Newspaper Page Text
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WEEK IN FINANCE
HERE AND ABROAD
Check to Upward Rush o?
Stocks, but Reaction Is
Only Moderate.
CONFIDENCE SHAKEN
BY ROCK ISLAND
Europe's Scllin??: More Slackens,
but Sterling Ratos Aro Low
Bank Surplus Higher.
After three more n rlfiys
Ptock KxchnBge tro ted la?!
week, bu* ? , read ?>n in
pi ices was ,,n xtei '
Eepreaentativo ra ? ?ad stocka made an
aveiar? leas o*" about i : 1, while
in*1!:?.-!.,? werr iged. In the
]. ? continued ? March 16
nins had
t roads ai
Bond? 01
were den'* v
000.000. ,.?,,. ?
and eoi ? l for
i.?. ?
-
alacki '
Island reee ?? istitu
? wer? rainal war
lv ad
?
tracts rar i,
i
ad beeom? : when buy
?
?. ?-. had been
I court? wR? met with
determined h.-.'?; In the foil?
?essions, however, securities of roads
whose t : l ? ? med none too wed as
?ured were uhder pressure. General
trading on the ? ice was much re?
duced after Wednesday.
Kork Island Credit Depreciated.
Coming at the end of the untangling
??f th< ? panics
that had brok? n do i n tl ? l: ???-. Island's
cremt, ni'V ot un
naturs
road ?en es a pi ei ritory, and
iti lot? ? relient.
In spite of
10 d??
pr?ci?t?
i
ate n? ?
A* woi - ' hip nee i i
?o long >!? a e??ar;
two or thr. ? ago. The
own in
the great r ? '? has
*
t'n hid of publil
With al r?, our
exporta an
anii
For the week ?
r uston ' ? I
inn?, when
?
g
expon
liilll. wl
? et o* ?
a? to the an
? '
Ilot
? ? tri stworth* It
!
. ? ' lOndon
In ?pile of r
' il show ?
In the latter part
under ? i 79 for
of.
Hrilivh Loan Here I'ut Off.
n\ i .
'
,.,,,?'
bi i h
reta
? , mm
? ? reas urj he
rates,
but ? '
were undei ppeai ed
? Bril
.
had b?
1 '.:. ;., ~e !
LEGAL FOR NEW YORK
SAVINGS BANKS
$40,000
CITY OF TRENTON, N. J.
Registered 41 ?> '. Bonds
Due April. 1945
Population Over 100,000
Price t?> Yield 4.20
VO. Soler Mo.
Inveetns?
43 CEDAR STREET
New York City
Bonds for investment
Mu?
service ror*?nr ? b nids
I itl iii?r>n ap
Harris, Forbes & Co
Hn? ttr?*t. Cornar William
NEW YORK
STANDARD
WE WILL BUYQ ? J i SELL
I ka PI?? LI?? . . . Lina
?o lllln?!? Plu. Lin? | n ft
2b Pralrlf 01? 4 i -
25 S*utlwn rip- l?n_ i ., lank Lin?
CARLH.PFO.7 '-.i i V?? F?iCO.
i ? ? ? i ? \
Phelps Dodge
& Co,
FREDERIC H. HATCH & CO.
M it-,, ni M ?*?.<? ... ?.
? this
Wm.A.Rcatl&Co.
New York
Chicago f haJadeiph.?. Boston London |
it would reem that Ulis forrn of relief
i? o-,ly postpone ! In the eipht moi Ihs
fro-, July t? February ws shipped to
British territorj go? la valued ai
I, \?lrr?* import? were on'.'
i?.10. The rr?nlt is thfit the trade
halrnce in our favor wm? .*? ? -
age in at ISM.OOO.tHX) produced In the
Mime r??'????I ? jrear before. The partial
offset of nur tourists' expend
hiivr hern greatly cut down, nuil I on
don has I financing purchases' in
this country of her allies as well us her
o\? n
The supply of loanable funds at
centre continued abundant ? all loan
were renewed at ?.' pet cent
date nonej was easier toward the end
of the week. Clearing Hou a li
their re
serve, ?nd, with the ?greater r
i
, the aurplua went
. r. to the ?greal tots
of $171 A ?ear ago, ond? r the
former rese?e regulations, sur,du.? eras
. ? - S3 1.? 'i H i. v ><">.
Hrneiitji of War Orders.
Wr.r or lers' ?till oeupiod ?
place in the public mind and i<
?great influence in trade circles When
the Priti??h Chancellor of the
chequer estimate? that in the one
engaigement of Neuve Chapelli
much ammunition wni used at
two gears und nins i I the
Boer unr. even the ?
English niants cannot |
purchase? of mui
? At of the ordnance or
ders
? om.
?r steel com]
? ??
must follow other-? that have n
ceived her.,-- I from abr ?ad to I
a larger ?hare of the dorai
: 1
. that wee -
? try, ha? at leaat
.-i ?tart, und If ?'
erally resume purchases on s
scale thn* tx
? to lift the trade into a
of comparative prosperity.
Pnce.? for metallic copper sn
? ?1 for years. Tor this, th?
- hes the principal cause
pre much heavier, and domestic I
rers are using large ei
? ? In n snufacturing brass -
for tl ?* war._
TONE CONFIDENT
ON PARIS BOURSE
Daily Volume of Business
Increasing but Markets
Still Narrow.
IB? ('?!" I" T- r-M.i:- !
Ptsr!-. April "?> Th.* ftaancial ?itua
tloi in France la marked by continued
even b This
?
The
narrow, i lim?
are
ira numei -, n the
.1 Inveatmenta I I iblie In
. ssell as in
;.? ?.f indue!.
Profit realising has aomewhat re?
duced price? in several departments of
the st? lably in French
national funds, but. these having
? I, ?he l?vela affected have again
to creep up by fractions, and
ng the industrials even by points.
Tin- rally which took t.lac" during the
Iaht two days of tho Week has practi
eally wine,l cut the d? old 3
per e< : ? atea
A feature of trading lately has been
n cor
the g ties, Amer?
ri : ?
quest. All th?
prices, ? .
?
ably I
Rubbers alao ha-, o bean busy. Many
rwai ? ?
and prices have improved. P
I. loo, have late,v attracted the
? on of the markst, bul I
aa in some of *
. such as Russian and Rui
? tig realization? on the hij-'n
? : cei made previously,
Banking shares are dull snd rails ir
r, ln,t at the en?! of the week's
.- sob a Russian industrial? and
certa.n specialties recovered sharply,
French perpetual threes gained to
72 francs Bfi centimes, shout the point
recently lost. It is believed here that.
tho step titkon by the ?government of
India ' ' " ll!'!
li n wheal i ? o bl w ?? ruch a* tpeeu
1'ici.cli expert ? do i o( th h
ihn! tIt,i*? raeaaure i? likely to i '<>?1.
eciably lower prie? ? In tho inter
national markot ?-o long aa Ri is i
?,, ?? ?xpoii the ?? s il * h
? mi, lo? i d :?|i ni OUth. I
throiiKli the do Ing of tl ' ?
route M la remarked I *
? xporters ?re strongly d? fending
what remain ? of th? la ?'? I.
l ir It being r? qui Itioned ?
v, I-,, !?? I ere, even in the n
ahle wheat i ? in? only to b< found now
? tnnj. the I ? " I???? and M
Loire. Demands for millers and the
trade i ?l 1 hal
will '?? ? ? there
keep them
working.
The prolongation of the moratoi
for the payment of commercial paper
and other hill*? by the French govern?
ment la ro doulit a uaeful measure.
?'? ? i -cd under preesv i
quarters. The prorogation of pay
incnts is for a further period oi I
months, and t hs M *
ir. its report puno :,r.t; a I !
journment of payments due, thai
will probably bt th? last ?!. I
rover debtors. At any rute, a hint to
this effect can be read betveen the
lines In the now moratorium just is
(01 d.
PUBLIC UTILITY si.cr.MlTES.
111,1. A .
An t, A T ?'. M * Tr 11
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:
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?Am . .?- r. ... ?X
*?.;?'. 49 L. a P. It I*
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.v El "'? . '
do i ?n 11 . ' ?
,li? lut pf. - I I I. . .
72
:
rol Power.. I. II , ?lo w
?lo pr.f. .. t>: 12 I *8tan 'I A B ? ? * ?
C I* K 4 L ?' , U
do pr?t.... ||< 14 IT Rr t. P I
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I) <>*. v. a f,? ?? |i i do Ih? pre. .1 .?
Bi in h it .-,, re
El H .*_ .-1 pf H ic?o J T ?nh Frcixr.. 1, ;?:
.: it .u n 1 w.Mt Powar ISU :
do Href.... to W 1 do prcf.
?1'ar value toi tES '
WEEKLY SUMMARY OF BOND SALES OH THF STOCK FXCHASGE
The following tsble ?hows (he sales, highest, lowest, final prices and net changes nf all bond?, traded in on the
.New York Stork Exchange for the week ended Saturday, April 21. Also (he highest and lossevt prices for the sears
1914 and 1915.
Total sales for the week. $.12.7 11.000, again?! S21.UMM a a eel? ago and SI *-. 1 i r..00<? n sear ago. Total Bales from
Jaaaary 1 tu date, $2.19,911.000, againsl :>2t..:.7U,0('.i in 1114.
... ? ! ?
Ml h Lois Ai,i V i In .....
GOVERNMENT *ND .MUNICIPAL. - . . ?
> >? . . ' : - .
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KAIL?. W *s\l> M IM ll.lAM.ors.
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1- Air. & I : ? . ? ? \ 1(1: do ? . \ ??? . - .
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?HliN 1 JaA t . ;?i i? i
Executor Trustee
Chtittrad 1822
Tho Farmers' Loan and Trust Company
Nor. 16, 18, 20 & 22 William Street
Branch Office, -175 Fifth Avenue
New York.
i I IDOIf, 16 Owkrp_r Bu, B, W.: 2fi 01'i Rroul Btnti E. 0.
PARIS, 41 Bonlerard Sa-u-anaaa RC :.J,IN. 06 Untar den Lindan, N. W. 7
Travelor?' Letters of Credit. Foreign Eichange.
Administrator Guardian
BANK OF ENGLAND
GOLD FUND GROWS
Total Deposits Touch the
Record Figure of
$627,070,000.
TREASURY BILL
SCHEME FAULTY
Loan of $100,000,000 Likely To
Be Floated Shortly on New
York Market.
? ??? Dm Trtb BM ]
London, April u.">. Tho ne?** plan for
laaulnf Treasury bills brought $30,
000,000 Into the government account
In t week, beside? which payment waa
tiiH?lo for $75,000,000 ??old under the
old arrangement, :?.> that with other
pecretiona to the poverr.ment account
the total of ?*overnment deposits in the
Bank of England whs raised last week,
ill ,i sbursements had been made.
I
? nu
.,"? bills has not bed
for effect on the money market, boa
nth the hugs sroounta
into the ent account
? ; ? 0,000,
toll
a:.> figure since before the ear, and
..???I at
? quoted for
?
of gold ha
. j
rgentins
atill in ? ? " ?
?
?
ir irk ?
lo .. ' '
Y ?i i k on t
.en mor?' ?1
? ?. and ;
?
?. pro|
!
rill In- of a
?elm :
I
?
? N'ew York dm
? ?I , \
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?
POTASH AGREEMENT NEAR
Removal of Germ ?argo
Seems Probable.
?
?
?
i
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-- .
? ?
?
?
?
GLIB WITH H?S MILLIONS
Says He's Hero to
Buy Supplies for Allies.
?
f
?
?
? ?
?
rural .nd -???.? i rity companies.
il fo
-
Etc.)
1
-
STANDARD OIL STATEMEN'
Net Earnings for 1914 Shov
Decrease of $8,477,066.
On? offset of tho dissolution of th?
old Standard Oil Trust has been th?
willingn?aa of it? former sobsldlariei
ainca that time to publish an Income ao
? ? Pi vion < '?> tho dissolution t1
the policy of the company to mak?
its financial condition known onlj
<-?? beet, and f,,r this
I an s were never admittc I
to list on the Stock Exchange.
. i lompany of Ni"*
In ,'s atatement t >t the year
ended December SI, 1914, reports net
' : ?. r. decreaee of
ompared with the previous
year. In additi " 00 '-vus di S
la " ' " r.
again II 13, leu?. Ing
?i, a deer 'a*? ol
11 .;?;,',< 6 I. The eo n i . 't total su??
on D eember 31 tood it 116,701,
691 a real decrease of $68,264,080.
I 'he comparison of the two yours'
income tho report shows, however, that
in 1018 ?.?'n.dinl.i.iOO was disbursed as a
-t?,,k dividend, making a nominal in?
crease in last yar's btirplus account
amounting to $1,786,920. The 1914 not
earnings were equal to 10.111 per cent
on the company'? $73,000,000 stock,
against -1.61 per cent earned on tho
same Ft? ck the previous year.
The balance shset ?howed ensh and
account? receivable to be $10,914,812,
a decrease of $6,238,021, The company
? '1" iting debt.
BANKS FEAR EFFECT
IF WILLIAMS WINS
Afraid More Annoyances
Would Follow Defeat of
Riggs National.
[Fro? Th? Tri B
W'sshingto 25. Tear or the
ihould
Skelton U illiama, ? ontroller oi
? which
; a I.?i i *-;l* ;,>
expressed
. of mini.? in writing
?.'.., -'?. ngton.
that if Mr. William.-?
iriCt? in this in
junctio ? may go to ? ? '?' lengths
:? de
? -
Despite
m? n higi in the adi i ?n are
Com roller
? ack on "' ig
? ration
I juat now. Presi
anno inei ! at the cl?
to be
dation
?od."
.', illiams on
i ter ?
? . no\
....
i irtment of
:? , irtmenl in
? of Mr. lin?
de by some
? o have !?,? ?
I a.en decided not
Mian
ll ;o::a<
- ional < ' t v Hank of
Whil bank are
. by those
by M r. Will?
?leased also bj
? ? i- of President
. ition, r? gs
show ing thai the Pi i lid? nl . i by no
certain that thi
ing of
OIL FOR FERRYBOATS
Plan to Shift Fuel for' City's
Fleet Is Proposed.
I C? ?:?" lioner .Miiiih i? consid
foi the mi , econ
operation o
fei i \ . r the ferrt
?ted. is
to an oil bui ner
iserted, would b?
11 per c? nl I?'-- cost in the
i ' boats. ||
? ?,f firemen on i
- ? ? of ? oal and
the oat of ti irking it.
RAILROAD "EARNINGS.
?'?. - - rail
roi I- making weekly r? " lun'a
further' in
' ? ? ? ent, continue in
' ? ,. of load.?
weeks in April
' ?:. a decrease
i with the
? ago.
still consider
: by most of the
t lit - igh Chose
Mai
gain, ?m the other
ir to be gradual
the i ids .n the
'., ..,:.
; groas ear
"' I-nil : States ra Iroads reporting
n April, a . .
?
j- period h
? ? that repoi a .
two ]
ther with t1 ,
?red ? ith last year:
\ ' ? I ' ?' ?
i?
?.? - .... r..a,..
!
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The
Mechanics & Metals National Bank
Announces Its Removal to
29 Nassau Street I
PRINT CLOTH PRICES
ADVANCED AGAIN
Ooods on Active List Up -'-jC
with Buyers and Maker?
In No Haste.
Fall River, Mas*., April 25.?The cloth
markets were active last week. Purin;*
tho closing day of the week trading
?vas mod'Tato because manufacturers
n-d buyers were apart on prices. S lies
?ng the production. The total might
easily have oecn lar?ror had mill men
ahown a disposition to p.s-ent to quota?
tions named by prospective buyert
Prices of lioods actively In demand
have h'-en advanced an eighth of B ?Sent
?-.er lust week, but manufacturers are
not satisfied. Cotton h.'.? continued to
advance, and they an? looking for still
prices. Buyers are not willini*
to make further advance*? in mices and
arc convinced they can obtain few addi
il ?.roods unless they aitvance their
Manufacturers hav? the product of
mills to and into July well sold
pnd have i iuo made sales or. contract?
against r*?iods in stock not wan',
They obtained plenty of
? for theii
roe from pressure to n II.
nave covered their nearby needs and
thout too great saxietj await
developments along with manufacture
-. . ? ? the demand
week has been for June. July and A ?
. with some bidding for
contracts to extend into September.
Total sah
? 0,000 pieces, of which
quota
28-inch, 64x64, i.'ic, noi
28-incl
27-inch, 66x?fi, Zrtc; 27-inch, ?
? '. .'-inch,
WEEKLY CUP3 TABLE.
INDUSTRIALS.
.
a I ? ' -a
I.LjO A Papel ,
?
?
d o pi
?
?
-????. ' .
' i alar :?( 11,
?
a
150 pr
? - ?
i
;?.
? >? i
? Mai nl of Am. 1 , ??,
nait. IA '? ??
' .
rj
;s do pr.
.
Hear ? . ? '. a -, ? '.
i 3 3 '?
I
??:??? S.
'. Il*i
Ira I*
I..200 '. - . r. 4- i
STANDARD OIL SUBSIDIARIES.
\ IClO-Am ' '.' '" a 'a II a ' "J
, ? ? 1
? ? I' !....H-, ; ?. W - 4
? t
i 231 : ? ?
...
4 ' Mml cri m i c i. ?
Ti i..- ... i i* t.. ta : -? : ?; - I
. - . . . . . ,
... ...
!? I. ? 1.136 ISS I3S
? ?. I- liana P I, ..:?.: 100 100 a
Vat Tranml ?
3
? Mortl em P L '?* - i
::i ohm on
net, l*Ji I .
Prairie V U m I I ? -3
I
?'
i i. ?
4i? nun <i of ?i 3
i ' i .
i -f..t Kan
M -
.??!-'?- 3 ' ? .
' S
I* Vacuum i)
MIS! KM.AM.Ol S RIGHTS.
'" - ' . ' ? , ,
1 - J ' . . . -? '?
MINIM..
? * . . . i : , i .. .
13.?tOO All '?'
- '
' i| i"'r . ?,., ?'. >.*.
*
??"-.'. .-k i
< i ' -a
*
?I , , j ,
'
? !4'4 |3
?
3.1 3
...
? ? :
1,700 'leiun.ee | |
't \
' ' ? i... IS 14 1A rV I
? ? ? : Mere m it ^':7 - >,:
i
:
-
:o i?? ?..
? ? S S fr.
?V K .">'. -I? _ 4
. ? * '
II?.
- me iA i i*. - ???
? . v
?
''? -. ' 'i ? 1
-? * ... 3. 33 33 _ 4 ?
" ? * - ?*r Pick .... 12 '.:
H ?, ? %
i . ?. ?. .. _ x
i ". i", ??.
i titioua .. :i ta -: ??j
19 4" 1
:? ??. s
? O Of N?*. I a t'-. ? . *.
. .? -s . ?, A A
?, _ JL
???? H ?'. 'a
. t-, ?'??? t ?~
n ?3
*? T f.n,
' :??>. '. m. 3 ", "a '?
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ROM)??.
! ? " . . t ?^
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? ?-.ten*, l'ao i?. 3?.?? mt\m Mi? -r 3'?
LOSSES IN PR?VATE
BANKING BUSINESS
Reports to State Superintendent
Show Decrease in Resources
and Deposits.
Albany April 23.?The private bank?
. ing bus.ness, which was placed forth?
fir?' ?..me under the jurisdleties of th?
State Superintendent ci Banks !??:
.-,... - ,,. <-ri,!n-,! ? hail?.? d^ ii???ai ,?
meet ? lions in 'h" new bs-ik?
mg law.
The reporta of the i as
rats banters h that
from December 24, 1914, to M.srch 19
? :n at
ereaaed from *
I h i?m?
period aho "1. th?
? M ),I4la
The total d ? .<- $?.
245,2)39, a di ????
'i he figui ' .?*:
??
.rr.ta
Pul I
I" Il.
I
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Due I - i for
?
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BANK s I in ?\S.
NSW YORK CITY IAN -
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Evansville & Terre Haute
Railroad Company
( r.t ?.-4I1.?, ni Mu .(?????.' lu? IVr fm?
?'?nil?. Due ?pr I i i ???'
In vl?nv of th?
?
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