r
-.
it.(
U
tt.
r.
i 4
wmsmwum
y f. ;
,o--
i i t
$16.80
.'fatbtK w available for divi
Jtoclt'ckpreciation and reserve
'! ecounti as shown by the official
!4iports of the American Gas
? Company for 1916. In other
t Woras, for every dollar paid but
in dividends on its 8 Capital
Stock, the American Gas Com
pany has set aside over a dollar
for depreciation or reserve ac
counts. The Company's earning power
, it considered dependable on ac
count of the character of the
business of its subsidiary com
panies and their geographical
distribution.
For further information about
this sound investment stock send
for 'Circular No. 2512-A
miSBsmmsw mmrmm
FINANCIAL NEWS
GAINS RANGING FROM 1 TO 7 POINTS,
ARE RECORDED IN NUMEROUS ISSUES
Bull Movement Makes Further Progress in Day's Trading.
Large Offerings Are' Easily Absorbed Special
Reasons for Advances
High Points in Today's Financial News
Hull movement in Wall street made further headway in trading today.
Large offerings were easily absorbed. Vigorous trading on Curb, with
higher prices. Cotton higher; grain lower. Plea for receiver for Long
Island Railroad denied. Road had good year. Cambria Steel Company
annual report showed earnings of .15.7 per cent on stock, against 14.2 per
cent in previous year. 1'ricc of bar silver lower.
WilliamP.Bonbright& Co.,Inc.
IdOHRIS WIST AH BTKOUD. Jr.
Slanutcr
437 Chestnut St., Philadelphia
New York lloitori Detroit
liondon PnrU
William T. Honbrlght SfCo. Ilonbrlzht A Co.
Investments
That Are
Sound
When. business conditions arc ab
normal many investors plan to have
a large part of their funds placed
in well secured bonds of corpor
ations with a record for steady
earnings.
We shall be glad to suggest for
consideration a diversified list of
conservative bonds that are regard
ed as intrinsically sound. -
e.iu-eiarR$eo.
DANKKRH
(Established 1837)
321 Chestnut St., Philadelphia
i
PitUburEh
Boiton
Chicago
Wllkes-Harrn I
Heading
DIVIDENDS
Wo are specialists In
DIVIDEND PAYING OIL
SECURITIES
We have recolvcd from tha
OKLAHOMA BANKS
listed below, Fpeclal reports which
are of inestimable value to In
vestors in the securities' of those
Companies operating In tho M Id
Continent Fields:
THE FIRST NATIONAL HANK
THK HANK OP GOMMKKCi;
THE C1TIZKNS NATIONAL HANK
THE OTJAKANTEi: STATU HANK
Copies Oralis Upon Iteipiest
We solicit order for roi.li or par
tial payment.
WINSLOW TAYLOR & CO.
II Walnut 05 402 IVIilener nide. II
II Walnut 0587 Philadelphia, Va. II
H We take a justi- m
s
fiable pride in the
type of our clients.
They are the good,
conservative, clear
thinking men that
succeed.
M lSthAW-alwatSt p
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 n
car of any kind for any pur
posethe FINNKY SY.STKM
will make a better business
transaction for you.
REAL ESTATE TRUST BUILDING
PHILADELPHIA
D. Lupton's Sons Co.
7 Pfd.
CMBulative, Quarterly Dividends
Free of Pennsylvania State Tax.
lEarntogs Six Times the Preferred
v Pividend
Price $98 per Share and Accrued
t V. Dividend
Morris Brothers Co.
1421 CHMtout Sfcwt
AJ
( - l
NM Y1VNIA KAiXKUAD' COMKT
irruwisnAnr -ixi THE Allot.
WifwlIl Mrtelved .th oBIcs
itlea.
- IA
frtp Ch'
bWMUHr Platform
i il -w..
ffil4!VroffiE"
,
rf
NKW YOiUC, March 20.
Tho development of n vigorous bull movement made further progress In
todny'w trading on tho .Stock Kxchnnge, when prices of numerous Issues had
ntt upward nwlng ranging from 1 to 7 points, nnd with tho upturn having a
solid hacking of ti general and stcndlly broadening outsldo Interest. Those who
forttj nn Important part of tho Wall street professional clement continued
aggressively bearish, with tho plungers on tho bear side selling stocks In largo
blocks. Tho room traders fought tho advance, offering stocks at concessions
whenever tho buying heemud to diminish in vigor.
Tho largo offerings, however, wore easily absorbed, nnd tho manner in
which tho market moved in face of heavy selling bt ought tip tho rcmatlt often
mado by Jay (iotild: "That everybody is bigger than anybody." The rommls-slon-houso
buying, which increased In volume throughout tho day, was almost
wholly on comparatUely small orders, ehle,fly 100 and 200 Hhnrcs at a time,
but reaching a largo aggregate.
There were many efforts to cover shorts, but tho supply of stocks con
tinued scant, a condition to bo expected after tho constant depletion ot Wall
street holdings. There were special reasons for advances in many stocks, the
buying of the llcthlehcm Steel issues, which mado tho greatest gnlns. being
based, to a great extent, on knowledge of nn examination and report on the
property, understood to have been filed with controlling interests yesterday.
Tho Marino issues also had a special reason for a display of pronounced
strength In the matters that have not yet been mado public.
The declaration of a stock dividend U expected on Industrial Alcohol.
Sloss-Kheflleld becamo prominent lato In tho day, when it advnnced 6 points
to 7-1. Kcrcsslons were frequent nnd in some Issues extensive after vigorous
advances wore made, but these recessions did not lndlcato nny chango in
market conditions.
Bonds wero strong alt through tho day, with trading in larger volume than
'for somo time past. Many issues made gains ranging around 1 point.
OIL STOCKS ARE MOST PROMINENT
IN VIGOROUS TRADING ON THE CURB
SEW YORK, March 20.
Thero was vigorous trading on tho Eroad Street Curb all through tho day,
with the nil stocks-demanding most interest again. Merrltt Oil was traded in
at 30 to 31. and Midwest Kenning ranged from 130 to 134. Klk Basin rose
from 13 to 1-Hh. a new high record, and there was a strong tono to Saptilpa,
which rose from It1, to 12',..
Mining stoyks wero irregular, with tho low-priced Issues generally in best
demand. Kex Consolidated rose frnmf'37 to 41 cents on buying based on advices
of a new strlko nl tho company's mfne, nnd it was stated that its output will
soon be more than doubled.
High-pilced stocks were generally llrm, with United Verdo selling at 3d
to 3!i, Kutte Copper and V.c from 10 to 11 nnd Big I.edgo from 4"& to 5.
Progress Mine and Milling was In good demand, with large transactions around
V4. Tho company lias purchased the Robinson mine in Colorado, which was
operated on a lease.
St. Joseph's Lead sold at 1SU and IS',4, and Calumet and Jerome at 1
and 1, and Jeromo Verdo at 2 and 21-lfi. Midvnlo Steel moved in harmony
with the steel shares on the board, advancing from KO'i to 00.
Zinc Concentrat,lug showed a resumption of speculative "activity, being
traded in on a large scalo and advancing from 3'i to 3;. Chevrolet dropped
from 111 to 13fl but later rallied to 135.
INDL'STItlAI.K
, niii.
Aetna Kxplostves 3h
Am Hrlt Mfg "
Am Marconi "m
Am Sumatra Tobacco . SI 14
American Writing Paper Wi
Can Car & Kdy "'
do pref
( 'unveil Steel
Charcoal Iron
Che rolet Motors
Cramp Shipbuilding
Curtlss Aeroplane
Hmerson Phonograph . .
Haskell & Barker Car.,
llendco Mfg
Cathodlon Bronze pref . .
l.ako Torpedo Boat ....
Lima Locomotive new . .
Marlin Arms .'.
Maxim Munitions
Mldvalo Steel
N Y Shipbuilding
North Amor Paper
Otis Klevatnr
Plerce-Arrow
Poole K & M
Kcdden M T
Scrlpps-Booth
S S Kresge w i
Santa Cecilia
Santa Cecilia pref
Standard Motois
Steel Alloys
Submarine ,
Triangle film
Todd Shipyards
Pnl ted Sugar
Pnlted States Steamship
United Motors
Pnlted Prollt Sharing ..
P S Light nnd Heat com
World Film
Wright-Martin Aircraft.
Zinc Concentrating . . .
IIAIMIOAIIS
Bock Island com 3(1 ',
llocl; Island A pref 84
Bock Island B pref. . . .
Western Pacific w I . . . .
Western Paclllc pref....
Wabash Pltt3
Wabash Pitts pref
RTANOAim OI
Yea, close.
AsU'rt. isnle)
I
13
35
30
:ir,
is- mi it
l,T 130 111
HO !I0
is '-:
ISVl PiV, HVh
41 41 Mj 43V4
81 27
3 I 3
J !) 'a !
ft? 58 ft 7 Vi
87 JO 81)
3t 3'i 3
fll 01 Pi !!)
38 Vi
r', fiV4
ft8 05
!.-.' 13r. 4ftJi
80 Kin
.'0"i 81H 12V4
30 41)
13 13 1314
20 20
ftft 00
T4 ' ..
8 8Vi ..
23 21 23 14
15 H'h 1'V,
81 8ft
3.-. a.iTi . .
0 !4 I'i
11 41 Vi 41
; Vt . .
iy it;. ..
i v . .
!n -Vi ta
3 .ts,
i.MiKi'n.vniiNT on. stocks
Inter Petrol
Houston Oil
Merrltt Oil
Midwest P.ef
Oklahoma Prod &
Osage Hominy ..
Bice Oil
Sequoyah
Sapulpa Bet . . . .
Sinclair
West End O & C.
Continued
Ys. clo(p.
JIM. Askeil. (vale)
1 1 if. 1 1
20
30',
133
1 1 14
111 1ft
. 17
. 3014
.130
. Illi
. in
U4
i i ,
ii
Hi
1214
ftO
in
114
13'i
soy,
30
1'
li 14
Mr.
JIlMXd STOCKS
Alaska Standard 30
Atlanta 13
Big Ledga 4
Blsbco Cop (a prosp)... 1
Butto Cop and SJInc .... 1114
Butto NY Hi
Columet & Jerome Hi
Consolidated Ariz 2
Duiuleo Ariz Hi
Kinma Consol 1 14
First National 2!Ji
Florence Coldfleld 21
(Ilia Canon 04
uione Joininnm u
Ooldlleld Cons
Goldllold Merger . . .
Oroen Monster
Hecla Mining
Howe Sound
Independence Lead
Jerome Verdo S
Jim Butler 70
Jumbo Kxtenslon 3D
Kerr Lako 4 14
Kewanas 10
McKlnley-Darragh 40
Magma Copper 47
ft 7
0
7Ti
70
17
47
10
48
371
80
71
20
ftO
21
no
3V4
84
70
STOCKS
Illinois 340
Ohio
Pralrlo Pipe,
PIcrco Oil ..
S O of Cat .
S O of X J .
S O of X Y .
.'.188
.332
. nr,
.207
. 003
.310
245
3U2
335
I ft 14
300
007
320
001
314
IXIlKI'KSIHJNT Oil, STOCKS
Am Ventura 20 2S
Harnett Oil and Cjas .... 2i 3
Cosdcn Oil and Gas 1 1 14 1 Hi
Cosden & Co 1ft ISV4
Klk BaBln 13 lay,
Fcderat OH .114 5!i
2T4-
14H
15i
Motherlode .' 30
Mines Co of America. .
Nevada Wonder
Nlplsslng Mines Co....
Bay Hercules
San Toy
Seneca Copper
Stewart
Pnlted Verde
Tonopah Extension ....
West End Con
White Caps
Victoria Oil
Ycrrlngton
BONDS
Am Smelting Ss
Beth Stl i' p c
Ciulahy fis
Cosden Oil Cs
Cosden & Co new 6s..
Mldvalo Steel 5s
Russian 0',:b
Russian Mis
Sinclair Oil Cs
So Rwy 5 p c notes . . .
Todd Shipyard Cs. .....
U S Rubber new Bs..
Western Pacific new 6s
B' I Chill Copper Cs
HI
H4
8
4
14
2 Y
,'
38!i
3
71
114
47
00
3 1 3ft
14 11
ft 14 ft
Hi liV
11 H'Ji
2', 214
UJ Hi
2'i 8 A
114 Pi
:i v 3
2ft
.10 ft7
14 . .
00 00
8 7J4
2V4 2
8 8
7 7
10
214 ..
72
41 30
4 ..
10 10
fi3
4814 4814
40 30
214 ..
8 V. .'
414 ..
10 . .
12!i 13
14 A
3014 30
3ft 3V4
74
2ft Ui
l'4 114
40 41
yr notes 0814
004
.103
0714
08
00 ',
10314
. 107 14 108
. U 00
0314
. 8014
.110
. 08K
.100
. 0314
. 88
H714
11014
00
102
03',
80
. 10094 lot
07
084
00
0414
87'
02
10014
NEW YORK STOCK SALES
Advance Rumcly..
do pref
AJax Rubber .i. .
Alaska Cold jr..
Alaska Juneau . ..
Allls-Chaimcrs Co. so
Net
t'loop. rhce.
1714 Vi
8014
43
.. 02
. . 0414
. . 48V,
. . 107
.. 0014
. . 42
. . DO "4
.. 15
.. 7IU
.. 27
,. 3 1 "4
.. 5IT4
.. tip,
. . loo
3314
00
8
7
2014
80
4.1
03
3?i
48
do pref
Am Bank Note. .
Am Agr C'hrin..
Am Beet Sugar. .
Am Can
do pref
Am Car & Fdy.. .
Am Cotton Oil .
' do pref . . . .
Am Hldo & L
do pref ....
Am lee Sec . .
Am Linseed .
do pref , . .
Am Loco ....
do pref . . ,
Am .Malt pref t o 03
Am Smelting
do pref A. . .
Am Steel Fdry. .. 04T
Am Sugar 113 113 11214 1
do pref no Hi: 110 1
f
14
1
1 li
74
VI
ItlKh. Low.
1714 10
3314 33 3314 14
nn ihi Of) 4- 14
8 814 8
7 074
28i
8ft
43
0114
0214
4 714
107
6801
42
0014
llli
00
2114
20
54
13". 4
100
5 Hi
.10814 10714 10814 1
. .ino'j 100V4 10014 14
r.314 H4 1
107
08
12 114
014 Vi
1514 14
70 1
27 14
30
ft I
73 14
100
r.3
l
1
w
r.oTi
31
37
08 14
80
CAMBRIA STEEL EARNS
. 55.7 PER CENT ON STOCK
Establishes New HiRh Record Nearly
All of Shares Owned by
Midvale
The Cambria Steel Company had a. record
year in the matter of earnings In tho fiscal
year ending December 31, 1916, The an
nual report, Issued today, showed earnings
of 65.7 per cent qn the $45,000,000 capital
stock, against 14.;, per cent In 1015. Vir
tually , all or the Btock Is owned by the
Midvale Steel and Ordnance Company.
The Income account compares as follows:
1910.
..2T,ftll,7l
,. 1,821,10.1
.. ".l.mio.K'.n
r.iin. inn
!5,n94,.1.13
3,n.i7,so(i
!2.05(l,6u3
rxpenari
101.',.
18,320,072
1.851, R24
7.075.HH
071. 1110
0.40.1,038
n
,7(10, Of IU
TotM net earnlnci
Depreciation, eic. ....
Net
Cumbria Iron lcaie, etc.
tNrt Income
Dividends ............
tiurplu t.
After Jleductlns all
ntratlon or the nrorertlen. including thna
fnr ordinary reDSin and maintenance, nnnrnvi.
jxukMy 14,818.300.
Tr.qiuua uu.l per cent on inn iij.uuu.uuif out
Hnadln atocK. ai aaalnst 14, 1 per cent In
.ThV';'air't nfi'lhai Cambria Iron Cnmrthm-.
whWifrl IwaedMa "the Cambria RUrl Com-
SP"SiWo?",..0 J.ozs w.
2.703,538
Incident lo
LONDON BROKERS BET THAT
WAR WILL END THIS YEAR
Wagers Placed Without Odds Allies'
Advance Helps Market
LONDON, March 20. Securities on the
Stock Exchange were buoyant again today
on the rapid forward movement of the Allied
troops. Bets have been mode even that tne
war ,vlll terminate this year. Investment
husiness was fairly brisk, and dally trans
actions again In excess of 3000,
Notwithstanding Chancellor of the Exche
quer Bonar Law's statement In the House
of Commons that the expenditure for the
war for the fiscal year would be 6,000,000
a day. the gilt-edged section displayed
strength In Bpots. ,
Influenced by the betterment, at New
Voik, Americans were higher. Grand
Trunks were strongly maintained nnd homo
lines yere firm. There was profit-taking
In Argentine rails.
Allied bonda were good. A further block
of Russian credit bills Is expected to be
placed here this week.
Bubbers were sustained.
BAR SILVER
nB..:-.
Am Tel & Tel
Am Tobacco . .
do pref new. .
Am Wool
Am Wtg Ppr pr
Am Zinc & Ld.
do pref
Anaconda
As Dry 'Ids 1st pf 53
Atchison
do pfd
Atlan lllrm & Atl l.V4
aii litur & iv i
do pfd
Bald Loco Co
do pfd
Bait ft Ohio....
do pfd
Barrett Co
do rights . . .
do pfd rights.
Beth Steel
do ll
Burns Ilros
Brunswick
Butto & Sup Cop. 48
calumet & Aria
Cal I'ctrolcum .
do pref
Canada I'aclllc .
Cent Leath
do pref
Cerro do Pasco.
Chnnd Motors .
Ches & Ohio . . .
Chi & Alton ...
Chi r?t West . .
do pref
Chi M & St I'..
do pref
Chi & Nwn
i' It l&V 1st In pd 3R
13714 127V& 12714
310 210 210
III7H 107U IKS W 4- Vi
50
ftl
3714
0814 74
8014 1
r.3 14
101
ooi'i 14
15 Mi 14
11314 1H14 11214
r.314 02 0214
50
r.i
3714
0814
8.1 14
ft 3
. 101 101
vu ',i :i
ft7 50 fi0!4 1
102 10014 10014 114
80H 1014 "014 1
7.114 7314 13V4 1
111 110 111 t
2 314 314 .14
3 3 2
140 I3H 113 4 0V2
130', 1.10 130V410V,
118 11714 11714 4- 14
1 0 Vi 1014 1014 14
48 47 47
83 83 83
2514 2414 24 74 yM
5714 50 ft0 t I Vi
150?, 158 150'4 -fl
07 05 0514 1
.1131', 113V, 1I3H 1
3034 30
101 101
fll
17
I3T4
, 80
.110
.1101
0014
1014
1214
31
8.1
39
104
0014 ',
1704
1314
35
80
11814 11814 4-
110
SHVi
25
.10
70T,
10
13
20
130
3 Hi
1014 .
3814
2.1
50T4
70'
'.3
4- V,
4-
4-
4-114
( hlle Copper .... 20
Chlno Con Cop . . 00:14
Cliiett I'eabody . . 70
Col Kile! & Iron. . fi3
Col Cas & Klec. .. 4 Hi
Col & South 30T4
Consol (las 12014 120 13014 4-
Corn Troducts.... 3515 3 Hi 3ft', 4
ilo pref? 107', 100 Hlfl
t.ruclblo Steel 71 00 711
do pref IllVi 111 111
Cuba Cane Sugar. I5V4 43', 1.1
do pref. 00 0(1 Oil
Del fc Hudson.... 11 Hi 14114 lllli 4-2',
Den & II pref.. 3.1 31 31', 4-
IBV4
1 14
14', 4-3
21 4-
4-2
14
4-2
4- Vi
2014
42T4
3314
1814
3.1 V4
Dome- lllnes.
Det Hdlhon rights
Distilling Secur..
Krlo
do 1st pref....
do 2d pref
Fed M & S
Gaston Williams. .
Gen Kleo Co....
Ocn Motors
do pref
Goodrich B F
Granby Mining ..
Great North pref.
Gr North Ore subs 37 !i
Greene Can Cop.. 10
Gulf State Steel.. 13214
181',
414
2214
28,
4 I '4
33'4
1814
3ft
18',
114
22 i
2814 1
4 1
3314 J-
1814 4-
10014 10014 10014 - 3
124 V,
00 Vt
.18 14
80-14
lift
do 1st pref
.107
Int Agrlcul It)
do pref 40
Inspiration Cop... 0314
Interb-Cons Corp. 1314
lilt Harv of N J. .11014
Int liar Corp . . . 8t
Intr Mer Mar .... 32
do pref 0.114
Inter paper 4.1',
Int Nickel 40',
Kansas City So .. 2314
Kelly Springfield . 02
Kenno Copper ... 4014
Lack Steel 80
Lake Krle & W. . . 2 1 '4
do pief 40
Lehigh Valley . . . 7014
Lee Bub & Tire.. 23 li
Long Island 4114
Max Motor flflli..
do 1st pfd 71
do 2d pfd ..i.. 3.114
Mcx Petrol 0714
Miami Con Cop. .. 13
Minn Si St L new. 2314
M. S ! & S Kt M.
Mo. Kan & Tex.
do pr 17
Mo Pacific ctfs... 13',
do w 1 3114
do pref w 1 50
Mont Power....
National Biscuit
Nat Enam & Stpd. 3.1 V4
National Lead.... 58 'i
do pief
Nov Con Copper
N V Central 08
N Y N II & If.. 4014
X V Ont & West 2ft
13114 13114 Vi
00 li 00 li
.17 .1714 4- ',4
80 80 4-
114 11114 4-1
30 .1714 4-1
4ft "4 4ft 4-
131 13314 4-214
1117 107
101 10114 4- 14
10 10
40 10 4- 1
02 03', 4 IVi
13', 1314 1 V-
11714 11014 4-314
78Vj 81 4-3
30 31 -fl
88 01 4-3
41 41
44 40 14 4-Hi
23
0114
40
8.114
21T4
40
0014
22 Vi
4 I V,
.1114
70
34 ',
01
11
!3
2S'i -f 14
"2 4-114
4fl
80 4-214
31 4-3
40 4-
09 Vi
33 :l'
41 4-
ftSV4
ioy, ij
3114
0514 4-114
41
23V4 V;
113V4 113V4 11314 4-H4
814 814 814 4- 14
17
13
30 V4
55
17
13', 4
3liri 4-
.10
Vi
4-3V1
102 1021i 10314 4- '
118 118 118 4-
31 35 4-Hi
B7T4 7T4
lllVj 111V4.U1MJ.3V4
2.114 2414 24T4 4- Vi
07 Vi 07 4-
40 40 4- ',
24 21
Norf & West.... 131 130V4 13014
HOT,
103V4
61 Mi
North American.. 001
Noith Pacific. .. .100
Ohio Kuel .12
Ohio Gas ...
Ontario Sliver.... ft ft:',
owens Hot 103 103
Pacific Mall .... . IVi 23
Penn B It ftl r.414
Peo Gas & C 0774 07
Pere Marqut w 1. 20 28
Phlla Co 30 38
Pitts Coal ctfs.... 40 47Vi
do pref ctfs. ...11814 117
Pittsburg Stl prcf.ioo loo
Pressed Steel Car. 80 ko
By Steel Spring. . 53 fl3
do pf O8V2 fVi
Bay Con Copper.. 20 20
Beading 00 07
Hep iron ti. Steel. 8,1 84
fi74 - 14
100
4-H4
5214 4-H4
11414 H2V4 11414 4-214
r.
103
23
r.i
07
28
38
48 4 1V4
14
14
Vl
4-
4- Mi
117
100
80
ft 3
1
'
4-1
08V4 14
SO 14
08
4-H4
85 V4 4- 2 V4
, .102Mi 10214 lOJMi 4- Va
otMi
55
20
15V4
103
28
00
00
28
50 Vi
05 V4 4-2 '4
55 1V4
20T4 14
18V4
10.1 V4
29 4- V4
13 4. ft
00 V4
sow, 4- 14
00 4-HI
17 Mi
1
332
40,
B7V4
do pf.
Boyal Dutch 00
Saxon Motors .... 57 V4
St L, S P 20
Seaboard Air Line. 15V4
Sears Boebuck,. . .105
Shattuck Ariz ... 2014
Sloss-Sheff S & I. 74
South Pac 00 V4
South B B 20
do pfd 00
Studebaker . . .
do pref ....
Tcnn C & C w I
Tex & Pao '....
Texas Co
Third Ave. B B
Tob Prod
Tol St L West ctfs 8V4
Transue & Will... 40
Un Bag & P new. 100
Union Pacific ....140 13014 140V4 1V4
unuvu uiuy mcci fuya o 40 4. 154
United Cigar Strs.103 101 10114 14.
United Drug ... . 7514 7514 75V4
do 1st pfd 03 S3 Mi mi 4- u,
United Fruit ....140V4 14114 us tu.
United By Inv.... .OV4 0V4 DVl 4- if.
U H u 1 i r . . my
U S Ind Alcohol.. ISO
U S Bubber 014
do 1st pref ..,.108
U S Smelt & Bef.. 64
U S Steel 117
do pref
Utah Copper
.105 104 105 4-
.IOOV4 10,1 105 Vt
17 y,
l
230 1V4
40 114
87 V,
8 Vi'
40'j 4-
iuu .-:
17
10
130
40 V
B7
8V4
45
00
ItlSll.
do pref B .... 2.1
West Maryland . . 21
West I'nlon Tel. 07
Westlnghoiise Mfg 5414
Woolworlh 145
Worthing P & M.' 2514
do pref II 81
Wheel & L 13 ... 1714
W &. U M pref... 30-1
Whlto Motors . ,
Willys Overland
Wilson Co
Low.
25
23 V
07
52
145
25 V4
51
1714
30
80
35
0.1
Net
Close, ihec.
25
23V4 'i
07 I'fc
84 4-2U
115 V
25V4
54
1714 Vi
30 4- 'A
50
3.1 4- 14
05
50
3.1
0.1
i". ,iit.i.tn,i towel Ten nrcf erred, l'.i '. Con
solidated Internum Callahan Jln'nckomfin7i-:
I; .Mlnnenpolia. Ml. Paul nnd hault Ste. "f'9
Hallway li. L.. 2 Colorado and Hoi them I rst
nreferred, l!i dn. joennd preferred. II Jl W l)f
narlmcnt More rrrferred. 1 , i CliU'KBo. Hur
iliiRton and cjiilncy. 2: American AKrlcutture.
l'l do tirnfermd. I '4 1 .lullu." Kayeer & Co., 1", .
New iJrUni Ilalhvay and I.lsht Company pre
ferrod, !! Hnolh MaheHea Company llrat I re
ferred. )'4 : Wcalcrn Union, Pi i Continental
Can. 1'. . .1,1 wefrrred. 1 ; Mnmestane Mlnlmt
Company. .". tenlK. I'hliipa. IJodee 10.1 -w
nnd .'Hi extra. Ueeili Creek, 14 ! 1llla-0er
1 1 1 1 .referred. 1. Cluett-reaf.ody preferred,
li; ll.pulilli-nn lr..n and. Steel rrefcrrcd, 1"..
Total mte. 1,322,700 xliare, eompaml ltli
I.HiD.ftflfl ll.lre jrilerilnyi tlm far llil eeH,
2,03,2i.() liar,i'i kiiiic period l,it eek, 1..1011.
IMII) h;irc.
I Sales in Philadelphia
21V4 21V4 4-
1S7 120 4-2
.02 02 )6
107V4 107V4
63 64V4 1
115 117 4-tU.
,.llVi 118 HBVi 4-
.115 114 118 H4'
Utwi seo yorp .. si si 21 a. m
Va Car Chim .... 41 1H 41H ,'
ft
2
S3
130
00
mo
20
30
20
28.1.1
311
20
100
10
40
3
0.18
1
10(1
032
202.1
80.1
7.7
335
110
1211.1
llleh.
Alliance In 3 IVi
Am Gas . .120
Am Bys pf 0.114
Bald Loco. ft7',i
Cam Iron. 4.1
Klou Stor 01
Krlo 28
Ins CoNA 20
In Nlokolet lft',4
LkSupCrp 53
Loll Nov.. 82',
Lch Valley 70
Leh Val T.r 2.1
do pref. 4.1 Vi
Nov Cons. 2.1 li
North Pa.. 03
1'cnn.a It It ft 1 14
Pa Salt M. 0314
Pitts Coal. 1814
Phlla Klec 3.1
PUT tr ifs 31
Beading . . 00
Ton Bel... H4
I'nlon Tmc 4 1
I'u (! Imp. 90
C S Steel.. 110
Low.
2114
120
Oft
ft 7
1.1
01
28
20
1514
23
8114
70
25
4.114
2514
03
84 Vi
03V4
1 8 14
32
31
07 14
414
43
90
11514
CIoe.
21V
120
0.1 V4
5714
4ft
fll
28
20
4514
2.114
81 V4
70
25
1 8 Ms
2.1',
03
ft IVi
0314
4814
32
31
98
1
II
00 T4
110
Net
ehse.
Vi
'
4-2
i"
2
4- 14
Vi
'
'V4
i
1
A
4- Vi
4- 14
4-2
Total t.ile, 21.811 nlinre. compared ultli
27,077 fclrires etird.iyi Hun far this iieek.
48. KOI li.ire! .mini period last eek, 3l,ft07
.liaren.
IIOXDS Net
llliih. Low. Close. chBC
si ooo Am Gas &
Klec 8s.. OCt 90", 90 Vi
ftooo Bleu & Peo
Tr Is. .. 83 8.1 83 4
0000 Lehigh Val
gen Is.. n 9014 9014
1000 do Coal ns.105 105 10,1 14
r.00 Nat Prop
4-Gs .. . 05 05 05?4 4- 14
iooo Leh Vhl Tr
lstref r.s 03Ms 03Mi 0314 4- ti
3000 Phlla Co
cons as.. 9214 02',4 02 Vi Vi
5700 rilllu. Kleo
Temp 5s. 103 J4 101 103 4-14
13000 Beading gn
4h 01 91 91
lOfiO'Un Buy
lhv 6s.. 00 00 0914
Total -alqi, S3(l,2()ll, loiapared wllli SI5.500
,wterii.it in. is iar Inls uevi., SNInDUi N.une
Pirlod last Heel., SI7ll.;(").
Local Bid and Asked
1
llalduln Loco . .
Ilrllt .1 ii
Hulf ic Hus'i I c
ilu pfd
Illi'itnu KtoraKH
tleiiernl Asphalt
do Pfd
Kestc.li" 1'el ..
I.ak.. .Sup Corp .
I.hl,:h Nav ....
Lehifh Val ....
l.elilKh Val Tr .
da pfd
lVniia It It ....
Phlla lllic
l'hlla C
da .1 per cent p
do 11 tier cent p
P 11 T t c ...
Iti'iidlnic
Tiinoiiah Ilelmmu
'I'ahiip.ili .Mlnlnit
I'nlon Traction .
I' i 1
r W Sleel
York Kivy
1I0 pfd
H'm Cramp t 0 .
Today
Hid Asked
k Tir,
.1:1 .-.:.
11 1 ii.-.
L'l L'H
hi on
12'i 13
L'3'i 2.1,
, MlU Mi
0a 71)
L'DJn 2.11i
I.-.1 V III
ni'i ft ill
3L'? 32.
.'is :iii
3.1 37
40', 11
III, 311,
US' PS'.,
I1 4'a
n o'j
I3i. 11
DO'), in
lid" lli'.Ti
13 1 I
37 :i7'.a
Ml S
Yesterday
Hid Asked
ftl'a ftft
li.'l 0.1
.13 ftft
l'.3 II I
21 211
III Oil
12'a 13'a
23 L'.'t',,
si 'a 82'.
"11 "n'a
2.-. 2.1
I ft 'a HI
.11 ftl',
:i2 3.1
MS III
3ft 37
10 -HI'
al'4 31
117'k I7
I'.i 4
it1 li'a
43'a I3
OH' IMi'Sj
111 114H
13 14
37 as
hft hi
New York Bond Sales
HlKh.
llh
11000 Alas Clold cv 0s ner A
" no cv lid ser II 7.,
1111110 Anier Acr e fts 1113
390IK) do dou fts 1113
1.111110 Ana In-French fts 113I,
li.'Oil Am Foreign ,siec fts... int
03II0H Ainer Tel fts mpi
iooo ii rvt 4'3H xifti.
limiiil Amer Writ Pap fts... Ol'.a
Slum Armour Co 41a s 114
lllllllllAtelilsoll ceil Is !lt.
lliiiin dn ndj Is sftij
lniin do cv la lnoii.. lot
M.no Atlan Co Line 1st ts. U1T4
7I'0 Unit & Ohio 3Vas H3'-i
lonon du fts limit
loin) ilo 4s 112',,
10DUII do cv 4'aS !l4'a
31 Hush Term llldi; fts.. S7'
2('(1 Can flovt fts 1!I20.... 07'a
Billion do fts 1031 117
ftniMI Cal Clas & i:ioo fts. ...101)
IDUU Cent Oa cons Cis lot
211011 Ches K- Ohln ,v 4U x:t
111111111 dn 48h
111000 do ronv fts
1MJM) C It & Q Joint 4s...
40011 O II & St P 4s 102ft.
200H .In dlv 4s
iooo do rfd 4'js
101)011 ilo ennv f.s
.si Jin dn 4H
. M)'i
. 1)1
. !IH
. 114
. HI
. 9fti
.10111
. 02 '4
.lm4
. 73.
. 02
. NIU
. 04'-a
.1113'i
. 84',
. 02
. 81
. 11714
eoou r.rin ennv hs iser i. , ,n
0000 Indiana Steel fts 1n2
4000IH Central fti 1014
1000 III Central 4s 1052... ss
lftooii lnterl) It T ret fts,.
2S7O0O Inter Mer Mar (Is..
3000 lnternl Paper fts.,..
SOiliI do (Is
4000 Japanese 411s
211000 do new 4'js
2000 K V. Vt H & M 4s.. .
3000 Knn City Ter 1st 4s
Hiaiii nn cen Has
1100O (' It I & p rfd Is.,,
loon I'nl it South 1st 4s..
ImiOii do 4i? s ,,
L'ooon City of Paris lis
ftoili) JM fc Huii rnnv 5s.,
2000 Den t II (1 li
loon Detroit Tunnel 4.jh.
innii Detroit I'nlted 41is ,
.pii'i'i ins rec uorp (s
. l)7'i
. OftU
.100
.100?;
. 81
. RO
724
R7li
nooo Lncka Sleel fts 10.10.
11)00 ,k Sll del. 4a 1031..
50(10 1,1b & M T fts
30r.(i I,,irlllnrd rfs
ftnoo l.ouls & Xnsh 4s....
0000 Minn & St L 4s
21000 Mo Pao Is v I
moon Montana Power fts
r.9000 N V C it II lis. .'
,000 On is
1IHI0 do 4H
000 J Y Cltv 4s 1057.,
3000 do 4s 101S
1000 dn 4s HIT. '.I
.-.OHO N Y f II fc P 4s...
ROOII N' Y N It & 11 0s. ..
100(1 N Y Ilwy ret Is...
110(10 do mil fts .......
300(1 N V Tel Ken 44s...
linno Nor Pao prior 4s.,
I nno oro snort I, rer 4
R7'
PSi
!I4Si
127H
, . . Kill"
. . 04i
. . Ml
. . 0.114
... DOS
..100
, .. 01;
,..07
...IfltHl
..loni
,..lonu
. . Rft
..ini'4
., 07,
.. 3014
OR'i
0.1.
02
.10114
1ftK Hi
. ..Ml 7.
ftnoo I'enna Ben ct 414 s
r.oiMi no en 4-afl ....
11100 People's Das fts .,..inn'4
10(1(1 Pub Bvo N J-fti .... Olli
Mono Pere Marnuette 5... 03
17inn Heading een 4s ...,01'i
53000 Hep Ir fc 8 Bs tflflU
5(100 St I. I M ti So lien fts.iniJ
30000 St I. 8 V nit fts... 73
32000 do In fts r,4!4
12100(1 do 4s Ser A ...?.. 07',i
7000 do fts Ser H ...... Rft
7000 St l.nul8 Hwn ft 07
2000 8 A & Aran P 1st 4s 03i
11000 Seaboard A' L ndj 5s. 02
1200O south Pao cv 4s .... ssi
.1000 dn rfd 4 02
03000 do cv ft 1111U
3400(1 South Ilwy Ben 4s...l 711J
ftOOO do con fts lOOVi
ftnoo Term Asso Rt u ref 4s R0
14000 Texas Co cv 0s,,... .10.114
17000 u h steel f ns,..;;;ioo
ftO.'l do s f re 5s..,,,.lflft',l
1000 Union Pao 1st ...,. cl'l
IOOO do, cv 4s J! oAtI
20000 UKlnlQIUI fts ! 074
144000 do M4b 1018 ..'I; mi
7ioo(i no r.ftg 11110 new... 6HV,
iwoon do r.8 1010 ....,; onS
minr uu H7 n iVml
moo
17000 Va IIwvb ft ..,,.. fikK
""' " It " pw Hi.,,-, 11
Low
us
10
102i
llll
l)25a
liftla
lOOTs
111.11
01'.
U3S
til's
SH,
101
Ol'a
'...IV4.
lun
1.2 U
Hll
o.w
117
100
101
.S3
Mil
Ill's
07
ill
OIlTs
05.
101'i
02j
1111
73.
02
R3i
03',
103'i
II
mil,
102i
101
RR
071
044
100
100 li
hi
RO
721,
R7 .
OR'i
04 S
127 '4
101)1
nii
ftft',
oo;
IDS'.
nil,
07
ionn
10014
100U
Rft
101 w
117!
3fl'-i
IIR'4
0.1.
02
10114
10ft4
10014
111"
03
04
loon
1014
73'4
ftau
7
RITi
07
034
02
R.114
01i
101
71
JE!11'4
Rfl
lo-IH
1034
H"J"S
lOftC
07U
02
SI"
OR
IIR
nn
vMcW.a.::: m gBs g$
vw"v.'ft.--;:::::;:'8sg
wi' im i. 'i.""' U?7 S? S?H
;
,0.1
Close.
IIS
102'
J03
02'
no
101
ion1,
in 'a
04
04'i
hi',
lot
oiTx
P3a
11U
02',
Ill's
hj
H7'a
!7'i
loo
l()l
h.t
hll'i
01,
071.
Ill
111
05,
in in
02!s
10li
734
02
Rl'i
II I li
103'i
hlU
02
81
07 '4
7ft
i()2;
101
RR
l)7,
0114
100
1110
Rl
RO
7214
h7'I
IIS'I
014
127'4
IO1114
l'4K
ftll
n.1'4
00
10S'4
III,
07
IIHIH
too'i
100'i
Rft
10m
074
Hn'4
IIR'4
03'i
02
10114
10.T5I
10014
01'J
03
01V,
10IIU
loiJ
7.V4
544
IITU
Rft'
117 '
031
02
&
02
101
7111
10014
RII
10.114
ion
lOftli
07
02
S7S
DRT4
DSTt
0014
OS .
. . ---v-i rfl XII TT1T1 AT TTi
TPADTNa mNT NUJiS 1U IlViritUVJJ T
ON PHILADELPHIA STOCK EXCHANl
Wliile Most of Gains Are Fractional, Some Substantial
Arltraimoc Tnfcp PlflPG LOUtT Island TaSllPa "J
Good Annual Report
clBht-hour clay on tlic tallronds nn nnW 4
In freight rntes would follow. n(,vancl
It was In linked States steel rnn, :'l
lli.it tho crentPRl nmnim, ",..con"lieni
place, nearly 10,000 slinres clianc nv, to"k
in tho first two hours, wliHo uf, if11;il1,J
Corporation licld tho majority of Interest'0
far nn homo Ifbucb wero concerned i-iV
a half point. The market closed stron! n
iuu Hiiiiuui rcpoil or tin l.onir 1.1
Railroad Company for the year c ,d'lnl rnd
cember 31. 1010. 'wh Ihi! & ;,'
With the opcnliiB of the Philadelphia
Stock- Kxchnnce thin inortlnif thero was a
continuation of tho Improvement registered
In tho trading yesterday and prices all
through the list showed gains. While most
of the changes upward were fractional,
thero were some advances which were qulto
substantial. This was especially true In
Baldwin Locomotive, which gained 2 points;
ICIectrlc Storage Battery up l?i nnd United
States Steel common the same nmount.
Tho general belief In the financial dis
trict was that tho uncertainties of the In
ternational situation would soon be cleared
up, and the opinion was held In somo quar
ter!" that with tho establishment of tho
compared with $13,553,780, .Vet wn,'tt'
044.631. nirnliiRt SI Jin .o ..." was HA
thero was a surplus of tLM1.73i 5I':r;
2 per cent on tho $l2.000.oon stock T to
a deficit of noi.lfiO In the previous yn"?
WHEAT PRICES DROP
ON WEATHER REPORT
Belief That Yesterday's Bulge
' Had Eliminated Shorts Also
Helps Bears
(1KAIN IIKI.T WKATHKK I'OKI'.CAST
1 fill. 1111. ..1 11 rill ll,ll.ia M-.lll.ri ,i..r-
111st for (hlrt.i-slv hotirn fnllon.:
liiinsns I'remiinahl.v nlioviers eit to-
nlclit or Wednesdny, not nunli eliiinise In
trinperiilnre.
Nrhr.islui nnd Iomii 1'rnlmld.v sliowers
Innlclit or Vt'ednesilny, not ninrh clmnce in
teini.enitiire. ... ...
IlllnnU nnd Mlmirl I'n.rltled lonUlit
nnd IVeilnesdiiT, 11rol.nl. I.r hhoiierH.
' North nnd Sooth Dakota. Mlnncvnla nnd
Wlsinnsln (ienernll.r fair lonlElit nnd
IVrilnesday, not much rlinnce In leinncra-
Inre,
CIIICAOO, .March 20. Fine weather In
tho winter crop belt, Improved advices as lo
the progress of the plant and a be.llef that
yesterday's bulge had eliminated the weak
e,st shorts were the lnflunces that brought
about a, heavy tone In the wheat market
today, although at one time prices sold
above yestei day's close.
There was general short selling early, and
also covering at higher prices later. Thero
was a great deal of selling by longs in the
forenoon In tho nature of profit taking, but
somo of them relnstMcd their linen.
Commission houses paid more attention to
distant deliveries. Clearances from tho sea
board wero larger than for somo days.
Tho labor situation Is gradually attracting
more notice, as a proposed big acreage In
the American Northwest nnd In western
Canada will hinge to a large extent on the
ability to get help.
Private advices from Winnipeg said that
the weather In the last few weeks hud been
good over the prairie provinces, but that
thee had been virtually no thawing of
snow In the open, and that it does not now
look ns if seeding could be earlier than 11
fair average.
Tho high on May was $1.88, the low
$t.SS and tho close $1.8fii 'irLSfifj,
against $1.88" at the end yesterday. Tho
top on July was $1.50, tho bottom Sl.uGft
and the close $1.5"f'i S 1.57 U . compared
with $1.58 .. yesterday's last price. The
best on September was $1.40 and the
lowest $1.4414, finishing at $1.14 'b fr.l.41',i,
against $1.4014, at the end yesterday.
Uradstreet's estimates the visible) supply
in tho United States at 50,413,000 bushels,
a docreaso of '1,891,000 bushels for the
week and compares with 70,359,000 bushels
last year.
Leading futures ranged ns follows:
wneai
Open
Mnv. .. I.ks
Y, Blerdav'fl
I lone, elnii
lllnh. l.mv
1 KO. I.Rfll. 1.S.I'.'
.ii.iv.. 1..V.14 1 ..-.! t.r.c.'i i.n-"i
Sept... 1.4(1 1.4IIS 1.4 I'.i 1.441i
Corn (new delivery)
Mnv... t.tll'ii 1.12W 1.1H4 1.1'J'i.
.lulv... I.IOS l.ll'li 1.0!i, l.lnS
Sept... LOSS l.0!)"i l.OTtt l.OSTi
May!.T" r.n'i r.mi w r.s.'i
July... f.7!i :l'i 50. MU
l.nrd
Mnv... M.WS 19.SS lit.rtr. III. 70
Jul'v. .. 10.SL' 19.RJ 10.0 ltl.fi7
Ribs
May... 1R.20 18.2" 17.02 718.0'J
July... 1S.5 IS.5 1S.07 tls.l'.'
Hay. .. 31. 0.-, 34.0.- 34.00 31.27
Jul... 33.40 33.00 33.3.1 33.40
Hiil. t Asked.
1S1
l.r.s'i
1.4H'
1.12
l.Hi'i
l.oSli
r.ss
in.:,.-.
ia.r.5
17.07
1R.02
31.41)
t33..'.o
MONEY-LENDING RATES
nV YQUK Trlmo bank acceptances
wero unchanged at 3HiT2 per cent for
cllglble3 and S'JsiQ'S per cent for Irfell
glbles. The time money market was- easy today,
but not quotably changed. Rates on good
mixed Stock Kxchango collateral were
S'i 334 per cent for sixty and ninety days
and for four, five and six months 3? 5y 4
per cent, industrial loans iQAK per cent
for three to six months.
Prime mercantile paper was easy In tone
on light offerings. Hates In New York and
other eastern cities wero 41? 41 per cent
and for less strictly gilt-edged up to 414
per cent. In the Interior sections thero Is
a disposition to endeavor to secure 4 4 per
cent, but some business is being transacted
under that level.
Call money opened at 2Vi per cent, tho
high ami ruling rates; low and last, 24 ;
closed at 2,,42H per cent.
LONDON Money 3VJ per cent, un
changed, discount rato for short and three
months bills 4 per cent.
nilLAnRLFHIA Call, 3i per cent.
Time, 414??5 per cent. Commercial, three
to six months, 4,,24!4 per cent.
FOREIGN EXCHANGE
NKW YORK, March 20. The foreign ex
change market In the early dealings today
showed about the same Inactivity ns of late.
With tho exception of rubles, which were a
shade easier, steadiness was the main char
acteristic. Rubles receded to 28,40 for
cables and 28,30 for checks: lire cables rose
to 7.83 and checks to 7.834.
Other quotations were:
Demand sterling 4.75 J, cables 4,75 7-16
CO-day bills nominally 4.72, 90-day bills'
4.70.
Franc cables 5,83?, checks 6.84,
Relchsmarks cables 69 1-10, checks 09.
Vienna cables 11.27, checks 11.25.
Swiss cables 5,029. checks 5.03-1.
Guilder cables 40J less 1-lG,' cheek
40 5-1G less 1-lC. ' UIlecKS
Pesetas cables 21.30, check? 21.20
Stockholm cables 29.70, checks 29,00
Chrlstlanla cables 29,10, checks 29 '
Copenhagen cables 29.05, checks "28,95,
BANK CLEARINGS
Ilank clearlncs today compared with reir.
apondlnit day last two eara: corre-
'"7 1 tt 11 mir
riilladelrhla 48,Hlt.(l70 $37,143 a.)n fi i?-1.0,,.,
llnnlnn 31l.8.Ml.nr.R Jl! i in. ... ri'l,;.4.473
New York...R37,332.U.1(l imj:'73t -tn'-V 'J V ',',
Chleago .... 7.'..0R4,02H Gil 484 n"' ".Vi VUl
Baltimore) .. 7.148.093 O.Toi.'mo "tW'Tgi'
NEfT YORK COFFEE MARKET
NKW YORK, March 20. Right after the
call trading in coffee futures becamo lime,
tlve and lacked aggressiveness. ' Offering
were very ;imlted and the demand, altliouiVii
light, was sufflcltnt to hold prices stead v
Tho cost and freight market was without
change early today and tho local snot me
kct. although In poor demand, was I ela nrn
with prices irregular. u ,lr"''
TnH.v). 1
opentmr.-'-eln.k "'".riy'8
Mareh . .
April ...
May ....
Juno ...
July ....
August t
September
October
November
December
January ,
February
.. 7.8307.88 7.'727,73
'.'. rIoOOS.OS 7;837.80
V. !l38.15 g!668.0l
I'. 873088,33 R,'l58.17
7.74 W 7.78
7.ROW7.83
T.KOM7.8H
7.04M7.0,-.
8.O7M8.08
8.13M8.14
8.18.2S
8.2Se8.27
A.HIOS.S2
R.8.4I
Much Cotton Ginned in 1916
WASHINGTON, March 20,-A renort I.
sued by tha .Census Bureau today'.how. M
quantity of cotton ginned, exclusive of lint
COTTON SOARS HIOW '
WTTH PAr?TT7ici T,A- ?
..J.J.J.J. .ajjo .ju (
- .
(
Speculative Demand Helped by '
Ginning Figures Spot Houses i
ieaa .Buying
COTTON IIKI.T H'KATIIKK COMilTlnv
, -NKW YORK. Jreh 80 Jti. t Ji .S
1 ! o!!';VaV!"S,:H 3 :
niiiElnn, Nnsliillln mid riiiii ii ' ""
(mi and Miunnnnh. r.fli .liu'kn iiiii. ."'"'
hi nnd .( olille. 0m Del liln n iT' J ""a
fiOi New Orleuns fi. i!,.i.. .nni1 Tl"npn.
Anjolilo' OB, cSr.H.ii'.rlVl" '.'SS' n" """
aionlnoniHi-. nnd.lS hlVl."' Vler i'l'inf aB
SEW YORK, March 20. m.... . ti
cables failed to check tho upward trend ot
the cotton market early today nnd soon 1
after Mm at .... i.i.. . . rf.
.-..,.,. vn ingii icvcis for th fe
present movement wm. .,i t... .
led the buying ,., ta new cro? 'po K' "
Speclll.'lt VO di-r.lnn.l t. ..I.. i ' . . 0.' -1
wns Kilmi,i ...... '.."' y' montnsy
werV -. , . V ",mnP "gures which'?,
ZntA, of hun("l thousand bale V
"- vniuiiiiiium cKiimaic. 4
An early reaction followed tho advancs.,4
)Xu iC V;nS reneV'pl nnnnciw toward tLo r
- "l '" morning, scattered leallzlm '
was verv we iniu i. ...,..- . . ' . '" i.
e . , . .....v,,. wi, ,i ui'i-ium oi anout
.. ..uim'i iiukio new u gh ground f
ne.,,C. m?w'ne"t "'cforo n.l.lday 0R, re. I
' mm ,ui nireet.snu ecs
lolloping a reaction of VI to l.-, pont, i
In the early afternoon, nrlrea i,,f, '...'.! i
Baln on renewed domand from tradi '1
sources nnd AVnii f. ...,.". lraa' J
. ----- ...... .-....,.,. miihi n nouei i
n ,r ;. .;,,., ..,''.:. ' "",,,R to '"r11 pHceit:
recovery. ln""'- w'-p fetors on thei?
4c7h1Ji,0,;tS,fO,'; ,h-0 "ny "rarcBatcrt h,.i
IlHtaln l'l 'n.cJuJ,ln "3II 'les to Great ',
uritain, ll.Mo. bales tr) Franco nnd ll7i S
bales to Japan ,, chlnn nna "
Juis- ...... ..'in Vi il ;!; ,x X i8.83-f
cvtouer 17 ii-, 17 ,,7. J,: 2 -. 1N.4S j
Lumber .V.ti!& f, US US
1K ISilJ ;'
Liverpool Cotton
LIVERPOOL. March i0.-,.Siiot ontlnn tn
day was quiet and L'2 points higher, on t ,
.-......-, u, ,...ra mr iniu-uptana. The sales
..f,e,.i-h.nru iniuii imics. inciufllng r,G00 bales
American. Tho Imports were 5000 bales. In
cluding 1S00 bales American. The market
of lliffU points.
Cotton Buyers and Sellers
NHW YORK, March 20, May Hcnti.
Mchnany. Mitchell, llaneinann, Watkins
2ml.S,"r11" Idd: Hopkins, O. Gumoens,
bclilll, (.ardoza and Newman offered,
July Munds, Hartcorn, Hanemann,
Martin, Mitchell, -vVntkiiis, Rartlett anl
Brooks bid; Clearmnn, Wilson, Hopkins.
Kelffer, Rrooks, Munds offered.
October Wilson, Hicks! Olover Orvlt
Mitchell, Montgomery, 1 Jav and 1
Oumoens bid: Schill. Hentz, Bartlett and
Brooks offered.
December Ilagcdorn bid, Schill, Mohr,
Roienberg, Fatman, Lowonstein and Ray
offered.
January Hicks offered.
Spain's Revenue Exceeds Expenses
MADRID, March 20. Tho revenue of tilt I
Spanish Treasury In 1910 amounted to"
$318,118,170 and disbursements to J30.-1
20C.CG6, resulting in a balance In favor of1
the Government. The revenue for 1913 w i'
$272,229,033: 1914, $213,099,213. and 1915.A
$346,871, 111. ' .
. i
Increased
EiAitmiXbo
Increased
ORE RESERVES
Increased
MILLING FACILITIES
Consolidated
Arizona
has made strides In every direction,
which Indicates that It muy this year
enter the ranks of the dividend payers.
What this copper company has accom
plished during tho past year, and an
outline of Its future possibilities are
elven In a detailed report we have Just
Issued. Send for It.
Ask for 130-T.U.
JONES & BAKER
STOCK BKOKISKS
Widener Bldg.. Philadelphia
New York
Ihlrnco
rtell. Walnut- 1R0O.1.
Keystone, Hace 290.
Direct rrlvale 'll'lrcs
llohtnn
I'ltUuiirsn
JOS E8 d BAKBlt.
lridener mdo riiUadelpMa. Pa.
You may send me, your report on Con;
solldated Arizona 139-T.U.
Name
Addrth , , ,,
Cltu filato ,
milKCTOUVpi? ACCOUNTANTS J 1
mmmmr -. ..ra uuiip nffuuiniinc
IVVKSTIOATi; AND ADJUST ItAHTMB
BHII' JOINT AND DISPUTED ACCOUNT
UUUNS & SI'KAKMAN
NIC, IlUUilPU
WILItAH R. MONTKI.IUS
V.l -iii;si.nui ST.
ANNUAL MEETlNOa '-
11- VKSTMOKJiLAND COAL COllM?
OUIr.i South Third 8lH..,i
.lT,.,VA..V'!6l- fJ.
i"
v4SrukSi.LS,;