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American Finance
' A (luminary of the recent
'.evolution of United States
' Commerce and Finance dls
f cussing
1. The growth of our
trade balance
2. Our industrial ex
pansion 3. Our greater interna
ti6nal banking re-
. sponsibilities
4. The importance of
foreign investments.
This booklet also contains
tabulations showing the -various
foreign loans placed in
the United States since the
beginning of the war.
Atcopy of tho booklet rn-109, will
Ibo aont to Investors upon request.
The National City
Company
1421 Chestnut St., Philadelphia
New Tork Chicago Sn Frnctco
Benton Pltttmrti
OnX RtKJS EY & Co.
AUTOMOUILt UUHKEHS
Offer special facilities for In
dividuals or automobile deal
ers to finance tho acquirement
of pleasure cars: and tor
business houses to flnince
the acquirement of commer
cial carx or trucks. If you
are thinking of purchasing a
car of anyklnd for any pur
pono the FINNBY SYSTKM
will make a better business
transaction for you.
REAL ESTATE TRUOT DUILDINQ
PHILADELPHIA
.STOCKS
BONDS
GRAIN
'Boupht and sold for cash, or enr
ried on favorable terms. Prlvato
wires to all markets.
LINDES & COMPANY
Franklin Dank Bldfj.
141G-141S Chestnut St.
Hell IJhone Snrucr 83375358
l.oiie DNtnnrr I., I). 117
Koittune Uure C9 1
WHEAT-
Future values (new crops)
will be Governed largely by
growing conditions from now
on.
Write for our tlally Grain Letter.
E. E. Delp Grain Co.
453 Bourse, Phila.
I'rlvali) wire all Grain Market
Member Clilrasu lloard Trade
HEcteRfeo.
ANKERS
and
BROKERS
6th . CHESTNUT STS., N. E. Cor.
Members of Fhlla. Stock Erchanso
Direct Wire to New Yorlc
Savannah Gas
i st 5s, til. & S., 1923
RF.ED A. MORGAN & PD.
WCNT KXI Till .ST I1MHS., I'll 1 1. A.
Mtinbrr of the Phllii. stock i:rlmnsc
1
- I
BROKER WANTED
We want a responsible Uroker to
unJerwrlte or sell mock In a large ooii-
fier property In Arlronn Sale of ntock
utH been flanctloned by Corporation Coin
mlsalon f Arizona. Tor -Jntrrvlew R,i
dres (I H10. I.i:i)(ii:it CX.Vnt.U,.
LKOAii Aiyi:uTisnMi:NT.s
JrSS ESTATE Of JUSCrif .McCAIIKY. DK-
' erased Letters of administration on tho
above" eatati. hirlnz been Rrantrd to Tlin
PROVIDK.NT LIKi: ANJ TKUbT COMPANY
OF PHILADELPHIA, all persons Indebted to
the said estate are requested to mako payment,
and those linvlnic claims to present the same,
without delay, at the office of said Company,
Ko. IV9 Chestnut st . Philadelphia, Pa,
ada a ni.Nij,
Prealtlent.
estati: or. it. imtVAitii enrnx.
Jr.. ilereiiHed T.ettern nf nrimtnl.ifaiim.
on the Hbovo estate haMnc been granted to the
undersigned, all persons Indebted to th said
estate are requested to make payment, and
those havlnt; claims to present tho same. with,
out delay, tn
SAIUTA COFFIN. Administratrix.
Or to her attorney,
u v J. iinrnurtN.
32 South Proad St.. Philadelphia,
ANNUAL ilKETlNGS
WE.STMORCI..M COAL COMPANY
(mire! 221 South Third Street
Philadelphia. March !!, 1017.
The Annual Meeting" of tho btockholders or
the Westmoreland Coal Company will bo held
at the offlc of the Company on tedneaduy,
April 4th, 1917. at 12 o'clock nonn. when an
election will be held for three Directors to serve
three years. HKK.MAN ROLL.
Secretary
c
-
inm:cTonY or accountant
Ortllled Puhlle Accountant
mtowN t co
UWItCNCE K
IMS ItKAL KSTATK Tltl'ST HL'ILDINO
INVKSTIOATi: AND ADJUST PAIITNKII
SHIP. JOINT AND DIHI'UTKU ACCOl'NTS
WILLIAM K. MONlf.UU8
1)29 CIJBSTN UTJST.
IIPHNS & SPRAKMAN
;:
RESULTS
The firms that advertise
in the-financial pages of
the Evening Ledger find
that their advertising
brings results.
That is one reason why
the Evening Ledger
shows a constantly in
' creasing growth in finan
cial advertising.
about your own
How
case?
Have you
using the
Ledger!
thought of
Evening
Flnanilal Department
V
FINANCIAL NEWS
--4-
CONSIDERABLE PRESSURE IS PRESENT '
THROUGHOUT DAY IN WALL ST. TRADING
Various Disquieting Reports Connected With Inter
national Situation Used to Depress Prices Some
Specialties Make Gains
High Points in Today's Financial News
Hhich pressure hi ntock market during day, with prices generally lower
at close. Curb followed movements on Stock Exchange. Grain irregular.
Cotton higher. Philadelphia bank statement showed decrease in loans,
individual dcpoiits surplus increased. $H,000,000 more gold arrive) in New
York from Canada. Price of bar silver unchanged.
Ni:V YOUIC, March 26.
Tho Mock mnrltct wan called on to icslst coiialtfcrnblc pressure both from
nn increased supply of storks nntl vniloun dlstiulctlnR reports connected with
tho lntomntlonnl situation. There hs iii lneRiilni' opening, with many
(stocks showing declines In the early trading, hut with n tiulclt development of
Btrcngth mid pome aubstnntlnl frnlns liefote the end of tho llrst hour.
Tho market nt Its high loel was Influenced bv the circulation of icports
of suhinnrlno activities, nntt these stories later took tho shape of stntcments
that tho 'St. Louts had been sunk. At the lime theo reports were curront,
however, It was known that the St. Louis was moored safely at Its dock. Tho
official announcement of this fact had an lnlluence In rallying the market tn
the Into forenoon, but It became apparent that n readjustment of speculative
conditions was necessary following tho sharp advances In railroad stocks on
Friday nnd Saturday of last week.
Oalns of from 3 to C points In stocks like L'nlon Pacific, Reading nnd
Canadian Pacific, which were based on hturled conclusions that the applica
tion for advanced rates would bo certainly followed by favorablo action on the
part of tho Interstate Comtnerco Commission, made the tallway Jssuei vulnerable
to bear attacks.
The vlow was expressed while these upturns were In progress that (oo
much had boon taken for granted and that It would bo wise to wait for some
evldcnco of a clmnpo in tho attitude of tho commission before nssumlng that
that body would bo disposed to act Vnvoi ably with tho railroads. Union Pacific
yielded more than 2 points In today's trading, and recessions of from 1 to 2
points wero recorded in ninny of tho railway isstios.
At tho samo tlmo that tho railroads became strong at tho end of last week,
speculative Interest was necessarily diverted from the Industrial group, and
about tho only buying In thoso tstouks today represented covering of some
largo lines of shorts.
Taken altogether, theday's iciuits. as far as prlro changes wero concerned,
favored the bear side. Some specialties were acti e and strong without regard
to the tone of tho general list, Ohio Cities Cins moving up about 12 points to 133.
Bonds wero fairly active but without important change In nny lending
Issues. Anglo-French Ds ranged from 92 to !)278. Mnrlno 0s iold nt 96
nnd 9flV4.
STOCKS ON NEW YORK CURB ACT
IN SAME MANNER AS ON 'CHANGE
NEW YORK, March 26.
The Curb market acted In ubout tho samo mannor as the stock market,
with nearly all tho important Issues in supply nt concessions and little offort
being made to force advances by those supposed to bo concerned on the bull
side of tho various Issues. Merrltt Oil Bold down to 24si, nnd Midwest Refining
dropped from 140 to 136. Sinclair ranged from 56 to fi5.
Tho mining stocks wore generally lower. Big Ledge sold at 4',4 to 4, Butte
and Superior at 12H to 11, Magma at 47U to 46T& and United Verde at 39
to 39. Stewart was exceptionally strong, being heavily traded In, with sales
at a flhado above 14. Marlln Arms rnngod from 93 to 90, and Mldvale, which
opened at 61 '. dropped to 60,
Rock Island sold down from 38 to 37. Zlne Concentrating sold at 33R
to 3. Krle notes were traded in at 98 to 98. Submarine Boat sold at 24.
United Steamship nt 64 to G nnd Lako Torpedo nt 9 to 9. Wright-Martin
Aircraft opened nt S'i, dropped to 7, then rallied to 7T5.
INIH'.STRIAI.S
ma
nid
Aetna Explosives 3Ji
Am Brit Mfg
Am Marconi Vt
Am Sumatra Tohno ... S3V4
Am Writing Paper .... 4ii
Can Car & Fd' 2I
do pref .H
sat.
AsUM closed.
Sat. close
Asked, (sslfl)
4
12
24 Vi
IVi
R(l
24
Canven Steel' 13V ISV6 13
Charcoal Iron 7V4 H 7
Chevrolet Motors 125 ISO 180
Tramp Shipbuilding . . . . ho an
CurtKs Aeroplane 15 23
Lmerson Phonogrnph .. 12 12V4 12
Federal Dycsttiff 40
Haskell & Barker Car . 12 43
Ilemleo Mfg 21 27
Kathodlon Bronze pref.... 3 4 S
Lako Torpedo Boat ... 8i (Hi H
Marlln Arms no 01 1I2
Maxim Munitions 3 3"i 34
Mldvalo Steel 59 59h rtlVi
New York Shipbuilding.. 3H 42
Otis Elevator mi 02
Peerless Motors 15
Ponlo C & M tl
Redden M T 2nVi
Fcrlpps-Booth 20
S S Krege w 1 12U
Santa Cecilia 20
Santa Cecilia pref 85
Stand Motors 0Vi
St Joseph Lead 1 8
Steel Alloys X
Submarine 23 Vd
Triangle Film 1 d
Todd Shipyards 82
United Sugar SO
U S Steamship flVi
United Motors 1. 38U
United Profit Sharing ..
World Film
Wright-Martin Aircraft. 7V4
Zinc Concentrating S-
ItAII.ltOADS
Rock Island com 37
Rock Island A pref 8Vi
Rock Island U pref 71
Western Pacific w I .... in
Western Pacific pref ... 4
Wabash Pittsburgh .... 2i
Wabash Pittsburgh pref. 50
l)ii
21 VI
40
124
20
no
lK?i
H5i
24
l"i
H5
UU'a
38'i
',4
"H
R
3
37
85 Vi
72V4
111
51)
2014
12V4
0
18V4
23 Vi
1
84
a
flVi
3
' i
7V4
5'i
3
8 5 4
73
MININO STOCKS rnntlnneil
Sat
nid Askil closl
Goldfleld Merger fl 8 T
Green Monster 1 i-f,
Hecla Mining 7N 8 8
Howe Sound 0 7 7
independence Load 15 10 15
Jerome Verde I 3 2
Jim Butler 73 75 70
Jumbo Extension 32 35 33
Kerr Lnko 4Vi 4V4 ..
Kewanas 18 20 10
McKlnley Dnrrngh 40 58 51
Magma Copper 40 47 Vi 47V4
Motherlode 31) 41 3B
Mines Co of America... 1
Nevada Wonder 2
Nlplrslng I 8
Ray Hetcules 4
San Toy 14
Seneca Cop 1 1
Stewart V4
United Verde so
Tonopah Extension 8
West End Con 08
White Caps m
58
47 Vi
41
2V4
2V
8M.
4H
10
12V4
30V4
8V4
7e
0
54
63
STANDARD Oil, STOCKS
Illinois 212 245
Ohio 387 30.'
Prairie Pipe 331 338
Stand Oil of California. .30(1 305
Stand Oil of New Jersey. 7 10 720
Stand Oil of New York.. 310 323
385
302
715
320
jnteikndi:nt oil stocks
Am Ventura 18 23 28
Bamett Oil & Gas 2 3 2T
Cosden O & Cr 14 V4 14 14 V4
Cosden & Co 15V4 15V4 15
Elk Basin 12Vi 12 12V4
Federal Oil flys, flVi
Inter Petroleum 13V4 13 VI 13
Houston Oil 17 VI 10 18
Merrltt Oil 24 25i 27V4
Midwest 130 138
Oklahoma Prod & R ... iOTi. 11 11 Vi
Osago Hominy i)Vi V4 094
Rice Oil ft Vi A
Seuuoyah 1 if, if,
Sapulpa Ref 11 UVi II
Sinclair 55 66 Vi 55
West End O & G 18 25 1U
MININO STOCKS
Alaska Standard 40 45 45
Atlanta 13 14 13V4
Big Ledge . .. 4 4 4i
Blshee Cop ( a protp) ... 1 1 Vm 1 f,
Butte Cop and Zinc .... 11U 1IV4 12
Butte NY.. 1 2Vi 2
Calumet & Jerome 1 ijj 1,
Consolidated Arizona ... 2 2V4 2ft
Dundeo Ariz .....' 1 2 1
Emma Consol 114 1
First National 2 3Vi ..
Florence Goldfleld 10 26
Gila Canon ,60 00 64
Olobe Dominion f, vi Vi
Goldfleld Cons ,.......,' 55 58 57
D1VIDKNOS
t3S THE ritOVIDENT MFK AND TRUST
COMI-ANY OF I'HIL,DKI.rillA
I'hllclflihla. ThlM Month 2Bth. 1017,
.1' i1 mt "lln! of Hoard of Dlrertors. hel
thl day. a ciurtrly dlvldond of nine (0) air
."A"." d.ec,f,!:,,: B''ble on Fourth Month Cd.
101T. to tockhoidc-ri of record on the booknof
the Company t the cloae of bu.lnf.i -rKlrd
Month ith. 191? Chka or divldcnda will be
S.Ji'liALn,.L" A!th'r "etlona ihall ba been
nlea with tb Corauany,
C. WALTER BORTON.
y,t :.,. j . . BcmiiT.
Yerrlngton 52
IIONDS
Am Smelting Es 07 07 V4
Beth Steel o p 0 2-yr n 98V4..08.
Cudnhy Bs 05Vi 100
Cosden Oil 6s
J'nsden & Co new 6s. .
Fronch Munla Os
Midvnlo Steel Bs
Ittisslnn CVis
Russian B'4s
Todd Shipyard 8b . . . .
V S Rub n Js
West Pnclflc new Bs .
Erie Bs
.102
107V4
, 04
. 05
, 00V4
..88..,
.100
02V4
88
08Vi
Chile 100V4
N Y State 4s 103
103
108V4
04V4
00
07V4
.89...
102
02
80
08V4
101
8V4
4Vfc
12
ft
30 V4
3
70
M
82
07V1
.989.
OOTd
05
08
. 89 . .
N . . N
02
08
Gold coin to the amount bf $100,000 has
been withdrawn from the New York Sub
treasury for shlpmont to Cuba,
...'frE
y "i i.'
ZILL
rss:
,-X.J . V J J'- I .T.. - ' .If-
NEW YORK' STOCK SALES
Itllh.
Advance Rumely., 171
AJax 'Rubber . . 00
Alaska Gold Mines fl4
Alaska Juneau .. 8V4
Allls-Chalmers Co 80 Vi
do pref 80V4
Am Agr Chem. ... 01
Am Beet Sugar... 01T4
Am Can 40 Vi
do pref lOAVi
Am Cnr A Fdry Co 71Vli
Am Cotton Oil. .. 44
Am Express .... 120
Am Hide & Lthr.. 15
do pref 7o
Am Linseed 20 Vi
do prof 53
Am Locomotive . . 74
Am Malt t c 16IJ,
do ptef t c AS
Am Smelting ...lfl
do pref II3V4
Am Steel Fdry. . 03V4
Net
chgd.
V
Vi
1
V
4
tow.
17
00
8
7
it
80 Vi
89
02 V4
47
100V4 100V4 Vi
00 Vi
44
110
16
08 Vi
20
63
Cloee.
17
flO
8
30
80V4
80
03 Vi
47
Am Sugar
07 V4
44 .. .
I
2 If.
7t iy
16V 1
00 3
104 10114 2Vi
1I3V4 11314 Vi
031,4 0314 I
IIP
15
08
21)
63
71V4
13V4
67
112 nnt, 112
127 12714 127V4
212 212 212
60 14 60 Vi
07
50
35 Vi
08
83
10
85
.105 101
. 00
. 10
110
. 03 Vi
81
Am Tel & Tel
Am Tobacco
Am Wool 60
do pref 08
Am Writ Paper pf 5n
Am Zinc & Lend. 87
do pref
Anaconda
Atchison
do pfd
Atl Blrm & All.
Atl Gulf & W I
Hal 1 Loco
Bait & Ohio..
Barrett Co 110
Batopllas Mln ... 1V4
Beth Steel 140
do B 188 183
Brkn Rp Tr 00 08
Brunswick 10V 1
Butte & Sup Cop.. 40
Cnl Petrol 24
do pref 54
Can Pao 105V4
Central Leather... 96
do pref 113V4
Ceiro de Pasco .. 38
dies & Ohio .... 0214
Chic & Alton ... 10V4
Chi Great West.. 13
do pref . . .
Chi M & St P
Chi & Northw
Chile Copper
Chlno Con Copper 6014
Col Fuel & Iron. . 03!i
Col Gas & Elec . . 45
Col & South .... 27
Consol Gas 120
Consol I C Mln. . 181i
Cont Can 02
Corn Products .. 20
do pfd 108
Crucible Steel ... 72
Cuba Am Sugar . .105
Cuba Cane Sugar 45
do pfd 01
Derro Co pfd .... 08
Denvor & R G pfd 35
Detroit Edison
Distillers Secur
Drlggs-Seabury
ICrlo
do 1st pref . .
do .2d pref . . .
Gen Elec Co . .
Gen Motors ....
Granby Mln . . .
Gt North pref. .
Gt Nor Ore subs
Gulf State Steel
III Cent
Inspiration Cop
Interbor-Cons Cop,
!)U
15
112
58
81) 1
1011 10-)
1V4
144
45
24
64
3!i
08 Vi
50 1
3(1 Vi Vi
08 2
83 1
104 114
00
16
112 8
60 I
80
IV4
144 1
1.13 14 4V4
08
10
45 1V4
24 1
64
101 101 4
01 01 2
I1.1V4 "V4 Vi
38 38 1
00 00 1V4
10 10
13 13
80 30 I
83V4 85 V4
, SO
. 8514
.110 1I8V4 118V4
26
24
67 Vi
61
43
27 .
120
18
01
24
1
24
67 1
61 Vi 1
44
27
120
1814 Yt
01 1
25
07 108
07 08
100
43
00
0B
34
.134 133
. 21 21
. A3
. 81
. 4.1
. 34
.100
110
. 87 .
05
20
42
34
100
118
87
1
3
.
1
1
Vi
2
1
2
20 1
42 1
34 1
100 1
118 1
87
100
48
00
08
34
111 ft
21
05
.115 115 115
35
,125
105
01
13
Int Mer Mar .13
do pref 03
Inter Pnper 43
do pref 105
Int Nickel 44
Kelly Springfield . 0S
Kennecott Cop .. 47
Lack Steel 85
L E A W pr 44
Lehigh Valley ... 72
Long Island 43
Mnckay Co 80
Max Motor 38
do 2d prof .13
May Dopt Stores.. 04
Mex Petrol 03
Miami Con Cop... 41"
Minn A St L new. 23
Mo Kan & Tex 0
do prof 17-
Mo Pac w 1 31
do pfd w 1. . . . 67
Nat Biscuit pfd.. 125
Nat Enam & Stpd 30
National Lead .. 02
do pfd 112
Nov Con Copper. 24
Now York Cent ..100
N Y N H & II ... 45
N Y Ont A West. . 25
Norf A West ....183
Northern Pacific. .107
Ohio Fuel 51
Ohio Gas 134
Ontario Silver ... 0
Pacific Mall .... 26
Pan Am Pet pf.. 04
Penn R R 64
Peo Gas AC .... 02
P Marquette w 1 20
Petttbone M Co . 20
Pitts Coal ctfs . . 48
do pref ctfs ...110
Pressed Steel Car. 80
34
125
101
0(1
13
33
80
43
105
14
03
40
86
42
71
43
80
62
33
04
00
41
22
8
17
30
57
125
34
01
31 1
126 5
101
00 1
13
1
3
1
i
Hi
1
33
80
43
103
44
03
40
85
42
71
43
80
62
38
04 1
00 2
41
22 1
8
17
30
67
125 1
34
01
112 112
24 24
07 07
46 46 1
24 24 1
130 180 8
100 100 1
61 51
124 130 8
0 0
23 28 2
01' 04
64
02 1
20 Vi
20
40 1
110
70
54
02
20
20
40
110
70
Pullman Pal Car. 101 101 101
Quloksllver 2 2 2
do pref 3 2 2
Ry Steel' Spring . 51 52 82 2
Ray Con Copper. 80 20 20
Reading 101 08 08 8
do 1st pref .... 42 42 42
Rep Iron A Steel. . 84 82 82 2
do pref 102 102 102
1812
THE
1017
Pennsylvania. Company
For Insurances on Livcs-and Granting Annuities.
TRUST AND SAFE DEPOSIT COMPANY
Broad Street Office,
Chestnut nnd Juniper Streets.
517 Chestnut Street,
Philadelphia. ,
At the Close of Business March 22, 1917.
RESOURCES
Cash on Hand and in Bank $0,011,659.02
Loans upon Collateral 26,707,268.56
Investment Securities 5,531,618.67
Reserve Fund for the Protection of
"Cash Balances in Trust Accounts"...- 0,074,513.26
Real Estate , 933,235.00
Interest Accrued t 185,479.18
Miscellaneous, Assets . . . 101,004.39
$46,234,778.68
LIABILITIES
Capital Stock
Surplus Fund . . . . .
Undivided Profits...
Deposits
Interest Payable . .
Miscellaneous Liabilities
i
$2,000,000.00
5,000,000.00
683,162.95
38,539,021.02
111,583.61
1,011.10
I
$46,234,778.68
TRUST DEPARTMENT
Trust Funds ...... $219,533,585.57
Corporate Trusta ....... 268,88S,971.10
S. W. PACKARD, C. S. NEWHALL,
President Treasurer.
Royal Dutoh
Saxon Motors
St L S V 21
St L & Southwest 27
Senb Air Line ... 16
Scars Roebuck ..lot
Shnttuck Ariz ... 20
Sloss-Hheff S & I.. 7.1
do pref 07
South Pacific .... 08
South R It 30
do pref 01
Studebaker 103
Stutz Motors ... 44
Texas & Pacific .. 17
Texas Company ,.227
do full paid . .
Third Ave R R .
Tobacco Prod . ,
do pref
Transue & Wlms.
Twin City R T. .
l'nlon Pacific
I'nlted Alloy Steel 46
United Cigar Sirs lol
i'nlted Prtig ....
I'nlted Krult . . .
I'nlted Rwy Inv.
USI'I P & V. .
do pfd
t; S Ind Alcohol.
I' S Rubber
f sr Smelt & Ref
do pref . .
II S Steel ....
do pref
I'tnh Copper ..
I'tnh Sec Corp .
Vu Cnr Them. .
Vn Iron C & C
Wabash
do pref A 62
do prof II 27
West Maryland... 22
West Union Tel . . 07
Westlnghouse Mfg. 83
Wheel (c I. L 18.
do pf 40
Whlto Motors. ... 40
Willys Overland.. 34
Wilson To 74
Net
Hlnh I.ow Clftie chse.
04 04 64
87 67 87
20 !)
27 27 1 ,
14 14 1V4
101 101 4
28 28
71 71
07 07
08 08 1
20 20 1
00 00 1
102 102 1
44 44
17 17
220 220 3
230 230 1
'..w vrUvo-', jBitiir. .''i-V ZH;W'iPV3tMmLl ... i
STftElff HEARS P. & K 'FIWANgTO
WILL TAKE FORM OF A STOCK ISSJ
Allotment at Par, Is Report in Financial District Cranid
m.'.i...!ij! Afl?r.,'vc T.icf Mnrp T?PfAinfa -fnw i
OmpDUllUlllg .riucmo v .- r "
Lehigh Valley Transit
2.10
11
67
102
40Vi
11.1
143
76
40
80
102
40
03
141)
45
100
76
I
-1.
14 141
0
21
. 80
120
8014
0i
61
.110
118
,112
. 22
. 42
. 71
. 18
0
21
60
123
60 14
01
81
40
60
102
40
0.1
140 .1
48
100 H
78
141 4
0
21 1
60 I
123 3
60
01 1
81
114 114 ... .
118 118
110 11t 1
20 21
42 42
oo o 1
12 18
81 8t 1
20 20
21 21 1
00 00 1
51 811
17 17
40 40
40 40
33 33
70 70 .1
FIi dlldnl Wllnon Company preferred, l1!.
Total pnlrn, 850,300 Atmr4, rnmpnrect trlth
1,870,600 KlinrcH lnt Mnnilnr.
Sales in Philadelphia
Net
chge.
Hlsh. I.ow. Clote.
3 Am Gag ..119 110 110 ...
5 Am Rys pf 05 05 05
200 Atl G & W
Ind ....115 116
270 Bald Loco. 62 02
2 Cam Iron . 45 45
78 niec Stor. .08 01
2no Krle .10 80
60 Kenne Cop 40 40
ion Key Tel Co 12 12
2570 Lk Sup Cor 22 20
00 Leh Nav. .81 81
78 Leh Vnl .71 71
25 Nev Cons. 21 24
25 N T Cent. 90 09
2 N Penna. 03 03
874 Penna R R 85 54
10 Pa Salt M 05 05
280 Phlla Klec 32 32
5100 PRT tr cfs 31 20
48 Phlla Trae 80 80
200 Reading . . 101 00
310 So Rwy .. 80 29
820 Ton Bel . . 4 4
3000 Ton Mln.. . fl jj 6
70 Un Trao .. 43 48
410 U O I .... 90 00
7115 U S Steel. .110 114
100 Wnr I & S. 0 0
12 Westmor C 77 77
no Wm Cramp 88 87
loo York Ry pf .17 37
077 hnre lnt Mnmlny.
nrJNns
HlBh. Low.
f3600 Am Gas &
Klec !s. 00
10000 Raid Loco
1st 6s, ..104 104 104
800 City 4s '44.102 102 102
600 do'38regl02 102 102
100 do 1948,102 102 102
4000 do'40cp.l01 101 101
1000 Eleo & Peo
Tr 4b.., 83 8.1 88
1000 Key Tel 1st
B 07 97 07
6000 Lit Sup Inc
5s 82V4 82 6 2
4000 Leh Nav
cons 4 s. 102 102 102
.1000 Lehigh Vnl
. gen 4s.. 00 00 00
1000 do cons
4 14s 2003.100 100 100
8000 Phlla Co
1st 6s.. .102 102 102
1.1000 Fhlla Eleo
Temp 6s. 101 101 101
1000 Reading gn
4n 04 04 04
.1000- doTerBs.113 112 112
8000 Un Rwy
Inv Bs.. 73 73 78 4-
Tottil ale, S6O.60O, compared with 846,500
lnt Monday.
116 1
02 2
48
04
80
40 1
12
20 1
1
71
24
00
03
84
03
82
20 1
80
00 3
20 1
4i'.
0
43
00
114 2
0
77
88 1
.17
red with 7r
Net
Cloie. chre.
00 00
A report gained circulation In the finan
cial dlstrlc. today to the effect that h
new nnnnemg cr tne i-ennoyiii ...... .-.--
vould take the form of an issue of stock.
. . J .-... 41.A atinnnl
Hlocitnoiaers or me ramimii; "
necl'ng on Match 13 authorised an Increase
In the Indebtedness of $75,000,000. the di
rectors to decide on what form of tlnanc ng
would be used. Nothing was forthcoming
from official sources. The nut'rJ"dcapl:
tnlliatlon of the company Is $00.000.000, of
which f490.2O3.7OO Is outstanding nnd there
Is left J100,796,300 yet to be Issued. The
Street understood that the allotment would
be nisde at par $60, but no one seemed to
know how much would be Issued.
For n long time rumors have been In cir
culation about the affairs of the William
Cramp & Sons Ship and Engine Building
Company, running all the way from
change In control tn a refinancing of the
property. Today a report came from .New
nounccment with regard to the change In
nouneemeiit with regard to thecham n
control was expected shortly. A proposl
Hon Is understood to be under consider
ation, according to this report, by which a
manufacturing corporation would .take over
control Control of the 60,000 shares of
stock Is now In the rfands of New York
banking Interests. On tho Philadelphia
Stock Exchange today Cramp snares sold
up 1 as compared with the previous close.
Further progress In tho consolidation of
utility properties. In which the Lohlgh Val
ley Transit Company Is to take a prominent
part, was Indicated today by the admission
to regular list of the Philadelphia Stock
Exchange of receipts for the company's
common nnd preferred stocks dennu ..
der the agreement with the Glrard Tn.2
Company. Tne common stock receipts li.iVJ
lUUIl lUinn" ,..,v,v, iiikkiiik me lOtBl r1.
...Ilorf 12.149.BR0. Innv nir nnlu 101,.'"'
.1.. ...I.tnnillnff atnXtj ii.tiUU '. r Ofl
me uihbi,......b -.v.-.. ..,,,,., 1 ,ihh not bf.f.
so deposited. The preferred receipts list,
today lotaieu ioi.700, which makes ihJ
hjihi uujjuoiicu fuiu,uwu, mm only JJ int
in( (iiitniniiuiun.
Market movements on the loenl 4
Exchange today took the form of tlct lineal
roliowing ma uuwiiwiira trend in Yiil
Bliei'l. A.vr.o-o "we .iwi Ktrucitll. DUl lTlf.ft
.1.- .iAla ...l.ln.. .-.LI .11.1 . . '"OSt
oi mo nwvnn v. ..,.. r...,c -iiu BU at Oecllnei
from the close of Saturday, Phlladelnhl
Rapid Transit trust certificates became th
most Hcuve, hiiu iuni more man a nolnt.1
Lako Superior, too, sagged more than J
point, as did United States Steel commorj
lieitUIIIR ..n v.iw ... kliu "CHKVSl On th
il. ilrnnnlni. 3 nnlfifn fr'.rt. ft,. - n
line, u.u...... - , ....... .,,a ciosQ nfl
rauirc.K.tr.
NEW YORK BUTTER AND EGGS
NEW YOKK. March 20 m.TTF.n n.r..... I
4871 tubs AotUe, with a hlRher end flrmir rCI
.nmnd. Hlrher .corlntf. 42V. 43c: ex.. $
firets. 80414o: State dairy, 40VS 4lc, ' V.'l
MiAia in ni nsr KrnnPM.
EGOS Receipt!, 11.774 caeen Offering! rand
prats and market steady. Extras, 81c: tMt.n!
Orett. 80J4o: extra Brats. SOUdTSOci ",?
.14 S 890! brown, 81 82c: mixed color, SOtJJla
Nti chance In other quotatlona. "
BAR SILVER
v. Tork (cental 71 71 7114
London (penoe).. 85'i 85 86A
Laat IBM
.TJ!lJy..t'Mon. High. Low.
a m
STATEMENT OF
GUARANTEE
TRUST & SAFE DEPOSIT COMPANY
316. 318, 320 CHESTNUT STREET, fHlLAUfcLKHlA, PA.
' Uptown Office 1422 SOUTH PENN SQUARE
Cash on
posited
Statement at Close of Business March 22nd, 1917.
LIABILITIES
Capital Stock $1,000,000.00
Surplus 600,000.00
Undivided Profits 128.S59.9S
Deposits" 7,761,221.10
Miscellaneous Liabilities. 6,316.08
ASSETS
Hand and De- ,
With Banks
anrl Tlnnkere $1,168,751.43
Municipal Bonds 198,000.00
Time Loans Upon Collat-
erals 1,833,954.66
Call Loans Upon Collat- .,,,
erals 2,234,636.74
Investment Secur itles,
Bonds, Stocks and
Mortgages 3,378,310.20
Investment Real Estate
(Including Vaults) 663,565.42
Miscellaneous Assets 18,878.69
$9,496,097.14
RICHARD Y. COOK,
President
$9,496,097.14
HOWARD E. YOUNG,
Treasurer
Trust Funds and Investments which are kept entirely separate and apart
from the Assets of the Company $18,454,676.85
UPTOWN OFFICE I 1452 Sooth Fenn Hquarr.
CONDENSED STATEMENT
FIDELITY TRUST COMPANY
PHILADELPHIA
at close of buiineic March 22, 1917. '
I RESOURCES
Caih in Office $1,670,648.08
Cash in Bank 4,789,268.23
Time and Call Loam 1 1,998,687.91
Mortgages 4,893,800.00
Bonds and Stocks 24,859,708.04
Real Estate 870,387.65
Accrued Interest 245,697.37
$49,328,197.28
LIABILITIES
Capital Stock $4,000,000.00
Surplus Fund 12,000,000.00
Undivided Profits 1,407,500.49
Current Income 226,542.86
Miscellaneous 13,514.91
Deposit .31,680,579.02
$49,328,197.28
Amount of Funds Held in Trust $212,007,656 54
WM. P. GEST, GEO. H. KYD,
President Treasurer
The Officers and Directors
announce the removal of the
Franklin National Bank
to the
NEW BANKING HOUSE
on
Chestnut Street West of Broad
OF FICERS
J. R. McALLISTER, President. .
& A HAR.I.S' Jr- Vice-President? j wm happit r. li
B. P. PASSMORE. Vice-President. & IV&SK'iS? Cashier.
Samuel T. Bodine
Henry Tatnall
J. Rutherford McAllister
Frederick L. Baily
Effingham B. Morris
Percy C. Madeira
DIRECTORS
Ellis Pusey Passmore
J. Andrews Harris, Jr.
John Hampton Barnes
Morris L. Clothier
C. S. W. Packard
Charltpn Yarnall
W, W. Atterbury
Edgar C. Felton
Edward F. Bealo
Daniel B. Wentz
Arthur W. Sewall
Joseph Moore. Jr.
Lewis Lillitt
March 24th. 1917
' - ' L
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