ttm.
it r( r.Tf'i. ','j ,s ' r "
fir l V 1' . il- 11T. F'lJ. ..'"'
EVENiG UBLIO LEDGER-PHILADELPHIA, ' MONDAY,
FEBRUARY' 2o 191S
T,-i
KV.
LV
F.4V
S
ft'
&
Yr '"
tHORT TERM
"t - v-
EQUIPMENTS
AND
PU1LIC UTILITY
SECURED NOTES
NETTING FROM
5.50 TO 7.85
DETAILED OFFERINGS
ON REQUEST
REILLY, BROCK & CO.
IIANKKIW)
'306 CHESTNUT ST.
riili.ADEi.riliA
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICEi
UNFAVORABLE DEVELOPMENTS
HAVE BAD EFFECT ON STOCKS
New York Stock Sales
High
Alaska Cold M a
Allls-ChalmerB. in;
I Am Ileet .Sugar MVj
Low Close
Net
dig.
Deferring of Brooklyn Rapid Transit Divi-;iff.:""gg
! clend Declaration and Fear of No St. Paul
Payment Cause Declines
High Points in Today's Financial News
Vufarorablc developments caused declines in many stock on Xete
York exchange, Hrooklyu Vapid Transit dividend nation teas deferred nnd
fenr ivni heard in the Street that St. Paul pay suspend payments on com
mon shores. Ileavlnesi ruled Curb market. Oats actlte in grain market.
Cotton tlnn. Scandinavian exchange uns easier. Loans decreased in the
Philadelphia weekly bank statement. Unr silver teas unchanged lit Xcie
York and London.
HIV,
ai
.T.")i
:i
fl-1','.
4?i.
H3-,
I'lti
0.1
loii
107
HI
III
111 'a
i.i
.13-,
r,nT,
1 3'i,
.ID
.TJ
II
III
111
alls
88'h
in
on')',
snVi
xi
40,i
1)1',!,
i.i -
r, i
sol, . .
1314 . .
Bl
:rj
u
hi
l!
3
no
ii.i
Ofln'i
VALUES UNSETTLED
ON NEW YORK CURB
Sales in Philadelphia I LAKE SUPERIOR SHARES CONTINUE
'.4
I
,
FOUNDED 1865
The
Vovident
KK'Life and Trust Company
WjL of Philadelphia
lie.
Many have said, "Let j
the future take care of I
itself," but those who ',
arc thoughtful about
such matters provide
for the future with a
NP.W YORK. Kob. 23.
The stock market uns called on to stuml the tct of some itnfuvor
nolo ilcvetopincntH t.nlny, oji being tlio action ot the Hrooklyu Rapid
Transit directors In deferring the declaration of the iniurtoily dividend
on that stock and nnolhcr the Influence of assertions itbout what the St.
Paul directors may do nt the deferred dividend meeting to be held Thurs
day. The general understanding on the Street I? Hint the dividend pay
ments on the lonminii stock will lie suspended, nnd It was asserted by
some that considerable doubt exists over the inniiitonai.ro of the dividend
on tho preferred stock. These assertions made St. T'.uil common and pre
ferred the object of concentrated selling, with the preferred dropping
from 7.T-J to US. while the common sold down from A to 3S4, the lowest
price touched In recent years.
Hrooklyu Kapld Transit, after announcement of the defeirlng of dlvl
dend notion, dropped from 11 to 3St.
Marine preferred showed strength for a time. advancing more than a
point to 100. but dropped about 3 points in the afternoon. Atlantic,
(Julf and West Indies was another weak feature, selling down fiom 110';
to 111 '.4. ,
There weie some exception to the display of weakness Pittsburgh
Coal being In urgent ilemund nnd moving up moto than 4 points, and
National Knnmclliig and American Hide nnd Leather preferred were also
In demand nt advancing prices.
Ualdwln Locomotive acted In a disappointing manner to those who
looked for buying, following the annual report, and. although it advanced
to "G in the early trailing, there was n quick decline to 73,
Trading In the Liberty lionds continued In large volume todav, with
the second -Is ranging from Sij.Stt to Oli.TS. Anglo-Kroncli f,, sold nt PO to
SO'-,, and French city Cs were a little easier, with the nty r lars Cs
selling at 4SV
Am C & Kily t.'o 71
Am Int Cop. , . ,i n -a
.m Lo;ian un.
Am 11 & Lea.
do pref .
Am Linseed . .
do pref .
Am Loco
Am Halt pf.. ,
Am Smelting ..
Am Sum Toll. .
Am Steel Kdy. .
Am Sugar . . .
Am T & T . .
' Am Tobacco . .
Am Wool
do pref .
I Am Zinc & l.d.
Anaconda
Atchison . . .,
At (llf ft W I .
IUUI Loco Co.
Udit A: niiio. ..
do pref ... .
ftatopllas Mug,
lietli sjteel ... HI
, do II HI
lift href I t-.. 111(11. iiiitl inn;, j. .-.
Hklyn l!pd Tru n :ik' ao'i lis
Fluctuations Cnusc Heaviness ,
in General List Russian '
Bonds Hit Low Records
I0IHS. IllfliW l"i
IB4t(, IHU. 0tTH !(,
ii'!i n 33 i Vt
ob, ii3-1, ijt,
ia4 ir.'i li
laii iiaii, n
s s.i
1 1 1 " i, HIVl 3',i
5! Vi't Hi
.".'jn; M!, U
astd s.'.'i . .
i i '.
Kl'.'i Slni 1
D'i Kll' '-I1.-
!'.'IH
l.1'3
. 'H'i
. HSU
.110
. 1ST,
.. S'JT,
as4
.i:w voiiK. l'eh. :;.
There was an unsettled tone and wide
fluctuations on the Hroad street curb
today, with an unscltlement of alues
In many Issued that caused heaviness in
the general list.
In the Important circles most Interest
whs attached to (he demoralized market
for the llusslnn external bonds, the 3 'is
selling down to S3 and the fi'is to 42.
both Issues making new low records.
"hcviolct also showed pronounced
weakness, dropping 7 points to 120, al
though It bad been supposed that de
tails of the Ceneral Motor merger would
be a bullish Incentlco In that slock.
I mted Motor naturally followed, being 33N ,lmrr
i.n supply nt concessions.
, ,, IllRll
Am ua . .
310 Am Mill. Ill
Hi tlrlll J U so
liCnmh Ir. II
230 Men Stor ftii
In Co NA .
li. I.I; Su Cp IS,
no Leh N'av. n.iv&
a l.eh Val. is
anoMldvale. . 4.1K
3 North Pa US
3!ll I'enn It II 13 ii
Pa Salt M . .
A Phlla Co. IS
.1 do cum pf .1!
13J Phil i:iee mil
am Pirts Coal :,t
.mil P II T l c lil'Ji
110 Heading, in
Ton Pel. ..
03 Ton .Mill. a,V
10 I'ji True. 10
; i; hi., ouii
3530 I' H Steel 1)0
US War l A: si h
Low
in
3(1
II
llll'l
IS")
H.TJ
(is
IS
MS '
IS
Net
ihse.
1
.- Id
33
.VJ
33 ,,
r.:i
3 on
a,'
to
oiiU
ti I (.
'i
riose
tun
10
30
41
4l)'!i
33',, ..
I3', i
3',i '.i
(IS Vt
4s; ..
S3
4.1 !fc i
tss
33
.13 4- 1
33',. '.5.
SHi H-lli
30U
ISTi Vi
3'
a.' .
in
na-T, ',,
!I3 C'i
H'.i
TO LEAD IN LOCAL STOCK TRADING'!
Brill Advances a Point Baldwin Common Stockholders!
Disjmnninrprl Rnnnnsn Thcv Will GpA. Nn T)Ui. 1
dend From Big Earnings
Hjuotatlon Biven Is Saturday's close.
Net
chae.
HC, soi,
i liurns Hros . . 11
liutte C fc . Co iii
, Huttf & Sup Cp i
Cal Pettol ifiir,
do pref i on
I Can Pae (It . . Ill (;,
I Cent Leather. . 73'(,
I do pref .... lo.iii
Cciro de Pasco. :il'(
I 'band Motors. .1
lci.es & Ohio . . 3 Hi
! C'lil M & St P. Ili'i
do pfd ... . l;ii.
Chi U North.. 04
,Chl II I & Pae. 30 j
I do 6 p c t c. 341;,
1 Chill Copper . . Kii;,
I Chlno Con Cop. li4
Col Kuel & Iron an'j
Col Gas & Llee :i4(.i,
i Consol lias . . . mi
I Com Prod . . a I
I Crucible Steel, ill-i-
Cuba Cane Sub aa".
S3
no
n
MI,
S
IHHl
I. Hi
:ici'(,
I ui'i
111
yi
III'.
in
111
(Hi
10",
1 1! Vi
10
113", IIS";
im-i; iii!,i
103i in:,'.i
ai'.i a l'i
)i
-3,
t)Hi
ni'i
as'Vi
r,s
a"i
3n',j
31
IB",
lain
ao
an,
SII'h
a.",
03
S3
lll!l'.j
0
S',
"'...
3SIJ,
13 'I,
a .-.'.,
lasH
Provident Endowment ; QATS ISSTR0NGER
U' ON SHORT COVERING
FOURTH AND CHESTNUT
f STREETS
do pref
I Del & Hud.
I Hen & P. I!
i do pref . .
Home Mines
1 Ulstlll Secur
i Lrle
iCaston-WIII.
I (leu Llec Co
lien Motors .r.'P'i 131
Cnndrlrli II T. . 13 !i II la
lireat North pf !io, ss
it Nor Or subs 3S1, 3H(i
! (ireenoi'an Co) 40', lilli
I Int Agilcul . . . I3'4 II"',
do pref . . . . IKi-i II
. Inspiration Con lit", I3",
AT NET ADVANCE In'. mTm ,,f IV' V4
do pref loos; iijn.
Inicrnat Paper. :iVH an
nt 3;
3 Hi ',i
aoijj 3U
no a
oa-ii vi
30'i i
31 'i -- "4
ui'i
ia ,',
an i
:,Ci .I,S? I""'" "'.
si" i '" 7
3')i ij4
.13 '. ; i
Inliil vile,. 3101 Moire, dinumrril with
mi Miiurii i,i.
IIOMIs
Aetna Kxploslirs was exceptionally s.iiifni lietli Sled
ttrong. moving up about 1 point and i l"t Ss. so
crossing II, the highest point which Hint ' 12"" LI & Peo
stock sold In a long period.
, There was also a good demand at
advancing prices for Charcoal Iron, with
reports or buying by Inside Interests out
side of the market at higher than quoted
figures. This nciuiuulatlon was under
stood to be based on knowledge of pros
pective iarp.o profits duilng the current
year.
The airplane Mocks were Irregular.
Curtis, dropping 2 points to 37, while
Wright-Martin langed from S'i to S.
Independent oil stocks were generally
steady, with Cosden selling at 3',i f
7Ti, and Mldntst defining nt 10;i nnd
10S.
Some or the mining stocks showed a I
. ..i. i.i. .,... ... '
nii .Massing selling al
iMM.vrni.w.
Outside of Lake, Superior Corporation
there was not much activity In local
shares on the Philadelphia r.xthange
today and transactions wero confined
to odd lots, with price changes Irreg
ular. Superior, although showing lets
momentum than It has recently, con
tinued to lead the local list, but Its price
fagged off a trifle, while fractional de-J
ellncs were recorded by 1'nlted tins Im
provement, Rapid Transit trust certifi
cates, Pennsylvania Railroad and Le
high Valley. Hut business In none of
these Issues established at lower levels
was largo enough to make the changes
Important.
lirlll continued m show strength nnd
advanced n full point on trifling sales,
while Philadelphia Company cumulative
preferred made a gain of tho same
amount. Philadelphia Klcctrlo was un
changed; as were Reading. North Pent'
and Tonopah .Mining. Storage Hattcry
lost a little on moderate sales and Cam
bria Iron was marked up a half.
Arbitrage shares made up the bulk of
the day's business, with steel selling oft
after wavering, Mldvale, losing a frac
tion and I'lttsbuigh Coal advancing I
i.j i points.
Liberty 3Us weie the feature of the
nliil .ile,, M3l,i00, roninarril nllh (2-- bond trading, that issue being much
more active than usual and ndvanrlnir
. I 30-100 of 1 per cent, while the 4s were
oean in sparingly and changed hands
below Saturday's close price.
Ualdwln's report for l!H7. which was
made public this morning, came up to
,",n i expectations so rar as earnings wero
iio 3, i concerned, but many holders of the'eom-
mon snaics were disappointed because
nt flin flniiniihi.AiiiAiil 11..., ..
"...:. """.." ..'"." """ no "IVIdenJ.
wouui on jintu on ii e common stock tnj SJ
mm .ii,oiu,vuu ui nie inrgi gnrKln.-1
with that of I!) 1 7 included. . .,.& :
tuted agnlnst the Item for good will .U 11
patents of $ t fi.Grf).2rr carried ,.. .i?1 '
Net profit for the year 1017 was li 1,1
5,722 and the surplu,. after allow,.;! Ii
Tr 4s. 13 V!' 13 A Vn
niiMfl I. Hi lionds
:'..js... iis.io iii.m ill. in . .
5:00 do Is... Ill ' Oli.OI 1111.01 .an
330 .dolsi tsai !io.,o DO.lu .au
30(10 Phlla Kkr
1st 3,. uni BHii HI1! ',4
00011 Ibadiiu
gen Is. S3 sia. Sl ni
10110 Itead-Jer
Cent Is SIVi Hf.j HHi ',i
1 43o mi .iitinl.i.
Local Hid and Asked
COTTON HOLDS FIRM
-1
Fjrmness Develops After Sell-1 Best Prices of Day Not Iain-lr'op'0'"'.' Vt l
ins in Early TrudiiiK Had tained Because of Profit- IVv'nusIi.m. m:.'
Weakened Arnvkol I 'l'l,in,, Ma Motors . 3!) SK'i,
Four Important
Reasons Why You
Should Bank Here
fa BI).miiIHIllillll.ni
Wt E 1
II
fe,.l '
W'-l
e
bt i
ililikiillliiiitidlllirnrrTuTl
snow in
lublrr In-
The sound financial
strength oT this in
stitution. The unexcelled Inink
itist facilities.
The human interest
which we always
take in our patrons.
The convenient loca
tion in the midst of
the city's business
district.
HTlE-TRHCaWY
12th Street above Chestnut
Philadelphia
$1,000,000 Capital
$lfl00fl00 Surplus
(.i:is iiixt Hi:.ini;it nmi.i m
. mt'XI.O. IVh. 33. Illlnnl. Italn an.l
iiiiuh (older tonluliti lueil.is ernerallj
r.llr hii.I mtlrli rolilrr. ""jnj
Vikvnlril nuilllul I . 1. ..
ln.,1.1.1 .. I.,' ..'"". .."," """" IlllUfl
.... -V "M," r!M.". uirniiiB 10
ruti Tur.il.ir fair
U,inln simlv n, ni,,
nlBliI, I iK--.rl.av criMTiillr rulr.
Mlnne,nt 1 lirnerullr fair Imiluhl mill
,..11,'" '"''' "ul" ,"'i,r ', .-uiierliir
IIIIIIBIII,
..iIv.Mli,rr,.'"l,l''r "'i'1 """'li "ii'iT loniciit.
ij I ' f 1 "",v '".evlrrini- e.nti Tne-
North 'll.1k.1ta I'jlr liuilthl 11111I Tne.
nillli llilknln I'.ilr limlclit. i,,r in
nullir,ii.t iiml irnlmli lurilj. rulr 11ml
vitrmer. ,
Nrl.ml.ii I'ulr lonlelil: Turnl,i fair
and wiirmrr.
r l"j''!7.'"','r l'"tl n""l' older Innleliti
Moiit'nim ('.riirmlh f.ilr utiii narmrr lo
nlelil unil Tiirvl.i.1.
0iiiHn I'ulr lonlglil .mil Tuetdar,
' CIIICAOO. Feb, 25.
The market for oats developed firm
ness today mi covering by shorts after
It had been weaker on renewed selling
in me early
fairly active
was a factor here
Taking
VOI-ION ISI.I.T UKVTIIIl; (IINnnillN,
MilV llinii, IVIi. S3 Hie follonlnc
leniiirriiliire, nrre rrrordrd In Hip tot
loi. hell till, morning:
In!"",)"!1'' -Vi r'n HI'. Ill nilmlnc.
inn, ..Hi m Antonln mid r liiirlrttnn, 3Si
vilinl.i, .iiunimli iiml Jnrloontllle. Oil!
Mireteimrl. ('iirnii, ( hrl.ll. Mule I;,,,!,,
Mrniiilil, mid Mrrlilliin. S.'i Oklahoma ( lt!
V li Ulinrir. IVnsiHiil,,. .M,lrnn ,, ,,,( Mmo.
Coiiirrj, 1. I l.ahf tiu, AMlrnr. lorl
"nillli .mil .Nr,v llrlfjin. 8i Tiiiium, Is.
V; YORK, l-Yli. :.',.
While the tone of Hie eott,,,, nmrket
was tinner tod.iv. hesl tirircs were nut
nialntalnrd b.e.iue of profit-taking
Trade was not active
The week ended bearish, Indicating a
small Increaso in the vlsllilo supply for
tho week, compared with a large de
crease for the same week a ear ago
The stock of American Is rapidly
ovn hallllncr licit .r lu. L. ...... ..
:....;,.."...:....'.: .':""" . . itm i & s
l"""1 " " "s ')...viij naies liclilnil 1 itoval Dutcli
Iiml nf t. in ,.V.. .1,,.. .'U.'U ..' -.lLM
. v,. , ..... .th.,, . ,11.-1,, ,n ,,, .lUIIllurV ., I . Vi !-
do 2d pfd . . 3a1;
Me Petrol . . Jll'i
Miami Con CnpBHi
. M & St 1, new !i
I Mldvale l.v;
1 Missouri Pae. . 33
I do cetfs . . . .Mil
Nat 'on e; c. 3,
Vat Mum & St 11 3.T1,
.Vev Con Cop. . Ifii.i
1 New Yoik Cent 13 K-
N V N II v II. 3M
1 N V Ont & W. . 3014
I Norf & West. .IOIVi
I Northern Pae.. a Si,
Ohio lies .... :i!ii
I Pae Mall ':4
Pan-Am Pet pf 1)3
I'enn KII. . . 13
1 Pitts & West. . sua,
Pitt, Coal ... 31",
I Pleiee-Arrow . .
I Press Steel Car
I Pull Par Car. .
1 Ry Sleel :pr. .
I Ray Con Cop.
Heading
Kll 1 A:
r.a
31
!I3 ' i
.1 Hi
n
13
33 Vj
30
I. Ill
30
ix-;
11
31 ,
30U
llll',
Klj
an'..
4I,
31 ',4
sa v,
. Ill
fill
'.. 113
x- 4 1 ,1,-ina i.piosives . . .
Hi, Am int .Mfg
r. . ii Am .Marconi . . . .
sit 1? , -Mr Reiluctlon
au, t; ''an Car Co
13a. H Can Car l'dy pfd..
33 i; Hi, t harcoal lion
ISfl'fc in, Chcv rob l Motors
l!l 1 a- Cramp
I3',4 Vi Curtis, Aemplaiip ...
011 iCarwen Tool
sH i;i Carbon Steel
Kill 1 i'. 1 Liner Phono
. . ' . - ' 1 .,,I ,-.. ..
I -.t.-l ,11 I ',
Ifendee Mfg
Inter-Lubo
ii,.' I Kathodlon llrnnze if
)ii, 1 Lake Torpedo Hoat..
, i.enign 1 oai .-..ties. . .
Lima Locomotive. . .
Maxim Munitions. . . .
I Marlln Arm,
New- Voik Shlpbldg. .
I Nor Amer 1'ap Pulp. .
I I HI, lllevator
Peerles, Motor ....
I oole Lnglneerlng. . .
Ridden Truck
Suripps-lliKith ... .
S S Kresge w I
11 1 ManiMril Motors ....
.Ill . . I Steel Alloys,
-,n, ' Submarine
3i'. ' - I Kt Joseph Lead....
iJ.-i; "n, Todd Shipbuilding .
-1 Triangle Kllm
ti I ' I'nlUd Profit Sliarlng
''.m
a
ail
'i
10
3.1
',4
oil
l'i
3
30
r.n
ST,
Mil
II
111
II
3S'4
111 Vi
an
3X
1 1 a 4
3X1,4
3 a
!l3r;;
at 1 1
ii
13 11
I- l
-111
30 '.4
HHVi
X3
an '4
31 '4
113
ill.
.1 ia 1 1 m iMrnmsnip. . . .
' , I'nlleil Motors . . .
11 n i I fnlted Sugar
1 World's h'llm . . .
1' Wrlght-Mnrtln All .
' Zinc Concent ....
su
at
XII
an
10
1
a
x
10
a:
1114
10
1 3 14
in
11
ao
X3 Sll
ax an 14
ii is
xi n:i',
1 an
Aiorr Mnr-1
lirlll J 11
mnr a- .su-i-i 1
Oil I'lrf . .
Il.lldwlll l.oin
lilt, uli- Stiir.is.
Oineral .Vnph.llt
In in r
i;,-.vii.n- Tel
I.J I f .
I..il," Sup i'iiiii
I.thl8h Nnv .
Ih'.'l Vllllel
LfIiUii V.i llo
,in im r
IVnn.i It I! .
riiii.1 ,'-:intric
I'lilU '
in .-. 11 v in.-r
!. '. n t i.ri'f
I' I! T tr 1 If., .
llf ndlliK . . .
Tomiii.tli lit Inn, ill
TiHifiimh Mlnllm
t'nltm 'I'ntctlon .
I' il I . .
T S Sle.-I
Vnrl, llv
In l-ref
Win I'rnnip X Son
Tod.i y
llnl .Val
Snturikiv
lll'l .VkU
IIHj
1;
IS',
ii:i'
"I run HI
. a7
11',
;.;;'.
L'.l
in
jip.
73V-1
a'
a'.
in
l'i
'."
ii' j
am
ll'a
l.-l
III
13
".';
a,
a';
ti
in
liS'i
in
:ki
S3
HI
ll'j
III'.
li
Ml
'i
..
13'.
U'l'j
:
in
a
13
:t3
3l
;o'.
a',
a' 1
in
i;:ii;
S'3 .
n'i
ai'j
SI 1
ths lo,S00.000 deducted 1
its Mid good win the r" f
lui Im only $55,3l(i. i'fl
SO,. 22 and the surplu,. after nlloneI itfl
of $1,400,000 for preferred stock JM fl
lends wn, j .!,nr..T.io ti.i ...1. ""' "li
. , ..... T, ..,, ,.iin iirnni -, ,
, i-.vi.uuo riitinii, made th
fieemiilllnleil ni,il-iu tli". o-- ,.fl . Ktt9
tnrr. u-lll, II,. l-BAnA " inere.
against patents
malnlng surplu
The following able give, a comnirl.
son of last ycar'n operation with tv.
previous cnr: '
Yrar rndnl h,riiil... , 118
nrnu suit., !is.3ii:i.ii
.Mitrmffuluriiu' 'p'tMrit
other liKoiii" (in
(ludlnn stnndnril
Sir, I Work,)
I.'ddj stone hulldlliKS.
(Iros, prnflt
TnXfs, Interenl. rie
Prollt
I.eim resrrvo fni- il.
po-lt
I.es, reserve foi
luxe,
Lis, enpltal i-hnrsc,
and ndju'tmr-nt,
I.i-,, nmortlzation
m.-it-hlncry, elc. .
I.f (apltal surplu.
ini.t vain.. i;ddv
llil.k'iia.sni JWlltm i
Sil.HI.X13 Misi'551
ii.iM.oii) iVd.:
0'il i .in
12 "4n is.-,
1. 3lii.mil
il.Jiia.iii)
lino oon
1 l.VI.OH')
33 IH
fill -.
1.4M,t
10.M.VM:
1.0M.4M
.!M,5ll
SOO.BfH) '
301,101
5.3.11.0W
stone hulldlnas).
Net prollt . . . .
Prrfrrrnl tllvlrinil
Surplu, for enr
Surplu, lorwnril
I'npllal surplus
Total surplu, . . .
Written off tuilrtUfl
nnd sood will
Pinal surplus
.1H3.133
I inii.nnii
i!.nn3,"33
S. III!'. lil.'
i.",.;3,:iii)
15 nn,onn
53.3111
.-.in,
ll'j
in
hi
3s".
.11
-,v.
au
a'j
ii
;n
US'
HI
LOCAL LOANS DECKEASK
Individual and Hank Deposits Also
Lower Than Last Week
The aicing condition of members of
the Phlladc.phla Clearing Ilnuso Asso
ciation for the week preceding today
Is shown in the weekly statement, with
cctnparls'ons, ns follows:
Ai.i. siuMniirts
l-'eh. 23.' 1 im-rrase
Loans 57S.ti;il.liil $101,000
I!,hHrispM t'ljriiii:
in. iiin, in
Ilii.O Hi. linn
il7,a:i2,iKio
II4.1H0.III1I)
K.l
13
ix4
on
u
30
S3
13 14
I a 11
i;
IX
l
',
'
31 ',
XI
ao
'."i
INACTIVE IMItLA. STOCKS
llOUSi
riup from Imnks .
Il.mk (liio.slts .
Individual deposits
I Time deposits .
Ilrserle With ld
erl llesrrve Hani,
nnd legal deposi
taries
a.:iii.nnii
a. l in. nun
s.i, :in5. oon
si.lll5.HUO
S, 255, lino
ain.uoo
XII
1 3 ',4
Vii
i a
30
XS
2X14
1,
SIPIl
II'.
on-!-; li
I 13
the dllTerenec was 1,303.00V bales.
mcjgo inierests were among
the
trading Dealings were I buyers todav. nan. of Hie Inwii.e,, -,...
U..- I. All ..-..'....... ". . -.-- -- W-
.-u..is..i in .,iiniit.-aioiis resenimg covering or short lines Or
ders from the South were about evenly
I
Se.itid A I. pf..
Sears-Roebuck.
Sinclair OIL. .
Southern Pae
South R R . . .
do pfd . . .
Studetiakcr
the i hamper or Coniiucrre there pro-' in me last hour elianges In prices ' Ten C ,t C
video. It was said, that In case ot iWault. weie narrow anil the undertone held Texas Co ...
the settling committee would take the steady. Large sales wire report-d at Xn,1 ''"l"1' -.
value of the cash article In all mar-1 several of these bouthcin spot markets J. '"'', r'ill'.-
kets Into lonsideratlnn In fixing a set- ' unchanged prices to an advance of r!!ltV,l ViSlt"
ilement irlce rather than the maximum ",0 Points. I'll Ry Invest'
placed on futures. The local close was slcady at a net do inrf...!
advance of Hi 24 points. I.' S In Alcoli
ix'l
"3
131a
IX
131,
.13-;l
XII ,
3.111
5XC-1
.-, 1 ,
1 191
131
551.4
1 3 IV,
03',
,13!)
fl'.i
a
2.114
II
13
IX
MDll
a Hi
x.vr,
3311,
3X11
.lll'l
i:
I IX
51
S-TAMIAIUI Oil
Illinois 1X5
Ohio 315
I'lvilii.. Pin,- :
, '" ! K O Cal 331
,,. I S o N J 51-
SO N V 30X
I Following ore flotations for Inactive, i fash in vaults.
! stocks listed on the Philadelphia Stock K'"' r"""" l1'!'1
! L'xchangc and In which theie wero no I xc. rr.,r,,r
transaction, today. Tho price given is
I (lie last previous clorc:
111 I.sh N.v v r w 1 ,
III Lit Urn, ....... '-'
l.lltls SVIluvlMU JJ
North Cent ... ,
PUT -7
Tsrin Traflln . . .2
Phlla Co rf. .. J
Phlla Co rum of .10
Phlla True ... 11
rtvvv Co (len... 4
Ton Minim ... all
Union Tr.tc . . ..
I' II t ni'i
I h' Stel pf. .iei'1
W Coal (new) 12
W Cramn . . .S'I
Went Cnai . . . 7H
53,2111.0110
III. K0S. 110(1
55, unit. ih m
as.fitn.iiiin
il. 150.II0U
III 5
a 15
::i:i
i.-a
Aoi His War
f A!liatn-n Insur
Aln-r llwv
Alnr rt'W pf.
A!T.-r Slorfs. . ",2
' Amsr Store, of !I2
, iiurr i. ,-us.i ur iii
Caiiwls.a 1st pf .'.3
i'"n Trne N J.. Ru;
, iln .Vsphnll . 1f.T.
fl'n Aspb pr. f 51".
I III K II T III
ill J- ll T nr . . 17
1 Keson, ll . ,l
XIJI Kevslnue 'll of 57
i Krv Ti-I 1st pf. 17'.
l.li Val Tr.... 2(1
l.eh Val Tr pf 2714 W .1 S S. 12
i.fii ,-hv iiznts York P.vvy PC . n:
ii ..... .ii n in i.i
1 1 117. W0
10.111 III
1 2ilt,l'll
2111.01111
1.1 11.00!!
MdMIIRRS riKXr.UVI. HYSTRM
Rtssrvo held SI7.07ii.cnn ji.nsa.nnn
llxrfssreselve 3.II0.1.I1V") 1. .1311.000
TIH'HT I'OMPXNIRS NfIT MLN'l'lONUD
p.i:.ii:iivi: svstrm
lleaerve ItfM . . 17.111.00(1 $110,000
l:ers!, reserve 2.217. 1100 101.001)
Dcerense.
In Hddlllon to Hi" deposil, aliove there
nprp this vveek $3II.IXT,IHI'I (iovernment de
posit!', usnlnst vhl(-li no res, rve I, renulred.
AlONEV-LENDINC. KATES
MMV VOIIK Money on call opened
2.MII-I
-MilMii:,
'.'"U.OOO
l.'un ...
I.MJ.MI
2.H(.j:1
!.S.l
's'lV.jji a'M
Financial Briefs
Ditectors nt the Keystone IValch 'i
Case Company weio re-ekcled at the "if
annual meeting,
) C. .lackllng has becoine presldtm
of the Nevada I onrolidated Copper
i oiniiiiii.i , n nit me vacancy caused
hv (lie death of S W. Cceles. R ti
(iiiggenhelm has gone on the Nevada '
.Mimic in i.tiiiu.iu iiumu 10 mi a riml-
lar vacancy. i
Lnrulucs ot Central Leather Com.
pany in the fourth cpiaiter of 1317 fr '
t2,ori l.nf I. as compared with $2,37 J WS
In the third quarter, $ l.nso.SKi in 'th
second quarter, and $0,7!) I 175 In thiv
first quarter. Th results for the lart
quarter writ a iiisaiiiiimineni. as well.
Informed men hi the leather trade had
ueeii prcuiciing a s'unstaiiii.t! increase.
Theie ha been placed on the" rerular
Hit of the Phlhidelphla Slock 1 1xchange
$7200 aildltlouul Vmerleaii Telephone
sun reiegrapn sioci, anil f(j:) addi
tional Westmoreland Coal Company
slock: on (be unlisted dep.-irliuciit $133..
.25 additional Plilladelplila Ulcctrlc
company ot rcnnsyivaiua stock.
The Klanilard Oil iiitercft, have
hnughl a lea-e on a fifty-net e track- of
land In l.ee County. Kentucky for $25,.
iniu nun win oriii at once
III
3311
550
New York Bond Sales
314 r,-n
!5'4 t'l
iNm:i'i;m:.NT mi, vi-ncio
I All 2
a
Harnett Oil & (las.
Cosden & Co
Kile Ilasln
Federal oil
Inter Petrol
L'.' ;- I Houston (111 .
it- 1 ' Merrltt Oil . .
3X1
511 (,. a
11 1
I IX (I
Mil
ISII'l 13lll
ii)'i nai).
1211
.HI
1 a
13!)
I'm
1 a
.Midwest Oil
Met Petrol
Oh'o Fuel
: Oklahoma Ref . .
. I .Rico oil
J ' Sapulpa Ret . . . .
" Sequoyah
. Sinclair
" I United West Oil
I
. 11,
. n-11
. '.!
. 13
1 1 14
. 31
. I0X
;,
12
B V.
BBS
COPPER
We have had prepared a
booklet giving all the latest
available data upon almost
all of the important copper
companies of the United
States, which wc will be
glad to mail upon request.
Armitt Brown & Co.
1424 Walnut St.
Members
New York Stock Exchange
Philadelphia Stock Exchange
New York Cotton Exchange
Chicago Hoard of Trade
$ARNETTOIUGASCO.
if Producer Itefiner Distributor
j.Wi United Stale. Fuel Adailnlatrator
.k sent out an urgent call tu producers
.$0 Increase their output,
". Barnett h greatly Increased Ha dally
production: from 11 to 411 well., naturally
greatly increasing Its earning capacity.
, Crude Oil has udvaneed o.
,jC Barnett stock at prevailing prices
offers an exceptionally attractive Invest-
Dsily active market
hare.
t.i For General Information
fc
around $1 23 per
Morton R. Alexander
Wladelphla Stock Exchange Iildg.
? tiuuam .,(.. js. j. .:i'v
Tlie belt rallvyay mndifird Its em
bargo by lifting the ban against the
Baltimore and Ohio and the -N'evv York
Central Railroads.
The high on March w.ts 801c: the
low Sije, and the close SUSc. com
pared with SSlsC Ihe final quotation of
Saturday. The best on May was S8'-c;
the bottom 8H140, and the final 88c,
against Tiic, Saturday's last price.
Huying of corn by commission houses
ralllfd Unit 111:11 ket after It had been
ea,Ur. Tliere was not much pressure.
Reorls of n blizzard In Iowa and fall
ing temperatures weie looked upon as
against tbn movement and brought
about covering by shorts 'The country,
however, appeared to be willing to seil.
1 II was reported that elevator inter
ests have had a conference with officials
of the (iovernment regarding the use
1 of driers for conditioning grain for ex-
, port. Chicago driers can handle about
425,000 bushels a day
' The vlslbo supply in the i'tuied
States Is 7.919,000 bushels, ug.ilnst
',,333,Q00 bushels In the previous vveek,
land 12,832,000 bushels last year.
The high on March was $I.27N; the
, low $1 27'.;. and the close $12713 bid,
unchanged. The best on May was $1.2";
the bottom $1.2C'-, anil the final $1 26,
against $1 2G34. Saturday's last price.
I Leading futures ranged as follows:
Cora (new deliver)) st.
Open lllsh l.on Close close
'Ih ... 1 2"
I Meh. . .1.27'n 1 27i
lny . . . 1.3'lS 1 2'1's
oals
Mch. . . . SSli Ml'
.ISSiJi 130'. 130V,
The market had a firmer opening, with ' """'f & " '"SV IV& IVif
prices 9 to It points higher. L " '.'"J" .'.''' ;V
This was due t stronger cables, good , Utah Copper ". X3 X3'i il',
buying of near months by Liverpool. Wabash .... x, xi)i x . .
continued dry weather in the Soulhw..,t . do nref . . . . 12
over the holidays and support from spot ' Wstghouse Mfg ll'.i
houses. I Wheel & L 13., ln',1
Realizing developed on the upturn. I W1,,r"OVerldl '!!.
novvever, anil atier tnc call tlie I'l.ukjt
was only about 10 points above) Thurs.
day's close.
Vt .MINIM
' Alaska Standard .
Atlanta
J- 1 Hlg Ledge
' I Hlsbee Cop (a pios)
la I Hutte New York. . .
' Con Arizona . . .
' 1 Cal & Jerome .
li ' I-mma Consol .
1 First .National . . . .
1 (,'oldlleld Merger. . .
,.,,, , (ioldtleld Consol .
-,..r.' "i'1"" ''a.'.l'OO slnire,. ronuureil hIIIi (Joldlleld Florence.
I 301. loo share, on N.turd.n. ' Coldfield Kewnnas. .
(Ireen Monster
13
II
10
I X Vi
13
II
10
IXi'l
l'i
.STOCK
. 3
. Ill
t'l
',
"l
H,
li".
X
ail
ia'
13
3 I li
HO
l'i
11
IMI
:!i
31
I ,'.
'iia;
al
13
II
3H4
111
X-ll
13
I",
HI
I
13-33
There was considerable. Wall street INACTIVE NEW VORK STOCKS "ccla Mining
nnd local yelling right after the rail, htii 1 .,....... . .. . Howe Sound
the offerings we,e well abrorbed hv , l v" "X? '. . S.r, " i Independence. Lend
.llm Rutler
.Ituuhfi Lxtension
Mc.Klnley D.irragh
Magui.i Copper . .
Mother Lode . ... .
.Mines Co of Am . .
Nevada I fills
tl
1 27 V I
1.2iI'-jM.
27', 1.37',j
2'l'tl.2ll
1 May
1.4 rd
Feb . .20.52
I Mch ...211.03
I July ...2U.27
1 illbs
Feb
May . . .25 30
July ...25.10
Pork
May ...48. CO
j
s'.
Ml'
ISO's
tss
s,
1S7S
'JH.2II
20.40
L'5 a;
2(1.21
20.50 20.112
20.02 (20.17
120.23 1211.73
121 73 23.3.-.
25.20 25.27 125.70
25 in t23 70 20.03
48.711 48.55 t IS 35 49.35
Hid. tAsked. J.S'omlual.
NEW CHEVK0LET PLANS
ANNUA!, HKKTIN08
UUIIOU COAL , AND NAVIGATION
LOSirANa
PhlladelDlila. February II. hiir
hm Annual Meeting of the Stockholders
Um Ldich Coal and Navigation Com
Ihjrwlll b held at ths pit) ot the Com-
,1 ,87 unesinui si., rnusoeipnia. rt
ktuarr X6, 1018. at II o'clock i. m.,
.-and whera an elertion will be held lor
stent and, Hoard of Managers .to servs
faes.-of th Annual Report can be had
fc Company'g oJTlce on-and' after Feb-
M8'J l "' IIBNIir H. TM1ASE.
f ' Secretary.
nrriCK iik ,
BflNRHKHIT & COVIPANY
KKI('AN I'Tlf.ITIr-.sl CDVIl'AVr . V
Annual Meeting of (he Mtockboltfers
Aaasrican uiinosa company ana the
: uireciorp ko serve tor ills ensuing
s torn.
Pa., on
m.
1 be held at the office of the Com-
L'n.iinni a... rnn.n.iDnia. i-a. ,
W, rebrosrr J 1th. Hlg. at 2 p. 1
VRTHUR BJ-MILt,Kn. Secretary.
JBtXlBi
AWtmWAtff AAS COMfANr
; mhw Bni .
fewtTTi N, i.
1. February. II. tois'
Brur'dlvMeesi ot fmn eeM, srM
n9 veen'oswearw n H.WII
ews
iTw"B3s:
Company to Continue as Branch of
1 General Motors Corporation
I NI-3W YORK". Feb. 23. In connection
with the notice to the New York Stock
Exchange by tho Chevrolet Motor Com
pany of Its Intontion to dispose of Its
holdings of General Motors Corporation
stock, it Is officially stated that it Is
planned 1y the Chevrolet Motor Com
pany to liquidate by distributing all of
Its stock of the (ieneral Motors Cor
poration now belli in Its treasury to
the present General Motors Corpora
tion stockholders, also the 282,684
shares that It Is to receive from the
General Motors for Its plant and assets,
exclusive of present General Motors
stocks, on the basis of 1 1-7 shares of
General Motors Corporation stock for
each share of Chevrolet Motor Company
stock now outstanding.
As soon as this Is accomplished the
Chevr-let Motor Company will be com
pletely liquidated and its stock will no
longer be outstanding, but the company
will continue and will be known as the
Chevrolet branch of tbe General Motors
Corporation.
Biff Jump in Sliver Exports
I, WASHINGTON, Feb. 25. Tremen
doua Increases In the exports of silver to
the Far Hast are shown In detailed
futures of the movement of precious
metals In the country's foreign trade
ffor.lin. China took $12,108,000, twice
ap mvcn'ss ail .no didviuu. jrrurr nuns;-
k(HsJfcbouht-i$8,ol2.7Sl worth, as com
4rH"wttli.l57.rn. In 1916. and pur
chase i by. rlti! India Jumped front
continued demand from Liverpool and were no transactions today. The price
.uMir-e,,,- iiue i-.tuii."., pari 01 wnicii given Is tho fast previous tain:
straddles. A.ivaneo Hum.. .. Nat ., Xi
lixcept for leallzlng. theie was little' Adv lluni nf.. r N Y Air lir.,.e '1:1,1
pressure In evidence on the midinornlne- A f.' lui ,n"aii' - Vi , ,E.ck. v.- "l'i
'',
no
15
53
ax
3S
I",
I
HI
0
'I
03
11
5 il
ao
311
HI
15
aii
HI
II
30
lll-h
JIO'ni Amer Agr 3s 11,11
IH5 Vinilolrin.li 5s.. ini'j
llc'in Am I'or See ,"h... I'll',
'!" 1"l Sm k lief .-. S,'
.linn Amer Tel lit Is. S2
imoil ilii 5s II l.
Won do cvt l'i in.
noon Atrhlson Ben 4s... S.Pv
lanoil All L'.i Line 1st Is M
a 1 linli (. ohlu 3'js. ss
M In 5s S3
20'in iln l 77
111 In ev Pis . . . 7:1
1 11 lle'h Sll 1st ,' 31I, Kill.
mono IlklMi II T 5s IMS. n.",'.
12'in'l bordeaux 11, Mi
sunn On (lov( f.s 1H2I . 05
Mi"'! do 5 lOlll .... I2'
2(11111 Com Leiilb 1st 5s ill',
Minn Chill Conpr 7s ..lnii'
.-.linn ( Ins k Uli evt -l'v 7"
.-..'.nil do evt 5 SO
2IIHII Chi f. Allen M',K 511',
131)1111 Chi (II West Id. . . 50
320MII c II .- y Joint Is. n:i'.
mem do III 3'as . 71'.
Illll'l rto III 4, . . . . Sl,
KliKllI CMaStP gen In '.Tn Sll
50IHI do rbl l'as. . . . US',
5(l0il .In ul es 7K,
11 II do evt I'm,. , . . 72
2IHIIICI C It I 1' ifd 4s. OH
10 li Is 77
lllllll Cil t. So 1st Is. . M'l
3.111110 I'll, of I'.irl, lis. . SO
limn c,,u i;,, i-vt Us . . . 1 nuT.
i.nnil Cuinheiliind Tel 5, V:
1 oiv
inn
Wii
Uli
XX'
M'
.11
nt
s:i'4
s:i',
n - " -.. v l-v iii .
iiuiii it, nmrn carr pii nrtiv. mnnMiu a tn Acri iiirm. n, v n p m - . :.?
some 20 ,o 32 points net higher. An. Caj-J.rp l.Iiujj , j,'-. -',, N,yada Wonder .. . I. II. .
At a spedal meeting of the board of JS . flHt" r-;,-.? xSff ivUl'iJ? "'' f-oppir" .'. '. . i... . ii (i i
managers of the New York Cotton I-3x- Am bm v'. '': ' ,. North Amer..! "$ , Ray Hercules H4 l-ll H
change today. It was decided that the J" nmeit ! ' Ohin ncol,a. ritl " 'J',n 'r- ,:l ,:! ls
cotton remaining hi the Independent Am Sugar ,1-f- J u Oh ""ei's'u,', ,. Stewart 3-33 1.33 7p1
"Hush Terminal" was no! a good de- Am T?ni of new s Ontario silver ' 4& Tono ICxten HI t!t I"
livery on contract. i!S nl A 3d if 3l. Z. 03S !""".vrr" L1K,j 51'.'" ::
This action was taken h, view of the An &,Tt W Pj pWfl- '?. $J n" . J ; .' .' ; ';', .'
order received from the War Depart- J 'a'li uf ill' ."", 'Ai " wi le Ca s ... 1 li ,'., 1
ment, to the effect that present owners ilii oil 3Vj Kr' : -T-ii'lle 12'. vv.H ,.(, 10 12 ..
25' .
of cotton in the Hush Terminal ware
houso must not deliver their cotton on
March contracts to new owners.
I nurHUay s
I 'pen
ai.iui
Mareh
liny .
July
Oilober
Cpot .
In
:tu s5
:m. ,-,.-.
an.ot
"K SU
32.00
.:o 25
20 05
lllzli
.11.15
31 no
an. I.-,
2 10
Iaoi
311.03 an in
30 17
2:1.11:1
Close
30.114
.10.73
30.21
20.15
LOCAL MINING STOCKS
TONOPAH fiTOCKS
a. er-lvilflilll Dfl?! -
Ail Illrin & At! S'S
li.it larL
e n 1 4 r 7 pi
111.11. .,.-'' e,ti.
no, , o
X'U Hie
Savage Amis
Bid
Jim llutler 00
MHrNnmara 15
Mliluay in
Mlrpiili Rxt nil
Montana 12
Northern Star oil
Itesrue Kula (1:1
West End , 72
OOLDFIHLp STOCKS
Atlanta ' 11
Illue Hull 02
Booth 4
Dlamondneld II II I
Halsv Ill
Keuanas 07
Oro , m
Hwndstorm Kendall m
bllver Pick U5
MISCELLANEOUS
Arltena United 17
Nivada Wonder 1.25
Tecopa Stlnlng 10
p.1 te.. ... MS baxon JloliV,; Ju,:
Clll . (It West 7'. ..eaboi.rd A I, . JJi
L N W o: I3'"4 Shattiiek Ar I. .' 2
t-I'hdv ofl!0lt Hloss-Sheff ,..; i,,.
Chi
Cht t
L'luel
HO MIS
Hetlilehem 3 Mi x
Cosden Oil C.. xo X3
( 'osden & Co 6s XII S3
cudahy f.s 01 97
Rus liov 5"jS 33 a.l
Rus (inv fi'2H 10 13
South Railway Ds . . . !! !
Sinclair oil 6s xo s.i
Todd Shlpbuild Cs . . fix 'JO
SIP.
115
S!l
115
H3'
llll-l,
100'.
lll'l
711
5(1',
51--.
n.i
7 l'i
SI
Ml
IIS
7X,
72
nil
77
sm
85',
Kid's
112
SHOO Cerin lie P.lBio II,. 11,11'. Idll'i
II Cp Shnrl Line Is . ,2'j ,2'a
Mlllll lien A II In (Ir I,. CI'.'. llll'.
lllllliil Ills s., urlorp 3s. ,11'.
20011 Rrle sm Is. . . . 07
22KIII" Pi. mil lleimh .".'jh nl'a
2'mn Indi.ilii Sleel 5s. 07
1I-IIIIII III Cent 11 I053 . 7C.'-i
Inlerli Met 41, s . ,Vi,
.-.niinil Inlrrli It T ref ,-. S5
220(111 Inler Mi r Mar lis Ill's
: Kan CUy Mo 5s.. 75-j
Kliill Kim I'v Trr 1st Is 75
lliilll Lick Wtrel 5s '23. IMI'.j
lll.ll l.k Mb s'en CI ' (, is . . . 73
.Minn l.eb V X T en 4'i tin's
llllll) I mils A- NhsIi Is. Sll
30X01)0 Ml, Bonds 3 Vis... HH
9135IU1 do Is '.
21(S)I, llo 1st 4,
20110 Mnrsellle, (Is
iloflil M H I' M S M I,
120OII M K k T let is. .
K1O11 Mel W of Cli
I
Close
Km
SH'
till
XS's
XI'.
Ill
III
S3 ',
s:i',
s,
S2
7s'
SO'.
n.v .
S'I
IT.
112'.
IM) .
"',
70'.
7!)
511',
,MI
113'.
74'i,
St
Sll
OS'.
7h.
Il"l
77
SV'j
Sll
Kill's
1)2
linli,
?-'l .
Tin
1',. ner cent; high 1'j; low a; last "".
3: closed 3ii(3' ; ruling into li per cent.
The character of tlie money market
Is unchanged for all maturities on In
dustrial securities or good mixed without
qualifications.
Prime sank acceptances show a mod
erate change In quotation tot li and 4
tier cent for prime member bills.
I'rlme mercantile paper Is quiet nt
5's'K 0 per cent.
Rankers Trust Ciiiiiimii.v New
is Iru'lee. bas alcd offers of
I Co king Valley Product! Comnaiiy
first mortgage : pr rent sinking fund
gnlil bonui uairu .lauuarv 1 rm, for
sale to the trustee to exhaust the sim
of $l2.32o. The sale will he made on
t'i 13. nnd the bond, must have the
July I. 1 U is, and all subsequent coupons
attached.
.1. O. Watson, president of the Monon'
gahela Valley Tiaetlon Company. n.
pounced In Clarksburg. W Va thjtttii,
coiun.inv wouhl begin work this year en
extensions costing sa.noo.oon New1ijeqj
are lo run from Clarksburg to Mlm. '
Grafton to Phllllppl, Fairmont to Mor-
gautown and Weston to Orlando.
LONDON Money on call was un-
changed today at i per cciii. inc..'''1' ,. ,-rll0rl of Ctah Conner for th
of discount hi he one,, ns, i-ei " '"'i Ia,t ,,u.lrtc,- of 1917 shows net piofitot
IMIII.ADl'.l.I'lllA Call, C per cent:
time, 5'sffS Per cent. Coinmeiclal
paper, tlirec tn four months Bj53i per
cent; six months, 5iSri
i
11'.
ill
a 7 n
07
7.1',
5.1
sin
02',
1 and three months bills was J"s per ccm.
unchanged
HANK CLEAIUNUS
lluni- '-'enrlnss (odnv ompnn-d wlllrnir
respondlnt .lav last two ers : i!il(.
IPhllr . $54.01.2.141 $.V.M..!2.0in ?' n?.-K
I Reserve Ilanks' Discount Hates
nniei.il discount rates at the twelve
Federal Reserve banks were ns follows:
(Tho first column gives rates for all
periods up to anil inciiiuini, m- """":
1 I iv maturity, tho second for a period of
sK.een t". nlliety days. The third and
fourth columns give Ihe rate for red s-
l-o lints of collateral loans secured by
Government bonus or no.
. C01.1' I Pl"r
in in ;"
I
I
1.0s.
su
73
loll,
73
non
Sll
(17.00 01.90
IIII.KR 1IH.1K lld.XII
lll.as 97.31 UI.30
SKlit SN'a S.j
so so so
111 (ii nt
S3 klv, hi'.
07
in' nnl.s
53- ! Roslon
S I". ! New Vnrl. .
rilllmieipum
l'eelail(l .
Richmond -
Albilila
Chlntgn
St lnlls .
Minneapolis . .
KansHH City
Dallas ......
Sjii Kranclsio
ilys
, 1
. 3'i
. 4
. 1
. 4
. 4
4
. I
4
. 4
. 4
. I
lllJH 1
I'-l
I'f
41,
4'y
4ij:
4'i
4'i
C!ov pjper
10 lo HO
i dsvs llH'.S
3'i "
r.'J 4
3'i 4
:i' t
3ii 4
3'5 4
i Mi 4
Ti 4
1 a', I
3'i 4
3'i 4
3'S I
FOnBIGN KXCIIANGE
vrvnu-. Feb. 25. ficanuinu.,....
lino M Knn T .-.. . . r.i .;.:i .. , fNri,Bes we.rocnsi.i ... --"' - -
'.HM.n .110 ,-ae pm 11V s '!' ' 1 ,.u InlblV but llt'll'm"" ; ; " . ,..,
1111111 Montana Po .-.. l.o'i Wa, ,U i,"1: ,,,, a' strength was displayed b
.-.noil New i.ri T t M c.s in', ui'i inn llrmer and ."",',,. a coo.l rally. llul-
niiN V C1m.1l . ..Kia Vi.',, 102 guilders, Llrfi """- J m0,lerale scale.
:inn-. N v I I. S a'.,.. .-'; o.l'l ili'i I ness generally """.I'lptiiffprence be-
:i(.iin N V c a II (K... n.i'. nan I' , feature was be w Idc 111" en -- .
'!!!' ..'l'i )'' ::,.. ?'' Si'4 5i' I twren cables ami checks o Sw iss The
.limit ,-, i uy im ii,$;. hi ni 01 1
cSi so" mj W g unlwiiiVnVnf Jg.i ' RAILIIOAD EARNINGS
IP i-S'mu -labTtee" 27- Stuti Slo.or '' ' 'ill. 1 NI3W YORK (T.NTnAL
il'? Con O V. L f S 00 Hup Sleel . " i I 11)17 Increase
'li Conf mi Cal M 11J4 Sun stl 1st nref ns ' 1 l)eeembr gross . . .$10.nss.S50 $1,035,420
nE Corn Prod pref. inn Texa; Co rcis. f iuV Net .. . l.tr.s.nwi 1.271,1151
13 Crucible Stl Pf. 0 Tex & Pao .. jj; Net ..per. Income. . Il.a02.401 1.4I2.HIII
vi B'nwS." . 7s?m$'- T!r'non,8ro":2SW3o .wt$s
.70 !''fLt..''!JKn,,'v,u. ,t ?.':-'.'. Wetri .2 1 Net oner. Income 41.021,711 '11,838,605
Lrl. T.I pre! . 25j; f Pf ,'; W P, sj, r0LOllADO AND SOOTIIKIIN
Fed M t H Pr',:3 Thlrd Av. ,. ' '.St. fSecond week Kebruary $3l5.44t) " $I3.22
n.n Chemical,. 133 . Trin..iv:' '.! I I 1-.Z i.,.., I ""lliniia '30.570
.02
.03
.01)
02
.0:1
.07
.20
1.50
.18
NEW YORK BUTTER AND EGGS
NKW YORK., Feb. 25. IIUTTllIl He
eeipls, 10505 tubs, Market weaker. Illah
score. 31 OSIViej extras. f,050!,c. firsta
is'! 40Hcl seconds, 4fl4Se; state dairy
404 50e: imitation. 42&421ir. 7
i:aOS Heeelpts, 11,HI1K cases; Msrket
unsellert. Kxtras, ft.Vj exlra firsts, r,3Vi
54cl flrsta. 53cl seconds, .',032c: white eggs
nilfrsici brown, 535i)o: mixed colors 63
tt'SIC.
Uell Phone's Net Cut by Expenses
Tho annual report of tho ncll Tele
phone Company of Pennsylvania and Its
associated companies, which came out
today, showed gross earnings during
1917 of $23,9:11.240 as compared with
$22,709,183 In 1916, but Increased ex
penses resulted Jn the net being only $4,
872,235 against $5,970,774 the previous
year. After the deduction of Interest
and dividend charges there was a bal.
anco for the year of $508,764 compared
with $1,754,242 for 1910.
BAR SILVEll
Last iota
.i..r.l (lar.. 3H4 Ti en . n";.' ?."?
... -. ,.Q. .-.-" --... ,. ,. , -li
nen (.'Igsr.P" J s llnderwd T rf li, "
Oranbv .Mining. 70 jj nag tr pknhu.
r.,,l( States Htl 93 Un lit- n t..." IV
t.......m Cnln. 35 I'nll-.l ,,..: ... n-
l!S'.",.T". .i'li. ,,
HaSKeil V .arii
Havana uiev. .,. '. niifa unii. , . titiu
llomesiase ... " uni.i nr-s 1st pf sV4
" .,- .,"." . ' Hew
i nii5??S!18SH
Illinois Central. OH IJntd Dry- 2d f 79
Inter Cons Cor 8 United PaD lid! iSvi
nt Nick-el pref. 103 IT H ci'p iTr' ,'.
Iowa. Central... 2X II g f I p nf.. 44
Jewel lea .... --, .. n inn Alco pr ln'5
Kan City So . 11',, II K I ea tvr Imp I3'i
k i:ny no ii . w n i.eaiiv imn
13 l"t nre
JJ H nubher
.,0
uellv.Hnrlnc
Keok & D M
. ..tmAm Has
iinub t Tire 13H
Lehigh Val ,2
Irltlard ...... lX-1
Mich Central. ..Il
Mill & 8t L new 1
Morris li r;ssex 3'.i
M K t T..... ft
M K T pref.. X
Nat Acme ... S
v..; iii.ciit .. ion
Nab lllscult D(. HO',4 West Pse!"
kst cm "ul'-.89.. West union
so
lis nub 1st pf'ioii;
Utah Hen Cory. 15
Va Car Chem. . 4J(,
Vs.rar Chm Rf.liiil,
' Coal I Coso 113
Wabash pf n, 23
Warren It R... is'4,
Wsrren II II it 7H
West Md 101,
West Md .') pf, ail.
vill,
nil
$20,501
K1I.0IU
15.0S5
13.382
Today Sat. Mon. High il
Nst Clk H PI lU'iV, 'Westhse 1st pf CIS
ns" r.n s. di v. ew "-s. n e- 1 n 01 :"-s
Markay Co ... JA'4 White Motors.. 48
MacVay Co pref v.njn v-u o,f im
Manhst HI .... HI Wlernns n C... n'4
M! lBt 8lr 471A Woolworlh ;...1IV
Max Mot 1st pf 02 Worth P M. 41
Mex Pet pref,. ., Worth P u
Mont Power ... 71'-i pref I . .,. 02
Nat Enam i. 8 09ni
B. R. T. Defers Action on Dividend
NEW YORK. Feb. liB. The Brook
lyn Rapid Transit Company deferred
action on Its dividend. The rate here
tofore prvaiiin$T naa oee,n 1 per cent
Quarterly, or a per cent per annum
CHICAGO. INDIANArol.lS AND
LOUISVILLH
Second week Feb... 100.57.1 ilLS.SI
I'rom January 1... 770.839 2X0, RJ3
MINNEAPOLIS, ST. PAUL AND SAULT
.,. JIlAllll.
F.eeond week Peb. . . . $490,500
I'rom January 1 3.003.4S2
ANNSniJOIt
Second week Feb,... $-1,.l;0
Krom January 1... 2s0.tjOI
NonTiicnN pacific
Dec net after taxes $1,414,000 $l,Ml.a:S
12 inol; net nfl. US.. 21,413.0.15 M.I0D.J47
TOLKDO. HT. I-OUI8 AND WLSTKHN
Second week Feb.... $130,442 ' $0,581)
From JanUHry I.... 023.1123 '141,891
Decrease.
Alaska Gold Defaults Interest
IIOSTDN. Feb. 25. The Alaska Gold
Mining Company has defaulted tho In
terest on A aim i ueuemures, uuc
March 1. II waa determined not to pay
the, Interest, due March 1. 1918. on, the
company's A and II debentures, owing
to tbe tact 11 iiau nj-i me necessary
funds available for the purpose. Alaska
has outstanding $1,499,000 6 per cent
debenture A. due March, 1925, and
$1,500,000 fi per cent debenture B, due
March, 1916. Interest on both Issues
(all due March 1 next.
lllllll .lO !', IUUI . . 'S'.l'.
51111 1. do I'm ino.'i on
2IHI0 do l'.j M.iy '57 mi''.
1111111 N y (i II ft I' 5s. si's
2 N V N It t! II lis. S5
Kinii-V V llwy ndj 5s.. ls'-j
Hum N Y Tel gen l'i... X7''3
511(111 Norf fi West 4.. hi
moil Nor I'ae prior Is.. S3
I (KID do gen 3, (l
2011(1 Or" Short I. Is... XI",
lllllll do 5s III'.
4111111 Ore Ily & N Is . . 72
20011 l'aolfle due 3.... Ml')
iliiiii 1 enna gen i-i s-jib !"-'
1-.-UUII no en , a i'i
llinn Pub Serv N J lis.
1-jnilll Heading gen Is..
lima Uenh Cuha 5s 1001 05
Kind Sinclair 7s 87
('(Km do war 7s III".
2110011 8t la H V nil. . . 117
20IHI do Inc -r.l'i
2SIHI0 do Ser A 5S'
I noil do Ser II 71',
211011 St I, Sivn 5s 51
210(10 Seahrd A I, sdj 5s nil's
1100(1 South Pae evt 4s. 78
12000 do cvt 5s OP.
1 J (Kii! do rM ,. 82
2teon South Pwy gen Is nt
I llinn iln 5s 113.,
20(10 Texas Co lis .... H0'A
10011 Trl-Cllv 5s 02',,
BKiOO I' S HuMier 3s., 70.
11100 II S S fc H Us IIO'l
IIKKIO II S Steel a f .".. . HU
SOOO Union Pae 1st -Is. 87
r.nno do ev Is 80,
320(10 u K ll n c I .is., on
.-.mini, do 5'ia HUH... OIH
. (lllllll ilo.'iVsS new 1019 00
12IHIO do 5'is 1021 ,. I41
innn Va Uwys 5s .... l"Hi
llsio W F.leo Cs 97
Ml'i
no
OH1.
xs'i
X5,
18'i
87'
81
82
llll
xi;
5Vi
72
SO'.i
OO'J
II7'I
sn'i
nil
in,'
88V,
h.l'a
Is.
87'a-
81
82
III I
Kl,
ll5Vlt
72
SO'4
DO"-,
07'i l'7'l 7'.
7K,i 78'i 78'a,
su, sc-i m
93
m'l
mils
49'i
57 Vi
7iv5
51
r.o
77",
in '4
82
no'j
02'i
0'1'i
02'5
77's
IldK.
P0'4
Sil'l
80 v!
118'i
074
118'i
III
oo'.i
07
o:
87
ni'i
mi',
4 II "a
.".S'I
71 'i
51
50
78
Ol'.i
;o';
02'4
wis
02 'i
78
fill's
Ifl I
87
sni
08'i
0714
ns'4
lll'l
pill,
97 '
Willi
"oSlo'to ai-altabhity -of on early
Jri?kttM-"-
nilE,7T.nh'elnio.chVdisV72.i
ss cables 4V4S. checl-s 4.48VV.
(Juilder cables IVjiftiVio r
!.U" ca'b'i s9 nnallyiaV.'checks
$11,310,781, rrjual to $.ri.".', a share en
1.021.190 shares of stock ($10 par), com.
pared with $10.r,51,Oi;8 net profit for thv I
same quarter of 1910. erpial to $6.55 a' 'J
snare. 1 oniputeu on tne naeis or quar-,
lerly icporls. total prollts for 1917 were 1
J29.9SLSi'.S, eriual to $11.1." a share,
against $24.10 a share earned In 19H.
Tlie New York Subtrcasury gained
$039,000 rrom tlie naiiKs on Saturday.
FOREIGN EXCHANGE RULING
Declaration of Nonencmy Interest
Required From Customers
NI'.W YOI1K, Feb. 25 - Fred I, Kent,
director of the division of foreign el
change, or tho Federal Heserve Bank.
Ibis afternoon gave out tho followlni
statement:
"Iieclarations of nonencmy Interest.
known as customers' statements, must He
taken bv all dealers from all customer!
for u-hmii transactions ill foreign ex-
chango am undertaken. Dealers are rot .ii
required lo take, customers statements
from all other dealers, as such dealers
In turn must have taken proper, cuj. j
tnniers statements.
"The regular censorship stamp of deal
,.r muv lie n,ei1 nnnii letters Of &PP1I
...'it,...., IVtc fnralrrn eveb.-tneA SerVlCf
...,..ir .-. ..... n.. - - - - ,. ft
from other dealers, as evidence of WI
fact that thoso asking the service are A
dealers and that they have provided J
themselves w ti customers- siaiemtiiu-e.
Hankers who are not dealers, as wenfja
as other persons, when having occaaioas
to transact loreign exchange u""
.. i... ..-..I- !.. U....I. .ln:llrS CUS..
Willi iii-ian-,r. iin,.-v s,i' ruv,. "--"-.--.r i
tnmers statements All dealers shouoJ
advi' their customers or incso conu.
llons." (.raiiulutcd Sugar Unchanged
NKW YOnK. Feb. 25, -Ilellned sujarij
Is unchanged, with local rcflnerj quoj'S
lug 7.45c. The Federal and the )r""J
emiuiaiiles contlnuo withdrawn.. Cuoaaj
.. ,ini,..,,irA n. r. nnr.e.
Iln illtl UIILIIflllbVU Mb .vv
DIVIDENDS DECLARED
American Telegraph and Cable Company,
u.usl quarterly of l'i per cent, payable
Msrch 1 to holders of record February 28.
J, -I. uase inrrsnina Aiacnine iuiiiiu.nr!
regular quarterly or 1-,
rsrreo,
Telnl sale,, 13,310,000, 10 in pared
$7,013,000 on bsluriluy.
CHICAGO BUTTER AND EGGS.
(TIICAIIO. Feb. 23. KUCIS Uecelpls. 823
esse,. Klrsts, ailiMl'.jc; ordinary nrais.
.i!)4fl0ct mlst-el1anfius, cases returned, ai
rt:iucl miscellaneous, rase inciuoeu. awv
in... evlrus. mlers. 43ol cartons. 40c.
IIUTTKK Kxlras. 48ci extra firsts. 47ei
firsts. 4-i',i fJ47c: sscoiias, s.xptoftri laoies.
4OM0',in: proces, -ll'.i 43c I tubs, 50c;
prints, 5lKc.
Tobacco Co. Pays Interim Dividend
Itubles cables nominally
Ktockbolm cables 32U, checks 31 .
Clirlstlanla cables 30-h checks 301,.
Copenhagen cables 30 -i. checks 30,
Lire cables 8.7- checks 8,,J'B.
NEW YORK COFFEE MARKET
lFW YORK, J'b. 25. There was nil
ie-'.'.tnr oiienliiB III "the market for
coffee futuies today, March being 4
nolnts lower and other months showing
a decline of 1 point to an adya,-co o
2 point, mere -nan ""' i-.
n the March position und a fair demand
for the uistani nminn
Mnrch ,.
May ....
July ....
Sentemutir
October
uecemoer
Open
7. S3
. 8.10
, 8.2!)
8.42
, 8.3 1
High
S.IHI
8.22
8.35
N.41
8..M1
8.(13
Sat.
Low Close close
7.85 7.HH 7 80
8.12 8.20 8,13
8.20 8.31 8.23
8.41 8.40 8.411
8.3H 8.511 8.45
8.5H 8.59 8.31
I'aria Bourse Today
PATUB, Feb. 55. Tho Bourse
steady today.
irilAI. AnVKKTISFAIKNTS
v-sis. mitici; is iiisutnv oiven thai
13V appllcallon has, besn made to the
l-blladehihla fcleetiir Company for Issuance
if Vi" stock certltlc-ates to rep ace the .tocg
r.rtincatea In the name of Delia IJ. Moylan.
Stock : certificate numbers 3428.1 and sslos.
for two and three aharee respect vely. In
the Philadelphia Klectrlo Company, tbe same
having 'eenVf.'cjIlAH J. MINNICIC. Jr..
liv fe rstate of Delia n. Moylan. Dee'd
rertlBed PublleAeeountanta
JJBW 'YORK, Vtb. 26. An Interim
dividend of 0 per cent of British Income
tax will be paid on the ordinary shares
of the British-American Tobaccq Com
pany' on March 27. All transfers re-
a.ivaii in oroer at laonaon dv tuarcn ir .,-- ia-. vti
L'-ff '",'". J. ',1'..''J,.S",.:.2S sdlbba In time to be named for say.' . .ml. Trioo?: Real lietate Trust Hida.
rj". payaois 'JVJ.ITH. . ns sttMijssH v -z vt(UB4ltl to Irtnlstisa- r-, uU," 1' - .,Tx report. -
UIHKCTOBV OF ACCOUNTANTH
LAWIIBNCB B. WIOWN t CO.
HIB HBAIa B8TATB THUST nLDO.
INVESTIOATB ADJUST PAHTNICRHIIIP
(() KPOKATION A DISPUTED ACCOUNTS.
Oeorie K. Watson. C. P. A.
EIGHT
STOCKS
active on the Now York Curb
aro charted and discussed
from tho standpoint of
Spring Market
Possibilities
In Ihe rurrent issue of ."CURB
NHWS," a 10-page publication con
taining latest new, lommeni,
lustrated features, statistics "
ansljllcal Information on the sum
traded In. on tho New York Cure,
tho aeeond largest stock market in
(he world. . ... v I,
Send for "CURB NEWS" 767-T.U.
(Mailed Free un nequest)
JONES &BAKER
STOCK PROKER.,
WidenerBWg.. PhilaJelphU
....a.,., mi it isoo
rHOwea xVjtw t
Htn YORK PITTSBUad
CKICAOD W,w(-
irel Print mi
ll'Wetier ilullrtlno, I'hUaiitpw-
without poligauou ; ..
"CUIlll NKWU'r .and "8prlo M"
net I'osslbllllles.-
.Vanie .
Adfrr.
CUu
, -!.,, .....,
;
'
, .107tTJ
-1
rfB!T'?,;
.m."?a" 'm-. atfiSaiSiw;:;
m
K:? '
(JJ1L-&