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EVENING PUBLIC. LEDGER-THILADELPHXA, ! THURSDAY -MARCH- 14, 1918
i.
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UNITED STATES
GOVERNMENT
JM CERTIFICATES
?,' OF INDEBTEDNESS
DATED MARCH 20, 1918
DUE JUNE 18. 1918
'A DESIRABLE SHORT time
YVE8TMENT, AND ACCEPT-
sBLE N PAYMENT FOR THE
rHIRD LIBERTY LOAN.
SUBSCRIPTIONS ARRANGED
FOR '
REILLY, BROCK & CO.
! llANKLItS
106 CHESTNUT ST.
rilll.AllKI.l'lllA
-r-i-r T-k-TTT a nm"nir" TbTbtit
JNEWS (JF THE FINANCIAL WORLD NEW YOKK AND KHlLAJLPULrJttm aiwun. rniVJSSM
I '
NEW YORK MARKET SHOWS GOOD'
RESISTING POWER TO BEAR RAIDS
Reading Is Most Prominent Feature, Advanc
ing More Than 3 Points Steel Indus
trials Also Display Strong Tone
New York Stock Sales
, J i
IV,
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'A Wonderful
Record
Haa 'been established by the Mid
West Royltl- Corporation bv the
payment to its stockholders ol
266 in Dividends
In the first eight months of tts
existence, and this profitmnk.ng
record has been Accomplished bv
the development of less than one
unin (t-iuj of the corporations
Proven Oil Producing properties.
It Is reaionab.5. therefore, to as
, lumo that the
I
jMid West Royalties
Corporation
will repeat thli wonderful record
again during; thf nxt eight (8)
months for the following reanons:
(I) An average of twenty (20)
. additional wells being drilled
each month should greatly
increase 'present production.
(2) Kiit Is being initalled for
manufacture of Gasoline
from casing. hend gas se
cured from thr Corporation's
own wells Capacity 2,000
gallons dally.
(J) The purches- or conttruc
tlon of a 2 000 barrel daily
capacity refinery to hendle
the Corporation s own pro
duction will greatly Increase
the earnings.
The present policv of the Corpora
tion li to set aside approximately
50 of Its net earnings for re
Investment to offset depreciation
thereby affording Its stockholders
an unusual degree of
S-wa
Safety and
Permanency
High Points in Today's Financial News
Majority of slocks itotd tit higher prices In Xcv York; the maikct aioic
'liiff pood rcil'tancc to bear attacks, lteadlnp teas the feature. Cuib shares
tecrc generally toner, drain ami cotton declined. 1'oirlnn cxehanne uas
dull. An extia dlildend tim declared by the Vhclpi-Vodne Corpoiatlan.
I'trst annual iciioit for reorpanltrd Hale A h'ilburn shoucd bis; Increases In
rarntitin over last year, liar silver uai unchanued In Xew York and
London.
IIlKM
A tauten OJd M XV,
Alnnkn Juneau. S
Allls-Chal Co . 83
I ant v..m t7a
Mr Car & Vdy JVi
An Cotton Oil M
An. II fi I. )f. no
Am Mmiccil . .ts-Vi
Am m-ltlnK. . Hl'.i,
Am .Sum Tol) . D3
Am Steel Kdy no
Nt
Low Clos" ch.
U M
J S
f 3SV4 Y
40ii 4Hh 1
10 1l'4 ..
at at v,
.1074 aini
3 J .1.1' i H 'i
III (A Hl'-f. )- 'Mi
01 03Vfc S',fc
nn no li
CURB ISSUES DROP
TO LOWER FIGURES
Lending Issues Under Pro
nounced Pressure Cobalt
Stocks Heavy
New York, Starch 14.
1'ilces ot lending Issues were. Ren
ernlly lower on thf Curl), with liues
.mate inii. mau 4- !
n.iy, naif, r.3'4 's
S1i IU f '14
H4i I'I
Nnv Yorli, March 14.
The stock market showed n Kood resIstltiB power to hear attacks all
through tho day, and there crc many Indications that there Is a Ioiir
lino of buyers waltliiB to buy wtocka when the Blttmtlon li cleared enough
to Juitlfy extensive commitments on the long side.
The action of American Telephone showed the Inability of the benrs
tii force out long stock. That Issue was In urgent demand npaln In the
loan crowd for delivery, commanding a premium of 1-32, and mint of tho
transactions on nn advance from 102V4 to 1033i lollected utsenl elTorts to'
cover shorts by those traders who had been tho heaviest sejlers since the
tccent publication of the annual report
The expected pasiape of the railroad bill was discounted to some
etent, wllh nearly nil the railroad Isiues mnlclnc substantial Rains on
unusually heavy trading In that group. IlcadlnR was the most promi
nent fc-ituri' nil through tho day, beliiK In persistent demand from tho
samo Interests tlmt weio noted as heavy bu.vers Inst Trlday nnd ad
vanced more than 3 points to 84V So far no new Incentive seems to
have been furnished for this strength, und it was partially ntti United to
covering of old shorts, although the belief prevailed that u new bull com
bination had been at work In It durliij? the last week.
The steel Industrials displaced a stiong tone during the greater part
of the day, with United States Steel common mining from 80S, to 91',,
and substantial gains wcio made by Baldwin Locomotive and Ucthlchcm
Steel "11."
There w!is an (neicnttd demand lor manj lallroad issues In today's
bond market, with Clnviapeake und Ohio Tu actively Haded In nt 81 to
81 Vfe. Liberty 4s were ranged from PC.O to Pfl.08.
mi inT); ids';, Si uriler pronounced preuro sellinc nt
what Fccmed to be unreasonably low
flR-iircs.
This was the case ifpcclally with
rev era of tho Cobalt stocks, which were
i old by houses representing Canadian i
Interests, nnd these flocks wire ono of.
the weHkest features In spite of th-
lic.ivv bullion hhlmneiiM reported from
ISiiVa JV4 the Cobalt ijlstrlet last weeK nciiing
.j
.T.l,i
IVi V
K0V,
111! T
mi r
ii
10
:
lis
4214
14.TX. Mill
no n
10? VI IOiV4 't
OATS ARE WEAKER
ON HEAVY SALES
Sentiment Bearish on Idea
That Prices of All Grains
Arc Too High
COTTON INACTIVE
AFTER EARLY RALLY
Am StiKar
i Am T & T
Am Wool.
Annromla ft
.Atchison .... MV4
All IJulf & W I.1I1U lll'i 111 VC
llald I-oco.. . TITf. 7 "
, Halt A Ohio . SV4
'llitoplla Mill . I Vii
llcth Steel . siiX,
i do pref 11 . ism
do pref 11.. . "'.,
I Hums Hros. 120
illutte . Sup C ilY
Canada l'no lini
I Cent Leather . lovi
I do pref . . lot
I Cerio do l'nsco 31
Chandler Motor si
Ches & Ohio . . (1014
Chi nt AVrst pt 22'!i
Chi M H Ht 1'. 43
do pref 14S,
Chi It I & ! t c 22
do (! pc pf t c .UiVi
do 7 pc pf t o Vl
Chllo Copper . tBH
Clilim Con Cop 40 1,4
iol lias & Llic 3.1
(Vm l'roductH. 3(Hi
Ciucllile htcel (I4U
Cuhi Cane Sgr 3 1 ,
Poms M lies 'H
Pistil Sccurl 3',i
l.'rlc IS'
do Ut pref 2S
Rnston Wms . 31
Cen i:iec Co.. ISO
Oen Motors . I24''
I (It Norliern Or 20'ft
1 lullr (o'Pr . 41
Int Jlcr Jlai ssi,
iIt pref . . PHI
Inter Paper . . 33V4
Int Mclo-I . i'i
Kennecitt Cop 31
I.acka Steele . inTB
la high Vnllev nj,
JlaK Mtr 2d pf 22
Me Pit rid . 'I Vi
Miami Con Cop .1014
Mldvale ll'fc
MWsourl IMc tH't
d nrer al
. . i. .,
Sales in PnUadclpMalWCAL STOCK MARKET IS BROADER, C
Wlrxl Txli AUliviii i-lm JcriW ISSUES; J
" I
Railroads Are Strong, Excepting Pennsylvania-Big'
Advances tor iteaaing aim duucwu uim iausque
hanna Brill Much Lower
lllah
10 Am Ons., 2
31 11 & 8 t c 01
Mllrlll J O 24U
n Cam Iron 42
10 Chi U 1st 2t,
340 i:ieo Stor 40i)i
m Ins CXA 2.1V4
nn i.k sup c in
31 Leh Nnv. 04
IBOLeh Vnl. 02'li
IIMInchlll.. no
lo.vr.Vllfcil an VI
401 Pennn Hit 41
fi Pa Salt M so
t Phlla Co 21
1)7 Phlla Llec 21V4
100 Pitts CI .1.1 V,
n.l P It T t c 20
3HH Handing H4V,
740 Ton Uel 3V4
177 Ton .Mln 3U,
S7 u li I. OSVj
Low
81 V4
nV4
23 Vi
42
21
40V4
2.1J4
in
n?i
I1V4
fill
30V4
Net
Clone clue.
82
01 .1
23V' n4
12 '(.
22
40V4 Vi
2 V4 t y
.10 - Vi
(IIU -
fll1) 4-t
All
.10 V4 1
Trading was somewhat broader .today
than It has been for romo time, on the
8(1 V' si)''4 1 '4 I Ioeal ,,ock "change, but the majority
24 1 of buslnefs was In odd lots nnci price
2.1'i V, changes were Irregular, but generally to
5i? '" I IilffHer levels
ii7 n' I Itnllro.ul Issues attracted the greatest
3i' "V "mount "f Interest, nil of tho?o dealt In.
:t,' i'. excepting Pennsjlvnnla, scoring big
8!4 14 'gains, with Heading marked up more
24
2 Hi
B.ia,
20
81
ar
IA
nn
in r 'c X J. 102 101 102 4-2 than 3 points, llurfalo nnd Susipiehanna
l??i1.tin1iHtec,i ,,,Tr ntY' i"1."4 . trust certincates 3 points. Lehigh Valley
tQuotatlon given Is jcstcnlayn close R flolir nn( ,,ock ,,,, Venmyl.
was lienv e-t In McKlnli y-Parragh Jntnl ml. 1013 hiirM, rnmpsreil wllli
vanla followed the same course up In
Mill. iieu ipi ill ,,iuiiiii j -.'.... ..f... ;:'"' B"ir., ic. niiiim, rnmpirrii hiiii . ... . ,. , ,, , . , i .
which was traded In nt fortv-three and 5"V,hr"" ftrrilsvi thus fur thl. wr.k, I Nevv -i ork, where It declined to 44,
31
84
38
22
42W
73
2tr
38
no
in
40V4
3.",
3Vfc
02
31V4
H
38 V4
1.1 Vj
27 V,
31
31 V4
4 Vi
0V1 'i
22
421,4 VI
73Vi Vi
21 '(.
o4 1
no 1
10
4 II V 4 Vi
31
snvi Vi
J t- In
31V4 Vi
H ',
30i H
forly-four cents, nfter having sold yes
terday ns lov as thirty-nine rents
The nlrplane rterks were without out
side, demand, Curtlss dropping to 30 nnd
the preferred, which sold elerday at
05, was ir Id nt 02.
Aetna Lxploslves sold at 8'j to 8?J
and tho preferred sold nt 00 to CO.
Independent oil stocks wire generally
lower, with Mldweit selling lit 108V4
to ins, Houston nt 4IH to 43H nnd
Cosilen nt 7V4 to 7''i.
.N'ltofi-Vevada and W'ashoo wero both
in good demand In the copper grr.vip
t'nltcd Verdo Kxtenslon wns weak,
dropping from 38 to 7.1, nnd Ulg
lO.l.il hhirWI , .ll ul ln-l .L lll.a n.l .. .... nI.A.f r? n Hnnllnn nn ll.n lrt-
llli l..,ii. - "' " " illiu llliiineu mi li I...UI..... .. ...v ,--
IIOMIM
lllirh Ixjw
$1000 Am Hns&
Llec Bs 70
innocity Is Ml 08
.1000 do 1143 08
i:: & Peo
Tr 4s. .
1000 Key Tel
let 3s. hit;,
300 Lk Sup lnc
Gs ... 40
.mill l,it iionus
3 lis . 07.20 07
fto;;
40
Net
Close chKC,
70
08
08
t73
81T1
40
07
cal board to 41V6,'lth tho street nt
a loss to eplaln Its trend when other
"rails" wero moving In tho opposite di
rection Cambria Iron was mere than a point
above the last previous salo price, nnd
fractloml ndvances were recorded by
Llectrlc Storage Dattery, Insurance
Company of North America, Lakn Su
perior. Lehigh Navigation. Philadelphia
Llectrlc, t'nlted (las Improvement and
.30 Tonopah Helmont On n small turnover
do 4s .011.10 0.1.00 0.1.02 .18 I'nltcd Companies of New Jersey was
3 up 2 points. On the other hand, Penn-
IV Ledge lold nt 1 )i and IU.
7"i 1
31 i
130 1381, 2'(,
123 113 Vi 1'4
28yj ,
n
28 Vi
1171 .
3l .
til
si -h.v;
70 Vi
01V
28
11
28V4
17
32
!Hi.
3 I'M
70'4
01
.Suhmnrlno Iloat sold nt 1
I'nlted States Steamship at fi
IVDChl'lllAI.S
n
30V4
llll
J 3
-:i
4814
Close Marked by Quick Flue- on'lMo"s im'f
tuations and Periods ot
Buying and Selling
has paid
and will
While the Corooratfon
leree extra dividends
eontfnue to do o when the occn
fori warrants, the stock I firmly
established on a sound Investment
and Income basis by the payment
of Regular Dividends at the
rata of
Two per Cent (2)
Per Month
Subject to prior sale, we can offer
a limited amount of this stock for
t immediate acceptance
At $15.00 a Share
(Par Value $10.00)
Descriptive circular mailed ci
request.
I tiitxiN iiEt.T wi:Tiii.it rnnrrwr
(lilcun. Vlirrh II. Illinois Pair ln
1 nblit nml 1'rlil i i eoMrr tnnlBlitl wnrmrr
I mirth nnil rentrnl Prliln,
Mlminrl Pnlr tniilii't nnd lrlilui
1 rDl'Vr tonlqlitt wiireipr Frlim.
Mlwumln l'dr loiilclit anil Irlili't
enlil-r et nml eoutli tonlnhtl wnrmrr
I Vllnn'eMitl l'alr tonleht und Prlilajl
I riiMrr wet tiinld'ti wnrmrr 1 rlilnjr.
I onn Pnlr tnnllit nml I rliluM miller
1 so'itlieiiKt tnnlnlitl wnrmrr 1 rlUn.
nrt'l II ilait l 1 ulr tuiilcht mid i-rkloi
wnrmi-e FrMlv.
I smitli DiiUnin I nlr tnnlslit nnd 1 rl-
lip l wnriner Krliln. ... , . ,,
, elm,!.ii Pair t'liilsht nml lrilnn
iix.ler ifiitril tmilsliti warmer "'' -I
,inn, Pnlr tinlclit mill lrlilui
...! ...,11.-.. Innlhti urmpr Irlllll.
I viiinlimi nml IVjiimlnit lair lonljlit I
nml Pi id u.
hlrngn, March 14.
(Ill KIN I1KI.T V i:TIIIK ( OMIITIIIt
New Inrli, .Vlnrrh 11. The fnlloln;
temiier.itnrrH nere retorilril In til riitlun
hell IliN inornlnsl
lldliilmnia. I(l Vhllenr. .Hi fort "mlth,
00: Tlteiii i.tlllr. 02i .litrkoiinvlllr. liimiM,
V llmhieton. ninin ill. h irleotnn nml
All int i. Olt tiii liilntiln, OOi Mireieport.
I ornu ( hrUtl, VlrnipliN. lrklniris, New
llrtpitn.. I'ensiinlii. Vfrrliilnn, VI iron,
Mmitcninrrt, f Imtlnnoncii ami Kniitllle,
IiSi l,ulie-ton, little Knik nml tisin.til,
7U Nnslivllle, 70.
e lorlt, March 11.
Tindlng In cotton vas not active t" Te i
SOVa
4t
11
12 U
2.1
30H
.1.1
day. and after a rally following casl. Tnbarw Prod,
nesi eirl tho market h.igged I c"im" s"rs.'. .'
Ilpitches announcing that tho Allies c s Iml At...
were to take over about 1,000,000 tons I lJ J jij.'1
Nat l.mm - St I0V1
Niw York Cent 73 72
N V N II & II 30Mi 20'fc
V V tint W 21V4 2 Hi
Noif South 100V4 ini
Vnrth Pacltlc. S0V4 sn.
30 :mv
S 7V,
20 Ml
44"!,
4IT'
111',
2.in-,
28'
.11
01
23l4
81 U
70
77Vj
148
r,4'
3314
sn
24 '
m
in
loy,
IVIIK. I ill' .
.11 V4 8'Hi
11a s, 112
17 8-.V,
121 1211 !4
Pacini- Mall
P. nn P. It . .
Pin (1 & C
Pere Morn, . .
Phlla i"o . .
Pitts fz West
Pllts Coal .
Pressed Stl Car 01
Kav foil Cup 21
Pending 8
ltep ,r & Stl 7'iV'a
ltoal Dutch 78
Sears-Hoehuck Its
Sloss-Sh St I .11
Sinclair Oil 33
Southern Pae 87i'i
Southern It It 24V
do pr.-r . . nt
Sliiiiplnker . 40ni
Tenn C ,t I- vv I Wi
i-i
00
3 (1 14
11
23
,11 V4
to 1
72
Iflld
2li V4
inn 2
80V4 -I V4
31 Vi
IV,
20V4 4- V4
I Hi
4 IT:,
12 V. -- V4
231
20
.11V4
ma,
.'IV.
HI K
7114
77 V,
148
.l-.'VI
OITii
110
SI4
41 H
Ul
of Dutch shlnntnir attracted much In- VVah-vh
.... ..nf
canine- nt nt niiit nuite ay today i trust, und naturally led to prrdUtlon ,ln 1Pllf i.
ir.,. .. m irlrui m jo upArir nt .l LiriTpp pv.ifirf innv pmpnt in wliirh'Vest Mar l.ltld 1
r Owing to liberal Hocks at Interior t.jUon probably would figure The news wJi.VilhMfe''1' 4
elevators an Increased movement was , jnt markcd nfwwo WIIIs-Ovi"r 18
Jirt'lllLeil 11IIU MMUIIIICUL l..n ...'..- ......
I Ish In sonic ipiarttrs in the lib a that
110
100V,
8'j
tl
23 1
l
nt
41 Mi
18
33Vj Vfc
Ml, '4
24 Vh
ni y
4fl'i
10 4-
I'll Mi I".
.11 li
lllV'i '.j
sn t-i
12014
91''. f Vi
liiav,
8Mi (.
43'i ii
23', '.
10'lt
0.1 1
ll'i "1
18 H (,
111,1 A
Aetiu explosives , 8 8
Ainer writing l'aper. 2 3
Air Iteduc-ton . ... 72 78
c.midlan Car Co ... . 20 20
("an Car & I-'dy pf... .13 38
Charcoal lion sli 8V4
1 Chevrolet Motors . . Ill 110
Vi '"ramp 78 Rl
i), Curtlss Aeroii'ano ... ai',4 30V4
Cirwen Tool 7 0
Carbon Sliel 81 00
i.mersou monograph 3Vi 3 yt
Peder?! live .1
llendec Mfg in so
Inler-Luko I 3
Knthoillon Hronze pf . I
l.nko Torp llont 3 3Vi
Lehigh Coal Salei... 8(1 81
L'ma Lrieo 40 .In
Maxim Munitions.... T 1
Murlln Anus . ... 7.1 811
N V Shipbuilding. . 38 11
Vor Amer Pap I'ulp. . -Hi 2 Mi
Otis I'.Isvator 38 10
IVerle is Motor 10 17
P00I11 Lug 10 Ml
, i' Itedden Truck l.l
I n" IScilpiM lPo'h 10 1.1
,? S S Kri-sge w I .... 80 81
1 Standard JIolois II HVi
Steel Alloys
Submarine 12(1 1 1 Vi
t to,enh la ad .... II 1
Todd Shipbuilding. ..71 78
Trlnnge Film ... . T
I'nltcd PioHt Mini . .
I'nitrd Motors 28
V S Steamship S
Cnltd Sugar 30
World's Film ... . vi
Wilght Mai tin Air
Zinc Concint
.11.10
13111 do 1st 4s 00.30 0,1.00 01.00
mm 1 a 1 o 1 11 s.vlvanla Salt letded a point, J. (7 Ilrlll
toon d 'issi u. Jnu. 2u. I! I "' t'- Tom pah Mining i. and Itapld
nnd 1000 Phlla Llec Tranlt certincates Mlnehlll nnd Amerl-
1st 5s. 00V, 03'i 0V 3',4 can (as were unchanged.
I Steel common was only moderately
t. , ' .iiitn nine, r.:i,i,ft, inmnjreii wun e-1.- mjini, mil iiikii'i.
Kb (Mleiit:.n,i .:.:. ". V '. ,.L'I;.S", " 'i Liberty Bonds were dealt In on a
8
11.1
30V'
'sm-
(eel., $10,3.10,
eitetm taftrt artnlA .bl - .1
innij, ...iHc ot.iu una wero a 1 lncllB4 r,
to lower levels. CMni
It was announced that the kral '
sponso to tho offering of United Stat. f
Trpnsnrv rerllnnnlna .lniA.i .-.." 1
and due Juno 18. was mom n..?.-i
Ing than those of previous offerings, ifi ',
eiii'cuu uppeni r.i uovcrnor PassmnrlJ'I
nppirently bringing nulck result. i'l
Concerning tho Issue of United kljf.i d
Treasury certincates of Indebtedr,. M
dated March 15, the Federal Itei.Jk 1
Hank of Philadelphia h. V 1. l'l 41
following from Washington: '
"United States Treasury certlflrsiu
of indebtedness dated March 15, liiT Xm
matur nc June 2u. lniR n,.-i.i.i. v?
pajment of Income nnd eee. .'
taxes bearing Interest nt the rats of t ftfl
per, cent per annum nnd In all respects 1
luemicui vvitn 1110 certincates dated 1
February 15, 1018, except as to ut Jj
uaio 01 issuo ami 110m which they Ini nl
Interest, will bemadeavnllablerromeii iA
"In the meanwhile. Federal r.tMrvif
banks are authorised to Issuo Interim re? '
celpts calling for definitive TreanJ '
ccrtlflrates dated March 15 as above Ini 'A
stead of certincates dated Februirv iti "id
This will relieve subscribers for cerlljivl
cntcs of this character of the necemiie Jfl
I of nlng so much on nccount of accrue! J
intercsi ym
"Subscriptions for thce certificates at rj3
by Fcdernl itcserve banks and they art fl
tlU.II". .' vu u.i.i. .u. ...,., HUlltl lu mSKI 11
allotment In full and receive payment yi
wltn tno suuscriptions
Local Hid and Asked
Today
Did Auk
-- i
ii-l
it
7Hij
40
IIP,
3VH
I 2
1 1 Vi
fl Mi
12
American Stores .
Ilrlll JO
tlulf.ilo Jt Mis Ir .,
do pre . ...
Ilalilnlu .. .
Klertrli- Stornire .
Oenmil Aiih.ill . . .
1111 nr, r . . . ..11
Keatnne Tl lrphone s
in 1 r. ... .111
Like Superior Corp 11
I.-hllh NaMx.itlnn '. t 4
I.ehlsh Vlle . I..-
LehUli ViiIIij Trai l-i
do nrrf .IT
Prnnsvlwinl.i . . I4"h
Phllndi-lplili Hire . L-i'a
I'lillmMphla Co.. jit ,
do .1 per rent pri t J I
ilo 0 ir cent pref .Tl
Phllnilrlnhl.i IITlp "ill.
I lloiiline mi;
Tononih Helmont 1
ilonopali .Mlninit :i
I I'nlon Trnftlini Ini,
I I'nltnl Ons Imp nil,
Cnlteil .Slates .St, J s J
York ltn . . . nt,
do pref . , .11 It
I W Cr.imp A. Sons Tl)1,
Trstenlnv
111,1 Ark
K.'.
Ill
njVj
-I1!,
31114
-III
m
31,
41
I.Slj
nt"5
111
l.t
17
70
PI
inn
li
cm
r.Pj
111
.17
4 1'.
:i
."I
JO
1.1
4S
71m
till J
'
11
II
II,
it";
I1J4
4'..
:ui rn'i
L'lP, -.-iPij
SO', st
.-.', 3'.,
:i.', 11,
UP, 41
I.S I1SI
nn in
im I"
31 1;
7!)'.
I JIOXKY-LENDINT. HATES ,
J MiVV 1OIIK Money on call ruled all
! day nt 0 per cent.
Time money today was very fiulet,
the ruling being G per cent for all
I maturities
Prime bank acceptances were nuoted
I at 4 ?i 'a 4 'I for member banks and 4 'i 11
4 "J. lor nonmemiiers Incnglnlcp were
quoted nt 5 WO per cent
I'll II. lli:l.I-II I. Call, li pel cent:
time. 5", flB pir cent. Commercial pa
per, three to four months, iy C pei cent;
sl months, 6 per cent.
UIVIIIlV-Mr nev Is quoted nt 2'i
per cent, unclunged Dbcount rnle for
both short nnd three months' bills un
changed a.t 3 D-1C per i-nt
I'OKKICX EXCHAXGE
New lurk, March 14. The foielgn
I exchange market this mprnlng was dull,
lire being sllghtlv off as tnmparei? with
I isterdav's quntatlonh. SpanNh cx-
change held about the same as the clos
ing levels of jeterday.
(Juotatlons were.
Demand sterling 4 75i,, cables 4.7f. ',
28'..
-l'
3.1
"K IXACTIVE PIIILA. STOCKS
2SS. Following nro quota'lons for Imctlve I "'i'5"1-1 sierllng bills wen- nominally
', .stocks listed nn the Phlladelph a Stock 4 '; !,n'' "ln ty-rlnv blllH 4.?n.
" Lxchange and "n which then- were 1101 J-ranc chicks 5 ,3. cables 5.72.
prices for all grains an- too high Huy-
SVIIIni? onlprrt cmio from f li,. Sjonlli I
but the principal business appeared to I ...Tehil K.le-. 311.101 -.liiire.. riimp.irril wjili
week, I.ViK.iiMi shirfsi hhup prrhm I it
Tulsa Securities
Corporation
111 ELMHURST IJUILUIXG
KANSAS CITY, MISSOURI
, great deal of Interest was attached
to th" mietlngi of ofllcliils of the Hoard
of Trade with r p-ei-eutatlvcs of tlm
I tending western exchanges here today
and tomorrow ,
I Tho mirkit at Liverpool was easier.
I Shipments from Argentina for the week
wero estimated at 350.00O bushtls,
I against 230,000 bushles In this week last
ear
h high on March waws fil'.i-. the
w 8014c and the close SO', ifi 89, c
mmnared wllh Olttn tho fln.il of vp-
00 tons Included 1 nil development v.iir'k I terday The best on Mav was Sl'-ic. the
Nraftlittdl no water to pump, nn (ran: .bottom 87Uc nnd the nnnl R7?:r hid.
against 89c, csterday's last price
Corn also developed a heavy tone, wllh
tho feature i-elllug bv elev.ilnr Inter,
ests OtTetlngs by thli branch of Hip
trade supplied n. good many of tho rest
Ing orders to buy under the market
The volume of business was small, being
hampered by poor wire service
Receipts In tho Interior were lighter
than for several days, due part'y to un
favorable weather conditions.
March ended V4e lower, nt J127H.
The best nn May was V4c above ester-da-s
last price, at $1 27'i. and the
close at tho bottom at $1 2C'i bid
Lending futures rinsed us fullons
lest
Open HUth Low Close Uom
Corn (new l"llvcry s
March . 1.27 . ..1 Ji'ttl 2S
May i:274 1 27'i 1.20'i M 2I1W 1.27',
Oats . ...
March OPS S "IVl AT T '!'
..... b'llL I.I1I& S7
l"
;.. 1 i.i in.. i,i,..i th ,i. I nngin.un in iocu quarters
ill. Ub'-iii-il. iimc,,i ,...,.,.. ...v . . r-.,,.,, Tlurnnn-a r.i.rrl r. ll.n ..:.!, vn.Ufiii .l.irv..
.fn easier tendency with futures 1 . of ..,'. ,n,pr,.,u .".
fffi Anthracite Coal Mine T'
tS'V?1 "OKANTONi One .Million Ion, r low
t l X "marketable eoal: Culm Hump of 200,. 1 coi
rill rtve lialr Interest fur 130,000,00.
s.rt!culr
Herbert L. WUliams
r 428 Coal Kxrbanae llllllillne
Srrnnlnn. Vh.
. WANTED
a fiExperienced Bookkeeper, by
UViBanbincr Hnu Qfafo ,
i'?s.iwperienco and references.
I J4j'. t SB s ana s J dfr..
,fy - v aifix i ccj, keager unice.
. ' .' ,
'W ,
J2i
.M
1. v
Wfljj
i'JL
Oil Stocks
including some of the
most popular and ac
tive of the independ
ent oil shares, are
analyzed from the
standpoint of
Their Possibilities
in our new booklet which
rijiou should read.
Ask for booklet T. U.-IK0
r (Mailed on Iteijuest)
JONES &BAKER
r STOCK BROKERS
WwrBUft, Phlltu)lphii
suourn "rwLNUT ueo
,.. - nxnnws.swK ru
S'JVi MI'J S7U S7'Si 1S0
Mirrh . . 21 70 Jl 77
Vayi .. 20 07 211 1 2 "3 T 2il Oil -.-il 117
July! . 20.27 20 23 20.17 20 20 t-'.27
lllf'"-- ., O.J.
Mnr(h . 24 37 24 42
May .' 21 ni 2102 S4.H1 24 7 t.'l 02
Julv. . 23.33 21.42 23 20 21.2.1 21.33
M1y"!'74R 30 48 60 48 40 48 42 MS-SO
Uld. t Asked
nri usul by a relatively large propor
tion of other tb in American grades In
receipts at Liverpool
The flnrl hour was mi-Led bv quick
fluctuations and altcrna'o periods of
buying or selling, which, however, indl
citid no caingo In general smtlment.
iieiiiiiui iwr 111- ni.- liiiji wa1 less pro- i
iiounppd und old cnni toil.iv rttt.,1 m.
latlvcly stead
tXew York Bond Sales
Tho close wus steadv at an net .ul-
VI. nee of 9 to 15 pulnts
Hl.-'i
linnn Anicr Aur ! 01
l2T.no .Vnslo-rrench 3s H'l.
tnil'l Am HI.',, l. I. i,j 1 1 ' 1
lino 1 Am Kur See .la . W"
J111111 Am r .nl U Ilif .Is s"
2. iKin nier l.l ell 4j hi
I 2711110 do ."s . II2V,
limn Ainer uiri'HU s . in
Yesterdio's
ilos Oprn Iliah l,m 1,1st
March 32 3il 3.-21 .H.-ll :ij IS t.
Mn . .11 Ml 31 Ml 31 M :n Hj ai 11;
July . 31 JS .11 411 11 4.- :u jo .ii .
'lilob.r . 411 tl .III 4(1 III 40 4(1 PI ",11 11
lieiimW 3d is 30 on 311 111 ;io im ,-jn 00
Miot . J1 11
llKKiil Aniir Writ l'nn .Im SI
I J'liio Armour t'u IVsh s4
t p. nun Atihlmin -;en 4s. sle
lllllil) Halt . Ohio 3s Mi
11,(1(1 On 4s . 77-i
, l-JOlill llith hll 1st r.s '.Id 7S
I 1(1(10 HrooKn II T .'u.-ls IH'i
411011 llnriil iux (W . . -i
3IIIKI Can C'.oM .'m '21. lllVa
I .'lllllil 1I1 ,1. '.It . 112'i
, .lllllil rent l.mlh 1st 3s 1111.
inn 'nt lilt M rit .". 111'
lllllil I. Illle l-uppir 7s Kill
INALllv fc fthw lOItk STOCKS siw-ii" do i-nv .la siv
.. I'ollnvvljiff ale quotations for Iructivn ,,'!;!!! nliflMt.n 1. ilk
.now lorn Mln. iiini in wnic'a there u?iiuii t'hl 11 A Q Joint 4s U
nn iiu uHiiiwvuviin luiiiij iOO price
given Is the last previous salo
Adwmco Hum . HH Mont Tower 117
Ailv Hum pref 2(iW Nat nn.im i s. 'isia
AJix HuIiIkt r.ri n) ;n t h f
,vm Acri v ncui 11 .Nat Aime -."I
HI IllSCtllt
M
l.nvv
111
si's
Kill
111
Mi's
S2
tl
!I7S
SI
S4'.
l
Mil,
$
ni'.
M1H
ll.llj
!2',
.lVi
1112
100
72'
SI
07
ltTs
112
CiOSO
11.1
-III
11 10
Si
U2V4
liTa
M
S4'i
Illinois
Ohio
I'inlrle rip
Stitid Oil Cal
.-Hand Oil X .1
Stand Oil X V
IMIM'IIV
lliriu-tt Oil it Cut.
t'onlen .1 Co . . .
Llk Has n
Kedernl Oil
Inter Petrol
Houston Oil
Merrltt OH
Midwest Oil
Met Petrol
Ohio Kuel
Oklahoma ltef
I'.lco Oil
Sapulpi lief ,,,
Sequii.vah
Sim lair
I'nlted Wist OH .
1 :
ST.VMIMtll (III,
.. .181 mo
transactions today The price given Is
uiu nisi previous ciese
1
. .328
..203
..127
.238
332
208
21.1
.13.1
202
330
238
NT OIL .STOCKS
I
. 74
. Ii-li
. 3VH
. 13
. I3',i
. Ill
.107
i,
14
. II
. r.
. VA
I
. 17
li' I
'A
7
3"4 a
I3',i ..
4.1 44
ni"', nn,
09 108
' Vh
in
7 d'i
Vi Vi
8 V, 8V
I Vf. 1 Vfc
, Vmir fl is wur
I vim r llnv pr 11
I Amer Mores "'I
1 VIII imp Insur in
'Amer Mill . 111
I Viiu r rt' . . .30
Vm-r .vinrrs nf n
I Huff A Susn nf is
1 (-11I iwlss- tut nf r..
Ton Tine N J Ill's
7-ii Arnhnlt . loS
o n Asp'ult nf .ll'i
III . 11 T in
I lit & H T nf 17
lo. jiionrt Ti I nf 17
t:e Tel 1st pf 17'!
Ml llros 21P1
l.ih Vni Tr nf 27'.
MIMNO STOCKS
.Mask i Standaid .
Atlanta
Hlg Ledge
Hulte Nw York
Cal & Jiromo. . .
Con Ariz
.1
10
I'.
si I L'mma Consolidated..
i'J' first N'ntlonal 2
7k'1 (inldfleld Merger
t'l'J flnldP-ld Cons ,,
M.l,
IM'tI
112'i
"
I I."
inn
72'i,
si
07
.-,!'.
02
07 ',
04
Kl'
S.l.
II7'4
lit
SI'.
Kla-
Am llet iiuir
Am t an prei
Am . r pi i"i,
Am Hlrto . I, l.i'n
Am I.lnsied pf i4
Amer Loco .. JiiS
Am Loco rref . HUH
4 m . lnfl II
Amer Unit prci si -4 j; u n m ,i nr
Am VTlrnrSS ,.4 VI.. I I. u...,u ,
Amer smelt pf 1 NorP A West pf 7
Am Mm.lt pf A '-j .s-orth America 41'.
Am smilt H .mi s-,a s.oii.i stl m
Am Suitar pref 111- oulo Oss rets s
Am Tobacco l.lHii Ohio Fuel Sup 42
.vm iux !. ,,- nwens lint
(I7S.
Nat Illscult nf 11(1',
Nat l-on le Clil. ll'J
ini i ik i. nuu ,,
Nat Clk it H pi inn's
Nat Lend . ,11'J
Nevada Corp 1S
.. ii I IX 6. px n
in,
mi's inn's
si
lllllil C -MftSl' cm 4s 2oS Ml
11,0(1 do rfil 4"js... ll.Va
2(11 ll Ch II I ( I' rfil 4s 01
.'.mid lnl & South 1st 4s Si's
21(1(1 City of Paris i"s. h7'
Ijiino Con O is iv lis. , lno'a
.iiiiiu cid ns .is . Ri
.llllilfl lien tc Hill 11 is . I.l'i
lllnilll Krenrh Hip .1'4. tins,
i.nnn HI steel db I'm si
Lllllil Inillana Steel ,1s IllTs
limn HI Cenlril 4s ..4 1
4IKUI Intirli .Met 4'i .It
lii'in Intirli It T ref .Is xl'i
Cmioo Inter Mt Mar (la OJMi
4(1(111 Kun Cllv So .!. 74Vv
2IIIHI Liuka S'l .Is 10UK. Ill' j
.1110(1 do .la llllil HO
lllllil I.k Sh ,1,1, Is 11131 S.I
lllllil I.orlll.inl .Is lill
48IH-00 I thrrtv I Id ml 3Vjs. 07.40 117.30 07. 'VI
'"::'.. ."' -:' ? . '." "" Vt -.'"'I ' tiQit.i.i r..
tit SO ir." 'i' lii'in n
li"
llll'i
u-.'S
41
.1 1'.
M's
l'l",lt
III!
SI
llllV,
li-.l,
111,1,
M-
i,V,
41
31
M's
112'.
74',
lll'j
!'()
SI
tin's
i.oldfleld I- lorenco ... 14
Holdfleld Kewanas .. . fl
(Ireen ltonstr ik,
HeCIa Mining. . . .i,
, How a Sound yt
Independence Lead . .1
.lerome Vrde !
.I'm Ilutler 114
Jumbo IXtensInn.. ., II
McKlnley Parrngh. . 4.1
Magma Copper 30
Mother Lodo 3D
Mines Co of Americi. 1
.Veviiila. Hills .... l.l
'fv Ida Wonder ik
Nlploslng sy,
Ohio Copper j
lt.iv Hercules 4 yH
San Toy 13
I Stewart S.,!'
Tonopih Extension., 1V4
I I'nlted Verde 38
West Lnd Con 78
White Oaks
White Caps
I Vcrlngton fl
.'
I
Am i a. . ii- ;, iac Tel Tel 2l'j I -i"" in im s iwi ju uu.iii
AraTtT:,IW'l Pan-Am Tet nf lll 2l"(lil l.vnns lis suv Si.'4 Sil'
Am Writ 1-apl 24 J., j7rn pr,f LU. ' luol Manhattan 4s 42'4 42'i 42' ,
Am Wcol l-ret 111". PeSrla "llnit. 4-s. , '""" Mnrs-'lka Us HIV S "7 I '
Am Zlno t I. 14W p Srv Crp N J IOs'4 I 2'"1" M't Wist nf Chi 3s R24 K.'V RJV
Am V.lne Xf I. Of 41 l.J' rii": ., t Klllll tn P,. ..m Am r.Tt. r.TiJ. -.71.
lilts
SS3 BAKBR.
wwntr BtHuinr. mitictioiiia.
I saar send ma jour Uiol,ltt. "Twtatr
ritacksi."
Ml ...i.........
.,T. U. 020
DIVIDENDS DECLARED
American Agricultural Chemlial Compmy.
regular quarterly nf 1'j per cent nn lioth
preferred and common, payable April la to
stock nf record March 21
Southwestern Cities. Klectrle Compmy.
regular quarterly nf 1 per ent nn pre-
rerreil, payauie April I 10 hiui.r in iriuis
March IR
Utah Tower und I.lsllt Company renular
nii.ri.rK, of l. ner cent mi preferred pay
able April 1 to stuck of record March III
I ...!.. fl.. .na t'ta.lrln I'nmnjnv rrff.
rfllir,l.n.. .,n. ,,. ...r.... w ---
ular quarterly of lVs per cent nn preferred,
payable Jlay l to siock ni recora April io.
Iledley Hold Mlnlna- Company, quacierli
of an renta a share, payable March 30 to
stock of r-eora .Maren j
tTnlled flas Improvement Company, reg
ular quarterly of 2 per cent, payable Apcll
la lo SIOCK ni record .inrcu ui
Victor Talklnc .Machine Company, usual
quarterly of 3 per cent on common and
J74 per cenr. on preicrrcu. I'lyRwiu iiii
to stockholders of retord March 31
Ihi.fImd flanbonhone Company, reaular
quarterly of 1i per cent nn preferred pay.
able April 1 lO eior ni rei-orii .tinrin ,.,
Indianapolis Water Works Securities Com
pany, reaular semiannual of 3H per cent on
preferred, payable April 1 Hooka close
Starch 20 and reopen April 1.
D. C. Heath Co . reaular quarterly of
tt per cent on preferred parable April 1
to- holders of record March 20
Oklahoma Producing and IteOnlnz Com
pany, rea-ular quarterly nf 2'4 per ent. pay
able March BO to holders of record March 20.
OIVITIKNHS
tB Or THK C. H. OEIHT 4 0M1MNV,
' T pnlladelphia. Ha.. March IS. 1018.
rAor imishsiisiu usitr ierka
a Caaapaay have this day declared a
aettilannual dividend of three and
wi v 7'v per snare) on
srrM Block of ssla Company, pay
s. swab iw uuiurrs oz auiii 1'r.
k of record on tha booka r n,.
av in oioea oi ousinrsa aiarcn VI.
Melt will b eloaed from March 20.
I . ,. to ABr.I 1. 1B1. lu o-clock
Clweka will b mailed.
t. , VVKAK,
ffecret a ry.
Man maa . la v tns
au-4 r,
Hucyrus Company, regu'ar quarterly of I
per cent on preferred, payable April 1
stock of record March 23
iv., rnmnanv. eevular najarterly of Y
per cent nn preferred, payable April 1 to
stock of record Starch 22.
rittsbursh Coal Company of New Jersey,
rea-ular quarterly of IU per cent on pre.
frrrd payable April 23 to stock of record
Hell Telephone Company nf Canada, usual
quarterly of 2 tier rent, payable April 13 to
stock of reenrd March 31.
Jiarretl VOmpnny, u.u.i suniinu v. -,i.i
a ahare nn preferred and enmmon and vn
tha preferred atoek subscription receipts of
'he American Coal Products Company. Illv
Idend on common of the Itarrett Comnanv
la payable April 1 to holders ot record March
20. and preferred payable nn or befora
April 1.1 to holders of r-cord April 1.
Southern New York Pswer -Hallway Cor
poration, quarterly of 1V per rent on pre
rerrsd. payable April 1 to stock of record
March 20.
I (
..... ... -- r - i it'itrs.vrrutv
Asso DO 1st PI n. Picric-Vrrmv nf ml'-i
Asso Ull J.i.-d pitta r-0,i rrer Ni
AKhlsonpref J. 1-ltta fc W. st Pf 7'i
i7u. ,i5iV rr.r ii Pullman p Car 111
laid Loco pref 111' n, s Mrr(nf -,,
larrett 0 . P-Ml ,, , pf 3,
I rlibn UnOa. 10. ,., o,, pf :17
Hutte t, it l 1.0 is . . . ., .tl
Cal Petrol . 1"T fi .'' .""...' .'.3
Col petrol pref 41 ! '',.. -;,.
' '; ..".....- ... senra lloel
Chi H N VV
Pf 11(1
111!
R
1S
17
l"I .
ST,
ni
411,
KjaSzH
tvDretM Minimum ea Bowls
Cluell.phdy pf tin KnuT
c.ii e south ir'' i'SIM ; ! -,
a W." -? V w s;! v'""":
PSrt'rVnb """ r-. '!S.1"ha5kl'r pi
Will. ,.. st ' 'luta Motor
i iiiinui " ' . Su U.,l ... I,,l
cont int Cal 1 IT-? Teias'co fct.- 1PV,
rSba Ca'nVi Pf 2l rex., t Pae HIV,
Cruclblo Stl nf siiJ Pt".'1 "L'.i
Deere Co nref 01H J t I. ft IV . 7,
Il-n ft Wo O Pf. R'4 J " I. VV cfs Rl,
Detroit Kit son 121 T St I. ft W pf SO
lie i Und lim T I. 24 Pf ct. JO
li r. ft IV 177 Trensue.Wms 40H
Vleo Stor liat r.Ri4 Twin City n T .11
Trie d pref 20 Hnilervvd Tjp 104
IVd M ft S pref 2S'i Hnderwd T nf.lJ2
(l.n Chemical.. K.1 n Hair Pap 1J4
rieneral Claar . RJ". !'n,n ' I" nw ?.,
Oen Clear nref PR's tfnlon Pae pref 71
Ooodrlch It P . 41V4 njt Allnv Sll 40
Oreat North pf. 1 r,n,.C1r.?,r pf "".,
Orenby Mlnlns;. 70 . United rruc imv,
flreen. Can Cop 41H I'ntd Drir 1st pf 4RI4
Oulf States Stl. 01 I'ntd Or- 21 nf 70
Ifarlman Corn. Rl United Pap Hi im
Havana, Hlec. lot United ny Inv .'.4
Hnmestaks ... RU I'ntd Tt' Ini- pf 14
Illinois Central. 4Vi United Fruit . 1"7
Int Aarlcul.... , U S Uubl-r .
Int ArtI pf... 4i 11 s rt'ii. i.t2nf lnovj
Int Harv N J 120V4 " s c. 1 P ft v 13
Int Nickel f..lOR It B C X P pf 41
Int Cons Cnr... R'l It S tnd Atcn nf tlOU
Inter Con en pf 41 It R Itealtv tmn 1'i
low Central... U R Healty Im
Tewel Tea .... RRH 1st pref ,.,.. r.o
Wan city So pf 41) it h p..h 1st pf loon
Kan City South IT ll H 8m A It pf 40
....... cl... IM 1,.t. .... ..
1 eiiv.ripr'iii. ... v,, .'."'i - m, r ., -'
KenK ' iii,,. ts ular. nrr .ore. ii'i
Laclede fla..i so I'-i-rsr Ch of 1004
fe rtuh t Tire 1RV4 's Coal Poke 01
Lorlllnrd Ifl "!srren 1 n,. HVi
IjiuIs A Nssh.,114 It .-rep n H pf rl
Maekar Cos pf. U " 'I's "sr-o .. R0
Vanhsttivn F.I.. n"!) vet P.elfl- .. V4
May lrt P Pf, 10214 ""est Md 2.1 pf -Ml
May IDt tr. no tv.sths- 1st pf. int
Max Mtr 1.1 pf ;y,5"l ' U v., in"
Mich Central... 11 Wheel a I, K pf 20'i
Mln A Pt 1. new 10 White Motors,. 4R
Morris A Essex, an W son CQ '.J.. 11414
M K A T...... 3 Wilson Co nref. P8
MK AT pref., , Woolwenh .:,.11-
Sa.... r... m T .3 - Wlm Cmlp. I ae
1100 IP int .I-nwcr .Is . Rft
101)1 N V Air Hrake 0s lll"-s
Linnn N V C ft II lis . 01V
200H N V Clt 4'. a inno llll'i
1 1 in .0 ,in 4S Hun not,
anno N V (1 II ft P .la. Rsv
r.nnn n v rtwy r.s . irvi
30(10 N Y W C ft 11 44 a 40
14000 Nor Pae prior 4s. Mi
70(10 do w la , Sill,
2.1II0U Penna ken ct 4Via. R0V.
lono do en 4V, a . tnTs
10000 I-ero llnniui-tle .Is SI
2inin Ilepu riiim s 11104 nii
tins
110
RU
411
tntin iten tr ft H .is
20011 .Sinclair war 7s
1000 ilo 7s
linnn st I. ft H P lu
Iinno ilo ser A . .is
1000 St I.nuls Sn r,s., 1.1
10110 San A i A P 1st 4s 10H
lfinno Seahrd V L ndj .Is .Id's
lows) South Pae cv 4s. 77H
12000 ilo cv .1 ni'i
3000 do rfd 4h ... 7RH
3100(1 South Hwy gen 4s iifll
inniai Texna Co os .. nnis
inno Tnl Ht I, ft W 4a. no
Winn Utah P ft I, .Is w R2S
7IHIIH1 CH Ituliher ,1s.. TR
4iino p s s ft 11 ns ... fins,
anin tr s nm,i,.r s. ..inn
(180011 II R Ste'l S P. 3s. OR1
Rlinil Pnlnn Par 1st 4s. R7
HlflOO ITnlis Pae rfd 4s. 78'
losiiiin u K nf (1 II ft I 41a ORK
IllOllll On IVts HUP... PT
mono do .Via new- 11)10 OSV.
151000 do .VUs 1021 .. PSVs
l.ionn v 11 wis .is ... . on
10U0 West Kleo Bs ,. 054
RRV
Kl'Vl
nm,
Il0'4
'
lR'i
40
Sll
Kll'4
R'Vl
ni',
Rl
HIV
nn '4
nu'i
fin
4RS
r.7
.n
30VJ,
1111,'
77
02V
7RV
I0'4
no
r.o
S2S
77",
llll'i
101
'i OR
H K0V,
7R1
5
ORll
110
PSV,
M
R'l't
03".
ins
pu'i
IR', I
411
Ml
RU'
Rnv .
HI'.
Rl
MV
pil'l
no'.
Ml
4S,
r.s
.VI n,
,m.,
77H
r.2V
7SV
nnv
PS I,
.10
s-."i
77V
00'4
loo
ns
r-ii
74
i'Vi
07
nv
P1V
R-I'i
o.i'i
IIOMIS
.. 07 IX.
Cosilen Oil lis .... 80
Cosilen & Co Ct . . so
Cud thy 5s 01
Husslan (lovt S'in, . 37
Itusslnn (Invt BViH... 41
Southern Itnllway 5s, 00V4
Sinclair Oil 6s .... . 80
Todd .Shipbuilding Bs. or
l.l
Ja;
I
I'i
!'i
ni
.1
h,
IB
8
ll
1V4
IVi
i
01:
to
10
40
38
Mi
l.l
1
,.
4V4
IS
7-32
1N
30
811
3
V4
II
07 y,
83
81
117
30
43
7 Vi
83
00
1 1 Vi
liV
v
US.
I, Xiv 2d rt of 41
I.1I1 N iv w r w I 7
Little Hchmlklll 11
Vo'lh (Vnt 7.1
P It T -.-il't
''.in Truffle -j'i
Phlla Co nref 2S
riilli Co in pf :m'5
Phlla True "1
Hi- v Cn Oen. . . 4
I'nlon Tract . . 411
I" S Slen nf ,ln-"s
'Virwlel. Iron s'i
Wist I'nil . 7(1
Wet I K Seish tl
Wm Cramn Rl
York Hu v Tin f 32
KAILROAD EARNINGS
LIIIIIOH V.VI.I.P.Y
IMS Incrcas-
Janunr press. . j.i nil RRS 1402.213
17171. WAnH I.A'K"A WANNA AND
WLSTLHN
January gross ... $4,3-11 -Hit 140.7m
Net oper Iniome . ,177 0I1J 701,307
ST PAl I,
Jnniinrv smss J" pi. 1111 $-,s1,,!)t
WLST JIIHSHY AND HHASllOHn
Year Hided Dfcomlipr 11 11117,
Operatln-r reenue. JS, .111. 047
Nrt revenue 1..112H17
O" ss Income . , 1,2'nl R-io
Net Imnme . . 1.72.002
IKin nn
Lite checks S 40 inhlcs 8.18.
Swiss clietks 4 42. cables 4 10.
I'esetns clucks 25, cablts 2.1 10.
I.ullder checks 45 cables 45'j.
Ntiickholm checks 31 i , cables 32U.
f'hrlstlanli checks 30H, cables 30i-H
Copenlngen checks 20'J, cables 3014.
I'.ubles checks 13, cabbs 13IJ.
BANK CLEARINGS
H-inkfle.irlnffs tn,H rninp-irtd with cor
l(5pomlln4 di List tlu clrs
. Ills 11117 1010
Phlluli M.-0-,-,41 $11 7(17 111 10 7114, 7 Pi
lleslun 4'i s-u; s-, -i? t 1, ci 4 t -,l 1. 's
,V York l'l' S7S 412 .112.1(11 I1S ll.-'l li'i2,3ill
HaHlmnri. 1, '117, Km i..."..'!!.!! 11 71.1 1 112
Short-Term Notvs
Hate
per tent
Am Cotton Oil . .1
Am T & T (subs) 0
llllto ft Ohio .1
Hallo ft Ohio.. . .1
llcthlehem Steel .1
Hrookljn It Tran .1
Canaillan Pacific ll
1
u.
r H A Q
Drla Jt HutlOIl
llrif Unllmnd . .
Tmrral l.lfc . .
".(ner... Klnc.i '
Vow York CVnt -.'-a
Now York iVnt. "
v vmm; 11. . . ."
PrnniUfnli o 4H June
Puli Ht Cnr N 1 . Mnr
Horn Arm-i ln C ." Voh
outhTn Hwy... fl Mir
(fnlt((1 Fruit , . fl May
Ctah Sccur Cor. Sjt
ruc ma Alk
s-l'L 1,1 ll'i DHL. .41
Feb '11 IIRV, j," VJI
duly -IS W)V iaiL QI
J.ulj ;in us ti,t
J eh 'III (174 Sj3 ,i
duly MR j-,3 5,7 !;
Va,r . M.. Ml
m
Julv
Aug
Apr
Die
July
'21 nam
.11 1I7-,
111 BV, 14
in unit too
.'11 I)9H 100
.May -is no', tn
Sept 'la miv nt
A... 'IS . n. .. 4..
V' ' ..'.7 " .'.. ss ,.
-I inn, m
in nn I v
in RS BD
in i)s h
is bv limn- 5
22 81 MH
PORK1QN aOVr.IlNMF.NT SncUHIIIES
Aim 'in nvt tsu
Oct '-.-0 ROV (
t(I 11
Am Ten Srcur.
AllRln.Prench .
rip-ntlne lnt
l-ll r- Purls.
I "Hep of Prince
itusslnn now
Itusslnn tlnvt .
C.ovt of Snllrcr
fn K of Ot II.
I'n K of fit ll
Un K of ot II
it May
ii licl
.11, Apr
iPi June
.IS Dec
1 Mnr
111
RIH
im
41
37
40
I's
Sept "IS ll
rvov
Xnl
20 11111 1IKIS
in nm
:i :
i (Pi
S3'
Convertible Into loiu-tfrm honds.
m4
8 3
4"
New lurk, Marc'i II (lold coin to 'fd
inr amouill OI inii.iiiin ins men wun,
drawn from tho SutUrea-ury for-thlp,
mi rt to Mexico. ,
More Gold for Mexico
Cotton Huyers and Sellers
1 rw Jnrk, March 14 March Mc
.. I I'mlden bid, (leer offered
J,, I Mav New man. Wonimn, IV Otnnoens
Hank of England Statement
London. March 14 The v ecklv state
ment ot the Hank ot Lngland follows:
Totnl leservi- 31,2.10.000, Incnnse
300.000; I'ln-iilatlnn 17 281000. de.
en-is- f30r..0(i0; bullion fio, 1 85.000. In
crease 11)1000. other securities 07.
fin I 000. dtrriasK CS8Jt.fi!'-: ntliT ib
posits 128 miT.OOO. decieai- 8 518.000;
public di posits, f 38, 552.000. decrease.
2.fifi'l.000: (iovernment recur ties 5(1,.
024 000. dicrease. 1.113.000 Tho nrn-
lls'liin 1'ortlon of tho bank's reserve to Ha-
1.-2.RS1 bllltles Is now- 12.70 per c.-it. against
207.323 17 31 per cent last week, -.nil compares
i with an advance from 1102 to 10(10
tier cent in mis weei, lasi .v ear Clear
ings through London banks for the
wok were 426.000 000 against 4111,.
810.000 last week, and 312,100,000 last
year
1721.72S
S.
i'i,
'Hi
11
nml Wleck bid : Schlll. Itnuntre-e. M irtlii.
, Hartcoin. Minds and .sellir offered Htra !y P he ps-DodRC
I Julv Hiooksi. Downs. Schlll Mnrtln I . , , ,, , , . .,,., ,
land Hartcorn bid: Newman. Wntklm- I ,. N.''n "k- March 14 -The "helpt.
Wilson. Llnsteln nnd Seblev offered ' '1o'1';0 ornoratloii us di-,ar.-il the
ri..i.a.n,. r'irrr.i .,. i usual nunrterlv d vldeni of S2 50 n
Parrott and Hooper bid : ' cieannau' I '"'P' "ni1 ?." p.''tr,'1 ,,hl'-lV"J.."f 55 ""
Newman and Downs offered. ' n slmrf' on Its stnik, pajablc March 2
to hucn "i ii'i;iim iiiarcu i :i
i .
LIBERTY LOAN
COMMITTEE
Warns of thf
danger of keep
ing Liberty
Bonds at home,
requesting Banks
to take care of
them free' of
charge.
We have fre
quently adver
tised this service,
and many sub
scribers hav
brought their
Bonds to us.
You are welcome
to the free use of
our Fire and
Burglar Proof
Vaults.
Middle City Bank
1518 Walnut Street
Branch, IUdie Ave. and 12li
31
II
1V4
12',
7-32
1
80
1
LOCAL MINING STOCKS
TONOPAH STOCKS
Jim Ilutler ...
VIniNnmaia . .
Midway . .
Vllipnh Hxt...
Montana
North Htar.,..
Ili-seue Hula.
West Hnd... .
Hid
.Hi
.13
.07
.011
.IU
.04
,01
.7S
Ask
.ml
.10
,11-1
.07
.12
.01
II
.'J2
001.DFIKI.U STOCKS
Atlanta 11
Illui Hull IIJ
llooth 14
Hlamondfleld II 11 ni
D-ilsv 01
Kewnnns 07
Oro OT
Sandstorm Kendall Ill
Silver I'lrk 03
MIBCHLLANnOUS
Arizona United 11
Nenda Wonder 1,21
Tccopii Mlnlns , ,, ., ,, 17
.12
.01
.01
in
.in
.os
.IIS
in
.on
.11
1.3R
.11-
HIBKTTOItV OV ACrnl'XTANTH
Certified l-ulille Aefonntanta
Tnlnl ..I.. .1 Jft? (WO. inmnn,,!
RS.iiso-l yrsteriltiri thus fur I'ds veU
RH!?ISf,Cfl s.imo period Inst nerk, $10,.
om.oTO.
LAWHK.NCE K IlltOVVN & CO
Ifilr. III..AI. IfH-PATIl TIIIIKT III Un
... INVHST1UVTK ft ADJUST I'.VltTNLllsiup
'' I oni-DHATHlN IllHI'ttTKI) ACceillNi'j.
I
(leorite K. Watson. C, P. A.
13th Flcor, Heal Kstate Trust Hid.-,
Audits. , Tns reports.
.&'!
SBi.fri.i..i
ODD LOTS
SPECIALISTS IN
BABY BONDS
AMI
CONSERVATIVE CURB SECURITIES
For Cash, Reasonable Margin or Partial Payments.
Direct Private Wires to the Floor. Prompt Executions.
WINSLOW TAYLOR & COMPANY
Members Consolidated Stock Kirhanae of' New Vcrk
43S WIDENER BUILDING
. ..J .-... PHILAOELPHA. ., ,vV ,JPu-
N'cvv Issue
$1,600,000
Louisville Gas & Electric Company
of Kentucky
' Bond Secured 7 Gold Notes
Denominations $1,000 ?500 $100
Dated Alaich I, 1918
Due September 1, 1920
Authorized $J,75D,0(H)
Outstanding 1,600,000
We have summarized as follows from a letter signed by Donald McDonald, Esq., the Com
pany 4 Vice-President and General Manager: '
I'tirfitsr To retire entire outstanding Gold Notes maturing April 1, 1918.
Justness The Company owns and operates without competition all the gas
and electric properties in the city of Louisville, serving an esti
mated population iweeeding 300,000.
Sccitiily These Notes ate the direct obligation tit the Company, further
secured by deposit with trustee of 133 1-3 of Geneial Mortgage
6 Honds of the Company.
Earnings Net earnings for 1917, after all charges, exceeded 6y2 times the
annual interest requirements on these Notes. Net earnings for
the same period exceeded 1.7 times .total interest charges, includ
ing interest on these Notes.
Taxes The Company will pay the Federal Income Tax not in excess of
2ve, and will refund the State Tax in Pennsylvania.
. Price 97;J4 and interest, Yielding 8 .
, Descriptive circular on request
H. M. Byllesby & Co.
Morris Wistar Stroud, Jr., Mgr.
Bonbright & Company
Incorporated
437 Chestnut Street,
Philadelphia
1 1 1 Uroadway
New York
I
i
.OPINION OK Tllll CAPITAL WSUKaiCOMMlTTlSH
.'u"Pt.mb,ri205I NU Ut ,h" WUv0Sr!l.ANV1 dated March 1. 1018. und P,-
Passed hy th. (iapltal Issuca Commit!., of th. Inderal He.erv. Unurd (Opinion No. 60) a, not Incompatlbl. wit
th. lnt.r..t of Ih. Unlt.d Stat... but without approval of th. merit., .ecurlty or Mu", "f Irl an Respect."
Tty
5
ft
ra
.'
W
i
m
7!frrm,m. -
$ 1 1" v ' $'& v " x 2"?a: Wfr ik&
r .-,.. v,
- o1.;
..rtrt
Li
? "":