Nf 1 "rk Ml .lean, fair t
good, held 2(1 tl 27c. do. pert skims, n.-.
I'OULTRY
LlVi: was In small supply and prices "f fowl
nod chickens a.Uuni..! le unuer a , "7-::j-,,
QuolRtlona follow I owl as 10
cuia llty 24 W
old looers
?!' .""i'. :rV. -,.. '...fi .mealed
'J4U
, ,k.". 1 " '.re and quality iria 24. . Pigeons
I .,er iialr 2S0.I0C do voillig per pair. .'
l)lti:SSt:i Hesliable slock was ve eleaned
nil arid llrril nsld, frum squ lbs which were 1 ill
,1 lower Quotations IT. Mi killed drv packed
fowls 12 Hi box drv picked fancy selected
24. do. welshing -1 I. ; an; . . - p . T
24e do weighing 3'4 ll.a "pier- r-'e "O. ."
rc?e .1 lbs a Piece. 20 lit 22c fowls In bbls. famy
dr? pl'k'd. 'weighing 1 lis and over apiece.
LM smalle, tlz,s 1lil2.'i old rooers dry
r . ....' !.... t,iL am uifirn. In lifixes
welgT.lng lb. per palV. 23W24c. roasting
tilckens. western drv picked. It. bbl-., weigh
Ing WrO lb per pair, 2.1c roasting chickens,
western, in bbls.. weighing 7 lbs per pair. 21
22c. broiling rhl kc ns western, In to"
welshing 3W4 lbs per pilr -jr.WJilc chickens.
weghlr.5 BH lbs ,Per pair. 21 &-J1C. do lillied
sires. 1SSJ20C. broilers Jersey, fane. .12 He
brollirs other nearby weighing 1 W2 Ins
apiece. 3032c, turlP-ys, per lb rancy nearbs,
IWxic fancy western :i2.He. ticlr o ;"''
SOVSlc. old Toms 2'itfS.ie, common. Jistjt
ducks, ncarbl'. 2.125e, do, western, 2-'W24e.
....m. infre-Me .In western
isiai'.uc
7 , ...... .iA.nn llhin tveluhlnff 11
ins
per doren 14 5I1W4 71 white, weighing 1.1.111
bs per dwell I.I75'oI2.1 white weighing S
lbs per dozen KHI3 2.1 while nelglilng.l b
ier dozen $2 r.nl -J 7-1 while weighing OSJil'.i
Ihs per dozen I2M2 21 dark Ili.l'rtJJa.
smnll und No. 2 50. 8' $1
FRESH FRUITS
The market waa generally ateady under mod
erate offerings and a fair demand tluocatlons
Apples per bbl York Imperial. $!; '' J!"1
lllcAls lB0i4r,(l, llaldvvln No 1 4 1" ' ; '
do ungraded I34. clreenlng. No 1 It ..lli
B 50. do. ungraded IIH4 21 Kings No 1
J.l Ml fill do ungraded J lii 4 Rlnxman .No 1
14113 50 do iingraded IJBO'oalo Wlnesap.
No I Il50i!i do Ulirircded 12 MIJi.4 .ill
ni s nortliweslerp )ir box 1 1(1 M 2 ad
lemon per bor 11074 oranges Horlda per
crate Hrlght fancy. I3O0 50 Russet fancy,
$2 B0 it a 50. poor llT2 2a. (.rapefrult. TlorldT
FILIBUSTERED
The United States Senate was recent
ly prevented from passing on a vital
protective preparedness measure be
cause a few men saw nt to kill
TIMi:
Mnny llondsalesmen are allowing the
little betrayers. "I'm too busy," "I
will later." etc., to defeat a pro
tectivo preparedness move that will
affect their business tarcers.
Meie belief In preparedness Is not
to rtK prepared When you go out
on the heaa of "prospective business"
arm yourself against the "ruthless
attacks" of Insulllclent knowledge
Investment Knowledge Is your best
weapon against "lost sales "
Don't wait until the "gavel falls "
Write for nn outline and Information
now.
INVESTMENT BANKERS
BUREAU, INC.
vt i:i.i.i;si.i:y hills, mass.
a practical way by developing
our own agricultural resources
within the city limits.
Philadelphia has a total
area of 82,933 acres. More than
half, or 44,000 acres, are not
covered by buildings.
Lands actually used for
farming are valued at
$30,000,000, and the crops
raised are worth $2,000,000
annually.
A Farm Agent
in,the mountains of Pennsyl
vania increased crop" produc
tion in his county over $500,000
per year.
Why not have a Farm
Agent here?
Now is the time to plan for
next Winter's food supply.
Corn Exchange
National Bank
Philadelphia
uni n pi
in I, in am- luinr uuuiit viuun i"-t .--- -
.al...ta auaa 1 1 in I
wchhI V Inter alrulanr. l5ofU It. Kniiaaa. c r.
lotion a nka, r,il8 73 "", "lr.a. fK'
lotion Backs. 11111112:1.00 Pjl'nl U1."",1,. J,.!:
Id 25WII :,0 sprlliK. ilear IS.WIW 'JfoVu Hi'V" I,
tut III '-'.. 11 II I." do 'nvorlte l.rnnd. Il" f
illv mill., thobe I riir pBiiri '0'i,,ri'3
IIYK r'l.cii II unlet Wo illloto ll.illlWi !
per bbl
.Mi. wiatertl 1,0 r Kliu. una in ""-. " ", r,7c
lie. I.er lllllna l--S-CI.HI. ,l'rk. .f" .V ',lo
(7 50 hams I- MlMl lii 21W2I 41", ""
Mlin.d lu-t JJ4I.M. !. dj Bliroliii I . I
.-.I',. oilier hsin Bll".-.'.1, '", ', I '. ,kl
l.run.1 and nveiaae 22l22'c ''",,.,lM,l.,r,,
WFBlt-iti Hind J.-2J'.i liolbd honeli-SH aoi
pi, ill, ahonld.rB HP Vlr"' 'r"',,V,rdln'ij o
Slirnked 17'n'. b lea. III pickle. Hi lurtlirr l"
v"rK. Vo I'.. 'r"'K1rHr.lt"co,,rekfH ll
brand and nvrraa.- ens' 1 Ured. "' '"""J1 I
tnrull. wealern oiled JJ'jC lard "'", I
lined lierc.B 211. a? '"1'l0.lllu,b"' -V,f "rd I
uura ilt k.llb lelider.d. Ill tlercea -uc. l.iru
ol prims joouiii u. .. ,..,,.,- r,ila firm
Kiltl-4 Uemalid was good and 1 11 ues ruled nr m
wllh receipts well cleaned up ut.ltl.ons D rh
'::t,'nn illc p"r .lore... do extra llr.b, $8 2a Per
par crate. $204i plneapplea, Torto nieo. par
crale, I34 60s crnnberrleB, I'ana Cod. Per, bid,
Kancy Tata varlotles. IBn 601 early black,
I24i cranU-rrlea. Cap Cod. per crate, II 50
W2 do. Jersey, per crate. tltM.&ill straw
berries. Florida, per quart, 40075c,
VEGETABLES
Thera was little trotJIn and prlcaa ahowed no
ImrwrtAnt inange. cjuoratlonai Whllo poia'"'".
per buhcl Pennsylvania, choice, I2.7BJ3!
New lork, choice. $2.7! western, rholca. 12.28
W2.75. While polalnea, Jersey, per basket.
II.40W1.01. Hweet potatoes, Kaslern Hhore. per
Jl.i. No. I. IJ7SW3 23I No. 2. $I.Bila. Hweet
potatoes, Delaware and Maryland, par hamper
Nil. 1. tl.75021 No. 2. II 21411.511! culls $1,
Hweet polaloea Jersey, per basket No. 1. 11 411
Sf 1,50, No. 2, SoWOIe. Onions, per lno lb. ban
-No. 1 lellow, 17 508 BO, No 2. I5fl. Cab
base, aouthern. r hamper, 1102.50. Hplnach,
Norfolk, per bbl.. I.1W4, do 'leas. per ham
per. I-' 6H443 Kale, Norfolk, per bbl , 2 40.
r'allllflower, Norfolk, per crate. It BIIW2. la-t-trice.
Florida, fancy, per bjsket, 4il, do do,
poor to KOod, per basket, 113. Celery Hon
da, per 10 Inch irate, I1W3 5o llesns, Florida,
per basket (Ireen, J.'iUflil, Wai, I;, Will. i;vk
plant, Florida per bore, !3,BII5, Peppers,
I'lorlda, per bn. 15 SUHA Nqiianh, Florida,
per bo II 7.1H2 2.1. l-eas. Florida, per has
kel, Bar7. Tunialura, Florida, per 1 rare. 12 75
41 B. Mushruoms, per 4-lb. basket, II. 40 1,75
NEW YORK BUTTER AND EGGS
NHVV TOItK Marrh 13 IlllrrKR Iterelpls.
in. 171 tubs. Moderate trading suppllea fair
arid lone barel) steady No changq In quota
linns ,
LIICIM Ilecelpta 2.1701 casea Actlla trad
line with sllghil) firmer market Hrown, 20(r)
niii mixed. 27,itl28c No change on other
qualities
Office of WILLIAM P.
American Utilities Company
The annual meeting of the stockholders of the American Utilities
Company was held February 28, 1917, at the office of the Company, 437
Chestnut Street, Philadelphia.
The following directors were elected:
ABRAHAM M. BEITLER
WILLIAM P. BONBRIGHT
IRVING W. BONBRIGHT
WILLIAM S. EVANS
WALTER H. LIPPINCOTT
ARTHUR H. LOCKETT
WILLIAM H. LONG
JOHN C. LOWRY
HOWARD H. LOWRY
CHARLES H. LUDINGTON
MORRIS W. STROUD
MORRIS W. STROUD, JR.
William P. Bonbright, President, presented the annual report for the
year ended January 31, 1917, which shows that the business has had a very
satisfactory increase over that of the previous year.
The Company's net income for the year, $34,929.50, together with the
net profits on sales of securities, $103,401.18, amounted to $138,330.68. of
which $42,000 was paid out in dividends on the Preferred Stock. The
balance, $96,330.68, was passed to surplus and contingent reserve accounts.
There were paid four quarterly dividends at the rate of 7 per annum
on' $600,000 Preferred Stock.
The nroeress of the Company durine the last four years is shown bv
the fact that on January 31, 1913,
.wnereas on January oi, iai, me surplus amuunicu 10 $iuu,uuu, ana ins
contingent reserve fund amounted to $32,517.03. This increase has been
attained after paying out in dividends the sum of $162,000, having been
accumulated exclusively out of earnings.
' CENERAL BALANCE SHEETJANUARY 31, 1917
ASSETS
Contracts and Options $924,611.35
Investment Securities at Cost
Bonds, Notes, etc $177,882.50
Stocks .., 630,458,43
r 808,340.93
Interest and Dividends Accrued on Securities Owned 8,521.84
Accounts Receivable .' 5,000.00
Cash on Deposit .- 3,635.19
Total Assets ..."
Capital Stock Common . ,
Capital Stock Preferred
Accounts Payable
Reserve for Taxes
Reserve for Contingency
Profit and Loss Surplus .
Total Liabilities
MANAGEMENT OF PROPERTY
IN Colonial days, the landed
proprietor spent much of. his
time in personally managing his
property, cqllecting rents, finding
tenants, and supervising repairs
and improvements.
The busy Philadelphian of to-day
may relieve himself of these cares
and worries by appointing this
company as agent to act for him
in all such matters.
A)k for our Folder
" Ileal Ettate Managed"
Philadelphia Trust Company
(Chartered 180)
41fi Chestnut Street :: J415 Chestnut Street
We Suggest
SOUTHERN RAILWAY COMPANY
. DEVELOPMENT & GENERAL MORTGAGE GOLD 4'$
Interest April and October. Dua 1956
These bonds are secured by general lien cither directly or
collaterally upon the property of the Southern Railway Company.
7hoC??r?y rePr)s 8urplustmcome over all charges amounting
to $9,333,899, equal to approximately 15 on $60,000,000 of Pre
ferred' otock.
vfRICE TO NET ABOUT 5.85
. CHAS. C. HARRISON. JR., & CO.
BUNKERS
i FIFTH HND CHESTNUT STREETS u.i .r.n UIA V
I '
Menbtre
. .w Tork und
Financial BritU
:
The New York Stock Kxchanta v.. "
milieu IU iiov cnM.oici. nun Aruotia Mll
Company capital stock mm'H
I,ouls K. Waring, of Chanaiae r,. '.j
A Co., has been elected president of ,?v
Cuban Oil Company, srfcceedlnr tr,. 1
IVe r llnv..' . I" 11111'
Dr. C. Hayes.'
The New York Subtreasury lost $2 ...Ml
to the hanks yesterday, making cash .. , 'I
altice Friday or $18,338,000. """ !-,
Oros earnings of the Utah Becun.i ;
Corpornthm's combined subsidiary pro ,l
lies lor reuiuaiy cuiaien 4qU2,124 an i 1
creaso of $82,696 over Kebruary, i 1
was $281,182, n gain of $45,708 after tiV' '
Tho net Income of the ! Irlllard C
parry for the year ended December Ji T 1
$5,871,077, an increase of $1,051 ij, "
l10
LIVE STOCK QUOTATIONS
(IIICAOO March 18 IIOtlH rtereiM, ,.
5nJiMi.?,M,'T0- ,,"M' " nV'
lnu.r N'nllvo Had western. I7 4.1ttl"fi-. , '.
j, ... ..,.,- ...,..... .in.,, .I.ril.l ,-
iiiii.iio ""
1
BONBR1GHT & CO., Inc.
the surplus amounted to $14,34664, J
$1.750.109.31
Z .Tl
Ileales. IH.25 12 75 1 lows and helf.ft "R "f.
C 11 . Blockers and feedera IH.loB 85, T" '.'
IHBnftllBU, cirlyea. I1IIM13 ' '.
HIIIIKI' lleeelpta 311.000 head, V.-I,.. ,. '
LIABILITIES
..$1,000,000.00
. . 600,000.00
7,500.00
10,092,28
32,517.03
. . 100,000.00
$1,750,109.31
Philadelphia
raia.saia.
rhlldelp4iU Btoek Kirh..i . ,,'
1
I
1
I
tha close of business March mm. 1B17. and on
April leth, 1817, to preferred stnckholdrra of
re " x WfaW&8!&8'
;;...'.,we.04o , '147,844
.
.Vt -'.- . . ,.t
BsSbuTV i-'-AZaBl
, 0 " j? . Vt?IP''9Mibj
,.'1