I Ktncfenfrt
; trltlan Ireland
L Collateral Trust 5
a September 1918
SUREO BV PLEDQOF
1NITIE8 OF CORPORA-
IN THE UNITE"
res AND CAINsU, v.ns-
IN PACIFIC RAILWAY 8E.
IITIES AND NEUTMAl-uuv
"IMENT SECURITIES.
3E AOQREQATE VALUE
Kr collil at ALL TIMES.
LEAST 120". OF THE PRIN-
AL LOAN.
.ICE. AT THE MARKET.
Bi -TO NET ABOUT 7.60
pEILLY, BROCK & CO.
mfe'J n.Mii:in
Wt fji -06 CHESTNUT ST.
IS -'.; rini.Aitui.riiiA
' E MftftCH 12, 1918'
NEWS OF THE FINANCIAL WORLD-NEW YORK ANi) PHILADELPHIA STOCK PRICES
LOCAL STOCK TRADING IS SMALL;
IRREGULARITY RULES TRADING
ON NEW YORK STOCK EXCHANGE
Hi
New York Stock Sales l New York Bond Sates I. Sales in Philadelphia
'Prices Move in Both Directions Until After
noon, When Declines Become the Order.
American Telephone Off 4 Points
High Points in Today's Financial News
liregutnrlty teen the rule on A'eio York block l'xehnngc during moil
of the semlon, tilth ilec'tnei the ortkr during the late iiadlng. llHiinem
Hilt alow on the Vurh. drain icim inclined to neakneai. Cotton ndtanccd.
tl.lrc ttxre stronger In fnrrlun exchange market. I'.xtta dlvldtndi tiere de
clared hg Amrtlcnn llrahe Mine and foundry Company aand the United
Verde 1 :tcniton Mining Company, The It'iifcri Union Irhgraph Corn
pang Inctensed (( dltldend rale to n 1 per trnl baili. liar sitter vai
higher in Xcte 1 ork and London.
II tall lativ
laska (lolil M l. It.
Allls-Clialmcis SOli S1',4
Am I'ati tn'c,
Am Car ,1 I'oun ill, im,
Am It Ac I, pref MX, wi
Am Unseed sii'i, 3.14
lo iircf . i.i l.i
Am Lorn (ifili B.1V4
Am Mult . !(' It
do pief In 1(11,
Am Smelt . HJ"n Klf).
Am Hum Tub li.l lio
Am steel 1 ilr i.ii i.
Net i ,
Close the '
tit.
JS',. '
101,
inn 1 I
r, a. "
:i'u li
1.1 'i
n;'j i I
!l 'll '
tfinj I' I
HO) I It, ,
tll'.i "h
I.II '(.
Illsh
Is S'l'i
.1. Inn
s!S'!.' ," ''"r Hi 5 l'"i
'""" .enter el rll 4s . sj
Hiiiiini , j,,' " -,
Iiiiiii Amcr Writ c :. si
1 Armour Co 4's si
" ..tuiipon con ii s-
''""''"AnHnlVrnrli
jinn Amir llhlo & I
'....:: :m ",r sou s
.inlMi Am.r 'lei tII
nun Amcr Writ l'"
limn Armour Co 4'i
.!!!:"! v.11.1"' ' ' i" "'
1 "' l . olll :,1" '
- ' el,t .".s siit;
!!!"',! !!". fti it " "id 7:
i,'. ' f0",'1" H t r.fl 'it iv
I'iiiiio Mor.ltiiui (ii t.7
V"" lun Unt r,i ji in
limn ,l,i :. '.-ii m.
I'limi cm o. ft i;,, ,-,3 m
Mi1.
ll
II..'
OJ'.
hi
l'
KJ
4
ir,'
Mt't
111
I'l'l
ill1.
fill."
-U'r l
ln.1 I
li..' .
Wi ,
PRICE CHANGES UNINTERESTING
.t
mi;
ii,1.
'.v.
ir.n
Uj
.'I
ii.
.ii
in.
I"'1
3 Am ans.. ht',
ll&Htcpf ..
n Klec Star 40 '4
looUcii Ami. Ifl'i
lo l.lc Sup '-" I"
Hil.eh Nnv. dlli
31 1.ch Vnt. IJ'
IJil'ciin.i III. 4.11.
I'hll.i Ci .
3U'lillui;ico'J.l',
tM V It T t c 'JH'j
S.11 Itcullnc HJO,
in Hn Itwy 'J4
Ton II. I
Ton .Mln
1114
in
iflV4
Id
ni'.ii
(13
4.1
Ntt
$' " ! Railroads Inclined to Lower Levels Transit Certifi.
tn
hi1;; ,
in i
4.1 '.
cates and American Gas Higher Keystone
Phone Net Earnings Drop
-sii
I'.f. "
S'.4
'.,
HIM i
31
OH
ino
1101.
Trudliiff contlnuoil null on the rhlla-
Southern It.illwny wltli tlio price a
trlflo orf
Tlio only wide chaimi was drop of
points to iini lor rniim t-ompanln
$ WHEN IT IS NOTED
,.That the Shares of the
.'ft
lU. S. Steamship
.
Company
fHavo dtnplupd iinubual strepKlh
(HirinR ine paai er ui n;ih:iiij
ncompjieaieu inarKei cimuiiiuiin. in
Mlm nntrl illvlilcnds at tho rate of
fit f approximately 18p;, it H tit onco
US. VlAnnnt 4l.nl mi.tli ltlfrtifkr lirtlOS
llJIBICIIL lllL Hll.vn '(- - '
i Rnouin prpvuil tor tup nimrrn irn
-the earnings urc published from tho
Three Ship Huilding Plants
$... . Km it Ilk niiAriln fit I'lli.llllV
I 'on tho estimated 30,uOO,(iOO worth
Brf intructlon work on hand
f, Jur QAKl Oil mi PIVIUIIK iii.fr'i.
rncnt and Hpeculutlvn Issue Is up-tto-the-mlnulo
and Xree for tho nM:
ftinif.
; FOX & COMPANY
J STOCK IIIKIKIIRS
. Real Estate Trust Bldg.,
Philadelphia
30 Ilrnad M.. Sr 1 iirli
(. ComnioniTPiillli ltldi;.,Allrnliin n, I'll,
X. Prlvato Wlrcri Prompt DtlUerlca
!
Now orl(1 Mn eh 12.
't'ho (,tocl ninrl.ot in the (.otirse of the l.i s IniilltiK nrlcil i'(instuntl.
lictmcu Htrrnt'tli nml wealness, crral Krmi t of hIikKs tiiaUlnB ml
imicen iIiiiIiik the fuipnonii, with mi uljiupt tlmnsc In tho la.t half of thu
day. when declines wero In order.
Thete wan u koo1 deinand for tullroad fctotKs for a peilod shoitI J
after the openlnc, haseil on esiiectiition that lho-e Issnei would ho
htrongtheneil In their nnrl,ct position when tho railroad hill Is passed and
ItH tro luloim uro dellnltely Unown, hut the lmjlns; on thee uihaneei
wii8 of a purely professional chaiaeler and when tiallzini; was attempted,
tho pains wtrc iuluMy loat.
Tho cha ko in the market polt mi of these Isjuls was hascd to a
Kicat extent on a denial of the Htali ineiits In lewatd to thu (iirtcrimicnl
havliiK acteil on tho New lluicn notes niaturliiK April 15, but the state
ment won made that the matter Is under consldeiatlon uud mi announce.
nient will he made as soon us a decision Is reached.
In the last halt of the day there was loncentrnted pressure asalnst
a number of the hlKhcr-pili ed Issuen, with Ainetlcan Tekphone btlns
made an object of bi.u attacl.H and f.illlni; moie than 1 points to below
102, with a sllsht surplus oei' dividend miulmiienth shown III tho an
nual repoit Used as an Incentive for lhco atlacUs.
Tho tobacco stocks wcic also weak, with Amcilcuu Tobacco falliiiK
I points on small sales.
Steel Industrials wire fit in fol a Kood pait of the da. but became
heavy in the late trading
Continued strength was shown m the lallioad bonds, with a fuithti
advance In Chesapeake and Ohio unirrlililo Os to 81'-. t.lbcity Is
showed a heavy tone, felling down fioin !i0 2l to 9(1. Irt
SLIGHT RECESSIONS ON THE CURB
DUE TO LACK OF INSIDE INTEREST
Am Tel . Tel Iml l(H lull. It'i .,', l ''P .'.1" 4 " " i'l - 1 i", 1 i- U I . . '
Am Ti.l.'KU. 1.11 II! 1.1414 '.! ;" "viL" if," if..'. vlJ ,,; (J N. J',1""
Am Wool M, .11 ii All,--,,' S n VAlV'n ai, s ?"'. '",' S,M U-S, S'i 0J
loiirrf inu hit, hit,,-, ... , rhi iti Bit i! Si'. .-.J' !! . .;' ri '
tn Writ 1" pf ."1 31'), si i 'i, 'limn cm 1',, i(a i, s;ij s?'j s;j et "'
1 - " IT lllll'
!; 'Quotation given h
'lii
si TmIuI ulr,. linn lmrf. rnmpnrl with Siut oth-r sales were generally at frac-1 fcm ,ucr uun jCs-terilay
'"! n.m o"r." '""ri,,"i"r'l.!?rlr'Ju ll""al declines Inceptions were Klti-, t:ic combined Malement of the Km.
In7, ImJe;.1''"' "' ,"rl'", '" l ' trie htorage Il.ettery and Lake Superior. Mom TeUphone Co.npnn for Kebr.iar,
nli, iii.Mis Net which wero unchanged from yesterdays : whlch came out todaj, showed pro
Am Zinc .V. I. pf 1(1
Anaconda . (,in,
tililon in,
Ml (luir .t Ul III
lliild I.. i'o . i5H
n.iito .; (ihio ;,,
do pi i f .111
llatiipll.is Mln l"j
tietn Meei Kj'.d s: sj
do pref II . so's, i so
do X t. 101 mi"; Kill;
IIKIMI i; I II'h Kl'i
' Hums Urns lit', ItH'j
II c k 7. Co . Id ',
Hut . Sup Cop 3 1 '., ill
I Cal Petrol m 1(1
II
m
HVl
III
1.1'),
.11
.in
1
li I
..l
HI', 'i,
I I I .1
M '
r
kv
&
m
CRUDE OIL
The World's (itKdtett tieccskity
nOKMULGEE
Producing & Refininti Co.
;4500 barrels d.itly increase in
last uo eiuys.
(WILLIAMS OIL
124,4'70 acres in Kentucky.
29e monthly dividends.
siNn air mi
iV ' --
J Pipe line to Chicatto completed.
"A L The latest news of the won.
I ilt icrful progress of the above-
t named companies win bo
. mailed without charge upon tc
' "-quest.
WINDOW TAYLOR & CO.
Member- (oiiHolUlntrd
Btock KxrhaiiEO of New ork
it Pritatc uiren to nil -Vtw York
nt Tiiiirftru.
-r430 viaener liuuuin
1'iiiuiijki.riiii
Cisu Walnut (538T
Aetna Explosives Affected by Closing of Books for An
nual Meeting Airplane Stocks Steady In
dependent Oils Irregular
Now nrl, laieh I.'
Tiading n,i, fan l active on the Cuib market, but with the onl im
porlant niovemeiits of prices In s,onie of the low-prked Issues, which hud
been recentl forced Into activity bj pool manipulation.
The general list showed u stcadv tone, with some .slight recessions
due to a moderate falling off in inside Intel est.
Aetna Ksploslvcs was directly affected by the fact that the closing
of tho books esteidaj, for tho annual meeting on March IS, ends the
work of .accuinulatliig the stock for votlnT puipo'cs, and today that stock
was traded in at OVt to 8,.
The all piano slocks wele slead. with Wright-Mat tin selling at J to
S'4 I'lilti'il Motor showed strength in the early trading, advunelng fioin
""li to 11814, but leucted to 27Vi.
1 Independent oil stockH were Iircgulai. (ikl.ihoni.i sold at 7 to ,,
I i:ik liasln at C' anil 7, Sinclair C.ulf at IR'i to 17',i and Midwest at
1IU to lO'.i.
Mining stocks wero fairly active, with L'nited Veide advancing to
inii. and Nlplsslng mado a fi actional gain In 8B.
IN VL'srnii.
iua
Ylt lo-, 1
Ak lsull 1
, imii:i'i:.mii; 1
g JW.Inut
tafiWJ1lrf'fi2
WANTED OFFERINGS
Atlantic Ice &
Coal 6s Due 1930
j
EflVi
m cnv
mi
few
r .i"
It : r HECKER & CO.
KV'f 6th and Chestnut Sis.
rMm Stock Market X i
ar M
'Strange Ground?
If jou hate
never had an
account with a
broker, or if
your knowledge
of bujlng and
belling stocks
Is not CNtrnshc
oil should read
this booklet
"How to Open
an Account.and
General Rules
for Traillnjo"
llooMrt T. II..UIU
Vrvn nil Ilniu, Ht)
JONES & BAKER
. Tfirie BROKERS
rMnrBUB.. Philadelphia
. ' iunu. uur walnut lisa
-."". ArrJnw'iHc wn
MtlVORK PITTU0K.
CHICAQD PU..UK
Jitrta PKna met
a ft
i, ItaTbOpen
Account
)g3l
Mmr
s
S'i" .Uk for
' u (Mulleil
(tn.t r,piosns
Amer-Hrlt MfK ..
l Amcr M.iiciiii
i Amer Will Paper. .
Air ttcduttlim . .
I Canadian Car Co
Can Car h I'M pf. .
I Charcoal Iron
Chevrolet Motois
' ('rami
Curtlss Afioplanu ..
i I'arwen Tool . . . .
fCaibon Steel ..
I i:merson Phonograph
1-Vder.il 1 o
' Ilendeo Mfg . . . .
Inter-l.ulio ....
Kutliodloii ltroi.7c pf
l.ako Toipedo lloat. .
i I.cl;lgh Coal Sales. .
1. 1IU1C i.iH'O
Maxim .Munitions . .
Marlln Arms
.V V hlilplilltldllig . . .
S'or m Pap Pulp .
Otis '"levator
PO'ilesH Motor ...
Ponlo Kug ....
Iti'dden Tiuck . . .
SerlpiM-Ilooth
S S Kiesgo v I ....
.Standard Motors ...
, Meel Allojs .
' .Suliiiiarlno
I St .loe)li l.e.id . .
I Todd Shlphullding . ..
Triangle Kllm
, I'nlted Prollt Sli.it line
17 S Steamship ....
United Motor
. 1'nltod Sugar
World 1'Tlni . . . .
' Wright Martin Ail . .
Zlno Concent
SI
,VI
',
J I
HII
any,
:ia
1i
in
:ii
ii.
:ih
in
iij
hi
mi
1 1 !.
ii
1.1 '4
11
li
30
K'
:i i
:t
XII
.in
l j:t
si
II
?''
!1 a
i
it'.i
X! ,
.111
I
H'l
41
1 14
Hi
17
1.(1
1.1
1.1
HI
IJ
7
1.1 li
Id
7H
'
4
S'h
S7V
31
Vt
H'
a 14
31 "4
II
(11,
X",
Hi
I'i
lli
1-! i
.1
'.li,
STIMIAltll MII.
Illinois . .
Ohio
Prairie Plpo
S O Cal . .
S ( i N J . .
S U N V .
1X1
,:m
,'jii.i
.21.1
. .1 1.1
.J 6.1
Hill
3 .IX
Sill
sjn
nut
sio
3 11
S10
."IX
SO 7
IMII.IT.MIli.M Oil. STOCKS
Harnett Oil & Gas I I'i
CoMlen & Co . . . . Tsi 714
111 It HaHln .... )', 7
Kuleral (11 ... . 3'fc 31i
Inter Petrol .. . . 13 IJ)
Houston ml
I Menllt oil . .
Mlduist oil . ...
.Met IMiol .. .
Ohio I'nel . .
Oklahoma Itcf .. ..
llll'O Oil
1 Sapulii t Itet . . .
Seciuo.vah
I .Sinclair nil . . .
t'nltcd West oil.
minim;
i Alaska Stand.ud .
I Atlanta
' Pig l.cdgi.
I Hutte New' York. .
, Cal .V. Jt'iome
Con Arlona . .
Kinma Cons . . ..
I Plist National . . ..
eloldlleld Metgpr .
(iolillleld Cons
(loldfb'lil Cloreme
(loldlleli? Ktwanas
(lie.'ii Mmi'-lcr .
Ili'cla Mining .
Howe Sound
liidepr inlenco l.d .
.b'rome ' rdn . . .
.Ilm Huller
.Itiuiho llxteulon .
McKlnley Dirragh
Magma Copper ..
Motber l.odn
Mines e.o cr America
Nevada Hills
.Nevada oncvr .. .
Nlplsslng
Ohio Copp r
Hay lleicules
.iii To
Stewart
Toimpili KxttiiH uu. ..
Culled Veide
West Hnd Con
White Oaks
Whltii Caps..; .... ,',
Vciliigtou ii
IIONIIS
Hi tlilehem 5s . .. nil!
ComIcii Oil Us . . XII
Cosden & Co ("s. . . X(l
I'udahv f.H . tit
Kussl.in (lovt 5'j.a . 37
do i-'aS... t
OH. STOCKS (Cunt.)
VtHt tUtfO
AiU (Mikl
tl'i
lll.l
II
III),
I0X
Sill,
III
"l
III
'.
XX.
IS,
17-4
n
it
41
so
l i.l
inadliiu I'm lin'.i 111
rent laatiiir .1
do pref nil
Chandler Mot Ml a,
CheMi J. Ohio mi It
Chi 'It Writ pr SI
C .M K St P 1.1 Vi
do pn f . 7.1 lj
C A: NnltllHCHt !IJ
C It I A. P.U' t c SJ'i,
do I. pc pf t c Sli'i
do 7 pc pf I e ii'Hj
f'h'le Coppijr HI
( hlno Con Cop I T
Col I'uel A. lion :i'
( om Piodiicts 3(1
Crucible sin I (,!',,
do pier xa'l,
Culm ( ane Sug 31 '-.
linn Co pit I 111 '
Hoi ,c. Ilmi I Hi
I'cii Vs It (i pf li '.,
iHime Mine" x'i
liMIIIcri ec 3X
i:ile . I.1
do 1st pref !.'
(laxtoiiWIIIIain 3l'li
lien i:iecttlc .H'l'i
Hen Motors IJX.i, l(i'
!nat Ninth pf lit", lil-J,
In On' stilts in
III! Agntul I.l
do pref I.l' ,
lu-pltatlou I'up 11' ,
luttrb-c mm 'or xB
do pri't I.l
Hit Mei Mai .'li,
do prtf . 'IT ,
Inn nil Paper 3TS.
lot Nlikel . J'l
Kan Citv South 17
Ki line Coi 31 ' t
l.nl, Slii'l . xn
la high Valhv Hi',
Max Moti Is i'f (,l
May Dipt Stis .in
JliV Petllll . X
Miami Coppi i 311,
Mldviile II
.Missouri Pac !!',
I.. iirf . .1.1 H
Mont Pov. cr i i 'j
Vat i:ii.un i'i M Ixh
N'ev Con Cop IX i',
N'ew 1 ork C,-ii I.I'Jk
V V N II A. II BH'i
N ViH West s I ' t
Sort & Wist Hid ,
Vorth Pacllli kiMj
Ohio Cas 3J'i
Ontario Sllvn 7' 7',
on ens Hot i.ii ('
Pciiii It it 1.1 lir.
Pen (!.ih .C (' I1 I3'.j
I'eie Maniuette l'Jn, I .",.
Phlla Co .. SI SI
Pitts ,L WhI siiLj iX'i,
do inef i, xi, I,:'
Pitt l Coal .17 .KI'n
I'luie-tiim II'h III',
do pier HI v.. !7Vj
PrisH-d Ml Car (,l (.1
I'lllllll.lll P C.I I 117 IIP,
Iti) Con Cop S311, s.i"j
Heading x.l so",
Hep Ir .v. steel. K() e, 10
i;oai iMiieii . is--,
Seahnl A I. . ,
Sliatlink Ariz.
siii-s-iicrr s.v.
Slncliir Oil
South Paclllc.
Southern It It SI'i.
In pref nil,
stiidrlMlor Ids,
I'ellll C fi C Ifl'j
r xas Co . . i r. 1 1,
7U4
1(11
Hi "4
.1x-.
till
I!'.
nil
II!
Sl
."X
(IX
Hi
ll'l
3X.',
Ill's
I.l Is
H'l',
31',
!l 1 ' ,
till
X.
H'j
3X
ll'i
31",
lilfij,
H!
I.l
1.1 V,
II'..
xC'
1 1
SX '
1)7",
33
-Ml
III'b
3."
ill',
ill'!',
Ill
.1(1
HII'h
.11
II"'.
-'.!'
IX
ix-.,
J'l',
SI
im,
XI. 'i
:,'i
Illll, i
inil-j i'ii
III 's
S3 "-
IB"!, '
111 "i
llli, "l
1(11 !
H.11, I'i
f.H-), ',
llll 's
IM,', M,
1.1'i !"
IIJ 4
ll.
.1X1,
IiX ',
iii ;
ti'i
3X", ',
II", ',
!', 'I,
Ml"' I ',
31 V4 "i
li',
llll Mi
XT. ',
X'i! '
3X '
:ifi ',
ri'i'ii
ISO",
'ii ,
SX'!,
13
I.l',
II'.
X", -
1 1
SK,
Ill's
3'!
.'MHI'I (' II & fl (..I,., ,a ,,
Jimii CVItMl' cct l' 71'.
iniiiiil I' li t ft i rf, . in ,
limn Col t ii.liixtrl il r,B 1.1s.
Iii'iil Col t houtli Inl l s
."1'iiin On ii,s . ll'l'.
mini Clly nf l'Hrln ll" si'.
Bonn I 'on (Ins mi lis Inn
limn Dm t 111,1 Ur Hi iil'i
iiiiini IiIk houir ,im :, sii'j
limn Crle mi Is St Ii ."('
1" I'I KC'll I. I.l'l
Slimil I'nneh Itrpnli :..,, I'.l'r
I. ll'l. Im i:ice ilili .-,. nil',
I'll"' III Colli 4 111-,.' -
, Iikiii , I. i-,s ii",
L'li'iin IiiiitIi Mm .j ",i
.".nun ,i,i irr r,s si,. 4
liiimi liili r Mei MHr i, 'i1
limn lnlrr ABr Is 73'.
.limn K C I t S M I. (.1
mini t.hT S. M T ,1s li"V
limn l.'.rlllnnl .-. s'iS
ISi-Odil I llirrtt lion, I
tin. lie, ,i ,
il
i I
il'l
l'i'
MS
llnl
I-,;,
so' I
!M
tl'l'
.-.T-j
Ml',
HI
'Quotation given Is e'rterda) close
xo", B ilclphla .Stock" Kxcliange today, with the
':!?? ' i turnover. nmliio nf steel common, the I
3'!.
IX
,,)n.. ";n . V . . V. . ,i Steel was off more than a point, with
nnlL Id.. , e.Kt m'u fn,,...l n t.A rnntnp nnl. ItrlCC . .. ......... ' V. "aa
;' '"" " ."" " trailing in mat iusuo moucrate
!; changes wero also unimportant aiinougii oas Improvement nml
Aai . inclined to lower levels.
smallest recorded In nny session for i or s,w Jcisey on an unimportant trans-
many weeks And while l.ttle of Inter-, aetinn
t'nlud
PhllaUclnlil.1
l.'.teitrlo (nrh dlotmeil n Irllle.
P.apld Transit trust certificates tooK liberty tloniN held fairly steady, but
an upnaid coui-e, as did American Oas. huslnesx In t lie? liovernmci't (pues wai
Ml'l
in'!
u'j'j
-wl
illCj
,-,3li
Ml'.
11.1
7.1'.
I,. I
HUn Low
ii'i
X9Vi
9'
1
Ii!'.
S!J,
i, ii? in in 3n in in
l'l, i I 1", "- I". ""
If.
S'l",
IJ.
SII
Is III'
.-. S.'l
J I "II1
IJ
!l(l 111 f"l 3(1 HI 3(1
Sll'u VI, I.t,.j
I-".
M.I,
1,1'.
SJ'i
1,1.".
Ill's
r,
in.'.
71'.
sn
Mi's
71's
i",
irt'i
s-.'i
so' .
sl
7
.iii -
CI',
"I'i
si
SII',
S'll,
n.
114'v ,
lit', ',
i.l", ',
i,i
.III S'j
IK!', M,
31 ',
III. r.,
S3Vj ' "l
ill .";
IX
IX'', 'I
ii'i I
III 'a S
!l ',
1(111 ',
XII' j i.
VI'.
i ".
ii'.
1'.
,:r'
iii'-
tl'l's
I'l't
i'l'l
Hs't
ll"l
Sil
"!',
it
'III,
I IP 3
I'I
1,11
II', 'i
l.l'.J J'
llll ' 'i
SI I
IK I, ,
(ii', ",
il ;
li'.- i S
Ill
III'', ll'i
S SIC. ',
hoi,, n.
1!)
111(1(1 ill. I.l 4,
imiiii (aims Us ,
L'OIMI VlHIlllHttllll Is
I -.mm Vlanils (is
V ' Mi, IC K T lt
Im... .Vti t W of t 1,1
III I' Mn P VV I. ."."
.'limn il,i rni In
1'iiin Mmit I'rin-r .1.
Il N V Air llr l.s
lo'io N V C t, M .",',
tliilin N V ( ft II is
. Mllll, ,,1 ,s .7.
no il.i I'm s-,i,
sun l N V Cite Ik IiiVi si
Slli'll .In l s t'n, I 'I'I'
HUH N V I Ins II ft I1 I i l. I'
liiini'l N V VV c t. Il n i im,
limn Nnrf t. Wist s s'l
ll.llll Nil' I 'He prior 1. mi'
l",nim I'cuna f, i ct I'.s s'.1,
limn I'pr" M iriniMtn .-. so'.
Minn llrilillni Kmi I" S'l".
mini .sin, Ihir is sit',
linn' il,t vnr 7s . 1'ii's
-,ni". SI LIMA. s,. Is il
Hum ill fen .Is 111',
1 1. M I, K S P llilj ' !'
1I1IIII ilo III I'I
."inn id s,.r ,!,
Ill oil ilu pr II III
limn si ,ouls Hi. n -,v f.1
-i'l'l S A V I' 111 I I 11'
.'.mill N,.t,rtl V I. lull ... "'ll'i
imi'i So'illi I'.n Is ""
I'.'miii iio m is ".;.
Ill llll ".H in''.
-, 1 1 rfil lii is',
lnnii'i South liny Bin Is (11
rimii ,r, r,s . . '-'
i.i on Toxin Co it ils l.'i'.
limn Tnkln - .. . ''.'
Mini. 1't.ih P I uht .Is SI
I in C s Ittililio-r .Is 71'
si mil r 1 1 II, Ml
.I r s si.ii s p .is. "s'i
InO'l fnliit, Pip In 4i. si,',
linnn ,l, r'd Is ''''
In-.iiiii t K of ll II A I r.s lisc,
liiiKin iin :,'j i nun ii.'.'.
I 'i, n , .-,1 n Mllll "' .
7sliinl ilti -,'Bn lli-'l "-"
Ti'iin V ii ltv s .,. 1 I
.Inini V Is, im ci t K'mi v is
li.lil salos. SMlKl.onn. inimiir'l "I'll
I 017 (SO. irslrrilioi tin's far IMs iieok.
sil. I'll WMIj Mime liorlinl list werl,.
1,1,1-,. mm.
.MOXKY-LENDIXG RATES
NI.W Mlllli Money on call opened
,iit I'i per cent; high, fi: low", t'j. last
1 r, , . closed, 5". f ( 0 . ruling rate. .'. per
.i nou 1:1 a i 'co
Tr 4s. iMj ill.,
10011 Kcv Tel
1st !", Mj X914
100(1 1.ch Val
Coal .' U'j', ',
ix.in I. Hi llniids
3'aS. fii.sn 07.S0 Di.iii
nr.no do is iin.sii tin im
ifiii lb. 1st isyn.iu ixi.iii 00.3(1
3H0II Pa Co i'n
Han 'Or. Htit XO'j POIj
tllldli Phlla KI
do 1st ,,s ill !)3'j 3'.)i
Sdiio Heading
SOU Is R1"j X31, H3"',
loss ne. eloe .earnings of $131,1,11, a gain of Usui
Railroad Issue? wnlcli had been ac , over Kebruary nf last .vcar while the
1 live nnd stiong in )estcrda)"R session. I net was $S8,GSI. a decrease of $3I1J,
I wero Inclined Iti weakness today, with i due to Increased operating ixptnsc.
.Heading losing five-eighths nnd I.ehlgh Tor two months tho gros was 5IE.836
Valley a full point, and Pcnnslvanl i a above last :ii and the mi w.ia JJSSI
nuartei. There was also a small sale of ' lcs
' HEAVY r LIQUID ATI0N SETBACK IN COTTON"
SENDS OATS DOWN WHEN SOUTH SELLS
OKI
'4 , Expectation of Larger Re-! Offerings Basscl on Rumor
ri,,i .i, M'.sim. "'''u"j1k"1',-'.s.5,o eeipts and Demand for Cash That Crop Will Exceed Gov-
Article Also J-actors i
so niiine porioil last lire), !1,050.
'Ill's .
il'.
HT.
Local Bid and Asked
lilei Si, i
nun j (i
iiuir k sus, i t
,n iir-f
Hii.lul
lllii Slnrme ,
clou Astiiniit
iln nrof
l. vstunu Til
In i i .
Lnko Mui. Cum
l.'hluh .Nav
l.ohlKli VrIIoi
l l.i Ii VhII. y Tr
il) lirff
I'enn.lHiil ,
I'hiiii i:i.c .
ran i Co . .
tin 1 icr s. - L lit
, i do tl ner tout or
1 , I'hllii IITti
,, lliHilIni: .
.'!, Ton Holm mt
' ' ? Ton Mlnliu
li'tH i ,.,, Triic
'.'". r e) I
si r s si.ol . .
is vork lly
H'l .In nrof
V Ta Crumu L Son,
TnUas'
11,1 Am.
.'il
Is
ill
SH'V
IH'
,M
ni'.
;.o
S
.Ml
I. I'i
ill
ill",
lit
3T
I ,
IfMrril ty
111,1 Ak
.Hi
LI. -il
(i is
n,'
i.i.
(..".
,
i
si
Ml',
i'l's
lis".
II-.".
,.n am
-ii', si,;.
MlN, sn .
3S :!.
411 41
l.s l. si.
Im', HI-'
"I, in
3l' :u'j
Sil hi
in i
.'.il
111
1,1
(.-'
HI
.li
II
.in
s.'S
a'.
3,'.
Ill
i.sl,
in;,
ilia
ni'j
so
It.',
i,4
tin'.
. '
SSS
3".
3,
II
"Si,
i.ii vin iii.i.t vvi: vtiii.k Kii:r.( vsi
( hlnijto. Vlnrdi II. Illinois Cnsotllril
litiilnht uml Wfilcesilii, t sl!j:lit' luolrr r
trrme norttiriist litntitlit.
MIMiurl t n.ettlcil Innlcht nnd Wrilnrs
ila . .
Uls(onsln t n.fttlril tnnietil nml Wnl
nrsilnM l'rubntl nln cr snow west Wril
nf siln.
Vlinnf.nt l. I'nsflllril tmiislit nml It oil-lie-tin.,
tirobalilv ruin or snon I eulder
Weeliipselm.
nun intftllfil, with probaUJy rnin Inle
lonlcht up Ueilnpsilill.
North llakodsmiu nr mln luulcht nnd
MfiliipsritiM inlilrr south Ueilne.iliiv.
south llnkntit Itiiln ur snoiv tonlsht ii ml
Ufsliipsilni t rolilrr 1pilnfsili,,
Ndtmi.l.H I nsrttlril tonlcltt ami 1nl
lifstl.ii inlilor Vleelnesiliy
Knnsiis t'lirllt ilouel, lonUlit nml ed
lifsilmt inleler Uoilnrsili,
.Vlont.inii uml W.ontliw I'rnltilit. rain
or nnun tunislit nnd IVrdiirsdiiv
IiIcokii. March 11
Weakness at Winnipeg, expect itions
ln " I of laiger receipts following icports of
: '. inoro carp being available and asser-
83 tlons that the demand for the cash
i article was less active brought about a
1NACT1V1J 1'IIII.A. STOCKS good break la the inatkct for oats hcie
Pollow lug at o ipiotatlons for Inictlve today
stocks listed on the Philadelphia Stock There wa considerable selling b
llxeliangp and In tvlilcli there wero no ' commission houes and longs appeared
transactions today Tho price, given Is to bo lliiuldating Shoils vere iilore
the last previous close 'aggrewlve llxporteis wele said to be
Vmor ("..is wsr. 1'. t.lt Pros "i in tlio ni.HKet and limning lU-'ie over
i v- !. I ,. pf 5i Ma)" here for gialn to be laid down at
iViiNiCwrwl 7 I the seaboard. The domestic Inquiry was
i enl
Amor ltwi pf
Vim r Mores S'l
villanro lnsur in
Vm.r Mill Hi
-nor llwv :.n
Amor Slor s pf t2
Flrlll .1 ll . . LI
iiurr a .i t . i.-'
Cini Iron . (11
('ntiici his t lsl pf 3.'
Con line N J , i.i.'.
1 li Vflihiilt lit r.l'
III ll T . in
rim ninni m.uket was vlitually un
.I....... a ..ul. ., Tme sin ill loans for lit & 1! r "f
tlt and iiinet) davs at fi per i enl 1 1?!,'" of -',A , "
. "I.n Lllll.lllntl ..OlllltlllO IlIlO .11 A.lllll -." .--
loffeiliigs urn small, with n general do-1 ','
, in i "d at fi per cent
'1 here has hen a slight Increase hi r
Ihe supply of call money In the last few
d.i.v?
ulone Tel l f ..7
) Tel 1st pf. li'.
l.lltle SclillilMII "'1
Vllnolilll ''
North iVnt T3
l'.tilm h.ilt .-'".
i n t . si;.
l'im Irnlfii S .
I'hlla Co prof ss
I'hlla Co im pf nnVj
I'hIU True . . 71
llicy (Jo eJon 4
1 ntnn Trct '"
li s stoci rt. tii"-)
IVnrnleli Iron., si,
.or!. l'.w pref. Cs
Short-Term Notvs
ii
.i.i",
.14
X
17
.11
3l'j
X7
I'HU.Mil.l.l'IIIX Call, fi per ient:
time ri'.IHi per cent Cnnimrrclil pi-
.... ,I..a 1.. Inn. ,n,.nl1l.. f.'?r OOP eollt !
s.i 'i ' six. inontli", 0 per cent
I
i
II
I 's
Hi
I
1,1
II
.1!
37
IIX
1
(
I'i
HI
1.
''i
13
.1.3
III
?X
I'!,
10
x
"i
I'j
I'i
fi
'.
ill
til
.11
in
III
l'
1.1
X
HI,
i:
i'i
i.i
! 7-3S
Hi
11
x:
3
n
i,
I'S.
Toliaeco Plod .10',
Colon Pa. Ille IM's
Pld Clg Stoics H71,
I" S Iml Abo ISJVi
C S Kublier HI
I" S Sin A. lief ll',
C S Sleel . I))
do 1'iif tin
Pt.lll Coppei Hll'i
, Va Car Che in 11
Wabash pr A 13'.,
do pief II S3'j
West Mar) land I.Vs
West Mfg I Ma
Winlwoith Ilm,
Whet I I. i: in
White Moloix I I
Willys uveila'd IX ',
mi
lis
li.'
ll'i
i.oviio.n Monev Is unchanged at -i
er tent. Discount in onen market tor
In rt nml three months bill", 3 0-1C per
"lit, unchanged
11
T. !, Ii
3.1 Vj ',
xi i ,
SI", "s
III I, (,
Ill I',
IliKj Kj
I III', ll.
I'l' I'I', !,
IJI',4 UM i),
xl xi!'. I a,
till', IJO'V, i
.11 SI'S. c
II ii i,
IIIIT- HUT- i
Iil'i', Ilti', U i for redbeounls of colliueial loans se-
'I's .ll1, l e.M l i in en o) ciovi'i uini'iii minus or noies i
llnln'o
Amcr Cotton Oil r.
mr T T subs i.
Halt K Ohio
Unit I. Ohio . .;
llelhlohtm SI'Cl ''
llrooklin It T ;
Cum rue 1U: l
C II & Q ll 11
1rt A lluilson
Hrlo II 11 , '
llonornl l!lfotrlo I!
llopoml P.loilrlc
V Y Crplral . 4'j
N V Crnlrnl '
N V N II t 11 . .i
I'onna Co ... . yi
I'uh srv crn .n j j
Reserve Ranks' Discount Rates
ortlclal discount rates at the twelve
I 'il' ml lteserve Hani s wele as follows
(The llrst column gives the rates for, n A U M c Co
ill peilnds up to and Including the llf- soutlirn llccy
teen-ilav maturll) Ihi sicond for a ne- ''"''; ',sLr,.or ,1
I ii'.l i'i niAissi l1' t.iitfes vnt t n i uu
Hue
Sopt 'IS
Pelt 'III
.llllv
.Inly
IVIt
July
Mar
Julv
A in;
Apr
Doc
July
May MS
Sept '11
Apr MS
Juno 'Jl
Vnr 'in
lvh 'in
vtnr 'li
Mav 'IX
Hopt 'SJ
MX
in
111
is
SI
Jl
'SO
'III
HI
so
lllll
llll
us',
ll!l.
Its
A si.
It'll,
111
llll5.
lis",
!li'.
""'
IISC.
il"!
use.
i.i'b
li-.'.
us
til',
IIS
til's. it i
! inn
niv, inn
vn'i an'.
ni!i niv.
nn ni
(lll'i llfiS,
mi mis
SS till
tin. 7
pn', inn's
XI Sd'i
third and fourth lolumns give the rates roitlllU.v c;o BliNMIINT bllCiritlTlliS
II 11
IS", 13
S3'i S.l'j
H' H's
IH'J 11 '-J
us1. Hi',
in in
I.l 13
IX'i IX' j
I
-Ms
-I
I'I ll.S
I'osloti
NV. Vorl.
I'hllailelrlila .
cl.iolm.l ..
Rlilninml .. .
Ml lllll .. .
i-lil. isr-o
si Louis
tilt no, polls
K'nn.ns Cllc
1itl.il mIps, '.tlt.nO'l shitrpt.. iinnijreil I lit'lns
ullh 311.1(1(1 slurps espril,i thus fur 1 sun luilulsoo
Ihls ppk, S.3J1 "Kid slurps, s tine iKrioil, "
lii.t week. IllS.iidi) simrps.
Com'l ei.l'
in tn ltd
1.1 ih a
i
.. ll'i
t.ov I p ipor
ll, I', nil
I.1
I'i
I's
'
ii. u'.
I'i S 3's
I's 3's
I'? llS I's
I'., -',
I 'A 3'.
Pv 3',
Cniop 1'oP So,
Vnnlo-rroirli
Arcpnllno diet
l Ity of l'nrls
r.oph of Prance
ttussiaii Hint
llusshdi C.ov t
Sxclss (loct
IT K of 11 llll
If K of (I 11 1
U K e.f 11 II . I
AUC Mil
(St "JO
May "so
Hot 'SI
Apr 'in
luno 'III
Hoe '21
Mar
Sopl
Nov
Nov
nr.'t
SII",
Ill's
x-.'.
IMP,
in
37
li-.N.
S0,
Iil'i.
SII",
IMI5.
n
411
so inn", inn's
in
in
II
1ISW
nn'!
ii.
Convertible Inlo lonu'lorm bonds
Its, I
in.',
I'J".
slow, onlng to embargoes against ship
ments to the 1'ast
The feeling at Liverpool was less bull
ish because ariival" nie larget and the
quantity afloat Is well maintained
The high on Mnich was 01 "c. the low
DO'.c and the close Dl'c bid, compared
with M'iC tile final of )estcida) The
best on May was 89', c, the bottom S8i,c
and the final 88, fi 88-,c. against S9i,c,
)csterda)-s last price. .
Corn remained quiet and featuieless,
with the tone a shade easier under scat
tered selling of May b) piomliient
holders and on a ilugglsh demand for
Iho cesh ar Icle. pilces for wlllch were
lower. Continued latgo receipts, leading
to suggestions of an accumulation of
supplies, appealed to be a handicap to
the bulls
It was estimated that purchases of
corn In all markets by the Whial l'
port Company since tho movement
started, amounted to S.nuO.OOO bushels,
of which 1,900,000 were taken here.
A local authority, commenting on the
efforts being made to plan some method
in trading In futuies on a broader
scale, said that artlllclal maximum
prlcei on com fu'ures have been a
failure.
The market at Liverpool was easier
on moro liberal export offers.
March ended '.c lower at $1 :"' bid
Tlio best on May was .l.-7r, thu bot
tom JI.S7 and tho eloe $1 IIT'siUl Si's,
against $1 si', at the end jtsterilny.
I.pflri.lti2 fnliirtn riiiuzpd tin follows.
Corn tiipw tlolllercl lost
cii n lima low c ioso
1 I
l"-c illvldon.l Tpihh Coinotliv
Chandler Molora 3. .Montana I'uwer,
Mont mn Power preforrnl 1 .
I
l'OREIGX kxciian...:
New lorl.. March U In the rally
II
XV,
IV
XI
.in
IX.VCTIVE XKW YORK STOCKS
VollowliiB "ic iUotatio-..i for Inaetlvo
jjew York stocks and la wlllch theie
weiu no tiau-aciioiiH today. Tho price
u Is the last picvlous sale:
. itnin . '. 's'"1 nisiuit pr llll',
I -V '"'ihiii nf . -"'' N"t Cun l'bl 11 I
I A',' "Vi.Vl.lipr .'" Is"' '"ik h"lt -" I
i . uv Hunoor . s.J( ,.,,, . ,, ... ,..., i
Alaska lull...;- -V N', ,:,V k st"ir I'S
I ,u Aurl ' "'", i,i. N.H Load ... :,.",i.
Mil Cat, iirif ' . v u , M .j, pf- ,-,,,
Mil I I ,!! Si, "s'nrf Smith. SI".
Vi Cnllnii I'" ,',' Nrf L VWst pf 711
Mil Hide kl' -4,, North Vmrli I 4I'4
Am ll" ' "V. t "l1. Nnui "'"tl" SII l.'l
Am Loon en i . ,J ohli. (las n Is . is
mi .','.. .a inn .""' ' u'l sun '-
I'ROI'lTS OX COFFEE LIMITED
Not to Exceed 5 Per Cent Gross Mar-
Rin Over Cost Plus Brokerage
Hading todav the tealuie of the foreign, B.,,,ioii, March 1" Profits In
i"m i.timt' iii.,i,i.-v ....r. ,,, .tu,,..Mvi. ., innrlllntr nf creeii eouee have oeen
Juolatloiis wrre: I'j per cent for Importers and not to
Demand sterling 4 T.'i'l. cibles 4 7fi,Tt. exceed 5 per cent gross margin over
s'xtv-diiv bills were 4 Tfii. rabies 4 "Ci',, I cost p'us brokerage of commission, and
ninetv-dav bills 4 70 both nolmnal. the usual trade nd shipping iharges
tctually Incurred for Jobbers i
III older to facilitate transportation
;ti nn
Mrl,
Mm . I JIN 1 S7,
Oats
M,h. . Id's "Pi
.May . kill, Ml'i
t.ard
Moh
vriy . '.'il no
Julv tJII 13
Itlba
Moh . .
May ...SI 111
Julv . S.-..37
Pork .
Mav . IX CO
111,1. tAsked
eutao
crnment's Esti'mato
tllllll.N Itlll.T UlIATIII.It ni.NIllriUNS
M.H 1(1111.. llniih i; ll.e foi,i,
triniieriilnres mpi-p rrinrilrd In lli lottou
belt Ihls iiiiirnlltKI .i,ii
Kmiwllle mui VmcihI.i. II, lrnn
( linttiinnaii i nml Mlaiiln, 1(1, sainnnah
IXi lliiuiuistllle nml u llnilntliin, .Vi
t liiirlpsion. . Moiiirtiinpn, .Iti fori
sinlih nnd .Niishitlle, .Hit llUnliomi. sL,
Jniiinn. mii I litle Itoik. Mrrldlnti nni
.litrksiiiiillle. l.Si Altllpite. sirp,,rt
.New (Irlpaiis ami I'rns.ieul ,, i,(,i ,lfli'
vestou, 1.x.
New 1,ir( March 12
Southern selling, local liquidation and
a deereaso n the demand from trad
Interests weto responsible for a setbac",.
In tho cotton market toda), following
Ilrmness in the foienuou
The offerings were based paitlally 0
a rumor that a pilvato crop reportlnit
buieau vcas about to Issue a flml stats
ment showing the .vleld this tc.ison to
be well In excess of thy estimate of tli -
uov eminent.
Advices from the South suggested no
decrease in the Inquiry for wlilto cctton'
for which enormous premiums are being
paid. Sj far as Indicated by the talk
mound the ring, nailers found no chang
In the aveiagc of gencinl iicwh of it
character to Inciease bearish sentiment
With the Hade looking foivvard to tlio
lln il lepotl b) the Census Iiureau
scheduled to bo published on March 20
discussion Is beginning to develop as to
tho prospective iaii)over.
After tho call the neat months Ad
vanced to levels mute In Jilie with th
quotations ruling for tho new crop op
tions, and within tin minutes May had
rallied 8 points from its Initial price
'Iho early advance carried prices 2"
to 27 points higher
After tho dose of Liverpool business
became less active and there was enough
realizing to cause leactlons of 10 or 12
points The feature was switching from
old to new clop months, with Liverpool,
as well as local Interests, transferrins:
long accounts This operation was prob
ably cii'ouraged b) the continued ab
sence of i. ilu In the Southwest and the
old ei op piemlums over October
V. few Mairh notices wele Issued this
morning, but theie vtas very little trad
ing In that .delivery
Vslerd 's
.!,.,. Onori lllsh !.nw'
...-.!. ;i,it a' iii a -. .i' 10 3J
. ";. ai7i :n r.s aim :n:,i 31 m
Juli 31 Sit 31 I I 31 II 31 II It 11
i, tnlier S'l HI S'l 11 30 jn 'J'l 9 1 3C.IM
lieirinhtr s'' "I S'l 7H SU !i7 JJ i'i sii l
Slail . .!- H 3" "
Liverpool Cotton
I Iver'tool, M irch 12 -Spot cotton was
quiet Iniliiv Willi pil"es i asltr on the
basis of 2 1 ." ul for m ddllnB. old con
tract, a il. clino of I point". The sales
weie limn bale" Tin lecelpts were
12.111)0 hales, Incliidi' i 5000 bales Amcr.
lean. Pillules weie i, ilet in the early
dealings Old contrails, spot priucs,
wen Aineile.in. middling fair 24 76d',
good middling, 21 08(1. niiddlliu". 2.1 5'd;
l.i x middling. 23 nsd , good onllnary,
22 0!!d; ordlnar) 21 Cld
1 :
im',
ss'i
1
fii',
ss',
lj-t
J 1.1
.il :
si 7
S.1 37
j.-, so so on
si in tsi s t Jt im
Ul) IS Jll 17 'Jli JJ
.. SI in 1st .'..I
21 sj tSI SI tjl (Ml
SI SJ S.I SJ .'. 10
alb.--
SfEs
IS 50 4S 30 tIS 31 S .13
Crane checks 5.72T3. cables 5 11 'J.
Lire checks R 4 H ' i cables 8 45.
(lulliler checks 44'"",. cables 45U.
S'dss checks 4.19. cables 4.47.
Pesetas eheckH 24 55. cables 24,05
Ituble .'hecks 13. cables IJ1..
Stockb' Im checkx SI .. cables 30"',.
Copenhagen checks 20,. cables 30'i.
HAXK CLEARINGS
Itaut 1 1-Hi-.npH D(ln 011111 ired Mllll ro."
rtst'onJlns d'- lift iwu tparM
m
J4KM3 i BAKCn.
s? mitrner BulUins. "Mla'rIpltl4.
Io roar tend me rEur booUt, "Uoir to
yn a Account."
M9M0 ...............................
AMrtu
............... .............
T. P.-Ul'i
HBfTOItY OK Al'(U).VTNTH
vrrtlfle.1 1'iiltlle Afpoimtapt'li
fvwnuNCi k. nnnvv.v i i-o.
RKAI. KHTAIi; TltlJWl 1II.IIU
riUATP AI'JIIWT PAItTNUHSIIIP
KATlusi uieii'u IKCI Aieeujsil s
una K. VVatnon. C. I' A.
r"lcor, ileal i:tat Trust Illdz.
iua rciajriv.
YORK COFFEE MARKET
'York. March 13.-The market for
epnec quiet and 4 to 5 points
, witn ,-Jeccmoer ine oniy inontn
in on in can.
, . ' S-. -,
a6,"t, ' Onn Itlh laiwr Clo.o e-loi
F .'...... H.41 K.8.1 X.3.1
r, --t su. 1.U WJI U.S -.(.
. .S . Oil. ..,. r,s , n.si.
. N..V) , H..VI S...1
. X RU H.II2 X (III S.il o.r.o
. S.03 H.B3 SOI S.03 6,l!'J
1BUTTER AND EGGS
J-rU IS. BUTTBR Mfctlpla.
t. tvrsiinnr, rxim.. tact cilra.
t,HfU.,l Q,4ci eond, UU
NEW CERTIFICATE ISSUE
Latest OlTcring of $500,000,000
Dated March 20
1A uklilncton, March 12 In unnounc
j lug another $500,000,000 of 4'i per cent ,
1 certlncatex of Indebtedness in prepara
tion for tho third Liberty Loan. Secre
tary McAdoo gave out flsures showing
that only one-half of Iho banks In t'10
country subscribed for toe lust Irsue.
The present offering Is dated March
Si', tnd pa)ment must bo mado hetwfen
that date nnd March 22, when subscrib
ers' books close. They are pa)ablo June
18 with tho same privilege, of being
called for payment before that, on ten
dayr" notice, an prevl.tus Issues of thu
same natute have carried and will bo
received In payment of loin subscrip
tions. They arc free from ordinary taxes,
and subject only to estate or Inheritance)
taxex. Income sur-taxes nnd excess
prolltx taxes. In addition, the Interest
on 15000 of the certificate held by any
one person cr company Is fro? from in
come bur-taxes,
The tentative quota for Phil UU'Iphla
Is $40,000,000; New York $173,000,000
mid Boston $33,000,000.
-sri ur 1 ni iniiiii tl i.u fin - iit k -sin.,. - r'n 1 a u 1 i.i 1 11 v iiiit 1 11 1 n 1
Sluilalr Oil lis . ". xn x:t m sm 1 I'J " , I'ari.i Tol sl'i sv 1 h m.i...",i".i ill en; six 1r.1t r.m ni7 r.1.1 1
Todd sblphulhllng Os. ok p9 . m '; i..s., JJ". AmrjMir ni;. jmj,,, .JJ fli.m liJMijn " l$
Vmer rnbari ' ' IVorll Past I'i llallltnnro 7 ll.'ll (UU 7 1..'4'S TWiiv,
nil I mvi! run n t i'iiiutn.r...m vin Jolj r ".'" r,-, H srv Crn N J ins'i m t.oula -",..",71 sis '.'.' Ml r.m 1.1,1127 701
BILLIONS I OR R. R. LtJUII'.MEM 1 Am T jj-' 2S'rf ,;..-ij phi. coa rrof s i-hicaso . Mi.sjs.1s11 s.i 373 ran uimsj.cist
I -n ( t ,,,, 1.1 ,r", si.'ini' .I,1 ,' I
Big Lstimale of Expenses Govern- Vnt r'.!'- ii.-a.iVnw -m St ii' 1'-'ttra W Ai''',an Bral.e Shoe
litem .tiuse near ';".. --. 1 Ine s-,. ...i . .- ,-,,. ,-.-, im iiir., ..iMi.ii 1- ,110 .Miieiie-eii
M. 1 a W n' i'1' 2.',;(r'At.mT. " ?! Hrake Shoe and Koundrv Company de-
s .... .,.. . .. , !.". S. nref.ini' ?' .' ..., ' .'.-.' lore d 1111 extra dividend of 1 ner cent
that etween ono a ,d "ivTo'll lion dollars ! "" V Oa, ini ' K B . " . on tho preferred stock . !a)able March
will ; be , "xneii eil l"v the eiepnn ot,t ''rk" JL". ui "snn Motors . H'l 30, to stock of record March 22. The
for rallroaTcqu Ip.neV' KoVeon"? ro" VER? c Z '''o "'.', Je.rj-n eohuok l-.n usual quarterly dividends of 3 per ce.it
Con of cars alone rbout 1.000.000 to - rotrel pf ", sSJrj aN.'pMS .n ,1" '""efcr.r"1 ,l,M,,; ner i'en," '!
1. 51)0.000 tons .,f steel i,ap .,!,.. .JJ.i ,... .ie Vasin 3'' e'"' r" .ft,,,1'.! " 'J the common snares, w hlch w ere declared
I
;-.,
aoti. 13 017 raiea.
Slhf ' inllnapv PlrMla.
aoeoua. al'iWSlVilV
KrMh
34
Krwh
tl. W
Buy a Steel Ralls
lrrli 15-Tho I'rnadlan
. .., ..- -,, - ..- ..
U(c'a.iii-pruer ror Into me nrei
nv wlUi.Ilomlnloii mechanical 0
JfiSTrtVipWm3ti'wll Alrbisl.Vu.hail
Rapid Growth of Stoker Company
1'itUliurcli. March 12. Another new
Industry has expanded rapidly here,
nom.tv. the Locomotive Stoker Com.
nim, a. subsidiary of tho Wentlnghouse
Airbrake Company. The Locomotive'
ntoKer plane, loeistcu ,11 u .vrDeiiiniiuuse
ii.hrnu, shon In Robinson street.
North Side, employs COO men and has
ft Capacity Ol luu niucn men iiiuiiiu,
Tho stoker marks a new departure In
railroading". In so far as It eliminated
the old-fashioned method of fueling the
,in with A. shovel. The stoker con-
-.!.. ih. ennl direct from the tender
?'" a. iz.C-Z .!..;.... . 1-..
IIICMSIS .iiiwwft. rcii.. u.
OPfrailons, wcsiinsnouBe
X Installed about 3000 of
thaae nMbiiiM Oil
lilotpu im.l
snnpes vui ue requireu
.No definite Information has been given
out concerning the number of loco
motives to ue oougni anil rail require
ments for 1918 and 1919 delivery win de-
pend upon the information received from
tho railroads which Is now being
Kai!ie:i ru uv inn iuici iiineiii
11
lost nerember. will be tiaid March 30
to stock of record March 22. On De
cember 31 last an extra dividend of 1
i.fcf. oAtit linn n.llil nn llm npefrrppri
,n! f K.lBf 42'5 Texas I'o rets., inl, i,'.
1 ol " ttl, llSe S7 Texaa Pac InS st0Uv
("orop rait nee -1 To,1BO Prni rf pn
."". "l.s S't I St J'. . IV il, si. t.. 11..J, !.. ITltJ oi...
ruii'iKii uvimn .11 utiticu oiaecs
f-a ae I'asei, '-.,' ..,..-.1 i.ttti-...
''"' .n,,.it, of 110 ftnnd Mill I'f. R1':
rinett-Pnelv rJ '.'',',;, siudpbak.r pf . HI
Col I!a ,I'lft .01- Sluts ".rotnr . 4T
Tc ." JT lit rf 41i Em. HtPPl 1.1 pf in
carload lotx of green coffee have been
Hied at 60,000 pounds, minimum, except
when cars of lower earning capacity
are used,
Tho regulations, contain a warning to
offco roasters that If excessive or un
reasonable charges are made by them,
the food administration will place roabt
ed coffco uIfo under license
DIVIDENDS DECLARED
Iron Cap Copper Tonipany. usual monlily
nf 2.V a BhHrn on fimnnnn pjyublo April I
to lork nf re.or-1 Mnrrli 'JO
NHtlonil CloaU anil Suit rompany, uuil
ritiarlcrlv of $1 '.' r ninr on cntnmon fij
uhM rrll 15 to bol.r,i -if r-nrd April S
H. H. KrfAErt Companj. rcular ouaiierlv
nf 1 pr rent on prt-Ti-Trr.l, pftyablQ April
1 to noioero oi rrcnru .iiarcn i.,
NiUohmI hlcorlcc Company, renular quar
terly f li pr cent on pnfrnfi, pAyabto
March 30 t i-lock of ri'ionl March 2"
Olil Dominion Company (of Mutnr) quar
terly of fl a nhari, payalilo March 20
ITntlisl l'rult Comp-Hiiy. rcirular quarterly
nf $J per tthare. r).bte April 15 to Btoc.t
uf rrronl Manh 20
Iron Cap Copper Company, n dividend of
25 rents per share on common, pa j Able
April 1 tn stork of rerorrt March 20
lmnt rll Tnbatrn Company of Canadt,
Interim dividend uf 1-4 iir cent. Payable
I March 2S. xnd reirular aemlannual of 3 per
lem panuie .narrn ii"
Alabama Company, remilar quarterly nf
14 jier refit
RAILROAD EARNINGS
CCNTltAI. OP UliOllUIA
111 1 4 Inoroaso
limitary cros JI.nsi'S7
Not after taxes . 313.SUS
TOI.KDO. RT I.OUIS AND WIISTCUN'
January Itrnse .. 1101442 JISI!t7l
CHIe'AllO AM) ALTON"
January Kross . Jl.sn.iUd 2D9,7;il
rilll.Amll.PHIA AND lUHIJIMJ
IXAU.WAV COMPANY
Janu try gross .... l,."7S7in Klj.'inl
Not -I Iti. ITI '1011 let
Surplus . . .. tb'JWi.ilil l liss.isi
IWADIM.1 COAL AND 1IION" COMPANY
'4 I SS
i'ltISi'. " -
I'I '. Tl.
p. s - r'i .. ' .ss-
r ii j&z
fe zJg&r J
i BsWs.JEaBSgMMSij-gj
? f Is Thorc Vs7""":
Z-r-J RUNNING WATER S
s'l.'isi 1 COUNTRY HOME? V
Sf A MllTliMl 1 ThR Stl'-
x-s-., a ... r..r....,.' ..., i.,.v j...., .
r"1
Jsnuary cioss
Net ... .
Surplus . .
3,79-tloj
nil
tin
tin
sns nss
,ll,0"!1
0JS..1J1
on first and append prefprrrd
r . . :.":.. i'i ai ii'i I.:.. - :..'"'. ."" " . notn navauio April hi 10 siocic oi recoru
in auoii on ro no boo' rrelglit cars' 'J'. Y'roinrof '"'. i i i fiV Wh.IiIiieIoii. March 12. Comptroller March no
ordered by the United Ststes Uoieni-l!,",!,1! !. s. n( "I'i X 8l ' Ji.vt cls '.".. ' Williams has made nubllo lleures show. Canadian t.oeemot ve. remilar Piuapter v
ment for .military railroads In France I ,' "ib,'i aes "V Hi. J",,TOiVlHV '-' ' r'r cent on prtforrpd KndnlV4 p.r
S?,Uldn.'H.ffiJ,.0!?"i.l,iale b.sen ! ' r,rol,lpKT.T -Hi, '"-. yi! PI.i5I n'oissnoo" bonds" ol V-ii-5. iov era! rA n, ?SWxifW&khU Apr" ' ,0
'im ?t? f.Mmi" isti-'i.i ,L'rkPrJ,.r '.VJ-!1. drv"t ' S'i Pnd'Pwil t"i.C IIS nients. of tho total onlv $709,000 behiir "pederal fill Co-npanv. resular Piuartorlv
nTWko Ji fr Rll',.Llle, gotidolaB J.-'i'fVs p-f -'s'i J ' ""i ' P"i IP. securities of Oermany or Austrla-Ilun-' of S per e-nt nnpr.ferr.rl payable April 1
and 200 box cara from .Standard Stern irS .h.mloal H", "n " 1 new nj cure Oilier fore'irn securities held hv . In "topic nf r.enrd March 20
Car Company. J fiJn.ral Claar SS'i "nlon Pae prof 71', f,"r . ' '1" '..miuiitpd I to 109 990 00(1 Penn.ylvanla Company for In.urancea m
" ,!!tn iMcar irtf t'S'J "nit Alloy stl 4n ",,"",,?. '??,, . r r12t,; Miiti.'i.F ' ' '' ' n ' llrantlne Annulllpa. nieular quar.
y,n.ii ii'i" J P. Hull Par K r of lnj making the total of foreign securities i ,,rtv nf t r.r pppt. payab e April 1 to stock
I.OfAL MINIVfi STnrKS nr1.?" ,!' t.i iln.' i i. J3r,o.r,44.00n. as compared vv th 27.- rrr.pSpdTMaPci, si. y p .
-- ' - - '!. iv s swaa, .j irailllV .illlll"- -. . .-;. ---- . ..- .. - . . . n a a ,.- I -
IllIAPINQ COMPAN'V
January cross . nna iss i S(
Net r,ii9.4H7 sn mi
Surplus 111. H17 Jl 101
Decrease, tlvilclt, H.os
U. S. To Take Chemical Plants
Detroit, March 12 The Government
will shortly take over the Dow Cliem'cal
Company's plants at Midland and Mount
Pleasant and advance $2,000,000 for en
largcment nnd new equipment In order
to adequately supply the chemicals
needed In the manufacture of mun!t!6ns
A MllTliMl 1 ThIt St I'
l'l.) SVSII.H'lMll Clio null
nn abundance of pure run
nlni,, wator upiltr aulllclontlv
hlch prtssure to afford ample
tiro protection uheiever vou
want It at all times 'I ho
Inltt it coat Is liiiiil-rato, Htidtho
npf ralhiR oxpense Is onl) al-ntt
half ii lent i, day VuIiiiitAtlo
ttlt'l nolsoless In iiiior..on
Write for bouklot No 3S
"Tuscx&jzos. Co.
te
si
m
.S- I'lumlilna. A lleaiior supplies
t 41 lo ftn' Nurlli nth St. g
Pv,...vaijjj; IJH
lONOI'AIt
Jim Duller .
MaeNamara
Mlelnay
Vlipah lint
Montana
Northern Star .
Itescue KuU .
West Hnd
UOI.DPIUU1
Atlanta
Hluo "Hull
Ilootll
niamondtltld II II.,.
Palsy
Kewanas
Oro ,
Handstnom Kendall
Sliver Pick
MISCULI.ANUOUH
Arizona United
Nevada Wonder
Tecopa Mlnlnc
Hid
.ill
.tl
.ni
.nil
.ts
.on
, .mi
.78
,tl
, .us
, .01
. .01
. .in
, .on
, .ni
, .01
, .03
lirein- Can Cot 41Mb Putd Ilrir lat pf 4Vi
. . lltilf Hlalps nil l until ur, -u jii ,'t
'v,k iiartman Corp SI Pulled Krult . 121)
"" lllvana Elec. ,jni United Pp n.l 1".',
P' Smpstake. . . 'Ml Pnlted Ity Inv. r,
'" I ilnolaC.ntral. I'I ", ttntd Ily Inv Pf 1ll!
n's lot Ilarv N J.. 120(5 tr s nuh 1st of limy
I"1 Inl Nickel pref.liw II H I' I P i r II
.01 Iowa Central,, ss ir s c I P pf. 41
,11 ' Jewel Tea .. . .Ii'i tl H Ind Alco pf mil!
.83. Kan City So pf V H Itealty Imn 13'J
KellvSprlna-... 4(1 UH Realty Im
!' Keole i 1 M... 4'i 1st pref . .',(
nil laiclede Uaa ... n 11 H Ituh 1st pf.lnni.
il I.ee Hub 4 Tlr. 1W It H sm t rt pf 40
'irt Lorlllard 1" Utah Hen Copo, 1SK
inl 1-oula i Nash,. 114 Vn-Car Ch pf..im'i
a Marleay Cos nf. BHA Va Coal & Coke 01
'n? Manhattan El.. 'I'. Wabaah m,
os' May Dept 8 pf.103'4 IVarren It rt. 1.1'i
0u, mlch Central... 11(1 Warren 11 rt pf .11
wu Mln t St I. new in Weila S'arso 7. sn
. ,1.1
.1 2.1
. 17
.20
1 SO
.19
BAli SILVER
T.a.111-
lea doui 3eiuu oil Today Vest. .'ue.. u'rh W
thlrty-elx dllferent sr. Y. (cents), ssji se., s.i'-t o' v
West raclrto .. "Oti
vveat Ma Sd pf '!
West union.... fiflu
Morris k t"ssex 3
MKtT B
. U Jb T nrof. . K
Mackay Co .... 7.1'i Westlts. 1st pf. (KL,
Mackay Co prtf nj Wheel 1. B pf sot"
Max Motor .... SSU, Wllaon Co .... D1V4
Max Mtr Sd nf. JJ Wilson Co pref! iJ,"
t Pet. nref. .91 Wl Iy.a3v.rld nf ail!
int. II tit n R H VI SSs. Wl. r!enlrMl fta
ll'slt laitvl Nat Knam k 8, nil (J Worth P. M. 41
mHsi DhKult ... 7H . rref tl ,.,,,,
23H.O00 on November 17, 19IC, nnd $108,.
DOO.oou .viay i, mii..
New York. Lackawnnna and Wesl.pn I
lltallroad Company, r.Tular ejuarterlv of I'i I
, nop pent, payable April 1 to stock of record I
' iiarcn in. . .
I'amltrla Iron Company, reaular aemlan
nuat of s per rent payable April 1 a. reals
Cotton Buyers and Sellers
N". .ork. March 12. March rtus-' ',lVr"iIkVni. S.rV.'.'i.ri.'nf n
..ii la.i. K..hi.v u.,,1 n.nta oifferoa Maverick Mills rentilar eiuarterly of It.
Mav Wemnan. Kelffer. McPadelen. -.-i. e ...nni mspi. nn
Newman, Peers and Hartcorn bid! Glf- uuanennamn hucar Company, rerular
ford, llumoens, Hubbard, I-owensteln nurterv of lt.2.1 en enrnmon. pajablo April
nttit Klerel nffered.
July HagecJcrn, M'enman, McKadden,
Oumoens. Hooper and Downs bid; Wil
son. Hubbard Kchley, Martin, Itountrce
and Wleck offered. .
October JJdrnett. Oumoens. Hubbard,
Ilentz. and Krederlckaon bldj Wilson,
Hagedorn, Downs and t'othran offeree.
December Frederlckscn bldj aifford
offered.
Western Union on 7 Per Cent Ilasls
New Yorlc, March 12. The Western
Union Tel.Lraph Company declareyl a
nuarterly dividend of 1 per cent, nlac-
I .1 I- ..., n.. ib utstnlslv f .. A-a n,...a.
'an.,urnUb.ls;Paya.7rprff tr'to &ofl SSlJS,.'l,,
siocit oi recora frn v. , a ,g s.-!rv- --';-- t;j;' -
1 t. stock of rreord March 18,
Granulated Sugar Unchanged
N.w York. March 12. Fine granu
lated HU&rar remains unchanged, with nil
local Interests quoting at 7.45c. the Fed
eral and the Warner companies being
withdrawn. Cuban raws are unchanged
ai U.uvac, eruey fiaiu.
United Verde Pays Extra
N.w Yorh., March 12. The United
Verde Extension Crmpany has declared
an extra dividual of 28 cents n share.
In addition to the usual quarterly dlvl-
-"r - to now.
PHILADELPHIA
STEAM HEWING
COMPANY
Engineers and 'Contractors
S00O SUCCESSFUL PLANTS IN 40 YEARS'
SERVICE
CONTRACTING JOBBING ..-VND
REPAIRING in heating, plumbing, ventilatlns,
noer piping, steam fitting, sheet metal work.
Insulation, heat regulation, electric work,' motor
installations, electric elevators,
WATER METERS
Steam, Plumbing and Electric-Supplies
Telephony Continuous Scrvica Night and Day
N
I'I
a t
. ti
I
tt
'2
... -li. ,-JhA - ," t.. At..? -A- 1". ' -'o"
J,A
S.i.