EVENING FUBLTO LEDGF,R-PHILADEUHIA, FKIDAY, FEBRUARY 28, 191H
18
FINANCIAL NEWS CLOSING NEW YORK AND PHILADELPHIA STOCK QUOTATIONS
-
y
$
i
5(
-1
m
rjUwWctTirajtfk
Commonwealth Edison Co.
Ftrtt Morlfue S Gold Boo-i
D.t.J S.t. 1, lC1 Put Ju. 1, 114)
TOTAL ftitome in ratn o the
part five yetn liat bm ovn
JiieelitncintefcitclifRfi on the fift
mortgage Iwndi. The company hi
paid diridendi finer its organization
and lince Nov. 1913 at the rate of
B per annum.
Price to yield about 5.51
lircHlnr VlUitiU v, irijttrsf.
The National City
Company
CorrtifoiidtHt Officti 111 33 Ctliit
rMlaJttphia-1421 Caritnut St.
Te'ephone 5400 I.ociut
iPRICE MOVEMENTS ARE MIXED
1 ON NEW YORK STOCfc EXCHANGE
Some Specialties Make Wide Gains. While Olhers Kwicl
Violently Pressure Against General jMotors
Prominent, Thai Issue Losing Heavily
High Points in Todays Pinuncial Arms
Intel-out in New York trmlltiK centered in specialties, with mhiio
tnakinR wide Rains while others reacted violently. The Curb market
was irregular. Corn advanced and cotton was lower. Foreign ex
change was wenk. I'hiladclphia bank clearings for February were
large. Stock trading on the local exchange this month was fairly
active. Announcement was made in Washington thai the hog price
would remain at $17.50 for an indefinite period.
NEW YORK STOCK SALES
Nft
lUfill 1.CIW Olfipft fllKC
ArtimiH tlx II 41 41',, M,
Aiiv iiiimri.i i.r r,!)ia r.ti'A r.nu i
J11x Itiil.t.er. . 70 7fi4 7fi4 3d.
AI.'iMtn tllil M. .li ,1i 3fj, ifc
Alaska .luni'iiti, 1 '; 1'j, .4- ij,
AIIIh-i.'IiiiIiii Co. flfi siij ,11'; U
! lirrf 88 XS US !
Am Aitr I'ht'iii.lti: 102 ln'i '
Am licet SiiKiir 74 'i 72 'J 7.1 U'
Am I.' A- !' C11. li JI2 i !I3 Vn
Am Cot ion OH. 4I, I4i in; i
Am nnirKlMK. 1.1',, 13U 131,1 V
Am II K lentil. 5m, 1V, 1'ia ti
1I0 iiif una ii; !ir, --1 U
Am tin Corp.. til", tfi ((i, l!i
Am lie sit. ... 43 43 43
!o iin-f . ... 3 r.av, r,3 f 1
Am Clin 4.iJ ir., 45T 'a
Am l.liiii'i'd. . . 41! ir.i 10 ',J
Am 1.010 fi7 cr. iini ni
Am .Mull prpf.. Mi 49 i fin 4- i
Am .iniltlliK.. 117 liri a. HO"!
Your Income Tax
Return Should Be
Prepared Under
Legal Supervision
tnilcr tlio iii'W Itcvpinir l.nw
Income Tax nml Wnr 1'rollt IC
ttirni, will 1) more loniTMIraieil
nml dlllloiill to iirrnan- than v '.
I'roper leirnl BUlilnn.T m prr
piirlrtR nml ninlltlnif Tux Upturns
mns' pffpi't a Kitalf-r hiivlnc to
tuxpnypiK.
Our Tnx Audit m rOm liirluli"
IpitkI mpprvlnlon !' "H' oiiiispI.
John V. McliMiy. i:.i . who rp
rently I'PJilKiiPil ni Clilpf DphuU'
Collector of V. S IntPrnnl Uev
iiiuo for this tlltrlct
Sen Us bcfnio I'.lltiif vmir
Return.
Vnlilr. "Ininnip Tii-i;.f 1'rotlt
Itrluriix for l!)IS.l!l," Mill 1111011 rr
fltiriit. NATIONAL TAX
AUDIT BUREAU
Tax Expert & Public Accountants
406 Coloninl Truat Dldg.
Market and 13th Sta.
Spruce 1075 Ua.'o 10G
New Yorll, l'eli. 2S.-Tlie stock market toilns- was one of violent
HilvniitTt In some specialties aualii. lint tlirM' upturns wore offset by
alinoHl pcumlly loletit declines In others,
The. motor, rubber mid oil croups, which bail been prominent tin 11 n
upward movrnieiil kIiico the beKluuliiK or the Meek, were In less ilomnnd
and reflected realizing sales with some pressure nimlliMt tieueral Motors,
makltiR that stock decline more than fi points to MS1.
Kelly-SprlliKlleld Tire Mild off I points In the early trading, but recov
ered part of Its loss. Hanking Interest was concentrated In the murine
shares, with American International Corporation moving tip more than
i points to 6li, the buyitiR being accompanied by predictions of a ruining
Mock dividend. .Marino preferred lose from I00r'i to lOI'i.
Atlantic Culf and West Indies was another strong stoclt, movlnjr tip
more than S points to 104, after the declaration of the regular dividend.
The most nctivo of the low-prlccd specialties was the Iltltte and
Superior, which, after ranging below 21, had a quick advance to 2.".
with the movement based on statements that the long-pending Septra
Hon suit, Involving all the quick ass-ets of the company, had been decided
in the favor of llutto and Superior.
L'nllcd Clgnr Stores rose more than 1 points to 123H, it new high
record.
There was heavy trading In I'aitcd States Steel common, which was
subject to bear pressure all through the day, and after opening, ex-dlvb
dend of 2', per cent, at '.'.I, was hajutnered down to 92.
The oil stocks wcio heavy, ranging from 1 to ."! points below jester
day's Dual prices.
American Locomotive advanced 2 points to 07
Rn 8(1
liiiiai inc.- ;
r.r. r.r.'i iva
MH 37 i -I .
1 1 -t l-
i-.ni, iL.
74 1,
VI a.
12N
r.Jirt.
71'. i
MARCH OPTION LOWER I WAR-ORDER STOCKS
ON COTTON EXCHANGE MAINTAINED ON CURIjm(;: .S3?
I 1 'Oil Iv 1 1 pr n h n "n
1 Am Sum Toll. 11.1 1 1 0 1I3'. !',
.im Mrei i'iiy . si
1 Am !' X. 'I to?.n:
Am w.ioi r.r.i.
Am Wilt I' in- 37 ,
Am 'Im ,. I.. IS
AiiacoiMla .... Ill r
Asso lir.XRoods 71 ',
AtehlMin 92
All It .V All. 7T 7Ti 7;(, '
Atlantle ' (. . 911 91; 91; ij,
A ilulf A W I. in) 99'3 I'll-1, f 3
do pref ('" (ir, r.3
llalduln I.e.. 7'i i!i 77 1 '
do prer Hi2'- l(i2i in2 '
lialli . Ohio. 19 ts'i IS't ia
do ptef nr.-i r.r.-i n.-., ,
llariett Co ..119 110'.- 111!'-.. 2Vi
tletbleliciii St I. fit's iil'5 Gl'j f3
do 11 fit;',, :p, i
do Mir iiref. . tor, . tor.'; iir',. ..
lliook U Trail. 23, 23',2 23',-j
lining ltros . . .112 112 112
llutte C .v.- , Co 7'i fi 7 -f
llrtiiisnlek 94 9'i 9',i !a
Iltltte Sl Cop 2,"'ii 2U':. 2.1 2
Cal IVtrol .... 27', L'fiVa 2('."i 'i
do nref . ... 73', 73 73 'i, '
Cal I'a.k Co. A3 r.2'J K2 1, n
Cent leather.. 1',5'i, ii.1 (13
do pre f . . . . 1 llfiOa lor. a, in, ( U
Ch.iniller .Mot. .121 124 124 1 "i
ciit-s & Ohio.-, r.9 r.7'i r.ii . '
Clil CI West.. 8"i 8-1! H"i '4
Chi M X. St P 3fiT, .Ifi'i 31!', ,
do nref 7n i!8-ni Hi" 1 '
II I K I' t i- 2..", 24T -tT,
do li i pi of llfi fi." i2 fi.'.ij t
Chi mP7iepf 77'j r., 77 '3
Chile Clipper .. P.O. 19 19 'J ,,
Cllltio Con Cop. 33 33", 33" '.
Col Fuel K Ir.. 3S', 3X 38' a.
Col t!H .: i;l...l3'4 14", 44-V "
font Can ... 71 "i 71'. 74 'i 'a
Com 1 bids . 48', 47?, 17 'i
Crucible Steel IIP. fill '
Cuba A Sug KIS Hill IfiS 1 7
Cuba Cane Sug 22'i 21'( 21
High !)
Peo (!ns & C . . 50 W,k
Pern .Marquctlo 14U 14',i
do pref 58 r8
Phllu Ci 34 'a 34 Vt
P C C & St I. 48 18
Pitts West 39 38 1 j
Plerce-Arrow . 4fij IS
Plereo Oil .... 17 ',4 17U
PJtls Coal ... 4V5, 45
do prpf 81 81,
Prsd SIppI Car. C8'i 67 ',4
Puiita Klrgre S C4'i C4
Pull Pal Cnr..llBU 115
lly Steel Spg.. 70 '.4 74 "i
liny Con Cop.. 19!, 194
Upadlng 82 81,
do 2d pref.. 37 's 37 '.,
Hep Iron & Ktl, 70 ". 70
Itoyal Dutch.. VU, OH'-j
Saxon Motors.. 11 10&,
Hea'd Air Line. 8, 8U
do pref 18 1 7 a4
Sear ltopuck..l72 171
iShntttiek Ariz. 10K. lO't,
k!h...l,.U lt n q. t
.Till. Kill Ull, ,, , .u -l'73
Southern It It. 29i 29
do pref. OS's (18
Studpbaker n, 58i
Strombeig Car. 40-!, 40
Stutts .Motors.. 40U 45'i
Sup Steel 3 til t 3
Tpiiii t-ttCh w I 13 U 13
Texas & Pacltlo 33 32 i
Texas Co Ifi2'3 190'j, 191
ri'obucco Prod 87 85 83
t do pref 102U 102U 102'.4 2,
in ris 4 3V .T,4 "4
Transus-Wms. . 38'j, 38 38',, T,
Twin City 1ST 49 49 49 ?4
Colon Pacini'.. 1.11", 1304 130i 'j
I'lll Alloy Steel IP-, 40 toTs 1
CnltPd Clgnr..l29, I25U 129 4 3?
f'.illuil t,'ilt r. i-n ir. .i it.
. I .... - ...i. ." ...- .ui. -r.-c
S I lilted lly mv 131,
do nref 2C,
f S C I P ft. V 19
do lirrf .. 53
IJ S I ml Alio. Ill", 11
L" S Uiibber. . . 82 K 8
do 1st prpf. .112 112
I .- S fc Iter. 47'
C S S'tepl 93
do pref 1 14 1,2
t'tiili Copper.. 7ft U
I'tah See Cor. Hi
Va-Car Client. 55 '3
do pref 112
Wabash 84
do pref A . . . 34M,
West .Mary 11'S
West Union Tel 89
Wesfp Mfg .. 4(i
do 1st pref.. Ill ':
Whel & I, i:... 9'
Whlt.j Molois . 54 '.a
Wlllys-Oveil.mil 27 a(
do pref !12',4
Wllroa Co .... (19
Woith'n P .L .M 00
Net
C1no eh.
60 -1
H .
58 '
34 V, -II
48 (,
38'i '4
4&U
17'i U
40 ".a (a
80
68 '4
54 U .
115 V
74 .
19 ..
81 fi U
37 ',4 '4
70 1
'Jt 34
II ',4
8'i U
17i ..
172 1
10'i ..
35'.i ,
29 '.A
08 ti V,
58 T, 1
40-), '4
40 1
30 U . i
13
32 ',4 ',,
191 l'i
83 1 84
Philadelphia Stoclts
1 I i 11 -?4 ,
26 211 "i
19 19 ',4
53i 634 -4- ',4
112 113'f, J- 0,
81 1; gl i; m
112 112',(, '(,
47 47',, V,
2 92 1 ;
111'.. II l'i ..
69'4 09 "I,
lBi 1534 ..
5H, 54 "i 'J
112 112 '.;
U 8-1, ..
34 34
11 II 'j
88 Sll
I4, 44-,4 ?a
61 14 til'j ..
9 u i;
53 53, 1
2li 21! 1
91 92
09 09
60 CO
HUh
20 Am (las.. (It
210 Drill J U 31
10 Distiller., r.8i
71 Kleo Htor 60
10 (lea Asph 67 ',4
250 do prcf.102
785 I .If Sup C 20 U
51 l.eh Nnv. 72
SOOI.eh Vnl.. 65
BOMUlvnlc.. 424
05 Nor Cent 71 Vi
283 Pennaltll 44
2 Pa Salt M 84 U
13 1'hlla Co
cum pf. 35',4
200 Pltlln Kleo 26 U
190 Pit T t o 26
12 I'd Tract 09 i
1(1 Hay Cons 82',!
10 Heading.. 82',
500 So Ilwy.. 29'i
257 Ton Hel.. 3
669 Ton Mln. 3
HJn Tract 38 VS
lftOIT (1 I... 71 ji
630 IT S Steel 92 ',4
300 W Cramp 77 ',4
T.OW
04
30
68a
00
67 '.4
lot
191i
71
65 4
424
714
44 ,
84 ',4
Net
Cloae er.Ee.
04 2
30
68i 1
67 '.4 1H
101 2
19i M
72
Ml -1
",Wi l'i
4434 ..-
8t'.i ..
351,4 Vi
25 U ..
26
09 M
82 ? y,
82',, 4- Yt
29 U H
2i 2 ;i j".
38 ',4 38 V, ',4
71 71
91 91 ltt
77 ',3 ..
35J4
25 U
26
69 4
82'.
82 (4
29 U
3U
77 ',j
Net
Close cliffc.
40 ',1 40 ',4 '.4
llttMIS
lllsh Low
1 1000 iptcrntnio .
nys 4s.. 40 ',4
1UUU l'll Mil
Coal Cs.lOl'i 101i 101?, U
lOOOI.IbDonds
4tb4',is93.80 93,86 93.80 .20
60 .Nnt Prop
l-Cs 32 14
1000 Pa Co tern
cts-4,l,ia95!1i
5000 IM1II11 Co
coa Bs. 87 '.i
2000 Phlla Klcc
1st 5s.. 91
2000 Heading
gen 4s. 85
32 '4
95 a,
86
8I;
324 ..
95- si
87 ',i 1U
91
S5
CLIiARINGS ARE LARGE
LOCAL STOCK TRADING IS SLOW . :
AND WITHOUT SPECIAL FEATURE b
American Gas Moves Up 2 Points, and Brill Hits Pre-
vious riign, men ucacts utner nanges omau. ir
B. and O. Earnings Improve q
Trading wns small today on the Philadelphia Stock Exchange, .and little
of Interest developed. Virtually all transactions In homo Issues were in odd
lots nnd price, changes were in most cases fractional. Exceptions were
American das, which advanced 2 points abo'vo Its previous sale price, and
J. O. Hrill, which gained 2 points, to 31, the high level in a long period
icored yestordqy, after which It lost part of tlio advance.
Storage Battery, I.ako Superior Corporation, Philadelphia Electric, Penn
sylvania Salt and Itapld Transit certificates wero steady, while fractional'
losses were recorded by Union Traction, United Gas Improvement and Lehigh
Navigation, Tonopah-Uelmont and Tonopah Mining were off slightly, the
former selling at 3i and the latter at 2T. Philadelphia Company cumulative t?A
i. v.t . vi. j iviutru -2t 'IH nuq flluw. ,
There was a fairly largo turnover of Southern Railway, which sained V
trifle, while Pennsylvania and Heading Company each showed flrmnesSiS '
Lehigh Valley yielded slightly.
United States Steel common showed moderate momentum, but was lowar V j
4U1IU.V.IIK HO I.UUIBD Ull 111U Ul HUlirU,
nond business was quiet and changes wero small and uninteresting.
Reporting for January tho Baltimoro and Ohio Railroad shows substantial
Improvement over a year ago. Gross was 113,332,117, a gain of $5,800,482,
and for tho month there was a net operating deficit of $1,706,954, against
$3,184,529 in January, 1918.
ltiO'i
8',
'.
Local Industrials
Only
Our policy is to ofTer for sale
tho stock of nearby manufactur
ing corporations whoso enrning
capacity nnd executive, manage
ment, after investigation, have
proved to lie beyond criticism.
A dividend producer of unusual
merit presents itself at this time
and we will be glad to furnish
details.
Benner & Company, Inc.
Wltlcner Building
Philadelphia
llrnnchcs in V;i;,itnm'o
READING. YORK. LANCASTER
Ixotiatire of Additional No-
liceri Weakens That Position.
Whole List Kasy
Tone (tcnerall Sleatlj. l-j
though Priee Movements Are
Irregular Oils Active
12".
Sec, 58
.. 17,
30 i
21
51
I Immi M Ilia
1 Distillers
i;rie
do 1st pref.
no 2o prei
iKIsher I!od .
Kins William.
lien Clg.ir Co 54 bj
I Ceil Clee I 'o 155 '
,t!en'l Moli. is 153 ij
Itloodrleli It F 70 '.2
pi orli, I'eb. 2S Prb e movements lijranilln Mln . 08
on the Ilroad Stieet Curb were lireguliir. njeti Mot dob.. s5',4
12"
50 a,
17',
29',
2I's
53 '
30 3
63 '
16B'S 165'
48 14N-T
Npw VurU, Feb. 28. Th- issiihiicp of
additional Mareh notices In the cotton
market weaueneii mai t'osuioii -x , .. . . ,
points- on the opening call I the whole ,.ni.r.i ,.i,i lit Noiore subs 39'-.
starting 3 to 31 j
INCOME TAX
RETURNS OUT
Tor Net Income of J.1000 (r ,
Tour KCcoimta ahnoM bw rreparrd for
Itpturna nf nt liipiim In puce,, of
19000, and for cori'oraUom. flrma anil
fliluelarlea.
We specialize in preparing nnd
filing returns, auditing nnd clos
ing books for corporations, firms,
individuals, estates, trusts, etc.
Mr. Han,, 5 yearn nt Wunhlnitnn.
Mr. Cum a vmm at rhlUrielptilit, with
lha Internal Ilevrnuo llureuu.
HAAS & CARR
l'lilillp Ai-rniintnnt
Cennrl on Veilfrul TiiTntlnn
Pennsylvania Ruilding
'Spruce 915 Philadelphia, Pa.
I st an rather easy,
points low, r.
The initial offerings were not badly
iiilit-ii and there ucrp nilllps light after
the call, but the bulges met southern
llnig and the pressure became more
iiitlve,
Iloth I.lveriHiol and Wall street houses,
hleli had bought t the opening, turned
sellers mi the break and the market was
mt.v unsettled, with active months
breaking half a cent or more from last
I night's closing figures. It sn-mtd the
1 Impression around the ring that Presi
dent Wilson's stati input iigarillng the
embargo on shipments of cotton to
lluropo hail been partly responsible for
Hie southern selling, although It was
not considered an Important lulluenco
on local sentiment.
Y-t T.nliiC to 3D It .in t:3H 2:20
t Li,- iip.-n ii in fl to f in ! in
Man li . .22 HO 22 I'.'l 22 mi 21 71 21 7S 21. "S
l 22 ml 21 Ml 21 I'll 21 l"l 21.17 21 ."
1 JuU 21 30 21 no Jl 23 21 HI 20 s" 2 75
uust .... 2011.1 2II.O.I 2H il.i 211 l..i 2'l .i
i.t.ih.r 211 II 20 113 211 13 2H.II2 III So 111 so
l in ii.'. in sr. iii s.i iii s:, in sr, m s.-.
Jim . .. Il'.75 1H.75 19 73 19.7.-I ll'.7.-.
Ill view of i,!':hi"'-1 '"'...' ir.
I.I... nil. ...i ... .ii.-ii.. .. i.i-.i. i. ...I !... I'ltllf. .Mo" ..M J"
, tiiiiHin taia ni 'iiiij " nn n ii im i" i ii
bo regarded .is oul. nntuinl
, ,,.1 P Ci t..u VOI f.-?..
showir In the miuket since tho beginning . UuhKi-II .t 1! ti"
of the week. Iiis'plriitlon Cop 45",
The war-older stocks were Well main- Interbor-C c . i
tallied at eloie to the highest level, do pref 203,
New York Bonds
reached on yestei day's iidMince, with
Aetna i:plosles selling at 9 and In,
and Wright-Martin traded In at 1 to
tal. Subinarine lloat was ill good de
mand, opening at 15' j .ami ic.ictlng to
it'i.
The oil stocks weic nctbe, but sonic
Issues weio in supply nl concessions,
Ceneral Asphalt falling from OSS to
07' and Sinclair (iulf sold at 29 to
2S-V
Itoyal Dutch was strong during the
forenoon, advancing from S5'j to 80'...
and Midwest Uetlnlng made a further
advaiue witli sales at 159'- to 101.
Cities Service, new stock, when Issued,
sold at 37 a, to 37.
'Mtr.Titi.i.s
ni.i
9
1 7(15011 AiiKlo-Cr 5s
HUh
97'
:. ,4
iiiooAm ii & i. 6s mm. mo". Him.
9 94
'.mi
103
99 a,
Spruce ,1J y.'nrr SSSS
Canadian Municipal Bonds
Hought Sutd Quoted
FINCKE, BANGERT & CO.
Vranklln Hank Illilr.. Phllnilelplil
IKIhTON m;w VOKK
i 2III00AH1 Cor Sec 3s 991
95000 Am T & T 5s 91',
39000 di 0s K13-",
2000 Arninur C l'a.i S'
I 12000 Atchison 4s . 82a,
2000 II & () 3'3s. . Sfc
. OOtlU do 5s 70 i
I 11100 do cv 4'5s. . . 7S,
4000 Iteth Stl 1930 SI'-.
' liono iiku Itnp Tr 7s. s.'.'i
lOliil do 4s 60
4000 Itutr It H P 5s Vi
looon ItordeauN i;s..,101 1014 101 E4
3IKUI Can ihiv 3s 21 t'S'i! '.is's 9S'a
4H000 Chile Cop 7s- ins
SiiOOChrs.to c I'-s 79
3000 do 4'ts .... 7S',
SOO0 do cv 5s ... hfi
, 3000 do 5s 97 t
1000 Chi N 5s o7 99
' 2000 Cli StIN O 3s 9S,
,. 1000 Chi Itwys 6s.. 7St
22000 Chi ll.t Q 4s. 93-14
7000CMSSIP r 4'-s 72
1 6000 do cv 4'jS. . . 7itg
1 1000 Col tc So 4'ts. 78
06000 C of Paris tis.100
; 10000 c t rteo Co os s-i-v,
1 2000 Cub Tel 5s... 93 4
1 4000 n & r.io c. 4s ",n
700OKrlflcv4sS A. 47 .
10000 do Ser n. . . . 49,
Aetna i:plostvpg..
Amer Hrlt Mfg...
Aini'i Marconi
Amer Writ Paper.
Air Itediu'llon
C.iuadlan Car Co . .
Can Cur & I-'dy pf.
Charcoal Iron ....
Cheviolet Mutora . .
Cramp
Curtlss Aeioolanc .
SS' SSi, IJ,'"-" en Tool
S2S, g'ja, 1 ','irl'on Sieel
i,u 1 i.oieinon mono ....
iicnnce .lllg
Lake Torp Hoat
Lehigh Coal Sales . . .
Lima Iak'o
-Malc Munitions . . .
-V Y Shipbuilding . .
Nor Am Pap pup . .
Otli Lle'MUor
Peerlest Motor
Poole ling
Scrlpiis-ltonil'
Standard Motors ...
StA'l Alloys
Submarine
St Joseph Lead
Todd Shipbuilding . .
Triangle Film
cnlt Profit Sharing, llj
I S Steamslili 3S
I'nltPil Motors 41a4
World's Film a,
Wright-Martin Air .. 4
ss
70
7S"
SI 'a
sr,
:.
7S'
7i
S3"
'.IS 4
78 ,
95 ;
71I
7S,
78
99
S3',
9354
70 '.
47
49?
911
103
7li4
7S,
SI'"
sr.
60
99
ins
79
78;
so
97'
99 .
985,
78
93 5,
7Sr-i
ioo
S.T-,
93 i
70'.
47
49a;
U. S. LIBERTY BONDS
$50, $100, $1000
BOCOIIT. SOI.n AMI RFrnMURNDKD
rilR INVKSTMKNT
Newburger, Henderson & Loeb
HtO,Clll:STNUT STHKET
llambtra N. V. and I'hlb Stock lrhantM
STEAMSHIP NOTICES
New York & Philadelphia
Semi-Weekly Freight
Service
SAILINGS
From Pier 44, North River, New
York, and from Pier 2, North
Delaware Ave., Phila., every
Tuesday nnd Friday nt 5:00 P. M.
For rxttrt and other
information, apply to
.CLYDE LINE
W. If. VIVIAN
pnral Arent
Ptartt. N,DI.At.
Philadelphia. I.
w. v. n:is
Fru Traftlo .Mr
War 3(V N. Ill?;r
Nw Tork city
NEW YORK COFFEE MARKET
'w York. Feb. 25. No features de-
pea aunni iiio rarix eesaion m me
-fl marxri, w,m .ic.i.ivr uuyers nor
rs In evidence at the prevailing- level
prtefo.
W4e
5ft I. Tt
3400OFr Ren E'as.lOSA 103 105'.
' 19000 II & M in 5s 10 10 16
1000 Indiana Stl 5s 97'.. 97'- 97'3
104000 Inter Met 4-s 4i" 39 3S
, lOAAlnt Mer M 0s 98U 98- 98'5
1 75000 Inter Agr 5s Sflt SO SO
! 5000 Kan Cy Tr 4s 77t 77t 7734
tOOOKnn & Mich 5s 9rt'j 90- 90i
2000 Keokuk & PfMolnes
11 It 6 70 70 70
5000 1. S dh 4s 1928 894 S
' SOOOLeh V rets 0i 1iU 10l- 114
1 1000 Llg & M T 5s 91 91 91
6000I.ouls & N 4s. 85-i 85i 85i
54S00OLlb Bond 3,s.99.H0 99.10 99.00
220000 do conv Is . 93 2 fa.in 93 i
1 39000 do 1st 4s.. 93 60 93.40 93 52
2048000 do 4s 95 44 95.20 95.44
51000 do 1st 4s.. 95 06 95.00 95.02
1334000 do 2d 4s. . 94.12 93.99 94.04
3051000 do 4th 4s. H.12 93.SC 94 06
S7000 Lyons 6s 101 101 101 '4
9000Marsallies 6s. .101 101, 101
7000Mldvale 5s .. SO 4 S6 S
1 5000 Jllnn & St L 4s 40 46 40
1000 Mo K & T 4s. 65 65 65
1000 Mo Pas W L
5s 1926 .... S9'3 89 S9
1S500 Mo Pac gen Is 62 61 61
5000 NT V C & II con
4 s 75 73 75
21000 do 6s 98 9S
inoflov v na kipp
& II Co 5s. . 93 S 93'3
3000 NY Nil & II 6a 86 80
7000 N Y T K 4s 90 90U
3000 Uor Tae 4s... 84 84
7000 do Is 60 59!,
6000 do 4s SS 84
8000 Ore lly & N 4s 81 81
4000 Pa een ct 4s S7 87
192000 Penn 5s '6S... 95 95
3000 PierceOlI Os'JO.lOl 101
1000 do 1921 .... 93 93
1000 Pere Mara. 4s. 86 86
inAAn.niini. i. . sis. sia.
! 1000 Up Cuba 5 '01 SI 95
, 7000 llep Ir & S 5s 95 95
12000 Sinclair Oil 7 96 96
I 1000 SPKS1. 4 69
4000 S A L HdJ 5s 48 48
I
. I
5ii
:5
'. ''
.175
. 75
. II
. 3
. 911
. 3
'.
'. Sli
. 30
u
. 34
. 4
. 02
. 19
un
it 102
'
Int II C mow). 1H
I Ilit .Mer Marine 21
I do pref . . . .103
I Intern'! Paper.. 17
.1 e - , A
.... M 11 nm . . 1 I',
lilt Nickel 20 U
.lewel Tea . . 31.
Kansas ClU So 20
Kelly Siiringfd.110
Kelsey Wheel.. 36
Kenneeott ('op, 36
Lack Steel 07'-..
I.ehlsh Valley. 6.1
l.ee Hub & T. . 20
Lorlllard P . . .159
Ma Motor . . . 33-
do 2d pref.. 25
.May Upt Stoics 07
Me Petrol. ..177
Ml.inil Con Cop 22
Mlihale Steel. . 12
M & Sl 1. new. 12
(.i.lr.1 .mo. i .v ie. . u.
00 pi ei 1. '3
Mo Paelllc
do pref
GO
3."
5
T
os';.
08
81
91
3S
4 2
!!'
52 42' j
45
I'.
19
111
23
1110
10
71
25
34
211
107
301..
311
00
1-4
58
17 '
J!!ll4 l
21 "j
53 l,
32 1
51 f 'a
1
-f
lis lltlilemi AniPrlniu express. 1;
lliiitiill unit Allmny llnllrnail. 2; ('Hnailtnll
P.iillte. i'i, . Niitlonat MiiHinrllnir. 1'v: Nr-
folll 1111,1 WeMeril, 'i l Snutliern l'nelllcx 1 I
f S MIppI. 2'i : SaVHKe Anil". IVtjI.AJux
Iliililier. 1 i Callfurnl-i Parklnv. 1: ttnll'd
CK-ar St.. i -s pref. l4 ; American Suuar.
2: Amerlian Susnr pref 1'.; U. S. Ciit
Iron Pi-. pref. t'i ; lllk Hum Fuel. 3;
L.jicIp.1.. ilns, 1 :
i: rluhts Tobnn-o Products. TobiCCO
Products pief. '
Local Hanks' Ruainees Kept Up Well
in February
February bank clearings In this city
wero $1,457,113,912. compared with
$1,832,170,234 In January and $1,2A,
305.964 In February, 1918. This is a
short month, but the dally nvcrage
clearings If closo to Immediately pre
ceding months. Comparisons by months
of 1917 and 1918 follow:
tti7
1. 397.(191. 17.1
1.2.11. 517,407
1,4117.010. .1111
1, 11(1.313. 4'JH
1477.7211.1150
i,-r,n3,s(in.ii.i2
1.33l,S3ll,.1lll
i.:ins,jfi.i.Bs4
I.a37.T,2.7IIS
1.. -.09, 40O,52lJ
l.xa2,iiHl,r.3il
l.Alll,ni..n--i
January . .
IVt.ruary .
March ....
April ....
.May
June
July
AUKUnt .
Hpptember
October . . ,
November
December ,
101S
t.322.S27.0tll
1.223,30.1.11111
1,427.17.1.5.17
1,570,82.1, .1114
1,711.111.1.4211
1,700,3(1(1.173
1,7ni.HI2,7it
1,731.(131.1)12
t.nio.nt 1.1112
l,Bsn,4lti,(in
1.711,701,327
1.772,US,771
Vest, rlo,.'
AUK
111
I
4U
U?
'5',
139
07
173
22
42
12
0 '-.
12
23
OS',-.
OS
S4
PI
39 ..
42
in -,-
62 v4 ..
II -1
15 '-j
0 4
11", -
111
21 f
mi'-..
10
71 -r ..
I! li '14 '
31 '..
20"',
107 ---
30 'i ..
30
07
35
26- 1
159 I
35
173
Twclv moa.UK.71fl.002.4i3 S17.197.V5.3s'i
MONEY-LENDING RATES
NilW VOKK Money on call, mixed
collateral, opened today at 5V4 per cent
for lending and renewing. On all Indus-'
trial collateral tho opening rate was G
!'l':..cent-..- ,...., .co.iip
'l lie luaruet iui 1.1.1.. ...... -
'paper shows a contraction In volume of
clei.llnEs. Institutions, both In this city
The f.ill.mliiB report on the frenli-meat , ,,. other eastern centers and also in
tri.ilp In lMilliiilell.tihi I, furnl,b,-it bv ll. I ... . - ul,.,l,l,in. .Imvvm (o an extent
.;.. 11 :... v . ... ... ..ww ;, .1... ,,:....;.,.. me tumm?, r..,...... --"--..- --,,
1. 1, 'in it, .-F-IO..I. ..i... .lira., .m.iit- u. ..1 i.u.vnu ,,,.,.,, m... i.unl
lln.l ,,.........'.
LOCAL MEAT MARKET
Atirlculture
Vnltotl HlaU-H Uepiirtuictiri of
niHcountu averaffe
per cent hlRher. About three weeks ago
I'HKMl UKiii f-iuppups ii-Riu; mnruei tiaper miih nruis niaiitvau '
wrak nnl ilr.iKRy: 2 lower than Munduy'i tlonal ciiialllv low n i Ir I'PIU. aim
npHtilnir: rarU tradlm? Iluht. tnu nvcr-iirnil nf Into ft li Iter cent.. The
-HTKKHH- UfcelntK llxht. rnarUft dull nml . J"" " r 'hlnv f nnvfii, ncr cent.
ilrHKirv at KM. to $2.-.: l--man.l uutet. average tocla tn now to 1 -in l ., ,
((iV4- Supply iiRlit; niHrket wak HnU The market foi tlino n.ne "';",',l"
III nii,j t t, iri 1U Km-m t 11' nuili'i f-,,pi. ri
63
71
30
85
13
95
3'i
25
su
Sa
32
20
40
20
SU
s
15'i
105
1
3'-
42
'3
IJ
4
15
3
42
u
4
Moot Power
Natl Acme .
Nat I' .1 Cable 17
Natl Illscult . .110
Nat K11 A: Stpd 50
National Lead. 07 "j
Mill M 2d of. 9
53
73 U
30
10
.'.
42
12
1. 1.,
12
25
VK.vt. llireli.ln very lluht: m.irket steady
to simnB nt ts to $2.1; demand limited.
l'OIIK llecelpts llshf; market weak: 2
lower thiin .Monday's openli.a at S20 to 21;
di'liiitud fair
GOVERNMENT 1IONDS
llid
I'iiiiiona coupon 2s 1930 117
Panama reBlntered 2s 1II3U.... !I7
Panama coupon 2sl ll'.H
I'liiiama reutstered 2s 1H3H....
I'nnituia coupon 3s IHfil
P.invma registered 3, 101(1 . . . .
I'hlllni'llie 4a 11134
Philippine l 1113-1
Philippine 4 19311
P S llnt colioon 2s l'.'3'l
t' H .hot r.stslcrcd 2s 11)311..
IT S (iuM ...Ul.i.il 3, HUH
P S Unit realstered 3s 19(1!..
C S (inM column 4s 192.1
V S (1ot reKl-ilere.t 4 1112.1..
1)11 o .'olU'nb'.a 3-O.la 1024.
i i'
1
. 117 9Hi
. S7 112
. S7 H2
. I". 9H
. 90 III!
. 1'" llll
. 117 IIS
. !'7'j Iis'i
. Ml 82
. Ml 92
.11)1 10.1
.inc. 1 or. 1 4
. 117 101)
1.
Mill M 2d or- '-'
Nev Con Cob.- 10'
N Or Tex & IM. 35
N Y Air like.. Hill
N Y Central. . . 75
N V N II ci 11 30
N Y ont W. 20.
Noil & West. 103
Northern Pac. 93
Nova Scotia Stl 50
Okla P & Kef. S
Ohio Has 27
do its 3
Ontario Sller. S
Paelllc Mali .. 32
Paeltlo T & T . 29
Pan Am Pet . . 79'
do pref . .
Penn It K
73
31
10
110 116'-.- -fl'-j
1:1 llll ',
07
iu
6
0;
9'i
10 '.4
35
100
71
29
20'.:
105
92'A
30
.'
?'
-'
31
27'..
3.1
liii;
1
1
Cotton Huyers and Seller
New York. Feb. 28. Milrcb-rMltchell.
I Mci:nnny and Newman bid; Ilussell and
1 Wli ck offered.
I May Wilson, Clearinaii, Sella! , Kllnn,
Fredeifckson, 'Wachsni.in. Newman,
Mitchell, llngedorn and Weld bid; (Jeer,
' llymati, (lumoens, Martin and Jlo-
1 F.nanv offer, il.
July Newman, Young. Slgel. Peers
I and derail bid ; Ilussell, Kleffer, Itoun-
tree and Hartlett offered.
1 October Orvls and Ilnueman bid;
I Hartcorn, tiecr and Kountreo offered.
29 'a 1
20'. ..
105 ' '
50
S3
1
',
UAR SILVER
Commeiclal bar sliver was (Uoled In
j New York today at $1.01 an ounce,
I unchanged ; in London at 47d, un
I changed.
I CHICAGO BUTTER AND EGGS
ChlraKO, Peb. 21 IllITTlIll Uecelpta.
,,., .,., ,n ,, 11". 1 urn. rirnie, 11.W.HC.
. lJii's l-jb'a I'J0 "T ' .sl rrtOI" Receipts, (1470 raeea. Kxtraa. 41ci
. 41 41 44 - nr,U. 3'i tMO'ae; aeconda, ;t9041c.
32 '..
27'-.. 1
; .t, i !
nb'out the only quotable tlgure Is 5Ji
per cent on industrials for thirty to
ninety days. ,
Hank acceptances, even of choice qual
ity aie slow, but quotations ale tin-
I L 'call' loans on prime bank acceptances
Ak I fctlll rule at 4 per cent.
rilll.AIir.f.ntlA Call. 6 per cent;
time. 5)0 per cent. Commercial pa
per, three to six months, 5U5V4 per
cent; six months, 6 ier cent.
LONDON Money is quoted at 3
per cent. Discount ' rates, short and
thrco month"' bills. 3 17-32 per cent.
FOREIGN EXCHANGE
Vrw York. Feb. 28. For tho lirst
time recently the foreign exchange mar
ket today showed some Irregularity In
the early dealings French exchange
showed a continuation of the weakness
that was npparent on yesterday after
noon, while Swiss row 1 ! 2 cents. Cluild
ers disclosed heaviness and on ir.e other
hand Scnndlnnclans were steadier. Uus
lness was on a very moderate scale.
The steadiness in .most of the neu
trals and heaviness In France were at
tributed to the latest International po
litical reports. This explanation np
peared very vague, however, to the
prominent bankers. Sterling held steady.
Quo-tat Ions were:
Demand sterling 4.75, cables 4.76,T,,
Sixty-day bills, nominally, 4.73 Vi, ninety
dnv bills 4.71H. , , , . .,,
Franc cables 5.4j, checks o. 4 6.
Lire cables 6.33. checks 6.30.
Swiss cables 1.84, checks 4.88.
(lullder cables 41 -ft. checks 11.
Pesetas cables 20.80, cheeks 20.60.
Stockholm cables 28.15. cables 27.95.
Chrlstlanla cables 27.25. checks 2. .05.
Copenhagen cables 26.10. checks 25.90.
nuhle currency was dull and easier
at 15.30S? 15.50.
STAMI.illll OH.
Illinois
Ohio
Prairie Pipe . . . .
S O Cal
.' O N J
SONY
.169
.323
.268
.207
.087
.330
173
327
272
271
692
332
OS 9
329
ini:pi:niii:t on. .stock
Harnett Oil A das... ". i;
CoMien ts Co
9Jt,
80
90
81
59
84
84
871,
95
101
93
86
84i
95
95
96
69
48
Klk Uasln
Federal Oil
Inter Petrol
Houston Oil
MVrrttt Oil
MldwpFl Keftning
Mel Petrol
Ohio r uel
Sapulna Kef . . .
Sequoyah
Mnctair
Island
Olenrock
. S
. 0
:8f.2
. 79
. 24
.155
:
. 28
S
0
2
3
IS
7
28'.
15
Atlanta
Dig Ledge
Hutte New York ..
Con Ariz
C F S & Jerome. ..
First Nntlonnl . . .
Ooldfleld Merger .
doldfleld Cons . . ,
(loldtleld Florence
(loldfleld ICewanas
Oreen Monster . .
llecla Mining
Howe Sound .-
Indeiiencience Lead
Jerome Verde ....
Jim Butler
Jumbo I'xtension
McKbtley Darragh
Manila Copper - -
Mother I.OU6
3 3Ti
.MIXING STOCKS
3'd 4
22
SO
24
158
3 '.a
3
I .The trade Is vraltlnic for some chance, SOOOSo Pac cv 4s 8J, 83 8J
nlbe atUtude f Braxllian shippers or 61000 So Vac cv 5sl0SJ 102 I0SJ,
Sr the appearance of domestic demand xx 14000 South Ity 4s 66 6 6b'i
atwk th existing dadlock, and ther 2000 do 5a .....91 94 94
i nothlnr In the news of this morninr
4Hte any sentiment aa to the out-me.
TrM, official cablea showed n decline
lie rete 4io. uui tMnmii luiures
a,e w ivii reia. auiu mere was an
&c i-iza in ine rate or Jtlo-ex- f
ea jjonaon. eanioa leponeu a
C ,ve d lor New Or-
101)0 Klh Ilv M &.
Ohio cf 4s. 67 67
5000 Third Ave 4r. 61r 62
11000 do adj 5s... 11 30
1000 Utah P & L 5s 88
SAOOS 8 S & fi 6a. 9li ..
17000 U S Itealty 6S 68 67
os. .
16000 V 8 Hub
86
67
52
31
88
68
86
'O
YaatrnJar Tbdar'a
ia open
....... i j... ia.13
,.'.,.,. ,2.,.,,., M.I.I ..
KWfn::;tt 15. IS?
861. 86Ti
7DA0 1' S Stl at Sa.lOOU loot; 100
JOOOUn B & V ta. 17 $7 I7H
2000 1'nlon Pac 6.103 101 103
16000 U K of O B &
I 5. MS .. -100H U0A 100 A
24000 U li of O 15
&4ji n v. &r (z n Jfr
i t T H-". .. ttji lit
ii iirBia
1
Vs
4
-:
4
3
34
12
45
28
30
Mines Co of America 1-32
Nevada Hills 3
Nevada Wonder . . 70
Nlptsslng 8
Ohio Copper . . . 2
San Toy 6
Tonopah Kxtensloii . 2
United verue ai
West End Con 1
White dps 10
li
19
10
6
44
2T-
37
14
48
29
32
6
80
S
2fi
8
it
5
IS
34
28
2
'ill
,'iu
10'i,
HONHS
Hethlehcm 7a (iwtcs) 101 101-
Coaden Oil 6a 90 , 93
Coaden & Co 6a .... 90 93
Cudahy "a 102 102 1,
Kusslan Uovt 5s.. 69 61
rtuislan Govt 6ii ., 67 69
Southern Hallway 5s 99 D9
Sinclair OH 6s 85 90
Todd Shipbuilding 6s 101 109
60
66'a
)0 U K of O IS
I EU '31......
Moderate Demand for Refined Sugar
New York, Feb. 21. The sugar mar
ket continues unchanged. The demand
for rttlnea u very moderate and local
refiners quote 9o leas 1 per cent for
cash, for flue granulated. IUwi are
wiH.at, 7.i Jc. .dell vere-1. '
Income Tax Forms
For Incomes of more than $5,000
Ready for Distribution
1OR.MS for reporting incomes of more than $5,000 are now...
ready for distribution and may be obtained at any of our offices. .
Other forms available on request:
Form 1040A for reporting net incomes of not mare than
$5,000.
Form 1099 for reporting information of payment of
$1,000 or more during 1918 for salaries, wages, compensa
tion, rent, interest, etc.
We shall be pleased to give you any information you may ,
desire regarding the preparation of your return.
Our Booklet on the New Revenue Law
contains the full text of the income tax, war
profits and excess profits tax, and other pro
visions of the Act with explanatory summaries
and examples of the application of the law. This
booklet wHl be sent on request.
Guaranty Trust Company of New York
140 Broadway
Capital and Surplus $50,000,000 Resources over $700,000,000
Clayton F. Banks, Correspondent
421 Chestnut Street, Philadelphia
. Telephone! s
Bell, Lombard 4691 Keystone, Main 438
w
The New Revenue Act
OUR booklet on the new Federal Tax
Law is now ready for distribution.
This measure affects individuals, corpora
tions and partnerships.
The booklet contains the full text of the
income tax, excess-profits tax and other
provisions of the new Revenue Act, -with,
explanatory summaries and examples of
the application of the law.
Copies of this booklet may be obtained on
request.
We Have Established a Service
under the direction of Mr. John G.
Herndon, Jr., for the assistance of our
customers and others in the prepara
tion of their tax returns as required by
the new Revenue Act.
, You are cordially invited to avail
yourself of Mr. Herndo,n's services,
which are rendered without charge.
CLAYTON F. BANKS
421 Cheitnut Street, Philadelphia
v Correapondent
Guaranty Trust Company
of New York
UNITED STATES
GOVERNMENT
LIBERTY LOAN BONDS
Apprnx. yield It
Bat. Callabl. Du. SAjTt&
en Callable Date
312 932. 1.947 3.56
4 1932 1947 4.62
4 1927 1942 4.90
414 1932 1947 4.75
414 1927 1942 5.05
414 1933 1938 4.80
414 v 1928 r
JS0.SI00. $500 AND $1000 DENOMINAT
i
Approz.
Yield te
Maturity
3.52
4.40
4.45
4.55
4.66
4.70
4.83
FULL INFORMATION REGARDING THE TAX
FEATURES OF THE LIBERTY LOAN BONO
ISSUES WILL BE FURNISHED UPOW REQUEST
MONTGOMERY & CO.
113 SOUTH 4TH STREET
PHILADELPHIA
14 WLL STREET
NEW YORK
COVEBN'MENT SECCKIYIES DKrABTMENT
TELKl'llONES, UKLL. 1.UA11UBI1 4S201 tUSYbXONK. UA1N MM
A
Non
Speculative. Investment
The Guaranteed Mortgage does not
require constant familiarity with an ever
changing market.
It eliminates the uncertainty and un
stableness which adverse conditions bring
to investments possible, of varying value.
In Guaranteed Mortgages your prin
cipal is insured. Your interest is insured.
May we send you a list of guaranteed
mortgages now on sale?
PHILADELPHIA COMPANY
for
GUARANTEEING MORTGAGES
Wm.R.NUht-,
m
Land Titi Building
i
Ln-j.it.t-
W ewmaaa;B4iBBBBaBBBHBBBB
a--a.-i...i-.iHl
' v jr"
. ' .1
r'r'!v.fT'Ti,
:J '
i-
Ki . .
-
..JfceJkaiL
.y:
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