. .- WXL i
Xi'.,' j$y
""!,
t.i"j
ls
U.
X
u-j-it ' j
C."
rr'
4
tfAL Mnks of philadelbhta
gjg HOLD .RECORD AMOUNT OP DEPOSITS
E'itidn of Local Institutions Is Strong-Trading Slows
$fv ' Down in Market Here, With Prices
mosuiy ijower
s
jr
l ,icularly intciestliiB nt this time, In
'?'"' of the International conditions and tlio
iffir..-iar preparations which nre being
''53 f tn statement oI cntition c th
W.-lohla national banks as of tho Inst
jT7f the Comptroller of the Currency on
...h s.
I Lroooslts at that time stood at $441,464,.
Mifhs highest In tho history of the city
,?';, and nn Increase of $41,799,028 bh
r, .i.t, Mnrch 7 '191G. Surplus and
LKcd profits showed a gain of $1,825,
I S?m the period, reaching a total of $47,-
r:.i Loans and discounts amounted to
ii i ill 45. a Baln of $37,001,747. A gain
r. It! (ttl 425 waB made In Individual do.
Lm the total being $1199.621,261. These
K,rei aro filvcn by the Commercial List
, R price Current.
irhsre was a slowing down In the trading
V1" Philadelphia Stock Exchange today,
W with the smaller amount of business
!Errow price movements were tho rule.
.RTchanges, too, were for the most part
f lower range. This was In keeping
"nh the situation In "Wall Rtrcet. Many of
' ,, w(,o had gotten Into the market here
h.n prices wero lower soiu meir noiuings.
' IT the opinion In many quarters, judging
fls 4 4 it... Mt'1At' tn r, ii 4k
jrem the action
ill
of the market, was to
Ken olvMn,0'i"uc-0,T "ollcy whlc lins
On J .nco for so,ne time,
movement 'te "MPtlonH to the narrow
Steel vvl lch ,rIcCS,wna fouml '" Cambria
brought Lhn. PPCd-. "olnfR- Thl" wa
Tru CoinnSnJ " 'Eht lrudlt"f- "Irani
the ,S "J receipts for the deposit of
TrnnsH r Rt0ek of Ul8 I-ehlgh Valley
A,r"nSJlk.m."y under tho ng.eement for
of the Lehigh Vntlov
TranS.."?"0.'? -. . ".?
m. - ':""' Wlln otne
1 Sales in Philadelphia
ltles ram.i, ' .2'"' mnfT uP-Ktato Ut -
n the mnrnC" l?,a ,np0 for ,no ,1rst "me
in me morning, three rccc-lnt r.hnn.,1.,..
1 Bolnt n, T,",a """tl u o.s of
sale of , ?.?nrW,.wlth U, ln8t 1'revlous
it!, .f rrcfcrr,d o'ock, At the same
a gain of "T,T8l,,ed "refcrred wld a
mon stncl, iialf POlnt The company's com
mon stock also moved up u fraction The
mon stock 70 o "SI ccnt' nn.'1 of tlle cn'"
posited. Per CCMt lms bec a-
wlUcr'usualW11 S'a,es Steel "'
Swn!.? imaS UP tho bu "f the
trading on tho local exchange, the turnover
,Tnn, m"1111, ,and ut ono t'men tho after"
noon the price was off n full point. W lillo
,r SV,perl0.r ,rrt,orntln stock wa,, e
n It dMn0fi,lf 1,Cal 8l,nrci'- tetrad ng
Hatterv wh,.'Ulk lafBC Klcctr, Storage
aafn"tVonTheWgaaRnSlrnB yMtord Iost
Cotton declines
.AS PRESSURE GROWS
' improvement at Start Due to
Weather and, Delay ot riant
- ing Soon Disappears
NEW VOUIC, March 22,1'reclpltatlon
1. fc.ihV eastern belt, further delaying plant-
I5J-; jreparatlons, ortsei uisappoinung j.iver.
oil 'cables again, and at tho opening tho
toSwis steady, March declining IB points,
bti&Jther mbnths advanced ' to 6 points.
Hir started on tho. call at 18.7Bc, a decline
f 11 points, but Immediately rose to 18 02c.
pjhouses wero buyers of the old crops,
wKlle the new positions wers purchased
j-lverpool
Thtre was some demand fioin Wall
Itfeit,- southern Interests New Orleans.
Wi.'some commlsslo.n houses sold. After
thecall pressure developed and by the
tti'ot the first ten minutes declines of G to 9
pojjts wero recorded In the active months
frfia the initial levels
fj0 market turned weak In mldafter
ton under heavy general selling on un
uUlipk rumors regarding tho International
litojtldn and on teports ot rains In Texas.
Etop-loss orders wero uncovered and prices
looped 20 to 25 points before tho decline
HlJttt-
PJmand fro.m the shorts caused a slight
rtWery, but the market was very unset
tlfjy)d Irregular.
Exports for the day were 8854 bales, In
cluding C7S4 bales to France and 2100 bales
fcfthfContlnent.
Nt
o Am an,..nu(,
22 Am Milling n
8 Am Itys pf 0BV4
10 Maid Lo pf.102
2 Urlll J o. 2l
3B Cnm .Stccl.115
00 Cruo Ktl... 70
20 Kleo stor. OS
2 Oen Asp., 07
J0O Ins Co .V A 20V4
100 Kcnno Cop 47 V,
2405 Lk Sup C. 23M,
so Lch Nav., 0
30 Lch Valley 70
300 Lch Vnl Tr 20
84 do prcf. 40
3 air Tr rets
L Val
Trans pf 4414
28 Mlnohlll .. 87
20 Nov Cons. 24V4
sas Pcnna U K 84 V4
1 I'hlla Co.. 3H
3 do prof., an
72 Phlla i:iec 32T4
1000 1'ltT tr qfs 81
228 Hay Cons. 20Vfc
10 Ton Ucl.. 4
320 Vn O lrm. oot.
1 'Ut:osNJ.223V4 22314 228 ..
8200 U a Steel. 110 115 118
100 West Klca. 82 82 82 4
U West Md.. 22U 22U 22V1 lVfc
170 Wm Tramp 80V4 0 V
Kx dividend.
Low, Clone, chge.
Ill) 110
8 8 V4
05Vi 05
102 102 1
29 20 Vi
115 118 15
30 70
(13 03 1
07 07 2
20 20
47 47 '1
22 22
80 80
00 00
20 20
45 40
44 44
57 57
24 24
84 54
38 38
35 .IS
82 32
30 30
28 28
4 4 ,',
00 00
iyrV. .if,
PHILADELPHIA MARKETS
Yen. cloie Open Hlsh Low Cloe
Mir 18.R7 is.;:. 18.ii:: ls.on lH.tw
Julr 18.7(1 18.80 18.84 18.44 18.5(1
October 18. 31' 1H.35 18.35 18.02 18.0r,
(Member ... 18.87 18.40 18.411 18.15 18.15
ipot 18.30 It'. 05
Liverpool Cotton
LIVERPOOL, March 22. Spot cotton to
dy WOT quiet at 3 points decline on the
hill of 12.4Gd for American middling. Tho
Mies aggregated 6000 bales, Including G000
American. There were no Imports. Tho
Birket for futures closed steady at a net
idvance of 13 points.
Local Bid and Asked
Today Yesterday
Hid Asked Illd Aakt-d
Mdwln LOin TillW 57 MK 58U
Brill JO L'7 30 -J7 31
Bui A Susci t o 113 115 (l.'l t."
do pfd t c 511 55 53 55
XlKtrlo Stornge 113 til tl4't !"
Otnertl Asphalt 4 I'll L'4 'Jll
do pfd 14 HI 114 ml
Koitone Tfl l'a 13Vn lH 13'4
Uk Sup Corp W'i Sii S.I l'3'I
Lehlsh Nav 804 80 8014 hOVi
Lehlali Vnl IHU ; IIBJ4 711
Ublib Val Tr M SB S5t SH
t Jo pfd 411 4tlty 45',i 41
Hin R It 54'i r.li 54' 54'4
Ula Klec 34 3S1! 32V4 3SJ
Ml Co 37 3HH 38 3S',i
Oo 6 per cent pfdt . . . 35, 37 35 37
Jo 0 per cent pfd.... 404 41 40 41,
RTtc 30'A M 31 31'i
ullwt...., Utlji Ulla Utl IMI'i
Tonopah llelmont 4ti 4'4 4' 4A
Tonopah Mlnlne 'IS l ,lCn
r Vtloa Traction 434 44 43'4 44
; Q I '. HOji W) OOt 111
i UB Steel 115 115 llil" lltlH
: tork Rwy 13 14 13 11
: .do pfd 37 38 37 38
' fn Cramp t c 8554 8Vi 80 87
COVERING BY SHORTS
SENDS WHEAT UPWARD
Talk of Foreign Buying and
Good Cash Inquiry Causes
Advance After Decline
CHICAGO, March 22.-Talk ot purchas
IfiK by forelBners and a Booil Inquiry for
tho cash article. Including millers, not only
compelled shorts to cover but stimulated
Rome fresh outHlde demand for wheat to
day and strengthened tho market after It
had been erratic.
Kxtreme nenousness, which character
ized operations early, due to the Imminence
of war with Germany, rumors of food riots
In that country and talk about n Kcdcrnl
investigation of the high cost of foodstuffs,
which left tho maiket without any settled
direction nnd restricted trading, npenred to
bo on tho wane as the end of the session approached
Although tho seaboard sent bearish re
ports about business here. It was observed
that It was taking cash wheat for Bhlpment
abroad and paying stiff prices. Kansas City
sold some cash wheat at 17c over May here.
Receipts at Interior points wero light nnd
clearances were modernte.
Word was received from Ottawa that In
all probability tho lirltlsh Gon eminent,
would not take the surplus supply of the
Dominion's 1917 crop because of the high
prices demanded by the farmers of Western
Canada.
The low on May was $1.83i, the high
?1.8G'4, nnd the closo J1.86V4 to $1.8CU,
against $1.84 ' nt tho end yesterday. The
bottom on July was $1.55, the top $1.57m
and the close $1,C7M to jl.57a8, compared
with $l.D5i, yesterday's last price. After
having declined to $1.4234, September
touched $1.44U. where it finished, or lc
abovo yesterday's final quotation.
l.eadlnp futures ranged as follows:
Yettterdav's
Wheat Open. llUh. Low. Clone, closo.
May 1.84'4 1.8W 1.88i l.MI's 1.84'.
July 1.5(1 1.5754 1.55 1.57ii 1.55'i
September .. 1.43H 1.44l 1.4S? 1.14'i l.43'I
Corn (new dellery
May l.lOJd 1.1S Lin?, 1 1S 1.10'i
July 1.UUS 1.1114 1 011S 1 I. ti
Hovtember .. 1.07 1.0S l.lHH 1.03, 1.07
Total aalr, 11,000 kliurm, rmnpareil ltli
U5.1I8 ftlmrei jcntrnlay) thun far thl eek,
85,000 fclmrr mime period last week. 50,371
shares,
KINDS N'et
lllsh. Low, Close, (.hue.
SIOOO Am Gas &
i:ieo fi. noi on1) oo4
3000 City 4s 1930
reg .... 1014 101 101&J,
1000 Key Tel
lstoH... !)iti ooai 1171
loot) I.eh .Nav
ons 4 'it h 101 10? 101 '4
4000" Lehigh Val
Ooal Gs.l05i)i 105--, 105i
4000 I'ennn cons
4s 1918 . 00 Ul) !!
U500 I'ennn Co
gen 4'i.s.loj'f, inl'i 10314 - ',4
3000 People's
Pass t 0 4s 87 87 87 3
2000 Heading gn
4s 0P,i 01 0114
1 0110 Vn Hys t
c 4s.... m.1'Ai 72',4 7'i!4 14
GRAIN AND FLOUR
WIICAT llecelpla. 117.401 Imsli. Drmamt was
fairly actlvo and, with bullish speculation in tlio
1 V"1'. Prices advanced In. Duotatlonal Car
ll'.f". .!n.!,,1",rt elevator No. 2 reil, spot, $1,118
"f.'.O.ti No. Ii southern red, fl.lHlWS.Kli steamer
No. s red, M.ihw i.iii); n0. n red, l.iilfH.ms
rejeeted A, tl.0OWl.U5i rejected II, SLbOVl.tll.
COUN Itcrelpts, 48S9 bushels. Demand wns
fnlr and prices wero ic liluher under llKht
orfcrlngs, Ouotntlonsl Car lots for local trn.de,
?"..!?, loentlon Western No. 8 ellov. II,'J3H
l.'.MHi western No. 4 yellow. Sl.litH W 1 aat4 t
western No. 5 jellow, tLlliift Ol.'ju't t soutbern
No. 8 jellow 11 il'i U f.'.M,
OATH Hecelpts. 7UD7, bushels, Demand was
iuir ui iiuoien raies, ir., .no, b wmio, iriw
Z5? j: standard white, 74iP74Ucs No 3 white,
77.1'iOi No. 4 white. 7J71!ftc. sample oats.
(, 4070c,
M.OUII Itcrelpts, 587 bbls. and 1.033,013
lbs. In sacks. Mill limits were well maintained,
but business was rhli'tly In second-brand stocks,
which were, available ut concessions, Juotu.
tlnns, per lDtl lbs. In wood, nro as follows
Unter. straight. J8 5(lWl. Kansas, clear, rot
ton sacks. l8.UAOM.uU, Kansas, straight, cotton
vv.?. ;.- ' wu "o. paieni, roiion sacas. vj
tW.VSi'k !FtiTi l1,,,r' H-7ni8S.UU, do, patent.
.".-40ii.7fij .10. favorite brands, J10.a3in 75,
lU'i-1"11'"' eholcu and fancy patmt, Jlu.'.'SW
1U 5.
1 ltY':, 1'''.0''1t vvas In small supply and firm,
,,u' ,'iuict. We quote 7 7.1W3.25 per libl as to
HUll 111) ,
PROVISIONS
ins marliet ruled Orm, with a fair lobbing
demand. lollowlnir are tho quotations fit
beef. In sets, smoked nnd air dried, 34c: west
ern beef. In sets, smoked. 84c. city beef,
knuckles and tenders, smoked and air dried. 35ci
western beef, knuckles and tenders, smoked, 3.V:
beef hsms. Jjswsoi pork, family. tu5u41,
..SiV'nii l cured, loosa. ii.'M, Wa3c: do. sklnne.l,
-Sif-SHci do do, smoked. L'lWL'Pir. ether
naniS. smoked. CltV curt'd. ns In l.rnn.l A,.,l
aveniKi-. a.H, 240, hams, amoked. westorn
old. per ratr, liSWaooi do, young-, per pair. 20
U23s.
DltnsSKD Supplies wero well cleaned un
nml tho market ruled firm. l'ollowlnr arn
tho quotations! I rcsh-klllea. dry-paeKed
fowls, 12 tn box, dry-picked, fancy selected,
'.'."He; do, welglilnK 4'4 lbs, and over apiece. S5ei
do, weighing 8'4 lbs. apiece 24c: do. weigh
ing 5 lbs. apiece, 21u23c; fowls, In bbls., fancy,
lry-plckrd, weighing 4V4 Its. and aver apiece,
2MiO smaller sires, 20O2.1c old roosters, dry
pkked, -Uoi roasting chickens, western, dry.
picked. In boxes, weighing 8SP10 lbs. pee pair,
252(lct roasting Lhlckotis. vvostern, In boxes,
weighing 7 lbs. per pair. 'J324c: roasting
chickens, western. ory-plrKed. tn bbls., weigh
in nfffcln. lbs uer Pair. Act masting rhlrkcns.
western. In bbls., weighing 7 lbs. pr pair, 2L
vuivHtni, wrmern, in UQiei,
per pair, -'jinuc! cnicxons
per pair. 210240 do, inlioi
eroyt broiling chick
welghlnir 3W4 lbs. per pair,
weighing nun '"lyJ
J ; - 3
mua. L.UJJA (lUFURiH sinw;
IN C?ANTAVES"r CONCERTS
Soprano, Assisted by, George Koch,
Baritone, nnd William Sylvano
Thunder, Pianist
soloist.
(t
fancy, a24t3.'.c:
? l'tw: ins.
Fancy nearbv,
! iHfiT2tn! broilers. Jersey
broilers, nthor nearby, weighing
..:.Y"J nnin''ri Inrkevs. nrrlh (
..?. .-" ..bn.. ...a,MH 4X10. t. tr. artA
,I-1..IC, IHI1V-J ...rii in, ..AlU'OOi:, mil ," BU-.U,
aoMfllci old toms, suvioci common. 24&27cl
ducks, nearby, aflQiMct do, western. 22&24CI
ceese. nearby. lOVSlei do. western. UWliOci
sciuabs. per dnren White, weighing 11012 lbs
per do-ten. J4.508J4.7rn white, weighing 10
lbs. per doreii, tU 7504.25. white, wrlghlng 8
lbs per dozen. ISfCI 23: white, weighing 7 lbs.
liSr OOZSn, 9.1IU1-, t. iviuii., nciiinu, 1. w i.ti
Sl.73Q-2.25i
htj n-r ilozell. iinr'2'i,n aarK
small and No 2 GOctftl.
FRESH FRUITS
Choice stork sold fairly and values generally
wcln well Huswuneu as imiowH jvy.Nrri, ii-jr
1 w
Mrs. Loda Ooforlli, soprano, was the
prlnclpa'l soloist, and George Koch, bari
tone, nnd William Sylvano Thunder, pianist,
wero tho nssoclato artists In the fifth of tho
series; of concerts by members of the Can
tnves' Chorus last evening- In the rooms
nf thn f IrrtViAtt- rl.il. IRon r-l,ualniil airl
The Cantaves Chorus, tho odd-looklns Not Only Refused Limited Ijjurfl
The next'rcrt.tprawiM (I
vldual incmberi!ofUrr-CsSi
given Wednesday, Maroh 21 by Viol j
ton Bldlack, soprano! Horac !HM I
tone!Tlorenc Hatnlel vtotlnlM r.MM. 1
and Miss Weasels. accofntMililati. , 1ts
nual spring concert will ba klvan 'ApHlJ
in tne Rosa Garden. Beiiavua-strMf
Saicha Jacoblnoff, violinist, wlUvba
kaIhUs '
li-l
JERSEY WOMEN ASSAIL iriM
' LEGISLATORS AS RI
rt'&
i.t.i Vi.t-u liiuiormi. S4Ciin.r.(): lirn Uavlfl
iiauiwin. " i. t.innM ii.. w.
ji
1,
1 tin, nn"
tt.r.o5 73,
Total sales, $33,300, compared with SI8.400
j rtril.i : thus far this week, K103.COBI same
period lust week, $.170,21)0.
New York Bond Sales
IHkIi. Low- fioin
Ilium Aiiiit Agr tv 3s.. . .UU's lill'ii lm'a
4IHHI do deb 5i UlJls IIU'-j IHJ'i
17IIIMIO Anglo-Krinch 5s n.l UJ-s b'-"ti
185HI) Am Torilgii Sec 5s . WW l.Vs H3'
11000 Amer Tel clt 4s Ill's Ut Ul
4HIMHI Un r.K MIVj lul ll'l',
17UUO Amer Writ l'ap 5s... . bl-' Ul'a t'l'a
4000 Armour Co 4'js I'J'.k '.'-lis
liniiiii Atchison gen 4m nils ua. i'4'
lilliui) do cv 4a IUH11 1 U I lni lul
Idiiii Halt A- unlo il'is.... l:ia l'3'i 0.1'j
57U0U do 5s lull' lull 1011
HOIK) do cv 4'4 II4; HI -a l'4"s
1 1 11 ill Unit X, f w. ,t 'lUu . 111!.. Ill1 111'
141011 lleth Wteel rfd 5s 1UUU Urn's loo's
1
averago. city cured, 21Wci do. western cured,
"iS S" ' ,v,p",crn, rel!nd. tlnrc-es, 2lc; do.
"eTdeVeil? CntSSl. iic.' '"" "Ur" ' ,,y- Kp',e
KEFINED SUGAKS
Ihe market was quirt und unchanged lie
nners I st prices: llMra Hue Kruntiluinl. 7o.
Puwdered. 7 Iflo; confrctloiu-is A, 11 blii . soft
grailes. H.25i0 85c-
DAIRY PRODUCTS
lll'TTKIl The market lultd st.-ad und-r
mo.leratr urf,-rliic hiuI u fair ib-mand. Quota
tions: Westrin, frech, solld-parkcil rreamrry.
fancy spec lals 44c. fr, I2t( I3e. extra llrsis,
lie: firsts. :iilt4Uo siconds, :i7W;i5c. nearbv
prints, fancy. 45s, do. nveracK i-xtru. I2V4Ic,
tlrsts. 8lillc, sci-onds :i7Si.lir, speulnl fanci
brands of prints lob ,,t 4 8 ii .) 1 1
KdCIS Hecelpts were iiultr liberal, but de
mand wns good and prlrrs advntired 15c per
mi-r vfiiiiiiii.iiiii, .ruiu) virun, .1.1c prr unzrn ,
ntarby llrsts, S 70 per cose, nearbv c urr,-nt re
colpts, 18,55 Per casi- vvrsterii rxtras, 3,'ln prr
dozen, do, etro tlrsts, $8.70 per easo, do, llrsis.
n r, 1 per case, lancj prieciru canoiea eggs wiro
Jobbing at .'Il(tf35c prr dozen
Clllinsn Var.cy Koods were scarce nnd firm.
Quotations: Xrw York, full cream fancv. held.
27W2"c specials hlgnT. do. do. fnlr to good,
held. 27ii27'zc, do. port skims, Il5f22c
POULTRY
I.1V1S sold fairly and values weir well sus
tained Quotatloiii. Towls as to ciuilltv,
2iC25c, stacgy rnoslers, lSOt'Or, old roiistrrs.
ilin7r- spring chickens, snrt-mentril, 24W25P,
ducks us to sice und quality, 2JW2te, pigeons,
n.n.t tlflAt. flrvrnlnir. N'n
do, utigrnded. I3W4.25, Kings. No. 1. J3&5.50
M, Ullgrnucu, loitii e-iiixiuiiii. w , f-i-'i
do ungraded. 12 50 U 3 GO, Wlnesap, No. 1. 14.50
Mil: do, ungraded 2 505tS.5O Apples, north
wi stern, per box fancy. 24f 2 50, rhoice. II. uU
Sf2. Lemons, per box. I3jf4. Dranges, 1 lorlda,
per rratt llrlght. fancy. :Hf7. russet, fancy
12 5UM5 50, poor, I1W2 25 tlraprfrult, Ilorlrla.
per crate, 12W5. l'lnrnpples. rorto lllco, per
irnte. $8 1.50 Cranberries, Capo Cod, per
1,1,1. I'hiicv lato varlatlcs, I5SJ5 5U, rarly
blark. I2W4 Craiibrrrles, i'oiw Cod, lrr crate,
SI 5iiW2i do, Jersoy, ix-r crulc", II Wl 60.
Htrnw berries, Dorlda, per ciuart, 153oc.
VEGETAHLES
The Renornt market wns ciulrt and prices
sboivrd llttln ihangn. (Juotatlous. While pn
tatcii-M lwr bushel I'rnnsjlvntila. tholco, 12.75
ciijtin. New York, cholrr 12 75, Maine, cholc
12 ',( 2UU western, i holco, 2.2."12 51). While
pota'ocs Jc-rsi-s. per basket tl.5UMl.75 Hvvcit
piilalot's. eastern Shun', per bairrl No 1.
l.'l 50 iH 5. No 2. $1 50 S3 Hwret potatoes. Del
aware und Maryland, prr hamper No. 1, It 75
12.15; No 2, I125V15U, culls. 1. Hne.-t
potatoes, .lersey per basket No 1. 11.1(10
1 511. No 2 5lltlt5c. Onions, per 100-lb. bag
No. 1. sellow, J1His75. Cabbage llorbla, per
hamper, 12V3 do. do. per rrat.. 55 50 4111, Spin
ach, Norfolk per banel. 354' do, Texas, per
hamper 2.5'lri-3 Kale. Norfolk per barrel,
M 75(f2 C.iullltowrr, Norfolk per cralr, I1.5U
102. l.-uure 1 lorio.i. lancy, ier oasKec. ,i.oo
0(5, do. do, poor to mod. per basket. tlUil,
Celerv, Florida, Per 10 Inch crate J.liii.l 511
lleaiis. Vlorlda, per basket (Iretn. IdWll).
wax, tSSfl" Kggplant, l'lnrlda. pr box, 13 5n
Ci5. Peppers, riorlda, per box. $3 5u((il,
Siiuash. riorlda, per box. 11. 7502 25 I'eas
1'lorlda. per basket, J.VriT Toimtors. I'lorlda.
per crate, S2.75!5. Mushrooms, per l-lb bas
ket. $1 IU5C1.75
More Gold for Cuba
XKW YOIlIx. Maich ::. (Sold to tho
amount of $0011.000 was withdrawn from
tho Siihticaaury today for uhlpment to
Cuba
name nf which was bestowed by Dr. Hugh
Archibald Clarke, professor of irruslc, and
which Ih freely Knullshed out of its i-atin
coinage n "tho singing birds," has, under
the direction of May Porter, musical .bach
elor, tnkon place among the foremost of
the local choral noddles of women's voices.
This senson. In addition to proarams and
choruses and part songs by thu entire body,
the Cantaves have stood sponsor for a
series of recitals. Introducing Indlvlduah
members.- They have been very agreeable
In social quality, meritorious In ptogram,
and Interesting In Bololsts.
Mrs. Ooforth proved ona of the most at
tractive of tho nrtlsts presented In the
series. Iter voice Is strong, sweet and
vibrant with tho povvey, particularly, to ex
press the dramatic In aria or lied, Almost
tho only faults nr the tendency to over
vehemence of accent In Interpretation nnd
thnt of occasional cxploslveness In tone
production. These are faults of easy cor
lectlon to such a ntncere tutlet as Mrs. Oo
forth seems to be. Her Infrequent defects
were most evident In tho "scene and air"
from Conconc'a "Judith." nn unusual nnd
theatrical number which was given Btlr
Ungly. Uounod'B "Ave Maria" nnd Chad
wick's "Tho Danza" were sung with due
vnrlcty of feeling, and there wan a good
example of florid singing In J,eo Stern's
Involved colointura piece "1'rlntemps"
('Spring")
Mrs. Cioforth also engaged In a duet,
floetze's "Still Wie die Nacht." with Mr.
Koch, who disclosed a baritone of suave
quality nnd rounded, full proportions, He
sang iippenllngly and artistically In several
luillvldiiul numbers, including Ilaendel's
"Hear Me, Ye Winds nnd Waves." Giorda
no's "faro mlo ben" and Schubert's "Der
Wanderer."
The excellently discreet accompanist, Wil
liam Sylvano Thunder, had a couple of In
nings as solo pianist, and his adroit per
formance ot Cecllo Chnmlnade's "Etude"
and "Plerretto," a Chopin "Nocturne" and
a "Study" by l'aderewsltl, made ono wish
to hear him more frequently as an executive
artist Instead of n supplementary artist.
The president of the Cantaves, Mrs. Clin
ton A. Strong, and members of the board
assisted the soloists and guest of honor,
(initio icrrnrl, In receiving Informally after
the recitnl. The usherH nsslstlng Miss Ullz
nbeth Fudge wero Miss Angcllne Jardlna,
Mrs. AVIIllam l.oftand, Mrs. X. Montgomery,
but Discourteously Refuted Hear
. oc .. m-,J " .r!
ing, onure .meeting jloiu s
ATLANTIC CITY. March 22 Kw 3fJ
sey lawmakers who, In the opinion of ardaiMj fl
workers for woman suffrage, went out of
their way to be pffenalve last week wMn
lC ICIMOCU KHIUUli; IU WW1W, w,wy .
limited Huffraae for women, ara being ew
corlated at a protest rally of ahore Buf.
fraclstn In the nubllo library today. z"Sl
"Our cause was sacrificed for pollticaiij
exnedlencv." exclaimed Miss Lulu Hubbard .':,'
Marvel, president of tho Atlantic Cly1tSvf-,)jW
xrage jeaRue, in repuriiiig wiisi tuuit vivsr
nt Trenton. "They did not elvoi even "
courteous hearing.. The whole proceeding
was unfair. They steam-rollered ' the blUA
when tho least they could have done In a,U'y;-
r.nlmvis wns tn clve via a vote. We usually. '; 4
oof tlilnva Inst In New Jersey, but ,ltl Zt H
mately we get them. It will be bo In of-fi
case because right Is bound to prevail.-''' i(, "M
Mlsa Marvel told of the States which havef-.j t
mado concessions since the flrat of W''S
year, nnd said that New Jersey was Mini.'y
leit Denina in me mri:ii ui jjiuioa. y j-o
Mrs. Edward Ii. I-ewl, State organlie,
of the Xew Jersey woman Hunrage abbo--
elation, spoke upon tne mwa 01 tno ""-$
-m .. .H.f .1.tU-An fiTViA -111 VJ
arrecting women mm Kunumii. "--"- -ja
every woman should know about them, bj J3
that ha can participate Intelligently In ht
movements for righteous concessions.
'.. Sfnfp to Buv Pennvpacker Farm ivJsS
HAItniSBUnC. March 22. Among trie 5V
i.in0 inirndnred lii the House was one by ?.K -'J
Mr. Haldeman, of Montgomery, provldlnr
for n commission, to be named by the
Governor, to negotiate for the purchase
of Pennypacker Farm, at Schwenkvllle,
and appropriating 30.000. ,
MM
'.j
'Wi
Plan Recreation Center
v. ii.. -...vnAaA t tmnrnvlno- the nslffH-
borhood, residents of the First, Twenty-sixth jj5T
and Thirty-ninth Wards will form an ln-, nJM
nrovement association. The purposes or me i
organlratlon will be outlined tonight at a '
meeting which will be held . at Reynold
Hall, Paskyunk avenue and MootcS street. J
In addition to obtaining rcuch-needed ln
provements, the association l.opes by aroui
ing interest to establish a recreation center
at Tenth and Moore streets. 1 - 'I
im's nil's i"'
b7'i Xi'i. T'
hll" Mlsi bv
H7' 117' lli't
lli'.s H"'.3 !l''l
78 7, 7s
miVa wi'.i .h,i
lujij lna's lu-Si
DuU UU DO'i
1J7 11!7 1-J7
SJH h.l's K-t's
lilj. III 1U"
Tilt 70' 711's
i-ii u. ,.v .. :,- ..-....- .,..,.
1 fi t v..., ,u r.o 1 tic 1 . '. 1 VI JO.1'4
luuii chi un .sta -1'iB .... nn' "! ;;;
IWUii I' II i U Joint 4s .... 118 J 74 7j
1U0UO C il 4 Ml P 4s 1115. . Ut1 114 s Ill's
1IIIIO do rfd 4'4s IMKs btl's lid's
5s icu'4 join in--
1IIIMHI llrook llap Tr 5s tills
(liiu Hush Term llldg 5a..
loul) Hush Term Co 4s...
mull fan llovt 5s llll'tl
miiio do 5s 11151
IIUI) t' C i: Cell 4s
101)0 O U C & .St K 4s. . ...
7UIIU Canada tioutli 5s...;
1401)0 Cent l'ao lat 4s
IIOD Chill Copper i7s . . . .
1UUI) Ches it Uillti cv 4'ss.
;UU0 do conv 5s
4UU0 Clll Ut VVe.sl
7UUII do. conv 5s
DIVIDENDS DECLARED
fen-Die Coal Cnmnanv. ouarterlv of 2 per
rat on the preferred stock, payoblo April 10 to
Itockholders of record April 2. Checks will be
Oats
May
July
September
I.ard
May
July .. ..
Klbs
May
Julv . ...
roru
May 54.00
Julv 53 00
Bid. tAskcd.
.. 55s,
. . 5(l4
.. 50,
..111.50
..111.50
..17.80
..17.87
5(1 H
57Vs
fil'i
r,8';
r,iij
r.o'i
50
511s;
51H
58S
51II4
10.75
1U.75
18 02
18.12
.11.30
.-i.l. !.
10.42 10.75 till 57
11). 1U till. 75 tl0.57
17 72 tlR.02
17 85 18.12
tl7 87
tl7.l)7
INumlnal.
5.1 (15 154.30 -t.14.lCi
1I2.U5 M.iJ JJ.JU
Mitel.
1 'PltUburch Coal rompany. recrular nuarterly
1 IH per cent on the preferred stock, payable
1 Aim 23 to stork of record April 12.
tiMBlratlon Consolidated Copper Company,
tuul Quarterly of 2 per share on Its stock,
cWrtU ApUl 30.
.Vlrilnla-Curollna Chemical Company, usual
Wirterly ot i ot 1 per cent on th common
Mo M 2 per cent on tho preferred stork. The
Wmon dividend Is payable May 1 to holders of
Bro April 14, and the preferred April 111 to
Mr of record March 31.
Canadian Cement Company, usual quarterly
V m per cent on the common stock, payable
Urll 18.
, First National Bank, regular quarterly of 214
Mf cent, payable April " to stockholders ot rep.
. i March 30. .. .
' flreat Northern, regular quarterly of 1? per
, NM, psyible May 1 to stock of record April 7.
. Proctor . aamble. regular quarterly of 2
- wn UU II1U I1ID1C1ICU Pluvn, .hu.w ..
1 JI .to Hock of record March 81. . ...
i JArUm-ton Mills, regular quarterly of 14 per
Rue. payaDio April - to atocit 01 recoru iuuiiu
'Change, Names Committees
The Philadelphia Stock Kxchango cov-
hmung committee met lato yesterday and
wcieo. organization for mo year, vviiuam
U.lkttm wnn rp-lectpcl vice nrcsldentl
I'Worjo Stevenson was added to the trustees
t the gratuity fund, nnd Secretary of the
:'Btchange Iloraeo H. Leo to the trustees of
1 Exchange.
: iThe fallowing standing committees were
iinovinced by X'rcsldent William D. Grange:
I' finance David A. Freed, chairman; Ed-
J. Moore, Horace H. Lee, Isaac T,
JrVA Frank L. Newburger.
ii (Building Horace II. Lee, chairman ; Pen-
.'Ji, Klrkbrlde, Cushmnn Newhall.
IjWvlcl a. Freed, Horace II, Lee, Rowland
HtTaVlor. Wllllotr, V lfnr
Jyftrtiltratlon Charles Hi Bean, chairman :
fJvT, Chandler. William M. Elkins, Isaac
1 -, 1-IUIIK XI, UtlUlllllilll, CUWI1I Al,
tnon. Jr., Walter F. Klcmm.
M-learlng House Harrison O. Seeler,
JWrman; Pennell C. Klrkbrlde, William
maker.
ifock List John W. Sparks, chairman;
rV T. Starr, Frank L. Newburger.
Uleswilllafn M. Elkins. chairman;
Offence L. Moyer, William F. Kurta, Cush-
j, jj. -cniiuii, Aioeri n. xurner.
ixmmiBsions-i-Edward J. Moore, chair
?; Walter F. Klemm. Frank C. Matthews.
Wolvency David A. Freed, chairman;
T75f wirsiairs, Itolnnd L. Taylor.
-".110ns i'ennell C, Klrkbrlde, chair
W I .Frank L. Newburger, Edwin N. Ilen
J "., William 3. Daker. Jolin W. Soarks.
V .
?EW YORK BUTTER AND EGGS
V.Jonilt March !2. BUTTER Receipts.
lUDl. lTnaiil III.V.A. sMAt.lss.M ilts
ljia,l,rs, 41 ',4 c. Other quotations un
"-Itecslpt,1, 7767 eaaes. Irrtfutar, K
cLtra first. SSWeiiflriu,. 28V1 Oi'Doi
cgo Bank Increases Dividend
JCAQO, March 22. The Depositors'
(savings Bank has increased its
,aiviand from IVi to IH Pr cent,
p. siook racoa aitrai .
MONEY-LENDING RATES
NK1V YORK Call money opened at 2U
per ccnt. high 2)4, low 2, last 2U. closed at
" 141012"-. ruling rate 2U per cent.
The demand for money is still moderate.
Inferring to Stock Exchange loans, Indus
trial money Is offered at 3i 4 per cent for
ninety days and at W.i per cent for four
to six months. Some loans have been made
nt 4 per cent, but this does not dcflno the
real market.
Money for six months on good mixed
collateral half and half Is lending at 4 per
cent. There Is little or no business In short
date mixed loans. , v .
In prlmo mercantile paper Interest In New
vu i rnnflned to a few Institutions. Of
ferings continue moderate. A few notes
have been sold on four months maturities
under 4 per cent. The market Is 4$4U
per cent for the best quality.
Prime bank acceptances quiet and un
changed. Ellglbles 2T4 3 per cent, non
ellglbles 3ff34 per cent.
rillLADKLlMHA Call. S.i per cent.
Time 45 per cent. Commercial, three
to six months, V.ilPiH per ccnt.
LONDON Money SU per cent. un:
changed. Discount rate short bills 4 per
cent. Three-month bills 45i per cent, un
changed. BANK CLEARINGS-
Bank clearings today compared with corre.
.ponains any nisi - - ,, i0J.
Philadelphia
Hoston . . ,
New York
Ualtlmore
lIM'i
. 74
. SHU
WtlV
. fit
. 11 1 sd
. 114
nn
.ma1
us
S5
lis
hum) du cv 4'i
41IIU0 C It 1 A 1' rfd 4s.
Ill (Kill do 4s
100U Chi Rwy 5s
loom) Col & Houth 4's.
17000 City uf Paris Us .
2000 Col F & I (ton 5s
2000 Corn Prod 5s 1B.14
5000 Uel & Hud conv 5s
i:i000 do rfd 4s
tono Den H It (1 5s . . .
20000 Dls Hec Corp 5s . .
15000 K Ten V & 11 con 5s
1II0O Krle conv 4s Ser A.
ni(in rtrt ,-nnv 4s Ser H
301111 Hud . Man rfd 6s 117 a
1000 Hock Val 4'is . . Iijii
Jiiino 111 Steel dob 4's s . !H7
mono lnnii Central ref 4s . 5ii'
;ini)0 Interb Met 4Ws.
24000 Interb 11 T ref 5s.
Sli.inno Inlor Mer Mar bs. .
SOCIO Internl Paper us...
3011(1 do Us . .
500 Jan new O S 41-js..
130110 do new 44 s.... .
201)0 Kan City So 1st .Is.
200(1 do
Osi,
73
M
IHI
SI
114
114
mi
H7'
IIS
ir.1 ,io(iBi
M'i ni'
niN in '1
11714 l!7i
1)1 'i
II I
r.iti.
ii'iu mi'a
SiTVj H7
IIV 114',
111(1 .10(1
US',
73'
SS
lie,-1;
SI
Ill's
111
till
lll.'l'i
IIS
R5
IIS
lllll'-B
Ill's
Cl'i
117 H
HIM,
11 n;
.Ill's
l.'l '4
i7'
!I5'i
101)
$100,000,000
Government of the French Republic
Two-Year 5y2 Secured Loan Convertible Gold Notes
Dated April J, 1917
Interest payable April and October 1
Principal and interest payable at the office of J. P. Morgan & Co.
Due April 1, 1919
Ml
M
C.sS
Ml
2000 do 5s ; Ci.
1000 Kan City Ter 1st 4.. H7S
.1000 Lake Shore Ben 3'js. Ml
?n9 ''??"! i,'JlrJ,-J1..J I nil
.iiiiici i. viii ci ' .""" ' " ,- win inor.
l ) lib ci ; v, --: r.'-i
'.' i '..
(!.-, Il.i
, , .lf.fl IKnn tt, Rt 1. 4S .
1000 'Minn St I' S H M 4s
100(1 do lis. ' ,'JJ
HOOD Montana Power 5s . . li4
500(1 N Y C & It 3', s . . . . ;
4000 do con 4s ;,?
Hiino do (is :!
'. lou'.j IO'I'-j luo'i
no
hi
iisS
Ml
S7S
IIS
Ml
5',s
llld'i
Kill's
55S
1)4
M)
SI
(IS'k
S'l
;h
US
Ml
115;,
100'i
1117'a
ll'I'J
b.l
FOREIGN EXCHANGE
NFW YOHK, March 22. Tho feature of
the foreign exchange market in tho early
dealings was further Improvement In Ital
Ian exchange. The market, as a whole, was
steady to firm. Business was on a mod
erate scale. At tho opening figures Ire
showed a rally of 10 points from tho low
record.
Quotations were: .-,-,..
Demand sterling 4.75 9-1C, cables 4.76 7-6 :
sixty-day bills nominally 4.72, nlnety-day
bills 4.70. , , .....
Franc cables D.83, checks 5.84?..
Itclchsmark cables 69 W. checks 69.
Vienna cables 11.30, checks 1 11.29.
Mre cables 7.74. checks 7.75.
1 Swiss cables 6.03. checks 5.04.
nniirisr cables 40 7-16, checks 40,.-
Ruble cables 28.60. checks 28.60.
reseta cables 21.37, checks 21.27.
Stockholm cables 29.65 checks 29.55.
u.ioiionin mhles 29.25. checks 29.10.
Copenhagen cables 28.95. checks 28.90.
Bank of England Reserve Increases
LONDON. March 22. The weekly state-
e h Hank of 13ng and follows:
ToTal reserve "4 588.000. increase 1427.000;
Total reserve ijs. . s 349,000;
humon 63 mVooo! Increase 179.000; other
M,rlt decrease 13,603,000;
sefcurltles io.s-. 00 lncreas0 B,.
Syi'llOO- Tubllo deposits 67.911.000, U..
crease0 HM66.000; Sovermant .ecurlt es
24 051.000' tlecrease H0.000. rhe pro-
rnow II Per cTtf against 16.60 per cent
ast week ami compares with an advance,
from 27 per cent to 28 per cent In this
.12- ant vear. The clearings through
T.6 week were 331.570.000, against
312.100000 tait week and 276.377,000 In
this week last year. j
No'change In Sugar Prices
virw YOnK. March 22. Flna granu-
JvEW JUJVv. ""'. j. nrlf-.
linnii cio 4s - ru,
13000 do 4',as.. .. ! . .',a
(!3(ino N Y city ,: J'"1"-! 71I
"SOOO do 44. 15 7J
Miuu do Via J' '.. ii'i"'l 7't
200(1 N V N II "11
700(1 N Y llwy ref Is
2000 do nd J .is....
10UUO N Y Tel s;n 4'iis --.
2000 N Y V C cS I' !..-
12000 Nor l'ac pr or 4s. ..
100(1 do Ben 3s . . .
21000 Pcnna ten " -is
20011 clo ,4s 1043
7000 Pub Serv .N -J '---
1000 l'ere Maruuotte 6s...
1111011 iteodlnB sen is -
Mi'i
Kill's
112
H7's
102
2000 uepuii i-o"2 -
I III Jll lirii 11 --..., un
2000 llvvy Hll 'Vlllf 48 7S
1000 St I. ' MaPS', ni 73V
mono st 1. & t.r aJt rVs'l
.32SS 1? LiiV a :::::; m.
iMJI"' " 2" .,
107H
HP's
h3
MIVj
inn
Ill4
07'ii
KI'J
linlc, 107'
lll "4 111-4
KI7'i 107'4
107'i 107'i
1011, 101 'il 101',
(PII4 mi " 4
so'. :wi'l an'
iisT, lisU us's
c,s ;s its,,
1I3H. H3'i H3H
nn. nns nnj.
Ill's ioi'4 mi's
ls4 I'S'i lis
iu-4 11 in
:t 113
IHI4 04!i
ns us
100'4 loil'i
III) ll'l
,h"i 7Si
ni"
113
114S
OS
KIO's
Coupon Notes in denominations of $1,000, $5,000 and $10,000
T '
.
Convertible at par, upon notice, at hc option of the holder, at any time before maturity, into Twenty-Year 5Vt7ol
Bonds of the Government of the French Republic, payable April 1, 1937, and
not subject to prior redemption . ;Y
"
Principal and interest of the notes, and of the bonds into which they may be converted, are to be payable without deduction for French
taxes, present or future, in New York City in Viited States Gold Coin. . Principal and interest of the notes are
' also to be payable, at the option of the holc'e. in Paris in francs at the fixed exchange rate of Fes. S.7S to
the dollar, witi out deduction for French taxes.
Wi J
., . K4:
22UUU CIO OS .' iiu
-4000 St I' Swn,5" .ft
1000 Stand Mill 5s "",.
2300O South PJ' cv 4 . .- ,
-1000 do rfd 4s ' ,J
33000 do, cv us - '!
32000 SOUlll "; i" mill
. .rw. An ..AFl UN
5000 Texas o cv i.s.
:',
534
Kll's
8414
IIS
100
85
IU
101
71
101
105 .
5M
3
53
117
M'i
OS
100
R5
111-
inl'i
.1
Kll'i
105
5SW
lon'I
illllMI r-" . . -! Aa
4000 Tol St Ii ft nj'"
1000 l'n Fuel Oa
7000-1' S Steel s 1 .is...
1500 union i-M ' -
Kionn do cv i
4000 Vn H'Vr.n I Is'
125000 1! II "ft! "o li
Tiiiino do Wb iii.'S
405000 '';4Y0,1?,nP"
0 do 5'4 - " r
"sonoVa Car fhm 1st 5s.
14000 UMIso'l ( "V,, j-
nnon w P T 1st et f i 4"
nViVi West M.ll,
5nnn Bt Union i'rin .
?oSo w'scen ivnt enj
1 c9 ko ooo rnninnr-! with S1.K0.1.
Totl,,."l7ri tl'llis tTr this Vk. SU.S18.000l
tintk vPhterUTi "" W nun nnn
"" r 1-.1 i.t
, 103,,
.-.svi
mm. ino'
io.ish jii.- i"-;9
l)74 l)7'i H7 I
!I24 .
41 . 4
07 ii
ns
IIS
nn
05
WB
S, -4
(17' i
no
ns
nnu
n.-i'i
mis
nn:
7'4
nn
ns',
no
ns
llll'
in2s Ki2'4 mi"
31 33 33H
71 71 71
115 ns n-i
8(1 88 8U
eniiji ' "'V" .13 nunnoo.
same period ihm i-- -
Mininjr. Company to Pay Extra
NKW YORK. March 22. The Argonaut
renso Idated Mining Company has declared
Jlf.inr nuarterlv dividend of 71J cents a
avr5,nd an extra dividend of 2 cents a
tare. rayiiMe March 30 to holders of record
March ?1.
TOO T U,nR C'fJtBSiriOATION
,DE.T11S
r,n' March 22. NELI.in. wife of John
QEnMlS.--iri' . friends Invited
Permes. Mon ., p, m, l204 Harrison
1 ,uSinkfofd l'a. int. Oaklancl
10 uv,"i.fr.i Pa. Int. uaKianci c em.
B,V,SMAN -March 21. CHA1U.OTTK 1VOSS
2VH(nVriIolCm.i.r. WWW o J-har es Vos;
" - Bead 1)0. iveiuiivv. nnu
m,?"'.,.i Sat, 11 a. in., from
t0 K Mr" Charlotte Schwei
rr'ldt"V?Jd int. private. ..
MANN inee iiu ":- nnd friends Invited
ah."" 11 a. ... from her dauehtpr A
chvvciier. 4335 renn
.-.JVSi.vkrch 21. THOMAS, husband of
rr.'Y--k ,,j 74. Relatives and rrienas.
A,gne.mberB of Olney Presbyterian Church and
also member" 01 church, invited to funeral,
Norrls Sauarcu.ijj ,-,,, Me-t oiney. Int.
"" HEI.r WAXTKD FK.MAI.K
1
OIP.I.3 WANTED
nrt I KARN TO MAKB LITTI.H CIOAIIS
T0 nKSlilAUI-K, STEADY WORK
nn 17 PER WEEK WHILE I.EARNINO
pAI. irfOKTT MYER8 TOHACCO CO.
WQ THIRD AND ONTARIO
HKl-,1' WANTED MAI.K
In connection xoith the provisions for optional collection in francs, it may be noted that this feature amounts
to a call on French Exchange for two lears at a rate of Fes. 5.75; this being about ten per cent, below mint parity,
Fes. 5.1SVr, ut or near which jifjurc Exchange ruled prior to the disorganization of foreign markets brought about
bn the War. Such additional profit from the exchange feature as may accrue to the holders of these Notes will involve ,
no increased interest cost to thepromissor, but will be consequent upon such improvement in trade and Exchange con-'
ditions as may occur during the coming two years.
The Notes arc to be secured by pledge with Central Trust Company of Ncio York, of securities approved by
J P. Morgan Co., valued in the aggregate at not, less than $120,000,000, of which approximately $20,000,000 in
value is to consist of securities of American corporations and municipalities (including securities of the Canadian
Pacific Railwaii Company), and the remainder is to consist of obligations (either direct or through guaranty), of
the following Governments: Argentine, Uruguay, Brazil (Funding Loan), Switzerland, Holland, Spain, Egypt
Province of Quebec, Denmark, Norwau and Sweden .(including certain bonds of Mortgage Banks in the last three
countries operated under Government supervision, and quoted customarily on a parity with the obligations of their
respective Governments); also bonds of the State of Berne, Switzerland, bonds of the. City of Stockholm, Sweden.and
bonds and shares of Spanish railway companies and of the Suez Canal Company. ,
Provision is to be made in the pledqc agreement for the maintenance of the 20 margin; for temporary lodg
ment of cash mndinq the arrival and deposit of all the collateral; for the holding by depositaries in France of such
of)s- from the pledged securities as mature prior to April 1, 1919; for the sale of collateral and purchase of notes'
with the nrocseds- for proportionate withdrawals of collateral as notes arc converted; and for substitutions of col
lateral approved by J. P. Morgan & Co., the amount of American collateral,' however, not to be reduced through any.
such substitution. t ;'v L
This offering is made subject to the approval by our counsel of the necessary formalities. '
' .
IFF OFFER THE ABOVE NOTES FOR SUBSCRIPTION AT 99 AND INTEREST, YIELD- ,
ll l, uhlsiv ING SLIGHTLY OVER 6
1917
i,,hcrintion books will be opened at the office of J. P. Morgan & Co. at 10 o'clock A. M., Thursday, March 22,
and will be closed o'clock A. M., Wednesday, March 28, 1917, or earlier in their discretion. ' '
' The right is reserved to reject any and all applications, and also, in any event, to award a smaller, amount
than applied for.
Amnmit due on allotments will be payable at the office of J. P. Morgan Co., in New York funds, to their
order dtheditcofltmcnt will be given in the notices of allotment.
' Temporary certificates will be delivered pending the engraving of the definitive notes.
Application will be made to list the above notes on the New York Stock Exchange. '
J. P. MORGAN & CO.
FIRST NATIONAL BANK, New York City
KIDDER, PEABODY & CO.
WMt A. READ & CO.
KISSEL, KINNICUTT & CO.
BROWN BROTHERS & CO.
NATIONAL CITY COMPANY, New York City
HARRIS, FORBES & CO.
LEE, HIGGINSON & CO.
f. & W. SELIGMAN & CO.
LAZARDFRERES
P. BON BRIGHT & CO., INC. " r '"'-'.
WHITE, WELD & CO.
XPEXnPR TRASK & CO.
ma IF NATIONAL BANK, New York City 'NATIONAL BANK OF COMMERCE, New Yorlc Cit'y.
CHAbh iAiiutvM GUARANTY TRUST COMPANY OF NEW YORK ;,
RANKERS TRUST COMPANY, New York City CENTRAL TRUST COMPANY OF NEW YORK,
BANKEIib liiUiyi w ?fg WAN & TRUST COMPANY, New York City
nnv rniiST COMPANY, New York City EQUiTAUUS mum vu., tyew xorK oirj.
" ' ' " . rnniMERCIA L TRUST COMPANY, Philadelphia
, a-orro-r nnniPANY. Pittsburah MELLON NATIONAL BANK, PUtrtur
vivivn w. FIRST NATIONAL BANK, Cleveland
,nom j..irn nvTnniT NATIONAL BANK, Detroit MARINE
ri" WNTRAL TRUST COMPANY OF ILLINOIS, Chicago
CONTINENTAL AND COMMERCIAL- TRUST & SAVINGS BANK, Chicago
FIRST NATIONAL BANK, St. Paul
Dated March 19, 1917.
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