Wa-
'
rp ,
t
. tLi
EVENING PUBLIC LEDGER-PHILADELPHIA, SATURDAY, MARCH 16, 1918
ILLY, MOCK & CO.
BANKERS'
INVESTMENT
SECURITIES
GOVERNMENT
MUNICIPAL
RAILROAD
it v. AND
PUBLIC 8ERVICE
CORPORATION
BONDS
:C6 CHESTNUT STREET
rillLAIMM.rillA
.aaaal
NEWS ,OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES j
NEW YORK 'CHANGE ACTIVITY
IS-CONFINED TO FEW ISSUES
Price Movements Are in Opposite Directions.
Reading, )y Advancing After Drop,
Attracts Most Attention
New York Slock Sales
High Points in Today's Financial News
Ititsiness on .Veto York Stock Vrrhanpc teas largely confined to fcie
Issues, ii Uh Heading attracting moit attention by advancing after selling
lower. Curb trading continued Inattlic. Grain declined and cotton it at
firm. Average and actual loam decreased hi the .Yctc York bank state
ment for the week, and thcic were bin gains til rjriiiaiicl deposits. Hank
iteming throughout the country thlt week t-rrr above corresponding
period In tPI7, but below last ueck. ".'. W. IIn Company declared an extra
dividend, Tlar slhcr was unchanged In Xew York and London.
' hnrestments in Oil Stocks
Only the stocks of proven oil producer!.
nvrwsuy niinRSfa, amy conaucisa.
rsiylrur dlvldenda resularlr. ehould
cnoeen for inveetmenta at mia ums.
Barnett Oil & Gas Co.
la en of the ndlnr Imleptndent (4UI
j4end) parlnff nil companies,
niMnd rut" !M.
i"i7 nriivn insrKiM ifw inn; ,.iro.
4oo not charcn brokcrairs on Darnell.
For detailed Information
IWorton R. Alexander.
Philadelphia Stock Exchange Bldg.
" MlllUin St.. N. V. ''-
f.KO.VT. AnVr.ltTISKMHXTI
W? . J3E3 NOTICE IS HI'.ltKIIV ilKN THAT
e -a- a petition has b-en filed tn the Court
f Quarter Sessions of Philadelphia County
.i-s '!? tne appointment or William Male as
S ' ,nalBnt. nf ti. T.itl. Il'.pj .1.. ...... I
, ' Philadelphia, tn fill a vacancy caused by the
A resignation of John J Mead A hearing on
. 'Sit1 tjtltfon v-lli be hail In mild Court IJtonni .
?;' ". City 1111) on l'rldnr, Murth 22d. 1018. '
fee,., nt 10 a. m
SjV
, s
THOMAS IIorlAN.
Attorney for Petitioner.
ihmdi:m)s
FRANKLIN TKt'vr COMPANY
IBIh and Market Ms.
, -.. Philadelphia. March IS. 1018.
.Tno Hoard nf Dlreitnrs has th.s ilay de.
'l'w r niiiiu.li .im.i.mi OI ip,. Pay-
hla , . 11 ... . . i.i. .1 i . : .
April !.
Checks will
March lit. It" 1 8
t'h.rlc Will hn tilalln
to stockholders of record
HARntfi Jr :
Trrasurer.
WHBtTOBV OK AfmtlXTANTH
Cer-tltted I'nhllr Artoitntntlt
I'l .
UHHKSCK i; llltuWN
sin iieai. :
BMTlllATI!
.T.m1)ltATIU.V L XJIHI'UTKU Al'ftJUSf J
J1S nEAI. 1JSTATK TUtlST Ill.tio.
i , 'V.'LV.!;7.'.iv.llTNK'tsl''!,
Corir K. Watson.
i
18th Floor. I'.eal i;ta'tn Triiat ' tlldr.
Tax retiorts.
Audita
K STEEL TRADE HOPES
TO ADJUST PRICES
m
''Meeting Next Week in Wash-
i ' mgton of Greatest Inter-'
,: est to Trade "
Two factors
New York, March IS.
came Inf or tlip lion's
Kr
i$9
w
ii"" ' imcrc-si in tnc Meci market
KJrdnrW the last week. The first and .
Sroot Important Is the comlntr mtH-tlnB.
Si In Washington, between tho War Indus
tries Hoard and the inembern of the
trenerai committee on tdeel and steel
products of tho American Iron and
Steel Institute.
This Catherine will hn tiewt h.m w.,i.
Ef-j hesday. and It Is tho hone In the imi '
fej1 that tho arsuments decided upon by the
t, -- " iiicKimK ui ina uniaorf here
o two WCeJtS aco. whleh wna utinnA.1
,by representatives of tho various lead.
.InK branches of the Iron and steel In-
f dustry, will be conlndnc enough in
fff. obtain somn fa.orahle readjustments !
Anrll 1 n.t
VThllo there, in nn ns.nmnA u.i... t..
,".Qovernment authorities uln nmmmn,i
RJife'.to President Wilson, It Is felt, generally,
K.f that tho matter of Hint" tell! .n.v. in
r. . I .inc in
;&, for the greater part of consideration.
rcV.'aa It Is cenprallv rpnllTeil ilm tia j...
"Virnment will need all the plates that
'' flan he. turned nut.
B.kV TVtneHtln rieivnan.1 rim .a1 in ..,,,
Rit.Vrather small, hut tho Government con-
l&ll ltnmm .tr. lutm n In ...- n.- n .1..
- i.-t -" .v mifcc iati. ui niu JJTO"
i'''4rtlnn nf the mlllu rnr u'o r.i.rr.n,A.
5 -. -- - -.. ........ ... ..& i'ui yvmn.
iTalldi aome plants recently havo been
BB1 to catch up to a ymall extent on
j-j.T.uwiir uvnverien, vtiucn are situ pehlnd
.vaeneauic on some old contracts.
i,V:There was quite a ealn In the nut.
PUt' of the steel plants of the country
K. rdurirur the tiabt week. nmnuntln tn
? jnrobahlv 8 or 10 nee rent. aiMinrnlm. ,
' ' aome reports received in the trade, and
fJWvthe' point Is made that "this Increase
! iwuia nave Deen larger it me railroad
'( altuatlon bad been better.
'.. . . m alilll llnl.fl .1... ...at.... at .1 .
'fcll jiittfcvo mu uuiiui UI llie'COUll-
prri la about 90 to 85 per cent of
oajaaclty, In the opinion of some of the
. JMM-Dosted authorities. The. 7Tnii,i
" ''Stetea Steel Corporation, as In tho last
' ivt weeks, Is working Its plate mills
ci! a. 100 per cent, but some of the smaller
'.producers were forced to shut down
,j temporarily for repairs, etc., It. Is said.
,-aiMi inia cause.u tne lower percentage
.jjMVtne industry as a whole.
New Yorti, March 1C.
Huslnos on the stork eclianj;e in the two hours of trading today v.s
restricted to a comparatively few Issues, hardly hnlf a dozen stocks .show-
Ing any activity, and tho movements of theso Usucs wero in npposlto
dliectlons. '
Tho trading clement on the floor ilovotcd most attention to KeadltiR.
which, after declining' to S2";, ncjaln moved tip to above St, sclllnr; ns high
us any preceding time during the week. So far nn information can be
obtained in regard to the bals for the hcavj trading in this sloclc since
last Krldav, nnd the Street i dlspc-ed to regard the movement ns tho
result of pro! operations.
Ctnadlan raclflc continurd umlcr prcssuie. with increased selling,
apparently Irdurcd by the new Oinmltiin tn progrnm, nnd felt 3 points
.ii the first hour tn 1SSV Weakness whs also shown in Sinclair Oil,
which dropped '1 points to 3054
Thcic was bullish demonstration .'.n sevrinl of tlie Mecl industrials
In tlie early trading when Ilaldvvln Locomotive and liclhlohcm Steel
"IV both made substantial gains, but these stocks reacted later and the
majority of issues sold off In the late trading.
A littlo strength was also shown In Krlo Issues, with tho common
making a fractional gain In the first hour nnd the preferred opened up
1 point nt 29, hut there was little demand on tlie higher level, nnd part
of the gains was lost before the olosc. Union r.iclflc reflected accumu
lation, ranging from 1214 to 12.ai.
A feature of the bond trading was the strength in Burlington joint
is. which rose from D2 to n2Vj. Liberty la wero heavy, felling lown to
95.06. I'.allroad bonds were fit in, with some fractional gains
Moneu Situation Restricts Trading
The money situation ha.s loomed tip In Wall .street as a distinct Influ
ence nf restriction upon trading. Tho unusual Mtuatlon has nrl-en
where the largo commission houses ate In fact discouraging new busi
ncss. Admittedly occasions arc vcr5 few when Slock i:change members
deliberately fct out to cut oft their own commissions. It readily will be
recognised, therefore, that the incentive must be an impelling nnd
serious one.
.The situation in brief is this: Kfforts of the hanks ami trust com
panics to meet the reQUlrcmcnts of the Government In tho form or pur
chases of Treasury certificates of indebtedness In connection with other
demands Incident to tho war have virtually closed to outside interests
all avenues for obtaining accommodation for fixed periods, rhus w an
. streefhas been placed In tho unfortunate position of complete dependentr
upon call loans for conducting the enormous transactions which go rot
ward from daj to day. hut which under" ordinary circumstances run
so smoothly as not to bo noticed.
To date, demand loans have not icqulrcd more than 0 per cent for
Stock Uvchnngo business, a fcatuie which undoubtedly is duo to the
control which so steadily Is being exercised by the money committee
that was formed while the distribution of the second Liberty Lon was
under way. The committee during tho last few vveek.s has already loaned
out considerable amounts whenever tho strain showed evidence of be
coming too fevcre. Its funds have been subscribed by virtually all the
banks nnd trust companies in the metropolitan district, upon whom it
draws pro rata as necessary to meet rcquhements. It Is somewhat ap
palling to contemplate the extent of the demoralization which would
most probably have been current today had the Vcdcral reserve act not
been so fortunately adopted befoie the trouble began.
The general tendency to discoutage business is, therefore, a part of
prudence, affecting not only broken themselves, but their clients. Men
of experience In stock market affairs aro not going to put their heads
into a noose which can be drawn taut at a moment's notice without any
possibility of preparation to avoid catastrophe.
Market Undertone Is Solid
Despite the strain In money and the concedcclls deplorable situation
in Russia, us well as the knowledge that in a few weeks American cas
ualty lists in Franco may bring home n. much wider appreciation of the
...... ,i .,.imn tbnt mnit be faced In the war, the undertone of the
...-i,t r.,niin remnrkablv solid. Some little nervousness was
llles
Alaska fjold M. I
Allls-fhal -o. . 5U
Am Can, U,
do pref 01
Am far .k Kily Wi
Am lnt Corp. . nt
Am l.lnsced.. :i:i"i
Am Loco. . . Bfl
Am Malt pref. .IS',
m Smelting., si
Am Sum Tob. . iin'i
Am Steel Krfv . .V
Am Tel & Tel. Ion
Am Woolen . . . .'VJ";
do pref in
i Anaconda Hin4
Atchison . . s.
do pref . . so'.
At! tiuir & W l.llS'i
:.n
!!,
xti
:,
lon"i
. in
IS.V,
JJ'f.
in
. ii
nt'i
. BOIt
. 'V4
. I?
. ?3i
I.e.-
Ill
3S
tlt'a
H.
.V!i
.13,
lV)i
3Vi
nn;,
f.i '.4
si
oo'-i
Mtn
04
fl.T',
H.I
sniv;
111',
MVu
.I.V'j
so
Net
rte h"
1-Ji '
S.Hi 'i
3 '
oi'.i Oi
in n
S3"i ',
.1.1 i
fl.lli
.!", 1 "4
80 U. '.
0.1J4 l
fl.1 '.
00t ..
R3"i
FEW PRICE CHANGES '
IN TRADING ON CURB
t n-s a t rnn A TMm TO nVTlTJITTVr T?T V TMTT T
Sales in Philadelphia' iajoajj "t TTn," 7
BU i 1JK1D1LS AKlli llOJL.llN;j; urVVAUD
Oil Issues Fairly Well Held.
Motors Steady Mines
Show Activity
.VI" i
1.V.3
80
"; 8
inn'4 lonii
hi in
131 13.14
33 33 K
in in
it il
i84 no
09 'a 'ii
.tOVj,
11
Hi d I,' co.
U.ilto Ohio
do pref
Ileth Steel
do pref 11
do s ii p
Ftrkl4i II T.
Hums llros . .
I II fc Sup Cop.
'fa! Pet . ..
I do pref
Canadian Pae
Cent Leather.
I Clies & Ohio . no'A M
' Chi M & St P.. 13 4ltl
, do pref
Chi n I . I' tr 33U 33
I do B p a pf te .isn;, .18,
do 7 p c pf tc no 08',.
Chile Copper . HI l
rhino Con c(,p mtj in',,
Col I'uel Iron :i87, .isii
Col Oas : nice .1i'i :i3",i
Corn Prod . . .ts'.i an
Crucible ,teel . mt; ."'.i
Cuba Cane Sue .11 .11
do pref nnii, so'.
rel Hudson . 1I0H II014
, Distillers Scrur Itsu, nsi4'
i:rle in". Lis;
1 do 1st pref 3' 38H
do 2d pref . . 31 31
fhiston Wins.. "Ilt Sl',4
fJetr Motors. .. 133", 133
Cioodrleh n I-' I3 IK'S;
nt North pter. ooi
lireeno Can Cp lo'
Interb Cns Crp Hi'.
1 lnt Mcr Mar. . 3il
do nref OHii
Intern'! Paper. 11314
81)1,
lllif,
1
New lork, March 1H
Tiuillng on the Curb was quid, with
out Important change In prices
Aetna Kxploslvcs did not make any
response to thn nublleatlon of the plan
0t l(,of rcorganlaatlon brought out by Sells
03 -- 'I'man & Co.. selling nt 0 to 8 vi, and
" -. there was 1 lit e.r mne-e In tie airplane
stocks, Curtl.s being traded In Ht 21 '4
and Wright Martin selling at !.
Submarine was steady with sales at
12.
Independent oil stocks ncre fairly
well field, with Cosden elllng at "
and International I'ltrolcum tit 13' .
to I3.
The motor stocks weie steady. Chev
relet ranging around 119 mul fulled
Motors sold nt 28" to 2SV
Thcie was some Ilttlo actlvlt In Co
balt shares again today, with Nlplsslng
I,, nnml rtMrlml nn. fliPA HD4 rnlflV
- Ai, active trading In the lowcr-prlccd Issues.
id I Tonopah stocks wero quiet and with
out material change.
United States Stcninhlp so''1 at J'a
and 5 Maxim Munitions at 15-1G and ",
and Carllglit at 2J4. -
INIR'NTUIAI.S
lllih
3 Am Oas. 83
80 Crlo . . . lit
ISO On Asph l',4
30 I.eh Nv si
330 Penn It II 1.1
IS Phlla Klcc 3il
.180 Heading, 81
J00 Sinclair U 31 'fc
100 Ton Hl. 314
3.1Ton Mln. 3H
ot'n Tract II
II.1U f! I .. n-'.i
30 U C N .7.I0J '
son tr S Steel 91 VI
s"0ViirIX.H 8U
t.w
83
inn
11.4
8.1
4i
3 "I'l
81.
31 ts
111
3r".
11
8
193
9 Hi
ill
Clean
83
in'.,
n.l
tin
SIU
8111.
3l'i
an
if'' T,
on
103 1
91H
'.4 .
Net
pane.
I
1. -I Changes in Quotations Generally Unimportant Le.
1 ni' hich Coal and Navigation Prepares to Increase 1
Production Freight Situation improves
-
IV
Total
.'..II! f
.linres
delphla Stock Uxehftnge during todays
I short session that the few customers In
boardrooms found virtually nothing to
.tltnii., I'l.. iIm tAarket WAS made
I...V.-0. ,,1.3 TtKll. iii-ii.u.
nn nf Inslrnineant odd lots, but price
d sain. 3.'l." shares, tompaml wllli changes were Inclined upward, which
"s
I".
14
k
-1 , I
3"i 1
- !.'
i- 1
IIOMIS
lllch Lew
.18 7.
00 "t
in
ini
3H", .
:ija, i,
smj, i
nt
.11
sot. .i;
110'a . .
.I814 ',4
in - 'i
3II'4 -IS
31 14
SI'i 14
133 V,
I le.e
icjnoo Am (,as3s "9 .it ,n
ISO Lib Honds
.T.js.. o: 0: n:
I.1.-.0 do 1st 4s 01.01 05 95
18110 do 2d IS 90 9.1,80 90
3000 Pa genru
h- 9"i 89i 89".
sooo Phlla iifrp
do 1st Os O.lli 9314 9314
1000 do small
bonds) 981; 96'1 9011
Trading was ro small on the Phita- one, at Co-ka William, where an old
cuiiici urn ud icopcneu: me oth, r
being fct niian. ner
Doth of them should bo In operation
by next winter and will add from !JC0
to 3000 tens of anthraclto a day to the
company's output, which now areratei
18,000 tons a day. Tor 1917 this ,1.
Street. Pany increased Its production of an.
Lehigh Navigation and American flas . thraclte by "Upcr cent,
mmle sm.ill pains earlv. while I'lllladel- Ofllclals of rnllroarU niun,.ll..
phla U.lectrlo, Warwick iron and Tono. wnr,i from Chicago and St. Louis reooii
I, .ill .liiiiiiin nun ijiivniiei..i i
1.30 Traction on the first sale this week ad-
.30 I anceil a full point, but no Itapld Trail-
I sit transactions were recorded. Hefore
' " i the close Tonopah Mining lost a frac-
, Hon. and Tonopah-Uclmont came out a
1
Vet
he,
, lnt N'hkel .... "9i;
Kenn Copper ., 31
Laeka Meel. . HO',4
I.eh Vallev . . M-H
Mex Petrol. . ni"(
Mldvalo . . . 1.1
Missouri Pap. 331,
"C V Central.. 5.1 1,
NT Nil e; Hurt 30
xv unt & w
901.
10'.
H'i
3H14
05",
:n?
39
.11
HO
nt
!)i4
tl
331,
53i
38.
31
Xorf "r West . . in.Hi tn.1i,
t)hlo (las . 30V
Ontario Sliver. 5 '
Penna It H . . ll.
Pitts & Wes.. 30.
I'ltH Coal . . . .1.1
Hay Con Cop. 33
Heading ... Hi
Sinclair oil . 33
southern Pae . HS'l
Southern It K. 3lis
do pref in..
Studebaker . 15
Texas Com . tl
I'nlion Pae . 133
I'td Cigar Strs 85'.
U S lm Ale 133
i: S Rubber. .!'.
U S Steel 91
Wabash pref 13.,
West Union Tel 03 '4
Willys Over .. 11.3
43
00'.
in',
si',
391
98
31
39
31
HO la
fllij
91
1.1 -S3",
53 ..
38',
31
I0.14
39
Jl.
3!l
in,
39
.11
33
Hi
.101,
8.1-;,
31
01
til'i
ItHL., 1481),
131i)i J33J,
sn 85",
13114 1311.J
siu si'.
91 01
13 IS.
03 1 93 'i
18", 2 1Hl3
Aetna Hxploslvcs ,
Am Hrlt Mfg. . . .
ni Marconi . .
Am Writing Paper . .
Air Iteductlon ... .
Canadian Car t'o.
Can Car eV lMy pref .
I'harecal Iron
'hevrulet Motors
frump
Ii Car Light
H Curtls.s Aeroplane .
1 arwen Too!
Carbon Steel
I'tnersoti Phonograph.
I'edrral Dvo
p; IHemlee Mfg
mtei -i.tiiin
14 , Kitthndiou llrour.e pf
1. 1 l.akp Torp lloat
Lehigh Coal Sales ...
ijj I I.lnui Lou
h, ' Muslin Munitions . . .
1. .Marllit Arms
IV V Shipbuilding ...
ii V Amer Paji Pulp . .
nils 1'le.vatnr
Pf rrless Motor . . .
1. Poole ;ng
1? ' Iteddeti Truck
,7 Scrlpps-llootli
S S Krege w i .
'
3
3 3
I,. I
HI,
15
83
3's
3
G5
H'.i
130
HO
trlflo lower, r
3 ' Heading did not sell until after the
as.A 1. - l-.a a-!.. . liaH If ei fl
Total sales. Sll.Sflfl. .omp.re-l with 1 ' our- "1 ""?" ', , ,ed,in
3I.8. se.trrda; 1 ihU eek, ll,nooi Insl peared. while Pennsylvania closed tin-
eel, siso.stM), , changed after advancing.
United companies of New Jersey.
INACTIVE I'lllLA. STOCKS which had shown strength during the
Unllowlng aro quotations for Inactive later part of the week, loft a full point
stocks listed nn the Phllarlelnhia Stock nn a vmttii transaction.
Th" bond division was quiet, with
Liberty Ixian Issues Etrong, the Is ad
vancing to 97.
That everv effort Is being mauc io
Uxchance and 'n which there wero no
. In., transactions today The price given Is
t" tne last previous cicse:
' Amer Has wir. I' t.ih 'at
7.1
Tr nf.
38
00
3
31 14
Standard Molois
UT. -39S,
-.
1 ...
" . B 't...-l , I .
,;S. - li.Tli-'ei .M1J).1 ...
81", - in. Submarine
:iot. 31. St Joseph Lead
9n
31
3
I
:tU
' Aluer Hwv pf
voter stores. "i
, Alliance tn&ur . 10
Amer Mill .. . in
. Amer nv s ::n
1 Amer Meres pf ij
I Huff su-a pf is
t'ataw Iss, l-t pf fi?
Coi Trj- N J bbH
, (Jen Asp'ialt pf .".I1
1 tit . II T . . 10
tit It II T pf . 17
Km tlnnii T-l nl .-.?
I Key lei 1 nt nf 17', Weit J A seash 43
1.11 iiro.s n't yors nvry orcr
I, lav 2.1 rt Pf 4-1
I.eh Nav wr w I
l.lttle H'tinvlMII 31
North Cent .,
PUT ."
Pern Truffle. . . 3
Phllii Co nref 58
Phlla Co nn of 3 Pi
Phlla Trae . 71
list Co (Sen. . '
Pnlon Trsrt . . .40
II a Steel pf .inn'4
West Coal . ... n
that the car situation has ltnnmie
sldernbly during tho last' week, cnabllni
a freer movement of nil kinds of ton"
nago nnd, unless the Unforeseen hip.
pens, 11 lifting of certain embargoes Ii
expected In the near future.
Conditions at tho seaboard are re
ported as more favorable and the rail,
roads at BUch terminals are havlnr less
trouble than for a number of weeks In
getting a prompt return of equipment
Tho situation, however, fs still strained
and the favorable Influences which enter
Into the shipping situation should not
bo taken as to mean that normal condi
tions havo arrived.
ltu-lncss ha.s been stimulated some.
what by the labor situation at the larger
Industries on account of employment at
Increase the output of anthracite, though . mors, rtien, and the gradual return of the
there aro 21,000 fewer mlnc-workcrs outputs to mill capacity,
than In 1915. Is shown by the contracts L officials of southern roads report a
let today by the Lehigh Coal and Navl-1 much better car supply, which t- a tit
ration Comnnnv amounting to $1,600,- tor which helps the traffic situation ma.
000 cowring aridUlonal mine develop- terlally. Shipping is about 15 per cent
ment and two modern steel breakers larger than tho same week last -ear.
Local Bid and Asked
TRADING IN CTTON
ON LIMITED SCALE
.mi
Today
TIM Ask-
Hi
H
HOI.
SIS. -
(II a.
t
. ,
a
Todd Shipbuilding..
Triangle lMIni
United Prollt Sliai .
1 S Steamship . . ,
United Motors
t'nltid Sugar
World's I'llm . . .
Wright Martin All
Zinc Concent
is
74
281,
30
8.1 .. I Am, Stores . . L".i
SO . Illsldaln .. . . 77". 78',
T. Tj, ' llrlll JO 21 23
,n I Huff A Hiisq t c... ill U
,', " I d pref 17 -IS
', llleo .storage 40. r.iv
"'i Uen Asphalt int., 17
10 . . do pref ,-,Oi j 51
15 .. Kej stone icle s !
tin do t e ,o
... Lake Kup Corp IS'. PI
,- ,. I 1-eh Nav illVj 1,3
' " I.eh Vallev ,1 Ul.
K' , lh Val Tr 111
I. 11 , do pref 37
7 Penna 4 IT. 41
i..n. Phlla IJIcc 21, ii',
J."1 ' Phlla Co 21 2
i" ' lo 3 per cent pref 21 27
" do n i r cent pref :to :iot-j
'. .. Phlla ft T t e 2H', 2lt'j
1; .. .Heading 81'. 81
.f , ilon Del .1,', 31,
-'.,'! T"n Mln 9f, :i'.
28li . . rn True 40 41
3.1 CO! IIS tls't
.1; I' H Sleel :il, ml,
'.. ... Oork Hay n'i 10
.', " ' do pref 3l-j 32'4
1 Win Cramp t e.... 71lj 81
Vesterday
Hid Ask
20 ,
78 7HJ, '
21
uc;
17
4'l
in';
no
is,
n iw
i,n.
in
7
21
21
30
82'!
3',
3;,
40Vj
dSVj
111',
O'a
.11 1
70".
Prices Close at Net Gain De
spite Lack of Interest
in Market
Hi",
SI
9
i
113
Of,
2fl '
28
not,
2rt',
Mt! I
iif
rorroN iiki.t Mnmir.B roNniTio.vs
w York. Marrh 1. Tne fallowing tern
peraturei were recorded In the cotton hell
this mnrnlnst ,.,. ... .
Oklahoma. 33t Ahllene anil hno'tllle.
3li I'ort .xnilth. Uttte Rock and W limine
ton. 40i .shreveport and Vlrksburir. 441
san Antonio, Corpus fhrlall. Meridian,
Maion and Aiiut. 40: .Montf-mery.
Thom.i.vllle and (harteston, spi I'ensa-
ota. 32t (.Blieston and .New Orleans. 51)
.fnrkvonvllle. 6O1 Tampa, 63.
3',.
Total sale., 191,300 shares, compared nllli
3I0.WH) harrs esterdar llil- week. 1,0111,
900 shares! hist week. t.5ll,5ro sluirr.
Illinois
Ohio
Prairie Pipe . ..
Stand Oil Cal..
Stand Oil N J..
Stand Oil N V. .
SjTAMIAHIl oil.
I8S 190
335
.354
.31.1
.335
.300
33 !
358
3)0
.133
2CS
New York Bond Sales
INACTIVE NEW YORK STOCKS
Kollowlng are quotations for Inactive Harnett Oil
New York stocks and In which there ! Cosden & C
n-.re no transactions todai. Tho price 1'lk P.asln .
IM1TPKNHKNT
ei O.IS.,
Co
OH. .STOCKS
1 ... ... , .-in
given Is too lasi previous &aic; irui.-i.i wu
rtvance Hum.. t'' Nut Hn Stp 4Tj , Inter Pcttol
dv Hum pref. Iitij Nat le-art . . S3', Houston Oil
Alar HuW)r. . S; Nevarti Corp. . 181, Merrltt Oil
Alask 1 Juneau NO Tex Me, jn Midwest Oil
Am Ann h"ri . il tl Jw J'l pi .t'i't a in.-n,i
Am Heet uKr 81 Norf South 21". M,p.- ' 'et'ol
Am iffi - 1n. Vn,, , ,,.,,, , -0 oh o t'Uel .
in, Cntinn OH . 32.. North America. 4U Oklahoma
t
... II & I. Pf. '" 1 North I'ae Si.'
Am Hide (. 1. . 1"i vo"l Sentl Stl '
m Llnieed Pf. 74". X T Air Hr . 120
Sm Loco rrtr.. t"f Ohio CSaa rets . IIS
Am Bsress . '"'; Ohio i'uel hup 42
vmer .iiaii . . " ..wrne uni
I
net ..
Sapulpa lief . . .
Sequojah
Sinclair
. . n-.'i
3U
... 1
... it
. . . 18
. .107
. . . r
. .. 11
. . . O",
... '
. .. !.
... 17
3
13-!4
40
19
109
Jli
'.
8'.',
U
18
.m,r smelt pf ion Pae Mall 29'j Alaska Standard1
Am 'melt pf A. ojj'i Pae Tel Tel . 24';, Atlanta
10-.I. 1'fople'. Oas 42 iimt,. NW vAri
pref ins, Pere Marmitte 12't ,.V Sh
1 .. 131'j Per- Marq prf 58'; 1 ',on Arl. :.;
JIIMSB .STOCKS
.1 1.1
ill 12
I'
.,
dis
played at the midweek refusal of the Senate to accept the conference -Uui i"" P"f JJ-J. Pullman P car 'lis '
.eport on the AdmlnWration'. railroad bill. This nervousness however. jnjrrjc-Ala. t , ;t..d;. m pf -passed
when the measure was amended to meet the Senates views. The . ,.-Mvn rap w. ,ep J H - -
uttack upon tho national finance corporation uiu iiuewisi: w-s uuci-.cu
wiwn rnninr efinpclallv iii v lew of tho Incteaslng strain in
money, to which reference already has been nude.
This Is another influence, however, which Wall street is appaicntly
( ulte confident will bo satisfactorily readjusted in n. short time. Indlca
tions that n serious movement Is under way to Induce the Administration
to take over the express companies and the telegraph and cable lines on
terms equally as advantageous to them as those accorded to the railroad
companies have attracted attention to the stocks concerned. Tho decl
slon of the Western Union to place Its stock upon a straight . per cent
annual basis instead of tho 6 per cent amM per cent extra recently paid
seems to be regarded as n part of "his general movement
Railroad Reports Show Need of U. S. Control
Railroad earnings for January tho initial month 6f Government
control certainly are suggestive of tho acute situation which would today
be confronting, operators had tho Administration at Washington not so
promptly taken control. The January report of such n representative
railroad system as the Pennsylvania presents un illuminative. Instance.
Operating revenues for the month In question amounted to $3,484,33?,
which is more than double the total of -1.17.3,02 for January, 1910, and
certainly compares favorably with the llrst month of 19H (a pre-war
period), when the total was 1,4"2.043. But despite this remarkable show
in' of'nctlvlty in business tho company's report shows an actual deficit
of'some 13,000,000. "What, therefore, must be the real condition at the
present time of the weaker systems'.'
Am Rmelt
m Suirar.
Am -Sugar pre
. n-.t..... lr.'H. '.. ia... .....
.Sin '"""."'.' " ''", .-".".!" 7' "7.: ' ITn.,..- r-nn.l.llil
Am ion pr n-iv !'- ,-rnria e. i.ast. 'j .....nnv ...... .;..., .... -.
", T I CM' Si. P Srv r'rp N .J.iotij llrst National 2
Am T . T 2d pf 03' PhlK Co 24 , Cloldfltld Merger ... I
Am Writ r.i Pf 2f- Plerce-Arrow 0 , (ioldlleld Cons ... ,,
m ?,,nrV,f is i..V.'nAr.riow 'l 1'P' Ioldlleld I'lorence II
Am Zinc l. Pi l Pitts Coil nree si I i..flnn,,. !.-.. ,,,,,
As.o r c, tst Pf r.2 , ruts . vve,t pt ns'-, i .:2l4.lelf! ',J,V. V
Asso Oil .-. RHs Pressed su Car 112', ' rc-ii Monster
Att Posit nine. S3". pr.,i stl car "f inn llecla Mining .. . . 4'i
vti u fc v in "-. 1'uuman Tdi I'.ns1. i none riouiiu 4".
aetonie v true ...
Jim Hutler . ... t!3
Jumbo Uxten II
i MiKlnl Darragli . 41
Magma Copper ... .30
Mother Lode .1."
Mines Co of Am. ...
Nevada Hills 1
Nevada Wonder .... It;
Nlplsslng 8
Hay Hercules I",
San Tov I
i Tonopah Uxlen ... I '4
United Verde .18
West I'nd Con . .. .58
, White Oaks ...
White Cups ,,
Verlngtou . ... 0
I
S'l
I.
5'.
7.
3
18-li
108
H'i
iiuue i V ,nii "ojai Kuten . 7.'.',
Cent l.eutlv pf lOI'i ilv jt Spr . .-,4 1 -Cer
de Pasio. J-'a Seara-Jloeli ,.t4s
'"L"'.!".'" . o'v Hhalluek.Arla 17
' C!, w"' .of ia el I, I 8 P.. 12-i
rhaniller Mot. M-j UI T. X TV.. "S
,M.I Jtf V VV. . P
rineli-rhdv pt. 11,,
Col H. Poulh. . ";'
i"nl i So 1st f 4.s.
Col f. So 2.1 Pf. 4'.".
Comn Teb Reo 2
Corsol (las , s,
font lnt Cal M 1T"'
I'ruclMe Btl nf 8
Den ' H'i O pf
Torn Trod pf . !"."
Deere ' Co nf. 0 '
Del k Hudson. 110'v
Detroit '"ai...ii 12
Dome Mines . 8'.
I) I, A W 177 ,
r.len Ster Hat S"'-.
Ked MAS P-ef 2-'i
r.en Chemical. .IS.
. nenernl CUar, i
n.n r"sr pref
lien l-irr -'
Inn Motors . tl'i
Sears P.oeh pf lilt
"aise-H A-ms.. Itrt
'eaSrd A I,. . . 8
s-l,-r A Ii pf. 1
sio.s.shffr . sr.';
stand Mllllnr . !ifi
"tand Mill pf.. 8'.';
'ildep-t,i.r pf . fll
-ti'ls M"te . 41'
-n S-el let pf f"V
Tenn Cop , . . lf."t
t'esi. C0 rets, V.'v
rev-s '- Pae... io'i
Vera, Co l.-.n'.i
Tobae Prod pf 80
Vrnnspe.TVma . .nt;
"Tin. Cl4 H T. S3
Cn.'erwil Tpe 101
''nderwd T if. 112
I'll Itap " Pan ll'j
'., ..... .j :': .- i -ii n i' neiT , i
lit Northern Ore Js1. Tinn pac. rr.r T)T
nulf States Stl. I'nlt Allev stt. 40
n r-r sir pf 102
IIOMIS
Uethtehem "s 9514
Cosden Oil Cs 80
Cosden & Co Cs so
Cudahy Os 111
Itussian tlovt "i.,. .. ,15
Husslan Ocvt Ot2s... vj
Southern Hallway Ss. 91114
Sinclair Oil Cs : . ho
Todd Ship 98
III
K
n
"l
nn
in
18
38
34
n,
IS
1
H'
!i
14
30
H!
3
1.
II
97-!,
8.1
H3
97
0
41
95 li
83
99
11 it n
J1000 Adams Hipress 4s, 110
21ISHI Anglo. French 5a.. 1mi,
1000 Am For See Ss . US"-,
IJOrtil Amer Tel Ss .... !r."a
llMIn Atehlson cen 4s... Nt",
Hum Halt X. Ohio 3vS S7
Sillsl do Si SO'l
moo n Hap Tr 5s 1018. HI',
Toimi Hordo 'Is siHj
niHHI Can Govt 5s IflSt . . 112
2ISHI Cent Hit N JSs .103
toon chill copper 7a... inn
5IINi l.'hes A O conv .'-I. 81',
4IHIO Chi k Alton S'as. 37
4ixm Old tit West la. . S3
(isniKi i:m h A O Joint Is P.";
1O0O C Jl & rt l rd 4's I17'j
loon do conv 5s., . 78
HiOil ilu cm Cis... 821.
. , C.iKili Chi It I A I' rfd 4a f.T.
" I loom) ritj- of Parts Ha.. 87
tono Detroit Cntd I'.s. i.'j
2000 Trench Hep .V-is.. nil'1,
.1000 III Central rfd Is. II
10U0 tnterh Met 4his.. 53',
lmiOll luterti II T ref Ss. Ml
. 1000 I C I't S' A M 4s. 112
" pmn Kan Cltj- So Ss .. 7S
, lOOl) Hack Steel Ss I1I2J OS'j
i' . 2IM10 l.k Sh deb tl Pi:it 81
,', I.1I0O0 l.lhertv llond 314s. 05.4
iiioini no is , . vn
12000 do 1st 4s
1IHHI T..OI1S I.,
"s moo .Mo Pap VV'I. 5s '23 HO",
I Main do cm 1" . ... 57".
moo Mon Power Ss. .. SIC.
a, lnuflo New Orl T A .M 5s 47-,
i. 12ISH) N V C A If l,s ... 03'j
:toon y i'iu- 4', a 'i,l litis
.. SOOO do 4'is Nov '57 H8'
" , SOilO N V W C A 11 41. a 4ll
sinin Nor Pae prior Is., so
SHOO Oro Short I. Is... so
noun Penna uen ct 4lisiSs",
SOiio Wo Or A VV 1st Is AS
.1000 Sinclair var 7s., fts;
2O0O St I. I M A So la. 73' j
4imn Ht t, A rt p ujt... miv-j
,1'ilKtll I,i In 4'1'a
IIJMIHI St Ii A- S 1' ser A .,.-
SOtsI rtt I. A M P Ser 11. 7iP.
21)00 St lilil Stwi Ss.. SI
loon H A A A P 1st 4s. S'llj
17o0rt Sea A 1. ndj Ss... 30'ij
lOOn South Hell Ss. .. IH,
SoOO South Pae cv 4s.. 77'
K.IHHI South llwy
I'.MSIII I
2IMIII I
1 10DO If S Steel a f Ss.. IIS
Low
un
no',
t'SJ,
Ill's
81'.
S7
SO".
Oil.
SC.'j
92
103
I fl.l
81
37
54';
HJ
07Ji
78",
SJ.
1,31,
SV.
t,"l
tm",
U
So',
112
H'i
New York, March 16.
Althouch trading In cotoon remained
iii', ' small today, the market held well. Tho
''l"i statt was steady at an advanco of 2
a-ii, ! to 12 points with room traders and one
82 or two commission houses buyers, while
nno nromlnent local operator was the
principle seller, offering all months.
Later, there was a slight reaction
prompted by a private, report that the
drought had been broken In the Corpus
Chrieti section of Texas, but the list
again turned upward on renewed cov
ering by near months: short and light
huvlng by trade Interests of the latter
deliveries.
Old crop position further Increased
their premiums over October and De
cember. .Spot advices generally were bullish,
particularly from eastern belt points.
Lost prices showed a net gain of 2 to
17 points.
The receipts at the ports for the day
arc estimated at 13,000 bales, compared
with 12,380 bales a week ago and 9826
bales a year ago.
OATS SUFFER LOSS
ON HEAVY SELLING
II
I
Close
no
no',
niS
112
SI',
S7
so',
HI',
Hll'j
02
10.1
inn
si
37
CJU,
7L,
78',
S3".
Ill',
S7
hi
III.",
15
mj;
Ml
US'.
S3
8
'!i I
'"i
38",
58
07.40 05.(1
o.v.im ov.98
!X1,1 90.10 90.10
SI,V, Sill- HIP
tl'h! " l.."ft"I'
57',
sot;
47',
OS,
!''
nn',
40
Ml
SO
SS'i
Teaterdaj's
close
March . ,
May . .
July
Oclobei
December
Spot
Si
31. SI
31.32
sn 31
30 10
Qnen
a i.oii
31 .18
30 88
30 IS
Ill-h Lore Clos.
32.70 32.7S 32.58
31. OS 3t.8H 31.07
31.40 31.3(1 til. 4.1
30.4 4 .10.38 .10.38
S0.1S 30.13 sn.is
33.05
05.;
4211
south Ksy sen 4 s (.01;
1' S Ilubb-r Ss... 77'i
C S H A 11 .. . Ji!'
If S Sleel . f 54. . US
U.'iKHI U K of (1 11 I Ss US',
lnnn do Sis 10t"... HilVi
lWsl do .Via new 1910 (Hi.
3'inOil do Stoa 1921.... 0.1',
tiOOil V. Uwj n Ss . . 90
.1000 Wlsion Cent sen la 72
lis',
73'i
lii.'I
4S4,
37',
5i)'I
51
smi
r.iiv,
L'l's
sn'i
tn',',
97".
OS",
Inl'-i
US',
or.'i
on'.
37'.
S!l,
47;.
931,
tin',
I'll",
4S
sil
HO
S'J'a
!"s4
7.1',
la!',
4S',
r.7,
70',
SI
.-.!'
SO',
111',
snij
t'n'i',
HH
ns';
ts'
!I3',
HI)
72
Cotton Statistics
New Vork. March HI Tho statistical po
altlon of cotton hl, MJ-'wkiJi,tr
T"-'uappl5-,l!1W 4.Q75.5S- 4.070.003 3.003.771
0fer,ehn' Am" S.SS7.S58 3.489.093 3.727,771
''"Mini. IS"! 9 201.421 0.000.372 10.432.132
Cotton Buyers and Sellers
Ve York. March 16 March Geer.
Russell and Mitchell bid; Hubbard and
Cone offered. , ,-, , ...
May Cone. Newman and lllcks bid:
SVhlev, Hubbard. Gumoens, Martin and
Hountrc offered.
Julv Uusi-ell. Harlcom. Gumoens and
Slgel'lild: Sehley and Biooks offered.
October llussell, fleer and Mitchell
bid: Montgomery. Schley and Wierd:
off( red
Profit-Taking and Buying by
Commission Houses Cause
Rally From' Bottom
GRAIN IlIXT WI".TIir.n IOltKC.181
thlfa-o, March 16. Illinois an Mis
souri Fair and warmer tonllht and
Snnd.iM .Mondar fair, wllli moderala tern,
pereture. , .
Wisconsin Tatr and warmer tonlihti
.Suiidio fair, surmpr east and aonth.
Mlnne.ola l'alr lonlsht, warmer ea.t
nnd eoutlil Snndiir nnd Mondii fair, Willi
moderate temperature.
louu Pair nnd warmer tonl-htt sun
day fair. . ... ......
North Dakota lair tonliht, bandar
and Monday. ,.,.. ,
South Dakota ralr tonllht, warmer la
aat. ... .. , .
rseorasKa nno i.snsas i air ! -ir
warmer tnnlchtt Sunday nnd Mondar lair,
with mmlerate lemperalure, 9.
Montiiim nnd Wjomlni I elr tonight S
and feundu. .
Chicago, March II. '
General selling o' oats was resumed ff
this morning and the market suffered V
further losses, although there wis W
pront-taklng by shorts and also soms $
buying by commission houses, which it".
rallied prices from the bottom. ' Trade "
was active und mixed.
March opened at 88", to'88ie,
against 89ijc at the end yesterday, "J
May started at 85 to 8o',ic, agalrat .-.
86e at tho close jestcrday. and later (
moved up to S5"ic ' J
The receipts here today were 131 eir.
Tho undertone at Liverpool was easier jL
Corn weakened Immediately after, ,jj
starting steady to a shade lower.. Buy- O
lug by commission houses on the decllna Si
was fairly brisk. Jl
March opened unchanged at J'."",, rf
May started at $1.26iS 1.2". agilnat wj
$1.25, at the end yesterday, and liter t
sold at $1.23',. "y
The receipts here today were J35
cars. Tho tone at Liverpool wasieasler. fi
Tho recclpta of wheat at Minneapolis ,tf.
and Uuluth today were 101 cars, aratnit "'
109 cars last year; at Winnipeg 22 cars, v
compared with 378 cars; at Chicago II jj
cars, against 30 cars. 4
Leading futures ranzed as follows
Low
Orn Hlsh
Corn new deiherv)--
Teit'y'i
Close clo
MaVch" .Tl.27; 1.27". 1.20's l.Sfi l-SH.
.Vlny ... 1.20 1.20 1.20!a l.S3H,l.:.'i
J-'.?'
S21i
88'1
S3'.
Oats-
March . .
May . .
i.ara
March
May . . .23.03
Julv . .20 12
Itlbs
March
May . ..04,77
July ...25,12
Pork
Ma? ...48.13
Hid tAsked.
8S";
S3".
83
Sl'i
',
86'i
24 77
20.12
. 23.32 25 !
23.(12 23.03 2" 3
23.77 23.77 126.1!
. . 24.01 24 37
24 IS 24.41 154.77
21 83 124.83 123.17
48.37 47 03 17 03 118.21
NEW YORK BANK STATESIENT A
Total sales. $1,093,000, lomnarril with
3,i!l.000 -estrrdavi this week, SI7,3l8,OuV
last week, f 1.330,C0.
rsV.sS.Tbero Is no change In pig Iron so far i Vnliip nf Railroad LaW
J',. the market Itself is concerned. Some1 V alUe ' nauruuu "v
I tl..im,n Corn.
Havana Klcc. lm
I "im-ste'' . '"
Illinois Central. J,
lint Aerl ..... 12'a
;int Aarl pf. ... 43W
1 lnt 1'srv N 1 1V0'
l fnt VleUe' rf..lo
lnt Cons Corp. 42'i
lnt Cons Cor. 1'
Inter Con en pf 'l
towa Central. . 2"
'wel T-a .. ."-'.
Kan City So in'.
t-ellv.Snrlns- 48
l-eok A D .VI 4IV
l.arlede fln Sn
1'nlfeit Drii i.OS.
fntrl Dra- lt pf ami
I'n'd T)r- 2d n "0
Cnlle.l Pap P.d l.".'i
I'nlted Ttv Inv Sc.
Pntd ri" In'' Pf is..
1'n'ted Priilt.. 127
' S R"' I.H'-f mo',
V S Steel pf. .110
' -1 C 1 P ft 1. IS
t s r. i r pf.. 4i
t S Tnd Alco nf ns';
' S Pealtv Imn l.'.'l
C S neatly Im
1st nref . ... .",n
' S Huh lat pf inm;
BIG SURPLUS OF WHEAT
Virf-'the inquiries which were reported a
nsfeeK ago nave oeen taken, but many
Milen are still holding back as to nc
oafeting future contracts, because of the
ttofss that a lilgher flaed price might
,; -tamed at the end of the month.
"" Irori ore producers are said to be i
iMUikius to get a higher price from the
nment. It Is claimed that the iron
Lcompanles have compiled data which
be rather convincing In Its effect
Had the railroad hill not been approved It is not difficult to appie-
ciato some measure of the natlon-vvlde liquidation which must have taken
place with dividends and Interest payments so clearly In danger. Savings
banks and fiduciary Institutions, in general would have had active Induce
ment to dispose of the many millions of dollars' worth of railroad securi
ties which constitute duch an important part of their assets.
This danger, happily, has passed, for not only are revenues to be
guaranteed, but as war measures the Government undertakes to provide
. vki! mi. a nf Interest such capital as Is necessary for extensions,
the' action of Federal authorities I improvements, rolling stock and general equipment. Thus it appears
. rvt-ira 10 ,uiurc prices.
ria Iron, which la needed for steel
:, migm do said to be rather
and during the last week re-
b'have been heard of the possibility
ne producers cnanging tne furnaces
i the output of foundry iron to basic
gvould create a shortage of foundry
'which might "unfavorably affect
nera.
'.
uls : Nsli..l14 rfRh p,0 ,,0 jjtj
inhat HI 01, i-a.c1r n, nf lftl'l
iy Pert S Pf 102', (-. v,. t Coke (1
ly Dipt Strs. SO Wahash n,
" V.'" IV r. .w Wabaah pf 11.. 2.1
(X Mo 2d pf '." Warren H It . 1-,l"
, Tie! nf . UI I,'--. 1 n - -n -
JWVIDENDS DECLARED'
Tub ComDany. remt.e nnitr.
t.1 per ent on prtferred. payable
to stock of record March 20. Ilooka
.n.h'Sl .nil rflAn n-ll ,
B Tire and Rubber Company, reg
artarlr of 2 per cant with n aaai.
T-t of 1. per cent on prcfarrad. and
aueriy oi ii per cent on common.
Anni 'io aioca os record
"A. Jonaa. rearutar nuarleelv r nn
letanmon and 14t per cent on pre.
nn. paraore April J to atock of
sua. 20.
rwntdry Company, regular quar,
fair to assume that when finally tho transportation systems are In fact
returned to their owners they win unanciauy unu puy-icuuy uo in u inucn
better position than wflten the Government took them over.
Changes That Will Benefit
Many changes of a beneficial character will he possible in the mean
time Freight rates, for instance, may be advanced upon urbltrary action
by the Government to meet the increasing expenditures. This would not
have been possible under civilian control, since action of this nature
would surely have fceen contested by Influential users vof transportation.
Again unnecessary and high-salaried positions .will be formally abolished
and various other expenditures which have crept In us an unproductive
part of the general railroad business will be eliminated.
Thus is there reason to believe that, when the properties finally go
back to the control of their owners they will have been shorn of numerous
barnacles and their owners to this extent will be the gainers.
I.e. Hub A Tire,!"", (' SI S-' A II nf -'
f.orlllard ... "J. I'tah Cop . . . 70',
. nur. r; -.,....- rT,n f.0 'Or' lil'i
l 3!Bmii.l lit ... , ." a
I May
i May
Mas
St.
Mex ret pr . in vva-ren H R pf n
Miami Cop. . 30', i, t-ars-o .. n
Mich Central., ,1IH Tut TMeilV .. -it
'ln St L new in n-e.i s,i o,j ., ., "
'Mo Pao ... . SI', Weet Jraoland. inu
Morris t- Haaex El "-e,ts. ir nf. m.,
(M I" T--'i" " Weatahse Jlfg . 41s,
fM K AT pref . 8 tvheel fc 1, -.j.. ,,
! Max Motor ... 2811 Wheel A- I. 3 if n
I M St P A H b M HO White Motors'. 43
Mont Power .. 071, Wilson Co .... 8414
(Nat Acme .... 29 rpi,o-i Co pref. tin
Nat niscult .. 117;; Wis Cent ..... 3Si,
1 Vat BIeU( pf.l'n'4 Wnnlwnrth .. .112
Nat C- A O. . ir,i-i Wlllya-Overld nf 8f'l
Nat Clk L Suit Ml Worth P A M. 41
.. .. " " " ' '"'.a 11 orincn 1- a. 1
After All Requirements There Re
main 79,000,000 Bushels for Expoit
Chicago. March 16. After allowing
440,000,000 bushels for consumption, 90.
000.000 bushels for seed and 90,000,000
bushels expoited to March 1, H. Frank
. toward estimated that there remain
79.000,000 bushebtof wheat available for
expoit in tlie United States to July 1 and
foi carry-over Into the new ciop.
Flour stocks In the Unlte.1 States and
Canada on Maich 1 vine 981,000 bar-u-ls,
ur 178,000 barrels less than on Feb
luary 1 and compared with 2,418.000
narms last vear.
NEW YORK COFFEE MARKET
New York, Match 10 There were
no sales on tho call In the coffee mar
ket this morning and first bids wero un
changed to 1 point higher.
Ilarrlii S. Morris, with oftlces In the
n . -,. -., t- 1 mven ,.,-,.. . c.r. I Produce exchange, has applied for mem
BANK CLEARINGS INCREASED ' bershlp In the New York Coffee and
r. ' Sugar Lxchanges.
Business 7.1 Per Cent Above Corre
sponding Week Last Year tyh
" July
Total bank tlearlng.st in the ptlnclpali .urust
cities of the country for ll'.o week ended n'to"".1'"
today weie ',810,892,871. against ' Decemli'r
86.007.482,175 last week and SB. 125.33 1,-' January .
121 this week last year. Philadelphia '
clearings wero "280,231,363, a gain of
i) per cent compaitd vvllli corresponding
week last year
Details follow
December Slgel hid : Mitchell offered. Decrease in Averno-o and Actual
Jamiary-Sleel bid; Schley offete.1. . , ,. twcm
I HUUIIQ rvvuict4c I.MCI u I".-.-
Test.
Open llisll Lo'V Clo.s cto-e
( 15 8 43 8.4n
l.-.l . . R 34 8 31
S.S7 8 57 8 57 H SO S.Srt
8 llil . . 8.02 8.50
Sill .. S.dt S 02
H.l',4 S.0S 8 R4
8.0(1 s 00 8 O'l 8 C.'i 8.(17
S 73 8 71 S 70
New Y'k .
Chicago .
Phlla. .
Hostuli.
Pml-in ul,i..llu eina.illii oI,.i'a.1 n-n. i .r. ' . '
..........( n.w... Mb.i.n.., n.i.i,.... .v...- i pn. I.OUIM
ciderablo i eduction during I'ebruaty, s. Fr'clsco
I'lttiburgh
PLAN EQUIPJIENT PURCHASES j luminora
.. Orleans
Canada
1918
,S41,4llH.hS4 :
143.S8S.222
2SII.231. Sil.l
211.37il.307
1 8,, I Ml, 2511
13il.24ll.182
8.1.082,3(13
St.278,717
4u.oon.u7i)
30, 802, SIU
S3.072.S8S
7U.874.B72 --19.-.
(U.028.9U2 17.2
u.Hiu.s.'a lo.a
Federal Reserve Bank Statement
The condition of the Federnl llescrve
Bank nf Philadelphia for the week ended
yesterday compares with the previous
week as follows:
RHSOuncns
1917 P.C.
030,323. 14 3.U i
41(1,(138.4011 4- S.H r
"oi. inn. nil. u u
lH3.uso.Kul 1(1 0 , March 15 March 8
10S.41ll.7H3 70.8 Oo'd (Oln nnd (er.
113.713.483. -19.8 tintatea In vault 111,281.170 J10.700.347
rt n 1 A settlement
fund l.slance 47.702.00il 47,011,000
aoid with loreisn
agencies . .... 3.075.0011 3,075 000
3.1.723.753 18.2
32.tl74.0tl2 6.4
Nat l'n-m 8 pf V91j pref II
LOCAL MINING STOCKS
TONOPAH STOCKS
Ilm Hutler .
03
Neeotiatinte for Lairter ' 1:1 v
Number of Cars and Engines ' days '..."i,o-o,4io,077 3.t)38.i03.i70 3.4
i other clUea,
Ottawa. Can.. March 16. The Cana-' 3 "" T50.483.3I8 ei0.198.780-r2').:i
dlan Onvei nment Is planning to pu- Total all
chase 7500 box can and 180 engines, i ius, s
Tenders have already been received by da .. M.S10.S04. 023 It. 378, 302.230 5.T
tho Government, but the prices tfeked i "
bv manufnctrrera are much hle-hep llinn Total all
last veal, anil the. mlnlSter. hefore. nn. " .-.or.
canting ' the tenders, has sent railway '
officials to the various Industries to go '
held
TTftl tr ii hi
by hank 102,748,170 101.280,347
, Gold with Federal
1 Reserve amM... 70.580.0S0 74.387.003
I n a l a redemotlon
fund 2.000.000 2,000,000
Pr.l.1 oel.l re.
serve ..j 1141,328.230 $137,773,032
LeAsl-tender noiea, ...... .......
liver, etc 700,402 1,114,68-
Ihow'k. 13,810.602,871 13,425,834.121 -T.1
MarNamara.
V ..
Hid
.112
.12
-.07
.(HI
.13
(14
BrllUh ImportB Increase
Mf nt bn nrat prafared and 14. .
TCU7t.V ',--, , report j-sucd
us I'aisincer Railway Com
tion oi.ioe uauai rental aa a
i per share, payable April 1 aa
arch,", uooka cloaa March IS.
Brotneri. regular quaxtarly
"Si.. I. .
i eervice company.
' Wlfm. jmr.
t Extra by E. W. Bliss Company
,, ,K tceordlng to a I - vorn, -narmi is. The l;. w.
London, March "AC.,," " Bllaa Company declared, the regular
nnri i.aued today by the British Board I auarterly dividend of l"i ner cent ami
of Trade tho Imports of the United an extra dividend of 1 per cent on
or Jraoe, iio ,., Its common stock, also the regular miar.
eiluway ......
Mlxpah Uxtenslon
Montana ,.
Northern Star .
Keacua i;uia .....no
Weat Rnd 78
OOLDFIELD STOCKS
Atlanta ...- tl
niue Dull .. , , 2
Hooth ,04
Dlamondneld II II .m
Daisy i ... .. ,01
1 Ken-anas ....on
1 Oro ;- .01
MISCHLL.VNEOU8
Arizona ITnlteJ ,, ... .....i., .ft
Nevada Wonder ' 1 .25
Tecepu. Mlnlns ... ...v 10
Into tne. details of the 'cost. Thev will
ascertain whether theso who havn ten.
.11 dercd nre lusttfled In their nrlces. nnd
JJ , a'subcommltteo of the cabinet will then
nj consider the prices.
',... I Included In the ordef will be a large
nn i number of coal cars, in order to prov ids
for larger Canadian movement east and
west.
A si.
Jo
MONEY-LENDING RATES
rillliADKLPIIIA Call. 6 per cent;
time 1'UtC ner cent. Commercial na-
per, three to four months, 566 per cent; '
six inouilia, u ,.cc ucul.
Total reserve 1142.091.052 1138,888.037
,,mVm'ber."7".n.l:d 121,200,837 I2?.240,470
market ItM'l.SSa 17.474, C80
on
BANK CLEARINGS
12
.0.1
03
.-"I
,01
' Rank clearlnga today compared with cor
reapondln, Ua-Mast two year.,
I New Y'k. 580,2118.883 482,589,027 S3S.160.808
, Phlla. ... ,52.734, 8dil t34,SU2,8l4 l.lll.o.Vll.lii.l
lloaton ,. 4I.S22.704 37.101.883 39,030,730
Kingdom in February Increased SI.105,.
oVf pounds fand exports Increase., 1..
Ill 514 pourtds as compared with the
same momn si it
The followlnr show the trade of the
Unite Kingdom last month compared
wlththe month last year;
if
Its common stock, also the regular quar
teriy aiviuenu ui . per cent on us pre
ferred stock, all payable April 1, Books
close March 25 and reopen April 1, The
extra dividend on the common Is un
changed. 'i a
Receiver for Eletr.e Steel ,C,'
rF-. Mat-M"i'sA n-
Increase in British Currency
London, March 16, The Bank of
Hngland reports the amount of currency
notes outstanding as (200,176,718,
against 198,179,523 In the previous
week. The amount of (fold held for the
redemption of such notes remains un
changed. il
'
RAILROAD EARNINGS
ATCl'lSON
1018 Inere,
... ..J... ..A cai irfis ...in -n. I
oi Net i,Mi.os i,h.8.v7 FOREIGN EXCHANGE
Net operat. Income.. 1.97.843 1.038.813 . ...... M,r,, ,. .. .
WESTERN MARYLAND i "'" ."', " .' " 7", , , ,
January sro.i. ,..,,. 1918.821 11C3.1II. strong ai ,.. h..... ,u,, niuc-.i
was inv oi"' mature u, uiiiiurcunce in
the exchange market. Lire and pesetas
.20
1 "
.18
NEW TOIIK CENTRAL
January sros. ??!?? &?J3-?'l ! wre virtually unchanged from last
..".' ..:.......".. "" I nl
Net operat. Income
LOUISVILLE AND NASHVILLE
ln8rr.on
i.nt.is
January gro fsi?.V'&lQ
v( 623.38.1
Nat operating income 821,873 M. 277,207
COLORADO AND SOUTHERN
teirit week March... 8291. T63 10.111
Prom January 1.... S.M7.816 134.034
MINNBAWU8. T. JPeJJJi , AND .fAlhT
lla-ht'a doting level. There was no mar.
ktt In rubles.
quotations were:
Demand setting 4.75. cables 4.78 7.18.
'Sixty-day bills were Quoted ul 4.72 and
ntnety-oay duis L'ft. ,
Ur csikr,ao, C4tblesjl..a.. '"
LS
Total bllla
) and
U. S. Government
Isng.terni securl
ties
C S. Government
eSnrt-term securl.
Ilea
113.462.303 189,724,100
5.362,900
5,011,000
3.744.000
6.1C2.000
Total U.
enrltiea
B.
811.S93.900
lll.onn.nnn
in, ooo
153,030,203 131,010.100
Municipal warranta
Total earning aa-
sets
Dus from other
Kedral Reaerva
banka (net)......
I'ncell-cted Heme.,
Deductions from
i-ros-. deposits., i
All other reaourcea
Total reaourcea, v83 11.672,032 1231.131,481
LIABILITIES
Capital P-.I4 In.... 16,60.1,900 10 841.430
uovarnmeni os- .,...
poalts 5,942,189
Dua to memera .
i.Psi nsT
S8.420.312
43.on.10'l
1.200,886
l.01."7n
36,380.209
S1.4"4,488
1.178.143
10.303.032
iiirvi arcounx
Collection ttema...
Totil.
8,X4
4t T.778.r.Of
008 , 3l,450,StO
New York. March 16. The New Torli
bank statement thld week shows de
crease In average and actual loan,
with Increase in average and decrease
In actual reserve. Demand deposits in
crease In both cases.
uetalls follow:
AVERAGE
14,318,811,000 M0.
Loans
Net damn ml
POllta t3.(172.HS7,OIHI
Net time deposits 2nu.2fl3.00ll
Circulation 34,842.000
cash In vaults... Jlol.U51.uoo
Reserve of mem
ber banks In He
serve batiks. . 513,005,000
Reserve In Stale
hanks and trust
companies .... 710,129,000
Reserve In State
Lanks and trait
depositories ...
As'-rea-ate r.servo
Reserve required.
ourpius
I n".-". il
a.u.vuv a
n.l
JS'oede included
Till
nlte.l Stal-w iLxmalta
SO.'.OUO.
ueircaae
7.0S2,0iW
Slil.HKI.don
480.070,8411
47.730.100
J75.S.17.OO0. , ,,,,. ,,
"'""" i;
i
53.881.00
7Si.04XI
40.00(1
l.OlO.OW
ie.3ss.ooo
513.000
. . a i Ann f
ja-ispiojijife
0,215,1
ACtUAIi fil
2-' ''5 JSS 1
Loans . .. . 4.26,42..M0 ,.! Ktf
Net demand dep.. 13.(104, 5411.0011 0J..f'5S
.ei lime aeposlta ui.iai.umr ..vi-'in.,
OJ.li.A.ien,
100,501,000
Circulation
Caeh In vaults..
Reserve of mem
ber banks In
reserve banks..
Reserve In Stale
biinks and trust
companies
Reserve In State
banka nnd trust
depoaltarlea ....
Avgreuata reserve
Reserve required.
i.vr,iK 1 v.
."-..... '.a
al.45t.UWjl
801,933,000
:io,673.ooo
.sn.i.ono
526,371.000
i-,2S3.0v? ;
llJOO'S
. ,nl rhalli
13.0"2,OJ3 f!
4KJ.I1-.S.00O 7.HI0.1"!,;
a4.Slli.81O.s-0.84-.4l9.
?!
1H..S. depoalta deducted. 244.J"1.00, m
-udcreaae, iAA
Specie, included. 173.438,000.
OUTSIDE RANK STATEMENT
HTATE HANKS
Loiins and Invest
inenta ,.,.....,
1141,197.100
10.717.900
23,808,400
a 41-(a AAA
a). I . I -,-"
CBl,r.08.f00
-m
I,07J.70 td
InereaM !
VU.aev
JII.IM l
1.1-t.fjaii
R8f00 4.K,'5o4Jl
1.614.100 . I.S102 Tj
t. 22.6; decreaae. J Jl
l.8"J
Oold
Currency, bank
notea
Pepoalta, Federal
Reaarvo Rank of
New York
Depoalta ........
Reserve. on deposit
Percnitage of reaerve
tier nnl.
TRUST COMPANIES
if.aianm anil t tit -'.
mont H,9a7,fi9n.500 M
uom e u,iui.uw-
ctV..r.ev..,;.a.?.v 15.0U900 s."j
eig,i. pcuriii ..a
itraerva nana 01 -(.niioovi
New York ...t. 20t,T4.1.SOO T.ji JiS-il
Deposits ... . , 2.10.1.228.500 '8 SJ JJJfl
lleaerr. on deposit StB.lS3.40il . """.il
Percentage of reaerve. JH.2I incrca.., s-r
STATE flANKB AND TRUST .'"'pJ?i?'j
NOT. nEPORTlNU TO tfcwuui"! .wv--
. .. -Al II
-'8o:iw-j
Loins end Invest
ments
Oold ..
Currency, bank
noiss
1742,874.800 I
JStOia.svy
12,088.800 1
r-'Jw,eiif':
.1
ttrSt iiB-lUtaa-a-a-a-a-a-UaL