i
itP
..
TJwt 5PfM .'TiS4
lrT
CT1
mi'
'jrikSV
&
,-
EVENING mER-P!
mtisjc ..
kr,r ,.- ' -i jh ... ,i-i ,, u, , ,iJ-
WSiWAHXWfiilVAV' 'A'WtW 7, 1917
JUXJL JU.J.A) wj.w"i
vrjw-ii,
f;' f
-, V
Facts
pi..,
:.
l
r
I.
;&
w;
Our recommenda-
tions are based on
, sound business facts.
Facts that are as accur
ate as can be obtained
are essential as a basis.
The careful analysis of
these and experience
and abilityour rec
ommendation. RRPOKESTOKIS ft PCI
lStk&WalmitSt
STOCKS
BONDS
Bought and sold for casta, or car
ried on favorable terms. Private
Vires to all market,
LINDES & COMPANY
Franklin Bank Bid?.
1416-1418 Chestnut St.
BU Phone Sprnca 6S27 OSII
Jane Distance I D. .447
Keystone Use DM
OUN FlINNEY&Co
AUTOMOBILE BANKERS
Offer special facilities for In-
dlvlduals or automobile deal
ers to flnanco the ac'cjulrcmcnt
of pleasuro cars and for
business houses to finance
the acquirement or commer
cial cars or trucks. If you
are thinking of purchasing a
car of any kind for any
purpose the FINNEY SYS
TEM will make a better busi
ness transaction for you.
REAL ESTATE TRUST BUILDING
PHILADfcLPHIA
Charles J. Bender & Co.
INVESTMENT BONDS
llambera PnliJelphla stock Ex:hani
NORTH AMERICAN BLDG.
DIRKCTORY OF ACfO UNTS
Certified Tublle Accountant
LAWKKNOU U. UIIUWN i CO.
1616 REAL. K3TATE TRUST'UUlr.ntvn
fcai XNVESTIOATK AND ADJU8T PAHTNKR.
BHif. jumi au uisruTLD ACCOUNTS
fey"v-
New York Bond Sales
110000 Albany & Suaq 3Vj.
juouuu Ansio-rrencn oa
1)000 Am Korelsn Sec 3s....
8000 Amer Tel clt 4
SBOOO do S .
ItiOOll Atchison sen 4s
000 Atlan Co Line 1st 4a..
oiiuu xsait & unio smb....
With
4J
1(I0'
113'i
DO
li"
WUU UO OS
. 3000 do 4a mTi
H 12000 docv4tts U3I
ft' 1000 II 4 O 1' 1, Et wv 4a 8(l"
if 2000 Halt & O Swn .IS... Kiiu
..nn,. ,..,. ci. . . ...."
uvw ueui fiievi riu ub nil '
vvw itluviMjll u 1 OS,
2000 do Its 11)18
17000 Can Govt 0s 1021..
looo do r,s 1020
lf.000 do (Is 11)31 ......
6000 Cent Pao 1st 4a...
2000 Ches & Ohio conv 0s.
r BOOK Chi ft Alton 3'4a ...
8000 Chi at Western 4a . .
2000 Chf Un Sta 4H ...
7000 Chi 11 & Q tolnt 4i...
lOOil do uen 4a
2000 CMUI ! cv S
1000 do 5s
1000 do cv 4V4
, 800(1 do Ben 4Vin
s "" -" n i r riu 4a,.
KW 1000 Col & South 44a....
p sauwi city or l'arls 6s..,..
iV 1000 Cumberland Tel lis...
18000 Del A Hud conv As...
1000 Den Itlo Qr rfd 3s.
100
1)0
1)8
IIS
87'4
in
no
71
.littH
l)7t.
io3;
loir;
07
loiK
73
83
W5H
101)
103H
3
80!i
88
III)
1)7
nn
7"4
89
K7
oS
HUH
ion.
1)4
Pc ,1!ClX i.,rolt UnlteJ 4a.. 83S
"p.,1. wv, r.ria nnnr .1 . . Nil,
2'aBoauuu irenrn un r.i.
!JV 1B000 Oreat Nor lat 5a
.cuuu jiock vai 4 ft a
'U000 III cent rfd 4
fUin At, ... m..i
f 2000 Tntrh Mt 2u-
17001) Intprli n T r.f a "
K 11000 Inter Mer Slar (la. ... '.
iiiw jap new u n 4n a, , . . .
1000 Kan Cllv Hi r... '.
S.200O Kan City Ter 1st 4s..
wuw i.acKa etieei oa moil..
8000 I.k Bh deb 4a 1028...
200O l.ons Island rfd 4s...
2000 I-orlllard .',
SOOO luls ft Nash 4 a
.5000 Minn ft St L, 5a 8U
'1000 Mo Kan ft T 4Ws... 37V
1B00O Montana I'ower 5s . , UUW
J8000 N V C ft II Us U)8a
13000 do 4V4 s oil
1000 N V City 4 Vis 1004.. 107';
1000 do 4Hi Mny 1857, .1074
8000 N Y CI 11 ft I 4s...:. 84H
100(1 do 5s 103
r,000 N Y Itwy adj 5s 3HV,
r.000 N Y Tol cen 4Ha,... 08.
6000 Norf ft West cvt 4Ha.l27H
luuu lor rac prior li..,,
' 1nnn. .In irin Hn
IS? 12000 Orp Short D ref 4s..
4outi j'aonc lei os
K00O lncini! Qaa 5a
Prtf J18000 Penna Ben 4Hs w t
L' 10000 do ci 4Us
(. 500(1 Readlne gen 4a
Ul tOOOO Iti.n lr ft H Ha
400O st i, I it a 4a....
2000 St I. 18 F alt 6s..
rr2.10K do 4s" Ser A
Kir mt st ij swn Ba
".UUfl Mnnhnap.l A 1. .H Am
S9MCSouth 1'ac 4s
MAO do cv 4a
aaao do cv am
laee South Itwy (en 4a...
do con as ,....,
Twaa Co cv fl.,.,.
I) 8 Rubber U.i
00 17 B Sleel m t 5 10(1
00 Union I'ac 1st 4 1T
ftOOO do rfd 4a DIM
two UK or uui Dtts iuih vuv,
do ots it)iu new.,, KM)
do "Via 1010 Bil'i
do Titfs 1021 ...... 95Vi
- MOO Va Car Chm Os.. .,..100(4
ltioo Va Ilwya Os .! 8H
' DVtni Wlisun vu on. ...... .iu.n
tllHIO W.I T 1st Ctl P 4s.. 37
10Q "West Union 4 its 04H
ME loo
gPT, 40
K'V 220
U3
03 Vi
01T
oT4
01
97i
104H
83
1004
70
08
524
U
70
68
Hli
83S
100V
70VS
1001
104
hi:
8111
i"3
8'i
127
I)l4
00
100 VI
78
r
All
70
08
82
83
100';
70
1N4
104 V.
102
1011
07K
01(4
09 VI
l)9'4
DAK
0.1 H
IDO'4
08
102
Qfltl
'"'79
14
04V
I sale ft.460,000, romprrad with (1,818,.
Saturday! tils week. S20.871.000i last
, U,183.0M.
w " " " """
Fnilurea Decrease for Quarter
nth business contlnuinf remarkably ac-
profltaple, the country's commer-
rUllty remains relatively moderate,
ilea reported to n. o. Dun A Co.
the, flNt quarter of 1917, exclusive
i. and-wner nauciary suspensions.
and supplying liabilities of
ils is the best numerical
ir(od since Ulp, when tBere
ana me sum or money
tfcan In all years back
an Indebtedness for
sartruj;of about ffe.EOO.OOO.
oomraat witu sii7 de-
.OS.7U taat-year: 7216 far
U t ' quarter ot 1915
wmm roori aan 4121
i'A'.rh.
FINANCIAL NEWS
LOSSES OF 1 TO 4 POINTS IN STOCKS '
TAKE PLACE IN WALL STREET TRADING
Market Is Unsettled All Through Short Session Hesita
tion Shown by Those Usually Found on Buying
Side Covering by Short Interests
High Points in Today's Financial News
Stocks showed Iobscb in Wtill Htrect. Those usually on buying side showed
hesitation. Pricen loiver on Curb. New hinh records established by wheat
xn Chicago, May reaching f'J.lJiV. Cotton Exchange not in session. Allied
exchange showed strength in foreign exchange market. New York bank
statement skowed heavy increases in loans, deposits and surplus in average
unu acmai conaiuon. tsar stiver lower in New Xora.
larger.
Week's bank clearings
NEW YORK, April 7.
Although the action of Congress In juiBSlnB tlio war resolution had been n
foregone conclusion from tho beginning of tlio week, the actual proclamation by
the President and tho Initial steps of tho Government In the nature of direct
antagonism brought tho changed conditions so Intensely before the financial
public that security trading was unsettled today.
There was hesitation on the part of thoso usually to be found on the buying
side because of tho lack of knowlodgo us to what scopo tho financial measures of
the Government muy take, and sotno efforts at conjecturo of tho requirements
which will bo mndo on corporations In tho shape of war taxes Induced consider
able liquidation by thoso who have for a long time been confidently bullish In
their stock market position.
Prices of tho general list an a result ylolJed from 1 to 4 points. Many ot
the specialties sustained greater losses, with Bethlehem Steel "B" and Ohio
Cities Gas showing a desertion from tho market of many of the operators who
had been actlvo In forcing violent advances In those Issues in tho lost few
weeks.
About tho only support that the market received during the two hours of
trading came from covering of somo of tlio largo short nccounts. Buying of
this character was most pronounced In United States Htcel common and in a
number of tho war-order shares, which were In supply of concessions of 3
or 4 points. "
Tho half day's trading, however, did not result in much decreaso in the
short Interest, as fresh lines of shorts were continually put out by many of
the bear traders, who had been fighting tho market steadily tor tho last five
months. Today seemed to furnish them with n new opportunity to make nn
effort to retrieve their losses.
United States Steel common Indicated the general character of the market,
that stock selling down to 3's to 109,4 and quickly recovering about 1 point.
Bethlehem Steel "B," which closed on Thursday nt 13G-i. dropped to 128. In
tho late trading a steadier tone developed nil around the room nnd the mnrket
at the close seemed to be approaching nn adjustment to the newly created
situation.
PRICES ARE GENERALLY AT LOWER
LEVELS ON BROAD STREET CURB
NEW YORK, April 7.
There was a general falling off In the way of prices on the Broad Street
Curb today, with the oil stocks pressed for sales at concessions, nnd mining
stocks were nlso under pressure, with nearly nil of theso issues forced to a lower
level. Merrltt Oil, In which theie were tho heaviest transactions, ranged from
241,4 to 22. Barrett Oil sold at 3 to 2?4, Cosdcn Oil nt 11 to 13?;, Federal at 5
to 6Vi and Osago at 8Ti to 8.
In the mining group, Magma was the weakest feature, dropping from 51
to 47, United Verde sold down from 39 to 38, Butte Copper and Zinc declined
from 10 to 9. Mllford, a newcomer on tho Cuili, on transactions of moro than
10,000 shares dropped from 96 to 90c, but lat?r rallied to 93c. Low prices were
established In the Industrial Issues, Submarine dropping from 22 to 21.
Chevrolet sold down from 116 to 114. Aetna Explosives sold nt 4 to 3i, Ameri
can International Corporation yielded from GO to KO and Car Lights old nt
3VJ to 2?i.
Tho movements on the Curb were naturally Influenced by tho -heaviness of
the tone shown In tho trading 011 the Stock Exchnnge, but tho Curb market was
actually In better control nnd the losses wero confined to an unusually small
range.
I.SnUHTUIAI.S
mi.
(18
Thur. Icne
Asked (sale)
Air Reduction
Am. Sumatra 22
Aetna Kxplosles SW
Am Brit Mrf
Am Marconi 2',4
Amer Wilting Paper... .1
Canadian far Co 3
Can Car & Kdy pfd o
Charcoal Iron 7
Chevrolet Motors 110
Cramp o
Curtis Aeroplane 20
Carwen Tool 1- V4
Carbon Steel an
Emerson Phono 0154
Federal Dye 3V4
Haskell & Baker Car ... sovi
llcndee Mfg
Knthodlan Bronze pfd.. 3V4
Lak Torpedo Boat .... ST
Lehigh Coal Sides 00
Lima Loco 87 .
Mrcxlm Munitions 8
Marlln Arms no
71
23
i.k
12
2i
Y.
33
73
S
11(1
00
21
IS 14
01
1014
71
20
13
ion
4014 10
New York Shipbuilding 40
Nor Amer Pap Pulp ...
Otis Elevator 0
Peerless Motor 15
Poole Eng
Pierce Arrow 4
Re.-lden Truck Il'i
Santa Cecilia 20
Santa. Cecilia pref S3
Scrlpps-Booth 2'
S S Krcsge w I 13
Standard Motors 13
Steel Alloys !
Submarine 20
St Joseph Lead 17H
Todd Shipbuilding HO
Triangle Film
United Profit Sharing... .
U S Steamship "Wi
United Motors 3IJV4
United Sugar 339i
World's Film
Wright-Martin Air 1
Zlno Concent 391
HTANOAItt) Oil.
Illinois
Ohio 3K s
Prairie Pipe 2 30
Stand Oil of California. 3H5 303
Stand Oil of New Jersey. 070 SH0
Stand Oil of Now York. 300 305
INIK1'KNIKNT Oil. STOCKS
3 j
I) 't
05
no
03
41
ftli
(II
11
00
43
3V4
20
00
40
13
13Vl
HVi
31
lSVi
8(1
14
0"S.
30 U
30
s
314
314
H4
3i
01
40
8'
Barnett Oil & Gas.
Cosden Oil
Cosden & Co
Elk Basin
Federal Oil
Inter Petrol
Houston Oil
Merrltt Oil
Midwest Ref
Met Petrol
Ohio Fuel
Oklahoma Ref
... 3V4
... 13
. .. 14
... 10V4
... 514
... 1314
... 10V4
... 3314
...130
... 2
...20
... 10
214
13ft
13
II
8
1414
2014
22V4
133
216
2114
10
12
33
1714
"m
0
30 Mi
3014
714
3M
337
380
3
1314
1414
13
894
14
33
134
2
io
IXIirrnSDENT OH. STOCKS Continued
Osage Hominy ...
Rico
Sapulpa Ref
Sequoyah
Stewart
West End O & O.
Illrt
. 314
. 10H1
Thur i loae.
Aakrd. laile)
13
MIXIXO STOCKS
Alaska Standard , . .
Atlanta
Big Ledge
Dullo Copper & Zinc
Butto New York . . .
Cash Boy
Con Ariz
Emma Consolidated
First National
Goldfleld Merger . . .
Goldfield Cons .....
Goldfleld Florence .,
Goldfleld Kewanas .
Green Monster
Hecla Mining
Ho wo Sound
Independence Lead .
Jeromo Verde
Jim Butler
Jumbo Extension . .
McKluley-Darragh ..
Magma Copper
Mother Lode
Mines Co of Ameilca
Neada Hills
Nevada Wonder
Niplsslng
Ray Hercules
San Toy ,
Tonopah Extension
United Verde ,
West End Con
White Oaks ,
White Caps ,
Yerlngton
37
1214
3
0
IV,
8 Mi
Ml
114
214
0
an
17
1
7IJ
0
13
16
72
43
49
47
33
lli
30
114
7Ti
t
14
3,',
38
10
3H
I ft
30
ItAII.ItOADS
Chicago R I
Chicago R I "A"
Chicago R I "B" ...
Western Pacific w I..
Western Pacific pfd
Wabash Pittsburgh . .
37
83
70V4
10
47
20
814
14
10
114
14
30
40
14
014
.
10
Mi
1
214
8
03
36
19
HI
in
014
14
73
43
SI
411
34
314
23
3
8
4
10
3ft
8814
73
Mi
41
S8
83
7114
18
40
31
0
14
1014
114
ft
41
13
3
1014
:i4
10
Ml
Mi
BONDS
American Smelters Es... 00
Atlanta Charlotte 5s ... DO
Bethlehem Es 08
Chill Coppers 100
Cosden Oil 6s 101
Cosden & Co 6a 101
Cudahy Es 09
Erla Es 08
Fronch Municipals 6s... 04
Midvale 6s 03
Russian Government 5s 87
Russian Government 6s 03
Southern Railway Es.... 08
Slncluir Oil Ob 110
Todd Shipbuilding 6s.... 100
Western Pacific Ba 88
N Y State new 4 Vis 105
34
3ft
88
1
39
31
ii
07
07
00
08
101
103
107 101
100
08
05
00
88
00
110
103
89
105 105
100
101 s
08 V
08
05
8814
08
08
RAILROAD EARNINGS
CHICAGO. HURLINCITON AND QUINCY
u" 1017. Increa.
Tf HS.;::: WStf TOSS
MUI8VILI.B AND NASHVILLE
B-.hriiary T0a ,. J5.S44.7H1 t317,00S
February "" .;;;. 1.478.S74 0,11.13
Tin montliav Vroaa .... 11,801.031 1.2A3.10S
Nit ..... " .401.2M 360.033
SOUTHERN, ItAILWAY BrSTEM
Kon'w'ofM.rllg.OJMIS
K&Vuir-i::::::::: 5&S
Mobile and Ohio . ., ,,
Fourth k ot March.. J""
Month ....A. 1,033.103
Krora July 'l. I.:...-. 0-,".05T
Oeorala Southern and Florida
Fojrtb Vk of March. . ,75.233
Month -.. rj'.; J'
Vrom July 1.. -.147. 3I(J
From juif ,OKAND XKUNK
Fourth-week of March.. 1,815,571
OtlEAT NOIITHERN'
&?'' "" ::.::: "MS
TaVi r'niilta' r ?-SXi.X
' ). ROCK ISLAND
1 ', -!... IQ1T I
'.'"'"' ' - . r..-i.
..,,..,. I."1.!
r ' . . j .
i " f . .
;.''
1157.330
507,221
8,780,718
21,311)
13.107
811,000
2.878
1,780
'282,783
223,120
A4,018
130.808
1,023.584
100,103
12
NEW YORK COFFEE MARKET
NEW YORK, April 7. The market for
coffee futures opened firm toda'y at an ad
vance of 10 to 14 points. Trading on the
call was fairly active, with sales amount
ing to 3250 bags. Some of the buying ap
peared to be for Cotton Exchange houses as
well as continued support from outside spec
ulative Interests.
April ....
Ma:y
Juno
July
Auxuat . .
September
October . .
November
December
January ..
February .
March .,.
Did.
Today's
openlnr
Today
. cloaa
8.11
8.21
S.2S
8. 0508.10 8.2
8:2008.25 8i0
.... 8.4
8.4a
8,53
8.50
8.68
8.6008,03 ....
.7.00
8.35
Thuraday's
cloae
T.80OT.83
8.22 T.87
8.20 7.03
8.30 7.00
8.85 8.00
8.41 8.18
8.45 8.1T
8.40 8.23
8,84 8.37
8,00 8.80
8.07 8.42
8.47
P7.88
7.04
8.0(1
8.07
PIU4
S.1H
.23
P8.28
P8.87
8.43
P8.48
DIVIDENDS DECLARED
Weet Penn Traction Company, uaual ou.p.
Urly of lH.1Pr cent on tha preferred loci
payable April 10. .
Wut Penn Railway Company, rerular ouar.
i:ry?t,i.f Jit- rr c,nt on " ".3".
unitM statu RubMr Comptn:
turlv of 9 nar cnt oil tha first
'tvvar.?
y. rerular quar.
New York Stock Sales
Illih.
Ajax Rubber 10
Alaska Old Mine., 8
Alaska Juneau ... 7 "
Allls-Chalmcrs Co.. 20
Am Agr Chem ... 80
Am Beet Sugar ,. 05
Am Can 47
Am Car & Fdy... 07
Am Cotton Oil ... 40
Am Kxpress 115
Am Hide & I.cath. 14
do pref ....... flii
Am Ice Sec 27
Am Linseed lo'.i.
ao pref
Am I.oco
Am Mnlt
do 1st pref . ...
Am Smolt
Am Steoi Fdy...
Am Sugar
do pfd f
Am-Tcl & Tel...
Am Tobacco ....
Am Wool
Am 55lnc ft Lead.
Anaconda
Atchison
Atlantic C L...
Atl QUIf & W I
do pref C24
Baldwin I.oco Co. . sn
Baltl & Ohio ., 77
do pref 73
Barrett Co Ill
Bethlehem Steel.. . 133
do B 133
Brklyn Rap Tran.07
Butte A Kpr Cpr.. 41
Cal Petroleum ... 22
do pref 52
Canada K( Ithern. 100
Central Leather ,. 80
do pref . . .
Cerro de Pasco
Chesa & Ohio 30
Chic Great West. 12
Chlo M & St P .. 80
Chic & Northwest 114
Chlh Copper 23
Chlno Con Cop ... S3
Col Fuel & Iron.
Col Gas & Klec.
Cont Can
Corn Products .
Crucible Steel . .
Cuban Am Sugar. 100
Cuban Canu Sug.. 43
do pref ....
Vel &liml
Dome Mines . .
Distil S:m r . .
Drlggs-Seabury
Krle
do 1st pfd . .
do 2d pfd . .
Gen lClectrlc . .
Gen Motors . . .
do pfd
Goodrich II F .
Grcnt Northn pr.112
Gt North .Ore subs 32
Greeno Can ("op.. 42
Gulf Stnto Steel.. I ID
Insplr Copper ... 57 "i
Interbor-Cons Cor. 12
Net
I.ow. Cloae. ehse.
70
8
0
20
88
02
45
00
40
115
13
04
27
III
8'!
07
13
01
09
00
1 1 1 Vi
no
32
08
13
03
101
00
111
110
124 123 123 1
207 207 207 2
31 40 30 I'i
31 33 33 2
81 78 70 2
102 101 10! "
111 111 114 I
70 1
8
7
20
88 1
01 1
40 ll'
00 1
40 1
113 3
14
01
27
10
32
07 1
13
03 1
00 'i
no
in
no
nil i
02
37K. 1
10 1
73 ...
Ill I
133 1
128 H
07
41 Ma
52
130 IflO
80 87 2
113 113 113
30 30 30
68 58 V
12 12
80 80 1
113 113
22 21
61 51 2
4HIC 48 V
107 101
02
57
76
73
111'
135
128
07
41
nt
52
48
41
01
23
00
, 00
.130
. 17
. 17
. 78
. 27
, 30
. 32
.103
42
01
23
03
mil
n
00
132
17
10
70
20
30
32
II I
1)1
23
01 2
11)0 .'....
IPfc 1
0(1
-2!'
2i
131
17 V,
17 1
78 -t 3
201& Id
39 I
32 14
do pr
Int Mer Marine
do pref ....
Internl Paper .
Int Nickel . . .
Iowa Central .
Jewell Tea . .
Kelly Springfield.. 58
Keimcott Cpr ... 41
Lack -Steel 81
Lehigh Valley . . . 05
Louis & Nash 120
01 102 1
114 113 114 1
88 88 88
53 52 li 63 Vt
12 112
3(1 3()1' 1
12 12
17 .-.
50
12 ,
01
30 1
81 21!,
38 1
1
1
03
32
87
38
42 ',4
3
02
Max Motor
do 1st pr ...
May Dept Stores
Mex Petrol . . .
Miami Con Cop
Midvale Steel . .
Mo, Kan & Tex.
Mo Pac w I
do prof w I. . .
Nat Biscuit 113
Nat Cloak & Suit. 80
Nat Knal U Stpd. 3
. . . 30
.132
. 4
. 07
Nat Lead
do pref
Nev Con Cpr . .
N Y Air Brake
.V Y Central... .
N Y N il & H .
Norf & West . .
North Pac
Ohio Fuel
Ohio Gas
do rights
Owens Bot
Pacific Malt 22
Penna R R 53
Peo Gas & C 01
Pero Marq w i... 241h 24
Phlla Co 30 30
Pitts Coal ctfs ... 43 43
Press Stl Car pref . 10! 102
Pullman Pal Car 100 100
Ry Steel Spring . 40 40
Ray Con Copper. 30 20
Reading 04 -
Rep Iron & Steel 70 70
117
SI)
12
61
30 Vt
83
38
41 12
3 3
Oi 02
57 57 2
13 14 li.
80 80 2
03 03
128 128 3
5' 32 I
03 OK 1
01 02
81 80 2
40 41
58 38 1
7 7
29 20
38 38
113 113 1
80 80 . . .
33 33 1,
34 33 1
.110 110 110 1
. 23 22 22 2
,112 110 .110 2
. 04 03 03
. 41 43 44 ... .
.128 128 1281a 1
. 103 104 101
. 50 50 60 ...
124 128 1
I 4
1)7 07 1
21
52
no
(18
02
80
41
SO
7
20
38
53 ...
00 3
21 I
30
43 1
102
160
10 2
21)
03 2
78 "4 1
do pref
Royal Dutch 01
St L S F 19
St L & Southwest 30
102 102 102 !'
Sinclair Oil 50
Seaboard A li.... 14
do pref 32
Sears Roebuck ..187
Shattuck Ariz .... 25
Stoss-Sheff S & 1.. 01
do pref 03
South P-elfic . .... 04
South R '. 27
do pref 30
Studebaker 04
Stutz Motors 45
Tenn Cop & Chem. 10
Texas & Pac 15
Texas Company ..218
Tobacco Prod .... 65
Trans & Williams 41
Un Bag & Pap new 1 1
Union Pacific .... 137
United Clg Stores, 100 100
United Drug 75 75
01
10 i,
28 1
65 !(,
11
32
185 2
25
01
OS s
04
27
30 1
03 1
45 1
10
13
213 217 31
53 55
44 Y.
11
135 135 2
100
73
01
10
28
31
14
32
185
25
58
93
03
20
60
1)2
45
15
15
44
11
United Fruit ... I30!i 138 138 2
U S C Ir Pipe & Fp 10 10 19
do pref 35 55 55 3
U S Ind Alcohol.. 121 118 120 2
U S Rubber 57 68 50
do 1st pref ....108 108 108
V S Smelt & Ref.. 60 68 58 1
do pref
U S Steel
do pref
Utah Copper ..
Va Iron C & C
Wabash
do pref A
do pref B
10 40 40
.112 109 110 2
.118 117 117
.112 110 112
..88 05 07 2
. 11 11 11
, 40 4 48
24 34 24
Wells Fargo Ex ..100 100 100
West Maryland ..21
West Union Tel... 00
WeBtinghouse Mfg 50
Woolworth 138
do pref 125
Wheel & L E, ... 15
W&LEpref 80
White Motors ... 48
Willys Overland.. 32
do pref 90
Wis Central 80
Wilson Co 12
do pref 104
21
95
48
138
125
14
30
41
32
00
40
60
21 T- 9i
95
40
138
125 ,1
15
30 1
41
32
06 1
50 2
71 3
102 10214 2
Total aalec, 041,800 aharea, compared nllh
282,000 aharea laat Saturday I Ihla week 3.854.
800 ahareti laat week, 3,315,000 ehuree.
LOCAL MINING STOCKS
TONOPAH 8T0CK8
Did.
.07
.1A
.13
.20
.15
.35
MacNamara -..,
Midway
Mlipah Kitenalon ...
Montana .,
North Slar
Rescue Kula ,
aOLDFIEliD STOCKS
Atlanta .13
Hlua Hull 03
Ilooth , .00
Comb Frac t , 04
Illamf II. U , .03
Dalay .-... oa
Oro . .02
Sand Ken ,. .. ,04
Sliver Pick 15
MISCELLANEOUS
Arliona United .., , , .00
Tecopa Wining ,..., 17
Aaked.
.OS
.25
.1(1
,27
.14
.04
.11
.00
.05
,1)5
.04
,03
.10
.55
.20
Cotton Statistic! '
NEW TORK. April T. The.atutlatlcal poai
tlon Of cotton li as follow',.
Thla Laat . jt-
yUJWa .. , wjk .,tjt --'yaajr
...... t.fia.fjpo r.jj,m,
Saks in Philadelphia
Net
Cloae. (-hire.
03
27 H
04
20 Vi
20 ,
79 1
03
23
63
31' Vt
32
28
30
93 1
0
13
81
llfxh. Lor.
183 Klec Stor. . 03 03
10 Krle 37 27
2 Gen Asp pf 01 01
100 Ins Co N A 20 30
1)93 Lk.SupCrp 20 19
335 Leh Nav. . 80 79
20 Leh Valley 05 05
180 Nov Cons. 23 23
471 Penna It R 63 63
235 PhlU Co.. 37 37
300 Phlla Kleu 32 32
333 PRT tr Cfs 28 28
60 lt.fy Cons. 30 30
14 Heading... 91 03
200 Ton Mill.. 0 0
393 Union Trac 13 13
! I'n ll Imn. 81 87
1577 V S Steel. 112 109 110 2
109 WN Y& P 22 22 a-
0.1 WinCinnip 80 89 89
10 Voik Ry pf 38 38 38
Totnl unlc. 11.007 hares, .compared Jlh
03.10 almrcM lnt Siitiiriliui thla eek, 03..09
Miill-eM Mat ureli, 72,539 ll.irea.
1IONDS Net
lliiin, Low. Close, insc
2000 Leu Vnl en
Pis '03 09 09
3!000 Penna Co
gen I 'is. 07 1)7
lono Phlla Co en
f,rf 91 91 01
1000 do 1st Cs 102 10i 101
nooo Piiii.i nice
new is . 102
lono Wclob&ch
Co 5s. , 08 118 08
09
97
l()l 10114
lotiil v.ilc, Slfl.OOi). iiimnnrcil va I la 1.1.000
l.il viturilnjl thl-i rck, S.inil.ooOi l.it week,
S.ml.(M)l).
Local-Bid and Asked J
Hid.
Todny
Iirlll. J (l
Huff i'ui, t c. . . .
tin pref t i
IlnMulli
Klrttrl' SlnitiKO . . . .
(it'll Anph ill
ilo ir t
Ketnn( Ti'lrphdiip.
L.tUi' Sup Curp . . . .
I.einlKh Nhv
(..liluli nll.- .. . .
l.i'lilih Vnl Trim...
do pirf
IVniiHlvinlu
1'hll.i r.leitriV
rniia en
(U
r, 1
r,7
C.2'j
L'l
III
12'4
!''?
is',
itr.i
J.-.4
tr.
53
32 'i
:in
do 5 ivr n-nt pref. 35
do (I li(r innt lirof ,
PhlH Hup T t v. . . ,
Heading
Ton HMimmt
Ton Minim;
l'nlnn Trm tlon . . . ,
r 11 1
r s Hti.i
York It.illniiy .
il,i pmf . ,
Van Camp t c
.Ill
2HU
IIS'i
4'i
US
4'1
H7
inn,
37 1 2
Aik
Ill
r,
1. .14
211
en
21)
hi)
111'.
2H
III
r,:i'i
3JS
:i7
.17
:in'i
2H
4 A
ll".
S7'j
lln'i
1.1'a
SH
Thursday
Hid
25
ll.'l
r.i
.Vt'i
i;:i
21
nt
v.".
-iii,
si 1
n-.'j
211
4T,
r.:t3.
:u'i
:ni'
:ii
:ui
21',
11 r.
i'i
114
1:1
NT'i
113'i
ir.
.1-4
h!)4
A sit.
2!)
Ill
r.r.
,-,'lSi
111
211
1,11
134
2l)'a
Sll4
(111
J4
1114
MS
32
374
S7
411
'js
9.V4
4 A
1P4
13'
S7
113'i
154
."IS
HI)
PHILADELPHIA
MARKETS
GRAIN AND FLOUIl
WHEAT IteielplH, 131.300 bushels. Specula
tion In alt luimo Kraln ci-uti-ra wi attunely
liulllli ami price haw advameil 5r. Quota
tion. Car lots. In export elevator No. 2 red.
spot, $2 21)2.2.-1, No 2 syutln ril red, $2 lhil
2 23, steamer No 2 led. J2.UHU 2.JI, No. ,'l red,
12 HIH'-'L'l, li'Jcitcd A. 12.121)2 17, rcjtllud II.
K (It'll J U
ruHN Hi'iclpts, 7101 Im.sliilH. OftrrliiKs wero
IlKtit and priies ndwmied tic under a fair de
mand. (Juutattnns. far lots fur local trade,
as to location Western No 3 ello, $l.l,-i(ri
1 11. western No. I ellow, $1 13ft 1.4 1, western
No. 5 jclluw, il.llill 12. soutnern No. 3 el
luw Jl 13 tl I 13.
OATS IteielptK, 1(1,973 bushels. The market
ruled linn 11111I nlKhrr under light nfferlnus
(Quotations No 2 white. 7(K( i7 . atnmlard
wnlle. M 1 7liv , No. 3 while, 74M7.1CJ No. 4
ivl.lte. 730C ill. simple ctals. 7ll$f71l.
ri.oril llvtidpls. 13.-,l) bbK nnd 1.80,2,479
lbs. In s.uks Tiu' marl et ruled firm and high
er In sMupatliy with the snarp advauie In
white, hut trade was iiulet Quotations, per
lint lbs in v ood (cotton or Jute sacks about 25c
less). Winter, str.llsllt, $11 7.1 W 10, Kansas,
ileal'. J'.i 7.', 1 111. .lu. Kti nlKlit . Jill 2.1(. 10.511;
do, luleiit. tin r,n '11 HI 75, sprliiK llrst. denr.
$'l .luifi 111. d... patent. Jill 2.-ii ln.il.-i. do, faorlte
briiuds, llltili .',0, ilty mills, chulce and fancy
palriii. $11 Hi 11 ,-,i.
I'.Yi: I'l.oi'lt was s, me nnd Site per ton
lilubei Ve iiuoto $'.) (1 l).r0 per bid, na to
uuallly.
PROVISIONS
Tht inarKft rulril firm, hut .im.ini S
only moderatp Qitotiitlonif follow Ciiv beef. In
nets, fiiiokfil nnd alrilrktl, .Mr western beef. In
setw, smoUcil, IMp; i-ity berf, knuckles nnd tend
pre, smoked nnd nlr-drlfd nric. western beef,
KiiurKlfs and tc nti ., smokpcl rt."( bi pf bums
taX.!:1. uork, rnmiir 94U.A0&41; bams, s p
HirM. I UO Mr 2Jtj ffl) :((.; flo. FkinilPd, 10030. J.t'i W
"Ir, do, nklnnrd. nrnokod. JP fiLTic, other hums.
Finokpil city cured, un to brnnd and nveraee.
l,l'l!414c h.iniR, smoked western currd, 114
-4',ii , boiled, bunekfls, 37!ic; picnic ehouldrs,
S l cured, loose, 18'ic; an, amokd, lOHc;
brlllfaa. In pltklr, nrcordlns to itveiae, loose.
irOi1, fci akfust lurnu. as to brand and average,
tlty Jircd, "7'ifC, breakfast ttaeon, western
cured, -7ic, lard, weHlern. rellnvd, tierces, L'L'c;
do. western, rellned. tubs. L'L'c; lard, puro city,
kettle rendered. In tierces. T2ct do. do. In
tubs. 2..C.
REFINED SUGARS
The market was quiet but llrm. HeHnera"
list prlres nn extra flno srnr.ulated. 7.2Sc;
powdered. 7 3."e; confectioners', 7.15c; soft
crudee. 0 50JC7 lCc.
DAIRY PRODUCTS
lll'TTKIt Tho market ruled firm under light
offerliiHs. but wholesale trndo. as usual on the
last day of th.i week, was iiulet The rnio
tations were us fullnws: Western, fresh, solid
packed creamery, fancy specials, 47c; extra.
15V4ilc; extrn firsts. 43041c: tirsts. 42W42V4c:
scionds, 404u41c, nenrby prints, fancy. 48c; do,
aeraen extrn, 4.rii4llcj flrals. 42W44c; sec
onds. 4I)Cji41u, special fancy brands of prints
lobbliiB at .'ilW.'ilc.
KIU1S Tin' market ruled llrm with demand
falrlv mine The quotations uro ns follows:
Ninrby llrsis. 110.05 per case; nearby current
lecelpls, $1) no per case; wtslern extra Ihsts.
$1(1.0.1 per ase; do, firsts, Jp.un per caBe: fancy
selectid i.indkd eggs wero Jobbing- at 37iP3oc
per dozen, 1
OlIIIHSU fancy good ruled firm under aenre
Ity. quotations follow: Now York, full cream,
fancy, held. 2tc: specials, higher, do, do, fair
n Good, held, 27l27Vic; do. part skims, 14(3)
POULTRY
I.lVi: The market wns quiet on account ot
the Jewish holiday nnd showed no quotable
ihange Quotations; Fowls, as to quality, 24 (d
2.V, staggy roosters, lSW2uc; old loosters, HI
17c; sprlne chickens, soft mented, 24 025c:
ducks uh to slzo and quality, 12'U,21e, pigeons,
old per inilr, L'S&ilUc; do, )oung, per pair,
20 0 2.1c.
DHUSSHI) was well cleaned up nnd (Inn
The quotations aro na follows: Fresh-killed
dry-packed fowls. 12 to box dry-picked, fancy
selected, 2ilHc; do, weighing 41a lbs. nnd oer
nplece 211c, do, do. 3 lbs. apiece, 2.1c; do,
do, 3 lbs, apiece. 23024c. Fowls, In bbls,, fancy,
dry.plelced. welgnlnic 4'4 lbs. and oer apiece,
-He; do. do, smaller slsen. 21W.'5c; old roost
ers, dry-picked. 20c; roaatlng chickens, west
ern, dry-pleked. In boxea. weighing 8010 lba.
per pair, 25020c: do, western, In boxea. weigh
ing 7 lba. per pair, 23024; do, do. In bbls
welching 8010 lbs. per pair,
weignins ( ids. per pair.
tc: do. rift. An
1022c; broiling
chickens, western, In boxes, weighing 304 lba.
per pair. 2.1020c: chickens, weighing 003 lba
per pelr, 21024c; do, mixed alzea. 18020c!
-luii,,.. ..in,, ,,,ai, o.vajt uo. otn.r near.
I- Mf ali.l.lt.rr 111 titi. IK- 4f,a Zr7
-W..v, ,, w,w, o-wa.it:, uo. otnar n
by, weighing Hi 02 lbs. apiece, 30032c:
keja. per lb Fancy nearby, 32033c: do.
ern, 32033c: ralr to good. 30031c: old Tc
"i?.auc' . m.monJ.Bi.w.-7Si ouabi. per dozen
White, weighing 11 9 12 lba, per oWn, 14.500
J.75; do. welshing 8010 lba. per dozen $3.75
79
FRESH FRUITS
The general market waa quiet nnd without
Important rhnnire. Ountnllnn.. ..i,u"i
bbl. Uen navla. $3 504: Haldwln.N1i.i7 tla
laws.nui Clmmlng;. No. 1,
1: do. ungraded. 33.l
$4.R0: do, ungraded. $304.
ntun i,ii; ao, ungraae
$4.50D0: do. ungraded
northweatern. per box-:
ai.aiiw.'. iemona, per box.
d. $304: W neaap. No 1
led $2.6003 5(1. P' Apple.
: Fancy. $202.50: cho"
per box, $304. 6rangea
VEGETABLES
Demand waa only moderate, but valuea wera
eadliy held on choice atock. Tho quota!
New York, choice, per bushel, I2.B0- Mln
choice, per buahel. $2.2502.60; Veit?rn oleS'
l.nu. Whltn ivi(Btna nam liln.i 7'T"
rel. 110018. Bweet'potatoea. Kaatlrn Rh,i'
per Parrel No. 1. $2.5004; No. 2. $1 BOOS
Sweet potatoea, Delaware and Maryland nee
hamper No. 1. $1.7502 No. a, ll.SSSl SK
NO. 1. tl
100-lb. bag-
ISOl.onNo: OO0'5'c.,,'ornO4nrp
; No. 1. yellow. $7.5008,50. Cali
per basket
. Onlona, p,
8.50. C?
.00: do, d
Norfolk, p,
nr i . rr iyi .M7i .ou.
(.uiuiuncr. wiiiurnit pr craie, tl.riO02 jLt
nice, riuriutt. uniy, Wf WWl, HWfli do. do.
Ni
CuUflower. California, pe
llisa Illnpir1z fni rtmt.mt
-"S.86.0, nn, Klor-
&..,i!.?.a.,:. .
Florida, per box.' Io7.28. Squish 8-15?'
PJf B-TB02.25.U.aa' Flo?"..1 .0rp.'.
SJa l2.8- Tomatoes, Florida, per irate, iifi
7.B0. Asparagua. southern, Per dozen, bgncheeZ
Coloaaal. $7l fancy. $4.BO6i choice, Iii4
Uuabrooma. per .b. baakM, lt,40j"V8
K.J-"
LOCAL STOCK MARKET SHOWS MORE V
ACTIVITY, BUT I'KIUIUS AKJjJ LOWl
-t
Street Gives Attention to Changed Conditions as
Result of War Declaration Majority of
Trading in Steel Common
Thoso Interested In Flock mnrket nnd
financial nffnrn Kenernlly cntno downtown
tills morning ronllzltiR Hint with tlio nctlinl
rntrnnco of tlio United States Into tho l.uro
licnn wnr thcro would ho much In tho wny
of rcndJiiEtmcnt of IhliiRS lo tho new con
ditions With thin In mind It was not ex
pected that ery much would ho dono In tho
wny of market movements on tho Stock Vx
chance, and In thin no olio was disap
pointed ns tho turnover In tho abbreviated
session wns small Indeed. Yet there was
sotno Improvement In tho amount of trad
ing ns compared with prcWous dnys of tho
week.
Tho larger amount of trading wns
brought nbout at the cxpenso of prices,
however, nil nt tho stocks coming out on
tho tapo showing losseB ns compared with
the final figure of Thursday. The largest
trading took place In United States Steel
common, nnd It had lost more than tJ
imlnis ncroio me cnu or the llrst hour s
tho low incro was somo recocry befor.ii
close, hut nil of the loss wnii ml relif
cr
'ounenJ
All through tho Street iheen ,.."'"".')
It ilnrtfiin tt nntmiiiH,nn .... a .. '
This ncrvnnSiU
lain degree of nervousness, nnd this i
wns to ho expected with the nctual nlunJi
of tho country Into wnr. This nerL...
wns shown In tho mnrket movements. ?j
of the changes so far as. the dltlnctli,2i
stocks were concerned wero tomI "
ma jot Ity of them being below n half L...
,..u niu.1 .....o ,uil KVKK was Uv,J
Superior Corporation, more than 700 irsl!!'
of this Issue changing hands durlnr iv
first hour. The stock opened nt tr.'
V point, nnd this wns extended anotk.!'
fraction hofnrn tlio oml nf i, ...""'
Philadelphia llapld Transit trust certlfleT'
lost u point, while Union Traction Wi.
unchnnged. M
NEW YORK DANK STATEMENT
Big Increases in Average and Actual
Loans, Deposits nnd Surplus
Xi:V YOItK. April 7. The New York
bank htniement this week shows big in
creases In the neragc and nctual loans, de
mand deposits nnd time deposits, and a.
heay expansion In tho surplus In both
lKll.lKU.OOO
28.1 IK. i'"
4118.88 1.000
Increase.,
$42,8.15,000
71,3113,1100
U.7I1II.000
1. 111.0110
14,010,000
233,558,000 21,015,000
cases,
Details follow:
AVKRACIK
r,oan, $3,03I),2O4.0(l()
Net demand deposit. 3.723.552.0(1(1
Net tlmo deposit. . .
circulation . . . . . .
llesepo. nv.n nulis.
Ileserve, IVder.tl He
servo banks
Ilescne other de
poults AcstrcRiite resero . .
Ilesero required . . .
e '. .'. : iV.V-ii .J,..,I..
Tut wiutn iii,,oiii'" r.vv..
AitrUAI.
liMlia . ..$3.(102,20(1 0(H)
Net demand deposit 3.7ft.-.O02.orm
Net time deposit,...
Circulation
U(3ire. own vaults
Iteserc. Iederal lie
sen e bunks
Heserc, other deposi
taries Acifii Ciito resero . .
Itiserto reuulred ...
iilp.lllia .
'."-' .. ;i:'.1-.-o ,,,-.,: ;!
Hit IMllCU WU.OiIOiVWW is ritv.iv.
Iicrrase.
OUT.SIDi; HANIC 8TATKMKNT
Loa'trlmestments. .. i.S0."JJ W.-JAJ'iuu
currcn'iy b.inW notes .llia-joo '."p.JiJ
Deposits Ml.UfJS.SOO O.aBB.IHHI
llcserve on deposit.. 13l,3!)3..00 l!.S.i.U0U
l'erccnt.igo of reserve. 211.2; increase, i.
THUST COMPANIES
Loans Investments. ,.1, 802,13(,30(l 20.343.800
cjol.I 1(",(I,7.1II.1IIH1 1141,1101)
curreniy bank bills. 1(1,201.1100 'HfliU!!
Deposits 2,272.7111.30(1 3B.lllt.80l)
Reserve oil deposit.. 433,174.800 4.44U.1UO
1'eiiontaEo of reserve. 20; decrease, . 1.
STATU HANK ..Nil THUSr COMPANIES NOT
Itia-OUTINI. TO 1'I.UARINU HOL'Si:
Loins Investments .. 7R!l,7.".,800 J12,illt.4H0
Hold (18.311(1.100 283.00
Currency bank notes 1li,li2il.(li() 14H.ini)
Total deposits.. . . l.(lJI,ll.S,7no 20,147. "OO
Net deposit 843.30 ).80(l 17,187,1)01)
Iteserve on deposits 2.'i7,4O4,40O 2,177,200
Penentaco of reserve. 32.3, decrease, .1.
f, 1,090.000
7lil,48-',00()
(I42,8'.)1),2IH)
1 48.532.7 JU
111(1.701.0110
. . 28,(1110,00(1
t502.311.000
230.048000
39,281.000
812.340. 000
1148,9111,0111
111.1.378.11(11)
l.Oflfl.OOO
3l!.hK3.lnU
12.111)7,1)30
23,783.030
$49, 983,000
tlll.11113,000
14.730,9V
(11.0,"
28,388.000
37,990.000
vl, 33.1,000
7,711.(nil
17.1139.11111
111.771.810
CLEARINGS EXI'AND AGAIN
Total for Week Is 20.7 Per Cent Above
Same Period of 1916
There was a further expansion of bank
clearings during tho week ended today. Tho
total throughout the country was, $6,015,
47C.30&, against $5,246, 739, DS4 last week,
nnd $4,984,408,418 tho corresponding week
of last year.
Details follow:
1017 mm P.U.
New York $3,030,370,810 $2,314,233,123 21.7
ChlcnRo .. 4111,343.913 .100,331.11111 30.0
J'niladelptiu .Mn,iN',4ti
Iloiton . 2IS.7nn.MtS
Knnsns City ll2.472.l)u!l
St. Louis . 120,00(1,000
San I'ranciisco 71. 704, 103
PlttsburKh 32.787,(103
..etrolt .. 42.3111,1)82
. altlmore . .18.230,04 4
New Orleans 41,BT3,bSl
218,010,772 8,1
1118,31111,311 .- 22.8
R2, 8(17, 037' --112.7
81,427,411) - 49.1
32,244,023 -- 37.3
30,lllll.lll -- 3.7
30,047,381 -- 41 0
33,401. 1)83 4- 8.0
2.1.703,333 74.4
Illoven cities
five das $1,437,230,188 $3,5HO,, 58, 037 24.0
I'ltlts
da
(112,441,429 515.497,627 18 8
Other cttUs
five
Total all cities
five days $3,049,677,617 $4,070,256,264 23.9
All cities
ono day . 905,'r98.782 908,212.151 6.3
Total all cities
for week $6,015,470,309 $4,084,408,418
This s ear's total partly estimated.
:0.7
Local Reserve Bank Stntement
Tho condition of the Federal Ttesere
Hank of Philadelphia nt tho close of busi
ness on April 4 compares as follows with
tho previous week:
ItESOURCES
April 4 March 30"
uoiusotu ana certificates
In alu $22,019,970 $21.0(15,303
fluid settlement fund bal. 20,320.000 14,255.000
Gold redemption fund.... 250,000 250.01)0
Total eold reserve.... 42,789,070 38,370,305
I.etral tender notes, sll- ,
er, etc 250,060 198,881
Total reserve 48,040,63(1 38,7611,180
Hills discounted members 1,110,255 1,087,208
Ullls bouRht In nnen mar.
Il.lllt),D49 11,110,643
11,729,804 12.203,832
l.nVn'.iioii
1,377,786
liet
Total bills on hand
IT. S. bonds ,
II. S. Treasury notes
Municipal warrants,.
4.049.2(10
2,548,000
1,501,453
Total earnlnR assets.. .$20,831,518 $15,380,639
Due from other Federal
reserve hanks (net) 1,464.429
Uncollected Item 19,830.237 17,3117 003
Alt other resources 141,990 79 78
Total resource $83,864,403 $73,290,088
LIABILITIES
Capital paid in $5,239,050 $5,239,(150
Government deposits,.., 8,241,571 1.748 "85
Duo to members reserve
account B0.702.750 48.949,433
TIncollected Item 18,340,088 15.350 780
Federal Iteaerve notes
net .................. 2,959,675 1.821.020
Due to other Federal re
serve, banka net...... 1,187,191
All other liabilities. . .. . . 172.981 152,8i7
Total liabilities $83,864,408 $7.1.290.088
MONEY-LENDING RATES
riIIt,ADKLriIIA Call, 3 ',4 per cent.
Time, 4,.a5 per cent. Commercial paper,
three to six months, 4V44i per cent.
BANK CLEARINGS '
.PMll5-cJSa.ri1,,lt.".,oday compared -with corre
sponding day last two years: .
SEtf0", v.. ..83 225.400 $89,496,503 $2.l!343.l70
Philadelphia. 07.207.118 30,048.207 23 951.108
New York... 352,636.620 604,639,856 BMloos
FOREIGN EXCHANGE
NEW YOHK, April 7. There was little
business In foreign exchango this morning,
but the Allied groups showed decided
strength. An exception was an easier tend
ency In Swiss exchange. Sterling rose to
the high level of this movement and good
gains were established In francs, lire and
rubles.
Quotations were:
Demand sterling 4.76, cables 4.75W
sixty-day bills nominally 4.72 M, ninety-day
bills, 4,70. '
Frano cables 5.6814, checks B'.69V4,
Lire cables 7.07, checks 7.0J.
Swiss cables 5.05, checks 6.06.
Guilder cables 40, checks 40 1-16
Ruble cables 28.85, checks 38.75.
Fesetas cables 29.80, checks 29.70.
Copenhagen cables 28.80, checks 28,70.
NEW YORK BUTTER AND EGGS
.NEW. YORK. April 7 nUTTEnn.celni.
KOaS Receipts. 26.024 cases Marlt.i ...i
Extraa. .MSLftoci atoTast i "r'Vlc: reVu,'.:
flrrta. 32H OSSHoi oeconda. 81032c? whit, at
O87oi brown. a3085Uc: mixed. 3314 aljic
LIVE STOCK QUOTATIONS
CHICAGO. April T. HOOB Itecelota lnnn
head. Market atrotw, Bo.Mtntr. Mii '.22
butcher.. $15.8015: rood hiavV, lis rrSaiV.
rputh Heavy, il5,lolir.ai llsht. iu'oaViif IS
.im!ffl.5"itittMiib". r.'
plas.
p.buiU
trrtl
WrTF.AT HOF.S TH KQim
" -w j.v pc.LHVi fl
BUTDKOPSALITTLfe
War Declaration Had Been Dis-'j
counteau. s. Keport ShowB
Crop Below Normal
WKATILUR CONDITIONS
cnled the follovvlni conditions! mornlnr. inU.
rnnndlnn Northuest
Northwest
-Middle) Uest .......
Tr,?,p.i.
..ftn n -V?,
xpepn. 42
cienr no
r!
K
InnVr Mi..i,.Vii.M .'.-.li-r ?"r "8
It
21
28
I
42
0!e.SE
iito rolloulni; nrrelnltnllon (In i.w .
;vns reported: .oi nt Toledo li nt Ah.5,)
ff.?! : t ..Viet eland" f.m- A t tJl"-
at oSa!S.PM C"y- '10 u lTl
CHICAGO, April' 7. There was a wi.?J
stanllal jump In wheat prices todav. Xl'1
lowing tho publication of tlio Government'!
report on the condition of tho crop, showlnt
that It was much below normal,
May soared to ?2.14'.J. a gain of 111
cents over Thursday's closing price and
ended at 12.1 2. the dccllno resulting from
prollt-laklng. July sold up to J1.88B, u
against ii.. jiA at tho end of the day before
estetdav. nml Stontnml,- ,ivnnn . . ..
as compared with l.Glv4 at tho last close. '
There was a steady and firm tone at the '
opening, Slay starting at $2.07 to J2.06U .
an advance of c; July at $1.75 U to J1.7s'
n drop of Ue, nnd September at $1.81 .
to $l.C0'i, a loss of ic. V
.Somo attention was elen in the s...
hy the Government authorities to Increase 3
iiiu utiraso oi an grain, uut more especl-
ally wheat, but leading authorities main. '
tain that this country would' have to raise v
at least 20,000,000 bushels additional wheat '
this year over 101C In order to make un "
the world's deficiency. ,
A cable iccelved by tho Broomhall Agency "
direct from its rentCRentntKn In t), a..
tlno Republic Bald, that reports had been !'
uiii'uiiueu mere irom n very conservative
source Indicating that the Giivornmenf ,ni
make n ruling permitting the shipment of j
wiiciii purcnaseu ueiorc tho recent decree
was promulgated nnd added that there
a pionaointy or tnis bringing In a fair ex- '
portable balance. .
Tho declaiatlon of war ncailnst nn, ,1
traders believe, has been discounted, but
neveithcless prices eased after tho opening s
tlio leport issued by tho Dennrtmennr
of Agriculture placed tho nvcrago condition'
of winter wheat on April 1 nt 03.4 ner cent s
of a normal, against 85.7 per cent on De- "'
cember 1 last and 78.3 per cent April 1,V
iyio ami o. per cent, tlio average conalVi
tlon for last ten years April 1. Tho lndl-!J
cited yield of white? wheat Is 430,000,000 i
bushels against 481,744,000 in 1916 and 3
673,947,000 In 1915. A
The average condition of tjo on April ft)
i was Bo.u per cent or a normal, against
88. S per cent December 1 last.
Tho receipts at Minneapolis and Duluth J
today wero i2l cars, against 330 cars; at
IVInMlnow OEM ,. , ., .m.v.1... a.I ...t... ,41
,, .....,,r.r,. -.- v...-.( l.u,ll,Lli;u llllll 11. flv?
cars: at Chicago. 61 cars, contrasted with W
17G cars. 'vi
Coin started firm, advancing U',ie, mk
,,i,,i u,,c,o iiii, ,i i ttiiu v lull iy huuu ue- i-
mand. The recipts hero today wero Jll J
cars.
A slightly easier tendency was dlsplajed j
In oats, Initial declines of (?,& belhg ;
established. Tho receipts hero today were :
157 cars. -:
Leading futures raneed as follows:
. Thursday's I
whent.. Open High Low Close Cloie '
.ay.,, -,.ii to ..ji'4 -.ijva -.I-' -.nn Tt.
.lllH". 1 711 1 HGA- 111. t bUL. 1 1L M'
aeptember., 1.(11 1.75 l.tlil' l!75' ,i v
i-orn inevvr aeuvery
liny 1.28U 1.32U 1.20T4 1,314 1.2JH
July 1.2II4 I..11Va 1.23 l.ai'.J 1.25
iaepieilioer. . 1,:1 l.ail l.-'a 1.211 1.241
Oats
04 ; 00'; (13 on. 64'
llll IH'J 111 (ll1 111
1
May
July
September.
Lard
May July
September,
Itlbs
May.
July.
September.
I'C
M
54H .',8U 54'.
ork-
May...
Julv. . .
Bid.
21.20
21. 43
21.35
10.20
111.8.1
111.55
... 30.05
. . 3n.no
tAsked.
21.30 21.1.1 21.20 t20.8S
21.02 21.4.1 21.4.1 21.10
21.57 21.50 t21.65 21.17
10.5.11 10.10 10..13 IS.S.I
lll.S.V 10.20, 10.80 tl0.05
10.87 10.53 10.87 10.17
37.1.1 30. 10 t37.1.1 3.1.90
30.73 30.25 30.75 35.10
Financial Briefs
m
Tho regular meeting of tho Philadelphia fl
wnapter or the American Institute of nann.
Inc will 'be held next Wrlrinv pvpnlnir In th
chapter's rooms in the Hornor Building, jl
-renin ana chestnut streets. Michael vo.
rlzas. of the Oprm.nntnwn Aondemv. will
speak on "The Balkan Situation as a Back- "
ground to the European War.'" Nomina
tions will be made at the meeting for mem
bers of the Board of Governors and deli
gates to tjie Denver conventlon.-
rne gross earnings of the Standard oat tl
and Electric Company for the, year ended "J
17.h.,,n... ID ..... .IT r. .Oft i - m
'u.uu,jr mo nviu fll,uil,ia9, mi JIlLlcaov vt
$1,709,111 over'the previous fiscal year. The
net Increased $669,972 to $8,405,866. v
Net earnings of the Ingersoll-Itand Com
pany for the year ended December 31 wer
$7,925,156, ns compared with $5,459,884
tho previous year.
The IjOndnn Rtoole -p.Tnbnne-A nnrl thft NevT
York Cotton Exchange were not in session 1
loaay.
Commercial failures this week In the
United States were 241. against 279 Ut
week, 294 tho preceding "week an' 342 In
the corresponding week last year. Failures
in Canada numbered 16. against 23 last
week, 26 In the preceding week and 35 last tl
year. t
Directors of Chicago Railways announce Jl
that the full annual Interest of 4 per cent JJj
on the $2,500,000 adlustment income bonds
will be paid May 1 from earnings of flscal "J
year ended January 31, 1917. ' 81
The New York Stib-Treasury lost $10.-
Ale nn, .n .u- i l. , M
910,000 iu ilia umino caieruay.
The Babcock & Wilcox Company has de-M
clared a dividend at a rate of 8 per cent
per annum, payamo in rour Quarterly insiau-,t
ments, beginning with Julv. 1917. JM
The stock list committee of the PhlIJ
aeipnia BtocK uxenange has this day au-j
muted to the unlisted department of in
Exchange, Fidelity Trust Company wM
rants lor .-whole and -fractional shares
stockholders', as registered Anrll 2. The
x, r wi
'"- 4" A
siocKnomers, as regiiterea Apr
will be. quoted 9n t.he tape