1 A. 'v - 1'r--V5i - v" a- r i " -" l 4 ' V "JU.A EVENING PUBLIC LEDGER PHILADELPHIA, MONDAY, FE13KUARY 24, 191!) ,$ ,' 1: iVEWS OF Tiffi FINANCIAL WORLD CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS V -. fs f k i a LT ,s 't NW YORK STOCK MARKET MEETS LARGE VOLUME OF REALIZING Although Some Issues Score Wide Advances, Gains Are Mixed With Declines Many Think Upward Movement Has About Culminated 'T High Points in Today's Financial News Good advances were scored by some issues on New York Stock Exchange, but gains were mixed with declines and some traders thought upward movement had about run its course. Activity marked Curb trading, but price changes were uninteresting. Corn was nervous all day, but closed firm. Cotton declined. Spanish exchange was higher. The weekly statement of the Philadelphia Clearing House showed de creases in loans, deposits and reserves. United Gas Improvement earn ings statement for 1918 showed a big decrease as compared with pjrevious year. im New York, Feb. 24. The stock market seemed to meet rcall-Jnir In large volume In today's trading and, although prlco movements Included advances In many specialties ranging from 1 to more than 6 points and many of tho steel Industrials and railroads were In urgent demand, these advances wero mixed In with declines and recessions, giving the tono a confused appearance and making many think that the upward move mint, which has been in progress for three weeks and more, has about eliminated. .) Various groups of stocks were again taken In hand at intervals durlns the day, with prices of thoso Issues forced up sharply, but selling which cafaio on tho market at high levels was significant In character, being traced to some of the most Important Interests on tho Street. ,r, Tho rubber stocks started off with vigorous buying as soon as tho market opened, when Goodrich advanced BH to 71 and Kelly-Sprlngfleld roso 5?i to 106, both stocks selling at new high records. Mexican Petroleum made a gain of nearly 6 points to 1S4, but lost the greater part of this advance In a reaction In tho last half of tho day. Tobacco Products moved up IVi to 004 and American Sumatra made a gain of 6 points to 114. ,v Tho sugar stocks wero added to the list of.-strohg features, both American Sugar Refining and American Beet Sugar making substantial golns aoon after noon. ( Railroad Issues were then made tho prominent features, with con centrated buying putting up Southern Hallway more than 1 point. Bald win Locomotive during the day advanced 3 points to above 80 and"Cru clblo Steel ranged from 68? to 60. . " Marino preferred was one of tho weak features, selling down more than 2 points to below 101. '. United States Steel common advanced ?J( to SB, but more than lost this gain In tho later trading. ,' There was enormous trading today In liberty fourth 4Us, most of the Bales being mado at 94.24 to 94.30. Business was better In the gen eral list but without material change in prices. CORN CLOSES FIRM AFTER NERVOUS DAY Bi$ls Inclined to Sell After Start and Commission House Support Decreased CJMLV BEIT WTCATItKR FORECAST Chlcaro. Feb. 84. Mlnola Rain to- nicntt ti ram uesdar ruin or snow north find a Anthf MMee. Missouri Unsettled idii fonlfht itnd Tatt WlKontln rntettled with mow tonight id In emat find AAiith Tnmtdftlrf colder. Mlnneeota Unoettlod and colder tonlrhti rapt- dopi probably rain tnmini to snow coiner, ill. and In cant and eolith Tneedart colder. . cold watt eaeti Tuearfttr fair and colder f.ItiUIri tenlelit find with rain tornlnc ta mow eatti colder tonlfht with cold extreme wett and north cen tral, Tuesday falri colder et and oontb. North and Pouth Dakota" Hair tonn and. Tueadar; colder foment. vhraftkfi- Fair tAnlrht and Tneedart colder tonlaht with cold war touth and Kanaaa fntettled tonlrht and Toetdar. nrobablr enow weeti colder tonlsht with mid naTe north and wetti colder cant Toeadar. Montana Fair tonlrht and Tu-adajri colder Muthratt tonlibti narmrr Tuea- Mjomlnr Fair tonlrht and Tuftdar. except anow ooutb tonlrht. Ohleairn, Feb. 24. Extreme nervous neaji characterized tho trading In corn todiy and prices fluctuatea erratically, closing firmer. The start was strong on liberal buy-Ing-by commission houses Induced by heavy rains over tho belt since Friday and" a belief that tho passing of tho 92.26 wheat guarantee bill by the House would servo to Increase the con fidence of malie growers as to the futjrre value of the cereal. Bulls wero Inclined to sell after the start and commission house support de creased because of the failure of the market to respond moro readily to the purchasing, and the tone became softer. Plenty of resting orders to buy were encountered on all declines, however, ami-values responded well. The cash artlclo was heavy, although roads In the country were In, poor con dition which, with the tendency of farmers to hold, curtailed tho movement. OAts were slow and acted rather heavy, but the stability of corn caused enough covering by shorts to maintain values. Commission houses were mod erate buyers at tho outset, but soon turned to the selling tide. Advices Indi cated a clearing of the congestion In the East, but bld,s from there remained out of lino with this market nnd there was little prospect of an Improvement In tho movement to the East. Iypadlnr futurea ranee J ai folio wt: Corn (new delivery) Friday's . Open Illrh I-ow Cloia dote May .... 1.24 1.8514 1.2SK l.SJVa l.'JSft July "... 1.1011 l.MM l!l8tf 1.10& 1.1HS O&ta May,.... 89 S 60Ji 5JM 60H B9J4 OJ7 UOV1 UO'1 Jul f-i'd May ....25.80 May ....12.87 Jul? . ..21.85 May ....40.no JUHH....38.7B 07"t B8i 23.77 23.30 21.73 -'1.30 23.28 S2.H1 22.23 21. BO nld. tAaked. 42.00 40.90 3,00 88.70 25.72 23.33 24,23 t24.40 23.23 2S,03 22.23 2t,0 42.00 41.12 38.00 t38.0 NEV YORK COFFEE MARKET New York. Feb. 24, Business was too quiet to Indicate any material change of Ithe coffee market, but a moderate trado buying of December gave the mar ket, a steady undertone with that de livery ruling around 13. ID, or about 4 points net higher. Buying otherwise was probably checked by tho clearances reported from Brazil, which Included 267,000 bags for Neto Orleans and SU.OOO for New York. Offerings were light, however, and It did not require much support to Influence prices. COTTON OPENS STEADY, WITH LITTLE FEATURE New York Stocks Hlsta Law ciine j juai; .r'K.Ff's " 40 40 ---. ..u.irejv "u prer 23 60 22'. r.9'i AJax nubber... 76 74(1 Alaska, Old M. afj jS Allls-Chalmcrs 85U 34U .' S11 cnem.,103 1024 U. ri "l" I I ",5 Am Can jli Am Car if. m.. ni' Am Cotton nil it Am Drurslata. 121! nu Am ii A Lea.. kI 1 7 S " -orp on ni ico sec. do pref ... Am Linseed Ket chje i.8 -- ": 70 45 i 41, 43 : 62 Am locomotive tsii Am Mult ?i , do prcf 47 Am smelting.. ej; Am Smelt prcf.lOtT a-E S."1"?! 0 V iT". "y sj4 , ..... 4C, ra lei.iga E4i UK 61 i 49 63 i l.S 67 U 101. 23 60 75 .ITi t: it Hi r. 103 4. 14 Vi 1 45 ', Vi 9Mi .. 66 4-l 47' B7U ; New York Bonds :6000Am " '.. ,7'4 7.V. 11V, Sn-n 3Hh. 53'-, S3tf SJ'i x (h ,.iot ar loijj ioi. Rtt ,"i! 0?lT AI7 ttfif Am Tobacco ni wool 113), 82 1. iut"i lVb 1J it.' 2'i do nret Am Writ P nf 66 97 Am Zinc r. in Anaconda .... 60U Assp Drygoods. 221 Atchlaon ... AllOulf ftw'l SS Baldwin Loco..1 soi do pref 102 do pref 55 ij Darret Co jt ' nalopllaa Min I : Beth Steel B.. jaj do 8pc prcf. 109. Brkhn nap Tr 26 1! Booth Fish Co. 20'. Butte, &,S Cop. 18', Calumet & Ariz CDU Cat Petroleum. 28! do prof 73 Cat Packing Co 62 U Canadian Pac..t64 " i-'ontral Ueath. 63 it .19U 109U 199l 1!, l'i 06 '4Sa4 ,'i 1 u 37 114 59 20 V, 824 98 , 102 4SU 65 U 120 li - 62 63 109i 109t ' 2fi'i 66 97 38 12 59 ; 201, 4. i 92 J- ia 98'.2 14 80 4-3V 46 55 121 20S 591 27 62 u, 102 62 li, Liverpool and Wall Purchasers, While Southern Houses Lead the Selling do nref . Kid-. ,.' rvrro do Pasoo 32 3' Chandler M...126 v? Cl-M & Ohio.. 68 56' Chicago nr.. si, ? do pref .... 26 2S' Chi M & St P.. S7 3? do pref .... 69't 683 CnitP tc.. 25, 24 ii SSf1' po Pt-''s 79 Chile Copper ."18 171, Chlno Con Cop 341, 331 Cot Fl & Iron. 38 ! 37?; Col O & Klec. 43 43 Consol aas ... 96i ; Contl Can .... 70 68 1. Corn Products 48ni 47 do pref ...103i2 1031. Crucible Steel. 60, 58' Cuba Cano Sgr 23 , 22' do Pref 74i 73' Del & Hudson. 107 107 Den & n G pf. 7U 71 Dome Mines ..13 13 Dlfct Securities. 56i 55' Kr'o 171, 16? do lut prcf. 28 ij. 28 Fisher Body ..4 6 46 1 do pref 93 93 Oaston 'H'lniH.. 31 14 301 (len Cigar Co. 54 63' cn Klec Co.,166ai 153 Oen Motors .. 14 41J 141 do pref 85i S5 :o'4 13', 6914 7 , 73 ! o:t 106 I'j 32 126 67i '. 26 36'i 69 U 251, 66 it'' 'i 'i i 1 t5 t '4 -m ;u a. "ti $ hi i.Jf 43" 96 i 70 All lH I'Ji2 1 8 60 -'ti 73 107 1. . ' n H ?i 1 M. u 'l tl4 2Vt 1 86 68 92 ii COTTON BFXT AVKMIIKR CONDITIONS New Yerk, Feb. 24 The felleulnr M?tiSlUS!ZJZ? '' th7 mi Sn Deit title mernliif 1 .."IIJ?. ..8O1 Kneiillle. 35, r-i,,,. iK1,k,,!'ii4;..'ln.nl-,AUnl' Ml 1JIU S?Ik,'n1 Ml, 40i Oklahena City VL"m.' .' VlekaKsrs. 4Si Themaarllle. TiVl?' tl.i ,M,n AntWtilo anil rrnaj ji precipiraiien. Tanaa, SO. w York, ,5"eb. 24 The cotter, open, lng waa ateady, with little feature, showing 6 points decline to 12 points advance on first prices. Liverpool and Wall Street bought and southern houses led the selling. Event ually the offerings increased and prices dropped about 10 points under Friday's closo on (ictlvo positions. Tho early Irregularity was followed by a very weaj and unsettled market. Bulges on the firm cables and talk of delayed farm work did not seem to bring In buying of consequence, while tho South was a seller here, presumably In the way of hedging and when prices showed a. tendency to ease, offerings became general. " Uptown and Wall street Interests were particularly aggressive sellers, while the break uncovered ttock orders, which sent May contract off to 21.60 and tho gen eral list about 55 to 70 points net lower. Prlday'a Today'a 10.80 11:30 1:30 2:30 cloo open am am pm pm March ..23.10 28 0 1.1.19 ZS.IR 22.4 sj.ftil May 22.211 22.13 22..10 2t.ft.1 21.1:0 21.70 July ....21.43 21. SS 21.B7 21.20 20.00 21 02 Oct 20.IR 20.SO 20.88 20.00 20.00 10. S3 Dec 19.03 20.05 20,03 20.03 20.03 20.03 Financial Briefs 1 February . July; ..... H,p(mber February . Friday's Today's Jay' ell 14, SO 14.10 13.86 14,60 14.10 la. so 13.50 Decrease in Exports of Pork Chicago, Vet). 24. Exports of pork sine July 1 total 29,190 barrels, com pared with 29.78$ barrels the corre sponding period a year ago. Lard ex ports total 274.110.000 pounds, compared with 113,251.000 pounds a year ago, and bacon 100.933,000 pounds, compared with 32M"000pounds a year ago, BAR SILVER Commercial bar silver was quoted In Niw York today at 1 1.0 1 H an ounce, unchanged; In London at 47id, unchanged. ion OTHER FINANCIAL MmWh4 The New- York Stock Exchange has received the following applications to list: Lehigh Valley Railroad Company. J16.000.000 permanent 10-year 6 per cent collateral trust bonds, due September 1, 1928: Canada Copper Corporation, 12 500.000 first mortgage convertible 6 per cent sinking fund bonds, due January 1, 1928; Chicago and Northwestern Rail way Company, .general mortgage 5 per cent bonds (stamped as to nonpayment of federal Income tax), and Chicago, Rock Island and Pacific Railway Com pany, 129.422.100 7 per cent preferred atock cumulative up to 5 per cent from July 1, 1917, permanent, engraved. In terchangeable certificates; 125,108,100 G per oent stock, cumulative up to 6 per cent from July 1, 1917, permanent, en graved, Interchangeable certificates, and 175,000,000 common stock, permanent, engraved, Interchangeable certificates. The seat on the New York Cotton Ex change of tho estate of L. c. Lathrop has been sold to w. 8. Einstein for an other for 117,000. This ia the highest price that a seat on the exchange has brought this year, the last having sold for ilt.000. The New York Subtreasury gained Jl, 133,000 from the banks on Friday. 8. S. Kretge. & Co. has Issued Its an nual report for the year ended Decern-k- 31. and shows net earnings, after all charges and war 'taxes, of 11,700, 999, equivalent after deduction of pre ferred dividends to J15.40 a share earned on the 810.000,000 common stock, as compared with net earning of 11,860,- 958, or fti.au a anare, m jun In order to minimize money market congestion, It Is desired by federal re serve autnnrmes mat tax anticipation certificates be used so far as po1bla tn flrst oayments of federal taxes March 16, and furthermore be used directly without nrst turning them into casn. Liggett & Myers Tobacco Co. reported for year ended December 81, surplus after charges 18,164,007, equivalent, after preferred dividends, to S30.6O a share earned on Kl, 494, 400 common com pared with surplus of 17,163,720 or $38.66 a share In 1917, No mention' Is mads of Federal taxes. Net earnings of Belmont Surf Inlet for January were 816,236, as compared with 141,201 In December. The decrease In earnings was due to the Inability of the company to grade ore in January due to the previous labor shortage. Illinois pipe Line balance sheet as of December 31 shows total resources of 128,097,147 against ,21,479,041 In tho preceding year and profit and loss sur plus of $692,127 agalnat 137,633. One of the two large banks which on February 7 reduced Its call money rate from 6 to 6H per cent, today restored It to per cint. Similar action was taken last week by the other bank In question. Most other Institutions refrained from maklna- any deviation In the 6 per-Cent rate. ,fj. Unremarked todaytthaLa firmer mantel m new lorx naa Tcaunca in-a Mimouts; of. rates nere. 13 63 13 16', 28ia 46 93 i 31 52 i 1B54 lli 142U 11; 831- J. 1! 69 J-JR. 86 6S'i 93 Ti 40 42 4N "! 24 115 21 1 61, 1 t tlU 4 o, 80 35H 2Vi 42', SJi.k 57 2 Hi C4'i IV 6U i U e. . . 1 io prer Oireei.Oen Motors deb 06 urandby Min.. 68H 'Ot North nref. nan C!t Nor Ore pub 401i 39'i Oreene-Can a.. 42 42 inspiration Co. 4514 44" Interborough-C. 7i; 7' ao prer. 21 24 tnt II Cp (n) 113 its Int Mer Mar 25 21 Int Mer M pr 102i 1001, 100U 3 intern! Paper. 484 46, 47 fnt Paper nf at 69't 9. Ria: j. aT llll .IL'Kri. ... - , Jewel Tea .... 31 Ti Kan City So I9I3 Kan Cy Sou pf. 52 Kolly Spgflelrt.106 Kennccott Cop. 30! Kress R H.... 63 Vi Lack Steel .... 67 Laclede Oat' . . 80 Lch Valley .. 56 J Lee Hub & Tire 27 4 Loose-Wiles Bis 43 Max Motor .. 33 ti do 1st pref.. 58 do 2d pref.. 24 i May Dtp Sirs. 644 do pref, 107 Mex Petrol. ...184 Miami Con C. 22U MlcUale Steel.. 43 M & St L new 11 H Mo Kan & T.. 6it do pref .... ll'i Missouri Pao.. 26 4 do pref .... 54 ij Mont Pow pf. .IO6V4 Nat C & Cable 16 W Nat Enl & Stp 51 ai .Mil lyi-an S7 26W 26i H 31', 31 H 41v i 1 1 ti- bz 1CSH 106 63 i 67 80 2:30 209O Anglo-Vr, t. .' 9714 974 97 ?00 Am For Sec 5s 997 99J 991 JOOOBalt & O 4s.. 772 77 771? vvvv uu 1000 do 6000 Be 10000 Bordeau LOGO Can nr 11060 Chile Cpr 7s. .108 6000C & O CV 4V4s 78; 12000 C & O conv 6s 864 2000C & O 5s.... 98U 6000 Chi & Alt 31&B 364 11000 Chi fit W.ri 4 6 14000 Chi Nwn 6s 37100H lOOU 100H 62000Chl B & Q 4s 95t 95, 954 6OOOCI1I Ind & W 4s62t 62t 6!4 SOOOChl Mil & St P rfd 4jf .... 704 7011 TOU 3000 Chi Mil & St P cv 4i4fl 79t 794 1500 C of Paris 6.100 106 7000 Krla cv 4s SD 49. 49t! 2000 Erlo 4s ,.... 66, 6H ion; 781. 83, 3 6 , SIT, ion 78H 85; 98 364 21060 Kr Rep 6i-js..l06t 103 3A TI4 79 ?i 100 49U C6i, 105 A 0714 79v 45 43JI J8t 1000 Hock Val 4'4 79i, 79H 1000 Iowa Cent 4s. 46 45 33000 Interb M 4ijs. 13i 4S'i 8000 Inter M M 6s. SS 91 4J vvuv IV I- r I O K. M s 102'j 102t, 102'i 3000 Ijeh VI rets 68.1011. 101 J loi at 4000 Llg-A M T 6s. 92tJ 92 92 iHIUUUL,IO llond 3V4B 98.6 291000 68000 93000 19000 641000 do cv 4b.. do 1st 4s... do 4 ,; n , . , . do 1st 4US. . do 2d 414s.. 93.56 93.60 95.80 96,26 94. .14 94.30 98.42 98.62 93.20 93.42 93.20 93.60 95.60 95.64 95.20 95.26 14 22 91.28 t.22 94.24 CURB FAIRLY ACTIVE; PRICE CHANGES FEW f Philadelphia Stoclts Net ihge. General Asphalt Continues to Attract Most Attention War Stocks in Good Demand 60A1IIH Ins ml 6 Am U pf 65 30 Bald Loc. 79 405Elec Stor 60 14 ;vuen Asph 71 I.jf 19 i 66 79 60 70IJ 150 do pref,105i 106 1 4,k aup c 20' .73 Led Nav. 71 361 l,ch Vol.. 65'i "i i-enna 1111 4i 1003000 do .lib 4';s 60000 Lyons 6s 1011 101 10li 50000 Marseilles 6s..lOI4 101 . ioi" JonoMldvale 6s ... 86-", S, 86, iouuu.110 rac gen 4H n- '4 bl4 1000 New Or& T & M 1000 New Or Tex & Mex 5s .... 64 -1000 NY C & It SHs 7HS 31000 do 6s 99 5000 N V City 4'- 1963 101't 101V, 101U 1 1 "4 14', New Yerk, Feb. 24. Tho curb market was fairly active, but without Impor tant changes In prices of any of the leading Issues. General Asphalt continued to attract most attention, selling at 71 4 to 70 H. The preferred was traded In at 106Q 107, ltoyal Dutch, In which bulng was also on. . large scale, after selling at 8i4. declined to 86U. Sinclair CJulf was one of tho strong est of this group, being In good demand and advancing from 28 "I to 28 i. Houston Oil sold at 8414. There nas a little business In Island Oil at 7, and 7':, War stocks were In fairly good de mand with Wright-Martin reflecting ac cumulation by some banking Interests, and selling at 3'i and 34. ' Aetna Explosives was quiet selling nt xi and 7-i. Tho preferred sold at 63. American Road Machlno sold at 12 to 13. Kryrtono Tire, after opening ut 61 . declined to 60. Inti'r-Contlncntal Rubber rati red from 19 to 18i. 1m- "Jieral Tobacco sold at 15 "4 and 16. 1 PaSnlt M ma: tOPhlla Co. 36 ii 30 do cum pf 5 H05 PhllRlllco ?5ii 205 P II T t c 26 150 Reading., 8211 145 Ton Bel.. 31J 15 Ton Min. ,u 75 L'n Tract 38 '- 26 V C. I... 72 C2U V S Steel 95 0i 71 55ii 44H S4H 36t; 35U 26'fi 26, 82 2I3 71 9I, C!o6 194 65 79 60 U 71 10514 20 "i 71 65 i 44 8,, ','- S61 2 354 25it 26 fc2 1 3ii 1, 3 V, 'a 38 it', Clt-e Nt chtc. noxns UOOO El it l'eo ,, Tr " J0 70 70 1000 Leh Val Coal 6S.101"; 101 i 10l .. 2000 Lib Bonds . . 4th4its94.2 9t,24 01.21 - .24 500 do 3d .... 4ilK.... 95.64 95.64 95.61 J-.24 8000 Pa Co tern cts4i4s 95'i 2000 Phlla Elcc let 5s.. 94 47000 Un Itivy Inv 6s. CS, 95 : 93Tt 6$ 964 ii 91 .. 6SI4 -i 4 f.t 3 71 13 98 , 61 4 v 5414 7H4 98', Kmrrson Phonograph 2 14 310(19 N Y P.- 5.. 15 5000 N Y Tel gen IHs 90; 90. 15000 North Pac 4s. 84 S4 18000 do 3s 69i'69i-j 3000 Oro Ph L 4s.. 87 1 87 1000 do 6s 9SI4 981- 4000 Pa gen ct 4Hs 8Si 88 107000 do 6s, 68... fl5' 95t ' 2000 Reading 4s... 84 844 25000 Sth Pao cv 4s. 834 83 67000 do cv SS....1041; 1031 5000 do rfd- 4s... 814 81- 11000 South ltwy.. 'U 67 6000 South Rwv 5b. .95 95 5000 Texas Co 6r ..101 T4 11 Ti 101 "4 10000 Third A ndj 6s 32 32 32 2000 Unit I' L O 6,- 97 97 97 16000 17 S Rubber 6s S6; 86, 8fi; 16000 U K Rubber 7sl03i54 103t 1ft3, 1 Standard Motors 16000 U K till h f SslOOW 1001, IPC'i S(cel AlloyH . . iuouu union iv 5s.tua; ivn :, iuj', . sulunarlno 90', 84 69 S 87 98 '3 881, 95 i 84 4 834 1031 81 4 67 96 IXnt'STRI.VLS I'UILA. INACTIVE STOCKS !.. r"owl'iB aro quotations for Inactive (Mocks listed n the Philadelphia Stock , exchange and in which then wero no transactions today. Tho price given la (die Iai,t previous sale: Aetna l'xploalves . . Am Brit Mfg .... Am Marconi Am Writing Paper. Air Reduction Canadian Cur Co . Can Car & l'dy pf. Charcoal Iron . . .Chevrolet Motors . Cramp Curtls Aeroplane . larwen Tool Carbon Steel Hid Prl. clo-e Auk (snlei 4'i I'. 2 6 4 41 40 53 2$ as To 8& . Of, .168 . 75 . 11 . . 3 90 175 85 12 6 95 Ueneral Asphalt ... 60 1,5 "0 do preferred 104 106 Ilendco Mfg 17 25 Lake Torp Boat .... l"i 2V4 lehlgh Coal Sates... SO 85 Lima Loco 28 31 Maxim Munitions ... ',, "i N Y Shipbuilding.... 34 37 Nor Am Pap Pulp... 3"i 3T, Otis Elevator 62 65 Peerless Motor 19 20 Poolo i;ng 2" 10 SitIpps-Booth .... 15 30 11000 II K of O B & I 6i,j 1919.. 1001,4 100 42000 U K of CI B & I 61,4s 1921.. 98) 9S, 34000 U K of t! U . 6Hs 1937. 100", 100'i 16000 Vh 6b Brown Brothers . . ..71 72 11000 West Lice 5s. 9tU 91 V4 Hi S H"4 St .Tosenh Lead . 10014 (Todd Shipbuilding ...102 103 I Trlanglo l- inn 'i '- 9S, I'nltcd Profit Sharing 1 , IA C ! sltrunmlihi VL P- 31. 100, Pnliwl Motors 41 ll't World's Him ! a Wright-Martin Air . 3 3, 9414 LOCAL LOANS DECREASE Deposits and Rcnes Alo Lower Than Same Week Last Year 3', Hill 2, 111, 3N 62 67 28 Leh Val Tran 20 Lch V T pfd. 25 I. It Bros .... u Anirr (Ian Amor Smelt. , Amcr Stores. Am Mlllln . A O war . . . liurr & Sus pf 50 Norrlntown Cambria Iron. 404 North Penna uniiiria mi 1 iu Catawlsso 1st Pfd 40 Ceu Pas Hys.iUU Con Trac N J 01 Corn L'x N B.345 i. una c Sugar U Pcnn It it. i.rie .. Klr Akxo Frth S( Nt H.aio Hunt & B T. 10 ltunt& B T pf 19 Ins Co of N A 2814 Key Tet .... 11 Key Tel pf . . 60 10V4 Little BchUll. 48 714 Mlnchlll .... 51 '5 17 94 North Cen .. 73 ii Penn Nat Bk war 277 Penna Traf . 214 Phlla Kl w w. 2t, Phlla Trac... 69 ij Phlla: West. 6 P II T 26 . .16U JUvjb Gen .. 2 sn un COS M J. 19 Un Pa-s Rjs.150 Wclsbach ... 4114 w Jerfts . York Rwy York Ry pr, bu 47$ .. 31 HTANIIAItD OIL Illinois uhlo Pralrlo Pipe ... S ) California . S O New Jersey. S O New York . ..168 ..322 . .267 22 .".'685 ..32K 170 690 331 3000 CARS FOR P. R.R. j Work to RcKiimc on Big Order I Placed IJcforc Armistice Ofllclals of tlio Cambria Steel Com pany announced In Pittsburgh this afternoon that lntruetlnns have been received from the Pennsylvania Railroad Company to resume work on an order fur 3000 steel cars placed beforo the signing of the armistice. The cost will he about $3,000,000. LOCAL MINING STOCKS TONOr.MI STOCKS BIG DROP IN U. G. I. EARNINGS SHOWN BY REPORT FOR LAST YEAR Returns From Regular Sources Decrease $1,877,259, but Profit on Security Sales Helps Net. Local Trading Is Slow The annual report of tho United Gas Improvement Company for th fiscal year ended December 31. 1918, which came out today, shows a large falling off In earnings from regular sources, ai compared with tho year 1917. However, thero was a ble Increase In profits on tho sale of securities, which made up for a largo part of tho loss. Earnings for tho year were J5.777.C3T. a decrease of 91.St7.239, com pared with the provlous year, whllo profit on securities i-old was $2,089,500 as against $508,638 In 1917, a gain of J1.5S0.8C1. This resulted In net profits for tho year being J6,09G,09. against $6,915,505 In 1917, notwithstanding th severe drop in earnings from regular sources. After the payment of dividends thcro as appropriated to undivided profits account 214,i:3, ns compared with 91,332.730 for tho previous jcar. The smaller earnings are In part a reflection of the drop In business owing to tho fuel-saving efforts of last winter, due to the war, and tho In creased rate of twcnty-llvo cents received by the city, which caused tho municipality's proportion of the gas income to be $600,000 greater than th previous year. Stock trndlng as limited throughout today' session on the Philadelphia exchango and little of Interest dc eloped during tho Mis-Ion. Price changes were generally small, but. In line with the trend on tho big board, wero Inclined upward. Lake Superior Corporation was fairly ucllvc nnd sold unchanged nftcr, being up a fraction. Thcro was nl.-o renewed iiclllty In Hlcctrlc Storage Battery, and It was firm, while on a moderate turn-over Philadelphia Klpctrlo remained steady. General Asphalt common was dealt In on n. small scale, but gained as much ns "4 to 71, while the preferred moved up a trifle. Tho nldcst change was scored by Philadelphia Company, which advanced 2 points on an odd-lot transaction. Rapid Transit certificates Iclded a trifle after opening unchanged. Union Traction held sternly. Lehigh Navigation gained li nnd United Gas lmprocmcnt Miowcd Mrtually no reflection of tho decreaso In earnings reported for 191S. the price being unchanged on trifling rales, following a drop of ', early in tho daj . Steel common was slightly higher, but showed only modcrnte momen tum. Pennsylvania Railroad lost u fraction and was fairly active. I.chlgh Valley recovered an early loss and Reading scored n slight upturn. Tho feature of business In tho bond division was tho activity and strength of United Railway Investment Cs, Sales totaled around $50,000, with $30,000 coming out tho first hour, nnd the prlco moed up ns high ns CO!, from, which thcro was a slight reaction. i 690 331 Tho average condition of members or tlie Philadelphia Clearing House As sociation for tlie eei. Is h'hown In the weekly comparisons, as follows: AM. JIKMIlETtS , Keh. -Jt.'in I'-iano $7"S, 773,000 lxclnnrifl Cltrlnir 'l.tMil.lHin lofl.ir.n.iioo IM,k-.-.,lwll IN.V74S.IIOO 5.327.000 im:rr.vi)i:xT on. stock earing uoue As-.nnrn,, nii t (-, Is preceding todav narn'tt oil S. t.as. y statement, with ?'& ; ; ' ; ; I &S5,KM1 t Hot!? lu frrtiu bankn. . . i Rank de pot I U . . . . Iri'ltvlduul 1fYilt8. Time deposits . . . He, with T. H. U and Ick dcis 1, CHSh In aultn .. , TntM rcrf held. ( neire riutr-d,- Kxccsa rrc 26 37 64 107 24 V M,im 1,0711,0110 111,000 ins.oim 3I7.U0U 18015 ISO-: 2i Mi 42i 1U4 51 9. 2V 42 11 6i ll'i 25 25 'i S3'i 54i lOCtJ 100'i 16', ISVi i 2 4 Vi. 4.,ir,(i.ooo ni.so.vono CM.I4.OOI 51.114 7, OOO 3.7S7.O00 .MBMnEns ItEHGRVK SVSTEM Itenene hrlrt 32,Sflll.0O0 'SOLOno Eice-a rc-ere . .. S.142.HOO 3S,noo TRUST COMPVNIl'.a NOT MEMHUna HE- aUnVB MVrlTKM Uesene held 3.0rt",00 230.000 Eicces retcne ... OI.ViMHI .11.1. 000 In adllllon to the deposit abova there were thin wi-k )29,no7,OIH) government Oe poltB, asalnst which no reeene Is required. Uecrente. Kederal Oil.. Inter Petrol Houston Oil Merrill Oil sna.ono Midwest tlefinlng. 33l!oiMet Petrol 3.H.111.1MX1 1 Ohio Kuel "ISJ-SS I Sapulpa Kef .... 13..000 Sequoyah Sinclair Island Glenrock 51 i 66 T4 108 V, 50 "4 66 i do nref 101 '-t 108 '4 Nat nil Mex2dpf 10'4 9- 10 Nev Con Cop.. 16'.4 16U 1CH ,i, New OT&Mev. 36 35 35 1 J Y Air Brake. 106 105 106 li Ncv York Cent 76 74 71 'i 'i XI N II & II. 29H 28i 284 -H' .V Y Ont & IV. 20W i 2014 'i Norf & West.. 107V? 107 . 10714 '4 Northern Pae.. 93 92J S3 IV, Oaklah P & n 9 STi 8T .. Ohio Gs 37,4 37H 371i Vi Ohio Gas rts. .3 3 3 Paclflo Mall.'.. 324 31 31i K Paclrto T & T. 24 21-i 24 S Pan-Am Pet.... 82H 80i 80H 4 do prcf 14214 14114 14214 2V- Pcnn B n 44',4 4414 44 Peo Gas & C. . BO. 141 364 38t 8114 42 H 18U 47i 68 49 13U 3514 37H 81 41 17 i 4SH 6715 1314 24 U 81 38 76 U 9514 9i 13 2V4 68'4 89 a; 39 H 5414 42 i 3614 134 31 HAt lo-l Pero Mara Phlla Co , Pitts & West., do pref Pierce-Arrow.. Pierce Oil.... Pitts Coal. ... Presxd fitl Car Pullman P Car.11614 115 Tty Stl Spring.. 76J 75 Reading 82 do 2d pref... 38 Hep I & S 77 17nva.l Dutch.. 99 Saxon Motors . 10 St L&S F... do nref Seaboard A L,.. 8 Sears.lloebuck. 17114 171 Shattuck Ariz . 10V4 1014 .SIoes-H S & I 60 60 SIoss Bheff pr 88 83 Sinclair Oil .. 37i 361 Southern Pac. 1034 102 Southern R n 29H 27T4 Southern RU pr ss Stand Mill pr 89 i Stromberg Gar 39 i Studebaker ... 55V4 Stut-i Motors ..4414 Sup Steel ..1. 364 Ten C C w I 134 Texaa & Pac. 324 Texas Compy..l95T 19114 193V4 Third Ave 11 Jl IB', is'; Jtt Tobacco Prod prl06 106 106 Tran Williams 39 ,39 39 Tex & Pao rf.270 :70 270 I7n Ti A- Paner. 78 7741 78 Union Pacificism 110 180U tlH 14 li H -r 4 4974 ' 3514 3714 814 42 17 47 67i 4 lii l"t 814 li 38 764 9514 91 13U 24 la 8 171 10b 50 88 364 102't 28T4 68 14 89 39i 54 '4 4314 361 13. 32 U do Dt-ef Unl Alloy Bt! ... 73i 731 73i Hi. 42 4014 41 ltrs.126 124 124 : .. 9414 944 94V4 73 i i 4- "i 5i IVi 11 -r li 'i i 20 S i 7 fi3 53 1 1R.1U 1R3U 4- 54i 1H 110 .,. 26 4 821, 1 47 l Unl Cigar Sirs, United Dru .. do l-l PI... oj United Fruit ..168 U 8 C I r " do pref ... 64H U S Ind Alco.,112 U S Tlealty.... 26 U S nubber... 8414 U 8 Smelt & II 48 U S Steel 9514 do pref 11414 Utah Copper.. 68 4 UtaJi Seo Corp 18 Va Car Chem. 55 H do nref 112 . Wsbaah ...... 8, do prer a... h do pref D... 20- Wells Far et j; West Maryld.. U West Pao Wsf Ul Weathse Tl-heel Jt I, E.. fi do pref 184 White Motors. 52 Willys overld. 26 Afj pref 92 Wilson Co ... 70 Wis Central... 32 Worth P & II. 61 do pref A,. 91 do pref B.. 70 Hlx" dividend' Otntril Clstf Store prtf.. ?". .. Pao of... 5514, 664 Uli Tl.. 874" 87i Use Mfr.. 441 43 i fy 03 03 1J li 1R1U 18314 4- 14 64 110 26 81 "4 47 9414 941i H 114 114'i -f V 674 6814 7. 16 16 544 544 S 112 112 , ft 8i $! 1214 33 20 20 H 64 64 .. 11 11 MONEY-LENDING RATES Xr.W YORK Money on call, mixed collateral, opened today nt 51s per cent for lending and renewing. On all In dustrial collateral, tho opening rate was 6 per cent. I-IIII,ApiLriIIA Call. 6'4 percent; time, 54 6 per cent. Commercial paper, three to six months', 5!(J5!4 per cent; six months, C per cent. Reserve Banks' Discount Rates Official discount rates at the twelve Federal Reserve banks were as follows: (The flrst column gives the rates for all periods up to and including a fifteen day maturity, the second for a period of sixteen to ninety days. The third and fourth columns are the rates for rediscounts of collateral loans secured by gocrnmcnt bonds or notes.) Com. ivt per Gov. paper 10 10 i; id 10 uu Rotten Ktiv York , . . l'Mladtlr-hla ., Clevtland .... Richmond ... Atlanta Chlesfo Rt. I.oult . '. .. Mlnn-apoltn . Han Francisco, Kantas City.. Dalits 13 days 1 4 4 h days 4. 't 4'i 4 I't t 4". 4 5 15 days t 4 4'i 4 4'i 4 4 4 I v 4' ; 4 da ays 4fi 4lV 4U 41i 4 s 4 S 4'i FOREIGN EXCHANGE New York, Feb. 24. The foreign ex change market on the resumption of business showed a further advance In Spanish exchange, for which so far thero has been no other explanation than cov ering of ghorts, This class of exchange, although dull all last week, displayed Increasing firmness. Today's cables are quoted at 2014 and checks at 204, These are the highest figures on the movement bo far. Otherwise the market showed few changes of lmportoncc. Quotations were: Demand Bterllng 4.75"i, cables 4.76A, Sixty-day bills, nominally, 4.73 j ninety-day bills, 4.7114. Krano cables 6.45H, checks 5.45,, Lire cables 6.35. checks 6.3614. Guilder cables 414, checks 4U4. Swiss rabies 4,87, checks 4.91. Pesetas cables 204, checks 20". Stockholm cables 26.20. cheeks 28.00. Chrlstlanla cables 27.40. checks 27,20. Copenhagen cables 26.20, checks 20.00. BANK CLEARINGS Bank elearlnsa todty compared with cor reapondlns day latt two yeara: v 1010 IBIS lf17 rhlla.. I70.dfl2.742 $M, 002,144 S3.0il2,0.'.0 notion.. 4.SH4,40.i s,sio,j8 2:.mn,-,7f N. York, 82S.3fl9.S81 8il7,440,-il 3,".0,701,t7 nalto... 14,401,343 7,472,836 fi,807,923 sv 2-"i " .. ! 83 . 2I4 .153 . :i . US 7.'i t , 3S C1-, 2. 22 i '- 2 135 V IS V S4 24 'i 138'- 3 MINING bTOTKh AtUnta 3'i UIg Iedgrt Butte New York -"t Con Ariz 1 C V S & .lerome " First National 1 i Goldtleld Merger .... 5 Goldtlelil Cons 18 Goldfleld Florence I'.' Goldtleld Kennnas... I llreen Monhter rt Uecl.i Mining 4 Itnu-n syiund . Independence Lead. .leronio Verde Jim Hutler .. .... Jumbo Intension . . McKlnley Pnrragh. . Magma Copper . . . Mother Lode 3 12 45 30 70 S'4 30 1, Neadi ll.lils 5 Neaoa wonucr ., Klplsslng Ohio Copper .... Uuy Hercules . .. San Toy TonopAli l.xtcnslon Unltnl Verde West llnd Con White Caps J Ycrlngton IIONDS Bethlehem 7s (notes). 10 1 Cosden OH Cs 90 Cosden & Co Cs ..... 90 Cudahy 7p M Ilusslan Gov 5is.... 58 Ilusslan Gov 614s.... 65 yjuthern Hallway 6s. 99 Sinclair Oil ;." Todd Shipbuilding 6s,10t 14 " u, i; 21 It) 0 'a 4Ta 4 10 11 47 29 32 6 80 ft 3 " Z 32 Hi 13 5 Tim Rutl-r Mai-Xamura Midway Mlzpah Kxtenslon Montnnn North ftar , Utrue Hula W-Bl End ,nl .'.'1 .20 . on .17 .07 .0 l1. OOl.DFir.Ll) STOCKH Atlantn 01 lllue null 0 noolll II llammdnM n R 01 fraikerjarlc ON Patty K2 lCennan 0", Orn nt HpfHrhnd in Hllicr Plik 07 MISCEI.LANKOUK rizona Pnlle.l S". NvdK Wonder ,0 Tecopa Minimi 13 ekeJ I .31 :SV i Sit .01 ' .10 , l'i I .03 .o:t in .n.-i .in .i .07 .0.1 .-'ii 7.1 tr. G 13 Ml WANTED Investment banking liouse wishes the services of an experienced sales manager. P 714, Ledger Office. LIBERTY BONDS BOUGHT and SOLD Any Drnomlimtlong Samuel K. Phillips & Co. 807 cnESTNOT 8T. tftmhen Philadelphia htoek Extbsan UNITED STATES GOVERNMENT LIBERTY LOAN BONDS Half 3y2 4 4 4 414 4V4 414 c.iiabi. ua. as.:'. ?r.vrv. Maturity 3.58 4.42 4.50 4.55 4.66 4.70 4.80 'JO. 5100, -,500 AND $1000 DENOMINATIONS 1932 1932 1927 l 1932 1927 1933 Una Called, or it "a helllnr at Par on talUble Dat 1947 3.65 1947 4.70 1942 5.00 1947 4.75 1942 5.05 1938 4.80 1928 FULL INFORMATION REGARDING: THE TAX FEATURES OF THE LIBERTY LOAN BONO ISSUES WILL BE FURNISHED UPON REQUEST MONTGOMERY & CO. 133 SOUTH -Ti H STREET PHILADELPHIA 14 WALL STREET NEW YORK GOVERNMENT SKCURITIES IIKI'ARTIIKMT TJLJmiOM3. BLLL. LU.UU.1RU 4320 KUlbTO.MJ. MAIN : l'i 12'i 101 Va 03 93 102", 60 60 99 'i 88 107 102 i,t 59 67!: FINANCIAL Annual Meetlr.ru a-t.T1U" I.MHOII COAI, ANI NAViaV gPlr THIN COMPANY Phllaijtliitila. l'ebruary 10. 10I. The Annual Mettlnr ot the Stockholder f th. iVehlfli Col nd Navlgatlim Com Sn will Si held ot the offltt of the Com Sany. 7 Chettnut ttrett Phlladl-lphU. P... S tvhni.n S3. 1010. t tl o'clock s. m., wlen-Tid where an '.lection will be htli tar Pritiatnt and Board ot Manuger. to trv. for the entulnt; ytar. Copl.t of the Annual Report can by liad at the Company's office on and arter Febru 17 II. 101. HENRT II. PEASE. Secretary. -, OITIc. of 83r noNnnif.HT a company AJIKRICAN HTIl.ITIr.M COMPANY Th, Annual Meetlius of tho tockhold-ra of the American Utilities Company and the election of Director, to sen" for the tn.ulnx y.ar will be held at the office of tho com pany, 431 I'heatnut utreet . Philadelphia l'a . on Wedneiday, Frbninrv 20, I Old, at - o. m. on """"' ART1IUII li. MfLI.UR. Secretary. TRANSPIirtTATION Treliht blllt checked: rate. qiotedt thlp m.nta routed and e ipedilcdi Information fur nlthed rtfardlnr all traffic matter., rail and water, to all parti nf the Morld: apeclal attention lv.n to the pr'raratlon and rollee. Hon of lot., damare and ov-rcharr; claim, TRANHPORTATiny TRXKFIC, AGENT-) Commercial Trutt Uulldlnc Borne 8780 Rare 122B u v hh n -r ft H 28U 26H J, tt 81V 91V H ii 70! 70 $ Vf S3 32 Vt ii E9U (1 1 OliJ 91tt -fH H 70 70H 1U MACK I E ft CO. Suit 215, Real Estate Trust lulldine Phlladlephli CHARLES ANDREW MACK IE JOHN HASELTINE SHINN CLAUDE FRANK LEA MAN announce that as of February 20, 1919, they have entered into a partnership for the purchase and sale of BONDS and other high grade Investment Securities. Commonwealth Edison Company (Chicago, III.) First Mortgage 5 Gold Bonds Dated September 1. 1S08 Due June ), 1943 tad I Ccunon bonrls in denominttion of SI. 00 eich. Calltble al 113 upon 40 da. punn-hrt! notice, rretico! ittuet of thcte bonds are Iaurett payable March 1 and September 1 talar.tt on anv tnterctt date neon lltttd on the Chictio Stock Eichancr, and tpplication Mill be made to Hit this itsuc. Interest Payable Without Deduction of the Normal Federal Income Tax Up to Ifo For detailed information regarding these bonds attention is directed to a letter from Mr. Samuel Jnsull, President of the Company, a copy of which xvill be sent upon request, and from which we summarise as follows: The Commonwealth Edison Company was organized under the laws of Illinois in 1907 by a consolidation of the Chicago Edison Com pany and the Commonwealth Electric Company. It serves the entire city of Chicago, with a population of over 2,500,000. practically without competition. Its customers number at the present time over 371,000 with an annual increase of from 30,000 to 40,000. These bonds, in the opinion of counsel, are secured by a first mort gage on the entire property of the Company and rank equally with the $8,000,000 Commonwealth Electric Company First Mortgage 5 Bonds. Additional bonds may be issued for only 75 of the cost of permanent improvements and new property. Net earnings for the year ended December 31, 1918, were over 3 times the annual interest charges on the $46,631,000 First Mortgage Bonds which constitute the Company's entire funded indebtedness. The Commonwealth Edison Company and its principal predecessor, the Chicago Edison Company, have paid dividends eyice 1889 without interruption. We Recommend These Bonds for Investment Price at the Market, Yielding over SVz All (UtemenU herein are aflicitl or btsed on information which we retard at reliable and while w ia not rturtr.tee them, the jr. arc the data upon which we have acted in the purchase oi thit tccuxlt. HALSEY, STUART & CO. inco.eo.tTto-aucciaaoaa to N. W. HALSEY tV CO., CHICAGO LAND TIIXU IlUILIIiyO, PlIILADKLnilA CUICAUO NEW Tt'OBK DUTKOIT UObTON 8T. LOUIS MIUVAUKEE A ' ry-;i r AI ,rl M 31 .r'-l .-! i; ; i " ", A , - 'i1;; r" .w a f t"..l
Significant historical Pennsylvania newspapers