New-York tribune. [volume] (New York [N.Y.]) 1866-1924, February 18, 1916, Image 10

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New-York tribune. [volume], February 18, 1916, Page 10, Image 10
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 18 Feb. 1916. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1916-02-18/ed-1/seq-10/>

Newspaper Page Text

100 Years of
Commercial B?inkin?
THE
City ol N*? Yerl,
Capital & Surplus,$5,000,000
Resources, - 70,000,000
Cksrtei Membtt S. Y. C\tttin% Hoatt
Membet Federtl Retetvt Btnk
' nited States Depositor
192 Broadvv?.
Cor. John St.
BRAN'-HlLS
Greenwich end Warren St?.
Bowery end I.rand St.
345 Grand St.
Fifth Avenue and 14th St.
Ninth Avenue and 14th St.
Fifth Avenue and 20th St.
2 West 33rd Street
1,7th Street and Third Ave.
86th Street at Second Ave.
Broadway and 104th Street
Lenoi Avenue and 116th St.
125th St. and Les. Ave.
Wi Invttt Your Accoun:
BARUCH
ROTHERS
St%9 1
' 60 BROADWAY, NEW YORK
Ilnnklet Sent
I n c tin Request
ODD LOT
STANDARD
WE WILL BUY ?J V.F WILL SELL
H Ohio Oil | 50 turak* P. L.
25 6 0. Ifitf. I 50 Prairie P. l_
25 S. 0. Ky. B IB*. O. N*? York
50 VaeuuTi Oil Lr : * S***" *? """??*
CARLH.PFOR^EIMER&CO.
4- 4 : - ? i ?'? -
, i.ntin tl. n, K??B? * 1 ?far. 4 1,111. a I'fd.
Iliihitt, la1N.it. I'frl.
I a-.ler,tl lit.1., t? Irtart. lorn. * I'M.
v.. State? Powei < uni \ I'M
-ti4i*.i.4r,i ,,?? a UeM Cea?, ?t rM.
ha-.iiiiii.an Riray. ? i iK??t < sas. a rr?i.
FREDERIC H. HATCH & CO.
I'hona Hroail S140. SO Brea?. St.. fMtm Vori,.
privai* ? . , a ? a
We Will Sell
$5,000 Aetna Explosives
6s 1945
H.F. WcCONNELL & CO.
??". 1'ina SI? I r I. ?util .l'.hn N.-?r ?erk.
Wm.A.Read&Co.
New York
Chicago Philadelphia Boifon London
ODD LOTS
t *-*?*? Mare ?? RteSee Be?
. i. r il i? ?
?
Writ* I ? iXort iR-1, 2 ?
MERRILL. LYNCH & CO.
i- ??
iafien V I r
M,?\ .OKI? i.i moil
ANDR1.
? Mil \\ II ?II I II K A *a?l\
'
?l??M> \? I I It 1 ? ?II? I IS1
I ... I I A H. ? ?????? *a|.,
I
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I l\ Wi I M Ml I I IXGS
I ?I III St?.<,<l?lllp , i.ii.|.,iln
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Dit ID1 M? mu i. i -
SOUTHERN PACIFiCCOMPANY
l?l\ IDEND NO. 38
?... *na Hollar a
at Ina J
*? 'i
1 ? ?
?
. -
?
?
Ni.KK'l K I ?? I -I I i;n K.ill u X? . ..
? 1 . , ? a
? ? *_,. #
?II Kill M II ?I I K I l-.nl*. I I ? I?
?
? -?. - )4 per
??
-
, - . . -/ l. -
li J *? AKI ' ..t? \ Irai. ?
MARKET NEWS
AND COMMENT
A Few Weak Issues Under
Traders' Pressure in
Late Trading.
IRREGULAR CHANGES
IN DULL SESSION
Early Selling for Short Account
Brings Out Little Stock?
Liquidation Decreas-ts.
Then* was less sppearaace al llqul
dntion ::, jresterdajr'i stocl ssarket. aad
prices generally m a ?le irregular changr.i
of email fractions on th,- day. In the
saris tradir.R the abort latereet found
that aelling brought no important In?
crease of offsriBfB, aad in tho after?
noon such pressure a? ??a?, exerted
?BBS against particular Issues that
?ernieil disposed to ?? cak. in. Ne??'-?
from ' - of negotiations over
oa had i'ms nat
r ? ?
? | be
lo?s half n million shares. Prices,
howev? to folio?*-? il.e changing
tenor i
tmeh n tin:.? oi \?.ir in re farther ?-m
frena Sere
ii a confereacs te aid In hi i gii :
about better observaacs of iateraa?
tional !u*.v l-y ?".r. ?it Britain. Tins eras
not looked upon litre ii? serleoaly suq;
gesting that Bw? '- l?e drawn
Into the conflict. As in the case of
so many other peaceful power?, Bwe?
den It? doing s large bu*?ine?a becau?.-?
of the war, as well a?. SBfferiag incon?
venience from this source, ana a con
.?lderable trade for Rassis passes
through Bweden, which that country
would be loath to lose.
Had it BOt been that the German
Bubn lion has grown rather
e, the re
I announcement ??f the German
Ambassador that it i i been
?
? get ' -
rae as a
I? tnacv
ed. It ?? i
the belief l
? ? to ice
concessioni from Great Britain, Ger
ally furnish us aaaar?
would
acceptable.
<? OV.T
tl ?" pi
Canadian
" ?
ou Tu held u
gain to thi
ere ii tl
In the * ?
?
- - .?
? on the day. Some of t
. ? alingi?,
ira than -'
. .-.t d a few othe?, of th? equip?
ment, oil and automobile
fi om ; to 3 poin?
more. The cupp*? itocki were steady.
German exchange g.??e further evi
dence of weakn? ' ill l.o indi?
cation t?f * which
?
,r marks,
? lower "ii the day. Ster?
ling and franc- ? ady. With
? ?
nd wi?
? . ... ni' more
bullion. I
?
? r. ho the reaerve |
tion roae more than 2***i per cent, to
27. In ol
. -..-,- >i.(iiii',iirni to it ?
to ?on.
?VER..GK <>? TH1 TRIBI **? I - I l-r
tl 1 ll-l I I V K ?II -
I rl.ruar? I 1. ? ? -irr.I .? S .r I II..OH
I .l.r.iiir? HL 11' .
,:*<? ?a.-.l. HR.?. 1 l'i.'i*'i
?It*.- I.tl.l? I . I II?" I IS IS I
our ?.;.r .in?. . 1"! BBS
Hl(h fur .iKininr? .IttJUS
I ?ii? fi.r .liiimary . 111.Ml
High f.ir l??.r*iilirr. I : I, ISS
I ..? f.ir Kr? . inliar.II". ~.\:
lli.li f..r Nu?, nil., -r . 1 ?I.4SS
I i>? fur \i.?<-ii.l*er.I17.SS1
IliKli f??r ,?? t.ilirr . 188.84?
I ..?? fur Ocleaef . ISS I M
High fas BeetSosahcr. 11 .'.??is
i ??i? f..? Btsaesaltei. IS..S8I
IIkIi fi.r ?*n:ii?l . IBS.IS]
I in? f..r ?ItlgUBl . IMJM
High f??r .lui? . IBS BaM
I .,.? r??r .lui?. mi f?l?l
High i?-* .i>.4.4- . m> ; 17
I ,i?\ f.n lima ill-. V.
II,uli f'?r ?I.i. . Ill IS]
I ..,, f... Ma, li'l ItS
High ?m? ????. , ISIS i i 11I
I ow lull ? ?I ?"I i"-'
High, i..n ,?? -n i>ii r.'ti iHi
l .n? full -real 1811 IM DBS
\\ i l; ?..I ,*i I ill ' i.liii M - i i-i
,.i i \\ ii ? i im.i ; i;i ?i -
i i :., i. i, \ i . r.iii.i.i. - i lu?. BS.S :
i.t.Mi.ir? IS S3.1SS
?gO I I 4 I L
our ?in,iii* aga 84 BBS
un. ..- .t age . . i :, i
High .t I in.i <- ? .
I m* tat .liimi.tr > . **i IBS
H Ig h f..i l>? . m'.? i ?- : oi
I ..? f..r llr. .nil.. . 'i I : If
II . ti I r Si,4. nil., r S" II* .
I ..u f.r N.n. nil.ri I
i : ,. i. fi.r ,.. t .I.4-I
i i.? f.n i?, tohei . :*i HI
High lu *?? plember .
I . v. f .* >. it.'ii.iit-r.
High f??t tugas? . au-y.it
I .,? 1,1 ?il.iial . BS, 1HH
H ?ii i..? lui] . SS.SBS
I ???? f? r lui? .
High ...i tmmm .
I *m f i lunr .
High f?r May.
I ...? fur Mai .4 111
High, full ?...i IBIS . " ' ???)
i i ?, ... ISI SB .i '
High, lull ifJ' I'll ?1 ?l.l
I 1INI 1811 '.. 4 .
NONE. AND ..XCHAXGl..
?
- . : -
'
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?
|
? ?
?' .:? 4| BVS DIP
1 ? -
- i ?
4
?
NEW YORK STOCK EXCHANGE
THUB8DAY,
lotnl ?..?les of stacba '1 Inn-,'.i ? ,
a week eg" seed ???J.tUM) a >rar hro.
s.i.'id ?nu a year ne.o.
?'u
_ i Mild
?. .dams Expr? ? ... 1""
Ma?',,? Gold Mines.. .. M""
Alaska Juneau. IrtOO
k\ ? < halmers . MO
Allia-Cbalmera pr. 1,400
Am. Beet Bogar.. 6,70 l
7 \tn. B. a ?t- F. etfa.... ion
Am. ?an . 1,100
2 ?m, I :?r I Foundry. . . 1,400
\' i ? aal Products ? WO
.m. Hide <*. Leatl er.. -'";|
km. Hide ft Leather pi ",:l
Al i. Ice Si'Cili ities. ...
im. Linseed . """
\tn. I ocomotlve . 1,200
I \ei. Sm? Iting . I WM
| pr.' BOO
\,-i. Smelting pr A.... 100
\t-i Steel Foundry
FEBBUABY IT, I.
4 71600. agataas .vi.io? Wedaeeday, ?-MH
' , ron, January I ... date, iMNM ?r.?'?'*?
un..tutu,it Kani
Open. High Loa I; [nal
I Net
chge.
tl.
un', in P. 101 Vi
7 IXm. Sugar pr... .'..... 1(:'' 117',
^^BBB^BBBBsaBBBBBBBBBl^Ba BBBBBBBSBaVsm 10
20
\m. Tel. & IM_
Am Tobacco ... . ?????>
Am Woolen ctfs . M0
v Woolen pr rtf?. .. 100
Am. Zinc . 16,800
?naconda .I St..-"?.'--?'??
Assets Real Co
I \ o (Ml.
?; Atchison
?
too
200
uno 102
6
7
10
4
: 66*4-1
_ ?I ?
on pr!!.". WO 101% I"."?
Baldwin Locomotive.... 21,800| 110%! 112 '
Balda in Loeon otive i r
Baltimore ?. Ohio.'
hem Steel.
Brooklyn Rapid Tr....
li!,,? ni ' .
Brown Shoe Co pr.
Brunswick .
I Superior ? .>p.
.i i Petroleum,
100 100 I""
1?00 H6?s
100 !?'? . ?
Ca?ada"'Pacific. M? W* l?.t*
2 loo
B0|
Case, J. I., pr.1 100
? entrai Leather. 700 I
tapeake ? Ohio-! 8.H1" '
Chi. t.t. West.: 100 i
?i Chi., M. ?t- St. P.
7 Chi., M. ? St P. pr_! 200 li
7 ' hi. & Northwest.,
? ?.(., R. I. & l'a. ...
| C. C. i St. L pr
B0 i bino Con. Coper. 1,400
Chile Copper. B0C
net? Peabodv.; BOO
Col Fuel | Iron.j MOO
imp.-Tab.-BM.! lOO1
7 . oneoL Gas.I MMM
E Cone. Curt.! 70O1
nt. Can. pr.'?. 400
!? Products.' 1,200
1664 167%
h.',7.
:,(." !.>?,.. 128*/i.| 128
It
IH%
pr.
9
10
20
Corn Products
Crucible Steel
- ?'?*! pr. .. .
. Am. Sure'.
Delaware & Hudson..
D., L. ? W.
Denver ? R O. pr...
Distilling Securities.
Dome Mine:? e* div..
.
? pr.
Chemical pr. .. .
??Electric.
ton pr.
, drich, B. V.
Mining.; 1,100
Gt, Sorthern pr....
': Gt North, (?re. Bubl
genheim Ejpi...
', Gre? ne Copper.
7 a Homestake .
Agricul.
- - Int. Agricul. pr.
i ? ,"..,ii i opper.
Intcrborough-l
,'. Intel (?ti. pr.
Int. Mer.
Int Mer. pr.
Harv. of M. ?<....
2 Inter. Paper pr. 100
Int. Nickel. 12,000
Kansas City South. .. , 400
Kansas City Sou?!., pr. 100
Laekawanna 8tee l. 100
Lee Rubber. 6,100
Leh.gh Valley.
Lorillard, P. 100
Ile ft Hash. BOO
Mackay Cos. 100
' Motor . 6,000
lotor 1st pr, ....
Maxwell Motor 2d pi
? ! l* I', ?,t. Store;. 100
Mexican Petroleum... , 12,600
n Petroleum pr ' 100
M ?ami Con. * lopper.., 2,400
Mo., Kan. ft Texai pr. BOO
; Pacific. BOO
Pacific ctfs... 600
4 I'ower. 100
s Power pr.
,'. I -, ?
Cloak .
National En, f? Stp....
200?2234 223H 223"?I 223H1? 1%|
.<?'? ' i
_^_
-17 -17
' i
-
115 115
!
: 114 -1 I18H
71*. 71*. '? 714
D3*. - '.
?
6O0 120% 120*4 12(1'. '
1,600 454 4.",'.. 454| 454! ?
100 214
800 47
300 l'P,
21..?
',7 1.
:
. 22
100
n.si.o
1 1,600
11.. .
20
i
10
10
100
- 1
100 73
200 1134
'.'..o ?p.
M'?, 51 61%
107*4 l" '. 1 6
11'-. Il'? IL,
-
! ,
7:< 7 ' 7::
1 l.i', 1! :!. 1134
- -
14
_ **?
^mm\^t\^tm\^i\^i\mmmmn\\. ? ?
100 11 11
30
ll.(
.-???4 .:?
7 27
- ? . ? :
?
1.1 no
.
100 103
1,400 11%
100
n ,,
poo
100 |l
100 03 %
900
li,n
?00
Nat. R. R. of M. 1st pr.
N'cvs ' ? ' l opper . 61 I61.?
V. Y. Air Brake. 1.4
? ? ntral . 2.200 105
W Y.. N. H. * H.
N. *1 .. Ont <V Pe n ?
ni....
- | V, (
Northern Pacific.
?o Silver.
Il.
R. 1!.
Peo. Gai A C.
Co.
C. i St. I.
full ' n 1st pr.,
irgb Coal.
i oal pr....
Pitl Steel pr. et d:v..
? 1 Steel Car.
- .
er pr.
f urinf- pr. . ..
Con. i per..... " """ 2 i
. -
.
.I 1.9
Re p. li,,? ft Steel pr . . 10(1 110
d. 100
Rod Island pi ....
S1 Loi ? i 2.600
? ' ' pr.... I.li
Ur Line. 200 i 7
ne pi
Railway ..., 81
la il way pr..
. .. *.. 0.1
? ' ... ii"1 7'
1
pr.
R T.
? . fie . 8,1
r ...
?
? i i ?r ,,' im 1..
im. pr 200 11 '
i ? ited Fruit ? ? l?
2
III. 1 1-1 11?!
7', ?'?. 7'.
1, ?? 17
17"
? - .
im' :?? (?g
1".'
:
:
I
I .
t. pr..
P. ft F,. .. v
P pr.. i ?? 19".
(.oods pr.. 10?)' ?ji"
I
:
?
.
11%
. 116
? '.
.v Ref. .
? r
1st pr.
m '
II
54 100' ??"?
Steel pr. 100 H7
. Il'.i 00 M*?
? S '
. | ???,; .,: pr
.
.
B .
? ' i-\!and.
? I....
I| ?'.- 6.K0O
rth .I
6 w . - ? rland .I
'
! - IM
1,11
?
< ,\ erland pr
00 104 . ' :'- l< I l"l ?
? ? i? :??.?. 4.
4 I
?
4 i , j
. ;
I
? | i ,- . v ' *' ? .
? ? 1 -
??4.4
4'- , . s .: l
! -..
? .
1 4
1 ? - 4- ?' ????
, . ? . . ? a ?? : - . I ?'
4 .14 ? - ? ? .
?
I I
U. S Treasury Finances.
, . i.
?
...... . .
' ? : .
. . . . . . .
BRIEF WALL STREET NEWS.
|>i rir t ..r ? of Hie A'Ii.Mii- COM? LIBS
Railroad ? ompai . i l< '*''
ii i Hiot? to the board a meas?
' i,. ? of il.i'.*.Bmltt. I
,i , i.-ii, l m placo al 11'?' late
AI? .;ii,?i? r Hamilton
\ aggrl rly .ii. Id? ad ef I pet etBl
, , |...rn .1? Hared b? 'l"' South Psbb
Oil I ompany, payable March II '??
: toekbold. r of n eord, March M Th
comparei with *i pr?-?-.Ii bareemeBl
,,r ,t ,.? i .. nt Bad mi ? itra dl?IdeBd ? f -
p? ? ? ? at _
A booklet baa been prepared by I.*?- !
marcha -A- Coady, giving fact? about
m..in than tlntty loduatrlal and ord
nencs eeaspaala i
filTiciitl announcement wa? made yes?
terday thai stockholders of the Aetna
Kxplo : - I ompanj have taken nearly
...i .,,.. cen? of th.- I lo..i h.i"
common sto, h te whli h the) were priv? ?
ileged to ' i 'I'" Bader
th, real
Btoekholderi of the General ? hemiral
. ompanj ?? elected Nal ""? A.
Ilowar?! a dirtc or, ta sB?eceed Gfor_e
F. Willett, retired.
CURB MARKET
TRANSACTIONS
Business 0,1 Much Smalkr Scale
?Industrials Fractionally
Cha ige* 0.1s Off.
Trading in the curb stocks fester
?lay ?? a I ;:? ? -f ! v i educed and ?h '
. - misgular mi 1
!? 11.il quo ??
- induitriai t ??. re :
the ' fractloaallr
changed from the previous day's 1
?tur figures Midvala Steel at, its low
., full point dn\i.n, but snded
with a fractioaal gaia on the da)
Aotna Explo ?vea, when Issued, ami
1 Lake Torpedo Moat each inaile ?mali
BB Car and Fotintliy.
eommon and preferred, ende.j un
ehaaged
The more important oil storks dl*V*
1 teadeacy apart fro-n
Ohio Oil, ??Inch rose 5 point.? on 'he
day. Pralris 1'ipe Line lost ?I. ?*-tnn
dard Oil of iTJgliforaia, 2, atul Standard
. f Ms ? ?'ork, 1. I: erease 1 activ'ty
???ns seen in a few of the mlseallane*)ui
oils, though ; r:r?* ehaBfes generally
were 1 Coppei
i.- : generally iirm Mid
vale Steel convertible 6s made a fr.v
des 1 .: ?
INDI STRIAL&
? . Iy?w. lasat
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WAR COST FRANCE
9 BILLIONS IN 1915
Exclusively Military Im?
penses Made Up $6,
490,000,000.
RESERVE HAS GROWN
TO $3,700,000,000
LBTgt Advances Made to Bel?
gium, Serbia and Greece?
Financial Future Serene.
By TVES COTOT,
t.-Mlnhtti- ?I Pu"lc W0-.1. IMlar "L A|?ic?j
Issasalsas *e Meas ase?**
III? ?til.? to Ttw Tnt/uriaj I
Taris, I'll). 17.?The irovcrnrm-nt
heis put forward it?e bud>-et for the
second qiartcr of tho yetar one- in
exp'anation lias showed the tt.ta! cost
?.I running the country from the be?
j-inmntr of the war to the on?, of
January, 1916. Tho tota! la .i.tir-,
000,000 franc?, of which excln i'."ly
iiilitary expensea comprised 82,450,
000,(100.
Interest on the debt was 3,1210,
000,000. Payments to those <i? pend
ent on men taken for th?; army
amount to 4,Kill,000,000 and the ptf
ernment'ii purchase of food for the
civil population 180,000,000. Other
expense were 3,008,000,000. -Vd
vancs to otehr power?, not including
Russia, were 702,000,000 francs, of
which 502,000,000 went to Belgium,
166,000,000 to .Serbia. 6,000,000 to
(.reive and 400,000 to Montenegro.
The state of the treasury at th.
, : ,? ,,f 1915 ahowcd the advance", of
the Bank <>f France to the state have
increased only 1,176,000,000 franc-s
an?l bonds of the national defence in
circulation have increased only 5,
57 1,000,000. This shows how far we
are from havin,* used up our re
lerves.
Meanwhile, from various Fource?.,
Including the bonds of national de
?i nee and treasury bonds sol?! in
England and America ami the $500,
000,000 loan put out in America the.
government accumulated a reserve!
,,f 18,500,000,000 francs, which en-i
sbled it to keep well ahead of tlio
teeming necessity at the beginning
if 1915 of ?Irawing heavinly on the
Hank of FranA.
One aeea from this that the finan-1
citl future of France remains seren*. ;
ON THE CONSOLIDATED.
.gain the market on the? Consolidate-d
Exchange was aocertain In Us trend.
ilarl** active, more
than 11,000 shares changing han,Is. It
went i. ros? to *?-'?. and
? - larine preferred
touche 'la ! then ail
vanced to 70V.. Studebaker closed at
m loa.
66*4, I nited State ? Steel did not to
Mexican Petroleum sold
la bigfc ?? I07*i.
mix KS.
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National Lead Dividend.
' ? ,? I . ?r?i
r?' .'? 'i dared a quai terls
l pei ? ? . . .
,i g common lay, placing
an :, i !.., , g-nce ?IJiQ
the rate ?;,- red leed fren 1*4 pei
.'i per eenl bas been paid. Besides mak?
ing lea.i pat:, >;?.,.,| u. th.- D
ipnel ?.nil atber in? ammunition,
the eo ? the United
?y, which ha, ? mini i
bcr of \?.ir orders. I
Executor t-,.,?
Chartered 1822 rU!t*
Tlio Farmers' Loan and Trust Company
Nos. 16, 18, 20 & 22 William Street
Branch Office, 475 Fifth Avenue
New York.
LONDON, 15 Cocknpnr St?, 1 W., 28 OM xtioti 1** | Q
PARI3, 41 Bonlevar-. Eanssrosan BERLIN, 66 Uato d-a LV.ia, 5. f,
Travelers' Letters of Credit. Fo-j.gn Exchange,
Administrator Guards
Our ?s at the disposal o? manufacturer.
Foreign an<^ n-crchants, for the transaction
Department gfbu3?ness " a11 ^arts oi the "wU
r by means ot our acceptances, im?
porters are facilitated in their un?
dertakings. An invitation is ex?
tended to those contemplating the
improvement of their ?oreign rela?
tions.
The Mechanics & Metals National Bank
OF THE CITY OF NEW YORK
20 NASSAU STREET
Deposits (Dec. 31, 1915), $203,000,000
STOCKS IN OTHER CITIES.
MOSTON STOCKS.
Halt!?.
ii in in.?
upan. Hl|_ la"?*
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JAPANESE BONDS
ACTIVE IN USm
French Favorites Quiet?Rubb?
Shares Steady?America*!
Issues Lower.
London, F"h. 17. -The it,.- -*aj
Inactive. Th* i
'.*.-'. t?te ._;?' ..
Baal Prases arei
i UM ne
?
an,i ether Frei tea, J."i>
bonds terer?
? lot? i
new war loan ruKeein?i
'? T? : ? - ;'?? .
? srhleft erile.
The Hank of Km/land told ?10.0C4 :
bar g-old
?
BaVhri '
? ". b?*i !??,??
nu'tit i . ?-,i ai,
1.76V? Money loan?
cent. ? eat t:.
three men? ? psj :???.
Gold premium a* Lisbon iui.
Pari.?. Fob. IT Pri a. ven nte.
en the 1 ir intet 11
s?
. ? frai
I umhin ? LOSING PRICE
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About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], February 18, 1916, Page 10, Image 10
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924