T917 M)ELPffl " ih Bfi tit n ' '' I M v.. (. m: fyA, ft tfr fii. ' V Ptf ' a Wf Chesapeake & Ohio Railway Co. Equipment Trust Notes Series "R" ,' (Philadelphia Plan) $189,000 Due Scmi-Annually November 1st and May 1st 1917 to 1927 Prices to yield about 4.65 Full particulate on requeat. The National City Company 1421 Chestnut St., Philadelphia Mew Totk Chicago Ban Fraadsco Bottoa . Pittsburgh '' Ti f - & Ti The Popularity of Public Utility Investments is the result of the nu merous and exacting tests they have beep subjected to during good and bad business conditions. The stability, market and liberal yield of Public Utility invest ments justify the ever increasing confidence placed in them by con servative investors. Write for circular No. 2515-A, which describes a selected list of twelve Public Utility securities. WilliamF .Bonbright& Co.Jnc I TaffaDttfC UIOTtn I.TtfMI'll I. ma llnH.Ma 437 Chestnut St., Philadelphia UOtlUD Vw Vnalr Lonaon William P. Bonbrlcht & Co. IUImII Tarla DonbrlEht & Co. Olun FunneyCtCo AUTOMOBILE BANKERS Offer special facilities for In dividuals or automobile deal ers to finance the acquirement of pleasure cars and for business houses to finance the acquirement of commer cial cars or trucks. If you are thinking of purchasing a car of any kind for any purpose the FINNEY SYS TEM will make a. better bust ness transaction for you. FEAL CSTATE -TRUST BUILDINC PHILADELPHIA II v fc w; u City of Kdmonton (Canada) 5. 1031 lltr of Kdmonton K'unnda) Oh. mil Cllr at Illnckfoot. Idaho. Ox. 1917-20 Midland Valley . It. Co. 1st St. 1013 (hlraso tlreat M cirri) lit. Co. tut 4. 1050 New Orleans Termlnil Itwj. lit 4s. 11)33 Southern Indiana Kw. ( u. 1st 4s, 1031 Georcla Rwy. A Tonrr ( o. 1st On. 1011 Tuscaloosa Bwy. A Utilities to. 1st ba. lain D. Lupton's Bona Co. 7 Ifd. Cum. (luar. Dlv. Free of Tax Circulars and prices on application Morris Brothers Co. Estabtlahed 1803 1421 Chestnut Street W. i- Tfls tv L A WHEAT- Future values (nw crop) rill be governed largely by growing conditions from now on. Write (or our Dally Grain Lattar. E. E. Delp Grain Co. 453 Bourse, Phila. Private wires all Grain Market Members Cblcaco Board Trad . THE HAVILANDARHSTRONG COMPANY ' STOCKS BONDS 1418 WALNUT ST. PHILADELPHIA NEW YORK -BOSTON eSTABUSHID 190 DIVIDENDS tXOlOU VALLEV RAILROAD COMPANY rnuaaeipma. ijarcn 21. J17. The Board of Directors of the Lehlch Valley Railroad Company have this day declared a 7ivrrt;rlr dividend of two and one-half per cent or $1.23 pr share) on Its preferred stock to uarterly dividend of stockholders tt record, a or ti ar rer Buyable Anril 14. la . ', Checks will t mailed. ,eV. ?J r-r - X- March 31. 1017 ".-. X' wo una one-nan and per cent or ft 1.25 Mr ah A re) nn lla rnmmnn mtnfU ti Ti-trrr.a z. ". "i z ----.:-."' ;-.x,'v,r ? sssncsinDuiarBi ni rs-c-nrn- niirrn n i iui m a..kl. aJ1 iotli ' ' - i PfutT record, 1017 both C. J. KULP. Treasurer. v' 4M r T i,-i aaaUtttKT STREET TIT IX AND TRUST COM- rAja. d tv. ior osu anasarKec Dta. I 11. 11T. per cent on the o noyemoer atockholdara is April 14. CJIASE. , PhlUdelphla. March .' The Board of Directors has this l 2 , fa semiannual dividend of three per t Py 1 capital which was paid In prior to ',' .1 (je; 1618. payable Uar t. 1017. to si a -A'f record at the close of business 9 , ,, .1917. REOINALD R CJ PIRBCTOaY OP ACCQUNTB CsrtlSW PuMle Aeeountanta WRENCB E. DROWN A CO. L-L. lUIXATG TKUHT UU1LDINO lOATK AND ADJUST PARTNER. OINT AMD DIBPUTBD ACCOUNT. utGAt. 'AnVEBTlHKMENTH fiTATX Or HABY MUIX1N (HUIXKN) isaasd T ntti ra of admlnlatration cum sneatq annszo oo ths above estate havlns v&xtaA to ths undaralaned. all rjeraona stad to tha aald estate are requested to wain, ana inose navinc claims to it Uf sautM. without Jelar, to , i WILLIAJI j. iiurxiN. i- BIT Dalv at. . 'HKBfer- Ssafsr Future Rise Atraln YORK. April 11 At the start to- ruuirso rwramaai virutaiiya.ii or r h- r SiHUi'AM al, Aall wilu MfAfl Whi Pn v w.a H.-.nrT.. v V .wilu tranaactiorHi A l4lmr-Wll awr, FINANCIAL NEWS MANY CROSS MOVEMENTS IN PRICES MARK WALL STREET STOCK TRADING Changes in Nearly All Cases Are to Higher Levels Lead ing Issues Absorbed by Important Interests. Strong Tone Late in Day High Points in Today's Financial News Constant variation in price viorcmrnln on New York Stock Exchannc. Stocks gcncraUu higher at close. Financial district waitinn for Government bond issue. Wheat soared to new high record today, M-ij 7 caching $2.25. Cotton closed loiver. New York hanks lost $52,8(ll,7lT on movements of money ifi week ending yesterday. Mote gold sent to Japan and Spain. Price of bar silver lower. NIJW VOIUC, April 13. The stock market showed LniiHtnnt wiilutlon in tone with many eiois moc mciits In pilcei nil through tho day, hut the Impoitnnt changes that lcsultcd from the day's operations wore In nearly nil lmioh to mnterlnl higher flgurci, This icsult reflected tho continued nbborptlon of le.idlng stocks bv somo Inipoi taut Interests that liao on piovlotis occasions been identified with vigorous upward movements. This buying waH moit pionoimced In Rcmllng, which lose to nboe 97, making n gain of nearly 3 points. Union Pacific was another strong feature, moving up n. point on moderate transactions. Tho Industrials wero generally strong, with United States Steel common moving up T4 to llf7, nnd although It leaded more than 1 point during tho afternoon, It quickly moved back to 111!. Tho Marine stocks hhowed strength nt the stnrt, but tho gains which weio miido nt tho opening weio wiped out In the last half of tho day. Texas Company was one of tho stiongest features, advancing more tlinn 5 points, nnd wns followed by Meknn Pell oleum, which moved up 3 points. Tho motor stocks wore ng.iln under picssuie, with Studclukcr offered down from 95 Jo below !:!. The majority of Issues In the Into trading showed a stiong tone, but nttneks by tho loom tiadcrs (omtnlttcd to tho bear sldo continued up to tho end of tho day, causing constant lcccsslons nfter ccry upturn. Little clso wns spoken of In tho 'Wall street district etept tho Ciovcinmcnt bond wile. Expectation of tho offering being heavily nci subset ibed constituted tho basis for most of tho confldcnco In tegnrd to the market outlook, nnd was a factor in causing substantial ndvnnccs In foreign shnrt-lcim notes. Tho bond market continued to wait for dellnlto action in legard to tho Government flnnnclng, but whllo railroad bonds generally were o.ulet, there were largo transactions In foreign Government Issues. United Kingdom 3 and G J car notes moed up 1 point, nnd, according to Institution experts who decide on investments, those notes which arc still selling In letum n leld of 0 per cent will quickly go to below it f per cent basis. CURB TRADING SHOWS DISPOSITION TO WAIT FOR SALE OF WAR BONDS NEW YOniC, April 13. The Broad Stieot Curb market gao tho clearest indications of tho manner in which business Is being lestrlcted because of tho disposition to wall for the Government bond Ihsuc. That market Is without tiadlng element on either side. Changes In prices In Cuib stocks generally determined by special reasons and well-founded outside Interest. Public nttcntion is gradually being devoted to new gioups of( stocks This was to bo expected after tho recent mniket leaders weto transferred to tho big board. Tho stock of Everett, Heany & Co. demonstiatcd the way In which new stocks may como into prominence That company handles purely commercial business, with expoits nnd Imports going to and coming from nearly nil paits of the world, and in 1910 its net sales weio more than $5,000,000. Thus far In 1917 Its business Is far ahead of the preceding ear, and the fact that it has not dealt In war supplies has a good deal to do with making It a popul.tr issue. Authorized statements nio made that it will be put on a 10 per cent divi dend basis on July 1. Sales of stock were mndo today at 21 xh and 21U. Standatd Motois was activo and bttotifr, advancing fiom 13 (p 14Vj, and some of tho oil stocks wero In brisk demand, with Midwest lleunlng advancing from 13.' n 14.1. Houston Oil lose from 22 to 23, and Menltt advanced from 23 to 23t. IMlUrVntlAI.H nid XVm lnae Asked (ale) Air Reduction Am Stores Am Sumatra Aetna Explosives .... Amcrlcan-Urltisu Mfg . Ameilcan Marconi .... American Writ Paper. . Canadian Car Co . Can Car & Kdy pref. Charcoal Iron Chevrolet Motois ... Cramp Curtlss Aeroplane . . . Carvven Tool Carbon Steel Emerson Phonograph . . Federal Dyo Haskell & Marker Car . Hciulee Mfg Kathodlou Bronze pref. Lake Torp IJoat Lima Loco Maxim Munitions Marlln Arms . . N Y Shipbuilding Nor Ainer Paper Pulp Otis Elevator Peerless Motor Poole Engineering Pierce Arrow Redden Truck Santa Cecilia do pref Scrlpps Booth S S Kresge w I Standard Motors Steel Allojs Submarine St Joseph Lead Todd Shipbuilding Trianglo Film United Profit Sharing .. U S Steamship United Motors United Sugar World's Film Wright-Martin Air Zinc Concent STANDARD OIL Illinois Hi 22H Ohio 3.in si i Prairie Pipe aos 303 Stand Oil of California S7H 283 Stand Oil of New Jersey 047 ail Stand Oil of New York .388 20i INDEPKNDKNT OIL STOCKS 70 72 Ml 7IU .Ifl'i 37 37 V j:i S.IV4 -3 3 .114 -K. H HV4 .. ! 2T I I V4 30 31 70 7(1 . . 7 7V. .. 11(1 12(1 110 80 DO 1!) 21 20 ll4 Mil 8 J 8(1 !V4 10 III II) so 14 1014 any, .11) 3.1 2Vi 314 . 8'4 I) 8J'l SO (18 fi7V4 214 34 2i 87 8') 57 V4 lo t; .-.'i, rt 5 01) 02 .. 14 17 80 00 .. II) 13 10 20 20 2 n- 8 20 40 UVi 14 14 UK 1314 7T, 8 7 2214 2314 22 1714 18 80 85. 114 114 174 14 .. BV4 n4 HY 31 3V 35"4 30 3(1 li 3014 ')i 7 714 .. 24 314 3 Barnett Oil & Gas Cosden OH Cosdcn & Co Elk Basin Federal OH Inter Petrol Houston Oil 2'K 13 isr. 0 144 2214 Merrltt Oil 3314 2V 13 1414 11 014 14T4 23 2314 2 13V ioii SYi 154 80 23 lMi:ri:.M)i:NT Oil. STOCKS Continued VrH rlop Midwest Rcf .. Met Petrol ... Ohio Fuel .... Oklahoma Rcf Usage Hominy Itlco Sapulpa Ref . . .Sequel, -ill . ... West End O .1 lid Asked (inlc) 40 113 131 .", 214 10 21) 10 10 10 Ji. 8T !)lH HTH ( 10 m 15 MINIMI STOCKS Alaska Standard Atlanta Big Ledge Blsbeo Copper (a pros) , . Butto Coppei & Zinc... Butto New Yoi k , Cashboy Con Atlz i Emma Consolidated First National Goldileld Merger GoldllelJ Cons Goldileld Florence Goldileld Kcuanas . ... Green Monster llccl.i Mining Howe Sound Independence Lead . ... Jerome Vei do Jim Butler Jumbo Extension McKlnley-Darragh Magma Copper Mother Lode Magnet Cup Mines Co of America . . Nevada Hills Nev nda Wondei Nlplsslng il'l II .1 h 1) i 7 IU I ',4 ., II (III 2 I 10 W. "h 0 li 1'4 70 30 4(1 40 3.1 71 n. 20 14 7 V. lii'4 I 4 18 II I l 3', I 11 8 l' 111 2 8 (11 :so pi i 7U 0 7.1 II no 40 :n 70 2 8 t 10 3 38 70 I It'. 40 Ray Hercules 3)i San Toy 14 Tonopah Extension 3 United Verde 37 West End Con 01 White Oaks 1 White Caps l Ycrlngton 38 noxns American Smelters 6s... oo oo Atlanta Charlotte 6s .... 08 08?', Bethlehem 6s 08 08 Chill coppers 100 lony, Cosden OH 6s loo 101 Cosden & Co Cs .101 101 Cudahy 6s 08 08 Erlo 6s 08 08 French Municipals 6s.., 00 00 New York State 4s 105 losy, Russian Government 614s 86 87 Russian Goxernment 6s 03 04 Southern Railway Es.... 08 08 Sinclair OH Gs llo 110 Todd Shipbuilding 6s ...100 102 Kill I 14 II 11 13 i o 0 17 41 4'j 31 70 3 'A 'sft 0.1 "ir". 30 00 08 08 00 87 04 DECLARE SPECIAL DIVIDENDS IJOSTON, April 13, Acushnet Mills- have declared a 6 per cent dividend from sur plus, payable to stockholders of record March 12. This will Increase capital from $1,000,000 to $1.500,000. The Hatcaway Manufacturing Company declared a 100 per cent stock dividend, pay able to shareholders of record March 1Q. Capital Is thereby Increased from $800,000 to $1,600,000, NEW YORK. April 13. The, American Glue Company has declared an extra dlvl-' dend of $2 per share on the common stock, also the regular semiannual dividend of $3 per' share. Dividends are payable May 1 to stock of record April 'it. Common stock transfer books will close April 21 and re open May 3. The new Nlquero Sugar Company has declared an extra dividend of 10 per cent on the preferred stock, and an ectra dlvl dend Df 10 per cent on the common stock, both payable April 18 to stock of record April 1. GOVERNMENT BONDS Bid. Askad. ,,) ti 91 3a reslstered 1080 cDtwon luau..... ,,...,,, ..,,.. OS .. rsursd 11.,.-.., 100!i .. ....i DIVIDENDS DECLARED Oermanlown Trust Company, recular semi annual of 6 per cent, payable May 1 to stock of record April 24. The directors added 100,000 to the surplus, maklns that fund tl.000,000. Philadelphia Warehouslne and Cold Storacs Company, 3 per cent, payable May 1 to stock of record April 18. American Window Glass Machine Company, 12 per cent on Ita preferred stock, payable April 27. German-American Title and Trust Company, regular semiannual of 3 per cent, payable April 21 to stock of record April 12. Bryn Mawr Trust Company, regular semi annual of 4 per cent, payable May I to stock of record April 23. Reserve Banks' Discount Rates Over 10 up to 80 8Vi Boston ,..,... New York Philadelphia ., Cleveland .... Richmond . , , Atlanta .,..,. Chlcaao ...... Ht. Loul Mlnneapolla , Kahaaa City.,. Dallas Ban Francisco, 10 or less 3 3 8V4 lis 8 4W ' 3 Agrlcul. Over 00 Roaton n New York...., 8,. Philadelphia .. 414 Cleveland . ... 11, Richmond .... 4V4 Atlanta ...... 4 Chicago ..,.,,, 5 iOius , in LP ,, o -r , Over SO Over 00 up to uo up to HI 4 4 a a a ! I 9 ,H 81s 4 Hi Trade acceptances Corn Up to 60 Up to, po modify :g 4 ! Sji StfA 8H I1 V 1 L New York Stock Sales Acmo Tea ..,, Adv Rutncly, , . do pref AJnx Rubber . , Alaska Old M.. Ant Agr Chein. do pref Am Cnn ..v... do pref Net High. Low. Close, chiie. 55 18 31 71 8 03 5.1 10 .10 71 7 1)0 5.1 10"! 2 .11 -f-2 71 8 02".4 2 III Ut 1 12.1 121 5(1 5(1 07 07 .13 ', 31 (10 00 t 80 80 103 lOJ'C. 08y, 1)8 .. 10 in 107 III 5iy 701i 131 10 107 01 51 75 i:u -I 128 12.17', 120 07 7 (17 123 124 11 llli 21 22 11.0 102 2 80 87 -I- .121 . 41 f 2 101 87 .31 00 23 1 2 3 - ; V i 100 100 100 40 11 40 loot; loni'i ioo 2 Am car & Fdry Co 07 oo on do pref no 110 ll" Am Cotton OH . . 1.1 41 4.1 1 Am Hide & L pref fl.1 fl.i fl.l 1 Am Linseed ...... 20 20 50 do pref 5.1 55 51 Am Locomotive... 084 OS 08 On Am Malt ma, 11 1.1 lo Pref 01 01 01 Am Smelting ....loiai 101 101 do pref 11.1 112 111 - Am Steel Fdry .. oo 50 50 1 Am Sugar 112 Am Tel & Tel .. 121 Am Wool no do pref 07 Am Zinc & Lead. . 31 do pref no 1 Anaconda flOi Atchison 103 do plot 08 Atl Blrm & Ml... lfl Atl Gulf & W I. llo (Id pref 01 Bald Loco Co .... 55 Halt . Ohio .... 77 Beth Steel 131 do II Hi 00k Rap Tr . HuriiM Bros Butto & Sup Cop. Cnl Petroleum . . Canadhn Pacific Central Leather . I'CIKI ill) P.1FCO . Cliesa. K Ohio ('111 .v Alton pief Chi Gt Western pr 31 I'lll .M & Kt P. . 81 Chi & Northwest 115 C 11 I , P 2d pief 17 Chill Copper . . . 22' t'hlno Con Cpr . 55 I 01 Kuel ,v lion Col Gas & Elec. Col & South. . Cimsol Gas Coin 1'iodiu'ts . i'micIIiIo Sleel Cuba C.ino Sugar llecio Co prof , Del , Hudson . n L A. W Homo Mines . . Dlslilleis Sccur . iHlRKs-Seahuiy . II S S i At .... i:r" do 1st pref . . . do 2d pref . . . Gen Eire Co Gen Motors .... Goodrich II 1' .. Gicut Noith pfd Gt Nor O10 sub's Gulf State Steel Illinois Cent . . lilt Agilcul . . 18 do pfd . 17 Inspltutlon Cop . 57 lut ct li Cons Coip 12 do pfd . . 01 lilt Harv of N .1 .118 Int Hatv Coip SIT lilt Mor Matlne :n do pief . , 88 if. Intend Paper :m do pref c t 07 Int Nickel . . 12 J', Kim City South 23 Kennccott Cop . 41 Laik Steel .. 8(1 , Lake Erie k W . 10 li Lehigh Valley. .. fll'j, Long Island ... 42 Looso Wll Bis Co. 23 Loilllard P pr. . .!() Manhat El . . . I2.t Max Motor . 52 do 1st pief .... 00 May Dept Stores.. 50), Mcx Pctiol 80 Miami Con Cop. .. 43 Minn & St L new. 21 18 11 27 117 21 0 1 10 ' 118 111 10 80 114 28), i'H ,15 48 1 HI 27 .1 11 .11 01) (HIT, 2.1', 23 31 .11 80 80 111 115 10 17 22 22 51 17 tl 31 110 110), 2.1 23T. n (13?!, 0 1 15 1.1 f- !)8 08 133 !() 123 3.10 330 220 15 10 '(, 80 1 27 J, II .11 1111 f- )i -! - - (. -I - 31 108 111 I I I . 32 12!) .1 HI )h 81) 1 28 13 f-1 31 4 M, 101 1 110 111 2 .10 50 1 110 111 32 33 120 UO 1 101 101 104 1", in r.o 12 (ti 110 70 :u 80 35 !)7 41 23", 43 8 1 10), 04 42 120 123 50 00 .10 80 11 2(1 17 i). 17 3 57 13 01 1 1I7'4 1 80 331', "', 81. 30 07 12 22), II 81 10), 01 U "1 1 I- )'. M4 1 i 1 1 120 133 ni 1 0(1 n 88 3 II Jl 109 108 137 127 50 7 10 11 .10 .14 10 11 30 , 50 88 7 10 10 30 58 101 '4 101 mi'.. 3.1 .11 311, 22 17 0.1 4.1 1.11 01 4.1 17 04 45 111 1.11 00 00 101 103 101 0 8 )', II 40 )i 497 131 H 1.12 23 3 00 M S P K. S St M do pr . Midvalo Steil ... Mo, Kan ,t Tex... do pr Mo Pacific ctfs . do vv I do pief w I Mont Power Nat Enatn & Stpd Nevada Con Cop New O Tex & Mex New York Cent N Y N 11 it 11 . Notf .V: West . Noith American Northern Pacific Ont.ulo Silver . Ohio Fuel . .. Ohio Gas Pacific Mall ... Pan Am Pet nref. 00 11 Penn R R 53' 53 Peo Gas & C 00 01 Pero Maiq w I,... 2.1 Pitts & West .... 22 do pief .1,1 Pitts Coal ctfs . 43 Pressed Steel Car. 7.1 Pullman Pal Car 158 Rvvj Steel Spring Ray Con Cop Reading do 2d pfd .... Rep Ir & Stl.... Royal Dutch .... St L & S V .... do pfd St L & S W .... Sinclair Oil Seaboard A L ... Sears Roebuck . . Shattuck Ariz . Sloss-Shcft Stl&Ir 55 Southern Pacific. 95 Southern R R... 28 do pref . . .58 Studebaker 04 Tcnn Cop & Chem 17 Texas & Pacific . . 17 Texas Company.. 210 Third Avo R R . 38 Tob Products ... 5.1 Un Bag & Pap new 94 Union Pacific ...138 137 do pref 81 81 20 100 50 1 " I 'h -I 11 1 li 1 1 ).o 114 2.1 21 84 4 2 75 40 . 30 . 07 . 42 . 80 . 01 . 20 . 34 . 31 . 58 . 1.1 .183 25 51 13 7.1 158 1.18 48 40 4!iy, 132 2.1 IK)',' 5.1 00 -f. 14 21 31 4- 20 04 42 79 1 10 32 30 8574 14 183 2574 8474 04 27 50 01 18 17 30 00 r- 2" 42 80 01 20 34 '4 1 30 2 67 1 18 183 25 85 05 28 57 1 03 171 17 1 17 200 214 8 38 54 04 .18 1 54 V 91 138 Ti 81 Va Car Chem do pref Va Iron C & C Wabash A do pref A 60 do pref B 28 West Maryland .. 21 do 2d pref 3874 West Un Tel 98 Westlngh Air Br. 60 Woolvvorth 137 Worth P & Mach. 25 Wheel & L E 1774 1 United Clg St 101 101 101 y United Drug ... 75 75 7.1 74 United Fruit ....141 140 140 U S Ind Alcohol. 110 114 11574 U S Rubber .... 88 57 57 1 U S Smelt & Ref. 88 88 88 . ... do pref 60 60 80 U S Steel 11274 1114 112 do pref 117 117 117 Utah Copper 11074 110 110 -f y, 4374 4174 43 108 108 108 70 60 60 12 1174 13 4074 2474 21 38 06 49 130 25 17 do pref 37 37 Willys Overland .. 32 3174' do pref 00 00 Wilson Co ..!..., 77 76 ,yt 4974 25 1 21 3874 06 49 137 25 1 17 37 1 32 06 .1 77 74 Ex dividend American Beet Kuear, 2: Phila delphia Company, : clranby Mining;. 2)4 1 Vlr KlnU. Carolina Chemical. 1 International Nickel preferred, lis 1 International Nickel vreferred ct.. 1H. Total sales. 497 800 shares. -umir-d l"i 032,400 shares yrsterdayi thus far this week, 8.105 000 shares) sum period last week, 3.2U7, 000 shares. ' Offer to Buy Bank's Assets riTTSBURail, April 13. An offer of $1,226,000 for all remaining assets of the Pittsburgh Bank for Savings has been made by S. W. Swabey, of Chicago; John W, McKlnnon, of New Jvork,. and 8. H, Put nam, 01 .Pittsburgh. JtM possible itecelver u.,h. uetty will accapvtne ow, Sales in Philadelphia J 2 17 60 30 38 6 160 102 110 10 .11 148 .10 II 300 1287 10 131 215 21 2111 4080 25 Hlsh, Acme Tea, 81 74 Am Gas ..118 Am Smelt. 101 Bald Loco. 64 lUSIc, 02 do pfd , . 6.1 Con Gas. .110 Lk Sup C. 20 Leh Valley fl.17i Nev Cons. 22 Norrlsfn .14 7 Pcnna R U 63 Pa. Salt M. 937', Phlla Co cum pref so Phlla Elec. .12 PUT tr cfs .10 Ray Cons. 30 Reading .. 07 Ton Bel ... 4 Un 'tract. . 4.1 Un (Jus lln 80 t'S Sleol.,112 Voik Ry pr .17 Low. 8471 118 101 81 01 6.1 110 10 07 22 11.1 81 0371 .19 32 28 30 00 1 42 8.1 Net Close, chge. 5171 118 1 101 8471 02 63 110 20 0571 22 145 63 0371 i .10 32 30 30 07 4 4.1 81 111 112 3J 37 2 2 1 Inttil nlr. 7.107 Minrea, compared with 8112 shore Jc.criliis I thus fur this wer,k, 62,221 lutrrt Mine period lint week 62,212 hnre.i. BONDS Net High. Low. Clo'o. chKC. sooo Am Gas & Elec 6s.. 90 1)0 90 4- 5000 City Is '40 cp 101 10174 101 6000 Elec Peo Tr 4s .. 82 82 82 3000 Lehigh Val gen Is. . 89 89 80 14 3000 Lehigh Val Coal Cs.. 10171 101 10171 1000 do ens Cs. lo) ino 109 2000 Leh Val Tr 1st 63 . . 03 03 0.! 3000 Pcnna Co gon 4 14s w I .... 07 07 07 3000 do cons 414s ...101 101 104 7000 Pa & Md Stl 6s . ,100 100 ion 1000 Peoples Pass to Is 87 81 81 Iiooo Phlla Elec new Cs .1017', 101 101 ,1000 Reading Term 6sll2 112 112 2000 Un Rwy Inv Gs.. 09 co 09 Tnlnl snles, $80,100, romnirril with $130,520 jcterilijt thus fur IIiIh week, 5127,02111 miiio period laal week, S12,ll)(). Local Bid and Asked I rtaldulu Ilrlll J (1 Ilulf & Hu'n t r tlo pri.f t c ,..i- r"iui.iK (imeril Asphalt .... un pre 1 IrMtotu. '1 rl I.iiso .sup Corp Liblith Nnv I.ihluh Val I.elilsli Vnl Trans... In tin f . 1'hlli r.liu" l'lilln. en ilo 5 rr cent pref. do 11 per tont pref Phllii It T t c ... . Ilendlnir Ion JMmont Ton Alining Union Traction .... IT (1 I IT S Mccl York ltv do pref . .. Wm Cramp t c ... . . i:x dividend T01I.1 IJI.I A5l.nl , r.i r.vi 21 1"! IIJ III 52 5 1 III . '.I , 21 . 1,1 . I2'a , JO , 7sl, , (!". 21'i . r,t r. 1 32 .11 , ."i" is , 2'l , !"IT , l' , 12'-, M' 112 , I Is, , 17 ' SI Yea Hid r.i'4 112V1 2 1 1,1 Urdu ,Fhed 2' I 1,1 51 III 2.1 I I 211'. I'll r.1'1 :c-" in .17 no 20'. II7N i. i.'j I I Sll 112'. If.', 3S ss 12Vj 1 I 211 '.(I's 7S', 7'! l.l'j I"' 2'.'i Hi IVj III .11 .ll'i .12 12's ST, Ill's 11 .17 IS 30 2S 21'i Ill's 91 I'S IV, (IV. l,'4 I2C, 4 I M'i SO IIP. 111. I I '4 1-1 's 37 IS S7 SS New York Bond Sales HlRh 1(114 HI IIS Il'l', 101 S'l II2S IIJ'4 Il'l ss 12. 1111 mi vi 4 S7'J O'l'it llh'j !iss; 17', lilt 127 S2 M 'Ml', .III' I 'l '1111, S2 IIIs. 71'. !ll 1112 S2 'IS', 7s Low 1014 11IN n7'4 ii'i'I 1111 S'l', 112". 112 lis'a ss I2' mi's mi ii'i Sll ii'ii lis' 1114 ll'l'a H'l. IIS 1IMI4 7'i'i llll '3 1,2 inn', inv, inn 1)1 1(12 nn (17 in' 724 mi US', s"4 92. 1124 Ml 111 31 nn' inn 7H)4 1117 nn", vi si liu 'i 17 1)7 111 ill' 1 Oil's SI 111,4 117' 111 IIIs 1114 nn) inn1 on 119 11)014 nn 67 mii ln7. m'i in2 on inn ini II Vi t 00 inn on 87 1 'is'i 117 11)1 12(.' S2 SI IHI'a .111', I, I 11. S2 14 74', IIIs, 1(12 S2 ns'i 7S 2'4 nv; 1114 mi', 11 lis 10014 Close 1(114 l'la lis i'H, nn S'l II2J, 12'. I'l ss 112 lnt'4 III! IM4 Sll Il'l', llh'j ns 117', 1111 127 , SJ 8.1 mi' .10' nn nn? R2 l'4J, 744 nt 1112 S2 ns'J 70. nn 11.14 nil's li'ia 118 10114 I'M TI' nii'5 1014 112 inn 1111s, inn 11 102 nn hO'l 01' 724 10(1 its', K-.'i nj 02'4 iniii nn? inn ma, 102 on 117 01' 724 mi IIRU s-,4 02'. n2(4 121000 Ainer Agr deli 5s , I.210IIII AllKln-rrench 5s iniioo Am l'orelgn Sec 5s h'liifn Ainer Tel 5s L'nnii do ivt 44b .10110 Amcr Writ 1'iip .' 14111111 Armour Cn 44 m I iiiniil Atchison gen la llinim Il.ilt Ohio 5s 51 nil do la -nun do 1 v 14 s . 11)1111 Baldwin Loco 5a liiiiii Itrndpn Copper lis lnnnn ltrook Ilnp Tr 5a IMS 71MI11 lluali '1 1 1 in UliU Is 6111 n Can Com 5m 1H2I mini do 1h l'l-'il liniin do is inn 41100 (il Oua S. lllco 5s 1000 Cent Lenlhei 1st 5s 1 iiiini I'lilll Connor 7s r.nno dies t Ohio cv 14 b MUX) ill) 14 a, , 71(nm do conv 5s 4111111 ( 'hi H 1: ist III la r.iinii riii tit vBt is 1170011 Chl II H Q iru la 2111111 Chl II A- 111 34 a 21100 do la 11)1111 ('III lnd & West 4a , 1.10IHI Chl M & Ht V Is 1021 L'llliD do tonv 5s lflf.ll ('111 HUP 4s 3111111 I'lnv Mi Line 14 a mini I'ol Industrial 5a .limn i'ol Midland (t 4a 212unn City of Paris Ha Union Con (Sua 1011V lis Innn Culnn Am Sucnr na .11)1)11 Cumberland Tel 5s llinnon Corn Prud Co 11)11 ,1s soon Del & Hud tonv 5s lllpll Den & Hlo Or 4s 2(11)11 D-l IMis 1st 5m Hill) 400(1 Dla Secui Corn 6s OS'iniiii I'rineli Itepubllc 54 a icon den Khe 5s 31001) Ureal Klllla Power 1000 III Steel 14 s 201)1111 In, Ilium Steel ,1a .1110(1 Iowa Cent 5s J'inon Intern Met 44 a 2H000 Inter Mer Mar (Is , , limn K C I I Si M l IHinn Lai kit Steel ,1s 102.1 200011 do 5 1010 , innn Lk shore mn ,14s, 4nni) do Is 102S innn Louis & Nnah 4s booo 11 m P t 8 a M 4i . 1(1000 Midvalo riteel 5s 2nno Mo Kan & T ext 5a 7501) Mont Toner 5s,, lnnnn Nat Tube 5a , inno N Y C-M C col 34 s . 15100(1 N Y C & II (la , lOOOO do 4s . . , f.oiio do 44s innn N Y O JI & P 4s inon do 5s , 51001) N Y liny 5s , 6000 N Y Tel sen 44 s 15000 Nor Tao 4a . 2i)nn do gen 3s . .innn Ore Short Line 5a 2IXX) Ore W It S. N 4s 1000 Nor Pow 6s . , 1120011 I'enna en w I 44 a 40110 l'ubllo berv N J 6s 71X10 Pere Marquette 5a linnn Keadlntr gen 4s sooo Itcp Ir i. H 6s, . loooo San A & A I'aas Il vnnnn Ht 1, I M & s ir. ., 11000 south Pao rfd 4s .. .linnn do cv 5s .... . , lnnnn South Ilwy gen 4s . 110(111 do 5a , 21)1)01) Standard Milling Co., linnn Texas Co (Is 2(X)() Tol ht I, A W 4s .... innn tin Fuel Us ,. Isnno U S Govt 4s 21000 U H. Itubber it 6s. ., linnn do Us 77non U K of O H & I 5s... .110111111 do 54 h 1018 ,. . 411 moil do 54 b 1010 new isnnnn do 64 a 1010 . 07(100 do 54 a 1021 .. sooo Vn Rwss 6s 7111111 West I'.lec 5 . , ., 2000 West Union 5s ...... conn Wtst Pac 11 It 54 s. , Total tales, $5,010,000, compared Willi $1,. 431,000 jentrrdayi thus far this week, $29,797,. 000 1 aame period lust week, $20,872,000, NEW YORK COFFEE MARKET NEW YORK, April '3. The market for coffee futures opened quiet today, 2 to 4 points lower, with transactions on the call S500 bags. Today's Today'a opening. cioae. ms 77'4 sn; SIS so 04'. 1)1 31 31 ds'4 111114 inn inn 7(14 7(1)4 ins 107 inu un Oil IIIs 81 84 101 1014 311 .in 07'4 07s 01 in m'i iii't imi'5 ioii), Rl si 1)114 Bll4 II7'I Il7'i 004 01 1144 01 014 0114 inn inn (ii (,1s 77 774 Rfl 804 inn'l lon'J 'i no no (10 1004 molt in4 104 67 67 !)? 4)0S 1H7 107 111 Of ini'4 102 08 OS D9I 100 l(in ini 074 074 Oil !) iifl'4 on'4 inn ion ooi o ; 87 87 Anrll ,.., May July .... September "inner ., November leieinber January . , Manh .., Bid. !t.208.30 8 5(1 8.4T08.48 . 8 11108.(18 ..8.70 ..8.8 8 28 ir 8.30 R.40WS 42 S.51&8.52 8.Vl)te8.7l 8.77W8.78 8.00O8 01 Testerday's close. 8 20 8 24 8 2.1 8 40W8.41 8 51 a 8 52 8 B7i)8 n8 8.62JJ8.03 8 (1SIS 1111 8 75W8.78 8 888.89 RAILROAD EARNINGS SOUTIIERN RAILWAY SYBTEM 101T. Lines East and Weatl Flrat week April 12.143.851 From July 1 70,270.1)74 Mobile A Ohio I Flrat week April 247.434 From July 1 0,658,491 Georgia, boutharn ft Florida 1 Flrat week April ,,,.., 46,600 From July 1 ,....... 2.103.85 .,- , . S. l . MM H, tUsMJUWT ,.' Jncre ise. 1230,001 8,071, 100 21.010 632,020 04 JMCTtTf mTDAT-.TXTn T?AT.T.S TO SMALL PROPOT?TTl ON THE PHILADELPHIA STOCK EXCHAN( Street Gives More Consideration to Prospects of Increaj in Pnilrnnil Freiffht Rates and Prop-ress of Onv. -IS nnmonf "Rnnrl Tsriio Today trading on the Philadelphia Stock Exchange fell to tho smallest proportions In many days. Only about half tho number, of Mocks which sold yesterday made their nppcaraifoo on tho tapo during the whole session, while thero was little change In tho number of bonds which changed hands. Tho smaller turnover In stocks was ac companied by narrow prlco movements, stocks cither holding unchanged or a frac tion higher. Interest was attracted to I hlla delpliia Rapid Transit trust certificates In tho nftctnoon when the ptlcc was advanced to 30 for a gain of 2 points. Thero was no news accompanying tho gain In price. Orders wero scarce when the tnuixei opened at 10 o'clock, mid those usually con cerned In market operations did not show a disposition to mako any new commit ments. This made the mniket nlmost en tirely professional. Tho street gave more attention to other things than Stock Ex change operations, nnd forem t for cnti sldeintlon wns tho prospect of Increased freight intcs for tho railroads and the Gov ernment bond Issue The opinion was ex pressed that tho Interstate Commerce Com mission would allow 11 rise In rates. In some quarters It wns thought that the Com mission would compromlso with tho rail roads nnd allow a Hat Increase of 10 per cent, and that the higher rates would go Into effect on June I News dispatches from Washlnei i"J of tho debate In tho Houbo on tlMl iic.it iwiu issue were watched wmV. Interest. Definite nctlon on tha n ' inent flotation, In tho mlritls of Uie 2? must bo taken hpfni-n ,,,!. ."' Sti marketwlsc. Tlmso ,,111. ...," cDt holding them In nntlclnnti .r.un! i some of tho Government loon wh.-'fl placed fin the market. On tTo Ne M Diuc-n jxc-iiaiiKo touay united Slot., i ne hands at tint i.rleA m .. '""O 1 of 2 points as compared with the laVS! ,111a u.llr. nn Anrll .1 "B '"Si M, Throughout the w'holo day Unli. .' Kteel eiinimnn un. !, .. 'Jl un"ea fit. j --, " " .i iiiosv actlVA b) as trading on 'Change went, but ,.. that tho turnover una ,, . 0,e 1 in ev Ions dnvn. Tim nrin .... 'BUi tlon. At one tlinn clnrlm- , P. 'fl Superior Corporation stock was off"? t Hon, hut by midaftcinonn if i,.j ' a " tho loss and a fraction inoie. ' C0T' Tlio Acmo Tea Company contlnuea J. port good sales. For tho Hvo weeks ail with last Snllirdiiv tl,n ui- .. .7 enW pany totnlcd $2,386,073. an IncreLl $623,429 as compared with the corrTL ne period of ast imr. n..u'.V" soon he made to the Stock Exchantra , lUIInc of Atnerlnnn Ulnr.n ,..!"""" Into which tho Acmo Company if f! merged. y " ', X. Y. BANKS LOSE CASH NEW YORK. April 13. Not counting a gain by tho Suhtreasuty of $20,299,000 from tlie banks, tepoited this morning, the known nicv-nents of money for tho week ended with the close of business jesterday Indicate a Ichji by the local banks of $62, Sfil 737. Tho $20,299,000 lost by the banks lo tho SubtiPtisury Is termed a Fedcial Rcservo opci.itlon In connection wlthM'.v' ments under tho gold bettlement fund. For, the $5J,S(il 797 loss u credit by tho New York Federal Reserve Bank nt tho Clear ing Houses foi th week was lcsponslblo, to the extent of $12,076,000. Tho Fedcial in stitution was a ct editor In laigo amounti each of tho six da.vs of the bank statement week. The loss of the banks on this ac count today a'ono was $8,229,000. MONEY-LENDING RATES Mill (tllK. Call money opened at 2'i per cent for lending nnd lenewlng, high, 2'.., low. 2' : last. 2; closed nt 2UQ2'jJ tulliig tale. 2'i per cent. On good ml.xed loans tho bid Is nom inally unchanged for sixty days at 3 per cent, while tho asking rnto Is "1 per cent up lo I per cent The bids for ninety days nnd four months are at 4 per cent and tho asking figures aro up ' to 4'i per cent. For flvo and six months the bid Is 'i per cent higher at 4 per cent nnd the asking rate Is per cent higher at I'i per cent. Industrial loans command ' per cent abovo tho rates mentioned The minimum discount rate for prime paper Is now l'j per cent, except In some cases, against 41? I's per cent tecently. Bank acceptances cllglblcs aro 3t,02 per cent, ngaln&t 3'42 per cent, and inellgibles are quoted at 4f;3' per cent, against 31?:S'i per cent. PlIILAIir.l.PHIA Call, 3 per cent. Time, 4'(i?5 per cent. Commercial paper, thteo to six months, 4 f?4?, per cent. BANK .CLEARINGS liank clearlnss today compared with corre spondiiiB day lust two curs lloaton $.m I2I.J11 J3(1,4T),311 $39.i)'l4!261 Philadelphia 1(1,5 I'I 92(1 IS.lnn.13 1 I0.777..I21) New lork. 571.1(11.2 12 41S l,S0 817 380,341, ,1o0 Chicago .... 81.17.I.73S (!'), 218 !)!)(! 01,17(1140 millmorH ,, (l(li)l,31t (1S1,()78 6.711,701 St. Louis 23 5(11,40(1 1(1 (Ut, (118 12.148.177 FOREIGN 'EXCHANGE NEW YORK, April 13. Tho market or foreign exchango opened icry quiet and theie was llttlo of Interest beyond a slightly higher tango for Stockholm and Dutch exchange. Guilders luled at the high level o )cstciday. Demand sterling was slightly higher. Quotations wcic , Demand stcillng 1.76. cables 4.7G'i; sixty-day bills nominally 4.72, ninety-day bills 4.70. Lire cables 7 16, checks 7,17. Franc cables 5,70, checks 6.71. Swiss cables 6 09, checks 5.10. Guilder cables 4l't, checks 41. Rublo cables 28.70, checks 28,60, Pesetas cables21.CS, checks 21.55. Stockholm cables 30.50, checks 30.30. Chrlstlanla cables 29.70. checks 29.60. Copenhagen cables 28.75, checks 18.65. After tho opening dealings there was a further development of strength In guilders, carrlng cables to 41 and checks to 11, tho highest rate on this rise. Financial Briefs The new 7 per cent and 6 per cent pre feried as well as the new common stocks of tho Chicago, Rock Island and Pacific Railway Company, when Issued, have been ndmltted to tho list for trading on tho New Yoik Stock Exchange. W Stevenson Brogden has become asso ciated with Blddle & Henry, 104 South Fifth street. John B Packer has become a member of the sales organization of Paul & Co. At the annual meeting of the stockhold ers of the Nashville and Chattanooga, St. Louis Railway 1ft Nashville, Tenn , today, a report was presented showing total oper ating revenues for the year ended December 31. 1916. of $13,519,588, against $11,539,143 for 1915. Operating expenses for the year were $8,749,810. against $9,007,125 for 1915. The net operating revenue for the year was $3,769,778, and after making the necessary deductions, taxes, fixed charges, etc, there was Bui plus shown of v2,017,402. Granulated Sugar Unchanged NEW YORK, April 3 Fine granulated sugar remained unchanged, with the Amer ican Sugar Refining Company and B, H. Howell, Sou & Co. quoting 7.50c. The Fed eral and Warner Sugar Refining Company and Arbucklo Brothers were out of the market. The last sale of spot Cuban raws was at 6,40c, COTTON GETS WEAKH IN LATE TRADINC Decline Follows Gains nn P Talk, Strong Stock Market! T- 1 r i SI unui.tsaa -v earner 1 VJ COTTON IIKI.T WKATIIER CONnmnvs'l ,'M 10KK Anr" I?. The followlLJ i '.I'1"' 'I"" recoruea n the colli; belt thla inornlnet B1,a a flklnlintnn. Jll, AMIanA ,4 1. St l. Nashville 50: shreveport. Man Anton liiHl l'ort smith, 63 1 Del III.,. Little Rot? SI J ) cksbiir-. 54 Meridian. Illrmlnelmu HJl ( hiiitannorii. Afii Nau n flavin nnj v i vllle. 68 l.nl.eatoii. Mobile, Montioinin,i 'Allinti nnd Juiksonvllle. 00i Cereal i nnsii, .iURUstn idiii ituielKli. 62i Thomas. vllle. rensnroln nnd huvanniili. Oil Ibarlat. ton llllni nclon mill Tiimni. nn. ". There, wua .02 Inch of precipitation il Sainnnilll. .04 Inch ut Ktinvilll,, .nl lu' l tie Itiirk. .00 Inch nt tampv nnd Vk-ka-.l iiiirK, i'n in,-., hi .iiiicnii mill eiiirerepon.-'l .1 iiien tic .irriiiuin linn llinninEnanir ,l iiicii ui .iisiituie linn i nuiianooKU. , NEW YORK, April 13. Peare tan; strong siock maritec ami uniavorame en weather conditions caused bullish sentlniei to expand nt the opening of the cotM market nnd Liverpool cables were alrno! entirely Ignored. The early tone was firm, with prices It 11 points net higher. Liverpool, WalJ ttru and spot houses purchased, while the BUppj came from uptown Interests and New On leans houses. Commission brokers op atcd on both sides, but bought on ball 'After the call tho demand Increased in within a few minutes prices had advatici 8 to 10 points fuitl.er. Realizing of profH men causcu a reaction. Tho only ndvancc encountered Increan offerings. Thero was renewed selling; i May around 20.75c, which suggested, i .nelnH am.t lin,.l n .. .1 I ....n...... .. 'I. luo.v, ciiub Lf.io.c, i.nu lk nvciuuu lUO (IT prcsslon that speculative shorts had pretti well covered on tho navanco of jesterdaj At any rate, the market became nervous idI unsettled, witli tho talk around the rim indicating a Detter division of sentinel nnd with prices casing oft to about u night's closing figures on tho nverage.. Weather advices were baldly fax orabt enougn to encoutam aggressive offerlnn however, nnd the mairfet bhovved a falrh steady undertone during tho middle of tl morning. ' ' In tlie afternoon tho market continue) Irregular and unsettled, renewed sclllnefol lowing a pi ess icport that tho German tub! marine zono would bo extended to Inclui the North Atlantic Ocean This selling carl tied July down to 20 OCc and October'tol 18.95c ' 1 Lato reports from southern spot marked told of a decreased demand, with factor! cxpoiionclng dllllculty In selling at quott-1 tlons. Yes close Open. High Low. Cloi May 20 (11 20 BO 20 74 20 31 20 July 20 27 20 30 20 40 10 07 SO October 10 00 10 08 10 17 18 00 18 December.... 10 00 10 1.1 10 22 18 00 It January 10 01 10 1819 22 19 03 lfc Spo 2081 20 I -'I Liverpool Cotton LIVERPOOL. April 13. Spot cotton i. dull today at an ndvance of 15 points ( tho basis of 13.08d for mldupland. sales wero 4000 bales. Including 3600 bale American, The receipts wero 25,000 bW of which 24,800 bales were American. market for futures closed steady at a i upturn of 13(0)17 points. I Cotton Buyers and Sellers NEW YORK. April 13. May Brooks, B. Hubbard and Newman bought; Rosenoi W, Gumoens, Schlll, Gcer and Beardsli sold. July Bartiett, Keiffer. Black, Tral II. Hubbard, Cardoza, Burnett, Wachsmi Montromcrv and Downs bought: Hooi Downs, Wilson, GeranWatkIns, Cone.'Ii gersoll, R. Hubbard and Norden sold; October SIcFadden, Rosenberg, Ge Smith, Bartiett and Wells bought ; Rusi Brooks and II. Hubbard sold. Decerriber Hagedorn, Smith and M( bought: Schlll and Martin sold. January Burnett. C. Hicks and Si bought: Rosenberg. Keiffer and II. Hubbai bold. . . t sar i. ntii i.-...i.t nfolll. .aM i uaiUii iisuii uuust'Vt aina wtw m LOCAL MINING STOCKS TONOPAH STOCKS nid. MarNamara 07 Midway 10 Montana 21 Northern Star 14 Rescue Eula 20 GOLDF1ELD STOCKS Atlanta '.13 Blue null 02 Tlooth v, )'l niamondfleld U n ,,, .01 Daisy i ill Oro ,..'.. .02 Sandstorm Kendall nt Silver Pick 13 M13C2L.&XMX0UK Arizona United 48 Nevada Hill 20 Tecopa Mining 18 W V4 The price of the' Treasury Shares of the Hooven Automatic Typewriter Corporation will be advanced from $9.00 a share to par value $10.00 on Monday next, April 16th BERGMANN & CARAHER Bonds, Investment Securities Lafayette Bid., Fifth & Cheutai Sti., Phil.delphk " , . Telephone Lombard 2S44 fwY,, 1-,,w,"' ClasaMwM PMUliainkV " ---- ' '5 J .J1 v. ry 'j:.isk: eJv'i iy&.