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EVENING LEDGER-PHlLADELPHlX, SATURDAY, APRIL 28 1917
r
ku
Wj
r
fUCILLY, MOCK & CO.
BANKERS
taw .
:
V
PHILADELPHIA PLAN
EQUIPMENT TRUST
CERTIFICATES
306 CHESTNUT STREET
PHILADELPHIA
QunRnney
AUTOMOOILC BANKERS
Offer special facilities for In
dividuals or automobile deal
ers to finance, the acqulrc
inent of plcasuro tar and
1 far business houses to finance
the acquirement of commer
cial cars or trucks If ou
are th'nklng of purch islng a
car cf any Kind for any
purpo.e the KINNKY SYS
TEM will make n better lm.
ness transaction (or ou
REAL ESTATE TRUST DUILDING
PHILADELPHIA
FINANCIAL NEWS
CONFUSED MOVEMENTS MARK TRADING;
MOST STOCKS CLOSE A LITTLE LOWER
Bears Attack Railroad Shares in New York, but Gains Are
the Order, Following Declines Utah Copper Hits
New Top Price for Year
Ilirh I'aintii in Today's Financial News
Moiemcntt were confuted in New Vol I; (tatting. Hears attacked rail) end
stocks. l'(ah Copper reached hithcst price of near. Moil stocky closed a lit
tle louei. Important iivics solii hiabcr on Cmb. Wheat van higher in Chi
cago. Man advanced to SJ.,0 per bushel. Iticcsiions followed before close.
Cotton ended Innlur. New Yoik Iwuk rlatcineut for the week showed an in
eicasc in avoate loans demand dcpoiits and surplui, and decrcascsin these
ilemi in the actual. ( tcniings tin ourbout the coiintrg for the week increased
!.'..' per cent ovei loncspondimi neck oi lait ycai. liar siher lower in New
York and London.
BERGMANN & CARAHER
Invetlment Securities
NEW STOCK I.lllMii: 111 II.DIM1
Telephone pruce 5Ut1
Newlork llostoi liilcuco I'll t-tiursti
u?.
Charles J. Bender & Co.
INVESTMENT BONDS
Ifernbcrs Priisdclrhla. Stock Exchasr,
NORTH AMERICAN BLDG.
DIWD1.NI'-
tiii; itii ntionl hnk
P.illiJelPhla prll J7th I'd T
-1. IllnutllOU hull ll.lrf llj- ilir liiKn.l . .. .- ...
' ynnual dividend f liif per rnt, payable M iv .
J lail. io aiocannt lers -i rreuru ui tne elos- or
Si knVness Anrll 27 1 I I T
', cThecka will 1-p mnlliil
'I' WILLIAM SU.TIlll (ashler
FRANKLIN NITIONAL RANK
I'm la h-iuhla. April 23. mi;
l-l& Atrr.nrm tint. this lllV df 1. 1 U red tt a.ml.
Wtf annual dividend ot ten (III) per i rut . free ot
r -rx?.t"i.L'"..'. ... "h-Vi-... " a .m .".'
m mi -iiw -.-', ujifcDj Chi vi
VM HARDT Cnhlr
S?i). record at the lo
K-Cbeeki will be mailed
THE ClltM'.I) NVTIONAI. IIWK
'M 1 llllll-l'"ll'llin It'll! m. 11-11
!& -ri. Dlrertom hjl" thl ihy iliclnrcil h dlvl
V )ent of rlnlil'iifr rtt (HI), raynlile Jl it lt.
v fin?, in atiw lilinlilf-rt nf rpi ord nt tho iloaa uf
M bBKinttfc April Jlth rhiTUF w.ll bo mjlird ,
r2T . v rtlAftl.PS M ASH r-v.
VJ?- I'ahlp
lilt W aprii. is. iui7. Tin: Diiti.tTims 01
Kcott ll rr nmmllit dp litri-tt tho r--.ulir
f
Keott I'm t
-imlanntml
.Vt,; la I. ")I7
imlanmml "5"-' rreferrcil hloik Dividend
5fS
.llKHT!ii:MILNTS
IAA.U
F. " ' J ZZZ'- IV TIM! III'PIl ns i ill it r nm Till
W W$& i ounty of riillmlrliihl i,
Af fSntate f C liarlc II. "Ml-tHilie!. lftensr-u
r"" .-!. la lmri.1 i Vitul Hill tlin it I I-.... -
.s ji. .M Inrriilfiti f ll.tM fl1rl 111 the Mil I I mi
i jU pant vx-- .-. .....- . .j ' inn l
In fr uetltloii. "ill! to Inventory nnd iipuraUc
r fnent of the cfltitte of tli-j said 'lTed--nt rh irla
H. .sehauLM-(. Miurein inn Hum or nun in cah
dtjiffiMl td 1h- rdtiilnpd hv lif-r titular llm mt
?, of April II. '), n I "l" "upplcmenm mid
r-, thnc me phiii- wi'i i l iii'i-iutfii yt'j inn wuri nn
i-V Trldar, Jl i IDIIi, I'HT, unless exceptions
rierelO uv llicu miun- iii.ii iiiiii
It I.V.MON H KIVCMIU
ttornos for lvtltlnner
fl No .'01 Hullelln IIIilK
DIBECTIIHV Of Cf OUNTANTS
Certified l'ublle AruiiutiintN
t!S!ii3 -AA ItUNCU i: , IIIIOWN L CO
fg IVIO 11CAI. I'Sl.llli llll'nt UUIUL'l.lll
l luilVLTim-PI- IVri AITtTi4H- ihiitvih.
KHII" JOINT AMI DIM'UH.') ACLOUMS
.Vl'.W YORK. April 2S.
Tin' week woiiiiil up wild twn liouis nf ((infused ii.kIIiii; of wlilcli theio
uric ullciiinlim; (llilns nf xtreiiRtli mill ciKties', with Iroioii nthanrcs
fulloed b Hlinip (k-i-lliut nnd with the nii(Joilt nf iHiics ending the half t!a
nl iiuntnllniiM model. iti-lv hclnw cstiri3a.'s. final iirlcos.
Thcic were ramc occptlon,, however, to tho iano of narrow lluctuatlons.
RilsK buvlns earl In tie foienooti foned I'lah Copper up from 113U to
117 the price passing tho prp.lotis IiIkIi record for the onr mnde nn Murch
7 It was RciiemlK usiumcd Hint most nf the luivlnj- wai a continuation of
itccuniiil.itlon foi tho Ketmecolt Oopiicr ('oniium. which is understood to he
Intent on ne(UliinK Til per cent of the total Issue- uf Vtah Copper stock. There
was woiue forced coeilii(- of j;hort on this advance, and when the covering
was nci the pi lee had a quick reaction of about 1 point.
A ieerc- movement nrcuired In Lehigh Vallcv, which sold down 3 points
in it shoit piriod to hi, followed h i n-ioveiv of a little moic than 1 point
. At the end of the Hist lioui tin- ma-.l.et was gcneinllj unsettled hecnuso
nf the ioneentl.it (I prc-ssme agalnvt the r.illvcav issues, -ind the manner in
which slocks declined at tint time- induced vlgoioiis .elllng h the bear traders
nn the Hoot.
On this movement ISotlilehem Stol "V." (hopped fiom MVt, to 122H, tien
r r.il Motors sold down from in4, to 102, and 1'nlted States Sleel common sold
olT fiom .f to 115l.
A modeiate lallv occuned In the late tuidlng. but before the close nnothei
selling ino(ment started In whkh prices of innnv Issue Including Utah
Copper and L'nlted Slates Steel common, sold down to the low level of the dav.
Bonds were genernllv hea, with Pactional concessions in many issues
Missouri IUs declined fiom bS to CJ In the first lioui . Anglo-rrench 5s sold
down to OS1! New York Central 6s weie in supplv, declining to 106H-
NEARLY ALL IMPORTANT CURB STOCKS
HIGHER, WITH COPPER ISSUES LEADING
Nt:V YORK, April 28
Tlie Curb ni.uKc-t showed a general stiong tone all through the half dav s
trading with neails all the important issues making some amount of gain
Theie was an increased demand foi most of the copper stocks, with Magnate,
one of the ncwcomeis on the Cuib. attracting attention because of the con
tinued demand at SI' cents
Magma Copper sold at I7- and 4S. llig Ledge at nt, and 3' and Milfoid
at 1 1-lfi Stewart Mining was activeh tinded in around fi-lb Ite Con
solidated was In good demand also at 3 J io .!1 (cuts
Ti tangle l'ilm was pioinlneut again because of the biisk demand that has
been in evidence following the assumption of an active Interest In the opeiatlon
of the lompun bv C M Parker formerlv of the American Radiator Compain.
It is geneially urdei stood that cjiitiolllng interest has been adding to Its
lines of Mock at the iccent low level because of knowledge of the rcsMlts
of the changed business methods of the companv. The sto( k sold today In
falilv luge volume at 1'2
Aid Reduction whs Ktioug with sales at 7-t'j and 7.". Cnrtvcn sold at ll-.
National Conduit at Si'i, Submarine at 22a to Sih. United Motor at 32-n to 3J't
The oil stocks were gcnernll.v slcadv, with Cosden & Co traded In at 13'
to 13, Meiritt at 2M- to 21 and Osage at 3.
IMII'PKMIKNT Oil. sinrus Continued
New York Stock Sales
itfc
71
Hi
2(Ti
, on
s
In
fl.
it
ISH
62
- 2tH
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11i
2
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mi
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no
mi
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a
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1IH
.ft -H
mil
ITk
IMIl sTltl.I
m Itediietlon
in stores
m Suinatrii
etn.i l'il"slves
m-nritsli Mfg
in Marconi
inerlcan Writing Taper sij
111.)
.''4
t. 'i
SI
3"-
H
Hkrd
.'in",
i 3
I1!
i :
3-4
tloe
(silel
74j
3 V.
INTEREST OF STEEL
4 ,rnp a nl? TM TT Q Ti F.M A MT.
to"-;
KHEstimate Places Needs for Bal-
IL'w'i. - .. -r, .
tr ance ot lyiY at z to ii i-er uent
-r Trtlnnf rr 7in Affivn
&, UA XVAMV.... ...IV. -LSI. A.
ES-uiNEW YORK. April 28 .atura!l all In
lte.(tcrest In the steel trade ccnteis aiouud the
Ef Government puichaues to be made lu the
tertv-'Temainlnir monthi of this jear. It has been
ffiH7''lcla"y estimated thai oin countrj will
jE-tnl'n h-twpi-n 1 .itid H lier relit (if the tiitnl
Vsroductlon of . the industry This will
Rjlv;imount to something between 1,000.000 and
IjS0,000 tons.
iir U is tne general impression in tne iraue
it TtJiat the prices of 90c base for plates and
?'r2 50c base for structural shapes and bars
Pr'Xl'Ill apply to the needs of the llovernment
R,("$s now estimated, and while there are
CiioiM interests who argue mat tne tiovern.
frainent might want more steel than Is now
E i VailJIlAiVU, (lid U-IIIU1I it t.VHCI-11 vlll l-ll
Sythe next business somewhere higher prices
t.-Mxrlll be nald.
SSprobably the leading branch of the steel
ri-.i induatrv at the moment is that for w-Irfl
. "?' tftroducts. The demand is large and Inquiries
f!ftire said to be good. As et tho American
."w Sleel and wire Com pan) has not followed
fc! the lead or tne independents, vvnicn for more
; than a weeK nae oeen quoting u per ton
-Her the leading Interests level.
fr.Tbere is active demand for plates, and
Knowledge tnat tne cnnea Mates uov-
nent will take quite a tonnago has In-
I. some of the. regular consumers to
rUlte market with their requirements,
"plates are reported to have been con-
itcd for at as high as 9 cents per pound.
The new demand for tin plate Is heavy
n4 manufacturing companies are doing
VM-ythlng possible to speed up production
rush tne goods away rrcm the mills,
request from the Federal authorities
jj Active operations to aid In conserving
supplies oi mis country oy suppiy
i for products lias been met by work
per cent capacity. I
eonamons ruling in tne steel rail
'appear to be foreshadowing a re
let buying on a large ucale. Inquiries
III coming to tne markets for rails for
Jverles.
J known, of course, that the Govern-
in be a Urge buyer of bars, nnd this
: to a demand fiom users who have
fa, the market for some time and
Hy.buy further .ahead than the
'-Tfce.lone of this branch of the
ISnft. r
: question In the pig Iron mar.
flimculty that Is expected to be
m Jfetttng oro supplies. There
i ftf-MUMM In some sections of this
, wmm the demand Is not oultn
IB pervjous periods, the fact
I MHwy-io no an actual short-
MMiy consumers to cover
?J; .
'Yk 4k Twh
Yale and
.U4
i 'iiti.idlnti I'ar Co !H
Cm Car & Tdv pref H :i
Charcoal Iron '-i ,'ii
Chevrolet Molois inj 10 1(U
c imp - K" !,o
Curtlss Aeroplane . H t !
( w wen Tool M '4 t '
Cirbou Steel no RT
Minerson Phonograph h)m
Cede lal Dm I"
Haskell A TSarker Cai :ik-, Sii .
lleudee Mfg l
Kuthodlon Hioii7e pief I ii '."4 .
Lake Torpedo Boat 7"i Ti ISi
Lehigh Coal Sales . HI on
l.illii Loco - fit ""
Maxim Munitions .. !' i 5'i
Marlln Arms 77 St 1
National Conduit .. 34 4 ."Hh 34
V Y Shipbuilding . 3R it
Nor Amer Pap Pulp 4 S'4
Otis Klevator 1 o
I'terless Motor . 1! IS
Poole ling "3 K"i
Pleiie Arrow to 1 1
Ueddcn Truck . . IK'4 l4 -.
Santa Cecilia .. . in !7
santa Cecilia pref .. nn M
sscripps-Uooth . . SO 40
S S Kiesgo w 1 . I (Hi II
Standard Motors . .It IS's
Steel Allovs . . 7 Ki,
Siibniailne 23V4 ?.t 'UYt
t Joseph Lead . . II 'i IT). 1 71
Todd Shipbuilding . . . . H3 81
Triangle Kllm .. I'i I '-4 "
I lilted Profit Sharing 1(. '4
I S .steamship .. . 1H 3'4
United Motors .. . 3J 3J'4 31
United Sugar .... .10 30 38
Woilds Film .... '
Wright-Martin Air . nv, n e
Zinc Concent S,', 3V4 ..
STV.NDAHIl oil.
Illinois !J 3.tn
Ohio ... . 33 37. l
Praliie I'lpe . 307 30t
Stand Oil of California 37i .'Hii
Stand Oil of New Jerse) 1 030
Stand Oil of New York. 307 31.' 300
IMIKIT.MIKST OH, STOCKS
Harnett Oil & Gas . . !V4 3i
Cosden Oil 11 I1i
Cosden & Co 13 11
i:ik Basin lo 10
Federal Oil 314 i
Inter Petiol . .
Houston Oil
Meriltt Oil
Midwest Ret .
Met Petrol
Ohio Fuel
Oklahoma Ref
Osage Hominy
Klce
Sapulpa P.ef
Scquovah
West I'nd O & O
Hid
11
'in
131
I
, 10
. 10
8
lfl
. 10
14
. 1!
3
13((,
13U
10
3
MINIMI STOCK
laska Standard . ... 4
Atlanta II
Big Ledge .... 3
Butte Cupper & Zinc...
Hutte New York . ... I'
Canhbov 8
Con Ailz .... !U
Umma Consolidated ... I '
Ulist N'atlnnal ... !
Goldfleld Merger
Goldflcld Cons .Ml
Goldfleld Florence 3n
Goldfleld Kewanas .. .IB
Green Monster IV4
llecla Mining 7
Howe Sound . . . .1'
Independence Lead II
Jim !iutlei ... . K
luinbo Rxtenslnu . . 40
Magnate Copper . . 80
.McKlnle-Uarragh . . S(i
Magma Copper . 47
Mother Lode .... 31
Mines Co of America ... 14
Nevada Hills is
.Nevada Wonder 1
N'iplsslng 7
1U) Hercules 3
San To) ... 13
Tonopah Rxtenslon . . 3
United Verde 36'6
West Knd Con 6
Whlto Oaks 3ld
White Caps 114
erlngton 33
BONDS
American Smelters Bs
tlanta Charlotte Gs
Hethlehem 5s
Cosden Oil 6s . .
Cosden & Co 6s
f'udahy 6s
Uric 5s . .
Ilusslan Government 64s 81
Russian Government 6'3s 01
Yes 1 lose
skill (ml)
13 13
2! 31
33 33
130 113
1U t'i
0
I0 10
! 9
f Vt
IO',, I (I'i
1 1
n
sn 4 0
1.1 i."
Vh 3
0 '.
1 l'4
8'4 7V4
.' i" V
I'i ft
S'i
8 A
.M S
3
10
1
7
3
1J
71.
1,1
83
SI
40
34
2
33
3V4
7H
3
14
-Hi
37
7.1
1
34
7H
41
8!
47H
S3
7
3
3
30 H
1
3
Advance Rumley
AJax Rubber
Alaska Gold M
.Mils Chalmers
Am Agr Chcm
Am Ueet Sugar .
Am Can ....
Am Car & Fdy .
Am Cot OH . . . .
Am Hide & Leath
do pref . . .
Am Linseed
do pref
Am Mall
do pref
Am Smell
do pref A
Am Steel Fd)
Am Tol & Tel
Am Tobacco
A ni Wool
Am Zinc A Lead,
Anaconda
Atchison .
do pfd . .
All Hlrni & Atl
Ml Gulf & W 1
Raid Loco
Unit & Ohio
do pfd
Itcth Stcl I!
llurns III os
Hutte &. Sup Cop
Cat Petrol .
do ptef .
Canada Pacific
Cenlial Leather
Certo do Pasco
('Ids A: Ohio
Chi Gi West
do pref
Chi M & St P .
do pref .
Chile Copper
Col Fuel & Iron
Col Gas & i:iec
1'onsol Gas
Coin Piod nets
do pi
Crucible steel
Culm C.ine Sugai
IM A. Hudson
Denver A II G
Dome Mines
Drlggs-Seabui v
Lrle
do 1st pref
Gaston Williams
General Motors
Goodrich R U
do pref
Granby Mining
Great North pfd
Gt North Ore subs 33
Gulf Stato Steel 134
Illinois Cent . .
Int Agrlcul
do pfd
Inspiration Col)
Inter!) Cons Coip
do pfd
hit Harv N I
I ill Mor Mailne
do pref
lntci nl Papei
Int Nickel
Wans is city S pief 3IV,
Kelp. Springfield S3
Keimecott Coppei
I..Hk Steel
I etilgh Vnllev
Mnthhson Alkali
.Mn Mot 2d pref
Mes lVttol
Miami Con Cop
Mldvalo Steel
.Mo Kan & Tex
Mlsouil Pac ctfs
do wl
Nat Knam r Stpd 31 '4
.National Lead 37
Nevada Con Cop 24
New York Cent 04
WN1UII 41
X Y Out & West,
Voif & West
North American ,
Northern Pacific
Ontario Silver
nliln tritel
Ohio Gas . . ,
eiwcns not . . .
Penna R It .
Peo Gas & C
Pitts & West pief
Pitts Coal ctfs
Pressed Steel Cai
Quicksilver pref
Ray Con Copper
Reading
Reading I'd pref
Rep Iron & Steel
do pfd
Ro)al Dutch
Saxon Motois
Sinclair Oil
Seaboaid Air Lino I4)fc
do pref 31
Sears Roebuck 170
Sl-attuck Ariz 25
S'oss-Shef StI & Ir 40
Southern Pacific 04
Southern R R 38
do pr. . .. 38
Studebakei 83
Ten Cop & Chem 17
Texas Companv 310
Third Ave R It . S0
Tobacco Products 33
Cn Bag &. Pap new DO
I'll Rag & Paper It),
Union Pacific
do pref
Net
lllsh. Low Close din
71
7i
31
92
03 V,
43
07
41 ',4
131
Al4
21
37
11
00
13
71 I
7ii
23
93
0V4 M4
13 1
07 H
4U4 1
1.1 V4
Al'4 1
Jl
37 .. .
11
no Hi
90 100 I
looy. 10014 I00J4 H4
30 30 39 'tt
123 143 131 '
103 103 1D34 -I 3
30 30 30
.10 30 30 1
80 70 70 '4 V
101 103 101
08
17
08
34
70
71
08
17',i
98
34
70
71 -M
124 122 123
120 140 111)
43 II
20
30
100
80
31
00
11
3S,
80
'4
41
20
30
100 I'i
80 ,
31 1
00 1
11
3.1
80 14 1
117 117
24 22
48 48 1
11 41 1
I 11 IU'4 11.1
40 21 20
10114 101
(12 01
Sales in Philadelphia
lllEll
3 Cam .Steel 113
13 nice Stor 03
43 Gen Asp pf 04
230 LkSupCrp 10
20 Leh Nav 78
201 Leh Valley 01
IO Mldvale . 38
200 Nev Cons. 24
243 Penna It R 31
10 Pa Salt M 94
20n Phlla Co 34',
30 PRT tr cfs SO
20 Phlla Trac 70
410 Reading 91
32 Union Trae 42
104 Un G Imp 80
2381 U S Steel 110
3 W Jer S S 30
110 Win Cramp 87
.Net
Cloei 1 lige,
113 . ..
02(
02 ...
10
78 ...
02 2
38
23 (
83
04
34
30
79
91
42 .. .
80 ....
113 HS'f,
30 30 ....
87 87
Low
113
02
04
1 f i
78
02
38
23
31
04
31
30
79
01
12 ',4
80
Tolnl n)e 4281 tinre, cnmpnrecl with 23M
nhsres lt -ntiirdin 1 this week, .18,001 lmrel
Ind week, 17,188 nhares.
IKIMIS , .Net
IllKh Low ("lne (hue
sioon fill Is 07 101 101 101 . ...
onoo Leh Vnl
cons I'as
.'003 . 77 97 97 ....
1000 do rons
leg 6s I08U lOOVi 108 .. ..
)000 I, Val Tr
ref 5s 92 92 04
7000 Penna Co
Temp cfs
4s . . 97 90 00 IS
1000 Peo Pass
t c 4s. 81 84 84
20800 P n 1st BslOl'4 101 101
Total antes SIK.XOO, ininptired with X41 2(M)
lat sitiirdnvi this week, M'HI.OOOi list week.
SI 10,500.
Local Bid and Asked
lodl5
llli! Auk
I'tslerdnv
Hid Auk
3
US
98
04
98
Southern Railway 6s,
Sinclair Oil lis
Todd Shipbuilding 6s
N Y State 4s .
New Haven 5s , , ,
93
98
98 98
100 101 lniif,
103 104 10214
OTVt 08
97 98
81
94
- 97 98
110 110
101 101
105 103
98 98
85
9.1
KAILKOAO EARNINGS
CUNTItAL NEW i:xai.AM
1017 Inc
Year ended Dec. 31. 1010
Operating revenue . 45, '.'08,191 4504,080
Net revenue .... .'.'.'H7,05S 8, (ISO
Operatlne Income 2 070 234 34,075
Non-operating Income , 107,000 100.030
dross Income ,. . 2.273.20S 72.58 1
Net Income 914 011 193.310
.NKXV YOIIK. NEW HAVKN AND HARTFORD
Year ended December 81
Total oper. revenue .JHO.432.107 410 325 1i
Operating expenses. A4.87.',n.'n 8, HOI), Mil
Net oper revenue, 20 OOii.Uh 1,3.'1.7BK
Net oper. Income. Jl 04),(U7 01)1,(100
Other Income.. , 7.2S8,i81 1,719,709
dross income. . 3i),140,ue 2.709 042
Net Income . ., 5.654 077 895,839
NEW YORK. ONTARIO AND WESTERN
RAILWAY COMPANY
Year ended Dec. 31. 1010
Oper. revenue . ..... 4K.7B4.tfiO 414.413
nper. expense 0.20(1.731 'l.'.BSS
Net oper. revenue . 2.503,411 '.-8 950
Oper. Income 2,3.'4,780 10,0(11
dross Income 2 508,87(1 9,030
Net Income H3.ft82 17,6.11
Hurplu 218,301 503.450
Decrease,
BAR SILVER
Last 1917
Today. Yes Hal. High. Iiw,
New York (cents) 74 74, 74J 71) . 71
London (pence), ,37ft 37H 37'n 88, V 36(1
NEW YORK BUTTER AND EGGS
NEW YORK. April 28 BUTTER Receipts,
0215 tubs. Firmer. JUjhar scoring. 41H.Q.VS.1
extra, 41c firsts, S9Vn 40V4c seconds, 37 O
3c: Stale dairy, 4040'4c.
K0U3 Receipts. 14.SHJ rases. Firm .Firsts.
33L. SS4CI seconds. 81H 633ci white, S038',c:
oilier quotations unchanged.
BIG JUMP IN CLEARINGS
Total for This Week Is 42.2 Per Cent
Over a Year Ago
There was one unusual Increase In clear
ings throughout the country for the week
ended today. The total was $6,472,438,894,
against $5,858,706,929 last week, and $4
552,469,980 the corresponding week of last
ear
Details follow
1B1T lnifl pc
New York 43,4.19,211.287 '$2 248,881, 073 4-52 9
ChlcaffO
Philadelphia
Boston ,
Kansas City
Ht. Louis
S. Francisco
Pittsburgh
Detroit
(laltlmore
N. Orleans
431.888.398
284,111,2.11
200 080,001
110 057.732
115,519,081
7A,280,4HB
78,618,068
43,801,180
34,160,48s
35,144,432
815.036,181 4-80 7
160 691,691 4-24 8
70.201.187 69 4
74,147,084 55 0
11,521,800 4.48 0
71.143,872 34
81.410,707 40 0
.16,458,080 AS
19,812,777 77.4
40
142
11
10
70
27
41
3 4
104
34
108
. 81
111)
104
20
32
.17
10
.18
iii
37
79
30
42
11
81
04 '4
11
31
88
12
5H
7
II
28
21
139
All
103
A
.10
1 .11
90
53
81
04
. 48
71
80
901,
. 42
. 81
102
02
30
.15
40
141
13
IA
70
27
4 i'i
34
103
31
108
81
109
33
134
103
20
52
50
10
.18
III
17
78
38
11
54
.12
44
84
n
31
31
88
12l4
.17
101
01
4At
121 3
11
IA
7A
27
41
34
104 1
,11 '4
108 --l
81
109
32
124 2
104 J-1
20
32
30
10 .
18
114 1
79
.18
11 t
54
32
41 -
84 1
01(, 1
51
31'v.
88
12
.17 4
Hrlll J (I J1 211 21 '
RUff Susr 1 c . 'II 110 .VI III
dn prof 1 r II ,1J ,- .-,'.-
Iliililwln -.1 .Hi, ViS, ,-,-,t,
III-c htoraae ill1 n.-iu miy t.jij,
(liernl Asphalt 2J 24 L' I .'I
iln pref l..' )I4, It.- lit
Lake sun Corp in1, ln'j nit4 jo
I elilgh .Navigation "s'i 79 'hQ 71'
t.ehlgh V'alle . ill ( T, d4 (ll'i
I ehlsh slley Tr 24 21 21 21
do pref 44' 41 44' 41
1'ennvlvnnla 1114 "-V. "-1 "-T.
I'hlK Hlictrlc .11 'a 32 .IP, .1.'
1'lilU Companv .14 34t 31 .I4
do .1 per rent pr .14 .111 .11
do 11 per cent ir 37!j 3R'a 87 :is
Phlla It T t i ."l 30 -Jill, 30
Ilendlna UV, HI, nil', Ufl'a
Tnnopah Itelmoiit 4', 4? 4' IS
Tonopah Mining it' nSi (l' (.,
t'nlon Traction 4J'i 4t 42'i 4J"
In tias lmpvt . hO'i 8n'j so', sii',,
v s steei. n.Mj in', 110 mi';
Inrk Rallwav 14', 11 14 II
do pref 37 37 .17 37
II m Cramp t c ., . N7 S7'a 87 SS
New York Bond Sales
LiUUALi TltAJJlINvj ID UlNliNlJ2iJtVJ2iO-riM
TURNOVER EXCEPTIONALLYMALL
Railroad Shares Decline, Lehigh Valley Dropping 2
Points and Reading 1 Coal Shipments Over
P. R. R. on Increase
Very little of Interest developed In the
short session's trading on the Philadelphia
Stock l'xchangc today. There was no ac
tivity in any Issue, nnd, nsldo from weak
ness In railroad shares, price tlnnges were
generally without Importance. Lehigh Val
ley, although not traded In extensively, re
corded the biggest loss, dropping 2 '4 points,
to 02'i, after being up to 05 Pennsjlvanla
lost a fi action and Reading U
Traction shares v ere quiet. Rapid Tran
sit tiust certificate? gained a quarter on
a few sales to 30 .while Union Traction
ns unchanged Steel Common, which was
tho most active after opening nt 116,
dropped to 1 1B'4, off ' from .vesteiday's
close The tiansactloiis in this 1kiio totaled
onlv 2385 shares
nicclrlc Sloiage Hattciv General As.
phalt preferred Lehigh Navigation and
L lilted Gas Impiovement were unchnnged
Like Superior Corporation was off 2 a
point, Philadelphia Company declined i,
and William Cramp trust certificates lost a
fraction
Anthracite coal tarried over the Pcnn
s)lvanla Ralhoad lines east of Pittsburgh
and llrio dining March totaled 1,121, 117
tons, nn Increase of 1057 tons ns compared
Willi March of list eai. For the quarter
ended March 31, there was carried 2,082.
236 tons, a decrease of 246,2,10, ns com
pared with the (list quartei In mi6 Soft
coal carried during March aggregated l .
644.949 tons, a gain ot 4 11.778 tons, and
for the quarter It was 12.010,951 tons n
decrease of 108,219 tons fiom the figures of
the Ramo period of the previous eai
The total tonnage or coal and coke for
March was i848.GGl tons i 108,326 mote
than In March of last )ear. while the total
for the throe-month peilod decreased
I OGI.nRr. nnd was 18,562,071 tons
PHILADELPHIA MARKETS
8 '4
27
3 4
.10
V3
04
39
21
I. '8
08
101
0
19
133
99
51
83
84
45
74
20
fl.l'i
41
81
,10
.1,1
14
31
17A
8
27 1
33
37 1
23
94
39
'23
128 1
0A
103
0
40 ',4
13.1
00
33
83
04
45
7.1 . .
t . .
29
00
42
81
02 103
02 82
.10 1
.11
14
31
170
23
49 . .
94
38
58
85
18
208 2
20
62
89
U
49
94
28
38
84
10
108
20
62
89
11
.187 130 130 1
79 79 79
United Alloy Steel 43 43 43
Unit Cigar Stores 08 98 08
lilted Fruit . ..135 134 134
U S Ind Alcohol. 110 108 110 1
U S Rubber 57 67 67
U S Steel 110 113 118?
do pref
Utah Copper
1 tali Sec Corp
Va Car Chem
do pref...
Va Iron CS.C,
Wabash ....
do pref A.
do pref B. .
West Maryland
"Westlnghouse Mfg 40
Worth P & M pf B 62
Wheel . L E .. 10
do pref . 30
Willys Overland. so
Wilson Co.. . . 73
118 118 118
117 113 110
20
44
110
. 70
. U
49
. 25
31
19
43
110
70
11
48
24
21
48
32
18
36
30
71
19
43 a
119 1
70 1
11
48
24
31
40
32
18
36 1,4
30
75 1
HUh
1(4',
-nl',
1)9
!'2
!.,
UK',
117',
NO',
1")'
1.1's
lis
1)7
4197100 Ancln-French ,1s
.100(1 Am Foreign h,c .
3('(l(IO Amer Tel 5s
long Armour Co 4'as
220 in tchlson gen 3s
11 lino llrook Ran T .Is 1UIN
2ii"'l t It of llord lis
1 )))il 1 an (int .Is 11121
JIHHl ihi 19.-1!
(-Olio Cai (lis d 1 : 1 -c ft
Villi) ( lies tt OIllO (V 4',
liifoil do ( otiv Is
I Ill Chi d- Rust III Is
".( Chi I n Sta 4'jn
sllilll Chi II & O 4s
inim Chi l ft .st P rfd l'i ss.
.000 llli miiv us l"""i
I (inn tin in .Is
.'(Kin Chi Mil St P n 4'i (U
I111111 C11I .Midland cl ta 7
)()( 11 Col 4 South t'sa 80',
Linn Cltv of Paris (Is IMP,
UK (in Coin Prod It Cn '31 .Is lis
.tiinn Den (t Hit) (Ir I'm SI
Iim 0110 I'remh Hrpli ,1'as 10"
K'OII Indian.) Steel 5s
1 onii intern Mrt i'
1000 Internl Paper .Is
.10011 Inter Vgr .Is
2000 k (' I I S 1 Jl 4s
JOOO Kan Cltv ler 1st 48
.'idoo l..uka Mteel .- loll
1000 l.lg & Vi 'I 7n
1000 l.nuls A Nash 4s
liioo Mldvale Steel ,1s
17000 Mo Pac I 4s
Kino Montana Power 5s
10(1(1 Northern St Power 5l
10(10 N Y Canal 1111.1 .1'aa
I IO00 N V C a It 0s
10(10 N y C & Hud 4 'as,
HIOII N V Cits' s 1919
IO00 N Y das II A P .Is
1000 N Y V C It 1'as
11)000 Nor Par 4s
3000 Onlsrlo Power .Is
1(100 Ohio Cities Oss .Is
100(1 Penna 4s 194S
71000 do gen ct I'as
JOOO Public Herv N J Is
JOOO Pere .Marouette 5s
J00O Re-adlng gen 4s
'JOOO Ilepub Cuba 5s 19U4
7000 South Hell .Is
1000 south Pat cv 4s
2I0O0 do cv 5s
1000 South llw) 4i
1 000 do Is
110000 U S Rubber ct ,1s
toon do 0s ,
MlOO 1' S Steel s f .Is
111(101) V K nf ct II I 5s
77000 do 5laH 1919
s lono do 5'4s I'il9 new
1 J 1000 do Oj-s 1919
31)000 do .ri4 19J1
1000 West Elec 5s
.ow C'lose
1'1's 94',
lill'i
ill',
J4
IU
III".
I'll1.
9sS
l7
D7'a
so',
tin
ill's
1)7
1)7
no',
ii'i',
nj"
!tj
l9
tins,
iikS
117
l'7'a
Sn',
90's
(it's
lis
97
SK
Inn!
Hip, 10, nil'.
114 in
SS'i
Willi
Ml,
llli',
ns
101
on1,
100',
77
71',
84',
lo
Mi.,
02 ,
97
94'
101
107,
91
100
OO'i
91'.
1)0
97
IIS
911',
S8'J
01),
92',
9S
1)11
SI
S0.
1)1
US
SI Si
Kill's llli)',
101 101
(111 (10
inn', loo'.
Aft
101
12-'
OJ'a
114",
It.'
97
91
101
107
91
1011
99',
HI,
91
90
97
99
10s,
88
90
-".
II S'i
IIS
SI
mo'. 100'. 1(111'.
(I8, r,s, (I8,
1IW 111)
87 87
1111'. 101'.
mi', lov, o-in
97 Vs 97 97
llli),, 100 intlA
Klll'i 10011 10(1
97 nn mi",
90 9(1 90S
100 100 100
71
S4'
I'll
12J
9J
d'J
97
94
101
107
91
II 111
99
01",
91
90",
97
99
Oil',
SSI,
110'
DJ'
IIS",
111)
SI
119
87"
llll's
Tolnl sales. 4tt,702,roo, tompnreil nlth 81,671.
OOO last Mitnrdtoi this wrrk, 10,432.000i Inst
week, SI 9. 2 89 ,O00.
NEW YORK BANK STATEMENT
Average Loans and Demand Deposits
Increase, but Actual Decrease
NKW YORK, April 28 The New Yolk
bank statement this week shows an In
crease In the average loans and a de
crease in the actual Avetage demand de
posits increased, but tho actual decreased
$17,174,000, Theio was an Increase in the
average surplus and a drop In the actual
A1ERAQE
1 nans . 41 078.927,000
.Net demand deposits 3 715,972,000
Net time deposits -Mi 510,000
circulation ... 2S HO.I.ooo
Reserve, own vaults ttDO.l JI.OOU
Reserve, Keaerai re
serve banks . .
Reserve, other de
posltarles . A1 007.000
Aggregate reserve 7HJ.089.uno
Reserve required . H4(i,104,01l)
Surplus 121.924.3.1(1
tor which 1401,407 000 Is specie
ACTUAL
Loans . i. 0(17,004 000
:et oemana deposits J onj nn immi
Net time ueposns
Increase
11,401,000
7,5t() (100
4 870,(10(1
15,0(10
21,303,000
48,928,000 28 011,000
Total sales, 363,700 shares, compared with
541.200 shares last Saturdnvi this week. 3,561,
(MM) shares 1 last week, 3,093,300 shares.
MONEY-LENDING RATES
IMIII.ADF.I.rillA Call, 3 per cent
Time, 4'45 per cent Commercial paper,
three to six months, 4'riliT4?4 per cent.
days . 44,854,816,620 $3,287,863,013 47.7
Other cities,
ft daa. 861,870,948 469,481,287 38 8
Total of all
cities for 6
days ,..,$3,500,496,477 $8,757,324,802 48
A da'y""'. . . 965.942,417 708,175,878 21.5
Total nf all
week" ,,r.. $6,472,438,894 $4,532,499,980 42 2
No Change in Marine RaUfc
NEW YORK. April 21. Marine insur
ance rates to all war tone porta were un
changed today as were those to coast
wise points. ,
j. . a a a .a ail m as sse a sap SB V 4-sf .. m M t W ja
BANK CLEARINGS
Hank clearings today compared with corre
sponding day last two years
1917. 1916 1915.
Phlla . ,. $59,352,118 latl, 908, 9(18 $28,398,024
lloston . 37,821.821 31,124,888 S.1. 10(1.103
New York. 031.869,2.'.' 600,916,064 408,903,000
FOREIGN EXCHANGE
NEW YORK, April 28. No special ex
planations was obtainable In the dealings
today for an easier tendency In French
exchange. Franc cables were quoted ot
5,71 and checks at 5.72. These figures show
a decline of about a centime from Friday
morning's figures. Italian, Scandinavian
and Dutch exchange were also a shade
lower, and rubles were barely steady at a
little above the recent extreme low figures.
Quotations were:
Demand sterling 4.75 9-16, cables
4,76 7-16, sixty-day bills nominally 4.92,
ninety-day bills 4,70.
Lire cables 6.93, checks 6.94.
Swiss cables 6.12, checks 6.13.
Guilder cables 41, checks 40,
Iluble cables 28.25, checks 28.17,
Pesetas cables, 21.85, checks 21,70.
Stockholm cables 30.10, checks 29,90,
Chrlstlanla cables 29 30, checks 29.10,
Copenhagen cables 28,30, checks 28,10,
LIVE STOCK QUOTATIONS
ICAOO. April 28 HOOS Receipts. 10.-
Market steady. Allied and butchers. I1S.S0
f'lBSOi good heavy, $15 75010: rough heavy,
15 10916.70; light. Ill 40CJ14.83, pigs, $12 23
14 25: bulk' $15 60 16 DO.
Circulation
Reserve, own vaults.
Reserve, rederal re
serve banks
Reserve, other de
positaries Aggregate reserve.. ,
Reserve required .
204.7JI.UUII
J8.71N.II0O
1472,349,000
210,009,090 lll 519 OOl)
1,070,000
7.728 (Mil)
58.1 (I'll
7 142 1.1(1
12 008,00(1
I7.17I.ihmi
2,921 00(1
117.000
2 50.1.000
GRAIN AND FLOUR
VWIKAT Receipts .11,312 bushels Offerings
wire light and prUes further advanced he wltn
a good export demand and higher outside ad
vheH (Juutntlons Car lots In export elevator
No 2 led spot 42 Hll')'2 91, No 2 southern
ind JJ (is ;( J U.I KtPimor No J red $.' Mitt J III .
No 3 rcl JJSlUffJIll njtcted A, JJ 82(82 87,
lejedul II 42 781(2 St . ,
CORN' Itecelpls 11811 bushels Offerings
wits Unlit ulid tlin market advanced Jc, but.
trade was oulei Quotations Car lots foi local
trade as in loeitlon Western No 1 vellow,
II 7tl 72, weslirn No, 4 ellow, II (194P1 70,
western Nn .1 vellow 1 1 117 f 1 ill , southern
Nn .1 jellow II 7DW1 72
(IA Ts HeitlplB .It Jill bushels There was
Utile trading but the market advanced 2c
under aironaer mitsldt- prices supplies were
small (Juotatlons No 2 white SlJ82e
stlltlddrd white 8ll'(8lc No 3 white i98Uc.
No 4 while 7879e
I I.Ot'lt ReetlptH, 1128 38(1 lis In sacks
Theio was little trading, but the ninlket ruled
firm and again hlBher, In svtnpatln with the
stiength of wheat yuotatlons Winter stralRht,
llllell.10 Kansas dear I125()13 do
siralghl 1114)13 50 do. patent. $13 noli 14,
mine first .tear $ I '.".'I'd 12 7.1 do pntent,
l11llfll do fnvorlte brands $14 2itfln,
city mills, choke nnd fancj patent, $14.2394 13
uVi. I 1.01 it was unlet nut llrm under enwll
supplle, Ve uiiole $10 21011 23 pel bbl., us to
lliallt)
PROVISIONS
I he market ruled firm but there was little
'trading 'Iho quotations are ns follows
City beef In sets, smoked and nlr dried
.lie estern beef. In sets, smoked 31c. City
beef, knuckles and tenders, smuked nnd air
diled, 30c. Western beef, knuckles anl tenders,
smoked, 30c lleef hams. 1 10 b 32 , Pork,
famllv $43 ,1040 Hams S I cured, loose.
L1J1n. do skinned, loose 25 W2(lc. do,
do, smoked, Jfl'a WJ7c Other hnms smoked
rliv cured nn to brand nnd avi rage 20W J0 i
flams, smoked western cured J(tRjJflr, do
boiled, boneless 3Sc Plcnlo shoulders S P
cured loose 'Jlc do smoked. 22c llellles In
pickle, according to average, loose 27c llrenk
fast huon ns lo brnnd und avernge. elty curid,
32c Hreakfast bacon, wcstirn eurcd, 32c
lard, western, refined llerces 21c do, do do,
tubs 2Jc I, ird pure cltv, kettle rendered In
tierces, 21c Lard, pure city kettle rendered.
In tubs, 2Jc
REFINED SUGARS
Prices wrro flrml inalntHlncil ri.inKMn took
a llttl" bulnpst w. T Ml, whil the lat nuota
tlon of th Ipnnlv.inla huj-ar Onmpany wan
b liuc Heflnern rr rpstrlctitiK ordern
DAIRY PRODUCTS
IlL'TlKR Tlin market was quiet but firm un
der light offerings Quotations Western, tresh,
solid pa( ked creamerv. fantv specials, 41c, ex
tra 41HIJC extra Orats 40c llrsts lllc, sei -olid",
.ISe. nf arh prints faluv 4-4, , do nvet
nee extra, 12 8 11c llrsts 4llii Mr seionds, .19
((.is'jc. speeinl fancy brands of prints Jobbing
nt I7i.i0i
POtlS Demand wns good and supplies were
will tleanid up at the recent advame CJQuola
tlnns Nenrby firsts $10 31 per rase, nearby
current reielpts $11101 per case western ex
tra firsts, $10 211 per lase, do llrsts $10 01 per
ease fancj selected cvndled egts were jobbing
at 391M(k lr dozen
cill.l.si: Supplies of fano stock were small
.lid the market ruled firm bul there vvas little
trading Quotation- New ork, full cream,
fanc, new. 27', GfJ7c, special higher, do. do,
fair io good new 20 (f J7c. do, ptrt skims,
Mff 22c.
POULTRY
..IVJI TiV market was nulet tiut stpntly under
moderate nfferlnK" tjuolutton Foslf an to
quint. 22'j W'JTac, stnegy roosters, lRJOc;
ulil roosters ((tp?L, chifkfni eoft-meatpd. 45f
L'" ducUs I'ekin, jo'j.'c. lo, Indiin Runnori
17(&-lHc, plaeons old rer pair, l!S30c. do.
ounp per pair OtitV.
I)HKSHi:i Tho market was nulet at re
renllv reted fisures Quntnlton inwls 11 tn
box dry-picked, fancy selected, iinl& f , do, wcleh
Ine 4'j lba and oer aplete .lc. do, do
i' lbs apiece, :.'$'4c. du do, 3 lbs npipce. 24
l'(C. Towls, In bbls . fancj. drplcked, elKn
Iriu -lU lbs and oer oplete, ,-,nc, smaller 8l2e
J J Sir, old roosters (iopiicked, J-'c. roasting
rblckens western, drj -picked. In boxes, weigh
Ins 8lrt lbs per pair. L'Tttf-'Kc, do western, In
huxe welxhtne 7 lbs pr pair. "'-bc. do, do.
In bbls, welshing h&Ui lbs, per pair, J7ff92hc;
do do do welKhtnR 7 lbs. per pair, '23&J''r.
broltlnt; thickens, western In boxes, weighing
31.14 lbs per pair, liS(!J3Jc. thickens weighing
fitSMl lbs per pair, S3(f2c, do, mixed slzts ju
(fi? "r. broilers Jersey, fancy. OOUfflTic. do. other
nearb woleblng I'tj U'l Ib aplei e M)55c,
turUs per lb Kanc, western, HJ33r, fair
to ifoo ,,0:,lc. old Toms, JUtSSOc, common.
U'ltfffRc: squabt, per dozn White, welghlne 11
tffU lbs, per dozen, $ '.".it? 4 8. do, weighing l
10 lbs per dozen $1 bOrrj?, 10, do wishing H
lbs, per dozen $30.1 10, do weighing 7 lbs. per
doen, J- n( fa:! 7fi, do weighing Hfad1 lbs per
do7en. S1.7Mrtt2S0, dark, $1.5002 20, small and
No. 2. fi0cJl 2.1
FRESH FRUITS
Demand wns onlv modernle hut v slues gen.
erally ruled steady ns follows! Apples, per
bhl Ren Davis, $.1 255T8 75. Iialdwin, No 1
$3 7.1S4 50, do, ungraded, $13 50, Greening,
No 1, $4 r,00, do, ungraded, $35? I 21 Kings'
No, 1 $.lr, .10, do, ungraded, $34, Wlnesnp,
No 1, $4 505(1. do ungraded, $2 30B.1 .10 Ap.
pies. Northwestern, per 1ox -Pnncy $2572 50
choke, $1 505T2. Lemons, per box, $3f '
Oranges I'lorida per crate Bright, fanev $1
51,150, russet, do, $2 C04- poor. $12,2.
Grapefruit, Florida, ier crate I35JO. 1 Ineap'.
pies Porto Rico per crnte, $35? I .1(1, Straw
berries North Carolina per qt 1.15J25C
VEGETABLES
The general msrket was nulet nnd without
Important change Quote While potatoes m
l-ennsvlvnnla. choice per bush 13 21'ft 1 (o
New York, choice, per hush , Id i!33 4U, Maine'
eholte. per bush, II 406f J 50, Jersey, p.e
basket. $1 5001 75. White potatoes nw,rftr.
Ida per bbi No 1, 49, No 2, 1858 50, lulls,
$057 Sweet potatoes. Lastern Shore, per bbl
No 1, I2.1O5J0. No 2 $t.505?3 Sweet pota.
toes Delawnro nnd Marjland, jier hamper Nn
1 II 755?-' 25- N'o 2. $1.210161 culls ,l
bweet potntoes Jersev, per basket No 1, ,,
1,71! No 2 505J05r, Onions, Texas per crate
N'o 1, $4 25. No 2. $3,754i4. Onions old, per
loo lb. lg IftjWIO Cabhage, Florida i-r
Rhubarti California per
.rule. 11.50501.
box 41.21W1 10 .eltuce Florida, fancy, per
basket, II 7662 M; do, do, poor to good, per
basket, lltjl .10: do North Carolina, per basket
M.Mti.'. ejcierv. i loriaa, per lu-incn crate, It
wj. Ilenns. I lorlda per basket Orecn II 7
W2 2.1 Wax I1.50M2 50 Uggplant, Florida"
ti. r box $153 .10. Peppers. Ilorldi, per box.
3.105M Squash. 1 lorlda, .per box $1vi-,o.
Peas, I lorlda per basket. $1 ,362 21 Cucum-
Int. Florida, per basket. $1,7552 Heels. I. lur
id), per 100 hunt lies, $t0 Radishes Norfolk,
per basket Jicw.i, inmitoes, Florida per
crate $3 505?.'!. 7.1. Aepirngus, per d07"n
bunches Colossal. $I5?.1: fnncv, $J 5us
choice $ I .11)5?-' 2,1. Mushrooms ier 4-lb. baa
ket, $1 40SJJ1 71
NEW YORK COFFEE MARKET
N'F.W YORK, April 28 The market for
coffee futures opened steady today and
unchanged to a decline of 1 point. Trad
ing on the call was quiet, sales amount
ing to 4750 bags.
today's Vexterdaj s
close (lose
7 985C7 91
7 HOW 7 98 7 98 7 99
8 HOWS 07 8 OS'tS 09
8 1 lifts. 17 H I8N 19
8 :MMH 'J', 8 JliWs 'J7
8 UliiR dj 8 3.' (fin 34
8 178 38 8 395f8 41
K 415(8 44 8 411118 47
! 8 49(0)8 .10 8 -J5T8 .11
8 .11 St 8 611 8 .19 H 8 fll
8 015(18 (, I 8 (,'irfS 7
8 (IS 4(8 (I'I 8 7."fTS 73
Todav's
opening
April
Mhv son
June
.lull 8 20
August A
September . 8 2198 T
lie tober 8 .41
.November
Dtremher 8. 1(1 51 S 5
lanuarv
Februar
iliinh
111 I
DIVIDENDS DECLARED
Peer A. Co, regular quarterly of Is pir
cent on preferred, puablo Juna 1 to slock of
record Ma 15
Western Utllillc', regular nuarterlv of Vt
per cent nn preferred stock, payable .Tune I to
stock of record Mn 15
Southern Pipe 1,1 n Company, regular quar
tei l of $0 n share, pajable Juno 1 to stock of
record May 1
AtlintU roast Line Companv, semiannual of
21 per cent on the preferred stock paahln
Miv I k Hooks close April Sn, reopen May 10
Huckcf Pino Line Compan. regular quarterly
of $2 a share, pnable Juno 15 to stock of rec
ord Mfi 31
Quaker OTtn Companv, quarterly of tVa per
cent on prefprred, payable May 31 tn slock of
rtcoid MaJ 1
LOCAL MINING STOCKS
1ON0PAII STOCKS
llnrNamnra
Milium ..
Mlzpah Lxtcuslnn
Montana ,
North Star
ltesiuo Kula
(10LDPIF.I.D STOCKS
lllu- Hull
Ilooth .
Combination Fraction
Dlnir.i.ndlVlcl II II
Daisy
Oro
Sand I' en
Silver Pick
MISCLI.l.ANKOUS
Arlrom l'nlted
Tecopa Mining
Rid Asked.
.07 no
11 in
II 11
U)
II II
.21 20
.112 OI
07 ll'l
III 07
O I II-,
.0 I 01
OJ 111
III I) I
.11 .18
IS 12
21
Surplus
Tur wr
92,1 000
11 H.-9 nun
d 77J (1211
9,23(1.080
11.770 000
1,911 800
1 80 000
11,089 001)
4 .-41 Kill
In-
03,251,000
745,(109,11011
(H 1,000,780
111.1UJ il.
hlch 1420 3(19,000 Is speile.
OUTSIDE HANKS
State banks: '
loans, Investments., $129.100 900
Hold . ... 49,280,20(1
currency b-vnk notes 21 uix.onn
Deposits 591390 000
Reserve un deposit US.HIIJ 2U0
Percentage of reserve, 28 8 per cent
crease, 7 per cent
TRUST COMPANIES
Loans, Investments $1,ROS,989,800 $32,69.1,000
Hold lXJ,f,J1,fi()(l (1,178 600
Currency bank bills 14,597,400 1,975,300
Deposit 2,310,081,100 Id 1,04,100
Deserve on deposit . 449 OJ3.000 7,944,300
Percentage of reserve. 25 1 per cent, de
crease, 7 per cent
STATU RANKS AND TRUST COMPANIES
NOT HEPORTINO TO CLEARINO
HOUSE
Loans. Investments . $815,945,100 $10 Oin Ann
Hold 9,J14,l)00 '28,100
Currency bank notes 11,270,700 7.40(1
Total deposits 1,04.1.702.700 1.342,200
Net deposits 8)1(1,757.201) 7.10J.700
Reserve on deposit . 240 158 100 7.675,800
Percentage of reserve. 80(10 per cent, de.
crease 1.1 per cent.
Decrease,
MORE BIG OIL PROFITS
cjAl ri.u 'teeceipis, ,uu. Marg.i aieaQr.
R.sv.s. $8 86013 40! cows and h.lfera. $4
11, du; atocKera. ana r.caera, 17.7sio,lo
TiJ4,lH.76n.Ii ealv.i, (tOfh.M. "
Net of Standard Oil of New York in
1916 Was $36,638,495
NEW YORK, April 28. An evidence of
the enormous profits being made by the
various Standard Oil companies Is shown
by the statement of the Standard Oil Com
pany of NfW York for the year ended De
cember 31, 1916. v
Net earnings for the ear were $36,638
495. equivalent to $48.85 a share earned
on 750,000 shares of capital stock. This
compares with $15,761,663 earned m 1915,
or an equivalent of $21 a share. Dividends
paid during the year amounted to $6,000,
000. The company's surplus at the end of
the year was $30,638,496, or an Inerease
ot 111.171,1$:. compared with 1915. .
The Government Loan
Mexican War
O1
,N April 26, 1846, the United States declared
war on Mexico. The financial condition
of our country at that time was not
strong, and President Polk, and Secretary
Walker of the Treasury, resorted to the use of
short term Treasury Notes and Stock, the latter
bearing interest at the rate of six per cent, per
annum.
The total indebtedness incurred by this
country during the Mexican War amounted to
$43,000,000.
Economic developments following the war
led to a period of extraordinary industrial pros
perity only to be checked by a change in the
fiscal policy of our Government, which resulted
in the Panic of 1857.
However, the debt contracted in conse
quence of the Mexican War was paid in full by
1874. The conditions of today are markedly
different, the credit of our country stands at the
highest in its history, and its obligations are the
strongest and best investments in the financial
world.
Subscriptions to the new Government
Loan, when offered, will be received by this
Company without cost to the subscriber.
Commercial Trust Company
. CityHaU Square
H
r
l
fi
f
T
i,
J
ta
7
-si
A
r-
'- rr,w?..,z:s'&'to "Ar .r-va
.z-t.n.s. ,r?.jit
ViTM total for the year Is, 111,635 573.
IV ,..."
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