New-York tribune. [volume], April 18, 1917, Page 10, Image 10

About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

Image provided by: Library of Congress, Washington, DC

                
Weal t h Mar
kets and C o m m e r c
Preferred Stock
Or?
?- - i ? '
I
To Yield 6.86%
Circular on Request
W.C.Langley&Co.
Investments
1 15 Broad? a**- New Y?*rV
Tax Exempt
in New York
Legal Investmenta f-*r New York
Savings Banks anr] Trust Funds
City of Albany 41/4i
City of Poughkeepiie 41 ?-$
City of Buffalo 4-4s
Hempitead School Dist. 41 2*
City of Folton 412*
Price* to Yield
3.90% to 4.05%
E. H. Rollins & Sons
43 EitHnDg** Placa, New York
1 tl JJtneivtr "*
?loalon Pan rraartooa l~hl<n?-o
>
Investment
Bonds
Rhoades & Company
jr*-m?ar-* Mm* Tertt ?tora Baustuanea
31 Pine Straet New York
Onr Cireajletr ea
Chesapeake
& Ohio
-"?aert*-*?
* i:.-"-4 trj.r-.ial etatua.
1 l.it?-ra" appropriation? f*r
aeau i- pruT?m?!iia a-3
-n-L?? '-t.*-..:?.
I Va ..? -, *-a*,**o outlet
a ?a be -uipp'.lad.
? -.?ri'if 1-1? em rtf-A'at
A. A. Housman & Co.
r ! -* ?r?% *?* T-rrA uj ga
I V--? ? ~\ > ettca >**?'-*?.? -.?%>
HsUa? -I **? *" ' ?**? * a -*-.- i ?
I ?.? - ,. fr-,1 . . . ,
<w ? 1. ?nl of Tr-ula
20 Broad Str---et, New York
IIHtM ill-**:
a f-aat 4M M. M \V?-?I KM at.
jiiiiiiiiiiiiiiiiiiiiiiiiimiiimiiiiiiiiiiiiii?
j Safety of Principal j
wlt?
I Assured Income |
"Z I artful ln-i??ator? en& Inatltu- z.
S V ,r.? ran obtain a w1<*>-> e?"-'.?<-tl ?n ?
"S ? * ??'?: -1 Mai '.?'pal Bondi In o-.r ?
^ ?: ? ?' . h? liai ln-'.ui-a la- ^
~ ?? 1 ? " - : a '. I a- S
~ f ame i.?, ? ? * ? te "Meara ?
*?*; . .? ? ?..?? ? ? ?
? -; ia Baaka ta ta ~
? ? ~
E ?n<f /?r ?ond Ust \\~72 E
1 W'N'amR.ftmpton?(p. ?
Municipal Houda
S Oi er m ? , ~
il Wall Mifft Kew York ^
E I"- 1 ? ' ? v ?:l ? .f, ?
?rilllillllllllllllllllllllllllllllllllllllllllllir
Henry Clews & Co.
11. h. ta h ?-.' 11
mi ?MM? 1.? N V MiMK BXCHANOI
Steckt, Boedt aiitl la-tttaaaat Secaribti
teviflit and ?old M .omniiiiii.it. AUu ?arr.ee
?n cotwrr-.ativ*' t-im?. Depot?! Accoaati it
.mtd tul j*. 1 la li<- k al tigKl.
letriett |>aid en ?M.'.y balan- ft.
I- KM
t:: ruth a?* tti ;.
Jl mi .-mar 1? Worra., 9-.
?( t'a"*B t .-? a x? Ceurt at, Bml/a.
Finance - Economies
WAIJ OFFICE: Telephone:
Y ? ! I 8t Un
?'-...4al of the duty o? I cen? ?
from
wheat ar.d 44h' at
1 the
i? .irk? I *" h tha
rtanl ways. In the
10,000,
follow
Bait: it?re . 104.000
. ?...?nui
. 2.30
. B.000.000
. 2.500.000
. 1"
.\!1 this wheat : -
?Seen sold
prevent the owners, ?f they find ?1 to
advantage to ?lo so, from sell?
ing any or all of it for don ?
Bumpl
Th;- actually l e ?
sold in the domestic mark?
doubtful, since the theoretical ?
n bushel which the re?
moval of tli?-- duty implied
: by the day's ?
movements In I
peg, on -which t1 ?
in this country
tivcly, is based. In Chicago ?
for May delivery sold from
down to J'.VJi ???. and closed at $2.24,
a ret decline for the day of 11'
a bushel.
AI Winnipeg, on the other hand,
the closing quotation for May
? was $2.28, or practically un?
changed from the day before. As a
result Canadian wheat, which on
Monday was selling at about 7 cents
discount under the American prod
uct, is now at .1 premium of 4 ?
a bushel. Thia, according to e\:
in the trade, is about as it should be,
since the quality 01 the Canadian
grain is a good deal superior to that 1
recpiired for delivery on ?ion;
contracts.
Owing to it? high quality, it is ex
; ptpded that American millers will
, find it profitable to grind considera
. ble quantities of Canadian wheat for
! domestic consumption as well as for
j ?export. Meantime, a larger portion
of the grain now held at Winnipeg
' and Port Arthur awaiting shipment
at the opening of navigation is ex
1 peeled to move toward New York
and other ports on the Atlantic sea
i board, and traders on the Produce;
Exchange anticipate that hedging
j salea against increased quantities of
] wheat pafFir.tr through this gateway
' will greatly enhancee the import
of the local market.
Quoted rates In the time money mar?
ket 4v??re somewhat easier yesterday In
the shorter maturities, especial
loans based on industrial necuritie? aj?
i collateral. Banker? seemed more in?
clined to Increase their commitment?
and the larjrer offering-*, 4vithout any
marked increase in the demand, eased .
the situation. Ninety-day loans on a
mixture of r*ail\rsy and industrial col?
lateral were quoted 4 per cent yester?
day, a-?ainst 4\? per cent the day be?
fore.
Call money ruled at t*m per cer.t,
a-piinst tht the day before.
Ruling ratea on money yesterday,
compared with a year agn, were as fol?
io-? s :
Yesterday. Year ago.
Ca?l money.... 2'4", 2 ?,
Time money (m.> ral):
lays. 3 4'<???% V'zQW
'?"' days. 3V.il 4". 2V?3 ',
4 months_ ?J", 3 *?
5 to 6 mes.. 4 ($4' .*, 3 ".
-
<ommerclal Taper.- The marl.
main? quiet, with only a ll?ht demand
- ; rime paper. The ruling i
*H pat tant for the beat named.
Official rates of discount of each of
???elve Federal district? are at? fol?
low?:
Days
Over Over Over
IS or 16up 8 1 up
Lo*? to 3 1 to 40 ?
? ?*. . Z' 2 4 4 4
New York. 3 4 4 4
? . 3'2 4 4 4
. 31 t 4
. 4 t .; 4
4 * . ?. 4 4 4 4
.3' j 4 4 4''2
. 3 4 4 4
? . 4 -i 4
: .- 41 ?
V/'i I 4 4' j
I
Hank ( IrarlnB?
hi N ?-.? 1
.
*ioil5.2*5.16? $40069.163
7.480,230 901.770
. 47,336.949 5.132.480
?3,120,411 SJ?
. 68.')*9,062 6,038.376
2,634,974 4.066,849
KuH-Trea.ur? Sam Y-rk I
l'.?t to I 121,174
Ml?er. J|B(? |fl J
New Vori i cent
. ' ?nts,
mnswrtyt ?0? mama yesterday
? ? ?rra?.r
? lered ?S? purefca r!rlin ,
Baeltiag and Ret.rr.*.?? Campan} -
at I ?
d?
from \ ? ? ?
? ?
ince, for di
Dollar in Foreign Exchang
..r,c tea
?
? ? ? movemci
'
;. . -
? V
fen in the tab.
kere have ?;ii
(?rrman nn
'
marks <.r kronen ar
no iuiiK-'i available.
We?
Yeaterda;
< Quoted dollart to tha pound.'.
g, vand.$4.75 *, $4.75 !
v days.... -1.72 4.72
... 1.76! .
170 ?.70
?Quoted Quita lo Uta dollar )
.... 5.71
? f.h!c. 5.70
. 7.09
. 7.08
Swiss, checki. ?5.08 5.10
cablea. - 5.07 5.09
(yuoi-Nl cent- to lha unit.?
Guildei ? . 41
bles. 40 ?
ei. 28.80 .8.9
kr., ch'ka.... 30.50 29.9
gi -,, kr., ch'k?.. 28.50 28.6
. 21.40 21.5
Below la g.i
value of foreign money In ?
?
rarity, as calculated by the '
Mint :
Current
exchange Intrlnsl
value. -
rounds, sterling.$4.75*-4 $4.86''
Fran? . 0.17 5 0.19
? i? . 0.41 O."0
. | .028.80 0.51
. cheeks. 0.14.1 0.19
Crowg (Denmark).028 50 0.26
rna Sweden). 0.3O 50 026
The? nbovo ratea express the cos! ?
? ? v ii terms of the \
can dollar. You buy an EnglU] |
starling for 14.76*., ' - nsic par
lty is "l.""'"-"?! per round. Thus, yoi
say either that rounds are at
count ' r t1 h' dol?an are at a pe
miuni, which is owing to the fact thn
Dgland the demand for i
with which to aettie accounta in ihi
country Is greater than the deina: i
? ? country for pounds with which ti
settle accounts in Enffland,
... o
Canadian Par. Bond
Issue Here Postponed
Bankers Decir!?? to Await thr
Sale of Government Bon^?
The bai king syndicate which hai
in th ? ' proximately
?
e Railway ? ? ??
) h< derided to wait ut.'
I'r.ited States government has sold its
Initial war issue before offering
railroad's bonds.
The ('anadian Pm-ifie transact-on i-<
Intended to aid in stabilizing ??? ?
exchange through the transfer of the
company's British debt to America
1 e bonds to bo sold here will
dollar denominations, the proceed?
which will be used to retire the
Sterling bund.*. Hankers yesterday d?
nled r? ports thai the project h?*.?l he::
abandoned.
o
U. S. Potash Produc tion
Growing Rapidly
Output in 1916 M'as 11 Times
as I ?irK?** aa in 1 ?"> 1 0
1 rn an
der, as well as in
othei ipensa
fact that 1
? ?? road to i
prominent pi
... .
?
S'ational Bank of Ii?st?>n ?how tl I
1916 20,000,000 rounds of pota?!.
. -aluo of $3,600.000, wai . i
I Ithoritiei rire quite unanir;
. -i that future rei
I e ma! 'er. The value .
'??-.? more than ter. I
*f 1916, and about two a
half t-rnes the amount in 181
_-..;.. . .
value ??* production for the yei.r ?
.... : i,. ?pr?--'?.-, |y thoi
ported i. the firal time
? ? .
?
I'll?, inclusi-1, and of Impoi I
1*1*. ?? ;
I'rodui
Vvir. 1' p
. 20.000000 'i.751.255
. 170.555.450
' . 485.818.450
1911. 612.439.916
. 622,179.164
. 672,639.5r.1
1 . 1.8?36.570 510.191.662
. U'1.037 307.054,130
. 3.864./6?
. 6.106 939 _
. . 4.571.671
. ? ? |a predaei - .. regu
rrom 1?M to ?H
'????-????
?II t? '. report
ibowe i ? . . ?? ? ,.f ,n,.
upon nur po'nsh Importai
?oicli ?ii? meatly fr?.-ni ('? ?rata'y. I
Receivership
Asked for Aetna
Explosives Co.
Action Taken by Creditor?
to Forestall Threat
ened Suit?
\- ?-.<??? of 1
'
lates 1
?
?
g I
npany
, ?
ti
\ aluable Contr.i. t?
?
I'm ' <T ? of
th"
-
' vital lirr" ? ' '?? pro=ecii
? -.-. n r
I, are
I
I y.
? ?
lates, ore , ?"
.- (Irpeiils
Inrc?-'
? .
hould be
value
allfC^H. be r
Fur-h ;i i'.
?
-
?
called f" ? \' ...
i ??ary fo (he Unit?
? ? , - - n- .
?
ohta:- tinue 11.o
? - now O"
hr.nd may be I
-'?-on-?
: m le
time. per?
mission for nil ?
?
Grassell ? . .
\<?(r?? in Dispute
'
to Edward
sssiek, in c< com?
?i to he r .? con
\ el i';i 1 ? |
.
? i| ? Herbert
mi
?
: filed b)
?
? ut author
y, Similar suits have
been filed in the State Supreme Court
. LetipiT rradii g I pai v and
? ? f-.r
Hassick t?> recover $135,97.1 and $101,
. i. respi i lively.
Th<? coi ... lition explains
that the Aetna Explosives is further
? -I in excess of $.'?,000,(00 for
merchandise and for money borrowed
on notes, a groat part of which is past
cue and the remainder soon to become
and that the company has not
inds In hand to meet these
obligations.
of the defendant'-*
property, the complaint explains, i?. at
a fair *? ala il on, mor,? than sufl
in an-.. D1 btS, but by
reason of pending ?nits Its credit has
been ?o impaired that il ?i unal
v mature in
r eon
IHcient man
the Aetna Exi
answer I
ill ?
' iyer is ex|
in the mat
recen err?.
Relevant I^acts
j_1
Chile Copper.? I
?
.? ? ease I
I '
'
'.?. t-o asked whi
g\ -
in'orrne 1 ?
t work on a
and ? ? Indefinite!}
. !e any coi tion of !
?
K Lipman, aecrel
?4J ?
? ? of about
i day, and it no** . -> ?e
? 7 000 ar.d S.noo ton? . '
dally. Ore no-* running through the;
Bill eontaini about 1.71 per cot-,* ,- p.
per. A circular Mat on? to stockhold?
er? with reference to the new '
lag saya that of the new convertible
? I ' will he offer
stockholders t ? ? ??'? ???*?:???! ??. al .-a* I
I he bonds are ?edttmabl? at 110 on j
any iritere?t ?late, after April 1,
into common stock
? ? _
Intrrnallonal Paper.? The preferir,-"
? ommittee annoances
? ti of stock " ill be ?received
? -i t.. and Including April '_'?'?,
be d? tided whether the
be ? m ried nut. The rom -
lates I .use of the
lideri t.. tho plan calling for
?? t of 7'i per cent in r??h.
l i per c? tit in preferred stock and 12
m eommon stock, while en
both a? to amount of stock
Ited and the number of
, ] i . ? convii ced the
? ?.mmittee that n
itock has been
?'!?.... ?Ii.laring
rative ? committee
ade a formal extension of
- within which deposits n.ay
1.?. made, but has an' ? d?
... to r?
lock for depo il under the plan up
to and including April 26. The com?
pany and committee are both "hopefuC
? ? Idi i i ? II i?*ali7.e that
i r or not the i onsom? '
,- i . of vital importance to
v. but it is believed to be
important to the stockholders
means by 44hich they may re?
ihe deferred dividends much
than could otherwise b<? ex
pected."
M.i4 MataritltM.?Corporate maturi?
ties nexl month amoui "? """ 854,
. ompare 1 - ? ? 11,551 In the cur
irding to Dow, Jon?*?
.C, . o. Morn than half of the ?ota!
|4 .''00,000
? Haven Railroad,
? has already been taken caro o'
?.??'.? ? . notes. Industrial
? - amount to $14,000,000 and
? Utilities to XII 000,000.
Allis-Chalmers ( ompany.?Reports
ar ended December 81 'ist
net i ng pro! ' i of $2,902,
''.]'. an increase o*" $2,171,217 ove?- iba
pi-T. ?i ? a-noun'ed
i? of $7,774,
; r ,. ?. AprC PqUfl] tO $10 IS
1 ? ?i.r.rc on the preferred stock, aga'.nst
1916,
Marina ? opper.?The company's re
'or 1916 ?hows sales of 82.271,
rease nf $1.23.?.82? over
1915 v>' available for dividends '-as
17.833, equal to *4..*S7 a shir?
? 90 shares of stork.
loin. According to
VV. I' president, ore re
the r;d of t!ie year amoitnt
126,000 to ? of ?-opper sulphid?
ors ai '"t. ? of lead-zinc ore.
N'et t of copper 4?.as ",'.71.
year, with a profit per
pound of 13.919 rent?. The average
?e of ropper was 24.722
a pound and the average cost
of pro,luring the nie'al 10.80**. cents a
pound.
Slo?s-ShriTield. Directors of the com
pany votn.l yesterday to defer the quar?
terly dividend of 1'-. per cent due at
? -ne on 'he "<10.<tnn,n00 outstanding
romnir.ii s'ork. This artion followed the
recommendation of President YVaddill
that earnings |ir used in de?
g the properties. The artion
s hoard, while not unexpected in
Wall Street, caused much comment, as
dividends on the common 4vere resumed
only last January at the annual <i per
m ? rate, ; to 'hat no ?lividend
had been paid ?inre IPIO, in which year
? lements amounted to 3*4
?
California Packing Corporation.
?he company for the year
ended February 23 umounip?! to 83,754,
Ml. rhe balmier, after preferred divi?
dends was equivalent to $10.48 a ?hare
on the common stock.
Canadian Pacific Earnings
Montreal, April 17.- The report of
the directors of the Canadian Pacific
Railway ("ompany for the six months
ended December 31, 1016, shows gross
earnings of ifT-?.T 17.'j6.*S. working ex?
penses of J4F>,843,199 and net earning?
of $80,874,765. After all deductions the
not surplus for tho six months was
$13,61 :
? -
Elections
Jerome Pauby yesterday was elected
a d -ector of the May Department
Stores Company, to take the place of
the la*? !.. \ I raham.
Utah Copper
Earnings Equal
$24 a Share
Company Produced Nearly
200,000,000 Pounds of
Metal Last Year
harnmgs of the Utah Copper Com?
pany m ISMfl, one of th<* country's Urg
est producers, mor?? than doubled
i of 1916, amounting to $24.09 ?
?on the 1,024,490 lhares of cap '..I stocl
outstanding, compared w ?
earned the ?.car before, Operating
revenues amounted to 150,280,073,com?
pared with 127,166,942 in \:<Uk $16,222,
156 in 1914 and $17,797.564 in 1913.
balance available for dividends
?as 639,148,943, against $11
yen,- before, $8,154,639 in 1914 and
$8,006494 In 1913. After paying di>
of $19,493380, again it ?6,904,0"
?r previous, the annual rep
raed yesterday ?hows a ?-urplu? of $19,
655,008, compared with $10,462,667.
Gross production of copper for 1916
was 197,417,480 pounds, compared with
166,207,376 in 1915. The average price
received by the company was
a pound. The net c "f all
copper produced during the year wai
6.95 cents a pound, compared with 8.612
cents in the previous year.
Percentage of Recovery Less
P. C. Jaeklint-, managing director of
the company, in reviewing the results
of last year, says the outstanding
ure is the demonstrated ability
. mills to increase production to the e\
: tent of over 25 per cent, as compared
to the best previous periods,
treating: the same grade of ore and
without any additions whatever in
. grinding and concentrating mac
to what had been in use for several
yeara. This, he says, couid only bo
done at a sacrifice of per
eries, but it is to be rememb? n ?i
'hat at the high average price ?.f cop?
per for the year earnings per toi
been greatly in excess of what they
would have been under normal :
of copper and a recovery of 1"') per
i cent of all the copper in the ore if
; such a thing were possible
Mr. .Tackling also calls i.*
the fact that previous to January 1
laat revised calculations show that
424324,268 tons of ore averaging 1.416
per cent copper had been develoi
?the company's property. Of -,h - 54,
f>"8,700 tons of ore had been mined,
leaving total remaining ore reserves
of 166346,666 tons. A total of '?'?"<>,
000,000 tons of developed ore remains
, in the deposit on the westerly side of
the Ringham Canyon.
Comparison of Production
Production of copper last year from
', all sources, by quarters, as compared
with 1915 was as follows, in pound?:
1916. 1915.
Flrat quarter., .16.673.007 26,415,995
Second quarter 4S.726.30' 10,799,825
Third quarter.. fil.lMl.H70 14.7M.841
Fourth ??uarter 50360499 14424,715
Total. 197,117,180 150407378
' If, MacNeil, presi?lent of the com?
pany, says to the stockholders:
"Had It not been for the lart-f in
i-rease, particularly in labor COS!
the large increase in taxation, the Coal
per pound undoubtedly would have
shown a substantial decrease instead
of an increase. There were produced
IT.?'.'-" ounces of gold, for which the
company receive?! $20 an ounce, and
461398 ounces of silver, for which the
company leceived 60.66 centi an
ounce."
>
Miami Profits
Nearly Doubled
Big Production at High Prices
Offsets Mounting Costs
With production stimulated by the
war demand and the rise in the prices
; received for its product far greater
: than the increase in costs, earnings of
! tlie Miami Copper Company in 1916
: wore almost double those of the pre
1 ceding year. The net liront available
'for dividends amounted to $7,999,601,
! or $10.71 per ?hare, agains* |
i or S-i.55 a share, in 1915. As the par
value of the shares is only $5, this was
equivalent to 214 per cent in 1916,
against 91 per cent in 1915. Dividends
of $5.75 a share were paid during the
year.
The company's net production of cop?
per was 53.BIS,331 pound?, compared
with 41362,059 pounds in 1915. Coil
per pound of refined copper rose from
9.'JO cent? to 9.52 ceflts.
Significant Relations
Money and Prices: K#f- a .?ir??-.
Steak of money gold In the ,??untry.. '.3.044.30*292 ^^^
, ,,,n, ?f all national banks. '^^f ^'T^?T
, t.- j?,.i t'e.erse hanks $1(&6lX??0 $66.270.000
-??.rounH of *y?*' "*?*"' b"nk"- ,3.014.000 9,511.000
,,,,.,r liability f'?r notes, net......... ?-*?*? >vw
-,,llir g.,ld reser4e against depoaits
71.2% 71.1%
aml emulation. "-**??
Y?.'.rd?v. The da*. IWora. A*,???-*??.
? mere nrlre of 15 railroad stocks 112.65 111.83 114.19
i: Je prne It 12 i?du,tr..l Mocks. 94.75 94.83 92.05
' ** Last week The ?se-k t,?-f ?'? .4 ? ?ar a| i.
? ,i ?--' of lis inre i \nna1ist index
1.? "' K . 258.971 248.793 165.998
number)_
Production
, ..??rd I. S. Steel orders, ton.. 11.711.6*4 11.576.69/ 9.331.001
pig iron <da.l> average), ton.. iftfij
v;i?e?otlon spindles. 33.Vl7.09O 33.008.609 3*.980.240
- n i-. -I- '? . 639.886.000 1.012.000.000
Uheat crop bushels. 3.065.000.000
? ..rn crop, bushels. ..?...,, ,.-,,.,,
? ?non r'op. hale? ?etc. linters). 11,356.944 11.068.173
Distribution: M,rrll, . , a??-.-.,*
Net shortage of freight car. . 124,973 109.998 -
Set surplus <>f freight cars. - 3.650
-.a?. '? *.? Ham '? rn u- ?4
1 ?? ??Ml? MsetS *t
? ?. I -? - .?r r?l .4
? ? ? IIHmIi1
Cross railroad earnings. ? 10.2\ 82?,
r-\*ii:r**** ' - I - * ' ?*r ,
I.sit ???el? I n?
nank Hearing? . 111*. 16.2% 19.7',
*?>! r'jar .4 ' .
< ommerrial failure.. .?23* ***** 1-6S>0
Executor Tni?fa !
Chartered 1822 m
The Fanners' Loan and Trust Company
No.s. IG, 18, 20 & 22 William Street
Branch Office, 475 Fifth Avenue
New York
LONDON PARI3
Foreign Exchan
Administrator Guardian
News Digest
Foreign
i
?
other ?
trad?
the war i ?
All V
?
'
awail ?
broad? tied,
can securit
Money I per I rates
; ,
Lisb? ? - '?
Taris l'iiurie l'a *? 17
Trading v a
don. 'J7 fl I
per cenl enl
-? \ork
11 ual - "?proved.
?
l
?
?
'?
Consolid?t? d ' ? M ??-... t
1 ' ? r.
\ -
"get-tog ?
held in th
?
.: ? '? .
I A. I W
and IV. ? ur
i. ?
Coop?r?t he advertising. - K S'ew
York Sto? k Excl
nitioi
?
h.r. -? d< ? S|p ' ?? !,:
advert
Iheir
?
\ Co., SI ? in I Co.; Harta
., Stade <<? llarnickell,
Mc( lave ?". < o., and K. Bui
Other Cities
l rude (?il at Higheet Level. P tl
burg, April 17. Pennsylvania crude "?
to the highest prie.? on recoi
hen? to-day when the principal pu*
chac;i . announced an ;
of 6 cent $3.1
gradea were advanced 2 cents
12.4
?
There was r?i cl
*i Unprecedented ?l?-mnn>l wa
si^n?-.! ., ? a Ivanc
forecast
prices f?>r gasoline.
St. l/iuis Reserve Bank I'avs IM*i
dend. -*. I . . April 17. A d
at the rate of ?? p-r cent for th?. peri'-d
April 1. 1916, to June
the St. Louis Federal
Reserve BanV, This Is the i
dl Dd declared by the hank, t! I
covering the period from the opening
of the bank in November, 1 '. ? 14, to
; March 31, I
Dividends
I'ent-al Kailr-.ad of Nrw Jetatf.
quartet
! A| ni -7.
S?-ar?. It.x?h.j. k & ?o. l<>ii\:lnr fjuartTly
dividen i ?toek,
I ?il :
l-.rrn?? M.innfarturlnc. I???.? liar ?;
rid ol Mai 1 ?-'>
ilock of record Ai??
AaMileaa Graphopheae, Regular quarter?
ly dividend ..f 1 . . I Its preferred
.. ' er* of rec?
ord May 1.
I'f-opl?-'? Natural da? end 1'iprav*
lar ?i .
April 25 I I April -'".
Hriar Hill Steel dividends at
lock an.) 1 '
th?* eommo er r??nt
? ? r.??-..ril
l.uthrr Manufacturing. Quarterly diet
dead ? '
<?f record April ! 7.
Stafford Mill?. Q
per cent and rabie May ?
?
Machaaks Mills.
April 17.
Corporation Returns
Philadelphia K.ipid Iran it
*.'
1S4.624
Sale of Wool Restricted
\ the A
reads:
The \t I forbids th?* ?ai?*
gros - ? . be .
, during tl
?' .
?
lea,
than on
contracts.
tody stocks of such w? * ?uir.??l
to sell rav.? I - authorized by
; the director of army col tra? '*?.
__-m ? -
U. S. Treasury Finances
Washington, April 17 Condition of
i the Cnited States Trtasarjr: Net bal?
$*7.557.149; total
rece pts, $3,617.08S:
$2.59'*U58.
j The deficit this fiscal year Is $177,?
Exempt from
Increased
Federal Income Tail
indications are th?t
t lus war 4\ HI he
financed I a rgely by
taxation upon the in?
comes of the present.
Municipal Bond?
A-?
Exempt from Federal Income Tu
follows that the
?!'*m md for them will
increase, 4\ith a cor?
responding enhance
menl in value.
\,4 r can oiT'?: you Fed
come-1 ix - free
9* at
pri< et yieldin ? 4 10%
L'y,.
Spitzer, Rorick &Ca|
? "i
Equitable* Bldr-., .New Yori|
To!*?1" ; hid?
U.S.
War Bonds
When and as <*??<?
Your subtcrip
lion cared for
with nit ?penn
to you or pro?t
lo us. File it
now.
H. D. Robbins & Ci.
In? r?r|l??rrlt"1
61 Brondwov NewYat
?Jew Government War Louj
Till . : our hondd*
I artment are at the <t>
.I our clients and : * '?
ral, for hand
scriptions ?or the proponte*
- ret ? ?'"??i f**
-.?Slot r-f a .
(mSHOLM&(?APMAl.
^--f,...,.,.?. ? ?- ? '?S23
12 N Buoaow?-'
215 M0NT40UI 5"
77/8i?o?oSTi??t
Government Bondi
Corporation Bond*
Public Utility \ Pfeferre? St??|
and Induitrial
Geo. H. Burr & U
1 20 Broadway, New York
STANDARD
WE WILL BUY ?Q ?!ffiS
TT m 4?virti?
M suckr?,. P L l^1*********************
2i HUB? 14 P. L
M Iridiar.? P. I
II f>. 0. ?f N. J
too o?t?oe
lt4lt,.P.L ?Jii,4'-ii^?-*-*'#
? 3V rw
I 2S r-r-lt***-*
carlh.pforzheimer?C0
1 4 nr.*l W tr-ei^r
Western Tame? '?""?* ?**
I..... I?.,.i.l A Miare I r.l ? -a)
4. ... ' ??? .4 '"*-, '""? - -
4,.. 44 ?1er 44 k?. *"??'.
( ,,i,tl? II? 'it li.? * I " '
Kim???* ? H> K??J < <"-??
4m< ri? il '???<*? Kl*- ''"T, Z**n
4,? 44r,.e, 44k?. A ;"' ??'Tfi?
(,??,e.ll?-.it K). * I'? '?"??
Iff, HUT ? n> H-??.', lern.
FREDERIC H. HATCH II
|*l,??e Hr.?.1 .4U'I. SO II?-??*! ^??
I United Sugar ComP?***"
& Co.
Toole, Henry
.", i***\
Equitable Bldg.? Na?***
High Gride Investit**1
Securities
Knaull|-Nacl|o^K*
asm ron
lutynr,. USTJ
and public debt tr-*?"Uo?,L-^1